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AUDITED FINANCIAL STATEMENTS
AND OTHER FINANCIAL INFORMATION
VILLAGE OF EDINA, MINNESOTA
DECEMBER 31, 1965
ERNST& ERNST
AUDITED FINANCIAL STATEMENTS
AND OTHER FINANCIAL INFORMATION
VILLAGE OF EDINA, MINNESOTA
December 31, 1965
..N..
INDEX
ACCOUNTANTS' REPORT ON AUDITED FINANCIAL STATEMENTS........ PAGE 4
COMMENTS AND ACCOUNTANTS' REPORT ON OTHER FINANCIAL
INFORMATION................
FUNDBALANCE SHEETS .......... ............................... 10
NOTETO FINANCIAL STATEMENT L .............................. 12
GENERAL FUNDs
BALANCESHEET ............................................. 13
STATEMENT OF SURPLUS...... 14
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 15
REVENUE............... 16
EXPENDITURES .............. 17
CENTRALSERVICES.. o... o ........... . ................. a.... 21
FIXEDASSETS; ... a .............. a .......... a ........ a ... P. 22
POOR FUNDS
BALANCESHEET— ........... 23
STATEMENT OF SURPLUS — UNAPPROPRIATED 24
STATEMENT OF REVENUES AND EXPENDITURES ................... 24
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 25.
PARK FUNDS
BALANCE SHEET ............. 26
STATEMENT OF UNAPPROPRIATED SURPLUS ...................... 27
ANALYSIS OF SURPLUS INVESTED IN FIXED ASSETS ............. 27
ANALYSIS OF CHANGE IN CASH BALANCE......., ......... o ..... 28
REVENUE AND EXPENDITURES.. 29
FIXEDASSETS .............. 30
SWIMMING POOL FUNDs
BALANCESHEET .............. 31
STATEMENT OF SURPLUS...... 32
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 33
STATEMENT OF INCOME AND EXPENSE 34
STATEMENT OF INCOME AND EXPENSE (CONCESSIONS ONLY) ....... 35
FIXEDASSETS .............. 36
GOLF COURSE FUNDS
BALANCE SHEET ............ 0 37
STATEMENT OF SURPLUS — DEFICIT ........................... 38
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 39
STATEMENT OF INCOME AND EXPENSE...... .... 40
STATEMENT OF INCOME AND EXPENSE — OPERATING DEPARTMENTS.. 42
FIXEDASSETS .............. ............................... 43
BONDSPAYABLE ............. 6.............................. 44
RECREATION CENTER FUND:
BALANCESHEET ............. ............................... 45
STATEMENT OF SURPLUS...... 46
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 47
STATEMENT OF INCOME AND EXPENSE 48
BONDSPAYABLE ............. 49
INDEX (Cont'd)
PARK SINKING FUND-
BALANCESHEET ............. ............................... PAGE 50
STATEMENTOF SURPLUS ..................................... 51
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 52
BOND AND INTEREST MATURITIES, DEFERRED TAX LEVIES
AND RESERVE FOR UNCOLLECTIBLE TAXES ..................... 53
PARK CONSTRUCTION FUND:
BALANCESHEET.. ........... ............................ 54
ANALYSIS OF RESERVE FOR CONSTRUCTION ..................... 55
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 56
FIXEDASSETS .................. 57
IMPROVEMENT FUNDS:
COMBINEDBALANCE SHEET .... ............................... 58
STATEMENT OF SURPLUS — UNAPPROPRIATED .................... 59
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 60
BONDSPAYABLE....... .... ............................... 62
WATERWORKS FUNDS
BALANCESHEET ............. ....................aa.o..... 63
NOTES TO BALANCE SHEET... 64
STATEMENTOF SURPLUS ...... ............................... 65
STATEMENT OF INCOME AND EXPENSE .......................... 66
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 68
FIXEDASSETS .............. 0...........0....a............. 69
SEWER RENTAL FUND:
BALANCESHEET .............. o..... ..... V........ ...... ... 0 70
STATEMENT OF SURPLUS ................. 71
STATEMENT OF INCOME AND EXPENSE .......................... 72
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 73
FIXEDASSETS............ ... ..............a...a............ 74
LIQUOR DISPENSARY FUNDS
BALANCESHEET ............. ............................... 75
STATEMENTOF SURPLUS ...... ............................... 76
STATEMENT OF INCOME AND EXPENSE .......................... 77
.'OPERATING EXPENSES ........ ............................... 78
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 79
FIXEDASSETS............ 80
GENERAL:
CASH— ALL FUNDS .......... ............................... 81
SECURITYFOR DEPOSITS ..... ............................... 82
INVESTMENTS............... ............................... 83
TAXABLE VALUATIONS, TAX LEVIES AND RATES ................. 84
OFFICIALBONDS.............. 85
INSURANCECOVERAGE ........ ............................... 86
ORGANIZATION.............. ............................... 88
ERNST & ERNST
FIRST NATIONAL BANK BLDG.
MINNEAPOLIS, MINN. 55402
ACCOUNTANTS' REPORT ON AUDITED FINANCIAL STATEMENTS
To the Village Council
Village of Edina, Minnesota
We have examined the balance sheets of the various funds of the Village of Edina,
Minnesota as of'December 31, 1965 and the related statements of revenues and ex —.
penditures or income and expense and surplus for the year then ended. Our exam-
ination was'made in accordance with generally accepted auditing standards, and
accordingly included such tests of the accounting records and such other auditing
procedures as we considered necessary in the circumstances.
In our opinion, the accompanying balance sheets and statements of revenues and
expenditures, income and expense and surplus present fairly the financial posi-
tion of the Village of Edina at December 31, 1965 and its various special funds
and the results of their operations for.the year then ended, in conformity with
generally accepted accounting principles applied (except for the changes in
depreciation described in the note to financial statements) on a basis consistent
with that of the preceding year.
i
Minneapolis, Minnesota
May 5, 1966
ERNST & ERNST
F I R S T NATIONAL B A N K BLDG,
MINNEAPOLIS, MINN. 55402
COMMENTS AND ACCOUNTANTS' REPORT ON OTHER FINANCIAL INFORMATION
Village of Edina
Edina, Minnesota
The audited financial statements of the various funds of the Village consisting
of balance sheets and statements of revenues and expenditures or income and ex-
pense, and surplus and our report thereon are presented in appropriate sections
of this report. Financial information not specifically referred to above and
financial information contained in the following comments is not considered
necessary for a fair presentation of the financial position and results of
operations, and is submitted for analytical purposes only. The information
shown in the schedules of security for deposits, taxable valuations, tax levies
and rates, official bonds, insurance coverage and organization as presented in
the general section of this report was obtained from non- accounting records of
the Village or made available to us by the Village, but we did not make an inde-
pendent audit of them as they do not involve information which enters into the
financial statements. Other information was derived from the accounting records
tested by us as a part of the auditing procedures followed in our examination of
the afore - mentioned audited financial statements and, in our opinion, is fairly
presented in all material respects in relation to the financial statements taken
as a whole.
The following comments set forth certain auditing procedures and other matters
pertinent to our examination:
Cash on deposit at December 31, 1965 was reconciled to balances reported directly
to us by the various depositories. Cash working funds and cash on hand for de-
posit at December 31, 1965 were counted by us.
Cash receipts and cash disbursements procedures were reviewed and tested by us
for selected periods during the year to determine that proper procedures were
being followed to control recording of receipts and that proper authorization
was provided for disbursements.
Village of Edina securities held for investment by the several funds of the Village
were inspected by us, and related interest income computations were tested.
Amounts receivable from water and sewer rental charges at December 31, 1965 were
tested by direct correspondence and by review of the records for subsequent col-
lections. Differences reported were not material and were explained to our satis-
faction.
-5-
Current and delinquent taxes and special assessments and tax settlements received
during the year were confirmed by direct correspondence with the County Auditor.
We reviewed delinquent taxes reported to us,and` adjusted . the balances to conform
to the County Auditor's balances. Transactions pertaining to special assessments
receivable were reviewed.
Interfund transfers and charges and interfund balances were reviewed by us.
We were present.at the. municipal liquor stores at the time physical inventories
were taken. We observed inventory procedures used by,Village employees and tested
quantities by independent count of items selected by us. Inventory valuations
were tested by reference to vendors' invoices and by tests of clerical accuracy.
Additions to and disposals from fixed asset accounts were reviewed by us and veri--
fied by- inspection of contracts, invoices or other data. Allowances for deprecia-
tion charged to operating funds of the Village,were reviewed by us.
We tested accounts payable by direct correspondence and by reference to disburse-
ments-subsequent to December 319 1965•
Canceled bonds and interest coupons redeemed and paid during 1965 were inspected
by us.
Official minutes of the Village: Council for 1965 were.,read by us.
Copies of licenses and permits issued during the year were tested to recorded col-
lections.
Recreational facilities, except for equipment, are not depreciated as explained, in
note to financial statements.
COMMENTS ON FINANCIAL STATEMENTS
GENERAL FUND
Detail schedules reflecting activity and status of this fund are shown on pages 13
to 22, inclusive, of this report.
POOR FUND
Reference is made to detail schedules elsewhere. in this. report as to operations of
this fund' -. Such details appear on pages 23 to 25, inclusive.
PARK FUND
Reference is made to detail schedules elsewhere in this report as to operations of
this'fund. Such details appear on pages 26 to 30, inclusive.
SWIMMING POOL FUND
Detail schedules outlining financial operations ofcthis fund are shown on pages 31
to 36, inclusive, of this report. The net income of $39400.98 is after the provision
of $7,131.75 for interest on bonded debt issued for the swimming pool facilities.
See note to financial statementsregarding change in depreciation policy of Swimming
Pool Fund.
w
GOLF COURSE FUND ,
Construction was completed in 1965. Construction costs incurred by the Park
Construction Fund were transferred to this fund. Net revenues of the. Liquor
Dispensary Fund are pledged to secure the payment of obligation of the Golf Course
Fund. Detail schedules outlining financial operations of this fund are shown on
pages 37 to 449 inclusive, of this report. The net loss of $16,222.76 is after
the provision of $26,466.00 for interest on bonded debt issued for the golf course
facilities, and the provision of $3,647.79 for depreciation on golf course equip-
ment.
RECREATION CENTER FUND
Construction of the recreation center started in 1965 and by December, 1965 was
far enough along to allow use of the facilities. Construction will be completed
in 1966,.;and at such time construction costs incurred by the Park Construction
Fund will be transferred to the Recreation Center Fund. Net revenues of the
Liquor Dispensary Fund'are pledged to secure payment of obligation of the
Recreation Center Fund. Detail schedules covering operations of this fund appear
on pages,.45 to 49, inclusive.
PARK SINKING FUND
Reference is made to detail schedules on pages 50 to 53, inclusive,- of this report
as to the operations of this fund.
PARK CONSTRUCTION FUND
Reference is made to detail schedules in this report as to operations of this
fund. Such details appear on pages 54 to 57, inclusive. Fixed assets for park
purposes amounting to $54,506.60 were purchased during the year. Funds were made
available from a $959000.00 transfer from the Liquor Dispensary Fund and a
$450,000.00 advance from the Recreation Center Fund. Construction costs during
the year'on the golf course were $2$9642.15, which together with $$969543.71',
of previously accumulated costs were transferred to the Golf Course Fund. Con-
struction -costs during the year on the Recreation Center were $5259354.00. The
excess of recreation center construction costs over the-$450,000.00 made available
from the sale of bonds will be paid by the .Recreation Center Fund.
IMPROVEMENT FUNDS
Reference is made to detail schedules elsewhere in this report as to operations of
these funds and the related Construction Fund. Such details appear on pages 58 to
62, inclusive, of this report.
Construction costs incurred by the Village, other than for park purposes, are ac-
counted for in the Construction Fund which receives the proceeds from sale of
permanent and temporary bonds sold for construction or improvement purposes by the
various improvement funds. Redemption of these bonds is provided for by levies of
special assessments on properties benefited from the construction or improvements.
To facilitate tabulation of these special assessments, interest from date of final
assessment hearing to December 31st is included as part of project costs. Assess-
able costs also include a percentage charge in an amount sufficient to reimburse
the Village for actual costs of engineering and clerical services properly assign-
able to the various special assessment projects.
-7-
The reserve for assessment adjustments represents the excess of assessments over
actual costs incurred, less charges where actual costs exceeded the assessments.
Also charged to the reserve for assessment adjustments are determinable costs for
financed projects on which work had not been done and on which final disposition
is pending. These balances may be used for refunding canceled assessments.
The 1954 Second Series improvement fund retired-'a11 remaining bonds during the
year. The free surplus of this fund was transferred to the Permanent Improvement
Revolving Fund to aid the financing of small improvements without the issuance of
bonds.
Construction funds were made available from the sale of $1,400,000.00 of Temporary
Improvements Bonds which will be redeemed with funds made available from special
assessments and sale of improvement bonds in 1966.
WATERWORKS FUND
Reference is made to detail schedules elsewhere in this report as to operations of
this fund. Such details appear on pages 63 to 69, inclusive.
Net loss of the fund amounted to $20,320.65 as compared to net income of $31,954.60
in 1964. The principal reasons for this change may be summarized as follows:
Decrease in income from sales of water,
water meters and other income
Increase in depreciation
Decrease in income on investments
Increase in other expenses
Less:
Decrease in interest on bonded debt
$34,432.07
18,675.36
3,557.48
2,338.07
$59,002.98
6,727.73
DECREASE IN NET INCOME $52,275.25
SEWER RENTAL FUND
Reference is made to detail schedules elsewhere in this report as to operations of
this fund. Such details appear on pages 70 to 74, inclusive.
LIQUOR DISPENSARY FUND
Reference is made to detail schedules elsewhere in this report as to operations of
this fund. Such details appear on pages 75 to 80, inclusive.
Net income of the fund amounted to $302,907.90 for the year. Of this amount,
$230,000.00 was transferred to other funds of the Village by action of the Village
Council. In connection with the sale of Golf Course Bonds of 1963 and Recreation
Center Bonds of 1965 the net revenues of the Liquor Dispensary Fund are pledged to
secure the payment of said bonds and interest thereon.
—8—
SECURITY FOR DEPOSITS
Reference is made to schedule on page 82�of this report showing details of deposits
of the Village and securities pledged as collateral thereto at December 31, 1965.
Security for deposits at the.First Edina National Bank were inadequate with re-
spect to compliance with the provisions of M. S. A. Section 118.01 which prohibit
the Treasurer_ from maintaining a deposit in excess of ninety per cent of the market
value of the collateral pledged exclusive of amounts covered by federal deposit
insurance.
First Edina
National Bank
Balance on deposit
Security for deposit:
Collateral at 90% of market
Federal deposit insurance
$421,325.06
$348,772.50
10 9000.00
$358,772.50
BONDING REQUIREMENTS
All village employees who are required to be bonded by Minnesota statutes were so
bonded.
PUBLICATION OF FINANCIAL STATEMENTS
A detailed financial statement was
by M. S. A. Section 412.281.
Minneapolis, Minnesota
May 5, 1966
not prepared and published or posted as required
W
ASSETS
Cash:
Current funds
Appropriated
Investments:
United States Government securities —
at face value or cost
Village of Edina bonds — at face value or cost
Land investments — at cost
Amount segregated and shown below
Receivables:
Taxes and special assessments:
Current
Delinquent
Deferred
Customers
Due from State Aid Account:— State of Minnesota
Due from other funds
Miscellaneous receivables
Less allowance for delinquent taxes
Inventories
prepaid expenses
Segregated investments for reserve for
debt retirement
Construction in progress.
Fixed assets
Unallocated construction cost
* Indicates red figure.
Total General
759,466.86 $ 112,386.52
22,348.75
$ 781,815.61 $ 112,386.52
$ 2,661,522.73 $ 150,000.00
355,343.89
.17,028.55 17 028.
$ 3,033,895.17 167,028.55
71,672.50
$ 2,962,222.67 $ 167,028.55
$ 1,449,265.65
355,595.67
$ 49,830:71
7,587,700.04
47,366.63
140,500.00
806,283.98
42,386.83
14,797.87
13,148.24
$10,401,509.84
$ 105,365.78
804,195-13
49,830.71
9,597,314.71
$ 55,535:07
321,146.24
10,000.00
4,478.78
71,672.50
2,875,379.78
8.,706,617.72 1,846,101.02
117,090.32
$25,437,738.133 $2,191,051.16
Poor Park
$ 2,624.75
2,624.75
$ 5,000.00
15,000.00
20,000.00
20,000.00
35-00
$ 35.00
35.00
$22,659.75
$ 3,144.54
3,144.54
$ 30,.000:00
30,000.00
30,000.00
$ 1,435.98
$ 1,435.98
1,435.98
600.00
FUND BALANCE SHEETS
VILLAGE OF EDINA
December 31, 1965
Swimming
Pool
$ 531.92
$ 531.92
420,320.84 212,706.22
$454,065.38 $213,238`.14
Golf Course
$ 73,472.48
$ 73,472.48
$ 31,040.56
31,040.56
31,040.56
941.23
941.23
941.23
108,93
6,502-36
965,809.52
$1,077,875.08
Recreation
Center
$ 49,208,40
49,208,40
$ —
$ m
$450,000.00
673.40
$450,673.40
450,673.40
583.66
12,834.42
$513,299.88
Park
i
!
Park
Sinking
Construction
$ 30,511065
i
$
99,040.02
30,511065
$
99,040.02
$ 309000000
,i
10,000.00
$
16,000.00
$ 409000.00
$
16,000.00
$ 40,0.00.00
$
16,000.00
$ 57,100000
845.20
.8919000000
119465.25
i
$
100,185.86
$960,410045
$
100,185.86
48,250.20
$912,160.25
$
100,185.86
1,089,589.41
517,263.01
$9829671.90 $1,822,078.30
I
i
Improvement
$ 322,942.14
$ 322,942.14
$ 2,270,118.00
287,000.00
$ 2,557,118.00
$ 2,557,118.00
$ 1,391,575.23
303,483.78
6,696,700.04
140,500.00
14.10
$ 8,532,273.15
704.678.24
$ 7,827,594.91
19779,288.01
117,090.32
$1296049033.38
Waterworks
$ 21,283.11#
22,348.75
$ 1,065.64
$ 95,364.17
$ 95,364.17
71,672.50
$ 23,691.67
$ 28,858.64
10,756.94
$ 39,615.58
$ 39,615.58
12,839.58
547.00
71,672.50
4,630,413.67
$4,779,845.64
Sewer
Renta 1
$42,603.58
$42,603.58
$ 590.42
18,507.99
Liquor
Dispensary
$ 44,283.97
$ 44,283.97
$ 50,000.00
27,343.89
$ 77,343.89
$ 77,343.89
$191,475.00
$19,098.41 $191,475.00
$19,098.41 $191,475.00
297,123.00
3,822.85
13,801.07
$75,503.06
87,367.95
$701,416.66
-10-
LIABILITIES, RESERVES AND SURPLUS
Due to other funds
Accounts payable
Salaries and wages
Due to Hennepin County
Interest payable
Deferred income
Construction deposits
Edina Firemen's Relief Association
Construction contracts
Minneapolis —Saint Paul Sanitary District
Unexpended contributions
Reserve for future bond interest
Bonds payable
Reserve for assessment adjustments
Reserve for construction
Surplus:
Invested in fixed assets
Appropriated:
For imprest cash
For debt service
.,. For. commitments
Unappropriated (deficit)
Total
General
806,283.98
$ 10,696.94
332,862.57
66,633.71
7,722.93
1,739.79
11,156.15
.98,131.88
9,740.00
74,899.95
4,393.44
14,103.59
14,103.59
324,296.58.
2,085.53
23,244.06
211,450.00
13,277,000.00
104,008.81
118,102.55
7,613,397.61 1,846,101.02
550.00 550.00
182,821.25
_103,400.00 103.,400.0,q
2,122,480.89 143,432.67
$25,437,738'.33 $2,191,051.16
Poor Park
10.12
$ 172.28 2,447.97
1,065.72
23,244.06
FUND BALANCE SHEETS (Cont'd)
Swimming
Pool
$ 11,465.25
29.11
Golf Course
$ 2969102.79'
1,918.37
Recreation
Center
$ 6,525.06
1,384.27
4,696.67
.9,740.00
Park Park
Sinking Construction
466,619.97
108,255.61
$ 26,027.50
205,950.00
825,000.00 450,000.00 720,000.00
i
90,350.30
420,320.84 212,706.22 12,834.42 1,156,852.42
52,300.00 36,500.00
22,487.47 6,976.67 ( 10,962.44) ( 97,446.08) ( 8,380.54) 30,694.40
$22,659.75 $454,065.38 $213,`238.14 : $1,077,875:08 $513,299.88 $982,671 -•90 ..$1.,822,078.30
i
—11—
Sewer
Liquor
Improvement
Waterworks
Rental
Dispensary
$ 209918.35
$ 31.50
$ 54.74
384.32
2,027.69
17,470.64
87,911.02
39,471.11
424.69
237,56
2,870.90
11,156.15
1
62,565.21
4,842.50
70,506.51
324,296.58
2,085.53
5,500.00
10,515,000,00
.767,000.00
104,008.81
27,752.25
3,863,413.67
13,801.07
87,367.95
i
94,021.25
1,458,216.30
32,641.39
( 26,501.33)
- 571,322.38
$12,604,033,38
$4,779,845.64
i
$75,503,06
$701,4i6,66
i
—11—
NOTE TO FINANCIAL STATEMENTS'
VILLAGE OF EDINA
December 31, 1965
DEPRECIATION POLICY
During the year the Village changed its policy with respect to providing for deprecia —.
tion on the depreciable assets of the Swimming Pool Fund. Depreciation in the amount
of 046,944.96 accumulated in prior years on the swimming pool, bathhouse, and filter .
system was reversed as of the beginning of the year and added to surplus invested in
fixed assets. .
The discontinuance of providing for depreciation on the above facilities resulted in an
increase of approximately $79200.00 in the net income of the Swimming Pool Fund for
.19b5. Depreciation for the Swimming Pool Fund was computed on furniture and fixtures
only.
The Village adopted the same policy for the Golf Course.Fund and Recreation Center
Fund! is computed on fixtures and equipment only at the golf course and
ice arena. The golf course was completed late in 1964 and the ice arena substantially
completed in 1965.
12-
ASSETS
Cash:
Demand deposits
Time deposits
,Working funds
Investments:
Federal Intermediate Credit Bank
Debentures — 4.6% at face value
Land investment — at cost
Receivables:
Due from other funds:
Liquor Dispensary Fund
Waterworks Fund
Sewer Rental Fund
Park Construction Fund
Park Fund
Golf Course Fund
Construction Fund
Accounts receivable
Supply. inventory — estimated
Taxes receivable.— delinquent
Less allowance for delinquent taxes
Fixed assets
LIABILITIES AND SURPLUS
Due to Waterworks Fund
Accounts payable:
Trade accounts
Accrued payroll
Edina Firemen's Relief Association
Sundry deposits
Appropriated surplus:
Invested in fixed assets
Contributed — invested in fixed
assets
Reserve for commitments
For imprest cash
Surplus — unappropriated
GENERAL FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31; 1965
$ 11,836.52
100.000.00 111,836.52
550.00 112,386.52
$ 150,000.00
17,028.55 167,028.55
$ 384.32
31.50
40.64
16,619.97
10.12
4,381.93
20,918.35 42,386.83
13,148.24 .55035.07
.109000.00
$ 49,830.71
49,830.71
1,846,101.02
$2,191,051.16
$ 10,696.94
$ 66,633.71
1,739.79
14,103659
4,393.44 86,870053
$1;775,237.91
70,863.11 $1,846,101.02
103,400,00
550.00 1,950,051.02
143,432067
$2,191,051.16
—13-
GENERAL FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1965
APPROPRIATED
Balance at January 1, 1965
Additions (deductions):
Transfers from unappropriated surplus:
Total
$1,809,435.84
For fixed assets - net 120,165.18
For commitments 20,500,00,:
For imprest cash ( 50.00).
Balance at December 31, 1965 $1,950,051.02
UNAPPROPRIATED.
_Balance at January 1, 1965
Additions:
Revenue — see separate schedule
,Less:
Expenditures — see separate schedule
Cost of voting machine — purchased on
installment basis
Deductions:
General Fund share of construction costs
Transfers:
Reduction in imprest cash
Invested in Im . rest
� � � For p
Fixed Assets Contributed Cash
$1,6559072.73 ! $ 70,863.11 ffi 600.00.
120,165.18.
$1,775,237.91 $ 70;863.11 ffi 550.00
i
$1,500,843.25
Foi
Commitments
$ 82,900.00
20,500.00
$103,400.00
$ 51,638.03
i
$1,393,801.50
i 12,992.00- 1,406,793.50 94,049-75
145,687.78
i
2.305-11
143,382.67
50.00
Balance at December 31, 1965 $143,432.67
-14-
GENERAL FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1965
Balance at January 1, 1965
Additions:
Receipts - per separate schedule
Sale of investments
Collection of amounts due others:
Waterworks Fund
Edina Firemen's Relief Association
Collection made on accruals at
December 31, 1964
Payments received from Independent
School District No. 273 for gasoline
purchases
Decrease in petty cash
Increase in sundry deposits
Deductions:
Disbursements — per separate schedule
Gasoline purchased for Independent
School District No. 273
Charges to accounts receivable and
other funds
Payment.on accruals at December 31, 1964:
Accounts payable
Accrued payroll
Edina Firemen's Relief Association
Due to other funds
Purchase of investments.
Village ,share of construction costs
charged directly to surplus
Summary:
Demand deposits $ 119836.52
Time deposits 1009000.00
TOTAL $111,836.52
$ 979338.35
$1,436,491.59
225,000.00
$10,696.49
14,103.59 24,80.0.08
8,lli.i6
12,430.41
50.00
644.99 19707,528.23
$1,804,866,58.
$1,282,636.67
12,537.02
25;035.73
$33,705.88
1,782.06
20,168.80
11,111.16 66,767.90
303,747.63
2,305.11 1,693,030.06
Balance at December 31, 1965 $ 111,836.52
15—
GENERAL FUND I,
REVENUE
VILLAGE OF EDINA
Year Ended December 31, 1965 i
-16-
Actual Revenue
Over- Under*
Estimated
Estimated
Receipts
Accruals
Revenues
Revenue
Revenue
Real and personal property taxes
850,110°12
$ 850,110.12
$ 858,100.00
$ 7,989.88#
Other taxes
47,297°52
47,297,52
32,250.00
151-047.52
Bicycle licenses
2,387.25
2,387,25
1,250.00
19137.25
Beer.and liquor licenses
1,655.00
1,655.00
19555.00
100.00
Cigarette licenses
937.00
937.00
780.00
157.00
Dog and impounding fees
5,244.25
5,244.25
4,800.00
444.25
Food and soft drinks
3,731°00
3,731.00
2,905.00
$26.00
Gas pump licenses
400 :00
400.00
775.00
375.00#
Bowling, taxi, pinball, etc.
39187.00
3,187.00
2,810.00
377.00
Plumbing licenses
2,625.00
2,625.00
2,475.00
150.00
Water softener installation licenses
175.00
175.00
175.00
Scavenger and garbage collectors
501.00
{
501.00
390.00
111.00
Building permits
53,313.0,0
I
539313.00
38,000.00
15,313.00
Cesspool and sewer permits
3,102.25
3,102.25
39500.00
397.75#
Plumbing permits
17,750.35
17,750.35
79500.00
10,250.35
Sign permits
3,491.28,
3,491.28
3,200.00:
291.28
Other permits and fees
567.00
567.00
567.00
Heating and ventilating
1,078,50
1,078.50
7,000.00
5,921.50#
Street opening fees
19240.00
1,240.00
600.00
640.00
Planning fees
1,022.00
1,022.00
1750-00
272.00
Engineering, clerical and searches
157,542.55
$ 285.32
157,827.87
1279600.00
30,227.87
Police service
10,559.78
10,559.78
109000.00
559.78
Equipment rental
2,693.50
6,271.16
8,964.66
2,500.00
69464.66.
Municipal court fines
309337.53
7,387.77
379725.30
26;,000.00
11,725.30
Income on investments
451.99
451.99
451.99
State apportionments - ':highway
28,170.00
28,170.00
23,800.00
4,370.00
State apportionments - liquor and 'cigarettes
99,056.61
99,056.61
911,997.00
79059.61
Contribution from-active funds
76,934.00
I.
76,934.00
769934.00
-
Charges to other funds
12,420.00
129420.00
12,420.00
-
Sale of fixed assets
1,155.00
1,155.00
500..00
655.00
Discounts earned
944.38
31.55
975.93
975.93
Other revenue
15,326.73
1,230.86
16,557.59
15,300.00
1,257.59
Transfer - reserve for encumbrances
48,900.00
4$,900.00
48,900.00
-
Rentals
1,085.00
245.00
1,330.00
1,330.00
TOTAL $19436,491.59
$64,351.66 i
$1,500,843.25
$1,4049591.00
$96,252.25
-16-
GENERAL GOVERNMENT
Mayor and Council
`Planning
Administrations
Personal services
Contractual services
Commodities
Fixed charges
Finances
Personal services
Contractual services
Commodities
Fixed charges
Elections
Assessing:
Personal services
Contractual services
Commodities
Fixed charges
Legal 'services
Library
GENERAL FUND
EXPENDI.TURES.,
VILLAGE OF EDINA
Year Ended December 31, 1965
TOTAL ADMINISTRATION
TOTAL FINANCE
TOTAL ASSESSING
TOTAL GENERAL GOVERNMENT
ADMINISTRATION, ENGINEERING AND PUBLIC WORKS
Administrations
Personal services
Contractual services
Fixed charges
TOTAL ADMINISTRATION
Engineerings
Overhead
Project engineering
General engineering
TOTAL ENGINEERING
Public works:
Supervision and clerical
Training
Paid leave
Disbursements
$ 9,005.75
12,135059
$ 42,218.68
6,031.06
48.62
216.00
57,514.36
$ 29,883.42
2,392.55
59808;00
$ 38,083.97
1,222.65
$ 34,936.77
1,701.21
234.00
•5,232.00
$ 42,103.98
15,769.49
2,710.L7
178,546.16
$ 14,040.00
412.79
960.00
$ 159412.79
$ 22,150.71
73,715.05
16,824.91
$ 112,690.67
$ 43,470.29
636.37
19,319.85
Encumbrances
28.20
$ 359.67
23.00
382.67
9.90
$ 13.73
8.18
$ 21.91
10,162.39
12.0
10,747.47
$ 34.83
$ 34.83
$ 277.12
123.82
205.23
606.17
$ 30.00
694.40
Expenditures
$ 9,005.75
12 ,163.79
42,218.68
6,390.73
71.62
216.00
57,897.03
$ 29,883.42
2,392.55
5,808.00
$ 38,08.3.97
1,232.55
$ 34,936.77
1,714.94
242.18
5,232.00
$ 42,125.89
25,931.88
2 8 2.77
189,293.63
$ 14,040.00
447.62
960.00
$ 15,447.62
$ 22,427.83
73,838.87
17,030.14
$ 113,296.84
$ 43,500.29
636.37
20,014.25
Appropriations
$ 9,030.00
12,455.00
42,530.00
6,945.00
100.00
216.00
58,791.00
$ 30,030.00
2,456.00
50.00
5,808.00
$ 38,344.00
1,300.00
$ 34,940.00
1,725.00
290.00
5,232.00
$
42,l87.00
30,375.00
3,081.00
$ 195,563.00
$ 14,040.00
571.00
960.00
$ 15,;571.00
$ 22,845.00
71,582.00
15,054.00
$ 109,481.00
$ 43,'740.00
974.00
20,101.00
Unexpended
Balance
$ 24.25
291.21
$ 311.32
554.27
28.38
893.97
$ 146.58
63.45
50.00
$ 260.03
67.45
$ 3.23
10.06
47.82
$ -61.11
4,443.12
228.23
$ 6,269.37
123.38
$ 123.38
$ 417.17
2,256.87*
1,976.14#
$ 3,815.84#
$ 239.71
337.63
86.75
-17-
GENERAL FUND
EXPENDITURES (Cont'.d)
ADMINISTRATION, ENGINEERING AND PUBLIC WORKS (Cont'd)
Public works (cont'd):
General maintenances
Gravel streets
Oiled streets
Asphalt streets
Concrete streets
TOTAL GENERAL MAINTENANCE
Street cleaning
Renovation
Curb and sidewalks
Snow and ice removal
Street lighting
Street name signs:
General maintenance
New sign installation
Refinishing
Traffic control:
Sign maintenance
Traffic control maintenance
Pavement marking
Guard rail- maintenance
Bridges - general maintenance
Storm sewer maintenance
Temporary drainage and culverts
Village properties:
Turf care
Plantings
Tree.maintenance
TOTAL STREET NAME'SIGNS
TOTAL TRAFFIC CONTROL
TOTAL: V.ILLAGE,.PROPERTIES
Noxious weed control
.Lake and pond maintenance
TOTAL PUBLIC WORKS
TOTAL ADMINISTRATION, ENGINEERING AND PUBLIC ;WORKS
Disbursements
$ 16,797.10
3,205.98
30,628.30
5.297.63
55,929.01
23,633.22
44,488.90
2,148:43
52,619.86
48,974.90
$ 2,224.30
1,342.63
3,423.12
$ 6,990.05
$ 4,298.68
5,902.65
3.607.43
13,808.76
3,906.92
,5;426.77
11,736.18
13,418.55
$ 4,901..67
377.49
3.064.57
$ `8,343.73
279.80
3,88i.52
359, 13-11
487,116.57
Encumbrances
$ 384.43
136.80
521.23
2,392.35
1,598.71
$
.128.25
245.09
18.00
$ 391.34
$ 795.35
64.89
860.24
34.84
19.58
r
6.542.
$ .7,183.69
Expenditures
# 17,181.53
3,205.98
30,765.10
5,297.63
$ 56,450.24
23,633.22
44,488.90
2,148.43
55,012.21
50,573.61
$ 2,352.55
1,587.72
3,441.12
$ _ 7,381.39
$ 5,094.03
5,967.54
3.607.43
14,669.00
3,906.92
5,426.77
11,,771.02
13,438.13
$ 4,901.67
377.49
3,064.57
$ 8,343.73
279-.80
3,881.52
$ 365,555.80
494,300.26
Appropriations
$ 17,358.00
3,357.00
304930.00
5,715.00
$ 57,360.00
23;756.00
44;600.00
.2,340.00
55;230.00
50;1880.00
i
$ 2,400.00
1,600.00
3,675.00
7;'675.00
$ 5;200.00
6,072.00
760.00
15;032.00
4,060.00
5, 700.00
12;000.00
14;'000.00
$ 5,;300.00
;470.00
3.300.00
9,;070.00
380.00
000.00
70 18 8.00
$ 4959'950.00
Unexpended
Balance
$ 176.47
151.02
164.90
417.37
$ 909.76
122.78
111.10
191.57
.217.79
306.39
$ 47.45
12.28
233.88
$ 293.61
$ 105.97
104.46
152.57
$ 363.00
153.08
273.23
228.98
561.87
$ 398.33
92.51
235.43
$ 726.27
100.20
118.48
.20
$ 1,649.74
-18-
PROTECTION OF PERSONS AND PROPERTY
Police protections
Personal services
Contractual services
Commodities
Fixed charges
Fire protection:
Personal services
Contractual services
Commodities
Fixed charges
Civilian defense
Public health:
Personal services
Contractual services
Commodities
Fixed charges
Animal control
GENERAL FUND
EXPENDITURES (Cont'd)
TOTAL POLICE. PROTECTION
TOTAL FIRE PROTECTION
TOTAL PUBLIC HEALTH
Inspections:
Personal services
Contractual services
Commodities
Fixed charges
TOTAL INSPECTIONS
TOTAL PROTECTION OF PERSONS AND PROPERTY
Disbursements
$ 226,075.41
4,640.86
2,739.64
46,980.00
280,435.91
$ 116,260.10
1,979.41
.2,683.64
18 60.00
139,883.15
1,533.44
$ 12,650.52
1,042.13
1,475.80
1,668.00
16,836.45
12,090.25
$ 19,703.78
1,759.98
329.97
4,236-00
26,029.72
$ 476,808.93
Encumbrances
$ '202.55
334.14
5 36.69
$ 298.84
34.36
333.20
8.00
$ 74.40
47.99
$ 122.39
1,127.25
$ 100.13
22.35
122.48
2,250.01
NON- DEPARTMENTAL
Contingencies $ 4,758.56
Settlement of suits 409.40
Special assessments on Village park property 26 07.01
TOTAL NON- DEPARTMENTAL 31,574.97 $ -
CENTRAL SERVICES
See separate schedule attached 7,701.39 . 77.62.
TOTAL OPERATING EXPENSES $1,1819748.02 29,558.79
Expenditures
$ 226,075.41
4,843.41
3,073.78
46.980.00
$ 280,972.60
$ 116,260.10
2,278.25
2,718.00
18,960.00
$ 140,216.35
1,541.44
$ 12,650.52
1,116.53
1,523.79
1,668.00
$ 16,958.84
13,217.50
$ 19,703.78
1,860.11
352:.32
4,236.00
$, 26,152.21
$-
479,058-94
$ 4,758.56
409.40
26,407.01
$ 31,574.97
17,079.01
$1,211,306.81
Appropriations
$ 226;595.00
4,900.00
3,200.00
460980.00
6 2811-675.00
$ 115;464.00
2,066.00
2,500.00
18,960.00
$ 138,990000
1,761.00
$ 12;780.00
1,158.00
1,625.00
1,668:00
$ 17,231.00
13,154.00
$. 19,930.00
2,000.00
403000
4,236.00
$ 26,569-00
$ 479,380.00
$ 4,600.00
500,00
26,500.00
$ 31,600.00
16,356.00
$1,218,849.00
Unexpended
$ 519.59
56.59
126.22
702.40
$ 796.10#
212.25#
218.00#
$ 1,226.35#
219.56
$ 129.48
41.47
-101.21
$ 272.16
63.50#
$ 226.22
139.89
50.68
16.7
321.06
$ 158.56#
90.60
92.99
$ 25.03
723.01#
$ 7,542.19
-19-
GENERAL FUND
EXPENDITURES (Cont'd)
CAPITAL OUTLAY
Administration - general government
Finance
Election
Assessing
Administration
Engineering
Public works
Police
Fire
Public health
Inspections,
Contingencies
Special.assessment on Village property
Unallocated capital-outlay
Site improvement - garage
TOTAL CAPITAL OUTLAY
RESERVE FOR COMMITMENTS
Mayor and Council
- General engineering
Public works
Police protection
Fire protection
Capital improvements
TOTAL RESERVE FOR COMMITMENTS
..TOTAL
# Indicates red figure.
: Disbursements
$ 395.80'
1,624.00
83.00
4,172.20
25,304.60
4,892.84
2,971.51
365.29
696.50
13,353.34
4,693.15
16,932.90
25,403.52
100,888.65
$1,282,636.67
.,Encumbrances Expenditures
I 395.80
1,624.00
83.00
i
#'19,515.30, I
223.00
157.25
300.00
7,989.51#
12,206.04
$ 900.00
1,000.00
10,000.00
3,500.00
4,000.00
50,000-00
69,400-00
$111;164.83
4,172.20
44,819.90
5,115.84
3,128.76
365.29
996.50
5,363.83
4,693.15
16,932.90
25,403.52
$ 113,094.69
$ 900.00
1,000.00
10,000.00
3,500.00
4,000.00
50,000-00
i $ 69,400.00
$1,393,801.50
Aooropriations
$ 247.00
400.00
1,660.00
' 87.00
300.00
4;200.00
45,050.00
5 ,'562.00
3,,187.00
400.00
1.,.100.00
5," 400.00
4900.00
17,849.00
26,000.00
$ - 1169342.00
$ 900.00
1,000.00
10,000.00
3,500.00
4,000.00
50,000.00
$ 69,400.00
$1,404;591.00
Unexpended
Balance
$ 247.00
4.20
36.00
4.00
300.00
27.80
230.10
446.16
58.24
34.71
103.50
36.17
206.85
916.10
596.48
$ 3,247.31-
$
$10,789.50
-20-
General:
Contractual services
Commodities
Village Hall:
Personal services
Contractual services
Commodities
Central services
Garage
Equipment operations
Personal services
Contractual services
Commodities
Fixed charges
Gasoline and fuel oil
Tires and tubes
Lubricants
Parts and accessories
GENERAL FUND
CENTRAL.SERVICES
VILLAGE. OF EDINA
Year Ended December 31, 1965
TOTAL GENERAL
TOTAL VILLAGE HALL
TOTAL EQUIPMENT OPERATION
Less allocations to other departments or funds
TOTAL
* Indicates red figure.
Disbursements
$113,291.64
116.62
118,408.26
$ 8,432.55
8,684.75
1;658.77
936.00
19,712.07
15,339.78
$ 33,630.38
14,484.90
7,446.4Q
14,664.00
17;973.16
3,912.66
2,870.93
26 0 0.8
§121,013.28
274,473.39
266,772.00
$ 7,701.39
Encumbrances
$. 920.33
1,376.31 .
$ 884.20
270.49
1,154.69
1,148.41
$,
1,005.47
811.63
1,360.00
217.08
396.39
1,629.24
$5,698.21
$9', 377.62
$9,377.62
Expenditures
0114,211.97
5,572660
$119,784.57
$ 8,432.55
99568.95
11929.26
: 936.00
$ 20,866:76_.
- 16,488.19
$ 33,908.78
15,490.37
8,258.03
14,664.00
19,333.16
'4,.129.74
3,267.32
27,660.09
126 711.
283,851.01.
266,772.00
$ 17,079.01
i
i
Appropriations
$113,608.00
5,480.00
$119,088.00
$ 8,520.00
9,660.00
2,000.00
.936.00
t21,116.00
15,972.00
33,968.00
15,500.00
8,300.00
14,664.00
.19,350.00
.4,150.00
3,3,00.00
27 720.00
$126,952.00
$283,128.00
i
266.772.00
$ 16,356.00
I
Unexpended
Balance
$603.97#
2.60#
96.57#
$ 87.45
91.05
70.74
$249.24
516.19#
$ 59.22
9.63
41:97
16.84
20.26
32.68
59.91
$723.01#
$723.01*
21_
Land
Land improvements
Buildings
Furniture and fixtures
Equipment:
Highway
Police
Fire
Election
Engineering
Traffic signals
Executive
Miscellaneous
GENERAL FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 319 1965
TOTAL
Balance
January 1,
1965
$ 253,778.16
104,082.71
672,077.42
51,435.91
328,869.08
37,695:84
83,612.29
80,017.93
24,355,64
56,745.67
1, 8'34.15
31,431.04
$1025,935.84
Additions
$ 5,538.0.8
29.,691.67
11,983:25
3,352.68
49,719.92
8,615.84
3,128.76
16,240.00
4,272.15
`'7,9$9.51
135.79
$140,667.65
Deductions
$ 796.00
11,191.66
8,514.81
$20,502.47
Balance
,December 31,
1965
$ 259,316.24"
133,,774.38,
684,060.67
53,992.59
367,397.34
37,796:87
.86,741.05
9.6,257.93
28,627.79
64,735.18
1,834:15
31,566 83
$1,846,101.02
22—
POOR FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1965
ASSETS
Cash on deposit
Investments:
Village of Edina — 2.7% Improvement Bonds of 1958
at face value
Village of Edina — 2.3% Waterworks Revenue Bonds
at 1955 at face value
Village of Edina- '- - -2.5% Waterworks Revenue Bonds
of 1955 at face value
Federal Intermediate Credit Bank Debentures — 4.6% at
face value
Receivables:
Relief grant — State of Minnesota
LIABILITIES AND SURPLUS
Accounts payable
Surplus — unappropriated
3 2,624.75
$5,000.00
6,000.00.
4,000.00
5,000-00 20 ,000.00
35.00
$22,659.75
$ 172.28
22,487.47
$22,659.75
—23-
POOR FUND
STATEMENT OF SURPLUS — UNAPPROPRIATED
VILLAGE OF EDINA
Year Ended December 31, 1965
Balance at January 1, 1965 ;20,503.22
Additions:
Net income for year 1,984.25
Balance at December 31, 1965 $22,487.47
STATEMENT OF REVENUES AND EXPENDITURES
Disbursements and accruals:
Suburban Hennepin County Relief Board:
Relief orders
Administration
Rural Hennepin County Nursing Committee
Professional services
$ 2,338.63
519.96
7,552.78
175-00
J10,586-37
NET INCOME $ 1,984.25
$ 3,722.88 $ 1,384.25 #`
765.56 245.60E
79552.77 .01
100.00 75.00
$12,141.21 $ 1,554.84#
$ 29638.15 $ 653.90*
-24-
Year Ended
.December 31
Increase
1965
1964
Decrease*
Revenue receipts and accruals:
Tax settlements
$12,130.13
.$12,233.08
$ 102.95#
Relief grants — State of Minnesota
67.49
81.76
14.27#
Income on investment
373.00
373.00
—
Reimbursement from other
governmental agency
—
2.091.52
2,091.523E
$12,570.62
14,779.36
$ 2,208.74*
Disbursements and accruals:
Suburban Hennepin County Relief Board:
Relief orders
Administration
Rural Hennepin County Nursing Committee
Professional services
$ 2,338.63
519.96
7,552.78
175-00
J10,586-37
NET INCOME $ 1,984.25
$ 3,722.88 $ 1,384.25 #`
765.56 245.60E
79552.77 .01
100.00 75.00
$12,141.21 $ 1,554.84#
$ 29638.15 $ 653.90*
-24-
POOR FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1965
Balance at January 1, 1965
4,609.58
Additions:
Tax settlements received:
March 19.65
$ 683.99
June 1965
59916.06
November 1965
5,530.08
129130.13
Relief grants - State of Minnesota
67.49
Income on investments
373.00.
Decrease in accounts receivable
858.64
Increase in account payable
172.28
13,601.54
$18,211.12
Deductions:
Payment to Suburban Hennepin County
Relief Boardo
Relief orders $ 2,338.63
Administration 519.96 2,858.59
Rural Hennepin County.Nursing Committee 7,552.78
Professional service 175.00
Purchase of investments 5,000.00 .15.5 6.37
Balance at December 31, 1965 $ 2,624,75
—25—
PARK FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1965
ASSETS
Cash:
Demand deposits
Investments:
Federal Intermediate Credit Bank Debentures —
4.6% — at face value
Receivables:
Taxes receivable — delinquent.
Less allowance for delinquent taxes
Inventory of supplies — estimated
Fixed assets
LIABILITIES AND SURPLUS
Liabilities:
Trade accounts payable
Accrued salaries and wages
Due to General Fund
Unexpended contributions for specific purposes:
Landscaping buffer strip west of library
Cascade pumping
Dwight Williams Memorial Park
Wooddale Park — improvements and recreation program
Cornelia Lake Park — improvement
Normandale Park — improvement
Edina Swim Club
Hockey equipment
Park District No. 2
Park District No. 3
Park District No. 4
Park District No. 5
Figure skating and skiing instructors' salaries
Other
Appropriated surplus:
Invested in fixed assets
Contributed:
Property and special assessment paid
by General Fund
Property donated by others
Surplus — unappropriated
$ 1,435.98
1,435.98
$ 207.53
3.97
491.77
1,416.31
275.00
318.69
146.47
500.00
6,185.00
2,150.00
3 X400.00
500.00
7,496.32
153.00
$190,753.38
$219,008.80
10,558.66 229,567.46
$ 39144.54
309000-00
600.00
1,.20 , 320.84
$4549065-238
$ 2 ,447.97
1,065.72
10.12
23,244.06
420,320.84
6,976.67
$454,065.38
-26-
PARK FUND
STATEMENT OF UNAPPROPRIATED SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1965
Balance at January 1, 1965
$ 1,319.61
Additions:
Revenue for year (see separate schedule for details) $153,760.64
Less amount transferred to revenue included in
the above 1.000.00 152.760.64
$ 154,080.25
Deductions:
Expenditures for year (see separate schedule for details) 147,103.58
Balance at.-December 31, 1965 $ 6;976.67
ANALYSIS OF SURPLUS INVESTED IN FIXED ASSETS
—27—
Contributed
By General
Fund by
Direct
Payment of
Investment
Special
in Fixed
Combined
Assessments By Others
Assets
Balance at January 1, 1965
$384,894.37
$192,601.79 $ 10,338.66
$181,953.92
Additions for the year:
Special assessments paid
by General Fund
26,407.01
26,407.01
From unappropriated surplus
89799.46
89799.46
Donated
220.00
_... 220.00
Balance at December 31, 1965
$420,320.84
$219,008.80 $ 10,558.66
$190,753.38
—27—
PARK FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1965
Balance at January 1,1965
Additions:
Receipts for year (see separate schedule for details)
Registration fees - figure skating and skiing
Dedicated funds:
Normandale Community Service Council 100.00
Donation for hockey equipment 500.00
Deductions:
Disbursements for year (see separate
schedule for details)
Expenses — figure skating and skiing
Payment on accruals at December 31, 1964:
Trade accounts
Accrued salaries and wages
Due to General Fund
Purchase of investment
Payment from dedicated fund
$152,757.80
7,457-50
600.00
$143,576.93
4,601.75
$3,695.11
783 .'32
588.71 5,067.14
30,000.00
220.00
Balance at December 31, 1965
$ 25,795.06
160,815-30.
$1869610436
183,465.82
$ 3,144.54
02$—
PARK FUND
REVENUE AND EXPENDITURES
VILLAGE OF EDINA
Year Ended December 31, 1965
REVENUE
Recreation:
Baseball and softball
$ 4,291.37
$ 4,291.37
$ 4,325.00
Actual
Skating and hockey
6,029.23
$1,125.62
7,154.85
71600.00
Revenue
Tennis instruction
1,011.90
11011.90
1,050.00
Over- Under*
Playgrounds
10,086.12
78.30
109164.42
Estimated
Estimated
Swimming instruction
Receipts
Accruals
Reven!A e
Revenue
Revenue
Real and personal property
3,946.21
3,946.21
4,150.00
203.79
taxes
71,289.67
$1,203.92
$ 719289.67
$ 72,000.00
$ 710.33*
Registration fees
219872.67
21,872.67
23,000.00
1,127.33*
Transfer-from active funds
589066.00
58,066.00
58,066.00
-
Transfer from unappro-
10,411.52
10,411.52
11,108.00
696.48
priated surplus
3979942
$1,000.00
19000.00
19000.00
-
Other revenue
1,529.46
2.84
1,532.30
750.00
782.30
TOTAL REVENUE
$152,757.80
$1,002.84
$153,760.64
$1549816.00
$19055.36#
EXPENDITURES
11,859.85
582.03
12,441.88
129460.00
18.12
Skating rinks
Disburse-
Encum-
Expendi-
Appropri-
Unexpended
TOTAL MAINTENANCE
ments
brances
tures
ations
Balance
Administration:
$1439576.93
$3,526.65
$147,103.58
$154,816.00
$7,712,42
Personal services
$ 23,397.98
$ 23097.98
$ 239580.00
$ 182.02
Contractual services
19229.08
19229.08
1,335.00
105.92
Commodities
62.69
62.69
- 125.00
62.31
Central services
11,628.00
11,628.00
11;628.00
-
Training
14.89.
14.89
200.00
185.11
Paid leave
5,281.56
231.04
5,512.60
6,145.00
632.40
TOTAL ADMINISTRATION
$ 41,614.20
$ 231.04•
$ 41,845.24
$ 439013.00
$1,167.76
Capital outlay
89207.46
592.00
8,799.46
99175.00
375.54
Recreation:
Baseball and softball
$ 4,291.37
$ 4,291.37
$ 4,325.00
$ 33.63
Skating and hockey
6,029.23
$1,125.62
7,154.85
71600.00
445,.15
Tennis instruction
1,011.90
11011.90
1,050.00
38.10
Playgrounds
10,086.12
78.30
109164.42
10,450,00
28538
Swimming instruction
11,257.63
11,257.63
11,775.00
517.37
Special activities
3,946.21
3,946.21
4,150.00
203.79
TOTAL RECREATION
$ 369622._,.46
$1,203.92
$ 379- 826.38
$ 39,350.00
$19523.62
Maintenance:
Mowing
$ 10,677.68
$ 10,677.68
$ 11,924.00
$1,246.32
Special turf care
10,411.52
10,411.52
11,108.00
696.48
Planting and trees
3979942
$ 35.16
3,834.58
4,360.00
525.42
Litter removal
29657.35
10.12
2,667.47
3,260.00
592.53
Parking areas
686.21
686.21
1,650.00-
963.79
Building and equipment
11,859.85
582.03
12,441.88
129460.00
18.12
Skating rinks
17,040.78
872-38
17,913.16
18,516.00
602.84'
TOTAL MAINTENANCE
$ 57,132.81
$1,499.69
$ 58,632.50
$ 63,278.00
g4.645-50
TOTAL.EXPENDITURES
$1439576.93
$3,526.65
$147,103.58
$154,816.00
$7,712,42
29-
PARK FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1965
La nd
Skating rinks
Land improvements
Building
Park equipment
Furniture, fixtures and equipment
Trucks, automobile and tractors
Miscellaneous
Construction in progress:
52nd and Arden
50th and Wooddale
East Mirror Lake
57th and Chowen
9
Balance
131.26
Balance
January 1,
3,785.72
December 31,
1965
Additions
1965
$.90,806.64
$ '90,806 -.64
5,812,:03
5,812.03
209,722.24
$26,407-.01
236,129.25
4,042.32
4,042.32
449529.52
1,241.50
45,771.02
1,641.79
405.99
2,047.78
18,258.97
6,906.32
259165.29
• 3,577.67
465.65
4.043.32
$378,391.18
35,426.47
$4139817.65
131.26
131.26
29324.85
29324.85
3,785.72
3,785.72
261.36
261.36
TOTAL $384,894.37 $35,426.47 $420,320.84
-30-
SWIMMING POOL FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1965
ASSETS
Cash:
Demand deposits
Fixed assets — at cost':
Land
Swimming pool and bathhouse
Filter system
Concession furn.itur_e and fixtures $3,802.37
Less allowance for depreciation 2.122.82
LIABILITIES AND SURPLUS
Payables:
Trade accounts
Due to Park Sinking Fund
Surplus invested in fixed assets:.
Acquired by bonds
Acquired by surplus
Donated
Unappropriated surplus (deficit)
See note to financial statements.
$ 531.92
$ 10,000.00
184,9026.67
17,000.00
1.679.55 212,706022
$213,238.14
$209,431.89
3,224.33
50.00
$ 29.11
11,465.25
$ 11,494.36
212,706022
( 100962°44)
$2139238.14
31—
SWIMMING POOL .FUND
STATEMENT OF SURPLUS.
VILLAGE OF EDINA
Year Ended December 31, 1965
Balance at January 1, 1965
Transfers and deductions:
Net income for year
Add interest provided for
at December 31, 1964
included in operations
Provision for depreciation
Reversal of prior years
provision for depreciation —
Note
Allocated to Sinking Fund
for bonds
Balance at December 31, 1965
* Indicates red figure.
See note to financial statements.
Invested in Fixed Assets
Unappro— From From
Total priated Donated Surplus Bond Fund
$155,731.34 $10,410.16# $50.00 $2,791.56 $1639299.94
3,400.98 3,400.98
7,131.75 7,131.75
$166,264.07 122.57 $50.00 $2,791.56 $163,299.94
$ - $ 380.24' $ 380.24#
46,944.96
813.01 46,131.95
11,465.25 11,465.25#
$
35,479.7-1 11 08 ,.01* $ 432.f $ 46,131.95
$201,743.78 $10,962.44i� $50.00 $3,224.33 $209,431.89
32_
SWIMMING POOL FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1965
Balance at January 1, 1965
Additions:
Pool fees
Concession income (see separate schedule)
Add provision for depreciation not
requiring cash
Other revenue
Deductions:
Operating. expense (see separate schedule)
Less accounts payable at December 31, 1965
Payment made on accruals at December 31, 1964
$38,227.67
$1,242.46
380.24 19622.70
798.15
$29,735.55
29.11
$29,706.44
11,829.66
Balance at December 31, 1965
$ 1,419.50
40,648.52
$42,068-02
41,536.10
$ 531.92
33®
SWIMMING POOL FUND
STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
Year Ended December 31, 1965
Revenues:
1,145.00
Repairs and maintenance
Pool fees:
Cleaning supplies
315.73
Season tickets
Water treatment
$34,038.50
'General admissions
1,718.77
4,189.17
$389227.67
Rental — instruction program
Annual audit
750.00
Other
Printing and office expense
295.14
�g =1
Central services
19176.00
$39,025.82
Operating expenses:
29.735-55
Salaries and wages:
Interest on bonds
7;131.75
Supervision and clerical
$39000.25
$ 2,158.52
Income from concessions — see separate schedules
Life guards
8,948.04
NET INCOME FROM OPERATION
Cashier
961.26
Basket room attendants
31074.25
Watchman
903.00
Maintenance
2,248.33
$19,135.13
Gas
$91.94
Light and power
1045.71
Water and sewer
177.62
Telephone
126.11
Rubbish hauling
150.00
Insurance
1,145.00
Repairs and maintenance
538.51
Cleaning supplies
315.73
Water treatment
1,898.84
Sand blasting — filter house
1,718.77
General supplies
561.85
Annual audit
100.00
Printing and office expense
295.14
Central services
19176.00
Other
159.20
29.735-55
9,290.27
Interest on bonds
7;131.75
$ 2,158.52
Income from concessions — see separate schedules
1,242.46 '
NET INCOME FROM OPERATION
$_ 39400.98
See note to financial statements.
—34—
SWIMMING POOL FUND
STATEMENT OF INCOME AND EXPENSE (CONCESSIONS ONLY)
VILLAGE OF EDINA
Year Ended December 31, 1965
Operating expenses:
Salaries and wages:
Manager $ 526.64
Clerks 1,333.50 19860.14
Repairs and maintenance 141:2Q
Equipment rental 30.00
Laundry 54,90
Supplies 131.74
Provision for depreciation 380.24 2,598.22
NET INCOME $1,242.46
—35—
Gross
Profit
Cost of
Per Cent
Sales
Sales
Amount
to Sales
Soft drinks
$1,150,00.
$ 695.75
$ 454.25
.39.50%
Soft ice cream
2.9620.80
1,315•.50
19305.30
49.81
Popcorn
1,424.07
311.61
1;112.46
78.12
Sandwiches
513.00
173.49
339.51
66.18
Cupcakes and pies
1;686.80.
1,057.64
629.16.
37.30
$79394.67
$39553.99
$39840.68
51,94%
Operating expenses:
Salaries and wages:
Manager $ 526.64
Clerks 1,333.50 19860.14
Repairs and maintenance 141:2Q
Equipment rental 30.00
Laundry 54,90
Supplies 131.74
Provision for depreciation 380.24 2,598.22
NET INCOME $1,242.46
—35—
SWIMMING POOL FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1965
ASSETS
La nd
Swimming pool and bathhouse
Filter system
Concessionjurniture and equipment
ALLOWANCE FOR DEPRECIATION
Swimming pool and ba.thhouse.-
Filter system
Concession furniture and equipment
Balance
Balance
January 1,
Transfers
December 31,
1965 Additions
In- O__�ut # #.
1965
10 ,000.00
10 ,000.00
183,792.03
234.64
1849026.67
17,000.00
179000.00
-4,037-01
234.64 *
3,802.37
$2149029.04 $ -
-
$2149829•Q4
NET BALANCE
359765.93 $359765.93 #(A)$ -
119050.00 11,050.00 #(A)_$ -
1,871.61 9380.24 129.03*(A)$ 2,122.82
9 48.687..54 $380.24 $46,944.96# 2,122.82
$166.,141.50 $212,706.22
Note A - Reversal of prikor years provision for depreciation transferred to surplus.
See note to financial statements.
- 36-
GOLF COURSE FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1965
ASSETS
Cash:
On deposit
Time deposit
Working funds
Investments:
Federal Intermediate Credit Bank
Debentures - at cost
Accrued interest receivable
Accounts receivable
Prepaid expenses
Fixed assets - at costs
Golf course
Buildings
Well
Parking lot and roadways
Equipment
Less allowance for depreciation
Construction in progress
LIABILITIES, RESERVE AND SURPLUS
Accounts payable'.
Due to other funds
Loan from other funds:-.
Liquor Dispensary Fund
Park Construction Fund
Bonds payable
Reserve for debt service
Surplus - deficit*
See note to financial statements.
$57,404.68
7.463.60
$ 3,422 -.48
70,000.00
50.00
30,000.00
1.040.56
$710,733.66
180,489.31
15,018.15
9,627-32
49.941.08
$965,809.52
6,502.36
502.36
$185,000-00
6,5 ,000.00
$, 73,472.48
31,040.56
941.23
108.93
972,311.88
$19077 9875.08
$ 1,918.37
46,102.79
-250,000-00
825,000.00
52 , 300.00
97.446.08*
$19077,875.08
—37—
GOLF COURSE FUND
STATEMENT OF SURPLUS - DEFICIT'
VILLAGE OF EDINA
Year Ended December 319 1965
Deficit at January 19 1965
Net loss for year
See note to financial statements.
$81,223.32
16,222.76
Deficit at December 31, 1965 $97,446.08
-38-
GOLF COURSE FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1965
Balance at January 1, 1965 $ 129821.81
Additions:
Sale of investments
$1109000.00
Revenue - see separate schedule-
112,808.73
Net income - operating department - see
separate. schedule
$ 69043.10
Add depreciation included therein
not requiring cash
1,566.61
$ 7,609.71
Less amount due from pro -shop for rent
125.88
7,483.83
Income on investments
19972.04
Decrease in working fund
100.00
Net amount received from insurance settlement.
933.15.
Payment received on sale of inventory and
equipment to golf -pro
893.10
Decrease in prepaid expenses
441.67
Payment received on accounts•receivable
at December 31, 1964
82.10
234.714.62
$2479536.43
Deductions:
Investments purchased
$ 409000.00
Purchase of fixed assets
79179.07
Payment to fiscal agent:
Interest
$ 269400.00
Service charge
66.00
26,466.00
Certificates redeemed
68.00
Operating expenses — see separate schedule
$101,498.40
Less amount due General Fund
690.79
$1009807.61
Accounts payable at January 19 1965
1 07.2
102,214.85
Less accounts payable at Dec'ember'34.1965
1,978.37
1009236..48
Other
164.40
174.113.95
Balance at December 319 1965
$ 73942248
Summary:
Demand deposit $ 31422.48
Time deposit 70,000.00
TOTAL $739422.48
—39—
GOLF COURSE FUND
STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
Year Ended December 319 1965
Revenue:
Membership fees x.16,255.00
Green fees:
Regular course $829986.48
Short course 11,194.59 94,181.07
Locker rental .19950.00
Other 422.66
$1129808.73
Operating expenses:
Administration:
Salaries and wages:.
Manager
69800.00
Rangers and starter
39533.78
Cashiers and clerical
112605.55
Audit
300.00
.Printing
29169.25
Supplies
184.02
.Insurance and alarm system
367.85
Retirement, insurance, office supplies, etc.
49944.00
Travel and mileage.
274.21
Other
67.00
19,911.88
Building - club house and pro -shop:
Salaries. and wages
$ 19179.74
Utilities:
Telephone
$ 620.26
Water
346.15
Fuel
971.62
Light and power.
709.29
$2,647.32
Less amount charged to grill
794.20
19853.12
Insurance
282.18
Repairs — heating and plumbing
974.28
Repairs - building
807.74
Electrical work
233.16
Laundry
151.11
Supplies
670.21
Rubbish hauling
420.00
Other
406.39
69977.93
-40-
GOLF COURSE FUND
STATEMENT OF INCOME AND EXPENSE ( Cont'd)
Operating expenses (cont'd):
.Maintenance of course and grounds:
Salaries and wages:
Superintendent
Maintenance
Equipment rental
Telephone
Light and power
Fuel
Fertilizer and chemical
Sod, black dirt and seed
Sand, gravel and rock
Blacktop and asphalt
Repairs — water system
Snow removal — greens
Pipes, cement and blocks
Supplies
Lumber
Course equipment
Equipment operation
Other
Net income - operating departments —
see separate schedule
Income on investments
INCOME BEFORE
Interest on bonds
Interest on loan — Liquor Dispensary Fund
Provision for depreciation
See note to financial statements.
$ 7,800.00
33 ,102.79
$40,902.79
326.80
220.65
2,483.1+6
413.00
6 ;909.06
2,996.02
1,752.63
3,987.41
2,025.03
250.00
613.85
1,043.57
328.01
232.75
9,900.00
223.56 $74,608.59
$ 6,043.10
3,012.60
INTEREST AND DEPRECIATION
$26,466.00
6,475.00
LOSS BEFORE DEPRECIATION
NET LOSS
$101,498-40-
$ 11,310.33
9,055.70
$ 20,366.03
32,941-00
$ 129574.97
3,647.79
$ 16,222.76
-41-
GOLF COURSE FUND
STATEMENT OF INCOME AND EXPENSE — OPERATING DEPARTMENTS
VILLAGE OF EDINA
Year Ended December 319 1965
Driving range:
Revenue
Less operating expenses:
Salaries and wages
Rental equipment
Replacement — balls
Other supplies
Provision for depreciation
Grill:
Sales
Food
Beer
Other
Less cost of goods sold:
Food
Beer
Less operating expense.:
Salaries and wages:
Manager
Cooks, waiters and waitresses
Insurance — liability
Laundry
Dishes, napkins, tools, etc.
Repair work
Cleaning supplies
Utilities —'pro -rated
Provision for depreciation
Other
Village share of pro —shop profit in lieu of rents
* Indicates loss.
See note to financial statements.
9,772.19
$ 2,067.36
104.23
850.00
412.58
645..55 4,079.72 $5,692.47
$18,483.70
79248.32
.1,168.20
$26,900.22
$ 9,594.76
1,914.90 11,509.66
$15,390.56
$ 4,820.10
7,186.86
$12,006.96
321,50
666,58
1,719.82
265.48
233.49
794.20
921.06
36.72 16,965.81
1,575.25#
1,925.88
NET INCOME
$6,043,10
-42-
GOLF COURSE FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 319 1965
ASSETS
Golf course
Buildings:
Club house
Maintenance building.
Range building
Well
Parking lot and roadways
Equipment:
Golf course equipment
Rental equipment
Club house equipment
Pro —shop equipment
Range equipment
Concession equipment
Con 'struction in progress
ALLOWANCE FOR DEPRECIATION
Golf course equipment
Rental equipment
Club house equipment
Pro —shop equipment
Range equipment
Concession equipment
NET BALANCE
See note to financial statements.
Balance
Balance
January 1,
December 319
1965
Additions
Deductions-
1965.
$ -
$710,7j3.66--
$7109733.66
$ -
$173,038.75
$1739038.75
-
6,491.92
6_9491.92
958.64
958.64
$ -
$180,489-31
—
159018.15
15,018.15.
-
9.,627.32
9,627.32
$279339.48
$ 5,283.34
$ 329622.82
781.56
$781.56
-
29448.20
5,652.71
8,100.91
19712.58
631.06
2,363.64
2,715.00
2,050,93
4,765.93
8,869.68
681.70
.551.38
$43.,866.50
3 14.319.74
"781. 6
57.404..g
973,273.12
443,866.50
$930,188.18
781;56
634.47
5,867.89
6,502.36
944,500.97 $936,056.07 $781.56 0979,775.48
$ 1,366.97 $ 2,998.12 $ 4,365.09
78.16 $ 78:16
81.61 445.85 527.46
85.63 203.82 289.45
271.50 645.55 917.05
443.49 '921.06 1,364.55
22j27-36 $ 5,214.40 $.78.16 $ :7,463.60
$42,173.61 $972,311.88
—43—
GOLF COURSE FUND
BONDS PAYABLE
VILLAGE OF EDINA
December 31, 1965
Annual maturity and interest date
Interest rate
Year
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
December 1
and June 1
2.5% to 3.5%
25,000.00
25,000.00
25,000.00
25,000-00
25,000.00
35,000.00
35,000.00
359000-00
35,000.00
35,000-00
35,000.00
40,000.00
1+09000.00
40,000.00
40,000.00
40,000.00
40,000-00
50,000.00
50,000.00
50,000.00
50,000.00
50.000.00
TOTAL $825,000.00
M
RECREATION CENTER FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1965
ASSETS
Cash:
On deposit
Time deposit
Working fund
Accounts receivable
Merchandise inventory — at cost
Advance to Park Construction Fund
Fixed assets — at cost:
Furniture and equipment
Less allowance for depreciation
LIABILITIES, RESERVE AND SURPLUS
Accounts payable
Accrued payroll
Accrued interest
Deferred income
Bonds payable
Reserve for debt service
Surplus:
Contributed invested in fixed assets
Invested in fixed assets
Unappropriated — deficit*
See note to financial statements.
$18,984.95
30,000-00
$48,984.95
223.45
$13,509.92
675.50
$10,524-10
2,310.32
$ 499208.40
673.40
583.66
450,000.00
12,834.42
$513,299.88
$ 6,525.06
1,384.27
4,696.67
$ 12,606.00
9,740,00
450,000.00
36,500.00
12,834.42
8,380.54*
$513,299.88
—45—
RECREATION CENTER FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1965
# Indicates deficit.
See note to financial statements.
Contributed
Unappro-
Invested in
Invested in
.priated
Fixed Assets
Fixed Assets
Additions:
Equipment donated by individuals
$119078.00
Fixed assets purchased
$2,431.92#
$2,431.92
Deductions:
Net loss for year
6.624.12
$9,056.04#
$2,431.92
$11,078.00
Transfer:
Provision for depreciation
675.50
121.60#
553.90#
Balance at December 31, 1965
$8,380.54#
$29310.32
$109524-10.
# Indicates deficit.
See note to financial statements.
RECREATION CENTER FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1965
Balance at January 19 1965
Additions:
Proceeds from bond sale $4509000.00
Transfer from Permanent Improvement
Revolving Fund 369500.00
Increase in deferred income 99740.00
Revenue - see separate schedule 89864.92
Income on investments 396:67
Deductions:
Advance to Park Construction Fund
$4509000.00
Fixed assets acquired
$139509.92
Less equipment donated
11.078.00
29431.92
Increase in working fund
223.45
Increase in inventory
583.66
Operating expenses — see separate
schedule
$ 99651.54
Less liabilities at December 319
1965:
Accounts payable
$ 69525.06
Accrued payroll
1.3 84_27
7.909.33
19742.21
Cost of bond sale
862.00
Increase in accounts receivable
673.40,,
Balance at December 319 1965
Summarys
Demand deposit
$189984.95
Time deposit
30.000.00
TOTAL $489984.95
505.501.59
$5059501:59
.456.516.64
$ 489984:95
-47-
RECREATION CENTER FUND
STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
Year Ended December 319 1965
Revenues:
Season tickets
03,400.00
Daily fees
Utilities
1,280.00
Spectator fees
Cleaning supplies
114.94
2,406.95
Ice rental
1,197.26
590.00
Other
Unclassified
,83.07
9,651.54
$8,060.02
Concession income
$2,703.53
Less operating expenses:
$ 389.95#
Cost of bond sales
Cost of food sold
$ 997.58
LOSS BEFORE INTEREST AND DEPRECIATION
$1,251.95#
Salaries and wages
436.68
4,696.67
Supplies and expense
464.37
1,898.63
804.90
675.50.
NET LOSS
$8,864.9-2
Less operating expenses:
See note to financial statements.
Administration:
Salaries and wages:
Manager
$1,350.00
Cashiers, ticket takers and clerical
469.67
Guards
135.07
$1,954.74
Telephone
98.15
Mileage and expenses
86.08
Printing
835.50
Tickets
187.50
General supplies
347.67
Unclassified
54.90
$3,564.54
Ice maintenance:
Salaries and wages
$1,505.60
Supplies and expenses
383.80
19889.40
Building maintenance:
Salaries and wages
$1,530.30
Utilities
694.35
Cleaning supplies
114.94
General supplies
1,197.26
Lumber and paint
403.47
Unclassified
257.28 4,197.60
9,651.54
$ 786.62#
Income on investments
396.67- -
$ 389.95#
Cost of bond sales
862.00
LOSS BEFORE INTEREST AND DEPRECIATION
$1,251.95#
Interest on bonds
4,696.67
LOSS BEFORE DEPRECIATION
$5,948.62#
Provision for depreciation
675.50.
NET LOSS
$6,624.12
# Indicates red figure.
See note to financial statements.
-48-
Annual maturity and interest date
Interest rate
Year
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
RECREATION CENTER FUND
BONDS PAYABLE
VILLAGE OF EDINA
December 319 1965
March 1 and
September l
3% to 3%
3.3%
Series A
Series B
Total
10,000.00
59000.00
15,000.00
10,000.00
59000.00
159000.00
10,000.00
59000.00
159000.00
109000.00
5,000.00
159000.00
109000.00
59000,00
159000.00
209000.00
10,000.00
30,000.00
209000.00
109000.00
30,000-00
209000.00
109000.00
30,000-00
209000.00
109000.00
301000.00
209000,00
10,000.00
30,000.00
30,000.00
159000.00
45,000.00
309000.00
15,000,00
459000.00
30,000,00
159000.00
459000,00
309000.00
159000.00
45,000.00
. 30 ,000.00
15,000-00
45,000-00
TOTAL $300,000.00 $150,000.00 $450,000.00
—49—
PARK SINKING FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1965
ASSETS
Cash:
Demand deposits
Investments:
Edina Park System Bonds - at face value
Federal Intermediate Credit Bank Debentures -
4.6% - at face value
Receivables:
Due from Swimming Pool Fund
Taxes receivable - current and delinquent
Taxes receivable - deferred
Less allowance for delinquent and
uncollectible taxes
LIABILITIES, RESERVE AND SURPLUS
Amount payable during 1966:
Interest
Bonds
Bonds payable
Less current portion - shown above
Reserve for future interest
Less current portion - shown above
Surplus - unappropriated
57,945.20
891,000.W
948,945.20
48,250.20
$ 109000.00
30,000.00
$ 119465.25
$ 309511.65
409000-00
900,695.00 912,160.25
$9829671.90
$7209000.00
30,000.00
$2319977.50
.26.027.50
26,027.50
30.000.00
56,027.50
690 ,000.00
205,950.00
30,694.40
$9829671.90
50-
PARK SINKING FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1965
Balance at January 19 1965
Additions:
Transfers:
Reserve for future interest
Reserve for uncollectible taxes
Less portion allocated to Swimming
Pool Fund
Deductions:
Payment to fiscal agents:
Interest
Service charge
Transfer to allowance for delinquent
taxes
Other
$ 26,882.50
$16,972.50
4,434.75 12,537.75
$26,120.50
102.80 $ 26,223.30
49,937.51
3.15
Balance at December 31, 1965
$ 67,438.11.
39,420.25
$106,858.36
76,163.96
$ 30,694.40
®51—
PARK SINKING FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1965
Balance at January 1, 1965
Additions:
Tax settlements received from County:
March 1965
June 1965
November 1965
Sale of investments
Payment received on amounts due from
other funds at December 319 1964
Deductions:
Purchase of investments
Payment to fiscal agents:
Principal
Interest
Service charges
Other
3,145.47
27,319,11
25,532.91
$55,997,49
30,000-00
11,631.75
$30,000.00
$ 19,108.86
97,629.24
$116,738.10
$30,000.00
26,120.50
102.80 56,223.30
3.15 86,226.45
Balance at December 31, 1965 $ 30,511.65
—52—
PARK SINKING FUND
BOND AND INTEREST MATURITIES, DEFERRED TAX LEVIES AND RESERVE FOR UNCOLLECTIBLE TAXES
Annual maturity and interest date
Interest rates
Year
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
TOTAL
* Indicates red figure.
VILLAGE OF EDINA
December 31, 1965
Bonds
40,000.00
40 ,000.00
40 ,000.00
40 ,000.00
1+09000.00
50,000.00
509000-00
50,000.00
50 , 000.00
40,000.00
509000-00
50,000-00
509000-00
50,000-00
50.000.00
$690,000.00
March 19 June 1,
September 1 and
December 1
2% to 3.90%
Excess of Deferred
Levies over
$2059950.00 $ 49950.00# $8919000.00
-53-
Bond and Interest
Deferred
Interest
Maturities
Levies
$ 249835.00
3,165.00
68,000.00
23,485.00
4,515.00
68,000.00
22,135.00
6,865.00
69,000.00
209755.00
9,245.00
70,000.00
19,375.00
10,625.00
70,000.00 .
17,810.00
3,190.00
71,000.00
16,040.00
5,960.00
72,000.00
14,230.00
7,770.00
72,000.00
12,380.00
10,620.00
73,000.00
10,530.00
12,470.00
63,000.00
8,775.00
5,225.00
64,000.00
6,825.00
8,175.00
65,000.00
4,875.00
11,125.00
66,000.00
2,925.00
52,925.00#
975.00
50,975.00#
$2059950.00 $ 49950.00# $8919000.00
-53-
PARK CONSTRUCTION FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1965
ASSETS
Cash:
On deposit
Investments — at face value:
Edina Park System Bonds
Receivable:
Due from Golf Course Fund
Loan to Golf Course. Fund
Fixed assets — at cost:
Land
Construction in progress
Equipment
'LIABILITIES AND SURPLUS
Trade accounts payable
Due to General Fund
Advance from Recreation.Center Fund
Surplus invested in fixed assets
Reserve for construction
$ 35,185.86
65 ,000.00
496,776.28
1,089,589.41
20,486-73
$ 1089255.61
16,619.97
$ 99,o4o.0z
16,000.00
100,185.86
1,606,852.42
$1,822,078.30
$ 124,875.58
450,000-00
1,156,852.42
90,350.30
$19822,078-30
-54-
PARK CONSTRUCTIONJUND
ANALYSIS OF RESERVE FOR CONSTRUCTION
VILLAGE OF EDINA
Year Ended December 31, 1965
Balance at January 1, 1965
Additions:
Transfer from Liquor Dispensary,Fund
Income on investments
Deductions:
Purchase of fixed assets
Transfers to golf course construction
Transfers to recreation center construction
95,000.00
339.17
$608,502.75
$ 28,642.15'
450,000-00 478,642-15
Balance at December 319 1965
$124,871.73
95,339.17
$220,210.90
129,860.60
$ 909350.30
-55-
PARK CONSTRUCTION FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1965
Balance at January 1, 1965
Additions:
Transfer from Liquor Dispensary Fund
Sale of investments
Advance from Recreation Center Fund
Income on investments
Deductions:
Purchase of fixed assets:
Recreation Center
Golf Course
Other
Balance accounts payabl.e_at January 1, 1965
Less liabilities at December 31, 1965:
Accounts payable
Due to General Fund
Purchase of investments
$ 95,000.00
150,000.00
450,000.00
339.17
$525,354.00
2$,642.15
54,506.60
$608,502.75
500.00
$609,002.75
$ 37,828.02
695.33
$108,255.61
16,619.97 124,875.58
$484,127.17
150,000.00 634,127.17
Balance at December 31, 1965 . $ 99,040.02
-56-
PARK.CONSTRUCTION FUND
FIXED ASSETS
VILLAGE OF EDINA
December 31,.1965
Land:
Highway 169 and Hanson Road
Hays Farm property
Coffman property
Cornelia property
Pamela Park
Jackson and Belmore Lane area
Sixty— second and Beard area
Fifty— second and Arden area
Sixty — second and Tracy area
Lake Edina Second area
Fifty —fifth and York area
Birchcrest Park
Division and Rutledge area
Normandale area
Walnut-Ridge area
Heights area
Edina Valley Estates area
Unallocated
Con9truction in progress:
Utley Park
Fifty— seventh and Chowen
Lake Cornelia area
Pamela area
Fifty— second and Arden
Normandale area
Alden Park
East .Mirror Lake area
Fifty —fifth and York
Sixty— second and Beard
Hays Farm property.
Cornelia School site
Sixty —ninth and McGuire
Division and Rutledge area
Sixty—second and Tracy area
Valley View School site
Golf course
Garden Park
Heights area
Other park areas
Recreation center
Unallocated
Equipment
15,007.09
221,475 35
12,639.48
77,512.04
2,440.00
23,487.05.
26,650.00
1 ;250.00
18,300.00
30,230-00
7,250.00
11,525.22
7,525.00
10,184.52
3,307.34
6;115.78
17,021.35
4,856.06 4969776.28.,
20,620.06
5,811..34
43 ;858.93
1- 52,016.10
16;962.28
43,367.21
29,379.87
- 54,683.01
7,549.67
11,928.33
7,077.51
36,086.42
2,335-31
32,088.96
19,278.84
6,123.44
500:00
32,337.81
19,333.47
11,927.59
525,354.00
10,969.26 1,089,589.41
20,486.73
TOTAL $1,606,852.42
i
-57-
IMPROVEMENT FUNDS
COMBINED BALANCE SHEET
VILLAGE OF EDINA
December 31, 1965
ASSETS
Cash:
Demand deposits
Time deposits
Investments
Receivables:
Special assessments:
Current — certified in 1965'— collectible
in 1966
Delinquent
Deferred
Taxes and assessments receivable — Village
share of projects:
Current and delinquent
Deferred
Less allowance for delinquent taxes
Due from State -Aid Account — State of
Minnesota
Due from other funds
Due from Construction Fund for advances
Construction in progress:
Current
Deferred
Unallocated construction cost
LIABILITIES, RESERVE AND SURPLUS
Accounts payable
Accrued interest
Future interest
Due to Hennepin County
Due to other funds
Construction contracts payable
Advance from Improvement Funds
Payable to City of Minneapolis for Village
share of sewage disposal plant
Bonds payable
Construction deposits
Reserve for assessment adjustments
Reserve for construction
Surplus — unappropriated
# Indicates red figure.
Total Elimination
$ 222,942.14
100 000.00
322,942.14
2,557,118.00
$ 1,380,817.04
303,483.78
6,394,047.55
10,758.19
302,652.49
8,391,759.05
70 678.2
7,687,080.81
140,500.00
14.10
1,454,991.43
324,296.58
117,090.32
$12,604,033.38
$ 2,027.69
62,565.21
5,500.00
11,156.15
20,918.35
324,296-58
2,085.53
10,515,000.00
70,506.51
104,008.81
27,752.25
1,458,216.30
$12,604,033.38
11,621.64
1,361,323.25
$1,372,944.89
$ 11,621.64
1,361,323.25
I
Joint
Permanent
Sanitary
;1
Improvement
Municipal
Sewer
Improvement
Sewer
Southdale
Bond
Temporary
State -Aid
Construction No. 1
Revolving
No. 53
Improvement
Redemption
Improvement
Street Bond
$ 10,179.04 $4,649.93
$ 39,153.79
$ 10,666.97
$ 3,611.88
$ 21,034.20
$ 134,39.5.15
$ 748.82#
100,000.00
10,179.04 $4,649.93
39,153.79
10,666.97
3,611.88.
121,034.20
6 134,395.15
$ 748.82#
155,118.00
180,000.00
120,000.00
2,102,000.00
$ 21,002.92
$ 31,279.19
$ 1,471.35
$1,112,791.36
$ 214,272.22
34,350.51
3,586.31
133.72
265,.413.24
7,818.75
156,395.95
1,337.58
4,944,915.17
1,283,580.10
$ -
642.10
10,758.19
69,098.54 145,460.32 88,093.63
$ 63,172.18 $260,359.99 $ 2,942.65 $6,479,338..28 1,585,945.95 $ -
35,791 17,460.09' 274.1'7 576,259.77 74,892.62
27,380.. 59 $242,899.90 $ 2,668.48 $5,903,078.51 $1,511,053.33 $
9,932.36 1,061.28
100,000.00 1 86,619.23 1,174,704.02
140,500,00
1,454,991.43
324,296.58
14,687.79 81,811.19 20,591.34
$11,804,796.94 $4,649.93 ' $321,652.38 $433,566.87 $136,212.72 $8,295,604.41 $2,840,743.84 $139,751.18
$ 20,918.35
324,296.58
1,361,323.25
$2,085.53
$ 127.05 $ 877.70
628.00
360,000.00
70,506.51
8,055.44
27,752.25
2,564.40 312,841.89 72,689.17
$1,372,944.89 $1,804,796.94 $4,649.93 $321,652.38 $433,566.87
$
2,027.69
$ 1,200.00 55,248.54 $
8,931.40
9,932.36
6,116.67.
$ 5,500.00
1,220.00
1,061.28
120,000.00 7,300,000000 2,600,000.00
t
11,645.56 90,594.73* 174,902.54
3,367.16 1,010,059.15 57,443.35
$136,212.72 $89295,604.41 $2,840,743.84
135,000.00
748.82*
$139,751.18
-58-
IMPROVEMENT FUNDS
STATEMENT OF SURPLUS - UNAPPROPRIATED
VILLAGE OF EDINA
Year Ended December 31, 1965
Balance at January 1, 1965
Additions:
Interest spread on assessments for collection
in 1966
Income on investments
Capitalized interest
Premium on bonds sold
Deductions:
Interest on bonds
Bank service charges
Cost of bond sale
Cancellations and adjustments
Transfer to Recreation Center Fund
Transfers - add (deduct):
Allowance for delinquent taxes
Reserve for assessment adjustments
Interfund
Balance at December 31, 1965
* Indicates red figure.
-59-
i
Joint
Permanent
Sanitary
1954
.-°improvement
Municipal
Sewer
Improvement
Sewer
Southdale
Improvement
Bond
Temporary
State -Aid
Total
No. 1
Revd ing
No. 53
Improvement
Second Series
Redemption
Improvement
Street Bonds
$1,230,935.84
$2,566.92
$273,557.51
$70,255.10
$4,985.82
$57,565.34
$ 825,326.97
$ 2,623.00*
$698.82#
$ 390,826.61
$ 1,364.61
$ 8,936.91
$ 133.76
!
$ 287,709.47
$92,681.86
39,332.97
$ 2.52# I
:.1,929.32
2,969.42
1,544.96
$ 12.64#
339781.82
22.61
79,727.57
I
5.00
79,722.57.
884.00
510,771.15
2.52 *
. �
2;398.93
11,906.33
1,678.72
12.64#
$ 321,491.29
$173,31 1.04
-
$ 285,217.91
j
$12,640.00
$39675.00
$ 249.17
$ 233,096.67
$ 35,557.07
2,296.74
81.60
28.31
83.20
2,028.63
75.00
39353.90
j
583.90
2,720.00
.$.50-00
2.70
I
2.70
36,500-00
27 71.2
36d.5OO.00
00.00
2
12 7.21.60
$69,439.83
706.01,,
2,958.53
2. 7,
57,220.33
235.709.20
911,109.06,
8 2.07
132,335.97:
0.00
748.82#
1,414,335.74
2,564.40
349148.72
69433.28
3,249.34
408.63
98,950.09
( 74,892.62)
9,731.84
9,731.84
66,952.17
L66,952.17)
$1,458,216.30
$29564.40
$312,841.89
$729689.17
$3,367.16
$ -
$1,010,059.15
$ 57,443.35
$748.$2*
-59-
Balance at January 1,1965
Additions:
Remittance from County Auditor:
On special assessments
On taxes receivable
Collections by Village on special assessments
Proceeds from sale of bonds
Sale of investments
Collection from other funds,
Advance from Improvement Funds
Payment received on connection charges
Construction deposit received
Payment received from State of Minnesota
Transfer from Municipal State -Aid Street Bond Fund
Return of advance from Improvement Fund
Deductions:
Construction costs charged to others:
General Fund
Permanent Improvement Revolving Fund
Waterworks Fund
Improvement -Funds
Other
Less collections received
Increase in construction in progress:
Balance at December 31, 1965:
Current construction
$1,454,991.43
Deferred construction
324,296.58
Unallocated costs
14,687.79
$1,793,975.80
Balance at January 1, 1965:
Current construction
$192749554.70
Deferred construction
2509726.94
Unallocated costs
6,165.37
1,531,1+47-01
262,528.79
Less increase in contracts
payable:
Balance at December 31,
1965
$ 324,296.58
Balance at January 19 1965
250,726.94
73,569.64
188,959.15
Less amount due General Fund
'12,837.84
Combined
$ . 34,095.71
$1,418,293.42
10,318.82
465,954.46
1,435,884.00
3,529,583.25
6,371.87
1,750,000.00
21,814.64
82,073.41
155,197.14
35,000.00
44,061.48
8,954,552.49
25,806.63
13,724.13
26,662.68
1,325,629,.78
124,440.68
61,516,263.90
65.656.44
1,450,607.46-
T76,121.31 1,626,728.77
(Balance Carried Forward) $7,361,919.43
Construction
$ 208,563.07#
IMPROVEMENT FUNDS
ANALYSIS -OF CHANGE IN CASH BALANCE
VILLAGE Of. EDINA
Year Ended December 31, 1964
Joint Permanent Sanitary
Sewer Improvement Sewer
No. 1 Revolving No. 53
303.92 $ 67,350.61 $ -7,474.24
$ 150,250.28 4,997.48
5,930.87
1,750,000.00
82,073.41
51,447.14
35,000.00
2,074,701.70 4,997.48
1,626,728..77
$ 239,409.86
$5,301.4.0
1954 Improvement
Southdale Improvement Bond
:Improvement Second Series !, Redemption
1,848.63 $ 960.37. 162,483.23
$ 29,740,11 $ 34,847.20 $ 1,897.49
4,519.04 8,305.71 42.04
166,029.32 247,969.42 231,544.96
441.00
7,134.77
200,729.47 291,122.33 40,619.26
$268,080.08 $298,596.57 $242,467.89
$ 13,247.:72 $1,338;560.90
10,318.82
374.37 389,366.36
54,987.36 2,663,781.82
14,679.87
44,061.
112,670:93 4,416,707.77
i
I
$113,631.30 $4,579,191.00
Temporary
Improvement
$: 2,936.60
63,346.94
1,400,884.00
10,022.61
i
1,,474,253.55
$1,477,190.15
Municipal
State -Aid
Street Bond
$ 698`.82#
$ 35,000.00
103,750.00
138,750,00
$138,051.18
-60-
Combined
(Balance- Brought Forward) $7;361,919.43
Deductions (cont'd)s
Payment to other funds accrued at December 31, 1964
3,353.26
Investments purchased
3`,455,350.00
Payment to County Auditor for bookkeeping charges
1062.90
Transfer to Construction Fund
1,785,000:00
Bonds redeemed
1,360,000:00
Interest on bonds
292,417.50
Bank service charges
2,296.74
Cost of bond sale
3,353.90
Cost charged directly to reserve for assessment
adjustment
200.00
Paid to City of Minneapolis — sewage disposal plant
651.47
Payment on connection charges
7,134.77
Construction costs
13,096.13
Return of construction deposits
32,405.05
Refunds
1,579.99
Return of advance to Improvement Funds
44,061.48
Loan to other fund.
36,500.00
Other
14.10
$7,038,977.29
$ .322,942.14
Interfund transfer
—
Balance at December 31, 1965
322,942.14
* Indicates red figure.
Construction
$ 239,409.86
$ 2,750.19
150,000.00
32,405.05
44,061.48
14-10
22 2 0.82
10,179.04.
$ 10,179.04
IMPROVEMENT FUNDS
ANALYSIS OF CHANGE IN CASH BALANCE (Cont'd)
Joint
Sewer
No. 1
$5,301.40
$ 651.47
6 1. 7
- $4,649.93
$4,649.93
Permanent
Improvement
Revolving
$2689080.08
$ 130.05
225,350.00
80.35
13,096.13
20.00
36,500.00
27 176 .
$ 7,096045#
46,250.24
$ 39,153.79
Sanitary 1954 Improvement
Sewer Southdale Improvement Bond
No. 53 :Improvement Second Series Redemption
$298,596.57. :$242,467.89 $113,631.30 $4,579,191.00
$ 473.02
$235,000.00
$220,000.00
2,615,000.00
208.00
2.70
1,271.85
4509000-00
40,000.00
15,000.00 $ 65,000.00
1,140,000.00
12,640.00
3,,825.00 747.50
241,455.00
81.60
28.31 83.20
2,028.63
<:
583.90
200.00
1287,929.60 2. 8 8 6.01
10,666.97 $ a 3,611.88
$ 10,666.97
7,134.77
i
i
1,550.36 - 9.63
67 81.06 i
$ 46,250.24
46,250.24
$
14,458,156.80
121,034.20
$ 121,034.20
Temporary
Improvement
$1,477,190.15
i
$ "10,600.00
1,3009000.00
:30,000.00
'75.00
2,720.00
i
1- J42: 7 .00
,1341395.15
$ :,134 i 395.15
i
Municipal
'State -Aid
Street Bond
$138,051°18
$ 35,000.00'
100,000.00
3,750.00
50.00
748 ;823
$ 748.82*
—61—
IMPROVEMENT FUNDS
BONDS PAYABLE
VILLAGE OF EDINA
December 31, 1965
Annual maturities and interest dates
Interest rate
Year Total
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
aCellfe"
$ 3,755,000.00
1,340,000.00
1,025,000.00
1,0259000.00
800,000.00
600,0001-.00
6009000 -.00
600,000.00
285, 000.00
1459000.00
105,000.00
1059000;00
65,000.00
65,000,00
$10,515,000,00
Sanitary
- Sewer
No. 53
January l
and 'Jdly•.,1
3 1/4% and
3, 1 /10%
$ 40,000,00
40,000.00
40,000.00
40,000.0.0
40,000,00
40,000.00
40,000.00
409000.00
40,000.00
Southdale
Improvement
March 1 and
Septe'mb'er:; I
3%
15,000.00
15,000.00
15,000.00
15,000.00
15,000..00
15,000.00
15,000.00
15:,000.00
$360,000,00 $120,000.00
Improvement
Bond
Redemption
March 1, June 1,
September 1 and
December 1
2% to 3 9/10%
$1,140,000.00
1,150,000.00
970,000.00
970,000.00
745,000.00
545,000.00
545,000.00
545,000.00
245,000.00
105,000.00
105,000,00
105,000.00
65,000.00
65,000.00
$79300,000.00
Temporary
Improvement
'June 1 and
December 1
i
i
I
2 1/24 to
3 1 /10%
1
$2,600,000.00
$2,6009000.00
Municipal
State -Aid
Street Bond
March 15,
June 15,
September 15
and
December 15
2 1/2,%
$135,000.00
$135,000.00
62-
ASSETS
CURRENT ASSETS
Cash:
Demand deposits
Appropriated funds
Investments:
Federal Intermediate Credit Debentures — at cost
Accrued interest
Less amount segregated and shown below
Accounts receivable:
From customers
Due from other funds
Inventories:
Meters — at cost
Supplies — estimated
Prepaid insurance
OTHER ASSETS
Segregated investments — reserve for debt
retirement
FIXED ASSETS — Note A
Land
$ 95,000.00
364.17
95,364.17
71,672.50
WATERWORKS
BALANCE
VILLAGE OF
December
$ 21,283.11#
22,348.75
1,065.64
23,691.67
$ 28,858.64
10,756.94 39,615.58
# 11,089.58
1,750.00 12,839.58
547.00
TOTAL CURRENT ASSET'S 77,759.47
Land improvements $ 13,153.22
Buildings and equipment 633 163.86
5,646,317.08
Less allowance for depreciation 1,043,459.79
* Indicates red figure.
71,672.50
$ 27,556.38
4,602,857.29 4,630,413.67
$4,779,845.64
FUND
SHEET
EDINA
31, 1965
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Accounts payable and accrued expenses:
Trade accounts
Salaries and wages
Interest
Due to General Fund
Current maturities of bonds payable
LONG —TERM DEBT
Bonds payable — Note B
Less current maturities — shown above
SURPLUS
Inve,sted in fixed assets
Revaluation of fixed assets — Notq,A
Contributed by special assessments —
Note'.A
Contributed by General Fund
Earned:
Appropriated
Unappropriated
See notes to balance sheet.
TOTAL CURRENT LIABILITIES
$ 724,719.42
27,331.52
3,099,022.51
12,340.16
$ 94,021.25
32,641.39
$ 767,000.00
48,000.00
$ 179470.64
424.69
4.842.50
22,737.83
31.50
48.000.00
70,769.33
719,000.00
3,863,473.67
126,662.64 3,990,076.31
$4,779,845.64
�-63-
WATERWORKS FUND
NOTES TO BALANCE SHEET
VILLAGE OF EDINA
December 31, 1965
Note A — The original utility purchased in 1947 is carried at amounts based on
appraisal at
time of acquisition. Subsequent purchases are carried at cost. Watermains for
which the benefited property owners have been assessed are carried at
construction
cost with contra — credit to surplus contributed by special assessments.
Each of the
afore — mentioned amounts has been reduced by the depreciation thereon-.charged
to in-
come, Which' income has'beeri 'transferred to earned surplus.
Note B — The annual maturities, due dates and interest rates are as follows:
1947 Issue
1953 Issue
1955 :Issue:
1959-Issue:
1963 Issue
Total
Annual maturities and interest .dates March 1 and
March 1 and
March .1 :and:
March-- l -,and'
June 1 and
June; land
September l
September l
September 1:
Septemb.et,1'
December 1
December 1
Interest rates 2.75%
2.75%
1 2.34-ah
2.50%
2.80 %,:3.10 %,
2.50 %,.2.80 %,
3.40% and
3.00 %, 3.20%
1
3.50%
land 3.30%
Annual amount of maturities:
$10,000.00.
$10,000.00
i0,060'.00
8,;.000:;00:
10,000.00
$ 48,000,00
1966
1967 .10,000.00
10,000.00
10,000`.00
S ;Ooo..00
10,000.00
48,000.00
1968
30,000.00
8,000,00
10,000.00
48,000.00
1969
30,000.00
8,000.00
10,000.00
48,000,00
1970
20,000.00
15,000,00
10,000.00
45,000.00
1971
35,000.00
20,000.00
55,000.00
1972
i
35,000.00
1 20,000.00
55,000.00
1973
35,000000
20,000.00
55,000.00
1974
;
35,000.00
20,000,00
55,000.00
- 1975
i
40,000.00
20,000.00
60,000.00
1976
50,000.00
50,000.00
1977
50,000.00
50,000.00
1978
50,000,00
50,000.00
1979
!
50,000.00
50,000.00
= 1980_
;
50,000.00
50,000.00
$20,000.00
$20,000,00
l $100,000600:
$227,000°00
$400,000.00
$767,000.00
Bonds of the 1947, 1953 and 1955,issues are subject to redemption and
prepayment at
the option of the Village on any interest date. Bonds maturing after
March 1, 1970
of the 1959 issue shall be subject to redemption and prepayment at the
option of
the Village on said date and any interest date thereafter, at a price
of par and
f
accrued interest, plus a premium of $10.00 for each bond redeemed, and
in inverse
1
order of their serial number. Thirty days prior notice must be given
to bond
holders.
—64,
# Indicates red figure.
WATERWORKS FUND
i
I.
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1965
Invested
Contributed
Contributed
Earned surplus I
in Fixed
by
by
Total
Unappropriated
Appropriated
Assets
Assessments
;General Fund
Revaluation
Balance at January 1, 1965
$3,804,711.87
$ 13,085.85
$76,453.13
$710,343.58
$2,964,148.04
$12,667.77
$28,013.50
Additions:
Watermains contributed by
special assessments 205,685.09
205,685.09
4,010,396.96
13,085.85
76,453.13
710,343.58
3,169,833.13
12,667.77
28,013.50
Deductions:
Net loss for year
20,320.65
20 20.6
3,990,076.31
'7,234.80
76,453.13 ;
710,343.58
3,169,833.13
12,667.77
28,013.50
Transfers:
Provision for depreciation
m
1409331.72
68,511.57#
70,810.56#
327.61*
681.98*
Bonds retired
-
33,000.00*
33,000.00
Additions to fixed assets
49,887.417'
49,887.41
Increase in appropriation
of funds
for reserve for debt retirement
179568.12#
179568.12
Balance
at December 31, 1965 $3,990,076.31
$ 32,641.39
$949021.25
$724,719.42
$39099,022.57
$12,340.16
$27,331.52
# Indicates red figure.
WATERWORKS FUND
STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
Per Cent to
Year Ended December 31 Increase Gross Income
1965 1964 Decrease* 1965 1964
Number of meters in use:
At end of year 7,446 7,032
At beginning of year 7,032 6,511
Income:
Sale of meters
$ 28;784.00
$ 23,740.00
$ 5,044.00
Less cost of meters sold
22,576.92
18.803-55
3,773-37
GROSS PROFIT ON METERS
6,207,08
4,936.45
1,270.63
Water sales
239,453.67
275,001.15
35,547.48*
Penalties
4,161.42
4,591.24
429.82#
Water connection permits
2,281.00.
2,396.00
115.00#
Tapping fees
158.00
158.00
-
Use of hydrants
10,696.94
10034.24
162.70
Miscellaneous
627. 43
400-53
226.90
263,585.54
$298,017.61
34,432.07#
100.00% 100.00%
Expenses:
Pumping:
Labor
$ 6,600.74
$ 5,497.80
$ 1,102.94
Power and light
30,345.58
29,968.83
376.75
Supplies and repairs
270.44
352.95
82.51*
Buildings:
Labor
3,328.35
4,229.78
901.43#
Fuel
1,926.06
1,886.15
39.91
Supplies
721.73
584.95
136.78
Telephone
201.00
201.00
-
Repair s
269.55
109.73
159.82
Insurance
341.60
360.60
19.00#
Water purchased
504.18
513.25
9.07#
Provision for depreciation
24,605.13
18.534-43
6 070.70
69,114.36
62,239.47
6,874.89
26.22% 20.89%
Distribution:
Labor
$ 8,863.14
$ 11,476.71
$ 2,613.57#
Materials and supplies
3,186.60
3,104.17
82.43
Operation of meters:
Labor
3,329.87
3,758.29
428.42#
Supplies and expenses
613.17
695.35
82.18#
Provision for depreciation
76,058.66
69,149.38
6,909.28.
Repairs
5.127-57
5.635.41
07.8 u
97,179.01
6 93,819.31
3,359.70
36.87 .31:48'
Tanks, towers and reservoir:
Labor
$ 660.20
$ 68.89
$ 591.31
Power and lease lines
1,273.16
1,719.81
446.65#
Landscaping
498.40
-
498.40
Supplies and expenses
488.01
36.00
452.01
Provision for depreciation
22,656.46
22,652.25
4.21
Insurance
2 .1
1.60
181.59
26,099.42
6 24,818.55
6 1,280.87
9.90 8.33
WATERWORKS FUND
STATEMENT OF INCOME AND EXPENSE ( Cont'd)
Expenses (cont'd):
Water treatment:
Labor
Supplies and expense
Provision for depreciation
Vehicle operations:
Allocated from equipment
pool
Provision for depreciation
Administrative and general:
Salaries:
Superintendent
Clerical
Meter reading
Meter reading supplies
Office supplies, postage,
telephone, hospitalization,
etc.
Supervision.
Provision for depreciation
Professional services
Supplies and expenses
Building rental
TOTAL EXPENSES
OPERATING INCOME
Income on investments
Other deductions:
Interest on bonds
Fiscal agent service charge
Cost of fixed assets retired
NET (LOSS) INCOME
Depreciation charged to opera-
tions included in expenses
Per Cent to
Year Ended December 31 Increase Gross Income
1965 1964 Decrease* 1965 1964
$ 4,261.39 $ 511.13 $ 3,750.26
10,965.86 12,473.62 1,507.76#
29,959.52 2 ,557.42 8,402.10 11.37% 7.23%
$ 4,080.00 $ 4,740.00 $ 660.00#
1.624.60 .60 2 0 7. 0 472.90*
5,704.60 6 6,837.50 6 1,132.90# 2.16 2.29
$ 9,058.50 $ 8,640.90 $ 417.60
4,300.95 3,947.70 353.25
4,530:70 3,970.81 559.89
47.95 13.83 34.12
5,280.00 6,300.00 1,020.00#
3,900.00 3,900.00 -
654.60 650.13 4.47
4,195.88 1,629.08 2066.80
942.64 863.05 79.59
80.00 4 20.00 60.00
1.22 0 . 0 3.055.72 12.67 10.18
1261,448.13 z3 607.7 21 8 0.38 .l 80.
2,137.41 58,409.86 156,272-45* .81% 19.60%
2,025.65 5,58 .1 3,557.48* .77 1.87
4,163.06 6 63,992.99 59,829.93# 1.58% -21.47%
$ 24,379.41 $ 31,107.14 $ 6,727.73#
104.30 109.10 4.80#
- 822.1 822.15*
24,483-71 32 0 8. f-7,554.68'* 9.29 10.75
($20,320.65) $ 31,954.60 $52,275.25# 7.71% 10.72%
$140,331.72 $121,656.36 $18,675.36
-67-
WATERWORKS FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1965
Balance at January 1, 1965 10,028.92
Additions:
Collections on accounts receivable $241,406._88
Collection on amount due from other-funds 13,284.43
Investments sold 63,276.97
Income on investments 1,661.48
Sundry sales -and services 2,439.00
Sale of water meters 28,784.00
Other 641.71 351,494-42
361,523.39
Deductions:
Payment to fiscal agents:
Principal
33,000.00
Interest
24,676.25
Service charge
104.30.
57,780.55
Meters purchased
27,255.82
Additions to fixed assets
$255,572.50.
Less contributed by special assessments
205,685.09 _
49,887.41
Payment for another fund
60.00
Decrease in amounts payable:
Balance at January 1, 1965:
Trade accounts
$ 26,814.42
Accrued payroll
96.16
Due to General Fund
144.60
27,055.18"
Balance'at December 31, 1965:
Trade accounts $17,470.64 .
AccruecL. payroll 424.69
Due to General Fund 31.50
17,926.83
9,128.35
Investments purchased
95,000.00
Operating expenses
$261,448.13
Less provision for depreciation
140,331.72
121,116.41
Increase in prepaid insurance
229.21 360,457.75
Balance at December 31, 1965 $ 1,065.64
Summary:
Operating Fund $21,283.11#
Sinking Fund 22,348.75
TOTAL '$ 1,065.64
* Indicates red figure.
WATERWORKS FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1965
La nd
Land improvements
Distribution system:
Purchased
Contributed by special assessments
Contributed by General Fund
Buildings and equipment:
Pumphouses
Wells
Pumps and .piping
Tanks, towers and reservoir
Office equipment
Miscellaneous equipment
Water treatment equipment
Automobiles and trucks
Storm sewer
Tools
Construction in progress
TOTAL
* Indicates red figure.
Balance
January 1,
1965.
$ 27,556.38
11,556.26
$ 239,883.60.
3,438,134.56
16 80.66
3,694,398.82
$ 206,273.42
188,553.45
113,889.78
566,278.84
3,108.65
11;853.41
250,964.96
8,932-46
32 ,086.09
350.00
1 82 2 1.06
5,1159802.52
302,498.44
$5,418,300.96
<• A.( s e t s
i
Additions i Transfers
$ 19037.46 .
$205,685.09
$205,685.09
$ 559'.50
$ 12,281.12
$ 12,281.12
$ 40,828.70
89,477.69
661.50
588.32
77.93
65.33
181,575.70
25,232.60
i
$ 731.58 $337,776.19
$207,454.13 4350,616.81
48,118.37 350,616.81*
$255,572.50 $ —
i
December 31,
1965
$ 27,556.38
13,153.22
$ 252,164.72
3,643,819.65
16,380.66
$3,912,365.03
$ 247,102.12
278,031.14
114,551.28
566,867.16
3,186.58
11,918.74
432,540.66
8,932.46
57,318.69
350.00
$1,720,798.83
$5,673,873.46
$5,673,873.46
Allowance for Depreciation
Balance
January 1, December 31,
1965 Additions 1965
2,803.42 $ 494.75 3,298.17
$ 91,077.89
473,986.52
3,712.89
$568,777.30
$ 34,545.03
52,382.41
50,420-90
153,752.67
2,500.00
3,638.06
25 ,490.65
6,571.61
2,246.02
$331,547.35
$903,128.07
$903,128.07
$ 4,920.49
70,810.56
327.61
$ 76,058.66
$ 9,067.49
9,331.89
5,711.00
22,656.46
125.75
1,053.85
13,838.22
1,099.60
894.05
$ 63,778.31
$140,331.72
$140,331.72
$ 95,998.38
544,797.08
4,040.50
$ 644,835.96
$ 43,612.52
61,714.30
56,131.90
176,409.13
2,625.75
4,691.91
39,328.87
7,671.21
3,140.07
$ 395,325.66
$1,043,459.79
$1,043,459.79
Net Balance
December 31,
1965
$ 27,556.38
9,855.05
$ 156,166.34
3,099,022.57
12,340.16
$3,267,529-07
$ 203,489:60
216,316.84
58,419.38
390,458.03
560.83
7,226.83
393,211.79
1,261.25
54,178.62
350.00
$1,325,473.17
$4,630,413.67
$4,630,413.67
ASSETS
CURRENT ASSETS
Cash:
Demand deposits
Receivables:
From customers
Assessments receivable
FIXED ASSETS = at cost
Land improvements
Furniture and fixtures
Trucks
Equipment
Less allowance for depreciation
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Trade accounts payable
Accrued payroll
Due to other funds:
General
Construction
SURPLUS
Invested in fixed assets
Earned — surplus deficit (deduction)
SEWER RENTAL FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1965
$ 40064
14010 54074
TOTAL CURRENT LIABILITIES $88,203032
$13,801.07
( 26,501033) ( 12,-700026)
$75,503006
-70-
$42,603.58.
$18,507099
590042
19,098041
TOTAL'CURRENT ASSETS
$61,701,99
$ 3,696062
1,895025
4,547086
25,871090
$36,011.63
22,210.56
13,801.07
$759503006
$87,911002
237'056
$ 40064
14010 54074
TOTAL CURRENT LIABILITIES $88,203032
$13,801.07
( 26,501033) ( 12,-700026)
$75,503006
-70-
SEWER__RENTAL FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1965
Balance at January 1, 1965
Deductions:
.Net loss for year
Transfers:
Provision for depreciation
Additions to fixed assets
Balance at December 31, 1965
* Indicates red figure.
Invested
in Fixed
Available Assets
$17,913007-= $16,032040
10,819059*
$28,732.66* $16,032040
$ 2,725.07
$ 2,725.07#
493074"
493.74
$ 2,231.33
2,231J3*
$26,501033* $13,801,07
71—
SEWER RENTAL FUND
STATEMENT OF INCOME AND EXPENSE
Operating income:
Service charges and penalties
Expenses:
Operating:
Sewer maintenance and treatment
Labor
Supplies
Repairs
Water
Power
Provision for depreciation
Other
Vehicle operation:
Allocated from equipment pool
Provision for depreciation
Administration and general:
Clerical and supervision
Auditing
Supplies, telephone, postage
and retirement
Building rental
Provision for depreciation
Professional services
TOTAL EXPENSES
OPERATING LOSS
Other income:
VILLAGE OF EDINA
Year Ended December 31 Increase
1965 .1964 Decrease*
$106,198.74 $101,930.65 $4,268.09
$ 63,289.27 $ 56,089.88 $7,199.39
Per Cent to
Operating Income
1965 1964
loo.o% 100.0%
26,803°30
26,154.42
648.88
49169.83
69762.89
2,593.06#
1,996.95
1,154.94
842-01
200.00
100.00
100.00
3,928.10
3,051.90
876.20
2,31745
2,374.84
57.39#
105.51
66.30
39.21
$102,810.41
$ 95,755.17
$7,055.24 96.8% 93.9%
$ 3,084000 $ 3,480000 396.00*
260.00 297.57 37.57*
$ 3,344.00 $ 3,777.57 433.57*
$ 5,520.00 $ 5,352.00 $ 168.00
300000 300.00 -
4,968.00
5,281.08
313008#
300.00
276.00
24.00
147.62
181.72
34.10#
355.15
606.40
= 251.25*
$ 11,590.77
$ 11,997.20
406.43*
$117,745.18
$111,529.94
$6,215.2
$ 11,546.44
$ 9,599.29
$1,947.15
3.2 3.7
1009 11.8
110.9% 109.4%
10.9% 9.4%
Income on investments $ 719.79 $ 54.30 $ 665.49
Miscellaneous 7.06 17.33 10.27'
$ 726.85 $ 71.63 655.22 .7 ,l
NET LOSS $ 10,819.59 $ 9,527.66 $1,291.93 10.2% 9.3%
Depreciation charges to operations
included in expenses $ 2,725.07 $ 2,854.13 $ 129.06*
-72-
SEWER RENTAL FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VIILLAGE..OF EDINA
Year Ended December 31, 1965
Balance at January 1, 1965
Additions:
Collections on accounts receivable
Tax settlements received
Sale of investments
Income on investments
Other
Deductions:
Expenses for the year
Less provision for depreciation not
requiring cash
Investments purchased
Purchase of fixed assets
Other
Payables at January 1, 1965:
Trade accounts
Payroll
Due to other funds
Less payables at December 31, 1965:
Trade accounts.
Payroll
Due to other funds
$117,745018
2,725.07
$ 66,619.07
94'G4
71.66
$104,910.91
635.34-
54,346.47
719.79
7.06
$115,020.11
30,000.00
493.74
16.10
66,785.37
$212,315.32
$ 6,096.01
160,619.57
$166,715.58
$ 87,911.02
237.56
54.74 88,203.32 124,112,00
Balance at December 31, 1965 $ 42,603058
®73m
SEWER RENTAL FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1965
ALLOWANCE FOR DEPRECIATION
Land improvements
Balance
$ 142.26
Balance
Furniture and fixtures
January 1,
147.62
December 31,
Trucks
1965
Additions
1965
ASSETS
14,187.16.
2,175.19
16,362.35
Land improvements
3,416.59
$ 280003
3,696.62
Furniture and fixtures
1,817.33
77.92
1,895.25
Trucks
4,547.86
4,547.86
Equipment
25,736.11
135.79
25,871.90
$35,517.89
$ 493.74
$36,oll.63
ALLOWANCE FOR DEPRECIATION
Land improvements
770.06
$ 142.26
912.32
Furniture and fixtures
1,150.41
147.62
1,298.03
Trucks
3;377.86
260.00
3,637.86
Equipment
14,187.16.
2,175.19
16,362.35
$19,485.49 $29725.07 $22,210.56
NET BALANCE $16,032.40 $13,801.07
74,
LIQUOR DISPENSARY FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1965
ASSETS
CURRENT ASSETS
Cash:
Demand deposits
18,241.04
Deposits in transit
23,042.93 41,283.97
Working funds
3,000.00
44,283.97
Investments — at cost:
Federal Intermediate Credit Bank
Debentures — 4.6 %..
509000.00
Village of Edina — Waterworks Revenue
Bonds of 1959
26,840.55
Accrued interest
503.34
77,343.89
Due from Golf Course Fund
6,475.00
Merchandise inventory — at.cost (first —in,
first —out m2thod) :
Liquor
$243,104.07
Wine
41,491.54
Beer
10,099.42
Mix and miscellaneous
2,427.97
297,123.00
Prepaid expenses:
Unexpired insurance
$ 39422.85
Supply inventory
400.00
3,822.85
TOTAL CURRENT ASSETS
$429,048.71
LOAN TO GOLF COURSE FUND 185,000.00
FIXED ASSETS — at cost
Land
Land improvements
Building
Furniture, fixtures and equipment
Leasehold improvements
Less allowance for depreciation
and amortization
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Trade accounts payable
Accrued payroll
Due to General Fund
SURPLUS
Invested in fixed assets
Available
$ 16,500.00
$ 3,412.66
75,331.92
44,982.69
28 ,172.74
$151,900.01
81,032.06 70,867.95 87,367.95
TOTAL CURRENT LIABILITIES
87,367.95
571,322.38
$701,416.66
39;471.11
2,870-90
384.32
$ 42,726.33
658,690.31
$701,416.66
75—
LIQUOR DISPENSARY FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 319 1965
Invested
in Fixed
Total Available Assets
Balance at January 1, 1965 $585,782.43 $488,756.17 $ 97,026.26
Additions:
Net income for year 302,907.90 302,907.90
$888,690.33 $791,664.07 $ 97,026.26
Deductions:
Transfer to General Fund
Transfer to Park Fund
Transfer to Park Construction Fund
Transfers:
Provision for depreciation
Additions to fixed assets
Balance at December 31, 1965
* Indicates red figure.
$76,934.00 $ 76,934.00
58,066.00 58,066.00.
95,000-00 95,000-00
$230,000-00 $230,000-00 $ -
$658,690.33 $561,664.07 $ 97,026.26
10,943.99 10,943.99*
1,285.68* 1,285.68
$65$9'690.33 $571,322.38 $ 87,367.95
76-
Sales:
Liquor
Wine
Beer
Mix and miscellaneous
Less bottle refunds
Cost of sales:
Inventory at January 1st
Purchases
Inventory at December 31st
LIQUOR DISPENSARY FUND
#STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
NET SALES
GROSS MARGIN
Year
50th,Stteet Southdale Grandview li
$541,648.79 $490,817.36 $232,467.61
85,572.18 85,606.34 38,745.41
130,802.81 87,097.76 55,631.29
13,898.20 9,533.58 7,837.62
$771,921.98 $673,055.04 $334,681.93
2,498-17 1,995_.22 1,578.
$769,423.81 $671,059.12 $333,103.49
$134,469.55
557,446.94
$691,916.49
115,905.73
$576,010.76
$193,413.05
8117,725.40
473,740.66
$591,466.06
93,919.61
$497,546.45
$173,512.67
V55,565-33
279,430.24
$334,995.57
87,297.66
$247,697.91
$ 85,405.58
To to 1
$1,264,933.76
209,923.93
273,531.86
31,269.40
$1,779,658.95
6,072-53'
$1,773,586.42''
i
$ 307,760.28
1,310,617.84
$1,618,378.12!
297,123.00'
$1,321,255.12;
$ 4529331.30 i
)perating expenses:
Selling
$ 30,889.61
$ 24,568.16
-
$ 19,341.91
$ 74,799.681
Occupancy
13,693.74
20,277.30
19,390.46
53,361.50
Administrative
14,177.79
13,639.88
8,751.57
36,569.24;
TOTAL OPERATING EXPENSES
$ 58,761.14
$ 58,485.34
$ 47,483.94
$ 164,730.42
NET OPERATING INCOME
$134,651.91
$115,027.33
$ 37,921.64
$ 2879600.88,
)ther income:
Cash discount
Cash over or (under)
Other
Income on investments
Depreciation and amortization
included in expenses
2,985.90 - 2,452.68 1,429.35
195.97 .30.49 ( 3.24)
192.11
$1389025.89 $117,510.50 $ 39,347.75
NET INCOME
6,867.93
223.22
192.11 1
$ 294,884.141
8,023.76
$ 302,907.90
$ 5,546.42 $ 2,215.25 $ 3,182.32 $ 10,943.99
dote A - The Grandview store was opened on November 23, 1964.
1964
Total
$1,177,370.05
186,175.29
245 ,009.83
27,003.03
$1,635,558.20
2,761.04
$1,632,797.16
$ 254,969.77
1,276,546.76
$1,531,516.53
307 ,760.28
$1,223,756.25
$ 409,040.91
$ 65 , 5 54.59
36,230,.78
33,469.22
$ 135,254.59
$ 273.,786.32
6,392.21.
.220.69
195.39
$ 280,594.61
3,881.89
$ 284,476.50
$ 8,743.93
Increase
.39 .36
rer Uen t. w
1 9
ive t. Jd IL b
6 5
2.53
1964
Decrease*
50th Street
Southdale
Grandview '(A)
Total
Total
87,563.71
17.94% 17.51%
11.81% 16.63%
17.18%
23,748.64
,I
28,522.03 .
4,2.66.37
$144,100.75
3,311.49
$140,789.26
100.00%
100.00%
100.00%
100.00%
100.00%
$ 52,790-51
I
34,071.08
86.,861.59
10 , 637.28*
9 97,498.87
74.86
,74-14
74.36'
74.50
74.95
$ 43,290.39
25.14%
25.86%
25.64%
25.50%
25.05%
$ 9,245.09
4.02%
3.66%
5.81%
4.21%
4.01%
17,130.72
1.78
3.02
5.82
3.01
2.22
3,100.02
1.84
2.04
2.63
2.06
2.05
29,475.83
7.64%
8.72
14.26%
.28
8.28
$ 13,814.56
17.50%
;17.14%
11.38%
16.22%
16.77%
475.72
.39 .36
.43 .39.
.39
2.53
.03 .01
.01
.O1
3.28*
.02
..01
4'01
$ 14,289.53
17.94% 17.51%
11.81% 16.63%
17.18%
4,141.87
$ 18,431.40
$
2,200.o6
-77-
LIQUOR DISPENSARY FUND
OPERATING EXPENSES
VILLAGE OF EDINA
Note A - The Grandview store was opened on November 23, 1965•
78-
Year Ended
December 31
1 9
6 5
1 9
6 4
Increase -
Decrease*
50th Street
Southdale
Grandview
Total'"'t,:Street.
.�
Southdale
Grandview (A)
Total
50th Street
Southdale
Grandview A
Total
Selling:
Salaries and wages
$29,310.45
_,
$23,164.78
$18,637,51
$ 719112.74
$32,652.84
'�
$27,852.74
$2,242.31
$:62,747.89
$3342.39*
$4,687.96#
$16,395.20
$ 8,364.85
Supplies
1941..40
19120.91
619.99
3,159.30
19227.50
1,116.28
193.74
2,537.52
190.90
4.63
426.25
621.78
Licenses and dues
43.00
23.00
23.00
89.00
76-50
12.50
89.00
33.50*
10,50
10.98
23.00
-
10.98
Pro -rata promotion
191.16
191.16
! 180.18
180.18
1117.76
` -68.31
61.41
.247.48
Service contracts
117.76
30,889.61
68.31
$249568.16
61.41
$19,341.91
247.48
$ 749799.68
$339956.84
!
$29,'161,70
$2,436.05
-,.;
$ 659554.59
$31,067.23*
$4,593.54*
$16',905.86
$ 9,245.09
Occupancy: '"
Salaries and wages
$ 170.14
$ 37.93
$ 208.07
$ 44.06
$ 237.42
$ 243.69
$ 525.17
$ 126.08
$ 237.42`
$ 205.763
$ 317.103
Rent
$.1491$2.02
10,623.06
24,775.08
13,779.24
19325.00
15,104.24
372.78
9,298.06
9,670.84
Telephone
Supplies
327,95
347.18
272.33
116.72
227.03
464.16
82V, -31
928.06
324.30
184.65
270.00
139.28
.49.96
356.95
644.26
680.88
3.65
162.53
2.33
22.56*
177.07
107.21
183.05
247.18
Light and power
19483.92
1,079.71
19591.00
4,154.63
19660.75
1,143.87
159.05
2,963.67..
176.83`
64.16#
1,431.95
1,190.96
Maintenance and
refrigeration
405.90
36.00
441.90
405.90
36000
441.90
`.Heat
500.68
445.97
946.65
504.50
105.22
609.72
3.82*
340.75
336-93
Laundry
512.50
304.99
377.13
1,194.62
444.18
227.40
31.34
702.92.
68.32
77.59
345.79
96.00
491.70
119.73
Burglar alarm
Insurance
173.73
29222,53
1,850.28
96.00
1,330•37
269.73
59403.18
150.00
19476.41
! 19252'•03
86.28
150.00
2,814.72
23.73
746.12
598.25
1,244 09
2,588.46
Repairs and maintenance
710.35
324.47
1,034.82
656.45
216;.49
250.05
1,122.99
53.90
11.98
216.49*
107.90*
74.42
29295.98
88.17*
2,200.06
Depreciation
59546.42
2,215.25
39182.32
109943.99
59534.44
2,323.15
886.34-
89743.93
-
275.00
155.00
Rubbish hauling
Janitorial services
300.00
730.00
240.00
300.00
60.00
840.00
790.00
420.00
690.00
1 240.00
1 60.00
25.00
45.00
685.00
795.00
120.00*
40.00
60.00*
15.00
5.00'`
Miscellaneous
262.44
10.00
331.02
603.46
255.78
7.50
263.28
6.66
2.50
331.02
340.18
Painting
13,693.74
$209277.30
$199390.46
x,53,361.50
425.00
$12,770.52
1 $199896.38
3,563.88
425.00
$ 369230.78
425.00*
$ 923.22
8 380.92
$15,826.58
425.00*
$17,130.72
Administrative:
Salaries and wages
$10,159.12
$ 99559.09
$ 79939.98
$ 27,658.19
$12,784.49
$109475.32
$ 770.84
$ 249030.65
$2,625.37*
$ 916.23*
$ 7,169.•14
$ 3,627.54,
Supplies
301.90
334.30
299.09
935.29
684.90
' 604.80
1,289.70
;383.00*
270.,50*
299.09
354.41*
Professional services
846.04
746.06
512.50
2,104.60
1,001.27
851.33
1,852.60
155.2331
105027*
512.50.
252.00
Allocated expense
retirement, insurance,
office supplies, etc.
2,712.00
2,676.00
59388.00
3,240.00
2,568.00
5,808.00
528.00*
108.00
420.00,
Miscellaneous
158.73
2
483.16
87.20
1 2
1 81 7
85.55
856.39
8.27
33,469.22
71.53
620.07*
8.91
$1,175.09 *
85.55'-
$ 7,895.18
5.11*
3,100.02
$14,177.79
1 6 .88
$ 8,751.57
$-36,569.24
$17,797.86
TOTAL
$58,761.14
$58,485.34
$47,483.94
$164,730.42
.
$64,525.22
1 $63,873.05
I
$69856.32
$1359254.59
$5,764.0811
$5,387.71*
$40,627.62
$299475.83
Note A - The Grandview store was opened on November 23, 1965•
78-
LIQUOR DISPENSARY FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1965.
Balance at January 1, 1965
Additions:
Gross sales
Sale of investments
Cash discounts
Interest received on investments
Other revenue
Deductions:
Merchandise purchased
Bottle refund
Operating expenses
Less depreciation included therein
not requiring cash
Transfers:
General Fund
Park Fund
Park Construction Fund
Investments purchased
Additions to fixed assets
Increase in prepaid expenses
Decrease in liabilities:
Balance at January 1, 1965:.
Trade accounts
Accrued payroll
Due to General Fund
$164,730.42
$ 76,934.00
58,066.00
95,000.00
$ 50,168.64
3,694.35
101.76
$ 53,964.75
$1,779,658°95
100 ,000.00
6,867.93
1,336.11
415.33
$1,310,617.84
6,072.53
153,786.43
230,000.00
150,000.00
1,285.68
565.28
$ 16,571.83
1,888,278°32
$1,904,850.15
Balance at December 31, 1965:
Trade accounts $39,471.11
Accrued payroll 2,870.90
Due to General Fund 384.32 42,726.33 11,238.42 1,863,566.18
Balance at December 31, 1965 $ 41,283 97
-79-
LIQUOR DISPENSARY FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1965
ASSETS
La nd
Land improvements
Building
Furniture, fixtures and equipment
Leasehold improvements
ALLOWANCE FOR DEPRECIATION
AND AMORTIZATION
Land improvements
Building
Furniture, fixtures and equipment
Leasehold improvements
Balance
Balance
January 1,
December 31`,.
1965
Additions 1965
16 , 500.00
$ 16,500-00
3,412.66
3,412.66
75,331.92
75,331.92
43,697.01
1,285.68 44,982,69
28,172.74
28.172.7L
$167,114.33
1,285.68 $168,,400.01
1,142.97 $ 139.93 1,282.90
36,766.50 3,900.73 40,667.23
18,790.62 3,600.37 22,390.99
13,387.98 3,302.96 16,690.94
$ 70,088.07 $10,943.99 $ 81,032.06
NET BALANCE $ 97,026.26 $ 87,367.95
CASH — ALL FUNDS
VILLAGE OF EDINA
December 31, 1965
Demand and
Time
Working
Deposits
Funds
Total
Fund:
General:
Current
$111,836,52
$ 550.00.
$112,386.52
Poor:
. .
Current
29624,75
2,624.75
Park:
Current
3,144:54
.3,144.54
Swimming Pool:
Current
531.92
531.92
Golf Course:
Current
73,422.48
50.00
73,472.48
Recreation Center:
Current
48,984.95
223.45
49,208.40
Park Sinking:
For bonds and interest
309511.65
30,511.65
Park Construction:
For construction
99,040.02
99,040.02
Improvement:
Current
$250,197.89
For bonds and interest
62,565.21
For construction
10,179.04
$322,942,14
$322,942.14
Waterworks:
Current
21,283.113
Appropriated
22,348.75
$ 1,065.64
$ 1,065.64
Sewer Rental:
Current
42,603.58
42,603.58
Liquor Dispensary:
Current
41,283.97
3,000.00
44,283.97
TOTAL $7779992.16
$3,823.45
$781,815.61
Depository:
Demand deposits:
First Edina National Bank
$192,190.51
First Southdale National Bank
280,980.85
Midland National Bank
4,820.80
$4779992-16
Time deposits:
First Edina National Bank
100,000,00
First Southdale National Bank
100,000,00
Franklin National Bank
100,000.00
$300,000.00
Working funds
3,823.45
$781,815,61
# Indicates red figure.
— 81—
SECURITY FOR DEPOSITS
I
VILLAGE OF EDINA
December 31, 1965
Security for Deposits
Deposits
Principal
Book
Bank
Amount
Description
Due Date
i
First Edina National Bank — demand deposit
$192;190`..51
:. $3211,325:.06
$200,000.00
United
States Treasury1'notes
February
15,
1967
do certificate of deposit
100,000.00
100,000.00
200,000.00
United
States Treasury I notes
November
15,
1973
10,000.00
Federal
Deposit Insurance
TOTAL
$2929190.51
$421,325.06
$410,000.00
First Southdale National.Bank — demand deposit
$280,980.85
$260,103.86
$ 10,000.00
Village
of Edina Improvement
bonds
March
1,
1966
do certificate of deposit
100,000.00
100,000.00
10.,000.00
Village
of Edina Improvement
bonds
March
1,
1967
5,000.00
Village
of Edina Improvement
bonds
September
1,
1970
5,000.00
Village
of Edina Park System
bonds
March
1,
1972
50,000.00
United
States Treasury notes
August
15,
1966
50,000.00
United
States Treasury notes
August
15,
1968
100,000.00
United
States Treasury notes
August
15,
1972
100,000.00
United
States Treasury notes
August
15,
1973
100,000.00
United
States Treasury motes
February
15,
1974
10,000.00
Federal
Deposit Insuranice
TOTAL
$380,980.85
$360,103.86
$440,000.00
Midland National Bank — demand deposit
$, 4,820.80
$ 4,-820.80 '.$125,000.00
United
States Treasury notes
August.
15,
1966
10,000.00
Federal
Deposit Insurance
TOTAL
$ 4,820.80
$. 4,820.80
$135,000.00
Franklin National Bank — certificate of deposit
$100,000.00
$100,000.00
$100,000.00
United
States Treasury notes
November
11,
1966
50,000.00
United
States Treasury notes
November
15,
1971
10,000.00
Federal
Deposit Insurance
I
TOTAL
$100,000.00
$100,000.00
i
i
$160,000.00,
I
82—
Description
United States Treasury bills
do
do
Federal Intermediate Credit
Bank Debentures
do
do
do
do
do
Village of Edina, Minnesota:-
1955 Improvement Bonds
1957 Improvement Bonds
1958 Improvement Bonds
1959 Improvement Bonds
1960 Improvement Bonds
1962 Improvement Bonds
1957 Park Bonds
1962 Park Bonds
1955 Waterworks Revenue Bonds
1958 Waterworks Revenue Bonds
Municipal State —Aid Street Bonds
Land investments
FUND OWNERSHIP
Improvement Funds
General
Poor
Golf Course
Park Sinking
Park Construction
Waterworks
Park
Liquor Dispensary
INVESTMENTS
VILLAGE OF EDINA
December 31, 1965
Maturity
Interest Rate
'Face Amount
25,000.00
March 1,
1974 to 1979
February.289')1966
Discounted
$ 600,000.00
April 30, 1966
do
1009000.00
February 159`1970
do
150,000.00
29,000.00
September
850,000.00
April 4, 1966
4.35%
1509000.00
May 2, 1966
4.30
150,000.00
June 1, 1966
4.35
300,000.00
July 5, 1966
4.35
100,000.00
August 1, 1966
4.45
1009000.00
September 1, 1966
4.60
11000,000.00
$1,800,000.00
March 1,
1977
2.90%
25,000.00
March 1,
1974 to 1979
3.90
31,000.00
March 1,
1966 to 1967
2.70
10,000.00
June 1, 1966
to 1969
2.75 to 3.75
29,000.00
September
1,1970
3.30
32,000.00
December,l,
1.969 to :...
1970
2.70
25,000-00
March 1,
1968 to 1970
3.70
,6,000.00
December
1, 1969 to
1970
2.70
209000.00
March 1,
1965 to
1970
-:(.1',!
2.30 to 2.50
15,000.00
September
1, 1971
to 1974
3.40 to 3.50
27,000.00
June 1'5,
1967 and
September
15, 1967
2.50
135,000.00
$ 355,000-00
27,146.55
TOTAL -$3,0329146.55
Face
Amount
December 31,
1965
Carrying
Amount
December 31,
1965
$2,5579-118.00
$2,557x1118.00
167,028.55
167,028.55
20,000..00
20,000.00
30,000-00
31,040-56
40,000.00
40,000.00
16,000.00
16,000.00
95,000.00
95,364.17
30,000.00
30,000.00
77,000.00
77,343.89
TOTAL $3,032,146.55 $3,033,895.17
83-
Taxable va.luation:
Real estate
Personal property
Tax levies extended:
Extended in year
Collectible in year
General
Parks
Bonds and interest
Poor and public nursing
Firemen's relief
Fire protection
Hennepin County park,
Tax rate by mills:
General
Parks
Bonds and interest
Poor and public nursing
Firemen's relief
Fire protection
Hennepin County park
TAXABLE VALUATIONS, TAX LEVIES AND RATES
VILLAGE OF EDINA
December 31
1965 1964
$35,250,135.00 333,666,989.00
2,436,976.00 2,300,415.00
TOTAL 037,687,111.00 $35,967,404.00
TOTAL
TOTAL
1965
1966
934,640.35
75,374.22
67,836.80
12,436.75
4,145.58
11,306.13
4,522.45
$ 1,110,262.28
24.80
2.00
1.80
•33
.11
.30
.12
29.46
1964
1965
858,073.70
71,925.71
66,890.91
12,227.37
3,596.29
10,788.86
5,034.80
$ 1,028,537.64
2.00
1.86
•34
.10
.30
.14
28.60
84-
OFFICIAL BONDS
VILLAGE OF EDINA
December 31, 1965
.
t
Position
'
Name
Bond Expires
Amount
t
Surety
On file with Clerk— Treasurer:
Blanket position
Police department employees j
February 28, 1967
$ 5,000.00
American
Casualty
Company
Blanket position
All Village employees not otherwis-e%
required by law to be specifi-
cally bonded
February 28, 1967
$50,000.00
American
Casualty
Company
Treasurer
J. N. Dalen
May 1, 1967
$50,000.00
American
Casualty
Company
Village Clerk
Florence B. Hallberg
May 1, 1967
$ 500.00
American
Casualty
Company
Deputy Assessor
Loukas M. Angelus
May 1, 1967
$ 500.00
American
Casualty
Company
Deputy Assessor
Kent Swanson
May 1, 1967
500.00
American
Casualty
Company
On file with County Auditor:
�.
Assessor
Donald Kearns !
Indefinite
$ 500.00
The Aetna
Casualty and Surety Company
INSURANCE COVERAGE
VILLAGE OF EDINA
December 31, 1965
Automotive:
Bodily injury
Property damage
Comprehensive
Village liquor stores:
Comprehensive glass breakage
Liquor liability
Business interruption - 50th Street
Business interruption - Southdale
Business interruption - Grandview
Burglary, robbery and theft - within premises
Burglary, robbery and theft - outside premises
Burglary, robbery and theft - merchandise
$500 / 1,000 ,000
100,000
Actual cash value
Actua1(B)
1,000 ,000 (B)
97,500
79,800
85,000
5 ,000 (B)
5,000(B)
7,500(B)
(C)
Fire
and
Extended
Coverage
Building
Contents
Other
Building and contents:
Village Hall
$4059000
$54,000
Library
279900
Village garage
2979000
189000
Municipal liquor store - 50th Street
599000(A)
10,800
Municipal liquor store - Southdale
7,200
Municipal liquor store - Grandview
209000
Municipal golf course
1219500
99000
Municipal recreation center
3429900
949950
Municipal swimming pool
135,000
Water reservoir
2709000
Pumping stations:
Number 1
429750
459000
Number 2
89100
99900
Number 3
8,100
109800
Number 4
36,000
639000
Number 5
109800
10,800
Number 6
99000
109800
Number 7
79200
109800
Number 8
109800
149400
Number 9
549000
92,700
Number 10
479925
103,500
Water tower - Concord Street
999000
Water tower - 69th Street
162,000
Sanitary sewer lift station
36,000
169200
Bathhouse
45,000
139500
,Maintenance building - golf course
59400
Inventories:
Liquor store — Southdale
$ 175,000(D)
Liquor store - 50th Street
200,000(D)
Liquor store - Grandview
125,000(D)
Automotive:
Bodily injury
Property damage
Comprehensive
Village liquor stores:
Comprehensive glass breakage
Liquor liability
Business interruption - 50th Street
Business interruption - Southdale
Business interruption - Grandview
Burglary, robbery and theft - within premises
Burglary, robbery and theft - outside premises
Burglary, robbery and theft - merchandise
$500 / 1,000 ,000
100,000
Actual cash value
Actua1(B)
1,000 ,000 (B)
97,500
79,800
85,000
5 ,000 (B)
5,000(B)
7,500(B)
(C)
INSURANCE COVERAGE (Cont'd)
Village golf course:
.Liquor liability
Burglary, robbery and theft — within premises
Burglary, robbery and theft — outside premises
Burglary, robbery and theft — merchandise
Other insurance:
General liability:
Automotive non- ownership, independent
contractor, and Village premises —
operations:
Bodily injury
Property damage
Workmen's compensation
Edina Volunteer Fire Department group
accident policy, maximum each fireman
Property floater all risk — voting machines
Property floater equipment other than
automotitive
Note A — 90% coinsurance.
Note B - 50th Street, Southdale and Grandview.
Note C — 40% coinsurance.
Note D — Reporting form.
Fire and
Extended Coverage
Building Contents Other
1,000,000
2,500
2,500
4,000 (C)
$100 / $1,000,000
100,000
Statutory
3,000
79,200
Actual cash value
—87—
ORGANIZATION
VILLAGE OF EDINA
December 31, 1965
Village Council:
Mayor:
Arthur C. Bredesen, Jr.
Trustees:
Frank J. Tupa
James Van Valkenburg
Hugh J. MacMillan
L. W. Rixe
Richard C. Johnson
Village Manager:
Warren C. Hyde
Village Attorney:
William A. Whitlock
Clerk:
Florence Hallberg
Treasurer and Finance Director:
J. N. Dalen
Assessor:
Donald Kearns
Prosecuting Attorney:
Walter Gustafson
Director of Public Works and
Assistant Manager:
George C. Hite
Elected,
Term Re— elected`-or
Expires Re— appointed to
December 31 December 31
1965 1967
1966
1966
1967
1965
1968
Appointed by Council
1965 1966