HomeMy WebLinkAbout1969 Financial StatementsApt.,
AUDITED FINANCIAL STATEMENTS
AND OTHER FINANCIAL INFORMATION
VILLAGE OF EDINA, MINNESOTA
DECEMBER 31, 1969
rf t°�t n �� � Z7
IN "
W�
ERNST& ERNST
-ee1..
AUDITED FINANCIAL.STATEMENTS
AND .OTHER FINANCIAL INFORMATION
.VILLAGE,OF EDINA, MINNESOTA
December 31, 1969
••
INDEX
ACCOUNTANTS' REPORT ON AUDITED'FINANCIAL STATEMENTS .......... PAGE 4
COMMENTS AND ACCOUNTANTS' REPORT ON OTHER FINANCIAL
INFORMATION ................ ............................... 5
FUND'BALANCE SHEETS ......... ............................... 10
GENERAL FUND:
BALANCE SHEET ............. ............................... 12
STATEMENTOF'SURPLUS ...... ............................... 13
ANALYSIS;OF'CHANGE IN CASH BALANCE ....................... 14
REVENUE ................>.. ............................... 15
EXPENDITURES .............. ............................... 16
CENTRAL SERVICES .......... ............................... 20
FIXED ASSETS .............. ............................... 21
BONDS PAYABLE ............. ............................... 22
POOR FUND:
BALANCE SHEET ............. ............................... 23
, STATEMENT OF SURPLUS —. UNAPPROPRIATED .................... 24
STATEMENT OF REVENUES AND EXPENDITURES ................... 24
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 25
PARK FUND:
BALANCE SHEET........... ............................... 26
STATEMENT OF UNAPPROPRIATED SURPLUS ...................... 27
ANALYSIS,OF SURPLUS INVESTED IN FIXED ASSETS ............. 27
ANALYSIS.OF CHANGE IN CASH BALANCE.... .................... 28
REVENUE. AND: - EXPENDITURES .. ............................... 29
FIXED.: ASSETS .............. ............................... 30
SWIMMING POOL FUND:
BALANCE SHEET ............. ............................... 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 FUND:
BALANCE: SHEET ............................................. 37
STATEMENT OF SURPLUS ...... ............................... 38
ANALYSIS'OF CHANGE IN CASH BALANCE ....................... 39
STATEMENT OF INCOME AND— EXPENSE .......................... 40
STATEMENT OF INCOME AND EXPENSE — OPERATING DEPARTMENTS.. 42
FIXED ASSETS .............. ............................... 43
BONDS PAYABLE ............. .......e....................... 44
RECREATION CENTER FUND:
BALANCE SHEET ............. ............................... 45
STATEMENT OF 'SURPLUS ...... ............................... 46
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 47
STATE ENT :OF'INCOME AND EXPENSE .......................... 48
FIXED ASSETS .. ......... ............................... 49
BONDS PAYABLE ............. ............................... 50.
INDEX (Coat' d)
PARK SINKING FUND:
BALANCE SHEET . ............................... PAGE 51
STATEMENTOF .SURPLUS... .. ....................�.......... 52
.ANALYSIS OF CHANGE IN CASH BALANCE......... ............... 53
BOND AND'INTEREST MATURITIES AND DEFERRED TAX
LEVIES ................... ............................... 54
PARK CONSTRUCTION FUND:
BALANCE SHEET ............. ............................... 55
ANALYSIS:OF RESERVE FOR CONSTRUCTION ..................... 56
ANALYSIS OF CHANGE .IN CASH BALANCE ......................... 57
FIXED.ASSETS.......... . ................... ............ 58
ANALYSIS OF'CHANGES IN CONSTRUCTION IN PROGR$SS.......... 59
IMPROVEMENT FUNDS:
COMBINED'BALANCE SHEET .... ............................... 60•
STATEMENT OF SURPLUS . -. UNAPPROPRIATED .................... 61
ANALYSIS OF CHANGE IN .CASH BALANCE ......................... 62
BONDS PAYABLE ............. ............................... 64
WATERWORKS FUND:
BALANCESHEET ............. ............................... 65
NOTES TO BALANCE SHEET ..... ............................... 66
STATEMENT OF SURPLUS......... ...... 67
STATEMENT OF INCOME AND EXPENSE .......................... 68
ANALYSIS:OF.CHANGE IN CASH BALANCE...... ... o ... oo ......... 70
FIXED ASSETS .............. ............................... 71
±mil ; �I i
BALANCE .SHEET .............................................. .72'
STATEMENT :OF'SURPLUS�( DEFICIT ) ........................... 73
STATEMENT:OF'INCOME AND EXPENSE .......................... 74
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 75
FIXED ASSETS :............. ............................... 76
LIQUOR DISPENSARY FUND:
BALANCESHEET ....................... ............4...... 77
STATEMENT'OF SURPLUS ...... ............................... 78
STATEMENT OF INCOME AND'EXPENSE ................. 79
OPERATING EXPENSES ....................................... 80.
ANALYSIS.OF CHANGE IN CASH BALANCE ....................... 81
FIXED ASSETS .............. ............................... 82
GENERAL:
CASH - ALL FUNDS ......................................... 83
SECURITY FOR DEPOSITS ..... ............................... 84
INVESTMENTS............... ............................... 85
NOTE TO INVESTMENTS ............................ ........ 86
-TAXABLE VALUATIONS, TAX LEVIES AND RATES.................. 87
OFFICrIAL BONDS ............ ............................... 88
INSURANCE COVERAGE, ........ ............................... 89
ORGANIZATION ............................................. 91
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,,1969 and the related statements of revenues and
expenditures or income and expense and surplus for the year then ended. Our
examination 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,:1969 and its various special funds
and the results of their operations for the year then ended, in conformity with
generally-accepted accounting.,principles applied on a.basis consistent with that
of the preceding year.
Minneapolis., Minnesota
May,22,:1970
-4-
ERNST & ERNST
FIRST NATIONAL BANK BLDG.
MINNEAPOLIS, MINN. 55402
COMMENTS AND ACCOUNTANTS' REPORT.ON OTHER YINANCIAL 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 expense.,
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, except the schedules of security
for deposits, taxable valuations, tax-levies and rates, official bonds, insurance
coverage and organization, was derived from the accounting :records tested by us
as part of the auditing :procedures followed in our examination,of.the aforementioned
financial statements and,.in our opinion,.it is fairly presented in all material
respects -in relation to the financial statements taken as a whole; however,;it_is
not necessary for a:fair presentation of the financial position and results of
operations of the Village.
The information shown:in the schedules of security for deposits, taxable valuations,
tax levies and rates, official bonds, insurance coverage, and organization was
prepared from information furnished to us by the Village., but we did not make
independent tests of the schedules as-they do not involve information which enters
into the financial statements.
The following comments set forth certain auditing procedures and other matters
pertinent-to our examination:
Cash on deposit at December 31,.1969 was reconciled to balances reported directly
to us by the various depositories. Cash working funds and cash on hand for de-
posit at.December31,.1969 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.
Securities held for investment by the several funds of the Village were inspected
by us or, in the case where securities were held in safekeeping, confirmed to us.
Related interest income computations were tested.
Amounts receivable from water and sewer rental charges at December 31, 1969 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 31,,1969.
All canceled .bonds redeemed and.paid during 1969 were.inspected by us. We inspected
interest coupons redeemed and paid during ;1969 on -a :test- basis.
Official minutes of the Village Council for 1969 were read by us.
Copies of - licenses and permits .issued during the year were tested to recorded col -
lections.
Recreational facilities, except for equipment, of the Swimming Pool Fund, Golf
Course Fund and Recreation Center Fund are not depreciated.
COMMENTS ON FINANCIAL STATEMENTS
'GENERAL 'FUND
Detail schedules reflecting activity and status of this fund are shown on pages.12
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 of this fund .are shown on pages 31
:to 36, inclusive, of this report. The net income of $3,252.07 is after the provision
of $6,000.00'for interest on bonded debt issued for the swimming pool facilities,
and the provision of .$190.08 for depreciation,.computed by the straight1 ine method,
on swimming pool equipment.
-6-
GOLF COURSE FUND
Net revenues of the Liquor Dispensary .Fund are pledged to secure the payment of
obligation of :the Golf Course Fund. Detail gchedules outlining financiallopera-
tions of this:fund are shown on pages 37 to 44,.inclusive, of..this report. The
net income-of $40,440.68.is after the provision of $24,511.00 .for interest on
bonded debt, issued for the golf course facilities, and-the.-provision of $7,218.00
for depreciation,.computed . by the straight line method, on golf course-equipment.
$25,000.00 of the bonded debt matured and was redeemed in 1969.
RECREATION CENTER'FUND
Net revenues:of the Liquor Dispensary Fund are pledged to secure payment.of
obligations of.the Recreation Center Fund. Detail schedules covering operations of
this fund appear on pages.45 to 50., inclusive. The . net: -income of $22;264.72 is
after the provision of $13,551.00 for interest on' bonded debt issued for the
recreational center facilities and the provision of $2,649.58 for depreciation,
computed by the straight line method, on recreational center equipment. $15,000.00
of bonded debt matured and was redeemed in 1969. Funds in the amount of :$100,000.00
were derived from the sale of Recreation Center.Bonds;in 1969. The bonds bear
interest at 5% and $10;000.00 of the issue mature on August 1 of each of the 10
years beginning in.'1970. Proceeds were used to finance current construction.
PARK SINKING FUND
Reference is made to detail schedules on pages 51 :to 54, inclusive; of this report
.as to the operations of this fund. $40;000.00 of the bonded debt matured and was
redeemed in 1969.
PARK CONSTRUCTION FUND
Reference is made to detail schedules in this report as to operations.of this fund.
Such.details appear.on pages 55 to 59, inclusive. Fixed .assets for park purposes
amounting to $287,761.44 were purchased during the year and projects completed at
a cost.of $583,690.94 were transferred to the Park -Fund. Funds were made-available
from $130,000.00,in transfers from the Liquor Dispensary Fund and.a $200,000.00
advance from the Recreation Center Fund.
IMPROVEMENT FUNDS 1.
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 60 to
64,.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.
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.
-7-
Funds_in the amount of $2,500,000.00 were made available from the sale of General
Obligation Improvement Bonds in 1969. The proceeds were used to finance current
construction. The.bonds bear :interest at rates from 5.30% to 5.70% and $250,000.00
of the issue mature on December 1 in each of the 10 years beginning.in 1970. The
bonds will be redeemed with funds made available from special assessments.
WATERWORKS FUND
Reference is made to detail schedules elsewhere in this report
this fund. Such.details appear on pages 65 to:7l,.inclusive.
$117,632.45 is after the provision of $19,408.00 for interest.
for the waterworks facilities and the provision of.:$186,947.00
the facilities. $48,000.00 of..the bonded.debt matured and was
as to operations of
.The net income of
:)n bonded debt .issued
for depreciation on
redeemed in 1969.
SEWER RENTAL FUND
Reference is.made to detail schedules elsewhere in this report as to operations of
this fund. Such details appear on pages. 72 to 76, inclusive. Included in accounts
payable.is a disputed liability to the City of Minneapolis for sewer charges in the
amount of:.$154,593.52.
LIQUOR DISPENSARY FUND
Reference is made to detail schedules elsewhere in this report as to operations of
this fund. Such details appear on pages,77 to 82, inclusive.
Net.income of $384,583.21 for the year is after the provision of $9,169.00 of
depreciation, computed by .the straight line method,.on. liquor store equipment.
Of this amount, $2.75,000.00 was transferred to other :funds of the Village by
action of the .Village Council. In connection with -.the sale of Golf Course Bonds
of1963 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.
SECURITY FOR DEPOSITS
Reference is made to schedule on page 84 of this report showing details of deposits
of.the Village and securities pledged as collateral thereto at December 31,1969.
Security for deposits at the First Edina National Bank were inadequate with re-
spect to compliance with the provisions of M. S. A. Section118.01 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 :$508,594.67
Security for deposit:
Collateral at 90% of market $312,077.00
'Federal deposit insurance 20,000.00
.$332;077.00
N
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 not prepared and published or posted as re-
quired .by M. S. A. Section 412.281.
Minneapolis, Minnesota
May 22, 1970
H
ASSETS
Cash:
Current funds
Appropriated
Investments:
United States Treasury notes and United States
Government Agency securities - at face value
or cost
Village of Edina bonds - at face value or cost
Land investment - at cost
Amount segregated and shown below
Receivables:
Taxes and special assessments:
Current
Delinquent
Deferred
Customers
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 costs
* Indicates red figure.
Total
$ 244,009.75
20,568.75
$ 264$78.50
$ 3,978,286.14
201,236.14
67,851.16
$ 4,247,373.44
63,495.00
$ 4,183,878.44
$ 1,849,107.13
326,065.07
8,9961762.66
127,160.43
1,151,497.90
34,211.90
$12,484,805.09
866,996.59
$11,617,808.50
423, 24,7.23
4,523.70
63,495.00
3,398,540.30
12,466,412.48
100,121..57
$32,522,605.72
FUND BALANCE SHEETS
VILLAGE OF EDINA
December 31, 1969
Swimming Golf Recreation
General Poor Park Pool Course Center
$ 21,703.88 $ 478.53 $ 18,158.94 $ 11,552.44* $ 3,153.06* $ 296.06
$ 21,703.88 $ 478.53 $. 18,158.94 $ 11,552.44* $ 3,153.06* $ 296.06
$ 5851147.14
$25,358.30
$
12,500.00
i
$
75,472.19
$172,705.28
Sewer
6,000.00
Sinking
Construction
Improvement
Waterworks
67,851.16
Rental
Dispensary
$ 1,263.49
$
312:54';
$
$ 652,998.30
$31,358.30
$
12,500.00
$ -
$
75,472.19
$172,705.28
$ 652,998.30
$31,358.30
$
123,500.00
$ -
$
75.,472.19
$172,705.28
$ 3,952.09
$
312.54
$
205,671.70
$
15,795.54
$
48,839.19
$ 22,352.92
$
3,763.81
86,640.42
$
2,256,625.61 '
$
13,287.39
$
70,185.60
$.50,924.58
15,000.00
153,000.00
$
82.60
$ 4,241.50
224,216.65
$
2,409,625.61
831725.00
539,107.86
$
18,694.70
208,000.00
33,612.39
400.00
63,495.00
$ 323,907.71
$ -
$:
12,888.81
$ -
$
18,777.30
$212,241.50
48,839.19
$
70,185.60
.3,763,81
I
$ 64$00.00
$
$ 275,,068.52
$ -.
$
9,125.00
$ -
$
18,777.30
$212,241.50
10,000.00
272,419.34
600.00
1,795.36
616,000.00
8,367,475.27 .
148.54
903.34
2,598,635.99
1,1663P088.43
211,375.42
972,925.18
562,120.15
$3,558,406.69
$311p836.83
$1,206,472.37
26$78.77
$199,822.98
$1,064,170.15
$950,061.69
I
I
I
i
I
I
I
I
Park
Park
i
Sewer
,Liquor
Sinking
Construction
Improvement
Waterworks
Rental
Dispensary
$ 1,263.49
$
312:54';
$
205,671.70 !
$
4,773.21*
$
6,749.60*
$ 22,352.92
20,568.75
$ 1,263.49
$
312.54
$
205,671.70
$
15,795.54
$
6,749.60*
$ 22,352.92
$103,619.16
$
86,640.42
$
2,256,625.61 '
$
539$107.86
$
70,185.60
$.50,924.58
15,000.00
153,000.00
27,236.14
I $103,619.16
$
101,640.42
$
2,409,625.61
$
539,107.86
$
70,185.60
$ 78,160.72
63,495.00
$103,619.16
$
101,640.42
$
2,409,625.61
$
475,612.86
$
70,185.60
$ 78,160.72
I
$ 64$00.00
$
1,780,655.04
1,042.73
272,419.34
616,000.00
8,367,475.27 .
$
96,257.56
$
26$78.77
5.31500.00
233$83.30
17,010.44
1,728.01
$434,039.80
I
199.51 i
$6873P042.73
$
-
$10,654,332.46
$
113,268.00
$
28$06.78
$434,039.80
34,567.73
779,825..861.
$652,475.00
$
-
$
9,874,506.60;
$
113,268.00
$
28$06.78
,$434,039.80
31,469.95
379$81.92.
i
831.50
35.00
2,605.32
63,495.00
I
379,043.47
3,019,496.83
963$74.,24
5,926,116.05
13$77.09
51,999.93
100,121.57
$757,357.65
$1,444,570.67
j
$15,609.,422.31
$6,626,588.90
$105$54.87
$968,540.61
-10-
Total
LIABILITIES, RESERVES AND SURPLUS
Due to other funds $ 1,151,497.90
Accounts payable 389,706.79
Salaries and wages 24,648.35
Due to Hennepin.County 10,180.80
Interest payable 29,562.48
Deferred income 9,681.00
Construction and other deposits 49,317.27
Edina Firemen's Relief Association 29,397.00
Construction contracts 408,130.57
Unexpended contributions 289034.64
Reserve for future bond interest 179,373.34
Bonds payable 14,708,000.00
Reserve for assessment adjustments 119,523.61
Reserve for construction 75,081.99
Surplus:
Invested in fixed assets 10,531,391.55
Appropriated:
For imprest cash 550.00
For debt service 172,863.75
For commitments 368,983.00
Unappropriated (deficit) 4,236,081.68
$32,522,605.72
General Poor
$ 119,333.84
79,988.00 $ 223.41
11,070.34
313.33
14,667.37
29,397.00
38,000.00
FUND BALANCE SHEETS (Cont'd)
28,034.64
725,000.00 520,000:00
2,598,635.99 1,166,088.43 211,375.42 42,120.15
550.00
52,300.00 36,500.00
368,983.00
297,467.82 31,613.42 ( 10,906.64) ( 17,233.53) 25,383.37 31,301.76
$3,558;406.69 $31,836.83 $1,206,472.37 $199,822.98 $1,064,170.15 $950,061.69
Park
Swimming
Golf.
Recreation
Park
Pool
Course
Center
$ 13,147.35
$ 55500.00
$ 259,039.80
$289,656.70
4,675:08
181.09
22446.98
13,784.35
5,433.51
$ 157.50
1,904.41,
2,027.69
20,351.68
$199,877.31
5,113.32
9,681.00
28,034.64
725,000.00 520,000:00
2,598,635.99 1,166,088.43 211,375.42 42,120.15
550.00
52,300.00 36,500.00
368,983.00
297,467.82 31,613.42 ( 10,906.64) ( 17,233.53) 25,383.37 31,301.76
$3,558;406.69 $31,836.83 $1,206,472.37 $199,822.98 $1,064,170.15 $950,061.69
Park
Park
Sewer
Liquor
Sinking
Construction
Improvement
Waterworks
Rental
Dispensary
$ 222,388.53
$ 228,810.55
$ 13,463.63
$ 157.50
32,234.69
2,027.69
20,351.68
$199,877.31
33,916.51
13,183.32
735.02
4,321.75
,10,180.80
$ 20,755.00
I
3,380.83
34,649.90
46,139.22
362,591.35.
114,740.00
64,633.34
5703000.00
12,28010000.00
575,000.00
119,523.61
47,329.74
27,752.25
I
1,096,478.49
i
5,3513116.05
13,577.09
51,999.93
84,063:75
51,862.65
2,479,252.82
578,029.64
( 108,834.55).
878,144.92
$757,357.65
$1,444,570.67
$15,609,422.31•
$6,626,588.90
$105,354.87
$968,540.61
-11-
GENERAL FUND
BALANCE SHEET
VILLAGE 'OF EDINA
December 3,1, 1969
Cash:
Demand - deposits (deficit)
Time deposits
Working :funds
Investments - at cost:
Federal Land Bank bonds
Federal Home Loan'Bank'notes
United States Treasury bonds
Federal National Mortgage Association
Certificates
Land investments
Receivables:
.Accounts receivable
Special assessments — current
Special assessments — deferred
Due from other funds
Supply inventory - estimated
`'Taxes receivable delinquent
Less allowance for delinquent taxes
Fixed .assets
ASSETS
($ 13;846.12)
35,000.00 $
$ 3,952.09
13,287.39
LIABILITIES AND SURPLUS
.Due to other funds
Accounts payable:
Trade accounts
Accrued payroll
Edina Firemen's Relief Association
Contributions 'to Edina Library .'Fund
Sundry deposits
Bonds payable
Accrued interest payable
Surplus:
Invested.in'fixed assets
Direct
Annexed from,Morningside — invested
in fixed assets
Contributed - invested in fixed assets
Appropriated:
Reserve for commitments
For imprest cash
Unappropriated
$2,504,022.88
2.7,650.00
66,963.11
21,153.:88
-550.00 $ 21,703.88
$ 50,000.00
306,561.67
77,000.00
151,585.47
67,851.16 652,998.30
$ 33,612.39
17,239.48
224;216.65 275,068.52
,,1.0,000.00
$ 48,839.19
48,839.19 -
2;598,635.99
$3;558,406.69
$ 119,333.84
$ 79,988.00
11,070.34
29,397.00
9,661.44
5,005.93 135,122.71
$ :38,000.00
3.13.33 38,313.33
$295981635.99
368,983.00
550.00
2;968,168.99
297,467.82
$3;558,406.69
-12-
GENERAL FUND
STATEMENT OF SURPLUS
VILLAGE OF:EDINA
Year Ended December 31,.1969
APPROPRIATED
Balance at January 1, 1969
Additions:
Transfers from unappropriated surplus:
Invested in
Total Fixed Assets Contributed
i
$2,724;155.30 $2,350,492.19 $66,963.11
For fixed assets - net 153,530.69
For commitments 139,483,.00
$3,017,168.99
.Deductions:
Transfer to revenue 49,000.00
Balance at:December 31, 1969 ,.$2,968,168.99
UNAPPROPRIATED
Balance at January:1,.1969
Additions:
Revenue - see separate schedule
Installment on voting machines
Less:
-Expenditures - see separate schedule
_:Deductions :
General Fund.share of: construction costs.
153,530:69
$2,504,022.88 $66,963.11
$2.,504.,022.88 $66,96311
Contributed For Imprest For
by Annexation Cash Commitments
$ 2,7,650.00 . $ :550.00 $2,78,.500.00
I
:139,4.83.00
$ 27,650.00 $ 550.00 $417,983.00
49,000.00
i
$ 2],650.00 $ 550.00. $368,983.00
$220,976.21
i
I
$2,403,584.66
1,624.00 $2,405,208.66
i
2,316,890.16 88,318.50.
$309,294..71
11,826.89
Balance at. December .31, 1969 . $297;467.82
-13-
GENERAL FUND
ANALYSIS OF CHANGE;IN CASH BALANCE
VILLAGE -.OF EDINA
Year Ended December:31, 1969
Balance at January,l, 1969
Additions:
Receipts - per separate schedule
,Sale of investments
Collection of amount due others:
Waterworks Fund
'Edina.Firemen's.:Relief Association
Collection made on accruals at
December 31,:1968
Payments received .from Independent School
District No. 273 for gasoline purchases
Receipts -- Morningside Improvement Fund
Less payments from fund
Deductions:
Payments for other funds
Disbursements - per separate schedule
Gasoline purchased for Independent School
District No. 273
Payments on accruals at December 31,.1968:
Accounts payable
Accrued.payroll
Edina Firemen's Relief Association
Due to other funds
Payment.of bonds
Purchase of investments
Land investment
Decrease in, sundry deposits
$17,010.44
29,712.00
30,227.18
;16,553:83
$50,415.50
10,330.14
2.1,274.44
26,556.89
$2,133,620.33
200,000.00
46,, 722.44
258,401.46
:17,987.49
13.673.35
$
17,521.00
2;101,003.16
18,219._81
108,576.97
16;000.00
485,147.14
67,851.16
.1,909.77
Balance at December 31,.1969
$ :166,977.82
2,670,405.07
$2,8375382.89
2,816,229.01
$ 21,153.88
-14-
GENERAL FUND
REVENUE
VILLAGE OF EDINA
Year Ended December 31, 1969
I
Actual
Revenue
Over- Under*
Estimated
Estimated
Receipts j
Accruals
Revenues
Revenue
Revenue
Real and .personal property taxes:
Received from direct.local.levies
$1,102,758.00 I
$1,102,158.00
$1,126,322.00
$24,164.00*
Received from .Sales Tax.Replacement Fund:
Personal property
.$ 30,486.00
$ 30,486.00
$ 30,486.00
$ -
-five per cent forgiveness
257,246.00
257,246.00
257,246.00
-
.Thirty
TOTAL SALES TAX REPLACEMENT FUND
287,732.00
-
287,732.00
287,732.00
$
TOTAL REAL AND'PERSONAL PROPERTY TAXES
$1,389,890.00 I
$ -
$1,389,890.00
.$1,414,054.00
$24,164.00*
Other taxes
35,736.00 j
35,736.00
33,500.00
2,236.00
Bicycle licenses
2,113.00
2,113.00
2,200.00
87.00*
Beer and liquor licenses
.1,480.00
1,480.00
1,500.00
20.00*
Cigarette licenses
1,855.00
1,855.00
1,600.00
255.00
Dog.and,impounding.fees
6,849.00 I
6,849.00
7,000.00
151.00*
Food and soft drinks
6,295.00
6,295.00
4,500.00
1,795.00
Gas pump licenses
1,372.00
1,372.00
! 1,000.00
'372.00
Bowling, taxi,.pinball, etc.
4,653:00
4,653.00
5,100.00
447.00*
Heating and ventilating.:licenses
1,413.00 j
1,413.00
i
1,413.00
Water softener installation licenses
70.00
i
'70.00
70.00
Scavenger and garbage collectors
968.00
968.00
550.00
418.00
Building permits
75,107.00
'75,107.00
62,000.00
.13,107.00
Cesspool and sewer permits
1,896.00
1,896.00
2,750.00
'854.00*
Plumbing permits
23,613.00
23,613.00
18,000.00
5,613.00
Sign permits
4.,636.00
4,636.00
3,500.00
1,136.00
Other permits and fees
150.00
150.00
- 700.00
550.00*
Heating permits
7,577.00
'7,577.00
5,500.00
2,077.00
Street opening fees
5,166.00
5,166.00
1,200.00
3,966.00
Planning fees
3,547:00
3,547.00
2,000.00
1,547.00
Engineering, clerical and searches
13,336:00
$203,476.00
216,812.00
185,000.00
31,812.00
Police service
6,398.00 �"
6,398.00
9,062.00
2,664.00*
Equipment rental
( 5,400.00)
5,977.00
577.00
600.00
23.00*
Municipal court fines
63,068.00
7`,284.00
70,352.00
56,500.00
13,852.00
Income - on.investments
.14,348.00
14,348.00
10,000.00
4,348.00
Sale and rental of property
37,378.00
37,378.00
36,518.00
860.00
State apportionment —sales and use
197,972.00
197,972.00
194,617.00
3,355.00
State 'apportionment - highway
46,909.00
46,909.00
54,500.00
7,591.00*
State apportionment — liquor and cigarette
132,727.00
132,727.00
126,080.00
6,647.00
Contribution from active funds
25,502.00
25,502.00
25,502.00
-
Charges to other funds
16,200.00
'16;200.00
16,200.00
-
Special assessment - tree trimming
6,000.00
6,000.00*
Discount earned
1,983.00 i
172.00
2,155.00
2,155.00
Other revenue
8,813.33
.4,055.33
.12,868.66
13,350.00
481.34*
Transfer - reserve for commitments
49,000.00
49,000.00
492000.00
I
-
$2,133,620.33
$269,964.33
$2,403,584.66
$2,349,583.00
$54,001.66
( ) Indicates negative amount.
-15-
GENERAL FUND
'EXPENDITURES
VILLAGE OF EDINA
Year Ended December 31, -1969
GENERAL GOVERNMENT
'Mayor and Council
Planning
Administration:
Personal services
Contractual services
Commodities
Fixed charges
Finance:
Personal services
Contractual services
Commodities
Fixed charges
Elections
Assessing:
Personal services
Contractual services
Commoditie§.;
Fixed :charges.
Legal services
Library:
Personal services
.Contractual services
Commodities
Fixed charges
TOTAL GENERAL GOVERNMENT
ADMINISTRATIVE, ENGINEERING AND'PUBLIC WORKS
Administration:
Personal services
Contractual services
Fixed charges
Engineering:
Overhead
Project engineering
General engineering
,16-
Unexpended
Disbursements
i Encumbrances
Expenditures
Appropriation
Balance
$
:10,450.00
$
'747.00
$
-11,197.00
$
:10,650.00
$
547.00*
23,548.00
i
391.00
23,939.00
26,122.00
2,183.00
$
52,912.00
$
27.00
$
52,939.00
$
53,225.00
$
:286.00
7,548.50
'
91.00
7,639.50
8,048.00
408..50
73.50
73.50
125.00
51.50
- 14,460.00
14,4.60.00
14,460.00
-
$
74,994.00
$
118.00
$
- 75,112.00
$
75,858.00
$
346.00
_$
47,368..00
$
- 47,368.00
$
47,485,.00
$
:117.00
3,124.00
$
24.00
3,148.00
3,240.00
92.00
68.00
68.00
75.00
7.00
11,220.00
:11,220.00
11,220.00
-
$
61,780.00
$
24.00
$
61,804.00
$
62;020.00
$
X216.00
:10,584.00
69.00
10,653.00
8,99.5.00
1.,658.00*
$
50,758.00
$
10.00
$
50,768.00
$,
52,360.00
$-1,592.00
.1,712.00
91.00
1,803.00
2,531.00
728.00
479.00
479.00
535.00
56.00
12,660.00
. 12,660.00
12,660.00
-
$
65,609.00
101.00
$
65,710.00
$
68,086.00
$
2,376.00
-38,186.00
5,090.00
43,276.00
i
41,560.00
1,716.00*
$
10,286.00
$
194.00
$
10;480.00
$
10,500.00
$
20.00
- 10,849.16
1,189.00
L2,038.16
11,715.00
323.16*
3,387.00
508.00
3,895.00
13,925.00
30.00
1,380.00
1,380.00
1,380.00
$
:2.5,902.16
$
;1,891.06
$
:27,793.16
-$
27;520.00
$
273.16*
$
311,053.16
$
8,431.00
$-
3,19,484.16;
:$
I
.320,811.00
$
1,326.84
$
:17,652.00
;!
$
17,652.00
$
17,705.00
$
53.00
198.00
i
19 8. 00
200.00
2.00
,4 620.00
4,620.00
j.
4,620.00
-
22,470.00
$
-
$
22,470.00
$
22,525.00
$
55.00
$
26,134.00
$
847.00
$
26,981.00
$
27,699.00
$
-718.00
.1351962.00
705.00
136,667.00
141,872.00
5,205.00
.18,178.00
'323.00
18,501.00
20,274.00
1,773.00
$
1801274.00
$
1,875.00
$
182,149.00
$
-189,845.00
$
7,696.00
,16-
GENERAL FUND
_EXPENDITURES (Cont'd)
ADMINISTRATION, ENGINEERING AND`PU BLIC WORKS (Cont'd)
Public works:
Supervision and overhead:
Supervision and clerical
Training
Paid leave
Allocated to operating :departments
General maintenance:
General
Oil and gravel streets
Asphalt streets
Concrete streets
Street.cleaning
Renovation
Curb and gutter repair
Snow and -ice removal
Alley.construction
Replacements
Street lighting
Street name signs
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 and plantings
Tree maintenance
Noxious weed control
Lake and pond maintenance
Sidewalks:
Disbursements
$ 64,064.00
530.00
28$64.00
$ 93,158.00
( 92,736.00)
$ 422.00
$ 18,281.00
28,151.00
72,985.00
7.061.00
$ 126,478.00
54,016.00
60,349.00
1,674.00
88,600.00
55,719:00
20,929.00
$ 10,534.00
8,163..00
6.580.00
$ 25;277.00
2,843.00
2,419.00
30,220.00
:3,951.00
$ 9,482.00
16,623.00
$ 26,105.00
126.00
.11,806.00
Maintenance and repair $ 876.00
Snow and ice removal 936.00
$ 1,812.00
TOTAL PUBLIC WORKS $ 512,746.00
TOTAL ADMINISTRATION, ENGINEERING AND PUBLIC WORKS $ - 715,490.00
Encumbrances
$ 429.00
,2,566.00
$ 2,995.00
$ 2,995.00
$ -8,646.00*
726.00
261.00
2,506.00
$ 5,153.00*
11,802.00
7,444.00
23 ;767.00
10,429.00
1;273.00
$ .422.00
500.00
503.00
$ 1,425.00
3.67.00
$ 1,494.00
$ 1,494.00
$ ;55, 843.00
$ 57,718.00,.
Expenditures
$ 64,4.93..00
530.00
31,130.00
$ :96,153.00
( 92,736.00)
$ .3,417.00
$ 9,635.00
28,877.00
73,246.00
9.567.00
$ 121,325.00
54,016:00
60,349.00
1,674.00
100,402.00
7,444.00
23,767.00
66,148.00
22,202..00
$ 10,956.00
8,663.00
'7.,083_:00
$ - 26,702:00
2,843.00
2,419.00
30,587.00
3,951.00
$ :10,976.00
16, 623.00
$ 27,599.00
126.00
11,806.00
$ 876.00
936.00
$ 1,812.00
$ 568,,589..00
$ .773,208.00
Appropriation
$ 64,636.00
550.00
31,180.00
$ 96,366.00
( 92,736:00)
$ 3,630.00
$ 9,800.00
29,400.00
'73,660.00
9.860.00
$ :122,72.0.00.
54;880.00
61,460.00
1,700.00
101,400.00
7,500.00
23,76.7.00
66. 376.00
22,700.00
$ 11,020.00
8,756.00
7.532.00
$ 27,308.00
2,940.00
2,600.00.
30,770.00
4,020.00
i
j $ :11,480.00
:16,800.00
$ 28, 280.00
150.00
12,080.00
I
$ 946.00
1,136 00
$ 2,082.00
$ 576,363.00
$ 788,733.00
Unexpended
72.1 a
$ :143.00
20.00
50.00
$ 2.13.00
$ 213.00
$ 165.00
523.00
414.00
293.00
$.1,.395.00
864.00
11,111.00
26.00
998.00
56.00
228.00
498.00
$ 64.00
93.00
-449.00
$ 606.00
97.00
181.00
183.00
69.00
$ 504..00
177.00
$ 6;81.00
24.00
274.00
$ 70.00
200.00
$ 270.00
$ 7,774.00
$15,525.00
-.17-
GENERAL FUND
EXPENDITURES (Cont'd)
PROTECTION OF PERSONS AND PROPERTY
Police protection:
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
Inspections:
Personal services
Contractual services
Commodities
Fixed charges
TOTAL PROTECTION OF PERSONS AND PROPERTY
NON- DEPARTMENTAL
Disbursements
$ 401,000.00
11,182.00
3,622.00
115,416.00
$ 531,220.00
$ :164,487:00
4,442.00
-3,466.00
4.7,820.00
$ 220,215.00
3,339.00
$ :14,659.00
31.00*
1,032.00
'5,400..00
$ 21;060.00
13;931.00
$ 34,624.00
3,161..00
660.00
7,920.00
$ 46,365.00
$ 836,130.00
Contingencies $ 6,110.00
Settlement of suits 3;848.00
Special assessments.on Village park.property 41,741.90
TOTAL NON- DEPARTMENTAL $ 51,699.90
CENTRAL SERVICES
See separate schedule attached
CAPITAL OUTLAY
Administration- general government
Finance
Assessing
Administration- .engineering and public works
Engineering
Public works
Police
52 269.00
TOTAL OPERATING EXPENSES $1,966,642.0
425.00
241.00
3,002.00
34.,828.00
16,982.00
Encumbrances Expenditures Appropriation
i
$ 320.00*
3,42.00
195.00
$ 217.00
$ :322.00*
.235.00
191.00
$ 104.00
51.00
$ 2,720.00*
344.00
450.00 *`'
$ 2,826.00*
1,•202.00
$ 498.00
233.00
$ 731.00
$ :521.00*
$ :1,038.00
$ -1,038.00
15, 458.00*
$ 5.1,208.00
8,725.00
234.00
$ 400,680.00
11,524.00
3,817.00
115,4.16.00
$ 531,437.00,;
$ 164,165.00
4,677.00
3,657.00
47,820.00
$ '220,319.00'
'3,390.00
$ 11,939.00
3,13.00
5.82.00
5;400.00
$ 18,234.00
'15,133.00
$ 34,624.00
3,659.00
893.00
7,920.00
$ 47,096.00
$ 835,609.00
$ 7,148.00
3,848.00
41,741.90
$ 52,737.90
36,811.00
$2,017,850.06
$ 65.00
425.00
241.00
3,002.00
43;553:00
17,216.00
$ 409,780.00
13,585.00
5,161.00
115,416.00
$ 543,942.00
$ -166,112.00
5,351.00
4,847.00
47,820.00
$ 224 ;130.00
3,392.00
$ 13,605.00
640.00
910.00
5.400.00
$ 20,555.00
15;600.00
$ 34,720.00
3,113.00
925.00
7,920.00
$ 46,678.00
$ 854,297.00
$ 7,050.00
3,850.00
41,750.00
$ 52,650.00
31.700.00
$2,048,191.00
1 $ '75.00
� 150.00
500.00
250.00
3;050.00
44,200.00
17,492.00
Unexpended
$ 9,100.00
2,061.00
1,344.00
$12,505.00
$ -1,947.00
674.00
1,190.00
$ 3,811.00
2.00
$:1 ;666.00
327.00
328.00
$ 2,321.00
467.00
$ 96.00
546.00*
32.00
418.00*
$18,688.00
$ 98.00*
2.00
8.10
$ 87.90*
5,111.00*
$30 ;340.94
$ :10.00
•150.00
75.00
9.00
48.00
647.00
276.00
-.18-
GENERAL FUND
EXPENDITURES (Cont'd)
.CAPITAL OUTLAY (Cont'd)
Fire
Public health
Inspections
Contingencies
Special assessments on Village property
'Unallocated capital outlay
RESERVE FOR COMMITMENTS
Police protection
Public works
Unallocated capital outlay
Capital.improvements
* Indicates- red figure.
Unexpended
Disbursements
Encumbrances
Expenditures
Appropriation
Balance
j
$ 55,953.00
$ :90.00
$ 561043.00
$ 56;500.00
$
457.00
292:00 i
292.00
1300.00
8.00
150.00
:150.00
12,592.00
12,592.00
12;600.00
8.00
6,3,11.10 '
6.,311.10
6,350.00
38.90
.3,670.00
16,147:00
19,817000
20;292.00
475.00
$ 134,361.10 j
$ 25,196.00
$ :159,557.10
$ 161,909.00
$
2,351.90
$ 5,700.00
$ 5,700.00
$ 5,700..00
$
-
70,733.00
'70,733.00
70,733.00
-
13,050.00
13,050.00
:13,050.00
-
50,000.00
50,000.00
50,000.00
-
$ -
$139,483.00
$ 139,483.00
$ :139,483.00
$
-
TOTAL $2,101;003:16
i
i
I
�
$215,887.00,.
-
$2,316,890.16
$2,349,583.00
I
f
$32;692.84
I
_19-
GENERAL FUND
CENTRAL SERVICES
VILLAGE OF -EDINA
Year Ended December 31, 1969
General:
Contractual services
Commodities
Village Hall:
Personal services
Contractual services
Commodities
Central services
Garage
Equipment- operation:
Personal services
Contractual services
Commodities
Fixed charges
Gasoline and fuel oil
Tires and tubes
Lubricants
Parts and accessories
Less allocations to other departments or funds
* Indicates red figure.
TOTAL GENERAL
TOTAL VILLAGE HALL
TOTAL EQUIPMENT OPERATION
TOTAL
Disbursements
$349,865.00
7,565.00
.$357,430.00
$ 11,784.00
8j698.00
3,344.00
1,620.00
$25,446.00
22,577.00
$ 53,313.00
24,191.00
12,284.00
25,080.00
27,948.00
8,162.00
3,022.00
30,392.00
$184.,392.00
$589,845.00
537,576.00
$ 52,269.00
Encumbrances
$33,636.00*
420.00
$33,216.00*
$ " :298.00
X1;508.00
1,122.00
$ 2,928.00
2,662.00
$1,093.00
1,704.00
648.00
3,431:00
591.00
393.00
4,308.00
$12,168.00
$15,458.00*
$15,458.00 ,1�
Expenditures
$316;229.00
'7,9.85.00
$324;214.00
$ 12,082.00
10,206.00
4,466.00
1,620.00
$28,374.00
25,239.00
$:54,406.00
25,895.00
12,932.00
25,080.00
31,379.00
8,753.00
3,415.00
34,700.00
$196,560.00
$574,387.00
'537,576.00
$ 36,811.00
Appropriation
$315,036.00
8,100.00
$323,136.00
$12,200.00,
10,220.00
3,850.00
;1,620.00
.$ 27,890.00
25,730.00
$'54,425.00
26,000.00
12,950.00
25,080.00
27,015.00
8,800.00
3,450.00
34,800.00
$192,520.00
$569,276.00
537,576.00
$ 31,700.00
Unexpended
$1,193.00*
115.00
$1,078.00*
$ :118.00
'14.00
616.00*
$ :484.00*
491.00
$ 19.00
;105..00
18.00
4,364.00*
47.00
35.00
100.00
$4,040.00*
$5,111.00*
$5,111.00*
-20-
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 31,1969
TOTAL
Balance
January -1,
1969
$ :276,316.24
143,,478.38
1,160,660.67
62,061.61
414,540.21
43,927.82
98,02.5.05
96,257.93
31,22.9.23
84.,707.18
1,834.15
:32,066.83
$2,445,105.30
$ 6,311.10
24,.953.00
7,3,87.00
45,387.00
.28,616.00
56,026.00
Balance
December 31,
Deductions .1969
$ 276,316.24
149,789.48
1,185,613.67
$-1,534..33 67,914.28
10,784.13
3,256.95
3,668.00 3,242.00
$172,348.10 $18,817.41
459,927.21
61,759.69
150,794.10
96,257.93
31,655.23
84.,707.18
1,834:15
32.066.83
$2,598,635.99
-21-
GENERAL FUND
BONDS PAYABLE
VILLAGE OF EDINA
December 31, 1969
Year Total
Annual maturities and
interest dates
Interest rates
1970 $10,000:00
:1971
8,000.00
.1972
5,000.00
1973
5,000.00
1974
5,000.00
1975
5.000.00
$38,000.00
-22-
Saintary Sewer
Improvement
Sanitary Sewer
No..11 and
and Watermain
Curb and Gutter
Street
Improvement
Improvement
'Improvement
No. 9
No, 12
No..14
February -1 and
February.l and
May l and
August .l
August 1.
November 1
4%
3.4%
3.9%
$2,000.00
$39000.00
$:5,000.00
3;000.00
:5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
$2,000.00
$6,000.00
$30,000.00
-22-
POOR FUND
BALANCE.SHEET
VILLAGE OF EDINA
December 31,:1969
ASSETS
Cash,on deposit
:Investments:
Village of Edina -2.5% Waterworks.Revenue
Bonds of.1955 - at face value
.Federal National Mortgage Association
Participation Certificates - at cost
LIABILITIES.AND SURPLUS
Accounts payable
Unappropriated surplus
$ 478.53
$ 6,000.00
25,358.30 31,358.30
1$31,836.83
$ 223.41
31,613.42
$31,836.83
-23-
POOR FUND
STATEMENT :OF'SURPLUS_- .UNAPPROPRIATED
VILLAGE OF EDINA
Year Ended, December, 31, 1969
Balance at January,1,.1969 i$29,274.55
Additions:
Net income for year 2,338.87
Balance at,December 31, 1969 $31,613.42
STATEMENT.'OF.REVENUES AND EXPENDITURES
Revenue receipts and accruals:
Tax settlements
Income on investments
Disbursements and accruals:
Suburban:Hennepin County-Relief,Board:
Relief.orders
,Administration
Rural'.Hennepin County.Nursing Committee
Professional.services
NET 'INCOME
Year Ended December. 31
I-
$15,403.60 $15,339.11
1;282.98 432.19
$16,686.58 $15,771.30
.$:2,261.98
962.24
10,998.49
125.00
$14,347.71
$. 2;338.87
$ 565..25
:1,058.62
:10,998.49
;100.00
$12,722.36
$:3,048.94
Increase
Decrease*
$ 64.49
850.79
'$ 915.28
$ 1,696.73
96.38*
25.00
$ ;1,625.35
$ '710.07*
-24-
POOR 'FUND
ANALYSIS:OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year:Ended December 31,,1969
Balance at January J,.1969
Additions:
Sale of investments
Tax settlements received:
March 1969
June 1969
,November 1969
Income on.investments
Deductions:
Payment . to - Suburban Hennepin County
Relief :Board:
Relief.orders
Administration
Less accounts payable at December 31, 1969
`Rural.Hennepin County.Nursing Committee
Professional.service
Purchase of investments
$ 957.76
7,463.91
o 6,981.93
,$15,403.60
- 1,282.98
$ 2,274.55
21,000.00
16,686.58
$39,961.13
$2,261.98
962.24
.$3,224.22
223.41
$ 3,000.81
10,998.49
125.00
.25,358.30 39,482.60
Balance at December 31,,1969 $ 478.53
-25-
PARK FUND
BALANCE : SHEET
:VILLAGE OF'EDINA
:December 31, 1969
ASSETS
Cash:
Demand deposits
Investments:
United,States Treasury bonds - at cost
Receivables:
Accounts receivable
Taxes receivable — delinquent
Less allowance for delinquent taxes
Due from other funds
Inventory.of.supplies — estimated
Fixed assets - on the basis of cost
LIABILITIES AND.SURPLUS
'Liabilities:
Trade accounts payable
.Accrued salaries and..wages
'.Due to other -funds
- :Unexpended_contributions:for specific purposes:
Dwight Williams:Memorial,Park
Wooddale Park- improvements and recreation program
Cornelia..Lake Park - .improvement
Braemar Sports Complex
:Teen -Age Recreation Program
Park'District:.No. -2
Park District.No..3
,Park_District.No. 4
Park District -.No. 5
'Figure skating and.skiing.,instructors' salaries
Hockey,equipment
Edina Swim Club
Other
surplus:
Invested.in fixed .assets:
Direct
.Contributed:
Property and special assessment-paid
'by.>Generai Fund $350,567.55
Property donated by others 10,558.66
-Unappropriated (deficit)_,
$ .39763.81
:3,763.81
$ :100.00
1,416.31
71.00
. 1,738.34
1,456.26
6,185.00
2,150 -00
3,400.00
-500.00
9,842.82
391.83
,146.47
4114 r_,
$804,962.22
$ 18,158.94
.12,500.00
400.00
8,725.00
600.00
,,1;166,088.43
,$1;206,472.37
$ 4,675.08
5,433.51
13,147.35
28,034..64
361,126.21 131166,088.43
( 10,906.64)
$1,206,472.37
-26-
PARK FUND
STATEMENT OF UNAPPROPRIATED.SURFLUS
VILLAGE OF:EDINA
Year Ended..December :31, 19'69
Balance (deficit).at..January,l, 1969
Additions:
Revenue for year :(see separate.schedule for details)
($.18,281.99)
257,454.35
$239,172.36
Deductions:
Expenditures for year,,including $14;205.00 for
capital outlay. 'for :fixed assets (see detail schedule) 250,079.00
.Balance (deficit) at December 31,:1969 ($ 10,906.64)
ANALYSISOF SURPLUS :'.INVESTED ,IN FIXED• ASSETS
Contr:
, By .-General
Fund by
Payment of
Special
Combined Assessments
Balance at January,!, 1969 $ 531,074.05 ;$308,825.65
Additions for the year:
Lbuted
Direct
,Investment
in Fixed
By Others Assets
$10,558.66 $211,689.74
From unappropriated surplus
14,205.00
14,205.00
Special assessments paid by
General Fund
41,741.90
41,741.90
.Transfer of .:fixed .assets
Park Construction Fund
5831,690.94
583,690.94
$1,170,711.89
$350,567.55 $10,558.66
$809,585.68
Deduct:
Fixed assets,traded.,in
4,623..46
4,623.46
Balance at December 31, 1969
$1,166,088.43
$350,567.55 $10,558.66
:$804,962.22
-27-
PARK FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE.OF -EDINA
Year Ended,December 31, 1969
Balance at January 1, 1969
Additions:
Receipts for year (see separate schedule for
details)
.Registration .fees.- figure skating and skiing
Dedicated funds:
.Teen -Age Recreation
Miscellaneous
Deductions:
Disbursements for year (see separate schedule
for details)
.Expenses - figure skating:and. skiing
Purchase of investments
Payment on accruals at�December 31, 1968:
Trade accounts
Accrued payroll
Due to other funds
Payment from dedicated funds
$ 27,272.19
$263,911.04
26,873.20
$ 4,496.12
:34.00 4,530.12 2957314.36
$322,586.55
;$253,181.00
16,883.59
:12,500.00
$ 1,986.11
4,388.02
14,371.90 20,746.03
1,116.99 304.,427.61
Balance at December 31, 1969 $:18,158.94
-28-
PARK FUND
REVENUE AND EXPENDITURES
-VILLAGE OF EDINA
Year Ended December 31, 1969
REVENUE
Real and .personal property taxes
Registration fees
Transfer from active funds
Other revenue
TOTAL REVENUE
EXPENDITURES
Administration:
Personal services
Contractual services
Commodities
Central services
Training
Paid leave
TOTAL.ADMIN.ISTRATION
Capital outlay
Recreation:
Baseball and softball
Skating and hockey
'Tennis.instruction
Playgrounds
Swimming instruction
`Teen program
Special activities
TOTAL RECREATION
Maintenance:
:Mowing
Special turf care
Planting and trees
iLitter removal
Parking areas
Building.and equipment
Skating rinks
TOTAL MAINTENANCE
TOTAL EXPENDITURES
( )'Indicates:red figure.
-29-
Actual
Revenue
Over- Under*
'Estimated
Estimated
Receipts
Accruals
Revenue
Revenue
Revenue
$113;568.00
$113.,568.00
$114,147.00
$ '579.00*
:30,504.00
($6,457.00)
24,047.00
27;000.00
2,953.00*
119,498.00
119,498.00
119,498.00
-
:341.04
.31
341.35
1,000.00
658.65*
$263,911.04
($6,456.69)
$257,454.35
$261,645.00
$4,190.65*
Unexpended
.Disbursements
Encumbrances
Expenditures
Appropriation
Balance
$,39,339.00
$ 39,339.00
$.39,800.00
$ 461.00
2 ;021.00
$ -56.00
2,077.00
2,200.00
%123.00
82.00
82.00
'125.00
'43.00
30,840.00
30,840.00
30,840.00
-
.155.00
1155.00
370.00
215.00
.92051.00
1,154.00
10,205.00
10,400.00
195.00
$ 81,488.00
$1 3210.00
$ 82,698..00
$ 83,735.00
'$ 1,037.00
22;352.00
( 8;147..00)
.14;205.00
14,200.00
:( 5.00)
$ `.4,306.00
$ 4,306.00
$ 4,350.00
$ 44.00
10,211.00
.,$ 166..00
10,377.00
10,400.00
23.00
,12 ;249.00
2,249.00
2,275.00
26.00
11,839.00
11,839.00
11,850.00
11.00
16,255.00
162255.00
16;275.00
20.00
15,853.00
( 43403.00)
. 1,450.00
1,490.00
40.00
6 331.00
37.00
6,368.00
6,150.00
( 218.00)
54..00)
57,044.00
($4;200.00)
$ 52,844.00
$ 52,790.00
($
$;11,746.00
$ 11,746.00
$13,650.00
$ 1,904.00
14,498.00
$1,229.00
- 15,727.00
16 ;980.00
1,253.00
:5,901.00
465.00
6.,366.00
02650.00
284.00
4,280.00
4,280.00
52800.00
1,520.00
43031.00
42031.00
52400.00
15369.00
24;014.00
964.00
24,978.00
26,840.00
1,862.00
.27,827.00
5,377.00
.333204.00
352600.00
2,396.00
$ 92;297.,00
$8,035.00
$100,332.00
$110;920.00
$10,,588.00
$253,181.00
($32102.00)
$2502079.00
$261.,645.00
$11,566.00
-29-
PARK FUND
FIXED.ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1969
Construction in progress:
52nd
Balance
131.26
131.26*
Balance
50th
January 1,
2,324.85
2;324.85*
December 31,
East
1969 ,
Additions Deductions
Transfers
1969
57th-and
Land
$'90,806.64
261.36*
-
$ 90,806.64
Skating rinks
:5,812.03
$639;637.84 $4.,623.46 $ -
$1,166,088.43
5,812.03
Land,improvements
:325,946.10
$ 41,741.90
367,688.00
Building
4,042.32
.4.,042..32
_ Park equipment
51,606.43
35-420.00
55,02.6.43
Furniture, fixtures and
equipment
- 2,612.78
54.00
2,666.78
Trucks, automobile and
tractors
37,023.24
10,507.00 $4,623.46
42,906:78,
Miscellaneous
6,721.32
224.00
6.,945.32
.Parks:
.Utley Park
-
22,457.91
$2;324.85
24.,782.76
Chowen Park
-
6,414..59
2.61.36
6,6.75.95
Arden Park
-
17,629.22
131.26
-17,760.48
,Normandale Park
-
47,123.53
47,123.53
Alden Park
-
30,576.10
- 30,576.10
Highlands Park
-
61,536.94
3,785.72
65,322.66
York Park
-
9,368.19
9,368.19
McGuire Park
-
3,959.00
3,959.00
Cornelia School Park
-
41,631.64
41,631.64
Nine Mile Creek Parkway
-
3,2.20.92
3;220.92
Lake Edina:Park
-
34,826.54
34,826.54
Countryside Park
-
23,227.65
23,227.65
Beard Park
-
15,160.46
15,160.46
Division Park
-
36,068.46
36,068.46
Valley View School Park
-
8,696.96
8;696.96
Garden Park
-
45,518.85
45,518.85
Heights'Park
-
26,200.40
26,200.40
Walnut Ridge Park
-
13,504.15
13,504.15
Creek Valley School Park
-
54,232.73
54,232.73
Cornelia Park
-
48,239.51
48,239.51
Weber Park
-
21,325.65
21$25.65
Sherwood Pump Park
-
.700.51
700.51
Birchcrest Park
-
2,816.49
2,816.49
Tingdale Park
-
44020.11
4,020.11
St. John's.`Park
-
733.33
733.33
Bristol Park
-
43501.10
4,501.10
Construction in progress:
52nd
and Arden
131.26
131.26*
-
50th
and Wooddale
2,324.85
2;324.85*
-
East
Mirror-Lake
3,785.72
3,785.72*
57th-and
Chowen
261.36
261.36*
-
TOTAL $53,1;074.05
$639;637.84 $4.,623.46 $ -
$1,166,088.43
-30-
SWDAMING POOL FUND
'BALANCE 'SHEET
VILLAGE :OF EDINA
December 31, 1969
ASSETS
Cash (deficit)
Fixed assets - at cost:
Land
Swimming.pool and bathhouse
Filter system
Concession 'furniture and fixtures
'Less-allowance for depreciation
($ 11,552.44)
$ '10,000.00
184.,026.67
17,000.00
:$400:00
51.25 348.75 211,375.42
$199,822.98
LIABILITIES AND, SURPLUS
Payables:
Trade accounts
Due to Park Sinking Fund
Surplus:
Invested.in fixed assets:
Acquired by.'bonds
Acquired by surplus
:Donated
Unappropriated (deficit)
$209,431.89
:1,893.53
50.00
$ :181.09
5,500.00
$ :5,681.09
211,375.42
( 17,233.53)
,,$199,822.98
-31-
SWIMMING POOL FUND
STATEMENT OF SURPLUS
'VILLAGE.OF.EDINA
Year Ended December 31, 1969
Invested in Fixed Assets
Unappro- From From
Total priated Donated Surplus Bond Fund
Balance at January 1, 1969 $190,389.82 $21,175.68* $ 50.00 $2,083.61 $209,431.89
Additions and transfers:
Net - income for the year
Interest provided-for at
December 31, 1968 included
;in operations
Provision for depreciation
Deduct:
Allocation to Sinking Fund
for interest
* Indicates -red figure.
3,252.07 3,2521.07
6,000.00 6,000.00
- 190.08 190.08*
$199,641.89 $11,733.53* $ 50.00 $1,893.53 $209,431.89
5,500.00 5,500.00
$194,141..89, $17,233.53* $'50.00 $1,893.53 .$209,431.89
-32-
SWI101ING POOL FUND
ANALYSIS W CHANGE IN CASH BALANCE
VILLAGE OF 'EDINA
Year Ended_December 31, 1969
Balance (deficit) at January.l, 1969
Additions:
Pool fees
Concession income (see separate schedule) $1,727.00
Add .provision for depreciation not
requiring ,cash 190.08
Other revenue
Deductions:
$45,195.00
1,917.08
1,550.07
Operating:expense.(see separate schedule) $39,220.00
Less accounts payable at December 31,_1969 181.09
$39,038.91
Payment made on accruals at December 31,,1968 6,179.40
Balance (deficit) .at December. 3,1, ,1969
($14;996.28)
.48,662.15
$33,665.87
45, 2.18.3.1
($:11,552.44)
-33-
. SWIMMING POOL FUND
STATEMENT OF-INCOME AND EXPENSE
VILLAGE OF EDINA
Year Ended - December 31, 1969
Revenues:
Pool fees:
Season tickets
General admissions
,Rental -.Instruction-program
Other
Operating expenses :`
Salaries and wages:
Supervision and clerical
'Lifeguards
Cashier
Basket room attendants
Watchmen
Maintenance
Light and power
Water and sewer
Gas
Telephone
Rubbish hauling
'Insurance
'Repairs -and maintenance
Cleaning supplies
Water treatment
General supplies
Annual audit
Printinvand office expense
Central services
Other
Interest on bonds
Income from concessions.- see separate schedule
$ '3,866.00
11,254.00
1,153.00
3,926.00
849.00
4,160.00
$38,.680.00
6,515.00 ,..$45,195.00
1,500.00
50.07
$46;745.07
$ 25,208.00
2;213.00
30.00
3;094.00
150.00
150.00
325.00
2;455.00
.138.00
1,249.00
1,023.00
125.00
447.00
.2,580.00
33.00
39,220.00
$ 7,525.07
6,000.00
$:1,525.07
1;727.00
NET `INCOME'FROM OPERATION $:33252.07
-34-
SWIMMING POOL FUND
STATEMENT OF INCOME AND-EXPENSE .(CONCESSIONS ONLY)
VILLAGE OF EDINA
Year Ended December 31, 1969
Gross 'Profit
Operating :expenses:
Salaries and wages:
Manager
.Clerk
Supplies
Repairs and maintenance
Provision for depreciation
$93415.00 $4,878.00 $4,537.00
$ :443.00
2,017.00 2,460.00
:80.00
80.00
190.00
NET :INCOME
2,810.00
$1,727.00
Per Cent
to Sales
45.83%
52.08
75.47
37.46
27.24
61.68
48.19%
-35-
Cost of
Sales
Sales
Amount
Soft drinks
$.1,379.00
$ 747.00
$ 632.00
Soft ice cream
3,030.00
1,452.00
1,578.00
Popcorn
1,753.00
430.00
%1,323.00
Pies
590.00
369.00
221.00
Cakes
2,496.00
1,816.00
680.00
Other
167.00
64.00
103.00
Operating :expenses:
Salaries and wages:
Manager
.Clerk
Supplies
Repairs and maintenance
Provision for depreciation
$93415.00 $4,878.00 $4,537.00
$ :443.00
2,017.00 2,460.00
:80.00
80.00
190.00
NET :INCOME
2,810.00
$1,727.00
Per Cent
to Sales
45.83%
52.08
75.47
37.46
27.24
61.68
48.19%
-35-
SWIMMING POOL-FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1969
ASSETS,
Land
Swimming pool and bathhouse
Filter system
Concession furniture and equipment
ALLOWANCE FOR DEPRECIATION
Concession furniture and- equipment
'Balance Balance
January.l, December 31,
.1969 Additions Deductions 1969
$40,000.00 $ 10;000.00
184,026.67 184;026.67
17,000.00 175000.00
3,802.37 $3,402.37 400.00
$214,829.04 $ - $3,402.3.7 $211,426.67
$ 3,263.54 $190.08 $3,402.37 $ 51.25
NET 'BALANCE ...$211,565.50 $211,375.42
-36-
GOLF COURSE FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1969
ASSETS
Cash:
On deposit:(deficit)
Working :funds
Investments:
Federal:National Mortgage Association - at cost
Accrued interest
Accounts receivable
Due from other funds
Prepaid expenses
Fixed assets - at cost:
Golf course
Buildings
Well
Parking lot and roadways
Equipment
Less allowance for depreciation
Accounts payable
Due to other funds
Loan from Liquor Dispensary Fund
Bonds payable
Surplus:
Appropriated - for debt service
Unappropriated
$71,550.98
32,592.11
LIABILITIES AND SURPLUS
($ 3)203.06)
50.00 ($ 31153.06)
$ 75,358.30
113.89 75,472.19
82.60
18,694.70
.148.54
$726,414.02
182,906.82
15,018.15
9,627.32
38,958.87 .972,925.18
$1,064,170.15
$ 2,446.98
9,039.80
250,000.00
725,000.00
52,300.00
25,383.37
$1,064,170.15
-37-
� --,
GOLF COURSE FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1969
Appropriated
for Debt
Service
Balance (deficit) at January 1, 1969 $52,300.00
Add net income for the year
Balance at December 31, 1969 $52,300.00
Unappropriated
($15,057.31)
.40,440.68
$25,383.37
-38-
GOLF 'COURSE 'FUND
ANALYSIS OF-:CHANGE-IN CASH BALANCE
VILLAGE.OF EDINA
Year Ended _December 31, 1969
Balance at January 1,.1969
Additions:
Revenue - see separate schedule
,Net income - operating department -
see separate schedule
Add depreciation included therein
not requiring cash
Sale of investments
Income on.-investments
Decrease in accounts receivable
Decrease in prepaid expenses
Increase in. liabilities:
Balance at December 31, 1969:
Accounts payable
Due to other funds
Balance at January-1, 1969:
Accounts payable
Due to other funds
Deductions:
Operating expenses - see separate
schedule
Investments purchased
Fixed assets :purchased,.less
carrying value of disposals
Payment to fiscal agent:
Principal
Interest
Service charge
.Interest paid .Liquor Dispensary Fund
Increase in amount due from other
funds
$ 3,334.08
$174,072.68
$21,148.00
1,914.00 23,062.00
10,307.34
3,450.00
1,638.30
19.87
$ 2,446.98
9,039.80 11,486.78
$ 958.22
:8,750.00 9,708.22 1,778.56 214,328.75
$217,662.83
$119,665.00
25,472.19
:3,0,96.00
$25,000.00
.24,450.00
61.00 $49,511.00
8,750.00 58,261.00
14,371.70 220,865.89
Balance (deficit) at December 31,,1969 ($ 3,203.06)
-39-
GOLF.COURSE'FUND
STATEMENT OF INCOME AND EXPENSE
VILLAGE.OF EDINA
Year Ended December 31, 1969
Revenue:
Membership fees
Green fees:
Regular course
Short course
Rental - 1969 Golf:Classic
Locker rental
Other
Operating expenses:
Administration:
Salaries and wages:
Manager - pro
Supervision
Rangers and starters
Cashiers, clerical and other
Audit
Printing
Supplies
Insurance and alarm system
Retirement,.insura.nce,.office supplies, etc.
Travel and mileage
Other
Building. - club-house and pro shop:
Salaries and wages
Utilities:
Telephone
Water and sewer
'Fuel
.!Light and power
Laundry
Rubbish hauling
Less amount charged to grill
Insurance
Repairs - building.and.equipment
Supplies
Other
$1,235.00
123.00
.1,243.00
1,576.00
1,196.00
480.00
$5,853.00
1.,756.00
$ 1,926.00
4,097.00
172.00
3,608.00
1,461.00
.197 nn
$122,182.00
18,965.00
$ 3,900.00
7,300.00
2,398.00
8,189.00
$ 2.1,787.00
550.00
1,483.00
137..00
741.00
8,460.00
148.00
251.00
$:33,557.00
11,391.00
$ 23,124.00
141,147.00
8,250.00
1,320.00
23.1.68
$174,072.68
-40-
GOLF COURSE FUND
STATEMENT OF 1NCOME AND EXPENSE (Cont'd)
Operating expenses (cont'd):
Maintenance -of course and grounds:
Salaries and wages:
Superintendent
$ 9,180.00
Maintenance
, 31,463.00
$40;643.00
'Equipment rental
547.00
'Telephone
219.00
Light and power
3,751.00
Fuel
358.00
Fertilizer and .chemical
7,202.00
Sod, black dirt and seed
22399.00
Blacktop, sand and gravel
1,091.00
Repairs
835.00
Lumber
645.00
Equipment.operation
,11,400.00
U.S.G.A. visiting service
200.00
Supplies
5,400.00
Other
27.00
$ 7.4,717.00
$119,665.00
$:54;407.68
Net income - operating departments -
see
separate schedule
$ 21;148.00
'Income-on-investments
32450.00
'24,598.00
INCOME BEFORE INTEREST AND'DEPRECIATION
$.79,005.68
Interest expense:
On 'bonds
On loan from.Liquor Dispensary Fund
Provision for depreciation
$:24,511.00
8,750.00
INCOME BEFORE DEPRECIATION
NET INCOME
33,261.00
$ 45,744.68
5,304.00
$ 40,440.68
-41-
:GOLF_COURSE FUND
STATEMENT OF INCOME AND'EXPENSE - OPERATING DEPARTMENTS
VILLAGE OF'EDINA
Year Ended December 31,:1969
Driving range:
Revenue
Less operating expenses:
Salaries and wages
Replacement - balls
Supplies
Provision for depreciation
Grill:
Sales:
Food
Beer
Other
Less cost of.goods sold:
Food
Beer
Less operating expenses:
Salaries and wages:
Manager
Cooks, waiters and waitresses
Insurance — liability
Dishes, napkins, tools, etc.
Repair work
Expenses - .prorated
Provision for depreciation
Other
$ 4,701.00
2, 898.00
720.00
888.00
$17,640.00
4.,182.00
$:3,705.00
9,900.00
.$13,605.00
154.00
195.00
506.00
1,756.00
1,026.00
233.00
$24,046.00
9,207.00
$33,654.00
:11,444..00
508.00
$45,606.00
21,822.00
$23;784..00
$14,839.00
17,475.00 62309.00
NET INCOME .$21,148.00
-42-
GOLF COURSE .FUND
FIXED ASSETS
- VILLAGE OF EDINA
Year Ended December 31, 1969
-43-
Balance
Balance
January.l,
December
31,
1969
Additions
Deductions
1969
ASSETS
Golf course
$
726,414.02
$
726,414.02
Buildings:
Club house
$
174,202.26
$
174,202.26
Maintenance building
6,,491.92
0,491.92
Range building
2,212.64
2;212.64
$
182,906.82
$ -
$ -
$
182,906.82
Well
15,018.15
15,018.15
Parking lot and roadways
9;627.32
9;627.32
Equipment;
Golf'course equipment
$
41,766.57
$2,130.00
$ 550.00
$
43,346.57
Clubhouse equipment
8,100.91
8,100.91
Pro -shop equipment
2,446.19
1,500.00
3,946.19
Range equipment
-6,160.93
6,160.93
Concession equipment
10,516.38
520.00
9,996.38
$
68,990.98
$3,630.00
$1,070.00
$
71,550.98
$1,002,957.29
$3,630.00
'$1,070.00
$1,005,517.29
ALLOWANCE FOR DEPRECIATION
Golf course equipment
$
14,360.71
$4,255.66
$ 275.00
$
18,34.1.37
Club house equipment
2,712.90
728.48
3,441.38
Pro -shop equipment
1,019.21
319.63
1,338.84
Range equipment
3,510.07
887.59
4,397.66
Concession equipment
.4,307.22
1,025.64
260.00
5,072-.86
$
25,910.11
$7,217.00
$ :535.00
$
:32,592.11
NET BALANCE
.$
:977,047.18
$
:972,925.18
-43-
GOLF.COURSE.FUND
BONDS PAYABLE
VILLAGE OF EDINA
December 31, 1969
Annual maturity and interest date December 1
and June l
Interest rate 2.87. to 3.5%
Year
1970' $- 25;000.00
1971 35,000.00
1972 35,000.00
1973 35,000.00
1974
35,000.00
1975
35,000.00
1976
'35;000.00
1977
40,000.00
1978
40,000.00
1979
40,000.00
1980
40,000.00
1981
40,000.00
1982
40,000.00
1983
50,000.00
1984 50;000.00
1985 50,000.00
1986 50,000.00
•1987 50, 000.00
TOTAL $725,000.00
-44-
RECREATION CENTER FUND
BALANCE SHEET
VILLAGE OF EDINA
December '31, 1969
ASSETS
Cash:
On deposit (deficit) ($ 703.94.)
Working fund 1,000.00 $ 296.06
Investments:
Federal National Mortgage Association - at cost
$:167,071.88
Accrued interest
614.84
$167,686.72
United _States,Treasury bonds - at cost
$ 5,000.00
Accrued.interest
18.56
5,018.56
172,705.28
Accounts receivable
4,241.50
Due from other funds
8,000.00
Merchandise inventory - at cost
1,795.36
Advance to Park Construction Fund
200,000.00
Prepaid insurance
903.34
Fixed assets - on the basis of cost:
Land improvements
$:32,185.72
Building
511,693.34
Furniture and equipment
$ 27,773.77
Less allowance for depreciation
9,532.68
18,241.09
562,120.15
LIABILITIES AND SURPLUS
Accounts.payab.le
Accrued payroll
Accrued interest
Due to other funds:
Golf Course Fund
Permanent Improvement Revolving Fund
Liquor Fund
Deferred income
Bonds payable
Surplus:
Invested in fixed assets:
Direct
Contributed
Appropriated.- for debt service
Unappropriated
$14,656.70
100,000.00
.175,000.00
$36.,070.15
6,050.00
$950,061.69
$ 13,784.35
1,904.41
5,113:32
289,656.70
$310,458.78
9,681.00
520,000.00
42,120.15
36,500.00
.31,301.76
$950,061.69
-45-
.'RECREATION CENTER FUND
STATEMENT OF SURPLUS
-VILLAGE 'OF.EDINA
.Year Ended December'31,,1969
Appropriated
Contributed
Invested in
Invested in
For Debt
Unappropriated
Fixed. Assets
Fixed Assets
Service
Total
Balance rat ~January.'1, -.1969
$25,627.46'
$18,379.73
$7,150.00
$362500.00
$62,029.73
Additions:
Net..income for year
22,264.72
Fixed assets purchased
41240.00*
43,240.00
4.,240.00
Transfers:
Payment -of bonds.
1531000.00*
15,000.00 I
`15,000.00
Provision for depreciation
2,649.58
1,549.58* l
= 1100.00*
25649658*
Balance at December 31,.196.9
$31;301.76
$36,070.15
$6,050.00
$36,500.00
$78,620.15
Indicates-red-figure.
i
I
I
I
i
I
i
I
I
i
I
-46-
RECREATION CENTER FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended .December 31,:1969
Balance at January 1, 1969
Additions:
Excess:of revenue over expenses -
see
separate schedule
$22,264.72
Add depreciation included therein
not
requiring :cash
2,649.58
Sale of :investments
Loan from Liquor Fund
Sale of bonds
Decrease in inventory
::Decrease.in due from other funds
Increase in deferred income
Increase.in liabilities:
Balance at 12/31/69:
Accounts payable
$13,784.35
Accrued.payroll
1,904.41
Accrued interest
5,113.32
Due to other funds
14,656.70
$35,458.78
Balance at January 1, 1969:
Accounts payable
Accrued payroll
Accrued interest
Due to other funds
Deductions:
Purchase of investments
Advance to Park Construction Fund
Payment of bonds
Additions to fixed assets
'Increase.in working:fund
'Increase in prepaid insurance
Increase.in accounts receivable
$ 24,914.30
15,461.01
175,000.00
100,000.00
341.62
933.65
618:00
$:7,984.94
1,381.65
4,696.67
:550.00 14,613:2,6 20,845.52
$142,705.28
200,000.00
15,000.00
4,240.00
200.00
52.60
356.00
Balance (deficit) at December 3,1, 1969
$ 23,735.84
338;114.10
$361,849.94
362,553.88
($ 703.94)
-47-
RECREATION - CENTER FUND
STATEMENT 'OF 'INCOME AND EXPENSE
VILLAGE .OF 'EDINA
Year Ended December 31, 1969
Revenues:
Season tickets
Daily fees
Spectator fees
Ice rental
Skate sharpening and repair
Other
Concession income
Less operating.expense:
Cost of food sold
Salaries and wages
Operating expenses:
Salaries and wages:
Manager
Supervision and clerical
Ice guard
Cashier and ticket takers
Custodian
Maintenance
Organist
Other expenses:
Light and ..power
Fuel and heat
Central services
Equipment maintenance
Lumber and paint
Mileage and conference expense
Telephone
Printing
Supplies
Insurance
Audit
Tartan surfacing
Rubbish hauling
Other
Income on investments
Interest on bonds
Provision for depreciation
$18,642.00
$ 5,621.00
2,371.00 7,992.00
$9,719.00
3;321.00
.1,449.00
3,741.00
9,035.00
23,616.00
.1,015.00 51,896.00
$10,085.00
11,566.00
10,560.00
7,785.00
1,702.00
282.00
1,130.00
1,.358.00
9,108.00
1;239.00
450.00
2,345.00
450.00
178.00 58,238.00
INCOME BEFORE DEPRECIATION
NET 'INCOME
$-19,930.00
:10,867.00
21,563.00
75,486.00
6.,209.00
552.30
.10,650.00
$145;257.30
110,134.00
:3,342.00
$:38,465.30
13,551.00
$ 24,914.30
2.649.58
$ 22;264.72
-48-
RECREATION CENTER FUND
FIXED ASSETS
VILLAGE OF:EDINA
Year Ended December 31, 1969
Balance Balance
January 1, December 31,
1969 Additions Deductions 1969
ASSETS
Land $32;185.72 $'32,185.72
Building 511;693..34 511,693.34
Furniture and.equipment 23,533077 $4,240.00 27,773.77
$567,412.83 $4,240.00 $ - $571,652.83
ALLOWANCE FOR'DEPRECIATION
Furniture and equipment $ 6,883.10 $2,649.58 .$ $ :9,532.68
NET BALANCE $560,529.73 $562,120.15
-49-
RECREATION-CENTER FUND
BONDS PAYABLE
VILLAGE OF EDINA
December 31,.1969
Annual maturity and
.interest date March l and March l and February l and
September .1 September l August l
Interest rate 3% to 3% 5%
3.3%
.Year
Series A
Series -B
Series C
.Total
1970
$ 10,000.00
$ :5,000.00
$ 10,000.00
$ 25,000.00
1971
10,000.00
.5,000.00
10,000.00
25,000.00
1972
10,000.00
5,000.00
:10;000.00
25,000.00
1973
20,000.00
10;000.00
110,000.00
40,000.00
1974
20,000.00
10,000.00
10,000.00
40;000.00
1975
20,000.00
X10,000.00
10,000.00
'40,000.00
1976
- 20;000.00
10,000.00
10,000.00
40,000.00
:1977
20,000.00
10,000.00
.10,000.00
40,000.00
'1978
30,000.00
15,000.00
:10,000.00
'55,000.00
1979
30,,000.00
15,000.00
10,000.00
55,000.00
1980
30,000.00
15,000.00
- 45,000.00
1981
30,000.00
15,000.00
45,000.00
1982
30,000.00
115,000.00
'45,000.00
TOTAL $280,000.00 $140,000.00 $100,000.00 $520,000.00
-50-
PARK SINKING FUND
BALANCE 'SHEET
VILLAGE OF EDINA
December 31, 1969
ASSETS
Cash:
Demand deposits
Investments:
United - States Treasury .notes - at face value
Federal Home Loan Bank notes - at cost
United States Treasury bonds - at cost
Receivables:
Due from Swimming•Pool Fund
Taxes receivable — current and delinquent
Taxes receivable — deferred
Less allowance for delinquent and
uncollectible taxes
$ 25,000.00
51,119.16
27,500.00
$ 5,500.00
$ 1,263.49
103,619.16
$ 65,542.73
616,000.00
$681,542.73
34,567.73 646,975.00 652,475.00
.$757,357.65
LIABILITIES, RESERVE AND SURPLUS
Amount payable during J970:
Interest $ 20,755.00
Bonds 40,000.00
$ 60,755.00
Bonds payable $570,000.00
'Less current portion —shown above 40,000.00 530,000.00
Reserve for-future interest' $135,495.00
,Less current portion - shown above 20,755.00 :114,740.00
Unappropriated surplus 51,862.65
$7572357.65
-51-
PARK SINKING FUND
STATEMENT OF 'SURPLUS
VILLAGE'.OF EDINA
Year Ended December 31, 1969
Balance at January 1, 1969
Additions:
Income on investments
Transfers:
Reserve -for future interest $22,135.00
Reserve for uncollectible taxes 9;245.00
Deductions:
Allowance for delinquent-taxes
Payment to fiscal agents:
Interest .$2.1,410.00
Service charge 124.42
Balance at December 31, 1969
:$ 3,665.08
'31,380.00
$ 4,962.51
$43,314,.50
35,045.08
$78;359.58
21,534.42 26.,496.93
$51,862.65
-52-
PARK SINKING FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1969
Balance at January.l, 1969
Additions:
Tax settlements received from county:
March 196.9
June 1969
November 1969
Sale of investments
'Income on investments
Payment received on amount due from
other funds at December 31, 1968
Deductions •
Purchase .of investments
Payment to fiscal agents:
Principal
'Interest
Service charge
Payment of amount due other funds
Balance at December 31, 1969
$ :4,160.49
30:,833.72
-28,363.28
$30,000.00
21,410.00
124.42
$:17;917.50
$63,357.49
41,477.00
3,665.08
6,000.00 114,499..57
$132,417.07
$78,619.16
51,534.42
1,000.00 131,153:58
$ 1,263.49
-53-
PARK .SINKING FUND
BOND AND'INTEREST MATURITIES AND DEFERRED TAX LEVIES
VILLAGE '.OF EDINA
December 31,:1969
Annual maturity and
interest date
March.l, June 1,
September 1 and
December 1
Interest rates
2.7% to-3.90%
Excess of Deferred
-Levies over
Bond and`Interest Deferred
,Year
Bonds.
Interest
Maturities
Levies
1971
$ 40,000.00
$ 19,3,75.00
$10;625.00
$70,000.00
1972
50,000.00
17,810.00
3,190.00
71,000.00
1973
50,000.00
16,040.00
5,960.00
.723000.00
.1974
50.,000.00
14,230.00
7,770.00
'72,000.00
1975
50,000.00
12,380.00
10,620.00.
73;000.00
1976
40,000.00
10,530.00
123470.00
63;000.00
1977
50,000.00
8,775.00
5,225.00
642000.00
1978
50,000.00
6_,825.00
8,175.00
65,000..00
1979
50,000.00
4,875.00
11,125.00
66,000.00
1980
50,000.00
2,925.00
52,925.00*
1981
50,000.00
.975.00
50,975.00*
TOTAL $530,000..00
$1.14,740.00
$28,740.00*
$616,000.00
* Indicates red figure.
-54-
PARK CONSTRUCTION-FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1969
ASSETS
Cash:
On deposit
Investments:
Edina Park System bonds - at face value
United States Treasury bonds - at face value
Federal Home'Loan Banknotes - at cost
Fixed assets - at cost:
Land
Construction in progress
_LIABILITIES,- RESERVE AND SURPLUS
Trade accounts payable
Due to other funds
Contracts-payable-for purchases of ;land
Advance from Recreation Center.Fund
Reserve for construction
Surplus.invested in fixed assets
$:15,000.00
10,000.00
76,640.42
312:54
:101,640.42
$963,574.24
379,043.47 1,342,617.71
$:1,.444,570.67
$ :323234.69
22,388.53
46,139.22
200,000.00
47,329.74
:1,096,478.49
$1,444,570.67
-55-
PARK CONSTRUCTION FUND
ANALYSIS OF RESERVE FOR CONSTRUCTION
VILLAGE OF'EDINA
Year Ended December 3,1, 1969
Balance at January 1, 1969
Additions:
Transfer from Liquor Dispensary Fund
Other
Deductions:
Purchase of.fixed.assets
Contract payments for purchase of .land
Transfers from Recreation Center Fund
$130,000.00
786.97
$287,761.44
31,400.00
$319,161.44
$;35,704.21
130,786.97
$166,491.18
200,000.00 119,161.44
Balance at December 31,.,1969 $ 47,329.74
-56-
PARK CONSTRUCTION FUND
ANALYSIS OF CHANGE-IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1969
Balance at -January 1, ,1969
Additions:
Transfer from Liquor Dispensary Fund
Payment from other funds
Advance from Recreation Center Fund
Sale of investments
'Miscellaneous
Deductions:
Purchase of fixed assets:
Recreation Center
Other
Purchase of: investments
'Decrease.in:liabilities: .
Balance at January.l, 1969:
.Accounts payable
Due to other funds
Contracts payable
Balance at December 31, 1969:
Accounts payable
Due to other funds
Contracts payable
$32,234.69
:22,388.53
46,139.22
$101;247.04
186,1514..40
$ 1,699.2.9
:46,144.85
61,839.22
.$109;683.36
$130,000.00
:1,550.00
200,000.00
40;000.00
- 786.97
287,761.44
86.,640.42
$:11,298.35
372;336.97
$383,635.32
100,762.44 8,920.92 383;322.78
Balance at December 31, 1969 $ 312.54
-57-
PARK CONSTRUCTION FUND
FIXED. ASSETS
VILLAGE OF EDINA
December.31,.1969
Land:
Garden Park
Braemar Park
Cornelia School Park
Pamela Park
Alden Park
Beard Park
Arden Park
Countryside Park
Lake Edina -Park
York Park
Birchcrest Park
Division Park
Normandale Park
Walnut Ridge Park
Heights Park:
Valley View School site
Creek Valley School Park
Mud Lake
Cornelia Park
:Morton Arneson Park
Construction in progress:
Pamela Park
Braemar Park
Mud Lake
Historical site
Recreation Center
SUMMARY OF CHANGES;IN FIXED ASSETS
Balance at January -1, 1969
Purchase of :fixed.assets
Deduct:
Transfer to Park Fund (see separate schedule)
$,15,007.09
230;5,70.37
12,639.48
2,440.00
23,506..60
26,715.00
1,250.00
18,300.00
30;330.00
7;369.21
.1.1,620.22
16,908.88
16,594.04
3,466.84
23,537.13
1,217.55
38,809.53
395,614.60
85,126.65
2,551.05
$2222015.43
33;590.28
10,497.74
11,692.98
101,247.04
TOTAL
Balance at December 31, 1969
_$ :963;574.24 -
379,043.47
$,1,342,617.71
$1,638,547.2,1
287,761.44
$1,.926,308.65
583,690.94
$1,342,617.71
-58-
PARK CONSTRUCTION FUND
ANALYSIS OF CHANGES IN CONSTRUCT.ION.IN PROGRESS
VILLAGE OF EDINA
December 31„ 1969
$784,698.47 $178,035.94 $583,690.94 $379,043.47
_ -59-
Balance
Transfers
Balance
January 1,
to
December 31,
:1969
Additions
Park Fund
1969
Utley Park
$ 22,3,78.91
$ 79.00
$ 22,457.91
$ -
Chowen Park
6;414.59
6,414.59
-
Cornelia Park
47,895.13
344.38
48,239.51
-
Pamela Park
196,975.39
25,040.04
222,015.43
Arden Park
17,629.22
17,62,9.22
-
Normandale Park
47,123.53
47,123.53
-
A1den.Park
30,576.10
30.,576.10
-
Highlands:Park
61,036.94
500.00
61;536.94
-
.York Park
9,368.19
9,368.19
-
McGuire Park
3,959.00
3 ;959.00
-
Beard..Park
14,677.46
483.00
15,160.46
Cornelia School Park
41,439.64
192.00
41,631.64
-
.Lake-Edina Park
34,682.54
.144.00
34,826.54
Countryside-Park
23,227.65
23,227.65
-
Braemar:Park
31,926.91
1,663.37
33,590.28
Division Park
34;928.79
1.,139.67
36 ;068.46
-
Valley View School site
8,696.96
8,696.96
-
Garden Park
45,518.85
45,518.85
-
Walnut.Ridge Park
9,660.15
3,844.00
13,504.15
-
Heights Park
25,891.11
309.29
26,200.40.
-
Creek Valley,School Park
35,616.14
.18,616.59
54,232.73
-
St. John's Park
733.33
.733.33
-
Tingdale Park
3,941.11
79.00
4,020:11
-
Birchcrest Park
2,816.49
2;816.49
-
Bristol Park
4,501.10
4,501.10
-
Nine Mile Creek Parkway
3,220:92
3,220.92
-
Sherwood Pump,Park
700.51
700.51
-
Mad Lake
1,250.00
9,247.74
10,497.74
Weber :Park
17,911.81
3,413.84
21,325.65
-
Historical site
-
11,692.98
:1.1,692.98
Recreation Center
-
101.247.04
.101.247.04
$784,698.47 $178,035.94 $583,690.94 $379,043.47
_ -59-
IMPROVEMENT FUNDS
COMBINED BALANCE SHEET
VILLAGE OF EDINA
December 31, 1969
ASSETS
Cash:
Demand deposits
Time deposits
Investments
Receivables:
Special assessments:
Current. - certified in:1969 - collectible in 1970
Delinquent
Deferred
Assessments receivable - Village share of projects:
Deferred
Less allowance for delinquent taxes
Due from other funds
Due from Construction Fund for advances
Construction.in progress:
Current
Deferred
Unallocated construction cost .
Sundry receivable
LIABILITIES, RESERVE AND SURPLUS
Accounts payable
Accrued interest
Due to Hennepin County
Due to other funds
Construction contracts payable
Advance from .Improvement Funds
Bonds payable
Construction deposits
Reserve for assessment adjustments
Reserve for construction
Unappropriated surplus
Total
:$ 105 ;671.70
100,000.00
$ 205,671.70
:2,409;625.61
$:1,780 ;655.04
272,419.34
8,117,147..24
250;328.03
10,420,549.65
779.825.86
$9,640,723.79
233,583.30
2,656,905.48
362;591.35
100,121.57
199.51
$ -
2;759,995.27
i
$15,609,422.31 $2 ;759,995.27
$ 2;027.69
64,633.34
10,180.80
228,810.55
362,591.35 ;
$2,759,995.27
12,280,000.00
•34,649.90
119,523.61
27,752.25
2,479,252.82
$15,609,422.31 $2,759,995.27
N
Joint
Permanent
Sanitary
Improvement
Municipal
Sewer
Improvement
Sewer Southdale
Bond
State -Aid
Construction No. 1
Revolving
No.153 Improvement
Redemption
Street Bonds
$ 86,967..10
$ 86,967.10
152,302.08
..133,583.30
$2;564..40
$2,564.40
2,656,905.48
362, 591.,35
16,619.20
199.51
$3,409,168.02 $2,564.40
$ 224,179.25
362,591.35
2,759,995.27
34,649.90
$ 175.09
$ :175.09
149,271.26
$ .:5,389.71
31;300..52
886.64
$ 37,576.87
31.614.34
$ 5,962.53
100,000.00
100.'000.00
$ 471.11
$ 471.11
147,071,88
$ 23;338.43
4,.167.31
58,333.31
38,574.08
$124,413.13
10.179.60
$114,233.53
i
I
$355,408.88 $261,776.52
I
$ 67.40 $ 193.40
4,631.30
200,000.00
$ 1,035.32 $ 14,207.50 $251.18
100,000.00
$1,035.32 $ :114,207.50 $251.18
80,460.42 1,880,519.97
$ 1,751,926.90
236,951.51
8,057,927.29
211,753.95
$ - $10,258,559.65 $ -
•738,031.92
$ - $9,520,527.73 $ -
2,659,995.27
83,502.37
$81,495.74 $14,258,752.84 $251.18
$ 2;027.69.
:$ 600.00 64.,033.34
10,020.00
60,000.00 12,020,000.00
7,862.91 12,673.60 98,987.10
27,752.25
$2,564.40 342,847.27 61,683.12 82222.14 2,063,684.71 $251.18
$3,409,168.02 $2,564.40 $355,408.88 $261,776..52 $81,495.74 $14,258,752.84 $251.18
IMPROVEMENT FUNDS
i
STATEMENT OF SURPLUS - .UNAPPROPRIATED
i
VILLAGE OF .EDINA
Year Ended December 31, 1969
Joint
Permanent
Sanitary
Improvement
Municipal
Sewer
Improvement
Sewer
:Southdale
Bond
State -Aid
Total
No. 1.
Revolving
No. 53
Improvement
Redemption
Street Bonds
Balance at January 1,, 1969
$2,204.;145.58
$2,564.40
$335,424.55
$72,693.21
$6;648.89
$11-786 ;563:35
$251.18
Additions:
.Interest spread on assessments
for collection
I
-in 1970
$ 504,327.37
$ .341.10
$ 3,889.74.
I
$ 500,096.53
;Income on investments
85,307.25
7,114.92
4,2.76.68
$3,47300
70,442.65
Capitalized interest
135,920.00
.1.35,920.00
Mi_ "scellaneous income
4;186.12
4 ;186.12
$ 729,740.74
$ -
$ 7,456.02
$ 8,166.42
$3,4.73L00
'$ 710,645.30
$ -
Deductions:
Interest.on bonds
$ 410,864.54
$ -7,440.00
$11875600
$ .401,549.54
Bank service charges
2,651.28
105.30
24x75
2,521.23
Cost of bond sale
3,081.96.
.j
3,081.96
Cancellations and adjustments
:13,083.83
12,806.57
277.26
$ .429,681.61
$ _
$ -
$20;351.87
$.1,899;:75
$ :407,429.99
$ -
$2;504.,204.71
$2,564.40
$342,880.57
$60,507:7.6
$822221114
A2,:089,778.66
$251.18
Transfers - add .- (deduct):
I
Allowance for delinquent taxes,
( 24,951.89)
( 33.30)
1;175.36
!'i
( 26,093.95)
Balance at December 31, 1969
$2,479,252.82
.$2.,564.40
$342,847.27
$61;681.12
$8,222;.14
II
I
$2,063,6.84.71
$251.18
,I
I
-61-
.IMPROVEMENT FUNDS
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1969
Balance at January 1, 1969
Combined
$ 118,522.10
Joint
Sewer
Construction No. 1
$ 29- ,664.83* .$2,564.40
.Additions:
Sanitary
Improvement
Municipal
Collections on special assessments:
Sewer,
Southdale
Bond
State -Aid
'By County.Auditor
No. 53
Improvement
$1,6149142.45
Street Bonds
By Village.
$:6,320.79
372,960.56,
$ 4,013.49
Proceeds from sale of bonds
$ 251.18
$ 3,855.82
2;504,186.12
Sale of investments
469.33
1,518,140.24
Advance from .Improvement.Bond.Redemption Fund
2,5002000:00
$2,500,000.00
Payment received on connection charges
27,114.92
27,717.73
$44,950.00
Construction deposits received
11,816.95
i 11,816.95
Payments received from .Municipal State - Aid Street
Fund
218,509.45
21,803.20
Collections received on accruals at December.
31,.1968
93,579.33
86,617.55
$8,861,052.83
$2:,620,237.70
Deductions:
Construction costs charged to others:
General Fund
$ 91,870.39
Permanent Improvement Revolving Fund
4,631.30
Park Fund
1,229.45
Waterworks-Fund
.13,463.63
Improvement Bond Redemption Fund
1,982,335.50
Park Construction Fund
22,388.53
State of Minnesota Highway Department -
State -Aid Division
39,659.30
Other
390,313.37
$2,545,891.47
Less payments received
390,313.37
$2;155,578.10
Increase in construction in progress:
Balance at December 31, 1969:
Current construction $2,656.,905.48
Deferred construction 362,591.35
Unallocated costs 16,619.20
$3,036,116.03
Balance at January 1,71969:
Current construction $2,281,879.39
Deferred construction 615,153.82
Unallocated 2,719.95
2,899,753.16
$ 136,362.87
Decrease in contracts payable:
Balance at January 1, 1969 $ 615,153.82
Balance at December 31,
1969 - 362,591.35
252,562.47
388,925.34
$2,544,503.44
Less amount due General Fund
for construction costs
224,179.25
2,320,324.19
2,320,324.19
,(Balance Carried Forward)
$63P659,250.74
$ 2709248.68
Permanent
Sanitary
Improvement
Municipal
Improvement
Sewer,
Southdale
Bond
State -Aid
Revolving
No. 53
Improvement
Redemption
Street Bonds
$:6,320.79
$ 59,545.69
$ 4,013.49
$ 75,491.38
$ 251.18
$ 3,855.82
$ 24,495.26
$1,585,791.37
469.33
1,957.76
370,533.47
.2,504,186.12
27,114.92
109,276.68
$44,950.00
1,336,798.64
27,717.73
$196,706.25
6,961..78
$ - $31,440.07 $135,729.70 '$44,950.00 $5,831,989.11 ,$196,706.25
$2,564.40. $37,760.86 $195,275.39
i
$48,963.49 $5,907,480.49
$196,957.43
-62-
IMPROVEMENT FUNDS
ANALYSIS OF CHANGE SIN CASH BALANCE (Cont'd)
(Balance Brought Forward)
Deductions (cont'd):
Payment to other funds accrued .at December 31, 1968
Investments purchased
Payment to County Auditor for bookkeeping charges
Transfer to Construction Fund
Bonds redeemed
Interest on bonds
Bank service charges
Cost of :bond sale
Return of construction deposits
Refunds and .adjustments
Balance:at December 31, 1969
* Indicates red figure.
Joint
Permanent
Sanitary
Improvement
Municipal
Sewer
Improvement
Sewer
Southdale
Bond
State -Aid
Combined
Construction
No. 1
Revolving
No. 53
Improvement
Redemption
Street Bonds
$6,659;250.74
$
2705248:68
$2,564.40
$37,760.86
$195,275.39
$48,963.49
$5,907,480.49
$196,957.43
$ 22,71572.30
$
25,523.73
$'3,307.46
$ :198,741.11
1,7461%625.61 i
152,302.08
34;271.26
$147,071.88
$30,460.42
1;382,519.97
1;310.40
7.05
'187.10
1,116.25
231500,000.00
2,500,000.00
1,570,000.00
:40,000.00
15,000.00
1,320;000.00
$1955000.00
396,333.75
7,440.00
2,025.00
385,162.50
A,706.25
2,651.28
105.30
24.75
2,521.23
3,081.96
3,081.96
5,455.77
55455.77
547.97
418.00
129.97
$6,453,579.04
$
183,281.58
$ -
$37,585.77
$194,804,.28
$47,92.8.17
$5,793;272.99
$196,706.25
$ .'205,671.70
$
86,967.10
$2,564.40
$ :175.09
$ 471.11
$ 1,,035.32
.$ 114.,207.50
$ 251.18
IMPROVEMENT FUNDS
BONDS PAYABLE
VILLAGE OF'EDINA
December 31, 1969
-64 --
Sanitary
Improvement
Sewer
Southdale
Bond
Year
Total
No. 53
•Improvement
Redemption
Annual maturities and
interest A ates
January,l
March l and
March.l, -May 1,
and July 1
September l
June 1,
September 1,
November l and
December 1
3 1/4% and
2% to
3,1/10%,
3%
5.70%
1970
$ 1,760,000.00
$15,000.00
$ 1,745,000.00
1971
1,600,000.00
$ 40,000.00
15,000.00
1,545,000.00
1972
1,600,000.00
40,000.00
15,000.00
1,545,000.00
1973
1,600,000.00
40,000.00
15,000...00
1,545,000.00
1974
1,285,000.00
40,000.00
1,245,000.00
1975
1,145,000.00
40,000.00
1,105,000.00
.1976
1,105,000.00
1,105,000.00
1977
755,000.00
'755,000.00
1978
715,000.00
715,000.00
1979
715,000.00
1715,000.00
TOTAL
$12,280,000.00
$200,000.00
$60,000.00
$12,020,000.00
-64 --
ASSETS
CURRENT ASSETS
Cash:
Demand deposits (deficit)
Appropriated funds
Investments - at cost and accrued.interest:
Federal Land Bank.bonds
United States Treasury notes
Federal National Mortgage Association Certificates
Federal Home Loan Bank notes
United States Treasury -bonds
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
Land improvements
Distribution system
Buildings and equipment
Less allowance for depreciation
$ 101,057.29
25,172.33
:177,513.22
205,253.66
30,111.36
$ 539,107.86
63,495.00
$ 96,257.56
17,010.44
$ 29,719.95
:.1,750.00
TOTAL CURRENT 'ASSETS
$ 15,498.59
5,692,-282.66
` 1,888,104.89
$7,595,886.14
1,697,326.47
$ . 27,556.38
WATERWORKS
'BALANCE
VILLAGE
December
($ 4,773,21)
20,568.75
15,795.54
475,612.86
113,268.00
31,.469.95
831.50
$ 636,977.85
63,4.95.00
5,898,559.67 5,9262116.05
,$6,626,588.90
FUND
SHEET
OF EDINA
31, 1969
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Accounts payable and accrued expenses:
Trade accounts
Salaries and wages.
Refunds payable
Interest
Due to other funds
Current maturities of,bonds payable
LONG -TERM DEBT
Bonds payable - Note B
Less current maturities -shown above
SURPLU S
:Invested in fixed .assets:
Direct
Revaluation of fixed assets - Note A
Contributed by special assessments
.Note A
Contributed by General Fund
_Appropriated -:for debt service
Unappropriated
See notes to balance sheet.
TOTAL CURRENT LIABILITIES
$ '814,380.51
24,603.60
4,500,508.22
1.1,623,72
$ 575,000.00
45,000.00
5,351,116.05
84.,063.75
578,029.64
$ 20;259.98
:1,183. 32
91.70
3,380.83
13,463.63
$ :38;379.46
45,000.00
$ 831379.46
530.,000.00
6,013,209.44
$6,626,588.90
-65-
WATERWORKS FUND
NOTES TO BALANCE SHEET
VILLAGE OF EDINA
December 31, 1969
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 aforementioned amounts has been reduced by the depreciation thereon charged to
,income,.which income has been transferred to earned surplus.
Note B - The annual maturities, due dates and interest rates of the bonds payable are as
follows:
1955 Issue 1959'Issue 1963 Issue Total
Annual maturities and
interest dates March,.l and March l and June l and
September 1 September 1 December 1
Interest rates
2.50% 3.40% and
2.80%, 3.00%,
3.50%
3.20% and
3.30%
Annual amount of
maturities:
1970
$20,000.00 $ 15,000.00
$10,000.00
$ 45,000.00
1971
35,000.00
20,000.00
55,000.00
1972
35,000.00
20.,000.00
55,000.00
1973
35,000.00
20,000.00
55,000.00
1974
35,000.00
20,000.00
55,000.00
1975
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 $195,000.00 $360,000.00 $575,000.00
Bonds of the 1955 issue 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 accrued
interest, plus :a premium of $10.00 for each bond redeemed, and.in inverse order
of their serial number. Thirty days prior notice must be given to bondholders.
-66-
WATERWORKS FUND
STATEMENT OF SURPLUS
VILLAGE OF.EDINA
Year Ended December 31, 1969
Total
Balance at January.1,.1969 $5,474,943.94
Additions:
Watermains contributed by special
assessments 420,633.05
Net income for year 117 632.45
6,0132209.44
Transfers:
Provision for depreciation -
Bonds retired -
Additions to fixed .assets -
Decrease in appropriation of funds
for reserve for debt retirement -
Balance at December 31,.1969 $6,013,209.44
* Indicates red figure.
Invested
Earned Surplus in Fixed
Unappropriated Appropriated Assets
I
$315,525.69 $94,246.25 $844.,312.46
117 632.45
433,158.14
186,948.07
48,000.00*
4,259.07*
_10,182.50
:$578,029.64
$94,246.25
844,312.46
82,191.02*
48,000.00
4;259.07
10,182.50*
$84;063.75 $814,380.51
..Contributed 'Contributed
by by .
Assessments General. Fund Revaluation
$4.,183,622.63 .$11,951.33 $25;285.58
420,633.05
$4,604,255.68 $11,951.33 :$25,285.58
I
103,747.46* 327.61* 681.98*
$4.,500;508.22 .$11,623.72 $24.,603.60
-67-
WATERWORKS FUND
STATEMENT OF :INCOME AND EXPENSE
VILLAGE OF EDINA
Per Cent to
Year Ended
December 31
Increase
Gross Income
1969
1968
Decrease*
1969. 1968
Number of meters in use:
At end.of year
9,163
8,698
465
At beginning of year
8;698
831336
362
Income:
Sale of meters
$.34,942.00,
$36,211.00
$
1,269.00*
Less cost of meters sold
.28,435.00
27,605.00
830.00
$ 6;507.00
$ 8,606.00
$
2,099._00*
Water sales
503,140.00
'375,992.00
127,148.00
Penalties
7,657.00
7,000.00
657.00
Water connection permits
2,255.00
2,660.00
405.00*
'Tapping fees
350.00
219.00
131.00
Use of hydrants
17,010.00
13,935.00
3,075.00
Miscellaneous
1,339.45
:1,035.96
•303.49
.$538,258.45
$409,447.96
$128,810.49
100.00% 100..00%
- Expenses:
Pumping:
. Labor
$ 8,425.00
$ 7,893.00
$
532.00
-Power and A ight
51,174.00
'39;050.00
12,124.00
Supplies and repairs
6,019.00
12,547.00
6,528.00*
Buildings:
Labor
1;525.00
1,505.00
20.00
Fuel
2,520.00
2,124.00
396.00
Supplies
693.00
423.00
270.00
Repairs
79.00
328.00
249.00*
Insurance
699.00
567.00
132.00
Water purchased
20,548.00
17,681.00
2,867.00
.Provision for depreciation
733,097.00
29,679.00
3,418.00
.$124,779.00
$111,797.00
$12,982.00
23.18 27.30
'Distribution:
Labor
$ 13,066.00
$ 8,864.00
$
4,202.00
Materials and supplies
9,977.00
5,356.00
.4,621.00
Operation of meters:
Labor
11,306.00
7,602.00
3,704.00
Supplies and expenses
2,786.00
1,024.00
1,762.00
Provision for depreciation
109,630.00
97;075.00
'12,555.00
Repairs
- 8,019.00
7,338.00
681.00
Hydrant replacement'
12,818.00
-
12,818.00
$167,602.00
$127,259.00
$
40,343.00
31.14 31.08
..Tanks, towers and reservoir:
Labor
$ 619.00
$ 1,155.00
$
536.00*
Power.and.lease lines
-1,736.00
1,314.00
422.00
Supplies and expenses
4,482.00
825.00
3,657.00
Provision for depreciation
22,674.00
22,674.00
-
Insurance
659.00
485.00
174.00
$,30,170.00
$ 26,453.00
$
3,717.00
5.60 6.46
WATERWORKS FUND
STATEMENT 'OF INCOME 'AND EXPENSE (Copt' d)
-69-
Per Cent to
Year Ended
December 31
Increase
Gross Income
1969
1968
Decrease*
1969 1968
Expenses (cont'd):
Water treatment:
Labor
$ 3,362.00
$
.3,521.00
$
159.00*
Supplies and expense
-11,963.00
11,847.00
116.00
Provision for depreciation
19,312:00
18,616.00
696.00
$.34,637.00
$
33,984.00
$
653.00
6.44 8.30
Vehicle operations:
Allocated from equipment
pool
$ 6,960.00
$
6,600.00
$
360.00
Provision ,for depreciation
1,204.00
1,441.00
.237.00*
$ :8,164.00
$
8,041.00
$
X123.00
-1.52 1.96
Administrative and general:
Salaries:
Superintendent
$11,352.00
$:10,455.00
$
897.00
Clerical
4,056.00
3,922.00
134.00
Meter-reading
11,057.00
9,021.00
2,036.00
Meter reading supplies
275.00
142:00
133.00
Office supplies,- postage,
.telephone, hospitali-
zation, etc.
12,360.00
10,020.00
2,340.00
Supervision
3,360.00
3,000.00
360.00
Provision for depreciation
1,030.00
670.00
360.00
Professional services
8,022.00
3,800.00
42222.00
Supplies and expenses
961.00
693.00
268.00
Building rental
720.00
720.00
-
$53,193.00
$
42,443.00
$
10,750.00
9.88 10.37
TOTAL EXPENSES
$418,545.00
$349,977.00
$
68,568.00
:77.767, 85.47%
OPERATING INCOME
$119,713:45
$
59,470.96
$ 602242.49
22:247, 14.53%
Income on investments
17,413.00
9,875.00
7,538.00
3.24 2.41
$137,126.45
$
69,345.96
$
67,780.49
25.487. 16.94%
Other deductions:
Interest on bonds
$ 19,408.00
$
20,811.00
$
1,403..00*
Fiscal agent service charge
86.00
109.00
23.00*
$:19,494.00
$
20,920.00
$
1,426.00*
3.62 5.11
NET :INCOME
.$117,632.45
$
48,425.96
$
69,206.49
21.86% 11.83%
Depreciation, computed by,the
straight line method charged
to operations included in
expenses
:$186;947.00
$170,155.00
$
16,792.00
-69-
WATERWORKS FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1969
Balance at January 1, 1969
Additions:
Collection on accounts receivable
Collection on amount due from other funds
Sale of water meters
Sale of investments
Sundry,sales and services
Income on- investments
Increase.in amounts payable:
Balance at December 31,:1969:
Trade accounts
Accrued payroll
Due to other funds
Balance at January.l, 1969:
Trade accounts
Accrued.payroll
Due to other funds
Deductions:
Payment to fiscal agents:
Principal
Interest
Service charge
Meters-purchased
Additions to fixed assets
..Less amount contributed
.Purchase of investments
Operating expenses
Less provision for depreciation
.Payment of sales tax
Refunds
Summary:
Sinking Fund
Operating Fund (deficit)
$495,276.53
13;935.47
34,942.00
113,380.78
3,069.05
17,413.00
$ 20;259.98
.1,183.32
13,463.63
.$:34,906.93'
$14,653.66
770.82
:3,832.32 19,256.80 '15,650.13
$ 48,000.00
- 19,858.00
QA nn
$424,892.12
.420,633.05
$418,545..00
186,947.00.
67,944.00
42,592.22
.4,259.07
362,878.24
231,598.00
13,584..00
6,207.00
Balance at December 31, 1969
$:20,568.75
( 4,773.21)
,$:15,795.54
$51,191.11
693,666.96
$744,858.07
729,062.53
$:15,795.54
-70-
WATERWORKSYFUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31,,1969
Land
Land improvements
Distribution systems:
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
TOTAL
* Indicates red figure.
A s �s e t s
Balance Balance
J anuary.l, December 31,
1969 Additions Deductions Transfers 1969
$ 27,556.38 $ 27,556.38
14,178.52 $ 1,320.07 15,498.59
$ 277,769.71
4;977,499.24
:16;380.66
$5,271,649.61
$ 247,102..12
446,117.94
114,551..28
566,867.16
3,453.05
$ 277,769.71
$420;633.05 5,398,132.29
16,380.66
$420,633.05 $ $ - $5,692,282.66
.11,918.74
432,540.66
7,072.31 $ 2,939.00 $2;126.06
57,318.69
350.00
$1,887,291.95 $ 2,939.00 $2;126.06
$7,200,676.46 -$4245892.12 $2,126.-06
$72,534.70
131,758.70*
47,624.00
11,600.00
$ 319,636.82
314;359.24
:162,175.28
566,867.16
. 3,453.05
11;918.74
444,140.66
.7,885.25
57,318..69
j350.00
$.1,888,104.89
$7,623,442.52
Allowance -for Depreciation
Balance Balance
January,l, December 31,
1969 Additions Deductions - -1969
4,922.28 $ 594.10 5,516.38
$ :112,408.48
793,876.61
5,023.33
$ 911,308.42
$ 73,2.64.73
98,440.39
67,044.60
244,429.59
3,039.83
7,869.,62
91,737.79
3,868.03
6,579.18
$ 5963,273.76
$1,512,504.46
$- 5,555.3.8 $ 117,963.86
103,747.46 897,624.07
327.61 5,350.94
$109,630.45 $ - $1,020,938.87
$:14,236.16
$ 87,500.89
9,939.39
.108,379.78
8,327.40
'75,372.00
22,674.06
267 - 103.65
.115.91
3,155.74
914..34
82783.96
18,165.74
109,903.53
1,204.15
$2,126.06 2,946.12
.1,146.37
7,725-.55
$ 76,723.52. $2,126.06 $ 670,871.22
$186,948.07 $2,126.06 $1,697,326.47
-71-
SEWER RENTAL FUND
'BALANCE SHEET
VILLAGE OF EDINA
December 31, 1969
ASSETS
Current assets:
Cash .(deficit)
Investments - at cost:
United States Treasury bonds
Accrued interest
Federal National Mortgage-Association
Certificates
Receivables•
From customers
.Assessments receivable
Due from other funds
Prepaid insurance
Fixed assets - on the basis of cost:
Land improvements
Furniture and fixtures
Trucks
.Equipment
Less allowance for depreciation
;$50,000.00
185.60 $50;185.60
20,000.00
LIABILITIES AND SURPLUS
:Current - liabilities:
Trade accounts payable
Accrued payroll
$26,240.67
338.10
TOTAL CURRENT ASSETS
$ 4,653.25
2,161.69
8,491.00
26,471.90
$4.1,777.84
'28,200.75
TOTAL CURRENT LIABILITIES
Surplus:
Invested in fixed assets
Unappropriated (deficit)
($ 6,749.60)
70,185.60
26,578.77
;1,72.8.01
35.00
$:91,777.78
13,577.09
$105,354.87
$199,877.31
-.735.02
$200,612.33
13,577.09
( 108,834.55)
$105;354.,87
-72-
SEWER RENTAL FUND
STATEMENT OF SURPLUS '(DEFICIT)
VILLAGE.OF EDINA
Year Ended December.31, -1969
Balance (deficit) at January -,1, ;1969
Deduction:
Net loss for year
Transfers:
Additions to fixed assets
Provision for depreciation
Balance (.deficit) at December-31, 1969
* Indicates red.figure.
Unappropriated
.Surplus
(Deficit)
($:45,679.66)
62,497.84
($108;177.50)
$ 3;640.00*
2;982.95
$ 657:05*
($108;834.55)
Surplus
Invested
in Fixed
Assets
$1.2,920.04
$12,920.04
$:35,640.00
2,982.95*
$ 657.05
$13,577.09
-.73-
SEWER RENTAL FUND
STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
Year Ended December 3.1 Increase
1969 1968 Decrease*
Operating income:
Service charges and penalties $1493610..00 $140,010.00 $ 9,600.00
Expenses:
Operating:
Sewer maintenance and
treatment
Labor
Supplies
Repairs
Water
Power
.Provision for depreciation
Other
Vehicle operation:
.Allocated from equipment
pool
.Provision for depreciation
Administrative and general:
Clerical and supervision
Auditing
Supplies, telephone, postage
and retirement
Building:rental
Provision for depreciation
Professional services
TOTAL EXPENSES
OPERATING LOSS
0 the r.income:
Income on investments
Miscellaneous
NET LOSS
Depreciation charges to opera -
tions .included in expenses
Per Cent to
.Operating Income
1969 1968
100.0% 100.0%
-$122,440.00
$
77,159.00
$45,281.00
40;3.86.00
36,145.00
4,241.00
_8,049.00
2,857.00
.5;192.00
12,567.00
. 12,656.00
89.00*
200..00
200..00
-
6,832.00
6,156.00
676.00
1,3.80.00
1,405.00
25.00*
516.00
.506.00.
10.00
$192;370.00
$137,084..00
$55,286.00
12.8. -6% 97.9%
$ 4,860.00
$
4.2500..00
$ 360.00
1,486..00
941.00
545.00
$ 6.3346.00
$
5,441.00
$ 905.00
4.2 /3.9
$ 5,244.00
$
4,929.00
$ :315.00
550.00
475.00
75.00
8,723.00
7,566..00
1,157.00
660.00
576.00
84.00
117.00
140.00
23.00*
1,863.00
2,486.00
623.00*
$17;157.00
$
16,172.00
$ 985.00
11.5 11.5
$215,873.00
$158;697.00
$57;176.00
144..3% _113:3%
$ 66,263.00
-$:18,687.00
$47,576.00
44.3% ..13.3%
$ 2,102.00
$
X1,472.00
$ 630.00
1,663.16
1,668.60
5.44*
$ 3,765.16
$
3,140.'60
$ 624.56
2.5 2.2
$ 62,497.84
$
15,546.40
$46,,951.44
41.8% 11.1%
-$ 2,983.00
$
2;4.86.00
$ 497..00
-74-
SEWER RENTAL FUND
ANALYSIS 'OF CHANGE IN CASH BALANCE
VILLAGE OF'EDINA
Year Ended December 3.1,:1969
Balance at January ,1,:1969
Additions:
Collections on accounts receivable
Sale of investments
Tax settlements received
Income on investments
Increase.in liabilities:
Balance at December 31,:1969:
:Trade accounts
Accrued payroll
Balance at January 1, 1969:
.Trade accounts
Accrued payroll
Other
Deductions:
Expenses for the year
Less :provision for depreciation
not requiring cash
Investments purchased
Purchase of fixed.assets
'Increase.in amount due from other
funds
Other
:$199,877.31
735.02
$200,612.33
$149,791.48
753.48 1501544.96
$215,873..00
$ 17,437.82
$149,787.50
41,229.37
184.85
2,102,.00
50,067.37
1,663.16 245,034:25
$262;472.07
2,983.00 $2.12,890.00
50,185.60
3,640.00
1.,728.01
778.06 269,221.67
Balance (deficit) at December 31, 1969 ($ 0,749.60)
i
-75-
ASSETS
Land improvements
Furniture and .fixtures
Trucks
Equipment
ALLOWANCE'FOR DEPRECIATION
Land improvements
Furniture and .fixtures
Trucks
Equipment
SEWER RENTAL FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended:December:3l, 1969
Balance
Balance
January 1,
December 31,
1969
Additions
Deductions
1969
$4,430.25
$ 223.00
$4,653.25
2;161.69
2,161.69
6;374.,00
3,417.00
$12300.00
8,491.00
26:,471.90
26,471.90
$395,437.84
$3,640.00
$1;300.00
$4.1,777.84
$1,399.97
$ 181.66
$:1,581.63
1,747.58
116.84
:1,864.42
1;369.20
1,485.50
$:1;300.00
2,554..70
21,001.05
:1,198.95
22;200.00
$262517.80
$2,982.95
$1,300.00
$28,200.75
NET BALANCE $12,920.04
$13,577.09
-76-
LIQUOR DISPENSARY FUND
BALANCE SHEET
VILLAGE.OF EDINA
December 31, 1969
ASSETS
'CURRENT ASSETS
Cash:
Demand deposit
Deposit in transit
Working :funds.
Investments - at cost:
Village of Edina - Waterworks Revenue
Bonds of 1959
.Accrued interest
United States Treasury notes - at cost
Due from Golf Course Fund
Merchandise .inventory - at cost (first -in,
first -out method):
Liquor
Wine
Beer
Mix and miscellaneous
Prepaid expenses:
Unexpired insurance
Supply inventory
'LOAN TO OTHER 'FUNDS
Golf .Course Fund
Recreation Center Fund (arena)
FIXED ASSETS. - at cost
Land .
Land improvements
Building
Furniture,:fixtures and.equipment
Leasehold improvements
$ 8,942.68*
28,295.60
$26,924..47
'li 1 A7
$ 19;352.92
3,000.00
$ :27,23,6.14
50,924.58
$325,266..09
-39,796.16
1.1,547.81
2,771.86
$ 2,205.32
ann nn
TOTAL CURRENT ASSETS
$ 3,412.66
75,331.92
48,373.74.
28:172.74
$155,291.06
$250,000.00
175,000.00
$ 16,500.00
$:225352.92
78,160.72
.9;039.80
379,381.92
2,605.32
$491,540.68
425;000.00
Less allowance for depreciation and
amortization .1.19,791.13 '35;499.93 51,999.93
.$968,540.61
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Trade-accounts-payable .$ 33,916.51
Salaries and wages 4,321.75
Due to Golf Course Fund 157.50
TOTAL CURRENT LIABILITIES $ '38,395.76
SURPLUS
Invested infixed assets
Unappropriated
* Indicates red .figure.
$- 51,999.93
878,144.92 930,144..85
.._$968,540.61
-77-
LIQUOR DISPENSARY FUND
STATEMENT OF.SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1969
Balance -at January 1, 1969
Additions:
Net income for.year
Deductions:
Transfer to General Fund
Transfer to Park Fund
Transfer to Park Construction Fund
Transfers:
Provision for depreciation
Balance at December. 31, 1969
*.Ind.icates red figure..
Total Available
$ 820,561.64 $ 759,393.04
$ :384,583.21
$
:3.84.,583.21
$1,205,144..85
$1,143,976.25
$ 18,389.00
$
18,389.00
126;611.00
1261611.00
130,000.00
130,000.00
$ 275,000.00
$
275,OOQ.00
.$ 930,144.85
$
868,97625
- 9,168.67
$ 930,144.85 $ 878,144.92
Invested
in Fixed
$61;168.60
$61,168.60
$61,168.60
9,168.67*
$51,999.93
-.78-
LIQUOR DISPENSARY FUND
STATEMENT OF INCOME 'AND 'EXPENSE
VILLAGE OF EDINA
Sales:
Liquor
Wine
Beer
Mix and miscellaneous
Less bottle refunds
NET SALES
Cost of sales:
.Inventory at.January lst
Purchases
Inventory at December 31st
GROSS MARGIN
Operating expenses:
Selling
Occupancy
Administrative
TOTAL OPERATING EXPENSES
OPERATING INCOME
Other income:
Cash discount'
Cash over or.(under)
Other
Income on investments
Depreciation and amortization included
in expenses
( ) Indicates red figure.
i
I
Year'Ended December 31
4,387.00
1 9
50th Street
Southdale
$655,221.00
$4442325.00
116,137.00
89,733.00
:163,179.00
68,900.00
20,893.00
;102883.00
$9552430.00
$613,841.00
:4,998.00
:1,304.00
$950,432.00
$612,537.00
$105,810.89
$ 85,770.50
7491213.00
486,398.00
$855,023.89
$572,168.50
142,939.77
117,614.35
$7122084.12
$454,554.15
$238$47.88
$1572982.85
.$ 38,896.00
$ 28,388.00
12,544.00
20,835.00
19,130.00
.18,206.00
$ 70,570.00
$ 67,429.00
$167,777.88
$ 90$53.85
4,387.00
3;117.00
36.00
( 130.00) .
359.19
329.00
$172,560.07
$ 93,869.85
-6 9
1
1968
Grandview
Total
Total
$452,137.00
$1,551,683.00
$1,372,601.00
79;467.00
285,337.00
248,800.00
99,058.00
331,137.00
291,080..00
20,405.00
522181.00
45,975.00
$651,067.00
$2,220;338.00
$1,958,456.00
1,914..00
8;216:00
8,628.00
$649,153.00
$2,2122122.00
$1,949,828.00
$ 92,634.51
V
$ 284,215.90
$ 291,638.91
510,800.00.1
1,746,411.00
1,445,685.99
,$603,434.51
$2,030,626.90
$1,737,324.90
118,827.80
'379,381.92
.284,215.90
$484,606.71
$1,651,244.98
$1,453,109.00
$164,546.29
$ 560,877.02
$ 496,719.00
$ 27$24.00
$ 94,808.00
$ 83,381.00
19,070.00
52,449.00
50,973.00
17,800.00
'55,136.00
49,557.00
$ 64,394.00
$ 202,1393.00
$ 183,911.00
$100,152.29
$ 358,484.02
$ 312,808.00
2,943.00
10,447.00
7,714.00
210.00
%116.00
84.00
'329.00
1,017.19
908.34
$103,634.29 $ 370,064.21 $ 321,514.34
14,519.00 X13,613.00
NET INCOME $ 384,583:'21 $ 335;127.34
$ 5,323.00 $ 603.00 $ 3,243.00 $
,.
Per Cent to Net Sales
Increase 1 9 6 9 19 '8
Decrease* 50th Street Southdale Grandview Total Total
$179,082.00
36,537.00
40,057.00
6:206.00
$2613882.00
412.00*
$262,294.00
$ 7,423.01*
300,725.01
$293;302.00
.'95,166.02
$198,135.98
$ 64,158.02.
$ 11,427.00
1,476.00
5,579.00
$.18,482.00
$ 45,676.02
2,733.00
32.00
.108.85
$ 48,549.87
906.00
$ 49,455.87
9,169.00 $ 7,763.00 $ 1,406.00
.100.00% 100.00% .100.00% 100.00% 100.00%
74.92
74.21
74.65
74.65
74.53
;25.08%
25.79%
25.35 %•
25.35%
25.47%
4.09%
4.64%
4.24%
4.28%
4.28%
1.32
3.40
2.94
2.37
2.61
2.02
2.97
2.74
2.49
2.54
7.43%
11.01%
9.92%
9.14%
9.43%
17.65%
.14.78 0/.•
15.43%
16.21%
716.04%
.47
.51
.45
.47
.40
( .02:)
.03
.04
.05
.05
.05
.05
18.16%
15.32%
15.96%
16.73%
16.49%
-79-
LIQUOR DISPENSARY FUND
OPERATING EXPENSES
VILLAGE OF EDINA
Selling:
Salaries and wages
Supplies
'Licenses and dues
Pro rata promotion
Service contracts
Direct promotion
Occupancy:
Salaries and wages
Rent
Telephone'
Supplies
Light and power
Maintenance - refrigeration equipment
Heat
Laundry,and rug :service
Burglar alarm
Insurance
Share of maintenance parking lot
and traffic directing
Repairs and maintenance
Provision .for.depxeciation
Rubbish hauling
Janitorial services
.Miscellaneous
Plumbing (includes sewer hookup)
Water and sewer services
Administrative:
Salaries and wages
Supplies
,Professional services
Allocated expenses - retirement,
insurance, office supplies, etc.
Miscellaneous
Mileage
TOTAL
( ) Indicates red figure.
Year Ended
176.00 '176.00 171.00 '523.00
$38,896.00 $28,388.00 $27,524..00 $:94,808.00
December 31
1 9 6 8
50th Street Southdale Grandview Total
$32,648.00 $23,102.00 $23,678.00 $ 79,428.00
1,397.00 1,102.00
1 9
6 9
35.00 110.00
50th Street
Southdale
Grandview
Total
$36,976.00
$26,701.00
$26,559.00
$ 90,236.00
1,704.00
%1,171.00
764.00
3,639.00
-40.00
29.00
30.00
99.00
225.00
311.00
4.00*
311.00
176.00 '176.00 171.00 '523.00
$38,896.00 $28,388.00 $27,524..00 $:94,808.00
December 31
1 9 6 8
50th Street Southdale Grandview Total
$32,648.00 $23,102.00 $23,678.00 $ 79,428.00
1,397.00 1,102.00
.838.00 3,337.00
40.00 35.00
35.00 110.00
191.00
191.00
97.00 112.00
106.00 315.00
$34,182.00 $24,542.00 $24,657.00 $ 83,381.00
Increase - Decrease*
50th Street Southdale Grandview Total
$4,328.00 $3,599.00 $2,881.00 $10,808.00
307.00 69.00 74.00* 302.00
6.00* 5.00* 11.00*
120.00 120.00
97.00* 112.00* 106.00* 315.00*
176.00 176.00 171.00 523.00
$4,714.00 $3,846.00 $2,867.00 $11,427.00
$ 96.00
$ 32.00
$ 35.00
$ 163.00
$ 132.00
$ 67.00
3,243.00.
$ 199.00
$ 36.00*
$ 35.00* $
35.00 $
36.00*
690.00
16,686.00
10,596..00
27,282.00
57.00
15,681.00
10,600.00
26,281.00
225.00
1,005.00
4.00*
1,001.00
336.00
271.00
253.00
860.00
336.00
278.00
252.00
866.00
198.00
7.00*
.1.00
6.00*
284.00
20.00
81.00
385.00
189.00
59.00
118.00
366.00
95.00
39.00*
37.00*
19.00
1,668.00
1,129.00
1,428.00
4,225.00
1,607.00
1,002.00
1,382.00
3,991.00
61.00
.127.00
46.00
234.00
545.00
113.00
172.00
830.00
634.00
48.00
101.00
783.00
89.00*
65.00
71.00
47.00
376.00
421:00,
797.00
353.00
370.00
723.00
23.00
51.00
74.00
365.00
294.00
355:00
1,014.00
394.00
32.5.00
392.00
1,111.00
29.00*
31.00*
37.00*
97.00*
164.00
96.00
260.00
187.00
.131.00
318.00
23.00*
35.00*
58.00*
1,897.00
1,257.00
;1,918.00
5,072.00
1,668.00
1,100.00
1,626.00
4,394.00
229.00
157.00
292.00
678.00
155.00
149.00
76.00
304.00
5,323.00
603.00
3,243.00.
9,169.00
420.00
240.00
300.00
960.00
690.00
25.00
135.00
850.00
57.00
19.00
25.00
25.00
225.00
16.00
12.00
253..00
$12;544.00
$20,835.00
$19,070.00
$ 52,449.00
$12,253.00
$12,417.00
$123046.00
$36,716.00
198.00
127.00
248.00
573.00
933.00
833.00
833.00
2;599.00
5,520.00
4,560.00
4,500.00
14,580.00
126.00
•169.00
73.00
'368.00
100.00
100.00
100.00
300.00
.$19,_130.00
$18,206.00
$17,800.00
$ 55,136.00
$70,570.00 $67,429.00 $64,394.00 $202,393.00
323.00 323.00
262.00
134.00
76.00
472.00
5,323.00 (
803.00)
3,243.00
7,763.00
420.00
240.00
300.00
960.00,
655.00
19.00*
105.00
760.W'
57.00
19.00
%12.00
88.00
1,575.00
16.00
12.00
1,575.00
$13,792600 $18,150.00 $19,031.00 $ 50,973.00
$11,186.00 $_11,318.00 $10,890.00 $ 33,394.00
124.00 '124.00 124.00 372.00
882.00 782.00 632.00 2,296.00
4,620.00 41260.00 4,200.00 13,080.00,
73.00 342.00 415.00
$162885.00 16,826.00 $15,846.00 $ 49,557.00
$64,.859.00 .$59,518.00 $59,534.00 $1832911.00
323.00* 323.00*
107.00*
15.00
76.00*
168.00*
1,406.00
1,406.00
35.00
25.00
30.00
90.00
57.00*
19.00*
13.00
63.00*
1,575.00*
1,575. "00*
225.00
16.00
12.00
253.00
$1,248.00* $2,685.00 $ 39.00 $11,476.00
$1,067.00 $1,099.00 $1,156.00 $ 3,322.00
74.00 3.00 124.00 201.00
51.00 51.00 201.00 303.00
900.00 300.00 300.00 :1,500.00
53.00 173.00* 73.00 47.00*
100.00 100.00 100.00 300.00
$2,245.00 $1,380.00 $1,954.00 $ 5,579.00
$5,711.00 $7,911.00 $4,860.00 $18,482.00
M
LIQUOR DISPENSARY FUND
ANALYSIS OF CHANGE .IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1969
Balance at January.l, 1969
Additions:
Gross sales
Cash discounts
Investments sold
Interest received on investments
Payment received.on accruals at December 31,
1968
Decrease.in prepaid insurance
.Other revenue
Deductions:
Merchandise purchased
Bottle - refunds
Operating:expenses
Less depreciation included therein
not - requiring cash
Transfers:
General Fund
Park Fund
Park Construction Fund
Payment for another fund
Loan to Recreation Center Fund
Decrease .in liabilities.:
Balance at January.,l, 1969:
Trade accounts
Accrued payroll
Balance at December 31,,1969:
Trade accounts $33,916.51
Accrued payroll 4,321.75
Due to other funds 157.50
$202,393.00
9,169.00
$18,389.00
126,611.00
130,000.00
$ 35,958.22
3,579.76
$:39,537.98
$2,220,338.00
10,447.00
.123,688.12
5,748.00
8,750.00
1,100.72
1,132.88
$1;746,4.11.00
8;216.00
193,224.00
275;000.00
289.80
175,000.00
38,395.76 1,142.22
Balance at December 31, 1969
$ .47,431.22
2,371,204.72
$2,418,635.94
2,399,283.02
$ 19,352.92
-81-
LIQUOR DISPENSARY FUND
FIXED ASSETS
VILLAGE OF ED.INA
Year Ended December 31, 1969
-82-
Balance
Balance
January 1,
December 31,
1969
Additions
1969
ASSETS
Land
$ 16,500.00
$16,500.00
.Land improvements
3,412.66
3,412.66
Building
]59331.92
753331:92
Furniture, fixtures and equipment
48,373.74
48,373.74
Leasehold improvements
28,172.74
28,172.74
$171,791.06
$ -
$171,791.06
.ALLOWANCES FOR DEPRECIATION
AND AMORTIZATION
Land improvements
-$ 1,702.69
$ 139.93
$ 1,842.62
Building
52,369.42
33900.73
563270.15
Furniture, fixtures and equipment
33,099.33
3,509.09
36,608.42
Leasehold improvements
233451.02
1,618.92
251069.94
$110,622,46
$9,168.67
$119,791.13
NET BALANCE $ 61,168.60
$ 51,999.93
-82-
Fund:
General:
Current
Poor:
Current
Park:
Current
Swimming Pool:
.Current
Golf Course:
Current
Recreation Center:
Current
Park °Sinking:
For bonds:and.interest
Park Construction:
For construction
Improvement
Current
For bond interest
For construction
Waterworks:
Current
Appropriated
Sewer Rental:
Current
Liquor Dispensary:
Current
Depository:
Demand deposits:
First-Edina National.Bank
First Sou.thdale National Bank
Midland•National Bank
Time deposits:
First Edina National Bank
Working :funds
* Indicates xed figure..
CASH - ALL FUNDS
VILLAGE-OF EDINA
December 31,.1969
Demand and
Time Working
Deposits Funds Total
$ 21,153.88 $ .550.00 .. $ 21,703.88
.4.7 8.53
.478.53
- 18,158.94
18,1518.94
11;552.44*
11,552.44*
3;203.06*
50.00
-3;153:06*
703.94*
1,000.00
296.06
1,263.49
1,2.63:49
.12.54
312.54
$ 54,071.26
64,633.34
._86,967. 10
,$205;6.71.70
205,671.70
$ 4,77 3, 21*
20,568..75
$:15,795.54
15,795.54
6,749.60*
61,749.60*
19,352.92
3,000.00
22,352.92
TOTAL $259,978.50
$4,600.00
$264,578.50
$92,945.73
27,211.97
4,82.0.80
$124,978.50
$:135,000.00
$135,000.00
4.600.00
$264,578.50
-83-
SECURITY FOR DEPOSITS
:I
i
VILLAGE OF EDINA
December 31,;1969
Security for! Deposits
Deposits
I Principal
Book
Bank
i Amount
Description,
Due Date
First Edina-National Bank — demand deposit $92,945.73
$373 , 594.67
$370,000.00(A)
United .States Treasury .bonds
November
15,
1973
do certificate of .deposit 135;000.00
135;000.00
32;000.00(A)
United States Treasury bonds .. ;:j
May
15,
1974
20,000.00
Federal Deposit Insurance
.TOTAL $227,945:73
$508,594..67-
$422,000.00
Midland National Bank - demand deposit $ .4;820.80
$ :4,820.80
$.25,000.00
I.S.D. #275 Golden Valley
July
.1,
1979
50,000.00
I.S.D. #423 Hutchinson
March
:1,
1980
50,000.00
I.S.D. #742 St. Cloud
February
1,
1980
20,000.00
Federal Deposit_Insurance
TOTAL $ :4,820.80
$ 4.,820.80,
$145,000.00
First Southdale National Bank - demand deposit $ 27,211.97
$46,266.95
$.20;000.00
Village of Edina Recreation Center Bonds
September
1,,
1977
20,000.00
Village of Edina.Recreation Center Bonds
September
1,:1980
20,000.00
Columbia Heights, Minnesota .I.S.D. #13
February
1,
1980
20,000.00
State of California School Bonds
September
1,
1978
20,000.00
Winona Special S /D' #5, Minnesota
July
1,
1978
20,000.00
State of Hawaii i'
October
15,.1977
:.
20,000.00
St. Louis 'Park;:Minnesota Refunding
December
1,
.1975
20,000.00
Willmar, Minnesota. Refunding
August
.1,
1975
20,000.00
Eugene, Oregon Bancroft.Improvement
June
1,
1975
20;000.00
White Bear Lake., Minnesota I.S.D. #624
April
1,
1975
j 10,000.00
Blue Island, Illinois Comm. H.S.D. #218
December
1,
1973
5,000.00
Bra „inerd,.Minnesota -Imp.
February
1,
1972
5,000.00
Burnsville, Minnesota, I.S.D. #191
November
1,
1972
5,000.00
Dawson,.Minnesota I.S.D. #373 School Building
August
1,.1972
5,000.00
Edina, Minnesota Park System of 1957
March
1,
1972
5,000.00
Slayton, Minnesota IS D. #504 (
February
1,
1971
15,000.00
Jt. Ind. Cons. Sch. Dist. #39 Ramsey County
4103 Washington County, Minn. School
Building Bonds
February
1,
1983
20,000.00
Washington Motor Vehicle.Fuel..Tax Revenue
September
1,
1976
10,000.00
New York, New York Various Purpose
October
:1,
1971
20,000.00
Bloomington, Minnesota..I.S.D. #271 School Building
February
1,:1979
20,000.00
Federal Deposit Insurance
TOTAL $27,211.97
$46;266.95
$320,000.00
Note A — Aggregate market value o'f United, States Treasury bonds at December 31, 1969 is
$346,75:1.88.
i
-84-
Description
United.S"ta.tes Treasury notes
United .States Treasury ?fonds
Federal Intermediate Credit
-Bank debentures
INVESTMENTS:!.,
VILLAGE OF EDINA
December 31, 1969
Maturity
February 15, 1975
February, 15, 1972
June 1, 1970
Interes -t Rate
5.75.'%
4.75 (A)
8.125
Federal Home Loan Bank Notes
February
25,
1970
7.00 %
do
March
25,
1970
6.00
do
August
25,
1970
6.70
do
August
25,
1970
8.20
Federal National Mortgage
Association Participation
Certificates
February
11,
1970
6.35.%
do
February
.10,.1971
8.75
Federal Land Bank bonds
:February
20,
1970
do
July
20,
1970
do
July
20,.1976
Village of:Edina, Minnesota:
1955 Improvement Bonds
1957'Improvement.Bonds
1960.Improvement Bonds
1962 _Improvement Bonds
1966-Improvement-Bonds
1968 Improvement Bonds
1957 Park Bonds
,1962 Park Bonds
'1955 Waterworks Revenue Bonds
1958 Waterworks Revenue Bonds
1953 Sanitary Sewer Bonds
FUND OWNERSHIP
Improvement Funds
General -
Poor
Golf.Course
Park
Park Sinking
Park Construction
Waterworks
Sewer Rental
Liquor Dispensary
Recreation:_Center
General Fund - land.investment
March
March
September
December
November
December
:March
December
March
September
January 1,
.1, 1977
1, 1974 — 1979
1, -1970
1,.1970
1, 1970 —1972
1, 1978
1, 1970
1, 1970
1, 1970
1, 1971 —1974
1973
Face Amount
$ :300,000.00
720,750.00(A)
250,.000.00
$ 250,000.00
.75,000.00
50,000.00
750.000.00
$1,125,000.00
$ 200,000.00
.750,000.00
$ 950,000.00
6.30 % $ 300,000.00
6.00 '100,000.00
5.375 200,000.00
$ 600,000.00
2.90 %
3.90
3.30
82.70
3.90
4.00
3.70
2.70
2.50
3.40 to 3.50
3.10
TOTAL .SECURITIES
Face Amount
December 31,
1969
$2,401,750.00
577,000.00
31,000.00
75,000.00
.12,500.00
102,500.00
100,000.00
530,000.00
70,000.00
77,000.00
.170,000.00
$4,146,750.00
TOTAL INVESTMENTS
$ 25,000.00
31,000.00
32,000.00
20,000.00
20,000.00
15,000.00
5,000.00
'10,000.00
6,000.00
27,000.00
10,000.00
$ 201,000.00
$4,146,750.00
Carrying Amount
December 31,
1969
$2,409,625.61
585;147.14
31,358.30
75,472.19
12,500.00
103,619.16
101,640.42
539,107.86
70,185.60
78,160.72
172,705.28
$4,179,522.28
67,851.16
$4;247,373.44
-85
Note A - The face amount of these
the cost of the bonds st
the bank will repurchase
Village interest for the
Date to be
Repurchased
September 15,:1970
March :15, :1971
NOTE .TO 'INVESTMENT S
VILLAGE OF EDINA
December 31,1969
bonds is:$775,000.
ace the Village has
the bonds at cost
period held at the
.Amount
$420,750
300,000
,However, the amount :shown above .is
an agreement with the bank whereby
:)n the dates shown below and pay the
following rates:
Interest
Rate
8.50%
8.45
TAXABLE VALUATIONS,.TAX LEVIES AND RATES
Taxable valuation:
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
Tax -rate by mills:
General
Parks
Bonds and interest
Poor and.public nursing
Firemen's relief
Fire protection
'VILLAGE OF EDINA
TOTAL
TOTAL
TOTAL
December 31
1969 1968
$56,680;'044.00
.2,825,324.:00
$59,505,368.00
1969
1970
$ ,1,.471, 567.75
118,415.68
63, 075.69
.13, 686-23
5,950.54
16,661.51
.$:1,689,357:.40
24.73
1.99
.-1.06
.23
.10
.28
28.39
$53,585,438.00
2,467,585.00
$56;053;023.00
1968
1969
$ 13387;3,12.32
112,106.05
62;218.86
.15,134.32
5,605.30
16;815.91
$1,599,192.76
-24.75
2.00
1.11
.27
.10
. 3,0
28.53
-87-
OFFICIAL BONDS
VILLAGE OF EDINA
December 31, 1969
Position
On file with Clerk - Treasurer:
Blanket position
Blanket position
,Treasurer
Village Clerk
Deputy.Assessor
Deputy Assessor
Deputy Assessor
On file with County,Auditor:
Assessor
Name
Police department employees
All Village employees not otherwise
required bylaw to be specifically
bonded
J. N. Dalen
Florence B. Hallberg
Ronald A. Blagen
Ralph E. Johnson
Kent Swanson
Donald Kearns
i
Bond Expires
Amount
Surety
March
1,
1970
$
5,000.00
Allied
Mutual
Insurance
Company
March
1,
1970
$50,000.00
Allied
Mutual
Insurance
Company
March
1,
1970
$50,000.00
Allied
Mutual
Insurance
Company
March
1,
1970
$
500.00 _
Allied
Mutual
Insurance
Company
March
1,
1970
$
500.00
Allied
Mutual
Insurance
Company
March
1,
1970
$
500.00
March
1,
1970
$
500.00
Allied
Mutual
Insurance
Company
March 1, 1970 $ 500.00 i Allied Mutual Insurance Company
I
i
i
i
'1
-88-
INSURANCE COVERAGE
'VILLAGE OF EDINA
December 31, .1969
Inventories:
Liquor store - Southdale $ :130,000(D)
Liquor store - 50th Street A 60,000(D)
Liquor -store - Grandview 120,000(D)
Automotive:
Bodily.injury $250 / 500,000
Property damage 100,000
Comprehensive Actual cash value
-89-
Fire
and
Extended
Coverage
Building
Contents Other
Building :and contents .(A):
Village Hall
$510,000
$.75,000
Library
440,000
:14;000
Mornings,ide municipal buildings
30,800
.4,000
Village garage
410,000
27,500
Municipal liquor store - 50th,Street
72,000
20,000
Municipal liquor store - Southdale
20,000
'Municipal liquor store - Grandview
27,000
Municipal golf course clubhouse
- 150,000
:14,000
Municipal recreation center
420,000
112;500
:Municipal recreation center - East addition
1532-000
.7231000
.Municipal swimming pool
182,000
Water reservoir
363;000
Pumping stations :(location):
Wooddale
57,500
55,000
Halifax
-15,000
12,100
Southview :Lane
10,9Q0
-13,200
Southdale
14,500
13;200
Concord
48,400
77,000
Brookview Heights
:15,000
'13,200
Hansen Road
;14,500
:17,600
76th Street
65,000
:105,000
'2nd .Street
66.,000
;103;000
6500 Dewey Hill Road
41,800
13,000
Sherwood
12,100
13;200
Mirror Lakes
44.,000
14,000
Creek Valley
.45,000
33,000
'Water tower - Concord Street
- 133,100
Water :tower - 69th Street
-2.18,000
Sanitary sewer lift station
49,000
30,000
Bathhouse
62,000
'11,000
.Maintenance building -golf course
7,250
2,000
Range building - golf course
2,500
5,000
Storage building
4,000
Dwelling - Olinger Road
7,000,
Dwelling, - West 70th Street
45,000
7,500
Garage building
4,000
Cahill School building
4.9000
Inventories:
Liquor store - Southdale $ :130,000(D)
Liquor store - 50th Street A 60,000(D)
Liquor -store - Grandview 120,000(D)
Automotive:
Bodily.injury $250 / 500,000
Property damage 100,000
Comprehensive Actual cash value
-89-
'INSURANCE.COVERAGE (Cont'd)
Village-liquor stores :.
Liquor liability
Boiler - 50th Street
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
Village- golf.course:
Liquor liability
'Burglary, robbery.and.theft - within premises
Burglary, robbery and theft - outside premises
Boiler
Recreation center:
Business interruption
Burglary, robbery: °and theft - within premises
Burglary, robbery,and theft - outside premises
Burglary, .robbery and theft - merchandise
Boiler
Other insurance:
General liability:
Automotive non - ownership,, independent
contractor, and Village premises -
operations
Bodily injury
Property damage
Umbrella policy
Workmen's compensation
;Edina Volunteer Fire Department group
accident policy, maximum each fireman
Property floater all risk- .voting machines
'Property floater - equipment other than automotive
Boiler
Earthquake coverage - swimming pool and water
reservoir - 90% coinsurance
Other locations
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
$ 300,000(B)
50,000
115,000
90,000
50:,000
5,000(B)
5,000(B)
7, 500 (B)
(C)
300,000
5,000
5,000
50;000
80,000
2,500
2,500
2,500(C)
50,000
$250 / 5002000
100,000
2,000,000
Statutory
3,000
102,000
Actual cash value
50.,000(E)
4902500(F)
Note E - Administration building, municipal building, street department and library.
Note F - Fire and extended coverage, $10,000 other locations and $10,000 in transit.
ORGANIZATION
VILLAGE OF'EDINA
December 31, 1969
Village Council:
Mayor:
Arthur C..Bredesen, Jr.
Trustees:
James Van Valkenburg
Richard C..Johnson
C. Wayne Courtney
Willis F. Shaw
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 Engineering:
Robert C. Dunn
Term
Expires
December 31
1969
1969
1971
1969
1970
Elected,
Re- elected or
Re- appointed to
December 31
1971
1972
1972
Appointed by Council
1969
1970
-91-