HomeMy WebLinkAbout1963 Financial StatementsAUDITED FINANCIAL STATEMENTS
AND OTHER FINANCIAL INFORMATION
VILLAGE OF EDINA, MINNESOTA
DECEMBER 31, 1963
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ERNST & ERNST
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AUDITED FINANCIAL STATEMENTS
AND OTHER FINANCIAL INFORMATION
VILLAGE OF EDINA, MINNESOTA
December 319 1963
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.1 . -
INDEX
ACCOUNTANTSI REPORT ON AUDITED FINANCIAL STATEMENTS....... PAGE
4
COMMENT AND ACCOUNTANTS' REPORT, ON OTHER FINANCIAL
24
INFORMATION...' ..... ............................... ...
5
FUNDBALANCE SHEETS ............................... ......
9
GENERAL FUND,:
26
BALANCESHEET..........., ....................., .....
11
STATEMENTOF SURPLUS... ......... � .. ... ......... .....
12
ANALYSIS'OF CHANGE IN CASH'BALANCE: ............... .....
13
REVENI JD ..........:' ................... ...... : :.........
14.
EXPENDITURES..... :, .... : :.................... .........
15
CENTRALSERVICES.:.....:..... ...............:.........
18
FIXED` ASSETS ......:..... :::............................
19.
POOR FUND:
32"
BALANCESHEET ..... ..... ...............................
20
T
STATEMENT OF SURPLUS-- UNAPPROPRIATED ...................
21
STATEMENT OF REVENYES AND EXPENDITURES ..................
21
ANALY�IS OF CHANGE IN CASH BALANCE ......:....:..........
22
PARK FUND:
BALANCESHEET ....:....... .....................9.........
23
STATEMENT OF UNAPPROPRIATED SURPLUS....', .................
24
ANALYSIS OF SURPLQ$ INVESTED IN FIXED ASSETS.,_,.........
24
ANALYSIS OF CHANG4 IN CASH BALANCE .......................
25
REVENUEAND EXPENDITURES. ......... .. .....................
26
FIXEDASSETS....' :.:......: ..............................
27
SWIMMING POOL FUND:
BALANCESHEET ................ ............ ..... .....
28
STATEMENTOF SURPLUS.. .......... ....................
29'
ANALYSIS OF CHANGE IN CASH BALANCE ......................
30
STATEMENT OF INCOME'AND EXPENSE. ...... se .........
31
STATEMENT OF INCOME AND EXPENSE (CONCESSIONS ONLY) ......
32"
FIXED ';ASSETS..:..::...... ..... ..........................
33.
GOLF COURSE FUND:
BALANCESHEET.....► ...... ............................... 34
STATEMENTOF SURPLUS ..... ................................ 35
ANALYSIS OF CHANGE`IN CASH BALANCE....... ............... 36
BONDS-PAYABLE.... to ..... .............0................. 37
PARK SINKING FUND.:
BALANCESHEET ............ .....................0......... 38
STATEMENTOF SURPLUS ..................................... 39
ANALYSIS OF CHANGE,IN CASH BALANCE........ .............. 40
BOND AND INTEREST;MATURITIES� DEFERRED TAX LEVIES
AND RESERVE FOR UNCOLLECTIBLE TAXES.. ................... 41
INDEX (Cont'd)
PARK CONSTRUCTION FUND:
BALANCESHEET ............. ............................... PAGE 42
ANALYSIS OF RESERVE FOR CONSTRUCTION ..................... 43
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 44
FIXEDASSETS ....... :..... ..............................• 45'
IMPROVEMENT FUNDS:
COMBINEDBALANCE SHEET ................................... 46.
STATEMENT OF SURPLUS - UNAPPROPRIATED .................... 47
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 48
BONDSPAYABLE ............ ............................... 50 .
WATERWORKS FUND:
BALANCESHEET ............. ............................... 51
NOTESTO BALANCE SHEET.... ..... .......................... 52
STATEMENTOF SURPLUS...... ...... ......................... 53
STATEMENT OF INCOME AND EXPENSE ..:.... ................... 54
ANALYSIS OF CHANGE IN CASH BALANCE ........................ 56
FIXEDASSETS .............. ............................... 57
SEWER RENTAL FUNDS
BALANCESHEET ............................ r................ 58.
STATEMENTOF SURPLUS ........................1... 59
STATEMENT OF INCOME AND EXPENSE .......................... 60.
ANALYSIS OF CHANGE IN CASH BALANCE......... .............. 61
FIXEDASSETS ............................................. 62
LIQUOR DISPENSARY FUND:
BALANCESHEET ............. ............................... .63
STATEMENTOF SURPLUS ..................................... 64
COMPARATIVE STATEMENT OF INCOME AND EXPENSE................ 65
COMPARATIVEOPERATING EXPENSES ........................... 66
APAZYSIS OF CHANGE IN CASH BALANCE ....................... 67
FIXEDASSETS ............... ............................... 68
GENERAL:
CASH— ALL FUNDS ................. ..................... 69
SECURITY FOR DEPOSITS... 70
INVESTMENTS............... ............................... 7�
TAXABLE VALUATIONS, TAX LEVIES AND.RATES.................. 72
MUNICIPALCOURT FINES ....... ........ ;.........,...!...... 73
OFFICIAL. BONDS ..... ...... ............................... 74
INSURANCECOVERAGE. ........................ ........... 75
ORGANIZATION........................ a ....... ............ 76
29royeTels
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, 1963 and the related statements of revenues and ex-
penditures or income and expense and surplus for the year then ended. Our exam-
ination was made in accordance with generally accepted auditing standards, and
accordingly included such tests of the accounting records and such other auditing
procedures as we considered necessary in the circumstances.
In our opinion, the accompanying balance sheets and statements of revenues and
expenditures, income and expense and surplus present fairly the financial posi-
tion of the Village of Edina at December 31, 1963 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 18, 1964'
—4—
ERNST & ERNST
FIRST NATIONAL BANK BLDG.
MINNEAPOLIS, MINN. 55402
COMMENTS AND ACCOUNTANTS' REPORT ON OTHER FINANCIAL INFORMATION
Village of Edina
Edina,;Minnesota
The audited•financial statements of the various. funds of the Village consisting
of balance sheets and statements,.of revenues and expenditures or income and,.ex-
pense,.and .surplus and our report thereon are presented in appropriate sections
of this report. Financial information not .specifically referred to above and
financial information contained'in the following comments is not considered neces-
sary for a fair presentation of the financial position and results of operations,
and is submitted.!for analytical purposes only. The information shown in the
schedules of.secur_ity for deposits, taxable valuations, tax levies and rates,
official bon d.s,, '-,insurance coverage and organization'as presented in the general
section of this;.- °report °was- obtained from non - accounting records of the Village
or made availakle "to us by the Village; but we did not make an independent-.audit
of them as they•do not involve information which enters into the financial sta.te-
ments. Other information was derived from the accounting records tested by us as
a part of the auditing procedures followed in our examination of the afore - mentioned
audited financial statements and, in our opinion, is fairly presented in all material
respects in relation to the financi.a:l statements taken as a whole.
The following comments set forth certain auditing procedures and other matters.per-
tinent to our examination:
Cash on deposit at. December 3T, 063'was: reconciled to balances reported directly
to us by the various depositories. Cash working funds and cash on hand for deposit
at December 31, 1963 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 pro-
vided for disbursements.
Village of Edina securities held for investment by the several funds of the Village
were inspected by us, and related interest income computations were tested.
Amounts receivable from water and sever rental charges at December 31, 1963 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.
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.
-5-
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 quanti-
ties 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, 1963.
Canceled bonds and interest coupons redeemed and paid during 1963 were inspected by
US.
Official minutes of the Village Council for 1963 were read by us.
Copies of licenses and permits issued during the year were tested to recorded col-
lections. Municipal court fines were verified by inspection of court dockets and
violation tickets issued by Police Department.
COMMENTS ON FINANCIAL STATEMENTS
GENERAL FUND
Detail schedules reflecting activity and status of this fund are shown on pages 11
to 19, inclusive, of this report. During the year a new public works garage was
constructed at a total cost of $330,333.43• The old garage was sold to Edina -
Morningside Independent School District No. 273 for $53,000.00.
POOR FUND
Reference is made to detail schedules elsewhere in this report as to.operations of
this fund. Such details appear on pages 20 to 22, inclusive.
PARK FUND
Reference is made to detail schedules elsewhere in this report as to operations of
this fund. Such details appear on pages 23 to 27, inclusive.
SWIMMING POOL FUND
Detail schedules outlining financial operations of this fund are shown on pages 28
to 339 inclusive, of this report. The net loss of $4,971.38 is after the provision
of $7,444.50,for interest on bonded debt issued for the swimming pool facilities,
and the provision of $7,589.37'for depreciation on swimming pool facilities.
GOLF COURSE FUND
Pursuant to Minnesota Laws 1961 Chapter 655 the Village Council on November 4, 1963
awarded the sale of and established the form and terms and covenants securing the
payment of $825,000.00 Golf Course Bonds of 1963 issued for the acquisition and
betterment of a golf center as a municipal recreational facility. As a part thereof
the Village agreed to maintain on its official financial records a separate and
special Golf Course Fund. The proceeds of the bond sale were appropriated to the
Park Construction Fund to be used to pay the construction costs of the golf center.
Net revenues of the Liquor Dispensary Fund are pledged to cover the payment of the
Golf Course Bonds of 1963 and the interest thereon. Reference is made to pages 34
to 37, inclusive, of this report.
PARK SINKING FUND
Reference is made to detail schedules appearing on pages 38 to 41, inclusive, of
this report as to the operations of this fund.
PARK CONSTRUCTION FUND
Reference is made to detail schedules elsewhere in this report as to operations of
this fund. Such details appear on pages 42 to 45, inclusive., Fixed assets for park
purposes amounting to $180,166.50 were purchased during the .ear. Funds were made
available from a $86,915.00 transfer from the .Liquor Dispensary Fund and unused pro-
ceeds of the 1962 bond sales. The proceeds of the sale of Golf Course Bonds of 1963
,were appropriated from the Golf Course Fund to be used to pay the construction costs
of the golf center. At December 31, 1963 $672,997.31 of the $825,000.00 appropriated
had been expended.
IMPROVEMENT FUNDS
Reference is made to detail schedules elsewhere in this report as to operations of
these funds and the related Construction Fund. Such details appear on pages 46 to
50, inclusive, of this report.
Construction costs incurred by the Village, other than for park purposes, are ac-
counted.for in the Construction Fund whioh 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 ba- lonces may be used for refunding canceled assessments. .
The 1951 Second Series and the 1952 improvement funds retired all remaining bonds
during the year. The free surpluses of these funds were transferred to the
Permanent Improvement Revolving Fund to aid the financing of small improvements
without the issuance of bonds.
Preceding the sale of $1,400,000.00 of 1963 Improvement Bonds, temporary financing
was obtained by the sale of $19000,000.00 of Temporary Improvement Bonds. This
temporary financing was outstanding for ninety days and was redeemed with funds
made available by the sale of the 1963 Improvement Bonds.
WATERWORKS FUND
Reference is made to detail schedules elsewhere in this report as to operations of
this fund. Such details appear on pages 51 to 57, inclusive.
—7—
A temporary loan of $37,000.00 from the Improvement Bond Redemption Fund authorized
by the Village Council on December 11, 1961 was returned during the year.
Net income of the fund amounted to $12,428.50 as compared to a net loss of $13,047.97
for 1962. The principal reasons for this increase may be summarized as follows:
Increase in income from;sal-es of water, wa.tet meters
and other - -- services and income.on investments
Less:
Incroase in depreciation $ 4,845.13
Painting tanks and towers 16,500.00
Increase in pump power expense 6,096.39
Increase in other expenses 3,914.42
$56,832.41
31,355.94
INCREASE IN NET INCOME $25,476.47
SEWER RENTAL FUND
Reference is made to detail schedules elsewhere in this report as to operations of
this fund. Such details appear on pages 58 to 62, inclusive.
LIQUOR DISPENSARY FUND
Reference is made to detail schedules elsewhere in this report as to operations of
this fund. Such details appear on pages 63 to 68, inclusive.
Net income of the fund amounted to $262,258.90 for the year. All of this amount
and an additional $27,531.10 were transferred to other funds of the Village by ac-
tion of the Village Council. In connection with the sale of Golf Course Bonds of
1963 the net revenues of the Liquor Di.s,pensary-:Fundare pledged,ito secure the pay=
ment- of;--y,Eaa1d I borid st thereon.
PUBLICATION OF-FINANCIAL STATEMENTS'
A detailed financial'statement was not prepared and published as required by M. S:' A,.
Section 412.281.
Minneapolis, Minnesota
May 18, 1964
ME
ASSETS
Cash:
Current funds
Appropriated
Investments:.
United States Government securities
at face value or cost
Village of Edina bonds — at face
value or cost
Amounts segregated and shown below
Receivables:
Taxes and special assessments:.
Current
Delinquent
Deferred
Customers
Due from State Aid Account — State
o-f Minnesota
Due from other funds
Miscellaneous receivables
Less allowance for delinquent taxes
Inventories
Prepaid expenses
Segregated investments for reserve
for debt retirement
Construction in- progress
Fixed assets
Unallocated construction cost
Total
$ . 261,678.96
19,038.00
$ 280,716.96
$ 2,662,959.94
529,798°59
$ 3,192,758053
58,498.25
$ 3,134,260028
$ 1,4709207 33
349, 065 0.23
7,611,329®05
43,71591
321,114.86
1,047,982.34
40,014-94
10,883,429.66,
780`,758.00
10,102,671.66
276,910093
39,211.20
58,498.25
1, 407,'5,17 x49
7,828,317,69
73.4466.19
.-$23,201,570.65
FUND BALANCE SHEETS
VILLAGE OF EDINA
December 314 1963
F u n d s
Swimming Golf Park Sewer Liquor,
General Poor Park Pool', Course Park Sinking Construction Improvement Waterworks Rental Dispensary
r
5,446.62.
$ 2,953.12
$ 7,756.09
$ 670075,
$ 5,556.99
79594.06
$
:21,612-03
186,590°77
5,446.62
2953.12
77-
79756o09
.670°75
5,556.99
7,594.06
-'—
$
21,612.03
$
186,590.77
$ 103,000.00
103,000.00
$ 103', 000 o 00
$ 38,741054
9,277.52
40,004-93
$ 88,023,99
38,741.54
49,282-45
10,000.00
1,687,273.67
$ 25,000°00
915,000-00
,15,000.00
.. 25,000.00
,1,_5-, 000 0 00
25 9 000 0 00 yp. -.
$ 17.20
10.01
$ -27.21
17.20
$ 10°01
$1,855,002.74 $17,963013
$ 558.15
$ 558.15
558.15
$
345,193,11.
$377,949.20
$ —
$
173,125.87
$173,796°62
$1159000000 $ 30,000°00
$1154000.00
115,000eOQ
$825,000.00
$8259000.00
$825,000.00
11,905.29
29582.83
$960,045011
10 , 00mo
40,000.00
40,,000.00
$ 56,700.00
11036,000.00
11,791.50,
$1,104949.1.50
29 =975°00
$1,0749516°50
$1,122,110�56>
$ 200,000000
16,000..00
216,000-00
216:000.00
$ 392.83
392.83
$ 392.83
1,656,574,09
$1,894,578.95
$ 1,812,000.00
462,000.00
82,274,000000
$ 2,274,000.00
$ -'1; 4139190.83
309748034 '
695759329.05
321,111086
.132,479F.47'
8,751,862.55 `
-711.466.11
$ 8,0409396.44
20,200074
1,407,517,49
73,466.19
$12,,0012',171.63
$ 10,683,84
!9.038000
$ 29,721.84
$ 254,297.86
254,297 086
58,498.25
$ 1959799.61
$
3,395,75
$
9,418-94
$
3,395.75
$
9,41894
$24,945.70
24,9+5070
24,945.70
$ 316050
$ 26,712485 17,003.06
9�1 041.02
35,753.87
$4 35,753.87
11,9.41.16
6,157.11
58,498.25
3,867,340-39
$4,1205,212.23,
179319056
$179319.56
16,8181.52
$629479 53
$ 98,716038
26' 7 89 0 59
125,514.97
F25,514.97
$ 60,000.00
b0, 000. 00,
$ 6o,000.00
254,969.77
948.0b
799409o21
$530,260.95
—9—
LIABILITIES; RESERVES AND SURPLUS
Due to other funds
Accounts payable.
Salaries and wages
Due to Hennepin County
Interest payable
Construction deposits
Edina Firemen's Relief Association
Construction contracts
Minneapolis —Saint Paul Sanitary District
Unexpended contributions
Reserve for future bond interest
Bonds.payible
Reserve for. assessment adjustments
Reserve for construction'
Surplus:
Invested in fixed assets
Appropriated:
For imprest cash
For debt service
For improvements
Unappropriated .(deficit)
* Indicates red figure.
Total
$ 1,Q47,982.34
252,087.62
139069.25.
1 i' ;, 519.70
107,478.89
71,869.61.
19,303.89
151,494.03
4;716.61
18, 55681
283,724,86
12,948,000.00
33,616.07*
85,288.74
6019,737 v55
600.00
155,411.25
31,000.00
' 1,713,345.57..
$23,201,570.65
e
1,6879273.67
600.00.
27,500,00
18,468.20
$1,855,.002.74
17,865.07
$17,963•13
-r
189556.81 i
345,193.11
3,500,00
6,035:76
$377.,949:20
173,125.87
( 11,298.50)
$173,796.62
825;000.00
77,875.00
( 4,2 52.72)
$960,045.11
258,860000
780,000.00
55,535056
$1,122,110056
24,864,86
10,510,000*00,
33,616.07*
57,786.77, 27,501..97
983,576.78
1,020,425.49
$1,894,578.9,5 $12,002,171.63
i
833,000.00
3-,034,34.0-39
77,536.25
187,916.52
$4;205,.212.23
16,818.52
( .'.9,171.53)
$62,479.53
79,409.21
431,821072
$5309260.95
—10—
FUND BALANCE
SHEETS (Cont'd)
j
I
F u.. n d (
s
Swimming—
Golf
Park
Sewer
- Liquor
General
Poor Park
Poo,1
Course Park Sinking j
Construction
Improvement
Waterworks
Rental'"
Dispensary
$ 9,533,136
$ 11,791.50
$ 60,3.92.83
825,000000
140,498.65
$ 766.00
83,030.10
$ 98.06 $ 1,278.99
177.75
1,030.00
28,215.40
2;560.22
65,259.17
$53,948:68
$ 16,489.25
5,294.36
3,384.53
,'
965`.73
883.86
2,540.77
11,519.70
$ 27,71.5.00 '
74,335.72
5,428,17
3,999•.16
67,870.45
19;303089
1
151,494.03
!
f
4,716.61
1,6879273.67
600.00.
27,500,00
18,468.20
$1,855,.002.74
17,865.07
$17,963•13
-r
189556.81 i
345,193.11
3,500,00
6,035:76
$377.,949:20
173,125.87
( 11,298.50)
$173,796.62
825;000.00
77,875.00
( 4,2 52.72)
$960,045.11
258,860000
780,000.00
55,535056
$1,122,110056
24,864,86
10,510,000*00,
33,616.07*
57,786.77, 27,501..97
983,576.78
1,020,425.49
$1,894,578.9,5 $12,002,171.63
i
833,000.00
3-,034,34.0-39
77,536.25
187,916.52
$4;205,.212.23
16,818.52
( .'.9,171.53)
$62,479.53
79,409.21
431,821072
$5309260.95
—10—
GENERAL FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1963
ASSETS
Cash:
Demand.deposits
Worki6g�- ;funds
Investments:
United States Government securities
at face value
Redeivables:
Due from other funds:
Construction Fund
Waterworks Fund
Accounts receivable
Supply inventory - estimated
Taxes receivable - delinquent
Less allowance for delinquent taxes
Fixed assets
LIABILITIES AND SURPLUS
Due to other funds:
Waterworks Fund
Construction Fund
Accounts payable:
Trade accounts
Accrued payroll
Edina Firemen's Relief Association
Sundry deposits
Appropriated surpluss
Invested in fixed assets
Contributed Lrinvested,iin fixed assets
Reserve for commitments
For imprest cash
Surplus - unappropriated
8,511.52
766.00;
$19616,410.56
70,863.11
4,846.62
600.00
9,277-52
40,004.93
38,741.54
38,741.54
5,446.62
103,000.00
49,282.45
10,000.00
1,687,273.67
$1,855,002.74
$ 9,041.02
492.34 $
83,030:10
5, 294.36,_..._`
19,303.9
3,999.16
$1,687,273.67
27,500.00'
600.00
9,533.36
111,627.51
1,715,373,.67
18,468.20
$1,855,002.74
-11-
GENERAL FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1963
APPROPRIATED
Balance at January 1, 1963
Additions (deductions):
Transfers from unappropriated surplus:
For fixed assets - net
Fixed assets retired
For commitments
For improvements
Balance at December 31, 1963
UNAPPROPRIATED
Balance at January 1, 1963
Additions:
Transfer from reserve for improvements
Deductions:.
Expenditures - see separate schedule
Less revenue - see separate schedule
Less surplus transfer included therein
General Fund share of construction costs
Invested in 7For.Imprest For For
Total Fixed Assets Contributed' Cash Commitments Improvements
$1,480,220.87 $1,269,990.21 .$70,072..66 600.00 $ 22,300.00 $117,258.00
387,062.38 3869271.93
( 39,851.58) ( 39,851.58')
5,200.00
( 117, 258.00)
$19715,373.67 $1,616,410.56
790.45
5,200.00
$70,863.11 $ 600.00 $ 27,500.00
$1,433,132.51
$1,517,136.72
117,258.00)
$117,024.65
117 258.00
2349 282'.65
274,300.00 1 2 836.72
190,295.79
25,518.66 215,814.45
Balance at December 31, 1963 $ 18,468.20
-12-
GENERAL FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1963
Balance-at January 1, 1963
Additions:
Receipts -,per separate schedule
Sale of investments
Repayment of loan to Construction Fund
Repayment of loan to Park Construction Fund'
Collection of amounts due others:
Waterworks Fund
Edina Firemen's Relief Association
Collection made on accruals at
December 31, 1962
Increase'in sundry deposits
Other
Deductions:
Disbursements - per separate schedule
Charges to accounts receivable and other
funds
Advance to Park Construction Fund
Payment on accruals at December 31, 1962:
Trade accounts
Accrued payroll
Edina Firemen's Relief. Association
Due to other funds
Purchase of investments
Village share of construction costs
charged directly to surplus
9,041.02
19,303.89
$1,202,907-02
100,000.00
100,000.00
200,000.00
28,344:91
8,590.81
1,756.01
2.82
$1,346,022.47
945.14
200,000.00.
$76,372.19
4,881.88
18,242.85
8,423.60 107,920.52
103,000.00
25,518.66
Balance'at December 31, 1963
$ 1469651.84
1,641,601.57
$1,788,253.41
1,783,406.79
$ 4,846.62
-13-
GENERAL FUND
REVENUE
VILLAGE OF EDINA
Year Ended December 31, 1963
Reall and personal property taxes
Other taxes
Bicycle licenses
Beer and liquor licenses
Cigarette licenses
Receipts
. 73i,097.47
37,771.79
482.65
1,555.00
720.00
Accruals
Revenue
731,097.47
37,771.79
482.65#
1,555.00-
720.00 w
Estimated
Revenue
$ 735,344.00
23,600.00
400.00
1,455.00
600.00
Dog and impounding fees
4,745.00
4,745.00..
4,500.00
Food and soft drinks
2,405.00
2,405.00,E
1,995.00
Gas'pump licenses
70.00.
70.00 r--
705.00
Bowling,�-.taxi• pinball, milk plant, etc.
4,032.00
4,032.000,
3,990.00
Plumbing li- censes
2,600.00
2,600. 000,.
2,100.00
Water softener installation licenses
150.00
150.00
Scavenger and garbage collectors
470.00
470.004\
410.00
Building permits
15,311.00
15011.00
18,000.00
Cesspool and sewer permits
3,268.50
3,268.50 ^.
3,500.00
Plumbing permits
7,905.00
.7,905.00t*
7,400.00
Sign permits
3;448.73
3,448.73t\
3-,200.00
-Other permits
435.00
435.00.,%
-_
Street opening fees
Planning fees
Engineering, clerica.l.,and searches
Police service
Equipment rental.
Municipal court fines
Income 'on investments
,Board and room - prisoners
State .appor.tionments - highway
State apportionments, - liquor and cigarettes
Contributions -from active funds
Charges to other funds
Sale of fixed assets
Discount earned
Other revenue
Transfer - reserve for encumbrances
Transfer from unappropriated,surplus
763.00
96,355.81
6,000.00
4,473.67
36,963.25
576.37
24.50
19,370.57
88,638.11
87,340.00
10,320.'00
26',500.00
866.81
8,247.79
TOTAL $19'202,907.02
$ 766.00
111.34)
4,154.00
3,117..00
26, 500,.00
27.10
176.94
5,300.00
274,300.00 .
$314,229.70
766.0o4
763.00 N
96,244.47
6, #00.00
4,473.67
41,117.2-5r-
576-37
24.50
22,487-571-
88,638.10-
87, 340.00-
10,320.00",
53,000.00
893.91
8,424.73
5,300.00
274,300-00'
$1,517,136.72
500.00
1,000.00
110,000.00
6,000.00
2,000.00.
45,000.00
19,000.00
74,000.00
87,340x00...
10,320.00'
7,375,:00
5,3Q0,40
274,300,:001 .
$1,449,334.00`
Actual
Revenue
Over - Under*
Estimated
Revenue
$ 4,246.53*
14,171.79
$2.65
100.00
120.00
245.00
410.00
635.00*
42.00.
500.00
150.00
60.00.
2,689.00*
231.50*
505.00
248._73
435.00
266.00
237.00#
13,755.53*
2,473.67
3,882.75*
576.37
24.50
3,487-57
14,638.11
.53,000.00
893.91
1,049.73
$67,802.72
-14-
GENERAL FUND
EXPENDITURES
VILLAGE OF EDINA
Year Ended December 31, 1963
Finance:
Personal services
$
Disburse -:
Encum-
28,.886.68
$
Unexpended
43.32
Contractual'services.
ments'
brances Expenditures
Appropriations.
2.,671,55
Balance
GENERAL GOVERNMENT'
22.45
Commodities
�-
3,070.77
4,455.00
Mayor and Council
$
10,002,50
Fixed charges
10,002,50
10,170.00
$ 167.50
Planning
5,040,00
7,617.71
TOTAL FINANCE
7,617.71
7,800.00
182.29
Administration:
$
-
$ 115..77
Municipal Court:
Personal services
$
44,882.07
44,882.07 $
44,900,00
$ 17.93
Contractual "' services
$
4,975.52
$ 55.67
5,031.19
4,834.00
197.19*
Commodities
39805.684
122.23
8.33
130.56
150.00
19.44
Fixed charges
_7,848.00
10,57
7,848.00
7 8 8.00
-
TOTA-L ADMINISTRATION
$
57,827,82
641.001
57,891.82
579732.00
159.82#
Finance:
Personal services
$
28,886.68
$
28,.886.68
$
28,930.00
43.32
Contractual'services.
29671.55
1,849.45
2.,671,55
2,694.00
22.45
Commodities
245.92
3,070.77
4,455.00
50,00
50,00
Fixed charges
5,040.00
14,460.00:;; :,14,.,460.00
5,040-00
5,040,00
-
TOTAL FINANCE
$
36,598.23`x-
101,39.1.93 $
36,598.23.
$
36,714,00
$ 115..77
Municipal Court:
Administrative and
Personal services
$
17,585.13
$
179585.13
$
179.700,00
$ 114.87
Contractual'services
39805.684
60.00
3,865.68.
4,610.00
744.32
Commodities
178.90
10,57
189.47
400,00
210,53
Fixed charges
4,380.00
$ 31,874'.15 $
4,380.00
$
4,380.00
-
TOTAL MUNICIPAL COURT
$
25,949.71
6 70.57
26`1020.28
$
27,090.00
1,069.72
'Elections
1,687.84
1,808,55
44.62
1,808,55
2,09.0.00
281,45
Assessing:
AND OVERHEAD
$ 45,646.96
$
1,713.28
Personal services
$
33,700,14
$
33,700,14
$
33,860.00
$ 159.86
Contractgal- services
1,875.45
$ 22.881
1,898.33
2,054.00
155.67
Commodities
573.03
573.03.
630,00
56.97
Fixed charges
5,040-00
5,040.00
5,040.00
-
TOTAL ASSESSING
41,188.62
22.88,.$
41,211-504
41,584.00
$ 372.50
Legal services
14,771.18
5,132.07
19,903.25
1.9,163.00
.740.253`
Library
2,860.74
174.96
3,035.70
3,763.00
°727.30
TOTAL GENERAL GOVERNMENT
$
198.,6,25.06.,$
5,464.48 $
204,089.54
$
206,106.00 .,$
2,016.46
ENGINEERING
Personal services
$. 90,523.23
$
8,511.52 *$ 82,011.71 $
84,840.00
$
2.,828.29
Contractual'.services
1,849.45
1,849.45
2,690.00
'.840.55
Commodities
2;824.85
245.92
3,070.77
4,455.00
1,384.23
Fixe& charges
J4,460.00
14,460.00:;; :,14,.,460.00
-
TOTAL ENGINEERING
109,657.53
$
8,265.60'x$
101,39.1.93 $
106,445.00
$
5,053.07
PUBLIC WORKS
Administrative and
overhead:
Supervision and
.clerical
$ 31,874.15
$ 31,874'.15 $
31,926.00
$
51.85.
Training
856.27
$
25:44
881:71
900.00:
18.29
Paid leave
12,916.54
1,687.84
14,604138 149649,00
44.62
TOTAL ADMINISTRATIVE
AND OVERHEAD
$ 45,646.96
$
1,713.28
$ 47,360.24 $
479475.00
$
114 -.76
-.
-15-
PUBLIC WORKS (Cont'd)
Street maintenance:
General
Patching
Street cleaning
Sealing
Curb repair
Snow and ice removal
TOTAL STREET MAINTENANCE
Street lighting
Street name signs:
General
New sign installation
TOTAL STREET NAME SIGNS
Traffic control:
Sign. maintenance
Signal maintenance
Pavement marking
Guard rail maintenance
TOTAL TRAFFIC CONTROL
Bridges
Storm drainage:
Storm sewers
Storm sewer replacement
TOTAL STORM DRAINAGE
GENERAL FUND
EXPENDITURES (Cont'd)
Disburse-
Encum-
176,725606 $
176,896.00
$ 170.94
Unexpended
ments
brances
Expenditures
$ 277094
Appropriations
Balance
749.40
916.00
166.60
Tree trimming
2,796.54
2,796.54
58,266.45
$ 1,445.01
Tree spraying
59,711.46
59,800.00
$ 88054
38,410.98
1,319.17
8 10,778.62 $ -
39,730.15
39,796.00
65.85
19,976.06
$ 289.59
2,042.49
19,976.06
20,000.00
23.94
22,854.47
2,449.78
2,476.00
22,854.47
23,000,00
145.53
5,558.39
14.496,00
-
5,558.39
5,804.00
245.61
110,952600
11616
$ 173,5333 .09
6,223.01.
179,756.10
8 180,400.00
643090-..
40,570.30
40,570.30
40,600:00
29.70
$ 5,115.39
0 88.53
5,203.92
5,300.00
96.08
498.72
8.72'
00.00
1.28-
5,614.11
$ 88.53
5,702.64
5,800.00
97.36
5,000.67;$
441.90
$
5,442.57
$ 5,500000
57.43
3,764.37
204°21
3,968.58
4,000600
31.42
4,816.76
4,816.76
49900,00
83024
2.631-19
677.97 16,890.96
17,100.00
209.04
16 12.99
759.78
759.78
930.00
170,22
$ , 12,533.35
$
12,533.35
$ 12,600.00
$ 66.65
1,225.08
1 225-08
1,300-00
74.92
13,758-43
13,900.00
141.57
Village properties:
$
176,725606 $
176,896.00
$ 170.94
Turf care �=�
$ 5,642:06
5,642.06 $
59920.00
$ 277094
Plantings
749.40
749.40
916.00
166.60
Tree trimming
2,796.54
2,796.54
3,008.00
2'11.46
Tree spraying
1,590.62
1.590.62
1,800.00
202.38
TOTAL VILLAGE PROPERTIES
8 10,778.62 $ -
10,778.62
11,644.00
865.38'
Noxious weed control
TOTAL PUBLIC WORKS
PROTECTION OF PERSONS AND
PROPERTY
Police protection:
Personal services
Contractuallservices,
Commodities
Fixed charges'
TOTAL POLICE PROTECTION
..Fire protection:
Personal services
Contractual:'services�
.0 -ommodities
Fixed charges
TOTAL FIRE PROTECTION
834.46 834.46 963.00 . 1280
V 307,708.74 $ 8,702.79 $ 316,411.53 318,812000 6 2,400047
$ 176,725.06
$
176,725606 $
176,896.00
$ 170.94
39863.56
$ 136.35
3,999.91
49013-00
13.09
2,316.26
51.75
2,368.01
2,500000
131099
37.104-00
7. 10 .00_
._. 7 10 .00
-
220,008.88
188.10-
220,196.98"
220,513.000
V 316.02
$ `91,847.57
$
91,847.57 $
919922.00
$ .'74,43
1,752.90
$ 289.59
2,042.49
2,058.00
15.51
29405.08
44.70
2,449.78
2,476.00
26022
14.496.00
14,426.00
14.496,00
-
110,501.55
334.29
1.10,835.84
110,952600
11616
-16-
PROTECTION OF PERSONS AND
PROPERTY (Cont'd)
Civilian defense
Public health:
Personal services
Contractuallservices-
Commoditle. s`
Fixed charges
TOTAL PUBLIC HEALTH
Animal control (�
Inspections
TOTAL PROTECTION OF
PERSONS AND PROPERTY
NON- DEPARTMENTAL
Contingencies
Settlement of suits
Special assessments on
Village property
TOTAL NON- DEPARTMENTAL
CENTRAL SERVICES
See separate schedule
attached
TOTAL OPERATING EXPENSES
CAPITAL OUTLAY
Planning
Administration
Engineering
Public works
Police
Fire
Public health
Contingencies
Special assessments on
Village property
Unallocated capital
outlay
Village garage
TOTAL CAPITAL OUTLAY
RESERVE FOR COMMITMENTS
Engineering
Public works
Fire
TOTAL RESERVE FOR
COMMITMENTS
TOTAL
* Indicates red figure.
GENERAL FUND
EXPENDITURES (Cont'd)
Disburse_- Encum- Unexpended
ments, brances Expenditures Appropriations Balance
4,841.88 $ 8.00 4,849.88 5,251.00 401.12
$ 10,742.99 $ 10,742.99 $ 10,820.00 $ 77.01
1,319.20 $ 42.30 1,361.50 1,375.00 13.50
849.22 7.68 856.90 664.00 192.90*
900.00 900.00. 900.00
13,811.41 49.98 13,861.39 13,759.00. 8 102.39#
5,255.60 496..50 5,752.10 5,750.00 2.10#
21,714.42 1.40 21,715.82 21,886.00 170.18
376,133.74 $ 1,078.27 $ 377,212.01 $ 378,1111.00 $ 898.99
$ 14,578.4. $ 1,191.77 $ 15,770.21 $ 16,105.00 $ 334.79
557.50 557.50 600.00 .';42.50
23,419.24 23,419.24 24,000.00 580.76
$ 38,555.18 1,,191.77 $ 39,746.95 $ 40,705.00 8 958.05
420.31 2 r 2 3. 7 4.700.00 2,2o6-03
$1,031,100.56 10,245.37' 1,041,345.93 1,054,879.00 813,533.07
$ 215.00 $ 215.00 $ 235.00 $ 20.00
92:49 92.49 100.00 7.51
1,641'.00 1,641.00 3,028.010 1,387.00
19,986..07 $10,500.00, 30,486.07 30,500.00 13.93
4,579.10 5,887.05 10,466.15 10,830.00- 363.85
1,144.22 1,144*22 1,380.00 235.78
306.97 . 306.97 -.. 350.00 43.03
1,972.50 1,972.50 2,000.00 27.50_.
1,130.86 1,130.86 1,900.00 769.14,
3,497.89 3,497.89 3,632.00 134.11
,.280 35 .81 49,977.62 330,333-43, 330,000-.00 333-43*
314,9217.914,66,364.67 t 381,286.58 .383,955:00 6 2,668.42
$ 2,000:oo $ .• 2,0oo.00 $: 2,000.00 $ -
2;000.00 2,000.00.. 2,000.00 -
..6, 500.00 -T 6,:500.00',', .: -. 6, 500.00 , -
$ - $10,500,00 $ 10,500.00 10,500.00 $ -
$1046;022.47 $87;110:04 $1;433;132.51 $1;41+9;334.00 $16,201.49
-17-
GENERAL FUND
CENTRAL SERVICES
VILLAGE OF EDINA
Year Ended December 31, 1963
*Indicates red figure.
a
I
-18-
Disburse-
Encum-
Expendi-
Appropri�
Unexpended
ments
brances
tures
ations
Balance
General:
Contractual services
$ 849630.09
$ 765.11
$ 859395.20
$ 86,092.00
$ 696.80
Commodities
TOTAL. GENERAL
6,504.85
91,134.94
77.76
842.87
6.582.61
91,977.81
9,400-00
2 817.39
3,514.19
6 95,492.00
Village Hall:
`
Personal services
7,167.36
$ 7,167.36
$ 7,200.00
3.2:64
Contractual services
7,738.75
$1;175.20
8,913.95
8,945.00
31.05
Commodities
1,375.73
325.69
1,701.42
989.00
712.42#
Fixed charges
600.00
600.00
600.00
-
TOTAL VILLAGE HALL
16,881.84
1,500.89
189382.73
17,734.00
648.73*
Garage
3,648.06
1,531.60
5,179.66
49044.00
1,135.66#
Equipment operation:
Personal services
$;25,025:59
$,- 493.88
$ 25,519.47
$ 259554.00
$ 34.53
Contractual services
13,646.96'
162.25
13,809.21
13,832.00
22.79
Commodities
4,771.75
370.76
51142.51
5,150.00
7.49
Fixed charges
3;864.00
3,864.00
3,864.00
-
Gasoline and fuel oil
19,353.67
39671.84#
15,681.83
15,700.00
18.17
Tires and tubes
4,357.05
279.07
4,636.12
41650.00
13.88
Lubricants
2,233.59
2.25
2,235.84
29250.00
14.16
Parts and accessories
TOTAL EQUIPMENT OPERATION
18.122.86
91,375-47
561.93
1 801.70#
18 684-79
89 573.77
19.050-00
90,050-00
365.21 -
476.23
203,040.31
$2,073.66
205,113.97
$207,320.00
2,206.03
Less allocation to other
departments and funds
202,620.00
202,620.00
202,620.00
-
TOTAL
$ 420.31
$2,073.66
$ 2,493.97,
$ 4,700.00
$2,206.03..
*Indicates red figure.
a
I
-18-
Land
Land improvements
Buildings
Furniture and fixtures
Equipment:
Highway
Police
Fire
Election
Engineering
Traffic signals
Executive
Miscellaneous
GENERAL FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 319 1963
TOTAL $1,340,062.87 $387062.38 $39,851.58 $1,6879273.67
-19-
Balance
Balance
January 1,
December 31,
1963
Additions
Deductions
1963
251,805.66
$ 1,972.50
, 2539778.16
969614.61
1,130.86
979745..47
363.9171.26
3309818.43
$249,401.47
6699588.22
479481.43
19711.26
49,192.69
286,732.35
329412.96
39306.27
3159839.04
30,988.20
14,606.15
119717.71
339876.64
759766.14
1,144.22
76,910.36
80,017.93
80,017.93
2-19077.18
19641.00
426.13
22, 292.05
569745.67
56,,:745.67
1,834.15
19834.15
27,828.29
1,625.00
29,453.29
TOTAL $1,340,062.87 $387062.38 $39,851.58 $1,6879273.67
-19-
ASSETS
Cash on, deposit
Investments:
Village of.Edina
of 1958 at face
Village of Edina
Bonds of 1955 at
Village`of Edina
Bonds of 1955 at
POOR FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1963
- 2.7% Improvement Bonds
value
- 2.3% Waterworks Revenue
face value
- 2.5% Waterworks Revenue
face value
Receivables:
Relief grant — State of Minnesota
Delinquent taxes
Less allowance for delinquent taxes
LIABILITIES AND SURPLUS
Accounts payable
Surplus — unappropriated
$5,000.00
4.000.00
$ 2,953.12
15,000.00
10.01
$17.20
17.20 — 10.01
$17,963.13
17.865.07.
$17,963.13
—20—
POOR FUND
STATEMENT OF SURPLUS — UNAPPROP.RIATED
VILLAGE OF EDINA
Year Ended December 31, 1963
Balance at January 1, 1963 $18,822.32.
Deductions:
Net loss for year 957.25
Balance at-December 31, 1963 $17,865.07
STATEMENT OF REVENUES AND EXPENDITURES
Revenue receipts and accruals:
Tax settlements..
Relief grants — State of Minnesota
Income on investments
Disbursements and accruals:
Suburban Hennepin County Relief Board:
Relief orders
Administration
Rural Hennepin County Nursing Committee
Professional services
NET (1,0639 INCOME
1965
$10,536.03
85.73
373.00
110,994.76
1962
$10,976.79
38.04
508:00
$11,522,83
Increase
Decrease*
440.76#
47.69
135.00#
528.07#
$ 4,029.27 1,278.02 $ 2,751.25
697.49 313.32 384.17
7,125.25 7,125.25 -
100.00 100.00 —
$11.952.01 $ 8.816.59 $ 3.135.42
($ 957.25) $ 2,706.24 ( 3,663.49)
—21—
POOR FUND
ANALYSIS OF CHANGE IN CASH BALANCE.
VILLAGE OF EDINA
Year Ended December. 31, 1963
Balance at January 1, 1963,
Additions:
Tax settlements received:
March 1963
June 1963
November 1963
Relief grants - State of Minnesota
Income on investments
Increase in accounts payable
Deductions:
Payment to Suburban Hennepin County
Relief Board:
Relief orders
Administration
Rural Hennepin County Nursing Committee
Professional services
Increase in accounts receivable
$ 3,882.23
$ 624.27
5,105.88
4.805.88 $10,536.03
85.73
373.00
29.27 11.024.03
$14,906.26
$4,029.27
697.49 $ 4,726.76
7,125.25
100.00
1.13 11.953.14
Balance December 31, 1963 $ 2,953.12
-22-
PARK FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1963
ASSETS
Cash:
Demand deposits $ 7,756.09
Investments:
United States Government securities — at face value 25,000.00
Receivables:
Taxes receivable — delinquent 558.15
Less allowance for delinquent taxes 558.15 —
Fixed assets 345.193.11,,
$377,949.20
LIABILITIES AND SURPLUS
Payables:
Trade accounts
$ 1,278.99
Salaries and wages
3,384.53'
Unexpended contributions for specific purposes:
Landscaping buffer strip west of library
207.53
Cascade pumping
3.97
Dwight Williams Memorial Park
491.77
Wooddale Park — improvements and recreation
program
1,416.31
Cornelia Lake Park — improvement
275.00
Normandale Park — improvement
218.69
Edina Swim Club
146.47
Park District No. 2
6,185.00
Park District No. 3
2,150.00
Park District No. 4
3,400.00
Park District No. 5
500.00
Figure skating and skiing instruct6rs' salaries
3,484.07
Other
78.00
18,556.81
Appropriated surplus:
Invested in fixed assets $168,819.93
Contributed:
Property and special assessment paid by
General Fund $166,034.52
Property donated by others 10.338.66 176,373.18
Reserve for commitments 3.500.00 348,693.11.
Surplus — unappropriated 6.035.76
$377,949.20
-23-
O
PARK FUND
STATEMENT OF UNAPPROPRIATED SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1963
Balance at January 1, 1963 $ 15,994.86
Additions:
Revenue for year (see separate schedule for details) $135,950.45
Less amount transferred to revenue included in
the above 12.000.00 123.950.45
$139,945.31
Deductions:
Expenditures for year (see separate schedulesfor_
details) 133.909.55
Balance at December 31, 1963 6,035.76
ANALYSIS OF SURPLUS INVESTED IN FIXED ASSETS
Contributed
By General -
Fund by Direct
Payment of Investment
Special in Fixed
Combined Assessments By Others Assets
Balance at January 1, 1963 $313,388.07 $142,615.28 $ 10,338.66 $160,434.13
Additions for the year:
Special assessments paid by
General -Fund
From unappropriated surplus
Balance at.December 31, 1963
23,419.24 23,419.24
8.385.80 8.385.80
$345,193.11 $166,034.52 $ 10,338.66 $168,819.93
—24—
PARK FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1963
Balance at January 1, 1963
Additions:
Receipts for year (see separate schedule for details)
Sale of investments
Registration fees — figure skating, skiing and golf
Dedicated funds:
Normandale Community Council
Deductions:
Purchase of investments
Disbursements for year (see separate schedule for
details)
Expenses — figure skating, skiing and golf
Dedicated funds:
Cascade pumping $ 240.00
Swim Club 30.85
Park District No. 3 50.00
Payment on accruals at December 31, 1962:
Trade accounts $ 645.19'
Accrued payroll 3,168.27
Due to other funds 107.56
$ 8,797.04
$123,950.45
30,000.00
4,480.50
79.50 158,510.45
-$167 , 307.49
$ 25,000.00
125,746.03'
4,563.50
320.85
3.921.02 '159.-551.'40
Balance at December 31, 1963 $ 7,756.09
—25—
PARK FUND
REVENUE AND EXPENDITURES
VILLAGE OF EDINA
Year Ended December 31, 1963
EXPENDITURES
Disburse-
Encum-
Expendi-
Appropri-
Actual
ments
brances
tures
ations
Revenue
.,'Administration:
Over- Under*
- Personal services
$ 18,068.15
$ 18,068.15
Estimated
Estimated
Contractual services
Receipts
Accruals
Revenue
Revenue
Revenue
REVENUE'
95.09
95.09
100.00
4.91
Real and personal
8,700.00
8,700.00
8,700.00
$
property taxes
$ 65,674.18
$ 3,787.56
65,674.18
66,000,:00
325.82*
Registration fees
19,402.00
19,402.00
20,000.00
598.00#
Transfer from active
1.243.34
303.20
-
4,313.00
233.54*
funds
3.7,660.00
$ 4,090-76,,$
37,660.00
37,660.00
-
Income on investments
259.33
259.33
$ 3,525.00
259.33
Transfer from unappro-
3,935.05
$ 1,671.04
59606.09
5,700.00
93.91
priated surplus
750.50
$12,000.00
12,000.00
12,000.00
-
Other revenue
95.4.94
954.94
500:00
454.94
TOTAL REVENUE
$123,950.45
$12,000.00
$135,950.45
$136,160.00
$ 209.55#
EXPENDITURES
Disburse-
Encum-
Expendi-
Appropri-
Unexpended
ments
brances
tures
ations
Balance
.,'Administration:
- Personal services
$ 18,068.15
$ 18,068.15
$ 18,100.00
$ 31.85
Contractual services
1,007.80
1,007.80
1,034.00
26.20
Commodities.
95.09
95.09
100.00
4.91
Central ser�ices
8,700.00
8,700.00
8,700.00
-
Capital outlay
8,098.24
$ 3,787.56
11,885.80
12,295.00
409..20
Training
243.03
243.03
250.00
6.97
Paid leave
1.243.34
303.20
4.546.54
4,313.00
233.54*
TOTAL ADMINISTRATION
$ 40,455.65''
$ 4,090-76,,$
44,546.41
$ 44,792.00
$ 245.59
Recreation:,
Baseball and softball
$ 3,514.76
$ 3,514.76
$ 3,525.00
$ 10.24
Skating and hockey
3,935.05
$ 1,671.04
59606.09
5,700.00
93.91
Tennis instruction
750.50
750.50
1,000.00
249.50
Playgrounds
10,570.88
10,570.88
10,850.00
279.12
Swimming instruction:
13,781.05
1"''
13,781.05
14,075.00
293.95
Special activities
3.417.22
19.29
3.436.51.
3.700.00
263.49
TOTAL RECREATION
$ 35,969.46.
$ 1,690.33
$ 37,659.79.,,
$ 38,850.00
$1,190.21
Maintenance:
Mowing
$ 6,077.93
$ 6,077.93
$ 69100.00
$ 22.07
Special turf care
9,894.04
9,894.04
10,000.00
'105.96
Planting and trees
3,136.63
3,136.63
3,280.00
143.37
Litter removal-
2,277.56
2,277.56
2,.440.00
162.44
Parking areas
1,551.94
1,551.94
1,590.00
38.06
Building and equipment
8,702.31
$ 122.65
8,824.96,,
8,840.00
15.04
Skating rinks
169142.79
2,259.78
18_9402:57 -
18,436.00
33.43
Aquatic weed control
1.537.72
1.537.72
1.832.00
294.28
TOTAL MAINTENANCE
$ 49.320.92
.$ 2.382.43
$ 51.703.35
$ 52.518.00
814.65
TOTAL EXPENDITURES
$1259746.03
$ 8,163.52
,$133,909.55
$136,160.00
$2,250.45
--- - - - - --
----- - - - - --
----- - - - - --
--- - - -2h-
Land
Skating rinks
Land improvements
Building
Park equipment
Furniture and fixtures
Trucks, automobile.,and,'tractbrs -.
Miscellaneous
Construction in progress:
52nd and Arden
50th and Wooddale
East Mirror Lake
57th and Chowen
PARK FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1963
Balance
Balance
January 1,
December 31,
. -- 1963
Additions
1963
$ 90,806.64
$ 90,806.64
5,8.12.03
5,812.03
159,735.73
$23,419.24
183,154.97
3,418.06
1.'" 11-
3,418.06
34,031.09
1963i.11
35,,662.20
988.29
988.29
11,216.97
59532.00
169748.97
876.07
1.222',69
2.048.76
$3069884.88
$31,805.04
$338,689.92
131.26
131.26
2,324.85
2,324.85
3,785.72
3,785.72
261.36
261.36
TOTAL $313,388.07 $31,805.04 $345,193.11
—27—
ASSETS
Cash:
On deposit
Fixed assets - at cost:
Land
Swimming pool and bathhouse
Filter system
Furniture and equipment
Less allowance for depreciation
LIABILITIES AND SURPLUS
Payables:
Trade accounts
Due to Park Sinking Fund
Surplus invested in fixed assets:
Acquired by bonds
Acquired by surplus
Donated
Unappropriated surplus (deficit)
SWIMMING POOL FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1963
$1839792.03
17,000.00.
3,637-01
204,429.04
41,303.17
$ 670.75
$ 109000.00
163,125.87 173,125.87
$173,796.62
$170,356.50
.2,719.37
50.00
$ 177.75
11,791-50
11,969.25
173,125.87
( 11,298.50)
$173,796.62
-28-
SWIMMING POOL FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1963
Invested in Fixed Assets
Unappro— From From
Total priated Donated Surplus Bond Fund
Balance at January 1, 1963 $171,145.75 $ 9,569.49 *` 50.00 $3,252.18 $177,413.06
Transfers and deductions:
Net loss for year $ 4,971.38# $ 4,971.38#
Less interest provided for
at December 31, 1962 in-
cluded in operations 7,444.50 7,444.50
$ 2,473.12 $ 2,473.12 — — —
Provision for depreciation — 7,589.37 532.81* 7,056.56*
Allocated to Sinking Fund
for bonds 11,791.50# 11,791.50#
Balance at December 31, 1963 $161,827.37 $11,298.50# $50.00 $2,719.37 $170,356.50
*Indicates red figure.
r1
SWIMMING POOL FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1963
Balance at January 1, 1963
Additions:
Pool fees
Concession income (see separate schedule)
Add depreciation.included therein
Other
Deductions:
Operating expense (see separate schedule)
Less accounts payable at December 31, 1963
Payment made on accruals at December 31, 1962
$ 2,436.60
$40,395.64
$1,364.57
340.24 1,704.81
;778.38 42.878.83
$45,315.43
.,$32,816.34
177.7
32,638.59
12.006.09
Balance at December 31, 1963
44.644.68
$ 67:0..75.
—30—
SWIMMING POOL FUND
STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
Year Ended December 31, 1963
Revenues:
Pool 'fees: '
Season tickets
General admissions
Rental T.iinstructlon pzognam
Other
$35,026.50
5,369.14
Operating expenses:
Salaries and wages:
Supervision and clerical
$3,307.80
].Life guards
9,275.75
Cashier
945.64
Basket room attendants
2,890.20
Watchmen
916.50
Maintenance
3,526.47
$20,862.36
Gas
1,305.25
Light and power
i.;
1,358.60
Water and sewer
185.46
Telephone
102.19
Insurance
19239.68
Repaiis and maintenance
1,456.20
Rubbish removal
150.00
Cleaning supplies
383.92
Water treatment
1,723.20
Spray material
308.74
Overhaul boiler
19140.84
Paint
353.58
Office supplies
307.73
General supplies
966.59
Central services
972.00
INCOME BEFORE PROVISION FOR DEPRECIATION
AND DEBT SERVICE CHARGES
Provision for depreciation
INCOME BEFORE DEBT SERVICE CHARGES
Debt service
NET LOSS FROM SWIMMING POOL
OPERATION
Income from concessions — see
separate schedule
NET LOSS FROM OPERATION
$40,395.64
750.00
28.38
$41,174.02
32.816.34
$ 8,357.68
7,249.13
$ 1,108.55
7.444-50'
6,335.95
1,364.57
$ 4,971.38
-31- tI
SWIMMING POOL FUND
STATEMENT OF INCOME AND EXPENSE (CONCESSIONS ONLY)
VILLAGE OF EDINA
Year Ended December. 31, 1963
Operating expenses:
Salaries and wages:
Manager $ 844.50
Clerks 1,425.38 $2,269.88
Repairs and maintenance 160.04
Equipment rental 25.00
Provision for depreciation 340.24 2,795.16
NET INCOME $1,364.57
-32-
Gross
Profit
Cost of
Per Cent
Sales
Sales
Amount
to Sales
Soft drinks
$1011.00
$ 800.00
$ 511.00
38.98%
Soft ice cream
2,649.40
1,323.29
1,326.11
50.05
Popcorn
19818.24
292..96
1,525.28
83.89
Sandwiches
1,088.55
760.43
328.12
30.14
Cupcakes
1,330.95
861.73
469.22
35.25
$8,198.14
$4,038.41
$4,159.73
50.74%
Operating expenses:
Salaries and wages:
Manager $ 844.50
Clerks 1,425.38 $2,269.88
Repairs and maintenance 160.04
Equipment rental 25.00
Provision for depreciation 340.24 2,795.16
NET INCOME $1,364.57
-32-
SWIMMING POOL FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1963
-33-
Balance
Balance
January 1,
December 31,
1963
Additions
1963
ASSETS
Land
10,000.00
10,000.00
Swimming pool and bathhouse
183,792.03
183,792.03
Filter system
17,000.00
17,000.00
Furniture and equipment
3,637.01
3,637.01
$214,429.04
$ _
$214,429.04
ALLOWANCE FOR
DEPRECIATION
Swimming.pool and bathhouse
$ 24,714.59
$59525.67
$ 30,240.26
Filter system
79650..00
1,700.00
9,350.00
Furniture and equipment
1,349.21
363.70
1,712.91
$ 33,713.80
$7,589.37
$ 41,303.17
NET BALANCE $180,715.24
$173,125.87
-33-
GOLF COURSE FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1963
ASSETS
Cash:
'On deposit
Investments:
United States Government securities -
at face value
Prepaid interest
Advances to Park Contruction Fund
Fixed assets
LIABILITIES, RESERVE AND SURPLUS
Accounts payable
Due to Park Construction Fund
Loan.from Liquor Dispensary Fund
Bonds payable
Reserve for debt service
Deficit
*Indicates red figure.
$ 5,556.99
115,000.00
11,905.29
825,000.00
2,582.83
$960,045.11
$ 1,030.00
392.83
1,422-83
60,000.00
825,000.00
77,875.00
4,252.72*
$960,045,11
-34-
GOLF COURSE FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
For the Period Nmrembea 4, 1963 to December 31, 1963
Balance November 4, 1963
Deductions:
Cost of bond sale
Operating expenses:
Village labor
Professional services
General supplies
Additions:
Premium on sale of bonds
Income on investments '
$1,235.00
$3,605.39
100.00 .
737.96 4,!,43,35._ 5,678.35
$5,08-35
$ 660.02
765.61 1,425.63
Deficit at December 31, 1963 $4,252.72
-35-
GOLF COURSE FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
For the Period November 49 1963 to December 319 1963
Balance at November 49 1963
Additions:
Proceeds from bond sales:
Principal
Accrued interest
Transfer from Liquor Dispensary Fund:,
Reserve for debt service
Loan
Income on investments
Deductions:
Investments purchased
Advances to Park Construction Fund
Prepaid interest
Purchase of fixed assets
Less amount due to other funds
Cost of bond sale
Operating expenses
Less trade accounts payable at
December 3.1, 1963
$825,000.00
660.02
825,660.02
$77,875.00
60,000.00 137,875.00
765.61
$115,000.00
825,000.00
11,905.29
$ 2,582.83
392.83 2,190.00
1,235-00
$ 4,443.35
1,030.00 _ 3,413.35
Balance at December 31, 1963
0
96 300.63
964,300.63
958,743.64
$ 5,556.99
-36-
GOLF COURSE FUND
BONDS PAYABLE
VILLAGE OF EDINA
December 31, 1963
Annual maturity and interest date
Interest rate
Year
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
December 1 and
June 1
2.5% to 3.5%
$ 25,000.00
25,000,00
25,000.00
25,000.00
25,000.00
35,000.00
35,000.00
35,000.00
35,000.00
35,000.00
35,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
50,000.00
50,000.00
50,000.00
50,000.00.
50,000.00
TOTAL $825,000.00
-37 -
PARK SINKING FUND
BALANCE SHEET
VILLAGE OF EDINA
December 319 1963
ASSETS
Cash:
Demand deposits
Investments:
Edina Park System Bonds - at face value
United States Government securities -
at face value
Receivables:
Due from Swimming Pool Fund
Taxes receivable - current
Taxes receivable - deferred
Less:
Allowance for uncollectible
taxes $27,140.00
Allowance for delinquent
taxes 2,835.00
LIABILITIES, RESERVE AND SURPLUS
Amount payable during 1964:
Interest
Bonds
Bonds payable
Less current portion - shown above
Reserve for future interest
Less current portion - 'shown above
Surplus - unappropriated
10,000.00
30,000.00
$ 11,791.50
$ 56,700.00
1,036,000.00
$1,092,700.00
$ 7,594.06
40,000.00
29,975.00 1,062,725.00 1,074,516.50
$1,122,110.56
$ 780,000.00
30,000.00
286,575.00
27,715.00
$ 27,715.00
30 000.00'
57.,715.00
750,000.00
258,860.00
55,535.56
$19122,110.56
-38-
.PARK SINKING FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1963
Balance at January 1, 1963 $35,633.97
Additions:
Income on investments
Overcollection on current taxes receivable
Transfers:
Reserve for future interest
Reserve for uncollectible taxes $149285.00
Less portion allocated to
Swimming Pool `Fund 3,508.50
Deductions:
Payment to fiscal agents:
Interest
Service charge
Transfer to allowance for delinquent
taxes
$ 7,524.52
217.65
$29,125.00
10,776.50 39,901.50 47.643-67
83,277.64
$26,554.34
102.74 $26,657.08
1,085.00
Balance at December 31,1963
27,742.08
$55,535.56.
-39-
PARK. SINKING FUND
ANALYSIS 0'P CHANGE IN CASH BALANCE:
VILLAGE OF EDINA
Year Ended December 31, 1963
Balance at January 1, 1963 13,978.63
Additions:
Tax settlements received from County:
March 1963
June 1963
November 1963
Sale of investments
Income on investments
Payment received on amounts due from
other funds at December 31, 1962
Deductions:
Purchase of investments
Payment to fiscal agents:
Principal
Interest
Service charges
2,074.03
17,059.57
16,084-05
35,217.65
100,000.00
7,524.52
11,944.50 15 686.67
168,665.30
$105,000.00
$30,000.00
25,968.50
102.14 56,071.24 161,071.24
Balance at December 31, 1963 $ 79594.06
-40-
PARK SINKING FUND
BOND AND INTEREST MATURITIES, DEFERRED TAX LEVIES AND RESERVE FOR UNCOLLECTIBLE TAXES
VILLAGE OF EDINA
December 319 1963
Annual maturity and interest dat,e
Interest rates
Year ,BQnds
1965
$ 30,000.00
1966
30,000.00
1967
40,000.00
1968:
40,000.00
1969
40,000.00
1970
40,000.00
1971
40,000.00
1972
509000.00
1973
509000.00
1974
509000.00
1975
50,000.00
1976
40,000.00
1977
509000.00
1978
509000.00
1979
50,000.00
1980
509000.00
1981
50,000.00
TOTAL $750,000.00
#Indicates red-figure.
March 1, June 1,
-41-
September 1 and
December 1
2%to3.9%
Allowance for.
Uncollectible
Deferred
Interest
Taxes
Levies
269882.50
$159117.50
$ 729000.00
269027.50
169972.50
73,000.00
24,835.00
39165.00
68,000.00
239485.00
49515.00
68,000.00
229135.00
69865.00
699000.00
209755.00
99245.00
709000.00
19,375.00
10,625.00
709000.00
17,810.00
39190.00
71,000.00
169040.00
5,960.00
729000.00
149230.00
7,770.00
729000.00
129380.00
10,620.00
739000.00
109530.00
12,470.00
639000.00
89775.00
5,225.00
649000.00
6,825.00
8,175.00
65,000.00
4,875.00
11,125.00
669000.00
29925.00
529925.00*
975.00
50,975.00#
$2589860.00
$ 279140.00
$190369000.00
-41-
PARK CONSTRUCTION FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1963
ASSETS
Cash:
On deposit
Investments - at face value:
United States Government securities
Edina Park System Bonds
Due from other funds
Fixed assets - at cost:
Land
Construction in progress
Equipment
LIABILITIES AND SURPLUS
Trade accounts payable
Advance from Golf Course Fund
Surplus invested in fixed assets
Reserve for construction
At December 31, 1963 ccommitments,ihc.ludbd'
a contract for construction of a golf
course club house for $149,100.00.
200,000.00
16.000.00
$ 21,612.03
216,000.00
392.83
$ 458,861.19
1,177,226.17
20,486.73 1,656,574.09
$1,894,578.95
4 28,215.40
825,000.00
983,576.78
57,786.77
$1,894,578.95
—42—
PARK CONSTRUCTION FUND
ANALYSIS OF RESERVE FOR CONSTRUCTION
VILLAGE OF EDINA
Year Ended December 31, 1963
Balance at January 1, 1963
Additions:
Transfer from Liqu6r Dispensary Fund
Income on investments
Deductions:
Purchase of fixed assets
Transfers to golf.course construction
Cost of bond sale
$ 86,915.00
1.380.00
$180,166.50
36,068.86 $144,097.64
1,725.00
Balance at December. 31, 1963
$115,314.41
88,295.00
$203,609.41
145,822.64
$ 57,786-77
-43-
PARK CONSTRUCTION FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1963
Balance at January 1, 1963
Additions:
Transfer from Golf Course Fund
Transfer from Liquor Dispensary Fund
Income on investments
Sale of investments
Increase in liabilities:
Accounts payable:
Balance at December 31, 1963
Balance at January 1, 1963
Deductions:
Purchase of investments
Cost of bond sale
Purchase of fixed assets:
Golf Course
Other
Payment made for another fund
* rndicated overdraft
5,033.503
$825,000.00
86,915.00
1,380.00
120,000.00
$,28,215-40
15,652.09 12,563.31 1,045.858.31
$1,040,824.81
$200,000.00
1,725.00
$636,928.45
180,166.50 817,094.95
392.83 1,019,212.78
Balance at December 31, 1963 $ 21,612.03
-44-
PARK CONSTRUCTION FUND
FIXED ASSETS
VILLAGE OF EDINA
December 31, 1963
Land:
Highway 169 and Hanson Road $ 15,007.09
Hays Farm property 221,475.35
Coffman property 12,639.48
Cornelia property 76052.04
Pamela Park 2,440.00
Jackson and Belmore Lane area 23,487.05
Sixty— second and Beard area 26,650.00
Fifty— second and Arden area 1,250.00
Sixty— second and Tracy area 18,300:00
Lake Edina Second area 30,205.00
Fifty —fifth and York area 7,250.00
Birchcrest Park 5,401.00
Division and Rutledge area 6,075.00
Normandale area 9,028.27
Unallocated 3.300.91 $ 458,861.19
Construction.in progress:
Fiftieth and Wooddale $ 18,621.06
Fifty- sevehth and Chowen 5,508.67
Lake Cornelia area 43,575.81
Pamela area 149,452.47
Fifty— second and Arden 16,962.28
Normandale area 39,561.11
Jackson and Belmore Lane area 26,499.86
East Mirror Lake area 49,049.47
Fifty —fifth and York 7,011.75
Sixty— second and Beard 7,511.93
Hays Farm property 6,694.87
Cornelia, School site 36,086.42
Sixty —ninth and McGuire 2,233.39
Division and Rutledge area 30,892.95.
Sixty— second and Tracy area 14,939.24
Valley View.School site 6,123.44
Golf course 672,997.31
Garden Park 24,334.38
Other park areas 8,200.50
Unallocated 10.969.26 1,177,226.17
Equipment 20.486.73
TOTAL $1,656,574.09
—45—
LIABILITIES, RESERVES AND SURPLUS
Total
ASSETS
Accrued interest
74,335.72
Cash:
.24,864.86
Due to Hennepin County
Demand deposits
Due to other funds
136,590.77
Time deposits
151,494.03
50,000.00
—
$
1869590.77
Investments
2,274,000.00
Receivables:
Bonds payable
10,5109000.00
Special assessments:
67,870.45
Reserve for assessment adjustments
Current — certified in 1963 — collectible in 1964
Reserve for construction
19402,990.83
Delinquent
•.1,020,425.49
309,748.34
Deferred
XC
6,364,930.7-18
Taxes and assessments receivable — Village share of projects:
Current
109200.00%
Deferred
211,021.87
8,298,268.22
Less allowance for delinquent taxes
X 711.466,11
$
795869802.1.1
Due from State —Aid account — State of Minnesota
321,114.86'
Due from 'other funds
32,479.47
Due from Construction Fund for advances
—
Loan to Construction Fund
100,000.00
Prepaid interest
209200.74
Construction in progress:
Current
192569023.46
Deferred
151,494.03
Unallocated construction cost
73.466.19
$12,0029171.63
LIABILITIES, RESERVES AND SURPLUS
Accounts payable
$ 2,560.22
Accrued interest
74,335.72
Future interest
.24,864.86
Due to Hennepin County
11,519.70
Due to other funds
40,498.65
Construction contracts payable
151,494.03
Advance from Improvement Funds
—
Loan from Permanent Improvement Revolving Fund
1009000.00
Payable to City of Minneapolis for Village share of sewage
disposal plant
4,716.61`
Bonds payable
10,5109000.00
Construction.depgsits
67,870.45
Reserve for assessment adjustments
33,616.07*
Reserve for construction
_ 27,501.97
Surplus -- unappropriated
•.1,020,425.49
$12,002,171.63
Indicates red figure.
-6.6-
IMPROVEMENT
FUNDS
COMBINED BALANCE
SHEET
VILLAGE OF
EDINA
December 31,
1963
`
1953
Joint
Permanent
Improvement
Sanitary
1954 Improvement
Improvement
Municipal
Sewer
Improvement
First
Sewer
Southdale
First
Second
Bond
State -Aid
Elimination
Construction
No. 1
Revolving
Series
No. 53
Improvement
Series
Series
Redemption
Street Bond
$ 32,530.95
$ 109.05
$ 3,562.72
$ 4,636.36'
$ 7,706.85.
29153 69
$ 69137.49
$ 12,749.58
639952.90
$ 39051.18
-
$ 329530.95
$ 109,05•
$ 3,562.72
$ 4,636.36:
$
29153.69
$ 6,137.49
$ 12,749.58
$
50,000.00
. 113,952.90 '
$ 3,051.18
7,000.00
80,000.00
709000.00
.7,706.85
190,000,00.
125,000,00 -
359000.00
55,000.00
1,712,000.00
$ 109325.49
$159339.62
$ 369161.63
$ 11,307.42
$10,401.22
$ 34,751.94
$
1,284,703.51
$ 552.92
X 18,152.54
4,993.11
69182.51
940.63
609.63
13,634.34
264,682.66
,,7,398.96
216,969.77
4,320.01
36,948.45
,x
6,098,669.99.
.10,200.00
$ -
$ -
$ 552.92
$ 35,876.98
$20,332.73
69,098.54
$328,412 45'
$16,568.06
11,010.85
85,334.73
141.923-33
7,800,179.49
-
552.92
19,038.76
.5,760.09
24,609.76,
1 722.00
1,105.72
17,219.36
641,457,50
$ -
$ -
$ -
$ 169838.23
$14,572.64
$303,,802.69
14,L846.06
$ 9,905.13
$ 689115.37
$
7,158,721:99
$ -
23,017,4
636.86
3219114.86
492.34
447.62
7,884071'
-
1,0869949.95
44,061.48
1,042,888.47
100,000.00
20,200.74
1,2569023.46
151,494.03
2,424.00
71,042.19
$1,086,949.95
$19442,964.78
$79109.05
$200,848.57
$89,209.00
$509,394.25
$165,017.69
$51,042.62
$179,926.43
$10,119,443.15
$324,166.04
$
$ 386,67
$ 19500.00
$ 240.00
$ 805.00
719404.05
$ 24,864.86
$ 26070
47.75
$ 1,307030
6.45
204.75
9,926075
$ 9,148.38
497.77
714.55
49938.03
25,199 92
151,494-03
$1,086,949.95
1,086,949.95
100,000.00
$4,716.61
40,000.00
445,000000
1509000.00
309000.00
105,000.00
9,440,000,00
300,000.00
67,870.45
145.02#
9,545.56
13,286.27
56,302,88*
27,501,97
2,392.44
200,966.89
48,276.81
63,086092
3,965.68
20,088.07
55,692.38
626,655.09
698,82*
$19086,949.95
$19442,964.78
$7,109005
$2009848.57
$89,209.00
$509,394.251
$165,017.69
$51,042.62
$179,926.43
$10,119,443.15
$324,166.04
-6.6-
IMPROVEMENT FUNDS
STATEMENT OF SURPLUS - UNAPPROPRIATED'
VILLAGE OF EDINA
Year Ended December 31, 1963
Balance at January 1, 1963
Additions:
Interest spread on assessments for
collection in 1964
Accrued interest on sale of bonds
Income on investments
Capitalized interest
Other
Deductions:
Interest on bonds
Bank service charges
Cost of bond sale
Cancellations and adjustments
Transfers - add (deduct):
Allowance for delinquent taxes
Interfund transfers
Reserve for assessment adjustments
Balance at December 31, 1963 -
* Indicates red figure.
Joint Permanent
Sewer Improvement
Total No. 1 Revolving
$ 77.4;116.09 $2,222.16. $122,032.72
$ 396 ";102.52'
1,006.48
87,567.11 $ 170.28
105,821.09
80.30 "
$ 590,577.50 $ 170.28
$ 2829618.44
3,339.72
4,001.75
3,509.44
$ 293,469.35 $ -
$1,0719224.24 $2,392.44
( 60,371.74)
9,572.99
-$1,020,425.49 $29392.44
1951
1952
1953
$ 730.46
$129053.88
$ 744.17
$ 495.30
Improvement,
Improvement
Improvement
Sanitary
1954 Improvement
Improvement
Second
First
First`.
Sewer
Southdale First
Second
Bond
Series
Series
Seri•es�
No. 53
Improvement Series
Series
Redemption
$64,484.82{
I
$7,461.01
$37,677.47
$64,124.31
$29781.99 $18,202.43
$509724.82
$404,053.18
Municipal
State -Aid
Street
Bo nd
$ .351.18
$ 840.49
I
$ 730.46
$129053.88
$ 744.17
$ 495.30
$ 39413.99
$3779824.23
1,370.88
$ 19924.55
1.9207.95
3,337.03
29378.29
..528.13
915.32
l,006.48
759734.38
105,821.09 .•
.
$ 33.25
1.29
45.76
0. 29211.37
$ 1,924.85'
8 33.25
6 1;939.70 ".
$15,390.91
$39122.46
$ 19023.43
$491329.31
$5609431.94,.
$ -
-
$ 19475.83
$ 435.41
$ 1,280.83
$15,402.50
$4,575.00
$ 780.00
$ 29568.33
$256;100.54
93.25;
56.00
37.25
94.75
30.57
21.10
57.50
2049.30
29951.75'
$1,050.00
0 18.57
4.35;
3,468.32
11.05
7.15
0 18..57
$ 1,573:43!
1. 1
$ 1,318.08
$18,965.57
$4,605-57
$ 812.15
$ 2,625.83
$262,008.74
$1,050-00
9124,225.52 "
$64,836.24.,
$7,002•.85
$38,299.09
$60,549.65
$1,298.88
$189413.71
$52,428.30
$702,476.38:
1 698.82#
4,902.28
71,839.09 ( 64,836.24), ( 7,002.85)
$200,966.89
1,429.05: 2,537.30 29666.80 650 ".04 3,264.08 ( 75,821.29)
8,548.67 1,024.32
$489276.81 "$63,086:95. $39965.68 $20,088.07 $55,692.38 $626,655.09 $- 698.82#
-47-
Balance at January 1, 1963
Additions:
Remittance from County Auditor:
On special assessments
On taxes receivable
Collections by Village on special assessments
Proceeds from salb of bonds:.
Principal
Accrued interest
Sale of investments
Collection from other funds
Advance from Improvement Bond Redemption Fund
Payment received on connection charges
Construction deposits received
Loan repaid
Payment received from State of Minnesota
Loan from Permanent Improvement Revolving Fund
Collection for another fund
Other
Deductions:
Construction costs charged to others:
General Fund
Permanent Improvement Revolving Fund
Waterworks Fund
Park Fund
Improvement Bond Redemption Fund
Other
Less collections received
Decrease in construction in progress:
Balance at January 1, 1963:
Current construction $19658,709.35
Deferred construction 404,857.83
Unallocated costs 4,469.07 $2,068,036.25
Balance at December 31, 1963:
Current construction $19256,023.46
Deferred construction 151,494.03
Unallocated costs 2,424.00 1,409,941.49
$ 658,094.76
$ 25,518.66
11,103.38
12,840:62
982.51
.1,628,527.80
2,963.62
$1,681,936.59
53,860.15
$196289076.44
Combined
$ 295,869.50
$1,281,612.60
10,060.90
404,943.35
2,400,000.00
1,006.48
3,397,707.74
5,769.50
1,400,000.00
26,172.99
41,711.37
37,000.00
103,276.55
100,000.00
8,019,18
418.55..
$9,217,699.21
Less decrease in contracts
payable:
Balance at January 1, 1963 $ 404,857.83
Balance at December 31, 1963 151,494.03 253,363.80 404,730.96 1,223,345.48
(Balance Carried Forward) $8,290,223.23
1.223.345.48
$ 138,804.76 $18,185.01 $225,891.42 $189,074.16 $53,511.24 $164,217.51 $298,504.45 $346,926.51 $58,049.86 $152,580.31 $6,540,787.33 $103,690.67
—48—
IMPROVEMENT
FUNDS
ANALYSIS OF CHANGE IN
CASH BALANCE`
VILLAGE OF EDINA
Year Ended December
31, 1963
1951
1952
1953
Joint
Permanent
Improvement
Improvement
Improvement.
Sanitary
1954 Improvement
Improvement
Municipal
Sewer
Improvement
Second.
First
First
Sewer
Southdale
'First
Second
Bond
State —Aid,
Construction
No. l
Revolving
Series
-Series
Series
No. 53
Improvement
Series
Series
Redemption
Street Bond
$ 191,281.89#
2;014.73
$ 4,596.12
$ 11,061.23
$ 2,932.83
$ 3,795.67
12,775.21
3,433.86
$ 900.18
$ 5,306.91
$ 440,009.05
325.60
$ 329195.66
$ 69431.02
$ 5,331.56
$ 23,438.86
$ 459234.09
$ 14,486.73
$11,311.27
$ 399852.22
$19103,331.19
10,060.90
5,143.36
,775.03
59750.90
819.44
310.28
4,505.86
387,638.48
29400,000.00
1,006.48
$169170.28
1469370.88.
171,518.97
459000.0 0
1369207.95
228,337.03
3179378.29
459528.13
1.02,915.32
2,188,280.89
$ 3,701.58
178.37
62.94
1,826.61
1,400,000.00
407.03
24.6.85
69407.22
10,$08.19
89303.70
41,711.37
37,000.00
$103,276.55
100,000.00
8,019.18
330.03
88.52
$1,5539'432.13.
$16:9170.28
$221,295.30
$178,012.93
$50,578.41
$160,421.84'
$285,729,24
$343,492.65
457,149,68
$1479273.40
$69100,778.28
$103,365.07
1.223.345.48
$ 138,804.76 $18,185.01 $225,891.42 $189,074.16 $53,511.24 $164,217.51 $298,504.45 $346,926.51 $58,049.86 $152,580.31 $6,540,787.33 $103,690.67
—48—
Combined
(Balance Brought Forward) $8,290,223.23
Deductions (cont'd):
Payment to other funds accrued
at December 31, 1962
2,145.07
Investments purchased
3,900,000.00
Payment to County Auditor for
bookkeeping charges
1,622.40
Transfer to Construction Fund
1,400,000.00
Bonds redeemed
2,249,594.12
Interest on bonds
287,490.78
Bank service charges
3,339.72
Refund on connection deposits
4077.20
Cost of bond sale
4,001.75
Cost charged directly to reserve
for assessment adjustment
1,597.43
Paid to City of Minneapolis —
sewage disposal plant
3,075.96
Prepaid interest
20,200.74
Payment on connection charges
14,465.59
Construction costs
117199.52
Return of advance from General
Fund''.
1009000.00
Loan to Construction Fund
100,000.00
Other
522.18
$8,103.632.46
$ 186,590.77
Interfund transfers
—
Balance at December 31, 1963
$ 186,590.77
* Indicates red figure.
Construction
$ 138,801.76
$ 1,896.61
4,377.20
IMPROVEMENT FUNDS
ANALYSIS OF CHANGE IN CASH BALANCE (Cont'd)
Joint Permanent
Sewer.. Improvement
No: 1 Revolving
$189185•.01 $225,891.42
$15,000.00
3,075.96
100,000.00
106,273.81 $18,075.96
$ 32,530.95 $ 109.05
$ 32,530..95 $ 109.05
$115,000.00
59.45
11,103.38
100,000.00
92.02
$226,254.85
$ 363.43#
3,926.15
$ 3,562.72
1951
Improvement
Second
Series
$189,074.16
$120,000.00
16.30
65,000.00
1,610.00
93.25
1952
Improvement.
First
Series
$5395.11.24
1953
Improvement -
First
Series
$164,217.51
Sanitary
1954 Improvement
$230,000.00
Improvement
Sewer Southdale
First
Second
Bond
No. -53 Improvement
Series
Series
Redemption
$298,504.45 $346,926.51
$58,049.86
$152,580.31
$6,540,787.,33
301.82 575.24
96.14
$187,117.51.
$ 1,956.65
1,956.65#
2,997.15
$51".541.74 $.159,581.15
$ 1,969.50 a $ 4,636.36
1,969.50#
$ - $ 4,636;36.
35:70
$290,797.60 $344.772.82
$ 7,706.85, $ 2,153.69
$ 7,706.85 $ 2,153.69
964.82
$51,912.37
$ 6.137.49
$ 6,137.49
1,836.78
$139,830.73
$ 12,749.58
$ 12,749.58
$ 185.52
2,835,000.00
1,135.85
1,400,000.00
1,900,000.00
254,629.60
2,949.30
2,951.75
1,597.43
20,200.74
7,789.78
394.46
$6,426,834.43
$ 113,952.904
$ 113,952.90
Municipal
State -Aid
Street Bond
$103,690.67
$ 62.94
94,594.12
4,932.43
1,050.00
$100,639.49
$ '3,051.18
$ 3,051.18
-49-
$1309000.00
$230,000.00
$325,000.00
$35,000.00
$ 95,000.00
$ 16.75
24.25
264.65
17.25
.26.45
61.45
50,000.00
259000.00
45,000.00
15,000.00
15,000.00
40,000.00
893.75
1022.50
15,402.50
4,725.00
900.00
29875.00
56.00
37.25
94.75
30.57
21.10
57.50
301.82 575.24
96.14
$187,117.51.
$ 1,956.65
1,956.65#
2,997.15
$51".541.74 $.159,581.15
$ 1,969.50 a $ 4,636.36
1,969.50#
$ - $ 4,636;36.
35:70
$290,797.60 $344.772.82
$ 7,706.85, $ 2,153.69
$ 7,706.85 $ 2,153.69
964.82
$51,912.37
$ 6.137.49
$ 6,137.49
1,836.78
$139,830.73
$ 12,749.58
$ 12,749.58
$ 185.52
2,835,000.00
1,135.85
1,400,000.00
1,900,000.00
254,629.60
2,949.30
2,951.75
1,597.43
20,200.74
7,789.78
394.46
$6,426,834.43
$ 113,952.904
$ 113,952.90
Municipal
State -Aid
Street Bond
$103,690.67
$ 62.94
94,594.12
4,932.43
1,050.00
$100,639.49
$ '3,051.18
$ 3,051.18
-49-
Annual maturities and interest dates
Interest rates
IMPROVEMENT FUNDS
BONDS PAYABLE
VILLAGE OF EDINA
December 31, 1963
Year Total
1964
$ 1,090,000.00
1965
1,375,000.00
1966
1,320,000.00
1967
1,305,000.00
1968
19025,000.00
1969
190259000.00
1970
8009000.00
1971
600,000.-00
1972
6009000.00
1973
6009000.00
1974
285,000:00
1975
145,000.00
1976
1059000.00
1977
1059000.00
1978
65,000.00
1979
65.000.00
TOTAL
$10,510,000.00
1953
1,140,000.00
$100,000.00
191409000.00
Improvement
Sanitary
100,000.00
1954 Improvement
First
Sewer
Sou'thdale
First
Second
Series
No. 53
Improvement
Series
Series'
March 1 and
January 1
March 1 and
March 1 and
March 1 and
September l
and July 1
September 1
September 1
September 1
2 9/10%
3 1/4% and
1 7/10% and
2 4/10%
1 3110% to
3 1/10%
3%
2 3110%
$20,000.00 ,
$ 15,000.00
$15,000.00
$ 40,000.00
20,000.00
$ 45,000.00
15,000.00
15,000.00
40,000.00
40,000.DO
15,000.00
25,000.00
40,000.00
15,000.00
40,000.00
15,000.00
40,000.00
15,000.00
40,000.00
15,000.00
40,000.00
15,000.00
40,000.00
15,000.00
40,000.00
15,000.00
40,000.00
40,000.00
$40,000.00
$445,000.00
$150,000.00
$30,000.0.0
$105,000.00
Improvement
Bond
Redemption
March 1, June 1,
September 1, and
December 1
2% to 3 9/10%
Municipal
State —Aid
Street Bond
June 15 and
December 15
2 1/2%
$19000.000.00
1,140,000.00
$100,000.00
191409000.00
100,000.00
19150,000.00
100,000.00
970,000.00
970,000.00
745,000.00
545,000.00
545,000.00
545,000.00
245,000.00
105,000.00
-105,000.00
105,000.00
65,000.00
65,000.00
$994409000.00
$300,000.00
-50-
ASSETS
CURRENT ASSETS
Cash:
Demand deposits
Appropriated funds
Investments:
United States Government securities – at cost
Accrued interest
Less amount segregated and shown..be.low
Accounts receivable:
From customers
Due from General Fund
Inventories:
Meters – at cost
Supplies – estimated
Prepaid expenses:
Prepaid interest
Insurance
OTHER ASSETS
Segregated investments - reserve for
debt retirement
FIXED ASSETS..– Note A
Land
Land improvements
Buildings and equipment
Less allowance for depreciation
Construction in progress
WATERWORKS
- BALANCE
VILLAGE OF
December
$ 10,683084
19 038000
29,721,84
$ 254,194064
103.22
$ 2549297086
589498.25 195,799.61
$ 26,712085
99041.02 35,753087
$ 109191916
1,750000 1199.41016
$ 5,772.72
384°39 6,157.11
TOTAL CURRENT ASSETS 279,373059
$ 9,962075
49329,031°24
$4,338,993099
7829219069
58,498025
$ 27,556038
3,556,77430
2839009071 3,8679340-39
$49205,212023
�l
FUND
SHEET
EDINA
31, 1963
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Accounts payable and accrued expenses:
Trade accounts
Salaries and wages
Interest
Due to General Fund
Current maturities of bonds payable
LONG -TERM DEBT
Bonds payable - Note B
Less current maturities - shown above
SURPLUS
Invested in fixed assets
Revaluation of fixed assets - Note A
Contributed by special assessments -.
Note A
Contributed by General Fund
Earned:.
Appropriated
Unappropriated
See notes to balance sheet.
$ 833,000.00
339000000
$ 437,441.51
289695048
2,555,208002
129995°38 $3,034,340-39
$ 77,536025
187991652 2659452..77
65,259 -i7
965073
5 428°17
71,653007
766000
33,000-00
105,419007
800 9 000 00
3,299,793 16
$4,2059212023
-5.1-,
WATERWORKS FUND
NOTES TO BALANCE SHEET
VILLAGE OF EDINA
December 31, 1963
Note A - The original utility purchased in 1947 is carried at amounts based on appraisal at
time of acquisition. Subsequent purchases are carried at cost. Watermains for
which the benefited property owners have been assessed are carried at construction
cost with contra — credit to surplus contributed by special assessments. Each of the
afore — mentioned amounts has been reduced by the depreciation thereon charged t'o in-
come which has been transferred to earned surplus.
Note B — The annual maturities, due dates and interest rates are as follows:
1979 .
1980
$40,000.00 $30,000.00
Bonds maturing after September 1, 1957 of the 1947 issue shall be subject to re-
demption and prepayment at the option of the Village on said date and any interest
date thereafter. Bonds maturing after March 1, 1963, of the 1953 and. 1955 issues,
shall be subject to redemption and prepayment at the option of the Village on said
date and any ibterest due date thereafter. 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 ac-
crued interest, iplus a'premmum..of $10vOO for' each bondesedebmed,7-arid'in!inverse
order of their serial numbers. Thirty days prior notice must be given'to bond-
holders.
$120,000.00 $243,000.00
509000,00 50,000.00
50,000.00 50,000.00
$400,000.00 $833,000.00
—52—
1947 Issue
1953 Issue
1955 Issue
1959 Issue
1963 Issue
Total
Annual maturities and interest dates
March 1 and
March l and
March 1 and
March 1 and
June 1 and
September 1
September 1
September 1
September 1
December 1
Interest rates
2.75%
2.75%
2.30% and
2.80 %,
2.50 %,
2 .50%
3.10,
2.80 %,
3.40% and
3.00 %9
3.50%
3.20% and
3.30%
Annual amount of maturities:
1964
$10,000.00
$ 5,000.00
$ 10,000.00
$ 8,000.00
$ 33,000.00
1965
10,000.00
5,000.00
10,000.00
8,000.00
33,000.00
1966
10,000.00
10.,000.00
109000.00
8,000.00
$ 10,000.00
48,000.00
1967
10,000.00
10,000.00
10,000.00
8,000.00
10,000.00
48,000.00
1968
30,000.00
89000.00
10,000.00
48,000.00
1969
30,000.00
89000.00
10,000.00
48,000.00
1970
20,000.00
15.,000e -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
559000.00
1975
40,000.00
20,000.00
60,000.00
1976
50,000.00
50,000.00
1977
509000000
50,000.00
1978
50,000.00
509000.00
1979 .
1980
$40,000.00 $30,000.00
Bonds maturing after September 1, 1957 of the 1947 issue shall be subject to re-
demption and prepayment at the option of the Village on said date and any interest
date thereafter. Bonds maturing after March 1, 1963, of the 1953 and. 1955 issues,
shall be subject to redemption and prepayment at the option of the Village on said
date and any ibterest due date thereafter. 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 ac-
crued interest, iplus a'premmum..of $10vOO for' each bondesedebmed,7-arid'in!inverse
order of their serial numbers. Thirty days prior notice must be given'to bond-
holders.
$120,000.00 $243,000.00
509000,00 50,000.00
50,000.00 50,000.00
$400,000.00 $833,000.00
—52—
WATERWORKS FIND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1963
Total
Balance at January 1, 1963 $2,940,985.87
Additions:
Watermains contributed by special assessments $ 346,378.79
Net income for year 12,428-50
358,807.29
$3,299,793.16
Transfers:
Provision for depreciation —
Adjustment for fixed assets acquired from.bond proceeds —
Bonds retired —
Increase in appropriation of funds for reserve for
debt retirement —
Balance at December 31, 1963 $3,299,793016
# .Indicates red figure.
Invested,
Contributed
Contributed
Earned Surplus
in Fixed
by
by
Unappropriated
Appropriated
Assets
Assessments
General Fund
Revaluation
$ 26,162.55
$66,089.38
$541,373.60
$2,264,659.89'
$13,322.99
$29,377°46
'$ 346,378.79
12.428-50
12,428-50
38,591.05
66,089-38
-
$541,373.6o
6 378.79`
$2i6il,038.68
13,322°99
29,377046
107,743.66
50,903.41#
55,830.66#
327.61#
681.98*
86,028.68
86,028.68#
33,000.00*
33,000.00
11,446.87*
11,446.87
$187,916.52
$77,536.25
$437;441.51
$2,555,208.02
$12,995.38
$28,695,48
WATERWORKS FUND
STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
Distribution:
Le -bor
Materials and supplies
Operation of meters:
Labor
Supplies and expenses
Provision for depreciation
Repairs
$ 10,213.70 $ 7.,855.90 $ 2,357.80
1,994.38 3,599.20 1,604.82* .
3,175.15
Year Ended
December 31
Increase
245.81
1963
1962
Decrease*
Number of meters in use:
283.78
557.19
273.41*
At end of year
6,511
6,218
293
At beginning of year
6,218
5,865
353
Income:
Sale of meters
22,995.00
$ 18,623.50
$ 4,371.50
Less cost of meters sold
19,359.83
17,610.81
.1,749.02
GROSS PROFIT ON METERS
3,635.17
1,012.69
2,622.48
Water sales
231,814.36
179,015:74
52,798.62�
Penalties-,
4,069.59
3,220.04
849.55
Water connection permits
2,156.00
1,647.00
509.Q0
Tapping fees
239-00%
276.75
37.75
Street opening fees
74.00
160.00
86.00*
Use of hydrants
9,041.02
8,423.60
617.42
Miscellaneous
209.29
897.97
688.68*
X51,238.43
$194,653.79
$56,584.64
Expenses:
Pumping:
Labor
$ 5,345.87
$ 5,043.16
.$ 302.71
Power and light
25,022.77
18,926.38
69096.39
Supplies and repairs
335.30
505.90
170.60*
Buildings:
.Labor
3,489.11
5,551.07
2,061:96*
Fuel
1,193.94
11,,078.18
115.76
Supplies
776.35
828:01
51.66*
Telephone
201.00
201.00
-
Repairs
97.94
621.12
523.18'
Insurance
440.93
432.63
8.30
Water purchased
474.75
394.00
80.75
Provision for depreciation
15,152..57
15,176.70
24.13*
Repairs
1,549.43
2,002.47
453.04
$.54,079.96.
$ 50,760.62
$ 3,319.34
Distribution:
Le -bor
Materials and supplies
Operation of meters:
Labor
Supplies and expenses
Provision for depreciation
Repairs
$ 10,213.70 $ 7.,855.90 $ 2,357.80
1,994.38 3,599.20 1,604.82* .
3,175.15
3,647.15
472.00*
755.27
245.81
509.46
60,959.31
56,660.64
4,298.67
283.78
557.19
273.41*
$ 77,381.59
$ 72,565.89
$ 4,815.70
Per Cent to
Gross Income
1963 1962
100.00% 100.00%
21.53%
30.80%
26.08%
37.28%
=54-
WATERWORKS FUND
STATEMENT OF'INCOME AND EXPENSE (Cont'd)
Per Cent to
Year Ended
December 31
Increase
Gross Income
1963
1962
Decrease*
1963 1962
Expenses (cont'd):
Tanks, towers and reservoirs
Labor
133.26
$ 93.30
$ 39.96
Power and lease lines
1,663.01
1,084.67
578.34
Painting - tanks and
towers
16,500..00
-
16,500.00
Supplies
157.37
97.20
60.17
Provision for depreciation
22,652.25
22,652.25
-
Insurance
342.98
41,448.87
3 2. 8
24,270.40
-
17,178.47.
16.50% 12.47%
Water treatment:
Labor
1,115.63
$ 239.69
$ 875.94
Supplies
10,247.20
7,146.25
3,100.95
Provision for depreciation
6,296.90
6 2 6. 0
-
17,659.73
13,682.84
3,976 89
7.03 7.03
Vehicle operations:
Allocated from equipment
pool
$ 4,116.00
$ 4,080.00
$ 36.00
Provision for depreciation
2,078.98
1 536.
542.03
6,194.98
5,616.95
$ 578.03
2.47 -2.88
Administrative and general:
Salaries:
Superintendent
8,191.51
7,920.00
271.51
Clerical
4,066.00
,: 3,546.00
520.00
Meter reading
3,872.14
4,093.75
221.61'
Meter reading supplies
12.48
78.01
65.53*
Office supplies, postage,
t6lephone, etc.
4,980.00
4,620.00
360.00
Supervision
3,900.00
3,900.00
-
Provision for depreciation
603.65
575.09
28.56
Professional services
1,150.00
1,125.00
25.00
Supplies and expense
496.19
774.91
278.72#
Building rental
300.00.
252.00
48.00..,:
27,571.97
26,884.76
687.21.
10.96 13.81
TOTAL EXPENSES
$224,337.10
$193,781..46
$30,555.64
L89-221'.' •55
OPERATING INCOME
26,901.33
$ "872.33
$26,,029:001:
10`::7.1,x: .45%
Income on investments.
819.95
72.18
- 247.77;
.33 .29
27,721.28
6. 1,444.51
$26,276.77
'11.04% .74%
Other deductions:
Interest on.bonds
$ 14,151.83
$ 14,412.42
$ 260.59#
Fiscal agent service charge
-78.92
80.06
1.14#
Cost of building razed
400.03
-
400.03
Cost of bond sale
662.00
-
662.00
T-15,292.78
14,492.48
800,.30
6.09 7.44
NET INCOME (LOSS)
$12,428..50
($ 13,047.97)
$25,476.47
4.95%
Depreciation charged to opera -
tionsiincluded in expenses
$107,743.66
$102,898.53
$ °4,845.13
-55-
WATERWORKS FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1963
Balance at January 1, 1963
Additions:
Collections on accounts receivable
Collection on amounts due from other funds
Investments sold
Income on investments
Sundry sales and services
Sale of water meters
Proceeds from bond sale
Increase in amounts payable:
Balance at December 31, 1963:
Trade accounts 659259.17
Accrued payroll 965.73
66,224.90
Balance at January 1, 1963:
Trade accounts
Accrued payroll
Deductions:
Investments purchased
Payment to fiscal agents:
Principal
Interest
Service charge
Meters purchased
Payment on amount due to other funds
Additions to fixed assets
Less contributed by special assessments
Increase in prepaid expenses
Cost of bond sale
Operating expenses
Less provision for depreciation
Summary:
Operating Fund
Sinking Fund
TOTAL
*Indicates red figure.
$234,180.28
8,423.60
949588.48
819.95
3,463.19
22,995.00
400,313.25
7,595.62
753.12 8,348.74 57,876.16
$ 33,000.00
13,709.75
78.92
$623,750.14
346,378.79
$279,297..86
46,788.67
23,075.33
37,063.72
277,371.35
5,757.57
662.00
$ 6,328.13#
822,659-91
816,331.78
$224,337.10
107,743.66 116,593.44 786,609.94
Balance at December 31, 1963 $ 29,721.84
$10,683.84
19,038.00
$29,721.84
-56-
WATERWORKS FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1963
—57—
A s_
e t s
Allowance for
Depreciation
Balance
Balance T
Balance
Balance
Net Balance
January 1,
December 31,
January 1,
December 31,
December 31,
1963
Additions
Deductions
1963
1962
Additions
Deductions
1963
1963
Land
$ 27,556.38
$ 27,556.38
$ —
$ —
27,556038
Land improvements
9,440.73
$ 522.02
9,962.75
1,983.85
$ 388.63
2,372.48
7,590.27
Distribution system:
Purchased
$ 239,883060
$ 239,883.60
$ 81,479.17
$.`4,.801.04
$ 86,280.21
$ 153,603..39
.Contribution by special assessments
2,618,791.66
$346,378.79
2,965,170.45
354,131.77
55,830.66
409,962.43
2,555,208.02
Contribution by General Fund
16,380.66
16,380.66
3,057.67
327.61
3,385.28
12,995-38
$2,875,055.92
$346,37.79
$3,221,434'.71
$438,668.61
60,959.31.
$ —
$499,627.92
297219806079
Buildings and equipment:
Pumphouses
$. 143,403.50
$2,234.48
'$ 141,169.02
$ 23,739.22
$ 5,691.43
$1,834.45
$ 27,596.20
$ 113,572.82
Wells
130,946064
130,946.64
40,754.13
5,238.07
45,992.20
84,954.44
Pumps and piping
76,689.29
76,689.29
41,822.01
3,834.44
45,-656.45
319,032.84
Tanks, towers and reservoir
566,278.84
566,278.84
108,448.17
22,652.25
131,100.42
435,178.42
Office equipment
3,054.15
$ 54.50
3,108.65
2,166.78
179.72
2,346.50
762.15
Miscellaneous equipment
5,424.43
5,850.00
11,274.43
1,900.00
7'16:43
2,616.43
8,658.00
Water treatment equipment
136,761.11
136,761.11
12,652.50
5,65518
18,307.68
118,453.43
Automobiles and trucks
8,932.46
8,932.46
3,212.63
1,786.48
4,999.11
3,933035
Storm sewer
32,086.09
32_,086.09
962.58
641.72
1,604.30
30,481.79
Tools
1 10 350-00
26.511
$ 5,904.50
—2,234.48
350.00
1,107,596.53
—
235758.02
$ 46,395-.72
1,834 45
— _
$280,219.29
350.00
827,377.24
$4,015,979.54
$352,805.31
$2,234.48
$4;366,550.37
$676,310.48
$107,743.66
$1,834.45
$782,219.69.
$3,584,330.68
Contruction in progress
12,064.88
270,944.83
283,009.71
—
—
283,009.71
TOTAL $4,028,044.42
$623,750.14
$2,234°48
$4,649,560.08
$6769310.48
$107,743.66
$1,834.45
$782,219.69
$3,867,340.39
—57—
SEWER RENTAL FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1963
ASSETS
CURRENT ASSETS
Cash:.
Demand deposits
Investments:
United States Government securities - at cost
Receivables:
From customers
Assessments receivable
FIXED - ASSETS - at cost
Land improvements
Furniture and fixtures
Trucks
.Equipment
Less allowance for depreciation
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Trade accounts payable
Accrued payroll
SURPLUS
Invested in fixed-assets
Earned - surplus deficit (deduction)
$ 3,395.75
24,945.70
$17,003.o6,
316.50 17.319..56'
TOTAL CURRENT ASSETS $45,661.01
$ 3,151.58
1,817.33
3,247.86
25,233 . 11
33,449.8
16,631.36 16,818.52
$62,479.53
$53,948..68.
883.86'
TOTAL CURRENT LIABILITIES 54,832.54
$16,818.52
( 9,171.53) 7;646.99
$62,479.53
-58-
SEWER RENTAL FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1963
Balance at January 1, 1963
Deductions:
Net loss for year
Transfers:
Additions to fixed assets
Provision for depreciation
Balance at December 31, 1963
*Indicates red figure.
Invested
in Fixed
Available Assets
$2,636.67* $139785.77
3,502.11
6,138.78# 13,785.77
$59683.58# $ 59683.58
2,650.83 2 650.83#
83,032.75* '3,032-75
$9;171'153 " $16,818.52
-59-
SEWER RENTAL FUND
STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
Per ,_Cent ct.o
Operating
Year Ended December 31 Increase Income
1963 1962 Decrease* 1963 1962
Operating income:
Service charges and penalties 95,863.40 $89,352.27 $6,511.13 100.0% 100.0%
Expenses:
Operating:
Sewer maintenance and treatment $ 51,048.05 $549207.31 $3,159.26*
Labor 24,420.98 21,646.85 2,774.13
Supplies 4,760.95 •39741,;.71 1,016.24
Repairs 1,609.83 19594.59 15.24
Water 300.00 200.00 100.00
Power 39153.40 39642.28 488.88*
Provision for depreciation 2,136-65 1,865-04 271.61
87, 429.86 $86,900-79 529.08 91.27. 97.2%
Vehicle operation:
.','Allocated'..from equipment pool $ 2,940.00 $ 2,964.00 $ 24.00#
Provision for depreciation 335.17 335.17 -
3,275.17 3,299.17 24.00 *1 3.4% 3.7%
Administrative and general:
Clerical and supervision $ 59205.00 '$ 59064.00 $ 141.00
Auditing 300.00 300.00 -
Supplies, telephone, postage
and retirement 3,780.00 3',556.77 223.23
Building rent 180.00 168.00 12.00
Provision for depreciation 179.01 173.96 5.05
9 '644.01 P9, 62.73 381.28 10.1% .10.4%
TOTAL EXPENSES 100,349-04- 62.68 886.36 to . 0 111.3%
OPERATING LOSS 4,485.64 10.41. 5,624.77# 4.7% 11.3%
Other' income:
Income on investments 569.97 82.82 487.15
Miscellaneous 13.56 3.58 369.98
9 :53 126-40 857.13 1.0% .1%
NET LOSS $ 3,502.11, 9,984.01 $6,481.90* 3.7% 11.2%
Depreciation charges to operations
included in expenses 2,650.83 2,374.17 $ 276.66'
SEWER RENTAL FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31,, 1963
Balance at January 1, 1963
Additions:
Collections on accounts receivable
Tax settlements received
Sale of investments
Income on investments
Other
Deductions:
Expenses for the year
Less provision for depreciation not
requiring cash
Purchase of investments
Purchase of fixed assets
Other
Payable at January 1, 1963:
Trade accounts
Payroll
Less payables at December 31, 1963:
Trade accounts
Payroll
$100,349.04
.2,650.83
$ 549952.42
806.90
$ 949539.61
292.50
71,942.78
569.97
413.56
97, 698.21
66,945.70
5,683.58
1.10
55,759-32
226,087.91
$ 53,948.68
883.86 54,832-54
Balance at December 31, 1963
$ 6,892.70
167,758.42
174,651.12
171,255-37
$ 3,395.75
-61-
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 319 1963
NET BALANCE
Balance Balance
January 19 December 319
1963 Additions 1963
$ 2,772.50' $ 379.08
19762.83 54.50
39247.86
19,983.11 5,250.00
$279766.30 $5,683.58
$ 520.22
789.68
2,745.12
9;925.51
$13,980.53
$13,785.77
$ 118.48
179.01
335.17
2.018.17
$2,650.83
3,151.58
1,817.33
3, 247.86
25,233.11
$33,449.88
638.70
968.69
3, 080.29
11,943.68
$16,631-36
116,818.52
-62-
LIQUOR DISPENSARY FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31,1963
ASSETS
CURRENT ASSETS
Cash:
Demand deposits
Deposits in transit
Working funds
Investments:
Village of Edina - Waterworks Revenue
Bonds of 1959 - at cost
United States Government securities - at cost
Accrued interest
Merchandise-inventory - at cost (first -in,
first- out'.method):
Liquor
Wine
Beer
Mix and miscellaneous
Prepaid expenses:
Unexpired insurance
Supplies inventory
LOAN T.0 GOLF COURSE FUND
FIXED ASSETS - at cost
Land
Land improvements
Building
Furniture,'fixtures and equipment
Leasehold improvements
Less allowance for depreciation
and amortization
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Trade accounts payable
Accrued payroll
SURPLUS
Invested in fixed assets
Available
#Indicates red figure.
$ 11,974.92*
19,393.86 7,418.94
2,000.00 $ 9,418.94
$ 26,798.59
98 505.86
125,304.45
210.52 125,514°97
$2169316.89
30,047.92
79365.88
1,239.08 254,969.77
$ 798.06
150.00 948.06
TOTAL CURRENT ASSETS $390,851.74
60,000.00
� 169500.00
$ 3; 412.66,..
75,331,92
289668.34
16,840.43
124,253.35
61,344.14 62,909.21 79,409.21
$5309260.95
16,489.25
2,540.77
TOTAL'.CURRENT:LIABILITIES 19,030.02
$ 79,409.21
431,821.72 5119230.93
$530,260.95
ENE
LIQUOR DISPENSARY FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1963
Balance at January 1, 1963
Additions:
Net income for year
Deductions:
Transfer to General Fund
Transfer to Park Fund
Transfer to Park Construction
Transfer to Golf Course Fund
Transfers:
Additions to fixed assets.
Provision for depreciation
Balance at December 31, 1963
*Indicates red figure.
Total
$538,762.03
262 258.90
801,020.93
$ 879340.00
37,660.00
86,915.00
71,875-00
89,790 - 00
511,230.93
$511,230.93
Available
$456,176.31
262 258.90
718,435.21
$ 879340.00
37,660.00
86,915.00
77,875-00
$289,790 .00
428,645.21
48541.95#
7,718.46
$43L,,821-72
Invested
in Fixed
$82,585.72
$82,595-72
F82 585.72
4,541.95
7,718.46#
$79,409.21
Ai
LIQUOR DISPENSARY FUND
COMPARATIVE STATEMENT OF INCOME AND EXPENSE
Sales:
Liquor
Wine
Beer
Mix-and miscellaneous
Less bottle refunds
NET SALES
Cost of sales:
Inventory at January lst
Purchases
Inventory at December 31st
VILLAGE OF EDINA
GROSS .PROFIT`
Operating expenses:
Selling
Occupancy
Administrative
TOTAL OPERATING EXPENSES',.
NET OPERATING PROFIT
Other income:
'Cash discount
Cash.over
Other
Income on investments
Depreciation and amortization
included in expenses
Y e a r
E n d e d D e c e m b e r
50th ;Street Southdale Total;,. " 50th Street,.
$590,026.58 $489,761.60 $1,079,7,88.18 $603,101.79'.
85,182.11. .79,920.65. 165,102.76 83,135o01r
17,768:58 88,284.55 216,053.13 122,996.25.
13,820.98 8,725.24 22,546.22 j13,254.84
$816,798.25,,$666,692.04 $1,483,490.29 $822,487.89
1,438.84 1,100.26 2,539.10* 1,359-30
$815,359.41 $665,591.78 1,480,951,19 821,128.59.
$148,307.25 $121,940:10 $ 270,247,35 $139,229.01
605,323.90 489,466.01 1,094,789,91 .628,667.85
$75.3,631.15 $611,406.11 $1,365,037.26 $767,896.86
138.476-41 116,493°36 254,969.77 148,307.25
0615,1 .7 12.7 1,110,067.49 161 89.Ll
200,204.67 170,679.03 $ 370,883.70 201,538.98
$ 3.3,202.17 $ 25,202.12 $ 58,404.29 0 31,672.99
10,977.22•
18,415.61
29,392.83
11,822.84
15,978.26
12,656.80
28 635.06
15.7 2.2 •
60,157.6
56,274.53
T116,432.19
59,248. -1-2
140,047.0211:;4114,404.50,
50th .Street
•Southdalie
Total
$ 254,451.52 142,290.86
3,059.29 2,421.08 5,480.37 3,263.27
137.82 88.00. 225.82 106.96
102.7.1' 102:.71 83.05.
$143,346.84 $116,913-58:4 260,260.42 $145,744.14
1,998.48
NET INCOME $ 262,258.90
3 1
Per Cent to Net Sales
1 9
Increase - Decrease*
50th Street Southdale
Southdale
Total
50th .Street
•Southdalie
Total
1963 1962' 1, 963 1962
$455,148.21
$1,058,250.00
$13,075.21*
$349613,39'
$21;538018
73,278.81
.156,413.82
2,047.10
6,641.84
8,688.94
75,095.89
198,092.14
4,772.33
13,188.66
17,960.99
8. 37 : 0
21.6A.14
566.14
345-94
12.08
611,902.2.1
1,434,390.10
$`5,689:64*
$54,789.83
49',100:.19 -
723. ZL
2 .082.74
79.54
376.82
6.36,,..
611,178..77
1,432,307,36.
$ 5,769.18 #..$54,413,01
48,643:.83
100.00% 100.00% 100.00 %!100,00%
$112,636.61. $' 251,865.62 $.9,078.24 $ 9,303.`49 $18,381.7.3
66 20 ' . 1 094,872.2& 2 3. * ' 23,261.66 .82:293
578,840.96 1,346,737.82 14.2 .71* $32,565:15 $18,299.44
121,940-10 270 2 7. 830.8 5,446.7431 15,277.58*
6 00.86 1,016,490.47 3 .87* $38,011.89 $33,577.02 75.45 75.46 74 °36 %.76
154,277.91 355,816.89 1,334.31* $16,401.12 $15,066.81 24.55% 24.54% 25.64% 25.24%
$';21,593.50 $ 53,266,49 $.1,529:18 $.3,608.62 $ 5,137.80 4,07% 3.85% 3.78% 3.54%
17,116.68 28,939.52 845.6231 1,298.93 453.31 1.35 1.44 2.77 2..80
12 372,.-1 0 28,124.39' '.
8 ,124 .39' 225.97 284-70 510.67 1.96 1, 92 1.90. 2.02
51.082,28 110,31L.-40 909-53 5,192.2 .6., 101.78 7.38%. 7.21% 8.45% 8.36%
103,195.63 245,486.49 $ 2,243,84* $11,208.87 8,965.03 17.17% 17.33% 17,19% 16..88%
2,393,95 .5,657.22 203.98* 27.13 176.853E •38 .40 .36 .39
,32.30 13.9.26 30.86 55.70 86.56 .02 .01 .01 .O1
83.05 19.66 19.66 .01 .01
$105,621.88 $ 251,366.02 1 2,397.30* $11,291,70 $ 8,894.40 17.58% 17.77% 17.56% ,17028 %.
2,006.45 7 .,97*
$ 253,372:47 $ 8,886,43
$ 5,400.43 $. 2,318:03 $ 7,718.46 $ ,5;320.38 $ 2,236.91 $ 7,557.29 $:. 80.05 $ 81.12 $ 161017
-65-
LIQUOR DISPENSARY FUND
COMPARATIVE OPERATING EXPENSES
Selling:
Salaries and wages
Supplies
Taxes and licenses
Pro -rata promotion
Service contracts
Occupancy:
Salaries and wages
R,e nt
Telephone
Supplies
Light and power
Heat
Property taxes
:Laundry
Burglar, alarm
Insurance
,Repairs and maintenance
Depreciation
Rubbish hauling
Miscellaneous
Janitorial services
Administrative:
Salaries and, wages
Supplies
Professional services
.., A,llocated expense.- retirement,
insurance, office supplies, etc.
Miscellaneous
VILLAGE OF EDINA
TOTAL
Yle
a r E n d 'e d
D e c e m b e r
3 1
1 9 6 3
1, 9 6 2
Increase
- Decrease*
5Oth.Street
Southdale
Total
.50th Street
Southdale
Total
50th Street
Southdale.':
Total
$31,879.61
$23,819.35
55,698.96
$30,207.55
$20,233.90
$ 50,441:45
672.06
$3,585.45
$5;257.51
1,161.16
1,030.80
2,191.96
1,247.07
19071.00
29318.07
85.91 *`
40.20*
126.11#
59.00
59.00-
118.00
64.00
55.00
119.00
•5.00*
4.00
1.00*
180.17
180.17
180.20
180.20
.03*
.03*
97*
33;202.17
25,202.82
58,404.29
31,672.99
21,593.50
$ 53,266.49
$1,559.1.8
,608.620
U,608.62
5;137.80
$ 85.29
$ '92.75
178.04
$ 338.15
$ 148.33
$ 486.48
$ 252.86#
$ 55.58*
$ ' 308.44*
13,124.26
13,124.26
11,170.95
11,170.95
1,953:31
1,953.31
322.53
265.22
587.75
321.00
261.00
582.00
1.53
4.22
5.75
124.24
214`.61
338..85 :
284.53
131.09
415.62
160.291E
83.52
76.77*
19633.04
1,282.39
2,91543
1,575.97
1,215.98
2,791.95
57.07
66.41
123 .48,
477.67
477.67 .
495.70
49'5.70=
18.03*
18.03*
169616
169..16
938.92
938.92
769.76*
769.76*
367.54
189.70
557.24`
367-30
147.75
515.05
.24
41.95
42.19
150.00
150.00 :;
165.00
165.00
15.00* "
15.00 *,
579.37
418.94
998:.31
588.12>
386.55
9,74.6
8675*
32.39
23.64
790.56
16.95
807.'51
1,280.17
241.70
1,521.87
489.613
224.75*
714.36*
5,400.43
2,318.03
79'718.46
5,320.38
2,236.91
7,557.29
80..05
81.12
161.17
240,00
180.00
420.00
300.00
120.00
420.00
60.00*
60.00
-
116.55
23.60
140.15
96.52
10.00
106.52
20.03
13.60
33.63
6 0.00
120.00
810.00
690.00
107.50
797-50
12.50
12.50
,010,977.22
$T8,415.61
6 29092.83
11,822.84
$17,116.68
28,939 52
$ 845.62*
$1,29.8.93
6 453.31
.$12,325:00
$ 9,580.00
$ 21,905.00
$11,895.5
$ 9,179.50
$ 21,075.00
$ 429.50
$ 400..50
$ 830.00
- 266.00
162.00
428.00
338.33
217.55
555.88
72.33*
55.55*
127.88#
1,008.91
858.92
1,867.83
953.00
803.00
1,756.00
55.91
55.92
111.83
2,340.00
1,860.00
49200.00
29460.00
1, 50.00
49380.00
120.00*
60.00*
180.00*
38.35,
195.88
J-12,656.80
234.23
28 63
0
41
0
.12
1 78.26
.06
,
5,752.29,
372.10
28 127.31
227.17*
284.70*
510.67*
$60,157.65
056,274.53
$1161432.18
$59,248.12
$51,082.28 _
,$110,33Q.40
$ 909.53
$5,192.25
$6,101.78
I/
�;� �
_
_ � ,.
LIQUOR DISPENSARY FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1963
Balance at January 1, 1963
Additions:
Gross sales
Sale of investments
Cash discounts
Interest received on investments
Other revenue .
Decrease in prepaid expenses
Payment of loan by Park Construction Fund
Deductions:
Merchandise purchased
Bottle refund
Operating expenses
Less depreciation included therein
.not requiring cash
Transfers:
General Fund
Park Fund
Park Construction
Golf Course Fund
Investments purchased
Additions to fixed assets
Loan to Park Construction Fund
.Loan to Golf Course.Fund
.Decrease in liabilities:
Balance at January 1; 1963:
Trade accounts
Accrued payroll
Due to other funds
Balance at December 31, 1963:
Trade accounts
Accrued payroll
$116,432.18
79718.46.
$ 87,340.00
37,660.00
86,915.00
77,875.00
$259267-75-
2,263-03
19.06 $ 27,549.84
$ 349421.98
$lo4839490.29
149,168.02
5,480.37
1,977050
328,53
163.13
2009000000. 1 8 0 60708
1,8759029.82
$1,0949789.91
29 53910
108,713.72
289,790.00
98,716038
49541.95
200,000.00
60,000.00
$169489.25
29540.77 19,030.0 _ 84519.82 198679610088
Balance at December 31,:1963. $ 7,418,94
—67-•
LIQUOR DISPENSARY FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1963
ALLOWANCE-FOR DEPRECIATION
AND AMORTIZATION
Land improvements $ 886.88
Building 28,965-04
Furniture, fixtures and equipment 13,888.77
Leasehold improvements 9.884..99
$ 53.625.68
$ 82,585.72
Additions
$1,188.19
3,35376
$4,541-95
$ 116.16
3,900.73
2,017.53
1684004
$7,718.46
Balance
December 31,
1963 ,
$ 16,500.00
3,.412.66
75,331.92
28,6} /68.34
16,840.,3
$140,753.35
$ 1,003004
32,865.77
15,906.30
11,,569.03
$ 61.344.14
$ 79,409.21
-.:
Balance
January 1,
1963
ASSETS
Land
16,500000
Land improvements
2,224-47
Building
75,331.92
Furniture, fixtures and equipment,
25,314.58
Leasehold improvements
16.840.43
$136,211040
ALLOWANCE-FOR DEPRECIATION
AND AMORTIZATION
Land improvements $ 886.88
Building 28,965-04
Furniture, fixtures and equipment 13,888.77
Leasehold improvements 9.884..99
$ 53.625.68
$ 82,585.72
Additions
$1,188.19
3,35376
$4,541-95
$ 116.16
3,900.73
2,017.53
1684004
$7,718.46
Balance
December 31,
1963 ,
$ 16,500.00
3,.412.66
75,331.92
28,6} /68.34
16,840.,3
$140,753.35
$ 1,003004
32,865.77
15,906.30
11,,569.03
$ 61.344.14
$ 79,409.21
-.:
Fund:
General:
Current
Poor:
Current
Park:
Current
Swimming Pool:
Current
Golf Course:
Current
Park.Sinking:
For bonds and interest
Park Construction:
For (construction
Improvement:
Current
For bonds and interest
For construction
Waterworks:
Current
Appropriated
Sewer Rental:
Current
Liquor Dispensary:
Current
TOTAL
Depository:
Demand deposits:
First Edina National Bank
First Southdale National Bank
Midland National Bank
Time deposits:
Franklin National Bank
Working funds
*Indicates red figure.
CASH - ALL FUNDS
VILLAGE OF EDINA
December 31, 1963
Demand and
Time
For Working,
Deposits
Deposit Funds
Total
$ 4,846.62
600.00
59446:62
2,953-12
2,953-12
7,756.09
7,756.09
670.75
670.75
59556.99
5,556.99.
7,594.06
7,594 06
21,612.03
219612.03
$ 3,562.72
39562.72
150,497.10
150,497.10
32,530-95
186,590.77
$ - —
32,530.95
$186,590.77
$ 10,683:84
$ 10,683,84
19 038.00
29,721.84
$ -
19 038.00
29,721084
3,395.75
3095.75
11,974.92#
19,393.86 2,000.00
9,418 94
$258,723.10
$19,393.86 $2,600.00
$280,716.96
$129,917.70
69,048.54
29 150.72
228,116.96
50,000,00
20600.00
$280,716.96
RA
FOR DEPOSITS
VILLAGE OF EDINA
December 31, 1963
Security for'Deposits
Deposits
Pr'incipa -1
Book
Bank
Amount
Description
Due Date
$129 , 917.70
$182,468.44.
$500,000.00
United States Treasury notes
May
15,
1964
200,000.00
United States Treasury notes
February
15,
1967
i
10,000.00.
Federal Deposit Insurance
TOTAL
$129,917:,70
$182,468.44
$710,000..00
Bank.— demand deposit
$ 699048.54
72,144.84
$150,000.00
United States Treasury notes
August
159
1964
50,000.00
United States Treasury notes
August
15,
1968
100,000.00
United States Treasury bonds
August
15,
1972 .
100,000.00
United States Treasury bonds
August
15,
1973
10,000.00
Village of Edina Improvement bonds
March
1,
1966
109000.00
Village of Edina Improvement bonds
March
19
1967
5,000.00
Village of Edina Improvement bonds
September 1,
1970
10,000.00
Federal Deposit Insurance
TOTAL
$'69,048.54
$
72,144.84
$4359000.00
— demand deposit
$ 29,150.72
$
29,150.72
$125,000.00.
United States Treasury.notes
August
159
1966
10,000.00
Federal Deposit Insurance
TOTAL
$ 29,150.72
$
29,150.72
$135,000.00
k — certificate of deposit
$ 50,000.00
$
50,000.00
$ 50,000,00
United States Treasury bonds
November
15,
1971
10,000:•00
Federal Deposit Insurance
TOTAL
$ 50,000.00
$
50,000.00
$ 60 000.00
First Edina National
Bank,— demand deposit
First Southdale National
Midland National Bank
Franklin National. Bank
—7.0—
INVESTMENTS
VILLAGE OF EDINA
December 31, 1963
Description
Maturity
Interest Rate
Face Amount
"Sanitary" Sewer"No. 53
United States Treasury bills
January
23,
1964
Discounted
$ 150,000.00
do
February
209=1964
1965
do
700,000.00
do
March
269
1964
do
2009000.00
do
April
159
1964
do
2009000.00
do
May
79
1964
do
200,000.00
do
May
28,
1964
do
4009000°00
do
July
159
1964.
do
4009000.00
do
August
319
1964
do
400,000,00
$2,650,000,00
Village of Edina, Minnesota:
"Sanitary" Sewer"No. 53
Improvement Bonds
January
1,
1965
3.25%
59 000.00
1955 Improvement Bonds
March
1,
1977
2.90
25,000.00
1957 Improvement Bonds
March
1,
1974
to 1979
3.90
319000.00
1958 Improvement Bonds
March
1,
1966
and 1967
2.70
10,000000
1959 Improvement Bonds
June
19
1966
to .,1969
2.75% to 3.75
299000.00
1960 Improvement Bonds
September
1,
1970
3.30
329000.00
1961 Improvement Bonds
September
1,
1964
2.40
259000.00
1962 Improvement Bonds
December
1,
1969
and 1970
2.70
259000.00
1957 Park Bonds_
March
19
1968
and 1970
3.70
6;000.00
1962 Park Bonds
December
11,11969,,and!1970,
2.70
20,000.00
1955 Waterworks Revenue Bonds
March
1,
1965
to 1970
2.30 and 2.50
159000000
1958 Waterworks Revenue Bonds
September
1,
1971
and 1974
3.40 and 3.50
279000.00."
Municipal State —Aid Street
Bonds
June
159
1965
to 1967
2.50
300,000.00
TOTAL
$3,200,000.00
FUND OWNERSHIP
.Carrying
Balance
Amount
December 31,
December 319
1963
1963
Improvement Funds
$2,2749000.00
$292749000000
General
103,000.00
103,000.00
Poor
15,000.00
15,000.00
Park
259000.00
25,000.00
Golf
115,000.00
115,000.00
Park Sinking
40,000.00
40,000.00,
Park Construction
216,000.00
2169000000
Waterworks
260,000.00
2549297086
Sewer Rental
25,000.00
249945070
Liquor Dispensary
127,000.00
125,1514.97
TOTAL
$3,200,000.00
$3,192,758.53
—71—
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
Hennepin County park
Tax rate by mills:
General
Parks
Bonds and interest
Poor and public nursing
Firemen's relief
Fire protection
Hennepin County park
VILLAGE OF EDINA
TOTAL
TOTAL
TOTAL
December 31
1963 1962
$31,916,098.00 $30,652,814.00
2,300,580.00 2,4239 348.00
$34,216,678.00
1963
1964
$ 771,928.26
68,775.52
67,064.68
12,318.00
9,238-50
10,607.17
5,132.50
945064.63
22.56
2:01
1.96
.36
.27
.31
.15
27.62
$339076,162.00
1962
1963
$ 735,448.46
66,152.32
459479.72
10,584.37
99095.94
9,095.94
5,292.18
$ 881,148.93
22.24
2.00
1.38
.32
.27
.27
.16
26.64
_72®
MUNICIPAL COURT FINES
VILLAGE OF EDINA
Year Ended December 31, 1963
Fines and costs imposed and collected:
Balance uncollected January 1, 1963
Fines and costs imposed
Collection by Clerk of Court
Fines suspended or discharged
Balance uncollected December 31, 1963
$419117.25 .$164.00
2,765 2 00 5.00
$43,882.25 209.00
$ 275.00 $ -
Tn +�1
177.00
44,189.25
44,366.25
$41,281.25
2 810.00
44,091.25
$ 275.00
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State
and
Village
County
177.00
310.25
44,157.25
209.00
$209.00
$419117.25 .$164.00
2,765 2 00 5.00
$43,882.25 209.00
$ 275.00 $ -
Tn +�1
177.00
44,189.25
44,366.25
$41,281.25
2 810.00
44,091.25
$ 275.00
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OFFICIAL BONDS
VILLAGE OF EDINA
December 31, 1963
,Position
Name
Term Expires
I
Bond Expires
Amount
Surety
On file with Clerk— Treasurer:
Blanket position
Police department employees
March
it
1964
59000.00
General
Insurance Company of America
Blanket position
All Village employees not
otherwise specifically bonded
'March
19
1964
$509000.00
General
Insurance Company of America
Clerk — Treasurer
Gretchen S. Alden
December 31, 1964
March
1 ,
1964
$50,000.00
General
Insurance Company of America
On file with Secretary of State:
Clerk of Municipal Court
Dorothy Frazier
Indefinite
November
99
1 "964
$ 19000.00
The Aetna Casualty and Surety Company
Deputy Clerk of Municipal Court
Kathryn B. Beard
Indefinite
June
119
1966
$ 19000.00
General
Insurance Company of America
On file with County Auditor:
Assessor
Donald Kearns
December 31, 1964
January
1,
1965
$ 500.00
The Aetna Casualty and Surety Company
INSURANCE COVERAGE
VILLAGE OF EDINA
December 31, 1963
Building and contents:
Village Hall
Library
"Village garage
Municipal liquor store - 50th Street
Municipal liquor store - Southdale
Pumping stations(B):
Number 1
Number 3
Number 4
Number 4A
Number 5
Number 6
Number 7
Number 8
Number 9
Water tower - Concord Street
Water tower - 69th Street
Sanitary sewer li -ft station
Bathhouse
Dwelling - 4900 Brookside Avenue
Inventories:
Liquor store - Southdale ) Note E
Liquor store - 50th Street)
Liquor store - Southdale
Liquor store - 50th Street
Automotive:
Bodily injury
Property damage.
Comprehensive
Village liquor stores4
Comprehensive glass breakage
Burglary, robbery and theft - within premises .N6te)D
Burglary, robbery and theft - out6ide premises - Note D
Burglary, robbery-and theft - merchandise - Note D
Other insurance:
General liability:
Automotive non- ownership, independent contractor,
and Village premises - operations:
Bodily injury
Property damage
Workmen's compensation
Edina Volunteer Fire Department group accident policy,
maximum.each fireman
Property floater all risk - voting machines
Property floater - equipment other than automotive
Note A _ i0% coinsurance
Note B coinsurance
Note C 90% coinsurance
Note D - 50th Street and Southdale liquor stores
Note E - Reporting form
Fire and
Extended Coverage
Building Contents
$346,o0o(B) $42,000(B)
25,000
3009000(B) 14,400(B)
659000(B) 49400(B)
59000(B)
30,000 1 329000
79200
7000
7, 200
69200
24,000
45000
9,600
7,800
9,600
5,000
5,000
89300
69400
89300
9, 600
12, 200
80,000
144,000
3'2, 000
14, 400
36,000
29400
4,000
Other
112,500
127,500
20,000(C)
25,000
$250 / 500,000
50,000
Actual cash value
Actua11
5,000
5,000
79500(A)
250 / 5009000
50,000
Statutory
3,000
799200
Actual cash value
-75-
ORGANIZATION
VILLAGE OF EDINA
December 31, 1963
Village Council:
Mayor:
Arthur C. Bredesen, Jr.
Trustees:
Frank J. Tupa
James Van Valkenburg
Hugh J. MacMillan
L. W. Rixe
Clerk- Treasurer:
Gretchen S. Alden
Assessor:
Donald Kearns
Municipal Court:
Donald S. Burris, Judge
Bruce B. James, Special Judge
Village Manager:
Warren C. Hyde
Village Attorney:
Maynard B. Hasselquist
Prosecuting Attorney:
Walter Gustafson
Director of Public Works and
Assistant Manager:
George C. Hite
Finance Director:
J. N. Dalen
U
Elected,
Term Re- elected or
Expires Re- appointed to
December 31 December 31
1963 1965
1963 1966
1963 1966
1964
1965
1964
1963, 1964
1968
1968
Appointed by Council
1963 1964
1963 1964
1963 1964
1963 1964
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