HomeMy WebLinkAbout1964 Financial Statementsa
AUDITED FINANCIAL STATEMENTS
AND OTHER FINANCIAL INFORMATION
VILLAGE OF EDINA, MINNESOTA
DECEMBER 31, 1964
ERNST & ERNST
AUDITED FINANCIAL STATEMENTS
AND OTHER FINANCIAL INFORMATION
VILLAGE OF EDINA, MINNESOTA
December 31, 1964
•94
INDEX
ACCOUNTANTS' REPORT ON AUDITED FINANCIAL STATEMENTS........ PAGE 4
COMMENTS AND ACCOUNTANTS' REPORT ON OTHER FINANCIAL
INFORMATION.................................... a ........ .. 5
FUNDBALANCE SHEETS . ............................... ....... 10
GENERAL FUND: -
BALANCESHEET ............. ............................... 12
STATEMENT OF SURPLUS ...... ............................... 13
ANALYSISOF CHANGE IN CASH BALANCE ....................... 14
REVENUE................... ............................... 15
EXPENDITURES. .............. ............................... 16
CENTRALSERVICES .......... ............................... 19
FIXEDASSETS .............. ............................... 20
POOR FUND:
BALANCE SHEET.......... 21
STATEMENT OF SURPLUS - UNAPPROPRIATED .................... 22
STATEMENT OF REVENUES AND EXPENDITURES ................... 22
ANALYSIS OF CHANGE IN CASH BALANCE....... ................ 23
PARK FUND:
BALANCESHEET ............. ............................... 24
STATEMENT OF UNAPPROPRIATED SURPLUS ...................... 25
ANALYSIS OF SURPLUS INVESTED IN FIXED ASSETS ............. 25
ANALYSIS OF CHANGE IN CASH BALANCE.., ..................... 26
REVENUEAND EXPENDITURES .. ............................... 27
FIXEDASSETS .............. ............................... 28
SWIMMING POOL FUND:
BALANCESHEET ............. ............................... 29
STAIEMENTOF SURPLUS ...... ............................... 30
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 31
STATEMENT OF INCOME AND EXPENSE .......................... 32
STATEMENT OF INCOME AND EXPENSE (CONCESSIONS ONLY) ....... 33
FIXEDASSETS .............. ............................... 34
GOLF COURSE FUND:
BALANCESHEET ............. ............................... 35
STATEMENTOF SURPLUS ...... ............................... 36
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 37
STATEMENTOF INCOME AND EXPENSE .......................... 38
STATEMENT OF INCOME AND EXPENSE - OPERATING DEPARTMENTS.. 40
FIXEDASSETS .............. ............................... 41
BONDSPAYABLE ............. ............................... 42
PARK SINKING FUND:
BALANCESHEET ....................... a .......... .......... 43
STATEMENT OF SURPLUS ...... ............. .I................. 44
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 45
BOND AND INTEREST MATURITIES, DEFERRED. TAX LEVIES
AND RESERVE FOR UNCOLLECTIBLE TAXES ..................... 46
INDEX (Cont'd)
PARK CONSTRUCTION FUND:
BALANCESHEET ............. ............................... PAGE 47
ANALYSIS OF RESERVE FOR CONSTRUCTION ..................... 48
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 49
FIXEDASSETS .............. ............................... 50
IMPROVEMENT FUNDS:
COMBINEDBALANCE SHEET.... . ............................. 51
STATEMENT OF SURPLUS — UNAPPROPRIATED .................... 52
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 53
BONDSPAYABLE ............. ............................... 55
WATERWORKS FUND:
BALANCESHEET. I ........................... so ..... o ..... so- 56
NOTESTO BALANCE SHEET .... ............................... 57
STATEMENTOF SURPLUS ...... ............................... 58
STATEMENT OF INCOME AND EXPENSE— ........................ 59
ANALYSIS OF CHANGE IN CASH BALANCE— ..................... 61
FIXEDASSETS .............. ............................... 62
SEWER RENTAL FUND:
BALANCESHEET ............. ............................... 63
STATEMENTOF SURPLUS ...... ............................... 64
STATEMENT OF INCOME AND EXPENSE . ......a .................. 65'
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 66
FIXEDASSETS ............... ............................... 67
LIQUOR DISPENSARY FUND:
BALANCESHEET............. ............................... 68
STATEMENTOF SURPLUS ...... ............................... 69
STATEMENT OF INCOME AND EXPENSE. I ......................... 70'
OPERATING EXPENSES....... 71
ANALYSIS OF CHANGE IN CASH BALANCE....... ................. 72
FIXEDASSETS .............. ... .I........................... 73
GENERAL:
CASH— ALL FUNDS .......... ............................... 74
SECURITY FOR DEPOSITS ..... ............................... 75
INVESTMENTS...... ....... ............................... 76
TAXABLE VALUATIONS, TAX LEVIES AND RATES ................. 77
MUNICIPALCOURT FINES ..... ............................... 78
OFFICIALBONDS ............ ............................... 79
INSURANCECOVERAGE ........ ............................... 80
ORGANIZATION.............. ............................... 82
ERNST & ERNST
FIRST NATIONAL BANK BLDG.
MINNEAPOLIS, MINN. 55402
ACCOUNTANTS' REPORT ON AUDITED FINANCIAL STATEMENTS
To the Village Council
Village of Edinag Minnesota
We have examined the balance sheets of the various funds of the Village of Edina,
Minnesota as of December 31, 1964'and the related statements of revenues and ex-
pend'tuies 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
expenditure's, income and expense and surplus present fairly the financial posi-
tion of the Village of Edina at December 31, 1964 and its various special funds
altd 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 14, 1965
-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 infoimatio.R not specifically referred to above and
financial information contained in the following comments -is not considered
necessary for a fair presentation of the financial position and results of
operations, and is submitted for analytical purposes only. The information
shown in the schedules of security for deposits, taxable valuations, tax levies
and rates, official bonds, insurance coverage and organization as presented in
the general section of this report was obtained from non - accounting records of
the Village or made available, to us by the Village, but we did not make an inde-
pendent audit of them as they do not involve information which enters into the
financial statements.. Other information was derived from the accounting records
tested by us as a part of the auditing procedures followed in our examination of
the afore - mentioned audited financial statements and, in our opinion, is fairly
presented in all material respects in relation to the financial statements taken
as a whole.
The following comments set forth certain auditing procedures and other matters
pertinent to our examinationa
Cash on deposit at December 31, 1964 was reconciled to balances reported directly
to us by the various depositories. Cash working funds and cash on hand for de-
posit at December 31, 1964 were counted by use
Cash receipts and cash disbursements, procedures were reviewed and tested by us
for selected periods during the year to determine that proper procedures were
being followed to control recording of receipts and that proper authorization
was. provided for disbursements.
Village of Edina securities held for investment by the several funds of the Village
were 'inspected by us, and related interest income computations were tested.
Amounts receivable from water and sewer rental charges at December 31, 1964 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 s4tis
faction.
-5-
Current and delinquent taxes and special assessments and tax - settlements received
during the year were confirmed by direct correspondence with the County Auditor.
We reviewed delinquent taxes reported to us and adjusted the balances to conform
to the County Auditoros balances.. Transactions pertaining to special assessments
receivable.were reviewed.
Inter£und transfers.and charges and interfund balances were reviewed by us.
We were present at the municipal liquor stores at the time physical inventories
were taken. We observed inventory procedures used by Village employees and tested
quantities by independent count of items selected by us. Inventory valuations
were tested by reference to vendorsf 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, 1964.
Canceled bonds and interest coupons redeemed and paid during 1964 were inspected
by us.
Official minutes of the Village Council for 1964 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 12
to 20, inclusive, of this report.
POOR FUND
Reference is made to detail schedules elsewhere in this report as to operations of
this fund. Such details appear on pages 21 to 23,- inclusive.
PARK FUND
Reference is made to detail schedules elsewhere in this report as to operations of
this fund. Such.details appear on pages 24 to 28, inclusive.
SWIMMING POOL FUND
Detail schedules outlining financial operations of this fund are shown on pages 29
to 349 inclusive, of this report. The net loss of $1,755.78 is after the provision
of #7,291.50 for interest on bonded debt issued for the swimming pool facilities,
and the provision of $7.,249.13 for depreciation -on swimming pool facilities.
GOLF COURSE FUND
Construction of the golf center started in 1963 and by mid - summer 1964 was far
enough along to allow partial use of the facilities. Construction will be com-
pleted in 1965 and at such time construction costs incurred by the Park
Construction Fund will be transferred to the Golf Course Fund. Net revenues of
the Liquor Dispensary Fund are pledged to secure the payment of obligation of
the Golf Course Fund.- Detail schedules covering operations of this fund appear
on pages 35 to 42.inclusive.
PARK SINKING FUND
Reference is made to detail schedules on.pages 43 to 46, 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 47 to 50y inclusive.- Fixed assets for
park purposes amounting to $43,415.04 were purchased during the year. Funds-were
made available from a $110,500.00 transfer from the Liquor Dispensary'Fund. Con-
struction costs during the year on the golf center were $223,546.40 bringing the
total costs incurred to $896,543.71 at December 31,, 1964. The .excess of golf
center construction costs over the $825,000.00 made available from the sale of
bonds will be paid by the Golf Course Fund.
IMPROVEMENT FUNDS
Reference is made to detail schedules elsewhere in this report as to operations of
these funds and the related Construction Fund. Such details appear on pages 51 to
55, inclusive, of this report.
Construction costs incurred by the Village, other than for park purposes, are
accounted for in the Construction Fund which receives the proceeds from sale of
permanent and temporary bonds sold for cbnstructi.on 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 of improvements.
To facilitate tabulation of these special assessments, interest from date of final
assessment hearing to December 31st is included as part of project costs. Assess-
able costs also include a percentage charge in an .amount sufficient to reimburse
the Village for actual costs of engineering and clerical services properly assign-
able to the various special assessment projects.
The reserve for assessment adjustments represents the excess of assessments over
actual costs incurred,; less charges where actual costs exceeded the assessments.
Also charged to the reserve for assessment adjustments are determinable costs for
financed projects on which work had not been done and on which final disposition
is pending. These balances may be used for refunding canceled assessments.
The 1953 and the 1954 First.Series 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.
Construction funds were made available from the sale of $1,200,000.00 of Temporary
Improvements Bonds which will be redeemed with funds made available from special
assessments and sale of improvement bonds in 1966.
-7-
WATERWORKS FUND
Reference is made to detail schedules elsewhere in this report as to operations of
this fund. Such details appear on pages 56 to 629 inclusive..
Net income of the fund amounted to $31,954.60 as compared to net income of $12.L 8.50
in 1963. The principal reasons for this increase may be summarized as follows:
Increase in income from sales of water,
water meters and other income
Decrease in painting tanks and towers
Lesss
Increase in depreciation.
Increase in debt costs
Increase in pump poker expense
Increase in repairs of distribution system
Increase in other expense
$51042.36.
16000.00
$68'j042436
$139912,.70
16,885.49
4,946.06
5,351.63
7.,.320. 8 48.5.16.26
INCREASE IN NET INCOME $19,526.10
SEWER RENTAL FUND
Reference is made to detail schedules elsewhere in this report as to, operations of
this fund. Such details appear on pages 63 to 67, inclusive.
LIQUOR DISPENSARY FUND
Reference is made to detail schedules elsewhere in this report as to operations of
this fund. Such details appear on page's 68 to 73, inclusive.
A third off -sale licplor store was opened on November 23; 1964.
Net income of the fund amounted to $284,476.50 for the year. Of this amount,
$235,500.00 was transferred to other funds of the Village by action of the Village
Council. In connection with the sale of Golf Course Bonds of 1963 the net revenues
of the Liquor Dispensary Fund are pledged to secure the payment of said bonds and
interest thereon,
SECURITY FOR DEPOSITS
Reference is made to schedule on page 75 of this report showing details of deposits
of the Village.and securities pledged as collateral thereto at December 31, 1964.
Security for deposits at the First Edina National Bank were inadequate with re-
spect to compliance with the provisions of M.. S. A. Section 118.01 which prohibit
the Treasurer from maintaining a deposit in excess of ninety per .cent of the market
value of the collateral pledged exclusive of amounts covered by federal deposit
insurance .
First Edina
National Bank
Balance on deposit $3739981.79
Security for deposits
Collateral at 90% of market $1759596.00
Federal deposit insurance 10,000.00
$185,596.00
M
BONDING REQUIREMENTS
The clerk, treasurer, and deputy assessors were not specifically bonded as required
by Minnesota statutes.
PUBLICATION OF FINANCIAL STATEMENTS
A detailed financial statement was not prepared and published or posted as required
by M. So. A. Section 41202$10,
Minneapolis, Minnesota
May 14, 1965
$24,199,202.18
Total
ASSETS
Cash:
Current funds
$ 2509642.27
Appropriated
18.821.38
$ 2699463.65
Investments:
United States Government securities
at face value or cost
$ 21,5229623.44
Village of Edina bonds — at face value
or cost
4209131.24
Land investments — at cost
- 23.04 .92
2,965,803.60
Amount segregated and shown below
57.631.75
$ 299089171.85
Receivables:
Taxes and special assessments:
Current
$ 1,4519597.88
Delinquent
382,606.16
Deferred
7,5569730.29
Customers
44,404.77
Due from State Aid Account — State of
Minnesota
2149864.86
Due from other funds
192849038.01
Miscellaneous receivables
9.539.25
$109943,781.22
Less allowance for delinquent taxes
798.559.16
$10,145,222.06
Inventories
328,475.91
Prepaid expenses
6,066.36
Segregated investments for reserve for
debt retirement
57,631.75
Construction in progress
195259281.64
Fixed assets
8,8709912.40
Unallocated construction cost
87:976.56
$24,199,202.18
FUND BALANCE SHEETS
VILLAGE OF EDINA
December 31, 1964
Swimming
General Poor Park Pool
# 979938.35
$ 979938.35
$ 75,000.00
13,280.92
$ 88,280.92
$ 88,280.92
$ 439168.44
906.73
8,528.38
$ 52,603.55
43,168.44
$ 9,435.11
10,000.00
1,7259935.84
$1,931,590.22
$ 49609.58
$ 259795.06
$
11419.50
4,609.58
25,795.06
$
1,419.50
$15,00.0.00
15,000.00 $ -
15,000.00
$ 725.65
893.64
$ 893.64 $ 725.65. -
725-65
893.64
$20,503.22
384,894.37
$4119289.43
166,141.50
$167,561.00
Golf Course
$ 129971.81
J 12,971.81
$ 1009000.00
$ 100,000.00.
$ 1009000.00
$ 890;000.00
117.23
$ 8909117.23
$90,117.23
1,954.95
550.60
42,173.61
$190479768.20
F .. u
Park Sink*ng
19,108.861
$ 19,108.86
$ 30,000.00;
10,000.00
$ 40,000.00
$ 409000.00,
$ 56,400.00'
442.69
964,000-00;1
119631.751,
$190329474.44;
. 15.285.19'
1,0179189.25,
Park
Construction
37,828.02
$ 37,828.02
Sewer
Improvement Waterw.or-ks- Rental
34,095.71
34,095.71
$ 29230,000.00
$ - 169,000.00 352,000.00.
9,768.00
16,000.00 $ 295919768.00
1 ,000.00 2959197 8.00
$ 659000.00
$ 5,000.00
5,000.00
199239535.53
$1,076,298.11`.. $2.,042,363.55
i
$ 1,394,50.8.12
338,269.38
69592,730.29
214,864.86
118,215.10
$ 8,658,587.75
739,379.88
75,919,207.87
1,94.0040
15,5259281.64
87,976.56
$12,16o,27o.18
$ .- 8,79246#
18,821.38
'10,028.92
$ 639276.97
$ '639276.97
0.631o75
,, 5,645-22F
$ 269664.71
13,284.43
$ 399949.14
39,949.14
8,160.6.8
317.79
57,631.75
43515,172.89
$496369.906°39
$ 6,096..01
$- 6,096.01
$24,346.47
24,346.47
24,34 .47
$ 689.76.
17,740.06
$18,429.82
18,429;.82
16,032.40
$64,904.70
Liquor
Dispensary
$ 199571.83
19,571.83
$ 279131.24
$ 27,131.21,..
27,131.24
$1859000.00
$1859000.00
185,000.00
307,760°28
3,257057
97,026.26
$6399747.18
-10-
Total .
LIABILITIES, RESERVES AND SURPLUS
Due to other funds 1,2849038.01
Accounts payable 1859452.26
Salaries and wages 69354.37
Due to Hennepin County 119563.11
Interest payable 99;977.04
Construction deposits
6591345.75
Edina Firemen's Relief Association
20,168.80
Construction contracts
250,726.94
Minneapolis —Saint Paul Sanitary District
2,737.00
Unexpended contributions
20,008.31
Reserve for future bond interest
246,842.36
Bonds payable
129815,000.00
Reserve for assessment adjustments
69,963.96*
Reserve for construction
152,373.70
Surplus:
Invested in fixed assets 791329195.08
Appropriated:
For imprest cash 600.00
For debt service 1289753.13
For commitments 829900.00
Unappropriated (deficit) 1,764,130.28
$2.4,199,202.18
# Indicates red figure.
General
$ 11,111.16
33,7.05.88
1,782.06
3,748.45
20,168.80
1,725,935.84
600.00
82,9.00.00
51,638.03
$199319590.22
FUND BALANCE SHEETS (Cont'd)
Swimming
Poor Park Pool Golf Course
$ 588.71 $ 11,631.75 $ 250,000.00
3,695.11 197.91 11691.52
783.32
20,008.31
825,000.00
3849894.37 166,141.50
52,300.00
$20,503.22 1,319.61 ( 10,410.16.) ( 81,223.32)
$209503.22 $4119289.43 $167,561.00 $190479768.20
0
s
Park Sinking
$ 26,882.5Q
Park
Construction
$ 8909000.00
500.00
231,977.5Q1
750,000.001
124,871.73
190269991.82
{
i
67,438.1.
$1,0769298.11'
i
i
Improvement
120938.8.37
2,059°71
11,466.95
67,955.20
61,597.30
250,726.94
2,737.00
149864.86
10,440,000.00
69,963.96*
279501.97
1,230,935.84
$12,1609270.18
800,000.00
397159172.89 169032.40.
76,45313
13,085.85 ( 17,913.07)
$496369906.39 $649.904.70
Liquor
Dispensary
101.76
50,168.64
3,694.35
97,026.26
488,756.17
$6399747.18
—11—
Sewer
Waterworks
Rental
144.60
71.66
269814.42
669619.07
94.64
96.16
5,139.34
800,000.00
397159172.89 169032.40.
76,45313
13,085.85 ( 17,913.07)
$496369906.39 $649.904.70
Liquor
Dispensary
101.76
50,168.64
3,694.35
97,026.26
488,756.17
$6399747.18
—11—
GENERAL FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1964
ASSETS
Cash:
Demand deposits
Working funds
Investments:
United States Government securities
at face value
Land investment - at cost:
Receivables: -
Due from :other fundss
Park Fund
Sewer Rental Fund
Waterworks Fund
Liquor Dispensary Fur,,d
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 payab.les
Trade accounts
Accrued payroll
Edina Firemen's Relief Association
Sundry deposits
Appropriated surplus:
Invested in fixed assets
Contributed - invested in fixed assets
Reserve for commitments
For imprest gash
Surplus - unappropriated
588.71
71.66
144.60
101.76
$1,655,072073
70,863.11
97,338.35
600.00 979938.35
75,000.00
13.2$0.92 88,280.92
$ 906.73
8,528.38 99435.11
10,000.00
43,168.44
43.168.44
1 ,725 ,935.84.
$ 109534.24
576;92
33,705.88
1,782.06,
20;168.80
3,748.45
$19725,935.84
82,900.00
600.00
$199319590.22
$ 11,111.16
59,405.19
1,809,435.,84
51.638.03
$199319590.22
-12-
GENERAL FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 319 1964
APPROPRIATED
Balance at January 1, 1964
Additions (deductions):
Transfers from unappropriated surplus:
Invested in
Total Fixed - Assets
$19715,373.67 $19616,410.56
For fixed assets - net 389662.17
For commitments 55.400.00
Balance. at December 31, 1964 $19809;435.84
UNAPPROPRIATED
Balance at January 1, 1964
Additions:
Revenue - see separate schedule
Less expenditures - see separate schedule
Deductions
General Fund share of construction costs
38,662.17
$1,6559072.73
,1
i
I
L
For Imprest For
Contributed Cash Commitments
$703863.11 $ 600.00 $279,500.00
55,400-00
$70,863.11 $ 600.00 $823,900.00
- $18,468.20
$19299,687.70
1.264.579.89 35.1.07.81
$53,576.01
1.937.98
Balance at December131, 1964 $51,638.03
-13-
GENERAL FUND
ANALYSIS OF CHANGE IN CASH, BALANCE
VILLAGE OF EDINA
I. Year Ended December 31, 1964
Balance at January 1, 1964
Additions:
Receipts — per separate schedule
Sale of investments
Collection of amounts due others=
Waterworks Fund
Edina Firemen's Relief Association
Collection made on accruals at
December 31, 1963
Deductions:
Disbursements = per separate schedule
Charges to accounts receivable and other
funds
Payment on accruals at December 31, 1963:
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
$19285,688.77
103,000.00
$10,534.24
.20.168.80 30,703.04
49,157.04
$1,16.7,144.01
$ 4,846.62
1.468.548.85
$194739395.47
2',109.42
$83,030.10
5,294.36
19,303.89
9.533.36 1179161.71
88,280.92
1,361.06 1,376.057.12
Balance at December 31, 1964 $ 97,338.35
-14-
GENERAL FUND
REVENUE
VILLAGE OF EDINA
Year Ended December 31, 1964
Receipts .
i
i
i
Accruals
Estimated
Revenues Revenue_
Actual
Revenue
Over - Under*
Estimated
Revenue
Real and personal property taxes
$ 768,099.27
t
768,099.27
$ 771,325.00
$ 39225.73#
Other taxes
33,880.35
33,880.35
27;250.00
6,630.35
Bicycle licenses
8,594.00
89594.00
4;000.00
4,594.00
Beer and liquor licenses
1,555.00
1,555.00
1,455.00
100.00
Cigarette licenses
840.00
840.00
720.00
120.00
Dog and impounding fees
6,244.75
i
6,244.75
85,078.00
19833.25#
Food and soft drinks
3,310.00
39310.00
2,400.00
910.00
Gas pump licenses
410.00
410.00
620.00
210.00#
Bowling, taxi, pinball, et cetera
29863.00
2,863.00
3,905.00
19,042.00#
Plumbing licenses
2,800.00
2,800.00
2,9200.00
600.00
Water softener installation licenses
200.00
200.00
200.00
Scavenger and garbage collectors
495.00
495.00
360.00
135.00
Building pe m►its
29,670.50
299670.50
269000.00
3,670.50
Cesspool and sewer permits
4,191.00
4,191.00
31500000
691.00
Plumbing permits
13,842.20
139842.20
7,000.00
6,842.20
Sign permits
3,786.83
3,786.83
3,,200.00
586.83
Other permits and fees
763,00
763.00
763.00
Heating and ventilating
-
79000.00
7,000.00#
Street opening fees
1,.040.00
80.00
1,120.00
600.00
520.00
Planning fees
1,291.00
19291.00
2,000.00
709.00*
Engineering, clerical and searches
130,041.14
16.76
130,057.90
1249 200.00
5,857.90
Police service
49990.00
4,990.00
6,500.00
1,510.00#
Equipment rental
69920.65
132.37
'i
'7,053.02
291500.00
4,553.02
Municipal court fines
545,048.84
5,833.00
599881.84
531,000.00
6,881.84
Income on investments
11977.64
11977.64
1,977 64
State apportionments - highway
24,995.00
24,995.00
23,670.00
1,325.00
State apportionments - liquor and cigarettes
859217.99
859217.99
83,935.00
1,282.99
Contribution from active funds
752931.00
75,931.00
75,931.00
-
Charges to other funds
109320.00
10,320.00
10,320.00
-
Sale of fixed assets
1,105.00
( 175.00
930.00
780.00
150.00
Discounts earned
969.50
53.75 ;
19023.25
1,023.25
Other revenue
59296.11
558.05 '
5,854.16
5,800.00
54.16
Transfer - reserve for encumbrances
7.500.00 i
7,500.00
7.500.00
-
TOTAL $1,285,688.77
$13,998_.93
i
$192999687.70
$192659749.00
$339938.70
-15-
GENERAL FUND
EXPENDITURES
VILLAGE OF EDINA
Year Ended December 31, 1964
GENERAL GOVERNMENT
Mayor and Council
Planning
Administrations
Personal services.
Contractual services
Commodities
Fixed charges
Finance:
Personal services
Contractual services
Commodities
Fixed charges
Municipal Court:
Personal services
Contractual services.
Commodities
Fixed charges
Elections
Assessing:
Personal services
Contractual services
Commodities
Fixed charges
Legal services
Library
ENGINEERING
Personal services
Contractual services
Commodities.
Fixed charges.
PUBLIC WORKS
Administrative and overheads
Supervision and clerical
Training
Paid leave
Street maintenances
General
Patching
Street cleaning
Sealing
Curb repair
Snow and ice removal
TOTAL ADMINISTRATION
TOTAL FINANCE
TOTAL MUNICIPAL COURT
TOTAL ASSESSING
TOTAL GENERAL GOVERNMENT
TOTAL ENGINEERING
TOTAL ADMINISTRATIVE AND OVERHEAD
TOTAL STREET MAINTENANCE
Disbursements
$ 9,962.96
12,742.11
$ 429450.67
7,905010
1414.17
9,252.00
$ 599751.94
$ 2993.39.70
2,579.87
36.00
5,892.00
37,847.57
$ 189508.20
6,148.86
560.24
68.00
30,185.30
6,.913.60
$ 319,757.80
1,346.09
931.52
5.448.00
.39,483.41
17,809.50
2,036.98
$ 2169733.37
$ 1009255.99
1,731.36
4,101.53
16 x,032.00
$ 122,120.8.8
$ 369057.20
1,198.91
14.690.a
51,946.74
$ 55,130.05
229733.73
23,325.53
28,$19081
1,757.35
36.806.E
168,573.42
Encumbrances
600.00
320.06
7.50
i
$ 927.56
$ 82.00
333.00
$ 415.00
6.97
$ 32.75
32.75
8,423.97
171.21
9,977.46
$ 16.23
292-17
$ 308.40
$ 173.16
562.08
$ 735.24
$ 505.51
894.97
686.63.
$ 2,087.11
Expenditures
$ 9,962.96
12,742.11
$ 439050.67
8,225.16
151.67
9,252.00
60,679.50
$ 29,339.70
2,579.87
36.00
5,892200
37,847.57
$ 189590.20
6,481.86
560.24
4,968.00
30,600.30
6,920.57
$ 319757.80
1,346.09
964.27
5,448.00
399516.16
26,233.47
2,208.19
$ 226,710.83
$ 10x,255.99
1,747.59
4,393.70
16,032.00
122,429.28
$ 369230.36
1,198.91
15,252.71
52,681.98
$ 559635.56
23,628.70
23,325.53
28,819.81
1,757.35
170,6
.8
Appropriations
9,990.00
12.,$51.00
$ 43,066.00
7,680.00
175.00
9.252.00
$ 60,173.00
$ 299400.00
2,686.00
50.00
5,892.00
38,028.00
$ 16,.756.00
5,900000
270.00
4.968.00
27,894.00
7,025.00
$ 329455.00
1,411.00
1,000.00
5.448.00
40,314.00
23,.799.00
2,331.00
$ 2229405.00
$ 1009500.00
2,300.00
4,860.00
16,032.00
123,692.00
$ 36224.4.00
1,235.00
15,336.00
$ 52,815.00
$ 559700.00
23,700.00
23,412-00
29,146.00
2,304.00
37,56o.00
171,822.00
Unexpended
Balance
$ 27.04
108.89
$ 15.33
545.16#
23.33
$ 506.50#
$ 60.30
106.13
14.00
180.43
$1,834.20#
581.86*
290.24#
2,706.30#
104.43
$ 697.20
64.91
35.73
$ 797.84
2,434.47#
122.81
$4,30
$ 244.01
552.41
466.30
$1,262.72
$ 13.64
36.09
83.29
133.02
$ 64.44
71.30
86.47
326.19
546.65
1,161.47
-16-
PUBLIC WORKS (Cont'd)
Street lighting
Street name signs.:
General
New sign installation
Traffic, control:
Sign maintenance
Signal maintenance
Pavement marking
Guard rail maintenance
Bridges
Storm sewer maintenance
Village properties:
Turf care
Plantings
Tree trimming
Tree spraying
Noxious weed control
PROTECTION.OF PERSONS AND PROPERTY
Police protection:
Personal services
Contractual services
Commodities
Fixed charges
Fire protection:
Personal services
Contractual services
Commodities
Fixed charges.
Civilian defense
Public health:
Personal services
Contractual services
Commodities
Fixed charges
Animal control
Inspections
Personal services
Contractual services
Commodities
Fixed charges
GENERAL FUND
EXPENDITURES'(Cont'd)
TOTAL STREET NAME SIGNS
TOTAL TRAFFIC CONTROL
TOTAL VILLAGE PROPERTIES
TOTAL PUBLIC WORKS
TOTAL POLICE PROTECTION
TOTAL FIRE PROTECTION
TOTAL PUBLIC HEALTH
TOTAL INSPECTIONS
TOTAL PROTECTION OF PERSONS AND PROPERTY
Disbursements.
$ 44,633.75
$ 6,691.03
1.20
7,042.23
$
5, ,016.76
3,743.68
3,865.34
6.7
$
169091.25
2,-970.17
13,14.8.52
$ 5,456.79
360.32
4,104.4.
60.1
10,881. 8
1,338.91
31.6,62 .67
$ 199, 560.4.8
4,832.22
3,965.46
08.00
2529266.16
$ 1109287.42
3,174.48
2,602.12
16,,428.00
$ 1325,492.02.
3,304.02
$ 119,692.00
859.14
48$.72
1 6.00
14, 35.86
12,398.55
$ 18,516.01
540.38
482.18
4.104.00
23,642.57
$ 4389739.18
Encumbrances
$ 5.20
104.75
F-109-95
$ 269.34
33.02
302.36
7.00
$ _
$ 3,241.66 `
$ 228.001
180.90
133.53
$ 542.43
$ 135.00#
153:07
49.61
$ 67.68
8.00
$ 74.39 1
34.07 ; 4
108.46
1,114.00 �
$ 1,840.57
Expenditures
$ 44,633.75
$ 6,696.23
7,152.18
$ 5,016.76
4.,013.02
3,865.34
3.498.49
$ 169393.-61
2,970.17
13,155.52
$ 5,456.79
360.32
4,104.44
60.1
10,881.68
1.338.91
319,868.33
$ 1999788.48
5,013.12
4,098.99
43.908.00
$ 252,808.59.
$ 1109152.42
3,327.55
2,651.73
16,428.00
$ 132059.70
3,312.02
$ 119,692.00
933 -53
522.79
1.596.00
$ 14,744.32
13,512.55
$ 18,516.01
540.38
482.18
:2&104.00
,'642.57
440,579.75
Appropriations.
$ 44261+4,00
$ 6,800.00
00.00
7,300.00
$ 5,200.00
4.,211}.00
4,016.00
3.566.00
16,996.00
3,372.00
14,030.00
$ 5,620.00
940.00
4,4.06.00
1.304.00
$ 12,270.00
2.012.00
$ 325,261.00
$ 1992800.00
5,050.00
4,150.00
43.908.00
$ 2529908.00
$ 1109300.00
3,400.00
2,658.00
16.428.00
132,786.00
3,443.00
$ 119803.00
955.00
619.00
1,596.00
$ 141973.00
13,604.00
$ 18,550.00
600.00
618.00
10 .00
2 3,872.00
$ 441,586.00
Unexpended
Balance
$ 10.25
$ 103.77
44-05
147.82
$ 183.24
200.98
150.66
67.1
$ 602.39
401.83
874.4.8
$ 163.21
579.68
301.56
1, 0
88.32
5,392.67
$ 11.52
36.88
51.01
99.41
$ 147.58
72.45
6.27
$ 226.30
130.98
$ 111.00
21:47
96.21
228.68
91.45
$ 33.99
59.62
135.82
229.43
$1,006.25
-17-
GENERAL FUND
EXPENDITURES (Cont'd)
NON- DEPARTMENTAL
Contingencies
Settlement of suits
Special as.s.essments on Village
property
TOTAL NON- DEPARTMENTAL
CENTRAL SERVICES
See separate schedule attached
TOTAL OPERATING EXPENSES
CAPITAL OUTLAY
Planning
Administration
Finance
Engineering
Public works.
Police
Fire
Contingencies
Special assessments on Village
property
Unallocated capital outlay
Storm sewer - garage site
TOTAL CAPITAL OUTLAY
RESERVE FOR COMMITMENTS
Public works
Capital improvements
TOTAL RESERVE FOR COMMITMENTS
TOTAL
* Indicates red figure.
Disbursements
$ 3,508.73
41.66
26,567.27
309117.66
3,277.57
$191271,615.63
$ 223.20
212.50
197.00
2,978.59
11,274.99
6,-908.85
1,686.90
4,538.95
3,286.43
5,170.16
3,050.81
$ 399528.38
$
$1,167,. 144.01
f
Encumbrances
583.29
583.29
9,075.47
$25,026.85
$ 845.00
3,591..,00
5,073.03
I
i
I
$ 9,509..03
$16,000:00
46.900.00
2 00.00
$97,435.88
Ex' Deftditures
$ 4,092.02
41.66
26,567.27
$ 30,700.95
- 12,353.34
$1,152,642.48
$ 223.20
212.50
197.00
2,978.59
12,119.99
10,499.85
6,759.93
4,538.95
3,286.43
5,170.16
3,050.81
$ 49,037.41
$ 16,000.00
46,900.00
$ 62.900.00
$1,264,579.89
Anaropriations
$ 3,562.00
100.00
26,575.00
$ 30,237.00
9'650.00
19152,831.00
$ 250.00
225.00
280.00
X3,150,00
12,175.00
10,538.00
6,967.00
4,600.00
3,325-DO
5,408.00
3,100.00
$ 501,018.00
$ 16,000.00
46,900.00
$ 62,900.00
$19265,749.00
Unexpended
Balance
$ 530.02#
58.34
7.73
$ 463.95#
2,703.34#
$ 188.52
$ 26.80
12.50
83.00
171.41
55.01
38.15
207.07
61.05
38.57
237.84
49.19
$ 980.59
$1,169.11
-18-
GENERAL FUND
CENTRAL SERVICES
VILLAGE OF EDINA
Year Ended December 31, 1964
General:
Contractual services
commodities.
TOTAL GENERAL
Village Hall:
Personal services
Contractual services
Commodities
Central services.
TOTAL VILLAGE HALL
Garage
Equipment .operation:
Personal services
Contractual services.
Commodities
Fixed charges
Gasoline and fuel oil
Tires and tubes
Lubricants
Parts and accessories
TOTAL EQUIPMENT OPERATION
Less allocations to other departments
or funds
TOTAL
* Indicates red figure.
1
Disbursements Encumbrances., Expenditures
$1089498.29
$ 722.38 '
$1091220.67
811.1
- 10
5,920.58
114,309.48
831.77 1
81152141.25
$ 89091.00.
$ 161.82
$ 89252.82
89.323.,86.
859.92
9,183.78
29-608.23
768.37
3,376.60
936.00
6.00
$.19,959.09
$13,790.11
219749.20
109077.78
1051.80 i
1- 19429.58
$ 25,185.66
13,948.02
6,001.35
5,100.00
17,120.30
2,682.10
2,863.85
19.262.24
216.2
236,509,,87
233,222.00
$ 3,277.87
$1,440.89
247.47
1,763.63
214.52
1 435.28
101.
$9,075.47
$9,075.47
$ 259185.66
15,388.91
6,248.82
5,100.00
18,883.93
2,896.62
2,863.85
20.697.52
97,265.31
245,585.34
223.232.00
$ 12,353.34
Appropriations
$109,24.00
6 000.00
115,224.00
$ 8,110.00
8,A31.00
2,313.00
936.00
20,190.00
11,372.00
23,752.00
15,394.00
6,300.00
5,100.00
18,50.00
2,950.00
2,900.00
20 0.00
6 0 6.00
$2429882.00
233,232.00
$ 9,650.00
Unexpended
Balance
3.33
82.75
$ 142.82*
352.78*
1,063.60#
$1,559.20#
57.58*
$1,433..66#
5.09
51.18
66.07
53.38
36.15
2.
J1,169.31*
2,703.34#
$2,703:34#
-19-
GENERAL FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1964
TOTAL $1,6873,273.67 $553,217.41 $169555.24 $197259935.84
-20-
Balance
Balance
January 1,
December 31,
1964
- Additions
Deductions
1964
Land
253,778.16
$ 2539778.16
Land improvements
97,745.47
69337.24
1043,082.71
Buildings
669,588.22
29489.20
6.,72,077.42
Furniture and fixtures
49,192.69
21243.22
51,, 435,91
Equipments
Highway
3159839.04
169249.55
39219.51
3289869.08
Police
33,876.64
15,18.9.93
11,370.73
379695..84
Fire
76,910.36
69701.93
83,612.29
Election
810,017.93
809017.93
Engineering
22,292.05
4,028.59
1,965.0.0
2405.5.64
Traffic signals
5,6,745.67
569745.67
Executive
11,834.15
1,834.15
Miscellaneous
29,_453.29
1.977.75
31,431.04
TOTAL $1,6873,273.67 $553,217.41 $169555.24 $197259935.84
-20-
ASSETS
Cash on deposit
Investments:
.Village of Edina
at face value
Village of Edina
of 1955 at face
Village of Edina
of 1955 at face
POOR FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1964
- 2.7% Improvement Bonds of 1.958
- 2.3% Waterworks Revenue Bonds
value
- 2.5% Waterworks Revenue Bonds
value
Receivables:
Relief grant - State of Minnesota
Reimbursement - Suburban Hennepin County
Relief Board
SURPLUS
Surplus - unappropriated
$ 49609.58
$5,00000
6,000.00
4.000.00 159000.00
$ 35.89
857.75 893.64
$20,503.22
$20,503.22
-21-
POOR FUND_
STATEMENT OF SURPLUS - UNAPPROPRIATED.
VILLAGE OF EDINA
Year Ended December 31, 1964
Balance at January 19 1964 $179865.07
Additions
Net income for year 2,638.15
Balance at December 31, 1964 $209503.22
STATEMENT OF REVENUES AND EXPENDITURES
Disbursements and accruals:
Suburban Hennepin County Relief Board:
Relief orders
Administration
Rural Hennepin County Nursing Committee
Professional services
NET INCOME (LOSS)
39722.88 4,029.27
765.56 697.49
7,552.77 7,125.25
100.00 100.00
$12,141.21 $11,952.01
$ 29638.15 ($ 957.25)
$ 306.39*
68.07
427.52
189.20
3,595.40
—22—
Year Ended
December 31
Increase
1964
1963
Decrease*
Revenue receipts and accruals:
Tax settlements
$129233.08
$10,536.03
$ 1,697.05
Relief grants — .State of Minnesota
81.76
85.73
3.97*
Income on investment
373.00
373.00
—
Reimbursement from other governmental
agency
2,091.52
—
2.091.52
$149779.36
$109994.76
$ 3,784.60
Disbursements and accruals:
Suburban Hennepin County Relief Board:
Relief orders
Administration
Rural Hennepin County Nursing Committee
Professional services
NET INCOME (LOSS)
39722.88 4,029.27
765.56 697.49
7,552.77 7,125.25
100.00 100.00
$12,141.21 $11,952.01
$ 29638.15 ($ 957.25)
$ 306.39*
68.07
427.52
189.20
3,595.40
—22—
POOR FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1964
Balance at January 1, 1964
Additionss
Tax settlements received.
March 1964
June 1964
November 1964
Relief grants - State of Minnesota
Income on investments
Reimbursement from other governmental agency
Deductionss
Payment to Suburban Hennepin County
Relief Boards
Relief orders_
Administration
Rural Hennepin County Nursing Committee
Professional services
Decrease in accounts payable
Increase in accounts receivable
$ 29953.12
$ 687.40
5,962.73
5;582.95 $129233.08
81.76
373.00
2,091.52 149779.36
$17,732.48
$3,722.88
765.56 $ 49488.44
7 , 552.77
100.00
98.06
883.63 13,122 90
Balance at December 31, 1964 $ 4,609.58
-23-
PARK FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1964
ASSETS
Cash:
Demand deposits 259795.06
Receivables:
Taxes receivable — delinquent 725.65
Less allowance for delinquent taxes 725.65 —
Inventory of supplies — estimated 600.00
Fixed assets 384.894.37
$411,289.43
:LIABILITIES AND SURPLUS_
Payables:
Trade accounts $ 39695.11
Salaries and wages 783.32
Due to General Fund 588.71
Unexpended contributions for specific purposes:
Landscaping buffer strip west of library $ 207.53
Cascade pumping z M7
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 366.47
Park District No. 2 69185.00
Park District No. 3 2,150.00
Park District No. 4 3,400.00
Park District No. 5 500.00
Figure skating and skiing instructors! salaries 49640.57
Other 153.00 209008.31
Appropriated surplus:
Invested in fixed assets $181,953.92
Contributed:
Property and special assessment paid by
General Fund $1929601.79
Property donated by others 10,338.66 202,940.45 384,894.37
Surplus — unappropriated 1,319.61
$4119289.43
—24—
PARK FUND
STATEMENT OF UNAPPROPRIATED SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1964
Balance at January 19 1964
Additions:
Revenue for year (see separate schedule for details) $146051.37
Less amount transferred to revenue included in the
above 5.200.00
$ 6,035.76
141.351-37
147,387.13
Deductions:
Expenditures for year (see separate schedule for details) 146,067.52
Balance at December 31, 1964 $- 1,319.61
ANALYSIS, OF SURPLUS INVESTED IN FIXED ASSETS
Balance at January 1, 1964
Additions for the year:
Special assessments paid by
General Fund
From unappropriated surplus
Balance at December 31, 1964
Contributed
By General
Fund by Direct
Payment of Investment
Special in Fixed
Combined Assessments By Others Assets
$345,19311 $166,034,52 $ 10,338.66 $168,819.93
26,567.27 26,567.27
13,133099 13.133.99
$384,894.37 $192,601.79 $ 10,338.66 $181,953.92
-25-
PARK FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1964
Balance at January 1, 1964
Additions:
Receipts for year (see separate schedule for details)
Sale of investments
Registration fees — figure skating and skiing
Dedicated funds:
Edina Swim Club $ 220.00
Other 75.00
Deductions:
Disbursements for year (see separate schedule for
details)
Expenses — figure skating and skiing
Payment on accruals at December 31, 1963:
Trade accounts $19278.99
Accrued payroll 3,384.53
$138,167.61
25,000,00
4,560.25
295.00
$,1419916.62
3;403.75
$ 7,756.09
168 022.86
175,778.95
4,663.52 149,983.89
Balance at December 31, 1964 $ 25,795.06
-26-
REVENUE
Real and personal property
taxes
Registration fees
Transfer from active funds
Transfer from unappro-
priated surplus
Transfer from reserve for
encumbrances
Other revenue
TOTAL REVENUE
EXPENDITURES
Administrations
Personal services
Contractual services
Commodities
Central services
Training
Paid leave
TOTAL ADMINISTRATION
Capital outlay
Recreation:
PARK FUND
REVENUE AND EXPENDITURES
VILLAGE OF EDINA
Year Ended'December 319 1964
Actual
Revenue
Over - Under*
Estimated Estimated
Receipts Accruals Revenue Revenue Revenue
689432.50 689432.50 $ 68,600.00 $ 167.50*
199767.51 199767.51 219000.00 1,232.49
49,069.00 490069.00 499069.00 -
$59200.00 59200.00 59200.00 -
3000.00 3,500.00 39500.00
.898.60 ( 316.24) 582.36 750.00 167.64#
$1389167.61 $8,383.76 $146,551.37 0148,119.00 $1,567.63*
Disburse- Encum- Expendi- Ap.propri- Unexpended
ments brances tures ations Balance
$ 19,984.76
199984.76
$ 209000.00
1,022.67
19022.67
19025.00
26.61
$ 5.80 32.41
50.00
119328.00
119328.00.11
119328.00
166.10
166.10
200.00
5,026.44
164.24 1 0.68
4,870.00
$ 37054.58
170.04 8 379724.62
.6 379473.00
139186.34 647.65 139833.99 129720.00
Baseball and softball
$ 3,433.94
$ 39433.94
Skating and hockey
4,239.40
$ 619.08
4,858.48
Tennis instruction
852.65
852.65
Playgrounds
10,156.21
58.57
109214.78
Swimming instruction
129805.82
129805.82
Special activities
3,460.70
26.25
3.486.9�
TOTAL RECREATION
$ 34,948.72
703.90
6 359652.62
Maintenance:
Mowing
$ 7,939.92
$ 7,939.92
Special turf care
9,438.77
$ 309.44
9,748.21
Planting and trees
2,694.44
2,694.44
Litter removal
49051.97
49051.97
Parking areas
7J4.31
8$.37
832.68
Building and equipment
12,365.88
223.41
]- 2,589.29
Skating rinks
16,97J.77
2.9908. 09
18,980.86
Aquatic weed control
TOTAL MAINTENANCE
2 1 .92
I-J6,226.98
2.018.92
8 8 .2
TOTAL EXPENDITURES
$141,916.62
$4,150.90
$146,067.52
( ) Indicates red figure.
$ 3,525.00
5,800.00
1,050.00
10,450.00
15,075.00
3.650.00
6 39,550.00
$ 7,950.00
9,780.00
2,700.00
4,100.00
850.00
12,600.00
18,352.00
2. 0 4.4.00
58,376.00
$148,119.00
$ 15.24
2.33
17.59
33.90
20.68*
251.62#
1,113.99*
$ 91.06
941.52
197.35
235.22
2,269.18
163.05
$3,897.38
$ 10.08
31.79
5.56
48.03
17.32
10.71
628.86*
2 .08
0.29*
$2,051.48
-27-
PARK FUND
FIXED ASSETS
.-VILLAGE OF EDINA
Year Ended December 31, 1964
TOTAL $3459,193.11 $4024.01.26 $700.00 $3849894.37
-28-
Balance
Balance
January 1,
December 31,
1964
Additions.
Deductions 1964
Land
909806.64
$ 90,806.64
Skating rinks
59812.03
59812.03
Land improvements
183,154.97
$26,567.27
2099722.24
Building
3,418.06
624.26
49042.32
Park equipment
35,662.20
89867.32
44029.52
Furniture, fixtures and equipment
988.29
653.50
11,.641.79
Trucks.. automobile and tractors
16,748.97
29210.00
$700.00 18,258.97
Miscellaneous
2,098.76,
1,478.91
577.67
1338y-689.92
$4,0,401.26
$700.00 378,391.18
Construction in progress:
52nd and Arden
131.26.
131.26.
50th and Wooddale
29324.85
29324.85
East Mirror Lake
57th and Chowen
3,785.72
261.36
3,785.72
26.1.36
TOTAL $3459,193.11 $4024.01.26 $700.00 $3849894.37
-28-
ASSETS
Cash:
Demand deposits
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, 1964
$ 1,419.50
$ 109000.00
$183,792.03
17,000.00
4,037-01
204,829.04
48,687.54 156,141.50 166,141.50
$1679561.00
$ 197.91
11.631.75
1.75
11,829.66
$1639299.94
2,791.56
50.00 $1669141.50
(
10.410-16)
4155,731-34
$167,561.00
—29—
SWIMMING POOL FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1964
Balance at January 19 1964
Transfers and deductions:
Net loss for year
Less interest provided for
at December 31, 1963
included in operations
Provision for depre-ciation
Fixed asset additions - net
Allocated to Sinking Fund
for bonds
Balance at December 31, 1964
* Indicates red figure.
Invested in Fixed Assets
Unappro- From From
Total priated Donated Surplus Bond Fund
$1619827.37 $11,298.50# $50.00 $2,719.37 $170,356.50
$ 1,755.78# $ 1,755.78#
721.0 721.0
59535.72 0 5.,535.72 -
79609.37 552.81* 7,056.56#
625.00# 625.00
11,631.7 -
5 * 11 6j 1.7 #
6,096.03* 888.3 F 70 6.T6*
$1559731.34 $109410.16# $50.00 $2,791.56 $1639299.94
-30-
SWIMMING POOL FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 319 1964
Balance at January 19 1964
Additions:
Pool fees
Concessions income (see separate schedule)
Add items not requiring casks
Provision for depreciation $360,24
Loss of.equipment 150-00
Other
Deductions:
Purchase of fixed assets
Operating expense (see separate schedule)
Less accounts payable at December 319 1964
Payment made on accruals at December 319 1963
$ 862.41
510,24
$409149.26
19372.65
802,31
$ 670.75
42,324.22
$429994.97
$ 775.00
$299029.13
197.91 289831.22
11,969.25 41,575.47
Balance at December 319 1964 $ 19419.50
-31-
SWIMMING POOL FUND
STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
Year Ended December 319 1964
Revenues:
Pool fees:
Season tickets
$34,894.50
General admissions
5,254.76
$40,149.26
Rental — instruction program
750.00
Other
52.31
$40,951.57
Operating expenses:
Salaries and wages:
Supervision and clerical
$3,458.63
Life guards
9,109.78
Cashier
1_1008,45
Basket room attendants
21861.00
Watchmen
19140.25
Maintenance
2,580.67
$20,158.78
Gas
571.57
Light and power
1,703.60
Water and sewer
458.13
Telephone
103.06
Insurance
1,158.61
Repairs and maintenance 820.90
Rubbish removal 150,00
Cleaning supplies 150.97
Water treatment 1,607.54
Paint 325.43
Office supplies 239.75
.General supplies 440.79
Central services 1,140.00 29,029.13
INCOME BEFORE PROVISION FOR DEPRECIATION
AND DEBT SERVICE CHARGES. $11,922.44
Provision for depreciation 7,249.13
INCOME BEFORE DEBT SERVICE CHARGES $ 4,673.31
Debt service 7,291.50
NET LOSS FROM SWIMMING POOL OPERATION $ 2,618.19
Income from concessions e see separate schedules 862,41
NET LOSS FROM OPERATION $ 19755.78
—32-
SWIMMING POOL FUND
STATEMENT OF INCOME AND EXPENSE (CONCESSIONS ONLY)
Soft drinks
Soft ice cream
Popcorn
Sandwiches
Cupcakes
Operating expensess
Salaries and wages:
Manager
Clerks
Repairs and maintenance
Equipment rental
Laundry
Provision for depreciation
Loss on-equipment junked
VILLAGE OF EDINA
Year Ended December 31, 1964
932075
19436914 $2,368.89
62908
30.00
/2033
36024
150,00 3,013954
NET INCOME $ 862,41
-33-
Gross Profit
Cost of
Per Cent
Sales
Sales
Amount
to'Sales
$1,150900
$ 691025
$ 458.75
39.89%
2,592000
1,247000
1,345000
51089
1,468056
258,10
19210.46
82,42
786°60
509.55
277005
35°22
19595°40
1,010-71
584°69
36.65
$79592056
$3,716961
$3,875095
51,05%
932075
19436914 $2,368.89
62908
30.00
/2033
36024
150,00 3,013954
NET INCOME $ 862,41
-33-
ASSETS
Land
Swimming pool and bathhouse
Filter system
Furniture and equipment
ALLOWANCE FOR DEPRECIATION
Swimming pool and bathhouse
Filter system
Furniture and equipment
SWIMMING POOL FUND
,FIXED ASSETS-
VILLAGE OF EDINA
Year Ended December 31, 1964
NET BALANCE
Balance
January 1,
1964
$ 10,000.00
183,792.03
.17,000.00
3,637.01
$214,429.04
$ 30,240026
9,350,00
1,712.91
41,303.17
$173,125.87
Balance
December 31,
Additions Deductions 1964
10,000,00
183,792.03
17,000,00
775-00 ,00 4,037.01
$ 775.00 $375.00 $214,829,04
$5,525.67
1,700,00
383.70 U25.00
$7,609°37 $225.00
$ 35,765.93
11,050.00
1,871.61
$ 48,687.54
$166,141.50
-34-
GOLF COURSE FUND
BALANCE SKEET
VILLAGE OF EDINA
December 31, 1964
ASSETS
Cash:
On deposit: $ 12,821.81
Working funds 150.00.
Investments:
United States Government securities —
at face value
Accounts receivable
Merchandise inventory — at cost
Prepaid expenses
Advance to Park Construction Fund
Fixed assets — at cost:
Furniture and equipment $ 43,866,50
Less allowance for depreciation 2,327.36
$ 41 x:539.14
Construction in progress. 634.47
LIABILITIES, RESERVE AND SURPLUS
Accounts payable
Loan from other funds:
Liquor Dispensary Fund $1859000.00
Park Construction Fund 65,000.00
Bonds payable
Reserve for debt service
Deficit
* Indicates red figure.
$ 12,971.81
100,000.00
117.23
1,954.95
550.60
890,000.00
42,173.61
$19047,768.20
$ 1,691.52
250,000.00
825,000.00
52,300.00
81.223.32��
$19,047,768..20
—35—
Deficit at January 1, 1964
Net loss for year
GOLF COURSE FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1964
Deficit at December 31, 1964
$ 4,252.72
76.970.60
$81,223.32
-36-
GOLF COURSE FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1964
Balance at January 1, 1964
Additions:
Sale of investments
Loan from other fundss
Liquor Dispensary Fund
Park Construction Fund
Revenue — see separate schedule
Net income — operating departments —
see separate schedule
Income on investments
Deductions:
Investments purchased
Increase in working funds
Advance to Park Construction Fund
Payment to fiscal agents
Interest
Service charge
Purchase of fixed assets
Payment on accruals at December 31, 1963
Purchase of merchandise inventory
Increase in prepaid expenses
Increase in accounts receivable
Operating expenses — see separate schedule
Accounts payable at January 1, 1964
Less accounts payable at December 31, 1964
$ 5,556.99
01150000.00
$99,425.00
65,000.00 .164,425.00
42,207.69
461.22
3,305.19 325,399.10
$330,956.09
$100,000.00
150.00
65,000.00
$26,400.00
66.00
269466.00
41,918.14
392.83
1,954.95
550.60
117.23
$82,246,05
1,030-00
83,276005
1,691.52
81,584.53 318,134.28
Balance at December 31, 1964 $ 129821.81
-37-
GOLF COURSE FUND
STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
Year Ended December 31, 1964
Revenues
Membership fees
Green \'fees
Rentals - clubs, carts and lockers
Other
Operating expenses-
Administrations
Salaries and wages:
Manager
Supervision
Rangers and starter
Clerical
Watchman
Other
Travel and mileage
Dues and subscriptions
Annual audit
Printing
Other
Buildings - club house and pro- shops
Telephone
Heat
Light and power
Water
Rubbish hauling
Insurance
Repairs and maintenance
Cleaning supplies
General supplies
Laundry
Maintenance of groundss
Salaries and wagess
Superintendent
Maintenance
Fertilizer and chemicals
Lumber
Sand, gravel and concrete
Sod and black dirt
Small tools
Light and power
General supplies
Equipment rental
Spraying
Parking lot and paths
$ 6,875.00
2,905.80
1,515.73
6.75.42
1,107.50
902.02
$13,981.47
919.50
153.50
185.00
2 ,,074.39
66.61
17,680.47
449.74
573.03
1,588.62
352.52
225.00
226.43
711.61
257.51
572.12-
170.60 59127.18
7,200..00
27.593.16 $34,793.16
8,735.96
387.65
453.75
244.40
610.66
3,259617
2,081.10
301-45
199.20
645.00 51,711.50
$ 8,804.00
31,429.18
1,685.30
289.21
42,207.69
-.3&-
GOLF COURSE FUND
STATEMENT OF INCOME AND EXPENSE (Cont'd)
Operating expenses (cont'd)s
Maintenance of equipments
Salaries and wages
Telephone
Light and power
Heat
Gasoline
Lubricants
Tires and tubes
Small tools
Repair parts
General supplies
Other
Net income - operating departments —
see separate schedule
Income on investments
Interest on bonds
Provision for depreciation
* Indicates red figure.
2,724.91
113.69
136.00
120.00
1,148.49
270.86
136.38
447.43
1,756.23
634.01
238.90
7,726.90 §82,246.o
40,038.36#
461.22
3.305.13
LOSS BEFORE INTEREST AND DEPRECIATION
LOSS BEFORE DEPRECIATION
NET LOSS
766. 1
36,271.95*
8. 1.2
$74o643-24*
2.327:36
$769970.60#
—39—
GOLF COURSE FUND
STATEMENT OF INCOME AND EXPENSE — OPERATING DEPARTMENTS
VILLAGE OF EDINA
Year Ended December 31, 1964
Pro -shop:
Merchandise sales
Less cost of merchandise sold
Less operating expenses:
Salaries and wages
Other expense
Driving ranges
Revenue
Less operating expenses:
Salaries and wages
Supplies
Concessionss
Sales
Less cost of goods sold
Less operating expensess
Salaries and wages:
Manager
Cooks
Waiters and waitresses
Laundry
Insurance
Cleaning supplies
General supplies
Other
* Indicates red figure.
675.41
125.00
$3,193093
362.84
$1,157.20
1,791.29
2,232.99 $59181.48
317.00
301.00
96.97
209.90
66.40
$69343.37
4,835.18
$1,508.19.
800.41 $ 707.78
$49977.30
3,556.77 1,420.53
$99799.28
5,293-622
49505.66
6.172.75. 1,667-09*
NET INCOME 461.22
-40-
GOLF COURSE FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 19.64
ASSETS
Golf course equipment
Rental clubs and carts
Club house furniture and equipment
Pro-shop equipment
Golf range
Concession equipment
Construction in progress
ALLOWANCE FOR DEPRECIATION
Golf course equipment
Rental clubs and carts
Chula house furniture and equipment
Pro -shop equipment
Golf range
Concession equipment
Balance Balance
January 1, December 31,
_1964 Additions 1964 _
$29582.83 $249756.65 $279339.48
781.56 781.56
29448.20 2,448.20
19712.58 1712.58
2,715.00 29715.00
- 8.80 ° 68 8.869..68
$29582.83 $41j2836,67 $43,866s,50
634.47 634.47
$29582.83 $41;918614 $44,500.97
$ — $ 1,366.97 $ 19366.97
78.16 78.16
81.61 81.61
85.63 85.63
271.50 271.50
$ $ 2,327.36 $ 2:327.36
NET BALANCE $29582i83 $42,173.61
-41-
GOLF COURSE FUND
BONDS PAYABLE
VILLAGE OF EDINA
December 31, 1964
Annual maturity and interest slate December 1
and June 1
Interest rate 2.5% to 3.5%
Year
1966
259000.00
1967
259000.00
1968
259000.00
1969
259000.00
1970
259000.00
1971
359000.00
1972
359000.00
1973
359000.00
1974
359000.00
1975
35,000.00
1976
359.000.00
1977
409000.00
1978
40,000.00
1979
40,000.00
1980
40,000.00
1981
40,000.00
1982
40,000.00
1983
5,02000.00
1984
50,000.00
1985
50,.000.00
1986
502000.00
1987
50,000.00
TOTAL $8259000.00
-42—
PARK SINKING. FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1964
ASSETS
Cashi
Demand deposits
Investments:
Edina Park System Bonds e at face value
United States Government securities -
at face value
Receivables:
Due from Swimming Pool Fund
Taxes receivable - current and delinquent
Taxes receivable - deferred
Less:
Allowance for uncollectible
taxes $129022.50
Allowance for delinquent
taxers 39262.69
LIABILITIES, RESERVE AND SURPLUS
Amount payable during 1965:
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
$ 11,631.75
$ 5698/+2.69
6 000.00
1,0209842.69
$ 19,108.86
40,000.00
15,285.19 1,005,557.50 1,017,189.25
$190769298.11
750,000.00
301-000.00,
258,860.00
26,882.50
$ 26,882.50
30.000-00
56,882.50
720,000.00
231,977.50
67,438.11
$1,076,298.11
—43-
PARK SINKING FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1964
Balance at January 1, 1964
Additions:
Income on investments
Transfers:.
Reserve for future interest
Reserve for uncollectible taxes
Less portion allocated to
Swimming Pool Fund
Deductions:
Payment to fiscal agents:
Interest
Service charge
Transfer to allowance for delinquent
taxes
$27,715.00
$15,117.50
$ 523.88
3.968.25 11,149.25 38,864.25
$26,953.00
104.89 $27,057.89
$55,535.56
39,388.13
$94,923.69
7.69 27,485.58
Balance at December 31, 1964 $679438.11
-44-
PARK SINKING FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1964
Balance at January 1, 1964
Additions:
Tax settlements received from County:
March 1964
June 1961
November 1964
Sale of investments
Income on investments
Payment received on amounts due from
other funds at December 31, 1963
Deductionsx
Purchase of investments
Payment to fiscal agents:
Principal
Interest
Service charges
$ 3,082.68
27,461.41
25.713-22
56,257031
30,000.00
523.88
11,791.50
$30,000.00
$ 79594.06.
98,572,69
$106.9:166-75
$30,000.00
26,953.00
104.89 57,057.89 87.057.89
Balance at December 31, 1964 $ 192108..86
-45-
PARK SINKING FUND
BOND AND INTEREST MATURITIES, DEFERRED TAX LEVIES AND RESERVE FOR UNCOLLECTIBLE TAXES
VILLAGE OF EDINA
December 31, 1964
Annual maturity and interest date
Interest rates
March 1, June 1,
September 1 and
December 1
2% to 3.90%
* Indicates red figure.
TOTAL $720,000.00 $2319977.50 $129,022.50 $964,000.00
-46--
Allowance for
Uncollectible
Deferred
Year
Bonds
Interest
Taxes
Levies .
1966
309000.00
$ 269027.50
$169972.50
$ 73,000.00
1967
40,000.00
24,835.00
39165.00
68,.000.00
1968
402000.00
239485.00
49515.00
689000.00
1969
40,00.0.00
229135.00
6.,865.00
699000.00
1970
402000.00
203,755.00
91245.00
709000.00
1971
40,000.00
19,375.00
10j,625.00
705,000.00
1972
509000.00
173,810.00
3,190.00
719000.00
1973
5090010.00
163,040.00
53960.00
721000..00
1974
50,000.00
14,230.00
7,770.-00
729000.00
1975
509000.00
12,380.00
10,620.00
73,000.00
1976
40,000.00
109530.00
123,470.00
63,000.00
1977
509000.00
89775.00
55,225.00
64,000.00
1978
509:000.00
6,825.00
89175.00
655000.00
1979
509_000.00
4,875.00
119125.00
66,000.00
1980
509000.00
21925.00
529925.00*
1981
50,000.00
975.00
50,975.00*
* Indicates red figure.
TOTAL $720,000.00 $2319977.50 $129,022.50 $964,000.00
-46--
PARK CONSTRUCTION FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1964
ASSETS
Cash:
On. deposit
Investments — at face value:
Edina Park System Bonds
Loan to Golf Course Fund
Fixed assets — at costs
Land
Construction in progress
Equipment
LIABILITIES AND SURPLUS
Trade accounts payable
Advance from Golf Course Fund
Surplus invested in fixed assets
Reserve for construction
$ 4889132.30
1,4149916.50
20,.486.73
$ 37,828.02
16,000..00
65,000.00
1,923,535.53
$2,042,363.55
$ 500.00
8903,000.00
110269991..82
124,871.73
$290422363.55
-47-
PARK CONSTRUCTION FUND
ANALYSIS OF RESERVE FOR CONSTRUCTION
VILLAGE OF EDINA
Year Ended December 319 1964
Balance at January 1, 1964
Additions:
Transfer from Liquor Dispensary Fund
Deductions:
Purchase of fixed assets
Transfers to golf course construction.
$266,961.44
223,546.40
Balance at December 31, 1964
$ 57,786.77
110,500-00
168,286.77
43,415..04
$1249871.73
Rio
PARK CONSTRUCTION FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1964
Balance at January 1, 1964
Additions :.
Trans -fer from Liquor Dispensary Fund
Sale of investments
Advance from Golf Course Fund
Payment received on accruals at December 319 1963
Deductions:
Purchase of fixed assets:
Golf Course
Other
Loan to Golf Course Fund
Decrease in accounts payable:
Balance at January 19 1964
Balance at December 31, 1964
$223046.40
43,415.04
28,215.40
500.00
$110•,500.00
200,000.00
65,000.00
392.83
$2662961.44
65,000.00
27,715.40
Balance at December 31,, 1964
$ 211612.03
375.892.83
$3979504,86
359.676.84
$ 37,828.02
-49-
PARK CONSTRUCTION FUND
FIXED ASSETS
VILLAGE OF EDINA
December 31, 1964
Lands
Highway 169 and Hanson Read 15,007.09
Hays Farm property 2219475..35
Coffman property 129639.48
Cornelia property 76052.04
Pamela Park 2,440.00
Jackson and Belmore Lane area 239487.05
Sixty - second and Beard area 26,650.00
Fifty - second and Arden area 12250.00
Sixty - second and Tracy area 18000.00
Lake Edina Second area 309230.0.0
Fifty -fifth and York area .7,250.00
Birchcrest Park 99525.22
Division and Rutledge area
7,525.00
Normandale area
10,028.27
Walnut Ridge area
2,845•.09
Heights area
2Y730.45
Edina Valley Estates area
16,961.35
Unallocated
3.435.91 $ 488x132.30
Construction in progress:
91,799.15
10.969.26
Utley Park
$ 18,621.06
Fifty- seventh and Chowen
52709.42
Lake Cornelia area
43,743.8.1
Pamela area
151,600.47
Fifty - second and Arden
16,962.28
Normandale area
39,767.01
Alden Park
283,168.,89
East Mirror Lake area
491459.11
Fifty -fifth and York
7,447.75
Sixty - second and Beard
7,951.93
Hays Farm prbperty 69694.87
Cornelia School site 369086..42
Sixty -ninth and McGuire 29233.39
Division and Rutledge area 32,088.96
Sixty - second and Tracy area 159084.24
Valley View School site
6,123.44.
Golf course
$96043.71
Garden Park
26,86.1.33
Heights area
3,000.00
Other park areas
Unallocated
91,799.15
10.969.26
19,4149916.50
Equipment
20.486.73
TOTAL
$19.9239535.53
-50-
IMPROVEMENT FUNDS
COMBINED BALANCE SHEET
VILLAGE OF EDINA
December 31, 1964
Joint
Sewer
Total Elimination Construction No. 1
ASSETS
Cash:
Demand deposits
Time deposits
Investments
Receivables,:
Special assessments:
Current - certified in 1964 -
collectible in 1965
Delinquent
Deferred
Taxes and assessments receivable -
Village share of projects
Current and delinquent
Deferred
Less allowance for delinquent taxes
Due from State -Aid Account - State
of Minnesota
Due from other funds
Due from Construction Fund for advances
Loan to Construction Fund
Prepaid interest
Construction in progress:
Current
Deferred
Unallocated construction cost
LIABILITIES, RESERVE AND SURPLUS
Accounts payable
Accrued interest
Future interest
Due to Hennepin County
Due to other funds
Construction contracts payable
Advance from Improvement Funds
Loan from Permanent Improvement
Revolving Fund
Payable to City of Minneapolis for
Village share of sewage disposal plant
Bonds payable
Construction deposits
Reserve for assessment adjustments
Reserve for construction
Surplus -unappropriated
Indicates red figure.
$ 159904-29* $ 208t563-07* $. 303.92.
50.000.00
$ 34,095.71 0 - $ 208063.07* $ 303.92:
215919,768.00 5,000.00,
$ 193849031.11
338,269.38
6 367 571.43
Permanent
Improvement
Revolving
67,350.61
7,350.61
94,768.00
Sanitary
Sewer
No. 53
$ 7,474.24
7,474.24
190,000.00
Southdale
Improvement
$ 1,848.63
1,848.63
130,000.00
$ 139670.74 $ 339901971 $ 19562.39
$ 552.92 ; 24,825.84 49531.80 468.82
6,403.95 187,043.94 29717.21
i
10,477.01
225.158.86 69,098.54
$ 893259507.79 - -� 552.92 44,900953 49575.99 4,748.42
739,379.88 2. 2 25,829..7- 20 0 . 682.80
79586.9127.91 - 8 199070.9 $273t866-56 49065. 2
214,864.86
189215.10 706.97 441.00 17,067.13
- 8819014.51
1009000.00 1000000.•00
1,940.40
122749554.70 122749554.70
2509726.94 2501726.94
879976.56. 6.165.37
$12,160,270.18 $881,014.51 $19323,590.91 $5,303.92 $281,630957 $4719.340.80 $152,981.38
$ 2,059.71
67,955.20
14,864.86
112466995 $ 32.65 $ 19085.70
209388937 $ 2,750.19 130905
250,726994 250,726.94 :.
- $881,014951 881,014951
1009000900 1009000900
1954 '
Improvement
Secbnd Series
$ 960.37
960.37
55,000.00
Improvement
Bond
Redemption
$ 112,483.23
50.000.00
162,483.23
291179000.00
$ 24 :240.64 $1,310,6550'63
14,581.12 2939308.88
12,042.91 6,159,363.42
Municipal
Temporary State -Aid
Improvement Street Bond
$ 2,936.60 $ 698.82#
2,93 .60 98.82#
10,477.01
156.060
2
50,861+.67, 079929986 5.2 - 16.395.30, 6 5,209.86
349469.37- 7,2549655.40 - -
214,864.86
44,061.4.8 358,046.97# 191959000.00
1,940.40
81.811.19
$134,491.22 $9,257,902.85 $1,199,877.00 $214,166.04
$ 1.9350.00 $ 498.133
29737.00 $2,737.00,
10,4401000.00 4009000..00 135,000.00
619597.30, 61,597.30
69,963.96E 7,910.36 119645.56
279-501.97 27,501.97
192309935.84 - 2.566.92, 2739557.51. 709255.10 49985982
$12,160,270.18 $8819014.51 $193233,590.91 $5003.92.1 $2819630.57 $4719340.80 $1529981.38
I
i
145.35
I
$ 2,059.71
63,606.87 $ "2,500.00
$ 149864.86
1.0,203.25
17,508.13
65,000.00 894409000.00 192009000.00 200,000.00
11,282.20 1009802.08#
57.565.34 8259326.97 2.623.00 698.82#
$134,491•.22 $992579,902.85 $11,1999877.00 $2149166.04
-51-
IMPROVEMENT FUNDS
STATEMENT OF SURPLUS - UNAPPROPRIATED
VILLAGE OF EDINA
Year Ended December 31; 1964
Balance at January 1, 1964
Additions:
Interest spread on assessments
for collection in 1965
Income on investments
Capitalized interest
Other.
Deductions:
Interest on bonds
Bank service charges
Cost of bond sale
Cancellations and adjustments
. Total
$1,0209425.49
$ 3849871.02
79,123.15
82,823.44
30.10
$ 546,847.71
$ 3049147.72
2,152.37
2,081.55
1.
308.423.59
1,258,849.61
Joint
Sewer
No. 1
$2,392.44
$ 174.48
$ 174.48
$29,5� 66 92
Permanent . 1953
Improvement Improvement
Revolving First Series
$200,966.89 $48,276.81
$ 959.19
1,,988.67
38.60
$ 2,986.46
$ 5.65
.6
h-03,947.70
Transfers - add (deduct):
Allowance for delinquent taxes ( 279913.77) 75.00
Interfund - 69,534.81
Balance at December 34 1964 $15,230,935.84 $2,566.92 $2739557.51
* Indicates red figure.
a
$ 1,221.35
30.10
$ 1,251.45
$ 193.33
53.00
$ 246.33
$49,281.93
( 49,281.93
Sanitary
Improvement
Municipal
Sewer
Southdale 1954 Improvement
Bond
Temporary State -Aid
No. 53
Improvement First Series Second Series
Redemption
Improvement, Street Bonds
$63,086.95
$3,965.68 $20,088.07 $55,692.38
$626,655.09
$ - $698.82#
$10,521.22
6,771..4.6
$17,292.68
$13,940.00
84..86
$14.024.86
66,354.77
3,900.33
$70,255.10
$ 203.79
3,942.24
$4,146.03
$4,125.00
29.44.
10.65
V�u165.09
3,946..62
1,039.20
$4,985.82
$ 348.96
$ 348.96
$ 120.00
38.50
25.65
184.15
20,252.88
$ 1,724.38
1,027.95
$ 2,752.33
$ 1,648.33
55.10
1..._. 70
56,741.28
824.06
$57,565.34
$371,462.44
63,648.04
82,784.84
$517,895.32
$281,621.06
1,891.47
1,958.55
28
859,079.33
( 33,752.36)
$825 9326-97
-52-
$2,500.00
123.00
92.623.00
$29623.00*
698.82
$2,623.00#
$698.82#
-52-
Balance at January 1, 1964
Additions&
Remittance from County Auditor:
On special assessments
On taxes receivable
Collections by Village on special assessments
Proceeds from sale of bonds
Sale of investments
Collection from other funds
Advance from Temporary Improvement Fund
Payment received on connection charges
Construction deposits received
Payment received from State of Minnesota
Collection for another fund
Other_
Deductionss
Construction and unallocated costs charged to others:
General Fund
Permanent Improvement Revolving Fund
Improvement Bond Redemption Fund
Other
Less collections received
Increase in construction in progress:
Balance at December 31, 19641
Current construction $112749554.70
Deferred construction 2509,726.94
Unallocated costs 6,165.37
Balance at January 1, 1964:
Current construction $1,2569.023.46
Deferred construction 151,494.03
Unallocated costs 2.1+24.00
Less increase in contracts
payable:
Balance at'December 31,
1964 $ 250,726.94
Balance at January 1, 1964 151.494.-03
Less amount due Waterworks Fund
$1,5319447-01
1.409.941.49
$ 1219505.52
99.232.91
22,272.61
2.750.19
Combined
$ 186,590.77
$1,376,073.96
10,122.99
406,234.30
19200,000.00
392029328.15
1,129.20
19195,000.00
38,231:64
52,501.80
106,250.00
32.02
19.47
$7,587,923.53
$ 1,937.98
15,381.69
1,400,935.44
32.034.77
$1,4509289.88
16.612.70
$194339677.18
19.522.42 1,453.199.60
(Balance Carried Forward) $6,3219314.70
IMPROVEMENT
FUNDS
i
ANALYSIS OF CHANGE IN
CASH BALANCE
VILLAGE OF
EDINA
Year Ended December
31, 1964
Joint
Permanent
1953
Sanitary
i
I
Improvement
Municipal
Sewer
Improvement
Improvement
Sewer
Southdale i
1954 Improvement
Bondi
Temporary
State -Aid
Construction
No. 1
Revolving
First Series
No. 53
Improvement
First Series
Second Series
Redemption, .
i
Improvement
Street Bond
.. 32,530.95
109.05
39562.72
4,636.36
7,706.85
22153.69
$ 69137.49
$ 129749.58
# 113,952.90
-
$ 39051.18
$34,991.34
37,812.34
11,779.23 1
$ 339805.16.
- $1;257;685.89
10,122.99
3,728.06
61545.34
244.20
2,383.28
3939327.42
$112009000..00
$79174.48
43x193.67
$71,221035
106,771.46
128,942024
$359348.96
56,027.95
2,753,648.04
$ 492.34
636.86
12195,000.00
i
89070.34
71884.71
89050.81
149225..78
52,501.80
$106925.0.00
32.02
$1,247,994.14
$7,174.48
$89,983.41
$71,221.35.
$159,013.85
$149x016.48
35,3 .43
.92.,222.39
494279.00
1,200,000.00
10 ,250.00
1,453.199.60
i
I
.
$ 1721,674.51#
$71,283.53
$93,546.13
$75,857.71
$1669,720.70
$151,170.171
$41,505.92
$104,971.97
$4,543,631.go
$1,200,000.00
$1099301.18
-53-
Combined.
(Balance Brought Forward) $6,321,314.70
Deductions (contfd)s
Payment to other funds accrued at December 31, 1963
$ 10,452.23
Investments purchased
35440,973.00
Payment to County Auditor for bookkeeping charges
13,620.95
Transfer to Construction Fund
11,195,000.00
Bonds redeemed
1,270,000.00
Interest on bonds
300,327.50
Bank service charges
2,152.37
Cost of bond sale
21081.55
Cost charged directly to reserve for assessment .adjustment
613.00
Paid to City of Minneapolis - sewage disposal plant
1,979.61
Prepaid interest
11940.40
Payment on connection charges
14,426•$2
Construction costs
15,251.64
Return of construction deposits
26,740.18
Refunds
3.659.74
$6,287,218.99
$ 341,.095.71
Interfund transfers
-
Balance at December 31, 1964 $ 34,095.71
# Indicates red figure.
Construction
172 , 674.51 *
$ 9, 148.18
26,740018
35.888056.
$ 208,563.01*
$ 208,563.073`
H
!MPROVEMENT FUNDS
ANALYSIS OF CHANGE IN CASH BALANCE (Co. ".t'dif
Joint
Sauer
No. .I
$7,283.53
$5,000,,00
11,979.6`:
30392
$
310-31,92
Permanent
Im.provemen:t
@.Revs lv i �.
0.3,546.13
1,212.32
10,973oCO
32e35
15,251,.64
_ ! 5.04
27
$66, 061.7$
— 1x288.8
$6.793506.1
1953
Improvement
Fir at Se'vies
$77598,57-71
$359OOOo00
.17.65
4 0, 000 00
580.00
53.00
Sanitary
Seger
No, 53
$1669720.70
$100.,000.00
221.6,0
459000.00
13,940.00
84.8h,
I
Sout}-ada 1 e 1954 Improvement
im rovement First Series Second Series
$1519170�17' $41,505.92 $1049971.97
i
$130,,000,;00,
1710
15 9 000..00
49275,.00
29,44
$10, 0,00.00
25.65
30,000.00
360.00
38.50
55,000.00
59.40
40,000.00
1,955.00
55.10
4,938 -03
Improvement
Bond
Redemption
$4,543,631.90
$ 91.53
3,0959000.00
1,247.20
190009000.00
269,217.50
1,891.47
1,958.55
613.00
9,, 488..79
Temporary
Improvement
$19200900,0.00
$19195,000.00
123.00
1,940.40
Municipal
State –Aid
Street Bond
$109,301.18
$1009000.00
10,000.00
2,004.07 1,64o.63
75 6 0> �6 i5 x21,6- 6 1� �'1�K 0 .1 10 011,60 81 1 8.67 1 1 7 06.0 8110.000.00
$.. 207x06 $ 79474„ 24. $ 1:9.8;x,8,63 11081.77 2, , 9 2#
207 � O6'k - -_— � 1,081.77*
$ $ 7,474..24 $ x.9848.63 $ $ 960.37 $ 162,483.23 2,936.60. $ 698°82#
i
�54�-
IMPROVEMENT FUNDS
BONDS PAYABLE
VILLAGE OF EDINA
December 31, 1964
I
Sanitary
1954
Improvement
Municipal
Sewer
Southdale
Improvement
Bond
Temporary
State —Aid
Year
Total
No. '53
Improvement
Second .Series
Redemption
Improvement
Street Bond
Annual maturities and interest dates
January 1 -
March 1 and
March land
March 1, June 1,
June 1 and
June 15 and
and July 1
September 1
September 1
September l and
December 1
December 15
December 1
Interest rates
3 1/4% and
3%
2 3110%
2% to 3 9/10%
2 1/2%
3 1/10%
1965
19195,000.00
$ 15,000.00
$40,000,00
$19140,000,00
1966
295209000.00
$ 40,000.00
159000.00
25,000.00
19140,000.00
$1,2009000.00
$1009000.00
1967
19 305 9000 .00
409000.00
159000.00
1,150,000.00
100,000.00
1968
190259000.00
40,000.00
15,000.00
9709000.00
1969
190259000.00
40,000.00
159000.00
970,000.00
1970
800,000.00
409000.00
159000.00
745,000.00
1971
600,000.00
409000.00
15,000.00
545,000.00
1972
600,000.00
40 , 000.00 `
15,000-00
545 , 000.00
1973
6009000000
409000.00
159000,00
5459000.00
1974
2859000.00
409000.00 j
2459000.00
1975
145,000.00
409000.0
1059000.00
1976
1059000.00
;
1059000.00
1977
1059000.00
105,000.00
1978
659000.00
65,000.00
1979
65,000.00
65,000.00
TOTAL
$109440,000.00
$4009000,00
$1359000,00
$65,000,00
$8,440,000,00
$1,200,000.00
$2009000.00
-55-
ASSETS
CURRENT ASSETS
Cash:
Demand deposits
Appropriated funds
Investments:
United States Government securities - at cost
Less amount segregated and shown below
Accounts receivable:
From customers
Due from other funds
Inventories.:
Meters - at cost
Supplies - estimated
Prepaid insurance
OTHER ASSETS
Segregated investments - reserve for debt
retirement
FIXED ASSETS - Note A
Land
Land improvements
Buildings and equipment
Less allowance for depreciation
Construction in progress
* Indicates red figure.
63,276.97
57,631.75
26,664.71
13,284.43
6,410.68
1,750.00
TOTAL CURRENT ASSETS
$ 119556.26
5.076'.689.88,
5,0889246.14
903,128..07
$ 27,556.38
1.1,185:,118.07
302,498.44
WATERWORKS
BALANCE
VILLAGE OF
December
$ 8,792.46*
18,821.38
10,Q28.92
5,645.22
3%9/0-14
8,160.68
17.
64,101.75
57,631.75
4.515.172.89
$496369906:.39
FUND
SHEET
EDINA
31, 1964
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
kCT 11 10
TOTAL CURRENT LIABILITIES
800,000.00,
33.000.00
26,814.42
96.16
5'.x.34
32, 049 ..92
144..60
33.000.00
65,194.52
$ 7672000.00
Invested in fixed assets 710,343.58
Revaluation of fixed assets - Note A 289013.50
Contributed by special assessments -
Note A 29964,148.01+
Contributed by General Fund 12,667.77 $3,: 71 5, 172..$9
Earned:
Appropriated 76,453.13
Unappropriated 13,085 85 39804:,711.87
See notes to balance sheet.
$496369906.39
-56-
WATERWORKS FUND
NOTES TO BALANCE SHEET
VILLAGE OF EDINA
December 31, 1964
Note A - The original utility purchased in 1947 is carried at amounts based on appraisal at
time of acquisition. Subsequent purchases are carried at cost. Watermains for
which the benefited property owners have been assessed are carried at construction
cost with contra - credit to surplus contributed by special assessments. Each of the
afore - mentioned amounts has been reduced by the depreciation thereon charged to in-
come which has been transferred to earned surplus.
Note B - The annual maturities, due dates and interest rates are as follows:
Annual maturities and interest dates
Interest rates
Annual amount of maturities:
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1947 Issue 1953 Issue_
March 1 and March l and
September 1 September 1
2.75%
$10,000.00
10,000.00
10,000.00
2.75%
$ 5,000.00
10 ,000.00
10 , 000.00
$30,000.00 $25,000.00
Bonds maturing after September 19 1957 of the 1947 issue shall be subject to redemp-
tion 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 interest 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 accrued in-
terest, plus a premium of $10.00 for each bond redeemed; and in inverse order of
their serial number. Thirty days prior notice must be given to bondholders.
i
( 1955 Issue
1959 Issue 1963 Issue Total
March 1 and March 1 and
September 1 September 1
2.30% and
2.50%
$ 10,000.00
10 ,000.00
10,000.00
30,000.00
30,000-00
209000-00
I
I
,I
$110,000.00
2.80 %, 3.10 %,
3.40% and
3.50%
$
8,000.00
8,000.00
8 ,000.00
8 ,000.00
8,000.00
15,000.00
35,000.00
35,000-00
35,000.00
35,000.00
40,000.00
$235,000.00
June 1 and
December 1
2.50 %, 2.80 %9
3.00 %9 3.20%
and 3.30%
$ 10,000.00
10,000.00
10,000.00
10,000.00
10,000.00
20,000.00
209000-00
209000-00
20 ,000.00
20,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50,000-20-
$4009000.00
33,000.00
48,000.00
48,000.00
48,000.00
48,000.00
45,000.00
55,000.00
55,000.00
559000-00
55,000.00
609900.00
50,000.00
50,000-00
50,000-00
509000-00
50.000.00
$800,000-00
-57-
WATERWORKS FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1964
Balance at January 1, 1964
Additions:
Watermains contributed by special
assessments
Net income for year
Transfers:
Provision for depreciation
Bonds retired
Additions to fixed assets, less
carrying value of disposals
Decrease in appropriation of funds
for reserve for debt retirement
Balance at December 31, 1964
* Indicates red figure.
Earned Surplus
Total Unappropriated Appropriated
$3,299,793..16 $187,916.52 $77,536.25
472,964.11
31,954.60,
504,918.71
$3,804,711.87
$3,804,711.87
$ 31,954.60.
31.954-6-Q
219,871.12
121,656.36
33,000.00*
296, 524.75,1
1,083.12
$ 13,085.85
$77,536.25
1,083.12
$76,453.13
Invested Contributed Contributed
in Fixed by by
Assets Assessments General Fund Rev4luation
$4379441.51 $295551,208.02 $12,995.38 $28,695.48
$4379441.51
56;622.68#
33;000.00.
296,524.75
.$7101,343.58
472,964.11
� 472,964.11
$3,028,172..13
.64,024.09.#
$219641148.04
$12,995.38
327.61#
$12,667..77
$28,695.48
681.98#
$289013.50
-58-
WATERWORKS FUND
STATEMENT bF INCOME AND EXPENSE
VILLAGE OF EDINA
Per Cent to
Year Ended December 31 Increase Gross Income
1964 1963 Decrease* 1964 1963
Number of meters in use:
At end of year 79032 6,511 521
At beginning of year 6,511 6,218 293
Income:
Sale.of meters
$ 23,740,00
22,995.00.
745.00
Less cost of meters sold
18,803.55
19,359.83
556.28
GROSS PROFIT ON METERS
$ 49936.45
39635.17
$ 19301.28
Water sales
2759001.15
231,814.36
43,186.79
Penalties
4,591.24
4,069.59
521.65
Water connection permits
2,396.00
29156.00
240.00
Tapping fees
158.00
239.00
81.00*
Street opening fees
74.00
74.00#
Use of hydrants
10,534.24
9,041.02
1,493.22
Miscellaneous
400.53
209.29
191.24
$298,017.61
$251,238.43
$469779.18 100.00% 100.00%
Expenses:
Pumping:
Labor
$ 59497.80
$ 59345.87
$ 151.93
Power and light
29,968,83
25,022.77
1+,946006
Supplies and repairs
352,95
335.30
17.65
Buildings:
Labor
4,229.78
3,489.11
740.67
Fuel
1,886.15
1,193.94
692.21
Supplies
584.95
776.35
191.40#
Telephone
201.00
201.00
Repairs
109.73
97.94
11.79
Insurance
360.60
!,1,.0.93
80.33#
Water purchased
513.25
474.75
38.50
Provision for depreciation
189534.43
15,152.57
3,9381.86
Repairs
m
1,549.43
1 .
$ 629239.47
$ 54,079.96
$ ,159.51 20,89; 21.53%
Distribution:
Labor
$ 11,476.71
$ 10,213.70
$ 1,263.01
Materials and supplies
3,104.17
19994.38
1,109,79
Operation of meters:
Labor
3,758.29
39175.15
583.14
Supplies and expenses
695.35
755.27
59.92*
Provision for depreciation
69,149.38
60,959.31
8,190.07
Repairs
5,635.41
283.78
5.351.63
$ 93,819.31
$ 77,381.59
$16,437°72 31.48 30.80
-59-
WATERWORKS FUND
STATEMENT OF INCOME AND EXPENSE (Cont'd)
Per Cent to
Year Ended
December 31
Increase
Gross Income
1964
1963
Decrease*
1964 1963
Expenses (t ont °d):
Tanks, towers and reservoir:
Labor
68.89
$ 133.26
64.37*
Power and lease lines
1,719.81
1,663.01
56.80
Painting - tanks and towers
-
16,500.00
169500.00*
Supplies
36.00
157.37
121.37#
Provision for depreciation
22,652.25
22,652.25
-
Insurance
341.60
342.98
1.38*
$ 249818.55
$ 419448.87
$ 169630.32*
8.33% 16.50%
Water treatment:
Labor
$ 511.13
$ 1,115.63
$ 604.50#
Supplies
12,473.62
10,247.20
2,226.42
Provision for depreciation
8,572.67
69296.90
2,275.77
$ 219557.42
$ 17,659.73
$ 39897.69
7.23 7.03
Vehicle operations:
Allocated from equipment pool
$ 49740,00
$ 4,116.00
$ 624.00
Provision for depreciation
29097.50
2,078.98
18.52
$ 69837.50
$ 69194.98
$ 642.52
2.29 2.47
Administrative and general:
Salaries:
Superintendent
$ 8964090
$ 8,191.51
$ 449039
Clerical
39947.70
49066.00
118.30*
Meter reading
39970.81
39872.14
98.67
Meter reading supplies
13.83
12.48
1.35
Office supplies, postage,
telephong;'hospitalization,
et cetera
69300.00.
4,980.00
19320.00
Supervision
39900.00
3,900.00
-
Provision for depreciation
650.13
603.65
46.48
Professional services
1,629.08
1,150.00
479.08
Supplies and expenses'
863.05
. 496.19
366.86
Building rental
420.00
300.00
120.00
$ 30,335.50
$ 27,571.97
2,763.53
10.18 10.96
TOTAL EXPENSES
$239 ,607.75
$2249337.10
$15,270.65
80.40% 89.29%
OPERATING INCOME
$ 589409.86
$ 26,901.33
$31,508:53
19.60% 10.71%
Income on investments
5,583.13
819.95
4,763.18
1.87 .33
$ 639992.99
$ 279721.28
$36,271.71
21.47% 11.04%
Other deductions:
Interest on bonds
$ 319107.14
$ 14,151.83
$169955.31
Fiscal agent service charge
109.10
78.92
30.18
Cost of fixed assets retired
822.15.
400.03
422.12
Cost of bond sale
662.00.
662.00*
$ 329038.39
$ 159292.78
$16,745.61
10.75 6.09
NET INCOME
$ 31,954.60
$ 12,428.50
$19,526.10
10.72% 4.95%
Depreciation charged to opera-
tions included in expenses
$1219656.36
$107,743.66
$139912.70
WATERWORKS FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 319 1964'
Balance at January 1, 1964
Additions:
$ 29,721.84
Collections on accounts receivable
$279,614.46
Collection on amount due from other
funds
9,041.02
Investments sold
254,297.86
Income on investments
5,583.13
Sundry sales and services
2,980.60
Sale of water meters
23,740.00
Decrease in prepaid insurance
66.60
Other
92.00
575,415.67
$605,137.51
Deductions:
Payment to fiscal agents:
Principal
$ 33,000.00
Interest
25,623.25
Service charge
109.10
$ 58,732.35
Meters purchased
15,023.07
Additions to fixed assets
$770,403.01
Less contributed by special assessments
472,964.11
297,438.90
Due from other funds
2,750.19
Decrease in amounts payable:
Balance at January 1, 1964:
Trade accounts
$ 65,259.17
Accrued payroll
965.73
Due to General Fund
766.00
$ 66,990.90
Balance at December 31, 1964:
Trade accounts
$26,814.42
Accrued payroll
96.16
Due to General Fund
144.60
27,055.18
39,935.72
Investments purchased
63,276.97
Operating expenses
$239,607.75
Less provision for depreciation
121,656.36
117;951.39
595 ,108.59
Balance at December .31, 1964 $ 10,028.92
Summary:
Operating Fund $ 8,792.463E
Sinking Fund 18,821.38
TOTAL $10,028.92
as Indicates red figure.
—61—
i
WATERWORKS FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31,'1964
A s s et Allowance for Depreciation
Ba.lanc,e...
Balance , .. Balance ... B,a` "nce .. Net B, la e
a nc •
January 1, December 31, January 1, Dec am�er 31, December 31,
1964 Additions Deductions Transfers 1964 • „- 1964 Additions Deductions 1964 1964
Land $ 27,556:•38 279,556.38 - 279556.38
Land improvements 99962.75 $ 830.51 , 763.00 119556.26 2072.48 $ 430.94 21803.42 89752.84
Distribution system:
Purchased $ 239,883.60 2391883.160 869280.21 0 4,797.•68 $ 91,077.89 '148,805.71
Contributed by special assessments 2,965.,170..45 $472,9.64.11 3,438,134.56 409,962.43 64,024.09 473,986.52 29964,148.04
Contributed by General Fund i 16.3$0.66 _ 16 80.66 3,4 5.28 .61 12. 12.667.77
1392212434.71 0472,964.11 _ 3, 4,398.82 04999,627-92 .69,].49.3 5689777.30 3,125,621.52
Buildings and equipment:
Pumphous.es $ 141,169.02 659104.40 206,273.42 $,279596.20 $ 6,948.83 $ 34954503 $ 1719728.39
Wells 1303946.64 57,606.81 188,553.1.,5 459992•20 6,390.21 52,382.:41 136,171.04
Pumps and piping 76,689.29 $ 940,00 369260.49 . 113,889.78 45,656.45 4,764.45 509420.90 63,468.,88
Tanks., towers and reservoir 566,278.84 5669278.84 . 131,100.42 22,652.25 153,752.67 412,526..17
Office. equipment 3,108.65 3,10$.65 2,,346...50 153.50 20500.00. 608.65
Miscellaneous equipment 11,274.43 578.9$ ;! 119$53.41 2,616.43 1,.021.63 3,63$.06 89215.35
Water treatment equipment 136,7.61.11 927.:00 $1,662.13 114,93$•9$ 250,964.96 1$,307.6$ 7,930.95 X747.9$ 25,490,65 225 474-31
Automobiles and trucks 8,932.46 8,932.46 4,999.11 1,572.50 6,571.61 2,360,.$5
Storm sewer 32,086.09 I 32,086.09 19604.30 641.72 2,246.02 299840,07
Tools 0.00 t 350.00 50 00
$1,107,596.53 2. t 8, 1.66211 0 .2 0 280 21 ..2 o 0 $ 15 1 0 0
4 366 550.37 47 ,240.60 #1,662.13 $274,6.3. 85,115,802.52 782,219. 01219656-36 747.9$ 903,128.07 4,21x,674.45
Construction in progress 2$3.009.71 294.1629,41 274.6 . I r 7 4 -
02.498
. ,
-
# Indicates red figure:
TOTAL $4,649,560.08 $7701403.01 $1,662.13' - $5,418,300.86 $7829219.69 $1219656.36 $747..98 $903,128..07 $49515,172..89
SEWER RENTAL FUND
BALANCE SHEET
VI.LLAGE OF EDINA
December 31,: 1964
ASSETS
CURRENT ASSETS
Cashs
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 allowances for depreciation
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Trade accounts payable
Accrued payroll
Due to General Fund
Due to City of Richfield
SURPLUS.
Invested, in fixed assets
Earned — surplus deficit (deduction)
$ 6,096.01
24,346,47
$17,,740.06
689.76 18.429.82
TOTAL CURRENT ASSETS $451872.30 .
$ 3,416.59
1,8.17.33
4,- 547.86
.11
35,517.;89
185.49 16.D22.40
$641,904,.70
$66,348.61
94.64
71.66
270.46
TOTAL CURRENT LIABILITIES $66,755.37
$16,,032.40
( 17.913.07) ( 1.880.67)
$64;904.70
-63-
SEWER RENTAL FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1964
Balance at January 1, 1964
Deductionss
Net loss -for year
Transfers:
Provision for depreciation
Additions to fixed assets
Balance at December 31, 1964
*Indicates red figure.
Invested
in Fixed
Available Assets
$ 9,171.53* $16,818.52
9.527.66'f
189699.19#
2,854.13
2.068.01*
786.12
16,818.52
$ 2,854.13*
2.0 8.01
786.12#
$17,913.07# $16,032.40
-64-
SEWER RENTAL FUND
STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
Year Ended December 31 Increase
1964 1963 Decrease*
Operating incomes
Service charges and penalties $101,930.65 $ 959863.40 $ 69067.25
Expenses:
Operating:
Sewer maintenance and
- treatment
Labor
Supplies..
Repairs
Water
Power
Provision for depreciation
Other
Vehicle operation:
Allocated from equipment pool
Provision for depreciation
Administrative and general:
Clerical and supervision
Auditing
Supplies, telephone, postage
and retirement
Building rent
Provision for depreciation
Professional service
TOTAL EXPENSES
OPERATING LOSS
Other income:
$ 569089.88
26,154.42
6,762.89
1,154.94
100.00
3,051.90
2,374.84
66-30
95,755.17
$ 51,048.05
24420.98
4,760.95
1,609.83
300.00
3,153.40
2,136.65
$ 87,429.86
$ 5,041.83
1, 73344
2,001.94
454.89#
200.00#
101.50#
238.19
66.30
8,325.31
Per Cent to
Operating
Income
1964 1963
100.0% 100.0
93.9% 91.2%
$ 39480.00 $ 2,940000 $ 540.00
297.57 335.17 37.60#
$ 3,777.57 $ 3,275.17 $ 502.40 3.7 3.4
$ 5,352.00 0 5,205000 $ 147.00
300.00
300.00
-
5,281.08
3,780.00
1,501.08
276.00
180.00
96.00
181.72
179.01
2.71
606.40
606.40
$ 119997.20
$ 9.644.01
2,353-19 11.8 10.1
$1119529.94
$100,349.04
$11,180.90 109.4% 104.7%
$ 99599.29
$ 4,485.64
$ 5,113.65 9.4% 4.7%
Income on investments $ 54.30 $ 569.97 $ 515.67*
Miscellaneous 17.33 413.56 396.23#
$ 71.63 8 98363 $ 911.90# .1
NET LOSS $ 99527.66 $ 3,502.11 $ 6,025.55 9.3%
Depreciation charges to operations
included in expenses $ 29854.13 $ 2,650.83 $ 203.30
1.0
3.7%
-65-
SEWER RENTAL FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1964
Balance at January 1, 1964
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
Payables at January 1, 1964:
Trade accounts
Payroll
Less payables at December 31, 1964:
Trade accounts
Payroll
Due to General Fund
$1009860.75
244.05
24,945.70
54.30
17.33
$1119529.94
2,854.13 $108,675.81
24,346.47
2,068.01
13.95
$ 539948.68
883.86 54.832.54
189,936.78
$ 3,395.75
126 122.1
129,517.88
$ 66,348.61
94.64
11.66 66,514.91 123.421.87
Balance at December 31, 1964 $ 69096.01
SEWER RENTAL FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1964
ASSETS
Land improvements
Furniture and fixtures
Trucks
Equipment
ALLOWANCES FOR DEPRECIATION
Land improvements
Furniture and fixtures
Trucks
Equipment
NET BALANCE
Balance
January 1,
1964
$ 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
$16,818.52
$2,854.13 $19,485.49
$16,032.40
-67-
Balance
December 31,
Additions
1964
$ 265.01
$ 39416.59
1,817.33
19300.00
49547.86
503.00
25.736.11
$29068.01
$359517.89
$ 131.36
$ 770.06
181.72
19150.41
297.57
39377.86
2,243.48
14,187.16
$2,854.13 $19,485.49
$16,032.40
-67-
LIQUOR DISPENSARY FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1964
ASSETS
CURRENT ASSETS
Cash:
Demand deposits
Deposits in transit
Working funds
Investments:
Village of Edina - Waterworks Revenue
Bonds of 1959 - 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 TO 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
Due to General Fund
SURPLUS
Invested in fixed assets
Available
* Indicates red figure.
71158.95*
23,730.78 16,571.83
3,000.00 199571.83
26,819.57
311:67 27,131.24
$259,002.39
37,868.67
8,883.79
2,005.43 3079760.28
$ 2,857.57
400.00 3.2 7.57
TOTAL CURRENT ASSETS $357,720.92
185 ,000.00
$ 16,500-00
3,412.66
759331.92
43,697.01
28.172.74
150,614.33
70,088.07 80,526.26 97,026.26
TOTAL CURRENT LIABILITIES
$ 97,026.26
488,756.17
$6399747.18
$ 50 ,168.64
3,694.35
101.76
53,964.75
585 ,782.43
$639,747.18
LIQUOR DISPENSARY FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1964
Invested
in Fixed
Total Available Assets
Balance at January 1, 1964 $511,230.93 $431,821.72 $799409.21
Additions:
Net income for year 284,476.50 284.476 . 0
795,707.43 $716,298.22 79,409.21
Deductions:
Transfer
to General Fund
75,931.00
75,931.00
Transfer
to Park Fund
49,069.00
49,069.00
Transfer
to Park Construction Fund
110,500.00
110,500.00
Transfer
from Golf Course Fund
25,575.00*
2 7 .00*
K209,925-00
ffi585,782.43
$209,925 .00
X506,373.22
799
409.21
Transfers:
Additions to fixed assets _ 269360.98* 26,360.98
Provision for depreciation T _ 8,743.93 8,743.93#
Balance at December 31, 1964 $585,782.43 $4889756.17 $979026.26
* Indicates red figure.
LIQUOR DISPENSARY FJJND
STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
Sales:
Liquor
Wine
Beer
Mix and miscellaneous
Less bottle refunds
NET SOLES
Cost of sales:
Inventory at Januar.y lst
Purchases
Inventory at December 31st
GROSS MARGIN
Operating expenses:
Selling
Occupancy
Administrative
TOTAL OPERATING EXPENSES
NET OPERATING INCOME
Other income:
Cash discount
Cash over or (under)
Other
Income on investments
Depreciation and amortization
included in expenses
* Indicates red figure.
Year Ended December 31 i Per Cent to Net Sales
1 9 6 4 1963 Increase 1 9 6 4 1963
50th Street Southdale Grandview A Total Total Decrease* 50th Street Southdale Grandview A Total Total
$605,722.69 $549,032.97 $22,614.39 $1,177,370.05 $1,0799788.18 $ 97,581,87
89,905.26 90,909.55 5,360.48 186,175.29 165,102,76 21,072.53
142,388.07 999191.86 3,429.90 245,009.83 216,053,13 289956.70
15,892.57 10,382.82 727.64 27,003.03 22,546.22 4,456.81
$853,908,59 $749,517.20 $329132.41 $19635,558.20 $1,483,490.29 $152,067.91
1,395.85 1,305.2 59 96 2 761.0 2.539-10 221.
$852,512.74 748,211.97 $32,072.45 1,632;797.16 1,480,951.19 151,845.97 100.00% 100.00% 100.00% 100.00% 100.00%
i
$138,476.41 $116,493.36 $ 254,969.77 $ 270,247.35 $ 15,277.58#
638.068.87 559,160.48 79.317 41 1 776,545.28 $675,653.84 79,317.41 1,536,516.76 ; 1 0 789.91 181,756.85
53 19365,037.26 $166,479.27
134.469-55 117.725-42 55,565 07 760.28 , 254.969.77 52,790.51
§642,075-73 1557,928.1 .08 $1,2 2 3,756.25 1 110 067. 11 688.76 75.32 74-57 74.06 7 74.96
210,437.01 190,283.53 89320.37 409,040.91,, 370,883.70 8 389157.21 24.68 25.43 25.94 25.05% 25.04%
,
$ 33,956.84 $ 299161.70 $ 2,436.05 $ 65,554.59 $ 58,404.29 $ 7,150.30- 3.98% 3.90% 7.6o% 4.01% 3.94%
129770,52 199896.38 3,563.88 36,230.78 29,392.83 6,837.95 1.50 _ 2.66 11.11 2.22 1.99
17,797.86 14,814-97 8 6. 6 .22 28 6 .06 4.834-16 2.0 1.98 2.67 2.0 1.93
6 .525.22 j 63,873-02 S-6 8 6. 2 135,254.59 116 2.18 18.822-41 7.57% 8.5 21.38% 8.28% 7.8
$145,911.79 $1269410.48 1,464.05 2739786.32 i 254,451.52 19,334.80 17.11% 16.89% 4.56% 16.77% 17.18%
3,163.50 29806.55 422.16 6,392.21 i 5,480.37 911.84 .37 .38 1.32 .39 •37
130.49 91.70 ( 1.50) 220.69 225.82 5.13* .02 .01 .O1 ..01
195.39 195.39 102.71 92.68 .02 .01 .O1
$1499401.17 $129,308.73 $ 1,884.71 $ 280094.61 $ 260,260:42 $ 20,334.19 17.52% 17.28% 5.88% 17.18% 17.57%
3,881.89 I 14998.48 1,883.41
NET INCOME $ 284,476.50 $ 2629258.90 $ 22,217.60
$ 5,534.44 $ 21323.15 $ 886.34 $ 8,743.93
Note A - The Grandview store was opened on November 23, 1864
$ 7,718.46 $ 1,025.47
-70-
i
LIQUOR DISPENSARY FUND
OPERATING EXPENSES
°
VILLAGE OF EDINA
134.11*
199.54
i
315.48
29318.03
Salaries and wages
$ 44.06
$ 237.42
$ 243.69
Year
i
Ended December
31
180.00
60.00
13,779.24
1,325.00
1 9
6 4
13,124.26
_Rent
Telephone
1 9 6
3
49.96
50th Street
Southdale
Grandview A
Total
50th Street
Southdale
Total
Selling:
124.24
214.61
Light and power
1;660.75
1,143.87
159.05
2,963.67
Salaries and wages
$32,652.84
$27,852.74
$2,242.31
$ 62,747.89
$31,879.61
$23,819.35
$ 55,698.96
Supplies
1,227.50
1,116.28
193.74
2,537.52.
1,161.16
1,030.80
29191.96
Licenses and dues
76.50
12.50
15.23#
89.00
59.00
59.00
118.00
Pro -rata promotion
1,608.00
180.18
.234.23
180.18
119.64
$2,158.17
180.17
180.17
Service contracts
6 28.635.06
-
102.40
112.80
215-20
$ 49367.57
$33,956.84
$29,161.70
$2,436.05
$ 65,554.59
$33,202.17
$259202.12
8 589404.29
Occupancy:
807.51
134.11*
199.54
250.05
315.48
29318.03
Salaries and wages
$ 44.06
$ 237.42
$ 243.69
$ 525.17
$. 85.29
$ 92.75
180.00
60.00
13,779.24
1,325.00
15,104.24
810.00
13,124.26
_Rent
Telephone
324.30
270.00
49.96
644.26
322.53
265.22
Supplies
184.65
139.28
356.95
680.88
124.24
214.61
Light and power
1;660.75
1,143.87
159.05
2,963.67
1,633.04
1,282.39
Heat
- Property taxes
Laundry
Burglar alarm
Insurance
Repairs and maintenance
Depreciation
Rubbish hauling
Janitorial services
Miscellaneous.
Painting
Administrative:
Salaries and wages
Supplies
Professional services
Allocated expense retirement,
insurance, office supplies, etc.
Miscellaneous
TOTAL
504.50
444.18
150.00
1,476.41
656.45
5,534.44
420.00
690.00
255.78
425-00
12,770.52
$12,784.49
684.90
1,001.27
3,240.00
87.20
$17,797.86
$64,525.22
227.40
1,252.03
216.49
2,323.15
240.00
60.00
7.50
$19,896.38
$10,475.32
604.80
851.33
2,568.00
315.52
$14,814.97
$63,873.05
Note A - The Grandview store was opened on November 23, 1964.
105.22
31.34
86.28
250.05
886.34
25.00
45.00
3,563.88
$. 770.84
8
86
$6,856.32
609.72
702.92
150.00
2,814.72
i(4
1,122.99
8,743.93
685.00
795.00
263.28
425.00
$ 36,230.78
$ 24,030.65
1,289.70
1,852.60
5,808.00
88.27
T-35,469.22
$135,254.59
i
i
477.67
367.54
150.00
579.37
790.56
5,400.43
240.00
690.00
116.55
10,977.22
$12,325.00
266.00
1,008.91
2;340.00
8.
$15,978.26
$60,157.65
169.16
189.70
418.94
$ 178.04
13,124.26
587.75
338.85
2,91543
477.67
169.16
557.24
150.00
998.31
$ 773.23
66.34
17.50
102.40#
$ 754.67
$ 41.23#
1.77
60.41
27.71
26.83
76.64
897.04
Increase - Decrease*
Southdale Grandview
$49033.39 $2.,242.31
85.48 193.74
46.50#
.O1
112.80*
$39959.58 $2,436.05
Tota 1
7,048.93
345.56
29.00#
.O1
215.20#
$ 7,150.30
$ 144.67 $ 243.69 $ 347.13
654.98 1,325.00 1,979.98
4.78 49.96 56.51
75.33# 356.95 342.03
138.52# 159.05 .48.24
105.22
169.16*
37.70 31.34
833.09 86.28
132.05
169.16*
145.68
1,816.41
16.95
807.51
134.11*
199.54
250.05
315.48
29318.03
7,718.46
134.01
5.12
886.34
19025.47
180.00
420.00
180.00
60.00
25.00
265.00
120.00
810.00
60.00#
45.00
15.00*
23.60
140.15
139.23
16.10
123.13
18,415.61
j 29,392.83
1,793.30
$1,480.77
$3,563.88
6,837.95
$ 9,580.00
$ 21,905.00
$ `.459.49
$. 895.32
$ 770.84
$ 2,'125.65
162.00
428.00
418.90
442.80
861.70
858.92
19867.83
7.64*
7.59*
15.23#
1,860.00
49200.00
900.00
708.00
1,608.00
195.88
.234.23
48.85
$ 1,819.60
119.64
$2,158.17
85.55
8 6.
254.04
$ 4.834.16
$12,656.80
6 28.635.06
$569274.53
$116,432.18
$ 49367.57
$7,598.52
$69856.32
$189822.41
-71-
LIQUOR DISPENSARY FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1964
Balance at January 19 1964
Additions:
Gross sales
Sale of investments,
Cash discounts
Interest received on investments
Other revenue
Increase in liabilitiess
Balance at December 31, 1964s
Trade accounts
Accrued payroll
Due to General Fund
Balance at January 1, 1964:
Trade accounts
Accrued payroll
Deductions:
Merchandise purchased
Bottle refund
Operating expenses
Less depreciation included therein
not requiring cash
Transfers:
General Fund
Park Fund
Park Construction Fund
Investments purchased
Additions to fixed assets
Loan to Golf Course Fund
Increase in prepaid expenses
Increase in working funds
$1,635,558.20
198,716.38
69392.21
3,549.24
416.08
$ 50,168.64
3,694.35
101.76
53,964.75
7,418.94
$16,489.25
2,540.77 19,030.02 34,934.73 1.879.566.81
1,8860985.78
$135,254.59
8,743.93
$ 75,931.00
49,069.00
110,500.00
$1,276,546.76
2,761.04
126,510.66
235,500.00
100,000.00
26,360.98
99,425.00
2,309.51
1,000.00
Balance at December 31, 1964
1,870,413.95
$ 16,571.83
—72—
LIQUOR DISPENSARY FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1964
$140,753.35 $26,360.98 $167,114.33
ALLOWANCE FOR DEPRECIATION
Balance
Balance
January 19
December 31,
1964
Additions 1964
ASSETS
$ 139.93
$ 1,142.97
Land
169500-00
169500-00
Land improvements
3,412 66
3,412.66
Building
75,331.92
75031.92
Furniture, fixtures and equipment
28,668.34
$15,028.67 43,697.01
Leasehold improvements
16,840.43
11,332.31 28,172.74
$140,753.35 $26,360.98 $167,114.33
ALLOWANCE FOR DEPRECIATION
AND AMORTIZATION
Land improvements
$ 1,003,04
$ 139.93
$ 1,142.97
Building
32,865.77
3,900.73
36,766.50
Furniture, fixtures and equipment
15,906030
2,884.32
18,790.62
Leasehold improvements
11,569.03
1;818.95
13,387.98
$ 61,344.14
$ 89743.93
$ 70,088.07
NET BALANCE
$ 79,409.21
$ 979026.26
if
-73-
Fund:
General:.
Current
Poor:
Current
Park:
Current
Swimming Pool:
Current
Golf Course:
Current
Park Sinking:
For bonds and interest
Park Constructions
For construction
Improvement:
Current
For-bonds and interest
For construction
Waterworkss
Current
Appropriated
Sewer Rental:
Current
Liquor Dispensary:
Current
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, 1964
Demand and
Time For
Deposits Deposit
$ 97038.35
4,609.58
25,795.06
1,419.50.
12,821.81
19,108.86
37,828.02
$ 679350.61
175,308.17
208 563.07*
34,095.71 6
# 8,792.46*
18 821. 8
109028092
6,096.01
7,158.95* 23,730.78
TOTAL $2419,982.87 $23,730.78
Working
Funds Total .
600.00
97,938.35
4,609.58
-25,795.06
1,419.50
150.00
12,971.81
19,108.86
37,828.02
$ 67,350.61
175,308.17
208.563.07*
34,095.71
$ 8,792.46*
18.821.38
10,028.92
6,096.01
3,000.00
19.571.83
$3,750..00
$269,463.65
$121,897.54
58,995.31
34.820.80
62159713.65
50,000.00
3,750.00
$269,463.65
—74—
SECURITY FOR DEPOSITS
VILLAGE OF EDINA
December 31, 1964
First Edina National Bank — demand deposit
First Southdale National Bank_— demand deposit
Midland National Bank — demand deposit
Franklin National Bank — certificate of deposit
TOTAL
TOTAL
TOTAL
TOTAL
Deposits
Book Bank
$121,897.54 $373,981.79
$121,897.54 $373,981.79
$ 58,995.31 $ 68,432.27
$ 58,995.31
$ 34,820.80
$ 34,820.80
$ 50,000.00
$ 50,000.00
$ 68,432.27.
$ 34,820.80
$ 34,820.80
$ 50,000.00
$ 50,000.00
Securitv for Deposits
Principal
Amount
Description
-Due Date
$200,000.00
United
States Treasury notes
February
15,
1967
10,000.00
Federal
Deposit Insurance
$210,000.00
$ 10,000.00
Village
of Edina Improvement
bonds
March
1,
1966
10,000.00
Village
of Edina Improvement
bonds
Marche
1,
1967
5,000.00
Village
of Edina Improvement
bonds
September
1,
1970
5,000.00
Village
of Edina Park System
bonds
March
1,
1972
50,000.00
Federal
Home Loan Bank notes.
September
15,
1965
100,000.00
United
States Treasury notes
November
15,
1965
509000.00
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
Federal
Deposit Insurance
$440,000.00
1
$125,000.00
United
States Treasury notes
August
15,
1966
10,000.00
Federal
Deposit Insurance
$135,000.00
$ 50,000.00
United
States Treasury bonds
November
15,
1971. _
10,000.00
Federal Deposit Insurance
$ 60,000.00
i
1 —75—
INVESTMENTS
VILLAGE OF EDINA
December 31, 1964
Description
Maturity
Interest Rate
Face Amount
United States Treasury bills.
January 219 1965
Discounted
$ 2009000.00
do
February 28, 1965
do
9009000.00
do
June 30, 1965
do
2509000.00
do
July 319 1965
do
200,000.00
do
August 31, 1965
do
975,000-00
29525,000.00
Village of Edina, Minnesota:
1955 Improvement Bonds
March 19 1977
2.90%
$ 25,000.00
1957 Improvement Bonds
March 1, 1974 to
1979
3.90
319000.00
1958 Improvement Bonds
March 19 1966 and
.1967
2.70
10,000.00
1959 Improvement Bonds
June 1, 1966 to 1969
2.75 to 3.75
299000.00
1960 Improvement Bonds
September 1, 1970
3.30
329000.00
1962 Improvement Bonds
December 1, 1969
and 1970
2.70
259000.00
1957 Park Bonds
March 1, 1968
and 1970
3.70
69000.00
1962 Park Bonds
December 1, 1969
and 1970
2.70
20,000.00
1955 Waterworks Revenue Bonds
March 1, 1965 to
1970
2.30 and 2.50
15,000.00
1958 Waterworks Revenue Bonds
September 1, 1971
and 1974
3.40 and 3.50
27,000.00
Municipal State —Aid Street Bonds
June 15, 1966 and
1967
2.50
200.000-00
420,000.00
Land investments
23,048.92
TOTAL
$29968,048.92
FUND OWNERSHIP
Face
Carrying
Amount
Amount
December 31,
December 319
1964
1964
Improvement Funds
$2,591,768.00
$2,591,768.00
General
889280.92
.889280.92
Poor
15,000.00
159000.00
Golf Course
1009000.00
1009000.00
Park Sinking
40,000.00
40,000.00
Park Construction
169000.00.
169000.00
Waterworks
65,000.00
639276.97
Sewer Rental
25,000.00
249346.47
Liquor Dispensary
27,000.00
27,131.24
TOTAL
$2,9689048.92
$29965,803.60
-76-
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
December 31.
1964 1963
$33,6669989.00 $31,916,098.00
2.300,415.00 2.300,5MOO
TOTAL $35,967,404.00 $34,216,678.00
TOTAL
TOTAL
1964
1965
$ 8589073.70
71,925.71
66,890.91
12,227.37
3,596.29
10,788.86
5,034.80
$ 19028,537.64
23.86
2.00
1.86
.34
.10
.30
..14
28.60
1963
1964
$ 771,928.26
68,775.52
67,064.68
12,318.00
99238.50
10,607.17
5,132.50
$ 945,064.63
22.56
2.01
1.96
.36
.27
.31
.15
27.62
—77—
MUNICIPAL COURT FINES
VILLAGE OF EDINA
Year Ended December 31, 1964
Fines and costs imposed and collected:
Balance uncollected January 1, 1964
Fines and costs imposed
Collection by Clerk of Court
Fines suspended or discharged
Balance uncollected December. 31, 1964
$59,881.84
3,991 1
863,873-12
$ 355.00
$264.00
26 .00
$60,145.84
3,991-3.1
$64,137.15
$ 355.00
—78-
State
and
Village
County
Total
$ 275.00
$ 275.00
63,953-15
64,228.15
26 .00
264.00
64.217-15
64,492.15
$59,881.84
3,991 1
863,873-12
$ 355.00
$264.00
26 .00
$60,145.84
3,991-3.1
$64,137.15
$ 355.00
—78-
OFFICIAL BONDS
VILLAGE OF EDINA
December 31, 1964
Position
On file with Clerk— Treasurer:
Blanket position
Blanket position
On file with Secretary of State:
Clerk of Municipal Court
Deputy of Municipal Court
On file with County Auditor:.
Assessor
* Municipal Court terminated as of December 31, 1964
I
i
i
Name ,Term Expires
Police department employees
All Village employees not otherwise
required by law to be specifi-
cally bonded j
Dorothy Frazier Indefinite *
Kathryn B. Beard Indefinite *
Donald Kearns December 31, 1965
,1
j
Bond Expires Amount
February 28, 1967 5,000.00
February 28, 1,967 $50,060.00
November 9,1964 $ 1,000.00
June 11, 1966 $ 1,060.00
January 1, 1965 $ 500.00
i
Surety
American Casualty Company
American Casualty Company
The Aetna Casualty and Surety Company
General Insurance Company of America
The Aetna Casualty and Surety Company
— 79—
INSURANCE COVERAGE
VILLAGE OF EDINA
December 31, 1964
Automotivee
Bodily injury $500 19000,000
Property damage 100,000
Comprehensive Actual cash value
Village liquor stores:
Fire
and
Comprehensive glass breakage
Actual(B)
Extended
Coverage
11,000,000(B)
Business interruption
Building
Contents
Other
Building and contents:
799800
Business interruption
- Grandview
Village Hall
$405,000
$54,000
59000(B)
Library
273,900
59000(B)
Burglary, robbery and
Village garage
297,000
18,000
Municipal liquor store = 50th Street
599500(A)
10,800
Municipal liquor store - Southdale
79200
Municipal liquor store - Grandview
201,000
Municipal golf course
121000
99000
Municipal swimming pool
1359000
Water reservoir
270,000
Pumping stations:
Number 1
429750
45,000
Number 2
89100
99900
Number 3
89100
109800
Number 4
369000
639000
Number 5
109800
109800
Number 6
91000
109800
Number 7
79200
109800
Number 8
10,800
149400
Number 9
549000
999000
Water tower - Concord Street
99,000
Water tower - 69th Street
1629000
Sanitary sewer lift station
36,000
169200
Bathhouse
45,000
139500
Maintenance building - golf course
59400
Inventories:
Liquor store - Southdale
$ 1759000(D)
Liquor store - 50th Street
2009000(D)
Liquor store - Grandview
1009000(D)
Automotivee
Bodily injury $500 19000,000
Property damage 100,000
Comprehensive Actual cash value
Village liquor stores:
Comprehensive glass breakage
Actual(B)
Liquor liability
11,000,000(B)
Business interruption
- 50th Street
979500
Business interruption
- Southdale
799800
Business interruption
- Grandview
85,000
Burglary, robbery and
theft - within premises
59000(B)
Burglary, robbery and
theft - outside premises
59000(B)
Burglary, robbery and
theft - merchandise
7,500(B)
C
W
INSURANCE COVERAGE (Cont1d)
Other insurances
General liabilitys
Automotive non - ownership, independent
contractor, and Village premises —
operationss
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 — 90% coinsurance.
Note B — 50th Street, Southdale and Grandview.
Note C — /+0% coinsurance.
Note D — Reporting form
Fire and
Extended Coverage
Building Contents
Other
$100 $190001000
100,000
Statutory
3,000
79,200
Actual cash value
—81-
ORGANIZATION
VILLAGE OF EDINA
December 31, 1964
Elected,
Term Re— elected or
Expires Re— appointed to
December 31 December 31
Village Council:
Mayor:
Arthur C. Bredesen, Jr. 1965
Trustees:
Frank J. Tupa 1966
James Van Valkenburg 1966
Hugh J. MacMillan 1964 1967
L. W. Rixe 1965
Village Manager:
Warren C. Hyde
Village Attorney:
William A. Whitlock
Clerk:
Florence Hallberg
Treasurer and Finance Directors
J. N. Dalen
Assessor:
Donald Kearns
Prosecuting Attorney:
Walter Gustafson
Director of Public Works and
Assistant Manager:
George C. Hite
Appointed by Council
1964
1965
_g2_