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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_