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Home My WebLink About1965 Financial StatementsLam AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION VILLAGE OF EDINA, MINNESOTA DECEMBER 31, 1965 ERNST& ERNST AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION VILLAGE OF EDINA, MINNESOTA December 31, 1965 ..N.. INDEX ACCOUNTANTS' REPORT ON AUDITED FINANCIAL STATEMENTS........ PAGE 4 COMMENTS AND ACCOUNTANTS' REPORT ON OTHER FINANCIAL INFORMATION................ FUNDBALANCE SHEETS .......... ............................... 10 NOTETO FINANCIAL STATEMENT L .............................. 12 GENERAL FUNDs BALANCESHEET ............................................. 13 STATEMENT OF SURPLUS...... 14 ANALYSIS OF CHANGE IN CASH BALANCE ....................... 15 REVENUE............... 16 EXPENDITURES .............. 17 CENTRALSERVICES.. o... o ........... . ................. a.... 21 FIXEDASSETS; ... a .............. a .......... a ........ a ... P. 22 POOR FUNDS BALANCESHEET— ........... 23 STATEMENT OF SURPLUS — UNAPPROPRIATED 24 STATEMENT OF REVENUES AND EXPENDITURES ................... 24 ANALYSIS OF CHANGE IN CASH BALANCE ....................... 25. PARK FUNDS BALANCE SHEET ............. 26 STATEMENT OF UNAPPROPRIATED SURPLUS ...................... 27 ANALYSIS OF SURPLUS INVESTED IN FIXED ASSETS ............. 27 ANALYSIS OF CHANGE IN CASH BALANCE......., ......... o ..... 28 REVENUE AND EXPENDITURES.. 29 FIXEDASSETS .............. 30 SWIMMING POOL FUNDs BALANCESHEET .............. 31 STATEMENT OF SURPLUS...... 32 ANALYSIS OF CHANGE IN CASH BALANCE ....................... 33 STATEMENT OF INCOME AND EXPENSE 34 STATEMENT OF INCOME AND EXPENSE (CONCESSIONS ONLY) ....... 35 FIXEDASSETS .............. 36 GOLF COURSE FUNDS BALANCE SHEET ............ 0 37 STATEMENT OF SURPLUS — DEFICIT ........................... 38 ANALYSIS OF CHANGE IN CASH BALANCE ....................... 39 STATEMENT OF INCOME AND EXPENSE...... .... 40 STATEMENT OF INCOME AND EXPENSE — OPERATING DEPARTMENTS.. 42 FIXEDASSETS .............. ............................... 43 BONDSPAYABLE ............. 6.............................. 44 RECREATION CENTER FUND: BALANCESHEET ............. ............................... 45 STATEMENT OF SURPLUS...... 46 ANALYSIS OF CHANGE IN CASH BALANCE ....................... 47 STATEMENT OF INCOME AND EXPENSE 48 BONDSPAYABLE ............. 49 INDEX (Cont'd) PARK SINKING FUND- BALANCESHEET ............. ............................... PAGE 50 STATEMENTOF SURPLUS ..................................... 51 ANALYSIS OF CHANGE IN CASH BALANCE ....................... 52 BOND AND INTEREST MATURITIES, DEFERRED TAX LEVIES AND RESERVE FOR UNCOLLECTIBLE TAXES ..................... 53 PARK CONSTRUCTION FUND: BALANCESHEET.. ........... ............................ 54 ANALYSIS OF RESERVE FOR CONSTRUCTION ..................... 55 ANALYSIS OF CHANGE IN CASH BALANCE ....................... 56 FIXEDASSETS .................. 57 IMPROVEMENT FUNDS: COMBINEDBALANCE SHEET .... ............................... 58 STATEMENT OF SURPLUS — UNAPPROPRIATED .................... 59 ANALYSIS OF CHANGE IN CASH BALANCE ....................... 60 BONDSPAYABLE....... .... ............................... 62 WATERWORKS FUNDS BALANCESHEET ............. ....................aa.o..... 63 NOTES TO BALANCE SHEET... 64 STATEMENTOF SURPLUS ...... ............................... 65 STATEMENT OF INCOME AND EXPENSE .......................... 66 ANALYSIS OF CHANGE IN CASH BALANCE ....................... 68 FIXEDASSETS .............. 0...........0....a............. 69 SEWER RENTAL FUND: BALANCESHEET .............. o..... ..... V........ ...... ... 0 70 STATEMENT OF SURPLUS ................. 71 STATEMENT OF INCOME AND EXPENSE .......................... 72 ANALYSIS OF CHANGE IN CASH BALANCE ....................... 73 FIXEDASSETS............ ... ..............a...a............ 74 LIQUOR DISPENSARY FUNDS BALANCESHEET ............. ............................... 75 STATEMENTOF SURPLUS ...... ............................... 76 STATEMENT OF INCOME AND EXPENSE .......................... 77 .'OPERATING EXPENSES ........ ............................... 78 ANALYSIS OF CHANGE IN CASH BALANCE ....................... 79 FIXEDASSETS............ 80 GENERAL: CASH— ALL FUNDS .......... ............................... 81 SECURITYFOR DEPOSITS ..... ............................... 82 INVESTMENTS............... ............................... 83 TAXABLE VALUATIONS, TAX LEVIES AND RATES ................. 84 OFFICIALBONDS.............. 85 INSURANCECOVERAGE ........ ............................... 86 ORGANIZATION.............. ............................... 88 ERNST & ERNST FIRST NATIONAL BANK BLDG. MINNEAPOLIS, MINN. 55402 ACCOUNTANTS' REPORT ON AUDITED FINANCIAL STATEMENTS To the Village Council Village of Edina, Minnesota We have examined the balance sheets of the various funds of the Village of Edina, Minnesota as of'December 31, 1965 and the related statements of revenues and ex —. penditures or income and expense and surplus for the year then ended. Our exam- ination was'made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the accompanying balance sheets and statements of revenues and expenditures, income and expense and surplus present fairly the financial posi- tion of the Village of Edina at December 31, 1965 and its various special funds and the results of their operations for.the year then ended, in conformity with generally accepted accounting principles applied (except for the changes in depreciation described in the note to financial statements) on a basis consistent with that of the preceding year. i Minneapolis, Minnesota May 5, 1966 ERNST & ERNST F I R S T NATIONAL B A N K BLDG, MINNEAPOLIS, MINN. 55402 COMMENTS AND ACCOUNTANTS' REPORT ON OTHER FINANCIAL INFORMATION Village of Edina Edina, Minnesota The audited financial statements of the various funds of the Village consisting of balance sheets and statements of revenues and expenditures or income and ex- pense, and surplus and our report thereon are presented in appropriate sections of this report. Financial information not specifically referred to above and financial information contained in the following comments is not considered necessary for a fair presentation of the financial position and results of operations, and is submitted for analytical purposes only. The information shown in the schedules of security for deposits, taxable valuations, tax levies and rates, official bonds, insurance coverage and organization as presented in the general section of this report was obtained from non- accounting records of the Village or made available to us by the Village, but we did not make an inde- pendent audit of them as they do not involve information which enters into the financial statements. Other information was derived from the accounting records tested by us as a part of the auditing procedures followed in our examination of the afore - mentioned audited financial statements and, in our opinion, is fairly presented in all material respects in relation to the financial statements taken as a whole. The following comments set forth certain auditing procedures and other matters pertinent to our examination: Cash on deposit at December 31, 1965 was reconciled to balances reported directly to us by the various depositories. Cash working funds and cash on hand for de- posit at December 31, 1965 were counted by us. Cash receipts and cash disbursements procedures were reviewed and tested by us for selected periods during the year to determine that proper procedures were being followed to control recording of receipts and that proper authorization was provided for disbursements. Village of Edina securities held for investment by the several funds of the Village were inspected by us, and related interest income computations were tested. Amounts receivable from water and sewer rental charges at December 31, 1965 were tested by direct correspondence and by review of the records for subsequent col- lections. Differences reported were not material and were explained to our satis- faction. -5- Current and delinquent taxes and special assessments and tax settlements received during the year were confirmed by direct correspondence with the County Auditor. We reviewed delinquent taxes reported to us,and` adjusted . the balances to conform to the County Auditor's balances. Transactions pertaining to special assessments receivable were reviewed. Interfund transfers and charges and interfund balances were reviewed by us. We were present.at the. municipal liquor stores at the time physical inventories were taken. We observed inventory procedures used by,Village employees and tested quantities by independent count of items selected by us. Inventory valuations were tested by reference to vendors' invoices and by tests of clerical accuracy. Additions to and disposals from fixed asset accounts were reviewed by us and veri-- fied by- inspection of contracts, invoices or other data. Allowances for deprecia- tion charged to operating funds of the Village,were reviewed by us. We tested accounts payable by direct correspondence and by reference to disburse- ments-subsequent to December 319 1965• Canceled bonds and interest coupons redeemed and paid during 1965 were inspected by us. Official minutes of the Village: Council for 1965 were.,read by us. Copies of licenses and permits issued during the year were tested to recorded col- lections. Recreational facilities, except for equipment, are not depreciated as explained, in note to financial statements. COMMENTS ON FINANCIAL STATEMENTS GENERAL FUND Detail schedules reflecting activity and status of this fund are shown on pages 13 to 22, inclusive, of this report. POOR FUND Reference is made to detail schedules elsewhere. in this. report as to operations of this fund' -. Such details appear on pages 23 to 25, inclusive. PARK FUND Reference is made to detail schedules elsewhere in this report as to operations of this'fund. Such details appear on pages 26 to 30, inclusive. SWIMMING POOL FUND Detail schedules outlining financial operations ofcthis fund are shown on pages 31 to 36, inclusive, of this report. The net income of $39400.98 is after the provision of $7,131.75 for interest on bonded debt issued for the swimming pool facilities. See note to financial statementsregarding change in depreciation policy of Swimming Pool Fund. w GOLF COURSE FUND , Construction was completed in 1965. Construction costs incurred by the Park Construction Fund were transferred to this fund. Net revenues of the. Liquor Dispensary Fund are pledged to secure the payment of obligation of the Golf Course Fund. Detail schedules outlining financial operations of this fund are shown on pages 37 to 449 inclusive, of this report. The net loss of $16,222.76 is after the provision of $26,466.00 for interest on bonded debt issued for the golf course facilities, and the provision of $3,647.79 for depreciation on golf course equip- ment. RECREATION CENTER FUND Construction of the recreation center started in 1965 and by December, 1965 was far enough along to allow use of the facilities. Construction will be completed in 1966,.;and at such time construction costs incurred by the Park Construction Fund will be transferred to the Recreation Center Fund. Net revenues of the Liquor Dispensary Fund'are pledged to secure payment of obligation of the Recreation Center Fund. Detail schedules covering operations of this fund appear on pages,.45 to 49, inclusive. PARK SINKING FUND Reference is made to detail schedules on pages 50 to 53, inclusive,- of this report as to the operations of this fund. PARK CONSTRUCTION FUND Reference is made to detail schedules in this report as to operations of this fund. Such details appear on pages 54 to 57, inclusive. Fixed assets for park purposes amounting to $54,506.60 were purchased during the year. Funds were made available from a $959000.00 transfer from the Liquor Dispensary Fund and a $450,000.00 advance from the Recreation Center Fund. Construction costs during the year'on the golf course were $2$9642.15, which together with $$969543.71', of previously accumulated costs were transferred to the Golf Course Fund. Con- struction -costs during the year on the Recreation Center were $5259354.00. The excess of recreation center construction costs over the-$450,000.00 made available from the sale of bonds will be paid by the .Recreation Center Fund. IMPROVEMENT FUNDS Reference is made to detail schedules elsewhere in this report as to operations of these funds and the related Construction Fund. Such details appear on pages 58 to 62, inclusive, of this report. Construction costs incurred by the Village, other than for park purposes, are ac- counted for in the Construction Fund which receives the proceeds from sale of permanent and temporary bonds sold for construction or improvement purposes by the various improvement funds. Redemption of these bonds is provided for by levies of special assessments on properties benefited from the construction or improvements. To facilitate tabulation of these special assessments, interest from date of final assessment hearing to December 31st is included as part of project costs. Assess- able costs also include a percentage charge in an amount sufficient to reimburse the Village for actual costs of engineering and clerical services properly assign- able to the various special assessment projects. -7- The reserve for assessment adjustments represents the excess of assessments over actual costs incurred, less charges where actual costs exceeded the assessments. Also charged to the reserve for assessment adjustments are determinable costs for financed projects on which work had not been done and on which final disposition is pending. These balances may be used for refunding canceled assessments. The 1954 Second Series improvement fund retired-'a11 remaining bonds during the year. The free surplus of this fund was transferred to the Permanent Improvement Revolving Fund to aid the financing of small improvements without the issuance of bonds. Construction funds were made available from the sale of $1,400,000.00 of Temporary Improvements Bonds which will be redeemed with funds made available from special assessments and sale of improvement bonds in 1966. WATERWORKS FUND Reference is made to detail schedules elsewhere in this report as to operations of this fund. Such details appear on pages 63 to 69, inclusive. Net loss of the fund amounted to $20,320.65 as compared to net income of $31,954.60 in 1964. The principal reasons for this change may be summarized as follows: Decrease in income from sales of water, water meters and other income Increase in depreciation Decrease in income on investments Increase in other expenses Less: Decrease in interest on bonded debt $34,432.07 18,675.36 3,557.48 2,338.07 $59,002.98 6,727.73 DECREASE IN NET INCOME $52,275.25 SEWER RENTAL FUND Reference is made to detail schedules elsewhere in this report as to operations of this fund. Such details appear on pages 70 to 74, inclusive. LIQUOR DISPENSARY FUND Reference is made to detail schedules elsewhere in this report as to operations of this fund. Such details appear on pages 75 to 80, inclusive. Net income of the fund amounted to $302,907.90 for the year. Of this amount, $230,000.00 was transferred to other funds of the Village by action of the Village Council. In connection with the sale of Golf Course Bonds of 1963 and Recreation Center Bonds of 1965 the net revenues of the Liquor Dispensary Fund are pledged to secure the payment of said bonds and interest thereon. —8— SECURITY FOR DEPOSITS Reference is made to schedule on page 82�of this report showing details of deposits of the Village and securities pledged as collateral thereto at December 31, 1965. Security for deposits at the.First Edina National Bank were inadequate with re- spect to compliance with the provisions of M. S. A. Section 118.01 which prohibit the Treasurer_ from maintaining a deposit in excess of ninety per cent of the market value of the collateral pledged exclusive of amounts covered by federal deposit insurance. First Edina National Bank Balance on deposit Security for deposit: Collateral at 90% of market Federal deposit insurance $421,325.06 $348,772.50 10 9000.00 $358,772.50 BONDING REQUIREMENTS All village employees who are required to be bonded by Minnesota statutes were so bonded. PUBLICATION OF FINANCIAL STATEMENTS A detailed financial statement was by M. S. A. Section 412.281. Minneapolis, Minnesota May 5, 1966 not prepared and published or posted as required W ASSETS Cash: Current funds Appropriated Investments: United States Government securities — at face value or cost Village of Edina bonds — at face value or cost Land investments — at cost Amount segregated and shown below Receivables: Taxes and special assessments: Current Delinquent Deferred Customers Due from State Aid Account:— State of Minnesota Due from other funds Miscellaneous receivables Less allowance for delinquent taxes Inventories prepaid expenses Segregated investments for reserve for debt retirement Construction in progress. Fixed assets Unallocated construction cost * Indicates red figure. Total General 759,466.86 $ 112,386.52 22,348.75 $ 781,815.61 $ 112,386.52 $ 2,661,522.73 $ 150,000.00 355,343.89 .17,028.55 17 028. $ 3,033,895.17 167,028.55 71,672.50 $ 2,962,222.67 $ 167,028.55 $ 1,449,265.65 355,595.67 $ 49,830:71 7,587,700.04 47,366.63 140,500.00 806,283.98 42,386.83 14,797.87 13,148.24 $10,401,509.84 $ 105,365.78 804,195-13 49,830.71 9,597,314.71 $ 55,535:07 321,146.24 10,000.00 4,478.78 71,672.50 2,875,379.78 8.,706,617.72 1,846,101.02 117,090.32 $25,437,738.133 $2,191,051.16 Poor Park $ 2,624.75 2,624.75 $ 5,000.00 15,000.00 20,000.00 20,000.00 35-00 $ 35.00 35.00 $22,659.75 $ 3,144.54 3,144.54 $ 30,.000:00 30,000.00 30,000.00 $ 1,435.98 $ 1,435.98 1,435.98 600.00 FUND BALANCE SHEETS VILLAGE OF EDINA December 31, 1965 Swimming Pool $ 531.92 $ 531.92 420,320.84 212,706.22 $454,065.38 $213,238`.14 Golf Course $ 73,472.48 $ 73,472.48 $ 31,040.56 31,040.56 31,040.56 941.23 941.23 941.23 108,93 6,502-36 965,809.52 $1,077,875.08 Recreation Center $ 49,208,40 49,208,40 $ — $ m $450,000.00 673.40 $450,673.40 450,673.40 583.66 12,834.42 $513,299.88 Park i ! Park Sinking Construction $ 30,511065 i $ 99,040.02 30,511065 $ 99,040.02 $ 309000000 ,i 10,000.00 $ 16,000.00 $ 409000.00 $ 16,000.00 $ 40,0.00.00 $ 16,000.00 $ 57,100000 845.20 .8919000000 119465.25 i $ 100,185.86 $960,410045 $ 100,185.86 48,250.20 $912,160.25 $ 100,185.86 1,089,589.41 517,263.01 $9829671.90 $1,822,078.30 I i Improvement $ 322,942.14 $ 322,942.14 $ 2,270,118.00 287,000.00 $ 2,557,118.00 $ 2,557,118.00 $ 1,391,575.23 303,483.78 6,696,700.04 140,500.00 14.10 $ 8,532,273.15 704.678.24 $ 7,827,594.91 19779,288.01 117,090.32 $1296049033.38 Waterworks $ 21,283.11# 22,348.75 $ 1,065.64 $ 95,364.17 $ 95,364.17 71,672.50 $ 23,691.67 $ 28,858.64 10,756.94 $ 39,615.58 $ 39,615.58 12,839.58 547.00 71,672.50 4,630,413.67 $4,779,845.64 Sewer Renta 1 $42,603.58 $42,603.58 $ 590.42 18,507.99 Liquor Dispensary $ 44,283.97 $ 44,283.97 $ 50,000.00 27,343.89 $ 77,343.89 $ 77,343.89 $191,475.00 $19,098.41 $191,475.00 $19,098.41 $191,475.00 297,123.00 3,822.85 13,801.07 $75,503.06 87,367.95 $701,416.66 -10- LIABILITIES, RESERVES AND SURPLUS Due to other funds Accounts payable Salaries and wages Due to Hennepin County Interest payable Deferred income Construction deposits Edina Firemen's Relief Association Construction contracts Minneapolis —Saint Paul Sanitary District Unexpended contributions Reserve for future bond interest Bonds payable Reserve for assessment adjustments Reserve for construction Surplus: Invested in fixed assets Appropriated: For imprest cash For debt service .,. For. commitments Unappropriated (deficit) Total General 806,283.98 $ 10,696.94 332,862.57 66,633.71 7,722.93 1,739.79 11,156.15 .98,131.88 9,740.00 74,899.95 4,393.44 14,103.59 14,103.59 324,296.58. 2,085.53 23,244.06 211,450.00 13,277,000.00 104,008.81 118,102.55 7,613,397.61 1,846,101.02 550.00 550.00 182,821.25 _103,400.00 103.,400.0,q 2,122,480.89 143,432.67 $25,437,738'.33 $2,191,051.16 Poor Park 10.12 $ 172.28 2,447.97 1,065.72 23,244.06 FUND BALANCE SHEETS (Cont'd) Swimming Pool $ 11,465.25 29.11 Golf Course $ 2969102.79' 1,918.37 Recreation Center $ 6,525.06 1,384.27 4,696.67 .9,740.00 Park Park Sinking Construction 466,619.97 108,255.61 $ 26,027.50 205,950.00 825,000.00 450,000.00 720,000.00 i 90,350.30 420,320.84 212,706.22 12,834.42 1,156,852.42 52,300.00 36,500.00 22,487.47 6,976.67 ( 10,962.44) ( 97,446.08) ( 8,380.54) 30,694.40 $22,659.75 $454,065.38 $213,`238.14 : $1,077,875:08 $513,299.88 $982,671 -•90 ..$1.,822,078.30 i —11— Sewer Liquor Improvement Waterworks Rental Dispensary $ 209918.35 $ 31.50 $ 54.74 384.32 2,027.69 17,470.64 87,911.02 39,471.11 424.69 237,56 2,870.90 11,156.15 1 62,565.21 4,842.50 70,506.51 324,296.58 2,085.53 5,500.00 10,515,000,00 .767,000.00 104,008.81 27,752.25 3,863,413.67 13,801.07 87,367.95 i 94,021.25 1,458,216.30 32,641.39 ( 26,501.33) - 571,322.38 $12,604,033,38 $4,779,845.64 i $75,503,06 $701,4i6,66 i —11— NOTE TO FINANCIAL STATEMENTS' VILLAGE OF EDINA December 31, 1965 DEPRECIATION POLICY During the year the Village changed its policy with respect to providing for deprecia —. tion on the depreciable assets of the Swimming Pool Fund. Depreciation in the amount of 046,944.96 accumulated in prior years on the swimming pool, bathhouse, and filter . system was reversed as of the beginning of the year and added to surplus invested in fixed assets. . The discontinuance of providing for depreciation on the above facilities resulted in an increase of approximately $79200.00 in the net income of the Swimming Pool Fund for .19b5. Depreciation for the Swimming Pool Fund was computed on furniture and fixtures only. The Village adopted the same policy for the Golf Course.Fund and Recreation Center Fund! is computed on fixtures and equipment only at the golf course and ice arena. The golf course was completed late in 1964 and the ice arena substantially completed in 1965. 12- ASSETS Cash: Demand deposits Time deposits ,Working funds Investments: Federal Intermediate Credit Bank Debentures — 4.6% at face value Land investment — at cost Receivables: Due from other funds: Liquor Dispensary Fund Waterworks Fund Sewer Rental Fund Park Construction Fund Park Fund Golf Course Fund Construction Fund Accounts receivable Supply. inventory — estimated Taxes receivable.— delinquent Less allowance for delinquent taxes Fixed assets LIABILITIES AND SURPLUS Due to Waterworks Fund Accounts payable: Trade accounts Accrued payroll Edina Firemen's Relief Association Sundry deposits Appropriated surplus: Invested in fixed assets Contributed — invested in fixed assets Reserve for commitments For imprest cash Surplus — unappropriated GENERAL FUND BALANCE SHEET VILLAGE OF EDINA December 31; 1965 $ 11,836.52 100.000.00 111,836.52 550.00 112,386.52 $ 150,000.00 17,028.55 167,028.55 $ 384.32 31.50 40.64 16,619.97 10.12 4,381.93 20,918.35 42,386.83 13,148.24 .55035.07 .109000.00 $ 49,830.71 49,830.71 1,846,101.02 $2,191,051.16 $ 10,696.94 $ 66,633.71 1,739.79 14,103659 4,393.44 86,870053 $1;775,237.91 70,863.11 $1,846,101.02 103,400,00 550.00 1,950,051.02 143,432067 $2,191,051.16 —13- GENERAL FUND STATEMENT OF SURPLUS VILLAGE OF EDINA Year Ended December 31, 1965 APPROPRIATED Balance at January 1, 1965 Additions (deductions): Transfers from unappropriated surplus: Total $1,809,435.84 For fixed assets - net 120,165.18 For commitments 20,500,00,: For imprest cash ( 50.00). Balance at December 31, 1965 $1,950,051.02 UNAPPROPRIATED. _Balance at January 1, 1965 Additions: Revenue — see separate schedule ,Less: Expenditures — see separate schedule Cost of voting machine — purchased on installment basis Deductions: General Fund share of construction costs Transfers: Reduction in imprest cash Invested in Im . rest � � � For p Fixed Assets Contributed Cash $1,6559072.73 ! $ 70,863.11 ffi 600.00. 120,165.18. $1,775,237.91 $ 70;863.11 ffi 550.00 i $1,500,843.25 Foi Commitments $ 82,900.00 20,500.00 $103,400.00 $ 51,638.03 i $1,393,801.50 i 12,992.00- 1,406,793.50 94,049-75 145,687.78 i 2.305-11 143,382.67 50.00 Balance at December 31, 1965 $143,432.67 -14- GENERAL FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1965 Balance at January 1, 1965 Additions: Receipts - per separate schedule Sale of investments Collection of amounts due others: Waterworks Fund Edina Firemen's Relief Association Collection made on accruals at December 31, 1964 Payments received from Independent School District No. 273 for gasoline purchases Decrease in petty cash Increase in sundry deposits Deductions: Disbursements — per separate schedule Gasoline purchased for Independent School District No. 273 Charges to accounts receivable and other funds Payment.on accruals at December 31, 1964: Accounts payable Accrued payroll Edina Firemen's Relief Association Due to other funds Purchase of investments. Village ,share of construction costs charged directly to surplus Summary: Demand deposits $ 119836.52 Time deposits 1009000.00 TOTAL $111,836.52 $ 979338.35 $1,436,491.59 225,000.00 $10,696.49 14,103.59 24,80.0.08 8,lli.i6 12,430.41 50.00 644.99 19707,528.23 $1,804,866,58. $1,282,636.67 12,537.02 25;035.73 $33,705.88 1,782.06 20,168.80 11,111.16 66,767.90 303,747.63 2,305.11 1,693,030.06 Balance at December 31, 1965 $ 111,836.52 15— GENERAL FUND I, REVENUE VILLAGE OF EDINA Year Ended December 31, 1965 i -16- Actual Revenue Over- Under* Estimated Estimated Receipts Accruals Revenues Revenue Revenue Real and personal property taxes 850,110°12 $ 850,110.12 $ 858,100.00 $ 7,989.88# Other taxes 47,297°52 47,297,52 32,250.00 151-047.52 Bicycle licenses 2,387.25 2,387,25 1,250.00 19137.25 Beer.and liquor licenses 1,655.00 1,655.00 19555.00 100.00 Cigarette licenses 937.00 937.00 780.00 157.00 Dog and impounding fees 5,244.25 5,244.25 4,800.00 444.25 Food and soft drinks 3,731°00 3,731.00 2,905.00 $26.00 Gas pump licenses 400 :00 400.00 775.00 375.00# Bowling, taxi, pinball, etc. 39187.00 3,187.00 2,810.00 377.00 Plumbing licenses 2,625.00 2,625.00 2,475.00 150.00 Water softener installation licenses 175.00 175.00 175.00 Scavenger and garbage collectors 501.00 { 501.00 390.00 111.00 Building permits 53,313.0,0 I 539313.00 38,000.00 15,313.00 Cesspool and sewer permits 3,102.25 3,102.25 39500.00 397.75# Plumbing permits 17,750.35 17,750.35 79500.00 10,250.35 Sign permits 3,491.28, 3,491.28 3,200.00: 291.28 Other permits and fees 567.00 567.00 567.00 Heating and ventilating 1,078,50 1,078.50 7,000.00 5,921.50# Street opening fees 19240.00 1,240.00 600.00 640.00 Planning fees 1,022.00 1,022.00 1750-00 272.00 Engineering, clerical and searches 157,542.55 $ 285.32 157,827.87 1279600.00 30,227.87 Police service 10,559.78 10,559.78 109000.00 559.78 Equipment rental 2,693.50 6,271.16 8,964.66 2,500.00 69464.66. Municipal court fines 309337.53 7,387.77 379725.30 26;,000.00 11,725.30 Income on investments 451.99 451.99 451.99 State apportionments - ':highway 28,170.00 28,170.00 23,800.00 4,370.00 State apportionments - liquor and 'cigarettes 99,056.61 99,056.61 911,997.00 79059.61 Contribution from-active funds 76,934.00 I. 76,934.00 769934.00 - Charges to other funds 12,420.00 129420.00 12,420.00 - Sale of fixed assets 1,155.00 1,155.00 500..00 655.00 Discounts earned 944.38 31.55 975.93 975.93 Other revenue 15,326.73 1,230.86 16,557.59 15,300.00 1,257.59 Transfer - reserve for encumbrances 48,900.00 4$,900.00 48,900.00 - Rentals 1,085.00 245.00 1,330.00 1,330.00 TOTAL $19436,491.59 $64,351.66 i $1,500,843.25 $1,4049591.00 $96,252.25 -16- GENERAL GOVERNMENT Mayor and Council `Planning Administrations Personal services Contractual services Commodities Fixed charges Finances Personal services Contractual services Commodities Fixed charges Elections Assessing: Personal services Contractual services Commodities Fixed charges Legal 'services Library GENERAL FUND EXPENDI.TURES., VILLAGE OF EDINA Year Ended December 31, 1965 TOTAL ADMINISTRATION TOTAL FINANCE TOTAL ASSESSING TOTAL GENERAL GOVERNMENT ADMINISTRATION, ENGINEERING AND PUBLIC WORKS Administrations Personal services Contractual services Fixed charges TOTAL ADMINISTRATION Engineerings Overhead Project engineering General engineering TOTAL ENGINEERING Public works: Supervision and clerical Training Paid leave Disbursements $ 9,005.75 12,135059 $ 42,218.68 6,031.06 48.62 216.00 57,514.36 $ 29,883.42 2,392.55 59808;00 $ 38,083.97 1,222.65 $ 34,936.77 1,701.21 234.00 •5,232.00 $ 42,103.98 15,769.49 2,710.L7 178,546.16 $ 14,040.00 412.79 960.00 $ 159412.79 $ 22,150.71 73,715.05 16,824.91 $ 112,690.67 $ 43,470.29 636.37 19,319.85 Encumbrances 28.20 $ 359.67 23.00 382.67 9.90 $ 13.73 8.18 $ 21.91 10,162.39 12.0 10,747.47 $ 34.83 $ 34.83 $ 277.12 123.82 205.23 606.17 $ 30.00 694.40 Expenditures $ 9,005.75 12 ,163.79 42,218.68 6,390.73 71.62 216.00 57,897.03 $ 29,883.42 2,392.55 5,808.00 $ 38,08.3.97 1,232.55 $ 34,936.77 1,714.94 242.18 5,232.00 $ 42,125.89 25,931.88 2 8 2.77 189,293.63 $ 14,040.00 447.62 960.00 $ 15,447.62 $ 22,427.83 73,838.87 17,030.14 $ 113,296.84 $ 43,500.29 636.37 20,014.25 Appropriations $ 9,030.00 12,455.00 42,530.00 6,945.00 100.00 216.00 58,791.00 $ 30,030.00 2,456.00 50.00 5,808.00 $ 38,344.00 1,300.00 $ 34,940.00 1,725.00 290.00 5,232.00 $ 42,l87.00 30,375.00 3,081.00 $ 195,563.00 $ 14,040.00 571.00 960.00 $ 15,;571.00 $ 22,845.00 71,582.00 15,054.00 $ 109,481.00 $ 43,'740.00 974.00 20,101.00 Unexpended Balance $ 24.25 291.21 $ 311.32 554.27 28.38 893.97 $ 146.58 63.45 50.00 $ 260.03 67.45 $ 3.23 10.06 47.82 $ -61.11 4,443.12 228.23 $ 6,269.37 123.38 $ 123.38 $ 417.17 2,256.87* 1,976.14# $ 3,815.84# $ 239.71 337.63 86.75 -17- GENERAL FUND EXPENDITURES (Cont'.d) ADMINISTRATION, ENGINEERING AND PUBLIC WORKS (Cont'd) Public works (cont'd): General maintenances Gravel streets Oiled streets Asphalt streets Concrete streets TOTAL GENERAL MAINTENANCE Street cleaning Renovation Curb and sidewalks Snow and ice removal Street lighting Street name signs: General maintenance New sign installation Refinishing Traffic control: Sign maintenance Traffic control maintenance Pavement marking Guard rail- maintenance Bridges - general maintenance Storm sewer maintenance Temporary drainage and culverts Village properties: Turf care Plantings Tree.maintenance TOTAL STREET NAME'SIGNS TOTAL TRAFFIC CONTROL TOTAL: V.ILLAGE,.PROPERTIES Noxious weed control .Lake and pond maintenance TOTAL PUBLIC WORKS TOTAL ADMINISTRATION, ENGINEERING AND PUBLIC ;WORKS Disbursements $ 16,797.10 3,205.98 30,628.30 5.297.63 55,929.01 23,633.22 44,488.90 2,148:43 52,619.86 48,974.90 $ 2,224.30 1,342.63 3,423.12 $ 6,990.05 $ 4,298.68 5,902.65 3.607.43 13,808.76 3,906.92 ,5;426.77 11,736.18 13,418.55 $ 4,901..67 377.49 3.064.57 $ `8,343.73 279.80 3,88i.52 359, 13-11 487,116.57 Encumbrances $ 384.43 136.80 521.23 2,392.35 1,598.71 $ .128.25 245.09 18.00 $ 391.34 $ 795.35 64.89 860.24 34.84 19.58 r 6.542. $ .7,183.69 Expenditures # 17,181.53 3,205.98 30,765.10 5,297.63 $ 56,450.24 23,633.22 44,488.90 2,148.43 55,012.21 50,573.61 $ 2,352.55 1,587.72 3,441.12 $ _ 7,381.39 $ 5,094.03 5,967.54 3.607.43 14,669.00 3,906.92 5,426.77 11,,771.02 13,438.13 $ 4,901.67 377.49 3,064.57 $ 8,343.73 279-.80 3,881.52 $ 365,555.80 494,300.26 Appropriations $ 17,358.00 3,357.00 304930.00 5,715.00 $ 57,360.00 23;756.00 44;600.00 .2,340.00 55;230.00 50;1880.00 i $ 2,400.00 1,600.00 3,675.00 7;'675.00 $ 5;200.00 6,072.00 760.00 15;032.00 4,060.00 5, 700.00 12;000.00 14;'000.00 $ 5,;300.00 ;470.00 3.300.00 9,;070.00 380.00 000.00 70 18 8.00 $ 4959'950.00 Unexpended Balance $ 176.47 151.02 164.90 417.37 $ 909.76 122.78 111.10 191.57 .217.79 306.39 $ 47.45 12.28 233.88 $ 293.61 $ 105.97 104.46 152.57 $ 363.00 153.08 273.23 228.98 561.87 $ 398.33 92.51 235.43 $ 726.27 100.20 118.48 .20 $ 1,649.74 -18- PROTECTION OF PERSONS AND PROPERTY Police protections Personal services Contractual services Commodities Fixed charges Fire protection: Personal services Contractual services Commodities Fixed charges Civilian defense Public health: Personal services Contractual services Commodities Fixed charges Animal control GENERAL FUND EXPENDITURES (Cont'd) TOTAL POLICE. PROTECTION TOTAL FIRE PROTECTION TOTAL PUBLIC HEALTH Inspections: Personal services Contractual services Commodities Fixed charges TOTAL INSPECTIONS TOTAL PROTECTION OF PERSONS AND PROPERTY Disbursements $ 226,075.41 4,640.86 2,739.64 46,980.00 280,435.91 $ 116,260.10 1,979.41 .2,683.64 18 60.00 139,883.15 1,533.44 $ 12,650.52 1,042.13 1,475.80 1,668.00 16,836.45 12,090.25 $ 19,703.78 1,759.98 329.97 4,236-00 26,029.72 $ 476,808.93 Encumbrances $ '202.55 334.14 5 36.69 $ 298.84 34.36 333.20 8.00 $ 74.40 47.99 $ 122.39 1,127.25 $ 100.13 22.35 122.48 2,250.01 NON- DEPARTMENTAL Contingencies $ 4,758.56 Settlement of suits 409.40 Special assessments on Village park property 26 07.01 TOTAL NON- DEPARTMENTAL 31,574.97 $ - CENTRAL SERVICES See separate schedule attached 7,701.39 . 77.62. TOTAL OPERATING EXPENSES $1,1819748.02 29,558.79 Expenditures $ 226,075.41 4,843.41 3,073.78 46.980.00 $ 280,972.60 $ 116,260.10 2,278.25 2,718.00 18,960.00 $ 140,216.35 1,541.44 $ 12,650.52 1,116.53 1,523.79 1,668.00 $ 16,958.84 13,217.50 $ 19,703.78 1,860.11 352:.32 4,236.00 $, 26,152.21 $- 479,058-94 $ 4,758.56 409.40 26,407.01 $ 31,574.97 17,079.01 $1,211,306.81 Appropriations $ 226;595.00 4,900.00 3,200.00 460980.00 6 2811-675.00 $ 115;464.00 2,066.00 2,500.00 18,960.00 $ 138,990000 1,761.00 $ 12;780.00 1,158.00 1,625.00 1,668:00 $ 17,231.00 13,154.00 $. 19,930.00 2,000.00 403000 4,236.00 $ 26,569-00 $ 479,380.00 $ 4,600.00 500,00 26,500.00 $ 31,600.00 16,356.00 $1,218,849.00 Unexpended $ 519.59 56.59 126.22 702.40 $ 796.10# 212.25# 218.00# $ 1,226.35# 219.56 $ 129.48 41.47 -101.21 $ 272.16 63.50# $ 226.22 139.89 50.68 16.7 321.06 $ 158.56# 90.60 92.99 $ 25.03 723.01# $ 7,542.19 -19- GENERAL FUND EXPENDITURES (Cont'd) CAPITAL OUTLAY Administration - general government Finance Election Assessing Administration Engineering Public works Police Fire Public health Inspections, Contingencies Special.assessment on Village property Unallocated capital-outlay Site improvement - garage TOTAL CAPITAL OUTLAY RESERVE FOR COMMITMENTS Mayor and Council - General engineering Public works Police protection Fire protection Capital improvements TOTAL RESERVE FOR COMMITMENTS ..TOTAL # Indicates red figure. : Disbursements $ 395.80' 1,624.00 83.00 4,172.20 25,304.60 4,892.84 2,971.51 365.29 696.50 13,353.34 4,693.15 16,932.90 25,403.52 100,888.65 $1,282,636.67 .,Encumbrances Expenditures I 395.80 1,624.00 83.00 i #'19,515.30, I 223.00 157.25 300.00 7,989.51# 12,206.04 $ 900.00 1,000.00 10,000.00 3,500.00 4,000.00 50,000-00 69,400-00 $111;164.83 4,172.20 44,819.90 5,115.84 3,128.76 365.29 996.50 5,363.83 4,693.15 16,932.90 25,403.52 $ 113,094.69 $ 900.00 1,000.00 10,000.00 3,500.00 4,000.00 50,000-00 i $ 69,400.00 $1,393,801.50 Aooropriations $ 247.00 400.00 1,660.00 ' 87.00 300.00 4;200.00 45,050.00 5 ,'562.00 3,,187.00 400.00 1.,.100.00 5," 400.00 4900.00 17,849.00 26,000.00 $ - 1169342.00 $ 900.00 1,000.00 10,000.00 3,500.00 4,000.00 50,000.00 $ 69,400.00 $1,404;591.00 Unexpended Balance $ 247.00 4.20 36.00 4.00 300.00 27.80 230.10 446.16 58.24 34.71 103.50 36.17 206.85 916.10 596.48 $ 3,247.31- $ $10,789.50 -20- General: Contractual services Commodities Village Hall: Personal services Contractual services Commodities Central services Garage Equipment operations Personal services Contractual services Commodities Fixed charges Gasoline and fuel oil Tires and tubes Lubricants Parts and accessories GENERAL FUND CENTRAL.SERVICES VILLAGE. OF EDINA Year Ended December 31, 1965 TOTAL GENERAL TOTAL VILLAGE HALL TOTAL EQUIPMENT OPERATION Less allocations to other departments or funds TOTAL * Indicates red figure. Disbursements $113,291.64 116.62 118,408.26 $ 8,432.55 8,684.75 1;658.77 936.00 19,712.07 15,339.78 $ 33,630.38 14,484.90 7,446.4Q 14,664.00 17;973.16 3,912.66 2,870.93 26 0 0.8 §121,013.28 274,473.39 266,772.00 $ 7,701.39 Encumbrances $. 920.33 1,376.31 . $ 884.20 270.49 1,154.69 1,148.41 $, 1,005.47 811.63 1,360.00 217.08 396.39 1,629.24 $5,698.21 $9', 377.62 $9,377.62 Expenditures 0114,211.97 5,572660 $119,784.57 $ 8,432.55 99568.95 11929.26 : 936.00 $ 20,866:76_. - 16,488.19 $ 33,908.78 15,490.37 8,258.03 14,664.00 19,333.16 '4,.129.74 3,267.32 27,660.09 126 711. 283,851.01. 266,772.00 $ 17,079.01 i i Appropriations $113,608.00 5,480.00 $119,088.00 $ 8,520.00 9,660.00 2,000.00 .936.00 t21,116.00 15,972.00 33,968.00 15,500.00 8,300.00 14,664.00 .19,350.00 .4,150.00 3,3,00.00 27 720.00 $126,952.00 $283,128.00 i 266.772.00 $ 16,356.00 I Unexpended Balance $603.97# 2.60# 96.57# $ 87.45 91.05 70.74 $249.24 516.19# $ 59.22 9.63 41:97 16.84 20.26 32.68 59.91 $723.01# $723.01* 21_ Land Land improvements Buildings Furniture and fixtures Equipment: Highway Police Fire Election Engineering Traffic signals Executive Miscellaneous GENERAL FUND FIXED ASSETS VILLAGE OF EDINA Year Ended December 319 1965 TOTAL Balance January 1, 1965 $ 253,778.16 104,082.71 672,077.42 51,435.91 328,869.08 37,695:84 83,612.29 80,017.93 24,355,64 56,745.67 1, 8'34.15 31,431.04 $1025,935.84 Additions $ 5,538.0.8 29.,691.67 11,983:25 3,352.68 49,719.92 8,615.84 3,128.76 16,240.00 4,272.15 `'7,9$9.51 135.79 $140,667.65 Deductions $ 796.00 11,191.66 8,514.81 $20,502.47 Balance ,December 31, 1965 $ 259,316.24" 133,,774.38, 684,060.67 53,992.59 367,397.34 37,796:87 .86,741.05 9.6,257.93 28,627.79 64,735.18 1,834:15 31,566 83 $1,846,101.02 22— POOR FUND BALANCE SHEET VILLAGE OF EDINA December 31, 1965 ASSETS Cash on deposit Investments: Village of Edina — 2.7% Improvement Bonds of 1958 at face value Village of Edina — 2.3% Waterworks Revenue Bonds at 1955 at face value Village of Edina- '- - -2.5% Waterworks Revenue Bonds of 1955 at face value Federal Intermediate Credit Bank Debentures — 4.6% at face value Receivables: Relief grant — State of Minnesota LIABILITIES AND SURPLUS Accounts payable Surplus — unappropriated 3 2,624.75 $5,000.00 6,000.00. 4,000.00 5,000-00 20 ,000.00 35.00 $22,659.75 $ 172.28 22,487.47 $22,659.75 —23- POOR FUND STATEMENT OF SURPLUS — UNAPPROPRIATED VILLAGE OF EDINA Year Ended December 31, 1965 Balance at January 1, 1965 ;20,503.22 Additions: Net income for year 1,984.25 Balance at December 31, 1965 $22,487.47 STATEMENT OF REVENUES AND EXPENDITURES Disbursements and accruals: Suburban Hennepin County Relief Board: Relief orders Administration Rural Hennepin County Nursing Committee Professional services $ 2,338.63 519.96 7,552.78 175-00 J10,586-37 NET INCOME $ 1,984.25 $ 3,722.88 $ 1,384.25 #` 765.56 245.60E 79552.77 .01 100.00 75.00 $12,141.21 $ 1,554.84# $ 29638.15 $ 653.90* -24- Year Ended .December 31 Increase 1965 1964 Decrease* Revenue receipts and accruals: Tax settlements $12,130.13 .$12,233.08 $ 102.95# Relief grants — State of Minnesota 67.49 81.76 14.27# Income on investment 373.00 373.00 — Reimbursement from other governmental agency — 2.091.52 2,091.523E $12,570.62 14,779.36 $ 2,208.74* Disbursements and accruals: Suburban Hennepin County Relief Board: Relief orders Administration Rural Hennepin County Nursing Committee Professional services $ 2,338.63 519.96 7,552.78 175-00 J10,586-37 NET INCOME $ 1,984.25 $ 3,722.88 $ 1,384.25 #` 765.56 245.60E 79552.77 .01 100.00 75.00 $12,141.21 $ 1,554.84# $ 29638.15 $ 653.90* -24- POOR FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1965 Balance at January 1, 1965 4,609.58 Additions: Tax settlements received: March 19.65 $ 683.99 June 1965 59916.06 November 1965 5,530.08 129130.13 Relief grants - State of Minnesota 67.49 Income on investments 373.00. Decrease in accounts receivable 858.64 Increase in account payable 172.28 13,601.54 $18,211.12 Deductions: Payment to Suburban Hennepin County Relief Boardo Relief orders $ 2,338.63 Administration 519.96 2,858.59 Rural Hennepin County.Nursing Committee 7,552.78 Professional service 175.00 Purchase of investments 5,000.00 .15.5 6.37 Balance at December 31, 1965 $ 2,624,75 —25— PARK FUND BALANCE SHEET VILLAGE OF EDINA December 31, 1965 ASSETS Cash: Demand deposits Investments: Federal Intermediate Credit Bank Debentures — 4.6% — at face value Receivables: Taxes receivable — delinquent. Less allowance for delinquent taxes Inventory of supplies — estimated Fixed assets LIABILITIES AND SURPLUS Liabilities: Trade accounts payable Accrued salaries and wages Due to General Fund Unexpended contributions for specific purposes: Landscaping buffer strip west of library Cascade pumping Dwight Williams Memorial Park Wooddale Park — improvements and recreation program Cornelia Lake Park — improvement Normandale Park — improvement Edina Swim Club Hockey equipment Park District No. 2 Park District No. 3 Park District No. 4 Park District No. 5 Figure skating and skiing instructors' salaries Other Appropriated surplus: Invested in fixed assets Contributed: Property and special assessment paid by General Fund Property donated by others Surplus — unappropriated $ 1,435.98 1,435.98 $ 207.53 3.97 491.77 1,416.31 275.00 318.69 146.47 500.00 6,185.00 2,150.00 3 X400.00 500.00 7,496.32 153.00 $190,753.38 $219,008.80 10,558.66 229,567.46 $ 39144.54 309000-00 600.00 1,.20 , 320.84 $4549065-238 $ 2 ,447.97 1,065.72 10.12 23,244.06 420,320.84 6,976.67 $454,065.38 -26- PARK FUND STATEMENT OF UNAPPROPRIATED SURPLUS VILLAGE OF EDINA Year Ended December 31, 1965 Balance at January 1, 1965 $ 1,319.61 Additions: Revenue for year (see separate schedule for details) $153,760.64 Less amount transferred to revenue included in the above 1.000.00 152.760.64 $ 154,080.25 Deductions: Expenditures for year (see separate schedule for details) 147,103.58 Balance at.-December 31, 1965 $ 6;976.67 ANALYSIS OF SURPLUS INVESTED IN FIXED ASSETS —27— Contributed By General Fund by Direct Payment of Investment Special in Fixed Combined Assessments By Others Assets Balance at January 1, 1965 $384,894.37 $192,601.79 $ 10,338.66 $181,953.92 Additions for the year: Special assessments paid by General Fund 26,407.01 26,407.01 From unappropriated surplus 89799.46 89799.46 Donated 220.00 _... 220.00 Balance at December 31, 1965 $420,320.84 $219,008.80 $ 10,558.66 $190,753.38 —27— PARK FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1965 Balance at January 1,1965 Additions: Receipts for year (see separate schedule for details) Registration fees - figure skating and skiing Dedicated funds: Normandale Community Service Council 100.00 Donation for hockey equipment 500.00 Deductions: Disbursements for year (see separate schedule for details) Expenses — figure skating and skiing Payment on accruals at December 31, 1964: Trade accounts Accrued salaries and wages Due to General Fund Purchase of investment Payment from dedicated fund $152,757.80 7,457-50 600.00 $143,576.93 4,601.75 $3,695.11 783 .'32 588.71 5,067.14 30,000.00 220.00 Balance at December 31, 1965 $ 25,795.06 160,815-30. $1869610436 183,465.82 $ 3,144.54 02$— PARK FUND REVENUE AND EXPENDITURES VILLAGE OF EDINA Year Ended December 31, 1965 REVENUE Recreation: Baseball and softball $ 4,291.37 $ 4,291.37 $ 4,325.00 Actual Skating and hockey 6,029.23 $1,125.62 7,154.85 71600.00 Revenue Tennis instruction 1,011.90 11011.90 1,050.00 Over- Under* Playgrounds 10,086.12 78.30 109164.42 Estimated Estimated Swimming instruction Receipts Accruals Reven!A e Revenue Revenue Real and personal property 3,946.21 3,946.21 4,150.00 203.79 taxes 71,289.67 $1,203.92 $ 719289.67 $ 72,000.00 $ 710.33* Registration fees 219872.67 21,872.67 23,000.00 1,127.33* Transfer-from active funds 589066.00 58,066.00 58,066.00 - Transfer from unappro- 10,411.52 10,411.52 11,108.00 696.48 priated surplus 3979942 $1,000.00 19000.00 19000.00 - Other revenue 1,529.46 2.84 1,532.30 750.00 782.30 TOTAL REVENUE $152,757.80 $1,002.84 $153,760.64 $1549816.00 $19055.36# EXPENDITURES 11,859.85 582.03 12,441.88 129460.00 18.12 Skating rinks Disburse- Encum- Expendi- Appropri- Unexpended TOTAL MAINTENANCE ments brances tures ations Balance Administration: $1439576.93 $3,526.65 $147,103.58 $154,816.00 $7,712,42 Personal services $ 23,397.98 $ 23097.98 $ 239580.00 $ 182.02 Contractual services 19229.08 19229.08 1,335.00 105.92 Commodities 62.69 62.69 - 125.00 62.31 Central services 11,628.00 11,628.00 11;628.00 - Training 14.89. 14.89 200.00 185.11 Paid leave 5,281.56 231.04 5,512.60 6,145.00 632.40 TOTAL ADMINISTRATION $ 41,614.20 $ 231.04• $ 41,845.24 $ 439013.00 $1,167.76 Capital outlay 89207.46 592.00 8,799.46 99175.00 375.54 Recreation: Baseball and softball $ 4,291.37 $ 4,291.37 $ 4,325.00 $ 33.63 Skating and hockey 6,029.23 $1,125.62 7,154.85 71600.00 445,.15 Tennis instruction 1,011.90 11011.90 1,050.00 38.10 Playgrounds 10,086.12 78.30 109164.42 10,450,00 28538 Swimming instruction 11,257.63 11,257.63 11,775.00 517.37 Special activities 3,946.21 3,946.21 4,150.00 203.79 TOTAL RECREATION $ 369622._,.46 $1,203.92 $ 379- 826.38 $ 39,350.00 $19523.62 Maintenance: Mowing $ 10,677.68 $ 10,677.68 $ 11,924.00 $1,246.32 Special turf care 10,411.52 10,411.52 11,108.00 696.48 Planting and trees 3979942 $ 35.16 3,834.58 4,360.00 525.42 Litter removal 29657.35 10.12 2,667.47 3,260.00 592.53 Parking areas 686.21 686.21 1,650.00- 963.79 Building and equipment 11,859.85 582.03 12,441.88 129460.00 18.12 Skating rinks 17,040.78 872-38 17,913.16 18,516.00 602.84' TOTAL MAINTENANCE $ 57,132.81 $1,499.69 $ 58,632.50 $ 63,278.00 g4.645-50 TOTAL.EXPENDITURES $1439576.93 $3,526.65 $147,103.58 $154,816.00 $7,712,42 29- PARK FUND FIXED ASSETS VILLAGE OF EDINA Year Ended December 31, 1965 La nd Skating rinks Land improvements Building Park equipment Furniture, fixtures and equipment Trucks, automobile and tractors Miscellaneous Construction in progress: 52nd and Arden 50th and Wooddale East Mirror Lake 57th and Chowen 9 Balance 131.26 Balance January 1, 3,785.72 December 31, 1965 Additions 1965 $.90,806.64 $ '90,806 -.64 5,812,:03 5,812.03 209,722.24 $26,407-.01 236,129.25 4,042.32 4,042.32 449529.52 1,241.50 45,771.02 1,641.79 405.99 2,047.78 18,258.97 6,906.32 259165.29 • 3,577.67 465.65 4.043.32 $378,391.18 35,426.47 $4139817.65 131.26 131.26 29324.85 29324.85 3,785.72 3,785.72 261.36 261.36 TOTAL $384,894.37 $35,426.47 $420,320.84 -30- SWIMMING POOL FUND BALANCE SHEET VILLAGE OF EDINA December 31, 1965 ASSETS Cash: Demand deposits Fixed assets — at cost': Land Swimming pool and bathhouse Filter system Concession furn.itur_e and fixtures $3,802.37 Less allowance for depreciation 2.122.82 LIABILITIES AND SURPLUS Payables: Trade accounts Due to Park Sinking Fund Surplus invested in fixed assets:. Acquired by bonds Acquired by surplus Donated Unappropriated surplus (deficit) See note to financial statements. $ 531.92 $ 10,000.00 184,9026.67 17,000.00 1.679.55 212,706022 $213,238.14 $209,431.89 3,224.33 50.00 $ 29.11 11,465.25 $ 11,494.36 212,706022 ( 100962°44) $2139238.14 31— SWIMMING POOL .FUND STATEMENT OF SURPLUS. VILLAGE OF EDINA Year Ended December 31, 1965 Balance at January 1, 1965 Transfers and deductions: Net income for year Add interest provided for at December 31, 1964 included in operations Provision for depreciation Reversal of prior years provision for depreciation — Note Allocated to Sinking Fund for bonds Balance at December 31, 1965 * Indicates red figure. See note to financial statements. Invested in Fixed Assets Unappro— From From Total priated Donated Surplus Bond Fund $155,731.34 $10,410.16# $50.00 $2,791.56 $1639299.94 3,400.98 3,400.98 7,131.75 7,131.75 $166,264.07 122.57 $50.00 $2,791.56 $163,299.94 $ - $ 380.24' $ 380.24# 46,944.96 813.01 46,131.95 11,465.25 11,465.25# $ 35,479.7-1 11 08 ,.01* $ 432.f $ 46,131.95 $201,743.78 $10,962.44i� $50.00 $3,224.33 $209,431.89 32_ SWIMMING POOL FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1965 Balance at January 1, 1965 Additions: Pool fees Concession income (see separate schedule) Add provision for depreciation not requiring cash Other revenue Deductions: Operating. expense (see separate schedule) Less accounts payable at December 31, 1965 Payment made on accruals at December 31, 1964 $38,227.67 $1,242.46 380.24 19622.70 798.15 $29,735.55 29.11 $29,706.44 11,829.66 Balance at December 31, 1965 $ 1,419.50 40,648.52 $42,068-02 41,536.10 $ 531.92 33® SWIMMING POOL FUND STATEMENT OF INCOME AND EXPENSE VILLAGE OF EDINA Year Ended December 31, 1965 Revenues: 1,145.00 Repairs and maintenance Pool fees: Cleaning supplies 315.73 Season tickets Water treatment $34,038.50 'General admissions 1,718.77 4,189.17 $389227.67 Rental — instruction program Annual audit 750.00 Other Printing and office expense 295.14 �g =1 Central services 19176.00 $39,025.82 Operating expenses: 29.735-55 Salaries and wages: Interest on bonds 7;131.75 Supervision and clerical $39000.25 $ 2,158.52 Income from concessions — see separate schedules Life guards 8,948.04 NET INCOME FROM OPERATION Cashier 961.26 Basket room attendants 31074.25 Watchman 903.00 Maintenance 2,248.33 $19,135.13 Gas $91.94 Light and power 1045.71 Water and sewer 177.62 Telephone 126.11 Rubbish hauling 150.00 Insurance 1,145.00 Repairs and maintenance 538.51 Cleaning supplies 315.73 Water treatment 1,898.84 Sand blasting — filter house 1,718.77 General supplies 561.85 Annual audit 100.00 Printing and office expense 295.14 Central services 19176.00 Other 159.20 29.735-55 9,290.27 Interest on bonds 7;131.75 $ 2,158.52 Income from concessions — see separate schedules 1,242.46 ' NET INCOME FROM OPERATION $_ 39400.98 See note to financial statements. —34— SWIMMING POOL FUND STATEMENT OF INCOME AND EXPENSE (CONCESSIONS ONLY) VILLAGE OF EDINA Year Ended December 31, 1965 Operating expenses: Salaries and wages: Manager $ 526.64 Clerks 1,333.50 19860.14 Repairs and maintenance 141:2Q Equipment rental 30.00 Laundry 54,90 Supplies 131.74 Provision for depreciation 380.24 2,598.22 NET INCOME $1,242.46 —35— Gross Profit Cost of Per Cent Sales Sales Amount to Sales Soft drinks $1,150,00. $ 695.75 $ 454.25 .39.50% Soft ice cream 2.9620.80 1,315•.50 19305.30 49.81 Popcorn 1,424.07 311.61 1;112.46 78.12 Sandwiches 513.00 173.49 339.51 66.18 Cupcakes and pies 1;686.80. 1,057.64 629.16. 37.30 $79394.67 $39553.99 $39840.68 51,94% Operating expenses: Salaries and wages: Manager $ 526.64 Clerks 1,333.50 19860.14 Repairs and maintenance 141:2Q Equipment rental 30.00 Laundry 54,90 Supplies 131.74 Provision for depreciation 380.24 2,598.22 NET INCOME $1,242.46 —35— SWIMMING POOL FUND FIXED ASSETS VILLAGE OF EDINA Year Ended December 31, 1965 ASSETS La nd Swimming pool and bathhouse Filter system Concessionjurniture and equipment ALLOWANCE FOR DEPRECIATION Swimming pool and ba.thhouse.- Filter system Concession furniture and equipment Balance Balance January 1, Transfers December 31, 1965 Additions In- O__�ut # #. 1965 10 ,000.00 10 ,000.00 183,792.03 234.64 1849026.67 17,000.00 179000.00 -4,037-01 234.64 * 3,802.37 $2149029.04 $ - - $2149829•Q4 NET BALANCE 359765.93 $359765.93 #(A)$ - 119050.00 11,050.00 #(A)_$ - 1,871.61 9380.24 129.03*(A)$ 2,122.82 9 48.687..54 $380.24 $46,944.96# 2,122.82 $166.,141.50 $212,706.22 Note A - Reversal of prikor years provision for depreciation transferred to surplus. See note to financial statements. - 36- GOLF COURSE FUND BALANCE SHEET VILLAGE OF EDINA December 31, 1965 ASSETS Cash: On deposit Time deposit Working funds Investments: Federal Intermediate Credit Bank Debentures - at cost Accrued interest receivable Accounts receivable Prepaid expenses Fixed assets - at costs Golf course Buildings Well Parking lot and roadways Equipment Less allowance for depreciation Construction in progress LIABILITIES, RESERVE AND SURPLUS Accounts payable'. Due to other funds Loan from other funds:-. Liquor Dispensary Fund Park Construction Fund Bonds payable Reserve for debt service Surplus - deficit* See note to financial statements. $57,404.68 7.463.60 $ 3,422 -.48 70,000.00 50.00 30,000.00 1.040.56 $710,733.66 180,489.31 15,018.15 9,627-32 49.941.08 $965,809.52 6,502.36 502.36 $185,000-00 6,5 ,000.00 $, 73,472.48 31,040.56 941.23 108.93 972,311.88 $19077 9875.08 $ 1,918.37 46,102.79 -250,000-00 825,000.00 52 , 300.00 97.446.08* $19077,875.08 —37— GOLF COURSE FUND STATEMENT OF SURPLUS - DEFICIT' VILLAGE OF EDINA Year Ended December 319 1965 Deficit at January 19 1965 Net loss for year See note to financial statements. $81,223.32 16,222.76 Deficit at December 31, 1965 $97,446.08 -38- GOLF COURSE FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1965 Balance at January 1, 1965 $ 129821.81 Additions: Sale of investments $1109000.00 Revenue - see separate schedule- 112,808.73 Net income - operating department - see separate. schedule $ 69043.10 Add depreciation included therein not requiring cash 1,566.61 $ 7,609.71 Less amount due from pro -shop for rent 125.88 7,483.83 Income on investments 19972.04 Decrease in working fund 100.00 Net amount received from insurance settlement. 933.15. Payment received on sale of inventory and equipment to golf -pro 893.10 Decrease in prepaid expenses 441.67 Payment received on accounts•receivable at December 31, 1964 82.10 234.714.62 $2479536.43 Deductions: Investments purchased $ 409000.00 Purchase of fixed assets 79179.07 Payment to fiscal agent: Interest $ 269400.00 Service charge 66.00 26,466.00 Certificates redeemed 68.00 Operating expenses — see separate schedule $101,498.40 Less amount due General Fund 690.79 $1009807.61 Accounts payable at January 19 1965 1 07.2 102,214.85 Less accounts payable at Dec'ember'34.1965 1,978.37 1009236..48 Other 164.40 174.113.95 Balance at December 319 1965 $ 73942248 Summary: Demand deposit $ 31422.48 Time deposit 70,000.00 TOTAL $739422.48 —39— GOLF COURSE FUND STATEMENT OF INCOME AND EXPENSE VILLAGE OF EDINA Year Ended December 319 1965 Revenue: Membership fees x.16,255.00 Green fees: Regular course $829986.48 Short course 11,194.59 94,181.07 Locker rental .19950.00 Other 422.66 $1129808.73 Operating expenses: Administration: Salaries and wages:. Manager 69800.00 Rangers and starter 39533.78 Cashiers and clerical 112605.55 Audit 300.00 .Printing 29169.25 Supplies 184.02 .Insurance and alarm system 367.85 Retirement, insurance, office supplies, etc. 49944.00 Travel and mileage. 274.21 Other 67.00 19,911.88 Building - club house and pro -shop: Salaries. and wages $ 19179.74 Utilities: Telephone $ 620.26 Water 346.15 Fuel 971.62 Light and power. 709.29 $2,647.32 Less amount charged to grill 794.20 19853.12 Insurance 282.18 Repairs — heating and plumbing 974.28 Repairs - building 807.74 Electrical work 233.16 Laundry 151.11 Supplies 670.21 Rubbish hauling 420.00 Other 406.39 69977.93 -40- GOLF COURSE FUND STATEMENT OF INCOME AND EXPENSE ( Cont'd) Operating expenses (cont'd): .Maintenance of course and grounds: Salaries and wages: Superintendent Maintenance Equipment rental Telephone Light and power Fuel Fertilizer and chemical Sod, black dirt and seed Sand, gravel and rock Blacktop and asphalt Repairs — water system Snow removal — greens Pipes, cement and blocks Supplies Lumber Course equipment Equipment operation Other Net income - operating departments — see separate schedule Income on investments INCOME BEFORE Interest on bonds Interest on loan — Liquor Dispensary Fund Provision for depreciation See note to financial statements. $ 7,800.00 33 ,102.79 $40,902.79 326.80 220.65 2,483.1+6 413.00 6 ;909.06 2,996.02 1,752.63 3,987.41 2,025.03 250.00 613.85 1,043.57 328.01 232.75 9,900.00 223.56 $74,608.59 $ 6,043.10 3,012.60 INTEREST AND DEPRECIATION $26,466.00 6,475.00 LOSS BEFORE DEPRECIATION NET LOSS $101,498-40- $ 11,310.33 9,055.70 $ 20,366.03 32,941-00 $ 129574.97 3,647.79 $ 16,222.76 -41- GOLF COURSE FUND STATEMENT OF INCOME AND EXPENSE — OPERATING DEPARTMENTS VILLAGE OF EDINA Year Ended December 319 1965 Driving range: Revenue Less operating expenses: Salaries and wages Rental equipment Replacement — balls Other supplies Provision for depreciation Grill: Sales Food Beer Other Less cost of goods sold: Food Beer Less operating expense.: Salaries and wages: Manager Cooks, waiters and waitresses Insurance — liability Laundry Dishes, napkins, tools, etc. Repair work Cleaning supplies Utilities —'pro -rated Provision for depreciation Other Village share of pro —shop profit in lieu of rents * Indicates loss. See note to financial statements. 9,772.19 $ 2,067.36 104.23 850.00 412.58 645..55 4,079.72 $5,692.47 $18,483.70 79248.32 .1,168.20 $26,900.22 $ 9,594.76 1,914.90 11,509.66 $15,390.56 $ 4,820.10 7,186.86 $12,006.96 321,50 666,58 1,719.82 265.48 233.49 794.20 921.06 36.72 16,965.81 1,575.25# 1,925.88 NET INCOME $6,043,10 -42- GOLF COURSE FUND FIXED ASSETS VILLAGE OF EDINA Year Ended December 319 1965 ASSETS Golf course Buildings: Club house Maintenance building. Range building Well Parking lot and roadways Equipment: Golf course equipment Rental equipment Club house equipment Pro —shop equipment Range equipment Concession equipment Con 'struction in progress ALLOWANCE FOR DEPRECIATION Golf course equipment Rental equipment Club house equipment Pro —shop equipment Range equipment Concession equipment NET BALANCE See note to financial statements. Balance Balance January 1, December 319 1965 Additions Deductions- 1965. $ - $710,7j3.66-- $7109733.66 $ - $173,038.75 $1739038.75 - 6,491.92 6_9491.92 958.64 958.64 $ - $180,489-31 — 159018.15 15,018.15. - 9.,627.32 9,627.32 $279339.48 $ 5,283.34 $ 329622.82 781.56 $781.56 - 29448.20 5,652.71 8,100.91 19712.58 631.06 2,363.64 2,715.00 2,050,93 4,765.93 8,869.68 681.70 .551.38 $43.,866.50 3 14.319.74 "781. 6 57.404..g 973,273.12 443,866.50 $930,188.18 781;56 634.47 5,867.89 6,502.36 944,500.97 $936,056.07 $781.56 0979,775.48 $ 1,366.97 $ 2,998.12 $ 4,365.09 78.16 $ 78:16 81.61 445.85 527.46 85.63 203.82 289.45 271.50 645.55 917.05 443.49 '921.06 1,364.55 22j27-36 $ 5,214.40 $.78.16 $ :7,463.60 $42,173.61 $972,311.88 —43— GOLF COURSE FUND BONDS PAYABLE VILLAGE OF EDINA December 31, 1965 Annual maturity and interest date Interest rate Year 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 December 1 and June 1 2.5% to 3.5% 25,000.00 25,000.00 25,000.00 25,000-00 25,000.00 35,000.00 35,000.00 359000-00 35,000.00 35,000-00 35,000.00 40,000.00 1+09000.00 40,000.00 40,000.00 40,000.00 40,000-00 50,000.00 50,000.00 50,000.00 50,000.00 50.000.00 TOTAL $825,000.00 M RECREATION CENTER FUND BALANCE SHEET VILLAGE OF EDINA December 31, 1965 ASSETS Cash: On deposit Time deposit Working fund Accounts receivable Merchandise inventory — at cost Advance to Park Construction Fund Fixed assets — at cost: Furniture and equipment Less allowance for depreciation LIABILITIES, RESERVE AND SURPLUS Accounts payable Accrued payroll Accrued interest Deferred income Bonds payable Reserve for debt service Surplus: Contributed invested in fixed assets Invested in fixed assets Unappropriated — deficit* See note to financial statements. $18,984.95 30,000-00 $48,984.95 223.45 $13,509.92 675.50 $10,524-10 2,310.32 $ 499208.40 673.40 583.66 450,000.00 12,834.42 $513,299.88 $ 6,525.06 1,384.27 4,696.67 $ 12,606.00 9,740,00 450,000.00 36,500.00 12,834.42 8,380.54* $513,299.88 —45— RECREATION CENTER FUND STATEMENT OF SURPLUS VILLAGE OF EDINA Year Ended December 31, 1965 # Indicates deficit. See note to financial statements. Contributed Unappro- Invested in Invested in .priated Fixed Assets Fixed Assets Additions: Equipment donated by individuals $119078.00 Fixed assets purchased $2,431.92# $2,431.92 Deductions: Net loss for year 6.624.12 $9,056.04# $2,431.92 $11,078.00 Transfer: Provision for depreciation 675.50 121.60# 553.90# Balance at December 31, 1965 $8,380.54# $29310.32 $109524-10. # Indicates deficit. See note to financial statements. RECREATION CENTER FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1965 Balance at January 19 1965 Additions: Proceeds from bond sale $4509000.00 Transfer from Permanent Improvement Revolving Fund 369500.00 Increase in deferred income 99740.00 Revenue - see separate schedule 89864.92 Income on investments 396:67 Deductions: Advance to Park Construction Fund $4509000.00 Fixed assets acquired $139509.92 Less equipment donated 11.078.00 29431.92 Increase in working fund 223.45 Increase in inventory 583.66 Operating expenses — see separate schedule $ 99651.54 Less liabilities at December 319 1965: Accounts payable $ 69525.06 Accrued payroll 1.3 84_27 7.909.33 19742.21 Cost of bond sale 862.00 Increase in accounts receivable 673.40,, Balance at December 319 1965 Summarys Demand deposit $189984.95 Time deposit 30.000.00 TOTAL $489984.95 505.501.59 $5059501:59 .456.516.64 $ 489984:95 -47- RECREATION CENTER FUND STATEMENT OF INCOME AND EXPENSE VILLAGE OF EDINA Year Ended December 319 1965 Revenues: Season tickets 03,400.00 Daily fees Utilities 1,280.00 Spectator fees Cleaning supplies 114.94 2,406.95 Ice rental 1,197.26 590.00 Other Unclassified ,83.07 9,651.54 $8,060.02 Concession income $2,703.53 Less operating expenses: $ 389.95# Cost of bond sales Cost of food sold $ 997.58 LOSS BEFORE INTEREST AND DEPRECIATION $1,251.95# Salaries and wages 436.68 4,696.67 Supplies and expense 464.37 1,898.63 804.90 675.50. NET LOSS $8,864.9-2 Less operating expenses: See note to financial statements. Administration: Salaries and wages: Manager $1,350.00 Cashiers, ticket takers and clerical 469.67 Guards 135.07 $1,954.74 Telephone 98.15 Mileage and expenses 86.08 Printing 835.50 Tickets 187.50 General supplies 347.67 Unclassified 54.90 $3,564.54 Ice maintenance: Salaries and wages $1,505.60 Supplies and expenses 383.80 19889.40 Building maintenance: Salaries and wages $1,530.30 Utilities 694.35 Cleaning supplies 114.94 General supplies 1,197.26 Lumber and paint 403.47 Unclassified 257.28 4,197.60 9,651.54 $ 786.62# Income on investments 396.67- - $ 389.95# Cost of bond sales 862.00 LOSS BEFORE INTEREST AND DEPRECIATION $1,251.95# Interest on bonds 4,696.67 LOSS BEFORE DEPRECIATION $5,948.62# Provision for depreciation 675.50. NET LOSS $6,624.12 # Indicates red figure. See note to financial statements. -48- Annual maturity and interest date Interest rate Year 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 RECREATION CENTER FUND BONDS PAYABLE VILLAGE OF EDINA December 319 1965 March 1 and September l 3% to 3% 3.3% Series A Series B Total 10,000.00 59000.00 15,000.00 10,000.00 59000.00 159000.00 10,000.00 59000.00 159000.00 109000.00 5,000.00 159000.00 109000.00 59000,00 159000.00 209000.00 10,000.00 30,000.00 209000.00 109000.00 30,000-00 209000.00 109000.00 30,000-00 209000.00 109000.00 301000.00 209000,00 10,000.00 30,000.00 30,000.00 159000.00 45,000.00 309000.00 15,000,00 459000.00 30,000,00 159000.00 459000,00 309000.00 159000.00 45,000.00 . 30 ,000.00 15,000-00 45,000-00 TOTAL $300,000.00 $150,000.00 $450,000.00 —49— PARK SINKING FUND BALANCE SHEET VILLAGE OF EDINA December 31, 1965 ASSETS Cash: Demand deposits Investments: Edina Park System Bonds - at face value Federal Intermediate Credit Bank Debentures - 4.6% - at face value Receivables: Due from Swimming Pool Fund Taxes receivable - current and delinquent Taxes receivable - deferred Less allowance for delinquent and uncollectible taxes LIABILITIES, RESERVE AND SURPLUS Amount payable during 1966: Interest Bonds Bonds payable Less current portion - shown above Reserve for future interest Less current portion - shown above Surplus - unappropriated 57,945.20 891,000.W 948,945.20 48,250.20 $ 109000.00 30,000.00 $ 119465.25 $ 309511.65 409000-00 900,695.00 912,160.25 $9829671.90 $7209000.00 30,000.00 $2319977.50 .26.027.50 26,027.50 30.000.00 56,027.50 690 ,000.00 205,950.00 30,694.40 $9829671.90 50- PARK SINKING FUND STATEMENT OF SURPLUS VILLAGE OF EDINA Year Ended December 31, 1965 Balance at January 19 1965 Additions: Transfers: Reserve for future interest Reserve for uncollectible taxes Less portion allocated to Swimming Pool Fund Deductions: Payment to fiscal agents: Interest Service charge Transfer to allowance for delinquent taxes Other $ 26,882.50 $16,972.50 4,434.75 12,537.75 $26,120.50 102.80 $ 26,223.30 49,937.51 3.15 Balance at December 31, 1965 $ 67,438.11. 39,420.25 $106,858.36 76,163.96 $ 30,694.40 ®51— PARK SINKING FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1965 Balance at January 1, 1965 Additions: Tax settlements received from County: March 1965 June 1965 November 1965 Sale of investments Payment received on amounts due from other funds at December 319 1964 Deductions: Purchase of investments Payment to fiscal agents: Principal Interest Service charges Other 3,145.47 27,319,11 25,532.91 $55,997,49 30,000-00 11,631.75 $30,000.00 $ 19,108.86 97,629.24 $116,738.10 $30,000.00 26,120.50 102.80 56,223.30 3.15 86,226.45 Balance at December 31, 1965 $ 30,511.65 —52— PARK SINKING FUND BOND AND INTEREST MATURITIES, DEFERRED TAX LEVIES AND RESERVE FOR UNCOLLECTIBLE TAXES Annual maturity and interest date Interest rates Year 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 TOTAL * Indicates red figure. VILLAGE OF EDINA December 31, 1965 Bonds 40,000.00 40 ,000.00 40 ,000.00 40 ,000.00 1+09000.00 50,000.00 509000-00 50,000.00 50 , 000.00 40,000.00 509000-00 50,000-00 509000-00 50,000-00 50.000.00 $690,000.00 March 19 June 1, September 1 and December 1 2% to 3.90% Excess of Deferred Levies over $2059950.00 $ 49950.00# $8919000.00 -53- Bond and Interest Deferred Interest Maturities Levies $ 249835.00 3,165.00 68,000.00 23,485.00 4,515.00 68,000.00 22,135.00 6,865.00 69,000.00 209755.00 9,245.00 70,000.00 19,375.00 10,625.00 70,000.00 . 17,810.00 3,190.00 71,000.00 16,040.00 5,960.00 72,000.00 14,230.00 7,770.00 72,000.00 12,380.00 10,620.00 73,000.00 10,530.00 12,470.00 63,000.00 8,775.00 5,225.00 64,000.00 6,825.00 8,175.00 65,000.00 4,875.00 11,125.00 66,000.00 2,925.00 52,925.00# 975.00 50,975.00# $2059950.00 $ 49950.00# $8919000.00 -53- PARK CONSTRUCTION FUND BALANCE SHEET VILLAGE OF EDINA December 31, 1965 ASSETS Cash: On deposit Investments — at face value: Edina Park System Bonds Receivable: Due from Golf Course Fund Loan to Golf Course. Fund Fixed assets — at cost: Land Construction in progress Equipment 'LIABILITIES AND SURPLUS Trade accounts payable Due to General Fund Advance from Recreation.Center Fund Surplus invested in fixed assets Reserve for construction $ 35,185.86 65 ,000.00 496,776.28 1,089,589.41 20,486-73 $ 1089255.61 16,619.97 $ 99,o4o.0z 16,000.00 100,185.86 1,606,852.42 $1,822,078.30 $ 124,875.58 450,000-00 1,156,852.42 90,350.30 $19822,078-30 -54- PARK CONSTRUCTIONJUND ANALYSIS OF RESERVE FOR CONSTRUCTION VILLAGE OF EDINA Year Ended December 31, 1965 Balance at January 1, 1965 Additions: Transfer from Liquor Dispensary,Fund Income on investments Deductions: Purchase of fixed assets Transfers to golf course construction Transfers to recreation center construction 95,000.00 339.17 $608,502.75 $ 28,642.15' 450,000-00 478,642-15 Balance at December 319 1965 $124,871.73 95,339.17 $220,210.90 129,860.60 $ 909350.30 -55- PARK CONSTRUCTION FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1965 Balance at January 1, 1965 Additions: Transfer from Liquor Dispensary Fund Sale of investments Advance from Recreation Center Fund Income on investments Deductions: Purchase of fixed assets: Recreation Center Golf Course Other Balance accounts payabl.e_at January 1, 1965 Less liabilities at December 31, 1965: Accounts payable Due to General Fund Purchase of investments $ 95,000.00 150,000.00 450,000.00 339.17 $525,354.00 2$,642.15 54,506.60 $608,502.75 500.00 $609,002.75 $ 37,828.02 695.33 $108,255.61 16,619.97 124,875.58 $484,127.17 150,000.00 634,127.17 Balance at December 31, 1965 . $ 99,040.02 -56- PARK.CONSTRUCTION FUND FIXED ASSETS VILLAGE OF EDINA December 31,.1965 Land: Highway 169 and Hanson Road Hays Farm property Coffman property Cornelia property Pamela Park Jackson and Belmore Lane area Sixty— second and Beard area Fifty— second and Arden area Sixty — second and Tracy area Lake Edina Second area Fifty —fifth and York area Birchcrest Park Division and Rutledge area Normandale area Walnut-Ridge area Heights area Edina Valley Estates area Unallocated Con9truction in progress: Utley Park Fifty— seventh and Chowen Lake Cornelia area Pamela area Fifty— second and Arden Normandale area Alden Park East .Mirror Lake area Fifty —fifth and York Sixty— second and Beard Hays Farm property. Cornelia School site Sixty —ninth and McGuire Division and Rutledge area Sixty—second and Tracy area Valley View School site Golf course Garden Park Heights area Other park areas Recreation center Unallocated Equipment 15,007.09 221,475 35 12,639.48 77,512.04 2,440.00 23,487.05. 26,650.00 1 ;250.00 18,300.00 30,230-00 7,250.00 11,525.22 7,525.00 10,184.52 3,307.34 6;115.78 17,021.35 4,856.06 4969776.28., 20,620.06 5,811..34 43 ;858.93 1- 52,016.10 16;962.28 43,367.21 29,379.87 - 54,683.01 7,549.67 11,928.33 7,077.51 36,086.42 2,335-31 32,088.96 19,278.84 6,123.44 500:00 32,337.81 19,333.47 11,927.59 525,354.00 10,969.26 1,089,589.41 20,486.73 TOTAL $1,606,852.42 i -57- IMPROVEMENT FUNDS COMBINED BALANCE SHEET VILLAGE OF EDINA December 31, 1965 ASSETS Cash: Demand deposits Time deposits Investments Receivables: Special assessments: Current — certified in 1965'— collectible in 1966 Delinquent Deferred Taxes and assessments receivable — Village share of projects: Current and delinquent Deferred Less allowance for delinquent taxes Due from State -Aid Account — State of Minnesota Due from other funds Due from Construction Fund for advances Construction in progress: Current Deferred Unallocated construction cost LIABILITIES, RESERVE AND SURPLUS Accounts payable Accrued interest Future interest Due to Hennepin County Due to other funds Construction contracts payable Advance from Improvement Funds Payable to City of Minneapolis for Village share of sewage disposal plant Bonds payable Construction deposits Reserve for assessment adjustments Reserve for construction Surplus — unappropriated # Indicates red figure. Total Elimination $ 222,942.14 100 000.00 322,942.14 2,557,118.00 $ 1,380,817.04 303,483.78 6,394,047.55 10,758.19 302,652.49 8,391,759.05 70 678.2 7,687,080.81 140,500.00 14.10 1,454,991.43 324,296.58 117,090.32 $12,604,033.38 $ 2,027.69 62,565.21 5,500.00 11,156.15 20,918.35 324,296-58 2,085.53 10,515,000.00 70,506.51 104,008.81 27,752.25 1,458,216.30 $12,604,033.38 11,621.64 1,361,323.25 $1,372,944.89 $ 11,621.64 1,361,323.25 I Joint Permanent Sanitary ;1 Improvement Municipal Sewer Improvement Sewer Southdale Bond Temporary State -Aid Construction No. 1 Revolving No. 53 Improvement Redemption Improvement Street Bond $ 10,179.04 $4,649.93 $ 39,153.79 $ 10,666.97 $ 3,611.88 $ 21,034.20 $ 134,39.5.15 $ 748.82# 100,000.00 10,179.04 $4,649.93 39,153.79 10,666.97 3,611.88. 121,034.20 6 134,395.15 $ 748.82# 155,118.00 180,000.00 120,000.00 2,102,000.00 $ 21,002.92 $ 31,279.19 $ 1,471.35 $1,112,791.36 $ 214,272.22 34,350.51 3,586.31 133.72 265,.413.24 7,818.75 156,395.95 1,337.58 4,944,915.17 1,283,580.10 $ - 642.10 10,758.19 69,098.54 145,460.32 88,093.63 $ 63,172.18 $260,359.99 $ 2,942.65 $6,479,338..28 1,585,945.95 $ - 35,791 17,460.09' 274.1'7 576,259.77 74,892.62 27,380.. 59 $242,899.90 $ 2,668.48 $5,903,078.51 $1,511,053.33 $ 9,932.36 1,061.28 100,000.00 1 86,619.23 1,174,704.02 140,500,00 1,454,991.43 324,296.58 14,687.79 81,811.19 20,591.34 $11,804,796.94 $4,649.93 ' $321,652.38 $433,566.87 $136,212.72 $8,295,604.41 $2,840,743.84 $139,751.18 $ 20,918.35 324,296.58 1,361,323.25 $2,085.53 $ 127.05 $ 877.70 628.00 360,000.00 70,506.51 8,055.44 27,752.25 2,564.40 312,841.89 72,689.17 $1,372,944.89 $1,804,796.94 $4,649.93 $321,652.38 $433,566.87 $ 2,027.69 $ 1,200.00 55,248.54 $ 8,931.40 9,932.36 6,116.67. $ 5,500.00 1,220.00 1,061.28 120,000.00 7,300,000000 2,600,000.00 t 11,645.56 90,594.73* 174,902.54 3,367.16 1,010,059.15 57,443.35 $136,212.72 $89295,604.41 $2,840,743.84 135,000.00 748.82* $139,751.18 -58- IMPROVEMENT FUNDS STATEMENT OF SURPLUS - UNAPPROPRIATED VILLAGE OF EDINA Year Ended December 31, 1965 Balance at January 1, 1965 Additions: Interest spread on assessments for collection in 1966 Income on investments Capitalized interest Premium on bonds sold Deductions: Interest on bonds Bank service charges Cost of bond sale Cancellations and adjustments Transfer to Recreation Center Fund Transfers - add (deduct): Allowance for delinquent taxes Reserve for assessment adjustments Interfund Balance at December 31, 1965 * Indicates red figure. -59- i Joint Permanent Sanitary 1954 .-°improvement Municipal Sewer Improvement Sewer Southdale Improvement Bond Temporary State -Aid Total No. 1 Revd ing No. 53 Improvement Second Series Redemption Improvement Street Bonds $1,230,935.84 $2,566.92 $273,557.51 $70,255.10 $4,985.82 $57,565.34 $ 825,326.97 $ 2,623.00* $698.82# $ 390,826.61 $ 1,364.61 $ 8,936.91 $ 133.76 ! $ 287,709.47 $92,681.86 39,332.97 $ 2.52# I :.1,929.32 2,969.42 1,544.96 $ 12.64# 339781.82 22.61 79,727.57 I 5.00 79,722.57. 884.00 510,771.15 2.52 * . � 2;398.93 11,906.33 1,678.72 12.64# $ 321,491.29 $173,31 1.04 - $ 285,217.91 j $12,640.00 $39675.00 $ 249.17 $ 233,096.67 $ 35,557.07 2,296.74 81.60 28.31 83.20 2,028.63 75.00 39353.90 j 583.90 2,720.00 .$.50-00 2.70 I 2.70 36,500-00 27 71.2 36d.5OO.00 00.00 2 12 7.21.60 $69,439.83 706.01,, 2,958.53 2. 7, 57,220.33 235.709.20 911,109.06, 8 2.07 132,335.97: 0.00 748.82# 1,414,335.74 2,564.40 349148.72 69433.28 3,249.34 408.63 98,950.09 ( 74,892.62) 9,731.84 9,731.84 66,952.17 L66,952.17) $1,458,216.30 $29564.40 $312,841.89 $729689.17 $3,367.16 $ - $1,010,059.15 $ 57,443.35 $748.$2* -59- Balance at January 1,1965 Additions: Remittance from County Auditor: On special assessments On taxes receivable Collections by Village on special assessments Proceeds from sale of bonds Sale of investments Collection from other funds, Advance from Improvement Funds Payment received on connection charges Construction deposit received Payment received from State of Minnesota Transfer from Municipal State -Aid Street Bond Fund Return of advance from Improvement Fund Deductions: Construction costs charged to others: General Fund Permanent Improvement Revolving Fund Waterworks Fund Improvement -Funds Other Less collections received Increase in construction in progress: Balance at December 31, 1965: Current construction $1,454,991.43 Deferred construction 324,296.58 Unallocated costs 14,687.79 $1,793,975.80 Balance at January 1, 1965: Current construction $192749554.70 Deferred construction 2509726.94 Unallocated costs 6,165.37 1,531,1+47-01 262,528.79 Less increase in contracts payable: Balance at December 31, 1965 $ 324,296.58 Balance at January 19 1965 250,726.94 73,569.64 188,959.15 Less amount due General Fund '12,837.84 Combined $ . 34,095.71 $1,418,293.42 10,318.82 465,954.46 1,435,884.00 3,529,583.25 6,371.87 1,750,000.00 21,814.64 82,073.41 155,197.14 35,000.00 44,061.48 8,954,552.49 25,806.63 13,724.13 26,662.68 1,325,629,.78 124,440.68 61,516,263.90 65.656.44 1,450,607.46- T76,121.31 1,626,728.77 (Balance Carried Forward) $7,361,919.43 Construction $ 208,563.07# IMPROVEMENT FUNDS ANALYSIS -OF CHANGE IN CASH BALANCE VILLAGE Of. EDINA Year Ended December 31, 1964 Joint Permanent Sanitary Sewer Improvement Sewer No. 1 Revolving No. 53 303.92 $ 67,350.61 $ -7,474.24 $ 150,250.28 4,997.48 5,930.87 1,750,000.00 82,073.41 51,447.14 35,000.00 2,074,701.70 4,997.48 1,626,728..77 $ 239,409.86 $5,301.4.0 1954 Improvement Southdale Improvement Bond :Improvement Second Series !, Redemption 1,848.63 $ 960.37. 162,483.23 $ 29,740,11 $ 34,847.20 $ 1,897.49 4,519.04 8,305.71 42.04 166,029.32 247,969.42 231,544.96 441.00 7,134.77 200,729.47 291,122.33 40,619.26 $268,080.08 $298,596.57 $242,467.89 $ 13,247.:72 $1,338;560.90 10,318.82 374.37 389,366.36 54,987.36 2,663,781.82 14,679.87 44,061. 112,670:93 4,416,707.77 i I $113,631.30 $4,579,191.00 Temporary Improvement $: 2,936.60 63,346.94 1,400,884.00 10,022.61 i 1,,474,253.55 $1,477,190.15 Municipal State -Aid Street Bond $ 698`.82# $ 35,000.00 103,750.00 138,750,00 $138,051.18 -60- Combined (Balance- Brought Forward) $7;361,919.43 Deductions (cont'd)s Payment to other funds accrued at December 31, 1964 3,353.26 Investments purchased 3`,455,350.00 Payment to County Auditor for bookkeeping charges 1062.90 Transfer to Construction Fund 1,785,000:00 Bonds redeemed 1,360,000:00 Interest on bonds 292,417.50 Bank service charges 2,296.74 Cost of bond sale 3,353.90 Cost charged directly to reserve for assessment adjustment 200.00 Paid to City of Minneapolis — sewage disposal plant 651.47 Payment on connection charges 7,134.77 Construction costs 13,096.13 Return of construction deposits 32,405.05 Refunds 1,579.99 Return of advance to Improvement Funds 44,061.48 Loan to other fund. 36,500.00 Other 14.10 $7,038,977.29 $ .322,942.14 Interfund transfer — Balance at December 31, 1965 322,942.14 * Indicates red figure. Construction $ 239,409.86 $ 2,750.19 150,000.00 32,405.05 44,061.48 14-10 22 2 0.82 10,179.04. $ 10,179.04 IMPROVEMENT FUNDS ANALYSIS OF CHANGE IN CASH BALANCE (Cont'd) Joint Sewer No. 1 $5,301.40 $ 651.47 6 1. 7 - $4,649.93 $4,649.93 Permanent Improvement Revolving $2689080.08 $ 130.05 225,350.00 80.35 13,096.13 20.00 36,500.00 27 176 . $ 7,096045# 46,250.24 $ 39,153.79 Sanitary 1954 Improvement Sewer Southdale Improvement Bond No. 53 :Improvement Second Series Redemption $298,596.57. :$242,467.89 $113,631.30 $4,579,191.00 $ 473.02 $235,000.00 $220,000.00 2,615,000.00 208.00 2.70 1,271.85 4509000-00 40,000.00 15,000.00 $ 65,000.00 1,140,000.00 12,640.00 3,,825.00 747.50 241,455.00 81.60 28.31 83.20 2,028.63 <: 583.90 200.00 1287,929.60 2. 8 8 6.01 10,666.97 $ a 3,611.88 $ 10,666.97 7,134.77 i i 1,550.36 - 9.63 67 81.06 i $ 46,250.24 46,250.24 $ 14,458,156.80 121,034.20 $ 121,034.20 Temporary Improvement $1,477,190.15 i $ "10,600.00 1,3009000.00 :30,000.00 '75.00 2,720.00 i 1- J42: 7 .00 ,1341395.15 $ :,134 i 395.15 i Municipal 'State -Aid Street Bond $138,051°18 $ 35,000.00' 100,000.00 3,750.00 50.00 748 ;823 $ 748.82* —61— IMPROVEMENT FUNDS BONDS PAYABLE VILLAGE OF EDINA December 31, 1965 Annual maturities and interest dates Interest rate Year Total 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 aCellfe" $ 3,755,000.00 1,340,000.00 1,025,000.00 1,0259000.00 800,000.00 600,0001-.00 6009000 -.00 600,000.00 285, 000.00 1459000.00 105,000.00 1059000;00 65,000.00 65,000,00 $10,515,000,00 Sanitary - Sewer No. 53 January l and 'Jdly•.,1 3 1/4% and 3, 1 /10% $ 40,000,00 40,000.00 40,000.00 40,000.0.0 40,000,00 40,000.00 40,000.00 409000.00 40,000.00 Southdale Improvement March 1 and Septe'mb'er:; I 3% 15,000.00 15,000.00 15,000.00 15,000.00 15,000..00 15,000.00 15,000.00 15:,000.00 $360,000,00 $120,000.00 Improvement Bond Redemption March 1, June 1, September 1 and December 1 2% to 3 9/10% $1,140,000.00 1,150,000.00 970,000.00 970,000.00 745,000.00 545,000.00 545,000.00 545,000.00 245,000.00 105,000.00 105,000,00 105,000.00 65,000.00 65,000.00 $79300,000.00 Temporary Improvement 'June 1 and December 1 i i I 2 1/24 to 3 1 /10% 1 $2,600,000.00 $2,6009000.00 Municipal State -Aid Street Bond March 15, June 15, September 15 and December 15 2 1/2,% $135,000.00 $135,000.00 62- ASSETS CURRENT ASSETS Cash: Demand deposits Appropriated funds Investments: Federal Intermediate Credit Debentures — at cost Accrued interest Less amount segregated and shown below Accounts receivable: From customers Due from other funds Inventories: Meters — at cost Supplies — estimated Prepaid insurance OTHER ASSETS Segregated investments — reserve for debt retirement FIXED ASSETS — Note A Land $ 95,000.00 364.17 95,364.17 71,672.50 WATERWORKS BALANCE VILLAGE OF December $ 21,283.11# 22,348.75 1,065.64 23,691.67 $ 28,858.64 10,756.94 39,615.58 # 11,089.58 1,750.00 12,839.58 547.00 TOTAL CURRENT ASSET'S 77,759.47 Land improvements $ 13,153.22 Buildings and equipment 633 163.86 5,646,317.08 Less allowance for depreciation 1,043,459.79 * Indicates red figure. 71,672.50 $ 27,556.38 4,602,857.29 4,630,413.67 $4,779,845.64 FUND SHEET EDINA 31, 1965 LIABILITIES AND SURPLUS CURRENT LIABILITIES Accounts payable and accrued expenses: Trade accounts Salaries and wages Interest Due to General Fund Current maturities of bonds payable LONG —TERM DEBT Bonds payable — Note B Less current maturities — shown above SURPLUS Inve,sted in fixed assets Revaluation of fixed assets — Notq,A Contributed by special assessments — Note'.A Contributed by General Fund Earned: Appropriated Unappropriated See notes to balance sheet. TOTAL CURRENT LIABILITIES $ 724,719.42 27,331.52 3,099,022.51 12,340.16 $ 94,021.25 32,641.39 $ 767,000.00 48,000.00 $ 179470.64 424.69 4.842.50 22,737.83 31.50 48.000.00 70,769.33 719,000.00 3,863,473.67 126,662.64 3,990,076.31 $4,779,845.64 �-63- WATERWORKS FUND NOTES TO BALANCE SHEET VILLAGE OF EDINA December 31, 1965 Note A — The original utility purchased in 1947 is carried at amounts based on appraisal at time of acquisition. Subsequent purchases are carried at cost. Watermains for which the benefited property owners have been assessed are carried at construction cost with contra — credit to surplus contributed by special assessments. Each of the afore — mentioned amounts has been reduced by the depreciation thereon-.charged to in- come, Which' income has'beeri 'transferred to earned surplus. Note B — The annual maturities, due dates and interest rates are as follows: 1947 Issue 1953 Issue 1955 :Issue: 1959-Issue: 1963 Issue Total Annual maturities and interest .dates March 1 and March 1 and March .1 :and: March-- l -,and' June 1 and June; land September l September l September 1: Septemb.et,1' December 1 December 1 Interest rates 2.75% 2.75% 1 2.34-ah 2.50% 2.80 %,:3.10 %, 2.50 %,.2.80 %, 3.40% and 3.00 %, 3.20% 1 3.50% land 3.30% Annual amount of maturities: $10,000.00. $10,000.00 i0,060'.00 8,;.000:;00: 10,000.00 $ 48,000,00 1966 1967 .10,000.00 10,000.00 10,000`.00 S ;Ooo..00 10,000.00 48,000.00 1968 30,000.00 8,000,00 10,000.00 48,000.00 1969 30,000.00 8,000.00 10,000.00 48,000,00 1970 20,000.00 15,000,00 10,000.00 45,000.00 1971 35,000.00 20,000.00 55,000.00 1972 i 35,000.00 1 20,000.00 55,000.00 1973 35,000000 20,000.00 55,000.00 1974 ; 35,000.00 20,000,00 55,000.00 - 1975 i 40,000.00 20,000.00 60,000.00 1976 50,000.00 50,000.00 1977 50,000.00 50,000.00 1978 50,000,00 50,000.00 1979 ! 50,000.00 50,000.00 = 1980_ ; 50,000.00 50,000.00 $20,000.00 $20,000,00 l $100,000600: $227,000°00 $400,000.00 $767,000.00 Bonds of the 1947, 1953 and 1955,issues are subject to redemption and prepayment at the option of the Village on any interest date. Bonds maturing after March 1, 1970 of the 1959 issue shall be subject to redemption and prepayment at the option of the Village on said date and any interest date thereafter, at a price of par and f accrued interest, plus a premium of $10.00 for each bond redeemed, and in inverse 1 order of their serial number. Thirty days prior notice must be given to bond holders. —64, # Indicates red figure. WATERWORKS FUND i I. STATEMENT OF SURPLUS VILLAGE OF EDINA Year Ended December 31, 1965 Invested Contributed Contributed Earned surplus I in Fixed by by Total Unappropriated Appropriated Assets Assessments ;General Fund Revaluation Balance at January 1, 1965 $3,804,711.87 $ 13,085.85 $76,453.13 $710,343.58 $2,964,148.04 $12,667.77 $28,013.50 Additions: Watermains contributed by special assessments 205,685.09 205,685.09 4,010,396.96 13,085.85 76,453.13 710,343.58 3,169,833.13 12,667.77 28,013.50 Deductions: Net loss for year 20,320.65 20 20.6 3,990,076.31 '7,234.80 76,453.13 ; 710,343.58 3,169,833.13 12,667.77 28,013.50 Transfers: Provision for depreciation m 1409331.72 68,511.57# 70,810.56# 327.61* 681.98* Bonds retired - 33,000.00* 33,000.00 Additions to fixed assets 49,887.417' 49,887.41 Increase in appropriation of funds for reserve for debt retirement 179568.12# 179568.12 Balance at December 31, 1965 $3,990,076.31 $ 32,641.39 $949021.25 $724,719.42 $39099,022.57 $12,340.16 $27,331.52 # Indicates red figure. WATERWORKS FUND STATEMENT OF INCOME AND EXPENSE VILLAGE OF EDINA Per Cent to Year Ended December 31 Increase Gross Income 1965 1964 Decrease* 1965 1964 Number of meters in use: At end of year 7,446 7,032 At beginning of year 7,032 6,511 Income: Sale of meters $ 28;784.00 $ 23,740.00 $ 5,044.00 Less cost of meters sold 22,576.92 18.803-55 3,773-37 GROSS PROFIT ON METERS 6,207,08 4,936.45 1,270.63 Water sales 239,453.67 275,001.15 35,547.48* Penalties 4,161.42 4,591.24 429.82# Water connection permits 2,281.00. 2,396.00 115.00# Tapping fees 158.00 158.00 - Use of hydrants 10,696.94 10034.24 162.70 Miscellaneous 627. 43 400-53 226.90 263,585.54 $298,017.61 34,432.07# 100.00% 100.00% Expenses: Pumping: Labor $ 6,600.74 $ 5,497.80 $ 1,102.94 Power and light 30,345.58 29,968.83 376.75 Supplies and repairs 270.44 352.95 82.51* Buildings: Labor 3,328.35 4,229.78 901.43# Fuel 1,926.06 1,886.15 39.91 Supplies 721.73 584.95 136.78 Telephone 201.00 201.00 - Repair s 269.55 109.73 159.82 Insurance 341.60 360.60 19.00# Water purchased 504.18 513.25 9.07# Provision for depreciation 24,605.13 18.534-43 6 070.70 69,114.36 62,239.47 6,874.89 26.22% 20.89% Distribution: Labor $ 8,863.14 $ 11,476.71 $ 2,613.57# Materials and supplies 3,186.60 3,104.17 82.43 Operation of meters: Labor 3,329.87 3,758.29 428.42# Supplies and expenses 613.17 695.35 82.18# Provision for depreciation 76,058.66 69,149.38 6,909.28. Repairs 5.127-57 5.635.41 07.8 u 97,179.01 6 93,819.31 3,359.70 36.87 .31:48' Tanks, towers and reservoir: Labor $ 660.20 $ 68.89 $ 591.31 Power and lease lines 1,273.16 1,719.81 446.65# Landscaping 498.40 - 498.40 Supplies and expenses 488.01 36.00 452.01 Provision for depreciation 22,656.46 22,652.25 4.21 Insurance 2 .1 1.60 181.59 26,099.42 6 24,818.55 6 1,280.87 9.90 8.33 WATERWORKS FUND STATEMENT OF INCOME AND EXPENSE ( Cont'd) Expenses (cont'd): Water treatment: Labor Supplies and expense Provision for depreciation Vehicle operations: Allocated from equipment pool Provision for depreciation Administrative and general: Salaries: Superintendent Clerical Meter reading Meter reading supplies Office supplies, postage, telephone, hospitalization, etc. Supervision. Provision for depreciation Professional services Supplies and expenses Building rental TOTAL EXPENSES OPERATING INCOME Income on investments Other deductions: Interest on bonds Fiscal agent service charge Cost of fixed assets retired NET (LOSS) INCOME Depreciation charged to opera- tions included in expenses Per Cent to Year Ended December 31 Increase Gross Income 1965 1964 Decrease* 1965 1964 $ 4,261.39 $ 511.13 $ 3,750.26 10,965.86 12,473.62 1,507.76# 29,959.52 2 ,557.42 8,402.10 11.37% 7.23% $ 4,080.00 $ 4,740.00 $ 660.00# 1.624.60 .60 2 0 7. 0 472.90* 5,704.60 6 6,837.50 6 1,132.90# 2.16 2.29 $ 9,058.50 $ 8,640.90 $ 417.60 4,300.95 3,947.70 353.25 4,530:70 3,970.81 559.89 47.95 13.83 34.12 5,280.00 6,300.00 1,020.00# 3,900.00 3,900.00 - 654.60 650.13 4.47 4,195.88 1,629.08 2066.80 942.64 863.05 79.59 80.00 4 20.00 60.00 1.22 0 . 0 3.055.72 12.67 10.18 1261,448.13 z3 607.7 21 8 0.38 .l 80. 2,137.41 58,409.86 156,272-45* .81% 19.60% 2,025.65 5,58 .1 3,557.48* .77 1.87 4,163.06 6 63,992.99 59,829.93# 1.58% -21.47% $ 24,379.41 $ 31,107.14 $ 6,727.73# 104.30 109.10 4.80# - 822.1 822.15* 24,483-71 32 0 8. f-7,554.68'* 9.29 10.75 ($20,320.65) $ 31,954.60 $52,275.25# 7.71% 10.72% $140,331.72 $121,656.36 $18,675.36 -67- WATERWORKS FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1965 Balance at January 1, 1965 10,028.92 Additions: Collections on accounts receivable $241,406._88 Collection on amount due from other-funds 13,284.43 Investments sold 63,276.97 Income on investments 1,661.48 Sundry sales -and services 2,439.00 Sale of water meters 28,784.00 Other 641.71 351,494-42 361,523.39 Deductions: Payment to fiscal agents: Principal 33,000.00 Interest 24,676.25 Service charge 104.30. 57,780.55 Meters purchased 27,255.82 Additions to fixed assets $255,572.50. Less contributed by special assessments 205,685.09 _ 49,887.41 Payment for another fund 60.00 Decrease in amounts payable: Balance at January 1, 1965: Trade accounts $ 26,814.42 Accrued payroll 96.16 Due to General Fund 144.60 27,055.18" Balance'at December 31, 1965: Trade accounts $17,470.64 . AccruecL. payroll 424.69 Due to General Fund 31.50 17,926.83 9,128.35 Investments purchased 95,000.00 Operating expenses $261,448.13 Less provision for depreciation 140,331.72 121,116.41 Increase in prepaid insurance 229.21 360,457.75 Balance at December 31, 1965 $ 1,065.64 Summary: Operating Fund $21,283.11# Sinking Fund 22,348.75 TOTAL '$ 1,065.64 * Indicates red figure. WATERWORKS FUND FIXED ASSETS VILLAGE OF EDINA Year Ended December 31, 1965 La nd Land improvements Distribution system: Purchased Contributed by special assessments Contributed by General Fund Buildings and equipment: Pumphouses Wells Pumps and .piping Tanks, towers and reservoir Office equipment Miscellaneous equipment Water treatment equipment Automobiles and trucks Storm sewer Tools Construction in progress TOTAL * Indicates red figure. Balance January 1, 1965. $ 27,556.38 11,556.26 $ 239,883.60. 3,438,134.56 16 80.66 3,694,398.82 $ 206,273.42 188,553.45 113,889.78 566,278.84 3,108.65 11;853.41 250,964.96 8,932-46 32 ,086.09 350.00 1 82 2 1.06 5,1159802.52 302,498.44 $5,418,300.96 <• A.( s e t s i Additions i Transfers $ 19037.46 . $205,685.09 $205,685.09 $ 559'.50 $ 12,281.12 $ 12,281.12 $ 40,828.70 89,477.69 661.50 588.32 77.93 65.33 181,575.70 25,232.60 i $ 731.58 $337,776.19 $207,454.13 4350,616.81 48,118.37 350,616.81* $255,572.50 $ — i December 31, 1965 $ 27,556.38 13,153.22 $ 252,164.72 3,643,819.65 16,380.66 $3,912,365.03 $ 247,102.12 278,031.14 114,551.28 566,867.16 3,186.58 11,918.74 432,540.66 8,932.46 57,318.69 350.00 $1,720,798.83 $5,673,873.46 $5,673,873.46 Allowance for Depreciation Balance January 1, December 31, 1965 Additions 1965 2,803.42 $ 494.75 3,298.17 $ 91,077.89 473,986.52 3,712.89 $568,777.30 $ 34,545.03 52,382.41 50,420-90 153,752.67 2,500.00 3,638.06 25 ,490.65 6,571.61 2,246.02 $331,547.35 $903,128.07 $903,128.07 $ 4,920.49 70,810.56 327.61 $ 76,058.66 $ 9,067.49 9,331.89 5,711.00 22,656.46 125.75 1,053.85 13,838.22 1,099.60 894.05 $ 63,778.31 $140,331.72 $140,331.72 $ 95,998.38 544,797.08 4,040.50 $ 644,835.96 $ 43,612.52 61,714.30 56,131.90 176,409.13 2,625.75 4,691.91 39,328.87 7,671.21 3,140.07 $ 395,325.66 $1,043,459.79 $1,043,459.79 Net Balance December 31, 1965 $ 27,556.38 9,855.05 $ 156,166.34 3,099,022.57 12,340.16 $3,267,529-07 $ 203,489:60 216,316.84 58,419.38 390,458.03 560.83 7,226.83 393,211.79 1,261.25 54,178.62 350.00 $1,325,473.17 $4,630,413.67 $4,630,413.67 ASSETS CURRENT ASSETS Cash: Demand deposits Receivables: From customers Assessments receivable FIXED ASSETS = at cost Land improvements Furniture and fixtures Trucks Equipment Less allowance for depreciation LIABILITIES AND SURPLUS CURRENT LIABILITIES Trade accounts payable Accrued payroll Due to other funds: General Construction SURPLUS Invested in fixed assets Earned — surplus deficit (deduction) SEWER RENTAL FUND BALANCE SHEET VILLAGE OF EDINA December 31, 1965 $ 40064 14010 54074 TOTAL CURRENT LIABILITIES $88,203032 $13,801.07 ( 26,501033) ( 12,-700026) $75,503006 -70- $42,603.58. $18,507099 590042 19,098041 TOTAL'CURRENT ASSETS $61,701,99 $ 3,696062 1,895025 4,547086 25,871090 $36,011.63 22,210.56 13,801.07 $759503006 $87,911002 237'056 $ 40064 14010 54074 TOTAL CURRENT LIABILITIES $88,203032 $13,801.07 ( 26,501033) ( 12,-700026) $75,503006 -70- SEWER__RENTAL FUND STATEMENT OF SURPLUS VILLAGE OF EDINA Year Ended December 31, 1965 Balance at January 1, 1965 Deductions: .Net loss for year Transfers: Provision for depreciation Additions to fixed assets Balance at December 31, 1965 * Indicates red figure. Invested in Fixed Available Assets $17,913007-= $16,032040 10,819059* $28,732.66* $16,032040 $ 2,725.07 $ 2,725.07# 493074" 493.74 $ 2,231.33 2,231J3* $26,501033* $13,801,07 71— SEWER RENTAL FUND STATEMENT OF INCOME AND EXPENSE Operating income: Service charges and penalties Expenses: Operating: Sewer maintenance and treatment Labor Supplies Repairs Water Power Provision for depreciation Other Vehicle operation: Allocated from equipment pool Provision for depreciation Administration and general: Clerical and supervision Auditing Supplies, telephone, postage and retirement Building rental Provision for depreciation Professional services TOTAL EXPENSES OPERATING LOSS Other income: VILLAGE OF EDINA Year Ended December 31 Increase 1965 .1964 Decrease* $106,198.74 $101,930.65 $4,268.09 $ 63,289.27 $ 56,089.88 $7,199.39 Per Cent to Operating Income 1965 1964 loo.o% 100.0% 26,803°30 26,154.42 648.88 49169.83 69762.89 2,593.06# 1,996.95 1,154.94 842-01 200.00 100.00 100.00 3,928.10 3,051.90 876.20 2,31745 2,374.84 57.39# 105.51 66.30 39.21 $102,810.41 $ 95,755.17 $7,055.24 96.8% 93.9% $ 3,084000 $ 3,480000 396.00* 260.00 297.57 37.57* $ 3,344.00 $ 3,777.57 433.57* $ 5,520.00 $ 5,352.00 $ 168.00 300000 300.00 - 4,968.00 5,281.08 313008# 300.00 276.00 24.00 147.62 181.72 34.10# 355.15 606.40 = 251.25* $ 11,590.77 $ 11,997.20 406.43* $117,745.18 $111,529.94 $6,215.2 $ 11,546.44 $ 9,599.29 $1,947.15 3.2 3.7 1009 11.8 110.9% 109.4% 10.9% 9.4% Income on investments $ 719.79 $ 54.30 $ 665.49 Miscellaneous 7.06 17.33 10.27' $ 726.85 $ 71.63 655.22 .7 ,l NET LOSS $ 10,819.59 $ 9,527.66 $1,291.93 10.2% 9.3% Depreciation charges to operations included in expenses $ 2,725.07 $ 2,854.13 $ 129.06* -72- SEWER RENTAL FUND ANALYSIS OF CHANGE IN CASH BALANCE VIILLAGE..OF EDINA Year Ended December 31, 1965 Balance at January 1, 1965 Additions: Collections on accounts receivable Tax settlements received Sale of investments Income on investments Other Deductions: Expenses for the year Less provision for depreciation not requiring cash Investments purchased Purchase of fixed assets Other Payables at January 1, 1965: Trade accounts Payroll Due to other funds Less payables at December 31, 1965: Trade accounts. Payroll Due to other funds $117,745018 2,725.07 $ 66,619.07 94'G4 71.66 $104,910.91 635.34- 54,346.47 719.79 7.06 $115,020.11 30,000.00 493.74 16.10 66,785.37 $212,315.32 $ 6,096.01 160,619.57 $166,715.58 $ 87,911.02 237.56 54.74 88,203.32 124,112,00 Balance at December 31, 1965 $ 42,603058 ®73m SEWER RENTAL FUND FIXED ASSETS VILLAGE OF EDINA Year Ended December 31, 1965 ALLOWANCE FOR DEPRECIATION Land improvements Balance $ 142.26 Balance Furniture and fixtures January 1, 147.62 December 31, Trucks 1965 Additions 1965 ASSETS 14,187.16. 2,175.19 16,362.35 Land improvements 3,416.59 $ 280003 3,696.62 Furniture and fixtures 1,817.33 77.92 1,895.25 Trucks 4,547.86 4,547.86 Equipment 25,736.11 135.79 25,871.90 $35,517.89 $ 493.74 $36,oll.63 ALLOWANCE FOR DEPRECIATION Land improvements 770.06 $ 142.26 912.32 Furniture and fixtures 1,150.41 147.62 1,298.03 Trucks 3;377.86 260.00 3,637.86 Equipment 14,187.16. 2,175.19 16,362.35 $19,485.49 $29725.07 $22,210.56 NET BALANCE $16,032.40 $13,801.07 74, LIQUOR DISPENSARY FUND BALANCE SHEET VILLAGE OF EDINA December 31, 1965 ASSETS CURRENT ASSETS Cash: Demand deposits 18,241.04 Deposits in transit 23,042.93 41,283.97 Working funds 3,000.00 44,283.97 Investments — at cost: Federal Intermediate Credit Bank Debentures — 4.6 %.. 509000.00 Village of Edina — Waterworks Revenue Bonds of 1959 26,840.55 Accrued interest 503.34 77,343.89 Due from Golf Course Fund 6,475.00 Merchandise inventory — at.cost (first —in, first —out m2thod) : Liquor $243,104.07 Wine 41,491.54 Beer 10,099.42 Mix and miscellaneous 2,427.97 297,123.00 Prepaid expenses: Unexpired insurance $ 39422.85 Supply inventory 400.00 3,822.85 TOTAL CURRENT ASSETS $429,048.71 LOAN TO GOLF COURSE FUND 185,000.00 FIXED ASSETS — at cost Land Land improvements Building Furniture, fixtures and equipment Leasehold improvements Less allowance for depreciation and amortization LIABILITIES AND SURPLUS CURRENT LIABILITIES Trade accounts payable Accrued payroll Due to General Fund SURPLUS Invested in fixed assets Available $ 16,500.00 $ 3,412.66 75,331.92 44,982.69 28 ,172.74 $151,900.01 81,032.06 70,867.95 87,367.95 TOTAL CURRENT LIABILITIES 87,367.95 571,322.38 $701,416.66 39;471.11 2,870-90 384.32 $ 42,726.33 658,690.31 $701,416.66 75— LIQUOR DISPENSARY FUND STATEMENT OF SURPLUS VILLAGE OF EDINA Year Ended December 319 1965 Invested in Fixed Total Available Assets Balance at January 1, 1965 $585,782.43 $488,756.17 $ 97,026.26 Additions: Net income for year 302,907.90 302,907.90 $888,690.33 $791,664.07 $ 97,026.26 Deductions: Transfer to General Fund Transfer to Park Fund Transfer to Park Construction Fund Transfers: Provision for depreciation Additions to fixed assets Balance at December 31, 1965 * Indicates red figure. $76,934.00 $ 76,934.00 58,066.00 58,066.00. 95,000-00 95,000-00 $230,000-00 $230,000-00 $ - $658,690.33 $561,664.07 $ 97,026.26 10,943.99 10,943.99* 1,285.68* 1,285.68 $65$9'690.33 $571,322.38 $ 87,367.95 76- Sales: Liquor Wine Beer Mix and miscellaneous Less bottle refunds Cost of sales: Inventory at January 1st Purchases Inventory at December 31st LIQUOR DISPENSARY FUND #STATEMENT OF INCOME AND EXPENSE VILLAGE OF EDINA NET SALES GROSS MARGIN Year 50th,Stteet Southdale Grandview li $541,648.79 $490,817.36 $232,467.61 85,572.18 85,606.34 38,745.41 130,802.81 87,097.76 55,631.29 13,898.20 9,533.58 7,837.62 $771,921.98 $673,055.04 $334,681.93 2,498-17 1,995_.22 1,578. $769,423.81 $671,059.12 $333,103.49 $134,469.55 557,446.94 $691,916.49 115,905.73 $576,010.76 $193,413.05 8117,725.40 473,740.66 $591,466.06 93,919.61 $497,546.45 $173,512.67 V55,565-33 279,430.24 $334,995.57 87,297.66 $247,697.91 $ 85,405.58 To to 1 $1,264,933.76 209,923.93 273,531.86 31,269.40 $1,779,658.95 6,072-53' $1,773,586.42'' i $ 307,760.28 1,310,617.84 $1,618,378.12! 297,123.00' $1,321,255.12; $ 4529331.30 i )perating expenses: Selling $ 30,889.61 $ 24,568.16 - $ 19,341.91 $ 74,799.681 Occupancy 13,693.74 20,277.30 19,390.46 53,361.50 Administrative 14,177.79 13,639.88 8,751.57 36,569.24; TOTAL OPERATING EXPENSES $ 58,761.14 $ 58,485.34 $ 47,483.94 $ 164,730.42 NET OPERATING INCOME $134,651.91 $115,027.33 $ 37,921.64 $ 2879600.88, )ther income: Cash discount Cash over or (under) Other Income on investments Depreciation and amortization included in expenses 2,985.90 - 2,452.68 1,429.35 195.97 .30.49 ( 3.24) 192.11 $1389025.89 $117,510.50 $ 39,347.75 NET INCOME 6,867.93 223.22 192.11 1 $ 294,884.141 8,023.76 $ 302,907.90 $ 5,546.42 $ 2,215.25 $ 3,182.32 $ 10,943.99 dote A - The Grandview store was opened on November 23, 1964. 1964 Total $1,177,370.05 186,175.29 245 ,009.83 27,003.03 $1,635,558.20 2,761.04 $1,632,797.16 $ 254,969.77 1,276,546.76 $1,531,516.53 307 ,760.28 $1,223,756.25 $ 409,040.91 $ 65 , 5 54.59 36,230,.78 33,469.22 $ 135,254.59 $ 273.,786.32 6,392.21. .220.69 195.39 $ 280,594.61 3,881.89 $ 284,476.50 $ 8,743.93 Increase .39 .36 rer Uen t. w 1 9 ive t. Jd IL b 6 5 2.53 1964 Decrease* 50th Street Southdale Grandview '(A) Total Total 87,563.71 17.94% 17.51% 11.81% 16.63% 17.18% 23,748.64 ,I 28,522.03 . 4,2.66.37 $144,100.75 3,311.49 $140,789.26 100.00% 100.00% 100.00% 100.00% 100.00% $ 52,790-51 I 34,071.08 86.,861.59 10 , 637.28* 9 97,498.87 74.86 ,74-14 74.36' 74.50 74.95 $ 43,290.39 25.14% 25.86% 25.64% 25.50% 25.05% $ 9,245.09 4.02% 3.66% 5.81% 4.21% 4.01% 17,130.72 1.78 3.02 5.82 3.01 2.22 3,100.02 1.84 2.04 2.63 2.06 2.05 29,475.83 7.64% 8.72 14.26% .28 8.28 $ 13,814.56 17.50% ;17.14% 11.38% 16.22% 16.77% 475.72 .39 .36 .43 .39. .39 2.53 .03 .01 .01 .O1 3.28* .02 ..01 4'01 $ 14,289.53 17.94% 17.51% 11.81% 16.63% 17.18% 4,141.87 $ 18,431.40 $ 2,200.o6 -77- LIQUOR DISPENSARY FUND OPERATING EXPENSES VILLAGE OF EDINA Note A - The Grandview store was opened on November 23, 1965• 78- Year Ended December 31 1 9 6 5 1 9 6 4 Increase - Decrease* 50th Street Southdale Grandview Total'"'t,:Street. .� Southdale Grandview (A) Total 50th Street Southdale Grandview A Total Selling: Salaries and wages $29,310.45 _, $23,164.78 $18,637,51 $ 719112.74 $32,652.84 '� $27,852.74 $2,242.31 $:62,747.89 $3342.39* $4,687.96# $16,395.20 $ 8,364.85 Supplies 1941..40 19120.91 619.99 3,159.30 19227.50 1,116.28 193.74 2,537.52 190.90 4.63 426.25 621.78 Licenses and dues 43.00 23.00 23.00 89.00 76-50 12.50 89.00 33.50* 10,50 10.98 23.00 - 10.98 Pro -rata promotion 191.16 191.16 ! 180.18 180.18 1117.76 ` -68.31 61.41 .247.48 Service contracts 117.76 30,889.61 68.31 $249568.16 61.41 $19,341.91 247.48 $ 749799.68 $339956.84 ! $29,'161,70 $2,436.05 -,.; $ 659554.59 $31,067.23* $4,593.54* $16',905.86 $ 9,245.09 Occupancy: '" Salaries and wages $ 170.14 $ 37.93 $ 208.07 $ 44.06 $ 237.42 $ 243.69 $ 525.17 $ 126.08 $ 237.42` $ 205.763 $ 317.103 Rent $.1491$2.02 10,623.06 24,775.08 13,779.24 19325.00 15,104.24 372.78 9,298.06 9,670.84 Telephone Supplies 327,95 347.18 272.33 116.72 227.03 464.16 82V, -31 928.06 324.30 184.65 270.00 139.28 .49.96 356.95 644.26 680.88 3.65 162.53 2.33 22.56* 177.07 107.21 183.05 247.18 Light and power 19483.92 1,079.71 19591.00 4,154.63 19660.75 1,143.87 159.05 2,963.67.. 176.83` 64.16# 1,431.95 1,190.96 Maintenance and refrigeration 405.90 36.00 441.90 405.90 36000 441.90 `.Heat 500.68 445.97 946.65 504.50 105.22 609.72 3.82* 340.75 336-93 Laundry 512.50 304.99 377.13 1,194.62 444.18 227.40 31.34 702.92. 68.32 77.59 345.79 96.00 491.70 119.73 Burglar alarm Insurance 173.73 29222,53 1,850.28 96.00 1,330•37 269.73 59403.18 150.00 19476.41 ! 19252'•03 86.28 150.00 2,814.72 23.73 746.12 598.25 1,244 09 2,588.46 Repairs and maintenance 710.35 324.47 1,034.82 656.45 216;.49 250.05 1,122.99 53.90 11.98 216.49* 107.90* 74.42 29295.98 88.17* 2,200.06 Depreciation 59546.42 2,215.25 39182.32 109943.99 59534.44 2,323.15 886.34- 89743.93 - 275.00 155.00 Rubbish hauling Janitorial services 300.00 730.00 240.00 300.00 60.00 840.00 790.00 420.00 690.00 1 240.00 1 60.00 25.00 45.00 685.00 795.00 120.00* 40.00 60.00* 15.00 5.00'` Miscellaneous 262.44 10.00 331.02 603.46 255.78 7.50 263.28 6.66 2.50 331.02 340.18 Painting 13,693.74 $209277.30 $199390.46 x,53,361.50 425.00 $12,770.52 1 $199896.38 3,563.88 425.00 $ 369230.78 425.00* $ 923.22 8 380.92 $15,826.58 425.00* $17,130.72 Administrative: Salaries and wages $10,159.12 $ 99559.09 $ 79939.98 $ 27,658.19 $12,784.49 $109475.32 $ 770.84 $ 249030.65 $2,625.37* $ 916.23* $ 7,169.•14 $ 3,627.54, Supplies 301.90 334.30 299.09 935.29 684.90 ' 604.80 1,289.70 ;383.00* 270.,50* 299.09 354.41* Professional services 846.04 746.06 512.50 2,104.60 1,001.27 851.33 1,852.60 155.2331 105027* 512.50. 252.00 Allocated expense retirement, insurance, office supplies, etc. 2,712.00 2,676.00 59388.00 3,240.00 2,568.00 5,808.00 528.00* 108.00 420.00, Miscellaneous 158.73 2 483.16 87.20 1 2 1 81 7 85.55 856.39 8.27 33,469.22 71.53 620.07* 8.91 $1,175.09 * 85.55'- $ 7,895.18 5.11* 3,100.02 $14,177.79 1 6 .88 $ 8,751.57 $-36,569.24 $17,797.86 TOTAL $58,761.14 $58,485.34 $47,483.94 $164,730.42 . $64,525.22 1 $63,873.05 I $69856.32 $1359254.59 $5,764.0811 $5,387.71* $40,627.62 $299475.83 Note A - The Grandview store was opened on November 23, 1965• 78- LIQUOR DISPENSARY FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1965. Balance at January 1, 1965 Additions: Gross sales Sale of investments Cash discounts Interest received on investments Other revenue Deductions: Merchandise purchased Bottle refund Operating expenses Less depreciation included therein not requiring cash Transfers: General Fund Park Fund Park Construction Fund Investments purchased Additions to fixed assets Increase in prepaid expenses Decrease in liabilities: Balance at January 1, 1965:. Trade accounts Accrued payroll Due to General Fund $164,730.42 $ 76,934.00 58,066.00 95,000.00 $ 50,168.64 3,694.35 101.76 $ 53,964.75 $1,779,658°95 100 ,000.00 6,867.93 1,336.11 415.33 $1,310,617.84 6,072.53 153,786.43 230,000.00 150,000.00 1,285.68 565.28 $ 16,571.83 1,888,278°32 $1,904,850.15 Balance at December 31, 1965: Trade accounts $39,471.11 Accrued payroll 2,870.90 Due to General Fund 384.32 42,726.33 11,238.42 1,863,566.18 Balance at December 31, 1965 $ 41,283 97 -79- LIQUOR DISPENSARY FUND FIXED ASSETS VILLAGE OF EDINA Year Ended December 31, 1965 ASSETS La nd Land improvements Building Furniture, fixtures and equipment Leasehold improvements ALLOWANCE FOR DEPRECIATION AND AMORTIZATION Land improvements Building Furniture, fixtures and equipment Leasehold improvements Balance Balance January 1, December 31`,. 1965 Additions 1965 16 , 500.00 $ 16,500-00 3,412.66 3,412.66 75,331.92 75,331.92 43,697.01 1,285.68 44,982,69 28,172.74 28.172.7L $167,114.33 1,285.68 $168,,400.01 1,142.97 $ 139.93 1,282.90 36,766.50 3,900.73 40,667.23 18,790.62 3,600.37 22,390.99 13,387.98 3,302.96 16,690.94 $ 70,088.07 $10,943.99 $ 81,032.06 NET BALANCE $ 97,026.26 $ 87,367.95 CASH — ALL FUNDS VILLAGE OF EDINA December 31, 1965 Demand and Time Working Deposits Funds Total Fund: General: Current $111,836,52 $ 550.00. $112,386.52 Poor: . . Current 29624,75 2,624.75 Park: Current 3,144:54 .3,144.54 Swimming Pool: Current 531.92 531.92 Golf Course: Current 73,422.48 50.00 73,472.48 Recreation Center: Current 48,984.95 223.45 49,208.40 Park Sinking: For bonds and interest 309511.65 30,511.65 Park Construction: For construction 99,040.02 99,040.02 Improvement: Current $250,197.89 For bonds and interest 62,565.21 For construction 10,179.04 $322,942,14 $322,942.14 Waterworks: Current 21,283.113 Appropriated 22,348.75 $ 1,065.64 $ 1,065.64 Sewer Rental: Current 42,603.58 42,603.58 Liquor Dispensary: Current 41,283.97 3,000.00 44,283.97 TOTAL $7779992.16 $3,823.45 $781,815.61 Depository: Demand deposits: First Edina National Bank $192,190.51 First Southdale National Bank 280,980.85 Midland National Bank 4,820.80 $4779992-16 Time deposits: First Edina National Bank 100,000,00 First Southdale National Bank 100,000,00 Franklin National Bank 100,000.00 $300,000.00 Working funds 3,823.45 $781,815,61 # Indicates red figure. — 81— SECURITY FOR DEPOSITS I VILLAGE OF EDINA December 31, 1965 Security for Deposits Deposits Principal Book Bank Amount Description Due Date i First Edina National Bank — demand deposit $192;190`..51 :. $3211,325:.06 $200,000.00 United States Treasury1'notes February 15, 1967 do certificate of deposit 100,000.00 100,000.00 200,000.00 United States Treasury I notes November 15, 1973 10,000.00 Federal Deposit Insurance TOTAL $2929190.51 $421,325.06 $410,000.00 First Southdale National.Bank — demand deposit $280,980.85 $260,103.86 $ 10,000.00 Village of Edina Improvement bonds March 1, 1966 do certificate of deposit 100,000.00 100,000.00 10.,000.00 Village of Edina Improvement bonds March 1, 1967 5,000.00 Village of Edina Improvement bonds September 1, 1970 5,000.00 Village of Edina Park System bonds March 1, 1972 50,000.00 United States Treasury notes August 15, 1966 50,000.00 United States Treasury notes August 15, 1968 100,000.00 United States Treasury notes August 15, 1972 100,000.00 United States Treasury notes August 15, 1973 100,000.00 United States Treasury motes February 15, 1974 10,000.00 Federal Deposit Insuranice TOTAL $380,980.85 $360,103.86 $440,000.00 Midland National Bank — demand deposit $, 4,820.80 $ 4,-820.80 '.$125,000.00 United States Treasury notes August. 15, 1966 10,000.00 Federal Deposit Insurance TOTAL $ 4,820.80 $. 4,820.80 $135,000.00 Franklin National Bank — certificate of deposit $100,000.00 $100,000.00 $100,000.00 United States Treasury notes November 11, 1966 50,000.00 United States Treasury notes November 15, 1971 10,000.00 Federal Deposit Insurance I TOTAL $100,000.00 $100,000.00 i i $160,000.00, I 82— Description United States Treasury bills do do Federal Intermediate Credit Bank Debentures do do do do do Village of Edina, Minnesota:- 1955 Improvement Bonds 1957 Improvement Bonds 1958 Improvement Bonds 1959 Improvement Bonds 1960 Improvement Bonds 1962 Improvement Bonds 1957 Park Bonds 1962 Park Bonds 1955 Waterworks Revenue Bonds 1958 Waterworks Revenue Bonds Municipal State —Aid Street Bonds Land investments FUND OWNERSHIP Improvement Funds General Poor Golf Course Park Sinking Park Construction Waterworks Park Liquor Dispensary INVESTMENTS VILLAGE OF EDINA December 31, 1965 Maturity Interest Rate 'Face Amount 25,000.00 March 1, 1974 to 1979 February.289')1966 Discounted $ 600,000.00 April 30, 1966 do 1009000.00 February 159`1970 do 150,000.00 29,000.00 September 850,000.00 April 4, 1966 4.35% 1509000.00 May 2, 1966 4.30 150,000.00 June 1, 1966 4.35 300,000.00 July 5, 1966 4.35 100,000.00 August 1, 1966 4.45 1009000.00 September 1, 1966 4.60 11000,000.00 $1,800,000.00 March 1, 1977 2.90% 25,000.00 March 1, 1974 to 1979 3.90 31,000.00 March 1, 1966 to 1967 2.70 10,000.00 June 1, 1966 to 1969 2.75 to 3.75 29,000.00 September 1,1970 3.30 32,000.00 December,l, 1.969 to :... 1970 2.70 25,000-00 March 1, 1968 to 1970 3.70 ,6,000.00 December 1, 1969 to 1970 2.70 209000.00 March 1, 1965 to 1970 -:(.1',! 2.30 to 2.50 15,000.00 September 1, 1971 to 1974 3.40 to 3.50 27,000.00 June 1'5, 1967 and September 15, 1967 2.50 135,000.00 $ 355,000-00 27,146.55 TOTAL -$3,0329146.55 Face Amount December 31, 1965 Carrying Amount December 31, 1965 $2,5579-118.00 $2,557x1118.00 167,028.55 167,028.55 20,000..00 20,000.00 30,000-00 31,040-56 40,000.00 40,000.00 16,000.00 16,000.00 95,000.00 95,364.17 30,000.00 30,000.00 77,000.00 77,343.89 TOTAL $3,032,146.55 $3,033,895.17 83- Taxable va.luation: Real estate Personal property Tax levies extended: Extended in year Collectible in year General Parks Bonds and interest Poor and public nursing Firemen's relief Fire protection Hennepin County park, Tax rate by mills: General Parks Bonds and interest Poor and public nursing Firemen's relief Fire protection Hennepin County park TAXABLE VALUATIONS, TAX LEVIES AND RATES VILLAGE OF EDINA December 31 1965 1964 $35,250,135.00 333,666,989.00 2,436,976.00 2,300,415.00 TOTAL 037,687,111.00 $35,967,404.00 TOTAL TOTAL 1965 1966 934,640.35 75,374.22 67,836.80 12,436.75 4,145.58 11,306.13 4,522.45 $ 1,110,262.28 24.80 2.00 1.80 •33 .11 .30 .12 29.46 1964 1965 858,073.70 71,925.71 66,890.91 12,227.37 3,596.29 10,788.86 5,034.80 $ 1,028,537.64 2.00 1.86 •34 .10 .30 .14 28.60 84- OFFICIAL BONDS VILLAGE OF EDINA December 31, 1965 . t Position ' Name Bond Expires Amount t Surety On file with Clerk— Treasurer: Blanket position Police department employees j February 28, 1967 $ 5,000.00 American Casualty Company Blanket position All Village employees not otherwis-e% required by law to be specifi- cally bonded February 28, 1967 $50,000.00 American Casualty Company Treasurer J. N. Dalen May 1, 1967 $50,000.00 American Casualty Company Village Clerk Florence B. Hallberg May 1, 1967 $ 500.00 American Casualty Company Deputy Assessor Loukas M. Angelus May 1, 1967 $ 500.00 American Casualty Company Deputy Assessor Kent Swanson May 1, 1967 500.00 American Casualty Company On file with County Auditor: �. Assessor Donald Kearns ! Indefinite $ 500.00 The Aetna Casualty and Surety Company INSURANCE COVERAGE VILLAGE OF EDINA December 31, 1965 Automotive: Bodily injury Property damage Comprehensive Village liquor stores: Comprehensive glass breakage Liquor liability Business interruption - 50th Street Business interruption - Southdale Business interruption - Grandview Burglary, robbery and theft - within premises Burglary, robbery and theft - outside premises Burglary, robbery and theft - merchandise $500 / 1,000 ,000 100,000 Actual cash value Actua1(B) 1,000 ,000 (B) 97,500 79,800 85,000 5 ,000 (B) 5,000(B) 7,500(B) (C) Fire and Extended Coverage Building Contents Other Building and contents: Village Hall $4059000 $54,000 Library 279900 Village garage 2979000 189000 Municipal liquor store - 50th Street 599000(A) 10,800 Municipal liquor store - Southdale 7,200 Municipal liquor store - Grandview 209000 Municipal golf course 1219500 99000 Municipal recreation center 3429900 949950 Municipal swimming pool 135,000 Water reservoir 2709000 Pumping stations: Number 1 429750 459000 Number 2 89100 99900 Number 3 8,100 109800 Number 4 36,000 639000 Number 5 109800 10,800 Number 6 99000 109800 Number 7 79200 109800 Number 8 109800 149400 Number 9 549000 92,700 Number 10 479925 103,500 Water tower - Concord Street 999000 Water tower - 69th Street 162,000 Sanitary sewer lift station 36,000 169200 Bathhouse 45,000 139500 ,Maintenance building - golf course 59400 Inventories: Liquor store — Southdale $ 175,000(D) Liquor store - 50th Street 200,000(D) Liquor store - Grandview 125,000(D) Automotive: Bodily injury Property damage Comprehensive Village liquor stores: Comprehensive glass breakage Liquor liability Business interruption - 50th Street Business interruption - Southdale Business interruption - Grandview Burglary, robbery and theft - within premises Burglary, robbery and theft - outside premises Burglary, robbery and theft - merchandise $500 / 1,000 ,000 100,000 Actual cash value Actua1(B) 1,000 ,000 (B) 97,500 79,800 85,000 5 ,000 (B) 5,000(B) 7,500(B) (C) INSURANCE COVERAGE (Cont'd) Village golf course: .Liquor liability Burglary, robbery and theft — within premises Burglary, robbery and theft — outside premises Burglary, robbery and theft — merchandise Other insurance: General liability: Automotive non- ownership, independent contractor, and Village premises — operations: Bodily injury Property damage Workmen's compensation Edina Volunteer Fire Department group accident policy, maximum each fireman Property floater all risk — voting machines Property floater equipment other than automotitive Note A — 90% coinsurance. Note B - 50th Street, Southdale and Grandview. Note C — 40% coinsurance. Note D — Reporting form. Fire and Extended Coverage Building Contents Other 1,000,000 2,500 2,500 4,000 (C) $100 / $1,000,000 100,000 Statutory 3,000 79,200 Actual cash value —87— ORGANIZATION VILLAGE OF EDINA December 31, 1965 Village Council: Mayor: Arthur C. Bredesen, Jr. Trustees: Frank J. Tupa James Van Valkenburg Hugh J. MacMillan L. W. Rixe Richard C. Johnson Village Manager: Warren C. Hyde Village Attorney: William A. Whitlock Clerk: Florence Hallberg Treasurer and Finance Director: J. N. Dalen Assessor: Donald Kearns Prosecuting Attorney: Walter Gustafson Director of Public Works and Assistant Manager: George C. Hite Elected, Term Re— elected`-or Expires Re— appointed to December 31 December 31 1965 1967 1966 1966 1967 1965 1968 Appointed by Council 1965 1966