HomeMy WebLinkAbout1966 Financial StatementsAUDITED FINANCIAL STATEMENTS
AND OTHER FINANCIAL INFORMATION
VILLAGE OF ,EDINA, MINNESOTA
DECEMBER 31, 1966
ERNST & ERNST
I
AUDITED FINANCIAL STATEMENTS
AND OTHER FINANCIAL INFORMATION
VILLAGE OF EDINA, MINNESOTA
December 31, 1966
..v..
!!Fr. �
INDEX
ACCOUNTANTS' REPORT ON AUDITED FINANCIAL STATEMENTS........ PAGE 4
COMMENTS AND ACCOUNTANTS' REPORT ON OTHER FINANCIAL
INFORMATION..........
....... ...............................
FUNDBALANCE SHEETS ......... ............................... 10
NOTETO FINANCIAL STATEMENTS ............................... 12
GENERAL FUND:
BALANCESHEET .............. ...............................
13
STATEMENTOF SURPLUS ...... ...............................
14
ANALYSIS OF CHANGE IN CASH BALANCE .......................
15
REVENUE........
17
EXPENDITURES.............. ...............................
CENTRALSERVICES .......... ...............................
21
FIXEDASSETS.... o ... o ...................... o---o .........
FUNDS).
22
23
STATEMENT OF REVENUE AND EXPENDITURES (MORNNGSDE
BONDSPAYABLE ............. ...............................
24
POOR FUND:
BALANCESHEET ............. ...............................
25
26
STATEMENT OF SURPLUS — UNAPPROPRIATED ... ..... I............
STATEMENT OF REVENUES AND EXPENDITURES ...................
26
ANALYSIS OF CHANGE IN CASH BALANCE .......................
27
PARK FUND:
BALANCESHEET ............. ............................... 28
STATEMENT OF UNAPPROPRIATED SURPLUS ...................... 29
ANALYSIS OF SURPLUS INVESTED IN FIXED ASSETS ............. 29
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 30
REVENUEAND EXPENDITURES .... ............................... 31.
FIXEDASSETS....... ........ ............................... . 32.
A,, SWIMMING POOL FUND:
BALANCESHEET ............. ............................... 33
STATEMENTOF SURPLUS ...... ............................... 34
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 35
STATEMENT OF INCOME AND EXPENSE .......................... 36
STATEMENT OF INCOME AND EXPENSE (CONCESSIONS ONLY) ....... 37
FIXEDASSETS ............... ............................... 38
y� GOLF COURSE FUND:
BALANCE SHEET......... .. .... •.• .......... 39
STATEMENT OF SURPLUS ..................... 40
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 41
STATEMENT OF INCOME AND EXPENSE .................... 42
STATEMENT OF INCOME AND EXPENSE — OPERATING DEPARTMENTS.. 44
FIXEDASSETS .............. ............................... 45
BONDSPAYABLE ............. ............................... 46
�RECREATION CENTER FUND:
' BALANCE SHEET........ 47
.................
STATEMENTOF SURPLUS ..... ............................... 48
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 49
STATEMENT OF INCOME AND EXPENSE .......................... 50
FIXEDASSETS .... ... ....... .............................. 51
BONDSPAYABLE... . o .... 000 ...... o ........... o ... oo-000 .... 52
INDEX (Cont'd)
PARK SINKING FUND:.
BALANCESHEET .............. ............................... PAGE 53
STATEMENTOF SURPLUS ...... ............................... 54
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 55
BOND AND INTEREST MATURITIES AND DEFERRED TAX
LEVIES.......................... ..............6..... 56
PARK CONSTRUCTION FUND:
BALANCESHEET ............... ............................... 57
ANALYSIS OF RESERVE FOR CONSTRUCTION ..................... 58
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 59
FIXEDASSETS ............... ............................... 60
IMPROVEMENT FUNDS:
COMBINEDBALANCE SHEET ..... ............................... 62
STATEMENT OF SURPLUS UNAPPROPRIATED .................... 63
ANALYSIS. OF CHANGE IN CASH BALANCE ....................... 64
BONDSPAYABLE ............. ............................... 66
WATERWORKS FUND:
BALANCESHEET ............. ............................... 67
NOTESTO BALANCE SHEET .... ............................... 68
STATEMENTOF SURPLUS ...... ............................... 69
STATEMENT OF INCOME AND EXPENSE .......................... 70
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 72
FIXEDASSETS .............. ............................... 73
A SEWER RENTAL FUND:
BALANCESHEET ............. ............................... 74
STATEMENTOF SURPLUS ...... ............................... 75
STATEMENT OF INCOME AND EXPENSE .......................... 76
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 77
FIXEDASSETS .............. ............................... 78
LIQUOR DISPENSARY FUND:
BALANCESHEET ............. ............................... 79
STATEMENT OF SURPLUS .............. 80
STATEMENT OF INCOME AND EXPENSE— ....................... 81
OPERATINGEXPENSES .... ............................... 82
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 83
FIXEDASSETS ....... ............................... ..... 84
GENERAL:
CASH— ALL FUNDS .......... ............................... 85.
SECURITYFOR DEPOSITS ..... ............................... 86
INVESTMENTS.................... 87
TAXABLE VALUATIONS, TAX LEVIES AND RATES ................. 88
OFFICIALBONDS... o ............. o.o ..... o ... o.o .......... o 89
INSURANCECOVERAGE ........ ............................... 90
ORGANIZATION... ............................... ......... 92
1�7Ti1T�
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, 1966 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, 1966 and its various special funds
and the results of their operations for the year then ended, in conformity with
generally accepted accounting principles applied on'a basis consistent with that
of the preceding year.
Minneapolis, Minnesota
April 28, 1967
-4-
ERNST & ERNST
FIRST NATIONAL BANK BLDG.
MINNEAPOLIS, MINN. 55402
COMMENTS AND ACCOUNTANTS' REPORT ON OTHER FINANCIAL INFORMATION
Village of Edina
Edina, Minnesota
The audited financial statements of the various. funds of the Village consisting-
of balance sheets and statements of revenues and expenditures or income and ex-
pense, and surplus and our report thereon are presented in appropriate sections
of this report. Financial information not specifically referred to above and
financial information contained in the following comments is not considered
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 obtailnedf, romrinon= accountli,ng.,records, o,f
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, 1966 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, 1966 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 reveivable from water and sewer rental charges at December 319 1966 were
tested by direct correspondence and by review of the records for subsequent col
lections. Differences reported were not material and were explained to our satis-
faction.
-5-
Current and delinquent taxes and special assessments and tax settlements received
during the year were confirmed by direct correspondence with the County Auditor.'
We reviewed delinquent taxes reported to us and adjusted the balances to conform
to the County Auditor's balances. Transactions pertaining to special assessments
receivable were reviewed.
Interfund transfers and charges and interfund balances were reviewed by us.
We were present at the municipal liquor stores at the time physical inventories
were taken.' We observed inventory procedures used by Village employees and tested
quantities by! independent count of items selected by us. Inventory valuations
Were tested by' reference to vendors' invoices and by tests of clerical accuracy.
Additions to and disposals from fixed asset accounts were reviewed by us and veri-
fied by inspection of contracts, invoices or other data. Allowances for deprecia-
tion charged to operating funds of the Village were reviewed by us.
We tested accounts payable by direct correspondence and by reference to disburse-
ments subsequent to December 31, 1966.
Canceled bonds and interest coupons redeemed and paid during 1966 were inspected
by us.
Official minutes of the Village Council for 1966 were read by us.
Copies of licenses and permits issued during the year were tested to recorded col-
lections.
Recreational facilities, except for equipment, of the Swimming Pool Fund;,G&lf:l
Course Fund and Recreation Center Fund are not depreciated.
COMMENTS ON FINANCIAL STATEMENTS
GENERAL FUND
Detail schedules reflecting activity and status of this fund are shown on pages 13
to 24, 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 25 to 27, inclusive.
PARK FUND
Reference is made to detail schedules elsewhere in this report as to operations of
this fund. Such details appear on pages 28 to 32, inclusive.
SWIMMING POOL FUND
Detail schedules outlining financial operations of this fund are shown on pages 33
to 38, inclusive, of this report. The net income of $59.76 is after the provision
of $6,965.00 for interest on bonded debt issued for the swimming pool facilities,
and the provision of $380.00 for depreciation on swimming pool equipment.
0
GOLF COURSE FUND
Net revenues of the Liquor Dispensary Fund are pledged to secure the payment of
obligation of the Golf Course Fund. Detail schedules outlining financial opera =,,,,
tions of this fund are shown on pages 39 to 46, inclusive, of this report. The
net income of $17,680.07 is after the provision of $26,497.00 for interest on
bonded debt issued for the golf course facilities, and the provision of $4,357.00
for depreciation on golf course equipment. $25,000.00 of the bonded debt matured
and was redeemed in 1966.
RECREATION CENTER FUND
Construction was completed in 1966. Construction costs incurred by the Park
Construction Fund were transferred to this fund. The net income of $7,522.77 is
after the provision of $14,126.00 for interest on bonded debt issued for the
recreational center facilities and the provision of $1,705.00 for depreciation
on recreational center equipment. 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 47 to 52, inclusive.
PARK SINKING'FUND
Reference is made to detail schedules on pages 53 to 56, inclusive, of this report
a's 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 57 to 61, inclusive. Fixed assets for park
purposes amounting to $88,912.55 were purchased during the year. Funds were made
available from a $87,000.00 transfer from the Liquor Dispensary Fund and a
$100,000.00 advance from the Recreation Center Fund. Construction costs during
the year on the golf course were $5,484.00, which together with $500.00 of pre-
viously accumulated costs were transferred to the Golf Course Fund. Construction
costs during the year on the Recreation Center were $20,221.18. Total accumulated
costs of $543,137.681,were transferred to the Recreation Center in 1966.
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 62 to
66, 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.
Funds in the amount of $3,500,000 were made avialable from the sale of General
Obligation Improvement Bonds in 1966. A portion of the proceeds were used to
redeem $2,600,000 of Temporary Improvement Bonds dated December 1, 1964 and 1965
and maturing December 1, 1966. The balance of the proceeds ($900,000) were used
to finance current construction.. The bonds will be redeemed with funds made
available from special assessments.
WATERWORKS FUND
Reference is made to detail schedules elsewhere in this report as to operations of
this fund. Such details appear on pages 67 to 73, inclusive.
Net income of the fund amounted to $42,460.73 as compared to net loss of $20,320'.65
In 1965. The principal reasons for this change may be summarized as follows:
Increase in income from sales of water,
water-meters and other income
Increase in income on investments
Decrease in interest on bonded debt
Less:
Increase in depreciation
Increase in other expenses
$81,138.19
2,169.35
1.050.'71
$84,358.25
$12,493.28
9.083.59
$21,576.87
INCREASE IN NET INCOME $62,781.38
SEWER RENTAL FUND
Reference is made to detail schedules elsewhere in this report as to operations of
this fund. Such details appear on pages 74 to 78, 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 79 to 84, inclusive.
Net income of the fund amounted to $287,916.57 for the year. Of this amount,
$220,000.00 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.
0
SECURITY.FOR DEPOSITS
Reference is made to schedule on page 86 of this report showing details of deposits
of the Village and securities pledged as collateral thereto at December 31, 1966.
Security for deposits at the First.Edina National Bank were inadequate with re-
spect to dompliance 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.
Balance on °deposit
Security for deposit:
Collateral at 90% of market
Federal deposit insurance
First Edina
National Bank
$501,437.03
$439,520.00
.15,000.00
$454,520.00
BONDING REQUIREMENTS.
All Village employees who are required to be bonded by Minnesota statutes were so
bonded.
PUBLICATION OF FINANCIAL STATEMENTS
A detailed financial statement was not prepared and published or posted as required
by M. S. A. Section 412.281.
i
Minneapolis, Minnesota
April 28, 1967
0
Total
General
ASSETS
Cash:
Current funds
626,442.15
181,466.96.
Appropriated
22,091.75
$
648,533.90
$
181,466.96
Investments:
United States Treasury notes and bills and
United States Government Agency securities
at face value or cost
$
2,541,651.80
$
.287,107.50
Village of Edina bonds — at face value or cost
231,173.20
Land'investments — at cost
—
$
2,772,825.00
$.
287,107:50
Amount segregated and shown below
70,384.50
$
2,702,440.50
$
287,-107.50
Receivables:
Taxes and special assessments:
Current
$
1,533,194.10
$
32,785.15
Delinquent
330,597.86
48,666.59
Deferred
7,695,226.50
44,342.63
Customers
73,619.70
Due from other funds
414,831.47
Miscellaneous receivables
20,070.94
206070.94
$10,067,540.57
$
145,865.31
Less allowance for delinquent taxes
788,557.26
48,666.59
$
9,278,983.31
$
97,198.72
Inventories
304,889.79
10,000.00
Prepaid expenses
31,469.17
Segregated investments for reserve for
debt retirement
70,384.50
Construction in progress
2,775,464.29
Fixed assets
9,588,657.17
1,904,213.87
Unallocated construction costs
90;844.77
$25,491,667.40
$2,479,987.05
# Indicates ied figure.
$17,000.00
17,000.00 - -
$17,000.00 $ - $ -
$22,846.34
600.00
. i
456,317.84
$ 47,851 25
$ 1Q,000.00
I i
$ 47,851.25 $ _:. $ 10,000.00
I
$ 47,851.25 $ - $ 10,000.00
i
$ 51,800.00
-748.40
$ 218.08
'
FUND BALANCE SHEETS
823,000.00 �
I
II
j
15,715.50
VILLAGE OF EDINA
$ 11,827.32
$891,263.90 .
i
December 31, 1966-
.
$ - $ 218.08.
$ 11,827.32
$846,775,50 -
...Swimming
Recreation
Park
Park
Poor
Park Pool Golf .Course
Center
Sinkinq
I Construction
$ 5,846.34
30.,732.97 3,538.91# :. 4,001.16'.
47,002.04
74,842.22
43,544.40
5j846-34,
30,732.97' 39538.91 *. .' 49001.16
47,002.04
$:.74,842.22
43,544.40
I
$17,000.00
17,000.00 - -
$17,000.00 $ - $ -
$22,846.34
600.00
. i
456,317.84
$ 47,851 25
$ 1Q,000.00
I i
$ 47,851.25 $ _:. $ 10,000.00
I
$ 47,851.25 $ - $ 10,000.00
i
$ 51,800.00
-748.40
$ 218.08
$ 4,965.00
823,000.00 �
6,862.32
15,715.50
— $, , - ` 218.08
$ 11,827.32
$891,263.90 .
44,488.40
$ - $ 218.08.
$ 11,827.32
$846,775,50 -
1,779.40
208.00
1,558.35
212,325.98
$487,650.81 $208,787.07
i
296.00 i
977,375.23 555,328.84
I
$1,0299949.72 $617,495.95 $931,617.72
I.
:I
.Improvement
$ 24,642.37
,$. 24,642.37
$ 50,000.00 $ 2,000,000.00
16,000.00 161,000.00
6.503.00,
66,000.00 2,167,503.00
$ 66,000.00 $ 2,1679503.00
$ 65,000.00
$ 65,000.00
65,000.00
643,074.16
527,901.81
$1,345,520-37
$ 1,448,608.95
281,182.87
618270883.87
109,105.50
8,666,781.19
695.402.27
$ 7,971,378.92
25,555.69
2,132,094.13
90,844.77
$12,412,018.88
Waterworks
I
$ 4'1,0.98.96
22 091-75
63,190.71
$ 102,338.80
$- .102,338.80
70.384.50
$ •31,954.30
$ 47,100.40
26,606.15
$ 73,706.55
$ 73,706.55
15,054.40.
449.88
70,384.50
4,863,450.00
$5,111'8,190.34 `
Sewer Liquor
Rental Dispensary
$ 7,102.29 $169,701.35
7,102.29 $169,701.35
$ 471851.25
$ 47,851.25
$ 47,851.25
$ 21,336.22
$ 21,336.22
$ 21,336.22
24.00'
13,196.77
$ 89,510.53
$ 27,173.20`
$ 27,173.20
$ 27,173.20
$191,542.00
$191,542.00
$191,542.00
277,455.99
3,673.25
78,546.83
$748,092.62
-10-
LIABILITIES, RESERVES AND SURPLUS
Due to other funds
Accounts payable
Salaries and wages
Due'to Hennepin County
Interest payable
Deferred income
Construction and other 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
$ 414,831.47
203,174.99
.8,516-30
10,429.95
35,739.35
8,543.00
141,198.52
16,511.96
320,031.12
430.01
22,156.85
251,804.38
12,822,000.00
51,823.00
192,986.83
7,992,218.42
550.00
181,276.25
167,100.00
2,650,285.00
$25,491,667.40
General
13,048.02
62,710.17
2,482.88
1,728.68
51,158.26
16,511.96
78,000.00
1,904,213.87
550.00
167,100.00
182,483.21
$2,479,987.05
FUND BALANCE SHEETS (Cont'd)
Park ..
Construction
$ 6,862.32
2,447.50
165,234.58
456,317.84 2129325.98 12,191.16 'i 1,170,975.97
. - 1
,52,300.00 369500.00
22,646.86. 4,854.43 ( 19.272.69) ( _79,766.01) ( 214.51) 35,667.72
$229846.34 $4879650.81 $208,787.07.. $1,029i%9.72 $617,495.95 $931,617.72 $1,3459520.37
- I
i
i
i
Improvement.
$ 22,663.63
2,027.69
10,429.95
90,040.26
320,031.12
430.01
W"rIW.T.ZiW�
$
Sewer Liquor
Rental. Dispensary
1,682:.44 $103,340'37 $ 20,428.37
214.28 167.43 39057.35
.,479.00
10,085,000.00
Swimming
,
Recreation
Park
Poor Park
Pool
Golf-Course
Center
Sinking
4,144,450.00
15,715.50
256,542.00.
$100,000.00
$ 199.48 $ 2,079.81
18.28
825.25
5,415.63
$5911'91190.34 $ 899510.53 $748,092.62
i
.I
I
i
2,241.88
48.48
364.00
4,696.67
$ 24,835.00
8,543.00
22,156.85
181,115.00
:800,000.00
450,000.00
690,000.00
Park ..
Construction
$ 6,862.32
2,447.50
165,234.58
456,317.84 2129325.98 12,191.16 'i 1,170,975.97
. - 1
,52,300.00 369500.00
22,646.86. 4,854.43 ( 19.272.69) ( _79,766.01) ( 214.51) 35,667.72
$229846.34 $4879650.81 $208,787.07.. $1,029i%9.72 $617,495.95 $931,617.72 $1,3459520.37
- I
i
i
i
Improvement.
$ 22,663.63
2,027.69
10,429.95
90,040.26
320,031.12
430.01
W"rIW.T.ZiW�
$
Sewer Liquor
Rental. Dispensary
1,682:.44 $103,340'37 $ 20,428.37
214.28 167.43 39057.35
.,479.00
10,085,000.00
71y,000.00
,
51,823.00
27,752.25
4,144,450.00
139196.77 78,546.83
92,476.25
1,731,131.59
1 888.7 ( 27.194.04) 646.060.07
I'
$12,412,018.88
$5911'91190.34 $ 899510.53 $748,092.62
i
.I
I
i
—11—
NOTE TO FINANCIAL STATEMENTS
VILLAGE OF EDINA
December 31, 1966
Note A — ANNEXATION OF VILLAGE OF MORNINGSIDE
On September 1, 1966 the Village of Morningside was annexed by the Village of Edina.
The Village of Edina carried forward the September 1, 1966 balances of the various
funds of the Village of Morningside and kept a separate record of the receipts and
disbursements from the Morningside area for the period from September 1, 1966 to
December 31, 1966 in the General Fund of the - Village of Edina. The excess of the
December 31, 1966 cash balances and special assessments receivable of the
Morningside funds over their bonds payable and other liabilities at that date has
been designated for improvements in the Morningside area and has been included in
the liabilities of the General Fund. The amount designated for Morningside improve-
ments consists of the followings
Cash balances 749340.94
Special assessments and sundry receivables 61,872.89
$136,213.83
Less bonds payable ($78,000.00) and other
liabilities 90,435.49
Amount designated $ 45,778.34
The Morningside building and equipment are included in the fixed assets of the
General Fund at December 31, 1966 at amounts. assigned by the Village of Edina.
as follows:
Building $ 20,000.00
Equipment 8,050.00
$ 28,050.00
The increases in taxable valuations of the Village of Edina resulting from the
annexation of the Village of Morningside are as follows:
Real.estate
Personal property
$1,2569445
76,041
$1,332,486
—12—
GENERAL FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1966
ASSETS
Cash:
Demand deposits
Time deposits
Working funds
Investments:
United States Treasury bills — at cost
Accrued interest
Receivables:
Accounts receivable
Special assessments — current
Special assessments — deferred
Supply inventory — estimated
Taxes receivable — delinquent
Less allowance for delinquent taxes
Fixed assets
$ 145,916.96
35,000.00 $ 180,916.96
550.00 $ 181,466.96
$ 282,810.00
4,297.50
$ 20,070.94
32,785.15
44,342.63 77,127.78
48,666.59
48,666.59
LIABILITIES AND SURPLUS
Due to other funds
Accounts payable:
Trade accounts $ 62,710.17
Accrued payroll 2,482.88
Edina Firemen's Relief Association 16,511.96
Designated 'for Morningside Improvements — Note A 45,778.34
Sundry deposits. 5,379.92
Bonds payable — Note A $ 78,000.00
Accrued interest payable 1,728.68
Appropriated surplus:
Invested 'in fixed assets $1,805,300.76
Annexed from- Morningside —
invested in fixed assets - Note A 28,050.00
Contributed — invested in fixed assets 70,863.11 $1,904,213.87
Reserve for commitments 167,100.00
For imprest cash 550.00
Surplus — unappropriated
See note to financial statements.
287,107.50
97,198.72
10,000.00
1,904,213.87
$2;479,987.05
$ 13,048.02
132,863.27
79,728.68
2,071,863.87
182,483.21
$2,479,987.05
—13—
GENERAL FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1966
APPROPRIATED
Balance at January 1, 1966
Additions (deductions):
Transfers from unappropriated surplus:
Invested in
Total Fixed Assets
$1,950,051.02 $1,775,237.91
For fixed assets — net 58,112.85 30,062.85
For commitments 63.700.00
Balance at December 31, 1966 ;,$2,071,863.87 $1,805,300.76
UNAPPROPRIATED
Balance at January 1, 1966
Additions:
Revenue — see separate schedule
Installment on voting machines
Less:
Expenditures — see separate schedule
Deduction::
General Fund share of construction costs
See note to financial statements.
Contributed by For Imprest For
Contributed Annexation Cash Commitments
$70,863.11 $ — $ 550.00 $103,400.00
28,050.00
63,700.00
$70,863-11 $ 28,05.0-00 $ 550..00 $167,100. "00
$143,432.67
I $1,546,084.88
1,624.00 - $1,547,708.88
I
1.498.137.00 49.571.88
i
$193,004.55
10,521.34
Balance at December 31, 1966 $182,483.21
GENERAL FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1966
Balance at January 1, 1966
Additions:
Receipts — per separate schedule
Sale of investments
Collection of amounts due others:
Waterworks Fund
Edina Firemen's Relief Association
Other
Collection made on accruals at
December 31, 1965
Payments received from Independent School
District No. 273 for gasoline purchases
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, 1965:
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
Morningside accounts per separate schedule:
Cash balances at date of annexation —
September 1, 1966:
Demand deposit
Time deposits
$ 111,836.52
$1,522,418.90
227,028.55
$11,295.97
16,861.96
245.55 28,403.48
52,437.16
14,748.49
740.93 1,845,777.51
$19957,614.03
$1,395,276.00
13, 301:'57
5,057.90'
$57,180.88
1,739.79
14,453.59
10,696.94 84,071.20
342,810.00
Revenue — September 1, 1966 to
December 31, 1966 $ 54,041.38
Less accruals included therein 1,026.00 $53,015.38
10,521.34 1,851,038.01
$ 106,576.02
$ 17,516.07
35,000.00
$ 52,516.07
Expenditures — September 1, 1966 . ',
to:-December 34 -1966 $ 43,626.00 I
Less accruals included therein 12,435.49 31,190.51 21,824.87 74,340.94
Balance at December 31; 1966 $, 180;916.96
Summary:
Demand deposits
Time deposits
$145,916.96
35.000.00
TOTAL $180,916.96
See note to financial statements.
-15-
GENERAL FUND
REVENUE
VILLAGE OF EDINA
Year Ended December 31, 1966
Real and personal property taxes
Other taxes
Bicycle licenses,
Beer and liquor licenses
Cigarette licenses
Dog and impounding fees
Food and soft drinks
Gas pump.-licenses,
Bowling," taxi, pinball, etc.
Plumbing licenses
Water softener installation licenses
Scavenger-and garbage collectors
Building permits
Cesspool .and sewer permits
Plumbing permits
Sign permits
Other permits and fees
Heating and ventilating
Street opening fees
Planning fees
Engineering, clerical and searches
Police service
Equipment rental
Municipal court fines
Income on investments
State apportionments - highway
State apportionments - liquor and ocigarettes.
Contribution from active funds
Charges to other funds
Sale of fixed assets
Discounts earned
Other revenue
Transfer - reserve for encumbrances
Receipts Accruals
932,950.00
34,447.00
2,118.00
.1,395.00
1,130.00
•5,912.00
4,775.00
2,860.00
175.00
150.00
678.00
40,491.00
2,612.00
13,926.00
3,514.00
799.00
4,116.00
1,980.00
.2,657.00
152,108.00
067.00
504.00 4,732.00
41,639.00 4,687.00
11,566.00 49298.00
38,833.00
110,142.00
70,700.00
14,400.00
2,818.00
1,535.00 81.00
14,421.90 2,467.98
.7,400.00
TOTAL $1,522,418.90 $239665.98
Actual Revenue
f
-16-
Over - Under *.
Estimated
Estimated
Revenues
Revenue
Revenue
$ 932,950.00
934,372.00
19,422.00#
34,447.00
33,600.00
847.00
2,118.00
.2,000.00
118.00
1,395.00
1,570.00
175.00#
19130.00
735.00
395.00
5,912.00
5,400.00
512.00
4,775.00
3,150.00
1,625.00
700.00
700.00#
2,860.00
2,745.00
115.00
175.00
2,525.00
2,350.00#
150.00
150.00
678.00
1405.00
273.00
40,491.00
28;,000.00
12,491.00
2,612.00
3000.00
688.00#
13,926.00
.10,000.00
3,926.00
3,514.00
31400.00
114,00
799.00
799.00
4,116.00
7,000.00
2,884.00#
1,980.00
'350.00
1,630.00
2,657.00
750.00
1,907.00
152,108.00
145,9500.00
6,608.00
7,067.00
10,000.00
2,933.00#
5,236.00
2000.00.
2,736.00
46,326.00
50,000.00
3,674.00#
15,864.00
15,864.00
38,833.00
36j9670.00
2,163.00
110,142.00
112;348.00
2,206.00#
70,700.00
70',700.00
14,400.00
141,400.00
2,818.00
;500,00
2,318.00
1,616.00
1,616.00,
169889.88
9,9000.00
7,889.88
7,400.00
7400.00
$19,546,084.88
$1,499';020.00
$47,064.88
f
-16-
GENERAL GOVERNMENT
Mayor and Council
Planning
Administration:
.Personal services
Contractual services
Commodities
Fixed charges
Finance:
Personal services
Contractual sorvices
Commodities
Fixed charges
'Elections
Assessing:
,Personal services
Contractual.services
Commodities
Fixed charges
Legal - services
'.Library
GENERAL FUND
EXPENDITURES
VILLAGE OF EDINA
Year Ended December 31, 1966
Disbursements
TOTAL GENERAL GOVERNMENT
ADMINISTRATION, ENGINEERING AND PUBLIC WORKS
Administration:
Personal services
Contractual services
Fixed charges
Engineering:
Overhead
Project engineering
General engineering
Public works:
Supervision and clerical
Training
Paid leave
$ 41,765.00
'1,963.00.
751.00
6,24.0.00
$ 50,719.00
26,175.00
3,241.00
$ 2134209.00
$ 15,300.00
500:00
960.00
$ 16,760.00
$ 25,811.00
83,905.00
17.128.00
$ 126,844.00
$ 45,760.00
702.00
18,158.00
Encumbrances
$ 3.00
1,651,.00
$ 244.00
$ 244.00
11.00
$ 17.00
5.00
$ 22.00
9,627.00
116.00
$ 11.,674.00
$. 18.00
$ 18.00
$ 153.00
2;201.00
535.00
$.. 2,889.00
$ 5.00
125.00
Expenditures
10,643.00
14,796.00
$ 43,126.00
7,240.00
61.00
9,180.00
$ 59,607.00
$ 32,964.00
2,587.00
20.00
6,060.00
$ 41,631.00
8,306.00
$ 41,765.00
1,980.00
756.00
6,240.00
$ 50,741.00
35,802.00
3.357.00
$ 224,883.00
$ 15,300.00
518.00
960.00
$ 16,778.00
$ 25,964.00
86,106.00
17,663.00
$ 129,733.00
$ 45,765.00
702.00
18,283.00
Appropriations
10,640.00
13,145.00
$
43,126.00
` °6,996.00
460.00
61.00
`9,180.00
$
59,363.00
$
32,964.00
$
2,587.00
20;00
6,060.00
$
41,631.00
$
�8,295.00
TOTAL GENERAL GOVERNMENT
ADMINISTRATION, ENGINEERING AND PUBLIC WORKS
Administration:
Personal services
Contractual services
Fixed charges
Engineering:
Overhead
Project engineering
General engineering
Public works:
Supervision and clerical
Training
Paid leave
$ 41,765.00
'1,963.00.
751.00
6,24.0.00
$ 50,719.00
26,175.00
3,241.00
$ 2134209.00
$ 15,300.00
500:00
960.00
$ 16,760.00
$ 25,811.00
83,905.00
17.128.00
$ 126,844.00
$ 45,760.00
702.00
18,158.00
Encumbrances
$ 3.00
1,651,.00
$ 244.00
$ 244.00
11.00
$ 17.00
5.00
$ 22.00
9,627.00
116.00
$ 11.,674.00
$. 18.00
$ 18.00
$ 153.00
2;201.00
535.00
$.. 2,889.00
$ 5.00
125.00
Expenditures
10,643.00
14,796.00
$ 43,126.00
7,240.00
61.00
9,180.00
$ 59,607.00
$ 32,964.00
2,587.00
20.00
6,060.00
$ 41,631.00
8,306.00
$ 41,765.00
1,980.00
756.00
6,240.00
$ 50,741.00
35,802.00
3.357.00
$ 224,883.00
$ 15,300.00
518.00
960.00
$ 16,778.00
$ 25,964.00
86,106.00
17,663.00
$ 129,733.00
$ 45,765.00
702.00
18,283.00
Appropriations
$ 41,775 00
.2;, 000.00
.760.00
:6,240.00
$ 50,775.00
33:;503.00
3.725.00
$ 221., 407.00
15., 345.00
615.00
960.00
$ :16,,920.00
$ 26,000.00
86;, 400.00
17.700.00
$ 130,100.00
$ 45;800.00
720.00
18.,300.00
i
G
Unexpended
Balance --
57.00
2,016.00#
34.00
220.00
89.. 00
$ 343.00
$ 6.00
13.00
30.Oo
$ 49.00
12.00#
$ 10:00
20.00
4.00
$ 34.00
2,299.00#
368.00
$3,476.00#
$ 45.00
97.00
$ 142.00
$ 36.00
294.00
37.00
$ 367.00
$ 35.00
18.00
17.00
-17-
1 0;, 700, 00
12 :,780.00
$.
43,160.00
7j,
460.00
150.00
91,.180.00
$
59;,950.00
$
32,970.00
2;,600.00
50.00
6,060.00
$
41;680.00
8', 294.00
$ 41,775 00
.2;, 000.00
.760.00
:6,240.00
$ 50,775.00
33:;503.00
3.725.00
$ 221., 407.00
15., 345.00
615.00
960.00
$ :16,,920.00
$ 26,000.00
86;, 400.00
17.700.00
$ 130,100.00
$ 45;800.00
720.00
18.,300.00
i
G
Unexpended
Balance --
57.00
2,016.00#
34.00
220.00
89.. 00
$ 343.00
$ 6.00
13.00
30.Oo
$ 49.00
12.00#
$ 10:00
20.00
4.00
$ 34.00
2,299.00#
368.00
$3,476.00#
$ 45.00
97.00
$ 142.00
$ 36.00
294.00
37.00
$ 367.00
$ 35.00
18.00
17.00
-17-
GENERAL FUND
EXPENDITURES ( Cont'd)
ADMINISTRATION, ENGINEERING AND PUBLIC WORKS ( Cont'd)
Public works (cont'd):
General maintenance:
Gravel streets
Oiled streets
Asphalt streets
Concrete streets
Street cleaning
Renovation
Curb and sidewalks
Snow and ice removal
Street lighting
Street name signs
Traffic control:
Sign maintenance_
Traffic control maintenance
Pavement marking
Guard rail maintenance
Bridges - general maintenance
Storm sewer maintenance
Temporary drainage and culverts
Village properties:
Turf care and plantings
Tree maintenance
Noxious weed control
Lake and pond maintenance
TOTAL PUBLIC WORKS
TOTAL ADMINISTRATION, ENGINEERING AND PUBLIC WORKS
PROTECTION OF PERSONS AND PROPERTY
Police protection:
Personal services
Contractual services
Commodities
Fixed charges
Fire protections
Personal services
Contractual services
Commodities
Fixed charges
Disbursements
31,093.00
2,103.00
30,411.00
1.1-,203.00
$ 7.4.',810.00
27,466.00
47,919.00
::1,562.00
.44,150.00
.45,078.00
7,355.00
$ , 5,848.00
r6,559.bo
,4.098.00
$ 16,505.00
,.2,060.00
10,191.00
18,087.00
18., 301.0'0
3,860.00
$ 11,150.00
1,412.00
~9,533.00
$ 400,199.00
$ 543,803.00
$ 248,66o.00
15,10%.00
...29711.00
49-,680.00
306,155.00
$ 126,602.00'
x2,860.00
;2,819.00
21.540.00
$ 153,821.00
Encumbrances
596.00
.487.00
401.00
$ 1,484.00
5,224.00
3,345.00
29.00
$ 1,590:00
$ 1,590.00
590.00
12,392.00
$ 15,299.00
($ 1,354.00)
110._00
254.00
($ 990.00)
$ 134.00
98.00
$ 232.00
Expenditures
$ 31,689.00
2,103.00
30,898.00
11.604.00
76,294.00
27,466.00
47,919.00
1,562.00,
49,374.00
48,423.00
7,384.00
$ 5,848.00
- 8,149.00
4.098.00
$ 18;095.00
2,060.00
10,191.00
18,677.00
18,301.00
$ 7,290.00
3,860.00
$ 11,150.00
1,412.00
9,533.00
$ 412.591.00
$ '559,102.00
$ 247,306.00
5,214.00
2,965.00
49,680.00
$,.305,165.00
$ 126,602.00
2.,994.00
2,917.00
21,540.00
154,053.00
i
I
,I
Appropriations
$ 31=;200.00
2;200.00
31,000.00
$ 76;100.00
27;500.00
48;000.00
1,600.00
49;400.00
49,480.00
7;400.00
5;900.00
8;400.00
4.160.00
$ 189460.00
2,060.00
10;200.00
15200.00
14,.45.00
$ 79300.00
3- :900.00
$: 11;200.00
1,!450.00
9.600.00
$ 407' 315.00
$ 554,335,00
$ 248;:700.00
5,1250.00,
3;000.00
49.680.00
$ 306?630.00
$ 126;626.00
3;000.00
2,950.00
21.;1540.00
$ 154,1116.00
r
Unexpended
Balance
$ 489.00#
97.00
102.00
96.00
194.00#
34.00
81.00
38.00
26.00
1,057.00
16.00
$ 52.00
251.00
62.00
$ 365.00
9.00
3;477.00#
3,456.00*
$ 10.00
40.00
$ 50.00
38.00
67.00
276.00#
$4,767.00#
$1,394.00
36.00
35.00
$1,465.00
$ 24.00
6.00
33.00
$ 63.00
-18-
GENERAL FUND
EXPENDITURES (Cont'd)
PROTECTION OF PERSONS AND PROPERTY (Cont'd)
Civilian defense
Public health:
Personal services
Contractual services
Commodities
Fixed charges
Animal control
Inspections:
Personal services
Contractual services
Commodities
Fixed charges
TOTAL PROTECTION OF PERSONS AND PROPERTY
NON- DEPARTMENTAL
Contingencies
Settlement of suits
Special assessments on Village park property
TOTAL NON- DEPARTMENTAL
CENTRAL SERVICES
Disbursements
',2,328.00
$ 13,153.00
'11,106.00
;.1,101.00
X2,040.00
$ 17,400.00
1:2,059.00
$
2-8,691.00
:1,937.00
693.00
;4,740.00
$ 36,061.00
$ 527,824.00
$
9,261, oo
23.00
28,500.00
$ 3:1,784.00
See separate schedule attached 20,694.00
TOTAL OPERATING EXPENSES $19337,314.00
CAPITAL OUTLAY
Administration - general government
Finance
Assessing
Administration - Engineering and Public Works
Engineering
Public works
Police
Fire
Inspections
Contingencies
Special assessment on Village property
Unallocated capital outlay
Architect fees - library
TOTAL CAPITAL OUTLAY
$ 203.00
647.00
J,304.00
16,734.00
16,958.00
i6,361.0o
:2,700.00
440.00
<1,536.00
::2,878.00
..5,301.00
3.900 - 00
$ 579962.00
Encumbrances
$ 40.00
$ 52.00
14.00
$ 66:00
1,067.00
$ 115.00
77.00
$ 192.00
$ '6Q7.. 00
3,392.00
$ 30,972.00
$ '424.00
365.00
$ 789.00
Expenditures
$ 2,368.00
$ 13,153.00
1,158.00
1,115.00
2.040.00
$ 17,466.00
13,126.00
$ 289691.00
2,052.00
770.00
4,740.00
$ 36,253.00
$ 528,431.00
$ 3,261.00
23.00
28,500.00
$ 31,784.00
24,086.00
$1,368,286.00
$ 203.00
647.00
1,304.00
5,734.00
17,382.00
16,361.00
Z,700.00
440.00
1,901.00
2,878.00
5,301.00
3,900.00
$ 58,751.00
Appro riations
$ 2,416.00
$ ,139200.00
'.1,178.00
1,200.00
2.040.00
$ 17.;618.00
13,254.00
$ '28-9770.00
;2,100.00
850.00
4,740-00
6` 60.00
$ '.530,494.00
$ 3,800.00
1 100.00
28,500.00
$ 32,400.00
26 600.00
1,3.65�,236.0o
i
$ 500.00
650.00
:1', 400.00
200.00
-6,800.00
17,; 400.00
.16;, 427.00
2,810.00
490.00
1397.00
2,900.00
6,810.00
1 00.00
62!4'684-. 00
Unexpended
Balance
48:00
$ 47.00
20.00
85.00
$ 152.00
128.00
$ 79.00
48.00
80.00
207.001.
$2,063.00
$ 539.00
,77.00
$ 616.00
2,514.00
$3,050.00*
$ 297.00
3.00
96.00
200.00
1,066.00
18.00
66.00
110.00
50.00
496.00
22.00
1,509.00
$3,933.00
-19-
GENERAL FUND
EXPENDITURES (Cont'd)
Disbursements Encumbrances
RESERVE FOR COMMITMENTS
Planning 2,000.00
Finance 10,000.00
Public works 6,000.00
Fire protection 5,000.00
Unallocated capital outlay 2,000:00
Capital improvements 46,100.00
TOTAL RESERVE FOR COMMITMENTS $ - 71,100.00
TOTAL $1,395,276.00 $102,86i..00
# Indicates red figure.
i
.20-
Unexpended
Expenditures
Appropriations Balance
$ 2;000.00
$ 2,000.00 $ —
10,000.00
10,000.00 —
6,000.00
6,000.00 —
5,000.00
5,000.00 —
20000.00
2,000.00 -
46,100.00
46.100.00 -
9 71.100.00
$ 71;100.00 $ -
$1,498,137.00
$1,499,020.00 883.00
i
.20-
General:
Contractual services
Commodities
Village Hall:
Personal services
Contractual services
Commodities
Central services
Garage
Equipment operation:
Personal services
Contractual services
Commodities
Fixed charges
Gasoline and fuel oil
Tires and tubes
Lubricants
Parts and accessories
GENERAL FUND
CENTRAL SERVICES
VILLAGE OF EDINA
Year Ended December 31, 1966
TOTAL GENERAL
TOTAL VILLAGE HALL
TOTAL EQUIPMENT OPERATION
Less allocations to other departments or funds
TOTAL
* Indicates red figure.
Disbursements
$124,003.00
5,339.00
$129,342.00
$ 8,781.00
9,607.00
2,943.00
780.00
$ 22,111.00
17,109.00
$ 35,006.00
18,904.00
11,164.00
14,724.00
20,433.00
4,304.00
2,827.00
28,342-00
$135,704.00
$304,266.00
283,572.00
$ 209694.00
I
I
Encumbrances !
Expenditures
I
'
Appropriations
'i
$7,414.00#
`$116,589.00
$120,014.00
1,106.00
6,445.00
6,4.50.00
$6,308.00#
$123,034.00
$126,464.00
$ 8,781.00
$.,8,$00.00
$ 794.00
10,401.00
10,450.00
16.00
2,959.00
2,550.00
780.00
780.00
$ 810.00
$22,921:00
$ 22,580.00
i
1,295.00
18,404.00
17,844.00
i
$ 237.00 j
$ 35,243.00
$35,300.00
4,495.00
23,399.00
23,450.00
860.00
12,024.00
12,050.00
149724.00
d 14,724000
259.00#
.20,174.00
209500.00
441.00
4,745.00
:4,800.00
2,827.00
29850.00
1,821.00
30,163.00
29,610.00
7 .00
$143,299.00
$143,284.00
$3,392000
$3079658.00
$310,172.00
283,572.00
283,572.00
$3092.00 !
I
i
$ 249086.00'
$ 26,600.00
Unexpended
Balance
$3,425.00
5.00
3,430.00
$ 19.00
49.00
409.00#
$ 341.00#
560.00#
$ 57.00
51.00
26.00
326.00
55.00
23.00
553.00#
15-00*
$2,514.00
$2,514.00
—21—
GENERAL FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1966
Balance Balance
January 1, December 31,
1966 Additions Deductions 1966
Land $ 259,316.24 5,500.00., 253,816.24
Land improvements 1339774.38 2,878.00 136,652.38
Buildings 6849060.67 22,497.00 706,557.67
Furniture and fixtures 53,992.59 3,970.00 565.00 57,397.59
Equipment:
Highway
367,397.34
30,060.00
13,570.17 383,887.17
Police
37,796.87
20,867.00
121517.05 46,146.82
Fire
86,741.05
2,700.00
899441.05
Election
96,257.93
96;257:93
Engineering
28,627.79
6,394.00
3,500.93 31,520.86
Traffic signals
64,735.18
6.4,735.18
Executive
1,834.15
1,834.15
Miscellaneous
31,566.83
4,400.00
35.966.83
TOTAL $1,846,lol.02 $93,766.00 $35,653.15 $1,904,2j3.87
GENERAL FUND
STATEMENT OF REVENUE AND EXPENDITURES ( MORNINGSIDE FUNDS)
VILLAGE OF EDINA
For Period September 1, 1966 to December 31, 1966
Summary of Morningside Funds at December 31, 1966:
Fund balances as above $ 62,931.45
Special assessments:
Current $16,504.26
Deferred 44,342.63 60,846.89
$123,778.34
Less bonds payable 78,000.00
AVAILABLE FOR MORNINGSIDE IMPROVEMENTS $ 45,778.34
( ) Indicates negative amount.
See note to financial statements.
-23-
Balance
Balance
September
December
• Fund
1, 1966
Revenue
Expenditures
31, 1966
General
$ 2,203.03
$24,902.69
$ 21,443.13
$ 5,662.59
Sewer
10,197.34
4,855.48
3,694.90
11,357.92•
Water
5,399.75
7,539.75
7,892.61
5,046.89
Poor
4,093.21
44.62
10.00
4,127.83
Garbage
( 1,295.94)
5,594.25
3,975.24
323.07
Equipment Replacement
2,555.39
29.74
2,585.1 -3
Special Assessment:
Watermain No: 6"
3,033.34
.424.59
.2,069.17
1,388.76
Sewer main No. 7
3,759.32
530.11
1,117.58
3,171.85
Sewer main No. 8
6,153.60
1,436.73
170.00
79420.33
Water and sewer improvement
No. 9
5,183.19
1,515.34
133.33
6,565.20
` Sewer improvement No. 11 and
curb and gutter improvement
No.'112
6,984.70
2,029.79
212.50
8,801.99
- Street improvement No. 14
5,038.17
4,990.60
1,39535
8,633.42
General
( 789.03)
147.69
1,512.19
( 2,153.53)
$52,516.07
$54,041-38
$ 43,626.00
$62,931.45
Balance at December 31, 1966 represented
by:(
A- Cash.:
Demand deposit
$ 39,340.94
Time deposit
35,000.00
$74,340.94
Sundry receivables
1,026.00
.$75,366.94
Less accounts payable and accrued interest
12,435.49
$62,931045
Summary of Morningside Funds at December 31, 1966:
Fund balances as above $ 62,931.45
Special assessments:
Current $16,504.26
Deferred 44,342.63 60,846.89
$123,778.34
Less bonds payable 78,000.00
AVAILABLE FOR MORNINGSIDE IMPROVEMENTS $ 45,778.34
( ) Indicates negative amount.
See note to financial statements.
-23-
Annual maturities and interest dates
Interest rates
GENERAL FUND
BONDS PAYABLE
VILLAGE OF EDINA
December 31, 1966
Sanitary Sewer
Note A — Supplemental coupon of 1.60% for period August 1, 1966 to May 1, 1967 applies to
all bonds except No. 1 and 2.
See note to financial statements.
i
- I
;f
Sanitary Sewer
Improvement
No. 11 and
Curb and Gutter
Improvement
No. 12
February 1 and
August 1
3.4%
$ 3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
V17,VVV.VV
Street
Improvement
No. 14
`3.9% (A)
$ 7,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
$37,000:00
—24—
Watermain
Sanitary Sewer
Sanitary Sewer
and Watermain
Improvement'..
Improvement
Improvement
Improvement
Year
Total!
No. 6
No. 7
No. 8
No. 9
June 1 and_
June l and
February 1 and
February 1 and
December,.1
December 1
August 1
August l
2 1/2%
4%
3.4%
4%
1967
$13,000.00
$2,000.00
$2,000.00
4,000.00
$2,000.00
1968
11,000.00
I 2,000.00
41000.00 .'
2,000.00
1969
16,000.00
4,000:00
2,000.00
1970
10,000:00
2,000.00
1971
8,000.00
1972
5,000.00
I
1973
5,000.00
1974
5,000.00
1975
5.000.00
$78,000.00
$2,000.00
$4,000.00
i
C
$12,000.00
$8,000.00
Note A — Supplemental coupon of 1.60% for period August 1, 1966 to May 1, 1967 applies to
all bonds except No. 1 and 2.
See note to financial statements.
i
- I
;f
Sanitary Sewer
Improvement
No. 11 and
Curb and Gutter
Improvement
No. 12
February 1 and
August 1
3.4%
$ 3,000.00
3,000.00
3,000.00
3,000.00
3,000.00
V17,VVV.VV
Street
Improvement
No. 14
`3.9% (A)
$ 7,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
$37,000:00
—24—
POOR FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1966
ASSETS
"'Cash on deposit
Investments - at face value:
Village of Edina — 2.7% Improvement Bonds
of 1958
Village of Edina — 2.5% Waterworks Revenue
Bonds of 1955
LIABILITIES AND SURPLUS
Accounts payable
Surplus — unappropriated
$ 5,846,34
$ 5,000.00
12.000.00 17.000.00
$22,846.34
$ 199.48
22,646.86
$22,846.34
—25—
Balance at January 1, 1966
Additions:.
Net earnings for year
POOR FUND
STATEMENT OF SURPLUS — UNAPPROPRIATED
VILLAGE OF EDINA
Year Ended December 31, 1966
Balance at December 31, 1966
STATEMENT.OF REVENUES AND. EXPENDITURES
Revenue receipts and accruals:
Tax settlements
Relief "grants — State of Minnesota
Income on investments
Disbursements and accruals
Suburban Hennepin County Relief Board:
Relief orders
Administration
Rural Hennepin County Nursing Committee
Professional services
NET INCOME
Year Ended
1966
$12,434.74
35.00)
933.08
$13,332.82
$ 2,669.33
1,049.08
9,355.02
100.00
$139173.43
$ 159.39
December 31
1965
$12,130.13
.67.49
373.00
$12,570.62
$ - 2,338.63
519.96
7,552.78
175.00
$10,586.37
$ 1,984.25
$22,487°47
159.39
$22,646.86
Increase
Decrease*
$ 304.61
102.49*
560.08
$ 762.20
$ - 330.70
529.12
1,802.24
75.00#
$ 2,587.06
$ 1,824.86*
W-41
POOR FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1966
3a-lance at January 1, 1966
Additions:
Tax settlements_ received:.
March 1966. $ 725.25
June 1966 6,046.21
November 1966 5,663.20 $129434.74
Sale of investments 11,000.00
Income on investments 933.00
Increase in accounts payable 27.20
Deductions:
Payment to Suburban Hennepin County
Relief Board:
Relief orders $2,669.33
Administration 1.049.00 $ 3,710.41
Rural Hennepin County Nursing Committee 9,355.02
Professional service 100.00
Purchase of investments 8.000.00
$ 2,624.75
24.395.02
$27,019.77
21.173.43
Balance at December 319 1966 $ 59046.34
—27-
PARK FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1966
ASSETS
Cash:
Demand deposits
Receivables:
Taxes receivable - delinquent
Less allowance for delinquent taxes
Inventory of supplies — estimated
Fixed assets
$ 1,428.81
1,1+28.81
$ 30,732.97
600.00
456,317.84
$4879650.81
LIABILITIES AND SURPLUS
Liabilities:
Trade accounts payable
29079.81
Accrued'salaries and wages
2,241.88
Unexpended contributions for specific purposes:
Landscaping buffer strip west of library
207.53
Cascade pumping
3.97
Dwight Williams Memorial Park
491.77
Wooddale Park - improvements and recreation program
1,416.31
Cornelia Lake Park — improvement
275.00
Normandale Park — improvement
318.69
Park District No. 2
6,185.00
Park District No. 3
2,150.00
Park District No. 4
3,400.00
Park District No. 5
500.00
Figure skating and skiing instructors' salaries
6,138.50
Hockey equipment
600.00
Edina Swim Club
146.47
Other
323.61
229156.85
Appropriated surplus:
Invested in fixed assets
$198,250.38
Contributed:
Property and special assessment paid
by General Fund $247,508.80
Property donated by others 10.558.66
258,067.46
4569317.84
Surplus — unappropriated
49854.43
$4879650.81
—28—
PARK FUND
STATEMENT OF UNAPPROPRIATED SURPLUS.
VILLAGE OF EDINA
Year Ended December 31, 1966
Balance at January 1, 1966
Additions:
Revenue for year (see separate schedule for details)
Less amount transferred to revenue included in
the above
Deductions:
Expenditures for year'.'(see separate schedule
for details)
$162,663.76
1,000.00
$ 6,976.67
161,663.76
$168,640.43
163,786.00
Balance at December 31, 1966 $ 4,854.43
ANALYSIS OF SURPLUS INVESTED IN FIXED ASSETS
—29—
Contributed
By General
.Fund by
Direct
Payment of
Investment
Special
in Fixed
Combined
Assessments By Others
Assets
Balance at January 1, 1966
$420,320.84
$219,008.80 $ 10,558.66
$190,753.38
Additions for the year:
From unappropriated surplus
79.497.00
79497.00
Special assessments paid by
General Fund
28,500.00
28,500.00
Balance at December 31, 1966
$4569317.84
$2479508.80 $ 10,558.66
$198,250.38
—29—
PARK FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1966
Balance at January 1, 1966
Additions:
Receipts for year (see separate schedule for details)
Regist'ra'tion fees — figure skating and skiing
Sale of investments
Dedicated funds:
Improvement $ 170.61
Miscellaneous 600.00
Deductions:
Disbursements for year (see separate schedule
for details)
Expenses — figure skating and skiing
Payment on accruals at December 31, 1965:
Trade accounts
.Accrued salaries and wage's
Due to General Fund
Payment from dedicated fund
$161,664.45
16,165.45
30,000.00
770.61
$159,465.00
17,523.27
$2,447.97
1,065.72
10.12 3,523.81
500.00
Balance at December 31, 1966
$ 3,144.54
-208,600.51
$211,745.05
181,012.08
$ 30,732.97
-30-
PARK FUND
REVENUE AND EXPENDITURES
VILLAGE OF EDINA
Year Ended December 31, 1966
REVENUE
Real and personal property taxes
Registration fees
Transfer from active funds
Transfer from unappropriated surplus
Other revenue
EXPENDITURES
Administration:
Personal services
Contractual services
Commodities
Central services
Training
Paid leave
Capital outlay
Recreation:
Baseball and softball
Skating and hockey
Tennis instruction
Playgrounds
Swimming instruction
Special activities
Maintenance:
:Mowing
Special turf care
Planting and trees
Litter removal
Parking areas
Building and equipment
Skating rinks
( ) Indicates red.;figure
TOTAL REVENUE
TOTAL ADMINISTRATION
TOTAL RECREATION
TOTAL MAINTENANCE
TOTAL EXPENDITURES
Receipts
$ 75,307.00
20,7.73.00
64,300.00
1,284.45
$161,664-45
Disbursements
$ 23,213.00
1;,175.00
28.00
13,140.00
49.00
5,078.00
$ 429683.00
7,497.00
$ 3.,229.00
3,697.00
1,208.00
11', 343.00
.13,597.00
3,581.00
$ 36:,655.00
$ .11:_,180.00
14,567.00
4,102.00
4,770.00
4,213.00
12`,971.00
20,827.00
$ 72.,630.00
$159.,465.00
Accruals
$1,000.00
(. . .69)
$ 999.31
Encumbrances i,
I
1
$2,740.00
:10.00
48.00
$2;798.00
$ 696.00
827.00
$1.523.0
$4,321.00
Revenue
$ 75,307.00
20,773.00
64,300.00
1,000.00
1.283.76
$162,663.76
ExDenditures
$ 23,213.00
1,175.00
28.00
13,140.00
49.00
5,078.00
42,683.00
7,497.00
$ 3,229.00
6,437.00
1,208.00
11,353.00
13,597.00
3,629.00
$ 39,453.00
$ 11,180.00
14,567.00
4,102.00
4,770.00
4,213.00
13,667.00
21,654.00
$ 74,153:00
$163,786.00
Estimated
Revenue
$'75,300-00
22,000.00
64,300.00
1,000.00
750.00
$163,350.00
ADDroDtiations
$.23,250.00
1,336.00
125.00
13,140.00
200.00
5.,1 32.00
$'43,183.00
8,250'.00
$ 3,625.00
6,600.00
1,225.00
119750-00
13,675.00
4'.200.00
$ 41,075.00
-$ X11,224.00
14,62$.00
4,160.00
4,$60.00
4,250.00
13,764.00
17,956.00
$,.70,842.00 "
$1639350.00
Actual
Revenue
Over - Under*
Estimated
Revenue
$ 7.00
1,227:00#
533.76
$ 686.24#
Unexpended
Balance
$ 37.00
161.00
97.00
151.00
54.00
$ 500.00
753.00
$ 396.00
163.00
17.00
397.00
78.00
571.00
$1,622.00
$ 44.00
61.00
58.00
90.00
37.00
97.00.
( 3,698.00)-
( 311.00)
($ 436.00)
-31-
PARK FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1966
TOTAL $420,320.84 $35,997.00 $456,317.84
—32—
Balance
Balance
January 1,
December 31,
1966
Additions
1966
Land
$ 90006.64
90,806.64
Skating rinks
5,.812.03
5,812.03
Land improvements
236,129.25
$28,500.00
264,629.25
Building
4,042.32
4,042.32
Park equipment
45,771.02
.903.00
46,674.02
Furniture, fixtures and equipment
2,047.78
177.00
2,224.78
Trucks, automobile and tractors
25,165.29
5,184.00
30'9348.29
Miscellaneous
4,043.32
1,233.00
5,276.32
$413,817.65
$35,997.00
$449,814:65
Construction in progress:
52nd and Arden
131.26
131.26
50th and Wooddale
2,324.85
2,324:85
East Mirror Lake
3,785.72
3,785.72
57th and Chowen
261.36
261..36
TOTAL $420,320.84 $35,997.00 $456,317.84
—32—
ASSETS
.Cash (deficit)
Fixed assets.;. at cost:
Land
Swimming pool and bathhouse
Filter system
Concession furniture and fixtures
Less allowance for depreciation
LIABILITIES AND SURPLUS
Payables:
Trade accounts
Due to Park Sinking Fund
Surplus invested in fixed assets:
Acquired.,by,bonds..
Acquired by surplus
Donated
Unappropriated surplus (deficit)
SWIMMING POOL FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1966
$3,802.37
2,503.06
($ 3,538.91)
$ 10,000.00
184,026.67
17,000.00
1,299.31 212,325.98
$208,787.07
$209,431.89
2,844.09
50.00
$ 18.28
15,715.50
$ 15,733.78
212, 325.98
( 19,272.69)
$208,787.07
m33®
SWIMMING POOL FUND
STATEMENT-OF SURPLUS
VILLAGE OF EDINA
Year Ended December 319 1966
- Invested in Fixed Assets
Unappro- From I From
Total priated Donated Surplus Bond Fund
Balance at January 1, 1966 $201,743.78 $10,962.44# $50000 $3,224.33 $209,431.89
Additions and transfers:
Net income for the year
59.76
59.76
Interest provided for at
December 31, 1965 included
in operations
6,965.25
6,965.25
Provision for depreciation
-
380.24
380.24#
$208,768.79
$ 3,557.19# $50.00
$2,844.09 $209,431.89
Deducts
Allocation to Sinking Fund
for bonds
15,715.50
15,715.50"
Balance at December 31, 1966
$193,053.29
$19,272.69# $50.00
$2,844.09 $209,431.•89
* Indicates red figure.
—34—
SWIMMING POOL FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1966
Balance at January 1, 1966
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, 1966
Payment made on accruals at December 31, 1965.
$ 531.92
$43,959.00
$1,459.76
380.24 1,840.00
1,362.51 47,161.51
$47,693.43
$39,756.26
18.28
$39,737.98
11,494.36 51,23 ?.34
Balance (deficit) at December 31, 1966 ($ 3,538.91)
-35-
SWIMMING POOL FUND
STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
Year Ended December 31, 1966
Revenues:
Pool fees:
Season tickets
General admissions
Rental - instruction program
Other
Operating expenses:
Salaries and wages:
Supervision and clerical
Life guards
Cashier
Basket room attendants
.Watchmen
Maintenance
Light and power
Water and sewer
Gas
Telephone
Rubbish hauling
Maintenance parking lot
Insurance
Repairs and maintenance
Replacement and renewals — water
treatment equipment
Cleaning supplies
Water treatment
General supplies
Annual audit
Printing and office expense
Central services
Other
Interest on bonds
Income from concessions — see separate schedule
( ) Indicates red figure.
$3,190.00
9,273.00
898.00
3,291.00
940.00
5,202.00
$38,625.00
5,334.00
$22,794.00
1,486.00
191.00
1,023.00
158.00
150,00
3,101.00
1,305.00
849.00
3,294.00
184.00
1,523.00
722.00
100.00
494.00
2,340.00
42.26
$43,959.00
1,359.00
3.51
$45,321.51
39,756.26
$ 5,565.25
6,965.25
($ 1,400.00)
1,459.76
NET INCOME FROM OPERATION $ . 59.76
-36-
SWIMMING POOL FUND
STATEMENT OF INCOME AND EXPENSE (CONCESSIONS ONLY)
Soft drinks
Soft ice cream
Popcorn
Sandwiches
Cakes
Other
Operating expenses:
Salaries and wages:
Manager
Clerk
Supplies
Repairs and maintenance
Provision for depreciation
VILLAGE OF EDINA
Year Ended December 31, 1966
Sales
$1,178.00
3,290.00
1,864.00
591.00
1,708.00
142.00
Cost of
Sales
$ 794.00
2,210.00
437.00
242.00
1,095.00
87.00
$8,773.00 $4,865.00
$ 617.75
1,392.25 $2,010.00
32.00
26.00
380.24
NET INCOME
Gross Profit
Per Cent
Amount to Sales
384.00 32.60%
1,080.00 32.83
1,427.00 76.56
349.00 59.05
613.00 35.89
55.00 38.73
$3,908.00 44.55%
2,448.24
$1,459.76
-37-
SWIMMING POOL FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1966
ASSETS
Land
Swimming pool and bathhouse
Filter system
Concession furniture and equipment
ALLOWANCE FOR DEPRECIATION
Concession furniture and equipment
Balance
Balance
January 1,
December 31,
1966
Additions 1966
10,000.00
$ 10,000000
184,026.67
184,026.67
17,000.00
17,000.00
3,802.37
3,802°37
$214,829.04 $ - $214,829.04
2,122.82 $380.24 2,503.06
NET BALANCE $2.12,706.22
$212,325.98
—38—
GOLF COURSE FUND
BALANCE SHEET
VILLAGE OF EDI NA
December 31, 1966
ASSETS
Cash:
On deposit
Working funds
Investments:
United States Treasury bills — at cost
Accrued interest
Accounts receivable
Prepaid expenses
Fixed assets.--' 4t cost:
Golf course
Buildings
Well
Parking lot and roadways
--equipment
Less allowance for depreciation
Construction in progress
LIABILITIES, RESERVE AND SURPLUS
Accounts payable
Accrued payroll
Due to other funds
Loan from other funds:
Liquor Dispensary Fund
Park Construction Fund
Bonds payable
Appropriated surplus — for debt service
Surplus — deficit* — unappropriated
$61,544.38
13,481.95
3,951.16
50.00
$ 47,135.00
716.25
$722,424.02
182,243.31
15,018.15
9,627.32
48,062.43
$977,375.23
296.00
$185,000.00
65,000.00
$ 4,001.16
47,851.25
218.08
208.00
977,671.23
$1,029,949.72
$ 825.25
48.48
6,542.00
250,000.00
800,000.00
52,300.00
79.766.01#
$1,029,949.72
—39—
GOLF COURSE FUND
STATEMENT OF.SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1966
Appropriated
for Debt
Service
Balance (deficit) at January 1, 1966 $52,,300.00
Add net income for the year
Unappropriated
($97,446.08)
17,680.07
Balance (deficit) at December 31, 1966 $52,300.00 ($79,766.01)
-40-
GOLF COURSE FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31,1966
Balance At January 1; 1966
Additions -
Investments sold
Fixed assets purchased, less carrying
319040°56
Revenue`- - "see separate schedule
1319199.07
Net income — operating department — see
11,496.35
separate schedule
$12,388.00
Add depreciation included `therein not
Principal
$25,000.00
requiring cash
1,'780.00
149168.00
Income on investments
29095.00
Decrease in accounts receivables
97.00
$51,497.00
Balance at January 19 1966
$ 941.23
.
Balance at December 31, 1966
218.08
723.15
Deductions:
$ 73,422.48
179.225.78
$252,648.26
Investments purchased.
$ 47,851.25
Fixed assets purchased, less carrying
value
of disposals
11,496.35
Payment to'fiscal agents
Principal
$25,000.00
Interest'
26,400.00
Service charge
97.00
$51,497.00
Interest "paid Liquor Dispensary Fund
6,475.00
57,972.00
Operating expenses — see separate schedule
90,673.00
Increase'in` prepaid expenses
99.07
Decrease -iii "liabilities:
Balance'at January 1, 1966:
Accounts payable
$ 1,918.37
Due tb other funds
46,102.79
$48,021,-16
Balance at December 31, 1966s.
Accounts payable
$ 825.25
Due to other funds
6,542.00
Accrued payroll
48.48
7,415.73
40,605.43 248,697.10
Balance at December 31, 1966 $ 3,951.16
—41—
GOLF COURSE FUND
STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
Year Ended December 31, 1966
Revenue:
Membership fees
Green fees:
Regular course. $97,998.00
Short course 16,191.00
Locker - rental
Other
Operating expenses:
Administration:
Salaries and wages:
Manager — pro
$ 6,800.00
Assistant pro
1,423.00
Rangers and starter
3,043.00
Cashiers,'clerical and other
1,576.00
$12,842.00
Audit
400.00
Printing
1,264.00
Supplies
189.00
Insurance and alarm system
881.00
Reitrement, insurance, office supplies,
etc.
5,100.00
Travel and mileage
258.00
Other
265.00
$21,199.00
Building — club house and pro shop:
Salaries and 4ages
2,272.00
Utilities:
Telephone
$ 855.00
Water and sewer
443.00
Fuel
919.00
Light -and power
889.00
- -Laundry
880.00
Rubbish hauling
480.00
$4,466.00
Less amount charged to grill
1,340.00
3,126..00
Electrical work
78.00
Insurance
126.00
Repairs - heating and plumbing
469.00
Repairs — building
123.00
Supplies
1,114.00
Other
226.00
7,534.00
$ 15,272.50
114,189.00
1,420.00
317.57
$131,199.07
—42—
GOLF COURSE FUND
STATEMENT OF INCOME AND EXPENSE ('Cont'd)
Operating expenses (cont'd):
see
Maintenance of course and grounds:
separate
Salaries and wages:
$12,388.00
Superintendent
7,800.00
Maintenance
28,797.00
14,483.00
$36,597.00
Equipment rental
269.00
Telephone
215.00
Light and power
2,753.00
Fuel
213.00
Fertilizer and chemical
6,809.00
Sod, black dirt and seed
1,392.00
Sand, gravel and rock
842.00
Repairs — water system
465.00
Lumber
519.00
Equipment operation
9,900.00
Supplies
1,348.00
Parking lot improvement
438.00
Other
180.00 $61,940.00 $ 90,673.00
$ 409'526.07
Net income - operating departments —
see
separate
schedule
$12,388.00
Income on
investments
2,095.00
14,483.00
INCOME BEFORE INTEREST AND DEPRECIATION
$ 559-009.07
Interest
on bonds
$269497.00
Interest
on loan — Liquor Dispensary
Fund 6,475.00
32,972.00
INCOME BEFORE DEPRECIATION
$ 229037.07
Provision
for depreciation
4,357.00
NET INCOME $ 17,680.07
—43—
GOLF COURSE FUND
STATEMENT OF INCOME AND EXPENSE — OPERATING DEPARTMENTS
VILLAGE OF EDINA
Year Ended December 31, 1966
Driving range:
Revenue
Less operating expenses:
Salaries and wages $ 3,314.00
Rental equipment. 30.00
Replacement - balls 2,406.00
Other supplies 963.00
Provision for depreciation 818.00
-Excavation 366.00
Grill:
Sales:
Food
Beer
Other
Less cost of goods sold:
Food
$11,939.00
Beer
2,882.00
Less operating expense:
Salaries and wages:
Manager
$ 3,121.00
Cooks, waiters and waitresses
'7,649.00
$10,770.00
Insurance — liability
54.00
Dishes, napkins, tools, etc.
1,014.00
Repair work
87.00
Cleaning supplies
86.00
Expenses — prorated
1,340.00
Provision for depreciation
962.00
Village share of pro —shop profit in lieu of rents
$14,357.00
7,897.00 $ 6,460.00
$22,218.00
9,237.00
1,049.00
$32,504.00
14,821.00
$17,683.00
14,313.00
NET INCOME
3,370.00
2,558.00
$12,388.00
—44—
ASSETS
Golf coursp
Buildings:
Club house
Maintenance building
Range building
Well
Parking lot and roadways
Equipment:
Golf course equipment
Club house 6�ipment
Pro —shop equipment
Range equipment
Concession equipment
Construction in progress
ALLOWANCE FOR DEPRECIATION
Golf course equipment
Club house equipment
Pro —shop equipment
Range equipment
Concession equipment
GOLF COURSE FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1966
NET BALANCE
Balance
January 1,
1966.'
Additions
$710,733:66
$173,038'.75
6,491.92
958.:64. .- .
$180,489.31
$ -
15,018.15
9,627.32
$ 32,622.82
$ 3,112:15
8,100.91
�>
2,363.64
82.55
4,765.93
1,395.00
9,551.38.,-
145.00
$ 57,404.68,.'-
$ 4;734.70
$973,273.12
$ 4,734.70
6..5o2.36 .:.
7,238.00,
$979,775.48
$11,972.70
$ 4,365.09
$ 3,388.14
527.46
728.48
289.45
240.50
917.05
817.84
1,364.55
962.39
$ 7,463.60.
$.6;137,.35
$972,311.88
I
i
Deductions
{
i
i
I
i
$595.00
1
i .00.
$595.00
$595.00
$119.00
$119.00
1.
;I
I
J�
L
r
. I jJ .
Transfer
In (Out)
$11,69036:
$ 500•;00.
1,254X0
$ 1, 754..:00
i
$
$13,444:36
( 13,44406)
.y.
9
i
f
Balance
December 31
1966
$722,424.02
$173,538.75
6,491.92
2,212.64
$182,243.31
15,018.15
9,627.32
$ 35,139.97
8,106.91
2,446.19
6,160.93
9,696.38
$ 61,544.38
$990,857.18
296.00
$991,153.18
$ 7,63 4.23
1,255.94
529.95
1,734.89
2,326.94
$ 13,481.95
$977,671.23
-45-
GOLF COURSE FUND
BONDS PAYABLE
VILLAGE OF EDINA
December 31, 1966
Annual maturity and interest date
Interest rate
Year
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
TOTAL
December 1
and June 1
2.5% to 3.5%
$ 25,000.00
25,000.00
25,000.00
25,000-.00
35,000-00
35,000.00
35,000.00
35,000.00
35,000.00
35,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.0.0
50,000.00
50,000.00
50,000.00
50,000.00
509000.00
$800,000.00
—46—
RECREATION CENTER FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1966
ASSETS
Cash:
On deposit
Working fund
Accounts receivable
Merchandise inventory — at cost
Prepaid insurance
Advance to Park Construction Fund
Fixed assets — at cost:
Land improvements
Building
Furniture and equipment
Less allowance for depreciation
LIABILITIES, RESERVE AND SURPLUS
Accounts payable
Accrued payroll
Accrued interest
Due to Permanent Improvement Revolving Fund
Deferred income
Bonds payable
Appropriated surplus:
Contributed invested in fixed assets
Invested in fixed assets
For debt service
Unappropriated surplus — deficit*
$20,597.27
2,380.86
$ 9,416.30
2,774.86
$ 46,302.04
700.00
32,185.72
504,926.71
$ 47,002.04
4,965.00
1,779.40
1,55$.35
6,862.32
18,216.41 555,328.84
$617,495.95
$ 12,191.16
36,500.00
$ 5,415.63
364.00
4,696.67
100,000.00
$110,476.30
8,543.00
450,000.00
48,691.16
214.51#
$617,495.95
V
—47-
RECREATION CENTER FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1966
Una=rootiated
Balance at January 1, 1966 $ 8,380.54#
Additions:
Net income for year 7,522.77
Fixed assets purchased 1,735.30#
Transfers:
Fixed assets from Park Construction 542,464.48#
Less outstanding debt:
Bonds 450,000.00,
Due to Permanent Revolving Fund 100,000.00
Due from Park Construction Fund 6,862.32#
Provision for depreciation 1,705.36
Balance (deficit) at December 31, 1966 4 214.51)
# Indicates red figure.
Invested in
Fixed Assets
$ 2,310.32
1,735.30
542,464.48
450,000.00#
100,000.00#
6,862.32
597.56#
2,774.86
Appropriated
Contributed
Invested in For Debt
Fixed Assets Service
$10,524.10 $36,500.00
i
1,107.80#
$ 9,416.30 $36,500.00
Total
$ 49,334.42
1,735.30
542,464.48
450,000.00#
100,000.00#
6,862.32
1,705.36#
48,691.16
—48—
RECREATION CENTER FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1966
Balance at January 1, 1966
Additions:
Transfer from Park Construction Fund
Loan from Permanent Improvement Revolving Fund
Excess of revenue over expenses — see separate
schedule
Add depreciation included therein not
requiring cash
Deductions:
Advance to Park Construction Fund
Additions to fixed assets
Increase in inventory
Increase in working capital
Increase in prepaid expenses
Increase in accounts receivable
Decrease in accounts payable
Decrease in accrued payroll
Decrease in deferred income
$543,137.68
100,000.00
$7,522.77
1,705.36 9.228.13
$100,000.00
544,199.78
1,195.74
,476.55
1,558.35
4,291.60
1,109.43
1,020.27
1,197.00
Balance at December 31, 1966
$- 48,984.95
652,365.81
$701,350.76
655,048.72
$ 46,302.04
-49-
RECREATION CENTER FUND
STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
Year Ended December 31, 1966
Revenues:
Season tickets
Daily fees
Spectator fees
Ice rental
Skate sharpening and repair
Other
Concession income
Less operating expenses:
Cost of food sold
Salaries and wages
Supplies and expense
Less operating expenses:
Salaries and wages:
'Manager
Supervisor
Ice guard
Cashier and ticket takers
Clerical
Custodian
Maintenance
Organist
i.,'.Other expenses:
Light and power
Fuel and heat
Central services
Equipment maintenance
Service contract equipment
Lumber and paint
Mileage and conference expense
Telephone
Printing
Supplies
Insurance
Advertising
Rubbish' hauling
Other
Income on investments
Other deductions:
Interest on bonds
Cost of bond sales
Provision for depreciation
I
19,365.00
q,798.00
19,52.00
41,69 . 8._00
3,701.00
1,855.44
$15,733.33
$ 4,760.00
2,470.00
525.00 7,755.00 7,978.33
$103,919.77
$ 7,200.00
6,000.00
1,345.00
3,081.00
1,592.00
5,142.00
14,670.00
2,360.00 $41,390.00
$11,037.00
5,132.00
4,020.00
3,010.00
1,350.00
3,935.00
753.00'
592.00
1,577.00
4,698.00
_779.00
682.00
600.00
1,373.00 39,538.00 80,928:00
$ 22,991.77
712.00
$ 23,703.77
$14,126.00
350.00 14,476.00
INCOME BEFORE DEPRECIATION $ 9,227.77
1,705.00
NET INCOME $ 7,522.77
—50—
ASSETS
Land -
Buildin.g
Furniture and equipment
ALLOWANCE FOR DEPRECIATION
Furniture and equipment
RECREATION CENTER FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1966
Balance
January 1,
1966
13,509.92
Additions
$ 32,185.72
504,926.71
7,087.35
Balance
December 31,
1966
32,185.72
504,926.71
20.597.27
$13,509.92 $544,199.78 $557,709.70
675.50
NET BALANCE $12,834.42
$ 1,705.36 2,380.86
$555,328.84
-51�
Annual maturity and interest date
Interest. rate
Year
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1-978
1979
1980
1981
1982
RECREATION CENTER FUND
BONDS PAYABLE
VILLAGE OF EDINA
December 31, 1966
—52—
March 1 and
September 1
3% to
3%
3.3%
Series A
Series B
Total
10,000.00
$ 5,000.00
$ 15,000.00
10,000.00
5,000.00
15,000.00
10,000.00
5,000.00,
15,000.00
10,000.00
59000.00
15,000.00
10,Q00.00
5;000.00
159000.00
20,000.00
100000.00
30,000.00
20,000.00
10;,000.00
30,000.00
20,000.00
1.0,000.00
30,000.00.
20,000.00
10'9,000.00
309000.00
20,000.00
10,000.00
30,000.00
30,000.00
15,000.00
45,000.00
30,000.00
15,000.00
45,000.00
30,000.00
15000.00
45,000.00
301000.00
159000.00
45,000.00
30,000.00
159000.00
45,000.00
TOTAL $300,000.00
$150,000.00
$450,000.00
—52—
PARK SINKING FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1966
ASSETS
Cash:
Demand deposit
Time deposit
Investments:
Edina Park System
Bonds — at face value
Receivables:
Due from Swimming
Pool Fund
Taxes receivable, —
current and delinquent
$ 52,548.40
Taxes receivable —
deferred
823,000.00
$875,548.40
Less allowance for
delinquent and
uncollectible taxes
44.488.40
LIABILITIES, RESERVE AND SURPLUS
Amount payable during 1967:.
Interest
Bonds
Bonds, payable
Less current portion — shown above
Reserve for future interest
Less current portion — shown above
Surplus - unappropriated
24,842.22
50,000.00
$ 15,715.50
$ 749842.22
10,000.00
831.060.00 846,775.50
$931,617.72
$690,000.00
40,000.00
$205,050-00,
$ 24,835.00
40,000.00
$ 64,835.00
650,000.00
181,115.00
35.667.72
$931,617.72
—53-
PARK SINKING FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1966
Balance at January 1, 1966
Additions:
Income on investments
Transfers: ' "
Reserve for-future interest
Reserve for uncollectible taxes
Less portion allocated to
Swimming Pool Fund
Allowance for-delinquent taxes
Deductions:
Payment to fiscal agents:
Interest
Service charge
$3,165.00
484.50
$26,027.50
2,680.50
596.80
$ 1,035.01
29,304.80
$30,694.40
30.339.81
$61,034.21
$25,265.50
100.99 25,366.49
Balance at December 31, 1966. $35,667.72
-54—
PARK SINKING FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1966
Balance at January 1, 1966
Additions:
Tax settlements received from County:
March 1966
June 1966
November 1966
Sale of investments
Income on investments
Payment received on amounts due from
other'funds'at December 31, 1965
Deductions:
Payment to fiscal agents:
Principal
Interest
Service charge
$ 30,511.65
$ 3,334.84
27,812.96
26.049.00
57,196.80
30,000.00
1,035.01
11,465.25 99,697.06
$130,208.71
$30,000.00
25,265.50
100.99 55,366.49
Balance at December 31, 1966 $ 74,842.22
-55-
PARK SINKING FUND
BOND AND INTEREST MATURITIES-AND DEFERRED TAX LEVIES
Annual maturity -arid interest date
Interest rates
Year
1968
1969
1970
1971
1972
VILLAGE OF EDINA
December 31, 1966
Bonds
$ 40,000.00
40,000.00
40,000.00
40, 000-. 00
50,000.00
Marche , June' l ,
September 1 and
December 1
2% to 3.90%
Excess of Deferred
Levies over
1973
Bond and Interest
Deferred
Interest
Maturities
Levies
50,000.00
$ 23,485.00
4,515.00
$ 68,000.00
22,135.00
6,865.00
69,000.00
20,755.00
9,245.00
70,000.00
19,375.00
10,625.00
70,000.00
17,810.00
39190.00
71,000.00
1973
50,000.00
16,040.00'
5,960:00
72,000.00
1974
50,000.00
14,230.00
7,770.00
72,000.00
1975
500000.00
12,380.00
10,620.00
73,000.00
1976
40,000.00
10,530.00
12,470.00
63,000.00
19'77
50,000.00
8,775.00
5,225.00
64,000.00
1978
1979
1980
1981
* Indicates red figure.
50,000.00
50,000.00
50,000.00
50,000.00
TOTAL $650,000.00
6,825.00
4,875.00'
2,925.00
975.00
$181,115.00
8,175.00"
11,125.00
52,925.00#
50,975,.00#
$ 8,115.00^
65,000.00
66,000.00
$8239000.00
-56-
PARK CONSTRUCTION FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1966
ASSETS.
Cash:
On deposit
Investments — at face value:
Edina Park System Bonds
United States Treasury bills
Receivable:
Loan to-Golf Course Fund
Fixed assets — at cost:
Land
Construction in progress
Equipment
LIABILITIES AND SURPLUS
Trade accounts payable
Advance from-Recreation Center Fund
Surplus invested in fixed assets
Reserve for construction
$ 43,544.40
$ 169'000.00 .
5.0,000.00 66,000.00
65,000.00
$507,415.08
643,074.16
20,486.73 1,170.975.97;
$1,345,520.37
$ 2,447.50
.6,862.32
1,170,975.197
165,234.58
$1,345,520.37
—57—
PARK CONSTRUCTION FUND
ANALYSIS OF RESERVE FOR CONSTRUCTION
VILLAGE_ OF EDINA
Year Ended December 31, 1966
Balance at January 1, 1966
Additions:
Transfer from Liquor Dispensary Fund
Income on investments
Deductions:
Purchase of fixed assets
Transfer to Golf Course Fund
Transfer to Recreation Center Fund
$ 90,350.30
$87,000.00
3.380.33 cf0.380.33
$180,730063'
$91,350.05 .
$ 500.00
75,354.00 75,854.00 15,496.05
Balance at December 31, 1966 $165,234.58
—58-
PARK CONSTRUCTION FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1966
Balance at January.l, 1966
Additions:
Transfer from Golf Course Fund
Transfer from Liquor Dispensary Fund
Sale of investments
Advance from Recreation Center Fund
Income on investments
Deductions:
Purchase of fixed assets
Balance liabilities at January 1, 1966:
Accounts payable
Due to General Fund
Less accounts payable at December 31, 1966
Purchase of investments
$ 99,040.02
$ 41,169.86
87,000.00
15,000.00
100,000.00
.3,380.33 246,550.19
$3459590.21
$114,617.73
$108,255.61
16,619.97
$124,875.58
2,447.50 122,428.08
65.'000.00 302,045.81
Balance at December 31, 1966 43,544.40
-59-
PARK CONSTRUCTION FUND
FIXED ASSETS
VILLAGE OF EDINA
December 31, 1966
Land:
Highway 169 and Hanson. Road h $ 15,007.09
Hays Farm property 221,705.35
Coffman property 12,639.48
Cornelia property 78,154.49
Pamela Park 2,440.00
Jackson and Belmore Lane area 239506.60
Sixty— second and Beard area 26,715.00
Fifty — second and Arden area 1,250.00
Sixty — second and Tracy area 18,300.00
Lake Eddina—aecond area 30,330.00
Fifty - fifth and York area 7,369.21
Birchcrest'Park 11,620.22
Division and Rutledge area 7,942.65
Normandale area 10,496.54
Walnut -Ridge area 3,466.84
Heights area 6,515.78
Edina Valley Estates area 17,021,35
Davis property 1,217.55
Mud Lake area 11,716.93
Construction'-in progress:
45,543.57
Utley Park
$ 22,041.23
Fifty- seventh and Chowen
5,645.77
Lake Cornelia area
43,645.45
Pamela area'
171,261.60
Fifty— second and Arden
17,629.22
Normandale area
45,543.57
Alden Park
30,576.10
Highland Park
58,122.22
Fifty -fifth and York
79647.36
Sixty — second and Beard
12,515.08
Hays Farm property
31,926.91
Cornelia School site
41,264.46
Sixty —ninth and McGuire
2,836.17
Division and Rutledge area
32,088.96
Countryside Park
20,336.11
Valley View School site
7,733.49
$ 507,415.08
Construction in progress (cont'd):
Garden Park
Heights area
Lake Edina area
Other park areas
Recreation center
Mud Lake area
Equipment
PARK CONSTRUCTION FUND
FIXED ASSETS (Cont'd)
SUMMARY OF CHANGES IN FIXED ASSETS
Balance at. January 1, 1966
Add purchases during the year
Deduct:
Transfer to Recreation Center Fund
Transfer to Golf Course Fund
Write off of unallocated costs
$ 35,390.79
24,756.11
14,682.20
13,743.86
2,437°50
1,250.00
643,074.16
20,486.73
TOTAL $1,170,975.97
$543,137.68
5,984.00
1,372.50
Balance at December 31, 1966
$1,606,852.42
114,617.73
$1,721,470.15
550,494.18
$1,170,975.97
-61-
IMPROVEMENT FUNDS
COMBINED BALANCE SHEET
VILLAGE OF EDINA
December 31, 1966
ASSETS
Ca sh:
Demand deposits
Time deposits
Investments
Receivables:
Special assessments:
Current - certified its 1966 -
collectible in 1967
Delinquent
Deferred
Taxes and assessments receivable -
Village share of projects:
Current and delinquent
Deferred
Less allowance for delinquent taxes
Due from other funds
Due from Construction Fund for advances
Construction in progress:
Current
Deferred
Unallocated construction cost
Prepaid interest
LIABILITIES, RESERVE AND SURPLUS
Accounts payable
Accrued 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
Total Elimination
$ 325,357.63#
350,000.00
$ 24,642.37
2,167,503.00
$ 1,437,808.95'
281,044.81
6,536,031.38
10,938.06
291,852.49
$ 8,557,675.69
695,402.27
$ 7,862,273.42
109,105.50
1,812,063.01
320,031.12
90,844.77
25,555.69
$12,412,018.88
$ 2,027.69
70,689.38
10,429.95
22,663.63
320,031.12
430.01
10,085000.00
90,040.26'
51,823.00
27,752.25
1,731,131.59
$12,412,018.88':
Construction
352,075.85#
- $ 352,075.85#
1,359,339.84
$1,359,339.84
$1,359,339.84
$1,359,339 ..84
1,752.05
1,812,063.01
320,031.12
15,393.14
$1,797,163.47
$ 320,031.12
1,359,339.84
90,040.26
27,752.25
$1,797,163.47
Joint Permanent Sanitary
Sewer Improvement Sewer
No. "1 Revolving No. 53
$2,994.41
$2,994.41
$2,994.41
$ 430.01
2,564.40
$2,994.41
$ 7,126.23
$ 7,126.23
106,503.00
$ 20,466.46#
20,466.46#
205,000.00
$ 12,128.01 $ 29,150.75
30,910.79 2,767.26
5,070.86 129,558.91
$ 48,109.66
31,770.73
$ 16,338.93
100,000.00
100,000.00
$329,968..16
$ 101.60
7,856.37
322,010.19
$329,968.16
69,098.54
$230,575.46
14,552.43
$216,023.03
$400,556.57
$ 672.95
320,000.00
79,883.62
$400,556.57
Southdale
Improvement
I
15,118.90
15,118.90
100,000.00
$ '1,360.32
I
1 $ 1,360.32
68.02
$ 1,292.30
7,353.45
$123,764.65
$ 1,050.00
105,000.00
13,091.60
4,623.05
$123,764.65
Improvement
Bond
.Redemption
$ 21,693.96
350,000.00
$ 371,693.96
1,756,000.00
$ 1,395,169.87
247,366.76
6,401,401.61.,
10,938.06
222,753.95
$ 8,277,630.25
649.011.09
$ 7,628,619.16
1,259,339.84
75,451.63
25,555.69
$11,116,660.28
$ 2,027.69
69,639°38
9,655.40
22,663.63
9,660,000600
30,875.03
1,321,799.15
$11,116,660.28
Municipal
State -Aid
Street13ond
$251.18
$251.18
$251.18
$251.18
$251.18
—62—
IMPROVEMENT FUNDS
STATEMENT OF SURPLUS — UNAPPROPRIATED
VILLAGE OF EDINA
Year Ended December 31, 1966
Balance at January 1, 1966
Additions:
Interest spread on.assessments for collection
in 1967
Income on investments
Capitalized interest
Overcollection on special assessments
Transfer from General Fund
Connections — charges
Deductions:
Interest on bonds
Bank service charges.
Cost of bond sale
Cancellations and adjustments
Transfers — add (deduct):
Allowance for delinquent taxes
Interfund
* Indicates red figure.
Total
$1,458,216.30
$ 402,818.39
87,753.33
78,044.40
195.16
1,000.00
198.00
$ 570,009.28
$ 299,336.19
4,106.94
2,924.23
2.60
$ 306,369.96
$1,721,855.62
9,275.97
Balance at December 31, 1966- $1,731,13lo59
Joint
Sewer
No. 1
$2,564.40
2,564.40
I
$2,564.40
i
Permanent
Improvement
Revolving
$312,841.89
$ 809.26
4,140.18
198.00
$ 5,147.44
317;989.33
4,020.86
$322,010.19
Sanitary
Sewer
No. 53
$72,689.17
$ 7,557.60
8,147.55
$15,705.15
$11,340.00
78.36
$11.418.36
$76,975.96
.2,907.66
$79,883.62
Southdale
Improvement
$3,367.16
$ 64.78
4,044.59
195.16
$4,304.53
$3,225.00
27.19
2.60
$3,254.79
$4,416.90
206.15
$4,623.05
Improvement
Bond
Redemption
$1,010,059.15
$ ..394,386°75
66,965.12
78,044.40
$ 539,396.27
$ 211,371.19
1,936.39
2,924.23
$ 216,231.81
$1,333,223.61
2,141.30
( 13,565.76)
$1,321,799..15
Temporary
Improvement
$57,443.35
$ 4,455.89
$ 4,455.89
$73,400.00
2,065.00
$75,465.00
$13,565.76#
13,565.76
'Municipal
State -Aid
Street Bonds
$ - '748.82 *
$1,000.00
$1,000.00
$ 251.18
$ 251.18
-63—
Balance at January 1, 1966
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
Collection for another fund
Transfer from General Fund
Combined
$ 322,942.14
$ 1,389,601:77
10,620.13
387,374:33
3,506,495.48
7,012,368.33
`1.703-38
1,500,000.00
21,882.86
56,101.94
162,678.11
80.36
1.000.00.
$14,049,906.69
Deductions:
Construction costs charged-to others:
General Fund $ 19,148.65
Permanent Improvement Revolving Fund 12,141.16
Park Fund 1,310.39
Park Construction Fund 21,290.77
Waterworks Fund 25,604.99
Improvement Funds 14501,983.41
$1,581,479.37 .
Less collections received 77,743.91
$1,5030735.46
�fincrease in construction.im progress:
Balance at December: :31; 1966:
-Current construction $1,812,063.01
Deferred construction 320,031.12
- Unallocatedc.costs 15,393.14 $2,147,487.27
Balance at.January;l., 1966:
Current construction $1,454,991.43
..Deferred�tonstruct on 324,296.58
Unal(locate&,costs 14,687.79 1,793,975.80
$ 353,511.47
Add decrease in contracts
payable:
Balance at January 1,! 1966 $ 324,296.58
Balance at Decembet'31,
?•.1966 320,031.12 4,265.46 357,776.93 1,861,512.39
(Balance Carried Forward) $12,511,336.44
IMPROVEMENT FUNDS
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1966
Joint Permanent Sanitary
Sewer Improvement Sewer
.Construction No. 1 Revolving No. 53
$ 10,179.04 $4,649.93 $ 39,153.179' $ "10,666.97
$ _ 642.10
1,500,000.00
56,101.94
25,990.61
$1,582,734:65
24,442.64
3,393.68
152,75.5.18
19$.00°
$180,789.50
$ 32,108.44
5;243.89
183,147.55
$220,499.88
1.861,512.39 i
$ 268,598.70# $4,649.93 $219,943.29 $231,166.85 $133,523.69 $11,718,811.23
i
i
$ 334,901.47 $136,938.68
i
.Improvement
Municipal
.Southdal'e
Bond
Temporary
State -Aid
Improvement
Redemption
Improvement
Street Bond
$ 3,611.88
$ 121,034.20
134,395.15
748.82#
$ 11800.23
$ 1,331,250.46
lo,620.13
42.04
315,214.35
$ 63,480.37
3,506,495.48
124,044.59
6,417,965.12 `
134,455.89
1,061.28
4,024.95
15,170.21
2,489.70
$136,687.50
r
80.36
i
19000.00
$129,911.81
$11,597,777.03
I
$ 200,506.32
$137,687.50
1.861,512.39 i
$ 268,598.70# $4,649.93 $219,943.29 $231,166.85 $133,523.69 $11,718,811.23
i
i
$ 334,901.47 $136,938.68
(Balance Brought Forward)
Deductions (cont'd)s
Payment to other funds accrued at December 31, 1965
Investments purchased
Payment to County Auditor for bookkeeping charges
Transfer to Construction Fund
Bonds redeemed
Interest on bonds
Bank service charges
Cost of bond sale
Paid to City of Minneapolis — sewage disposal plant
Payment on connection charges
Construction costs
Return on construction deposits_
Loan to other fund
Refunds
.Prepaid interest
Interfund transfer
* Indicates red figure.
Combined
$12,511,336.44
25,864.54
6,535,000.00
1,476..20
1,500.000100
39930,000:00
284,123.00
4,068.76
2,924.23
1,655.52
1.,255 .10
12,14i.16
62,558.80
100,000.00
71.07
25.555.69
$12.486.694.'07
24,642.37'
$ 24,642.37
Construction
$ 268,598.70#
$ 20,918.35
62,558.80
Joint
Sewer
No. l
$4,649.93
$1,655.52
83,477.15 11,655.52
$ 352,1075 :85# $29994.41
$ 352,075.85# $2,994.41
1 f �
IMPROVEMENT FUNDS (Cont'd)
i
1
ANALYSIS OF CHANGE
IN CASH BALANCE
Permanent'
Sanitary
Improvement
Municipal
Improvement
Sewer
Southdale
Bond'
Temporary
State —Aid
Revolving
No..53
Improvement.
Redemption
Improvement
Street Bond
$219,943.29
$2319166.85
$1339523.69
$11,718,811.23
$ 334,901.47
$1369938.68
$ 628.00
$ 3,2,56.91
$ 1,061.28
1009000.00
$200,000.00
100,000.00-
6,005,000.00
1300000.00
47.90
204.75
2.60
1,125.20
95.75
1,500,000.00
40,000.00
159000.00
1,140,000.00
2,600,000.00
$135,000.00
11,340.00
3,375.00
194,320.50
73,400.00
19687.50
78.36
27.19
1,898.21
29065.00
2 ,924.23
1,255.10
12,141.16
100,000.00
10.20
60.87
2 .6
212 817.06
$25,1.633.Ti
.7
lTR 04-79'
8,875,396-71
$2,806..622.03
$136.687.50
$ 7,126.23
$ 209466.46#
$ 15,118.90
$ 2,8430414.52
$29,471,720:56#
$ 251.18
2,471,720.56#
2,471,720.56 !
$ 7,126.23
$ 20,466.46#
$ 15,118.90
$ 371,693.96
$ , _
i'
l
$ 251.18
—65—
IMPROVEMENT FUNDS
•BONDS PAYABLE
VILLAGE OF EDINA
December 31, 1966
Annual maturities and interest dates
Interest rate
Year Total.
1967
1,515,000.00 w
1968
1,375,000.00
1969
1,375,000..00
1970
1,150,000.00
1971
950,000.00
1972
950,000.00
1973
9509000.00 J
1974
635,000.00 '
1975
495,000.00
1976
455,000.00
1977
105,000.00
1978
659000.00
1979
65.000.00
TOTAL $10,085,000.00
Sanitary
Sewer
No. 53
January 1
and July l
3 1/4% and
3 1 /10%
$ 40,000.00
40,000.00
40,000.00
40,000.00
.40,000.00
40,000:00
40,000.00
40,000.00
$320,000.00
Southdale
Improvement
March 1 and
September 1
3%
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
$105,000.00
Improvement
Bond
Redemption
March 1,
May 1, June 1,
September 1,
November 1 and
December 1
2% to 4%
$1,500,000.00
1,320,000.00
1,320,000.00
1,320,000.00
895,000.00
895,000.00
895,000.00
595,000.00
455,000.00
455,000.00
105,000°00
65,000.00
65.000.00
$9,660,000.00
-66-
ASSETS
CURRENT ASSETS
Cash:
Demand deposits
Appropriated funds
Investments:
Federal Land Bank_ bonds — at face value
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 inv -estments — reserve for debt
retirement
FIXED ASSETS — Note A
Land
Land improvements
Distribution system
Buildings and equipment
Less allowance for depreciation
$ 100,000.00
2,338.80
102,338.80
709384.50
47,.100.40
26,606.15
$ 13,304.40
1,750.00
TOTAL CURRENT ASSETS
$ 13,311.01
4,296,247.60
1,720,480.74
$6,030,039.35
14194,145.73
$ 27,556.38
WATERWORKS
BALANCE
VILLAGE
December
$ 41,098.96
22,091.75
$ 63,190.71
31,954.30
73;706.55
15,054.40
449.88
$ 184,355.84
70,384.50
4,835,893.62 4.863,450.00
$5,118,190.34
0
FUND
SHEET
OF EDINA
31, 1966
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Accounts payable and accrued expenses:
Trade accounts
Salaries and wages
Interest
Current maturities of bonds payable
LONG —TERM DEBT
Bonds payable —,Note B
Less current maturities — shown above
SURPLUS
Invested in fixed assets
Revaluation of fixed assets.— Note A
Contributed by special assessments —
Note A
Contributed by General Fund
Earned:
Appropriated
Unappropriated
See notes to balance sheet.
3,682.44
214.28
4,479.00
$ 8,375.72
48,000.06
TOTAL CURRENT LIABILITIES 56,375.72
719,000.00
48,000.00 671,000.00
724,937.97
26,649.54
3,380,849.94
12,012.55 $4,144,450.00
$ 92,476.25
153,888.37 246,364.62 4,390,814.62
$5,118,190.34
-67-
1�
I�
WATERWORKS FUND
NOTES TO BALANCE SHEET
VILLAGE OF EDINA
December 31, 1966
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 been transferred to earned surplus.
Note B — The annual maturities, due dates and interest rates,of the:.bonds payable are as
follows:
Annual maturities and interest dates
Interest rates
Annual amount of maturities:
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1947 Issue
March 1 and
September l
2..75%
$10,000.00
1953 Issue
March l and
September 1
2.75%
$10,000.00
$10,000000 $10,000.00
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
accrued interest, plus a premium of $10.00 for each bond redeemed, and in
inverse order of their serial number. Thirty days prior notice must be given to
bondholders.
1955 Issue 1959 Issue
March 1 and March 1 and
September 1 September 1
2.50% 3.10 %, 3.40%,
and 3.50%
$10,000.00
30,000.00
30,000.00
20,000.00
$90,000.00
$ 8,000.00
8,000.00
8,000.00
15,000.00
35,000.00
35,000.00
35,000.00
35,000.00
40,000.00
$219,000.00
1963 Issue
June l and
December 1
2.50%, 2.80 %9
3.00 %, 3.20 %9
and 3.30%
$ 10,000.00
10,000.00
10,000.00
10,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
$390,000.00
Total
$ 48,000.00
48,000.00
48,000.00
45,000.00
55,000.00
55,000.00
55,000.00
55,000.00
60,000.00
50,000.00
50,000,00
50,000.00
50,000.00
50,000.00
$719,000..00
WATERWORKS FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1966
Earned Surplus
Unappropriated Appropriated
$ 32,641.39 $94,021.25
42,460.73
$ 75,102.12
15M26.41
026 .'41
48,000.00#
27,585.16#
1,545.00
$153,888-.37
94,021.25..
1.545.00#
$92,476.25
Invested
in Fixed
Assets
$724,719.42
$724,71942
75,366.61#
48,000.00
27,585.16
$724,937.97
Contributed
by
Assessments;
$3,099,04757
i
i
358,277.58
3,457,300.15
76,450.21#
$3,380,849.94
Contributed
by
General Fund
$12,340.16
$12,340.16
327.61#
$12,012.55
Revaluation
$27,331.52
$27,331.52
681.983E
$26,649.54
Total
Balance at January 1, 1966
$3,990,076.31
Additions:
Watermains contributed by special
.assessments
358,277.58
Net income for year
42.460.73
4,390,814.62
Transfers:
- Provision for depreciation
—
Bonds retired
—
Additions to fixed assets
—
Decrease in appropriation of funds
for reserve for debt 'retirement
—
Balance at December 31, 1966
$4,390,814.62
# Indicates.red figure.
Earned Surplus
Unappropriated Appropriated
$ 32,641.39 $94,021.25
42,460.73
$ 75,102.12
15M26.41
026 .'41
48,000.00#
27,585.16#
1,545.00
$153,888-.37
94,021.25..
1.545.00#
$92,476.25
Invested
in Fixed
Assets
$724,719.42
$724,71942
75,366.61#
48,000.00
27,585.16
$724,937.97
Contributed
by
Assessments;
$3,099,04757
i
i
358,277.58
3,457,300.15
76,450.21#
$3,380,849.94
Contributed
by
General Fund
$12,340.16
$12,340.16
327.61#
$12,012.55
Revaluation
$27,331.52
$27,331.52
681.983E
$26,649.54
WATERWORKS FUND
STATEMENT OF INCOME AND EXPENSE
Number of meters in uses
At end of year
At beginning -of year
Income:
Sale of meters
Less cost of meters sold
GROSS PROFIT ON-METERS
Water sales
Penalties
Water connection permits
Tapping fees
Use of hydrants
Miscellaneous
Expenses:
Pumping:
Labor
Power and light
Supplies and repairs
Buildings:
Labor
Fuel
Supplies
Telephone
Repairs
Insurance
Water purchased
Provision 'for 8epreciation
Distribution:
Labor
Materials and supplies
Operation ofl` meters:
Laborr
Supplies and expenses
Provision for-,depreciation
Repairs
Tanks, towers and reservoir:
Labor
Power and. 1-ea-se lines
Landscaping
Supplies and expenses
Provision for depreciation
Insurance
VILLAGE OF EDINA
Year Ended December 31 Increase
1966 1965 Decrease*
7,797
7,446
20,611.00
17,157.00
3,454.00
321,107.00
5,327.00
1 ., 885.00
234.00
11,296.00
1.420.73
344,723.73
$ 69611.00
37,914.00
253.00
1,230.00
1,891.00
380.00
204.00
186.00
617.00
627.00
27.262.00
$ 77,175.00
7,446
7,032
28,784.00
229576.92
69207.08
239,453.67
4,161.42
29281.00
158.00
10,696-94
627,43
$263,585.54
$ 6,600.74
309345.58
270.44
3,32835
1,926.o6
721.73
201.00
269-55
341.60
504.18
24,605.13
$ 69,114.36
351
414
8,173.00#
5x419.92#
$ 29753.08#
819653.33
1,165.58
396.00*
76.00
599.06
793030
$819138619
$ 10.26
7,568°42
17°44#
2,098.35#
35.06*
341.73*
3.00
83.55#
275040
122.82
2,656087
$ 89060064
$ 7,829.00 $ 8,863014 $ 19034014#
5,385.00 3,186.60 29198,40
Per Cent to
Gross- income
1966 1965
100.00% 100.00%
22.39 26.22
4,109.00
3,329 87
779-13
1,120.00
613.17
506.83
82,077.00
- 76,058.66
69018,34
109722.00
5,127.57
5,594.43
$111,242.00
$ 97,179.01
$14906299 32.27 36.87
$ 401.00-.
$ 660.20
$ 259020#
1,502°00
1,273.16
228.84
®
49840
49840#
®
488.01
488001*
22,668.00
22,656046
11054'
380.00
523.19
143.19*
$ 24,951.00
$ 26,099.42
$ 1,148042* 7.24 9.90
-70-
WATERWORKS FUND
STATEMENT OF INCOME AND EXPENSE (Cont'd)
Expenses (cont'd):
Water treatment:
Labor
Supplies and expense
Provision 'fox, 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
NET (LOSS) INCOME
Depreciation charged to opera-
tions included in expenses
Year Ended December 31
1966 1965
2,239.00
11,018x00
18,616000
31,873.00
4,740.00
1.538.00
6-, 278.00
$ 9;384.00
4,494.00
5,943.00
118.0V
5,580'.00
3,000.00
664.00'
1;150:00
633.00
5+0.00
$ 31,506.00
$283,025.00
'$ 61,698.73
4,195.00
$ 65,893.73
4,261.39
10;965.86
,14,732.27
$ 29,959.52
4,080.00
1,624.60
$ 5,704.60
$ 9,058.50
4,300.95
4,530.70
47.95
5,280.00-
3,900.00
654.60
4,195.88
942.64
480.00
$ 33,391.22
$261.448.13
2,137.41_-
2,025.65
$ 4,163.06
$ 23,309.00 $ 24,379.41
124.00 .104.30
$ 23,433.00 24,483.71
$ 42,460.73 ($ 20,320.65)
$152,827.00 $140,331.72
Increase
Decrease*
2,022,39#
52.14
3,883.73
$ 1,913.48
660.00
86.60#
573.40
$ 325.50
193.05
1,412.30
70.05
300.00
900.00*
9.40
3,045.88#
309.64#
60.00
$ 1,885.22#
$21,576.87
$59,561.32
2,169.35
$61,730.67
Per Cent to
Gross °Income
1966_ 1965
9.24% 11.37%
1.82 2.16
.1
82.10
17.90%
1.2'2
19.17%
12.67
99.19%
.81%
.77
1.58%
$ 1,070.41#
19.70
1' 0 0.71# 6080 9.29
$62,781.38 12.32% 7.71%
$12,493.28
-71-
WATERWORKS FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1966
Balance at January l,'1966
Additions:
Collections on accounts receivable
Collection on amount due from other funds
Investments sold '
Income on investments
Sundry sales and services
Sale of water meters
Decrease in prepaid insurance
Other
Deductions:
Payment to fiscal agents:
Principal
Interest
Service charge
Meters purchased
Additions to fixed assets
Less contributed by special assessments
Decrease in amounts payable:
Balance at January 1,1966:
Trade accounts
Accrued payroll
Due to General Fund
Balance at December 31, 1966:
Trade accounts
Accrued payroll
Investments purchased
Operating expenses
Less provision for depreciation
$ 48,000.00
23,673.00
124.00
$385,862.74
358,277.58
$ 17,470.64
424.69
31.50
$ 17,926.83
$ 3,682.44
214.28 .3,896.72
$283;025.00
152,826.41
$308,192.77
10,756.94
95,364.17
2,913.49
2,119.00
20,611.00
97.12
1,420.73
$ 71,797.00
19,371.82
27,585.16
14,Q30.11
101,057.29
130,198.59
$ 1,065.64
441,475.22
$442,540.86
Due from other funds at December 31, 1966 $ 26,606.15
Less amount included not requiring cash 11,295.97 15,310.18 379,350.15
Balance at December 31,1966 $ 63,190.71
Summary:
Operating Fund $41,098.96
Sinking Fund 22,091.75
TOTAL $63,091.71
—72—
WATERWORKS FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1966
Land
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
TOTAL
l. QJ QIA-
January 1,
1966
$ 27,556.38
13,153.22
A s s e t s
Additions Deductions
157.79
252,164.72..
$ 25,604.99
3,643,819.65
358,277:58
16,380.66
327.61
$3,912,365X3
$383,882.57
$ 247,102.12
$ 9,884.07
278,031-14
11,121.45
114,551°28
5,727.46
566,867 16
22,,668.22
3,186.58
$ 99.38
'11,918.74
432,540.66
.8,932.46
.1,723.00
57,318.69
350.00
$1,720,798.83
$ 1,822.38
$5,673,873.46
$385,862.74
Balance
December 31,
1966
$ 27;556.38
13,311.01
i 277,769.71
4,002,097.23
16 80.66
- 4,296,247.60
$ 247,102.12
i
278,031.14
114,551.28
566,867.16
3,285.96
1 11,918.74
432,540.66
$2,140.47 j 8,514.99
57,318.69
350.00
$2,140.47 $1,720,480.74'
$2,140.47 j $6,057,595.73
Allowance for Deareciation
Balance Balance
January 1, December 31,
1966 Additions Deductions 1966
$ - -
3,298.17 $ 529.85 3,828.02
$ 95,998,38
5,299.34
544,797.08
76,450.21
4,040.50
327.61
644,835.96
$ 82,077.16
$ 439612.52
$ 9,884.07
61,714.30
11,121.45
56,.131.90
5,727.46
176,409.13
22,,668.22
2,625.75
131.95
4,691.91
1,057.11
39,328.87
17,469.64
7,671.21
1013.13
3,140.07 .
1,146.37
$ 395,325.66 1 70,219.40
$1,043,459079 $152,826.41
i
i
;$2,140.47
210.7
$2,140.47
$ 101,297.72
621, 247.29
4.368.11
$ 726,913.12
$ 53,496.59
72,835.75
61,859.36
199,077.35
2,757.70
5,749.02
56,798.51
6,543°87
4,286.44
$ 463,404.59
$1,194,145.73
Net Balance
December 31,
1966
$ 27,556.38
9,482.99::'
$ 176,471.99
3080,849.94
12,012.55
$3,569,334.48
$ 193,605.53.
205,195.39
52,691.92
367,789.81
528.26
6- 169.72
375,742.15
1,971.12
53,032.25
350.00
$1,257,076,15
$4,863,450.00
-73-
SEWER RENTAL FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1966
ASSETS
CURRENT ASSETS
Cash — demand deposits
Investments°
United States Treasury bills — at cost
Accrued interest
Receivables:
From customers
Assessments receivable
Prepaid insurance
FIXED ASSETS — on the basis of cost
Land improvements
Furniture and fixtures
Trucks
Equipment
Less allowance for depreciation
4479135.00
716°25
20,.988.40
$ 7,102.29
47,851.25
347.82 21,336.22
24.00
TOTAL CURRENT ASSETS:' $ 76,313.76
$ 3,944.08
1,994.62
4,599-03
25,871.90
$36,409.63
23.212.86
13,196.77
$89,510.53
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Trade accounts- payable $103,340.37
Accrued payroll 167.43
TOTAL CURRENT LIABILITIES $103,507.80
SURPLUS
Invested in fixed assets $13,196.77
Earned — surplus deficit (deduction) ( 27.194.04) ( 13,997.27)
$ 89,510.53
-74-
SEWER RENTAL FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1966
Balance at January 1, 1966
Deductions:
'Net-loss for-year
Transfersa
Provision for depreciation
Additions to fixed assets
Balance at December 31, 1966
# Indicates red figure.
Invested
in Fixed
-Available Assets
$26,501.33* '$13,801.07
1,297.01#
$279798.34#
$ 2,678.13
2,073.83#
684.30
$27,194-04*.
$13,801.07
$ 2,678.13#
2,073.83
$ 604.30#
$13,196.77
-75®
SEWER RENTAL FUND
STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
Year Ended December 31
1966 1965
Operating incomes
Service charges and penalties $118,166.07 $106,198.74
-Expenses:
Operating:
Sewer maintenance and
treatment
Labbr
Supplies
Repairs
Water
Power
Provision for depreciation
Other
Vehicle operations
Allocated from equipment pool
Provision for depreciation
Administration and generals
Clerical' and supervision
Auditing
Supplies, telephone, postage
and retirement
Building rental
Provision for depreciation
Professional services
TOTAL EXPENSES
OPERATING LOSS
Other incomes
Income on investments
Miscellaneous
Depreciation charges to
operations included in
expenses
$ 63,233.00
26,682.00
3,194.00
5,270.00
200.00
4,395.00
2,092.13
479.87
$105,546.00
$ 63,289.27
26,803.30
4,169.83
1,996.95
200.00
3,928.10
2,317.45
10.5.51
$102,810.41
Per Cent to
Increase Operating Income
Decrease* 1966 1965
$11,967.33 100.0% 100.0%
$ 56.27#
121.30#
975.83#
3,273.05
466.90
225.32#
374-36
2,735.59
$ 3,240.00 $ 3,084.00 $ 156.00
89.3% 96.8%
432.00
260.00
172.00
$ 3,672.00
$ 3,344.00
$ 328.00
3.1
3.2
$ 5,091.00
$ 5020.00
$ 429.00#
300.00
300.00
-
4,980.00
4,968.00
12.00
420.00
300.00
120.00
154.00
147.62
6.38
600.00
355.15
244.85
$ 11,545.00
$ 11,590.77
45.77#
9.8
10.
$120,763.00
$117,745.18
$ 3,017.82
102.2%
110.
$ 2,596.93
$ 11,546.44
$ 8,949.51#
2.2%
10.9%
$ 1,049.00 $ 719.79 $ 329.21
250.92 7.06 243.86
$ 1,299.92 726.85 $ 573.07
NET LOSS $ 19297.01 $ 10,819.59 $ 9,522.58#
$ 2,678.13 $ 2,725.07 $ 46.94#
1.1 .7
1.1% 10.2%
-76-
SEWER RENTAL FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1966
Balance at January 1, 1966
Additions:
Collections on accounts receivable
Tax settlements received
Sale of investments
Income on investments
Payable at December 31, 1966:
'Trade accounts
Accrued payroll
Less payables at January 1, 1966:
Trade accounts
Accrued payroll
Due to other funds
Other
Deductions:
Expenses for the year
Less provision for depreciation
not requiring cash
Investments purchased
Purchase of fixed assets
Other
$115,397.23
532.70
10,000.00
1,049.00
$103,340.37
167.43
$103,507.80
$87,911.02
237.56
54.74 88,203.32 15,304.48
250.92
$120,763.00
$ 42,603.58
142,534.33
$185,137.91
2,678.13 118,084.87
57,851.25
2,073.83
25.67 178,035.62
Balance at December 31, 1966 $ 7,102.29
—77—
ASSETS
Land improvements
Furniture and fixtures
Trucks
Equipment
ALLOWANCE'FOR DEPRECIATION
Land improvements `
Furniture and-fixtures
Trucks
Equipment
SEWER RENTAL FUND,
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1966
NET BALANCE
Balance
January 1,
1966
$ 3,696.62
1,895.25
4,547.86
25,871.90
$36,011.63
$ 912.32
1,298.03
3,637.86
16,362.35
$22,210.56
$13,801.07
Additions Deductions
$ 247.46
99.37
1,727.00 $1,675.83
$2,073.83 $1,675.83
$ 152.81
153.82
432.70 $1,675.83
1,938.80
$2,678.13 $1,675.83
Balance
December 31,
`1966
3;944.08
1,994.62
4,599.03
25,871.90
$36,409.63
$ 1,065,13
1,7+51.85
2;394.73
18,301.15
$23,212.86
$13,196.77
—78—
LIQUOR DISPENSARY FUND
BALANCE- SHEET
VILLAGE OF EDINA
December 31, 1966
ASSETS
CURRENT ASSETS
Cash:
Demand deposits
Deposits in transit
Working funds
Investments — at cost-:
Village of Edina- Waterworks Revenue Bonds
of 1959
Accrued interest
Due from Golf Course Fund
Merchandise inventory - at cost (first —in,
first —out method):
Liquor
Wine
Beer
Mix and miscellaneous
Prepaid expenses:
Unexpired insurance
Supply inventory
LOAN TO GOLF COURSE FUND
FIXED ASSETS — at cost
Land
Land improvements
Building
Furniture, fixtures and equipment
Leasehold improvements
Less allowance for depreciation and
amortization
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Trade accounts payable -
Accrued payroll-
SURPLUS
Invested in fixed assets
Available.
$132,963.71
33,737064 $166,701.35
3,000,00
$ 26,861053
311067
$230,65392
35,130000
9,25456
2,417,51
$ 3,273.25
400.00
TOTAL CURRENT ASSETS
$ 16,500000
$ 3,412066
75,331,92
47,107056
28,172,74
$154,024.88
$169,701.35
27,173620
6,542°00
277,455.99
3,67325
$484,545°79
J 185,000.00
91,978.05 62,046083 78,546083
$748,092062
$ 20,428-37
M57.32
TOTAL CURRENT LIABILITIES $ 23,485.72
$ 78,546083
646,060007 724,606090
$748,092062
—79—
LIQUOR DISPENSARY FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1966
Balance at January 1, 1966
Additions:
Net income for year
Deductions:
Transfer to General Fund
Transfer to Park Fund
Transfer to Park Construction Fund
Transfers:
Provision for depreciation
Additions to fixed assets
Tota l
$658;690.33
287,916.57
$946,606:90
$ 70,700000
64,300.00
87,000.00
$222,000.00
$724,606.90
Balance at December 31, 1966 $724,606.90
* Indicates red figure.
Available
$571,322.38
287,916.57
$859,238°95
$ 70,700.00
64,300.00
87,000.00
$222,000.00
$637,238°95
10,945.99
2,124.87#
$646,060,07
Invested
in Fixed
Assets
$87,367.95
$87,367.95
$
$87,367.95
10,945.99#
2,124.87
$78,546.83
ff-*M
LIQUOR DISPENSARY FUND
STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
Sales:
Liquor
Wine
Beer
Mix and miscellaneous
Less bottle refunds
NET SALES
Cost of sales:
Inventory at January 1st
Purchases
Inventory at December 31st
GROSS MARGIN
Operating expenses:
Selling
Occupancy
Administrative
TOTAL OPERATING EXPENSES
NET OPERATING INCOME
Other income:
Cash discount
Cash over or (under)
Other
Income on investments
Depreciation and amortization included
in expenses
Year Ended December 31 Per Cent to Net Sales
1 9 6 6 1965 Increase 1 9 6 6 1965
50th Street Southdale Grandview Total Total Decrease* 50th Street Southdale Grandview Total Total
$546,017.00
83,897.00
134,151.00
15,336.00
$779,401.00
2,946.00
$776,455.00
$115,905.73
572,961.13
$688,866.86
106 2.86
M 81 .00
194,521.00
$ 30,371.00
15,440.00
13.872.00
$ 59.683.00
$134,838.00
3,072.00
178.00
295.57
$138,383.57
$ 5,497.95
$403,393.00
75,818.00
67,817.00
7,798.00
$554,826.00
2,138.00
$552,688.00
$ 93,919.61
394,423-19
488,342.80
76,328 80
8412,014 .00
$140,674.00
$ 21,582.00
20,246.00
13,676.00
$ 55.504.00
$ 85,170.00
2,122.00
27.00
$280,777.00
45,041.00
69,235.00
11.013.00
$406,066.00
2,574.00
403,492.00
$ 87,297.66
307,545.67
$394,843.33
94,194-33
$300,649.00
$102,843.00
$ 20,524.00
19,502.00
12,343.00
$ 52,369.00
$ 50,474.00
1,603.00
40.00)
$ 87,319.00 $ 52,037.00
NET INCOME
$1,230,187.00
204,756.00
271,203.00
34.147.00
$1,740,293.00
7.658.00
1,732,635.00
$ 297,123.00
1,274,929.99
$1,572,052.99
277,455.99
$1.294.597.00
$ 438,038.00
$ 72,477.00
55,188.00
39,891.00
$ 167,556.00
$ 270,482.00
6,797.00
165.00
295.57
$1,264,933.76
209,923.93
273,531.86
31.269.40
$1,779,658.95
6,072.53
1,773,586.42
$ 307,760.28
1,310,617.84
$1,618,378.12
297,123.00
$1,321,255.12
$ 452,331.30
$34,-746.76#
5,167.93#
2,328.86#
2.877.60
$39,365.95#
1,585.47
$40,951.42#
$10,637.28#
35,687.85#
$46,325.13*
195667.01#
$26,658.12#
$14,293.30#
100.00% 100.00% 100.00% 100.00% 100.00%
74.95 74-55 74.51 74.72 74.50
25.05% 25.45% 25.49% 25.28% 25.50%
$ 74,799.68
$ 2,322.68#
3.91%
3.90%
5.09%
4.18%
4.21%
53,361.50
1,826.50
1.99
3.66
4.83
3.19
3.01
36,569.24
3,321.76
1.79
'2.48
3.06
2. 0
2.06
9
$ 164,730.42
$ 2,825.58
7.6
10.0
12. 98%
.28
$ 287,600.88
$17,118.88#
17.36
15.41%
12 .51%
15.61%
16:22%
6,867.93
70.93#
.40
-.39
.39
.39
.39
223.22
58.22#
.02
.01
.01
192.11
103.46
.04
.02
.O1
$ 277,739.57 $ 294,884.14 $17,144.57# 17.82%
10,177.00 8,023.76 2,153.24
$ 287,916.57
$ 2,205.00 $ 3,243:00 $ 10,945.99
$ 302,907.90 $14,991.33#
$ 10,943.99 $ 2.00
- 15.80% 12.90% 16.03% 16.63%
-81-
i
LIQUOR DISPENSARY FUND
OPERATING EXPENSES
VILLAGE OF EDINA ,
Selling:
Salaries and wages
.Supplies
Licenses and dues
Pro -rata promotion
Service contracts
Occupancy:
Salaries and wages
Rent
Telephone
Supplies.
Light and power
Maintenance - refrigeration equipment
Heat
Laundry and rug service
Burglar alarm
_Insurance .
Share of maintenance parking lot
and traffic directing
Repairs and maintenance
Provision for depreciation
Rubbish hauling
Janitorial services
Miscellaneous
Replacement - heating system.
Administrative:
Salaries and wages
Supplies
Professional services
Allocated expenses - retirement,
insurance, office supplies, etc..
Miscellaneous
i cai ciiucu
1. 9 6 6
50th Streit Southdale Grandview Total
$29.,.032.00 $20,278.00 $19,758.00 $ 69,06.8000
1,268.00 1,056.00 652.00 2,976.00
71.00 18.00 18.00 107.00
182.00 182.00
48.00 96.00 144000,
$30,371':00 $21,582.00 $20,524.00 $ 72,477.00.
597.00 597:00
216.01
36.00
245.00
461.01.
5,497.99
$14,652.00
$10,596.00
25;248.00
$ 336.00
276.00
252.00
864.00
64.00
11.00
65.00
.140.00
1,658.00
1,060.00
1,414.00
4;132.00
388.00
36.00
324.47'
424.00
295.00
$20,246.00
444.00.
:.739.00.
523.00
355,.00
516.00
1,394.00
179.00
96.00
.275.00
19986.00
1,399.00
1,659.00
.5,044.00
597.00 597:00
216.01
36.00
245.00
461.01.
5,497.99
2,205.00
3,243.00
109945:99
420.00
240.00
300.00
960.00
690.00
40.00
.730.00
75.00
12.00
35.00
122.00
3,112.00
324.47'
3,112.00
$15,440.00
$20,246.00
$19,502,00
$'55,188.00
$10,279.00
$10,413.00
$ 9,943.00
$ 30,635.00
16.00
60;00
16.00
833.00
733-00
584.00
2,150.00
29640.00 2,100.00 1,800.00 6,540.00
104.00 430.00 16.00 -550;00
$13,872.00 $13,676.00 $12,343.00 $ 39,891.00
TOTAL $599683.00 $559504.00 $52,369.00 $167,556.00
1 9 6 5
50th Street Southdale Grandview. Total`
$29,310.45 $23,164.78 $18,637.51 $ 71,112674
1,418.40 1,120.91 619.99 3,159.30
43.00 23000 23.00 89.00
191.16 191.16
117076 68.31 61.itl 247.48
30.9889.61 $249568.16 19,341.91 $ 74,799.68
$. 170.14 $ 37.93 $ 208.07
$14,152x02. 10,623.06 24,775.08
327.95 272.33 227.03 827.31
347.18 116.72 464.16 928.06
19483.92 1,079.71 1,591.00 4x154.63
405.90
36.00
441.90
500.68
445.97
946-65
512.50
304.99
377.13
1,194. 62 '
173.73
96.00
269.73
29222053
1,850.28
1030.37
5,403.18
710.35
324.47'
1,034.82
5,546.42
2,215..25
3,182.32
10,943.99
300,00
240.00
300;00
840.00
730.00
60;00
790.00
.262.44
10.00
331.02
603.46
i
$13,693.74
$2031277°30
$199390.46
$ 531361.50
$10,159.12
$ 9,559.09
$ 7,939.98
$ 27,658.19
301.90
334.30
299.09
935.29
846.04
746.06
512.50
21104.60
2,712.00
2,676.00
299.09#
5,388.00
158.73
324.43
71.50
483.16
$14,177.79
913.622.88
$ 8,751.57
$ 36,569.24
$58,761.14 $5$.,485.34 847,483.94 $164,730.42
Increasea-Decrease*
'50th Street Southdale Grandview Total
$ 278.45# $29886.78# $1,120049 $2:,044.74#
150.40# 64.91# 32.01 183.30#
28000 5.00# 5.00# .18.00
9.16# 9..16#
117.76# 20.31# 34.59 103.48#
$ 518.61# $29986.16# $1;182.09 $2,322.68#
$ 170.14# $ 37.93# $- 208.07#
$ 499.98 27.06# 472.92
8.05 3.67 24.97 36.69
283.18# 105.72# 399.16# 788.06#
174.08 19.71# 177.00* 22.63#
17.90#
.17.90#
205.68#
1.97#
207.65#
'10.50
50.01.
138,87
199-38
5.27
5.27
236.53*
451.28#
328.63
359.18*
597:.00
597.00
494.34*
79.47*
573.81#
48.43#
10025 *.
,. 60.68
2.00
120.00
120.00
40.00#
20.00*
60.00#
187.44#
2.00
296.02#
481.46#
3,112.00
3,112;00
$1,746.26 $
31.30#
$ 111.54
$1,826.50
$ 119.88 $
853.91
$2,003.02,
$2,976.81
285.90*
334.30#
299.09#
919.29#
13.04#
13.06#
71.50
45.40
72.00# 576.00# 19800.00 1,152.00
54.73# 105.57 16.00 66.8
0 _. 7 * 36.12 $3i591. 21.76
$ 921.86 $2,981.34# $4,885.06 $2,825.58
-82-
LIQUOR DISPENSARY FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1966
Balance at January '19 1966
Additions;
.Gross sales
Sale of investments
Cash discounts
Interest received on,investments
Payment received on accruals at December 319 1965
Decrease in prepaid insurance
Other revenue
$1,740,293.00
85,191.67
6,797.00
3,681000
6,475.00
149.60
460.59
$ 41,283.97
.1,843,047.86
$1,884,331:83
Deductions:
Merchandise purchased
$1,274,929.99'
Bottle refund
7,658.00
Operating expenses
$1679556°00
Less depreciation included therein not
requiring cash
101945.99
156,610.01
Transfer:
General Fund
$ 70,700.00
Park Fund
64,300.00
Park Construction Fund
87,000X0
222,000.00
Investments purchased
35,000.00
Additions to fixed assets
2,124.87
Payment made for another fund
67.00,
Decrease in liabilities:
Balance at January 1, 19660
Trade accounts
$ 39,471.11
Accrued payroll
2,870.90
Due to General Fund
384.32
8 42,726.33
Balance at December 31, 1966:,
Trade accounts $20,428.37
Accrued payroll 3,057.35
23,485.72
19,240.61 1,717,630.48
Balance.at December 31, 1966 $. 166,701.35
—83-
LIQUOR DISPENSARY FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1966
ASSETS
Land
Land improvements
Building
Furniture, fixtures and equipment
Leasehold improvements
ALLOWANCE FOR DEPRECIATION
AND AMORTIZATION
Land improvements
Building
Furniture, fixtures and equipment
Leasehold improvements
Balance
January 1,
1966
$ 16,500.00
3,412.66
75,331.92
44,982.69
28,172.74
$168,400001
$ 1,282.90
40,667.23
22,390-99
16,690094
$ 81,032.06
NET BALANCE $ 87,367.95
Additions
$ 2,124.87
$ 2,124.87
$ 139.93
3,900.73
3,602.37
3,302.96
$10,945099
Balance
December 31,
1966
16,500.00
3,412.66
75,331.92
47,107.56
28,172.74
$170,524.88
$ 1,422.83
44,567.96
25,993-36
19,99390
$ 91,978.05
$ 78,546.83
-84-
I�
CASH — ALL FUNDS
VILLAGE OF EDINA
December 31, 1966
Indicates red figure.
—85—
Demand and
Time
Working
Deposits
Funds
Total
Fund:
General:
Current
$180,916.96
$ 550.00
$181,466.96
Poor:
Current
5,846.34
5,846.34
Perk:
Current
30,732.97
30,732.97
Swimming Pool: - .
Current
3,538.91#
3,538.91#
Golf Course:
Current
3,951.16
50.00
4,001.16
Recreation Center:
Current
46,302.04
'700.00
-47,002.04
Park Sinking:
For bonds and interest
74,842.22
74,842.22
Park Construction:
For construction
43,544.40
43,544.40
Improvement:
Current
$306,028.84
"For bond interest
70,689.38
For construction
352,075.85*
$ 24,642.37
24,642.37
Waterworks:
Current
$ 41,098.96
Appropriated
22,091.75
$ 63,190.71
63,_190.71
Sewer Rental:
Current
7,102.29
7,102.29
Liquor Dispensary:
Current
166,701.35
3,000.00
169.701.35
TOTAL $644,233.90
$4,300-.00
$648,533.90
Depository:
Demand deposits:.
First Edina National Bank
$195,511.18
First Southdale National Bank
8,901.92
Midland National Bank
4.820.80
$209,233.90
Time deposits:
First Edina National Bank
$135,000.00
First Southdale National Bank
100,000.00
Franklin National Bank
100,000.00
Midland National Bank
100,000.00
$435,000.00
.,Working funds
4,300.00
$648,533.90
Indicates red figure.
—85—
SECURITY FOR DEPOSITS
VILLAGE OF EDINA
December 31, 1966
First Edina- National Bank - demand deposit
do - certificate of deposit
First Southdale National Bank — demand deposit
do certificate of deposit
Midland National Bank — demand deposit
do certificate of deposit
Franklin National Bank — certificate of deposit
Deposits
Book Bank
$195,511.18 $401,437.03
135,000.00 1359000.00
TOTAL $330,511.18
$536,437.03
$ 8,901.92
$ 26,362.35
100,000.00
100,000.00
TOTAL $108,901.92 $126,362.35
$ 4,820.80 $ 4,820.80
100,000.00 100,000.00
TOTAL
TOTAL
$104,820.80
$100,000.00
$100,000.00
$104,820.80
$100,000.00
$100,000.00
Securitv for Deposits
Principal
Amount
Description
Due Date
$250,000.00
United
States Treasury bonds
November
15,
1973.
2009000.00
United
States Treasury notes
February
15,
1967
15.000.00
Federal
Deposit Insurance
$465,000.00
$ 50,000.00.
United
States Treasury notes
August .
15,
1968
50,000.00
United
States Treasury notes
November
15,
1970
1109000.00
United
States Treasury bonds
September
15,
1972
100,000.00
United
States Treasury bonds
August
15,
1973
100,000.00
UnitediStates
Treasury, bonds
February
15,
1974
159000.00
Federal
Deposit Insurance
$425,000.00
$ 25,000.00
I.S.D.
#275 Golden Valley
July
19
1979
1 50,000°00
I.S.D.
#423 Hutchinson
March.
1,
1980
509000.00
I.S.D.
#742 St. Cloud,
February
19
1980
25,000.00
Village
of Edina Improvement bonds
September.
1,
1969
25,000.00
Village
of Edina Improvement bonds
September
1,
1970
/+09000°00
Village
of Edina Improvement bonds
January
1,
1971
35;000.00
I.S.D.
#_273 Edina— Morningside
May
1,
1975
15,000.00
Federal
Deposit Insurance
$265,000.00
$100,000.00
United
States Treasury.notes
February
15,
1968
15,000.00
Federal
Deposit Insurance
$115,000.00
I
i
I -86-
Description
United States Treasury bills
United States Treasury notes
do
Federal Intermediate Credit
INVESTMENTS
VILLAGE OF EDINA
December..31, 1966
Maturity
September 30, 1967
November 15, 1970
February ,15, 1970
Interest Rate Face Amount
Discounted $ 500;000.00
5 %_ 500;000'.00
4% 150.000.00
$ 650,000.00
Bank Debentures March 1, 1967 5.60%
do April 3, 1967 5.60
do May 1, 1967 5.86
do, June 1, 1967 6.00
Federal Land Bank
Village of Edina, Minnesota:
1955 Improvement Bonds
1957 Improvement Bonds
1958 Improvement Bonds
1959 Improvement Bonds
1960 Improvement Bonds
1962 Improvement Bonds
1966 Improvement Bonds
1957 Park Bonds
1962 Park Bonds
1955 Waterworks Revenue Bonds
1959 Waterworks Revenue Bonds
Land investments
FUND. OWNERSHIP
Improvement Funds
General
Poor
Golf Course
Park Sinking
Park Construction
Waterworks
Sewer Rental
Liquor Dispensary
July
March
March
March
June
September
December
November
March
December
March
September
20, 1976
1,
1977
lj
1974
to
1979
1,
1967
1,
1968
to
1969
1,
1970
1,
1969
to
1970
it
1970
to
1972
1,
1968
to
1970
1,
1969
to
1970
1,
1969
to
1970
1,
1971
to
1974
5.38
2.90%
3.90
2.70
2.75 to 3.75
3.30
2.70
3.90
3.70
2.70
2.50
3.40 to 3.50
TOTAL
Face
Amount
December ,31,
1966
$2,167,503.00
300,000.00
17,000.00
50,000.00
10,000.00
66,000.00
100,000.00
50,000.00
27,000.00
$2,787,503.00
500,000.00
100,000.00
100,000.00
500,000.00
$1,2009000.00
200,000.00
$ 25,000.00
31,000.00
5,000.0o-
23;000.00
32,000.00
25,000.00
20,000.00
6,000.00
20,000.00
17,000.00
27,000.00
$ 231,000.00
6,503.00
$2,787,503.00
Carrying
Amount
December'31,
1966
$2,167,503.00
287,107.50
17,000.00
47,851.25
10,0T)0.00
66,000.00
102,338.80
47,851.25
27,173.20
$2,7729825.00
—87—
TAXABLE VALUATIONS, TAX LEVIES AND RATES
Taxable valuation:
Real estate
Personal property
Tax levies extended:
Extended in year
Collectible in year
General
Parks
Bonds and interest
Poor and public nursing
Firemen's relief
Fire protection
Hennepin County park
Tax rate by mills:
General
Parks
Bonds and interest -
Poor and public nursing
Firemen's relief
Fire protection
Hennepin County park
VILLAGE OF EDINA
TOTAL
TOTAL
TOTAL
December 31
1966 1965
$41,002,999.00 $35,.250,135.00
3.156.601.00 2.436.976.00
$44,159,600.00 $379687,111.00
1966
1967
i,o96,482.86
86,994.41
62,706.63
15,014.26
4,415.96
13,247.88
4.415.96
$19283,277.96
24.83
1.97
1.42
.34
.10
.30
.10
29.06
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
e33
.11
.30
.12
29°46
M
OFFICIAL BONDS
VILLAGE OF EDINA
December 31, 1966
Position
On file with Clerk — Trea.surer:
Blanket position
Blanket position
Treasurer
Village Clerk
Deputy Assessor
Deputy Assessor
On file with County Auditor:
Assessor
Name
Police . department employees
All Village employees not otherwise
required by law to be specifically
bonded
J. N. Dalen
Florence B. Hallberg
Loukas M. Angelus.
Kent Swanson
Donald Kearns
Bond Expires Amount Surety
February 28, 1967 $ 5,000.00 American Casualty Company
February
28,
1967
$509000.00'
American
Casualty
Company
May
1,
1967
$50,000'.00'
American
Casualty
Company
May
1,
1967
500:00
American
Casualty
Company
May
1,
1967
$ 500.00
American
Casualty
Company
May
1,
1967
500.00
American
Casualty
Company
Indefinite
500.00
The Aetna
i
I
I
Casualty and Surety Company
i
-89-
INSURANCE COVERAGE
VILLAGE OF EDINA
December,31, 1966
IN
Fire
and
Extended
Coverage
Building
Contents
Other
Building and contents (A):
Village Hall
$456,500
$ 66,000
Library
34,100
Morniiigside municipal buildings
28,350
3,500
Village garage
363,000
22,000
Municipal liquor store - 50th Street
59,500
10,800
Municipal liquor store - Southdale
7,200
Municipal liquor store - Grandview
20,000
Municipal golf course
133,650
99900
Municipal recreation center
3819000
105950(7
Municipal swimming pool
165,000
Water reservoir
330,000
Pumping stations .(location):
Wooddale
52,25Q
559000
Halifax
9,900
12,100
South-View Lane
9;900
13,200
Southdale
13,200
139200
Concord.
44,000
779000
Brookv'iew Heights
8,800
13,200
Hansen Road
13,200
17,600
76th Street
53,250
115,000
2nd Street
60,000
103,000
6500'Dewey Hill Road
38,000
13,000
Sherwood
11,000
13,20.0
Water tbwer - Concord Street
1219000
Water tower - 69th Street
198,000
Sanitary sewer lift station
44,000
19,800
Bathhouse
55,000
11,00D
Maintenance building -_,golf course
6,600
Inventories:
Liquor store - Southdale
$ 175,000(D)
Liquor store - 5CYth Street
200 °,000(D)
Liquor store - Grand'view,
1259000(D)
Automotive:
Bodily injury
$500
1,000,000
Property damage
100-9000
Comprehensive
Actual
cash value
Village liquor stores:
Comprehensive glass breakage
Actual(B)
Liquor liability-
1,000,000(B)
Boiler - 50th Street
509000
Business interruption - 50th Street
97,500
Business interruption - Southdale
79,800
Business interruption - Grandview
50,000
IN
INSURANCE COVERAGE (Cont'd)
Village liquor stores (cont'd):
Burglary, robbery and theft — within premises
Burglary, robbery and theft — outside premises
Burglary, robbery and theft — merchandise
Village golf courses
Liquor lidbility
Burglary,'robbery and theft — within,premises
Burglary, robbery and theft 4 outside premises
Burglary, robbery and theft m merchandise
Boiler`
Recreafon center:
Business interruption
Burglary, robbery and theft — within premises
Burglary, robbery and theft — outside premises
Boiler"
Other insurance:
General liability:
Automotive non—ownership, independent
contractor,-and Village premises —
opeiations:
Bodily injury
Propeity damage
Workmen's compensation
Edina' Voluriteer" Fire 'Department group
accident policy, maximum each fireman
Property floater all risk — voting machines
Property floater - equipment other than
automotive
Note A —.90% coinsurance.
Note B 50th Street, Southdale and Grandview..
Note C — 40% coinsurance..
Note D — Reporting forme
Fire and
Extended Coverage
Building Contents
Other
$ 5,000(B)
5,000(B)
7,500(8),
(C)
1,000,000
5,000
5,000
4,000(c)
50,000
65,000
2,500
2,500
50,000
$100'/ 1,000,.000
100,000
Statutory
3,000
97,440
Actual cash value
—91—
ORGANIZATION
VILLAGE OF EDINA
December 31, 1966
Village Council:
Mayor:
Arthur C. Bredesen, Jr.
Trustees:
Frank J. Tupa
James Van Valkenburg
Hugh J. MacMillan
Richard C. Johnson
C. Wayne Courtney
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 ate— appointed'to
December 31 December 31
1967
•.:
1966 1969
1967
1968
1970
Appointed by Council
1966
1967
—92