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HomeMy WebLinkAbout1947 Financial AffairsREPORT OF PUf JC aAMINER on the FINANCIAL AFFAIRS of VILLAGE OF EDINA Hennepin County Year Ended December 31, 1947 Examination made April 8, 1948 pursuant to request of the Village Council as provided for in M.S.A., Section 215.20 Examined by: Zfim. J. Langlois A. H. Verket Russell Andrews RICHARD A. GOLLING, Public Examiner, Saint Paul, Minnesota Village of Edina Table of Contents. Reference Page Comments and Recommendations 1 -15 Organization 16 -S Combined Balance Sheet Exhibit A 17 -18 Taxable valuations Exhibit B 19 Statement of Investments Schedule 1 20 Summary of__Receinte,- Disbursements, and.Balances Exhibit C 21 General and Poor Funds .Classification of Receipts Schedule 2 22-24 Classification of Disbursements Schedule 3 25 -31 Statement of - Encumbrances Schedule 4 32 General Fund - Analysis of Changes in Surplus Schedule '5 33-34 Special Assessment Funds r' Combined Balance Sheet Exhibit D 35 r Sever District Funds - Balance - Sheet. -. Exhibit E . 36 Water Hain Improvement Funds - Balance Sheet -Exhibit F 37 Summary of Receipts, Disbursements. and Balances :Fsxiiibit G 38 Classification,of Receipts:_ Schedule 6 39 _ Classification of Disbursements, Schedule 7 40 Statement -of Transfers Schedule =8 41 Statement,of Special Assessments-Receivable Current and Delinquent Schedulq.9 42 Deferred Schedule 10 43 Statement of Construction,Costs -i; Completed. Construction, and Special - Assessments _Spread, Schedule ll 44-45 Bonds Payable Schedule 12 -46, Bonft Payable Maturities and Interest -'Schedule 13- 47 -Payable to City of Minneapolis for Portion of Cost for Sewer Disposal Plant and-Intekeeptor Sewer Outlet Sehedule.14 48 Permanent Improvement.Revolying, Fund Balance Sheet Eshibit.H 49 Statement of Receipts,: Disbursements,, and Balances _ 'Schedule 15 50-51 Statement -of Special Assessments - ,Receivable - Current- 'and-Delinquent Schedule 16 52 Deferred Schedule:17 53 Statement of Due from General Fund - Schedule 18 54- Statement of Construction Costs and Work:.in • Progress Schedule 19 55_56 Village of Edina Reference Page Permanent Improvement Revolving Fund (Continued) Statement 'of Due to General Fund Schedule-20 57 Statement of Reserve for Contingencies Schedule 21 58 Summary of Bond an4i Interest Maturities, Deferred - Tax-Levies, and Reserve for "Uncollectible Taxes Schedule 22 59 Ahalysis'=of Changes in.Surplus Schedule 23 60 ` Workipg Capital Fund Statement.of Income and Expense, Exhibit I 61 Statement of Distributioft of Expense Schedule 24 62 Statement.of R'eceipts,`Disbursemente,'and"- Balances Schedule 25 63 Waterworks Fund' Balance Sheet Exhibit J 64 Statement of:Jncome.and Expense Schedule 26 65-66 Statement of Fixed Assets and Reserve for Depreciation Schedule 27 67-68 Statement of Receipts, Disbursements,-and Balances Schedule 28 69-70 Accounts Receivable .= Statement of Charges and Collections Schedule 29 71 Summary- of"Bond Maturities -and Interest Schedule 30- 72 Garbage, Fund . Statement of Income and Expense Schedule 31 73 Statement of Receipts, Disbursements, and- Balances Schedule '32 74 Accounts'Receivible - Statement of Charges and Collections Schedule 33 75 Sewer Rental- -Fund Statement of Income and Expense Schedule -34 76 Analysis of Operating Surplus Schedule 35- '77 Statement- of'Receipts, Disbursements; and Balancee Schedule 36 78. Accounts Receivable = .Statement of Changes and Collections Schedule 37 79 General Fixed Assets Schedule 38 80 Municipal Court Schedule 39 81 Insurance Schedule 40 82-83 Bank Balance., Collateral. -and Federal" Deposit Insurance. Schedule 41 84 Official Bonds Schedule 42 85 F.I Village - of Edina Comments and Recommendations Tie - This report covers an examination of the financial affairs of the Village of Edina, Hennepin County, for the year ended December 31, 1947. Examination was made April 8, 1948 pursuant to request of the Village Council as provided for in M.B.A., Section 215.20. Financial Condition 7he financial condition of each of the Village funds on December 31, 1947 is shown in the Combined Balance Sheet,. Exhibit A. During the year the following new funds were established': Working °Cspitaa. Waterworks Garbage: _ Funds established in prior -years and, continued in operation in- 1947 weret = General Poor Special Assessment Permanent Improvement Revolving Sewer Rental General Fund Financier Condi tion . _ 7ie: financial condition of the General -'Fund =December 31, 1947-is shown in Exhibit A a summary of which is as fonolwst Assets: Cash with Treasurer 39,635.89 Impres t cash 100• Undeposited receipts 8000 Investments 20i 000.00 Tapes :receivable - delinquent 4,985.72 Due from other funds 38. 1.82 Total. Assets 81-03,461.42 F.I i • Village of Edina General Fund. Financial Condition (Continued) ' Li.abili.ties, Reserves, and ,Surplus: Encumbrances' Accounts payable_ Due to other funds Reserves for •• Imprest cash Park•purposes Unrealized revenue Advances to P *4. Fund Advance to Working Capital Fund Surplus Total. Liabilities, Reserves, :and, Surplus 1, 223.75 1, 886,_98. 24,969.79 100,00 91.08 4;:965.72 23,485.52 11, 690.28. 35,_028.31 ,i' 9 . A. Undeposited receipts' of $8•'0o are from,-Municipal Court fines and costs collected but not transmitted to the Treasurer on December 34 19470' Investments on hand December-J1,,71947 consisted of $20,:000.00'of United States Treasury notes and certificates. These securities are held for safekeeping by the Miciand National Bank of Minneapolis. The amount due from other-funds represents temporary loans and - unpaid services to the following departments or fundet Permanent Improvement - Revolving Fund' Sewer Rental 2394$5.52 00 Pa-r- 4 ( ®f9 Fund Waterworks Fund 3009 1,554.56-<' Working - Capitals Fund Special Assessment Funds 14690.0 10401.06 Garbage,- Collection Fund` 300.00 ( �9 Tbta 8 There was payable. from tae. General Fund to other funds on December 31, 1947 the follawIng s Y, Permanent• Improvement Revolving Fund 3,718,3? W irking Capital Fund 21,180,32: Waterworks Fund 71.100;Q: Total - It is recommended that in the future all expenditures_ made for a particular . find be charged to that fund. If services are performed by one department for. another, the indebted department should be billed promptly and settlement ef fected, Tire cost D village of Edina, General. Fund Financial Condition (Continued) of any project or undertaking would then be shown in the fund or account for which the money was provided. An analysis of the changes in the surplus account is shown in Schedule 5. Operations , A comparison of the revenue and expenditures and encumbrances with the amounts budgeted for the year ended December 31, 1947 is as follows: Budget Actual Estimate Over Under, for 1947 Actual Estimate Revenue: Cash Receipts Taxes $108,0 497950 #109, 995.63' $ 1, 5M*13 Licenses and permits 7 000.00 60911.83 88e17 Municipal'Court fines 25,000.00 3,470.00 1,470.00 Service charges 52000-00 17, 450.51 12, 450.51 Sundry 1,890.00 31?17.15 1,827 *15 Total cash receipts $124.387.50 ,1t�i.548,12 # 17,16o, 6 Other revenue .- Unremitted Municipal Court fines December 31, 1947 # 8000 Transfer from reserve for park purposes amount donated in 1946 for 1947 expenditure 2, 500.00 Due from Waterworks Fund amount equiv- alent to offset loss in taxes for period - J'uly 1 to December 31, 1947 537968 Clerical services for year 1947 — ` Due from Sewer Rental Fns 300000 Due from Garbage Fund 300.00 Engineering and clerical services - due from Special Assessment Funds 1,40106 Total other revenue 5404 6.74 5, 046.74 Total cash receipts and other revenue I124T 387.50 $146.594.81 6 22,207.36 Deduct — • Transfer to reserve for park purposes donation for upkeep of Williams Memorial Park included in cash receipts above # 2,000900 Loss on sale of investments 12.50 3 V 0 Village of Edina General Fund Operations (Continued) Revenue: Deduct - (Continued) Municipal Court fines due State and County included in cash receipts above Total deductions from revenue Total Revenue for year 1947 Expenditures and Encumbrances: General government Police protection Fire protection Inspection services Streets and highways Sanitation Health Recreation Worlmen•s compensation insurance Other, Budget Actual Estimate Over Under for 1947 Actual Estimate .• of 1, 2.072.50 6 24, 072.50 Actual Budget ash Dis- Accrued Actual Estimate bursements Charges Over Under for 1947 Schedule 3 Schedule 5 Es„ $ 28,537.50 $39,522.10 $ 1x233.3.1 $ 12,217 *71 17, 830,00 15, 995.14 3.959475 11757989 3s290900 4, 004.55 748.20 1,462e75 3,550.00 3,992.07 639.76 1,OBI *83 40212040 48, 213.37 15, 662.81 23o756#18 10, 200,00 4, 901.91 922427 4, 376.82 36000 1 360.00 4,500.00 11,317.49 12081.89 7,899938 4 000.00 1, 001618 1018 2,10,000 1,617. 882.61 Total Current Expense $111,887.50 $130,925.20 $ 23!879,79 $ 42,917'49 Capital outlay 129, 500.00 17, 484.3,3 4s98423 Encumbrances December 31, 1947 1,,223275 1.223275. Total $124.30%50 $148.409.33 1 25.103x54 $ 49,125.37 Deduct - Transfer to reserve for park purposes cost of maintaining WilliamsMemorial Park during year 1947 included in cash disbursements above Highway labor transferred to P. T. R. F'nnd Encumbrances for prior year unpaid . Total, deduc tions Net cash disbursements Net accrued charges Total Expenditures and Encumbrances $ 2, 208.92 106.29 $ 178.50 $ 2.315.21 $ 1 8 A50 2,.493*71. $1460 094.12 24--- -.925'04 • _0 40 Village of Edina poor Fund F` ream diu The available surplus in the Poor Fl and on December 31, 1947 consisted of the following assets Cash with Treasurer 5,585.07 Investments 6 &00 Tbtal The investments consisting of $6,,OOO,E0 of Mi.ted States Treasury eertdficates of indebtedness we deposited with the Midland National Bank of Vinneapoiis for safe keeping. Operati.one Expenditures for poor relief' dvxing the year ended December 31, 1947 were as follows: Oharitiesx _ Direct -rel.ia.. $' - 2043939 - Institutional care 116.50 Premium and accrued interest on = investments_ purchased 8017 Total Expenditures- 668 Funds provided were derived from the following soureeet es: 3,859.65 State aid - 216.62 Interest on investments .. Total lbwess of funds provided over expenditures during the year was $1, 575.360 making. a total.. available - surplus on December 31, 1947 of $11, 585.07. - Special Assessment Fnnds. The financial condition of the Special. Assessment Funds on December 31, 1947 is shown in the Combined Balance Sheet,. Exhibit D. lie assets ana liabilities' of the newer district funds and the- water main im- provement funds-are shown by projects in Exhibits E -and F respectively. 9 Village of Edina PS21al Assessment Funds (Continued) A summary of the combined assets and liabilities of the Special Assessment Funds on December 31, 1947 is as followsa Assetsr Cash Investments Taxes receivable Special assessments receivable A Delinquent Current Deferred Due from other funds •• Permanent Improvement Revolving Fund Joint Seger District No. l Amount to be provided for Village's share of cost of Minneapoli"t, Paul Sanitary District Total Assets- Liabilities and Surplus-.- Accounts payable Contracts payable Canceled assessments to be refunded Due to other funds — General. Fund Working Capital Funs Sewer District No. 18 Fund P.I.It. Fund , Interest payable in 1948 Bonds payable Due to Minneapolis -+St. Paul Sanitary District Surplus Total Liabilities and Surplus x.52,433.42 28,000.00 76.30 8,176.34 75,358.43 288,165.64 10,00 803.77 302.38 547.60 1,183914 1,401.06 syVS ,�- 4.35 , 803.77 - 511 ; 850.13 10466.50 354, 850.00 43,401.62 77.124* fj A statement of the changes in the investments belonging to the Special Assessment Fends is shun in Schedule 1. Changes in the special assessments during the year ended December. 31x.,1947 is shown in Schedules 9 and 10. During the year $65,000.00 of bonds were sold, while $43,000.00 of bonds were redeemed* The amount of special assessment 'bonds payable on December 31, 1947 was $354,850.00, of which $51,000900 will mature in 1948- Interest of $102466.50 vdn also be due and payable in 1948. I 0 9 40 Village of Edina Permanent impM meet Revolving Fund In order to finance the cost of improvements in the Permanent Improvement Revolving Funds a resolution was passed on November 6s 1947 providing for the issuance of $180,000.00 of bonds. These bonds, which were dated December is 1947, bear interest at the rate of two per cent, mature serially on April and October, first and fully mature on October 1, 19518. An irrepealable tear levy, was also certified to the County for payment of principal and interest. A summary of bond and interest matu ltiess deferred tax levies, and reserve for uncollectible taxes is shown in Schedule 22. Working Capital Fund A Working Capital Fund was established by resolution adopted by the Council on December 30, 1946 in which to provide funds for replacing obsolete or worn -out equipment, pooling all equipment, and charging each department of the Village rental for the use of equipment. In order to provide immediate funds for operation, an advance or temporary transfer of $11, 690.28 -was made from the General Fund to the Working Capital Fund. the only other receipts during the year were $53.62 for rent of egaipment.to an outside party and sale of supplies for $9971. A statement of income from rent and of expense for-each unit of equipment is shown in Exhibit I. The income from rents was charged as follows: General Fund Special Assessment Fund Permanent Improvement Revolving Fund Waterworks Fund Seger Rental Fund Cash - Outside parties $ 21,1 4.35 1, 216,08�� 598.95 ✓ 150.65 f 53.62 lhe. rental charges were billed as of December 31, 1947, therefore payments were not made by the various departments prior to that date. the charges are shown on the Working Capital Fund section of the Balance Sheets Exhibit As as receivables and as payables of the funds as above listed. Village of Edina Waterworks Fund Aconisi tion of Water Utility Following negotiations for the purchase of the waterworks system from the Country Club District Service Companyp the Council at a special meeting held June 3, 1947 adopted a resolution accepting the offer of the Country Club District Service Company and Oscar Gaarden, dated June 3, 19470 to sell to the Village the properties of said Company for $135,000-00. At an adjourned meeting of the Council held July 10, 1947, a resolution was adopted providing for the issuance of waterworn revenue bonds for the purpose of providing money for the purchase and improvement of the waterworks plant and system. The bid of Allison-Williams Company to purchase $150, 000.00 of waterworks revenue bonds, dated July 1, 1947 at par and accrued interest was accepted by the Council at an adjourned meeting held July 10, 1947. ?he bonds are described below: Bonds maturing in 1949 to 1957 inclusive, interest at 2 1/2$ $ 56.oOOD*00 Bonds maturing in 1955 to 1967 . inclusive, interest at 2 3/4% 94..000.W Total Bonds $150_000.00 An bonds maturing after September 1, 1957 are subject to redemption and prior payment at par and accrued interest at the option of the Village on said date and any interest payment date thereafter. purposes: Mie proceeds from the sale of these bonds were to be used for the following Purchase of property from Country Club District Service Company $133,500*00 Reconditioning of hydrants and valve 1,500*00 Reconditioning of 50th Street main moo Construction of pump house and landscaping 5,DW.00 Safety ladder on tank and miscellaneous expense 12000000 Appraisal and acquisition expense 3- 500*OD Working capital 5.00Qo2Q Total Mina Operation of the plant by the Village began July 1, 1947. 9. 0 9 0 Village of Edina Waterworks Fund (Continued) Financial Condition She financial condition of the Waterworks Fund on December 31, 1947 in shown in the Balance Sheet marked Exhibit J, a svmary of 'which is as follows: Assets: Gash Accounts receivable- customers Due from general Fund .Inventory of material and supplies Fixed (depreciated) Debt and acquisition expense deferred Unexpired insurance Total Assets Liabilities and Surplus: Accounts payable Salaries payable Accrued interest payable Due to General Fund Due to Wor dug Capital Fund Waterworks revenue bonds Surplus - Excess value of assets acquired over cost Assessed property contributed Earned Total Liabilities and Surplus 15, 761.04 5,3.V#63 171,10 1,365.05 278i0?4.98 2,674,14 r 2. $ 528.07 20* 00 1,992,50 1, 554.96 - 598095 150, 000.00 39,948.15 105, 239.29 3 In the aforementioned resolution authorizing the sale of bonds it is re- quired that the following accounts be maintained: Capital expenditure account Unappropriated earnings account Sinking and interest account Reserve account Surplus account The resolution also provides that the proceeds from sale of bonds shall be placed in the capital expenditure account from which the acquisition and other capital expenditures, and a transfer of 45,400.00.to the unappropriated earnings account for working capital shall be made. On December 31, 1947 there was $5 :538.24 unexpended in this fund. Q Village of Edina, Waterworks Fund Financial Condition (Continued.) DZe unappropriated earnings account was oreated,in.which to record the cash revenue and operating expenditures of the utility. A transfer of $5,000,00 from the capital expenditure account to the unappropriated earnings account provided the initial working capital. Revenue receipts were'placed :in and operating expenses were paid from this account, the cash balance on December 31, .1949 was $6,5819890, 1he sinking and interest account was established to provide funds for payment of warrants and interest. - Resolution adopted July 10, 1947 requires that there shall be credited to the sinking and interest account "quarterly on or before the first day of March, June, September and December in each year from the net revenue at least one- quarter of the amount required to pay principal and interest on the.bonds issued here- under mod. "any other obligations which shall be-made payable out of--said account during the ensuing twelve months." . • Die followrpg amounts were placed is this account: _ For interest on-$1502000,00 for period from July 1, 1947 to December.31, 1947. $ ..1,992.50 6/24 of S%000.00 of revenue warrants maturing July-12'1949 1, 25N 00 Accrued interest on revenue warrants sold 398.50 Total 3.6l,1.Q0 No expenditures were made out of this account during the year,, - leaving the balance of 63, 641, 00 on December 31, 194 ?0 A statement of charges and -collections from: July 1, 1947 to December 31,_-1947 is shown. in- Schedule 29. The control of the customers' accounts was inadequate. The Clerk was in-_ structed in the method of maintaining a control of the.customerst accounts. In accordance-with the resolution adopted. July 10,_1947 the Village agreed_ to pay not less than $300.00 per year for water services._ The following charges were made to.the Village for such service: `0 E 0 Village of Edina Waterworlm Fund Financial. Condition (Continued) Village Hall - Third quarter 1947 21.56 Fourth - quarter 1947 21.10 Parke (6 months) 25900 Streets (6 months) 25.00 Sewer Total Charges Less payment Balance due from Village $ 192.66 Resolution adopted July 10, 1947 provides for a Reserve Account to which shall be credited quarterly on the first day of March, June, Zeptembers and December in each year a31 earnings in the Operation Account in moss of the amount for current operations and the payments required to be made to the sinkLng and interest account until there shall have been credited to said reserve account an amount equal to the full principal and interest requirements of all bonds payable hereunder dutihg the ensuing twelve months. No transfer was made as provided above-.as the Council felt that the cash balance in the unappropriated earnings account wound be needed to carry on the opera- tions of the plant and no excess funds were available for such transfer. The amount of the inventories of pumping and distribution supplies, and meters as shown in the Balance Sheet, Exhibit J,are the values as furnished by the Superin- tendent of the Dater Department. The values of the fixed assets on December 31, 1947 as shown in Schedule 27 were based on cost or reproduction value less depreciation on July 1, 1947 plus sub- sequent, additions or iWrovementa . since acquisition. The total amount of depreciation for the period from duly 1, 1947 to December 31, 1947 charged to operations was $2,110.82. The expense incurred in acquiring the water plant and system was as follrn►s: II i 0 0 Village of Edina Waterworks Fund %• financial 'Conditivn (Continued) Professional services: Stinchfield, ' Mac�all, Crounse, and Moore $ 4321951 K9 Co Schmidt 1, 236930 Financing expenses Professional services, 305.78 Printing 105.60 Advertising Total This amount is to be amortised over a period of five years. The amount charged to operations for the period from July 1, 1947 to December 31, 1947 was $297905. 'the resolution dated July 10, 1947 provides that from the unappropriated earnings account there shall be paid into the General Fond of the Village an amount equivalent to the local taxes for village and school purposes on the property of the system to be used to offset such loss in taxation by the Village and School District respectively. This liability was computed as follower Estimated tax revenue:. Rate in mills Lot 30, Rock I, South Harriet Park Lot 31, Hlock 1, South Harriet- Park Part of NZ-. of S9P4, Section 18, TWP. 28, Rge. 24 Personal property Total Amount due to General Fund in lieu of taxes (6 months) . basist Independent School District Valuation Village No. 17' 32.4 61.3 $ 220.00 $ 7923 13.49 220.00 7.13 13.49 2,750.04 89010 16807 30.000.00 972.0 1.839.00 A 33_190.00 0 .: • a lids expense was apportioned to distribution and pumping cost on the following Distribution Systems Mains Tank and tower Total Distribution System Pmuping equipment Total 1.2 Valuation __.� Amount $227,787997 3.795.82 $231,583.79 86966 % $ 1,347963 35.734923 13 207733 A267.318.02 OOr00 % 1.554.91a Village of Edina Waterworks Fund Financial Condition (Continued) 1he appraised value of the fixed assets acquired was $39,948.15 in excess of the cost. In addition to the above, there was $105,239.29 of fixed assets acquired through special assessments. The earned surpluq represents the net profits fram,operation as shown in Schedule 26. operations A statement of operations of the water utility from July 1, 1947 to December 310 1947 is shown. in Schedule 26, a summary of which is as follows: Operating income 16, 612.51. Expenses: 5, pmaping 269.17 Distribution 4;462+24 Administration 1.43 Total Expenses Operating income 59442945 Other Deductions: Amortization of debt acquisition 297 :05 Interest on bonds 1.594.00 Total Other reductions 1•81s,�0 Net income Depreciation on the fixed, assets was charged to operations as follows:, _ Pumping -575.12 Distribution 11530.36 Administration - 5J2 v Total. Garbare Yod An ordinance was passed on March 24, 1947 providing for the collection of garbage and to assess the cost against the property served. A special fund was es- tablished on April 1, 1947 in 'which to record.revenue from service charges and the cost of collecting the garbage. 13 I Village of Edina Garbage Fund (Continued) Charges are billed on April 1. and October 1 In order to shove the actual income for the.year on which other city funds are operated it was necessary to adjust the total charges billed by the.amount of charges from January 1 to March 31; 1948 billed in advance: . In order to record income on.the calendar year basis without adjustment for advance charges it is recommended that the - billing dates be changed to January 1 and July 1. A statement of the operations for the period from April 1, 1947 to December 31, 1947 is shown .in Schedule 31, a summary of vhich is as follows: Revenue 7,260.57 Expense 6.742.88 Net income $ 517.69 Included in the expense shown above is an item of-300. for clerical services.payable to the General Fund. - No control of the customers accounts was maintained. It is recommended that a control be established and the individual accounts. kept in balance with the control account. Sewer Rental Fund The financial condition of the Sewer Rental -Fund on December,31, 1947 is shown in Exhibit A. A statement-of income and expense for the year ended December 311, 1947 compared with the prior year is shown in Schedule 34. Charges for sewer rental are-made semiannually ly on April 1 and October 1 in advance - -In order to show the actual operating revenue, it was necessary to adjust the charges as billed by the amount of - advance charges for the.period running into the subsequent year as shown in the statement of income and expense, Schedule -34. It is recommended that the billing period be changed to the calendar year basis. The billing would then-reflect the actual sewer rental charges in the statement of income and expense for each year without any adjustments. 1.4. Village of Edina, General Fixed Assets A smrmtary of changes in the general fixed assets during the year ended • December 31, 1947 is shown in Schedule 313. Insurance The amount and kind of insurance coverage in force on December 313 1947 is shown in Schedule 40. Official Bonds A statement of the official bonds ,for the year ended December 31, 1947 is presented in Schedule !`2. On December 313 1967 the Treasurer's cash balance was $1313183.94 and in- vestments held by him totaled $150,000.00. The Treasurer's bond is for $7,500.00. LI December 20, 1918 j — t • 15 W-4J Wd, - Me, " uW 11 Z / .6 0 ,TRIAGE or MINA Oraanilation Year Ended December 31, 1947 Village Councils Term Expires December 31 C. J. Christopher President 1947 Harold C. Utley Trustee 1947 *Echmmd L. Zonne Trustee George A. Willson Trustee 1949 **Fred S. Child Trtwtee 1949 Bever Hawthorne Clerk 1948 J. J. Duggan Treasurer 1947 Alex Creighton Assessor 1948 Phil We Smith Engineer, Executive Officer, and wager 1947 Gretchen I. Schussler Deputy Clerk and Deputy Treasurer 1947 Resigned April 28, 1947 Appointed April 28, 1947 V3 VILLAGE OF EDINA Ass Cashs With treasurer, •- Exhibit C 131,183 :94 39,635:89 ► 5,585.01 52,433:42 . 10,677.58 3,441„83 ; 15,761.04 3,169.44 ' 7,363.33 Imprest 100 :00 100 :00 With Clerk of Municipal Court - Schedule 39 8 :00 Zoo Investments — Schedule 1 150; 000:00 20, 000.00 6t000.00 28, 000.00 90, 000e Oo 6, 000.00 Accounts receivable, 5,839.73 :50127.63 470045 241.65 Taxes Receivables Current. - 731:70 415.30 316.40 Delinquent 5; 226.18 4o985.72 159.21 76.30 4995 Deferred 215iO550-00 215,055.00 Inventory of material and supplies. 1,365.05 1,365,05 Special Assessments Receivatles Current — Schedules 9' and 16 : 90,691 :63 75,358 :43 156333:20' Delinquent — Schedules. 9 and 16 %W46 8;176:34 1; 691:52 ' D of erred - Schedules to and 17 379, 890.92 288 ,165.64 91, 725.28 Due froms . General Fund 24t96%79 39718.37 212180:32 ✓. 71.10 Joint Sewer District No. 1 Fund 808 :12 803077,- 4:35 Permanent Improvement Revolving Fund 24, 711 :60 23,,465 :52 10. 1, 216 :08 r Sewer Rental, Fund 550;65 300 :00 150 :63' 100.00 Waterworks Fund 2,15391✓ 1,554.96 598.95' Sewer District No, 18 Fund Water Main Improvement No. 775 :86 / 71%86 7 and No. .8 Fund 74:27- 74.27 Working Capital Fund Up 690 :28 116690.28 Special Assessment Funds 1,401.06 1,401:06. Garbage Fund 30N00 300.00 ✓ Construction in progress .310, 685.01 not 665 :O1 :Amount to be provided from future assessments for Village of Edina share of cost of Minneapolis. Saint Paul sanitary district sewage disposed plant 376911 :29 37,921.29 Fixed Assets Debt and acquisition expense — deferred 398,322 931 24,6740'14 278;074:98 2, 674:14. 810.87 x.119,436.46 Unexpired insurance 259.38 259036 Total Assets- 91.607.247.68 1 103_G61.G3 A 11_7AL_29 L-9n_9u_1a SnQ_7' A- ho a l0 r7nc!_so A 1. AKK_10 11 ►7911 en JL Funds Permanent Special... Improvement Ut33.itX Funds General Asseaeffient Revolving Working Waterworks Seger Fixed Assets: Total Qerieral Poor Exhibit D Exhibit ,H Caritas Exhibit J Qarbaa;e. Rental 8ehq!ule 38 Liabilities. Reserves, and Surplus Encumbrances Schedule 4 1,223.75 ISO 223e75 Accounts payablea: Independent School District Toe 17 10017:28 1,017.28 Edina Firemen's Relief Association' 430.46 430.46 Municipal Court -fines due -to County and State - Scheduler 39 60.00 60.00 Other :. 4, 589.59 3o2e38 9 673.08 , $ 54807 . ►` 814.12 ' 2,252.24 Contracts payable; := Retained, percentage on cc�l eted constructions ?0,328:78 379.24 547.E . 19A(4*94 Uncompleted construction 84,950:71 $4,950.71 Accrued interest payable 1,992.50 1,992.50 Sewer and grater main :connect$on,- deposits 2,034.56 2,434.56 . ' Due to: Qeneiml Fund 38,73 1,401.06 23,485.52 $ 11,690.28 19554.96 300.00 300.00 Permanent Improvement Revolving. Fund 4,568e50 3,7:18.37 850.13. ' Working capital F=d 23,150035 21,180.32 4.35 1,216.08 598.95 15oe65 Waterworks Fund 171,10 71.10 10©.00 Seger District Floe 18 ivnd 80),,77 : 803977 Sewer District Hoe 33 Fund 10000 10,00 Canceled assessments refundable 4183.31 3 183.31` i interest pile in 1948 — Schedule 33 10;46600 10;466:50 Bonds payable in 3,948 —Schedule 11. 51$000000 51�000*00 Honda payable — 'deferred — .Schedules 33, 22, and 30 633,850,00 303,850+0 _ 2800-000000 1500004.00 City of Minneapolis for Village of Tdina shave of cost of Binneapolie-Saint Paul Sanitary District sewage disposal plant — Schedule 14t Provided for in assessments receivable 5,490.33 5,490.33 To be provided for 37,911.29 37,911.29 Reeerves3 . uaprest cash 3.00.00 3.00e001 ; Parr purposes 91e08 91008 Unrealized revenue 5,144.93- 4,985e72 , � . 1.59.21 Unearned revenue 4,317:61 2,423938 12894.23 . Advances to Permanent lmproeement Revolving Fund. 23,485.52 23A85.52 Advances to Working Capital FurAl 11 11,6w.28 Contingences ,,690.28 11,092,14 11,092.14 Taxes receivable — deferred 280i000e00 180 004:04 Unconectible taxes 110405.00 72*405.00 . Future interest 23,650.00 23,650.00 Surplus: Operating 245445.68 77,724.64 1,817.06: 8,018.24 31,S,i3$e84. 517069 9,229.21 Unappropriated 46,673.38 35,028031 11,585.07 Invested in fixed assets 120.247033 810 8T 8 0, 3/t, 6*9 Total Iiabilitiess Reserves, and Surplus .: X1:.607.24798 i 30 0"12Aa n.744a 3 490.935.19 _539.7.36.OQ . 19 a708a52 Ls05�542 6 .7 7.20 8 119.436.46 0 0 0 VILLAGE OF EDINA Taxable Valuations,, ME Levies, and Rates Taxable Valuations Real Perponal, Zbtals Tax Levies Mended by Auditor Fxtended in Collectible in Revenue Poor Firemen's relief totals Ta Rates_ by Mine Revenue Poor Firemen ' s relief Totals 19 ' � t• t s t 1946 1947 1947 1948 108,551.55 $ 149,255.00 3,923.55 435.95 462.09 $ 112.911:05 $ 149.71'i.09 24.9 32.3 .9 .1 .1 ;�•sr s _is 0 0 pItTAGE OF TDINA Schedule 1 Statement of InvesL2n is M Year Ended December 31, 1947 •- $dance Balance Jan. 1.194.7 Purchases Sales Dec. 31.1947 General and Poor Pund$s Genera. 202000.0D 20, 000.00 $ . 20' 000.00 $ 203, 000.00 Poor 6.000,00 6000,00 , 6.000.00 6 Total General and Poor Funds $ 26.000.00. 26..000.00 . � 26,QM00 $ 26.000.00 Special Assessment Funds; Joint Sewer District loo. 1 ffi 11, 000.00 11, 000.00 11, 000.00 11, 000.00 Sewer District ado. 8 2, 000.00 2i000600 2s000,00 2f 000* 00 Sewer District NSA. 9 5, 000.00 50,000900 5a000900 50000.00 Sewer District No. 13 2i000.00 2s 000.00 20 000.00 22000e00 Sewer District go. 15 3, 000.00 3, 000.00 3s 000* 00 3 }000.00 Water Main Improvement No. 1 00 5.0.00 5„000.00 5.O00.00 5.QW&00 Total Special Assessment Funds 282000.00 28, 000.00 �, 28.000.00 $ 28 00 Sewer Rental 6.000.00 6j00QO0 6.000.00 8 6.000200_ Permanent Improvement Revolving Fund , 90.000. 00 90, 000.00 Totals All Funds ykvavtiJ U-500000%00 60 0 _ jjjQaQ&R2 Ok M' 00, General and Poor FMS: General Poor Total General and Poor Funds- Special Assessment Funds: Server Districts. No. 3 5 6 7 8 12 13 15 16 I8 t 19' 20 Water Main Improvements — No. 1 2 3 4 5. 7 and No. 8 9` 10 Street Improvement Noel Joint Sewer District loo. l gbtal Special Assessment Funds Permanent Improvement Revolving Fund Working Capital Fund Utility Funds-: VILLAGE OF EDINA SS3Ma of Receipts, asbursement ®: and Balances •• Year Ended December 31, 1947 Balance 150 ;000:00 150,000:00 139,461.76 i 5,000600 Balance Jane li 1947 Receipts Transfers Total Disbursements Transfers. Dec. 31. 19 7 Sinking and interest account 398.50 3.2,2.50 3.641.00 -. 490-641'08 164#377018 64, 889.11 278, 90737 $` 183; 415.18` 55, 856.30 - 39; 635:89 4.009 :71 10,243.42 Garbage Fug = 14.252 :11 9.668.06 - S 8,801.50 5.585.07 Seater Rental Fund 2.825.56 :.6 53.650.79 . 174.620.60 .: S ,64.889.11 ` 293.160.50. 192 083.?4 55.856.30 42,:M96 ffi � 21. 75.20. 178 25 .29 1.012.955. 0 . � - 703 516.67 6_2=25 5.29 $ 1,170 :.04 1;826,52 . - 2 ;996!.56 - 526,63 # 22469093 `514 704059 4462:66 51.35 20218-60 1,9654-88 � 51.35 :37 475.59 1,499:26 1,974:85 75.E 1, 899:85 556:98 : 345:57 902 :55 902 :55 ... 468. 28 x, 613 :80 3, 082:08 . 139.50 2; 942.58 4;644" 1%902:04 18; 544 :48 12 ;036;81 6; 5(Y7 67 2,757 :68 8 ;768 :55 11,526,23 10 ;382 :17 IiIX06 867 :80 2 ;948:12 - 30091. 4;116:83 2,419 :86 300 :91 1;396:06 4; 045:18 10, 882: 56 29774X8 17,201.82 12s431.94 2; 274:08 2; 495:80 7;781 :24 10 ;153 :59 2, 612.45 20, 547.28 13 ;483:84 2, 612.45 4;450.99 5, 657.74. 1 ;323 :98 6" 981 :72 5, 096.6b - 1, 885.E36 5; 009 :07 7;772:19 - 5 009 :07 7772:19 448`24 5;x:07 5,956:19 1x36'1 :76 7,522.66 7,522.66 1,156.23' 5 ;925:26 441.17 1 :679:66 8, 210 �i4 42d. Ca 10j310,11 7, 22'1:30. 420901 ., 2 668.80 1; 054:17 40 977 :98 574:52 1; 340.16 1; 628 :.69 6; 318 14 573:24 .5; 061 «94 1 ;055:45` 1 256.20 7; 652.67 2- _222:62 9i875'29 7; 089 :32 2j7650'97 6s730,09 5 ;190:76 lh 920 :85. 6j37608 5; 544.07 17; 020:18 17; 020 :18 9, 655 :31 5; 536:15 1;828.72. 6;793 :35. - 6,793 :35 341:24: 5,056.92 1,395.19 4, 533 :85 4i5339-85 184:63' 3; 608 :82 740.40 18.797.68 18 ;797:68 .149 :88 18.0174,97 472:83 5,626193 25.030.38_ 30.657.31 24.389.37. 6,267994 .__ . 56.849.06 = 165.744.53 6 5.658.80 : � 228, 252.37 _:S 120 89, 2177 54.926.18 .. � 52_ S 196.093056 87.774.60 .. � 283.868.16 , 9 2};2.960.27 .6 59.230,E � 10.677.58 63.33: 11.6,20.28 11.753 :61 . 15,195.44. 4 3.441.83 Waterworks Fug Capital expenditure account 150 ;000:00 150,000:00 139,461.76 i 5,000600 $ 5,53 .24 Unappropriated earnings account 12, 065:80, $' 52-00040 17, 065,80 7, 241.50 3, 242.50 6; 581.80 Sinking and interest account 398.50 3.2,2.50 3.641.00 -. 3�641�00 Total Waterworks Fund 4 162,464030 . � 8.242.50 4 170.706.80 S- 146.703.26 .9 8.242.50 �, 15.761.04 Garbage Fug = 8.801.50 - S 8,801.50 5.632.06; Seater Rental Fund 2.825.56 -1 13..587.40. .16.412.96, .9.049.63 7.363.33 Totals -- All Fiends � 113.325.41 ffi � 21. 75.20. 178 25 .29 1.012.955. 0 . � - 703 516.67 6_2=25 5.29 . Total — All Rinds to Exhibit A : 131.183.94 8 0 VILIAGE OF EDINA Schedule 2 Gene,,, ral,_and Poor Funds Classification of Rece,'irtt - r. Years Ended December 31, 1947 and 1946 and Comparison e Fear Ended December Increase 1947 -19 _ Decrease — General Fug Revenue Receipts Taxes General property ew t Delinquent Forfeited tax.sales. Money and credite mortgage registrar Gross earnings Interest. and penalties: Dotal taxes , Special assessments - .collected by County Licenses and permits.- Plumbing Buildifig Bicycle Liquor Bew . Pinball machines Theatre, Bowling Cigarette Taxicab Total licenses 'and permits. Other 're-venue receipts :w .. Municipal Court fine Village County state Rent of land - Rent of house Rent of equipment Service charges •-i Election filing fees Engineering and clerical services Street repair _after local improvement construction Water-main connection deposits applied ' on cost of water main connections Grading Warren Avenue ,Repair, of drivemy Repair of water main X2 Ae 0105,:091.08 $ 96; 575.32 10932974 4,294094+ 362.90 _ 6.00 3000 1,704.07 1, 221,.42 377003 419.86" 524.81-- 86 S1 .998.63 X103+ 356.38 $ 60.6129 25 t 5.14' 26 5,147026 2, 2580.50 S`., lj82600 2,951.50_ 2,372.80• 188,50 30423 350900 350.00 3 00.00 28,0000 2500'00 25000 75.00 75..00 I60.O0 181.66 285.00 93.33 247.00 70,a 6.911.8 , 9 5.958.71 953.12 3,410.00 2,387.00 18600 2000 42.00 20.00 300.00 295.00 106900 242.55 8.00 6.00 7,-406903+ 6,181.67 .10,009.98 78.60 250.00 23.900 "15.50 0 11 0 VILLAGE OF EDINA Schedule 2 General and . Po r Funds Receipts Continued general Fund Revenue Receipts: Other revenue receipts - (Continued) Premium on investments sold Interest on investments Sale of water pipe Sale of sewer till Sale of material Sale of four catch basins Canceled check Conbr9.bution for park purpose Sale of fixed assets •- CaterpiUar tractor Not 22 Four police revolvers Refund& - Police uniforms. Salary Damages to guard rails at bridge Gasoline tax Insurance Village employees - For Public Employees Retirement Association entrance fees (contra disburse- men ) Total other revenue receipts Total Revenue Receipts - Schedule 5 Other Receipts: Sale of investments Street repair after local improvement construction (contra disbursements) Water main and sewer connection deposits Firemen's Relief Association .. General property taxes - 2% State insurance premiums tax Premium and accrued interest on invest- ments purchased in prior years Repayment of loans and construction costs from special assessment funds Total Other Receipts Total. general Fund Receipts to Exhibit C P..Fu .. Revenue Receipts Taxes . General property - Current Delinquent Total taxes 23 Year Ended December n Increase 1199477 1 'Decreaee 469967 243.16 26,705.41 3,163.03 7.00 15%91 4.69 20 000. 00 20800,00 85.00 281.37 7.20 25.00 900600 28.12 100,11 b3, 70Z. 22 19.064.56 LVA.548.12 $158.194.57 616.6.6.45 $ 19,987,50 t 100000060 1,469.24 430.46 941,86 3001634 565.32 349964 749437 381,42 6 22,8*106 $.122,,125,78 1 99.766.72 # 3098989 3,525.50 60.76 9307 9 3.859.65 _3.619.07 240.58 E 0 VILLAGE OF EDINA 24 Schedule 2 General and Poor Funds Reeef.ata Gontinued Year Ended December 31 Increase 1947 1946 Decrease Poor BM Revenue Receipts: (Continued) Other revenue receipts .- State aid - direct relief $ 246.62 $ 162948 Interest on investments 13715 37:92 Total other revenue receipts # 30.77 8 2O0:4A 183.37 Total. Revenue .Receipts S 4.243.4E 3, Sl 9*47 422.95 Other Receipts: Sale of investments $ 62000.00 $ 60000.00 Premium on investments sold $ 9807 9847, Tb"tal Other Receipts # 6.000.00 $ 98,97 $ 5.901.13 Total Poor Fund Receipts to Exhibit C S-36932-13A 24 ..0 0 n VILLAGE OF EDIT Schedule 3- General and Poor Funds Classification of Disbursements Years Ended December 31, 1947 and 1946 and Comparison Year Ended December 31 Increase 194_?_ 1946 Decrease General Fund current Expenses General goverment Salaries •- President and Trustees" Publishing Travel Elections Finance. , Clerk Salary Clerical salaries Stationery and supplies Premium on.bond Treasurer Salary Premium on bond Assessor Salary Salary — deputy assessor Travel - expense Stationery and supplies Las and judicial Municipal Gourt •� Salary of Municipal Judge Salary of Special Judge Salary of Clerk Witness, few Ebard of prisoners. Supplies Salary-of -of Village Attorney Other legal fees Audit Village Engineer . Salary of engineer Salary of other engineers Car expense - Stationery and supplies Labor Village hall Janitor services Supplies and expense Ught and eater Telephone Building repair .Fuel Insurance Dues Planning Commission, expense 25 1 860;00 �' 1 860 t00 20498 141e00 .29'75- 287.08 851.55 600,00 600;00 6,.654 +85 5,721:39 10217a68 829168 17.50. 17950 "360:0_ '56N 00 -75.00 75900 900*OD 650.00 = 1,732.50 22250.00 345.45 . 123.00 1430 75 9000,00 900:00 50.00 30.00 242.71 230 *00 1085 39000 61000 19002 3.00 900.00 900.00 526.39 1,058.55 423.50 60 Ofi7.44- 4s,999092, 8,445.84 490,98 646.30 241900 293.00. 360.15 155.37 150.60 5708 110,55 418.78 331.48 408.44 397.60 343.67 274.34 175.12 13.40 129.0 700 00 20751.43 1,925.25 0 0 VTLUGE OF EGINA Genera3: �md Currant tpense: General government - (Continued) Waterworks suit •. Legal, services Engineering seroicee Thtal general- government Publics safety Police protection �. Salaries Police -,car expense supplies Radio: service. Traffic signal maintenance Ambulance. and other services, Police uniforms Telephone Dues Total police protection Fire protection - Salaries Equipment expense Payments`.to other units for fire. services Insurance Bond - Ci-ty of Minneapolis -Power - fire siren Total fire protection Inspection services Salaries, Building inspector Plumbing inspector Supplies and. other expense=, House numbering Total inspection services- Total. public safety Highways Village share of street oiling village share of 50th Street'wi.decing Salary ._: of street commissioner Street signs Equipment rental Materials and supp7iew. Maintenance of equipment 26 Sche ule, Geiser —Al - and Poor- Disbursements Continued) Year Ended December Increase 1947 _...,..1 De crease 1,250000 125.0. 0 29422010 ., , 25sne 02 14,222,08 14,946.17 0 13,023.15 1,972.8E - - 478959 1300'61 .448.27 -39,4M 35019 16943 30.75 40.45 3.72 y IWO 6 15,222AA 8 151690.37 0 i,610 z 6 1,:W45 142,40 90.61, 2,103980 12023. 120010 123925 15..0Q a 4 55 2,49731 1,368.47 791.52 1,368,51 78%n' ..28(3919 974y9_0 169946 $ 3,9920-7- 9 1.7 4 23,22106 4. 19.937.97, 4,053.79 221e,26 0 2;930., 62 2,706; 58 33, &A.* 47 71, 091.29 8(X1.63 1,.495 *73 10693. *66 9,43-3.07 9, 287.27 6, 271.80 0 0 VZ'LT,kGE OF 'ED11IA Schedule 3 General and Poor Funds Disbursements- (Continued) Sanitation and waste removal �► Sewers Salaries Supplies and expense Refuse collection and disposal Care and disposal of dogs Teed eradication - Labor Rent of mower Weed extermination-chemicals Publishing Gasoline and oil 3btal sanitation and waste remval Conservation of health - Salary of Health Officer Supplies lbtal conservation of health ` Recreation Parka General - Labor Trees and shrubs Supplies and expense ;27 773.20 $ - 934.28 367:52 412:00 20736.99 70148.39 ir-1—,85 564.36 15802 144,00 154.85 13.20 15.94 6, 4.90491 $ 8.653*59 3, 751 ,t6(; 360900 36000 1:05 # 360.00 $ 361.05 1.05 S 1, 733. '98 S 1, 574.08 -27:55 193.35 114:34 Year En d d December _ Increase 1947 Decxe General Fund Current Expense: Highways - (Continued) 7bol house operation and maintenance 2,726.03 Insurance 580.86 Snow, ice removal, and sanding .. Labor 3,517.75 2,395.39 Equipment rental - - 18408 Materials and supplies 713.14 322.05 Street lighting 80252911 7,537934 Publishing 16.9p I-lack topping-- - France Avenue 54th to 58th 3,413916 Wooddal-6 Avenue 50th to 56th 3,45600 Road easement 2.55 Curb and gutter corner 52nd and Gorgas 40:43 Sidewalk repair -► 4509 Arden 5000 City of Minneapolis - scarifying, grading, and oiling - Xerxes Avenue 54th to 60th Streets 237 10 Concrete work •- 54th and France street car tracks 220:,7 Total highways 48 45. W. 28 23,924oO9 Sanitation and waste removal �► Sewers Salaries Supplies and expense Refuse collection and disposal Care and disposal of dogs Teed eradication - Labor Rent of mower Weed extermination-chemicals Publishing Gasoline and oil 3btal sanitation and waste remval Conservation of health - Salary of Health Officer Supplies lbtal conservation of health ` Recreation Parka General - Labor Trees and shrubs Supplies and expense ;27 773.20 $ - 934.28 367:52 412:00 20736.99 70148.39 ir-1—,85 564.36 15802 144,00 154.85 13.20 15.94 6, 4.90491 $ 8.653*59 3, 751 ,t6(; 360900 36000 1:05 # 360.00 $ 361.05 1.05 S 1, 733. '98 S 1, 574.08 -27:55 193.35 114:34 11 VILLAGE_ OF EDINA Schedule 1 General d - Poor Ftii Disbursements (Continued) Year Ended December Increase 1947 Decrease General 'Fund Current Expenses Recreation Parke �. General — (Continued) wee trimming,". labor. 1260%80 83936. Supplies and expense J Light and A�er. Appraisal of Lampman property 165,00 �_ Total general 331,78►' 1�979e33; Williams Memorial Park Labor : S 56.W Shrabs and upk_ of grounds 2,098*68 Water connection 54:24, Total Williams Memorial Park � 2208e92 50th ,Street -Memorial Park Labor 894964 Improving grounds 23400 Sidewalks curbs grading and .} widening Wooddale Avenue near- 50th Street bridge - - 750. Total 50th Street Memorial Pakk �` 1.879.50 -Total parka 8.020*- 20 '1.979.33_ . Skating Rinks -• Labor 10 294.8? 7" 68 Tabor attendants li 237.17 1, 039.55 Supplies and expense 4,0 25073 Light and poser 88937 Water main extension for new rink 672.80 Total skating rinks 3.297,29 1.8Q1.96 Total Recreation 11 7.49 ?fn. 29- 71528.20 Unallocated Expense worknen's compensation ipsuranee 1*001.18 702.49 Refunds — Weed eradication assessments paid 15000 50000 'later permits 9000 27*00 j interest and penalties 2.67 Miscellaneous 1.50 Cigarette 12900 Membership fee Public Employees Retirement Pad 10000 . " I U66 0 0 0 9 VILLAGE OF EDINA General EgIA Current Expense: Unallocated Expense — (Continued) Damage claim Labor Supplies; Repair of house Labor Material Total unallocated expense Reimbursable expenditures Police uniforms Village employees — Public Employees Retirement Association entrance feeef Four catch basins Municipal Court fine Pipe and fittings for guard rails Telephone Labor Accrued interest on investments purchased Schedule le 3 General and Poor Funds Disbursements (Continued) Year Ended December 31 increase im 19t�,,6 Decrease 1250;00 272„81 54.53 86009 139.27. 1,724o88 753. k 260,00 152.00 20.OD 29000 045 101.12 52.1.E 941.22 Total reimbursable expenditures 893.69 893, ,69 Total Current 'Expense $130.925.20 $104,124 . S 26 Capital Outlay: Village hail •- oil conversion unit for furnace Hot water heater and installatl:dn Firs extinguishers Electric clock for police department Office equipment . Check protector L. Co Smith typewriter Underwood typewriter Two linoleum desk tope Flat top desk Two drawer file Four drawer file Stenographer chair Typewriter table Five fluorescent lamps Engineer +s leveling rod Drafting table top Mineograph machine Total Vi11age hall 2.9 420.00 149.43. 47.50 5075 87050 84.48 166892 104.78 27000 111020 84.75 55.25 64.50 62950 270 60 14050 \ 130027 26.50 _. 21190 98e5© 1.445.28 350.53 -0 0 VILLAGE OF EDIBA General Fund Capital Outlay: (Continued) Police protection 1946 Ford tudor 1947 Plymouth automobile Siren for automobile Total police protection Schedule 3 General and Poor.FwAn Disbursemente_Continued) Year ed.D�ber 31 Increase 1947 1946 Dbarease 1,393.23 1,083:40 - 4a.0o 1,123-1.40 1,393,E Fire protection •. a Fire hose - 1, OOO ft. l� lj, 420100 0 VILLAGE OF EDIBA General Fund Capital Outlay: (Continued) Police protection 1946 Ford tudor 1947 Plymouth automobile Siren for automobile Total police protection Schedule 3 General and Poor.FwAn Disbursemente_Continued) Year ed.D�ber 31 Increase 1947 1946 Dbarease 1,393.23 1,083:40 - 4a.0o 1,123-1.40 1,393,E Fire protection •. Fire hose - 1, OOO ft. l� lj, 420100 Fire hose .• 600 ft. 612200 Total fire protection 6 2.032.00 Protective inspection �• 1947 Ford pickup track S' 1,129.90 - Heater for truck 3700 Total protective inspection $ 1.167.40 Highway Sand spreader 469050 19a - ton, Ford pickup 408%45 1946 - ton Ford pickup 10060.45 Fogineerss level 255.00 Power scythe = -181.30 Balance on road patrol 5000 Shoveloader - Model 4C 2s372900' Industrial - tractor - Model UTS 2,630000 Diamond T -trunk - 2 to 4 ton Model 509H_ 4, 229.38 Thro 17" hand mower 71.50 Tar heater Labor 27049 Material 7410 Street sweeper .. Labor 43.15 Wire and other material 94992 Weed sprayer t- No. 16 Simer" - Cost 1090,89 Material. _.•$� Labor 1043 Labor- stand for 15B shovel X12963' Total highway 9, 691s 3.0_ 53.70 Park.. :.. Land 50th and Wooddale 2=,02.00' 3.999.00 Total Capital Outlay S- 17,"13 8.796 0 -. 4 8.687.67 Total to Schedule 5 (148240903 6112.92102 35.488EA. ao r D VILLAGE OF ENNA General Fund (Continued) Other Disbursements: Payment of encumbrances for prior years Current expense Caterpillar Diesel Motor, grader No* 12 Transit for engineering department Fire'truck' Valuation of water system by.board of appraisers -s Engineering, Legal • .. _ Total payment of encumbrances for -prior, years-. Schedule .3 General -and Poor Funds ..: Disburseeaerits C©ntinued) Yeas.. -Ended December, Increase_ 1347. 194 Door -M 574.44 8s,'03100 0 _52500 112.16U 50 1, 650,70 277.15 6"13,714 35 t 8,905.44 Labor •• street repair after construction 3004.34 Advances for construction of local improvements 69, OT70" Loans to Special Assessment Funds 75,7210-6 Edina Firements, Relief - Association State tw6 per cent insurance premiums tax. 941.86 .749.37 General property taxes 349464 Purchase of investments , 20, 000.00 Mater pipe purchased' 23; 643.23- Dater main connections 78j Total Other Disbursements 35.005.85 9181.179::58 9146.1 Total General Fund Disc bz rsemeonts to Exhibit G A o0 0 finq2§8202a Poor Fund Current Expenses Charities .• Direct . relief Institutional care `lhtal Current Expense 2, 543.39 1,410.94 11 . O 2.659, g9 1.547 1,33.95 Other'Disbursementss Purchase of investments " 60 OOCOO" 1, OOO. f1Q Premium and accrued interest on investments purchased $.17 _ x 20 Total Other Disbursements 6.008217 6 1.051,20 ' 4.956a92 Total Poor Fund Die- burseanents to-Exhibit C g 68 06 0 -., 31 L] 0 VILLAGE OF EDIN Schedule 4 Statement of Encumbrances Year Ended December 31, 1947 32 Balance AdJustments Balance Jan. 1.1 47 Additions Debit Credit Pffnentw Dec. 31.1947 Snowplow $ 245e00 $ 21+5.00 Transit for engineering department 51500 $ 10000 $ 525•00 Fire track 11s340s00 11.161,50 $ 178.50 Waterworks: Survey — Re Schmidt 12650970 1,650.70 Legal *- He To Hagestad 377.15 .377 *15 Snow fence $ 515925 _ 515.25 Office safe 53C600, 530.00 Totals 1 8 ' 2 10.00 &J5.00 .7IL Total to Eichibit 4„ 1- 32 11 C E i i VILLAGE OF .MINA Schedule 5 General Find, Analysis of Changes in §urplue Year Ended December 31, 1947 w Revenue: Additions Cash receipts Schedule 2. $ 141, 548412 Other _. Municipal Court fines' unremitted on December 31, 19470. Schedule 39 8.00 Transfer from Reserve for Park purposes amount donated in 1946 for general Park purposes in 1947 - 2'500,00 Due from Waterworks Fund amount equivalent to offset loss in .taxes for period- Julys 1, 1947 to December 310 1947 537.66 Clerical services for year 1947. - Due from Sewer Rental Find 300,00 Due from Garbage Fund 300 *00 Engineering and clerical services due_ from Special Assessment Funds 1.401:06 Total Revenue Additions 146, 594.86 Deductions Transfer to, reserve, for park purposes donation for upkeep of Williams Memorial Park included in cash receipts above Loss on -sale of °investments Municipal.Court fines due State and Comity included.in cash receipts above Total Revenue Deductions Total Revenue for Year 1947 22000000, 12.50 $0.00 2.07250 9 31,4, 522.36 Expenditures: Additions - Cash disbursements - Schedule 3 Other Water services duly 1 to December.31, 1947 Due to Working Capital Fund_for equipment rental services ^ -year 1947 Street maintenance: and repairs transferred from Permanent Improvement Revolving FLmd Contracts payable - retwined percentage for blacktoppIng France avenue from 54th to 57th - streets Balance of Village share of cost of black- topping on.Wooddale Avenue from W. 50th to W. 56th streets Encumbrances December 31, 1947 - Schedule 4 $ 1,223.75 Less unpaid encumbrances for prior year 178 *50 Additions to encumbrances December 31, 1947 t-. Schedule 4 Total Expenditure Additions 33 g 1481,409.33 71.10 21,.180.32 1,481.13 379.24 768.00 1.045! 25 173,334.37 VILLAGE OF MINA Schedule-5 General Fund Changes in Surplus, (Continued) Expenditures: (Continued) Deductions,. Transfer to reserve for park purposes cost of maintaining Williams Memorial Park during ;year 1 47 included in cash disbursements above 2., 208:92 Highway -labor transferred to Permanent improvement Revolving ,;ftnd lO Total. 'Ebtpendi tare. Deductions, 2.3,,, 15 a Net Erpsndi tares for Year 1947 . 171. CA.9.16 Revenue Under, Expenditures .for year 1947, = &96 Other Additions Transfer f rim reserve for advances' -to . Permanent Improvement Revolving, Fund amount of repayments during year 1947 $ 59, 230431 Encumbrances for prior .year- adjusted- or canceled — Schedule, A-: 235,00 3btatl Other Additions, " '59.465..33 Revenue Over Expenditures and Other Additions 32.968.51 Other Deductions Advancew:.to Permafnent ImproVement Revolving Fund during. year 1947. $ . 38, 613.51 Advances .to Working - Capital Fund during year 1947 112690x28 - Tota Other 'DeduationB Net decrease in surplus during -year 1947 = 179335e218.. Surplus Januaz7 1s 194? _, 52.363.59 Surplus December �31, 1947- Exbibit A. • l 34 0 0 VI GE OF EDINA Special Assessment Funds MBIT D ..Combined Salance'Sheet December 31 1947 -- . Sewer Water Main . Street Districts Improvements Improvement Total Fabibit E Exhibit F N'o! 1 Assets Cash with Treasurer - `Exhi.bi t . G . 52;.433.42 ` 34, 685.79 t 17, 274.80 $ T472.83 Investments -- Schedule 1 28, 060.00 23, 000.00 5 :000:00 ' Taxes receivable :76.30 6303 12.97 Special Assessments Receivable: Delinquent Schedule 9 8,176,3 7,411.24 765010 Current .: Schedule 9 - 75, 358.43= 57, 684.67 15, 409.51 2,264.25 Deferred _,Schedule 10 2880165,64. 198,628.77 739.858.35 15 *678s,52 Due fromi Permanent Improvement_ Revolving Find 1000-- ':1000 Joint Sewer District No. -1 Fund. 803.77 803.77 Amount to be provided fr m future assessments for village of Edina share of cost of Minneapolis -Saint Pant Sanitary District sewage disposal plait . Schedule 14 37.911.29 „37.911229 Total Assets.. 90 93519 0 886 1 20 ; ; i Ua]Ali,ia and Surplus, Accounts payable - Peder .Mi.ckelsen 342.38 $ 302.38 Contracts a ble - retained ercea P YS p tie � 547• bti 547.60 Canceled assessments refundable 1,183.14 1,183.14 Due to:: General Fund 1 *401,06 . 326.79 10009.52 64.75 Working Capital Fund Z35 4.35 Sewer District Not 18 Fund 803077: 803977 Permanent Improvement Revolving Fund 85043 775. 86 74927 ' Interest payable. in 1948 " Schedule 13 10,466.50 8, 586.25 1, 502.25. 378.06 Bbnds payable in 1948 , Schedule 23, 510 000.00 412 000.00 103,00000- _ Bonds payable — deferred — Schedule 13 3039850$00 204,000000. 81,850.00 18,- 000.00 City of Minneapolis for village of FAina share of cost of Minneapolis—Saint Paul Sanitary District sewage disposal. plant - Schedule 14: . Provided for in Assessments Receivable. 5,490033 5- 490*33 To be provided for 37,911.29 37,911.29 2'7.15 Surplus X7„124.64 60.117.08 17.034.73,- Total Liabilities. and Surplus 1 0 . 9 60 8 g& Sn2j2Q& I 18 l 35 Reset . Cash with Treasurer Investments — Schedule l Towel receivable Special Assessnonts Reee vablat Delinquent - schedule 9 Current -• S.cheiule 9 Deferred Schedule 10 Due from Permanent Improvement Rwmlv#g Fund Due fr mt Joint Soarer- District No. 1 Fund' Amount to be provided from future. assessments for Village 'of_ Edina share of cost of Minnespoli"aint.Paul.Ssn tart' District sewage: disposal plant Schedule 24 Total. Assets UAW 3 1 and LuMblu Canceled assessments refundable Due to: Gweral Fund for engineering and clerical services Working Capital F=d Sever District No* 38 Fund Permanent- IWrovement Revolving Fwd Interest; =payable'ia 1948 - Schedule U -. Bonds - payable . ibn 1948: _- Schedule 13 Bonds: pe*ab3A. deferred "P. Schedule. 13 Cit�r ofianeapo7.is for Village -of Edina shy of cost o.f eapoli"aint Paul Sanitary District sewage disposal. plant- — S.chedule 149 Provided for in assessments receivable To be provided for Total liabilities and Surplus Joint Sever Totals to District Exhibit D Not I. a� ..�. o..e._4 ..._ Nook Not _ Nos'?. $ 34,68509 lt 6,267.94 6 2*469.95 23,000.00 31SOD0400 63.33 7,411.24 1,988.33 25.47 57-684,67 23;397607 198,628.77 ;2,605.34 10,00 803.77 514437 1,89945+ 902.55 : ,$ 2;942958 161,46 57«44 9917 15749 1,487.77 1,388*59 334.92 2,525011 2,41.4.54 5U *40 4,305.74 1s�3•14 - 326.79 4.35 $ 4.35 803977' 803.77 - 775.86 8- 586.25, 468#75 $ 75.00 75.00 $ 137.50 410000.00 8- 500-00 10500000 1- 000.00 1,5tlO.t 204000,00 9,000,00 2,000.00 4,000000 5-9490*33, ";Q 60,11740 - :i, °fir Q e.b •.: 0 ..:f!ti !.. p O& •9 • a • ° °j% 'Vi .425 _ @ ;:. `s eiQ A r'.! 1. i. M !,, 91:61 No: 8 N002 12a 2-2 NO* `:._ Nog 26 s..lai . ..ma a _. _ Hoe 20 6,507.67 19l",*06 -S 1,396096 ►: 2- 5 *W- 4,450*99-- 8 10885.06: .0 19367 *76 - �. 441*17. ;2 ;000.00 5'000,00 2,O000 W 3,000.E 63.33 T,983.27 4278: . 341:0 ,9974a -308.88 - -102.39' - 9,173.82 3,809,66 3,092.05 9,556075_ 8,'762.66 1,623.47 9 678.43- 855400- 999.3'7- - 23,057.52. ]0,205.97` 17,878,66- .- 52*428 *51' 48,350.31 9918loX 5,172.93 5#5"e% 6,900.57' IAA 803.77 as=la 1 S 2s=mm A-.6.655&13 .792.66 64.872.84 &. Ogg %U A 22=708.25 A 2 .501.10 A. A& &V2&9 2 867.36 - 315.78 - 3260,79 : 775.86 r ls,575= 285,800 :37 3025 . 22320a00 -S 2,220 0 410,00 105.00 262.50, 6 281.25 6;x.00. - 4jpWeW : 2,MA 9500,00 69000.00 19000.W 500.0_. 500=0 27$0.00 15$WO*W 15,2)00.00 539000,00' 51,000.00 9,500.00 -- 5 OD0000 6,7500.00. x,000.00- 5 279, 92 1.92 .32 5 3.00 a,, 66 SAT ..2•62 ..., 1,882_*,66 447.48 504.80 0_. L!2_722.28 AmsJUAR A 22.7(38.25, 6-12-9 0 A '64.892.84 A 12.7 s 6, - 9ITJA OF'EDINA EXHIBIT F, Special Assessment Funds Water Min Improvement Funds Balance Sheet December 31, 1947 Total "to Noe 7'and Exhibit D No. 1 No. 2 No.., 3 No, 4 Noe 5" _ No. 8 ' No. 9 Noe -10 Assets Cash with Treasurer 17;274:80 2- 668 0'80 1,055.45 10256.20 6 2,785097 5,544.07 1,828.72 19395.19 740.40 Investments - Schedule 1 5,000 :00 5,000.00 Taxes receivable. 12.97. 12.97 , Special Assessments Receivable Delinquent - Schedule 9 765 :i0 61 :56 157 :25 - 336 :83 83 :54 125.92 Current- Schedule 9 15,409:51 2 ;739 :86 -664:65 1;935 -12 2- 494 :95, 3;041 -82 2 ;792 :OS 850 :57 890 :49 Deferred - Schedule 10 73858.35 6.b63.l,2 1.608.54 106850.20 122766.W 160782.00 ll.769.09 5.608.89 3:809.61 Total Assets 112,320.73 x_17.133.64. 3.498.86 ffi 14.378.35 19,,1 1.06 # 25.493.81 19.389.86 7.854.65 8 5_a440e50 Liabilities and - SMV1u8 _ Due to Permanent Improvement Revolving Fund 74.27 740 .General Fund for engineering and e����' clerical services 1,909 :52 $ 299.88 434.13 275.51 Accounts payable - Peder Mickel §en =-. \ �- 302.38 302.38 Contracts payable retained percentage ��� 547 :60 i 547 :60 Interest payable in 1948 - Schedule 13 �' 1 ;502 -25 - 180 :00 '58:75 150 :00 208.00 286 :00 357.00 150 :00 7.12:50 Bonds.payable in 19,1,.8 - Schedule 13 10;000 :00 3,000 :00 500 :00 1 ;500:00 2 ;000 :00 .. 2. 000 :00 - 500 :00 .500 :00 Bonds payable - deferred - Schedule 13 $1 ;850 :00 9;000 :00 4850 :00 10,500 :00 14 000 :00 20,000 :00 17- 000 :0,0 5;500 :00 4;000 00 = 034.71 932.30 1.958.59 1.157.05 525.62 Surplus 17. � 090.11 1.928.47 2.688.93 2. Total Liabilities and Surplus 43 712;320.73 17.133.64 3 4 8.86 14.378.35 19.131.06 .L 25.493.81 A 19.389.86 fi 7.854.65 8 50"0.50 �� i . t 37, V L' VILLAGE OF EDINA KKHIBIT G Special Assessment Funds StsDmaiw of Receipts, Disbursements. and Balances — Year :Ended December '31, 1947 — Balance January 1, 1947 $ 562849.06 Receipts'- Schedule.6 1659744.51 Transfers -Schedule 8 5,658.8 Balance, Receipts, 25 and.-Transfers 228.2.,7 Disbursements - Schedule 6 $-7:20,892.77 Transfers - Schedule 8 54.926.18 Disbursements and Transfers 175.818.95 Balance December 31, 1947 -'Exhibit D 5261,33.42 - �8 Funds Sewer Districts: No., 3 No, 4 No.. 5 No. 6 No. 7 No. 8 No, 9 No. 12 No. 13 No, 15 No. 16 No. 18 No. 19 No. 20 Water Main Improvements: No, 1 No. 2 No. 3 No, 4 No. 5 No. 7 and No. 8 No, 9 No. 10 Street Improvement No. 1 Joint Sewer District No, 1 Total Receipts VILLAGE OF EDINA Schedule 6 Special Assessment Funds Classification of Receipts — Year Ended December 31, 1947 — Overpayments Total Special. Assessments Accrued on Assessments Receipts to Delinquent Collected by Sale of Sale of Interest on Interest on Rent of Premium on ( Contra ) Exhibit G Taxes County Villase Bonds Investments investments Bonds Sold Equipment Bonds Sold (Disbursements) 1,826.52 1,4:62.66 1,499.26 345.57 2,613 :80 13#902 :04 8 #768.55 16.88 2,948 :12 10,882.56 10#153:59 1,323 :98 5,009.07 7,772:19 7,522.66 8,210.44. 574:52 3.46 1;340 :16 210 222 :62 5- '76 17,,020.18 6,793.35 +4;533:85 18,797:68 25.0,0.38 39 1 #826.52 1,402.66 44+65:94 $ 345:57 2,613 :80 9 #522:03 3,637 :39 2 #948 :12 7,798 eel 7,084:99 1,267.94 3,096:15 571:06 1;296 :84 1 #943:84 3,589.66 33.32 1,038.03 56.04 5#000 :00 751.05 72000 :00 7,500.00 43:32 - 278 :78 1,601.10 $ 2,000 :00 45 -72 5,0OO.00 114.28 2 #000 :00 45 -72 33,000.00 68.60 5,000.00 114.29 170000 :00 748.20 6,000 :00 4,500 :00 753:43 180000.00 - 13 =698.76 80.18 11,000.00 251.1.0 64.170.08 5.383.45 1 65.000.00 $ 28.000.00 61{0.05 t $ 2 ,334.29 5 -64 3.43 21 :14 22.66 19 :17 1;01 16 :00 29 :15 12 00 21 -85 20.30 3.36 # 20.59 �116.91 Z_ _2.334.29 S 58.80, 20.59 Sewer Distrietss No. 3 No. 4 No, 5 No. 7 No. 8 No, 9 No, 12 No. 13 No. 15 No. 16 No. 19 No. 20 Ti'ater Main Improvements s No. 1 No. 2 No. 3 No, 4 No. 5 No. 7 and No. 8 No, 9 No. 10 Street Improvement No, 1 Joint Sewer District No.l Total Disbursements VILLAGE OF EDINA Schedule Special Assessment EM& Classification of Disbursements - Year Ended December 31, 1947 - 40 City of ' Minneapolis for Accrued 14inneapolis- Interest Saint Paul Village and Sanitary Engineering Premium Contract Total District and Repair Bank Refund of Purchase on Payments Disbursements Bonds Interest Bonds and Clerical of Service Special Village of Investments Sewer and Legal to Exhibit G Paid Paid Interest Services Sewers Charjres Assessments Labor Investments Purchased Water Mains Services 6 526.63 500.00 6 25.00 1.63 10652.88 4500.00 150.00 2.88 75.00 75.00 139.50 137.50 2.00 122036.81 8,000600 1,935.00 14084 0 84.25 6 2,000.00 $ 2.72 102382.17 5,000.00 360.00 9.13 5,000.00 13.04 2,419.86 22000.00 416.25 3.61. 122431.94 6,500.00 3,900.00 0 8.84 17088 2,000.00 5.22 1 3,483.84 3, 000.00 2 400.00 , 9.75 3,000.00 22.12 $ 5,051.97 51096.66 500.00 440.00 2.63 4,154.03 l -48.24 131.18 $ 267.06 50.00 12156.23 140.55 322.23 1100 642.45 50.00 70221.30 22000.00 210.00 4.50 5,000.00 6.80 573.24 500.00 71.25 1:99 52-0610"94 1,000.00 216.67 3025 34.56 3,807.46 7. 089.32 1;500.00 284.38 30"88 27.36 5,198.45 75.25 6,376.78 20000.00 390.00 4.50 3,907.02 75.26 9,655.31 858.90 8,671.41 125.00 341.24 341.24 184.63 184.63 149.88 20.59 129.29 24,389.37 9,000.00 600.00) U3.75) 2.8?1.00 814.79 14-1A 9.1.000000 23.69 U MOV2L 632000400 t 112996253 A 2 .00 fi 1227A.D6 L 82 6 A 97.61 l0 A 61.92 28000090_ 0 1 2.79 0 8O 40 Schedule 8 Transfer Receipts Disbursements Loans from General Fund: Sewer Districts — June 9, 1947 No. 12 $ 300.91 June 9, 1947 No. 13 1,464.86 Dec. 80. 1947 No. 13 8Q9.22 r Dec. 8,1947 No, 4 51.35 Aug 29,- 1947. loo. 15 22612.45 July,24, 1947 Water Main Improvement. No. 1 420.01 Repayment of Loans to General Funds Sever Districts — Oct. 31, 1947 No. 12 -300.91 Oct. 31, 1947 No. 13 1,464.86 Dec. 29, 1947 No. 13 809:22 4 Dec. 299 1947 No* 4, 51035 Oct .:31p 1947 No. -15 29612.45 Oct: 31, 1947 Water Main Improveement Now 1 Total Repayment of Loans; to General -- Fund : . 53658,8D Payments to Permanent Improvement Revolving;Fund for construction of local improvements; Sewer Districts. —. No. 18., 59009.07 No 19 5,956.19 No. ',20 5,925.26 Water Main Improvements - No. 7 and No. .B 5,536.15 No. 9 5,056.92 No 10 3908082 Street Improvement No. 1 18.174. Total Payments to Permanent Improvement.. Revolving Fund for construction of = local improvements -492267-38 Total Transfers to Exhibit a. 50658.80 , 54.926.18 F 41 a Sewer Districts: No. 3 No. 4 No. -5 No. 6 No. 7 No.- 8 No 8 (outlet. charges) No. 9 No.. 72 No. 13 No. 15' No 16 No. 18 No. 19 No. 20 Water -Fain Improvements: No 1 No. 2 No. 3 No. 4 No. 5 . No. 7 No, 8 No. 9 No..10 1, 465.94 Street Improvement No, 1 Joint Sewer District No. 1 354.74 Totals 9.17 Totals to Exhibit D VILLAGE OF EDINA Schedule 9 Special Assessment Funds Statement - of . Special Assessments ' Receivable Current and Delinquent Year Ended December 31, 1947 Balance Certified to Current and Jail. 1, 1947 Collections County for Delinquent Current aad Received Delinquent Collection Balance Delinquent from County Balance in 1948 Dec. 31,, 1947 12851.49 1,826.52 ffi 25:47 25947 462402 10462066 161.46. 104870'77 4649.23 1, 523 635 1, 465.94 57.41. 1,388:59 1:'140.00 354.74 -345.57 9.17 3340'92 344.09 2,771.39 2,613.80 157.59 2 -525.0 2,682.70 7,803.45. 7,455.22 348.23 72183090 7,532.13 39701085 2,066.81 12635004 1,989.92 3,624.96 4,915.47 3637.39 1,278.08 3,809066. 5,087.74 3,289.60 2.948.12 341:48 3,092.05 3;433.53 8- 796.52 7,798.81 997.71 9;556.75 10,554.46 _ 7- 393087 7,08409 308.88 8,7620'66 9,071.54 1,370.33 4267094 102.39 10623:47 1,725.86 .678043 678:43 8550'00 855.00 999.37 999.37 3,1570_71 3,0.960'15 61.56 2,739.86 2,801,42 728:31 571006 157.25 664.65 821.90 1- 633067 1,296.84 336.83 1;935012. 2,271.95 2,027:38 1,943.84 83.54 2;494995 2,578.49 3,715.58 3,589.66 125.92 3,041:82 3,1670-74 747086 -747.86 2o44919 2,044.19 850:57 850.57 890.49 890.49 22264.25 2,264025 15,687209 13.698.76 1;988.33 13,397.07 1 385.4+0 72.34L9 .1 646 170.08 83.534.77 8.176.34 $ 75.358.43 z 0 Sewer Districts: No. 4 No. 5 No. 5 supplemental No. 6 No. 7 No. 7 supplemental No. 8 No. 8 outlet charges No. 9 No, 12 No. 13 No. 15 No. 16 No. 18 No. 19 No. 20 Water Main Improvements: No. 1 No. 2 No. 3 No. 4 No. 5 No. 7 No. 8 No. 9 No, 10 Street Improvement No. 1 Joint Sewer District No. is Original assessment Supplemental Supplemental - Colonial Grove Supplemental - Edina Court Total Special Assessment Funds Total to Ezhibit D VILLAGE OF EDINA Special Assessment Funds Statement of Special Assessments Receivable Deferred - Year Ended December 34 1947 - Deferred Assessments Spread Assessments For Prior Current Interest Jan. 1. 1947 Years Year Spread Total Certified to County for Collection in 1948 Collected by Village Principal Interest Schedule 10 Deferred Assessments Dec.31x 1947 t 1 ;416 :71 $ 71 :06 $ 1 ;487 :77 1 ;487'77 2,931 00 146 '.95 3,077 95 1,114 :18 25 :50 1 :27 t 1,937 :00 722 :55 35:95 758 0 50 274 :41 6.24 .31 47754 -867 60 49 :72 917.32 334.92 582040 6,171 :60 36o :63 6,532 :23 2,417:83 4,114 :40 287 :01 11 :61 298 :62 1.07 :28 191 :34 23 ;947 :43 1,197 :05 25,244 :48 7 ;183 :90 17,960 :58 6 ;795.92 290 :94 7,086 :86 1 ;989 :92 5 ;096.94 13 ;607 :95 407:68 14 ;015:63 3 ;809 :66 10 ;2x5.97 20;0710'11 959.60 20;970.71 3 092 :05 17 ;878.66 60 ;005 :95 3 0017 034 63 ;023 :29 9 ;556 075 10011.24 26.79 52 ;428:51 54 0390 :76 2,722 :21 57 ;112 :97 8,762 :66 48 ;350 0'31 7.0,077.20 � 280.20 503 :85 10 ;861.25 1,623 :47 56.04 9 ;181...74 5 19748.22 103 :14 5 ;851 036 678 :43 5 ;172.93 6 ;900:30 250 :29 7;150.59 855 :00 739:60 11.45 5,544.54 72668.76 231.18 7,899.94 999.37 6,900.57 8 0884.56 518 :72 9 2-4030'28 2,739 :86 6;663 0'42 2,1.72 44 128 :47 2 ;273.19 66465 1 ;608 454 12 ;011.42 216.60 600 :62 12 2828 :64 1,935 :12 43.32 10;850 620 15 0760 :06 780 :27 169540 :33 2 0494 :95 .272 :98 5 :80 13;766.60 20,439.54 985 :38 21 0424.92 3,041 6'82 1,559.79 41.31 16 0782 000 6;328.20 114059 6 ;442079 .7470-8 5 0694 :93 10;793:06 325:29 1i ;118:35 2,044:19 9;074:16 6 ;980 :53 227 :13 7 1207.66 850 057 748.20 5 ;608 :89 4,535.72 164.38 4 ;700 :7I) 890:49 3 ;809 :61 18,174.95 521.25 18,696.20 2,264.25 753.43 15,678.52 23 0012:80 700 028 23 0713 :08 12 ;166 0'92 75 :83 1.84 71 0468 0'49 22023:72 78 :99 2,102 :71 1,090 :95 2.51 10009 :25 185 085 7:35 193:20 100 0,80 92 :40 70.80 2.80 73.60 .40 35.20 2852766.26 496.80 670129.74 152516.72 1 3680907.52 A 75.358.43 j 5.294.68 A 88.77 288.165.64 43 Construction Costs: Balance January 1, 1947 - Contracts payable Completed construction - Contracts Other Balance January 1, 1947 Additions - Contracts Contract extras Contract - percentage witbheld Other Transfers - payment for construction costs to Permanent Improvement Revolving Hand Construction costs payable to Permanent Improvement Revolving Fund Reserve for contingencies Total Additions Balance and Additions Deductions - Due from Joint Sewer District No. 1 Fund Adjustment of contract to unit cost basis Due from General Fund (overpayment) Total Deductions Total Construction Costs Completed Constructions Construction costs advanced from Permanent Improvement Revolving Fund which were reimbursed (see contra) - 1946 construction - Contract payments - Year 1946 Other payments - Year 1946 1947 construction - Contract payments - year 1947 other payments - year 1947 Overpayment to General Fund Total Construction costs reimbursed to Permanent Improvement Revolving Fund Special Assessment Funds Statement of Construction Costs, Completed Construction, and Special Assessments Spread Total 0 229772.31 $ 5,051.97 4,154.03 810690.28 45,467.74 4,647.17 9,361.52 3.847.17 723.20 113,824111 54,366.88 �, 9,,524.0 Ov 8,479.80 834.06 547.60 2,828.23 49,267.38 - Year Ended December 34 1947 - Wate= No. 20 1100 1106 o. 0 642.45 0 326.79 0 317.06 372.23 5,009.07 5,956.19 5,925.26 3,871.65 5,570.47 0 4,124.19 7,432.95 91,161.13 1.!,,981,29 968.56 1,178.53 2,644.06 D 22.273.16 0 15.910.13 0 21.74 .54 850.13 775.86 38.273.50 Q 6.067.30 $ 1.672.48 MQ.27 627.05 728.82 0 1.137.05 � 1„9'73.07 0_ 2.297.27 81.080.70 $ 6.067.30 0 l x„672.48 $ 6,551.99 0 6 ,200.20 $ 7.668.76 0 1.1137.0 a 1,973.07 � 2.297.27 a 194,904.81 0 60,434.18 9 11.126.88 6,551.99 Q 6.M.30 7,668.76 8 13.410.21 Z 17,883.20 $ 24.046.81 803.77 0 803.77 653.38 0 64.19 372.02, 217.17 .02 1,437.17 3 803.77 3 6[x.19 372.02 3 217. 1 7 193."2 6A 9 6OaQA.;9 Q 110196.88 8- 3 66900.30 3 7.66 7r 238290� .4 17,161.65 1,142.92 30,018.91 943.88 .02 6 49,267.38 Q0 129.62 4,818.50 �o 5,806.62 5,782.04 60.95 249.57 143.22 a 50009.07 � 50956.19 6 5,925.26 Schedule 11 Street Main Im rovements Improvement No. 7 No, 8 No. 9 No. 10 No. 1 IQ .02 IQ, .02 6 `32� 8.20 8 10.293 6�980,�3 3 ! 5.72 ,' 1$,17 .9 a 17,161.65 1013.30 5,174.60 4, 928.4:0 0 3..508.75 286.88 ;a 74.67 128.52 100.07 .02 6 5,461.48 QQ 74.67 $ 5,056.92 u 3,608.82 4v 18,174.97 44 8,479.80 191.61 547.60 380.19 603.71 341.24 487.01 5,461.48 74.67 5,056.92 3,608.82 $ 18,174.97 74.27 412.26 1,443.27 1.034.77 439.89 L 6.328.20 10,793.06 6 , 280.53 6 4,535-72 Z 18 .174.97 6 61328.20 4? 10,793.06 �4) 6.980.53 Q) 4.535.72 - 18,174.97 IQ .02 IQ, .02 6 `32� 8.20 8 10.293 6�980,�3 3 ! 5.72 ,' 1$,17 .9 a 17,161.65 1013.30 5,174.60 4, 928.4:0 0 3..508.75 286.88 ;a 74.67 128.52 100.07 .02 6 5,461.48 QQ 74.67 $ 5,056.92 u 3,608.82 4v 18,174.97 44 VILLAGE OF EDINA Sanitary Sewer Districts Water Total. No. 15 No. 16 NO. 18 No. 19 No 20 No. No. 4 No. 5 " Completed Constructions. (Continued) 1946 Construction - Contract payments - Year 19/46 81'690.28 45-467.74 4,647.1'7 ?,432.95 0 l61o13 149981.29 Other - Year'.1946 98361.52 3,84 ?.1? 723.20 968.56 lgl?8.53 2,644.06 1947.Construction - Contract payments -Year 1947 31,432.79 5,051.97 4,154.03 642.45 3,847.46 5,198045 3,907.02 Other payments - Year .1947 23?.8.35 317.06 372.23 Due other funds 914.:90 775°86 Reserve .four cone ingencies 38 273.5 s. 0 69067x30 1,6.72.48 440.27 627.05 726.82 19337005 19973°07 29297.27 Retained percentage on contracts .54 ?.60 Accounts payable Feder Mickeasen 302038 Due to General.Fund ,326.79 X26.79 _ Total Completed Construction „194,445.49 60 434.18 # 111196.88 $ 6,,551.9 6,900.30 3 7°668.76 12,2g202 0 12 531.18 " . 23.822.64 Deduct,. - Legal and publinh g costs- charged to Surplus, 1941 Due from other finds 803.79 803.77 Total. Deductions 80 .77 Not Completed Construction 7tig3 1.47 .64 - 60.434.38 31.196.88 5,748.22 `�- b.900.30 7R6689L76 13.3Gb.(l2, 17.517..18 a 23 Sw 2 Special Assessments Spread: Year 1946 6 1268317490 6 60,434.718 319196.88 13,346°02 6 17,51a,a8 6 239029,64 Year 1947 6791274 ;x.7/$8.22 8 6,900.30 7°668.76 Total Special Assessments Spread .193.447ab4 60;x:434.18 __. _ 11.1 6.88 fi 5.748.2 2 6 "°900.30 7;,668.76 139346,02 1'7.51]:.18 2 2 3;,8 9.6 Schedule 3.1 Special Assessment Funds Construction Costs. etc. (Continued) Street Improvement No. 10 No. 1 45 8,671.41 380019 603.71 341.24 184.63 129.29 74.27 64.77 412.26 10443.27 1,034.77 439.89 547.60 302.38 61328.20 0 10., 793.06 Q 6,280.53 4,535.72 fa 18.369.03 194.06 .02 194.08 6,328.20 L 100793,06: ; 6.980.53 40535.72 i=18.17/x.95 > 6.328.20 � 102793.06 � 6,980.53 3 4,535.72 Q 18,174.95 6.328.20 � 10.793.06 � 6.980.53 � 40535.72 L X8,.174.95 45 9 0 VILLAGE OF EDINA Special Assessment Funds Bonds Payable – Year Ended December 31, 1947 – Interest Balance Issued in Paid in Balance Description of Issue Date Sate Jan. 1. 1947 1947 1947 Dec. 31, 1947 Sewer Districts: No. 3 Apr. 27, 1937 5 % 500.00 500.00 No, 4 July 11, 1938 5 3,00 .00 1,500.006 4500.00 No, 5 Nov. 1, 1940 2 1/2 32000.00 3,000.00 No. 7 Nov. 1, 1940 2 1/2 5,500.00 5'500.00 No. 8 Nov. 1, 1940 4 1/2 430000.00 83,000.00 35,000.00 No, 9 Feb. 1, 1942 1 1/2 24-000.00 50000100 19,000.00 No. 12 Jan. is 1946 2 1/4 19 :000.100 2,000.00 170000.00 No. 13 July 1, 1946 4 660000.00 63,500.00 59,500.00 1a0. 15 Sept. 1, 1946 4 605,000.00 3,000.00 57,000.00 No. 16 Sept. 1, 1946 4 11,000.va 500.00 10,500.00 No, 18 July is 1947 1.4 5,000.00 511000.00 No: 19 July 1, 1947 3.75 7,000.00 72000.00 No. 20 July 1, 1947 3.75 7,5OO.00 7,500.00 rater rain Improvements s No. 1 Aug. it 1941 1 1/2 1431000.00 2,000.00 12,000.00 No. 2 Oct. 1, 1941 2 1/2 22850.00 500.00 2,350.00 No. 3 Sept. 119 1946 1.25 13,000.00 1,000.00 122000.00 No, 4 Oct. is 1946 1.3 17,500000 12500000 16,000100 U0,, 5 Oct. 1, 1946 1.3 24,000.00 2,000.00 22,000.00 Wo. 7 and No. 8 July is 1947 1.4 17,000.00 17,000.00 Ho. 9 Oct. is 1947 2 - 6,000.00 6,000,00 ITO. 10 Oct. 1, 1947 4,500.00 4,500.00 Street Improvement No, 1 July is 1947 18,000.00 - 182000.00 Joint Sewer District No. 1 Sept. 1, 1939 3 20,000.00 70000.00 133000000 Joint Sewer District No, 1 Aug. 15, 1944 1 3/4 6.500000 2.000.00 X0.00 Totals r r rr 9 65.000-00 & A31 rr• rE 354185-0 -OD Schedule 12 Date Suer Districts: Sept.ls 1939 Aug-15s 1940 duly 3.119 1938 Nov. 1, 1940 Nov. is 1940 Nov. 19 1940 Feb. is 1942 Jam. is 1946 July 16 1946 Sept:16 1946 Sept.ls 1946 July is 1947 July 10 1947 July, 1, 1947 Pater Main Improvements: Aug. .10 1941 Oct. is 1941 Sept-l2, 1946 Oct. 1. 1946 Oct. 16 1946 July is 1947 Oct. is 1947 Oct. 1, 1947 Street.Improvementss July 1, 1947 Totals Totals to Exhibit D Schodale 13 Special Assessment Punds Bonds Payable Maturities and Interest December 31, 3947 - Total Bonds 3%85040-0 l• 1 I 1 a 1 s; 1 1 10 :; 45s§5 1 a l A4000400. ;, 128JMtW 80-0-0-z-00 1 V3jS5O.00 0 47 Interest Bonds Bonds Deferred 1953 Description Interest Payable Outstanding Payable After Through. of Issue,- Rate 1948 Dec.31, 1947 In 1948 Dec.31a 1948 1949-- 1050 1951 1952 1958 No: 1 Joint 3 % 390 000 130000:00 63,000.00 7,000.00 79000:00 No..i Joint 1 3/4 78 :75 4,500.00 26500 000 20000.00 22,000.00 No, 4 5 75:00 16500.00 19500: No, 5 2 1/2 75 000 30000000 13,000000 29000.00 10000.00 10000 900 No. 7 2 1/2 137:50 5,500.00 1;500 :00 4;000 :00 2,000:00 2,000000 No B . 4 1/a 1,575,E 359000:00 820 :00 27- 000'00 9s,000 :00 7,000 :00 116E}00.00 No: 9 1 1/2 285.00 19,0006,00 4",000 :00 15,000:40 59000 :00 5,000.00 5,000.00 No'. 12 2'1/4 371 :25 170000.00 29000:00 156400 :00 29000 :04 2. 000.00 29000.00 8 - 2,000.00 7,000.00 No: 13 4 .2$320 :00 599500:00 6,500 000 519000:00 63,500.00 6'500:00• 63,500.00 .6 500:00 27,000.00 116: 15, 4 20220 000 57,000.00 66000 :00 519000 0'00 6.000:00 6- 000 000 6.000 000 6- 000000 27-000.00 No: 16- 4' 410 00 105500 :00 1,000.00 .92500 :00 1,000.00' 1,000.00 1,000.00 19500 :00 53,000.00 No 18 1:4 1A5 :00 50000:00 5,000 :00 1,000 :� 1,000.00 3,000000 No: 19;. 3:75 262 :50 7,000. :00 5w :00 69500:00 500 :00 500:00 19000 :OQ 500 :00 4,000.00 No. 20., 3.75 281.25 7,500.00 500.00 7,000.00 1,000.00 g00.Of1 1,000.00 800.00 4,090.00 Bo. 1 1 1/2 180.00 123,000 :00 3,000 :00 9- 000 :00 2,000.00 3,000.00 2,000:00 2,000.00 No: a . a A/2 58:75 .2,350 :00 500:00 19850. :00 500 :00 .500 :00 -850:00 No 3 1025 150.00 129000.00 19500 :00 10-500:00 19000 :00 10%0100. 16000.00 - 1,500.(10 52500.00 NO 4 1:3 208 :00 169000000 29000 :00 146c140 000 12500 :00 20000600 19500.00 22000.40 7,400.40 No: 5 :. 1.3. 286:06 220000 :00 2,000.AO 20.9000 :00 3,000 000 29000 .-00 36000.00 -20000.00 102040.00 No: 7.and No. 8 1 :4 357 :00 l7sOtO :40 179000 :00 1,000 000 1,000.00 1,00000 -2'000.00 12;.000.00 X0..9 2:; 15o.s 69000 :00 1500.00 5,.500;00 500:00 500.00 500 06 1,000 :00 39000.00 No. 10 2. 112.50 4,500.00 540.04 4,000.00 500.00 g0o.- 500.00 500.00 2,000.00 No. 1 1.4 378.00 18.000.00 18.000.00 1.0001,00 1,000:1 2,000.00 0 12.000.00 3%85040-0 l• 1 I 1 a 1 s; 1 1 10 :; 45s§5 1 a l A4000400. ;, 128JMtW 80-0-0-z-00 1 V3jS5O.00 0 47 _0 VILLAGE OF EDINA 48 Schedule __4 Special Assessment Funds Payable to City of Minneapolis for Portion of Cost for Sewage Disposal Plant and Interceptor Sewer Outlet — - December 31, 1947 — Portion for which payment is provided from Joint Sewer District No. 1 property -assessmsntss 1948 2,771.11 1949 2.719.22_ Total prodded for in Assessments Receivable from Joint Sewer District No. 1 to Exhibit D $ 5e490.33 Forwion'for which payment -is to be.provided . for from future property assessments: 1950 2,862037_. 1951 2,615:45- 1952 ='' 2,563.56. 1953. 2,52640. 1954 2,480.52. 1955 29442.86_ 1956: 2,390.00 1957 2,337.16. 1958 2;291.54. 1959 2,23801. 1960 221924'171. 1961 2,139.43, 1962 2;086.16. 1963 2,033.03. 1964 1,979061. 1965 1,298.33 1966 1$0044051 1967 3344_'78 1968 95.22 Total to be provided from Future Property Assessments to Exhibit D 37.91.1.29 48 0 VILLAGE OF EDINA Permanent Improvement RviM Fund Balance'Sheet - December 31$.194? — Assets Cash with Treasurer - Schedule 15'. 102677.58 Investments — Schedule l 90,000000 Taxes receivable _ .deferred -- Schedule 22 :.. 215,055.00 Special Assessments Receivable: Current — Schedule 16 15,333.20 Delinquent — Schedule 16 1,691,52 Deferred .; .Schedule 17- 912725.28 Due froma General Fund ­Schedule 18 3v718,37 Special Assessment Funds — ' Sewer District No..18 Fund - Schedule 19 775.86 Water main Improvement No. 7 and No. 8 Fund — Schedule 19 74.27 Work in progress — Schedule 19 110.685.01 Total 'Assets 5539.736.09 Liabilities. Reserves: and Surplus. .: Accounts payable — Peder Bickelsen' — Schedule 19 673.08 Contracts payable; Completed — retained percentage - Schedule 19 19,401094 Uncompleted construction — Schedule 19 84,950.71 Sever and water main connection deposits 29034.56 Due to: General -Fund - Schedule 20 23,485.52.✓ Sewer - District No. 13 Fund. 10.E / Working Capital Fund — Schedule 19 1 216.08 ✓ Bonds payable — Schedule 22 180,000.00 Reserves: 'Contingencies - ..Schedule 21 110092614 Taxes receivable deferred - Schedule 22 180,0000 Uncollectible taxes— Schedule.22 11�4p:05,00 Future interest — Schedale.22 23650o00 .Surplus — Schedule 23 1,;817.06 Total Liabilities, Reserves, and Surplus 6_a 49 50 VILLAGE EDINA Schedule 15 Permanent Improvement Revolving Fund Statement of Receig1s. Disbursements. and Balances - Year Ended December 31, 1947- Receipts: Special assessments collected by - County — Schedule 16 $ 5,236.13 Village.- Schedule 17 202.95- Sale of bonds 1800000000 Accrued interest on bonds sold 79,48 Black topping Sunnyslope Addition paid by Thorpe Bros., Inca _ 10.575.00 Total Receipts to Exhibit C $196.M Transfers: From Special Assessment Funds.- - Street Improvement No. 1 $ 180174.97 Sewer Districts - No. 18 5,009.07 No, 19 50956,.19 No. 20 50925.26 Pater Main Improvements - - No. 7 and No* 8 5,536.15 No-* 9 5-,056.92 No. 10 3.608.82 Total Transfers from Special Assessment Funds - Schedule 19i 492267.38 Advances from General ..Fund 382507.22 Total Transfers to Exhibit C 87.774.60 Total Receipts and Transfers $b283.868.16 Disbursements: Construction cost and work in progress;- Contract payments - Schedule 19 0111.486.70 Other payments - Labor 908095 Material and supplies 2,408969 Advertising 806.98 Legal fees 582.06 Village labor 10924.06 50 -i .i J VILLAGE OF EDINA Schedule 15 Permanent Improvement Revolving Fund Receivts. etc. (Continued) Disbursements: Construction cost and Work in rogress Other payments (Continued Village engineering and.clerical- services 5.431.97 Total other payments — Schedule 19 12,062.71 Total construction cost and Work in progress 41230549.41 .Purchase of investments. 900000000 Accrued interest on investments 234.48 Final payment'for construction of Mater Main 'Improvement'No. 6 charged to Reserve for Contingencies : 176.38 Total Disbursemments to Exhibit,C .8213,960.27 Transfers: Repayment. of loans from General, Fund - Exhibit C: 59.230.31 Total Disbursements and Transfers 0273.190.58 Balance December 31,, 1947 to Exhibit H A m., `10 VILLAGE, OF EDINA -- - -- - - - - Permanent improvement Revolving Fund Statement of Special Assessments Receivable Current and Delinquent Year Ended December 31, 1947 . — Balance Certified -to. Current and- Jan. 1 -1947 Collections County for Delinquent Ci�rrerit and ` Received Delinquent .Collection" Balance Delinquent From County Balance in 1948 Dec. -31. 1947 Sidewalk, Curb acid Gutter: Old 1,7620'23 1,608.73 0 153 -50 153 :50 Sidewalk- #10 313.02 276.73 36.29 296. :xr 332 :56 Sidewalk, France Ave., 51-52 St. Oak Drive, St. John Ave.,`Concord,Ave. Curb and .gutter, France•Ave., 51-52 St. Sanitary Sewer= Old, District Nos.. 7, 140 17 and others .Storm.Sewers District No 11 District No. 13 Water Bain: ° #6 Edina Court Wooddale Avenue Grading: Dewey Hill Road Beard Gorgas Avenue . Street Oilinge Old Black Topping: Valley View Heights Addition Countryside- 'Addition Golf Terrace 2nd Addition Weed Eradicationt Old Totals Totals to Exhibit H Schedule 16 500.25 402.00 98.25 98.25 $ 6.927.65 $ 5.236.13 1 17.024.72 $ 1.691.52 15.333620 379 :06 379 :06 2,464.99 2,464 :99 624009 - 624.09 1,465.05 805.61 659.44 964,39 1,6234183. 534:97." 534 97 91.55 91.55 450:87 ° 396 :83 54 :04 -- - - -- 602.90 656.94 171 :76. 36.18 135 :58 135:58 78.50.. 78 :50. 78.50 207 :68 43 :36 164 :32" 164.32 513 058 454 :23 59 :35 - 544062° 603.97 336.12: 310.39. 25.73 326.30- 352.03 ` n 1,128.59 902007 226.52 • 226.52 2,316,58„ 22316.58 4,960.36 40960 :36 11,227.12 4227.12 500.25 402.00 98.25 98.25 $ 6.927.65 $ 5.236.13 1 17.024.72 $ 1.691.52 15.333620 Prolects Sidewalk: Sidewalk #10 France Ave., W 51 to W,52 St. ..Curb and Gutter: Oak Drive, St. John,.and Concord France Ave., A 51 to 'W 52 St. Sanitary Sewer: No. 7 Indianola Ave.., No. 14 Gorgas Ave. No'. 17 Colonial Square Storm Sewers District No. 11 District No. 13 Grading: Beard'Avenue Gorgas Avenue Black Toppings Golf.Terrace Heights 2nd Addition Countryside Addition. ' Valley View Heights Addition Water Pain: #6' #11 #12: #13 Total Permanent Improvement Revolving Fund Total to Exhibit H 53 VILLAGE OF EDINA o Schedule 17 Permanent Improvement Revolving Fund Statement of Special Assessments Receivabl® Deferred Year Ended December 31, 1947 Certified to County Deferred Ads .essments Spread in'1947 Collected .!Deferred Assessments Construction Reserve' "for -_ ,Interest :,`•'' for Collection by - _Assessments Jan. 1. 1947 Cost Contingencies Total Spread Total in 3,948 Village Dec. 31,0 1967 $ 279:46 16.81 $ '296.27 296.27 '949.32 $ . 1001128 4 1,049.60 29.16 1,078.76 379.06 699.70 6,189,04 634.97 - +6;824.01 190:06 :79014.07 2,464.99 4;549.08 1,611.26 116.74 1,_728.00 48.09 1,776°09 624.09 1,152.00 31080 3,51 35.31 35031 30225:60 : 134.51 .3#360911 492091 $ .. 170.48 ,29696.72 3.9063-W, .95 .74 3 ,9159.73 436.17 28723.56 3,489:43 ," 185:46 3,674089 534.97 3,139,92 6490'68 49071 69.9.39 21.09 720.48 91.55 628.93 972.57 58.35 4030.92 5,44.62 486.30 614.40 19.10 633.50 326.30 32.47 274073 3#108.49 -288.92 3097.41 940'49 3;491.90 . 1,227 12 29264,78 - 199792.50 18975.26 21,767.76 605.88 22,373.64 49960,36 17;413.28 .9#213.75 9531.60 109167.35 28207 109450.02 2,316.58 88133.1,1E 3s741.91 ;,'187-14 3929005 602..90 , 3.316.15 4,899.12 1,617.05 6,516.17 69516017 .6;516:17 2'79299.43 22817.65 30,117.08 309117.08 30,117.08 6:851.11 752.33 72603.44 72603.44 : 7.603,46 $ 150619.16 9_80: 563.?0 $ 9306.51 $ 89.870.21 $ 10972.06 $107.261.63 S 15.333 _ 20 _ 95 X2. $ 712725.28 Schedule 18 Curb radius,.Oak Drive .509.86 Curb radius, France Avenue, 51 St. to 52 St. 39.60 Street repair — Street Improvement No. 1 64.751 7' Black.Topping: 55 Street,.Beard-to France 84.35 France Avenue, 55 to 58 Streets 300.52 John Street and Baltimore Lane._ 7.20 Graveling — 56th Street to Wooddale Avenue 159.10 Grading: Street repair-Village labor — Rolf Avenue 5.65 Lexington Avenue 209062 56t2_Strest, St,-John to.Wooddale Avenue 100.48 Total from Construction Cost and Work o in Progress - Schedule 19 4481.13 Balance of Village's share'of black topping Wooddale Avenue from 50th to 56th Streets 68.00 Sewer- and water main connection receipts deposited-, in General.Fund __. 1.469.24 Total Due from General Fund . • O 54 Curb and Gutter: Oak Drive France Avenue- 51st to 52nd W 49th Street from France Avenue to Maple Road Halifax Avenue from 491 to 50th Streets W 56th Street between Wooddale and Concord Sidewalk: Thielen Avenue Sani",,F y Seaver: No. 18 - 49j Street No. 19 - 48th and 49th Streets No. 20 - Edina Hills Storm Severs: No. 32 No. 13 • No. 14 -Water Mains: No. 7 - 490 Street No. 8 - Edina Hills No. 9 - W 49th Street No, 20 55th Street No. it - France Avenue No. 12 - Highway No. 100 No. 23 - Zenith Avenue between W 55th and W 57th No. 14 - Golf Terrace and Golf Terrace Heights France Avenue, 58th to 61st Street Improvement No. 1: Vridening 50th Street Paving France Avenue Graveling: 56th Street to Wooddale Avenue ELLAGE OF EDINA Permanent Improvewnt RevolvinS Fund Statenent of Construction Costs and Work in Pros - Year Ended December 31, 1947 - k Colleted Construction Construction Cost Paid or Payable from Deductions Special general Uncompleted F Work in Progress Payable or Assessments Special Fund and Construction January 1. 1947 Contract Paid from Other Spread Assessment Thorpe Bros. Work in Contract Contract Other Additions Deductions Other F nds Costs Total Schedule 17 Funds Inc. Progress prior Year 1947 12287.76 198.50 6 4,962.70 249.94 0 6,698.90 6,7.89.04 509.86 1,287.76 4,962.70 68.52 2,658.10 489.40 362.96 2,600.1$ 22560.58 39.60 20168.70 3,855.00 15 do 31870940 3,870«40 4,000.00 305.40 4,305.40 4,305940 4,000.00 7,600.00 23.70 72623.70 7,623.70 12.15 12.15 72.15 933.39 5,313.40 494.90 33.04 5,784.93 4 5,784.93 4,818.50 92.75 5,807.00 .38 58.82 5,956.19 52956.19 5,806.62 54.99 63443.15 18.66 642.45 88.23 52925.26 5,925.26 5,782.04 334. 14 872.37 1,207.11 12207.11 16.30 587.40 45.98 649.68 649.68 587.40 275.54 275.54 275.54 63.35 5,852.00 677.40 297.80 5,535.75 5,535.75 5,174.60 23.57 61.1U . 74.67 74.67 50872.00 396.00 547.60, 128.52 5,056.92 5,056.92 4,928.40 3,558.80 50.05 100.07 3,608.82 3,608.82 3,508.75 51119.00 944.50 724.62 4,89902 4,899.12 3,757.05 25,300.40 1,999.03 273299.0 27,299.43 22,067.36 6,096.00 90.55 845.66 6,851.11 6,851.11 5,404.90 262058.75 780.56 262239.31 262239.31 4.50 4.50 4.50 8,037.35 421.72 32.38) 9,124.30 591.58 32.39) 28,239.72 182174.97 64.75 172161.65 159.10 159.10 159.10 k Schedule i9 kyments Balance December 31, 1917 Due from Contract . Due to I e Other General Retained IInaompleted Other Accounts Prior Year 1947 Fwd Percents &e Construction Raids Pagable $ 198.50 249.94 68.52 362.96 15040 30855.00 305.40 23.70 7,600.00 12.15 933.39 22.89r 10.15 92.75 56.82 54.99 88.23 334.74 637.72 234.65 16.30 45.98 275.54 ..63.35 223.53 74.27 13.57 61.10 128.52 100.07 409.52 417.45 0315.10 1,999.03 12161." 20071.60 487.68 600055 357.98 180.56 260058.75 4.50 10013.30 64.77 100.80 58.30 55 e I e r I t P � e ,I Black Topping: 55th Street Beard to France SuUmBlope Countryside Creston Hills VAi Ing Hi a) 1 and s FAIna Hulks Bailey View Edina Park Frame Avenue from 54th to 58th Streets Uboddale from 50th to 56th Streets Concord, Lexington to Sauth Vier Lam Golf Terrace Heights, 2nd Addition John Street and Baltimore Lane 56th Street between Wooddale and Concord Wooddale from 56th Street to Tower Street Mirror Lake Grading - 491 street_ Brookside Heights Rolf Avenue Grove Street Lexington Avenue 56th Street from St. Johns to Wooddale Avenues 60th Street between Hanson Road and Normandale Road. Code Avenue between Grove Street and IV 60th Street Ridge Road Parnell Street Adams Avenue Totals �il'_:�•yi 1� � :1�1��4r7�1 VILIAGE OF FDINA Construction costs reimbursed frm Special Assessment Funds - Schedule 15. �9s267.38 Due from Special Assessment Fund - Sanitary Seger District No. 18 775.86 Due from L-ater Main Improvement No. 7 and 11o. 8 Fund 74.27 Total Completed Construction Construction Cost Paid or Payable from Deductions Specs General Uncompleted & Work In Progress Payable or Assessments Special Find and Contraction Liu 1. 1947 Contract Paid from Other Spread Assessment Thorpe Bros. fork in Contract Contract Other Additions Deductions Other Funds Costs Total Schedule 17 Finds Dw. Progress Prior Year 1947 84.35 84.35 .84.35 10,575.00 10,575.00 104575.00 8,842.3 18,850.00 942050 190792.50 19,792.5© 160965.0( 11,220000 7*4i0 12,227940 33..227.40 15,600.00 7.40 15,607.40 15,607.40 1,550.00 1.88 12551088 12551.88 8,775.OD 438.75 99213.75 90213.75 7,897.5( 3,900.00 2400 39902.00 3,902.OD 300.52 300.52 300052 8,448.00 4,224.00 225.40 4$449.40 4,449.40 3,456.0( a 2,233.00 16.45 2,249.45 2,249.45 3,108.49. 3,108.49 3,108.49 7020 7.20 7020 2,937.50 24* 0 20961..90 2,961.90 832.00 4.50 936.50 836.50 15s300.00 25.00 35,325.00 15,325900 3,054.02 119.15 3,173.17 3,173.17 19012.81 1,042.81 1x042.81 5.65 5.65 5.65 302.00 20.66 322.66 322.66 201.3: 209.62 209.62 209.62 100.48 100.48 100.48 2,66008 360.62 2,821460 20821.60 1,357.5: 890.92 890.92 890.92 256.45 256.45 256.45 500000 23.86 523.86 523.86 4,50 4:50 4050 X5 _8 �, 530.G7 3 A 0� W0.56,7 �i5 2 `' 449 Construction costs reimbursed frm Special Assessment Funds - Schedule 15. �9s267.38 Due from Special Assessment Fund - Sanitary Seger District No. 18 775.86 Due from L-ater Main Improvement No. 7 and 11o. 8 Fund 74.27 Total Schedule 19 Permanent Lb rovement Revolving Fund Construction Costs etc. (Continued) ayments Balance December 31, 1947 Due from Contract Due to Other General Retained Uncompleted Other Accounts Prior Year 19Lt7 Fund Percentage Construction Funds Payable 84.35 10.86 982.48 739.34 942.50 1,885.00 7.40 7.1 ,*220.00 7.40 15,600.00 1.88 1,550.00 438.75 877.50 2.00 3,900.00 300.52 225.40 y¢ �.':" 19536.00 16.45 2,233.00 2, 538.11 570.38 7.20 24.40 20937.50 4.50 832.00 ,' 25.00 159300.00 3x054.02 119.15 19042.81 5.65 20.66 100.67 106.01 103.61 12.65 87.83 160.62 385.85 103.17.60 890.92 192.42 64.03 23.86 500.00 4.50 1 4L.43 06. 2.71 _s322M 9. 1.94 a672.aO8 Due to Lorki g Capital Fund to Exhibit H $19216.08 Due to General Fund to Schedule 20 106.29 Total 56 ti 6 f VILLAGE OF EDINA Permanent improvement Revolving Fund r Statement of Due to General Fund December 31, 1947 - Balance December 31, 1946: .Transfer from General Fund Special assessments receivable ; Current and delinquent December.31, 1946 - Schedule 16 Deferred - Dec. 31, 1946-,Schedule 17 Construction cost and work in progress.- Contracts - Schedule 19 Other costs - Schedule'19 Due from Special Assessment Fund, - Sewer District'No. 13 -Fund Reserve for contingencies Sewer and water main connection deposits Balance December 31, 1946 Balance January ' 1, , 1947,, Addition s Transfers - Advances1from General Fund From General Fund,.street maintenance to Construction Cost and Work in Progress labor cost.of black topping streets in Golf Terrace Heights, 2Ad addition Total Additions Balance and Additions Deductions: Repayment-of 1946 loans from General Fund- Repayment of 1947 loans from General Fund Total Deductions Balance December 31, 1947 to Exhibit H 57 Schedule 20 Debit Credit s 6 ,p927.65 ,15:419.16 - 18449.41 5p843.43 10.00 1,962.01 565.32- . 44.102.32 46.639.65 A 462639.65 44.10232 $ 38#507.22',V11 106,.29 380612.51 82.715.83 23,937.86 35 2.45 '1_*� 59,230.31 21,485, 2 0 0 0 VILLAGE OF EDINA Permanent Improvement Revolving Fund Statement of Reserve for Contingencies Year Ended December,31, 1947 - Reserves for Special Assessments Receivable — deferredt. Storm sewers No -. 11 14 Mater Main Improvement No. 6 Curb and gutter. France Avenue, 51st to 52nd Streets- Oak Drive Storm sewer- No.. 13 Black topping — Valley View Heights Addi- tion Countryside - ., _Addition Golf Terrace Heights — 2nd Addition Water Main Improvements -. No 11 No. -13- No. 12 Sidewalk — France Avenue., .51st to 52nd Streets Totals Total to Exhibit .H Schedule 21 l 62,01 9..306.51 1 6 8 0 ll 0 2' Reserve for Contirmencies Balance Balance Jan.l, 1947 Additions - Deductions Dec.3101947 514060 v 514.E 417040 417040 503:12 503012 526.89 176.38 350.51- 116.74 116.74 -634.97 634.97 49a71 49.71 953:60 953060 12975:26. 1,975.26 288.92 : 288,92 19.617905 19617605 752 -.33 - 752.33 2,817.65'. 29817.65 — - - - 1000.28 100.28 l 62,01 9..306.51 1 6 8 0 ll 0 2' VILLAGE OF EDINA - - - — -- - - - - - -- Schedule 22 Permanent Improvement Revolving Fluid Summary of Bond and Interest Maturities& Deferred Tax Levies. and Reserve for Uncollectible Taxes ievs ' Total To be., For ,. 2% ., To be Spread Collection Reserve for _ Maturity Principal Interest- Paid In In Amount Uncollectible Oct. 1, 1948 3,000000 ; Apr. is 1949. 1 IM: 00 Oct. is 1949 5;0006'00 1;800.00 11,600.00 1948.. 1949. $ 12,810.00 $ 679.35 Apr. 1, 1950 5,000.00 1,750.00. ;, . - - Oct. 1, 1950 10 000.00 1,700.00 18,450.00 1949. 1950 19,425.00 1,030.17 Apr. 1, 1951 10,000.00` 1,600.00 Oct. is 1951 10 ,000.00 10500.00- 23,100.00 1950. 1951. 24,160.00 1,281.28 Apr. is 1952 102000 00 1,400.E Oct;. 1, 1952 100000.00 10300.00 22,700.00 1951: 1952: 23'940.00 1,269.61 Apr. 1, 1953 10,000.00 1.200.00 Oct. 10 1953 102000.00 1,1001100 22,300.00 1952, 1953 23,520.00 1,2,47.33 Apr: 10 1954 10,000000 4000.00 Oct..l, 1954 10,000:00 900.0 21,900.00 1951 1954 239100.00 1,225.06 Apr, 10 1955 10'000.00 800.00 Oct. 1, 1955 10,000000. 700:.00 21,5OO.00 1954. 1955, 22,630.00 4100.14 Apr. 10 1956 100000.00 600.00 Oct. 10 1956 100000.00 500.00 21 ,0100000 1955, 1956 222210.00 12177.86 Apr, 10 1957 100000;00 400.00 Oct. is 1957 10 0000,00 300.00 20,700.00 1956. 1957, 21,840.00 10158.24 - April 1, 1958 102000.00 200.00 Oct. 1, 1958 10.000.00 100.00 20,300.00 1957 1958: 21.420.0 1.135.96, Totals 180.000.00 ?3i650400 3 203,65o.00 215.055.00 11.405.00 Bonds maturing in 1958 subject to redemption on October 1, 1952 or on any interest payment date thereafter. Schedule 23 Permanent In"vement Revolving Find Analysis _of Chanwes in Surplus — Year Ended December 31, 1947 — Additions: Accrued interest on $180,000.00 of bonds sold Schedule 15 79448 Interest spread on deferred assessments certified to County for collection in 1948 — Schedule 17 1:972.06 Total Additions 2905164 Deductions Accrued interest on $90,000.00 of investments purchased.— Schedule 15 234.48 Balance December 31, 1947 to Exhibit H $ 1:817.06 60 0 E VILLAGE OF EDINA Workiniz Capital Fund Statement of Income and Expense - Year Ended December. At 1947 - i Rental Income: International truck G.M.C. truck Roo truck 1934 Ford truck Diamond T.- track M.M., tractor No. 1 M.M. tractor No. 2 Road Patrol No. 1 Road Patrol No. 2 Power lawn mower 15B'Gas shogel Jerry scythe Sander... 1942 Ford tudor 1946 Ford truck No : -.4' . 1946 Ford truck No. 5. 1947 Ford truck No. 6 1947 Plymouth 1946 Ford police car Air compressor Pumps 191,2 Ford sedan . International fire truck'No. l American La France fire track_ No. 2 Mower attachment Lull loader - Concrete mixer Weed sprayer Indirect expense .Tool house expense Total Rental Income Sale of supplies Totals 61 Gross Income $ 2,639.45 .2,443.25 ,2,446.15 ;19002:08° 47.85 474.11 251.22 !1,955:34 :2, 516.92 i 172.07 .1,043. 69 30.92 67:71 872:90 `795.80 500:00 1 298.60 �'805.85 2,786.90 i 277:49 ! 119.33 321.20 748.20 ! 50.00 343•.15 112.75 31.04 0 23,203.97 23.213.68 l i 4 I i EXMIT I Expense Net Schedule 24 Income 900.47 744.07 526:13 370 :51 .40'16 . 379.79 232.80 1,622.16 1 :112.14 155.95 1,093 :69 12 :42 20.76 567.22 244.62, :219:65 100.24 779.05 2,250.40 137.49 . 7 :73 209:71 130.35 23.00 47.86 105.95 2.25. 9.04 1, 593.40 1, 556.43 8 1,738.98 1,699.18 1,920 :02 631.57 7.69 94.32 18.42 333.18 1,404.78 16.12 18:50 46.95 305.68 551:18 280.35 198.36 26 :80 536.50 140.00 111:60 111.49 617.85 23!CO 2:14 237:20 110.50 22.00 1,593®40 1,556.43 $ 15,195.44 $ 8,008.53 15.19 A 82018.24 0 0 uinment Direct Charges: International truck G.M.C. truck Reo truck 1934. Ford truck Diamond T truck B.M. tractor No. 1 M.M. tractor No. 2 Road Patrol No 1 Road 'Patrol No. 2 Power lawn mower - 15B Gas shovel Jerry scythe Sander - 1942 Ford tudor 1946 Ford.track No 4 1946 Ford • truck No' 5 1947 Ford truck No. 6 1947 Plymouth 1946 Ford police car Air compressor Pumps 1942 Ford sedan_: International fire truck No. 1 American La France fire truck No. 2 Mower attachment Lull loader Concrete mixer steed sprayer Total Direct Charges Indirect Charges: - Gasoline Supplies Labor Advertising for bids Liability and property damage insurance Total Indirect Charges .Tool House Expense:. Light Fuel Telephone and telegraph Caretaker Maintenance - labor j Maintenance - supPlies Fire insurance i Total Tool House Expense Total Expense to Exhibit I VILLAGE OF EDINA 299:33 467:37 689 :79 79 -85 57.06 1.593.40 157 :48 .516 :43 133:95 j 300 :56 159 :85 127 :28 160.88 Schedule 24 Working Capital Fund Statement of Distribution of Expense Year Ended December 31, 1947 - Gasoline Tires'' and Oil and.Tubes Parts Labor Supplies Insurance Total 476 0'88 86 :22 74 :00 186 073 8 25:62 51 0"02 900 0'47 351 600 89 :25 63 :08 176:68 13 :09 50 :97 744 :07 315 -99 56.00 10.70 99 :71 1.30 42.43 526.13 134.84 43 :29 .146 :59, 10.44' 35.35 370651 40 :16 40.16 147 :20 3908 32.06 no. 0 -5.14 45.92 379.79 118 0'69 22.10 50 :61 41.40 232.80 425:79 246 004 671.21 285.80 4.40 45.92 '1,622 616 425 82 15.53 175.37 404.41 91.01 10112.14 13 :42 47.71 88;71 6.17. 155.95 148.40 332.04 515.41 24.59 73 :25 1,093 069 2.50 3 0'45 6.47 12 -42. 2 :35 18 :41 20.76 169 :97 109 :52 106 :73 123 0'80 224186 34.34 567.22 146 :68 2:69 19.52 44:71 035 30.67. 244 :62 120 :85 33.15 - 23.7.0 10:89 31 :66 219 :65 60 023 4:60 306 4.77 100.24 250 :48 13 :96 357 :03 -. 143 :55 14:03 `779:05 964 :13 155454. 559-009 492437 44.23, 35:04 2,250:40 52085 2.44 71.68 7002 _ 3.50. 137 -'49 - 2.08 .5 065 7073 79:37 5.24 35.41 54 :85 :50 34.34 2096'71 32 070 13 :91 26 025 .47 57 :02 130 :35 19.50 1 20 430 23 000 47:86 47 :86 97.90 :8105 105:95 . 2 :25 2.25 1x60 2.84 4.60 9.04 6.458.47 $ 857031 9 20730.23 30069.86 $ 249.95 679.79 12.045.61 299:33 467:37 689 :79 79 -85 57.06 1.593.40 157 :48 .516 :43 133:95 j 300 :56 159 :85 127 :28 160.88 • VILLAGE OF EDINA Schedule 25 Working Capital Fund Statement of Receipts,jAsbursements, and Balances — Year Ended December 31, 1947 —. Receiptas . Rent of equipment to private party :.�$ 53:.62 Sale of supplies 9471 :Transfer. from General Fund 12.690.28 Receipts and Transfer 11,753.61 ;Disbursementsa, Gas.and oil . $ 4,45$.47, Tires and „tubes 857431.- —Parts 2,730.23 Labor ..;. 3,069.86" Supplies 249.95;, Insurance 679.79„ Tool house — Light 157.48 . Fbel 516.43 ,Telephone 133.95;, Caretaker 300.56_ Maintenance - labor „ 159.85.. - supplies 127.28., Fire insurance 160.88 _ Indirect, _- -Gas 2"•33 Small tools and supplies „ 467.37 - Labor Labor 689.79. Advertising for bids 79.85, Liability and property damage 57.66. Total Disbursements _ - 15,195.44 _ Balance (deficit) December, 31, 1947 to Exhibit'A i �.1sr41.83 63 0 C 0 VILLAGE OF EDINA Waterworks Fund Balance Sheet — December 31, 1947 — Assets Cash - Schedule 28: Capital expenditure account Unappropriated earnings account Sinking and interest account Accounts Receivable.— Schedule 29s Customers Village Inventories: Pumping supplies Distribution supplies Meters Fixed —,Schedule 27: Land Buildings W63-Is' Pumps and piping -Tank and tower Distribution system 1923 -1928 1929 to June' 30,. 1947 Acquired by special assessment 1947 Office equipment Tools Deferred: Debt and-acquisition expense Unexpired insurance Total .Assets Liabilities and Surolus Accounts payable Salaries payable Accrued interest payable Due to other funds General .Fund Working Capital Fund Waterworks revenue bonds — Schedule 30 Surpluss From excess value of assets acquired over cost Assessed property contributed Earned Total.Liabilities and Surplus 64 EXHIBIT J" $ 5,538.24 6,581.E 3,6,11.00 5,127.63 . 171.10 246.00 521.06 597.99 5; 8OO.65 2,824.50 13,986.81 12,657.12 5,191.20 53,271.58 78$64.45 95,845.63 9,387.86 207.68 537.50 2,674.14 259.38 1303.433.32 8 _528.07 20.00 1,992.50 1,554.96. 598.95 150,000.00 39,948.15 105;239.29 3.551.!,0 0 2 0 . • 0 VILLAGE OF EDINA. Waterworks -Fund Statement bf.Income -and Expense — Year Ended December 31'. 1947 — Operating Incomes Sales-*-- water Schedule 29 Meters.e Sales. Cost. of- sales... Gross profit on meter sales Permdts Tapping; charges Street opening . Penalties Onallocaied.receipts .; .Total Operating Income Operating Fxppnse: Pumping Water,,purchased Power - Labor Supplies . Service,charges in lieu of taxes Equipment'rental. Depreciation Total ,pilmping Distribution — Labor General Supplies Service charges.in lieu of taxes Meter repairs Labor Parts Repairs to mains Equipment rental Depreciation Total distribution Administration — Salaries — Clerical Meter reader Office supplies Postage_ Travel 65 $ .787.00 752.02 Schedule 26 $ 152856.27 .34.98 245.00 176.50 180.(10 118:12 164 16,.612.51 $ 420.36 3,030.58 :. .692.27 44.04::., 207.33 299.47 575.12 5,269.17 648e79 342,28 1,347.63 275,05 49.01 119.36 149.74 1.530.38 . 4.462.24 $6 695.66 WON, 218.08 42:.50 j 10.00 VILLAGE OF EDINA Operating Expense: Administration (Continued) •Insurance. : 77.03 Equipment rental. 149.74 Depreciation 5.32 Total administration 1;,436.65 .Total Operating Expense 112170.06 Operating Income 59442.45 Other Deductions: Amortization of debt acquisition expend -'2970'05 Interest on bonds 1.594.00 Total Other Deductions 1,591yO5 let Income Water Utility: Land Buildings 50th and Vdooddale - No. 1 50th and Wooddale - No. 2 53rd and Halifax Total Buildings Wells - 50th and V7ooddale = -No. 1 50th and Wooddale - No. 2 53rd and Halifax Total Wells Pumps and Piping - 50th and Wooddale - No. 1 50th and Wooddale - No. 2 53rd and Halifax, 53rd and Halifax Total Pumps and Piping Tank and Tower- - 50th and Wooddale. 50th and Wooddale Total Tank and Tower Distribution System - 1928 and prior 1929 to 1945 1946_ 1947 Additions by'special assessments - No. 1 1941 No. 2 1941 No: 3 1947 No: 4 1947 No: 5 1947 No: 6 1947 No 7 1947 VILLAGE OF EDINA Schedule 27 Waterworks Fund Statement of Fixed Assets and Reserve for Depreciation - Year Ended December 31, 1947 - Reserve for Depreciation Original 1947 Per July to Depreciated Plant Additions Total Rate Appraisal. December 1947 Total Value 5.800 ".65 52800.65 211Wam 8 2,190.00 2 % 474.57 21.90 496.47 6 1,693.53 892.80 892.80 2 167.04 8.93 175.97 716.83 31.00 383:14 414.14 2 9,522.83 224.07 9,74,6.90 414.14 3,113.80 $ 383.14 3,496.94 $ 24$62 :39 $ 641.61 8 30.83 672.44 8 ?,824.50 76,166 060 8,385 :89 507 -78 $ 4;424 044 42424.44 2 958.78 . 44.24 1,003.02 3,421.42 52447.44 55P447 :44 2 1,071.51 54.47 12125.98 42321.46 6.307.00 6.307.00 2 148.08 63.07 63.07 6.2G3.93 16,178.88 $ 162178.88 35.74 " 2x030.29 $ 161.78 20192.07 131986.81 7,948.92 7,948 :92 4 3,444:27 158 :98 $ 3,603.25 $ 4,345 :67 7,331 -00 :7,331 :00 4 2,641.52 146.62 2,788.14 4,542.86 ,.3,118.67 3,1180'67 4 62 037 62.37 3,056.30 '610328.20 $ 726.83 726.83. 4 14.54 14.54 712.29 $ 113 -98- 09 9 726.83. 4 19.125.42 6.085.79 $ 382.51- $ 6,468030 9 12.657.12 $ 13,318.65 6 13,318.65 3 6 9,522.83 $ 199 :78 $ 9,722 061 0 3,59b.o4 $ 1,619.45. 1.619.45 3 24.29 24.29 1,595.16 13,318.65 $ 12619.45 -8 14,938010 9,522.83 224.07 9,74,6.90 k 5=191.20 6 78,155 :00 $ 78,155 0-00 1 113 $ 24$62 :39 6 521 0'03 0 24,883 0'42 $ 53,271:58- 76,166 :60 76,166 060 8,385 :89 507 -78 8,893 0'67 670272.93 11.,317.87 - 11,317 :87 150.90 75.45 226.35 11,091 :52 $ 196.25 196.25 196.25 22,211.40 22,211:40 1,628,82 148.08 10776090 20,434 :50 5,3610 5,361.80 393.20 35.74 428.94 4,932 :86 12,132 074 12,132074 12;132.74 15,919 :25 15,919025 15,919.25 20,6499-11 20,649:11 20,649.11 3,779 :71 32779 :71 3,779.71 62328.20 '610328.20 6,328,20 6r� Water Utility: Distribution System - Additions by special assessments: (Continued) No. 8 1947 Nos, 9 1947 No. 10 1947 Wooddale.from Golf'Terrace to 55th Street 1941 Edina Court 1940. Total Distribution System Office equipment Tools Total Water utility 68 VILLAGE OF EDINA - Schedule 27 'Waterworks Fund Fixed Assets etc. (Continued) Reserve for Depreciation Original 1947 Per July to Depreciated Plant Additions Total Rate Appraisal December 1947 Total Value 9,166.35 99166.35 9 2166.35 5,398:16 5 ;398 -16 5 2398.16 3,793045 32793045 3,793.45 1;735.00 1 ;735.00 127.22 11,56 138.78 1,596.22 12000.00 12000.00 86.64' 6.67 _ 93.31 906.69 263.923.03 9,387.86 273.310.89 35.135.06 1,306.31_ 36,441.37 $ 236,869.52. 21300 213.00 5 5.32 5.32 207.68 537,.50 537,50 537.50 3213484.10 1.2 117.28 333.601.38 53.415.58 2,110.82?'S 55,526,40 278,074.98 68 0 VILLAGE OF EDINA Waterworks -Fund Statement of Receipts. Disbursements, and-Balances -Year Ended December 31, 1947- Receipts: Sale of bonds Accrued interest on bonds sold Collections on accounts receiv- able - Schedule 29 Sale of - Water connection permits Meters Tapping permits Street opening Unallocated Total Receipts Transfers from: Capital Expenditure Account for working capital Unappropriated Earnings Account for accrued interest on bonds to December. 31, 1947 Unappropriated Earnings Account for b /24. of $59000.00 princi- pal of bonds maturing July 1., . 1949 Total Transfers Receipts and Transfers. Schedule 28 Funds Unappro- .Capital pr ated Sinking and Expenditure Earnings Interest Total Account Account Account $150,000.00 $150,000.00 398050 398.50 100675.66 $ 10,675.66 245000 245.00 787.00 787:00 176.50 176:50 180.00 180;00 1.64 1.64 $16224U.3g 8150,000.00 12006 39800 Water purchased 5,000.00 5,000.00 1,992.50 $ 1,992.50 3s 0.00 1.250.00 8,242.50 9 5 =000.00 0 jx242.50 $170,706.80 U50,000i00 S 17,065.80 3,641.00 Disbursements: Operating expense - Pumping -.. Power purchased 23672.44 , 2,672.44 Water purchased 299629 299.29 Labor 692.27 .692.27 Supplies 39.10 39.10 Distribution - Labor 648079 648079 Meter repairs 275.05 275.05 Repair of water mains 75044 75.44 Salaries - meter reading 22002 220-32 Administration - Salaries 695:66 695.66 Office supplies 218.08 218008 Postage 42.50 12050 Travel 10000 10.00 Insurance 336.41 336.41 69 0 r� 9I.LL?0r OF EDINA Schedule 28 Waterworks Wand Receipts etc (Continued) - - -- - Unapparo. Capital priated Sinking and g2pMditure Wings Interest Total Account- Account.. Account Disbursements: Operating expense — (Continued) Accounts payable 112.24 122.24 Inventory of meters 854.90 854.90 meter parts 49.01 49.01 Capital outlay .- Purchase. of assets from Country Club District Service ,. COmparY 133,564.90 6133,564.90 Acquisition expense 2,971.19 2,971.19 Tank 4619.45 1,619.45 Distribution system 196.25 196.25 Pump house 53rd and HAW= — Buil.ding 363.14- 383-14 Pumps and piPiM 726o-82 726083 Total Di ®bnrsements 146 703,26 fi13g�14g,* 7„2 Transfers to: Unappropriated Earnings Account for working capital 5 :000000 5,000.00 Sinking and Interest Account for accrued interest on bonds -to December 31,1947- 1p992.50 4992050 Sinking and:Ihterest Account for 624 of . 45,000.00 prfncipal of bonds maturing duly 1. 1949 _. 142500.00 1.250.00- Total Transfers 8IL242 .50 A 5x000.00 t 3,242.50 Disbursements and Transfers 81549945.76 81"11461 ,76 10,,48440 Balance December 31-,.1947 to Exhibit d A 6 A C&I an t., . An r L • 0 VILLAGE OF EDINA Waterworks Fund Accounts Receivable Statement of Charges and Collections — Year Ended December 31, 1947 — Charges: July, August, and September October, November, and December Penalties Total Charges Collections Balance December 31, 1947 to Exhibit J A Schedule 29 Total Customers Villan 10,553.33 $ 10081.77 171.56 5,302.94 5,281.84 21.10 118.12 118.12 4 15,974.39 $ 15,781.73 $ 192.66 10,675.66 10,654.10 21.56 5J29M A 50127.§2 $ 171.10 Ll VILLAGE OF EDINA Schedule Waterworks Fund Summary of Bond Maturities and Interest Total to maturity Numbez Principal Interest be Paid Waterworks Revenue Bonds of.1947 Dated duly 1., 1947 Interest rate Nos. 1 to 57, Incl. 2j%�, 58 to 150-incl. 2 3/4% Sold to Allisonillisans Company Principal due September. 1: 1948 0 4,649:04# 4,649:04 1949 11-5 6 %0004-00 3,98500 8,985400 1950' 6- o 53000.00 .3 #860:0o 8,86040 1951 3-1-15 5000040. 3,73540 8,73540 1952 16-20 5,00000 3x610.00 8,610.00 1953 217 7;000.00 3,.485.00 109485.00 1954 28.34 7;OOO.00 : ..3310.00 1©310:00 1955, 35-41 7s0OO,C 33,135.00 10,135:00 1956 42-48 ,7,000:00 2,960:00 9,960.E 1957 49-56 8,000.00. ,29785.00 10,785400 1958 57=64 8,000.00: 2,585.00 1,58540 1959 .65-72 8,000.00 2,365.00 10,365.00 �- 1960 .. - 73--80 8,000.00 w - 2;;145.00 10145.00 1961 8190 10,000.00 19925.00 11;925:00 1962: 91 -1A0 10,000.00 1,650:00 11x650.00 1963 101 -110 10,000.00 1;375400 11;375.00 1964- 111 -120 10900(1;00 1 #100400 11,100:00 1965 121 -130 10,00040 82540 _10,825400 1966 131 --140 109000.00 530.00 10,550:00 1967. 141-150 102000.00 275:00 10,275.00 Totals 1 0 000 -00 A,50xX2iPA 920O X09 04 72 VILLAGE OF EDINA Schedule 31 Garbage Fund Statement of Income and Expense — April 1, 1947 to December 31, 1947 — Operating Revenues Garbage collection charges — April 1, 1947 to September 30, 1947 4-,667.55 .October 1, 1947 to March 31, -1948 4,646.75 ,.Total Garbage collection,charges 9,514.30 Deductchargee from danuary.l,.to,March 31, 1949 . 2j423,38 _ Garbage coll.ection ,charges. Penalties _ 13005 Penalties on delinquent accounts certified to County for collection with taxes-in 1948 39.30 Total Operating;Revenue_� 7,260,51 a Operating Expense: Garbage collection services; 6,351008- Publishing Stationery and supplies 76.30 Clerical services (due -to General-Fund) _ 300:00 Total Operating Expense 6,742.89 Net Income 517.69 73 Qarba" Fund - Statement of Receipts, Disbursementsi and Balances . April 19 1947 to December 31, 1947 — Receipts: Collections on account .81718.40 Penalties 83;10 Total Receipts 8.801.5fl Disbursements: Services — garbage collector 5,536696 Publishing 13050 Stationery and office supplies' 78.E Refund overpayment of account 3.30 Total Disbursements L 58632.06 Balance December 31, 194.7 1 3810 5 VILLAGE OF EDINA Schedule 33 Garbage .Fund Accounts Receivable Statement of Charges and Collections — Year Erided December 313, 1947 — Charges:' April 1, 1947 to September 30,. 194.7 4667.55 06t6ber 19 1947 to Larch 31, 1948 4,846075 Penalties 130i35 Penalties on delinquent accounts certified for collection in 1948 39.30 Refund of ,overpayments 3630 "Total Charges $ 92687.25 Deductions,. Collections by Village $. 8,80150 Acc6unts "receivable certified to County for collection with taxes- 415.30 Total Deductions $ 92216.80 Balance December 31, 1947 to Exhibit.A 470 75 Operating Revenues Sewer rental charges April 1 to September 30 $ 3,631.90 3,353.00 October 1 to March 31 3.78845 3;441.00 Total sewer rental - charges. 70420.35 60794000' r Add charges from January.l to April 1 12720050 1.639.50 ;Total �. .a 9,140.85 .8,433.50 . Deduct charges from January.l to., March 31 1.894.23 1.720.50 Total sewer rental charges 7,246:62 69713.00 Penalties 70680 93.65 Interest on investments 128:98 37.00 Penalties on delinquent accounts . certified to County for collection with taxes 30.40 1700 Total Operating Revenue 7.476:80 6.862.35 $ 614.45 Operating Expenses - Sever maintenance and sewage treatment service charges 4,427.40 6 4,077.72 Water service 100.00.. Labor .658007 328.71 Power 25.31 11,52.---. Ihaurance 31.42 Stationery9.supplies, and postage 61.50 50.17 Salaries, office 300,00, '700.00 Rental of Village equipment 150.65 Total Operating Expense ' L744.35' 0 5,168.12 576.23 Net Income 1.732.45 1.694.23 38.22 r 76 31 VILLAGE OF EDINA 0 77 Schedule 35 Sewer Rental Fund- Analysis of Operating Suralus Years Ended December 31, 1947 and 1946 - Year. D ®cember..l Increase 1947 : 1946 Decrease Balance January 1 7,596.76 Q 72751.13 154.37, Adjustments: Adjustment of revenue for.year 1946 a 81.00 81 ®00 . Adjustment for revenue billed in advance during year 1946 1.720.50 1,720.50 Adjusted Balance January 1 7.596.76 6;111.63 1,485;13 Additionsa Adjustment of taxes receivable-. $ 9.90 Net income for year. from Schedule 34 1,22224.5 11694.23 Total Additions 0 1,732.45 1.704.13 28.32 Balance and Additions.. 86 9.329.21 79815976 1,513.45 Dedactionss Transfer to surplus invested in fixed assets $6 219.00 Cost of franchise of May 21, 1923 acquired from Country.Club District Service Company _100.00 Total Deductions 100.00 219.00 319000 Balance December 31 to Exhibit A 22 *21 6 7.596 *76 S 1.632.4 0 77 VILLAGE OF EDINA Sewer Rental Fund Statement of Receipts. Disbursements, and Balances-. Years Ended December 31s 1947 and 1946 Schedule 36 0 78 Year Ended December Increase 1947 _11 1 Decrease Balance. January 1 22825.56 $ 2,187,45- -'638-11 Receipts:, Collections.onaccounts receivable 7s,196*30 6s,58300 Spec ' ial assessments Collected by County 183.75 264-30 Penalties -70i.20 - 91:85 Interest on investments. 140.90 .136.78 Proceeds from sale of investments, 5'.996�25 Total Receipts 13x5_87o40 7,076.41 6g510*97 Balance.and Receipts 164-1412'M :0 9':263J8 7j,149*08 Disbursements: Sewer maintenance and sewage treatment"- service charges 2#175* 16 4-i077'972 Labor 658'07 328.71 Po*er. 15:31 11-52 Salaries clerical 700.00 Stationery,, supplies,,,a:nd postage 61*50 50-.17 Premium and accrued interest on investments purchased 0.17 51.20 Purchase of investments 69000X0 -19000.00 Insurance, .31.42 Release'for sewer franchise with Country Club.District Service Company 1904,00 Fixed assets acquired Migo Total Disbursements 9,049.63 ----------- 6,438.32 --------- 2,611,31 Balance December 31 1 2p362.31 a 2i825.56 6 4O537*72 0 78 5 VILLAGE CF EDINA Schedule Sever Rental Fund Accounts Receivable Statement of Charges and Collections Ydar Ended December 31, 1947— Balance January 1,.1947 •303.00 Charges: April 1 3,631.90,. October 1 3,788.45 - Penalties - 101.20 _ Total Charges 7.521.55 Balance and Charges $ 7,82405. Credits: Collections'by Village — Principal 72196030` Penalties 70.20 �' Certified to County for collection — , Principal. 286000 Penalties" 30.40 Total Credits 7.582.90 Balance December 31A,191+7 to Exhibit A 79 VILLAGE OF EDINA Schedule 38 i . General Fixed Assets - Year.Ended December 31, 1947 = Machinery and Equipment Protective Furniture Total Land Building HigtgM Police Fire Inspection and Fixtures Balance January 1, 1947 90.697..88 t, 12,770..00 fi 202261.29''$ 4&W7.52 .4,564.44 $ 5:11q.5� 1;865.0$ Additions " Encumbrances 1946- Schedule-4 $ 11,686050 :° .. 11:,161050 $$ -.525. Expenditures 1947- Schedule 3 17,:4844.13 22025.00 90691.05 1,123.40 2,032000 1,167.40 1,1,45.28 Trade in allowances 235.50 250.200 650.00 35.50 Total Additions 302106.13 2.025.00 9.941.05 1,773.40 131193.50 1.167.40 4 2,005.78. Balance and.A.dditions $120. 804-01 4. 14,795.00 20,261.29 56,058.57 6 7. ,33 84 18,313.05 1,167.40 6 3,870.86 Deductions: Fixed assets sold 1,367.a 225.00 1,130.05 12.50 Balance December 314 1947 to :- Exbibit A 6.l 14.795.00 20.261.29 5'.833.57 5.207.T9- 18 313.05 1.167.40 $$ 3:858.36 9 VILLAGE OF EDINA Schedule 39 MuniciDal Court Statement'of Fines,and'Costs Imposed and Collected - 7ear'Ended December 31* 1941'—, Total Village County State Fines and costs imposed $' 30497000 6 30437.00 $ 18.06 42.00 -Collected 7.4 8.00. 3.418.E 18.00 42.00 - Uncollected December 31, 1947 DAM 9 1 00 — :k micipal Court Statement of Fines and Costs Collected and Transmitted — Year•Ended December 31, 1947 — Total Village County State Fines and costs collected 3;478.00 $ 3pt,18.00. 18.00 `.,42.00 Transmitted 3.470.00 -- 3a470.00 Balance December 31, 1947 8.00 52.00 18.00 2.00 Cash on hand with Clerk of . Municipal Court to Exhibit A 8 8400 Due to-County and State to Exhibit A 60.00 $ 18.00 4.2. 00 I r1 u Buildings and Contents: Village hall Village hall furniture and fixtures Tool house Tool house contents Water tower Pump house No. 1 -Pump house No. 1 contents Pump house No. 2 Pump house No. '2 contents Pump and machinery shed Pumps_and.machinery shed contents Automotive:. Highways 1934 Ford V-8 la ton truck . 1940 International dump truck 1941 Reo dump truck 1942 Ford sedan 1942 Ford tudor - 1944 G.M.C. dump truck 1946 Ford pick-up 1946 Ford pick-up 1947 Ford pick-up 1947 Diamond T dump truck 1940 Diesel road patrol 1946 Diesel road patrol 1945 M.M. tractor with Lull loader 1947 M.M. tractor 15B Gas shovel Tora power mower Jari power scythe Air compressor Snow fence . Police Department 1946 Ford tudor 1947 Plymouth Fire Department 191+2 International 1947 American - La France Other Insurance-, Non- ownership - Automobile liability Contractors and manufacturers public liability for street and road construction workmen. VILLAGE OF EDINA Insurance -.In Force December 31, 1947 -. Coveri Schedule 40 Fire and Fire and Public Property Extended Comprehensive k`ire Theft Windstorm Liability Damage-__ $ 4280000 1,000.00 14,000.00 $ 3 ,0000.00 .20,000 :00 .500:00 2,000 :00 1,500:00 5.,000 :00 250 :00 1,200.00 .150:00 1500'00 150000 $25/500000.00 $ 5,000.00 2,700000 2 ;700 0'00 22700.00 25/50 ;000:00 5 ;000.00 1,300.00,. 1,300.00, 1,300.00, 25/50,000.00. 5;000.00 1. ;000 :00 25/50,000WOO 5 ;000000 1.000.00 25/50;000 :00 5,000.00 3,00a:oo 3,000 :00 3,000 -00 25 /x;000 :�. 5,000 :00 1 9000 0,00 1;0006-00 1 ;000:00 25/50,000 600 5 2000000 1;000 000 1;000 000 1 ;000 000 25/50,000 000 5,000:00 1;173000 1 ;173 000 19173 000 25/50,000.00 5_,000000 4 ;000.00 4`,000 :00 -. 4 ;000,00 25/50,000 :00 5,000.00 2 1000 000. :2 ;000a0 2;000 :00 25/50 ;000 :00 5 1000, :00 8,081:00. 8,081 :00 8;081 :00 25/50,000.00 5. ;000:00 2 ;000 :00 2;000 :00 _.2,000,00. 25/50,000:00 5 ;000.00 2,630'00 2;630,00 2;63o,00 25/50.000 :00 5,000.00 6,000000 6190001'100 6,000;00 25/50,000 0'00 5,0006-00 1000,00 100.00 100.00 25/50,000.00 5,000.00 150.00 .0 1500 150.00 25/50,000.00 5,000.00 500.00- 500-0011- 500.00 1,000.00 1 '010 600 25/50,000.00 59000.00 1,700100 25/50,000.00 5,000.00 5 ;000.00 %000.00 5,000.00 25/500000.00 5,000.00 31,000.00 119000400 11,000.00 25/50,000.00 5,000.00 25/50,000100 5,000.00 25/50,000100 52000.00 VILLAGE OF EDINA Schedule 40 Insurance " (Continued) Coverame Fire and Fire and Public Property Extended Comprehensive Fire Theft Windstorm Liability Damajze Other Insurances (Continued) Waterworks Operations and sewer cleaning 100/200,000.00 5/25,000000 - Property floater- on fire equipment • of the City of Hopkins when in Edina 102000.00 Property floater on fire equipment.of the City of Minneapolis when in Edina 10,000.00 Edina Volunteer.Fire- Department group accident policy (Maximum $3,000.00 each fireman) Minnesota Workmen's compensation and employers' liability policy VILLAGE OF EDINA Natxonat state tiam casn on Bank and First Edina Waterworks Hand with . Total '—,Trust Company State Bank Fund Village Clerk . December 31. 1947 Office balance — Exhibit.A 1312183.94 1039043.33 27,666.21 474.40 Add outstanding checks- 1,541.99 142.50 1.399.49 Bank balance 132.725.93 103.185.83 $ 29.065.70 47 April 8...1948 Office balance 122,248:88 53,233.53 650763.11 474.40 2,777.84 Add outstanding checks 580.06 580.06 Hank balance and cash.on hand 6 1221828.94 : 530,233.53 $ 66.343.17 :0 474.40 20777.84 Securitys Collateral U. S. Treasury bonds - March 15, 1958 $ 1001000.00 U. S. Treasury bonds - December 15, 1949/53 $11010000.00 U. S. Treasury bonds - March 15, 1950/52. 25.000.00 Total Collateral $ 135,000.00 $ 100,000.00 - FedoriiI.-Deposit,,,Iasurance- Corporation° 5,,000.00 5.000.00 Total Security.' 140.000.00 105.000.00 Depositories designated January 13, 1947 r- VILLAGE OF EDINA. Official Bonds — December 31, 1947 Schedule 42 Amount _ Date of Date of Name of Official of Bond Surety Company Bond Exuiration Filed with '. Clerk Bower Hawthorne 500.00 The Travelers Indemnity Company Jan. 12•1947 Jan. 1.,-1949 Village Clerk Deputy Clerk and Deputy Treasurer Gretchen I. Schussler 3,500.00 Standard Accident Insurance Company Jan. -1, 1947 Jan..1, 1948 Village Clerk Clerk of the Municipal Court - Gretchen I. Schussler 1,000.00 Hartford Accident and Indemnity Company Jan.13,2947 Jan.13, 1948 .Village Clerk Treasurer J-. J. Duggan 7,500.00. National Surety Corporation Jan. .1...-1946, Jan.: 1,- :1948 Village Clerk. Assessor Alex Creighton 500.00 The Travelers Indemnity Company Jan. 3, 1947- Jan. 3,1949 :.County Auditor y Constable .Hilding.Dahl 500.00 American Surety Company of New York. Jan. 1, 1946 Jan.. 1, 1948. village Clerk