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Home My WebLink About1948 Financial Affairs0 0 Vilage of Edina Table of Contents Comments and Recommendations Organization Combined Balance Sheet Taxable Valuations, Tax ?levies, and Pates Summary of Receipts and Disbursements General and Poor Funds Balance Sheet General Fund - Analysis of Changes in Surplus Municipal Court Pines - County and State - Collected and Transmitted Taxes Receivable Classification of Receipts Classification of Disbursements' Special Assessment Funds -Combined Balance Sheet' Sever District Funds -_ Balance Sheet Water Main Improvement Funds - Balance Sheet Special Assessment No. 1 Fund. - Balance Sheet Investments Statement of Current and Deferred Special Assessments Statement of Delinquent Special .,Assessments Bonds Payable Bond Maturities and Interest Payable to City of Ydnnespolis for Portion of Coat for Sewage Disposal Plant and Interceptor Sewer Outlet Summary of Receipts and Disbursements Classification of Receipts Classification of Disbursements Statement of Transfers Reference Exhibit A Exhibit B Exhibit C Exhibit D-1 E: thibi t . D-2 Schedule D-1 Schedule D-2 Schedule D-3 Schedule. D-4 Exhibit E-1 Fxffiibi t E-2 Exhibit E-3 Exhibit E-4 Schedule E-1 Schedule E-2 Schedule E-3 Schedule F-4-a Schedule E-4-b Schedule E-5 Exhibit E-5 Schedule E-6 Schedule E-7 Schedule E-8 P 1 -19 20 21 22 23 24 25 -26 27 28 29 -31 32-43 44 45 46 47 48. 49 50 51 52 54 55 56 57 0- Village of Edina Reference Permanent Improvement Revolving Fund Balaz}ce Sheet Exhibit F-1 Analysis. of Changes in Surplus Bihibit F -2 Statement of Receipts and Disbursements Schedule F -1 Statement of Current and Deferred Special I -3 Statement of Receipts and Disbursements Assessments Schedule F - -2 Statement of Delinquent Special Assessments Schedule F -3 Due from other Funds Schedule F-4 Statement of . Construction Costa Schedule 'F -5-,a Statement.of Construction Costs and I -3 Construction in'Progress Schedule F-5-b. Water Main and Sever Connection Deposits Schedule F -6 Due to General Fund Schedule F -7 Statement-of Reserve for Contingencies Schedule F -8 Debt Service - Funds Balance Sheet Exhibit G Permanent Improvement Revolving Fund. Bond Sinking Fund No. 1 Bond and Interest Maturities, Deferred Tax Levies, and Reserve for Uncollectible Taxes Schedule G-1 Permanent Improvement Revolving Fund Bond Sinking Fund No..2 Bond and Interest Maturities, Deferred Tax Levies,. and Reserve for Uncollectible Taxes Schedule G-2 Working Capital Fund Balance Sheet Analysis-of Changes in Unappropriated Surplus Statement of Income and Expense Statement of Distribution of Expense Statement of Receipts and Disbursements Waterworks Fund Exhibit H -1 Exhibit H-2 E d ibit. 11-3 Schedule H-1 Exhibit H-4' Balance Sheet Exhibit I -1 Analysis of Changes in Surplus Eaddbit I -2 Statement of Income and Expense Exhibit I -3 Statement of Receipts and Disbursements Exhibit I-4 Summary of Accounts Receivable Schedule,I -1 Statement of Fixed Assets and Reserve for Depreciation Schedule I -2 Summary of Bond and Interest Maturities Schedule I -3 Garbage Fund 58 59 60-61 62 -63 64 65 66-67 68-69 ?0 71 72 -73 74 75 76 eY ] 78 79 80 -81 82 83 84 85 -86 87-88 89 90 -91 92 Balance Sheet Exhibit J -1 93 Analysis of Changes in Surplus Exhibit J -2 94 Statement of Income and Expense Exhibit J -3 95 Village of Edina 0 Reference Garbame Fund (Continued) Statement of Receipts and Disbursements Exhibit J-4 96 Summary -of 'Accounts Receivable Schedule J -1 97 Statement of Delinquent Special-Assessments Schedule J -2 98 Sewer Rental Fund Balance Sheet Exhibit=K 1 99 Analysis,of Changes in Surplus Exhibit K:2': 100 Statement of Income and Papense Exhibit g -3 101 Statement of Receipts -and Disbursements Exhibit-g -4 - 102 Summary of Accounts Receivable Schedule K-1 103 Statement of Delinquent Special Assessments Schedule K-2 104 Municipal Liquor Dispensary Fund Balance Sheet Exhibit L-1 .105 Analysis of Changes in Surplus Eahibit'L -2 106 Municipal Liquor Dispensary = Statement of Income and Expense Exhibit L-3 107 -108 .. Statement of Receipts and Disbursements Exhibit Ir4 109 Fixed Assets Schedule L-1 110 Summary of Bond -and Intereat'maturities Schedule L-2 ill General. Fi22d. Assets Exhibit M 112 Municipal Court Exhibit R 113 Official Bonds Exhibit 0 114 Security for Deposits Exhibit P 115 Insurance- Exhibit 116 -117 .Copies of .betters from the Edina Park Board December 10, 1948. Exhibit °R" 118 January 24, 1949 Exhibit "S" 119 Tract Chart Exhibit "X" 120 Tract Chart Exhibit "Y" 121 Tract Chart Exhibit "Z". 122 0 Village of Edim or This report covers an examination of the financial affairs of the Village of Edina, Hennepin County, for the year ended December 31, 1948. Examination was made September 199 1949 pursuant to request of the Village Council as provided for in M. S.A. Section 215.20. The financial condition of each of the Village funds on December 31, 1948 is shown in the Combined Balance Sheet, Exhibit A. During the year ended December 31, 1948 the financial transactions of the Village were recorded in the following hands: General Poor' Special Assessments (Permanent Improvement Revolving Working Capital Wateriiorks Garbage Seger Rental Municipal Liquor Dispensary Permanent Improvement. - Revolving Fund Bond Sinking Fund No. 1 Permanent Improvement Revolving Fund Bond Sinking Fund No. 2 n Il able Valuations.. Tax Levies, and Ruses' The, taxable valmtions for the years 1947 and 1948 of real and personal property in the Village, the taxes as spread by the County Auditor, and the rates by mills are shown in Exhibit -B. Receipts and Disburp tt A summary statement of receipts and disbursements by funds for the year ended December 31, 1948 is shown in Exhibit C. I Village of Edina General d Poor Funds Financial Condition The financial condition of the General and Poor Hands on December 31, 1948 is shown in the Balance Sheet, Exhibit D-1. Operations A classification of receipts is shown in Schedule D-3. A classification of disbursements is shoran in Schedule D-4. Special,A&sea$ment Funds The financial condition of the Special Assessment Funds on December 31, 1948 is shown in the Combined Balance Sheet, Exhibit E-l.. 'The assets and liabilities of the Sever District Funds, Water Main Improvement Finds, and Street Improvement No. 1 Fund are indicated by projects in Balance Sheets, Exhibits E-2, E-3, and F,-4-.respectively. Completed Projects On December 31, 1948 the following sewer district funds contained surplus cash as shown in. Exhibit E-2: District No. 3 $ 2,491.36 District No. 4 568.16 Since the purpose for which these funds were established has been fulfilled,- the above funds should be closed by transferring the cash remaining to the General Fund. When all obligations in other assessment: funds have been paid, cash and other assets remaining should likewise be transferred to the General Fund of the Village. Due to Other Funds To expedite the redemption of bonds and payment of interest during the IE Village of Edina Special Assessment Funds Due to Other Funds (Continued) year ended December 31, 1948, temporary loans were made from the General Fund as follows: Sewer District No. 9 $ 65.58 Sewer District No. 13 a 118.79 Total General Fund �, 184.37 To correct an error in recording receipts from the County VI-ereb was distributed to Sewer District No. 5 while the receipt was for Sewer No. 15, this am ,-unt should be transferred to Sewer District No. 15. Permanent Improvement Revolving Mind Financial CQnd.ition The financial condition of the Permar ent Improvement Revolving December 31, 1948 is shocm in the Balance Iheet, Exhibit F -1. Due From Qther .Funds P.Vw.nt of interest on bonds and service charges to a fiscal made from this fund. which should have been made from debt service funds es for that purpose. The funds and payments were: Permanent Improvement Revolving .wand. Bond Singing Fund No. 1: Interest on bonds $ 3,000,60 Fiscal Agent's service charge 7. 0 TO tal $ 3,008-1,0 Permanent Improvement Revolving Fund Bond Singing Fund No. 2: Interest on bonds $ 1,687-50 Fiscal Agent's service charge 4.50 Total $ 1,692.00 `i'he amounts are included in the assets of the Permanent Improve Revolving Fund_ in the Balance Suet, Exhibit F -1 of this report as being the Debt Service Funds.. G� $142.21 tri c t on t were t ished from Village of Edina LeKmecient Improv=ent- Revolving Fund (Continued) RM Ig Other Fundg 'The amount of $1"1,132.39 shown in the Balance Sheet, Exhibit F -1; to other funds consisted of the following items: M General Fund: Clerical and engineering services $ 399.37 Balance of special assessment on Indianola. Avenue Sanitary sewer 38:16 Working Capital Fund: Equipment rent 43:50 Permanent Improvement Revolving Fund Bond Sinking Fonds: Accrued interest on bonds sold NO. 1 79.48 140. 2 5,71.68 Total 11132. Debt Service Funds Permanent Improvement Revolvink Fund Ind Sinkip& rMds The financial condition of the Permanent Improvement . Revolving Fund Bond Sinking Funds is shown in the Balance Sbeet, Exhibit G. The deferred taxes receivable consists of the irrepealable tax levy provided by the adoption of the ordinances authorizing the issuance of the bonds. Rile principal liabilities of the funds consisted of bonds payable of $330,000.00. There ate reserves for future interest of $39,212.50 and for uncollect- ible taxes of $19,907.50. Lermanol Improvement RewlvinM Fund Bond Sinking Fund No. 1 The Permanent Improvement Revolving Amd'Bond Sinking Fund. No. 1 was established by an ordinance adopted by the Village Council on R'ovember 6, 1947. Provision was made in this ordinance for issuing bonds totaling $180,000.00. The receipts consisted of a transfer of $12,810..00 from the Permanent Improvement Revolving Find. Village of Edina Debt Service Ponds Permanent Imvr vemeat Revolving Fund Bond Sinking Funds Lqrmanqn& LUMement Revolving d Bond. Sinking Fund loo. 1 (Continued) There were no disbursements. Although there was a cash balance of $12,810.00 available for the pay- meat of interest on the $180,000.00 bond issue. a payment of $3,000.60 as interest and a service charge of $7.50 was made' from the Permanent Improvement Revolving Fund. The Permanent Improvement Revolving Fund should be reimbursed for this expenditure. �'eormanent Im y ment Revolving &PA . Bond Sinking- `Fund Pao. 2 The Permanent Improvement Revolving Fund Bond Sinking Pund No. 2 was established by an ordinance adopted August 9, 1948. Provision was made in this ordinance for issuing bonds totaling $150,.000.00. The receipts consisted of a transfer of $19,900:00 from the permanent Improvement Revolving Fund. There were no disbursements. While there was a cash balance'of $19,900.00 available for the payment of interest on the $150,000.00 bond issue, a pa=yment of $1,687.50 as interest and $4.50 as service charge was paid from the Permanent Improvement Revolving Fund. The Permanent Improvement Revolving Wand should be reimbursed for the above expenditure. Working Capital. Financial Condition The financial condition of the Working Capital Fund on December 31, 1948 is shown in the Balance Sheet. Exhibit H_1. a 0 r J' - village of Edina Working Ganital_ Fund Financial Condition (Continued) `The unappropriated surplus consisted of current assets -less -liabilities as follows:. Assets: Treasurer's cash balance Due from other funds Accounts receivable Total Assets Less Liabilities: Due to other funds Unappropriated Surplus $ 12,375.57 23,186.76 20.90 $ 10,832.09 187.10 $ io,64�.99 Zip, amount shown as due from other funds consisted of charges for rent of. equipment. Settlement of chargesfor rent from other funds has not been made during the gear. As commented-on in a report on a prior examination the charges for rent of equipment should be billed each month and settlement made promptly. QRerati ona Exhibit H -3 shows an item in the amount of $1,985.71- classified as "Tool House Expense." The exhibit also shows an item amounting to $8;.195 -78 classified as "Indirect Expense." Apparently the amount of these two items was not absorbed in charges made against the equipment. Waterworks Find Financial Condition The financial condi ti on of the Waterworks Fund on December 31, 1948 is shown in the Balance Sheet, Exhibit I -1. Sinking and Interest Account Activity in the Sinking and Interest Account during the year exiled Decem- -ber 31, 1948 consisted of transfers from the unappropriated earnings account , 6 Village of Edina firiaterworks Fund .S`inking and. Interest Aco� t (Continved) and the payment of interest, which is st=a -rized as follows: Balance January 1, 1948 $ 3 , 641: oo Transfer from unappropriated earnings account: For interest payments 3,984.87 For payment of bore. s maturing in 1949 14 Balance and Transfers $ 9, 768:71 Payment of interest on Waterworks Revenue bonds ��4' . 649.,,04 . Balance December 31, 1948 $. 5 ;119: 67 Operations A statement of operations of the water utility for the year ended Decem- ber 31, 1948 is shown as Exhibit 1-3. a summary of which follows: Operating revenue $ 35.108.16 Expense 21;269j52 • Operating income 13.838.64 Operating Income Deduc vi ons — 4.59 0.75 Net income $ 9,247.89 Due to Other Funds The amount of $1,445.15 shown on the Balance Sheet, Exhibit I —1,as due to other funds consisted of the following items: Due to General Fund: Clerical services $ 60 0.00 Due to 'forking Capital Fund: Equipment rent 845.15 Total 1 445, GaLb= hMg The financial condition of the Garbage Fund on December 31, 1948 is shown in the Balance Sheet, Exhibit J -1. A .Statement of Income and Expense is presented in Exhibit J3. 7 Village of Edina Garbage Fund (Continued) l Srecial assessments receivable • Ctwrent and delinquent special assessments receivable in the amount of $192.19 consisted of past due garbage charges certified to the County for collection with general property taxes. As charges for garbage removal were made on October 1. 1948 covering a period from October 1, 1948 to Marc 31, 1949, collections .covering _service from January, 1. 1949 to Parch 31 1949 in the amount of $2, 61.8, 50 are shown in the Balance Sheet. Exhibit J -1, as a reserve for unearned revenue.— SgIier Rental Fund The financial condition of the Sesser Rental Fund is shown. in Exhibit E -1. During the year ended December 31, 1948 the billing period was changed to 0 January 1 and July 1. A statement of income and expense is presented in Exhibit X -3. Sneciet Assessments Receivable Ourrent and delinquent special assessments receivable in the amount of $72.90 consisted of past due sever rental charges certified to the County for collection with the taxes. Reserve for learned revenue As charges for sewer rental were made on October 1, 1948 for the period October 1, 1948 to March 31, 1949, collections covering service from January 1. 1949 to March 31, 1949 in the amount of $2,101.50 are shown in the Balance Sheet,.Exhibit K -1, as a reserve for unearned revenue. I* Village of Edina Utility Accounts Receivable Records Mis - records of cuss' tomers accounts receivable for water, sewer., and garbage services were not kept, ' in every respect, as called for by the -system in operation, during the period covered by this audit.. The amounts billed quarterly to customers for each utility service fur- nished, were not totaled to provide a record cf the quarterly revenue earned. When billings were incorrect the adjustment allowed was not always entered in the books. It was found that the unpaid customergl accounts were not balanced periodically with the general accounts maintained for each utility service provided. In accordance with a request from the Village Council, a new eystem for customers' utility accounts was installed and went.into operation January 1,. 1950. Me following principal accounting, forms were designed to fit into the system installed, 1. Customers bill 2. Collections on accounts receivable 3. Utilities accounts journal =cipal Lianor Disnensazv Fund The Municipal Liquor Dispensary eras established by Ordinance adopted .April 5, 1948. A.Muni:cipal Liquor Dispensary Fund is maintained. All revenue from business is required to be deposited therein and the operating expenses are paid therefrom. rinancial Condition The financial condition of the Mmicipal Liquor Dispensary Fund on Deeem- ber 31, 1948, is shotim in the Balance Sheet, Exhibit L-1. s Village of Edina Municipal. Liquor Disngnsar and (Continued) &crued Rents -Payable On entering into agreement with Her and Stenson Company for the lease of their property to be used as the Municipal Liquor Dispensary, the Village Council agreed that in addition to the payment of $400.00 per month to the owners, the Village would pay all taxes and assessments falling due during the occupancy. On December 31, 1948 the accrued liability for taxes was $545.86 and assessments $131.88. Big IQ Qk]Wr, Funds Disbursements vere made from other funds for supplies and services pertain- ing to the liquor. store business., On December 31, 1948 the following disbursements made from the funds listed below had not yet been repaids General. Fund.: Office supplies $ 3.45 _ Wholesale liquor buyers card 1.00 Bituminous surfacing of parking lot- 13 5.89 Total Due General Fund Working Capital Fund: Use of equipment for grading and surfacing parking lot A statement of income and expense for the period from June 5, 1948 to December 31, 1948 is included in Exhibit L-3, and is summarized as follows: Sales Cost of Sales Gross profit on sales Operating expense Operating income. Other deductions $185.653.40 146,0 3.89 $ 39,599,51 17.874,77 $ 21,724.74 2659, 5_6 Net income $ 19,065.18 I -0 Village of Edina MMIcioal Liauor Disoensary Fund Onerations (Continued) The other deductions shown above include in addition to the normal oiler- sting expenses such items of organization expense as legal services, publishing, issuing and selling revenue bonds, and interest on the bonds. These additional expenses totaled $2.659.56. Record of Sales Cash registers have been installed at the Municipal.Liquor Dispensary to provide an original record of sales, and an internal check of the amount of cash received. The record of cash "overages and shortages as maintained by the bookkeeper, revealed more cash was being deposited in the bank than the cash registers indicated was being taken in from sales. The overages ranged from $6.95 during October, 1948, to $122.14 during August, 1949. These overages have been explained to be dwe in part to the practice of not closing the cash drawers in the registers; thus allow- ing employees, after making change, to leave money from sale in the drawer without ringing up the sale. The Village maintains a perpetual inventory system covering the goods held for sale. Tickets are placed on the goods and the System requires individual tickets to be detached from each item sold. -Tickets representing sales submitted with the daily report, are commonly in excess of the sales recorded on the cash register. The total of tickets in excess of recorded sales is usually at variance with the total of cash over the recorded sales. In the cash count made September 19, 1949. three.checks were found that had been returned by the bank because of insufficient funds. In addition to the checks presented as cash on hand were two checks in amounts of $25.00 each, on file 11 Village of Edina. Deposited Checks Returned by the Bank {Continued) with the Village Attorney for collection and carried on the books as accounts receivable. Checks of this nature should .not bare been classified as cash. By resolution adopted May 24, 1948, the Village Council determined to issue and sell Liquor Dispensary Revenue bonds in the amount of $75,000.00. Mle bonds to be in denominations of $1,000.00 each, nwtered 1 to 75 inclusive, to bear interest at a rate of .4 1l2p parable semiannually on June 1 and December 1 of each. year. The bonds are redeemable in amounts of $15,.000.00 on June 1 in each of the years 1949 to 1953 inclusive. Bonds numbered 46 to 75 inclusive are callable • in inverse order on 30 days notice on June 1,' 1951 or any interest paging date thereafter. The Liquor Dispensary Revenue bands are dated Jura 1, 1948 and were sold to Kalman and Company on June 28, 1948 at par plus accrued interest. 0 A summary of maturities and interest is shown in Schedule L -2. A condition contained in the bonds is that; "Out of * * * net revenue there shall be credited and paid monthly into the special sinking fund account for the bonds of this issue at least one twelfth of the amount necessary to meet all payments of principal and interest due on said bonds within the next succeeding twelve months. " - To December 31,. 1948 the accumulation in the account totaled $9,031.25 which is in a separate bank account. arroine from General Fund. To provide working capital for the Municipal Liquor Dispensary Fund, pend- ing the completion of the financing program the Village Council adopted a resolution on May 24, 1948 to transfer $10,000.00 from the General Fund as a temporary loan. 1_ 2 L Village of Edina f4unicinal Liquor. Dispensary Sand �orror�m General Eta d (Continued) This was ' accomplished by patent of approval claims directly from the General Fund in the amount of $7,722.96 and depositing $2,277.04 `in the Liquor Dispensary bank account. Repayment was made to the General Fund. on July 12, 1948, in the amount of $10,000.00. Edina LiauoZ Control Commission The ordinance approved by the Edina Village.Council on April 5, 1948 established an "Advisory Commission." The Commission consisted of seven individuals appointed by the Council. Me Commission, under the provision.of the ordinance, was to be known as "Edina Liquor Control Commission." The liquor store manager could be.selected by the Commission and complete power of supervision, direction • and control of the dispensary was delegated, under this ordinance, to the Commission. 0 The Attorney-Gmeral in an opinion rendered under date of December 5, 1946 held that, "The power to establish municipal liquor.stores and to contract with reference thereto is vested in the Village Council. This Council can- not delegate that power to others. it can appoint a manager of the municipal liquor store or a committee of managers but their duties will relate to ministerial functions only. The power to control the munic- ipal liquor store is vested in the Village Council and cannot be passed along to another body." After completion of the audit and on or .about MY 8, 1950 the Council adopted an ordinance amending the provision of the ordiwmce adopted April 5, 1948. This amendment took away the specific powers previously granted to the Edina Liquor Control Commission. The Commission provided for in the amendment has limited authority and is to serve in an advisory capacity only. i_3" Village of Edina �ener� al Fixed A summery statement of changes in the general fixed assets during the year ended December 31, 1948 is shown in Exhibit M. Municipal Court A statement of fines and costs imposed and collected by the Municipal Court is shown in Exhibit N.. Assessor Travel - Claims for travel for the purpose of assessing real and personal property of the. Village have been paid Paid to Alex Creighton A. C: Stringer Lee= Williams as folk Claim 2944 2937 2939 rws: Date Paid a,Mount Oct. 11, 19" $ 315.00 Oct. 11, 1948 21.00 Oct. 11, 1948 10.50 When interviewed. Alex Creighton, Village Assessor, stated that records of travel had not been maintained in his office and that he had estimated the travel for which he had presented a claim for 4,500 miles. Compensation Creighton also stated that he does not keep a record of the number of days worked by the deputy assessors. Claims audited and allowed by the Village Council for the services of the Assessor and the Deputy Assessors show only the .total number of days for uhich com- pensation is claimed. M. S.A. Section 426.075 states in part: "No money demand against any village shall be paid until audited and allowed by the council,. * * *. Such demand shall be made out in items 14 Village of Edina Lesessor Compensation (Continued) The Village Council when approving claims for payment should require claimants to submit information as -to the dates for which mileage and compensation are requested. =ity for Deposits A statement showing the bank balances and the security for deposits for the Village funds in the form of securities pledged as collateral - in addition to Federal Deposit Insurance on September'19..1949 is shown in Exhibit P. Official Bpndr Official bonds on file covering various Village officials and employees is shown in Exhibit 0. Bonds of the Clerk of Municipal Court were filed in the office of the Village Clerk for the period under review. According to M.S.A. Section .4-88.02, oaths and bonds when required of judges and clerks of municipal courts, whether organized under special or general law should be filed wi tai the Secretary of State.. InffiZance Insurance in force on September 19, 1949, covering buildings and contents and the various types of equipment is shown in Exhibit Qr &ggsition of Land for Park and PlaygrMIZA Purposes J The Village of Edina has a Park Board. The duty of this Board, among other things, is to survey lands that can be used by the Village as sites for parks and playgrounds. The Board has a membership of three. In 1948 the members were Howard Clark, Chairman, Hermann H Strachauer, and Don Leary. On Jam ary 1, 1949. William W.-.. Lewis replaced Don Learnt as a member of the Board. Except for this change the Board was constituted the same in 1949 as it was in 1948. r 1 Village of Edina &U.14mition of Land for Park and Playground Purma (Continued) During the times herein mentioned a Planning Board served the Village Council in an advisory capacity. This Planning Board is appointed by the Village Council and one of its members is the chairman of the Park Board. The Planning Board has assumed the responsibility of reviewing proposed plans with reference to new plats and programs for the general improvement of the Village. The Planning Board has retained as its professional consultant, the firm of Drell &. Nichols, Inc., an association of site planners, engineers, and landscape architects. The Planning Board had prepared a plan specifically for the development and the improve- ment of a section of the Village of Edina known as Edina Highlands. This plan, which made provision for a park area, a member of the Village Council stated, was presented to-and approved by the Village Council. A printed copy of the Edina Highlands plan was published in April, 1948. Some property in the park area, laid out in said plan, had already been 0 acquired, before the fall of 1948, and was held by the Village for park and play- ground development. In the fall of 1948 the Parr Board considered buying two other pieces of land to fit into the park area. One piece is known as the Harvey property eonsi.sting of about two and a half acres and about which no further reference will be made in this report, and the other piece consists of about thir- teen acres. Without the thirteen acre tract, the desired contiguity with other property already acquired by the Village could not be achieved.. Members of the Park Board stated that while thqr were acquainted generally with-.the location of the thirteen acre tract, they did not have before then, when they first considered the purchase, the legal description of the land. After the Park Board recommended the purchase of this particular portion of land, the Village Council requested that the legal description be determined. Phil Smith, Village Engins er and Village Manager, asked the firm of Morell & Nichols, Inc.. to draft a description of the land.. The description prepared by Morell & Nichols. Inc.. as stated in a letter to Phil Smith, dated October-19. 1948, reads as follows: is Village of Edina Acggsition of Land for Park and Plasm round PMnoses (Continued) "All that part of the East 1/2 of the Northwest 1/4 of the Southeast 1/4 of Section 29. Township 117, Range 21, lying South of a line drawn from a point on the West line of the described tract. 1050 feet North- erly from the Southwest corner of the tract connected to a point on the East line of said tract, 760 feet Northerly from the Southeast corner of said tract and containing 12.6 acres more or less." The property involved, is shown in Exhibit "X ".. Tract P and Tract Q constitute the land contained in the description furnished by Morell & Nichols, Inc. In December, 1948, all of Tract N and a portion of Tract Q was owned-by Lester R. Blackburn. The remainder.of Tract Q was owned in part by J. Guy Enos and in part by Hermann H. Strachauer. The Minneapolis Board of Realtors was asked to appraise the two tracts, namely — Tract P and Tract Q. The appraisal figures furnished by the Minneapolis Board of Realtors.. under date of December 3, 1948, to Phil Smith. show that the property owned by Blackburn was valued at $4,000.00; the portion of Tract Q,.. 0 2 owned by Enos was valued at $750.00; and the portion of Tract Q owned by Strachauer was valued at $250.00.. Exhibit "Y" is a delineation of the separate parcels appraised, and indicates the value placed thereon by the Minneapolis Board of Realtors. Under date of December 10, 1948. the Park Board wrote the Village Council a letter furnishidg a description of the property and also the appraisal figure given by the Minneapolis Board of Realtors; a copy of the letter is made a part of this report and marked Exhibit "R ". Another letter was written by the Park Board. A to the Village Council on January 24, 1949, regarding the property; a copy of said letter is marked Exhibit "S" and made a part of this report.. Hermann H. Strachauer, on behalf of the Park Board and the Village Council, opened negotiations to purchase the land the Park Board had considered buying. On or about January 26, 1949, he contacted Lester R. Blackburn and discussed obtaining an option. Strachauer said that'he told Blackburn, the Village Council wanted to 17 Village of Edina Acc isition_ of _Land for Park Playground _Purposes (Continued) buy a piece of property situated in the last Ralf of the Northwest darter of the Southeast Quarter of Section 29, and located between tup. pieces of land the Village had already acquired. The north boundary line, of the property proposed for pur- chase, was to be an extension of the north boundary line of the Village property situated immediately to the east. Having this general abstract designation of the lend, Blackburn asked the firm of Egan, Field R Nowak, civil engineers, to prepare a detailed legal descrip- tion that could be used in an option or conveyance. Said engineers furnished Black- burn with the following description:. "That part of the East Half of the Northwest darter of the Southeast (}saner (* Yq SF *) of Section Twenty-nine (29). Township One Hundred Seventeen (117), Range Twenty -one (21), described as follows. Beginning at the Southwest corner of the East Half of the Northwest Quarter of the Southeast Cparter (E�, Nth SEA) of said Section Twenty-nine (29); thence east along the south line of said East Half of the Northwest Quarter of the Southeast Cparter (Pzl NWI, ) of said Section to the Southeast corner of said tract; thence North along the East line of said East Half of the Northwest q=ter of the Southeast Quarter (Ea 174 Sa) a distance of Seven Hundred Sixty -four and 22/100 (764.22) feet; thence West paral- lel with the _North line of said East Half of the Northwest ( }=ter of the Southeast Quarter (E.- NWIs W4) to the Vest line thereof; thence south along said West line to the point of beginning." The foregoing description covered the land, owned by Blackburn. shown in Exhibits "X", "Y ", and "Z", as Tract P. Said description, however, did not cover the portion of land situated in Tract Q, which was also maned by Blackburn, and designated in Exhibits "Y" and . "Z" , as Tract U. The description furnished by Egan, Field & Nowak, in area,comprised slightly under S-ql'o of the property contained in the description furnished to the Minneapolis Board of Realtors, which was apprais- ed at the total figure of $5,000.00. Blackburn executed an option contract in favor of the Village of Edina.. This option contract contained the description of land furnished by Egan, Meld & Nowak. The contract gave the Village an exclusive option for thirty days after January 24, 1949 to purchase said land for the sum of $5,000.00. The Village C a, of 0 11 Village of Edina &ouisition of Land for Park and Playground Purposes (Continued) exercised its right under the option and on March 10. 1949, said property was conveyed to the Village. Blackburn also owned a parcel of land lying east of the property owned by Hermann Strachauer shown on Exhibit "Y "; as Tract S. The property owned by Blackburn is designated on said Exhibit "Y ", as Tract T. Blackburn said that after he executed the conveyance to the Village, Strachauer asked to buy from him the land situated in Tract T, and also the land lying north of Tract P. Mich is shown in Exhibits "Y" and "Z", as Tract U. On or about March 30, 1949, Blackburn executed a deed to Strachauer conveying the property shown on Exhibit "Y ", as Tract T and Tract U. Blackburn said that when he executed conveyances to the Village of Edina and to Strachauer, he was not aware of the land description furnished to the Minneapolis Board of Realtors. Strachauer said that he also was unaware of the description furnished the Minneapolis Board of Realtors. Even if he had, he pointed out,.he could not comprehend from a mere reading thereof the area of land involved. The general plan for Edina Highlands called for a road which would traverse a course over the land located in Tract U. Strachauer said that he did not have this feature of the Edina Highlands plan in mind when he purchased Tract U. .However, in view of the two different descriptions mentioned, Strachauer said, according to his attorney, "that, so far as he was personally able to do so, he would assist in placing the Village in the position in which it would have been if the purchase transaction had been completed in the manner in which it was originally tho mistakenly represented to the Village Council." On March 23, 1950, Strachauer executed a deed to the Village of Edina covering the land shown in Exhibits "Y ". and "Z", as Tract U. This tract contains slightly more than one acre of land. September 8. 1950 a -1 -d a • �Pabl is Llne r. 7 0 0 VILLAGE OF EDINA ization Village Council: Term Expires President's m December 31 Year Ended December 31, 1948 1949 Village Council: President - 1950 Wallace E. Cooper 1949 Clerk - 1949 Bower Hawthorne 1948 Trustees - 1951 Fred S. Child 1948 George A. Willson 1949 Richard Palen 1950 Treasurer: 1950 J. J. Duggan 1949 Assessor: 1951 Alex Creighton 1948 Municipal Court: Phillip Neville. Judge 1951 Austin D. Norton. Special Judge 1951 Engineer, Executive Officer.and Manager: 1949 Phil W. Smith 1948 Deputy Clerk: 1949 Gretchen S.- 'Schussler 1948 Deputy Treasurer: Bernice. M. Johnson 1948 Current Year Village Council: President's m . Wallace E. Cooper 1949 Clerk - Bower Hawthorne 1950 Trustees - George A. Willson 1949 Richard Palen 1950 Fred S. Chilli 1951 Treasurer: J. J. Duggan 1949 Assessor: Alex Creighton 1950 Municipal Court: Phillip Neville, Judge 1951 Austin D. Morton, Special Judge 1951 Engineer, Executive Officer and Manager: Phil W. Smith 1949 Deputy Clerk: Gretchen S. Alden 1949 Deputy Treasurer: Bernice M. Johnson 1949 s Title changed to Mayor from July 1, 1949 fe �� Assets Treasurers cash balances Imprest cash Undeposited cashz With Clerk of Municipal Court Investments Accounts receivable Delinquent taxes receivable Due from other governmental agencies Taxes receivable - deferred Inventory of material and supplies Special assessments receivable Due from other funds Construction in progress Amount to be provided for village share of cost of' Minneapolis -Saint Paul Sanitary district sewage disposal plant Fixed assets Deferred charges Total Assets iabilities. Reserves. and Surplus Salaries payable Accounts payable Accrued rent payable Canceled assessments refundable Interest-payable Contracts payable Water main and sewer connection deposits Due to other funds Due to other agencies: Edina Firemen's Relief Association Suburban County Relief Board State - Schedule D-1 Minneapolis -Saint Paul Sanitary Sewer District Bonds payable Reserves Surplus VILLAGE OF EDINA Combined Balance Sheet - December 34 1948 - Funds Permanent Special Improvement Working General Poor Assessment Revolving Debt Service Capital Waterworks Total Exhibit D-1 Exhibit D-1 Exhibit E -1 Exhibit F -1 Exhibit G Exhibit H -1 Exhibit I -1 $ 293,983.52 6 47,269.07 $ 2,884.81 q� 313777.93 b 101,488.19 � 32,710.00 � 12,375.57 � 24,438.90 1,100.00 100.00 2.00 2.00 40$000.00 69000.00 280000.00 7;182.41 20.90 5,990.11 7,164.61 7,027.82 108.90 27.89 871978.33 55,657.82 76.36 25,762.06 62229.73 362,145.00 362,145.00 63,641.42 10717.96 5512932.59 - 309,481.61 242,185.89 31,345.50 4398.69 142.21 5,815.83 651.36 23,186.76 872655.67 87,655.67 • :: r 191.20 37,585.77 677.74 1,120.32 10,069.58 118,397.85 3,690.45 31, 510.90 595.41 238.43 6.50 40,630.51 853,850.00 401,016.26 581.484.68 154.06 2,937.91 13.58 14,501.60 23,327.20 595.41 6.50 7,186.77 62,745.95 Total Liabilities, Reserves, and Surplus &2,0815065.60 a Na, 455.40 238.43 108,90 8.708.96 37,911.29 r •• „ N • •. • J3ZA02 2,029.76 1 $-120.32 8,460.00 103,896.25 3,690.45 326.58 1,132.39 40,630.51 29$,850.00 3202849.34 83.715.58 11,777.32 4330102.99 S 443,375.31 $ 41700.10 $ 187.10 330,000.00 59,120.00 1,686.26 ,�, 395.506.36 364,366.59 2,241.02 398,754.58 37.14 1,489.84 13328.33 1,445.15 •r r..' 244,454.12 EXHIBIT A 51.87 862.74 4,897.68 $ 1352705.56 892.80 3.641.04 ffi 160682.69 9 122.939.71 S 335.705 , 893.22 $ 2$482.60 $ 27,738.86 677.74 281.25 215.70 176.68 75,000.00 2,618.50 2,101.50 90031.25 _ 129.32 11,882.89 10,0,33.93 S 135,705.56 5 .641.24 $� 16.682.69 9 322.939.71 4 135. 705___ x__56 Mmicipal I General Sewer Liquor Fixed Garbage Rental Dispensary Assets Exhibit J -1 Exhibit K -1 Exhibit L-1 Exhibit M 22541.47 $ 99127.85 $ 54,3.20.87 I. 4000,00 i 69000.00 703.10 368.40 99090 152.41 100.15 61,923.46 192.19 72.90 150.65 51.87 862.74 4,897.68 $ 1352705.56 892.80 3.641.04 ffi 160682.69 9 122.939.71 S 335.705 , 893.22 $ 2$482.60 $ 27,738.86 677.74 281.25 215.70 176.68 75,000.00 2,618.50 2,101.50 90031.25 _ 129.32 11,882.89 10,0,33.93 S 135,705.56 5 .641.24 $� 16.682.69 9 322.939.71 4 135. 705___ x__56 9- 1947 1948 Taxable Valuations Real estate, 649185;393.00., 549599,936.00 Personal: property 4352505.00, 465.148s00 Totals .40620.898.00 A50065.084.00 Tax Levies Extended by County Auditor Extended in year 1947 1948 Collectible_ in year 1948 1949 Revenue x.149,255.00 x.145;874.43 Parks 10,636..67 Firemen's reli of 462.09 506-51 Totals 1492717.09 ,9 1570017.61 Tax Rates by Mills Revenue 32.3. 28;.8 Parks 2.1 Firemen's reli of Totals 9- VILLAGE OF EDINA i EXHIBIT C Summary of Receipts and Disbursements Year Ended December 31, 1948 Balance ._. Balance Funds Jan. 1.. 1948 Receipts Transfers Total Disbursements Transfers Dec. 31.1948 General 39,635.89 1640442.23 .50,117.48 254;195060 190;713.24 162213.29 47-,269.07 Poop 5,585:07 377.20 5 ;962.27. 3;077.4b 2 ;884.81 . Special Assessment 52;433:42 52;.261.92 5;557.82 110 ;253:16 70 ;429.34 8'045.89 31,777.93. Permanent Improvement Revolving 10,677.58 2672092.35 2084.12 280,154.x5 122,460.34,. , 56,205.52 101,488019 Permanent. Improvement Revolving Fund Bond Sinking- Fund No. i 123,810.00 12,82.0.00 125,810000 Permanent Improvement Revolving Fund Bond Sinking Fund No. 2 19,906000 193,900.OE3 1951,904000 Working Capital. 3 ;441.83 232"5.85 20,0041P02 20. 689.31 11;690.28 12075.57 Waterworks 15;761.04. 37;362 :40 6 t127.71 59 ;251x15 28;684054 6,127.71 24 ;438.90 Garbage 3;1690'44 10;182:30 13 ;351:74 10;810:27, 2;541-47 Serer Rental 7,363.33 8;343..90 1,385.56 17;090.79 7 ;962:94 - 9 ;127.85 Municipal Liquor Dispensary 260,982.61 10,000.00 270,982.61 2062861.74 10,000.00 54,120.87 Totals 131.183.94 824.488376 1 8.282.69 jl,°063.955.39 661188 108 282.69 293.983.52. i VILLAGE OF EDIM - M(HIBIT D-1 General, and Poor X011 Balance Sheet - December 31, 1948 - • Fends Ash Trea.surer9s cash balances - Exhibit C, 476269.07 $- 2,884,81 Impresi cash 100.00 Investments= United States Treasury Certificate of Indebtedness 6,000.00 Undeposited'cash with Clerk of Municipal Court 200 Taxes receivable - delinquent - Schsdul.e D-2 7,027.82 108.90 Due from Other Goverumyental Agencies; Independent - School District 'No. 17, Hennepin County 1,017.28 State 54.15 County - ovember 1948 to settlement 549,640.54 22.01 Due from Other Funds: Permanent Improvement Revolving 437.53' Working Capital 36.45 Waterworks 600.00 • Special Assessment 184.37 Municipal Liquor Dispensary L4_0, 34, Total Assets $ 111,455.40 9.069.8? Liabilities,, Reserves. and Surnlvs Salaries payable $ '154.06 Accounts pVable: Creditors 29937.91 $ 13.58 Edina Firemen's Relief Association 595.41 Subuirban.Hennepin County Relief Board 238.43 State — Schedule D-1 6.50 Contracts payable 14,501.60 Due to Other,, Funds: Permanent, Improvement Revolving 1,115973 Waterworks 65.40 Working Capital 229146.07 Reserves: Imprest cash 1000,00 Park purposes. 58.95 Taxes receivable - delinquent 79027:82' 168.90 Surplus - unappropriated 62.745.95 8.708.96 Total. Liabilities, Reserves. and Surplus $ 111.455.40 9.069.87 24 0 9 VILLAGE OF EDINA General and Poore Funds General' Fund Analysis of Changes in Surplus Year .Ended December 31, 1948 - Revenue: Cash receipts - Schedule,D =3 Deductions - To eliminate from cash receipts the following - Transfer to Reserve for park purposes, donations for Dwight Williams Memorial Park Municipal Court fines due to State Clerical services for year 1947 - Special Assessment Funds Sewer'Rental Fund Zarbage Fund Municipal Court fines unremitted December 31, 1947 Refund on investment From Waterwbrks= Fund in lieu of taxes Due to Edina FiremenI Relief Association - November tax settlement Total Deductions Total Other Revenue.-.1 Municipal Court fines unremitted December 31, 1948 Exhibit 'N Clerical services for. year 1948 - We from Wateruorks Fund Clerical and engineering services for year 194..8 - Due from Permanent Improvement Revolving Fund Sewer job on Indianola.Avenue was paid from the General Fund and costs transferred to the Permanent Improvement Revolving Fund'- addition on reassessment Due from County - :November 1948 tax settlement Due from Independent School District No. 17 - contribution.in- lieu of taxes Total Other 1 Diet Revenue Expenditures: Cash disbursements - Schedule D-4 Deductions - To eliminate from cash-disbursements the following - Current Liabilities, December 31, 1947 - Municipal Court fines - State County EXHIDIT D -2 164.442:23 19100:00 6:50 1,336.31 300.00 300.00 .8,00 209000.00 1,554.96 164.95 24e770.72 i 139.671:51 2.00 600.00 399.37- 38.16 54,640.54 1.017.28 1 56,697935 196,368.86 168,309.17 42.00 18..00 • 0 n VILLAGE OF EDIRA �LMIT - D-2 - - General- -and Poor - -Funds - - General Fund Changes in Surplus (Continued) Expenditures: Deductions - To eliminate from cash disbursements the following - Current Liabilities, December 31, 1947 .- (Continued) Water rental for 1947 71.10 Contract payable 379.24 Due,to Permanent Improvement Revolving Pund - labor and material 21184.38 Due to Independent School District N6,17 - - contribution in lieu of taxes 1,017.28 Cost of removing mill pond dam 382900 Trannsfer to Reserve for Park Purposes the expenditures for Dwight Williams Memorial. Park 1,242.3 ?. Due from '06rking Capital Fund - refund on police car equipment 36.45 Due. from Municipal Liquor Dispensary Fund - purchase of supplies and black top and village labor on parking lot 140.34 Total Deductions. 1 5.513.16 Total x.162.796.01 Other Expenditures - Due to Other Funds - Waterworks - Water rental for last quarter of 1948. $ 65.40 W19rking Capital - rent of equipment 22,146.07 Permanent Improvement Revolving - village share of costs,on sidewalk curb and gutter projects 10'115.73 Unpaid. December 31, 1948 - Salaries payable 154.06 Accounts payable 2,937.91 Contracts payable - emergency sewer repair 14,501.60 The cost of installing aster in Dwight Williams Memorial Park is to be paid by the village 110.24 Total Other Expenditures 41,03-i-21 Net Expenditures $ 203.827.02 Revenue Under Expenditures t 7.458.x.6. Other Additions: Transfer from reserve for advances to - Permanent Improvement Revolving Fund $ 23.485.52 Working Capital Fund 11.690.28 Total Other Additions $ 35.175280 Teti increase -in surplus during year ended December 31, 1948 $ 27,717.64 Surplus JaMmT7 1, 1948 35.028031 Surplus December 31, 1948 to Exhibit D $ 62.745.95 26 VILLAGE OF EDINA Schedule D-1 Funds General Poor Delinquent; _ Levied in — Collectible in — 1943 and prior 19" 540.63 22.07. . 1944 1945 412.20 15.50 1945 1946 -538.23..- 19.57 1946 1947 12437.71. 51.76 1947 1948 4,099.05. =Total Delinquent . to Exhibit D-1 7.027.82 108.90 VILLAC E OF EDINA Schedule D6-3 General and Poor Funds Classification of Receipts - Years Ended December 31, 1948 and 1947, and Comparison- - Year Ended December 31 Increase 1948 1947 Decrease General Fund General Taxes. Real and personal property - General 94,230.20 0 107,023.82 Firemen's Relief Association 293.43 430.46 Forfeited tax sale apportion- ments 259.79 362.90 Interest and penalties 342,19 524.81 Money and credits 3402 6.00 Mortgage registry 10325.85 12704.07 Total General Taxes 96.454.48 110.052.06 $ 13959758 Licenses and Permits: - Plumbing 12678.75. 2,258450 Building 6,170.00 2,951.50 Sewer 72040 • cesspool - 295.50 Bicycle 145...40 188.50 Nonintoxicating malt liquor - On sale 300,00 250.00 Off • sale 55. 00 - . 50.00 Bowling allays 1600'00 160.00 Cigarette 286°00 285,00 Food 204.00 Liquor 200,00 35040 Pinball 3500'00 250.00 Taxicab 60.00 93.33 Theatre 75000 75.00 Sign 58.50. Christmas tree sales 6000 Total Licenses and Permits 10.764.15 0 6,911.83 3,852.32 Municipal Court: Fines and forfeits Revenue from Use of Money and Property: Interest on investments Rent Land Caretaker's house Equipment - Total Revenue from Use of Money and Property 4.024.00 3.470.00 $ 469.67 20,900 20.00 300.00 300.00 106.00 $A 320.00 3 . 895.67 29 554.00 575067 0 0 VILLAGE OF EDINA I S 6hedule D-3 'General and Poor Funds Receipts (Continued) Year Ended December 31 Increase 1948 1947 Decrease General Fund- (Continued) Revenue from Other Governmental Agenciest From State - Two per cent insurance premiums tax 924.71 941;,86 Gross earnings tax 377.03 Liquor tax apportionment 8;723.95 Cigarette tax apportionment 5i679*35 `Total Revenue from Other Governmental Agencies 15J28.01 1J1809 141009-12 Departmental Fees and Service Charges Election filing fees 1000 800 Engineering and clerical services 9,507.24 7,406.03 Street repair after local improvement construction- 1t045,90 10,9009-98 Black to private drive- way 29.70 Street repair after gas installations 3PO47.96 Repair, on driv6ray 11100 Repair of water main 15.50 Total Departmental Fees and Service aLarges 14,440.80 17,450-51 3,009*71 Other Receipts: Sale of material and supplies - Catch basins, 80,00 155e91 Material 7900 Prestone 4.68 Maps 30.00 Contributions for park purposes 11100.00 20000,00 Sale of fixed assets - Four police revolvers 85,00 Sale of investments 192987.50 Water main and sewer connec- tion deposits 1.,469.24, Waterworks_- Fund in lieu of taxes 1p 55496 Refunds and reimbursements - Police uniforms 281*37 Salary 219*77 7e20 Damages to guard rail at bridge 25,00 Insurance premium 27,16 4i VILLAGE OF EDINA Schedule D-3 General and Poor Funds Receipts Continued) Poor Fund General Taxes: Real and personal property Revenue from Use of honey and Property: Interest on investments Revenue from Other Governmental Agencies: ' State aid - direct relief Refund of relief payment Sale of investments Total ,Poor Fund 98.69" 4 31859.65 3, 760.96 . Z 137.15 137*15 258.51 $ 246;62 11.89 $ 20200 J 20900 6,000.00 6 j000,00 377.20 109243.42 9�866�2 Year Ended December 31 Increase 1948 1947 Decrease General Fund Other Receipts: Refunds and reimbursements (Continued) Fire Department supplies 7.00 Withholding takes 28.60 Overpayment - Public Employees Retirement Association 4 °25 Telephone tolls 2.25 Village employees -� for Public Employees Retirement Associa- tion.entrance fees 260000 Investment purchased 20,000.00 . Accrued interest on investment purchased, 52.12 Total other Receipts S 23.110.79 24.278.22` 12167 ®43 Total General -Fund 164.442.23 _v'1 77.18 65.05 Poor Fund General Taxes: Real and personal property Revenue from Use of honey and Property: Interest on investments Revenue from Other Governmental Agencies: ' State aid - direct relief Refund of relief payment Sale of investments Total ,Poor Fund 98.69" 4 31859.65 3, 760.96 . Z 137.15 137*15 258.51 $ 246;62 11.89 $ 20200 J 20900 6,000.00 6 j000,00 377.20 109243.42 9�866�2 W Li 0. VILLAGE OF EDI NA Schedule D-4 General and Poor Raids Classification of Disbursements Years Ended December 31, 1948 and 1947, and Comparison Year Ended December 31 Increase 1948 1947 Decrease General Find General Government; President and Trustees Salaries - President of the Council 960.00 - 600.00 Trustees 221606'00 11260.00 ordinances and .Publishing notices 327.10 201.98 Supplies 24.00 Travel 70.88 29.75 Books and publications 38085 - Telephone 2.05 Postage 25027 .Registering deed 1.00 Total President and - Trustees $ 3.609.15 2.091.73 Municipal Court -- Salaries &ini cipal Judge 900.00 900000 Special Judge 110.00 50.00 . -clerk of Court. 245.41 242471 Sheriff costs on arrest and appearance 5.10 Witness fees 1950 1.85 Phoney order fee - returning bail .18 Fines transmitted -'Exhibit N e County Treasurer 114.50 State Treasurer 52.00 Board of prisoners 39.00 Supplies 19.02 Total Municipal Court 1.428.69 1.252.58 Elections- Salaries - Judges and Clerks$ 1,434060 Supplies 63 *53 Maps of voting .districts 99000 Posting and mailing maps 49.23 Rent 37.50 Salary of janitors 670'80 Moving election booths 327.86 Election expense 287.08. Total Elections 2.079.52 $ 287.08 :3.2 14. 6 VILLAGE .off'',.EDT -N Schedule r 4 - General. :and Poor. Fends, Disbursements Continued) Year. Ended. December* 31 - Increase 1948 1947 : Decrease General 'Fund' -General'Governments. (Continued) - Tr' easurer - <, _ Salary 600.00,' ; 360.00 -Premium..on surety -bond 56925 75000 Total Treasurer ' : _ -- , 656.25 tP 435:00 Assessor Salaries Assessor. - - 1 *100.00 .` 900.?0 'Leputy- assessors :2,835.00; 1,732:50 Supplies;., 73.25 123.00 Rent of typeyrriter - _ 150'00 Travel- = mileage ; ; ;:. ' 346.50 345:45. 'Total Assessor � 4 ,.,. ,,69.75 .100: 3 95. Attorney and other' legal serve Ce Salary of- Village Attorney 0 `900.00 r \'9004,100 Otner'legal fees. 1,194.07 -- 526:39 Registering deeds„ ;, 40'40, Postage 7 X5' .- J 'Total Attorney . and VOther - - - Legal Service 2, 1.426.39. Clerk"`-m'- Salary - $p " "600 *oO � 600.00 Tputy. ,- 3;067.55_ Clerical �,.- 61563.32. 6.,654.5 Premiiun on- -surety bond 17950 17.50 Off ce supplies' : Y . _ =- 1,0199.01 12 217.68 Postage 163.15 Mai itenanca -of equipment 56.33 To*ti�.i Cl6rk_ _::,�� A, 11.666.86 � 8.490 Jn ,Post -acid# 2.012.35 .$::,l,058.55 Village' hall Janitor service 's 249-.80 155037 janitor_ supplies' ;, - 72 :72. �57e78 Tome% servi:ce,. ;_ x,32.35 Light-And,' power ,�.. ;,:� 322:43' Pater 109 - :19 Lich t' 418•.78 a . r Ep O .. r y C. tU 4E'4 'L b Jr2T A�aJ�1 ti�� i�.•�o� "� is�rL.��J�� mod: sL:.z....:e;l CiL1�,, {y��clry Co`:do � , .�.e.do .:� 3 w.t�l �ra�•s„� xal a((it,r�j r s SmIS- Cry/i 'b{4_ "r! a •aJ �•M }[}y:- 1.�„t1 V�S J. -V- { yf 4t�•a�T IL^.� n �Uf,l.'Y Y,Q��a ��a .in • j1 �#'. � � {� �y�Uei`\�� 6 "S` ,.9 -eE. ��1" pE�'J �1 ��y' " Uzi u R!- milJ�l...+'�C', R .�f� i.: �lti. W�-w.� Vk: J .. %a�'JJ V Ci ♦ ^V 1O /Fl�._dl` oJl Vf! Ep O .. VILLAGE OF EDINA Schedule D-4 General and Poor Funds Disbursements (Continued) IG Year Ended December 31 Increase 1945 1947 Decrease General Fund Highways: (Continued) Publishing v 106.60 16.90 Snow, ice removal, and sanding - Labor 40230.77 32517.75 Material and supplies 506.52 713.14 Insurance premiums 12.00 Rent of building 15.00 City of Minneapolis - Grading and oiling - Xerxes - 55th to 60th streets 142.37 54th - Zenith to France Ave. 91.50 Scarifying, grading, and oiling - Xerxes - 54th to 60th- streets 237.10 Road easement 2.55 Curb and gutter corner 52nd and Gorgas 40.43 Village share of street improve- ments 5,501.09 Sidewalk, curb, and gutter - France A.venae - 54th to Fuller 13255.48 Filling cracks in pavement 701.03 Graveling streets 329.22 Bituminous surface treatment - France Avenue - 57th to - 58th streets 1,603.80 France Avenue - 5411 to 57th streets 379.24 France Avenue -• 54th to 58th streets 3,413.16 n7ooddale AvOiiue - 50th to 56th streets 3,456.00 Sidewalk repair - 4509 Arden Ave. 50.00 Concrete work on street car tracks - 54th and France Ave. 220,71 Small tools 69+86 Total Highways 0 72.246.21 w 63.665.95 89580.26 Sanitation and Waste Removal: Care and disposal of animals $ 150.06 111.85 General survey of proposed sanitary sewers 22119.08 IG 0 a: VIL,L?.GE OF' EDINA Schedule D-4 General and Poor Funds Disbursements (Continued) Year Ended December 31 Increase 1948 1947 Decrease General Fund Recreation: Parks Dwight Williams Memorial Park - (Continued) Water connection 54.24 tabor 56.00 Total Dwight Williams Memorial Park 1.242.7 20208.22 50th Street Memorial Park Labor 894'64 Im;roving grounds 234.00 Sidewalk, curb, grading., and zidening Wooddale Avenue near 50th Street bridge 750.86 Total 50th Street Memorial Park 1.879'30 Total Parks 4.756.52 8.020.20 Recreational program — Salary of superv%sors 1,129,:84 Supplies 211.73 Rent of bus 1,242.45 Grading athletic field 500.00 Total Recreational Program 31084.02 Skating rinks Labor 1,600.76 1- 294087 Saltiry of attendants 1.,356.14 1'237.17 Light and power 16.95 .88 37 Supplies 32.88 Z08 Pumping water in pond 347.25 Rent of ice planer 12.50 Water main extension for new rink 672.80 Total Skating.Rinks 3.366.8 3.297.29 -Total Recreation 11,207.02 11,317.49 Unallocated Expense: Workmen's compensation insurance 19498.76 1,, 001.18 Repairs to caretaker's house Labor 86.09 Material 139.27 :3$ 110.47 V YTar,A,GE OF EDI N Sci!eeuls ?3-4 - - ... - -- General and Poor Fluids Vii? sburse.-mnts (Continued) Yeer Ended December 31 Increase 1948 1947 Decrease General Pund Unallocated Expense; (Continued) e claim 3.50 125.00 Purchase.of Edina directories for Linden Hills post, office 2.00 Refunds - 14eed eradication assessments paid 15,00 "gater permits 9100 Cigarette' 12,00 Membership,fee - Public Employees - Retirement Association 10.00 Labor 272.81 Supplies _ 54,52. Total Unallocated Expense $ 1.504.26 1.724.88 220.62 Reimbursable Expenditures: Labor 917.82 101.12 • Telephone 2.15 .45 Office supplies 3.45 Wholesale liquor buyer's card 14.00 Gravel 339620 Black top for parking lot 69.84 maps 1.20 Independent School District No. 17, Hennepin County - in of taxes 1.017.28 -lieu Police uniforms 279.00 Village employees - Public Fhployees.Retirement Associa- tion entrance fees 26o.00 Four catch basins 152.00 'Municipal Court fines 20.00 Pipe and fittings for guard rails .. 29000 Purchase of investments 20,000.00 Accrued interest on investments lJircbased 52.12 'Total, Reimbursable Expenditures 2.351.94 20.893.69 18,541.75 Capital outlay: Village mall - Venetian blinds 40.72 Oil Conversion unit for furnace $ 420.00 3.9 VILLAGE OF' EDINA Schedule D-4 General and Poor Funds Disbursements (Continued) !- Year Ended December 31 _ Increase 1945 1947 Decrease General Fund .Capital Outlays Village hall - (Continued) Hot water heater and installation 149041 Fire extinguishers 47.50 'Electric clock for Police Department 5.75 Office equipment - Two drawer card file 16.20 "Error No" copy holder 29.70 Safe cabinet accessories 71.30 Steel storage cabinet 49.50 Durroughs.adding machine 256.50 Four drawer file with locks 125.10 Check protector 87;950 L. C. Smith typewriter . 59..48 Underwood typewriter 166.92 Two linoleum desk tops 271°00 Flat top desk. 111.20 Two drawer file, 55°25 Four drawer file 64050 Stenographer chair 27.60 Typewriter table 14950 • Five fluorescent lamps 130.27 Engineers leveling rod 26.50 Drafting table top .21.90 Advertising 'for bids 9.60 Total Village Mall 598.62 1.445.28 Elections Four sets voting booths 6 304.00 Four ballot boxes 130.00 Four flags and poles 26.00 . Tvm oil stoves 68030 No oil tanks 12.22 Advertising for bids 10.40 Wiring and fixtures for booths 104.46 Total :Elections $ 655.38 Police Protection - e 1948 Chevrolet automobile 380.20 1947 Plymouth automobile 1,083.40 Siren for automobile 40,00 Transportation of Chevrolet ap tomobile to Village of Edina 10.28 Total Police Protection 390.48 1.123.40 40 0- 9 40. VILLAGE OF RDINA Schedule 13-4 General and' Poor Funds Disbursements (Continued) Year Ended December 31 Increase 1948 1947 Decrease General Fund Capital Outlay: (Continued) Fire protection - Two Chemox oxygen breathing apparatus 270.00 Willys Jeep 1- 544.01 Fire engine unit for Jeep 2,336.50 200 gallon trailer tank 415.65 High pressure booster hose and fog nozzle 245.00 Willard battery charger 4540 Rockwood fog nozzle without applicator 450.75 Rockwood fog nozzle with applicator 51.00 Advertising for bids. 12 -40 . Lettering fire truck 13,50 Fire hose- 1000 feet 2P 1,42000 Fire hose - 600 feet 119" 612:.-00 Total Fire Protection 4.978.81 2.032.00 Protective inspection - 1047 Ford pick -up truck 1,129,090 Heater for truck 37.,50- Total Protective Inspection 1.167940 Hight -ay - Florine street -line .marker 89•.50 Austin Testern patrol sweeper 6,355 -.00 Tar kettle mounted on pneumatic tires 366-00 Aeroil power spray 255.00 Wausau snowplow 510,00 Advertising for bids 18.00 Balance on road patrol 50.00 Shoveloader - Model 4C 2,372:00 Industrial tractor.- Model UT8 2,630100 - Diamond.T truck.- 2 to 4 ton Lode_ 1 509H 4,2?9.38 Toro 17" hand mower 27.50 Tar heater - Labor 27.49 Material 77.10 Street sweeper-. - Labor 43.15 Wire and other material 94992 �t � VILLAGE. OF E°DINA . Schedule D-4 General and Poor Funds Disbursements (Continued) Year Ended December 31 Increase 1247 Decrease General Fund Capital Outlay: Hi ghvray - (Continued) Need'sprayer - No. 16 rimer - Cost ti 109.89 Material 6.86 Labor .10.13 Labor —stand for 15B shovel 12.63 Total Highway:: 7i593.50 9.691.05 Parks - Toro nand mower 27.00 Land - 50th and Wooddale Avenue 2 .,025.00 Skating rink - Three floodlights 95.04 Insulating tivaraiing. house - Material 245034 Labor 221,62 Total Parks 589.00 w 2,025.00 Tool house - Lincoln welder and accessories - 268,00 Buildings - Caretakers house - Labor 89.97 Material 1.,048.69 Advertising for bids 18..00 Total Buildings 1,156..66 Total Capital Outlay 16.230.45 �v 17.484.1 1,253 *6 Other Disbursements: Rent of equipment for 1947 219180.32 Payment of encumbrances for prior years Two fire extinguishers., 5 gallon Rescue 80100 Two fire extinguishers No. 20 Speedex 98 -.50 Safe cabinet 530.00 Signs 515 =.25 Transit for engineering department 525.00 Fire truck 11,161.50 42 VIYL:4GR, OF FPINA Schedule .D-4 General and Poor Funds Disbursements (Continued) Year Ended December 31 Increase 1943 1947 Decrease General Fund Other Disbursements: Payment of encumbrances for prior years - (Continued) Valuation of grater system by board of appraisers - Engineering 1,650.70 Legal 377.15 Total Other Disbursements$ 22,404.07 13,714.35 8.689.72 Total General Fund 190.713.24 183.415.18 7.298.06 Poor Fund current F�xpense: Charities - Food 10726.28 Fuel 296.00 Clothing 45.61 Refractions 25000 Medical services 12.00 Institutional care 231.37 o 116.50 Direct relief 2$543.39 Administration 741.20 Total Current Expense 6 3,077:46 4 2,659.89 41707 Other Disbursements: Purchase of investments 6,000900 Premium and accrued interest on investments purchased. 8.17 Total Other Disbursements 8 6,008.17 6,008*17 Total Poor Fund 3.077.46 fi. 8,668.06 S"o 5.52Oe60 VILLAGE OF EDINA - . EXHIBIT E-1. Special Assessment Funds Combined Balance Sheet - December 31, 1948 — Street Sever. , Water Main improvement Total to Districts Improvements No. 1 Exhibit A Exhibit E-2 Exhibit E-3 Mdbit E-4 Assets Treasurer's cash balances;- Exhibit.E -5 31,777.93 18,113.91, 12,394.14 1,269.88 Investimnts - Schedule E-1 _ 28,O00.00 239000.00 5,000.00 Taxes receivable - Delinquent 27.89 23.15 4.74 Special Assessments:.ceiiablea _ Current..- Schedule E-2, 70,4350,66 54.006.25 . 14,217.01 2,212.40 Deferred - Schedule E-2 228,943.28 152,052.22 62,954..62 13,936.44 Delinquent - Schedule E-3. 10,102.67 8,293,87 1,684.15 124.65 Due .from County,!!. November 1948 Tax Settlemente Special assessments 250702 19,764.54 5,098.55 898.63 Taxes •34 .28 .06 Due.from Sewer District No. 5 Mind 142.21 142.21 Amount to be provided from future assessments.for Village of Edina share of cost of Minneapolis- Saint Paul Sanitary District sewage,.disposal plant -.Schedule E-5 ! 37.911.29 37,911.29. - Total Assets 433.102.99 - 3I' .3e17.72 a 101.35.3.27 18.442.00 Liabilities and Surplus Canceled. assessments refundable 1012002 1,120.32 Interest payable in 1949 - Schedule. E 4-b 8_,460600 7,072.50- 1,91Q.50 24 _5" Bonds Payable - Schedule E -/4r-b: In 1948 54, 000.00' 43,900-010 10, 000 -.40` 4000.00- Deferred 244,850.00 158 69x850.00 17,000.00 Flue . to Other Funds: :0-000-000 General 184.37 184.37 Sewer District No. 15 142.21 142.21 City of Minneapolis for Village of Edina.Share of Cost of Minneapolis -Saint Paul Sanitary District Sewage Disposal Plant.- Provided for in.assessments receivable - Schedule Fry 2,719.22 2,.719.22 To be provided for - Schedule E-5 37,911.29 372911.29 Surplus 83,715.58 63.157.81 20,360477 197.00 Total Liabilities and Surplus. 433.102.99 = 313,307_72 A l01.35 .27 18.442.00 a 0 0 Assets Treasurer's cash balances Investments - Schedule E-1 Taxes receivable - Delinquent Special Assessments Receivable: Current Deferred Delinquent Due from County - November Tax Settle- ment: Special assessments Taxes Due from Sewer District No. 5 Fund Amount to be provided from future assessments for Village of Edina share of cost of Minneapolis -Saint Paul Sanitary District sewage disposal plant Total Assets Liabilities and Surplus Canceled assessments refundable Interest payable in 1949 Bonds payable: In 1949 Deferred Due to Other Funds: General Serer District No. 15 City of Minneapolis for Village of Edina share of cost of Minnespoliis -Saint Paul Sanitary District sewage disposal plant: Provided for in assessments receivable To be provided for Surplus Total Liabilities and Surplus VIILAGE OF EDINA Special. Assessment Funds Sewer District Funds Balance Suet - December 31, 1948 - 3-7,211-99 372911.29 A3 U930 4u 7W65 .11 0 2x495.4-0 585.72 S 3.766.66 4& 10868.49 . 6•m494.03 A 35m355.12 170580.30 9 21.176.97 a 6 8.54 1,120.32 777.11 315.78 0 27.43 7,072.50 245.00 25.00 5040 1,215.00 225.00 326.25 2,060.00 43,000.00 9,000.00 158,000.00 1.84.37 11,2.21 1,000.00 1/x2.21 2,000.00 99000.00 5,000.00 21000.00 6,500.00 18, 000.00 10, 000.00 13,000-00 46, 500.00 65.58 118.79 2, 719.22 2,719.22 37,9ll.29 37,911.29 63.157.81 21,089.60 yp 2,495.40 58,5.72 2,599.45 Z 1,868.49 _. 4 ^444.0 6,363.02 1.973.94 5,850.72 6.112.32 $313j3C7.72 & 70.965.11 _ 2.495.40 8 5_85.72_ Z 3.766.66 � 10868,42 �L_ a 35.355.13 a 17 580.30 a 210176.97 a61,318054 Joint Sewer Totals to District Sewer Districts Exhibit E-1 No. 1 No. 3 No. 4 No. 5 No. No. 7 No. 8 No. No. 32 No. 13 18,113.91 2023.60 2,491.36 48.77 662.99 1,128.63 0 1,073.75 8 3,908.02 1,010.69 10.00 23,000.00 11,000.00 22000.00 5,000.00 2j000.00 23.15 23.15 541,006.25 12,866.98 1,328.28 320:32 2,358.93 8,647.41 3,708.05 2,953.59 9,059.46 152,052.22 1,207.27 291.20 2,152.87 14,943.79 6,803.98 15,586.61 452289.72 8,29 3.87 2,080.03 4.04 17.56 86.78 112.91 2,119890 4294-60 608.85 1, 444.59 19,764.54 43583.21 519.39 481.34 128.34 795.57 3036.01 750.24 11017.23 3,514.77 .28 .28 142.21 3-7,211-99 372911.29 A3 U930 4u 7W65 .11 0 2x495.4-0 585.72 S 3.766.66 4& 10868.49 . 6•m494.03 A 35m355.12 170580.30 9 21.176.97 a 6 8.54 1,120.32 777.11 315.78 0 27.43 7,072.50 245.00 25.00 5040 1,215.00 225.00 326.25 2,060.00 43,000.00 9,000.00 158,000.00 1.84.37 11,2.21 1,000.00 1/x2.21 2,000.00 99000.00 5,000.00 21000.00 6,500.00 18, 000.00 10, 000.00 13,000-00 46, 500.00 65.58 118.79 2, 719.22 2,719.22 37,9ll.29 37,911.29 63.157.81 21,089.60 yp 2,495.40 58,5.72 2,599.45 Z 1,868.49 _. 4 ^444.0 6,363.02 1.973.94 5,850.72 6.112.32 $313j3C7.72 & 70.965.11 _ 2.495.40 8 5_85.72_ Z 3.766.66 � 10868,42 �L_ a 35.355.13 a 17 580.30 a 210176.97 a61,318054 EMIBIT L -2 i I No. 15 No. 16 No. 18 iuo. 19 No. 20 11000.00 500.00 1,000.00 45,000.00 8,500.00 5,000.00 21082.30 11598.23 22 .11 13311-74 5 241.72 3,000.00 8,460.53 13606.73 729.98 854.18 12111.81 42,309.86 8,033.48 4,590.16 4,71.44 6,133.84 222.65. 157.48 36.34 108.14 2,868.57 438.35 215.78 407.83 307.91 142.21 3 5OA86 12 ; 110834.27 5,602.37_ '7s275.19 ; 7 903 2 1,980.00 370.00 70.00 w, 243.75 262.50 6,000.00 11000.00 500.00 1,000.00 45,000.00 8,500.00 5,000.00 63000.00 6,000.00 613.06.3.2 1,964.27 532.37 531.44 640.92 590086.12 111831.27 x__5,602.37 L 275.19 7,903.42 0 Lm VILLAGE -OF EDINA EXHIBIT E-3 Special Assessment Funds Water Main Improvement Funds Balance Sheet December 31.,-1948 -. Total Liabilities and Surplus 101JU 27,,,,j 140657,94 .027.10 12,,962.63 a 16.732.61 8 22xl,5 8 1 19.582.15 -4-C 6,921.8 4.715.99 Totals to Fluids Exhibit E-1 No. 1 No. 2 No. 3 No, 4 No..'5 No.. 7 and 8 No., 9 _No. 10_ -- Assets Treasurer's cash balances 3 12,394:14 1;4000'61 11023.25 778.77 868.32 4072.33 2,611.18 , 966.63 373.05 Investments - :Schedule E -1 - 5,000:00 .5,000.00 Taxes receivable - Delinquent 4.74 -. 4.74 Special Asses sments.Receivable: Current 14;2170'01 2,607.28• 632.66-, 1,898 :53 2,483:06 2,853.49 2 ;265..67 862:04 614,28 Deferred 62;954:62 4,418:78 1,072.36 9,493:12 12,423:74 14;276 :22 13,128:08 4,756.00 3,386.32 Delinquent 11684015 289.16 14.88 331.13 -177:81 _ 352..42 431039 - 87.36 Due-from County - November tax settle- " ment,. Special assessments 5,098:55 942.11 279:15 461.08 779.68 898.41 1,145.83 337.31 254.98 Taxes .06 .06 Total Assets 8. 101 353.27 11 657.94 3,027.1Q $� 12.962.63. 9 16,732.61 4 222752.87 X19.582.15 � 6.921.98 3 4.715..92 Liabilities and Surplus Interest payable in 1949 1,142.50 135.00 46.25 131.25 169.00 247.00 224.00 110.00 53 80000 Bonds Payable: In 1949 106000.00 2;000:00 500:00 1;000:00 1;500:00 3,000000 1,000000 500:00 50:00 Deferred 69,850.00 7,000:00 1;350:00 9,500:00 11;500:00 16;000.00 16;000.00. 5;000.00 3,500:00 Surplus 20,360.77 -.. .5,522.94 1,130.85 2,331.38 3,563.61 3,505.87 2,358.15 1.311- .J8 635.99 Total Liabilities and Surplus 101JU 27,,,,j 140657,94 .027.10 12,,962.63 a 16.732.61 8 22xl,5 8 1 19.582.15 -4-C 6,921.8 4.715.99 VILLAGE OF EDI NA EXHIBIT E-4 Special Assessment Funds Street Improvement Not I Pand Balance Sheet - December 31, 1948 - Total to Exhibit E-1 Assets Treasurers cash balance p 1,269:88 Special Assessments Receivable: Current 2,212.40 Deferred 13,936.44 Delinquent - 124:65 •, Due from-County - November 1948 tax settlement 898:63 Total Assets s6 18e 4G2.00 Liabilities and Surplus Interest payable in 1949 245.00 Bonds payable: In 1949 1,000:.00 Deferred 17$000;00 Surplus _197:00 Total Liabilities and Surplus 18,x/ 12,00 VILLAGE OF EDINA Scbedule E,-1 Special Assessment Funds Investments - Year Ended December 34 1945 Date of :Interest Balance Exchanged,, Balance Funds maturity Rate_ Jan. 1:.1945 Parchased matured Dec. 31. 1948 Sewer District Funds Joint Sewer District No.. .1R United States Treasury certificates of indebtedness July 1, 1946 -7/6% 7;000:00 7,00040- United States Treasury certificates of indebtedness Jan. 1, 1949. 11/8. 4,000:00, 40000:00 United States Treasury certificates -of indebtedness July 1, 1949 1 1 /5- 7,00040 7,000:00' Sewer District No, 6: United States Treasury certificates of indebtedness Jan.. 4 .1949 1.1/8 2,000.00 22000.00 Sewer District No, 9: United States Treasury certificates-,of indebtedness. July 1, 194+ 7/5 5,000.00 5,000:00 -" United States Treasury certificates of indebtedness' July. 1, 1949 1 1/5 52000.00 5,000:00 Sewer District No, 13: United States Treasury..certificates of indebtedness July 1, 1948 7/5 2,000:00 2,000.00 United States Treasury certificates of indebtedness July 1, 1949 .1 1/6 21000:00 2,000.00 Sewer District Igo.- 15: United States `Treaeury certificates of indebtedness. Fear. 1, 1948 - 7/8 3,000:00. 3,000.00 United States Treasury certificates of indebtedness mar. 1, 1949 1 1/8 ,0004;.00. - 3,000,E Total Sewer District minds . 232000.00 = 17,000.00 17,000.00 23:000.00 Water h1ain Improvement No. 1 Fiend , United States Treasury certificates of indebtedness Jan.. 1, 1949 1 1 /5% 5,000.00 ; 5,000;00 Total s 28 17.000:00 17.0 :00 Total to Exhibit E-1 2 :000:00 Funds Sewer District Funds Joint Sewer District "No. 1. Original Supplemental Supplemental - Colonial Grove ' Supplemental - 'F•dina Court. Nos. ,r 15, 5 Supplemental 6 7 7 Supplemental 8 : 8 Outlet charges 9 12 13 15 '16 18 `19 20 Total Seger District Funds Mater Bain Improvement Funds; Nos.'- l 2 3 5 8 9 10 Total Water Main Improvement Funds Street Improvement No. 1 Fluid Totals Totals to Exhibit E-1 VILLAGE OF EM NA Schedule E-2 Special Assessment Funds Statement of Current and Deferred special Assessments - Year Ended December 31, 1948 - Certified to County for Deferred Assessments Spread Collection Collected by Village Deferred Jan. 1 1948 Principal Interest Total in 1949 Principal Interest Adjustments Dec. 31, 1948 11; 468, 49 2574P'20 11-97250-69 11; 681,0 36 43.55 6 .78 1,009.25 42.10 4051.35 _ 1,051.35 92 :40) 35.20) 6.67 134.27 1.34.27 1,937:00 96 :85 2,033;85 1,065.35 968 *50 477 :54 24 616 501.70 262.93 238 " 0_77 582;40 29 :12 611:52 320 :32 291 :20 4,114940 199.49 43 313.89 2, 256.69 2; 057, 620 . 191 :34 6 : 57 197 :91 - - 102:24 95y 67 17 ;960 :58 .948 :33 18;908:91 6,780 :30 461:85 :93 11 ;665:83 5 ;096 :94 228.76 - 5;325:70 1;567:11 180.00 .63 3;277:96 10 ;205.97 306 006 10;512 :03 3 ;708005 6 ;803:98 17$878066. 844: 47 .189723-.13 2.4953-659 182.40 .53 .15, 586:61 52 ;4851 599 :68 55;028: 19 599.28 10~43 69,30 45,289.72 480350 :31 2,420 :08 50 ;770.39 8;460.53 42,309" :86 9 ;181 :74 458 :47 9;640:21 1,606 :73. 8 ;033:48 5 ;172:93 155-21 5; 328:14 729.98 4, 598;16 - 5; 544.54 271 :82 5; 816 :36 854 :1$ 255.42 5:32 49701-44 6,900.57 345.08 7.245.65 1,111.81 6,133.E $ 198,628.77 9.240.12 207,868.89 54.006.25 1,722.50 18.62; .$ 69:30 $ 152.052-.22 . 6- 663: 42 391.89 7 ;061:31 ' 2, 607:28 35:25 4; 418:78 1;608 :54 96 :48. 1;705.02 632:66 1,072 06 10;850 :20 541 :45 11 ;,39110'65 1 ;898:53 9,493 :12 13;766 :60 539.98 708 :20 15 ;01.4 :78 2;483:06 0 107.98 12,423:74 16,782:00 x25:07 17,607 :07 2,853 :49 466:28 11:08 14,276:22 52-694 :93 170:84 5;865.77 803.61 5,062:16 9;074:16 453:82 .9452MS 1,46206 8 ;065:92 5; 608: 89 26'x: 5?� . 5; B�Ei :`2�3 862 :04 2 58:39 4, 756 :00 3. .61 :mo - 4.000,60 614:28 . 3.38602 $ 73.858.5 5 9." 3 3, 652.28 P 78,050j,61 1.4.21701 832065 3 17 -.08' 3 35.25 .62,954:62 $ 15,678.52 470.32 16, 148 8 4 2,2124i40 13.936:44 9b 288,165.64 539.98 13, ,362,72 2.7a 302.068.34 29:701 104.55 79o435.:66 i 228:9 3[� i 228= 419 VILLAGE OF EDINA Schedule E-3 Special Assessment-,-�Pgn s Statement of Delinquent Special Assessments - Year Ended December 319 .1948 - -- . -5119- -- Certified in Delinquent 1947,-for Received Due from Delinquent Funds Jan, 1. 1948 'Collection Adjustments Total 'from County _ County Adjustments Dec. 31, 1948 Sewer District Funds Joint Sewer District No, 1 1,988.33 13s397.07 $ 15,385.40 82722.16 $ 49583.21 2,080.03 Nos. - 3 m 25647 :'25.v"47 : 2143 444 4 .161046 1; 487.77 19649.23 191120'28 519.39 174;56 5 '57.41 1,388.59 142.21 1,588:21 1;020.09 481:34 86478 b 9.17 334.92 ,10.33 354.42 226:08. 128.34 7 1570'59 2; 5254"11 2$682070 12774022 - 795.57 112,91 8 348:23 7,183.90 79532.13 4,245.59 2,864.65 421.89 8 outlet charges 1,685.04 1,989.92 3,624:96 1;055:59 871:36 1;698,01 9 1,274:08 39809.66 59087:74 39042:90 750:24. 1,294'60 12 341.48 3;092:05 3,433.53 19807:45 1,017.23 60845 13 997:71 9.1556o75 10; 554:46 5, 595:10 3, 514:77 1,14:59 J 15 308088 8;762466 99071.54 59838:11 2,868.57' 142:21 2226-65 16 102.39 1,623:47 1,725.86 19130;03 438:35 1574;4.8 18 678:43 678:43 426031 215:78 3604 19 855.00 604 855404 447:21 407183 20 999.37 999. ? _ 583.32 307.91 108:14 Total Sewer District Funds 7,411.24 # 574684667_ $ 152:58. 65j248.49 37.047 : 15,764.54 ' 142:21 8,293:87 Water Main Improvement Funds Nos.:. 1 $� 61.56 29739.86 347.41 a 3;148483 19917:56 .942:11 289.16 2 157.25 664:65 821:90 527:87 279:15 14.88 3 336:83_ 1,935:12 2;271:95 1,479:74 461:08 331:13 4 83:54 2,494:95 2;578:49 19621:00 779:68 177.81 5 .125092 3,041:82 3,167:74 1,0166-91 898041 ' 352:42 7 - 747:86 747:86 4696-75 2384;06 4045 8 2,044:19 29044:19 745008 907:77 391.34 9 850:57 002 850069 5130-28 337:31 10 890.49 - 890:49 548.15 254:98 8766 Total water Main Improvement Ponds 765.10 15.409.51 347.43 16.522:04 _ 9.739.34 5.098:55' 1,684:15 .Street Improvement No: 1 Fund . 2,26 2.264.25 1,240:97 4 898.'6 12 Totals 80176. 75.358:43 X00:01 84:03G. 78_ 48028.18 25, 761.E Total to Exhibit E-1 10,102:67 -- . -5119- -- Issue Serer Marrants: District -NO9 - Joint.District .No' 1 Joint District.NC. 1 5 7 8 9 13 ,15 16 18 19 20 Water Blain. Improvement Certificates of Indebtedness: Nos. 2 4 5 7 and 8 9 10 Street Improvement No. 1 Certificates of Indebtedness. Totals VILLAGE OF EMNA Schedule &-!-a Special Assessment Reds Bonds Payable — Year Ended-December`31, 1948 - Interest Balance Paid in Balance Date Rate Jan. 1 1948,. 1948 Dec. 31, 1948 Sept. 1; 1939 - 30- 13 000.00 6;000000. 4 7,000400 Aug. .15' 1940 1.75 4,500400 2,500.00 2,000.00 July 3.1; 1938 5. 1 500.00 1.1500600 Nov. 1 ;: 1940 2:5 3;000.00 2;000.00 4000.0 Nov. 1,. 1940. - 25 5s500.,00 3;500,00.. —2. r Non. - 1;, 1940. 4.25 .35,000.00 8,000.00 .- 27,000.00 Feb, 1: 1942 1.5. .19000.00 4;000.00 15,000000 Jan. , 1;.1946 2.25 17;000.00 2,000.00 15,00000 July 1-.1,1946- 40 59,500.00 6,500:00. 53=0000'00 Septa 1;. 1946 46 . 57; 000.00; 62000400 512,000.00 Sept.: 1;, 1946 4. , 10,500:00 1,,000,00 -. 9500.00 July 1; 1947 1.4 %000,;00 5 July l-, 1947 3* 75 7,000000 500.00 6,.500:00 July, . 1, 1947 3.75 7, 500.00 500:,00 7,000.00 Aug. 1, 1941 165. 12;000 0:00 3 #00040: 9,000:00 Oct.- 1; 1941 2.5 2 ;,350:.00 500.00 1,85040 Sept. 1; 1946- -1 +25 12 ;00040 12'500:00 10,500.: Oct. 1; 1946. 1.3 16;000:00 3-;000.00 ,13s000.00 Oct 6, l; 1946 103 22; 000.00 3, 000:00 .19,0004900-- July 1 ;. 1947 1.4 17;000:.00 17,0:00 Oct. 1; 1947 2. 6,000.00 500.00 5,500.00 Oct 1,.1947, 2. 4;;500:,00 500:.(30 4,00040 July 1, 1947 1.4 18;000.00 MOM= .354%850499 3 56�000 -00 298.850:00 Sever warrants: District No Joint District No-, 1 Joint District No. -1 5 8 12 13 15 16 18 19 20 Total Sewer Warrants Water Nain Improvement Certificates. of Indebtedness: Nos, - 1 2 4 5 7 and 8 10 Total Water Main Improvement Certificates.of Indebtedness Street Improvement No: 1: Certificates of Indebtedness , 1947 1,4 %_ Totals Totals to Exhibit E-1 1,142.50 79,850.00 10,000,00 69,850.00 - 11,000.00 2,10,350.00 411,000.00 7,500,00 30.000. -00 245.00 _18,000.00 1,000.00 Oi 17.000,00 1,000.00. 2,000.00 � 2,000.00 `� 2,000,00 � 10,000.00 ,298.8 0.00 i3 41, 500.W 45.. g 1 OOO •00 & 27,000,00 99____500cw 54,000400 921,,6..85040 - 1 52- VILLAGE OF EM NA Schedule E-!y-b -Special - Assessment Rinds Bond Maturities and Interest _ December 31, 1948 -. Total Bonds Bonds beferred Interest Outstanding Bonds After- Bonds Payable in Interest Payable in Dec. 34 Payable in Dec,. 34 1954 to 1958 Date' 19,69 -1-249 _ 1949 1949 1950 _ 1951 1952 1953 inclusive Sept. 1;'1939 3: % = 210 :00 7,000 :00 7;000:00 Aug: 15,,1940 1 :75_ 35 :00 2,000.00 •`. 2;000 0'00 Nov. 1;'1940 205 25 000 1,0000,00 .'- 1;000 :00 Nov. 1,'1940 215 50 :W,. 2- 000,00 2;000 :.00 Nov: 1, - 1940 4.2 5 1.,215 00 279000.00 9, 000 :00 18, 000:.00 720000'.00 1100000'00 Feb: 1, 1942 1:5 225 000 15,000.00 5,000 :.00 10,000:00. 5,©00 :00 5,000..00 Jan. 1, 1946 2:25. 326 :25. 15,000 :00 2;000 :00 13,000 :00' 2,000 :00 2,000 :.00 � 2,.000 00: � 2,000 ::00 � 5,000 :00 ,.July- 10 1946 4 :. 2,060 :00 53,000.00 6,500 :00 46- $500:0 6,500 :00 6,500 :00 6,5000.00 6,500 :00 20,500 :_00 Sept: 1, 1946 4: 1,880 :00; 51,000 :00. '. 6 000 :00 45;000.00 6,000 :00 6,.000.00 6,000 -.0o 6,000.00 21,000 :00 ..Sept. 1, 1946 4' 370 :00 9,500 :00 1,000.00 8,.500 :00 1,000.00 1,000.00 1,500 :.00 - 1,000:100 4,000..00 July 1; 1947 1 :4 70 :00 5-000."00.'' 5- 0(0:00' 1,000:.00 1, 000 :00 - 3.4000-00 July 1 1947 3.75 243.75 6,500 :00 500 :00 6, ;000.00 500.00 1- ;000 :.00 500 :.00 1,000:00 3f000 :00 July .1, 1947 3.75. 262.50 7,000.00. 1,000.00 6.000.00• 500.00 1,000.00 500.00 _ 1,000.00 3,000..00 7,072.50 U201,000900 43 ,000.00 $158,000.00 - 29.500.00 - 33, 500.00 1g, 000.00 17,500,40 52,500.0 0 .Aug.- 1, 1941 1 05 % 3 135 -00 9,000:00 2,000 :00 "7,000.00 3,000 00. 2,00000 2,000..00 Oct." 1, 1941 2e5 46 :25 1,850 :00 -500.00 '1,350.00 500 :00 -850eOO Sept. 1, 1946 1 :25 131:25 ° 10; 500 :UO 1,000 :00 9, 500:00 1, 500,00 1, 000 :00 1, 500.00 d9 1, 000.00 4, 500.00 C? t- 1,.,1946 1 :3 169:00` 13,000:00 11500.00 11,500.00 2,p000.00 1,500.00 2,000.00 1,500.00 4,500.00 Oct: 1; 1946 1.3 247 :00 199000 :00 3,000.00 i6,o00 :00 z,0oo.00 3,000 :00 2,000 :00 2,004 :04 7,000.00 July 1, °1947 104 . 224 0'00 17'000:00 1,000:00 16;000:00 1,000ed 1,000.00 2,000:00 2,000.00 103000.00 Oct: 1; 1947" 2: 110 :00 5,500 :00 500 :00 5,000.00 500.00 500 :00 19000 :00 500-00 2,500 :00 Oct. l,. °1947 2. 80.E 4e000.00 500.00 3.500.00 500.00 500.00 500.00 500.00 1.500.00 Total Water Main Improvement Certificates.of Indebtedness Street Improvement No: 1: Certificates of Indebtedness , 1947 1,4 %_ Totals Totals to Exhibit E-1 1,142.50 79,850.00 10,000,00 69,850.00 - 11,000.00 2,10,350.00 411,000.00 7,500,00 30.000. -00 245.00 _18,000.00 1,000.00 Oi 17.000,00 1,000.00. 2,000.00 � 2,000.00 `� 2,000,00 � 10,000.00 ,298.8 0.00 i3 41, 500.W 45.. g 1 OOO •00 & 27,000,00 99____500cw 54,000400 921,,6..85040 - 1 52- VILLAGE OF ED7NA Schedule E-5 Special Assessment FUnds Payable to City of Minneapolis for Portion of Cost for Sewage Disposal Plant and Interceptor Sewer Outlet - December 311 1948.- Portion for which payment.is provided from Joint Sewer District No; 1 property assess - gents receivable in 1949 to Exhibit E-1 J 2, 19:22 Portion for which payment is to be provided for from future assessments: . 1950 $ 22-862037 1952 2,615.45, 1952 2, 563956 . 1953 2, 526.00 , 1954 2; 480.52 1955 2'4420,86 , 1956 .2j390-9-00 1957 2,33 ?e16 1958 21291054 1959 2,238.51 1960 2,192.71 1961 2,139.43, 1962 2, 086.16 1963 21033-03 196+ 1,979:61 1965 13298033 1966 11004,05 1967 334.78 1968- X5:22 Total amount to be provided from Future Assessments to Exhibit E-1 X11.29 53 o• - - VILLAGE OF EDINA. EXHIBIT E-5 Special Assessment Funds Summary of Receipts and Disbursements Year Ended December 31, 1948 -1. Balance - Receipts Disbursements. Balance Funds Jan. 1. 1948 Schedule E-6 Transfers Total Schedule E-7 Transfers. Dec. 31, 1948 _ .Sewer District lknds: Joint Seer District No. l 6,267.94-. 8,817.37 15, ©85.31, 10072.38 - 2,189.33 .3 2,523..60 Nos. - 3 2, 469 :93 21.43 219491 .36: 2, 491.36 4 .514037 1 ;112.28.. 1;$26:65 1;577.88. 49.77 5 1,899 :85 1,020.09, 2 ;919:94• 2,256.95 662.99 6 902.55 226.08 1 ;128.631. 1 ;128:.63 - 7 2 ;942:58 1; 774:22 4; 716.80. 3196434"95; . 1, 073.75 8 6; 507067 71461-54 13; 969:21: 99679 *19 , 382.00 , , 3..9080'02 9 1 ;144.06 3082.50 65 4 ;292.1 4x14: . . la 1, 396:06 1,,0:38 3, 386.44.. 2075'75 1.1010069---- 13 2,495.80 6;219:35. 1 ;018.95., 9,734.10. 8,833.94 890.16• 10000 - 15 16 4,450.99 5PS64.36 3$345.65. 133661:00 8,233:05. 3,345.65,, 2,082.30 1,885.06 12130003 3 ;015.09, 1,416.86, 1,,598.23 - l8 426.31: 873.94. 1; 300 . 432.11. 846.03 ; . 22.11 19. 1,367:76. 707:95 2 ;075.71• 763.97,. - 1,311.74. 20 441:17 :. 583.32 1.024.49 782.77. 241.72 Total Sewer District Funds$ 34.68509. 40.437.21 5, 304.121 �$ . 80.427.12. 6 54, 660.04 7, 653.17 : 4 '. 18,113691 Water-Main Improvement Fluids: Nos. -- 1 2 ;668 0_80 1,917 :56 253.70 4s840.06 1 3,185.75. 253.70 19400.61 2 4055.45 528.54 1;583.99 560.74. 1,023.26 3. 1 ;256:20 1 ;479 :74., 2 ;735.94 1,957.17 7789.77 4 . 2s785097 119728'9s 4, 514:95 3; 646.63. 868.32 5 7 and $ 5;544:07 1,828.72 2;394.27 1,214.83. .7,938 34 3,.043.55.��' ..: 3,566.01 358.10 74.27. 4 ;372.33 2,611.18 9 1,395.19. 771:67 2,166.86- 1,200023 966.63 10 740 :40 - 548:15 1.288.55•, 1 0 373.05 Total dater Main Improve- ment Rinds 17.274.80 ' 10,583.74 2 3.70 28,112.24 15,390_13 $ 327.97 12,394.14 Street Improvement No, 1 Fund 47-2.83. 1,2401,97 1,713.80-A 379.17 ' 3 6 .75 . 9 - 1.265.88 Totals 52.433:42 Q. 52.261.92 A .5.557:82 110,253.16. 70. 8.045:89 L , 312777.93 .. 7 9 12 15., 16 18 19 20 Ylater Main Improvements: Nos. 1 2. 3 4. 5 7 and 8 9 10 Street Improvement kb 1 Totals VILLAGE OF EM NA Schedule E-6 Special Assessment Fands Classification of Receipts Year Ended December 31., 1948 - Special Assessments Collected by Total to Delinquent Village. Int6riast on Sale of Bent of Exhibit E-5 'taxes County Principal :Interest !Investments Scrap Equipment 8817.37 8,722:16 43-55 .78 4 50,88 2143 21,.43 1,1,112 -28 .1.4112.28, 1,020.09 1.,020-%09 226'08 2608 . -226.08 1197740 22 1-1774.22 7- 461.54 5, 301.18 641e85 .1-56 1619'95'- 105500 %082,50 3026 3J-4- 042.90 36.34 4990-38 1s-807o45 182..40 53 6,219'35 5,595:10 '10 599.28 10.43- '14-54 .5-064.'j6, 5JI83W..11 26*25 1 130.'03 .1, P130 003 426:31 4264.31' 707^95 447.21- 255,42 1 5#32 583632 58302' 109176'56 1.,9174-656 528.'54 667 527'687 1-,4790'74 13479O74 1`7M98 1 62ib'oo 107.98 2'3946*27 -91& 40 91 466 28 1P2144083 1.,214'--83 '7711167 513428 258.439 548i'b15 548615 1,240;,97. 1.240.97 A_12 I _49.j.0�28 18 I_ 2,x555j5 91 k 29:70 128,01 5 I§L*M S lx x35 VILLAGE CF EDINA Special Assessment :Funds Classification of Disbursements, - Year Ended December 319 1948 - Fis cal Peder Agent's Refund of Mickelsen Total to Debt Redemption Service Service Special Contract.,: Connection Funds Exhibit E-2-_ Bonds Iftterest Charges f Connections' Assessments_ Publishing PMents Charge Sewer Districts; Joint Sewer District No 1 10,372,38 8,500.00 468.75 13.73 Nos :.11.500.00 4 131577.88 75.00 2.88 5 2.256'95' 2, 000.E 75.00 259 $G 17).06 7 . 3,64345 33500.00 137.50 50'55 8 9,679.19 890.00 13:94 90.25 g 4,292.1! 4.,000:00 ,1x575.00 2850'00 7.11+,. 12 ' x,, 375.75 ; 2, 000.00 371:25 4.50 13 .8-833-94 6, 500.00 2, 320.00 73.94 15 89233.05 6;000.00 2,220.00 13.05 16 1,416.86 1,000.00 41040 3.26 36U 18 432.11 105.00 032 19 763.97 500.00 262.50 1:47 20 782..77 500.00 281.25 1.52 Water Main Improvements; Nos. o 1 3,185.75 39000.00 180.00 5..75 2 560.74 500.00 58.75 1.99 3 . i, 957.17 , 500.00 150.0 3..69.. 3.60 4 3.9646.63 3;000.00 208.00 4.50 5 3, 566.01 39000.00 286.00 41-50, 7 and 8 35840 357.00 1.10 91 12200.23 500.00 150.00 2.63 547.60 , ILO 915:50 500.00 112,50 < : .626 302.38 Street Improvement No. .1 379.17 278.00 1.17 Totals 700429.34 t 56.OD0� � 10.4bb,50 109.81 � 179.36 � 90.25 �� 7.20 Z��II �a 547.60 � 302.38 _ Schedule E -7 ,ity of Minne- apolis for Minneapolis— Saint Paul Clerical Sanitary and district Bonds Engineering Equipment and interest Services Rental 1,385.55 4.35 $ 326.79 299.88 434.13 275.51 1385.5 ? 1.336.31 �, 4. 0. C, j VILLAGE OF EIHNA Special Assessment Funds Statement of Transfers - Year Ended December 31, 1948 - Schedule E-8 Transfers Receipts Disbursements Loans from General Fund: Sewer District Nos. - 9 December 13,'1948 65,58. 13 June 30, 1948 1,1008995 15 15 August 25, 1948 3045065 18 June 30, 1948 70.17 Water Main Improvement- No, 1 June 30, 1948' 253.70 Total Loans from General Fund 4.744.05 Reimbursements of Construction Costs: Permanent Improvement Revolving Fund - Sewer District No.'13 10600 Joint Sewer District`No. 1 - Sewer Di strict. No. 18 803677 Total Reimbursement of Construction _Costs 813.77 Repayment of Loans from General Fund: Sewer District Nos. - 13 December 13, 1948 890.16 15 December 13, 1948 3,345:65 18 December 13, 1948 70.17 Water Main Improvement - No. 1 December 132 1948 253:70 Total Repayment of Loans from General Fund 4, 559.68 Repayment of Construction Costs:' Permanent Improvement Revolving Fund - Slever District No. 18 775.86 Water Main Improvement Nos.7 and 8 74.27 Street Improvement No, 1 64.75 General Fund - Sewer District No. 8 382 -.00 Sewer District No. 18 Fund - Joint Sewer District No, 1 803.77 Total Repayment,of Construction Costs 2.100.65 Repayment to Sewer Rental Fund for amount paid to Minneapolis-;6ai.nt Paul Sanitary District sewage disposal plant - Joint Sewer District No: 1 8 1.385.56 Totals to Exhibit Fr-5 5.5.5.7.82 8.045.89 57 0; K I VILLAGE OF EDI NA Permanent Improvement Revolving Fund Balance Sheet - December 31, 1948 - Assets Treasurer l.s cash balance - Schedule F -1 Special Assessments Receivable: Current - Schedule F -2 Deferred - Schedule F-2 Delinquent - Schedule F-3 Due from County: November 1948 tax settlement - Schedule F-3 Due from other funds - Schedule F-4 Construction in progress - Schedule F -5 -b Total Assets Liabilities, Reserves, and Surplus A.ecourits payable - Schedule F•5-a Contracts Payable - Schedule,F -5-a: Retained percentage Uncompleted construction. Water main sewer connection deposits - Schedule F-6 Due to Other Hinds: General - Schedule F -7 Working Capital = Schedule F-5—a Permanent Improvement Revolving Fiend Bond Sinking. F` nd = No-. 1 No., 2 Reserves: Fbr con�ingencies - Schedule F-8 For construction Surplus.- Exhibit F -2 Total Liabilities, Reserves, and Surplus EXKBI T F-1 $101,488419 51,'648.03 188,261x22 2,276.64 6,229.73 5,815.83 _87 6550'67 a4.4�.3'75.�1 2,029.76 31,858.15 72,038:10 3,,690-45 437.53 43:50 79:48 571:88 23,s559-34 297,290:00 11.777.12 y�4QJ75. 31 9 VILLAGE OF ED1 EXHIBI T F-2 Permanent Improvement Revolving Fund Analysis of Changes in Surplus Year Ended December 31, 1948 — Balance January 1, 1948 1,817 06 Additions: Interest spread on deferred assessments for collection in 1949 9,743.81 Premium on bonds sold 505.00 Interest on investments sold 619.93 Adjustment of assessments receivable 30115 Total Additions $ 10.898.89 Balance and Additions. 12.715.95 Deductions:. Legal expense = bond issue 550.00 Bond printing 249.95 Construction cost over assessments spread 59_.40» - Accrued interest on bonds sold.in 1947 to be transferred to Permanent Improvement Revolving Fund Bond Sinking Rind No. 1 79.48 Total 9L483 Balance December 31, 1948 to Exhibit F - -1 A 11.777.12 -Curb and Gutter: Halifax Avenue from Market to 50th Street 0 46.20 North Side of Market Street, Halifax to France 13.20 Total 59 7 0- VILLAGE OF EDINA Permanent Improvement Revolving Fund Statement of receipts and Disbursements Year Ended December 31, 1948 - Schedule : F-1 Balance January 1, 1948 5 10,677.58 Receipts; Special Assessments - Collected by - County - Schedule F�3 8,548.50 Village - Schedule F - -2 9,418.74 Water main Connection deposits - Schedule F-6 1,927.21 Borrowing - Permanent Improvement Revolving Fund bonds of 1948 - . Bonds- Schedule G-2 150,000.00 Accrued Interest 571,88 Premium 505.00 Sale of Investinents - United States Treasury certificates of indebtedness 7/8% - Certificates 901000,00 Interest 619.93 Village share of improvements 5,1501.09 Total Receipts $267.092.25 Transfers: Special Assessr„ent Dinds -.Balance of construction dosts - 6Yater Main Improvement Nos. 7 and 8 74:27 Sewer District No.:18' 775,86 Street Improvement No: 1 64.75 General Fund - Water main and seer connection deposits 1,469.24 Total Transfers $ 2,384.12 Balance, Receipts, and Transfers 80 1 Disbursements: Cost of Construction - Payments on contracts - Scheduler 5 -a 98, 91.40 Other'- Labor 2,699.18 Equipment rent 1,348.08 Water main connection fee Peder Mickelsen main 673608 Material and supplies 12357.87 Legal 494.75 Land 4,200-0'00 VILLAGE OF EDIN Schedule F -1 Permanent Improvement Revolving Fund Receipts and Disbursements (Continued) Disbursements: Cost of Construction Other - (Continued) Advertising 821.00 Clerical and engineering services. 6,774.91 Total Other - Schedule F=5-6 18.368;89 Total Construction $116,960.29 Legal expense - bond issue_ 550:00 Bond printing 249.95 Interest on bonds - - Permanent Improvement Revolving Fund Bonds of 191 +7 31000-60 Permanent Improvement Revolving Fund Bonds of 1948 1,687°50 Fiscal Agents service charges 12-00 Total Disbursements "'122,460.34 Transfers: Sewer District No. 13 Fund 10.00 General Fund 23,485.52 Permanent Improvement Revolving Fund Bond Sinking Funds = No-: 1 12, 810.00 No, 2 19-.900:00 Total Disbursements and Transfers$178,665,86 Balance December 31, 1948 to Exhibit F=1 A101,488.lg 61 VILLAGE OF FDILA Schedule F -2 Permanent Improvement Revolving Farad Statement of Current and Deferred S_ al Assessments Year Ended December 31, 1948 . Certified to County for Deferred Assessments Spread collection _Collected by Village Deferred P roi ec, ts Jan. 1., 1947 Principal Interest Zbtal in 1969 Principal Interest pee. 31, 194-8 Curb and Gutters Oak Drive, St. John and Concord $ 4v549,08 227:49 $ 4,776.57 $ 2, 502.03 20274e54 France Avenue West 51 to 101est 52 Street 1,152.00 57.60 1,209.60 633.60 576 *00 Halifax Avenue from Market to 50th Street, Street Improvement Now 38 $ 60219 :99 96 :36 62316 :35 1,340.79 4,975.56 West 56th Street between Wooddel.e and Concord 6,848.62 228.28 7,076.90 1,598.11; 5,478976 North side of Market Street from. Halifax to France Avenue 1,083.78 19.47 11203.25 23603 866.92 Sidewalks France Avenue West 51 to West 52 Streets 699.70 3%00 734.70 384:85 349.85 7hielen Avenue 30089.16 ION% 3,191.20 719+92 2,471.28 Sanitary Sewers Indianola Avenue ,- Supplement 38.16 1191 40.07 8.27 31,80 Nos. - 14 Gorgas Avenue 2,696072 138 076 20835948 475985 2,359.63 17 Colonial Square 2,723.56 136 :24 22859 :80 . 476 :67 2,383 :13 21 France Avenue 11;296 :32 376 :20 11.672:52 1,505 :94 10,166.58 22 Nest Sunnyslope Road 1,896.56 54,78 1,951.34 244.49 1870645 Storm S ewers t Nos. U 3,139:92 156:98 3,296,90 505 :86 20791.04 13 628.93 31,45 660 :38 -101.33 559 *05 15 7,692995 255.60 7,948.55 12026.20 6092205 Water Fain Improvementes Nos. - 6 3;326 :15 16600 30492 :45 582909 20910.36 31 6#516:17 52644 7,043 :01 1,430.57 58612.44 12 30,117 :08 10972.27 322089.35 4,984.86 27,104.49 13 7,603.44 568 :10 8;171:54. 1,601.87 $ 265.50 11910 60293.07 14 30;116 :91 970 :64 310087 055 3,957 017 271.32 268859*06 15 10,485,94 329:78 10.815:72 1,931.28 8,884.44 lb 10,544:75 336,08 20,880 :83 1,931.59 8,949.24 17 29585.12 8404 2,669.16 342.84 2,326.32 Street Improvementst Grading .• Beard Avenue 486 :30 29-08 515:38 515:38 Gorgam Avenue 274.?3 34.11 308.84 308984 Nos*.• 2 Parnell Avenue � 60%4s 14:50 619.90 216.30 403x60 16 Adams Avenue 1;015 :10 33 :76 1;048:86 372.30 676.56 20 Code Avsuue 8,644:69 259.46 8,904:15 3,147..29 5,762.86 a Grove Street 373.06 9.74 382,80 134.16 248964 VILLAGE OF EDINA Schedule 1-2 Permanent Improvement Revolving Fund Current and Deferred Special Assess - ments (.Continued) Certified. to County for . Deferred Assessments Spread Collection Collected by Village Deferred Projects Jan. 1; 1947 Principal Interest Total in 1949 Principal I Interest Dec. 31, 1948 Street 'Improvements: (Continued) Black Topping Golf Terrace Heights 2nd Addition 2;264;78 113:29 a; 378 :07 $ 1;245 :68 1,132.39 Countryside Addition 17413 :28 870: 64 18,283:92 5,223 :96 i 13,059:96 Valley view Heights 8,133.44 397,33 8,530.77 2,383:96 82416 6,06465 Nos. 3 Rutledge Avenue 2,68( :80' 31 :.7 ' 2 -78 -54 X9.98 2 ;151.•5b 4 Bedford Avenue 1;543 0-74 51:44 1;595 :18 360.22 1 ;234 :96 5 -56th Street 3;364:76, 112:12 3-1 470-88 785:12 2,691 #76 8 Kent .Avenue ..3;045 :82. 79.52 3;12.34 1 ;094 :82 �` 2;030.52 9 Edina Park 4;504:12 .135:07 4,639 - :19 1,036:07 3;603 :12 10 Concord Avenue 2,590 :88 77 :71 2,6680'59 596 007 2,072 052 11 South Extension Golf Terrace 729:36 - 19 :03 748:39 262:15 486.24 12 Lexington Avenue 452 :30 13 :58 465:88 •.,104:08 361.80 13 Wooddale Avenue 519-339020 - 139036 5, 478 :56 10919032 3, 559 :24 14 Edina Highlands 18,068 :42 331 :35 18 ;399077 2,0830'75 8,997.96 62.02 7,2564f'04 19 Market. Street 3,265.31 58.77 1324:08 712:04 2.6124 4 Totals 91,725.28 `148 1 0 22 9.743:51: 249:59.1 9:616:94 73:12 Totals to Exhibit F=1 648.03. 188x261:22 Cash Receipts to Schedule F-1 9,345:62.' 73:12 Transferred from Water Main Connection deposits 271:32 - Total 9:616:94 13 73:12 • I i I 63 VILLAGE OF EDINA Schedule F -3 Permanent Improvement Revolving Fund Statement of Delinquent Special dsses� is - December 31, 1948 - Due from.. Certified Received County Nov. Delinquent in from 1948 Tax Delinquent Jan, 1, 1948 1947 Total County,_ Settlement Adjustments Dec. 31, 1948 Sidealk, Curb, and Gutter: Old 1530-50 153.50 30.90 122.60 Sidewalks No. 10 36.29' $ 296.27 332. -56 186,89 75.08 70.59 Sidewalk,'-.France` Avenue. 51- to 52 Street 379006 379.06 205055 119.07 .03 54.47 Oak Drive; St..John Avenue,.Concord Avenue 2,464,99 2,464.99 1,379.36 876.13 .10 ?A9.b0 Curb and gutters,P+ince Avenue, 51 to 52 Street_. - 624.09 624.09 338.39 196.02 .03 89.71 Sanitary Seger. -Old and Indianola Avenue 605.61 35.31 640.92 99,81 -- 14.32_ 526.79 District No. - 14 6.54 492.91 499.45. .357.80 144.56 28:08 25.17 17 ' 47.29 436.17. 483.46 288.79. 106.13: 88.54 Storm Seger.: No. 11 534.97 534.97 279.80 255.23 .06' = -No. 13 91.55 91.55. 55.34 28.12 04 &.13 Water brains - -No• -6. 54.04. 602.90 656.94 349.31 121.16 186.47 - Edina-Court 135.58 135.58 135.58- .Wooddale- Avenue 78.50 78.50 24.66 53-84 Grading: Dewey Hill Road 164.32 164.32 45.81 118.51 Beard Avenue 59.35.: 544.62 603.97 259.89 222.68 121.40 Gorgas Avenue'" 25,73 326.30 352.03 239.70 9500 16.63 Street:Oiling: Old 226.52. 226.52 29.89 14.62 182.01 Black Topping; Valley - View Heights Addition 21316058 22316.58 1,157.61 4069008 422 90.11 Country -; Side . Addition 4,960.36 4,960.36 2, 539.17. 2,422.64 1645 Golf-.Terrace 2nd Addition 12227.12 1,227.12 694-49- 427.03 +14 105.74 Weed Eradication: Old 98.25 98.25 10.00 17.50 70.75 Totals 6 1..69152 1 3 33,. 20 $ 17 "� 024-.72 $ 8.548.50- 30.25. Totals to Exhibit 1L1 - 6.229473 2.276,64 r VILI:AGE OF EDINA Schedule Fti-4 Permanent Improvement Revolving Rind Due From Other Funds - Year Landed December 31, 1948 General Fund Balance January 1, 1948 3,718:37 Village share of construction cost 4,432.44 Total p 8,150.81 Received from:_ General Fund . 6,970.33 Street Improvement Fund Na. 1 Fund.64.75 .Total 7,035.08 Balance December 31, 1948. 1,115.73 Permanent Improvement'Revolving Fund Bond Sinking ' Fhnd No. 1 Payments for debt service made from Permanent Improvement Revolving Fund;. -. Interest due October 1, 1948 3,000:60 Fiscal agent's service charge 7.fO Balance December 31, 1948 s. 31008.10 Permanent Improvement Revolving Fund Bond. Sinking, Fund No-, 2 Payments for debt service made from Permanent Improvement Revolving Fluid :— Interest due January 1, 1949 1,687.50 Fiscal agent's service charge 4.50 Balance December 31, 1948 1.692.00 Total Due f rom Other Finds to Exhibit -3 5.815.83 65 VII IP._GE Or E;DI M . Permanent Improvement Revolving, Fund Statement of Construction Costs - Year Ended December 319 1948 - Payments Balance Contracts Other Other Project Jan.' 1, 2,%8 'Additions Deductions Costs Total-1- Contract' Direct- Transfors Curb and Gutters West 49th Street from-France Avenue to Maple Road $ 3,855.00 $b 143.52 294.02 4,005.50 $G 3,711.48 294.62 Halifax Avenue from Market Street to 50th Street' 60.80 60.80 .10.80 West 56th Street from Wooddale}to Concord °7600.00 11444.80 .465.08 6,620.28 6,155.20 46548 North side of Market Street. from Halifax to France ',1,060.80 31.00 9348 4123.38 °19029:80 45.60 Cascade Lane 9.10 9110 9.10.,,r Sidewalks: Thi.elen Avenue ;2,707.50 216.48 2,923.98 2,707.50 216.48 Repairs 22.20 22.20 22.20 Sanitary Sewers: Nos. 18 10.15 10.15 10.15 21 99560.45 394.80 798.40 209264.05 9,465.65 798.40 22 1 ;597..05 176.36 1,773.41 661.55 276.36 Bro�mdale Park 7.10 7.10 7,-10 Storm "Sewers; Nos. 32 234.65 154454 389.19 389.79 15 6,479.25 558:39 74037.64 6,479.25 558.39 16 2,996450 183.44 3,179.94 2,596.68 283.44 'dater Main, Improvement:. Nos. 7 74.27 74.27 74.27 . 11 732.55 732.55 - 417:45 315.10 , r `22 3, 233.04 711.60 25.90 2,547-34 2, 521.44 25:90 13 958.53 958.53 600:55 357 -.981 14 269055:75 688.85 2;234.85 27,604.75 25,369090 2,234.85 15 ;8;724.90 420.35 430248 9;606.63 8 9304.55 688.96 lb ; 8,377.25 1,323°35 9;700.60 8 ;377.x5 722.85 17 2,193.W 18.15 196.54 2,371.39 2;174085 196.54 Abbott:-.Avenue 3.6o 3.60 3.60 Paving - France Avenue 58.30 58.30 5800 Grading: No. 18 Market. Street 119.15 119;15 119.15 Brookside Heights 16489 16.89 - 16.89 No. 21 Grove Street. 1000-67 28.42 129.09 7.20 Lexington Avenue 103:61 103.61 103.61 56th Street from St. Johns to-Wooddale 87.83 87.83 87.83 60th'Street: between Hanson Roaxi to Normandale Road 1;503:45 385.85 256.65 - 457.98 2,090.63 11632.65 457.98 - No: 20 Code Avenue between Grove Street and Vilest 60th.Street 890.92. 85868 1 ;749450 1,749.50 P?o:o' -20. Benton Park 3, 533.00 903:68_ . 2,629.32 2,629.32 Ridge Road 64.03 387.36 451:39 451.39 Schedule F -5-a Contracts Payable Retained Uncompleted Due to Accounts Percentage Construction Other ��s P&mble 29.20 20.80 47.98 I- 935.50 399.6 i 613.12 600.50 100.67 21.22 I i e Pro ect Grading: (Continued) No. 2 Parnell Street No . 16 Adams Street Kent Avenue Jefferson Avenue Extension of South View Lane West 56th Street Van Buren Avenue Black Topping: Sunnyslope Countryside Creston Hills No. 14 Edina Highlands Edina Hi.11s Valley View Edina Park No. 13 Wooddale from 50th to 56th Street No. 13 Wooddale from 56th Street to Tower No. 10 Concord and Lexington to South View Lane Golf Terrace Heights 2nd Addition No. 15 56th Street between Wooddale and Concord I4i.rror Lake No, 4 Bedford Avenue No. 19 Market Street No. 3 Rutledge Avenue West 56th Street to Zenith No. 12 Lexington Avenue ;Yood7zW Road St. Johns from Oak Drive. to Golf Terrace Parkwood Knolls No. 31 South Extension of Golf Terrace Cascade Lane No, 8 Kent Avenue Yvonne Terrace Schaefer Road Madison Avenue Chovien Avenue Street Lighting: France Avenue to 50th Street Cascade Lane - Light Pole Totals Totals to Schedule F -1 Totals to ExI ibit F -1 VITIaGF OF EDINA Payments Balance Contracts Other Other Jan. 1j 19/48 Additions `Deductions Costa Total Contract Direct Transfers $ 500.00 $ 857.75 748.80 14,666.96 536.96 1.,525.3-1 2, 640.00 1,965.92 29.04 334.40 475.09 41.02; 1,008.00 1,721.82 142.60 10885-00 857-75 142.60 110220.00 1,403.51 15,600.00 204.68 1, 550.00 748.80 204.68 877.50 41650.00 32900.00 74.00 1,536.00 74.00 832.00 1,156.44 2,233.00 570.38 29937.50 75,300.00 1,672.00 3,199.35 2,327.00 7.,874-37 352.00 6,541.92 14,666.96 536.96 1.,525.3-1 2, 640.00 1,965.92 29.04 334.40 475.09 41.02; 541.02 j 500.00 41.02 142.60 1, 000.35 857-75 142.60 1,403.51 1,403.51 1,403.51 204.68 953.48 748.80 204.68 4,650.00 41650.00 4,650.00 74.00 74.00 74.00 148.44 1,156.44 148.44 783.00 5.40 10.20 217.62 311.77 25.60 124.80 46.50 149.02 91.20 159.92 141.45 24.35 38.68 32.87 13.20 20.82 59-77 18.50 159.12 5.82 16.70 21;30 21.60 1,721.82 10885.00 11,220.00 16,383.00 1,555.40 887.70 4,117.62 1,847.77 857.60 2,357.80 615.88 3$057.48 15,300.00 1,428.80 2,884.18 2,468.45 7,898.72 390.68 6,574.79 13.20 14,687.78 646.73 1,543.61 2, 799.12 5.82 1,962.62 21.30 21.60 982.48 676.22 2,617.61 1,203.84 2,451.83 1,968.30 783.00 5.40 10.20 217.62 6.00 124.80 467.09+ 149.02 91.20 159.92 141.45 24.35 38.68 32.87 13.20 20.82 46.97 18.50 146.32 5.82 16.70 21.30 21.60 9,986.00 24.00 10,010.00 24.00 9.10 9.10 9.10 7A6.348.10 9 104.726.27 $ 52851.93 L 18.213.02 A 223.435.46 Construction in progress Reserve for Contingencies - Construction completed in prior years $ 104,726.27 $ 5,140.33 6 18,130.42 731.60 82.60 Total t 104.726.27 8 50851293 6 18.213.02 106.29 Schedule F -5 —a Permanent Irn rovement Rev°olvin , Fund Construction Costs (Continued) Balance December 31, 1948 Contracts Payable Retained Uncompleted Due to accounts Peraentage Construction Other Funds Payable 11008.00 4 739.34 11885-00 11,220.00 15,600.00 4550-00 877.50 3, 900 .CEO 11536.00 1d 300.97 4.80 155.78 25.60 2,233.00 43.50 2130.85 15,300.00 133.76 272.43 358.70 7,874.37 352.00 6, 541.92 14,666.96 50"6.96 12.80 1,525.11 2$640600 12.80 1,965.92 9, 986.00 2.0.29.76 Working Capital $ 43.50 General 399.37 4 Pro ect Curb and Gutter: West 49th Street from France Avenue to Misple Road Halifax Avenue from Market Street to 50th Street West 56th Street from Wooddale to Concord North side of Market Street from Halifax to France Cascade Lane Sidewalks t Thielen Avenue Repairs Sanitary Sewerss Nose - 21 22 Browndale Park Storm Sewers: Nos, 22 14 15 16 Water main Improvement: Nos. - 14 16 17: Abbott Avenue Street Improvements: Grading - No 18 Market Street Brookside Heights No. 21 Grove Street No. 20 - W. 60th Street from Hanson Road to Normandale Road No. 20 - Code Avenue between Grove Street and West 60th Street No, 20 Benton Park Ridge Road No, 2 Parnell Street No. 16 Adams Street Kent Avenue Jefferson Avenue Extension of South view Lane Pest 56th Street Van Buren Avenue VIIJLAM; 01" EDINA Permanent Improvement Revolving Fund Statement of Construction Costs and Construction in Progress - Year Ended December 31, 1948 - Construction Village Special in Progress Contracts Other Total Share of Assessments Jan. 1. 1948 1948 Additions Deductions Costs Cost Cost Spread 3..870.40 143.5 2 294.02 4,020-90 4005.40 60.80 41366.20 4.020.00 71623.70 1,4.4.80 465.08 61643.98 386.80 6,848.62 1,Ob0.80 31.00 93.58 1,123.38 26.40 1,083.78 9.1:0 9.10 9.10 12.1,5 2, 409.77 297.73 216.48 22936.13 54.53 3,089.16 22.20 22.20 22.20 9,860.45 394.80 798.40 104264.05 11,296.32 4597-05 176,36 1, 773.41 1.4896-56 7.10 7.10 1,207.11 154.54 1,361.65 275-54 275.54 6,471.35 7.90 558.39 7,037.64 71692.95 2,996.50 183.44 3,179.94 26,239.31 688.85 2,234.85 27,785.31 30,316.91 4.50 8,724.90 420.35 4302.08 9,611.13 10,485.94 8,285.00 92.25 11323.35 9,700.60 10,544.75 2,193.00 18.15 196.54 21371.39 2,585.12 3.60 3.60 3,173.17 3,173.17 13273.19 10899.98 11042.81 16.89 13059.70 322.66 28.42 351.08 373.06 2,821.60 385.85 256.65 457.98 3,408.78 3,449.75 890.92 858.58 1,749.50 2,078.44 3,533.00 903.68 2,629.32 32116.51 256.45 387.36 643.81 599.61 523.86 4142 564.88 605.40 4.50 857.75 142.6o 10004.85 1,015.10 1' , 1953.48 ,403.51 1,403.51 738.00 738-00 10.80 4,650.00 4, 650.00 74.00 74.00 12008.00 148.44 1,156.44 Schedule F -5 —b r3 Village Share Surplus and Construction Reimbursed Reserve for in Progress from Due from Contingencies Dec. 21, 1945 General Fund General bkwA 4,020.90 46.20 591.44 386.80 23.20 26.40 9.20 207.56 54.53 22 *20 1,032,.27 123.15 7.10 1,361.65 275.54 655.31 3,179.94 2,331.60 874.81 544.15 213.73 3.60 1,273.19 1,059.70 21.98 40.97 328.94 487.19 44.20 599.61 40.52 10.25 1,403.51 953.48 4,650.00 74.00 1,156.44 r3 Project Street Improvements: (Continued) Black Topping: Creston Hills No. 24 Edina Highlands Edina Hi1.ls No. 9 Edina Park No• 13 Wooddale from 50th to 56th Street and 56th Street to Tower No. 10 Concord and Lexington to South View Lane No. 15 56th Street between Wooddale and Concord Mirror Lake No. 4 Bedford Avenue No. 19 Market Street No. 3 Rutledge Avenue West 56th Street to Zenith No., 12 Lexington Avenue Woodland Road St. Johns from Oak Drive to Golf Terrace Parkwood Knolls No, 11 South Extension of Golf Terrace Cascade Lane No. 8 Kent Avenue Yvonne Terrace Schaefer Road Madison Avenue Choymn Avenue Street Lighting: France Avenue to 50th Street Cascade bane - Light pole Totals Total to Exhibit F -1 Construction in Progress Jar_. 1. 1948 11,227.40 15,607.40 1,551.88 31902.00 5,285-90 23249.45 2,961.90 15s325.00 1 VILUGE OF EDIP?L Contracts Other Total 1948 Additions Deductions Costs Cost 1,6 72.00 3,199.35 2,327.00 7,874.37. 352.00 6, 541.92 14,666.96 586.96 1,525.3-1 2,640.00 1,965.92 9,986.00 Village Sharc of Cost 24.00 10,010100 9.10 x .10 9.10 Special Assessments Spread 18, 068.4.2 4,504.12 5,339.20 2..590.88 3,364.76 1,543.74 3,265.31 2,689.80 452.30 729.36 3,045.82 6 1108685.01 A 103.073.16 S .1,653.11 S 5,140.3 .l 0.42 1% 228.401.37 4.432.44 1 14+3 092.06 Addition to Reserve for Contingencies Deduction from Surglus 11,227.40 783.00 16, 390.40 5.40 1,557.28 217.62 4, 119.62 33737 53623.27 $ 124.80 2,374.25 29.04 149.02 3,081.88 15,325.00 334.40 91.20 11428.80 475.09 159.92 29884-18 141.45 2,468.45 24.35 7,898.72 38.68 390.68 32.87 6,574.70 13.20 13.20 20.82 14,687.78 59.77 646.73. 18.50 11543.61 150,12 2, 799.12 5.82 5.82 16.70 1,982.62 21.30 21.30 21.60 21.60 Village Sharc of Cost 24.00 10,010100 9.10 x .10 9.10 Special Assessments Spread 18, 068.4.2 4,504.12 5,339.20 2..590.88 3,364.76 1,543.74 3,265.31 2,689.80 452.30 729.36 3,045.82 6 1108685.01 A 103.073.16 S .1,653.11 S 5,140.3 .l 0.42 1% 228.401.37 4.432.44 1 14+3 092.06 Addition to Reserve for Contingencies Deduction from Surglus Schedule f' —5 —b Per- manent I niprover-nent Revolving Fund Construction Costs, etc. (Continued) Village Share Surplus and Construction Reimbursed Reserve for in Progress from Due from Contingencies Dec. 31, 1948 General Fund General Pond $ 11,227.40 1,678.02 1,557.28 384.50 363.93 648 000 216.63 282.88 15,325.00 111,..94 381.73 221.35 " 7,898.72 6.1.62 6, 574.-79 1y3 .20 cry 14,68!.!78 82.63 11543.61 246.70 5.82 1,982.62 21.30 2.1.60 10,010.00 �a 9.10 11,178.80 L316 1 1,115 s73 v 87655.67_ y 11,838.20 59.E 0 VILLAGE OF EDINA Schedule F-6 Permanent Improvement Revolving Fund Water Main and Sewer Connection Deposits — Year Ended December 31, 1948 — Balance January., 1, 1948. $ 2,034.56 Additions:: Deposits — June 14, 1948 Dr. J. C. h1iller, Lot 8, Colonial Grove-Addition 119.50 July 19, 1948 J._LeRoy Kelly, Lot 1, Block 1, Golf Terrace Heights 1st Addition_ 368.90 Sept. 21, 1948 George W. Pring, Lots 5 and 6. Block 1; Westchester Knolls 444.85 Oct. 28, 1948 0. D. Hauschild, Inc. South 132 feet of East 150 feet of Lot 49 Auditors Subdivision Noe 172 467.16 Dec. 29; 1948 A. J. Perreault, Lots 16, 17, and 18, Block 4, Seeley's 1st Addition to Hawthorne Park 526.80 Total Additions - Schedule F -1 11927.21 Balance and Additions $ 3,961.77 Deductions: . Applied on assessment for Mater Wn Improvement No. 14 — Marvin C. Dellnes, Lot 12, Block 4, Golf Terrace Heights 1st Addition (See Schedule F -2) 2710 2 Balance December 31, 1948; to Exhibit F -1 It 30690.45 70 K VILLAGE OF EDINA Permanent Improvement Revolving Fund Due to General Fund — Year Ended. December 31, 1948 — Clerical and Engineer costs 399.37 Balance of Special Assessment on,Indianola Avenue Sanitary Sewer 38.16 Balance December 31, 1948,to Exhibit F-1 437.53 4 VIIJAGE OF FDINA Permanent Improvement Revolving Fund Statement of Reserve for Contingencies - Year Ended December 31, 1948 Schedule F -8 72 Balance Balance Jan. 1. 1948 Additions_ Deductions Dec. 31, 1948 - Reserves for Special Assessments Receivable = Deferred: Curb and Gutter - Oak Drive 634:97 634.97 Fiance Avenue 51 to 52 Streets 116;74 116.74 V`dest 56 Street, Wooddale to Concord 591.44 591.44 Sidewalks- France Avenue, 51 to 52 Streets 100:28 10028 Thielen Avenue 207:56 207:56- Sanitary Sewers - Nos. -- 14 417:40 417.40 17 503:12 50"3 ' . 21 1,032:27 .13032.27 • 22 123.15 123.15 Storm Sewers = Nos- 11 514.60 514:60 13 49.71 49'.71 15 655.31 655.31 later Pain Improvements = No e. 11 1, 617.05 1.9617-05 12 230817065 711.60 25`.90 3, 503'•35 13 752.33 752.33 14 2031.60 2031.60 15 874.81 874.81 16 844.15 844.15 17 213.73 213,73 6 350.51 350 ".51 Black Topping- Valley View HUghts. Addition 953.60 10.20 943.40 Countryside Addition 1,975026 1,975.26 Golf Terrace Heights - 2nd Addition 288.92 46.50 242.42 Street Improvements Nos.- 2 40.52 40.52 3 221.35 221.35 4 114.94 114.94 5 282.88 282.88 8 246.70 246.70 72 u 0 73 0 VILLAGE OF EDINA Schedule F -8 Permanent Improvement Rewlvin Rind Reserve for Continizencies (Continued~ . Balance Balance Jan. 1. 1948 Additions Deductions Dec. 31, 1948 , Reserves for Special Assessments* Receivable - Deferred: Street Improvements - Nos. - (Continued) 9 384.50 384.50 10 216.63 .216.63 11 82.63 82..63 12 61.62 611!62 13 363.93 363.93 14 19678.02 19678.02 16 10,25- 10,25 19 381.13 381.13 20 857.10 857.10 21 21.98 21:98 Totals 11.092.14 12,,549.80____ 82.60 Total to Exhibit F -1 230 559.34 0 73 0 0 VILLAGE OF EM NA EXBffBIT G Debt Service Funds Balance Sheet December 31, 1948 74 6 Permanent Improvement , Revolving Fund Bond Sinking Funds Total No: 1 No 2 Assets Treasurer's cash balance - Exhibit C 329710._00 ? 12,810.00 19,900.00 Taxes receivable - deferred. - Schedules. G-1 and G-2 362.,145,00 202,245000 159,900400 Due from Permanent Improvement Revolving Fund 651.36 79.48 571.86 Total Assets 395.5063b 21.52 1 3A.Ag 180J71, Liabilities, Reserves, and Surplus Bonds payable - Schedules G-1 and G-2 330,000:00 180,000._00 150,000.00 Due to'Permanent Improvement Revolving Fund 4, 700:10 3, 008._ 10 1, 69 2` 00 Reserves - Schedules G-1 and G-2: For future interest 39;212.50 20;650;00 182562050 For uncollectible taxes 19;907:50 10;195000 9,712.50. Surplus 1,686.2E 1,281.38 404.88 Total Liabilities, Reserves, and Surplus L 395.506.6 2159 4.48 a 180.371.86 74 6 Permanent Imp April .1, October 1. April -1, October 1, April 1, October l; April 1, October l April 1; October.!; April. la October 1; April 1; October 1� April 1,. October 1, April 1, October 1, April 1, October 1;. VILLAGE OF EM NA Debt Service Funds Permanent Improvement Revolving Fund Bond Sinking Fund No.-1 Bond and Interest Maturities,, Deferred Tax Levies, and Reserve for Uncollectible Taxes December .31, 1948 Maturity rovement Revolving Fiend Bonds of .1947: 1949 1949 1950 1950 1951 1951 1952 1952 1953 1953 1954 1954 1955 1955 1956 1956 1957 1957 1958 1958 Total Totals to Exhibit G Schedule G4.1 Bond and Interest'Maturities- Deferred Tax Levies Reserve for Future Total to To be Uncollectible Bonds Interest be Paid Spread In Amount .Taxes 1,800:00 5, 000.00 1, 800:00 82600.00' 5; 000 :00 1, 750:0 10,000 :00 1,7x0.00. 18,450.00 1949 19,425 :00 975.00 10;000:00 1,600 :00 10,000:00 1,500.00 23,100.00 1950 24,160.00 1,060.00 10,000:00 4400.00 10;000.00 1000600 22,700.00- 1951 23,940.00 1,240.00 10,000000 1,200 :00 10,0000,00 1;100:00. '22,300.00 1952 23,520.00 1,220.00 10- 000 :00 I, 000 :00 10;000.00 900.0.0. 21,900.00 -1953 23,100.00 1,200.00 10,000:00 800 :0b 102000 :00 - 700.00 21,500.00. 1954 229630.00 1,130.00 IO,00016'00 600 :00 .10, 0000b 500.00 21,100.00 1955 22.923.0.00-. 19110.00- l0$OGO.-OO 400600 10,000:00 300 -00 20,700.00. 1956 21,840.00. .1 ,140000 1Os0000-00 ..200 :00 10000.00 100.00 20:300.00 1957. 21,420.00 1,10-0.00 200.650 900 :! re! •• 1. • • ee Analysis of Totals: Amount to.be provided for by deferred tax levy 1759000.00 17,050.00 1922050,00- Tax levy of $12,810.00 for 1948 canceled by Council,. -Amount to be paid from Sinking Fund.. No: 1 Interest due April 1, 194.9 4800:00 Bonds and interest due October 1, 1949 5,000.00 1,800.00 .8:6OO.Q0 Totals 180:000.00 201,650.00. 200.650:00 $. 2022245.00 $, 10,195.00 0 • VILLAGE OF EDI NA Schedule G-2 Analysis of Totalss Debt .Service Funds Amount to.be provided for by deferred tax levy 135,000.00 15,187.50 150,187 .650 Permanent Improvement Revolving Fund Bond Si.nkina Find No. 2 .to be paid from' Sinking fluid No. 2 Bond and Interest Maturities, Deferred -Tax Levies, and Reserve for Uncollectible Taxes Interest due July 1, 1949 11687.50 December 31, 1948 - Bonds and interest due January 1, 1950 15.000.00 1.687:50 .18:375:00 Totals 10.000.00 Bond and Interest Maturities" + Deferred Tax Levies Reserve for . Mure Total to To be Uncollectible Maturity Bonds Interest be Paid Spread In 'Amount Takes Permanent Improvement Revolving Fund Bonds of 19481 July 1 1949 � 1,667.50 January 1, 1950 15,000.00 .: lip ,687.50 t. 1807540 July 1, 1950 1, 518:75 " January 1, 1951 ..15,000:00, 1,518.75 , 18,037.50 1949 1 19,300.00 $ 4262.50 July . 1; 1951 1050000 - January 19 1952 15,000.00 19350.00 :17,700.00 1950 '18,9000-00 1,200900 July , 1, 1952 1;181.25 January 1, 1953 155000.00 1,181.25 - 17062:50" 1951 18,500000 12137.50 July 1; 1953 1,012.E January 1, 19-54 1.5,000.00 1,012.50 17,025.00-. 1952 18,200.00 1,175.00 July l,. 1954. 843075 January 1; 1955 15,000.00 843975 -' 16,687.50 1953- 17,800.00 - 4112.50 July , 12i 1955 675000 January 10 1956 15,000.00 675.00 16050.00 1954 ,17,400.00 1,050.00 July ., 1, 1956 506,25 January 1, 1957 15,000.00 506025 16,012.50 1955 170000.00 987.50 July , 1, 1957 337650 January 12 1958 15,000.00 337.50 15,675.00 1956 163,600.00 925.00 -July 1p 1958 168 75 July 13 1959 - 15,000.00 168.75 15 337.50 1957 16; 200.00 862.50 Totald 1662.50 Totals to Exhibit G 150.000.005 18,562.50 159.900.00 9.712.50 Analysis of Totalss Amount to.be provided for by deferred tax levy 135,000.00 15,187.50 150,187 .650 Tax levy of $180900600 canceled by Council,. Amount .to be paid from' Sinking fluid No. 2 Interest due July 1, 1949 11687.50 Bonds and interest due January 1, 1950 15.000.00 1.687:50 .18:375:00 Totals 10.000.00 18.562.50 168.562:50 $ 159,900.00 S 9,712#50 - :.-159,4 0- 0:00 $ W122-50. VILLAGE ar, EDin EXHIBIT H-1 Vorkink Capital kUnd Balance Sheet December 31, 1948 - Assets Treasurer's balance - Exhibit H-4 12075657 Due from Other Rinds` General 22,146,07 Sewer Rental 115,70 - Permanent Improvement Revolving 43650 Waterworks. . 845:15 Municipal Liquor Dispensary . -36.34 Accounts receivable 20.90 Total Assets lOi832.09 Liabilities and Surplus- Due to Other hinds: General 36.45 ' Sewer Rental for duplicate pcpment 150065 Unappropriated surplus - Exhibit H-2 10,644.99 Total Liabilities and Surplus 10,83209 0 VILLAGE OF' EDI NA EXHIBIT H:-2 Working Capital Rmd Analysis of Changes in Unaepropriated Surplus Year Ended December 31, 1948 - Balance January 1, 1948 8110180_24 . Net income for year - Exhibit H-3 i 2.777440 Balance and Additions 10,755..64 Less amount due to Sewer Rental Fund for, duplicate payment 150.65 Balance December 31, 1948 to Exhibit H -1 10.61,4;99 6 0 40 VILLAGE OF EDINA Working Capital Fund Statement of Income and Expense - Year Ended December 31, 1948 Rents: International truck G.M.C. truck Reo truck Diamond T Road Patrol No: 1 Road Patrol No 2 M.Mi tractor No. i M.M. tractor No. 2_ 15B gas shovel Steeper .Power lawn mower Jaric. power scythe. Tractor mower Air compressor Pumps International. fire truck No. 1 American LaFrance fire truck No. 2 Jeep 1946 Ford police car 1947 Plymouth police car 1948 Chevrolet police car 1942 Ford sedan 1946 Ford truck No. 4 1946 Ford truck No. 5 1947 Ford truck No. 6 Weed sprayer Hand mower Tar kettle Indirect expense Tool house expense Totals 9 EXHIBIT H-3 Gross Expense Net Income Schedule H-1 Income $ 2,236.63 1,725.54 511.09 21392:50 11236.09 1,156.41 2,011.15 905.02 1,10643 2;233.00 832.06 1,400094 1,775.13 11925.82 150.69 2,107:58. 2,091.66 15.92 383 :55 458.98 75.43 792.00 784.17 7.83 203.32 361.66 158,34 54.00 31.06 22.94 89.70 52.45 37.25 27.30 20.93 6.37 207.00 247.84 4004 7:20 42.71 35-.51 2.8o 150.41 147.61 598-00 465.43 132.57 680.00 286.37 393.63 125.00 1984-83 73.83 12114:25 1,010.71 103,.54 1,717-.55 4338.26 379.29 1,358.05 713.98 644.07 787.80 509.83 277:97 1,065.40 372.37 693.03 581.10 258.81 322.29 748.30' 314.25 434.05 120.00 76.35 43065 2 -.78 2:78 45.05 45.05 2,195.78 2,19507$ 1,985.71 1,985,71 3 23.418.31 20, 64.0..1 22 Equipment Direct` Expense; Tru ck s International _ aeo G.M.-C., Diamond T Road Patrol.No. 1 Road. Patrol No.. 2 M*A.- tractor No' "l M,14- tractor No. 2 Hand mower Power lawn mower Jari scythe International fire truck No.. 1 American LaFrance fire truck No.. .2 Willys Jeep fire' truck ;No., 3 ' Gab shovel 15B Tractor mower Tar kettle' Air compressors Pumps Austin Western patrol sweeper' Need sprayer 1946 Ford truck No 41 1946 Ford truck No:, 5 1947 Ford truck No.. 6 1942 Ford tudor 1946 Ford police car 1947 Plymouth police car 1949 Chevrolet police car Total Direct Expense Indirect Expense: Oil and grease Parts Type 'N' alcohol Paint, thinner and brushes Supplies Oxygen and acetylene Small-tools Labor Advertising for 'bids Liability and property damage inaurammce Total Indirect Expense VILLAGE OF EDI NA Schedule H-1 Working Capital Fluid Statement of Distribution of Expense - Year Ended December 31, 1948 Gasoline Tires Repair' Village Advertising Boiler and Oil. and Tubes Parts Service Labor Insurance for Bids Supplies Certificate Total �3 538:84 10.07 $ 4550-1 133.25$ 510.676 77060 4725054 2890 80 178:16 61:40 305.97 68 061 4 1.08 905 :02 440:92 120':96 276:26 91:.90 225083 801028 1 .0236.o9 381:22 9:34 167087 65.:00 1060"07 102 :56 832 :06 541':05 100;77 710:•56 336.02 227.55 9 :97 1,925:82 541012 478.20 713.94 33:89 279:36 45'15 2,091 -66 172042 65.85. 60010 8.56 W-18 9:87 458.98 308'014 263006 174.21 38.76 784.17 2:78 2:78 12..39 8.35 31 0'00 .71 52.45 " %31 5000. 9:55 1.07 20.93 36.87 : 34 52 242.88 58:75 92.41 465.43 640,37 28:06 430-45 .150.4.9 2b:37 5: 52 131: 23 41 :28 18.80 198.83 90.77 170`.05 21.00 31.68 48.16 361066 128.08 1190'76 247:84 41 :75 3.30 45005 21:23 160-82 20'66. 2.00 42.71 4:89 40.53 26'.25, 78 :74. 150 :41 17.69 13:37 31:06 53:25., 23:10 76 :35 .203:63 17070 12:91 .. 30:_37 59:06 48 :70 372.37 150:48 1:64.. 3:50 .5Z49 48:70 258081 175.46 18:58 11:75 43:64 64:82 314 :25 245.56 85' :29 21:40 97093 5603.1 3.54 509.83 5050-17 71:54 86:59 63:82 2210-78 560-77 5.04 19010.71 828 061 73`.15 103.89 49' :36 201 092 77.79 3.54 1038.26 323.10. 64'.16 129`.64 55.50 11708 24.20 M 713.98 a 5.899.25 1 1,011.94 g 31881._U $ .1,260.85. 3.265.91 $ L078.42 43.00 0 16.50 'S 2.00 L_16,;459,42, , 749.23 _ 179:46 63:18. .. 91.48 98.30 60:37 206,47 568,05 17.80 161.64. '80 2.195.78 VILLAGE OF EDI NA Schedule H-1 Working Capital Fund Distribution of-Exrense (Continued) Gasoline Tires Repair Village Advertising Boiler Equipment and Oil and Tubes Parts Service Labor _ Insurance for Bids Supplies Certificate Total Tool House Expense: Fuel 139.20 643.74 Telephone 171••39 Towel service .29 •.40 Salary of caretaker 306 72 Maintenance of tools 137 :63 Rag service 16.71 Labor on yard 64; Supplies 14.•08 Power - - welder 25;,30 Electric wiring 212:08 Fire insurance 224:77 Total Tool House Expense 1,85.71 Total Expense to Exhibit H-3 20,640,91 VILLAGE OF EI I NA 82 EXHIBIT f�-4 vorking Capital Fan Statement of Receipts and Disbursements - Year:Ended December.31, 1948 - Balance January 1, 1948 3."l.8,x' Receipts:. Rent of equipment - Private party 60.00 To other funds - General 21,180.32 Sewer Rental 301.30 Waterworks 598.95 Permanent Improvement Revolving 1, 216.08 Joint'Sewer District No. 1 -4.35 Dividend on-insurance premium 4810'40 Refund on spotlight installed on police car 36.45 Total Receipts 23,445:85 Balance and Receipts 2Q,004.02 Disbursements: ..Direct expense 16, 549.12 Indirect _expense 2,195.78 Tool house expense 1,944.41 Repayment to General Fiend 11,690i,28 Total Disbursements 32,372.59 Balance December 3:,,: 1948 to. Exhibit H -1 12.375 ®57 82 VIIIAGT OF MINA VArsterworks Fund Balance Sheet- - December 31, 1948 Assets Treasurer4s Gash Balances - .Exhibit I-4: Capital expenditure account Unappropriated earnings account Sinking and-interest account Accounts Receivable: Customers Village Inventory of Ya,terial and Supplies: Meters Putting Distribution 31x9d assets - Schedule I -2: Deferred Charges: Debt and acquisition expense • Prepaid insurance premiums Total Assets Liabilities and Surplus Salaries payable Accounts payable Accrued interest payable on %terworks Revenue bonds Due to Other Funds: General Fund Working Capital Fund . Waterworks Revenue bonds Schedule I -3 Surplus - Exhibit I -2: Current Invested in fixed assets Total Liabilities and Surplus LIN $ 899.79 18,459.44 5,119.67 5, 824.71 165.40 1.051.39 145.42 521.15 364.366.59 2,079.90. 161.12 $ 398.754.58 $ - 37.14 1,489.84 1.328.33. 600.00 845.15 150,000.00 19.764.34 224.689.78 398.754.58_ ■ 0 VILLAGE OF MINA Waterworks Fund psis of gMaMs in Surplus - Year Ended December 31. 1948 - Balances January 4 1948` Additions: Net income for year - Exhibit "I -3 . Depreciation on fixed assets charged to operations - Year ended'December 31, 1947 Year ended December, 31, 1948 Fixed assets acquired from current surplus Value of water main construction contributed from special assessments Total Additions Balance and Additions Deductions: Fined assets acquired Transfer to' current surplus of amount of depreciation on fixed assets - Year ended December 31, 1947 Year ended December 31, 1948 Total Deductions Balances December 31, 1948 to Exhibit I -1 84�. I EXHIBIT I -2 $ 2,110.82 5.870.42 $ 1.016.1 $ 7,281.24 19:.764.34 224.689.78 I Invested in Current e& Assets $ .3,551.40 $145 1§Z.44 $ 9.247.89 2,110.82 5.870.42 - $ 1,916.19 86.467.39 17.229.13 j 87.483.8 $ 20.780.53 232;L671.02 $ 1.016.19 I. $ 2,110.82 5.870.42 $ 1.016.1 $ 7,281.24 19:.764.34 224.689.78 I 0 .p Ll . • VILLAGE OIL EDINA Tat ergo rk s Hind Statement of Income and Expense Year Ended December 313 1948 - Operating Revenue: Sale s - Water - Schedule I -1 Meters Sales Cost of Sale s Gross profit on meter sales Water connection permits Tapping fees Street opening fees Meter repairs Penalties Schedule I -1 Total Operating Revenue Operating Expense: Pumping Labor Poorer Supplies Buildings Labor Light- Fuel Architects fees Supplies Water purchased Equipment rent Depreciation Total pumping Distribution - Labor Repair of mains Supplies. Operation of meters - Labor Supplies Equipment rent Depreciation Total distribution 8d.. $.2,888055 —2,591-91 i 1, EMBIT I -3 i i 33,141.02; 296.64 528.501 378:00 400;001 27.051 336.951 108,16! 878.2711 5,288,311 395:74; 777.86 21.00 168A.801 3 15.411 721.65; 422:57 1,700.23 O- 10,735.44 795.81 - 385.96 78&86 1,018.76 153.43, 211.29' 4,153-i-43, 6,797.74 VIIJIAGE OF NZINA E MBIT I -3 Waterworks Find Income and Expense .(Continued) Operating Expense: (Continued) ,. Administration - Salaries - Superintendence $ 1,437.63 Clerical 662.96 Meter reading 386.23 . Meter reading supplies 37.62 Office supplies 272.05 Postage 91.00 Publishing 27.10 Telephone . 1.50 Post- audit 445.50 Equipment rent 211.29 Depreciation 16.56 Insurance 146.90 Total administration $ 3.736.34 - Total Operating Expense $ 21,269.52 Operating Income $ 13,838.64, Operating Income Deductions: Amortization of debt acquisition expense 594.24.. • Interest on Waterworks Revenue bonds 3,984.87 Fiscal,agent's service charges 11.64 Total Operating Income Deductions .4,590.75_ Net Income to Exhibit I -2 $ 9,247.89 86 VILLAGE OF EDINA EMIBIT I -4 Waterworks Fund Statement of Receipts and Disbursements • - Year Ended December 31.,-.1948 - • L] Rmds Capital Unappropriated Sinking and Expenditure Earnings Interest Total Account Account Accoun t Balances January 1, 1948 $ 15, 761.04 5.538 6.01:80 3 3, 61,1 00 Receipts: Collections an accounts receivable Schedule I -1 320831.59 Sale of - - Meters 2,888.55 Water connection permits 521.50 Tapping:' fees . - Z 360:00 Street .- opening'. fe.es , _ 380:00 Meter repairs 27.05 Refund on power purchased in prior year 353.71 Total Receipts 37,362,40 Transfers to Sinking and _ Interest Account: From Unappropriated Earn -, ings Account - Interest on Waterworks Revenue bonds for year ended December 31, 1948 .3, 984.87 To apply on payment of Waterworks Revenue bonds 32,831.59 2,888.55 521.50 360;00 380:00 27.05 353:71 t3 37,362.40 $ 3,,984; 87 Lmaturing September 1, 1949 2,142.84 2.142.8!r Total Transfers 6,127.71 6,127:71 Balances, Receipts, and Transfers 59.251.15 5.538.24 43.944.20 9,768.71 Disbursements: 'Operation and maintenance - Pumping Distribution Administration Purchase of materials and supplies - Meters Pumping Distribution 9,488.70 9,488.70 3, 742.44 3, 742.44 2,881,0;12 22881.12 1.0967 .19 - 1,967.19 75.70 75.70 184.19 184.19 0 40 0 VILLAGE OF EDINA EXHIBIT I -4 Waterworks Fund Receipts and Disbursements ( Continued) Linda Capital Unappropriated Sinking and Expenditure Earnings Interest Total Account Account Account Disbursements: (Continued) Interest on Waterworks Revenue bonds 42649.04- 42 649.04 Fiscal agent's service charges 11,64 11;64 Capital Outlay - Pump house building 4,926.64 4,620645 306.19_ Pumps and piping 193.58 ;193.58 Office equipment 404147 404:47 Electric heater 60414 58,00 2."14 Tools 99.69 99 ,i69 Total Disbursements 28,684.54 4,678445 19.357.05 .4,649.04 Transfers from Unappropriated Earnings Account: To - Sinking and Interest Account - Interest on Waterworks Revenue bonds for year ended December 31, 19.48$ 3,984.87 31984087 To apply on payment of Waterworks Revenue bonds maturing September 1, 1949 2,_142.84 2.142,84 Total Transfers 6,127.71 6,127.71 Disbursements and Transfers 34, 812.25b 4,678445 25, 484.76 $ 4, 649.01 Total $ 24.43aa 0 Balances December 31, 1948 to Exhibit I -1� 859.79 18,459.44 b 5.118;67 40 0 . • n u Total Customers 'Jill age Balances January 1,.1948 5,298:73 5,127:63 171:10 Charges - Exhibit I -3 33,141002 32, 75 3:70 387:32 Penal tie s - Exhibit I -3 36-25 336 Total 38,776:70 38,218:28 558.42 Collections - Fahibit- I=4.'_ 32.831:59 32,438:57 393.02 Total 5$945.11 Balances December 31, 1948 5,779.71 165.40 'Water Utility: Land Pump House Buildings 50th and Wooddale Avenue No 1 50th and looddale Avenue No; 2 53rd and Halifax Avenue Total pump house buildings Wells 50th and Wooddale Avenue No: 1 50th and Wooddale Avenue No..2 53rd and Halifax Avenue Total wells Pumps and Piping - 50th and Wooddale Avenue No: 1 50th and Wooddale Avenue No: 2 53rd and Halifax Avenue 53rd and Halifax Avenue Total pumps and piping Tank and Tower - 50th and Wooddale Avenue 50th and Wooddale Avenue Total tank and tower Distribution System - 1928 and prior 1929 to 1945 1946. 1947 Water main construction contributed by special assessments No s: - 1 1941 2 1941 3 1947 = 4 1947 5 1947 6 1947 VILLAGE OF EIIENA Schedule I -2 Waterworks Fund Statement of Fixed Assets and Reserve for Depreciation - Year Ended December 31, 1948 Fixed Assets Reserve for..Depreciation Book Balance Balance Balance Balance Value Jan. 1. 1948- Additions Deductions Dec. 31, 1948 Rate. Jan., 1. 1948. Additions Dec. 31, 1948, Dec. 31, 1948 §' 5,800:65 8- 5.800.65 2,190:00 2,190000 2 892:80- 8920480 2 414:14 4,926:64 5,,34,0:78 2 3,496.94 4, 926: 6th - 8,A23:,58— - # 42424:44 . 5;447.44 62307.00-, 16,_178.88- 7-2948.;92 120.00* 7-11331'0. 00 3,118:67 193 :58 726:83 3 19.725. 31358 4, 424.44 2 5; 447 *-'44 2 6,307 00 2 16,178.88 8 ;068.92 4 7,331:00 4 3, 312.25 4 726.83 4 19,439.00 $ .5.800.65 496047: $ 43:80 540.27: 1,649.73 175.97 174086 193083 698,97 93.16 93.16: 5,247.62 672e41► 15 .82 $ 827.26 7.596.32 40030-0 88.49 11091 .51 3 3,9332o93 1,725 -9.8 108:95 1,234.93 , 4 ;212051 63,07 .126.14 189.21; 6.117.79 i 2,192.07 323.58 �, 2.515.65 � 13, 663.23 10.19 5.04 73 4, 743.06 3,603.'25 $ 322.76 319260-01-.1 4,142 91 2,97881014 293.24 3j,081'38 4, 249.62 62.37 128.62 190.99 311210-26 14,54 - 29.07 43.61 683.22 - 377.25 10,940.62 196:25 6,468.30. 773069 7,241.99-, 12.197.01 193.63 22,2110-40 22 ;211.40 .13; 318.65 13, 318.65 3 _ 9,722.61 399.56 10,122.17 - 3,196.48 1,6199-45 1.619.45 3 24.29 48.58 72.87 7..546.58 F� 14, 938:10, 14,228-10 z$ 9,746.20 448.1[ 10.19 5.04 73 4, 743.06 78,1554-00 78;155.00, 1 113 %, 24;883.42 10042.06 25;925.48 52,229.52 76;166:60 76;166, 60 8,89 3.67 1, 015.55 9;909. 22 66, 257 .38 11,317:87 11,317.87 1 1/3 226.35 150.90 - 377.25 10,940.62 196:25 196.25 2.62 2.62 193.63 22,2110-40 22 ;211.40 1,776.90 296.15 2,073.05 20,138' 5 ;361:80 5;361:80 428.94 71.49 500.43 4,861.37 12;132.,74 12 ;132:74 .161:77 161.71 111970.97 15, 919.25 15.$919* 25 212 26 212.26 15, 706.99 20 ;649.11 20 ;649011 275.32 275.32 '20,373.79 3,779:71 3,779.71 50.39 50.39; 3,729.32 t '-VILLAGE OF EDINA Schedule I -2 Waterworks Fand - Fixed Assets., etc.. (Continued) Fixed Assets Reserve for Depreciation Book Balance Balance Balance _ Balance Value Jan.; 1, 1948 Additions. Deductions, Dec. 31, 1948 -.Rate Jan. 1, 1948 Additions Dec. 1; 1948 Dec. 31, 1948 Water Utility.- Distribution System Water main construction contributed .by special assessments Nos. — (Continued) 7 1947 6-P328-20 6$-328920 84:38 84.38 v 6, 243 '. 8 1947. 9 ;166:35 9.166.35 122022 122.22 9,044. °13 9 1947 5, 398:16 547.60 5;945:76 790"28 79.28. 5-8660:48 10 1947 3,793145 31793-'A5 50 :•58 50:58' 3, 742.87 11 1948 4P584 02 4, 584;02. 61.12 61.12i 4, 522:90 12 1948 26 0587:83 26,587:83 354450 354:50; 26 ;233; -33 13 1948 6.,493'13 6; 493:13 86.58 86, 58 6; 406055 14 1948 27;785.31 27 ;751 i 27,785: 15 1948 \ 8.998:01 8; 998.01. 8; 998.01 16 1948 93100.10 9,100:10 9;1000' -10 17 1948 2, 371:39 2,t3710-39 2,371-39 Wooddale from Golf Terrace to 55th Street 1941. 1 ;735:00 1 ;735:00 13$:78: i ,231362:9:: 1, 573.U9 Edina Court 1940 10000000 1,00040. 93.1 12,.E 106:.64' 893:36 Total distribution stem. system. 273. 310.89 X66,467039 ° 359, 778:28. 6, 3 441:37 4, 153:63 40.595:00" 319,183:26 Office. Equipment 213.00 1 404:472 617:47 5 5:32 x.81 19.13. 59804 Electric Heater 1 $ 60:14 a 60:14 5 _ 205 -_ 2:75 57.39 Tools 537:50 -8 109:81 S l2O:Oa- 527.31 b 527.21 Total dater Utility �3��6O1:38 � 92.282:03 3 120:00 � `42�, 6 dv 55.526:40 �5 9LO, 42 "- 61.396.82.E Total to Exhibit I -1 364 66 *Transfers t n u n u n u VILLAGE OF EDINA laterworks Fund Summary of Bond and Interest Maturities - December 31, 1948- Waterworks Revenue.Bonds of 1947: Dated July 1, 1947 Interest rate Nos,.. 1 -56 inclu- sive 2 1/2 %; 57 to 150 inclu- sive 2 3/0. Futurity September 1 - 1949 1950 1951 .1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 Totals _Schedule I =3 Bond Future Total to Number Bonds Interest be Paid 1 -5 6-10 11 -15 16-20 21 -� 27 28 -34 35-41 42 -48 49-56 57 -64. 65-72 73-80 81 -90 91 -100 101 =110 111 -120 121 =130 131 =140 141,:.150 Bonds Nos. 57 to 150 inclusive payable at per on September 1, 1958 or any interest date thereafter; 9`' 5,000.00 4 3,985.00 D 89985.00 5,0000'00 3,860.00 89860,00 5,000.00 3,735..00 8,735:00 5,000.00 _ 3,610:00. 8,610.00 7,000, 00 3, 485.00 10, 485.00 71000.00 3,310.00 10,310.00 7,0000-00 3,135.00 10,135:00 72,000,00 2,960.00 9,960.00 89000.00 2,785.00 10,7850'00 8,000.00 - 2,585;00 10,585..00 81000.00 2,365:00 10,365.00 89000.00 2,145,00 .10'145000 109000.00 1,925.00 - 11,925.00 109000.00 1,650.00 11,650:00 10,000.00 1,375:00 11,375.00 10,000.00 1,100:00 11,100.00 109000.00 825.00 102825.00 10,000000 550.00 10,550.00 10,000.E 275.00 10,275.00 =040994-0 _41,6600-0 $1195.6 .00 Assets Treasureris.cash.balance - :Exhibit J -4 ° 2,541.47 Accounts receivable - Schedule J - -1 703.10 Special Assessment Receivable o: Current 165.00 Delinquent - Schedule J -2 27.19 Due from County - November. 1948 tax settlement :152,41- Fixed assets 51.87 Total�Assets 9 3.641.04 Liabilities, Reserves, and Surplus Accounts Payablei: -. Garbage collection services 882.32 Customers'-credit balances - Schedule J -1 10090 Reserve for unearned revenue, charges in advance from January 1 to March 31, 1949 2,618,50 Surplus - Exhibit J-2r Current 77.45 Invested in fixed assets 51.87 Total Liabilities, Reserves, and Surplus 3:641.04 VILLAGE OF EDINA E)GIIBIT J -2 Garbage Fhnd Analysis of Changes in Surplus Year Ended December 31,_ 1948 - Invested- in Fixed Current Assets Balance January 1 1948 Addition; Fixed assets acquired from current surplus_ Balance and Addition 8 :517.69 3 15_87 Deductions-. , Net loss for year - Exhibit J -3 388.37 Fixed assets acquired 51;87 Total Deductions 440.24 Balance December 31, 1948 to Exhibit J -1u 77.45 51.8 0 0 VILLAGE OF EDINA EXHIBIT .J -3 Garbage fiend Statement of Income and Expense — Years Ended.December 31, 1948 and 1947, and Comparison - f Year Ended December 31 Increase 1948 1947 Decrease Operating Income: Garbage service charges 9,955.98 .7,,090 92 Penalties 163.05 130.35 Penalties on delinquent accounts certified to County.for collection with taxes in 1948 3g0 Total Operating Income 3 10,119.03 7.260i5 7 2,858.46 Operating Expense Garbage collection services 10,143.00 6,351.08 Clerical services 300.00 300,00 Stationery and supplies 50.00 78.30 Publishing 14.40 13.50 Total Operating Expense L10.507.40 ti 6,742.88 3.764.52 Net Income Loss 388:37 517.69 S 906.06 f VI LLAGE 0 r EIII NA E)MBIT J -4 Garbage Fund Statement of Receipts and Disbursements - Years Ended December 31, 1948 and 19471 and Comparison — Year Ended December 31 Increase 1948 1947 Decrease - Balance January 1 3.169;44 3,169.44 Receipts. Collectionson accounts receivable $ 91946.60 8_1718640 S"'pecial assessments collected by County 235:70 _ Penalties r 83.10 Total Receipts 10.182.30 8 801j50 1,380:80 • Balance and Receipts S 13, 351:74, 8,801.50 41550424 Disbursements: Garbage collection services 10,074;80 5036.96 Clerical services 600;00 Stationery and supplies 50:00 78,30 Publishing 14:40 13:50 Refunds of overpayments of accounts 19:20 3.30 Uapital Outlay — Share of addressograph plates _ 51.87 Total Disbursements > 10.810;.27 F$ 5,622.06 5,178:21 Balance December 31 2,541: 627097 VILUGE OF EDINA Schedule J -1. Garbage Fund • Summary of Accounts Receivable - Year Ended December 31, 1948 - palance .January.l, 1948 470.45 Charges, April l a 4,969.30 October 1 5,237000 Penalties 163.05, Total Charges X10,36905 Balance and Charges 10,839.80 Credits: • Collections by Tillage 9,946°60 Certified to County for collection in 1949 165;00 Cancellation 31-130 Prior year cancellations 32.70 Total Credits 10,147x60 Balance December 31, 1948 692020 Accounts Receivable- Exhibit J -1: Debit balances 703°10- Credit balances 10:90 Total 692;20 n u a 97 0 0 VILL•AGr OF EDINA Garbage Rind Statement of Delinquent Special Assessments - Year Ended December 31, 1948 - Certified to County for collections in 1948 $ 415:30 Deductions: Received from County 235._70 Due from County - November 1948 tax settlement 152.41, Total Deductions $ 3S8.11 Balance December 31, 191 +8 to Exhibit J -1 27.19 98 Schedule J -2 17ILLAGE OF EDINA EXHIBI T K -1 Sewer Rental Rind • Balance Sheet — December 31, 1948 — Assets Treasurer's cash balance - Exhibit K -4 99127,.85 Investments 6,000:00 Accounts receivable - Schedule K -1 368.40 Special Assessments Receivable: Current 59,1040 Delinquent— - Schedule It -2 1.3.50 Due f rom 0ounty - November 1948 tax settle- _ ment 100;,15 Due from Working Capital FUnd 150.65 Fixed assets 862.74 Total Assets L16,6 82,69 Liabilities, Reserve, and Surplus Accounts Payable: City of P?nneapolis 2, 462..80 Customersl; credit balances - Schedule K -1 19.80 'Due to Other funds: Work ing Capital grid 115.70 'flaterworks Fund 100000 Reserve for unearned revenue,. charges in advance for sewer rent from January 1 to Larch 31, 1949 22101.50 Surplus:- Exhibit K -2: Current 14020.15 Invested in fixed assets 862;74 Total Liabilities, Reserve, and- Surplus as 16.682:69 VILLAGE OF EDINA EMBIT K -2 Sewer Rental fluid • Analysis of Changes in Surplus I i -.Year Ended December 311 1948 Invested in Fixed Current Assets Balance January 1, 1948 9,229;21 - 810;87 Additions: Net .income for year - Exhibit K -3 1, 819.71 • Adjustment of delinquent assessments receivable 23.10 Fixed assets acquired -from current + surplus 51.87 Balance and Additions 11,072.,02 862.74 Deductions., taxed assets acquired 51.87 Balance-December 31, 1948 to Exhibit K -1 A 11.020.15_ 862.74 4 0 VILLAGE OF EDINA EXHIBIT K -3 Sewer Rental Fund Statement of Income and Expense - Years .Ended - December 31, 1948 and 1947, and Comparison - Year Ended December. 1 Increase 1948 1947 Decrease. Operating Revenue: Sewer rents 7,957-.33 e 7•,246.62 Penalties 104.75 70.80 Penalties on delinquent accounts certified to County for collection with taxes 30.40 Total Operating Revenue 8,062.08r 7.347.82 714.26 Operating Expense: Operations and maintenance of system Labor Sevier maintenance and s6wage treatment Water Power Repairs Rent of Village equipment Total operations and maintenance of system Administration - Clerical salary Stationary, supplies, and postage Insurance Publishing Total administration Total Operating E.Vense Net operating income Other Income: Interest on investments Net Income 672.02 .658.07 4, 807:16 4,427-40 200•.00 100'.00 160'15 15.31 16;58 112 :70 150•.65 9 5,827.61 L 5.351.43 3 476.18 300:00 300.00 63.75 61.50 45.61 31.42 5.40 g 414.76 392.92 21.84 6,242-.37 5.744.35 498.02 1,819.71 1,603.47 216.24 128.98 328 ®98 1, 819.71. ' 13732.45 A 87.26 1-: 0 0 VILLAGE OF EDINA Sewer Rental Fund Statement of Receipts and Disbursements Years Ended December 31, 1948 and 1947,and Comparison - Balance January 1 Receipts: Collections on accounts receivable Special assessments collected by county Penalties Interest on investments Proceeds from sale of investments Total Receipts Transfersr Joint Sewer District No. 1 Find Balance; zReceipt s, and Transfers Eli IDI T K -4 Year Ended December 31 Increase 1948 1947 Decrease 7,363-.32 $ 2,82565 4,537.77 8,107.80 7,19 6.30 234.10 183.75 70.20 140.90 5,996.25 8 la 9 0 6 13,587.40 5,245:50 1,385.56 1,385.56 A 17 090 79a 16,/1, 2 96 A 677 83 Disbursements:_ Operating Expense Operations and maintenance of system 5,802065 2,948:54 Administration 714:76 92'.92 Refunds Service charges 8.10 Purchase of investments. 6,000'"00 Premium and accrued interest on invest- ments purchased 8.17 Village .share of cost of Minneapolis - Saint Paul Sanitary District sewage disposal plant 1,385-56 Capital Outlay Share of addressograph plates 51'.87 Total Disbursements 8 7,962:94 4 9,049663 12086969 Balance December 31 9,127.85 3 7,3003 e 3 6 10764.52 102 41 r� 0 ULLAGL OF t'. NA Sewer Rental Fand Summary of Accounts Receivable - Year Ended December 31, 1948 - Balance January 1, 1948 Charges: April 1 October 1 Penalties Prior years delinquent c'iarge certified to County and also paid to Village Total Charges Balance and Charges Credit s: Collections by Village Certified to County for collection Cancellations Total Credits Balance December 31, 1948 Accol.mts Receivable - Exhibit K -1: Debit balances Credit balances Total 103 241.65 3,974.80 4,201 i 50 104.75 3. 8,526.00 8,107.80 59.40 10.20 3 8,177.40 i ,.8.60 368.40 19.80 348.60 Schedule K -1 W.I,IuAGE OF IM INA Sever Rental Fund • Statement of Delinquent Special Assessments - Year Ended December 31, 1948 - 0 Schedule K -2 Balance January 1, 1948 0 4.95 Additions: Certified to County for collection in 1948 ?16. /a.0 Amounts certified in prior years, and paid to Village but not canceled by County 26.40 Balance and Additions 3 X47.75 .Deductions: Received from County 234.10 Due from County - November 1948 tax settle- ment 100.15 Total Deductions t_124.25 Balance December 31, 1948 to Exhibit K -1 i__ 3.0 104 E 0 0 VILJ:�!IGE OF EDIN.A Municipal Liquor Dispensary Fund Balance Sheet — December 31, 1948 — Assets Treasurer's Cash Balances — Exhibit L-4: General account For payment of revenue bonds and interest Petty cash Accounts Receivable: Federal tax refund on burglar alarm maintenance service Premium on surety bonds canceled Inventories: Merchandise for resale Supplies Fixed Assets — Schedule L-1 Deferred Charges: Insurance premiums Rent Burglar alarm maintenance service Federal retail liquor dealer tax stamp Total Assets Liabilities, Reserves, and Surplus Accounts payable Accrued Rent Payable: 1948 real estate taxes 1948 special assessments Accrued interest on Liquor Dispensary revenue bonds Due to Other Funds General Working Capital Liquor Dispensary Revenue bonds payable — Schedule L-2 Surplus: Current — Exhibit L-2 Invested in fixed assets — Exhibit L -2 Pledged for the payment of revenue bonds and interest Total Liabilities, Reserves, and Surplus 105 EXHIBIT L -1 459089.62 9,031.25 1,000.00 5.40 94.50 61, 848.46 75.00 4,897.68 469.08 400.00 15.00 13.72 122,939.71 27,738.86 545.86 131.88 281.25 140.34 36.34 75,000.00 5,136.25 4,897.68 9.031.25 122,9_19 U 0 0 . 0 VILLAG ; OF t M IA Municipal Liquor Dispensary Fund Analysis of Changes in Surplus - Period from June 5, 1948 to December 31, 1948 - Additions: Net income for period - Exhibit Lr.?3 Depreciation on fixed assets charged to operations Fixed as::ets acquired from current surplus Total Additions Deductions: EXHI 1T L -2 Invested in Fixed Current Assets 4 192065.18 291.97 : 5,189.65 j 19,357.15 � 5,189.65 Piked assets acquired 4 5,189.65 Depreciation on fixed assets charged to operations 291.97 Reserved for payment of Liquor Dispensary Revenue Bonds 9,031.25 Total Deductions J 14,220.90 291.27 Balance December 31, 1948 to Exhibit L-1 6 !,, 897.68 40 9 VILLAGE 0E.EDINA Municipal Liquor Dispensary Fund Municipal Liquor Dispensary Statement of Income and Expenses - Period from June 5, 1948 to December 31, 1948 - Sale s : Liquor Wine Beer Mix Bitters and flavors Cash overage Total Less bottle refunds Net sales Cost of sales: Purchases Inventory December 31, 1948 Cost of Sales Gross profit from sales Operating Expense: Selling - Salaries Supplies Advertising Retail liquor dealer tax stamp V ;holesale buyer cards Total selling Overhead - Janitor services Janitor supplies Rent Telephone Light and power Heat Water Insurance premiums Premium on surety bonds Repairs and. maintenance Rubbish hauling Burglar alarm maintenance service Ei7 EXHI U T L-3 Amount Per cent 0152, 279.97 11,399.24 22,970.71 1, 756.72 137.29 107.36 J1882651.29 2,997.89 4185,653.40 100.00; $207,902.35 61,848.46 ;'146,053.89 • 78.67 ,3 39.599.51 21. a 6, 333.24 342.07 87.60 18.45 2.00 -� 6,783.36 275.50 76.45 3,477. -74 75.92 277.54 129.00 8.16 453.41 18.18 354.68 2.59 52.50 3.66% 40 VI LLAGE 0 F EDI NA Operating Expense: Overhead - (Continued) _ Depreciation on furniture and fixtures Uaintenance of parking lot Total overhead Administration and general - Salaries of managers Auditing and accounting Office supplies Publishing Dues - Minnesota Municipal Liquor Stores Association, Inc. Christmas street decorations EXHIBIT L-3 Municipal Liquor Dispensary Income and .Expenses (Continued) - Amount Per cent 291.97 172.23 5,665.87 2, 7f,7.49 2,199.71 329.98 58.36 10.00 40:00 3.05% Total administration and general 5,425-54 2.92 Total Operating Expense 17,874.77 9.63% Operating Income 21, 724.74 11, Other Deductions: Legal services Publishing of ordinance Expense on sale of Revenue Bonds - Le gal Publishing notice Printing of bonds Liquor.Revenue Bonds - Interest Fiscal Agent'sservice charge Building not occupied Rent Repairs .Total Other Deductions Net Income to Exhibit L-2 108 400.00 46.80 200.00 13.80 71.60 1,771.87 4.22 100.00 51.27 2,659.56 19,065.18 VILLAGE OF EDINA Municipal Liquor Dispensary Rind • Statement of Receipts and Disbursements Period from June 5, 1948 to December 31, 1948 - Receipts Sale s $185,653.40 Liquor Dispensary Revenue Bonds - Sale of bonds 75,000.00 Accrued interest 196.88 Sale of cash register 65.00 Petty cash deposited in error 67.33 Total Receipts $260,982.61 • Transfer: Loan from General Rind 10,000.00 Receipts and Transfer 3270,982.61 • Disbursements: Purchase of merchandise for resale X1812374.59 Operating expenses 16,589-.98 Other deductions 2,575.19 To establish petty cash fund 12000.00 To reimburse petty cash for deposit made in error 67.33 Capital outlay - Ebrniture and fixtures 5,254.65 Total Disbursements 5206,861.74 Transfer: Repayment of loan from General Fund 10,000.00 Disbursements and Transfer U16,861.74 Balance December 31, 1948 to Exhibit L-1 120.0 109 EXHIH T L-4 40 0 VILLA.G�, OF LDT!a Schedule L -1 Municipal Liquor Dispensary Eind Fixed Assets — December 31, 19483 — r, Reserve for Book Cost Depreciation Value Furniture and fixtures r 3,204.50 7 186.94 0 3,017.56 Equipment 1,985.15 105.03 1,880.12 Totals 4; 5.189.65 , 291.97 Total to Lxnibit L-1 4 4.897.68 r, •. VILLAGE OF EDINA. Schedule L - -2 Municipal Liquor Dispensary- Fund Swnmar -7 of Bond and Interest Maturities December 31, 1948 - Fature 'dotal to Number Bonds Interest be Paid •Liquor Dispensary Revenue Bonds; - Dated June 1, 1948 Interest rate 4 IA% Maturity June 1 - _. 1949 1 -15 15;000:00.. , ?$., 3;037050 . 18,037.50 1950 16-30 15,000:00 2,362.50 17,362.50 1951 31 -45 159000000,. 1,687.50 16,687.50 1952 46-60 15,000.00 1, 012. 50 16,012-50 1953 61 -75 15,000.010 337.50 '15,337.50 Totals 8,437..90 r 830437,50 Total to Exhibit L-1 75.000.OU January 19 1948 itions: Encumbrances 1947 Expenditures 1946 Trade. —in allowances Total Additions Balance and Additions Deductions Fixed assets - traded in Refund -of expenditures Total Deductions Balances December 31, 1948 Total to Exhibit A VILLAGE OF EDI NA EMBIT M General Fixed Assets Year Ended December 31, 1948�— -i Equipment - -- Protective Famiture Total Land Building Highways Police Fire a Inspection Recreation and Fixtures 119.436.46 3, lAi195., W 20,261.29 55.833.57 5.207.79 18.313.05 1.167.40 a 3.858.36 708.50 16,230:45 1,156.66 6 79888.50 439.98 0 178,50 4,978:81 562.00 530.00 1,204.50 1,100.00 1.100.00 - 182038-25- = 1,156.66 , 7,888.50 j 1.539.98 S 5,157.31. 562 -.00, 1,734.50 137.475.41 3 14,795 00- R 21,417495 63,722.07 , 6.747.77 2 3. 4LO 0 6 1.167x40 562 5.592.86 $ 1,733.40 36.45 19733040 36.45 1,769.85 769 -.85 795. 0 2�°G1 -- x_7'95 63.722.0'7 .977:92 X4701 6 8 1.167.40 � 562 -.00: �_ _So 592.86 3 135.705:56 0 0 0 Uncollected January 1, 1948 Fines and costs imposed Total Collected Unpaid traffic tags in opening balance Total Uncollected December 31, 1948 VIIIAGE OF EDINA MIBIT h Municipal Court Statement of Fines and Costs Imposed and Collected - Year Ended December 31, 1948 - Municipal Court Statement of Fines and Costs Collected and Transmitted - Year Ended December 31, 1948 - Village Village Total. Fines _ Costs Counter State Costs Counter State Balance Januvm7 1, 1948 8.00 19.00 $ 19.00 - 18.00 42.00 State Board of Health fine transmitted to Village in 4,_098.00 3.967,00 S 28.00 j 96.50 6.50 1947 Fines and costs collected 4.018.00 10000 3.887.00 4.317.00 3,956.00 t 28.00 96.50 4 6.50 3,825.00 4,018000 32887.00 28.00 96,50 6.50 19.00 19.00 114.50 Balance December 31, 1948 to Exhibit A 2 .0Q 200D 4.031.00 1906.00 28.00 80.00 L 80.00 Municipal Court Statement of Fines and Costs Collected and Transmitted - Year Ended December 31, 1948 - Village Total Fine Costs Counter State Balance Januvm7 1, 1948 8.00 52.00 - 18.00 42.00 State Board of Health fine transmitted to Village in 1947 Fines and costs collected 4.018.00 10000 3.887.00 28.00 96.50 10.00 6650 Total 4,026.00 3,825.00 $ 28.00 114.50 58:50 Transmitted to Village Treasurer - Schedule D-3 4.O:c4.00 3.82 .00 28.LO 114.50 Balance December 31, 1948 to Exhibit A 2 .0Q 200D Treasurer; J. J. Duggan Clerk: Bowe r Hawthorne Bower Hawthorne Deputy Clerki Gretchen I. Schussler Clerk of Municipal Courts Gretchen I: Schussler Gretchen I. Schussler Assessors Alex Creighton Alex Creighton Constable: Hilding Dahl Municipal Liquor Dispensary Employees: Earl J. Keeler, Manager Prank F. Kippley, Clerk Public Employees blanket position bond *Canceled August 34 1948 VILLAGE OF EDINA M Official Bonds Term Date of Bond Amount of Expires Bond Expires Bond Surety Dec. 31, 1949 Dec. 22, 1947 Jan. 11 1950 7,500.00 National Surety Corporation Dec. 31, 1946 Jan' 14, 1947 Jan. 1, 1949 500.00 The Travelers Indemnity Company Dec. 31, 1950 Continuation Certificate 500.00 The Travelers Indemnity Company Dec. 31, 1918 Dec. 29, 1947 Jan. 4 1949 3,500.00 Standard Accident Insurance Company Dec: 31, 1948 Dec. 34 1949 Dec: 31, 1948 Dec. 31, 1950 Dec. 31, 1949 Feb: 2, 1948 Jan. 14, 1949 Jan: 3; 1947 Jan. 10, 1947 Jan: 12, 1949 Jana 12, 1950 Jan' 3, 1949 -mc. 31, 1950 Jan. 22, 1948 Jan. 1, 1950 June 6, 1948 June 6, 1948 Jan, 28, 1949 June 6; 1949# June 6, 1949* Jan. 28, 1952 10000 :00 Hartford Accident and Indemnity Company 13,000.00 Hartford Accident and Indemnity Company 500 :00 The Travelers Indemnity Company 500.00 The Travelers Indemnity Company 500.00 American Surety Company of New York 153-000 :00 United States Fidelity and Guaranty Company 10,000.00 United States Fidelity and Guaranty Company 10 }000.00 Indemnity Insurance Company of North America BIT 0 Filed With Village Clerk i. Village Clerk Not available ,Village Clerk i Village Clerk Vill age Clerk 0 County Auditor i County Auditor Village Clerk Village Clerk Village Clerk Villa ge Clerk its .. "�- a7G�7 4CSf11YGi- 1y, A'147 Balance on Security. for. Deposits Deposit Amount. Description Ddidland_ rational Bank and Trust Coinpanyj Minneapolis 39,224.70 25,000.00 United = States Treasury' bonds, 2% due Parch 15, 1952 110,000.00 United:States Treasury.- bonds 3 %• due Sept: 15, 1955 5,000.OD . °3aderal Deposit Insurance Corporation Totals 3 0220:70 449,900400 = First Edina State Bank,. Edina Vi llage of Edina $213 -Ml 16 $150,000:00 United `States Treasury bonds, 2� duo I)ec.. 15, 1954 Liquor Dispensary Find- 41.,512-0-12 1753000:00 United States Treasury bondsi 2 1/2% due. liar: 15, 1956 5;000:00 - Federal Deposit Insurance :Corporation Totals 1255.293.28. 330:000:00 Buildings and Contents: Village hall - Village hall, furniture and fixtures Municipal Liquor Dispensary - Building Stock Furniture and fixtures Comprehensive glass 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,,. Pump and machinery shed contents Equipments Highways -- 1940 International dump truck 1940 Diesel road patrol 1941 Bucyrus -Erie power shovel _ 1941 Reo dump truck 1942 Toro power mower 1942 Ford tudor 19" G.M: C. dump truck 1945,LMeMo tractor with Lull loader 1946 Ford pick -up 194b Fbrd pick =up 1946 Diesel road, patrol 1946 Jari .power scythe 1947 Diamond T dump truck 1947 Ford pick -up 1947 M.M. tractor with Lull loader 1948 A :W: street sweeper Snow fence Police Department- 1946 Ford tudor 1948 Chevrolet_tudor Fire Department - 1942 International 1946 American LaFrance 1948.71illys Jeep VILLAGE OF E11NA EXHIBIT Q Insurance — In Force 5eptember.19, 1949 — Fire, Extended Fire and" _.Use and Coverage, and Fire and Fire, Theft, Public Property Extended fire 06'Cupancy Vandalism Comprehensive and lindstorm Liability 'Damage Other 4.,8000'00 1,000.00 - 60;000.00 50,000.00 30,000.00 - , 4,000.00. Cost 20, 000. 00 5, 000. 20,000:00 500.00 2,000.00 1,500.00 5,000.00 250.00 1,200.00 1,500.00 $25150,000. 5,000.00 2,000.00 70000.00 19200:00 25/509000. -00 5,000:00 100.00 900.00 25/50,000:00 5,0006-00 2,800:00 25/50,00040 5,000:00 1;800.00 1;0000-00 25/50,000.00 590OO400. 1,000&00 25/50000.00 5,000:00 7,000400 °150:00 3;500.00 25/50,000:00 5-2000:00 - 1,1734.00 25/50900040 5,000:00 2;800:00 5,100:00 1.,0004,00 1'140400 25/50, 000 -00 5",000400 1,300:00 z5 /5o;0oo:00 :0 5,0000 4;000.•00 25/501000400 5;000:00 10_000400 25/50,000:00 59000.°00 3,630.00 r 25/50,000:00 ` 5;000:00 Public Liability and Property Damages. Municipal. Liquor Dispensary Street and road construction Water Works Municipal Liquor Dispensarys Mercantile open stock I+doney and securities on premises Messenger WorkmenAs Compensation Volunteer Fire Company Blanket Accident VILLAGE OF EDINA EXHIBIT Q Insurance (Continued) Fire, Extended Fire and Use and Coverage, and Fire and Fire, Theft, Public Property Extended Fire Occupancy Vandalism Comprehensive and Windstorm Liability Damage Other $50/:00$000.00 25/50$000.00 100/ 200$000.00 t1A AA A•A rA I -7 5, 000.00 5$ 000.00 5:000.00 C7 VIIJ AGM OF PDINA VILLAGF OF EDINA 4801 West Fiftieth Street.— Edin4. Minnesota December 10th, 1948 To the Edina Village Council, Edina, Minnesota. Gentlemen: On November 30th, 1948, the Minneapolis Real Estate Board made appraisals on two tracts of land adjacent to land already owned by the Park Board and also to land which will be deeded to the Park. Board by the .wing Realty Compamy,' making a total of approximately 55 A. The descriptions of -these two tracts are as follows: All that part of the East 1/2 of_the Northwest 1f4 of the Southeast 1/4 of Section 29, Township 117, Range 21, lying South of a line drawn from a point on the West line of the described tract, 1050 feet Northerly from the Southwest corner of the tract connected to a point on the East line of said tract, 760 feet Northerly from the Southeast corner of said tract and containing 12.6 acres more or less. Owner -- Lester R. Blackburn et al. Appraised valuation - $59000 All that part of the [hest 1/2 of the.Aorthwest -l/4 of the Southeast 1/4 of Section 29, Township 317, Range 21, lying North of the Northerly boundary of the Perk land dedicated in a subdivision called Mirror Lakes in Edina and Fast of the East line of Mirror Lakes Drive as dedicated in the same plat and containing 2.45 acres more or less. Owner — Robert A. Harvey, et al. Appraised valuation - $2,200 'The Park Board recommends the purchase of these two tracts of land. but as there are no funds available at this time in the Park Board fund,, a grant is requested for this purpose. If such a grant is approved, it is requested that the Council inform the Park Board as to the method of repayment prior to the issuance of any funds. Respectfully submitted, niE . nal 6 A FIXV .. , •�e By Louise Westerberg (sigo d) Secretary VILLAGE Or EDINA To the Edina Village !Council. EMIBIT ago January 24th, 1949 Gentelemen: At.a- special .,meeting of the Park Board this day, the porchase for Park and Plyground purposes of a certain piece of property known as the Lester Blackburn property, in Edina, and comprising approximately 12 A, of land approved. This pro perty lies in the middle of three- property property which have previously been deeded to the Village for ,Park and ;Playground purposes,,, viz: property lying. South of the Be H. Jewett property, `property on the north side of the Spring Compe4!s Edina Highlands Addition Ho. 2,. and property Ding oa the east side of the. H. R. Burton Mirror takes Addition. This property now owned'by, the Village plus' the- prope'rty,which we propose to buy from Lester Blackburn, will give the. Village a single and very desirable area of approximately 55 A.'.., nis Blackburn property in question. has bsenappraised by the Minneapolis Real Estate,Board for,an amount of $5000.00 and Mr. Blackburn has'agreed to accept that price.. We therefore request the Village Council to advance to the -Park Board' the sum of $5,000.00 for the purchase of this property and the Park Board hereby agrees to repay this amount out of "Park Board funds at the rate of $1,000.00.per year at an interest rate no greater than that charged.presently to,the Village of Edina., :For your information, the 1949 Park Board budget . contains an. item of $2,500.00,for the purchase of property. The legal - description of the.property to be purchased mill'be furnished by the Park Board with the negotiations and actual sale to be handled,by and approved by the Village Attorney. Respectfully submitted, ME Edina Dark.Board ®l9ga Re Clark (si fis d) Howard _Clark, Chairman Hermann H. Strachawsr (signed) H. H. Stracb er William W. Lewis (sieried ) W. W. Lewis EXHIBIT 10X" E1/2 of NW I/4 of SE %} Section 29 T. II? N. R.21 W. IN TERL A CHEN ROAD �-- 120 EXHIBIT "Y" . E 1/2 of NW 1/4 of SE V4 Section 29 T.117 N. R.21 W. /NTERLACHEN ROAD— —y— TRACT TRACT TRACT R S T n h � N $750.00# $250100* o TRACT U � h � NN o TRACT P *Appraised Value by Minneapolis Board of Realtors 121 EXHIBIT is Z'° E1 /2 of NW 1/4 of SE 1/4 Section 29 T. 917 N. R.21 W. T R ACT U TRACT P X22