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HomeMy WebLinkAbout1951 Report of Examination®00000 -= REPORT OF EXAMINATION AND SUPPLEMENTARY DATA VILLAGE OF EDINA - .MINNESOTA December 319 1951 m- 00000 - -, cI =00000 -- INDEX ACCOUNTANTS' REPORT ............... 000..00000000000000000.o.00 PAGE 3 e COMMENTS o 0 0 0 0 0 0 0 0 o . . o . . . o o o . o o o 0 o . o 0 o ... o 0 o o o ... 0 0. o 0..... o. o 4 COMBINED BALANCE SHEET. oo. o% o .... o.000.0000.000..o.o ..... o... 18 GENERAL FUND: BALANCESHEETo ........... .. o .ou.o.o.00000..000..o0.o ...... o 20 STATEMENT OF SURPLUS o UNAPPROPRIATED ................ o..... 21 ANALYSIS'OF CHANGES IN CASH BALANCES.o.o..o ....... o........ 22 COMPARATIVE RECEIPTS. o ... oo ............... 000.00000........ 23 COMPARATIVE DISBURSEMENTS. oo 000.o .......... o ...... o ... o.... 25, MUNICIPAL COURT FINES m COUNTY AND STATE CASESo — o........ 29 F I XED ASSET S . . . o o o o. o o.. o...... o 0.0 o 0 o o.. o.. o. ._ o. o o. o 0 0.. o. 0 3 0 WORKING CAPITAL FUND:. BALANCESHEETo.o..o...... 000 ...o0...00.0000..0000000a000..o 31 COMPARATIVE STATEMENT OF INCOME AND EXPENSEo....o.o.o.00.o0 32 ANALYSIS.OF CHANGES IN CASH BALANCES ... oo ... oo ........... o. 33 POOR FUND: BALANCE SHEET... .o..0 ..000.00..o ............... 34 STATEMENT OF SURPLUS - UNAPPROPRIATED.., ...... o ..... o ... o 35 ANALYSIS OF CHANGES IN CASH BALANCESo ... o.o ........ o....... 36 PARK FUND: BALANCE SHEET.......v......0 .00....0..........0..0.0..0.000 37 DEFICIT ® CURRENT FUND. o.... ....o....o...000000.000000.o.00 38 ANALYSIS OF CHANGES IN CASH BALANCESo .o'.o .................. 39 COMPARATIVE DISBURSEMENTS. oo .o.o.o.....o ...... o0o0oo0.o0oo. 4p FIXEDASSETS ...... o ..... oo. o ... 0000000..00000.o00o.o.o .... o 41 SPECIAL ASSESSMENT FUNDS: COMBINED BALANCE SHEET...... . ..o ... o .....................o.. 42 BALANCE SHEET ® SEWER DISTRICT FUNDo..o..o.000 ...... o ..... 6 43 BALANCE SHEET — WATER MAIN FUNDSo .00...o0oo000o ... o ....... o 44 STATEMENTOF SURPLUS0 00000 0000000000000 0 00000 .00 0 00- 0 0 0 0 0 .00 45 SUMMARY OF-CASH. RECEIPTS AND DISBURSEMENTS- 0. o 0 0 o 0 0 e o 0 0 o 0 o o 146 SPECIAL ASSESSMENTS RECEIVABLE: CURRENT AND DELINQUENT..... oo.0o0o.0o.o0o0o0o0o 0... oo0o0o 4 DEFERRED. oo .... 000.. o.. o ... o00oo.00.o..00.0000000.00000.. 48 BONDS PAYABLE AND BOND INTEREST0000 .0000000000000.000.00000 49 AMOUNT PAYABLE TO CITY OF MINNEAPOLIS o SEWAGE DISPOSAL PLANTO. o ........... o0.0o0oo.o.o.o.00..o.00 50 IMPROVEMENT. FUNDS: .COMBINED BALANCE SHEETo.O oo. o .... o.o.- 00000o0.00..0.000000.0 51, STATEMENTOF SURPT, TTS0000. o.. o.00000.000..00.00000.o.o.0000a 52 ANALYSIS OF CHANGES IN CASH BALANCES..000 ... oo00.m000000000 53 SPECIAL ASSESSMENTS RECEIVABLE: CURRENT AND DELINQUENT., o....00....o...0000....000.0000 55 DEFERRED...000.00000.. 00000 .000....00.00000.0....0....... 5 CONSTRUCTION IN PROGRESS CURRE NT . 0 . . o . . . . 0 o 0 0 . o 60 DEFERRED0000...0...0...... .000000.00..0..0...0...0.00.... 64 RESERVE FOR , CONTINGENCIES. oo ....o......00.00....0.000...0.. 66 CONTRACTS PAYABLE0000. o0. 000 ..... ...00000..o.00.00000.0.... 69 BONDS PAYABLE 000. o. o ..... o.. o.0000000.000000000.00000...0.o 70 4 INDEX (COnt'd) DEBT SERVICE FUND: BALANCESHEET o .............. ....o.00000000.000..000000000.. PAGE 72 SUMMARY OF CASH RECEIPTS AND DISBURSEMENTS.o.00 o oo o o. .... o. 73 PERMANENT IMPROVEMENT REVOLVING FUND BOND BOND AND INTEREST MATURITIES, DEFERRED TAX LEVIES, AND-ALLOWANCE FOR UNCOLLECTIBLE TAXES: ''SINKING FUND NO. 1 ..... .. 000 .......... 000000.00000.00...o 74 SINKING FUND NO. 2.0 o..00 ....o.o.00.o...00..00000c..0000 75 SINKINGFUND NO. 3o. 000000000 ..00e0000000.00000.o....... 76 WATERWORKS FUND: BALANCE SHEET000. 0000.. oo.... .......00 ... 0.00..:O'0000000... 77 STATEMENTOF-SURPLUS, ..... ......ouo•..•••0000.c.......u.. 78 COMPARATIVE STATEMENT OF INCOME AND EX PENSE...00..0000...0. 79 ANALYSIS OF CHANGES IN CASH BALANCES .... o .... 0000 ..... oo.o. 81 FIXED ASSETS0000000 0000. 00000000- oo... ".000.ou.00....u....... 82 BONDS PAYABLE AND INTEREST EXPENSE '..o.a...o.a.:....o..o.... 83 'GARBAGE FUND: BALANCE SHEET ............... .........uu.o......o....... 84 t STATEMENT OF SURPLUS® DEFICIT ..o..00000.00...0000.00..u...o. 85 COMPARATIVE STATEMENT OF INCOME AND EXPENSE...o.......... 86 ANALYSIS "OF- CHANGES IN CASH BALANCE. 0 0 0 ................ o .. 8 ANALYSIS OF RECEIVABLES ... o. .a.....ou...oc.00.o..000c.ocoo. 88 i SEWER RENTAL FUND: .BALANCE SHEET .... o..... o..".. ....00.cc.00........o.o...u.... 89 STATEMENT OF SURPLUSo.00...o.....00.00.000. ..000..00.o..... 90. COMPARATIVE STATEMENT OF INCOME AND EXPENSE ........ o....... 91 ANALYSIS OF CHANGES IN CASH BALANCESo.o.0000 ............... 92 ANALYSIS OF RECEIVABLES. .... 000 .o.o.oaoao...o..00a000000•••• 93 LIQUOR DISPENSARY FUND: BALANCE SHEEToo... o....... o. .00..00..oao.o.o.o.....o.....00 94 STATEMENT OF SURPLUS.... o... .o .... o.... o.o... ...... o....... 95 COMPARATIVE STATEMENT OF INCOME AND EXPENSE.o ....... o. ... o. 96 ANALYSIS OF CHANGES'IN CASH BALANCES..ouu -oo.o.00.00.0000.o. 97 FIXED ASSETS.;.o.. o.. o. oo... 000..00...o.00.00u000000000..o. 98 GENERAL SCHEDULES: _ CASH — ALL FUNDS. ....... o . ................o.............. 99 SECURITY FOR DEPOSITS.00... o..o ... o.uo ..................... 100 INVESTMENTSo ..... 0000. o. .o.0000..u.000.c.uo.000c..o..o. 101 TAXABLE VALUATIONS,TAX LEVIES, AND RATES., ...... ­...—o 102 ORGANIZATION.... o..o.o.. 0000 .o....0 .................c... 103 OFFICIAL BONDS...o..ououu000. ..o...u..u.0000coo..0o..ocu 104 MUNICIPAL COURT FINES. o. .... oo ..... o.0000..000000.o.o.00.uc 105 L'` INSURANCE000.. o... o... oo..... 000•.o.ocu..00...o ......... o.o. 106 ­00000-- AKRON ATLANTA BALTIMORE BIRMINGHAM BOSTON BUFFALO •' CANTON CHICAGO CINCINNATI CLEVELAND COLUMBUS DALLAS DAYTON DENVER DETROIT ERIE .� FORT WORTH GRAND RAPIDS HOUSTON INDIANAPOLIS KALAMAZOO KANSAS CITY LOS ANGELES LOUISVILLE MEMPHIS MIAMI MILWAUKEE MINNEAPOLIS July 39 1952 To the Village Council Village of Edina, Minnesota We-have examined the balance sheets of the various funds of the VILLAGE OF EDINA9 MINNESOTA, as of December 319 19519 and the related statements of cash receipts and disbursements or ` income and expense and surplus for the year then ended. Our examinam tion was made in accordance with generally accepted auditing stand - ards9 and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. (#A 0 In our opinion, the accompanying balance sheets and statements of cash receipts and disbursementsg income and expense and surplus present fairly the financial position of the VILLAGE OF EDINA at December 319 19519 and its various special funds and the results of their operations for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of�the preceding years Our certificate or report upon an andit or examination is delivered to client with the distinct understanding that any advertisement, publication, or copy, therefrom, in fall or in part, of such certificate or report, shall be in the form to be approved by us. As a preventive against fraud, attention is directed to the fact that all pages in this report should bear our water mark. —*A NEW E R N S T& E R N S T PHILADELPHIA I PITTSBURGH POTLAND, ME. PROVIDENCE ACCOUNTANTS AND AUDITORS READING RICHMOND ROCHESTER ST. LOUIS SYSTEM SERVICE ST. N ANTONIO SAN FRANC15CO SEATTLE TOLEDO ' WASHINGTON MINNEAPOLIS WIN YOUNGS7 SALEM FIRST NATL -SOO LINE BLDG. TORONTO, CANADA DELIVERY ZONE 2 CORRESPONDENT AT LONDON CABLE ADDRESS "ERNSTAUDIT" N. Y. July 39 1952 To the Village Council Village of Edina, Minnesota We-have examined the balance sheets of the various funds of the VILLAGE OF EDINA9 MINNESOTA, as of December 319 19519 and the related statements of cash receipts and disbursements or ` income and expense and surplus for the year then ended. Our examinam tion was made in accordance with generally accepted auditing stand - ards9 and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. (#A 0 In our opinion, the accompanying balance sheets and statements of cash receipts and disbursementsg income and expense and surplus present fairly the financial position of the VILLAGE OF EDINA at December 319 19519 and its various special funds and the results of their operations for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of�the preceding years Our certificate or report upon an andit or examination is delivered to client with the distinct understanding that any advertisement, publication, or copy, therefrom, in fall or in part, of such certificate or report, shall be in the form to be approved by us. As a preventive against fraud, attention is directed to the fact that all pages in this report should bear our water mark. —*A COMMENTS The following comments relate to the scope of our examination and to the accompafxying- _.financial statements: SCOPE OF EXAMINATION The General Fund imprest cash9 cash working fund9 and cash for deposit of the municipal liquor store9 the Waterworks Fund9 Garbage F'ond, and Sewer, Rental Fund were counted by us as of December-319 1951. The Municipal Court working fund was counted by us during the course-of--our- examination and reconciled to balances at December 319 19510 Demand deposits were reconciled to the balances reported directly to us by the depositories. Our examination of cash transactions in- cluded inspection of canceled checks and comparison thereof with recorded disbursements for periods as selected by us and the reconciliation of recorded receipts for the same periods with deposits as shown by bank statements. In addition to inspection of claims in connection with the analysis and classi- fication of items in the various funds9 our examination included inspection of vouchers and claims for selected periods and the tracing of authorization to the minutes of the Council. Government securities and interest received thereon were con- firmed by us by correspondence with the bank holding the securities for safekeeping. Current special assessments collectible in 1951 were reviewed by us and reconciled to the amounts as shown by the records of the County Auditor. Delinquent special assessments and delinquent taxes were reviewed by us and compared with the balances reported by the County Auditor. Minor differences9 the greater portion of which had been carried over from-previous yearst were not checked out. We reviewed the transactions pertaining to deferred assessments receivable. Accounts receivable from customers for service charges on water, garbage, and sewer rental were compared with subsequent collections and reconciled to the balances of accounts unpaid at April 309 1952. We supervised the mailing of water customers' statements as of March 319 19529 and inserted a request that we be notified of any differences. All differ - ences reported to us to the date of this report have been satisfactorily explained; Accounts receivable of the Liquor Dispensary�Fund consist of NSF checks, two of which totaling $15.00 are still uncollected. The amount due from other governmental agencies was traced to records of subsequent 11�0 collection. The amounts due from other funds were balanced with the amounts payable as shown by other funds. Interfund transfers and charges were reviewed by us. mho 0 We were present at the time physical inventory was taken at the municipal liquor store to observe procedures.followed and to make test counts of quantities. We reviewed the perpetual record of liquor.and wine inventories, made tests as to the transactions recorded, and reviewed the adjustment of book quantities to inventory counts. We tested the prices used in the valuation of the inventory by reference to purchase invoices and other data. Clerical computations, were tested by use Inventory of water meters at December 319 19519 was reconciled with the beginning inventory, the purchasesi and the sales during the year. We reviewed the transactions in the construction accounts and the related liabilities in contracts payable. The major additions to fixed assets were supported by in- spection of invoices or other data. Computation of the provision for depre- ciation in the Waterworks Fund and Liquor Dispensary Fund were reviewed by us. Provision has been made in the balance sheet for all ascer- tained liabilities of the Village at December 319-1951. Accounts payable were tested by direct correspondence and other data in the Village files. We reviewed the calculation of accrued interest and the appro- priation of cash.for payment of bonds and interesto Canceled bonds9 which had been redeemed during the year, were inspected by us. The amount due to the Minneapolis -Saint Paul Sanitary Sewer District was confirmed with the Minneapolis City Comptroller. We made a general review of the system of internal control and of the operating accounts for the year ended December 319 1951. Income and receipts, expenses and disbursements were reviewed as to adequacy of classification and conformity with classification for the preceding year. Such other tests and analysis.of accounts were made as we considered necessary. Tax settlements received during the year were confirmed with the County Auditor. Copies of licenses and .permits issued were compared with recorded collections. Dog license income and tag numbers were accounted for. Fines collected were verified by inspection of the docket of the Municipal Court. Duplicate receipts on parking violations were compared with recorded collections. Amounts as shown by.official receipts were compared with re- corded collections for periods selected by use Minutes of the meetings held by the Council during the year were read by us. Construction projects in process and initiated during the year were traced to minutes of the Council as to date of petition, hearing, authorization for advertising for bids, bids received, contracts awarded, and hearing on and approval of assessments. q® COMMENTS ON FINANCIAL STATEMENTS GENERAL FUND There is included herein a statement of cash receipts and disbursements for the year 1951 in comparison with 1950. As the aforemen- tioried statement includes both operating and non-operating items9 we have reconst'Tuc,ted the statement for the year 1951 (that for the year 1950 was similarly reconstructed in our report for that year) to show the operations or, an accrual basis in comparison with the related budget, REVENUES General taxes FoTfei.ted tax sale apportionment Interest and penalties Mortgage registry tax Gross earnings tax Licenses and permits: Plumbing licenses Building permits Plumbing, sewer, and cesspool permits Dog licenses Other licenses Liquor tax apportionment Cigarette tax- Clerienal for other funds Engineering and administrative fees Street and sidewalk Street opening fees Rentals of land and buildings Election filing fees Non - revenue collection - Park Fund Fines (excluding county and state cases) Special assessment searches Sale of maps, Junk, etc. Sund ty TOTAL (01 Estimated $1799863075 _50.00 500.00 11000.00 Actual $1789751.27 112.21 870-04; 29855.56 119.22 Actual Over - Under* $ 19112.1+8* 62.21 370.08+ 198550 56 119.22 $ 500,00 $ 19155.00 $ 655.00 59000.00 99302.1+0 8+9302.1+0 29000.00 500.00 ls930,00 99930000 69000.00 59600.00 2 98 +00.00 99000,00 19000.00 -0- 320.00 10.00 1+9659.05 1+66.75 2 21+1.58 179826.78 99009.82 791+29.40 2761+8.41 169901-.30 920100 691+. o0 300.00 6.00 19500000 -o= 79500000 -0® -o- -o- 179583.16 29 .00 175.50 95.87 2,659.05 33.25* � 31 . 88, 8 79896.79 3,009.82 19829.1+0 21+8,1+1 7990+.30 80°00* 691+. o0 20.00* 8+. 00* 19500.00* 109083.16 294.00 175-50 95.8z $224,9673.75 $2569595.54 $319921.79 ----- - - - - -- ----- - - - - -- ---- - - - --- -h- EXPENSES General government Public safetys Poliebe Fire Inspection Public works Sanitation -and waste removal Unallo6ated expensess Employees° retirement fund Workmen's compensation Audit Equipment rental Contingency $ 2,200.00 $ 29166035 $ 33065* 29000.00 19000.00 19000.00* 39000,00 . 29880.00 120.00* 259000,00 279376.87 29376.87 1.000.00 1.572.10 10427.70* 351200,00 6 3+9995.52 8 201+.45* -Tree trimming 39000.00 Actual Estimated Actual Over ®Under* $ 379028.75 $ 399749.40 $ 29720.65 $ 319350.00 $ 319 - 328.86 $ 21.11+* 39350,00 29605.16 744.84* 6.961.57 4 2 6. * 192OO,OO 1+9900,00 72,385.00 {�� 97.9 869404.47 19002. 1* 149019.47 3,800.00 29949.96 85o.o4* $ 2,200.00 $ 29166035 $ 33065* 29000.00 19000.00 19000.00* 39000,00 . 29880.00 120.00* 259000,00 279376.87 29376.87 1.000.00 1.572.10 10427.70* 351200,00 6 3+9995.52 8 201+.45* -Tree trimming 39000.00 960,13 29039.87* Health department 360.00 364.41 4.41 T Civilian defense -o- 389.17 389.17 Capital outlays Highways $ 69000000 $ 11+9216 97 $ 89216.97 Fire department 49000.00 49078.45 78.45 Police department 19000.00 19014.21 14021 Addition to Village Hall. 79500600 -o- 79500.00* Furniture and fixtures 19000.00 19113,61 113.61 Tool house 19000.00 29491.93 19491093 Fire station 79500.00 eom 79500.00* Engineers'-equipment .29000.00 19910.65 89.35* Elections m om 132.00 132.00 Sewer connection to Village Hall =o= 29822.00 29822.00 Special assessments on park property_ 11000.00 1 000 OO -o= 27.7790 2 1 000 00* 220,18* TOTAL $2249673.7542349490.47 $ 99816.72 Summary's Excess of actual,revenue over - estimated $ 319921.79 Less.excess of actual expenses over - estimated 99816,72 INCREASE $ 229105.07 GENERAL FUND SURPLUS Balance at December 319 1950 $1499972095 Add revenue in excess of expenditures for the year' $ 229105.07 Deduct transfer to appropriated funds for imprest cash 50,00 228055.07 Balance at December 319 1951 $1729028,02 In previous reports9we have commented upon the compensation and travel of the Village Assessor, For the current year9 claims were sub- mitted for .compensation on specified dates9 but information as to related mileage was shown only in totals, In our report for the year 19509 there were indicated certain minor billings amounting to $172,93 which had not been invoiced or collected. During the year 19519 all of these except for one item of $13,00 were collected, . WORKING CAPITAL Expenses for the year totaled $28 576 *879 of which $279376087 was charged to the General Fund. The increase of $49881022 in- expenses over the preceding year is shown in the comparative statement of income and ex- pense elsewhere in this report* The overdraft should be eliminated by collection of at least a part of the balance owing by the General Funde POOR FUND Surplus increased.from $19211,65 at January 19 1951 to $59662,53 at December 319 1951, Revenue receipts totaled $692070999 while disbursements and accruals for expenses aggregated $1 756,78, Investments of $29000-,00 were sold during the year, A tax levy of three - tenths of one mill -was levied in 1951 (collectible in 1952) which is expected to realize approximately $29100,00, PARK FUND The change in Park Fund deficit is summarized as followss Deficit January 19 1951 $29940023 Less-excess of revenue receipts over disbursements and accruals Receipts $129942,25 Disbursements and accruals 10,634026 2,307.99 Deficit December 319 1951 $ 632,24 The County Auditor has furnished statements for assessments collectible_in.1951 and 1952 against Park Fund property whi6h-have been bene- fited by-projects of the 1950 and 1951 Series Improvement Funds-, The liabil- ity of the Park Fund for payments on principle alone in the-next ten years amounts to $99027,26 on these projects. The amount collectible in 1951 was $448,79 which was paid by the General Fund and is included in the amount shown as due to General Fund on the Park Fund balance sheet, The liability of the Park Fund for assessments on projects prior to 1950 has not been deter - mined by the Village; it is recommended that the council decide whether such assessments are to be considered as contributions to the Park.Fund or reim- bursable by that fund, If it is the intention of the council to assume the cost of special assessments for Park Fund property for the current and future years9 an appropriate resolution should be passed, -8- SPECIAL ASSESSMENT FUNDS The liability of Joint Sewer District No, 1 to the Minneapolis- Saint Paul Sanitary.District. was reduced to $339720,13 by payments of $29667,3+ from surplus funds, It is expected that the remaining balance will likewise be liquidated from surplus funds now existing or from connection charges on new distri. {its, -Sewer Districts Nos, 1', 59 79 89 and 9 had no indebtedness other than for refunds on canceled assessments at December 319 1951, We repeat our recommendation that a Sewer Replacement Fund be established, from which payment may be_made for major sewer repairs9 and that the surplus in the above listed Districts and any similar surplus which may arise in the future9 be transferred to the Sewer Replacement Fund, IMPROVEMENT FUNDS The Village continued through the year 1951 to use the Perma- nent Improvement Revolving Fund as a Construction Fund, The councils upon our recommendations subsequent to the close of the year authorized the estab- lishment of a'-Construction Fund and the loan to it by the General Fund for working purposes of.$505,000,00 to be effective as of December 319 1951, It also authorized the transfer to such construction fund of proceeds of bonds sold for construction purposes by the Improvement Funds following the placing of construction contracts, The aforementioned practice, in addition to being inadvisable, resulted in considerable confusion in the accounting for construction pro- jects, Following the councilvs authorization aforementioned, we have analyzed -and separated the various funds in order to show separately the accounting for construction work and to state the various Improvement Funds and the construction as they would have appeared at December 31, 19519 had the segregation been made at that time, Adjustments therefor have been, placed on the Village books, The separation and adjustment had no, net effect on the total financial statements of the Village but should assist materially in the bookkeeping beginning January 19 1952, The balance sheet of the.Construction.Fund at December 319 19519 on the basis referred to is summarized as follows: ASSETS Cash Accounts receivable Construction in progress - current Construction in progress - deferred $ 420.006.39 29221+,21 255,323.09 362,301,65 $190399855.31+ e_9m LIABILITIES Due to other funds for advances $ 6629 496 o 18 Water main and sewer connection deposits 99693068 Construction contracts payable 3673665.1+8 $19039985534 The cash balance and the advances from other funds are analyzed and summarized as follows: _Funds providing advancese 1950 Improvement.Fund First Series 1950 Improvement', Fund Second Series 1951 Improvement Fund.First Series 1951 Improvement Fund Second Series General Fund Total due to Other Funds Unallocated construction costs Cash Construction- Available Total in Progress for Advances Current Construction $. 69241.95 $ 49124.81 $ 29117814 45,861.o5 199 523.11 269337-94 609295 .,59 659231044 1+9935.85* 5009000000- 1419220,24 3589779.76 50mM-U 50909759 $6629496.18 $2309099.60 Total Construction-in Progress Current Cash provided by water main and sewer.connection deposits Less accounts receivable 253223.42 $,2559323-09 99693.68 2.224.21 25922301+9* 79469.47 Contracts payable which have been assessed or transferred to construction in progress current: Contracts payable $3679665.48 .'Less construction in progress deferred 362., o� 1.65 5363®83 CASH BALANCE DECEMBER 319 1951 $4209006.39 * Indicates red figure. IQ -lo ®. An analysis of the cash provided by 1950 and 1951 improvement bonds.which remains for construction is presented in the following schedules 1950 Improvement Funds 1951 Improvement Funds First Series Second Series First Series Second Series Proceeds from -sale of bonds 15 9000,00 1 9000.00 1019000,00 $5009000.00 Deduw,4,ionss Payments on constructions Duy,ing the year 1950s To Permanent Improve- ment Revolving Fund During the year 1951: To Permanent Improve" ment Revolving Fund For water main connections Transfer to Permanent Improvement Revolving Fund Transfer to Construc- tion Fund Transfer from 1950 Improvement Fund, Second Series Cash Advanced to Construction Fund Construction in progress - current paid by improve- ment funds and advanced to Construction Fund Less contracts payable Total- Advances Less construction in progress - current Cash Available for Construction Less construction in progress - deferred CASH UNENCIIMBERED * Indicates red figure. $10+9095.95 $121-1906.92 509001,1+8 315000 19591+.38 29155.96 316.0+ 129914.71 $ 399083011 97059 299.70 1 21 60* 1 21 60 1 54.T2-6-.-0'6 IS1 ®2 0 0 0-41 mo- $ 39173.91- $ 27971-9.63 $ 609295.59 $5009000.00 $ 1+9121+.81 $ 197 523.1 -1 1 o 6 0 8o 1. x+•11.6 - 0 �1 182111242 - -om -om 69241.95 459861-05 0,29 . 9 009000.00 1+,,121+.81 13.521.11 6 5.231 e44 1413220.21+ $ 29117.11+ $ 26933.7.9+ $ 1+9935.85 *$3589779.76 mom 25.277.86 1350-1 3 -1-1 x561.28 $ 29117.14 $ 1906o.o8 $ 691+38.91+*$ 259217.98 ®11- During the year the item of $129695,129:carried from the preceding year which represented unallocated costs from settlement of a suit by -a contractor on blacktoppin.g projects9 was settled. Disposition of the item -was made by charges of $39583,04 to the reserve for contingen- cies of affected projects and by charges of $99112,08 to surplus of the Permanent Improvement Revolving Fund, The accounts receivable arise from.overpayments'to contractors as follows a Ashworth and Son (Street improvement 51) $291+3,15 Earl Sewell (Street improvement A6) 81,06 TOTAL $2922+,21 The amount due from Ashworth & Son arose early in the year 1951, The item did not receive attention during the year 1951 either in obtaining a refunds or as a deduction from payments due that company on other work, Construction in progress deferred and contracts payable are summarized as followss Construction An Progress Contracts Deferred Payable For construction not assesseds 1950 Improvement Fund Second Series $ 259277,86 $ 259277,86 1951 Improvement Fund First Series 1950309 19503,09 1951 Improvement.Fund Second Series 3339561078 .3339561 ,78 Not allocated 1.958.92 -1 8 2 *� 3'29301. 83629301. For construction which has been assesseds Permanent Improvement Revolving Fund $ 29595061 - 1950 Improvement Fund First Series 19056,80 1950 Improvement Fund Second Series 191+11,69 1951 Improvement Fund First Series 299.70 TOTAL $3629301,65 $36796650+8 DEBT SERVICE FUND The amount due from the Permanent Improvement Revolving Fund in the amount of $479O22,5O.is for -the payment of bonds and interest due in 1952 but which had not been transferred in 19510 The liability to'the Per. manet Improvement Revolving Fund in. the amount of $391+O3.46 aripes princi- pally from transfers in prior periods greater than the amount required for bond and interest maturities, The liability is reduced from the amount stated at January 19 19519 by the amount of $69099`for fiscal agents service charges which were paid by the Debt Service Fund but are chargeable to the Permanent Improvements Revolving Fund, _12m WATERWORKS FUND The operations of the fund are shown in detail in a separate s�.'hedu_ie and are summarized as follows s Per Cent to Increase Gross Income 1 �. I9�q Decrease* 1 1 1970 Grose income $439999.88 P4,526.82 526.94* 100.0% 10000% Expensess Pumping $149169.12 $129160.73 $29008.39 32.2% 270 Distribution 109882 :V4 99966046 91.6.28 24.7 22- Admii strative and general 6 1 .82 5.554., 9,1 6 "' 8 8 14.1 12. F[�2 2 16 l . 2 2 OPERATING INCOME 297 x.20 1 N9� 90900 * 29. 370 Other deductions .4�; 06041 4 .45'8.46 152.0 9.8 1000 NET INCOME_ $ 89447-79 $1.293(76020 $3 938.41* 19.2% 2708% Detailed comparisons of the income and expense for the years 1951 and 1950 are given elsewhere in this report. -The principal' reasons for the decrease In net profit was a decline In-water sales due to a wet season9 increase in repairs9 and in provision for depree.iation as a result of new mains coming into use. In view of the increase in number of feet of sewers in use, ,:�cnsideration might be given to increasing the charge to'the sewer rental department for water used for flushing sewers. GARBAGE FUND The following schedule compares the operations of the fund f ar.r the years 195l and 19 50 s Opeia'ting in ome Expensess Colle_^tion service Administrative and general. NET INCOME - LOSS* Per Cent Increase to Income i2lil 1250 Decrease's ' 1251 19L0 $219892.42 $159890.20 069002.22 100.0% 100.0% $189925.00 $159040061 $39884039 86.4% 94.6% 0 2 1 2 1.� 8 56 ,, , �- "2 4. 4 $ 2,016.7o $ 7.20*$2 ,,023.90 9.3% mom% �e1�o Rates were increased from $8000 per year to $9.00 per year fog.,. 1951.. The a ierage number of customers in�,reased. 287. DuY.,I.ng the year, a count of homes being served was made which resulted in collections for prior years of $751.62. The factors making up the increase in operating in.t.�ome are summarized as followsg Increase resulting from increased customers $2 9296.00 In- :r°ease resulting from increased rates 29292.00 Ir.ei,case irk forfeited discounts 172.80 i3illings for prior years 7 1.62 Guzirewt year billings for customers who had nut previously been billed 489.80 TOTAL INCREASE IN GROSS INCOME $69002.22 On March 1, 19519 monthly payments made to the garbage col - l..e.wtor were increased from 62 112¢ to 7e0�t per ;. stomer, The increase in garbage collect.-ion cost may be summarized as follows Increase in number of customers served $29150.00 Increase in rates 18714.39 TOTAL INCREASE IN COLLECTION EXPENSE $35,884.39 It was noted that discontiwaance of service recorded on the Village books is frequently recorded on the collector.,0 s claim a month or more later. Means should,be provided for prompt not.fice.tion to the collector where notice of discontinuance has been filed directly with the Village offices. It is further recommended that a check of the service list9 as was made in 19519 be made perlodically. SEWER RENTAL FUND The operations for the year9 shown on a separate schedule9 ,are summarized as follows,, Per Cent Increase to Billie s i25-1 "i '` DE,i,, �rease* 1 i 12 10- Bill ings $129012.1+0 $109',q- 63.76 $19,T,+8. 64 10000% 100.0% Exper�2, e s s Opef'at'l.rr.g $109122.65 $ 89344.2.8 $19,,7-8.4,7 7 84.3% 79.7% Administrative and gene r e l 0 8 826"J' 1.07 d1 7.8 OPERATING INCOME 11 9 .90 1929:3,14 1 �3;�7. 9 Other income L .00 1 6C .6 Y.. NET INCOME $ 1-903009'0 $ 194.29.39 $ 398.E -9* 8.5% 13.7% ---- - - - - -- ----------- - - - - -- --- - - -__- -___ -® - -_ ®- _14- . 6 -The surplus of the Sewer Rental Fund may be used for payment of a portion- of the Village's liability to the Minneapolis-Saint Paul Sanitary Sewer er District. It might bein order to appropriate such surplus until the aforementioned liability is completely liquidated, It is noted that the cost of maintenance and treatment paid to the Sanitary Distriot was approximately the same as the increase in service charges to users without any recovery for ather in-creased expenses. LIQUOR DISPENSARY FUND The detailed comparative slUatement of income and expense for the zalendar years 1951 and 1950 is shown in a separate schedule and is sum- ma-,-ized as follows Sales Cost of goods sold GROSS PROFIT Operating expenses .. OPERATING INCOME Other deductions NET INCOME 1 r, 9063 ;21 121 561.26 929071637 87 27,1 8 1, 6 9S 4-9195.81 1091, 8 63,lo3.96 l $36 _260.69 28'A 911,19 9 0 2 908.09 3.088.21 $ 4.89351018 7-- 1 Increase Decrease* $ 3-9-77T.-9-4 ig.61+8.07 12 9723. 7 .967.1+7 129°75 .'+0 1.996.18* $11+9752-78 ---------- I . The factors contributing to the increase in net income can be summarized as follows In--rease in gross profit - attributable to-cl, Increase in sales volume $11973+,62 734.62 Inorea,se in gross profit percentage 1.989.25 $159723-87 Less inl�.rease in operating expensess Sala- rLles' 2_923i 85 Depre,,iation 17:49 Selling supplies 99-55 Repairs-and mainteianca 321. 4.9 Auditing :285-00 Suind r , 967.17 — 56— T 3905 .55 Less dersreases Light and power 89008 2.967.1+2 129`'% b, W Decrease in other deductions 14996,38 INCREASE IN NET INCOME .78 $11+9752 ---------- _15- A comparison of total cash balances shows a decrease during the year as followse January 19 1951 $569129.1+ December 319 1951 2-52888.0' DECREASE $109241038 The factors accounting for such decrease are as follows CASH FUNDS DISPOSED OF Payment on property purchase contract $149200000, Payment of bonds payable 2-59000.00 Decrease in trade accounts payable 3+9959.42 Payment of interest 51+70$3 Increase in sundry assets $949744-74 CASH FUNDS PROVIDED Net income Provision for depreciation Decrease in merchandise-inventory Decrease in sundry assets Increase in sundry liabilities NET DECREASE Shortages and overages as ref readings, liquor --,and wine tags over register net inventory shortages is compared with the Shortagess Retail value of Overage -st Cash overages,. Excess of $639103.96 29231013 189616089 319.09 2a222,9 82-9501o36 IN CASH $10922-1038 iected by cash over register readings9 and retail value of two preceding years as follows s i inventory shortages Less tag overages 182 -4 .Shortages Over Overages $287.61:- 1 0 2' -+ $757089 $393017 2322 2 $518.52 ($ 30.25) The quarterly physical inventories were not posted to the perpetual inventory records during the year, hence an accurate summary of the item differences is not practicable. This posting should be required. Apparently the number of differences is less than in the preceding,year. ®16- GENERAL The Village does not have adequate facilities for protecting records and documents against fire. Storage facilities in a locked vault are limiteds and certain records are not placed in locked storage overnight. Con - sideration should be given to placing clerks register. and Liquor Dispensary F ind boroks in such locked storage and to safe dap sll.t box ,for, .deeds and other valuable documents. Payment of fines accruing to Hennepin County and the State of Minnezo'ta have not been made in full to the respective agencies. It was noted that in some cases the clerks register and the ledgers contained identical description in detail. It is suggested that desi�r:iption be limited to the book of original entry. Several claims in the periods selected by us for review lacked signature of the vendor and acknowledgment by a notary9 although the claims were complete and regular in other respects, The security for deposits in the First Edina State Bank was substantially less than the amount of the deposits in that bank. Subsequent to December 319 19519 additional security was provided by the bank sufficient to meet the amounts required. We were informed that the officdal bond required on the Village clerk was in existences but the bond was not produ'ed for our inspect-ion, It was noted that in numerous instant °ese interfund balances were allowed to accumulate9 particularly where the'items were fixed and known, instead of having -checks drawn to clear such items and thereby eliminate interfund balances. -17- COMBINED BALANCE SHEET VILLAGE OF EDINA December 319 1951 Working Assets Total General Capital Poor Park Cashs Current funds Appropriated funds Investmentss U. So Treasury notes Receivables s Taxes and special assessmentss Current Delinquent Deferred Customers Due from rather governmental agencies Due from other funds Less allowance for uncollectible taxes Invento -ies Construction in progress Amount to be provided,for Village share of, cost of Minneapolis -Saint Paul Sanitary District sewage disposal plant Fixed asseWs Prepaid expenses and deferred charges TOTAL ASSETS * Indicates red figure, $ 8639271°97 $1509617.96 $189082.92 *$ 59784°13 $ 69179.23 4.455 00 150.00 7972 097 1509767.9 1 ,0 2;92* 97 .13 9 69179.r3 299000.00 $ 1619011.02 399177041 $ 89685,57 8019888 ,30. 129333•$8 271.11 $ 229-35 $ 545.61 41.41 41,41 76521+16.17 62,107.95 $30,14o.1+8 1,7799 019 6 719064.63 8309-170—.-47 270-76 933. 1 25.011.01 8 68 e 22 06 F19781'21854- 855.156 379-06 U09140.48 1, 1 1 8 88.00 6179624074 33,720013 7569239°96 1679362030 179993.70 19,102.12 $491419487.64.$380,509.32 $329057.56 $59825.54 $249260.93 F u n d s Special Debt Sewer Liquor Assessments Improvement Service Waterworks Garbage Rental Dispensary $ 62090.28 $ 5609337093 $ 39403.46 $ 319636.33 $29258.85 $129358.65 $ 459888.07 4.105 00 $62, 90,25 09337.93 3940-3--.IT6 $ 359941.33 2,25 12058-63 $ 45988 .07. 239000,00 69000.00 $ 329032076 $ 1279992.76 $ 888.30 $ 97.20 6,474,49 239161.34 72.53 8.52 lo8,315.92 4079752,38 $2859820.00 29228.97 $ 8,970.56 522,05 102030 $ 150.89 04 616 47,022 0 1 6 4.40 00 1 , 73o1 8191789035,94 63329642. 0 9,10 .92 1, 7,2 2 3.0 150.89 15.572,50 $15 5 9 87-3 7-16 11,17 ,3-3T 9 317,270,00 S. 9,10 .9`2 $19487 283. 1 0. 49332.68 769885,88 617,624.74 33,720,2,1 5149162,59 93.26 19032.18 559595.93 o 351.11 751.01 $2759483o57 $293559998.61 $3209673.46 $5639893.63 03,839.39 $19,673.85 $1799271.78 -18_ COMBINED BALANCE SHEET VILLAGE OF EDINA December 319 1951 Liabilities, Reserves, Working and Surplus Total General Capital Poor Park Due to other funds $ 76591+36-17,$ 299299.95 $ 59048,79 Accounts payable 339798,62 119669,05 $ 19433.47 $ 163,01 1,8.50,68 Salaries and wages 19170,30 Canoeled assessments refundable 19154.36 Interest payable Water main and sewer connection deposits Construction contracts Minneapolis -Saint Paul Sanitary Sewer District Bonds payable Reserve and allowancess For contingencies For debt service' For uncollected taxes Surplus: Invested in fixed assets Contributed by special assessments Revaluation Appropriated: For imprest cash fund For payment of bonds 339123.99 99693.68 3679665.48 339720.13 19 5019 500.00 34,474.82 2529000,00 129600.00 1869481044 167062,30 3399014,98 369879.24 150,100 150.00 179993.70 and interest 49305,00 Unappropriated 5289319.43 172,028.02 109624,09 5.662.53 632,24* TOTAL LIABILITIES, RESERVES AND SURPLUS $491419487.64 $3809509.32 $129057,56 $59825.54 $249260.93 * Indicates red figure, 1915+,36 39985,00 39665,66 Liquor F u n a s Special Debt Sewer Assessments Improvement Service Waterworks Garbage Rental Dispensary 129600,00 $ 291 +61.16 $ 7189271+m70 $ 39403.46. $ 5,4390.55 $ 731,96 $ 82506o 195.00 19659°47 19 07°71 1,682,80 49732,78 9,o04,6,5 85,92 19084,38 1915+,36 39985,00 39665,66 99693°68 3679665,48 339720°13 1469500,00 9279000,00 349474,82 2529000,00 129600,00 -87 67,e22 $2759483'7 $293559998,67, 241270,00 1,203,33 2939000.00 1359-000,00 93426. 19032,18 3399014,98 36,879,24 49305,00 40, 606 a 90 1,131a37 19 081.29 1-690182-,7 $3209673,46 $5639893,63 $39839,39 $199673,85 $1799271°78 --------- ---- -- = === —19- GENERAL FUND BALANCE SHEET VILLAGE OF EDINA December 319 1951 •------------------------------------ ASSETS Cash - current funds: Demand deposits Working funds Receivables: Due from other fundsg. Construction fund Park Fund Sewer District No, 9 Waterworks Fund Sewer Rental Fund Garbage Fund -1950 Improvement Fund, First Series 1950 Improvement Fund, Second Series Sundry Taxes receivable ® delinquent Less allowance for unrealized revenue Fixed assets $15o,617.96 150.00 $1509767-96 $509000.00 49 9480 79 29 461,16 39274021 , 6620 l0 662-.10 97-59 2.00 $ 629107-95 271011 $ 8, 685-57 8, 6850 57 LIABILITIES Due to other, funds: Working Capital Fund Water Fund Sewer Rental Fund Special Assessments Funds Accounts payable: FiremenIs Relief Association Trade Municipal Court fines due county and state Appropriated surplus: Ingested infixed assets For imprest cash Surplus - unappropriated $ 28,94o.)+8 62,379.o6 -om 1674 3620 30 $3809509032 2.00 75-00 282 $ 299 299.95 $ 39269090 89 0240 65 - 3740 5o 11,669.o5 $1679362030 15o0 oo 1679512 30 .172,o28:02 $3809509-32 GENERAL FUND STATEMENT OF SURPLUS - UNAPPROPRIATED VILLAGE OF EDINA Year ended December 319 1951 BalanMe.at January 19 1951 $1499972.95 Additio ns s Cash receipts $3109905002 Less non - revenue receiptss Collet: tins for-Fire Relief Associations Tax settlements $ 617,68 Insurance premiums tax 2,,1+ 1.11 39068.99 Collection on loan to Park Fund 1'500,00 Collection of interest on securities owned by other funds 35701-7 Payment 'by Permanent Improvements Re,, ,-olving Fund on account Novembers 19509 tax settlement /.29299942 6-79832949 0 89 $235 9 846-t45 Increase in sundry re.ceivabless Balance December 319 1951 $ 271911 Balance December 319 1950 $194,93 Less transferred to 1950 Improvement Funds First Series 9.5 97074 173077 Accrual for engineering and clerical services charged other fundss Permanent Improvements Revolving Fund $169904930 Waterworks Fund 19324,21 Seger Rental Fund 662.10 Garbage Fund 662,910 199552.71 Accrual for street opening fees collected by Waterworks Fund 694900 Collections by other funds fors Permanent Improvements Revolving Fund. $ 638000 1950 Improvements Fund 2900 640000 2 6,207,1 U s 0,0 Dex "uct�. +:: =ris s Cash d .sbursements $19699`f; 9.7 Less el minaLionss Paid to Park Fund $ 190009e00 Spe3ial assessments on Palk Fund lands. 1489/9 — 1,448.72 19 , 9 •9 . Equipment rental accrued at December 3192951 279376087 Payments made by other funds for the GeneT -al Funds Permanent Improvements Revolving Fund: For land improvements $29539080 For street repairs and • projects abandoned 1,327976 $ 39867956 Water-works s -Fund 2.00 3 9 869 9 -56 - Acounts payable accrued at Dec 1 ember 319 19 89024965 Inc:reaSz in fines due to county and states De :ember ,319 1951 $ 374.50 Dec-,ember 319 1950 2 -90950 849o0 2346852006 Balance at December 319 1951 $172 9828 • 02 -21- GENERAL FUND ANALYSIS OF CHANGES IN CASH BALANCES VILLAGE OY EDINA Year ended December 319 1951 Ba3an.(?,e at January 19 1951 Re,cte.i.pt s Di sb'ur cement s `Ira.nsfers s From Permanent Improvements in settlement of inter.fund Less advance to constructio $ 259665043 310,205.02 13369570-43 126221+507 $1399624.68 Revolving Fund. account $609993.28 n Fund LOSOOORCO 10R991e28 Balance at December 319 1951 $1509617.96 -22- GENERAL FUND COMPARATIVE RECEIPTS VILLAGE OF EDINA Years ended December 31, 1951, and 1950 Increase 1951 1950 Decrease* ---------------------------------------------------------------------------------------- November tax settlement of previous year received in current yearn Accrued -for books Add adjustment Tax .settlements - March and June, 19509 March, June, and November, 1951: Real and personal taxes: General Firemen's Relief Association ` Forfeited tax sale apportionment Interest and penalties Mortgage registry Gross earnings tax Licenses and permits: Plumbing: Licenses Permits Building Sewer Cesspool Bicycle Beer Bowling alleys Cigarette Food Liquor Pinball Taxi cab Theatre Sign Dog Miscellaneous Muni -ipal Court: Fines and forfeits Bail deposit - prior year Rentals $ 674832.49 0- 1, 2 $1183751.27 617.68 112.21 87o. o!- 29855.56 2.19 22 183,325.9 $ 19155.00 2,874.55 9,302.':-0 19382.5fl 402.00 171.50 4q o. 00 320.00 288,00 2014. 00 200,00 300,00 60,00 75,00 151.08 466.75 4.00 $2 .7 $ 179144-7.16 lf4- 7.1 300.00 $ 56,046.94 -71* 9 046.23 $113+9137.55 357.86 90.61 456.34 786.59 oo_ $1159828:-q3 $ 1,139.00 3,106.75 10,073.40 1, 34.1.00 496.00 271.55 410.00 160.00 312.00 198.00 200.00 200.00 60.00 7 5.00 145.81 490.00 b oo 8 1896b6.51 $ 149965.25 50.00 159015.-27 320.00 $11,785.55 .21 W-111766.26 $63+9613.72 259.82 21.6o 413.70 2,068.97 119.22 79497-03 $ 16.00 232.20* 771.00* 3+1.50. 94.00* 100.05* 60.00 160.00 24.00* 6.00 _0_ 100.00 -0- _05.27 2�. �5* 00* 9.73* $ 29481.91 0 00* 29431-91 20.00* -21- GENERAL FUND COMPARATIVE RECEIPTS (Cone °d) Revervae from State of Minnesota: Insur,anc.e premiums tax Liquor tax apportionment Cigarette tax apportionment Departmental fees and service chargess E1e�tion filing fees Engineering and clerical servicess Permanent Improvement Funds Waterworks Fund Sewer Garbage Street repair after local improvement construction Street repair after gas' installation Colleetions on accounts receivable atcrued at December 319 19503 Park Fund Permanent Improvement Revolving Fund Independent School District No. 17. Other Transfer of surplus cashs Sewer District No. 3 do 4 do 5 do 6 Other s Special Sale of Sale of Interes' Sundry Sale of assessment searches maps junk and sundry L on investments Grange Hall land TOTAL Increase 1951 1950 Decrease* $ 294,51. 1 99009,12 7.4-29.4.0 18-9890-53 $ 6000 29299.42 -o- -0- moo 280,00 To" _72-9-38T. 42 $ 19500.00 -o= -0- 62 -o- oo_ $ 294.00 61.50 114,00 3 57.47 .307035 om $310'905.02 $ 1956o.61 59916055 139270.61 $ 890°70 39096.27 59619.92 $ 9.00 $ 3,00* 109626.91+ 19200,00 600,00 600,00 mom 1+' 2 , 0 S 1.79 7 "7 000 $ 1.9 500,00 49461,60 19017.28 11.50 79012.3 $ 29581-72 614,31 19460.92 1.604.66 96°71 $ 267,00 26.50 63.30 ®O® 131,54 00.00 288 $2519217.82 89327,52* 19200,00* 600,00* 600,00* 280,00 4 2.00* 8159202.T2* $ 49461.60* 1901Q7Q.Q28* 20.04 9450.04* $ 29581.72* 614.31* 19460092* 1 6o'+.66* 92 1. l* $ 27,00 00 50.70 357.1+7 175.81 500.00* 1 $ 599687.20 -21,'- ,y GENERAL FUND •COMPARATIVE DISBURSEMENTS VILLAGE OF EDINA Years ended December 319 1951, and 1950 General governments Mayor and trusteess: Salariess Mayor Trustees Publishing ordinances and notices Supplies -Other Municipal Courts Salariess Municipal judge Special judge Clerk of Court Assistant Village Attorney Fines transmitted to state Supplies Board of prisoners Other Electionss Salaries ® judges and clerks Supplies Village labor Other Treasurers Salary Premium Assessors Salariess Assessor Deputy assessors Supplies Mileage Attorneys Salary Fees and expenses Other Increase 1951 1950 Decrease* $ 96o. oo 29160,00 215035 1.50 141.58 39478.43 $ 750-00 720.00 19073.61+ 613.56 10,00 203.75 1+66o, 50 E 26 39914-71 $ '7570 55 102013 183.28 , 9�.h1 19136.47 $ 600.00 6. e � $ 19700000 29767-00 294.00 9945.40 $ 19213.50 19 27.9 0 5b+ 0 ®� 29+3300 $ 960000 29160000 286083 65.60 64.91 3953703 $ 900000 275000 21+501+0 357090 90.00 237020 110,52 '1.29 29247.31 19811+028 208.81 376.1+3 1=4. 97 29544049 $ 600. oo 62 .2 $ 19000000 29176.6o 08,00 V-79439.60 $ 19200000 19550.00 1 T-29769-37 -ao ®o_ 71.48* 6)+.lo* 76.67 .91* 150000* x1+5.00 728,21+ 355.66 80.00* 33.1+5* 349.98 71.97 19667.40 $ 1'lo6.68* 193.15* 51.1+6 * 19408002* $ mom vov $ 700.00 188.00* 117+. 00 5057-0- . 0 $ 13.50 330.1+6* 12.3.Z* 336-33* -25- GENERAL FUND COMPARATIVE DISBURSEMENTS (Cont'd) General government (Coat'd)s Clerks Salary Cleric.al s Deputy Clerical salaries Supplies Postage Maintenance of equipment Other Village hall: Janitor Supplies servi Light and p Water Telephone Fuel Insurance Maintenance service 0 L. . o'er of building and grounds Planning Commissions Consultant fees Other Dues TOTAL GENERAL GOVERNMENT Publi.,; safetys Police protections Salaries Suppli e's Police radio service Drunkometer tests Other Fire protections Salaries Supplies Insurance Power for siren Telephone Fire school and convention Other Transmitted to Edina Firemen's Relief Association Increase 1951 1950 Decrease* $ 960,00 $ 96o0oo $ _o- 39788036 10,823,00 19471067 387022 132025 27.19 11-9589.69 $ 657°72 60,90 498.55 62008 549 0 54 .369,00 5 +e/3 57 'A „217 2997400 $ 1,853 -34 'A.190 n $ 1985702+ 169000 4029 $ 29,y9�80.61 `i"77- 73 700000 150,00 20.52 31,3280 $ 196/3028 22024 145,00 17.00 160030 243,00 134,34 _om 296057.17 39926071 10,596°99 1426° 59 65018 11026 1794210 $ 334.71 69077 52035 4$4094 8593 443.93 33317 17091 74o06o 29563-31 $ 621.51 6 $ 621.-51 1'79.00 369979° $ 249518050 533-58 700000 120000 67.40 9 2 5 9939077 $ 19728,60 145.00 12000 240000 269060 23022 13835* 226001 83,26* loo,63 6�soo7* 168-03 $ 313056 .87°95 80 55 13061 23085* lo5e61 3583 36082 167. ,Ai* 1007 $ 14231083 1,20 19235.73 10000* 8 29174.45 $ .59462011 55085* _o_ �36088* 59389.38 * 550 2 159.61* ®5000 79.70* 26.60* 111012 2 l04 81 2.104.81* V-;-99-17.0. 6 29309,92* �t. GENERAL FUND_ COMPARATIVE DISBURSEMENTS (Cont'd) Public safety (Coat' d) s Inspe1.,•tion services: Salaries-. Building inspector Plumbing inspector Supplies and other expense TOTAL PUBLIC SAFETY Highwayss Village engineers Salariess Village engineer Assistant engineers Surveying services Supplies Other Street lights and traffic signals Street commissioner e salary Labor Materials and supplies San:ita t Weed Labor Supplies Rental of Other Rubbish d i s Labor Maintenance Labor Supplies Outside e Care and TOTAL SANIT - Increase 1951 1950 Decrease* $ 3,376.77 39376.77 210.0, 409897 9 $ 6,4o5.50 12,372.36 8.28 807,899 23.48 11,627.0 4,252.1 16,481.79 12,390.34 Street signs 19415.25 Outside equipment rental and labor 59260.30 Sand.1 -mg and snow removals Ia. ?nor° 89580-71 Material and supplies 800.36 Outside equipment and labor 545.50 other 86.50 Village, share -of joint street maintenance 1,200.04 86.12 29 3e 3 reimbursed to City of Minneapolis Miscellaneous TOTAL HIGHWAYS ion and waste removals eradicatior_s equipment posals of storm sewers: quipment and labor disposal of animals ATION AND WASTE REMOVAL $ 9$2.05�qq 195 :40 77.00 _om -0- 830-30 570.07 207.14 °om .. 2,861.-g-6 29505-30 3916 . 6 5 2 .11 379179.67 $ 5; 594.50 5,698.08 1'427.31 51.16 10,243.09 39656.85 12,922.67 10,511.67 1,174.13 _a_ 79079009 830.02 _o_ 150 01 ®o® 1.02o.87 09791.9 $ 867.37 297.90 176.90 15.00 67-51 1,3622.63 178.26 -o- 162.88 3,12 .•+ $ 871.}+7 276,09* 41 08 3,717.92 $ 811.00 6,674.28 19559.22* 380.58 27.68* 1,383.9'+ 595-33 39559.12 1,878.67 241.12 5,26o.30 19529066* 545.50 71.49 19200.04* U229051.68 $ 114.68 102.50* 99.90* 15.00* 67.51* 532 J3* 391. 1 207.14 1620-8-8.* e 2 +9 * m27® GENERAL FUND COMPARATIVE DISBURSEMENTS (Cont'd) Unallocated expenses Village share of public employees' retirment • Workmen's compensation insurance Audit Equipment rental: Working capital - portion of current year's charge Other TOTAL UNALLOCATED EXPENSES Contingency: Storm damage Tree trimming: Labor Other TOTAL TREE TRIMMING Capital outlay:. Buildings. Furniture and fixtures Highway Police Fire department Election equipment Miscellaneous TOTAL CAPITAL OUTLAY Reimbursable expendituress Loan to Permanent Improvement Revolving Fund Services for contractors SeQr.�vides for liquor store, Sundry Special assessments on Park property TOTAL REIMBURSABLE EXPENDITURES Increase 1951 1950 Decrease* $ 29166°35 19000.00 29880.00 -0- 101. 1 914 .06 19572.30 388.777 960.13 29491.93 698.86 99851.90 19014.21 49078.45 132.00 1.910.65 209175.00 $ ®om 96.11 6.50 y �2, 4.83 448.79 76.23 Prior years expenses and encumbrances: Due to other funds at December 319 1950: Working Capital Fund $ -o- Park Fund 19000,00 Permanent Improvement Revolving Fund -o- Waterworks Fund o- 19000.00 Death claim -o- Auditing fees for year 1948 ®em TOTAL PRIOR YEARS EXPENSE AND ENCLMBRANMS 8 191000 Salary of health officer 364.41 Civilian Defense 389.17 TOTAL $1969945,77 19035.13 29220.00 209791.79 400 2 93 7.31 -o- 743.57 90.39 33.9 $ 19713.28 677.78 89497.27 793.85 342.77 mom 1.129.75 139354-70 $ 479880.00 16.20 8 .92 -o® 912 . $ 399709.43 58.95 19759.35 . V+. 6o $ 419562.33 39500-00 1.111.97 917.30 360.00 -o- $273,317.03 $ 29166-35 35.13* 66o.00 209791079* 218.68* $189239.25* 19572.30 364.80* 40 12 .17 VY 778.65 21.08 19354.63 220.36 39735.68 132;00 580090 9823.30 $479880.00* 20.62* 36.70* 60.09* 448.79 9 548.62 * $399709.43* 941.05 1'714060* $409562.33* 39500.00* 1.111.97* $479176 0* 4..�1 189.17 $769371.26* -28- GENERAL FUNS MUNICIPAL COURT FINES - CCOUW."Y AND STATE -OASES VILLAGE OF EDINA Year ended December 319 19' -------------------------------------------------------------------- County State Total Balare-,e pa.yable January 19 1951 $28+.00 $ 6.50 $290.50 Fines . ollected 10.00 84.00 94.00 $294,05 UO. 50 3 84. O Transmitted to county and state 10.00 10.00 Balance payable December. 319 1951, $284,00 $90.50 $374.50 4 .. _2.9s TOTAL $11+39252..13 $279779.8;2 $39032.50369702.15 $1679362-30 = -------- = - ---------- --------- --------- ----------- _10. GENERAL FUND FIXED ASSETS VILLAGE OF EDINA Year ended December 319 1951 Additions Deductions Balance Balance January Trade-in Cost of December 19 1951 Expenditures Allowance Trade-ins 319 195*1 --------------- Land $ 69471.00 $ 691+71-00 Land improvements -0- 29 -822.00 29822.00 Buildings 239131.23 281+91093. 259623.16 Fumniture and fixtures 59851.61 19113:61 132.50 256.40 6981+1.32 Equipmenl,'Gg Highways 739768.61+ 11+9216.97 29100.00 59002.00 859083.61 Police 59491.45 19014:21 800.00 19443.75 5.861.91 Fire 259977087 1+9078045 309056.32 Election 930-58 132.00 19062.58 Miscellaneous 1.629.75 .1.91 ®.65 21o. 6"' 1.540.1+0 TOTAL $11+39252..13 $279779.8;2 $39032.50369702.15 $1679362-30 = -------- = - ---------- --------- --------- ----------- _10. ' WORKING CAPITAL FUND BALANCE SHEET VILLAGE OF EDINA ---------------------------=---------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- December. 319 1951 ASSETS Case ;mrrent funds . � $189082,92* Due. from other funds o Gen.a. -al Ftn.d. $289940048 Pamx Fund 100.00. Wate:vworks Fund 19000000 Sewer Renal Fund 1000 00 109140.1+8 $129057°56 LIABILITIES Ac:co r s payable $ 19433.47 SGzpTu.s'- (balance at 'January- 19 19519 • and Deceniber^ 31, 1951) 10.621+., $129057.56 ' In3 9.,- .,ates red figure. -31- WORKING CAPITAL FUND COMPARATIVE STATEMENT OF INCOME AND EXPENSE VILLAGE OF EDINA Years ,ended December_ 31,, 19519 and 1950 Increase 1951 1950 Decrease* Incomes Charged to other funds: General Fund Waterworks Fund Park Fund Sewer Rental Fund Refunds and rentals from others TOTAL INCOME Expenses: Gas and oil Repairs and.replacements Village labor Tires and .tubes Insurance Fuel Supplies Power and light Telephone Sundry Replacement of doors TOTAL EXPENSES NET INCOME $27,376.87 1,000.00 100.00 100.00 76.7 -o- 2,7,-7 $ 79350-79 7,086.87 6,802.04 .3,116..54 19618.75 1,021.15 900.25. 316.66 186.00 177.82 -o- 2 8. 5-77.7U $ -o-. $22,355.40 19000.00 100.00 100000 23, 0 140.25 $23,695.65 $ 5,543.64 5,484.18 6:,396.23 1,738.20 1,607.80 851.90 325.11 31p6.11 107.40 103.08 1.142.00 2 $ -o- $5,021.4 -o- -o- o- 85j,02l'. 7 140.2 * 1.22 $1,807.15 1,602..69 405.81 1'310.95 169.25 575.14 1.40* 74.74 1.1)+2,.00* $43881.22 $ -o- -32- WORKING CAPITAL FUND ANALYSIS OF CHANGES IN CASH BALANCES VILLAGE OF EDINA Year ended December 319 1951 Balance at January 1, 1951 $ 9,o6o.1+8 Dedum ,ion8 s Expenves - from income and expense statement $289576087 Lass accounts payable at December 31, 1951 272141.40 Ba1� le a .De4 ember 319 1951 $18,082.92* wes red figure. 033® POOR FUND BALANCE SHEET VILLAGE OF EDINA December 319 1951 _ ------------------------------------------------ -----------=----------------------------------- -------------------------------------------------------------------------------------------------- ASSETS Cash e k- ,anent funds $59784°13 Receivables s Relief grant - State of Minnesota. 41aLt -1 Delinquent tares $229.35 Less allowance for unrealized revenue 22 -o- � $59825054. LIABILITIES kc-counts payable $ 163°01 Surplus p umppropriated 58,662, 53 w POOR FUND STATEMENT OF SURPLUS_ UNAPPROPRIATED VILLAGE OF EDINA Year ended December 'I9 1951 -------------------------------------------------------------------------------------------------- Balances at January 19 1951 $19211.35 Addy -lv:a.or s - reverrae receipts and accruals s Tax set lemenws collected $69038.36 Relief grants - State of Minnesota 111.50 Reimb a cement from recipient 55.0' In - erest on investments 3 .lO 6.207.9 6 79 19°31 Deductions - disbursements and accruals8 Sub,u:. ,.,ban Hennepin. County Relief Boards Relief orders $191+15.62 Administration 141.16 19756.78 Balance at December 319 1951 $59662.53 POOR FUND ANALYSIS OF CHANGES IN CASH BALANCES VILLAGE OF EDINA Year ended December 319 1971 Balance at January 19 1951 Receipts° Sale of investments Tax settlements receiveds November, 19509 accrual March, 1951 June q 1951 November, 1951 Relief grants ® State of Minnesota Reimbursements from recipients Interest on investments $ 249040* $29000000 $ 2.56 544,38 39279.09 23,214,89 - 69040,92 156021 550 00 1.10, 892 2 $89005-83 fJ Disbursementss Payments to Suburban Hennepin County Relief Board: Relief orders $19849026 Administration 368,44 Medical 4000 22221,70 Balance at December 31, 1951 $59784,13 * Indicates red figure, -36- PARK FUND BALANCE SHEET VILLAGE OF EDINA December 319 1951 ASSETS Cash m current funds Receivabless Taxes receivable - delinquent Les8 allowance for unrealized revenue Accounts receivable Fixed assets Due to ether fundss Working Capital Fund General Fund Accounts payable: Unexpended contributions for specific purposess Cascade pumping contribution Dwight Williams Memorial Park Sundry Surpluss Invested in fixed assets Deficit o current fund * Indi.,t•ates red figure. LIABILITIES $ 51+5.61 545.6l $ -o- 88.00 88.00 179993.70 $21+9260.93 $ 100000 4+9,94+8-,79 $ 5904+8.79 $791.73 58.95 $ 85o.68 10000000 1985o.68 179993070 632.24+* $21+926o.93 -37- PARK FUND DEFICIT - CURRENT FUND VILLAGE OF EDINA Year ended December 319 1951 Balance at January 19 1951 Addit:i.ons s Tax settlements received: .March, 1951 June, 1951 November, 1951 Accrual of Morningside swimming registration .Sw mming registrations Dedu~a ,ions s Disbursements fors Swimming Baseball Skating rinks IP Parks and general' Capital outlay Accrualss Swimming Parks and general Capital outlay * Indicates red figure, $ 29940.23* $19207.54. 69616,62 4.461,o9 $12,285.25 88.00 569x00 12 42.2 109002.02 $19389,41 519097 49824027 29274.46 77.36 $ 99085047 $19000.00 100,00 448.79 1.548.79 lo96 -i4.26 Balance at December 319 1951 $ 632.24* W. PARK FUND ANALYSIS OF CHANGES IN CASH BALANCES VILLAGE OF EDINA Year ended December 31, 1951 Balance at January 19 1951 Receipts -s Tax settlements: November, 1950 March, 1951 June , 1951 November, 1951 Swimming registrations Colle:,, =lions of amount due:from other funds Cascade pumping contributions Disbursements: Swimming Baseball Skating rinks. Parks and general. Capital outlay Payments of liabilities incurred in prior year Accounts payable * Indicates red figure: $ 19545,76* $4,0.04 :54 1,207:54 6,616 :62 - 4.461 :o9 $169289079 569: oo 1,000 :00 580 :00 18.1+18.72 8169893,03 $ 1,389 :41 519097 49824 :27 2,274046 77 :36 1,500 :00 128 :33 10,713 :80 Balance at December 319 1951 .$ 69179023 M IV PARK FUND COMPARATIVE DISBURSEMENTS VILLAIGE OF EDINA Years ended December 319 1951, and 1950 Sw':Y.mmirig s Instru,,�?tors Bath house attendant Bus rental S-imdry Baseballs Coaches Umpires Batsq balls, etc. Bus drivers S ,�.d: y Skating rinksg Labor Salary of attendants Power and light Lumbar Fencing Signs Paint Sundt' y Parks and general. Labor Water Cascade pumping. Park Fund shape From contribution account Eck -', pmeayt rental - current year Flower planting Summer recreation director Sundz,yT Less amount charged to contribution a v .count Capital outlays Ice planer Staking house - -lumber and material Sund ,y Payment of liabilities incurred in prior years Equipment ' rental Annual installment on loans from General Fund Accounts payable * Indic.ates'red figureo TOTAL - Increase 1951 1950 Decrease* $ 19 o650 oo 76.50 . -om 24. 1 T-1-9389. 1 $ 349.00 40, 00 20.40 80 ®00 X0.57 519°97 $ 29261,87 292670 +9 193,72 76.29 -om -o- 24090 9824,27 $ 1938700' 50.00 -om -0- -C".- 102015 700000 35.27 2 9 27 ®o® 29274.46 -o- 6 7703 $ -o= 19 5-.00 o 00 1 12 _._ $109713,8o $ i,o98.o0 89.25 19000,00 259.22 29446.47 $ 286,90 40,00 68.95 75.00 5i . 04 22.99 $ 29398055 29i56. �9 3.0,51 83.70 59o92 2g4Q.25 - -70.71 5,613017 $ 19023,04 50,00 250000 451.70 100,00 118.80 500,00 31.21 29524.7 1+51.70 X073.05 $ 69.20 3-88.18 69.70 2700 $ 33000 *' 12075* 19000,00* 11.11* 19057,0 * $ 63,00 -0- 48.55* 22;40* 3.02* $ 136.68* 233075* 37043. 234,22* 83.70* . 59092* 24.25* 81* 788.90* $ 364.00 °o- .. 250000* 451.70 *. 100,00 *. 16.65*,: 200,00 1+,o6 250.29* 1+51.70 201.41 $ 69.20* 388018* 7.66 9072* $ 100,00 $ 100600* 19500,00 -o- 1, -00,00 $129782076 -0- 12 823.a 2 $29068.96* -40m a PARK FUND FIXED ASSETS VILLAGE OF EDINA Year ended December 319 1951 ------------------------------------------------ - - - - -- -- Balance Balance January Additions December 19 1951 Expenditures 319 1951 ---- ��------- ���------------ T- _�------ ------- - - --------------- ---------- - - - - -- Parks $159820.70 $159820070 Skating rinks 1967+6.85 1967+6085 Land improvements -o® 26,1 526.15 $1797+67055 $526.15 $179993°70 SPECIAL ASSESSMENT FUNDS COMBINED BALANCE SHEET VILLAGE OF EDINA December 31, 1951 Street Sewer Combined Districts ASSETS Cash $ 62,890.28 $ 439776.22 Investments - U. S. Government securities - at cost 239000.00 18,000.00 Special assessments receivable - current and delinquent: Certified in 1951 - collectible in 1952 Delinquent Special assessments receivable - deferred Taxes receivable - delinquent' Due from General Fund Due from 1950 Improvement Funds Due from Waterworks Fund Amounts to be provided for future payments.on Village share of Minneapolis - Saint Paul Sanitary District sewage disposal plant TOTAL ASSETS LIABILITIES Canceled assessments refundable Due to General Accounts payable Interest payable in 1952 Bonds payable Payable to City of Minneapolis for Village share of sewage disposal plant Surplus - unappropriatgd TOTAL LIABILITIES $ 32,032.76 6.456.60 38,489.36 1o8,315.92 17.89 282.47 8,103.38 664.14 $ 20:378.ol .H2 , 505'.95 661843. .880 144 214.66 8,103°38 Water. Improvement Mains No. 1 $17,090.04 5,000.00 $ 99599.13 1 2 2 $109832.45 32,761.97 3.05 67.81 664.14 $ 2,024.02 $ 21055-62 2,150. 9 8,710.15 33.720.13 -33,720.13 $2759483.57 $1967178.98 $667419.46 $129885.13 ______-___-______ _______________________________ $ 1,154.36 2,461.16 3 185.00 149;500.00 J37,467-92 ,720-13 $275,483.57 $ 1,020.15 2,461.16 3,241.50 92,000.00 33,720.13 63,736.04 $196,178.98 $ 134.21 195.00 589.50 42,500.00 23 3000.75 $66,419.46 - 154.00 12,000.00 731.13 $12,885.13 -42- ^ SPECIAL ASSESSMENT FUNDS BALANCE SHEET - SEWER DISTRICT FUND VILLAGE OF EDINA. December 319 1951 Total Joint,N6,1 No, 4 No, 5 Noe 7 No. 8 ASSETS: Cash 439776,22 $ 59340.57 $9050 $113e71 $29415.94 $ 69949,17 Inver tments - -Ua. 3 Goverment securities o at cost 189000000 1190000,00 Special. assessments .,receivable - current and delinquent 8 Certified in 1951 collectible in 19 209378,;01 Delinquent 5 11+� 916.62 S 259 520, 79 $ 916.62:$ -0- -0- Special assessments receivable - de- ferred Due from 1950 tm- provement Fund Due from Generall Fund Amount to be prom prided for future payments on Village share of Minneapolis= Saint Paul Sanitory District sewage disposal plant TOTAL ASSETS 669843,80 89103,38 214,66 89103,38 147.57 29000oOO 104 6 19045,69 2 5, 00 332720a1 33,7200,1 $1969178,98 $5992280727 $9,50 $113o7l $29415.94 $109019,.86 _ -_- ---------- - _-- - -_ -_- L.T,ABILITIES' Due to General - -Fund- $ 29461,16 Cancelled assessments refundable - 19020015 - $ 25.47 S 15o56 $ 637,11 Interest payable . 11 .in 19 52 3 9 2410 50 Bonds payable 929000000 Payable to .City of Minneapolis for Village share of- sewage disposal, plant 3397200,13 $3397200,13 Surplus •� unappropriated 6191716A04 250 508A14 . 9A0 HHA2� �s400 A 38 9g18� 2 ®75 TOTAL LTABILI'Ttte $1969178,98 $599228 -27 $9050 $113071 $29415.94 $lo9o19s86 ------------ __---- - - Noe 9 No, 12 .No, 13 No, 15 No, 16 No, 18 No..l9 No, 20 $39617,35 $ 49391,21 $ 89098.78 $ 29000,00 79163,71 $29957,68 $19261,61 $ 517,20 $ 939°79 3,000.00 89346,66 219744.47 239557,90 4,321,53 29726,65 29562,14 31584.45, 251.00 17,109 $4,747,' +1 $1.59355 -�03 $4. 09174. -18 $419292078 $8,792033 $49795,89 $39745,50 $59488,58 --- - - - - -- ---- - - - - -- = = = - - - - -- ---- - - - - -- --- - - - - -- --- - - - - -- --- - - - - -- --- - - - - -- $29461,,16 - 315,78 $ 26,23 $ 191.25 19220,.00 $ 19260,00 $ 240,.00 $ 49.00 $ 112050 $ 168075 99000,00 329000,00 33,000,00 6,5oo.00. 49000,00 39000,00 49500000 1,9970047 62163a78 6572709 .7.30 9,78 2805223 /46007 .6n,00 819083 $49747.41. $159355,03 $409174.18 $419292078 $819792,33 $49795089 $39745050 $59488.58 -43 $ 2,608,30 $ 6,817,.00 $ 7,36o.33 $1,350.64 $ 643,52 $ 666,16 $ 932,06 $1.2-30.06 19130.0 8,86 111+88.93 1 . 162,.48 7, 19 513.12 161+111 8 807.63 2028 6 6767-17 3 964-34 2, 17,1 930 ,93 ,0 89346,66 219744.47 239557,90 4,321,53 29726,65 29562,14 31584.45, 251.00 17,109 $4,747,' +1 $1.59355 -�03 $4. 09174. -18 $419292078 $8,792033 $49795,89 $39745,50 $59488,58 --- - - - - -- ---- - - - - -- = = = - - - - -- ---- - - - - -- --- - - - - -- --- - - - - -- --- - - - - -- --- - - - - -- $29461,,16 - 315,78 $ 26,23 $ 191.25 19220,.00 $ 19260,00 $ 240,.00 $ 49.00 $ 112050 $ 168075 99000,00 329000,00 33,000,00 6,5oo.00. 49000,00 39000,00 49500000 1,9970047 62163a78 6572709 .7.30 9,78 2805223 /46007 .6n,00 819083 $49747.41. $159355,03 $409174.18 $419292078 $819792,33 $49795089 $39745050 $59488.58 -43 J SPECIAL ASSESSMENT FUNDS BALANCE SHEET - WATER. MAIN FUNDS VILLAGE OF EDINA December 31, 1951 Total No. 1 No. 2 No. 3 No. 4 Noe 5 Nos. 7 and 8 No. 9 No. 10 ASSETS Cash Investments - U. S. Government securities - at cost Special assessments receivable - current and delinquents Certified in 1951 - Collectible in 1952 Delinquent Special assessments receivable - deferred Due from Waterworks Fund Due from General Fund TOTAL ASSETS LIABILITIES Cancelled assessments refundable Accounts payable Interest payable in 1952 Bonds payable Surplue - unappropriated TOTAL LIABILITIES *Indicate red figure. $17,090-04 $1 753.03* $ 54.65 $ 3095.26 $29495-74 $ 59 061.92 $ 59114.35 $1,43,7.22 $ 683.93 59 000.00 5, 000.00 99599-13 1.236.37 $10,835-50 32, 761.97 664.14 67.81 $669419.46 $; 134.21 195.00 589.50 42, 500.00 23, 000.75 $669419.46 1 .14 13.1 19,603-34 126.00 It 729.3 29150.79 2.2 $72,153-04 29 763.09 , 67.81 5,13o.48 6, 66o.'12 664.14 89 841.88 $39 314.78 $67.79 $109855.08 $119973-94, $_179,422.64 ________ _______ $ 63.85 $70.36 30.00 29000,00 19 22C 93 $39314078 $ 87.50 $ 91.00 79000-00 79000-00 2.57* 3976Z,,58 4.882.04 $67.79 $l 8 55.08 $li, 973.04 $ 195.00 117.00 9 v 00Q. 00 8.110, 64 $179422.64 1' 241 o 66 673.90 550-34 W-97999. 3 S 671-95 S-7648-01 ?9 421.21 29 591.88 $149 6340 79 $ 154.00 12, 000.00 2.480.79 $149634-79 $1+9703-00 6 6o. oo 39000-00 1.643.00 $1+9703.00 2,116.4o r $39448.34 $ ' 50.-00 2,500.00 898.34 $39448.34 -44- SPECIAL ASSESSMENT FUNDS STATEMENT OF SURPLUS VILLAGE OF EDINA Year ended December 31, 1951 25.00 A d d i t i o n s 25.00 Interest Assess - Balance Interest on on ments January Special Assessments Invest- over 19 1951 Certified Collected ments Collected SEWER DISTRICTS Joint Sewer District No.l 4 5 7 8 12 15 16 18 19 20 TOTAL SEWER DISTRICTS WATER MAINS 2 5 7 and 8 9 10 TOTAL WATER MAINS STREET IMPROVEMENT No. 1 $28,145.83 9.50 87.16 2939335 9y373.50 1,951.65 69293.86 69844.70 2;085.42 698.00 593.51 •. 0 3659975-63 $ 19118.24 • 49* 3953.3.49 4963.25 73872.29 2,263.59 1,550.13 821.96 219322. 574 $87,873.o4 $ 521.66 N62.55 9 71.91 270.17 98.13 1.5 _. 72 213. 9093.13 $ 421022 29.89 552.62 373.20 155.50 127.00 ,19 9T+3- 313.46 $6,366.02 $147057 $ 1.08 7.03 Note A- Waterworks share of special assessments Water Main No. 4 B- The composition of interest on investments is as follows: Collected by Special - Assessment Fund. $ 58.45 Due from General Fund. 282.47 $340.92 *Indicates red figure. 25.00 27.07 $13.45 25.00 48.47 513.45 • 273.11 .11 $ 67.81 $84.38 $ 3 °62 12.43 3.48 19. 3 7. 1 77+.3 -o- -o- -0- $32.98 $340.92 $92.49 Note A- Waterworks share of special assessments Water Main No. 4 B- The composition of interest on investments is as follows: Collected by Special - Assessment Fund. $ 58.45 Due from General Fund. 282.47 $340.92 *Indicates red figure. D e d u c t i o n s Cancella- Install - tions and Inte.-est Bank ments on Balance Adjust- Payable Accrual Service Disposal December Other Total ments 1952 19.51 Charges Plant Total 31, 1951 -------------------------=------------------------------------------------=---------------- ------------------------------------------------------------------------------------------- $ 147.57 $117-92 $2,667.34 $2,785.26 $25,508..14 �. -0- 9.50 1.o8 -0- 88.24 - 7.03 mo- 29400-38 25.00 $15.75 15.75 99382.75 27.07 8.25 8.25 11970.47 1A21.66 455.99 $ 191.25 4.50 651.74 61163.78 1.00 85.32 19220.00 12.43 1017-075 61927.95 19520.38 19260.00 11.25 19271.25 79032.78 270.17 24o.00 3.26 243.26 2,052.33 98.13 49.00 .24 49.24 746.89 15 .72 112.50 1.73 114.23 613.00 21 .99 168.7 1-2-1 170.66 819.8j, .8' -o- $49387-80 9.23 $3y241. 9 9.32 $2,667.3q 7-1627-39 3$6 ,736.0 3 152.19 $ 30.00 $15.00 $ 4.50 8 49.50 $ 19220.93 -0- .01* 2.09 2.08 2.57* 324.84 87.50 3.25 90.75 3,767.58 $371.35 813.67 91.00 3.88 94.88 4,882.04 556.10 $195.00 117.00 5.75 317.75 89110.64 373.20 154.00 2.00 156.00 2,480.79 .155.50 6o.00 2.63 .62.•63 .1,64 3.00 '1.2 -00 0.00 .62 0.62 8 8. 4 371.37 , 5 0-2 .7 00 T-9-7. 0-0 6 589.'50 $14.799 $24-72 -o- 824-21 23,000.77 -0- 313.46 -o- 154.00 -0-. 3.28 -o- 157.28 731.13 $371-35W$7,203-76 $854.23 $39985.00 $14.99 $87.32 $2,667.34 $7,6o8.88 $87,467:92 -45- a VILLAGE OF.EDINA Fiscal year ended December 31, 1951 Balance at January 1, 1951 Receipts Remittances from county treasurer: On special assessments .$611898.95 On bondand interest levy of 1944: Sewer District No. 9- 4$42.99 Water Main No -_2 8.'80 51.79 „T Collections by Village on special assessments: Deferred Collections by Village-for interest on assessments:` To surplus Interest collected on investmefits Sale of U. S. Government secure ties held by Sewer District No. 9 TOTAL RECEIPTS Disbursements ",Bonds redeemed Interest on bonds` Bank service charges Additional construction costs: Joint Sewer No. l " $ 117.92 Sewer District loo. 13 85.00 Paid to City of Minneapolis - sewage disposal plant TOTAL DISBURSEMENTS Balance At December 31, 1951 $61,950.74 19496.85 32.98 58.45 5,000.00 $45,85o.o0 5,423.24 87.32 .202.92 21667.4 $ 48,582.08 '68.519.02 $1179121010 54,230.82 $ 627890.28 -46- S VILLAGE OF EDINA - Year endedDetcember 315 195' e ru ,, 1, 1. e, d Balance Remittances Cancellation', fu,- Balar,,Lce January from County and Delinquent Cc!'Iecvtion December 1951 9 19-1 Tzi..1951 Adjustments Balam-* in 1952 31 ---------- ----------- - SEW-FR DISTRICTS, J int Sewer DistriCt No. I 17 8 9 12 15 13 16 18 19 20 TOTAL SEWER DISTRICTS WATER MAINS STUE T IMPROVEMENT NO,, 1 ,1 *!-ndi,�a+,es red figure. p 1 2 3 7 9 & 8 10 TOTAL WATER MAINS TOTAL $.19209,,68 87.16 48,,72 129263.61 5.248.18 31858.53 119 527-44 10?836.67 2J40. 14. 966-31 958.57 1,27o.64 �709415.65 $ 86.58 10,09 2 P41+2.75 9020982 9-867,31 296715-54 800 vi- 7 3 0' "3.66 $689332.77 293.06 916.62 916.62 88.24 1.08 55075 7.03 111217092 -0- 1904 0 69 iqo4 '69 49132.96 19115.22 19115.22 39849067 8.86 $ 2,608-30 2 9 617- l6 io,o�8.52. 1�4-88.93 6'811'000 89305093 .2.92 193 0 7�'5 7 6 0.,-3.3 C)8 19977066 162.!-8 1 5'o �1- .12 802020 164111 64, .52 80L7.63 958.57 666� 0,;1,0' 666,,16 1 .218 03 3L2 2- 8- _.c, 6 26' .31 4 $ 4 91 295.82 8.11 091+ , 12'7 $25005.,95 $ 170.9,6 $ 84038 2?316.75 29948,86 4 9111, 56 29433.98 969.69 701.01 1 2 69-71* T-17. 67 $ 619898.95 $ '22-78 ----------- ---- ===== 10,09 126.0: 2.25 24 a. 56 gr ' fr 6 1 03 - 3 �"-4 2 , 0.79 c!9 "7'6:3 9 2.985 ?067 673.90 T `j9 799-13 110.09 19729.34 2 9153 - 01+ 3 - 518 - 84 21099-23 673-90 648 ra 17) .3 e- 04 �L,ai $38948.9036 ---- -------- .-1+7- V1 J.JIJ 117E - L1&LJ►J1J►J►J1.11j.L1 l lJ JAEA.0" J. y 1SJ.7 LJ:r JJj; i' 1'J1U%.w1.J VILLAGE OF EDINA Year ended December 31, 1951 SEWER DISTRICTS Number 12 15 16 18 19 20 TOTAL SEWER DISTRICTS WATER MAINS Number 7 &8 to STREET IMPROVEMENT NO.1 Indicates red figure. TOTAL WATER MAINS: Certified to Balance ..County for Cancellations Balance January Interest Collection Collections b Villa e and December 191951 Spread Total in 1952 Principal Interest Adjustments 31; 1951 ---------------------- _- _ - - - - -- __________--________________- _______________________________ $ 10,889•29 $ 521.66 11,410.95 $ 29608.30 $455.99* $ 89346.66 - 27,933.76 1,376.00 299309.76 69817.00 $ 760.75 3$ 13.45 25.91 219744.47 29,446.32 1,471.91 30,918.23 7,360.333 23,557.90 59542.10 270.17 59812.27 1,3 5o.64 140.10 4,321.53 3;272.04 98.13 3,370.17 6433 52 2.,726.65 ,074.58 15 .72 ,228.30 666.16 2,562.14 301-52 214. 4.516-51 2.06 84.4 $ 84-459 - 6l $ ,106.58 -8.- .19 .20,37 .0 9000 l3. 30.0 * ; 843-80 $ 6,629.20 - 89874,1d 119161.75 8,905,68 39110,28 2.,519,74 1 ;220, X452,. TOTAL $136 ;13247 $ 324.84 $ 61954,04 $ 1,603°34 442°32 9,316,42 2,150079 556,10 119 717. 2,763,09 373,20 99278,88 1985767 155050 _r 3265.7.8 673090 12 ,00 Y2 666 4 $1078-99 - . }� 3; 9 99599M 313,46 108765,77 2,05 862 $61399°00 $1429531967 $329032,76 $ 216,60 $ - 3,42 276.60 12, 3 49.040 3,48 v•...o� -0- $1,496m85 $ 32,98 5 ;130,48 $223,08* 69660,12 89841,88 79;421,21 2.9591,88 2 116,40' 223x0' 6.329761-c-97 w 710 $653,16* 01089315 °92 ----------- -48® Bonds Bonds-- M a. t u r i t i. e s Outstanding Bb.nds Outstanding .1933 . January Plaid December Throu h 19 1951 in 1951 319 1951 1952 1953 1959* 1959 $ 119000000 59,00,00 .119000.00 38,;00.00 399000,00 7,?00.00 4900000'0 4 000,00 5'.500.00 1259700,00 47000,00 850000 890000CIO 89700,00 129000,00 139000-00 3 9 5%0000 000 00 29 50,00 149000° 00 $1929350000 $119000o0� 59000,00 29000000 6,5oo,00 69000.00 19000000 oo® =.9000000 1.000.00 33��00060 29000000 8 50, 00 19000000 19500,00 39000000 19000.00 500.00 500.00 109350.00 2 .� Obo l00 $1 }59850.00 � sd® 99000,00 32,000,00 33,000,00 69500000 49000.00 39000.00 4.200,200 929000000 29000.00 -om 79000000 79000000 9,.00Om.00 129x00000 3 9 000..00 2.5000.00 2,500000 1.000000 $11 +6 9 500000 29000.00 69500000 6,000.00 19 500 0.00 19000000 :500.00 500.00 189000.00 29000000 1-9.500.00 29000000 29000000 29000,00 19 000,.00 500.00 11,000.00 22000.00 $319000.00 $ 29000000 69500.00 69000000 19000,00 19000000 19000000 17,500,00 19000,00 19500.00 29000.00 29000,00 500,00 500.00 79500.00 $ 290001,00 6 , 50o. oo 6,000000 19000,00 1,000000 500,00 500.00 179500000 19 500.00 29000.00 39000000 29000.00 19000000 500.00 109000000 2 X000, 00 , 2.000200 $279000,00 $299500000 $ 39000000 129500,00 159000,00 39000,00 29000,00 19.000.00 2.500.00 399000,00 39000000 19500,00 29000.00 69000,00 500.00 19000.00 1179000,00 6 x,000 0 00 $59,000.00 _49® SPECIAL ASSESSMENT FUNDS BONDS PAYABLE AND BOND INTEREST' VILLAGE OF EDINA December 319 1951 Interest Interest Interest Paid Payable De I)ticn Date of Issue Rata in 1951 in 1952 SEWER DISTRICTS �11C_ I t- NwLber 8 November 19 _194J 4 1/2 $ 495000 9 February 1, 1942 1 1/2 75.00 12 January 1, 1946 2 11L+ 2 6,25 $ 191.25 13 July 19 1946 4 1940.00 19220,00 1.5 September, 19 1946 4 19500.00 19260,00 1.6 September 19 1946 4 290.00 240,00 1.8 July 19 1.947 1 4/10 56.00 49.00 19 July 19 1947 3 3/4 150100 112.50 20 July 1, 1947 3 3/4 2o6.25 168 TOTAL SEWER DISTRICTS . 0 T3-9241.50 WATER MAINS Number 1 August 1.9 1941 1 1/2 60.00 30-00 2 O` tObe-r• 19 194.1 2 1/2 21..24 _Qm 3 September 1, 1946 2 1/4. 100,00 87,50 41 October 19 1946 1 3/10 110,50 91.00 5 Octcber 19 1946 1 3/:10 1.56.00 117.00 7 and 8 July 1 1.94.7 1 4/10 175.00 154.00 9 October 19 196+7 2 `70,00 60.00 10 Octobe..• 1.9 19-1+7 2 60.00 0.00 TOTAL WATER MAINS � % Z � S 589.50 STREET IMPROVEMENT No, 1 July 19 1.947 1 4/10 � 182.00 151+.00 TOTAL $59423.24 $39985.00 SPECIAL ASSESS14ENT FUND AMOUNT PAYABLE TO CITY OF MINNEAPOLIS — SEWAGE DISPOSAL PLANT VILLAGE OF EDINA December 31, 1951 Deferred payments covering bond.and interest charges: Year Amount $ . 56 1953 2,526.00 1954 2,48o092 1955 29442.86 1956 29390.01 1957 29337°16, 1958 29291.54. 1959 2, 238.51•,, 1960. 29192.71 1961 2,139°43 1962 2,o86.16 1963 2,032.88 1964 19979.61 1965 19302094 1966 l,0040o5 1967 334.79 1968 95.22 TOTAL DEFERRED T-3-2;438635 Last half of installment due in 1951, paid in January, 1952. 1 , 281 78 TOTAL $339720.13 Note A - Since the certification in the year 1948 (collectible in 1949), no assessments have been certified because of the existing surplus in Joint Sewer District No, 1 and in the Sewer Rental Fund which,it is expected,will be used so far as available to cover additional peyments to the City. -50- IMPROVEMENT FUNDS' COMBINED BALANCE SHEET ` VILLAGE OF EDINA December 319 1951 ----------=== . == = =1g50 Improvement - = --- Improvement Improvement First Second First Second Total Construction Revolving Series Series Series Series ASSETS;' Cash-on °posit Re-.9i-'ablest Spe -_­i.al assessment receivable - current and de " linquent° Certified in 1951 Collectible in 1972 Delinquent _ Tares receivable current Special assessment receivable - deferred Taxes rez�,eivable . - deferred - Acc6unts reeei.vable from contractors Due from other funds Due from Construction Fund for advances Construction in Progresse 56093 .37093 $ 4209006,39 '$ 889263.61; 1259592 076 23 9161.31+ 2.4o0.00 3959:52.38 12 9,600.00 29228.9-'-7 49501.90 612.9398.59 29224.21 679791+,11 16,812.87 11+89205.97 39851.26 $ 11+9706.71- $ 33998+,12 319259.37 199293.10 59621,64 726,83 19700.00 1189291.x.7 949300027 79500.00 4.76 166,77 6421+1.95 459861.05 $ 835-68 $ 2951+1.36 79246.18 700.00 31+935+.97 59100.00 483.87 609297.59 5009000,06 Current 2559,323oO9 2559323.09 Defer red 362. _101065 63 2,_ioi,,65 $293579998,61 $190 99855.31+ $321+9927.85 $1859325.63 $191+-9332.11+ $1099016.29 $5029541.36 ----------- - ®- ________- ----------- ----------- ----------- LTABILI`rIES . Due to other funds Advances from Improvement Funds Loan from General Fund Iocounts payable. Accrued interest _ Water main and sewer connection de- posits Construotion contracts payable Reserves For c ntingencies For debt service For uncollected taxes Bonds payable Surplus - unappropriated 559876.11. 97.59 1+79503.78 29896.1-5 59318.29 612,398°59 6129398059 509000,00 509000,00 1965901+7 999051 12.61+ 647,32 39665,66 995.33 896.00 771+ -33 19000.00, 99693.68 99693068 3679665o48 3679665,1+8 349474x82 15981+8.57 69785.15 129105.08 263.98 *• 2;29000,00 2529000.00 129600.00 79500,00 59100.00 9279000,00 1589',0,00000 1689000,00 1019000.00 50090000.00 28.964.80 8.575299 9911+80 2,9 1 .758.62 1.5E+1.3,6 $293559998.61 $190399855031+ $3249927,85 , $1859325.63 $191+9332.11+ $109 9 016 0 29 $502;541.36 === __________ ______ = = = == ----------- ----------- ___-- ______- . = =--------- *Indicates red figure.,, Y:�,te A - The liability for the - outstanding bonds of the Permanent Improvement Revolving Fund is reflected in,tAe balance sheet of the Debt Service Funds, 51- IMPROVEMENT FUNDS STATEMENT OF SURPLUS VILLAGE OF EDINA December 31, 1951 Deductions: Transfer to Debt Service Fund for interest Interest on bonds: Paid during year Accrued at December 31, 1951 Printing bonds Advertising - Fiscal agents service charge Adjustments of interest on assessments , Unallocated construction costs charPed off Balance at December 319 1951 * Ind:icates Red Figure $ 67022.50 '$ 69022.50 3, o160 oo 3,665.66 138.00 52 .2255 7.54 9.112..08 322. 121.0 $28,964.80 69.99 18.51 9.112.08 1 5-.2-27-.70 $ 89575°99 19224.5. 9300 948 6.48 4o. 6o $9,148.70 19 g9296. oo 10.08 1.42' Ir 26- r 9 $ 79940-13 $ 774.33 14.58 ro ;15* 0 $1058.62 $19000.00 8.64 91. 00F.'N $19541-36 0 52- Permanent 1950 Improvements 1951 Improvements Improvement First 5econd First Second Total Revolving "Series Series Series Series Balance at January 1, 1951 $19,820034 $139465.88 $ 19153.15 $ 59201031 $ mo- $ -o® Additions: Interest spread on deferred assessments for collection in 1952 26, 082.50 10, 252.96 89563-33 5, 415.01 19851.20 Interest collected by Village on prepayment of assessments 28.35 6.19 .89 20.47 .80 Premium on sale of bonds 19575-00 8.28 16.72 19550.00 Accrued interest on sale of bonds 1,106.12 35.14 70.98 19000.00 _ Current portion of special levy for bond and interest 2,400.00 19700.00 700.00 Special assessments on property owned by .Waterworks Fund 47 . o ,6 86.35 740 04 $239799-07 5119M.79 $09636.79 29 39.70 2, 0. 00 Deductions: Transfer to Debt Service Fund for interest Interest on bonds: Paid during year Accrued at December 31, 1951 Printing bonds Advertising - Fiscal agents service charge Adjustments of interest on assessments , Unallocated construction costs charPed off Balance at December 319 1951 * Ind:icates Red Figure $ 67022.50 '$ 69022.50 3, o160 oo 3,665.66 138.00 52 .2255 7.54 9.112..08 322. 121.0 $28,964.80 69.99 18.51 9.112.08 1 5-.2-27-.70 $ 89575°99 19224.5. 9300 948 6.48 4o. 6o $9,148.70 19 g9296. oo 10.08 1.42' Ir 26- r 9 $ 79940-13 $ 774.33 14.58 ro ;15* 0 $1058.62 $19000.00 8.64 91. 00F.'N $19541-36 0 52- IMPROVEMENT FUNDS ANALYSIS OF CHANGES IN CASH BALANCES VILLAGE OF EDINA Year ended December 31, 1951 - Permanent 1950 Improvements 1951 Improvements Improvement First Second First Second Revolving_ Series Series Series Series -------- --- __ _=___ Balance January 1, 1951 $ 289393.70* $ 49671036 $459564056 $ -om $ -oG Additionss Remittances from County Treasurer $1019177016 $11,410067 $229896.21 Collections by Village on Special Assessments: ,Principal Interest 2,647006 6019 4,732.81 .89 119821, 4,2 20047 $ 837.$0 Coll -ection on property to be assessed 16.58 Proceeds on sale of bonds: Principal 509000.00 1019000000 $5'00,000.00 Premium 8.28 16.72 1y550.00 Accrued interest .-74 70.98 1900000 .Collections from other funds: 1950 First Series Improvement Fund 50 001.48 1950 Second Series Improvement Fund 1,594,38 Increase in customers deposits 3151+7092 Collection for. the General Fund 618.00 Ded'uc1 ira c,ns o .Construction costs: Increase in construction in rogress: Balances at December 31, 151: Current construction Deferred construction Balances at January 1, 1951:x. Current construction Deferred construction $.231,67517 3 21301 $5939976.82 $ 469156.g3 10.625. 7 Less increase in contracts payable: December 31., 1951 $364;897029. January 19 1951 394327.58 Less cle-rical and engineering charges from General Fund Construction costs charged to others: Accounts receivable 1950 First Series Improvement Fund 1950 Second Series Improvement.Fund 1951 First Series Improvement Fund General Fund Decrease in accounts payable Refunds charged to special assessments Charged direct to reserve for contingencies Payments charged to other funds: General fund Permanent Improvement Revolving -fund Water main connections Interest on bonds Legal fees Printing bonds Bank charges Advertising 56,782.20 $5379194.62 25.569.71 $2119624091 16 o4. 3,o 3191+2720.61 12,224.21 316.o4 12,914071 39,083.11 1.867.56 BALANCE BEFORE TRANSFERS (Carried Forward) $159,612-19 $1319218.49 $2539126.24 339.83'- lo4.66 15-34 21299.42 Construction = = == Fund== = - =__- $ -om ' r +��00 101 2 0 02 0.00 -0- 70, 9.1,E 0,302 - 1019942- 02, 0.00 5 -o- $50,001.48 315.00 1,836.00 345.68 6.48 $ 19085 19594-38 2,155.96 2,688.00 507.43 10.08 $255.885049, 2 r,+� $121+1667.00*,, 1 929 .3 1 $739326.86 92.32 14.E 8.64 . 10-6-. 90 -fie U� a -0 1019 35.6$ 1502 , 541-36 -o- �53 IMPROVEMENT FUNDS ANALYSIS OF CHANGES IN CASH BALANCES (Con'd) Permanent 1950 Improvements 1951 Improvements Improvements,, First Second First Second Construction Revolving' - -- Series Series Series Series Fund Balance `before transfers $124`667:00 $18, 294, 31 $73, 326.86 $loly 8350 68 $502, 54 .36 $ -o- (Brought.,forward) Transfers: In settlement of interfund accounts: To Permanent Improvement Revolving Fund To Construction Fund To 1950 Second Series Improvement Fund_ Transfer to construction account: From improvement funds From General Fund 2739923-92 316.04* 129914.71* 97.59* 12 3 21. 60 3 t 173, 94* 27, 749.63* To general fund in settlement of Permanent Improvement Revolving Fund interfund balances 6049-1.28* . BALANCE DECEMBER,. 1951 $ 88-263.64' $14,7o6.74 *Indicates red figure. �•. v a $33,984_12 39,083. ll* 2990 70* 1, 321.60* 2219610.06* 397.29 60, 295.59* 5009 000.00* 591, 219.16 50,000..00 835_68 $ -�2, 541_36 $4209006-39 = = == f, III VILLAGE OF EDINA December 31, 1951 1951 Permanent 1950 Improvement's Improvement Improvement First Second First Total Revolving Series Series Series _ ___ _ _- _=______= __________- ____== __= __- ____ =__ Balance January 19 1951 $158,734.76 $1179943.41 $179168.31 $239623.04 $ -o- Additions: Certified for collection in 1952 Deductions: Remittances from county during year Cancellations and adJustments Balance at December 31, 1951 *Indicates red figure. Note A - The composition of balance at December 31, 1951 is as follows: Certified in 1951 for collection in_ 1952 Delinquent TOTAL 125l522. 6 67.794-11 $2841327-52 1 •737. 2 $1359484.04 .89038 ]D15.573.42 $1489754.10 $125,592.76 2.3,161.34 $148,754.10 $1019177.16 46.62* 1019130. $ 849606.98 $ 677794.11 16 ®812.87 $ 849606.98 l $46-9427.6b $119410.67 136.00 Tl-16546.67 $36,881°01 $31,259.37 .621. .64 $36,881.01 190293-10 46 . 8 $429916.,11T $7, 2 .1 $22,896.21 $22.896-fl- $20,019.93 $79246.18 $199293.10 $79246.18 726.83 $209019.93 $7,246.18 -55- Balance January 19 1951 Transfers PERMANENT IMPROVEMENT REVOLVING FUND CURB AND GUTTER Street improvement No. 6 $ 29739.38 7 19172-36 17 433.46 18 29315.46 28 399-63 ' 29 11214 -1. 3 8 19745.13 5 2,411.27 129430.82 -0- SIDEiWALKS ,St'reet improvement No. 54 $ 290000 -0- SANITARY SEWERS District No. 14 19699.0 17 19102025 199 3027.55 4 22 India,nola 19.08 2-9 2 -o- STORM SEWERS Storm sewer No. 11 29093.28 - 13 419.4 9 15 452 9. 72 $ 79042.29 -0- WATER MAINS Wate-r main No. 6 $ 29078082' 11 49244.6o 12 219081.27 1 49214.52 14 199854.67 15 69910012 16 49268.05, 17 19 82-70 18 4.9087092 19 lN83-57 20 2% 11. 2 6 899117-76 -0- STREET LIGHTING Street improvement No. 34 $ 99050-38 -0 IVABLE'- DEFERRED VILLAGE OF EDINA Year ended December 31, 1951 Cert -d 'o Assessments Spread County for Can-,ella"ons B a"' a rL c Supplement Cons ,ruction Reserve for, Inter: st C - ol 1 e to ion C ol 1 e "a d and December Assessment Costs Contingencies Total Spread Total in 1.952 By V11.1age Adjustmen"'CS I -0- $ -0- -0- v- -70-1 - f- -0- y- ° . -0- •- -0- 1$777�7-- S -0- 0- 131.43 58.54 12.96 69-31 20.02 6o.53 87.20 120.29 S 560.28 2.4040 $ 81-,.27 85.12 395-04 66.24 Q Cf 32a 2. lo4.6o 20.92 215.o8 -3 -6 0- -.6 -0 103.97 211.88 19053-90 200.08 969-5 '4 345 67 1.82.63 79-10 2o4.25 920-11 . '1-52-32 491+-23 6 452.87 $ 29870.81 19230-90 446.42 29 84077 3419.65 1927.4.66 19832-33 2a5 1. 56 5 129991.10 $ 304-40 $ 19784.87 19787-37 89302-38 19393-79 20.01 S 139298 S 29197.88 440021 4.764.8o 79402.89 S .2182- 499456.48 79 229135-17 4,414060 20 9824.21 79255-79 49450.68 1,661.8o 49292-17 .199303.68 2,563.84 S 939 1.21 S. 99503.25 $ 15447.95 614-78 229.71 19227-15 153.2 5 465.25 668.9'r 304.40 $ 1, 58401.6 110. 70 $ T -0- T-70- 2120 52 462 r/-1 611.45 9 170.08 170.0 6 $ -0- $ 1,314.46 216-71 1,157.62 266.4o 8og.41 19163,42 $ 19359.8 61777.71 19137-90 12.`2 109649.91 1,744.34 349.3"' 1+, C C2 8, - 3 5 9 122! .04 19663-05 3,639.25 .18,o6g.56 3,430.26 16,621. 51 59924.22 3,133.70 1.9 356.6 8 39576.86 169085063 -2,110.08 7'9610. - SO S 79919-09 - qA- 'A-- 5. 03 4ec- 5. 56 1,.-24.67 255-89 7 1+0 453.)4 9,0."-"6 a06 ,.dam 19-4-50 .93 817 °'23 4,o65.6i 771.8)25 19331.57 705 - 53 10 5.12 717 °31 3218.05 4 5--z 1.76 $ 1, 58401.6 110. 70 $ T -0- T-70- 2120 52 462 r/-1 611.45 9 170.08 170.0 6 $ -0- $ 1,314.46 216-71 1,157.62 266.4o 8og.41 19163,42 $ 19359.8 61777.71 19137-90 12.`2 109649.91 1,744.34 349.3"' 1+, C C2 8, - 3 5 9 122! .04 19663-05 3,639.25 .18,o6g.56 3,430.26 16,621. 51 59924.22 3,133.70 1.9 356.6 8 39576.86 169085063 -2,110.08 7'9610. - SO S 79919-09 - qA- PERMANENT IMPROVEMENT REVOLVING FUND (Cont' d GRADING Street improvement•Noo.30 31 32 35 336 47 2 43 BLACKTOPPING Countryside Valley Vie' w Heights Street Tmprovement No. 4 9 10. 12 1.4 19 15 22 24 25 26 27. 33 39 440 46 47 48 49 �o 52 55 TOTAL PERMANENT IMPROVEMENT REVOLVING FUND Balance January 19 1951 Transfers S 261ao5 19500 452.97 1,742063 2,210063 1,042°22 636064 9 1 $ 41279.01 1,986063. 994.55 617048 1,345088 198o10 56 989.90 18o 0 90 3,o63096 1,25084 /9162073 233 0 "- 2926900+ 2,048043 154044 1,010094 1,261010 4o9076 1,084068 1,414064 5,666002 893.4o- 29407-74 . 916.95 19401-63 479:58 19369039 8,074015 11,287078 8,105066 40 68.907.R 20 93 3. �— - 0- $584023 84. t5284.23 PECIAL ASS: (Cont °d) ___--- -- -_____________ - -- -- -- Certified to Assessments Spread County for Carilellations Balance Supplement Construction Reserve for Interest Collection Collected and December Assessment Costs Contingencies Total Spread Total in 1952 By Village Adjustments 318 1951 ___-___--_________________________________-________--______________ _______________--__- ___-- ______ __-______-____ _---- _____________- ______ - = =__= °o- $19259028 §192 a28 $19259.2b - o° o- ._ -.- ego 00 e ne 12045 8056 22061 87012 110044 50098 15032 15.81 323-31 213.97 9936 49091 30096 64067 90.04 49045 9005 129,0 -46 37-49 58034 11066 113032 102.52 7.74 50. 5� 60.64 20049 54,28 70-74 294.23 11464044 45.59 70008 23.96 68039 391039 66506 405°18 -1 48 5. 4J 1092, 2.9 273050 203056 475-58 19829.75 2,321007 19093.20 651096 O 7,1 199 $ 49492098 29085099 1,o44a46 648o44 19410.55 19891060 19039035 18995 3,19J.32 1928033 1,221007 245009 29382-36 29150095 162°18 1,061048 19321074 430025 19138°96 19485038 5995925 937070 29524.18 962.51+ 19471071 503-54 1s437o78 89465054 13979635 8,51o.84 782.87 2 21 89450.01 223.74 178 0 06 475-58 1,82975 29321007 19093020 333 ,f ,4M O V 97W17 .73 49492 98 29085.99 547.37 339-71. 710.50 990.87 544045 99.51 19425005 662096 445092 89048 869067 785.3.3 . 59022 81.02 8 7 0 52 430 025 41584 542°29 29181090 342-10 893.42 351024 537029 183.82 524086 3,007.60 4,803.75 3 91$7.807 2 2 0 7979 .11 49076 52. 55 318-00- 20 -.3i .S 54c24- 472092 76080 225051 29627.0 $ 2705 2700 197013 4--&- 497.09 308073 645081 900073 494090 90044 19295035 625.37 775.1; 19,512.69 a 69 19365062 102096 673096 84o.72 723.12 943-09 3977735 595060 1, 553.96 611030. 934042 319 0 7?� 912092 59232043 8,992060 593.07 20 51489205-97 57- GRADING Street improvement No. C -1 C -2 BLACKTOPPING Street improvement No. A -1 A -2 -A TOTAL 1950 FIRST SERIES IMPROVEMENT FUND 1950 SECOND SERIES IMPROVEMENT FUND SANITARY SEWERS District No. 25 27 28 29 WATER MAINS Water main No. 22 2 25 26 27 218.40 14"49.-1.57 1+71197 —o -- $ 196570 57 1, 566.52 59 3 54.5$ $384046 2 186000 10 4.:EZ- 1-509476-77 N37277 $ 9.9690083 89618040 13,212.22 4: 644064 3 91 009 39424031 29976014 479715018 99858056 69660068 78946 le 9 Balance January 19 1951 Transfers 1 50 :FIRST SERIES IMPROVEMENT FUND CURB AND GUTTER Street Improvement No. B -1 S 29621016 B -2 517-10 3,15 02. �o° SIDEWALK Street impro- ,trement No. D -1 S 523088 $ -o- SANITARY SEWERS District%; No. 23 � 49082040 24 139862061 Truck Sewer No. B -1 -.0- 17 9 9 0 01 0- WATER MAIN Water main No. 21 $ 39372098 -o= GRADING Street improvement No. C -1 C -2 BLACKTOPPING Street improvement No. A -1 A -2 -A TOTAL 1950 FIRST SERIES IMPROVEMENT FUND 1950 SECOND SERIES IMPROVEMENT FUND SANITARY SEWERS District No. 25 27 28 29 WATER MAINS Water main No. 22 2 25 26 27 218.40 14"49.-1.57 1+71197 —o -- $ 196570 57 1, 566.52 59 3 54.5$ $384046 2 186000 10 4.:EZ- 1-509476-77 N37277 $ 9.9690083 89618040 13,212.22 4: 644064 3 91 009 39424031 29976014 479715018 99858056 69660068 78946 le 9 N 6 w (ContId) Certified to Assessments Spread County for Cancellations Balance Supplement 'Construction Reserve for Interest Collection Collected and December Assessment Costs C'ontin'gencies Total Spread Tot. a1 in 1952 By Village Adjustments 319 1951 Z 0- $ -0- 1, 4 6, 9, `'h . `f 9963o7 $ -0- -o��, -0- 9 963- +7 9 - $ °a- 4 . 71 5943 .71 -0- $ �od 8.18 959578.16 $ 13O.8o 26-70 -15 -t-. o $ 2617 204.39 656021 310 59 168032 $ lo.8i --- �--_- �--m -- -- 7 724-75 , b 83.19 75.41 376.31+ 109.25 959,70 9563.33 $ 445.42 431.01 614.49 x.46 4 . $ 160.8,5 127.07 29186.26 461.22 341-50 22Z.22 534-17 $$297�61�96 $ 3 9315" -76 $ 550.05 49286.79 149 512.82 101.555.17 $1209354.78 $ 3,541-30 y 2299021 1. 52,18 . 12 15,,44 7. 53 $ 19740.76 19641.93 69115.3$ 2.295.21 119Z93.12 $ 10J36.25 99049.41 13 982607'1 1 -79098 3i o3o35 $ 39585.14 39103021 499901.44 109319.78 79168.18 7.918.01 19995.7 $ 786.09 160. 947. $ 157.14 657.99 29095.10 15.078.39 9 179631.46 $ 542 -.54 $ 229.21 7.971.53 9200.. 497 58 453 . o. 197.91.88 817.92 3192. 937 1943665 19388..6. 1,976.46 4 �; 2 77. $ 17.81 i. 10.20 79029.71 19488.83 19100.02 827.64 119374.21 970°77 $ -0- -0- $ -0- . $, 858.60* 139-21 719°39* -0o S 56..04 8 56 .0 769.66 831.74 1.706.02 $ 39307.42 S 211.50 447.80 1+9124.28 608.57 2.527.49 79920. 719.39* $ 138.15* 13 .15* $' 19.85 $ 19965.87 402.8 9-29368-70 $ 392.91 $ 39628080 119559-12 81.939.22 S 979127.14 $' 29998076 $ ®a® 7.246. $ 79246.79 $ 1,243.18 19132..86 19��3.50 1 S,1189291-17 79929-94 79660.80 109880036 2.612.21 S, 299083-31 2,855.83 29265.o6 389747.45 89221 .38 69068.16 4.562.88 29720.7 MM r Balance January 19 1951 -------------------- Transfers 1950 SECOND SERIES IMPROVEMENT FUND (Cont'd) GRADING Street improvement•.No. C-3 � 548005 C-4 29011045 C-5 19084060 C-7 19327020 C -8 1400 5 -0- TOTAL 10/50 SECOND SERIES IMPROVEMENT FUND $1209113003 FIRST SERIES IMPROVEMENT FUND .211 SANITARY SEWERS District No. 31 -0- WATER MAINS Water main No. 28 29 -o- 30 -0- 31 -0- 33 -0- 35 -0- $ -0- -0- GRAD I N G Street improvement No. C. 6 $ -0- C-10 -0- TOTAL 1951 FIRST SERIES ,IMPROVEMENT FUND TOTAL $3769943.34 $968.69 Indi;_gates red figure IVABLE (font °d). Assessments Spread Count; foz Cangellations Supplement Construction Reserve for Interest Collen -t10r Colle, 'red and Assessment Costs Contingencies Total Spread Total in .1952 By Viiiage Adjustments -0- -0- $` - o- o- $19259.28 $ 19544,07 $ 119995.98 9892021 ,123.23 37993371 4.8616.96 369028.86 6 298851.96 1 2. $135995735 $ 3.71 1 .60, 94044* 44003* 39003* 30.85 120.03* 2 3.0 * 17.18 11.79* 14.61* 1:2± $679073 I I $ 1,'547.78 $, 12,009.58 39797-77 4,079.20 7,894,68 3 929781 466.4 3 _ 977 .7 $ 29869.14 866.2,�0� 1.05b.90 $136,637.o8 25078 91.79 E 0,,01 6,,'363 J 243. 59415-03 $ 72.03 519074 157-34 189072 366.67 153-53 219027 1,606.27 1�0 1 2. 0 Y 1.20 $26,082._50 $ 573.83 29103 .2 19134.61 19393.53 523.72 5.728091 $1257 528.04 $ 19619.81 S 12,529032 33,95511 x+,268.92 8,261035 3 , 4510'34 4 16.ol -3793 8 2.0 $ 39o06067 L 910 . to $541,890.89 $ 284,,67 19011.30 560.37 729.93 851 199293.10 $ 226.81 $ ,636.95 491.75 827.10 1915'6.14 483 -31 1 o16. n 11.36 1,o78.9:, '° 2 .10 1 0 101 2 O1' $1259592.76 30.28 64.38 `�24�16 $119621-32 $ 837050 t 2.00 20 O 113.35* $ °o° $ 441"45* 37 0 50 ;;1 +5* $20,038.69 30.00* 0.00* 471.4 $1,107.06* Balance De cember 319 1951 $ 258.88 919.50 5o9.86 6�J 1J6� 2 PcY L 0.10 T70.27 $ 19393-00 10905+.87 39021.91 3944Yo82 7,105021 29968.03 3 ,, 899. o 37 30� 479 J $ 198920476 O 2 '0.23 $3959152038 59- PERMANENT IMPROVEMENT REVOLVING FUND Note A CURB AND . GLITTER Street improvement No. B -3 B -4 B-5 B -6 B-7 Drew and Chowren Yvonne Terrace Wooddal e - West 50th to West 56th Street Balance January 19 1951 Transfers S 4069 SANITARY SEWERS District No. 30 20060 32 3 36 37 38 39 4o Wes- 48th Street 3024 York Avenue - 58th to 59th Street 5.54 York Avenue - West 55th to 154 feet North STORM SEWERS Storm sewer No. 12 19361065 i.4 275.90 16 39299046 19 152.62 20 746-73 21 28091 Oak Drive 89930043 WATER MAINS Water main.Noo 28 129005049 $1290o 5049* 29 39824035 39824035* 30 39814034 39814034* 31 140oo 14000* 32 16030 34 37 38 l+0 41 42 Ewing and Drew a `f IMPROVEMENT FUNDS CONSTRUCTION IN PROGRESS - CURRENT VILLAGE OF EDINA Year ended December 319 1951 A d d i t i o n s Contractor Administrative D e d u c t i o n s Balance Contract .Extra Work and Additions Total and Engineering Other Total General Fui,.d Share Assessment Reserve for December Spread Contingencies - - - - - - - - 319 1951 $ 29463090 174.75* $ 29289.15 193001 S 146-38 S. 29628.54 29628.,54 (2) 59452-87 111037* 5t341-50 436097 163067 59942-14 59942014 942.14 (2) 2,910.6o 19845000 284.lo* 252070 2,626.5o 29097070 210012 169028 22.92 29859054 2,3o6.61 29859 54 2,306.61 (2) (2) 29986029 53.16* 29933-13 236.1+8 .��.63 .21 3921-082 !� 4.69 39213.82 (2) .69 -0- 1062 1062 1062 22.41 22041 22041 89655-30 29683.62 3 51+..8 7 8,300043 298362 664003 214:69 18 44�.-90 99030.24 29945-21 99030.24 29945.21 (1) (1) 2, 7060 28.4o 2,676.00 22503.9 164024 3,o65.63 39065.63 (2) 6981 .31 69814-31' 551014 96.25 7,1+61.7o 79461-70 (2) 389219.14 389219014 39117.33 838. 4e-9175-01 429175001 (2) 10'9015.29 109015029 809.06 79. 9 187.41 79-69 119011.76 79.69 11 . 9011-76 (2) (2) 29571.75 21571.75 2o6.�5- 26.82 27-91 26.82 2,8o6.ol. 26.82 2,8o6xi (2) (2) 29177-84 29177.84 174. 23.86 29376.16 29376.16 (2) 3024 302 4 -0- 19421020 45.1o* 1,376.10 110009 17066 5.54 19503.85 5.54 -0- 19503085 (3) 19361.65 193.61665 (3) 275.9:0 27590 (3) 39299.46 3929901+6 M, 140.16 292-78 292078 (2) 6,681+.90 6,684.90 551013 233-95 746-73 79498.89 9 746073 79498089 (1) (1) 89930:43 .8 9 930. 43 (3) -0- -0- -0- -0- 109758-75 119151-72 1 2.15 37063 -0- 129097-80 0- 129097080 (1) 169467-71 9J92-97 298o6.26 199273-97 79541.92 121077 209937.66 209937.66 (1) J,525o46 39525.46 282o4 51.52 39859.02 39859o02 (1) 9973090 8.70 69982060 622.27 820.05 89424.92 89424.92 (2) 71828.21- 7,828021 6�5'- 70 139.81 89603-72 89603-72 (2) 219742.65 39712-77 219742.65 197 8.52 161075 62.25 2�9652.92 2 9652092 (2j 39712-77 300-30 9075-32 907532 (2 26.02 26.0? 26.02 (2) 3.24 3.24 3.24 (3) 1.08 1.o8 1o08 (3) acne PERMANENT IMPROVEMENT REVOLVING FUND (font ° d) GRADING Street improvement No. C- 9 C -11 C -12 C -1 C -1 C -15 c -16 C-17. .c -18 Brookside Heights York and Xerxes between West 56th and West 57th Street; Harrison and Belmore Lane BLACKTOPPING .Street improvement No. A -12 A -13 A -1 A -15 A-16 A -17 A -18 A -19 A -20 A -21 A-22 A -23 Woodland Road West 49th Street Wind-Road Unity Avenue Beard Avenue Ewing and Drew Yvonne Terrace OILING Street improvement No. 0 -1 0 -2 . OG� 0- o -6 0 -7 0 -8 0 -9 0 -11 0 -12 0 -13 0 -14. Balance January 19 1951 Transfers S 29540023 19059-70 19304031 5.09 19028077 1a439.5� 990020 1 9 280 0 90 1°^3 084 11013 181036 226096 324.09, 222.00 285-50 301-31 1, IMPROVEMENT FUNDS CONSTRUCTION IN PROGRESS - CURRENT (Cont9d) Contractor Administrative' Extra Work and Contract and Additions Total Engineering Other ---------- 502.o8, 262.92 S. 765.00 f 58.54 $ 72036 859-05 8088 867093 69043 26078 812046 364014 1,176.6o 94-35 30091 1+72.50 472.50 40.41 -21.72 49 876.10 876.10 54-o82 70.09 .41 707.72 22012 3.60 3.24 19982005. 88097 29071002 268013 3.24 19927.35 19927-35 157044 48071 19029000, 19029000 188040 19333.27 7-31 8.46 19122000 lv122.00 96004 100.24 455-70, 455-70 38-70 50062 19.28 3.24 9.35 3624 612.50 l.o8 1.62 3.24, 142.50 132.62 1.28 130.28. •s De d u c t i o n s Balance General .F"und. Assessment' Reserve for December Total Share_ Spread Contingencies 319 1951 $ 29612.39 M 29612039 (1) 89. 090 890 90 (1) 96014 96 014 (1) 19301086 19301086 (2) 21072 21 072 (3) 566.40 566.4o (2 ) 441 4041 (21 762.54 762 , 54 (2 ) . 968031 968 ,,31 (2) 19059070 19059070 (3) 3.6o 3.6p ®o. . 3.24 3.21+ -0- 3964346 39643'46 (1).. 3024 (3) 2913024 059 2913059 (2) 29557o6i 29557�36i 8046 8046 '(2) (2) 19318028 19318028 545002 545002 '(2) 19028 19028 (2) 3.24 3024' (3) 9035 9035 (3i 3024 3024 (3'). 1902'$077 190280.77 (3) 19439054 19439054 (3) 990020 990020 (31) 19280090 19280,90 =0- 6120.50 612050 (3) l.o8 1008 (3)' 1062 1062 (3) 133.84 141013 133 0 84 1013 (3') (3) 1 "181036 181"036 (3) 226096 226096 (3) 324009 324009 (3). 222000 222000 (3) 288074 288074 (3) 301-31 3010 31 C�-.1� 142.50 142-50 (, ) 132062 132062 1028 1028 (`J 130028 130028 O -61- •s L' Balance January 19 1951 Transfers PERMANENT IMPROVEME NT REVOLVING FUND (Cont' d) OILING Co.nt °d Street improvement No. 0 -15 o�16 0 °17 0 -18 0 °19 0 -20 0 -21 0 -22 0 -23 0 -24 Brookview Avenue $ 92040 Yvonne Terrace 29094 Woodland Road 64081 Windsor Avenue .Edinbrook.Subdivision Kent Avenue Kellogg ° 58th Street to Valley View Lexington Avenue TOTAL PERMANENT IMPROVEMENT REVOLVING FUND - NOTE B $ 469156033 $19965818* 1950 FIRST SERIES IMPROVEMENT FUND - Note A SANITARY SEWER Trunk seer No. B °1 $ 949935.64 STORM SEWER Storm sewer No. 18 39978-07 GRADING Street improvement No. C -2 TOTAL 1950 FIRST SERIES IMPROVEMENT FUND 071 L0 SECOND SERIES IMPROVEMENT FUND - Note A SANITARY SEWER Sanitary sewer No. 26 $ 41o07 WATER MAIN Water main No. 24 GRADING Street improvement No. C- 6 19321060 $ . i 9 21060* C- 7 BLACKTOPPING Street improvement No. A- 5 27.84 A- 6 19033.79 A- 7 2442056 A- 8 27008 A- 9 19715-74 A -10 669075 A -11 4 0. 011 TOTAL 1950 SECOND SERIES IMPROVEMENT .FUND 99156-54 9-193210 0* IMPROVEMENT FUNDS CONSTRUCTION IN PROGRESS - CURRENT (Cont'd) A d d i t i o contractor Administrative D e u c t i o n s Balance Extra Work and General Fund Assessment Reserve for December Contract and Additions Total Engineering Other Total Share_ Spread Contingencies 3191951 $ 130 °28 $ 130028 130.28 lo6 °2 5 10602 5 5 (3) 281067 281067 281 °67 (3) 34 °68 34 °68 34 °68 (3) 127042 127 °42 127 °42 (3) 131052 131 °52 131052 (3) 312034 312034 312034 (3) 157053 157053 15753 (3) 108021. 106.21 108021 (3-) 233048 233 °48 233 °48 (3) 2 992.94 29.94 (3) 6+.81 64,81 (3) 1029 1 °29 1 °29 (3) 1030 1030 1030 (3) 1.29 1029 1029 (3) 556.29 556.29 556,,29 (3) 75 °25 75025 x,5025 (3) $1789597035 $39190 °59 $181,787094 $'15,028078 $ 9,683092 $2329998079 $19323062 $ -0- -0- $2319675 °17 $ 1,o67021* $ 766 °o4 $ 949634047 $ 94.9634047 -0- 146°74 49124081 $ 49124081 S °°0- 147.96 147-96 147.96 147-96 19067.21* $ 912.7 147.96 1 990702 6 o- 9;9634--q'7- 3 0 7 2147-96 1 709 o- 9 912+,81 $ 41007 I $ 41°07 $ 655-13 6 55.013 $655-13 -0- 7000 °o- 7°00 7 °00 -0- -om $ 190 7040 $ 114 °00 $ 1,151040 $ 156042 29341061 29341061 247 017 247.17 38-37 528.10 528 ° to 1,76o0oo 570 °94 29330 °94 195 °15 91 °71 29644088 21644 °88 19035.64 19 29970-64 2,970-64 7 57.43 757.43 11219.26 9 540 ° 64 1, 54o.64 4 651.82 4-.651.82 6 04o 428° 4280 99 91° $ 6$4.9T+ 6 109176.40 -T-19420.06 7530 6, 2 0 9 18 5.-2- -0- -0- 2.13 19, 23.11 -62- Balance January 1, 9 1951 Transfers 1951 FIRST SERIES IMPROVEMENT FUND Note A SANITARY SEWER Sanitary sewer No. 31 WATER MAINS Water main No. 28 29 30 31 33 35 $12,005049 39824.35 3 9814,34 14.00 GRADING Street improvement No. C- 6 19321060 C -10 TOTAL 1951 FIRST SERIES IMPROVEMENT FUND S20,979.7 TOTAL $1549226058 V ®om Note A - Construction in progress was charged to the fund indicated during the year. As of December 319 19519 the balances have been transferred to the construction fund amount. B - Balances at December 319 19519 for construction in progress charged to Permanent Improvement Revolving Fund, are applic - . able to other funds as follows: (1) - Construction in progress applicable to 1951 - First Series Improvement Fund (2) - Construction in progress applicable to 1951 - Second Series Improvement Fund (3) - Construction in progress not allocated * Indi IMPROVEMENT FUNDS CONSTRUCTION IN PROGRESS - CURRENT (Cont'd) A d d I t -1 o n s Contractor Administrative D e d u -t" i o n° Balance Extra Work and General Fund Assessment Reserve for December Contract and Additions Total Engineering Other Total Share. Spread Contingencies 319 1951 ---------------- ------ ------------------------------- 6 1725200 $ 148050 $ 19400050 $ 112004 31053 49892.21' 9123.23 9123023 1007 7* 1.26 29851.96 298510-'96 897.1n" 897.99 67.86 79248032 7-07 79255-39 5-02* 583-00 3130 9 81.32 1 2 9792.00 205-00 27997000 239056 .30-40 39'975.98 122040 49098038 327-07 390o52 182440oo 75.00 19319.ob 209020 2016 668.72 668072 .6 6. 162048 d1.02 11�52P- 7 p 9 TO 1a $2059269.83 ------------ $49581.46 $2099851.29 ------ $169904030. ---------- $129431098 1, 5*44 .07 3 19544-07 119995-98 119995.98 �9892021 49892.21' 9123.23 9123023 799333°71 1�262-.96 C816'77 799 71 92H.96 49816:77 29851.96 298510-'96 897.1n" 897.99 4.1.' 220 88 $3939414-15 619323062 11359957.35 $810009 --------- ----------- $25,59323.09 -63- -64- IMPROVEMENT FUNDS CONSTRUCTION IN PROGRESS —DEFERRED VILLAGE GF EDINA. December 318 1951 Balance To Current Balance January Current- Construction 1d u er��T�tnnt:ra c December 18 1951 Additions Transfers Over..ru;n Un.de.r -r -un 318 1951. Improvement Fund __-- -_ ------------ -- -------- -- ---- ------------------------------------ --- = --- --- ------ -------- - -- - -- -- -_-_-_--_________ FOR VARIOUS IMPROVEMENT SAN `TARY' - SEWERS' D1:^tri t Nbo 32 FUNDS'AS-INDICATED $ 782007 $ 483.89 $ 298°18 19518 First-_ S'eries­ do 34 335.96 $19461019 19797.15 1951, Second Series do 35 219875o63 219875.63 do do 36 719307e39 729310+2,60 do do 37 72994,2.60 73 do do 38 3 9799.1+5 P799o1 +5 do do 39 1911 ®015 19110015 do do �+0 29362.35 2,362.35 do WATER MAINS ....�...7 32 976.05 583008 19519 First Series do 36 261,80 129o92 .. 2 391 7 do -' d �� � 38 1. 001.1 +�0 s . 739o7l 19%'1+1011 19519 ,Second Series do 39 298765.66 299765066 do d0) 40 67.1+3 224 :990 1+12053 do dot 41 397 1050 3971+1050 do st;ti.4 °z Sewer N0 21 $ 69681+090 $68684 +90 _o- .19519 Fij?bt Series. do 19 1139148006 i 113911+8006 19519 Second .Series GRADING St:v, yet lzriprovemen Y No o C-15 612 o'50 612.50 do d* C -19 29835o,00 2 9 83 5.00 do do C-1 132o65 35.30 97.35 d® ,p4T A°CK' PP.i ( r'a a-rp �rw.r..n a S et Impr xrement No. A -12 19982.05 29071oO2 ,�1�,0$ 2300 °11 19519 First Series" do A-14 196270 5'+ 19627.54 19519 Second Series do A -15 76'9 0 61 /48 21000 do do AI-16 1.9727.23 19727023 do d A. -17 19738.02 19738.02. do do k-18 "92000 770*00 22000 do d A-19 1 *05.25 395095 .30 do dc, A-20 868.26 868.26 do W-Lad R,',,,id Wc�:�'�, l+9t�ki Street 111 0 50 .—Is- E7.0 ill. 0 1.9,847a 2 Not Allocated do TOTAL $108625087 $334 - 9186,x+ $89755°92 $3962599:5 $29658.65 $3379023.79 -64- 0., IMPROVEMENT FUNDS CONSTRUCTION IN PROGRESS - DEFERRED (Cont'd) r.i Balance IMPROVEMENT VEME NT FUM Note A To Current, Balah6b Jarmary Current Constructio. Adjlustmentg To Corj:t---�-acl; . December. 19 1951 ---------------- Additions Transfers Over-rum Unde-2- - rui7i 319 1951 ---------- FOR 19 1 0 SECOND SERIES IMPROVEMENT VEME NT FUM Note A SANITARY- SEWE Di,stri--t- 1VC. 26 $229578.25 $2974-6.25 199832.00 GRADING Street. Impr,,-.)vement No. C-6 1931.9.00 $ 19319-00 -0- BLACKIOPPING St-.-f,,eet Improvement Nci. A -5 196 80.00 19680.o0 do A-6 190`,,`7.40 19151.40 $ 114900 -o- do A-7 329.4-9 247.17 32.00 114.32 do A°8 197 ,0.0-3 2933`)•91* 19254-30 683-36 do A-9 196W7,00 19035:,61+ io8,8c) 502,56 A-1 C 19`37.40 757.43 72,80 352.77 do A-11-B 4.6� 2 rIn 2jll2g8� Tot-al 25,`50, Se�--�ond Series Improve-ment FwiJ1 4o,60 11249,%40 8194Z';.10 TOTAL ,, 923x-.53 $I v . 51+ $2092 $3.3"-' a.86 51-32 ----------- $2,099*05 --------- $79964*15 -------- $3629301..65 -------- �11�016111 M Se vles 259-7 1951. eir."t.. 19 2-03 .09 2.951 Imp r Seem,2 3 Not All uca t- -.7, T 0 -TAL $36293C,1,65 -65- IMPROVEMENT FUNDS RESERVE FOR CONTINGENCIES VILLAGE OF EDINA Year ended December 319 1951 - - -- - - -- - - -- Balance---------------- - - -• -- Additions -------------- - - - - -- Deductions -------- - - - -. - - -- - - - -- Balance •------------------------- - - - -- -- - - -- -- - - - - -- .;anuary Prior Current Supplement Adjustment of December ° - -- - -- - - -- - - - - - -- 19 1951 ____----- Years Year Assessments Assessments Other 319 1951 -- r - - -___ --------- -------------- =- __--------- - - -___ -----_--------- -_= ____________________ PERMANENT IMPROVEMENT REVOLVING FUND CURB AND GUTTER France Avenue -51st to 52nd Streets $ 116.74 $ 116.74 Oak Drive9 Saint John and Concord 634.97. 634.97 Street improvement No. 6 59144 591.44 do do 7 28 20756 .24.61 207.56. 24.61 do 29 197.09 197.09 do 338 190.98 190.98. do '+5 . 3150 03 315.03 SIDEWALKS R France Avenue -51st to 52nd Streets 100.28 100.28 Street improvement No 54 95.20* 95.20* SANITARY.SEWERS District No.-14 417.40 417.40 do 17 563 d 12- 50312 do 21 19032027 19032.27 do 22 192.03 192.03 STORM SEWERS Storm sewer No. 11 514.60 .514.60 do 13 49.71 49.71 do 15 151.51 $503.80* 655.31 WATER MAINS Water main No. 6 do 11 '350.51 91+9. 86 30.51 9 9.86 do 12 3 503.35 503.35 3003-35 do 14 752.33 752.33 do 1 29196.25 29196.25 do 15 8740-81 874.81 do 16 844.15 844.15 do 17 213.73 213.73 do 18 808.70 808.70 do 19 19702.6 19702.6 do 20 : 235.5 X35, 5 GRADING Street improvement No. 2 49.52 40.52 do 16 10.25 10025 do 20 857-10 857.10 do 21 122.6 122.6 do 30 51.8 * 51.8 do do 31 21.5. 21.35 32 131.42 131.42 do 3.5 471.90 471.90 do 36 154.93 154.93 do 37 268.67 268.67 -do 2 86960 86.60 do 43 4'5.42 45.42 ,hh�. i IMPROVEMENT FUNDS RESERVE FOR CONTINGENCIES (Conted) -- ------------------------------------------------------- - - - - -- Balance ---------------- - - - - -- Additions --- - - - - -- -- Deductions .Balance January Prior Current Supplement Adjustment of December 19 1951 Years Year Assessments Assessments Other 319 1951 PERMANENT IMPROVEMENT REVOLVING FUND (C on t l d BLACK TOPPING Golf. - Terrace Heights 242.42 $ 242042 Countryside 15813.89 $19813.89 Valley View Heights 782.02 782.02 Street improvement No. 33 221.35 221.35 do 4 114.94 114.94 . do 5 28.2.88 52.41 230.47 do 8 246-70 2 6.70 do 9 384.50 240.92 143058 do 10 86.63 86.633 do 11 82.63 69.54 U.4 09 do 12 6:.62 12.72 ..90 do 14 363-93 do 14 196.78.02 19678.02 do 15 261:96 127:59 1.334.37 do 19 3.81.13 33.39 3+7.74 do 22 29.51 29.51 do 24 '342082 do 24 282.73 282.73 do 25 314.91* 314.91* do 26 141.95 141.95 do 27 308.92# i 308.92* do 33, 39 553.28* 553 .28* do 40 8. 6* 3$. 6* do. 41 1966.47* 19686.47* do 44 272.66 272.66 do 46 155.77 15-5-77 do 47 596824* 596024* do 48 1. 89.01 189.01 do 49 66.49 -66"49 do 50 195.80. 195.80 do 51 19565.9 1 0 r X56 593 do 52 19249.28* 1 61,259.28 7.48 2..52 do 53 8,070 ®44* 7.86 89078.30 * do 55 71.55 '1.55 J� ,__��, T � N � Tee improvement No. 34 448fl14 448.14 TOTAL PERMANENT IMPROVEMENT REVOLVING FUND 9_R ff • • 9 • -o- 5b. F ST SERIES IMPROVEMENT FUNDS OUR AND GUTTER --§f-reet IFFFement No. B -1 275.199 275 •19 do B. 2 29.4 + 29.44 SIDEWALK ® improvement .No . D. -1 5.46 5.46 JANITARY SEWERS Dis r� iot No. 2' 262.86 262.86 do 24 39925.62 $954.00 29V3.7.L 1.62 Trunk sewer No. B -1 $943.71 WATER MAIN =Wader main No 21 341.90 341.90 -67 IMPROVEMENT FUNDS RESERVE FOR CONTINGENCIF,S (Cgnt'd) ' ----------------------------------------------------------------------------------------------------------- __------------------ - - - - -- - - --------------------- Balance Additions Reductions Balance January Prior Current Supplement Adjustment of December 19 1951 Years Year Assessments Assessments Other 319 1951 ________________ -------- - __- _______= _______ - -__- 1950 FIRST SERIES:• IMPROVEMENT FUNDS --'(Cont' GRADING Street improvement No. C -1 15.4 * 15.4 do C -2 1,543.2#. $147.96 19395.2 3* BLACKTOPPING :S ree improvement No. A -1 576.71* 576.71* do A -332 -170.74 170.74 do A -4 628,.00$ 628.08 TOTAL 1950 FIRST SERIES IMPROVEMENT FUND � • .. , 9.3: 1.7.9. * +3 . �f -o- 9 .00 -o- , • 13 1950 SECOND SERIES IMPROVEMENT FUND -. SANITARY SEWERS ,District Nob'.25 369.72 J61-72 do 27 $68.72 6•72 do 28 i, 018.56 11018.56 do 29 445.97 x+5.97 y WATER MAINS Water main No. 22 346.11 346.11 do 23 .3080 30 308-30 do 24 6,216069 6,216.69 do 25 ..910..05 $655.13* 254.• 2,,,., do 26 - . 620.45 620.5 do 27 19279.55 19279.55 GRADING Street improvement No. C -33 41.38 41.38 do e -4 219.58 219.58 do C -5 66035* 66.35* do C -7 15.6_.0,9 7.. PO* 149.09 do C -8 .32.39 2. TOTAL 1950 SECOND SERIES IMPROVEMENT FUND T12-9767821 2.13* 910 00 I 7 -FIRST SERIES IMPROVEMENT FUND . SANITARY SEWERS._ Sanitary -sewer No. 31 $ 3,71 $ 3.71 WATER MAINS -Water main No. 28 13. 13.44* do 29 9 4.41+* 94 do 30 44.03* 44.03* do 31 39.03* 39.03* do 33 30.85 30.85. do 35 120.03* 120.03* GRADING Street improvement No.,C- 6 17.18 do C -10 • 1: . _ TOTAL 1951 FIRST SERIES .IMPROVEMENT FOND -o- ,� *;��os - 2 1. TOTAL $37,394.48 $810.09* $679.73 $19259.28 $450.20 $3,59$•30 $341474.82 -- CCO = =CC = =-Q= ---- -- - = == *Indicates red figure. -68- IMPROVEMENT FUNDS CONTRACTS PAYABLE TILLAGE OF EDINA December 319 1951 TOTAL $3679665°1+8 SANITARY SEWERS - - Sanitary sewer No, 26 $ 199832,00 do 28 19261,69 do 32 298.18 do 34 19797°15 do 35 219875,63 do. 36 719307 do 37 '72 9942.B do 38 39,79901+5 do X39 19110,15 do' 40 29362.35 WATER MAINS Water main No, 26 150,00 do 32 583,08 do 33 299070 do 36 391.72 do 38 19741,11 do 39 299765,66 do 4.0 412.53 do 41 3 9741- 50 STORM SEWER Stoz°m sewer Noe 19 113911+8.06 GRADING Street Impro,uement No. C -15 612,50 do C -17 29835-00 do C -18 97°35 BLACKTOPPING Stree•l. Improvement Noe A-1 220,00 do A -2 217,00 .do A -3 619,80 do A-5 1,680,00 ark A -7 111+,32 do A -8 683036 do A -9 502.56 day A -10 352-77 do A -11 -B 29112,85 do A-12 230.11 do A -14 19627051+ do A -15 21; 00 ` do Am16 19727.23 do A -17 .19738.02 do A -18 22,00 do A-19 9.30 do ,A -20 868.26 do - 33 320.00 do 1+1 19190 °49 do 1+6 871.70 do 55 21345 Wind Road 111.50 West 1+9th Street 19,81+7.1+2 TOTAL $3679665°1+8 -70- IMPROVEMENT FUNDS BONDS PAYABLE VILLAGE OF EDINA Docember 31, 1951 Maturity Interest March 1 Rate Amount Improvement Bonds of, 1-950, First Series, dated March 1, 1950 Interest payable March 1, ;er and Septem 1. 1952 1 7/10% $ 141000.00 do do .14, 000.00 do 195'+ do 14,000.00 do 1955 do 14,000.00 .do 1956 do 129000.00 do 1957 do 87000.00 do 1958 do 8,000.00 do 1959 �do 8,000.00 do 1960 do 87000.00 do - 1961 TOTAL 1950 FIRST do SERIES 8.000.00 $1089000.00 Improvement Bonds of 1950, Third Series, (supplement to first series) dated September 1, 1951, interest payable March 19 and'September-l. 1953 2 3/10% $ 29000.00 do 195'+ do 2,000.00 do 1955 do 29000.00 do 1956 do "+,000.00 do 1957 do 7,000.00 do 1958 do 7,000.00 do 1959 do 69000.00 do 1960 do 6,000.00 do 1961 do. 61000.00 do 1962 TOTAL 1950 THIRD do SERIES 8 000.00. 03000.00 TOTAL 1950 IMPROVEMENT. FUND, FIRST SERIES $158,000.00 Improvement Bonds_ of 1950, Second-Series-,- dated September 1, 19501 interest payable March 1, and September 1. do 1 6/10% $ 20,000.00 195 do 20,000.00 do 1955 do 207000.00 do 1956 do 157000.00 do 1957 do 159000.00 do 1958 do 157000.00 do 1959 do 159000.00 do 1960 do 157000.00 do 1961 do 159000.00 do 1962 ..- - -TOTAL 1950 IMPROVEMENT FUND, SECOND do SERIES 18 000.00 '01689000.00 -70- IMPROVEMENT FUNDS BONDS PAYABLE (Cont.) Maturity Interest March 1 Rate Amount Improvement Bonds of 1951, First "Series, dated September 1, 1951, interest payable March 1, and September 1. do 1954 2 3/10% do do 1955 do do 1956 do do 1957 do .do 1958 do do 1959 do do 1960 do do 1961 do do 1962 do .TOTAL 1951 IMPROVEMENT FUNDS FIRST SERIES December 1 Improvement Bonds of 1951 Second Series, dated December 1, 1951, interest payable June 1, and December 1. do do do do do -.do do do do do TOTAL 1951 IMPROVEMENT FUND, 1.954 2 4/10% 1956 do 1958 ao 1959 do 1960 do 1961 do 1962 do 1c)63 do SECOND SERIES TOTAL $ 109000.00 1o1000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 11 000.00 S1019000.00 $ 25,000.00 50,000.00 50,000.00 50,000.00 50,000.00 55,000.00 55,000.00 55,000.00 55,000.00 55.000.00 $500,000.00 $9279000.00 Note A - Each of the improvement bonds of the 1950 first, second and third series- and 1951 first series is subject to redemp= tion and prepayment; on -March- -1, or September 1, immediately preceding its stated maturity date. Each of the improve- ment bonds of the 1951 second 'series is subject to redemp- tion and prepayment-on June 1 or December 1, immediately preceding its stated maturity date. Such redemption to be at the option of the Village at a price of par plus interest to accrue to'the date specified for redemption. Notice of call for redemption to be made at least thirty days prior to the date specified for redemption. -71- DEBT SERVICE FUND BALANCE SHEET VILLAGE OF EDINA December 31, 1951 Permanent Improvement Revolving Fund Bond Sinking Fund Total No. 1 No. 2 No. 3 ASSETS Cash - current funds $ 31403.46 Due from Permanent Improvement Revolving Fund 479022.50 Taxes receivable - deferred $285,820.00 Less allowance for un- collectible taxes 15.572.50 $2703247.5 $320,673.46 LIABILITIES Due to Permanent Improvement Revolving Fund $ 3,403.46 Bonds payable: In 1952 Subsequent to 1952 Future interest payable $ 41,000.00 252.000.00 $2N3270-00 ,000.00 $3209673.46 $ 19200.93 $ 19586.83 $ 615070 22,700.00 $1349720.00 6.920-00 $1127,800.00 $1519700.93 $ 1,200.93 $ 209000.00 120.000-00 31409000.00 10.500.00 $151,700.93 17,362.50 $ 103,200.00 6,112. 0 97,087-50 $116,036.83 $ 19586.83 $ 15,000.00 90.000.00 $1059000.00 9,450.00 $1169036.83 6,96o.00 $ 47,900.00 2,540.00 0.00 $ 52,935.70 $ 615.70 $ 6,000.00 42 000.00 $ 489000.00 000.00 4.320.00 $ 52,935.70 ­7,2- T SERVICE FUND 0 -73- VILLAGE OF EDINA Year ended December 31, 1951 Permanent- Improvement Revolving Fund Bond Sinking Fund Total No. 1 No. 2 No. 3 ------ - - - - -- - - - - -- -- - - - - - -- - Balance at January l' 1951 - -- - -- $517353.45 -- - - - -- ----------------------------- $24,334.23 $199312.78 $77706.44 Disbursements: Bond maturities $417000.00 $20,000.00 $157000.00 $6,000.00 Interest maturities 69880.00 3,100.00 2,700.00 1,080.00 Fiscal agent's se -rvieB charge 6 9.92 -13-30 2 . 10-74 $23,133.10 �l -.25-95 0 0. Balance at December 31, 1951 $ 39403.46 ---- - - - - -- $ 11200.93 ---- - - - - -- $ 17586.83 ---- - - - - -- $ 615.70 --- - - - - -- 0 -73- DEBT SERVICE FUND I PERMANENT IMPROVEMENT REVOLVING FUND BOND SINKING FUND NO. 1 BOND AND INTEREST MATURITIES S DEFERRED TAX LEVIES; AND ALLOWANCE FOR UNCOLLECTIBLE TAXES` . VILLAGE OF EDINA December 31, 1951 Allowance Deferred Tax Levies For Maturities To Be Uncollectible Maturity Date Bonds Interest Total Spread In Amount Taxes Permanent Improvement Revolving Fund Bonds of 1947 - 2 %: April 19 1952 109000.00 $ 19400.00 October 1, 1952 10,000.00 19300.00 $ 22,700.00 April 19 1953 10,000.00 19200.00 October 19 1953 109000.00 19100.00 229300.00 1952 $ 239520.00 $19220°00 April 19 1954 109000.00. 19000.00 October 19 1954' 109000.00 900.00 21,900.00 1953 239100.00 19200.00 April 19 1955 109000.00 800000 October 19 1955 109000.00 700.00 219500.00 1954 221630.00 1,130.00 y April 19 1956 10,000.00 600.00 October 19 1956 109000.00 00.00 219100.00 1955 22,210.00 19110.00 April 11 1957 10,000..00 00.00 October 19 1957 10,000.00 300.00 201700.00 1956 219840.00 19140..00 April 1, 1958 109000.00 200.00 October 19 1958 10,000.00 100.00 203300.00 1957 21,420.00 13120.00 TOTAL $1409000.00 $10,500.00 $150,500.00 $1349720.00 $69920.00 Total to be paid _ per above $150,500.00 Tax levy for 1951 canceled by Council. Transfer due from Permanent Improve- ment Revolving Fund for payment of bonds and interest: Due April 19 1952 $ 109000.00 $ 19400.00 Due October 1, 1952 10 2000.00 1.300.00 $ 209000.00 $ 29700.00 22.700.00 Total for which levies are to be made $12%,800.00 Allowance for uncollectible taxes 63920.00 Deferred tax levy $134,720.00 i -74- DEBT SERVICE FUND ------------------------------- ��--------------------------------------------------- {---- -� -.�� -------------------- - - - - -� July 11 1954 January 1, 1955 July 11 1955 January 19 1956 July 19 1956 January 19 1957 July 19 1957 January 11 1958 July 19 1958 January 19 1959 Total to be paid per above Tax levy for 1951 canceled by council. Transfer due.from Permanent'Improve- ment Revolving Fund for payment of bonds and interest: Due July 1 t 1952 Due January 1, 1953 Total for which levies are to be made Allowance for uncollectible taxes Deferred tax levy a 15,000.00 15,000.00 15, 000..00 15,000.00 15.000.00 M5,000.00 6.153000.00 $ 15,000.00 843.75 843.75 675.00 675.00 506.25. 506: 2'5 337.50 337.50 168.75 168.75 $ 9,450.00 $ 1,181.25 1,181.25 $ 2,362.50 169687.50 , 169350.00 16,012.50 15,675.00 15,337.50 $114.45o.00 $114,45o.00. 17,362.50 97,087.50 6, 112.50 $103,200.00 1953 179800.00 1954 179400.00 1955 179000.00 1956 16,600.00 -1957 16, 200.0_0 $103920040 1,112.50 1,050.00 987.50 925.00 862-50 �6, u2.5o -75- i Allowance Deferred Tax Levies- For Maturities To °Be Uncollectible Maturity Date Bonds Interest Total Spread In Amount _----------------------- Taxes - __-____= _____• --------------- Permanent Improvement Revolving Fund Bonds of 1948 - 2: July 19 1952 $ 11181.25 January 19 1953 $ 159000.00 19181.5 $ 179362.50 July 11 195 1,012.50 January 19 195 159000.00 19012.50 179025.00 1952 $ 189200.00 $19175.00 July 11 1954 January 1, 1955 July 11 1955 January 19 1956 July 19 1956 January 19 1957 July 19 1957 January 11 1958 July 19 1958 January 19 1959 Total to be paid per above Tax levy for 1951 canceled by council. Transfer due.from Permanent'Improve- ment Revolving Fund for payment of bonds and interest: Due July 1 t 1952 Due January 1, 1953 Total for which levies are to be made Allowance for uncollectible taxes Deferred tax levy a 15,000.00 15,000.00 15, 000..00 15,000.00 15.000.00 M5,000.00 6.153000.00 $ 15,000.00 843.75 843.75 675.00 675.00 506.25. 506: 2'5 337.50 337.50 168.75 168.75 $ 9,450.00 $ 1,181.25 1,181.25 $ 2,362.50 169687.50 , 169350.00 16,012.50 15,675.00 15,337.50 $114.45o.00 $114,45o.00. 17,362.50 97,087.50 6, 112.50 $103,200.00 1953 179800.00 1954 179400.00 1955 179000.00 1956 16,600.00 -1957 16, 200.0_0 $103920040 1,112.50 1,050.00 987.50 925.00 862-50 �6, u2.5o -75- July January July January July January July January July January July January 1, 1954 1, 1955 . 1, 1955 1, 1956 1, 1956 1, 1957 19 1957 1, 1958 1, 1958 1, 1959 1, 1959 1, 1960 Total to be paid - per above Tax levy for 1951 canceled by council. Transfer due from Permanent Improve - ment Revolving Fund for payment of bonds and interest: Due July 19 1952 Due January 19 1953 Total for which levies are to be made Allowance for undollectible taxes + Deferred tax levy 6,000.00 6,000.00 6,0oo.00 6,000.00 6,000.00 6.000.00 $ 48,000.00 3 6.000.00 $ 6,000.00 36o.00 360.00 300.00 300.00 240.00 240.00 180.00 180.00 120.00 120.00 60.00 60.00 $ 4,320.00 $ 480.00 480.00 $ 96o.00 6,720.00 1953 6,600.00 1954 6,480.00 1955 6,360.00 6,240.00 6.120.00 $ 529320.00 $ 529320.00 6.96o.00 $ 45,360.00 2g5 0.00 $ 47,900.00 1956 7,100.00 7,000.00 6,800.00 6,7oo.00 1957 6,600.00 1958 6.5oo.00 8 47,000-00, 380.00 400.00 320.00 340.00 36o. oo 380.00 $2,540.00 -76- Allowance Deferred Tax Levies, For Maturities To Be Uncollectible Maturity Date Bonds In eres Total, Spread In Amount Taxes Permanent Improvement Revolving Fund Bonds of 1949 - 2 %: July 19 1952 $ 480.00 January 19 1953 1 6,000.00 480.00 $ 69960.00 July 119 1953 420.00 January 1, 1954 6,000.00 420.00 69840.00 1952 $ 79200.00 $ 360.00 July January July January July January July January July January July January 1, 1954 1, 1955 . 1, 1955 1, 1956 1, 1956 1, 1957 19 1957 1, 1958 1, 1958 1, 1959 1, 1959 1, 1960 Total to be paid - per above Tax levy for 1951 canceled by council. Transfer due from Permanent Improve - ment Revolving Fund for payment of bonds and interest: Due July 19 1952 Due January 19 1953 Total for which levies are to be made Allowance for undollectible taxes + Deferred tax levy 6,000.00 6,000.00 6,0oo.00 6,000.00 6,000.00 6.000.00 $ 48,000.00 3 6.000.00 $ 6,000.00 36o.00 360.00 300.00 300.00 240.00 240.00 180.00 180.00 120.00 120.00 60.00 60.00 $ 4,320.00 $ 480.00 480.00 $ 96o.00 6,720.00 1953 6,600.00 1954 6,480.00 1955 6,360.00 6,240.00 6.120.00 $ 529320.00 $ 529320.00 6.96o.00 $ 45,360.00 2g5 0.00 $ 47,900.00 1956 7,100.00 7,000.00 6,800.00 6,7oo.00 1957 6,600.00 1958 6.5oo.00 8 47,000-00, 380.00 400.00 320.00 340.00 36o. oo 380.00 $2,540.00 -76- WATERWORKS FUND BALANCE SHEET VILLAGE OF EDINA December 3191951 Cashs Current funds: On deposit For deposit Working fund Appropriated funds- for bonds and On deposit AQcounvs receivable: From customer s Due from other funds Invent -orie's m at costs Meters Supplies Fixed assets m Note As Land Land improvements Buildings and equipment Less allowances for Da3ferred ,charges: Unamortized property Prepaid insurance. Due to other funds A +'aeC9 nts payable and Trade a6counts Salaries and wages Intere St. Bonds payable - due 2 1,,42% to September on balari ' e s '9000.00 $ 79000.00 $ 89000000 $109000.00 Surpluss Revaluation Contributed depreciation ASSETS $ 319435-34 175099 25000 interest: acquisition costs $ 319636033 4g305.00 $ 359941.33 $ 89970.56 135.36 99105092 $ 29926.33 1,4o6.35 .49332,68 $ 79392,30 $ 8U9e13. 5914-870a 6 929 79,59 85909230 5063770029 5149162.59 LIABILITIES accrued expensess annually September lst9 19 19579 and 2 3l"+% September 19 19529 annually 1953 through 19569 annually 1957 through 1960, and annually 1961 through 1967 of fixed assets - Note A by special assessments m Note A Earned surplus s Appropriated Unappropriated $ 29702.8 . 53,93 351.11 $ 19407.71 8 5. 92 1.203.3. $ 36 9.879.24 3399o14098, $ 563,893.63 $ 59390055 29696.96., 1379000000 402606e9L 449911.90' 4209806.12 $5639893.63 Note A - The original utility purchased. in 1947 is carried at amounts based on appraisal at time of acquisition. Subse- quent purchases are carried at cost, Water mains for which the benefited property owners have been assessed are carried -'at .construction cost with contra- credit to Sur -plus contributed by special assessments, =77® WATERWORKS FUND STATEMENT OF SURPLUS VILLAGE OF EDINA Year ended De�?emlber 319 1952L Contributed Uhapgr­c­ by T t I Appropriated Assessment,_,.,, Re,Valua-1ji,on- ------------------------ Balan,>-, a• '; January 1. lgrl 5 $377925'193-4`5 $3194f4.63 $4 567. �O 3 04 9 �2 50,, 1: 561,22 Add i -IV,, 1. Net for, the year 8 "Y47 7 9 8 9447.79 Deprei. ia:tion pro-,.rlded duTing the year ri. e.x-n _- o I " oa appraisal value o%,er cnost -C,` -C,`m 681.98 6810 of a.ppz,opriatiori of cash for paymentu o.-f bonds, and intere-st 62.59 62.50* Wa. vex oonti ibuted by special a ei­_' sin ei n,, _303 z ,g 960T.90 17-9 0-0 $339 9660.4'y D e du,.' o ii - 8 for water mains �hazzged to Water Fwid 64 Balan�.-.e at December, 319 1951, $4.20,8o6.12 $4,096o6.90 $49305000 $3399014-98 $36,,&%q,,24 * Ind:'I.(�ates z,,ed figure, WATERWORKS FUND COMPARATIVE STATEMENT OF INCOME AND EXPENSE VILLAGE OF EDINA Years 9nded December 319 19519 and 1950 -------------------------------------------------------------------------------------------------- Increase 1951 1950 Decrease* Number of meters in use: At end of year At beginning of,year Income: Sale of meters Less cost of meters sold GROSS PROFIT ON METERS Water sales Penalties Water connection permits Tapping fees Repair service Street opening fees GROSS INCOME Expenses: Pumping: Labor Power and light Supplies Buildings: Labor Fuel Supplies Telephone Equipment rental Water purchased Provision for depreciation Repairs Distribution: Labor Materials and supplies Operation of meters: Labor Supplies Equipment rental Provision for depreciation Repairs 29058 1,668 3 99605.40 80518041 8 19086.99 409190.73 58.36 19270.00 813 .30 47�+. 50 106.00 3,999 $ 19015.41 6077.21 13.34 19342.91 299.09 133000 138.10 3300.00 490000 29109.34 10950.72 149169.12 $ 19170.09 614.48 19000.94 195.40 450.00 79110 9 X41. 4 '5105882.7 19668 1,343 69767.20 791-63 419302.29 149.03 1'615.00 161.37 118.00 9526.62 $ 846.01 69871.34 26.48 347036 146.6 83.7 139.30 300.00 682.50 29367.85 X49.50 129160.73 325 $29838.20. 2.542.84 29 •3 19111.56* 90.67* 119.50* 198.30 31313 12.00* 2.9* $ 169.40 494.1 * 13.1* 995 152. 49.26 1.20* 192.50* 258.51* 1601.22 $29008-39 $ 19416.68 $ 246.9* 19086.89 472.41* 1,046.18 103.29 4'50.00 597 8.42 115.00 45.24* 92.11 19226.44 916. 2 -79- IVE S Expenses: (Con'd•) Administrative and general: Salaries: Superintendence Clerical (general fi{nd) Meter reading Meter reading supplies- - Office supplies and postage Audit and accounting service Equipment rental Insurance Services on customers! premises Miscellaneous •. Provision for depreciation TOTAL OPERATING EXPENSE OPERATING INCOME Other deductions: Amortization of property acquisition and bond issue expenses Interest on bonds Fiscal agent's service ch&rge. Loss on equipment scrapped NET INCOME Depreciation charged to operations included in the above (Cont'd) Increase 1951 1950 Decrease* $ 19831.75 19324.21 19122.60 83.45 429.30 55500 250.00 15o.61 353.14 15.41 8. 6.193-82 1 2 129754-20 $ 594.24 39693.33 18.8 -o- - C . q -1 879 $ 99298.08 19 738.52 19200.00 924.54 43.54 514.27 462.50 250.00 151.4o 152.49 58.82 $ 594.24 39818.33 15.89 10.00 1}r8 •1 +6 gam_ $12 9366.. 20 89175.16 93.23 12 .21 198.06 39.91 84.97* 92.50 -0- * 200.65 43:41* .1 9.46 2 49090.46*, 125.00* 2.95 0.00* 1 399r_ 3 1* $19122.92 _o WATERWORKS FUND ANALYSIS OF CHANGES'IN CASH BALANCES VILLAGE OF EDINA Year ended December 31, 1951 Balance at January 19 1951 Current funds: On deposit $209400.95 Working funds 25.00 $209425.95 Appropriated funds - for bonds and interest 4a367-Lo- $249793-45 Funds provided: Net income for the year $ 89447-79 Less charges to expense not affecting cash: Provision for depreciation $ 99298.08 Amortization of property acquisition and bond issue expense 594.24 99892.32 Decrease in asset accounts: Prepaid insurance Increase in liability accounts: Due to other funds Funds applied: Increase in asset accounts: Accounts receivable- customers Due from other funds Meter inventory Supply inventory Decrease in-liability accounts: Trade accounts payable Salaries and wages Interest Deferred income Bonds payable January 1 December 31 $ 72.82 $ 1,260.40 8 8,543.82 127000 274:95 67579 $ 9,621.56 $ 1,785.13 92.40 1,245.00 200.00 140,000.00 $1439322.53 Waterwork fund portion of cost of improvements contributed by special assessment Purchase of fixed assets (excluding 35,410.39 contributed by special assessments) $ 53.93 $ 51390.55 $ 89970.56 135.36 2,926.33 1,406.35 $ 13,438.6o $ 1,407.71 85.92 19203.33 -0- 135,000.00' $1379696.96 $ 426.74 . 8.36 2,651.38 730.56 $ 377.42 6.48 41.67 200.00 5,000.00 4,130.15 22,489-15 84792b2.60 $ 3,817.04 59625 57 645.51 13253.15 11 41.2 Balance at December .3ly,,,1951 $359941-33 R1 eft WATERWORKS FUND. FIXED ASSETS VILLAGE OF EDINA Year ended December 319 1951 __-_-------------------------------------------------------------------------------- ---- ------ ---- ---- -- - - ---_ -- - A s s e t s_ Allowances for Depreciation Net Balance Balance Balance -�-�� 'Balance Balance January December January Current December December 19 1951 Additions 319 1951 :19 1951 Provision 319 1951 319 1951 ------ --- --- -- ---- --- ----- ----- - -- ------------------ __-- _-------- - ________ - ------------ --___-__---____-_-___--_--_____-____ La.nd $ 79392°30 $ 7092.30 $ -o- $ -o- $ 7�392s30 Land imps o v ement s Di stribut:i bn system: Purcha, s ed Contributed by special assessments Buildings and. equipment: Pump house buildings Wells Pups and piping Tanis and tower Office equipment Miscellaneous equipment Tools -o- $ 809,13 809.13 $16598R5.72 $1659835,72 06 �+� 5.98 41o,39 1419896.37 +729321.70 359410-39 079732.09 $ 12991+1.73 $ 388°31 $ 21+91+60001+ 21+91+65.59 5.59 299290.95 13.00 299303.95 11+9938010 15.66 11+9953.76 19289.22 19289.22 278.15 278.15 1+061 .2 7.05 1 66 444.--0--2 8 X. 1 -o- $409636.83 �5 3 1.. $ 191+8590 3,24-5:64 4 99085.37 11,350.42, °79.89 22.43 2 20,9 ° $ 16.1.6 $2 9 21.101.3 4.121. s 02.70 $ x+.32.00 14-89,,29 19.171. e 89 577°69 61+.1+5 13.90 2„ 22 16016 792°97 $1+2,81+7.96 $122,987°76 1 026.31 126 .8 0 o6 $579871+.2? S44-9-9F57-82 $ 19917.90 $ 1191+12.11+ 39731+ -93 209733oe66 109257.26 19 9 o1+6.69 119928.11 3,025.6 5 11+1+.31+ 19144.88 36-33 21+1.82 _o- 1 66 $28.018.9-7 112, 0 $5639408.35 $369663.51+ 56009071.89 $769611.22 $99298.08 $85009.30 $511+9162.59 -82'- WATERWORKS FUND. BONDS PAYABLE AND INTEREST EXPENSE VILLAGE OF EDINA December 319 1951 -------------------------------------------------- - - - - -- - Interest Bond Interest Principal' Payable Paid Number. Rate Amount in 1952 in 1951 1, Waterwo� °ks Revenue Bonds $ 125,00 $ 125,00 of 191+7 dated July 19 194+7: 175.00 Maturity September 1: .79000.00 .175,00 1952 16. 20 2 1/2% 195 21- 27. do 195 28- 31+ 41 do 1955 35- do 1956 1+2- 48 do,. 2.957 1+9- 56 do 1958 57- 64 2 3/4 1959 65- 72 do 1960 73- 80. do 196.. 81- 90. do 1962 91 -100 do 1963 101 -110 do 1.961+ 111 -120 do 1965 121-130 do 1966 11 1 -140 do 1967 1 1-150 do Total. Bonds Payable at December 319 1951 Total Interest Payable in 19521 $ 59000/00 $ 125,00 $ 125,00 79000,00 175.00 175.00 .79000.00 .175,00 175.00 79000.00 175,00 175,00 79000,00 1.75,00 175,00 89000,00 200,00 200,00 89000,00 220,00 220,00 89000000 220,00 22 0,00 89000,00 220,00. 220,00 109000,00 275.00 275,00 109000,00 275,00 275,00 109000,00 275,00 275,00 109000,00 275,00 275,00 109000,00 275,00 275,00 109000,00 275,00 275,00 10',000200 275,00 275,00 $1359000,00 $3,61o,00 $3,61o,00 Maturities'- September 19 1951 $ 59000,00 TOTAL INTEREST PAYMENTS IN 1951 125,00 $39735000 .8^ 1 GARBAGE FUND BALANCE SHEET VILLAGE OF EDINA •------------------------------------------------------7------------------------------------------ December 31, 1951 ASSETS Cash - c;ur,tent funds o: On. depos: t $29112e95 For deposit 11+5e9O $29258.85 Re�''ef.�3•,�.��I.e� s Cert'.lfied in 1952. collectible in 1952 $888.30 Delinquent receivables assessed � $ 960.83 Ac-cou�nl;s recel,��able - customers 522,05 Due irtz other furlds 4.a +0 1,+87.28 Fixed assets - at 'cost 91e26 r $39839.39 LIABILITIES D ue to etheT f'urids $ 731.96 . Acs aunts payable 19682.80 Surplus iri'rested in fixed assets $ 93.26 Suavplus (excess of income over expense) 13331.32 1,424.63 $39839.39 1 i GARBAGE FUND STATEMENT OF SURPLUS - DEFICIT VILLAGE OF EDINA Year ended December 319 1951 Invested in Fixed Unappropriated Assets _- ---------- •-------------------------___----- _---- _---------------- Balanze at January 19 1951 $ 685033* $93.26 Addit ons s Net income for the year 2001600 BalanMe at December 319 1951. $19331.37 $93.26 * Inaiica ves red figure. COMPARATIVE STATEMENT OF INCOME AND EXPENSE VILLAGE OF EDINA Years ended December 3l9 19519 and 1950 ------------------------------------------------------------------------------------------------- Increase 1951 1950 Decrease* Ser °ice charges and penalties $219892.42 $159890.20 $69002.22 Expenses Collection service $189925.00 $159040.61 $3988+.39 Administrative and generals C1ezrizal services $ 662.10 $ 600000 $ 62.10 Office supplies 1.78062 151.79 26.83 Auditing 110.00 105.00 00 TOTAL EXPENSE 1 2 1 0 0 ,997 °32 NET INCOME -LOSS* $ 2,016.70 $ 7.20* $29023.90 ---------- ---- - - - - -- --- - - - - -- -.. GARBAGE FUND ANALYSIS OF CHANGES IN CASH BALANCES VILLAGE OF EDINA Year ended December 319 1951 ------------------------------------------------------------------------------------------------- Balance at January 19 1951 $ 356075* Additions - Tax settlements received $ 524,06 Collections on customers' accounts $219017,36 Less collections transferred to 'grater Fund 60x6 2120111M 21 06 $219178-31 Deductions s Expense for the year $199875,72 Add accounts payable at December 319 1950 1.1+07.25 2-19-2'92—. qr Less 'liabilities at December 319 19519 Due rather funds- $ 731.96 Accounts payable 1"9682°80 �22 414 1189868.21 Refunds to customers 51025 189919°46 Balance at December 319'1951. $ 29258,85 * Indicates red figure. -87- GARBAGE FUND ANALYSIS OF RECEIVABLES VILLAGE OF EDINA Year ended December 319 1951 ---------------------------------------------------------------------------------------------e--- Other Assessed Customers Funds Total -------------------------------------------------------------------------------------------- Balanoe at January 19 1951 596.59 4.77.68 $4.40 $ 19078.67 Additionss Billings per income statement Cez,tified to County Auditor for collection in 1952 Transfer -from Water Fund, Refunds charged to customers' accounts Ded.u(rt-i.ons s Tax settlement remitted to Village Collections from customers Balance at December 319 1951 * Indieates red figure. 219892.4.2 219892.42 888030 .888030* —o- 6,36 6.36 �'qL'�. _ 1�.�(�� 1.2 919487—.F9 219539.41 `iY ' o "+ 6239028-70' $ 524,06 $ 524,06 2101.16 2101.6 2 0 21'01 21 1. 2 $ 960.83 $ 522.05 $4.40 $ 19487.28 —88— —89— SEWER RENTAL FUND BALANCE SHEET �. VILLAGE OF. EDINA --------------------------------------------------------------------------------------------------- December' 319 1951 ASSETS Cash - current funds: On deposit $129348.45 For deposi-; ..10020 $12 9358,65 Irxnestments - U. So Government securities a at cost 6,000.00 Receivables: o Certified in 1951 - c.olleetible in 1952 $97020 Delinquent receivables assessed 8052 $ 105.72 Accounts receivable - customers 102,30 Due from other funds 75,00, 283002 Fixed assets - at cost 1,032018 $199673085 LIABILITIES Due to other funds $ 825060 Accounts payable 49732e78 Surplus Invested in fixed assets 19032018 Unappropriated (excess of income over expense) 1390$3029 $19,673685 —89— * Ind.ieates red figure. _90_ SEXIER RENTAL FUND STATEMENT OF SURPLUS VILLAGE OF EDINA Year ended December 319 1951 Surplus. Invested Unappropriated in Fixed Surplus Assets Balance at January 19 1951 $129188020 $ 896037 Addition t. Net income for the year. 19030,90 Transfers To surplus invested in fixed assets 135081* 115081 ` Balance at December'31., -1951 $139083.29 $19032.18 * Ind.ieates red figure. _90_ VILLAGE OF EDINA Years ended December 319 19519 and 1950 Operating income: Service charges and penalties Less refunds Expenses s Operatings Sewer maintenance and treatment Labor Supplies Repairs Water Power Rent of equipment Administrative and generals Clerical ® General Fund Stationery and postage. Auditing Miscellaneous Other income TOTAL EXPENSE OPERATING INCOME NET INCOME Increase 1951 1950 Decrease* $129012,40 e0o .. 912,012—;470 $ 89953.26 652,58 65-39 .123.63 200.00 27.79 100 00 81091 $ 662,10 180.87 90,88 11 0 0 955-90 75.00 $ 1,030.90 $1o9465.76 —29,00 T3,09463-76 $ 7,429,44 573083 17.84 9.00 200,00 14007 100 00 9344g. 1 $ 600,00 155,32 70082 826.11-+ 170. 2 19293.. 115.95 $ 19429.39 $19546064 2 00* 19 , $19523.82 78.75 47.55 114.63 -0- 13.72 ®00 $11778.P7- ,77 . 7 $ 62,10 25.55 20006 1O Z. 71 1,886.18 337.51+* 60.95* $ 398.49* -91- PJ SEWER RENTAL FUND ANALYSIS OF CHANGES IN CASH BALANCES VILLAGE OF EDINA Year ended December.319.1951 Balance at January 19 1951 $ 99678.16 Additions: Interest on investments $ 75.00 Tax settlements received 138.61.. Collections on accounts receivable 114926.25 129139.86 Reduction of prepaid expense 200,00 22901 .02 Deductions: Expenses for the year $119056.50 Add liabilities at January 19 1951: Due to other funds $ 63.50 Accounts payable 3.886.94 0 44 .: $159006;94 Less liabilities at December 319 1951: Due to other funds $ 825.60 Accounts payable 1+.712.78 5.558.18 99448.56 Purchase of fixed assets 135.81 Increase in amount due from other funds. 75.00 .92659.37: Balance at December 319 1951 $129358.65 -92- " SEWER RENTAL FUND ANA —SZT'-M =LES VILLAGE OF EDINA Year ended De�:emLber 1, 19,551 Other AssE =.s--;6d 'Ju.stomers Funds, Total Bx1 rj:: a.t January 1., 1951 $147,13 $ 113037 $ -o- $ 260,1+8 Ad.l.i, Jions,., Billings pe'r income statement 129012,1+0 129012,1+0 Vez,,wified to County Auditor for, collection in 1951. 97.20 97020* Interest on investments due fi-cm General Fund 000 00 _ p_ -33 �s 129028-55 r7 / 000 1293r+7- Ded�►�:ty�:��s set -kI lement s remitted to S:i11 age $1:38,61 , 138061 e "ollep,"i- 3ori'.s f �•csm custc -mess 1:L 2$�2 11 26e2 i °'T 11 z o 12 0 $105,72 $ 102,33 $77000 $ 283,02 * In.di gates red fi.guze, -93- r LIQUOR DISPENSARY FUND .BALANCE SHEET VILLAGE OF ED INA December 31, 1951 ------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------- ASSETS Cash - Demand deposits For deposit Working fund Accounts receivable - Customers' NSF checks $379035.02 79853-05 1,000.00 $ 459888-07 150.89. Merchandise inventory - at cost (applied on a first -in, first -out basis)- Liquor $679350.06 Wine 79352.66 Beer 19947.71 Mix 195040 Bitters, etco 76 885.88 , Fixed assets � at cost- Land $169500.00 Land improvements $ 19546.23 Buildings 369900.00 Furniture, fixtures, and equipment 6.931.2)+ 9377. 7 Less allowances for depreciation 6,5281.54 39,095.93 559595.93 Prepaid expenses - Unexpired insurance, bands, etc. $ 676.01 Supply inventory .75.00 751°01 $1799271.78 LIABILITIES Trade accounts payable $ 99004.65 Salaries and wages 1,084.38 Surplus - unappropriated 1699182.75 $1799271..78 -94m LIQUOR DISPENSARY FUND STATEMENT OF SURPLUSS VILLAGE OF EDINA Year ended.December 319 1951 , Appropriated Bonds and Property Total Unappropriated Interest Purchase Balance at January 19 1951 $1069078°79 $ 879514068 $89918.75 $9.9645036 Additions° Net profit for the year 639103.96 639103.96 Transfers -o- 182564.11 89918.75* 9.645°36* Balance at December 319 1951 $1699182075 $1699182.75 $ -o- $ mo- ____ _ ______ _______ ___ ___ ___ R * Indicates red f igure. - -95- .. --LI --UOR DISPENSARY FUND COMPARATIVE STATEMENT OF INCOME AND EXPENSE VILLAGE OF EDINA Years ended December 319 19'I9 and 1950 L Lq or Wine — Sa2. ,:-� s----- �----------------------------------------------- $3239017e90 $31+9114,15 -- Cash c-weY:a.ge39 less tag overages - Note A 11,1 0,60 239129e7 ')349184.175 Less bztt;:ie refunds, Cost' of sales s In`Ten`�o -.7 Jani -;ary is Pc::r� teases Iir,ent,ory Dec-,ember 31st Operating expenses Manage,, Sales olE:i'k Bo kke p8,z' NET SALES COST OF GOODS SOLD GROSS PROFIT PER CENT TO NET SALES Provisioli for depreciations Lane impro v eruent s Buildings Faf -ila ture 9 fixtures 9 and equipment Heat Lig?^s• and power Iz�s';cr ar�,:e hr_d surety bonds S °xppl.` .68 a Selling Ja.- 1I. °.:r Off,3.:e REpai,s s and maintenance Burglar alarm device Maintextrance of parking lot Auditing and a-2co` ntirg Ot-her deduo'.','io ns s Lig7ao` ' r e --erme bonds expenses Ir tei es Fis-al agent's ser trice charge Int- & -re-st on purchase contra;;t X91290733 49184-75 $ 8 :9361.06 2' 33951200-0- X3.1, 6179 73* .150.'o6 231. 2�s00 $ 719606,73 22.16% $279802.79 VP 319 20 3 7.152.6 2 20 $ 99971+.98 29.18% No-156 A - Cash o°Jerages, less the amount by wnish liquor and wine 'wags were c--,,Er register readings 9 have been allv::ated t^ 1'�qr: or and wine sales in amcunALs proportionate to the retail ?alue of net ir:7ertoz7 shortages of liquor and wine, Beer Mix $579766.97 $579766-97 5.768L8 1,99 .1 $ 1,934.29 42.81.90 $44,7.19 1 4� 68. 1 9420820 $ 9,177.66 17.65% $79367.83 $7936` 3O $4 322°'93 0 911+o.o L4,698,71 5 $1,135.99 19.47% Miscel- laneous Total Total $48.5°67 $659620.47 $ 81.76 0 .0 95.40 9109.66 $176.01 36.21+% 20+7 02 2 ,31 .1 $ 29338.92 1+7.672.71 $50,011.65 2.181.16 S47.828.49 $10,489.66 17.99% TOTAL OPERATING EXPENSES OPERATING INCOME NET INCOME $422 9752. .182 �+ . 22,934.9 7.102.12 $415 9 32. a ,5 ®�44 s77 $4009447 01 763885.88 $3233561.26 8 929071037 6,108.00 12'6 �5�-6� 21,193 $ 1,1+76.00 693,28 2,231.1 25802 1+ o.84 la. 15 781.77 .500.21 46.89 393.88 1+35 .72 100000 143.20, 139.80 957.00 2'+ ,19 .• 1 $ 81+3-75 58078 189.,4:2 $ 639103.96 Per Cent 190 to Net Sales. Total 1951 1950 $366,209.32 3 6.088�OQ 30,20.,.9 $ 63,791.$4 115.624.12 $379, 15607%6 02 9281.911.19 $ 767347.50 100.00% 100600% 77& 78.81 22.15% 21.19% $ 59352.40 1.1+7% 1.49% 11,151.20 2.99 3.09 2.4., 00 64 .68 1 sW- 0 .10 .2 $ 61..85 1,76.00 2,21 .64 f 22 .i9 539.92 146.75 732.76 400.66 28.25 407040 114.23 90.00 178.07 138.35 670.00 24.909. 0 519439. $ 2 ?306,25 24066 7 57. '42 3 x.088.24 $ 48071.18 .01% x.16 O 5�� .o6 o4 .19 .12 .01 .10 .11 .02 .03. ..03 .23 .19 02 0 �, 10 6.91% 1 . 14.28% .02% .41 2 :o6 1" . 04 .20 .11 .01 .11 .03 ,902 .05 .04 .20% .O1 2 15.18% .64% .01 13.42% -96- 4.. LIQUOR DISPENSARY FUND ANALYSIS. OF CHANGES IN CASH BALANCES VILLAGE OF EDINA Year ended December 319 1951 -------- --------- ---- ---___ - -- ----- _---- __---- - - -__- -_ -- Increase in liability accounts: Salaries and wages Funds applieds Increase in asset accountss Accounts receivable Decrease in liability accounts: Trade acccounts payable Interest Property purchase contract Bonds pay -able $.'961572.87 $779636.89 $ 852.09 $ 19084.38 $ 113.00 $ 150.89 $ 439964.07. $ 9,004.65 $349959. -2 547,43 5 .7.43 149200.00 149200.00 45,2000,00 45.000, $1039711,50 $ 99004,65 ________ ----------- Total Cash Balance December 319 1951 18993 5.98 G -j2.22 84, 5oi. y6 $1409632.81 $ .37.89 .94 L x%06. �5 94.744, 74 $ 459888.07 -97- " I s LIQUOR DISPENSARY FUND FIXED ASSETS VILLAGE OF EDINA �t Year ended December 319 1951 Assets Allowan_.es, for Dep oc1,,dati6n Net Balaniz -,e - Balance Balan,;ce Balance Balance Janoja.ry December January C u-- ,, -,ent December December 19 1951 Addi.dons 319 1951 19 1951 Provision 319 1951 319 1951 ---------------------------------- _ ---------- -- ___ - -- Land Lard improvemenl': s 9 building 9 and equipments Land improvements Building . Furn ?u, e 9 fixtures, and equipment TOTAL LAND IMPROVEMENTS.'' BUILDIATGy> `AND EQUIPMENT TOTAL $169500.00 $169500.00- $169500.00 $ 19546.23 $ 195°46.23 $ 61,85 $ 61085 $ 123.70 $ 19422.53 3699 090,00 369900.00 29460,00 1.9�f; 6.� „0 3,936.00 329r9�64eo0 - 6.9_-)1,24 6.931.24 12528.56 6ie28 2.221084 4./09040 845937Z,4.i 9 $45.37.474 ,000- 1,2��31y3 869281,54 139.095.92 $6198i7,47 $ -0- $619877047 $49050.4.1 $29c211.13 $69281,54 $55,595.93 J CASH - ALL FUNDS -, VILLAGE OF EDINA -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- December 319 1951 Demand For Working Deposits Deposit Funds Totil Fund: General: Current $1509617.96 $1509617.96 Appropriated $ 150000 15Q.00 Working capital: Current 189082.92* 189082.92* Poor: Current 59784.13 59784.13 Park: Current 6.9179.23- 69179.23 Special. assessments: Current 629890.28 6298902$ Improvements: For bonds and interest 1409331.54 140,3 1.54 For construction 4209006.39 420906.39 Debt service: ' Current 39403.46 39403-.46, Waterworks: Current 3 19435.34 $ 175.99 $ 25.00 319,636.33 Appropriated ..49305000 493Q5.00 Garbage: Current 29112.95 145.90 29258.85 Sewer rental: ° Current 129348.45 10.20 129358.65 Liquor dispensary: Current 379035.02 79853.05 19000.00 45988.07 TOTAL $8589366.83 ----- - - - - -- $89185.14 --- - - - - -- ..$19175000 --- - - - - -- $8679726.97 ----- - - - - -- Depository: First Edina State Bank $8079636.92 Midland National Bank of Minneapolis 509729.91 TOTAL $8589366.83 * Indicates red figures - -- -qqo 3 _100m SECURITY FOR DEPOSITS VILLAGE OF EDINA December 319 1.951 Demand Security for Deposits Deposits Amount Description First Edina State Bank $8079636.92 $1009000.00 United States Treasury bonds, due March 159 1958 1509000.00 United States Treasury bonds, 2 due December 159 195# 759000.00 United States Treasury bonds, 2 -L�, due March 159 1951.3 10,000.00 Federal Deposit Insurance Corporation TOTAL. $8079636.92 $335,000.00 Midland National Bank of Minneapolis $ 509729.91 $ 759000.00 Federal Farm Loan. bonds, 2-j%, due February 19 1955 10,000.00 Federal Deposit Insurance Corporation TOTAL $ 509729.91 $ 859000.00 Note — Subsequent to December 31 19519 an additional deposit of U. So Treasury bonds in the amount of $500,000 was made by the bank to cover deficiency in security. 3 _100m Fund ownership: _ Poor fund $ 29000.00 $2,000.00 Special Assessment Funds: Sewer Districts: Joint No. 1 No. 8 No. 9 No. 13 No. 15 Water Main No. 1 TOTAL SPECIAL ASSESSMENTS Sewer Rental Fund TOTAL 41 $119000.00 2,000.00 51000.00 $5,000°00 2,000.00 3.000.00 $239000.00 9000.00 5.000-00 $289-000 , 00 9000.00 6.000.00 $369000.00 $79000.00 $ -o. $11,000.00 2,000.00 -o- 29000.00 3.000.00 $159000.00. 53000.00 239000.00 6.000.00 $299QOO.OQ -101.® INVESTMENTS VILLAGE OF EDINA -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- December 3T, 1951 Interest Description Maturity Rate Cost United States Treasury Notes April 19 1952 1-7/8% $ 3,000.00 do ''July 19 1952 do 59000.00 do October 19 1952 do 213000-00 299000.00 Sold Balance During Balance January 1, 1951 Year December 31, 1951 �> Fund ownership: _ Poor fund $ 29000.00 $2,000.00 Special Assessment Funds: Sewer Districts: Joint No. 1 No. 8 No. 9 No. 13 No. 15 Water Main No. 1 TOTAL SPECIAL ASSESSMENTS Sewer Rental Fund TOTAL 41 $119000.00 2,000.00 51000.00 $5,000°00 2,000.00 3.000.00 $239000.00 9000.00 5.000-00 $289-000 , 00 9000.00 6.000.00 $369000.00 $79000.00 $ -o. $11,000.00 2,000.00 -o- 29000.00 3.000.00 $159000.00. 53000.00 239000.00 6.000.00 $299QOO.OQ -101.® n i- TAXABLE VALUATIONS9 TAX LEVIES. AND RATES VILLAGE OF EDINA. December 319 1951, and 1950 -- 0 I` -102- 1951 1950 Taxable valuations: Real estate $6,383,685.00 $5,614,356.00 Personal property 715.919-00 $799999604.06 628 414.00 71,2429770-00 Tax le -vies e:xuerded s Extended in year 1951— 1950 Collectible in year 1952 1951 General $ 1969659.03 $ 180,416.05 Parks 149199.21 129485.54 Public nurse -3049-80 - Firemen's relief 709.96 624.28 Bonds and interest 29839.84 - Poor 22129.88 242.77 220, t 81J '.72 �,�6, VP -x 99 - Tax rate by mills: General 27.7 28.9 Parks 2.0 2.0 Public nurse .5 - Firemen's relief Bonds and interest .4 - Poor .3 1.0 '31.0 32.0 0 I` -102- I ORGANIZATION 1 VILLAGE OF EDINA Year ended December 311 1951 -------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------- Elected Term Re- elected or Expires Reappointed to December 31, December 31, Village council& Mayors Dr, Reuben F. Erickson Clerk s Bower Hawthorne rj Tyr ustees s Fred-S, Child Joseph A. Danens Arthur C. Br•edesen9 Jr. Trea surer t John. J. Duggan Assessors Alegi: Creighton Mwilcipal court & Philip Neville& Judge Austin D. Norton' Special Judge Engineerq Executive Offices and Manager& Sidney R,, Mitchell Deplity' clerk& Gre ,then S.. Alden Deputy treasurer& - Bernice` M. Johnson 19,51 1953 1952 1951 1954 1952 1953 1951 • 1953 1952 1952 1952 1951 1952 1951 1952 1951 1952 -103- OFFICIAL BONDS VILLAGE OF EDINA December 319 1951 P o s i t i o n Name On file with Deputy Village Clerks Treasurer Blanket post ii.on On file with County Auditor: Assessor Deputy Assessor do do dri do do do Held by Village Clerks Clerk John J. Duggan Liquor Dispensary employees Alex Creighton Phyllis C. Brown Winifred Creighton Dorothy Fischer Dorothy Otis A. C. Stringer Edwin Y. Daniel Viola Doty Bower Hawthorne ------------------------------ Term Expires --- --- Bond Expires - Amount { Surety --- __ ___________________________________________- December 319 1951 December 319 1951 $ 79500,00 National Surety Corporation January 289 1952 109000,00 Indemnity Insurance Company of North America December 9 1952 December 319 1951 500,00 Anchor Casualty* Company ' December 319 1.951 December 319 1951 500,00 do do do 500,00 do . do do 500,00 do do do 500,100 do do do 500,00 do do do 500,00 do do 500,00 do December 31.9 1952 Januaryq 1952 500,00 Travelers Insurance Co, 0 -104 -' 1 MUNICIPAL COURT FINES VILLAGE OF EDINA Year.ended December 31, 1951 Village County State Total Fines and costs imposed and collected: Balance uncollected January 1, 1951 $ 98.00 $ $ 98.00 Fines and costs imposed 17.781.16 10.00 84.00 '17.875.16 17, 79.1 10.00 7-00 17,9,3.1 Collections by Clerk of Court 17.583.16 10.00 84.00 17,67,2.16 Balance uncollected December 31, 1951 $ 296.00 $ $ $ 296.00 County State Tottall Fines due to county and state from general fund: Balance January 1, 1951 $284.00 $ 6.50 $ 290.50 Collections by general fund 10.00 62.5o 22-50 $294.00 $K.00 5 363-00 Collections by Clerk of-Court not transmitted to general fund 21. a]-50 T2-97. o0 $90-50 9 3 0 Payments to county by general fund 10.00 0.00 Balance December 31, 1951 $284. 90. 0 3 0 Collections by'Clerk of Court not transmitted to general fund: Balance January 1, 1951 $ 22.00 Collections by Clerk of Court .1 6 .16 1-699.1-6 Transmitted,to general fund 7., 1 447. 16 Balance December 31, 1951 (paid in January, 1952) 252-00 INSURANCE (Cont1d) -107- ----------- Fire, Fire and Extended Coverage Theft, and Public Liability Buildings Contents Windstorm Bodily Injury Property Damage Other, ----------------------- ---------- ------- Other insurances Fire only for snow fence $19000000 Non-ownership - automobile liability $ 25 / 509000000 59000000 Hired car - automobile liability 25 / 509000000 59000.00 Waterworks and sewer'cleaning-operation 100 / 2009000000 $5 259000-00 Edina Volunteer Fire Department group accident policy - maximum each fireman 39000000 Workmen's compensation Statutory Note A - 80% coinsurance B - 90, coinsurance C - 100 coinsurance D - comprehensive coverage Note Subsequent to December 319 19519 following an insurance survey of the Village's re- quirements,.the coverages were substantially changed. -107- December 319 1951 h? ' Fire', Fire and Extended - Coverage Theft, and Public Liability Buildings Contents Windstorm Bodily Injury Property Damage Other Buildings and contents: Village Hall $ 49800.00(A) $ _51000o00(A) Tool house - 5150 Brookside 269000.00(A) 59000.00(A) Municipal liquor store 309000.00(A) 1049000.00(B) Water tower 201000.00(C) Pump house #1 500.00(A) 29000o00(A) Pump house #2 19500.00(A) 59000.00(A) Pump house #4 39700o00(A) 69000.00(A) Shed o 5233 Halifax Avenue 39250.00(A) 39000.00(A) Automotive- Highways: 1940 International dump truck $ 19 500, 00 $ 25 / 50, 000.00 $ 59000.00 1941 Reo dump truck 19200.00 25 / 509000.00 59000.00 1944 GMC dump truck - 29800.00 25 / 509 000.00 59:000.00 1947-Diamond T dump truck 39500,00 25 / 509000.00 59000.00 1949 Dodge dump truck 3,500-00 25 / 509 000.00 59'000.00 19 50 International oil distributor 7,40o.00 25 / 509000.00 51000 00 1946 Ford pickup, 19 000.00 2.5 / 509 000.00 .5 000 :00 1946 Ford pickup 19 000.00 25 - / 509 000.00 59,000..00 1947 Ford pickup 19173.00 25' / 509000-00 59 000.00 194f0 Diesal road patrol 2900O.UO 100 / 200,000.00 $5 / 25,000.00 194: Die al road pa ,r o1. 79000.00 100 / 2009 000.00 5 / 259 000.00 1946 M.M.Tractor with lull loader 29250,00 100 / 2009000.00 5 / 259000.00 1951 M.M.Ttacter with lull loader 49500000 100 / 2009000.00 5 / 259000.06 1946 Jari power scythe 3510.00 100 / 2009000.00 5 / 259000000 1942 Toro power-mower 100.00 100 / 2009000.00 5 / 259000.00 1948 ;street sweeper 59100-00 100 / 2009 000.00 5 / 259 0000 00 Miscellaneous equipment 29 0000 00 100 / g009 0000 00 5 /259 000.00 Police department: 1948 Chevrolet Tudor 25 / 509 000.00 5,9 000.00 1950 Chevrolet Tudor 25 / 507000.00 59000.00 Fire departments 4 1942 International fire truck 49000.00 25 / .509000.00 59000.00 1946 American LaFrance fire truck 109 0000 00 25 / 509000-00 59000-00 1948 Willys Jeep fire truck 39630.00 25 / 509000000. 59000.00 Engineering- 1942 Ford Tudor 25 / 509000.00 59-000.00 1950 Chevrolet Tudor 25 / 509000-00 59000-00 Village liquor store: Comprehensive glass breakage Burglary, robbery and theft e within premiums Burglary9 robtery and theft - outside premiums Burglary, robbery and theft e merchandise Business interruption Public liability inn / 9nn_nnn_n'o $ 19300000(D) 19 500.OL (D ) 900.00(D) 19200.00(D) Actual 59 000.00 59 000.00 109 000.00 / 509000.00(A) (/ _in