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Home My WebLink About1953 Balance SheetsBALANCE SHEETS and SUMMARY OF CASH RECEIPTS AND DISBURSEMENTS VARIOUS FUNDS VILLAGE OF-EDINA, MINNESOTA December 31, 1953 00000-- RTIMORE E R N S T& E R N S T P BAKON BIRRM INGHAM BOSTON TTSBURGHIA PORTLAND, BUFFALO PROVIDENNCE CE 'CANTON CHICAGO ACCOUNTANTS AND AUDITORS - READING RICHMOND CINCINNATI ROCHESTER CLEVELAND ST. LOUIS DALE 5 DS SYSTEM SERVICE SAN ANTONI O DAYTON SAN FRAMC SCO DENVER - SEATTLE DETROIT ERIE TOLEDO WASHINGTON ' FORT WORTH WINSTON-SALEM GRAND M I N N EA P O L I S YOUNGSTOWN HOUSTON INDIANAPOLIS KALAMAZOO FIRST NATL• -SOO LINE BLDG TORONTO, CANADA KANSAS CITY LOS ANGELES LOUISVILLE DELIVERY ZONE 2 LORRES POND ENT AT LONDON MEMPHS MIAMI MLWAUKEE MINNEAPOLIS CABLE ADDRESS '�E RN STAU DI T" N. Y. July 9, 1954 To the Village Council Village of Edina, Minnesota We have examined the balance sheets of the various funds of the VILLAGE OF EDINA, MINNESOTA, as of'December 31, 1953, and the related summary of cash receipts, investments' and cash disbursements for the year then ended* Our examination was made in accordance with generally accepted auditing.standards, and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the accompanying balance sheets present fairly the financial position of the various funds of the VILLAGE OF EDINA at December 31, 1953, in conformity with generally accepted accounting principles. Further, it is our opinion that the summaries of cash receipts investments, and cash disbursements for the year ended December 31, 1953, present fairly the activities of the various funds on the basis of receipts and disbursements method of accounting. Certified Public Accountants Our certificate or report upon an audit or examination is delivered to client with the distinct understanding that any advertisement, publication, or copy therefrom; in full 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. f BALANCE SHEETS VILLAGE OF EDINA December 31, 1953 General Poor -------------------------------------------------------=--------------------------------- ----------------------------------------------------------------------------------------- ASSETS Cash: Current funds Appropriated funds Investments: U. S. Government securities - at face value or cost Accrued interest receivable Receivables: Taxes and special assessments: Current Delinquent Deferred Customers Due from other governmental agency Due from other funds Less allowance for delinquent tares Inventories Amount to be provided for Village share of cost of Minneapolis -Saint Paul Sanitary District sewage disposal plant Segregated fund for reserve for debt retirement (cash) Construction in progress Fixed assets Prepaid expenses and deferred charges 37,974.70 $7,215.37 1`;0.00 T-011 0 9 12 8V,�i'S:37 8,757.39 w 271.63 152.00 39.31 52.78.20 61,627.63 3" 10,94 8,257. 271.61 X2,870.29 39.31 526,321.63 $667,816.62 $7,254.68 ----- - - - - -- --- - - - - -- ----------- --- - - - - -- F u n d s Sewer Liquor Park -------------------------- Improvements Waterworks -------- Garbage -------- Rental Dispensary -------- 20622..64 $ 69331',5-54 $29618*96 $ 49597.51 $ 23,669.87 $ 2, 622.67 �j4 -150, 69 S 544 350.69 4. 77. 5o $ 10-77-13T.-0 , $2,61 .96 $ 4 97-51 $ 230.669.7-7 306t000.00 20,000.00 2r000.,00 16 91000.00 499871.67 390.-00� 39-00 209.86 73.05 $ 415,037.14 $ 585.87 3197-,98 $ 776.10 122.67 1,853,482.03 859- 239025.02 810-76 190-30 $ 261.27 4109.35 1.n4.6 4107�. 7 849,60. $+,695.22 2,3019217.7 � 4 6 7-104.69 61,-5 =6. T 2'162.57 ,261.27 585-87 S 49109-35 81-07 29191-376.67 9 6 2 79104.69 ul�586 T6' $ 29162.57 $ 261.27 89634.63 769682.42, .289611-79 179510-00 7299267.88 299611.02 8071505,-23 93626 19553.42 51o341-93 71K,85 821.-79 $36,343.01 $39799t607-03 $892,573.44 S6,33M8 .$249523-36 -$2029794-00 ----------- -------- ----------- BALANCE SHEETS (Cont 1 d) CONTINGENT LIABILITIES There are a number of suits and claims against the Village filed by various individuals, the aggregate of which is approximately $14,500.00. There is no basis upon which to estimate any probable liability, if any, and no provision has been made therefor in the financial statements. * Indicates red figure. General Poor LIABILITIES, RESERVES, AND SURPLUS Current liabilities: Due to other funds 91249.12 Accounts payable 102300.21 537.40 Salaries and wages Canceled assessments refundable Due to Hennepin County Interest payable Water main and sewer connection deposits Construction contracts 581734.30 Current maturities of long.-term debt 6 781283.63 $ 537-40 Long-term debt bonds payable Deferred: Minneapolis-Saint Paul Sanitary Sewer District Reserve for assessment adjustments Unapplied connection charges Surplus: Invested in fixed assets 530,721.63 Appropriated 150.00 Unappropriated 585661.36 6-0717.28 $6679816.62 $7,254.68 CONTINGENT LIABILITIES There are a number of suits and claims against the Village filed by various individuals, the aggregate of which is approximately $14,500.00. There is no basis upon which to estimate any probable liability, if any, and no provision has been made therefor in the financial statements. * Indicates red figure. F u n d S Sewer Liquor Park Improvements Waterworks Garbage Rental Dispensary $ 19535-00 69828.51 3 63-- 5-1 529915-73 51166-35 1,144004 6,842.15 197952.50 89134-86 3469196.16 88.000.00 �75281-351-79 22995,500000 $ 28,611079 81, 8043 115.610.48 V-2261026.60 21112.11 140.56 11836.67 12.000.00 6 1610 U-9-.73 1911000.00 $2109.2.00 $21092.00 $ 6-32 6 , 1337-30 24.42 81860.23 820.15 $ 6,2-0-0.7-2 6 9,704-80 29,611°02 5897033.41 93026 12553.42 512341093 -.14631.52* 117923.63 219887050 37,805°01 74563019 4s152.82 16,769.32 - 141,747027 $36,343001 $37799,607-03 $8927573.44 $67338008 $24,523036 $202,794.00 SUMMARY OF CASH RECEIPTS ( INCLUDING INVESTMENTS) AND DISBURSEMENTS VILLAGE OF EDINA Year ended December 31, 1953 -----------------------------------------------------------------=------------------------ ------------------------------------------------------------------------------------------ �i General Poor Balance.at January 1, 1953 Cash $ 88 701. 59 $5,171.88 Investments 88,701 $5,17 -1.89 - Receipts: Taxes and special assessments $2387714.52 $81205.71 Revenues from State of Minnesota vl 229687.89 188.52 Licenses, permits,--fines, etc. ✓47,510.81 Sales, services, and supplies ✓35,789.45 Proceeds from bond sales Income from temporary investments Other 27436.35 80.00 Interfund receipts - net: /13.59000-00- Revenue Non - revenue 10.4-16.01' TOTAL RECEIPTS 1422 .-03 .2 TOTAL 55d11276.62 $13,646.11 Disbursements: Operating expenses $3029137.46 $69430.74 Capital outlay 188.527.89 TOTAL OPERATING EXPENSES AND CAPITAL OUTLAY f;90-665-35 66 7430.7 Bonds and interest Other 27486.57 Interfund payments - net: .Revenue Non- revenue TOTAL DISBURSEMENTS 93.1 1.92 0. Balance at December 31, 1953 $ 881124.70 ----- - - - - -- $7,215.37 --- - - - - -- Summary of balance: Cash $. 881124.70 $77215-37 Investments (temporary) TOTAL $ 881124.70 $71215037 0 _7 F u n d s Sewer Liquor Park Improvements Waterworks Garbage Rental Dispensary $ 6,451.73 67451.7-3 $16,525.51 2,132.8o $18.658. 2 ,110.0 $6181661° 55 1.267:70 19,929.2 1,058.15 1. _ 00.00 22 4b7.40 S 2,622.64 2,622.64 343,174.06 18 000.00 361)174.76 $ 273,787.99 11559,444.59 5,924 97 71697.48 $1.846.855-03 62120d9029.09 $1,112,064.24 1,112,0 .2 227,47506 9,466.63 83671.77 1 3 57 q 7 0. 850,350.69 6 544,350.69 3063000.00 $6 24,787-93 24,787-93 S 769205.42 80,240.78 50.82 $156 4 497.02 6181)284.95 39,539074 91.476.63 131,016.37 11,585.00 7,618.93 451.61- $150:571-91 $ 30,713.o4 10,713.04 20,000.00 6 21622.64 $ 850,350.69 $ 30,713.04 3,231.14 3,231.1 6 583.65 26,555034 $27. 1 30,370.13 $25,746.68 $25,74 4°49 2 1.1 4,618.96 $ 2,618.96 23000.00 4,618.96 $13 , 306.87 6.000-00 $19 -130 =7 110.85 16,742 20 169..16 104. §17 2 126. $361433. $13,806.95 184. 13,9913 1,844.60 $20,597-151 S 4,597°51 16,000.00 $209597.51 $1179632.27 $117,632.27 $64887363.77 11277.21 50.00 $4892690.98 $607,323.2 i $6398, 210.82 219.85 398,430.67 260.99 135,000.00 �1_ .,00 -- ;70 73,614.59 23669.87.. 493. 44.72 S 73,614.59 ANALYSIS OF OPERATING EXPENSES AND CAPITAL OUTLAY VILLAGE OF EDINA Year ended December 31, 1953 Salaries Total and Wages Operating funds: General Fund: General Government: Council $ 31868.76 $ 39120.00 Municipal court 7,707.32 51244.34 Election 1,262.84 17082.25 Treasurer 637.50 600.00 Assessor 59866070 59301.00 Attorney 29303-65 19227.00 Executive 117872.39 119362.07 Clerical 33,326.93 30,o63.16 Village hall 3,832.81 758.55 Planning Commission 1,409.17 Unallocated 6.268.75 420.80 TOTAL GENERAL GOVERNMENT 78 ,356.82 9,2 9.17 Public safety (police, fire, inspection, etc.) 699355-95 569256.19 Streets and,highways: Engineering and street maintenance $ 118,800.03 $ 687478.60 Sanitation and waste removal 39702.85 29332.38 Equipment maintenance 28,09.43 8,629.76 Tree trimming 312.38 3.164.81 TOTAL STREETS AND HIGHWAYS 1 15434 2 . 2 0 . -TOTAL EXPENSES 3021137. 19 ,110.91 Capital outlay: General government $ 157,832. 0 Public safety 4,8.1. Streets and highways 2 844.1 TOTAL.CAPITAL OUTLAY l 2 . -o- TOTAL OPERATING FUNDS 90, .3 $198,110.91 Poor Fund 61430.74 Park Fund 199929.25 129436.79 Improvement Funds 19112,064.24 Self - sustaining funds: Waterworks Fund 131,016.37 109553.03 Garbage Fund 25,746.68 906094 Sewer Rental Fund 13,9.91..34 19810.14 Liquor.Fund 398,430.67 230261.88 TOTAL $2,198,274.64 $2479079.69 --------------- Operating Expenses Supplies and . Outside Miscel- Capital Outlay Materials Expenses Services laneous Buildings Equipment Improvements 8 -0- $ 89539.55 -0 67602.16 $ 683.02 1+1 2 �1395.77-20 37.50 ,M56 70 - . 65 439.62 31176.25 39001-39 5.664.1+2 17,115.16 10,975.67 199649.99 .806.97 19,769.63 $ 40.226.59 1317.42 $ 11409-17 $ 19409917 1,982.26 $21,709-73 556.60 $220266-33 6259657-76 -0-' 1 S -0- 9768,317-42 $25,657.7-6 6,,43o.71+ 59467.42 22,384-55 132.66 67.27 2411+21.63 11,920.24 3702552.01 4$271.17 $385,693-72 $107,071.23 $61,999.63 ----------- 65.74 85-57 85-39 2.00 7'U'7C-' 87:52 72.87 11.51 $ - 583-32 T -0- -0- 141°83 422.16 6.'go 247 110 . 04 .57 Z86.6' 'S11511 ,R2 8 -o- 1, 110 2 757.31+ 285045 9.30 125,76 $29689.67 -0- -0-- -0- $1549371-85 $ aIJ71:79 44 25'.8a.1 1371 2 85 1410 66 ! 38 61542371 .b5 31+9966.3b -o- -o- $. 89.66 289.03 978067 11,1127064.24 88,324.90 2,761.86 184.39 219.85 $2421696.75 $37,521.51 389-87 61,1139522.44