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HomeMy WebLinkAbout1960 Financial Statements-- 00000 -- AUDITED FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION VILLAGE OF EDINA, MINNESOTA December'31, 1960 -- 00000 -- � INDEX ACCOUNTANTS' REPORT ON AUDITED FINANCIAL STATEMENTS ...... :..PAGE 3 COMMENTS AND ACCOUNTANTS' REPORT ON OTHER FINANCIALINFORMATION ............... 6...................... 4 FUNDBALANCE SHEETS... , ......... o ........... a................ 8 GENERAL FUND: BALANCE SHEET.... ................. ............ 10 STATEMENT OF SURPLUS ....................................... 11 ANALYSIS OF CHANGE IN CASH BALANCE ........................ 12 REVENUE............... ..... :............................:. 13 EXPENDITURES ............... ............................... 14 CENTRALSERVICES ........... ............................... 17 FIXED ASSETS... .......... ................ o.o ........ 18 POOR FUNDS BALANCESHEET... ; ..... 0 ....................... oo .... 19 STATEMENT OF SURPLUS — UNAPPROPRIATED ..................... 20 STATEMENTS OF REVENUES AND EXPENDITURES ................... 20 ANALYSIS OF CHANGE IN CASH BALANCE ........................ 21 PARK FUNDS BALANCESHEET.............: . ............................... 22. STATEMENT OF UNAPPROPRIATED SURPLUS .........:............. 23 ANALYSIS OF SURPLUS INVESTED IN FIXED ASSETS. .............. 23 ANALYSIS OF CHANGE IN CASH BALANCE ........................ 24 REVENUEAND EXPENDITURES ... ............................... 25 FIXEDASSETS ................ 0........................0.... 26 SWIMMING POOL FUND: BALANCE SHEET.. .............: ............................... 27 STATEMENT' OF SURPLUS ....... ............................... 28 ANALYSIS OF CHANGE IN CASH BALANCE........................ 29 STATEMENTOF INCOME AND EXPENSE........ 0 .................. 30 STATEMENT OF INCOME AND EXPENSE (CONCESSIONS ONLY) ........ 31 FIXED ASSETS ............... ............................... 32 PARK SINKING FUND: BALANCE SHEET .........::.. 33 STATEMENTOF SURPLUS ... ... ............................... 34 ANALYSIS OF CHANGE IN -CASH BALANCE ............... .......... 35 BDND.AND INTEREST MATURITIES,- DEFERRED TAX. LEVIES, AND RESERVE FOR UNCOLLECTIBLE TAXES ..... %..I .............. 36 PARK CONSTRUCTION FUND: BALANCESHEET,,., ................ 37 ANALYSIS OF RESERVE FOR CONSTRUCTION ...................... 38 ANALYSIS OF CHANGE IN CASH BALANCE ...................... ... 39 FIXEDASSETS ............... ...:...............g........... 40 INDEX (font °d) IMPROVEMENT FUNDS: COMBINEDBALANCE SHEET.,........... .....................PAGE 41 STATEMENT OF SURPLUS — UNAPPROPRIATED ... ................... 42 ANALYSIS OF CHANGE IN CASH BALANCE ........................ 43 BONDS PAYABLE .............. ............................... 45 WATERWORKS FUND: BALANCE SHEET .............. ............................... 46 NOTES TO BALANCE SHEET . ............................... .... 47 STATEMENT OF SURPLUS ....... ............................... 48 STATEMENTS OF INCOME AND EXPENSE .......................... 49 ANALYSIS OF CHANGE IN CASH BALANCE ........................ 51 FIXED ASSETS .................. ......_........................ 52 SEWER RENTAL FUND: BALANCE SHEET....... ...................... 53 STATEMENT OF SURPLUS ....... ............................... 54 STATEMENTS OF INCOME AND EXPENSE .......................... 55 ANALYSIS OF CHANGE IN CASH BALANCE ........................ 56 FIXED ASSETS ............... ............................... 57 LIQUOR DISPENSARY FUND: BALANCE SHEET.............................................. 58 STATEMENTOF SURPLUS ..................... ............... 59 COMPARATIVE STATEMENT OF INCOME AND EXPENSE ............... 60 COMPARATIVE OPERATING EXPENSES ................................. 61 ANALYSIS OF CHANGE IN CASH BALANCE .............................. 62 FIXED ASSETS .................. ............................... 63 GENERAL: CASH — ALL FUNDS:.......... 64 SECURITY FOR DEPOSITS,00,,,,,,,,,,,,,,, , 65 INVESTMENTS ................ ............................... 66 TAXABLE VALUATIONS, TAX LEVIES AND RATES .................. 67 MUNICIPALCOURT.FINES ................. .................. 68 OFFICIAL BONDS.... o..o.00 ........ ............... ...... 69 INSURANCE COVERAGE., .............. oo..o .................... 70 ORGANIZATION......... ...... ........ .... ......... 71 •��o• ACCOUNTANTS - AUDITORS MANAGEMENT SERVICES ERNST & ERNST FIRST NATIONAL BANK BLDG. MINNEAPOLIS 2, MINN. ACCOUNTANTS' REPORT ON AUDITED FINANCIAL STATEMENTS To the Village Council Village of Edina, Minnesota OFFICES IN PRINCIPAL CITIES ASSOCIATES IN FOREIGN COUNTRIES We have examined the balance sheets of the various funds of the Village of Edina, Minnesota as of December 31, 1960 and the related statements of revenues and expenditures or income and expense and surplus for the year then ended. Our examination was made in accordance with generally accepted auditing stand- ards, and accordingly included such tests of the accounting records and such other procedures as we considered necessary in the circumstances. In our opinion, the accompanying balance sheets and statements of revenues and expenditures, income and expense and surplus present fairly the financial posi- tion of the Village of Edina at December 31, 1960'and its various special funds and the results of their operations for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year. Minneapolis, Minnesota May 19, 1961 130 ERNST & ERNST FIRST NATIONAL BANK BLDG. MINNEAPOLIS 2, MINN. ACCOUNTANTS - AUDITORS MANAGEMENT SERVICES OFFICES IN PRINCIPAL CITIES ASSOCIATES IN FOREIGN COUNTRIES COMMENTS AND ACCOUNTANTS' REPORT ON OTHER FINANCIAL INFORMATION Village of Edina Edina, Minnesota The audited financial statements of the various funds of the Village consisting of balance sheets and statements of revenues and expenditures or income and expense, and surplus and our report thereon are presented in appropriate sections of this report. Financial information not specifically referred to above and financial information contained in the following comments is not considered necessary for a fair presentation of the financial position and results of operations, and is submitted for analytical purposes only. The information shown in the schedules of security for deposits, taxable valuations, tax levies and rates, . official bonds, insurance coverage and organization as presented in the general section of this report was obtained from non — accounting records of the Village or made available to us by the Village, but we did not make an independent audit of them as they do not involve information which enters into the financial state- ments. Other information was derived from the accounting records tested by us as a part of the auditing procedures followed in our examination of the afore — mentioned audited financial statements and, in our opinion, is fairly presented in all material respects in relation to the financial statements taken as a whole. The following comments set forth certain auditing procedures and other matters pertinent to our examination: Cash on deposit at December 31, 1960 was reconciled to balances reported directly to us by the various depositories. Cash on hand at December 31, 1960 for subsequent deposit was also verified to us by the depositories receiving the cash after December 31, 1960. Cash working funds were counted by us. Cash receipts and cash disbursements procedures were reviewed and tested by us for select- ed periods during the year to determine that proper procedures were being followed to control recording of receipts and that proper authorization was provided for disbursements. Village of Edina securities held for investment by the several funds of the Village were inspected by us, and related interest income computations were tested. Amounts receivable from water and sewer rental charges at December 31, 1960 were tested by direct correspondence and by review of the records for subsequent collections. Differences reported were not material and were explained to our satisfaction. Current and delinquent taxes and special assessments and tax settlements received during the year were confirmed by direct correspondence with the County Auditor. We reviewed delinquent taxes reported to us and adjusted the balances to conform to the County Auditor's balances. Transactions pertaining to special assessments receivable were reviewed. -4- Interfund transfers and charges and interfund balances were reviewed by us. We were present at the municipal liquor stores at the time physical inventories were taken. We observed inventory.procedures used by Village employees and tested quantities by independent count of items selected by us. Inventory valuations were tested by refer- ence to vendors' invoices and by tests of clerical accuracy. Additions to and disposals from fixed asset accounts were reviewed by us and verified by inspection of contracts, invoices or other data. Allowances for depreciation charged to operating funds of the Village were reviewed by us. We tested accounts payable by direct correspondence and by reference to disbursements subsequent to December 31, 1960. Canceled bonds and interest coupons redeemed and paid during 1960 were inspected by us. r, Official minutes of the Village Council for 1960 were read by us. Copies of licenses and permits issued during the year were tested to recorded collections. Municipal court fines were verified by inspection of court dockets and violation tickets issued by Police Department. COMMENTS ON FINANCIAL STATEMENTS GENERAL FUND Reference is made to detail schedules elsewhere in this report as to operations of this fund. Such details appear on pages 10 to 18. POOR 'FUND Reference is made to detail schedules elsewhere in this report as to operations of this fund. Such details appear on pages 19 to 21. PARK FUND Reference is made to detail schedules elsewhere in this report as to operations of this fund. Such details appear on.pages 22 to 26. SWIMMING POOL FUND Detail schedules outlining fi . of this report. Attention is related concession operation. on bonded debt issued for the depreciation on swimming pool uncial operations of this fund are shown on pages 27 to 32 directed to the net-loss of $8,018.47 from swimming pool and Such loss is after the provision of $7,878.00 for .interest swimming pool facilities, and the provision of $7,216.07.for facilities. PARK SINKING FUND Reference is made to detail schedules appearing on pages 33 to 36 as to-operations of this fund. PARK CONSTRUCTION FUND Reference is made to detail schedules elsewhere in this report as to operations of this fund. Such details appear on pages 37 to 40. Fixed assets for park purposes amounting to $85,883.02 were purchased during the year. Of this amount $80,000.00 was provided by a transfer of earnings of the Village's two liquor stores. —5— IMPROVEMENT FUNDS Reference is made to detail schedules elsewhere is this report as to operations of these funds and the related Construction Fund. Such details appear on pages 41 to 45 of this report. Construction costs incurred by the Village, other than for park purposes,are accounted for in the Construction Fund which receives the proceeds from sale of permanent and temporary bonds sold for construction or improvement purposes by the various improvement funds. Redemption of these bonds is provided for by levies of special assessments on properties benefited from the construction or improvements. To facilitate tabulation of these special assessments, interest from date of final assessment hearing to December 31st is included as part of project costs. Assessable costs also include a percentage charge in an amount sufficient to reimburse the Village for actual costs of engineering and clerical services properly assignable to the various special assessment projects. The reserve for assessment adjustments represents the excess of assessments over actual costs incurred, less charges where actual costs exceeded the assessments. Also charged to the reserve for assessment adjustments are determinable costs for financed projects on which work had not been done and on-which final disposition is pending. These balances may be used for refunding cancelled assessments. During the year $500,000.00 of Temporary Improvement Bonds of 1959 were redeemed, the redemption being made from funds made available from the sale of $1,800,000.00 of Improvement Bonds of 1960 1st Series. This action terminated the Temporary Improvement Bond fund. WATERWORKS FUND Reference is made to detail schedules elsewhere in this report as to operations of this fund. Such details appear on pages 46 to 52. Net income of the fund for the year amounted to $1,674.91; a decrease of $35,462.79.- The principal reasons for this decrease in net income may be summarized as follows: Increase in depreciation charges included in operating expenses $11,116063 Increase in repair of pumping facilities 4,783.26 Increased cost of material and supplies 5,268.09 Increase in other operating expenses 8,288043 INCREASE IN EXPENSES $29,456.41 Add decrease in income from sales of water, water meters and other services and income on investments 6,006.38 DECREASE IN NET INCOME $35,462.79 SEWER RENTAL FUND Reference is made to detailed schedules elsewhere in this report as to operations of this fund. Such details appear on pages 53 to 57. M LIQUOR DISPENSARY FUND Reference is made to detailed schedules elsewhere in this report as to operations of this fund. Such details appear on pages 58 to 63. Net income of the fund amounted to $207,083.19 for the year. Of this amount $155,000.00 was transferred to other funds of the Village by action of the Village Council. SECURITY FOR DEPOSITS Reference is made to schedule on page 65 of this report showing details of deposits of the Village and securities pledged as collateral thereof at December 31, 1960. . Security for deposits at the-Midland National Bank and Fidelity Bank and Trust Company were inade- quate with respect to compliance with the provisions of M. 'S. A. Section 118.01 which prohibit the.Treasurer from maintaining a deposit .in excess of ninety percent of the market value of the collateral pledged exclusive of amounts covered by federal deposit insurance. Fidelity Midland Bank and National Bank Trust'Companv Balance on,deposit $527,906.06 '$1,050,000.00 Security for deposit: Collateral of 90% of market $443,621.03 $ 952,771.50 Federal Deposit Insurance 10.000.00 10.000.00 $453,621.03 $ 962,771.50 MUNICIPAL COURT Included in court cash are various adjustments dating to 1957 which as yet have not been properly recorded by the court. To correct the court cash records the following adjust- ments are required: 1. Record miscellaneous bank charges, etc. dating back to 1957 by a.credit to cash of $5.59 and a charge to bank service charges. 2. Remit to the Village Treasurer the amount of $15.12 representing miscel- laneous credits, errors, etc. which amount is presently on deposit in the bank account. This should be accomplished by the issuance of a check in the amount of $15.12 to the Village Treasurer which will be recorded as a credit to,cash and a charge to miscellaneous refunds. PUBLICATION OF FINANCIAL STATEMENTS A detailed financial statement was not prepared and published or posted as required by M S. A. Section 412.281. Minneapolis, Minnesota May 19, 1961 —7— FUND BALANCE SHEETS VILLAGE OF EDINA December 31, 1960 ASSETS Cash: Current funds Appropriated Amounts segregated and shown below Investments: Village of Edina Bonds - at face value or cost Receivables: Taxes and special assessments: Current Delinquent Deferred Customers Due from other funds Miscellaneous receivables Less allowance for delinquent taxes Inventories Prepaid expenses Segregated cash for reserve for debt retirement Construction in progress Fixed assets Unallocated construction cost F u. n d s _ — Swimming Park Park Sewer Liquor Total General Poor. Park Pool Sinking Construction Improvement Waterworks Rental_ Dispensary $ 251,538.94 $ 109351.04 $11,927.35 $ 38,044.39 $ 6,671.90 $ 123,143.04 $17,222.60 $ 44,178.62 1,332,711.46 _ _ � 29,646.68 $ 24,113.20 $ 1,2.59,263.70 19,687.88 $ 19584,250.40 $ 10,351.04 $11,927.35 $ 38,044.39 $ 6,671.90 $ 29,646.68 $ 24,113.20 $ 1,259,263.70 142,830.92 $17,222.60 $ 44,178.62 C 48,567.75) _ 48,567.75) 1,535,682.65 10,351.04 $11,927.35 38,044.39 6,671.90 29,646.68 $ 24,113.20 1,259,263.70 94,263.17 $17,222.60 /+4,178.62 639,866.81 • E = 96,000.00 $ 1,171,127.86 $ 34,277.07 266,589.94 $ 17,642.34 300.27 _1,477.00 6,412,139.38 1,035,000.00 50,954.84 351,630.73 183,504.57 $ 750.00 12,250.50 _ 7,682.77 7,572.10 25.00 __ _ $ 8,260,125.52 $ 208,719.01 325.27 0 1,477.00 $ 750.00 $1,081,527.57 $ - 507,546.51 27,320.30 1:,136, 583.39 $ 267.40 247,170.33 5,3.77_,139.38 36,734.•44 14,220.40 147,569.75 7055.91 L 85.67 $ 6,908,462.85 $ 44,290.35 $14,487.80 $ 85.67 _ 644,215.74 17,64 300.27 1,477.00 47,632.07 5771, 64.06 _ 7,615,909.78 $ 1919076.67 $. 25.00 $ - $ 750..00 $1,033,895.50 $ $ 6,331,298.79 $ 44,290.35 $1494817.80 $ 85.67 247,260.92 109000.00 109520.09 226,740.83 24,991.34 23,831.77 278.35 881.22 48,567.75 1,904,638.15 59492,653.98 1,156,973.84 271,948.05 195,715.33- 82,093.95 — — — — $17,591,665.33 $1,368,401.55 $20,952.35 $309,992.44 $203,137.23 I 617,606.34 $1,063,542.18 $737,719.54 .48,567.75 1,904,638.15 3,135,715.82 82,0.93.95 $10,108,672.87 $3,333,635.53 18,461.41 96,233.19 $50,171,81 $395,439.83 10 LIABILITIES, RESERVES AND SURPLUS Due to other funds Accounts payable Salaries and wages Cancelled assessments refundable Due to Hennepin County Interest payable Construction deposits Edina Firemen's Relief Association Construction contracts Minneapolis -Saint Paul Sanitary District Unexpended contributions Reserve for future bond interest Bonds payable Reserve for assessment adjustments Reserve for construction Surplus: Invested in fixed assets Appropriated: For imprest cash For debt service For improvements Unappropriated ( ) Indicates deduction. FUND BALANCE SHEETS (Cont'd) F u n d s Swimming Park Park Sewer Liquor Total. General Poor Park Pool Sinking Construction Improvement Waterworks Rental Dispensary 351.,630.73 88,577.53 9,157.32 1,842.11 11,110.10 71.,716-58 291;390.72 13,646.76 322,219.35 ,10,975.08 14,169.77 340,560.00 9,7299000.00 :52,927.27 133,120.17 53,755.25 14,476.07 $ 2,632.24 3,516.46 2,798.90 13,646.76 750.00 $ 12,250.50 1,837.79 293.69 2,425.42 14,169.77 $ 340,560.00 690,000.00 14,264.00 105,849.20 4,960,653.98 1,156,973.84 271,948.05 195,715.33 617,606.34 40o.00 400.00 68,255.63 10,709.75 10,709.75 1,109;602.48 112,124.52 18,320.11 18,861.41 5,122.29# _ 32,982.18 $17,591,665.33 $1,368,401.55 $20,952.35 $309,992.44 $203,137.23, $1,063,542.18 $737,719.54 283;572.98 1,302.00 3;605.18 14,055.33 $23,349.49 14,063..74 627.20 492.49 2,095.75 1,842.11 66;466:08 5,250..50 .2889591.82 322,219.35 10,975.08- 8, 507°;000.00 532, 000.00 =52,927.27 27.;270.97 2,603,715.82 18,461.41 96,233.19 68,255.63 533,.091.93 108,429.05 _7,868-42 283,047.15 $10,108;672.87 $3,333,635.53 $50,17.1.81 $3959439.83 GENERAL FUND BALANCE SHEET VILLAGE OF EDINA December 31, 1960 ASSETS Cash: Demand deposits Time deposits Working funds Receivables: Due from other funds: Construction Fund Sanitary Sewer No. 53 Waterworks Fund Accounts receivable Supply inventory - estimated Advance to Construction Fund Taxes receivable - delinquent Less allowance for delinquent taxes Fixed assets 1,951.04 8,000.00 9,951.04 _ 04 0.00 $ 10,351.04 82,175.92 26.65 1,302.00 $ 83,504.57 7,572.10 91,076.67 10,000.00 100,000.00 $ 17,642.34 17,642.34 - 1,,156,973.84 $1,368,401.55 LIABILITIES AND SURPLUS Due to other funds: Construction Fund Waterworks Fund Accounts payable: Trade accounts Accrued payroll Edina Firemen's Relief Association Sundry deposits Appropriated surplus: Invested in fixed assets Contributed - invested in fixed assets Reserve for commitments For imprest cash Surplus - unappropriated $1,086,901.18 70,072.66 $ 46,199.34 7,555.91 $ 53,755.25 $ 14,476.07 3,516.46 13,646.76 2,798.90 34,438.19 1,156,973.84 10,709,75 400.00 1,168,083.59 112;124-52 24.52 $1,368,401.55 -10- GENERAL FUND STATEMENT OF SURPLUS VILLAGE OF EDINA Year Ended December 31, 1960 Total APPROPRIATED Balance at January 1, 1960 $1,093,943:07 Additions (deductions): Transfers from unappropriated surplus: For fixed assets - net 84,331.89 Fixed assets retired ( - 9,401.12) For commitments ( 790.25) Balance at December 31, 1960 $1,168,083:59 UNAPPROPRIATED Balance at January 1, 1960 Deductions: Expenditures - see separate schedule Less revenue - see separate schedule Less transfer from surplus General Fund share of construction costs Village share of cost of traffic signals - Highway 100 Invested in For Imprest For Fixed Assets Contributed Cash Commitments $1,012,768.86 $ 69,274.21 $ 400.00 $ 11,500..00 83,533.44 798.45 ( 9,401.12) ( 790.25) $1,086,901.18 $ 70,072.66 $ 400..00 $ 10,709.75 $180,975.06 $975,684.11 $1,009,134.91 51,3900 957,739.91 $ 17,944.20 46,199.34 4,707.-00 68, 850. Balance at December 31, 1960 $112,124.52 -11- GENERAL FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1960 Balance at January 1, 1960 Additions: Receipts - per separate schedule Collections of amounts due others: Waterworks Fund Edina Firemen's Relief Association Other Collection made on accruals at December 31, 1959 Collection of advance to Construction Fund Other Deductions: Disbursements - per separate schedule Charges to accounts receivable and other funds Payment on accrua.ls'at December 31, 1959: Trade accounts Accrued payroll Edina Firemen's Relief Association Due to other funds Village share of cost of traffic signals 1 l $879,104.70 $ 7,555.91 13,646.76 — 11.85. 21,214.52 54,583.74 23,381-43 50,000.00 20.50 _ 973,721.15 (1,028,304.89 $959,338.72 12,526.57 $20,138.21 3,526.09 11,163.53 6,938.96 41,766.79 Highway 100 4,707.00 Other _ 14.77 1,018,353.85 Balance at December 31, 1960 $ 9,951.04 Summary: Demand deposits Time deposits $1,951.04 8,000.00 TOTAL $99951.04 -12- GENERAL FUND REVENUE VILLAGE OF EDINA Year Ended December 31, 1960 Actual Revenue Over- Under* Estimated Estimated Receipts Accruals Revenue Revenue Revenue Real and personal property taxes $582,500.83 582,500.83 $5871521.00 $ 5,020.17# Other taxes 20,475.40 20,475.40 11,000.00 9,475.40 Bicycle licenses 494 :00 494.00 250.00 244.00 Beer and liquor licenses 1,692.50 1,692.50 1,325.00 367.50 Cigarette licenses 704.00 704.00 696.00 8.00 Dog and impounding fees 4,755.50 4,755.50 3,500.00 1,255.50 Food and soft drinks 942.00 942.00 900.00 42.00 Gas pump licenses 695.00 695.00 630.00 65.00 Bowling, taxi, pinball, etc. 2,655.00 2,655.00 1,695.00 960.00 Plumbing licenses 2,750.00 2,750.00 2,250.00 500.00 Scavenger and garbage collec- tors 352.00 352.00 265.00 87.00 Building permits 16,909.00 16,909.00 18,000.00 1,091.00# Cesspool and sewer permits 4,311.00 4,311.00 2,500,00. 1,811.00 Plumbing permits 8,489.61 8,489.61 5,000.00 3,489.61 Sign permits 3,686.58 3,686.58 3,000.00 686.58 Street opening fees 800.00 *$ 1,302.00 502.00 300.00 202.00 Electrical permits 6,000.00 6,000..00# Engineering, clerical, searches 68,371.01 72,950..74 141,321.75 130,000.00 11,321.75 Police and fire service 5,000.00 5,000.00 5,000.00 - Equipment rental 9,194.66 9,194.66 5,000.00 4,194.66 Municipal court fines 46,741.00 46,741.00 55,000..00 8,259.00# Income on investments 166.96 166.96 166_.96 Board and room of prisoners 117.60 117.60 700.00 582.40# State apportionments - highway 27,602.00 27,602400 30,000.00 2,398.00# State apportionments - liquor _ and cigarettes 24,956.04 24,956.04 21,000.00 3,956.04 Contributions from active funds 32,5,50.00 32,,550.00 32,550.00 - Charges to other funds 7,500.00 71500.00 7,500.00 - Sale of fixed assets 150.00 150.00 100.00 50.00 Discount earned 1,108:80 5.97 1,114.77 1,114.77 Planning fees 1,018.00 1,018.00 1,018.00 Other revenue 4,016.21 376.50 4,392.71 2,010.00 2,38.2.71 Transfers - Reserve-for encumbrances 4,000.00 4,000.00 4,000.00 - Transfers - Surplus - unappropriated 51,395.00 51,395.00 51,395.00 - TOTAL $879,104.70 $136,030.21 $1',009,134.91,$989,087-00 . $20,04.7-91. # Indicates red figure'. -13- GENERAL FUND' EXPENDITURES VILLAGE OF EDINA Year Ended December 31, 1960 -14- Encum- Appro- Unexpended Disbursements brances Expenditures priations Balance_ GENERAL GOVERNMENT Mayor and Council $ 8,955.88 $ 8,955.88 $ 9,019.00 $ 63.12 Planning 10,650.97 $ 515.57 11,166.54 11,389.00 222,46 Administration: Personal services $ 34,944.06 $ 34,944.06 $ 35,040.00 $ 9594 Contractual services 4,106.94 $ 40.08 4,147.02 4,228.00 80.98 Commodities 93.43 14.54 107.97 125.00 17.03 Fixed charges 7,272.00 7,272.00 7,272.00 - TOTAL ADMINISTRATION $ 46,416.43 _ $ 54.62 $ 46,471.05 $ 46,665.00 $ 193.95 .Finance: Personal services $ 25,275.49 $ 25,275.49 $ 25,370.00 $ 94.51 - Contractual services 2,980.55 2,980.55 3,008.00 27.45 Commodities 23.54 23.54 50.00 26..4.6 Fixed charges 4,368.00 - TOTAL FINANCE $ 32,647.58 $ - _x4,368.00 $ 32,647.58 _4,368.00 $ 32,796.00 $ 148 -42 Municipal court: Personal services $ 15,926.45 $ 33.00 $ 15,959.45 $ 15,994.00 $ 34.55 Contractual services 2,091.57 132.00 2,223.57 2,850.00 626.43 Commodities 497.13 497.13 600.00 102.87 Fixed charges 3,876.00 3,876.00 3,876.00 - TOTAL MUNICIPAL COURT f-22,391.15 _ 165.00 22,556.15 6 23,320.00 S 763.85 Elections 7,504.49 7,504.49 79600.00 95:51. Assessing: Personal services $ 28,447.12 $ 28,447.12 $ 28,450.00 $ 2.88 Contractual services 2,566.98 $ 51.92 2,618.90 2,626.00 7.10 Commodities 206.81 16.20 223.01 250.00 26.99 Fixed charges 3,684.00 _ _3,684.00 3,684.00 - TOTAL ASSESSING $ 34,904.91 $ 68..12 $ 34,973.03 $ 35,010.00 $ 36.97 Legal services 15,594.80 5,647.30 21,242.10 22,385.00 1,142.90 Library 2,58 0.40 _ 126.99 _2,707.39 _ 2,773.00 _ 65_61 TOTAL GENERAL GOVERNMENT $181,646.61, $ 6,577.60 $188,224.21 $190,957.00 $ 2,732.79 ENGINEERING Personal services $ 72,524.91 $ 72,524.91 $ 72,940.00 $ 415.09 Contractual services 30.75 30.75 421.00 390.25 Commodities 1,840.14 $ 63.92 1,904.06 2,820.00 915.94 Fixed charges 11,376.00 11,376.00 11,376.00 - TOTAL ENGINEERING $ 85,771.80 $ 63.92 $ 85,835.72 $ 87,557400 $ _ 1,721.28 PUBLIC WORKS Administration and Overhead: Personal services: Supervision and clerical $ 29,010.51 $ 29,010.51 $ 29,024.00 $ 13.49 Training 813.11 813.11 820.00 6.89 Paid leave 11,736.E 876.36 12,612.60 12,600 __ TOTAL ADMINISTRATION AND OVERHEAD $ 41,559.8,6 $ 876.36 $ 42,436.22 $ 42,458.00 $ 21.78 -14- GENERAL FUND EXPENDITURES (Contad) -15- Encum- Appro- Unexpended Disbursements brances Expenditures priations Balance PUBLIC WORKS (Cont'd) Street maintenance:' General $ 62,047.02 $ 1,469.49 63,516.51 $ 63,521.00 4.49 Patching 48,338.38 400.19 48,738.57 48,780.00 41.43 Street cleaning 10,624.31 10,624.31 10,648.00 23.69 Sealing 18,374.88 39.00 18,413.88 18,415.00 1.12 Curb repair . 600.00 600.00 600.00 - Snow and ice removal 14,208.66 655.68 14,864.34 14,870._00 5.66 TOTAL STREET MAINTENANCE $154,193.25 $ 2,564.36 $156,757.61 $156,834.00 $ 76.39 Street lighting 36,565.96 .49 36,586.45 36,590.00 3.55 Street name signs: General $ 4,724.10 $ 86.98 $ 4,811.08 $ 4,814.00 $ 2.92 New sign installation 373.67 2.00 14 5.67 24 0.00 4.33 TOTAL STREET NAME SIGNS $ 5,097.77 128.98 $ 5,226.75 $ 5,234.00 $ 7.25 Traffic control: Sign maintenance $ 4,446.04 $ 7.25 $ 4,453.29 $ 4,454.00 .71 Signal maintenance 3;111.27 199.32 3,310.59 4,006.00 695.41 Pavement marking 2,279.16 2,279.16 2,280.00 :84 Guard rail maintenance 1,604.99 93.09 1.698.08 1,700.00 1.92 TOTAL TRAFFIC CONTROL 11,441.46 $ 299.66 11,741.12 $ 12,440.00 $698.88 Bridges: General maintenance $ 487.06 $ 2.50 $ 489.56 $ 496.00 $ 6.44 Repair program 410-90 410-90 _ 419.00 8.10 TOTAL BRIDGES $ 897.96 $ 2.50 $ 900.46 $ 915.00 $ 14.54 Storm drainage: Storm sewers $ 12,564.49 $ 19.52 $ 12,584.01 $ 12,590..00 $ 5.99 Temporary 5,173.81 5,173.81 5,180.00 6.19 Pumping 5,305.80 35, 05.80 x:310.00 4.20. TOTAL STORM DRAINAGE 3,044.10 $ 19.52 _ $ 23,063.62 $ 23,080.00 $ 16.38 Village properties: Turf care $ 6,345.62 $ 39.04 $ 6,384.66 $ 6,390.00 $ 5.34 Plantings 280.75 280.75 300.00 .19.25 Tree trimming 1,860.49 199.28 2,059.77 2,065.00 5.23 Tree spraying 614.36 614.36 625.00 _ 10.§4 TOTAL VILLAGE PROPERTIES $ 9,101.22 $ 238'.32 $ 9,339.54 $ 99380.00 $ 40.46 Noxious weed control 985- 985.48 _ 1,000.00 14. 2 TOTAL PUBLIC WORKS $282,907.06 $ 4,130.19 $287,037.25 $287,931.00 F--893.75 PROTECTION OF PERSONS AND PROPER T Y Police_ Protection: Personal services $136,907.71 $136,907.71 $1379084,00 $ 176.29 Contractual services 3,125.61 $ 111.10 3,236.71 3,274.00 37.29 Commodities 2,273.56 229.75 2,503.33 2,597.00 93.67 Fixed charges 24,86L..00 _ 24,864.00 24,864.00 - TOTAL POLICE PROTECTION $167,170.90 $ 340.85 $167,511.75 $167,819.00 $ 307.25 -15- PROTECTION OF PERSONS AND PROPERTY (Cont 1d) Fire protection: Personal services Contractual services Commodities Fixed charges TOTAL FIRE PROTECTION Civilian defense Public health Animal control Inspection TOTAL PROTECTION OF PERSONS AND PROPERTY .NON- DEPARTMENTAL Contingencies Settlement of suits. Special assessments on village property TOTAL NON- DEPARTMENTAL CENTRAL SERVICES See separate schedule attached TOTAL OPEP,ATING EXPENSES CAPITAL OUTLAY Administration Municipal court Elections Engineering Public works Police Fire Civilian defense Inspection Contingencies Special assessments on Village property Unallocated capital outlay TOTAL CAPITAL OUTLAY RESERVE FOR COMMITMENTS Planning Police Fire TOTAL RESERVE FOR COMMITMENTS TOTAL EXPENDITURES x Indicates red figure. GENERAL FUND EXPENDITURES (Cont'd) Encum- Appro- Unexpended Disbursements brances Expenditures priat.ions Balance $ 67,792.15 $ 67,792.15 $ „67,898.00 $ 105.85 1,563.56 $ 41.47 1,605.03 1,630.00 24.97 1,061.00 46.33. 1,107.33 1,108.00 .67 1o,416.00 1o,416.0o lo_,�16.00 - 80,832.71 $ 87.80 80,920.51 81,052.00 $ 131.49 874.05 18.75 892.80 1,405.00 512.20 3,171.16 31.22 3,202.38 3,350.00 147.62 3,286.50 308.90 3,595.40 3,750.00 154.60 18, 74 1.14 _ _ _18,471v14 _18,775.00 _ 303.86 $273,806.46 $ 787.52 $274,593.98 $276,151.00 $ 1,557.02 $ 3,524.21 $ 107.29 $ 3,631.50 $ 4,500.00 $ 868.50 1,112.55 100.00 1,212.55 1,225.00 12.45. 26 7, 74.53 7 6 _ 26.x# 26 , 47,88 2,760..00 12.12 $ 31,411.29 $ 180.64 $ 31,591.93 F 32,485000 F 893.07 25,128,69 916.83 26,042 27,850. -00 .1,804.48 $880,671.91 $12,656.70 $893,328.61 $902,931.00 $ 9,602.39 $ 973.80 $ 973.80 $ 1,035.00 $ 61.20 276.85 276.85 295.00 18.15 39,778,50 $ 71.40# 39,707.10 40,015.00 307.90 450.00 450.00 905.00 455.00 23,688.58 634.57'" 23,054.01 25,005. -00 1,950.99 5,533.15 986.56 6,519.71 6,670.00 150.29 4,323 ®73 198.35 4,522.08 4,825.00 302.92 7.22 7.22 100.00 92.78 1,391.00 1,391.00 1,500.00 109.00 747.52 747.52 800000 52.48 300.15 300.15 1,196.31 _ _1,196.31 $ 78,666.81 $ 478.94 $ 799145.75 �9�9_ 338_72 $ 3,000.00 73.30 13 $ 3,209.72 t16 345_39 $ 3,000.00 73.30 136.45 $ 3,209.75 $27� 68/x.11 315.00 1,391.00 $ 82,856.00 $ 3,000.00 100.00 200.00 L 3,300.00 t2g9 87.00 14.85 194.69 $ 3,710.25 26.70 63.55 $ 90.25 1131/402. g9 -16- General: Contractual services Commod i t i e's Village Hall: Persan'al services Contractual services Commodities Fixed charges Garage Equipment operati7on: Personal services Contractual service's Commodities Fixed charge's Gasoline and fuel oil Tires and tubes Lubricants Parts and accessories Less allocation to other departments and funds TOTAL * Indicates red figure. GENERAL FUND CENTRAL SERVICES VILLAGE OF EDINA Year Ended December 31, 1960 Encum- Disbursements brances $ 69,953.37 643.35 5,710.75 127.51 75,664.12 770.86 $ 5,441.01 25.40 5,974.91 681.00 897.38 1.28 480.00 12,793:.30 $ 707.68 4,744.66 439.47 Appro- Expenditures priations $ 70- ,596:.72 $ 70,690.00 5,838.26 5,900.00 $ 76,434.98 6 76,590000 5,466.41 $ 5,545.00 6,655.91 7,125.00 898.66 1,610.00 480.00 480.00 13, 500.98 $ 14, 760'. 00 5,184.13 5,024.00 Unexpended Balance $ 93.28 61.74 $ 155.02 $ 78.59 469.09 711.34 $1,259.02 160:.13# 19,047.55 , $ 564.97 $ 19,612.52 $ 19,625.00 $ 12.48 12,627.18 469.83 13,097.01 13,578.00 480.99 4,379.86 114.38 .4,494.24 4,500.00 5.76 3,060.00 3,060.00 3,060.00 - 16,030.14 2,966.56# 13,063.58 13,075.00 11.42 4,615.62 119.92 4,735.54 4,750.00 14.46 2,504.85 .294.15 2,799.00 2,800.00 1.00 16,733.41 402.13 17.135.54 17,160.00 24.46 78,998.61 $1,001.18* 77,9 97.E 78,548.00 0.57 $172,200.69 $ 916.83 $173,117.52 V174,922.00 $1,804.48 147,072.00 147,072.00 147,072.00 - $ 25,128.69 $ 916.83 $ 26,045.52 $ 27,850 -.00 $1,8C4.48 -17- GENERAL FUND FIXED ASSETS VILLAGE OF EDINA Year Ended December 31, 1960 -18- Balance Balance January December 1, 1960 Additions Deductions 31, 1960 - Land 128,805.66 $ 128,805.66 Land improvements 91,979.30 $ 300.15 92,279.45 Buildings 360,655.75 541.52 361,197.27 Furniture and fixtures 41,969.52 1,969.40 43,938.92 Equipment:. Highway 225,456.39 .23,599.89 249,056.28 Police 25,463.78 10,394.65 $9;401.12 26,457.31 Fire 70,228.21 4,522.08 74,750.29 Election 40,310.83 39,707.10 80,017.93 Engineering 18,397.18 450.00 18,847.18 Traffic signals 52,197.80 1,448.88 53,646.68 Executive 1,834.15 1,834.15 Miscellaneous 24,744.50 1,398.22 _ 26,142.72 TOTAL $1,082,043.07 $84,331.89 $9,401.12 $1,156,973.84 -18- POOR FUND BALANCE'SHEET VILLAGE OF EDINA December 31,1960 ASSETS Cash: Demand deposits Time 'deposits Investments: Village of Edina- 2.7% Improvement Bonds of 1958 at face value Village of Edina - 2.5% Waterworks Revenue Bonds of 1955 at face value Receivables: Relief grant — State of Minnesota Delinquent taxes Less allowance for delinquent taxes LIABILITIES AND SURPLUS Accounts payable Surplus - unappropriated $ 927.35 11.,000.00 $11,927.35 $5,000.00 4,000.,00 9,000.00 $ 25.00 $300.27 300.27 - 25.00 $20,9.52-35 $ 2,632.24 1$,320°11 $20,952.35 -1� Balance at January 1, 1960 Deductions: Net loss for year POOR FUND STATEMENT OF SURPLUS - UNAPPROPRIATED VILLAGE OF EDINA Year Ended December 31, .1960 Balance at December 31, 1960 STATEMENTS OF REVENUES AND EXPENDITURES Revenue receipts and accruals: Tax settlements Relief grants - State of Minnesota Income on investments Polio Clinic Refunds Disbursements and accruals Suburban Hennepin County Relief Board: Relief orders Administration Rural Hennepin County Nursing Committee Professional services Polio Clinic costs Other NET (LOSS) - INCOME 1960 1959 $7,823°99 $ 7,904,08 73054 133.40 316.85 968.56 — 1,878.05 10000 $8,214,38 $10,894,09 $3,041,52 $ 3,543°63 52892 293.61 4,579°68 4,579068 100000 100.00 - 1,648,64 62,00 18,250.12 $10,227056 ($ 35.74) $ 666053 $18,355.85 35074 $18,32Qo11 Increase $ 80,09* 59,86* 651,71* 1,878,05# 10,00* $ 2,679.71* $ 502,11* 235°31 1,648,64* 62.00# $ 1,977044* $ 702.0 27* -- =-- - -'- -- -20- POOR FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1960 Balance at January 1, 1960 Additions: Tax settlements received: March, 1960 June, 1960 November, 1960 Relief grants - State of Minnesota Income on investments Decrease in accounts receivable .Increase in accounts payable Deductions: Payment to Suburban Hennepin County Relief Boards Relief orders Administration Rural Hennepin County Nursing Committee Professional services Summary: Demand deposits Time deposits TOTAL $ 9,372.40 $ 741.01 3,953.36 3,129.62 $7,823.99 73.54 316.85 29..39 2,561-30 lmd5.07 $20,177047 $3,041.52 528.9 $3,570:44 4,579.68 100,00 8,250.12 Balance at December 319 1960 $11,927.35 $ 927.35 11,000.00 $11,927.35 -21- PARK FUND BALANCE SHEET VILLAGE OF EDINA December 31, 1960 ASSETS Cash: On deposit 38,044.39 Receivables: Taxes receivable - delinquent 1,477.00 Less allowance for delinquent taxes _ 1,477_00 - Fixed assets 48.05 $309,992.44 LIABILITIES AND SURPLUS Payables: Trade.accounts Salaries and wages Due to other funds Unexper,1 --i contributions for specific purposes: Landscraping buffer strip west of library Cascade pumping Dwight Williams Memorial-Park Wooddale Park —improvements and recreation program Cornelia Lake Park - improvement Edina Swim Club Park District No. 2 Park District No. 3 Park District No. 4 Park District No. 5 Figure skating and skiing instructors' salaries Appropriated surplus: Invested fixed assets Contributed: Property and special assessments paid by General Fund Property donated by others, Surplus - unappropriated 207.53 723.97 58.95 575.00 150.00 112.32 6,185.00 1,300.00 3,400.00 500,00 957.00 $111,311.01 10,338.66 $ 1,837.79 2,425.42 750.00 14,169.77 $ 19,182.98 $150,298.38 .1 121,649.67 271,948.05 .18,861.41 $309,992.44 X22- PARK FUND STATEMENT OF UNAPPROPRIATED SURPLUS VILLAGE OF EDINA Year Ended December.31, 1960 Balance at January 1, 1960 Additions: Revenues for year (see separate schedule for details) Deductions: Expenditures for year (see separate schedule for details) Balance at December 31, 1960 ANALYSIS OF SURPLUS INVESTED IN FIXED ASSETS Balance at January 1, 1960 Additions for the year: Special assessments paid by General Fund Donations: From Junior Baseball. League From unappropriated surplus Balance at December 31, 1960 Contributed $ 13,462.29 105 618.87 $119,081.16 100,219. -75 $ 18,861.41 By General Fund Direct by Payment Investment of Special in Fixed Combined Assessments By Others Assets. $230,390.15 $ 84,536.48 $ 9,988.66 $135,865.01 26,774.53 26,774.53 350.00 350.00 14,433,37 _ 14,433.37 $271,948.05 $111,311.01 $10,338.66 $150,298.38 -23- PARK FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1960 Balance at January 1, 1960 Additions: Revenue for year (see separate schedule for details) Registration fees - figure skating and skiing Dedicated funds: Edina Swim Club Spring Company R. W.'Carlson Granz. E. Hill Company Haverly Construction Company Sale of investments Deductions: Expenditures for year (see separate schedule for details) Add decrease in accruals: Balance at January 1, 1960: Trade accounts Salaries and wages Due to other funds Balance at December 31; 1960: Trade accounts Salaries and wages Due to other funds Purchase of investments Decrease in reserve for improvements Payments from dedicated funds: Figure skating and skiing Normandale Park $1,266,40 1,186.61 3,682.51 $1,837.79 2,425.42 750.00 $ 112.32 2,650.00 400.00 150.00 250.00 $6,135.52 5,013.21. $105,618.87 825.00 3,562..32 25,000.00 $100,219.75 1,122.31 25,000.00 247.00 $ 30,252.76 135, 006.19 $165,258.95 $ 567.00 58.50 625.50 127,214-56 Balance at December 31, 1960 $ 38,044.39 -24- PARK FUND REVENUE AND EXPENDITURES VILLAGE OF EDINA Year Ended December 31, 1960 REVENUE Real and personal property tax Registration fees Transfer from active funds Contribution from other sources Income on investments Discounts Other revenue EXPENDITURES Administration: Personal services Contractual services Commodities Central services Capital outlay Training Paid leave Recreation: Baseball and softball Skating and hockey Tennis instruction Playgrounds Swimming instruction Special activities Maintenance: Mowing Special turf care Planting and trees Litter removal Parking areas Building and equipment Skating rinks TOTAL ADMINISTRATION TOTAL RECREATION TOTAL MAINTENANCE TOTAL Actual Unexpended Disbursements Encumbrances Revenue Appropriations Balance $ 16,125.32 Over- Under* 16,125.32 $ Estimated Estimated Receipts _Accruals_ _Revenue Revenue Revenue $ 50,643.5,0. 24.50 $ 50,643.50 $ 519-0,00.00 $ 356.50# 12,155.59 12,155.59 12;000.00 155.59 42,450.00 42,450.00 42;450.00 - - 14,136.93 296.44 300.00 300.00# _.. 64.23 109205.00 64.23 181.19 64.23 33.48 $ 17.28 50.76. - 300.00 50.76 -14.44 240.35 254.79 100.00 1.54.79 TOTAL $105,361.24 $ 257.63 $105,618.87 $105,850.00 $ 231.13# TOTAL ADMINISTRATION TOTAL RECREATION TOTAL MAINTENANCE TOTAL $ 95,195.82 $5,_023.93 $100,219.75 $1059_850.00 $5,630.25 -25- Unexpended Disbursements Encumbrances Expenditures Appropriations Balance $ 16,125.32 16,125.32 $ 16,145.00 19.68 11175.41 .09 1,175.50 1,'200.00 24.50 624.03 624.03 625.00 .97 6,240..00 6,240.00 6,240.00 - 14,136.93 296.44 14,433.37 109205.00 4,228.37# 181.19 181.19 - 300.00 118.81 3,148.47 135-12 3,283.59 2,485.00 798.59# $ 41,631.35 431.65 $ 42,063.00 $ 37,200.00 $4,863.00# $ 3,130.85 $ 3,130.85 $ 3,675.00 $ 544.15 2,254.37 $1,386.39 3,640.76, 5,640.00 1,999.24 846.10 846.10 850.00 3.90 8,889.04 53.23 8,942.27 9,250.00 307.73 9,557.13 750.00 10,307.13 10,400.00 92.87 1,x•24 _ 1,496.24 2;10o.00 603..76 $ 26,173.73 $2,189.62 $ 28,363.35 $ 31,915.00 $3,551.65 $ 4,579.02 $ 4,579.02 $ 5,200.00 $ 620.98 49878.71 $ 572.09 5,450.80 6,300.00 849.20 1,789:24 66.50 1,855.74 3,280.00 1,424.26 1,380.22 1,380.22 2;760.00 19379.78 449.75 449.75 2,900.00 2,450.25 4,881.73 595.68 5,477.41 5,560.00 82.59 9,432.07 1,168.39 10,600.46 10,735.00 134.54 27 390.74 $2,402.66 $ 29,793.40 L36.,735.00 $6,941_60 $ 95,195.82 $5,_023.93 $100,219.75 $1059_850.00 $5,630.25 -25- La nd Skating rinks Lend improvements Building Park equipment. Furniture and fixtures Trucks and automobile Miscellaneous Construction in progress: 52nd and Arden 50th and Wooddale East Mirror Lakes 57th and Chowen PARK FUND FIXED ASSETS VILLAGE OF EDINA Year Ended December 31, 1960 Bala nce Balance January December 1, 1960 Additions 31, 1960 $ 90,8o6.64 $ 90,806.64 3,484.31 1,197.72 4,682.03 101,656..93 26,774.53 128,431.46 1,842'.41 1,575.65 3,418.06 15,313.55 8,540.10 23,853.65 493.79 494.50 988.29 9,812.33 2,742.28 12,554.61 77.00 233.12 710.12 223,886.96 -T41,557.90 $265,444.86 131.26 131.26 2,324.85 2,324.85 3,785.72 3,785.72 261.36 261.36 TOTAL $230,390.15 $41,557.90 $271,948.05 -26- SWIMMING POOL FUND BALANCE SHEET VILLAGE OF EDINA December 31, 1960 ASSETS Cash: On deposit Due from other funds: Park Fund Fixed assets - at cost: Land Swimming pool and bathhouse Filter system Furniture and equipment Less allowance for depreciation LIABILITIES AND SURPLUS Payables: Trade accounts Due to Park Sinking Fund Surplus invested in fixed assets: Acquired by bonds Acquired from surplus. Donated Unappropriated surplus':(deficit) $ 6,671.90 750,00- 10,000.00 183,621.89 17,000.00 3,637.01 214,258.90 18,543.57 195,715.33 $203,137.23 $ 293.69 - 12,250.50 $ 12,544.19 $191,526.18 4,139.15 50.00 $195,715033 ( 5,122.29) $190,593.04 $203,137.23 -27-. SWIMMING POOL FUND STATEMENT OF SURPLUS VILLAGE OF EDINA Year Ended December 31, 1960 *Indicates red figure. -28- Invested in Fixed Assets Unappro- From From Total priated Donated Surplus Bond Funds Balance at January 1, 19'60 $202,984.01 782.37. $50.00 $3,448.90 $198,702.74 Transfers and deductions: Net loss for year $ 8,018.47# $ 8,018.47# Less interest provided for at December 31, 1959 in- cluded in operations 7,878.00 7,878.00 140.47# $ 140.47# $ - _ $ - $ - Fixed assets purchased — 1,070.00# 1,070,00 Provision for depreciation — 7,556.31 3-79-75* 7,176.56# Allocated to Sinking Fund for bond retirement 12,250.50# 12,250.50* Balance at December 31, 1960 $190,593.04 $ 5,122.29# $50.00 $4,139.15 $191,526.18 *Indicates red figure. -28- SWIMMING POOL FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1960 Balance at January 1, 1960 Additions: Pool fees Concession income (See separate schedule) $1,952.76 Add depreciation included therein 340.24 Payment received on accruals at December 31, 1959 Other revenue Deductions: Operating expenses (See separate schedule) Less accounts payable at December 31, 1960 Payment made on accruals at December 31, 1959 Purchase of fixed assets $37,811.34 2,293000 9,826.95 38,06 $33,476.56 293.69 $33,182.87 12,342.08 1,070.00 $ 3,297.50 69°35 53,266.85 46,594.95 Balance at December 31, 1960 $ 6,671.90 -29- Revenue: Pool fees: Season tickets General admissions Rental - instruction program Other Operating expenses: Salaries and wages: Supervision Life guards Cashier Basket room attendants Watchmen Maintenance Gas Light and power Water and sewer Telephone Water treatment Cleaning.supplies General supplies Printing and office supplies Painting pool General maintenance Central services Insurance Unclassified Provision for depreciation Debt service SWIMMING POOL FUND STATEMENT OF INCOME AND EXPENSE VILLAGE OF EDINA Year Ended December 31, 1960 $26,744.00 11,067.34 GROSS REVENUE $3,103.59 9,191.57 577.52 2,412.67 877.00 2,989.71 $19,552.06 1,004.95 1,615.13 307.88 80.11 2,008.89 540,70 931.84 241.95 4,215.00 985.55 540.00 1,416.44. 36.06 INCOME BEFORE PROVISION FOR DEPRECIATION AND DEBT SERVICE CHARGES LOSS BEFORE DEBT SERVICE CHARGES NET LOSS FROM OPERATION OF SWIMMING POOL Income from concessions - see separate schedule NET LOSS FROM OPERATIONS $37,811.34 750.00 38.06 $38,599.40 33,476.56 $ 5,122.84 7,216,07 $ 2,093.23 7,878.00 $ 9,971.23 1,952.76 $ 8,018.47 - 30- SWIMMING POOL FUND STATEMENT OF INCOME AND EXPENSE (CONCESSIONS ONLY) VILLAGE OF EDINA Year Ended December 31, 1960 Operating expenses: Salaries and wages: Manager $1,129.83 Clerks 19481.62 $2,611.45 General supplies 23.29 Laundry 54.21 Machine rental 40.00 Provision for depreciation 340.24 General maintenance 71.58 3,140.77 NET INCOME $1,952.76 -31- Gross Profit Cost of Per Cent Sales Sales Amount to Sales Soft Drinks $1,296.k $ 903..90 r 392.40 30.27% Soft Ice Cream 4`,030.00 1,544.28 2,485.72 61.68' Pop corn 2,050.11 405°70 1,644.41 80.21 Beefburgers 546.00 423.58 122.42 2242 Hot dogs 630.75 408.66 222.09 35.21 Other sandwiches 58.50 42.09 16.41 28.05 Cupcakes 560.40 354:92 205.48 36.67 Coffee 45.00 40.40 4.60 10.22 $9,217.06 $4,123.53 $5,093.53 55.27% Operating expenses: Salaries and wages: Manager $1,129.83 Clerks 19481.62 $2,611.45 General supplies 23.29 Laundry 54.21 Machine rental 40.00 Provision for depreciation 340.24 General maintenance 71.58 3,140.77 NET INCOME $1,952.76 -31- SWIMMING POOL FUND FIXED ASSETS VILLAGE OF EDINA Year Ended December 31, 1960 ASSETS Land Swimming pool and bathhouse Filter system Furniture and equipment ALLOWANCE FOR DEPRECIATION Swimming pool and bathhouse Filter system Furniture and equipment Balanc'e Balance January December 1, 1960 Additions 31, 1960 $ 10,000.00 $ 10.,000.00 182,551.89 $1,070.00 183,621.89 17,000.00 179000.00 3,637.01 3.637.01 $213,188.90 $1,070.00 $214,258.90 $ 8,179.15 $5,492.61 $ 13,671.76 2,550.00 1,700.00 4,250.00 258.11 _ 363.70 621.81 10,987-26 $7;556.31 18,543.57 NET BALANCE $202,201.64 _ $1959715.33. -32- PARK SINKING FUND BALANCE SHEET VILLAGE OF EDINA December 31, 1960 ASSETS Cash: Demand deposits Time deposits Receivables: Due from Swimming Pool Fund Taxes receivable - current and delinquent Taxes receivable - deferred 646.68 29,000.00 $ 29,646.68 $ 12,250.50 $ 34,277.07 1,035,000.00 $1,069,277.07 Less: Allowance for uncollectible taxes $45,275.00 Allowance for delinquent taxes 2,357.07 47,632.07 1,021,645.00 1,033,895.50 $1,063,542.18 LIABILITIES, RESERVE AND SURPLUS Amount payable during 1961: Interest Bonds Bonds payable Less current portion - shown above Reserve for future interest Less current portion - shown above Surplus - unappropriated $ 690,000.00 15,000.00 $ 340,560.00 25,835,00 $ 25,835.00 15,000.00 $ 40,835.00 675,000.00 314,725.00 32,982.18 $1,063,542.18 -33- PARK SINKING FUND STATEMENT OF SURPLUS ,VILLAGE OF EDINA Year Ended December 31, 1960 Balance at January 1, 1960 $24,168.18 Additions: Income on investments $ 227.42 Transfers: Allowance for delinquent taxes- $ 88.35 Reserve for future interest 26,260.00 Reserve for unc6llectible taxes 7,165.00 Less portion allocated to Swimming Pool Fund 2,149.50 5,015.50 31,363.85 31 591.27 55,759.45 Deductions: Payment to fiscal agent: Interest $22,708.00 Service charge 69.27 22,777.27 Balance at December 31, 1960 $32,982.18 -34- PARK SINKING FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1960 Balance at January 1,, 1960 Additions: Tax settlements received from county: March , 1960 June ,. 1960 November, 1960 Sale of investments Income on investments Payment received on amounts due from other funds at December 31, 1959 Deductions: Payment of amount due to other funds at December 31, 1959 Purchase of investments Payment to fiscal agent: Principal Interest Service charge. Summary: Demand deposits Time deposits TOTAL $ 3,134.62 16,319.27 12,904.46 $32,358.35 25,000.00 227.42 10,878.00 $ 6,319.44 25,000.00 $10,000.00 22,708.00 69.27 32,777.27 Balance at December 31, 1960 $ 646.68 29,000.00 $29,646.68 $25,279.62 68,463.77 $93,743.39 64,096.71 $29,646.68 -35- PARK SINKING FUND BOND AND INTEREST MATURITIES, DEFERRED TAX LEVIES, AND RESERVE FOR UNCOLLECTIBLE TAXES VILLAGE OF EDINA December 31, 1960 Annual maturity and interest date March 1, and September 1 Interest rates 3.4 %, 3.7% and 3.9 %. Allowance for Uncollectible Deferred Year Bonds Interest Taxes Levies 1962 15,000.00 25,325.00 8,675.00 $ 49,000.00 1963 15000.00 24,815.00 10,185.00 50,000.00 1964 15,000.00 24,305.00 11,695.00 51,000.00 1965 15,000.00 23,772.50 13,227.50 52,000.00 1966 .15,000.00 23,217.50 14,782.50 53,000.00 1967 ` 30,000.00 22,385.00 1,615.00 54,000.00 1968 30;000.00 21,275.00 3,725.00 55,000.00 1969 30,000.00 20,165.00 5,835.00 56,000.00 1970 30,000.00 19,055.00 7,945-00: 1971 30;000.00 17,945.00 10,055:00 58,000.00 1972 40;000.00 16,650.00 2,350 -.00 59,000.00 1973 40;000.00 15,170.00 4,830.00 60,000.00 1974 4a,o00.00 13,650.00 7,350.00 61,000.00 1975 40,000.00 12,090.00 9,910.00 62,000.00 1976 40,000.00 10,530.0,0 12,470.00 63,000.00 1977 50,000.00 8,775.00 5,225.00 64,000.00 1978 50,000.00 6,825.00 8,175.00 65,000.00 1979 50,000.00 4,875.00 11,125.00 66,000.00 1980 50,060.00 2,925.00 52,925.00* 1981 50,000.00 975.00 .50,975.00'f $675,000.00 $314,725.00 $45,275.00 $1,035,000.00 * Indicates red figure. .-36- PARK CONSTRUCTION FUND BALANCE SHEET VILLAGE OF EDINA December 31, 1960 ASSETS Cash: On deposit Investments: Edina Park System Bonds - at face value Fixed assets - at cost: Land Construction in progress Equipment LIABILTIES AND SURPLUS Trade accounts payable Surplus invested in fixed assets Reserve for construction $ 24,113.20 96,000.00 $365,041.01 251,445.36 1,119.97 617,606.34 $737,719.54 $ 14,264.00 617,606.34 105,849.20 $737,719.54 -37- PARK CONSTRUCTION FUND ANALYSIS OF RESERVE FOR CONSTRUCTION VILLAGE OF EDINA Year Ended December 31, 1960 Balance at January 1, 1960 Additions: Transfer from Liquor Dispensary Fund Sale of excess fill - Cornelia School site Sale of lots - Lake Cornelia Park Addition Sale of highway right -of -way Deductions: Purchase of fixed assets $ 87,744.52 $80,000.00 4,497.60 4,490.10 15,000.00 103 87.70 191,732.22 85,883.02 Balance at December 31, 1960 $105,849.20 -38- PARK CONSTRUCTION.FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1960 Balance at January 1, 1960 Additions: Transfer from Liquor Dispensary Fund Sale of property: Excess fill - Cornelia School site Two lots - Lake Cornelia Park Addition Part of Hays Farm - Hennepin County for highway right -of -way Increase in liabilities: Balance at December 31, 1960: Accounts payable Balance at January 1,'1960: Accounts payable Due-to other funds Deductions: Purchase of fixed assets * Indicates red figure. $ 4,497.60 4,490.10 15,000.00 $14,264.00 $4,615.25 $80,000.00 23.987070 $ 1,616.72# 2,023.51. 6,638.76_ 7,625.24. 111,612.94 $109,996.22 85,883002 Balance at December 31,1960 $ 24,113.20 - 39= Land: Highway 169 and Hanson Road Hays Faun property Coffman property Cornelia property Pamela Park Jackson and Belmore Lane area Sixty- second and Beard area Fifty- second and Arden area Sixty - second and Tracy area Lake Edina Second area Unallocated Construction in progress: Wooddale and 50th 57th and Chowen Lake Cornelia area Pamela area 52nd and Arden Normandale area Jackson and Belmore Lane area East Mirror Lake area 55th and York 62nd and Beard Hays Farm property Cornelia School site - 69th and McGuire Other park areas Unallocated Equipment PARK CONSTRUCTION FUND FIXED ASSETS VILLAGE OF EDINA Year Ended December 31,1960 $ 15,007.09 199,475.35 12,639.48 49,086.99°' 1,190.00 1-- 10,921.05,-- 26,650.00✓ 1,250.00 18,3o0.00-- 30,205.00 316.05✓ $365,041.01 18,621.06 5,508.67 41,009.38 84,604.34 16,417.28 25,679.21 3,685,34 24,273.33 6,781.03 6,531.93 1,854.44 1,573.53 1,077.79 3,043,77 10,784.26 251,445,36 1,119.97 Balance at December 31, 1960 $617,606.34 -40- Total Elimination ASSETS Cash: Demand deposits 46,736.30# Time deposits 1,306,000.00 1,259,263.70 — Investments 507,546.51 Receivables: Special assessments: Current - certified in 1960 - collectible in 1961 1,121,555.86 Delinquent 246,306.44 Deferred 5,230,321.81 Taxes and assessments receivable - Village share of projects: Current 15,027.53 Delinquent 863.89 Deferred 146,817.57 $ 6,760,893.10 - Less allowance for delinquent taxes 577.164.06 $ 6,183,729.04 $ - Due from other funds 147,569.75 Due from Construction Fund for advances - $1,071,985.61 Prepaid interest 23,831.77 Construction in progress: Current 1,582,418.80 Deferred 322,219.35 Unallocated construction costs 82,093.95 $10,108,672.87 $1,071,985.61 LIABILITIES, RESERVES AND SURPLUS Accounts payable $ 3,605.18 Accrued interest 66,466.08 Canceled assessments refundable 1,842.11 Due to Hennepin County 11,110.10 Due to other funds 183,572.98 Construction contract payable 322,219.35 Advance from Improvement Fund - $1,071,985.61 Loan from General Fund 100,000.00 Payable to City of Minneapolis for Villagt share of sewage disposal plant 10,975.08 Bonds payable 8,507,000.00 Construction deposits 288,591.82 Reserve for assessment adjustments 52,927.27 Reserve for construction 27,270,97 Surplus - unappropriated 533,091.93 $10,108,672.87 ------- - - - - -- $1,071,985.61 ------- - - - - -- # Indicates red figure. -------------- ------- - - - - -- IMPROVEMENT FUNDS COMBINED BALANCE SHEET VILLAGE OF EDINA Dec-ember 31, 1960 Joint Permanent 1950 Improvement $ 57,237.56 Sewer Improvement First Second Construction No. 1 Revolving Series Series $ 72,220.86# $ 596.17 $ 875.27 $ 290.60 $ 139.45 12,000.00 12.000.00 42,000.00 62.000.00 $ 72,220.86# $12,596.17 $12,875.27 $42,290.60 $62,139-45 60,870.88 1,582,418.80 322,219.35 $1,893,288.17 $ 83,220.42 322-,219-35 1,071,985.61 100,000.00 288,591.82 27 ,270.97 $1,893,288.17 1951 Improvement First Second Series Series $ . 513.71 $ 976.70 22.000.00 151,000.00 $22,513.71 $151,976.70 1952 1953 Improvement Improvement First First Series Series $ 160.54 $ 20.87 56.000.00 79.000.00 $ 56,160.54 $ 79,020.87 10,000.00 Sanitary. Sewer Southdale No. 53 Improvement 1954 Improvement First Second Series Series Improvement Bond Redemption $ 181.66 $ 153.36 951.66 91.71 $ 20,532.86 180,000.00 87,000.00 45,000.00 69.000.00 489.000.00 $180,181.66 $ 87, 153-36 $45,951.66 $ 69,091.71 $ 509,532 .86 10,000.00 5,000.00 482,546.51 $25,464.85 $ 7,615.56 $ 1,986.85 $ 7,895.74 $ 57,237.56 $ 12,005.57 $ 27,565.69 $ 43,002.61 $ 26,399.08 $13,944.97 $ 51,126.73 $ 847,310.65 $ 615.73 2,702.23 '3,149.61 2,275.45 12,484.18 1,439.56 5,962.52 10,542.97 3,210.17 840.79 15,801.75 187,281.48 12,938.19 627.06 2,042.84 6,022:38 61,466.,40 20,879:.66 62,188.23 312,746.28 50,428.11 32,824.00 149,493.54 4,518,665.12 $ 615.73 615.73 $12,596.17 $10,975.08 '1,621.09 $12,596.17 $41,105.27 4,622.38 $36,482.89 $11,392.23 $ 4,029.69 3,561.74 201.48 $.7,830-49 $ 3,828.21 1,888.83 $49,358.16 $50,121.09 $67,856.49 $ 1,440.00 $ 152.67 176.00 $ 213.41 93,30 88.90- 65.50 14,671.54 22,000.00 33,000.00 1,025.78# 35,405.69 27.879.52 33.174.99 $49,358.16 $50,121:09 $67,856.49 $16,193.57 $131,188.14 2.971.36 18.419.38 $13,222.21 $112,768.76 $35,735.92 $264,745.46 5,427.53 115,000.00 580,000.00 .195,000.00 75,000.00 240,000.00 9,600.00 1,755.39# 7,789.37 786.10 1,024.32 12,198.13 77.79 5,010.42 31.323.60 69,098.54 15.077.68 38.980.91 72,708.61 $ 44,762.74 $ 95,716.44 $436,176.50 $ 80,037.36 $47,609.76 $216,422.02 $5,635,643.65 3,626.57 10,450.22 36,858.18 7,051.53 - 3,179.24 25,832.76 459,773.49 $ 41,136.17 $ 85,266.22 $399,318.32 $ 72,,985.83 $44,430.52 $190,589.26 $5,175,870.16 1,252.12 42,193.23 40,320.19 1,044.50 44,061.48 1,027,924.13 23,831.77 $108,548.83 .$164,287.09 $631,693.21 $200,459.38 $95,382.18 82,093,95 $303,742.45 $7,302,843088 $ 2,165.18 $ 171.00 $ 390.42 $ 925.00 $ 1,111.67 $ 1,950.00 $ 600.00 $ 1,713.34 59,275.98 12.27 112.56 64.33 1,439.54 71.55 211.40 85.05 124.30 $ 2,106.80 83.00 71.25 401.70 7,707.35 15,992.36 1,942.86 8,938.15 26.65 3,608.93 10,448.37 44,723.70 22,000.00 190,000.00 877.66 #• 143.73# 14.358.76 58.182.45 $35,735.92 $264,745.46 90,000.00 115,000.00 580,000.00 .195,000.00 75,000.00 240,000.00 6,945,000.00 1,755.39# 7,789.37 915.92 1,024.32 12,198.13 34,802.09 17,286.98 31.323.60 49.559.76 2.5.10.46 15.077.68 38.980.91 207.730.04 $108,548.83 $164,287.09 $631,693.21 $200,459.38 $95,382.18 $303,742.45 $7,302,843.88 -41- Balance at January 1, 1960 Additions: Interest spread on assessments for collection in 1961 Accrued interest on sale of bonds Income on investments Capitalized interest Over — collection on special assessments and taxes Other Deductions: Interest on bonds Bank service charges .Cost of bond sale Cancelation and adjustments Transfers from Temporary Improvement Fund Transfers — add (deduct): Allowance for delinquent taxes Balance at December'31, 1960 * Indicates red figure. Joint Sewer Total No. 1 $481,,499.40 $1,130.34 $314,298.77 6,433.32 22-,927.84 $ 402.11 20,428.95 231.30 1.178.22 $365,498.40 $ 402.11 $246,802.69 1,387.85 2,786.64 281.20 $251,258.38 $ — $595,739.42 $1,532.45 ( 62.647.49) 88.64 $533,091.93 $1,621.09 -42- IMPROVEMENT FUNDS STATEMENT OF SURPLUS - UNAPPROPRIATED VILLAGE OF EDINA Year Ended December 31, 1960 1952 1953 Permanent 1950 Improvement 1951 Improvement Improvement Improvement. Sanitary 1954 Improvement Improvement Improvement First Second First Second First First Sewer Southdale First Second Bond Temporary Revolving Series Series Series Series Series Serie.s No. 53 Improvement Series Series Redemption Improvement $31,140.67 $25,552.52 $31,223.48 $13,411.05 452,872.30 .$15,780.01 $26,878.88 $45,864.68, $3,446.48 $12,747.47 $30,828.18 $191,191.31 $567.97# $ 1,779.28 $ 392.51 $ 191.91 $: 661.81 $ 5,652.58 $ 1,565.60 $ 4,273.71 $.16,940.42 $3,659.04 $ 2,227.08 $ 9,529.31 $267,425.52 6,433.32 1,386.05 1,900.72 499.09 3,439.65 .1,220.31 1,828.42 4,021.54 1,883.22 1,430.77 1,017.40 4,007.67 $109.11# 20,428.95 231.30 .1,178.22 $ - 2,957.50 $ 1,778.56 $ 2,323.93 $ 1,160.90 $ 99092.23 $ 2,785..91 $ 6,102.13 $20,961.96 $5,542.26 $ 3,657.85 $10,546.71 $298,295.46 $109.11# 4 $ 503.67 $ 568.00 $ 557.33 $ 6,027.92 $ 2,391.67 $ 3,576.67- $18,327.50 $5,967.50 $ 1,760.00 $ 5,314.17 $201,808.26 27.50 24.75 22.50 94.20 31.44 72.65 45.80 53.69 29.95 84.80 900.57 2,786.64 $ 25.93 255.27 677.08 S677.08* $ 25.93 $ 786.44 $ 592.75 $ 579.83 $ 6,122.12 $ 2.423. -11 $ 3,649.32 $18.373.36 $6,021.19 $ 1,789.95 $ 5.398.97 $206,172.55 $677.08 # $34,072.24 $26,544.64 $32,954.66 $13,992.12 $55,842.41 $16,142.81 $29,331.69 $48,453.34 $2,967.55 $14,615.37 $35,975.92 $283,314.22 $ - 1,333.45 1,334.88 220.33 366.64 2,340.04 1,144.17 1,991.91 1.106.42 ( 457.09) 462.31 3.004.99 ( 75,584.18), $35,405.69 $27,879.52 $33,174.99 $14,358.76 ,458,182.45 $17,286.98 $31,323.60 $49,559.76 $2,510.46 $15,077.68 $38,980.91 $207,730.04 $ - -42- Balance at January 1, 1960 Additions: Remittance from County Auditor: On special assessments On taxes receivable Collections by Village on special. assessments Proceeds from sale of bonds: Principal Accrued interest and premium Sale of investments Collection from other funds accrued at December 31, 1959 Advance from Improvement Funds Payment received on connection charges Increase in construction deposits Miscellaneous Deductions: Construction costs charged to other funds: General Fund Permanent Improvement Revolving,Fund Improvement Fund Increase in construction in progress: Balance at December 31, 1960: Current construction $1,582,418.80 Deferred construction 322.219.35 $1,904,638.15 $ 46,199.34 14,671.54 690.520.63 $ 751,391.51 Balance at January 1, 1960: Current construction 493,032.55 Deferred construction 374,292.45 Unallocated costs 16.706.16 884.031.16 $1,020,606.99 Add decrease in contracts payable: Balance -at January 1, 1960 $ 374,292.45 Balance at December'31, 1960 322.219.35 52.073.10 $1,824,071.60 Combined $ 126,342.70 $1,001,054.46 14,066.84 112,221.99 1,800,000.00 6,433.32 2,228,446.06 51,219.24 1,363,500.00 44,625.17 214,572.94 517.12 $6,836,65.7.14 Less amount due to other funds for construction costs at December 31, 1960 83.220.42 1.740.851.18 (Balances Carried Forward) $5,222,148.66 IMPROVEMENT FUNDS ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1960 $.. 88.64 $18,,632.00 $ 9,296.74 $.4,829.68 $ 9,053.17 $ 60',590.22 $ 14,-145.34 $ 30,141.91 $ 43,698.27 $.26,365.16. .$14.;581.52 $ 59,045.26 $ 710,586.55 4,823.58 -1952 1953 1,371.58 163.16 940.98 1,829.93 1,153.23 2,467.58 3,272.43 793.54 Joint Permanent 1950 Improvement 1951 Improvement Improvement Improvement Sanitary 1954 Improvement Improvement Sewer Improvement First ':` Second First Second First First Sewer Southdale. First Second Bond Temporary Construction No. 1 Revolving Series =; -,: Series. Series Series Series.. Series No.. 53 Improvement Series Series Redemption Improvement 14,;277.40 $ 298.13..$ 5,322.41 $ 1,680.8-1 $ 449.96 707.92 $ ;375.80 .$ .- 3,824.39 _ 1,568.02 3,077.81 $ 21,011.99 11,193.09# 559.66 64,272.38 $10,109.11' $.. 88.64 $18,,632.00 $ 9,296.74 $.4,829.68 $ 9,053.17 $ 60',590.22 $ 14,-145.34 $ 30,141.91 $ 43,698.27 $.26,365.16. .$14.;581.52 $ 59,045.26 $ 710,586.55 1.740.851.18 $ 444,981.89 $27,788.88 $26;504.21 $70, 526.76.$90,361.28 $41,201.16.$264,235.60 $118,445.67 $136,005.93 $242,857.71 $150,439.25 $80,927.64 $174,024.56 $3,3135557.15 $40,290.97 —43— 4,823.58 9,243.26 1,371.58 163.16 940.98 1,829.93 1,153.23 2,467.58 3,272.43 793.54 806.64 4,402.24 95,020.68 1,800,000.00 6;433.32 $ 545,518..22 27,402.11 59,386.0.5 ;:82,900.72 30,499.09 201,439.65 ..94,9220.31 101,828.42. 178,021.54 93,883.22 66,430.77 110,017.40 606,716.70 $30,181.86 47,964.51 177.66 3,077.07 1,363,500.00 1,153.74 2,180.92 278.82 14,761.01 8,207.68 301.80 17,741.20 214,572.94 24.48 26.65 465.99 $2,171;555.67 `$27,490.75 $21,181.80 $68,845.9:5:$89,911.32 $40,493.24 $263,859.80 $114,621:28 $134,437.91 $239,779.90 $129,427.26 $82,120.73 $173,464.90 $3,249,284.77 $30,181.86 1.740.851.18 $ 444,981.89 $27,788.88 $26;504.21 $70, 526.76.$90,361.28 $41,201.16.$264,235.60 $118,445.67 $136,005.93 $242,857.71 $150,439.25 $80,927.64 $174,024.56 $3,3135557.15 $40,290.97 —43— Combined (Balances Brought Forward) $5,222,148.66 Deductions ('cont'd): Payment on accruals at December 31, 1959 $ 30,768.26 Investments purchased 1,061,000.00 Payment to County Auditor for bookkeeping charges 1,489.75 Transfer to Construction Fund 1,363,500.00 Bonds redeemed 1,190,000.00 Interest on bonds 212,774.66 Bank service- charges 1,387.85 Refunds on special. assessments 2,258.90 Cost of-bond sale 2,786.64 Costs charged directly to reserve for assessment adjustments 1,377.89 Paid to-City of Minneapolis — sewage disposal plant 2,192.71 Prepaid interest 20,452.65 Return of advance from General_Fund 509000.00 Payment on -- connection charges. 229895.65 Transferred to Improvement Bond Redemption Fund. — $3.962.884.96 Balance at December.31, 1960 $1,259,263.70 * Indicates red figure. IMPROVEMENT FUNDS ANALYSIS OF CHANGE IN CASH BALANCE (Cont'd) 1952 Joint Permanent 1950 Improvement 1951 Improvement Improvement Sewer Improvement First Second First Second First Construction No..1 Revolving Series:- Series. ' :-Series Series. Series $ 444,981.89 $27,788.88 $26,504.21 $70,526.76 $90,361.28 $41,201.16 $264,2354.60 $118,445.67 $ 17,202.75 $13,565.51 .:450.,.000.00 x$139 000 :•00 $13,000.00 $12,000.00' $ 1,000-004 '38 ma. oo $ 39,000.00 37.50 82.65 14.45 21.95 102.55 19.75 149000.00 15,000,00 11,000.00 60,000.00• 20,000.00 595.00 648.00 643.00 6;150,00' 2475,00 27.50 24.75 22.50 94.20 31.44 25.93 $80,92,7.64 $174,024.56 66.89 $409290.97•' 2,192.71 50,000.00 531.01 534.63 7,845.26 758.94 $ 517,202.75 $15,192.71 $13,628.94 $28,236.16 $28.,221.83 .$18,687.45 112,258.90. $ 62,285.13 $ 72,220.86# $12,596.17 $12,875.27 $42,290.60 $62,139.45 $22,513.71 $151,976.70 $ 56,160.54 1953 Improvement Sanitary 19,54 Improvement Improvement First Sewer Southdale First Second Bond. Temporary Series No. 53 Improvement Series Series Redemption Improvement ;$136,005.93 $242,857.71 $1509-439.25 $80,92,7.64 $174,024.56 $3,313,557.1.5 $409290.97•' $',44,000.00 $ 27,000.00 $12,000.00 $ 42,000.00 $. 344,000.00. $20,000.00 ti$ 28.30 278.95 29.70 ,6�1., 25 . 78.70 734.00 1,343,50.0.00 20,000.00 50,000.00 30,000.00 20,000.00 55,000.00 915,000.00 . 4,060.00 18,327.,50 6,202.50 1,920.00 5,662,50 166,091.16 72.65. 45 -.80 53.69 29.95 84.80 900,57 23.80 270.07. 1,872..21 2,786.64 1,377.89 20,452.65 2,824-11 9644.78 1,836.78 7 , 600.14 290.97# 290.97 56,985.06 $ 62.676.05 $ 63,285.89 $34,97,5.98 $104.932.85 $2,804,024.29 $40,290.97 $ 79,020.87 $180,181.66 $ 87,153.36 $45,95:1.66 $ 69,091.71 $ 509,532.86 $ -44- IMPROVEMENT FUNDS BONDS PAYABLE VILLAGE OF EDINA December 31, 1960 -45 1952 1953 Improvement Improvement Improvement 50 Improvement Fund 1951 Improvement Fund Fund Fund Sanitary Southdale 1954 Improvement Fund Bond First Second First Second First First Sewer Improvement First Second Redemption Year Total Series Series Series Series Series Series No. 53 Fund Series Series Fund Annual maturities and March 1, March 1, March 1, June 1, March 1, March 1, January 1, March 1, March 1, March 1, March 1, interest dates . and and and and and and and ,arid and and June 1, September September September 1 December 1 September 1 September 1 July 1 September 1 September 1 September 1. September 1, and December 1 Interest rates 1 7/10% and 2 6/10% 2 3110% 2 410% and 2 3/4% 2 9/10% 3 1/4 %and 1.710 %! 2 4/10% 1 3110% to 2% to 2. 3/10% and 3% 2 9/10% 3 1 /10% r,and,3% 2i3/10% 3 9/10% 1961 740,000.00„ $14,000.00 $15,000.00 $11,000.00 $ 65,000,00 $20,000.00 25,000.00 15,000.00 $15,000.00 55,000.00 505,000.00 1962 957,000.00. 8,000.00 18,000.00 11,000.00 60,000.00 20,000.00 25,000.00 $ 45,000.00 15,000.00 15,000.00 40,000.00 700,000.00 1963 9309000.00" 65,000.00 25,000.00 25,000.00 45,000.00 15,000.00 15,000.00 40,000.00 700,000.00 1964 860,000.00,.;:; 25,000.00 20,000.00 45,000.00 15,000.00 15,000.00 40,000.00 700,000.00 1965 835,000.00.; ., 20,000.00 45,000.00 15,000.00 15,000.00 40,000.00 700,000.00 .1966 780,000.00_ 40,000.00 15,000.00 25,000.00 700,000.00 1967 765,000.00, 40,000.00 15,000 :00 710,000.00 1968 585,000.00 40,000:00 15,000 :00 530,000.00 1969 585,000.00 40,000.00 15 000:00 � 530,000.00 1970 360,000.00- 40,000.00 15,000 :00 305,000.00 1971 160,000.00 40,000.00 15,000:00 105,000.00 1972 1609000.00 409000.00 15,000.100 105,000.00 1973 160,000.00 40,000.00 15,000:00 105,000.00 1974 145,000.00 40,000.00 1059000.00 1975 145,000.00 40,000.00 105,000.00 1976 1059000.00 1977" 105,000.00 105,000-00 1978 65,000.00 65000.00 1979 65,000.00 65 ,000.00 •, TOTAL $8,507,000.00,.,$22,000.00 $33,000.00 $22,000.00 $190,000.00 — $90,000.00 $115,000.00 $580,000.00 $195,000.00 $75,000.00 $240,000..00 -- ---- -- $6,945,000.00 - - - - -- -- - - - - -- ---- - - - - -- - - - - -- -- - - - - -- - - -- -45 ASSETS CURRENT ASSETS Cash: Demand deposits Appropriated funds Working fund Time deposits (including accrued interest of $827.27) Less amounts segregated and shown below Accounts receivable: From customers Due from General Fund Inventories: Meters - at cost Supplies - estimated Prepaid expenses: Insurance OTHER ASSETS Segregated cash - for reserve for debt retirement FIXED ASSETS - Note A Land Land improvements Building and equipment Less allowance for depreciation Construction in progress $ 36,734,44' 7,555.91 $ 8,.770.09 1, 750..00 TOTAL CURRENT ASSETS 27,431.38 7,959.47 3,549,618.00 $3,585,008.85 480,204.36 $3,104,804.49 30,911.33 WATERWORKS BALANCE VILLAGE OF December $ 290 -.77 19,687.88 25.00 122,827.27 $ 142,830.92 48,567.75 $ . 94,263.17 44,290.35 10,520.09 278.35 149,351.96 48,567.75 3,135,715.82 $3,333.,635.53 FUND SHEET EDINA 31, 1960 LIABILITIES AND SURPLUS CURRENT LIABILITIES Accounts payable and accrued expenses: Trade accounts Salaries and wages Interest Due to General Fund Current maturities of bonds payable LONG -TERM DEBT Bonds payable - Note B Less current maturities - shown above SURPLUS Invested in fixed assets Revaluation of fixed assets - Note A Contributed by special assessment - Note A Contributed by General Fund Earned: Appropriated Unappropriated „ See notes to balance sheet. $ 14,055.33 627.20 5,250..50 $ 19,933.03 1,302.00 33.,000.00 TOTAL CURRENT LIABILITIES $ 54,235.03 362,296.02 30,741.42 2,196,700.17 13,978.21 $ 68,255.63 108,429.05 532,000.00 33,000.00 499,000.00 $2,603,715.82 176,684.68 2,,780,400.50 $3,333,63.5.53 -46- . WATERWORKS FUND NOTES TO BALANCE SHEET VILLAGE OF EDINA . December 31; 1960 Note A - The original utility purchased in 1947 is carried at amounts based on appraisal at time of acquisition.. Subsequent purchases are carried at cost. Watermains for which the benefited property owners have been assessed are carried at con- struction cost with contra - credit to surplus contributed by special assessments. Each of the afore - mentioned amounts has been reduced by the depreciation charged thereon to income which has been transferred to earned surplus. Note B - The annual maturities, due dates and interest rates are as follows: Bonds maturing after September 1, 1957 of the 1947 issue shall be subject to re, demption and prepayment at the option of the Village on said date and any interest date thereafter. Bonds maturing after March 1, 1963, of the 1953 and 1955 issues, shall be subject to redemption and prepayment at the option of the Village on said date and any interest due date thereafter. Bonds maturing after March 1,.1970 of the 1959 issue shall be subject to redemption and prepayment at the option of the Village on said date and any interest date thereafter, at a price of par and accrued interest, plus a premium of'$10..00 for each bond redeemed, and in inverse order of their serial numbers. Thirty days prior notice must be given to bond- holders. -47- 1947 Issue 1953 Issue 1955.Issue 1959 Issue Total Annual maturities and March 1, and March 1, and March 1, and March 1, and interest dates September 1 September 1 September 1 September 1. Interest rates 2.50% and 2.30 %, 2.80 %, 2.75% 2.75% 2.50% and 3.10 %, 2.60% 3.40% and 3.50% Annual amount of maturities 1961 $10;000.00 $ 5,000.00 $ 10,000.00 89000.00 33,000..00 1962 10,000.00 5,000..00 10,000.00 8,000..00 33,000,00 1963 109000.00 5,000.00 10.,000.00 8,000.00 33,000.00 1.964 10,000.00 5,000.00 10,000..00 8,000.00 33,000.00 1965 10,000.00 5,000.00 10,000.00 8,000.00 33,000.00 1966 10,000..00 10,000.00 10,000.00 8,000.00 38,000.00 1967 10,000.00 10,000.00 10,000.00 8,000,00 38,000.00 1968 30,000.00 8,000.00 38,000.00 1969 30,000.00 8,000.00 38,000.00 1970 '20,000.00 15,000.00 35,000.00 1971 35,000.00 35,000.00 1972 35,000.00 359000.00 1973 35,000..00 35,000.00 1974 35,000,00 35,000.00 1975 _ 40,000.00 T40,000O00 $70,000.00 $45;000._00 $150,000.00 $2679000.00 $532,OOQ..00 Bonds maturing after September 1, 1957 of the 1947 issue shall be subject to re, demption and prepayment at the option of the Village on said date and any interest date thereafter. Bonds maturing after March 1, 1963, of the 1953 and 1955 issues, shall be subject to redemption and prepayment at the option of the Village on said date and any interest due date thereafter. Bonds maturing after March 1,.1970 of the 1959 issue shall be subject to redemption and prepayment at the option of the Village on said date and any interest date thereafter, at a price of par and accrued interest, plus a premium of'$10..00 for each bond redeemed, and in inverse order of their serial numbers. Thirty days prior notice must be given to bond- holders. -47- WATERWORKS FUND STATEMENT OF SURPLUS VILLAGE OF EDINA Year Ended December 31, 1960 Total Balance at January 1, 1960 $2,611.,209.80 Additions: Net income for year 1,674.91 Watermains contributed by special assessments 167,515.79 $.2,780,400.50 Transfers: Provision for depreciation - Adjustments for fixed assets acquired from surplus - Bonds retired - Increase in appropriation of funds for reserve for debt retirement - Balance at December 31, 1960 $2,7809'400.50 # Indicates red figure. Earned Surolus Unappropriated Appropriated $108,381.29 $66,770..00 1,674.91 $110,056.20. $66,770.00 82,678.72 51,820.24# 31,000.00# 1,485.63# 1,485.63 $108,429.05 $68,255:63 't 1 Invested Contributed in Fixed by Assets Assessments. $313,849.07 $2,076,480.'22 E 313,849.07 34,373.29# 51,820..24 31,000..00 $362,296.02 167,515.7 9 $2,243,996.01 ..47,295.84# $2,196,700.17 Contributed by General Fund $14,305.82 $14,305.82 327.61# $13,978.21 Revaluation $31,423.40 $31,423.40 681.98# aP3u, /4.1.4./- -48- WATERWORKS FUND STATEMENTS OF INCOME AND EXPENSE 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 Street opening fee Use of hydrants Miscellaneous Expenses: Pumping: Labor Power and light Supplies Buildings: Labor Fuel Supplies Telephone Repair Insurance Water purchased Provision for depreciation Repairs Distribition: Labor Materials and supplies Operation of meters: Labor Supplies and expenses Provision for depreciation Repairs VILLAGE OF EDINA Year Ended December 31' Increase 1960 1959 Decrease* Per Cent to Gross Income 1960 1959 5,576 5,047 529 5,047 4,722 325 $ 22,425.00 $ 21,835.45 $ 589.55 20;377.11 18,918.11 1,459.00 $ 2,047.89 $ 2,917.34 $ 869.45# 180,040.96 185,189.01 5,148.05# j,599-07. , 3 , 249.12 `349,95 1,910.00 2,605.00 695.00# 286.00 435.00 149.00# 58.00 90..00 32.00# 7,555.91 6,938.96 616.95 427.58 305.73 121.85 $195,925.41 $201,730.16 $ 5,804.75'` 100.0% 100.0% $ 3,220.48 $ 3,000.04 $ 220.44 21,815.12 20,730.71 1,084.41 121.00 584.26 463.26# 1,841.94 1,359.51 482.43 817.90 1,009.86 191.96# 1,000.94 122.48 878.46 201.00 201.00 - 405.23 371.24 33.99 228.24 143.12 85.12 652.25 718.75 66.50# 11,684.32 11,667.23 17.09 4,783.04 _ - 4,783.04 $ 46,771.46 $ 39,908.20 $ 6,863.26 23.9% 19.8% $ 11,207.70 $ 9,158.37 $ 2,049.33 5,165.06 2,361.13 2,803.93 4,679.32 5,393.00 713.68# 759.74 1,246.91 487.17# 51,962.34 `47,215.95 4,746.39 115.49. 1,243.72 1,128.23# $ 73,889.65 $ 66,619.08 $ 7,270.57 37.7 33.0 -49- WATERWORKS FUND STATEMENTS OF INCOME AND EXPENSE (Cont'd) -50- Per Cent to Year Ended December 31 Increase Gross Income 1960 Decrease* 1960 1959 Expenses (cont'd): _ _1959 Tanks, towers and reservoir: Labor $ 39.75 $ 137.63 97.88* Power and lease lines 378.08 314.17 63.91 Supplies 19.32 80.78 61.46* Provision for depreciation 16,581.65 10,537.03 6,044.62 Insurance 366.36 290.13_ 76.23 _ 17,385.16 $ 11,359.74 _ $ 6,025.42 8.9% 5.6% Water treatment: Labor $ 799.12 $ 68.86 $ 730.26 Supplies 9,176.54 7,799.43 1,377.11 Provision for depreciation 870.67 806.25 64.42 $ 10,846.33 $ 8,674.54 2,171.79 5.5 4.3 Vehicle operation: Allocated from equipment pool $ 2,520.00 $ 2,510.00 10.00 Provision for depreciation 854.18 174.43 _11028.61 $ 3,548.61 $ 3,364:18 $ 184.43 1.8 1.7 Administrative and general: Salaries: Superintendent $ 6,300.00 $ 6,000.00 $ 300.00 Clerical 3,953.04 2,635.36 1,317.68 Meter reading 5,048.63 4,921.74 126.89 Meter reading supplies 26.00 23.36 2.64 Office supplies, postage, telephone 3,780.00 2,280.00 1,500.00 Supervision 2,700.00 2,700.00 - Provision for depreciation 551.13 481.45 69.68 Professional services 3,547.07 1,000.00 2,547.07 Miscellaneous 375.61 479.97 104.36* Building rental 180.00 156.00 24.00 26 61./. 20,677.88 $ 5,783.60 13.5 10.2 TOTAL OPERATING EXPENSES $178,902.69 $150,603.62 $28,2 99.07 91.3 74.6% OPERATING INCOME $ 17,022.72 $ 51,126.54 $34,103.82* 8.7% 25.4% Other income: Income on investments 3,230.28 3,431.91 201.63* 1.6 1.7 $ 20,253.00 $ 54,558.45 $34,305.45* 10.3% 27.1% Other deductions: Interest on bonds $ 18,497.92 $ 16.385.75 $ 2,112.17 Fiscal agent's service charge 80.17 60.87 19.30 Cost of bond sale - 913 974.13* _ _ 18,578,09 $ 17,420.75 $ 1,157.34 9.5 8.6_ NET INCOME $ ----- 1,674.91 - - - - -- $ ----- 37,137.70 - - - - -- $35,462.79# --- - - - - -- .8% 18.5% - -- Depreciation charges to operations included in expenses $ 82,678.72 $ 71,562.09 $11,116.63 -50- WATERWORKS FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1960 Balance at January 1, 1960 Additions: Collections on accounts receivable Sale of investments Collection on amount due from other funds Income on investments Sale of water meters Sundry sales and services Decrease in prepaid insurance Deductions: Investments purchased Meters purchased Additions to fixed assets Less: Carrying value of disposals Contributed by special assessments Payment to fiscal agents: Principal Interest Service charges Decrease in amounts payable: Balance at January 1, 1960: Trade accounts Accrued payroll Due to other funds Balance at December 31, 1960: Trade accounts Accrued payroll Due to other funds Refunds on accounts receivable Operating expenses Less provision for depreciation Summary: Operating Fund. Sinking Fund Time deposit TOT AL $182,813.94 230,479.87 6,938.96 2,636.71 22,425.•00 2,861.02 37.95 $ 65,000.00 23,270..16 $222,491.09 $ 3,155.06 167,515.79 170,670.85 51,820,24 $ 31,000.00 16,379.25 80.17 47,459.42 $ 36,801.72 148,193 $484,995.17 $ 38,397.32 617.94 3236.91 $ 74,252.17 $ 14,055.33 627:20 1,302.00 15,984.53 58,267.64 122.82 $178,902.69 _82,678.72 96,223.97 342,164.25 Balance at December 31, 1960 $142,830.92 $ 315.77 19,687.88 122,827.27 $142,830.92 -51- WATERWORKS FUND FIXED ASSETS VILLAGE OF EDINA Year Ended December 31, 1960 Land Land improvements Distribution system: Purchased Contributed by special assessments Contributed by General Fund Buildings and equipment: Pumphouses .-Wells Pumps and piping Tanks and towers Office equipment Miscellaneous equipment Water treatment equipment Automobiles and trucks Tools Construction in progress * Indicates red figure. TOTAL $ 216,994.23 2,281,482.22 16,380..66 j2,514,857.11 $ 59,173:45 127,926.64 76,689.29 262,748.79 2,372.55 3,360.88 16,352.41 5,330.77 _ 370.57 $ 554,325.35 $3,104,050.48 292,533.67 $3,396,584.15 $ 216,994.23 A s s e i s _ Allowance for Depreciation Net Balance Balance 1 Balance Balance Balance January December January December December _1, 1960 Additions Deductions Transfers 31, 1960 1, 1960 Additions 31,, 1960 31, 1960 27,431.38 $ 27,431.38 _ - $ 27,431.38 7,436.64 300.34 $ 36.35 258.84 $ 7,959.47 $ 968.86 $ 308.48 $ 1,277.34 6,682.13 TOTAL $ 216,994.23 2,281,482.22 16,380..66 j2,514,857.11 $ 59,173:45 127,926.64 76,689.29 262,748.79 2,372.55 3,360.88 16,352.41 5,330.77 _ 370.57 $ 554,325.35 $3,104,050.48 292,533.67 $3,396,584.15 $ 216,994.23 $ 68,231.61 $ 4,338.89 $ 72,570.50 $ 144,423.73 $167,515.79 2,448,998.01 205,002.00 47,295.84 252,297.84 2,196,700..17 16,380.66 2,074.84 _ 327.61 2,402.E _ 13,978.21 $167,515.79 $ - $ - $2,682,372.90 $275,308.45 $51,962.34 $327,270.79 $2,355,102.11 $ 614.30 769.03 2,122.44 2,587.83 $ 6,093.60 $173,909.73 48,581.36 $222,491.09 $ 276.10 3,020.00 303,530.05 $ _ _ 306 826.15 $ 36.35 $307,084.99 3,118.71 307,084.99# $3,155.06 $ - $ 59,449.55 130,946.64 76,689.29 566,278.84 2,986.85 4,129.91 18,474.85 7,918.60 370.57 L_867,245- 10 $3,585,008.85 30,911.33 $3,615,920..18 $ 12,213.74 25,100.72 30,318.99 46,562.02 1,439.16 910.03 2,837.19 1,866.48 $121, 248.33 $397,525.64 $397,525.64 $ 2,372.43 5,177.27 3,826.14 16,581.65 265.85 285.28 870.67 1,028.61 $30,407.90 $82,678.72 $82,678.72 $ 14,586.17 30,277.99 34,145.13 63,143.67 1,705.01 1,195.31 3,707.86 2,895.09 15 1 656.23 $480,204.36 $480,204.36 $ 44, 863.38 100,668.65 42,544.16 503,135.17 1,281.84 2,934.60 14,766.99 5,023.51 _ 370.57 $ 715,588.87 $3,104,804.49 30,911.33 $3,135,715.82 -52- ASSETS CURRENT ASSETS Cash: Demand deposits Time deposits Accrued interest Receivables: From customers Assessments receivable FIXED ASSETS - at cost Land improvements Furniture and fixtures Trucks Equipment Less allowance for depreciation LIABILITIES AND SURPLUS CURRENT LIABILITIES Trade accounts payable Accrued payroll SURPLUS Invested in fixed assets Available SEWER RENTAL FUND BALANCE SHEET VILLAGE OF EDINA December 31, 1960 $ 9,179.26 $8,000.00 43.34 8,043.34 $17,222.60 $14,220,40 267.40 14,487.80 TOTAL CURRENT ASSETS $31,710.40 $ 2,616.35 1,695.53 3,247.86 19,983.11 $27,542.85 9,081.44 18,461.41 $50,171,81 $23,349.49 492.49 TOTAL CURRENT LIABILITIES $23,841.98 $18,461.41 7,868.42 26,329,83 $50,171.81 —53— SEWER RENTAL FUND STATEMENT OF SURPLUS VILLAGE OF EDINA Year Ended December 31, 1960 Balance at January 1, 1960 Additions: Net income for year Transfers: Additions to fixed assets Allowance for depreciation Balance at December 31, 1960 * Indicates deduction. Invested in Fixed Available Assets $5,724.96 $20,432.70 172.17 $5,897.13 $20,432.70 $ 676.21# $ 676.21 2,647.50 2,647.50# 81,971.29 $ 1,971.29# $7,868.42 $18,461.41 th -54- SEWER RENTAL FUND STATEMENTS OF INCOME AND EXPENSE Operating income: Service charges and penalties Expenses: Operating: Sewer maintenance and treatment Labor Supplies Repairs Water Power Provision for depreciation Vehicle operation: Allocated from equipment pool Provision for depreciation Administrative and general: Clerical and supervision Auditing Supplies, telephone, postage and retirement Building rent Provision for depreciation Miscellaneous TOTAL EXPENSES OPERATING INCOME Other income: Income on investments Miscellaneous NET INCOME Depreciation charges to operations included in expenses VILLAGE OF EDINA Per Cent. to Operating Year Ended December 31 Increase Income 1960 1959 Decrease# 196o 1959 $77,583.01 $72,284.19 $ 5,298.82 100.0% 100.0% $43,721.34 $35,534.17 $ 8,187.17 15,071.63 15,311.62 239.99# 3,381.27 3,042.36 338.91 1,224.74 1,706.71 481.97# 200.00 200.00 - 2,391.65 1,920.68 470.97 1.859.09 1.843.48 15.61 $67,849.72 $59,559.02 $ 8,290.70 87.4% 82.4% $ 1,620.00 $ 1,610.00 $ 10.00 649.57 481.98 167.59 $ 2,269.57 $ 2,091.98 $ 177.59 2.9% 2.9% $ 4,392.00 $ 3,572.62 $ 819.38 300.00 250.00 50.00 2,460.00 1,800.00 660,00 120.00 96.00 24.00 138.84 99.32 39.52 - 5.00 5000# $ 7.410.84 5.822.94 $ 1.587.90 9.68 8.0% $77,530.13 $67.473.94 $10.056.19 99.9% 93.3% $ 52.88 $ 4,810.25 $ 4,757.37# .1% 6.7% 98.12 - 98.12 .1 - 21.17 1.82 19.35 $ 172.17 --- - - - - -- $ 4,812.07 --- - - - - -- $ 4,639.90# ---- - - - - -- .2% 6.7% - - - - -- - - - - -- $ 2,647.50 $ 2,424.78 $ 222.72 -55- SEWER RENTAL FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1960 Balance at January 1, 1960 Additions: Collections on accounts receivable Tax settlements received Income from investments Other Deductions: Expenses for the year Less provision for depreciation not requiring cash Purchase of fixed assets Refund Payables at January 1, 1960: Trade accounts •Payroll Less payables at December 31, 1960: Trade accounts Payroll Summary: Demand deposits Time deposits TOTAL $ 9,179.26 8,043.34 $17,222.60 $76,548.66 19.55 43.34 75.95 $77,530.13 2,647.50 $74,882.63 676,21 32.00 $19,893.72 287.88 20,181.60 $95,772.44 $23,349.49 492.49 23,841.98 Balance at December 31, 1960 $12,465.56 76,687.50 $89,153.06 71,930.46 $17,222.60- -56- SEWER RENTAL FUND FIXED ASSETS VILLAGE OF EDINA Year Ended December 31, 1960 —57— Balance Balance January 1, December 31, 1960 Additions 1960 ASSETS Land improvements $ 2,554:44 $ 61.91 $ 2,616.35 Furniture and fixtures 1,081.23 614.30 __1,695.53 Trucks 3,247.86 3,247.86 Equipment 19983.11 19,983.11 $26,866.64 $ 676.21 $27,542.85 ALLOWANCE FOR DEPRECIATION Land improvements $ 201.18 $ 103.42 $ 304.60 Furniture and fixtures 306.28 138.84 445.12 Trucks 1,267.98 649.57 1,917.55 Equipment _ x,658.50 1,755.67 6,414.17 L6,433.94 $2,647.50 $ 9,081.44 NET BALANCE $20,432.70 $18,461.41 —57— LIQUOR DISPENSARY FUND BALANCE SHEET VILLAGE OF EDINA December 31, 1960 ASSETS CURRENT ASSETS Cash: Demand deposits Deposits in transit Time deposits Working funds Investments: Village of Edina - Waterworks Revenue Bonds of 1959 - at cost Accrued interest Accounts receivable: Sundry Merchandise inventory - at cost (first -in, first -out method): Liquor Wine Beer Mix and miscellaneous Prepaid expenses: Unexpired insurance Supplies inventory FIXED ASSETS - at cost Land Land improvements Building Furniture, fixtures and equipment Leasehold improvement Less allowance for depreciation and. amortization LIABILITIES AND SURPLUS CURRENT LIABILITIES Trade accounts payable Accrued payroll SURPLUS Invested in fixed assets Available * Indicates red figure. $ 25,945.10# 26,123.72 4z, 000.00 $ 42,178.62 2,000.00 $ 26,735.65 584.65 $196,447.83 23,489.77 5;805.12 _ 998.11 $ 731.22 150.00 TOTAL CURRENT ASSETS $ 16,500.00 $ 2,224.47 75,331.92 23,917.33 16,840.43 $118,314.15 $ 44,178.62 27,320.30 85.67 226,740.83 881.22 $299,206.64 _ 38,580.96 79,733.19 96,233.19 $395,439.83 TOTAL CURRENT LIABILITIES $ 96,233.19 283,047.15 $ 14,063.74 2,095-75 16,159.49 379,280.34 $395,439.83 -58- LIQUOR DISPENSARY FUND STATEMENT OF SURPLUS VILLAGE OF EDINA Year Ended December 31, 1960 Balance at January 1, 1960 Additions: Net income for the year Deductions: Transfer to General Fund Transfer to Park Fund Transfer to Park Construction Fund Transfers: Additions to fixed assets - net Provision for depreciation Balance at December 31, 1960 * Indicates red figure. Total Available $327,197.15 $226,225.20 207,083-19 534,280,34 $ 32,550.00 42,450.00 80, 000.00 1155,000.00 $379,280.34 207,083-19 33,308.39 $ 32,550.00 42,450.00 80,000.00 $155,000-00 278,308.39 1,322.39# 6,061.15 $379,280.34 $283,047.15 Invested in Fixed Assets $100,971.95 100,971.95 100,971.95 1.,322.39 6,061.15# $ 96,233.19 -59- LIQUOR DISPENSARY FUND COMPARATIVE STATEMENT OF INCOME AND EXPENSE VILLAGE OF EDINA Sales: Liquor Wine Beer Mix and miscellaneous Less bottle refunds NET SALES Cost of sales: Inventory at January lst Purchases Inventory at December 31st GROSS PROFIT Operating - expenses: Selling Occupancy Administrative TOTAL OPERATING EXPENSES NET OPERATING PROFIT Other income: Cash discounts Cash over Other Income on investments Depreciation and amortization included in expenses * Indicates red figures. Increase - Decrease# 50th Street Southdale Total 50th Street Southdale Total 50th Street Southdale Total $542,340.13 $370.,251.10 $ 912,591.23 $485,272.90 $3209-775.82 $ 806,048.72 $57,067.23 $49,475.28. $106,542.51 63,873.44 55,395.21 119,268.65 57,636.03 49,069.70 106,705.73 6,237.41 6,325.51 12,562.92 101,073.46. 55,916.38 156,989.84 83,520.80 47,643.76 131,164.56 17,552.66 8,272.62 . 25,825.28 11 048.91 718,335.94 6,535-09 $488,097.78 17 58 .00 1,206,433.72 9,318-32 $635,748.05 52501.1 9 22,990.77 14,819.81 1,058,738.82 1,730-59 $82,587.89 1,033-60 5,107.01. 2 76 .19 147,694.90 1 9 3.65 $717,172.29 557.97 87,539.81 1,721.62 1,2049712.10 937.36 $634,810.69 393.00 22,597.77 1,330.36 $1,057,408.46 226.29 $82,361.60 164.97 $64,942.04 . 391.26 $147,303.64 $120,756.36 $ 95,895.90 $ 216;652.26 $104,874.82 $ 69,753.23 $ 174,628.05 $15,881.54 $26,142.67.$ 42,024.21 Per Cent. to Net Sales 50th Street Southdale 1960 1959 1960 1959 100.00% 100.00% 100.00% 100.00% 548,246.62 $169,002.98 370,812.43 $466,708.33 919,059-05 1,135,711.31 96 8.71 601,323.53 342,357.56 12,110.79 838=806.27 1,013,434.32 51 797.91 7,679.45 28,454-87, _ 54,597.54 _80,252.78 $122,276.99 126,847.70 99,893.13 366 815.20 226,740.83 120,756-36 95,895.90 21 216,652.26 $ 796,782.06 69091-34 61 3,997.23-,._ $50,600.31...$112,188.42 10,088.57 75.60 75.70 75.24 74.83 $� =155.28 $175;017.01 908,970;48 480 567.17 316 .89 588.11 '$ 24.40% 24.76% $120,724.61 295,741.62 $154,243.52 $106,382.88 $ 260,626.40 20,,773.49, $14,341.73 35,115.22 24.30% 25.17% $ 25,533.47 $ 17,142.84- $ 42,676.31 $ 23,126.07 $ 17,207.04 $ 40,333.11 $2,407.40 $ 64..20 *.$ 2,343.20 3.56% 3.65% 3.52% 4.07% 11,612.69 16,153.10 27,765.79 6,037.28 15,092.17 21,129.45 5,575.41 1,060.93 6,636.34 1.62 .95 3.31 3.57 14 041.25 51,187-41 10,826.84 24,868.09 11 692.26 40,855.61 8,110.24 40,409..45 19,802-50 81 265.06 2,348-99 $10,331.80 2 716.60 . 8 3,713-33' ; 5 065.59 13 1.95 7.13% 1.84 6.44% 2.22 9.05% 1.92 9.56 95 310.19 $123,829.60 ,122.78 $ T113,387.91 65,973.43 76,601.83 200,431:43 $ $ 179,361.34 $10,441.69 $10,628.40 $ 21,070.09 17.27% 17.86% 15.71% 15.61% 2,955.83 2,007.87 4,963.70 2,886.63 1,854.16 4,740.79 69.20 153.71'� 222.91 •41 •46 •41 •44 125.94 11.04# 114.90 102.66 42.91# 59.75 23.28 31..87 55.15 .02 .02 .01# 238.57 - 238.57 39.26 - - 39.26 199.31 - 199.31 .03 $127,149.94 $ 78,598.66 $ 205,748.60 $116,416.46 $ 67,784.68 $. 184,201.14 $10,733:48 $10,813.98. $ 21,547.46 17.73% 18.34% 16.12% 16.04% NET INCOME 1,334.59 $ 207,083.19 1,079.07 $ 185,280.21 $ 3-,866.54 $ 2,194.61 $ 6,061.15 $ 2,456.02 $ 2,194.61 $ 4,650.63 $ 1,410.52 $ - 255.52 $ 21,802.98 $ 1,410.52 .• i LIQUOR DISPENSARY FUND COMPARATIVE OPERATING EXPENSES VILLAGE OF EDINA Selling: Salaries and wages Supplies Taxes and licenses Pro -rata promotion Miscellaneous Occupancy: Salaries and wages Rent Telephone Supplies Light and power Heat Property taxes Laundry Burglar alarm Insurance Repairs and maintenance Depreciation Rubbish hauling Miscellaneous Janitorial services Administrative: Salaries Supplies Professional services Allocated expenses - retirement, insurance, office supplies, etc. Miscellaneous TOTAL * Indicates red figure. -61- Y e a r E n d e d D e c e m b e r 3 1 1 9 6 0 1 9 5 9 Increase- Decrease# 50th Street Southdale Total 50th Street Southdale Total 50th Street Southdale Total $24,491.38 $16,036.05 $40,527.43 $21,633.30 $16,207.00 .$37,540.30 $ 2,858.08 $ 170.95* $ 2,687.13 983.59 872.60 1,856.19 1,309.03 678.82 1,987.85 325.44# 193.78 131.66- 54.00 54.00 108.00 79.00 54.00 133.00 25.00# - 25.00# -x.50 150.19 180..1509 - 164.72 164.72 _ 15.47 15.47 - 102.50 � 20,7.24 ,,_ .100.24# - 102.50# 202.74# �6 25,533.47 17,142.84 � 42,676.31 23,126.07 17,207:04 $40,333.11 $ 2,407.40 64.20# $ 2,343.20 $ 100.14 $$ - $ 100.14 $ 114.91 $ 25.73- $ 140.64 $ 14.77# $ 25.73# $ 40.50# - 10,877.87 10,877.87 - 10,412.81 .10,412.81 _ 465.06 465.06 305.60 249.60 555.20 231.30 237.00 468.30 74.30 12.60 86.90 266.82 97.38 364.20 171.80 262.08 433.88 95.02 164.70* 69.68# 1,591.77 1,095.25 2,687.02 975.31 1,041.76 2,017.07 616:46 53.49 669.95 331.60 - 331.60 350.23 - 350.23 18.63# -. 18.63# - 1,023.72 1,023.72 - - - _ 1,023.72 1,023.72 326.22 128.31 454.53 287.78 150.86 438.64 38.44 22.55# 15.89 163.00 - 163.00 248.00 - 248.00 85.00# - 85.00# 492.58 264.97 757.55 614.99 236.01 851.00 122.41# 25.96 93:45# 3,288.39 91.39 3,379.78 396.45 401.31 797.76 2,891.94 309.92* 2,582.02 3,866.54 2,194.61 6,061.15 2,456.02 2,194.61 4,650.63 1,410.52 - 1,410.52 30.00 120.00 150.00 109.50 60.00 169.50 79.50# 60.00 19.50# 148.03 10.00 158.03 80.99 70.00 150.99 67.04 60.00* 7.04 702.00 - 702.00 - 702.00 _ 702.00 11,612.69 16,153.10 27,765.79 6,037.25 $15,092.17 21,129:45 5,575:41 $1,060.93 6,636.34 $10,410.0Q $ 7,998.85 $18,408.85 $ 8,262.50 $ 6,250.00 $14,512.50 $ 2,147.50 $1,748.85 $ 3,896.35 327.25 225.48 552.73 384.82 235.58 620.40 57.57# 10.10* 67:67# 938.00 783.00 1,721.00 1,031.50 515.25 1,546.7.5 93.50* 267.75 174.25 2,340.00 1,740.00 4,080.00 1,950.00 1,050.00 3,000.00 390.00 690.00 1,080.00 26.00 79.51 105.51 63. 59.41 122.85 37.44 *' 20.10 17.34# $14,0111.25 $10.,826.84 $24,868.09 $11,692.26 $ 8,110.24 $19,502.50 $ 2,348.99 $2,716.60 $ 51065.59 $51,187.41 $44,122.78 $95,310.19 $40,855.61 $40,409.45 $81,265.06 $10,331.80 $3,713.33 $14,045.13 -61- LIQUOR DISPENSARY FUND ANALYSIS OF CHANGE IN CASH BALANCE VILLAGE OF EDINA Year Ended December 31, 1960 Balance at January 1, 1960 Additions: Gross sales Cash discounts I'hterest received on investments Decrease in prepaid expenses Other revenue Deductions: Merchandise purchased Bottle refunds Operating expenses Less depreciation included therein not requiring cash Net additions to'fixed assets Transfers: General Fund Park Fund Park Construction Fund Increase in working funds Increase in accounts receivables Decrease in liabilities: Balance at January 1, 1960: Trade accounts Accrued payroll Due to other funds Balance at December 31, 1960: r Trade accounts Accrued payroll Summary: Demand deposits Time deposits TOTAL * Indicates red figure. 2,805.92# $1,206,433.72 4,963.70 1,040.63 204.14 353.47 1 212,995.66 T1,210,189-74 $ 919,059.05 1,721.62 $95,310.19 6,Q61-15. 89,249-04 1,322.39 $32,550.00 42,450.00 80,000.00 155,000.00 250.00 85.67 $15,484.85 1,935.70 62.29 17,482.84 $14,063.74 2,095.75 16,159.49 1,323.35 1,168,011.12 Balance at December 31, 1960 . $ 42,178.62 $ 178.62 42,000.00 $42,178.62 -62- ASSETS Land Land improvements Building Furniture, fixtures and equipment Leasehold improvements Construction in progress ALLOWANCE FOR DEPRECIATION AND AMORTIZATION Land improvements Building Furniture, fixtures and equipment Leasehold improvements NET BALANCE # Indicates red figure. LIQUOR DISPENSARY FUND FIXED ASSETS VILLAGE OF EDINA Year Ended December 31, 1960 Balance-. Balance January 1, December 31, 1960 Additions Deductions Transfers 1960 $ 16,500.00 $ 16,500.00 2,224047 2,224:47 49,440.72 $ 400.00 $25,491.20 75,331.92 14,195.23 1,346.00 8,376010 23,917.33 16,840-43 16 _ 840.43 $ 99,200.85 $1,746.05 134,814.15 _ 34,290.91 2,086°53 2,510.14 33,867_30# $133,491.76 $3,832.53 $2,510.14 $ - $134,814.15 $ 609.68 $ 92.40 $ 702.08 18,155.65 3,007.93 21,163.58 8,921.61 1,276.78 10,198.39 4,832.87 1,684.04 6,516.91 32 519.81 $6,061.15 $ - $ - g'38,580.96 $100,971.95 $.969233.19 -63- Fund: General: Current Poor: Current Park: Current Swimming Pool: Current Park Sinking: For bonds and interest ..Park Construction: For construction Improvement: Current For bonds and interest For construction Waterworks: Current Appropriated Sewer Rental: Current Liquor Dispensary: Current TOTAL Depository: Demand deposits: First Edina National Bank First Southdale National Bank Midland National Bank of Minneapolis Time deposits.: Fidelity Bank and Trust Midland National Bank Accrued interest on time deposits * Indicates red figure. CASH - ALL FUNDS VILLAGE OF EDINA December 31, 1960 Demand and Time For Working Deposits _Deposit _ Funds Total 794.25# $10,745.29 $ 400.00 $ 10,351.04 8,797.73 3,129.62 11,927.35 32,773.97 5,270.42 38,044.39 6,671.90 6,671.90 28,742.22 904e46 29,646.68 24,.113.20 24,113.20 A 10,439.07 $ 2,436.20 12,875.27 1,312,745.01 5,864.28 1,318,609.29 72 220.86 #.._ 72 220.86# 1,250,963.22 $,300.48 $ 1,259,263.70 $ 123,031.01 $ 87.03 $ 25.00 $ 123,143.04 19,687.88 '19,687.88 142,718.89 87.03 $ 25.00 142,830.92 17,203.05 19.55 17,222.60 16,05 26,123.72 2,000.00 44,178.62 $1,527,244.83 $54,580.57 $2,425.00 $1,584,250:40 $ 38,230.28* 1,698.44 12,906.06 $ 23,625.78# 1,050,000.00 500,000.00 870.61 $1,527,244.83 —64— SECURITY FOR DEPOSITS VILLAGE OF EDINA December 31, 1960 Demand deposits: First Edina National Bank First Southdale National Bank Midland National Bank of Minneapolis TOTAL TOTAL TOTAL Time deposits: Midland National Bank of Minneapolis TOTAL Fidelity Bank and Trust Company, Minneapolis, Minnesota * Indicates red figure. Deposits S e c u r i t y f o r D e p o s i t s r Books. Bank Principal Amount Description $ 38,230.28# $ 163,660.62 $ 200,000.00 United States Treasury bonds February 16, 1964 10,000.00 Federal Deposit Insurance Corporation _. $ 38,230.28# $ 163,660.62 $ 210,000.00 $ 1,698.44 $ 1,698.44 $ 12,906.06 $ 12,906.06 $ 500,000.00 $ 65,165.47 $ 65,165.47 $ 27,906.06 $ 27,906.06 $ 500,000.00 $1,050,000.00 $1,050,000.00 TOTAL $1,050,000.00 $1,050,000.00 $ 100,000.00 20,000.00 10,000.00 $ 130,000.00 $ 35,000.00 15,000.00 10.000.00 $ 60,000.00 $ 500,000.00 $1,000,000.00 55,000.00 10,000.00 $1,065,000.00 United States Treasury bonds Village of Edina, Minnesota 2.70% Improvement Bonds Federal Deposit Insurance Corporation May 15, 1966 March 1, 1966 and 1967 Independent School District No. 1, Rice County, Minnesota, 2.60% School Building Bonds January 1, 1964 City of Moorhead, Minnesota 1.90% Certificates of Indebtedness February 1, 1964 Federal Deposit Insurance Corporation United States Treasury bonds United States Treasury certificates United States Treasury notes Federal Deposit Insurance Corporation September 15, 1972 August 1, 1961 February 15, 1963 —65— Description Village of Edina, Minnesota: 1952 Improvement Bonds Sanitary Sewer #53 Improvement Bonds 1954 Improvement Bonds 1955 Waterworks Revenue Bonds 1956 Improvement Bonds 1957 Improvement Bonds 1957 Park Bonds 1958 Improvement Bonds 1959 Improvement Bonds 1959 Waterworks Revenue Bonds 1960 Improvement Bonds FUND OWNERSHIP Improvement Funds: Special Assessment Funds Improvement Funds Construction Sewer Rental Waterworks Liquor Dispensary General Poor Park Construction Park Park Sinking Balance January 1, 1960 $ 14,000.00 1,553,000.00 95,000.00 $1,662,000.00 165,000.00 27,000.00 9,000.00 96,000.00 INVESTMENTS VILLAGE OF EDINA December 31, 1960 Purchased $ 13,000.00 773,000.00 450,000-00 1,236,000.00 6,000.00 115,000.00 85,000.00 65,000.00 9,000.00 TOTAL $ 650,000.00 Balance December 34 Sold 1960 $ 27,000.00 1,808,000.00 X5,000.00 $2,380,000.00 6,000.00 280,000.00 85,000.00 65,000.00 9,000.00 25,000.00 25,000.00 25,000.00 25,000.00 518,000.00 518,000.00 27,000.00 9,000.00 96,000.00 $1,959,000.00 $1,566,000.00 $2,875,000.00 $650,000.00 Carrying Amount December 31, 1960 507,546.51 507,546.51 27,320.30 9,000.00 96,000.00 $639,866.81 .. Maturity Interest Rate Face Value March 1, 1963 2.75% $ 10,000.00 January 1, 1965 3.25 .5,000.00 March 1, 1961 2.40 5,000.00 March 1, 1969 and 1970 2.50 9,000.00 March 1, 1962 and 1963 3040 96,000.00 March 1, 1971 to 1979 3.70 to 3.90 191,000.00 March 1, 1968 to 1973 3.70 96,000.00 March 1, 1961 to 1967 2.00 to 2.70 20,000.00 March 1, 1966 to 1969 2.75 to 3.50 109,000.00 September 1, 1971 and 1974 3.40and 3.50 27,000.00 June 1, 1968 to -1970 3.20 to 3.30 82,000._00 Purchased $ 13,000.00 773,000.00 450,000-00 1,236,000.00 6,000.00 115,000.00 85,000.00 65,000.00 9,000.00 TOTAL $ 650,000.00 Balance December 34 Sold 1960 $ 27,000.00 1,808,000.00 X5,000.00 $2,380,000.00 6,000.00 280,000.00 85,000.00 65,000.00 9,000.00 25,000.00 25,000.00 25,000.00 25,000.00 518,000.00 518,000.00 27,000.00 9,000.00 96,000.00 $1,959,000.00 $1,566,000.00 $2,875,000.00 $650,000.00 Carrying Amount December 31, 1960 507,546.51 507,546.51 27,320.30 9,000.00 96,000.00 $639,866.81 .. Taxable valuation: Real estate Personal property Tax levies extended: Extended in year Collectible in year General Parks Bonds and interest Poor and public nursing Firemen's relief Fire protection Hennepin County Park Tax rate by mills: General Parks Bonds and interest Poor and public nursing Firemen's relief Fire protection Hennepin County park TAXABLE VALUATIONS, TAX LEVIES AND RATES VILLAGE OF EDINA TOTAL TOTAL December .31 1960 .1959 $24,728,149.00 $23,054,939.00 2,531,359.00 2,356,778.00 $27,259,508.00 $25,411,717.00 1960 1961 $ 659,407.50 54,246.42 43,342.61 7,632.66 7,905.26 7,905.26 1908.16 $ 782,347.87 24.19 .29 1.99 1.59 .29 .28 .07 TOTAL 28.70 1959 1960 $ 587,773.01 51,077.55 46,503:44 7,877.63 7,623.52 7,623.52 $ 708,478.67 23.13 2.01 1.83 .31 .30 .30 27.88 -67- MUNICIPAL COURT FINES VILLAGE OF EDINA Year Ended December 31, 1960 Fines and costs imposed and collected: Balance uncollected January 1, 1960 Fines and costs imposed Collections by.Clerk of Court Balance uncollected December 31, 1960 .: State and _Village County _ Total $ 414.00 $ 414.00 47,049-00 $47,463.00 49.00 47,498-00 49.00 $47,912.00 46,728.00 449.00 47,177.00 $ 735.00 $ — 735.00 .: Position On file with Clerk— Treasurer: Blanket position Blanket position Village Manager Clerk— Treasurer On file with Secretary of State: Clerk of Municipal Court Deputy Clerk of Municipal Court On file with County Auditor: Assessor Deputy Assessor do OFFICIAL BONDS VILLAGE OF EDINA December 31, 1960 _ Name Term Expires Bond Expires _ Amount Surety _ Police department employees February 13, 1961 2,500.00 The Aetna Casualty and Surety Company All Village employees not otherwise specifically bonded February 13, 1961 $25,000.00 The Aetna Casualty .and 'Surety Company Warren C. Hyde December 31, 1961 February 13, 1961 $50,000.00 The Aetna Casualty and Surety Company Gretchen S. Alden December 31, 1961 February 13, 1961 $25,000.00 The Aetna Casualty and Surety Company Mrs. Dorothy Frazier Indefinite November '9, 1961 $ 1,000.00 The Aetna Casualty and Surety Company Kathryn B. Beard Indefinite November 9, 1961 $ 1,000.00 The Aetna Casualty and Surety Company Donald L. Kearns Indefinite January 1, 1963 $ 500.00 The Aetna Casualty and Surety Company Loukas M. Angelus Indefinite September 1, 1961 ..$ 500.00 The Aetna Casualty and Surety Company Charles Fietz Indefinite September 1, 1961 $ 500.00 The. Aetna Casualty and Surety Company .• INSURANCE COVERAGE VILLAGE OF EDINA December 31, 1960 Building and contents: Village Hall Library Tool House Garage Storage Shed Municipal Liquor Store - 50th Street Pumping Stations: Number 1 Number 2 Number 3 Number 4 Number 5 Number 6 Number 7 . Number 8 Number 9 Water Tower - Concord Street Water Tower - 69th Street Inventories: Liquor Store - 50th Street Liquor Store - Southdale Automotive: Bodily injury Property damage Comprehensive Fire and Extended Coverage Buildings Contents $346,000(B) $+4,000(B) 25,000(D) 48,000(D) 14,400(D) 6,400(D) 65,000(D) 4,400.(B) 2,400(B). 2,300(B) 5,200(B) 3,200(B) 7,200(B) 7,000(B) 7,200(B) 6,200(B) 9,600(B) 7,800(B) 9,600(B) 8,000(B) 8,000(B) 8,300(B) 6,400(B) 8,300(B) 9,600(B) 12,200(B) 80,000(D) and Southdale liquor stores. 144,000(D) Village Liquor Store: Comprehensive glass breakage Burglary, robbery, and theft - within premises - Note E Burglary, robbery, and theft - outside premises - Note E Burglary, robbery, and theft - merchandise - Note E Other Insurance: General liability: Automotive non - ownership, independent contractor, and Village premises - operations: Bodily injury Property damage Workmen's compensation Edina Volunteer Fire Department group accident policy, maximum each fireman Property floater all risk - voting machines Property floater - equipment other than automotive Note A - 40% coinsurance Note B - 80% coinsurance Note C - 90% coinsurance Note D - 100% coinsurance Note E - 50th and Southdale liquor stores. n +1,-- $215,000(D) 70,000(C) $250 / 500,000 50,000 Actual Cash Value Actual 5,000 5,000 7,500(A) 250 / 500,000 50,000 Statutory 3,000 38,275 Actual Cash Value -70- ORGANIZATION VILLAGE OF EDINA December 31, 1960 -71- Elected, Term Re— elected or Expires Re— appointed to December 31 December 31 Village Council: Mayor: Arthur C. Bredeson 1961 Trustees: Frank J. Tupa 1960 1963 Wm. Dickson 1962 John A. Kohler (resigned June 27, 1960) 1960 R. N. Beim 1961 James Van Valkenburg (appointed June 27, 1960) 1960 1963 Clerk— treasurer: Gretchen S. Alden (appointed) 1960 1961 Assessor: Donald Kearns (appointed). 1960 1961 Municipal Court: Donald S. Burris, Judge 1962 Bruce B. James, Special Judge 1962 Village Manager: Warren C. Hyde Appointed by Council Village Attorney: Maynard B. Hasselquist 1960 1961 Prosecuting Attorney:. Walter Gustafson 1960 1961 Engineer: _ Joseph Zikan 1960 1961 Finance Director: J. N. Dalen 1960 1961 -71-