HomeMy WebLinkAbout1962 Financial StatementsST. :•
AUDITED FINANCIAL STATEMENTS
AND OTHER FINANCIAL INFORMATION
VILLAGE OF EDINA, MINNESOTA
December 31, 1962
Z r_
INDEX
ACCOUNTANTS' REPORT ON AUDITED FINANCIAL STATEMENTS........ PAGE 4
COMMENTS AND ACCOUNTANTS' REPORT ON OTHER FINANCIAL
INFORMATION................ ...............................
FUNDBALANCE SHEETS ...... .. ... ...........................'.. -9
GENERAL FUND:
BALANCESHEET.... o.o ....... o.o ... oesec00000c0000000000ce.. 11
STATEMENTOF SURPLUS ...... ............................... 12
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 13
REVENUE................... ............................... 14.
EXPENDITURES.............. ............................... 15
CENTRALSERVICES .......... ............................... 18
FIXEDASSETS .............. ...o.o......................... 19
POOR FUND:
BALANCESHEET ............. ............................... 20
STATEMENT OF SURPLUS — UNAPPROPRIATED .................... 21
STATEMENT OF REVENUES AND EXPENDITURES ................... 21
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 22
i'd:. No .
BALANCESHEET............. ............o.................. 23
STATEMENT OF UNAPPROPRIATED SURPLUS ...................... 24
ANALYSIS OF SURPLUS INVESTED IN FIXED ASSETS.. ... o....... 24
ANALYSIS OF CHANGE IN CASH BALANCE— ...... o.o .... 000.o.. 25
REVENUEAND EXPENDITURES— ... 000.000eog0000000000c0000000 26
FIXEDASSETS.... ........... ............................... 27
SWIMMING POOL FUND:
BALANCESHEET ........ .. o .. ............................... 28
STATEMENTOF SURPLUS ...... .........o..................... 29
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 30
STATEMENT OF INCOME AND EXPENSE ....... ....... ............ 31;
STATEMENT OF INCOME AND EXPENSE (CONCESSIONS ONLY)....... 32
FIXEDASSETS .............. ............................... 33
PARK SINKING FUND:
BALANCESHEET ............. ............................... 34
STATEMENTOF SURPLUS ...... ............................... 35
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 36.
BOND AND INTEREST MATURITIES, DEFERRED TAX LEVIES„
AND RESERVE FOR UNCOLLECTIBLE TAXES ..................... 37
PARK CONSTRUCTION FUND:
BALANCESHEET ..... . ...... o ............................... 38
ANALYSIS OF RESERVE FOR CONSTRUCTION ..................... 39
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 40
FIXEDASSETS.... o.000...o.o.o..ocooce,000000000s000s00000 41
INDEX (Cont'd)
IMPROVEMENT FUNDS:
COMBINEDBALANCE SHEET .... ............................... PAGE 42
STATEMENT OF SURPLUS — UNAPPROPRIATED .................... 43'
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 44
BONDSPAYABLE ................ o .... �00000s000000000000seeoo 46
WATERWORKS FUND:
BALANCESHEET........... . ............................... 47
NOTESTO BALANCE SHEET .... ............................... 48
STATEMENTOF SURPLUS ...... ............................... 49
STATEMENT OF INCOME AND EXPENSE .......................... 50
ANALYSIS OF CHANGE IN CASH BALANCE....................... 52
FIXEDASSETS .............. ............................... 53
SEWER RENTAL FUND:
BALANCESHEET........... e e .................... o 6 6 ........ 54
STATEMENT OF SURPLUS.......... 55
STATEMENTOF INCOME AND EXPENSE .......................... 56
ANALYSIS OF CHANGE IN CASH BALANCE..,.. 57
FIXEDASSETS............. ......o........................ 58
LIQUOR DISPENSARY FUND:
BALANCESHEET ............. ............................... 59
STATEMENTOF SURPLUS ....... ............................... 60
COMPARATIVE STATEMENT OF INCOME AND EXPENSE .............. 61
COMPARATIVE OPERATING EXPENSES ........................... 62
ANALYSIS OF CHANGE IN CASH BALANCE ....................... 63
FIXEDASSET S........ o ..... ............................... 64
GENERAL:
CASH— ALL FUNDS .......... ............................... 65
SECURITYFOR DEPOSITS .......... .............o............ 66
INVESTMENTS.... o .... o...o.o....o ....... o.o..0000ev000-000 67
TAXABLE VALUATIONS, TAX LEVIES AND RATES.... oo ........... 68
MUNICIPALCOURT FINES ..... ............................... 69
OFFICIAL BONDS..... . .. .. ............... . 70
INSURANCE "COVERAGE.................. 71
ORGANIZATION....... o ................ ........ ... 72
•O
ERNST & ERNST
FIRST NATIONAL BANK BLDG.
MINNEAPOLIS 2, WNW
ACCOUNTANTS' REPORT ON AUDITED FINANCIAL STATEMENTS
To the Village Council
Village of Edina, Minnesota
We have examined the balance sheets of the various funds of the Village of Edina,
Minnesota as of December 31, 1962 and the related statements of revenues and ex
penditures or income and expense and surplus for the year then ended. Our exam-
ination was made in accordance with generally accepted auditing standards, and
accordingly included such tests of the accounting records and such other auditing
procedures as we considered necessary in the circumstances.
In our opinion, the accompanying balance sheets 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, 1962 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 yearn
Minneapolis, Minnesota
May 20, 1963
—4—
ERNST & ERNST
FIRST NATIONAL BANK BLDG.
MINNEAPOLIS 2, MINN.
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 ex-
pense, 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 neces-
sary 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 per-
tinent to our examination:
Cash on deposit at December 319 1962 was reconciled to balances reported directly
to us by the various depositories. Cash working funds and cash on hand for deposit
at December 31, 1962 were counted by us.
Cash receipts and cash disbursements procedures were reviewed and tested by us for
selected periods during the year to determine that proper procedures were being
followed to control recording of receipts and that proper authorization was pro-
vided 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, 1962 were
tested by direct correspondence and by review of the records for subsequent col-
lections. Differences reported were not material and were explained to our satis-
faction.
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.
-5-
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 reference to vendors' invoices and by tests of clerical accuracy.
Additions to and disposals from fixed asset accounts were reviewed by us and veri-
fied by inspection of contracts, invoices or other data. Allowances for deprecia-
tion charged to operating funds of the Village were reviewed by us.
We tested accounts payable by direct correspondence and by reference to disburse-
ments subsequent to December 3.1, 1962.
Canceled bonds and interest coupons redeemed and paid during 1962 were inspected
by us.
Official minutes of the Village Council for 1962 were read by us.
Copies of licenses and permits issued during the year were tested to recorded col-
lections. 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 11 to 19, inclusive.
POOR FUND
Reference is made to detail schedules elsewhere in this report as to operations
of this fund. Such details appear on pages 20 to 22, inclusive.
PARK FUND
Reference is made to detail schedules elsewhere in this report as to operations
of this fund. Such details appear on pages. 23 to 27, inclusive.
SWIMMING POOL FUND
Detail schedules outlining financial operations of this fund are shown on pages
28 to 33, inclusive, of this report. Attention is directed to the net loss of
$7,603.40 from swimming pool and related concession operations. Such loss is
after the provision of, $7,597-50 for interest on bonded debt issued for the swim-
ming pool facilities, and the provision of $7,249.13 for depreciation on swimming
pool facilities.
PARK SINKING FUND
Reference is made to detail schedules appearing on pages 34 to 37, inclusive, 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 detail.s appear on pages 38 to 41, inclusive. Fixed assets
for park purposes amounting to $64,880.58 were purchased during the year. Funds
were made available from a $150,000.00 bond issue sold during the year.
—6—
IMPROVEMENT FUNDS
Reference is made to detail schedules elsewhere in this report as to operations
of these funds and the related Construction Fund. Such details appear on pages
42 to 46, inclusive, 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 canceled assessments.
Construction funds were made available from the sale of $1,000,000.00 of Improve-
ment Bonds of 1962. In addition, certain state aid projects were financed with
funds from the sale of $3944594.12 of Municipal State —Aid Street Bonds of 1962.
WATERWORKS FUND
Reference is made to detail schedules elsewhere in this report as to operations
of this fund. Such details appear on pages 47 to 53, inclusive.
A temporary loan of $37,000.00 from the Improvement Bond Redemption Fund was
authorized by the Village Council on December 11, 1961 and is still outstanding.
Net loss of the fund for the year amounted to $13,047.97 as compared -to net in-
come of $3,839°69 for 1961. The principal reasons for this decrease in net in-
come may be summarized-.as follows:
Decrease in income from sales of water, water
meters and other services $11,978.61
Increase in depreciation charges included in
operating expense $ 6,544.02
Less:
Decrease in other - operating expenses $ 514030
Decrease in other deductions 1,120.67 1,634.97
INCREASE IN EXPENSES 4,909.05
DECREASE IN NET INCOME $16,887.66
SEWER RENTAL FUND
Reference is made to detail schedules elsewhere in this report as to operations
of this fund. Such details appear on pages 54 to 58, inclusive.
—7—
LIQUOR DISPENSARY FUND
Reference is made to detail schedules elsewhere in this report.as to operations
of this fund. Such details appear on pages 59 to 64, inclusive.
Net income of the fund amounted to $253,372.47 for the year. Of this amount,
$125,000.00 was transferred'to other funds of the Village by action of the Village
Council.
SECURITY FOR DEPOSITS
Reference is made to schedule on page 66 of this report showing details of deposits
of the Village and securities pledged as collateral thereof.at December 31, 1962.
Security for deposits-at the Midland National Bank were inadequate 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 per cent of the market
value of the collateral pledged exclusive of amounts covered by federal deposit
insurance.
Midland
National Bank
Balance on deposit $283,731.10
Security for deposits
Collateral at 90% of market $159,041.25
Federal deposit insurance 10,000.00
$169,041.25
BONDING REQUIREMENTS
A $1,000.00 bond for the deputy clerk of court was not filed with the Secretary
of State as required by M. S. A. Section 488.10.
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 20, 1963
—8—
FUND BALANCE SHEETS
VILLAGE OF EDINA
December 31, 1962
ASSETS
Cash:
Current funds
Appropriated
.Investments:
United States Government securities —
at face value or cost
Village of Edina bonds — at face
value or cost
Amounts segregated and shown below
Receivables:
Taxes and special assessments:
Current
Delinquent
Deferred
Customers
Due from State Aid Account — State
of Minnesota
Due from other funds
Miscellaneous,receivable
Less allowance for delinquent taxes
Inventories
Prepaid expenses
Segregated investments for reserve
for debt retirement
Construction in progress
Fixed assets
Unallocated construction cost
( ) Indicates deduction.
F u n d s
Swimming Park Sewer Liquor
..Total Genera -1- Poor Park Pool Park Sinking` Construction Improvement Waterworks Rental Dispensary
484,914,26. $ 147,251.84 $ 3,882.23 8,797.04. $ 2,436.60 13,978063 ( 5,033,50) $ 295,969.50 ( 25,582.76) 6,892.70 36,421.98
19,254.63 19,254.63
504,168.89 147,251 84 3,882023 8,797.04 2,436.60 $ 13,978.63`($ 5,033.50) 295;869.50 ( 6,328.13) 6,892.70 $ 36,421.98
1,198,629.28 $ 100,000.00 $ 30,00000 25,000.00 $ 30,000.00 $ 764,930.00 $ 69,588.48 $29,942.78 $149,168.02-
1,076,988.24
$15,000.00
10,000.00
106,000.00
919,210.63
26,777.61
$ 2,275,617,52
$
100,000.00
$15,000.00
$ 30,000000
$ _
$ 35,000.00
$136,000.00
$
1,684,`140.63
$
69,588,48
$29,942.78
$175,945.63
46,834.75
46,834.75
-
$ 2,228,782.77
$
100,000.00
$15,000.00
$ 30,000-00,
$ 35,000.00
$136,000.00
$
1,684;140.63
$
22,753.73
$29,942.78
$175,945.63
$ 1,370,065.56
$ 35,000.00
$
1,334,736.56
$ 329.00
1,398,960.79
$
20,785.53
$ 27.23
$ 232.33
1,108,000.00
269;915.70
6,3:10,987.67
6,310;:987.67
40,986.25
$
25,028,08
15,958017
424 939141
424,391:41
.
204,114.68
100,190.34
11,944.50
83,556.24
8,423.60
13,703,12
9,904,14
8.88
3,790.10
$ 9,763,209.48
$
130,880.01
$ 36.11
$ 232.33 '
$ -
$1,154,944.50
$ -
$
8,427,377.68
$
33,451.68
$16,287.17
$ -
715,314.46
20,785.53
27.23
232.33'
43,175.00
651094.37
$ 9,047,895.02
$
110,094.48
$ 8.88
$ -
$ -
$1,111,769.50
$ -
$
7,776,283.31
$
33,451.68
$16,287,17
$ -
288,473.01
10,000.00
8,225.66
270,247.35
6,002.17
585.84
3,905.60
399.54
1,111.19_
46,834.75
46,834.75
2,063,567.18
21063;567.18
6,121,750.75
1,340,062087
313,388.07
;,180,715.24
839,479.14
.
3,351,733.94
13,785.77
82,585.72
- :.82,831.02
820831.02
-
$20,390,305.56 $1,707,409.19 $18,891.11 $352,185.11, $183,151.84 $1,161,333.97 $970,445.64 $11,906;597.24 $3,457,071.17 $66,908.42 $566,311.87
N
FUND BALANCE SHEETS (Cont'd)
LIABILITIES, RESERVES AND SURPLUS
Due to other funds
..,Accounts payable
Salaries and wages
Duec.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 (deficit)
F u n d s =
Swimming Park Sewer Liquor
Total General Poor Park Pool Park Sinking Construction Improvement Waterworks Rental Dispensary
204,114.68
182,766.19
11,873.20
;11,456.00
111,979.07
33,486.29
18,242.85
404,857.83
7,792.57
18,881.16
'316,372.29
11,635,594.12
- 33,350.21
142,816.38
$ 81423.60 107.56 $ 11,944.50 146,556.24 37,063.72 $ 19.06
76,372.19 68.79 645.19 61.59 15,652.09 2,150.55 7,595.62 $54,952.42 25,267.75
4,881.88 3;168.27 ! 753.12 806.90 2,263.03
11,456.00
$. 29,125000 78,181023 4,672.84
21243.15 31,243.14
18,242.85
404,857.83
5,618,750.75 1,340,062.87
18,88116.,
313,388.07 180,715.24
286,575.00
810,000.00
115,314.41
839;479.14
7,792.57
29,797.29
10,359;;594.12
33,350.21
27;501.97
466,000.00
2,848,733.94 13,785.77 82,585.72,
600.00. 600.00
66,089.38 66,089.38
139,558.00 139,558.00
1,431,724.59 117,024.65 18,822.32 15,994.86 ( 9,569.49) 35,633.97 774;116.09 26,162.55 ( 2,636.67) 456.176.31
$20,390,305.56 $1,707,409.19 $18,891.11 $352,185.11; $ 183,151.84 $1;161,333.97 $970,445.64 $11,906,597.24 $3,457,071.17 $66,908.42 $566,311.87
1
—10—
GENERAL FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1962
ASSETS
Due to Waterworks Fund
Cash:
$ 8,423.60
Accounts payable:
Demand deposits
Trade accounts
146,651.84
Working funds
4,881.88
600,00
$ 147,251.84
Investments:
Sundry deposits -
2,243.15
United States Government securities -
Appropriated surplus:
at face value
$1,269,990.21
100,000.00
Receivables:
Reserve for commitments
22,300.00
Due from other funds:
Reserve for improvements
117,258.00
Liquor Dispensary Fund
19.06
1,480,220.87
Surplus — unappropriated
Waterworks Fund
63.72
Park Fund
107.56
$ 190.34
Accounts receivable
9,904.14
10,094-48
Supply inventory — estimated.:-
10,000.00
Advance to Construction Fund
100,000.00
Taxes receivable — delinquent
20,785.53
Less allowance for delinquent taxes
20,7$5.53
—
Fixed assets
1,340,062.87
$1,707,409.19
LIABILITIES AND SURPLUS -
Due to Waterworks Fund
$ 8,423.60
Accounts payable:
Trade accounts
$ 76,372.19
Accrued payroll
4,881.88
Edina Firemen's Relief Association
18,242.85
Sundry deposits -
2,243.15
101,740.07
Appropriated surplus:
Invested in fixed assets
$1,269,990.21
Contributed — invested in fixed assets
70,072.66 $1,340,062.87
Reserve for commitments
22,300.00
Reserve for improvements
117,258.00
For imprest cash
600.00
1,480,220.87
Surplus — unappropriated
117,024.65
$1,707,409.19
—11—
GENERAL FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1962
APPROPRIATED
Balance at January 1, 1962
Additions (deductions):
Transfers from unappropriated surplus:
For fixed assets - net
Fixed assets retired
For commitments
For improvements
For imprest cash
Balance at December 31, 1962'
UNAPPROPRIATED
Balance at January 1, 1962
Additions:
Revenue - see separate schedule
Less expenditures - see separate schedule
Deductions:
Purchase of land:
Garage site
Highway right -of -way
General Fund share of construction costs
Transfer to reserve for imprest cash
Transfer to reserve for improvements
Total .
$1,271,186.53
168,104°45
( 19,868.11)
10,698.00
50,000.00
100.00
$1,480,220.87
Invested in
Fixed Assets
$1,121,753.87
168,104.45
( 19,868.11)
Contributed
$70,072.66
$1,269,990.21 $70,072.66
For Imprest
Cash
500.00
For
Commitments
.11,602,00
10,698.00
100.00
$ 600.00 $ 22,300.00
$1,163,877.42
1,050,815.02
$110,000.00
13,254.16 $ 123,254.16
- 18,204.73
$ 100,00
50,000-00
Balance at December 31, 1962
For
Improvements
67,258.00
50,000.00
$117,258..00
$195,521.11 .
113,062.40
$308,583.54
141,458.89
$167,124065
50,100.00
$117,024.65.
-12-
GENERAL FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
-Year Ended December 31, 1962
Balance at January 1, 1962
Additions:
Receipts — per separate schedule
Sale of investments
Collections of amounts due o- thers:
Waterworks Fund .
Edina Firemen's Relief Association
Collection made on accruals at
December 31, 1961
Deductions:
Disbursements — per separate schedule
Charges to accounts receivable and other
funds . ._
Payment on accruals at Decembea- 31,1961.
Trade accounts
Accrued payroll
Edina Firemen's Relief Association
Due to other funds
Increase in petty cash
Purchase of investments
Decrease in sundry deposits
Purchase of land charged directly to
surplus
Village share of construction costs
charged directly to surplus
$ 240,984.43
$1,156,867.13
50,000.00
$ 8,423.60
18,242.85 26,666:45
35,001.62 1,268,535.20
$1,509,519.63
$ 965,314.38
4,447.48
$80,497.97
4,389.60
.16,530.27
8,045.95 109,463.79
100.00
150,000.00
83.25
115,254.16
18,204.73 1,3629867.79
Balance at December 31, 1962 $ 146,651.84
—13—
Real and personal
property taxes
Other taxes
Bicycle licenses
Beer and liquor licenses
Cigarette licenses
GENERAL FUND
REVENUE
VILLAGE OF EDINA
Year Ended December 31, 1962
Receipts Accruals Revenue
$ 687,882.34-
27,224.35
783.25
1,570.00
621.00
$ -6879882.34 $
27,224.35
783.25
1,570.00
621.00
Actual
Revenue
Over= Under#
Estimated Estimated
Revenue Revenue
687,236.00 $ 646.34
18,500.00 8,724.35
600.00 183.25
1,355.00 215.00
612.00 9.00
Dog and impounding fees
4,931.20
4,931.20
4,000.00
931.20
Food and soft drinks
2,570.00
2,570.00
1,555.00
1,015.00
Gas pump licenses
750.00
750.00
665.00
85.00
Bowling, taxi, pinball,
milk plant, etc.
4,355.00
4,355.00
3,838.00
517.00
Plumbing licenses
2,425.00
2,425.00
2,200.00
225.00
Scavenger and garbage
collectors
521.00
521.00
410.00
111.00
Building permits
15,912.00
15,912.00"
18,000.00
2,088.00#
Cesspool and sewer permit
4,006.00
4,006.00
3,500.00
506.00
Plumbing permits
7,261.40
7,261.40
8,000.00
738.60#
Sign permits
3,316.43
3,316.43
3,200.00
116.43
Street opening fees
820.00
820.00
400.00
420.00
Planning fees
792.00
792.00
1,200.00
408.00#
Engineering, clerical,
searches
115,909.13
$ 296.16
116,205.29
115,000.00
1,205.29
Police and fire service
6,000.00
-
6,000.00
5,000.00
1,000.00
Equipment rental
2,290.02
2,192.13
4,482.15
2,000.00
2,482.15
Municipal court fines
40,651.00
40,651.00
45,000.00
4,349.00#
Income on investments
2,303.08
2,303.08
2,303.08
Board and room of prisoners
100.00
100.00#
State apportionments -
highway
31,170.00
31,170.00
19,000.00
12,170.00
State apportionments -
liquor and cigarettes
82,652.90
82,652.90
71,000.00
11,652.90
Contributions from active
funds
85,526.00
85,526.00
85,526.00
-
Charges to other funds
10,.320.00
10,320.00
10,320.00
-
Sale of fixed assets
6,751.22
6,751.22
100.00
6,651.22
Discount earned
851.37
35.95
887.32
887.32
Other revenue
6,701.44
384.05
7,085°49
4,875.00
2,210:49
Transfer - reserve for
encumbrances
4,102.00
4,102.00
4,102.00
-
TOTAL
$1,156,867.13
-------------
$7,010.29
--- - - - - --
$1,163,877.42
------- - - - - --
$1,117,294.00
------- - - - - --
$46,583.42
---- - - - - --
-14-
GENERAL GOVERNMENT
Mayor and Council
Planning
Administration:
Personal services
Contractual services
Commodities
Fixed charges
::'TOTAL .ADMINISTRATION
Finance:
Personal services
Contractual services
Commodities
Fixed charges
TOTAL FINANCE
Municipal court:
Personal services
Contractual services
.Commodities
Fixed charges
TOTAL MUNICIPAL COURT
Elections
Assessing:
Personal services
Contractual services
Commodities
Fixed charges
TOTAL ASSESSING
Legal services
Library
TOTAL GENERAL GOVERNMENT
ENGINEERING
GENERAL FUND
EXPENDITURES
VILLAGE OF EDINA
Year Ended December 31, 1962
Disburse- Encum-
ments brances
Unexpended
Expenditures Appropriations Balance
$ 9,367.20 $ 9,367.20 $ 9,510.00 $ 142.80
12,669.51 $ 29.40 12,698.91 12,895.00 196.09
$ 38,380.84 $ 38,380.84 $ 39,316.00 $ 935.16
5,285.73 $ 120.73 5,406.46 5,506.00 99.54
291.85 291.85 378.00 86.15
8 136.00 8 136.00 8,136.00
52,094442 6 120.73 6 52,215.15 53,336-00 1,120.85
$ 27,330.00 $ 27,330.00 $ 27,350.00 $ 20.00
2,640.55 2,640.55 2,863.00 222.45
50.00 50.00
5,100-00 5 100.00 5,100.00 -
35,070.55 6 35,070.55 F-35,363-00 6 292.45'
$ 16,900.75 $ 16,900.75 $ 16,920.00 $ 0.25
3,245.85 $ 36.00 3,281.85 3,300.00 18.15
603.33 14.04 617.37 1,200.00 582.63
4 020.00 4,020.00 4,020.00 -
24,769.93 50.04 24,819.97 $ 25,440.00 620.03
4,391.11 210.00 4,601.11 7,240.00 2,638.89
$ 33,056.03 $ 33,056.03 $ 32,822.00 $ 234.03#
2,662.76 $ 25.05 2,687.81 2,713.00 25.19
230.62 230.62 231.00 .38
4,536.00 4,536.00 4,536.00
40,485.41 25.05 40,510.46 40,302.00 208.46*
14,704.66 3,463.80 18,168.46 19,390.00 1,221.54
3 317.00 96.86 3,413.86 39553-00 139.14
196,869.79 3,995.88 8 200,865.67 207,029.00 ,163.33
Personal services
$ 99,167.04
$ 99,167.04
$ 99,300.00
$ 132.96
Contractual services
3,345.45
$ 39.97
3,385.42
4,088.00
702.58
Commodities
2,834.58
437.34
3,271.92
3,680.00
408.08
Fixed charges
TOTAL ENGINEERING
14,340-00
14,340-00
120,164.38
14,340..00
$121,408.00
-
1,243.62
477.31
119,687.07
PUBLIC WORKS
Administrative and - overhead:
Supervision and clerical
$ 32,858.26
$ 20.80
$ 32,879.06
$ 32,900.00
$ 20.94
Training
940-95
56.92
997.87
1,000.00
2.13
Paid leave
14,622.19
1,942.04
16,564.23
16,600.00
35.77
TOTAL ADMINISTRATIVE
AND OVERHEAD
$ 48,421.40
$ 2,019.76
$ 50,441.16
$ 50,500.00
$ 58.84
-15-
GENERAL FUND
EXPENDITURES (Cont'd)
Disburse-
Encum-
Unexpended
ments
brances
Expenditures
Appropriations
Balance
PUBLIC WORKS (Cont'd)
.Street maintenance:
General
$ 51,661.03
$ 536.26
$ 52,197.29
$ 52,250.00
$ 52.71
Patching
25,124.70
2,449.90
27,574.60
27,600000
25.40
Street cleaning
19,281.91
19,281.91
19,320.00
38.09
Sealing
43,705.71
43,705°71
43,752.00
46.29
Curb repair
1,944.37
38.61
1,982.98
2,004.00
21.02
Snow and ice removal
TOTAL STREET MAINTENANCE
30 937.89
$172,655.61
2,134.71
8 5,159.48
33,072.6o
6 177,815.09
33 100.00
178,026.00
27.40
210.91
Street lighting
38,678.49
38,678°49
38,730.00
51.51
Street name signs:
General
$ :4,108.64
$ 68.96
$ 4,177.60
$ 4,200.00
$ 22.40
New sign installation
527.30
61.50
588.80
600.00
11020
TOTAL STREET NAME SIGNS
4,635094
8 130.46
T 4,766.40
4,800.00
6 33.60
Traffic control:
Sign maintenance
$ 5,813039
$ 325.65
$ 6,139.04
$ 6,206.00
$ 66.96
Signal maintenance
3,181.58
236.37
3,417.95
3,450.00
32.05
Pavement marking
2,870.20
38.00
2,908.20
2,950.00
41.80
Guard rail maintenance
2,970-93
2,970-93
3 000.00
60
29.07
TOTAL TRAFFIC CONTROL
14,83 .10
600.02
15,43 .12
15,
169.88
Bridges
461.26
461.26
470.00
8.74
Storm drainage:
Storm sewers
$ 11,271.29
$ 256.96
$ 11,528°25
$ 11,550.00
$ 21.75
Storm sewer replacement
STORM
1,273.22
256.96
1,273.22
12,801.47
1,300-00
12,850.00
26.78
48.53
TOTAL DRAINAGE
12,544.51
6
Village properties:
Turf care
$ 6,155.35
$ 6,155.35
$ 6,200.00
$ 44.65
Plantings
596.84
596.84
600.00
3.16
Tree trimming
3,479.69
$ 40.96
3,520.65
3,550.00
29.35
Tree spraying
836.74
836.74
850.00
13°26
TOTAL VILLAGE PROPERTIES
11,068.62
40.96
11,109.58
8 11,200.00
90.42
Noxious weed control
TTOTAL PUBLIC WORKS
1 053.46
304,355.39
-
8,207.64
1,05i. 6
- 2, 169.00
314,351:00
1,115-54
6 1,787.97
312,563.03
PROTECTION OF PERSONS AND
PROPERTY
Police protection:
Personal services
$166,143.41
$. 166,143.41
$ 166,235.00
$ 91.59
Contractual services
2,741.19
$ 46.20
.2,787.39
3,351.00
563.61
Commodities
2,146.89
87.96
2,234.85
2,250.00
15.15
Fixed charges
33 408.00
33408.00
T 204,573.65
33 408.00
6 205,244.00
6 670.35
TOTAL POLICE PROTECTION
204,439.49
6 134.16
Fire protection:
Personal services
$ 82,440.54
$ 82,440.54
$ 81,574.00
$ 866.54#
Contractual services__
1,854.55
$ 39.91
1,894-46
1,900.00
5.54
Commodities
1,080.00
148.70
1,228,70
1,250.00
21.30
Fixed charges
TOTAL FIRE PROTECTION
13 200.00
8 98,575.09
-
188.61
13,200.00
98,763.70
13,200.00
$ 97,924.00
-
839.70#
- -16-
PROTECTION OF PERSONS AND
PROPERTY (Cont'd)
Civilian defense
Public health:
Personal services
Contractual services
Commodities
Fixed charges
TOTAL PUBLIC HEALTH
Animal control
Inspections
TOTAL PROTECTION OF
PERSONS AND PROPERTY
NON- DEPARTMENTAL
GENERAL FUND
EXPENDITURES,(Cont'd)
Disburse-
Encum-
$ 29039.20
$ 2,049.00
$ 9.80
Special assessments on
Village property
Unexpended
ments
brances
Expenditures
TOTAL NON- DEPARTMENTAL'
Appropriations
$ 17,143911
Balance
$ 105.89
CENTRAL SERVICES
750.00
750.00
-
See separate schedule
attached
$ 597.15
379.62
$
976.77
$
1,275.00
298.23
$ 8,148000
$12,999.43
$
8,148.00
$
8,150.00
2.00
655.73 $
46.80
698.09
702.53
1.91
722.00
19.47
672.89
8.38
107.65
681.27-
783.00
101.73
600.00
275945
600.00
300.00
600.00
-
$ 10,076062.$
55.18
$
10,131.80
$
10,255.00
$ 123.20
4,262.00
370.00
4,632.00
5,050.00
418.00.
19.468.80
7.70
19.476.50
199268.00
208.50#
$337,419.15 $ 1,135.27 $ 338,554.42 $ 339,016.00 $ 461058
Contingencies
$ 1,621.50 $ 417.70
$ 29039.20
$ 2,049.00
$ 9.80
Special assessments on
Village property
159103.91
159103.91
159200.00
96.09
TOTAL NON- DEPARTMENTAL'
- $ 169725.41 $ 417.70
$ 17,143911
$ 17,249.00
$ 105.89
CENTRAL SERVICES
750.00
750.00
-
See separate schedule
attached
459267.24# 549030.20
89762.96
129000.00
39237.04
TOTAL OPERATING EXPENSES
$9299789°57 $68,264.00
$ 9989053957
$1,011,053900
$12,999.43
CAPITAL OUTLAY
Administration
Finance
Municipal court
Assessing
Engineering
Public works
Police
Fire
Public health
Inspections
Contingencies
Special assessments on
Village property
Unallocated capital outlay
Capital improvements
Village Hall
TOTAL CAPITAL OUTLAY
RESERVE FOR COMMITMENTS
Planning
Public works
TOTAL RESERVE FOR
COMMITMENTS
TOTAL
* Indicates red figure.
$ 650.50
$ 650.50 $
1,174.00
$ 523.50
92.00
92.00
100.00
8.00
$ 275.75
275.75
300.00
24.25
750.00
750.00
750.00
-
435.75
435.75
524.00
88.25
18,849.55
18,849.55
19,928.00
1,078.45
7,253.78
2,160.89
9,414967
10,220.00
805.33
698.09
698.09
700.00
1.91
387935
387935
495.00
107.65
825.02
825902
850.00
24.98
275945
27545
300.00
24:55
1,695.16
1,695.16
1,700.00
4.84
3,096.16
3,096.16
3,800.00
703.84
50,000.00
509000.00
516.00
516.00
600.00
84.00
$ 35,524.81
$ 29436.64
$ 37,961.45 $
91,441.00
$53,479.55
$ 1,800.00
$ 1,800.00 $
1,800.00
$ -
139000900
139000900
139000.00
-
$ - $149800.00 $ 149800900 $ 149800.00 $ -
$965,314.38 $85,500.64 $1,050,815.02 $1,117,294.00 $66,478.98
GENERAL FUND
CENTRAL SERVICES
VILLAGE OF.EDINA
Year Ended December 31, 1962
Disburse- Encum- Expendi- Appropri- Unexpended
ments brances tures ations Balance
General:
Contractual services
$ 27,119°35
$51,535.45
$ 78,654°80
$ 81,328.00
$2,673.20
Commodities
5,732.99
322.79
6,055°78
69100000
44.22
TOTAL GENERAL
$ 32,852.34
$51,858.24
$ 84,710.58
$.87,428.00
$2,717.42
Village Hall:
Personal services
$ 79650.67
$ 113.44
$ 7,764.11
$ 7,800,00
$ 35.89
Contractual services
6,939.36
562004
79501.40
7,210.00
291.40#
Commodities
2,927.07
79.62
39006.69
3,034.00
27.31
Fixed charges
600.00
600.00
600.00
—
TOTAL VILLAGE HALL
$ 18,117.10
$ 755.10
$ 18,872.20
$ 18,644.00
$ 228.20#
Garage
4,857.22
555.79
5,413-01
6,572.00
1,158.99 ---
Equipment operation:
Personal services
$ 25,635.81
$ 835,93
$ 26,471.74
$ 26,526.00
$ 54.26
Contractual services
14,018026
987.30
15,005.56
15,034,00
28044
Commodities
6,296.61
368.80
6,665.41
6,700.00
34-59
Fixed charges
4,452.00
49452.00..
4,452.00
—
Gasoline and fuel oil
15,343.62
2,475.72*
12,867.90
12,900.00
32.10
Tires and tubes
4,073.02
189046
4,262.48
4,300.00
37-52
Lubricants
1,678.13
1,678.13
1,800.00
121.87
Parts and accessories
229624.65
955030
23,579.95
22,860.00
71995#
TOTAL EQUIPMENT OPERATION
$ 94,122.10
$ 861907
9 94,983.17
94,572.00
$ 411.17#
$1499948.76
$54,030.20
$203,978.96
$207,216.00
$3,237.04
Less allocation to other
departments and funds
195,216.00
195,216900
195,216.00
—
TOTAL
$ 45,267.24#
$549030.20
$ 8,762.96
$ 12,000.00
$3,237.04
* Indicates red figure.
—18—
GENERAL FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1962
Balance Balance
January 1, December 31,
1962 Additions Deductions 1962
Land $ 128,805.66 $123,000.00 $ 251,805.66
Land improvements 94,555053 2,059 08 96,614.61
Buildings 3629860.26 311.00 363;171.26
Furniture and fixtures 459475-03 29006.40 47,481.43
Equipment:
Highway
272,843.50
19,611.00
$ 5,722.15
286,732.35
Police
29,444.84
14,274.32
129730.96
30,988.20
Fire
75,068.05
698.09
75,766.14
Election
80,017.93
809017.93
Engineering
21,012.18
65.00
21,077.18
Traffic signals
53,646.68
3,098 99
56,745.67
Executive
1,834.-15
1,834.15
Miscellaneous
26,262.72
2,980.57
1,415.00
27,828 29
TOTAL $1,191,826.53 $168,104.45 .$19,868.11 $1,340,062.87
—19—
POOR FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1962
ASSETS
Cash on deposit
Investments:
Village of Edina — 2.7% Improvement Bonds
of 1958 at face value
Village of Edina — 2.3% Waterworks Revenue
Bonds of 1955 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
3,882.23 ,
$5,000.00
6,000.00
4.000.00 15,000.00
$ 8.88
$27.23
27.23 — 8.88
$18,891611.
68.79
189822.32
$18,891°11
—20—
Balance at January 1, 1962
Additions:
Net income for year
POOR FUND
STATEMENT OF SURPLUS — UNAPPROPRIATED
VILLAGE OF EDINA
Year Ended December 31, 1962
Balance at December 31, 1962
STATEMENT OF REVENUES AND EXPENDITURES
Revenue receipts and accruals:
Tax settlements
Relief grants — State of Minnesota
Income on investments
Reimbursement — direct relief
Disbursements and accruals:
Suburban Hennepin County Relief.Boa.rd:
Relief orders
Administration
Rural Hennepin County- Nursing Committee
Professional services
Other
NET INCOME (LOSS)
1962
$10,976.79
38.04
508.00
$11,522.83
$ 1,278.02
313.32
7,12525
100.00
$ 8,816.59
$ 2,706.24
1961
$ 7,722025
52.27
372.43
225.65
$ 8,372.60
$16,116.08
2,706.24
$18,822.32
Increase
Decrease*
$ 3,254°54
14.23#
135.57
225.65#
3,150.23
$ 2,839.67 $ 1,561.65#
531.21 217.89#
7,089.75 35.50
100.00 —
16.00 16.00#
$10,576.63 $ 1,760,04#
($ 2,204.03) $ 4,910.27
—21—
POOR FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1962
Balance at January 1, 1962
Additions:
Tax settlements received:
March 1962
June 1962
November 1962
Relief grants — State of Minnesota
Income on investments
Decrease in accounts receivable
Deductions:
Payment to Suburban Hennepin County
Relief Board:
Relief orders
- Administration
Rural Hennepin County Nursing Committee
Professional services
Decrease in accounts payable
$'- 1,450..78
741.86
5,475.07
4,759.86 $10,976.79
38.04
508,00
1.30 11,524.13
$12,974.91'
$1,278.02
313.32 $ 1,591.34
7,125.25
100.00
276.09 9,092.68
Balance at December 31, 1962 $ 3,882.23
—22—
PARK FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1962
ASSETS
Cash:
Demand deposits
Investments:
United States Government securities — at face value
Receivables:
Taxes receivable — delinquent
Less.allowance for delinquent taxes
Fixed assets
LIABILITIES AND SURPLUS -
Payables:
Trade accounts
Salaries and wages
Due to General Fund
Unexpended contributions for specific purposes:
Landscaping buffer strip west of library
Cascade pumping
Dwight Williams Memorial Park
Wooddale Park — improvements:arid recreation
program
Cornelia Lake Park — improvement
Normandale 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 assessment paid by
General Fund
Property donated by others
Surplus — unappropriated
$ 232.33
232.33
$ 207.53
243.97
491.77
1,416.31
275.00
139.19
177.32
6,185.00
2,200.00
3,400.00
500.00
3,645.07
$160,434.13
$142,615.28
10,338.66 152.953.94
$ 8,797.04
30,000°00
313.388.07
$352,185.11
$ 645.19
3,168.27
107.56
18,881.16
313,388.07
15,994.86
9k��o. i sty i i
—23—
PARK FUND
STATEMENT OF UNAPPROPRIATED SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1962
Balance at January 1, 1962
Additions:
Revenue for year (see separate schedule for details)
Less amount transferred to revenue included in the
above
$ 24,759.62
$129,717.55
11,239.00 1189478.55
$143,238.17
Deductions:
Expenditures for year (see spearate schedule for
details) $125,026;49
Cost of construction projects 2,216.82 127,243°31
Balance at.December 31, 1962 $ 15,994.86
ANALYSIS OF SURPLUS INVESTED IN FIXED ASSETS
Balance at January 1, 1962
Additions for the years
Special assessments paid by
General Fund
From unappropriated surplus
Balance at December 31, 1962
Combined
$290,361.29
15,103.91
7,92287
$313,388.07
Contributed
By General
Fund by Direct
Payment of Investment
Special iri Fixed
Assessments By Others Assets
$127,51,1037 $ 10,338.66 $152,511.26
15,103.91
$142,615.28
$ 10,338.66
7,922.87
$1609434.13
—24—
PARK FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1962
Balance at January 1, 1962
Additions:
Revenue for year (see separate schedule for details)
Less amount transferred from surplus included in
above
Registration fees — figure skating and skiing
Dedicated funds:
Normandale Community Council
$ 269.04
Dwight Williams Memorial Park
500000
Edina Swim Club
65.00
Lake Cornelia Park — improvements
125.00
Decrease in accounts receivable
Deductions:
Purchase of investments
Expenditures (see separate schedule for details)
Park Fund share of construction projects
Expenses — figure skating and skiing
Dedicated funds:
Cascade pumping
$ 480.00
Dwight Williams Memorial Park
67.18
Normandale Park
225.85
Wooddale Park
392.95
Decrease in liabilities:
Balance at January 1, 1962:
$ 47,295.73
$129,717055
11,239.00
$118,478.55
3,366.50
959.04
50.00 122,854.09,-...-.
$170,149.82
$ 30,000,00
125,026.49
2,216.82
822.65
1,165.98
Trade accounts $2,156.81
Accrued payroll 3,135.05
Due to other funds _. 750.00 $6,041.86
Balance at December 31, 1962:
Trade accounts $ 645.19•
Accrued payroll 3,168.27
Due to other funds 107.56 3,921.02 2,120.84 161,352.78
Balance at December 31, 1962 $ 8,797.04
-25-
REVENUE
Real and personal property
taxes
Registration fees
Transfer from active funds
Contribution from other
sources
Income on investments
Transfer from unappro -
priated surplus
Other revenue
PARK FUND
REVENUE AND EXPENDITURES
VILLAGE OF EDINA
Year Ended December 3ij 1962
Receipts Accruals Revenue
$ 57;512.31
20,057.05
39,474.00
773.57
# 579512.31
20,057.05
39,474.00
773.57
Actual
Revenue
Over - Under*
Estimated Estimated
Revenue Revenue
$ 57,000.00
18,970.00
39,474.00
300.00
512-31
1,087.05
300.00#
773.57
$119239.00 110239.00 110239.00 -
661.62 661.62 150.00 511.62
TOTAL REVENUE
$1189478.55
$119239.00
$1299717.55
$1279133.00
$2,584.55
EXPENDITURES
Disburse-
Encum-
Expendi-
Appropri-
Unexpended
ments
brances
tures
ations
Balance
Administrations
Personal services
$- 179495.34
$ 17,495.34
$ 179513.00
$ 17.66
Contractual services
1,191.05
$ 18.20
19209.25
1,234.00
24-.75
Commodities
61.17
61.17
125.00
63.83
Central services
8,580.00
8,580.00
89580.00
-
Capital outlay
7,922,87
79922.87
8,300.00
377.13
Training
127.04
127.04
200.00
72.96
Paid leave
2.655.56
304.64
2.960.20
3,000.00
39.80
TOTAL ADMINISTRATION
$ 389033.03
$: 322.84
$ 38,355.87
$ 389952.00
$ 596.13
Recreations
Baseball and softball
$ 29930.30
$ 29930.30
$ 3,185.00
$ 254.70
Skating and hockey
4,010.14
$ 1,112.64
59122.78
79500.00
29377.22
Tennis instruction
965.00
965.00
10025.00
60.00
Playgrounds
99432.62
99432.62
99550.00
117.38
Swimming instruction
149669.02
149669.02
159075.00
405.98
Special activities
2.760.08
2.760008
3.000.00
239.92
TOTAL RECREATION
$ 349767.16
$ 19112.64
$ 35,879.80
$ 39,335.00
$3,455.20
Maintenances
Mowing
$ 6,857.11
$ 22.00
$ 6,879.11
$ 6,900.00
$ 20.89
Special turf care
9,086.00
77.04
99163.04
99200.00
36.96
Planting and trees
4,054.91
49054.91
4,100.00
45.09
Litter removal
19988.44
10988.44
21000.00
11.56
Parking areas
20087.94
107.56
29195.50
2,200.00
4.50
Building and equipment
11,140.87
245.04
119385.91
90250.00
29135.91*
Skating rinks
110273,.39
29033.90
13007.29
13,346.00
38.71
Aquatic weed control
1,816g62
2
1 1 816.6 2
0 790.82
1 *50.00
. 8
$1.944.82*
TOTAL MAINTENANCE
48-305-29
.00
TOTAL EXPENDITURES
$121,105.47
$ 31921.02
$125,026.49
$1279133.00
$29106.51
-26-
La nd
Skating rinks
Land improvements
Building
Park equipment
Furniture and fixtures
Trucks and automobile
Miscellaneous
Construction in progress:
52nd and Arden
50th and Wooddale
East Mirror Lake
57th and Chowen
PARK FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1962
Balance
Balance
January 1,
December 31,
1962
Additions
1962
90,806.64
90,806.64
4,682003
$ 1,130.00
5,812.03
144,631.82
15,103091
159,735.73
3,418.06
3,418.06
27,238.22
6,792.87
34,031.09
988.29
988.29
11,216.97-
11,216.97
876.07
876.07
$283,858.10
$23,026.78
$306,884.88
131.26
131.26
2,324.85
2,324.85
3,785.72
3,785.72
261.36
261.36
TOTAL $290,361.29 $23,026.78 $313,388.07
-27-
ASSETS
Cash:
On deposit
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
.L
Surplus invested in fixed assets:
Acquired by bonds
Acquired by surplus
Donated
Unappropriated surplus (deficit)
SWIMMING POOL FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1962
$ 2,436.60
$ 109000.00
$183,79203
17,000.00
3,637.01
$204,429.04
33.713.80 170,715.24 180,715024
$183,151.84
$ 61059
.11,944050
$177,413.06
3,252.18
50000
$ 12,006.o9
180,715.24
( 9,569.49)
$183,151.84
-28-
Balance at January 1, 1962
Transfers and deductions:
.Net loss for year
Less interest provided for.
at December 319 1961 in-
cluded in operations
Provision for depreciation
Allocated to Sinking Fund
for bond
Balance at December 319 1962
* Indicates red figure.
SWIMMING POOL FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31,.1962
Invested in Fixed Assets
Unappro- From ,From
Total priated Donated Surplus Bond Fund
$183,096.15 $ 5,208.46 $50000 $3,784.99 $184,469.62
$ 7,603.40# $ 7,603040#
7,597.50 7,597.50
5,90# 5,90 -
7,589.37 532.81# 7,056.56#
11,944.50# 11,944.50#
$171,145,75 $ 9,569.49# $50.00 $3,252.18 $177,413.06
-29-
SWIMMING POOL FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December-31, 1962
Balance at January 19 1962
Additions:
Pool fees
Concession income (see separate schedule)
Add depreciation included therein
Payment received on accruals at December
31, 1961
Other
Deductions:
Operating expense (see separate schedule)
Less accounts payable at December 31, 1962
Payment made on.accruals at December 31, 1961
$ 6,295.59
$34.,801-49
$1,581.27
340.24 1,921.51
750.00
806.29 38,279.29
$44,574.88
$29,945.82
61.59
$29,884.23
12,254.05 42,138.28
Balance at December 31, 1962 $ 2,436.60
—30—
SWIMMING POOL FUND
STATEMENT OF INCOME AND EXPENSE
Revenues:
Pool fees:
Season tickets
General admissions
Rental — instruction program
Other
Operating expenses:
Salaries and wages:
Supervision and clerical
,Life guards
Cashiers
Basket room attendants
Watchmen
Maintenance
Gas
Light and power
Water and sewer
Telephone
Insurance
Repairs and maintenance
Rubbish removal
Replacements — chlorinator
Cleaning supplies
Water treatment
Signs
Trash barrels
Printing and office supplies
General supplies
Central services
Provision for depreciation
Debt service
VILLAGE OF EDINA
Year Ended December 31, 1962
$3,136.97
9,445.73
998053
3,186.34
963.25
20067.73
$29,247.00
5,554.49
$199798.55
19006.19
1,455.13
175.46
159.87
1403.40 .
826.91
150.00
888.40
303.69
1,542.73
127.00
181.08
240.25
73916
948.00
INCOME BEFORE PROVISION FOR DEPRECIATION
AND DEBT SERVICE CHARGES
LOSS BEFORE DEBT SERVICE CHARGES
NET LOSS FROM SWIMMING POOL OPERATION
Income from concessions — see separate schedule
NET LOSS FROM OPERATION
$34,801.49
750.00
56.29
$35,607.78
29,945.82
$ 5,661.96
7,249.13
$ 1,587.17
7,597.50
$ 9,184.67
1.581.27
$ 7,603.40
—31—
SWIMMING POOL FUND.
STATEMENT OF INCOME AND EXPENSE (CONCESSIONS ONLY)
Soft drinks
Soft ice cream
Popcorn
Sandwiches
Cupcakes
Operating expenses:
Salaries and wages:
Manager
Clerks
Equipment rental
Repairs and maintenance
Laundry
Provision for depreciation
VILLAGE OF EDINA
Year Ended December 31, 1962
$8,349.30 $3,794.82
$ 953.64
1,509.71 $2,463.35
75.00
51.82
42.80
340.24
NET INCOME
Gross Profit
Per Cent
Amount to Sales
# 479.50
1,693.68
1,487.05
455.19
439.06
$4,554.48
2,973.21
$1,581.27
37.97%
58.19
82.36
38.62
36.85
54.55%
-32-
Cost of
Sales..
Sales
$1,263-00
.$ 783.50
2,910.40
1,216.72
1,805.65
318.60
1,178.65
723.46
1,191.60
752.54
$8,349.30 $3,794.82
$ 953.64
1,509.71 $2,463.35
75.00
51.82
42.80
340.24
NET INCOME
Gross Profit
Per Cent
Amount to Sales
# 479.50
1,693.68
1,487.05
455.19
439.06
$4,554.48
2,973.21
$1,581.27
37.97%
58.19
82.36
38.62
36.85
54.55%
-32-
ASSETS
La nd
Swimming pool and bathhouse
Filter system
Furniture and equipment
ALLOWANCE FOR
DEPRECIATION
Swimming pool and bathhouse
Filter system
Furniture and equipment
SWIMMING POOL FUND
FIXED ASSETS
VILLAGE OF.EDINA
Year Ended December 31, 1962
NET BALANCE
Balance
Balance
January 1,
December 31,
1962 Additions
1962
10,000.00
10,000.00
183,792.03
183,792.03
17,000.00
17,000.00
3.637.01
3,637.01
$214,429.04 $ — $214,429.04
$. 19,188.92 $5,525.67 $ 24,714059
5,959000 1 1,.700.00 7,650.00
985.51 363.70 1,349.21
26,124.43 $7,589.37 $ 33,713.80
$188,304.61 $180,715.24
—33—
PARK SINKING FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31,_.1962
ASSETS
Cash:
Demand deposits
Investments:
Edina Park System Bonds — at face value
United States Government securities
at face value
Prepaid interest
Receivables:
Due from Swimming Pool Fund
Taxes receivable — current
Taxes receivable — deferred,'
Less:
Allowance for uncollectible
taxes
Allowance for delinquent
taxes .
10,000:00
25,000.00
$ 11,944.50
$ 35,000.00
1.,108,000.00
$1,143,000.00
$ 13,978.63
35,000.00
585.84
$41,425000
1,750.00 43,175.00 1,099.825.00 1,111,769.50
$1,161,333.97
LIABILITIES, RESERVE AND SURPLUS
Amount payable during 1963:
Interest
Bonds
Bonds payable
Less current portion — shown above
Reserve for future interest
Less current portion - shown above
Surplus — unappropriated
$ 810,000.00
30.000.00
$ 315,700000
29,125.00.
$ 29,125000
30,000.00
$ 59,125,00
780,000000
286,575.00
35,633.97
$19161,333.97
—34—
PARK SINKING FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1962
Balance at January 1, 1962
Additions:
Income on investments
Overcollection.on current taxes receivable
Accrued interest from bond sale
Transfers:
Allowance for delinquent .taxes
Reserve for future interest
Reserve for uncollectible taxes $119875.00
Less portion allocated to
Swimming Pool Fund 3,055050
Deductions:
Payment to fiscal agent:
Interest
Service charge
Cancellation of 1962 tax levy for bonds
and interest of second bond issue
800.80
52.26
20.60
81.84
25,325.00
$43,380.16
8,819.50 34,226.34 35,100.00
$78,480.16
$21,773000
73019 $21,846.19
21,000.00 42,846.19
Balance at December 31, 1962 $35,633.97
—35—
PARK SINKING FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1962
Balance at January 1, 1962
Additions:
Tax settlements received from County:
March 1962
June 1962
November 1962
Sale of investments
Income on investments
Payment received on amounts due from
other funds-at December.31, 1961
Accrued interest from bond sale
Deductions:
Purchase of investments
Payment to fiscal agent:
Principal
Interest
Service charges
Prepaid interest
39,022.66
$ 2,449.48
17,162.26
14,857.36'
$34,469.10
15,000.00
800.80
12,097.50
20.60 62,388.00
$101,410.66
$50,000.00
$15,000,00
21,773.00
73.19 36,846.19
585.84 87,432.03
Balance at December 31, 1962 $ 13,978.63
-36-
PARK SINKING FUND
BOND AND INTEREST MATURITIES, DEFERRED TAX LEVIES. AND RESERVE FOR UNCOLLECTIB LE TAXES
VILLAGE OF EDINA
December 31, 1962
Annual maturity and interest date
March 1, June 1,
September_1,and
December 1
Interest rates 2% to 3.9%
* Indicates red figure.
,-37_
Allowance for
Uncollectible
Deferred
Year
Bonds
Interest
Taxes
Levies
1964
3.Q,000.00
$ 27,715.00
$14,285.00
720000.00
1965
30,000,00
26,882.50
15,117.50
72,000.00
1966
30,000.00
26,027.50
16,972.50
73,000.00
1967
409000.00
24,835.00
3,165.00
68,000.00
1968
- 40,000.00
23,485.00
4,515000
68,000.00
1969
40,000, 00
22,135.00
6,865000
69,000'.00
1970
40,000.00
20,755.00
9,245.00
70,000000
1971
409000.00-
19,375.00
10,625.00
70,000.00
1972
509000,00
17,810.00
3,190.00
71,000.00
1973
509000.00
16,040.00
5,960.00
729000.00
1974
50,000.00
14,230.00
7,77000
72,000.00
1975
50,000.00
129380.00
10,620.00
73,000-00
1976
409000.00
109530.00
12,470.00
63,000.00
1977
509000.00
8,775.00
5,225.00
649000.00
1978
50,000.00
69825.00
8,175.00
65,000 00
1979
50,000.00
4,875000
T1,125.00
66,000.00
1980
509000.00
2,925'.00
52,925.00#
1981
50,000,00
975.00
50,975.00#
$780,00000
$286,575000
$41,425.00
$191089000.00
* Indicates red figure.
,-37_
PARK CONSTRUCTION FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1962
ASSETS
Cash:
On deposit
'Investments — at face value:
United States Government securities
Edina Park System Bonds
Fixed assets — at cost:
Land
Construction in progress
Equipment
LIABILITIES AND .SURPLUS
Trade accounts payable
Surplus invested in assets
Reserve for construction
* Indicates overdraft.
0
30,000.00
106,000.00
$ 5,033.50#
136,000.00
$4539823.69
384,535.48
1,11997 839,479.14
$ 159652.09
839,479.14
115,314.41
$970,445.64
—38—
PARK CONSTRUCTION FUND
ANALYSIS OF RESERVE FOR CONSTRUCTION
VILLAGE OF EDINA
Year Ended December 31, 1962
Balance at January 1, 1962
Additions:
Proceeds from bond sale
Deduct ions :.
Purchase of fixed assets
Interest on investments purchased
Cost of bond sale
$ 30,375.62
150,000.00_
$180,375.62
$64.,880.58
45.63
135.00 65,061.21
Balance at December 31, 1962 $115,314.41
-39-
PARK CONSTRUCTION FUND.
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31,1962
Balance at January 1, 1962
Additions:
Proceeds -from bond sale
Deductions:
Purchase of investments
Cost of bond sale
Purchase of fixed assets,
Decrease in liabilities:
Accounts payable:
Balance at January 1, 1962
Balance at December 31, 1962
* Indicates overdraft.
$ 33,047.59#
150,000.00
$116,952041
$40,045.63
135.00
64,880.58
$32,576.79
15,652.09 16,924070 121,985.91
Balance at December 31, 1962 $ 5,033.50#
-40-
PARK CONSTRUCTION FUND
FIXED ASSETS
VILLAGE OF EDINA
December 31, 1962
Land:
Highway 169 and Hanson Road
Hays Farm 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
Fifty — fifth and York area
Birchcrest Park
Division and Rutledge area
Normandale area
Unallocated
Construction in progress:
Fiftieth and Wooddale
Fifty — seventh and Chowen
Lake Cornelia area
Pamela area
Fifty— second and Arden
Normandale area
Jackson and Belmore Lane area
East Mirror Lake area
Fifty —fifth and York
Sixty— second and Beard
Hays Farm property
Cornelia School site
Sixty —ninth and McGuire
Division and Rutledge area
Sixty— second and Tracy area
Valley View School.site
Golf course
Lake Edina area
Other park areas
Unallocated
Equipment
$ 15,007009
221,475.35
12,639.48
74,782004
2,440.00
20,415.55
26,650.00
1,250.00
18,300.00
30,205.00
7,250.00
5,400.00
6,075.00
9,028.27
2,905.91 $453,823.69
$ 18,621.06
5,508.67
43,444.18
110,519.50
16,962.28
25,679.21
7,565.50
33,528.58
7,011.75
7,511.93
24,585.42
22,204,51
1,963.89
7,699.50
13,742.34
3,695.66
18,178031.
150.00
4,993093
10,969.26 384,535.48
1,119.97
TOTAL $8399479-14
-41-
Total-
Elimination
ASSETS
Cash:
Demand deposits
129,130050#
Time deposits
425.000.00
295,869.50
$ —
Investments
1,6849140.63
•Receivables:
Special assessments:
Current — certified in 1962 - collectlblenin 1963
$
1,324,736.56
Delinquent
269,900.56
Deferred
61107,708,68 a
Takes �and!iassessdhentecsece 'lekeble —`, Vill,age: share
of proje.�tsl.:.
Current:i 1.
10,000.00
Delinquent
15.14
Deferred:
203.278.99
$
7,915,639.93..
_
Less allowance for delinquent taxes
651094.37
$
7,264,545056
$ —
Duo 'from State -Aid account - State of Minnesota
424,391.41
Due from other funds
83,55624
Ppp from Construction Fund for advances
-
1,315,026.39
70thes receivables
3f790010
Prepaid interest
3,905:60
","Construction in progress:
Current
1,658,709 35
Deferred
404,857.83
' Unallocated construction costs
82 82.1.02
$11,906,597,24
$19315,026.39
LIABILITIES, RESERVES AND SURPLUS
Accounts payable
$
29150.55
Accrued interest
789181.23
Future interest
29,797.29
Due to Hennepin County
119456.00
bue to other funds
46,556.24
Construction contracts payable
404,857.83
Advance from Improvement Fund
—
$1,315,026.39
Loan from General. Fund
100,000.00
Payable,to City of Minneapolis for Village share
of sewage disposal plant'
7,792.57
Bonds payable
109359,594.12
Construction deposits
31,243-14
Reserve for assessment adjustments
33,35001
Reserve for construction
27,501.97
Surplus — unappropriated
774.116.09
$1199069597.24
41,315,026.39
# Indicates red figure.
____
Construction
$ 191,281.89#
191,281.89#
3,701.58
1,658,709.35
404,857.83
4,469.07
$1,880,455.94
$ 1,826.61
404,857.83
1,315,026.39
100;000.00
31,243.14
27,501.97
$1,880,455.94
-42-
IMPROVEMENT
FUNDS
COMBINED BALANCE
SHEET
VILLAGE OF EDINA
December 31,
1962
I
I
1951
1952
I
I
1953
Joint
Permanent
Improvement
Improvement
Improvement
Sanitary
1954 Improvement
Improvement
Municipal
Sewer
Improvement
Second
First
First. ._.
Sewer
Southdale
First
Second
Bond
State -Aid
No. 1
Revolving
Series
Series
Series_ I
No. 53
Improvement
Series
Series
Redemption
Street Bond
$ 2,014.73
$ 4,596.12
$ 119061.23
$ 2,932.83
$ 3,795.67
$ 129775.21
$ 3,433.86
$ 900.18
$ 59306.91
$ 15,009.05
$ 325.60
425,000.00
$ 2,014.73
$ 4,596.12
$ 11,061.23
$ 2,932.83
$ 3,795.67 !
.$ 12,775.21
$ 3,433.86
$ 900.18
$ 5,306.91
$ 440,009.05
$ 325.60
8,000.00
50,000.00
109,594.12
45,000.00
759000.00
185,000.00
115,000.00
45,000.00
62,000.00
989,546.51
$ 20;442.48
$ 9,800.64
$10,439.25
$ 23,170.50
= $ 48,899.54
$ 12,446,00
$11,237.84
$ 38,571.30
$19149,72901
$, 552.92
6,487.43
14,040.81
851.71
5,261.47
5,949.68
2,981.36
683.06
14,915.26
218,176.86
10,539.55
15,382..90
2469828.42
15,702.70
10,216.20
72,792.26
5,736,246.65
10,000.00
15.14
69,098.54
13 18, 0.45
$ 552.92
$ 37,469:46
$ 23,841.45
$119290.96
$ 439814.87
4370,776.18
$ 31,130.06
122,137.10
4126,278.82
7,248,348.11
$ -
552.92
8,036.53
14,530.84
1,373.67
7,189.14
27,147.06
4,388.80
1,755.76
20,483.44
565,636.21
$ -
$ 299432093
$ 9,310.61
$ 9,917.29
$ 36,625.73
$343,629.12
$ 26,741.26
$20,381.34
4105,795.38.
$6,682,711.90
$ -
424,391.41
37,585.40
62.94
694.47
14,291.93
29,094.89
1,826.61
44,061.48
1,270,964.91
88.52.
3,905.60
78,361,95
$10,014.73
$121,614.45
$130,.028.90
$58,544.59
$115,421.40
$555,696.26
$174,270.01
$66,281.52
$217,163.77
$9,467,326.53
$424,805.53
$ 96.14
$ 150.22
$ 205.00
$ 1,699.19
134.17
'458.34
628:34
$ 1,650.00
$ 360,00
$ 1,111.67
73,838.71
$ 29,797.29
$ 58.30
11.95
50.00
72.00
$ 1,571,95
23.70
15,40
i 266,20
9,386,50
301.82
425.02
3,289.92
1,679.37
6,774,81
32,195.75
62.94
$ 79792.57
65,000,00
50,000.00.
_. 65,000.00
0 000.00
49 ,
165,000.00
45,000.00
145,000.00
8,940-,000.00
394,594.12
476.57#
8,548.67
4,814.32
19024.32
139286.27
6,153.20 .
2,222.16
122,032.72
64,484.82
7;461.01
37,677.47
64,124.31
2,781.99
18,202.43
50,724,82
404,053,18
351.18
$10,014.73
$121,614045
$130,028.90
$589544-59
$115,421.40 1
$555,696.26
$174,270.01
$66,281_52
$217,163,77
$9,467,326'53
$424,805_53
-42-
IMPROVEMENT FUNDS
STATEMENT OF SURPLUS — UNAPPROPRIATED
VILLAGE OF EDINA
Year Ended
December 31, 1962
1951
1952
1953
Municipal
J.oint
Permanent
Improvement
Improvement
Improvement
Sanitary
1954 Improvement
Improvement
State —Aid
Sewer
Improvement
Second
First
First
Sewer
Southdale
First
Second
Bond
Street
Total
No. 1.
Revolving
Series
Series
Series
No. 53
Improvement
Series
Series
Redemption
Bond
Balance at January 1, 1962
$630,703°81
$1,898,76
$117,142,72
$61,474.60
$8,197.94
$34,810051
$59,104.15
$2,862.99.
$16,582.87
$44,996,76
$283,632.51
$ —
Additions:
Interest spread on assessments for
collection in 1962
$387,475.25
$ 1,475.57
$ 466.73
$ 496.88
$ 1,835.58
$17,351.45
$1,340,41
$,.1;g21:63�
$ 5,284.46
$358,202.54
Accrued interest on sale of bonds
490,62
139°44
.$351,18
Income on investments
26,588.97
$ 270.76
966.94
2,827021
981,43
1,709,01
2,785.62
2,745.97
1,070036
1,051.51
12,180.16
Capitalized interest
97,896.90
979896.90
Other
959,39
$513,411,13
782.50
$ 3,225.01
112.56
$ 3,406.50
64.33
$1,542.64
$ 3,544.59
$4,086,38
$ 2,091.99
$ 6;335:97•
$351.18
$468,419.04
$20,137.07
$ 270,76
Deductions:
Interest on bonds
,
$292,829.52
$ 2,952.92
$1,191,67
$ 2,005.84
$16,865.00
$5,025,00
$ 1,140,00
$ 3,461.67
$260,187042
Bank service charges
1,778.24
87.60
31.00
37,51
98.41
31.69
21.99
59.72
1;410.41
Cost of bond sale
2,814,41
29814,41
Cancellation and adjustments
786.10
786.10
$298,208027
$
—
$ 3,040.52
$1,222.67
$ 2,043.35
$17,749.51
$5,056.69
1,161,90
$ 3,521.39
$264,412.24
$ —
$845,906.67
$2,169.52
$120,367.73
$61,840,58
$8,517.91
$36,311.75
$61,491.71
$1,892.68
$17,512.96
$47,811.34
$487,639.31
$351.18
Transfers — add.(deduct)e
Allowance for delinquent taxes
o
( 69,899.60)
52,64
1,664.99
2,629061
848.71
1,365,72
2,632.60
889.31
689.47
2,913.48
( 839586.13)
Reserve for assessment adjustments_
( 1,890.98)
14.63
( 1,905.61),
Balance at December 31, 1962
$7749116.09
$2,222.16
$1229032.72
$64,484°82
$7,461.01
$37,677.47
$64,124,31
$2,781°99
$180202.43
$50,724.82
$404,053.18
$351.18
=43—
Balance at January 1, 1962
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
Sale of investments
Collection from other funds
Advance from Improvement Funds
Payment received on connection charges
Construction deposits received
Collection for other funds
Deductions:
Construction costs charged to others:
General Fund
Permanent Improvement Revolving Fund
Waterworks Fund
Park Fund
Improvement Fund
Municipal State —Aid Street Bond Fund
Other
Less collections received
$ 18,204.73
13,775.30
21,741.37
2,216.82
2,1309502.61
758,985.35
682.50
$2,946,108.68
56,620.72
$2,889,487.96
Decrease in
construction
in progress:
Balance at
January 1, 1962:
Current
construction
$3,023,824.51
Deferred
construction
788,653.02
Unallocated
costs
2,070.00
$3,814,547.53
Balance at
December 31,
1962:
Current
construction
$1,658,709.35
Deferred
construction
404,857.83
Unallocated
costs
4,469.07
2,068,036 25
$1,746,511.28
Combined
$ 831,877.68
$1,162,003.49
9,784.86
186,691.04
1,394,664.12
465.04
1,571,596.03
3,245.76
1,394,664.12
35,33436
86,574.37
45.20
$5,845;068.39
Less decrease in contracts
payable:
Balance at January 1, 1962 $ 788,653.02
Balance at December 31: 1962 404,857.83 383,795.19 1,362,716.09 1,526,771.87
(Balance Carried Forward) $5,150,174.20
$ 100.00
1,394,664.12
.86,574.37
$1,481,338.49
.1.526,771.87
$ 131,749.75#
697.16 2,448.60
1,523.38 278.83 13,950.66 7,956.33 680.14 10,945.02
45.20
$10,323.40 $ 70,111.38 $206,659.69 $43,002.95 $ 33,327.69 $ 62,044.83 $ 35,792.73 $13,771.09 $ 67,750.19 $3,425,956.23 $394,989.72
$21,057,81 $101,234.05 $341,831.93 $90,114.83
$113,929.95 $250,003.37
$138,670.25 $63,173.91 $132,981.51 $3,633,936.62
0-3' )4
-44-
IMPROVEMENT FUNDS
ANALYSIS
OF CHANGE
IN CASH BALANCE
VILLAGE OF
EDINA
Year Ended December 31, 1962
i
1951
1952
1953
Joint
Permanent
Improvement
Improvement
Improvement
Sanitary
1954 Improvement
Improvement
Municipal
Sewer
Improvement
Second
First
First
Sewer
Southdale
First
Second
Bond
State —Aid
Construction No. 1
Revolving
Series
Series
Series ,'
No.. 53
Improvement
Series
Series
Redemption
Street Bond
$ 86,316.37# $10,734.41
$ 31,122.67
$135,172.24
$47,111.88
$ 80,602.26
j
$187,958.54
$102,877.52
$499402.82
4 65,231032
$ 207,980.39
$ -
$ 52.64
$ 35,383.96
$ 53,502.87
$11,502.28
$ 259289.76
$ 40,926.70
4 24,563.97
$12,163.92
$ 42,327.58
$ 916,289.81
9,784.86
2,237.10
322.55
240.41
1028.92
.4,381.85
526.46
536.81
2,993.80
1749123.14.
`1,000,000.00
$394,664..12
139.44
325.60
10,270.76
30,966.94
152,834.27
30,981.43
6,709.01 ',
.2,785062
2,745.97
1,070.36
21,051.51
19312,180.16
$ 100.00
1,394,664.12
.86,574.37
$1,481,338.49
.1.526,771.87
$ 131,749.75#
697.16 2,448.60
1,523.38 278.83 13,950.66 7,956.33 680.14 10,945.02
45.20
$10,323.40 $ 70,111.38 $206,659.69 $43,002.95 $ 33,327.69 $ 62,044.83 $ 35,792.73 $13,771.09 $ 67,750.19 $3,425,956.23 $394,989.72
$21,057,81 $101,234.05 $341,831.93 $90,114.83
$113,929.95 $250,003.37
$138,670.25 $63,173.91 $132,981.51 $3,633,936.62
0-3' )4
-44-
(Balance Brought Forward)
Deductions (cont'd):
Payment to other funds accrued at December 31, 1961
Investments purchased
Payment to County Auditor for bookkeeping charges
Transfer to Construction Fund
Bond redeemed
Interest on bonds
Bank service charges .
Refund on connection deposits
Cost of bond sale
Cost charged directly to reserve for assessment
adjustments
Paid to City of Minneapolis - sewage disposal plant
Prepaid interest
Payment on connection charges
Construction costs
Other
Balance at December 31, 1962
* Indicates red figure.
Combined
$5,150,174.20
31,498.79
2,204 ,664.12
1,542.15
1,394,664.12
872,000.00
272,097.00
1,778.24
31,476.77
2,814.41
914.60
1,043.08
3,905.60
21,939.24
13,775.30
191.28
$4,854.304.70
$ 295,869.50
Construction
131,749.75#
28,055.37
31,476.77
$
59, 52.14
$ 191,281.89#
IMPROVEMENT FUNDS
ANALYSIS OF CHANGE IN CASH BALANCE (Cont'd)
1954 Improvement.
.First Second
Series Series
$63,173.91 $132,981:51
$ 2,548.60
1951
1952
1953
Joint
Permanent:,
Improvement
Improvement
Improvement
Sanitary
Sewer
Improvement
Second
First
First
Sewer, Southdale
No. 1
Revolving
Series
Series
Series
No.a53 Improvement
$21,057.81
$101,234.05
$341,831,93
$909114.83
$113,929.95
$250,003.37 $138,670.25
1954 Improvement.
.First Second
Series Series
$63,173.91 $132,981:51
Improvement
Bond
Redemption
$3,633,936,62
$ . 894,82
1,285,000,00
893.85
19000,000000
6529000..00
238,384,50
1;410,41
2014x41
914.60
3,905060
7,709.38
$3,193,927.57
$ 440,009,05
Municipal
State —Aid
Street Bond
$394,989.72
$394,664.12
$394,664.12
6 Qor t_n
=45—
$ 2,548.60
$18,000.00
80,000.00
$259,664.12
$65,00.0,00
$ 80,000.00
$175,000,00
$115,000,00
$45,000.00
$ 82,000.00
122.75
98.70
17.10
25015
264.75
29.70
27005
63.10
609000.00
209000.00
25,000.00
45,000,00
15,000000
.15,000.00
40,000000
3,075.00
1,375.00
2,247.50
16,865.00
59175.00
1,260,00
3,715.00
87.60
31.00
37,51
98.41
31,69
21.90
59.72
1,043.08
7,845.28
758.90
2,824.12
964078
1,836.78
13,775.30
191e28
$19,043.08
$ 96,637,93
$330,770°70
$87,182.00
$110,134.28
$237,228.16
$135,236.39
$62,273073
'$127,674.60
$ 2,014.73
$ 4,596.12
$ 11,061.23
$ 2,932.83
$ 3,795.67
$ 12,775.21
4 3,433786
$ 900.18
;$ _5,306.91
Improvement
Bond
Redemption
$3,633,936,62
$ . 894,82
1,285,000,00
893.85
19000,000000
6529000..00
238,384,50
1;410,41
2014x41
914.60
3,905060
7,709.38
$3,193,927.57
$ 440,009,05
Municipal
State —Aid
Street Bond
$394,989.72
$394,664.12
$394,664.12
6 Qor t_n
=45—
Annual maturities and
interest dates
Interest rates
Year
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
TOTAL
IMPROVEMENT FUNDS
BONDS PAYABLE
VILLAGE OF EDINA
December 31, 1962
Total
$ 1,085,000.00
1,254,594-12
1,235,000.00
1,180,000.00
1,165,000.00
885,000.00
885,000.00
660,000.00
460,000.00
460,000.00
460,000.00
1459000.00
145,000.00
105,000.00
1059000.00
65,000.00
65,000.00
$10,359,594.12
1951
Improvement
Second
Series
June 1 and
December 1
1952
Improvement
First
Series
March 1 and
September 1
2 4/10% and 2 3/4%
2 9/10%
$65,000.00 $25,000.00
25,000.00
$65,000.00 $50,000.00
1953
Improvement
First
Series
March 1 and
September 1
2 9/10%
$25,000.00
20,000.00
20,000.00
Sanitary
Sewer
No. 53
January 1
and July 1
3 1/4 % and
3 1/10%
$ 45,000.00
45,000°00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
$4909000.00
So uthda le
Improvement
March 1 and
September 1
1 7/10% and
3%
159000.00
.159000000
15,000.00
15,000.00
15,000°00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
15,000.00
$165,000.00
1954 Improvement
Improvement
Municipal
First
Se co nd
Bond
State —Aid
Series
Series
Redemption
Street Bond
March 1 and
March 1 and.
March 1, June 1,
June 15 and
September 1
September 1
September 1, and
December 15
December 1
2 4/10% 1 3110% to
2 3110%
$15,000.00 $ 40,000.00
15,000.00 40,000.00
15,000.00 409000.00
25,000.00
$45,000.00
$145,000.00
2% to
3-9/10%
$ 900,000.00
1,000,000.00
1,000,000.00
1,000 000 .00
1,010,000.00
830,000.00
830,000.00
605,000.00
405,000.00
405,000.00
405,000.00
105,000.00
105,000.00
105.,000.00
105,000.00
65,000.00
65.000.00
$8,940,000.QO
2 1/2%
$ 94,594.12
100,000.00
100,000.00
100;000.00
$394,594.12
—46—
ASSETS
CURRENT ASSETS
Cash:
Demand.deposits
Appropriated funds
Investments:
United States Government securities
at cost
Accrued interest
Less amount segregated and shown below
Accounts.receivable:
From customers
Due from General Fund
Inventories:
Meters — at cost
Supplies — estimated
Prepaid expenses:
Insurance
OTHER ASSETS
Segregated investments — for reserve for
debt retirement
FIXED ASSETS —Note A.
Land
Land improvements
Buildings and equipment
Less allowance for depreciation
Construction in progress
* Indicates red figure.
WATERWORKS
BALANCE
VILLAGE OF
December
$ 25,582076#
19,254063
$ 6,328.13#
$ 69,443.18
145.30
$ 69,588.48
46,834.75
- 22,753.73
$ 25,028.08
8,423.60
33,45lo68.
$ 6,475.66
1,750.00
89225.66
399-54
_TOTAL CURRENT ASSETS
$ .-58,502.48
46,834075
$
$ 9;440.73
3,978 ,982 :43
$3,988,423.16
676,310.48 3,312,112.68
12,064.88 3,351,733.94
$3,457,071.17
27,556.38
FUND.
SHEET
EDINA
31, 1962
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Accounts payable and accrued expenses:
Trade accounts
Salaries and wages
Interest
Due to other funds:
Permanent Improvement Revolving Fund
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 assessments —
Note A
Contributed by General Fund
Earned:
Appropriated
Unappropriated
See notes to balance sheet.
7,595.62
753.12
4,672.84
13,021,58
37,000.00
63.72 37,063.72
33,000.00
TOTAL CURRENT LIABILITIES 83,085.30
466,000.00
33,000.00 433,000,00
$ 541,373.60
29,37746
2,264,659.89
13,322.99 $2,848,733.94
66,089.38
26,162.55 92,251.93 29940,985.87
$3,457,071.17
.47_
WATERWORKS FUND
NOTES TO BALANCE SHEET
VILLAGE OF EDINA
December 31, 1962
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 construction
cost with contra — credit to surplus contributed by special assessments. Each of the
afore — mentioned amounts has been reduced by the depreciation thereon charged to in-
come which has been transferred to earned surplus.
Note B — The annual maturities, due dates and interest rates are as follows:
Annual maturities
and interest
dates
Interest rates
1947 Issue 1953 Issue 1955 Issue 1959 Issue Total
March 1 and March 1 and March 1 and March 1 and
September 1 September 1 September 1 September 1
2.50% and. 2.75%
2.75%
2.30 %, 2.80 %,
2.50% and 3.10 %,
2.60% 3.40% and
3.50%
Annual amount of
maturities:
1963
$10,000.00
$ 5,000.00
$ 10,000.00
$ 8,000.00
$ 33,000.00
1964
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
109000.00
10,000.00
10,000000
8,000.00
38,000.00
1967
10,000.00
109000.00
10,000.00
8,000.00
389000.00
1968
30,000.00
8,000.00
38,000.00
1969
30,000.00
8,000.00
38,000.00
1970
209000.00
15,000.00
35,000.00
1971
35,000.00
35,000.00
1972
359000,00
35,000.00
1973
35,000.00
35,000.00
1974
35,000,00
35,000.00
1975
40,000.00
40,000.00
$50,000.00 $35,000.00 $130,000.00 $251,000.00 $466,000.00
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 ac-
crued 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.
—L8—
WATERWORKS FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1962
Balance at January 1, 1962
Additions:
Watermains contributed by special assessments
Deductions:
Net loss for year
Transfers:
Provision for depreciation
Adjustment for fixed assets acquired from surplus
Bonds retired
Decrease-in appropriation of funds for reserve
for debt retirement
Balance at December 31, 1962
* Indicates red.figure.
-49-
Invested
Contributed
Contributed
Earned Surplus
in Fixed
by
by
Total
Unappropriated
Appropriated
Assets
Assessments
General Fund
Revaluation
$2,893,940.43
$- 8,382056
$67,172050
$518,342.92
$2,256,332041
$13,650.60
$30,059.44
60,093041
60,093.41
$2,9549033.84
$ 8,382056
$67,172050.
45?8,342.92
$2,316,425.82
- $13;650;.60
$30,059.44
13,047.97
13,047.97
$299409985.87
$ 4,665.41#
$67,172.50
$518,342:92
$2,316,425.82
$13,650.60
$30,059.44
-
102,898.53
50,123.01#
51,765 93#
327.61#
681.98#
" -
40,153.69 *:
40,153.69
—
33,000000#
33,000000
—
1,083.12
1,083012#
$2,940,985.87
$ 26,162.55
$66,089038
$541,3730.60
$2,264,659.89
$13,322.99
$29,377.46
-49-
WATERWORKS FUND
STATEMENT OF INCOME AND EXPENSE
VILLAGE OF EDINA
Year Ended December 31 Increase
1962 1961 Decrease*
Number of. meters in use:
At end of year
6,218
5,865
353 .
At beginning of year
5,865
5,576
289
Income:
Sale of meters
$ 18,623.50
$ 19,544.00
920.50#
Less cost of meters sold
17,610.81
17,636.95
26.14#
GROSS PROFIT ON METERS
$ 1,012.69
$ 1,907.05
$ z 894.36.*
Water sales
179,015.74
189,894.17
10,878043#
Penalties,.
13.,220404
3,318,.59
98.5 -5#
Water :connection permits
1,647.00
.1,727.00
80.00#
Tapping fees
276.75
356.00
79.25#
Street opening fee "s
160.00
78.00_
82.00
Use of hydrants
8,423060
7,980.90
442.70
Miscellaneous
897.97
1,352.44
454.47#
$194,653.79
$206,614.15
$11,960.36*
Expenses:
Pumping:
Labor
$ 5,043.16
$ 3,467.12
$ 1,576.04
Power and light
18,926038
21,400.08
2,473°70#
Supplies and repairs
505090
214.55
291.35
Buildings:
Labor
5,551.07
3,424-39
2,126.68
Fuel
1,078.18
938.93
139.25
Supplies
828.01
866.76
38.75#
Telephone
201.00
216.50
15.50#
Repairs
621012
163.97
457.15
Insurance
432.63
213.69
218.94
Water purchased
39400
419.50
25.50#
Provision for depreciation
15,176.70
13,475.99
1,700.71
Repairs
2,002.47
2,172.64
170.17#
$ 50,760.62
$ 46,974.12=
$ 3,786.50
Distribution:
Labor
$ 7,855.90
$ 8,829.45
$ 973.55#
Materials and supplies
3,599 20
3,582.89
16.31
Operation of meters:
Labor
3,647.15
4,015.57
368:42#
Supplies and expenses
245.81-
303.89
58.08#
Provision for depreciation
56,660.64
54,737.18
1,923.46
Repairs
557.19
40.00
517.19
$ 72,565.89
$ 719508.98
$ 1,056.91
Per Cent to
Gross Income
1962 1961
100.00%
26.08%
37.28%
100 -.00%
22074%
34.61%
—50—
WATERWORKS FUND
STATEMENT OF INCOME AND EXPENSE (Cont'd)
Water treatment:
Per Cent to
Gross Income
1962 1961 _
12.47%
Labor
Year Ended
December 31
Increase_
Supplies
1962
1961
Decrease*
Expenses (cont'd):
6,296.90
3,610.32
2,686.58
Tanks, towers and reservoir:
$ 13,682.84
$ 13,882.10-
$ 199.26# 7.03
Labor
$ 93.30
84.74
$ 8.56
Power and lease lines
1,084.67
1,720.45
635.78#
Supplies
97.20
3.15
94.05
Provision for depreciation
22,652.25
22,652.25
-
Insurance
342.98
342.98
-
4,62000
$ 24,270040
$ 24,80357
$ 533.17#
Water treatment:
Per Cent to
Gross Income
1962 1961 _
12.47%
Labor
$ 239.69
$ 409.47
$ 169.78#
Supplies
7,146.25
9,862.31
2,716.06#
Provision for depreciation
6,296.90
3,610.32
2,686.58
$ 7,740.00
$ 13,682.84
$ 13,882.10-
$ 199.26# 7.03
Vehicle operations:
3,579.84
33.84#
Allocated from'equipment
4,093°75
5,154.78
1,061.03#
pool
$ 4,080.00
$ 3,300.00
$ 780.00
Provision for depreciation
1,536.95
1,287.40
249.55
$ 5,616095 $ ,4,587.40 $ 1,029.55 _2.88
12.00%
6.72
2.22
Administrative and general:
Salaries:
Superintendent
$ 7'1920.00
$ 7,740.00
$ 180.00
Clerical
3,546.00
3,579.84
33.84#
Meter reading
4,093°75
5,154.78
1,061.03#
Meter reading supplies
78.01
15.60
62,41
Office supplies, postage,
telephone, etc.
4,62000
39960.00
660.00
Supervision
3,900.00
3,180.00
720.00
Provision for depreciation
575009
591.37
16.28#
Professional services
1,125000
1,125.00
-
Supplies and expense
774091
372.98
401.93
Building rental
252.00
276.00
24.00#
$ 26,884.76
25,995.57
889.19
13.81 _12.58
TOTAL EXPENSES
$193,781.46
$187,751.74
$ 6,029.72
99-55% 90.87%
OPERATING INCOME
$ 872.33
$ 18,862.41
$17,990.08#
.45% 9.13%
Income on investments
572.18
590.43
18.25#
.29 .29
$ 1,444 51
$ 19,452.84
$18,008.33#
.74% 9:42%
Other deductions:
Interest on bonds
Fiscal agent service charge
Cost of building razed
NET (LOSS) INCOME
Depreciation charges to opera-
tions included in expenses
$ 14,412.42
80.06
14,492.48
($ 13,047.97)
$ 15,278.92
81.54
252.69
$ 15,613.15
$ 3.839.69
$ 866.50#
1.48#
252.69#
$ 1.120.67#
$16,887.66#
$102,898.53 $ 96',354.51 $ 6,544.02
7.44 7.56
6.70% 1.86%
-51-
WATERWORKS FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1962
Balance at January 1, 1962
Additions:
Collections on accounts receivable
Collection on amounts due from other funds
Income on investments
Sundry sales and services
Sale of water meters
Investments sold
Other
Deductions:
Investments purchased
Payment to fiscal agents:
Principal
Interest
Service charge
Meters purchased
Payment on amount due to other funds
Increase in prepaid expenses
Additions to fixed assets
Less:
Carrying value of,disposals
Contributed by special assessments
Decrease in amounts payable:
Balance at January 1, 1962:
Trade accounts
Accrued payroll
Balance at December 31, 1962:
Trade accounts
Accrued payroll
Operating expenses
Less provision for depreciation
Summary:
Operating Fund
Sinking Fund
TOTAL
* Indicates red figure.
33,000.00
14,701.25
80.06
$100,930059
683 :49
60,093.4 60,776.90
37,655.65
792.93
38,448.58
7,595.62
753.12 8,348,74
$ 77,370033
$182,164.67
8,045.95
572.18
2,742.59
18,623.50
40,000.00
45.90 252,194.79
$329,565.12
$109,588648
47,781.31
16,514.33
751.46
121.21
40 ,153.69
30,099.84
$193,781.46
102,898.53 90,882.93 335,893.25
Balance at December 31, 1962 $ 6,328013#
$25,582.76#
19,254.63
$ 6,328.13#
-52-
WATERWORKS FUND
FIXED ASSETS
VILLAGE OF EDINA
Year`Ended December 31, 1962
La nd
Land improvements
Distribution system:
Purchased
Contribution by special assessments
Contribution by General Fund
Buildings and equipment:
Pumphouses
Wells
Pumps and piping
Tanks, towers and reservoir
Office equipment
Miscellaneous equipment
Water treatment equipment
Automobiles and trucks
Storm sewer
Tools
Construction in progress
TOTAL
A s s e t S.
Balance Balance
January 1, December 31,
1962 Additions Deductions 1962
$ 27,556.38 $ 27056.38
8,934.85. $ 505.88 9,440.73
$ 217,162:23
_2,558,698.25
16,380.66
$2,792,241014
$ 143,403.50
130,946.64
76,689.29
566,278.84
3,007078
4,129.91.
136,761.11
7,918.60
32,086.09
350.00
$1,101,571.76
$3,930,304.13
$3,930,304-13
$ 22,721.37
60,093.41
$ 82,814.78
$ 46.37
1,29452
4,204.16 $3,190.30
5V J,J4J.�J
$ 88,865.71
12,064.88
Aion_A,;n_1;q
$3,190-130
$3,19030
$3,1906,30
$ 239,883.60
2,618,791.66
16,380.66
$2,875,055.92
$ 143,403.50
130,946.64
76,689.29
566,278.84
3,054.15
5,424.43
136,761.11
8,932.46
32,086.09
350.00
$14103,926.51
$49015,979.54
12,064.88
.$4,028,044.42
Allowance for Depreciation
Balance Balance
January 1, December 31,
1962 Additions Deductions 1962
1,615078 $ 368.07. . 1,983.85
$ 76,912.07
302,365.84
2,730.06
$382,007.97
$ 18,003,10
35,516.06
37,987.57
85,795.92
1,972.65
1,519.04
6,997.32
4,182049
320.86
$192,295.01
$575,918.76
$575,918.76
$ 4,567.10
51,765.93
327.61
$ 56,660.64
$ 5,736.12
5,238.07
3,83444
22,652.25
194013
380.96
5,655.18
1,536095
641.72
$2,506.81
$ 45,869.82
$2,506.81
$102,898053
$2,506.81
$102,898.53
$2,506.81
$ 81,479.17
354,131.77
3,057.67
$438,668.61
$ 23,739.22
40,754.13
41,822.01
108,448.17
2,166.78
1,900.00
12,652.50
3,212.63
962.58
$235,658.02
$676,310:48
AA7A_';10 -1. R
Net Balance
December 31,
1962
$ 27,556,38
7,456.88
$ 158,404.43
2,264,65989
13,322.99
$2,436,387.31
$ .119,664.28
90,192051
34,867.28
457,830.67
887.3.7
3,524.43
124,108.61
5,719.83
31,123.51
350.00
$ 868,268.49
$39339,669.06
12,064.88
$39351,733.94
—53—
SEWER RENTAL FUND
BALANCE SHEET
VILLAGE OF.EDINA
December 31, 1962
ASSETS
CURRENT ASSETS
Cash:
Demand deposits $ 6,892.70
Investments:
United States Government securities
— at cost $29,880.79
Accrued interest
61.99
29,942.78
Receivables:
From customers
$15,958017
Assessments receivable
329.OQ
16,287.17
TOTAL CURRENT ASSETS
$53,122.65
FIXED ASSETS — at cost
Land improvements
$ 2,772.50
Furniture and fixtures
1,762.83
Trucks
3,247.86
Equipment
19,983.11
$27,766.30
Less allowance for depreciation
13,980.53
13,785.77
$66,908:42
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Trade accounts payable
$54,952.42
Accrued payroll
806.90
TOTAL CURRENT LIABILITIES
$55,759.32
SURPLUS
Invested in fixed assets
$13,785.77
Earned — surplus deficit (deduction)
( 2,636.67)
11,149.10
$66,908.42
—54—
Balance at January 1, 1962
Deductions:
Net loss for year
Transfers:
Additions to fixed assets
Provision for depreciation
* Indicates red figure.
SEWER RENTAL FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1962
Available
$5,096.12
9,984.01
$4,887.89*
$ 122.95*
2,374.17
$2,251.22
Balance at December 31, 1962 $2,636.67*
Invested
in Fixed
Assets
$16,036.99
$16,036.99
$ 122.95
2,374.17#
$ 2,251022#
$13,785.77
—55—
SEWER RENTAL FUND
STATEMENT 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
Unclassified
TOTAL EXPENSES
OPERATING LOSS
Other income:
Income on investments
Miscellaneous
NET LOSS
Depreciation charges to opera-
tions included in expenses I
VILLAGE OF EDINA
Year Ended December 31
1962 1961
$89,352.27 $84,791.29
$54,207.31
21,646.85
3,744.71
1,594.59
200.00
3,642.28
1,865.04
$86,900.78
$ 2,964.00
335.17
$ 3,299.17
$ 5,064.00
300.00
3,556.77
168.00
173.96
$ 9,262.73
$99,462.68
$10,110.41
$ 82.82
43.58
$ 126040
$ 9,984.01
$47,734.45
18,617.93
4,085004
4,324.10
200.00
2,666.65
1,861.92
$79,490.09
$ 2,400000
49240
$ 2,892.40
$ 4,468.00
300.00
2,640.00
180.00
170.60
37.92
$ 7,796.52
$90,179.01
$ 5,387.72
$ 65.00
126.00
191.00
$ 5,196.72
$ 2,374.17 $ 2,524.92
Per Cent to
Operating
Increase Income
Decrease* 1962 1961
$4,560.98 100.0% 100.0%
$6,472.86
3,028.92
34033#
2,729.51#
975.63
3.12
$7,410.69 97.2% 93.7%
$ 564.00
157.23#
$ 406.77 3.7%
$ 596.00
916.77
12.00#
3.36
37.92#
1 66.21
10.
$9,283.67
111.3
$4,722.69
11.3%
$ 17.82
82.42#
64.60
• 1
$4,787.29 11.2%
$ .150.75#
3.4%
9.2%
106.3
6.3%
•2%
6.1%
-56-
SEWER RENTAL FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31, 1962
Balance at January 1, 1962
Additions:
Collections on accounts receivable
Tax settlements received
Income on investments
Other
Deductions:.
Expenses for the year
Less provision for depreciation not
requiring cash
Purchase of investments
Purchase of fixed assets
Other
Payables at January 1, 1962:
Trade accounts
Payroll
Due to other funds
Less payables at December 31, 1962:
Trade accounts
Payroll
$ 14,400.26
88,502.12
431.33
20.83
14.45 88.968.73
$103,368.99
$99,462.68
2.374.17 $ 97,088.51
29,880.79
122.95
7.00
$24,571.10
507.01. 25,136.36
$152,235.61
$54,952.42
806.90 55.759.32 96,47629
Balance at December 31, 1962 $ 6,892.70
-57-
ASSETS
Land improvements
Furniture and fixtures
Trucks
Equipment
ALLOWANCE FOR
DEPRECIATION
Land improvements
Furniture and fixtures
Trucks
Equipment
SEWER RENTAL FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1962
NET BALANCE
Balance
Balance
January 1,
December 31,
1962
Additions
1962
2,695.93
76.57
2,772.50
1,716045
46.38
1,762.83
3,247.86
3,247.86
19,983.11
19,983.11
$27,643035
$ 122.95
$27,766.30
$ 410.85
$ 109.37
$ 520.22
615.72
173.96
789.68
2,409.95
335.17
2,745.12
8,169.84
1,755.67
9,925.51
$11,606.36 $2,374.17 $13,980.53
$16,036.99
$13,785.77.
-58-
LIQUOR DISPENSARY FUND
BALANCE SHEET
VILLAGE OF EDINA
December 31, 1962
ASSETS
CURRENT ASSETS
Cash:
Demand deposits
Deposits in transit
Working funds
Investments:
Village of Edina — Waterworks Revenue
Bonds of 1959 — at cost
United States Government securities —
at cost
Accrued interest
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 improvements
Less allowance for depreciation
and amortization
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Trade accounts payable
Accrued payroll
Due to General Fund
SURPLUS
Invested in fixed assets
Available
15,262.21
19,159.77 $ 34,421.98
2,000.00 36,421.98
$ 26,777.61
148,544.24
$1759321.85
623.78 175,945.63
$230,795.73
31,426055
6,726.93
1,298.14 .270,247035
$ 961.19
150.00 1,111.19
TOTAL CURRENT ASSETS $483,726.15
$ 16,500.00
$ 2,224.47
75,331.92
25,314.58
16,840°43
$119,711.40
1. 53,625.68 66,085.72 82,585.72
$566,311.87
$ 25,267075
2,263.03
19.06.
TOTAL CURRENT LIABILITIES' $ 27,549.84
$ 82,585.72
456,x176.31 538,762.03
$566,311.87
—59—
LIQUOR DISPENSARY FUND
STATEMENT OF SURPLUS
VILLAGE OF EDINA
Year Ended December 31, 1962
Balance at January 1, 1962
Additions:
Net income for the year
Deductions:
Transfer to General Fund
Transfer to Park Fund
Transfers:
Provision for depreciation
Balance at December 31, 1962
* Indicates red figure.
Invested
in Fixed
Total
Available
Assets
$410,389.56
$320,246.55
$90,143001
253.372047
253.372047
$663,762.03,
$573,619.02
$90,143.01
$ 85,526.00
$ 85,526.00
39,474000
39,474.00
$125,000.00
$125,000.00
$ —
$538,762003
$448,619002
$90,143.01
—
7,557.29
7,557.29#
$538,762,03
$4561176.31
$82,585.72
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 1st
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
Cost of election
Depreciation and amortization
included in expenses
Y e a r_. E n d e d D. e c e m b e r 3 1 Per Cent to Net Sales
1 9 6 2 1 9 6 1 Increase - Decrease* 50th Street Southdale
50th Street Southdale Total 50th Street . Southdale Total 50th Street Southdale Total 1962 1961 1962 1961
$603,101.79
83,135.01
122,996.25
13,254.84
$822,487.89
!1,359.30
$821,128.59
$455,148.21
73,278.81
75,095.89
8,379.30
$611,902.21
723.44
$611,178.77
$1,058,250.00
156,413.82
198,092.14
21,634.14
$1,434,390.10
2,082.74
$1,432,307.36
$588,733.36 $419,254.21
74,502.92 63,954.99
115,753099 65,232.70
13,082.54 7,945.89
$792,072.81 $556,387.79
1,185668 : 653.16
$790,887.13 $555,734.63
$139,229.01 $112,636.61 $ 251,865.62 $126,847.70
628,667.85 466,204.35 1,094.872.20 609,574.25
$767,896.86 $578,840.96 $1,346,737.82 $7369421.95
148307.25 121,940.10 270,247.35 139,229401
$619,589.61 $456,900.86 $1,076,490.47 $597,192.94
$201,538.98 $154,.277.91 $ 355,816.89 $193,694.19
$1,007,987.57
138,457.91
180,986.69
21,028.43
$1,348,460.60
1,838.84
$19346,621.76
$'99,893.13 $ 226,740.83
428,419.35 1,037,993.60
$528,312.48 $1,264,734.43
112,636.61 251,865.62
$415,675.87 $1,012,868.81
$140,058.76 $ 333,752.95
$14,368.43 $35,894.00
8,632.09 9,323.82
7,242.26 9,863.19
172.30 433.41
$30,415.08 $55,514.42
173.62 70.28
$30,241.46 $55,444.14
$12,381.31
19,093.60
$31,474.91
9,078.24
$22,396.67
$ 7,844.79
$12,743.4$
37,785.00
$509528.48
9,303.49
$41,224.99
$14,219.15
$50,262.43
17,955.91
17,105..45
605.71
$85,929.50
243.90
$85,685.60 100.00 %-100.00% 100.00,% 100.00%
$25,124.79
56,878.60
$82,003.39
18,381.73
$63,621.66 75.46 75.51 74.76 74.80
$22,063.94 24.54% 24.49% 25.24% 25.20%
$ 31,672.99 $ 21,593.50 $ 53,266.49 $ 299700.06 $ 19,607.44 $ 49,307.50 $ 1,972.93 $ 1,986.06 $ 3,958.99 3.85% 3.76% 3.54% 3053%
-11,822.84. 17,116.68 28,939.52 11,316.14 16,446.32 27,762.46 506.70 .670.36 1,177.06 1.44 1.43 2.80 2.96
15,752.29 12,372.10 28,124.39 15,033.47 11,818.39 26,851.86 718.82. 553.71 1,272.53 1.92 1.90 2.02 2.12
$ 59,248.12 $ 51,082.28 $ 110030.40 $ 56,049.67 $ 47,872.15 $ 103,921.82 $ 3,198.45 $ 3,210.13 $ 6.408.58 7.21% 7.09% 8.36% 8.61
$142,290.86 $103,195.63 $ 245,486.49 $137,644.52 ..$ 92,186.61 $ 229,831.13 $ 4,646,:34 $11,009.02 $15,655.36 17.33% 17.40% 16.88% 16.59 %...
3,263.27
2,393.95
5,657.22
3,788,67
21213.23
6,001.90
525.40#
180.72
344.68#
.40
.48 .39 .40
106.96
32.30
139.26
112,94
88.44
201.38
5.98*
56.14#
62.12#
:01
.02 . -01 .02
83.05
-
83.05
98.14
20.27
118.41
15.09#
20.27#
35.36#
.01
.01 -
$145,744.14
$105,621.88
$
251,366.02
$141,644.27
$ 94,508.55
$ 236,152.82
$ 4,099.87
$11,113.33
$15,213.20
17.75%
17.91% 17.28% 17.01%
2,006.45
1,825.08
181.37
$
253,372.47
$ 237,977.90
$15,394.57
-
1,868.68
1,868.68#
NET
INCOME
$
253,372.47
$ 236,109.22
$17,263.25
$ 5,320.38
$ 2,236.91
$
7,557.29
$ 5,271.67
$ 2,215.76
$ 7,487.43
$ 48.71
$ 21.15
$ 69.86
-61-
Selling:
Salaries and wages
Supplies
Taxes and licenses
Pro -rata promotion
Service contracts
•;Occupancy:
Salaries and wages
Rent
Telephone
Supplies
Light and power
LIQUOR DISPENSARY FUND
COMPARATIVE OPERATING EXPENSES
VILLAGE OF EDINA.
Heat
Y e
a r E n d e d
D e c e m b e r
3 1
Total
$1,919.50
1 9 6 2
$39909°42: -.
100.94*
1 9 6 1
159.24 * -- -.
50th Street
Southdale
Total
50th Street
Southdale
Total
$30,207055
$20,233.90
$ 509441.45
$28,288,05
$18,243.98
$ 46,532.03
1,247.07
1,071.00
29318.07
1,348.01
1,129.30
2,477.31
64.00
55.00
119.00
64.00
54.00
118.00
-
180.20
180020
-
180.16
180.16
154.37
53.40
207.77
-
-
-
031,672.99
$21,593-510
$ 53,266.49
$29,700.06.
$19,607044
$ 49,307.50
$ 338.15
$ 148.33
$ 486.48
$. 63.61
$- 112.39
$ 176.00
-
11,170095
11,170.95
-
10,963.86
10,963.86
321.00
261.00
582.00
317.40
258.60
576000
284.53
131.09
415.62
223.00
156.73
379.73
1,575.97
1,215.98
2,791.95
1,575.46
1,143.22
2,718.68
Heat
Increase- Decrease#
495.70
50th Street
Southdale
Total
$1,919.50
$1,989.92
$39909°42: -.
100.94*
58.30#
159.24 * -- -.
-
1.00
1.00
-
.04
.04
154.37
53.40
207.77
$1,972.93
$1,986•.06
$3,958.99
$ 274054
$ "35.94
$ 310.48
-
207.09
207.09
3.60
2.40
6..00.
61053
25064#
.35.89_.._
.51
72.76
73.27,.., :
Heat
495.70
495.70
465.81
465.81
29.89
Property taxes
- 938.92
938.92
- 903.76
903.76
-
Laundry
367030 147.75
515005
365.95 152.01
517.96
1.35
Burglar alarm
165.00
165.00
150.00
150.00
15000
Insurance
588.12 386.55
974.67
638.95 171.68
810.63
50.83#
Repairs and maintenance
Depreciation
Rubbish hauling
Miscellaneous
Janitorial. sefvice
Administrative:
Salaries and wages
Supplies
Professional services
Allocated expenses - retirement,
insurance, office supplies, etc.
Miscellaneous
1,280.17
241.70
1,521.87
1,,164..80
95.31
1,260.11
115.37
5,320°38
2,236.91
7,557.29
5,271.67
29215.76
7,487:43
48.71
300.00
120.00
420.00
167.00
120.00
287.00
133.00
96.52
10.00
106.52
222.49
18.00
240.49
125.97#
690.00
107.50
797050
690.00
135.00
825.00
-
$11•,822.84:
$17,116.68
$ 28,939.52
$11,316.14
$16,446.32
$ 27,762.46
$ 506.70
$11,895.50
$ 9,179.50
$ 21,075.00
$119309.00
$ 8,770.00
$ 209079.00
$ 586.50
338.33
217.55
555.88
387.00
251.50
638.50
48.67#
953.00
803.00
1,756.00
937.75
787.75
1,725.50
15.25
3.5.16
4.26#
214.87
146.39
.21.15
8.00#
27.50#
670.36
$ 409.50
33.95#
15.25
29.89
35.16
2.91 *.
15.00,
164.04,_
-261.76-
69.86.
133.00
133.97#
27.50#
$1,177.06
$ 996.00
82.62#
30.50
2,460.00
1,920.00
4,380.00
2,340.00
19800.00
4,140.00
120.00
120.00
240.00
105.46
$15.752.29
252.05
$120372.10
357.51
$ 28,124.39
59.72
$154033.47
209.14
$11,818.39
268.86
$ 26.851.86
45.74
$ 718.82
42.91
3.71
88.65
$1,272.53
TOTAL $59,248.12
$51,082.28
$110,330.40
$56,049.67
$47,872.15
$103,921.82
$3,19845
$3,210.13
$69408.58
-62-
LIQUOR DISPENSARY FUND
ANALYSIS OF CHANGE IN CASH BALANCE
VILLAGE OF EDINA
Year Ended December 31; 1962
Balance at January 1, 1962
Additions:
Gross sales
Sale of investments
Cash discounts
Interest received on investments
Other revenue -
Increase in liabilities:
Balance at December 31, 1962:
Trade accounts
Accrued payroll
Due to other funds
Balance at January 1, 1962:
Trade accounts
Accrued payroll
Due to other funds -
Deductions:
Merchandise purchased
Bottle refunds
Operating expenses
Less depreciation included therein
not requiring cash
Transfers:
General Fund
Park Fund
Investments purchased
Increase in prepaid expenses
$1,434,390.10
50,000.00
5,657.22
.1,845.86
222.31
$ 25,267.75
2,263.03
19.06
$ 27,549.84
$ 53,496.98
$12,475.35
2,355.91
51.44 14,882070 12,667.14 1,504,782.63
$1,558,279.61
$1,094,87220
2,082.74
$110,330:40
7,557.29 102,773.11
$ 85,526.00
39,474.00 125,000.00
198,544 24
585.3/, 1,523,857.63
Balance at December 31, 1962
$ 34,421.98
-63-
LIQUOR DISPENSARY FUND
FIXED ASSETS
VILLAGE OF EDINA
Year Ended December 31, 1962
-64-
Balance
Balance
January 1,
December 31,
1962
Additions.
1962
ASSETS
Land
16,500.00
169500000 -
Land improvements
29224.47
2,224.47
Building
75,331.92
75,331092
Furniture, fixtures and equipment
25,314.58
25,314.58
Leasehold improvements
16,840643
16,840.43
$136,211.40
$ —
$136,211.40
ALLOWANCE FOR DEPRECIATION
AND AMORTIZATION
Land improvements
$ 794.48
$ 92.40
$ 886.88
Building
25,064.31
3,900.73
28,965°04
Furniture, fixtures and equipment
12,008.65
1,880.12
13,888.77
Leasehold improvements
8,200.95
1,684.04
9,884.99
9 46,068.39
$7,557.29
$ 53,625.68
NET BALANCE $ 90,143001
$ 82,585.72
-64-
CASH - ALL FUNDS
VILLAGE OF EDINA
December 31, 1962
Demand 'and
* Indicates red figure.
-65-
Time
For Working
Deposits, . ,i
Deposit Funds
Total
Fund:
General:
.Current
$146,451,84
$ 200.00 $ 600.00
$147,251.84
Poor:
Current
3,882.23
3,882.23
Park:
Current
8,797.04
8,797.04
Swimming Pool:
Current
2,436.60
2,436.60
Park Sinking:
For bonds and interest
13,978.63
13,978.63
Park Constructions,
For construction
5,033.50#
5,033.50#
Improvement:
Current
$ 4,596.12
$ 4,596.12
For bonds and interest
4829555.27
482,555.27
For construction
191,281.89#
191,281.89#
$295,869.50
$ - $ -
$2959869.50
Waterworks:
Current
$ 25,582.76#
$ 25,582.76#
Appropriated
19,254.63
19,254.63
$ 6,328.13#
$ -. $ -
$ 6,328.13#
Sewer Rental:
Current
69892.70
6,892.70
Liquor Dispensary:
Current
15,262.21
19,15,9077 2,000.00
36,421.98
TOTAL
$4829209.12
$19,359.77 $2,600.00
$504,168.89
Depository:
Demand deposits:
First Edina National Bank
$ 8,038.80#
First Southdale National Bank
54,740.76
Midland National Bank
29,866.93'
$ 76,568.89
Time deposits:
First Edina National Bank
200,000.00
First Southdale National Bank
125,000.00
Midland National Bank
50,000.00
Fidelity Bank and Trust
50,000.00
Working funds
2,600.00
* Indicates red figure.
-65-
SECURITY FOR DEPOSITS
VILLAGE OF EDINA
December 31, 1962
First Edina National Bank:
Demand deposits
Certificates of deposit
First Southdale National Bank:
Demand deposits
Certificates of deposit
Midland National Bank of Minneapolis:
Demand deposits
Certificates of deposit
Fidelity Bank and Trust Company:
Certificates of deposit
Indicates red figure.
Deposits
Books Bank
8,038.80# $292,572.67
200,000.00 200,000.00
TOTAL $191,961.20 $492,572.67
$ 54,740.76 $ 64,698.90
125,000,00 125,000,00
TOTAL $179,740.76
$189,698.90
$
29,866.93
$233,731.10
States Treasury bonds
50,000.00
50,000.00
.TOTAL $
79,866.93
$283,731.10
$
50,000.00
$ 50,000.00
TOTAL $
50,000.00
$ 50,000.00
S e c u r i t y f o r D e p o s i t s
Principal
Amount Description Due Date
$200,000.00 United States Treasury bonds
500,000.00 United States Treasury notes
10,000.00 Federal Deposit Insurance Corporation
$710,000. -00
$150,000.00
United
States Treasury notes
100,000.00
United
States Treasury bonds
50,000.00
United
States Treasury bonds
100,000000
United
States Treasury bonds
10,000000
Village
of Edina bonds
109000,00
Village
of Edina Improvement Bonds
5,000,00
Village
of Edina Improvement Bonds
10,000,00
Federal
Deposit Insurance Corporation
$435,000.00
$ 15,000.00
35,000.00
125,000,00
10.000.00
$185,000,00
$200,000..00
10,000.00
$210,000.00
February 15, 1963
May 15, 1964
August 15, 1964
May
15,
1966
August
15,
1968
August
15,
1972
March
1,
1966
.March
1,
1967
September
1,
1970
Moorhead, Minnesota Certificate of Indebtedness February 1, 1964
Rice County, Minnesota bonds January 1, 1965
United States Treasury notes August 15, 1966
Federal Deposit Insurance Corporation
United States Treasury notes
Federal Deposit Insurance Corporation
August 15, 1967
0.
INVESTMENTS
VILLAGE OF EDINA
December 31, 1962
TOTAL $2,287,594.12
FUND OWNERSHIP
Description
Maturity
Interest
Rate
Face Amount
Balance
Amount
January 1,
United
States Treasury bills
January
24,
1963
Sold
Discounted
1962
2009000.00
$1,083-,000.00
do
February
21,
1963
General
do
150,000.00
500,000.00
100,000.00
do
March
28,
1963
do
15,000,00
150,000.00
—
do
April
25,
1963
Park Sinking
do
50,000.00
250,000.00
35,000.00
do
May
23,
1963
do
136,000.00
100,000.00
—
110,000.00
40,000.00
70,000.00
69,588.48
Sewer Rental
—
30,000.00
$1,200,000.00
Village
of Edina, Minnesota:
Liquor Dispensary
27,000.00
200,000.00
50,000.00
1.77,000.00
175,945.63
1952
Improvement Bonds
March
1,
1963
2.75%
$ 10,000.00
Sanitary
Sewer No. 53
Improvement
Bonds
January
1,
1965
3.25
5,000.00
1955
Improvement Bonds
March
11,
1977
2.90
25,000.00
1955
Waterworks Revenue Bonds
March
1,
1965
to 1970
2.30% and
2.50
159000.00
1956
Improvement Bonds
March
1,
1963
3 4
48,000.00
1957
Improvement Bonds
March
1,
1971
to 1979
3.70 and
3.90
191,000.00
1957
Park Bonds
March
1,
1968
to 1973
3.70
96,000.00
1958
Improvement Bonds
March
1,
1963
to 1967
2.00 and
2.70
15,000.00
1958
Waterworks Revenue Bonds
September 1,
1971
and 1974
3.40 and
3.50
27,000.00
1959
Improvement Bonds
June
1,
1966
to 1969
2.75 to
3.50
109,000.00
1960
Improvement Bonds
September 1,
1968
to 1970
3.20 and
3.30
829000.00
1961
Improvement Bonds
September 1,
1964
- -.: ' ' , '
2.40
25,000.00
1962
Improvement Bonds
December
1,
1967
and 1970
2.70
25,000.00
'-1962
Park Bonds
December
1,
1969
and 1970
2.70
20,000.00
Municipal
State —Aid Street
Bonds
June
1,
1964
to 1967
2.50
394,594.12
$1,087,594.12
TOTAL $2,287,594.12
FUND OWNERSHIP
TOTAL $1,221,000.00 $2,834,594-12 $1,768,000.00 $2,287,594.12 $2,275,617.52
-67-
Carrying
Balance
Balance
Amount
January 1,
December 31,
December 31,
1962
Purchased
Sold
1962
1962
Improvement Funds
$1,083-,000.00
$2,224094.12
$1,613,000.00
$1,694,594.12
$1,684,140.63
General
— -
150,000.00
50,00&00
100,000.00
100,000.00
Poor
15000.00
15,000.00
15,000,00
Park
—
30,000,00
30,000.00
30,000.00
Park Sinking
—
50,000.00
15,000.00
35,000.00
35,000.00
Park Construction
96,000.00
40,000.00
136,000.00
136,000.00
Waterworks
—
110,000.00
40,000.00
70,000.00
69,588.48
Sewer Rental
—
30,000.00
30,000.00
29,942.78
Liquor Dispensary
27,000.00
200,000.00
50,000.00
1.77,000.00
175,945.63
TOTAL $1,221,000.00 $2,834,594-12 $1,768,000.00 $2,287,594.12 $2,275,617.52
-67-
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
December 31
1962 1961
$30,6529814.00 $26,545,764.00
2.423.348.00 2.483,9U-00
TOTAL $33,076,162.00..$29,029,677.00
-1962
1961
1963
1962
$ 735,448.46
$ 687,422.75
66,152.32
57,478.76
45,479.72
44,125.11
10,584.37
11,031.28
9,095.94
8,418.61
9,095.94
8,418.61
5.292.18
5.225.34
TOTAL $ 881,148..93 $ 822,120.46
22.235
2.000
1.375
.320
.275
.275
.160
TOTAL 26.640
23.68
1.98
1.52
.38
.29
.29
.18
28.32
MUNICIPAL COURT FINES
VILLAGE OF EDINA
Year Ended December 31, 1962
State
and
Village
County
Total
Fines and costs imposed and collected:
Balance uncollected January 1, 1962
$ 755.00
755000
Fines and costs imposed -
46,228.00
$529.00
46,757.00 -
$46,9,83.00
$529.00
$47,512.00
Collection by Clerk of Court
$40,651.00
$529.00
$41,180.00
Fines suspended or discharged
6,155.00
-
6,155.00
$46,806.00
$529.00
$47,335.00.
Balance, uncollected December 31, 1962
$ 177.00
$ —
$ 177.00
OFFICIAL BONDS
VILLAGE OF EDINA
December 31, 1962
Position
On file with Clerk— Treasurer:
Blanket position
Blanket position
Clerk— Treasurer
On file with Secretary of State:
Clerk of Municipal Court
On file with County Auditor:
Assessor
N a m e Term Expires Bond Expires Amount S u r e t
Police department employees March 1, 1964 5,000.00 General Insurance Company of America.
All Village employees not
otherwise specifically bonded March 19 1964 $50,000.00 General Insurance Company of America
Gretchen S. Alden December 31, 1963 March 1; 1964 $50,000.00 General Insurance Company of America
Mrs. Dorothy Frazier
Donald Kearns
Indefinite November 9, 1963 1,000.00 The Aetna Casualty and Surety Company
December 31, 1963 January 1, 1965 $ 500.00 The Aetna Casualty and Surety Company
—70—
Building and contents:
Viilage'Hall
Library
Tool house garage
Storage shed
Municipal liquor store
Municipal liquor store
Pumping stations(B):
Number 1
Number 2
Number 3
Number 4
Number 4A
Number 5
Number 6
Number 7
Number '8
Number 9
INSURANCE COVERAGE
VILLAGE OF EDINA
December 313 i962
- 50th Street
- Southdale
Water tower - Concord Street
Water tower - 69th Street
Sanitary sewer lift station
Bathhouse
Inventories:
Liquor store - Southdale
Liquor store - 50th Street
Liquor store -'Southdale - Note E
Liquor store - 50th Street
Automotive:
Bodily injury
Property damage
Comprehensive
Village liquor stores:
Comprehensive glass breakage
Burglary, robbery and theft - within premises -.Note D
Burglary, robbery and theft - outside premises - Note D
Burglary, robbery and theft - merchandise - Note D
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 - 100% coinsurance
Note D. -50th Street and Southdale liquor stores
Note E - Reporting form
Fire and
Extended Coveraqe
Building Contents
$346,000(B) $42,000(B)
25;000
48;000 14,000
6;400
65,000(B) 4,400(B)
8,000(B)
30,000 _ 32,000
5,200
3,200
7,200
7,000
7,200
6,200,
24,000
45,000
9,600
7,800
9,600
81000
8,000
8,300
6,400
8,300
9,600
129200
80,000
144,000
32,000
14,400
36,000
2,400
Other
105,000
112-,500
20,000(C)
25,000(C)
$250 / 500,000
50,000
Actual cash value
Actua 1
5,000
5,000
7,500(A)
250 / 500,000
50,000
Statutory
3,000
79,200
Actual cash value
-71-
ORGANIZATION
VILLAGE. OF EDINA
December 31, 1962
Village Council:
Mayor:
Arthur C. Bredesen, Jr,
Trustees:
Frank J. Tupa
Wm. Dickson
James Van Valkenburg
Hugh J. MacMillan
L.W. Rixe
Clerk- Treasurer:
Gretchen S. Alden
Assessor:
Donald Kearns
Municipal Court:
Donald S. Burris, Judge
Bruce B. James, Special Judge
Village Manager:
Warren C. Hyde
Village Attorney:
Maynard B. Hasselquist
Prosecuting Attorney:
Walter Gustafson
Engineer:
Waldo W. Wegner
Finance Director:
J. N. Dalen
Term
Expires
December 31
Elected,
Re- elected or
Re- appointed to
December 31
1963
1963
1962
1963
1964 ,
1965
1962
1963
1962
1963
1962
1968
1962
1968
Appointed
by Council
1962
1963
1962
1963
1962
1963
1962
1963
-72-