1969, City of Hopkins, MN Annual Financial Report CITY OF HOPKINS, MINNESOTA
AUDITED FINANCIAL STATEMENTS
AND OTHER FINANCIAL INFORMATION
DECEMBER 31, 1969
INDEX
Page
ACCOUNTANT'S REPORT ON AUDITED FINANCIAL STATEMENTS I
COMMENTS AND ACCOUNTANT'S REPORT ON OTHER
FINANCIAL INFORMATION II
GENERAL AND SPECIAL REVENUE FUNDS
Balance sheet 3
Statement of surplus
General 4
Beach concession fund 4 —
Revenue - general fund 6
Expenditures - general fund 8
Analysis of change in reserves - state aid
construction fund 24
PERMANENT IMPROVEMENT REVOLVING FUND _
Balance sheet 26
Statement of surplus 27
Statement of appropriations , expenditures
and amounts assessed 28 —
Analysis of assessments receivable 30
SPECIAL ASSESSMENT FUND _
Balance sheet 32
Statement of surplus 33
Analysis of assessments receivable 33
Analysis of bonds and interest payable 33
BOND RETIREMENT FUND
Balance sheet 36 —
Statement of surplus 36
Analysis of bonds and interest payable 37
TRUST AND AGENCY FUNDS
Balance sheet 40
Statement of receipts and expenditures 40
WATER UTILITY FUND
Balance sheet 42
Statement of surplus 43 —
Statement of income and expense 44
Fixed assets 45
Page
SEWER UTILITY FUND
Balance sheet 48
— Statement of surplus 49
Statement of income and expense 50
Fixed assets 51
— GENERAL FIXED ASSETS 54
COMBINED SECTION
Fund balance sheets 56
Investments 60
Analysis of bonds and interest payable 61
— Bonds and interest payable 62
GENERAL
Security for deposits 66
Official bonds 68
Insurance in force 69
Organization 70
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ROBERT J . LAPIC
Certified Public Accountant
32 Tenth Avenue South Hopkins, Minnesota 55343
Robert J. Lapic CPA
May 15, 1970
To the City Council
City of Hopkins, Minnesota
— I have examined the balance sheets of the various funds of the City of
Hopkins , Minnesota as of December 31, 1969 and the related statements
of revenues and expenditures or income and expense and surplus for the
year then ended. My examination was made in accordance with generally
accepted auditing standards , and accordingly included such tests of the
accounting records and such other auditing procedures as I considered
necessary in the circumstances .
I did not confirm assessments receivable by direct correspondence with
the debtors , nor did I physically observe the inventories .
In my opinion, subject to the qualification stated above, the accom-
panying balance sheets and statements of revenues and expenditures , in-
come and expense and surplus present fairly the financial position of
the City of Hopkins at December 31, 1969 and its various special funds
and the results of their operations for the year then ended, in con-
formity with generally accepted accounting principles applied on a
basis consistant with that of the preceding year.
tt/le--eV
March 6, 1970
MEMBER AMERICAN INSITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
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ROBERT J . LAPIC
Certified Public Accountant
32 Tenth Avenue South Hopkins, Minnesota 55343
Robert J. Lapic CPA
COMMENTS AND ACCOUNTANT'S REPORT ON OTHER
FINANCIAL INFORMATION
City of Hopkins
Hopkins, Minnesota
The audited financial statements of the various funds of the City con-
sisting of balance sheets and statements of revenues and expenditures
or income and expense, and surplus and my report thereon are presented
in appropriate sections of this report. Financial information not spe-
cifically referred to above and financial information contained in the
following comments , was derived from the accounting records tested by
me as part of the auditing procedures followed in my examination of the
aforementioned financial statements , and in my opinion, is fairly pre-
_ sensed in all material respects in relation to the financial statements
taken as a whole; however, it is not necessary for a fair presentation
of the financial position and results of operations of the City.
The following comments set forth certain auditing procedures and other
matters pertinent to my examination:
Cash on deposit at December 31, 1969 was reconciled to balances re-
ported directly to me by the various depositories . Cash working
funds and cash on hand for deposit at December 31, 1969 were counted
by me.
Cash receipts and cash disbursements procedures were reviewed and
tested by me for a selected period during the year to determine that
proper procedures were being followed to control recording of re-
ceipts, and that proper authorization was provided for disbursements .
Cash deposited with fiscal agents was confirmed to me by direct cor-
respondence with the fiscal agents .
Temporary investments were confirmed to me by the holders of the
securities .
Accounts receivable were tested by direct correspondence and by re-
- view of the records for subsequent collections . Differences report-
ed were not material and were explained to my satisfaction.
MEMBER AMERICAN INSITUTE OF CERTIFIED PUBLIC ACCOUNTANTS II
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Current and delinquent taxes and special assessments and tax settle-
ments received during the year were confirmed by direct correspon-
dence with the County Auditor. I reviewed delinquent assessments
reported to me to ascertain they were in agreement with the City's
records . Transactions pertaining to special assessments receivable
were reviewed, however, no confirmation of special assessments re-
ceivable at December 31, 1969 was made.
Accrued interest receivable was tested by reference to information
obtained directly from holders of the securities .
Interfund transfers and charges were reviewed by me.
Funds deposited with the State were confirmed by direct correspon-
dence with State authorities .
Authorized construction to be assessed and amounts to be provided
for construction were reviewed and traced to the official minutes
of the City Council.
Amounts to be provided for debt retirement were reviewed by me as
to amount and authorization.
Prepaid expenditures were reviewed by me as to amount and nature
of item.
Additions to and disposals from fixed asset accounts were reviewed
by me and verified by inspection of contracts , invoices or other
data. Allowances for depreciation charged to operating funds of the
City were reviewed by me.
Accounts payable balances were tested by me by comparison to vendors '
invoices and by reference to disbursements subsequent to December 31,
1969 .
Matured bonds and interest payable funds were on deposit with fiscal
agents and were confirmed to me by direct correspondence with the
fiscal agents .
Due on contract for deed balance was confirmed to me by direct cor-
respondence with the holder.
Contracts payable balances were reviewed and compared to projects
authorized and to payment subsequent to December 31., 1969 .
Interest payable balance computation was tested and compared to
terms of related bond issues .
MEMBER AMERICAN INSITUTE OF CERTIFIED PUBLIC ACCOUNTANTS III
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Bonds payable balances were reviewed by reference to terms of re-
lated issues and authorization. Cancelled bonds redeemed and paid
during 1969 were inspected by me.
Sales tax payable was reviewed and payment subsequent to December
31, 1969 was sighted.
Official minutes of the City Council for 1969 were read by me.
The City Attorney has represented to me that no material contingent
liabilities exist at December 31, 1969 .
COMMENTS ON FINANCIAL STATEMENTS
GENERAL FUND
_ The General Fund is used to account for all revenues and the activities
financed by the City which are not accounted for in some special fund.
Included in prepaid expenditures , in the amount of $50,620, are those
of the Park Board to be funded from the proceeds of the sale of bonds
authorized by the voters in 1967. These bonds have not yet been sold,
although a general tax levy for retirement of the bonds and interest
was commenced in 1969 . Those expenditures , in excess of property tax
revenue, are therefore being deferred until such time as the bonds are
sold.
BEACH CONCESSION FUND
This fund was established to account for revenues and expenditures of
the concession located at Shady Oak Lake.
STATE AID STREET CONSTRUCTION FUND
This fund accounts for gasoline and tax collections apportioned to the
City by the State of Minnesota for street construction. Funds on de-
posit with the State consist of the City 's share of the State gasoline
tax left on deposit. This amount may be used only for construction of
State aid streets .
PERMANENT IMPROVEMENT REVOLVING FUND
This fund accounts for construction costs incurred by the City. The
fund receives proceeds from the sale of permanent and temporary bonds
_ sold for construction or improvement purposes . Redemption of these
bonds is provided for by levies of special assessments on properties
benefited, and payments from other sources . Costs include a percentage
charge in an amount sufficient to reimburse the City for costs of en-
- gineering and clerical services properly assignable to various special
assessment projects .
MEMBER AMERICAN INSITUTE OF CERTIFIED PUBLIC ACCOUNTANTS IV
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SPECIAL ASSESSMENT FUND
This fund was established, prior to the establishment of the Permanent
Improvement Revolving Fund, to account for special assessments levied
to finance improvements deemed to benefit the properties against which
assessments are levied. The fund accounts for collection of assessments
against benefited property owners and disbursement of assessment collec-
tions for the payment of bonds and interest. Since its inception the
Permanent Improvement Revolving Fund now serves this purpose. It is to
be noted that cash has been deposited with fiscal agents in the amount
of matured bonds and interest payable.
BOND RETIREMENT FUND
This fund was established to account for the payment of general obliga-
- tion bonds . Funds to be used for payment of bonds and interest are to
be received from other funds as required. As in the case of the Special
Assessment Fund, it is to be noted that cash has been deposited with
fiscal agents in the amount of matured bonds and interest payable.
TRUST AND AGENCY FUNDS
This fund was established to account for revenues and expenditures of
various activities of City agencies and departments not considered to
be a general fund activity.
WATER UTILITY FUND
This fund was established to account for the City owned and operated
water utility. The fund operates as a business entity.
SEWER UTILITY FUND
This fund was established to account for the City owned and operated
sewer utility. The fund operates as a business entity.
MEMBER AMERICAN INSITUTE OF CERTIFIED PUBLIC ACCOUNTANTS V
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_ CITY OF HOPKINS, MINNESOTA
GENERAL AND SPECIAL
REVENUE FUNDS
1
CITY OF HOPKINS, MINNESOTA —
GENERAL AND SPECIAL REVENUE FUNDS
BALANCE SHEET
DECEMBER 31, 1969
Total
ASSETS —
Cash $ 68 ,296
Temporary investments 289,644
Accounts receivable 31,294
Accrued interest receivable 2,856
Funds on deposit with state 4,493
Inventories 12,926 -`
To be provided for contract for deed 54, 210
Prepaid expenditures 51,849
$515,568
LIABILITIES , RESERVES AND SURPLUS
Liabilities
Accounts payable $ 29,353
Due to other funds 34,931
Due on contract for deed 24, 075 —
Reserves 88,359
Encumbrances 264, 131 _
Unrealized revenue 40,457
Imprest cash 245
Inventories 12,926
Funds on deposit with state 4,493
Unexpended appropriations 46, 137
368 ,389
Surplus —
Unappropriated 58 ,820
$515,568 _
2 __
FUNDS
Street aid
_ Beach street
General concession construction
$ 10,889 $ 11,2.70 $ 46, 137
289,644
31,294
2 ,856
4,493
12,926
54, 210
51,849
$453,668 $ 11,270 $ 50,630,
$ 29,353 $ $
34,931
24,075
-- 88 , 359
264, 131
40,457
245
12,926 4,493
46 , 137
317,759 50,630
47,550 11,270
$453,668 $ 11,270 $ 50,630
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CITY OF HOPKINS, MINNESOTA
GENERAL AND SPECIAL REVENUE FUNDS
STATEMENT OF SURPLUS
YEAR ENDED DECEMBER 31, 1969
Beach
General concession
UNAPPROPRIATED
Balance January 1, 1969 $ 33,859 $ 9,785
Additions :
Reserve for encumbrances ,
January 1, 1969 208,122 —
Revenues 1,222,070 8 42
1,430, 192 8 ,421
Deductions :
Expenditures 1, 151,668 6,936
Reserve for encumbrances ,
December 31, 1969 264, 131
Adjust inventory to actual 702
1,416,501 6,936
Balance December 31, 1969 $ 47,550 $ 11, 270 —
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CITY OF HOPKINS, MINNESOTA -
GENERAL FUND
STATEMENT OF REVENUE - ESTIMATED AND ACTUAL _
YEAR ENDED DECEMBER 31, 1969
Revenue Increase
Estimated Actual decrease*
General property taxes :
Current ad valorem $798,569 $783,903 $ 14,666*
Delinquent ad valorem 4,000 8,004 4,004
Penalty and interest on
delinquent taxes 2,000 2,247 247
804,569 794,154 10,415';
Licenses and permits :
Business 37,440 35,842 1,598*
Non-business 14,500 46,695 32,195
Street use 726 351 375*
52,666 82,888 30,222
Fines and forfeitures :
Court fines 30,000 25,526 4,474*
Forfeitures 400 1,207 807
30,400 262_733 3,667* -
Revenue from use of money
and property:
Interest earnings 14, 360 15,074 714
Rents 840 1, 760 920
Commissions 100 123 23 _
15 ,300 16,957 1,657
Revenue from other agencies :
Shared state taxes : -
Liquor 18 ,036 19,377 1,341
Cigarettes 23, 700 24,008 308
Bank excise 3,000 3,024 24 -
Mortgage registry 3,500 4,020 520
State aid-road maintenance 11,160 10,920 240*
Mobile homes 2,600 2 ,821 221 _
Per capita sales tax 64, 713 64,713
126,709 128,883 2,174
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CITY OF HOPKINS, MINNESOTA
GENERAL FUND
STATEMENT OF REVENUE - ESTIMATED AND ACTUAL
Revenue Increase
Estimated Actual decrease*
Charges for current services :
General government $ 980 $ 1,062 $ 82
Public safety 4,060 2, 032 2,028*
Libraries 2 ,500 1,945 555*
Recreation 104,818 75 ,530 29,288*
112 ,358 80,569 31,789*
Transfers from other funds (permanent) :
Special assessment 2, 000 2 ,000
Library construction 6,000 6 ,000
Parking meter 2 ,300 2 ,331 31
Permanent improvement revolving 32 ,000 28 ,927 3,073*
Water utility 20,850 20,850
Sewer utility 19, 150 19, 150
82 ,300 79,258 3,042*
Other revenue 2, 700 12,628 9,928
Total $1,227 ,002 $1, 222,070 $ 4,932*
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CITY OF HOPKINS , MINNESOTA -
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS -
YEAR ENDED DECEMBER 31, 1969
Authorizations
Reserve for
Appropriations encumbrances _
(after outstanding
revisions) January 1, 1969 Total
GENERAL GOVERNMENT
Mayor and council
Personal services $ 3, 700 $ $ 3, 700 -
Contractual services 4, 100 4, 100
Commodities 400 400
Other charges 1,800 1,800 -
10,000 10,000
City manager
Personal services 19,600 19,600 _
Contractual services 1, 600 1 ,600
Commodities 700 700
Other charges 250 250 -
Capital outlay 200 200
22, 350 22,350
City clerk -
Personal services 14,634 14,634
Contractual services 450 450
Commodities 350 350 _
Other charges 25 25
15,459 15,459
Elections
Personal services 1, 500 1,500
Contractual services 300 300
Commodities 250 250 -
2,050 2,050
Legal services -
Personal services 12 , 000 12,000
Contractual services 50 50
Commodities 150 150 -
Other charges 150 150
Capital outlay 4,000 4, 000
12, 350 4,000 16, 350 -
Court services
Personal services 2, 000 2, 000
Contractual services 7, 200 7,200
9,200 9, 200
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Encumbrances
Unexpended outstanding Unencumbered
— Expenditures balance December 31, 1969 balance
$ 5,616 $ (1,916) $ $ (1,916)
5,789 (1,689) (1,689)
— 417 (17) (17)
1,924 (124) (124)
13, 746 (3,746) (3,746)
24,654 (5,054) (5,054)
2, 190 (590) (590)
880 (180) (180)
217 33 33
45 155 155
27,986 (5,636) (5,636)
— 15, 534 (900) (900)
238 212 212
290 60 60
13 12 12
16,075 (616) (616)
— 2,005 (505) ( 05)
10 2920
285 (355) (35)
— 2,300 (250) (250)
— 11,020 980 980
50 50
69 81 81
_ 67 83 83
4,000 4,000
11, 156 5,194 4,000 1,194
1,379 621 621
4,261 2,939 2_ ,939
— 5640 3, 560 3, 560
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CITY OF HOPKINS, MINNESOTA —
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
YEAR ENDED DECEMBER 31, 1969
Authorizations
Reserve for
Appropriations encumbrances
(after outstanding
revisions) January 1, 1969 Total
GENERAL GOVERNMENT (continued) —
Finance and accounting
Personal services $ 24,000 $ $ 24,000 —
Contractual services 350 350
Commodities 950 950
Other charges 90 90
25, 390 25, 390
Assessing
Personal services 22,950 22,950 —
Contractual services 1, 300 1, 300
Commodities 400 400
Other charges 175 175 —
24,825 24,825
Zoning and planning _
Personal services 1,200 1,200
Contractual services 4,900 4,900
Commodities 400 400
6,500 6 5' —
Charter commission
Contractual services 500 500 —
Municipal building
Personal services 15,610 15,610 —
Contractual services 17,700 17, 700
Commodities 3, 200 3,200
Capital outlay 2_,200 2, 200 _
38, 710 38, 710
Total 167,334 4,000 171,334
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Encumbrances
Unexpended outstanding Unencumbered
Expenditures balance December 31 , 1969 balance
$ 24, 116 $ (116) $ $ (116)
96 254 2.54
— 1, 196 (246) (246)
90
25,498 (108) (108)
18,529 4,421 4,421
655 645 645
400
62 113 113
19,646 5, 179 5, 179
520 680 680
— 6,421 (1,521) (1, 521)
297 103 103
7,238 (738) (738)
20 480 480
15,928 (318) (318)
18,408 (708) (708)
— 1, 740 1,460 1 ,460
1,456 744 744
37,532 1, 178 1 , 178
166,837 4,497 4,000 497
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CITY OF HOPKINS, MINNESOTA _
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
YEAR ENDED DECEMBER 31, 1969
Authorizations
Reserve for
Appropriations encumbrances
(after outstanding
revisions) January 1, 1969 Total
PUBLIC SAFETY
Police protection
Personal services $188 ,981 $ $188 ,931 -
Contractual services 9, 193 351 9,544
Commodities 10,992 10,992
Other charges 150 150
Capital outlay 10,890 1,900 12,790 -
220, 206 2,251 222,457
Fire protection -
Personal services 23,000 23,000
Contractual services 4,550 4, 550
Commodities 3,250 3, 250 -
Other charges 375 375
Capital outlay 8, 700 45,000 53, 700
Other expenditures 1 , 550 1,550 _
41,425 45,000 86,425
Inspection services
Personal services 28,875 28 ,875
Contractual services 370 370
Commodities 600 600
Other charges 95 95 -
29,940 29,940
Civil emergencies -
Personal services 100 100
Contractual services 310 310
410 410
Animal control
Contractual services 2, 300 2, 300
Total 294,281 47, 251 341, 532
12 -
Encumbrances
Unexpended outstanding Unencumbered
Expenditures balance December 31., 1969 balance
$186,385 $ 2, 596 $ $ 2, 596
9,346 198 351 (153)
8,608 2 ,384 2, 384
-
67 83 83
6,476 6,314 5,382 932
210,882 11,575 • 5,733 .5 ,842_
20,638 2,362 2, 362
-- 3,479 1, 071 1,071
3, 022 228 228
344 31 31
34,066 19,634 19,630 4
1,550
63,099 23,326 19,630 3,696
24,850 4,025 19,000 (14,975)
814 (444) (444)
- 412 188 188
111 (16) (16)
26, 187 3,753 19,000 (15,247)
46 54 54
183 12.7 127
229 181 181
°- 2_,448 (148) (148)
302,845 38 ,687 44, 363 (5,676)
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CITY OF HOPKINS, MINNESOTA _
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
YEAR ENDED DECEMBER 31, 1969
Authorizations
Reserve for
Appropriations encumbrances _
(after outstanding
revisions) January 1, 1969 Total
PUBLIC WORKS
Engineering
Personal services $ 28 ,642 $ $ 28 ,642
Contractual services 650 650
Commodities 400 400
Other charges 50 50
29,742 29,742
Street administration
Personal services 47,314 47, 314 _
Contractual services 9,200 9,200
Commodities 15, 000 15,000
Capital outlay 12, 000 6, 378 18 ,378 -
83, 514 6,378 89,892
Streets and alleys
Personal services 18, 536 18, 536
Contractual services 1,600 1,600
Commodities 22,500 22,500
Capital outlay 10, 000 7,245 17, 245.
52,636 7,245 59,881
Snow and ice removal --
Personal services 9, 756 9,756
Contractual services 500 500
Commodities 3,500 3,500 _
13, 756 13,756
Traffic signs and signals
Personal services 2, 710 2, 710
Contractual services 5, 700 5,700
Commodities 1,750 1, 750
Capital outlay 1,500 1,500 -'
11,660 11,660
Street lighting
Personal services 6,504 6,504
Contractual services 26 ,200 26,200
32, 704 32, 704
Total 224,012 13, 623 237,635
14 -
Encumbrances
Unexpended outstanding Unencumbered
Expenditures balance December 31 , 1969 balance
$ 27,827 $ 815
$ $ 815
- 597 53 53
740 (340) (340)
133 (83) (83)
_ 29 ,297 445 445
45,345 1,969 1,969
7,346 1,854 1,854
21 ,209 (6,209) (6,209)
8 ,538 9 ,840 9,840
- 82,438 7,454 9,840 (2,386)
- 14,921 3 ,615 3,615
2, 765 (1, 165) (1, 165)
16,384 6 , 116 6, 116
4,061 13, 184 13, 184
38 , 131 21, 750 13, 184 8 , 566
16,683 (6,927) (6 ,927)
122 378 378
5 , 900 (2,400) (2,400)
- 22,705 (8 ,949) (8 ,949)
- 2,852 (142) (142)
6, 121 (421) (421)
4,485 (2 ,735) (2 ,735)
10114 386 386
14,572 (2 ,912) (2,912)
- 6,424 80 80
27,080 (880) (880)
33, 504 (800) (800)
220,647 16,988 23,024 (6,036)
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CITY OF HOPKINS, MINNESOTA -
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES -
COMPARED WITH AUTHORIZATIONS
YEAR ENDED DECEMBER 31, 1969
Authorizations
Reserve for
Appropriations encumbrances
(after outstanding
revisions) January 1, 1969 Total
SANITATION AND WASTE REMOVAL -
Tree and weed control
Personal services $ 1,000 $ $ 1,000
Contractual services 80 80
Commodities 400 400
1,480 1,480
Street cleaning
Personal services 5,000 5 ,000
Storm sewers
Personal services 3, 176 3,176
Capital outlay 40,000 137 ,314 177,314 -
43, 176 137,314 180,490
Refuse collection and
disposal -
Personal services 71,666 71,666
Contractual services 800 800
Commodities 3,650 3,650 -
76,116 76,116
Total 125, 772 137,314 263,086 _
HEALTH AND WELFARE
Health
Personal services 1,200 1,200
Contractual services 3,600 3,600
4,800 4,800 -
Welfare
Contractual services 12,000 12,000 -
Total 16,800 16,800
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Encumbrances
Unexpended outstanding Unencumbered
Expenditures balance December 31, 1969 balance
$ 1,535 $ (535) $ $ (535)
_ 15 65 65
87 313 313
1,637 (157) (157)
5 ,998 (998) (998)
2,826 350 350
1,543 175 ,771 175, 771
4, 369 176, 121 175,771 350
76,613 (4,947) (4,947)
1,720 (920) (920)
5,280 (1,630) (1,630)
83,613 (7,497) (7,497)
95 ,617 167,469 175, 771 (8 ,302)
3,294 (2,094) (2,094)
3,595 5 5
6 ,889 (2,089) (2,089)
6 ,803 5, 197 5, 197
13,692 3,108 3, 108
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CITY OF HOPKINS, MINNESOTA -
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES -
COMPARED WITH AUTHORIZATIONS
YEAR ENDED DECEMBER 31, 1969
Authorizations
Reserve for
Appropriations encumbrances -
(after outstanding
revisions) January 1, 1969 Total
LIBRARY
Public library
Personal services $ 39,690 $ $ 39,690
Contractual services 8 ,375 8 , 375
Commodities 20, 200 20,200
Other charges 125 125 -
Capital outlay 1, 000 1,000
69,390 69, 390
Total 69,390 69,390
PARKS AND RECREATION
Administration
Personal services 32,213 32,213
Contractual services 4,700 4,700 -
Commodities 1, 200 1, 200
Other charges 110 110
Capital outlay 575 575
38 ,798 38 ,798
Classes
Personal services 8, 900 8,900 -
Commodities 400 400
9, 300 9, 300
Activities
Personal services 13,640 13,640
Contractual services 860 860 -
Commodities 890 890
Other charges 530 530
Other expenditures 4, 000 4,000 -
19,920 19 920
Skating rinks
Personal services 7, 300 7,300 -
Commodities 150 150
Other charges 300 300
7, 750 7,750 -
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Encumbrances
Unexpended outstanding Unencumbered
Expenditures balance December 31, 1969 balance
$ 38 ,482 $ 1,208 $ $ 1, 208
- 6,995 1,380 1,380
20,920 (720) (720)
80 45 45
1,426 (426) (426)
67,903 1,487 1,487
67,903 1,487 1,487
32 , 754 (541) (541)
3,658 1,042 1,042
1,087 113 113
221 (111) (111)
579 (4) (4)
38 ,299 499 499
9,571 (671) (671)
- 95 305 305
9,666 (366) (366)
13,342 298 298
723 137 137
1,368 (478) (478)
410 120 120
1,004 2,996 2,996
16,847 3,073 3,073
4,570 2 ,730 2,730
_ 93 57 57
300
4,963 2 , 787 2 , 787
19
CITY OF HOPKINS, MINNESOTA —
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES —
COMPARED WITH AUTHORIZATIONS
YEAR ENDED DECEMBER 31, 1969
Authorizations
Reserve for
Appropriations encumbrances
(after outstanding
revisions) January 1, 1969 Total
PARKS AND RECREATION (continued)
Beach
Personal services $ 11 ,400 $ $ 11,400
Contractual services 100 100
Commodities 500 500
12, 000 12, 000
Swimming instruction
Personal services 15,000 15, 000 —
Commodities 700 700
15, 700 15, 700
Playgrounds
Personal services 24, 900 24,900
Commodities 1,850 1,850
Other expenditures 2,600 2 ,600 —
29, 350 29, 350
Parks
Personal services 36, 325 36,325
Contractual services 6, 300 6,300
Commodities 6, 500 6, 500
Capital outlay 20, 000 5, 027 25,02.7
69, 125 5,027 74, 152
Total 201,943 5,027 206,970 —
20
L
Encumbrances
Unexpended outstanding Unencumbered
Expenditures balance December 31, 1969 balance
$ 5,998 $ 5,402 $ $ 5,402
20 80 80
418 82 82
6,436 5,564 5, 564
15,524 (524) (524)
101 599 599
15,625 75 75
- 12, 270 12 , 630 12 ,630
1 ,860 (10) (10)
2, 160 440 440
16, 290 13, 060 13, 060
36,315 10 10
4,616 1, 684 1, 684
7,394 (894) (894)
13, 221 11,806 11,806
61, 546 12,606 11,806 800
169 ,672 37 , 298 11,806 25,492
21
CITY OF HOPKINS, MINNESOTA —
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES —
COMPARED WITH AUTHORIZATIONS
YEAR ENDED DECEMBER 31, 1969
Authorizations
Reserve for
Appropriations encumbrances
(after outstanding
revisions) January 1, 1969 Total
UNALLOCATED EXPENSE
Retirement $ 66,000 $ 907 $ 66,907 _
Insurance 28 ,400 28,400
Rental properties 870 870 -'
Non-depar Lmen to 1
Contractual services 6 ,400 6,400 —
Other charges 16, 300 16, 300
Awards 500 500
231_200 23,200 —
Capital outlay 9, 000 9,000
Other
Total 127,470 907 128, 377
Grand total $1,227,002 $208 , 122 $1,435, 124
22
Encumbrances
Unexpended outstanding Unencumbered
Expenditures balance December 31, 1969 balance
$ 63,506 $ 3,401 $ 3,401
23,091 5 ,309 5 ,309
51 819 819
8,356 (1,956) (1 ,956)
9,871 6,429 6 ,42.9
580 (80) (80)
18 ,807 4, 393 4,393
— 9,000
1, 766 (1, 766)
114,455 13,922 5 , 167 8 , 755
$1, 151 , 668 $283,456 $264, 131 $ 19,32.5
23
A
CITY OF HOPKINS, MINNESOTA
STATE AID STREET CONSTRUCTION FUND
ANALYSIS OF CHANGE IN RESERVES
YEAR ENDED DECEMBER 31, 1969
Balance January 1, 1969 $ 25,281 +'
1969 allotment from State of Minnesota 82,375
107,656
Deduct funds applied to:
Traffic signals $ 13, 307
Street maintenance 6,045
Street construction 37,664 57,026
Balance December 31, 1969 $ 50,630
24
CITY OF HOPKINS, MINNESOTA
PERMANENT IMPROVEMENT
REVOLVING FUND
25
CITY OF HOPKINS, MINNESOTA
PERMANENT IMPROVEMENT REVOLVING FUND
BALANCE SHEET —
DECEMBER 31, 1969
ASSETS
Cash $ (69,111) —
Temporary investments 399,920
Special assessments receivable:
Deferred $971,489
Unremitted from the county 360 971,849
Accrued interest receivable 12, 114
Due from other funds 30, 135
Authorized construction to be assessed 630,559
To be provided for authorized construction 302,940
$2,278 ,406
LIABILITIES , RESERVES AND SURPLUS
Liabilities _
Due to other funds $274,735
Contracts payable 32,889
Interest payable 63,000
Bonds payable 400,000 $ 770,624
Reserves
Unexpended authorizations 440,598
Surplus
Fund principal 830,000
Unappropriated surplus 237, 184 1,067, 184
$2 ,278 ,406
26
CITY OF HOPKINS, MINNESOTA
PERMANENT IMPROVEMENT REVOLVING FUND
STATEMENT OF SURPLUS
YEAR ENDED DECEMBER 31 , 1969
UNAPPROPRIATED SURPLUS
Balance January 1, 1969 $262,135
Additions :
Delinquent assessments collected $ 1,684
Interest on 1969 assessments 65,682
Interest income from investments 13, 157 80, 523
342,658
Deductions :
Uncollected 1969 assessments 3, 916
Uncollectable assessments 638
Interest loss on prepaid assessments 31,633 36,187
Balance before bond sale costs 306,471
Less temporary bond costs 69,287
Balance December 31, 1969 $237, 184
27
CITY OF HOPKINS, MINNESOTA -
PERMANENT IMPROVEMENT REVOLVING FUND
STATEMENT OF APPROPRIATIONS , EXPENDITURES AND AMOUNTS ASSESSED
YEAR ENDED DECEMBER 31, 1969
Appropriations Expenditures
December 31, Prior Current Year
1969 years construction overhead
Sewer construction $ 62,268 $ 44,929 $ 61, 790 $ 7, 760
Street construction 62,862 38,019 49,181 1,381 -
Street surfacing 34,496 579
Alley construction 10, 367 22 ,466 1,563 (375)
Curbs , gutters ,
driveways 36,927 22 ,344 29,696 4,955
Storm sewers 115,920 109,229 720
Utility connections 2,600
Water mains 280,854 16, 786 204, 176 13,295
Street lights 7, 791 719 1,575 150
Parking lots 322, 014 42, 347 -
$933,499 $188 , 189 $459,810 $ 27 ,886 -
28
Payment in Unexpended
lieu of Assessed balance
Total assessment 1969 December 31, 1969
$114,479 $ $ 43,479 $ (8 ,732)
88 , 581 37,664 15,813 27,758
579 33 ,917
23,654 4, 060 19,594 10,367
56,995 6,611 34,888 21,431
109 ,949 5,971
2, 600 2,600
234, 257 (366) 16, 916 63, 147
2,444 1, 725 7,072
42, 347 279667
$675,885 $ 47 ,969 $135,015 $440, 598
29
CITY OF HOPKINS, MINNESOTA —
PERMANENT IMPROVEMENT REVOLVING FUND
ANALYSIS OF ASSESSMENTS RECEIVABLE
YEAR ENDED DECEMBER 31, 1969
Balance January 1, 1969 $1,018,627 —
Additions :
Assessed this year —
. ...Construction $135,015
Interest 65682 200,697
1,219,324
Deductions :
Current year's receivables —
Payments received $138 ,961
Transferred to delinquent
assessments receivable 504 139,465 —
Prepayments :
Principal 72,864
Interest 31,633 104,497 —
Delinquent assessments 3,873 247,835
Balance December 31, 1969 $ 971,489
30
CITY OF HOPKINS, MINNESOTA
SPECIAL ASSESSMENT FUND
31
CITY OF HOPKINS , MINNESOTA
SPECIAL ASSESSMENTS FUND
BALANCE SHEET
DECEMBER 31, 1969
ASSETS
Cash $ (1,155)
Cash on deposit with fiscal agents 2, 178
Special assessments receivable:
Deferred 28,080 -.
Due from other funds 4, 796
$ 33,899
LIABILITIES AND SURPLUS
Liabilities
Matured bonds and interest payable $ 2, 178 _
Interest payable 900
Ponds payable 10,000 13, 078
Surplus
Unappropriated 20,821
$ 33,899
32
CITY OF HOPKINS , MINNESOTA
SPECIAL ASSESSMENT FUND
DECEMBER 31, 1969
STATEMENT OF SURPLUS
UNAPPROPRIATED SURPLUS
Balance January 1, 1969 $ 28,331
Additions :
Delinquent assessments paid 850
29,181
Deductions :
Fiscal agent charges and loss of
interest on prepaid assessments
_ and other $ 360
Transfer to general fund 8,000 8,360
Balance December 31 , 1969 $ 20,821
— ANALYSIS OF ASSESSMENTS RECEIVABLE
Balance January 1, 1969 $ 36,957
Deductions :
Prepaid $ 1,036
Remitted from county 7,486
Adjust to agree with county 355 82877
Balance December 31, 1969 $ 28 ,080
ANALYSIS OF BONDS AND INTEREST PAYABLE
Bonds Interest
payable payable
Balance January 1 , 1969 $ 12,000 $ 1,256
Remitted to fiscal agents 2,000 356
Balance December 31, 1969 $ 10,000 $ 900
33
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- CITY OF HOPKINS, MINNESOTA
BOND RETIREMENT FUND
35
CITY OF HOPKINS, MINNESOTA —
BOND RETIREMENT FUND
DECEMBER 31, 1969
BALANCE SHEET
ASSETS
Cash $ 13, 578
Cash on deposit with fiscal agents 41, 708
Due from other funds 1,510,795
$1, 566,081
LIABILITIES AND SURPLUS
Liabilities —
Matured bonds and interest payable $ 41, 708
Interest payable 408 ,560
Bonds payable 1,095,000 1,545,268 —
Reserves
Deposit from sewer utility fund 6,729
Surplus
Unapportioned 14,084
$1,566,081
STATEMENT OF SURPLUS
Balance January 1, 1969 $ 5,123 —
Additions :
Delinquent taxes collected $ 16
Reserve for retirement of bonds
and interest no longer required 9,010 9,026
14, 149 -'
Deductions : —
Fiscal agent charges 65
Balance December 31, 1969 $ 14, 084 —
36 —
CITY OF HOPKINS, MINNESOTA
BOND RETIREMENT FUND
ANALYSIS OF BONDS AND INTEREST PAYABLE
DECEMBER 31, 1969
Bonds Interest
payable payable Total
Balance January 1, 1969 $1,170,000 $ 451,895 $1,621,895
Paid 1969 75,000 43,335 118 ,335
Balance December 31, 1969 $1,095,000 $ 408,560 $1,503,560
Issue
Water P. I.R.
6-1-67 4-1-64 Total
Funds to be provided for:
Bonds $ 865,000 $ 230,000 $1,095,000
Interest 371,060 37,500 408,560
$1,236,060 $ 267,500 $1,503,560
Funds to be provided by:
Permanent improvement
revolving fund (Note 1) $ $ 267,500 $ 267,500
Water utility fund 1,236,060 1,236,060
$1,236,060 $ 267,500 $1,503,560
Note 1 : Payments to be made as needed
for the retirement of bonds
and interest
37
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CITY OF HOPKINS, MINNESOTA
TRUST AND AGENCY FUNDS
39
CITY OF HOPKINS, MINNESOTA
TRUST AND AGENCY FUNDS
BALANCE SHEET
DECEMBER 31, 1969 —
ASSETS —
Cash $ 2,723
$ 2,723 —
RESERVES
Library fund $ 2,063 —
Recreation 595
Police employees 65 2, 723
$ 2,723 —
STATEMENT OF RECEIPTS AND EXPENDITURES
YEAR ENDED DECEMBER 31, 1969
Balance January 1, 1969 $ 2,806 —
Receipts :
Recreation $ 1,152 —
Teen activities 1, 755
Day camp 576 3,483
6,289
Expenditures :
Personal services 270
Contractural services 2,861
Commodities 64
Capital outlay 371 3,566 —
Balance December 31, 1969 $ 2,723
40 —
CITY OF HOPKINS, MINNESOTA
WATER UTILITY FUND
41
CITY OF HOPKINS, MINNESOTA
WATER UTILITY FUND
BALANCE SHEET
DECEMBER 31, 1969
ASSETS
CURRENT ASSETS —
Cash $ (68 ,035)
Cash on deposit with fiscal agents 3,084
Temporary investments 275,600
Accounts receivable 16,013
Inventories 9,086
Total current assets 235,748
FIXED ASSETS
Land $ 15,097
Wells , tanks , mains , meters and —
equipment (net of depreciation) 2,132,773 2,147,870
OTHER ASSETS
To be provided for debt retirement 1,236,060 —
$3,619,678
LIABILITIES , RESERVES AND SURPLUS
CURRENT LIABILITIES
Accounts payable 518
Matured bonds and interest 3,084
Sales tax payable 399
Bonds and interest payable - current portion 28,538 —
Total current liabilities 32,539
LONG-TERM DEBT —
Current Long-term
Total portion portion
Bonds payable $155, 000 $ 23,000 $ 132,000 —
Interest payable 21,232 5, 538 15,694
$176,232 $ 28 ,538 147,694
Due to other funds 1,236,060 1,383,754
RESERVES
Change fund 100
Inventories 9,087 —
Sinking fund - water revenue bonds 74, 200
Funds in trust 105 83,492
SURPLUS
Customer contributions and investment
in fixed assets 1,971,638
Current surplus 148 ,255 2, 119,893
$3,619,678
42 —
CITY OF HOPKINS, MINNESOTA
WATER UTILITY FUND
STATEMENT OF SURPLUS
YEAR ENDED DECEMBER 31, 1969
CUSTOMER CONTRIBUTION AND INVESTMENT
IN FIXED ASSETS
Balance January 1, 1969 $1,974,637
Additions :
Acquisition of fixed assets by
bond retirement $ 28 ,330
Acquisition of fixed assets
through current revenue 8 ,195
Customer contribution through
_ special assessment 16,916
Transfer from general fixed assets 400 53,841
2 ,028 ,478
Deductions :
Equipment traded in net of
accumulated depreciation 224
Depreciation 56 ,616 56,840
Balance December 31, 1969 $1,971,638
CURRENT SURPLUS
Balance January 1, 1969 $ 150,953
Additions :
Net loss $ (5 ,943)
Add back depreciation charged to
investment in fixed assets 56 ,616
Inventory adjustment (3,017) 47,656
198,609
Deductions :
Fixed assets purchased from revenue 8 ,195
Revenue bonds retired 42,000
Fiscal agent charges 159 50,354
Balance December 31, 1969 $ 148 ,255
43
CITY OF HOPKINS, MINNESOTA —
WATER UTILITY FUND
STATEMENT OF INCOME AND EXPENSE _
YEAR ENDED DECEMBER 31, 1969
REVENUE —
Water sales $201,868
Less allocated to sewer fund 30,280 $171,588
Customer services 3,804 —
175,392
EXPENSES
Operating expense —
General and administrative
Personal services $ 7, 713
Contractual services 3, 116 —
Commodities 1,105
Other charges 4, 762
Transfers 20,850 37,546 _
Pumps and wells
Personal services 11,521
Contractual services 27,092
Commodities 3,306 41,919 Distribution system
Personal services 19,556
Contractual services 990 —
Commodities 1,639 22,185
Depreciation 56,616
Interest expense 42,020 200,286
OPERATING INCOME (LOSS) (24,894)
INCOME CREDITS —
Interest earned nn investments 18,951
NET INCOME (LOSS) $ (5,943)
44
CITY OF HOPKINS, MINNESOTA
WATER UTILITY FUND
FIXED ASSETS
DECEMBER 31, 1969
— Balance Balance
January 1, December 31,
1969 Additions Deductions 1969
FIXED ASSETS
Land $ 15 ,097 $ $ $ 15,097
Wells , tanks and
mains 2 ,547,743 18 ,415 2,566,158
Meters 22,056 2,800 24,856
Equipment 30,005 4,296 2,147 32, 154
$2,614,901 $ 25,511 $ 2,147 $2,638 ,265
ACCUMULATED DEPRECIATION
Wells , tanks and
mains $ 410, 110 $ 51, 139 $ $ 461,249
Meters 11,459 2,346 13,805
Equipment 14, 134 3, 131 1,924 15,341
$ 435, 703 $ 56,616 $ 1,924 $ 490,395
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CITY OF HOPKINS, MINNESOTA
SEWER UTILITY FUND
47
CITY OF HOPKINS, MINNESOTA —
SEWER UTILITY FUND
BALANCE SHEET
DECEMBER 31, 1969
ASSETS
CURRENT ASSETS —
Cash $ 33,574
Cash deposited with bond retirement fund 6,729
Temporary investments 99,250
Accounts receivable 8 ,850
Accrued interest receivable 580
Total current assets 148,983
FIXED ASSETS
Land $ 5, 150
Pumps , tanks , mains and
equipment (net of depreciation) 1, 181,699 1,186,849
$1,335,832
LIABILITIES, RESERVES AND SURPLUS
CURRENT LIABILITIES
Accounts payable $ 33,676
Total current liabilities 33,676 —
SURPLUS
Capital
Customer contributions and investment
in fixed assets 1, 186,849
Current 115,307 1, 302, 156
$1, 335,832
48 —
CITY OF HOPKINS, MINNESOTA
SEWER UTILITY FUND
STATEMENT OF SURPLUS
YEAR ENDED DECEMBER 31, 1969
CUSTOMER CONTRIBUTION AND INVESTMENT
IN FIXED ASSETS
Balance January 1, 1969 $1, 184,418
Additions :
Acquisition of fixed assets
through current revenue 1, 339
Customer contribution through
special assessments 46,079
1 , 231,836
— Deductions :
Equipment traded in net of
accumulated depreciation $ 345
Depreciation 44,642 44,987
Balance December 31, 1969 $1, 186,849
CURRENT SURPLUS
— Balance January 1, 1969 $ 95,984
Additions :
Net loss $(23,980)
Add back depreciation charged to
investment in fixed assets 44,642 20, 662
116,646
Deductions :
Fixed assets purchased from revenue 1, 339
Balance December 31 , 1969 $ 115, 307
49
CITY OF HOPKINS, MINNESOTA
SEWER UTILITY FUND
STATEMENT OF INCOME AND EXPENSE
YEAR ENDED DECEMBER 31, 1969
REVENUE
Customer service charges $109,203
Water utility fund transfer 30,280
Connection charges 8 ,995
148,478
EXPENSES
Operating expense
General and administrative
Personal services $ 6,306 --
Contractual services 2,582
Commodities 1,084
Other charges 4,862
Transfers 19,150 $ 33,984
Lift stations
Personal services 11,813
Contractual services 10,089 —
Commodities 2,431 24, 333
Mains and disposals
Personal services 4,769 —
Contractual services 67,548
Commodities 1,089 73,406
Depreciation 44,642 176,365 —
OPERATING INCOME (LOSS) (27 ,887)
INCOME CREDITS —
Interest earned on investments 3,907
NET INCOME (LOSS) $(23,980) —
50
CITY OF HOPKINS, MINNESOTA
SEWER UTILITY FUND
FIXED ASSETS
DECEMBER 31, 1969
Balance Balance
January 1, December 31,
1969 Additions Deductions 1969
FIXED ASSETS
Land $ 5, 150 $ $ $ 5, 150
Pumps and mains 1,628, 322 46, 784 1,675, 106
Equipment 36, 317 634 2, 294 34,657
$1, 669, 789 $ 47 ,418 $ 2,294 $1, 714,913
ACCUMULATED DEPRECIATION
Pumps and mains $ 467,412 $ 41,878 $ $ 509,290
Equipment 17,959 2, 764 1,949 18, 774
$ 485, 371 $ 44, 642 $ 1,949 $ 528 ,064
51
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CITY OF HOPKINS, MINNESOTA
GENERAL FIXED ASSETS
53
CITY OF HOPKINS, MINNESOTA
GENERAL FIXED ASSETS
BALANCE SHEET
DECEMBER 31, 1969
ASSETS
FIXED ASSETS
Land $ 762,992
Structures 873,821
Other improvements 3,047,560
Equipment 660,654 -
Joint assets held with Village of Minnetonka 1,191
$5,346,218 -
SURPLUS
Surplus -
Investment in fixed assets $5,346,218
$5,346,218 -
Other -
Total Land Structures improvements Equipment
General
government $ 786,203 $160,669 $570,564 $ 818 $ 54, 152
Public safety 164,963 164,963
Engineering
and streets 3, 041,481 175, 737 9,000 2,661,885 194,859 -
Sanitation and
waste removal 559, 133 115,022 18,400 345,077 80,634
Libraries 348,290 52, 510 217,314 78,466 -
Recreation and
parks 444,957 259,054 58 ,543 39,780 87,580
Jointly held
assets 1, 191 1,191 -
$5,346,218 $762,992 $873,821 $3,047,560 $ 661,845
54
CITY OF HOPKINS, MINNESOTA
COMBINED SECTION
L 55
CITY OF HOPKINS, MINNESOTA —'
FUND BALANCE SHEETS
DECEMBER 31, 1969 _
General
and special Permanent
Total revenue improvement
ASSETS
Cash $ (20, 130) $ 68 ,296 $ (69,111) —
Cash deposited with
fiscal agents 46,970
Cash deposited with
other fund 6 , 729 —
Temporary investments 1,064,414 289,644 399,920
Accounts receivable 56,157 31,294
Special assessments receivable
Deferred 999,569 971,489
Delinquent 360 360
Accrued interest receivable 15,550 2,856 12,114
Due from other funds 1,545, 726 30,135 —
Funds deposited with
the state 4,493 4,493
Inventories 22,012 12,926 —
Authorized construction to
be assessed 630,559 630,559
Amounts to be provided for _
construction 302,940 302,940
Amounts to be provided for
debt retirement 1,290,270 54,210
Prepaid expenditures 51,849 51,849
Fixed assets (net of
depreciation) 8,680,937
$14,698,405 $515,568 $2,278,406
56 —
Special Bond Trust Water Sewer Generalfixed
assessments retirement and agency utility utility assets
$ (1,155) $ 13,578 $ 2, 723 $ (68,035) $ 33,574 $
2, 178 41, 708 3,084
6,729
275 ,600 99,250
16,013 8 ,850
28,080
580
4, 796 1,510,795
9,08(
1,236 ,060
2, 147,870 1 , 186,849 5,346,218
$ 33,899 $1, 566,081 $ 2, 723 $3,619,678 $1 ,335 ,832 $5,346,218
57
CITY OF HOPKINS, MINNESOTA
FUND BALANCE SHEETS
DECEMBER 31, 1969
General
and special Permanent
Total revenue improvement
LIABILITIES , RESERVES AND SURPLUS
Liabilities
Accounts payable $ 63,547 $ 29,353 $
Matured bonds and
interest payable 46 ,970
Due to other funds 1,545 ,726 34,931 274,735
Due on contract for deed 24,075 24,075
Contracts payable 32,889 32,889
Interest payable 493,692 63,000
Bonds payable 1,660,000 400,000
Sales tax payable 399
3,867,298 88 ,359 770,624
Reserves
Encumbrances 264, 131 264, 131
Unrealized revenue 40,457 40,457
Imprest cash 345 245
Inventories 22,013 12 ,926
Funds on deposit with state 4,493 4,493
Unexpended appropriations 486, 735 46, 137 440,598
Retirement of bonds and
interest 74,200
Funds in trust 9,557
901,931 368 ,389 440,598
Surplus
Fund principal 830,000 830,000
Investment in fixed assets 8 ,504,705
Current surplus 263,562
Unappropriated surplus 330,909 58,820 237 , 184
9,929, 176 58 ,820 1,067,184
$14,698 ,405 $515,568 $2,278,406
58
General
_ Special Bond Trust Water Sewer fixed
assessments retirement and agency utility utility assets
$ $ $ $ 518 $ 33,676 $
2,178 41, 708 3,084
1,236 ,060
900 408,560 21,232
10,000 1,095 ,000 155 ,000
399
13,078 1,545,268 1 ,416,293 33,676
100
9 ,087
74,200
6 ,729 2,723 105
6,729 2, 723 83,492
1 ,971,638 1, 186,849 5, 346,218
148 ,255 115 ,307
20,821 14,084
20,821 14,084 2, 119,893 1,302, 156 5,346,218
$ 33,899 $1,566 ,081 $ 2,723 $3,619 ,678 $1,335,832 $5,346 ,218
59
CITY OF HOPKINS, MINNESOTA
INVESTMENTS —
DECEMBER 31, 1969
Cost plus
Face accrued
Description Maturity amount discount —
United States Treasury bills January 22 ,1970 $ 60,000 $ 59,644
United States Treasury bills March 23, 1970 280,000 275,600 —
Federal Home Loan bills May 25, 1970 100,000 99,2.50
Federal Intermediate Credit —
Bank debentures August 3, 1970 230,000 230,000
Federal Home Loan bills August 25, 1970 400,000 399,920
$1,070,000 $1,064,414
FUND OWNERSHIP
General $ 289,644
Permanent improvement revolving 399,920
Water utility 275,600
Sewer utility 99,250
$1,064,414
60
CITY OF HOPKINS, MINNESOTA
ANALYSIS OF BONDS AND INTEREST PAYABLE
DECEMBER 31, 1969
Balance Balance
_ January 1, December 31,
1969 Issued Retired 1969
BONDS PAYABLE
General bonds $1, 170,000 $ $ 75 ,000 $1 ,095 ,000
Permanent improvement
revolving 400,000 400,000
Special assessments 12,000 2,000 10,000
Water revenue 177 ,000 22,000 155,000 _
$1,359,000 $400,000 $ 99 ,000 $1,660,000
INTEREST PAYABLE
General bonds $ 451,895 $ $ 43, 335 $ 408 ,560
Permanent improvement
revolving 63 ,000 63,000
Special assessments 1, 256 356 900
Water revenue 27 ,562 6,330 21,232
$ 480,713 $ 63 ,000 $ 50,021 $ 4932692
61
CITY OF HOPKINS , MINNESOTA
BONDS AND INTEREST PAYABLE
DECEMBER 31, 1969
Permanent
improvement
BONDS PAYABLE Date Total revolving
Date of issue August 1, 1969
Annual maturities and
interest dates August 1 -
Bonds authorized and
issued $400,000
Interest rate 5,257
1970 $ 90,000 $
1971 80,000 -
1972 485,000 400,000
1973 85,000
1974 85,000 -
1975 80,000
1976 80,000
1977 70,000
1978 70,000
1979 60,000
1980-84 275,000
1985-88 200,000 -
$1, 660,000 $400,000
INTEREST PAYABLE
1970 $ 68,013 $ 21,000
1971 65,130 21,000
1972 62 ,194 21,000
1973 38,040
1974 35,000 -
1975 31,930
1976 28,870
1977 26,240 -
1978 23,620
1979 21, 155
1980-84 73, 000
1985-88 20,500 -
$ 493,692 $ 63,000
(a) Bonds maturing April 1, 1980
and thereafter are callable
at par
(b) Payable in equal annual
62 installments
Funds
and Retirement
General obligation Special
Permanent improvement assessment Water utility
revolving improvement revenue
- June 1, 1967 April 1, 1964 June I, 1954 June I, 1954 June 1, 1957
December 1 April 1 December 1 December I June 1
$900,000 $400, 000 $275, 000 $225, 000 $200,000
3. 90%-4, 207 2. 6070-3 , 207 2.80%-3. 007 2 . 507-3 ,005 4. 00'%-4 . 50Y.
$ 30,000 $ 35, 000 $ 2, 000 $ 13, 000 $ 10, 000
35, 000 20,000 2, 000 13, 000 10, 000
- 40, 000 20,000 2, 000 13, 000 10,000
40,000 20, 000 2, 000 13, 000 10, 000
40, 000 20, 000 2,000 13, 000 10, 000
40, 000 20, 000 20, 000
40, 000 20, 000 20, 000
50, 000 20, 000
50, 000 20, 000
50,000 10, 000
250,000 (b) 25, 000 (a) (b)
200, 000 (b)
$865, 000 $230, 000 $ 10, 000 $ 65 , 000 $ 90,000
$ 34,850 6, 325 $ 300 $ 1 , 723 $ 3,815
33, 590 5, 580 240 1 ,345 3, 375
- 32, 120 5,000 180 969 2,925
30,440 4,420 120 585 2,475
28,880 3,840 60 195 2, 025
-- 27,320 3,260 1, 350
25, 760 2 ,660 450
24,200 2, 040
22 ,200 1,420
20, 200 955
71, 000 2, 000
20, 500
$371, 060 $ 37, 500 $ 900 $ 4,817 $ 16,415
63
1
i
64
CITY OF HOPKINS, MINNESOTA
GENERAL
65
CITY OF HOPKINS, MINNESOTA
SECURITY FOR DEPOSITS
DECEMBER 31, 1969
Deposits —
Book Bank
First National Bank of Hopkins $(33,398) $ 65,799 —
$(33,398) $ 65, 799
Northwestern National Bank of Hopkins $ 12,923 $ 35,025
$ 12,923 $ 35,025
66
Security for deposits
Principal
amount Description Due date
$200,000 United States Treasury Bonds of 1974 May 15, 1974
20,000 Prince Georges Maryland County Bonds March 1, 1977
Cook County Illinois School
20,000 District 225 Bonds December 1, 1978
Lake County Illinois School
20,000 District 109 Bonds December 1, 1978
Pittsburgh, Pennsylvania Housing
40,000 Authority Municipal Bonds December 1, 1978
$300,000
Eastern Montant College Education
30,000 Building Fee July 1, 1983
Grant County Washington Public Utility
25,000 District 2 January 1, 1981
Lake Tahoe, California Unified School
25,000 District Series A January 1, 1972
Wadena Todd Counties , Minnesota
25,000 School District 818 January 1, 1982
Cape Canaveral, Florida Sanitary
25 ,000 Sewer Revenue February 1, 1982
25,000 Clark County Nevada School District February 1, 1977
Golden Valley, Minnesota Improvement
25 ,000 Bond February 1, 1976
Las Vegas , Nevada Off Street Parking
25,000 Revenue February 1, 1979
McLeod, Renville, Meeker Counties ,
30,000 Minnesota School District 423 March 1, 1982
Bloomington, Minnesota Permanent
25,000 Improvement Revolving Series 7 April 1 , 1974
Sunnyvale, California Municipal
20,000 Improvement Series A October 1, 1977
Wayne County Michigan Metropolitan
25 ,000 Water Supply Systems Board Series 2 April 1, 1993
Wayne County Michigan Metropolitan
25,000 Sewage Disposal System Series 3 April 1, 1994
Cabrillo, California Unified School
55,000 District Series B November 1, 1988
25 ,000 Kittson County, Minnesota May 1, 1981
45,000 Chula Vista, California Golf Course December 15 , 1991
$455,000
67
CITY OF HOPKINS, MINNESOTA
OFFICIAL BONDS
DECEMBER 31, 1969
Bond
Surety, position and name Amount Expires
Western Surety Company _
Assessors
Joseph A. Hromadko $ 1,000 August 1, 1970
Clifford R. Peterson 1,000 August 1, 1970
Arlyn Sala 1,000 August 1, 1970
General Insurance Company of America
City treasurer 40, 000 January 2, 1970
Assistant city treasurer 25,000 January 2, 1970 _
City manager 10,000 January 2, 1970
Clerk cashier 5,000 January 2, 1970
General Insurance Company of America
All village employees not otherwise _
required by law to be specifically
bonded 2, 500 January 1, 1970
68
CITY OF HOPKINS, MINNESOTA
INSURANCE IN FORCE
DECEMBER 31, 1969
FIRE AND EXTENDED COVERAGE
Vandalism and Malicious Mischief
Public and institutional property form
90% Co-insurance buildings and contents
$100 deductible for all perils except fire
Total value of buildings $1,465,900
Total value of contents $ 472, 500
FLEET LIABILITY INSURANCE
Comprehensive automobile liability
Collision on cars - actual value less $150 deductible
Bodily injury $200,000/200,000
Property damage $30,000
WORKMENS ' S COMPENSATION
Statutory coverage
BOILER EXPLOSION
Municipal building and public library
$250,000
VOLUNTEER FIREMEN' S ACCIDENT POLICY
Accident and indemnity
$50 weekly benefit
$5,000 maximum
COMPREHENSIVE GENERAL LIABILITY INSURANCE
Construction
Bodily injury $100,000/300,000
Property damage $50,000/100,000
69
CITY OF HOPKINS, MINNESOTA
ORGANIZATION
DECEMBER 31, 1969
Term
expires
June 30
Mayor Henry Pokorny 1971
—
Councilmen: Warner P. Blake 1971
Robert P. Harriman 1971
Paul R. Lund 1973 —
Jerre A. Miller 1973
City Manager and Treasurer Terry L. Novak _
City Clerk and Deputy Treasurer Clifford R. Peterson
City Attorney Joseph C. Vesely
City Engineer and Director of
Public Works John J. Strojan '-
Assessor Clifford R. Peterson
Deputy Assessor and Purchasing
Agent Joseph A. Hromadko —
Finance Officer John D. Frane
Building Inspector and Zoning
Administrator Clinton K. Blomquist
Housing Inspector Firmus J. Opitz
Health Officer Dr. Herman E. Drill
Health Sanitarian Robert A. Mood
Director, HRA George E. Howell —
Police Superintendent William F. Proetz
Fire Chief John A. Brecka
Assistant Engineer and Civil —
Defense Director Gordon P. Anderson
Street Superintendent Verlyn J. Sletten
Water and Sewer Superintendent John A. Brecka
Weed Inspector Robert G. Anderson
Electrical Inspector William C. Whitney
Librarian Michael T. McClellan
Recreation Director Richard L. Wilson —
Commissions :
Board of Health Dr. H. E. Drill 1971
William F. Proetz 1971
Mrs . Martin N. Hagen 1970
Mrs . Floyd M. Alcott 1970 —
Warner P. Blake, Councilman 1970
70
CITY OF HOPKINS , MINNESOTA
ORGANIZATION
DECEMBER 31 , 1969
Term
expires
— (continued) June 30
Library Board Mrs . William L. Sprague 1970
Mrs . Robert M. Geltman 1970
Waldo R. Peterson 1971
Joseph C. Vesely 1970
Mrs . Robert W. Sawyer 1971
Gerald J. Mashek 1971
Paul R. Lund, Councilman 1970
Police Civil Service Commission Robert M. GelLman 1970
Howard S . Marker 1970
Cecil M. Kloss 1970
Recreation Commission Eugene F. Reilly 1970
Mrs . Philip W. Hovander 1970
James W. Murphy 1970
Parks Commission James W. Murphy 1971
Mrs . Philip W. Hovander 1971
Eugene F. Reilly 1971
Albin V. Stang 1971
Robert P. Harriman,
Councilman 1970
Zoning and Planning Commission Dr. Paul G. Slaton 1971
Joseph E. Hussey 1971
Paul W. Lohmann 1971
James C. Shirley 1971
Dr . A. H. Malerich, Jr. 1971
Stanley J. Sidla 1971
Henry Pokorny, Mayor
Clinton K. Blomquist)
Terry L. Novak ) ex-officio
John J. Strojan ) members
James W. Hawks )
Employees ' Advisory Board Clifford A. Robinson
Robert G. Anderson
Edward F. Dukatz
Henry Pokorny, Mayor
71
CITY OF HOPKINS, MINNESOTA
ORGANIZATION
DECEMBER 31, 1969
(continued)
Charter Commission K. Maxfield Otto
John A. Larsen
Richard L. Brubacher
Robert N. Stone
Joseph P. Pierro
Mrs . Roland W. Higgs
Dr. Frank J. Kucera
Robert M. Geltman —
Mrs . Otto H. Wenzel
Donald J. Milbert
W. Harlan Perbix
Mrs . Russell S. Maetzold
Mrs . Adelyn L. Gordon
Fred C. Stalley
Rev. Lasse J. Stohl
Hopkins Housing and
Redevelopment Authority George E. Howell, Director
A. G. Larson
Robert J. Engels
Leonard C. Egge
John T. Pegors
Steven E. Woolley
Human Rights Commission Donald J. Milbert
Willis F. Street
Fred C. Stalley
Donald C. Caroline —
Dr. Roland W. Higgs
Mrs . James L. Martineau
Rev. Lasse J. Stoh1
Rev. Fr. Edward A. Chmielewski
Jerre A. Miller, Councilman
72