1966 City of Hopkins, MN Annual Financial Report CITY OF HOPKINS, MINNESOTA
FINANCIAL STATEMENTS
YEAR ENDED DECEMBER 31, 1966
INDEX
Explanatory Comments I, II, III, IV
Auditors Letters V, VI, VII
GENERAL AND SPECIAL REVENUE FUNDS
Balance Sheet 1 - 2
Analysis of Changes in Unappropriated Surplus-General Fund 3
Analysis of Changes in Unappropriated Surplus-Beach Concession Fund 4
Statement of Revenues - General Fund 5 - 6
Statement of Expenditures - General Fund 7 - 22
Analysis of Changes in Reserves - State Aid Construction 23
PERMANENT IMPROVEMENT REVOLVING FUND
Balance Sheet 24
Analysis of Changes in Unappropriated Surplus 25
Statement of Appropriated Expenditures and Amounts Assessed 26 - 27
Statement of Changes in Assessments Receivable 28
SPECIAL ASSESSMENT FUND
Balance Sheet 29
Analysis of Changes in Unappropriated Surplus 30
Analysis of Changes in Bonds and Interest Payable 31
BOND RETIREMENT FUND
Balance Sheet 32
Analysis of Changes in Unappropriated Surplus 33
Analysis of Changes in Reserves 34
Analysis of Changes in Deferred Taxes Receivable 35
Statement of Bonds and Interest Payable and Required Reserves 36
TRUST AND AGENCY FUNDS
Balance Sheet 37
WATER UTILITY FUND
Balance Sheet 38
Analysis of Changes in Surplus 39
Statement of Income and Expense 40
Statement of Fixed Assets and Accumulated Depreciation 41
SEWER UTILITY FUND
Balance Sheet 42
Analysis of Changes in Surplus 43
Statement of Income and Expense 44
Statement of Fixed Assets and Accumulated Depreciation 45
GENERAL FIXED ASSETS
Statement of General Fixed Assets 46
COMBINED SECTION
Balance Sheet 47-50
Statement of Investments by Funds 51
Statement of Changes in Bonds and Interest Payable - All Funds 52
Statement of Bank Balance and Security for Deposit 53
Statement of Bonds and Interest Payable - All Funds 54-55
STATISTICAL SECTION
Insurance in Force 56-57
Assessed Valuations and Estimated True and Full and Market Values 58-59
Principal City Officials 60-61
History 62
CITY OF HOP1.INS, MINNESOTA
C0MMENTS ON BALANCE SHEET ITEMS
CASH WITH FISCAL AGENT $47,784.00
Represents funds on deposit with fiscal agents for the redemption
of bonds and coupons currently due and which not have been returned
to the City.
DEPOSITS WITH OTHER FUNDS $6,088.60
Is the required reserve the Sewer Fund must have on deposit with
the Bond Retirement Fund for the Sewer Revenue issue of 9/1/58.
Amounts not needed for bond and interest payments will be refunded
to the Sewer Fund when the final payments are made.
TEMPORARY INVESTMENTS $610000.00
Detailed as follows:
General Fund:
Federal Intermediate Credit Banks yield
5.357., due 1/3/67 $190,000.00
_ Northwestern National Bank, 51/2%
time certificate, due 2/28/67 $190,000.00
$380,000.00
Bond Retirement Fund:
First National Bank, 527.
time certificate, due 10/31/67 $20,000.00
Northwestern National Bank, 570
time certificate, due 5/7/67 $50,000.00
$70,000.00
Water Utility Fund:
First National Bank, 53-i%
time certificate, due 10/31/67 $160,000.00
Total $610,000.00
ACCOUNTS RECEIVABLE $24,030. 19
General Fund
Sentry Insurance (w/comp insurance) $ 4,624.89
Hennepin County 2,419.00
Miscellaneous smaller amounts 3,007.23
$ 10, 131. 12
— Utility Funds :
Amounts due from customers $ 13 099.07
Total 24,030. 19
TAXES RECEIVABLE - DEFFERED 57,800.00
Is the amount the City must levy for retirement of the
P.I.R. funding bonds.
— I
TAXES RECEIVABLE - DELINQUENT $24,351.58
Represents amount unpaid for the past five years
SPECIAL ASSESSMENTS - DEFERRED $ 1,167,336. 15
Equals the total amount of assessments due in the
future in the P.I.R. Fund until 1985 and in the Special
Assessments Fund until 1975.
SPECIAL ASSESSMENTS - DELIN UCS EN $ 9,334.21
Are amounts unpaid for the past five years.
DUE FROM OTHER FUNDS $431,519.30
P.I.R. Fund:
Due from General Fund as a
temporary transfer $ 8,099. 10
Bond Retirement Fund:
Due from P. I. R. Fund for the
municipal building bonds $396,935.00
Due from Sewer Fund for the
bond issue of 9/1/58 26,485.20
$423,420.20
Total $431,519.30
FUNDS ON DEPOSIT WITH THE STATE $ 27,392.91
Is the City's share of the State gasoline tax
left on deposit. The amount may be used only for
construction of State aid streets.
AMOUNTS TO BE PROVIDED FOR CONSTRUCTION $377 647.90
Relative to the following construction:
11th 17th
Ave. Ave.
State Aid $182, 179.29 $133,632.55
City's Share 6,024.72 5,761.34
Total $158,204.01 $189,443.89
AMOUNTS TO BE PROVIDED FOR
DEBT RETIREMENT $122, 164.10
Detailed as follows:
Contracts for Deed
Fairgrounds property $20,900.00
Landfill property 81,210.00
102, 110.00
Park Improvements 20,054. 13
Total $122, 164. 18
II
AMOUNTS TO BE PROVIDED FOR LAND
Cost of acquiring property for proposed parking
lots.
$25,675.00
FIXED ASSETS
General Fixed Assets are shown at cost. Fixed $6,744,855.85
assets in the Utility Funds are shown at cost
less depreciation.
MATURED BONDS AND INTEREST PAYABLE
Are presently due and payable from the cash deposited $47,734.00
_ with the fiscal agents as shown under the caption
assets.
DUE TO OTHER FUNDS
See Due From Other Funds previously commented upon. $431,519.30
DUE ON CONTRACTS FOR DEED $94,010.90
Feltl property $73,110.90
Fairgrounds property 20,900.00
Total $94,010.90
INTEREST PAYABLE $111,564.50
$657,000.00
See Statement of Bonds and Interest Payable -
All Funds for details.
RESERVE FOR ENCUMBRANCES
The following amounts have been reserved $135,805.21
for future expenditures :
Ordinance Codification 2,000.00
Fire Equipment 29,000.00
F.B.I. Academy Fee 351.00
Traffic Signals 9,400.00
Radio Equipment 475.00
Parking Enforcement 1,650.00
Storm Sewers 92,929.21
$135,805.21
UNEXPENDED APPROPRIATIONS $335,208.03
General Fund:
Municipal State Aid $278,806.63
P.I.R. Fund:
See Statement of Appropriations,
Expenditures and Amounts
Assessed 56,401.40
Total $335,208.03
III
GENERAL FUND
Actual revenues for the year totaled $916,225.93 as against the
estimated amount of $917,071.00, a decrease of $045.07.
Expenditures and encumbrances equaled $1,039,42Z.57 an increase of
$4,327. T. over the amounts authorized. The reduction in the
— operating reserve (surplus) from $30,640.06 to $25, 121. 17 or
$5,510.89 was due to expenditures and enci: brances for the current
year exceeding current year revenues.
— PERMANENT IMPROVEMENT REVOLVING FUND
Expenditures for current years construction amounted to $444,324.71,
completed projects assessed equaled $245,900.01. The substantial
increase in unappropriated surplus of $95, 124.10 during the year
resulted from interest to be realizaiin the future on assessed projects.
SPECIAL ASSESSMENT FUND
There was no significant activity in Special Assessment Fund in the
current year.
BOND RETIREMENT FUND
During the year the bond and interest indebtedness was reduced by
$106,309.00 to $485,349.00 or $419,000.00 and $66,049.00, respectively.
— There was no material change in the unappropriated surplus.
WATER UTILITY FUND
Net income increased $15,269.63 to $46,034.45 as compared to the
previous year. A condensed comparative income statement follows:
Year Ended
— 1966 19E 5
Total Operating Revenues $ 148,793.12 $ 136,741.54
Total Operating Expenses 75,325. 12 78,479.69
Net Income Before Depreciation 73,463.00 58,261.85
Depreciation 34,377.9 33,011.12
Net Income After Depreciation 39,090. 11 24,450.73
— Non Operating Income 7,744.34 7, 114.09
Net Income $ 46,034.45 $ 31,564.82
SEWER UTILITY FUND
Net income for the year was $16,312.55 as compared to $12,558.09 for the
year ended December 31, 1965. Listed below is a condensed comparative
income statement:
Year Ended
1966 1965
Total Operating Revenues $ 125,070.57 $ 120,972.20
Total Operating Expenses 69,731.40 70,674.02
Net Income Before Depreciation 56,0 9. 17 50,297.3E
Depreciation 42,057.24 39,923. 16
Net Income after Depreciation 14,031.93 10,374.22
Non-Cperating Income 2,200.62 2, 183.87
Net Income $ 16,312.55 $ 12,558.09
IV
HERD=T J. FLESHER & COMPANY
Certified Public Accountants
50 South Ninth Avenue
Hopkins, Minnesota
April 16, 1967
The Honorable Mayor and the
members of the City Council
City of Hopkins, Minnesota
We bring to your attention the following remarks relative to
the audit of the books and records of the City of Hopkins,
Minnesota for the year ended December 31, 1966, which was
recently completed.
1. In view of the declining purchasing power of the dollar,
it would seem advisable to consider raising the bid
limit above the present amount of 500.00.
2. As in the past, we urge the use of a cash register to
insure better control of cash collections.
3. Municipal business with Councilmen generally is not
authorized for municipalities located in Metropolitan
areas. During 1966, payments were made to Pokorny
Plumbing Company; however, the amounts involved were
insignificant.
4. When the security furnished by a depository is a bond,
other than a corporate surety bond, the total amount
of the collateral computed at its market value, must
be at least ten percent more than the maximum deposit
authorized by the council. The Northwestern National
Bank of Hopkins security for deposit has been running
below this standard.
5. The following claims have been filed against the City and are outstanding
at December 31, 1966.
Date
Claimant Filed I..fury Amount
Sally & Donald Black 12-11-62 Auto injury 12th Ave.-Hwy. 7 125,000.00
Mr. & Mrs. John M.
Christensen and Howard
— and Verna Kunz 11-24-64 Sewage back up 2,000.00
Alice Fortner 11-4-64 Injury from fall 4,000.00
John K. Hacking 5-5-65 Drove through fresh tar 10.50
Mrs. Oscar Hensen 6-29-65 Injury from fall ;'P
Larrie Heinzen 12-23-53 Injury from fall 15,000.00
Carmen C. Hulbert 11-30-64 Injury from fall #
Allen J. Lamer 5-4-65 Auto accident Hwy. 7
and County Road 13
Neela Landquist 12-2-65 Injury from fall 15,000.00
Margaret Nelson 9-29-65 Injury from fall 7r'
— Donna M. Peterson 8-11-65 Manhole cover flipped up
scratching car 22.50
Mrs. Mary Schutrop 3-1-65 Injury from fall #
Clifford M. Fiveland 3-1-66 Motorcycle struck a hole
on 5th Street So. 125,000.00
y�ti�r' .e.W6-74' X- (26-73-67
VI
HERBERT J. FLESHER & COMPANY
Certified Public Accountants
50 South Ninth Avenue
Hopkins, Minnesota
April 16, 1967
the Honorable Mayor and the
Members of the City Council
City of Hopkins, Minnesota
We have examined the accompanying financial statements of the
respective funds of the City of Hopkins, Minnesota for the year
-" ended December 31, 1966. The examination, a limited general
audit, 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.
A physical inventory in the General Revenue Fund was not taken, •
nor was a verification made of the balances due on the assess-
ments receivable.
In our opinion, subject to the qualification„ stated above, the
statements as shown on pages 1 through 55 present fairly the
financial position of the respective funds of the City of Hopkins,
Minnesota at December 31, 1966, and the results of their operations
for the yea: then ended, it conformity with generally accepted
governmental accounting principles applied on a basis consistent
with that of the preceding year.
-71,--&.-4-12-t 0416,7
Certified Public Accountants
Date Field Work Completed: April 16, 1967
If this report is published, it must be reproduced in its entirety.
Extracts may not be published without authorization.
VII
CITY OF HOPKINS) MINNESOTA
GENERAL AND SPEC IAL
REVENUE FUNDS
CITY OF H0PKINS, MINNESOTA
GENERAL AND SPECIAL REVENUE FUNDS
BALANCE SHEET _
December 31, 1966
ASSETS Total
Cash:
Treasurer's Cash $ 87,291.06 _
Imprest Cash 205.00
Temporary Investments 380,000.00
Accounts Receivable 10, 131. 12
Accrued Interest Receivable 7,595.52
Taxes Receivable - Delinquent 22, 177.4.8
Funds on Deposit With the State 27,392.91
Inventories 10,941.37 _.
Prepaid Expenditures 1,571.71
To Be Provided for Contracts for Deed 122, 164. 13
Total Assets $669,470.35
LIABILITIES, RESERVES, AND SURPLUS
Liabilities:
Accounts Payable $ 29,034.65
Due on Contracts for Deed 94,010.90
Due to Other Funds - PIR Fund 8,099. 10
Total Liabilities 131, 144.65
Reserves :
Encumbrances 135,805.21
Prepaid Revenue 31,734.03 —
Imprest Cash 205.00
Inventories 10,941.37
Uncollectible Accounts Receivable 750.00 —
Delinquent Taxes Receivable 18,897.25
Funds on Deposit with the State 27,392.91
Unexpended Appropriations 278,806.63
Total Reserves 504,532.40
Unappropriated Surplus 33,793.30
Total Liabilities, Reserves
and Surplus $669,470.35
1
CITY OF HOPKINS, MINNESOTA
Funds
State Aid
— Beach Street
General Concession Construction
$(200, 187.70) $8,672. 13 $278,806.63
— 205.00
380,000.00
10, 131.12
— 7,595.52
22, 177.48
27,392.91
10,941.37
1,571.71
122, 164. 18
$ 354,598.68 $8,672. 13 $306, 199.54
$ 29,034.65
— 94,010.90
8,099. 10
$ 131, 144.65
$ 135,805.21
31,734.03
205.00
10,941.37
750.00
18,897.25
$ 27,392.91
278,806.63
$ 198,332.6
$306, 199.54
25, 121. 17 $8,672. 13
$ 354,598.68 $8,672. 13
$306, 199.5L,2
,-a
CITY OF HOPKINS, MINNESOTA
GENERAL FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
For the year ending December 31, 1966
Balance - January 1, 1966 $ 30,640.06
Additions:
Reserve for Encumbrances January 1, 1966 $116,879.62
Revenues (Page 21) 916,225.93
Other Additions 072. 19 1,033,977.74
$1,064,617.80
Deductions:
Expenditures (Page $903,617.36
Reserve for Encumbrances-December 31, 1966
(Page 22) 135,305.21
Adjust inventory to actual 74.06
1,039,496.63
Balance - December 31, 1966 $ 25, 121. 17
CITY OF HOPKINS, MINNESOTA
BEACH CONCESSION FUND
ANALYSIS OF CHANGE IN UNAPPROPRIATED SURPLUS
For the year ending December 31, 1966
Balance m January 1, 1966 $ 7,914.17
Additions:
Operating income m Sales $6,511.93
Locker Rentals 16.30
Total Additions 6,528. 23
$14,442.40
_ Deductions:
Operating Expenses
Personal Services $2, 121.26
Contractual services 378.70
Merchandise for Resale 3,270.31
Total Deductions 5,770.27
Balance - December 31, 1966 $ 8,672.13
4
CITY OF HOPKINS, MINNESOTA
GENERAL FUND
STATEMENT OF REVENUE - ESTIMATED AND ACTUAL
For the year ending December 31, 1966
Increase
(Decrease)
_ of Actual Revenue
Estimated Actual Compared with
Revenue Revenue Estimated
_ General Property Taxes:
Current Ad Valorem $657,840.00 $649,055.20 $ (8,784.80)
Delinquent Ad Valorem 3,500.00 1,937.51 (1,562.49)
Penalty and Int. on Delinquent Taxes 1,500.00 876.44 (623.56)
— Total General Property Taxes $662,840.00 $651,869.15 $(10,970.85)
Licenses and Permits:
Street Use Permits $ 632.00 $ 743.00 $ 111.00
Business Licenses 35,889.00 31,994.00 (3,895.00)
Non-business Licenses & Permits 12,940.00 10,545.09 (2,394.91)
Total Licenses and Permits $ 49,461.00 .$ 43,282.0 __ $ (6,178.91)
Fines and Forfeitures:
Court Fines $ 22,000.00 $ 23,677.00 $ 1,677.00
— Forfeitures 500.00 463.64 (36.36)
Total Fines and Forfeitures $ 22,500.00 $ 24, 140.64 $ 1,640.64
Revenue From Use of Money and Property:
— Interest Earnings $ 8,000.00 $ 16,948.59 $ 8,948.59
Rents 1, 260.00 2,930.00 1,670.00
Commissions 200.00 118. 11 (81.89)
Total Revenue From Use of
Money and Property $ 9,460.00 $ 19,996.70 $ 10,536.70
_ Revenue From Other Agencies:
Shared State Taxes -
Liquor $ 15,000.00 $ 15,843.10 $ 843.10
Cigarettes 25,000.00 22, 180.34 (2,819.66)
Bank Excise 3,800.00 1,712.64 (2,087.36)
Mortgage Registry 3, 300.00 4, 115.92 815.92
State Aid-Road Maintenance 10, 000.00 9, 165 .00 (835.00)
— Direct Relief 150.00 - (150.00)
Mobile Homes 50.00 54.81 4.81
Total Revenue From Other
— Agencies $ 57,300.00 $ 53,071.81 $ (4, 228.19)
— 5
CITY OF HOPKINS, MINNESOTA
GENERAL FUND
STATEMENT OF REVENUE m ESTIMATED AND ACTUAL
For the year ending December 31, 1966
Increase
(Decrease)
of Actual Revenue
Estimated Actual Compared With
Revenue Revenue Estimated
Charges for Current Services:
General Government $ 920.00 $ 798. 10 $ (121.90)
Public Safety 3, 010.00 3, 182.44 172.44
Libraries 2,600.00 1,734.77 (865.23)
Recreation 49,980.00 53,572.63 3,592.63
Total Charges for Current Services$ 56,510.00 $ 59,287.94 $ 2,777.94
Other Revenue $ 3,500.00 $ 1,561.08 $ (1,938.92)
Transfers From Other Funds (Permanent)
Parking Meter $ 1,500.00 $ 2,287.00 $ 787.00
Permanent Improvement Revolving 20,000.00 26,729.52 6,729.52
Water Utility 17,500.00 17,500.00
Sewer Utility 16,500.00 16,500.00
Total Transfers From Other Funds 1_12-_,500.00 $ 63,016.52 $ 7,516.52
Total Revenue (To Page 3) $917,071.00 $916, 225.93 $ (845.07)
6
CITY OF HOPKINS- MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS —
For the year ending December 31, 1966
Authorizations _
Reserve for
Appropriations Encumbrances
(After Outstandijg
Revisions) Jan. 1, 19-66 Total
GENERAL GOVERNMENT
Mayor and Council
Personal Services $ 3,700.00 $ 3,700.00
Contractual Services 3,700.00 3,700.00 _
Commodities 300.00 300.00
Other Charges 1, 200.00 1,200.00
Capital Outlay - -
Total Mayor and Council $ 8,900,00 $ 8,900.00 —
City Manager
Personal Services $20,000.00 $20,000.00 —
Contractual Services 1,775.00 1,775.00
Commodities 500.00 500.00
Other Charges 150.00 150.00 _
Capital Outlay 200.00 200.00
Total City Manager $22,625.00
$22,625.00
City Clerk —
Personal Services $11,500.00 $11,500.00
Contractual Services 500.00 500.00
Commodities 350.00 350.00 _
Other Charges 25.00 25.00
Total City Clerk $12,375.00 $12,375.00
Elections —
Personal Services $ 2,500.00 $ 2,500.00
Contractual Services 250.00 250.00
Commodities 250.00 250.00 —
Total Elections 3,000.00 $ 3,000.00
Legal Services
Personal Services $ 7,500.00 $ 7,500.00
Contractual Services 100.00 100.00
Commodities 100.00 100.00
Other Charges 150.00 150.00 —
Capital Outlay 2,000.00 2,000.00
Total Legal Services $ 9,850.00 $ 9,850.00
Court Services
Personal Services $ 1,000.00 $ 1,000.00
Contractual Services 5, 000.00 5,000.00 _
Total Court Services $ 6,000.00 $ 6,000.00
7
CITY OF HOPKINS, MINNESOTA
_ Encussbrances
Unexpended Outstanding Unencumbred
Expenditures Balance December 31, 1966 Balance
$ 2,578.90 $ 1, 121.10 $ 1, 121.10
6,736.60 (3,036.60) (3,036.60)
598.73 (298.73) (298.73)
823.03 376.97 376.97
-- $10,737.26 U16837-261 $(1,837.26)
$23,283.94 $(3,283.94) $(3,283.94)
1,441.79 333.21 333.21
772.15 (272.15) (272.15)
-- 122.00 28.00 28.00
200.00 200.00
$25,619.888 $(2,994.88) $(2,994.88)
$11,114.63 $ 385.37 $ 385.37
447.76 52.24 52.24
-- 329.43 20.57 20.57
15.00 10.00 10.00
$11,906.82 $ 468. 18 $ 468.18
$ 2,882.24 $ (382.24) $ (382.24)
2.35 247.65 247.65
245.48 4.52 4.52
$ 3, 130.07 $ 130.07) $ (130.07)
$11,037.76 $(3,537.76) $(3,537.76)
13.95 86.05 86.05
351.88 (251.88) (251.88)
82.50 67.50 67.50
2,000.00 $21000.00
$11,486.09 $(4636.09) $2,000.00 $(3,636.09)
$ 761.90 $ 238.10 $ 238.10
5,830,36 (830.36) (830.36)
$ 6,592.26 $ (592.26) $ (592.26)
8
CITY OF HOPKINS, MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
For the year ending December 31, 1966
Authorizations _
Reserve for
Appropriations Encumbrances
(After Outstanding
Revisions) Jan. 1, 1966 Total
GENERAL GOVERNMENT (Continued)
Finance and Accounting
Personal Services $19,500.00 $19,500.00
Contractual Services 380.00 380.00
Commodities 700.00 700.00
Other Charges 100.00 100.00
Capital Outlay 100.00 100.00
Total Finance and Accounting $20,780.00 $20,780.00 —
Assessing
Personal Services $19,000.00 $19,000.00 —
Contractual Services 1,050.00 1,050.00
Commodities 400.00 400.00
Other Charges 175.00 175.00
Capital Outlay 100.00 100.00
Total Assessing $20,725.00 $20,725.00
Special Assessing
Personal Services $ 3, 000.00 $ 3,000.00
Contractual Services 800.00 800.00
Commodities 200.00 200.00 —
Total Special Assessing $ 4,000.00 $ 4,000.00
Zoning and Planning
Personal Services $ 1,500.00 $ 1,500.00
Contractual Services 4,400.00 4,400.00
Commodities 250.00 250.00
Total Zoning and Planning $ 6, 150.00 $ 6, 150.00
Charter Commission
Contractual Services $ 400.00 $ 400.00
Commodities
Total Charter Commission $ 400.00 $ 400.00
9 —
CITY OF HOPKINS, MINNESOTA
Encumbrances
Unexpended Outstanding Unencumbered
Expenditures Balance December 31, 1966 Balance
$ 19, 186.28 $ 313.72 $ 313.72
229.75 150.25 150.25
396.00 (1,6.00) (196.00)
72.75 27.25 27.25
100.00 100.00
$ 20,384.78 $ 395.22
$ 395.22
$ 20, 138.06 $ (1, 138.06)
--
538.24 511.76 $(1, 11. 6)
511.76
398.20 1.80 1.80
83.00 92.00 92.00
100.00 100.00
$ 21, 157.50 $ (432.50)
$ (432.50)
$ 3,302.96 $ (302.96)
826.80 (26.80) $ (302.96)(26.80)
207.98 (7.98) (7
(7.98)
- $ 4,337.74 $ (337.74) $ (337.74)
$ 435.84 $ 1,064.16
5, 148.07 (748.07) $ 1,064.16
398.58 ( . ) (748.07)
14858
(148.58)
$ 5,982.49 $ 167.51
$ 167.51
$ 400.00 $ 400.00
$ 400.00 $ 400.00
10
CITY OF HOPKINS, MINNESOTA —
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS —
For the year ending December 31, 1966
Authorizations —
Reserve for
Appropriations Encumbrances
(After Outstanding
Revisions) Jan. 1, 1966 Total —
GENERAL GOVERNMENT (Continued)
Municipal Building
Personal Services $ 11,500.00 $ 11,500.004
Contractual Services 15,480.00 15,480.00 —
Commodities 2, 100.00 2, 100.00
Capital Outlay 1,500.00 1,500.00
Total Municipal Building $ 30,580.00 $ 30,580.00
PUBLIC SAFETY
Police Protection —
Personal Services $137,700.00 $137,700.00
Contractual Services 6,625.00 $ 1,500.00 8, 125.00
Commodities 6,045.00 6,045.00 —
Other Charges 100.00 100.00
Capital Outlay 4, 750.00 2,395.00 7, 145.00
Total Police Protection $155, 220.00 $ 3,895.00 $159, 115.00
Fire Protection
Personal Services $ 13, 200.00 $ 13,200.00
Contractual Services 4, 250.00 4,250.00 —
Commodities 3, 100.00 3, 100.00
Other Charges 325.00 325.00
Capital Outlay 9,500.00 $ 21,000.00 30,500.00
Other Disbursements 1,400.00 1,400.00 —
Total Fire Protection $ 31,775.00 $ 21,000.00 $ 52,775.00
Inspection Service
Personal Services $ 13, 100.00 $ 13, 100.00
Contractual Services 200.00 200.00
Commodities 100.00 100.00 —
Other Charges 65.00 65.00
Total Inspection Service $ 13,465.00 $ 13,465.00
11 —
— CITY OF HOPKINS, MINNESOTA
Encumbrances
Unexpended Outstanding Unencumbered
— Expenditures Balance December 31, 1966 Balance
$ 12,725.11 $(1, 225.11) $(11225.11)
— 16, 250.72 (770.72) (770.72)
2, 191.22 (91.22) (91.22)
1,361.29 138.71 138.71
$ 32,528.34 $(1,948.34) $(1,948.34)
$138,647.95 $ (947 .95) $ (947.95)
7,515.88 609. 12 $ 351.00 258. 12
5, 276.40 768.60 768.60
— 71.20 28.80 28.80
2,904.02 4, 240.98 1,900.00 2,340.98
$154,415.45 $ 4,699.55 $ 2, 251.00 $ 2,448.55
$ 14, 175.55 $ (975.55) $ (975.55)
— 4, 256.89 (6.89) (6.89)
3,343.35 (243.35) (243.35)
363.50 (38.50) (38.50)
424. 17 30,075.83 $ 29,000.00 1,075.83
— 1,412.00 (12.00) (12.00)
$ 23,975.46 $28,799.54 $ 29,000.00 1 (200.46)
$ 11, 151.22 $ 1,948.78 $ 1,948.78
341.06 (141.06) (141.06)
— 105.85 (5.85) (5.85)
80.00 (15.00) (15.00)
$ 11,678.13 $ 1,786.87 $ 1,786.87
— 12
CITY OF HOPKINS, MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
For the year ending December 31, 1966
Authorizations
Reserve for —'
Appropriations Encumbrances
(After Outstanding
Revisions) Jan. 1, 1966 Total —
PUBLIC SAFETY (Continued)
Civil Emergencies
Personal Services $ 900.00 $ 900.00
Contractual Services 200.00 200.00
Commodities 1,000.00 1,000.00
Capital Outlay 1,000.00 1,000.00
Total Civil Emergencies 3, 100.00 $ 3, 100.00
Anima. Control
Contractual Services $ 2,500.00 $ 2,500.00
PUBLIC WORKS
Engineering
Personal Services $21,500.00 $21,500.00 —
Contractual Services 370.00 370.00
Commodities 350.00 350.00
Other Charges 50.00 50.00
Capital Outlay 500.00 $ 225.00 725.00
Total Engineering $22,770.00 $ 225.00 $22,995.00
Street Administration
Personal Services $28,000.00 $28,000.00
Contractual Services 6,350.00 6,350.00
Commodities 20,000.00 20,000.00
Capital Outlay 11,900.00 $ 225.00 $12, 125.00
Total Street Administration $66, 250.00 $ 225.00 $66,475.00
Streets and Alleys
Personal Services $14, 200.00 $14, 200.00
Contractual Services 1,800.00 1,800.00
Commodities 21,300.00 $11,000.00 32,300.00
Total Street and Alleys $37,300.00 $11,000.00 $48,300.00
Snow and Ice Removal
Personal Services $ 8,000.00 $ 8,000.00
Commodities 3, 000.00 3,000.00
Total Snow and Ice Removal $11,000.00 $11,000.00
13
CITY OF HOPKINS, MINNESOTA
Encumbrances
Unexpended Outstanding Unencumbered
Expenditures Balance December 31, 1966 Balance
$ 483.65 $ 416.35 $ 416.35
41.50 158.50 158.50
399.51 600.49 600.49
173.50 826.50 826.50
$ 1,098.16 $ 2, 001.84 $ 2,001.84
$ 2, 236.45 $ 263.55 $ 263.55
$21,900.63 $ (400.63) $ (400.63)
548.65 (178.65) (178.65)
652.55 (302.55) (302.55)
16.00 34.00 34.00
832.07 (107.07) (107.07)
$23,949.90 $ (954.90) $ (954.90)
$33,415.31 $(5,415.31) $(5,415.31)
7,615.33 (1,265.33) (1, 265.33)
-- 13,652.97 6,347 .03 6,347.03
11,814.36 310.64 310.64
$66,497.97 $ (22.97) $ (22.97)
$17,720.97 $(3,520.97) $(3,520.97)
_ 3,316.23 (1,516.23) (1,516.23)
26,602.26 5,697.74 5,697.74
$47,639.46 $ 660.54 $ 660.54
$ 6, 780.73 $ 1, 219.27 $ 1, 219.27
3,032.07 (32.07) (32.07)
_ $ 9,812.80 $ 1, 187.20 $ 1, 187.20
— 14
CITY OF HOPKINS, MINNESOTA ---
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS —
For the year ending December 31, 1966
Authorizations —
Reserve for
Appropriations Encumbrances
(After Outstanding _
Revisions) Jan. 1, 1966 Total
PUBLIC WORKS (Continued)
Traffice Signs and Signals
Personal Services $ 4,000.00 $ 4,000.00
Contractual Services 4, 100.00 4, 100.00 —
Commodities 1,500.00 1,500.00
Capital Outlay 1 9,400.00 9,400.00
Total Sign and Signals _9,600.00 $ 9,400.00 $ 19, 000.00
Street Lighting
Personal Services $ 4,800.00 4,800.00
Contractual Services 25,800.00 25,800.00 —
Commodities 100.00 100.00
Total Street Lighting $30,700.00 $ 30,700.00
SANITATION AND WASTE REMOVAL
Tree and Weed Control
Personal Services $ 300.00 $ 300.00
Contractual Services 40.00 40.00
Commodities 125.00 125.00
Total Tree and Weed Control $ 465.00 $ 465.00
Street Cleaning
Personal Services $ 4,800.00 $ 4,800.00
Storm Sewers
Personal Services $ 4,000.00 $ 4,000.00
Capital Outlay 40, 000.00 $ 70,909.62 110,909.62
Total Storm Sewers $44,000.00 $ 70,909.62 $114,909.62 —
Refuse, Collection and Disposal
Personal Services $56,000.00 $ 56,000.00 —
Contractual Services 700.00 700.00
Commodities 3, 100.00 3, 100.00
Capital Outlay 18, 000.00 18,000.00 —
Total Refuse Collection and
Disposal $77,800.00 $ 77,800.00
15
CITY OF HOPKINS, MINNESOTA
Encumbrances
Unexpended Outstanding Unencumbered
Expenditures Balance December 31, 1966 Balance
$ 2,680.73 $ 1, 319.27 $ 1,319.27
_ 5,378.42 (1, 278.42) (1, 278.42)
3,632.32 (2, 132.32) (2, 132.32)
9,400.00 $ 9,400.00 -
$ 11,691.47 $ 7,308.53 $ 9,400.00 $(2,091.47)
$ 4, 188.68 $ 611.32 $ 611.32
26, 122.11 (322.11) (322.11)
30.18 69.82 — 69.82
$ 30,340.97 $ 359.03 $ 359.03
$ 739.25 $ (439.25) $ (439.25)
— 36.23 3.77 3.77
259.18 (134.18) — (134. 18)
$ 1,034.66 $ (569.66) — $ (569.66)
$ 3,382.78 $ 1,417.22 $ 1,417.22
$ 4, 213.36 $ (213.36) $ (213.36)
18,614.61 92, 295.01 $92,929.21 (634.20)
— 1_22J27.97 $92,081.65 V2,929.21 $ (847.56)
$ 59,360.50 $(3,360.50) $(3,360.50)
1, 193.58 (493.58) (493.58)
2,676. 11 423.89 423.89
16 992.00 1,008.00 1,008.00
$ 80, 222.19 $(2,422.19) $(2,422.19)
— 16
CITY OF HOPKINSy MINNESOTA —
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
For the year ending December 31, 1966
Authorizations —
Reserve for
Appropriations Encumbrances
(After Outstanding —
HEALTH AND WELFARE Revisions) Jan. 1, 1966 Total
Health
Personal Services $ 3,300.00 $ 3,300.00
Contractual Service 3,150.00 3, 150.00 —
Commodities
Total Health $ 6,450.00 $ 6,450.00
Welfare
Contractual Services $12,000.00 $12,000.00
Public Library —
Personal Services $26,500.00 $26,500.00
Contractual Services 1,050.00 1,050.00
Commodities 14,625.00 14,625.00 —
Other Charges 10, 000.00 10:000.00
Capital Outlay 600.00 600.00
Total Public Library $52,775.00 $52, 775.00 —
PARKS AND RECREATION
Administration —
Personal Services $18,000.00 $18,000.00
Contractual Services 1,900.00 1,900.00
Commodities 400.00 400.00 —
Other Charges 110.00 110.00
Total Administration $20,410.00 $20,410.00
General Activities
Personal Services $14,850.00 $14,850.00
Commodities 1, 250.00 1, 250.00
Other Charges 1,000.00 1,000.00 —
Total General Activities $17, 100.00 $17,100.00
Basketball
Personal Services $ 1,550.00 $ 1,550.00
Commodities 190.00 190.00
Other Charges 40.00 40.00 _
Total Basketball $ 1,780.00 $ 1, 780.00
17
CITY OF HOPKINS, MINNESOTA
Encumbrances
Unexpended Outstanding Unencumbered
Expenditures Balance December 31, 1966 Balance
$ 944.73 $ 2,355.27 $ 2,355.27
3, 229.56 (79.56) (79.56)
$ 4, 174.29 $ 2,275.71 $ 2,275.71
$10,098.08 $ 1,901.92 $ 1,901.92
$26,793.44 $ (293.44) $ (293.44)
989.40 60.60 60.60
14,695.37 (70.37) (70.37)
9,992.45 7.55 7.55
706.60 (106.60) (106.60)
$53, 177.26 $ (402.26) $ (402.26)
$17,662.13 $ 337.87 $ 337.87
1,635.72 264.28 264.28
709.79 (309.79) (309.79)
94.70 15.30 15.30
$20, 102.34 $ 307,66 $ 307.66
$17,915.77 $(3,065.77) $(3,065.77)
803.97 446.03 446.03
1,073.19 (73.19) (73.19)
$19,792.93 $(2,692.93) $(2,692.93)
$ 1,738.75 $ (188.75) $ (188.75)
189.78 .22 .22
35.00 5.00 5.00
$ 1,963.53 $ (183.53) $ (183.53)
18
CITY OF HOPKINS, MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
For the year ending December 31, 1966
Authorizations
Reserve for
Appropriations Encumbrances
(After Outstanding
Revisions) Jan. 1, 1966 Total
PARKS AND RECREATION (Continued)
Softball
Personal Services $ 1,920.00 _ $ 1,920.00
Contractual Services 470.00 470.00 --
Commodities 585.00 585.00
Other Charges 190.00 190.00
Total Softball $ 3, 165.00 $ 3, 165.00
Skating Rinks
Personal Services $ 3, 100.00 $ 3, 100.00
Contractual Services 750.00 750.00 -'
Commodities 100.00 100.00
Total Skating Rinks $ 3,950.00 $ 3,950.00
Beach
Personal Services $ 8,800.00 $ 8,800.00
Contractual Services 250.00 250.00
Commodities 500.00 500.00
Other Charges 3,000.00 3, 000.00
Total Beach $12,550.00 $12,550.00
Pool
Personal Services $ 7,900.00 $ 7,900.00
Commodities 100.00 100.00
Total Pool $ 8,000.00 $ 8,000.00
Football
Personal Services $ 280.00 $ 280.00
Contractcial Services 100.00 100.00
Commodities 40.00 40.00
Total Football $ 420.00 $ 420.00
Parks
Personal Services $21,440.00 $21,440.00
Contractual Services 2,700.00 2,700.00
Commodities 5,300.00 5,300.00
Capital Outlay 20,000.00 $ 225.00 20, 225.00
Total Parks $49,440.00 $ 225.00 $49,665.00
19
CITY OF HOPKINS, MINNESOTA
Encumbrances
Unexpended Outstanding Unencumbered
Expenditures Balance December 31, 1966 Balance
$ 1,870.50 $ 49.50 $ 49.50
189.05 280.95 280.95
569.00 16.00 16.00
189.00 1.00 1.00
L2,817.55 $ 347.45 $ 347.45
$ 2,975.63 $ 124.37 $ 124.37
434.06 315.94 315.94
8.65 31.35 91.35
$ 3,418.34 $ 531.66 $ 531.66
$ 9,048.67 $ (248.67) $ (248.67)
132.72 117.28 117.28
- 382.92 117.08 117.08
2,844.00 156.00 156.00
$12,408.31 $ 141.69 $ 141.69
$10,331.59 $(2,431.59) $(2,431.59)
8.38 91.62 91.62
$10,339.97 $(2,339.97) $(2,339.97)
- $ 469.50 $ (189.50) $ (189.50)
229. 19 (129. 19) (129.19)
40.00
$ 738.69 $ (318.69) $ (318.69)
$21,468.58 $ (28.58) $ (28.58)
- 2,768.71 (68.71) (68.71)
5, 207.34 92.66 92.66
19,995.37 229.63 $ 225.00 4.63
- $49,440.00 $ 225.00 $ 225.00 $
- 20
CITY OF HOPKINS, MINNESOTA —
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
For the year ending December 31, 1966 —
Authorizations —
Reserve for
Appropriations Encumbrances Total
(After Outstanding —
Revisions) Jan. 1, 1966
UNALLOCATED EXPENSE
Retirement
Public Employees Retirement Fund $ 28,000.00 $ 28,000.00
Insurance $ 20,500.00 $ 20,500.00
Rental Properties $ 925.00 $ 925.00
Available for Appropriation
Contractual Services $ 1, 150.00 $ 1, 150.00
Other Charges 4,500.00 4,500.00 —
Capital Outlay 4,000.00 4,000.00
Total Available for Appropriation 9,650.00 $ 9,650.00
Capital Outlay $ 9, 264.00 $ 9, 264.00 —
Hennepin County Parks $ 1,706.00 $ 1,706.00
Urban Renewal
Personal Services $ 2,500.00 $ 2,500.00
Contractual Services 1,400.00 1,400.00
Commodities 100.00 100.00
Total Urban Renewal $ 4, 000.00 $ 4,000.00
Total 1918, 215.00 $116,879.62 $1,035,094.62 —
21 —
CITY OF HOPKINS, MINNESOTA
Encumbrances
Balance Outstanding Unencumbered
Expenditures Unexpended December 31, 1966 Balance
$ 26,424.00 $ 1,576.00 $ 1,576.00
$ 16,678.36 $ 3,821.64 $ 3,821.64
$ 868.12 $ 56.88 $ 56.88
$ 2,081.86 $ (931.86) $ (931.86)
5,052.55 (552.55) (552.55)
-" 4, 238.41 (238.41) (238.41)
$ 11,372.82 $ (1,722.82) $(1,722.82)
— $ 9,264.00
$ 1,705.50 $ .50 $ .50
$ 2,342.42 $ 157.58 $ 157.58
1,671.24 (271.24) (271.24)
152.56 (52.56) (52.56)
$ 4, 166.22 $ (166.22) $ (166.22)
$903,617.36 $131,477. 26 $135,805.21 $(4,327.95)
22
CITY OF HOPI:INS, MINNESOTA
STATE AID STREET CONSTRUCTION FUND
ANALYSIS OF CHANGE IN RESERVES
For the year ending December 31, 1966
Balance January 1, 1966 $241,087.54
1966 Allotment from the State of Minnesota 65, 112.00
Balance December 31, 1966 $306, 199.54
23
CITY OF HOPKINS, MINNESOTA
PERMANENT IMPROVEMENT
REVOLVING FUND
CITY OF HOPKINS, MINNESOTA
PERMANENT IMPROVEMENT REVOLVING FUND
BALANCE SHEET
December 31, 1966
ASSETS
Treasurer's Cash $(226,380.43)
To Be Assessed 218, 184.95
To Be Provided for Land 25,675.00
Special Assessments Receivable:
Deferred 1, 106,994.74
Delinquent 8,309.27
Due from Gcncral Fund 8,099. 10
To Be Provided for Authorized Construction 377,647.90
Total Assets $1,518,530.53
LIABILITIES, RESERVE AND SURPLUS
Liabilities
Contracts Payable $ 27, 142.41
Due to Bond Retirement Fund 396,935.00
Total Liabilities 424,077.41
Reserves
Delinquent Assessments Receivable $8,309.27
Less unremitted from County at 12-31-66 344.93 7,464.29
Unexpended Authorizations 56,401.40
Total Reserves 63,865.69
Surplus
Fund Principal $ 830,000.00
Unappropriated Surplus 200,587.43
Total Surplus 1,030,587.43
Total Liabilities, Reserve and Surplus $1,518,530.53
24
CITY OF HOPKINS, MINNESOTA
PEflMANENT IMPROVEMENT REVOLVING FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SU:PLUS
For the year ending December 31, 1966
Balance January 1, 1966 $105,463.33
Additions
Interest Income $ 5,C15.79
Delinquent Assessments Collected
during 1966 1.51.75
Interest on Accounts Assessed
during 1966 106, 142.76
Delinquent Assessments Unremitted
from the County at 12-31-66 014.90
Miscellaneous receipts 26.24
Total Additions 113,201.52
210,744.35
Deductions:
Interest loss on prepaid assessments $ 12,509.52
— Transferred to Reserve for Delinquent
Assessments Receivable 1966 5,647.90
Total Deductions 18, 157.42
Balance December 31, 1966 $200,507.43
25
CITY OF HOPKINS, MINNESOTA
PERMANENT IMPROVEMENT REVOLVING FUND
STATEMENT OF APPROPRIATIONS, EXPENDITURES AND AMOUNTS ASSESSED
For the year ending December 31, 1966 —
Expenditures
Appropria-
tions Current Year
Dec.31,1966 Prior Years Construction Overhead Total
Sewer Construction $ 2,507.00 Y 52,495.81 $ 2,942.88 $ 684.45 $56,123.14 —
Street 6,556.00 54,397. 12 22,393.03 1,705.34 78,495.49
Street Surfacing 288,307.62 16, 112.42 297,478.43 13, 123.75 326,714.65
Alley Construction 35, 199.46 10,468.27 22,248.27 2,532.53 35,249.07
Curb, Gutters, and
Driveways 47,676.C7 4,269.05 54,697. 11 8, 190.69 67, 156.85 —
Storm Sewers - 2,312.46 - (49.06) 2,263.40
Utility Connections 2,056.89 - 8,490.60 529.78 9,020.38
Water Mains 345.00 26,651.67 871.28 839. 12 28,362.07
Retaining Wall - - 1,530.40 229.56 1,759.96
Street Lights 9,516.00 - 625.35 93.80 719.15 —
Parking Lots 15,464.00 - 4,496.79 670.56 5, 167.35
$407,628.34 $ 166,706.80 $415,774. 19 $28,550.5: 611,031.51
Includesunallocated expenditures for construction in the amount of
$68,919.34. The expenditures will be allocated to the proper construction
classification when fully completed.
26
CITY OF HOPKINS, MINNESOTA
_ Payment in Assessed Unexpended
Lieu of This Balance
Assessment Year Dec, 31, 1966
$ $ 53,961.60 $ 345.46
4,545.37 *(67,394. 12)
2,323.30 86,026.89 49,943.16
6,224.76 26,910.86 33,086.01
1,449.05 41,239.70 23,208.77
735.91 1,527.49 -
3,170.24 4,061.54 ,268.29
27,627.36 (389.71)
(1,759.96)
8,796.85
10,296.65
$ 13,903.26 $245,900.81 $56,401.40
27
CITY OF HOPI_INS, MINNESOTA
PERMANENT IMPROVEMENT REVOLVING FUND
STATEMENT OF CHANGES IN ASSESSMENTS RECEIVABLE
For the year ending December 31, 1965
Balance January 1, 1966 $ 940, 192.90
Additions
Assessed This Year
Construction $245,900.01
Interest 106, 142.76 352,043.57
Total Additions 1,292,236.47
_ Deductions
Current Year Receivable
Remitted From Hennepin County $125,326.37
To Delinquent Assessments
Receivable 1966 5,647.90 $131,474.27
Prepayment
Principal 41,257.94
Interest 12,509.52 53,767.46
Total Deductions 105,241.73
Balance December 31, 1966 $1, 106,994.74
28
CITY OF HOPKINS, MINNESOTA
SPECIAL ASSESSMENT
FUND
CITY OF HOPKINS, MINNESOTA
SPECIAL ASSESSMENT FUND
BALANCE SHEET
December 31, 1966
ASSETS
Cash
Treasurer's Cash $ 7,592.75
Deposited with Fiscal Agents 4, 286.00
Special Assessments Receivable
Deferred 60,341.41
Delinquent 1,024.94
Total Assets $73, 245.10
LIABILITIES, RESERVES, AND SURPLUS
Liabilities
Matured Bonds and Interest Payable $ 4, 286.00
Interest Payable 2, 160.00
Bonds Payable 17,000.00
Total Liabilities $23,446.00
Reserves
Delinquent Assessments Receivable $1,024.94
Less: Unremitted from County to
December 31, 1966 274.31 750.63
Unappropriated Surplus 49,048.47
Total Liabilities, Reserves, and Surplus $73, 245.10
29
CITY OF HOPKINS, MINNESOTA
SPECIAL ASSESSMENT FUND
ANALYSIS OF CHANGE IN UNAPPROPRIATED SURPLUS
For the year ending December 31, 1966
Balance January 1, 1966 $49,316.41
Additions
Delinquent assessments paid $ 287.37
Delinquent assessments unremitted from the
County at December 31, 1966 774.31
Receipts from tax sale 230.88
Total Additions 792.56
$50, 108.97
_ Deductions
Fiscal agent charges $ 12.50
Interest loss on prepaid special assessments 471.20
Transferred to reserve for delinquent assessments
receivable — 1966 576.80
Total Deductions 1,060.50
Balance December 31, 1966 $49,048.47
SPECIAL ASSESSMENT FUND
ANALYSIS OF CH1 GES IN ASSESSMENTS RECEIVABLE
For the year ending December 31, 1966
Balance January 1, 1966 $75, 033.57
Deductions
Prepaid assessments $ 2,315.40
Interest on prepaid assessments 471.20
Remitted from County 11, 328.76
To delinquent assessments receivable s 1,66 576.80
Total Deductions 14,692.16
Balance December 31, 1966 $60,341.41
30
CITY OF HOPKINS, MINNESOTA
SPECIAL ASSESSMENT FUND
ANALYSIS OF CHANGES IN BONDS AND INTEREST PAYABLE
For the year ending December 31, 1966
Bonds Payable
Balance January 1, 1966 $20,000.00
Remitted to Fiscal Agents 3,000.00
Balance December 31, 1966 $17,000.00
Interest Payable
Balance January 1, 1966 $ 2, 732.00
Remitted to Fiscal Agents 572.00
Balance December 31, 1966 $ 2, 160.00
31
CITY OF HOPKINS, MINNESOTA
BOND RETIREMENT FUND
CITY OF HOPKINS, MINNESOTA
BOND RETIREMENT FUND
BALANCE SHEET
December 31, 1966
ASSETS
_ Cash
Treasurer's Cash $ (919.52)
Deposited with Fiscal Agents 39,360.50
Temporary Investmen;:s 70,000.00
Taxes Receivable
Deferred 57,800.00
Delinquent 2, 174. 10
_ Due From Other Funds 423,420.20
Accrued Interest receivable 1,683.33
— Total Assets $593,518.31
LIABILITIES, RESERVES, AND SURPLUS
— Liailities
Matured Bonds and Interest Payable $ 39,360.50
Interest Payable 66,849.00
Bonds Payable 419,000.00
Total Liabilities 525,209.50
— Reserves
Retirement of Bonds and Interest $ 9,010.00
Uncollectible Taxes 3, 120.00
Amounts Due from the Sewer Utility Fund 1,261.20
Deposit from the Sewer Utility Fund 6,080.60
Delinquent Taxes Receivable 1,942.60
Total Reserves 21,422.48
Unappropriated Surplus 46 C36.33
Total Liabilities, Reserves, and Surplus $593,518.31
— _;2
CITY OF HOPKINS, MINNESOTA
BOND RETIREMENT FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
For the year ending December 31, 1966
Balance January 1, 1966 $41,804.52
Additions
Interest on investments $2,441.69
Delinquent tax collections during 1966 171.26
Reserve for uncollectible taxes
no longer required 2,980.00
'- Delinquent taxes unremitted from
the County at 12-31-66 231.42
Total Additions 5,824.37
47,628.89
Deductions
Fiscal agent charges $ 136.35
Transferred to Reserve for Delinquent
taxes Receivable - 1966 606.21
Total Deductions 742.56
Balance, December 31, 1966 $46,886.33
33
CITY OF HOPKINS, MINNESOTA
BOND RETIREMENT FUND
ANALYSIS OF CHANGES IN RESERVES
For the year ending December 31, 1966
Uncollectible Taxes
Balance January 1, 1966 $ 6,100.00
Reserves No Longer Required:
P.I.R. 12-1-55 $1,350. 00
P.I.R. 6-1-57 1,630.00
2,980.00
Balance December 31, 1966 $ 3,120.00
Amounts Due from the Sewer
Utility Fund _
Balance January 1, 1966 $ 1,922.40
Reserve no longer required 661.20
Balance December 31, 1966 $ 1,261.20
Deposits from the Sewer
Utility Fund
Balance January 1, 1966 $ 5,427.40
1966 Payments 661.20
Balance December 31, 1966 $ 6,088.60
Delinquent Taxes Receivable
Balance January 1, 1966 $ 1,979.93
Addition - 1966 delinquent taxes 606.21
2,586.14
Deductions
Collected in 1965 $ 171.26
Unremitted by County at 12-31-66 231.42
Write off 1960-61 receivable 240.7C
Total Deductions 643.46
Balance December 31, 1966 $ 1,942.68
31:.
CITY OF HOPI,_INS, MINNESOTA
BOND RETIREMENT FUND
ANALYSIS OF CHANGES IN DEFERRED TAXES RECEIVABLE
For the year ending December 31, 1966
Balance January 1, 1966 $ 109,400.00
Deductions
Remitted from the County $ 50,993.79
To Delinquent Taxes Receivable-1966 606.21
Total Deductions 51,600.00
Balance December 31, 1966 $ 57,800.00
BOND RETIREMENT FUND
ANALYSIS OF CHANGES IN BONDS AND INTEREST PAYABLE
For the year ending December 31, 1966
Bonds Payable
Balance January 1, 1966 $511,000.00
Payments to Fiscal Agents 92 000.00
Balance December 31, 1966 $419,000.00
Interest Payable
Balance January 1, 1966 $ 81,658.00
Payments to Fiscal Agents 14,809.00
Balance December 31, 1966 $ 66,849.00
35
CITY OF HOPKINS, MINNESOTA
BOND RETIREMENT FUND
STATEMENT OF BONDS AND INTEREST PAYABLE, REQUIRED RESERVES
For the year ending December 31, 1966
Issue P.I.R. Sewerage P.I.R.
6-1-57 9-1-58 4-1-64 Totals
Funds to be Provided for:
Bonds Payable $60,000.00 $24,000.00 $335,000.00 $419,000.00
Interest Payable 3,690.00 1,224.00 61,935.00 66,049.00
Required Reserves
Uncollectible Taxes
1967 1,550.00 1,550.00
1968 1,570.00 1,570.00
Amounts Due from Sewer Utility Fund
1967 640.00 640.00
1968 620.40 620.40
_ Total Funds To Be
Provided $661010.00 $26,405.20 $396,935.00 $490,230.20
Funds to be Provided By:
Deferred Taxes Receivable
1967 $23,600.00 $23,600.00
1963 22,800.00 22,000.00
1969 11,400.00 11,400.00
Due from Other Funds
Permanent Improvement
Revolving Fund (Note 1) $396,935.00 396,935.00
Sewer Utility Fund (Note 1) $26,485.20 26,405.20
Reserve for Retirement of Bonds
and Interest 9,01.0.00 9.010.00
Total Amount to Be
ro;ided ;35,010.00 $26,405.20 $396,935.00 $490,230.20
Note 1: Payments to be made as needed for the retirement of Bonds and
Interest
35
CITY OF HOPKINS, MINNESOTA
TRUST AND AGENCY FUNDS
_ CITY OF HOPKINS, MINNESOTA
TRUST AND AGENCY FUNDS
BALANCE SHEET
DECEMBER 31, 1966
Assets Escrow
Treasurer' s Cash $1,801.02
Reserves
Mountain Memorial $ 234.97
Lot Deposit 750.00
Police Employees 50.00
Vets Club - Basketball Jerseys 300.00
Recreation Banquet 8.18
_ Recreation - Hockey 100.00
Driveway Repair 110.87
Zamboni Ice Machine Rental 237.00
Kenneth Johnson 10.00
Total Reserves ala�- ?-
ESCROW FUNDS
STATEMENT OF RECEIPTS AND EXPENDITURES
For the Year Ending December 31, 1966
Balance - January 1, 1966 $1,249.04
Receipts:
V.F.W. Post #425 $300.00
Recreation Banquet 871.40
Driveway Repair 110.87
Zamboni Ice Machine Rental 237 .00
Kenneth Johnson 10.00
Pistol Range 378.93
Total Receipts 1,908.20
$3, 157.24
Expenditures:
Contractual Services (Banquets) $867.62
Capital Outlay (Pistol Range) 488.60
Total Expenditures 1,356.22
Balance - December 31, 1966 $1, 801.02
37
CITY OF HOPKINS, MINNESOTA
WATER UTILITY FUND
CITY OF HOPKIN, MINNESOTA
WATER UTILITY FUND
BALANCE SHEET
DECEMBER 31, 1966
ASSETS
Cash $ 24,877.25
Treasurers Cash
Deposited with Fiscal Agents 4, 137.50
Change Fund 100.00
Temporary Investments 160,000.00
Accounts Receivable - Current 8,450.99
Accrued Interest Receivable 5, 133.33
Inventories 6,998.18
Fixed Assets
Land $ 5,355.20
Wells, Tanks, Mains 1,610, 250.57
Meters 16,593.05
Equipment 18,842.91
Total Cost $1,651,041.73
Less: Accumulated Depreciation 344,603.67
Total Fixed Assets $1,306,438.06
Total Assets $1,516, 135.31
LIABILITIES, RESERVES, AND SURPLUS
Liabilities
Accounts payable $ 3,083.76
Matured Bonds and Interest Payable 4, 137.50
Bonds Payable 221,000.00
Interest Payable 42,555.50
Total Liabilities $ 270,776.76
Reserves
Deposits $ 130.00
Change Fund 100.00
Inventory 6,998.18
Total Reserves $ 7, 228.18
Surplus
Customer Contributions & Investment in Fixed Assets $1, 042,782.56
Current Surplus 195,347.81
Total Surplus $1, 238, 130.37
Total Liabilities, Reserves, and Surplus $1,516, 135.31
38
CITY OF HOPKINS, MINNESOTA
WATER UTILITY FUND
ANALYSIS OF CHANGE IN SURPLUS
For the year ending December 31, 1966
Current Surplus
Balance - January 1, 1966 $ 174,235.87
Additions:
Net Income - Page 40 $46,834.45
Depreciation charge to Investment in
Fixed Assets 34,377.89
81, 212.34
$ 255,448.21
Deductions:
Fixed assets from Current Years Revenue Recorded
in Investment in Fixed Assets $28,445.16
Revenue Bonds Retired Recorded in Investment in
Fixed Assets 30,649.00
Inventory Adjustment 1,006.24
60, 100.40
Balance - December 31, 1966 $ 195,347.81
Customer Contributions and Investment in Fixed Assets
Balance ® January 1, 1966 $ 986,377.39
Additions:
Acquistion of Fixed Assets Through
Year's Revenue $28,445.16
Utilities Investment in Fixed Assets By
Bond Retirement 30,649.00
Customer Contributions Through Special Assessment31,688.90
Total Additions 90,783.06
$1,077, 160.45
Deductions:
Allowance for Depreciation Charged This Year 34,377.89
Balance d December 31, 1966 $1,042,782.56
39
CITY OF HOPKINS, MINNESOTA
WATER UTILITY FUND
STATEMENT OF INCOME AND EXPENSE
For the year ending December 31, 1966
Operating Revenue
Water Sales $173,441.50
Less: Transfer to Sewer Fund 26,016.23 $147,425.27
Customer Services 1,367.85
Total Operating Revenues $148,793. 12
Less:
Operating Expenses
Administration and General
Personal Services $ 6, 201.66
— Contractual Services 2,918.00
Commodities 814.78
Other Charges 3,895.53
— Transfers 17,500.00 $ 31,329.97
Pumps and Wells
Personal Services $ 6,296.65
— Contractual Services 15,691.00
Commodities 2,410.14 24,397 .79
Distribution System
Personal Services $ 16,047.01
Contractual Services 3,550.35 19,597.36
Total Operating Expenses $ 75,325.12
Depreciation 34, 377.89
Total Operating Revenue Deductions 109,703.01
Operating Income $ 39,090.11
Add:
Non .Operating Income
Income from Investments 7,744.34
Net Income - Page 39 $ 46,834.45
40
CITY OF HOPKINS, MINNESOTA
WATER UTILITY FUND
SUMMARY STATEMENT OF FIXED ASSETS AND ACCUMULATED DEPRECIATION
For the year ending December 31, 1966
FIXED ASSETS
Balance Balance
Jan. 1, 1966 Additions Deductions Dec. 31, 66
Land $ 5,355.20 $ 5,355.20
Wells, Tanks, Mains 1,552,864.65 $57,385.92 1,610,250.57
Meters 14,710.33 1,882.72 16,593.05
Equipment 17, 977.49 865.42 18,842.91
$1,590,907.67 $60, 134.06 $1,651,041.73
ACCUMULATED DEPRECIATION
Wells, Tanks, Mains $ 295,610.05 $31,631.15 $ 327, 241.20
Meters 6,020.03 1,565.16 7,585. 19
Equipment 8,595.70 1, 181.58 9,777.28
— $ 310, 225.78 $34,377.89 $ 344,603.67
41
CITY OF HOPKINS, MINNESOTA
SEWER UTILITY FUND
CITY OF HOPKINS, MINNESOTA
SEWER UTILITY FUND
BALANCE SHEET
DECEMBER 31, 1966
ASSETS
Current Assets
Cash
Treasurers Cash $ 79,004.47
Deposited With The Bond Retirement Fund 6,088.60
Accounts Receivable - Current 5,448.08
Fixed Assets
Pumps and Mains $1,587,704.03
Equipment 27,715.69
Total Cost $1,615,419.72
Less: Accumulated Depreciation 399, 164.83
Total Fixed Assets 1, 216,254.89
Total Assets $1, 306,796.04
LIABILITIES, RESERVES, AND SURPLUS
Current Liabilities
Accounts Payable $ 9,610.62
Due to the Bond Retirement Fund 26,485.20
Total Liabilities $ 36,095.82
Surplus
Customer Contributions and Investment in Fixed Assets $1, 189,769.69
Current Surplus 80,930.53
Total Surplus $1, 270,700.22
Total Liabilities, Reserves, and Surplus $1,306,796.04
42
CITY OF HOPKINS, MINNESOTA
SEWER UTILITY FUND
ANALYSIS OF CHANGE IN SURPLUS
For the year ending December 31, 1966
Current Surplus
Balance - January 1, 1966 $ 65, 214.10
Additions
Net Income - Page 44 $16,312.55
Depreciation Charge to Investment in
-- Fixed Assets 42,057.24 58,369.79
$ 123,583.89
Deductions
Fixed Assets from Current Years Revenue
Recorded in Investment in Fixed Assets $29, 148.51
Utilities Equity Invested in Fixed Assets by:
Transfer to Bond Retirement Fund 13,224.00
Decrease in Inventory 280.85 42,653.36
Balance - December 31, 1966 $ 80,930.53
Customer Contributions and Investment in Fixed Assets
Balance - January 1, 1966 $1, 136,046.62
Additions:
Acquisition of Fixed Assets Through Current
Years Revenue $29, 148.51
Utilities Equity Invested in Fixed Assets By:
Transfer to Bond Retirement Fund 13,885.20
Customers Contributions Through Special
Assessments 52,746.60
Total Additions 95,780.31
$1, 231,826.93
Deductions:
Allowance for Depreciation Charged This Year 42,057.24
Balance - December 31, 1966 $1, 189,769.69
CITY OF HOPKINS, MINNESOTA
SEWER UTILITY FUND
STATEMENT OF INCOME AND EXPENSE
For the year ending December 31, 1966
Operating Revenues
Customer Service Charges $97,862.34
Water Utility Fund Transfer 26,016.23
Connection Charges 1,542.00
Miscellaneous Revenue 450.00
Total Operating Revenues $125,870.57
Less:
Operating Expenses
Administration and General
Personal Services $ 5, 117.58
Contractual Services 2, 621.93
Commodities 546.22
Other Charges 2,760.74
Transfers 16,500.00 $27,546.47
Lift Stations
Personal Services $10,890.54
Contractual Services 7,396.17
Commodities 1,888.87 20, 175.58
Mains and Disposal
Personal Services $ 2,581.13
Contractual Services 18,538.28
Commodities 939.94 22,059.35
Total Operating Expenses $69,781.40
Depreciation 42,057.24
Total Operating Revenue Deductions 111,838.64
Operating Income $ 14,031.93
Add:
Non Operating Revenue o Income from Investments 2, 280.62
Net Income (To Page 43) $ 16,312.55
44
CITY OF HOPKINS, MINNESOTA
SEWER UTILITY FUND
SUMMARY STATEMENT OF FIXED ASSETS AND
ACCUMULATED DEPRECIATION
For the year ending December 31, 1966
Fixed Assets
Balance Balance
Jan. 1, 1966 Additions Deductions Dec. 31, 1966
Pumps and Mains $1,506,074.32 $81,629.71 $1,587,704.03
Equipment 27,450.29 265.40 27,715.69
$1,533,524.61 $81,655.11 _ $1,615,419.72
Accumulated Depreciation
Pumps and Mains $ 346,930.51 $39,692.61 $ 386,623.12
Equipment 10, 177.08 2,364.63 12,541.71
$ 357, 107.59 $42, 057.24 $ 399, 164.83
45
H fJ rCr) fil H.J0 H C)
__ O ro 1-40000 0 CD
rt 0 C- p Co o' p rr tri 0 Ln r p
W Pt h H. F'• H N W an rt rr tv (D
H N m rt p H. il H H p ri p K
A) ri 0 (D C) W O I-6 CD C 0
rri rt r• rt CD H 9 H rt "U 11 C) H
r• H. CD r• N Cn m p CO N 5 rt
O c) O W P) C) Co C CO H (D H hi
N t h O CD (D CD p c ri H.
I. C9 rD C rr o rt C) rr 7i (D �S
a P, c� t< n c' 0 0 o co a
2,
tD ri coCn rt. ,_J. Da 5 CO—
rt. rr K p p H CD CO
co co (D (D rr p (D
;C1 rt
rt w fti r m CO
ro
— 0 N p. G.
C
0
H
17
-vr �p- 1-4 -yr -C'> -C-f). 0
N O Cn z› ^ N h co
V V ft r3 v V V H
N La Lo La H CO 9 NN Ln W 01 v rt ,'D
Ni �INHV HOH rt H N N coLJI.nCD 0' t-]
— N V0 CD v0 Ln C D O O �' N) N) HOW N [zJ C)
N V u UUOU rt. (D V V N •. V V Fz' H
H ^ o' -3 (,) 0 11H H 'OON Vr '-C CTi H
Cm LnCDtorLnOH �C ! Cm 0' LoCLiON (D 2 I.<N ^ COOCD Ors W r Ni N 'o Ln Lo LO W H O
• • • • • •
HN 00 COQ ti Q tiO 0 H .^• OH C) 1=1
O O1 L.+.) Ln V O v0 hJ O O v 01 Co v0 C Imi
II a td 0 a0 o
v G H iN H H N a Kti [-xi
ON W Ln Ln N ¢) Gy -, > 2
O 0
vVOvVICI CI C) r
' > ' Cu. O t-] C
ON 0 N) W N..0 C) H ti (D Pri
W U-i N C CO (D 0 H H H
• • 5 2 'w G w
Ei
tiO O' N V (D O II C:1 tri
ri Cn
yy Laves O
LJ to H C/) H
-Cl? H Cl) v co >
C In V t=i t=i
— Ln Ln H ON Cn P-3 H H
L+.) C' CO VO CO rt H Cn v0 Cn
✓ V V V V /^i vD CN
N W In ^ O 1/40 G ON ON
Ln O1 0 0 0 do n Cm
Ln HOOD Lart
• G
— O W 0 0 0 .4 11
CO La 0 0 0 Ln (D
co
-C'> -cn-
ND H H
Lo Lo lO
— L) H W ••`I t{
O CD -
✓ V v O 0
C) W O 01 (b rt
o O N CD ri O'
Ln O ^ O (D CD
• • p K
in r•
rt
o• v '.O O Co
-ca <n
to N H
W V N ^ H i--. ,t, tTi
— t-, N V CD ON Co CD,a
✓ N V V V Y V G
V0 CD v0 N La L.) N r•
La) C.: CO 0 0 Ln O'Ci
C' CO Lo o o tiJ
• • • CP
H Q▪D N N CD CO N p
— v Ota 4 000rt
46
CITY OF HOPKINS, MINNESOTA
COMBINED SECTION
CITY OF HOPKINS, MINNESOTA
COMBINED BALANCE SHEET - ALL FUNDS
December 31, 1966
General Per:nanent
and Special L,proveL.ent Special
Total Revenue Revolving Assessments
Treasurer's Cash $ (26,733.70) $ 87,291.06 $ (226,380.43) $ 7,592.75
Imprest Cash 305.00 205.00
Cash with Fiscal Agents 47,784.00 4,286.00
Deposits with Other Funds 6,080.60
Te*porary Invest".ents 610,000.00 380,000.00
Accounts Receivable 24,030.19 10,131. 12
Taxes Receivable
Deferred 57,800.00
Delinquent 24,351.58 22, 177.48 —
Special Assess:_:ents
Receivable
Deferred 1,167,336. 15 1,106,994.74 60,341.41 —
Delinquent 9,334.21 0,309.27 1,024.94
Accrued Interest Receivable 14,412.18 7,595.52
Due Frou Other Funds 431,519.30 0,099.10
Funds on Deposit With
The State 27,392.91 27,392.91
Inventories 17,939.55 10,941.37
Authorized Construction to —
Be Assessed 218, 184.95 218,184.95
Amounts to be Provided
For Construction Costs 377,667.90 377,647.90 —
Amounts to be Provided for
Debt Retire :ent 122,164.10 122, 164. 18
Amounts to be Provided
For Land 25,675.00 25,675.00
Prepaid Expenditures 1,571.71 1,571.71
Fixed Assets (Net) 6,744,855.85
Total Assets $ 9,901,659.56 $669,470.35 $1,513,530.53 $73,245. 10
47
Bond Trust and Water Sewer General
Retirement Agency Utility Utility Fixed Assets
$ (919.82) $ 1,801.02 $24,877.25 $79,004.47 $
100.00
39,360.50 4, 137.50
70 000.00 6,088.60
160,000.00
8,450.99 5,448.03
57,800.00
2,174. 10
1,683.33 5,133.33
423,420.20
6,993. 15
1,306,438.06 1,216,254.89 4,222, 162.90
$ 593,518.31 $ 1,801.02 $ 1,516,135.31 $ 1,306,796.04 S4,222,162.90
48
CITY OF HOPKINS, MINNESOTA
COMBINED BALANCE SHEET - ALL FUNDS
December 31, 1966 —
General Permanent
Liabilities, Reserves, and Special Improvement Special
and Surplus Total Revenue Revolving Assessment
Liabilities:
Accounts Payable $ 68,871.44 $ 29,034.65 $ 27, 142.41 $
Matured Bonds and Int. Payable 47,784.00 4,286.00 —
Due to Other Funds 431,519.30 3,099. 10 396,935.00
Due on Contracts for Deed 94,010.90 94,010.90
Interest Payable 111,564.50 2, 160.00
Bonds Payable 657,000.00 17,000.00
Total Liabilities :7 1,410,750.14 131,144.65 $ 424,077.41 $ 23,446.00
Reserves:
Encumbrances 135,805.21 $ 135,305.21 $
Prepaid Revenues 31,734.03 31,734.03
Imprest Cash 305.00 205.00
Inventories 17,939.55 10,941.37
Uncollectables 3,370.00 750.00 —
Delinquent Taxes Receivable 20,339.93 13,897.25
Delinquent Assessments
Receivable 3,214.92 7,464.29 750.63
Funds on Deposit with
The State 27,392.91 27,392.91
Unexpended Appropriations 335,200.03 273,306.63 56,401.40
Retirement of Bonds and —
Interest 9,010.00
Due from Other Funds 1,261.20
Funds in Trust 8,019.62 —
Total Reserves $ 599,600.40 $504,532,40 $ 63.365.69 $ 750.63
Surplus:
Fund Principal $ 830,000.00 $ 330,000.00
Investment in Fixed Assets 6,454,715.15
Current Surplus 276,278.34
Unappropriated Surplus 330,315.53 33,793.30 200,537.43 49,048.47
Total Surplus $ 7,391,309.02 $ 3:3,793.30 $1,030,587.43 $ 49.048.47 —
Total Liabilities, Reserves
and Surplus $ 9,901,659.56 $569,470.35 $ 1,518,530.53 $73,245. 10
Bond Trust and Water Sewer General
Retirement Agency Utility Utility Fixed Assets
.$ $ 3,033.76 $ 9,610.62
39,360.50 4, 137.50
26,435.20
66,849.00 42,555.50
419,000.00 221,000.00
$525,209.50 $ 270,776.76 $ 36,095.82
$ 100.00
6,990.18
3, 120.00
— 1,942.68
9,010.00
1,261.20
6,088.60 1,301.02 130.00
$ 21,422.48 $ 1,801.02 $ 7,220. 10
1,042,732.56 1, 139,769.69 4,222, 162.90
195,347.31 80,930.53
46,836.33
$ 46,886.33 $ $ 1,238, 130.37 $ 1,270,700.22 $ 4,222162.90
$ 593,518.31 $ 1,801.02 $ 1,516,135.31 $1,306,796.04 $ 4,222, 162.90
50
CITY OF HOPKINS, MINNESOTA
_
STATEMENT OF INVESTMENTS BY FUNDS
For the year ending December 31, 1966
Cost Plus
Accrued
Fund Discounts
General Fund $330,000.00
Bond Retirement Fund 70,000.00
Water Utility Fund 160,000.00
Total All Funds $610,000.00
CITY OF HOPKINS, MINNESOTA
STATEMENT OF CHANGES IN BONDS AND INTEREST PAYABLE
ALL FUNDS
For the year ending December 31, 1966
— Balance Balance
Description Jan. 1, 1966. Issued Retired Dec. 31, 1966
Bonds Payable
Special Assessment $ 20,000.00 $ 3,000.00 $ 17,000.00
General Bonds 511,000.00 92,000.00 419,000.00
Water Revenue 243,000.00 22,000.00 221, 000.00
Totals $774,000.00 00® $117,000.00 $657,000.00
Interest Payable
Special Assessment $ 2,732.00 $ 572.00 $ 2, 160.00
General Bonds 81,658.00 14,809.00 66,849.00
Water Revenue 51, 204.50 _ 8,649.00 42,555.50
Totals $135,594.50 -0m $ 24,030.00 $111,654.50
;2
CITY OF HOPIINS, MINNESOTA
STATEMENT OF BANK BALANCE AND SECURITY FOR DEPOSITS
DECEMBER 31, 1966
First National Bank of Hopkins, Minnesota
Balance on Deposit (1) $ 210,780.47
Security Deposits
U. S. Treasury Bonds 4.25% due 5 - 15 - 74 200,000.00
Pittsburgh, Pennsylvania Municipal Bonds due 12-1-78 40,000,00
Cook, Illinois School Bonds due 12-1-78 20,000.00
Deerfield, Illinois School Bonds due 12-1-7 20,000.00
Prince, Georgia, Maryland County Bonds due 3-1-77 20,000.00
Federal Deposit Insurance Corporation 15 000.00
Total Security for Deposit $ 315,000.00
Northwestern National Dank of Hopkins, Minnesota
Balance on deposit (1) $253,021,75
Security for Deposits
U. S. Treasury Bonds 47 due 8-15-72 $100,000.00
Federal Deposit Insurance Corporation 30,000.00
Total Security for Deposit $130,000.00
(1) Includes certificates of deposit
(2) The City requested and received an additional $100,000.00 of
security January 4, 1967.
53
CITY OF HOPKINS _
MINNESOTA
BONDS AND INTEREST PAYABLE-ALL FUNDS
DECEMBER 31, 1966
Bond Retirement(G.O. Bond) Fund
Year of Sewer
Description Maturity Improvement Revolving Fund. Revenue
Date of Issue 6-1-57 4-1-64 9-1-58
Date of Maturity 6-1 4-1 9-1
Bonds Authorized & Issued 200,000.00 400,000.00 125,000.00
Interest 4. 10% 2.607. to 1971 3.40% —
2.90% to 1976
3.10% to 1980
3.20%
Bonds Payable 1967 20,000.00 35,000.00 12,000.00
1968 20,000.00 35,000.00 12,000.00
1969 20,000.00 35,000.00
1970 35,000.00 —
1971 20,000.00
1972 20,000.00
1973 20,000.00 —
1974 20,000.00
1975 20,000.00
1976 20,000.00
1977 20,000.00
1978 20,000.00
1979 10,000.00
1980 5,000.00 —
1981 5,000.00
1982 5,000.00
1983 5,000.00
1984 5,000.00
Total Bonds Payable 60,000.00 335,000.00 24,000.00
Note (c) Note (b)
Interest Payable 1967 2,050.00 9,055.00 816.00 —
1968 1,230.00 8, 145.00 408.00
1969 410.00 7, 235.00
1970 6,325.00 —
1971 5,580.00
1972 5,000.00
1973 4,420.00
1974 3,840.00 —
1975 3,260.00
1976 2,660.00
1977 2,040.00 —
1978 1,420.00
1979 955.00
1980 720.00 —
1981 560.00
1982 400.00
1983 240.00
1984 80.00 —
Total Interest Payable 3690.00 64935.00 1,224.00
(a) Payment due January 1, 196b remitted to
fiscal agent in December, 1965. —
(b) Principal Interest due from the Sewer
Utility Fund.
(c) Bonds Maturing 4-1-80 and thereafter are
callable at par.
54
Special Assessment Water Utility Fund Total
f \ A l l
Improvement Improvement Revenue Revenue Funds
— 11-1-47 6-1-54 6-1-54 6-1-57
1-1 12-1 6-1 6-1
35,000.00 275,000.00 225,000.00 200,000.00 1,600,000.00
2.40% 2.80% to 1970 2.50% to 1966 4.00% to 1966
3.00% 2.90% to 197: 4.00% to 1971
3.00% 4.50%
— (a) 2,000.00 12,000.00 10,000.00 92,000.00
1,000.00 2,000.00 12,000.00 10,000.00 92,000.00
2,000.00 12,000.00 10,000.00 79,000.00
— 2,000.00 13,000.00 10,000.00 60,000.00
2,000.00 13,000.00 10,000.00 45,000.00
2,000.00 13,000.00 10,000.00 45,000.00
2,000.00 13,000.00 10,000.00 45,000.00
2,000.00 13,000.00 10,000.00 45,000.00
20,000.00 40,000.00
20,000.00 0,000.00
20,000.00
20,000.00
10,000.00
— 5,000.00
5,000.00
5,000.00
5,000.00
- _ 5,000.00
1,000.00 16,000.00 101,000.00 120,000.00 650,000.00
— (a) 12.00 468.00 2,781.00 5, 105.00 20,311..00
12.00 412.00 2,433.00 4,675.00 17,315.00
356.00 2,085.00 4,245.00 14,331.00
— 300.00 1,722.50 3,815.00 12, 162.50
240.00 1,345.50 3,375.00 10,540.50
180.00 968.50 2,925.00 9,073.50
120.00 585.00 2,475.00 7,600.00
60.00 195.00 2,025.00 6,120.00
1,350.00 4,610.00
450.00 3, 110.00
2,040.00
1,420.00
955.00
720.00
560.00
400.00
240.00
80.00
24.00 2, 136.00 12, 115.50 30,440.00 111,506,50
55
CITY OF HOPKINS, MINNESOTA
STATISTICAL SECTION
CITY OF HOPKINS, MINNESOTA
INSURANCE IN FORCE
December 31, 1966
FIRE AND EXTENDED COVERAGE, V. & M. M.
Public and Institutional Property Form
90% Co-Insurance Buildings and Contents
— $100 deductible for all perils except fire
5 year policy expiring: 3/3/69
Total Value of Building: $866,900
Total Value of Contents : $3.9,500
Carrier: Fire and Casualty Company of Connecticut
1965 Premium: $1,078.00
FIRE AND EXTENDED COVERAGE, V. & M. M.
Rental Properties
90% Co-Insurance
$50 deductible for wind and hail
5 year policy expiring: 3/3/69
Total Value of Buildings 9,500.00
Carrier: Fire and Casualty Company of Connecticut
1966 Premium: 24.00
FLEET LIABILITY INSURANCE
Comprehensive Automobile Liability
Collision on cars - A.C.V. less 150.00 deductible
1 year Policy expiring: 4/3/67
100/300/50 liability
Carrier: Great Northern Insurance Company
1966 Premium: $3,593.00
t1ORTEEN'3 COMPENSATION
— Statutory Coverage
1 year policy expiring: 1/1/67
Carrier: Sentry Insurance
1966 Premium: 6,362.93
LANDLORDS AND TENANTS LIABILITY
— Bodily Injury and Property Damage
100/300/50
3 year policy expiring: 1/10/69
Carrier: Gladwin, Inc.
1966 Premium: 19.00
BOILER EXPLOSION
— Municipal Building and Public Library
$150,000
3 year policy expiring: 12/16/67
Carrier: Hartford Steam Boiler Inspector and
Insurance Company
1966 Premium: 100.00
56
FLOWER DISPLAY LIABILITY
Bodily Injury and Property Damage
100/300/50
1 year policy expiring: 9/25/67
Carrier: Great Northern Insurance Company
1966 Premium: 101.00
VOLUNTEER FIREMEN'S ACCIDENT POLICY
Accident and Indemnity
$5,000 maximum
_ 1 year policy expiring: 6/6/67
Carrier: Reliance Insurance Company
1966 Premium: 214.50
ASSESSORS BONDS
Carrier: Western Security Company
Expiration date : 8/1/68
Annual Premium: 17.00 each
C. R. Peterson
Joseph A. Hromadko
Arlyn Sala
Expiration Date: 3/1/67
Annual Premium: $10.00
Roger U. Peterson
Expiration date: 3/1/67
Annual Premium: $10.00
Roger Sorenson
NOTARY PUBLIC BONDS
Carrier: Western Security Company
Expiration date : 12/13/67
Annual Premium: $1.00
— Clifford R. Peterson
Expiration date: 10/10/70
Annual Premium: $1.00
— Rosalie Gilliam
FIDELITY BONDS
Carrier: General Insurance Company of America
Expiration date: 1/1/67
Annual Premium: 379.92
City Manager: $10,000.00
City Treasurer: $40,000.00
Assistant City Treasurer: $25,000.00
Clerk Cashier: $5,000.00
Carrier: General Insurance Company of America
Exi iration date : 1/1/67
Annual Premium: 130.29
Various Employees of the City $2,500.00
57
CITY OF HOPKINS, MINNESOTA —
ASSESSED VALUATION AND ESTIMATED TRUE AND
FULL VALUE AND MARKET VALUE OF ALL TAXABLE PROPERTY
FISCAL PERIOD —
POPULATION 1957 1958 1959 1960
10,239 10,616 10,993 11,370
REAL PROPERTY
Assessed Value
Homestead 2, 145.430 —
Excess and Non-Homstead 5,878,008
Total Assessed Value 7 181 871 7 416 172 7 895 845 8,023,438
Estimated Value
Full and True 20,992,610 21,633,900 22,968,900 23,236,010
Market 69,708,030 —
PERSONAL PROPERTY
Assessed Value 3,147,277 3, 159,780 3, 153,860 3,343,623 —
Estimated Value
Full and True 10,030,869
Market 20,061,738
TOTAL REAL AND PERSONAL PROPERTY
Assessed Value 10,329, 148 10,575,952 11,049,705 11,367,061 —
Estimated Full and True Value 33,266,879
Estimated Market Value 89,769,768
RATIO OF TOTAL ASSESSED VALUE TO TOTAL
Full and True Value .3417 .1
Market Value . 1266:1
PER CAPITA VALUATIONS
Assessed Value 1,009 996 1,005 1,000
Full and True Value 2,926
Market Value 7,895 —
58 —
FISCAL PERIOD
1961 1962 1963 1964 1965 1966
11,533 11,696 11,859 12,022 12, 187 12,300
- 2, 168,812 2,180,084 2,248,097 2,269, 123 2,292, 106 2,308,831
6, 168,248 6,452,936 7,388,866 7,734,444 8,303,045 9,489 175
8,337,060 8,633,020 9,636,963 10,003,567 10,595, 151 11,798,00
24, 150,952 24,907,760 27,518,635 28,466,654 30,611,872 33,037,822
72,288, 153 74,723,280 82,555,905 35,399,962 91,805,616 99, 113,466
- 3,419,384 3,216,959 3,323,985 3,367,746 3,101,868 3, 164,027
10,258, 152 9,650,877 9,971,955 10, 103,238 9,305,604 9,492,081
20,516,304 28,952,631 29,915,865 30,309,714 27,916,812 28,476,243
11,756,444 11,849,979 12,960,943 13,371,313 13,967,019 14,962,033
34,409, 104 34,558,637 37,490,590 38,569,892 39,917,476 42,529,903
92,804,457 103,675,911 112,471,770 115,709,676 119,752,4200 127,509,709
.3417 :1 .3429:1 .3457 :1 .3467 :1 .3499:1 .3518:1
T . 1267 :1 . 1143 :1 . 1152 : 1 . 1156 :1 . 1166:1 .1172:1
1,019 1,070 1,093 1,112 1, 146 1,216
2,984 2,955 3, 161 3,200 3,275 3,458
0,047 0,864 9,484 9,625 9,824 10,373
- 59
CITY OF HOPYINS, MINNESOTA
City Officials
1966
Term
Expires
Mayor John F. Hanley 6-30-67
Councilmen: Paul R. Lund 6-30-69
Henry Pokorny Jr. 6-30-69
Warner Blake 6-30-67
Robert P. Harriman 6-30-67
City Manager and Treasurer Richard L. Brubacher
City Clerk and Deputy Treasurer Clifford R. Peterson
City Attorney Joseph Vesely
City Engineer John J. Strojan
Assessor Clifford R. Peterson
Finance Officer John D. Frane
Building Inspector Clinton K. Blomquist
Health Officer Dr. Herman E. Drill
Police Superintendent William F. Proetz
— Fire Chief John A. Brecka
Street Superintendent Elmer C. Bielke
Water and Sewer Superintendent John A. Brecka
— Weed Inspector Robert G. Anderson
Librarian David R. Smith
Recreation Director Richard Wilson
Civil Defense Director Robert Powell
Board of Health Dr. H. E. Drill 6-30-67
Dr. P. W. Sheldon 6-30-67
William Proetz 6-30-67
Mrs. Albert Grondahl 6-30-67
Paul R. Lund 6-30-67
60
CITY OF HOPKINS, MINNESOTA
City Officials (continued)
Term
— Expires
Library Board Mary L. Sprague 6-30-69
Leone Wilwerding 6-30-J7
Evelyn Peterson 6-30-67
Hugh W. Firmage 6-30-67
Joseph C. Vesely 6-30-67
Mrs. Orrin M. Norberg 6-30-67
Robert Harriman 6-30-67
Police Civil Service Robert Geltman 6-30-69
Commission: Maurice Hessian 6-30-67
Cecil Kloss 6-30-69
Recreation Commission: Earl Dahlberg 6-30-67
Edward Mason 6-30-67
Mrs. Peter Throdahl 6-30-67
Mrs. Phil Hovander 6-30-67
Henry Pokorny, Jr. 6-30-67
Eugene Reilly 6-30-69
John Keefe 6-30-69
Zoning & Planning
Commission: Robert Heiland 6-30-(7
Warner P. Blake 6-30-67
Joseph Hussey 6-30-67
Paul Lohman 6-30-67
Guy McDonald 6-30-63
Dr. A. H. Male::ich Jr. 6-30-63
Jerre Miller 6-30-63
Clinton Blomquist )
R. L. Brubacher ) ex-officio members
John Strojan )
James Hawks )
Employees' Advisory Board: Clifford Robinson
Robert Anderson
Edward Dukatz
John Hanley
Charter Commission: W. Harlan Perbix
Glen M. Lewis
Erwin L. Smetana
Frank N. Whitcey
Mrs. Marjorie Schmitz
Maurice A. Hessian
Prof. Henry H. Wade
Rev. Charles Heuser
Otto Japs
Dr. Frank J. Eucera
Robert Geltman
S. C. Gustafson
John C. Zajicel,
Mrs. Mildred Lewis
Mrs. Mary M aetzold
City of Hopkins, Minnesota
HISTORY
The village of West Minneapolis was incorporated on
November 27, 1893. The name was changed to the Village
of Hopkins on July 7, 1923. On January 1, 1948, the Village
became a City of the fourth class and adopted the City Manager
form of government. As a result of the federal census of
1960, Hopkins became a City of the third class on January 2, 1961.
The corporate limits of the City of Hopkins comprise
approximately four square miles.
— The population of the City of Hopkins, as given in the
last six official federal cnesus reports, was as follows :
Year Population
— 1920 3,055
1930 3,834
1940 4,100
1950 7,595
1960 11,380
1965 12, 147
62