Loading...
1967 City of Hopkins, MN Annual Financial Report _ CITY OF HOPKINS) MINNESOTA FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31) 1967 INDEX Explanatory Comments I, II, III, IV, V, VI Auditors Letters VII ,VIII, IX 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 Principal City Officials 58°59 History 60 CITY OF HOPKINS, MINNESOTA COMMENTS ON BALANCE SHEET ITEMS CASH WITH FISCAL AGENT $ 37,370.50 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 $ 6,729.40 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 $870,420.60 _ Investments by Funds is as follows: General Fund: $90,000.00 U.S. Treasury Bills, due 4/22/68 $ 88,668.25* $90,000.00 U.S. Treasury Bills, due 10/31/68 85,950.00* $174,618.25 Permanent Improvement Revolving Fund: $130,000.00 U.S. Treasury Bills, due 7/31/68 $126,209.85* Water Utility Fund: $110,000.00 U.S. Treasury Bills, due 10/31/68 $105,050.00* Northwestern National Bank, 57. time certificates, due 1/20/68 205,000.00 due 3/27/68 200,000.00 $510,050.00 Sewer Utility Fund: $60,000.00 U.S. Treasury Bills, due 2/29/68 $ 59,542.50* - Total $870,420.60 ACCOUNTS RECEIVABLE $ 48,504.24 _ General Fund: Hopkins School District $ 6,394.10 Hennepin County = Fines 3,524.00 Hennepin County - County Road #18 survey 3,325.00 Village of Edina v County Road #18 survey 1,995.00 Village of Minnetonka = Parks and Recreation 2,564.50 Miscellaneous smaller amounts 6,500.51 $ 24,303.11 Utility Funds: Amounts due from customers $ 24,201.13 Total $ 48,504.24 * Shown at cost plus earned discount to 12/31/67. TAXES RECEIVABLE - DEFERRED $ 34,200.00 Is the amount the City must levy for retirement of the P. I. R. Funding bonds. TAXES RECEIVABLE ® DELINQUENT $ 21,272.62 Represents past levy's uncollected at 12/31/67 SPECIAL ASSESSMENTS o DEFERRED $1, 140,381.75 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 - DELINQUENT $ 13,475.98 Represents past levy's uncollected at 12/31/67 DUE FROM OTHER FUNDS $1,758,452.39 General Fund: Due from Special Assessments Fund, balance of the $45,000.00 transferred relative to library construction $ 4,958.34 Due from Bond Retirement Fund (repaid 1/2/68) 29,159.21 $ 34,117.55 P. I. R. Fund: Due from General Fund as a temporary transfer $ 15,953.30 Special Assessments Fund: Due from P. I. R. Fund $ 223.14 Bond Retirement Fund: Due from Water Utility Fund for bond revenue issue of 6/1/67 $1,342,250.00 Due from P. I. R. Fund for the municipal building bond issue of 4/1/64 352,880.00 Due from Sewer Fund for the bond issue of 9/1/58 13,028.40 $1,708,158.40 Total $j,758,452.39 FUNDS ON DEPOSIT WITH THE STATE $ 20,881.71 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 $ 38,923.09 General Fund: Library Construction $ 33,177.18 P. I. R. Fund: City's portion of projects #719,20,22 & 23 $ 2,920.80 Park school street project #618 2,825.11 $ 5,745.91 Total, $ 38,923.09 AMOUNTS TO BE PROVIDED FOR DEBT RETIREMENT $1,425,580.00 General Fund: Contracts for Deed Fairgrounds property $ 10,300.00 Landfill property 72,210.00 $ 82,510.00 Water Utility Fund: Revenue bond issue of 6/1/67 $1,343,070.00 Total $1,425,580.00 FIXED ASSETS $7,259,286.64 General Fixed Assets are shown at cost. Fixed assets in the Utility Funds are shown at cost less depreciation. ACCOUNTS PAYABLE $ 102,541.72 General Fund: Due on Library construction $ 11,842.25 Consultant v County Road #18 7,300.00 Other Accounts payable 13,357.99 $ 32,500.24 Water Utility Fund: Contractor retainage on water tank construction $ 55,123.97 Miscellaneous payables 191.70 $ 55,315.67 Other Funds = miscellaneous payables $ 14,725.81 Total $ 102,541.72 MATURED BONDS AND INTEREST PAYABLE L 37,370.50 Are presently due and payable from the cash deposited with the fiscal agents as shown under the caption assets. DUE TO OTHER FUNDS $1,758,452.39 See Due from Other Funds previously commented upon. DUE ON CONTRACTS FOR DEED $ 66,556.70 Feltl property $ 56,256.70 Fairgrounds property 10,300.00 Total $ 66,556.70 INTEREST PAYABLE $ 534,335.50 BONDS PAYABLE $1,465,000.00 See Statement of Bonds and Interest Payable — All Funds for details. — III RESERVE FOR ENCUMBRANCES $171,420.90 The following amounts have been reserved for future expenditures: Ordinance Codification $ 4,000.00 Fire Equipment 37,000.00 F.B.I. Academy Fee 351.00 Radio Equipment 475.00 Parking Enforcement 1,650.00 Storm Sewers 127,944.90 Total $171,420.90 UNEXPENDED APPROPRIATIONS $581,605.34 General Fund: Municipal State Aid $ 1,729.88 P. I. R. Fund: See Statement of Appropriations, Expenditures and Amounts 337,740.37 Water Fund: Water Facility Improvements 242L 135.09 Total $581,605.34 GENERAL FUND Actual revenues for the year exceeded the amount estimated by $30,989.41, actual amounting to $1,021,968.41 as against $990,979.00, estimated. Expenditures and encumbrances totaled $1, 142,567.81, an increase of $15,783.60 over the amounts authorized. The operating reserve (surplus) increased during the year from $25, 121.17 to $37, 105.99, details of the increase are setout in the financial statements section. Pursuant to Council Resolution No. 1565 of date, December 20, 1966 the City had started construction of a new library building in 1967. Total cost is expected to exceed $300,000.00 and is to be financed as follows: Federal Grant $105,000.00 Transfers from Other Funds 90,000.00 Sale of City owned real estate 140,000.00 IV PERMANENT IMPROVEMENT REVOLVING FUND Construction expenditures for the current year totaled $250,471.74, projects completed and assessed amounted to $167,058.37. Interest to be realized in the future on assessed projects is the principal reason for the increase of $33,084.53 in the unappropriated surplus. SPECIAL ASSESSMENT FUND Transferred from the unappropriated surplus of the Special Assessments Fund to the General Fund was an amount of $45,000.00 to be used toward the construction of the new library building. BOND RETIREMENT FUND Details of the change in bond and interest indebtedness is shown in the financial statement section. An amount of $45, 000.00 was transferred to the General Fund from the unappropriated surplus, to be used toward the construction of the new library. WATER UTILITY FUND As shown below net income decreased in 1967 by $9,963.06. The non operating expense amount of $18,160.00 represents current year interest due on the Water Bond Issue of 6/1/67: Year Ended 1967 1966 Total Operating Revenues $160,043.09 $148,793.12 Total Operating Expenses 90,239.30 75,325.12 Net Income Before Depreciation 69,803.79 73,468.00 Depreciation 35,750.09 34,377.89 Net Income After Depreciation 34,053.70 39,090.11 Non-Operating Income 20,977.69 7,744.34 Non-Operating Expenses 18,160.00 Net Income $ 36,871.39 $ 46,834.45 By Rocolutiou No. 19i the Council authorized the sale of $900,000.00 of General Obligation Water Revenue Bonds of 1967. Shown in the Water Fund Balance Sheet under the caption entitled "Reserves" is the following: Water Facility Improvements $242, 135.09 This represents the amount remaining to be expended on water improvements contracted for by the City. SINKING FUND - WATER REVENUE BONDS OF 6/1/67 $ 74,200.00 This amount has been transferred from unappropriated surplus to meet the sinking fund requirements as created by Council resolution. V SEWER UTILITY FUND Due to a substantial increase in contractual services relative to mains and disposal facilities the Sewer Fund incurred a loss in 1967 as shown below in a condensed comparative statement: Year Ended 1967 1966 Total Operating Revenues $130,069.14 $125,870.57 Total Operating Expenses 111,139.57 69,781.40 Net Income Before Depreciation 18,929.57 56,089.17 Depreciation 42,366.81 42,057.24 Net Income After Depreciation (23,437.24) 14,031.93 Non-Operating Income 954.50 2,280.62 Net Income ® (Loss) $(22,482.74) $ 16,312.55 VI HERBERT J. FLESHER & COMPANY Certified Public Accountants 50 South Ninth Avenue Hopkins, Minnesota March 26, 1968 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, 1967, 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 1967,payments were made to Pokorny Plumbing Company; however, the amounts involved were insignificant. VII 5. The following claims have been filed against the City of Hopkins and are outstanding at December 31, 1967. — Date Claimant Filed Injury Amount Meyers Realty Co. 4 . 1-63 Sewage back up 650.00 Alice Fortner 11- 4-64 Injury from fall 4,000.00 Carmen C. Hulbert 11-30-64 Injury from fall # Mrs. Mary Schutrop 3- 1-65 Injury from fall # Allen J. Lamer 5- 4-65 Auto accident Highway 7 and County Road 18 # John K. Hacking 5- 5-65 Drove through fresh tar 18.50 Mrs. Oscar Hensen 6-29-65 Injury from fall # -- Donna M. Peterson 8-11-65 Manhole cover flipped up scratching car 22.50 Margaret M. Nelson 9-29-65 Injury from fall # _ Neela Landquist 12- 2-65 Injury from fall 15,000.00 Larrie G. Heinzen 12-23-65 Injury from fall 15,000.00 George Hebert 2-14-66 Storm sewer back up Clifford M. Fiveland 8- 1-66 Motorcycle struck a hole on 5th Street South 125,000.00 Elaine E. Roth 3-14-67 Injury from fall 908.96 Dr. Manuel Joffe 4= 5-67 Sewer back up 94.40 -- Donald D. Roesner 6- 1-67 Damaged tree 50.55 Walter Rusch 7-12-67 Sewer back up 56.00 Warren Hamilton 7-28-67 Auto accident with fire truck 712.22 _ Helen R. Brown 8- 4-67 Injury from fall # Cecil A. Ferch 10- 7-67 Hit large hole in street # Bruce Prather 11©30-67 Damage to car at City garage # John Pavek 12- 8-67 Injury from fall 65.50 Cheryl Ann Pederson 8- 6-67 Drowning in culvert # 11.146:>1 ji.e . -77-f --ki- iL. 4- e-°-714/111•V' — VIII HERBERT J. FLESHER & COMPANY Certified Public Accountants 50 South Ninth Avnue Hopkins, Minnesota March 26, 1968 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, 1967. 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 qualifications 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, 1967, and the results of their operations for the year then ended, in conformity with generally accepted governmental accounting principles applied on a basis consistent with that of the preceding year. { // 69, 4. Certified Public Accountants 111111 Date Field Work Completed: March 26, 1968 If this report is published, it must be reproduced in its entirety. Extracts may not be published without authorization. IX CITY OF HOPKINS, MINNESOTA _ GENERAL AND SPECIAL REVENUE FUNDS CITY OF HOPKINS, MINNESOTA GENERAL AND SPECIAL REVENUE FUNDS BALANCE SHEET December 31, 1967 ASSETS Total Cash: Treasurer's Cash $ 5,928.91 Imprest Cash 205.00 Temporary Investments 174,618.25 Accounts Receivable 24,303.11 — Due from Other Funds 34, 117.55 Taxes Receivable ® Delinquent 19,348.38 Funds on Deposit with The State 20,881.71 Inventories 12,045.66 Prepaid Expenditures 1,206.87 To Be Provided for Contracts for Deed 82,510.00 To Be Provided for Library Building 33,177.18 Total Assets $408,342.62 LIABILITIES, RESERVES AND SURPLUS Liabilities: Accounts Payable $ 33,068.17 Due on Contracts for Deed 66,556.70 Due to Other Funds = PIR Fund 15,953.30 Total Liabilities $115,578.17 Reserves: Encumbrances $171,420.90 Prepaid Revenue 24,286.00 Imprest Cash 205.00 Inventories 12,045.66 Uncollectible Accounts Receivable 750.00 Delinquent Taxes Receivable 14,867.82 _ Funds on Deposit with The State 20,881.71 Unexpended Appropriations 1,729.88 Total Reserves $246, 186.97 Unappropriated Surplus $ 46,577.48 Total Liabilities, Reserves and Surplus $408,342.62 1 CITY OF HOPKINS, MINNESOTA Funds State Aid Beach Street General Concession Construction $ (5,272.46) $9,471.49 $ 1,729.88 205.00 174,618.25 _ 24,303.11 34, 117.55 19,348.38 20,881.71 — 12,045.66 12206.87 82,510.00 _ 33,177.18 $3762259.54 $92471.49 $222611.59 $ 33,068.17 66,556.70 _ 15,953.30 J $115,578.17 $171,420.90 24,286.00 205.00 12,045.66 750.00 _ 14,867.82 $20,881.71 1,729.88 $223,575.38 $22,611.59 $ 37, 105.99 $9,471.49 $376,259.54 $9,471.49 $22,611.59 2 CITY OF HOPKINS, MINNESOTA GENERAL FUND ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS For the year ending December 31, 1967 Balance = January 1, 1967 $ 25, 121.17 Additions: Reserve for Encumbrances January 1, 1967 $ 135,805.21 Revenues (Page 21 ) 1)0211968.41 Parking Lot Cost = 8th Avenue 18,282.74 1,176,056.36 $11201)177.53 Deductions: Expenditures (Page 22 ) $ 971,146.91 Reserve for Encumbrances - December 31,1967 171,420.90 Additional Workmen's Compensation Insurance 1,332.86 Purchase of lots for landfill m 1964 7,150.00 City share of concrete work 1967 and prior 11,916.58 Adjust inventory to actual. 1,104.29 1,164,071.54 Balance = December 31, 1967 $ 37, 105.99 3 CITY OF HOPKINS, MINNESOTA BEACH CONCESSION FUND ANALYSIS OF CHANGE IN UNAPPROPRIATED SURPLUS For the year ending December 31, 1967 Balance - January 1, 1967 $ 8,672.13 Additions: Operating income - Sales $6,552.14 Locker Rentals 16.10 Total Additions 6,568.24 $15,240.37 Deductions: Operating Expenses Personal Services $1,849.17 Contractual Services 251.49 Merchandise for Resale 3,668.22 Total Deductions 5,768.88 Balance - December 31, 1967 $ 9,471.49 4 CITY OF HOPKINS, MINNESOTA GENERAL FUND STATEMENT OF REVENUE . ESTIMATED AND ACTUAL For the year ending December 31, 1967 Increase (Decrease) of Actual Revenue -Est-imat-ed Actual Compared with — Revenue Revenue Estimated General Property Taxes: Current Ad Valo:em $719,633.00 $711,128.02 $(8,504.98) Delinquent Ad Valorem 4,000.00 4,283.83 283.83 Penalty and Int. on Delinquent Taxes 1,000.00 2,7-43.97 1,743.97 Total General Property Taxes $724,633.00 $718, 155.82 $(6,477.18) Licenses and Permits: Street Use Permits $ 626.00 $ 567.00 $ (59.00) Business Licenses - 34,775.00 32,239.00 (2,536.00) Nonbusiness Licenses and Permits -9,550.00 19330.41 9,780.41 Total Licenses and Permits $ 441951.00 $ 52, 136.41 $ 7, 185.4]_ Fines and Forfeitures: Court Fines $ 25,000.00 $ 39,401.00 $14,401.00 Forfeitures 400.00 144.35 (255.65) Total Fines and Forfeitures $ 25,400.00 $ 39,545.35 $14, 145.35 Revenue From Use of Money and Property: — Interest Earnings $ 13,000.00 $ 16,809.82 $ 3,809.82 Rents 2,500.00 2,551.50 51.50 Commissions 200.00 114.37 (85.63) _ Total Revenue From Use of - Money and Property 1_11:12191 19 ,475.69 $ 3,775.69 Revenue From Other Agencies: Shared State Taxes Liquor $ 15,300.00 $ 16,696.19 $ 1,396.19 Cigarettes 21,800.00 23,277.17 1,477.17 Bank Excise 3,800.00 3,691.26 (108.74) Mortgage Registry 3,300.00 3,479.60 179.60 State Aid-Road Maintenance 9,090.00 11,160.00 2,070.00 Mobile Homes — 2,470,34 2,470.34 Total Revenue From Other Agencies $ 53,290.00 $ 60,774.56 $ 7,484.56 5 CITY OF HOPKINS, MINNESOTA GENERAL FUND STATEMENT OF REVENUE m ESTIMATED AND ACTUAL For the year ending December 310 1967 Increase (Decrease) of Actual Revenue Estimated Actual Compared -With Revenue Revenue Estimated Charges for Current Services: General Government $ 1,005.00 $ 994.90 $ (10.10) Public Safety 4,050.00 8,788.20 4,738.20 Libraries 2,600.00 2,394.56 (205.44) Recreation 61.650.00 62,589.24 939x24 Total Charges for Current Services $ 69,305.00 $ 74,766.90 $ 5,461,90 Other Revenue $ 1,500.00 $ 61 486.32 124,21m,22, Transfers From Other Funds (Permanent) Parking Meter $ 2,200.00 $ 2,724.00 $ 524.00 Permanent Improvement Revolving 20,000.00 13,903.36 (6,096.,64) Water Utility 17,500.00 17,500.00 Sewer Utility 16,500.00 16,500.00 Total Transfers From Other Funds $ 56,200.00 $ 50,627,36 5 572.64) Total Revenue (To Page 3 ) $990,979.00 $1,021,968.41 $30.989.41 6 CITY OF HOPKINS, MINNESOTA GENERAL FUND STATEMENT OF EXPENDITURES AND ENCUMBRANCES COMPARED WITH AUTHORIZATIONS For the year ending December 31, 1967 Authorizations Reserve for Appropriations Encumbrances (After Outstanding Revisions) Jan. 1, 1967 Total GENERAL GOVERNMENT Mayor and Council Personal Services $ 3,700.00 $ 3,700.00 Contractual Services 3,900.00 3,900.00 Commodities 600.00 600.00 Other Charges 1,250.00 1,250.00 Capital Outlay Total Mayor and Council $ 9,450.00 $ 9,450.00 City Manager Personal Services $22,000.00 $22,000.00 Contractual Services 1,800.00 1,800.00 _ Commodities 800.00 800.00 Other Charges 150.00 150.00 Capital Outlay 200.00 200.00 Total City Manager $24,950.00 $24,950.00 City Clerk Personal Services $12,500.00 $12,500.00 Contractual Services 220.00 220.00 Commodities 500.00 500.00 Other Charges 25.00 25.00 _ Capital Outlay 50.00 50.00 Total City Clerk $13,295.00 $13,295.00 Elections - Personal Services $ 1,500.00 $ 1,500.00 Contractual Services 300.00 300.00 Commodities 250.00 250.00 Total Elections $ 2,050.00 $ 2,050.00 Legal Services Personal Services $10,000.00 $10,000.00 _. Contractual Services 50.00 50.00 Commodities 300.00 300.00 Other Charges 150.00 150.00 - Capital Outlay 2,000.00 $2,000.00 4,000.00 Total Legal Services $12,500.00 $2,000.00 $14,500.00 Court Services Personal Services $ 1,000.00 $1,000.00 Contractual Services 7,000.00 - 7,000.00 j.. h 0 CPn 'In g 0 nnn nn - CITY OF HOPKINS, MINNESOTA Encumbrances Unexpended Outstanding Unencumbered Expenditures Balance December 31, 1967 Balance _ $ 2,347.02 $ 1,352.98 $ 1,352.98 3,567.52 332.48 332.48 334.46 265.54 265.54 --2,-018.99 (768.99) (768.99) _ $ 8,267.99 $ 1,182,01 $ 1,182.01 $201826.26 $ .1,173.74 $ 1,173.74 1,708.05 91.95 91.95 503.49 296.51 296.51 340.9-8 - (19-0.98)- (190.98) - 218.00 (18.00) (18.00) §.22,0596.78 $ 1,353.22 $ 1,353.22 $12,593.62 $ (93.62) $ (93.62) 132.09 87.91 87.91 307.92 192.08 192.08 34.00 (9.00) - -- (9.00) _ -- 29.95 20.05 20.05 $13,097.58 $ 197.42 $ 197.42 -- $ 1,963.08 $ (463.08) $ (463.08) -- 300.00 300.00 336.96 (86.96) (86.96) _ $ 2,300.04 $ (250.04) $ (250.04) _ $12,240.86 $(2,240.86) $(2,240.86) 1.35 48.65 48.65 99.74 200.26 200.26 67.50 - 82.50 - 82.50 4,000.00 $4,000.00 $12,409.45 $ 2,090.55 $4,000.00 $(1,909.45) $---1,4&8.39- $ (468.39) $ (468.39) ±,877.30 122.70122.70 A ',Nei- t�� �� $ (345.69) CITY OF HOPKINS, MINNESOTA GENERAL FUND STATEMENT OF EXPENDITURES AND ENCUMBRANCES COMPARED WITH AUTHORIZATIONS For the year ending December 31, 1967 Authorizations Reserve for Appropriations Encumbrances – (After - Outstanding Revisions) Jan. 1, 1967 Total GENERAL GOVERNMENT toontinued) rinance and Acco'"r«ng Personal of-vices $20,000.00 $20,000.00 – contr.—nal Services 380.00 380.00 Cc,.unodities 600.00 600.00 Other Charges 110.00 110.00 – Capital Outlay 100.00 100.00 Total Finance and Accounting $21, 190.00 $21,190.00 Assessing Personal Services $22,500.00 $22,500.00 Contractual Services 800.00 800.00 Commodities 400.00 400.00 –. Other Charges 175.00 - - 175.00 Capital Outlay 800.00 - 800.00 Total Assessing $24,675.00 $24,675.00 Special Assessing Personal Services $ 3,500.00 $ 3,500.00 Contractual Services 1,200.00 1,200.00 Commodities - 300.00 300.00 Total Special Assessing $ 5,000.00 $ 5,000.00 Zoning and Planning Personal Services $ 1,500.00 $ 1,500.00 Contractual Services 5, 150.00 5, 150.00 _ Commodities 300.00 300.00 Other Charges 1,-000.00 1,000.00 Total Zoning and Planning $ 7,950.00 $ 7,950.00 Charter Commission Contractual Services $ - 250.00 $ 250.00 Commodities - - Total Charter Commission $ 250.00 $ 250.00 9 CITY OF HOPKINS, MINNESOTA Encumbrances _ Unexpended Outstanding Unencumbered Expenditures Balance December 31, 1967 Balance $20,625.90 $ (625.90) $ (625.90) - 102.91 277.09 277.09 565.73 34.27 34.27 84.00 26.00 26.00 - 100.00 - 100.00 $21,378.54 $ (188.54) $ (188.54) - $14,736.81 $ 7,763.19 $ 7,763.19 998.61 (198.61) (198.61) 557.15 (157.15) (157.15) 127.85 47.15 47.15 828.10 (28.10) 08.30) $17,248.52 $ 7,426.48 $ 7.426.48 $ 3,368.11 $ 131.89 $ 131.89 -------727.96 472.04 - - 472.04 135.40 - 164,60 - 164.60 $ 4,231.47 $ 768.53 $ 763.53 $ 934.32 $ 565.68 $ 565.68 5, 166.56 (16.56) (16.56) 582.24 - (282.24) (282.24) - 7,266.06 (6,266.06) _ (6,266.06) $13,949.18 $(5,999.18) $(5,999.18) - $ 250.00 - $ 250.00 $ - $ 250.00 $ 250.00 10 CITY OF HOPKINS, MINNESOTA GENERAL FUND STATEMENT OF EXPENDITURES AND ENCUMBRANCES COMPARED WITH AUTHORIZATIONS For the year ending December 31, 1967 Authorizations Reserve for Appropriations Encumbrances _ (After Outstanding Revisions) Jan. 1. 1967 Total GENERAL GOVERNMENT (Continued) Municipal Building Personal Services $ 13,500.00 $ 13,500.00 — Contractual Services 15,800.00 15,800.00 Commodities 3,500.00 3,500.00 Capital Outlay 500.00 500.00 _ Total Municipal Building $ 33,300.00 — $ 33,300.00 PUBLIC SAFETY Police Protection Personal Services $155,500.00 $155,500.00 Contractual Services 7,975.00 $ 351.00 8,326.00 Commodities 6,500.00 6,500.00 Other Charges 100.00 100.00 Capital Outlay 5,500.00 1,900.00 7,400.00 — Total Police Protection $175,575.00 $ 2,251.00 , 177,826.00 Fire Protection Personal Services $ 15,850.00 $ 15,850.00 — Contractual Services 4,210.00 4,210.00 Commodities 3,050.00 3,050.00 Other Charges 375.00 375.00 _ Capital Outlay 9,200.00 $29,000.00 38,200.00 Other Disbursements 1,500.00 1,500.00 Total Fire Protection $ 34,185.00 $29,000.00 $ 63,185.00 Inspection Service Peroonal Services $ 14,900.00 $ 14,900.00 Contractual Services 300.00 300.00 — f'.nmmndi.ties 300.00 300.00 Other Charges 80.00 80.00 Total InspQrtinn Seava.rP .5._15,580.00 $ 15,580.00 11 CITY OF HOPKINS, MINNESOTA Encumbrances Unexpended Outstanding Unencumbered Expenditures Balance December 31, 1967 Balance $ 13,562.71 $ (62.71) $ (62.71) 16,813.10 (1,013.10) (1,013.10) 3,051.44 448.56 448.56 614.43 (114.43) (114.43) $ 34,041.68 $ (741.68) $ (741.68) $154,486.43 $ 1,013.57 $ 1,013.57 6;490.63 1;835.37 $ 351.00 1;484.37 6,333.41 166.59 166.59 99.00 1.00 1.00 6,525.60 874.40 1,900.00 (1,025.60) $173,935.07 $ 3,890.93 $ 2,251.00 $ 1,639.93 $ 23,210.58 $(7,360.58) $(7,360.58) 4,592.43 (382.43) (382.43) 3,364.71 (314.71) (314.71) 321.00 54.00 54.00 733.64 37,466.36 $37,000.00 466.36 1,496.20 3.80 3.80 $ 33,718.56 $29,466.44 $37,000.00 $(7,533.56) $ 14,350.41 $ 549.59 $ 549.59 240.51 59.49 59.49 370.17 (70.17) (70.17) 95.00 (15.00) (15.00) $ 15 056.09 $ 523.91 $ 523.91 12 CITY OF HOPKINS, MINNESOTA GENERAL FUND STATEMENT OF EXPENDITURES AND ENCUMBRANCES COMPARED WITH AUTHORIZATIONS For the year ending December 31, 1967 Authorizations Reserve for Appropriations Encumbrances (After Outstanding Revisions) Jan. 1, 1967 Total PUBLIC SAFETY (Continued) Civil Emergencies Personal Services $ 900.00 $ 900.00 Contractual Services 260.00 260.00 Commodities 1,000.00 - 1,000.00 Capital Outlay 1,500.00 1,500.00 Total Civil Emergencies $ 3,660.00 $ 3,660.00 Animal Control Contractual Services $ 2,200.00 1_11122122 PUBLIC WORKS Engineering Personal Services $25,000.00 $25,000.00 Contractual Services 590.00 590.00 Commodities 350.00 350.00 Other Charges 50.00 50.00 Capital Outlay 300.00 300.00 Total Engineering $26,290.00 $26,290.00 Street Administration Personal Services $28,000.00 $28,000.00 Contractual Services 7,350.00 7,350.00 Commodities 18/000.00 18,000.00 Capital Outlay 23,900.00 23,900.00 Total Street Administration $77,250.00 $77,250.00 Street and Alleys Persnnal Services $16, 100.00 $16, 100.00 Contractual Services 2,300.00 2,300.00 Commodities 21,500.00 21,500.00 Total Street and Alleys $39,900.00 $39,900.00 Snow and Leo Removal Personal Servb-co $ 8,000.00 $ 8,000.00 Contractual Services 200.00 200.00 Commodities 3,000.00 3,000.00 Capital Outlay 5,000.00 _ 5,000.00 Total Snow and Ice Removal $16,200.00 $16,200.00 13 CITY OF HOPKINS, MINNESOTA Encumbrances _ Unexpended Outstanding Unencumbered Expenditures Balance December 31, 1967 Balance $ 240.53 $ 659.47 $ 659.47 140.00 140.00 120.00 330.46 669.54 669.54 - 1,500.00 1,500.00 $ 690.99 $ 2,969.01 /...1012.2.2.1 $ 2, 159.00 $ 41.00 $ 41.00 _ $24,840.31 $ 159.69 $ 159.69 369.76 220.24 220.24 379.94 (29.94) (29.94) 39.00 11.00 11.00 _ 295.00 5.00 5.00 _ $25,924.01 $ 365.99 365.99 $38,308.39 $(10,308.39) $(10,308.39) 1 308.43 1,308.43 19,486.24 (1, 9,446. 7 ,486.24) (1,486.24)20,641.06 394 ,258.94 _ 3258 $84,477.26 $(7,277.26) , .$ (7,217,26) 1 326.58 _ $14,773.42 $ , $ 1,326.58 35.00 2,265.00 2,265.00 36 1,003.36 1,003. 20,496.64 $35,305.06 $ 4,594.94 $ 4,594.94 $14,364.98 $ (6,364.98) $ (6,364.98) - 105.00 95.00 95.00 4,291.38 (1,291.38) (1,291.38)4,21.00 4,680.00 320.00 _ $19,081.36 $ (2,881.36) $ (2,881.36) 14 CITY OF HOPKINS, MINNESOTA GENERAL FUND STATEMENT OF EXPENDITURES AND ENCUMBRANCES COMPARED WITH AUTHORIZATIONS For the year ending December 31, 1967 Authorizations - Reserve for Appropriations Encumbrances (After Outstanding - Revisions) Jan. 1, 1967 Total PUBLIC WORKS (Continued) Traffic Signs and Signals Personal Services $ 4,000.00 $ 4,000.00 Contractual Services 4,700.00 4,700.00 - Commodities 750.00 750.00 Capital Outlay - $ 9,400.00 9,400.00 Total Sign and Signals $ 9,450.00 $ 9,400.00 $ 18,850.00 - Street Lighting Personal Services $ 4,800.00 $ 4,800.00 Contractual Services 25,200.00 - 25,200.00 Commodities 100.00 100.00 Total Street Lighting $30,100.00 $ 30, 100.00 SANITATION AND WASTE REMOVAL Tree and Weed Control _ Personal Services $ 800.00 $ 800.00 Contractual Services 60.00 60.00 Commodities 125.00 125.00 Total Tree and Weed Control $ 985.00 $ 985.00 - Street Cleaning Personal Services $ 6,000.00 $ 6,000.00 - Storm Sewers Personal Services $ 4,000.00 $ 4,000.00 Capital Outlay 40,800.00 $92,929.21 133,729.21 Total Storm Sewers $44,800.00 $92,929.21 $137,729.21 Refuse, Collection and Disposal Personal Services $60,000.00 $ 60,000.00 Contractual Services 300.00 300.00 Commodities 3,500.00 3,500.00 _ Total Refuse, Collection and Disposal $63,800.00 $ 63,800.00 15 CITY OF HOPKINS, MINNESOTA Encumbrances Unexpended Outstanding Unencumbered Expenditures Balance December 31, 1967 Balance $ 2,666.36 $ 1,333.64 $ 1,333.64 — 5,428.20 (728.20) 2,837.29 (2,087.29) (728.20) 9,400.00 0 (2,087.29) _ $20,331.85 $ (1,481.85) $ (1,481.85) $ 3,979.86 $ 820.14 $ 820.14 25,057.53 142.47 142.47 2.50 97.50 97.50 $29,039.89 11,060.11 $ 1,060.11 $ 1,943.64 $ (1, 143.64) $ (1, 143.64) 60.00 60.00 390.50 (265.50) (265.50) — $ 2,334.14 $ (1,349.14) $ (1,349.14) $ 4,548.21 $ 1,451.79 $ 1,451.79 $ 2,570.70 $ 1,429.30 $ 1,429.30 5,784.31 127,944.90 $127,944.90 $ 8,355.01 $129,374.20 $127,944.90 $ 1,429.30 $62, 169.45 $ (2,169.45) $ (2, 169.45) 413.72 (113.72) (113.72) 3,571.11 (71.11) (71.11) $66,154.28 $ (2,354.28) $ (2,354.28) — 16 CITY OF HOPKINS, MINNESOTA GENERAL FUND STATEMENT OF EXPENDITURES AND ENCUMBRANCES COMPARED WITH AUTHORIZATIONS For the year ending December 31, 1967 Authorizations Reserve for Appropriations Encumbrances (After - Outstanding Revisions) Jan. 1, 1967 Total HEALTH AND WELFARE Health Personal Services $ 3,800.00 $ 3,800.00 Contractual Services 3,300.00 3,300.00 Commodities Total Health $ 7, 100.00 $ 7, 100.00 Welfare Contractual Services $10,000.00 $10,000.00 Public Library Personal Services $29,200.00 $29,200.00 Contractual Services 1,050.00 1,050.00 Commodities 15,775.00 15,775.00 Other Charges 10,000.00 10,000.00 Capital Outlay Total Public Library $56,025.00 $56,025.00 -- PARKS AND RECREATION Administration Personal Services $26,000.00 $26,000.00 Contractual Services 1,900.00 1,900.00 Commodities 500.00 500.00 Other Charges 110.00 110.00 Total Administration $28,510.00 $28,510.00 General Activities Personal Services $18,830.00 $18,830.00 Commodities 1,450.00 1,450.00 Other Charges 1,300.00 1,300.00 Total Gc:neral Activities 1.21,580.00 $21,580.00 Basketball Personal Services $ 1,900.00 $ 1,900.00 Commodities 190.00 190.00 Other Charges 35.00 35 ,00 Total Basketball $ 2, 125.00 $ 2,125.00 17 CITY OF HOPKINS, MINNESOTA Encumbrances — Unexpended Outstanding Unencumbered Expenditures Balance December 31, 1967 Balance $ 1,215.85 $ 2,584.15 $ 2,584.15 — 3,229.56 70.44 70.44 $ 4,445.41 $ 2,654.59 $ 2,654.59 $ 7,334.73 $ 2,665.27 $ 2,665.27 $32,302.07 $(3,102,07) $(3, 102.07) 876.05 173.95 173.95 — 16,417.33 (642.33) (642.33) 10,054.00 ( 54.00) ( 54.00) 49.00 ( 49.00) ( 49.00) $59,698.45 $(3,673.45) $(3,673.45) $21,717.67 $ 4,282.33 $ 4,282.33 2,295.94 (395.94) (395.94) — 759.23 (259.23) (259.23) 54.05 55.95 55.95 $24,826.89 $ 3,683.11 $ 3,683.11 $20,396.67 $(1,566.67) $(1,566.67) 1,572.12 (122.12) (122.12) 817.77 482.23 482.23 $22,786.56 $(1,206.56) $(1,206.56) $ 1,967.25 $ (67.25) $ (67.25) 220.00 (30.00) (30.00) 35.00 $ 2,222.25 (97.25) $ (97.25) 18 CITY OF HOPKINS, MINNESOTA GENERAL FUND STATEMENT OF EXPENDITURES AND ENCUMBRANCES COMPARED WITH AUTHORIZATIONS For the year ending December 31, 1967 Authorizations — Reserve for Appropriations Encumbrances (After - Outstanding _ Revisions) Jan. 1, 1967 Total PARKS AND RECREATION (Continued) Softball Personal Services $ 2,170.00 $ 2, 170.00 Contractual Services 400.00 400.00 Commodities 685.00 - 685.00 Other Charges 190.00 190.00 Total Softball $ 3,445.00 _ $ 3,445.00 Skating Rinks Personal Services $ 3, 100.00 $ 3, 100.00 Contractual Services _ — Commodities 100.00 100.00 Other Charges Total Skating Rinks $ 3,200.00 $ 3,200.00 — Beach Personal Services $ 9,900.00 $ 9,900.00 Contractual Services 100.00 100.00 — Commodities 500.00 500.00 Other Charges 3,000.00 3.000.00 Total Beach $13,500.00 $13,500.00 Pool Personal Services $10,200.00 $10,200.00 Commodities 100.00 100.00 Total Pool $10,300.00 $10,300.00 Football Personal Services $ 420.00 $ 420.00 Contractual Services 75.00 75.00 Commodities 40.00 40.00 — Total Football $ 535.00 $ 535.00 Parks Personal Services $23,920.00 $23,920.00 Contractual Services 4,400.00 4,400.00 Commodities 6,100.00 6,100.00 Capital Outlay 20,000.00 $ 225.00 21225.00 Total Parks $54,420.00 $ 225.00 54,645.00 19 CITY OF HOPKINS, MINNESOTA Encumbrances Unexpended Outstanding Unencumbered Expenditures Balance December 31, 1967 Balance $ 1,870.00 $ 300.00 $ 300.00 244.89 155.11 155.11 675.40 9.60 9.60 209.00 (19.00) (19.00) $ 2,999.29 $ 445.71 $ 445.71 $ 3,972.63 $ (872.63) $ (872.63) 40.89 59.11 59.11 $ 4,013.52 $ (813.52) $ (813.52) $ 9,723.11 $ 176.89 $ 176.89 81.30 18.70 18.70 427.76 72.24 72.24 2,332.50 667.50 667.50 $12,564.67 $ 935.33 $ 935.33 $ 9,051.45 $ 1, 148.55 $ 1,148.55 59.81 40.19 40.19 $ 9, 111.26 $ 1, 188.74 $ 1,188.74 $ 412.00 $ 8.00 $ 8.00 46.34 28.66 28.66 - 30.00 10.00 _ 10.00 $ 488.34 $ 46.66 $ 46.66 $24,218.42 $ (298.42) $ (298.42) 3,945.70 454.30 454.30 5,559.83 540.17 540.17 21,531.48 (1,306.48) $ 225.00 (1,531.48) $55,255.43 $ (610.43) $ 225.00 $ (835.43) 20 CITY OF HOPKINS, MINNESOTA GENERAL FUND STATEMENT OF EXPENDITURES AND ENCUMBRANCES COMPARED WITH AUTHORIZATIONS For the year ending December 31, 1967 Authorizations Reserve for Appropriations Encumbrances (After Outstanding Revisions) Jan. 1, 1967 Total UNALLOCATED EXPENSE Retirement Public Employees Retirement Fund $ 33,500.00 $ 33,500.00 Insurance $ 17,200.00 $ 17,200.00 Rental Properties $ 870.00 $ 870.00 Available for Appropriation Contractual Services $ 200.00 $ 200.00 Other Charges -9,18:00 9,178.00 Capital Outlay _ Total Available for Appropriation 9,378.00 $ 9,378.00 --- Capital Outlay $ 9,000.00 $ 9,000.00 Hennepin County Parks $ 1,706.00 $ 1,706.00 Total $990,979.00 $135,805.21 $1,126,784.21 21 CITY OF HOPKINS, MINNESOTA Unexpended Unencumbered sxeenditures Balance December 31, 1967 Balance $ 33,486.83 $ 13.17 $ 13.17 $ 21,811.45 $ (4,611.45) $ (4,611.45) $ 422.76 $ 447.24 $ 447.24 $ 281.92 $ (81.92) $ (81.92) 18,713.95 (9,535.95) (9,535.95) 118,995.87 1_1211L127) $ (9,617.87) $ 9,000.00 $ 1,705.50 $ .50 $ .50 $971,146.91 $155,637.30 $171,420.90 $(15,783.60) 22 CITY OF HOPKINS, MINNESOTA STATE AID STREET CONSTRUCTION FUND ANALYSIS OF CHANGE IN RESERVES For the year ending December 31, 1967 Balance - January 1, 1967 $306, 199.54 1967 Allotment from the State of Minnesota 68,042.00 $374,241.54 Less: State aid construction funds applied to 11th and 17th Avenue projects 351,629.95 Balance - December 31, 1967 $ 22,611.59 23 CITY OF HOPKINS, MINNESOTA PERMANENT IMPROVEMENT REVOLVING FUND CITY OF HOPKINS, MINNESOTA PERMANENT IMPROVEMENT REVOLVING FUND BALANCE SHEET December 31, 1967 ASSETS Treasurer's Cash $ (1,942.01) Investments 126,209.85 To Be Assessed 514,516.18 Special Assessments Receivable: Deferred 1,093,685.16 Delinquent 12, 180.14 Due from General Fund 15,953.30 To Be Provided for Authorized Construction 5,745.91 Total Assets $1,766,348.53 - LIABILITIES, RESERVE AND SURPLUS Liabilities Contracts Payable $ 1,612.52 Due to Other Funds 353,103.14 Total Liabilities L 354,715.66 Reserves Delinquent Assessments Receivable $12,180.14 Less unremitted from County at 12-31-67 1,959.60 $ 10,220.54 Unexpended Authorizations 337,740.37 Total Reserves $ 347 960.91 Surplus Fund Principal $ 830,000.00 Unappropriated Surplus 233,671.96 Total Surplus $1,063,671.96 Total Liabilities, Reserve and Surplus $1,766,348.53 24 CITY OF HOPKINS, MINNESOTA PERMANENT IMPROVEMENT REVOLVING FUND ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS For the year ending December 31, 1967 Balance January 1, 1967 $200,587.43 Additions Delinquent Assessments Collected during 1967 $ 2,019.94 Interest on Accounts Assessed during 1967 56,070.87 Delinquent Assessments Unremitted from the County at 1231=67 1,959.60 Adjustment to agree with County records 1,58927 Total Additions 61,639.68 $262,227.11 Deductions Interest loss on prepaid assessments $21,406.17 Interest loss on cancelled assessments 413.19 Transferred to Reserve for Delinquent Assessments Receivable 1967 6,735.79 Total Deductions 28,555.15 Balance December 31, 1967 $233,671.96 25 CITY OF HOPKINS, MINNESOTA PERMANENT IMPROVEMENT REVOLVING FUND STATEMENT OF APPROPRIATIONS, EXPENDITURES AND AMOUNTS ASSESSED For the year ending December 31, 1967 Expenditures Appropriations Prior Current Year Dec. 31, 1967 Years Construction Overhead Total — Sewer Construction $ 27,805.50 $ 2, 161.54 $ 14, 138.55 $ 2, 120.78 $ 18,420.87 Street ConsLructinn 12,399.00 86,242.18 20,733.88 (642.03) 106,304.03 Street Surfacing 52,708.81 240,678.34 21,052.48 82.05 261,812.87 Alley Construction 18,426.48 2,113.45 43,902.51 5,228.57 51,244.53 Curb, Gutters and — Driveways 6,541.19 1,873.43 14,450.40 637.17 16,961,00 Storm Sewers n m 4 0 Utility Connections 1,788.60 268.29 2,056.89 Water Mains 68,026.00 734.71 77,091.60 1,950.00 79,776.31 Retaining Wall 1,759.96 9, 147.60 1,372.02 12,279.58 Street 73S1,ts 9,516.00 719.15 m 719.15 vaLking Lots 322 014.00 5, 167.35 36,807.74 371.53 42,346.62 $517,436.98 $341,450.11 $239,083.36 111,388.38 159_1,921.85 * Includes unallocated expenditures for construction in the amount of $68,293.74. 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, 1967 $ o $ 2,161.54 $ 11,546.17 36,430.04 *(57,474.99) 188,560.38 72,673.77 52, 130.09 6, 124.67 29,524.80 2,831.42 406.82 11,313.05 1,300.06 75.00 2,056.89 75.00 50,000.00 618.70 38,868.39 12,279.58 8,796.85 279,667.38 $245, 166.87 $167,058.37 $337,740.37 27 CITY OF HOPKINS, MINNESOTA PERMANENT IMPROVEMENT REVOLVING FUND STATEMENT OF CHANGES IN ASSESSMENTS RECEIVABLE For the year ending December 31, 1967 Balance January 1, 1967 $1,106,994.74 Additions Assessed This Year Construction $167,058.37 Interest 56,070.87 $223, 129.24 Adjustment to agree with County records 1,589.27 Total Additions 224 718.51 $1,331,713.25 Deductions Current Year Receivable Remitted From Hennepin County $144,489.41 To Delinquent Assessments Receivable 1967 r 6,735.79 $151,225.20 Prepayment Principal $ 63,752.95 Interest 21,406.17 85,159.12 Assessments Cancelled 1,643.77 Total Deductions 238.028.09 Balance December 31, 1967 $1,093,685.16 28 CITY OF HOPKINS, MINNESOTA SPECIAL ASSESSMENT FUND CITY OF HOPKINS, MINNESOTA SPECIAL ASSESSMENT FUND BALANCE SHEET December 31, 1967 ASSETS Cash Treasurers Cash $(23,334.42) Deposited with Fiscal Agents 2,234.00 Special Assessments Receivable Deferred 46,696.59 Delinquent 1,295.84 Due from P I R Fund 223.14 Total Assets $ 27,115.15 LIABILITIES, RESERVES AND SURPLUS Liabilities Matured Bonds and Interest Payable $ 2,234.00 Interest Payable 1,668.00 Bonds Payable 14,000.00 Due to General Fund 4,958.34 Total Liabilities $ 22,860.34 Reserves Delinquent Assessments Receivable $1,295.84 Less: Unremitted from County to December 31, 1967 46.87 1,248.97 Unappropriated Surplus 3,005.84 Total Liabilities, Reserves and Surplus $ 27115.15 29 CITY OF HOPKINS, MINNESOTA SPECIAL ASSESSMENT FUND ANALYSIS OF CHANGE IN UNAPPROPRIATED SURPLUS For the year ending December 31, 1967 Balance January 1, 1967 $49,048.47 — Additions Delinquent assessments paid $ 37.34 Delinquent assessments unremitted from the — County at December 31, 1967 46.87 Total Additions 84.21 $49,132.68 Deductions Budget transfer to General Fund for Library Construction $45,000.00 Fiscal agent charges 12.50 Interest loss on prepaid special assessments 497.64 Transferred to reserve for delinquent assessments receivable - 1967 582.55 Adjustments to assessments receivable to agree with County records 34.15 Total Deductions 46,126.84 — Balance December 31, 1967 $ 3,005.84 SPECIAL ASSESSMENT FUND ANALYSIS OF CHANGES IN ASSESSMENTS RECEIVABLE For the year ending December 31, 1967 Balance January 1, 1967 $60,341.41 Deductions — Prepaid assessments $ 2,761.97 Interest on prepaid assessments 497.64 Remitted from County 9,768.51 To delinquent assessments receivable m 1967 582.55 Adjustment to agree with County records 34.15 Total Deductions 13 644.82 Balance December 31, 1967 $46,696.59. 30 CITY OF HOPKINS, MINNESOTA SPECIAL ASSESSMENT FUND ANALYSIS OF CHANGES IN BONDS AND INTEREST PAYABLE For the year ending December 31, 1967 Bonds Payable Balance January 1, 1967 $171000.00 Remitted to Fiscal Agents _ 3 000.00 Balance December 31, 1967 $14,000.00 Interest Payable Balance January 1, 1967 $ 2,160.00 Remitted to Fiscal Agents 492.00 Balance December 31, 1967 $ 1,668.00 31 CITY OF HOPKINS, MINNESOTA BOND RETIREMENT FUND CITY OF HOPKINS, MINNESOTA BOND RETIREMENT FUND BALANCE SHEET December 31, 1967 ASSETS Cash Treasurer's Cash $ 58,441.54 Deposited with Fiscal Agents 31,388.00 Taxes Receivable Deferred 34,200.00 Delinquent 1,924.24 Due From Other Funds 1,708,158.40 Total Assets $1,834,112.18 LIABILITIES, RESERVES AND SURPLUS Liabilities Matured Bonds and Interest Payable $ 31,388.00 _ Interest payable 497,998.00 Bonds Payable 1,252,000.00 Due to General Fund 29,159.21 Total Liabilities 1,810,545.21 Reserves Retirement of Bonds and Interest $ 9,010.00 Uncollectible Taxes 1,570.00 Amounts Due from the Sewer Utility Fund 620.40 Deposit from the Sewer Utility Fund 6,729.40 Delinquent Taxes Receivable 1,779.85 Total Reserves 19,709.65 Unappropriated Surplus 3,857.32 Total Liabilities, Reserves and Surplus $1,8340112.18 32 CITY OF HOPKINS, MINNESOTA _ BOND RETIREMENT FUND ANALYSIS OF CHANGES IN UNAPPROPRIATED l1967 APR� EDURPLUS For the year ending $461886.33 Balance January 1, 1967 Additions 8.33 Interest on investments $ 33998.33 Delinquent tax collection during 1967 0 Reserve for uncollectible taxes 1,550.00 no longer required Delinquent taxes unremitted from 144.39 the County at 12-31-67 2.461.62 Total Additions $49,347.95 Deductions Budget transfer to the General Fund for Library Construction $45,000.00 100.00 Fiscal agent charges 17 Transferred to Reserve for Delinquent 350.46 L taxes receivable - 1967 45,490 6: Total Deductions LBalance December 31, 1967 L L L L.. 33 CITY OF HOPKINS, MINNESOTA BOND RET IREMENT FUND ANALYSIS OF CHANGES IN RESERVES For the year ending December 31, 1967 Uncollectible Taxes Balance January 1, 1967 $3, 120.00 Reserve No Longer Required: P.I.R. 6-1-57 1,550.00 Balance December 31, 1967 $1,570.00 Amounts Due from the Sewer Utility Fund Balance January 1, 1967 $1,261.20 Reserve no longer required 640.80 Balance December 31, 1967 $ 620.40 Deposits from the Sewer Utility Fund Balance January 1, 1967 $6,088.60 1967 Payments 640.80 Balance December 31, 1967 $6,729.40 Delinquent Taxes Receivable Balance January 1, 1967 $1,942.68 Addition - 1967 delinquent taxes 350.46 _ $2/293.14 Deductions Collected in 1967 $368.90 - Unremittoa Li tA,....Ly at. 32 ai_&; _ 144.39 Total Deductions 513.29 Balance December 31, 1967 $1,77905 34 CITY OF HOPKINS, MINNESOTA BOND RETIREMENT FUND ANALYSIS OF CHANGES IN DEFERRED1967 TAXES RECEIVABLE For the year ending Balance January 1, 1967 $ 57,800.00 Deductions 2 23, 49.54 Remitted from the County $23,249.54 To Delinquent Taxes Receivable - 1967 23,600.00 Total Deductions - Balance December 31, 1967 $ 34,200.00 BOND RETIREMENT FUND ANALYSIS OF CHANGES IN BONDS AND INTEREST PAYABLE For the year ending December 31, 1967 Bonds Pa ay b1e $ 419,000.00 Balance January 1, 196E 900,000.00 Add: Water Bond issue of 6-1-67 $1,319,000.00 Deduct: Payments to Fiscal Agents 67,000.00 Balance December 31, 1967 $1,252,000. 0 Interest Payable 461,8 0.00 Balance January 1, 1967 $ 66,849.00 Add: Water Bond issue of 6-1-67 $ 528,079.0020 Deduct: Payments to Fiscal Agents 30,081.00 Balance December 31, 1967 $ 497,998.00 35 CITY OF HOPKINS, MINNESOTA BOND RETIREMENT FUND STATEMENT OF BONDS AND INTEREST PAYABLE, REQUIRED RESERVES For the year ending December 31, 1967 Water P.I.R. Sewerage P.I.R. Issue 6-1=67 6-1-57 9=1=58 4-1464 Totals Funds to be Provided for: Bonds Payable $ 900,000.00 $401000.00 $121000.00 $300,000.00 $112521000.00 Interest Payable 443,070.00 1,640.00 408.00 52,880.00 497,998.00 Required Reserves Uncollectible Taxes 1968 1,570.00 1,570.00 Amounts Due from Sewer Utility Fund 1968 620.40 620.40 Total Funds to Be Provided $1,343,070.00 $43,210.00 $13,028.40 $352,880.00 $1,752, 188.40 Funds to be Provided by: Deferred taxes Receivable 1968 $221300.00 $ 22,800.00 1969 11,400.00 11,400.00 Due from Other Funds Permanent Improvement Revolving Fund (Note 1) $352,880.00 352,880.00 Sewer Utility Fund (Note 1) $13,028.40 13,028.40 Water Utility Fund 1,343,070.00 1,343,070.00 Reserve for Retirement of Bonds and Interest 9.010.00 9'010.00 Total Amount to Be Provided $1343,070.00 $43,210.00 $13,028.40 $352,880.00 $1,752,188.40 Note 1: Payments to be made as needed for the retirement of Bonds and Interest 36 CITY OF HOPKINS; MINNESOTA TRUST AND AGENCY FUNDS CITY OF HOPKINS, MINNESOTA TRUST AND AGENCY FUNDS BALANCE SHEET DECEMBER 31, 1967 Assets Escrow Treasurer's Cash $ 430.83 Reserves Mountain Memorial $ 234.97 Police Employees 50.00 Recreation - Hockey 4.05 Recreation - Banquet 11.31 Kenneth Johnson 10.00 Synchronized Swim 120.50 Total Reserves $ 430.83 ESCROW FUNDS STATEMENT OF RECEIPTS AND EXPENDITURES For the year ending December 31, 1967 Balance - January 1, 1967 $1,801.02 Receipts: Lions Club $6,000.00 Recreation Banquet 1,074.00 Synchronized Swim 130.75 Total Receipts 7.204.75 $9,005.77 Expenditures: Contractual Services $1,414.07 Capital Outlay - Parks 6,000.00 - Driveway Repair 110.87 - Lot 750.00 - Basketball Jerseys 300.00 Total Expenditures 8,574.94 Balance - December 31, 1967 $ 430.83 37 CITY OF HOPKINS, MINNESOTA WATER UTILITY FUND CITY OF HOPKINS, MINNESOTA WATER UTILITY FUND _ BALANCE SHEET DECEMBER 31, 1967 ASSETS Cash $ 5,775.52 Treasurers Cash Deposited with Fiscal Agents 3,748.50 Change Fund 100.00 Temporary Investments 510,050.00 Accounts Receivable a Current 15,361.94 Accrued Interest Receivable 9,313.00 Inventories 6,966.42 Fixed Assets Land $ 8,947.39 Wells, Tanks, Mains 1,614,083.33 Meters 19,410.51 Equipment 20,603.20 Total Cost $1,663,044.43 Less: Accumulated Depreciation 380,353.76 Total Fixed Assets 1,282,690.67 To Be Provided For Bond Retirement 1,343,073.00 Total Assets $3, 177,076.05 LIABILITIES, RESERVES, AND SURPLUS Liabilities Accounts Payable $ 55,315.67 Matured Bonds and Interest Payable 3,748.50 Sales Tax Payable 347.88 Bonds Payable 199,000.00 Interest Payable 34,669.50 Due to Other Funds m Bond Retirement 1,342,250.00 Total Liabilities $1,635,331.55 Reserves Deposits $ 170.00 Change Fund 100.00 Inventory 6,966.42 Water Facility Improvement 242,135.09 Sinking Fund - Water Revenue Bonds 74,200.00 Total Reserves $ 323,571.51 Surplus Customer Contributions & Investment in Fixed Assets $1,049,021.17 Current Surplus 169,151.82_ Total Surplus $1218,172.99 Total Liabilities, Reserves, and Surplus $3,177,076.05 CITY OF HOPKINS, MINNESOTA WATER UTILITY FUND ANALYSIS OF CHANGE IN SURPLUS For the year ending December 31, 1967 Current Surplus Balance m January 1, 1967 $ 195,347.81 Additions: Net Income m Page 40 $ 36,871.39 Depreciation charge to Investment in Fixed Assets 35,750.09 Bond expenditures in 1966 19,773.92 Account payable from 1964 3000.00 95,395.40 $ 290,743.21 Deductions: Fixed assets from Current Years Revenue Recorded in Investment in Fixed Assets $ 9,352.11 Revenue Bonds Retired in Investment in Fixed Assets 29,886.00 - Inventory Adjustment 141.56 Transfer to Reserve for Water Facility Improvements 7,911.72 Transfer to Water Bond Sinking Fund Reserve 74,200.00 Adjust Fixed Assets and Investment in Fixed Assets 100.00 121,591.39 Balance o December 31, 1967 $ 169, 151.82 Customer Contributions and Investment in Fixed Assets Balance a January 1, 1967 $1,042,782.56 Additions: Acquisition of Fixed Assets Through Year's Revenue $ 9,352. 11 Utilities Investment in Fixed Assets By Bond Retirement 29,886.00 Customer Contributions Through Special Assessment 2,750.59 Total Additions 41,988.70 $1,084,771.26 Deductions: Allowance for Depreciation Charged This Year 35,750.09 -- Balance ® December 31, 1967 $1,049,021.17 39 CITY OF HOPKINS, MINNESOTA WATER UTILITY FUND STATEMENT OF INCOME AHD EXPENSE For the year ending December 31, 1967 Operating Revenue Water Sales $187,082.19 Less: Transfer to Sewer Fund 28,062.33 $159,019.86 Customer Services 1,023.23 Total Operating Revenue $160,043.09 Less: Operating Expenses Administration and General Personal Services $ 6,798.91 Contractual Services = Bond Sales 4,900.00 Contractual Services 3,034.22 Commodities 751.97 Other Charges 7,335.64 Transfers 17,500.00 $ 40,320.74 Pumps and Wells Personal Services $ 8,431.59 Contractual Services 16,205.81 Commodities 2,903.13 27,540.53 Distribution System Personal Services $ 17, 169.68 Contractual Services 5,208.35 22,378. 3 Total Operating Expenses $ 90,239.30 Depreciation 35,750.09 Interest Expense 18, 160.00 Total Operating Revenue Deductions 144 149.39 Operating Income $ 15,893.70 Adel: Non-Operating Income Income From Investments 20,977.69 Net Income - Page 39 $ 36,871.39 40 CITY OF HOPKINS, MINNESOTA WATER UTILITY FUND SUMMARY STATEMENT OF FIXED ASSETS AND ACCUMULATED DEPRECIATION For the year ending December 31, 1967 FIXED ASSETS Balance Balance Jan. 1, 1967 Additions Deductions Dec.31, 1967 Land $ 5,355.20 $ 3,592.19 $ 8,947.39 Wells, Tanks, Mains 1,610,250.57 3,832.76 1,614,083.33 Meters 16,593.05 2,817.46 19,410.51 Equipment 18,842.91 1,860.29 $ 100.00 20,603.20 $1,651,041.73 $12, 102.70 $ 100.00 $1,663,044.43 ACCUMULATED DEPRECIATION Wells, Tanks, Mains $ 327,241.20 $32,243.33 $ 359,484.53 Meters 7,585.19 1,800.17 9,355.36 Equipment 9,777.28 1,706.59 11,483.87 $ 344,603.67 $35,750.09 $ 380,353.76 41 CITY OF HOPKINS, MINNESOTA SEWER UTILITY FUND CITY OF HOPKINS, MINNESOTA SEWER UTILITY FUND BALANCE SHEET December 31, 1967 ASSETS Current Assets Cash Treasurer's Cash $ 11,927.01 Deposited with the Bond Retirement Fund 6,729.40 Temporary Investments 59,542.50 Accounts Receivable - Current 8,839.19 Fixed Assets Pumps and Mains $1,603,216.43 Equipment 27,870.69 Total Cost $1,631,087.12 Less: Accumulated Depreciation 441,531.64 Total Fixed Assets 1, 189,555.48 Total Assets $1,276,593.58 LIABILITIES, RESERVES AND SURPLUS Current Liabilities Accounts Payable $ 12,545.36 Due to the Bond Retirement Fund 13,028.40 Total Liabilities $ 25,573.76 Surplus Customer Contributions and Investment in Fixed Assets $1, 176,527.08 Current Surplus 74,492.74 Total Surplus $1,251,019.82 Total Liabilities, Reserves and Surplus 51,276,593.58 42 CITY OF HOPKINS, MINNESOTA SEWER UTILITY FUND ANALYSIS OF CHANGE IN SURPLUS For the year ending December 31, 1967 Current Surplus Balance m January 1, 1967 $ 80,930.53 Additions Depreciation Charge to Investment in Fixed Assets 42,366.81 $ 123,297.34 Deductions Net Loss - Page 44 $22,482.74 Fixed Assets from Current Years Revenue Recorded in Investment In Fixed Assets 13,505.86 Utilities Equity Invested in Fixed Assets by: Transfer in Inventory 12,816.00 48 804.60 Balance December 31, 1967 $ 74,492.74 Customer Contributions and Investment in Fixed Assets Balance = January 1, 1967 $1,189,769.69 Additions Acquisition of Fixed Assets Through Current Years Revenue $13,505.86 Utilities Equity Invested in Fixed Assets by: Transfer to Bond Retirement Fund 13,456.80 Customers Contribution Through Special Assessments 2, 161.54 Total Additions 29,124.20 $1,218,893.89 Deductions Allowance for Depreciation Charged This Year 42,366.81 Balance December 31, 1967 $1,176,527.08 43 CITY OF HOPKINS, MINNESOTA SEWER UTILITY FUND STATEMENT OF INCOME AND EXPENSE For the year ending December 31, 1967 Operating Revenues Customer Service Charges $ 99,906.81 Water Utility Fund Transfer 28,062.33 Connection Charges 1,550.00 Miscellaneous Revenue 550.00 Total Operating Revenues $130,069.14 Less: Operating Expenses Administration and General Personal Services $ 4,870.82 Contractual Services 2,657.78 Commodities 605.47 Other Charges 3,234.17 Transfers 16,500.00 $ 27,868.24 Lift Stations Personal Services $12,383.24 Contractual Services 7,685.85 Commodities 1,997.51 22,066.60 Mains and Disposal Personal Services $ 4,223.54 Contractual Services 55,550.49 Commodities 1,430.70 61,204.73 Total Operating Expenses $111, 139.57 _ Depreciation 42,366.81 Total Operating Revenue Deductions 153,506.38 Operating Income (Loss) $(23,437.24) Add: Non Operating Revenue - Income From Investments 954.50 Net Income (Loss) (To Page 43 ) $(22,482.74) 44 CITY OF HOPKINS, MINNESOTA SEWER UTILITY FUND SUMMARY STATEMENT OF FIXED ASSETS AND ACCUMULATED DEPRECIATION For the year ending December 31, 1967 Fixed Assets Balance Balance Jan. 1, 1967 Additions Deductions Dec. 31, 1967 Pumps and Mains $1,587,704.03 $15,512.40 $1,603,216.43 Equipment 27,715.69 155.00 27,870.69 $1,615,419.72 $15,667.40 — $1,631,087.12 Accumulated Depreciation Pumps and Mains $ 386,623.12 $40,080.41 $ 426,703.53 Equipment 12,541.71 2,236.40 14,828.11 $ 399, 164.8342,366.81 45 y PJrcnt4hd0 rt 0 v' 0 Oho v' 0 1 P3-' N 11 n` r tx1 O cn t-+ (DD 0 K 0 rD 0 i 0' n 0 w N rt I- n Co ~ 0 r• N ( p t-+ > 0 N 0 H. ) O rt 'B K n fn P--+ D H 0 Irt mo'• �' 11 X 9'' f2' Q K CD O � "C CD (D M MJ 0 03 0 K m (D rt x' rt K d W a 01 Cl) m (D (D rr H (D (D cp murt) 'TJ nt m a X• Cl) — C rD oa N N Ni .0' Ni V W (r, 10HCo V U7 COO, V 00 CO N W H N O H Co In V U, O �V V 00 LPSo y 0 V O Ni .P t0 '. S. v O ..4 In O NO000 0 NUzlJO' .N In W 0 Nv .> p, hj A OO' Os W rsy O I-, V CON .> U, 0 O 01/4 t1/4) 0 H 0 • • . • • • • K Co . • • • • K Co 4.0 0' W -N V V Ni rt H t0 NCO W ft 0› tz.0 VI — (D 1'42 i-4V Ni r-, I-, i-,-Ca mo-+ PD -4o C 0 I, V Co K K hi •. 'It4 C t c O, O O V V 0 0 (D �iy '.� I-' W Ni O, O 0, a• '< LTJ DO 0 f.'-' 47 �d • • • 0 z r. 7C Ni 0 0 N V o C17 OO C4 Z d 2 d CN 'tri rf p ',,, U'i In In C4 (D H H d\ '1 K fD V CO V0 00 n K C K C1 pto 0> O X000 W r0'! 1/4. CO Co W r3- CO .• COto a 0 000 w0 00 0 l,C / ) U ✓ 1co co v lin �' v N N.) -Col5 00 UK W , Ni V lh. el, O C 0- k. V %a (D (D In WOH a 0' 0 ,-.1 co (D Ni 0 O' In 0 . . rt ON O W 0) O` V 0 '0 0 1 0 tn. -Co. to N i- CIJ In V N Ln I-+ N U, 0 O' CO V Cl' r+ 0 G Y '. S. \. '. '. 1.1• Ni V O W W CO O 00 ►-' 1a00vtn 5 I-, V 10 O -N W (D • . • • M I-+ Ni U, O U, h..) rt Ni W W O V W 46 CITY OF HOPKINS, MINNESOTA C OMB INED SECT ION CITY OF HOPKINS, MINNESOTA COMBINED BALANCE SHEET o ALL FUNDS December 31, 1967 General Permanent And Special Improvement Total Revenue Revolving Treasurer's Cash $ 57,227.38 $ 5,928.91 $ (1,942.01) Imprest Cash 305.00 205.00 Cash with Fiscal Agents 37 370.50 Deposits with Other Funds 6,729.40 Temporary Investments 870,420.60 174,618.25 126,209.85 Accounts Receivable 48,504.24 24,303.11 Taxes Receivable Deferred 34, 200.00 Delinquent 21,272.62 19,348.38 Special Assessments Receivable Deferred 1, 140,381.75 1,093,685.16 Delinquent 13,475.98 12, 180.14 Accrued Interest Receivable 9,313.00 Due from Other Funds 1,758,452.39 34, 117.55 15,953.30 Funds on Deposit With The State 20,881.71 20,881.71 Inventories 19,012.08 12,045.66 Authorized Construction to Be Assessed 514,516.18 514,516.18 Amounts to be Provided For Construction Costs 38,923.09 33, 177.18 5,745.91 Amounts to be Provided For _ Debt Retirement 1,425,580.00 82,510.00 Prepaid Expenditures 1,206.87 1,206.87 Fixed Assets (Net) 7,259,286.64 Total Assets $13,277,059.43 $408,342.62 $1,766,348.53 47 Special Bond Trust and Water Sewer General Assessments Retirement Agency Utility Utility Fixed Assets $(23,334.42) $ 58,441.54 $430.83 $ 5,775.52 $ 11,927.01 $ 100.00 2,234.00 31,388.00 3,748.50 6,729.40 510,050.00 59,542.50 15,361.94 8,839.19 34,200.00 1,924.24 46,696.59 1,295.84 9,313.00 223.14 1,708, 158.40 6,966.42 1,343,070.00 1,282,690.67 1, 189,555.48 4,787,040.49 27, 115.15 $1,834, 112.18 ,430.83 $3, 177,076.05 $1,276,593.58 $4,787,040.49 48 CITY OF HOPKINS, MINNESOTA COMBINED BALANCE SHEET a ALL FUNDS December 31, 1967 General Permanent Liabilities, Reserves, and Special Improvement and Surplus Total Revenue Revolving Liabilities: Accounts Payable $ 102,541.72 $ 33,068.17 $ 1,612.52 Matured Bonds and Int. Payable 37,370.50 Due to Other Funds 1,758,452.39 15,953.20 353, 103.14 Due on Contracts for Deed 66,556.70 66,556.70 Interest Payable 534,335.50 Bonds Payable 1,465,000.00 Sales Tax Payable 347.88 Total Liabilities $ 3,964,604.69 $115,578.17 $ 354.715.66 Reserves: Encumbrances $ 171,420.90 $171,420.90 Prepaid Revenues 24,286.00 24,286.00 Imprest Caah 305.00 205.00 Inventories 19,012.08 12,045.66 Uncollectables 2,320.00 750.00 Delinquent Taxes Receivable 3,028.82 Delinquent Assessments Receivable 25,088.36 14,867.82 10,220.54 Funds on Deposit with The State 20,881.71 20,881.71 Unexpended Appropriations 581,605.34 1,729.88 337,740.37 Retirement of Bonds and Interest 83,210.00 Due from Other Funds 620.40 Funds in Trust 7,330.23 Total Reserves $ 939, 108.84 $246, 186.97 $ 3 +7,960.91 Surplus: Fund Principal $ 830,000.00 $ $ 830,000.00 -- Investment in Fixed Assets 7,012,588.74 Current Surplus 243,644.56 Unappropriated Surplus 287, 112.60 46,577.48 233,671.96 Total Surplus $ 8,373,345.90 $ 46,577.48 $1,063,671.96 Total Liabilities, Reserves and Surplus $13,277,059.43 $408,342.62 $1,766,348.53 49. Special -Bond Trust and Water Sewer General Assessment Retirement Agency Utility Utility Fixed Assets $ $ $ 55,315.67 $ 12,545.36 2,234.00 31,388.00 3,748.50 4,958.34 29, 159.21� 1,342,250.00 13,028.40 1,668.00 497,998.00 34 669.50 14,000.00 1 252 000.00 > > 199,000.00 347.88 .22,860.34 $1,810,545.21 $1,635,331.55 $ 25,573.76 $ $ $ 100.00 6,:66.42 1,570.00 1,248.97 1,779.85 242, 135.09 — 9,010.00 74,200.00 620.40 6,729.40 430.83 170.00 $ 1,248.97 $ 19,709.65 $430.83 323,571.51 $1,049,021.17 $111761527.08 $4,787,040.49 169, 151.82 74,492.74 3,005.84 3,857.32 $3,005.84 $ 3,857.32 $1,218, 172.99 $1,251,019.82 $4,787,040.49 $27, 115.15 $1,834112.18 $430.83 $3,177 076.05 ,�_ $1,276,593.58 $4,7304o.49 50 CITY OF HOPKINS, MINNESOTA STATEMENT OF INVESTMENTS BY FUNDS For the year ending December 31, 1967 Cost Plus Fund Accrued Discounts General Fund $174,618.25 Water Utility Fund 510,050.00 Permanent Improvement Revolving 12b 209.85 Sewer Utility 59,542.50 Total All bunds $870,420.60 51 CITY OF HOPKINS, MINNESOTA STATEMENT OF CHANGES IN BONDS AND INTEREST PAYABLE ALL FUNDS For the year ending December 31, 1967 Balance Balance Jan. 1, 1967 Issued Retired Dec. 31, 1967 Bonds Payable Special Assessment $ 17,000.00 $ 3,000.00 $ 14,000.00 General Bonds 419,000.00 $9001000.00 67,000.00 1,252,000.00 Water Revenue 221,000.00 22,000.00 199,000.00 Totals $657,000.00 $900,000.00 $92,000.00 $1,465,000.00 Interest Payable Special Assessment $ 2, 160.00 $ 492.00 $ 1,668.00 General Bonds 66,849.00 $461,230.00 30,081.00 497,998.00 Water Revenue 42,555.50 7,886.00 34,669.50 Totals $111,564.50 $461230.00 $38,459.00 $ 534,335.50 52 CITY OF HOPKINS, MINNESOTA STATEMENT OF BANK BALANCE AND SECURITY FOR DEPOSITS DECEMBER 31, 1967 First National Bank of Hopkins, Minnesota Balance on Deposit $ 54,059.14 Security Deposits U. S. Treasury Bonds 4.257. due 5-15-74 $200,000.00 Pittsburgh Pennsylvania Municipal Bonds 3.375% due 12-1-78 40,000.00 Cook, Illinois School Bond 3% due 12-1-78 20,000.00 Deerfield, Illinois School Bonds 3.30% due 12-1-78 20,000.00 Prince Georges, Maryland County Bonds 5% due 3-1-77 20,000.00 Federal Deposit Insurance Corporation 15,000.00 Total Security for Deposit $315,000.00 Northwestern National Bank of Hopkins, Minnesota Balance on Deposit (1) $441,853.08 Security Deposits U.S. Treasury Notes Ser B 4 3/4% due 5-15-68 $100,000.00 U.S. Treasury Notes Ser C 4 1/4% due 8-15-68 200,000.00 U.S. Treasury Bonds 4% due 8-15-72 100,000.00 Eastern Montana College Educ. Bldg. Fee 3 3/4% due 7-1-83 30,000.00 Grant County Wash Public Util. Dist. 2 3 3/8% due 1-1-81 25,000.00 Lake Tahoe, Calif. Unif. School Dist.Ser. W. 5% due 1-1-72 25,000.00 Wadena Tood Counties Minn. I.S.D. 818 3.70% due 1-1-82 25,000.00 Cape Canaveral, Fla. San. Sewer Rev. 4 1/4% due 2-1-82 25,000.00 Clark County Nevada School District 3.60% due 2-1-77 25,000.00 Golden Valley, Minn. Imp. Bond 3 1/2% due 2-1-76 25,000.00 McLeod, Renville, Meeker Counties, Minn. 3.90% due 3-1-82 30,000.00 Bloomington, Minn. I.S.D. 423 Perm Imp Revlv Ser 7 4.20% due 4-1-74 25,000.00 Sunnyvale,Calif. Munic. Imp.Bond Ser A 3 1/2% due 10-1-77 20,000.00 Wayne County, Mich., Met Wtr Supply Bond Ser 2 3 1/2% due 4-1-93 25,000.00 Wayne County, Mich., Met Swge Disp Bonds Ser 3 3 5/8% due 4-1-94 25,000.00 Cabrillo, Calif. Unif. School Dist. Ser B 3.80% due 11-1-88 55,000.00 Kittson County, Minn. Cothse Bond 3 1/2% due 5-1-81 25,000.00 Chula Vista, Calif. Golf Course 3.80% due 12-15-91 45,000.00 Las Vegas, Nev. Off Street Parking Rev. 4 1/4% due 2-1-79 25,000.-00 Federal Deposit Insurance Corporation 30.000.00 Total Security for Deposit $885,000.00 (1) Includes certificates of deposit 53 CITY OF HOPKINS, MINNESOTA BONDS AND INTEREST PAYABLE-ALL FUNDS DECEMBER 31, 1967 Bond Retirement (G.O. Bond) Fund Year of Sewer Description Maturit- Im'rovement Revolvin: Fund Revenue Date of Issue 6-1-67 6-1-57 4=1-64 9-1-58 Date of Maturity 12-1 6-1 4-1 9-1 Bonds Authorized & Issued 900,000.00 200,000.00 400,000.00 125,000.00 Interest 4.207. to 1973 4.10% 2.60% to 1971 3.40% 3.90% to 1977 2.90% to 1976 4.00% to 1985 3.10% to 1980 4.10% to 1988 3.20% Bonds Payable 1968 15,000.00 20,000.00 35,000.00 12,000.00 1969 20,000.00 20,000.00 35/000.00 1970 30,000.00 35,000.00 1971 35,000.00 20,000.00 1972 40,000.00 20,000.00 1973 40,000.00 20,000.00 1974 40,000.00 20,000.00 1975 40,000.00 20,000.00 1976 40,000.00 20,000.00 1977 50,000.00 20,000.00 1978 50,000.00 20,000.00 1979 50,000.00 10,000.00 1980-84 250,000.00 (d) 25,000.00 (d) 1985-88 200,000.00 (d) - Total Bonds Payable 900,000.00 40,000.00 300,000.00 12 000.00 Note (c) Note (b Interest Payable 1968 36,320.00 1,230.00 8, 145.00 408.00 1969 35,690.00 410.00 7,235.00 1970 34,850.00 6,325.00 1971 33,590.00 5,580.00 1972 32, 120.00 5,000.00 1973 30,440.00 4,420.00 1974 28,880.00 30840.00 1975 27,320.00 3,260.00 1976 25,760.00 2,660.00 1977 24,200.00 2/040.00 1978 22,200.00 1,420.00 1979 20,200.00 955.00 1980 18,200.00 720.00 1981 16,200.00 560.00 1982 14,200.00 400.00 1983 12,200.00 240.00 1984 10,200.00 80.00 1985 8,200.00 1986 6, 150.00 1987 4,100.00 1988 2,050.00 Total Interest Payable 3.070.00 1.640.00 52,_880.00 408.00_ (a) Payment due January 1, 1966 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. (d) Equal annual installments. Special Assessment Water Utility Fund Total All Improvement Improvement Revenue Revenue Funds 11--1-47 6-1-54 6-1-54 6-1-57 14 12-1 6-1 6-1 35,000.00 275,000.00 225,000.00 200,000.00 1,680,000.00 2.407. 2.80% to 1970 2.50% to 1966 4.00% to 1966 3.00% 2.90% to 1973 4.30% to 1971 3.00/. 4.50% (a) 2,000.00 12,000.00 10,000.00 106,000.00 2,000.00 12,000.00 10,000.00 99,000.00 _ 2,000.00 13,000.00 10,000.00 90,000.00 2,000.00 13,000.00 10,000.00 80,000.00 2,000.00 13,000.00 10,000.00 85,000.00 2,000.00 13,000.00 10,000.00 85,000.00 2,000.00 13,000.00 10,000.00 85,000.00 20,000.00 80,000.00 20,000.00 80,000.00 — 70,000.00 70,000.00 60,000.00 _ 275,000.00 200,000.00 14,000.00 89,000.00 110,000.00 1,465,000.00 — (a) 412.00 2,433.00 4,675.00 53,623.00 356.00 2,085.00 4,245.00 50,021.00 300.00 1,722.50 3,815.00 47,012.50 — 240.00 1,345.50 3,375.00 44, 130.50 180.00 968.50 2,925.00 41,193.50 120.00 585.00 2,475.00 38,040.00 60.00 195.00 2,025.00 35,000.00 1,350.00 31,930.00 450.00 28,870.00 — 26,240.00 23,620.00 21, 155.00 18,920.00 16,760.00 14,600.00 12,440.00 10,280.00 8,200.00 6,150.00 4, 100.00 2,050.00 -0. ____ 1.668.00 9,334.50 25,335.00 534,335.50 CITY OF HOPKINS, MINNESOTA STATISTICAL SECTION CITY OF HOPKINS2 MINNESOTA INSURANCE IN FORCE December 312 1967 FIRE AND EXTENDED COVERAGE,_ , & 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: $8662900 Total Value of Contents: $349,500 Carrier: Fire and Casualty Company of Connecticut 1967 Premium: $12369.00 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 1967 Premium: $24.00 FLEET LIABILITY INSURANCE Comprehensive Automobile Liability Collission on cars - A.C.V. less 150.00 deductible 1 year policy expiring: 4/3/68 100/300/50 Liability Carrier: General Auto Liability Insurance Company 1967 Premium: $32680.00 WORKMEN'S COMPENSATION Statutory Coverage �. 1 year policy expiring: 1/1/68 Carrier: Federated Insurance 1967 Premium: $10,290.00 LANDLORDS AND TENANTS LIABILITY Bodily Injury and Property Damage 100/300/50 3 year policy expiring: 1/10/69 Carrier: Gladwin, Inc. 1967 Premium: $19.00 BOILER EXPLOSION Municipal Building and Public Library $250,000 3 year policy expiring: 12/16/70 Carrier: Hartford Steam Boiler Inspection and Insurance Company 1967 Premium: $119.00 56 FLOWER DISPLAY LIABILITY Bodily Injury and Property Damage 100/300/50 1 year policy expiring: 9/25/68 Carrier: Great Northern Insurance Company 1967 Premium: 101.00 VOLUNTEER FIREMEN'S ACCIDENT POLICY Accident and Indemnity $5,000 maximum 1 year policy expiring: 6/6/68 Carrier: Reliance Insurance Company 1967 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: 6/19/68 Annual Premium: 10.00 each John M. Erickson Richard J. Rynders Expiration date: 6/4/68 Annual Premium: 10.00 John D. Frane Expiration date: 1/4/68 Annual Premium: 10.00 William R. Thompson NOTARY PUBLIC BONDS Carrier: Western Security Company Expiration date: 12/13/74 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: 1/1/68 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 Expiration date: 1/1/68 Annual Premium: 138.29 Various Employees of the City $2,500.00 57 CITY OF HOPKINS, MINNESOTA City Officials 1967 Term Expires Mayor John F. Hanley 6-30-69 Councilmen: Paul R. Lund 6-30-69 Henry Pokorny Jr. 6-30-69 Warner Blake 6-30.71 Robert P. Harriman 6-30-71 _ 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 6-30-69 William Proetz 6-30-69 Mrs. Albert Grondahl 6-30-68 Henry Pokorny Jr. 6-30-68 Mrs. Floyd Alcott 6-30-69 Library Board Mary L. Sprague 6-30-69 Leone Wilwerding 6-30-68 Evelyn Peterson 6-30-69 Hugh W. Firmage 6-30-69 Joseph C. Vesely 6-30-68 Mrs. Orrin M. Norberg 6-30-69 Robert Harriman 6-30-68 58 CITY OF HOPKINS) MINNESOTA City Officials (continued) Term Expires Police Civil Service Commission: Robert Geltman 6-30-69 Howard Marker 6-30-69 Cecil Klo^s 6-30-69 Recreation Commission: Earl Dahlberg 6-30-68 Edward Mason 6-30-68 Mrs. Peter Throdahl 6-30-68 Mrs. Phil Hovander 6-30-68 Warner Blake 6-30-69 Eugene Reilly 6-30-69 Zoning & Planning Commission: Robert Heiland 6-30-69 Paul Lund 6-30-68 Joseph Hussey 6-30-69 Paul Lohman 6-30-63 Guy McDonald 6-30-68 Dr. A. H. Malerich Jr. 6-30-68 Jerre Miller 6-30-68 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: Daniel Ventres Glen M. Lewis Erwin L. Smetana _ Mrs. Marjorie Schmitz Maurice A. Hessian Prof. Henry H. Wade Otto Japs Dr. Frank J. Kucera Robert Geltman S. C. Gustafson John C. Zajicek Mrs. Mildred Lewis Mrs. Mary Maetzold 59 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, 1928. 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 census reports, was as follows: Year Population 1920 3,055 1930 3,834 1940 4, 100 1950 7,595 1960 11,380 1965 12,187 60