1968 City of Hopkins, MN Annual Financial Report CITY OF HOPKINS, MINNESOTA
FINANCIAL STATEMENTS
YEAR ENDED DECEMBER 31, 1968
INDEX
Explanatory Comments I, II, III, IV, V, VI
Auditors Letter 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 Assessments Receivable 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
Analysis of Changes in Bonds and Interest Payable 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 $ 39,135.50
This money is on deposit with fiscal agents for the purpose
of redeeming bonds and coupons which are currently due and
have not 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. Since payments have been completed on this issue
the deposit should be returned to the Sewer Fund.
TEMPORARY INVESTMENTS $872,266.00
Funds were invested in the following:
General Fund:
$80,000.00 U.S. Treasury Bills, due 6/23/69 $ 77,938.47*
Northwestern National Bank time certificate,
dated 7/18/68 for 180 days @ 6 1/4% 50,000.00
Northwestern National Bank time certificate,
dated 8/14/68 for 9 months @ 6% 175,000.00
$302,938.47
Permanent Improvement Revolving Fund:
$220,000.00 U.S. Treasury Bills, due 6/23/69 214,327.53*
Water Utility Fund:
Northwestern National Bank time certificate,
dated 11/13/68 for 90 days @ 6% 285,000.00
Sewer Utility Fund:
Northwestern National Bank time certificate,
dated 7/18/68 for 180 days @ 6 1/4% 70,000.00
Total $872,266.00
ACCOUNTS RECEIVABLE $ 73,537.14
General Fund:
Village of Minnetonka o Joint Recreation
Program $ 38,983.00
_ Allied Mutual Insurance Company 3,776.19
Hennepin County - Fines 3,386.00
Hennepin County m Taxes unremitted at 12/31/68 2,303.84
Miscellaneous smaller amounts 4,869.04
$ 53,318.07
* Shown at cost plus earned discount to 12/31/68.
I
ACCOUNTS RECEIVABLE - (Continued) $ 73,537.14
Utility Funds:
Amounts due from customers $ 19,799.07
Other 420.00
$ 20,219.07
Total $ 73,537.14
TAXES RECEIVABLE - DEFERRED $ 11,400.00
The City must levy this amount for the retirement
of the P. I. R. Funding bonds of 6/1/57.
TAXES RECEIVABLE - DELINQUENT $ 16,834.76
— Represents past levy's uncollected at 12/31/68
SPECIAL ASSESSMENTS - DEFERRED $1,055,583.60
Total amount of assessments due in the future in
the P. I. R. Fund until 1988 and in the Special
Assessments Fund until 1975.
SPECIAL ASSESSMENTS - DELINQUENT $ 20,132.98
Past levy's uncollected at 12/31/68
- DUE FROM OTHER FUNDS $1,644,460.72
P. I. R. Fund:
Due from General Fund as a temporary transfer $ 23,298.60
Special Assessments Fund:
Due from General Fund unused library
construction funds previously transferred
from the S. A. Fund. $ 12,795.76
Bond Retirement Fund:
- Due from Water Utility Fund for bond
revenue issue of 6/1/67 $1,291,750.00
Due from P. I. R. Fund for the municipal
building bond issue of 4/1/64 313,580.00
Due from General Fund as a temporary transfer 3,036.36
$1,608,366.36
Total $1,644,460.72
FUNDS ON DEPOSIT WITH THE STATE $ 4,084.89
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 $ 34,857.20
P. I. R. Fund:
City's portion of projects # 823,24,25,26,
828,29, & 34 $ 34,857.20
II
AMOUNTS TO BE PROVIDED FOR DEBT RETIREMENT $1,354,960.00
General Fund:
Contract for Deed - Landfill property $ 63,210.00
Water Utility Fund:
Revenue bond issue of 6/1/67 1,291,750.00
Total $1,354,960.00
PREPAID EXPENDITURES $ 57,109.43
Park Board expenditures $ 56 871.43
Insurance Bonds 238.00
Total $ 57,109.43
FIXED ASSETS $8,574,894.16
_ General fixed assets are shown at cost. Fixed assets —'
in the Utility Funds are shown at cost less depreciation.
ACCOUNTS PAYABLE $ 106,069.51
General Fund:
Electric Service = retainage on contract $ 3,281.20
Day Camp 456.05
Funds in escrow 2,350.23
Other Payables 20,814.95
$ 26,902.43
P. I. R. Fund:
Contractor retainage on construction
projects $ 11,392.68
Water Utility Fund:
Contractor retainage on water tank
construction $ 43,499.80
Other Payables 5,391.88
$ 48,891.68
Sewer Utility Fund:
Contractor retainage on construction
projects $ 901.70
Other Payable 17,981.02
$ 18,882.72
Total $ 106,069.51
MATURED BONDS AND INTEREST PAYABLE $ 39,135.50
Are presently due and payable from the cash deposited
with the fiscal agents as shown under the caption
assets.
DUE TO OTHER FUNDS $1,644,460.72
See Due from Other Funds previously commented upon.
T III
DUE ON CONTRACTS FOR DEED $ 39,911.40
Balance due on Feltl property purchase.
INTEREST PAYABLE $ 480,712.50
BONDS PAYABLE $1,359,000.00
See Statement of Bonds and Interest Payable
— All Funds for details.
RESERVE FOR ENCUMBRANCES $ 208,121.77
The following amounts have been reserved for
future expenditures:
Ordinance Codification $ 4,000.00
Fire Truck 45,000.00
F.B.I. Academy Fee 351.00
_ Radio Equipment 475.00
Storm Sewers 137,313.53
Street Department Equipment 6,378.24
Parks 4,802.77
— Concrete Alleys 7,244.69
Others T 2,556.54
Total $208,121.77
UNEXPENDED APPROPRIATIONS $ 457,906.23
General Fund:
Muncipal State Aid $ 21,196.52
P. I. R. Fund:
See Statement of Appropriations,
Expenditures and Amounts 421,077.75
Water, Fund:
Water Facility Improvements 15,631.96
Total $457,906.23
GENERAL FUND
Total actual revenue for the year 1968 equaled $1,100,787.20 which
exceeded estimates by $9,442.20. Expenditures and encumbrances
totaled $1,274,975.92 exceeding authorizations by $12,210.02. The
_ change in the operating reserve (surplus) was small, decreasing
$3,246.82 as detailed in the financial statements section.
Approximately $15,000.00 is due to electrical inspector W. C. Whitney
as his share of the electrical permit fees collected 1y the City.
The amount due has accumulated from December, 1965 through 1968 and
has not been recorded on the books as a liability.
IV
PERMANENT IMPROVEMENT REVOLVING FUND
The current year construction expenditures amounted to $190,797.51,
projects completed and assessed totaled $98,438.41. Unappropriated
surplus increased $28,462.56 as detailed in the financial statements.
SPECIAL ASSESSMENT FUND
$17,754.10 of the $45,000.00 transferred in 1967 to the General Fund
to be used toward library construction was returned in 1968 as not
needed. This essentially is the reason for the increase in the
unappropriated surplus.
BOND RETIREMENT FUND
Details of the change in bond and interest indebtedness is shown in the
financial statement section.
Since, in 1967, $45,000.00 was also transferred from this Fund to be used
toward library construction we would think that it should receive its
proportionate share of the unused library funds of $17,754.10 mentioned
above.
There is no significant change in the unappropriated surplus in 1968.
WATER UTILITY FUND
Due to a sharp increase in depreciation resulting from improvements to
water facilities and reflection of a full year's interest on the Water
Bond Issue of 6/1/67, the water utility operations resulted in a loss
for 1968 as summarized below:
Year Ended
1968 1967
Total Operating Revenues $164,952.85 $160,043.09
Total Operating Expenses 93,327.77 90,239.30
Total Income Before Depreciation 71,625.08 69,803.79
Depreciation 55,349.26 35,750.09
Wet Income After Depreciation 16,275.82 34,053.70
Non-Operating Income 19,111.68 20,977.69
Non-Operating Expenses 36,320.00 13, 160.00
Net Income (Loss) $ (932.50) $ 36,871.39
In 1967 $74, 200.00 was transferred from unappropriated surplus to meet
the Sinking Fund requirements as created by council resolution relative
to the Water Bond Issue of 6/1/67.
V
SEWER UTILITY FUND
A significant drop in expenditures for contracted services in 1968 resulted
in a substantial improvement in the Sewer Utility operations as condensed
below:
Year Ended
1968 1967
Total Operating Revenues $137,096.19 $130,069.14
Total Operating Expenses 91,041.18 111, 139.57
Net Income Before Depreciation 46,055.01 18,929.57
Depreciation 43,839.01 42,366.81
Net Income After Depreciation 2,216.00 (23,437.24)
Non..Operating Income 2,462.00 954.50
Net Income (Loss) $ 4,673.00 $(22,482.74)
CLAIMS AGAINST THE CITY
The following claims have been filed against the City and are outstanding
at December 31, 1968.
Date
Claimant Filed Injury Amount
Warren Hamilton 7 .28-67 Auto accident with fire truck 712.22
Larrie G. Heinzen 12-23-65 Injury from fall 15,000.00
Dr. Manuel Joffe 4- 5-67 Sewer back up 94.40
Neela Landquist 12. 2-65 Injury from fall 15,000.00
Elaine E. Roth 3-14-67 Injury from fall 908.00
Walter Rusch 7-12-67 Sewer back up 56.00
A. L. Feudner 11- 1468 Incorrect sewer connection
Larry R. Sullwood 4®12-68 Auto accident with police car
R. L. Podruch 11-11-68 Sewer back up 753.00
George Walls 9-30-68 Sewer back up 1,500.00
VI
HERBERT J. FLESHER & COMPANY
Certified Public Accountants
50 South Ninth Avenue
_ Hopkins, Minnesota
March 14, 1969
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, 1968. 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, 1968, 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.
-/
Certified Public Accountants
Date Field Work Completed: March 14, 1969
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 SPECIAL
REVENUE FUNDS
CITY OF HOPKINS, MINNESOTA
• GENERAL AND SPECIAL REVENUE FUNDS
BALANCE SHEET
December 31, 1968
ASSETS Total
Cash:
Treasurer's Cash $ (69,583.60) /
Imprest Cash 245.00'"
Temporary Investments 302,938.47°'
Accrued Interest Receivable 5,369.00'
Accounts Receivable 53,318.07✓ —
Taxes Receivable - Delinquent 14,867.82''
Funds On Deposit with the State 4,034.894'
Inventories 12,223.71v-
Prepaid Expenditures 57, 109.43
To Be Provided for Contracts for Deed — 63,210.00
. 1
Total Assets $4431,782.79
LIABILITIES, RESERVES AND SURPLUS .—
Liabilities:
Accounts Payable $ 26,902.43'
Due on Contracts for Deed 39,911.40'
Due to Other Funds 39, 130.72
Total Liabilities $105,994.55
Reserves:
Encumbrances $208, 121.77Y
Prepaid Revenue 32,704.50
Imprest Cash 245.00
Inventories 12,223.71
Uncollectible Accounts Receivable 750.00
Delinquent Taxes Receivable 14,067.32'
Funds on Deposit with the State 4,084.89
Unexpended Appropriations 21, 196.52 —
Total Reserves $294, 194.21
Unappropriated Surplus $ 43,644.03 '
Total Liabilities, Reserves,
and Surplus $443,782.79
1
CITY OF HOPKINS, MINNESOTA
Funds
State Aid
Beach Street
General Concession Construction
$(100,564.98) $9,784.86 $21,196.52
245.00
302,938.47
5,369.00
53,318.07
14,867.82
4,084.89
12,223.71
57,109.43
63,/210,00
$ 408,716.52 $9,784.86 $25,281.41
$ 26,902.43
39,911.40
39,130.72
$ 105,944.55
$ 208,121.77
32,704.50
245.00
12,223.71
750.00
14,867.82
$ 4,084.89
21,196.52
tr-
$ 268,912.80 -.--5x 281.41
33,859.17 $9,784,86
408,716.52 $9,784.86 V.5,2!_31.41
2
CITY OF HOPKINS, MINNESOTA
_ GENERAL FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
For the year ending December 31, 1968
Balance - January 1, 1968 $ 37,105.99
Additions:
Reserve for Encumbrances - January 1, 1968 $ 171,420.90
Revenues (Page 21) 1, 100,787.20 1,272,208.10
S1,309,314.09
Deductions:
Expenditures (Page 22) $1,066,854.15
Reserve for Encumbrances - December 31, 1968 208, 121.77
Adjustment to accounts payable 260.95
Adjust inventory to actual 218.05 1,275,454.92
Balance - December 31, 1968 $ 33,859.17
3
CITY OF HOPKINS, MINNESOTA
BEACH CONCESSION FUND
ANALYSIS OF CHANGE IN UNAPPROPRIATED SURPLUS
For the year ending December 31, 1968
Balance o January 1, 1968 $ 9,471.49
Additions:
Operating Income - Sales $6,928.40
Locker Rentals 17.00
Total Additions 6,945.40
$16,416.89
Deductions:
Operating Expenses
Personal Services $2,077.36
_ Contractual Services 289.07
Merchandise for Resale 4,265.60
Total Deductions 6,632.03
Balance - December 31, 1968 $ 9,784.86
/
f:
j \s"
"ciry
4
CITY OF HOPKINS, MINNESOTA
GENERAL FUND
STATEMENT OF REVENUE - ESTIMATED AND ACTUAL
For the year ending December 31, 1968
Increase
(Decrease)
of Actual Revenue
Estimated Actual Compared with
Revenue Revenue Estimated
General Property Taxes:
Current Ad Valorem $720,177.00 $709,106.70 $(11,070.30)
_ Delinquent Ad Valorem 4,000.00 2,854.61 (1,145.39)
Penalty and Int. on Delinquent Taxes 1,000.00 1,095.12 95.12
Total General Property Taxes $725, 177.00 $713,_056.43 $(12, 120.57)
Licenses and Permits:
Street Use Permits $ 726.00 $ 555.00 $ (171.00)
Business Licenses 31,640.00 32,906.00 1,266.00
— Non-business Licenses and Permits 17,500.00 20,907.98 3,407.98
Total Licenses and Permits $ 49,866.00 $ 54,368.98 $ 4,502.98
_ Fines and Forfeitures:
Court Fines $ 27,000.00 $ 27,869.00 $ 869.00
Forfeitures 400.00 40.00 (360.00)
Total Fines and Forfeitures $ 27,400.00 $ 27,909.00 $ 509.00
Revenue From Use of Money and Property:
Interest Earnings $ 8,000.00 $ 12,573.28 $ 4,573.28
Rents 1,200.00 2,140.00 940.00
Commissions 100.00 65.88 (34.12)
Total Revenue From Use of
Money and Property $ 9,300.00 $ 14,779.16 $ 5,479.16
Revenue From Other Agencies:
Shared State Taxes -
Per Capita From Sales Tax $ 65,810.00 $ 63,616.14 $ (2,193.86)
Liquor 18,158.00 18,036.76 (121.24)
Cigarettes 23,399.00 23,155.30 (243.70)
— Bank Excise 2,500.00 4,442.53 1,942.53
Mortx.;n,e Registry 3,000.00 3,930.10 930.1.0
St^ , Aid-Road Maintenance 11,160.00 10,920.00 (240W00)
McM Homes 2,400.00 2,685.48 2,.35.48
Tot r•.evenue From Other
%� - �s $126,427.00 $126,786.31 $ _ ' 9.31
5
CITY OF HOPKINS, MINNESOTA
GENERAL FUND
STATEMENT OF REVENUE - ESTIMATED AND ACTUAL
For the year ending December 31, 1968
Increase
(Decrease)
of Actual Revenue
Estimated Actual Compared with
Revenue Revenue Estimated
Charges for Current Services:
General Government $ 980.00 $ 1,084.15 $ 104.15
Public Safety 4,060.00 7,413.73 3,353.73
Libraries 2,000.00 2,655.13 655.13
Recreation 88, 135.00 90,202.57 2,067.57
Total Charges for Current
Services $ 95,175.00 1_12L,111 $6,180.58
Other Revenue $ 1,700.00 $ 3,763.97 $2,063.97
Transfers From Other Funds (Permanent)
Parking Meter $ 2,300.00 $ 2,205.00 $ (95.00)
_ Permanent Improvement Revolving 20,000.00 22,562.77 2,562.77
Water Utility 17,500.00 17,500.00 -
Sewer Utility 16,500.00 16,500.00
Total Transfers From Other Funds $ 56,300.00 $ 58,767.77 $2,467.77
Total Revenue (To Page 3 ) $1,091,345.00 $1,100,787.20 $9_„442.20
6
CITY OF HOPKINS, MINNESOTA
GENERAL FUND --
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
For the year ending December 31, 1968
Authorizations
Reserve for
Appropriations Encumbrances —
(After Outstanding
Revisions) Jan. 1, 1968 Total
GENERAL GOVERNMENT
Mayor and Council
Personal Services $ 3,700.00 $ 3,700.00
Contractural Services 4,000.00 4,000.00
Commodities 600.00 600.00
Other Charges 1,510.00 1,510.00
Total Mayor and Council $ 9,810.00 $ 9,810.00
City Manager
—
Personal Services $19,200.00 $19,:'.00.00
Contractual Services 1,800.00 1,800.00
Commodities 000.00 800.00 _
Other Charges 150.00 150.00
Capital Outlay 200.00 200.00
Total City Manager $22, 150.00 $22,150.00
City Clerk
Personal Services $13,500.00 $13,500.00
Contractual Services 450.00 450.00
Commodities 500.00 500.00
Other Charges 25.00 25.00
Capital Outlay 50.00 50.00 _
Total City Clerk $14,525.00 $14,525.00
Elections
Personal Services $ 3,200.00 $ 3,200.00
Contractual Services 200.00 200.00
Commodities 250.00 250.00
Total Elections $ L650.00 $ 3,650.00 —
Legal Services
Personal Services $12,000.00 $12,000.00 _
Contractual Services 50.00 50.00
Commodities 300.00 300.00
Other Charges 150.00 150.00
Capital Outlay - $4,000.00 4,000.00
Total Legal Services $12,500.00 $4,000.00 $16,500.00
Court Services _
Personal Services $ 1,000.00 $ 1,000.00
Contractual Services 8,500.00 8,500.00
Total Court Services $ 9,500.00 $ 9,500.00
7 .
CITY OF HOPKINS, MINNESOTA
Encumbrances
Unexpended Outstanding Unencumbered
Expenditures Balance December 31, 1968 Balance
$ 3,270.50 $ 429.50 $ 429.50
5,088.99 (1,088.99) (1,088.99)
551.57 48.43 48.43
1,734.26 (224.26) (224.26)
$10,645.32 $ (835.32) $ (835.32)
$17,969.16 $ 1,230.84 $ 1,230.84
4,160.21 (2,360.21) (2,360.21)
1,604.48 (804.48) (804.48)
200.00 (50.00) (50.00)
323.00 (123.00) (123.00)
124,256.85 $(2, 106.85) $(2,106.85)
- $14,671.95 $(1,171.95) $(1,171.95)
184.68 265.32 265.32
205.89 294.11 294.11
38.00 (13.00) (13.00)
42.75 7.25 7.25
$15,143.27 $ (618.27) $ (618.27)
$ 3,938.65 $ (738.65) $ (738.65)
18.90 181.10 181.10
- 359.31 (109.31) (109.31)
$ 4,316.86 $ (666.86) $ (666.86)
$10,279.47 $ 1,720.53 $ 1,720 53
362.30 (312.30) (31.2;3D)
58.68 241.32 241,32
- 00.00 70.00 10 00
- 4,000.00 $4,000.00 a
JO jk0.45 $ 5,719.55 $4,000.00 07.l9_�55
7,15 $ 464.85 $ 466.
It 1 .00 3,808.00 3,808.00
4; :),221.15 $ 4,272.85 $ 4,272.85
8
CITY OF HOPKINS, MINNESOTA
GENERAL FUND —
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
For the year ending December 31, 1968 —
Authorizations
Reserve for _
Appropriations Encumbrances
(After Outstanding
Revisions) Jan. 1, 1968 Total
GENERAL GOVERNMENT (Continued)
Finance and Accounting , —
Personal Services $22,000.00 $22,000.00
Contractual Services 500.00 500.00
Commodities 900.00 900.00 —
Other Charges 100.00 100.00
Capital Outlay 100.00 100.00
Total Finance and Accounting $23,600.00 $23,600.00
Assessing
Personal Services $21,000.00 $21,000.00
Contractual Services 880.00 800.00 —
Commodities 400.00 400.00
Other Charges 175.00 175.00
Capital Outlay 240.00 240.00 —
Total Assessing $22,695.00 $22,695.00
Special Assessing
Personal Services $ 3,500.00 $ 3,500.00 —
Other Charges 1,500.00 1,500.00
Total Special Assessing $ 5,000.00 $ 5,000.00
Zoning and Planning
Personal Services $ 1,200.00 $ 1,200.00
Contractual Services 5, 150.00 5,150.00 —
Commodities 400.00 400.00
Total Zoning and Planning $ 6,750.00 $ 6,750.00
Charter Commission —
Contractual Services $ 250.00 $ 250.00
9
CITY OF HOPKINS, MINNESOTA
Encumbrances
Unexpended Outstanding Unencumbered
Expenditures Balance December 31, 1968 Balance
$22,427.00 $ (427.00) $ (427.00)
66.79 433.21 433.21
538.19 361.81 361.81
88.00 12.00 12.00
100.00 100.00
$23, 119.98 $ 480.02 $ 480.02
$13,841.77 $7,158.23 $7,158.23
485.34 394.66 394.66
446.27 (46.27) (46.27)
85.50 89.50 89.50
303.80 (63.80) (63.80)
$15,162.68 7 532.32 _____ $7,532.32
$ 2,971.07 $ 528.93 $ 528.93
1,225.33 274.67 274.67
$ 4,_196.40 $ 803.60 $ 803.60
$ 367.73 $ 832.27 $ 832.27
5,660.39 (510.39) (510.39)
136.89 263.11 263.11
$ 61165.01 $ 584.99 $ 584.99
$ 64.00 $ 186.00 $ 186.0"
10
CITY OF HOPKINS, MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS —'
For the year ending December 31, 1968
Authorizations
Reserve for
Appropriations Encumbrances
(After Outstanding _
Revisions) Jan. 1, 1968 Total
GENERAL GOVERNMENT (Continued)
Municipal Building
Personal Services $ 14,400.00 $ 14,400.00
Contractual Services 17,050.00 17,050.00 —
Commodities 3,000.00 3,000.00
Capital Outlay 2,900.00 2,900.00
Total Municipal Building $ 37.350.00
$ 37,350.00 _
PUBLIC SAFETY
Police Protection —
Personal Services $175,600.00 $175,600.00
Contractual Services 8, 150.00 $ 351.00 8,501.00
Commodities 7,700.00 7,700.00 —
Other Charges 100.00 100.00
Capital Outlay 7,500.00 1,900.00 9,400.00
Total Police Protection $199,050.00 $ 2,251.00 $201,301.00 —
Fire Protection
. .. Personal Services $ 15,950.00
Contractual Services 4,500.00 $ 15,950.00
4,500.00 —
Commodities 3,900.00 3,900.00
Other Charges 375.00 375.00
Capital Outlay 9,200.00 $37,000.00 46,200.00
Other Disbursements 1,500.00 1,500.00
Total Fire Protection $ 35,425.00 . '. $37,000.00 $ 72,425.00
Inspection Services —
Personal Services $ 18,500.00 $ 10,500.00
Contractual Services 300.00 300.00
Commodities 300.00 300.00 —"
Other Charges 95.00 95.00
Total Inspection Services $ 19, 195.00 $ 19, 195.00
11 —
CITY OF HOPKINS, MINNESOTA
Encumbrances
— Unexpended Outstanding Unencumbered
Expenditures Balance December 31, 1968 Balance
$ 15,061.00 $ (661.00) $ (661.00)
— 18,310.10 (1,260.10) (1,260.10)
3,683.26 (683.26) (683.26)
4,285.53 (1,385.53) (1,385.53)
_ $ 41,339.89 $(3,989.89) $(3,989.89)
$176,222.90 $ (622.90) $ (622.90)
7,968.28 532.72 $ 351.00 181.72
— 7,275.43 424.57 424.57
54.00 46.00 46.00
7,559.95 1,840.05 1,900.00 (59.95)
—
$199,080.56 $ 2,220.44 $ 2,251.00 $ 00.56)
$ 19,391.37 $(3,441.37) $(3,441.37)
3,938.11 561.89 561.89
2,608.96 1,291.04 1,291.04
341.00 34.00 34.00
-- 400.10 45,799.90 $45,000.00 799.90
1,500.00 - _ -
$ 28, 179.54 $44,245.46 $45,000,.00 $ (754.54)
$ 20,566.60 $(2,066.60) $(2,066.60)
267.07 32.93 32.93
527.19 (227.19) (227.19)
95.00 -
$ 21 455.86 $(2,260.86) $(2,260.86)
12
CITY OF HOPKINS, MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES —
COMPARED WITH AUTHORIZATIONS
For the year ending December 31, 1968
_
Authorizations
Reserve for
Appropriations Encumbrances
(After Outstanding
Revisions) Jan. 1, 1968 Total
PUBLIC SAFETY (Continued) —
Civil Emergencies
Personal Services $ 750.00 $ 750.00 _
Contractual Services 360.00 360.00
Commodities 400.00 400.00
Capital Outlay 1,500.00 1,500.00
Total Civil Emergencies $ 3,010.00 $ 3,010.00 —
Animal Control
Contractual Services $ 2,300.00 $ 2,300.00 —
PUBLIC WORKS
Engineering —
Personal Services $27,500.00 $27,500.00
Contractual Services 590.00 590.00
Commodities 350.00 350.00 —
Other Charges 50.00 50.00
Capital Outlay 200.00 200.00
Total Engineering $28,690.00 $28,690.00 —
Street Administration
Personal Services $33,500.00 $33,500.00
Contractual Services 8,200.00 8,200.00 _
Commodities 17,500.00 17,500.00
Capital Outlay 11,700.00 11,700.00
Total Street Administration $70,900.00 $70,900.00 _
Streets and Alleys
Personal Services $15,900.00 $15,900.00 _
Contractual Services 1,800.00 1,800.00
Commodities 22,500.00 22,500.00
Capital Outlay 10,000.00 10,000.00
Total Street and Alleys $50_,200.00 $50,200.00 —
Snow and Ice Removal
Personal Services $ 9,000.00 $ 9,000.00 —
Contractual Services 200.00 200.00
Commodities 4,000.00 _ 4,000.00
Total Snow and Ice Removal $13,200.00
$13,200.00 _
13
CITY OF HOPKINS, MINNESOTA
- Encumbrances
Unexpended Outstanding Unencumbered
Expenditures Balance December 31, 1968 Balance
$ 171.30 $ 578.70 $ 578.70
245.86 114.14 114.14
1,475.72 (1,075.72) (1,075.72)
- 794.20 705.80 705.80
$ 2,687.08 $ 322.92 $ 322.92
$ 2,225.50 $ 74.50 _ $ 74.50
$28,625.16 $(1,125.16) $(1,125.16)
- 743.75 (153.75) (153.75)
677.83 (327.83) (327.83)
25.00 25.00 25.00
_ - 200.00 200.00
$30,071.74 $(1,381.74) $(1,381.74)
- $36,648.66 $(3,148.66) $(3,148.66)
12, 122.19 (3,922.19) (3,922.19)
19,257.56 (1,757.56) (1,757.56)
5,321.76 6,378.24 $6,378.24 -
$73,350.17 $(2,450.17) $6,378.24 $(8,828,41)
$17,028.74 $(1,128.74) $(1,128.74)
601.39 1,198.61 1, 198.61
17,251.53 5,248.47 5,248.47
- 2,755.31 7,244.69 $7,244.69 -
$37,636.97 $12,563.03 $7,244.69 $ 5,318.34
$ 8,717.21 $ 282.79 $ 282.79
107.50 92.50 92.50
2,992.27 1,007.73 1,007.73
$11,816.98 $ 1,383.02 $ 1,383.02
14
CITY OF HOPKINS, MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
For the year ending December 31, 1968 —
Authorizations
Reserve for
Appropriations Encumbrances
(After Outstanding
Revisions) Jan. 1, 1968 Total
PUBLIC WORKS (Continued)
Traffic Signs and Signals
Personal Services $ 2,500.00 $ 2,500.00
Contractual Services 5,000.00 5,000.00
Commodities 1,750.00 1,750.00 —
Total Sign and Signals $ 9,250.00 $ 9,250.00
Street Lighting
Personal Services $ 6,000.00 $ 6,000.00
Contractual Services 26,700.00 26,700.00
Commodities 200.00 200.00
Total Street Lighting $32,900.00 $ 32,900.00 —
SANITATION AND WASTE REMOVAL
Tree and Weed Control
Personal Services $ 1,000.00 $ 1,000.00
Contractual Services 80.00 80.00
Commodities 200.00 _ 200.00
Total Tree and Weed Control $ 1,280.00 $ 1,280.00
Street Cleaning —
Personal Services $ 5,000.00 $ 5,000.00
Storm Sewers
Personal Services $ 3,000.00 $ 3,000.00
Capital Outlay 40,000.00 $127,944.90 167,944.90
Total Storm Sewers $43,000.00 $127,944.90 $170,944.90
Refuse, Collection and Disposal
Personal Services $61,500.00 $ 61,500.00
Contractual Services 500.00 500.00 —
Commodities 3,500.00 3,500.00
Total Refuse, Collection and
Disposal $65,500.00 $ 65,500.00 _
15
CITY OF HOPKINS, MINNESOTA
Encumbrances
Unexpended Outstanding Unencumbered
Expenditures Balance December 31, 1968 Balance
$ 1,938.03 $ 561.97 $ 561.97
5,484.49 (484.49) (484.49)
2,678.24 (928.24) (928.24)
$10,100.76 $ (850.76) $ (850.76)
$ 4,443.23 $ 1,556.77 $ 1,556.77
23,960.37 2,739.63 2,739.63
2.38 197.62 197.62
- $28,405.98 $ 4,494.02 $ 4,494.02
$ 2,030.42 $ (1,030.42) $(1,030.42)
- 80.00 80.00
325.89 (125.89) (125.89)
$ 2,356.31 $ (1,076.31) $(1,076.31)
$ 5,723.67 $ (723.67) $ (723.67)
$ 5,120.60 $ (2, 120.60) $(2, 120.60)
30,631.37 137,313.53 $137,313.53 -
$35,751.97 $135, 192.93 $137,313.53 $(2,120.60)
$69,240.29 $ (7,740.29) $(7,740.29)
1,048.36 (548.36) (548.36)
3,791.39 (291.39) (291.39)
$74,080.04 $ (8,580.04) 1(8,580.04)
- 16
CITY OF HOPKINS, MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
For the year ending December 31, 1968
Authorizations_
Reserve for _ v
Appropriations Encumbrances
(After - Outstanding —
Revisions) Jan. 1, 1968 Total
HEALTH AND WELFARE
Health
Personal Services $ 4,200.00 $ 4,200.00 _
Contractual Services 3,600.00 3,600.00
Total Health $ 7,800.00 $ 7800.00
Welfare
Contractual Services $10,400.00 $10,400.00
Public Library
Personal Services $33,622.00 $33,622.00
Contractual Services 6,200.00 6,200.00
Commodities 17,400.00 17,400.00
Other Charges 1,778.00 1,778.00
Capital Outlay 1,000.00 1,000.00
Total Public Library $60,000.00 $60,000.00
PARKS AND RECREATION
Administration —
Personal Services $28,000.00 $28,000.00
Contractual Services 2,900.00 2,900.00
Commodities 500.00 500.00
Other Charges 110.00 110.00
Total Administration $31,510.00 $31,510.00
Classes
Personal Services $ 8,800.00 $ 8,800.00
Commodities 400.00 400.00
Total Classes $ 9,200.00 ^, $ 9,200.00
Activities
Personal Services $13,350.00 $13,350.00
Contractual Services 470.00 470.00
Commodities 1,265.00 1,265.00
Other Charges 4,290.00 4,290.00
Total Activities $19,375.00 $19,375.00
17
CITY OF HOPKINS, MINNESOTA
Unexpended Unencumbered
Expenditures Balance December 31, 1968 Balance
$ 1,227.08 $ 2,972.92 $ 2,972.92
3,595.17 4.83 _ 4,83
$ 4�822.25 $ 2,977.75 $ 2,977.75
$ 8,935.61 $ 1,464.39 $ 1,464.39
$34,698.66 $(1,076.66) $(1,076.66)
5,077.09 1,122.91 1, 122.91
18,851.02 (1,451.02) (1,451.02)
497.25 1,280.75 1,280.75
59.20 940.80 940.80
$59,183.22 $ 816.78 $ 816.78
$28,712.62 $ (712.62) $ (712.62)
3,750.61 (850.61) (850.61)
1,259.52 (759.52) (759.52)
174.92 (64.92)
33 897.67 $(2,387.67) $(2,387.67)
$ 7,396.37 $ 1,403.63 $ 1,403.63
- 119.84 280.16 280.16
$ 7,516.21 $ 1,683.79 L.1.2_.
$15,151.32 $(1,801.32) $(1,801.32)
310.32 159.68 159.68
900.36 364.64 364.64
4,473.13 (183.13) (183.13)
$20,835.13 $(1,460.13) Q-,460.13)
18
CITY OF HOPKINS, MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
For the year ending December 31, 1968
Authorizations
Reserve for
Appropriations Encumbrances
(After Outstanding
Revisions) Jan. 1, 1968 Total
PARKS AND RECREATION (Continued)
Skating Rinks
Personal Services $ 6,700.00 $ 6,700.00
Commodities 150.00 150.00
Other Charges 300.00 300.00
Total Skating Rinks $ 7,150.00 $ 7,150.00
Beach
Personal Services $ 8,320.00 $ 8,320.00
Contractual Services 100.00 100.00
Commodities 300.00 300.00
Total Beach $ 8,720.00 $ 8,720.00 —
Swimming Instruction
Personal Services $11,000.00 $11,000.00
Commodities 700.00 700.00
Other Charges 500.00 500.00
Total Swimming Instruction $12,200.00 $12,200.00
Playgrounds
Personal Services $18,350.00 $18,350.00
Commodities 2,420.00 2,420.00 —
Other Charges 2,100.00 _ 2,100.00
Total Playgrounds $22,870.00 $22,870.00
Parks —
Personal Services $25,920.00 $25,920.00
Contractual Services 4,400.00 4,400.00
Commodities 5,600.00 5,600.00 —
Capital Outlay 20,000.00 $ 225.00 20,225.00
Total Parks $55,920.00 $ 225.00 $56,145.00
19
CITY OF HOPKINS, MINNESOTA
Encumbrances
Unexpended Outstanding Unencumbered
Expenditures Balance December 31, 1968 Balance
$ 6,229.82 $ 470.18 $ 470.18
7.57 142.43 142.43
275.00 25.00 25.00
$ 6,512.39 $ 637.61 $ 637.61
$ 8,343.62 $ (23.62) $ (23.62)
143.17 (43.17) (43.17)
246.43 53.57 53.57
1„ 8,733.22 $ (13.22) $ (13.22)
$15,172.87 $(4,172.87) $(4,172.87)
41.53 658.47 658.47
500.00 500.00
$15,214.40 $(3,014.40) $(3,014.40)
$16,309.57 $ 2,040.43 $ 2,040.43
1,978.16 441.84 441.84
1,350.05 749.95 149.95
$19,637.78 $ 3,232.22 $ 3,232.22
$25,278.95 $ 641.05 $ 641.05
21579.59 11820.41 11820.41
5,279.22 320.78 320.78
15,197.23 5,027.77 $5,027.77 -
$48,334.99 $ 7,810.01 $5,027.77 $ 2,782.24
20
CITY OF HOPKINS, MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES AND ENCUMBRANCES
COMPARED WITH AUTHORIZATIONS
For the year ending December 31, 1968
Authorizations —
Reserve for
Appropriations Encumbrances
(After Outstanding
Revisions) Jan. 1, 1968 Total
UNALLOCATED EXPENSE
Retirement $ 55,000.00 $ 55,000.00
Insurance $ 24,020.00 $ 24,020.00
Rental Properties $ 600.00 $ 600.00
Non-Departmental
Contractual Services $ 200.00 $ 200.00
Other Charges 10,200.00 10,200.00
Awards and Indemnities 500.00 500.00 -
Total Non-Departmental $ 10,900.00 $ 10,900.00
Capital Outlay $ 9.000.00 $ 9,000.00
Total $10091,345.00 $171,420.90 $1,262,765.90
21 -
CITY OF HOPKINS, MINNESOTA
Encumbrances
Unexpended Outstanding Unencumbered
Expenditures Balance December 31, 1968 Balance
$ 54.093.46 $ 906.54 $ 906.54
$ 18,567.31 $ 5,452.69 $ 5,452.69
$ 264.34 $ 335.66 $ 335.66
$ 180.38 $ 19.62 $ 19.62
10,682.80 (482.80) (482.80)
17,102.00 (16,602.00) (16,602.00)
$ 27,965.18 $(17,065.18) $(17,065.18)
$ 9,000.00
$1,066,354.15 $195,911.75 $208,121.77 $(12,210.02)
22
CITY OF HOPKINS, MINNESOTA
STATE AID STREET CONSTRUCTION FUND
ANALYSIS OF CHANGE IN RESERVES
For the year ending December 31, 1968
Balance - January 1, 1968 $221611.59
1968 Allotment from the State of Minnesota 75,899.00
$98,510.59
Less: State aid construction funds applied
to 11th and 17th Avenue projects 73,229.18
Balance - December 31, 1968 $25,281.41
23
CITY OF HOPKINS, MINNESOTA
PERMANENT IMPROVEMENT
REVOLVING FUND
CITY OF HOPKINS, MINNESOTA
PERMANENT IMPROVEMENT REVOLVING FUND
BALANCE SHEET
December 31, 1968
ASSETS
Treasurer's Cash $ (29,408.05)
Investments 214,327.53
To Be Assessed 574,642.19
Special Assessments Receivable:
Deferred 1,018,626.87
Delinquent 17 852.88
Due from General Fund 23,298.60
To Be Provided for Authorized Construction 34,857.20
Total Assets $1,854,197.22
LIABILITIES, RESERVES AND SURPLUS
Liabilities
Contracts Payable $ 11,392.68
Due to Other Funds 313,580.00
Total Liabilities $ 324,972.68
Reserves
Delinquent Assessments Receivable $17,852.88
Less: Unremitted from County at 12-31-68 1,840.61 $ 16,012.27
Unexpended Authorizations 421,077.75
Total Reserves $ 437,090.02
Surplus
Fund Principal $ 830,000.00
Unappropriated Surplus 262,134.52
Total Surplus $1,092,134.52
Total Liabilities, Reserves and Surplus $1,854, 197.22
24
_ CITY OF HOPKINS, MINNESOTA
PERMANENT IMPROVEMENT REVOLVING FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
For the year ending December 31, 1968
Balance January 1, 1968 $233,671.96
Additions
Delinquent Assessments Collected
during 1968 $ 2,652.11
Interest on Accounts Assessed
during 1968 47,994.39
Delinquent Assessments Unremitted
_ from the County at 12-31-68 1,840.61
Interest Income from Investments 5,477.15
Total Additions 57,964.26
$291,636.22
Deductions
Interest loss on prepaid assessments $19,217.25
Transferred to Reserve for Delinquent
Assessments Receivable 1968 10,284.45
Total Deductions 29,501.70
Balance December 31, 1968 $262,134.52
25
CITY OF HOPKINS, MINNESOTA
PERMANENT IMPROVEMENT REVOLVING FUND
STATEMENT OF APPROPRIATIONS, EXPENDITURES AND AMOUNTS ASSESSED
For the year ending December 31, 1960
EXPENDITURES
Appropriations Prior Current Year
Dec. 31, 1968 Years Construction Overhead Total
Sewer Construction $ 52,040.50 $ 16,259.33 $ 39,223.65 $ 5,580.18 $ 61,063.16
Street Construction 65,282.21 1,530.25 39,077.16 2, 191.04 42,843.45
Street Surfacing 31,316.€1 578.72 17,553.95 2,633.10 20,765.77
Alley Construction 24,357.34 15,595.06 19,009.64 2,996.25 33,400.95 _
Curb, Gutters and
Driveways 42,473.03 5,241.13 21,351.41 945.36 27,537.90
Storm Sewers - - - - -
Utility Connections - - €,550.00 - 0,550.00
Water Mains 6 ,497.50 79,157.61 26,631.33 4,254.44 110,043.36
Street Lights 9,516,00 719.15 - 719.15
Parking Lots 322,014.00 42,346.62 - - 42,346.62
$609,499.39 $161,477.07 $172,197.14 $13,600.37 $352,275.38
26
CITY OF HOPKINS, MINNESOTA
Payment in Assessed Unexpended
Lieu of This Balance
Assessment Year Dec. 31, 1968
$ - $16,133.93 $ 7, 111.27
4,829.13 27,262.89
20,187.05 30,740.09
2,755.31 13,179.25 1,890,95
5,193.86 20, 128.99
v - e
300.00 8,250.00 -
62,360.02 30,665.19 45,479.33
8,796.85
- 279,667.38
$65,415.33 $98,438.41 $421,077.75
27
CITY OF HOPKINS, MINNESOTA
PERMANENT IMPROVEMENT REVOLVING FUND
STATEMENT OF CHANGES IN ASSESSMENTS RECEIVABLE
For the year ending December 31, 1968
Balance January 1, 1968 $1,093,685.16
Additions
Assessed This Year
Construction $ 98,438.41
Interest 47,994.39
Total Additions 146,432.80
$1,240,117.96
Deductions
Current Year Receivable
Remitted From Hennepin County $146,323.27
To Delinquent Assessments
Receivable 1968 10,284.45 $156,607.72
Prepayment
Principal $ 45,635.07
Interest 19,217.25 64,852.32
Assessments Cancelled 31.05
Total Deductions 221,491.09
Balance December 31, 1968 $1,018,626.87
28
CITY OF HOPKINS, MINNESOTA
SPECIAL ASSESSMENT
FUND
CITY OF HOPKINS, MINNESOTA
SPECIAL ASSESSMENT FUND
BALANCE SHEET
December 31, 1968
ASSETS
Cash
Treasurer's Cash $(8,219.78)
Deposited with Fiscal Agents 2,206.00
Special Assessments Receivable
Deferred 36,956.73
Delinquent 2,280.10
Due from General Fund 12,795.76
Total Assets $46,018.81
LIABILITIES, RESERVES AND SURPLUS
Liabilities
Matured Bonds and Interest Payable $ 2,206.00
Interest Payable 1,256.00
Bonds Payable 12,000.00
Total Liabilities $15,462.00
Reserves
Delinquent Assessments Receivable $2,280.10
Less: Unremitted from County to
December 31, 1968 54.49 2,225.61
- Unappropriated Surplus 28,331.20
Total Liabilities, Reserves and Surplus $46,018.81
29
CITY OF HOPKINS, MINNESOTA
SPECIAL ASSESSMENT FUND
ANALYSIS OF CHANGE IN UNAPPROPRIATED SURPLUS
For the year ending December 31, 1968
Balance January 1, 1968 $ 3,005.84
Additions
Delinquent assessments paid $ 146.21
Delinquent assessments unremitted from the
County at December 31, 1968 54.49
Return unused Library Construction Funds 17,754.10
Payments received in lieu of assessments 8,550.00
Total Additions 26,504.80
$29,510.64
Deductions
Fiscal agent charges $ 8.50
Interest loss on prepaid special assessments 216.74
Transferred to reserve for delinquent
assessments receivable - 1968 1,177.34
Adjustments to assessments receivable to agree
with County records (223.14)
Total Deductions 1,179.44
Balance December 31, 1968 $28,331.20
SPECIAL ASSESSMENT FUND
ANALYSIS OF CHANGES IN ASSESSMENTS RECEIVABLE
For the year ending December 31, 1968
Balance January 1, 1968 $46,696.59
Deductions
Prepaid assessments $ 1,387.95
Interest loss on prepaid assessments 216.74
Remitted from County 7,180.97
To delinquent assessments receivable - 1968 1,177.34
Adjustment to agree with County records (223.14)
Total Deductions 9,739.86
Balance December 31, 1968 $36,956.73
30
CITY OF HOPKINS, MINNESOTA
SPECIAL ASSESSMENT FUND
ANALYSIS OF CHANGES IN BONDS AND INTEREST PAYABLE
For the year ending December 31, 1968
Bonds Payable
Balance January 1, 1968 $14,000.00
Remitted to Fiscal Agents 2,000.00
Balance December 31, 1968 $12,000.00
Interest Payable
Balance January 1, 1968 $ 1,668.00
Remitted to Fiscal Agents 412.00
Balance December 31, 1968 $ 1,256.00
„Aril)/
31
CITY OF HOPKINS, MINNESOTA
BOND RETIREMENT FUND
CITY OF HOPKINS, MINNESOTA
BOND RETIREMENT FUND
BALANCE SHEET
December 31, 1968
ASSETS
Cash
Treasurer's Cash $ 22,908.28
Deposited with Fiscal Agents 33,570.00
Taxes Receivable
Deferred 11,400.00
Delinquent 1,966.94
Due from Other Funds 1,608,366.36
Total Assets $1,678,211.58
LIABILITIES, RESERVES AND SURPLUS
Liabilities
Matured Bonds and Interest Payable $ 33,570.00
Interest Payable 451,895.00
Bonds Payable 1, 170,000.00
Total Liabilities $1,655,465.00
Reserves
Retirement of Bonds and Interest $ 9,010.00
Deposit from the Sewer Utility Fund 6,729.40
Delinquent Taxes Receivable 1,884.55
Total Reserves $ 17,623.95
Unappropriated Surplus $ 5,122.63
Total Liabilities, Reserves and Surplus $1,678,211.58
32
CITY OF HOPKINS, MINNESOTA
BOND RETIREMENT FUND
ANALYSIS OF CHANGES IN UNAPPROPRIATED SURPLUS
For the year ending December 31, 1968
Balance January 1, 1968 $3,857.32
Additions
Delinquent tax collection during 1968 $ 199.98
Reserve for uncollectible taxes no
longer required 1,570.00
Delinquent taxes unremitted from the
County at 12/31/68 82.39
Total Additions 1,852.37
$5,709.69
Deductions
Fiscal agent charges $ 199.99
Transferred to Reserve for Delinquent
taxes receivable - 1968 387.07
Total Deductions 587.06
Balance December 31, 1968 $5,122.63
v�
33
CITY OF HOPKINS, MINNESOTA
BOND RETIREMENT FUND
ANALYSIS OF CHANGES IN RESERVES
For the year ending December 31, 1968
Uncollectible Taxes
Balance January 1, 1968 $1,570.00
Reserve No Longer Required:
P.I.R. 6-1-57 1,570.00
Balance December 31, 1968 $ -0-
Amounts Due from the Sewer
Utility Fund
Balance January 1, 1968 $ 620.40
Reserve No Longer Required 620.40
Balance December 31, 1968 $ -0-
Deposits from the Sewer
Utility Fund
Balance January 1, 1968 $6,729.40
1968 Payments
Balance December 31, 1968 $6,729.40
Delinquent Taxes Receivable
Balance January 1, 1968 $11779.85
Addition - 1968 Delinquent Taxes 387.07
$2,166.92
Deductions
Collected in 1968 $199.98
Unremitted by County at 12-31-68 82.39 282.37
Balance December 31, 1968 $11884.55
3 7
4
CITY OF HOPKINS, MINNESOTA
BOND RETIREMENT FUND
ANALYSIS OF CHANGES IN DEFERRED TAXES RECEIVABLE
For the year ending December 31, 1968
Balance January 1, 1968 $ 34,200.00
Deductions
Remitted from the County $22,412.93
To Delinquent Taxes Receivable - 1968 387.07
Total Deductions 22,800.00
60)V Balance December 31, 1968 $ 11,400.00
BOND RETIREMENT FUND
ANALYSIS OF CHANGES IN BONDS AND INTEREST PAYABLE
For the year ending December 31, 1968
Bonds Payable
Balance January 1, 1968 $1,252,000.00
Deduct: Payments to Fiscal Agents 82,000.00
Balance December 31, 1968 $1,170,000.00
Interest Payable
Balance January 1, 1968 $ 497,998.00
Deduct: Payments to Fiscal Agents 46, 103.00
Balance December 31, 1968 $ 451,895.00
35
CITY OF HOPKINS, MINNESOTA
BOND RETIREMENT FUND
STATEMENT OF BONDS AND INTEREST PAYABLE, REQUIRED RESERVES
For the year ending December 31, 1968
Water P.I.R. P.I.R.
Issue 6-1-67 6-1-57 4-1-64 Totals
Funds to be Provided for:
Bonds Payable $ 885,000.00 $20,000.00 $265,000.00 $1,170,000.00
Interest Payable 406,750.00 410.00 44,735.00 451,895.00
Total Funds to be
Provided $1,291,750.00 $20,410.00 $309,735.00 $1,621,895.00
Funds to be Provided by;
Deferred Taxes Receivable
1969 $11,400.00 $ 11,400.00
Due from Other Funds
P.I.R. Fund (Note 1) $309,735.00 309,735.00
Water Utility Fund $1,291,750.00 1,291,750.00
Reserve for Retirement of
Bonds and Interest 9,010.00 9,010.00
Total Amount to be
Provided $1,291,750.00 $20,410.00 $309,735.00 $1,621,895.00
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, 1968
ASSETS
Treasurer's Cash $2,806.28
RESERVES
Police Employees $ 50.00
Synchronized Swim 120.50
Library Fund 2,062.96
Recreation 116.77
Day Camp 456.05
Total Reserves $2,806.28
ESCROW FUNDS
STATEMENT OF RECEIPTS AND EXPENDITURES
For the year ending December 31, 1968
Balance ® January 1, 1968 $ 430.83
Receipts:
Police $ 105.00
Recreation 1,622.45
Library 1,961.89
Day Camp 1,208.00
Total Receipts 4,897.34
$5,328.17
Expenditures:
Contractual Services $2,282.99
Capital Outlay a Police Range 105.00
Library 133.90
— Total Expenditures 2,521.89
Balance ® December 31, 1968 $2,806.28
37
CITY OF HOPKINS, MINNESOTA
WATER UTILITY FUND
CITY OF HOPKINS, MINNESOTA
WATER UTILITY FUND
BALANCE SHEET
December 31, 1968
ASSETS
Cash
Treasurer's Cash $ (11)362.79),
Deposited with Fiscal Agents 3,359.50
Change Fund 100.00' $ (7,903.29)
Temporary Investments 285,000.00/
a
Accounts Receivable - Current 18,529.86 cg
Accrued Interest Receivable 2,150.001
Inventories 6,069.26✓
_ Fixed Assets
Land $ 150097.39i
Wells, Tanks, Mains 21547,743.071
Meters 22,056.331
Equipment 30,004.70> J30"
Total Cost $2,614.901.491 ;,
Less: Accumulated Depreciation 435,703.02''
Total Fixed Assets 2,179,198.47
To Be Provided for Bond Retirement 1,291,750.00"
Total Assets $3,774,794.30
LIABILITIES,RESERVES AND SURPLUS
Liabilities
Accounts payable $ 48,891.68
Matured Bonds and Interest Payable 3,359.50
Sales Tax Payable 855.72
Bonds Payable 177,000.00
Interest Payable 27,561.50
Due to Other Funds o Bond Retirement 1,291,750.00v
Total Liabilities $1,549,418.40
Reserves
Deposits $ 3,784.73
Change Fund 100.00;
Inventory 6,069.26 tiZ�
Water Facility Improvements 15,631.96
Sinking Fund e Water Revenue Bonds 74,200.00''
Total Reserves $ 99,785.95
Surplus
Customer Contributions & Investment in Fixed Assets $1,974,636.97
Current Surplus 150,952.98
Total Surplus 1/1121589.95
589.95
Total Liabilities, Reserves and Surplus $3,774,794.30
38
CITY OF HOPKINS, MINNESOTA
WATER UTILITY FUND
ANALYSIS OF CHANGE IN SURPLUS
For the year ending December 31, 1968
Current Surplus
Balance - January 1, 1968 $ 169,151.82
Additions:
Depreciation charge to Investment in
Fixed Assets $ 55,349.26
Inventory reserve adjustment 897.16
56,246.42
$ 225,398.24
Deductions:
Net Loss 4 Page 40 $ 932.50
Fixed assets from Current Years Revenue
Recorded in Investment in Fixed Assets 19,477.35
_ Revenue Bonds Retired in Investment in
Fixed Assets 29,108,00
Inventory Adjustment 426.15
Transfer to Reserve for Water Facility Improvements 9,434.76
Retirement of Revenue Bonds of 6-1-67 15,000.00
Adjust for Invoice to Barbarossa & Sons 1963 66.50
74,445.26
Balance December 31, 1968 $ 150,952.98
Customer Contributions and Investment in Fixed Assets
Balance - January 1, 1968 $1,049,021.17
Additions:
Acquisition of Fixed Assets through Bond
Issue 6-1-67 $901,714.52
Acquisition of Fixed Assets through
Year's Revenue 19,477.35
Utilities Investment in Fixed Assets By
Bond Retirement 29, 108.00
Customer Contributions through Special
Assessment 30,665.19
Total Additions 980,965.06
$21029,986.23
Deductions:
Allowance for Depreciation Charged This Year 55,349.26
Balance - December 31, 1968 $1,974,636.97
39
CITY OF HOPKINS, MINNESOTA
WATER UTILITY FUND
STATEMENT OF INCOME AND EXPENSE
For the year ending December 31, 1968
Operating Revenue
Water Sales $192,248.95
Less: Transfer to Sewer Fund 28,837.34 $163,411.61
Customer Services 1,541.24
Total Operating Revenue $164,952.85
Less:
Operating Expenses
Administration and General
Personal Services $ 6,211.70
Contractual Services 2,281.05
Commodities 1,532.26
Other Charges 6,263.45
Transfers 17,500.00 $ 33,788.46
Pumps and Wells
Personal Services $ 10,573.64
Contractual Services 20,073.61
Commodities 3,700.62 34,347.87
Distribution System
Personal Services $ 22,654.59
Contractual Services 2,536.85 25,191.44
Total Operating Expenses $ 93,327.77
Depreciation 55,349.26
Interest Expense 36,320.00
Total Operating Revenue Deductions 184,997.03
Operating Income (Loss) $(20,044.18)
Add:
Non-Operating Income
Income From Investments 19,111.68
Net Income (Loss) - Page 39 $ (932.50)
40
CITY OF HOPKINS, MINNESOTA
WATER UTILITY FUND
SUMMARY STATEMENT OF FIXED ASSETS AND ACCUMULATED DEPRECIATION
For the year ending December 31, 1968
FIXED ASSETS
Balance Balance
Jan. 1, 1968 Additions Deductions Dec. 31, 1968
Land $ 8,947.39 $ 6, 150.00 $ 15,097.39
Wells, Tanks, Mains 1,614,083.33 933,659.74 2,547,743.07
Meters 19,410.51 2;645.82 22,056.33
Equipment 20,603.20 9,401.50 30,004.70
$1,663,044.43 1951,857.06 $2,614,901.49
ACCUMULATED DEPRECIATION
Wells, Tanks, Mains $ 359,484.53 $ 50,625.41 $ 410,109.94
Meters 9,355.36 2,073.34 11,458.70
Equipment 11,483.87 2,650.51 14, 134.38
$ 380,353.76 $ 55,349.26 $ 435,703.02
41
CITY OF HOPKINS, MINNESOTA
SEWER UTILITY FUND
CITY OF HOPKINS, MINNESOTA
SEWER UTILITY FUND
BALANCE SHEET
December 31, 1968
ASSETS
Current Assets
Cash
Treasurer's Cash $ 34,443.91'/
Deposited with the Bond Retirement Fund 6,729.40'
Temporary Investments 70,000.004
Accrued Interest Receivable 2,004.50
Accounts Receivable - current 1,689.21 "
Fixed Assets
Land $ 5,150.00
Pumps and Mains 1,628,322.39
Equipment 36,316.11
Total Cost $1,669,788.50
Less: Accumulated Depreciation 485,370.65
Total Fixed Assets 1,184,417.85
Total Assets $1,299, 284.87
LIABILITIES, RESERVES AND SURPLUS
Current Liabilities
Accounts Payable $ 18,882.72
Surplus
Customer Contributions and Investment In Fixed Assets $1,184,417.85
Current Surplus 95,984.30
Total Surplus $1,280,402.15
Total Liabilities, Reserves and Surplus $1,299,284.87
42
L44 (4k
CITY OF HOPKINS, MINNESOTA
SEWER UTILITY FUND
ANALYSIS OF CHANGE IN SURPLUS
For the year ending December 31, 1968
Current Surplus
Balance e January 1, 1968 $ 74,492.74
Additions
Net Income - Page 44 $ 4,678.00
Depreciation Charge to Investment in
Fixed Assets 43,839.01 48,517.01
$ 123,009.75
Deductions
Claim for sewer backup $ 300.00
Fixed Assets From Current Years Revenue
Recorded in Investments in Fixed Assets 14,317.45
Revenue Bonds Retired Recorded in
Investment in Fixed Assets 12,408.00 27,025.45
Balance - December 31, 1968 $ 95,9E4.30
Customer Contributions and Investments In Fixed Assets
Balance - January 1, 1968 $1,176,527.08
Additions
Acquisition of Fixed Assets Through Current
Years Revenue $14,317.45
Utilities Equity Invested in Fixed Assets
By Bond Retirement 13,028.40
Customers Contribution Through Special
Assessments 24,383.93
Total Additions 51,729.78
$1,228,256.86
Deductions
Allowance for Depreciation Charged This Year 43,839.01
Balance - December 31, 1968 $1, 184,417.85
43
CITY OF HOPKINS, MINNESOTA
SEWER UTILITY FUND
STATEMENT OF INCOME AND EXPENSE
For the year ending December 31, 1968
Operating Revenues
Customer Service Charges $106,716.85
Water Utility Fund Transfer 28,837.34
Connection Charges 1,542.00
Total Operating Revenues $137,096.19
Less:
Operating Expenses
Administration and General
Personal Services $ 5,741.55
Contractual Services 1,682.98
Commodities 1, 106.45
Other Charges 5,653.50
Transfers 16,500.00 $ 30,684.48
Lift Stations
Personal Services $11,543.36
Contractual Services 8,118.63
Commodities 3,386.93 23,048.92
Mains and Disposal
Personal Services $ 2,650.15
Contractual Services 33,377.03
Commodities 1,280.60 37,307.78
Total Operating Expenses $ 91,041.18
Depreciation 43,839.01
Total Operating Revenue Deductions 134,880.19
Operating Income (Loss) $ 2,216.00
Add:
— Non-Operating Revenue - Income From Investments 2,462.00
Net Income (Loss) (To Page 43 ) $ 4,678.00
44
CITY OF HOPKINS, MINNESOTA
SEWER UTILITY FUND
SUMMARY STATEMENT OF FIXED ASSETS AND
ACCUMULATED DEPRECIATION
For the year ending December 31, 1968
FIXED ASSETS
Balance Balance
Jan. 1, 1968 Additions Deductions Dec. 31, 1968
Land $ 5,150.00 $ 5,150.00
Pumps and Mains $1,603,216.43 25,105.96 1,628,322.39
Equipment 27,870.69 8,445.42 36,316.11
$1,631,087.12 $38,701.38 $1,669,788.50
ACCUMULATED DEPRECIATION
Pumps and Mains $ 426,703.53 $40,708.07 $ 467,411.60
Equipment 14,828.11 3 130.94 17,959.05
$ 441,531.64 $43,839.01 $ 485,370.65
45
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46
CITY OF HOPKINS, MINNESOTA
COMBINED SECTION
CITY OF HOPKINS, MINNESOTA
COMBINED BALANCE SHEET - ALL FUNDS
December 31, 1968
General Permanent —
And Special Improvement
Total Revenue Revolving
Treasurer's Cash $ (58,415.75) $(69,583.60) $ (29,408.05)
Imprest Cash 345.00 245.00
Cash with Fiscal Agents 39, 135.50
Deposits with Other Funds 6,729.40
Temporary Investments 872,266.00 302,938.47 214,327.53
Accounts Receivable 73,537.14 53,318.07
Taxes Receivable
Deferred 11,400.00
Delinquent 16,834.76 14,867.82
Special Assessments Receivable
Deferred 1, 055,583.60 1,018,626.87
Delinquent 20, 132.98 17,852.88
Accrued Interest Receivable 9,523.50 5,369.00
Due from Other Funds 1,644,460.72 23,298.60
Funds on Deposit with The State 4,084.89 4,084.89
Inventories 18,292.97 12,223.71
Authorized Construction To
Be Assessed 574,642.19 574,642.19
Amounts to Be Provided For
Construction Costs 34,857.20 34,857.20
Amounts to Be Provided For
Debt Retirement 1,354,960.00 63,210.00
Prepaid Expenditures 57,109.43 57,109.43
Fixed Assets (Net) 8,574,894.16
Total Assets $14,310,373.69 $443,782.79 $1,854, 197.22
47
Special Bond Trust and Water Sewer General
Assessments Retirement Agency Utility Utility Fixed Assets
$(8,219.78) $ 22,908.28 $2,806.28 $ (11,362.79) $ 34,443.91 $
100.00
2,206.G0 33,570.00 3,359.50
61729.40
285,000.00 70,000.00
18,529.86 1,689.21
11,400.00
1,966.94
36,956.73
2,280.10
2, 15 0.00 21004.50
12,795.76 1,608,366.36
61069.26
1,291,750.00
_ 2,179, 198.47 1. 184,417.85 5,211,277.84
$46.018.81 $1,678,211.58 $21806.28 $3,774,794.30 $1,299,284.87 $5,211,277.84
48
CITY OF HOPKINS, MINNESOTA
COMBINED BALANCE SHEET o ALL FUNDS
December 31, 1968
General Permanent
Liabilities, Reserves, and Special Improvement
and Surplus Total Revenue Revolving
Liabilities:
Accounts Payable $ 106,069.51 $ 26,902.43 $ 11,392.68 —
Matured Bonds and Int. Payable 39,135.50
Due to Other Funds 1,644,460.72 39, 130.72 313,580.00
Due on Contracts for Deed 39,911.40 39,911.40 —
Interest Payable 480,712.50
Bonds Payable 1,359,000.00
Sales Tax Payable 855.72
Total Liabilities $ 3,670,145.35 $105,944.55 $ 324,972.68
Reserves:
Encumbrances $ 208,121.77 $208, 121.77
Prepaid Revenues 32,704.50 32,704.50
Imprest Cash 345.00 245.00
Inventories 18,292.97 12,223.71
Uncollectibles 750.00 750.00
Delinquent Taxes Receivable 16,752.37 14,867.82
Delinquent Assessments Receivable 18,237.88 16,012.27 --
Funds on Deposit with The State 4,084.89 4,084.89
Unexpended Appropriations 457,906.23 21, 196.52 421, 077.75
Retirement of Bonds and Interest 83,210.00
Funds in Trust 13,320.41
Total Reserves $ 853,726.02 $294, 194.21 $ 437,090.02
Surplus:
Fund Principal $ 830,000.00 $ $ 830,000.00
Investment in Fixed Assets 8,370,332.66
Current Surplus 246,937.28
Unappropriated Surplus 339,232.38 43,644.03 262,134.52
Total Surplus $ 9,786,502.32 $ 43,644.03 $1,092,134.52
Total Liabilities, Reserves
and Surplus $14,310,373.69 $443,782.79 $1,854, 197.22
49 —
Special Bond Trust and Water Sewer General
Assessment Retirement Agency Utility Utility Fixed Assets
$ $ $ 48,891.68 $ 18,882.72
2,206.00 33,570.00 3)359.50
1,291,750.00
1,256.00 451,895.00 27,561.50
12,000.00 1,170,000.00 177,000.00
855.72
$15,462.00 $1,655,465.00 $1,549,418.40 $ 18,882.72
$ $ $ $
100.00
6,069.26
1,884.55
2,225.61
15,631.96
_ 9,010.00 74,200.00
6,729.40 2,806.28 3,784.73
$ 2,225.61 $ 17,623.95 $2,806.28 1 99,785.95
$ $ $ $
1,974,636.97 1, 184,417.85 5,211,277.84
150,952.98 95,984.30
28,331.20 5,122.63
$28,331.20 $ 5, 122.63 $2,125,589.95 $1,280, 402. 15 $5,211,277.84
$46,018.81 $1,678,211.58 $2,806.28 $3,774,794.30 $1,299,284.87 $5,211,277.84
50
CITY OF HOPKINS, MINNESOTA
STATEMENT OF INVESTMENTS BY FUNDS
For the year ending December 31, 1968
Cost Plus
Accrued
Fund Discounts
General Fund $302,938.47
Water Utility Fund 285,000.00
Permanent Improvement Revolving 214,327.53
Sewer Utility 70,000.00
Total All Funds $872,266.00
51
CITY OF HOPKINS, MINNESOTA
STATEMENT OF CHANGES IN BONDS AND INTEREST PAYABLE
ALL FUNDS
For the year ending December 31, 1968
Balance Balance
Jan. 1,, 1968 Issued Retired Dec. 31, 1968
Bonds Payable
Special Assessment $ 14,000.00 $ 2,000.00 $ 12,000.00
General Bonds 1,252,000.00 82,000.00 1,170,000.00
Water Revenue 199,000.00 22,000.00 177,000.00
Totals $1,465,000.00106,000.00 $1,359,000.00
Interest Payable
Special Assessment $ 1,668.00 $ 412.00 $ 1,256.00
General Bonds 497,998.00 46,103.00 451.895.00
Water Revenue 34,669.50 v 7, 108.00 27,561.50
Totals $ 534,335.50 $ 53,623.00 $ 480,712.50
52
CITY OF HOPKINS, MINNESOTA
STATEMENT OF BANK BALANCE AND SECURITY FOR DEPOSITS
DECEMBER 31, 1968
First National Bank of Hopkins, Minnesota
Balance on Deposit $ 1,942.50
Security Deposits
U. S. Treasury Bonds 4.25% due 5-15-74 $200,000.00
Prince Georges Maryland County Bonds 5% due 3-1-77 20,000.00
Cook County Illinois School Bonds 3% due 12-1-78 20,000.00
Lake County Illinois School District 109 3.30% due 12-1-78 20,000.00
Pittsburgh Pennsylvania Municipal Bonds 3.375% due 12-1-78 40,000.00
Federal Deposit Insurance Corporation 15,000.00
Total Security for Deposit $315,000.00
Northwestern National Bank of Hopkins, Minnesota
Balance on Deposit (1) $606,228.40
Security Deposits
Eastern Montant College Educ. Bldg Fee 3.75% due 7-1-83 $ 25,608,00
Grant County Wash Public Util. Dist. 2 3.375% due 1-1-81 20,573.00
Lake Tahoe, Calif. Unif School Dist. Ser W 57. due 1-1-72 25,350.00
Verndale, Minn. ISD 818 3.70% due 1-1-82 19,528.00
Cape Canaveral, Fla. San Serv. Rev. 4.25% due 2-1-82 22,233.00
Clark County Nevada School District 3.60% due 2-1-77 22,640.00
Golden Valley, Minn. Imp. Bond 3.5% due 2-1-76 22,880.00
Hutchinson, Minn. ISD 423 3.9% due 3-1-82 29,904.00
Bloomington, Minn. G 0 Perm. Imp. Rev. 4.2% due 4-1-74 24,288.00
Sunnyvale, Calif. Munic. Imp. Bond Ser A 3.5% due 10-1-77 18,010.00
Wayne County Mich. Met Wtr Supply Bond Ser 2 3.5% due 4-1-93 19,070.00
Wayne County Mich. Met Swge Disp Bonds Ser 3 3.625% due 4-1-94 19,238.00
Cabrillo, Calif. USd Sch. Bldg. Ser B 3.8% due 11-1-88 43,901.00
Kittson County Minn. Courthouse Bond 3.5% due 5-1-81 21,750.00
Chula Vista, Calif. Golf Course 3.8% due 12-15-91 34,713.00
Las Vegas, Nev. Off Street Parking Rev. 4.25% due 2-1-79 23,260.00
Calif. St. of St. Const Prog. Sery 4.4% due 1-1-84 48, 140.00
Conn. St. of G 0 Thame River Bridge 4.0% due 11-1-82 37,800.00
East Baton Rouge Parish La. Drainage 4.7% due 6-1-87 47,665.00
Massachusetts C W of Var. Purpose 4.4% due 1-1-82 39,224.00
Federal Deposit Insurance Corporation 30,000.00
$595,775.00
(1) Includes certificates of deposit
53
DECEMBER 31, 1968
Bond Retirement (C. 0. Bond) Fund
Year of
Description Maturity Improvement Revolving Fund
Date of Issue 6-1-67 6-1-57 4-1-64
Date of Maturity 12-1 6-1 4-1
Bonds Authorized & Issued 900,000.00 200,000.00 400,000.00
Interest 4.207 to 1973 4.10% 2.60% to 1961 -
3.90% to 1977 2.90% to 1976
4.00% to 1985 3.10% to 1980
4.10% to 1988 3.20%
Bonds Payable 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 (b) 25,000.00 (b)
1985 .88 200,000.00 (b)
Total Bonds Payable 885,000.00 20,000.00 265,000.00 —
Note (a)
Interest Payable 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 3,840.00
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 406,750.00 410.00 44,735.00
(a) Bonds Maturing 4-1-80 and thereafter
are callable at par.
(b) Equal annual installments.
54
Special
Assessment Water Utility Fund Total All
Improvement Revenue Revenue Funds
6-1-54 6-1-54 6-1-57
12-1 12-1 6-1
275,000.00 225,000.00 200,000.00 2,200,000.00
2.807 to 1970 2.50% to 1966 4.007. to 1966
3.00% 2.907. to 1973 4.307. to 1971
3.00% 4.50%
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
12,000.00 77,000.00 100,000.00 1,359,000.00
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
2,950.00
1,256.00 6,901.50 20,660.00 480,712.50
55
CITY OF HOPKINS, MINNESOTA
STATISTICAL SECTION
CITY OF HOPKINS, MINNESOTA
INSURANCE IN FORCE
December 31, 1968
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: $1,464,900
Total Value of Contents: $472,500
Carrier: Fire and Casualty Company of Connecticut
1968 Premium: $1,369.00
FIRE AND EXTENDED COVERAGE, V. & M. M.
ental Properties
907. Co-Insurance
$50 deductible for wind and hail
5 year policy expiring: 3/3/69
(yty-
Total Value of Buildings: $9,500.00
Carrier: Fire and Casualty Company of Connecticut
1968 Premium: $24.00
FLEET LIABILITY INSURANCE
Comprehensive Automobile Liability
Collision on cars - A.C.V. less 150.00 deductible
1 year policy expiring: 4/3/69
100/300/50 Liability
Carrier: Home Indemnity Company
1968 Premium: $3,665.00
WORKMEN'S COMPENSATION
Statutory Coverage
1 year policy expiring: 1/1/69
Carrier: Allied Mutual of Des Moines, Iowa
1968 Premium: $10,802.00
LANDLORDS AND TENANTS LIABILITY
Bodily Injury and Property Damage
100/300/50
3 year policy expiring: 1/10/69
Carrier: Gladwin, Inc.
1968 Premium: $19.00
BOILER EXPLOSION
Municipal Building and Public Library
$2500000
3 year policy expiring: 12/16/70
Carrier: Hartford Steam Boiler Inspection and
Insurance Company
1968 Premium: $119.00
56
FLOWER DISPLAY LIABILITY
Bodily Injury and Property Damage
100/300/50
1 year policy expiring: 9/25/69
Carrier: Great Northern Insurance Company
1968 Premium: $101.00
VOLUNTEER FIREMEN'S ACCIDENT POLICY
Accident and Indemnity
$5,000 maximum
1 year policy expiring: 6/6/69
Carrier: Reliance Insurance Company
1968 Premium: $214.50
ASSESSORS BONDS
Carrier: Western Security Company
Expiration date: 8/1/70
Annual Premium: $17.00 each
C. R. Peterson
Joseph A. Hromadko
Arlyn Sala
Expiration date: 1/4/69
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: 1/1/69
Annual Premium: $380.00
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: 1/1/69
Annual Premium: $149.00
Various Employees of the City $2,500.00
57
CITY OF HOPKINS, MINNESOTA
City Officials
1968
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 Terry L. Novak
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 Verlyn Sletten
Water and Sewer Superintendent John A. Brecka
Weed Inspector Robert G. Anderson
Librarian Michael McCllen
Recreation Director Richard Wilson
Civil Defense Director Gordon Anderson
Board of Health Dr. H. E. Drill 6-30-69
William Proetz 6-30-69
Mrs. Albert Grondahl 6-30-69
John F. Hanley 6-30-69
Mrs. Floyd Alcott 6-30-69
Library Board Mary L. Sprague 6-30-69
Mrs. Robert Geltman 6-30-69
Evelyn Peterson 6-30-69
Hugh W. Firmage 6-30-69
Joseph C. Vesely 6-30-69
Mrs. Orrin M. Norberg 6-30-69
Warner P. Blake 6-30-69
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 Kloss 6-30-69
Recreation Commission: Earl Dahlberg 6-30-69
- Edward Mason 6-30-69
Mrs. Peter Throdahl 6-30-69
Mrs. Phil Hovander 6-30-69
_ Paul R. Lund 6-30-69
Eugene Reilly 6-30-69
Zoning & Planning Commission: Dr. Paul Slaton 6-30-69
Robert Harriman 6-30-69
Joseph Hussey 6-30-69
Paul Lohman 6-30-69
- James Shirley 6-30-69
Dr. A. H. Malerich Jr. 6-30-69
Jerre Miller 6-30-69
Clinton Blomquist )
Terry L. Novak ) ex-officio members
John Strojan )
James Hawks )
Employees' Advisory Board: Clifford Robinson
Robert Anderson
Edward Dukatz
John Hanley
_ Charter Commission: K. Maxfield Otto
John A. Larsen
Richard L. Brubacker
Robert N. Stone
Joseph Pierro
Mrs. Mabel Higgs
Dr. Frank J. Kucera
Robert Geltman
Mrs. Ardella Wenzel
Donald J. Milbert
W. Harlan Perbix
Mrs. Mary Maetzold
Mrs. Adelyn Gordon
Fred C. Stalley
- Rev. Lasse J. Stohl
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