1963 City of Hopkins, MN Annual Financial Report REPORT ON AUDIT
As At December 31, 1963
CITY OF HOPKINS
Hopkins, Minnesota
Po
STRAND
& ROE
City of Hopkins
Hopkins, Minnesota
CITY OFFICIALS
1963
Term
Office Name Expires
MAYOR Donald J. Milbert 7- 1-65
COUNCILMEN: John F. Hanley 7- 1-65
Henry Pokorny, Jr. 7- 1-65
Vincent R. Else/Rev. Charles Heuser 7- 1-67
Robert P. Harriman 7- 1-67
SECRETARY TO COUNCIL Clifford R. Peterson
CITY MANAGER AND TREASURER Richard L. Brubacher
CITY CLERK AND DEPUTY TREASURER Clifford R. Peterson
CITY ATTORNEY Joseph Co Vesely
CITY ENGINEER John J. Strojan
ASSESSOR Joseph Hromadko
FINANCE OFFICER John Frane
BUILDING INSPECTOR Clinton K. Blomquist
MUNICIPAL COURT JUDGES: K. Maxfield Otto 7- 1-69
John Keefe 7- 1-65
MUNICIPAL COURT CLERK Donald Nelson
HEALTH OFFICER Dr. Herman E. Drill
FIRE CHIEF John A. Brecka
STREET SUPERINTENDENT Elmer Co Bielke
WATER AND SEWER SUPERINTENDENT John A. Brecka
WEED INSPECTOR Robert G. Anderson
LIBRARIAN Mrs. Wm. Mountain/David Smith {/f
STRAND
& ROE
RECREATION DIRECTOR Richard Wilson
CIVIL DEFENSE DIRECTOR John A. Brecka
BOARD OF HEALTH: Dr. H. E. Drill 7- 1-64
Dr. P. W. Sheldon 7- 1-64
H. Puck/W, Scanlon/Wm, Proetz 7- 1-64
City of Hopkins
Hopkins , Minnesota
CITY OFFICIALS (Continued)
Term
Office Name Expires
LIBRARY BOARD: Mary Lo Sprague 7- 1-65
Leone Wilwerding 7- 1-65
Evelyn Peterson 7- 1-64
Hugh Wo Firmage 7- 1-64
Joseph Co Vesely 7- 1-65
Mrs. Orrin Mo Norberg 7- 1-65
Vince Else/Rev. Charles Heuser 7- 1-65
POLICE CIVIL SERVICE Robert Geltman 1- 1-65
COMMISSION: Clarence Grandstrom 1- 1-66
Cecil Kloss 1- 1-67
RECREATION COMMISSION: Earl Dahlberg 8- 1-65
S, Ho Severson 8- 1-65
Mrs. Peter Throdahl 1- 1-65
Mrs. Phil Hovander 1- 1-65
Robert Harriman 7- 1-65
ZONING AND PLANNING COMMISSION: Howard S , Susedby 7- 1-65
Sanford Co Gustafson 1- 1-64
Paul Stannard 7- 1-65
John A. Malecka 7- 1-67
Ao Go Larson 7- 1-67
Vince Else/Henry Pokorny, Jr. 7- 1-64
Donald Milbert )
R. L. Brubacher) Ex-Officio Members
John Strojan )
EMPLOYEESADVISORY BOARD: Clifford Robinson 8- 1-64
Robert Anderson 8- 1-66
Edward Dukatz 8- 1-65
John Hanley 8- 1-64
CHARTER COMMISSION: W, Harlan Perbix
Glen Mo Lewis
Erwin Lo Smetana
Frank No Whitney
Mrs. Marjorie Schmitz
Maurice A. Hessian
Prof. Henry Ho Wade
Rev. Charles Heuser STRAND
Otto Japs & ROE
Dr. Frank Jo Kucera
Robert Mo Geltman
S. Ca Gustafson
John Co Zajicek
Mrs. Mildred Lewis
Mrs, Mary Maetzold
City of Hopkins
Hopkins, Minnesota
INDEX
Page
Explanatory Comments 1 - 11
EXHIBITS
GENERAL FUND
A - Balance Sheet 12
A-1 - Analysis of Changes in Surplus 13
A-2 - Statement of Revenues 14 - 15
A-3 - Summary Statement of Expenditures 16
A-4 - Statement of Expenditures 17 - 27
A-5 - State,"ent of Revenues and Expenditures -
Parking Fund Reserve 28
A-6 - Statement of Revenues and Expenditures -
Recreation - Beach Concession 29
WATER UTILITY FUND
B - Balance Sheet 30
B-1 - Analysis of Changes in Surplus 31
B-2 - Statement of Revenues 32
B-3 - Statement of Expenditures 33 - 34
B-4 - Fixed Assets and Depreciation 35
B-5 - Revenue Bonds and Interest Outstanding 36
B-6 - Accrual Operating Statement 37
SEWER UTILITY FUND
C - Balance Sheet 38
C-1 - Analysis of Changes in Surplus 39
C-2 - Statement of Revenues 40
C-3 - Statement of Expenditures 41 - 42
C-4 - Fixed Assets and Depreciation 43
C-5 - Revenue Bonds and Interest Outstanding 44
C-6 - Accrual Operating Statement 45
PERMANENT IMPROVEMENT REVOLVING FUND
D - Balance Sheet 46
D-1 - Analysis of Changes in Surplus 47
D-2 - Statement of Revenues 48
D-3 - Assessments Receivable 49 vo
D-4 - Construction Costs 50 - 51 STRAND
& ROE
SPECIAL ASSESSMENT FUND
E - Balance Sheet 52
E-1 - Analysis of Changes in Surplus 53
E-2 - Statement of Revenues and Expenditures 54
E-3 - Assessments Receivable 55
E-4 - Bond Maturities 56
Page 2
City of Hopkins
Hopkins, Minnesota
INDEX (Continued)
EXHIBITS: (Continued) e
BOND RET IREMENT FUND
F m valance Sheet 57
Fal -' Analysis of Changes in Surplus 58
F-2 - Statement of Revenues and Expenditures 59
F-3 - General Obligation Bonds 60
F-4 - Revenue Bonds - Bond and Interest Summary 61
CAPITAL FUND
G - Balance Sheet 62
G-1 - Analysis of Changes in Surplus 63 - 64
G-2 - Capital Assets 65 - 68
G-3 - Fixed Assets and Depreciation - Engineering
Department 69
BUILDING FUND
H - Balance Sheet 70
H-1 - Analysis of Changes in Surplus 71
H-2 - Statement of Revenues and Expenditures 72
H-3 - Statement of Construction Costs 73
SUPPLEMENTARY STATEMENTS
Y - Combined Balance Sheet - All Funds 74
I-1 - Combined Balance Sheet by Funds 75
1-2 - Combined Comparative Balance Sheets 76
1-3 - Treasurer's Cash Balance 77
1-4 - Investments 78
1-5 - Accounts Receivable 79
I-6 - Interfund Accounts 80
I-7 - Inventories 81
1-8 - Accounts Payable 82
I-9 - Accounts Payable - City of Minneapolis 83
I-10 - Due on Contract for Deed - Hennepin County 84
I-li - Bonded Indebtedness - All Funds 85
1-12 - Insurance In Force 86 - 87
1-13 - Municipal Court - Statement of Receipts and
Disbursements 88
1-14 - Municipal Court - Cash in Bank 89
I-15 - Assessed Valuation - Tax Levy 90
STRAND
& ROE
CLARENCE E. ROE, C.P.A. ROGER R. ROE, C.P.A. ROGER E. BUNKER, C.P.A. JOHN A. LARSEN, C.P.A.
JOE M. CROW, C.P.A. DONALD H. JOHNSON, C.P.A. STANLEY H. MOBERG. C.P.A. JAMES J. KEEGAN, C.P.A. DANIEL W. GRIFFITHS, C.P.A.
S TR AND & R OE
6e'rttteI /2ttl;c Jccoantattli
6301 WAYZATA BOULEVARD
MINNEAPOLIS, MINNESOTA 55416
545 -1651 •
` February 13, 1964
The Honorable Mayor and the
Members of the City Council
City of Hopkins
Hopkins, Minnesota
Gentlemen:
We have examined the financiwl statements of the various funds of the
CITY OF HOPKINS, Hopkins, Minnesota, for the year ended December 31, 1963. 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
We were not present at the time the physical inventories were taken, nor
was a verification I,fi.lde of the balances due on the assessments receivable.
In our opinion, subject to the qualifications stated above, the accom-
panying balance sheets and related statements of revenues, expenditures, and surplus
present fairly the financial position of the various funds of the City of Hopkins
on December 31, 1963, and the results of its operations for the year then ended,
in conformity with gene°- lly accepted governmental accounting principles applied
on a basis consistent with that of the preceding year. V
Respectfully submitted STRAND
p y , & ROE
/ a(4_0(
STRAND & 12.4E
Certified Public Accountants
1
D.-t.e Field Work Completed: February 10, 1964
Date Report Signed: February 20, 1964
IF THIS REPORT IS PUBLISHED. IT MUST BE REPRODUCED IN ITS ENTIRETY. EXTRACTS MAY NOT BE PUBLISHED WITHOUT AUTHORIZATION.
City of Hopkins
Hopkins, Minnesota
EXPLANATORY COMMENTS
V
STRAND
& ROE
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City of Hopkins
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 Ailes,
The population of the City of Hopkins, as given in the last five official
federal census reports, w.s as follows:
Year Population
1920 3,055
1930 3,834
1940 4,100
1950 7,595
1960 11,380
COMMENTS ON BALANCE SHEET ITEMS
In the next several p:ragr:phs, the more important assets and liabilities
of the City are explained, listed, or described.
ASSETS
CASH ON HAND AND IN BANKS
The petty cash was verified by :actual count on December 31, 1963. It
consisted of the following:
General Revenue $150.00 ✓
Library 243.16 STRAND
Court 200.00 & ROE
Recreation 30.00
Water Utility 100.00
Total $723. 16
The City had bank balances in the First National Bank and Northwestern
National Bank, both of Hopkins, as shown on Exhibit I-3. The balances were veri-
fied by correspondence and reconciliation.
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City of Hopkins
As of December 31, 1963, the City held security assignments to s. feguard
the City funds placed on deposit in these banks, as follows:
First National bank of Hopkins:
U. S. Tre,.sury Bonds Due 8-15-71 $200,000,00
U. S. Tre.sury Notes Due 11-15-64 200,000.00
F. D. I. C. 10 000.00 $410.000.00
Northwestern N:tional Bank of Ho kurus:
U. S. Treasury Bonds Due 8-15-72 $300,000.00
F. D. I. C. 10°000.00 $310.000.00
FUNDS IN HANDS OF FISCAL AGENTS
Funds in the hands of fiscal agents for the retirement of bonds and
interest payments :ire as follows:
Issue Payment
Bank Date Date Amount Total
American National Bank - St. Paul 6- 1-57 12- 1-63 $ $ 123.00
Northwestern N:tional Bank-Minneapolis 3- 1-45 1- 1-64 2,545.00
11- 1-47 1- 1-64 1,060,00
6- 1-54 12- 1-63 20,770.00
6- 1-57 12- 1-63 3,260.00
6- 1-54 12- 1-63 1.926.50 29,561.50
First National Bank - Minneapolis 12- 1-55 12- 1-63 150.00
Total Funds in Hands of Fiscal Agents 229,834.50
These amounts were verified. This account has a contra amount under
the liabilities.
INVESTMENTS
The investments held as at December 31, 1963, are listed under
Exhibit I-4.
V
We sighted the City bonds and certificates of deposit and verified by STRAND
& ROE
correspondence the securities held by the Northwestern National Bank and First
National Bank, both of Hopkins.
ACCOUNTS RECEIVABLE
We have listed the outstanding accounts receivable from the individual
accounts and the details are shown on Exhibit 1-5. Verifications were mailed to
miscellaneous account items; approximately 35 percent confirmed the debt.
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City of Hopkins
With respect to public utility charges, we checked payments received
between Janu,:ry 1 and January 23, 1964, and found approximately 30 percent of the
ba1:nces paid. Two old accounts are noted
Bal:'nce
Verna Hayes - Route 7 - No Payment Since 1954 $228.00
S. Feinberg - Route 12 - No Payment Since 4-1963 52.50
ACCRUED I l EREST RECEIVABLE
This represents interest due on investments owned ;:s of December 31, 1962.
MUNICIPAL STATE AD' FUND
A street maintenance fund is created by the State for municipal roads
from State gasoline tax funds. Each year 25 percent of the current year's allot-
ment is remitted to the municipality for maintenance. The balance is held by the
State in a Municipal State Aid Fund for use only on specific roads listed by the
municip:litty with the St:teo Per the annual statement from the State, the City
of Hopkins had a reserve of $195,421.68 as of December 31, 1963.
ASSESSNENTS RECEIVMLE
The changes in special assessments receivable for the Special Assess-
ments Fund and Permanent Improvement Revolving Fund during the year are given as
Exhibits D-3 and E-3. To verify the correctness of these balances would necessitate
considerable checking of the books in the County Auditor's office; this was not
considered necessary by the City Management°
INTERFUND ACCOUNTS
A st:tement of the amounts due between funds is given at Exhibit I-6. po
STRAND
It was authorized by Council action that $25,000.00 of the cost of S ROE
installing a storm sewer in the Parkridge Addition during the ye:r 1945 be paid
by the Sewer Utility Fund. The cost of this sewer was ;assessed to the property
owners through the Special Assessments Fund, It was therefore resolved by the
Council that the Special Assessments Fund should reimburse the Sewer Utility Fund
for the cost at the rte of $1,250.00 per year during the years 1947 to 1966. The
amount of $5,000.00 represents the payments due.
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City of Hopkins
In the bond issue of 1958, it was provided that the P.I.R. bonds of 1958
should be paid through the Bond Retirement Fund. No general t.x levy is being
made for this issue; by resolution, it is being paid from the sewer utility
revenues. The yearly „mounts payable on this issue will be found on Exhibit F-4.
By action of the Council on May 21, 1963, the City is to pay $70,000.00
toward the 11th Avenue South sewer construction under project number 110. This
payment is to offset ,, :.intenance work which would have to be performed on the lift
station. The balance of the project cost is assessable.
The other items are due to a recl.ssific:tion of receipts and disbursements.
CURRENT TAX LEVY
The t.x levy collectible in 1964 is as adopted by the City Council.
Except for the and Retirenent Fund, this levy is offset on the balance sheet by
a reserve cf an equal auount
FUTURE TAX LEVY
This represents the amounts to be provided in future years to pay the
bonds and interest on the general obligation bonds as they fall due. On Exhibits
F-3 and F-4 we give an an..lysis showing the yearly requirements and related levies.
PROVISION FOR DEBT RETIREMENT
A contract was signed on January 2, 1962, for the purchase of 9.12 acres
of the Hennepin County fairgrounds property. The total purchase price was
$90,000.00 with an immediate payment of $20,000.00, the balance to be paid
$10,000.00 per year plus three percent interest on the unpaid balance. Under V
STRAND
Exhibit I-10 the payment schedule is shown. An offsetting liability is also shown e, ROE
under the liabilities section of the General Revenue balance sheet since the full
value is reflected as a part of the Capital Fund.
CLAIMS IN PROCESS
This represents two instances of damage to City property by citizens.
The costs of repair are being accumulated prior to invoicing the parties involved.
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City of Hopkins
FUTURE ASSESSMENTS
This account represents the estimated amount to be :.,ssessed on projects
which have been •.,uthorized. A detail by project will be found at Exhibit D-4.
DELINQUENT' TAXES
Delinquent taxes are not reflected on the accomp:nying balance sheets
but will be shown in revenues and surplus of the various funds ,gs they are collected.
Delinquent taxes as at Deces,ber 319 1963, per information obtained from
the County Auditor, were -s follows:
Personal Real Special
Collectible Property Estate Assessments Total
1958 1959 $ 184.80 $ 111.13 $ 377. 77 $ 673. 70
1959 1960 1,647.59 373.99 294.53 2,316.11
1960 1961 424. 64 1,512.56 491.13 2,428.33
1961 1962 597.49 868.81 307.65 1,773.95
1962 1963 433. 60 8,034.07 5.047.51 13,515. 18
Totals $3,288.12 $10,900.56 $6,518.59 $20,707.27
Summaries of delinquent taxes older than five years are no longer
maintained by the County Auditor.
PROJECTS TO BE AUTHORIZED
Two items are in the process of being developed as City projects. The
costs expended to December 31, 1963, were:
Condemn:tion Costs - 5th and Excelsior - Roadway $ 8,640.00
Lot and House - 25 - 10th Avenue South - Parking Lot 18,525.00
Total $27,165.00
ENCUMBRANCES ✓
STRAND
Obligations have been incurred, however funds have not been expended, & ROE
on the following:
Aerial Ladder Truck $ 5,000.00
Storm Sewer - County Road No. 18 20,000.00 $ 25,000.00
Municipal Building Contracts 539.248.32
Total $564,24832
A contr. account in the liabilities is shown under the reserves.
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City of Hopkins
INVENTORIES
The inventories are listed on Exhibit I-7. The inventory quantities
were submitted to us by City employees. We test sighted the l.rger items. We
have also test checked pricing, extensions, and footings.
PREPAID EXPENSES
Prepaid expenses consisted of items chargeable to future years:
Dues $ 30.00
Rent - Library 826.50
Employee, Fidelity, and
Public Official Bonds 506. 63
Total $1,363.13
WORK IN PROCESS
This represents the costs to December 31, 1963, of various authorized
projects under the P.I.R. Fund which will be assessed or capitalized at a later
date. The individual projects are outlined on Exhibit D-4.
FIXED ASSETS
Additions to fixed assets during the year under review are given at
Exhibits B-4, C-4, G-2, and G-3. Depreciation has been estimated on the revenue
producing departments as means of determining net income on the accrual basis.
No depreciation has been provided on the general assets.
Special assessment improvements have been treated as additions on the
assumption that these improvements are owned and controlled by the City.
The asset values of January 1, 1963, are carried over from the prior
v
report. No complete analysis was made of all beginning valuations. STRAND
& ROE
LIABILITIES , RESERVES, AND SURPLUS
ACCOUNTS AND CONTRACTS PAYAJLE
The accounts and contracts payable of the several funds were determined
by a review of disbursements, minutes, and other data on file. They are listed
as Exhibits I-8, I-9, and I-10.
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City of Yopkins
The sewer,:.ge disposal contract arose when a joint progr:lu: was initiated
whereby the Cities of Hopkins and St, Louis P-rk were allowed to connect with the
sewerage system of the City of Minne:polis.
FUNDS IN ESCROW
This account consists of amounts held in escrow
Deposit Payments on Sale of Lots at
Interlachen Park R/W $ 750.00
Blooivie Mount:in Memorial 228.00
Geo. Wolff Post - Library Furnishings 9.00
James Curtis - Garnishment 100.00
Town's Edge - Widening of Excelsior Avenue 1,500.00
Total $2,587.00
PROJECTS AUTHORIZED
On Exhibit D-4 we give details on the projects authorized as at
December 31, 1963. These amounts represent the estimated direct costs of completing
the work on approved projects. The estimate does not include the future interest
to be computed at the time of assessment.
PREPAID REVENUES
These are the receipts from licenses and fees received during the months
of November and December, 1963, which are applicable to the year 1964.
BONDS PAYABLE
We submit at Exhibit I-11 a detail of the total bonded indebtedness of
the City.
Under Exhibits B-5, C-5, E-4, F-3, and F-4, we present details on the
vo
individual bond issues by years. STRAND
& ROE
We sighted the bonds and interest coupons paid and cancelled during the
year.
FUND BALANCE
This account represents the gross amount of bonds issued under the P.I.R.
Fund and constitutes the basis, when collected, for future improvements without
the need of further bond issues.
�,I
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City�of �onkins
SURPLUS
The net worth of the City is reflected in the surplus accounts. They
are detailed by funds at Exhibits A-1, B-1, C-1, D-1, E-1, F-1, G-1, and H-1.
COMPARATIVE .LANCE SHEETS
Under Exhibit I-2 is presented a comparative balance sheet of all the
City's f,cilities, It should be noted that this is the sixth consecutive year
that improvement has been made in fund balances.
The major changes are as follows:
Additions:
Net Revenues Over Expenditures $ 77,444.62
Assessment Fees and Interest 166,229.17 $243,673. 79
Deductions:
Loss of Interest on Prepayment $ 59612.35
To Fixed Assets 13,734. 73
Sundry Items - Net 100.80 19,447.88
Net Surplus Change:
Unappropriated $237,708.40
Current (13,482.49) $224,225.91
OPERATIONS
Detailed statements showing the revenues and expenditures for each fund
are given under the respective sections of this report.
A summary of the budgeted funds is given on the following schedule:
Fund Actual Budget Over Under
RECEIPTS:
General Revenue $ 797,779. 67 $ 749,184.00 $ 48,595.67 $
General Revenue - Current
Surplus 110,148.00 110,148.00
Water Utility 133,109.98 114,920.00 18,189.98 Po
Sewer Utility 121,438.53 112,380.00 9,058.53 STRAND
Bond Retirement 100,122.64 80,547.00 19,575. 64 & ROE
Total Receipts $1,152,450.82 $1,167,179.00 $ 14,728.18
EXPENDITURES:
General Revenue $ 719,301.07 $ 859,332.00 $ $140,030.93
Water Utility 101,131.76 105,195.00 4,063.24
Water Utility - Current
Surplus 9,725.00 9,725.00
Sewer Utility 96,364.19 97,825.00 1,460.81
Sewer Utility - Current
Surplus 14,555.00 14,555.00
Bond Retirement 102,142.46 800547.00 21,595.46
Total Expenditures $1,018,939.48 1116.7,179000 $148,239.52
Net Cash Gain $ 133,511,34 $133,511.34
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City of Hopkins
Under Exhibits B 6 and C-6 we present operating statements on the accrual
basis for the w.vter and sewer utilities as required by revenue bond indentures.
Depreciation has been computed on a basis consistent with previous years. From
an operating income position, both utilities show appropriate e:rnings.
Exhibit I-13 shows a detail of cash receipts and disbursements for the
Municipal Court.
CONTINGENCIES
The following claims have been filed against the City and are outstanding
as of December 31, 1963:
Claimant In fury Amount
a. Mr. and Mrs. Armin Toon Baseui.ent Flooding $ 427.00
b. Don E. Hansen Curb Injury 1,790.00
c. Robert McLouden Electrical Shock Injury 50,000.00
d. Sally and Donald Black Auto Injury-12th Ave. Hy. 7 125,000.00
e. Larrie Heinzen Injury from Fall 25,100.00
f. Meyers Realty Company Negligent Storm Sewer 650000
Planning
No negligeo,ce has been established against the City. No Court action
has been started in any of these cases.
GENERAL
During the year under review the City signed a two-year lease for the
use of the public library. The lease expires on May 31, 1965, with an option to
extend on a monthly basis until May 31, 1968. The rental rate is $826.50 per month.
A Council resolution passed on November 1, 1963, authorizes the issuance
of $400,000.00 of P.I.R. Fund bonds for the construction of the new municipal
ko
STRAND
building. By later Council action, it was determined that the bonds are to be & ROE
dated April 1, 1964, and are to be paid off between the years 1965 and 1984. The
balance of the funds for construction is to come from the sale of municipal prop-
erties and surplus reserves.
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City of Hopkins
REMARKS
During the course of our examination a number of administrative items
came to our attention which we feel should be called to your attention to aid you
to follow the regulations more easily and to improve your efficiency.
1. None of the Council minutes for the year 1963 have been signed.
2. The following differences appe.r in the licenses:
Item Ordinance Published Collecting
tenches $12.00 $ 12.00 $ 6.00
Malt Liquor - Non-Intoxicating -
Off Sale 12000 100.00 10.00
Car Wash 50.00 - -
Permits - Street Opening Oil 1.00 100000 1.00
3. Cigarette license ordinance and collection is at $14.00. State law
fixes the maximum at $12.00
4. All salaried employees received an extra day's pay for the year 1963,
due to the method used in computing the payroll,
5. Municipal business with Councilmen is authorized only under certain
circumstances. Such circumstances do not exist in a metropolitan
area; however paymentsin the amount of $1,045.90 were made to the
Pokorny Plumbing Company.
6. Surety bond for electrician licenses is not being followed through
with as required by ordinance.
7. Several receipt forms are hand numbered. Printed prenumbered forms
should be used.
8. An appraisal of all City properties would be valuable for insurance
purposes. The values and description of items could be used in
setting up a detailed ledger for all capital assets,
9. A great deal of hand written work is being performed in the accounting
department. The redesigning of forms and possible use of other ✓
mechanical equipment should be investigated to improve the efficiency
STRAND
of the office. & ROE
CONCLUS ION
Based on our examination for the year, we conclude that the City has
again made an improvement in its financial position.
We wish to express our appreciation for the assistance and cooperation
given to our representatives during the course of our examination,
GENERAL FUND
V
STRAND
& ROE
-12- EXHIBIT A
City of Hopkins
Hopkins, Minnesota
GENERAL AND SPECIAL REVENUE FUND
BALANCE SHEET
As At December 31. 1963
General Beach
Assets Total Revenue Parking Concession
Treasurer's Cash $ 54,053.41 $ 47,717.49 $356.95 $5,978.97
Petty Cash 623.16 623.16
Investments 233,161.41 233,161.41
Accounts Receivable 6,272.86 6,272.86
Accrued Interest Receivable 323.76 323.76
Municipal State Aid Fund 195,421.68 19.5,421,68
Due From Other Funds 11,967.96 11,967.96
Claims In Process 207.84 207.84
Provision for Debt Retirement 54,500,00 54,500.00
Inventory 12,583.53 12,108.53 475.00
Prepaid Expenses 1,363.13 1,363.13
Encumbrances 25,000.00 25,000,00
Current Tax Levy 592,320.00 592,320.00
Total Assets $1,187,798. 74 $1,180,987.82 $831.95 $5,978.97
Liabilities . Reserves and Surplus
Accounts Payable $ 28,060.44 $ 28,060.44 $ $
Funds In Escrow 2,587.00 2,587.00
Prepaid Revenues 28,886,00 28,886.00
Due on Contract for Deed 54,500.00 54,500.00
Reserve for Municipal State Aid 195,421. 68 195,421. 68
Reserve for Encumbrances 25,000.00 25,000.00
Reserve for Current Tax Levy 592,320.00 592,320.00
Surplus - Unappropriated 2610023.62 254.212. 70 831.95 5.978.97
Total Liabilities, Reserves,
and Surplus $1,187,798.74 $1,180,987.82 $831.95 $5,978.97 STRAND
& ROE
-13- EXHIBIT A-1
City of Hopkins
Hopkins, Minnesota
GENERAL AND SPECIAL REVENUE FUND
ANALYSIS OF CHANGES IN SURPLUS - UNAPPROPRIATED
For the Year Ended December 31 1963
General Beach
Total Revenue Parking Concession
BALANCE - DECEMBER 31, 1962 $186,212.94 $180,314.42 $1,425.88 $ 4,472. 64
ADDITIONS:
Revenues per Accompanying Statements $812,483.03 $797,779. 67 $7,152.24 $ 7,551.12
Advance on Architect Fees 500.00 500.00
$999,195.97 $978,594.09 $8,578.12 $12,023. 76
DEDUCTIONS:
Expenditures per Accompanying
Statements $733,091.27 $719,301.07 $7,745.41 $ 6,044. 79
Adjust Inventory 1,992.97 1,992.21 . 76
Net Rentals 1962 - Building Fund 2,910.11 2,910.11
Bad Debts 178.00 178.00
$738,172.35 $724,381.39 $7,746. 17 $ 6,044.79
BALANCE - DECEMBER 31, 1963 $261023062 $254,212. 70 $ 831.95 $ 5,978.97
V
STRAND
& ROE
-14- EXHIBIT A-2
City of Hopkins
Hopkins, Minnesota
GENERAL FUND
STATEMENT OF REVENUES
For the Year Ended December 310 1963
Actual Estimated Over
Description Revenue Revenue (Under)
Property Taxes:
Current $537,309.41 $535,634.00 $ 1,675.41
Delinquent 11,224.68 4,000.00 7,224.68
Penalty and Interest 3,745.31 2,000.00 1,745.31
State-Shared Taxes:
Liquor 13,302.90 12,000.00 1,302.90
Cigarette 22,057.80 25,000.00 (2,942.20)
Bank Excise 3,195. 79 2,500.00 695.79
Mortgage Registry 5,119. 61 2,000.00 3,119.61
State Aid Roads - Maintenance 8,775.00 10,000.00 (1,225.00)
Mobile Homes 92.33 - 92.33
Licenses:
Liquor - On Sale 18,975.00 23,100.00 (4,125.00)
Liquor - Off Sale 2,000.00 2,000.00 -
Liquor - Club 300.00 200.00 100.00
Liquor - Malt - On Sale 757.00 800.00 (43.00)
Liquor - Malt - Off Sale 230.00 250.00 (20.00)
Soft Drinks 755.00 700.00 55.00
Milk - Sales 45.00 50.00 (5.00)
Milk - Trucks 146.00 160.00 (14.00)
Amusement. Devices 144.00 100.00 44.00
Billiard Parlors 50.00 - 50.00
Oil and Gas Burner Installation 450.00 400.00 50.00
Plumbers 645.00 600.00 45.00
Gasoline - Filling Stations 719.00 650.00 69.00
Gasoline - Bulk Stations 200.00 200.00 -
Bowling Alleys 180.00 132.00 48.00
Theater 86.00 86.00 -
Cigarette 1,290.00 1,200.00 90.00
Taxicabs 148.00 100.00 48.00
Peddlers 348.00 400.00 (52.00)
Billboards and Signs 9.00 15.00 (6.00)
Electrician 1,215.00 1,100.00 115.00
Used Car Lots 1,300.00 1,100.00 200.00
Dance Hall 34.00 17.00 17.00
Beaches 132.00 130.00 2.00
Other 49.00 50.00 (1.00) V
Roller Rink 50.00 - 50.00 STRAND
Dog 1,008.75 1,100.00 (91.25) & ROE
Bicycle 87.00 100.00 (13.00)
Permits:
Building 6,223.15 5,000.00 1,223.15
Electrical 4,272.23 2,500.00 1,772.23
Plumbing 461.25 600.00 (138.75)
Oil and Gas Burner 108.00 150.00 (42.00)
Street Openings 546.00 700.00 (154.00)
Interest on Investments 5,917.67 2,500.00 3,417.67
Rents:
Regular 4,145.00 4,000,00 145.00
-15- EXHIBIT A-2
Page 2
City of Hopkins
Hopkins, Minnesota
GENERAL FUND
STATEMENT OF REVENUES
For the Year Ended December 31, 1963
Actual Estimated Over
Descri tp _ion Revenue Revenue (Under)
Municipal Court:
Fines $ 28,377.51 $ 25,000.00 $ 3,377.51
Fees 5,788.70 6,000.00 (211.30)
Court Officers 978.25 1,000.00 (21.75)
Accident Reports 290.00 200.00 90.00
Fire Protection 1,575.00 600.00 975.00
Library Fines and Fees 1,229.61 850.00 379. 61
Recreation:
Salary Subsidy 530.00 500.00 30.00
Fees - Classes 2,196.50 3,500.00 (1,303.50)
Craft M=terials 1,053.04 1,000.00 53.04
Fees - Basketball Entry 1,166.00 1,100.00 66.00
Fees - Softball Entry 1,846.25 1,650.00 196.25
Fees - Touch Football Entry 360.00 360.00 -
Soft Drinks - Rinks 820.14 1,000,00 (179.86)
Bus Transportation 2,303.39 2,500.00 (196.61)
Beach Parking Stickers 3,063.80 2,500.00 563.80
Swimming Pool 5,932.78 4,000.00 1,932. 78
Reimbursements 895.65 100.00 795.65
Contributions - School District No. 274 11,500.00 11,500.00 -
Contributions - Minnetonka Village 5,000.00 5,000,00 -
1 Sundry:
Maps, Ordinances, Code rooks $ 72.00
Telephone Commissions 195.83
Title Search 65.00
Wage Assignment 8.00
Deposit Forfeited 25.00
Money Confiscated from Raid 56. 70
Demolition of 109 - 11th Ave. So. 331.80
Sale of Interlachen Lot #2 3,500.00
Sale of House - 22 - 8th Ave. No. 51.50
Suburban Gas Agency 921.94
Auction Sale 255.75
Sale of Interlachen Lot #7 2,800.00
Election Filing Fees 35.00
Dog Pound Fees 35.33
Damage Recovery 5.00
Refunds 5.54 STRAND
& ROE
Overhead Charges 184.99
Sale of Stove and Oil Tank 15.00 8,564.38 1,500.00 7,064.38
Transfers:
Parking Meters 5,000.00 5,000.00 -
P.I.R. Fund 35,459. 79 15,000.00 20,459.79
Water Fund 8,500.00 8,500.00 -
Sewer Fund 7,500.00 7,500.00 -
Totals p797,779. 67 $749,184.00 $48,595.67
-16- EXHIBIT A-3
City of Hopkins
Hopkins, Minnesota
GENERAL FUND
SUMMARY STATEMENT OF EXPENDITURES
For the Year Ended December 31, 1963
Actual Appro- (Over)
Description E�x enditures minima Under
Council $ 5,448.79 $ 4,400.00 $(1,048,79)
Manager's Office 30,580.93 30,075.00 (505.93)
Municipal Court 14,443.13 11,325.00 (3,118.13)
Elections 2,370.34 2,400.00 29. 66
City Clerk 14,348.58 13,300,00 (1,048.58)
Legal Service 5,996.78 4,550,00 (1,446. 78)
Assessing 15,380,55 15,600.00 219.45
Zoning and Planning 11,970.56 8,075.00 (3,895.56)
Charter Commission 25.00 300.00 275.00
Insurance 17,491.16 17,100,00 (391.16)
Police 112,633.65 110,650.00 (1,983.65)
Fire 27,010,57 34,200.00 7,189.43
Inspection Services 10,977.42 10,750.00 (227.42)
Public Employees' Retirement Association 20,829.05 21,000.00 170.95
Civil Defense 1,969.24 2,000.00 30. 76
Dog Control 1,810.50 1,700.00 (110.50)
Weed Control 658,45 825.00 166.55
Engineering 18,951.05 18,880.00 (71.05)
Street Administration 62,333.19 63,075.00 741.81
Storm Drain and Sidewalk Maintenance 10,896. 66 46,500.00 35,603.34
Street and Alley Maintenance 8,543.91 5,500.00 (3,043.91)
Snow and Ice Removal 9,618.76 14,200.00 4,581.24
Traffic Signals and Markings 9,353.89 9,500.00 146.11
Street Cleaning 4,880.52 4,000,00 (880.52)
Street Lighting and Tree Service 27,230.40 28,000.00 769.60
Street Patching 12,103.21 14,000.00 1,896.79
Resurfacing and Sealing 4,050. 60 13,600,00 9,549.40
Garbage Pickup and Dump Operation 73,701.80 72,800.00 (901.80)
Municipal Building 9,404. 63 6,784.00 (2,620.63)
Health 2,842.50 3,200.00 357,50
Welfare 9,935.94 12,600.00 2,664.06
Library 42,078.12 41,200.00 (878.12)
Recreation 55,526.11 56,045.00 518.89 y,
Parks 40,656.48 43,500.00 2,843.52 STRAND
Contingencies 21,202.00 115,598.00 94,396.00 & ROE
Hennepin County Parks 2,046.60 2,100.00 53.40
Totals $719,301.07 $859,332.00 $140,030.93
-17- EXHIBIT A-4
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31, 1963
Appro- (Over)
Description Expenditures psiations Under
COUNCIL:
Salaries:
Mayor $ 300.00 $ 300.00 $ -
Councilmen 400.00 400.00 -
Advertising and Publications 676.36 1,000000 323. 64
Travel ,:nd Subsistence 463.50 500.00 36.50
Audit 1,895.00 1,350.00 (545.00)
Subscriptions and Memberships 1,439.00 850.00 (589.00)
Equipment - Tape Recorder 274.93 - (274.93)
Total Council $ 5,448. 79 $ 4,400.00 $ (1,048.79)
MANAGER'S OFFICE:
Salaries:
City Manager $11,845.48
Regular 11,986.52
Part Time 676. 77 $ 24,508.77 $ 24,000.00 $ (508.77)
Communication:
Telephone 1,818.25 1,400.00 (418.25)
Postage 242.12 300.00 57.88
Advertising and Publications 1,181. 70 1,000000 (181. 70)
Travel and Subsistence 448.13 900.00 451.87
Tuition and Registration 63.50 100.00 36.50
Equipment Maintenance 71.30 300.00 228.70
Office Supplies 1,364. 72 1,275.00 (89.72)
Subscriptions and Memberships 178.95 150.00 (28.95)
Equipment:
Secretarial Desk $216.99
Royal Typewriter 211.50
Addo-X Adding Machine $376.00
Less: Remington Trade-In 101.00 275.00 703.49 650.00 (53.49)
Total Manager 's Office $ 30,580.93 $ 30,075.00 $ (505.93)
MUNICIPAL COURT:
Salaries:
Judges $ 4,950.00 $ 3,000.00 $ (1,950.00)
Clerk of Court 3,332.42 3,500.00 167.58 po
Court Officer 2,554.02 1,500.00 (1,054.02) STRAND
Temporary Services 1,682.98 1,500.00 (182.98) & ROE
Clerical 517.57 500.00 (17.57)
Communications:
Telephone 589.29 150.00 (439.29)
Post.ge 97.75 75.00 (22.75)
Travel and Subsistence 61.84 300.00 238.16
Equipment Maintenance 5.30 25.00 19.70
Office Supplies 609.46 700.00 90.54
Subscriptions and Memberships 42.50 75.00 32.50
Total Municip-:1 Court $ 14,443.13 $ 11,325.00 $ (3,118.13)
i
-18- EXHIBIT A-4
Page 2
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31, 1963
Appro- (Over)
Description Expenditures priations Under
ELECTIONS:
Temporary Services $ 2,043. 67 $ 2,100.00 $ 56.33
Advertising and Publications 172,80 50,00 (122.80)
Office Supplies 153,87 250.00 96.13
Total Elections $ 2,370.34 $ 2,400.00 $ 29.66
CITY CLERK'S OFFICE:
Salaries:
Clerk $8,281.84
Clerical 5,298.86 $ 13,580.70 $ 12,450.00 $ (1,130.70)
Postage 89.10 100.00 10.90
Travel and Subsistence 186.30 300.00 113.70
Tuition and Registration 60.00 25.00 (35.00)
Office Supplies 424.48 400.00 (24.48)
Subscriptions and Memberships 8.00 25.00 17.00
Total City Clerk's Office $ 14,348.58 $ 13,300.00 $ (1,048.58)
LEGAL SERVICES:
Salaries:
City Attorney $1,800.00
Part Time 77.77 $ 1,877. 77 $ 2,000.00 $ 122.23
Travel and Subsistence 8.50 250.00 241.50
Professional Services 3,963. 75 2,200.00 (1,763.75)
Office Supplies 79.26 25.00 (54.26)
Subscriptions and Memberships 67.50 75.00 7.50
Total Legal Services $ 5,996,78 $ 4,550.00 $ (1,446.78)
ASSESSING:
Salaries:
Real Estate - Field $ 6,086.82 $ 6,000.00 $ (86.82)
Real Estate - Office 3,644.82 6,000.00 2,355.18
Personal Property - Field 3,237, 62 1,600.00 (1,637.62)
Personal Property - Office 1,129.05 1,000,00 (129.05)
Post:ge 232.46 150.00 (82.46)
Travel and Subsistence 327.29 300.00 (27.29)
Tuition and Registration 167.00 100.00 (67.00) STRAND
Equipment Maintenance - 50.00 50.00 & ROE
Office Supplies 455.24 300.00 (155,24)
Subscriptions and Memberships 100.25 100.00 (.25)
Total Assessing $ 15,380.55 $ 15,600.00 $ 219.45
ZONING AND PLANNING:
Salaries - Part Time $ 222.81 $ - $ (222.81)
Advertising and Publications 302.50 175.00 (127.50)
Travel and Subsistence - 100.00 100.00
Professional Services 2,582.61 2,400.00 (182. 61)
Office Supplies 47.59 100.00 52.41
Subscriptions and Memberships 65.05 50,00 (15.05)
Program 8,750.,00 5,250.00 (3,500.00)
Total Zoning and Planning $ 11,970.56 $ 8,075.00 $ (3,895.56)
1
I
-19- EXHIBIT A-4
Page 3
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31. 1963
Appro- (Over)
Description Expenditures priations Under
CHARTER COMMISSION:
Advertising :und Publications $ 25.00 $ 50,00 $ 25,00
Printing - 150.00 150.00
Professional Services -- 50.00 50.00
Office Supplies - 50.00 50.00
i'ota1 Charter Commission $ 25,00 $ 300.00 $ 275,00
INSURANCE:
Fire $ 783.28 $ 1,200.00 $ 416.72
Comprehensive Automobile 2,206.28 2,300.00 93. 72
Workmen's Compensation 8,879.27 8,300.00 (579.27)
Official Bonds 555.63 600.00 44,37
Hospitalization Insurance 5,066. 70 4.700.00 (366. 70)
Total Insurance $ 17,491.16 $ 17,100.00 $ (391.16)
POLICE:
Salaries:
Regular $ 84,468.52 $ 83,850.00 $ (618.52)
Part Time 5,533.25 3,200.00 (2,333.25)
Vacation 3,290.93 4,030.00 739.07
Holiday 3,109,25 4,220.00 1,110. 75
Sick Leave 2,681.60 1,200.00 (1,481. 60)
Communications:
Telephone 928.51 1,100.00 171.49
Postage 53.61 75.00 21.39
Radio 529.82 700.00 170.18
Travel and Subsistence 788.84 600.00 (188.84)
Tuition and Registration 177.50 225.00 47.50
Mileage 133.18 50.00 (83.18)
Equipment Maintenance 1,051.25 850.00 (201.25)
Vehicle Maintenance 1,730.43 1,800.00 69.57
Boarding Prisoners - Workhouse 747.04 2,000.00 1,252.96
Boarding Prisoners - Local 265. 77 100.00 (165.77)
Professional Service 544.50 200.00 (344.50)
Towing 71.15 100.00 28.85
Office Supplies 623, 67 600.00 (23. 67)
Uniforms 784. 77 700,00 (84. 77)
Gasoline and Oil 1,486.96 1,700,00 213.04 ✓
Subscriptions and Memberships 39.50 50.00 10.50 STRAND
Equipment: & ROE
Automobiles:
(2) 1963 Chevrolets $4,855. 70
Less: (2) 1962 Plymouth
Trade Ins 1,320.00 3,535.70 2,800.00 (735.70)
Other:
(3) Clothing Lockers 57.90 500.00 442.10
Total Police $112,633.65 $110,650.00 $ (1,983. 65)
-20- EXHIBIT A-4
Page 4
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31, 193
Appro- (Over)
Description Expenditures priations Under
FIRE:
Salaries:
Fire Calls $ 9,974.00 $ 11,000.00 $ 1,026.00
Maintenance 1,061.00 1,020.00 (41.00)
Communication:
Telephone 1,897.86 2,000.00 102.14
Radio 809.27 700.00 (109.27)
Travel and Subsistence 787.88 900.00 112.12
Tuition and Registration 400,00 450.00 50.00
Maintenance of Equipment 1,170.83 1,650.00 479.17
Maintenance of Vehicles 339.18 1,200,00 860,82
Office Supplies 72.86 100.00 27.14
Clothing 214,38 300,00 85.62
Gasoline and Oil 383.33 350,00 (33.33)
Hose Mainten:nce 925,30 1,000,00 74.70
Insurance 732. 66 200.00 (532.66)
Subscriptions and Memberships 147.00 100.00 (47.00)
Firemen's Relief - Statutory 6,480.48 6,200,00 (280.48)
Equipment:
Base Station Radio $495.00
Radio Antenna 139.18
(2) Scott Air Paks and Cylinders 485,36
Deluge Gun for LaFrance Truck 495.00 1.614.54 7,030.00 5,415.46
Total Fire $ 27,010.57 $ 34,200.00 $ 7,189.43
INSPECTION SERVICES:
Building Inspector $ 8,011.49 $ 8,000.00 $ (11.49)
Electrical Inspector 2,297.95 1,500.00 (797.95)
License Inspector 235,10 500.00 264.90
Fire Marshall 168.05 - (168.05)
Postage .35 25.00 24.65 ,
Advertising and Publications - 250.00 250.00
Travel :tnd Subsistence 104.05 150.00 45.95
Tuition and Registration 63.50 50.00 (13.50)
Office Supplies 28.43 200.00 171.57
Subscriptions and Memberships 68,50 75,00 6.50
v
Total Inspection Services $ 10,977.42 $ 10,750.00 $ (227.42) STRAND
& ROE
PUBLIC EMPLOYEES ' RETIREMENT ASSOCIATION $ 20,829.05 $ 21,000.00 $ 170.95
CIVIL DEFENSE:
Travel and Subsistence $ 17.50 $ 300.00 $ 282.50
Miscellaneous Supplies 1,018.20 1,700.00 681.80
Professional Services 933.54 - (933.54)
Total Civil Defense $ 1,969.24 $ 2,000.00 $ 30.76
-21- EXHIBIT A-4
Page 5
City of Hopkins
Hopkins , Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 310 1963
Appro- (Over)
Descri tp ion Expenditures priations Under
DOG CONTROL:
Animal Rescue League $ 1,810.50 $ 1,650.00 $ (160.50)
Testing _ 50.00 50.00
Total Dog Control $ 1,810.50 $ 1,700.00 $ (110.50)
WEED CONTROL:
Salaries $ 65.00 $ 125.00 $ 60.00
Weed Inspection 450.00 450.00 -
Advertising and Publications 24.45 20.00 (4.45)
Travel and Subsistence 3.00 5.00 2.00
Weed Spraying 116.00 225.00 109.00
Total Weed Control $ 658.45 $ 825.00 $ 166.55
ENGINEERING:
Salaries:
Regular $ 16,533.23 $ 16,320.00 $ (213.23)
Part Tine 1,680.76 1,680.00 ( .76)
Postage 39. 67 50.00 10.33
Travel and Subsistence 224.07 150.00 (74.07)
Tuition and Registration 25.00 60.00 35.00
Maintenance of Equipment 6. 70 50.00 43.30
Maintenance of Vehicles 12.37 50.00 37. 63
Office Supplies 247.03 300.00 52.97
Gasoline and Oil 85.22 80.00 (5.22)
Subscriptions and Memberships 24.00 60.00 36.00
Equipment:
4-Drwer Legal File 73.00 80.00 7.00
Total Engineering $ 18,951.05 $ 18,880.00 $ (71.05)
STREET - ADMINISTRATION:
Salaries:
Regular $ 18,788.06 $ 15,500.00 $ (3,288.06)
Vacation 3,846.03 4,000.00 153.97
Holiday 3,186.64 3,000.00 (186. 64)
Sick Leave 1,810.97 2,000.00 189.03 1.0
Telephone 604.00 625.00 21.00 STRAND
Gas 2,016.31 2,700.00 683. 69 & ROE
Electricity 1,141.19 1,000.00 (141.19)
Maintenance of Building 810.91 3,500.00 2,689.09
Maintenance of Vehicles 11,176.73 10,000.00 (1,176.73)
Office Supplies 92.63 25.00 (67.63)
Gasoline and Oil 5,674.07 6,500.00 825.93
Miscellaneous Supplies 1,091.39 100.00 (991.39)
Shop Supplies 1,487.09 1,500.00 12.91
-22- EXHIBIT A-4
Page 6
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31, 1963
Appro- (Over)
Description Expenditures priations Under
STREET - ADMINISTRATION:STRA °ION: (Continued)
Equipment:
Filtered Air Helmet $ 172, 10
Asphalt Cutter 295.00
1964 Ford Truck $9,495.07
Less: 1954. Intl
Truck - Trade In 350,00 9,145.07
Snow Plow Installed
on New Ford Truck 995.00 10,607. 17 12,625.00 $ 2,017.83
Total Street - Administration $ 62,333,19 $ 63,075.00 $ 741.81
STREET - STORM SEWER AND SIDEWALKS:
Salaries $ 3,494.94 $ 3,500.00 $ 5.06
Maintenance of Sidewalks 243.35 300.00 56. 65
Culverts, Pipes, and Supplies 7.158.37 42,700.00 35,541. 63
Total Street - Storm Sewer and
Sidewalks $ 10,896. 66 $ 46,500.00 $ 35 ,603.34
STREET - STREET AND ALLEY:
Salaries $ 3,105.35 $ 3,000.00 $ (105.35)
Street M=aintenance 3,661.55 300.00 (3,361.55)
Contractual Materials - 700.00 700.00
Parking Lot Maintenance 1,777.01 1,500.00 (277.01)
Total Street - Street and Alley $ 8,543.91 $ 5,500.00 $ (3,043.91)
STREET - SNOW AND ICE REMOVAL:
Salaries $ 6,614.13 $ 10,000.00 $ 3,385.87
Miscellaneous Supplies - 200.00 200,00
Mainten:nce Materials 3,004. 63 4,000.00 995.37
Total Street - Snow and Ice Removal $ 9,618.76 $ 14,200.00 $ 4,581.24
STREET - TRAFFIC SIGNS _ SIGNALS . AND MARKINGS :
Salaries $ 3,596.36 $ 1,800.00 $ (1,796.36)
Electrical Service 1,758.28 1,600.00 (158.28)
Maintenance of Traffic Signals 1,220.22 1,000.00 (220.22) STRAND
Striping 1,352,75 1,500.00 147.25 & ROE
Traffic and Street Signs 1,426.28 3,600.00 2,173.72
Total Street - Traffic Signs,
Signals, and Markings $ 9,353.89 $ 9,500.00 $ 146.11
STREET - STREET CLEANING:
Salaries $ 4,880.52 $ 4,000.00 $ (880.52)
ii
-23- EXHIBIT A-4
Page 7
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31, 1963
Appro- (Over)
Description Expenditures priations Under
STREET - STREET LIGHTING AND TREE SERVICE:
Salaries $ 3,383. 60 $ 2,000.00 $ (1,383. 60)
Electrical Service 21,334.25 22,000.00 665. 75
Maintenance of Lights 285.44 1,000.00 714.56
Tree Trimming and Spraying 2,065.00 2,800.00 735.00
Miscellaneous Supplies 162.11 200.00 37.89
Total Street - Street Lighting
and Tree Service $ 27,230.40 $ 28,000.00 $ 769.60
STREET - STREET PATCHING:
Salaries $ 6,099.43 $ 6,000.00 $ (99.43)
Material 6,003. 78 8,000.00 1,996.22
Total Street - Street Patching $ 12,103.21 $ 14,000.00 $ 1,896.79
STREET - RESURFACING AND SEALING:
Salaries $ 720.17 $ 1,800.00 $ 1,079.83
Material 3,330.43 11,800.00 8,469.57
Total Street - Resurfacing and Sealing $ 4,050.60 $ 13,600.00 $ 9,549.40
GARBAGE PICKUP AND DUMP:
Salaries:
Administrative $ 5,842.69 $ 6,800.00 $ 957.31
Pickup 32,932.74 34,000.00 1,067.26
Dump 16,072.12 12,100.00 (3,972. 12)
Vacation 2,058.35 2,200.00 141. 65
Holid,.y 1,909.12 2,000.00 90.88
Sock Leave 309.86 900.00 590.14
Maintenance of Vehicles 963.36 1,500.00 536. 64
Extermination 195.00 200.00 5.00
Dirt and Land Fill 762.00 1,500.00 738.00
Gasoline and Oil 2,035. 76 2,500.00 464.24
Miscellaneous Supplies 55.85 100.00 44. 15
Equipment:
1964 Chevrolet Truck with 16-Yard
Refuse Collection Unit $11,789.95 tof
Less: 1953 White Trade In 1,225.00 10,564.95 9,000.00 (1,564.95) STRAND
& ROE
Total Garbage Pickup and Dump $ 73,701.80 $ 72,800.00 $ (901.80)
MUNICIPAL BUILDING:
Salaries $ 3,864.00 $ 2,384.00 $ (1,480.00)
Utilities:
Gas 1,000.78 1,300.00 299.22
Electricity 1,349.70 1,400.00 50.30
Building Maintenance 1,386.27 800,00 (586.27)
Maintenance of Rental Property 1,081. 70 400.00 (681.70)
Janitor Supplies 722.18 50000 (222.18)
Total Municipal Building $ 9,404. 63 $ 6,784.00 $ (2,620.63)
-24- EXHIBIT A-4
Page 8
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31, 1963
Appro- (Over)
Description EXpenditures priations Under
HEALTH!
Rural Nursing Service $ 2,842.50 $ 2,850.00 $ 7.50
Health Officer - 300,00 300.00
Supplies - 50.,00 50.00
Total Health $ 2,842.50 $ 3,200,00 $ 357.50
PUBLIC WELFARE:
County Relief Board - Relief $ 7,968.52 $ 11,000,00 $ 3,031,48
County Relief Board - Administration 1,967.42 19600.00 (367.42)
Total Public Welfare $ 9,935.94 $ 12,600.00 $ 2,664.06
PUBLIC LIBRARY:
Salaries:
Administrative $ 6,163.23 $ 7,000.00 $ 836.77
Custodian 1,218.32 1,200.00 (18.32)
Part Time 3,185.46 1,500.00 (1,685.46)
Assistant Librarians 9,565.34 10,000,00 434. 66
Communication:
Telephone 236.09 225.00 (11.09)
Postage 25.75 25.00 (. 75)
Utilities°
Gas 360. 72 - (360.72)
Electricity 326.33 - (326.33)
Travel and Subsistence 90.12 300.00 209.88
Building Maintenance 192.29 100.00 (92.29)
Equipment Maintenance 122. 10 50.00 (72.10)
Professional Service 1,034. 63 4,800.00 3,765.37
Rent 5,372.25 7,500.00 2,127. 75
Office Supplies 295.07 300.00 4.93
Books and Periodicals 9,104.05 6,000.00 (3,104.05)
Miscellaneous Supplies 193.52 100.00 (93.52)
Subscriptions and Memberships 86.58 100.00 13.42
Moving Expense 793.14 1,000.00 206.86
Equipment:
Desk and Chair $ 378.00
Shelving 2,680.13
Clock 70.00 STRAND
Wire Book Supports 265.00 & ROE
Sliding Reference Shelves 40.00
R.-nge Finders 15.00
Tables and Chairs 541.00
Book Return 225.00
Bicycle Rack 40.00
Gift from Veterans Club and
West Suburban Women's League (541.00) _ 3,713.13 1,000.00 (2,713.13)
Total Public Library $ 42,078. 12 $ 41,200.00 $ (878.12)
-25- EXHIBIT A-4
Page 9
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31 1963
Appro- (Over)
Description Expenditures priations Under
RECREATION:
Administrative:
Salaries $ 14,089.14 $ 14,000.00 $ (89.14)
Telephone 306.54 275.00 (31.54)
Postage 127. 69 150.00 22.31
Advertising and Publications 315.37 500.00 184. 63
Travel and Subsistence 1,039.01 1,100.00 60.99
Tuition and Registration 69.50 75.00 5.50
Office Spplies 313.84 300.00 (13.84)
Miscellaneous Supplies 50.12 100.00 49.88
Subscriptions and Memberships 89.08 85.00 (4.08)
Total Administrative $ 16,400.29 $ 16,585.00 $ 184.71
General Activities:
Junior and Midget Baseball $ 684.75 $ 700.00 $ 15.25
Instruction and Recreation Classes 3,434.75 4,000.00 565.25
Gym Supervision 993.25 1,000.00 6.75
Miscellaneous Supplies 100.95 100.00 ( .95)
Total General Activities $ 5,213.70 $ 5,800.00 $ 586.30
Playgrounds:
Instruction $ 7,166.00 $ 7,200.00 $ 34.00
General Supplies 511.69 500.00 (11. 69)
Craft Supplies 847.98 1,100.00 252.02
Athletic Supplies 490.11 500.00 9.89
Total Playground $ 9,015.78 $ 9,300.00 $ 284.22
Basketball:
Officiating $ 960.50 $ 950.00 $ (10.50)
Supervision 474.75 500.00 25.25
Supplies 49.01 50.00 .99
Trophies 138.00 140.00 2.00
Subscriptions and Memberships 35.00 40.00 5.00
Total Basketball $ 1,657.26 $ 1,680.00 $ 22. 74
Softball:
Officiating $ 1,067.00 $ 1,000.00 $ (67.00)
Supervision 751.00 670.00 (81.00)
Electricity 287.93 450.00 162.07
Supplies 99.22 100.00 . 78 ✓
Trophies 141.52 100.00 (41.52) STRAND
Balls 291.. 60 300.00 8.40 & ROE
Subscriptions and Memberships 182.00 150.00 (32.00)
Total Softball $ 2,820.27 $ 2,770.00 $ (50.27)
Skating Rinks:
Supervision $ 2,530.91 $ 2,500.00 $ (30.91)
Electricity 178. 65 275.00 96.35
Fuel 266.50 300.00 33.50
Supplies 92.10 100.00 7.90
Soft Drinks 220. 62. 800.00 579.38
Total Skating Rinks $ 3,288.78 $ 3,975.00 $ 686.22
-26- EXHIBIT A-4
Page 10
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31 1963
Appro- (Over)
Description Expenditures priations Under
RECREATION: (Continued)
Beach:
Instruction $ 2,690.98 $ 2,700.00 $ 9.02
Guarding 4,518.54 4,500.00 (18.54)
Parking Lot Attendants 963.38 1,000.00 36. 62
Telephone 60.84 100.00 39.16
Electricity 139.51 275.00 135.49
Supplies 574.98 500.00 (74.98)
Bus Transportation 1.914.50 2.500,00 585.50
Total (each $ 10,862.73 $ 11,575.00 $ 712.27
Pool:
Instruction $ 3,940.10 $ 3,300.00 $ (640.10)
Supervision 1,744.45 600.00 (1,144.45)
Supplies 140.53 100.00 (40.53)
Total Pool $ 5,825.08 $ 4,000.00 $ (1,825.08)
Touch Football:
Officiating $ 220.00 $ 220.00 $ -
Electricity 182.22 100.00 (82.22)
Trophies 40.00 40.00 -
Total Touch Football $ 442.22 $ 360.00 $ (82.22)
Total Recreation $ 55,526.11 $ 56,045.00 $ 518.89
PARKS:
Salaries $ 13,121.52 $ 13,000.00 $ (121.52)
Building Maintenance 1,229.97 1,300.00 70.03
Equipment Maintenance 930.31 600.00 (330.31)
Skating Rink Maintenance 4,521.83 3,800.00 (721.83)
Gasoline and Oil 170.50 300.00 129.50
Supplies 3,488.00 2,800.00 (688.00)
Maintenance Material 859.47 1,100.00 240.53
Equipment:
Aluminum Diving Board $ 248.25
Used 4-Wheel Tr: iler 150.00
Rollei Camera $251.90
Less: Camera Traded In 100.00 151.90
Posture Chair 93.00 Po
Flood Lights Burnes Park 111.95 STRAND
& ROE
Improvements - Shady Oak Beach 423.24
Tennis Courts - Burnes Park 12,812.40
Landscaping Fairgrounds 198.32
Landscaping - Harley Hopkins 1,120.50
Landscaping-Park Valley Buffer 278.75
Fence - Park Valley Buffer 539.00
Improvements-Softball Field 470.94
To Cancel 1962 Accounts Payable (488.12)
Landscaping - Hilltop Park 92.75
Landscaping - Interlachen Park 132.00 16.334.88 20.600.00 4,265. 12
Total Parks $ 40,656.48 $ 43,500.00 $ 2,843.52
-27- EXHIBIT A-4
Page 11
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31„ 1963
Appro- (Over)
Description Expenditures priations Under
CONTINGENCIES:
Repairs to 2nd Street $ 426.20
Donation for County Fair 50.00
Auto Damage Settlement - J. R.
Gilman and H. S. Coddis 34.05
Flower Display on Street Lights 416.94
Cancellation of Assessments 264.73
Appraisal Service 240.31
Excess Cost of Recount in City
Election 46.36 $ 1,478.59 $ 9,000.00 $ 7,521.41
Renove Building from Fairgrounds $ 140.48
Remove House 8th Ave. Parking Lot 279.50
Easement and Slope County Road #73
from #5 to #16 375.00
Easement on R.R. Property at
Extension of 11th Ave. So. 150.00
Annexing Property from Edina 25.00
Appraisal Service 250.00
Recording and Other Fees 10.84 1,230.82 5,000.00 3,769.18
Real Estate Taxes on City Property $ 97.35
Assessments on City Property 1,960.27 2,057. 62 2,500.00 442,38
P.I.R. Expenditures:
Payroll $3,780.82
Notices - Miscellaneous 854.15 4,634.97 7,298.00 2,663.03
Reserve for Uncollectible Taxes - 10,000.00 10,000.00
Purchase of Fairgrounds Property 11,800.00 11,800.00 -
Transfer to Surplus - 70,000.00 70,000.00
Total Contingencies $ 21,202.00 $115,598.00 $ 94,396.00
HENNEPIN COUNTY PARKS 2,046.60 2,100.00 53.40
Grand Totals $719,301.07 $859,332.00 $140,030.93
V
STRAND
& ROE
-28- EXHIBIT A-5
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - PARKING FUND RESERVES
OPERATING STATEMENTS
For the Year Ended December 31, 1963
On Street Off Street Parking
Description Parking_ Parking Violations Total
STATEMENT OF REVENUES
Meter Collections $4,793.06 $ $ $4,793.06
Special Parking Stickers 534.00 534.00
Violations 1,825.18 1,825.18
Total Revenues $4,793.06 $534.00 $1,825.18 $7,152.24
STATEMENT OF EXPENDITURES
Labor $2,429.58 $ $ $2,429.58
Supplies 29.53 29.53
Meter School 10.00 10.00
Repair Parts 276.30 276.30
Transfer to General Revenue 2,640.82 534.00 1,825.18 5,000.00
Total Expenditures $5,386.23 $534.00 $1,825.18 $7,745.41
V
STRAND
& ROE
-29- EXHIBIT A-6
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - RECREATION - BEACH CONCESSION
OPERATING STATEMENT
For the Year Ended December 31, 1963
Yiescription Amount Total
STATEMENT OF REVENUES
Concession Sales $7,181.24
Merchandise Refunds 352.28
Locker Fees 17. 60
Total Revenues $7,551.12
STATEMENT OF EXPENDITURES
Salaries $1,892.17
Merchandise and Supplies 3,852.86
License 5.15
Laundry 50.03
Utilities 165.78
Repairs and Maintenance 78.80
Total Expenditures $6,044.79
STRAND
& ROE
WATER UTILITY FUND
V
STRAND
& ROE '
1
-30- EXHIBIT B
City of Hopkins
Hopkins, Minnesota
WATER UTILITY FUND
BALANCE SHEET
As At December 31 1963
ASSETS
Petty Cash $ 100.00
Funds in Hands of Fiscal Agents 5,186.50
Investments 136,024.95
Accounts Receivable 6,824.93
Accrued Interest Receivable 341.42
Inventory 6,548.96
Capital Assets:
Land $ 5,355.20
Wells, Tanks, and Mains $1,512,596. 76
Meters 11,256.97
Office Equipment 1,780.10
Sundry Equipment 5,345.96
Vehicles 8,699.39
$1,539,679.18
Less: Allowance for Depreciation 246,336.59 1,293,342.59 1,298,697.79
Total Assets $1,453,724.55
LIABILITIES , RESERVES, AND SURPLUS
Treasurer's Cash (Deficit) $ 19,042.09
Matured Bonds and Interest 5,186.50
Bonds Payable 285,000.00
Interest Payable 70,625.50
Surplus - Current 130,898.17
Surplus - Invested in Fixed Assets 942,972.29
Total Liabilities, Reserves, and Surplus $1,453,724.55
V
STRAND
& ROE
-31- EXHIBIT B-1
City of Hopkins
Hopkins, Minnesota
WATER UTILITY FUND
ANALYSIS OF CHANGES IN SURPLUS
For the Year Ended December 31, 1963
SURPLUS - CURRENT
BALANCE - DECEMBER 31, 1962 $ 99,701.17
ADDITIONS:
Revenues per Accompanying Statement 133,109.98
$232,811.15
DEDUCTIONS:
Expenditures per Accompanying Statement $101,131.76
Adjust Inventory 781.22 101,912.98
BALANCE - DECEMBER 31, 1963 $130,898.17
SURPLUS - INVESTED IN FIXED ASSETS
BALANCE - DECEMBER 31, 1962 $755,758.06
ADDITIONS :
Current Surplus $ 3,531. 76
Special Assessments 184,332.90
Bond and Interest Payment 30,698.00 218,562. 66
$974,320.72
DEDUCTIONS:
Depreciation for the Year 31,348.43
BALANCE - DECEMBER 31, 1963 $942,972.29
STRAND
& ROE
-32- EXHIBIT B-2
City of Hopkins
Hopkins, Minnesota
WATER UTILITY FUND
STATEMENT OF REVENUES
For the Year Ended December 31 1963
Actual Estimated Over
Description Revenue Revenue (Under)
Service $151,914.63
Less: Transfer to Sewer Fund 22,787.21 $129,127.42 $112,720.00 $16,407.42
Other Income:
Disconnecting Water Mains $ 350.00
Insurance Claims and Refunds 75.00
Miscellaneous 805.29 1,230.29 700.00 530.29
Interest on Investments 2,752.27 1,500.00 1,252.27
Totals $133,109.98 $114,920.00 $18,189.98
V
STRAND
& ROE
1
-33- EXHIBIT B-3
City of Hopkins
Hopkins, Minnesota
WATER UTILITY FUND
STATEMENT OF EXPENDITURES
For the Year Ended December 31. 1963
Expendi- Appro- (Over)
Description tures priations Under
ADMINISTRATIVE:
Salaries:
Regular $ 8,455.22 $ 10,550.00 $2,094.78
Vacation 963.55 1,000.00 36.45
Holiday 830.22 850.00 19. 78
Sick Leave 672,06 600.00 (72,06)
Communications: 1
Telephone 270.00 350.00 80.00
Postage 359.41 300.00 (59.41)
Radio 157. 64 250.00 92.36
Travel and Subsistence 2.00 100.00 98.00
Tuition and Registration - 30.00 30.00
Maintenance of Equipment 1,636.17 300.00 (1,336.17)
Maintenance of Vehicles 496.98 500.00 3.02
Audit 700.00 700.00 -
Office Supplies 273.96 500.00 226.04
Gasoline and Oil 255. 72 600.00 344.28
Insurance:
Fire 590.83 700.00 109.17
Auto 163.89 250.00 86.11
Workmen's Compensation 700.00 700.00 -
Hospitalization 331. 67 340.00 8.33
Subscriptions 13.00 25.00 12.00
Retirement Contribution 2,400.00 2,400.00 -
General Fund Overhead 9,000.00 8,500.00 (500.00)
Total Administrative $ 28,272.32 $ 29,545.00 $1,272. 68
CAPITAL OUTLAY:
Hand Power Saw $ 52.47
Radio Antenna (Portion of Cost) 139.16
Install Coin Operated Water Sales
Meters at Shop 433.09
Grading Monk Avenue Water Station 364.00
Landscaping #3 Well Grounds 266.00 $ 1,254. 72 $ 2,500.00 $1,245.28
PUMPS AND WELLS: ✓
Salaries $ 6,318.48 $ 7,000.00 $ 681.52 STRAND
Heat 1,968.66 3,300.00 1,331.34 & R°E
Electricity 12,742.34 11,500.00 (1,242.34)
Miscellaneous Supplies 385.85 100.00 (285.85)
Maintenance Materials 898.45 1,500.00 601.55
Chemical Supplies 3,483.56 3,500.00 16.44
Total Pumps and Wells $ 25,797.34 $ 26,900.00 $1,102.66
-34- EXHIBIT B-3
Page 2
City of Hopkins
Hopkins, Minnesota
WATER UTILITY FUND
STATEMENT OF EXPENDITURES
For the Year Ended December 31, 1963
Expendi- Appro- (Over)
Description tures priations Under
DISTRIBUTION:
Salaries $ 8,139.63 $ 7,000.00 ($1,139. 63)
Meter Inspection - Payroll 89.93 200.00 110.07
Meter Reading - Payroll 1,968.53 2,200.00 231.47
Miscellaneous Supplies 218.36 100.00 (118.36)
Maintenance Supplies:
Servicing Tower and Reservoir $1,495.00
Other 768.68 2,263.68 2,500.00 236.32
Hydrants:
Fire Hydrants (2) 407.44 1,500.00 1,092.56
Meters 1,970.06 2,000.00 29.94
Total Distribution $ 15,057.63 $ 15,500.00 $ 442.37
DEBT RETIREMENT:
Bonds:
Issue of 6-1-54 $ 10,000.00 $ 10,000.00 $ -
Issue of 6-1-57 10,000.00 10,000.00 -
Interest:
Issue of 6-1-54 3,978.00 4,000.00 22.00
Issue of 6-1-57 6,720.00 6,750.00 30.00
Fiscal Agent Charges 51.75 - (51. 75)
Total Debt Retirement $ 30,749.75 $ 30,750.00 $ .25
Totals $101,131.76 $105 ,195.00 $4,063.24
po
STRANC
& ROE
-35- EXHIBIT B-4
City of Hopkins
Hopkins, Minnesota
WATER UTILITY FUND
FIXED ASSETS AND DEPRECIATION
As At December 31, 1963
Allowance for Depreciation
Balance Balance
Date Description Cost Rate 12-31-62 Deprec, 12-31-63
Land
12-31-62 Balance $ 4,725.20
Current Surplus 630.00
12-31-63 Balance $ 5,355.20
Wells , Tanks, and Mains
12-31-62 Balance $1,327,856.42 2% $205,622.08
Special Assessments 184,332.90
Current Surplus 407.44
12-31-63 Balance $1,512,596. 76 $28,404.53 $234,026.61
Meters
12-31-62 Balance $ 9,387.37 10% 2,369.07
Current Surplus 1,869. 60
12-31-63 Balance $ 11,256.97 1,032.22 3,401.29
Office Equipment
12-31-62 Balance $ 1,780. 10 10% 886.72
12-31-63 1,780.10 178.01 1,064.73
Sundry Equipment
12-31-62 Balance $ 4,860.40 10% 252.88
Current Surplus 485.56
12-31-63 $ 5,345.96 510.32 763.20
Vehicles
12-31-62 Power Digger (1/2) $ 2,539.03 10% 2,158.16 253.90 2,412.06
1952 Chevrolet 969.09 25% 969.09 - 969.09
Trfd. to Street Dept. (969.09) (969.09)
1959 Ford F-100 (1/2) 737.47 207 516.22 147.49 663.71
Worthington Com-
pressor (1/2) 1,899.00 20% 1,328.90 379. 60 1,708.50 STRAND
1961 Ford F-250 2,147.00 20% 616.40 435.40 1,051.80 & ROE
1963 1954 International
Dump - 1/2 Ton 1,237.73 20% - 1,237.73
1963 Radio Antenna (1/3) 139.16 10% - 6.96 6.96
12-31-63 Balance $ 8,699.39 $ 5,588. 77 $ 1,223.35 $ 7,080.76
Totals $1,545,034.38 $214,719.52 $31,348.43 $246,336.59
-36- EXHIBIT B-5
City of Hopkins
Hopkins, Minnesota
WATER UTILITY FUND
REVENUE BONDS
As At December 31 . 1963
WATER REVENUE WATER REVENUE
Interest Interest
Rate Rate Total
DATE OF ISSUE 6-1-54 6-1-57
MATURITY DATE June 1 June 1
BONDS PAYABLE: 1964 $ 10,000.00 2.5 $ 10,000.00 4.0 $ 20,000.00
1965 12,000.00 2.5 10,000.00 4.0 22,000.00
1966 12,000.00 2.5 10,000.00 4.0 22,000.00
1967 12,000.00 2.9 10,000.00 4.3 22,000.00
1968 12,000.00 2.9 10,000.00 4.3 22,000.00
1969 12,000.00 2.9 10,000.00 4.3 22,000.00
1970 13,000.00 2.9 10,000.00 4.3 23,000.00
1971 13,000.00 2.9 10,000.00 4.5 23,000.00
1972 13,000.00 2,9 10,000.00 4.5 23,000.00
1973 13,000.00 3.0 10,000.00 4.5 23,000.00
1974 13 ,000.00 3,0 10,000.00 4.5 23,000.00
1975. 20,000.00 4.5 20,000.00
1976 20,000.00 4.5 20,000.00
Total Bonds Payable $135,000.00 $150,000.00 $285 ,000.00
FUTURE INTEREST: 1964 $ 3,728.00 $ 6,320.00 $ 10,048.00
1965 3,453.00 5,920.00 9,373.00
1966 3,129.00 5,520.00 8,649.00
1967 2,781.00 5,105.00 7,886.00
1968 2,433.00 4,675.00 7,108.00
1969 2,085.00 4,245.00 6,330.00
1970 1,722.50 3,815.00 5,537.50
1971 1,345.50 3,375.00 4,720.50
1972 968.50 2,925.00 3,893.50
1973 585.00 2,475.00 3,060.00
1974 195.00 2,025.00 2,220.00 po
1975 1,350.00 1,350.00 a ROE
1976 450.00 450.00
Total Future Interest $ 22,425.50 $ 48,200.00 $ 70,625.50
-37- EXHIBIT B-6
City of Hopkins
Hopkins, Minnesota
WATER UTILITY FUND
ACCRUAL OPERATING STATEMENT
For the Year Ended December 31. 1963
OPERATING INCOME:
Water Sales $151,914.63
Less: Allocation to Sewer Utility 22,787.21 $129,127.42
Other Receipts 1.230.29
Operating Income $130,357. 71
OPERATING EXPENSES:
Salaries $ 27,437.62
Utilities:
Heat 1,968.66
Electricity 12,742.34
Communication 787.05
Vehicles and Equipment:
Maintenance 2,133. 15
Gasoline and Oil 255. 72
Office Supplies and Expense 273.96
Audit 700.00
Insurance 1,786.39
Travel 2.00
Subscriptions 13.00
Retirement Contribution 2,400.00
Overhead Charge - General Fund 9,000.00
Maintenance and Supplies 4,986.22
Maintenance and Supplies - Mains and Hydrants 768. 68
Meters 100.46
Servicing Tower and Reservoir 1,495.00
Depreciation 31,348.43
Total Operating Expenses 98,198.68
Net Operating Income $ 32,159.03
OTHER INCOME:
Interest Earned 2,752.27
$ 34,911.30 'o
OTHER DEDUCTIONS : STRAND
& ROE
Bond Interest $ 10,643.84
Bond Service Charges 51.75 10,695.59
Net Income for the Year $ 24,215.71
SEWER UTILITY FUND
V
STRAND
& ROE
-38- EXHIBIT C
City of Hopkins
Hopkins, Minnesota
SEWER UTILITY FUND
BALANCE SHEET
As At December 31 1963
ASSETS
Treasurer's Cash $ 26,266.19
Deposit with Bond Retirement Fund 4,049.20
Investments 94,306.18
Accounts Receivable 5,006.32
Accrued Interest Receivable 936.66
Due from Other Funds 5,000.00
Inventory 509.34
Fixed Assets:
Pumps and Mains $1,454,259.65
Equipment 1,027.77
Vehicles 27,652.95
$1,482,940.37
Less: Allowance for Depreciation 291,186.74 1,191,753. 63
Total Assets $1,327,827.52
LIABILITIES RESERVES AND SURPLUS
Accounts Payable $ 8,728.88
Due to City of Minneapolis 1,500.24
Due to Other Funds 139,312. 60
Bonds Payable 26,000.00
Interest Payable 877.50
Surplus - Current 55,844.77
Surplus - Invested in Fixed Assets 1,095,563.53
Total Liabilities, Reserves, and Surplus $1,327,827.52
STRAND
& ROE
-39- EXHIBIT C-1
City of Hopkins
Hopkins, Minnesota
SEWER UTILITY FUND
ANALYSIS OF CHANGES IN SURPLUS
For the Year Ended December 31. 1963
SURPLUS - CURRENT
BALANCE - DECEMBER 31, 1962 $ 100,524.26
ADDITIONS:
Revenues per Accompanying Statement $121,438.53
Inventory Adjustment 246.17 121,684. 70
$ 222,208.96
DEDUCTIONS:
Expenditures per Accompanying Statement $ 96,364.19
Transfer to P.I.R. Fund 70,000.00 166,364.19
BALANCE - DECEMBER 31, 1963 $ 55.844.77
SURPLUS - INVESTED IN FIXED ASSETS
BALANCE - DECEMBER 31. 1962 $ 835,319.91
ADDITIONS:
Special Assessments $264,106.00
Bond and Interest Payments 29,209.50
Deposit with Bond Retirement Fund 766.60
Equipment Purchased 1.024.16 295.106.26
$1,130,426.17
DEDUCTIONS:
Depreciation for the Year 34,862.64
BALANCE - DECEMBER 31, 1963 $1,095,563.53
STRAND
& ROE
-40- EXHIBIT C-2
City of Hopkins
Hopkins, Minnesota
SEWER UTILITY FUND
STATEMENT OF REVENUES
For the Year Ended December 31. 1963
Actual Estimated Over
Description Revenue Revenue (Under)
Service $ 93,086.88 $ 90,000.00 $3,086.88
Transfer From Water Utility 22,787.21 20,280.00 2,507.21
Connection Charges 2,400.00 1,600.00 800.00
Interest on Investments 2,964.44 500.00 2,464.44
Special Assessment for Sewer Connection 200.00 - 200.00
Totals $121,438.53 $112,380.00 $9,058.53
STRAND
& ROE
-41- EXHIBITC73
City of Hopkins
Hopkins, Minnesota
SEWER UTILITY FUND
STATEMENT OF EXPENDITURES
For the Year Ended December 31, 1963
Expendi- Appro® (Over)
Description turesrinLLisLs Under
ADMINISTRATIVE:
Salaries
Regular $ 6,874.04 $ 8,150.00 $1,275.96
Vacation 845.98 1,200.00 354.02
Holi&.y 781.92 750,00 (31.92)
Sick Leave 368.73 400.00 31.27
Communication:
Telephone 54.00 150.00 96,00
Postage 343.02 300,00 (43.02)
Radio Contract 157. 64 250.00 92.36
Maintenance of Equipment 85.12 50.00 (35.12)
Maintenance of Vehicles 209.83 400,00 190.17
Audit 700.00 700.00 -
Office Supplies 175.00 500.00 325.00
Gasoline and Oil 340.98 600.00 259.02
Miscellaneous Supplies 32. 70 300.00 267.30
Insurance:
Fire 383.53 500.00 116.47
Auto 39.65 100.00 60.35
Workmen's Compensation 700.00 700,00 -
Hospitalization 331.68 340,00 8.32
Subscriptions - 25.00 25.00
Retirement Contribution 1,200.00 1,200.00 -
General Fund Overhead 8,000.00 7,500.00 (500.00)
Drillane Lift Station - Lawsuit 375 00
_ , . 1375.00)
Total Administrative $23,998.82 $24,115.00 $ 116018
LIFT STATIONS:
Salaries $ 9,037.62 $ 8,500.00 $ (537.62)
Heat 335.71 400.00 64.29
Electricity 6,455. 73 5,800.00 (655. 73)
Maintenance of Equipment 1,813.12 1,500.00 (313.12)
Miscellaneous Supplies 65. 66 100.00 34.34
Maintenance Material 43.13 300.00 256.87
Chemical Supplies 857,08 900.00 42.92 10°'
STRAND
Total Lift Stations $18,608.05 $17,500.00 ($1,108.05) & ROE
MAINTENANCE AND DISPOSAL:
Salaries $ 1,610,95 $ 2,900.00 $1,289.05
Inspection Payroll 56.46 200.00 143.54
Service Disposal Charges 18,412.68 16,000.00 (2,412. 68)
Miscellaneous Supplies 2 ,14 100.00 97.86
Maintenance Materials 693.36 500.00 (193.36)
Sewer Cleaning 3i25.82 1,000.00 (2,125.82)
Total Maintenance and Disposal $23,901.41 $20,700.00 ($3,201.41)
-42- EXHIBIT C-3
Page 2
City of Hopkins
Hopkins, Minnesota
SEWER UTILITY FUND
STATEMENT OF EXPENDITURES
For the Year Ended December 31 _ 1963
Expendi- Appro- (Over)
Description tures priations Under
CAPITAL OUTLAY:
Receptacles, Outlet Box and Wires for
Trailer Mounted Generator $485.00
Radio Antenna (Portion of Cost) 139.16 $ 624.16 $ 6,000.00 $5,375.84
BOND RETIREMENT:
Bonds:
Issue of 12-1-45 $13,000.00 $13,000.00 $ -
Issue of 9-1-58 (Debt Retirement Fund) 13,000.00 13,000.00 -
Interest:
Issue of 12-1-45 877.50 1,200.00 322.50
Issue of 9-1-58 (Debt Retirement Fund) 2,332.00 2,310.00 (22.00)
Fiscal Agent Charges 22.25
Total Bond Retirement $29,231075 $29,510.00 $ 278,25
Totals $96,364.19 $97,825 .00 $1,460.81
V
STRAND
& ROE
-43- EXHIBIT C-4
City of Hopkins
Hopkins, Minnesota
SEWER UTILITY FUND
FIXED ASSETS AND DEPRECIATION
As At December 31, 1963
Allowance for Depreciation
Balance Balance
Date Description Cost Rate 12-31-62 Deprec. 12-31-63
Pumps and Mains
12-31-62 Balance $1,196,153. 65 2 1/27 $238,530.46
Special Assessments 264,106.00
Transfer to Vehicles (6,000.00)
12-31-63 $1,454,259.65 $33,205.16 $271,735. 62
Office Equipment
12-31-62 Balance $ 1,027. 77 10% 537.33
12-31-63 ;,a1ance 1,027.77 102. 78 640. 11
Vehicles and Equipment
12-31-62 Power Digger (1/2) $ 2,470.03 10% $ 2,099.51 $ 247.00 $ 2,346.51
Chevrolet - 1/2 Ton 1,298.00 257. 1,298.00 - 1,298.00
Junked (1,298.00) (1,298.00)
1952 Chev. - 3/4 Ton 495.00 445.00 - 445.00
Traded on 1961 Ford (495.00) (445,00)
Carryall Trailer 361.85 336.85 - 336.85
Fordson Diesel 6,553.00 6,053.00 - 6,053.00
Hoist Box 566.50 566.50 - 566.50
Bell Hole Bucket 204.20 204.20 - 204.20
Rodding Machine 3,980.00 3,880.00 - 3,880.00
Electric Motor 473.00 473.00 - 473.00
1959 Ford F-100 (1/2) 737.48 20% 516.22 147.49 663. 71
Worthington Compressor
(1/2) 1,898.00 1,328.90 379. 60 1,708.50
1961 Ford F-250 2,147.00 610.40 429.40 1,039.80
1954 Int`1 Dump 1,237. 73 - - 1,187. 73
Generator Tr. iler 6,885.00 10% - 344.25 344.25 V
Radio Antenna (1/3) 139.16 10'%0 6.96 6.96 STRAND
& ROE
12-31-63 Balance 1___171L,21 $ 17,811.58 $ 1,554. 70 $ 18,811.01
Totals $1,482,940.37 $256,879.37 $34,862. 64 $291,186. 74
-44- EXHIBIT C-5
City of Hopkins
Hopkins, Minnesota
SEWER UTILITY FUND
REVENUE BONDS
As At December 31, 1963
Bonds Interest Total
DATE OF ISSUE: 12- 1-45
MATURITY DATE: December 1
INTEREST RATE: 2.25%
PAYABLE:
1964 $13,000.00 $585.00 $13,585.00
1965 13,000.00 292.50 13,292.50
Totals $26,000.00 $877.50 X26,877.50
V
STRAND
& ROE
-45- EXHIBIT C-6
City of Hopkins
Hopkins, Minnesota
SEWER UTILITY FUND
ACCRUAL OPERATING STATEMENT
For the Year Ended December 31 . 1963
OPERATING INCOME:
Sewerage Disposal Charges $93,086.28
Allocation from Water Utility 22,787.21
Connection Charges 2°600.00
Total Operating Income $118,474.09
OPERATING EXPENSES!
Salaries $19,575.70
Utilities:
Heat 335.71
Light and Power 6,455.73
Communications 554.66
Vehicles and Equipment:
Maintenance 2,108.07
Gasoline and Oil 340.98
Office Supplies and Expense 175.00
Audit 700.00
Insurance 1,454.86
Retirement Contribution 1,200.00
Sewerage Disposal Charges 18,412. 68
Maintenance and Supplies 1,694.07
Overhead Charge 8,000.00
Depreciation 34,862. 64
Total Operating Expenses 95,870. 10
Net Operating Income $ 22,603.99
OTHER INCOME:
Interest Income 2.964.44
$ 25,568.43
OTHER DEDUCTIONS :
Interest Expense $ 3,094.13
Bank Service Charges 22.25 V
Sewer Cleaning 3,125.82 STRAND
Settlement of Drillane Lawsuit 2,375.00 8,617.20 & ROE
Net Income for the Year $ 16,951.23
1
PERMANENT IMPROVEMENT REVOLVING FUND
v
STRAND
& ROE
-46- EXHIBIT D
City of Hopkins
Hopkins, Minnesota
PERMANENT IMPROVEMENT REVOLVING FUND
BALANCE SHEET
As At. December 31. 1963
ASSETS
Investments $ 108,440.00
Assessments Receivable 1,169,272. 73
To Be Assessed 104,701. 64
Accounts Receivable 57.25
Accrued Interest Receivable 370.00
Due From Other Funds 70,000.00
Projects To Be Authorized 27,165.00
Work In Process 52,204. 76
Total Assets $1,532,211.38
LIABILITIES . RESERVES, AND SURPLUS
Treasurer's Cash (Deficit) $ 37,473.11
Projects Authorized 104,701. 64
Fund Balance 830,000.00
Surplus - Unappropri.ted 560,036. 63
Total Liabilities, Reserves , and Surplus $1,532,211.38
1/1
STRAND
& ROE
-47- EXHIBIT D-1
City of Hopkins
Hopkins, Minnesota
PERMANENT IMPROVEMENT REVOLVING FUND
ANALYSIS OF CHANGES IN SURPLUS
BALANCE - DECEMBER 31. 1962 $398,204.55
ADDITIONS:
Revenues Per Accompanying Statement $157,663.26
Interest on Current Year Assessment 166,229.17 323,892.43
$722,096.98
DEDUCT IONS :
Applied to Assessments Receivable $156,359.26
County Auditor Fees 241.54
Loss of Interest on Prepayments 5,024.42
Cancellation of Assessments 52.63
Interest Loss on Cancellation of Assessment on
U. S. Government Property 382.50 162,060.35
BALANCE - DECEMBER 31, 1963 $560,036.63
v
STRAND
& ROE
-48- EXHIBIT D-2
City of Hopkins
Hopkins, Minnesota
PERMANENT IMPROVEMENT REVOLVING FUND
STATEMENT OF REVENUES
For the Year Ended December 31, 1963
Actual
Description Revenue
Tax Settlements - Current $129,659.80
Delinquent 2,333. 71 $131,993.51
Collections by City 24,365.75
Interest on Investments 1,304.00
Total Revenue $157,663.26
V
STRAND
& ROE
-49- EXHIBIT D-3
City of Hopkins
Hopkins, Minnesota
PERMANENT IMPROVEMENT REVOLVING FUND
ASSESSMENTS RECEIVABLE
As At December 31., 1963
BALANCE - DECEMBER 31, 1962 $ 871,658.60
ADD:
Assessments Completed 461,657.94
$1,333,316.54
DEDUCT:
County Collections $131,993.51
City Collections 24,365.75
Assessments Cancelled 2,342.77
Interest Cancelled by Prepayment 5,024.42
Cancellation of Assessments on City-Owned
Property 317.36 164,043.81
BALANCE - DECEMBER 31, 1963 $1,169,272. 73
V
STRAND
& ROE
-50-
City of Hopkins
Hopkins, Minnesota
PERMANENT IMPROVEMENT REVOLVING FUND
CONSTRUCTION COSTS
For the Year Ended December 31, 1963
Construction Payments Administra-
Project In Progress Current tive
Location Number 12-31-62 Year Overhead
BLACKTOP:
9th Ave. No. - 1st to Excelsior 028 $ - $10,184.06 $ 1,527.61
9th Ave. No. - P. 0. to Excelsior 031 - 7,081.50 1,062.23
Alley Block 107 - W. Mpls. II 045 906.53 74.36 10.97
Alley Block 65 - W. Mpls. II 050 955.57 85.82 (4.11)
Alley - 17th to 18th 124 770.89 117. 60 16.46
Monroe -- 1st to 2nd 127 993. 76 3,515.07 483.75
Drillane 133 2,000.09 123.42 108.36
Burnes Drive 201 2,753.50 326.62 48. 60
Alley-Exc. to 1st - 19th to 20th 209 503.03 46.62 7.00
Alley-12 N. to 13 N. 3rd to R.R. 217 841.53 107.38 16.11
Alley - 6 S. to 7 S. (N. of 2nd) 219 549. 72 59. 78 8.97
Cottage Downs and Valley Way 224 5,620.94 840.25
7th Avenue South 229 1,411.24 211.99
Alley Jackson and Monroe 230 129. 60 709.01 106.36
Tenth Avenue 301 507.71 76.16
21st Avenue 304B 1,065.30 159.80
21st Avenue and Second 304E 4,168. 62 625.29
Third St. N. - 15 - 16 313
Alley - 5 to 6 - 2nd and 3rd 314 972.84 145.93
Alley - N. of Excelsior - 20 - 21 318 17.90 2. 69
13th Ave. S. and Second St. S. 321 1,145.96 130.18
Monroe Ave. and Monroe Place 329
Alley - 11 - 12 S. of 1st St. 331
INSTALLING STREETS:
Seventh St. S. 003A 908. 78
14th Avenue S. 003B 205.04 209.24 31.39
5th Street S. 105 3,119.07 71.85
Alice Smith - Church 203 3,270.46 2,643.87 396.58
No. of R.R. - 15th - 16th 213 1,024.08 1,169.08 328.97
Road Between Robinwood Lane and
County Road 13 232 6.13 3,904.55 364.83
Harrison Avenue 308B 1,104.23 165.63
CURB AND GUTTER_:
7th Street S. 214 4,812.22 (3.02)
No. Side Second St. No. 222 495.91 45.48 6.83
21st Ave. N. and Second St. No. 304A 3,307.17 504.78
Widen Excelsior 309 1,396.72 209.81
STORM SEWER:
Harrison Avenue 308A 1,726. 76 260.10
-50- EXHIBIT D-4
Eliminated Interest Assessed ,� Construction Projects
or and Fee Property City In Progress Authorized
Transferred Charges Total Owners Share 12-31-63 12-31-63
$ $ 2,289.56 $ 14,001.23 $ 14,001.23 $ $ $
(.02) 1,592.49 9,736.24 9,736.24
196. 76 1,188. 62 1,188. 62
206.49 1,243. 77 1,243. 77
7.87 180.67 1,077. 75 1,077. 75
975.55 5,968.13 5,968.13
.88 436.31 2,667.30 2,667.30
2, 62 612.39 3,738.49 3,738.49
114.08 670.73 670. 73
192.74 1,157. 76 1,157. 76
127.23 745.70 745.70
6,461.19 6,461.19 2,949.75
1,623.23 1,623.23 1,884.00
944.97 944.97 1,380.00
583.87 583.87 506.46
1,225.10 1,225.10 266.60
4,793.91 4,793.91 4,000.00
965.00
1,118. 77 1,118. 77 1,141.26
20.59 20.59 345.00
1,276.14 1,276.14 10,563.00
4,388. 69
1,292.60
908.78 908. 78 1,942.00
445. 67 445. 67 392.00
3,190.92 3,190.92 2,760.00
2,177. 76 8,488.67 8,488.67
497.48 3,019.61 3,019. 61
4,275.51 4,275.51 4,961.80
1,269.86 1,269.86 1,994.00
Po
20.13 1,667.31 6,456.38 6,456.38
110.20 658.42 658.42 STRAND
& ROE
3,811.95 3,811.95 3,680.00
1,606.53 1,606.53 1,694.98
1,986.86 1,986.86 3,508.00
-51-
City of Hopkins
Hopkins, Minnesota
PERMANENT IMPROVEMENT REVOLVING FUND
CONSTRUCTION COSTS
For the Year Ended December 31 . 1963
Construction Payments Administra.-
Project In Progress Current tive-
Location Number 12-31-62 Year Overhead
SIDEWALKS:
Various 205 $ 5,325.62 $ $ (8.12)
Blake Clinic 216 423.20
213 - 11th Ave. N. & 32 - 10th S. 225 541.01
Suburban Chevrolet 231 5,100.97 77.32 11. 60
9th Soo and 1st 233 1,301.58 108.53 16.28
210 - 12th Ave. Noo 311
Miscellaneous 327 1,741.56 261.23
WATER:
Monroe Ave. No. 014 116.01
11th Ave. So, 111 216.38 8,691.06
7th St. So. 113 40.20 2,342.85
5th St. So. 117 4,923.44
12 - 13 - 14 Ave. So. 119 3,887.35
Monroe Ave. No. 211 2,670.43
Harrison Ave. 306 1,778.80 268.55
Monroe Place 316 1,343. 75 201.56
5th Ave. So. and Co. Road 3 320
13th Ave. So. Between 1st and 2nd 323
SEWER:
11th Ave. So. 110 279,353.29 (15,726.40)
7th St. So. 112 3,446.04 2,862.36
5th St. So. 114 2,423.58 4,923.44
12 - 13 - 14 Ave. So. 116 2,798.95
Monroe Ave. No. 210 2,671.53 (3.28)
First St. So. 236 1,578.24 236.74
Harrison Ave. 307 1,723.50 260,81
Monroe Place 317 1,521.40 228.21
5th Ave. So. and Co. Road 3 319 10.00
13th Ave. So. Between 1st and 2nd 322
Lempke Residence 324 629.96 94.49
CURB:
10th Ave. - City Drug (Howell) 223 1,819.31
310 - 2nd No. 226 103.38
7th St. So. 228 1,002.92
5th Ave. No. 330 64.12 9. 62
DRIVEWAYS:
307 - 5th 227 111.88
125 and 201 - 7th St. So. 234 318.40
335 - 17th No. 235 225.12
Swly. of 6th Ave. So, and 7th St. So. 237 116.79
725 - 8th Ave. Soo 238 95.99
338 - 19th Ave. No. 328
31 - 6th Ave. Soo 332
Totals $331,669.54 $63,426.03 $24203.09
-51- EXHIBIT D-4
Page 2
Eliminated Interest Assessed Construction Projects
or and Fee Property City In Progress Authorized
Transferred Charges Total Owners Share 12-31-63 12-31-63
$(1,181.43) $ 2,300.04 $ 8,798.97 $ 8,781.69 $ 17.28 $ $
157.89 581.09 581.09
188.24 729.25 729.25
1,807.64 6,997.53 6,997.53
492, 61 1,919.00 1,919.00
62.10
2,002.79 . 2,002.79 2,910.91
116,01 116.01
(33,802.56) 27,803.92 70,513.92 70,513.92
(15,578. 77) 11,692.97 29,654.79 29,654. 79
(24,879,60) 19,401.53 49,204.57 49,204.57
(17,287.55) 13,784. 72 34,959.62 34,959. 62
2,670.43 2,670.43 5,187.00
2,047.35 2,047.35 2,565.00
1,545.31 1,545.31 1,800.00
10,275.25
5,308.40
157,792. 71 23,325.02 129,159.20 59,159.20 70,000.00
(15,636.35) 14,284.20 36,228.95 36,228.95
(30,399.34) 24,569. 72 62,316.08 62,316.08
(18,659.68) 13,967. 74 35,426.37 35,426.37
21.87 2,646,38 2,646.38 5,521.00
1,814.98 1,814.98 2,610.50
1,984.31 1,984.31 2,959.00
1,749.61 1,749. 61 2,495.00
10.00 10.00 5,428.00
5,856.95
.01 250.96 975.40 975.40
630. 64 2,449.95 2,449.95
Po
103.38
1,002.92 & ROEC
73.74 73.74 930.00
111.88
8.88 107.29 416.81 416.81
44.61 269.73 269.73
23.25 140.04 140.04
19.16 115.15 115.15
143.75
33.64
$ 1,647.85 $166,229.17 $583,879.98 $461,657.94 $70,017.28 152,204. 76 $104,701. 64
SPECIAL ASSESSMENT FUND
V
STRANC
& ROE
-52- EXHIBIT E
•
City of Hopkins
Hopkins, Minnesota
SPECIAL ASSESSMENT FUND
BALANCE SHEET
As At December 31, 1963
ASSETS
Treasurer's Cash $ 4,301.96
Funds in Hands of Fiscal Agents 21,830.00
Investments 85,000.00
Assessments Receivable. 112,534. 76
Accrued Interest Receivable 921.25
Total Assets $224,587.97
LIABILITIES, RESERVES , AND SURPLUS
Matured Bonds and Interest $ 21,830.00
Due to Other Funds 5,000.00
Bonds Payable 44,000.00
Interest Payable 4,540.00
Surplus - Unappropriated 149,217.97
Total Liabilities, Reserves, and Surplus $224,587.97
V
STRANC
& ROE
-53- EXHIBIT E-1
City of Hopkins
Hopkins, Minnesota
SPECIAL ASSESSMENT FUND
ANALYSIS OF CHANGES IN SURPLUS
BALANCE - DECEMBER 31, 1962 $146,523.87
ADDITIONS:
Revenues per Accompanying Statement $44,203. 62
Payment on Bonds 65,607.00 109,810. 62
$256,334.49
DEDUCTIONS:
Expenditures per Accompanying Statement $65,703.50
Applied to Assessments Receivable 40,825.09
Interest Cancelled on Prepayments 587.93 107,116.52
BALANCE - DECEMBER 31, 1963 $149,217.97
STRAW
& ROE
-54- EXHIBIT E-2
City of Hopkins
Hopkins, Minnesota
SPECIAL ASSESSMENT FUND
OPERATING STATEMENT
For the Year Ended December 31 1963
STATEMENT OF REVENUES
Actual
Description Revenues
Tax Collections - Current $36,169.81
Delinquent 1,754.37 $37,924.18
Direct Collections by the City 2,900.91
Interest on Investments 3,378.53
Total Revenues $44.203.62
STATEMENT OF EXPENDITURES
Description Expenditures
Water Bonds (1947) Principal $ 1,000.00
Interest 120.00
Improvement Bonds (1952) Principal 11,000.00
Interest 110.00
Improvement Bonds (1953) Principal 31,000.00
Interest 837.00
Improvement Bonds (1954) Principal 20,000,00
Interest 1,540.00
Fiscal Agent Charges 96.50
Total Expenditures $65,703.50
V
STRANC
& ROE
-55- EXHIBIT E-3
City of Hopkins
Hopkins, Minnesota
SPECIAL ASSESSMENT FUND
ASSESSMENTS RECEIVABLE
As At December 31, 1963
BALANCE - DECEMBER 31, 1962 $153,947. 78
DEDUCTIONS:
County Collections $37,924.18
City Collections 2,900.91
Interest Cancelled on Prepayment 587.93 41,413.02
BALANCE - DECEMBER 31, 1963 $112,534.76
V
STRANC
& ROE
-56- EXHIBIT E-4
City of Hopkins
Hopkins, Minnesota
SPECIAL ASSESSMENT FUND
BOND MATURITIES
As At December 31 1963
Water Bonds Improvement Bonds
Interest Interest
Rate Rate Total
DATE OF ISSUE 11-1-47 6-1-54
MATURITY DATE January 1 December 1
BONDS PAYABLE: 1964 (a) 2.47, $20,000.00 2.4% $20,000.00
1965 $1,000.00 2.4 2,000.00 2.8 3,000.00
1966 1,000.00 2.4 2,000.00 2.8 3,000.00
1967 1,000.00 2.4 2,000.00 2.8 3,000.00
1968 1,000.00 2.4 2,000.00 2.8 3,000.00
1969 2,000.00 2.8 2,000.00
1970 2,000.00 3.0 2,000.00
1971 2,000.00 3.0 2,000.00
1972 2,000.00 3.0 2,000.00
1973 2,000.00 3.0 2,000.00
1974 2,000.00 3.0 2,000.00
Total Bonds Payable $4,000.00 $40,000.00 $44,000.00
FUTURE INTEREST: 1964 (a)$ 48.00 $ 1,060.00 $ 1,108.00
1965 84,00 580.00 664.00
1966 60.00 524.00 584.00
1967 36.00 468.00 504.00
1968 12,00 412.00 424.00
1969 356.00 356.00
1970 300.00 300.00
1971 240.00 240.00
1972 180.00 180.00
1973 120.00 120.00
1974 60.00 60.00
STRANC
& ROE
Total Future Interest $ 240.00 $ 4,300.00 $ 4,540.00
Note: (a) Payment due January 1, 1964, remitted to
fiscal agent in November 1963.
BOND RETIREMENT FUND
Po'
STRAND
& ROE
-57- EXHIBIT F
City of Hopkins
Hopkins, Minnesota
BOND RETIREMENT FUND
BALANCE SHEET
As At December 31, 1963
ASSETS
Treasurer's Cash $ 19,692.88
Funds in Hands of Fiscal Agents 2,818.00
Investments 59,220.00
Accrued Interest Receivable 291.50
Current Tax Levy 57,408.00
Future Tax Levies 165,270,00
Due Prom Other Funds 69,312. 60
Total Assets $374,012.98
LIABILITIES , RESERVES, AND SURPLUS
Matured Bonds and Interest $ 2,818.00
Bonds Payable 280,000.00
Interest Payable 25,482.00
Due to Other Funds 1,000.00
Reserve for Sewer Utility Fund Bond Issue 4,049.20
Reserve for Uncollectible Taxes 15,768.60
Surplus - Unappropriated 44,895.18
Total Liabilities, Reserves, and Surplus $374,012.98
STRAND
& ROE
-58- EXHIBIT F-1
City of Hopkins
Hopkins, Minnesota
BOND RETIREMENT FUND
ANALYSIS OF CHANGES IN SURPLUS
BALANCE - DECEMBER 31 1962 $ 36,830.00
ADDITIONS:
Revenues per Accompanying Statement $100,122. 64
Current Funds Requirements Reduced:
December 31, 1962 $39,345.00
December 31, 1963 29,260.00 10,085.00 110,207. 64
$147,037.64
DEDUCTIONS:
Expenditures per Accompanying Statement 102,142.46
BALANCE - DECEMBER 31, 1963 $ 44,895.18
STRAND
& ROE
-59- EXHIBIT F-2
City of Hopkins
Hopkins, Minnesota
BOND RET IREMENT FUND
OPERATING STATEMENTS
For the Year Ended December 31. 1963
STATEMENT OF REVENUES
Actual Estimated Over
Description Revenue Revenue (Lluisa)
Tax Settlements - Current $81,128.08
Delinquent and
Penalty 2,114.86 $ 83,242.94 $80,547.00 $ 2,695.94
Sewer Utility Fund - Principal and Interest 15,332.00 15,332.00
Interest Earned on Investments 1,547. 70 1,547. 70
Total Revenues $100,122. 64 $80,547.00 $19,575. 64
STATEMENT OF EXPENDITURES
Payments Actual Appro- (Over)
Description Principal Interest Expenditures priations Under
Water Bonds (1945) $ 2,500.00 $ 90.00 $ 2,590.00 $ 2,747.00 $ (157.00)
Storm Sewer (1953) 20,000.00 840.00 20,840.00 21,600.00 (760.00)
Permanent Improvement 10,000.00 100.00 10,100.00 - 10,100.00
(1952)
Permanent Improvement 25,000.00 3,000.00 28,000.00 29,400.00 (1,400.00)
(1955)
Permanent Improvement 20,000.00 5,130.00 25,130.00 26,800.00 (1,670.00)
(1957)
Permanent Improvement 13,000.00 2,332.00 15,332.00 - 15,332.00
(1958)
Fiscal Agent Charges 150.46 - 150.46 v
STRAND
Total Expenditures $102,142.46 $80,547.00 $21,595.46 & Roe
-60-
City of Hopkins
Hopkins, Minnesota
BOND RETIREMENT FUND
GENERAL OBLIGATION BONDS
As At December 31 1963
Permanent
DATE OF ISSUE 12- 1-55
MATURITY DATE December 1
INTEREST RATE 3%
BONDS PAYABLE: 1964 $25,000.00
1965 25,000.00
1966 25,000.00
1967
1968
1969
Total Bonds Payable $75,000.00
FUTURE INTEREST: 1964 $ 2,250.00
1965 1,500.00
1966 750.00
1967
1968
1969
Total Future Interest $ 4,500.00
RESERVE FOR UNCOLLECTIBLE TAXES: 1964 $ 1,450.00
1965 1,400.00
1966 1,350.00
1967
1968
Total Reserve for Uncollectible Taxes $ 4,200.00
Total Bonds, Interest, and Reserve $83,700.00
FUNDS PROVIDED BY:
Levies Collectible In 1964 $28,700.00
1965 27,900.00
1966 27,100.00
1967
1968
1969
Total Levies $83,700.00
TO BE 0 v',AINED FROM CURRENT FUNDS -
Totals As Above $83,700.00
Note: (a) Payment due January 1, 1964, remitted to
fiscal agent in November, 1963
-60- EXHIBIT F-3
II„___,maroveirkent Revolving Fund Water Storm
Total Bonds Sewer Total
6- 1-57 3- 1-45 9- 1-53
June 1 January 1 March 1
3. 7/4.1% 1.2% 2.8%
$ 20,000.00 $ 45,000.00 (a) $20,000.00 $ 65,000.00
20,000.00 45,000.00 $2,500.00 47,500.00
20,000.00 45,000.00 2,500.00 47,500.00
20,000.00 20,000.00 20,000.00
20,000.00 20,000.00 20,000.00
20$000.00 20,000.00 20,000.00
$120,000.00 $195,000.00 $5,000.00 $20,000.00 $220,000.00
$ 4,.390.00 $ 6,640.00 $(a)30.00 $ 280.00 $ 6,950.00
3,650.00 5,150.00 45.00 5,195.00
2,870.00 3,620.00 15.00 3,635.00
2,050.00 2,050.00 2,050.00
1,230.00 1,230.00 1,230.00
410.00 410.00 410.00
$ 14,600.00 $ 19,100.00 $ 90.00 $ 280.00 $ 19,470.00
$ 1,610.00 $ 3,060.00 $ 133.00 $ $ 3,193.00
1,650.00 3,050.00 125.00 3,175.00
1,630.00 2,980.00 2,980.00
1,550.00 1,550.00 1,550.00
1,570.00 1,570.00 1,570.00
$ 8,010.00 $ 12,210.00 $ 258.00 $ - $ 12,468.00
$142,610.00 $226,310.00 $5,348.00 $20,280.00 $251,938.00
$ 26,000.00 $ 54,700.00 $2,708.00 $ $ 57,408.00
25,300.00 53,200.00 2,670.00 55,870.00 ►1
24,500.00 51,600.00 51,600.00 STRAND
23,600.00 23,600.00 23,600.00 & ROE
22,800.00 22,800.00 22,800.00
11,400.00 11.400.00 11,400.00
$133,600.00 $217,300.00 $5,378.00 $ - $222,678.00
9,010.00 9,010.00 (30.00) _ 20.280.00 29,260.00
$142,610.00 $226,310.00 $5,348.00 $20,280.00 $251,938.00
-61- EXHIBIT F-4
City of Hopkins
Hopkins, Minnesota
BOND RETIREMENT FUND
REVENUE BONDS - BOND AND NT EST SUMMARY
As At December 31 , 1963
SEWER UTILITY REVENUE BONDS
DATE OF ISSUE: 9- 1-58
MATURITY DATE: December 1
Interest Bonds Future
Year RatePayable Interest Reserve(a) Total
1964 3.10% $12,000.00 $1,968.00 $ 698.40 $14,666.40
1965 3.10% 12,000.00 1,596.00 679.80 14,275.80
1966 3.40% 12,000.00 1,224.00 661.20 13,885.20
1967 3.407. 12,000.00 816.00 640.80 13,456.80
1968 3.40% 12,000.00 408.00 620.40 13,028.40
Totals $60,000.00 $6,012.00 $3,300.60 $69,312. 60
(a) Reserve deposited with Bond Retirement
Fund by Sewer Utility.
SUMMARY - BOND RETIREMENT FUND
Bonds Future
Description Payable Interest Reserve Total
Tax Levy Issues (Exhibit F-3) $220,000.00 $19,470.00 $12,468.00 $251,938.00
Revenue Issue (Above) 60,000.00 6,012,00 3,300. 60 69,312. 60
Totals $280,000.00 $25,482.00 $15,768.60 $321,250. 60
TAX LEVIES
Certified to County Auditor $222,678.00
V
Less: STRAND
Due on Current Collections 57,408.00 & ROE
Collections - Future Years $165,270.00
CAPITAL, FUND
V
STRAND
& ROE
-62- EXHIBIT G
City of Hopkins
Hopkins, Minnesota
CAPITAL FUND
BALANCESHEET
As At December 31, 1963
ASSETS
Land $ 404,056.27
Buildings 139,417.55
Vehicles $280,428.52
Less: Allowance for Depreciation 547.98 279,880.54
Equipment $208,347.19
Less: Allowance for Depreciation 3,634.41 204,712. 78
Other Improvements 2,072,625.37
Total Assets $3,100,692.51
LIABILITIES AND SURPLUS
Surplus - Invested in Fixed Assets $3,100,692.51
Total Liabilities and Surplus $3,100,692.51
V
STRAND
& ROE
-63- EXHIBIT G-1
City of Hopkins
Hopkins, Minnesota
CAPITAL FUND
ANALYSIS OF CHANGES IN SURPLUS
For the Year Ended December 31. 1963
BALANCE _ DECEMBER 31 , 1962 $3,014,301.39
ADDITIONS:
Surplus = Unappropriated:
Council:
Tape Recorder $ 274.93
General Office:
Secretarial Desk 216.99
Royal Typewriter 211.50
Addo-X Adding Machine 376.00
Police:
(2) 1963 Chevrolets 4,855.70
(3) Clothing Lockers 57.90
Fire:
Base Station Radio 495.00
Radio Antenna 139.18
(2) Scott Air Paks and Cylinders 485.36
Deluge Gun for LaFrance Truck 495.00
Engineering:
4-Drawer Legal File 73.00
Street:
Filtered Air Helmet 172.10
Asphalt Cutter 295.00
1964 Ford Truck 9,495.07
Snow Plow 995.00
Sanitation:
1964 Chevrolet Truck 11,789.95
Library:
Desk and Chair 378.00
Shelving 2,680.13
Clock 70.00
Wire Book Supports 265.00
Sliding Reference Shelves 40.00
Range Finders 15.00
Tables and Chairs 541.00
Book Return 225.00
Bicycle Rack 40.00
Parks:
L.nd Improvements:
Shady Oak Beach $ 423.24 V
Fairgrounds 198.32 STRAND
Harley Hopkins 1,120.50 & ROE
Park Valley Buffer 278. 75
Softball Field 470.94
Hilltop Park 92. 75
Interlachen Park 132.00 2,716.50 $ 37,398.31
Equipment:
Diving Board $ 248.25
Rollei Camera 251.90
Posture Chair 93.00
Flood Lights - Burnes
Park 111.95
Tennis Courts - Burnes
Park 12,812.40
... .-.- .-._.._..
-64- EXHIBIT G-1
Page 2
City of Hopkins
Hopkins, Minnesota
CAPITAL FUND
ANALYSIS OF CHANGES IN SURPLUS
For the Year Ended December 3.1 . 1963_
Balance (Brought Forward) $3,014,301.39
ADDITIONS: (Continued)
Surplus - Unappropriated (Brought Forward) $37,398.31
Parks: (Continued)
Equipment: (Continued)
Fence - Park Valley
Buffer $ 539.00
Cancellation of Prior
Year Accounts Payable (488.12)
4-Wheel Trailer 150.00 $13,718.38
Special Assessments:
Blacktop $42,195.72
Streets 11,508.28
Sidewalks 19,025.84
Curb and Gutter 9,56475
Driveways 941. 73 83,236.32 96,954.70 134,353.01
$3,148,654.40
DEDUCTIONS :
Traded:
Crown Graphic Camera $ 200.00
Remington Adding Machine 75.00
1962 Plymouths (2) 4,812.00
1954 International Truck 4,502.94
1953 White Truck 7,244.90
Crawler Tractor 16,667.00
1952 Ford Truck 6,032. 62
1944 International Truck 500.00
International Pickup 350.00
1951 Studebaker Panel Truck 495.00 $40,879.46
Sales:
Lots on Street Car Right of Way (1,014.68)
Buildings Razed 24,313.26 64,178.04
BALANCE - DECEMBER 31_, 1963 $3,084,476.36
V
STRAND
& ROE
-65- EXHIBIT G-2
City of Hopkins
Hopkins, Minnesota
CAPITAL ASSETS
As At December 31,..19_03
Balance E1imi- Balance
Description 1212-31-62 Additions nations 12-31-63
LAND:
City hall Site $ 23,000.00 $ $ $ 23,000.00
G:xage, Shop, and Warehouse Site 15,000.00 15,000.00
Gravel Pit 7,887.50 7,887.50
Parking Lots 74,067.70 74,067.70
Parks and Playgrounds 122,509.58 122,509.58
Right of Ways 73,41.0.03 (1,014.68) 76,424.71
Fairgrounds Drainage System 4,166.78 4,166.78
Fairgrounds Land 81.000.00 81,000.00
Total L-nd $ 403,041.59 $ $(1,014.68)$ 404,056.27
BUILDINGS
City Hall, Fire Dept. and Jail $ 73,000.00 $ $ $ 73,000.00
Library 19,000.00 19,000.00
Shop =,nd Warehouse 21,300.00 21,300.00 -
Garages 21,413.26 3,013.26 18,400.00
Parks and Playgrounds 17,019.59 2,997.96 20,017.55
Fairgrounds - #1 2,000,00 2,000.00
#2 4,000.00 4,000.00
#3 1,000,00 1,000.00
#4 2 A000.00 _. ----_____�_ ::.2,000.00
Total Buildings $ 160,732.85 $ 2,997.96 $24,313.26 $ 139,417.55
FURNITURE tl.I_ D_ EOUIPMEIdTT
City Hall $ 29,823.08 $ 1,079.42 $ 75.00 $ 30,827.50
Library 22,200.88 4,254 13 26,455.01
Police 6,304.33 57.90 6,362.23
Street:
Concrete Mixer 533.20 533.20
Backfill Tamper 206.00 206.00
Used Pulvi Mixer 450.00 450.00
Steam Cleaner 100.00 100.00
Dragline Bucket 489.13 489.13
Snow Plow Blades 217.69 217.69
Wire Gutter Broom 447.50 447.50
Elec. Magic Steam Cleaner 356.00 356.00
Chain Saw 263.66 263.66
Crow Luber 264.95 264.95 vt
Sioux Impact Wrench 325.00 325.00 STRAND
Frost Bite:ker 175.00 175.00 & ROE
Swenson Self-Feeding Spreader 464.00 464.00
Rosco Vibrapac Roller 1,975.00 1,975.00
Cleanmaster 175.00 175.00
Speed=O-Matic Changer 50.00 50.00
8 1/2° Swenson Spreader 470.46 470.46
Snow Plows (2) 1,938.00 1,938.00
Electric Chain Saw 130.50 130.50
Kel Tune Master 254.50 254.50
Air Compressor 5 H.P. 499.00 499.00
Cub Tr:ctor 1,650.00 1,650.00
Tractor Shovel Loader afro) 23,324.47 23,324.47 -
Other 30,579.87 467.10 31,046.97
Office Equipment 516.84 516.84
-66- EXHIBIT G-2
Page 2
City of Hopkins
Hopkins , Minnesota
CAPITAL ASSETS
As At December 31, 1963
Balance Elimi- Balance
Description 12-31-62 Additions nations 12-31-63
FURNITURE AND EQUIPMEN_T_: (Continued)
Fire Department $ 21,505.09 $ 1,119.54 $ $ 22,624. 63
Parks and Playgrounds 34,172.65 17,835.08 52,007.73
Recreation 3,508.29 344.90 200.00 3,653.19
Stores:
Fuel Oil Pump 135.00 135.00
Industrial Pump 361.19 361.19
Aerial M=:gas 13,743.00 13,743.00
Engineering 4,128.97 73.00 4,201.97
Beach Concession 2,769.44 2,769.44
Civil Defense 2,067.61 2,067.61
Weed Control 140.29 140.29
Total Furniture and
Equipment $ 206,715.59 $ 25,231.07 $23,599.47 $ 208,347.19
VEHICLES:
Police Department:
1953 Motorcycle $ 695.00 $ $ $ 695.00
1962 Plymouths (2) 4,812,00 4,812.00 -
1963 Chevrolets (2) 4,855.70 4,855.70
Fire Department:
1941 LaFrance Fire Truck 5,500.00 495.00 5,995.00
1941 Buffalo Fire Truck 9,963.64 9,963. 64
1952 Mack Fire Truck 16,500.00 16,500.00
1932 Pirsch Pumper 900.00 900.00
1958 Rescue Truck and Body 9,375.53 9,375.53
1963 Pirsch Pumper 27,940.00 27,940.00
Sanitation Department:
1952 Ford Truck 6,032. 62 6,032.62 -
1957 Ford Chassis w/Body (Tfr.) 4,597.00 3,000.00 7,597.00
1953 White Truck and Gar Wood
Garbage Packer 7,244.90 7,244.90 -
Crawler Tractor 16,667.00 16,667.00 -
1961 Chevrolet Truck 10,176.00 10,176.00
1964 Chevrolet Truck w/16 Yard
Refuse Collection Unit 11,789.95 11,789.95
Engineering Department:
1962 Falcon Bus w/Flasher 1,976.63 1,976. 63 V
Recreation: STRAND
Tractor Mower 486.45 486.45 & ROE
. Trailer Sprayer 163.35 163.35
Parks:
Rotary Mower 89.95 89.95
Wayne Loader 125.00 125.00
Snow Sweeping 1room 1,163.50 1,163.50
Model F Tractor 4,663.40 4,663.40
Tractor Accessories 202.37 202.37
Lawn Mowers (2) 200.00 200.00
Gravely Sno-Blower 197.17 197.17
1952 Ford 1/2 Ton 170.00 170.00
1961 Chevrolet 3/4 Ton 4,693.95 4,693.95
4-Wheel Tr. iter 150.00 150.00
-67- EXHIBIT G-2
Page 3
City of Hopkins
Hopkins , Minnesota
CAPITAL ASSETS
As At December 31. 1963
Balance Elimi- Balance
Description 12-31-62 Additions nations 12-31-63
VEHICLES: (Continued)
Street Department:
1942 Mack Tank Truck $ 495.00 $ $ $ 495.00
1944 International Truck 500.00 500.00 -
1954 International Truck 4,502.94 4,502.94 -
Mpls. Moline "R" Tractor 2,169.50 2,169.50
Mpls. Moline "U" Tractor 5,557.50 5,557.50
1948 Cat. Motor Grader 109809.00 10,809.00
Huber 5-8 Ton Roller 5,034.26 5,034.26
Caterpillar Tractor Shovel Loader (Tfr.)23,324.47 23,324.47
Elgin Sweeper 10,355.00 10,355.00
Trailer 200.00 200.00
1952 Chevrolet Truck 579.45 579.45
Snow Loader 1,550.00 1,550.00
International Pickup 350.00 350.00 -
1952 Chevrolet Pickup (Tfr.) 500.00 500.00
Cat. Diesel Motor Grader 11,241.00 11,241.00
Truck. Carrier & Trailer Axle Wheels 574.00 574.00
Tarco Salt Spreader & Elec.Starter 573. 60 573. 60
Trailer 510.00 510.00
9-Wheel Roller 729.20 729.20
1951 Studebaker Panel Truck 495.00 495.00 -
1953 Dodge Dump Truck 2,225.50 2,225.50
Cub Tractor Hyd. System - 1 Blade 600.00 600.00
Rotary Mower 310.00 310.00
Sherman Loader & Material Bucket 1,800.00 1,800.00
1951 Ford Dump Truck 1,420.00 1,420.00
A.-W. Pickup Street Cleaner 10,548.00 10,548.00
1957 International Dump Truck 4,716.66 4,716.66
1957 International Dump Truck 4,716. 67 4,716. 67
Lorraine Moto Loader 18,500.00 18,500.00
1959 Ford F-100 1,474.95 1,474.95
Swenson Spreader 444.00 444.00
1961 Chevrolet Truck 12,324.05 12,324.05
1961 Chevrolet Truck 12,324.05 12,324.05
1961 Chevrolet Pickup 2,540.00 2,540.00
1964 Ford Truck w/Snow Plow 10,490.07 10,490.07
Administrative: V
Valiant
1,723.00 1,723.00 STRAND
& ROE
Total Vehicles $ 266,427.79 $ 54,605.19 $40,604.46 $ 280,428.52
-68- EXHIBIT O-2
Page 4
City of Hopkins
Hopkins, Minnesota
CAPITAL ASSETS
As At December 31 . 1963
Balance Elimi- Balance
Descriesion 12-31-62 Additions nations 12-31-63
OTHER IMPROVEMENTS
Streets, Alleys, and Sidewalks $1,269,794.74 $ 83,236.32 $ $1,353,031.06
Street Lights 116,145.47 116,145.47
Parking Meters 23,073.15 23,073.15
Parking Meters - Municip. 1 Lots 842.80 842.80
Sign Lights 16,400.00 16,400.00
Parking Lots 222,079.44 222,079.44
Storm Sewers 306,844.01 306,844.01
Traffic Signals 15,263.19 15,263.19
Parks 8,987.38 8,313.09 17,300.47
Sanitary Sewers 1,645.78 1,645.78
Total Other Improvements $1,981,075.96 $ 91,549.41 $ - $2,072,625.37
Totals $3,017,993.78 $174,383.63 $87,502.51 $3,104,874.90
V
STRAND
& ROE
-69- EXHIBIT G-3
City of Hopkins
Hopkins, Minnesota
GENERAL FUND
FIXED ASSETS AND DEPRECIATION - ENGINEERING DEPARTMENT
As At December 31 1963
Allowance for Depreciation
Balance Deprec. Balance
Date Descr.ption Cost Rate 1212-31-62-62 1963 12-31-63
Prior Berger Dumpy Level $ 310,00 10% $ 279.00 $ - $ 279.00
Royal Typewriter 142.38 132.38 - 132.38
File Cabinet 69.50 64.50 - 64.50
Monroe Calculator 125.00 115.00 - 115.00
Desk 142.65 132. 65 - 132. 65
Blueprint Cabinet 242.75 222.75 - 222.75
Steel File 91.26 86.26 - 86.26
1953 File Cabinet. 80. 70 70.70 - 70. 70
Friden Calculator 340.00 315.00 - 315.00
Blueprint Cabinet 56.25 51.25 - 51.25
Drafting Table 115.00 105.00 - 105.00
1954 Posture Chair 27.95 24.95 - 24.95
Steel Gray Desk 182.44 164.25 3.19 167.44
Gray Executive Desk 126.23 113.58 2. 65 116.23
Royal Typewriters (2) 355.00 319.50 .50 320.00
File Cabinets (2) 237.60 213,84 3.76 217.60
Press-ur-Meter w/Case 153.50 138.15 .35 138.50
Aerial Maps 262,00 235.80 26.20 262.00
Shelving 21.50 19.35 2.15 21.50
H.ROV.P. Transit 550.00 467.50 32.50 500.00
1957 Engineer's Level 350.00 192.50 35.00 227.50
Brunson Rod 45,00 20,25 4.50 24.75
1960 Traffic Counter 102.26 25.57 10.23 35.80
1963 4-Drawer Legal File 73.00 - 3. 65 3. 65
Total Equipment $4,201.97 $3,509.73 $124. 68 $3,634.41
1962 1962 Falcon Bus w/Flasher 1,976. 63 20 182. 66 365.32 547.98
V
Totals $6,178.60 $3,692.39 $490.00 $4,182.39 STRAND
& ROE
BUILDING FUND
V
STRAND
& ROE
1
_70® EXHIBIT H
City of Hopkins
Hopkins, Minnesota
BUILDING FUND
BALANCE SHEET
As At December 31, 1963
ASSETS
Treasurer's Cash $ 392.48
Land 114,065.49
Encumbrances 539,248.32
Work In Progress 21,297.00
Total Assets $675,003.29
LIABILITIES , RESERVES, AND CAPITAL
Accounts Payable $ 750.00
Due to Other Funds 10,967.96
Reserve for Encumbrances 539,248.32
Surplus - Unappropriated 392.48
Surplus ® Invested in Fixed Assets 123,644.53
Total Liabilities, Reserves, and Capital $675,003.29
V
STRAND
& ROE
-71- EXHIBIT H-1
City of Hopkins
Hopkins, Minnesota
BUILDING FUND
ANALYSIS OF SURPLUS
SURPLUS - UNAPPROPRIATED
BALANCE - DECEMBER 31, 1962 $10,086. 12
ADDITIONS:
Receipts per Accompanying Statement 6,721.11
$16,807.23
DEDUCTIONS:
Expenditures per Accompanying Statement $ 2,680.02
To Surplus - Invested in Fixed Assets 13,734. 73 16,414. 75
BALANCE - DECEMBER 31, 1963 $ 392.48
SURPLUS - INVESTED IN FIXED ASSETS
BALANCE - DECEMBER 31, 1962 $109,909.80
ADDITIONS:
Land Acquisitions:
Soil Treating $ 820.00
Appraisal 750.00
Land Fill 58.27
Demolition of Houses 2,527.42 $ 4,155. 69
Work In Progress - Prior Year $ 500.00
Work In Progress - Current Year 20,797.00 21,297.00 25,452. 69
$135,362.49
DEDUCTIONS:
Increase in Accounts Payable $ 750.00
Increase in Due to Other Funds 10,967.96 11,717.96
BALANCE - DECEMBER 31, 1963 $123,644.53
STRAND
& ROE
-72- EXHIBIT H-2
City of Hopkins
Hopkins, Minnesota
BUILDING FUND
OPERATING STATEMENTS
For the Year Ended December 31, 1963
STATEMENT OF REVENUES
House Rentals:
Rents Received (6 Properties) $3,810.00
Sle of Used Telephone 1.00
Net Rentals - 1962 2,910.11
Totx.l Revenues $6,721.11
STATEMENT OF EXPENDITURES
House Rentals:
Real Estate Taxes $2,310.08
Payroll 102.07
Plumbing and Heating Service 76.81
Insurance 34.57
Extermination 15.00 $2,538.53
General Expenses:
Signs $ 57.09
Prints 9.40
Photos 56.00
Announcements 19.00 141.49
Total Expenditures $2,680.02
V
STRAND
& ROE
-73- EXHIBIT H-3
City of Hopkins
Hopkins, Minnesota
BUILDING FUND
CONSTRUCTION COSTS
As At December 31, 1963
Expenditures Total
To Current Construction
Contracts 12-31-62 Year In Progress Encumbrances
General-Dean L. Witcher, Inc. $374,960.00 $ $ $ $374,960.00
Electrical-Reliable Electric Co. 50,047.00 50,047.00
Mechanical-Thomas Air Conditioning 103,015.00 103,015.00
Architect-Lang, Raugland &
Brunet, Inc. 31,681.32 500.00 19,955.00 20,455.00 11,226.32
Architect Expenses - 765.00 765.00 -
Bid Notices 77.00 77.00 -
Totals $559,703.32 $500.00 $20,797.00 $21,297.00 $539,248.32
V
STRAND
& ROE
SUPPLEMENTARY STATEMENTS
i/
STRAND
& ROE
-74- EXHIBIT I
City of Hopkins
Hopkins , Minnesota
COMBINED BALANCE SHEET - ALL FUNDS
As At December 31, 1963
ASSETS
Cash on Hand and in Banks:
Petty Cash $ 723,16
Banks 48,191. 72 $ 48,914.88
Funds in Hands of Fiscal Agents 29,834050
Investments 716,152,54
Accounts Receivable 18,161.36
Assessments Receivable 1,281,807.49
Municipal State Aid Fund 195,421. 68
Accrued Interest Receivable 3,184.59
Current Tax Levy 649,728.00
Future Tax Levy 165,270.00
Future Assessments 104,701. 64
Claims In Process 207.84
Provision for Debt Retirement 54,500.00
Projects To Be Authorized 27,165.00
Encumbrances 564,248.32
Inventories 19,641.83
Prepaid Expenses 1,363. 13
Work In Process 73,501. 76
Fixed Assets 6,246,915,14
Total Assets $10,200,719. 70
LIABILITIES , RESERVES, AND SURPLUS
Accounts Payable $ 37,539.32
Funds In Escrow 2,587.00
Contracts Payable 56,000.24
Matured Bonds and Interest 29,834.50
Projects Authorized 104,701. 64
Prepaid Revenues 28,886000
Bonds Payable 635,000.00
Future Interest 101,525.00
Reserve for Depreciation $ 541,705.72
Reserve for Current Tax Levy 592,320.00
Reserve for Uncollectible Taxes 15,768. 60
Reserve for Municipal State Aid Fund 195,421. 68
Reserve for Encumbrances 564,248.32 1,909,464.32
Fund Balance 830,000.00 STRAND
& ROE
Surplus:
Unappropriated $1,015,565.88
Current 186,742.94
Invested In Fixed Assets 5,262,.872.86 6,465,181. 68
Total Liabilities, Reserves, and Surplus 110,200,719.70
-75-
City of Hopkins
Hopkins, Minnesota
COMBINED BALANCE SHEET - BY FUNDS
As At December 31, 1963
_ General Fund
General Beach
Assets Revenue Parking Concession
Treasurer°s Cash $ 47,717.49 $356.95 $5,978.97
Petty Cash 623.16
Funds in Hands of Fiscal Agents
Investments 233,161.41
Accounts Receivable 6,272.86
Accrued interest Receivable 323.76
Municipal State Aid Fund 195,421. 68
Special Assessments Receivable
Current Tax Levy 592,320.00
Future Tax Levy
Due From Other Funds 11,967.96
Due From Bond Retirement Fund
Claims In Process 207.84
Provision for Debt Retirement 54,500.00
To Be Assessed
Projects To Be Authorized
Encumbrances 25,000.00
Inventories 12,108.53 475.00
Prepaid Expenses 1,363, 13
Work In Process
Fixed Assets
Total Assets $1,180,987.82 $831.95 $5,978.97
Liabilities Reserves and Surslus
Accounts Payable $ 28,060.44 $ $
Funds In Escrow 2,587.00
Contracts Payable 54,500.00
Matured Bonds and Interest
Due To Other Funds
Projects Authorized
Prepaid Revenues 28,886.00
Bonds Payable
Future Interest
Reserve for Depreciation
Reserve for Current Tax Levy 592,320.00
Reserve for Uncollectible Taxes
Reserve for Sewer Utility Issue
Reserve for Municipal State Aid Fund 195,421. 68
Reserve for Encumbrances 25,000.00
Fund 'valance
Surplus - Unappropriated 254,212.70 831.95 5,978.97
Surplus Invested in Fixed Assets
Total Liabilities, Reserves, and Surplus $1,180,987.82 $831.95 $5,978.97
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-76- EXHIBIT 1-2
City of Hopkins
Hopkins, Minnesota
COMBINED COMPARATIVE BALANCE SHEETS
As At As At Increase
Assets 12-31-62 12-31-63 (Decrease)
Cash on Hand and in Banks $ 167,979.84 $ 48,914.88 ($119,064.96)
Funds in Hands of Fiscal Agents 66,048050 29,834.50 (36,214.00)
Investments 492,260.08 716,152.54 223,892.46
Accounts Receivable 23,530.41 18,161.36 (5,369.05)
Assessments Receivable 1,025,606.38 1,281,807.49 256,201. 11
Municipal State Aid Fund 149,235.46 195,421. 68 46,186,22
Accrued Interest Receivable 1,956.39 3,184.59 1,228,20
Future Assessments 336,720.14 104,701, 64 (232,018.50)
Current Tax Levy 616,181.00 649,728.00 33,547.00
Future Tax Levy 222,678.00 165,270.00 (57,408.00)
Claims In Process - 207.84 207,84
Projects To Be Authorized - 27,165.00 27,165.00
Provision for Debt Retirement 66,300.00 54,500,00 (11,800,00)
Encumbrances - 564,248.32 564,248.32
Inventories 21,070. 71 19,641,83 (1,428.88)
Prepaid Expenses 636.81 1,363.13 726.32
Work In Process 331,669.54 73,501. 76 (258,167, 78)
Capit: 1 Assets 5,703,170.14 6,246,915,14 543,745.00
Tot: 1 Assets $9,225,043.40 $10,200,719.70 $975 ,676.30
Liabilities Reserves . andSur.lus
Accounts Payable $ 71,722,15 $ 37,.539.32 $(34,182.83)
Contracts Payable 70,979.20 56,000.24 (14,978,.96)
Funds In Escrow 1,036.90 2,587.00 1,550.10
Matured Bonds and Interest 66,048.50 29,834.50 (36,214.00)
Projects Authorized 336,720.14 104,701. 64 (232,018.50)
Prepaid Revenues 25,797.00 28,886.00 3,089,00
Bonds Payable 821,500,00 635,000.00 (186,500.00)
Future Interest 127,199.50 101,525.00 (25,674.50)
Reserves:
Reserve for Depreciation 475,291.28 541,705. 72 66,414.44
Reserve for Current Tax Levy 535,634.00 592,320.00 56,686.00
Reserve for Uncollectible Taxes 20,507.20 15,768.60 (4,738.60)
Reserve for Municipal State Aid 149,235.46 195,421. 68 46,186.22
Reserve for Encumbrances - 564,248.32 564,248.32
Fund Balance 830,000.00 830,000.00 - v 1
Surplus: STRAND
& ROE
Unappropriated 777,857.48 1,015,565,88 237,708.40
Current 200,225.43 186,742.94 (13,482,49)
Invested in Fixed Assets 4,715,289.16 5,262872.86 547,583. 70
Total Liabilities, Reserves,
and Surplus $9,225,043.40 $10,200,719.70 $975,676.30
-77- EXHIBIT 1-3
City of Hopkins
Hopkins, Minnesota
TREASURER'S CASH BALANCE
As At December 31 j63
Balance Add: Less:
Per Bank Deposits Outstanding Balance
Bank e of Account Statement In Transit Checks Per looks
First Nat °l Bank General Fund $ 72,890.01 $ - $49,585.61 $23,304,40
N. W. Nat'l Bank Payroll Account 15,628.01 15,128.01 500.00
N. Wo Nat'l Bank Special Assessment)
Bond Retirement ) 24 087.10 485.49 185.27 24 387.32
Building Fund
Totals $112,605.12 $485.49 $64,898.89 $48,191.72
SUMMARY
General Fund:
General Revenue $47,217.49
Payroll 500.00 $47,717.49
Parking 356.95
Beach Concession 5.978.97 $54,053.41
Service Utilities:
Water ($19,042.09)
Sewer 26,266.19 7,224.10
Permanent Improvement Revolving Fund (37,473.11)
Bond Retirement Fund 19,692.88
Special Assessment Fund 4,301.96
Building Fund 392.48 1/1
STRAND
Total As Above $48,191.72 & ROE
-78- EXHIBIT I-4
Less:
Par Unamortized :ook Accrued
Numbers Value Discount Value Interest
64952500 $ 60,000.00 $ 130.00 $ 59,870.00 $
165478 (P) 40,000.00 772.59 39,227.41
8364670 (P) 30,000.00 936.00 29,064.00
1616 40,000.00 40,000.00 246.68
1634 50,000,00 50,000,00 77.08
1633 15,000.00 15,000.00 -
$235,000.00 $1,838.59 $233,161.41 $ 323. 76
10946295/6 $ 20,000,00 $ 386.23 $ 19,613.77 $
11186165 10,000.00 312.00 9,688.00
11186166/7 20,000.00 624.80 19,375.20
132 50,000.00 509000.00 310.00
133 25,000.00 25,000.00 -
174-186 13.000.00 ®652.02 12,347.98 31.42
$138,000.00 $1,975.05 $136,024.95 $ 341.42
165478 (P) $ 10,000.00 $ 193.12 $ 9,806.88 $
11186011 10,000.00 32.10 9,967.90
2545372) 15,000.00 468.60 14,531.40
11186153)
1541 50,000.00 50,000.00 875.00
132 10,000.00 10,000.00 61. 66
$ 95,000.00 $ 693.82 $ 94,306.18 $ 936.66
5364670 (P) $ 50,000.00 $1,560.00 $ 48,440.00 $
1616 60,000.00 60,000.00 370.00
$110,000.00 $1,560.00 $108,440.00 $ 370.00
r
130 $ 70,000.00 $ $ 70,000.00 $ 875.00
1633 15,000.00 15,000.00 46.25 STRAND
& ROE
$ 85,000.00 $ $ 85,000.00 $ 921.25
2545351)
5364670) (P) $ 25,000.00 $ 780.00 $ 24,220.00 $
131 25,000.00 25,000.00 291.50
1636 10,000.00 10,000.00
1_§.1.01222122 1_780.00 780.00 $ 59,220.00 $ 291.50
$723,000.00 $6,847.46 $716,152.54 $3,184.59
-78-
City of Hopkins
Hopkins, Minnesota
STATEMENT OF INVESTMENTS
As At. December 31, 1963
Date Maturity
Description Acquired Date__ Rate
GENERAL FUND:
U. S. Treasury Bills 7-25-63 1-23-64 3.32 7
8-29-63 7-15-64 3.12
11-13-63 10-31-64 3.58
C/D Northwestern National Bank 11-12-63 5-12-64 3.7
12-20-63 3-20-64 3.7
12-11-63 3-11-64 3,7
Total General Fund
WATER UTILITY FUND:
U. S. Treasury Bills 8-29-63 7-15-64 3.12
11-13-63 10-31-64 3.58
12-27-63 10-31-64 3.12
C/D First National Bank 11-13-63 5-14-64 3. 7
12-27-63 6-27-64 3.85
City of Hopkins Revenue Bonds-1954 1-28-59 6- 1-71 2.9
Total Water Utility Fund
SEWER UTILITY FUND:
U. S. Treasury Bills 8-29-63 7-15-64 3.12
12-27-63 1-30-64 .321
12-27-63 10-31-64 3, 124
C/D Northwestern National Bank 7- 5-63 1- 5-64
C/D First National Bank 11-13-63 5-14-64 3. 7
Total Sewer Utility Fund
P.I. ?.. FUND:
U. S. Treasury Bills 11-13-63 10-31-64 3.58
C/D Northwestern National Bank 11-12-63 5-12-64 3. 7
Total P.I.R. Fund
SPECIAL ASSESSMENT FUND:
C/D First National Bank 8-30-63 8-30-64 3.75
C/D Northwestern National Bank 12-11-63 3-11-64 3,7
Total Special Assessment Fund
BOND RETIREMENT FUND:
U. S. Treasury Bills 11-13-63 10-31-64 3.58
C/D First National Bank 8-30-63 2-29-64 3.5
C/D Northwestern National Bank 12-27-63 6-27-64 3.85
Total Bond Retirement Fund
Total All Funds
-79- EXHIBIT 1-5
City of Hopkins
Hopkins, Minnesota
ACCOUNTS RECEIVABLE
As At December 31. 1963
GENERAL REVENUE:
Minnesota Highway Department $2,584.78
Dan Burke 5.00
Marvin Ulrich 30.00
Village of Eden Prairie 600.00
James Eidem 156.18
Earl Welch Construction Co. 300,00
Barbra Hayes 225.00
Phil Henderson 110.00
Independent School District #274 59.13
Mason & Reilly 7. 68
Murphy Plumbing 10,00
Mutual Service Insurance 255.00
Powell Candy 26.51
Howard Puck 25.24
Mrs. Adolph Roseneau 592. 72
Swanson Excavating 136.27
Super Valu Stores 450.00
Village of Minnetonka 699.35 $ 6,272.86
PERMANENT IMPROVEMENT REVOLVING FUND:
Earl L. Christensen 57.25
WATER FUND:
Barbarossa & Sons $ 66.50
Hopkins Tubs 34.00 100.50
PUBLIC UTILITIES :
Route Water Sewer Total
Commercial $1,569.81 $1,050.92 $2,620.73
IA 561,81 310.04 871.85
1B 233.51 165.33 398.84
2A 416,34 189.40 605, 74
2B 198.92 133.89 332.81
3 151.98 93.70 245.68
4 174.49 116, 77 291.26
5A 415.27 590. 72 1,005.99
5B 375.69 296.01 671,70
5C 545. 60 461.04 1,006. 64
6 709. 10 516.73 1,225.83 STRAND
7 382,21 515,10 897.31 ROE
8 295.04 244.24 539.28
9 105.59 54.00 159.59
10A 61.76 40,50 102,26
108 310,33 70. 67 381.00
11 62.83 20.25 83.08
12 154,15 137.01 291.16
$6,724.43 $5,006.32 11,730. 75
Total to Exhibit A $18,161.36
_80_
City of Hopkins
Hopkins, Minnesota
INTERFUND ACCOUNTS
As At. December 31. 1963
RECEIVAB
General Sewer
Description Revenue Utility P.I.R.
Tax Settlement $ 1,000.00 $ $
New City Hall Payments 12,240.43
Parkridge Sewer Reimbursement 5,000.00
11th Avenue South Sewer 70,000.00
Sewer Revenue Bonds and Reserve
Net Property Rentals
Totals $13,240.43 $5,000.00 $70,000.00
-80- EXHIBIT I-6
L E S PAYABLES
Bond Building General Sewer Special Bond Building
Retirement Fund Revenue Utility Assessment Retirement Fund
$ $ $ $ $ $1,000.00 $
12,240.43
5,000.00
70,000.00
69,312. 60 69,312.60
1,272.47 1,272.47
$69,312. 60 11,272.47 $1,272.47 $139,312.60 $5,000.00 $1,000.00 $12,240.43
1/1
STRAND
& ROE
-81- EXHIBIT I-7
City of Hopkins
Hopkins, Minnesota
INVENTORIES
As At December 31, 1963
Description Amount Total
GENERAL REVENUE:
Office Supplies:
Municipal Office $1,080.91
Court 41.25
Election 200.00
Police 400.00
Parking Meters and Supplies 475.00
Road Maintenance and Equipment Supplies:
Street Department 6,620.40
Traffic Signs 1,174.80
Janitorial Supplies:
Municipal Building 543.59
Sports and Craft Supplies:
Recreation 2,047.58 $12,583.53
WATER UTILITY:
Hydrants $1,580.00
Hydrant Parts 315,00
Parts and Supplies 3,928.23
Meters and Supplies 725. 73 6,548.96
SEWER UTILITY:
Chemicals $ 407.00
Other Supplies 102.34 509.34
Total $19,641.83
v
STRAND
& ROE
-82- EXHIBIT 1-8
City of Hopkins
Hopkins , Minnesota
ACCOUNTS PAYABLE
As At December 31 1963
Name Amount Total
GENERAL FUND:
Albinson, Inc. $ 31.97
Alcott's Drug 8.56
Alesco 3. 63
N. W. Ayer 40.00
American World Airways 2.00
Blacktop Service 204.39
Baker & Taylor 820.00
Charles Benevento 215.00
Colliers Encyclopedia 230.00
Dahlberg Ford Co. 9,145.07
Demco 11.80
Don's Sporting Goods 259.50
Doubleday 6.00
Earl's Cycle & Repair 40.00
Farnham's 10.95
Facts on File 200.00
Gil's Tire Shop 46.08
Gustafson & Fuxa 40.00
Hedberg & Sons 254.74
International Book Service 260.00
Larson Clothing 118.75
Lyle Signs 50.76
A. C. McClurg & Co. 300.00
Macalester College 225.00
City of Minneapolis 44.00
Monarch Book Co. 1,100.00
Moody's 135.00
National Directory 4.20
R. L. Polk 62.00
Public Works Equipment Co. 995.00
Random House 122.83
Rand-McNally 50.00
Regent Book Co. 16.95
St. Paul Book & Stationery Co. 577.52
Salem Press 9.87
Silver Burdett 4.28
Standard & Poor 90.00
State of Minnesota 40.00
Suburban News Co. 55.55
STRAND
Richard Sly Specialties Co. 126.81 ROE
Suburban Chevrolet Co. 10,811.99
Minnesota Fire Equipment Co. 495.00
Dorholt Printing Co. 21.00
Wm. H. Ziegler Co. 124.85
Village of Minnetonka 649.39 $28,060.44
SEWER FUND:
City of Minneapolis 8,728.88
BUILDING FUND:
Newcombe & Lawrence 750.00
Total $37,539.32
-84- EXHIBIT I-10
City of Hopkins
Hopkins , Minnesota
GENERAL FUND
DUE ON CONTRACT FOR DEED - HENNEPIN COUNTY
As At December 31 1963
Installment Due Rate Principal Interest Total
December 1, 1964 3% $10,000.00 $1,500.00 $11,500.00
December 1, 1965 10,000.00 1,200,00 11,200.00
December 1, 1966 10,000.00 900.00 10,900.,00
December 1, 1967 10,000 00 600.00 10,600,00
December 1, 1968 10,000000 300.00 10,300 00
Totals $50,000.00 $4,500.00 $54,500,00
STRAND
& ROE
-83- EXHIBIT I-9
City of Hopkins
Hopkins, Minnesota
SEWER UTILITY
ACCOUNTS PAYABLE TO CITY OF MINNEAPOLIS
SEWAGE DISPOSAL SYSTEM COSTS
As At December 31, 1963
Installment Due Amount
December 31, 1964 $ 629.67
December 31, 1965 414.43
December 31, 1966 319.36
December 31, 1967 106.49
December 31, 1968 30.29
Total $1,500.24
v II
STRAND
& ROE
-85- EXHIBIT I-1i
Interest
Balance Issued Paid Balance Paid
1- 1-63 1963 1963 12-31-63 1963
$ 10,000.00 $ $ 10,000.00 $ - $ 100.00
100,000.00 25,000.00 75,000.00 3,000.00
60,000.00 20,000.00 40,000.00 1,850.00
80a000.00 80 000.00 3,280.00
$250,000.00 $ $ 55,000.00 $195,000.00 $ 8,230.00
$ 7,500.00 $ (b) $ 2,500.00 $ 5,000.00 $ 90.00
40,000.00 20,000.00 20,000.00 840.00
13,000.00 13,000.00 - 364.00
24,000.00 24,000.00 744.00
36 000.00 — 36,000.00 1,224.00
$370,500.00 $ $ 90,500.00 $280,000.00 $11,492.00
$ 5,000.00 $ $ 1,000.00 $ 4,000.00 $ 120.00
11,000.00 11,000.00 - 110.00
31 ,000.00 31,000.00 - 837.00
40,000.00 20,000.00 20,000.00 960.00
10,000.00 10,000.00 280.00
10,000.00 10,000.00 300.00
$107,000.00 $ $ 63,000.00 $ 44,000.00 $ 2,607.00
$ 32,000.00 $ $ 10,000.00 $ 22,000.00 $ 675.00
87,000.00 87,000.00 2,523.00
26,000.00 26,000.00 780.00 i
40,000.00 10,000.00 30,000.00 1,400.00
40,000.00 40,000.00 1,720.00
80,000.00 80,000.00 3,600.00
$305,000.00 $ $ 20,000.00 $285,000.00 $10,698.00 1,0
STRAND
& ROE
39,000,00 1 $ 13,000.00 $ 26,000.00 $ 877.50
$821,500.00 $ - $186,500.00 $635,000.00 $25,674.50
•
-85-
City of Hopkins
Hopkins, Minnesota
BONDED INDEBTEDNESS - ALL FUNDS
For the Year Ended December 31 1963
Issue Interest
Description Date Rate
GENERAL OBLIGATION BONDS :
P.I.R. Fund 12- 1-52 2.0%
P.I.R. Fund 12- 1-55 3.0
P.'I.Ro Fund 6- 1-57 3.7
4.1
Total P.I.R. Bonds
Water 3- 1-45 1.2%
Storm Sewer 9- 1-53 2.8
P.I.R. Sewerage System Revenue (a) 9- 1-58 2.8
3.1
3.4
SPECIAL ASSESSMENT FUNDS:
Water 11- 1-47 2.4%
Improvement Bonds 12- 1-52 2.0
Improvement Bonds 5- 1-53 2.7
Improvement; Bonds 6- 1-54 2.4
2.8
3.0
Total Special Assessment Funds
WATER REVENUE:
Water Utility 6- 1-54 2.5%
2.9
3.0
Water Utility 6-. 1-57 4.0
4.3
4.5
Total Water Revenue
SEWER SYSTEM REVENUE:
Sewerage System Revenue 12- 1-45 2.25%
Total All Funds
Notes: (a) Issue of 1958 payable through Bond Retirement
Fund from Sewer Revenue.
(b) January 1, 1964, payment forwarded to fiscal
agent in 1963.
-86- EXHIBIT I-12
90% Co-Insurance
Premium Descri tp ion Buildings Contents
$2,073.11 Fire and Extended Coverage; V. & M. M.
(A) City Hall, Fire Dept. & Jail - 723 Excelsior Ave. $ 62,400.00 $ 27,000.00
Storage Building - 120 9th Ave. So. 10,000.00 10,000.00
Water Tower and Tank - 120 9th Ave. So. 73,900.00
Water Treatment Plant and Pump House #1 - Block 23,
End of 9th Ave. So. 57,100.00
Water Treatment Plant and Pump House #3 - Monk Ave.
and 2nd Street. No. 63,765.00
Street Dept. Shop - 11th Ave. So. Near 2nd St. So. 10,800.00 4,500.00
Warming House - 30 13th Ave. No. - 900.00
Warming House - 119 Monroe So. 495.00
Warming House - 307 2nd St. No. 1,008.00
Minnehaha Creek Lift Station - Meadowbrook Golf
Course, Excelsior Ave. 2,140.00 10,800.00
11th Ave. Lift Station - 11th Ave. and 2nd St. So. 1,710.00 6,750.00
Peaceful Valley Lift Station - 643 7th Ave. So. 3,800.00 8,100.00
Herman Olson Well House - Lot 7 Souba's Addition 15,200.00 54,000.00
Water Treatment Plant #4 - Lot 7 Souba's Addition 22,550.00 58,150.00
Water Tank - Lot 18, Auditor's Sub. #239 41,750.00
Street Dept. Warehouse (Bldg. E) - 11th Ave.
Near 2nd Ave. So. 900.00
Bath House (3 Bldgs.) - S 1/2 Shady Oak Addition 4,527.00 1,350.00
Basement Dwelling - Lots 4 & 5, Block 3 Shady Oak Add. 3,150.00
Dwelling - Lots 5 & 6, Sec. 26-117-22 5,400.00
One Family Dwelling - 22 8th Ave. No. 10,000.00
Storage Garage K/A Bldg. #1 - Hennepin County
Fairgrounds 10,000.00
Main Repair Bldg. K/A Bldg, #2 - Hennepin County
Fairgrounds 22,500.00
Recreation Office and Storage K/A Bldg. #3 -
Hennepin County Fairgrounds 3,900.00 3,000.00
Working Garage K/A Bldg. #4 - Hennepin County
Fairgrounds 16,200.00
One Family Dwelling - Lot 3, Block 3 Shady Oak Add. 3,150.00
One Family Dwelling - 25 - 10th Ave. So. 10,000.00
Contents Library - 25 9th Ave. No. 175,000.00
Contents - Hobby Shop - 17 10th Ave. So. 2,000.00 lAdr
STRANC
& ROE
$456,345.00 $361,550.00
-86-
City of Hopkins
Hopkins, Minnesota
INSURANCE IN FORCE
As At December 31, 1963
Latest
Policy Policy Endorsement Policy
Number Carrier Date Date Term Amount
0303-102306 Mutual Service Casualty 3- 3-59 3- 3-64 5 Years $817,895.00
Insurance Company
-87- EXHIBIT I-12
Page 2
Policy
Amount Premium Description
$ 2,634 58 Comprehensive Automobile Liability:
l00/300M Bodily Injury
50M Property Damage
$150.00 Dedo Collision on Police Cars
Various Fire and Windstorm
Statutory 10,279027 Workmen's Compensation = Employees
100/300M 46>l0 Oo Lo & To Liability:
Bodily Injury
50M Property Damage
Residence - 5217 Shady Oak Road
Residence - 5219 Dominec Drive
Residence - 25 - 10th Avenue So.
Building - 11th Ave. Soo and County Road #3
150M 130018 Boiler Explosion - City Hall
Public Library
$ 80,000000 365.42 Fidelity Bond:
City Manager $10,000.00
City Treasurer 40,000.00
Assistant City Treasurer 25,000.00
Clerk Cashier 5,000000
2,500000 141021 Public Employees Blanket Position Bond
1,000000 17000 Assessor Bond - Joseph A. Hromadko
1,000000 10000 Deputy Assessor Bond - William R. Thompson
1,000000 17°00 Ass ' t Assessor Bond - Arlyn Sala
1,000000 17000 Asst Assessor Bond - Eo Patrick Dargis
1,000000 10000 Deputy Assessor Bond - Roger Wo Peterson
Notary Public Bond - Clifford R. Peterson
7000 Notary Public Bond - Rosalie H. Leary
STRANC
74096 Flower Displays - Street
& ROE
100/300M Bodily Injury
50M Property Damage
-87-
City of Hopkins
Hopkins, Minnesota
INSURANCE IN FORCE.
As At December 31g 1963
Latest
Policy Policy Endorsement
Number Carrier Date Date Term
CA 3818 Great Northern Insurance Co. 4- 3-63 4- 3-64 1 Year
206349 Federated Mutual Implement and Hardware 1- 1-63 1- 1-64 1 Year
Insurance Co.
205446 Federated Mutual Implement and Hardware 1-10-63 1-10-64 1 Year
Insurance Co.
83-10380 Hartford Steam Boiler Inspection and 2- 9-61 2- 9-64 3 Years
Insurance Co.
8966 General Insurance Co. of America 1- 1-62 1- 1-65 3 Years
8967 General Insurance Co. of America 1- 1-62 1- 1-65 3 Years
933251-62 Western Surety Co. 8- 1-62 8- 1-64 2 Years
5052613 Western Surety Co. 3- 1-63 3- 1-64 1 Year
676186=62 Western Surety Co. 8- 1-62 8- 1-64 2 Years
5045436 Western Surety Co. 1-16-63 1-16-64 1 Year
5054119 Western Surety Co. 4-26-63 4-26-64 1 Year
960200-60 Western Surety Co. 12-13-60 12-13-67 7 Years
22NP-4946 Western Surety Co. 10-10-63 10-10-70 7 Years
77115968 Great Northern Insurance Co. 9-24-63 9-24-64 1 Year
(A) Annual Premium
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