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1962 City of Hopkins, MN Annual Financial Report REPORT ON AUDIT As At December 31, 1962 CITY OF HOPKINS Hopkins, Minnesota STRAND S ROE City of Hopkins Hopkins, Minnesota CITY OFFICIALS 1962 Term Office Name Expires, MAYOR Donald J. Milbert 7- 1-63 COUNCILMEN: John F. Hanley 7- 1-65 Henry Pokorny, Jr. 7- 1-65 Vincent R. Else 7- 1-63 Robert Po Harriman 7- 1-63 SECRETARY TO COUNCIL Clifford R, Peterson CITY MANAGER AND TREASURER Richard L. Brubacher CITY CLERK & DEPUTY TREASURER Clifford R. Peterson CITY ATTORNEY Joseph C. Vesely CITY ENGINEER John J. Strojan ASSESSOR Joseph Hromadko FINANCE OFFICER Christen P. Nielsen BUILDING INSPECTOR Clinton K. Blomquist MUNICIPAL COURT JUDGES: K. Maxfield Otto 7- 1-63 James D, Rodgers/John Keefe, Special 7- 1,65 MUNICIPAL COURT CLERK Donald Nelson HEALTH OFFICER Dr. Herman E. Drill FIRE CHIEF Robert D. Aspelin STREET SUPERINTENDENT Elmer Co Bielke WATER & SEWER SUPERINTENDENT John A. Brecka WEED INSPECTOR Robert G. Anderson LIBRARIAN Mrs. William Mountain STRAND & RECREATION DIRECTOR Richard Wilson ROE CIVIL DEFENSE DIRECTOR John A, Brecka BOARD OF HEALTH: Dr. H. E. Drill 7- 1-63 Howard A. Puck 7- 1-63 Dr. Po W. Sheldon 7- 1-63 City of Hopkins Hopkins , Minnesota CITY OFFICIALS (Continued) Term Office Name Expires LIBRARY BOARD: Mary L. Sprague 7- 1-63 Leone Wilwerding 7- 1-63 Vince Else 7- 1-63 Evelyn Peterson 7- 1-64 Hugh W, Firmage 7- 1-64 Mrs. Orrin M. Norberg 7- 1-65 Joseph C. Vesely 7- 1-65 POLICE CIVIL SERVICE Clarence Grandstrom 1- 1-63 COMMISSION: Cecil Klass 1- 1-64 Robert Geltman 1- 1-65 RECREATION COMMISSION: Mrs. Peter Throdahl 1- 1-63 Mrs. Phil Hovander 1- 1-63 Robert Harriman 7- 1-63 Earl Dahlberg 8- 1-63 S. H. Severson 8- 1-63 ZONING & PLANNING COMMISSION: Sanfred C. Gustafson 7- 1-63 Vince Else 7- 1-63 John A. Malecka 7- 1-63 Howard G. Sundby 7- 1-65 Paul Stannard 7- 1-65 Donald J. Milbert) R. L. Brubacher ) Ex-Officio Members John Strojan EMPLOYEES ' ADVISORY BOARD: Dorothy Johnson 8- 1-63 Clifford Robinson 8- 1-64 Harold Christenson 8- 1-65 CHARTER COMMISSION: Frank No Whitney Glen Mo Lewis Erwin L. Smetana Mrs. Marjorie Schmitz Maurice A. Hessian Henry H. Wade Rev. Charles Heuser Otto Japs Dr. Frank J. Kucera Robert M. Geltman STRAND & ROE S. C. Gustafson John Co Zajicek Mrs. Mildred Lewis W. Harlan Perbix Mary Maetzold City of Hopkins Hopkins, Minnesota INDEX Page Explanatory Comments 1 - 13 EXHIBITS: GENERAL FUND A - Balance Sheet 14 A-1 - Analysis of Changes in Surplus 15 A-2 - Statement of Revenues 16 - 17 A-3 - Summary Statement of Expenditures 18 A-4 - Statement of Expenditures - General Revenue 19 - 29 A-S - Statement of Revenues and Expenditures - Parking Fund Reserve 30 A-6 - Statement of Revenues and Expenditures - Recreation - Beach Concession 31 WATER UTILITY FUND B - Balance Sheet 32 B-1 - Analysis of Changes in Surplus 33 B-2 - Statement of Revenues 34 B-3 - Statement of Expenditures 35 - 36 B-4 - Fixed Assets and Depreciation 37 B-5 - Revenue Bonds and Interest Outstanding 38 B-6 - Accrual Operating Statement 39 SEWER UTILITY FUND C - Balance Sheet 40 C-1 - Analysis of Changes in Surplus 41 C-2 - Statement of Revenues 42 C-3 - Statement of Expenditures 43 - 44 C-4 - Fixed Assets and Depreciation 45 C-5 - Revenue Bonds and Interest Outstanding 46 C-6 - Accrual Operating Statement 47 PERMANENT IMPROVEMENT REVOLVING FUND D - Balance Sheet 48 D-1. - Analysis of Changes in Surplus 49 D-2 - Statement of Revenues 50 D-3 - Assessments Receivable 51 po D-4 - Construction Costs 52 - 54 STRAND & ROE SPECIAL ASSESSMENT FUND E - Balance Sheet 55 E-1 - Analysis of Changes in Surplus 56 E-2 - Statement of Revenues and Expenditures 57 E-3 - Assessments Receivable 58 E-4 - Bond Maturities 59 Page 2 City of Hopkins Hopkins , Minnesota INDEX Page EXHIBITS: (Cont'd) BOND RETIREMENT FUND F - Balance Sheet 60 F-1 - Analysis of Changes in Surplus 61 F-2 - Statement of Revenues and Expenditures 62 F-3 - General Obligation Bonds 63 F-4 - Revenue Bonds - Bond and Interest Summary 64 CAPITAL FUND G - Balance Sheet 65 G-1 - Analysis of Changes in Surplus 66 - 67 G-2 - Capital Assets 68 - 71. G-3 - Fixed Assets and Depreciation - Engineering Department 72 BUILDING FUND H - Balance Sheet 73 H-1 - Analysis of Changes in Surplus 74 H-2 - Statement of Revenues and Expenditures 75 SUPPLEMENTARY STATEMENTS I - Combined Balance Sheet - All Funds 76 I-1 - Combined Balance Sheet by Funds 77 I-2 - Combined Comparative Balance Sheets 78 1-3 - Treasurer's Cash Balance 79 I-4 - Accounts Receivable 80 I-5 - Interfund Accounts 81 1-6 - Inventories 82 1-7 - Accounts Payable 83 - 84 1-8 - Accounts Payable - City of Minneapolis 85 1-9 - Due on Contract for Deed - Hennepin County 86 I-10 - Bonded Indebtedness - All Funds 87 I-11 - Insurance In Force 88 - 89 1-12 - Municipal Court - Statement of Receipts and Disbursements 90 1,0 1-13 - Municipal Court - Cash in Bank 91 STRAND & ROE 1-14 - Assessed Valuation - Tax Levy 92 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. STR AND & R 0 E Ce'cttei /itt ttc c,.ccaiu1tattlA 6301 WAYZATA BOULEVARD MINNEAPOLIS 16, MINNESOTA 545 -1651 • May 13, 1963 The Honorable Mayor and the Members of the City Council City of Hopkins Hopkins, Minnesota Gentlemen: We have examined the financial statements of the various funds of the CITY OF HOPKINS , Hopkins, Minnesota, for the year ended December 31, 1962. 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 :.t the time the physical inventories were taken, nor was a verification made 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, 1962, and the results of its operations for the year then ended, in conformity with generally accepted governmental accounting principles applied on a basis consistent with that of the preceding year. Respectfully submitted, STRAND & ROE �/• 6R-7^-GC. STRAND & ROE Certified Public Accountants Date Field Work Completed May 7, 1963 Date Report Signed 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 -2- Cl—A1-1311-121-n§. 2- 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 miles. The population of the City of Hopkins, as given in the last five official federal census reports, was 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 paragraphs, the more important assets and liabilities of the City are explained, listed, or described, as the case may be. ASSETS CASH ON HAND AND IN BANKS The petty cash was verified by actual count on December 31, 1962. It consisted of the following: General Revenue $150.00 V Library 25.00 STRAND Court 200.00 & ROE Recreation 30.00 Water Utility 100.00 Total $505.00 The City had bank balances in the First National Bank and Northwestern National Bank, both of Hopkins, as shown on Exhibit 1-3. The balances were veri- fied by correspondence and reconciliation. -3- City of Hopkins As of December 31, 1962, the City held security assignments to safeguard the City funds placed on deposit in these banks, as follows; First rational Bank of Hopkins: U. S. Treasury 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 National Bank of Hoskins: U. S. Treasury Bonds Due 8-15-72 $300,000.00 F. D. I. C. 10,000.00 1310,000.00 FUNDS IN HANDS OF FISCAL AGENTS Funds in the hands of fiscal agents for the retirement of bonds and interest payments are as follows: Issue Payment Bank Date Date Amount Total American National Bank - St. Paul 6- 1-57 12- 1-61 $ 82.00 6- 1-62 657.00 12- 1-62 2,750,00 $ 3,489.00 First National Bank - Minneapolis 12- 1-55 12- 1-62 5,150.00 Northwestern National Bank-Minneapolis 3- 1-45 1- 1-63 $ 2,560.00 9- 1-53 9- 1-62 140.00 11- 1-47 1- 1-62 24.00 7- 1-62 24.00 1- 1-63 2,084.00 5- 1-53 12- 1-62 25,756.00 6- 1-57 6- 1-62 300.00 12- 1-62 3,460.00 6- 1-54 12- 1-62 21,010.00 6- 1-54 12- 1-62 2,051.50 57,409.50 Total in Hands of Fiscal Agents $66,048.50 These amounts were verified. This account has a contra amount under the liabilities. Po INVESTMENTS STRAND & ROE The investments held as at December 31, 1962, were as shown on the following page, -4- City of Hopkins Description Purchased Due Cost Amount Total General Revenue: U.S. Treasury C/D 2-15-62 2-15-63 $25,000.00 $25,000.00 U.S. Treasury Bills 11- 8-62 1- 3-63 89,636.40 90,000.00 $115,000.00 Water Utility_: City of Hopkins Water Revenue Bonds 2.97 (Par $13,000.00) 1-28-59 6- 1-71 11,915.80 $12,.260,08 U.S, Treasury Bills 10-11-62 1-10-63 59,590.80 ,-60000.00 72,260.08 Sewer Utility: U.S. Treasury Bills 10-11-62 1-10-63 29, 795.40 $30,000.00 N.W. Nat 'l C/D #1440 12-28-62 6-28-63 50,000.00 .5,0 000.00 80,000.00 P,II,,R, Fund: First Nat'l C/D #119 11- 7-62 5- 7-63 60,000.00 160,,00000 60,000.00 Special Assessme*lfi 5`u^c.: U.S. Treasury CJD 2-15-62 2-1.5-63 75,000 00 $75,000.00 N.W. Nat'l C/D #1419 11-14-62 5-14-63 30,000.00 30,000.00 105,000.00 Bond Retirement Fund: U.S. Treasury Bills 11- 8-62 2- 7-611 29,789.40 $30,000.00 N.W. Nat'l. C/D #1302 11- 9-62 5- 9-63 30,000.00 30,000.00 60,000.00 Total. $492,260.08 We sighted the City bonds and local certificates of deposit and verified the balance as held by the Northwestern National Bank of Hopkins and the First National Bank of Hopkins, ACCOUNTS RECEIVABLE. We have listed the outstanding accounts receivable from the individual accounts and the details are shown on Exhibit 1-4, We verified uncollected accounts at the time of our examination. With respect to public utility charges, we checked payments received V from January1, 1963 to April 17, 1963, and found that approximately 87percent STRAND PP Y & ROE of the balances were paid. Three old accounts were noted: Name Credit Since Route Amount Harold Riley 1961 2A $ 20.03 Verna Hayes 1954 7 210.00 S, Feinberg 1.960 12 63.42 INTERFUND ACCOUNTS A statement of the amounts due between funds is given at Exhibit 1-5. -5- City of Hopkins It was authorized by Council action that $25,000.00 of the cost of installing a storm sewer in the Parkridge Addition during the year 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 rate of $1,250.00 per year during the years 1947 to 1966. The amount of $59000.00 represents the payments due. 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 tax levy is being made for this issue; by resolution, it is being paid from the sewer utility revenues. The yearly amounts payable on this issue will be found on Exhibit F-4. The other items are due to a reclassification of receipts. MUNICIPAL STATE AID 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 municipality with the State. Per the annual statement from the State, the City of Hopkins had a reserve of $149,235.46 as of December 31, 1962. ASSESSMENTS RECEIVABLE The changes in special assessments receivable for the Special Assessments Fund and Permanent Improvement Revolving Fund during the year are given as vo STRAND Exhibits D-3 and E-3. To verify the correctness of these balances would necessi- & ROE tate considerable checking of the books in the County Auditor's office; this was not considered necessary by the City Management. ACCRUED INTEREST RECEIVABLE This represents interest due on investments owned as of December 31, 1962. -6- City of Hopkins CURRENT TAX LEVY The tax levy collectible in 1963 is as adopted by the City Council. Except for the Bond Retirement Fund, this levy is offset on the balance sheet by a reserve of an equal amount. FUTURE ASSESSMENTS 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 analysis 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 Exhibit I-9 is shown the payment schedule. An offsetting liability is shown under the liabilities section of the General Revenue balance sheet since the full value is reflected as a part of the Capital Fund. DELINQUENT TAXES Delinquent taxes are not reflected on the accompanying balance sheets but will be shown in revenues and surplus of the various funds as they are col- lected. Delinquent taxes as at December 31, 1962, per information obtained from mo the County Auditor, were as follows: STRAND & ROE Personal Real Special Levy Collectible Property Estate Assessments Total 1957 1958 $ 14.05 $ 38.21 $1,046.91 $ 1,099.17 1958 1959 184.80 150.69 585.23 920. 72 1959 1960 1,647.59 455.19 382. 67 2,485.45 1960 1961 424. 64 1,772.10 829.85 3,026.59 1961 1962 858. 64 14,903.43 4,239.42 20,001.49 Totals $3,129. 72 $17,319. 62 $7,084.08 $27,533.42 I -7- city of Hopkins Summaries of delinquent taxes older than five years are no longer maintained by the County Auditor, FUTURE ASSESSMENTS This account represents the estimated amount to be assessed on projects which have been authorized. A detail by project will be found at Exhibit D-4, INVENTORIES The inventories are listed on Exhibit 1-6. The inventory quantities were submitted to us by City employees. We test sighted the larger items. We have also test checked pricing, extensions, and footings. PREPAID EXPENSES Prepaid expenses consisted of items chargeable to future years: Boiler Insurance $130.18 Public Officials' Bonds 365.42 Blanket Bond 141.21 Total $636.81 WORK IN PROCESS This represents the costs to December 31 , 1962, 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 as Exhibit D-4. FIXED ASSETS Additions to fixed assets during the year under review are given at 100 Exhibits B-4, C-4, and G-2. Depreciation has been estimated on the revenue pro- STRAND & ROE ducing departments as a 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, 1962, are carried over from the prior report. No complete analysis was made of all beginning valuations. -8- City of Hopkins LIABILITIES , RESERVES , AND SURPLUS ACCOUNTS AND CONTRACTS PAYABLE 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 1-7, I-8, and 1-9. The sewerage disposal contract arose when a joint program was initiated whereby the Cities of Hopkins and St. Louis Park were allowed to connect with the sewerage system of the City of Minneapolis. ACCRUED LIABILITIES This account consists of Escrow Payments on Sale of Lots Interlachen Park R/W $1,035.00 Minnesota Withholding Tax 1.90 Total $1,036.90 PROJECTS AUTHORIZED Under Exhibit D-4 we give details on the projects authorized as at December 31, 1962° These amounts represent the estimated direct costs of com- pleting 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 month of December, 1962, which are applicable to the year 1963. BONDS PAYABLE V STRAND We submit at Exhibit 1-9 a detail of the total bonded indebtedness of & ROE the City. Under Exhibits B-5, C-5, E-4, F-3, and F-4, we present details on the individual bond issues by years. We sighted the bonds and interest coupons paid and cancelled during the year. -9- c_i _y_of Hopkins FUND BALANCE This account represents the gross amount of bonds issued under the P.I.R. Fund 4nd constitutes the basis, when collected, for future improvements without the need of further bond issues. SURPLUS The net worth of the City is reflected in the surplus accounts. They are detailed by funds at Exhibits Al, B-1, C-1, D-1, E-1, F-1, G-1, and H-1. COMPARATIVE BALANCE SHEETS Under Exhibit 1-2 is presented a comparative balance sheet of all the City's facilities. It should be noted that this is the fifth consecutive year that improvement has been made in fund balances. The major changes are as follows: Additions: Net Revenues Over Expenditures $24,034.40 • Assessment Fees and Interest 81 348.11 $105,382.51 Deductions: Loss of Interest on Prepayment $ 4,054.46 Sewer and Mains from Surplus 27,149.02 Sundry Items 3,721.08 34,924.56 Net Surplus Change: Unappropriated $74,136.15 Current (3,678,20) $ 70,457.95 OPERATIONS Detailed statements showing the revenues and expenditures for each fund are given under the respective sections of this report. po STRAND A summary of the budgeted funds is given on the following page. & ROE -10- City of Hopkins Description Actual Budget Over Under RECEIPTS: General Revenue $ 759,673.25 $ 711,995.00 $47,678.25 $ General Rev.-Current Surplus - 107,526,00 107,526.00 Water Utility 114,064.12 107,950.00 6,114.12 Water Utility-Current Surplus - 5,500.00 5,500.00 Sewer Utility 113,234,34 106,550.00 6,684.34 Bond Retirement 109,383,08 92,736.00 16,647.08 Total Receipts $1,096,354. 79 $1,132,257.00 $ 35,902.21 EXPENDITURES General & Special Revenues $ 747,490.28 $ 819,521.00 $ $ 72,030. 72 Water Utility 94,578.35 113,450.00 18,871.65 Sewer Utility 111,188,40 97,300.00 13,888.40 Sewer Utility-Current Surplus - 9,250.00 9,250.00 Bond Retirement _ 108 820.94 92,736.00 16,084.94 Total Expenditures $1,062,077.97 $1,132,257.00 $ $ 70,179.03 Net Cash Gain for the Year $ 34,276,82 $ $34,276.82 $ Under Exhibits B-6 and C-6 we present operating statements on the accrual basis for the water 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 earnings; however, the sewer utility has a net loss for the year due to two extraneous items listed under other deductions. Exhibit 1-12 shows a detail of cash receipts and disbursements for the Municipal Court. CONTINGENCIES The following claims have been filed against the City during the year ko under review: STRAND & ROE Claimant Injury Amount a. Mr. and Mrs. Armin Toon Basement Flooding $ 427.00 b. Don E. Hansen Curb Injury to Person 1,790.00 c. Robert McLouden Electrical Shock Injury 50,000.00 d. Sally Ann and Donald Black Auto Injury - 12th Ave. & Hy. 7 125,000.00 General comments on each of the claims follow: -11- City of Hopkins a. City Attorney sees no proof of negligence on the part of the City. b. City Council has authorized City Attorney to settle for amount less than half of claim. c. Claimant is also suing Northern States Power Company and Barbarossa Construction Company. No action as yet. d. Claimant suing auto driver, Judith Ann Miller, and suing City of Hopkins for negligence in design of intersection, No action taken as yet. GENERAL During the course of our examination, a number of items came to our attention which we feel should be considered in an endeavor to better follow the regulations and to increase the efficiency within the administrative organization. 1. The malt off sale license fee per the ordinance is $12.00 per year; actually collected $10.00. 2. Ordinance 88 regulates used car lots. It is uncertain from the wording of the ordinance whether the yearly fee and bond refers to each lot or company. Both methods have been followed in collecting the license fees. 3. Electrical, plumbing, oil and gas burner permits require state licenses and bonds attached. In most instances these items were not attached. 4. None of the Council minutes for the year 1962 have been signed. 5. The sewer break between 9th and 10th Avenues on Excelsior Boulevard was an emergency situation. The cost of repair exceeded $500.00. No bids were let nor was an emergency ordinance issued as required. 6. State Statutes allow doing business with Councilmen only under certain conditions. Such conditions do not exist in a metropolitan area; however, V payments in the amount of $1,508., 72 were made to the Pokorny Plumbing Company. STRAND & ROE 7. The regular employees are hired on a yearly salary. The bi-weekly payments are obtained by dividing the yearly salary by 26. Thus the employees have been paid one extra day's salary beyond the yearly schedule since December 31, 1962, was on a Monday. 8. Several lots from the old Interlachen Park street car right of way have been sold. Escrow payments were made by the parties in December 1961. We -12- City of Hopkins have been informed that certain legal papers must be completed as to City limit boundaries before the sales can be completed. Efforts should be made to consum- mate these sales. 9. Residential lots have been acquired through the Building Fund as a site for a new City Hallo Proper evidence of ownership is not as yet on file with the City Clerk showing ownership to all property acquired. 10. Sever;1 of the Building Fund homes have been rented during the year under review° The receipts and expenditures on these properties have been handled through the General Fund. The net cash income should be credited to the Building Fund. The amounts involved for the year 1962 are as follows: Rental Receipts $5,025.00 Expenditures 2.114.89 Net Cash to be Transferred $2,910.11 11 Prenumbered receipt forms should be used in all cases where monies are received by the City. Several forms are hand numbered. 12. A ledger listing capital assets and describing the individual items of property owned by the City should be maintained. It would assist in controlling accountability and responsibility. 13. A number of conferences have been held relative to changes needed in your accounting system; however no steps have been taken to reach a conclusion on the changes to be made. Job analysis reports have been written up; however no V specific organization chart has been set up. The need of a cash register has been STRAND & ROE suggested a number of times for the cashier's office; however no action has been taken. A great deal of hand written work is being performed. The redesigning of forms and possible use of other mechanical equipment should be investigated to improve the efficiency of the office. -13 of HoPlE CONCLUSION Based on our examination of the transactions for the year, we conclude that the City is continuing to make a substantial 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. V STRAND & ROE • GENERAL FUND V STRAND & ROE -14- EXHIBIT A City of Hopkins Hopkins, Minnesota GENERAL AND SPECIAL REVENUE FUND BALANCE SHEET As At December 31, 1962 General Beach Assets Total Revenue Parking Concession Treasurer's Cash $ 139,305.47 $ 133,882.21 $ 950. 62 $4,472.64 Petty Cash 405.00 405.00 Accounts Receivable 6,550.25 6,550.25 Investments 115,000,00 115,000.00 Accrued Interest Receivable 328.10 328.10 Due on Municipal State Aid Fund 149,235.46 149,235.46 Provision for Debt Retirement 66,300.00 66,300.00 Inventories 14,015.80 13,540.54 475.26 Prepaid Expenses 636.81 636.81 Current Tax Levy 535,634,00 535,634.00 Total Assets $1,027,410.89 $1,021 ,512.37 $1,425.88 $4,472.64 Liabilities�Reserves, and Surplus, Accounts Payable $ 63,050.59 $ 63,050.59 $ $ Accrued Liabilities 1,036.90 1,036.90 Due to Other Funds 144.00 144.00 Prepaid Revenues 25,797.00 25,797.00 Due on Contract. for Deed 66,300 00 66,300.00 Reserve for Municipal State Aid 149,235.46 149,235.46 Reserve for Current Tax Levy 535,634.00 535,634.00 Surplus - Unappropriated 186,212.94 180,314.42 1,425.88 4,472. 64 Total Liabilities, Reserves, and Surplus $1,027,410.89 $1,021,512.37 $1,425.88 $4,472. 64 1,0 STRAND & ROE -15- 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 1962 General Beach Total Revenue Parking Concession BALANCE - DECEMBER 31, 1961 $177,599.57 $173,579. 70 $ 599.95 $ 3,419.92 ADDITIONS: Revenues per Accompanying Statements 775 ,818.58 759,673.25 9,351.25 6,794.08 $953,418.15 $933,252.95 $9,951.20 $10,214.00 DEDUCTIONS: Expenditures per Accompanying Statements $761,710.22 $747,490.28 $8,478.58 $ 5,741.36 Adjust Inventory 3,728.01 3,681.27 46. 74 Charge Off Accounts Receivable 121.20 121.20 Sanitary Sewer - Milwaukee St. _ 1,645. 78 1,645. 78 1767,205.21 $752,938.53 18,525.32 $ 5,741.36 BALANCE - DECEMBER 31, 1962 $186,212.94 1180,314.42 $1,425.88 $ 4,472. 64 STRAND & ROE -16- EXHIBIT A-2 City of Hopkins Hopkins, Minnesota GENERAL FUND STATEMENT OF REVENUES For the Year Ended December 31 1962 Actual Estimated Over Description Revenue Revenue (Under) 1 Property Taxes: Current $512,932.54 $523,495.00 ($10,562.46) Delinquent 5,076.97 4,000.00 1,076.97 Penalty and Interest 2,488.38 2,000.00 488.38 State-Shared Taxes: Liquor 12,848.10 11,000.00 1,848.10 Cigarette 20,124.90 22,000.00 (1,875.10) Bank Excise 4,394.36 2,000.00 2,394.36 Mortgage Registry 2,990.00 2,000.00 990.00 State Aid Roads - M<<intenance 10,611. 76 9,000.00 1,611. 76 Mobile Homes 91.19 - 91.19 Licenses: Liquor - On Sale 16,560.00 16,560.00 - Liquor - Off Sale 992.00 1,035.00 (43.00) Liquor - Club 200.00 200.00 - Liquor - Malt - On Sale 759.00 700.00 59.00 Liquor - Malt - Off Sale 232.00 300.00 (68.00) Soft Drinks 722.00 500.00 222.00 Milk - Sales 42.00 50.00 (8.00) Milk - Trucks 160.00 150.00 10.00 Amusement Devices 144.00 60.00 84.00 Oil and Gas Burner Installation 400,00 500.00 (100.00) Plumbers 585.00 600.00 (15.00) Gasoline - Filling Stations 675.00 650.00 25.00 Gasoline - Bulk Stations 200.00 200.00 - Bowling Alleys 132.00 132.00 - Theater 86.00 83.00 3.00 Cigarette 1,181.84 1,000.00 181.84 Taxicabs 128.00 130.00 (2.00) Peddlers 420.52 500.00 (79.48) Billboards and Signs 11.00 15.00 (4.00) Electrician 1,123.50 1,100.00 23.50 Used Car Lots 1,204.00 1,300.00 (96.00) Dance Hall 31.00 15.00 16.00 Benches 138.00 120.00 18.00 Other 6.00 50.00 (44.00) Dog 1,133. 75 900.00 233. 75 Bicycle 113.25 100.00 13.25 STRAND & ROE Permits: Building 10,280.35 3,500.00 6,780.35 Electrical 4,205.95 2,000.00 2,205.95 Plumbing 723.00 500.00 223.00 Oil and Gas Burner 194.00 150.00 44.00 Street Openings 974.00 500.00 474.00 Interest on Investments 3,073.00 2,000.00 1,073.00 Rents: Regular 4,020.00 800.00 3,220.00 Building Fund Properties 5,025.00 - 5,025.00 -17- EXHIBIT A-2 Page 2 City of Hopkins Hopkins, Minnesota GENERAL FUND STATEMENT OF REVENUES For the Year Ended December 31 1962 Actual Estimated Over Description Revenue Revenue (Engs2) Municipal Court; Fines $ 21,843.00 $ 23,000.00 $(1,157.00) Fees 5,949.25 6,500.00 (550. 75) Court Officers 1,160.45 450.00 710.45 Accident Reports 236.00 50.00 186.00 Fire Protection 1,800.00 - 1,800.00 L ibr:ry Fines ,..nd Fees 831.83 1,100.00 (268.17) Recreation° Salary Subsidy 570.00 500.00 70.00 Fees - Classes 3,290.00 3,500.00 (210.00) Craft Materials 892.94 1,000.00 (107.06) Fees - Basketball Entry 1,107.00 1,000.00 107.00 Fees - Softball Entry 1,442.00 1,400.00 42.00 Soft Drinks - Rinks 1,252.37 900.00 352.37 Bus Transportation 1,970.55 2,300.00 (329.45) Beach Parking Stickers 2,546.00 2,200.00 346.00 Swimming Pool 5,002.70 3,500.00 1,502. 70 Reimbursements 52. 78 200.00 (147.22) Contributions - School District #274 11,500.00 11,500.00 - Contributions - Minnetonka Village 5,000.00 5,000.00 - Sundryo Maps $ 16.50 Telephone Commission 188.43 Dog Pound Fees 293.00 Title Search 28.00 Garnishments 25.00 Sale of Property 207.80 Sale of Thermo Fax 150,00 Sale of Tri Shed 200.00 Sale of Safe 100.00 Auction Sale 170. 66 Refunds 1,386. 66 Insurance Claims 118,54 Damage Recoveries 242.29. 3,126.88 1 ,000.00 2,126.88 Transfers° Parking Meters 5,000.00 5,000.00 - V P.I.R. Fund 42,666.14 15,000.00 27,666.14 STRAND Water Fund 8,000.00 8,000.00 - & Roe Sewer Fund 7,000.00 7,000.00 - Totals $759,673.25 $711 ,995.00 $47,678.25 1 -18- EXHIBIT A-3 City of Hopkins Hopkins, Minnesota GENERAL FUND SUMMARY STATEMENT OF EXPENDITURES For the Year Ended December 31 1962 Actual Appro- (Over) Description Expenditures priations Under Council $ 5,075.52/$ 4,400.00 $ (675.52) Manager's Office 28,616.97/ 27,750.00 (866.97) Municip:l Court 10,908.771 10,400.00 (508. 77) Elections 2,126.16 2,500.00 373.84 City Clerk 15,046. 75 11,700.00 (3,346. 75) Legal Service 4,567.08 4,000.00 (567.08) Assessing 12,454.18✓ 15,850.00 3,395.82 Zoning and Planning 5,138.34 3,900.00 (1,238.34) Charter Commission 156.93 350.00 193.07 Insurance 15,823.39 11,500.00 (4,323.39) Police 103,994.10 104,000.00 5. 90 Fire 52,484. 67 51,700.00 (784. 67) Inspection Services 8,676.24 8,700.00 23. 76 Public Employees' Retirement Association 20,660.39 20,675.00 14. 61 Civil Defense 1,626.44 2,000.00 373.56 Dog Control 1,931.00 1,600.00 (331.00) Weed Control 677.56 775.00 97.44 Engineering 19,486. 65 18,745.00 (741. 65) Street Administration 75 ,152.84✓ 62,800.00 (12,352.84) Storm Drain - Sidewalk Maintenance 22,440.99 49,000.00 26,559.01 Street and Alley Maintenance 4,968. 76✓ 6,300.00 1,331.24 Snow and Ice Removal 11,658.32 13,700.00 2,041.68 Traffic Signals and Markings 7,553.97 9,900.00 2,346.03 Street Cleaning 3,945. 79v 4,500.00 554.21 Street Lighting and Tree Service 26,229.29 28,000.00 1,770. 71 Street Patching 14,575.77. 13,500.00 (1,075. 77) Resurfacing and Sealing 14,341.94. 16,000.00 1,658.06 Garbage Pickup and Dump Operation 58,304.22 64,330.00 6,025. 78 Municipal Building 9,371. 75 6,450.00 (2,921. 75) Health 3,057.40 3,350.00 292.60 Welfare 13,067. 76 12,500.00 (567. 76) Library 21,775.94 23,000.00 1,224.06 Recreation 50,989.32 53,235.00 2,245.688Po Parks 42,554.98 42,350.00 (204.98) STRAND Contingencies 56,003,50 107,961.00 51,957.50 & ROE Hennepin County Parks 2,046.60 2,100.00 53.40 Totals $747,490.28 $819,521.00 $72,030. 72 1 -19- EXHIBIT A-4 City of Hopkins Hopkins, Minnesota GENERAL FUND - STATEMENT OF EXPENDITURES For the Year Ended December 31 1962 Appro- (Over) Description Expenditures priations Under COUNCIL: Salaries: Mayor $ 300.00 $ 300.00 $ - Councilmen 400.00 400.00 - Advertising and Publications 1,612. 17 1,000.00 (612.17) . Travel and Subsistence 166.35 750.00 583. 65 Audit 1,765.00 1,500.00 (265.00) Subscriptions and Memberships 832.00 450.00 (382.00) Total Council $ 5,075.52 $ 4,400.00 $ (675.52) MANAGER'S OFFICE: Salaries: City Manager $11,200.00 Regular 11,068.11 Part Time 1,199.54 $ 23,467.65 $ 21,600.00 $(1,867. 65) Commun ic.:t ion: Telephone 1,742. 74 1,400.00 (342. 74) Postage 102.67 200.00 97.33 Advertising and Publications 579.25 1,100.00 520. 75 Travel and Subsistence 842.17 ' 1,200.00 357.83 Tuition and Registration 240.00 50.00 (190.00) Equipment Maintenance 177.32 200.00 22. 68 Office Supplies 904.57 1,400.00 495.43 Subscriptions and Memberships 108.00 150.00 42.00 Equipment: Name Plates $ 35.80 Table - Wood 25.00 60" x 30" Haskell Table 69.95 A. B. Dick Photo Copy Machine 321.85 452.60 450.00 (2. 60) Total Manager's Office $ 28,616.97 $ 27,750.00 $ (866.97) MUNICIPAL COURT: Salaries: Judges $ 3,375.00 $ 3,000.00 $ (375.00) Clerk of Court 3,040.35 3,500.00 459.65 Court Officer 1,255.21 1,000.00 (255.21) Temporary Services 1,989.37 1,500.00 (489.37) STRAND Clerical 408.40 200.00 (208.40) & ROE Communications: Telephone 135.05 225.00 89.95 Postage 66.33 75.00 8. 67 Travel and Subsistence 75.45 250.00 174.55 Equipment Maintenance 9.13 25.00 15.87 Testing - 50.00 50.00 Office Supplies 474.98 500.00 25.02 Subscriptions and Memberships 79.50 75.00 (4.50) Total Municipal Court $ 10,908. 77 $ 10,400.00 $ (508. 77) -20- EXHIBIT A-4 Page 2 City of Hopkins Hopkins, Minnesota GENERAL FUND - STATEMENT OF EXPENDITURES For the Year Ended December 31 1962 Appro- (Over) Description Expenditures priations Under ELECTIONS: Temporary Services $ 2,078. 81 $ 2,100.00 $ 21.19 Advertising and Publications 100.00 100.00 Office Supplies ____47035 m_ _ . 300.00 252.65 Total Elections $ 2,126.16 $ 2,500.00 $ 373.84 CITY CLERK'S OFFICE: Salaries: Clerk $7,830,00 Clerical 6,284.24 $ 14,114.24 $ 10,900.00 $(3,214.24) Postage 99.34 100.00 . 66 Travel and Subsistence 309.37 250.00 (59.37) Tuition and Registration 35.00 25.00 (10.00) Office Supplies 465.80 400.00 (65.80) Subscriptions and Memberships 23.00 25.00 2.00 Total City Clerk's Office $ 15,046. 75 $ 11, 700.00 $(3,346. 75) LEGAL SERVICES: Salaries: City Attorney $1,800.00 Part Time 67.00 $ 1,867.00 $ 2,100.00 $ 233.00 Travel and Subsistence 189.00 150.00 (39.00) Professional Services 2,491. 70 1,600.00 (891. 70) Office Supplies 19.38 75.00 55.62 Subscriptions and Memberships - 75.00 75.00 Total Legal Services $ 4,567.08 $ 4,000.00 $ (567.08) ASSESSING: Salaries: Real Estate - Field $ 4,191.51 $ 6,000.00 $ 1,808.49 Real Estate - Office 5,639.83 6,000.00 360.17 Personal Property - Field 1,407.49 1,600.00 192.51 Personal Property - Office 516.44 1,000.00 483.56 Postage 168.95 300.00 131.05 Po Advertising and Publications 4.50 100.00 95.50 Travel and Subsistence 189.37 300.00 110. 63 STRAND a ROE Tuition and Registration 21.50 100.00 78.50 Equipment Maintenance - 50.00 50.00 Office Supplies 256.59 300.00 43.41 Subscriptions and Memberships 58.00 100.00 42.00 Total Assessing $ 12,454.18 $ 15,850.00 $ 3,395.82 -21- EXHIBIT A-4 Page 3 City of Hopkins Hopkins, Minnesota GENERAL FUND - STATEMENT OF EXPENDITURES For the Year Ended December 31 1962 Appro- (Over) Description Expenditures priations Under ZONING AND PLANNING: Salaries - Part Time $ 14. 05 $ - $ (14.05) Advertising and Publications 291.00 150.00 (141.00) Travel and Subsistence 5.00 200.00 195.00 Professional Services 4,684.47 3,300.00 (1,384.47) Office Supplies 64.32 200.00 135. 68 Subscriptions and Memberships 79.50 50.00 (29.50) • Total Zoning and Planning $ 5,138.34 $ 3,900.00 $(1,238.34) CHARTER COMMISSION: Advertising and Publications $ 20.00 $ 50.00 $ 30.00 Printing 89.00 200.00 111.00 Professional Services 20.00 50.00 30.00 Office Supplies 27.93 50.00 22.07 Total Charter Commission $ 156.93 $ 350.00 $ 193.07 INSURANCE: Fire $ 1,145.16 $ 1,000.00 $ (145.16) Comprehensive Automobile 2,268.76 2,200.00 (68. 76) Workmen's Compensation 8,977.19 7,800.00 (1,177.19) Official Bonds 562. 63 500.00 (62.63) Hospitalization Insurance 2,869. 65 - (2,869. 65) Total Insurance $ 15,823.39 $ 11 ,500.00 $(4,323.39) POLICE: Salaries: Regular $ 80,239. 73 $ 78,921.00 $(1,318. 73) Part Time 3,284.18 2,500.00 (784.18) Vacation 2,421.46 4,800.00 2,378.54 Holiday 3,403.48 4,379.00 975.52 Sick Leave 2,065.54 800.00 (1,265.54) Communications: Telephone 1,119.54 1,100.00 (19.54) Postage 56.84 75.00 18.16 Radio 789. 79 950.00 160.21 V Travel and Subsistence 627.65 500.00 (127.65) STRAND Tuition and Registration 145.20 200.00 54.80 & ROE Mileage 140.37 50.00 (90.37) Maintenance of Equipment 931.96 700.00 (231.96) Maintenance of Vehicles 2,542.33 1,900.00 (642.33) Boarding Prisoners - Workhouse 2,582.50 2,000.00 (582.50) Boarding Prisoners - Local 168.11 100.00 (68.11) Professional Services 208.26 150.00 (58.26) Towing 101.00 50.00 (51.00) Office Supplies 794.41 600.00 (194.41) Uniforms 771.45 675.00 (96.45) Gasoline and Oil 1,483.35 1,800.00 316. 65 -22- EXHIBIT A-4 Page 4 City of Hopkins Hopkins, Minnesota GENERAL FUND - STATEMENT OF EXPENDITURES For the Year Ended December 31, 1962 Appro- (Over) Description penditures priations Under POLICE: (Continued) Subscriptions and Memberships $ 34.50 $ 50.00 $ 15.50 Equipment: Chair for Despatcher $63.95 Typewriter Stand 18.50 82.45 1,700.00 1,617.55 Total Police $103,994.10 $104,000.00 $ 5.90 FIRE: Salaries: Fire Calls $ 9,603.12 $ 10,980.00 $ 1,376.88 Maintenance 1,020.00 1,020.00 - Communication: Telephone 1,815. 64 1,900.00 84.36 Radio 675. 74 650.00 (25. 74) Travel and Subsistence 679.94 700.00 20.06 Tuition and Registration 400.00 400.00 - Maintenance of Equipment 2,061.10 1,500.00 (561.10) Maintenance of Vehicles 1,046.42 1,200.00 153.58 Clothing 223.15 300.00 76.85 Gasoline and Oil 379.36 800.00 420. 64 Hose Maintenance 456.80 1,000.00 543.20 Insurance 196.10 200.00 3.90 Subscriptions and Memberships 62.00 100.00 38.00 Fireman's Relief - Statutory 5,925.30 5,950.00 24. 70 Equipment: New Fire Truck 27,940.00 25.000.00 (2,940.00) Total Fire $ 52,484.67 $ 51 ,700.00 $ (784. 67) INSPECTION SERVICES: Building Inspector $ 5,747. 79 $ 5,500.00 $ (247. 79) Fire Marshall 67.96 - (67.96) Electrical Inspector 1,694.88 1 ,500.00 (194.88) License Inspector 427.18 500.00 72.82 Salary - Part Time 169, 74 500.00 330.26 Postage 1.24 25.00 23. 76 Advertising and Publications 96.17 25.00 (71,17) Travel and Subsistence 68.26 325.00 256, 74 STRAND Office Supplies 338,02 300.00 (38.02) & ROE Subscriptions and Memberships 65.00 25.00 (40,00) Total Inspection Services $ 8,676.24 $ 8,700.00 $ 23. 76 PUBLIC EMPLOYEES' RETIREMENT ASSOCIATION $ 20,660.39 $ 20,675.00 $ 14.61 CIVIL DEFENSE: Salaries - Part Time $ 107.22 $ - $ 107.22 Travel and Subsistence 4.90 600.00 (595.10) Miscellaneous Supplies 206.81 1,400.00 (1,173.19) To Cancel 1961 Account. Payable (215.10) - (215.10) -23- EXHIBIT A-4 Page 5 City of Hopkins Hopkins, Minnesota GENERAL FUND - STATEMENT OF EXPENDITURES For the Year Ended December 31, 1962 Appro- (Over) Description Expenditures priations Under CIVIL DEFENSE: (Continued) Equipment: Metal File Cabinet $ 40.00 30 Ok Chairs - Used 90.00 3 Arm Chairs - Used 16.50 36" x 96" Folding Table 42.20 Wardrobe Cabinet 56.48 Two Way Mobile Radio 723.00 Civil Defense Uniforms: 20 Blouses $447.38 2 Pants, Shirts & Caps 62.80 2 Pants and Jacket 44.25 554.43 1,522.61 1,522. 61 Total Civil Defense $ 1,626.44 $ 2,000.00 $ 373.56 DOG CONTROL: Animal Rescue League $ 1,931.00 $ 1,500.00 $ (431.00) Testing 100.00 100.00 Total Dog Control $ 1,931.00 $ 1,600.00 $ (331.00) WEED CONTROL: Salaries $ 15.00 $ 100.00 $ 85.00 Weed Inspector 450.00 450.00 - Advertising and Publications 19.56 20.00 .44 Travel .1nd Subsistence 3.00 5.00 2.00 Weed Spraying 190.00 200.00 10.00 Total Weed Control $ 677.56 $ 775.00 $ 97.44 ENGINEERING: Salaries: Regular $ 15,848.46 $ 15,300.00 $ (548.46) Part Time 928.95 600.00 (328.95) Postage 35.45 50.00 14.55 Travel and Subsistence 253.80 150.00 (103.80) Tuition and Registration 70.00 60.00 (10.00) Maintenance of Equipment - 70.00 70.00 ✓ Maintenance of Vehicles 25.24 100.00 74. 76 STRAND Office Supplies 324.90 300.00 (24.90) & ROE Gasoline and Oil 78.22 75.00 (3.22) Subscriptions and Memberships 45.00 40.00 (5.00) Equipment: 1962 Falcon Station Bus $1,950.00 Less° 1950 Chev. Truck 100.00 $1 ,850.00 Flasher Dome Light 26. 63 1,876. 63 2,000.00 123.37 Tot:.l Engineering $ 19,486. 65 $ 18,745.00 $ (741. 65) -24- EXHIBIT A-4 Page 6 City of Hopkins Hopkins, Minnesota GENERAL FUND - STATEMENT OF EXPENDITURES For the Year Ended December 31 1962 Appro- (Over) Description Expenditures 2111Lions Under STREET ADMINISTRATION Salaries: Regular $ 19,176.59 $ 15,500.00 $(3,676.59) Vacation 3,898.56 4,000.00 101.44 Holiday 2,925.07 3,000,00 74.93 Sick Leave 1 ,537.37 2,000,00 462.63 Telephone 678.65 250.00 (428.65) Utility Services 3,541,82 2,100.00 (1,421.82) Maintemv.nce of Building 3,984.50 300.00 (3,684.50) Maintennce of Vehicles 12,469.81 9,100.00 (3,369.81) Office Supplies 8.33 25.00 16. 67 Gasoline and Oil 5,377. 79 6,000.00 622.21 Miscellaneous Supplies 196,37 25.00 (171.37) Shop Supplies 1,275.97 1,000.00 (275.97) Equipment: File Cabinets $ 40.00 36" Foot Controlled Water Fountain 193.34 #316 Sioux Wrench 138.50 Barnes Drill Press 175.00 Walker H.D. Trans. Jack 299,95 2 Swivel Arm Chairs 98.00 Bishman Tire Tool 227.25 Cub Lo-Boy Tractor 1,650,00 1,500 W. Generator $ 91,00 Less: 1,200 W. Generator 46.00 45.00 Simplex Time Recorder $185.50 Less: Clock 15.00 170.50 Rotating Warning Light for Loader 52.50 4 W. Drive - Tractor Shovel Loader $23,271.97 Less: 1958 Hough Payloader 6,260.00 17 011.97 20 102.01 19,500.00 (602.01) Total Street - Administration $ 75,152.84 $ 62,800.00 ($12,352.84) STREET - STORM SEWER AND SIDEWALKS: Salaries $ 5,378.11 $ 3,500.00 $(1,878.11) Maintenance of Sidewalks 1,212.91 500.00 (712.91) vo Culverts, Pipes, and Supplies 13,504. 70 45,000.00 31 ,495.30 STRAND Nine Mile Creek 2,345.27 (2,345.27) & ROE Total Street - Storm Sewer and Sidewalks $ 22,440.99 $ 49,000.00 $26,559.01 STREET - STREET AND ALLEY: Salaries $ 3,747. 71 $ 3,000.00 $ (747. 71) Street Maintenance 69. 74 300.00 230.26 Contractual Materials 748.80 1,200.00 451.20 Parking Lot Maintenance 311.30 1,500.00 1,188.70 Miscellaneous Supplies 91.21 300.00 208.79 Total Street - Street and Alley $ 4,968,76 $ 6,300.00 $ 1,331.24 -25- EXHIBIT A-4 Page 7 City of Hopkins Hopkins, Minnesota GENERAL FUND - STATEMENT OF EXPENDITURES For the Year Ended December 31, 1962 Appro- (Over) Description Expenditures priations Under STREET - SNOW AND ICE REMOVAL: Salaries $ 9,365. 73 $ 9,000.00 $ (365.73) Miscellaneous Supplies 15.00 200.00 185.00 Maintenance Materials 2,277.59 4,500.00 2,222.41 ' Total Street - Snow and Ice Removal $ 11,658.32 $ 13,700.00 $ 2,041.68 STREET TRAFFIC SIGNS, SIGNALS , AND MARKINGS: Salaries $ 2,474. 76 $ 2,000.00 $ (474. 76) Electrical Service 1,691.37 1,500.00 (191.37) Maintenance of Traffic Signals 1,102.99 1,100.00 (2.99) Stripping 928.15 1,000.00 71.85 Traffic and Street Signs 1,356. 70 4,300.00 2,943.30 Total Street - Traffic Signs, Signals, nd Markings $ 7,553.97 $ 9,900.00 $ 2,346.03 STREET - STREET CLEANING: Salaries $ 3,945. 79 $ 4,500.00 $ 554.21 STREET - STREET LIGHTING AND TREE SERVICE: Salaries $ 2,509.89 $ 2,000.00 $ (509.89) Electrical Service 20,911.48 22,000.00 1 ,088.52 Maintenance of Lights 1,460.94 1,000.00 (460.94) Tree Trimming and Spraying 1,334.40 2,800.00 1,465. 60 Miscellaneous Supplies 12.58 200.00 187.42 Total Street - Street Lighting and Tree Service $ 26,229.29 $ 28,000.00 $ 1,770. 71 STREET - PATCHING: Salaries $ 7,442.16 $ 5,000.00 $(2,442.16) Materials 7,133.61 8,500.00 1,366.39 Total Street - Patching $ 14,575. 77 $ 13,500.00 $(1,075.77) STREET - RESURFACING AND SEALING: Salaries $ 2,476.09 $ 2,500.00 $ 23.91 ✓ Materials 11,865.85 13,500.00 1,634.15 STRAND & ROE Total Street - Resurfacing and Sealing $ 14,341.94 $ 16,000.00 $ 1 ,658.06 GARBAGE PICKUP AND DUMP: Salaries: Administrative $ 5,596.84 $ 6,800.00 $ 1,203.16 Pickup 33,971.84 33,000.00 (971.84) Dump 10,455.89 14,520.00 4,064.11 Vacation 1,630.99 1,700.00 69.01 Holiday 1,209. 61 1,580.00 370.39 Sick 'Leave 790.57 400.00 (390.57) Maintenance of Vehicles 1,300.80 1,500.00 199.20 -26- EXHIBIT A-4 Page 8 City of Hopkins Hopkins, Minnesota GENERAL FUND - STATEMENT OF EXPENDITURES For the Year Ended December 31 1962 Appro- (Over) Description BApenditures priations Under GARBAGE PICKUP AND DUMP: (Continued) Extermination $ 180.00 $ 180.00 $ - Dirt and Land Fill 1,085.50 2,000.00 914.50 Gasoline and Oil 1,964.69 2,500.00 535.31 , Miscellaneous Supplies 117.49 150.00 32.51 Total Garbage Pickup and Dump $ 58,304.22 $ 64,330.00 $ 6,025.78 MUNICIPAL BUfLDING Salaries $ 2,000. 75 $ 2,250.00 $ 249.25 Utilities: Gas 1,096.20 1,300.00 203.80 Electricity 1,270.22 1,100.00 (170.22) Building Maintenance 4,312,38 1,200.00 (3,112.38) Janitor Supplies 692.20 600.00 (92.20) i I Total Municipal Building $ 9,371. 75 $ 6,450.00 $(2,921. 75) HEALTH: Rural Nursing Service $ 2,842.50 $ 2,850.00 $ 7.50 Health Officer 200.00 400.00 200.00 Supplies 14.90 100.00 85.10 Total Health $ 3,057.40 $ 3,350.00 $ 292. 60 PUBLIC WELFARE: County Relief Board - Relief $ 10,680.80 $ 10,750.00 $ 69.20 County Relief Board - Administration 2,386.96 1,750.00 (636.96) Total Public Welfare $ 13,067. 76 $ 12,500.00 $ (567. 76) PUBLIC LIBRARY: Salaries - Administrative $ 4,518.00 $ 4,550.00 $ 32.00 Salaries - Custodian 2,357.69 2,250.00 (107.69) Salaries - Part Time 7,895.90 8,750.00 854.10 Communication: Telephone 194.90 250.00 55.10 Postage 7.98 25.00 17.02 V Utilities: STRAND Gas 448.47 500.00 51.53 & ROE Electricity 431.66 400.00 (31. 66) Travel and Subsistence 156.45 300.00 143.55 Building Maintenance 39.40 200.00 160. 60 Equipment Maintenance 8.90 25.00 16.10 Office Supplies 96.97 200.00 103.03 Books and Periodicals 5,521.42 5,400.00 (121.42) Miscellaneous Supplies 55,10 100.00 44.90 Subscriptions and Memberships 43.10 50.00 6.90 Total Public Library $ 21,775.94 $ 23,000.00 $ 1 ,224.06 -27- EXHIBIT A-4 Page 9 City of Hopkins Hopkins , Minnesota GENERAL FUND - STATEMENT OF EXPENDITURES For the Year Ended December 31, 1962 Appro- (Over) Description penditures priations Under. RECREATION: Administrative Salaries $ 12,974.62 $ 13,200.00 $ 225.38 Telephone 293.90 275.00 (18.90) Postage 165.16 150.00 (15.16) Advertising and Publications 435.82 500.00 64.18 Travel and Subsistence 862.21 800.00 (62.21) Tuition and Registration 45.50 75.00 29.50 Office Supplies 337. 79 300.00 (37. 79) Miscellaneous Supplies 71.00 100.00 29.00 Subscriptions and Memberships 57..00 60.00 3.00 Total Administrative $ 15,243.00 $ 15,460.00 $ 217.00 General Activities: Junior and Midget Baseball $ 645.00 $ 600.00 $ (45.00) Instruction and Recreation Classes 3,330.13 4,000.00 669.87 Gym Supervision 903.00 900.00 (3.00) Miscellaneous Supplies 214.05 150.00 (64.05) Total General Activities $ 5 ,092.18 $ 5,650.00 $ 557.82 Playgrounds: Instruction $ 6,903.53 $ 7,200.00 $ 296.47 General Supplies 525. 79 500.00 (25. 79) Craft Supplies 621. 60 1,100.00 478.40 Athletic Supplies 447. 75 500.00 52.25 Total Playground $ 8,498.67 $ 9,300.00 $ 801.33 Basketball: Officiating $ 937.00 $ 950.00 $ 13.00 Supervision 402.50 400.00 (2.50) Supplies 48.45 50.00 1.55 Trophies 117.88 160.00 42.12 Subscriptions and Memberships 35. 75 40.00 4.25 Total Basketball $ 1,541.58 $ 1,600.00 $ 58.42 Softball: Officiating $ 804.00 $ 825.00 $ 21.00 Supervision 545. 75 550.00 4.25 Electricity 374. 61 450.00 75.39 y Supplies 105.28 100.00 (5.28) STRAND Trophies 76.40 75.00 (1.40) & ROE Balls 230.00 250.00 20.00 Subscriptions and Memberships 141.50 150.00 8.50 Total Softball $ 2,277.54 $ 2,400.00 $ 122.46 Skating Rinks: Supervision $ 2,495.25 $ 2,500,00 $ 4. 75 Electricity 185.19 275.00 89.81 Fuel 385,88 300.00 (85.88) Supplies 101.00 100.00 (1.00) Soft Drinks 800. 75 600.00 (200. 75) Total Skating Rinks $ 3,968.07 $ 3,775.00 $ (193.07) -28- EXHIBIT A-4 Page 10 City of Hopkins Hopkins, Minnesota GENERAL FUND - STATEMENT OF EXPENDITURES For the Year Ended December 31 1962 Appro- (Over) Description Expenditures priations Under RECREATION: (Continued) Beach: Instruction $ 2,507.02 $ 2,700.00 $ 192.98 Guarding 3,700.13 4,200.00 499.87 Parking Lot Attendants 438.50 1,500.00 1,061.50 Telephone 89.03 75.00 (14.03) Electricity 86.82 175.00 88.18 Supplies 520.09 500.00 (20.09) Bus Transportation 1,989.00 2,400.00 411.00 Total Beach $ 9,330.59 $ 11,550.00 $ 2,219.41 Pool: Instruction $ 3,893.17 $ 3,000.00 $ (893.17) Supervision 1,072. 68 400.00 (672. 68) Supplies 71.84 100.00 28.16 Total Pool $ 5.037.69 $ 3,500.00 $(1,537.69) Total Recreation $ 50,989.32 $ 53,235.00 $ 2,245.68 PARKS: Salaries $ 10,485.48 $ 10,500.00 $ 14.52 Building Maintenance 896.74 1,000.00 103.26 Equipment: Maintenance 645. 72 600.00 (45. 72) Skating Rink Maintenance 4,988.96 3,800.00 (1,188.96) Gasoline and Oil 157. 76 300.00 142.24 Supplies 2,624.81 2,800.00 175.19 Maintenance Material 1,323. 62 1,100.00 (223. 62) Miscellaneous 14,638. 65 19,000.00 4,361.35 Equipment: Public Address System $ 282.94 Cab for Worthington Tractor 49.75 Hydraulic Attachments for Worthington Tractor 152. 62 2 Heavy Duty Lawnmowers 200.00 Perfection Oil Burner 123.50 13 Bicycle Stands 98.65 3 - 1 1/2" Fog Nozzles 67.50 Gravely Sno-Blower 197.17 Hockey Boards for Skating Rinks 2,458.19 STRAND & ROE Bleachers for Softball Field 172.60 2 Baseball Backstops 875.00 Playground Equipment: Whirl-A-Way 279.00 Flying Ponies 388.32 Dome Whirl 488.00 Swing Set 255.00 8 x 16 Slide 225,00 Trail Blazer Slide 315.00 Steam Engine Climber 165.00 6,793.24 3,250.00 (3,543.24) Total Parks $ 42,554.98 $ 42,350.00 $ (204.98) -29- EXHIBIT A-4 Page 11 City of Hopkins Hopkins, Minnesota GENERAL FUND - STATEMENT OF EXPENDITURES For the Year Ended December 31 1962 Appro- (Over) Description Expenditures priations Under CONTINGENCIES Highway Survey $4,500.00 Injury Claim - Madden 2,000.00 Photos - D. Hansen Lawsuit 35.00 Town Center Study 2,400.00 Public Library Survey 3,100.00 Testimony - Drillone Sewer Lift 250.00 $ 12,285.00 $ 9,000.00 $(3,285.00) Appr.lisal Service $ 225,00 Rewire Gas Pumps - Garage 153.89 Test Drilling - Land Fill Sites 60 00 438.89 10,000.00 9,561.11 Real Estate Taxes on City Property $ 113.54 Assessments on City Property 2,564.14 2,677. 68 3,500.00 822.32 P.I.R. Expenditures Engineering Fees $5,631.25 Payroll-Notices-Miscellaneous 2 845. 68 8,476.93 3,536.00 (4,940.93) Reserve for Uncollectible Taxes 5,925.00 5,925.00 Purchase of Fairgrounds Property 32 125.00 76 000.00 43.875.00 Total Contingencies $ 56,003,50 $107,961.00 $51 ,957.50 HENNEPIN COUNTY PARKS 2,046. 60 2 100.00 53.40 Grand Totals 1247,490.28 $819,521.00 $72,030. 72 Po STRAND & ROE -30- EXHIBIT A-5 City of Hopkins Hopkins, Minnesota GENERAL FUND - PARKING FUND RESERVES OPERATING STATEMENTS For the Year Ended December 31, 1962 On Street Off Street Parking Description Parking Parking Violations Total STATEMENT OF REVENUES Meter Collections $5,660.50 $ $ $5,660.50 Special Parking Stickers 829.50 829.50 Violations 2,861.25 2,861.25 Total Revenues $5,660.50 $829.50 $2,861.25 $9,351.25 STATEMENT OF EXPENDITURES Labor $3,296.40 $ $ $3,296.40 Supplies 16.78 16.78 Legal 34.65 34.65 Coin Counting 95.00 95.00 Printing 23.75 23. 75 Refunds 12.00 12.00 Transfer to General Revenue 1,370. 65 768.10 2,861.25 5,000.00 Total Expenditures $4,790.83 $826.50 $2,861.25 $8,478.58 V STRAND & ROE -31- EXHIBIT A-6 City of Hopkins Hopkins, Minnesota GENERAL FUND - RECREATION - BEACH CONCESSION OPERATING STATEMENT For the Year Ended December 31 1962 peicri4tiort Amount Total STATEMENT OF REVENUES Concession Sales $6,233. 67 Merchandise Refunds 151.43 Locker Fees 16. 60 Insurance Claim - Vandalism 319.46 Refund - Electricity 72.92 Total Revenues $6,794.08 STATEMENT OF EXPENDITURES Salaries $1,840.54 Merchandise and Supplies 3,316.86 License 3.50 Laundry 36.57 Utilities 254.25 Repairs and Maintenance 116.54 Replace Door and Screen 139.10 Umbrellas (2) 34.00 Total Expenditures $5,741.36 vo STRAND & ROE WATER UTILITY FUND STRAND & ROE -32- EXHIBIT B City of Hopkins Hopkins, Minnesota WATER UTILITY FUND BALANCE SHEET As At December 31 1962 ASSETS Treasurer's Cash $ 11,519. 64 Petty Cash 100.00 Funds in Hands of Fiscal Agents 5,811.50 Investments 72,260.08 Accounts Receivable 9,628.14 Accrued Interest Receivable 31.42 Due from Other Funds 94.00 Inventory 6,824.91 Fixed Assets Land $ 4,725.20 Wells, Tanks, and Mains $1,327,856.42 Meters 9,387.37 Office Equipment 1,780.10 Sundry Equipment 4,860.40 Vehicles 8,291.59 $1,352,175.88 Less: Allowance for Depreciation 214,719.52 1,137,456.36 1,142,181.56 Total Assets $1,248,451.25 LIABILITIES , RESERVES, AND SURPLUS Accounts Payable 857.02 Matured Bonds and Interest 5,811.50 Bonds Payable 305,000.00 Interest Payable 81,323.50 Surplus - Current 99,701.17 Surplus - Invested in Fixed Assets 755,758.06 Total Liabilities, Reserves, and Surplus $1,248,451.25 10°' STRAND & ROE 1 1 -33- EXHIBIT B-1 City of Hopkins Hopkins, Minnesota WATER UTILITY FUND ANALYSIS OF CHANGES IN SURPLUS For the Year Ended December 31, j962 SURPLUS - CURRENT BALANCE - DECEMBER 31 1961 $105,518.31 ADDITIONS: Revenues - Per Accoupanying Statement $114,064.12 Adjust Inventory 200.33 114,264.45 $219,782.76 DEDUCTIONS: Expenditures per Accompanying Stateltent $ 94,578.35 Water Mains - Streetcar Right of Way 25.503.24 120,081.59 BALANCE - DECEMBER 31 1962 $ 99,701.17 SURPLUS - INVESTED IN FIXED ASSETS BALANCE - DECEIT:ER 31 1961 $683,335.51 ADDITIONS: Current Surplus $ 32,008.93 Special Assessments 37,486.73 Bond and Interest Payments 31,348.00 100,843.66 $784,179.17 DEDUCTIONS: Depreciation for the Year 28,421.11 BALANCE - DECEMBER1962 $755,758.06 V STRAND & ROE -34- EXHIBIT B-2 City of Hopkins Hopkins, Minnesota WATER UTILITY FUND STATEMENT OF REVENUES For the. Year Ended December 31 1962 Actual Estimated Over Description Revenue Revenue (Under) Service $131,586.63 Less: Transfer to Sewer Fund 19 740.36 $111,846.27 $106,250.00 $5,596.27 Other Income: Disconnecting Water Main $ 350.00 Insurance Claims and Refunds 96.61 Miscellaneous 66.74 513.35 700.00 (186. 65) Interest on Investments 1,704.50 1,000.00 704.50 Totals 1114,064.12 $107,950.00 $6,114.12 V STRAND & ROE -35- EXHIBIT B-3 City of Hopkins Hopkins, Minnesota WATER UTILITY FUND STATEMENT OF EXPENDITURES For the Year Ended December 31 1962 Expendi- Appro- (Over) Description tures priations Under ADMINISTRATIVE: Salaries: Regular $ 8,736.87 $ 10,250.00 $ 1,513.13 Vacation 858.22 900.00 41. 78 Holiday 638.94 850.00 211.06 Sick Leave 601.08 500.00 (101.08) Communications: Telephone 297.23 500.00 202. 77 Postage 250.54 300.00 49.46 Radio 206.30 150.00 (56.30) Tuition - 30.00 30.00 Equipment Maintenance 101.59 300.00 198.41 Vehicle Maintenance 130.88 500.00 369.12 Audit 700.00 700.00 - Office Supplies 332.67 500.00 167.33 Vehicle Gas and Oil 256.05 600.00 343.95 Insurance: Fire 624. 69 500.00 (124.69) Auto 186.04 250.00 63.96 Workmen's Compensation 500.00 600.00 100.00 Hospital 181.20 - (181.20) Subscriptions 25.75 20.00 (5. 75) Retirement Contribution 2,000.00 2,000.00 - General Fund Overhead 8,000.00 8,000.00 - Total Administrative $24,628.05 $ 27,450.00 $ 2,821.95 CAPITAL OUTLAY: File Cabinet $ 40.00 Metal Desk 45.00 Hot Plate 23.00 Remington Typewriter 30.00 Centrifugal Booster Pump 1,312.00 Generator 12V 107.40 Time Recorder (Portion of Cost) 88.00 Fluridators (3) 2,944.25 Hydraulic Cutter 375.00 $ 4,964. 65 $ 12,300.00 $ 7,335.35 V STRAND & ROE PUMPS AND WELLS: Salaries $ 5,078.61 $ 7,000.00 $ 1,921.39 Heat 2,538.89 3,300.00 761.11 Electricity 11,247.24 11,500.00 252. 76 Miscellaneous Supplies 117.55 100.00 (17.55) Maintenance Materials 881.32 1,500.00 618. 68 Chemic:1 Supplies 998. 75 3,250.00 2,251.25 Total Pumps and Wells $20,862.36 $ 26,650.00 $ 5,787.64 -36- EXHIBIT B-3 Page 2 City of Hopkins Hopkins, Minnesota WATER UTILITY FUND STATEMENT OF EXPENDITURES For the Year Ended December 31 1962 Expendi- Appro- (Over) cition tures priations Under DISTRIBUTION: Salaries $ 6,116,21 $ 7,000.00 $ 883. 79 Meter Inspection - Payroll 60.21 300.00 239. 79 Meter Reading - Payroll 1,798.41 2,200.00 401.59 Travel 65.78 50.00 (15.78) Miscellaneous Supplies 18.29 100.00 81. 71 Maintenance Supplies: Servicing Tower and Reservoir $1,495.00 Other 755. 68 2,250. 68 2,500.00 249.32 Hydrants: Fire Hydrants (3) $ 592.55 Other 236.80 829.35 1,000.00 170. 65 Meters: Meters for Residential $1,547.94 Meters for Commercial - Net 35.05 1,582.99 2,500.00 917.01 Total Distribution $12,721.92 $ 15,650.00 $ 2,928.08 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 4,228.00 4,250.00 22.00 Issue of 6-1-57 7,120.00 7,150.00 30.00 Fiscal Agent Charges 53.37 (53.37) Total Debt Retirement $31,401.37 $ 31,400.00 $ (1.37) Totals $94,578.35 $113,450.00 $18,871. 65 V STRAND & ROE ' -- -37- EXHIBIT B-4 City of Hopkins Hopkins, Minnesota W�U. UTTI4]Y 71-1.0D FIXDIASS83S AND,-DEIlECIATID0 As At December Allowance for De.reciatioo Balance Deprec. Balance Date Cost Rate 12-31-8I 1962 12~3I-62 I2-31-61 Land $ 4,725.20 12-31-81 Wells, Tanks, Mains, and Equipment $1,264,866'45 2% $179,694.85 Special Assessments 37,486.73 Current Surplus 25 503.24 12-31-62 Balance $1,327,856.42 $25,927.23 $205,623,08 12-31-61 Meters $ 7,846.33 10% 1,507.39 Current Surplus _ liI.{ i 12-31-62 Balance $ 9,387.37 861' 88 2,369.07 12-31-6I Office Equipment $ 1,577,10 10% 718,86 , Current Surplus 203.00 12~31-62 Balance $ 1,780.I0 167.86 886, 72 I2-31-81 Sundry Equipment $ 98. 75 10% 4.93 Current Surplus 4 761. 65 13-31-62 Balance $ 4,860.40 247.95 252.88 12-31-61 Vehicles� Power Digger (1/2) $ 2,539.03 18% 1,904'26 353'90 2,158.16 Chevrolet 969.09 25% 969'09 - 969.09 1959 Ford F-I00 (1/2) 737.47 20% 368. 73 147.49 516,22 Worthington Compressor (1/2) 1,899.00 20% 949,30 379. 60 1,328.90 1961 Ford F-250 2,147J00 20% 18I.00 435,40 616,40 P^ STRAND 12-31-62 Balance $ 8 $ 1,316.39 / 5,588. 77 SHOE Totals $I,356,901.08 ,$186,298,41 ¢28,421. 11 $214,719,52 , -38- EXHIBIT B-5 City of Hopkins Hopkins, Minnesota WATER UTILITY FUND REVENUE BONDS .._. -f- /•Z o As At December 31 .1962 J> t r., Water Water Revenue Revenue Total -' DATE OF ISSUE 6- 1-54 6- 1-57 MATURITY DATE x.96 June 1 June 1 3G0 c' ",7_7d -7/ INTEREST RATE 2,5/2.9/3.0 4.0/4.3/4.57 BONDS PAYABLE: 1963 $ 10,000.00 $ 10,000.00 $ 20,000.00 1964 10,000.00 10,000.00 20,000.00 1965 12,000,00 10,000.00 22,000.00 1966 12,000.00 10,000.00 22,000.00 1967 12,000.00 10,000.00 22,000.00 1968 12,000.00 10,000.00 22,000.00 1969 12,000.00 10,000.00 22,000.00 1970 13,000.00 10,000.00 23,000.00 1971 13,000.00 10,000.00 23,000.00 1972 13,000.00 10,000.00 23,000.00 1973 13,000.00 10,000.00 23,000.00 1974 13,000.00 10,000.00 23,000.00 1975 20,000.00 20,000.00 1976 20,000.00 20,000.00 Total Bonds Payable $145,000,00 $160,000.00 $305,000.00 FUTURE INTEREST: 1963 $ 3,978.00 $ 6,720.00 $ 10,698.00 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 STRAND 1975 1,350.00 1,350.00 & ROE 1976 450.00 450.00 Total Future Interest $ 26,403.50 $ 54,920.00 $ 81,323.50 -39- EXHIBIT B-6 City of Hopkins Hopkins, Minnesota WATER UTILITY FUND ACCRUAL OPERATING STATEMENT For the Year Ended December 31. 1962 OPERATING INCOME: Water Sales $131,586. 63 Less: Allocation to Sewer Utility 19,740.36 $111,846.27 Other Operating Receipts 416. 74 Operating Income $112,263.01 OPERATING EXPENSES: Salaries $ 23,888.55 Utilities: Heat 2,538.89 Electricity 11,247.24 Communications 754. 07 Vehicles and Equipment: Maintenance 232.47 Gasoline and Oil 256.05 Office Supplies and Expense 332. 67 Audit 700.00 Insurance 1 ,395.32 Trzvel 65. 78 Subscriptions 25. 75 Retirement Contribution 2,000.00 Overhead Chrges 8,000.00 Servicing Reservoir and Tanks 1,495.00 Maintenance and Supplies 2,648.36 Maintenance and Supplies - Mains and Hydrants 752.25 Meter Inspection 41.95 Depreciation 28,421.11 Total Operating Expenses 84,795.46 Net Operating Income $ 27,467.55' OTHER INCOME: Interest Earned 1 ,704.50 $ 29,172.05, OTHER DEDUCTIONS: STRAND & ROE Bond Interest $ 11,298.20 Bond Service Charges 53.37 11,351.57 Net Income for the Year $ 17,820.48 } 1 SEWER UTILITY FUND STRAND & ROE -40- EXHIBIT C City of Hopkins Hopkins, Minnesota SEWER UTILITY FUND 134ANCF, SHUT As At December 31 1962 ASSETS Treasurer's Cash $ 14,710.92 Deposit with Bond Retirement Fund 3,282. 60 Investments 80,000.00 Accounts Receivable 7,212.13 Due from Other Funds 5,050.00 Inventory 230.00 Fixed Assets: Pumps and Mains $1,196,153. 65 Equipment 1,027. 77 Vehicles 21 184.06 $1,218,365.48 Less: Allowance for Depreciation 256,879.37 961,486. 11 Total Assets 1,071,971. 76 LIABILITIES . RESERVES . AND SURPLUS Accounts Payable $ 7,814.54 Due City of Minneapolis 2,146.85 Bonds Payable 39,000.00 Interest Payable 1,755.00 Due to Bond Retirement Fund 85,411 20 Surplus - Current 100,524.26 Surplus - Invested in Fixed Assets 835,319.91 Total Liabilities, Reserves, and Surplus $1,071,971. 76 STRAND & ROE -41- EXHIBIT C-1 City of Hopkins Hopkins, Minnesota SEWER UTILITY FUND ANALYSIS OF CHANGES IN SURPLUS For the Year Ended December 31 1962 SURPLUS - CURRENT BALANCE - DECE: RER 31 1961 $ 98,385.32 ADDITIONS: Revenues per Accompanying Statement $113,234.34 Cash Difference on Vehicle Traded - 1961 50.00 Adjust Inventory 43.00 113 327.34 $211,712. 66 DEDUCTIONS: Expenditures per Accompanying Statement 111,188.40 BALANCE DECEMBER 31 1962 $100,524.26 SURPLUS - INVESTED IN FIXED ASSETS BALANCE - DECEMBER 31 1961 $759,455. 73 ADDITIONS: Special Assessments $ 75,980.36 Bond and Interest Payments 29,866.00 Deposit with Bond Retirement Fund 784.80 106,631.16 $866,086.89 DEDUCTIONS: Depreciation for the Year $ 30,716.98 Cash Difference on Vehicle Traded - 1961 50.00 30,766.98 BALANCE - DECEMBER 31 1962 1f335,319.91 10‘ STRAND & ROE -42- EXHIBIT C-2 City of Hopkins Hopkins, Minnesota SEWER UTILITY FUND STATEMENT OF REVENUES For the Year Ended December 31 1962 Actual Estimated Over Des aiRLi212 Revenue Revenue (1124j1.1) Service $ 86,729.38 $ 85 ,000.00 $1,729.38 Transfer from Water Utility 19,740.36 18,750.00 990.36 Connection Charges 2,836.00 2,000.00 836.00 Interest on Investments 1,654.80 800.00 854.80 Insurance Claim - Meadowbrook Lift Station 2,202.40 2,202.40 Insurance Refund 71.40 71.40 Totals $113,234.34 $106,550.00 $6,684.34 STRAND a ROE -43- EXHIBIT C-3 City of Hopkins Hopkins, Minnesota SEWER UTILITY FUND STATEMENT OF EXPENDITURES For-theYear Ended December 31 1962 Expendi- Appro- (Over) Dtauiptiontures priations Under. ADMINISTRATIVE: Salaries: Regular $ 7,043. 72 $ 8,700.00 $ 1,656.28 Vacation 1,148.53 800.00 (348.53) Holiday 513.61 600.00 86.39 Sick Leave 391, 71 400'00 8.29 Communication: Telephone 57,92 100.00 42.08 Postage 273'83 350.08 76.17 Radio Contract 131-30 150,00 18. 70 Maintenance of Equipment 329'51 50,00 (279. 51) Maintenance of Vehicles 112. 73 400'00 287.27 Audit 700.00 700'00 - Office Supplies 264. 67 400.00 135.33 Gasoline and Oil 411.44 600.00 188.56 Miscellaneous Supplies 17.04 280'00 282.96 Insurnce: Fire 395'10 325'00 (70'10) Auto 92.95 100.00 7.05 Workmen's Compensation 608,00 700.00 100.00 Hospitalization 189.35 - (189.35) 25.00OO Subscriptions - 25.00 Retirement Contribution 1,200,00 1,200.00 - General Fund Overhead 7,000.00 7,000.80 - Total Administrative $ 30,873.41 $22,900'00 $ 2,026.59 LIFT STATIONS: Salaries $ 8,475.35 $ 8,000.00 $ (475.35) Heat 354.85 480'00 45.15 Electricity 5,883.91 5,500.00 (283'91) Maintenance of Equipment 2,191' 70 1,500.00 (69I' 70) Miscellaneous Supplies 42. 65 100.00 57.35 Maintenance Material 535.37 300.00 (235.37) ' 00 900 Chemical Supplies ____ - 900.00 Total Lift Stations $ 17,482.83 $16,700,00 $ (783.83) 1/= STRAND MAINTENANCE ANDI�I��OS�� anos $$ 3,252.39 2 580 00 (7�2 Salaries , $ 39\, _ ' Inspection Payroll 155.28 380.00 144. 72 \ Service Disposal Charges 14,854.89 20,000,00 5,145.11 Maintenance and Repair: Break - 9/10th Ave. on Exc. $3,991,92 Break - 8/9th Ave. on Exc. 2,362.18 Other 6,886.22 800.00 (6,086.22) ----------/ Sewer Cleaning 17 771.144 . (l3771l4)` ' Total Maintenance and Disposal $ 42,919,92 $27,600,00 ($15,319.92) -44- EXHIBIT C-3 Page 2 City of Hopkins Hopkins, Minnesota SEWER UTILITY FUND STATEMENT OF EXPENDITURES For the Year Ended December 31 , 1962 Expendi- Appro- (Over) Description tures priations Under 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 1,170.00 1,400.00 230.00 Issue of 9-1-58 (Debt Retirement Fund) 2,696.00 2,700.00 4.00 Fiscal Agent Charges 45.24 - (45.24) Total Bond Retirement L/2,111.24 $30,100.00 $ 188. 76 Totals $111,188.40 $97,300.00 (113,888.40) STRAND & ROE -45- EXHIBIT C-4 City of Hopkins Hopkins, Minnesota SEWER UTILITY FUND FIXED ASSETS AND DEPRECIATION As At December 31 1962 Allowance for Depreciation Balance Deprec. Balance Date Description Cost Rate 12-31-61 1962 12-31-62 12-31-61 Pumps, Mains, etc. $1,120,173.29 21/2% $209,576.38 Special Assessments 75 980.36 12-31-62 Balance $1,196,153.65 $28,954.08 $238,530.46 12-31-61 Office Equipment $ 1,027. 77 10% 434.55 12-31-62 1,027. 77 102. 78 537.33 12-31-61 Vehicles and Equipment: Power Digger (1/2) $ 2,470.03 10% 1,852.51 247.00 2,099.51 Chevrolet - 1/2 Ton 1,298.00 257 1,298.00 - 1,298.00 1952 Chev. - 3/4 Ton 495.00 445.00 - 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 3,482.50 397.50 3,880.00 Electric Motor 473.00 413.87 59.13 473.00 1959 Ford F-100 (1/2) 737.48 20% 368. 73 147.49 516.22 Worthington Compressor (1/2) 1,898.00 949.30 379. 60 1,328.90 1961 Ford F-250 2,147.00 181.00 429.40 610.40 12-31-62 Balance $ 21,184.06 $ 16,151.46 $ 1,660.12 $ 17,811.58 Totals $1,218,365.48 $226,162.39 $30,716.98 $256,879.37 li STRAND & ROE 1 , 1 -46- EXHIBIT C-5 1 City of Hopkins Hopkins, Minnesota SEWER UTILITY FUND REVENUE BONDS As At December 31, 1962 Bonds Interest Total DATE OF ISSUE: 12- 1-45 MATURITY DATE: December 1 INTEREST RATE° 2.257 ✓ PAYABLE: 1963 $13,000.00 $ 877.50 $13,877.50 1964 13,000,00 585.00 13,585.00 2 2.50 13 292.50 1965 13 000.00 9 Totals $39,000.00 $1,755.00 $40,755.00 V STRAND & ROE -47- EXHIBIT C-6 City of Hopkins Hopkins, Minnesota SEWER UTILITY FUND ACCRUED OPERATING STATEMENT For the Year Ended December 31 1962 OPERATING INCOME: Sewerage Disposal Charges $86,729.38 Allocation from Water Utility 19,740.36 Connection Charges 2836.0O Total Operating Income $109,305. 74 OPERATING EXPENSE : Salaries $20,980.59 Utilities: Heat 354.85 Light and Power 5,883.91 Communications 463.05 Vehicles and Equipment: Maintenance 963. 66 Gasoline and Oil 411.44 Office Supplies and Expense 264. 67 Audit 700.00 Insurance 1,206.00 Retirement Contribution 1,200.00 Sewerage Disposal Charges 14,854. 89 Maintenance and Supplies 552.06 Overhe..d Charge 7,000.00 Depreciation 30,716.98 Total Operating Expenses 85,552.10 Net Operating Income $ 23,753. 64 OTHER INCOME: Interest Income 1,654 80 $ 25,408.44 OTHER DEDUCTIONS: Interest Expense $ 4,303.29 Bank Service Charges 45.24 Sewer Breaks 6,354.10 STRAND Sewer Cleaning 17,771.14 28,473. 77 & ROE Net Loss for the Year $ (3,065.33) 1 PERMANENT IMPROVEMENT REVOLVING FUND V STRAND & ROE 1 i L.- -48- EXHIBIT D City of Hopkins Hopkins, Minnesota 1 PERMANENT IMPROVEMENT REVOLVING FUND BALANCE SHEET As At December 31 1962 ASSETS Investments $ 60,000.00 Assessments Receivable 871,658.60 To Be Assessed 336,720.14 Accounts Receivable 139.89 Accrued Interest Receivable 350.00 Work In Process 331 ,669.54 Total Assets $1,600,538.17 LIABILITIES . RESERVES AND SURPLUS Treasurer's Cash (Deficit) $ 33,081.13 Contracts Payable 2,532.35 Projects Authorized 336,720.14 Fund Balance 830,000.00 Surplus - Unappropriated 398,204.55 Total Liabilities, Reserves, and Surplus $1,600,538.17 1,4° STRAND & ROE L. -49- EXHIBIT D-1 City of Hopkins Hopkins, Minnesota PERMANENT IMPROVEMENT REVOLVING FUND ANALYSIS OF CHANGES IN SURPLUS BALANCE - DECEMBER 31, 1961 $317,652.30 ADDITIONS: Revenues per Accompanying St;..tement $138,586.99 Interest on Current Year Assessments 81 ,348.11 219,935.10 $537,587.40 DEDUCTIONS: Applied to Assessments Receivable $135 ,811.27 County Auditor Fees 165.20 Loss of Interest on Prepayments 3,406.38 139,382.85 BALANCE - DECEMBER31 1962 $398,204.55 fr'r STRAND & ROE -50- EXHIBIT D-2 City of Hopkins Hopkins, Minnesota PERMANENT IMPROVEMENT REVOLVING FUND STATEMENT OF REVENUES For the Year Ended December 31, 1962 Actual Description Revenue Tax Settlements $125,155.12 Collections by City 10,656.15 Interest on Investments 2,775. 72 Total Revenues $138,586.99 STRAND & ROE - - -51- EXHIBIT D-3 City of Hopkins Hopkins, Minnesota PERMANENT IMPROVEMENT REVOLVING FUND ASSESSMENTS RECEIVABLE As At December 31, 1962 BALANCE - DECEMBER 31, 1961 $ 753,607.13 ADD: Assessments Completed 257,894.86 $1,011,501.99 DEDUCT: County Collections $125,155.12 City Collections 10,657.15 Assessments Cancelled 503.12 Interest Cancelled by Prepayment 3,179.09 Cancellation of Assessments on City Owned Property 348.91 139,843.39 BALANCE - DECEMBER 31, 1962 $ 871,658.60 V STRAND & ROE I I -52- City of Hopkins Hopkins, Minnesota PERMANENT IMPROVEMENT REVOLVING FUND CONSTRUCTION COSTS For the Year Ended December 31, 1962 Construction Payments Administra- Project In Progress Current tive Location Number 12-31-61 Year Overhead BLACKTOP: West Excelsior Ave. 606 $ 438. 69 $ 652. 77 $ 28.84 Campbell Third 908 134.93 21st Ave. No. 008 2,963.07 271.38 (125.35) 1st Street No. 009 328.92 151.60 208. 79 Jackson Ave. No. 012 4,041.57 494. 75 74.21 Boyce Avenue 018 3,001.19 289.38 43.42 Goodrich Avenue 019 6,156.81 587.44 88.12 Oakwood Avenue 020 4,005. 68 291.20 43. 68 Holly Road 021 5,894.54 614.18 92.14 Ashley Road 022 8,921.04 805.11 120. 77 9th Ave. No. - 1st to Excelsior 028 - 9th Ave. So. - P. 0. to Excelsior 031 - Alley Block 2 - W. Mpls. 033 896.06 196.00 29.40 Alley Block 107 - W. Mpls. II 045 - 788.33 118.20 Alley Block 65 - W. Mpls. II 050 - 830.93 124.64 3rd Street No. 102 1,685. 74 St. Louis Street 103B 4,562.36 373.38 56.00 Alley - 17th to 18th 124 670.34 100.55 Monroe - 1st to 2nd 127 290.02 574.12 129. 62 3rd Street So. - Wash. to 5th St. 129 6,141.94 640.05 96.01 1st Ave. and 1st Street No. 131 2,468.21 Drillane 133 1,016.92 933.17 50.00 Burnes Drive 201 - 2,394.35 359.15 Alley-Exc. to 1st - 19th to 20th 209 - 437.42 65. 61 Alley-12 N. to 13 N. 3rd to R.R. 217 - 731. 77 109. 76 Alley-6 S. to 7 S. (N. of 2nd) 219 - 478.02 71. 70 Cottage Downs & Valley Way 224 - 7th South 229 - Alley Jackson & Monroe 230 - 112. 70 16.90 PAVING - RECONSTRUCTION: Excelsior Avenue 701 1,645. 78 CURB: Lot 27, Block 1, W. Mpls. 823 170.43 10th Ave. - City Drug (Howell) 223 - 1,582.01 237.30 310 - 2nd No. 226 - 89.90 13.48 7th Street So. 228 - 872.11 130.81 SIDEWALKS: West Side 14th - 3rd to 4th 126 1,961. 64 I, 30 - 8th Avec So. 135 458.47 I Various 205 - 4,630.97 694. 65 Blake Clinic 216 - 368.00 55.20 213 - 11th No. & 32 - 10th So. 225 - 470.45 70.56 Suburban Chevrolet 231 - 4,435. 63 665.34 9th So. and 1st 233 1,131.81 169. 77 -- -52- -52- EXHIBIT D-4 Eliminated InterestAssessed Construction Projects or .nd s Property City In Progress Authorized Transferred Fee Charges Total Owners Share 12-31-62 12-31-62 $ $ 220.94 $ 1,341.24 $ 1,341.24 $ $ $ (134.93) - (1,107.00) 470. 61 2,472. 71 1,069.82 1,402.89 1 ,107.00 - 1,796.31 1,796.31 904.48 5,515.01 5,515.01 90.69 3,424. 68 3,424. 68 119. 72 6,952.09 6,952.09 (894.34) 3,446.22 3,446.22 667.69 7,268.55 7,268.55 16.24 10,751.25 20,614.41 20,614.41 - 6,440.00 - 3,376.00 .10 224.40 1 ,345. 96 1,345.96 906.53 906.53 784.43 955.57 955.57 1,104.00 (1,685.74) - 974.82 5,966.57 5,966.57 770.89 770.89 1,603.00 993. 76 993. 76 5,216.00 1,341. 72 8,219. 72 8,219. 72 293.47 2,761. 68 1,786.94 974. 74 2,000.09 2,000.09 1,397.00 2,753.50 2,753.50 2,763.00 503.03 503.03 516.98 841.53 841.53 1,243. 69 549. 72 549. 72 632.50 - - 2,949. 75 - - 1,884.00 129. 60 129. 60 1 ,380.00 1,645. 78 1,645. 78 - 33.49 203.92 203.92 V 1,819.31 1,819.31 1,068.35 STRAND 103.38 103.38 141.00 & ROE 1,002.92 1,002.92 973.92 382.45 2,344.09 2,344.09 89.67 548.14 548.14 5,325.62 5,325.62 5,764.40 423.20 423.20 423.20 1 541.01 541.01 480.64 5,100.97 5 ,100.97 4,596.16 1,301.58 1,301.58 832.48 -53- City of Hopkins Hopkins, Minnesota PERMANENT IMPROVEMENT REVOLVING FUND CONSTRUCTION COSTS For the Year Ended December 31, 1962 Construction Payments Administra- Project In Progress Current tive Location Number 12-3I-61 Year Overhead WATER: Monroe Ave. No, 014 $ 116.01 $ $ Hiawatha Ave. 041 4,509.21 187.07 28.06 Jackson No. 047 2,527.07 Monroe Ave, No. - No. of 2nd 057 5,087,01 Burnes Drive 059 5,246. 75 Ashley Road 106 4,102.56 Holly Road 107 4,428,93 Hiawatha Ave, 109 8,418,00 187,07 28'06 lltb &ve, So. 111 - 216.38 7th St. So. I13 - 40.20 5th St. So. 117 - 12-I3-I4 Ave. So. 119 - Drillane 132A - Monroe No. 211 - 2,322.11 348.32 SEWER: Block 5, West Mplo, III 814 - Drillane 906 38,689'05 (429. 75) Monroe No. 015 - Hiawatha Ave. 040 10,62I,42 187,08 534.22 Jackson Ave. No. 048 2,218,56 Monroe Ave. No. - No. of 2nd 058 5,118.31 Burnes Drive 060 6,888'80 Hiawatha Ave. 108 12,672.42 187.08 28.06 lltb Ave. So. 110 - 252,942. 62 28,410, 67 7th St. So. 112 - 3,446.04 5th St. So. 116 - 2,423.58 12-13-14 Ave. So. 118 - Drillane 132S 2,002.04 Monroe No. 210 - 2,323.07 348.46 INSTALLING STREETS: 7th St. So. 003A 383,40 457.20 68.18 ! 14th Ave. So. 003B - 178'30 26. 74 5th St. So. 105 5,119.07 Alice Smith - Church 203 - 2,843.88 426.58 No, of R.R. - 15th to 16t6 No. 213 - 1,024'88 -53- EXHIBIT D-4 Page 2 Eliminated Interest Assessed Construction Projects or and Property City In Progress Authorized Transferred Fee Charges Total Owners Share 12-31-62 12-31-62 $ $ $ 116.01 $ $ $ 116.01 $ 4,610.00 8,633.13 9,785.50 25,229.45 25,229.45 2,086.48 (215.58) 723.90 2,807.82 2,807.82 (227.57) (541.80) 1,572.06 6,117.27 6,117.27 215.58 3,341.61 8,509.23 8,509.23 (294. 71) 1,422.39 5,524.95 5,524.95 1,534. 61 5,963.54 5,963.54 (8,633.13) - - 216.38 216.38 66,610.00 40.20 40.20 15,014.49 30,699.94 18,500.00 1,714.54 591.62 2,306.16 2,306.16 2,670.43 2,670.43 5,187.00 287.50 23,050.73 61,597.53 58,732,55 2,864.98 6,095.00 12,887.57 14,307.65 36,451.46 36,451.46 (2,086.48) 227.57 850.06 3,296.19 3,296.19 541.80 1,956.71 7,616.82 7,616.82 294. 71 4,603.56 11,787.07 11,787.07 (12,887.57) - - 279,353.29 279,353.29 38,000.00 3,446.04 3,446.04 14,800.06 2,423.58 2,423.58 42,300.01 21,510.45 (1,714.54) - (287.50) V 2,671.53 2,671.53 5,521.00 STRAND & ROE 908. 78 908. 78 1,942.00 205.04 205.04 392.00 (2,000,00) 3,119.07 3,119.07 2,760.00 3,270.46 3,270.46 9,233.00 1,024.08 1,024.08 2,907.20 -54- City of Hopkins Hopkins, Minnesota PERMANENT IMPROVEMENT REVOLVING FUND CONSTRUCTION COSTS For the Year Ended December 31, 1962 Construction Payments Administra- Project In Progress Current tive Location Number 12-31-61 Year Overhead DRIVEWAYS: 38 Jackson Ave. So. 136 $ 103.32 $ $ 228 - 13th Ave. 138 74.42 307 - 5th 227 - 97.29 14.59 125 to 201 - 7th So. 234 - 276.87 41.53 335 - 17th No. 235 - 195. 76 29.36 Swly. of 6th Ave. So. & 7th 237 - 101.56 15.23 725 - 8th Ave. So. 238 - 83.47 12.52 CURB AND GUTTER: Campbell - Third 907 65.80 3rd St. - 5th to Alley 101.2 405.51 3rd St. - 8th to 9th 101.3 742.41 3rd St. - So. 8th to 9th 101.4 792.19 3rd St. - No. 9th to 10th 101.5 605.22 3rd St. - So. 9th to 10th 101. 6 725.35 3rd St. - No. 10th to 11th 101. 7 747.97 3rd St. - No. 11th to 12th 101.8 607.52 3rd St. - So. 11th to 12th 101.9 611.36 1st St. No. 011 - 2nd St. and 3rd St. No. 134.1 576.97 (91.80) (13. 77) 2nd St. and 3rd St. No. 134.2 725.40 2nd St. and 3rd St. No. 134.3 85.85 2nd St. and 3rd St. No. 134.4 1,404. 62 7th St. So. 214 - 4,184.54 627. 68 No Side 2nd St. No. 222 - 431.23 64. 68 Miscellaneous 232 - 6.13 Totals $183,606.54 $301,150.08 $32,548.69 -54- EXHIBIT D-4 Page 3 Eliminated Interest Assessed Construction Projects or and Property City In Progress Authorized Transferred Fee Charges Total Owners Share 12-31-62 12-31-62 $ $ 20.38 $ 123. 70 $ 123.70 $ $ $ 14. 76 89.18 89.18 111.88 111.88 103.50 318.40 318.40 248.28 225.12 225.12 138.40 116. 79 116.79 138.46 95.99 95.99 128.80 (65.80) - 86. 68 - 492.19 492.19 154.83 - 897.24 897.24 163.40 - 955.59 955.59 136,31 - 741.53 741.53 145.46 - 870.81 870.81 141.51 - 889.48 889.48 136.84 - 744.36 744.36 136.94 - 748.30 748.30 94.88 ( 566.28 566.28 163.15 ( 888.55 888.55 19.34 ( 105.19 105.19 306.40 1,885.26 ( 3,596.28 3,596.28 4,812.22 4,812.22 3,931. 70 495.91 495.91 378.35 6.13 6.13 - 200.63) $81,348.11 $596,452. 79 $257,894.86 $6,888.39 $331,669.54 $336,720.14 V STRAND & ROE ---- --- ---- - ---- SPECIAL ASSESSMENT FUND *~ STRAND & ROE •' -------------- ---------------------- -�-- '--''� -'------ --------- --- --� --- -55- EXHIBIT E City of Hopkins Hopkins, Minnesota SPECIAL ASSESSMENT FUND BALANCE SHEET As At December 31, 1962 ASSETS Treasurer's Cash $ 5,607.47 Funds in Hands of Fiscal Agents 48,898.00 Investments 105,000.00 Assessments Receivable 153,947. 78 Accrued Interest Receivable 1,115. 62 Total Assets $314,568.87 LIABILITIES, RESERVES , AND SURPLUS Matured Bonds and Interest $ 48,898.00 Due to Other Funds 5,000.00 Bonds Payable 107,000.00 Interest Payable 7,147.00 Surplus - Unappropriated 146,523.87 Total Liabilities, Reserves, and Surplus $314,568.87 STRAND & ROE -56- EXHIBIT E-1 City of Hopkins Hopkins, Minnesota SPECIAL ASSESSMENT FUND ANALYSIS OF CHANGES IN SURPLUS For the Year Ended December 31, 1962 BALANCE - DECEMBER 31 1961 $143,540.68 ADDITIONS: Revenues per Accompanying Statement $55,251.59 Payment on Fund Loan 1,250.00 Payment on Bonds 62,030.00 118,531.59 $262,072.27 DEDUCTIONS: Expenditures per Accompanying Statement $63,460.50 Applied to Assessments Receivable 51,439.82 Interest Cancelled on Prepayment 648.08 115,548.40 BALANCE - DECEMBER 31. 1962 $146,523.87 STRAND & ROE i I -57- EXHIBIT E-2 City of Hopkins Hopkins, Minnesota SPECIAL ASSESSMENT FUND OPERATING STATEMENT For the Year Ended December 31 1962 STATEMENT OF REVENUES Actual Description Revenues Tax Collections $49,057.48 Direct Collections by the City 2,382.34 Interest on Investments 3,811.77 Total Revenues $55,251.59 STATEMENT OF EXPENDITURES Description Expenditures Water Bonds (1947) Principal $ 2,000.00 Interest 168.00 Improvement Bonds (1952) Principal 11,000.00 Interest 330.00 Improvement Bonds (1953) Principal 25,000.00 Interest 1,512.00 Improvement Bonds (1954) Principal 20,000.00 Interest 2,020.00 Due to Sewer Fund 1,250.00 Fiscal Agent Charges 92.50 County Auditor Charges 88.00 Total Expenditures $63,460.50 V STRAND & ROE -58- EXHIBIT E-3 I � City of Hopkins Hopkins, Minnesota SPECIAL ASSESSMENT FUND ASSESSMENTS RECEIVABLE As At December 31, 1962 BALANCE - DECEMBER 31, 1961 $206,035.68 DEDUCTIONS: County Collections $49,057.48 City Collections 2,382.34 Interest Cancelled on Prepayment 648.08 52,087.90 BALANCE - DECEMBER 31, 1962 $153,947.78 V STRAND & ROE BOND RETIREMENT FUND V STRAND & ROE I I -59- EXHIBIT E-4 City of Hopkins Hopkins, Minnesota SPECIAL ASSESSMENT FUND BOND MATURITIES As At December 31, 1962 Water Improvement Bonds Total DATE OF ISSUE 11- 1-47 12- 1-52 5- 1-53 6- 1-54 MATURITY DATE Jan. 1 Feb. 1 Dec. 1 Dec. 1 INTEREST RATE 1.8/2.4% 2% 2. 7% 2.4/2.8% BONDS PAYABLE: 1963 (a) $11,000.00 $31,000.00 $20,000.00 $ 62,000.00 1964 $1,000.00 20,000.00 21 ,000.00 1965 1,000.00 2,000.00 3,000.00 1966 1,000.00 2,000.00 3,000.00 1967 1,000.00 2,000.00 3,000.00 1968 1,000.00 2,000.00 3,000.00 1969 2,000.00 2,000.00 1970 2,000.00 2,000.00 1971 2,000.00 2,000.00 1972 2,000.00 2,000.00 1973 2,000.00 2,000.00 1974 2,000.00 2,000.00 I Total Bonds Payable $5,000.00 $11,000.00 $31 ,000.00 $60,000.00 $107,000.00 FUTURE INTEREST: 1963 $(a) 60.00 $ 110.00 $ 837.00 $ 1,540.00 $ 2,547.00 1964 108.00 1,060.00 1,168.00 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 t/ Total Future Interest $ 360.00 $ 110.00 $ 837.00 $ 5,840.00 $ 7,147.00 STRAND Note: (a) Payment due January 1, 1963, remitted to fiscal agent in November, 1962. -60- EXHIBIT F City of Hopkins Hopkins, Minnesota BOND RETIREMENT FUND BALANCE SHEET As At December 31, 1962 ASSETS Treasurer's Cash $ 19,326.35 Funds in Hands of Fiscal Agents 11,339.00 Investments 60,000.00 Accrued Interest Receivable 131.25 Current Tax Levy 80,547.00 Future Tax Levies 222,678.00 Due from Other Funds 85,411.20 Total Assets $479,432.80 LIABILITIES , RESERVES , AND SURPLUS Matured Bonds and Interest $ 11,339.00 Bonds Payable 370,500.00 Interest Payable 36,974.00 Reserve for Sewer Utility Fund Bond Issue 3,282.60 44,I9.� Reserve for Uncollectible Taxes 20,507.20 Surplus - Unappropriated 36,830.00 Total Liabilities, Reserves, and Surplus $479,432.80 V' STRAND & ROE -61- EXHIBIT F-1 City of Hopkins Hopkins, Minnesota BOND RETIREMENT FUND ANALYSIS OF CHANGES IN SURPLUS For the Year Ended December 31, 1962 BALANCE - DECEMBER 31, 1961 $ 31,832.86 ADDITIONS: Revenues per Accompanying Statement $109,383.08 Use of Current Funds Reduced - Bond Requirement 4,435.00 113,818.08 $145,650.94 DEDUCTIONS: Expenditures per Accompanying Statement 108,820.94 BALANCE - DECEMBER 31, 1962 $ 36,830.00 STRAND & ROE J 1 -62- EXHIBIT F-2 City of Hopkins Hopkins, Minnesota BOND RETIREMENT FUND OPERATING STATEMENTS For the Year Ended December 31, 1962 STATEMENT OF REVENUES Actual Estimated Over Description Revenue Revenue (Under Tax Settlements $ 92,040.66 $92,736.00 $ (695.34) Sewer Utility Fund - Principal and Interest (1958) 15,696.00 15,696.00 Interest Earned on Investments 1,646.42 1,646.42 Total Revenues $109,383.08 $92,736.00 $16,647.08 STATEMENT OF EXPENDITURES Actual Appro- (Over) Description Expenditures priations Under Water Bonds (1945) Principal $ 2,500.00 $ 2,500.00 $ - Interest 120.00 286.00 166.00 Fire Equipment (1952) Principal 4,000.00 (4,000.00) Interest 42.00 (42.00) Storm Sewer (1953) Principal 20,000.00 20,000.00 - Interest 1,400.00 1,250.00 (150.00) Permanent Improvement (1952) Principal 10,000.00 10,000.00 - Interest 300.00 800.00 500.00 Permanent Improvement (1955) Principal 25,000.00 25,000.00 - Interest 3,750.00 5,300.00 1,550.00 Permanent Improvement (1957) Principal 20,000.00 20,000.00 - Interest 5,870.00 7,600.00 1,730.00 Sewer Utility Revenue (1958) Principal 13,000.00 (13,000.00) Interest 2,696.00 (2,696.00) Fiscal Agent Charges 142.94 (142.94) Total Expenditures $108,820.94 $92,736.00 ($16,084.94) STRAND & ROE -63- City of Hopkins Hopkins, Minnesota BOND RETIREMENT FUND GENERAL OBLIGATION BONDS As At December 31, 1962 Perma DATE OF ISSUE 12- 1-52 MATURITY DATE Feb. 1 INTEREST RATE 2% BONDS PAYABLE: 1963 $10,000.00 1964 1965 1966 1967 1968 1969 Total Bonds Payable $10,000.00 FUTURE INTEREST: 1963 $ 100.00 1964 1965 1966 1967 1968 1969 Total Future Interest $ 100.00 RESERVE FOR UNCOLLECTIBLE TAXES: 1963 $ - 1964 1965 1966 1967 1968 Total Reserve for Uncollectible Taxes $ - Total Bonds, Interest, and Reserve $10,100.00 FUNDS PROVIDED BY: Levies Collectible In 1963 $ - 1964 1965 1966 1967 1968 1969 Total Levies $TO BE OBTAINED FROM CURRENT._.FUNDS 10,100.00 Totals as Above $10,100.00 Note: (a) Payment due January 1, 1963, remitted to fiscal agent in November, 1962. L__ -63- EXHIBIT F-3 neat Im.rovement Revolvin: Fund Water Storm Total Bonds Sewer Total 12- 1-55 6- 1-57 3- 1-45 9- 1-53 vG 4 20 Dec. 1 June 1 Jan. 1 Mar. 1 3% 3.7/4.1% 1.2%v 2.8% <, /,'_rQ $ 25,000.00 $ 20,000.00 $ 55,000.00 (a) $20,000.00 $ 75,000.00 25,000.00 20,000.00 45,000.00 $2,500.00 20,000.00 67,500.00 25,000.00 20,000.00 45,000.00 2,500.00 47,500.00 25,000.00 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 $100,000.00 $140,000.00 $250,000.00*1 $7,500.00 $40,000.00 $297,500.00 $ 3,000.00 $ 5,130.00 $ 8,230.00 $(a)45,00 ' $ 840.00 $ 9,115.00 2,250.00 4,390.00 6,640.00 75.00' 280.00 6,995.00 1,500.00 3,650.00 5,150.00 45.005- 5,195.00 750.00 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 $ 7,500.00 $ 19,730.00 $ 27,330.00 $ 180.00 $ 1,120.00 $ 28,630.00 $ 1,400.00 $ 1,670.00 $ 3,070.00 $ 142.00 $ 760.00 $ 3,972.00 1,450.00 1,610.00 3,060.00 133.00 3,193.00 1,400.00 1,650.00 3,050.00 125.00 3,175.00 1,350.00 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 $ 5,600.00 $ 9,680.00 115,280.00 $ 400.00 $ 760.00 $ 16,440.00 $113,100.00 $169,410.00 $292,610.00 $8,080.00 $41,880.00 $342,570.00 STRAND $ 29,400.00 $ 26,800.00 $ 56,200.00 $2,747.00 $21,600.00 $ 80,547.00 & ROE 28,700.00 26,000.00 54,700.00 2,708.00 57,408.00 27,900.00 25,300.00 53,200.00 2,670.00 55,870.00 27,100.00 24,500.00 51,600.00 51,600.00 23,600.00 23,600.00 23,600.00 22,800.00 22,800.00 22,800.00 11,400.00 11,400.00 11,400.00 $113,100.00 $160,400.00 $273,500.00 $8,125.00 $21,600.00 $303,225.00 - 9,010.00 19,110.00 (45.00) 20,280.00 39,345.00 $113,100.00 $169,410.00 $292,610.00 $8,080.00 $41,880.00 $342,570.00 -64- EXHIBIT F-4 City of Hopkins Hopkins, Minnesota BOND RETIREMENT FUND REVENUE BONDS - BOND AND INTEREST SUMMARY As At December 31, 1962 SEWER UTILITY REVENUE BONDS DATE OF ISSUE: 9- 1-58 MATURITY DATE: Dec. 1 INTEREST RATE: 2.5/3.47 Bonds Future Year Payable Interest Reserve(a) Total 1963 $13,000.00 $2,332.00 $ 766. 60 $16,098. 60 1964 12,000.00 1,968.00 698.40 14,666.40 1965 12,000.00 1,596.00 679.80 14,275.80 1966 12,000.00 1,224.00 661.20 13,885.20 1967 12,000.00 816.00 640.80 13,456.80 1968 12,000.00 408.00 620.40 13,028.40 Totals $73,000.00 $8,344.00 $4,067.20 $85,411.20 (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) $297,500.00 $28,630.00 $16,440.00 $342,570.00 Revenue Issue (Above) 73,000.00 8,344.00 4,067.20 85,411.20 Totals $370,500.00 $36,974.00 $20,507.20 $427,981.20 TAX LEVIES vo Certified to County Auditor $303,225.00 STRAND & ROE Less: Due on Current Collections 80,547.00 Collections - Future Years $222,678.00 CAPITAL FUND STRAND & ROE -65- EXHIBIT G City of Hopkins Hopkins, Minnesota CAPITAL FUND BALANCE SHEET As At December 31, 1962 ASSETS Land $ 403,041.59 Buildings 160,732.85 Vehicles $266,427. 79 Less: Allowance for Depreciation 182. 66 266,245.13 Equipment $206,715.59 Less: Allowance for Depreciation 3,509. 73 203,205.86 Other Improvements 1,981,075.96 Total Assets $3,014,301.39 LIABILITIES AND SURPLUS Surplus - Invested in Fixed Assets $3,014,301.39 Total Liabilities and Surplus $3,014,301.39 STRAND & ROE -66- EXHIBIT G-1 City of Hopkins Hopkins, Minnesota CAPITAL FUND ANALYSIS OF CHANGES IN SURPLUS For the Year Ended December 31 1962 BALANCE - DECEMBER 31 1961 $2,790,671.23 ADDITIONS: Surplus - Unappropriated: General Office: Tables (2) $ 94.95 A. B. Dick Photo Copy Machine 321.85 Police: Chair 63.95 Typewriter Stand 18.50 Fire: 1963 Pirsch Pumper 27,940.00 Civil Defense: File Cabinet 40.00 Chairs (33) 106.50 Folding Table 42.20 Wardrobe Cabinet 56.48 Two-Way Mobile Radio 723.00 Uniforms 554.43 Engineering: 1962 Falcon Bus 1,950.00 Flasher Light 26. 63 Street: Storm Sewer Culverts 11,899.20 File Cabinet 40.00 Water Fountain 193.34 Shop Tools 840. 70 Arm Chairs (2) 98.00 Cub Tractor 1,650.00 Generator 1,500 W. 91.00 Simplex Time Recorder (1/2) 185.50 Flasher Light 52.50 Tractor Shovel Loader 23,271.97 Street Signs 1,289.96 Parks: Public Address System 282.94 Tractor Accessories 202.37 Lawn Mowers (2) 200.00 Oil Burner 123.50 Bicycle Stands 98.65 vo Gravely Sno-Blower 197.17 STRAND & ROE Hockey Boards 2,458.19 Bleachers 172.60 Baseball Backstops (2) 875.00 Playground Equipment 2,115.32 Land 1,500.00 Sundry: Fairgrounds Property 90,000.00 Sanitary Sewer 1,645. 78 $171,422.18 -67- EXHIBIT G-1 Page 2 City of Hopkins Hopkins, Minnesota CAPITAL FUND ANALYSIS OF CHANGES IN SURPLUS For the Year Ended December 31 1962. Balance (Brought Forward) $2,790,671.23 ADDITIONS: (Continued) Surplus - Unrppropriated (Brought Forward) $171,422.18 Special Assessments: Blacktop $54,968.71 Paving 1,645. 78 Curb, Gutter, and Sidewalk 12,201.08 Driveways 177. 74 68,993.31 Eliminate Depreciation on Vehicle Traded 1,343.01 241,758.50 $3,032,429. 73 DEDUCTIONS: Sales: Thermo Fax Machine $ 318.50 Tire Shed 565.98 Safe - $ 884.48 Traded: 1950 Chevrolet $ 1,343.01 1958 Hough Payloader 15,466.00 16,809.01 Depreciation for the Year - Engineering 434.85 18,128.34 BALANCE - DECEMBER 31 1962 $3,014,301.39 V STRAND & ROE -68- EXHIBIT G-2 City of Hopkins Hopkins, Minnesota CAPITAL ASSETS As At December 31 1962 Balance Elimi- Balance atELIP-11-°11 12-31-61 Additions nations 12-31-62 LAND: City Hall Site $ 23,000.00 $ $ $ 23,000.00 Garage, 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 121,009.58 1,500.00 122,509.58 Right of Ways 75,410.03 75,410.03 Fairgrounds Drainage System 4,166.78 4,166. 78 Fairgrounds L.vnd - . 81 000.00 81,000.00 Total Land $ 320,541.59 $ 82,500.00 $ $ 403,041.59 BUILDINGS: City Hall, Fire Dept. , and Jail $ 73,000.00 $ $ $ 73,000.00 Library 19,000.00 19,000.00 Shop and Warehouse 21,300.00 21 ,300.00 Garages (2) 21,413.26 21,413.26 Parks and Playgrounds 17,019.59 17,019.59 Heavy Equipment Shed 565.98 565.98 - Fairgrounds - #1 2,000.00 2,000.00 #2 4,000.00 4,000.00 #3 1,000.00 1,000.00 #4 2,000.00 2,000.00 Total Buildings $ 152,298.83 $ 9,000.00 $ 565.98 $ 160,732.85 FURNITURE APELUILEEEL: City Hall $ 29,724. 78 $ 416.80 $ 318.50 $ 29,823.08 Library 22,200.88 22,200.88 Police 6,221.88 82.45 6,304.33 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 vo Elec, Magic Steam Cleaner 356.00 356.00 STRAND Chain Saw 263. 66 263.66 & ROE Craw Luber 264.95 264.95 Sioux Impact Wrench 325.00 325.00 Frost Braker 175.00 175.00 I Swenson Self-Feeding Spreader 464.00 Rosco Vibrapac Roller1,975.00 464.00 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 Elec. Chain Saw 130.50 130.50 Kal Tune Master 254.50 254.50 Air Compressor 5 H.P. 499.00 499.00 -69- EXHIBIT G-2 Page 2 City of Hopkins Hopkins, Minnesota CAPITAL ASSETS As At December 31j1 Balance Elimi- Balance Description 12-31-61 Additions nations 12-31-62 FURNITURE AND EQUIPMENT: (Cont'd) Street: (Cont'd) Cub Tractor $ 1,650.00 $ $ 1,650.00 Tractor Shovel Loader 23,324.47 23,324.47 Other 29,648.17 931. 70 30,579.87 Office Equipment 516.84 516.84 Fire Department 21,505.09 21 ,505.09 Parks and 111,e.ygrounds 28,046.45 6,126.20 34,172.65 Recreation 3,508.29 3,508.29 Stores: Fuel Oil Pump 135.00 135.00 Industrial Pump 361.19 361.19 Aerial Maps 13,743.00 13,743.00 Engineering 4,128.97 4,128.97 Beach Concessions 2,769.44 2,769.44 Civil Defense 545.00 1,522.61 2,067. 61 Weed Control 140.29 140.29 Total Furniture and Equipment $ 172,463,02 $ 34,571.07 $ 318.50 $ 206,715.59 VEHICLES: Police Department: 1953 Motorcycle 695.00 $ 695.00 1962 Plymouths (2) 4,812.00 4,812.00 Fire Department: 1941 LaFrance Fire Truck 5,500.00 5,500.00 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 4,597,00 4,597.00 1953 White Truck and Gar Wood G4Irbage Packer 7,244.90 7,244.90 Crawler Tractor 16,667.00 16,667.00 po Hough Payloader 15,466.00 15,466.00 STRAND Engineering Department: & ROE Chevrolet Truck 1/2 Ton 1,343.01 1,343.01 1962 Falcon Bus w/Flasher 1,976. 63 1,976. 63 Recretion Department: Tractor Mower 486.45 486.45 Trailer Sprayer 163.35 163.35 Parks: Rotary Mower 20" 89.95 89.95 Wayne Loader 125.00 125.00 Snow Sweeping Broom 1,163.50 1,163.50 Model F Tractor 4,663.40 4,663.40 Tractor Accessories 202.37 202.37 -70- EXHIBIT G-2 Page 3 City of Hopkins Hopkins, Minnesota CAPITAL ASSETS As At December 31 1962 Balance Elimi- Balance Descriestion 12-31-61 Additions nations 12-31-62 VEHICLES: (Cont a d) Parks: (Cont°d) Lawn Mowers (2) $ $ 200.00 $ $ 200.00 Gravely Sno-Blower 197.17 197.17 1952 Chevrolet 1/2 Ton 170.00 170.00 1961 Chevrolet 3/4 Ton 4,693.95 4,693.95 Street Department: 1942 Mack Tank Truck 495.00 495.00 1944 "Intern,tion.l 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 10,809.00 10,809.00 Huber 5-8 Ton Roller 5,034.26 5,034.26 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 C.-t. Diesel Motor Grader 11,241.00 11,241.00 Truck Carrier & Trailer Axle Wheels 574.00 574.00 °I.rco S alt 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 Truck and Hoist Box 1,468.50 1,468.50 Dump Box 757.00 757.00 Cub Tractor Hyd. System-1 Blade 600.00 600.00 Rotary Mower 310.00 310.00 Sherman Loader and Material Bucket 1,800.00 1,800.00 1951 Ford Chassis Cab 595.00 595.00 Austin-Western Pickup Street Sweeper 10,548.00 10,548.00 Dunn Steel Body 340.00 340.00 1957 International Truck 3,495 66 3,495. 66 1957 International Truck 3,495.67 3,495.67 Dunn Steel Body and Gar Wood St. P„ul Hoists (2) 2,442.00 2,442.00 Po Gar Wood St. Paul Hoist 485.00 485.00 STRAND Loraine Moto Loader 18,500.00 18,500.00 & ROE 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 1961 Chevrolet Truck 10,176.00 10,176.00 Administrative: 1962 Valiant 1.723.00 1,723.00 Total Vehicles $ 252,720.63 $ 30,516.17 $16,809.01 $ 266,427. 79 1 -71- EXHIBIT G-2 Page 4 City of Hopkins Hopkins, Minnesota CAPITAL ASSETS As At December 31 1962 Balance Elimi- Balance Description 12-31-61 Additions nations 12-31-62 OTHER IMPROVEMENTS Streets, Alleys, and Sidewalks $1,200,801.43 $ 68,993.31 $ $1,269,794. 74 Street Lights 116,145.47 116,145.47 Parking Meters 23,073,15 23,073.15 Parking Meters - Municipal Lots 842.80 842.80 Sign Lights 16,400.00 16,400.00 Parking Lots 222,079.44 222,079.44 Storm Sewers 294,944.81 11,899.20 306,844,01 Traffic Signals 13,973.23 1,289.96 15,263.19 Parks 8,987.38 8,987.38 Sanitary Sewers 1,645. 78 1,645. 78 Total Other Improvements $1.897,247. 71 $ 83,828.25 $ $1,981,075.96 Totals $2,795,271. 78 $240,415.49 $17,693.49 $3,017,993. 78 V STRAND & ROE -72- EXHIBIT G-3 City of Hopkins Hopkins, Minnesota GENERAL FUND FIXED ASSETS AND DEPRECIATION - ENGINEERING DEPARTMENT As At December 31, 1962 Allowance for Depreciation Balance Deprec. Balance Date Description Cost Rate 12-31-61 1962 12-31-62 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 340.00 306.00 9.00 315.00 Blueprint Cabinet 56.25 50. 67 .58 51.25 Drafting Table 115.00 103.50 1.50 105.00 1954 Posture Chair 27.95 22.40 2.55 24.95 Steel Gray Desk 182.44 146.00 18.25 164.25 Gray Executive Desk 126.23 100.96 12. 62 113.58 Royal Typewriters (2) 355,00 284.00 35.50 319.50 File Cabinets (2) 237.60 190.08 23. 76 213.84 Press-ur-Meter w/Case 153.50 122.80 15.35 138.15 Aerial Maps 262.00 209. 60 26.20 235.80 Shelving 21.50 17.20 2.15 19.35 H.R.V.P. Transit 550.00 412.50 55.00 467.50 1957 Engineer's Level 350.00 157.50 35.00 192.50 Brunson Rod 45.00 15. 75 4.50 20.25 1960 Traffic Counter 102.26 15.34 10.23 25.57 Total Equipment $4,128.97 $3,257.54 $252.19 $3,509. 73 Prior Chevrolet Panel Truck $1,343.01 $1,343.01 $ - $1,343.01 Traded (1,343.01) (1,343.01) 1962 1962 Falcon Bus w/Flasher 1,976. 63 20% - 182.66 182. 66 V Totals $6,105. 60 $4,600.55 $434.85 $3,692.39 STRAND & ROE BUILDING FUND STRAND & ROE -73- EXHIBIT H City of Hopkins Hopkins, Minnesota BUILDING FUND BALANCE SHEET As At December 31, 1962 ASSETS Treasurer's Cash $ 10,086.12 Land 109,909.80 Total Assets $119,995.92 LIABILITIES , RESERVES, AND SURPLUS Surplus - Unappropriated $ 10,086.12 Surplus - Invested in Fixed Assets 109,909.80 Total Liabilities, Reserves, and Surplus $119,995.92 v STRAND & ROE -74- EXHIBIT H-1 City of Hopkins Hopkins, Minnesota BUILDING FUND ANALYSIS OF SURPLUS SURPLUS - UNAPPROPRIATED BALANCE - DECEMBER 31, 1961 $ 33,095.92 DEDUCTIONS: Expenditures per Accompanying Statement 23,009.80 BALANCE - DECEMBER 31 1962 $ 10,086.12 SURPLUS - INVESTED IN FIXED ASSETS BALANCE - DECEMBER 31. 1961 $ 86,900.00 ADDITIONS: Surplus - Unappropriated 23,009.80 BALANCE - DECEMBER 31 1962 $109,909.80 V STRAND & ROE -75- EXHIBIT H-2 City of Hopkins Hopkins, Minnesota BUILDING FUND OPERATING STATEMENTS For the Year Ended December 31, 1962 STATEMENT OF REVENUES Description Amount None , STATEMENT OF EXPENDITURES Description Amount Land Acquisition: West Minneapolis Lot 13 Block 11 $ 8,809.80 West Minneapolis Lot 14 Block 11 14,200.00 Total Expenditures $23,009.80 fro STRAND & ROE SUPPLEMENTARY STATEMENTS STRAND & ROE 1 -76- EXHIBIT I City of Hopkins Hopkins, Minnesota COMBINED BALANCE SHEET - ALL FUNDS As At December 31 1962 ASSETS Cash on Hand and in Banks Petty Cash $ 505.00 Banks 167.474.84 $ 167,979.84 Funds in Hands of Fiscal Agents 66,048.50 Investments 492,260.08 Accounts Receivable 23,530.41 Assessments Receivable 1,025,606.38 Municipal State Aid Fund 149,235.46 Accrued Interest Receivable 1,956.39 Future Assessments 336,720.14 Current Tax Levy 616,181.00 Future Tax Levy 222,678.00 Provision for Debt Retirement 66,300.00 Inventories 21,070. 71 Prepaid Expenses 636.81 Work In Process 331,669.54 Fixed Assets 5,703,170.14 Total Assets $9,225,043.40 LIABILITIES RESERVES AND SURPLUS Accounts Payable $ 71 722.15 Contract Payable - Sewage Disposal 2,146.85 Contract Payable - Other . 2,532.35 Accrued Liabilities 1,036.90 Matured Bonds and Interest 66,048.50 Due on Contract for Deed 66,300.00 Projects Authorized 336,720.14 Prepaid Revenues 25,797.00 Bonds Payable 821,500.00 Future Interest 127,199.50 Reserves Reserve for Depreciation $ 475,291.28 Reserve for Current Tax Levy 535,634.00 Reserve for Uncollectible Taxes 20,507.20 Reserve for Municipal State Aid Fund 149,235.46 1,180, 667.94 ✓ Fund Balance 830,000.00 STRAND Surplus: & ROE Unappropriated $ 777,857.48 Current 200,225.43 Invested in Fixed Assets 4,715,289.16 5,693,372.07 Total Liabilities, Reserves, and Surplus $9,225,043.40 -77- City of Hopkins Hopkins, Minnesota COMBINED BALANCE SHEET BY FUNDS As At December 31 , 1962 General Beach Assets Revenue Parking Concession Treasurer's Cash $ 133,882.21 $ 950. 62 $4,472. 64 Petty Cash 405.00 Funds in Hands of Fiscal Agents Accounts Receivable 6,550.25 Investments 115,000.00 Due from Other Funds Municipal State Aid Fund 149,235.46 Current Tax Levy 535,634.00 Future Tax Levy Provision for Debt Retirement 66,300.00 Due from Bond Retirement Fund Special Assessments Receivable To Be Assessed Accrued Interest Receivable 328.10 Inventories (At Cost) 13,540.54 475.26 Prepaid Expenses 636.81 Work In Process Fixed Assets Total Assets $1,021,512.37 $1,425.88 $4,472.64 Liabilities, Reserves, and Surplus Accounts Payable $ 63,050.59 $ $ Contracts Payable Due City of Minneapolis Matured Bonds and Interest Due on Contract for Deed 66,300.00 Due to Other Funds 144.00 Accrued Liabilities 1,036.90 Projects Authorized Prepaid Revenues 25,797.00 Bonds Payable Future Interest Reserve for Depreciation Reserve for Current Tax Levy 535,634.00 Reserve for Uncollectible Taxes Reserve for Sewer Utility Issue Reserve for Municipal State Aid Fund 149,235.46 Fund Balance Surplus: Current or Unappropriated 180,314.42 1,425.88 4,472. 64 Invested in Fixed Assets Total Liabilities, Reserves, and Surplus $1,021,512.37 $1,425,88 $4,472. 64 =o � J 00.,co,o'O 00 00 e04O,.d.•1JJ 0 v1 v1 x10000400 000OOO'OO ...,0 O • COO vn.0 NJ 0 O 0 Co e•7 Nin r"c0 v1 r+ N .+M co N 0 N 0,.400.n N 0NCo JO 0..d N • • • • • . • . • • . • • • . .- • • . • • • • • . • • • • . • • . • . rt ' J v1 CO 00v1v1COON'00.00'00)0 r1 NICO OD In•00 n 0 n co xNN 0..+J10 0. I , .a, n O J P1.O Ln Co on co n OCOON en nP1'O n O N on 44 1n C 0el 0,0 C>el Oco O Oe0 a0 N 0 4 u O VIN v1 N.•1.0 PI C4 V3 n O,O'o.O r1 CO n DI r4 P1 v1 Onn vI r1 N'0 en NNO ON OD [y 0 n .O P1 N OO..O N.OP1 In.0.+.+ .SP1 Co .+N N.O.O CD .n•.+n v1 v1 OP1 O.O OD.n Co Ft Co .ONO.O.J.�N.P Nin N 1'1 0 .� n .0.00. in N N N n VI C4 4 P n.•i r1 Co N J N Co N 0 Cn P1 n PI 01 Co N J v1 N Co Cr.n l•1 a~', - v1 0. Vr J T 9WC N NO N N O N. 0O .1 co O.' H co O.' •.1 0 'O O, VI' 0' •O O, v1 .+ 0 O 0. O,' 0 O, On .rl . O O 0. 0, O O' 0, Co .•i O r11 .+O rt, A.1 .1 .e .I V> VY OA- VY CO c0 On PQ1 N P1 P1 N N e1 u 0 Off. T VD el P01 0, M 0 0. n n cn J n p w O 0 O O P1 P1 P1 P1 N V} L in 0 00 00 v1 0- 0 00 00 O O 000� P1 0 O N 0 0 , N Co" O 0 0 N.0 0 OD 'V p b .O T O.-1 In c0 .1 N O, OJ n N O N O W 0 N cn O 41 J n P1 eh' e1 0 n O co M P1 O 11 7 el P1 O J .n.O H J in .n On v1 N Co J pp .+ 0 Co 0 P1 .O 0. 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V} Vl 4 O o J Co 0 N H Co n N CO 0 0 N n.0 n Co 0 v1 H 0 0 J as 0 n 0 in 0.n vl .+O n O,O.a 000 J .-1J .•I O n N OP1 e>` NOD O ID Y N O N N Co 0' inN O n 1n N O N.-1 O.n n W rl v'N QD'ON e10 0' H Co Co OP1n nn H 1C Yl.. H en 0'N 'O Co !P1 v1 in rt J O.In P1 3 V .-1 n v1% Co 0 Co H O,n d •0 01 J In N .-1 N N V} V? A.•0 .n 0 'O0 0 00 N On On 0 0 0 0 0 Co J On J 0 N 0 J 0 0 N CO Co e0 in 0 0 0, 0 0 9 0, • e0 rt v1.n 0 0 v1J 0 c0in.O O O O J'O n J v1 N O r1 W'0 0 0 in 0 P1 P1 0 N H in Zi h 0 J P1 0' P1 on r1 H W W 0 01 J un O N Co P1 on O Co J O P1..1 O n 'O N N J O 0 W. On '0 1n 0,v1 Co 9 n on Co H .n v1 as 'o n I-c Cl P1 .'1 9 PI Co H N Co 'o N P1 J CO N 0J• r+ .+ H to O .n H H O ti .+ V} VY -78- EXHIBIT I-2 City of Hopkins Hopkins, Minnesota COMBINED COMPARATIVE BALANCE SHEETS As At As At Increase Assets 12-31-61 12-31-62 (Decrease) Cash on Hand and in Banks $ 229,708.45 $ 167,979.84 $(61,728. 61) Funds in Hands of Fiscal Agents 63,507.00 66,048.50 2.,541.50 Investments 592 630.53 492 260.08 Accounts Receivable (100,370.45) 20,433.99 23,530.41 3,096.42 Assessments Receivable 959,642.81 1,025,606.38 65,963.57 Municipal State Aid Fund 125,751.98 149,235.46 23,483.48 Accrued Interest Receivable 2,362. 72 1,956.39 (406.33) Future Assessments 512,700.56 336,720.14 (175,980.42) Current Tax Levy 616,231.00 616,181.00 (50.00) Future Tax Levy 303,225.00 222,678.00 (80,547.00) Provision for Debt Retirement - 66,300.00 66,300.00 Inventories 23,277. 76 21,070. 71 (2,207.05) Prepaid Expenses 767.00 636.81 (130.19) Work In Process 183,606.54 331,669.54 148,063.00 Capital Assets 5,311,962.32 5,703,170.14 391,207.82 Total Assets $8,945,807.66 $9,225,043.40 $279,235. 74 Liabilities Reserves and Sur.lus Accounts Payable $ 20,407.45 $ 71,722.15 $ 51,314. 70 Contracts Payable - Sewage Disposal 2,810.41 2,146.85 (663.56) Contracts Payable - 2,532.35 2,532.35 Accrued Liabilities 875.00 1,036.90 161.90 Matured Bonds and Interest 63,507.00 66,048.50 2,541.50 Due on Contract for Deed - 66,300.00 66,300.00 Accrued Payroll 7,216.98 - (7,216.98) Projects Authorized 512,700.56 336,720.14 (175,980.42) Prepaid Revenues 23,588.00 25,797.00 2,209.00 Bonds Payable 1,007,000.00 821,500.00 (185,500.00) Future Interest 157,925.50 127,199.50 (30,726.00) Reserves: Reserve for Depreciation 417,061.35 475,291.28 58,229.93 Reserve for Current Tax Levy 523,495.00 535,634.00 12,139.00 Reserve for Uncollectible Taxes 25,481.00 20,507.20 (4,973.80) Reserve for Municipal State Aid 125,751.98 149,235.46 23,483.48 Fund Balance 830,000.00 830,000.00 pi - Surplus: STRAND Unappropriated 703,721.33 777,857.48 74,136.15 & ROE Current 203,903. 63 200,225.43 (3,678.20) Invested in Fixed Assets 4,320,362.47 4,715,289.16 394,926. 69 Total Liabilities, Reserves, and Surplus $8,945,807.66 $9,225,043.40 $279,235. 74 -79- EXHIBIT I-3 City of Hopkins Hopkins, Minnesota TREASURER'S CASH BALANCE As At December 31, 1962 Balance Add: Less: Per Bank Deposits Outstanding Balance Bank Type of Account Statement In Transit Checks Per Books First Nat'l Bank General Fund $195,185.66 $ - $63,224.20 , $131 961.46 N. W. Nat'l Bank Payroll Account 2,297.98 10,135.47 11,940.01 493.44 N. W. Nat'l Bank Special Assessment 5,607.47 - - 5,607.47 N. W. Nat'l Bank Bond Retirement 19,326.35 - - 19,326.35 N. W. Nat'l Bank Building Fund 10,086.12 - - 10,086.12 Totals $232,503.58 $10,135.47 $75,164.21 $167,474.84 SUMMARY General Fund: General Revenue $133,388. 77 Payroll 493.44 $133,882.21 Parking 950.62 Beach Concession 4,472.64 $139,305.47 Service Utilities: Water $ 11,519.64 Sewer 14,710.92 26,230.56 Permanent Improvement Revolving Fund (33,081.13) Bond Retirement Fund 19,326.35 Special Assessment Fund 5,607.47 Building Fund 10,086.12po STRAND Total as Above & ROE $167,474.84 -80- EXHIBIT I-4 City of Hopkins Hopkins, Minnesota ACCOUNTS RECEIVABLE As At December 31, 1962 GENERAL REVENUE: Minnesota Highway Department $2,584. 78 F. B. Habisch 10.00 Janet Steffenhagen 100.00 Eden Prairie Township 975.00 Federated Mutual 1,214.95 U. S. Post Office 219.05 Modern Erecting 506.28 Phil Henderson 125.00 Independent School District #274 105.23 Village of Rockford 5.00 City of Crystal 15.00 Village of Deephaven 5.00 Village of St. Anthony 15.00 Village of Brooklyn Park 15.00 Blaylock Plumbing 25.00 L. G. Lemke 629.96 $ 6,550.25 PERMANENT IMPROVEMENT REVOLVING FUND: Cleo Myers $ 32.64 Earl Christensen 107.25 139.89 SEWER FUND: Federated Mutual 71.40 WATER FUND: Federated Mutual $ 60. 60 Barbarossa & 66.50 Independent School District #274 390.15 517.25 PUBLIC UTILITIES: Route Water Sewer Total Commercial $1,475.37 $ 846.03 $2,321.40 lA 744. 74 400.34 1,145.08 18 280.21 202.50 482. 71 2A 344.30 186.87 531.17 2B 374. 79 203.41 578.20 3 211.68 150.45 362.13 4 143.50 109.55 253.05 5A 620. 78 810.01 1,430. 79 STRAND 5B 1,132.58 873.17 2,005. 75 ti ROE 5C 832.02 788.01 1,620.03 6 1,034.33 857.98 1,892.31 7 552. 65 724. 72 1,277.37 8 535.49 500.85 1,036.34 9 132.94 85.50 218.44 10A 98.46 74.90 173.36 108 263.42 86.05 349.47 11 98.61 39.07 137.68 12 235.02 201.32 436.34 $9,110.89 $7,140. 73 16,251.62 Total to Exhibit A $23,530.41 -81- City of Hopkins Hopkins, Minnesota INTERFUND ACCOUNTS As At December 31, 1962 RECE Water Sewer Description Utility Utility Classification of Receipts $94.00 $ 50.00 Parkridge Sewer Reimbursement 5,000.00 Sewer Revenue Bonds and Reserve Totals $94.00 $5,050.00 -81- EXHIBIT I-5 IVABLES PAYABLES Bond Special Retirement General Sewer Assessment Fund Total Revenue Utility Fund Total $ $ 144.00 $144.00 $ $ $ 144.00 5,000.00 5,000.00 5,000.00 85,411.20 85,411.20 85,411.20 85,411.20 $85,411.20 $90,555.20 $144.00 $85 ,411.20 $5,000.00 $90,555.20 V STRAND & ROE -82- EXHIBIT I-6 City of Hopkins Hopkins, Minnesota INVENTORIES As At December 31, 1962 Description Amount Total GENERAL REVENUE: Office Supplies: Municipal Office $1,393.12 Court 147.90 Election 200.00 Police 400.00 Parking Meters and Supplies 475.26 Road Maintenance and Equipment Supplies: Street Department 8,295. 63 Traffic Signs 823.35 Janitorial Supplies: Municipal Building 406. 79 Sports and Craft Supplies: Recreation 1,873. 75 $14,015.80 WATER UTILITY: Hydrants $1,160.00 Hydrant Parts 1,060.80 Parts and Supplies 3,949. 70 Meters and Supplies 654.41 6,824.91 SEWER UTILITY: Chemicals 230.00 Total $21 ,070. 71 V STRAND & ROE -83- EXHIBIT 1-7 City of Hopkins Hopkins, Minnesota ACCOUNTS PAYABLE As At December 31, 1962 Name Amount Total GENERAL FUND: Rohlf & Wezeman $ 620.00 Barton-Aschman Associates, Inc. 4,500.00 Alcotts 9. 61 Addo-X 6.80 Animal Rescue League 115.00 Brodie Engineering 250.00 Bren Hardware 67.59 Robert Corwine 1,500.00 C. F. Coyer 20.11 City of Minneapolis 252.00 Dorholt Printing 117.50 Dahlberg Ford 12.60 Elvin Supply 25.75 Gustafson & Fuxa 1.50 Hopkins Cleaners 13.99 Hopkins Sand & Gravel 52.58 Hopkins Motors 32.42 Justus Lumber 368.12 Kleven Oil 119.88 Koss Paint 7.00 Kuelbs Co. 197.17 Kokesh Hardware 128.08 Lehn Electric 601.09 Lyle Signs 76.00 Lawson Products 29.87 Mashik Cleaners 18.00 Matt's Cafe 53.32 Midwest Planning 675.00 Minn. Fire Extinguisher 121.35 Minn. Fire Equipment 86.00 Modern Office Supply 10.00 Minn. Mining & Mfg. 89.40 Mulholland Co. 26. 63 Motorola 490.00 National Chemsearch 153. 75 H. Go Nelson 20.00 Olson Radiator 141.22 r/ Pusch & Co. 27,450.00 STRAND Renaldi Co. 186.15 & ROE Sly Specialties 11. 60 St. Louis Park 400.00 River View Cement 77.36 Joseph Vesely 950.00 Western News 75.37 Hennepin County Treasurer 22,344.54 $62,504.35 WATER FUND: Badger Meter Co. $ 386.48 Gustafson & Fuxa 10.27 Kokesh Hardware 10.27 Tart Ide 450.00 857.02 -84- EXHIBIT I-7 Page 2 City of Hopkins Hopkins, Minnesota ACCOUNTS PAYABLE As At December 31, 1962 Name Amount Total SEWER FUND: City of Minneapolis $ 7,770. 74 Dahlberg Ford 11.90 Roto-Matic 20.50 Standard Oil 11.40 $ 7,814.54 SELF-SUSTAINING - DISPENSERS: Pepsi Cola 546.24 P.I.R. FUND: River View Cement 2,532.35 Total $74,254.50 v STRAND & ROE -85- EXHIBIT 1-8 City of Hopkins Hopkins, Minnesota SEWER UTILITY ACCOUNTS PAYABLE TO CITY OF MINNEAPOLIS SEWAGE DISPOSAL SYSTEM COSTS As At December 31, 1962 Installment Due Amount December 31, 1963 $ 646. 61 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 $2,146.85 P‘ STRAND & ROE -86- EXHIBIT 1-9 City of Hopkins Hopkins, Minnesota GENERAL FUND DUE ON CONTRACT FOR DEED - HENNEPIN COUNTY As At December 31, 1962 Installment Due Rate Principal Interest Total December 1, 1963 3% $10,000.00 $1,800.00 $11,800.00 December 1, 1964 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 10,000.00 300.00 10,300.00 Totals $60,000.00 $6,300.00 $66,300.00 V STRAND & ROE -87- City of Hopkins Hopkins, Minnesota BONDED INDEBTEDNESS - ALL FUNDS For the Year Ended December 31, 1962 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.R. Fund 6- 1-57 3. 7 4.1 Total P.I.R. Bonds Water 3- 1-45 1.2% Fire Equipment 3- 1-52 2.1 Storm Sewer 9- 1-53 2.8 P.I.R. Sewerage System Revenue (a) 9- 1-58 2.8 3.1 3.4 Total General Obligation Bonds 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 v 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, 1963, payment forwarded to fiscal agent in 1962. i -87- EXHIBIT I-10 Interest Balance Issued Paid Balance Paid 1- 1-62 1962 1962 12-31-62 1962 $ 20,000.00 $ $ 10,000.00 $ 10,000.00 $ 300.00 125,000.00 25,000.00 100,000.00 3,750.00 80,000.00 20,000.00 60,000.00 2,590.00 80 00000 __ 80,000.00 3,280.00 $ 305,000.00 $ $ 55,000.00 $250,000.00 $ 9,920.00 $ 10,000.00 $ (b)$ 2,500.00 $ 7,500.00' $ 120.00 4,000.00 4,000.00 - 42.00 60,000.00 20,000.00 4M40.00/ 1,400.00 26,000.00 13,000.00 13,000.00?- 728.00 24,000.00 24,000.00/03-K 744.00 36,000.00 36,000.00- 1,224.00 $ 465,000.00 $ $ 94,500.00 $370,500.00 $14,178.00 $ 7,000.00 $ $ 2,000.00 $ 5,000.00 $ 168.00 22,000.00 11,000.00 11,000.00 330.00 56,000.00 25,000.00 31,000.00 1,512.00 60,000.00 20,000.00 40,000.00) , 1,440.00 10,000.00 10,000.00'& 280.00 10 000.00 10,000.00)// 300.00 $ 165,000.00 $ $ 58,000.00 $107,000.001 $ 4,030.00 $ 42,000.00 $ $ 10,000.00 $ 32,000.00 $ 925.00 87,000.00 87,000.00 2,523.00 26,000.00 26,000.00 780.00 50,000.00 10,000.00 40,000.00 1,800.00 40,000.00 40,000.00 1,720.00 80,000.00 80,000.00 3,600.00 1.0 $ 325,000.00 $ $ 20,000.00 $305,000.00 $11,348.00 STRAND & ROE $ 52,000.00 $ i13,010.22 1_22,000.00 $ 1,170.00 $1,007,000.00 $ - $185,500.00 $821,500.00 $30,726.00 -88- City of Hopkins Hopkins, Minnesota INSURANCE IN FORCE As At December 31, 1962 Latest Policy Policy Endorsement Policy Number Carrier Date Date Term Amount 0303-102306 Mutual Service Casualty 3- 3-59 3- 3-64 5 Years $790,819.0( Insurance Company (A) Annual Premium -88- EXHIBIT I-11 90% Co-Insurance Premium Description Buildings Contents $2,099.97 Fire and Extended Coverage; V. & M. M. (A) City Hall, Fire Dept. , & Jail - 723 Excelsior Ave. $ 62,400.00 $ 27,000.00 Library - 120 9th Ave. So. 20,160.00 63,000.00 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. Garage and Warehouse - Ilth Ave. So. , Near 2nd St. So. 17,820.00 900.00 Street Dept. Shop - 11th Ave. So. Near 2nd St. So. 10,800.00 4,500.00 Band Stand - 924 - 1st St. So. 1,494.00 900.00 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. & 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 Garage - Storage - 15 - 8th Ave. No. 1,800.00 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 One Family Dwelling - 107 - 11th Ave. So. 10,000.00 One Family Dwelling - 109 - 11th Ave. So. 10,000.00 One Family Dwelling - 101 - 11th Ave. So. 10,000.00 One Family Dwelling - 1004 - 1st St. So. 10,000.00 One Family Dwelling - 117 - 11th Ave. So. 10,000.00 One Family Dwelling - 115 - 11th Ave. So. 10,000.00 One Family Dwelling - 121 - 11th Ave. So. 10,000.00 Storage Garage K/A Bldg. #1 - Hennepin County Fairgrounds 10,000.00 STRAND Main Repair Bldg. K/A Bldg. #2 - Hennepin County & ROE Fairgrounds 22,500.00 Recreation Office and Storage K/A Bldg. #3 - Hennepin County Fairgrounds 3,900.00 Working Garage K/A Bldg. #4 - Hennepin County Fairgrounds 16,200.00 Playground Recreational Bldg. - Hennepin County Fairgrounds 10,000.00 $552,669.00 X23_8,150.00 -89- City of Hopkins Hopkins, Minnesota INSURANCE IN FORCE As At December 31 1962 Latest Policy Policy Endorsement Policy Number Carrier Date Date Term Amount CA-3670 Great Northern Insurance Co. 4- 3-62 4- 3-63 1 Year 100/300M 50M $150.00 Ded, Various j 887344 Federated Mutual Implement and 1- 1-62 1- 1-63 1 Year Statutory Hardware Insurance Co. 888691 Federated Mutual Implement and 1-10-62 1-10-63 1 Year 100/300M Hardware Insurance Co. 50M 8310380 Hartford Steam Boiler Inspection 2- 9-61 2- 9-64 3 Years 150M and Insurance Co. 8966 General Insurance Co. of America 1- 1-62 1- 1-65 3 Years 80,000.00 8967 General Insurance Co. of America 1- 1-62 1- 1-65 3 Years 2,500.00 933251-62 Western Surety Co. 8- 1-62 8- 1-64 2 Years 1,000.00 881380-62 Western Surety Co. 3- 1-62 3- 1-63 1 Year 1,000.001 676186-62 Western Surety Co. 8- 1-62 8- 1-64 2 Years 1,000.001 960200-60 Western Surety Co. 12-13-60 12-13-67 7 Years VD012976 American Casualty Co. of 6- 6-62 6- 6-63 1 Year 196.10 Reading, Pennsylvania (A) Annual Premium -89- EXHIBIT I-11 Page 2 Premium Descri t�,;=ion $2,539.16 Comprehensive Automobile Liability Bodily Injury Property Damage Collision on Police Cars Fire and Windstorm 10,077.19 Workmen's Compensation - Employees 0. L. & T. Liability: 90.33 Bodily Injury Property Damage Residence - 1004 - 1st St. So. Residence - 101 - 11th Ave. So. Residence - 107 - 11th Ave. So. Residence - 109 - 11th Ave. So. Residence - 115 - 11th Ave. So, Residence - 117 - 11th Ave. So. Residence - 121 - 11th Ave. So. Residence - 22 - 8th Ave. No. Residence - 5217 Shady Oak Road Residence - 5219 Dominec Drive (A)130.19 Boiler Explosion - City Hall Public Library (A)365.42 Fidelity Bond: City Manager $10,000.00 City Treasurer 40,000.00 Assistant City Treasurer 25,000.00 Clerk Cashier 5,000.00 (A)141.21 Public Employees' Blanket Position Bond 17.00 Assessor Bond. - Joseph A. Hromadko 10.00 Deputy Assessor Bond - William R. Thompson 17.00 Ass'n Assessor Bond - Arlyn Sala Po Notary Public Bond - Clifford R. Peterson STRAND & ROE Volunteer Firemen's Accident Accidental Death or Injury Death $5,000.00 - Injuries or Disablements per Schedule -90- EXHIBIT 1-12 City of Hopkins Hopkins, Minnesota MUNICIPAL COURT STATEMENT OF RECEIPTS AND DISBURSEMENTS For the Year Ended December 31, 1962 BALANCE - DECEMBER 31, 1961 $ 905.00 RECEIPTS: Fines, Fees, Bail, and Other 31,580. 60 $32,485. 60 EXPENDITURES: Transmitted to City Treasurer: City Receipts $30,915. 60 Fines Collected for Hennepin County Treasurer and Other Municipalities 490.00 $31,405. 60 Bail Returned 570.00 31.975. 60 BALANCE - DECEMBER 31, 1962 $ 510.00 V STRAND & ROE -91- EXHIBIT 1-13 City of Hopkins Hopkins, Minnesota MUNICIPAL COURT CASH IN NORTHWESTERN NATIONAL BANK OF HOPKINS As At December 31, 1962 BALANCE PER BANK STATEMENT - DECEMBER 31, 1962 $510.00 BALANCE PER BOOKS - DECEMBER 31, 1962 $510.00 FUNDS HELD IN TRUST: Name Amount M. Brekken $ 35.00 F. Roushar 100.00 W. Labean 100.00 K. Bjerke 50.00 Watson 25.00 310.00 Original Working Capital $200.00 V STRAND & ROE -92- EXHIBIT I-14 City of Hopkins Hopkins, Minnesota ASSESSED VALUATION - TAX LEVY 1958 1959 1960 1961 ASSESSED VALUATION: Real Estate $ 7,888,086.00 $ 8,023,438.00 $ 8,337,060.00 $ 8,633,020.00 Personal Property 3,161,619.00 3,343,623.00 3,419,384.00 3,216,959.00 Total Assessed Valuations $11,049,705.00 $111367,061.00 $11,756,444.00 $11,849,979.00 MILL RATE: Extended In 1958 1959 1960 1961 Collectible In 1959 1960 1961 1962 TAX LEVY: General Fund $470,415.00 $480,902.00 $529,304.00 $523,495.00 Bonds and Interest 119,802.00 119,863.00 100,375.00 92,736.00 Totals $590,217.00 $600,765.00 $629,679.00 $616,231.00 TAX LEVY SPREAD: General Fund $470,496.44 $482,418.07 $523,161. 76 $523,295.07 Bonds and Interest 119,999.80 120,036.16 100,400.03 92,903.48 Totals $590,496.24 $602,454.23 $623,561. 79 $616,198.55 STRAND & ROE