1961 City of Hopkins, MN Annual Financial Report REPORT ON AUDIT
As At December 31, 1961
CITY OF HOPKINS
Hopkins, Minnesota
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STRAND
& ROE
City of Hopkins
Hopkins, Minnesota
CITY OFFICIALS
1961
Office Name Term Expires
MAYOR W. Harlan Perbix/Donald J. Milbert 7- 1-63
COUNCILMAN John F. Hanley 7- 1-65
COUNCILMAN Harry Pokorny, Jr. 7- 1-65
COUNCILMAN J. Russell Carroll/Vincent R. Else 7- 1-63
COUNCILMAN Donald J. Milbert/Robert P. 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 John J. Strojan
MUNICIPAL COURT JUDGES K. Maxfield Otto 7- 1-63
James D. Rogers, Special Judge 7- 1-65
MUNICIPAL COURT CLERK Donald Nelson
HEALTH OFFICER Dr. Herman E. Drill
FIRE CHIEF Robert D. Aspelin 1- 1-62
STREET SUPERINTENDENT Elmer C. Bielke
WATER & SEWER SUPERINTENDENT John A. Brecka
WEED INSPECTOR Robert G. Anderson 1- 1-62
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LIBRARIAN Mrs. William Mountain
RECREATION DIRECTOR Laurenz A. Harris/Richard Wilson
CIVIL DEFENSE DIRECTOR John Brecka
BOARD OF HEALTH: Dr. Herman E. Drill 7- 1-62
Dr. P. W. Sheldon 7- 1-62
Howard A. Puck 7- 1-62
City of Hopkins
Hopkins, Minnesota
CITY OFFICIALS (Continued)
Office Name Term Expires
LIBRARY BOARD: Mary L. Sprague 7- 1-63
Leone Wilwerding 7- 1-63
Evelyn Peterson 7- 1-64
Hugh W. Firmage 7- 1-64
Vincent Else 9-14-64
Mrs. Orrin Norberg 1- 1-65
Joseph C. Vesely 1- 1-65
POLICE CIVIL SERVICE Ross L. Thorfinson 1- 1-62
COMMISSION: Richard Hertzenberg/Clarence Grandstrom 1- 1-63
Cecil M. Klass 1- 1-64
RECREATION COMMISSION: Earl Dahlberg 8- 1-63
S. H. Severson 8- 1-63
George M. Robertson 1- 1-62
Mrs. Phil Hovander 1- 1-63
John Hanley/H. Pokorny/R. Harriman 9-19-63
Mrs. Peter Throdahl 1- 1-63
ZONING & PLANNING COMMISSION: A. L. Wegleitner 6- 1-62
M. B. Hagen/Howard Sundby 7- 1-65
H. H. Coolidge, Jr. 6- 1-63
Sanfred C. Gustafson 6- 1-63
Vincent Else 7- 1-63
Paul Stannard 7- 1-65
Donald J. Milbert)
R. L. Brubacher ) Ex-Officio Members
John Strojan
EMPLOYEES ' ADVISORY BOARD: John F. Hanley 8- 1-62
Clifford Robinson 8- 1-64
Dorothy Johnson 8- 1-63
Harold Christenson 8- 1-62
CHARTER COMMISSION: Glen M. Lewis
Erwin L. Smetana
Frank N. Whitney
Mrs. Marjorie Schmitz
Maurice A. Hessian
Prof. Henry H. Wade
Rev. Charles Heuser fr
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Otto Japs & ROE
Dr. Frank J. Kucera
Robert M. Geltman
S. C. Gustafson
John C. Zajicek
Mrs. Mildred Lewis
City of Hopkins
Hopkins, Minnesota
INDEX
Page
Explanatory Comments 1 - 13
GENERAL FUND
EXHIBITS:
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-5 - Statement of Revenues and Expensitures -
Parking Fund Reserve 30
A-6 - Statement of Revenues and Expenditures -
Property Rental Reserve 31
A-7 - Statement of Revenues and Expenditures -
Recreation: Self-Sustaining Reserves 32
WATER UTILITY FUND
B - Balance Sheet 33
B-1 - Analysis of Changes in Surplus 34
B-2 - Statement of Revenues 35
B-3 - Statement of Expenditures 36 - 37
B-4 - Fixed Assets and Depreciation 38
B-5 - Revenue Bonds and Interest Outstanding 39
B-6 - Accrual Operating Statement 40
SEWER UTILITY FUND
C - Balance Sheet 41
C-1 - Analysis of Changes in Surplus 42
C-2 - Statement of Revenues 43
C-3 - Statement of Expenditures 44 - 45
C-4 - Fixed Assets and Depreciation 46
C-5 - Revenue Bonds and Interest Outstanding 47
C-6 - Accrual Operating Statement 48
PERMANENT IMPROVEMENT REVOLVING FUND
D - Balance Sheet 49 STRAND
D-1 - Analysis of Changes in Surplus 50 & ROE
D-2 - Statement of Revenues 51
D-3 - Assessments Receivable 52
D-4 - Construction Costs 53 - 55
SPECIAL ASSESSMENT FUND
E - Balance Sheet 56
E-1 - Analysis of Changes in Surplus 57
E-2 - Statement of Revenues and Expenditures 58
E-3 - Assessments Receivable 59
E-4 - Bond Maturities 60
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City of Hopkins
Hopkins, Minnesota
INDEX
Page
BOND RETIREMENT FUND
EXHIBITS:
F - Balance Sheet 61
F-1 - Analysis of Changes in Surplus 62
F-2 - Statement of Revenues and Expenditures 63
F-3 - General Obligation Bonds 64
F-4 - Revenue Bonds - Bond and Interest Summary 65
CAPITAL FUND
G - Balance Sheet 66
G-1 - Analysis of Changes in Surplus 67 - 68
G-2 - Capital Assets 69 - 72
G-3 - Fixed Assets and Depreciation - Engineering
Department 73
BUILDING FUND
H - Balance Sheet 74
H-1 - Analysis of Changes in Surplus 75
H-2 - Statement of Revenues and Expenditures 76
SUPPLEMENTARY STATEMENTS
I - Combined Balance Sheet - All Funds 77
I-1 - Combined Balance Sheet - By Funds 78
1-2 - Combined Comparative Balance Sheets 79
I-3 - Treasurer's Cash Balance 80
1-4 - Accounts Receivable 81
1-5 - Interfund Accounts 82
1-6 - Inventories 83
1-7 - Accounts Payable 84 - 85
I-8 - Accounts Payable - City of Minneapolis 86
1-9 - Bonded Indebtedness - All Funds 87
I-10 - Insurance In Force 88 - 89
I-11 - Municipal Court - Statement of Receipts and
Disbursements 90
1-12 - Municipal Court - Cash in Bank 91
1-13 - Assessed Valuation - Tax Levy 92
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STRAND
& ROE
CLARENCE E. ROE, C.P.A. ROGER R. ROE. C.P.A. ROGER E. BUNKER, C.P.A. JOHN A. LARSEN, C.P.A.
JOE M. CROW, C.P.A. DONALD H. JOHNSON, C.P.A. STANLEY H. MOBERG, C.P.A. JAMES J. KEEGAN, C.P.A.
STRANDROE
Cectiei /ccaktta t
6301 WAYZATA BOULEVARD
MINNEAPOLIS 16, MINNESOTA
Liberty 5-1651
• July 10, 1962
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, 1961. The
examination, a limited general audit, was made in accordance with generally
accepted auditing standards, and accordingly included such tests of the accounting
records and such other auditing procedures as we considered necessary in the
circumstances.
We were not present at the time the physical inventories were taken,
nor was a verification 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, 1961, 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.
V
Respectfully submitted, STRAND
V"--f
/.y & ROE
STRAND & ROE
Certified Public Accountants
Date Field Work Completed y 28. 1962
Date Report Signed 7- a__3-‘z.
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
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& ROE
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City of Hopkins
HISTORY
The Village of West Minneapolis was incorporated on November 27, 1893.
The name was changed to the Village of Hopkins on July 7, 1928. On January 1,
1948, the Village became a City of the fourth class and adopted the City Manager
form of government.
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
As a result of the federal census of 1960, Hopkins became a City of the
third class on January 2, 1961.
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 and cash on hand were verified by actual count on
December 31, 1961. ✓
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The petty cash consisted of the following: & ROE
General Revenue $150.00
Library 25.00
Court 200.00
Water Utility 100.00
Total $475.00
The City had bank balances in the First National Bank and Northwestern
National Bank, both of Hopkins, as shown on Exhibit I-3. The balances were veri-
fied by correspondence and reconciliation.
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City of Hopkins
As of December 31, 1961, the City held security assignments to safeguard
the City funds placed on deposit in these banks, as follows:
First National Bank of Hopkins:
Kind Due Amount
U. S. Treasury Bonds 12-15-62 $ 40,000.00
U. S. Treasury Bonds 11-15-64 200,000.00
U. S. Treasury Bonds 8-15-71 200,000.00
F. D. I. C. 10,000.00 $450,000.00
Northwestern National Bank of Hopkins:
U. S. Treasury Bonds 6-15-62 $100,000:00
U. S. Treasury Bonds 5-15-66 100,000.00
U. S. Treasury Bonds 12-15-65 100,000.00
F. D. I. C. 10,000.00 $310,000.00
FUNDS IN HANDS OF FISCAL AGENTS
Funds in the hands of fiscal agents for the retirement of bonds and
interest payments are as follows:
Issue Payment
Bank Date Date Amount Total
American National Bank - St. Paul 6- 1-57 12- 1-60 $ 564.50
6- 1-61 657.00
12- 1-61 3,120.00 $ 4,341.50
First National Bank - Minneapolis 12- 1-55 12- 1-61 225. 00
Northwestern National Bank-Minneapolis 3- 1-45 1- 1-62 $ 2,575.00
9- 1-53 9- 1-61 140.00
11- 1-47 1- 1-62 2,108.00
5- 1-53 6- 1-61 337.50
12- 1-61 26,093.50
6- 1-57 12- 1-60 300.00
6- 1-61 300.00
12- 1-61 3,660.00
6- 1-54 12- 1-61 2,176.50
6- 1-54 12- 1-61 21 ,250.00 58,940.50
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Total in Hands of Fiscal Agents $63,507.00 & ROE
This account has a contra amount under the liabilities.
INVESTMENTS
The investments held as at December 31, 1961, were as shown on the
following page.
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City of Hopkins
Description Purchased Due Cost Amount Total
General Revenue:
U. S. Treasury Notes 11-15-60 2-15-62 $ 25,000.00 $ 25,000.00
C/D #1253 N.W. Nat'l Bk. 10-13-61 3-13-62 30,000.00 30,000.00
U. S. Treasury Bills 11-13-61 1-11-62 49,820.00 50,000.00
12-14-61 4-15-62 49,533.00 50,000.00 $155,000.00
Water Utility:
City of Hopkins Water
Revenue Bonds of 1954
(par $13,000.00) 6- 1-71 $ 12,172.18
U. S. Treasury Bills 12-14-61 4-15-62 59,463. 60 60,000.00 72,172.18
Sewer Utility:
U. S. Treasury Bills 12-14-61 4-15-62 29,731.80 30,000.00
P.I.R. Fund:
U. S. Treasury Notes 3-30-61 5-15-62 101,375.00 $100,458.35
C/D #1261 N.W. Nat'l Bk. 11-10-61 3-10-62 50,000.00 50,000.00 150,458.35
Special Assessment Fund:
U. S. Treasury Notes 11-15-60 2-15-62 25,000.00 $ 25,000.00
U. S. Treasury Notes 11-15-60 2-15-62 50,000.00 50,000.00
C/D #1254 N.W. Nat'l Bk. 10-13-61 5-13-62 30,000.00 30,000.00
U. S. Treasury Bills 11-13-61 1-11-62 19,928.00 20,000.00 125,000.00
Bond Retirement Fund:
C/D #107 1st Nat'l Bank 11-10-61 5-10-62 30,000.00 $ 30,000.00
U. S. Treasury Notes 11-14-61 1-11-62 9,964.00 10,000.00
U. S. Treasury Notes 11-14-61 2- 8-62 19,888.00 20,000.00 60,000.00
Total $592,630.53
We sighted the City bonds held and verified the United States securities
and certificates of deposit held by the Northwestern National Bank and the First
National Bank of North Hopkins.
ACCOUNTS RECEIVABLE
We have listed the outstanding accounts receivable from the individual
accounts and the details are shown under Exhibit I-4. We verified uncollected
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accounts at the time of our examination. As of December 31, 1961, the following STRAND
& ROE
accounts were charged off:
General Revenue:
William J. Hissam $ 150.00
Minneapolis Gas Company 717.00
Earl Sewall 2,858.15
Pizza Plaza 18.52 $3,743. 67
Sewer Utility:
Houghton Vix-Syn Company 50.00
Total $3,793. 67
. . .... ... ..
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City of Hopkins
With respect to public utility charges, we checked payments received
from January 1, 1962 to April 26, 1962, and found that ;;approximately 90 percent
of the December 31, 1961, balances were paid. One unpaid account exceeds $100.00;
it is an accumulation of sewer charges on 405 - 10th Avenue North in the amount
of $192.00. No payment has been made on this account since before June, 1952.
INTERFUND ACCOUNTS
A statement of the amounts due between funds is given under Exhibit 1-5.
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 this cost at the rate of $1,250.00 per year during the years 1947 to 1966.
The amount of $6,250.00 represents the payments due for the years 1962 to 1966.
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 interfund items are due to the 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 kir
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ment is remitted to the municipality for maintenance. The balance is held by the & ROE
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 $125,751.98 as of December 31, 1961.
ASSESSMENTS RECEIVABLE
The changes in special assessments receivable for the Special Assessments
Fund and Permanent Improvement Revolving Fund during the year are given at
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City of Hopkins
Exhibits D-3 and E-3. To verify the correctness of these balances would necessi-
tate considerable checking of the books in the County Auditor's office; this was
not considered advisable by the City Management.
ACCRUED INTEREST RECEIVABLE
This represents interest due on investments owned as of December 31, 1961.
CURRENT TAX LEVY
The tax levy collectible in 1962 is •:s 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. Under
E:.hibits F-3 and F-4 we give an analysis showing the yearly requirements and
related levies.
DELINQUENT TAXES
Delinquent taxes are not reflected on the accompanying balance sheets
but will be shown in revenues and in the surplus of the various funds as they are
collected.
Delinquent taxes as at December 31, 1961, per information obtained from
the County Auditor, were as follows:
Personal Re:.l Special
Levy Collectible Property Estate Assessments Total
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1955 1956 $ 77.22 $ (4.08) $ 529. 66 $ 602.80 STRAND
1956 1957 185.31 25.27 749.24 959. 82 & ROE
1957 1958 14.05 92.82 1 ,373.28 1,480.15
1958 1959 184.80 278.09 1,055.05 1,517.94
1959 1960 1,765. 72 1,261.36 1,345.29 4,372.37
1960 1961 522. 68 15,349.03 4,216.19 20,087.90
Totals $2,749. 78 $17.002.49 $9,268.71 $29,020.98
Summaries of delinquent taxes older than five years are no longer main-
tained by the County Auditor.
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City of Hopkins
FUTURE ASSESSMENTS
This account represents the estimated =mount to be assessed on projects
which have been authorized. A detail by project will be found under Exhibit D-4.
INVENTORIES
The inventories are listed under Exhibit 1-6.
The inventory quantities were submitted to us by City employees. We have
test checked pricing, extensions, and footings.
PREPAID EXPENSES
Prepaid expenses consisted of items chargeable to future years:
Boiler Insurance $260.37
Official Bonds 506. 63
Total 1_767.00
WORK IN PROCESS
This represents the costs to December 31, 1961, 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 under Exhibit D-4.
FIXED ASSETS
Additions to fixed assets during the year under review are given at
Exhibits B-4, C-4, and G-2. Depreciation has been estimated on the revenue pro-
ducing divisions as a means of determining net income on the accrual basis. No
depreciation has been provided on the gener.,1 assets.
Special assessment improvements have been treated as additions on the
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assumption that these improvements are owned and controlled by the City. STRAND
& ROE
The asset values of January 1, 1961, are carried over from the prior
report. No complete analysis was made of all beginning valuations.
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 and I-8.
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City of Hopkins
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 advance payments made on the sale of sewer lots
of the "interurban" project. This project consists of the property acquired from
the old street car right of way in Interlachen Park.
PROJECTS AUTHORIZED
Under Exhibit D-4 we give details on the projects authorized as at
December 31, 1961. These amounts represent the estimated direct costs of complet-
ing the work on approved projects; however, 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, 1961, which are applicable to the year 1962.
BONDS PAYABLE
We submit under Exhibit 1-9 a detail of the total bonded indebtedness
of the City.
Under Exhibits B-5, C-5, E-4, F-3, and F-4, we present details on the
individual bond issues by years.
We sighted the bonds and interest coupons paid and cancelled during the
year. too
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FUND BALANCE & ROE
This account represents the gross amount of bonds issued under the P.I.R.
Fund and constitutes the basis, when collected, for future improvements without
the need of further bond issues.
SURPLUS
The net worth of the City is reflected in the surplus accounts. They
are detailed by funds as Exhibits A-1, B-1, C-1, D-1, E-1, F-1, G-1, and H-1.
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City of Hopkins
CHANGE IN FUNDS
During the year under examination, a new fund was established. The name
of the fund is the Building Fund. It was established by resolution on August 1,
1961. It was established to consolidate in one fund all costs of land, building,
and equipment for new municipal quarters.
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 fourth consecutive year
that improvement has been made. The major changes are as follows:
Net Revenues Over Expenditures $153,663.13
Assessment Fees and Interest 10,451.81
Transfer of Special Reserve Accounts 3,434.26
Sundry 11,940.55 $179,489. 75
Deduct:
Loss of Interest on Assessment Prepayments $ 9,487.96
Net Inventory Decrease 3,252.85
Accounts Receivable Charged Off 3,793. 67
Transfer to Building Fund 100,000.00 116,534.48
Net Increase in Surplus:
Unappropriated $ 29,924. 62
Current 33,030. 65 $ 62,955.27
OPERATIONS
Detailed statements showing the revenues and expenditures for each fund
are given under the respective sections of this report.
A summary of the budgeted funds is given below:
Description Actual Budget Over Under
RECEIPTS: ✓
General Revenue $ 723,067.21 $ 733,958.00 $ $ 10,890. 79 STRAND
Water Utility 119,456.27 97,600.00 21,856.27 & ROE
Sewer Utility 111,174.50 99,300.00 11,874.50
Bond Retirement 114,477.85 100,375.00 14,102.85
Total Receipts $1 ,068,175.83 $1,031,233.00 $ 36,942.83 $
EXPENDITURES:
General Revenue $ 630,276.52 $ 733,958.00 $ $103,681.48
Water Utility 92,785.23 97,073.00 4,287. 77
Water Utility - To Surplus o 527,00 527.00
Sewer Utility 105,752.23 91,060.00 14,692.23
Sewer Utility - To Surplus m 8,240.00 8,240.00
Bond Retirement 112,552.23 100 375,00 12,1772.3
Total Expenditures 1941,366.21 $1 ,031,2.33.00 $ 89,866. 79,
Net Difference 126,809_. 62 $126,809. 62 $
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City of Hopkins
A summary of the unbudgeted operations is as follows:
Description Revenue Expenditures Gain Deficit
Parking Fund $ 8,673. 70 $ 7,859.25 $ 814.45 $
Property Rental 1,990.00 2,312.81 322.81
Recreation - Self Sustaining 17,205.88 16,905.54 300.34
Special Assessment Fund 59,110.02 66,144.41 7,034.39
Trust and Agency-Fire Dept. Aid 6,412.98 6,412.98
Building Fund 100,000.00 66 904.08 33 095.92
Totals $193,392.58 $166,539.07 26,853.51 $
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.
Exhibit I-11 shows a detail of cash receipts and disbursements for the
Municipal Court.
CONTINGENCIES
Mr. and Mrs. George E. Madden have each instituted lawsuits against the
City of Hopkins as the result of a fall by Mrs. Madden on the public sidewalks of
Hopkins. In the two suits, they claim damages of $27,000.00. These two suits
were settled in February, 1962, by the payment of $2,000.00.
Negotiations were started in the latter part of the year under examina-
tion between the City of Hopkins and Hennepin County on the purchase of 9.12 acres
of the Hennepin County fairgrounds property. A contract was signed on January 2,
1962, for its purchase at a total cost of $90,000.00; payment to be $20,000.00
down, with $10,000.00 of balance to be paid yearly, plus three percent interest
100
on the unpaid balance.
STRAND
& ROE
GENERAL
During the course of our examination, a number of items came to our
attention which we feel should be changed in an endeavor to assist the City to
better follow the regulations and to promote efficiency within the administrative
organization.
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clly_521Laulial
1. Errors in the proper coding of receipts and disbursements continue
to be a problem. All employees must be made conscious of the importance of this
phase. Proper coding reduces the need for adjustments and makes comparisons of
budget to actual more realistic.
2. It was noted that in a few instances the license fees collected did
not agree with the ordinance in effect, namely:
License Ordinance Collected
Liquor - Off Sale 100 115
Cigarette 14 12
Taxicab 7 10
In the case of cigarette licenses, in the latter part of the year the proper fee
was collected; however 29 licenses were issued at $12.00. It was also noted that
licenses were issued for nine taxicabs; however only seven cab driver licenses
were issued. It would appear that a number of cab driver licenses were overlooked.
3. Prenumbered receipt forms should be used in all cases where monies
are received by the City. Several permit forms are hand numbered.
4. A capital asset ledger, listing each of the individual property
items owned by the City, should be maintined. To expedite this work, and to
properly set up the Capital Fund, the services of an appraisal firm should be
obtained.
5. A hydrant rental fee of $50.00 per hydrant per year payable to the
Water Utility from the General Fund was imposed as additional security in the
Water Revenue Bond Issue of June 1, 1954. This fee has not been paid since 1959. Po
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Resolution No. 472 of 1954 calls for this additional security. & ROE
6. Additional effort must be placed on the proper handling of purchase
orders. The use of purchase orders and the correct processing of the paper work
must be given more attention. The following invoice errors were found:
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City of Hopkins
a. Supplier's invoice totaled over by $200.00
b. Supplier's invoice paid twice: Paid once with
purchase order attached to duplicate copy of
invoice; paid second time with original
invoice and marked purchase order missing.
Amount overpaid 190.81
c. Supplier's invoice had four items totaling
$16.90; however, invoice showed total of
$320.11, which was paid 303.21
The presence of these errors shows that more care should be taken to assure correct
processing of expenditures. We sighted a large portion of the paid invoices and
found no further errors similar to those listed above.
7. Coordination appears to be lacking between the letting of contracts
on bids and the purchase of these items by employees. A contract was let to
Blacktop Service Company for F.O.B. Site M. C. Cut-back Asphalt at .145 cents per
gallon. All purchases for the year were made from J. V. Gleason Company at 15
cents per gallon. Blacktop Service Company also had the contract for M. C. plant
mix at $5.40 per ton. 49.62 tons were purchased from J. V. Gleason Company at
$5.50.
8. The City charter calls for bids on all purchases over $500.00. Two
instances were noted on which bids were not obtained:
Farnham School Supply P.rtitions for Office $ 601.99
Elk River Concrete Co. 12" Concrete Pipe 1,288.20
9. Bids were let in two instances on which the final payments far
exceeded the original bid estimate because additions were added to the original
bid, namely:
Company Bid Paid po
STRAND
& ROE
Crown Sidewalk Company $ 5,472.50 $13,162.02
Nodland Construction Company 33,834. 70 49,639. 66
Additions in these amounts require new bids on the issuance of an emergency
ordinance.
-13-
CQf Hopkins
10. 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 specific organization chart has been set up. The need of a cash register has
been 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.
CONCLUS_TQN
Based on our examination of the trvmsactions for the year, we conclude
that the City is continuing to make substantial improvements in its financial
position. To hold these improvements, the use of the Building Fund will have to
be watched so that all the surplus gains are not transferred into capital assets.
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-
City of Hopkins
Hopkins, Minnesota
GENERAL AND SPECIAL REVENUE FUND
BALANCE SHEET
As_At December 31,_1961
General On Street Beach
Assets Total Revenue Parking Concession
Treasurer's Cash $ 21,891.39 $ 18,393.52 $ 77.95 $3,419.92
Petty Cash 375.00 375.00
Cash on Hand 23,588.00 23,588.00
Accounts Receivable 3,064.26 3,064.26
Investments 155,000.00 155,000.00
Accrued Interest Receivable 460.95 460.95
Due on Municipal State Aid Fund 125,751.98 125,751.98
Inventories 16,863.82 16,341.82 522.00
Prepaid Expenses 767.00 767.00
Current Tax Levy 523,495.00 523,495.00
Total Assets $871.,257.40 $867,237.53 $599.95 $3,419.92
Liabilities, Reserves, and Surplus
Accounts Payable $ 13,359.28 $ 13,359.28 $ $
Accrued Payroll 6,338.57 6,338.57
Accrued Liabilities 875.00 875.00
Prepaid Revenues 23,588.00 23,588.00
Due to Other Funds 250.00 250.00
Reserve for Current Tax Levy 523,495.00 523,495.00
Reserve for Municipal State Aid 125,751.98 125,751.98
Surplus - Unappropriated 177,599.57 173,579. 70 599.95 3,419.92
Total Liabilities, Reserves,
and Surplus $871,257.40 $867,237.53 $599.95 $3,419.92
PI
STRAND
& ROE
-15-
City of Hopkins
Hopkins, Minnesota
GENERAL AND SPECIAL REVENUE FUND
ANALYSIS OF CHANGES IN SURPLUS - UNAPPROPRIATED
For the Year Ended December 31 1961
PARK
General On Street
Total Revenue Parking
BALANCE - DECEMBER 31. 1960 $ 92,607.57 $ 86,325. 67 $ 767.48
ADDITIONS:
Revenues per Accompanying Statements $750,936. 79 $723,067.21 $6,322.80
Transfers from Special Reserve Accounts - 3,434.26 (279.86)
Accounts Payable Eliminated 380.25
Total Additions $751,317.04 $726,501.47 $6,042.94
$843,924.61 $812,827.14 $6,810.42
DEDUCTIONS:
Expenditures per Accompanying Statements $657,354.12 $630,276.52 $6,210.47
Special Assessments on 22 - 8th Ave. No. 1,037.06 1,037.06
Adjust Inventory 4,190.19 4,190.19
Accounts Receivable Charged Off 3,743. 67 3,743. 67
Total Deductions $666,325.04 $639,247.44 $6,210.47
BALANCE - DECEMBER 31, 1961 $177,599.57 $173,579. 70 $ 599.95
-15- EXHIBIT A-1
TNG RESERVE RECREATION - SELF-SUSTAINING
Municipal Parking Rental Soft Drink Beach Beach Trans- Swimming Recreation
Lots Violations Property Dispensers Concessions portation Pool Classes
($3,197.17) $2,495.05 $1,900.86 $ 226. 63 $ 4,089.05 $ - $ - $ -
$1,279.00 $1,071.90 $1,990.00 $1,125.92 $ 6,305.30 $2,335.50 $4,022. 66 $3,416.50
(1,578.05) (534.43) (793.00) (61.92) (187.00)
380.25
$1,279.00 $1,071.90 $ 411.95 $ 971. 74 $ 6,305..30 $1,542.50 $3,960. 74 0,229.50
01,9)8.17) $3,566.95 $2,312.81 $1,198.37 $10,394.35 $1,542.50 $3,960. 74 $3,229.50
($1,918.17) $3,566.95 $2,312.81 $1,198.37 $ 6,974.43 $1,542.50 $3,960. 74 $3,229.50
($1,918.17) $3,566.95 $2,312.81 $1,198.37 $ 6,974.43 $1,542.50 $3,960. 74 $3,229.50
$ - $ - $ - $ - $ 3,419.92 $ - $ - $ -
STRAND
& ROE
-16- EXHIBIT A-2
City of Hopkins
Hopkins, Minnesota
GENERAL FUND
STATEMENT OF REVENUES
For_ the Year Ended December 31 . 1961
Actual Estimated Over
Revenue Revenue Revenue MAU)
Property Taxes:
Current $509,391.28 $529,304.00 ($19,912.72)
Delinquent 4,952.05 5,000.00 (47.95)
State-Shared Taxes:
Liquor 12,507.00 10,000.00 2,507.00
Cigarette 17,623.50 16,000.00 1,623.50
Bank Excise 3,037.91 2,000.00 1,037.91
Mortgage Registry 1,796.45 2,000.00 (203.55)
State Aid Roads 9,915.00 9,000.00 915.00
Mobil Homes 104.30 - 104.30
Licenses:
Liquor - On Sale 11,270.17 11,040.00 230.17
Liquor - Off Sale 920.00 920.00 -
Liquor - Club 1,580.00 300.00 1,280.00
Liquor - Malt - On Sale 704.83 700.00 4.83
Liquor - Malt - Off Sale 232.00 330.00 (98.00)
Soft Drinks 595.50 300.00 295.50
Milk - Sales 35.00 25.00 10.00
Milk - Trucks 160.00 150.00 10.00
Amusement Devices 60.00 75.00 (15.00)
Oil and Gas Burner Installation 435.00 500.00 (65.00)
Plumbers 555.00 550.00 5.00
Gasoline - Filling Stations 651.00 650.00 1.00
Gasoline - Bulk Stations 200.00 200.00 -
Bowling Alleys 132.00 130.00 2.00
Theatre 86.00 85.00 1.00
Cigarette 991.00 600.00 391.00
Taxicabs 122.00 60.00 62.00
Peddlers 470.00 350.00 120.00
Billboards and Signs 13.00 25.00 (12.00)
Electricians 1,147.50 1,000.00 147.50
Used Car Lots 1,302.00 1,100.00 202.00
Ice Skating School - - -
Dance Hall 17.00 15.00 2.00
Benches 120.00 100.00 20.00
Other 36.00 25.00 , 11.00
Dog 967.39 725.00 242.39 10°
Bicycle 134.25 25.00 109.25 STRAND
Permits: & ROE
Building 4,493.00 2,200.00 2,293.00
Electrical 3,373.25 2,000.00 1,373.25
Plumbing 596.25 600.00 (3. 75)
Oil and Gas Burner 224.00 100.00 124.00
Street Openings 711.00 400.00 311.00
Interest on Investments 2, 158.00 1,000.00 1,158.00
Municipal Court:
Fines 24,599.10 23,900.00 699.10
Fees 6,128.50 6,000.00 128.50
Court Officer 518.20 - 518.20
Accident Reports 101.00 100.00 1.00
-17- EXHIBIT A-2
Page 2
City of Hopkins
Hopkins, Minnesota
GENERAL FUND
STATEMENT OF REVENUES
For the Year Ended December 31_ 1961
Actual Estimated Over
Revenue Revenue Revenue (291E1)
Fire Protection $ 600.00 $ 1,000.00 $ (400.00)
Library Fines and Fees 922.07 1,000.00 (77.93)
Recreation:
Salary Subsidy 715.00 500.00 215.00
Fees 3,087.26 3,050.00 37.26
Beach Parking 2,631. 75 2,000.00 631. 75
Contributions:
School District 4274 $11,500.00
Minnetonka Village 5,000.00 16,500.00 16,500.00 -
Sundry:
Tournament Fees $ 242.40
Reimbursements 6.48
Sports Night 243.29
Instructions and Supplies 176.00 668.17 300.00 368.17
Sundry:
Maps and Search Fees $ 71.25
Telephone Commissions 178.20
Dog Pound Fees 182.00
Auction Sale 122. 75
Election Filing Fees 60.00
Scrap Sales 55.50
Insurance Claims 146.04
Street Lights - Housing Area 240.00
Sale - Snow Plow 100.00
Sale - Multilith Machine 600.00
Miscellaneous 21.44 1,777.18 1,200.00 577.18
Refund on Boarding Prisoners 13. 67 - 13. 67
Transfers:
Parking Meters 3,000.00 5,000.00 (2,000.00)
Rental Property 1,000.00 1,000.00 -
Water Fund 8,000.00 8,000.00 -
Sewer Fund 7,000.00 7,000.00 -
P.I.R. Fund:
Equipment and Overhead 29,485. 68 15,000.00 14,485.68
Sale of Interlachen Right of Way Lots 22,500.00 - 22,500.00
Surplus - 42,824.00 (42,824.00)
Po
Totals 1723,067.21 $733,958.00 ($10,890.79) STRAND
& ROE
-18- EXHIBIT A-3
City of Hopkins
Hopkins, Minnesota
GENERAL FUND
SUMMARY STATEMENT OF EXPENDITURES
For the Year Ended December 31 1961
Actual Appro- (Over)
Description Expenditures priations Under
Council $ 2,675.49 $ 3,450.00 $ 774.51
Manager's Office 30,157,28 30,500.00 342.72
Municipal Court 10,295.10 11,150.00 854.90
Elections 1,045.04 2,500.00 1,454.96
City Clerk 13,073.55 10,100.00 (2,973.55)
Legal Service 4,276.20 3,500.00 (776.20)
Assessing 13,113.10 13,850.00 736.90
Zoning and Planning 3,556.15 3,300.00 (256.15)
Charter Commission 423.00 800.00 377.00
Insurance 11,628.03 10,450.00 (1,178.03)
Police 99,785.36 97,600.00 (2,185.36)
Fire 22,981.71 37,650.00 14,668.29
Inspection Services 2,222.95 3,100.00 877.05
Public Employees' Retirement Association 20,329.42 20,100.00 (229.42)
Civil Defense 980.84 1 ,000.00 19.16
Dog Control 1,648.00 1,600.00 (48.00)
Weed Control 632.32 800.00 167. 68
Engineering 14,856. 77 16,550.00 1,693.23
Street 171,214.82 207,127.00 35,912.18
Sanitation 60,488.40 65,330.00 4,841. 60
Municipal Building 6,697. 68 11,000.00 4,302.32
Health 3,034. 75 4,500.00 1,465.25
Public Welfare 12,584.58' 8,500.00 (4,084.58)
Library 20,953.54 23,000.00 2,046.46
Recreation 42,683.06 42,950.00 266.94
Parks 35,148.43 33,000.00 (2,148.43)
Contingencies 22,423.85 68,451.00 46,027.15
Hennepin County Parks 1,367.10 2,100.00 732.90
Po
Totals $630,276.52 $733,958.00 p103,681.48
STRAND
& ROE
-19- EXHIBIT A-4
City of Hopkins
Hopkins, Minnesota
GENERAL FUND,- STATEMENT OF EXPENDITURES
For the Year Ended December 31, 1961
Appro- (Over)
Description Expenditures priations Under
COUNCIL:
Salaries:
Mayor $ 300.00 $ 300.00 $ -
Councilmen 358.00 400.00 42.00
Advertising and Publications 951.50 1,500.00 548.50
Travel and Subsistence 728.99 750.00 21.01
Subscriptions and Memberships 33.7.00 500.00 163.00
Total Council $ 2,675.49 $ 3,450.00 $ 774.51
MANAGER'S OFFICE:
Salaries:
City Manager $10,600.21
Regular 9,232.87
Part Time 1,702.81 21,535.89 22,500.00 964.11
Communication:
Telephone 1,297.37 1,500.00 202. 63
Postage 289. 63 300.00 10.37
Advertising and Publications 875.54 1,000.00 124.46
Travel and Subsistence 714. 75 1,200.00 485.25
Tuition and Registration 98.50 50.00 (48.50)
Equipment Maintenance 272.34 400.00 127. 66
Office Supplies 1,215.43 1,400.00 184.57
Subscriptions and Memberships 181. 72 150.00 (31. 72)
Equipment:
Electric Floor Polishing Machine
(1/2 Interest) $ 115. 71
2 Dr. Legal Size File 60.00
Vacuum Cleaner (Used) 30.00
A. B. Dick Mimeo. Machine 661,50
Addo-X Machine $295.00
Less: Clary Trade In 47.00 248.00
IBM Electric Typewriter 430.20
Coat Rack 10.00
Typing Stand 10.00
1962 Valiant 2 Door 1,723.00
IBM Electric Typewriter $432. 70
Less: Type. Trade In 45.00 387. 70 3.676.11 2,000.00 (1.676.11) po
STRAND
Total Manager's Office $ 30,157.28 $ 30,500.00 $ 342. 72 & ROE
MUNICIPAL COURT:
Salaries:
Judges $ 3,285.00 $ 4,000.00 $ 715.00
Clerk of Court 2,955.54 4,000.00 1,044.46
Court Officer 1,524.55 700.00 (824.55)
Temporary Services 1,044.55 1,000.00 (44.55)
Clerical 325.47 300.00 (25.47)
Communications:
Telephone 128. 60 225.00 96.40
Postage 87.82 50.00 (37.82)
Travel and Subsistence 220,00 100.00 (120.00)
-20- EXHIBIT A-4
Page 2
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31, 1961
Appro- (Over)
Description Expenditures priations Under
MUNICIPAL COURT: (Continued)
Equipment Maintenance $ 29.50 $ 25.00 $ (4.50)
Testing - 50.00 50.00
Office Supplies 599.07 600.00 .93
Equipment:
Royal Typewriter $135.00
Less: L. C. Smith Trade In 40.00 95.00 100.00 5.00
Total Municipal Court $ 10,295.10 $ 11,150.00 $ 854.90
ELECTIONS:
Temporary Services $ 916.09 $ 2,100.00 $ 1,183.91
Advertising and Publications 11.25 100.00 88. 75
Office Supplies 117. 70 300.00 182.30
Total Elections $ 1,045.04 $ 2,500.00 $ 1,454.96
CITY CLERK'S OFFICE:
Salaries:
Clerk $ 7,320.04 $ 7,320.00 $ ( .04)
Clerical 4,250. 66 730.00 (3,520.66)
Travel and Subsistence 4.25 100.00 95. 75
Tuition and Registration 7.00 25.00 18.00
Professional Services 1,090.00 1,500.00 410.00
Office Supplies 381. 60 400.00 18.40
Sundry 20.00 25.00 5.00
Total City Clerk's Office $ 13,073.55 $ 10,100.00 $ (2,973.55)
LEGAL SERVICES:
Salary - City Attorney $ 1,800.00 $ 1,800.00 $ -
Travel and Subsistence 48'.15 150.00 101.85
Professional Services 2,358.00 1,400.00 (958.00)
Office Supplies 2.55 75.00 72.45
Subscriptions and Memberships 67.50 75.00 7.50
Total Legal Service $ 4,276.20 $ 3,500.00 $ (776.20)
V
ASSESSING:
STRAND
Salaries: & ROE
Real Estate - Field $ 3,618.74 $ 4,900,00 $ 1,281.26
Real Estate - Office 5,881.11 5,000.00 (881.11)
Personal Property - Field 1,432.97 1,600.00 167.03
Personal Property - Office 1,292.89 1,000.00 (292.89)
Postage 142.24 300.00 157. 76
Advertising and Publications - 100.00 100.00
Travel and Subsistence 245.52 300.00 54.48
Tuition and Registration 48.00 200.00 152.00
Equipment Maintenance - 50.00 50.00
Office Supplies 298. 63 300.00 1.37
Subscriptions and Memberships 58.00 100.00 42.00
Equipment:
Polaroid Camera 95.00 - (95.00)
Total Assessing $ 13,113.10 $ 13,850.00 $ 736.90
-21- EXHIBIT A-4
Page 3
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31. 1961
Appro- (Over)
Description, E penditures priations Under
ZONING AND PLANNING:
Salaries $ 37.39 $ 300.00 $ 262. 61
Advertising and Publications 211.50 150.00 (61.50)
Travel and Subsistence - 200.00 200.00
Professional Services 3,166.24 2,400.00 (766.24)
Office Supplies 52.07 200.00 147.93
Subscriptions and Memberships 10.00 50.00 40.00
Equipment:
3-Drawer File Cabinet 78.95 - (78.95)
Total Zoning and Planning $ 3,556.15 $ 3,300.00 $ (256.15)
CHARTER COMMISSION:
Advertising and Publications $ 20.00 $ 50.00 $ 30.00
Printing 403.00 600.00 197.00
Professional Services - 100.00 100.00
Office Supplies - 50.00 50.00
Total Charter Commission $ 423.00 $ 800.00 $ 377.00
INSURANCE:
Fire $ 970.40 $ 900.00 $ (70.40)
Comprehensive Automobile 2,023.23 2,200.00 176. 77
Workmen's Compensation 8,180.40 6,800.00 (1,380.40)
Offici:ls' Bonds 454.00 550.00 96.00
Total Insurance $ 11,628.03 $ 10,450.00 $ (1,178.03)
POLICE:
Salaries:
Regular $ 73,622.05 $ 75,231.55 $ 1,609.50
Part Time 2,285.43 500.00 (1,785.43)
Vacation 4,639.07 3,385. 60 (1,253.47)
Holiday 3,448.44 3,682.85 234.41
Sick Leave 634.43 1,050.00 415.57
Communications:
Telephone 1,144.31 1,000.00 (144.31)
Postage 52.18 100.00 47.82
Radio 703.55 700.00 (3.55)
STRAND
Travel and Subsistence 292. 69 500.00 207.31 & ROE
Tuition and Registration 144.38 200.00 55. 62
Mileage 105.01 100.00 (5.01)
Maintenance of Equipment 1,065. 63 700.00 (365. 63)
Maintenance of Vehicles 2,426.50 2,000.00 (426.50)
Boarding Prisoners - Workhouse 1,832.92 1,500.00 (332.92)
Boarding Prisoners - Local 86.52 150.00 63.48
Professional Services 267.50 150.00 (117.50)
Towing 93.00 100.00 7.00
Office Supplies 376.91 700.00 323.09
Uniforms 989.22 1,000.00 10. 78
Gasoline and Oil 1,697. 72 1,800.00 102.28
Subscriptions and Memberships 34.50 50.00 15.50
-22- EXHIBIT A-4
Page 4
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31 1961
Appro- (Over)
Description Expenditures pions Under
POLICE: (Continued)
Equipment:
(2) 1962 Plymouths $4,812.00
Less (2) 1960 Plym. Trade Ins L330,00 $ 3,482.00 $ 2,400.00 $ (1,082.00)
Binoculars $ 24.33
(2) Polaroid Cameras 148.82
(3) 10# Extinguishers 188.25 361.40 600.00 238. 60
Total Police $ 99,785.36 $ 97,600.00 $ (2,185.36)
FIRE:
Salaries:
Fire Calls $ 9,009.00 $ 10,980.00 $ 1,971.00
Maintenance 1,020.00 1,020.00
Communication:
Telephone 1,801.22 1,930.00 128. 78
Radio 509.40 570.00 60. 60
Travel and Subsistence 640.00 500.00 (140.00)
Tuition and Registration 400.00 400.00
Maintenance of Equipment 1,113.34 1,100.00 (13.34)
Maintenance of Vehicles 264.59 1,200.00 935.41
Clothing 276-.00 300.00 24.00
Gasoline and Oil 269.32 1,000.00 730. 68
Hose Maintenance 665.00 1,000.00 335.00
Insurance 196.10 200.00 3.90
Subscriptions and Memberships 90.00 200.00 110.00
Fireman's Relief - Statutory 5,940.37 5,750.00 (190.37)
Equipment:
Electric Chainsaw $265.00
Less: McCulloch Trade In 80.00 $185.00
3 Cylinder Recharger 354.84
(3) Beacon Ray Lights 247.53 787.37 (787.37)
Fire Truck 11,500.00 11 500.00
Total Fire $ 22,981. 71 $ 37,650.00 $ 14,668.29
INSPECTION SERVICES:
Building Inspector $ 154.11 $ 500.00 $ 345.89
Fire Marshall 240.81 800.00 559.19 10°'
Electrical Inspector 1,784.88 1,600.00 (184.88)
License Inspector 40.50 (40.50)
Travel and Subsistence 50.00 50.00
Tuition and Registration 40.00 40.00
Office Supplies 2. 65 60. 00 57.35
Subscriptions and Memberships 50.00 50.00
Total Inspection Services $ 2,222.95 $ 3,100.00 $ 877.05
PUBLIC EMPLOYEES' RETIREMENT ASSOCIATION $ 20,329.42 $ 20,100,00 $ (229.42)
-23- EXHIBIT A-4
Page 5
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31 1961
Appro- (Over)
Description Expenditures priations Under
CIVIL DEFENSE:
Office Supplies $ 901.89 $ 900.00 $ (1.89)
Equipment:
3-Drawer File Cabinet 78.95 100.00 21.05
Total Civil Defense $ 980.84 $ 1,000.00 $ 19.16
DOG CONTROL:
Animal Rescue League $ 1,648,00 $ 1,500.00 $ (148.00)
Testing - 100.00 100.00
Total Dog Control $ 1,648.00 $ 1,600.00 $ (48.00)
WEED CONTROL:
Salaries $ 35.00 $ 100.00 $ 65.00
Weed Inspector 450.00 450.00 -
Advertising and Publications 19.32 20.00 . 68
Travel and Subsistence 2.00 10.00 8.00
Weed Spraying 126.00 220.00 94.00
Total Weed Control $ 632.32 $ 800.00 $ 167. 68
ENGINEERING:
Salaries:
Regular $ 11,108.57 $ 8,600.00 $ (2,508.57)
Part Time 3,197.81 6,800.00 3,602.19
Travel and Subsistence 30.00 160.00 130.00
Tuition and Registration 34.00 60.00 26.00
Maintenance of Equipment 5.70 70.00 64.30
Maintenance of Vehicles 37.53 150.00 112.47
Office Supplies 317.09 450.00 132.91
Gasoline and Oil 49.27 100.00 50. 73
Miscellaneous Supplies 59.55 120.00 60.45
Subscriptions and Memberships 17.25 40.00 22. 75
Total Engineering $ 14,856. 77 $ 16,550.00 $ 1,693.23
STREET - ADMINISTRATION:
Salaries: Po
Regular $ 14,839.41 $ 10,903.80 $ (3,935. 61) STRAND
Vacation 3,834.89 3,610.20 (224. 69) & ROE
Holiday 2,434.00 2,836.00 402.00
Sick Le ve 1,863.17 2,650,00 786.83
Telephone ` 226. 60 275.00 48.40
Utility Services 1,966.27 2,300.00 333. 73
Maintenance of Building 377. 62 400.00 22.38
Maintenance of Vehicles 14,121.53 9,100.00 (5,021.53)
Office Supplies 10.45 50.00 39.55
Gasoline and Oil 6,207.55 6,000.00 (207.55)
Miscellaneous Supplies 25,99 100.00 74.01
Shop Supplies 1,416.23 1,000.00 (416.23)
-24- EXHIBIT A-4
Page 6
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31, 1961
Appro- (Over)
IDescription Expenditures priations Under
STREET - ADMINISTRATION: (Continued)
Equipment:
Fuel Oil Service Station Pump $ 135.00
Rosco Vibropac Roller 1,975.00
Model 30 Cleanmaster 175.00
Speed-O-Matic Changer 50.00
8 1/2' Swenson Spreader $470.46
Less: 8' Spreader-Trade 175.00 295.46
2 Snow Plows 1,938.00
1,500 W Little Dynamo 97.65
Electric Chainsaw 130.50
Kal Tune Master 254.50
6" Vise 119.95
5 H.P. Air Compressor 499.00
1961 Chev. Truck $12,324.05
Less: 1953 Int'l 3,939.69 8,384.36
1961 Chev. Truck $12 ,324.05
Less: 1954 Int'l 3,939. 69 8,384.36
1961 Chev. Pick-up $ 2,540.00
Less: 1953 Ford Pick-Up 786.08 1,753.92
1961 Chevrolet 10,176.00
Less: Applied to 1960 Reserve (22,60040(2) $ 11,768. 70 $ 14,000.00 $ 2,231.30
Total Street - Administration $ 59,092.41 $ 53,225.00 $ (5,867.41)
STREET - STORM SEWER AND SIDEWALKS:
Salaries $ 2,928. 72 $ 5,000.00 $ 2,071.28
Sidewalk Maintenance 163.09 1,000.00 836.91
Culverts, Pipes and Supplies 830.89 1,000.00 169.11
Capital Outlay:
9 Mile Creek - Culverts $ 8,735.85
Ashley Road - Storm Sewer 14,095.34
Monroe - Land Fill 281.78
Harrison - Storm Sewer 12,059. 72 35,172. 69 45,352.00 10,179.31
Total Street - Storm Sewer and
Sidewalks $ 39,095.39 $ 52,352.00 $ 13,256. 61
STREET - STREET AND ALLEY:
Salaries $ 3,659. 63 $ 10,000.00 $ 6,340.37 STRAND
& ROE
Street Maintenance (2.84) 1,000.00 1,002.84
Contractual Materials 327.40 2,000.00 1,672. 60
Parking Lot Maintenance 86.40 2,000.00 1,913. 60
Miscellaneous Supplies 302.14 1,000.00 697.86
Digging Out 9 Mile Creek 176. 70 - (176. 70)
Total Street - Street and Alley $ 4,549.43 $ 16,000.00 $ 11,450.57
-25- EXHIBIT A-4
Page 7
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31 1961
Appro- (Over)
Description Expenditures priations Under
STREET - SNOW AND ICE REMOVAL:
Salaries $ 6,836.39 $ 9,000.00 $ 2,163. 61
Miscellaneous Supplies 17.50 200.00 182.50
Maintenance Materials 2,811.31 5,500.00 2,688. 69
Total Street - Snow and Ice Removal $ 9,665.20 $ 14,700.00 $ 5,034.80
STREET TRAFFIC SIGNS , SIGNALS AND MARKINGS:
Salaries $ 1,758.33 $ 2,000.00 $ 241. 67
Electrical Service 1,551.87 1,500.00 (51.87)
Maintenance of Traffic Signals 950.36 1,200.00 249. 64
Stripping 1,559. 64 1,000.00 (559.64)
Traffic and Street Signs 834.42 800.00 (34.42)
Total Street - Traffic Signs, Signals,
and Markings $ 6,654.62 $ 6,500.00 $ (154. 62)
STREET - STREET CLEANING:
Salaries $ 3,759.34 $ 4,500.00 $ 740.66
STREET - STREET LIGHTING AND TREE SERVICE:
Salaries $ 1,653.48 $ 2,000.00 $ 346.52
Electrical Service 19,814.36 21 ,000.00 1,185. 64
Maintenance of Lights 725.04 500.00 (225.04)
Tree Trimming and Spraying 2,198.20 3,000.00 801.80
Miscellaneous Supplies 94.45 300.00 205.55
Total Street - Street Lighting and
Tree Service $ 24,485.53 $ 26,800.00 $ 2,314.47
STREET - PATCHING:
Salaries $ 5,583.00 $ 5,000.00 $ (583.00)
Materials 6,868.37 8,000.00 1,131.63
Total Street - Patching $ 12,451.37 $ 13,000.00 $ 548.63
STREET - RESURFACING AND SEALING:
Salaries $ 1,259.18 $ 3,000.00 $ 1,740.82 101
Materials 10,202.35 17,000.00 6,797. 65 STRAND
Supplies - 50.00 50.00 & ROE
Total Street - Resurfacing and Sealing $ 11,461.53 $ 20,050.00 8,588.47
Total Street Department $171,214.82 $207,127.00 $ 35,912.18
-26- EXHIBIT A-4
Page 8
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31 1961
Appro- (Over)
PIACI-12.ti.°n Ex.enditures priations Under
GARBAGE PICKUP AND DUMP:
Salary - Administrative $ 5,84E7.13 $ 6,125.00 $ 278.87
Slaries - Pickup 31,973.89 30,000.00 (1,973.89)
Salaries - Dump 14,536. 71 17,878.00 3,341.29
Salaries - Vacation 1,584.12 1,513.00 (71.12)
Salaries - Holiday 1,070.53 1,284.00 213.47
Salaries - Sick Leave 290.55 1,200.00 909.45
Maintenance of Vehicles 1,436.00 1,500.00 64.00
Extermination 180.00 180.00 -
Dirt for Land Fill 1,157.50 3,000.00 1,842.50
Gasoline and Oil 2,331. 69 2,500.00 168.31
Miscellaneous Supplies 81.28 150.00 68.72
Total Garbage Pickup and Dump $ 60,488.40 $ 65,330.00 $ 4,841.60
MUNICIPAL BUILDING:
Salaries $ 1,890. 78 $ 2,100.00 $ 209.22
Utilities:
Gas 1,074.78 1,400.00 325.22
Electricity 1,351. 79 1,200.00 (151. 79)
Building Maintenance 1,840.05 6,000.00 4,159.95
Janitor Supplies 540.28 300.00 (240.28)
Total Municipal Building $ 6,697. 68 $ 11,000.00 $ 4,302.32
HEALTH:
Rural Nursing Service $ 2,834.75 $ 4,000.00 $ 1,165.25
Health Officer 200.00 400.00 200.00
Supplies - 100.00 100.00
Total Health $ 3,034.75 $ 4,500.00 $ 1,465.25
PUBLIC WELFARE:
County Relief Board - Relief $ 10,780.36 $ 7,300.00 $ (3,480.36)
County Relief Board - Administration 1,804.22 1_200.00 (604,11)
Total Public Welfare $ 12,584.58 $ 8,500.00 $ (4,084.58)
10°
PUBLIC LIBRARY: STRAND
Salaries - Administrative $ 4,659.88 $ 4,380.00 $ (279.88) & ROE
Salaries - Part Time 6,609. 60 7,885.00 1,275.40
Salaries - Custodian 2,052.32 2,100.00 47. 68
Communication:
Telephone 163.47 250.00 86.53
Postage 10.87 30.00 19.13
Utilities:
Gas 395.16 500.00 104.84
Electricity 463.44 400.00 (63.44)
Travel and Subsistence 134.77 150.00 15.23
Building Maintenance 666.46 200.00 (466.46)
Equipment Maintenance 3.90 30.00 26.10
Office Supplies 298.77 300.00 1.23
-27- EXHIBIT A-4
Page 9
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31 1961
Appro- (Over)
Description _ENR@LIOitures .riations Under
PUBLIC LIBRARY: (Continued)
Books and Periodicals $ 5,255.02 $ 5,400.00 $ 144.98
Miscellaneous Supplies 61.17 100.00 38.83
Subscriptions and Memberships 63.00 75.00 12.00
Equipment:
Electric Floor Polishing Machine
(1/2 Interest) 115,71 1 200.00 1 084,29
Total Public Library $ 20,953. 54 $ 23,000.00 $ 2,046.46
RECREATION:
Administrative:
Salaries $ 13,784.64 $ 14,800.00 $ 1,015.36
Telephone 261.00 275.00 14.00
Postage 161.06 75.00 (86.06)
Advertising and Publications 342.36 500.00 157.64
Travel and Subsistence 788.10 1,000.00 211.90
Tuition 4nd Registration 34.65 50.00 15.35
Office Supplies 210. 77 250.00 39.23
Miscellaneous Supplies 87.37 100.00 12. 63
Subscriptions and Memberships 85.00 50.00 (35.00)
Total Administrative $ 15,754.95 $ 17,100.00 $ 1,345.05
General Activities:
Junior and Midget Baseball $ 671.98 $ 500.00 $ (171.98)
Hockey Instruction 100.00 100.00
Miscellaneous Instruction 822.38 500.00 (322.38)
Gym Supervision 904.00 900.00 (4.00)
Total General Activities $ 2,398.36 $ 2,000.00 $ (398.36)
Playgrounds:
Instruction $ 7,062.99 $ 6,800.00 $ (262.99)
General Supplies 389.09 400.00 10.91
Craft Supplies 801.10 1,100.00 298.90
Athletic Supplies 473.85 500.00 26.15
Total Playground $ 8,727.03 $ 8,800.00 $ 72.97
Basketball:
Officiating $ 999.50 $ 800.00 $ (199.50)
Supervision 434.25 355.00 (79.25) STRAND
& ROE
Supplies 82. 65 50.00 (32. 65)
Trophies 145.42 160.00 14.58
Subscriptions and Memberships 35.00 35.00
Total Basketball $ 1,696.82 $ 1,400.00 $ (296.82)
-28- EXHIBIT A-4
Page 10
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31 1961
Appro- (Over)
Description Expenditures 2Liations Under
RECREATION: (Continued)
Softball:
Officiating $ 741.50 $ 675.00 $ (66.50)
Supervision 512.50 400.00 (112.50)
Electricity 386. 63 450.00 63.37
Supplies 122.45 100.00 (22.45)
Trophies 83. 70 75.00 (8. 70)
B,Als 196.00 200.00 4.00
Subscriptions and Memberships 159.00 100.00
Total Softball $ 2,201. 78 $ 2,000.00 $ (201. 78)
Skating Rinks:
Supervision $ 2,012.10 $ 2,400.00 $ 387.90
Electricity 202.37 200.00 (2.37)
Fuel 333.20 250.00 (83.20)
Supplies 195.37 100.00 (95.37)
Total Skating Rinks $ 2,743.04 $ 2,950.00 $ 206.96
Beach and Pool:
Instruction $ 3,264.55 $ 2,700.00 $ (564.55)
Guarding 4,170.00 4,200.00 30.00
Parking Lot Attendants 774.17 1,100.00 325.83
Telephone 89.91 150.00 60.09
Electricity 166.92 50.00 (116.92)
Supplies 695.53 500.00 (195.53)
Total Beach and Pool $ 9,161.08 $ 8,700.00 $ (461.08)
Total Recreation $ 42,683.06 $ 42,950.00 $ 266.94
PARKS:
Salaries $ 9,465.59 $ 9,000.00 $ (465.59)
Building Maintenance 530.41 500.00 (30.41)
Equipment Maintenance 914.16 600.00 (314.16)
Skating Rink Maintenance 4,105.05 3,600.00 (505.05)
Supplies 1,233.22 2,500.00 1,266. 78
Maintenance and Contractual Service 1,098. 79 1,100.00 1.21
Miscellaneous 4,778.56 5,000.00 221.44
Equipment:
Portable Amplifier $ 66.50 STRAND
20" Rotary Mower 89.95 ROE
6 Folding Tables 248.40
Wagner Loader for Cub Tractor 125.00
1952 Chevrolet 1/2 Ton Truck 170.00
Model F Tractor 4,663.40
Fountains - Burns Park 410.10
8 Picnic Tables 348.88
2 Lots 81. 3 West Mpls. III 2,025.00
Lights - Alice Smith Park 190.00
Snow Sweeping Broom 1,163.50
1961 Chev. 3/4 Ton $4,693.95
Less: 1950 Chev. 1/2 T. 1,172.03 3,521.92 13 022.65 10,700.00 (1,1ZWJ5
Total Parks $ 35,148.43 $ 33,000.00 $ (2,148.43)
-29- EXHIBIT A-4
Page 11
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - STATEMENT OF EXPENDITURES
For the Year Ended December 31 1961
Appro- (Over)
Description Expenditures PE1411-2PA Under
CONTINGENCIES:
Sanitary Sewer Survey $3,000.00
Flood Damage - Feld 350.00
Car Damage - Stresnak 75,00
Injury Claim - Jensen 25.00
Injury Claim - Madden 35. 70
Car Damage - Kirkeeide 5.50 $ 3,491.20 $ 10,000.00 $ 6,508.80
Exam. Land Title 25.00 15,000.00 14,975.00
Real Estate Taxes on City Property $ 435.45
Assessments on City Property 735.57 1,171.02 2,500.00 1,328.98
Surplus Transfers 30,951.00 30,951.00
Reserve for Uncollectible Taxes 10,000.00 10,000.00
P.I.R. Expenditures:
Engineering Fees $12,483.00
Payroll-Hearing Notices-Portage 2,762.11 15,245. 11 (15,245.11)
Right of Way Property:
Payroll $ 1,203.32
Concrete Pipe 1,288.20 2,491.52 - 12,491.52)
Total Contingencies $ 22,423.85 $ 68,451.00 $ 46,027.15
HENNEPIN COUNTY PARKS 1,367.10 2,100.00 732.90
Grand Totals $630,276.52 $733,958.00 $103,681.48
V
STRAND
& ROE
-30- EXHIBIT A-5
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - PARKING FUND RESERVES
OPERATING STATEMENTS
For the Year Ended December 31 , 1961
On Street Off Street Parking
Description Parking Parking Violations Total
STATEMENT OF REVENUES
Meter Collections $6,322.80 $ $ $6,322.80
Special Parking Stickers 1,279.00 1,279.00
Violations 1,071. 90 1,071.90
Total Revenues $6,322.80 $1,279.00 $1,071.90 $8,673. 70
STATEMENT OF EXPENDITURES
Labor $4,043.54 $ 458.35 $ $4,501.89
Supplies 38.99 38.99
Parts 28. 34 28.34
Meter School 7.05 7.05
Coin Counting 67.50 67.50
Medical 5.00 5.00
Refunds 18.00 18.00
Printing 33.00 33.00
Stripping Lots 159.48 159.48
Transfer to General Revenue 2,020.05 (2,587.00) 3,566.95 3,000.00
Total Expenditures $6,210.47 ($1,918.17) $3,566.95 $7,859.25
ko
STRAND
& ROE
-31- EXHIBIT A-6
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - PROPERTY RENTAL RESERVE
OPERATING STATEMENT
For the Year Ended December_31 , 1961
STATEMENT OF REVENUES
Actual
Description Revenue
Shady Oak Properties:
House $ 550.00
Cement Block House
Basement House 720.00
Bren Land
City Properties:
22 - 8th Avenue North 720.00
Total Revenues $1,990.00
STATEMENT OF EXPENDITURES
Shady Oak House:
Paint $ 35.24
Real Estate Taxes 106.20 $ 141.44
Shady Oak Basement House:
Labor $ 58.46
Well Repair 460.20
Sewer Repair 46.00
Fencing 40.00
Real Estate Taxes 132.20 736.86
22 - 8th Avenue North:
Labor $ 55.38
Paint and Supplies 49.40
Clothes Poles 17.95
Plumbing Repair 19.48
Real Estate Taxes 292.30 434.51
V
Transfer to General Revenue 1 00M0 STRAND
& ROE
Total Expenditures $2,312.81
-32- EXHIBIT A-7
City of Hopkins
Hopkins, Minnesota
GENERAL FUND - RECREATION: SELF-SUSTAINTNG RESERVES
OPERATING STATEMENTS
For the Year Ended December,31 1961
Soft Drink Beach Con-Beach Trans- Swimming Recreation
Descri !Q ppensers cession p2Itilltaa Pool Classes Total
STATEMENT OF REVENUES
Receipts $1,125.92 $ $2,335.50 $4,022. 66 $ $ 7,484.08
Concession Sales 6,155.57 6,155.57
Merchandise Refunds 149. 73 149. 73
Classes:
Skating 154.50 154.50
Dancing 823.00 823.00
Cake Decorating 155.00 155.00
Millinery 136.50 136.50
Bridge 145.00 145.00
Tap and Ballet 347.00 347.00
Golf 556.00 556.00
Sewing 151.00 151.00
Christmas Crafts 48.00 48.00
Art 210.00 210.00
Flower Arrangement 490.00 490.00
Mosv.ics 136.00 136.00
Free Exercise 64.50 64.50
Total Revenues 1.1,125.92 $6,305.30 $2,335.50 $4.022. 66 $3,416.50 $17,205.88
STATEMENT OF EXPENDITURES
Salaries $1,630. 60 $ $3,924.91 $ $ 5,555.51
Merchandise and Supplies 1,155.37 3,447.43 32.83 4,635. 63
Rent 43.00 1,542.50 26.00 1,611.50
Licenses 5.00 5.00
Laundry 57.81 57.81
Utilities 19.50 19.50
Fixed Assets:
Cash Register 95.00 95.00
Soft Drink and Flake
Ice Machine 1,719.09 1,719.09
Refunds 3.00 3.00
Instruction:
Skating 65.00 65.00
fr•
Dancing 926.00 926.00
Cake Decorating 115.50 115.50 STRAND
& ROE
Millinery 220.00 220.00
Bridge 120.00 120.00
Tap and Ballet 300.00 300.00
Golf 540.00 540.00
Sewing 180.00 180.00
Christmas Crafts 75.00 75.00
Art 180.00 180.00
Flower Arrangement 422.00 422.00
Mosaics 60.00 60.00
Totri. Expenditures $1,198.37 $6,974.43 $1,542.50 $3,960. 74 $3,229.50 $16,905.54
WATER UTILITY FUND
STRAND
& ROE
-33- EXHIBIT B
City of Hopkins
Hopkins, Minnesota
WATER UTILITY FUND
BALANCE SHEET
As At Deceober 31 1961
ASSETS
Treasurer's Cash $ 18,887.00
Petty Cash 100.00
Funds in Hands of Fiscal Agents 6,436.50
Investments 72,172.18
Accounts Receivable 9,710.53
Accrued Interest Receivable 31.42
Due from Other Funds 202.80
Inventory 6,226.94
Fixed Assets:
Land $ 4,725.20
Wells, Tanks, and Mains $1,264,866.45
Meters 7,846.33
Office Equipment 1,577. 10
Sundry Equipment 98. 75
Vehicles 8 291.59
$1,282,680.22
Less: Allowance for Depreciation 186 298.41 1,096,381.81
Total Fixed Assets 1,101,107.01
Total Assets $1,214,874.38
LIABILITIES AND SURPLUS
Accounts Payable $ 1,294.54
Accrued Payroll 568.02
Matured Bonds and Interest 6,436.50
Due to Other Funds 50.00
Bonds Payable 325,000.00
Interest Payable 92,671.50
Surplus - Current 105,518.31
Surplus - Invested in Fixed Assets 683,335,5l lo°
STRAND
Total Liabilities and Surplus 11,214,874.38 & ROE
-34- EXHIBIT B-1
City of Hopkins
Hopkins, Minnesota
WATER UTILITY FUND
ANALYSIS OF CHANGES IN SURPLUS
For the Year Ended December 31 1961
SURPLUS - CURRENT
BALANCE - DECEMBER 31 1960 $ 77,855.93
ADDITIONS:
Revenues per Accompanying Statement $119,456.27
Adjust Inventory 941.34
Book Value on Trade Due from Sewer Fund 50.00 120,447. 61
$198,303.54
DEDUCTIONS:
Expenditures per Accompanying Statement 92 785.23
BALANCE - DECEMBER 31, 1961 $105,518.31
SURPLUS - INVESTED IN FIXED ASSETS
BALANCE - DECEMBER 31, 1960 $670,924.81
ADDITIONS:
Current Surplus $ 4,700.44
Special Assessments 2,815.44
Bond and Interest Payments 31,998.00 39,513.88
$710,438. 69
DEDUCTIONS:
Depreciation for the Year $ 27,053. 18
Half Book Value on Trade to Water Fund 50.00 27,103.18
BALANCE - DECEMBER 31 1961 $683,335.51
STRAND
& ROE
-35- EXHIBIT B-2
City of Hopkins
Hopkins, Minnesota
WATER UTILITY FUND
STATEMENT OF REVENUES
For the Year Ended December 31, 1961
Actual Estimated Over
Revenue Revenue Revenue (Under)
Service $136,460.18
Less: Transfer to Sewer Utility 20,469.03 $115,991. 15 $96,200.00 $19,791.15
Other Income:
Connection Charges $ 100.00
Miscellaneous 304.49
Materials Used - Wayside Road j270.93 1,675.42 1 ,000.00 675.42
Interest on Investments . L789. 70 400.00 1,389. 70
Totals $119,456.27 $97,600.00 $21 ,856.27
vo
STRAND
& ROE
-36_ EXHIBIT B-3
City of Hopkins
Hopkins, Minnesota
WATER UTILITY
STATEMENT OF EXPENDITURES
Forthe Year Ended December 31 I961
Expeodl- Apyro- (Over)
tures priations Under
ADMINISTRATIVE:
Salaries $ 8,477.05 $ 9,250.00 $ 772.95
Vacation Pay 632.82 1,300'00 867.18
Holiday Pay 720.91 900'00 179.09
Sick Leave 625.98 650'00 24.02
Conmmnoicatinoe:
Telephone 317.04 350.00 32.96
Postage 259.85 325.00 65.15
Radio 104.40 125'00 20. 60
Travel 27, 72 50.00 22.28
Tuition 3'00 50.00 47.00
Equipment Maintenance 355.90 200.00 (155.90)
Vehicle Maintenance 213. 77 500.00 286.23
Audit 700.00 708.08 -
Office Supplies 493. 69 300.00 (193, 89)
Vehicle Gasoline and Oil 513.36 600.00 86. 64
Fire Insurance 441.04 500.00 58,96
Automobile Insurance 176.98 250.00 73.02
Workmen's Compensation Insurance 864.39 500.00 (364.39)
Subscriptions and Memberships 31'00 25'00 (6.00)
Retirement Contribution 1,900.80 1,900'00 -
Capital Outlay:
1961 Ford F-250 $2,097.00
Lawn Mower 65.00
Oil Tank 33. 75 2,195.75 4,800.00 2,604.25
General Fund Overhead 8,000'00 - (8,000.00)
Total Administrative $27,054. 65 A23,275.00 ($3,779. 65)
PUMPS D WELLS:
Salaries $ 5,767. 78 $ 7,100.00 $1,332,22
Heat 2,258.30 2,800.00 1,541. 70
Electricity 10,983.52 I1,000'00 16.48
Miscellaneous Supplies 20.52 200.00 179.48
Maintenance and Construction Materials 1,172, 70 1,500.00 327'30
Chemical Supplies 226. 15 1,000,00 773.85
V
Total Pumps and Wells $20,428.97 $24,600'00 $4,171'03 STRAND
8r ROE
DISTRIBUTION:
Salaries $ 5,633.59 $ 7,500.00 $1,866.41
Meter Inspection 141. 74 300.00 158'26
Meter Reading - Payroll I,716. 76 3,000.00 1,283.24
Miscellaneous Supplies 43.51 I00'00 56.49
Maintenance and Construction Supplies:
Servicing Tower and Reservoir $1,495'00
Other 1 112,32 2,807'32 3,000'00 392. 68
Hydrants 528.83 I,000'00 471.17
Meters __'2,576,87 2 300.00 (276.87)
Total Distribution $13,248.62 $17,200.00 $3,951.38
-37- EXHIBIT B73
Page 2
City of Hopkins
Hopkins, Minnesota
WATER UTILITY FUND
STATEMENT OF EXPENDITURES
For the Year Ended December 31 1961
Expendi- Appro- (Over)
Description tures priations Under
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 4,478.00 4,478.00
Issue of 6-1-57 7,520.00 7,520.00
Fiscal Agent Charges 54.99 (54.99)
Total Debt Retirement 121,212,22 $31,998.00 $ (54.99)
Grand Totals $92,785.23 $97,073.00 $4,287. 77
po
STRAND
& ROE
-38- EXHIBIT B-4
City of Hopkins
Hopkins, Minnesota
WATER UTILITY FUND
FIXED ASSETS AND DEPRECIATION
As At December 31 1961
Allowance for Depreciation
Balance Deprec. Balance
Date Description Cost Rate 12-31-60 1961 12-31-61
12-31-60 Land $ 4,725.20
12-31-61 4,725.20
12-31-60 Wells, Tanks, Mains,
and Equipment $1,262,051.01 27, $154,425.68
Special Assessments 2,815.44
12-31-61 Balance $1,264,866.45 $25,269.17 $179,694.85
12-31-60 Meters $ 5,341. 64 107, 848.02
Current Surplus 2504. 69
12-31-61 Balance $ 7,846.33 659.37 1,507.39
12-31-60 Office Equipment $ 1,577.10 107, 561.14
12-31-61 1,577.10 157. 72 718.86
12-31-60 Sundry Equipment $ - 10%0 -
Current Surplus:
Lawn Mower 65.00
Oil Tank 33. 75
12-31-61 Balance $ 98. 75 4.93 4.93
12-31-60 Vehicles:
Power Digger (1/2) $ 2,539.03 107. 1,650.36 253. 90 1,904.26
Chevrolet 969.09 2570 969.09 - 969.09
Int'l Pickup 1,237. 73 1,237. 73 - 1,237. 73
Traded (1,237. 73) (1,237. 73)
1959 Ford F-100 (1/2) 737.47 20% 221.24 147.49 368. 73
Worthington
Compressor (1/2) 1,899.00 2070 569. 70 379. 60 949.30
1,1
1961 Ford F-250 2,147.00 181.00 181.00
STRAND
& ROE
12-31-61 Balance $ 8,291.59 14,648.12 $ 961.99 14,372.38
Totals $1,287,405.42 $160,482.96 $27,053.18 $186,298.41
-39- EXHIBIT B-5
City of Hopkins
Hopkins, Minnesota
WATER UTILITY FUND
REVENUE BONDS
As At December 31 1961
Water Water
Revenue Revenue Total
DATE OF ISSUE 6- 1-54 6- 1-57
MATURITY DATE June 1 June 1
INTEREST RATE 2.5/2.9/3.0% 4.0/4.3/4.57
BONDS PAYABLE: 1962 $ 10,000.00 $ 10,000.00 $ 20,000.00
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 $155,000.00 $170,000.00 $325,000.00
FUTURE INTEREST: 1962 $ 4,228.00 $ 7,120.00 $ 11,348.00
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 v
1972 968.50 2,925.00 3,893.50
1973 585.00 2,475.00 3,060.00 STRAND
& ROE
1974 195.00 2,025.00 2,220.00
1975 1,350.00 1,350.00
1976 450.00 450.00
Total Future Interest $ 30,631.50 $ 62,040.00 $ 92,671.50
-40- EXHIBIT B76
City of Hopkins
Hopkins, Minnesota
WATER UTILITY FUND
ACCRUAL OPERATING STATEMENT
For the Year Ended December 31, 1961
OPERATING INCOME:
Water Sales $136,460.18
Less: Allocation to Sewer Utility 20,469.03 $115,991.15
Other Receipts _L675.42
Operating Income $117,666.57
OPERATING EXPENSES:
Salaries $ 23,574.89
Utilities:
Heat 2,258.30
Electricity 10,983.52
Communication 681.29
Vehicles and Equipment:
Maintenance 569.67
Gasoline and Oil 513.36
Office Supplies and Expense 496. 69
Audit 700.00
Insurance 1,482.41
Travel 27. 72
Subscriptions 31.00
Retirement Contribution 1,900.00
Overhead Charge - General Fund 8,000.00
Servicing Reservoir and Tower 1,495.00
Maintenance and Supplies 869.27
Maintenance and Supplies - Mains and Hydrants 1,365. 60
Meter Inspection 141. 74
Depreciation 27,053.18
Total Operating Expenses 82,143.64
Net Operating Income $ 35,522.93
OTHER INCOME:
Interest Earned $ 1,789. 70
Sundry Refund 50.00 1,839. 70
$ 37,362. 63
OTHER DEDUCTIONS: STRAND
& ROE
Bond Interest $ 11,943.84
Bond Service Charges 54.99 11 998.83
Net Income for the Year $ 25,363.80
SEWER UTILITY FUND
STRAND
& ROE
-41- EXHIBIT C
City of Hopkins
Hopkins, Minnesota
SEWER UTILITY FUND
BALANCE SHEET
As At December 31, 1961
ASSETS
Treasurer's Cash $ 60,908.04
Investments 30,000.00
Accounts Receivable 7,099.31
Inventory 187.00
Deposit With Bond Retirement Fund 2,497.80
Due from Other Funds 6,617. 60
Fixed Assets:
Pumps and Mains $1,120,173.29
Equipment 1,027. 77
Vehicles 21,184.06
$1,142,385.12
Less: Allowance for Depreciation 226,162.39 916 222. 73
Total Assets $1,023,532.48
LIABILITIES RESERVES AND SURPLUS
Accounts Payable $ 5,753. 63
Accrued Payroll 310.39
Due City of Minneapolis 2,810.41
Bonds Payable 52,000.00
Interest Payable 2,925.00
Due to Bond Retirement Fund 101,892.00
Surplus - Current 98,385.32
Surplus - Invested in Fixed Assets 759,455i
Total Liabilities, Reserves, and Surplus $1,023,532.48
I-
STRAND
& ROE
-42- EXHIBIT C-1
City of Hopkins
Hopkins, Minnesota
SEWER UTILITY FUND
ANALYSIS OF CHANGES IN SURPLUS
For the Year Ended December 31, 1961
SURPLUS - CURRENT
BALANCE - DECEMBER 31, 1960 $ 93,017.05
ADDITIONS:
Revenues per Accompanying Statement 111,174.50
$204,191.55
DEDUCTIONS:
Expenditures per Accompanying Statement $105,752.23
Adjust Inventory 4.00
Charge Off - Accounts Receivable 50.00 105,806.23
BALANCE - DECEMBER 31, 1961 $ 98,385.32
SURPLUS - INVESTED IN FIXED ASSETS
BALANCE - DECEMBER 31. 1960 $739,685.01
ADDITIONS:
Current Surplus $17,392. 66
Bond and Interest Payments 30,483.50
Deposit with Bond Retirement Fund 801.05
Adjust Interest Payable on Bond Issue of 1945 1,000.00 49,677.21
$789,362.22
DEDUCTIONS:
Depreciation for the Year 29,906.49
BALANCE - DECEMBER 31, 1961 $759,455.73 ti
STRAND
& ROE
-43- EXHIBIT C-2
City of Hopkins
Hopkins, Minnesota
SEWER UTILITY FUND
STATEMENT OF REVENUES
For the Year Ended December 31, 1961
Actual Estimated Over
Revenue Revenue Revenue (111.12)
Service $ 86,992.57 $80,000.00 $ 6,992.57
Transfer from Water Utility 20,469.03 16,800.00 3,669.03
Connection Charges 2,563.00 2,500.00 63.00
Investment Income 1,149.90 - 1,149.90
Totals $111,174.50 $99,300.00 $11,874.50
po
STRAND
& ROE
-44- EXHIBIT C-3
City of Hopkins
Hopkins, Minnesota
SEWER UTILITY FUND
STATEMENT OF EXPENDITURES
For the Year Ended December 31, 1961
Expendi- Appro- (Over)
Description tures priations Under
ADMINISTRATIVE:
Salaries $ 7,150.17 $ 8,100.00 $ 949.83
Vacation Pay 611.23 900.00 288. 77
Holiday Pay 395.46 600.00 204.54
Sick Leave 528.22 400.00 (128.22)
Communications:
Telephone 122.28 50.00 (72.28)
Postage 253.81 350.00 96.19
Radio 110.35 150.00 39. 65
Equipment Maintenance 32.35 50.00 17. 65
Vehicle Maintenance 675.26 400.00 (275.26)
Audit 700.00 700.00 -
Office Supplies 470. 78 300.00 (170. 78)
Vehicle Gasoline and Oil 535.54 600.00 64.46
Miscellaneous Supplies 205.00 300.00 95.00
Fire Insurance 235.84 300.00 64.16
Automobile Insurance 79.06 100.00 20.94
Workmen's Compensation Insurance 609.50 600.00 (9.50)
Subscriptions and Memberships 12.00 25.00 13.00
Retirement Contribution 1,100.00 1,100.00 -
Capital Outlay:
Remodel Minnehaha Lift Station $14,715.11
Concrete Wells-West Park Lift
Station 525. 75
1961 Ford F-250 2,097.00
Vacuum Cleaner 30.00
Oil Tank 24.80 17,392. 66 6,450.00 (10,942. 66)
General Fund Overhead 7,00Q.00 - (7,000.00)
Total Administrative $ 38,219.51 $21,475.00 ($16,744.51)
LIFT STATION:
Salaries $ 8,079.26 $ 7,700.00 $ (379.26)
Heat 290.94 400.00 109.06
Electricity 5,409.95 5,000.00 (409.95)
Equipment Maintenance 1,782.18 1,500.00 (282.18) V
Supplies 51.26 100.00 48. 74
STRAND
Maintenance and Construction Material 91. 66 200.00 108.34 & ROE
Chemical Supplies 510.59 700.00 189.41
Total Lift Station $ 16,215.84 $15,600.00 $ (615.84)
MAINTENANCE AND DISPOSAL:
Salaries $ 2,618.06 $ 2,400.00 $ (218.06)
Sewer Disposal Charge 12,477.34 19,000.00 6,522. 66
Sewer Pipe Cleaning 5,433.20 - (5,433.20)
Miscellaneous Supplies 46.22 100.00 53. 78
Maintenance and Construction Materials 139.98 700.00 560.02
Inspection 96.33 300.00 203. 67
Total Maintenance and Disposal $ 20,811.13 $22,500.00 $ 1,688.87
-45- EXHIBIT C-3
Page 2
City of Hopkins
Hopkins, Minnesota
SEWER UTILITY FUND
STATEMENT OF EXPENDITURES
For the Year Ended December 31 1961
Expendi- Appro- (Over)
Description tures priations Under
DEBT 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 1,462.50 1,662.00 199.50
Issue of 9- 1-58 (Debt Retirement Fund) 3,021.00 3,823.00 802.00
Fiscal Agent Charges 22,25 (22.25)
Total Debt Retirement $ 30,505. 75 $31,485.00 $ 979.25
Grand Totals $105,752.23 $91,060.00 ($14,692.23)
V
STRAND
& ROE
-46- EXHIBIT C-4
City of Hopkins
Hopkins, Minnesota
SEWER UT IL ITY FUND
FIXED ASSETS AND DEPRECIATION
As At December 31 1961
Allowance for De,reciation
Balance Deprec. Balance
Date Description Cost Rate 12-31-60 1961 12-31-61
12-31-60 Pumps, Mains, etc. $1,104,932.43 2 1/2% $181,889.32
Current Surplus:
Minnehaha Lift Station 14,715.11
West Park Lift Station 525. 75
12-31-61 Balance $1,120,173.29 $27,687.06 $209,576.38
12-31-60 Office Equipment $ 972.97 10% 334.51
Vacuum Cleaner 30.00
Oil Tank 24.80
12-31-61 Balance $ 1,027. 77 100.04 434.55
12-31-60 Vehicles and Other:
Power Digger
(1/2 Cost) $ 2,470.03 10% 1,605.51 247.00 1,852.51
Chevrolet 1/2 Ton 1,298.00 25% 1,298.00 - 1,298.00
1954 Int'1 Pickup 1,237. 73 1,137. 73 - 1,137. 73
Traded (1,237.73) (1,137. 73)
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 204.20 153.15 51.05 204.20
Rodding Machine 3,980.00 2,487.50 995.00 3,482.50
Electric Motor 473.00 295. 62 118.25 413.87
1959 Ford F-100
(1/2 Cost) 737.48 20% 221.24 147.49 368. 73
Worthington Compressor
(1/2 Cost) 1,898.00 569. 70 379. 60 949.30
1961 Ford F-250 2,147.00 - 181.00 181.00 po
STRAND
12-31-61 Balance $ 21,184.06 $ 15.169.80 $ 2,119.39 1_16 151.46 & ROE
Totals $1,142,385.12 $197,393.63 $29,906.49 $226,162.39
-47- EXHIBIT C-5
City of Hopkins
Hopkins, Minnesota
SEWER UTILITY FUND
REVENUE BONDS
As At December 31. 1961
Bonds Interest Total
DATE OF ISSUE: 12-1-45
MATURITY DATE: December 1
INTEREST RATE: 2.257
PAYABLE:
1962 $13,000.00 $1,170.00 $14,170.00
1963 13,000.00 877.50 13,877.50
1964 13,000.00 585.00 13,585.00
1965 13,000.00 292.50 13,292.50
Totals $52,000.00 $2,925.00 $54,925.00
V
STRAND
& ROE
-48- EXHIBIT C-6
City of Hopkins
Hopkins, Minnesota
SEWER UTILITY_FUND
ACCRUAL OPERATING STATEMENT
For the Year Ended December 31 1961
OPERATING INCOME:
Sewerage Disposal Charges $86,992.57
Allocation from Water Utility 20,469.03
Connection Charges 2,563.00
Operating Income $110,024. 60
OPERATING EXPENSES:
Salaries $19,382.40
Utilities:
Heat 290.94
Light and Power 5,409.95
Communication 486.44
Vehicles and Equipment:
Maintenance 2,489. 79
Gasoline and Oil 535.54
Office Supplies and Expense 675. 78
Audit 700.00
Insurance 924.40
Retirement Contribution 1,100.00
Sewerage Disposal Charges 12,477.34
Maintenance and Supplies 6,276.91
Overhead Charge - General Fund 7,000.00
Inspection 96.33
Subscriptions and Memberships 12.00
Depreciation 29,906.49
Total Operating Expenses 87,764.31
Net Operating Income $ 22,260.29
OTHER INCOME:
Interest Income 1,149.90
$ 23,410.19
OTHER DEDUCTIONS:
Interest $ 5,106.03 v
STRAND
Bank Service Charges 22.25 & ROE
Bad Debts 50.00 5,178.28
Net Income for the Year $ 18,231.91
PERMANENT IMPROVEMENT REVOLVING FUND
V
STRAND
S ROE
-49- EXHIBIT D
City of Hopkins
Hopkins, Minnesota
PERMANENT IMPROVEMENT REVOLVING FUND
BALANCE SHEET
As At December 31, 1961
ASSETS
Treasurer's Cash $ 51,935. 07
Investments 150,458.35
Assessments Receivable 753,607.13
To Be Assessed 512,700.56
Accounts Receivable 559.89
Accrued Interest Receivable 656,25
Due from Other Funds 6,829.07
Work In Process 183,606.54
Total Assets $1,_660,352.86
LIABILITIES, RESERVES , AND SURPLUS
Projects Authorized $ 512,700.56
Fund Balance 830,000.00
Surplus - Unappropriated 317,652.30
Total Liabilities, Reserves, and Surplus $1,660,352.86
V
STRAND
& ROE
-50- EXHIBIT D-1
City of Hopkins
Hopkins, Minnesota
PERMANENT IMPROVEMENT_._REVOLVING FUND
ANALYSIS OF CHANGES IN SURPLUS
BALANCE - DECEMBER 31, 1960 $313,894. 69
ADDITIONS:
Revenues per Accompanying Statement $169,623.06
Interest on Current Year Assessments 9,488.86 179,111.92
$493,006. 61
DEDUCTIONS:
Applied to Assessments Receivable $166,222.46
County Auditor Fees 174.90
Loss of Interest on Prepayments 8,594. 78
Loss of Interest on City Property 362.17 175,354.31
BALANCE - DECEMBER 31. 1961 $317,652.30
•
STRAND
& ROE
-51- EXHIBIT D-2
City of Hopkins
Hopkins, Minnesota
PERMANENT IMPROVEMENT REVOLVING FUND
STATEMENT OF REVENUES
For the Year Ended December 31. 1961
Actual
pescription Revenue
Tax Settlements $133,275.56
Collections by City 32,946.90
Interest on Investments 3,400. 60
Total Revenues $169,623.06
V
STRAND
& ROE
-52- EXHIBIT D-3
City of Hopkins
Hopkins, Minnesota
PERMANENT IMPROVEMENT REVOLVING FUND
ASSESSMENTS RECEIVABLE
As At December 31, 1961
BALANCE - DECEMBER 31, 1960 $874,914.16
ADD:
Assessments Completed 55,022. 79
$929,936.95
DEDUCT:
County Collections $133,275.56
City Collections 32,946.90
Interest Cancelled by Prepayment 8,594. 78
Cancellation of Assessments on City Owned Property 1,512.58 176,329.82
BALANCE - DECEMBER 31, 1961 $753,607.13
V
STRAND
& ROE
-53-
City of Hopkins
Hopkins, Minnesota
PERMANENT IMPROVEMENT REVOLVING FUND
CONSTRUCTION COSTS
For the Year Ended December 31, 1961
Construction Payments Adminis- Eliminated
Project In Progress Current trative or
Location Number 12-31-60 Year Overhead Transferred
BLACKTOP:
West Excelsior Ave. 606 $ 283.00 $ 38.40 $ 117.29 $
Campbell West 828 (2.00) 2.00
Campbell Third 908 5,014. 77 2,652.51 -
Alley Block 76, West Mpls. II 001 398. 76 48.95 7.35
Alley Block 82, West Mpls. II 005 830. 79 113. 71 17.06
12th Avenue So. 006A 5,150.51 (608. 70) (91.31)
Van Buren - 1st and 2nd So. 007 5,280. 65 (1,366.87) (205.03)
21st Avenue No. 008 - 2,576.58 386.49
1st Street No. 009 - 286.02 42.90
Jackson Avenue No. 012 - 3,514.41 527.16
Boyce Avenue 018 - 2,609. 73 391.46
Goodrich Avenue 019 - 5,353. 75 803.06
Oakwood Avenue 020 - 3,483.20 522.48
Holly Road 021 - 5,125. 69 768.85
Ashley Road 022 99. 77 7,670. 67 1,150. 60
9th Ave. No. - 1st to Excelsior 028 - - -
9th Ave. So. - P.O. to Excelsior 031 - - -
Alley Block 2, West Mpls. 033 - 779.18 116.88
5th Street So. 038 6,600.25 2,054. 70 (405.19)
2nd St. No. - Tyler to Monroe 044 4,936.51 1,016.98 475.26
Alley Block 107, West Mpls. II 045 - - -
Alley Block 65, West Mpls. II 050 - - -
6th Avenue No. 055 - - -
3rd Street No. 102 - 1,465.86 219.88
St. Louis Street 103B - 3,967.27 595.09
Alley - 17th to 18th 124 - - -
Monroe - 1st to 2nd 127 - 252.19 37.83
3rd St. So. - Wash. to 5th St. 129 - 5,340.82 801.12
1st Ave. and 1st St. No. 131 - 2,146.27 321.94
Drillane 133 - 884.28 132. 64
PAVING - RECONSTRUCTION:
Excelsior Avenue 701 1,645. 78 - -
CURB:
Lot 22, Block 1, West Mpls. 823 - 148.20 22.23
SIDEWALKS:
West Side of 14th-3rd to 4th 126 - 1,705. 77 255.87
30 - 8th Avenue So. 135 - 398. 67 59.80
-53- EXHIBIT D-4
Interest Assessed Construction Projects Contracts
and Fee Property City In Progress Authorized Payable
Charges Total Owners Share 12-31-61 12-31-61 12-31-61
$ $ 438.69 $ $ $ 438. 69 $ 3,304.35 $
1,475.61 9,142.89 9,007.96 134.93 -
89. 76 544.82 544.82 - -
193. 70 1,155.26 1,155.26 - -
872.22 5,322. 72 5,322. 72 - -
729.02 4,437. 77 4,437. 77 - -
2,963.07 2,963.07 4,488.00
328.92 328.92 2,242.00
4,041.57 4,041.57 3,818.00
3,001.19 3,001.19 3,974.00
6,156.81 6,156.81 8,197.00
4,005. 68 4,005. 68 3,312.00
5,894.54 5,894.54 6,624.00
8,921.04 8,921.04 9,315.00
- - 6,440.00
- - 3,376.00
896.06 896.06 1,256.00
1,560.88 9,810. 64 9,810. 64 - -
1,361.06 7,789.81 7,789.81 - -
- - 784.43
- - 1,104.00
- - 2,111.00
1,685. 74 1,685. 74 -
4,562.36 4,562.36 3,450.00
- - 1,603.00
290.02 290.02 5,216.00
6,141.94 6,141.94 11,261.42
2,468.21 2,468.21 -
1,016.92 1,016.92 1,397.00
1,645.78 1,645. 78 11,880.01
170.43 170.43 156.00 V
STRAND
& ROE
1,961.64 1,961.64 2,122.00
458.47 458.47 . 434.25
-54-
City of Hopkins
Hopkins, Minnesota
PERMANENT IMPROVEMENT REVOLVING FUND
CONSTRUCTION COSTS
For the Year Ended December 31 196I
Construction Payments Adminis- Eliminated
Project In Progress Current trative or
Location Number 12-31Year Overhead Transferred
WATER:
Jackson So. of 2nd St. No. 732 $ 116.01 $ $ (¢116.01)
Monroe Ave.-2nd St. No. & Madison 825
(rruomferred to Property 057)
Monroe Avenue No. 014 - 116.01 -
Hiawatha Avenue 041 - 3,921.05 588'16
Jackson Avenue No. 047 - 2,197.45 329.62
Wayside Road 049 788, 62 1,761. 69 267.13
6th Avenue No, 053 - - -
Monroe Ave. No. - No, of 2nd St. 057 - 4,423.49 663.52
Burnes Drive 059 - 4,562.39 684.36
Ashley Road 106 - 3,567.44 535'12
Holly Road 107 - 3,851.24 577. 69
Hiawatha 109 - 7,320,00 1,098.00
llth Avenue So. 111 - - -
7th Street So. 1I2 - - -
5th Street So. 117 - - -
12 - 13 - 14tb Ave. So. 119 - - -
Drillane 133o - - -
SEWER:
Block 5, West Mplo, III 814 - - -
Drillane 906 38,689.05
Monroe Avenue No. 0I5 - - -
Hiawatha Ave. 040 - 9,676.16 945.26
738 - 7th Avenue So. 043 - - -
Jackson Avenue No. 048 - 1,929.18 289.38
6th Avenue No. 054 - - -
Monroe Ave. No. - No. of 2nd St. 058 - 4,450. 70 667' 61
Burnes Drive 060 - 5,990,26 898.54
Hiawatha 108 - 1I,019.50 1,652.93
lltbAvenue So. 110 - - -
7th Street So. 112 - - -
5th Street So. 116 - - -
12 - 13 - 14th Ave. So. 118 - - -
Drillane 132S - 1,740.90 261.I4
INSTALLING STREETS:
7th Street Co. 003A 383,40 - -
14th Avenue So. 003D - - -
12th Avenue So. 004D 1,803,89 259.00 64.54
5th Street So. 105 - 4,774' 71 344.36
DRIVEWAYS:
20th Avenue No. 042 123-04 - -
38 Jackson Avenue So. 136 - 89.84 13.48
228 - 13th Avenue 138 - 64'91 9. 71
-54- EXHIBIT D-4
Page 2
Interest Assessed Construction Projects Contracts
and Fee Property City In Progress Authorized Payable
Charges Total Owners Share 12-31-61 12-31-61 12-31-61
$ $ $ $ $ $ $
116.01 116.01 4,610.00
4,509.21 4,509.21 14,050.00
2,527.07 2,527.07 2,174.00
972.81 3,788.25 3,788.25 - -
- - 2,014.00
5,087.01 5,087.01 5,750.00
5,246. 75 5,246. 75 5,140.00
4,102.56 4,102.56 5,692.50
4,428.93 4,428.93 6,267.50
8,418.00 8,418.00 9,345.00
- 66,610.00
- - 15,014.49
- - 30,699.94
- - 18,500.00
- - 1,690.00
- - 2,202.40
38,689.05 38,689.05 36,500.00
- - 6,095.00
10,621.42 10,621.42 17,787.00
- 832.00
2,218.56 2,218.56 1,955.00
- - 1,725.00
5,118.31 5,118.31 6,641.00
6,888.80 6,888.80 6,888.00
12,672.43 12,672.43 10,403.00
- - 38,000.00
- - 14,800.06
- - 42,300.01
- - 21,510.45
2,002.04 2,002.04 518.00 v
STRAND
& ROE
383.40 383.40 1,942.00
- - 392.00
409.78 2,537.21 2,537.21 - -
5,119.07 5,119.07 2,760.00
23.99 147.03 147.03 - -
103.32 103.32 82.80
74.42 74.42 74.42
-55-
City of Hopkins
Hopkins, Minnesota
PERMANENT IMPROVEMENT REVOLVING FUND
CONSTRUCTION COSTS
For the Year Ended December 31. 1961
Construction Payments Adminis- Eliminated
Project In Progress Current trative or
Location Number 12-31-60 Year Overhead Transferred
CURB AND GUTTER•
Campbell - Third 907 $ 1,444.17 $ 364.80 $ 44.85 $
12th Avenue So. 006B 223.48 - -
1st Street No. 011 - - -
5th Street So. - So. Side 036 3,311.53 - (19.52)
5th Street So. - No. Side 037 4,002.00 - -
6th Avenue No. 056 - - -
3rd Street - 5th to Alley 101.2 - 352. 62 52.89
3rd Street - 8th to 9th 101.3 - 645.57 96.84
3rd Street - So. 8th to 9th 101.4 - 688.86 103.33
3rd Street - No. 9th to 10th 101.5 - 526.28 78.94
3rd Street - So. 9th to 10th 101.6 - 630.74 94.61
3rd Street - No. 10th to 11th 101.7 - 650.41 97.56
3rd Street - No. 11th to 12th 101.8 - 528.28 79.24
3rd Street - So. 11th to 12th 101.9 - 531. 62 79. 74
3rd St. So. - West of Wash. 125 - - -
2nd St. and 3rd St. No. 134.1 - 501.71 75.26
2nd St. and 3rd St. No. 134.2 - 630.78 94.62
2nd St. and 3rd St. No. 134.3 - 74 .65 11.20
2nd St. and 3rd St. No. 134.4 1,221.41 183.21
Totals $81,121.98 X5130,721.69 p18.035.03 ($114.01)
-55- EXHIBIT D-4
Page 3
Interest Assessed Construction Projects Contracts
and Fee Property City In Progress Authorized Payable
Charges Total OwnersShare l2-312-31-6I 12-31_61
$ 354.80 $ 2,208. 62 $ 2,142.82 $ $ 65.80 $ - $
45,91 269.39 269.39 - -
- - 1 ,868.00
616.46 3,908.47 3,286.25 622.22 - -
700'86 4,782.86 4,782.86 - -
- - 1,725.00
405.51 405.5I 491.00
742.41 742.41 947.02
792.19 792'19 947.02
605.22 605.22 899.58
725.35 725.35 899.58
747.97 747.97 899.58
607.52 607.52 799.25
611'30 611,36 799.25
- - 258.75
576.97 576.97 3,335.50
725'40 725.40 -
85.85 85.85 -
1,404.82 1,404.62 -
$9,486.86 $239,251,55 $55,022. 79 $622.22 A183,606.54 $512,700,56
p~
STRAND
unos
SPECIAL ASSESSMENT FUND
yo
STRAND
& ROE
-56- EXHIBIT E
City of Hopkins
Hopkins, Minnesota
SPECIAL ASSESSMENT FUND
BALANCE SHEET
As At December 31, 1961
ASSETS
Treasurer's Cash $ 659.47
Funds in Hands of Fiscal Agents 49,789.00
Investments 125,000.00
Assessments Receivable 206,035.68
Accrued Interest Receivable 1,101. 60
Total Assets $382,585. 75
LIABILITIES RESERVES AND SURPLUS
Matured Bonds and Interest $ 49,789.00
Due to Other Funds 13,079.07
Bonds Payable 165 000.00
Interest Payable 11,177.00
Surplus - Unappropriated 143,540. 68
Total Liabilities, Reserves, and Surplus $382,585. 75
STRAND
& ROE
-57- EXHIBIT E-1
City of Hopkins
Hopkins, Minnesota
SPECIAL ASSESSMENT FUND
ANALYSIS OF CHANGES IN SURPLUS
For the Year Ended December 31. 1961
BALANCE - DECEMBER 31 1960 $238,572.21
ADDITIONS:
Revenues per Accompanying Statement $ 59,110.02
Assessments Reinstated 962.95
Payment on Fund Loan 2,500.00
Payment on Bonds 63,453.00 126,025.97
$364,598.18
DEDUCTIONS:
Expenditures per Accompanying Statement $ 66,144.41
Applied to Assessments Receivable 54,382.08
Interest Cancelled on Prepayments 531.01
Transfer to Building Fund 100,000.00 221,057.50
BALANCE - DECEMBER 31, 1961 $143,540.68
1,1
STRAND
& ROE
-58- EXHIBIT E-2
City of Hopkins
Hopkins, Minnesota
SPECIAL ASSESSMENT FUND
OPERATING STATEMENTS
For the Year Ended December 31 1961
STATEMENT OF REVENUES
Actual
Description Revenues
Tax Collections $52,513.87
Direct Collections by the City 1,868.21
Interest on Investments 4,727.94
Total Revenues $59,110.02
STATEMENT OF EXPENDITURES
Description Expenditures
Water (1947) Principal $ 2,000.00
Interest 216.00
Improvements (1952) Principal 11,000.00
Interest 550.00
Improvements (1953) Principal 25,000.00
Interest 2,187.00
Improvements (1954) Principal 20,000.00
Interest 2,500.00
Due to Sewer Fund 2,500.00
Fiscal Agent Charges 96. 76
County Auditor Charges 94. 65
Total Expenditures $66,144.41
V
(STRAND
& ROE
-59- EXHIBIT E-3
City of Hopkins
Hopkins, Minnesota
SPECIAL ASSESSMENTS FUND
ASSESSMENTS RECEIVABLE
As At December 31 1961
BALANCE - DECEMBER 31, 1960 $259,985.82
ADDITIONS:
Assessments Reinstated on Prior Tax Sale Property 962.95
$260,948. 77
DEDUCTIONS:
County Collections $52,513.87
City Collections 1,868.21
Interest Cancelled on Prepayment 531.01 54,913.09
BALANCE - DECEMBER 31, 1961 $206,035.68
V
STRAND
& ROE
-60- EXHIBIT E-4
City of Hopkins
Hopkins, Minnesota
SPECIAL ASSESSMENT FUND
BOND MATURITIES
As At December 31, 1961
Water Im•rovement 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: 1962 (a) $11,000.00 $25,000.00 $20,000.00 $ 56,000.00
1963 $2,000.00 11,000.00 31,000.00 20,000.00 64,000.00
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
Total Bonds Payable $7,000.00 $22,000.00 $56,000.00 $80,000.00 $165,000.00
FUTURE INTEREST: 1962 $(a)84.00 $ 330.00 $ 1,512.00 $ 2,020.00 $ 3,946.00
1963 144.00 110.00 837.00 1,540.00 2,631.00
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 V
STRAND
Total Future Interest $ 528.00 $ 440.00 $ 2,349.00 $ 7,860.00 $ 11,177.00 & ROE
Note: (a) Payment due January 1, 1962, remitted to
fiscal agent in December, 1961.
BOND RET IREMENT FUND
V
STRAND
& ROE
-61- EXHIBIT F
City of Hopkins
Hopkins, Minnesota
BOND RETIREMENT FUND
BALANCE SHEET
As At December 31 . 1961
ASSETS
Treasurer's Cash $ 18,268.56
Funds in Hands of Fiscal Agents 7,281.50
Investments 60,000.00
Accrued Interest Receivable 112.50
Current Tax Levy 92,736.00
Future Tax Levy 303,225.00
Due from Other Funds 101,892.00
Total Assets $583,515.56
LIABILITIES , RESERVES, AND SURPLUS
Matured Bonds and Interest $ 7,281.50
Due to Other Funds 270.40
Bonds Payable 465,000.00
Interest Payable 51,152.00
Reserve for Sewer Utility Fund Bond Issue 2,497.80
Reserve for Uncollectible Taxes 25,481.00
Surplus - Unappropriated 31,832.86
Total Liabilities, Reserves, and Surplus $583,515.56
V
STRAND
& ROE
-62- EXHIBIT F-1
City of Hopkins
Hopkins, Minnesota
BOND RETIREMENT FUND
ANALYSIS OF CHANGES IN SURPLUS
For the Year Ended December 31 1961
BALANCE - DECEMBER 31, 1960 $ 28,722.24
ADDITIONS:
Revenues per Accompanying Statement $114,477.85
Current Funds Usage Reduced 1,185.00 115,662.85
$144,385.09
DEDUCTIONS:
Expenditures per Accompanying Statement 112,552.23
BALANCE - DECEMBER 31, 1961 $ 31,832.86
v
STRAND
& ROE
-63- EXHIBIT F-2
City of Hopkins
Hopkins, Minnesota
BOND RETIREMENT FUND
OPERATING STATEMENTS
For the Year Ended December 31, 1961
STATEMENT OF REVENUES
Actual Estimated Over
Description Revenue Revenue (121.4.22)
Tax Settlements $ 97,833.95 $100,375.00 $(2,541.05)
Sewer Utility Fund - P.I.R. Fund Bonds
of 1958 - Principal and Interest 16,021.00 - 16,021.00
Interest Earned on Investments 622.90 - 622.90
Total Revenues $114,477.85 $100,375.00 $14,102.85
STATEMENT OF EXPENDITURES
Actual Appro- (Over)
Description penditures priations Under
Water (1945) Principal $ 2,500.00 $ 2,500.00 $ -
Interest 150.00 165.00 15.00
Fire Equipment (1952) Principal 5,000.00 5,000.00 -
Interest 136.50 136.00 ( .50)
Storm Sewer (1953) Principal 20,000.00 20,000.00 -
Interest 1,960.00 1,960.00 -
Permanent Improvements (1952) Principal 10,000.00 10,000.00 -
Interest 500.00 500.00 -
Permanent Improvements (1955) Principal 25,000.00 25,000.00 -
Interest 4,500.00 4,500.00 -
Permanent Improvements (1957) Principal 20,000.00 20,000.00 -
Interest 6,610.00 6,610.00 -
Sewer Utility Revenue (1958) Principal 13,000.00 - (13,000.00)
Interest 3,021.00 - (3,021.00)
Fiscal Agent Charges 174. 73 4,004.00 3,829.27
Total Expenditures $112,552.23 $100,375.00 ($12,177.23)
STRAND
& ROE
-04-
City of Hopkins
Hopkins, Minnesota
BOND RETIREMENT FUND
GENERAL OBLIGATION BONDS
As At December 31, 1961
Permanent Improve-
DATE OF ISSUE 12- 1-52 12- 1-55
MATURITY DATE Feb. 1 Dec. 1
INTEREST RATE 2% 3%
BONDS PAYABLE: 1962 $10,000.00 $ 25,000.00
1963 10,000.00 25,000.00
1964 25,000.00
1965 25,000.00
1966 25,000.00
1967
1968
1969
Total Bonds Payable $20,000.00 $125,000.00
FUTURE INTEREST: 1962 $ 300.00 $ 3,750.00
1963 100.00 3,000.00
1964 2,250.00
1965 1,500.00
1966 750.00
1967
1968
1969
Total Future Interest $ 400.00 $ 11,250.00
RESERVE FOR UNCOLLECTIBLE TAXES: 1962 $ 500.00 $ 1,550.00
1963 1,400.00
1964 1,450.00
1965 1,400.00
1966 1,350.00
1967
1968
Total Reserve for Uncollectible Taxes $ 500.00 $ 7,150.00
Total Bonds, Interest, and Reserve $20,900.00 $143,400.00
FUNDS PROVIDED BY:
Levies Collectible In: 1962 $10,800.00 $ 30,300.00
1963 29,400.00
1964 28,700.00
1965 27,900.00
1966 27,100.00
1967
1968
1969
Total Levies $10,800.00 $143,400.00
TO BE OBTAINED FROM CURRENT FUNDS 10,100.00 -
Totals as Above $20,900.00 $143,400.00
Note: (a) Payment due January 1, 1962, remitted to
fiscal agent in December, 1961.
-64- EXHIBIT F-3
ment Revolvin!und Water Fire Storm
Total Bonds Euipment. Sewer Total
6- 1-57 3- 1-45 3- 1-52 9- 1-53
June 1 Jan. 1 Mar. 1 Mar. 1
3. 7/4.1% 1.2% 2.1`/0 2.8%
$ 20,000.00 $ 55,000.00 $ (a) $4,000.00 $20,000.00 $ 79,000.00
20,000.00 55,000.00 2,500.00 20,000.00 77,500.00
20,000.00 45,000.00 2,500.00 20,000.00 67,500.00
20,000.00 45,000.00 2,500.00 47,500.00
20,000.00 45,000.00 2,500.00 47,500.00
20,000.00 20,000.00 20,000.00
20,000.00 20,000,00 20,000.00
20,000.00 20,000.00 ____ _ _, — _�_ 20 000.00
$160,000.00 $305,000.00 $10,000.00 $4,000.00 $60,000.00 $379,000.00
$ 5,870,00 $ 9,920.00 $ 60.00 $ 42.00 $ 1,400.00 $ 11,422.00
5,130.00 8,230,00 105,00 840,00 9,175.00
4,390.00 6,640.00 75.00 280.00 6,995.00
3,650.00 5,150.00 45.00 5,195.00
2,870.00 3,620.00 15.00 3,635.00
2,050,00 2,050.00 2,050.00
1,230.00 1,230.00 1,230.00
410.00 410.00 410.00
$ 25,600.00 $ 37,250.00 $ 300.00 $ 42.00 $ 2,520.00 $ 40,112.00
$ 1,730.00 $ 3,780.00 $ 151.00 $ 258.00 $ $ 4,189.00
1,670.00 3,070.00 142.00 760.00 3,972.00
1,610.00 3,060,00 133.00 3,193.00
1,650.00 3,050.00 125.00 3,175.00
1,630.00 2,980.00 2,980.00
1,550.00 1,550.00 1,550.00
1,570.00 1,570.00 1,570.00
1_11,410.00 $ 19,060.00 $ 551.00 1 258.00 $ 760.00 $ 20,629.00
1197,010.00 $361,310.00 $10,851.00 $4,300.00 $63,280.00 $439,741.00
STRAND
$ 27,600.00 $ 68,700.00 $ 2,786.00 $ $21,250.00 $ 92,736.00 & Roe
26,800.00 56,200.00 2,747.00 21,600.00 80,547.00
26,000.00 54,700,00 2,708.00 57,408.00
25,300.00 53,200.00 2,670.00 55,870.00
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
$188,000.00 $342,200.00 $10,911.00 $ - $42,850.00 $395,961.00
9,010,00 19,110.00 (60.00) , 4,300.00 20,430,00 43,780,00
197 010,00 $361,310.00 $10,851.00 $4,300.00 $63,280.00 $439,741.00
-65- EXHIBIT F-4
City of Hopkins
Hopkins, Minnesota
BOND RETIREMENT FUND
REVENUE BONDS - BOND AND INTEREST SUMMARY
As At December 31 . 1961
SEWER UTILITY REVENUE BONDS
DATE OF ISSUE: 9- 1-58
MATURITY DATE: Dec. 1
INTEREST RATE: 2.5/3.4%
Bonds Future
Year Payable Interest Reserve(a) Total
1962 $13,000.00 $ 2,696.00 $ 784.80 $ 16,480.80
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 $86,000.00 $11,040.00 $4,852.00 $101,892.00
(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) $379,000.00 $40,112.00 $20,629.00 $439,741.00
Revenue Issue (Above) 86,000.00 11,040.00 4,852.00 101,892.00
Totals $465,000.00 $51 ,152.00 $25,481.00 $541,633.00
TAX LEVIES
Certified to County Auditor $395,961.00 V
STRAND
& ROE
Less:
Due on Current Collections 92,736.00
Collections - Future Years $303,225.00
CAPITAL FUND
STRAND
& ROE
-66- EXHIBIT G
City of Hopkins
Hopkins, Minnesota
CAPITAL FUND
BALANCE SHEET
As At December 31 1961
ASSETS
Land $ 320,541.59
Buildings 152,298.83
Vehicles $252,720. 63
Less: Allowance for Depreciation 1,343.01 251,377. 62
Equipment $172,463.02
Less: Allowance for Depreciation 3,257.54 169,205.48
Other Improvements 1,897,247. 71
Total Assets $2,790,671.23
LIABILITIES AND SURPLUS
Surplus - Invested in Fixed Assets $2,790,671,23
Total Liabilities and Surplus $2,790,671.23
V
STRAND
& ROE
-67- EXHIBIT G-1
City of Hopkins
Hopkins, Minnesota
CAPITAL FUND
ANALYSIS OF CHANGES IN SURPLUS
For the Year Ended December 31 1961
BALANCE - DECEMBER 31 1960 $2,687,753.91
ADDITIONS:
Surplus - Unappropriated:
General Office:
Electric Floor Polisher (1/2 Int.) $ 115. 71
Legal File - 2 Dr. 60.00
Vacuum Cleaner 30.00
A. B. Dick Mimeo. Machine 661.50
Addo-X Machine 295.00
(2) IBM Electric Typewriters 862. 90
Coat Rack 10.00
Typing Stand 10.00
1962 Valiant - 2 Dr. 1,723.00
Court:
Royal Typewriter 135.00
Assessing:
Polaroid Camera 95.00
Zoning and Planning:
File Cabinet - 3 Dr. 78. 95
Police:
(2) 1962 Plymouths 4,812.00
Binoculars 24.33
(2) Polaroid Cameras 148.82
(3) 10# Extinguishers 188.25
Fire:
Electric Chainsaw 265.00
Three Cylinder Recharger 354.84
(3) Beacon Ray Lights 247.53
Civil Defense:
File Cabinet - 3 Dr. 78.95
Street:
Fuel Oil Pump 135.00
Rosco Vibrapac Roller 1,975.00
Cleanmaster 175.00
Speed-O-Matic Changer 50.00
8 1/2' Swanson Spreader 470.46
(2) Snow Plows 1,938.00
1,500 W. Little Dynamo 97.65
Electric Chainsaw 130.50
Kal Tune Master 254.50 STRAND
84
6" Vise 119.95 ROE
Air Compressor 5 H.P. 499.00
1961 Chevrolet Truck 12,324.05
1961 Chevrolet Truck 12,324.05
1961 Chevrolet Pickup 2,540.00
1961 Chevrolet Truck 10,176.00
Public Library:
Electric Floor Polisher (1/2 Int.) 115. 71
Recreation:
Cash Register 95.00
Soft Drink and Flake Ice Machine 1,719.09
I
-68- EXHIBIT G-'1
Page 2
City of Hopkins
Hopkins, Minnesota
CAPITAL FUND
ANALYSIS OF CHANGES IN SURPLUS
For the Year Ended December 31 1961
Balance (Brought Forward) $2,687,753.91
ADDITIONS: (Continued)
Surplus - Unappropriated: (Continued)
Parks:
Portable Amplifier $ 66.50
Rotary Mower 20" 89.95
Folding Tables (6) 248.40
Wagon Loader for Cub Tractor 125.00
Fountains - Burns Park 410.10
Picnic Tables (8) 348.88
Lights - Alice Smith Park 190.00
Snow Sweeping Broom 1,163.50
Two Lots - B1. 3 West Mpls. III 2,025.00
Model F Tractor 4,663.40
1952 Chevrolet 1/2 Ton 170.00
1961 Chevrolet 3/4 Ton 4,693.95
Storm Sewers 35,172. 69 $104,703.11
Special Assessments:
Blacktop $31,786. 73
Curb and Gutter 9,305.51
Streets 2,127.43
Driveways 123.04 43,342. 71 148,045.82
$2,835,799. 73
DEDUCTIONS:
Transfer to Building Fund $ 20,000.00
1956 Appraisals Not Used 285.00
Diesel Tank Junked 58.06
Sales:
Snow Plow $ 217. 69
Multilith Machine 1,358.38
Interlachen Right of Way (7 Lots) 7,186.43 8,762.50
Trades:
Clary Adding Machine $ 190.00
Typewriter - Royal 270.00
Typewriter - L. C. Smith 210.00
1960 Plymouths (2) 4,566. 70
McCulloch Chain Saw 311. 69
8' Spreader 444.00
1953 International Truck 4,485.59 STRAND
1954 International Truck 3,972.94 & ROE
1953 Ford Pickup 802.00
1950 Chevrolet 1/2 Ton 450.00 15,702.92
Depreciation for the Year - Engineering 320.02 45,128.50
BALANCE - DECEMBER 31, 1961 $2,790,671.23
-69- EXHIBIT G_2
City of Hopkins
Hopkins, Minnesota
CAPITAL ASSETS
As At December 31 1961
Balance Elimi- Balance
Description 12_31_60 Additions nations 12-31-61
LAND:
City Hall Site $ 23,000'00 $ $ $ 23,000'08
Library Site 20,000.00 20,000.00 -
Garage, Shop, and Warehouse Site 15,000.00 15,008.00
Gravel Pit 7,887.50 7,887.50
Parking Lots 74,067. 70 74,067' 70
Parks and Playgrounds 118,984,58 2,025'00 121,809.58
Right of Ways 82,596.46 7,186'43 75,410.03
New City Hall Site 285.00 285'00 -
Fair Grounds Drainage System 4 166. 78 __ 4 166. 78
Total Land $ 345,988.02 $ 2,025.00 $27,471,43 $ 320,541.59
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) 21,412'26 21,413.26
Parks and Playgrounds 17,0I9.59 17,819'59
Heavy Equipment Shed 565 `98 565.98
Total Buildings $ 152,298.83 $ $ $ 152.298.83
FURNITURE AND EQUIPMENT:
City Hall $ 29`320.I5 $ 2,433.01 $ 2,028.38 $ 29,724. 78
Library 22,085,17 1I5. 71 22,200.88
Police Department 5,860.48 261.40 6,221.88
Street Department:
Concrete Mixer 533.20 523'20
Backfill Tamper 286.00 206'00
Used Pulvi Mixer 450.00 450.00
Steam Cleaner 100.00 100.00
Dragline Bucket 489'13 489'13
Chain Saw 311' 69 211. 69 -
Snow Plow Blades 435.38 217' 89 217. 69
Wire Gutter Broom 447'50 447.50
Elec. Magic Steam Cleaner 356,00 356.00
Chain Saw 263. 66 263. 66 p~
Graw Luber 264.95 264.95 STRAND
Sioux Impact Wrench 325.00 325.00 an»s
Frost Braker 175.00 175.00
Swenson Self-Feeding Spreader 404'00 464'00
Rosco Vibrapac Roller 1,975.00 1,975.00
Cleanmaster 175'00 175'00
Speed-0-Matic Changer 50'00 50,00
8 I/2" Swenson Spreader 470.46 470,46
Snow Plows (2) 1 °928'00 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
Other 217. 00 29,648'17
-70- EXHIBIT G-2
Page 2
City of Hopkins
Hopkins , Minnesota
CAPITAL ASSETS
As At December 31 . 1961
Balance Elimi- Balance
Description 12-31-60 Additions nations 12-31-61
FURNITURE AND EQUIPMENT: (Cont 'd)
Fire Department $ 20,637. 72 $ 867.37 $ $ 21,505.09
Parks and Playgrounds 26,782.57 1,263.88 28,046.45
Recreation 3,508.29 3,508.29
Stores:
Diesel Tank 58.06 58.06 -
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 955.35 1,814.09 2,769.44
Civil Defense 545.00 545. 00
Weed Control 140.29 140.29
Total Furniture and
Equipment $ 162,378.32 $ 12,700.52 $ 2,615.82 $ 172,463.02
VEHICLES:
Police Department:
Motorcycle - 1953 $ 695.00 $ $ $ 695.00
1960 Plymouths (2) 4,566. 70 4,566. 70 -
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
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 Garbage Packer 7,244.90 7,244.90
Crawler Tractor 16,667.00 16,667.00
Hough Payloader 15,466.00 15,466.00
Engineering Department:
Chevrolet Truck 1/2 Ton 1,343.01 1,343.01
Recreation Department:
1950 Chev. 1/2 Ton Panel 450.00 450.00 -
STRAND
Tractor Mower 486.45 486.45 & ROE
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
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 495.06 495.00
1944 International Truck 500.00 500.00
1953 International Truck 4,485.59 4,485.59 -
-71- EXHIBIT G-2
Page 3
City of Hopkins
Hopkins, Minnesota
CAPITAL ASSETS
As At December 31 1961
Balance Elimi- Balance
Description 12-31-60 Additions nations 12-31-61
VEHICLES: (Cont'd)
Street Department: (Cont'd)
1954 International Truck $ 4,502.94 $ $ $ 4,502.94
1954 International Truck 3,972.94 3,972.94 -
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
Tr.; iler 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
Cat. Diesel Motor Grader 11,241.00 11,241.00
Truck Carrier & Trailer Axle Wheels 574.00 574.00
Tarco Salt Spreader & Elec. Starter 573, 60 573.60
Trailer 510.00 510.00
9 Wheel Roller 729.20 729.20
1951 Studebaker Panel Truck 495.00 495.00
1953 Dodge Truck and Hoist Box 1,468.50 1,468.50
1953 Ford Truck 802.00 802.00 -
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. Paul Hoists (2) 2,442.00 2,442.00
Gar Wood St. Paul Hoist 485.00 485.00
Loraine Moto Loader 18,500.00 18,500.00
1959 Ford F-100 1,474.95 1,474.95
Swenson Spreaders (2) 888.00 444.00 444.00
1961 Chevrolet Truck 12,324.05 12,324.05 po
1961 Chevrolet Truck 12,324.05 12,324.05 STRAND
1961 Chevrolet Pickup 2,540.00 2,540.00 & ROE
1961 Chevrolet Truck 10,176.00 10,176.00
Administrative:
1962 Valiant - 1,723.00 1,723.00
Total Vehicles $ 212,636.96 $ 54,804.90 $14,721.23 $ 252,720. 63
-72- EXHIBIT Q-2
Page 4
City of Hopkins
Hopkins, Minnesota
CAPITAL ASSETS
As At December 31 . 1961
Balance Elimi- Balance
EtIELLELLIa l2-3l-60 Additions nations 12-31_61
OTHER IMPROVEMENTS:
Streets, Alleys, and Sidewalks $1,157,458' 72 $ 43,342, 71 $ $1,200,801.43
Street Lights 116,145,47 116,145.47
Parking Meters 23,073'15 22,073'15
Parking Meters - Municipal Lots 842'80 842'80
Sign Lights I6,400.00 16,400.00
Parking Lots 222,079.44 222,079.44
Storm Sewers 259,772.12 35,172. 89 294,944.81
Traffic Signals 19,973,23 13,973,23
Parks 8 987.388,987.38
Total Other Improvements $ 78,515.40 $ $1,897,247. 71
Totals $2,692,034.44 $148,045.82 $44,808.48 $2,795,871' 78
STRAND
& ROE
-73- EXHIBIT G-3
I
City of Hopkins
Hopkins, Minnesota
GENERAL FUND
FIXED ASSETS AND DEPRECIATION - ENGINEERING DEPARTMENT
As At December 31 1961
Allowance for Depreciation
Balance Deprec. Balance
Date Description Cost Rate 12-3.1-60 1961 12-31-61
Prior Berger Dumpy Level $ 310.00 10% $ 279.00 $ - $ 279.00
Royal Typewriter 142.38 128.14 4.24 132.38
File Cabinet 69.50 62.55 1.95 64.50
Monroe Calculator 125.00 112.50 2.50 115.00
Desk 142. 65 128.41 4.24 132. 65
Blueprint Cabinet 242. 75 218.43 4.32 222. 75
Steel File 91.26 82.12 4.14 86.26
1953 File Cabinet 80. 70 64.56 6.14 70. 70
Friden Calculator 340.00 272.00 34.00 306.00
Blueprint Cabinet 56.25 45.04 5. 63 50. 67
Drafting Table 115.00 92.00 11.50 103.50
1954 Posture Chair 27.95 19. 60 2.80 22.40
Steel Gray Desk 182.44 127.75 18.25 146.00
Gray Executive Desk 126.23 88.34 12. 62 100.96
Royal Typewriters (2) 355,00 248.50 35.50 284.00
File Cabinets (2) 237. 60 166.32 23. 76 190.08
Press-ur-Meter w/Case 153.50 107.45 15.35 122.80
Aerial Maps 262.00 183.40 26.20 209.60
Shelving 21.50 15.05 2. 15 17.20
H.R,V.P. Transit 550.00 357.50 55.00 412.50
1957 Engineer's Level 350.00 122.50 35.00 157.50
Brunson Rod 45.00 11.25 4.50 15. 75
1960 Traffic Counter 102.26 5.11 10.23 15.34
Total Equipment $4,128.97 $2,937.52 $320.02 $3,257.54
Prior Chevrolet Panel Truck 1,343.01 25% 1,343.01 - 1,343.01
V
Totals $5,471.98 $4,280.53 $320.02 $4,600.55 STRAND
& ROE
BUILDING FUND
V
STRAND
& ROE
-82-
City of Hopkins
Hopkins, Minnesota
INTERFUND ACCOUNTS
As At December 31, 1961
RECEIVABLES
Bond
Water Sewer P.I.R. Retirement
Description Utility Utility Fund Fund
Classification of Interest Received $202.80 $ 67. 60 $ $
Parkridge Sewer Reimbursement 6,250.00
Classification of Receipts 250.00
Book Value on Truck Traded - 1/2 50.00
Classification of County Remittance 6,829.07
Sewer Revenue Bonds and Reserve 101,892.00
Totals $202.80 $6,617. 60 $6,829.07 $101,892.00
-74- EXHIBIT H
City of Hopkins
Hopkins, Minnesota
BUILDING FUND
BALANCE SHEET
As At December 31, 1961
ASSETS
Treasurer's Cash $ 33,095.92
Land 86,900.00
Total Assets $119,995.92
LIABILITIES RESERVES AND SURPLUS
Surplus - Unappropriated $ 33,095.92
Surplus - Invested in Fixed Assets 86,900.00
Total Liabilities, Reserves, and Surplus $119,995.92
STRAND
& ROE
-75- EXHIBIT H-1
City of Hopkins
Hopkins, Minnesota
BUILDING FUND
ANALYSIS OF SURPLUS
SURPLUS - UNAPPROPRIATED
BALANCE - DECEMBER 31 1960 $ -
ADDITIONS:
Revenues per Accompanying Statement 100,000.00
$100,000.00
DEDUCTIONS:
Expenditures per Accompanying Statement 66,904.08
BALANCE - DECEMBER 31, 1961 $ 33,095.92
SURPLUS - INVESTED IN FIXED ASSETS
BALANCE - DECEMBER 31, 1960 $ -
ADDITIONS:
Surplus: Unappropriated:
Land $66,900.00
Fixed Asset Fund:
Dow Homestead Land 20,000.00 86,900.00
BALANCE - DECEMBER 31, 1961 $ 86,900.00
V
STRAND
& ROE
l
-76- EXHIBIT H-2
City of Hopkins
Hopkins, Minnesota
BUILDING FUND
OPERATING STATEMENTS.
For the Year Ended December 31, 1961
STATEMENT OF REVENUES
Description Amount
Transfer from Special Assessment Fund $100,000.00
STATEMENT OF EXPENDITURES
Description Amount
Land Acquisition:
West Minneapolis Lot 1-2 Block 11 $17,025.00
Lot 13 Block 11 25.00
Lot 15 Block 11 11,025.00
Lot 16 Block 11 12,275.00
Lot 17 Block 11 14,025.00
Lot 18 Block 11 12,525.00 $66,900.00
Supplies 4.08
Total Expenditures $66,904.08
V
STRAND
& ROE
SUPPLEMENTARY STATEMENTS
•
is
STRAND
& ROE
-77- EXHIBIT I
City of Hopkins
Hopkins, Minnesota
COMBINED BALANCE SHEET ALL FUNDS
As At December 31, 1961
ASSETS
Cash on Hand and in Banks:
Petty Cash $ 475.00
Cash on Hand 23,588.00
Banks 205,645.45 $ 229,708.45
Funds in Hands of Fiscal Agents 63,507.00
Investments 592,630.53
Accounts Receivable 20,433.99
Assessments Receivable 959,642.81
Municipal State Aid Fund 125,751.98
Accrued Interest Receivable 2,362. 72
Future Assessments 512,700.56
Current Tax Levy 616,231.00
Future Tax Levy 303,225.00
Inventories 23,277. 76
Prepaid Expenses 767.00
Work In Process 183,606.54
Fixed Assets 5,311,962.32
Total Assets $8,945,807.66
LIABILITIES . RESERVES , AND SURPLUS
Accounts Payable $ 20,407.45
Contract Payable - Sewage Disposal 2,810.41
Accrued Liabilities 875.00
Matured Bonds and Interest 63,507.00
Accrued Payroll 7,216.98
Projects Authorized 512,700.56
Prepaid Revenues 23,588.00
Bonds Payable 1,007,000.00
Interest Payable 157,925.50
Reserves:
Reserve for Depreciation $ 417,061.35
Reserve for Current Tax Levy 523,495.00
Reserve for Uncollectible Taxes 25,481.00
Reserve for Municipal State Aid Fund 125.751.98 1,091,789.33
Fund Balance 830,000.00 r/
Surplus:: STRAND
Unappropriated $ 703,721.33 & ROE
Current 203,903. 63
Invested in Fixed Assets 4,320,362.47 5,227,987.43
Total Liabilities, Reserves, and Surplus $8,945,807.66
_78-
City of Hopkins
Hopkins, Minnesota
COMBINED BALANCE SHEET BY FUNDS
As At December 31 1961
Total
General Beach General
Assets Revenue Parking Concession Fund
Treasurer's Cash $ 18,393.52 $ 77.95 $3,419.92 $ 21,891.39
Petty Cash 375.00 375.00
Cash on Hand 23,588.00 23,588.00
Funds in Hands of Fiscal Agents
Accounts Receivable 3,064.26 3,064.26
Investments 155,000.00 155,000.00
Due from Other Funds
Municipal State Aid Fund 125,751.98 125,751.98
Current Tax Levy 523,495.00 523,495.00
1 Future Tax Levy
Due from Bond Retirement Fund
Special Assessments Receivable
1 To Be Assessed
Accrued Interest Receivable 460.95 460.95
Inventories (At Cost) 16,341.82 522.00 16,863.82
Prepaid Expenses 767.00 767.00
Work In Process
Fixed Assets
Total Assets $867,237.53 $599.95 13,419.92 $871,257.40
Liabilities Reserves and Sur.lus
Accounts Payable $ 13,359.28 $ $ $ 13,359.28
Due City of Minneapolis
Matured Bonds and Interest
Accrued Payroll 6,338.57 6,338.57
Due to Other Funds 250.00 250.00
Accrued Liabilities 875.00 875.00
Projects Authorized
Prepaid Revenues 23,588.00 23,588.00
Bonds Payable
Interest Payable
Reserve for Depreciation
Reserve for Current Tax Levy 523,495.00 523,495.00
Reserve for Uncollectible Taxes
Reserve for Sewer Utility Issue
Reserve for Municipal State Aid Fund 125,751.98 125,751.98
Fund Balance
' Surplus:
Current or Unappropriated 173,579. 70 599.95 3,419.92 177,599.57
Invested in Fixed Assets
Total Liabilities, Reserves,
and Surplus $867,237.53 $599.95 $3,419.92 $871,257.40
-78-
EXHIBIT I-1
Permanent Special Bond
Water Sewer Improvement Assessment Retirement Capital Building
Utility Utility Revolving Fund Fund Fund Fund Total
$ 18,887.00 $ 60,908.04 $ 51,935.07 $ 659.47 $ 18,268.56 $ $ 33,095.92 $ 205,645
100.00 475,
6,436.50 23,588.
49,789.00 7,281.50 63,507,
9,710.53 7,099.31 559.89 20,433
72,172,18 30,000.00 150,458.35 125,000.00 60,000.00 592,630.
202.80 6,617.60 6,829,07 101,892.00 115,541.
125,751.
92,736.00 616,231,
303,225.00 303,225,
2,497.80 2,497.
753,607.13 206,035.68 959,642.
512,700.56 512,700.
31.42 656.25 1,101.60 112.50 2,362.
6,226.94 187.00
23,277.
767.
183,606.54 183,606.
1,287,405.42 1,142,385.12 2.795.271.78 86,900.00 5,311,962.
$_1,401,172.79 11,249,694.87 $1,660,352.86 $382,585.75 083,515.56 $2,795,271.78 119,995.92 $9,063,846.
$ 1,294.54 $ 5,753.63 $ $ $ $ $ $ 20,407.
2,810.41 2,810.
6,436.50 49,789.00 7,281.50 63,507.
568.02 310.39
7,216.
50.00 101,892.00
13,079.07 270.40 115,541.
512,700.56 875.
512,700.
325,000.00 52 000.00 23,588.
> 165,000.00 465,000.00 1,007,000.
92,671.50 2,925.00 11,177.00 51,152.00 157,925.
186,298.41 226,162.39 4,600.55 417,061.
523,495.
25,481.00 25,481.
2,497.80 2,497.
830,000.00 125,751.
830,000.
105,518.31 98,385.32 317,652.30 143,540.68 31,832.86 33,095.92 907,624.
683.335,51 759,455.73 2,790,671.23 86.900.00 4.320.362.
$1,401,172.79 $1,249,694.87 $1,660,352.86 $382,585.75 41583,515.56 82,795,271.78 14.19 995.92 ,9,063,846.
-79- EXHIBIT I-2
City of Hopkins
Hopkins, Minnesota
COMBINED COMPARATIVE BALANCE SHEETS
As At As At Increase
Assets 12-31-60 12-31-61 (Decrease)
Cash on Hand and in Banks $ 549,842.01 $ 229,708.45 ($320,133.56)
Funds in Hands of Fiscal Agents 77,203.00 63,507.00 (13,696.00)
Investments 211,541.28 592,630.53 381,089.25
Accounts Receivable 18,545.48 20,433.99 1,888.51
Assessments Receivable 1,134,899.98 959,642.81 (175,257.17)
Municipal State Aid Fund 89,755.00 125,751.98 35,996.98
Accrued Interest Receivable 449.92 2,362. 72 1,912.80
Future Assessments 186,810.19 512,700.56 325,890.37
Current Tax Levy 629,679.00 616,231.00 (13,448.00)
Future Tax Levy 395,961.00 303,225.00 (92,736.00)
Inventories 26,177.34 23,277. 76 (2,899.58)
Prepaid Expenses 689.50 767.00 77.50
Work In Process 81,121.98 183,606.54 102,484.56
Capital Assets 5,099,291.90 5,311,962.32 212,670.42
Total Assets $8,501,967.58 $8,945,807. 66 1443,840.08
Liabilities Reserves and Sur.lus
Accounts Payable $ 13,184.97 $ 20,407.45 $ 7,222.48
Contracts Payable - Sewage Disposal 3,490.92 2,810.41 (680.51)
Accrued Liabilities 22,600.00 875.00 (21,725.00)
Matured Bonds and Interest 77,203.00 63,507.00 (13,696.00)
Accrued Payroll 6,817.91 7,216. 98 399.07
Projects Authorized 186,810.19 512,700.56 325,890.37
Prepaid Revenues 17,909.00 23,588.00 5,679.00
Bonds Payable 1,193,500.00 1,007,000.00 (186,500.00)
Future Interest 194,716.50 157,925.50 (36,791.00)
Reserves:
Reserve for Depreciation 362,157.12 417,061.35 54,904.23
Reserve for Current Tax Levy 529,304.00 523,495.00 (5,809.00)
Reserve for Uncollectible Taxes 31,485.55 25,481.00 (6,004.55)
Reserve for Municipal State Aid 89,755.00 125,751. 98 35,996.98
Fund Balance 830,000.00 830,000.00 -
Surplus:
Unappropriated 673,796. 71 703,721.33 29,924. 62
Current 170,872.98 203,903. 63 33,030.65 STRAND
Invested in Fixed Assets 4,098,363. 73 4,320,362.47 221,998. 74 & ROE
Total Liabilities, Reserves,
and Surplus $8,501,967.58 $8,945,807. 66 $443,840.08
1
-80- EXHIBIT 1-3
City of Hopkins
Hopkins, Minnesota
TREASURER'S CASH BALANCE
As At December 31 _1961
Balance Add: Less:
Per Bank Deposits Outstanding Balance
Bank Type of Account Statement In Transit Checks Per Books
First Nat'l Bank General Fund $138,694. 76 $46,088.33 $31,661.59 $153,121.50
N. W. Nat'l Bank Payroll Account 4,944.87 - 4,444.87 500.00
N. W. Nat'l Bank Special Assessment 659.47 - - 659.47
N, W, Nat'l Bank Bond Retirement 16,025.29 2,243.27 - 18,268.56
N. W. Nat'l Bank Building Fund 44,145.92 - 11,050.00 33,095.92
Totals $204,470.31 $48,331. 60 $47,156.46 $205,645.45
SUMMARY
General Fund:
General Revenue $17,893.52
Payroll 500.00 $18,393.52
Parking 77.95
Beach Concession 3,419.92 $ 21,891.39
Service Utilities:
Water $18,887.00
Sewer 60,908.04 79,795.04
Permanent Improvement Revolving Fund 51,935.07
Bond Retirement Fund 18,268.56
Special Assessment Fund 659.47
Building Fund 33,095.92
STRAND
& ROE
Total as Above $205,645.45
-81- EXHIBIT 1-4
City of Hopkins
Hopkins, Minnesota
ACCOUNTS RECEIVABLE
As At December 31 , 1961
GENERAL REVENUE:
Elmer Clark $ 450.00
Great Northern Ins. Co. 121.20
Eden Prairie Township 150.00
R. L. Brubacher 1.05
Village of St. Paul Park 100.00
Federated Mutual 1,427. 61
Independent School District #274 120.28
Service Parts Co. 390.91
Phillippi Equipment 303.21 $ 3,064.26
PERMANENT IMPROVEMENT REVOLVING FUND:
Mark McCarton $ 323.39
Douglas Arnot 132.00
John Benson 104.50 559.89
PUBLIC UTILITIES:
Route Water Sewer Total
Commercial $1,958.13 $1,252. 72 $3,210.85
LA 761.22 360.04 1,121.26
1B 358.81 247.62 606.43
2A 378.95 194.81 573. 76
2B 201.18 125.49 326. 67
3 146.84 73.50 220.34
4 124.80 72.85 197. 65
5A 706.85 824.17 1,531.02
5B 830.56 596. 67 1,427.23
5C 1,088.17 876. 60 1,964. 77
6 1,212.97 933.80 2,146. 77
7 578.39 686.84 1,265.23
8 505.42 474.01 979.43
9 193.89 123.18 317.07
10A 34.29 31.50 65. 79
10B 378.08 81.17 459.25
11 132. 68 69. 60 202.28
12 119.30 74. 74 194.04 STRAND
& ROE
$9,710.53 $7.099.31 16,809.84
Total to Exhibit A $20,433.99
-82- EXHIBIT 1-5
PAYABLES
Special Bond
General Water Sewer Assessment Retirement
Total Revenue Utility Utility Fund Fund Total
$ 270.40 $ $ $ $ $270.40 $ 270.40
6,250.00 6,250.00 6,250.00
250.00 250.00 250.00
50.00 50.00 50.00
6,829.07 6,829.07 6,829.07
101,892.00 101,892.00 101,892.00
0115,541.47 $250.00 $50.00 $101,892.00 $13,079.07 $270.40 $115,541.47
v
STRAND
& ROE
-83- EXHIBIT 1-6
City of Hopkins
Hopkins, Minnesota
INVENTORIES
As At December 31 1961
Description Amount
GENERAL REVENUE:
Office Supplies:
Municipal Office $ 1,428.53
Police 440.00
Assessing 50.00
Court 200.00
Equipment and Supplies:
Engineering Department 20.00
Parking Meters and Supplies 522.00
Road Maintenance and Supplies:
Street Department 12,232.29
Janitorial Supplies:
Municipal Building 400.00
Sports and Craft Supplies:
Recreation 1,571.00 $16,863.82
WATER DIVISION:
Hydrants $ 1,348.00
Hydrant Parts 795. 70
Parts and Supplies 3,966.19
Meters 117.05 6,226.94
SEWER DIVISION:
Chemicals 187.00
Total to Exhibit A $23,277. 76
STRAND
& ROE
-84- EXHIBIT 1-7
City of Hopkins
Hopkins, Minnesota
ACCOUNTS PAYABLE
As At December 31, 1961
GENERAL FUND:
Typewriter Sales $ 129.85
Eugene Bies 5.00
I. B. M. 387. 70
National Soap 26. 78
Service Parts 499.00
Hopkins Motor Sales 1,826. 79
Bi-Lateral Fire Hose 665.00
Sargent Somell 93. 60
Glendale Industries 121.50
A & C Drafting 5.90
Bertelson Bros. 27.80
Blacktop Service 691.50
C. F. Coyer & Associates 163.40
Drill Clinic 10.00
Ehmiller-Cermak 10.10
Gopher State Exterminating 15.00
Gustafson-Fuxa 347.52
Gil's Tire & Auto 47.39
Homedale Nursery 86.00
Hopkins Sand & Gravel 47.30
Hopkins Fire Department 593.00
Janney Industries 119.95
I. C. M. A. 7.50
Justus Lumber 12.19
Koss Paint 64.44
Kinn Standard Service 114.24
Kokesh Hardware 101. 70
Lyle Signs 342.00
A. G. Larson Clothing 133.50
Leef Bros. 3.00
Miller-Davis 3.50
Maschek Cleaner 12.50
Mobile Radio 44.00
Suburban News 229. 75
N. W. Machine & Tool 35.20
Suburban Relief 934.58
Smetana's 159.47
Northside Printing 400.00
Texaco 1,161.14
Suburban Chevrolet 121.11
National Chemsearch 60.00 STRAND
T. C. Engine Rebuilders 16.32 & ROE
A. C. McClurg 87.13
Cadmus Books 23.16
Jean Karr & Co. 18.13
Franklin Watts, Inc. 17.00
Denison & Co. 3.89
Western News Co. 54.09
Golden Press 15.85
Minnesota Fire Equipment 470.17
City of Minneapolis 36.00
Midwest Planning 300.00
Animal Rescue League 168.00
Pokorny Plumbing 50.50
-85- EXHIBIT 1-7
Page 2
City of Hopkins
Hopkins , Minnesota
ACCOUNTS PAYABLE
As At December 31, 1961
GENERAL FUND: (Continued)
Asco, Inc. $ 22.13
Bren Hardware 81.25
Clutch & U-Joint 36. 75
Hennepin Co. Treasurer 126.00
Kleven Oil 182.18
Midway Tractor 1,163.50
Paper Calmenson 29.28
Mary Schefler 40.00
Weckman T. V. 3.15
Mrs. T. C. Kirkeeide 5.50 $12,809.88
SELF-SUSTAINING - DISPENSERS:
Coca Cola Bottling Co. $ 232.00
Pepsi Cola Bottling Co. 317.40 549.40
WATER FUND:
Neptune Meter $ 476. 68
Badger Meter Co. 362.28
Power Process Co. 80.00
Janney Industries 271.10
Dahlberg's 4. 75
Gil's Tire & Auto 62.28
Texaco 37.45 1,294.54
SEWER FUND:
Dahlberg's $ 4. 75
Fairbanks Morse 205.00
Gil's Tire & Auto 73. 64
Texaco 49.92
City of Minneapolis 5,415.19
Pokorny Plumbing 5.13 5,753. 63
Total $20,407.45
po
STRAND
& ROE
-86- EXHIBIT I-8
City of Hopkins
Hopkins, Minnesota
SEWER UTILITY
ACCOUNTS PAYABLE TO CITY OF MINNEAPOLIS
SEWAGE DISPOSAL SYSTEM COSTS
As At December 31, 1961
Installment Due Amount
December 31, 1962 $ 663.56
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 to Exhibit A $2,810.41
V
STRAND
& ROE
-87-
City of Hopkins
Hopkins, Minnesota
BONDED INDEBTEDNESS - ALL FUNDS
For the Year Ended December 31, 1961
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 2.5
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
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, 1962, payment forwarded to fiscal
agent in 1961.
-87- EXHIBIT 1-9
Interest
Balance Issued Paid Balance Paid
1- 1-61 1961 1961 12-31-61 1961
$ 30,000.00 $ $ 10,000.00 $ 20,000.00 $ 500.00
150,000.00 25,000.00 125,000.00 4,500.00
100,000.00 20,000.00 80,000.00 3,330.00
80,000.00 80,000.00 3,280.00
$ 360,000.00 $ $ 55,000.00 $ 305,000.00 $11,610.00
$ 12,500,00 $ (b)$ 2,500.00 $ 10,000.00 $ 150.00
9,000.00 5,000.00 4,000.00 136.50
80,000.00 20,000.00 60,000.00 1,960.00
13,000.00 . 13,000.00 - 325.00
26,000.00 26,000.00 728.00
24,000.00 24,000.00 744.00
36,000.00 36,000.00 1,224.00
$ 560,500.00 $ $ 95,500.00 $ 465,000.00 $16,877.50
$ 9,000.00 $ $ 2,000.00 $ 7,000.00 $ 216.00
33,000.00 11,000.00 22,000.00 550.00
81,000.00 25,000.00 56,000.00 2,187.00
80,000.00 20,000.00 60,000.00 1,920.00
10,000.00 10,000.00 280.00
10,000.00 10,000.00 300.00
$ 223,000.00 $ $ 58,000.00 $ 165,000.00 $ 5,453.00
$ 52,000.00 $ $ 10,000.00 $ 42,000.00 $ 1,175.00
87,000.00 87,000.00 2,523.00
26,000.00 26,000.00 780.00
60,000.00 10,000.00 50,000.00 2,200.00
40,000.00 40,000.00 1,720.00
80,000.00 80,000.00 3,600.00
$ 345,000.00 $ $ 20,000.00 $ 325,000.00 $11,998.00
STRAND
& ROE
$ 65,000.00 $ $ 13,000.00 $ 52,000.00 $ 1,462.50
$1,193,500.00 $ $186,500.00 $1,007,000.00 $35,791.00
i
I
-88-
City of Hopkins
Hopkins, Minnesota
INSURANCE IN FORCE
As At December 31 1961
Latest
Policy Policy Endorsement Policy
Number Carrier Date Date Term Amount
0303-102306 Mutual Service Casualty 3- 3-59 3- 3-64 5 Yrs. $708,219.00
Insurance Co.
CA-3251 Great Northern Insurance Co. 4- 3-61 4- 3-62 1 Yr.
100/300M
5OM
$150.00 Ded.
Various
6- 9-61 4- 3-62
7-20-61 4- 3-62
8- 4-61 4- 3-62
8- 4-61 4- 3-62
869637 Federated Mutual Implement 1- 1-61 1- 1-62 1 Yr. Statutory
and Hardware Insurance Co.
(A) Annual Premium.
-88- EXHIBIT I-10
90% Co-Insurance
Premium Description Buildings Contents
(A) $1,511.59 Fire and Extended Coverage; V. & M. M.
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 St. No. 63,765.00
Street Dept. Garage and Warehouse - 11th Ave. So.
Near 2nd St. So. 17,820.00 900.00
Band Stand - 924 - 1st St. So. 1,494.00 900.00
Street Dept. Shop - 11th Ave. So. Near 2nd St. So. 10,800.00 4,500.00
Warming House - 30 - 13th Ave. No. 900.00
Warming House - 119 Monroe So. 495.00
Warming House - 307 - 2nd Ave. No. 1,008.00
Minnehaha Creek Lift Station - Meadowbrook Golf
Course and 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. 900.00
Garage - Storage - 15 - 8th Ave. So. 1,800.00
Bath House - S 1/2 Shady Oak Addition 4,527.00 1,350.00
Basement Dwelling - Lots 4 and 5, Block 3
Shady Oak 3,150.00
Dwelling - Lots 5 and 6, Section 26-117-22 5,400.00
Dwelling - 22 - 8th Ave. No. 10,000.00
Dwelling - 107 - 11th Ave. So. 10,000.00
Dwelling - 109 - 11th Ave. So. 10,000.00
Dwelling - 101 - 11th Ave. So. 10,000.00
Dwelling - 1004 - 1st St. So. 10,000.00
Dwelling - 1117 - 11th Ave. 10,000.00
$470,069.00 $238,150.00
V
2,140.16 Automobile - Fleet Insurance
STRAND
Bodily Injury & ROE
Property Damage
Collision on Police Cars
Fire and Windstorm
42. 62 1961 Worthington Gang Mower Ctf. #345
22. 71 1961 Ford 3/4 Pickup Ctf. #348
36.89 1961 Chev. 2 T. Garbage Truck Ctf. #347
36.89 1961 Chev. 1/2 T. Pickup Ctf. #346
9,654.29 Workmen's Compensation - Employees
-89-
City of Hopkins
Hopkins, Minnesota
INSURANCE IN FORCE
As At December 31 1961
Latest
Policy Policy Endorsement Policy
Number Carrier Date Date Term Amount
Bond #623288 Western Surety Company 12-31-60 12-31-61 1 Yr. $ 10,000.00
40,000.00
25,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
15,000.00
1,000.00
6,000.00
Bond #960200-60 Western Surety Company 12-13-60 12-13-67 7 Yrs.
Bond #733251-60 Western Surety Company 3- 1-60 8- 1-62 2 Yrs. 1,000.00
Bond #676186-60 Western Surety Company 3- 1-60 8- 1-62 2 Yrs. 1,000.00
Bond #881380-62 Western Surety Company 3- 1-61 3- 1-62 1 Yr. 1,000.00
8310380 The Hartford Steam Boiler 2- 9-61 2- 9-64 3 Yrs. 150M
Inspection & Insurance Co. Limit
VD012976 American Casualty Company of 6- 6-61 6- 6-62 1 Yr.
Reading, Pennsylvania
-89- EXHIBIT I-10
Page 2
Premium Description
$ 447.50 Name - Position Bond - City Manager - Richard L. Brubacher
City Treasurer - Richard L. Brubacher
Deputy Treasurer - Clifford R. Peterson
Finance Officer - Christen P. Nielsen
Municipal Court Clerk - Donald C. Nelson
Ass't Water Superintendent - Joseph Hromadko
Director of Recreation - Richard L. Wilson
Ass't Supt. of Recreation - Betty M. Frazee
Superintendent of Policemen - Howard A. Puck
Police Dispatcher - Raymond J. Kiengle
Patrolmen - Fifteen
Bookkeeper - Lola I. Noergard
Office Clerk - Six
Notary Public Bond - Clifford R. Peterson
Assessor's Bond - Joseph Hromadko
Assistant Assessor's Bond - Arlyn Sala
10.00 Deputy Assessor's Bond - William R. Thompson
(A) 130.19 Boiler Explosion - City Hall
Public Library
196.10 Volunteer Firemen's Accident
Accidental Death or Injury
Death $5,000.00 - Injuries or Disablements per Schedule.
I
STRAND
& ROE
-90- EXHIBIT I-11
City of Hopkins
Hopkins, Minnesota
MUNICIPAL COURT
STATEMENT OF RECEIPTS AND EXPENDITURES
For the Year Ended December 31, 1961
BALANCE - DECEMBER 31, 1960 $ 859.20
RECEIPTS:
Fines, Fees, Bail, and Other 31,526.00
$32,385.20
EXPENDITURES:
Transmitted to City Treasurer $31,170.20
Fines Collected for Hennepin County Treasurer 310.00 31,480.20
BALANCE - DECEMBER 31, 1961 $ 905.00
STRAND
& ROE
-91- EXHIBIT I-12
City of Hopkins
Hopkins, Minnesota
MUNICIPAL COURT
CASH IN NORTHWESTERN NATIONAL BANK OF HOPKINS
As At December 31, 1961
BALANCE PER BANK STATEMENT - DECEMBER 29 1961 $955.00
LESS: Outstanding Checks:
Number Amount
232 $15.00
233 35.00
Total Outstanding Checks 50.00
BALANCE PER BOOKS - DECEMBER 31, 1961 $905.00
FUNDS HELD IN TRUST:
Name Amount
Brecken $ 35.00
Rousher 100.00
Ritacio 100.00
Kaluzne 100.00
Rau 100.00
Rosenberg 50.00
Speedy 100.00
A. Anderson 100.00
Kamer 20.00 705,00
Original Working Capital $200.00
V
STRAND
& ROE
-92- EXHIBIT 1-13 j
City of Hopkins
Hopkins, Minnesota
ASSESSED VALUATION - TAX LEVY
1957 1958 1959 1960
ASSESSED VALUAT ION:
Real Estate $ 7,416,491.00 $ 7,888,086.00 $ 8,023,438.00 $ 8,337,060.00
Personal Property 3,159,461.00 3,161,619.00 3,343,623.00 3,419,384.00
Total Assessed
Valuations $10,575,952.00 $11 ,049,705.00 $11,367,061.00 $11,756,444.00
MILL RATE:
Extended In 1957 1958 1959 1960
Collectible In 1958 1959 1960 1961
TAX LEVY:
General Fund $ 426,096.00 $ 470,415.00 $ 480,902.00 $ 529,304.00
Bonds and Interest 96,641.00 119,802.00 119,863.00 100,375.00
Totals $ 522,737.00 $ 590,217.00 $ 600,765.00 $ 629,679.00
TAX LEVY SPREAD:
General Fund $ 426,105.11 $ 470,496.44 $ 482,418.07 $ 523,161. 76
Bonds and Interest 96,664.20 119,999.80 120,036.16 100,400.03
Totals $ 522,769.31 $ 590,496.24 $ 602,454.23 $ 623,561. 79
STRAND
& ROE