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1 VILLAGE OF HOPKINS, MINNESOTA
REPORT ON EXAMINATIONs
OF VILLAGE RECORDER'S AND VILLAGE TREASURER' S
I
f CASH RECEIPTS AND DISBURSEMENTS RECORDS {
FOR YEAR ENDED DECEMBER 31, 1943
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{ E. E. NOREEN & CO. l
Municipal Accountants and Auditors I
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3Tower -Rand Minneapolis
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VILLAGE OF HOPKINS MINNESOTA
REPORT ON EXAMINATION
OF VILLAGE RECORDER'S AND VILLAGE TREASURER'S
CASH RECEIPTS AND DISBURSEMENTS RECORDS
FOR YEAR ENDED DECEMBER 310 1943
Village of Hopkins, Minnesota
IFDEX
Exhibit "A" - Balance Sheet as at December 31, 1943.
Exhibit "B" - Summary of Fund Balances.
Schedule "A-1" - Bonded Indebtedness.
Schedule "B-1" - General Revenue Fund- Statement of Recorded Receipts and
Disbursements.
Schedule "B-2" - Park Fund- Statement of Recorded Receipts and Disburse-
ments.
Schedule "B-3" - Music Fund- Statement of Recorded Receipts and Disbursements.'
Schedule "B-4" - Fire Fund- Statement of Recorded Receipts and Disburse-
ments.
Schedule "B-5" - Poor Fund- Statement of Recorded Receipts and Disburse-
ments.
Schedule "B-6" - Library Fund- Statement of Recorded Receipts and Disburse-
ments.
Schedule "B-7" - Garbage Collection Fund- Statement of Recorded Receipts
and Disbursements.
Schedule "B-8" - Dow Property Fund- Statement of Recorded Receipts and
Disbursements.
Schedule "B-9" - Water Fund- Statement of Recorded Receipts and Disburse-
ments.
Schedule "B-10"- Road and Bridge Fund- Statement of Recorded Receipts and
Disbursements.
Schedule "B-11" - Special Assessment, Bond and Interest Fund- Statement of
Recorded Receipts and Disbursements.
Schedule "B-12" - Sewage Disposal Fund- Statement of Recorded Receipts and
Disbursements.
EDOUARD E. NOREEN. CERTIFIED PUBLIC ACCOUNTANT
MEMBER, AMERICAN INSTITUTE OF ACCOUNTANTS
MEMBER, MINNESOTA SOCIETY OF CERTIFIED PUBLIC ACCOUNTANTS
ADMITTED TO PRACTICE BEFORE THE TREASURY DEPARTMENT
ADMITTED TO PRACTICE BEFORE THE TAX COURT OF THE UNITED STATES
E. E. NOREEN & Co.
Municipal Accountants and Auditors RAND TOWER
l� MINNEAPOLIS,MINN.
August 30,1944
To The Honorable Mayor and
Members of the Village Council,
Hopkins, Minnesota
Gentlemen:
In accordance with your instructions, we have made an examination
of the Village Recorder' s and Village Treasurer' s Cash Receipts and Disburse-
ment Records of THE VILLAGE OF HOPKINS, MINNESOTA, for the year ended Dec-
ember 31, 1943 and herewith submit our report thereon, together with the
attached Exhibits and Schedules as listed in the preceding index. We did
not examine the Special Assessment Records upon specific instructions of the
Village Council and officers, and, therefore, assume no responsibility for the
accuracy of the transactions involving Special Assessments .
REPORT
The following comments will have reference to the items appearing
on the Balance Sheet, Exhibit "A" .
CASH IN BANKS-$24,260.38
The balances in the various funds on deposit in the Security
National Bank and the First National Bank of Hopkins are shown on the
Balance Sheet and comprise the above amount. We checked the canceled warrants
returned by the banks for the year ended December 31, 1943 to the Clerk' s
Disbursement record. The recorded receipts were traced to the banks as de-
posits by comparing the entries in the records with the deposits appearing
on the bank statements. The bank balances in the various funds as shown by
the Recorder' s books were reconciled with the balances in the respective
funds as shown by the bank statements, after giving effect to warrants out-
standing. The bal ances in the several funds indicated by the records of the
Treasurer were also reconciled with the Recorder' s balances as at December
31,1943. In Exhibit "B" we show a summary of the fund balances and also a
reconciliation of the Recorder' s fund balances with the Treasurer' s fund
balances as at December 31, 1943.
ACCOUNTS RECEIVABTF-X551.85
The above amount is composed of water consumers' accounts outstand-
ing as at December 31, 1943. These balances are in accordance with the records
maintained by the Water Collector and were not confirmed by communicating with,
the consumers.
INVESTMENTS- '24,800.00
The investments consist of the following U.S. Savings Bonds which
were produced to us by the Village Treasurer:
OUR REPORTS AND CERTIFICATES ARE ISSUED WITH THE UNDERSTANDING THAT,IF PUBLISHED,EITHER THEY MUST
BE REPRODUCED IN THEIR ENTIRETY,OR SHOULD IT BE DESIRED TO PUBLISH ANY REFERENCES TO
OR EXTRACTS FROM THEM,THAT SUCH SHALL BE SUBMITTED FOR OUR APPROVAL.
Village of Hopkins,Minn.
Report- Continued Page 2
Property of Sewage Disposal Plant Fund:
10- $1,000.00 Series "G", U.S. War Bonds
dated August 1942- Due in 12 Years;
Nos.M750,672G to M750,681G, Inc1. 10,000000
1- $10,000.00 Series "F" U.S. Savings bond #X144481F;
Due Sept. 1955 7 400.00
17,400.00
Property of Water Fund:
1- $10,000090 Series "F", U.S. Savings Bond #X144492F;
Due Sept . 1955 $ 7t 400.00
ASSESSMENTS RECEIVABLE
Upon instructions from the Village Council and Officers, our
examination did not include the verification of receipts from Special Assess-
ments- hence, the amount of Assessments Receivable could not be computed.
FIXED ASSETS-$347,624.60
The various classes of fixed assets are shown on the Balance Sheet
and are in accordance with the amounts appearing on the report for the year
ended December 31, 1942. No capital expenditures had been made during the
' year 1943.
BONDS AND IMPROVEMENT WARRANTS OUTSTANDING-123,718.20
We submit in Schedule "A-1" details of the above liability. We
sighted all the canceled bonds and improvement warrants which had been paid
during the year under review. The following is a summary of maturities:
Year Due Amount
1943 $ 1,400.00
1944 17,650.82
1945 20,596.81
1946 18,467.85
1947 15,755.68
1948 12,897.76
1949 9,419.76
1950 8,419.76
1951 8,419.76
1952 6,419.00
1953 4,271.00
Total $ 123,718.20
SURPLUS-1273,518.63
This amount represents the difference between the total assets and
the total liabilities shown on the Balance Sheet, Exhibit "A" . Assessments
Receivable are not included as assets for reasons previously stated.
Village of Hopkins,Minn.
Resort- Continued Page 3
GENERAL
We submit in Exhibit "B" a Summary of the Fund Balances as at
December 31, 1942, Receipts and Disbursements during 1943, and Summary of
Fund Balances as at December 31, 1943. This statement is supported by Schedules
"B-1" to "B-12" inclusive.
We present in Schedule "B-1"- a statement of the Receipts and Dis-
bursements of the General Revenue Fund for the year ended December 31, 1943.
In Schedule "B-2" we show the Park Fund Receipts and Disbursements
for the above mentioned period.
The Music Fund Receipts and Disbursements are shown in Schedule
"B-3" .
The Receipts and Disbursements of the Fire Fund are presented in
Schedule "B-4'.
In Schedule "B-5" we submit the Receipts and Disbursements of the
Poor Fund.
The Receipts and Disbursements of the Library F "`gid are shown in
Schedule "B-6".
The Receipts and Disbursements of the Garbage Collection Fund are
shown in Schedule "B-7" .
In Schedule "B-8" we show the Receipts and Disbursements of the Dow
Property Fund.
The Receipts and Disbursements of the tater Fund are set forth in
Schedule "B-9" .
In Schedule "B-10" we show the Receipts and Disbursements of the
Road and Bridge Fund.
The Receipts and Disbursements of the Special Assessment, bond and
Interest Fund are shown in Schedule "B-il" .
In Schedule "B-12" we show the Receipts and Disbursements of the
Sewage Disposal Fund.
The above statements of recorded receipts and disbursements were
compiled from the records maintained by the Village Recorder.
It was necessary for us to sub-analyze all receipts and all dis-
bursements in order to prepare the aforementioned statements .
The receipts of money from Hennepin County for taxes received
during the year were checked with the remittance forms submitted by the County
Treasurer.
We verified the recorded receipts from licenses, permits,etc. by
checking the stubs against the Clerk' s receipts record. Moneys received from
dog licenses were compared with the detailed record of dog tags issued.
We verified the moneys received from fines by checking the dockets
maintained by Justice of Peace Foley.
Village of Hopkin s,Minn.
Report- Continued Page 4
Filing fees paid by candidates filing for offices were also
verified by reference to the stubs.
No permits of any kind should be issued unless the fees therefor are
collected at the time of issuance.
Water meters should also be collected for at the time of sale.
We wish to call attention to the fact that any payments made to
Village Officials or Councilmen for materials, supplies, services, etc. other
than their regular salaries and allowable expenses are considered to be in
contravention of the laws of the State of Minnesota.
We sighted the insurance policies in force and found that fire
and tornado insurance are being carried on the Village Hall, Library and
Contents . The Water Tower is also covered by fire and tornado insurance. The
fire trucks are covered by fire and tornado insurance. Trucks are covered by
fire, theft, property damage and liability insurance. We found that workmen' s
compensation insurance is also in force.
Mr. Frank N. Whitney, Village Recorder, has provided a fidelity
bond in the amount of $1,000.00 and Mr. A.W. Elmquist, Village Treasurer, is
covered by a fidelity bond in the amount of 615,000.00. Herman A. Olson,
Water Collector and Utility Man, is also covered by a fidelity bond in the
amount of $1,000.00. Mr. Dan Foley, Justice of Peace, is covered by a
fidelity bond of $500.00 vh ich we were informed is on file in the office of
the Clerk of District Court . Mr. Ted H. Johnson, Constable, is also covered
by a fidelity bond of $500.00.
The Village Council has designated the First National Bank and The
Security National Bank- both of Hopkins,Minnesota- as depositories for Village
funds. The collateral security provided by the banks is as follows:
Receipt number
First National Bank- Hopkins Minnesota Federal Res. Bank
11.S. Treasury Bonds - 12.4-77:47----- $ 20,000.00 1863
Securit . National Bank- Ho.kins Minnesota
• .S . Treasury =on.s • . :- • 10,000.00 13636
Commodity Credit Corporation-Series G-
2-15-45 2,000.00 12004
Village of Hopkins-Certificate of Indebt-
edness 2,758.80 11850
Village of Hopkins- " n n 459.80 11849
n n n n If 778.58 11842
ft ft n Sewer Warrant #10 270.50 3-20-36
n ft rf ft " #9 448.00 3-20-36
n n it n11 "10 448 .00 3-20-36
Totals $ 17,163.68
The above collateral is augmented by $5,000.00 Federal Deposit
Insurance Corporation Insurance in each case.
Village of Hopkins1 Minn.
Report- Continued Page 5
No entries had been made to the General Ledger accounts during
the past twelve years except that as bonds and certificates of indebtedness
had been issued and paid, entries had been made to these accounts.
In conclusion, we wish to express our appreciation for the
facilities and courtesies extended to us during the course of our examination.
Respectfully submitted,
E. E. NOREEN & CO.
By
Certified Public Accountant
Village of Hopkins, Minnesota EXHIBIT "A"
BALANCE SHEET
As at December 1, 1943
ASSETS
Cash in Banks- Net
General Funds 3,306.24
Water Fund 7,830.79
Road and Bridge Fund 3,132.58 1
Special Assessment & Bond and Interest Fund 5,080.39
Sewage Disposal Fund(Savings and Checking Account) 4,140.10
Water Fund-Water Collector' s Account 770.28
Total Cash in Banks- Net 24,260.38
Accounts Receivable (Water and Sewer) 551.85
Investments
Sewage L sposal Fund:
U.S. Savings Bonds $ 17,400.00
Water Fund:
U.S. Savings Bonds 7,x00.00 24,800.00
Assessments Receivable
(Upon instruc ions from the Village Council and
Officers, our examination did not include the
verification of receipts from special assessments;
hence the amount of assessments receivable could
not be determined)
Fixed Assets
Village Hall, Equipment and Land 22,648.23
Parks, Playgrounds and Equipment 9,286.98
Fire Department Equipment 17,360.00
Road. Equipment 13,316.40
Sewer Systems 77,137.01
Sidewalks, Curbs and Gutters 34,289,87
Streets, Crossings, Paving and Roads 65,507.60
Ornamental Lights 10,827.38
Water Plant and System 78,850.81
Ford Truck 537 .00
Gas Plant 13,432 .82
Garbage Truck 1, 592.50
Chevrolet Police Car 838.00
Park Property-Leathers 2,000.00 347,624.60
TOTAL ASSETS $ 397,236.83
LIABILITIES
ponds and Improvement Warrants Out- 123,718.20
standing( Schedule "A-1" )
Surplus
Avalable 49,612.23
Unavailable 123,713.20
Invested in Fixed Assets 34�7,624.60 273,518.63
TOTAL LIABILITIES $ 397,236.83
Village of Hopkins,Minnesota EXHIBIT "B"
SUMMARY OF FUND BALANCES-DECEMBER 31t 1942
RECEIPTS AND DISBURSEMENTS DURING 1943, AND
SUMMARY OF BUND BALANCES DECEMBER 31, 1943
Fund 1943 Fund
Balances Receipts Dis- Balances
4an.1,1943 1943 Total bursements 12-31-43
General Fund:
General Revenue $ 2, x'19.34 23,887.70 $ 2p,967 .868 31,482.48 $10,514.62
(Sch."B-1" )
Park (SCh."B-2" ) 1,325.04 2,139.96 3,465.00 3,060.52 404.48
Music(Sch."B-3" ) 662.95 1,533.08 2,196.03 2,049.28 146.75
Fire (Sch."B-4") 1,347.03 4,714.03 6,061.06 3,856.61 2,204.45 1
Poor (Sch."B-5" ) 4,479.99 10,814.05 15,294.04 4,467 .66 10,826.38 I
Library(Sch."B-6") 122.84 1,789.48 1,912.32 1,750.71 161.61
Garbage(Sch."B-7") 260.91 3,037.32 3,298.23 1,854.17 1,444.06
Dow(Sch."B-8" ) 2,281.8r/ 915.00 -0- 1,365 . ?7
Total General Funds 2,997.05 48,830.62 51,827.67 48,521.43 3,306.24 !
Water Fund(Sch."B-9" ) 10,316.59 13,866.74 24,183.33 16,352.54 7,830.79
Road & Bridge Fund
(SCh."B-10") 4,391.25 21,801.77 17,410.52 14,277.94 3,132.58 I1
Special Assessment & •
Bond & Int. Fund ",922 .02 60, 539.26 52,617.24 47,536.85 5,080.39
(Sch."B-Il")
Sewage Disposal Fund 5,212.73 7, 973.48 13, 186.21 9,046.11 4,140.10 ;
(Sch."B-12")
Total All Funds $ 6,213.10 $153,011.87 $159,224.97 $135,734.87 $23,490.10
Above Fund Balances do not include U.S. Savings bonds of $7,400.00
owned by the Water Fund,and $17,400.00 owned by the Sewage Disposal
Fund.
RECONCILIATION OF RECORDER'S FUND BALANCES
WITH TREASURER'S FUND BALANCES
As at December 31z 1943
Treasurer' s Out- Recorder' s
Fund standing Fund
Balances Warrants Balances
General Fund $ 4,098.42 $ 792.18 $ 3,306.24
Water Fund 7,830.79 -0- 7,830.79
Road and Bridge Fund 3,319.13 186.55 3,132.58
Special Assessment & Bond & Int. Fund 5,080.39 -0- 5,080.39
Sewage Disposal Fund 4,140.10 -0- 4,140.10 1
Totals $ 24,468.83 $ 978.73 $ 23,490.10
Note: Water Collector' s Cash in Bank amounted to $770.28 as at December
31,1943. $539 .20 was deposited in the regular Water Fund account and
$231.08 was deposited in the Sewage Disposal Fund on January 15,1944. I
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Village of Hopkins, Minnesota SCHEDULE "B-1"
GENERAL REVENUE FUND Page
STATEMENT OF RECORDED RECEIPTS AND DISBURSEMENTS
Receipts
Taxes 12,035.41
Licenses 9,314.40
Permits 61.20
Dog Tax 165.30
Fines 983.50
Filing Fees- Candidates 6.00
Insurance Refunds 112.18
City Hall Rent 135.00
Miscellaneous 15.21
Sale of Old Lumber and Scrap 97.50
Janitor Work 30.00
Refund-Rural Henn.Co.Surplus Oormodities Committee 872.00
Sale of Time Clock 60.00
Total Receipts $ 23,887.70
Disbursements
Salaries:
Recorder $ 1,062.00
Attorney 420.00
Treasurer 335.00
Assessor and Deputy 422.20
Health Officer 100.00
Village Despatcher 90.00
Mayor 480.00
Trustees(3) 1,080.00
Fire Marshall 300.00 4,289.20
Lighting of Streets and Buildings 6,717.09
Insurance and Bond Premiums 1, 530.37
Stationery, Printing and Publishing 841.72
Telephone 265.09
Gas 13.95
Dues,League of Minnesota Municipalities 60.00
Audit 110.50
Election Expense 117.95
Annual Appraisal 25.00
Labor, Fuel, Materials,Supplies and Miscellaneous 3,035.20
Gas, Oil, etc. 671.60
Engineer' s Services 50.00
Dog Catcher 30.00
Victory Tax(Part of Salaries and Wages) 347.63
Justice Fees 3.50
Convention Expense 9.70
Transfer to Road and Bridge Fund 8,000.00
Total General Disbursements(Forwarded) 26,118.50
Total Receipts (Forwarded) 23,887.70
Village of Hopkins, Minnesota SCHEDULE "B-1"
GENERAL REVENUE FUND Page 2
STATEMENT OF RECORDED RECEIPTS AND DISBURSEMENTS
Total Receipts ( Brought Forward) $ 23,887.70
Total Disbursements(Brought Forward) ' 26,118.50
General Revenue Fund Disbursements(Continued)
Police Department:
Salaries-Policemen $ 3,668.40
" Special Policemen 1,011.42
Police Car Expense 151.95
Light and Telephone 19.25
Despatcher 239.50
Miscellaneous 273.46 5, 363.98
Total Disbursements 31,482.48
Excess of Disbursements over Receipts $ 7594.78
FUND RECONCILIATION
Balance in Fund- December 31,1942(Overdraft) $ ,919.84
Deduct: Excess of Disbursements over Receipts 7,594.78
Balance in Fund- December 31,1943(Overdraft)
Village of Hopkins,Mi.nnesota SCHEDULE "B-2"
PARK FUND
STATEMENT OF RECORDED RECEIPTS AND DISBURSEMEI'TS
Receipts
2,032.34
Miscellaneous 2.62
Rent 105.00
Total Receipts $ 2,139.96 I
Disbursements
La'6or,Materials,Supplies and Miscellaneous
at Parks and Skating Rinks 3,060.52
Total Disbursements 3,060.52
Excess of Disbursements over Receipts 920. 6
FUND RECONCILIATION
Balance in Fund- December 31,1942 $ 1,325.04
Deduct: Excess of Disbursements over Receipts 920.56
Balance in Fund- December 31,1943 ti 404.48
MUSIC FUNDSCHEDULE "B-3"
STATEMENT OF RECORDED RECEIPTS AND DISBURSEMENTS
Re c
axes 6 1,533.08
2.91131.1-119-2.212-t-1 1,533.08 ,
Disbursements
Hopkins�M icipal Band -Concerts $ 1,050.00
Uniforms 995.75
Lights 3.53
Total Disbursements 2,049.28
Excess of Disbursements over Receipts $ 516.20
ZONIONNIMINSCOM
FUND RECONCILIATION
Balance in Fund December 31 1942 $ 662.95
Deduct: Excess of Disbursements over Receipts 516.20
Balance in Fund- December 31, 1943 $ 146.75
Village of Hopkins, Minnesota SCHEDULE "B-4"
FIRE FUND
STATEMENT OF RECORDED RECEIPTS AND DISBURSEMENTS
Receipts
Taxes $ 2,661.98
Fire Calls 630.00
Fire Contracts 1,220.00
Firemen' s Relief Ass'n(From State) (See dis-
bursements below) 201.05
Miscellaneous 1.00
Total Receipts $ 4,714.03
Disbursements
Salary- espatcher 225.00
Salary-Steward 300.00
Firemen' s Services 1,425.00
Telephone 76.65
Firemen's Relief Association 201.05
Transfer to S.A..B.I . Fund 1,540.00
Miscellaneous 88.91
Total Disbursements 3,856.61
Excess of Receipts over Disbursements $ 857.42
FUND RECONCILIATION
Balance in Fund, December 31, 1942 S 1,347.03
Add: Excess of Receipts over Disbursements 857.42
Balance in Fund, December 31, 1943 5 2,204.45
Village of Hopkins, Minnesota SCHEDULE "B-5"
POOR FUND
STATEMENT OF RECORDED RECEIPTS AND DISBURSEMENTS
Receipts
Taxes $ 9,389.32
State of Minnesota Relief Aid 1,089.73
Refund-Poor Aid 15.00
Payments on Extine Contract 320.00
Total Receipts $ 10,814.05
Disbursements
Suburban Hennepin County Relief Board 3,378.02
Hennepin County Board of Poor Relief 948.00
Rural Hennepin County Surplus Commodities Committee 90.19
Lights- Sewing Project 48.45
Miscellaneous 3.00
Total Disbursements 4,467.66
Excess of Receipts over Disbursements $ 6,346.39
FUND RECONCILIATION
Balance in Fund, December 31,1942 6 4,479.99
Add:Excess of Receiptsover Disbursements 6,346.39
Balance in Fund December 31 1943 P 10,826.38
LIBRARY FUNDSCHEDULE "B-6"
STATEMENT OF RECORDED RECEIPTS AND DISBURSEMENTS
Receipts
Taxes $ 1,789.48
Total Receipts $ 1,789.48 ,
Disbursements
Salary- Librarian 922.00
Books,Magazines,Publications,Supplies and
Miscellaneous 828.71 1,750.71
Excess of Recei• ts over Disbursements 38.77
FUND RECONCILIATION
Balance in Fund, December 31, 1942 122.84
Add: Excess of Receipts over Disbursements 38.77
Balance in Fund- December 31, 1943 161.61
Village of Hopkins, Minnesota SCHEDULE "B-7"
GARBAGE COLLECTION FUND
STATEMENT OF RECORDED RECEIPTS AND DISBURSEMMmENTS
Receipts
Taxes $ 3,037.32
Total Receipts $ 3,037.32
Disbursements
Garbage Collection 1,710.54
Truck Expense 111.47
Miscellaneous 32.16
Total Disbursements 1,854.17
-
Excess of Receipts over Disbursements $ 1,183.15
FUND RECONCILIATION
Balance in Fund,December 31, 1942 0 260.91
Add:Excess of Receipts over Disbursements 1,183.15
Balance in Fund, December 31, 1943 1,444.06
SCHEDULE "B-8"
DOW PROPERTY FUND
STATEMENT OF RECORDED RECEIPTS AND DISBURSEMENTS
Receipts
Rents Received $ 895.00
Sale of Bath Tub 20.00
Total Receipts S 915.00
Disbursements -0-
Excess of Receipts over Disbursements 915.00
FUND RECONCILIATION
Balance in Fund- December 31, 1942( Overdraft) $ 2,281.8'
Add:Excess of Receipts over Disbursements 915.00
Balance in Fund- December 31, 1943(Overdraft) $ 1,366.87
Village of Hopkins, Minnesota SCHEDULE "B-9"
WATER FUND
STATEMENT OF RECORDED RECEIPTS AND DISBURSEMENTS
Receipts
Collections on Water Bills $ 13,061.40
Sales of Water Meters 639.69
Water Main Repairs 50.90
Water Permits 98.75
Refund-Pittsburgh Meter Ca. 16.00
Total Receipts 0 13,866 .74
Disbursements
Salary- -uperintendent 1,848.70
Assistants 2,185.60
Labor 356.75
Power 2,865.50
Meters 577.61
Repairs 127.40
Stationery, Printing and Postage 16.53
Softening Supplies 426 .02
Collector of Internal Revenue 140.30
Miscellaneous 408.13
U.S. Savings Bonds Purchased (Series "F" ) 7 400.00
Total Disbursements 16,352.54
Excess of Disbursements over Receiets $ 2,485.80
FUND RECONCILIATION
Balance in Fund, December 31, 1942 $ 10,316.59
Add: Excess of Disbursements over Receipts 2, 485.80
Balance in Fund- December 31, 1943 $ 7,830.79
Note: In addition to the above balance, the Water
Fund owns $7,400.00 of emeries F. U.S. Savings
Bonds.
Village of Hopkins,Minnesota SCHEDULE "B-10"
ROAD AND BRIDGE FUND
STATEMENT OF RECORDED RE IPTS AND DISBURSEMENTS
Receipts
Taxes $ 12,525.82
Transfer from General Fund 8,000.00
Repairs to Streets 1,075.15
Snow Plowing 92.80
Sewer and Water Permits 108.00
Total Receipts $ 21,801.77
Disbursements
--tomrmiss1onrs Salary 1,788.00
Street Labor 5, 596.60
Team Labor 323.05
Gravel 113.95
Oil 699.10
Oiling 11.02
Snow Removal 3,186.04
Street Repairs 428.16
Repairs 342.71
Collector of Internal Revenue 225.20
Interest Paid on Warrants 247.39
Supplies,Materials and Miscellaneous 1316.72
Total Disbursements 14,277.94
Excess of Receipts over Disbursements S 7, 523.83
FUND RECONCILIATION
Balance in Fund- December 31, 1942 4,391.25
Add: Excess of Receipts over Disbursements 7,523.83
Balance in Fund- December 31 1943 $ 3,132.58 j
1
Village of Hopkins, Minnesota SCHEDULE "B-11"
SPECIAL ASSESSMENT BOND AND INTEREST FUND
STATEMENT OF RECORDED RECEIPTS AND DISBURSEMENTS
Receipts
Taxes- Special Assessments from County $ 9,333.42
Special Assessments Collected Locally 64.90
" tt tt tt 971.39
" It tt It 81.96
" " tt tt 176.00
ft " II tt 4,999.57
Reimbursed for Sidewalk Repairs 25E .78
From Fire Fund- Transfer 1, 540.00
Proceeds from Sale of Certificates of Indebtedness A23,716.02
tt; " " It It It " B17,720.22
"- it II It tt II tt 168000
, .
Total Receipts $ 60,539.26
i
Disbursements
Bonds and 'LPertificates of Indebtedness Paid 17,729.18
Interest Paid 2,689.36
Collection Charges 6.75
Printing 19.00
Engineering 6.00
Collector of Internal Revenue 95.90
Legal Fees 147.50
Construction Costs:
Interlachen Sewer 9,996.52
" Laterals 15,385.48
5th Avenue North Sewer 15.70
6th Avenue North Sewer 1,006 .16
16th " " " 439.30
Total Disbursements 47, 536.85
Excess_of Receipts over Disbursements i 13,002.41
FUND RECONCILIATION
Balance in Fund- December 31, 1942(Overdraft) S 7,022.02
Add: Excess of Receipts over Disbursements 13,002 .41
Balance in Fund- December 31, 1943 $ 5,080.39
Note: A- Includes Premium of $216.02
B tt " tt ; 10 22
Village of Hopkins, Minnesota SCHEDULE "B-12
SEWAGE DISPOSAL FUND
STATEMENT OF RECORDETREdEIPTS ANf- DISBURSEMENTS
SAVINGS ACCOUNT
Receipts 5,597.76
Collections (Equal to 30,0�, ��ofVater Collections)
Taxes Collected 1,074.53
Interest on U.S. Bonds 250.00
" " Savings Account 51.19
Total Receipts $ 6,973.48
Disbursements 1 000.00
Transfer` o CheckingAccount
Purchase of Series F" 7.S. Savings Bonds 7,400.00
Total Disbursements 8400.00
Excess of Disbursements over Receipts $ 1 3i._..._,._426 ,52
CHECKING ACCOUNT
Receipts
Transfer from Savings Account S 1,000.00
Total Receipts $ 1,000.00
Disbursements 500.00
Ralph Thomas & Associates- Survey
Wm. H. Ziegler Co. Merchandise 130.00 30.
Printing Checks
11
Total Receipts 646.11
Excess of Receipts over Disbursements $ 353.89
FUND RECONCILIATION
Balance in Fund, December 31, 1942 $ 5,212.73
Add: Excess of Receipts over Disbursements- Checking Account 5,566.6253.69
3
Deduct: Excess of Disbursements over Receipts- Savings Account 1,426.52
Balance in Fund, December 31, 1943 $ 4,140.10 .
Note: In addition to the above balance, the Sewage
Disposal Fund owns the following:
10- $1,000.00 Series "G" U.S. war Bonds $ 10,000.00
1- $10,000.00 Series "F" U.S. Savings Bond 7,400.00
Total $ 17,400.00