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1947 City of Hopkins, MN Annual Financial Report FINANCIAL STATELMNTS' VILLAGE OF HOPKINS, MINNESOTA - - - - ,•• December 31, 1947 _11,13E12.rr E. LA,-71;2 CERTIFIED PUBLIC ACCOUNTANT 1010 FOSHAY TOWER MINNEAPOLIS P.r er — ),../4/...... '— z.'7 -k...5"70 \_,,, ____ __ ,-, _ ,, _dorife-0-14._ # . . . .. . , ,f,,,,,e-...4. ,;:z...4-eg . ..-z,..., .. . , , d , i . ., ‘,,,,,,...„......A„,c, „.. „I:0 ,,,,r,..,„ , . . .. .''''/I,Ai _44, ://94'.-17-1.:tii:r. - iBL71d •/119. ---i...0412 7/04 .er .. ...7(. i 1 . kre w u . ...*„..„...,.../. . /Y it„.• /V 1," . . . - • - crici .. . . - • -(1,.7. --e-311f.. . )('2.:(±3_,9'. . ., . ., .. . . - . _ . 4,...,47...,c.), t irc,y 3 ID . . .. 1.,,:e'.. S J'f~ --c,‘',..) ? i -- . ,Lteg."7 .itfre41 • / i -� 6 i .. II 4,-(4..'...„. .c-, i20.7;-4-0-4":"1-f 4t." letr, - "4.`.i '-"'" t 'c- ';',11 'H r .. . .. I, FINANCIAL STATEMOTS VILLAGE 02e HOPKINS, MINNESOTA December 31, 1947 rjL ...•0©000 - Bilge t,0mmr+NTO.. .. . ... . . .• .... . ..f 6 COMPARATIVE BALANCE SIThE1. . . . . . . e . . . . . . . . . . • . . • • 7 CASH RECEI.c T S AIM DI SBUR SE:a; TS. S'UMMABY. . . . . . . . . . .... . 9 BONDED INLBTENESS . .. 10 GENERAL R N YBNUE FUND ....... 12 'OLIC ; FUND. . . . . . . . . . . . . . . •.. . .. .... ... . .. ... .. . . . 14 PARK :BUND. . . . • • • . r . • • • •• • . ... ..... .. . .. . 15 X, MUSK FUND • . . . .•. • . • •ib FIRE DEPARTMENT UNv....... . . . . . . . . . . . . F . . . . . . . . ... . •. 17 POOR FUND . • . < . 18 LIBRARY FUND 19 GARBAGE C OLLEC`I IONi FUND. . . .. . .. . 20 &BATHI SIG BEACH FUN . . . . . .. . .. . .•. . 21 PARKING gE"rER FUND 22 WATER FUND �3 ROAD AND BRIDGE FUND . . . . . . . . i . . . . . . . . . . . . . 24 SPECIAL AiSESS NT S — BOND AND INTEREST FUND . 25 SEWAGE DISPOSAL FUND. . . • . . . . . . . . . . . . . . .. ,. . • . .. . . ...• • 26 SEWAGE DISPOSAL — TRUST FUND 27 INSURANCE IN FORD. . . . . . . . . . . . . . . . ..... • . . 28 --0000©-- ALBERT E. LARSEN CERTIFIED PUBLIC ACCOUNTANT 1010 FOSHAY TOWER MINNEAPOLIS April 15, 1948 Members of the Village Council, Village of Hopkins, Minnesota. Gentlemen; As per your request, we have examined the books of account and record of the Village of Hopkins, Minnesota, for the year ended December 31, 1947 and submit herewith our re- port , together with the accompanying schedules as indicated on the index., shown on the preceeding page. Our examination was limited to the checking of the recorded cash receipts and disbursements and we made no attempt to verify the correctness of the vouchers or recorded entries by correspondence or otherwise. All receipts issued for monies collected were checke(1 to the entries in the cash books of the various funds. koniez remitted by the county Treasurer for taxes collected were checked by reference to remittance forms submitted by the count; Auditor. All recorded cash receipts were traced to the bank deposits. Cash on Deposit of the various funds was reconciled with the bank statements after giving effect to outstanding warrants not paid by the banks as of December 31, 1947. The cash balances shown by the Village Treasurer ' s books were checked and found to be in balance with ti records of the Village Recorder. All claims filed with the Village and all paid vouchers returned by the depository banks were thoroughly examined b,1 us. The cash receipts from fines were verified by checking the dockets of the Justices of the Peace. The dockets were found to be in good order and remittances are being made to the Village Recorder currently. The records of the water department were checked and found to be in good order. During the year the Village acquired 1.14 acres of land for a new well site at a cost of ' 1,140.00. Our certificate or report upon an audit or examination is delivered to client with the distinct understanding that any advertisement publication or copy therefrom, in full or in part, of such certificate or report shall be in the form to be approved by us. .3. Unissued dog tags and bicycle licenses on hand were reconciled with the numbers purchased and sold. e examined the U. 6. Bonds in the custody of the Village Treasurer. These bonds are shown on the Balance Sheet at their cost of : 41,080.00 and have a maturity value of $52,000.00 , e verified the details of the sewage Disposal Trust Auld by communication with the Sorthwestern National Bank of A.nneapolis , Trustee of the, fund. Bonds having a par value of ;50,000.00 were sold during the year to meet. the contract pay- ments for installation of sewage disposal mains. .3cpenditures amounting to 226,019.63 were capitalized during trie year and charged to the following Fixed Assets accounts. Water System ,4; 17,907.91 Sewer 4stem 121,679.33 Sidewalks and Curbing 7,026.60 Sewage Disposal System 79,203.59 $226,019.63 No provision has been made on the accompanying Balance Sheet for special assessments levied but not yet paid. The omission is in accordance with the practice for prior years in not setting up the amounts of Special Assessments Receivable. The bond ledger was checked in detail and found to be in balance with the bonded indebtedness schedule included in this report. All warrants issued in payment of bonds redeemed and interest paid were examined. The maturity dates by years of outstanding bonds at ,jecember 31, 1947 are as follows: 1947 1,400.00 1958 39,500.00 1948 32,736.99 1959 17,500.00 1949 51,658.99 1960 17,500.00 1950 50,658.99 1961 17,500.00 1951 51,658.99 1962 17,500.00 1952 49,658.23 1963 17,500.00 1953 47,510.23 1964 16, 500.00 1954 43,239.23 1965 16,500.00 1955 43,239.23 1966 3,500.00 1956 43,239.23 1967 1,000.00 1957 3,7,500.00 1968 l000.0O TOTAL BONDED LbaEBTEDNESS ;620,000.11 -4- The bonded indebtedness of the Village increased 240,305.0b during the year ended December 31, 1947 as shown by the following summary : Bonds Issued: ater and Sewer $142,000.00 Sewer 98,000.00 ,,ater 35,000.00 TOTAL ISSUED - 1947 $275,000.00 Deduct : 2aid During 1947 34,694.92 INCREASE DURING 1947 240,305.08 DUring the year 1947 the Village sold three lots for the anm of3,200.00. These lots were acquired by gift in prior years. They were not capitalized on tne Balance sheet when ac- quired and the proceeds have therefor been credited to the general fund. The lots sold are described as follows: Lots 9-10-11 B 5 Darkridge 3,000.00 Lot 11 B 5 arkridge 200.00 $ 3,200.00 On February 5, 1947 the Tillage L:ouncil entered into a contract for the purchase of 150 parking meters at a price of 75.00 each. The terms of payments are stated to be - 1. cost of installa- tion, 2. 75% of the net revenue. The meters were placed in o)eration on Wovember 17, 1947 on a six months trial period. ihe Village has put into effect a resolution adopted Dec- ember 4, 1945 Whereby the employees become members of the Public .1,m- ployees Retirement Association. The plan involves no cost to the Village as the entire cost is borne by the employees through a pay roll deduction of 4%. Deductions cere begun in June 1947. On the effective thite of the plan it was optional with the employees whether they wished to join the plan, however, since then it becomes mandatory for all new employees to become members of the association. The First National Bank of Hopkins and the Northwestern hational Bank of Hopkins are the desigiated depositories for the funds of the Village. -5- • The collateral security provided by the banks as of jecember 31, 1947 is as follows: FEDERAL RESERVE BANK RECEIPT No. AMOUNT First National Bank U. 6. Treasury Bonds 16380 $40,000.00 Northwestern National Bank U. S. Treasury Bonds 16398 20,000.00 Additional security in the amount of BiO,000.00 is provided by the banks' membership in the Federal Deposit Insurance Corporation. e are including in this report a schedule of fidelity bonds and insurance prepared from policies and data subniitted for our in- spection. 4e note that no public liability insurance is carried on the city hall preises. .4e found the records and files of the Village Recorders office to have been kept in a neat and orderly manner. Yours truly, ,;artified Public Accountant. -6- `iOitPARATI VE BNL CE SHSI'T VILLAGE OF HU 'KINS - MINNESOTA DECEzB R 31, Ii;CRE..SE 1947 1946 CASH ON )E 0S IT - PER SCiii iUL. S General Fund 6,002.46 4 4,816.66 4 1,185.80 .vat er y'und 17, 540.75 10,083.08 7,457.67 .toad and Bridge Fund 1,924.76 2,180.55 Special Assessment Fund 73,770.08 133, 573.65 ewage Disposal .Auld 5_, 572.36 3194b.93 1,623.43 sewage Disposal Tr Ast Fund ,083.4 974.00_ - TOTAL GASH 10 8 .88 .00.3 '142 6c4.23 ACCOUNTS RL CEIVABI ' eater and Sewer Accounts 1_--__1,641.23 877.00 64.2 I . d.aS i, Si T'3 -- AT 0,20.. U. S. Treasury and Savings Bonds: Water Fund $ 12,580.00 12,580.00 , -o- Sewage Disposal Fund 28,500.00 28,500.00 -u- Sewage Disposal Trust Fund 170,000.00 220,000.00 TOTAL INVESTMENTS 14i, 211,080.00 X261,080.00 ''.1_2r "., --'1 ...2TOTAL AVAILABLE ASSETS $ 322 ,615.11 $229,156.65 4 93,458.46 FIXED ASSETS Village Hall , equipment and Land 4 22,643.23 4 22,646.23 4 _u_ Parks, u- Parks, 2layground and iquipment 9,286.98 9,286.98 -u- Fire Department Equipment 17,561.72 17,561.72 -o- Road Equipment 15,387.43 15,387.43 -o- ewer System 314,734.27 192,654.94 121,879.33 sidewalks, Curbs and Gutters 53,164.66 46,155.86 7,028.80 Streets, Paving and Roads 78,844.08 78,844.08 -o- ornamental Lights 10,827.38 10,827.38 -o- dat er .±lant and System 175,998.15 158,090.24 17,907.91 Chevrolet Truck 996.09 996.09 -o- Garage - Old Gas Plant 13,432.82 13,432.82 -o- rarbage Truck 1,5 2.50 1,592. 50 -o- Ford Police Car 9d9.19 989.19 -o- au.ic Transmitter 650.00 650.00 -o- :ark :-roperty Leathers 2,000.00 2,000.00 -o- International Truck 2,55.96 2,595.96 -o- i ewa. ;e Disposal 80 '8 : 4.86 1 81.27 ,203. 59 TOTAL PIXY ASSETS p- - 801.714.32694.69 X226,019.63 TOTAL ASSETS 41,124,329.43 8804,851.34 V319,4r/8.09 a_.. ..-., r-__ -7- DEC:ELMER 31, INCREASE 1947 1946 --- SURPLUS BONDED INDEBTED ESS - .ER SCHEDULE 1_620,000.11 6' .0 URPLUS Available - Cash ands - Accounts 322,615.11 : 229,156.65 „a 93,458.46 Invested in 801,714.32 575,694.69 226,019.61 $1,124,329.43 4804,851.34 $319,478.09 Deduct: Bonded Indebtedness 620,000.11 379,695._03 240,305.08 T SURPLUS $ 504,329.32 4425456,31 79,173.01 TOTAL LIA _ILITIES AND SURPLUS 41„1240n.43 3804,851.34 4319,478.09 -8- CASH R EC:.LIi'TS 4;k P PISAURBS ^,EI TS, SU RY VILLAGE OF HoPKINS - MINNESOTA Year Ended December i , 1947 ars=-.___x==__ . o.. BALANCE CASH CASH BAL I E JANUARY UARY RBCEI 'T S DISBURSED DEC R1,B.h1 1, 1947 1947 TOTAL 1947 31, 1947 GEN , R L FUND General 2,667.41 $ 35,455.71 ^ 38,123.12 35,107.57 $ 3,O15. 55 roti ce 2,539.99 12,620.22 10,080.23 11,36 :. 17 1,265. )4 Park 1,762.91 5,221.0,4 6,964.75 4,939.67 2 ,045.08 usic 149.52 1,475. 10 1 ,624. 62 1,500.00 124.62 Fire 752.35 4 ,7.,- 12 :',504.47 5,094.33 410.14 Poor 6,152.07 4,438.43 10,590. 50 3,499.42 7,091.06 Library 581.95 2, 552.82 1,970.87 2 ,564.75 593.88 Garbage 2,738.38 5,167.13 2 ,428.75 7,317.62 4,888.87 Beach 829.88 1,461.64 631.76 1,171.07 539.31 Parking Meters -o- 72`x•90 _ -_-_- 729-.99 105.91 623.99 TOTAL G ENNRAL AM 4,794.06 73,874.91 78,668.97 0 72,666.51 0 6,002.46 : ater 10,083.08 27,333. 64 37,416.72 19,875.97 17,540 .75 _;oa,d and : ridge 2,180.55 30,706.93 32,667.46 30,962.72 1,924. 76 Special Assessment 59,803. 7 313,236.57 253,433.00 17 9,662.92 73,770.08 Sewage Disposal 3,948.93 96,473.62 12,422.55 96,850.19 5,572.36 Sewage Disposal - Trust Fund 5,974.00 56,345.08 62,319.08 57,235.61 5,063.47 rithno1ding Tax 22.60 3,144.40 3 ,167.00 3,167.00 -o- Retirement Auld _______L-2. 1:4_t, 2___________,321.)2.12._______ 326.30 0_ TOI' ;i, CASH - 32,800.35 X603,441.45 ;3570,641.10 :060,747.2241109,893.88 ALL FUNDS -9- BONDPTED:413T4) 3S VIT,LAGE OF HOPKINS - kaNNSOTA December 31, 1947 __________ _____----- - - -- - DATE PURPOSE ,301J TO - Sept. 1, 1936 ,;ater ains Vire Dep. and Bank Oct. 1, 1936 o_ter , a,ins Gus Elmquist Aug. 10, 1937 Fater 1,1ains First 1;ational .Dank Oct. 1, 1936 Storm Sewer State of _;-innesota Feb. 1, 1940 ;4a,ter Ains Cyril Feltl June 1, 1941 J?ire Equipment School District 419 Aug. 1, 1941 ,,ater ,ains Security National Bank Feb. 1, 1942 Sidewalk and Curb First National Bank Feb. 1, 1942 itater .:oins First National Bank Feb. 1, 1942 Sewer First National Bank Sept. 1, 1942 water .ains Security National Bank Sept. 1, 1942 Sewer Security National Bank Sept. 1, 1942 Sidewalk and. Curb Security National Bank Nov. 1, 1942 Sid4walk First National Bank Oct. 1, 1942 Water Lains Piper, Jaffray and hopwood Jan. 1 , 1943 Sewer-Interlachen Piper, Jaffray and Hopwood Dec. 1, 1943 Sewer Laterals-Interlachen Piper, Jaffray and Hopwood Dec. 1, 1943 Sidewalk and Curb First National Bank lar. 1, 1945 "ater System Piper, Jaffray and Hopwood Oct . 1, 1945 Street First National Bank Dec. 1, 1945 Sewage Disposal Allison-Williaxs Company Sept. 1, 1946 Sa4er First National Lank Sept . 1, 1946 Sewer First National Bank Sept. 1 , 1946 Water . i.ains First National Bank Sept. 1 , 1946 Water ,,ains First National Bank Sept. 1 , 1946 Water ...-Lains First National Bank Sept . 1, 1946 Water :,ains First National Bank Jan, 1, 1946 Lateral Sewers and. Etter ains First rational Bank and Northwestern National Bank iiov. 1 , 1947 sewer J. ii:. Dai;-, and Company Nov. 1, 1947 Nater ,ains J. 14. Dain anu Con any NOTE (A) - Paid to State of ;:innesota by County Treasurer -10- uRI CANAL BALANCE .'AID BALANCE RATE 16:;UE DEC. 31 , 1946 1947 DEC. 31, 1947 4 : 4,470.00 0 447.00 447.00 -v- 4 1,3 50.00 135.00 135.00 -o- 4 1,420.00 204.00 142.00 142.00 3 28,000.00 8,000.00 (A) 4,000.00 4,000.00 4 1,409.60 704.80 140;96 563.84 2 14,000.00 7,000.00 -0- 7,000.00 2 14, 598.00 7,299.00 1,459.80 5,09.20 2 1/4 4,047.85 809.57 809. 57 -()- 2 1/4 1,699.75 3.95 339.95 -o- 2 1/4 2,341.55 4 .31 468.31 -0- 3 1/4 591.00 118.20 116.20 -o- 3 1/4 469.50 93.90 93.90 -0- 3 1/4 482.85 96. 57 96.57 -0- 2 1/4 1 ,747.15 349.43 349.43 -0- 1 1/2 16,480.00 9 ,888.00 ^ 1,648.00 8,240.00 1 1/2 23,500.00 14, 500.00 A 2 ,000.000 12,500.00 1 1/4 17,710.00 12, 97.00 1,771.00 10,626.00 1 3/4 1 ,680.00 672. 00 336.00 336.00 1 1/5 50,000.00 47,500.00 2,500.00 45,000.00 -- 1 1/4 9,300.00 6,200.00 3,100:00 3,160. 00 2 1/4 247,000.00 235,000.00 12,000.00 223,000.00 -- 2 8,400.00 ' ,400.00 ,., 840.00 7,560.00 2 6,372.00 6,372.00 '' 637.20 5,74.80 1, 526.40 1,526.40 152. 64 1,373.76 2 5,247,90 5,247,90 524. 79 4,723.11 2 4,107.20 4,105.20 410.52 3,694.68 2 1,740.80 1,740.80 174.08 1,566.72 2 142,000.00 -c- -©- 142 ,000.00 1.8 98,000.00 -o- -o- 98,000.00 2.4 1.8 35,000.00 - o- -c;- 35,000.00 2.4 379,695.03 434,694.92 $620,000.11 -11- GENERAL REVNUE YUND ......— CASH RECEIPTS Atli) :ISBURSINTS c6„ •...,a...,..,,,,,•.,•,•••46,4n., - . - VI LLA G E OF HOPKINS - 1LINI1E30TA Year ,:nded December 31, 1947 ==========================================—=-_—_- CASH RECEIPTS Tax o1lectiris j15,672.11 Licenses 9,573.00 Candidates Filing Pees 11.00 Construction 1Jerrilits 2,246.00 Dog Tags 75.25 Rent of City 'hall 160.00 Sale of Lots - Parkridge Addition 3,200.00 Reimbursement of ?ense on Account of Gas .iplosi-,-)n in Sewer Lift 2 ,834.30 Aalocation of Gasoline - 1946: Road end 'sridge $ 867.48 Police Department 418.73 2ark 1.54 Illire Department 69.91 Garbage Collection 291.37 1,649.03 Telephone Commissions 5.92 Reimbursement for Phone Calle 5. 60 Sale of Scrap 21. 0 TOTAL CASH Ha:Ell/23 ' 35,455.71 PARLPI4Buit ._.041i.E.T1 Salaries - Village ,jfficials: Mayor 600.00 Trustees (3) 1 ,260.00 Recorder 420.00 Assistant Recorder 2,700.00 Treasurer 350.00 Attorney 460.00 Health Officer 300.00 iire Ja.rsnall and Building Inspection 123.00 Assessors 907. 50 4 7,140.50 Transfer of Puns - Icads an.-J :i2.ridges .eund 7,000.00 Charter Commission Legal services $ 500.00 Printing and Forms 454.37 Aavertising 12.60 966.97 Telephone 85. 52 Gasoline 1,970.30 2uel 1,265.04 Insurance - Cierieral 195.60 Compensation Insurance 1,222. 24 Surety iionds 213.13 Continued on following page -12- GENERAL REVENUE ‘WAP CASH RIA-;% T. TT5 VILLAGE OF HOPKINS - MINN.LSOTA Year Lnded ..,ecember 31, 1947 Continued from previous page lees 3tor lui Sewers ond Aaos '008.42 Audit 175.00 Gas Boiler 1,431.00 Office Furniture 155.60 Refunds' kilk Delivery License 10.00 Building Permits 102.00 Cab License 6.00 Street Lighting 5,969.46 Light and Power 510.44 Printing-Legal iotiees ad l'roceedings 773.83 Election Salaries 416.85 Convention Xxpenze 113.25 Sewer Lift - Explosion Damage 2.436157 uto Damage Claim 224.49 Donation - Hennepin County Agricultural society 100.00 Dues Hennepin County League $ 5.00 Leave of Minnesota Municipalities 102.00 Hennepin County League of Towns and Municipalities 62.00 189. 00 Labor - Paint City Hall 131.63 Cleaninfi City Hall 92.41 Licence Tags and Plates 101.25 Weed Inspection 176,40 Printing and Office Supplies 344.28 Attorney Fees 123.61 Itiscellaneous Supplies, Repairs and ItXpense TOTAL CASH DISBURSEMINTS 03 /102. 57 EXCESS RECEIPTS OVIII SBURSE/ T S 348.14 ========== FPuiaEcol;cILEYENT Fund Balance - Janusr 1, 1947 2 ,667.41 And: Itxcess Receipts over Disbursements 348.14 FUND BALAWE iAlUE.1113ER 31, 1947 43 ,015.55 ========= -13- POLICE CB BUND CASH R 170E IPT S AND DI SBURSEMENT S "VILLAGE OF HOPKINS - MINNESOTA Year Ended December 31, 1947 CASH RECEIPTS Tax Collections : 9,512.01 Fines - Justice Court 2 ,776.00 Sale of anuel and Supplies 7.71 Insurance Recovery - Police Gar 11.00 .,'ctra Police Duty 52.50 Overtime Parking Pines _ 261.00 TOTAL CASH R ECEI2 S $12,620.22 CASH D I SBURSEJ T S Salaries: i EngnerA• Johnson 2 08.QOt q 2 P ,� ,, Lawrence Schutz Ted Johnson 2,376.00 ' '' e, 1 Donald E. Dovenberg 44,93 ' 1 Charles E. Dow 440.00 Thomas '_4. Lapic 836.85 George H. Winter 92.93 .Martin J. V,: nek 90.00 9,028.71 Justice Dockets and Manuals 36.19 Daniel E. Foley - Justice Fees Refund 34.00 Cleaning Jail 56.05 Autornob:,.le - Gas, Oil, Service and Repairs 1,4ti3.82 Traffic Signs and Repairs 185.29 Telephone 107.64 Electricity 47.41 Automobile Insurance 137.44 Police Conventions: St. Cloud 12.00 Duluth 20.00 Frank :ii. uhitney - Attorney Fees 15.15.00 Printing 15 seals for Prisoners 7.91 a=iscellaneous Supplies and _ cpense 117.56 TOTAL CASH DISBURSEMENTS 11,366.17 EXCESS OF RECEIPTS OVER DISBURSEMENTS :, 1,254.05 Fund Deficit - January 1, 1947 42,5:39.99 Add : 1.'.ccess of Receipts over Disbursements 1,254.05 FUND DEFICIT Dr+ EMBER 31, 1947 41,285.94 ========= -14►- PARK FUND CASH RECEIPTS AND DI SBURSE:ENTS VILLAGE OF HOPKINS - MIiv2'aESOTA Year Ended }: ecember 31p 1947 CASHRECEIPTS Tax Collections 43 ,611,L4 Rent - Dow House 1,610.E TOTAL CASH RECEIPTS 5,221.U4 CASH DISBURSELENTS Labor $2,784.32 Fuel 29.87 Light 30.84 Supplies 122.18 Repairs 78.86 Dow House; Labor ,J,281.65 Supplies 21.93 Fuel 306. 52 Light 169.61 Repairs 63.89 Appraisal 50.00 1'89!3.64 TOTAL CASH DISBURSEEMNTS 4,939.6 EXCESS REIPTS OVE DISBURSETS 282.17 _____=== FUND RECONCILEg4n Fund Balance - January ] 5 1947 y 1,762.91 Add; :access Receipts over Di sburse.:ents FUND BALANCE - DIXBER 315 1947 42,045.08 -15- MUSIC FUND CASH RECEIPTS AND DI SBURSETS VILLAGE OF HOPKINS UESOTA Year Ended December 31, 1947 == . CASH 'RECEIPTS Tax t o1lecti ons $1,475.10 DISAIR5ALNIMS To Band 1,500.00 EXCESS DISBURSEMENTS OVal RECEIPTS $ 24.90 FUND RECONCIL4WT Fund Balance January 1, 1947 149.52 Deducts :cess :disbursements over Receipts _� 24•.90 FUND BALANCE - DECMIABal 31, 1947 $ 124.62 -16- FIRE DEPARTMJNT CASH R CE IPTS A.-D D I SBURS VILLAGE OF HOPKINiS - MINNESOTA year Ended December 31, 1947 CA,; E R CEJ2T - Tx aollection3 ;,1,660.12 Fire Calle 1,845.00 Fire Contracts 1,247.00 TOTAL CASH RECEIPTS 4,752.12 CASH BISBURSE)4WTS Fire ens' Services ,0 0.00 Telephones 739.68 Breathing p�ratus 268.66 82.522 Truck Insurance 2 28 .52 Repairs and Supplies 5584.54 Piremens' Convention '6 90 Liecellaneous .1%:applies and expense Salaries Despatcher 530. Steward. 462.00 TOTAL CAS a DI SBUR SE1ZN TS • EXCESS DISBURSE Lfl TS OWE RECEIPTS 4 342.21 �tTND RECONCILIILLNT Fund Balance January- 1, 1947 $ 752.35 4 ?_1 Deduct* �'xcess Disbursements over Receipts -�.._..3-_2. FUND BALANCE - Dom.<E B-:I-t 31, 1947 410,14 -17- i3QQR.170:g 9JU1JIWaLUTs ANP P;ABURSELIINT3 VILLAGE OF HOPKINS - METNESOTA Year Ended Decamber 31, 1947 =ammingmmummummus==-= CA CEII Tax Collections 44,106.01 State of kinnesota 332.42 TOTAL CASH RECEIPTS $4,43%4 g4.4kii4APPAAAAVIN Suburban Hennepin County Relief Board 42,614.42 Hermepin County Board - 2oor Relief 885 TOTAL CASH DISBURSEOZTS 3,499.42 L(CES 6 RECEIPTS OVER DI"3BURSEIA1NTS $ 939.01 ZUN ) RE0jCIL-14= Vund Balance January 1, 1947 ,;6,152.07 Ada Excess Receipts over Disbursements _ 939,01 TUI-D BALANCE DECE1.1RoE 31, 1947 7,0 91.08 ========= -18- k VIAMX ' CASH RECEIPTS AND DISBUTSR4J .vTS VTLLAGE OF HOPKINS - YINNESOTA Year Ended December _1 , 1947 C .SH RECEIPTS Tax Collections $2,552.82 CASH I. I SBURSEiv v TS Books 0836.22 Magazines 100.55 Newspapers 15.00 Desk 22.50 Gleaming Library 32.00 Upper Midwest Library Convention 12.50 Supplies 25.08 Salaries: .t)loomie Mountain $1,254.00 Freda Barlow 100.80 Donna Mae Svihel 83•O0 Lorraine A. Dode 83.10 1i520.9Q TOTAL CASH DISBURSEMENTS EXCESS DISBURSEMENTS O V R RECEIPTS 11.93 FUND RECO;..�C I_E ., T T Fund Deficit - January 1 , 1947 59l,95 Add: Excess Disbursements over Receipts 1� •° FUND DEFICIT - DECE ,BER 31, 1947 4 593. 38 -19- c.klup,ak GpLLECT or FUND poiLugsump,p wp43,0,*41.11-424TS VILL&GE OF HOPKINS - Year 1,4ded December 31, 1947 - - = 9A8MLUSKEZP Tax Collections 405,167.13 C4§4AXDBIEWEIS Salaries and 1agest Ralph Johnston 42,310.00 john H. Specken 2,178.00 Nels Nelson 1,508.00 Frank Rosengren 216.83 Frank Stodola 109.20 Ernest J. Duda 5.50 J. Hissam 100.80 L. H. Ilromaako 14.70 Valentine Georges 8.40 Frank Erickson 42.00 $6,493.43 Truck Gas, Oil, Service ard Repair 707.19 Truck Insurance 43.84 iascellaneous Supplies am" Expense 73.16 TOTAL CASH DISBURSEIMITS 7,317.62 EXCESS DISBURSEMINTS OVER RECEIPTS $2,150.49 ========= 1IIND R=0.14q4,4uggT , Fund Deficit - January 1, 1947 Add; ,Sxcess Diebursements over Receipts 2,21. 2443. FUND DEFICIT-DECEMBER 31,194'1 -=-- -20- BATHING Agafrxe.LAULP-- Ala.PIARIPPANTs VILLAGE OF HOPKINS - MINNESOTA. Year E)1ded December 31, 1947 CASH RECEE?TS Tax Collections $1 ,457.13 Telephone RefAnd 4.51 TOTAL GASH -:LXEIPTS $1,461.64 CASH DISTURPDaNTS Salaries Lois Beckstrom $ 746.00 Quinn 134.93 $ 860.93 Equipment Rental 143.75 Telephone 41.03 Repairs and Supplies 105.36 TOTAL CASH DISBURSMENTS 1,171.07 EXCESS RECEIPTS OV.alDISBURS8 290.57 ========= FUND RECONCILEME= Vund Deficit - January 1, 1947 $ 829.88 Deduct; liXcess Receipts over Disburbements 290.57 FUND DEFICIT - DECEMBER 31, 1947 $ 539.31 lawma====.1 -21- PARKING METERS FUND q4ks1014PEITP _Agp DISNIUggTS VILLAGE OF HOPEINS - MINNESOTA year Ended December 31, 1947 --------------------- CA,V 111W2T4r$ titer Collections $ 729,90 CASH DISBURSMCENTS Veter Installations 9.98 keter Repair 13.93 Publication cf arking I:eter Information Survey 20.00 Overtime Parking Tickets 2120 TOTAL GASH DISBURSEMENTS 105.91 EXCESS RECEIPTS OVER DISBURSEMLTTS 3 623.99 FUND RECONCILELTNT •W•1,1. S,J, Fund Balance - January 1, 1947 Adds EXcess Receipts over Disbursements FUND BALANCE - DEGEgB11.11 31 , 1947 4ct, 623.99 =44==== -22- WATER FUND HTrPTS _ , DDISBURUMZETS VILLAGE OF HOPKINS - MINNESOTA Year Ended Deceuer 31, 194V === . CALiii1(4p.Sliq . , _ . ----- cater Servjoe - 70% of Collections24,636.41 6a1e of Bulk Water 6.25 Permit :6'ees 694.00 ale ofeters 1,746.43 Pump out Basements 4.00 haise Hydrant - National Tea Go. "Itt12 ••••••••/* TOTAL CASH RECEIPTS ' 27,333.64 DISBORaMENTS :.ialaries: Herman Olson $2 ,640.00 Joseph Liller 207.50 Joseph Hromauka 2,310.00 .Tohn A. iirecka 1,732. 50 $ 6,890.00 Power 4,110.35 Collection Charges - Banks 77.65 Meters and Supplies 1,768.24 New -Wells Land $1,140.00 Filing Fees 3.00 'Survey _ 2(22L0 1,233.00 hater Main Lowered 1,405.00 Water pains and 11,/drant ae,air and Service 1,011.09 Hydrants 200.48 Pump I.,quipment 1,264.96 Office Cabinets 26.20 Water Tank Repairs 704.25 Eater Tower Servicing ' 120.O0 Water Tower Insurance 252.07 Truck 11.xpense and Repairs 134.49 Postage 47.65 Telephone 2,04, tb Equipment 1-arts and Supplies 378. 57 Printing and Office Supplies 203.26 Liscellaneous ,... .211,- -- TOTAL CASH DISBURSEkLUTS 19,875.97 EXCESS OF RECEIPTS OVER DISBURSEENTS 7,457. 67 FUND RXONpILWENT Cash and. Bond Balance - January 1, 1947 22,663.08 Add: •Ecess of Receipts over Disbursements 7,457.67 !i',,;30,120.75 = Cash on Deposit - December 31, 1947 47,540.75 U. S. Savings bonds at Cost 12,580.00 . e'30.2.120.25 .. .--3.. ggAp_mk .1 __IIDGE ygkip CASH RI=PI'S AND =SAM SPANN TS .c,.,..-..,,.,, _ VILLAGB OF HOPKINS - NINNE%)0TAA. Year itlided December 31, 1947 CASH R isCEIPT$ .1611.0•6.101. Tax Collectiorl $16,937.19 Street Repair Permits 1.404.00 T-r.T3n2f,r nf Pwitts: From Special Assessment viand 5,000.00 From General Pund 7,000.00 Rent of C3- !)ressor 123.00 Sale, of Lumber 42.00 ST,.le of Anti Preeze 5•30 Freight Claim - Damaged Paint 3=30 Orfei !Ind Uariani-Danages 27,11 snow Plowing 20.00 Street Impro7ementF, and Repairs PRid for by Property Owners 14i"..9.1 TOTAL CASH RECEIPTS 00,706.93 CASH DUSBURSMENIS Road ".;upervisors' salary $ 2,238.50 Gradermens, Salaries 2 ,640.00 Street Labor 10,215.66 Snow Removal 1,517.25 Gasoline and bil 96697 Equipment Repairs, Supplies and t,,xpense 2,645.77 Road Tar and Oil 4,000.60 Lit 77.25 Fill 2,395.45 ..iravel ad Jacl 337.41 Equipment Rental 2,159.25 Surveying 604.76 ed Cutting Painting Curbs and Signs 37.13 Fuel 119.10 Property Damage 57.11 Snow Plow 659.73 Electricity 14.78 Viscellaneous ----J.1L21 TOTAL CASH DISBURSELENTS —12.122.7.1 EXCESS DISBURSZJIENTU OVER RECEIPTS $ 255.79 Fall) tE00CILa!= Fund balance - Jnuary 1, 1947 2,180.55 Deduct : Ixcess :Jisburseents over Receipts ___ _ Ia . FUND BALANCE - DECE.:BJJE 31, 1947 1,924.76 ========== -2'1-- "0..PAqXA..kAaszs.§mlo_Ts - B(2ELW—LLN4tAsT -Blun CASK EtAG . 6 AND DitAluil§zgalg, V1..I.ACE OF HOPUNS - Year EtIded December 31, 1947 =============___=== :=--=--== = = = Ah 144-4.4:1);§ Ta* Collections $ 22,262.01 Local Collections-Tax Assessments 13,533.64 tram water 2und - For RelocatiJn of - ,icirant 17:7. 30 Sale of '1,!rtificates of indebtedrissnd arrants 275000.00 rremium on certificates of Indebtedness 1,066.52 Accrued Interest on Certificates of Indebtedness 1,17).28 Interest on hssessment 19.72 EXchange iees on Check .40 TOTAL CASH RECEIPTS $313,236.57 CASH DI3BURSEIVI9 Funds Traceferreds To Savage Disposal Fund $1.250.00 To Road and 2und, 12_022.00 $ 6,250.00 Bondi anci Certificates Paid 22,694.92 Water Laine 15,409.95 Sewer Mains 121.879.33 Sid. walko aild Curbing 7,028.80 Interest Paid - rands and. Certificates 4.085.52 Ban4 ,icrvice Charges Publications - Bids and .6otices 72.23 'Road Tar 1,163.06 Gravel 267.60 Legal Services 550,00 Clerical Services 75.40 Printing 89. 50 urvey - Excelsior Avenue idening t30.00 TOTAL CASH DISBURSEJENTS 179,662.92 EXCESS OF RECEIPTS OVER DISBURSEILENTS 433,573.65 FUD QW IL Fund Deficit - January 1, 1947 Add: icess of ReceivLs over Disb:Azsemeats _111LaiLai FUND BALANCE - DECEMBER 31, 1947 $ 73,770.08 == -25- 34# G-b; DIS204-4 FYIP CJ!.,p..103BIPT3_AND_ 14 $124403 111,LAGE OF HOPXINS - UINNESOTA Year lAded 'December 31, 1947 CASH =RUTS Tax Collections $ 1,059.46 30% cif' Vater "3ervice Collections 10 ,55e,49- Interest - U. 3. Bonds 250.00 "Tnn,i.cle Af—ements 31.5O per Aonth 27,456.56e Transferred from Bond and Interest ,ound 1,250.00 Sewage Rentals 1?0.00-e OutsVe Res-idents Connections : Sewer , 227. 50 Water 266.00 493.504 From Northwestern National Bank - Tru'Itee - sewage Disposal Trust Fund 57,235.61 TOTAL CASH RECEIPTS : 98,473.62 9...#10.1galigELWK§ Sewer Construction ,V77,1:408.311 Engineering Fees 2,0o .28onds Paid. 12,00C•00-e Bond Interest Paid 5,2750- Bank Charges: Bond Paying 1/8 of 1:2: ,. 15.00 Coupon Paying 3% per Coupon 14.10 2 .104p- Refunds to Non User;: of the 1. 50 per month l'reviously Paid 321.00 Clerical Services 4.00 - Rent - c. ahole Cite - 1... & St. i,. Ry. TOTAL CASH DISBURFAINTS -14,850.19 NLCESS OF RECEIPTC OVER DISBURSENTS 1,623.43 ========== FUlp. RECOkoC,I.L.MCENT Fund DalEnce - January 1, 1947 ;32•ere+L.93 Add; Excess of Receipts over Disbursements 1,W.41 FUND BALA.T:CE - DECEYBIE 31, 1947 ,34,072.36 ========== DISTAIBUTION OF :UM) BALANCE s..e-*,-•...M.Ial• ..t First national Bank 5,572.36 I. 3. Bonds at Cost 28 500.00 FUND BALANCE - DECEMBER 31, 1947 .„34,072.36 = -26- GASH RECE12TS PAPPAPPWs TILLAGE OF HOPKINS - MINNESOTA Year Ended December 31, 1947 LASH REGEI 'S Interesi, on U. S. Bonds - Coupons $ 4,437 , 50 Interest Accrued on U. S. Bonds Sold 370.08 Bonds ;aoid - Par Value 50,00 .00 - Premium Received on Bonds Sold 1,537. 50 TOTAL CASH RECEIPTS 356,345.08 CA.�i1 ._DISI3tT4S Ts To ttie Village of Hopkins for Deposit to the Sewage Disposal Fund 57,235.61 EXCESS OF DISBURSE ) QTS OVER RECEIPTS 890. 53 TRupTfluip,R4c9MILIAMT Trust :)glance - January 1, $1947p 'vast 5,974.00 U. w. Treasury Sonde _222i222.00 $225,974.00 Deduct: Sale of Bonds $ 50,000.00 1.XGeM5 of Disbursements 8� 6. over Receipts b O. , 9__ . TRUST BALI6NO2-DECEW,BEE 31, 1947 0175,O63.47 ===m==== RainjE___ITIO); }F TRU,T'J2tB On Deposit with th3 Northwestern National Ba z of irinneapolia as Trustee. Corporate Trust :a°. 1087 Cash $ 5,083.47 U. S. Treasury Bonds 2 1/2% ,170,©00.00 TRU3T FUND BALANCE - DECEMBER 31, 1947 M475_08 . 47 INSURANCE IN ! ROE VILLAGE OF HOPKINS - MINNESOTA December 31, 1947 _. -_--=__-- $==__; FIRE AND E.TENi3E13 COVERAGE Village Hall J7,500.00 Village Hall Contents 10,850.00 Village Jail 2,050.00 Water Tank 4,550.00 Pump House 675.00 Pump House Contents 1,325.00 Band Stand 1,430.00 Dow House 6,600.00 ;Har ehon-e Pul d Dog Pound 6,840.00 Leathers •-souse 1,000.A Steel 'Liater Tank and Tower 42 ,012.00 TRuc44 AE E PIPw 3T Fire and Windstorm rLctual Value Bodily Injury 10 to ; 20030.00 Property .Damage ;.,0:10 .00 Robert 3. x ,yo VillaL a Treasurer 15,000.00 Arthur W. "e;lmquist Assistant 7i1la :e Clerk 1,000.00 Engner .Tohnson, Policeman 1 ,000.00 Theodore K. Johnson Policeman 1,000.00 George H. :':inter Policeman 1,000.00 Lawrence E. •.;hutz Village L rshall 1.000.00 Thomas T. Colic , 4,i'. Constable 500.00 Donald E. Dovenberg Constable 500.00 Daniel E. Foley Justice of :'eaae 500.00 Patrick J. Car olirP Justice of Peace 500.00 Herman I . Olson Water Collector and Utility Man _, 00.00 Ihike =_. 7�ipoy , Assessor 500.00 Albin A. lipoy Assessor 1, .:v0,00 -2b-