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1952 City of Hopkins, MN Annual Financial Report As At December 31, 195 ITV OF HOPKINS Hopkins, Minnesota STRAND & R 0 E CERTIFIED PUBL IC ACCOUNTANTS REPO1 T ON AUDIT AND SETTING UP FUND BALANCE SHEETS As At December 310 1952 . CITY OF H PKI S Hopkins, Minnesota II� 1 STRAND & ROE III -1- City of Hopkins Hopkins, Minnesota OITY,OFFICIALA COUNCIL: W. Harlan P' rrbix .. Meyor Russell H. Zakariesen - Councilmen LeOnard a. Hilbert - Councilmen Jo ph C. Vesely Councilmen Earl A. Dahlberg - Councilman C MASE AND TREAsUREN: Walton E. Taylor CITY CLERK: Arthur W. Elmquist CITY ATTORNEY: Frank H. Whitney NG/NEER AND BUILD C dOR: Frank V. Lambs ASSESSOR FINANCE OFF1ca t William Sterling MUNICIPAL JUDGES: K. Maxfield Otto J. Russell Carroll MUNICIPAL COURT CLERK: Martin 3. Vanek HEALTH OFFICER:, ar. F. J. Kucera FIRE EF Stuart Beckman SUPERT _.w- ENT: Elmer C. Bielke *tUB AND SEWER UPE.......}.�I,..N-._i DE.,.....,.: STRAND VAN D john A. Bre & ROE Mrs. Williamlituantein RECREATION TION DIC Laurens Harris -2- City of Hopkins Hopkins, Minnesota INDEX EtEt CITY QPIALS 2 3 - 4 CONNINTOS 5 - 13 C 'IUB BALACESHEET 14 GENERAL FUND: Balance Sheet 15 Reserve for Encumbrances 16 POOR FUND - BALANCE RET 17 LIBRARY FUND - BALANCi. 3 "ET 18 PARKING MEQ FUND - BALANCE SHEET 19 PATI©B PIED - BALANCE SST 20 FIRE EQUIPMENT BOND FUND - BALANCE SHEET 21 EII KING FUNDS - GENERAL OBLIGATION BONDS: Balance Sheets 22 Debt Service Charges 23 - 24 KATE FUJIDx Balance Sheet 25 Fixed Assets 26 Statement of Income and Expense 27 ACCOUNTS RECEIVABLE - UTILITIES 28 4WERAGE STSTEM REVENUE FUND; Balance Sheet 29 Investments 30 fro Fixed Assets 31 STRAND Bonds Payable 32 & ROE Accounts Payable 33 Payable City of Minneapolis - Construction Costs 34 Statement of Income and. Expense 35 PERMANENT IMPROVEMENT REVOLVING FUND: Balance Sheet 36 Construction in Progress 37 Construction Costs Assessed 3B Fixed Assets 39 -3- City of Hopkins Hopkins, Minnesota INDEX Page SUMMARY OF SPECIAL ASSESSMEMS RECEIVOLE 40 DETAIL OF SPECIAL ASSESSMENTS RECEIVABLE 41 . 45 D6FERRED ASSESSMENTS iiECEIVABLE-BY YEAR COLLECTIBL4 146 SPECIAL ASSESSMENT FUND: Balance Sheet 47 Construction Costs Assessed 48 - 49 Comparison of Bond Maturities Deferred Assessments 50 BONDED - ALL FUNDS 51 GENERAL FIXED ASSETS 52 ASSES1,,D VALUATIONS - TAX LEVY AND RATES 53 INSURANCE IN FORCE 54 1,0 STRAND & ROE .4.. CLARENCE E.ROE,C.P.A. JAMES F.PITT,C.P.A. CLYDE B,ROE,C.P.A. PARTNERS R.H.ANDERSON.C.P.A. M.P.SOLBERG,C.P.A. R. E.BUNKER.C.P.A. R. A.ROTEGARD,C.P.A. J. A. LARSEN, C.P.A. ASSOCIATES STRAND & ROE Cetttei /2bLllc iccagtit/ u'tfJ F OS HAY TOWER MINNEAPOLIS G E n e v a 1 6 5 1 May 19, 1953 Honorable Members of the City Cou *i1 City of Hopkins Hopkins, Minnesota We have examined the balance sheets of the various funds of the CITY or amiss, Hopkins, Minnesota, as at December 31, 1952 and the reisted state- ments of receipts and disbursements and income and expense for the year then ended, have reviewed the system of internal control, end without Bing a de- tailed. audit of the transactions, have examined or tested the accounting records and other supporting evidence by methods and to the extent we deemed appropriate. Our vxemdeation was made in accordance with generally accepted auditing standards applicable in the circumstances and included all procedures we considered. necessary. We submit herewith our report, together with the accompanying schedules as indicated in the index shee1t on the preceding page. . Stateliest* of receipts and disbursements, schedule showing cash in baniss, and ccJ nts regarding the scope of our examination as to cash transactions are shown under separate cover and are included herein by reference. In connotation with the new system which is in the process of being ✓ STRAND installed, the City Manager requested that we set up fund, balance sheets raking & ROE it necessary to classify all assets, liabilities, reserves and surplus by funds. He also requested that an analysis be made of the special assessment records in order to furnish the City with control of figures and the necessary details of the special assessments outstanding. -5- IF THIS REPORT IS PUBLISHED. IT MUST BE REPRODUCED IN ITS ENTIRETY. EXTRACTS MAY NOT BE PUBLISHED WITHOUT AUTHORIZATION. City of Hopkint! Making the special analysis to furnish the information requested made it necessary for us to spend considerable time on data of prior years which would not be required in a statement of cash receipts and disbursements. As set forth on the index sheet, we have set up separate balance sheets for each fund as at December 31, 1952 and a combined balance sheet in columnar form of all funds. This shows the total surplus of the City of Hopkins to be $2,066,431.30 as at the end of year, of which $139,204.13 is the total available in the various funds and the remainder being invested in fixed assets, deferred special asseasrante, or in construction in progress. In the recording of the balances of the various funds as of January 1, 1953 the road and bridge was reclaseified as a function of the general fund. The parking meteu fund was removed from the general fund group and established as a separate fund in coetliance with a city ordinance. Because the taxes collected on levies for peer and library are dedicated to those purposes, these were also removed from the general fund group and separate funds established. A separate fund was also established for recreation, because of the joint participation in costs by the school districts. The unexpended balance of the fire eqeiy.ent bond sale was segregated from tbs general fund group and is to be used *sly for equip- ment purchases. Adjusee-nt was also made for reclassification of several dis- bursements on payrolls. The balance sheets presented herein give effect to these changes. A summary of the reclassifications is as follows: Balances Included Segregated with Prior in General fram Payroll Reclassified Name of Fund Classification Fund General Fund Reclassified Balances p• General Fund $ 63,143.66 $9,576.38 74;31755- $ 38.14 $ 56,4111.33 STRAND Road A Bridge Fund 9,5 6.38 90576.38 8 ROE Water Fund 9,s . 37 164..: 9,253.55 Sewerage Fund 36,387,44 116.e* 36,270.75 P.I.R. Fund lg ,f38:83§ 53.02 15,142.19 Special Assessment Puna 26,158.09 Sinking PUnds 24,407.28 24,407.28 Parking Niter Fund 8,004.06 55.00 7,949.06 Poor Fund 5,136.4: 5,136.08 Library Fund 1,156. 26.61 1,103.47 Recreation Fund 1,890.28 1,890.28 Fire equipment Bond Fund 129.85 129.85 Totals 14§ele29424 tes .a7r, ;eeee,_ - - $18 -6- City of Hopkins CASH IN HANES The cash in banks of all funds toting $183,961.93 was reconciled with the balances reported directly to us by the depositories. PETTY CASH AND CHANGE FUND The petty cash of the general fund and the change fund of the water fund, together with other cash on hand, were counted by us during the course of our examination and reconciled to the last preceding deposit. ACCOUNTS ReCEIVABLE The amounts due on the water and sewerage utilities were checked to the customersledgers andcompared with subsequent collections. We did not confirm the balances direct with the customers. All accounts appear to be collectible. Utility accounts receivable at December 31, 1952 were as follows: Water Fund $2,602.35 Sewerage Fund 3,116.00 Total , l8.35 The amount of $60.00 due the pueral fund for ball rental has since been collected. INVENTORY The inventory of water meters valued at $2,771.75 was sighted by us during the course of our examination and vas reconciled with the quantities as at December 31, 1952. The meters are priced at cost. CURRENT TAX LEVY The tax levy collectible in 1953 is that adopted by the City Council. It was compared with the levy actually spread by the County. Except in the sinking funds, the levy is offset on the balance sheets by a reserve of like amount. A summary of the total levy is as follows: General Fund $218,666.00 Recreation Fund 23,925.00 Poor Fund 4,700.00 Library Fund 9,850.00 Boas and Interest 64,237.00 'fatal per Balance Sheets $321,378.00 Payable to Firemen's Relief when 1,300.09 Collected Total City Levy $41Rt026.1122 -7- CjAyofins SPECIAL AStnOINENTS P.I.R. Fund and Snoial Assessment Fund' The City has not maintained any control accounts as to the amounts collectible on special assessments, and rather than attempt to Obtain the infor- mation from the city records for the various preceding years, it appeared more practical to utilize the records of the County auditor. The amounts of current special assessments collectible in 1953 are the same as shown by the records of the County auditor and County treasurer. The deterred special assessments were computed by examination of the County auditor's listing of the current assessments, 'shit* 1111e then compared, when possible, with detail assessment rolls to determine the =Ober of MUMS. ments collectible after 1953, and the rate of interest contained in the current assessment. The County's listings for the current year are accumulated and totaled by plats, irregardless as to the number of installments yet to be collected and we did not attee.t to check all the underlying data. From the schedules con- tained herein it will be possible for the City to compute the assessments collectible in 1954 and subsequent yews, and the only practical method to determine the exact amount of deferred assessments is to make such a comparison after the County auditor has completed his listings of the amounts to be collected in the year 1954. It is recommended that control accounts be set up by the City, using the aunts shown herein, and that the current aeleesMent as spread by the County be checked, in order to detect any unauthorised cancellation which may be made in the County offices. ALLOCATION RECEIVABLE AND PAYABLE The amount of $390.35 represents 15 per cent of the accounts receivable 4`A. of the water fund and which will be payable to the sewerage fund upon collection. WE TO OR FR * FUNDS In the following paragraphs we give the explanations of the inter-fund receivables and the offsetting liabilities. On December 15, 1952 the Council authorized a transfer of $11,257.00 to -8- City at ingkine the general fund for services performed by the street department and which will be included in the costs assessed. This amount is an asset of the general fund and a liability of the perManent improveMent revolving fund. Upon the issuance of bonds in prior years the premium and accrued in- terest Was deposited in the permanent improvement revolving fund. The total of $2,025.42 is shown as a liability of that fund and es an asset of the staking fund. A Chevrolet truck, 'which was purchased at a coat of $1,343.01 by the water fund, has alwaes been used by the engineering department. Accordingly a liability for that amount has been set up in the permanent improvement revolving fund to the water fund and treating the truck as an Met of the permanent im- provement revolving fund. Shown as an asset of the permanent improvement revolving fund and as a liability of the special assessment fund are items included in costs assessed by the latter named fund as follows: Lot Cost - Peaceful Valley $300 00 Soil Testing 429.52 Total Also included is the $50,000.00 advance to the special assessment fund for working capital. The amount of $262.30 shown as a liability of the sinking fund represents interest paid in 1952 on fire equipment bonds by the special assessment fund. IN TTM6NTS - U. S. BONDS (Sewerage Fund), The government bones were sighted by us during the course of our examination. The bonds, which were acquired at a cost of $28,500.00 by the STRAND a ROE sewerage fund, have a present value of $31,835.00. AUNT ?0 BE PROVIDED FOR PAYMENT or BONDS AND INTEREST Sinki., Funds This represents the amounts which mast be provided in future years to pay the bonds and interest on the general obligation bonds. Enclosed is a schedule showing such requirements as well as the related levies to be made. If the present lay rate of tax delinquency continues, some of the later levies may -9- City of Hop4ns be cancelled because of the reserve for uncollectible taxes contained in the levies. FIXED ASSETS The fixed assets have been shown at the balances set forth in preview) audit report plus current year additions. Depreciation has been estioeted on the fixed assets of the water, sewerage, and permanent improvement revolving funds in order to determine the current operating costs. Water and sewer amine, the cost of which is recovered through special assessmentslhave been treated as additions, on the assumption that the cost of replacing the mains will be borne by the City rather than by new assessments. No depreciation has been set up on the fixed assets of the general, library, or parking meter funds. CONSTRUCTION IN PROGRESS (r.I.R. Fund) This represents the costs to Diseember 31, 1952 of various curb, gutter, sidewalk , sad blacktopping projects of the permanent improvement revolving fund which will be assessed at a later date. CONSTRUCTION COSTS PAYABLE Bove Fund Included is a schedule which reflects the liability payable on the City's share of the construction of thP Minneapolis-St. Paul Sewerage Disposal Plant. BONDS AND INTICREST PAYABLE In accordance with generally accepted accounting procedures the balance sheets of the sinking funds reflect all future interest to be paid. The sewerage fund balance sheet Shows accrued interest only, in order to reflect the accrual basis for income and expense. The interest which is to be paid during the coming year is Santis 4141 a liability of the special assessment fund; this is done because the current assessments receivable, collectible in 1953, as set up include the interest to be collected through 1953. -10- City of Hopkins ACCOUNTS PAYABLE Sews, .:,:a P.I.F. and Special Aseessmentl The accounts payable of the several funds were determined by review of subsequent disbursements, contracts and other data. REaraRVE FOR PCUMBRANCES Included is a schedule Which shows the encumbrances of the ,. neral fund and is comprised of expenditures for equipment which was authorized in 1952, although payment was to be eerie out of the appropriations for 1953. DUB FIRS RELIEF The general fund reflects a liability for taxes collected in. 1952 for the Fire Relief Association in the amount of $351.38. SURPLUS Only the net current assets of the several funds which would be con- verted into cash within twelve months have been classified as av'ail.able eurplus. Other net assets, which will not be converted to cash within the yeas,have been treated as being invested in either fixed assets, deferred special assessments✓, or construction its progress. INCOME AND EXPENSE There are included statements of income and expense for the water and sewerage operations. The water fund operations shoved a loss of $6,:',..20 while the sewer . e' fund operations shooed ea profit of $5,602.25. Except for trucks which were set at a 25 per cent rate, depreciation was computed at 2 per cent on the fixed assets of the water fund and at a 2 1/2 per cent rate on the sewerage fund. STRAND 'CL11241 & ROE Insurance policies were examined by us and a suasary is enclosed herein. It is recommended that the surety bond of the City treasurer be increased to at least $50,000.00 and that of all others handling funds be increased to at least $2,500.00. A blanket position bond may be preferable for all others than the City treasurer. -11- City of Hopkins Delinquent taxes have not been set up on the various balance sheets as it appears to be preferable to credit income and surplus, when and if the taxes are collected. During the course of our examination the question was raised as to possible inter-fund liability arising from clerical and engineering services per- formed for construction projects. In assessing the costs of special assessments, the City has followed the practice of including a charge of 15 per cent for con- tingencies which is intended to cover clerical and engineering services, unforeseen costs, and delinquency on collections. The permanent improvement revolving fund has been paying the engineering salaries and expenses; prior to the establishment of this fund in 1948 these costs were at least in part, paid from the general fund or from what was then known as the road and bridge fund. In 1951 a transfer was made from the special assessment fund to the permanent i“.rovement revolving fund in the amount of $12,000.00. In 1952 a transfer was made to the permanent improvement revolving fund in the amount of $109,793.21 to cover the costs of the Althea Lane, Monk-Oxford, and Knollwood projects, the cost of the projects having been paid by the permanent improvement revolving fund, but the collections on assessments receivable ire placed to the credit of the special assessment fund. As the total costs of $109,793.21 included contingency charges totaling $14,320.89, this, in effect, was a reimbursement to the permanent imProvement revolving fund for overhead expenses. From the data on file it appears that from January 1, 1948 to December 31, 1952 the following dis- bursements have been mmde from the special assessment fund: Construction Overhead Overhead Projects Expenses Reimbursed Special Assessment Fund: Construction Costs $321,670.00 Transfer to P.I.R. $12,000.00 Reimbursement to P.I.R. 14,320.89 P.I.R. Fund: Construction Costs 578,151.48 Overhead Expenses $35,579.18 Totals $09.2e84e118 $3.4212e0 $, er.32o* -12- City of Hopkins, The two reimbursements to the permanent improvement revolving fund totaling $26,320.89 amount to 8.18 per cent of the construction costs of the special Sssesse,ent fund during that period. If a charge of 6 per cent for engineering services and 2 per cent for clerical services would be considered reasonable, then nothing would be due from the special assessment fund, but 2 per cent on the total of $899,821.48 construction costs would be due to the general fund from the permanent improvement revolving fund. The amount of similar items arising between the special assessment fund and the general fund prior to the establishment of the permanent improvement re- volving fund cannot be readily determined, but from the amounts of special assesemPnt bonds outstanding, it is evident that construction costs in excess of $200,000.00 were incurred prior to 1948. If the charges of 6 per cent and 2 per cent are considered reasonable and proper for the years prior to 1948, then a inimum of $16,000.00 would be due general fund from the special assessment funds for those years. It is recommended that the Council establish a policy as to rates or amounts to be charged for inter-fund services and that reimbursement for any such costs be made currently. In our opinion, subject to the foregoing comments, the accoe*anying balance sheets of the various funds present fairly the position of the City of Hopkins, Hopkins, Minnesota as at December 31, 1952 in conformity with generally accepted accounting principles. Respectfully submitted, ROE e- X-;;kg,--p: e STRAND 44 PZ STRAND & Certified Public Accountants -13- •• . A 4 , .., g •• a 4 4 4 1 .. . . e .0. 0N ill i 4 • • 0 . . • • ... 4V4 ' Al K re C4•• Ck7o.1 tel SI 8 111 - A 0 A 8 , .4 cs 88 o' A 1 1 ,... M n 8 AP cl t..1 . Pk I .1•1 1 iffi 1 ro 0'00 N ' ,.; (4.4. rf iW 1 1 Si c•-,-/ , 4 1,41 .A. HII 71- lel' 111 'ia 8 2 4.7 P:11 8 ff)'8'1,9 3, iB . 4, 0 • 4 4 1 W i 4.! . . . ., ., . 1 .4.1. 1; R Ail 4 oil „ 1 1 .11 . P4 -• • ; . 1 8 Ef, t • ... ,..*, --. °Q. a5 co I 4' iii 4'' (n• r.1 :.,t1 .4. A CA 4 N-I 8 8 el '8 8 1 Ag.I tt ,.1 . .. 8 . ..„ 9 .0-,. 8 :...7.: ...1 ...o. '4 so I 4. Z74/ gii e, 1 ,... °I , c,-, r= c.t" :. S S •qt..' CO Sg. I 440. w , S gi g'4 8 V 8 8' 'S iill (el ill) 1 ..11 AP •• l• H CC eAt I 21 to 1 8 P2.1m" 8 SNIk 8 M 1 n la a 1 .*r 41 .4 si A 1 ill a4 5N)88AP8 a::1A2 0,2,1 ON4 83, Cr) gt 8 .9,22 ii.A.4"`A ..!`"cl 1 •g ...:i....<4 4.0, •et in r:. : • • 4 • a gf.+.1.a .,,,,„ t„,.S Aos S tAii A a 8g . .4i• ,F..A.;V• U^•N."M• •.i''•.'• .•.1• V• , g q ,c,A i 71 8 EA V ,,0 N ''''' i ..1 •i• tr%r.-1 .0 .':?:j g 41 Ar ... .4 H I , FOP▪440 .e. 23 4 44 W ri H .lt, 1.1 S•• .': p, ; . A' i 4 •9 4 i 1 ; 4 ,. „ H ••I 4.1 ;• 0 V3 ', 't: .E., g? 0- r, „,,, Ei •.A. H k 2 CI.4. A .C.; 41 44 HI,.1 1 44 N i 0 ,..1 ...1 4.4 A g -1 .i5.f0i>.,1e$8gl3gq4. 0h, i:$4• 4pm4 14'.o4tgjR4r.:4i.3.i4A 4'"e.'. '4 g 14- 4 Qg 6a8A..zv'•i•tg°o ,4l,ar...,g54...?W; 7v14A1.4. 0,u...„1°.9'0A , Et8g11ggT g.. e1 1 ,„ '' 1 . i ,?. .? g 3 E „i R. ,J k iti 6 A 0 . _ City of Hopkins Hopkins, Minnesota GENAL FUND BALANCE SHMT As At December 31, 1952 ASSETS Cash in Bank $ 56,441.33 Petty Cash 100.00 Current Tax Levy 218,666.00 Due from Fund 11,257.00 Account Receivable - Hall Rental 60.00 Total Assets 236.524.33 -- _ LIABILITIES RESLRVES AND SURPLUS Reserve for Encumbrances $ 33,875.93 Reserve for Current Tax Levy 218,666.00 Due to Firemen's Relief Fund 351.38 Total Liabilities and Reserves $252,893.31 Surplus: Available 33,631.02 Taal Liabilities, Reserves and Surplus $286,52 .33 1,0 STRAND & ROE City of Hopkins Hopkins, Minnesota GENERAL FUND RESERVE FOR ENCUMBRANC&S As At December 31 1952 PnELLEq2n Amount Garbage Truck 6,000.00 International Trucks (2) 8,971.18 File Cabinets 600.37 Elgin Sweeper 8,855.00 Balance on Payloader 80025.*: Rotary Pump . Fire Truck 1J •423 50 Total City of Hopkins Hopkins, Minnesota ?00R FUND BALANCE SHEET As At December 31, 1952 ASSETS Cash in Bank $5,136.08 Current Tax Levy 4A 700.00 Total Assets $ 86,oB LIAB/LITIES1 RES ...SJAND SURPLUS Reserve for Current Tax Levy $40700.00 Surplus: Available _5,136.08 Total Liabilities, Reserves, and Surplus $4116"98. STRANO & ROE -17- City of Hopkin Hopkins, Minnesota LIBRARY FUNIS BALANCE SET As At December 31) 1952 ABMS Cash in Bank $ 1,183.47 Current Tax Levy 9,830. Books and Equipment 7 Total Assets $1860 3441 L/ABILITIES RESERVES ANL SURPLUS Reserve for Current Tax Levy $ 9,850.00 Surplus: Available $1,183.47 Invested in Fixed Assets 7,568.86 8,75203 Total Liabilities, Reserves, and Surplus 602.11 STRAND E. ROE City of Hopkins Hopkins, Minnecota PARS FUND BALANCE EMT As At December ;}l,s 1952 ASSETS Cash in Bank $ 7,949.06 Fixed Assets - Meters 11,2X).00 Total Assets LIABILITIES RESERVES AE SURPLUS Surplus: Available $ 7,949.06 Invested in Fixed Assets 11 250.00 Total. Surplus 49:199.06 Total Liabilities, Reserves, and Surplus $1.24,106_ v STRAND & ROE City of Hopkins Hopkins, Minnesota RECREATION FUND BALICZ SHUT As At DOSOMber 31, 1952 ASSETS Cash in Dank $ 11: 4.28 Current Tax Levi, 21,925.O0 Total Pesets $25.4812:28 LIABILITIES RESERVES„ AND SURPLUS Reserves for Current Tax Levy $23,925.00 Surplus: Available 1,890.28 Total Liabilities, Reserves, and. Surplus Al/t3.12ei V STRANI 11. ROE -20- City of Hopkins Hopkins, Minnesota FIRE mini BOND FUM ST As At Deloopeor 412 152 ASSETS Cash in Bank $49.8 Total Assets lagia4=1311ELV111, AND SURPLUS Surplus: Available $129.85 Total Surplus -21- City of Hopkins Hopkins, Minnesota ammo FUNDS - GENERAL OBLIGATION ;ONDS BALANCE SHEETS As At December 1' 2 Permanent Improvement Water Storm Fire Assets Revolving Bonds Saver Equipment Total Cash in Bank $ 10,208.24 $ 2,683.84 $11,408.95 $ 106.25 $ 24,407.28 Amounts to be Provided for the Payment of Bonds and. Interest: Current Tax Levy $ 48,300.00 $ 3,137.00 $ 9,600.00 $ 3,200.00 $ 6k,237.00 Future Levies 286,879.67 29,409.16 47,855.05 232494.75 011638-63 Total to be Provided $335,179.67 $32,546.16 $57,455.05 $28,694.75 $453,875.63 Due from P.I.R. Fund 21.025.42 2,025.42 Total Meets 33 230.00 $288°172R #42A1233 Liabilities Bonds Payable: Within One Year $ 30,000.00 $ 2,500.00 $ 8,000.00 $ 1,000.00 $ 41,500.00 Subsequent Years 290,000.00 30,000.00 561,000.00 24 000.00 400 000.00 Total Bonds Payable $320,000.00 $32,500.00 $64,000.00 $25,000.00 $441,500.00 Interest Payable; Within One Year $ 5,213.33 390.00 $ 1,140.00 $ 514.50 $ 7,257.83 Subsequent Years 22,200.00 20340.00 3,724.00 3,024.00 31,288.00 Total Interest Payable $ 27,413.33 $ 2,730.00 $ 4,864.00 $ 3,538.50 $ 38,545.83 Due to Special Assessment Fund 262.50 262.50 Total Liabilities 03q,a141-1z,Z, 411Y241:22 g§/864.°° 821-z22 448°=-012 Per Cent of Total Levy for STRAND Bonds and Interest 75.19% 4,:o. 14.99% 4.98% 100.00% & ROE -22- '''' R .1 Wk. 88888 88888 81 agaggfrkaSkR8 9,4 . • • . • . • • • • • • • • • a,A4agg, •0.0a1 w. . ., .I, .• .np 4 4. .• .4 .• •• 44,44.4,14,/1^^0,4 t4 air ril 11 '4 ),A 8.8.EM8.48. 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Se A i m E P -., 8' 11 g*.4 ,4 888888888 g5888888 11888 §I 88! 4 6 !4 gahzgm P. .i. eig§ni?I1 1 Ij , .4.,,..!4%.,%3w i, It ,..........4. 1 ,„, iss- Ili 44. V 4.t tew A P 8 g 8 R8R8tA Si 88888888 888gI .i 9 • • • • • . • 8 4J P 1 1 . . • . • • • • . ft . . .. , .. . . e. N WWIlAltVaNtr.^1" §‘ 't:: cl ‘11,,r . 1 . i' w 44- 0 4s, 09 u s. i 888888 J 888888 81 i4 zif . sa 1 .43.4.Figi.'; §til,tic§ .. .lk el 1,11 ,.. ..el• .. 0 1 0 1 1::12 91 1,1 CV 04 .,.,. ..... .0. 0 81 4 , a R J t.. va tt 4 ..„......_-,....„..., , .4 9 . 4 .1 E til , A -..... ii .3 li ,i ''' '1 g 4 hi s I § I f w CA g i n ' 5 k4 . ..q Ei g ,t' ..1 4': >' LI i 5 .N V Si c ...RRt P 1.4 0 .32.e g k. 0 F. —..-. ,_. City of Hopkins Hopkins, Minnesota WAS FUN BALANCE SST As At .December .3.1. 34_0L, ASSETS CURRENT ASSETS: Caen in .Bank $ 9,253.55 Change Fund 100.00 Accounts Receivable 2,602.35 Meter Inventory 2,771.75 Due from P.I.F. Fund - Note A 1,343.01 Total Current Assets $ 16,070.66 Ftp ASSETS: Wells, Tanks, Mains and Equipment $451,942.08 Automotive Equipment 969.09 $452,911.17 Less: Reserve for Depreciation 8,674.85 Net Fixed Assets 444,236.32 Total Assets LIAgILITUS Mat INNIFLI4 ALLOCATION PAYABLE - S RA( FUND 390.35 SURPLUS: Invested in Fixed Assets $444,236.32 Available 15,660.31 Total Surplus9,916.f Total Liabilities and Surplus STRAN D S ROE Note A - Chevrolet Panel Truck was purchased in 1950 by the water fund; the truck, however, has been used entirely by the engineering department. 1 -25- City of Hopkins Hopkins, Minnesota WATER FUND FIXED ASS 'S As At December 31, 1952 We11s,Tanks, Fins, and Auto tive EquipsKnt , Total BALANCE AT DECEMB 1 1 =1 $969.09 $421,629.23 $22,598.32 ADDITIONS DURING !$AR: Additions by Purchases 206.23 20u 23 Water Main Additions-Costae Recoverable to other Funds by Assessments: Through P.I.R. Fund 15,447.32 15,447.32 Through Special Assessment Fund 14, 22.12. 14,65 BALANCE AT DECEMBER 31, 1952 $969..99 *4511.2,42.!,9 = 452 I . DEPRECIATION FOR THE YEAR ESTIMATED 242 �7 ., 8A671 8 vo STRAND & ROE �26- City of Hopkins Hopkins, Minnesota WATER FUND STATEMENT OF INCOME AND EXPENSE For the Year Ended December 31, 1952 INCOME: Water Sales A9,793.38 Less: Allocated to Sewerage Fund lo,889.60 $38,903.78 Gross Profit on Meters Sold 533.02 Tapping 393.00 Connections 434.00 Moving and Repairing Hydrants 726.39 Sale of Scrap 80.00 Permits 38.55 Sundry Charges 64.50 Total Incime. EXPENSES: Salaries and Wages $16,695.80 Power 5,652.04 Clean, Paint and Repair Tank 3,498.00 Seal Coating Streets 4,407.81 Water Treatment 2,007.10 Hydrant and Equipment Repair 1,825.32 Garage Rent 475.00 Building Repair 301.76 Engineering Fees 272.46 Tools and Supplies 1,124.60 Gas and Cil 524.61 Truck Repairs Insurance 314.37 Office Supplies 385.79 Telephone 223.53 Light 84.36 Water Meter Repairs 169.39 Heat 295.62 STRAND Sand and Gravel 201.04 8 ROE Maps 100.00 Sundry Depreciation 8,674.85 Total Expense 48 o61.44 # Net Loss for Year 1,41119- City of Hopkins Hopkins, Minnesota ACCOUNTS RECEIVABU - UTILITIES As At December 31, 1952 Route Sewer Water Total ------- Commercial k6 763.94 $ 282.23 $10046.17 ra 244.50 360.74 605.24 210.75 185.69 396.44 t 3 65.33 63.49 128.82 245.79 193.12 438.91 , 297.00 269.19 566.19 447.50 437.89 885.39 255.12 232.17 487.29 #8 130.50 127.31 257.81 1/9 49.96 37.62 87.58 /40 94.50 151.87 246.37 11 159.50 182.66 342.16 #12 & Knoliwood 138.11 78.37 216.48 #55 13.50 _D.50 Totals $1,116.00 *t16021,15 $5t718_.15 1- STRAND & ROE -28- City of Hopkins Hopkins, Minnesota BMNRACIS SYNTO REVENUE FUND BALANIAT At At December 31, 1952 ASSZTS CURRENT ASSETS: Cash in Bank 36,270.75 Accounts Receivable 3,116.00 Allocation Receivable - Water Fund 390.35 Total Current Assets $ 39,777.10 INVENTS: U. S. Government Bonds - Cash Value 31,835.00 FIXED ASL3ET§: Pumps, Mains, and Bwipment $590,844.87 Automotive 1,298.00 $592,142.87 Less: Reserve for Depreciation 11,119.56 Net Fixed Assets _581,023.51 Total Assets LIABILITIES AND SURPLUS CURRENT LIABILITIES: Bonds Due Within Une Year $ 16,000.00 Accrued Interest 369.80 Accounts Payable 12,315.08 Construction Costs - Current 803.46 Total Current Liabilities $ 29,488.34 BONDS PAYABL4 $191,000.00 ,LLE6: Olassea as Current 16 000 00 175 000 00 • • PAYABLE CITYOF MINNEAPOLIS - CONSTRUCTION_COSTS $ 9,502.50 P° LSSS: Classed as Current 803.46 STRAN ROE Total Liabilities $213,187.38 SURPLUS: Invested in Fixed Assets I39,14148.03 1 Total Liabilities and Surplus $02433.5.2.,l9- -29- City of Hopkins Hopkins, Minnesota SEWERAGE ysum REVENUE FUND INVESTMENTS As At December 3111952 Dias maturity Cam Purchased Neterity Value Cost Value U.S. Government Bonds - Series F: 9-1-43 9-1-55 $10,000.00 $ 7,400.00 $ 9,000.00 7-1-44 7-1-56 5,000.00 3,700.00 4,370.00 12-1-44 12-1-56 5,000.00 3,700.00 4,370.00 6-1-45 6-1-57 5,000.00 3700.0O 0 .00 Total Series F $25,000.00 $18,500.00 $22,045.00 U.1 • Government Bonds - Seriss (1.1 8-1-42 8-1-54 *10,000.00 10,222,92 __22211.222 Total Series G & Series F $3000.00 Note A - Interest on Series G in the amount of $250.00 is included in cash receipts of the sewage disposal fund; interest on Series F will be collected when the bonds are redeemed. 10° STRAND & ROE 1 City of Hopkins Hopkins, Minnesota SEWERAGE SYSTIM MIME FUND FInp ASS As At December 311_ 1952 Pumps, Mains, So Automotive Li.quipment Total BALM CE AT DEC $1,298.00 $4310802.66 4433,100.66 ADDITIONS DURINO Y` AR: Additions by Purchases 445.44 4.+5.44 Seer Main Additions - Costs Recoverable to Other ?tads by Assessments: Through P.I.E. Fund 69,802.68 69,802.68 Through Special Assessment Fund 88,794.03 8€8794.09 BALANCE AT DECFMBa 31, 1952 flAi32L29 *D95844.87 . 5 142.87 DEPR C IATION FOR TRi TZAR m s l =.n $,-?t4O $_1W9 .c : *,i ,ii. . STRAND & ROE City of Hopkins Hopkins, Minnesota SEWEPAGE SYSTM PEVENUL FUND BONDS PAYABLE As At December 31, 1952 Date of Issue 12-1-45 12-1-49 Interest Rate 2.251 2.75% Maturities on December 1: Total 1953 12,000.00 $ 4,000.00 $ 16,000.00 1954 12,00000 4,o00.00 16,0(X).00 1955 12,000.00 4,000.00 16,000.00 1956 122,000.00 4,Doo.oo 16,000.oo 1957 12,000.00 4,000.00 16,000.00 1958 12,000.00 4,000.00 16,000.00 1959 13,000.00 4,000.00 17,000. 3 1960 13,000.00 13,000.00 1961 13,00o.00 13,000.00 1962 13,000.00 13,000.00 1963 13,000.00 13,000. 0 1964 13,000.00 13,000.00 1965 13,0GO.00 ... 13,000.00 Totals 063 000.00 $28 000.00 491000.00 V STRAND & ROE -32- City of Hopkins Hopkins, Minnesota SEWERAGE SYSTEM REVENUE FUND ACCOUNTS PAYABLE As At December 1 1a,-2 Description Amount Sod for Left Station $ 3,000.00 1,243.25 Settlement of Damage Claims 2,500.00 Sewerage Treatment - 7-1-52 to 12-31-52 j1573-83 Total $.,1,2,43.12.0§ STRAND S ROE -33- City of Hopkins Hcpkins, Minnesota SEWERAGE SYSTEM REVENUE FUND P CTT Y OF MINNEAPOLIS - CONSTRUCTION COSTS As At December 31, 1952 Hopkins Share of Construction Cost of Minneapolis - St. Peel Sanitary District Works: Original Liability per Contract Dated 5-20-47 ,$24,055.99 Payments in Prior Years $12,906.16 Payments in Current Year: ler Year 1951 $831.92 Per Year 1952 815.41 ],6147.33 14 553.49 Balance Payable - December 31, 1952 $.24a222 Penta Due on December 1: Year Amount 1953 $ 803.46 1954 789.13 1955 777.02 1956 760.21 1957 743.40 1958 728.39 1959 712.02 1960 697.4) 1961 680.51 1962 663.56 1963 646.61 1964 629.67 1965 414.43 1966 319.36 1967 106.49 1968 30.29 Total - per Above $222°29. M° STRAN D & ROE City of Hopkins Hopkins, Minnesota SEWERAGE SYSTEM REVENUE FUND STATEMOT OP INCOME AND EXPENSE For the Year Ended December 31, 1952 Sewage Disposal Charges $45„102.03, Allocation from Water Fund 10, .62 Permits 6,800.00 Digging 150.00 Interest on U. S. Bonds 250.00 Rental, Connection and Sundry 103.00 $63,294.65 EXPENSE: Salaries $ 8,772.83' Sewer: Disposal Charges: Jan. 1 to June 30 $5,799.12 July 1 to Dec. 31 5,571.83 11,370.95•i Interest on Bonds 4,817.50 Power 4,103.38j Seal Coating Street 4,4-07.81 Sewer Repairs and Cleaning 6,512.05N/ Share of Minneapolis Construction Costs 815.41 Equipment Repairs 447.05V Gus and Oil 199.22 '- Truck Repairs Tools and Supplies Building Repairs 205.49 Insurance Telephone 164.10-/ Garage Rental 665.00 Electricity 88.05 Heat 79.81 Patching Street 201.0i Sand and Gravel 329.5.6 Equipment Rental 40.00 V Refund 50.00 ,7 Office Supplies 218.95 / Settlement of Damage Claims 2,500.00 Depreciation 11,119.56 STRAN D & ROE Miscellaneous 42.30 vi Total Expense Net Income for Year -35- City of Hopkins Hopkins, Minnesota FENNArLTLIMLEAMEMLEMPLVING FUND MVAMCI SHEET As At December 16_19_52 ASSETS CA311 IN BANK $ 150142.19 SPECIAL * Y*ILIVABLE: Current $ 39,201.42 Deferred 14,3o9,72 223,511.14 01 IN now 2010244.54 DIE OM aosi.M. ASD: Advance $ 50,000.00 Lot Cost . Peaceful Valley 300.00 Soil Testing Costs 429.52 500729.52 PIM ASSETS $ 2,916.55 LESS: Reserve for Depreciation 49340 20423.45 Total Assets .814 LIABILITIES AND SURPLUS ACCCATSTS "WSW Water and. Sewer Main - 2nd street Yrth $ 16,843.64 DUE TO OTRER FUNDS: General Fund $ 11,257.00 Sinking Funds 2,025.42 Water Fund ___11529.01 $ 31,469.07 SURPLUS: Invested in Fixed Assets $ 2,423.45 Available 73,604.06 5TRI,NC. Unavailable: a ROE Invested in Construction $2010244.54 Invested in Deferred Assessments 184,309.72 3851554.26 Total Surplus 461 :1. Total Liabilities and Surplus $.„4.93,92att City of Hopkins Hopkins, Minnesota PERMANENT IMPROV ,REVOLVING Fid CONSTRUCTION IN PROGRESS �As At December 31: 1952 Seer and Water Main 2nd Street North: Pe me During Year Lametti Construction Co. 468,686.34 Unpaid Balance at 12-31-52 16,843.64 85,529.98 Sidewalk, Curb and Gutter: Carl A. Anderson $14,398.44 Victor Carlson & Son 74,125.91 Lawrence Browning 265.•, .4'789.65 Paving Sundry Cement Work 101.00 Blacktopping: j:arl Sewell $11,133.91 Republic Creosoting Co. 2,1.96.86 Black Top Service Co. 1,13E.14 14,7 6.91 Equipment Rental and Labor - .Reimbursable to street Department 11,257•X0 Total $201 244.,.54 STRAND & ROE -37- City of Hopkins Hopkins, Minnesota PERMANENT /MPRoVEjENT REVOLVING FUND CONSTRUCTION COSTS ASSESSU1 For Year Ended. December 1 1• Sewer & Water B1acktopping City Labor & Material - Prior Year $222.00 $4,701.30 Contingencies 33.30 705. 9 Total Assessed - Note A 4255. $ ,106.79 Sidewalk, Curb Gutter Contract Costs - Prior Year Contingencies $21,785.74 3,67.65 Total Assessed - Note A O }39 Note A - Were actually assessed in 1953, but for purposes of clarity, have been treated as assessed at December 31, 1952, rather than as constructions in progress. 1,0 ,STRAND & ROE -38- City of Hopkins Hopkins: Minnesota peRMANIENT IMPROVEMNIM! RIVOLV1NG FUND As At December 31, 1952 AOSETS Purchased pescription Automotive Total 1950 Berger Dumpy- Level $ 310.00 $ 310.00 1950 Royal Typewriter 142.38 142.38 1950 File Cabinet 69.50 69.50 1951 Gurley Transit 450.00 450.00 1951 Monroe Calculator 125.00 125.00 1952 Desk 142.65 142.65 1952 Blue Print Cabinet 242.75 242.75 1952 Steel File 91.26 91.26 1950 Chevrolet Panel Truck 1 343 01 At3.19.°1 44„,27(1,5k Depreciation for the Year - Estimated 335.75 LeAaLla L 4,91'1° 1- STRAND & ROE -39- 3 v W m�,e71 P%O RmruN .1 u,./.a m A ..,,r,.a T- a.�... .. .. . . . . MN;OWN ¢OIr.Nm.f 1r/]COt� . Gi tl WtriN•0 .AL1 + + + N .„, ,� N ed N W.1 .-1 .1 v M tai� .I d;My NQa U,U1 f .i i+1>f CT ,N rMl n.f ,Q.Q O �O M � { . O U1 1.:11.y JJ J .i.4. ..4.1 % I Vis �� y ,4r V \i4i1,4i i .f N4./.4.4d.4y.4 M d.i.i-a.y.i.d ,r) G.' 4' &-3 RI Ei.8‘S f:4::9113 RI,g•ii`6'1.;; '&1 7,4 O.-1 ! '. .y 1*,a c0 I c, ti N rl :�o�ti N c.1%-;• r~0.4 }N �{ I .7 .3. y ppm 7� ���,,yyy1 � 3- w �J,6'4'1—N ,O :A N 3 R A- .D S A h1 aM1 A C',1[R O I .� ,D J' Y M a 11\ u1 1! 3f .41 1 rai.�I NC7 Zit 5a O94"4 IU-`,21a01,313 ti dOMrA .1 .A.I.YMM I r. .7 ..A+ � UN �j N MN I�ANNc V,N A0;N CJI '0 1 a a:4'4\2' t1 X1 :� W1/44 N x.'7.+.1.i .y Nl CCIy 0 44 n ', Ns` NNiii44 ll aral L44( 2 4, --- w ..:‘C t' '4 . USD b! a� cyi 1C� 1d VW] m i r.N". 11 O .t g.. N rl.a C-[t7 31 N N.r LIN C-a O m,L3-4 u, . ., .t.� y.ac�t :21 ....,_____ ....4.-4......_ _______ g d 9 y � g I E g 4A i v ya6: 4 3 1 1 e r M 4 G b* 0 0 r 1 a.B A 4 4012 ; W 1 1 FA g ti �,�. _ a N A 44 4 q W A4 01....1 0.0. City or Hopkins Hopkins, Minnesota SPECIAL ASSESSMENTS =ENO'S - DIOTAlL As At December 31, 1952 Deterred current Annual Ameesanaut Plat No. Total Principal Yews Total ?argonaut - *velment Revolvi . Fund: Lateral Sever 36919 $ 239.76 $ 168.78 6 1,012.68 37320 119. : 84.39 6 506.34 37450 5.1211115. 3,579.60 6 21A11169, $ 5,392. (9 $ 22,996.62 P.I.R. Water Main 37013 505.69 356.10 6 $ 2,136.60 37670 63o.52 444.03 6 2,664.18 $ 1,136.21 $ 4,:th.78 P.I.R.F. Sever Main 37023 $ 85.14 55.35 8 + 442.80 Note C 37024 544.86 353.79 8 2,830.32 37430 258.50 167.87 8 1,342.96 37590 182.05 118.20 8 945.60 37690 31.12 21.04 i 147.28 37700 8,572.46 5,566.53 8 44,532.24 37400 115.02 77.74 7 544.18 $ 9,789.15 $ 50,785.38 P.I.R.F. W..ter in 37023 $ 88.32 57.36 8 37024 260.63 183.56 6 1,101.36 Note C 37024 553.34 359.30 8 2,874.40 37130 188.94 133.08 6 798.48 37400 83.19 56.23 7 393.61 37430 279.82 181.70 8 1,453.60 37450 1,214.48 855.10 6 5,130.60 37490 217.65 153.25 6 919.50 37590 195.10 126.70 8 1013.60 37670 123.88 87.21 6 523.26 37690 109.68 77.20 6 463.20 37690 34.54 23.34 ' 163.38 37700 _7089.94 5,188.27 8 41,506.16 $11,339.51 $ 56,300.03 P.I.R.F. Curb 37024 $ 180.53 161.20 1 $ 161.20 ,. 37130 236.90 21104 1 211.54 SIRANI 37300 158.90 128.22 3 384.66 & 170E 37510 276.20 246.62 1 246.62 37670 1,440.30 1,286.01 1 1, -4..01 37670 323.58 273.46 2 546.92 37670 476.00 383.87 3 1,151.61 37690 423.42 341.46 3 1,024.38 37690 71.64 60.71 2 121.42 37690 144.58 129.08 1 129.08 37700 175.00 141.16 3 423.48 37590 69.65 59.02 2 118.04 $ 3,976.70 $ 5,804.96 -41- City of Hopkins Hopkins, Minnesota aU;IAL ASSSSSMBRTS RECEIVABLE - DETAIL As At December 31, 1952 Deferred Current Annual Description Plat No. Total Prinei1 Years Total P.I.R.F. Blacktop 37025 $ 246.70 $ 220.33 1 220.33 37430 187.40 167.32 1 167.32 37450 584.06 410.86 6 2,465.16 37470 67.32 37550 248.64 222.00 1 222.00 37590 47.13 42.08 1 42.08 37630 647.65 578.25 1 578.25 37650 246.71 220.28 1 220.28 37670 543.07 1484. j. 484.88 37690 , 841.5.6 751.39 1 751.39 $ 3,660.24 $ 5,151.69 Curb & Gutter 37110 $ 294.64 237.60 3 $ 712.80 37135 675.56 545.04 3 1,635.12 37570 343.24 276.80 3 830.40 37690 311.51 251.24 3 753.72 5 1,624.95 4 3,932.04 P.I.R. Sidewalk & Curb 37670 $ 445.62 377.64 2 4; 755.28 37690 912.53 814.76 1 814.76 $ 1,358.15 $ 1,570.04 P.I.R.F. Sidewalk 37670 $ 250.93 224.11 1 $ 224.11 37670 301.05 242.80 3 728,40 551.98 $ 952.51 P.I.R. Curb 37510 $ 315.73 267.61 2 $ 535.22 P.I.R. Sanitary Sewer 37630 $ 56.01 37.85 7 $ 264.95 Blaektopping - 1951 Work 1,132.42 5 $ 5,662.10 Note D STRAND Sidewalk, Curb & Gutter - 1951 5,010.68 5 25053.40 & ROE Bete D _ etal - Permanent Improvement Revolving Fund $39,201.42 $184,309.72 -42. city of if_pkins Hopkims, Minnesota SPMCIAL , y, RECEIVABLE - EETAIL As At pleaumber 3l 1952 Deferred Current Annual Description Plat yo, 'YOU' Principal Yearn Total Special Assessment Funds: 368 - Water Main - Note A 37024 $ 21.21 4; 15.23 8 $ 121.84 37410 9.63 7.59 8 60.72 37450 43.76 34.45 8 275.60 37450 852.54 672.36 8 5,378.88 ? 927.14 $ 5,837.04 1003 - Sewer 37024 ','. 18.60 10.46 12 $ 125.52 37510 2,095.55 1,177.50 12 14,130.00 37670 84.38 47.40 12 568.80 2,198.53 ,-, 14,824.32 1013 - sewer 37130 90.90 73.30 3 $ 219.90 37670 1,208.15 974.31 3 2,922.93 $ 1,299.05 ,.', 3,142.83 1014 - Water Main 36919 $ 44.10 35.70 3 $ 107.10 37025 107.92 87.03 3 261.09 37130 256.30 205,26 3 615.78 37650 107.95 87.04 3 261.12 37670 847.26 683.27 3 2 049 81 $ 1,363.53 $ 3,294.90 1026 - sidewalk 37690 71. 78 58.04 3 $ 174.12 1104 - Sewer 37670 $ 1,993.99 1,533.84 4 $ 6,135.36 37690 1,732.17 1,332.44 4 5:329.76 $ 3,726.16 $ 11,465.12 1105 - Water Main 37670 $ 695.20 534.77 4 $ 2,139.08 37690 635.09 488.53 4 12.954.12 $ 1,330.29 $ 4,093.20 1110 - Water Main 37110 $ 1,031.23 793.27 4 $ 3,173.08 37470 24.23 18.63 4 714.52 STRAND 37550 446.6o 343.38 4 1 p 37 3.52 a ROE 37670 349.94 269.18 4 1,076.72 $ 1,852.00 $ 5,697.84 1111 - Lateral Sewer 36919 $ 375.68 214.99 4 $ 1,155.96 37024 1,350.26 1,038.70 4 4,154.80 37110 1,2/5.48 981.13 4 3,924.52 37130 133.82 102.95 4 411.80 37410 256.44 197.22 4 37450 41(3.85 316.00 4 1,264.00 37550 521.92 401.47 4 1,605.:41 37670 550.22 423.24 4 1,692.96 37650 970.07 746.22 4 2,984.4: 37275 484.40 372.75 4 1,491.00 143 $ 6,329.14 . . City of Evkins, Napkins, Minnesota SPECIAL ASSESSMENTS RECEIVABLE - DETAIL As At Nicallbor 1 Deferred Current Annual Description Plat No. Total Principal. Years Total Special Assessment Funds: 1117 - Water Main 37110 $ 1,625.84 $ 850.18 14 $ 11,902.52 37135 385.20 203.72 14 2,852.08 37570 227.80 119.80 14 $ 2,238.84 $ 16,431.80 1141 - Sewer 37110 $ 1,455.12 1,118.37 4 $ 4,473.48 37110 4,688.08 3,606.40 4 14,425.60 Additional (1958-62) 37110 - 702.08 5 3,510.40 37135 1,227.47 944.43 4 3,777.72 Additional (1958-62) 37135 - 209.04 5 1,045.20 37500 148.01 113.96 4 455.84 37570 163.29 125.61 4 502.44 pdditional (1958-62) 37570 - 29.67 5 148.35 37570 554.23 426.36 h 1,705.44 Additional (1958-62) 37570 - 98.92 5 494.60 36919 285.80 219.85 4 879.40 $ 8,522.00 $ 31,418.47 1246 - Curb Various $ 2,779.66 .7. - .0 - 1247 - Sidewalk - Curb Various $ 1,644.75 - - 4, - 726 - Sewer Various $ 1,446.82 - - $ - 778 - Lateral ;3eyer Various $ 1,712.144 - - ,, - 1248 - Water Main 37430 $ 51.37 37. 75 ) 183.75 37470 106.86 78.60 5 393.00 37550 293.75 216.00 5 1,080.00 37590 58.51 43.03 5 215.15 37690 138.95 102.17 5 510.85 Note B 37530 12214.46 618.30 13 8,937.90 $ 1,863.90 $ 10,425.65 1249 - Sever 37470 $ 72.18 53.10 5 $ 265.50 p• 37550 348.20 256.00 5 1,280.00 sa,,-RRA:, 37590 58.00 42.64 5 213.20 37630 89.12 65.55 5 327.75 37690 9).57 70.31 5 351.55 Note B 37530 11339.74 683.10 13 Total $ 2,002.81 $ 110318.30 -44- City of Hopkins Hopkins, Minnesota SPECIAL ASSESSMENTS RECEIVABLE - DETAIL As At Decenbwr 1 Deferred Current Annual Description Plat Wo. Total Principal Years Tots) Special Assessment Funds: 1335 - Sewer 36919 $ 682.12 $ 568.43 9 $ 5,115.87 37110 1,654.40 1,378.64 9 12,407.76 37320 475.54 339.14 19 6,443.66 37490 m22257.00 3,459.70 9 312137.50, $ 8,069.06 $ 55,104.59 Supplemental 37110 $ 110.40 60.00 13 $ 780.00 1335 - W3ter Main 36919 269.67 224.73 9 $ 2,022.57 37110 803.69 669.74 9 6,027.66 37320 595.20 424.70 19 8,069.30 37490 4,722. 0 3,106.42 9 271957.78 6,391.46 $ 44,077.31 Supplemental 37110 $ 99.92 54.28 13 $ 705.64 1335 - Sewer 37300 $ 394.25 277.70 6 $ 1,666.20 1335 - Curb 37670 $ 392.16 350.20 1 $ 350.20 Sundry Sewer and Water - Note Mq Park Valley Water 805.36 10 $ 8,053.60 Park Valley Sever 735.40 10 7,354.00 Peaceful Tlley Sewer & Water 6,334.12 20 126,682.40 I5th a 16th Avenues: Water 382.19 10 3,821.90 Sever 637.43 10 63714. 2 Total Special AssessmentFund3 06:766.09 0971568.41 Grand Totals po Note A - Interest on Special Assessment 368 is computed at 3%; all others at 6%. Note B Assesments 1248 and 1249 on Plat 37530 originally for 20 years through 1968; STRAND & ROE by Council resolution 199 datedMay 16, 1951 - the assessments for 1967 and 1*-4 were cancelled and that for 1966 vas reduced approximately $5.00 on each parcel. Nate C - Fair Ground Site. Mote D - Assessments spread in 1953 but construction was completed at December 31, 1952. -45.. City of Hopkins Hopkins, Minnesota 4%pERRED ASSESSMENTS RECEIVABLE py YEAR COLLECTIBLE As At DecemberAL1422 Permanent Improvement Special Year Revolving Assessment Collectible Fund Fund Totals 1954 $ 34,414.01 $ 44,655.06 $ 79,069.07 1955 28,654.16 44,304.86 72,959.02 1956 27,615.72 44,304.86 71,920.58 1957 25,067.53 i.2,100.91 67,168.44 1958 25,067.53 26,i02.93 51,470.46 1959 18,924.43 25,437.78 44,362.21 1960 12,391.27 25,160.08 37,551.35 1961 12,175.07 25,160.08 37,335.15 1962 24,430.45 24,430.45 1963 13,983.08 13,983.08 1964 10,922.70 10,922.70 1965 10,922.70 10,922.70 1)66 9,687.34 9,687.34 1967 8,271.66 8,271.66 3.9t3 7,097.96 7,097.96 1969 7,097.96 7,097.96 1970 7,097.96 7,097.96 1971 7,097.96 7,097.96 1972 7,097.96 7,097.96 1973 6,334.12 6 334.12 Totals $18kk30272 4397 568.41 $581,878.13 V. 5 Ili AND 10E .46- City of Hopkins Hopkins, Minnesota SPECIAL 40SASSMENT FUND MUM SIT As At December 31, 192 ALS4TS CASH IN BANK $ 26,158.09 SPECIAL ASSESSMENTS NNerTVABLE: Current $ 56,766.09 Deferred 397,568.41 454,334,50 DUE FROM FIR3 EQUIPWROT SINKING FUND 262.50 Total Asset* LIABILITIES AND SURPLUS BONDS MAKE: 'Cue Within One Year . Note A $ 30,510.23 Due in Ilubsequent Years 234,217.69 $264,727.92 IMBEST PAYABLE IN 1953 3,045.27 ACCOUNTS PAYABIA: Peaceful Valley - Contract Balance $ 16,379.68 Peaceful Valley - Blacktopping 130501.00 Park Valley Sewer Costs 730.00 30,610.68 DUE TO P.I.R. FUND: Advances $ 50,000.00 Lot Cost - Peaceful ILaley 300.00 Soil Testing Costs 429.52 50,722-52 Total Liabilities $349,113.39 SURPLUS: Unavailable - i*WOOtad in Deferred Assessment* 131,641,70 STRAND Total Liabilities and Surplus. & ROE Note A - Includes bonds maturing January 1, 1954. .47- City of Hopkins Hopkins, Minnesota SPECIAL ASSESSMENT puND CONSTRUCTION COSTS ASSBSStp For Year Ended December 31, 1952 Sever Water Althea Line: Perron Construction Co.: Current Year $ 725.33 $ 615.85 Prior Year 3,751.05 2,976.32 Material Coats - Prior Year 1,608,62 4,027.87 t 6,085.00 $ 7,620.04 Contingencies 932.66 341115.16 Total Assessed $ 6,997.66 kte6422 Monk Avenue & Oxford Street: Perron Construction Co.: Current Year $11,940.75 4 2,206.78 Prior Year 3,398.94 2,093.13 Material Costs: Current Year 236.00 Prior Year 1,320.14 _3,474.84 $16,895.82 $ 7,774.75 Contingencies 215/3.14 1,168.90 Total Assessed $19468.96 $ 81.943.65 Knollwood: Contract Costs - Prior Year $25,777.58 $22,945.25 Blacktopping - Prior Year 4,306.81 40067.2/ $30,084.39 $27,012.32 Contirgencies 4t512.69 41051.87 $34,597.08 ni,o64.1, Note: Transfer was made from the Special AsseSsnent Fund to the Permanent I .'rovemant Revolving Fund in 1952 to cover the costs as follows: Althea Lane: Sewer $ 6/997.66 Water 8,763.20 15,760.86 Monk Avenue 30 Oxford Street: ,i RAND Sever $19,468.96 & ROE Water 8,943.65 28,412.61 Inollwood: Sever $34,597.08 Water 31,064.12 65,661.27 $109,834.74 Unlocated Difference 41.53 Total Transferred 4922-7&24 City of Hopkins Hopkins, Minnesota SPECIAL ASSESSMENT FUND CONSTRUCTION COSTS ASSESSED For Year Ended December 1' Sewer Water Park Valley: Terry Excavating Co. $5,650.00 $ 60'4%30 County Charge 17.00 17.00 Costs - Unpaid at 12-31-52 730.00 , $6,397.00 $ 7,005.30 Contingencies 957.01 lt048.27 Total Assessed - Note B 17.354.01 $ 0-0041 --A&_ 15th and 16th Avenues: Wolff Construction $5,527.30 $ 7,671.00 County Charge 18.00 $5,545.30 $ 7,671.00 Contingencies 829.01 1..2150.91 Total Assessed - Note B $6437h.31 $.JA11!,P1 Peaceful Viably: Lametti Construction: Current Year $ 77,616.79 Balance Unpaid 160379.68 Lot Cost 300.00 Lots - Note A 2,100.00 Plans and Specifications - Prior Year 3,825.00 Soil Testing 429.52 Blacktopping Yet to be Done 111501.00 $114,151.99 Contingencies - Mato A 1:12530.40 Total Asa - Note B 411:g4,612!39 Note A - The cost of 7 lots were omitted in the computation of the assess- ment, the effect of which reduced the amount included for contin- po gencies; nevertheless, the amount for contingencies appears to be STRAND adequate. a ROE Note B - Were actually assessed in 1953, but for purposes of clarity, have been treated as assessed at December 31, 1952 ratrer than as construction in progress. -49- • • • • • • • • • • • • . • • • . • if.. 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Ilfinil '"° .15,11 . 84.1.i. ..., 0 0 • • • i4.4 4 • Aoru .4 j pi 'a 1.4 1.4 I•4 Oi a iga.cla:o. crl i 1 Val aggIISI I . s a. ,,, City of Hopkins Hopkins, Minnesota GENERAL FI.X;;D For Year Ended December 31, 34,52 December 31, 1952 1951 1252 Increase City Hall, Land and Equipment $ 23,575.40 $ 25, 82.59 $ 1,907.19 ?arks, Playzo ounds and Equipment 10,383.98 16,352.65 5,968.67 Fire Department Equipment 18,369.07 430239.22 24,870.15 Sidewalks, Curbs and Gutters 100,861.24 189,650.89 88,789.65 Streets, Paving* and Roads 113,727.45 129,294.36 15,566.91 Street Lights 13,178.33 13,178.33 Automotive and Road Equipsiati Police Cars 40355.24 5,961.54 1,606.30 Caterpillar Grader 2,110.00 2,110,00 Allis Chalsabra Grader 3,695.00 3,695.00 Ford 1 1/2 Ton 930.60 930.60 Dodge 1 1/2 Ton 1,592.50 1,592.50 Moline Tractor 2,169.50 2,169.50 International 2 1/2 Ton 2,410.96 2,410.96 Dodge 2 Ton 3,392.95 3,392.95 Caterpillar Grader 10,809.00 10,809.00 Moline Tractor 5,557.50 5,557.50 Ford 2 Ton 2,635.00 2,635.00 Tar Kettle 2,106.00 2,106.00 Diamond T 6,750.00 6,750.00 Hough Loader (Fart Payment) 5,000.00 5,000.00 Garage - Old. Gas Plant 13,432.82 13,432.82 Road Equipment - Sundry 18,177.04 19,35344 1,176.10 Totals $4p:4363158 $ ,104 55 4lat/40t97 .e%5 STRAND & ROE City of Hopkins Hopkins, Minnesota ASSESSED VALUATION - TAX LEVY AND RATES 1951. 1952 ASSESSED VALUATION: Real Estate: Homestoad $1,091,571.00 $1,556,769.00 Non-Homestaad 1,882,184.00 4,038,528.00 Personal Property 2 067 Elo1.00 2466 451.00 tti..2a4V92 KILL MTI 46.8o 4();10 TAX LEVY: General Fund 41.70,323.00 ; 218.1666;0o Recreation Fund 12,179.00 23,925.00 Poor Fund 4,700.00 4,700.00 Library Fund 7,200.00 9,850.00 Firemen's Relief 200.00 1,300.00 Bonds and Interest 49_,315.09 64,237.0o 42,113491./Ii0 1122-6?8.00 TAX LEVY SPREAD: General Fund $2180876.46 Recreation Fund 23,782.16 Poor Fund 4,837.05 Library Fund. 90674.10 Firemen's Relief 1,612.35 Bonds and Interest $124276.10 STRAN D & ROE -53- City of Hopkins Hopkins, Minnesota INSURANCE IN f04C As At December 31, 1952 Buildings Contents Fir* and extended Coverage: City Ball, Including Fire Department, Jail and Pump House No. 2 $50,000.00 $12,000.00 Dow Building 12,600.00 10,000.00 1'1, 0 House No. 1 1,800.00 3,000.00 - .. House No. 3 3,600.00 7,200.00 Street loopartnt Building and Warehouse 13,000.00 1,500.00 Warehouse Building 1,350.00 Band Stand 2,500.00 1,000.00 Warming House - 13th Avenue North 600.00 Warming House - 2nd Street North 600.00 Warning House - Monroe Avenue South 450.00 Woodin Water Tank and Tower 8,100.00 Steel later Tank and Tower 50,000.00 Autos - Trucks and Mobile Equipment: Comprehensive Actual Cash Value Collision $50.00 Deductible Bodily Injury 10404004 Property Damage 25,000.00 Miscellaneous: .hobbery - Within Premises 2,000.00 Workmen's Compensation Statutory Fis ,lity Bonds: WJlton R. L. Taylor City Manager 5,000.00 Walton R. L. Taylor Treasurer 15,000.00 William Sterling Assessor 1,000.00 Arthur Elisquist City Clerk 1,000.00 Dorothy Isenbarger Office 1p •000 03 ..w Mary Maxwell Office 10 000.00 - William Sterling City Finance Officer 1,000.00 Martin J. Oink Clerk of Municipal Court 1,000.00 Eng$er A. Johnson Police 1,000.00 Clarence B. Vita Police 10000.00 Emil J. Shenkyr Police 1,000.00 Carrol J. Lund Police 1,000.00 Louis G. Faucher Police 1,000.00 Howard Puck Police 1,000.00 1,,... Lawrence E. Schutz Police 1,000.00 STRAND a ROI Theodore H. Johnson Police 1,000.00 Thomas W. Lamle, Jr. Police 1,000.00 -54-