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Home My WebLink About1981 CAFR I I I I I I I I I I I I ~I -I JI 4 I ]1 1 I J I CITY OF ANDOVER, MINNESOTA FINANCIAL STATEMENTS DECEMBER 31, 1981 E I E E E I E E I ~I Ii! ~ ,i, ..i I i II I Ii el , e E ~i cl E: l' ~ ,~ I I I I I I I I I I . I , ; ~ - 1 I ~ j I - J I J ! i I 1 I 1 ~ ~ 1 I I . , I 1 ] I ~ , Elected Mayor Gerald Windschitl Council Donald Jacobson Robert Peach Theodore M. Lachinski Kenneth Ortte1 Appointed Clerk-Treasurer Patricia K. Lindquist CITY OF ANDOVER, MINNESOTA ELECTED AND APPOINTED OFFICIALS Term of office expires first business day of January 1983 1983 1983 1985 1985 ; m ~ ~ m m ml ~I I i Ii I m: I I ml I I' m ~ ~ C C C C1 Ii" ~ I I I I I I , I j , I j , I . ~ I J i I ~ ~ I ~ 1 I j 1 I , I ~ ~ j I ~ I d . ) I j 1 I , CITY OF ANDOVER, MINNESOTA TABLE OF CONTENTS SECTION I INTRODUCTORY SECTION Page Comments I SECTION II FINANCIAL SECTION Accountants' report 1 II-A. Combined Financial Statements (General Purpose Financial Statements) Combined balance sheet - all fund types and account groups Combined statement of revenue, expenditures and changes in fund balances - all governmental fund types Combined statement of revenue, expenditures and ch?nges in fund balance - budget and actual - General and special revenue fund types Statement of revenue, expense and fund equity - all proprietary fund types - Enterprise funds Statement of changes in financ.ial position - all proprietary fund types - Enterprise funds Notes to financial statements 2 4 6 8 9 10 II-B. Combining and Individual Fund Statements and Account Groups General Fund Comparative balance sheet Statement of revenue, expenditures and changes in fund balance Statement of revenue, compared to budget Statement of expenditures, compared to budget 21 22 23 24 Special revenue funds Combining statement of revenue, expenditures and changes in fund balances 28 Debt service funds Combining balance sheet Combining statement of revenue, expenditures and changes in fund balances 29 30 Capital projects funds Combining balance sheet Combining statement of revenue, expenditures and changes in fund balances 31 33 CITY OF ANDOVER, MINNESOTA TABLE OF CONTENTS (CONTINUED) c I ~ II-B. Combining and Individual Fund Statements and Account Groups (Continued) Page ; Special assessment funds Combining balance sheet Combining statement of revenue, expenditures and changes in fund balances Proprietary funds - Enterprise funds Combining balance sheet Combining statement of changes in fund equity Combining statement of revenue and expense Combining statement of changes in financial position Water Fund Balance sheet Statement of changes in fund equity Statement of revenue and expense Statement of changes in financial position Sewer Fund Comparative balance sheet Comparative statement of changes in fund equity Comparative statement of revenue and expense Comparative statement of changes in financial position Statement of general fixed assets Combining statement of general long-term debt SECTION III STATISTICAL SECTION Schedule of cash, temporary investments and security for deposits Combined schedule of indebtedness Schedule of bonds payable Debt service requirements Tax levies and collections Special assessment levies and collections Assessed valuations, tax levies and mill rates >- 34 c 38 m 43 44 46 47 ~ 48 49 49 50 c c 51 52 53 54 m c 55 56 c m 59 60 62 66 67 67 69 c c c c c c I I I I I I I I I I I I I I I I I I I SECTION I INTRODUCTORY SECTION I CI 1 I CI I ~! 11/1 I ~I &I! , i ~i il I f!l\1 lWi i Cl I II I i ml I ~i ~I ml Pli ~I I ~i &Wi I ml I II I Pl1 .., i ml m: I ~I - 1.-' i>-'-- -- I I I I - I - - I I I I I I I I I I I I I I ~ 01 ANDOVER COMMENTS The City of Andover, Minnesota operates under "Optional Plan A" as defined in the State of Minnesota Statutes. Under this plan, the council is elected by popular vote and consists of the mayor and four councilmembers. Administrative personnel, including the clerk-treasurer are appointed by the council. General Fund The General Fund is used to account for all revenue and the activities financed by them which are not accounted for in a special fund. The principal sources of revenue are property taxes and intergovernmental revenue. Expenditures are for general government, public safety, public works, recreation and other functions. The fund balance increased $104,939 during the year to $181,174. $3,648 of this balance has been designated for various city purposes leaving an undesignated fund balance of $181,174 as of December 31, 1981. A condensed summary of revenue and expenditures for the years ended December 31, 1981 and 1980 is shown below: 1981 Budget Actual Revenue and other sources Taxes $244,465 $235,785 $228,699 $182,391 Licenses and permits 35,475 50,190 49,555 31,808 Intergovernmental revenue 319,371 338,986 226,672 243,327 Charges for services 7,150 7,559 5,950 10,293 Fines and forfeits 8,000 10,885 7,500 8,808 Other revenue 66,657 173,670 37,940 89,390 Transfers from other funds 38,000 39,146 38,624 42,203 $719,118 $856,221 $594,940 $608,220 Expenditures and other uses General government $217,998 $201,149 $187,276 $239,118 Public safety 226,559 275,.700 187,093 176,901 Public works 134,305 117,478 117,238 125,791 Sanitation 7,192 5,960 13,250 5,173 Park and recreation 84,745 95,777 53,906 53,111 Other una110cated 14,800 24,451 12,974 20,823 Transfers to other funds 31,580 30,767 23,203 23,500 $717,179 $751,282 $594,940 $644,417 Net increase (decrease) in fund balance $ 1. 939 $104.939 $ -0- $ (36 .197) I Special Revenue Funds Special revenue funds are established to account for taxes and other revenue set aside for a particular purpose. Revenue Sharing Fund - This fund was established to account for revenue received from the Federal Government in accordance with the "State and Local Fiscal Assistance Act of 1972." Expenditures can only be made from this fund as outlined in the Act. The City's share of revenue for 1981 was $38,692. During 1981, $39,146 was transferred to the General Fund. There was no fund balance as of December 31, 1981. Debt Service Funds Debt service funds are used to account for the accumulation of resources for payment of general obligation bonds or other general indebtedness and interest thereon. General property taxes and transfers from the General Fund provide the primary financing for debt retirement. The long-term liability (outstanding bond principal) from the issuance of general obligation bonds and other forms, of long-term debt is set up as a liability in the General Long-term Debt Account Group. The funds included with the debt service funds are: 1978 General Obligation Bonds Fund 1979 Certificate of Indebtedness Fund 1980 Equipment Certificate Fund ~ E ~ '~ ~ E ~ c c Capital Proiects Funds Capital projects funds are established to account for proceeds from the sale of bonds ~ and other revenue to be used for the acquisition of capital improvements by the City. Following is a brief description of each. 1979 Equipment Fund - This fund was established to account for the proceeds from the sale of $85,000 of certificates of indebtedness to be used for equipment acquisition. The fund balance was $ 7,222 at December 31, 1981. Coon Creek Drive Fund - This fund was used to account for the improvement of Coon Creek Drive. Financing has been provided primarily by the State of Minnesota. The Fund was closed during 1981. Park Fund - The Park Fund was established to account for revenue, primarily park dedication fees, to be used for the acquisition and improvement of parks. The fund balance was $61,881 at December 31, 1981. Special Assessment Funds Special assessment funds were established to account for assessments levied to finance improvements or services deemed to benefit the properties against which the assessments are levied. Primarily, the transactions accounted for in the funds are the receipt of bond proceeds or other sources of financing and disbursement of such proceeds for construction work done and the collection of assessments against benefited property owners and disbursements of assessment collections for the payment of bonds and interest. II ,~ C1 C: ~ ~ C1 ~, ~ c c I I I I I I - I l I ~ - , I 1 ! , ; I j ~ j ~ I 1 . I . . I .I ; j . , ] I 1 I .. ] I 1 I i ~ . J I ] I l I Enterprise Funds Enterprise funds are established to account for the financing of self-supporting activities of governmental units which render services to the general public on a user charge basis. In Andover the water and sewer utilities are operated as enterprise activities. The financial statements of enterprise funds are similar to comparable private enterprise and are self contained. The Water Fund was established during 1981, a condensed summary of operations is as follows: Revenue Expense (excluding depreciation) $ 33,239 22,149 $ 1l,090 ( 8,064) $ 3.026 Depreciation Net income A condensed summary of Sewer Fund operations for 1981 and 1980 is as follows: 1981 1980 Revenue Expense (excluding depreciation) $ 68,194 57,768 $ 10,426 (67,792) $(57.366) $ 55,872 52,192 $ 3,680 (51,982) $ (48.302) Depreciation Net loss General Fixed Assets This account group is used to show the general fixed assets of the are used in the performance of the general governmental functions. 1981, the general fixed assets of the City amounted to $860,723. City. These assets As of December 31, General Long-term Debt General obligation bonds and other forms of long-term debt that are obligations of the City as a whole and not its individual funds are accounted for in this se1f- balancing account group. Long-term debt included in the acc,ount at December 31, 1981 were as follows: Original amount Outstanding December 31, 1981 1978 G.O. Bonds 1979 Certificates of Indebtedness 1980 Equipment Certificates Long-term payable - Metropolitan Waste Control Commission $430,000 85,000 40,000 $365,000 51,000 32,000 43,018 $598.018 31,770 $479.770 III ~ i, -J;.- m I I Ii ~ Ii i Cl I cl I ci I C' C C C C C: CI Ci C C I I I I 'I ~I ;1 11 il il JI ~I II :: I I ~ I .! 1 I j I . . I I SECTION II FINANCIAL SECTION ~: ~ m E m m m m m m m . m m m m c c c e, c c I I I I I ~ I ~ I I i I - I ~ - I ~ ~ I . ~ - , 1 I ~ - - ~ I . ) I I I ~ ] I j ] I 1 I l I GMHCo GEORGE M. HANSEN COMPANY, P.A. A Prvf('s_~ional Corporation of Cert~fied Puhlic A (.countants ACCOUNTANTS' REPORT The City Council of Andover, Minnesota We have examined the combined financial statements of the City of Andover, Minnesota as of and for the year ended December 31, 1981, as listed in the table of contents. Our examination was made in accordance with generally accepted auditing standards and, accordingly, included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. In our opinion, the combined financial statements referred to above present fairly the financial position of the City of Andover, Minnesota at December 31, 1981, and the results of its operations and the changes in financial position of its proprie- tary fund types for the year then ended, in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding year after giving retroactive effect of the changes, with which we concur, in the methods of accounting for property and equipment as described in Note 2 to the financial statements. Our examination was made for the purpose of forming an opinion on the combined financial statements taken as a whole. The combining, individual fund, and account group financial statements and schedules listed in the table of contents are pre- sented for purposes of additional analysis and are not a required part of the combined financial statements of the City of Andover, Minnesota. The information has been subjected to the auditing procedures applied in the examination of the combined financial statements and, in our opinion, is fairly stated in all material respects in relation to the combined financial statements taken as a whole. Our examination did not include the statistical information listed in the table of contents. ~llfl~~?1l March 26, 1982 1 75 SOUTH PLAZA BUILDING WA YZA T A BOULEVARD AT HIGHWAY 1 00 MINNEAPOLIS, MINNESOTA 5541 6 612/546.2566 2 CITY OF ANDOVER, MINNESOTA COMBINED BALANCE SHEET ALL FUND TYPES AND ACCOUNT GROUPS DECEMBER 31, 1981 ASSETS Petty cash Cash and temporary investments Accrued interest receivable Taxes receivable Allowance for uncollectible taxes Accounts receivable Special assessments receivable Unremitted Delinquent Deferred Other Due from other funds Due from other governmental units Inventory Property and equipment Amount available in debt service funds for payment of bond principal and interest Amount to be provided by future revenues Total assets LIABILITIES AND FUND EQUITY Liabilities Accounts payable Contracts payable Due to other funds Due to other governmental units Deposits payable Deferred revenue Bonds payable Total liabilities Fund equity Contributed Investment in General Fixed Assets Retained earnings - Unreserved Fund balance Reserved Unreserved Designated Undesignated Total fund equity Total liabilities and fund equity See accompanying notes to financial statements. .~ service. m I E E revenue - 0- -L-- 0- $ -0- $ -0- General Governmental Fund Types Special Debt $ 150 194,802 10,992 (10,992) 6,946 1,718 11 7 , 180 $320.796 $ $ 15,727 49,547 74,348 $139,622 $ 3,648 177 ,526 $181,174 $320.796 $75,742 329 1,780 (1,780) E m ~ 8,442 c C E $84.513 ~ C ~I I ~' $84,513 c: Cl C Cj c: I $84,513 $84.513 I 3 I I Account Grou ps Proprietary General General Total I Capital Special Fund Types Fixed Long-term (memorandum only) proiects assessment Enterprise Assets Debt 1981 1980 I $ 150 $ 175 $68,670 $3,472,191 $ 13,415 3,824,820 4,544,908 433 22,482 23,244 104,019 98 12,870 9,061 I ( 98) ( 12,870) ( 9,061) 19,584 26,530 25,347 I 5,893 62,210 62,210 44,908 6,034,842 30,460 6,067,020 2,914,018 I 99,386 99,386 24,438 465 126,087 896 I 5,885 5,885 4,386,921 $860,723 5,247,644 3,222,814 $ 84,513 84,513 75,141 I 395,257 395,257 467,091 $69.103 $9.691.576 $4.456.265 $860.723 $479.770 $15.962.746 $11.429.648 i I $ 1,342 $ 246 $ 17,315 $ 41,365 I 5,144 5,144 179,797 i 24,438 $ 31,770 31.770 47,380 - 150,725 200,272 202,541 l I 30,460 104,808 24,662 9,093,000 448.000 9 . 541. 000 9,398,400 $9,250,211 $ 30,706 $479,770 $ 9,900,309 $ 9,918,583 ~ I $4,382,572 $ 4,382,572 $ 2,378,645 i J $860,723 860,723 843,993 I 42,987 42,987 21,708 $ 430,818 515,331 (1,868,378) J I 3,648 49,794 1 $69,103 10,547 257,176 85,303 I $69,103 $ 441,365 $4,425,559 $860,723 $ 6,062,437 $ 1 , 511 ,065 $69.103 $9.691.576 $4.456.265 ~860.723 $479.770 $15.962.746 $11.429.648 1 I I I 4 CITY OF ANDOVER, MINNESOTA E Genera 1 Special revenue I I I COMBINED STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES ALL GOVERNMENTAL FUND TYPES YEAR ENDED DECEMBER 31, 1981 Revenue Taxes Licenses and permits Intergovernmental revenue Special assessments levied Charges for services Fines and forfeits. Interest Other Park dedication fees Total revenue Other sources Transfers from other funds Bond proceeds Total revenue and other sources Expenditures General government Public safety Pub 1 ic works Sanitation Recreation Other una110cated Capital projects Debt service Total expenditures Other uses Transfers to other funds Total expenditures and other uses Net increase (decrease) in fund balance Fund balance (deficit) January 1 Fund balance December 31 See accompanying notes to financial statements. ~ . $235,785 50,190 338,986 ~ $ 38,692 7,559 10,885 ~ E 454 173,670 $817,075 $ 39,146 I 39,146 I ~ $856,221 $ 39,146 $201,149 275,700 117,478 5,960 95,777 24,451 I ~ $720,515 30,767 $751,282 $104,939 m $ 39,146 $ 39,146 $ - 0.,. - 0- $ -0- c ~ 76,235 $181.174 c C Ci Cl I 1 5 i i Total i Debt Capital Special (memorandum only) service projects assessment 1981 1980 $ 35,441 $ 1,907 $ 273,133 $ 223,165 50,190 31,808 25,362 $ 1,225 30,377 434,642 322,413 ' 3,716,135 3,716,135 822,210 7,559 10,293 10,885 8,808 i 5,932 8,927 725,882 741,195 575,135 191 150 66,960 240,971 104,290 6,763 6,763 46,357 $ 66,926 $ 17,065 $ 4,541,261 $ 5,481,473 $ 2,144,479 30,767 69,913 82,970 i 40,000 $ 97,693 $ 17,065 $ 4,541,261 $ 5,551,386 $ 2,267,449 ' $ 201,149 $ 239,118 275,700 176,901 i 117,478 125,791 5,960 5,173 95,777 53,111 $ 19,109 43,560 22,827 $ 505 1,556,427 1,556,932 3,047,493 $ 88,321 587,160 675,481 310,196 $ 88,321 $ 505 $ 2,162,696 $ 2,972,037 $ 3,980,610 69,913 82,970 i $ 88,321 $ 505 $ 2,162,696 $ 3,041,950 $4,063,580 $ 9,372 $ 16,560 $ 2,378,565 $ 2,509,436 $(1,796,131) ' 75,141 52,543 (1,937,200 (1,733,281 62,850 $ 84,513 69 I03 L 1,365 S 776 155 $(1,733.281 �1 '1 '6 CITY OF ANDOVER, MINNESOTA COMBINED STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BAI,ANCES BUDGET AND ACTUAL - GENERAL AND SPECIAL REVENUE FUND TYPES YEAR ENDED DECEMBER 31, 1981 Revenue Taxes Licenses and permits Intergovernmental revenue Charges for services Fines and forfeits Other Total revenue Other sources Transfers from other funds Total revenue and other sources Expenditures General government Public safety Pub lic works Sanitation Recreation Other una110cated Total expenditures Other uses Transfers to other funds Total expenditures and other uses Net increase (decrease) in fund balance Fund balance January 1 Fund balance December 31 See accompanying notes to financial statements. .....--= General Budget Actual $244,465 $235,785 35,475 50,190 319,371 338,986 7,150 7,559 8,000 10,885 66,657 173,670 $681,118 $817,075 38,000 39,146 $719,118 $856,221 $217,998 $201,149 226,559 275,700 134,305 117,478 7,192 5,960 84,745 95,777 14,800 24,451 $685,599 $720,515 31,580 30,767 $717 ,179 $751,282 $ 1.939 $104,939 76,235 $181.174 E I I ~ ~ I I E ~ E I I E I E m ; m I ---- ---- I 7 I I Total I Special revenue (~emorandum only) Budget Actua 1 Budget Actual I $244,465 $235,785 35,475 50,190 I $ 38,000 $ 38,692 357,371 377 ,678 7,150 7,559 8,000 10,885 I 454 66,657 174,124 $ 38,000 $ 39,146 $719,118 $856,221 I 38,000 39,146 $ 38,000 $ 39,146 $757 ,118 $895,367 I $217,998 $201,149 226,559 275,700 I 134,305 117,478 7,192 5,960 84,745 95,777 14,800 24,451 I $685,599 $720,515 I $ 38,000 $ 39,146 69,580 69,913 $ 38,000 $ 39,146 $755,179 $790,428 $ - 0- $ -0- $ 1. 939 $104,939 I -0- 76,235 I $ -0- $181.174 I I i I ~ . I " j ~ . . I " j .i , 8 CITY OF ANDOVER, MINNESOTA STATEMENT OF REVENUE, EXPENSE AND FUND EQUITY ALL PROPRIETARY FUND TYPES - ENTERPRISE FUNDS YEAR ENDED DECEMBER 31, 1981 Revenue User charges Connection charges Meters (less cost of sales - $3,085) Penalties Interest Other Espense Personal services Supp lies Other services and charges Disposal charges Depreciation Net income (loss) Fund equity January 1, as previously reported Addition of property and equipment net of depreciation. See Note 2 Fund equity January 1, restated Additions to property and equipment from customers' contributions Fund equity December 31 See accompanying notes to financial statements. I:-'~ Totals E E ~ I I ~ ~ I I I ~ E ~, I II ml I ;! , I I:' , ~ ~ " ii i !I I 1981 1980 $ 59,794 39,020 165 1,460 795 199 $ 101,433 $ 19,315 6,392 4,697 49,313 75,856 $ 155,773 $( 54,340) $ 21,532 2,378,821 $2,400,353 2,079,546 $4,425,559 $ 55,682 173 17 $ 55,872 $ 7,415 739 584 43,454 51,982 $ 104,174 $( 48,302) $ 17,852 2,430,803 $2,448,655 $2,400,353 I I I I I I I I I I I I I CITY OF ANDOVER, MINNESOTA STATEMENT OF CHANGES IN FINANCIAL POSITION ALL PROPRIETARY FUND TYPES - ENTERPRISE FUNDS YEAR ENDED DECEMBER 31, 1981 Sources of working capital Operations Net income (loss) Item not requiring working capital Depreciation Customers' contributions of property and equipment Increase in other assets Uses of working capital Acquisition of property and equipment Increase in deferred revenue Increase in working capital Elements of net change in working capital Cash and temporary investments Accounts receivable Due from other funds Inventory Accounts payable Increase in working capital I I I I I I See accompanying notes to financial statements. Totals 9 1981 1980 $( 54,340) 75,856 $ 21,516 2,079,546 30,460 $2,131,522 $2,083,956 30,460 $2,114,416 $ 17,106 $ 9,381 2,155 ( 356) 5,885 41 $ 17,106 $( 48,302) $ 51,982 3,680 $ 3,680 $ $ -0- 3,680 $( 1,702) 5,423 135 ( 176) $ 3,680 10 E CITY OF ANDOVER, MINNESOTA I NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 1981 I Note 1 - Summary of Significant Accounting Policies ~ The City operates under "Optional Plan A" form of City government according appiicable State of Minnesota Statutes and provides the following services: safety, public works, sanitation, recreation, public improvements, planning zoning and general administrative services. The accounting policies of the City of Andover conform to generally accepted ~ accounting principles. The following is a summary of the more significant policies: to public and E A. Fund Accounting The accounts of the City are organized on the basis of funds and aCCount groups, each of which is considered a separate accounting entity. The operations of each fund are accounted for with a separate set of self- balancing accounts that comprise its assets, liabilities, fund equity, revenues and expenditures, or expenses, as appropriate. Government resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled. The various funds are grouped, in the financial statements in this report, into six generic fund types and two broad fund categories as follows: I E ~ E GOVERNMENTAL FUNDS m General Fund - The General Fund is the primary operating fund of the City. It is used to account for all financial resources except those required to be accounted for in another fund. ~ Special revenue funds - Special revenue funds are used to account for the proceeds of specific revenue sources that are restricted to expenditures for specified purposes. ~ Debt service funds - Debt service funds are used to account for the accumulation of resources for, and the payment of, general long-term debt principal, interest, and related costs. I Capital projects funds - Capital projects funds are used to account for financial resources to be used for the acquisition or construction of major capital facilities. I Special assessment funds - Special assessment funds are used to account for the financing of public improvements or services deemed to benefit the properties against which special assessments are levied. m I ml II 17.~ I 11 I CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1981 I I Note 1 - Summary of Significant Accounting Policies (Continued) A. Fund Accounting (Continued) I PROPRIETARY FUNDS I Enterprise funds - Enterprise funds are used to account for operations (a) that are financed and operated in a manner similar to private business enterprises--where the intent of the governing body is that the costs (expenses, including depreciation) of providing goods or services primarily through user charges; or (b) where the governing body has decided that periodic determination of revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance, public policy, management control, accountability, or other purposes. I I B. Measurement Focus I The accounting and reporting treatment applied to the fixed assets and long-term liabilities associated with a fund are determined by its measurement focus. All governmental funds are accounted for on a spending or "financial flow" measurement focus. This means that only current assets and current liabilities are generally included on their balance sheets. Their reported fund balance is considered a measure of "available spendable resources." Governmental fund operating statements present increases and decreases in net current assets. Accordingly, they are said to present a summary of sources and uses of "available spendable resources" during a period. I I I I Fixed assets used in governmental fund types operations (general fixed assets) are accounted for in the General Fixed Assets Account Group, rather than in governmental funds. Public domain general fixed assets consisting of certain improvements other than buildings, including roads, bridges, curbs and gutters, streets and sidewalks, drainage systems and lighting systems, are not capitalized along with other general fixed assets. No depreciation has been provided on general fixed assets. I I All fixed assets are valued at historical cost or estimated historical cost if actual historical cost is not available. Donated fixed assets are valued at their estimated fair value on the date donated. I Long-term liabilities expected to be financed from governmental funds are accounted for in the General Long-term Debt Account Group, not in the governmental funds. The single exception to this general rule is for special assessment bonds, which are accounted ,for in special assessment funds. I I The two account groups are not "funds." the measurement of financial position. measurement of results of operations. They are concerned only with They are not involved with I CITY OF ANDOVER, MINNESOTA m 12 NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1981 E I Note 1 - Summary of Significant Accounting Policies (Continued) B. Measurement Focus (Continued) ~ Noncurrent portions of long-term receivables due to governmental fund$ are reported on their balance sheets, in spite of their spending measurement focus. Special reporting treatments are used to indicate, however, that they should not be considered "avia1ab1e spendable resources," since. they do not represent net current assets. Recognition of governmental fund type revenues represented by noncurrent receivables is deferred until they become current receivables. Noncurrent portions of long-term loans receivable are offset by deferred revenue or fund balance reserve accounts. E I E Because of their spending measurement focus, expenditure recognition for governmental fund types is limited to exclude amounts represented by noncurrent liabilities, except special assessment bonds. All proprietary funds are accounted for on a cost of services or "capital I maintenanc~' measurement focus. This means that all assets and all liabilities associated with their activity are included on their balance sheets. Their reported fund equity is segregated into contributed capital and retained E earnings components. Proprietary fund type operating statements present increases (revenues) and decreases (expenses) in net total assets. Depreciation of all exhaustible fixed assets used by proprietary funds is Ii charged as an expense against their operations, but then is redistributed to reduce contributions in aid of construction. Accumulated depreciation is reported on proprietary fund balance sheets. Depreciation has been ~ provided over the estimated useful lives using the straight-line method. ' The estimated useful lives are as follows: ~ Collection and distribution systems Machinery Furniture and equipment 50 years 20 years 3-15 years ~ C. Basis of Accounting E Basis of accounting refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements. Basis of accounting relates to the timing of the measurements made, regardless of the measurement focus applied. E E All governmental funds are accounted for using the modified accrual basis of accounting. Their revenues are recognized when they become measurable as net current assets. E I E t-~ ----.- I 13 I CITY OF ANDOVER, MINNESOTA I NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1981 I Note 1 - Summary of Significant Accounting Policies (Continued) C. Basis of Accounting (Continued) I Expenditures are generally recognized under the modified accrual basis of accounting when the related fund liability is incurred. Exceptions to this general rule include: (1) accumulated unpaid vacation, sick pay, and other employee amounts which are not accrued; and (2) principal and interest on general long-term debt which is recognized when due. I I All proprietary funds are accounted for using the accrual basis of accounting. Revenues are recognized when they are earned, and expenses are recognized when they are incurred. Unbi11ed utility service receivables are recorded at year end. I D. Budgets and Budgetary Accounting I The City fol1ows these procedures in establishing the budgetary data reflected in the financial statements: I 1. Prior to January 1, the budget is adopted by the City Council. 2. Formal budgetary integration is employed as a device during the year for the General Fund. integration is not employed for other funds. management control Formal budgetary I I 3. Budgets for the General Fund are adopted on a basis consistent with general1y accepted accounting principles (GAAP). I 4. Budgeted amounts are as originally adopted, or as amended. Individual, amendments were not material in relation to the original appropriations which were amended. I E. Cash and Temporary Investments I Cash balances from all funds are combined and invested to the extent avail- able in savings accounts, certificates of deposit and other short-term secur- ities. Earnings from such investments are allocated to the respective funds on the basis of applicable participation by each fund. Investments are stated at cost, which approximates market. I F. Accumulated Unpaid Vacation, Sick Pay and Other Employee Benefit Amounts I Accumulated vacation and sick leave are not recorded as liabilities at December 31, 1981. City employees are entitled to vacation and sick leave based on length of employment, and the payment thereof is treated as expense in the period paid. At December 31, 1981, the unrecorded General Fund liability was approximately $3,150 for accrued vacation pay, and $14,600 sick leave. I jl 14 E CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1981 I I Note 1 - Summary of Significant Accounting Policies (Continued) G. Inventories I Inventories held by the proprietary funds are stated at cost, which is lower than market, ona first-in, first-out basis. The only other items of inventory would be a small quantity of supplies which were expensed when purchased. I H. Total Columns on Combined Statements - Overview I Total columns on the combined statements - overview are captioned memorandum only to indicate that they are presented only to facilitate financial analysis. Data in these columns do not present financial position, results of operations or changes in financial position in conformity with generally accepted account- ing principles. Neither is such data comparable to a consolidation. Interfund eliminations have not been made in the aggregation of these data. E E Note 2- Prior Period Adjustments A. Proprietary Funds ~ As of January 1, 1981, the City included the proprietary fund's property and equipment as part of the fund. Prior to that time, the property and equipment was part of the General Fixed Assets Group of Accounts. m Fund equities of December 31, 1979 and December 31, 1980 have been restated as shown in the following schedule to reflect changes to property and equipment and the accumulated depreciation thereon. I Fund equity - Previously reported December 31, 1979 ~ $ 17,852 ~ Addition of cost of property and equipment Less accumulated depreciation of property and equipment from date of acqui&ition to December 31, 1979 $2,598,271 ( 167,468) $2,430,803 I Fund equity restated, December 31, 1979 $2,448,655 E Fund equity - Previously reported December 31, 1980 $ 21,532 E Prior period adjustment to retained earnings as of January 1, 1979 Additions during 1980 Less 1980 depreciation $2,430,803 -0- ( 51,982) $2,378,821 I Fund equity restated, December 31, 1980 $2,400,353 ; mi I ~ ' L.-- ---------=--;,~- I 15 I CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1981 I I Note 2 - Prior Period Adjustments (Continued) A. Proprietary Funds (Continued) I The 1980 net income has been restated as follows to include depreciation expense for the year: I Net income as previously reported Depreciation expense $ 3,680 (51,982) I Net loss for year $(48,302) B. General Fixed Assets I As of January 1, 1981, the City included their public domain or "infra- structure" general fixed assets--roads, bridges, curbs and gutters, drainage systems and similar assets that are immovable and of value only to the City-- in their General Fixed Assets Account Group. I According to generally accepted accounting principles, it is optional as to whether or not the City includes the above described fixed assets in its General Fixed Assets Account Group. The City has decided to remove these fixed assets. I I The January 1, 1981 General Fixed Assets Account Group have been restated as follows: I Balance as previously reported $8,427,793 I Removal of Proprietary Fund property and equipment - See A above Removal of public domain general fixed assets $2,598,271 4,985,529 $7,583,800 I $ 843,993 Balance as restated I Note 3 - Property Taxes I Allowances are provided for the full amount of delinquent taxes receivable. This has the effect of recognizing property tax revenues at the time property taxes are collected. Note 4 - Due From Other Governments II Amounts due from other governmental units consist of the following: State of Minnesota State aids Reimbursement for right-of-way purchases Anoka County - Court fines I $ 92,520 32,699 868 I $126,087 16 I CITY OF ANDOVER, MINNESOTA I NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1981 Note 5 - Proprietary Fund Types Property and Equipment E I A summary of proprietary fund types property and equipment at December 31, 1981 follows: Water Furniture and equipment Machinery Collection and distribution systems $ 1,564 190,832 321,112 $513,508 ( 8,064) Less accumulated depreciation $505,M4 Balance January 1 Land and improvements Building and improvements Furniture and equipment Machinery and automotive equipment $ 66,111 385,726 28,280 363,876 Total $843,993 Note 7 - Changes in Long-term Debt I Sewer Total $ 3,053 ,$ 4,617 190,832 4,486,778 $4,682,227 E I 4,165,666 $4,168,719 ( 287,242) ( 295,306) $3,881,477 I $4,386,921 Balance Addit ions Disposals December 31 $ 286 $ 66,397 1,105 386,831 10,383 $ 69 38,594 5,025 368,901 $ 16,799 $ 69 $860,723 I I I E The following is a summary of bond transactions of the City for the year ended December 31, 1981: General Specia 1 obligation assessment Total Bonds payable at January 1, 1981 $508,000 $8,890,400 $9,398,400 New bonds issued 325,000 325,000 Bonds retired 60,000 122,400 182,400 Bonds payable at December 31, 1981 $448,000 $9,093,000 $9,541,000 E I I I ~ I 17-' ~ - - I I I I I I I I I I I I I I I I I I I 17 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1981 Note 7 - Changes in Long-term Debt (Continued) Bonds payable at December 31, 1981 are comprised of the following individual issues: General obligation bonds: $430,000 Bonds of 1978 due in varying annual installments through February 1, 1989; interest at 5.55% to 5.70% $ 365,000 $85,000 1979 Certificate of Indebtedness due in annual install- ments of $17,000 through August 1, 1984; interest at 6.00% 51,000 $40,000 1980 Street Equipment Certificates due in annual install- ments of $8,000 thrDugh April 1, 1985; interest at 7.00% 32,000 $ 448,000 Special assessment bonds: $46,000 Improvement Bonds of 1975 due in annual installments of $4,600 through September 1, 1986; interest at 6.25% to 6.50% $ 23,000 $1,635,000 General Obligation Improvement Bonds of 1976 due in varying annual installments through February 1, 1997; interest at 6.20% to 6.80% 1,440,000 $56,000 Improvement Bonds of 1976 due in annual installments of $2,800 through November 1, 1996; interest at 5.00% to 6.75% 42,000 $1,215,000 General Obligation Improvement Bonds of 1977 due in varying annual installments through January 1, 1996, interest at 5 . 00% 1 , 13 0 , 000 $780,000 General Obligation Improvement Bonds of 1977 due in varying annual installments through February 1, 1998; interest at 5.25% to 5.50% 720,000 $270,000 General Obligation Improvement Bonds of 1978 due in Varying annual installments through February 1, 1999; interest at 5.25% to 6.00% 255,000 $270,000 General Obligation Improvement Bonds of 1979 due in varying annual installments through February 1, 1995; interest at 6.50/0 265,000 $430,000 General Obligation Improvement Bonds of 1980 due in varying annual installments through February 1, 1991; interest at 6.10% to 6.90% 430,000 $98,000 General Obligation Bonds of 1980 due in annual install- ments of $4,900 through February 1, 2001; interest at 7.00% 98,000 18 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1981 Note 7 - Changes in Long-term Debt (Continued) Special assessment bonds (continued): $4,365,000 General Obligation Improvement Bonds of 1980 due in varying annual installments through February 1, 2002; interest at 8.50% to 9.10% $4,365,000 $150,000 General Obligation Improvement Bonds of 1981 due in annual installments of $15,000 per year through August 1, 1995, interest at 9.75% to 10.00% 150,000 $175,000 General Obligation Improvement Bonds of 1981 due in annual installments of $17,500 per year through February 1, 1992; interest at 10.25% to 11.50% 175,000 $9,093,000 The annual requirements to amortize all debt outstanding as of December 31, 1981, including interest payments of $7,678,317 are as follows: Year ending December 31 Special assessment 1982 1983 1984 1985 1986 1987-1991 1992-1996 1997-2001 2002-2005 $ 845,386 974,654 956,401 956,999 960,726 , 4,632,114 4,180,991 2,537,523 628,627 $16,673,421 General obligation $ 89,553 85,692 81,833 65,830 54,985 168,003 Total $ 934,939 1,060,346 1,038,234 1,022,829 1,015,711 4,800,117 4,180,991 2,537,523 628,627 $17,219,317 in the debt service funds to service the general obligation $84,513 is available bonds. $ 545,896 There are a number of indentures. The City restrictions. limitations and restrictions contained in the various bond is in compliance with all significant limitations and ;- I m m E ~ m ~ ~ ~ ~ ~ ~ ~ E ~ ~ ~ E ~ I I I I I I I I I I I I I I I I I I I CITY OF ANDOVER, MINNESOTA NOTES TO ,FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1981 Note 8 - Segment Information for Enterprise Funds 19 Segment information for the City's two enterprise funds for the year ended December 31, 1981 was as follows: Water Revenue $ 33,239 8,064 3,026 511,944 513,508 9,526 515,206 503,962 11 ,008 Depreciation Net income (loss) Current capital contributions Property and equipment additions Net working capital Total assets Total e~uity contributed Retained earnings Note 9 - Special Assessment Fund Deficits Sewer $ 68,194 67,792 ( 57,366) 1,567,602 1,570,448 29,112 3,941,059 3,878,610 31,979 Total $ 101,433 75,856 ( 54,340) 2,079,546 2,083,956 38,638 4,456,265 4,382,572 42,987 The following special assessment funds had deficit fund balances at December 31, 1981: Project 75-1 Project 79-2 Note 10 - Expenditures in Excess of Revenues $108,295 218 $108,513 The following funds had expenditures in excess of revenues for the year ended December 31, 1981: 1980 Equipment Certificate Project 1980-2 Project 1980-4 Note 11 - Retirement Plan $ 833 12,187 20,908 The City participates in a State-wide contributory pension plan under the Public Employees' Retirement Association, Minnesota Statutes Chapter 353, which covers all employees except certain temporary or seasonal employees. The City's contribution for pension costs, under the State-wide plan, was $9,156 for the year ended December 31, 1981. Under existing Minnesota law, the City has no future contingent obligations or commitments to the plan or its participants except to make continuing contributions as determined from time to time by the State Legislature. 20 I CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS (CONTINUED) DECEMBER 31, 1981 E m Note 12- Reserved and Designated Fund Balances I The following reservations and designations have been made of various fund balances at December 31, 1981: Reserved Designated E General Fund - For various City purposes Debt service funds - For debt service Special assessment funds For construction For debt service $ 3,648 ~ $ 84,513 495,724 (64,906) ~ $515,331 $ 3,648 Note 13 - Long-term Payable .~ Included in the General Long-term Debt Account Group is a long-term payable of $31,770 due to the Metropolitan Waste Control Commission. This amount with interest at 5.369% is payable as follows: ~ Year Principal Interest Total 1982 $ 2,594 $ 1,706 $ 4,300 1983 2,733 1,567 4,300 1984 2,880 1,420 4,300 1985 3,035 1,265 4,300 1986 3,198 1,102 4,300 1987-1991 17,330 2,742 20,072 $ 31,770 $ 9,802 $ 41,572 Note 14 - Postponed Special Assessments I ~ ~ ~ The collection of certain special assessments has been postponed in accordance with applicable State Statutes or City Council action. These assessments in the amount of $99,386 as of December 31, 1981 are identified as other assessments receivable in the financial statements. The assessments will be collectible when the conditions set forth in the State Statutes or City resolutions occur. It is impossible to determine when these conditions will occur. I ~ ~ ~ ~ ~ I=>-~- I I I I I I I I I I - I - I - I = - I CITY OF ANDOVER, MINNESOTA GENERAL FUND COMPARATIVE BALANCE SHEET DECEMBER 31, 1981 AND 1980 ASSETS Petty cash Cash and temporary investments Delinquent taxes receivable Allowance for uncollectible taxes Accounts receivable Special assessments receivable - Deferred Due from other funds Due from other governmental units Total assets LIABILITIES AND FUND SALANCE Liabilities Accounts payable Contracts payable Due to other funds' Due to other governmental units Deposits Deferred revenue Fund balance - Unreserved Designa ted Undesignated Total liabilities and fund balance i I .. I ~ , j I ! I J I ~ 1981 $ 150 194,802 10 , 992 (10,992) 6,946 1,718 117,180 $320.796 $ 15,727 49,547 74,348 $139,622 $ 3,648 177 ,526 $181,174 $320.796 21 1980 $ 175 171,241 7,072 ( 7,072) 1,137 775 13,038 $186.366 $ 6,034 3,176 11,295 13,148 51,816 24,662 $110,131 $ 49,794 26,441 $ 76,235 $186.366 22 CITY OF ANDOVER, MINNESOTA GENERAL FUND STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE YEAR ENDED DECEMBER 31, 1981 (With comparative actual amounts for year ended December 31, 1980) 1981 1980 Budget Actual Actual Revenue Taxes $244,465 $235,785 $182,391 Licenses and permits 35,475 50,190 31,808 Intergovernmental 319,371 338,986 243,327 Charges for services 7,150 7,559 10,293 Fines and forfeits 8,000 10,885 8,808 Other 66,657 173,670 89,390 Total revenue $681,118 $817,075 $566,017 Other sources Transfers from other funds 38,000 39,146 42,203 Total revenue and other sources $719,118 $856,221 $608,220 Expenditures General government $217,998 $201,149 $239,118 Public safety 226,559 275,700 176,901 Public works 134,305 117,478 125,791 Sanitation 7,192 5,960 5,173 Park and recreation 84,745 95,777 53,111 Other unal10cated 14,800 24,451 20,823 $685,599 $720,515 $620,917 Other uses Transfers to other funds 31,580 30,767 23,500 ' Total expenditures and other uses $717,179 $751 ,282 $644,417 Net increase (decrea se) in fund balance $ 1. 939 $104,939 $(36,197) Fund balance January 1 76,235 112,432 Fund balance December 31 $181. 174 $ 76.235 r; I I I m I I I I I I I I I ~ C ~ ~ ~ I ~I I I I I I I I I I - I I .. I - - ~ I - = -' I j - - - - I - I i . I ~ j I ~ I I i I I ~ I CITY OF ANDOVER, MINNESOTA 23 GENERAL FUND STATEMENT OF REVENUE, COMPARED TO BUDGET YEAR ENDED DECEMBER 31, 1981 (with comparative actual amounts for year ended December 31, 1980) 1981 1980 Budget Actual Actual $241,965 $234,309 $181,390 2,500 1,476 1,001 $244,465 $235,785 $182,391 $ 6,643 $ 8,454 $ 6,878 28,832 41,736 24,930 $ 35,475 $ 50,190 $ 31,808 $116,007 $116,007 $107,660 157,364 156,822 105,143 18,550 18,364 15,026 8,000 2,926 19,450 6,450 32,698 11 ,769 7,648 400 1,400 $319,371 $338,986 $243,327 $ 4,450 $ 3,623 $ 7,443 '1,500 1,386 1,328 1,200 2,550 1,522 $ 7,150 $ 7,559 $ 10,293 $ 8,000 $ 10,885 $ 8,808 Taxes General property taxes Penalties and interest Licenses and permits Business Non-business Intergovernmental Local governmental aid State credits State highway aid Planning grant Park grants Department of Transportation Insurance premium tax Miscellaneous grants Charges for services General government Public safety Sanitation Fines and forfeits Other Assessments Interest on investments Reimbursement from improvement projects Employee insurance Miscellaneous Refunds and reimbursements Revenue collected for other agencies Escrow $ 2,000 4,232 3,300 2,500 12,000 36,125 6,500 $ 66,657 Total revenue $681,118 Other sources Transfers from other funds Revenue Sharing Fund Anti-Recession Fund $ 38,000 $ 38,000 Total revenue and other sources $719,118 $ 654 15,476 $ 10,527 68,184 47,892 96 2,166 1,758 4,774 11 ,209 18,289 73,923 5,742 2,370 $173,670 $ 89,390 $817,075 $566,017 $ 39,146 $ 40,310 1,893 $ 42,203 $ 39,146 $856,221 $608,220 24 I CITY OF ANDOVER, MINNESOTA I GENERAL FUND STATEMENT OF EXPENDITURES, COMPARED TO BUDGET YEAR ENDED DECEMBER 31, 1981 (with comparative actual amounts for year ended December 31, 1980) I I E I I I E ~I I I ~, Ii ~I I II ~: ~I ~ I ~ ~ ~, I ~~ I I I I I I I - I - I - - I - - , I = ~ , I - - ~ I - . I ~ ~ - ~ I J I ) I I - '; I ~ , j 1 I . '1 25 CITY OF ANDOVER, MINNESOTA GENERAL FUND STATEMENT OF EXPENDITURES, COMPARED TO BUDGET (CONTINUED) YEAR ENDED DECEMBER 31, 1981 (with comparative actual amounts for year ended December 31, 1980) 1981 Rudget Actual 1980 Actual General government (Continued) Ruildings Administration building Personal services $ 1,659 $ 1,388 $ 1,204 Supplies 3,550 2,321 5,947 Other services and charges 8,400 8,189 5,016 Capital outlay 450 2,458 $ 13,609 $ 12,348 $ 14,625 Fire Department building Supp lie s $ 3,250 $ 2,267 $ 3,112 Other services and charges 3,100 2,351 935 Capital outlay 3,375 2,214 $ 9,725 $ 6,832 $ ,4,047 Public Works building Personal services $ 1,215 Supplies $ 3,650 3,062 $ 4,482 Other services and charges 3,200 2,612 949 Capital outlay 2,950 2,432 2,398 $ 9,800 $ 9,321 $ 7,829 Total buildings $ 33,134 $ 28,501 $ 26,501 Engineering - Staff Personal services $ 30,400 $ 29,007 $ 19,187 Supplies 2,900 294 678 Other services and charges 1,780 499 2,244 Capital outlay 2,980 2,447 4,079 $ 38,060 $ 32,247 $ 26,188 Engineering - Consultant Other services and charges $ 8,000 $ 9,679 $ 37,212 Total general government $217,998 $201,149 $239,118 Pub li c safet'y Police protection - Other services and charges $102,980 $ 99,667 $ 92,983 Fire protection Personal services $ 17,711 $ 18,543 $ 10,208 Supplies 10,660 8,772 9,882 Other services and charges 6,100 7,554 5,689 Relief Association 4,200 17,021 10,648 Capital outlay 11,760 7,403 8,,264 $ 50,431 $ 59,293 $ 44,691 26 CITY OF ANDOVER, MINNESOTA GENERAL FUND STATEMENT OF EXPENDITURES, COMPARED TO BUDGET (CONTINUED YEAR ENDED DECEMBER 31, 198 (with comparative actual amounts for year ended December 31, 1980) p , 1981 1980 Budget Actual Actual Public safety (Continued) Protective inspection i Personal services $ 27,573 $ 28,659 $ 25,799 Supplies 2,150 2064 1,637 i Other services and charges 2,350 2,003 832 I Capital outlay 150 366 40 Other 36,125 77,689 5,748 $ 68,348 $110,881 $ 34,056 i Animal control Personal services $ 200 $ 49 Supplies 100 209 $ 142 Other services and charges 4,500 5,601 5,029 $ 4,800 $ 5,859 $ 5,171 Total public safety $226,559 $275,700 $176,901 Public works Streets and highways Personal services $ 27,249 $ 25,812 $ 31,573 Supplies 31,750 32,093 16,123 Other services and charges 19,875 9,402 22,551 Capital outlay 24,000 21,229 27,943 0 $102,874 $ 88,536 $ 98,190 Snow and ice removal Personal services $ 16,764 $ 8,734 $ 7,211 Supplies 6,900 8,176 4,623 Other services and charges 3,250 3,104 6,586 Capital outlay 341 $ 26,914 $ 20,355 $ 18,420 Street signs Personal services $ 1,392. $ 1,580 $ 2,873 Supplies 225 957 64 Capital outlay 2,500 5,352 5,790 $ 4,117 $ 7,889 $ 8,727 � k � Street lighting i' Other services and charges $ 400 $ 698 $ 454 Total public works $134,305 $117,478 $125,791 Sanitation Storm sewers Personal services $ 1,171 $ 697 $ 1,219 Supplies 2,300 211 102 a' Other services and charges 2,400 Capital outlay 4,199 3,500 $ 5,871 $ 5,107 $ 4,821 I I I I I I I I I - I - I - - I - I - = ~ - I ~ - I i - I . 1 -i j i I ] ~ ~ j I ~ I j 1 I j . ; 27 CITY OF ANDOVER, MINNESOTA GENERAL FUND STATEMENT OF EXPENDITURES, COMPARED TO BUDGET (CONTINUED) YEAR ENDED DECEMBER 31, 1981 (with comparative actual amounts for year ended December 31, 1980) 1981 Budget Actual 1980 Actual Sanitation (Continued) Diseased trees Personal services Supplies Other services and charges $ 1,171 $ 833 $ 348 100 10 50 10 4 $ 1,321 $ 853 $ 352 $ 7,192 $ 5,960 $ 5,173 $ 18,656 $ 19,407 $ 16,418 4,500 6,497 3,656 34,139 33,701 26,452 27,450 36,172 6,585 $ 84,745 $ 95,777 $ 53 , 111 $ 4,300 $ 4,300 $ 4,300 1,722 10,000 17,423 15,807 500, 1,006 716 $ 14,800 $ 24,451 $ 20,823 $685,599 $720,515 $620,917 Total sanitation Parks and recreation Personal services Supplies Other services and charges Capita lout lay Other unallocated Metropolitan Waste Control Commission Insurance Improvement projects Miscellaneous Total expenditures Other uses Transfers to other funds 1979 Certificate of Indebtedness Fund 1980 Equipment Certificate Fund $ 22,106 9,474 $ 31,580 $ 21,080 9,687 $ 30,767 $ 22,100 1,400 $ 23,500 Total expenditures and other uses $717,179 $751,282 $644,417 28 $ -0- $ -0- ~ I ~ I E E I I II I I: I Ii ! E I II I II CITY OF ANDOVER, MINNESOTA SPECIAL REVENUE FUNDS COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES YEAR ENDED DECEMBER 31, 1981 (with comparative totals for year ended December 31, 1980) Revenue Federal grant Interest on investments Total revenue Revenue Sharing Totals Budget Actual 1981 1980 $ 38,000 $ 38,692 $ 38,692 $ 38,039 454 454 436 $ 38,000 $ 39,146 $ 39 , 146 $ 38,475 $ 38,000 $ 39,146 $ 39,146 $ 42,203 Other uses Transfer to General Fund Net increase (decrease) in fund balance $ -0- $ -0- $ -0- $(3,728) Fund balance January 1 -0- -0- -0- 3,728 Fund balance December 31 $ -0- $ -0- Ei I, ~ ~I ~ ~r I ;: I ~'~ I I I I I I I I I I ~I ~I 'I i I . ~ I j I . ) I j I ) I ... I 29 CITY OF ANDOVER, MINNESOTA ( with DEBT SERVICE FUNDS COMBINING BALANCE SHEET DECEMBER 31, 1981 comparative totals for December 31, 1980) 1978 G.O. Bonds 1979 Certificate of Indebtedness Totals 1981 1980 1980 Equipment Certificate ASSETS Cash and temporary investments $ 75,742 $ 75,742 $ 67,206 Accrued interest receivable 329 329 812 Taxes receivable Delinquent 1,780 1,780 1,964 Allowance for delinquent taxes ( 1,780) ( 1,780) ( 1,964) Due from other funds 7,123 Due from other governmental units 8,442 8,442 Total assets $ 84,513 $ -0- $ -0- $ 84,513 $ 75,141 FUND BALANCE Fund balance - Reserved for debt service $ 75,141 $ 84,513 $ $ $ 84,513 -0- -0- CITY OF ANDOVER, MINNESOTA E I ~ E I E I II Ii I i !',:",' " , I mi E I 30 DEBT SERVICE FUNDS COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES YEAR ENDED DECEMBER 31, 1981 (with comparative totals for year ended December 31, 1980) ~, I ~: I ~i ~I m' f ~i I F- _L' I I I I I I I - I I - I - I I I I I I I I I 31 CITY OF ANDOVER, MINNESOTA CAPITAL PROJECTS FUNDS COMBINING BALANCE SHEET DECEMBER 31, 1981 (with comparative totals for December 31, 1980) 1979 Totals Equipment Park 1981 1980 ASSETS Cash and temporary investments $ 7,207 $ 61,463 $ 68,670 $ 49,794 Accrued interest receivable 15 418 433 219 AGcounts receivable 2,000 Due from other governmental units 896 Total assets $ 7,222 $ 61,881 $ 69,103 $ 52,909 LIABILITY AND FUND BALANCE Liability Accounts payable $ 366 Fund balance Unreserved - Undesignated $ 52,543 $ 69,103 $ 61,881 $ 7,222 Total liability and fund balance $ 7,222 $ 61,881 $ 69,103 $ 52,909 I ; ~,' II Ii i !I I II i CI m! ;1 , Ii m ~ m C' I, CI c ~ C C I ~ I I I I I I I -I I -I I :1 -I ! I 33 CITY OF ANDOVER, MINNESOTA CAPITAL PROJECTS FUNDS COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE YEAR ENDED DECEMBER 31, 1981 (with comparative totals for year ended December 31, 1980) 1979 Coon Creek Totals Equipment Drive Park 1981 1980 Revenue State aid $ 1,225 $ 1,225 $ 19,359 Park dedication fees $ 6,763 6,763 46,357 Interest on investments $ 886 8,041 8,927 2,329 Other 150 150 Total revenue $ 886 $ 1,225 $ 14,954 $ 17,065 $ 68,045 Other sources Bond proceeds 40,000 Total revenue and other sources $ 886 $ 1,225 $ 14,954 $ 17,065 $108,045 Expenditures Professional services $ 2,796 Other services and charges $ 40 $ 40 23,779 Capital outlay $ 465 465 82,062 Total expenditures $ 40 $ 465 $ 505 $108,637 Net increase (decrease) in fund balance $ 886 $ 1,185 $ 14,489 $ 16,560 $( 592) Transfer to 1978 G. O. Bond Fund (17,267) Fund balance (defici t) January 1 6,336 ( 1,185) 47 ,392 52,543 70,402 Fund balance December 31 $ 7.222 $ -0- $ 61.881 $ 69.103 $ 52.543 j I i I ] I ~ J I 1 1 I ... , 34 CITY OF ANDOVER, MINNESOTA SPECIAL ASSESSMENT FUNDS COMBINING BALANCE SHEET DECEMBER 31, 1981 (with comparative totals for December 75-1 ASSETS Cash and temporary investments Accrued interest receivable Taxes receivable - Delinquent Allowance for delinquent taxes Accounts receivable Special assessments receivable Unremitted Dplinquent Deferred Other Due from other funds Due from other governmental units $ 493,898 4,565 5,842 512,855 4,545 Total assets $ 1.021.705 LIABILITIES AND FUND BALANCE Liabil ities Accounts payable Contracts payable Due to other funds Deposits Bonds payable Total liabilities $ 1 , 130,000 $ 1 ,130,000 Fund balance (deficit) Reserved for construction Rese rved for debt service Unreserved - Undesignated Total fund balance $( 108,295) $( 108,295) Total liabi1ities and fund ba lance $ 1.021. 705 . , 31, 1980) 75-2 $ 17,598 175 9 9) ( 2,812 17,393 43 $ 38.021 $ $ 23,000 23,000 $ $ 4,474 10 , 547 15,021 $ 38.021 76-1 $ 960,218 8,036 89 ( 89) 27,438 732,885 422 $ 1. 728.999 $ 1,482,000 $ 1,482,000 $ 246,999 $ 246,999 $ 1.728.999 I I I I I I E E I I' , I I' I I E I, I E I C E -~-.~ ' 35 ' Improvement Projects 77 -1 78 -1 79 -1 79 -2 80 -1 $ 408,438 $ 69,930 $ 70,038 $ 18,992 $ 21,614 3,419 363 569 68 204 11,901 1,506 4,066 2,642 1,570 377,989 191,140 201,329 270,489 107,653 8,591 ' S 801,747 S 262,939 S 276,002 S 300,782 $ 131,041 ' $ 720,000 $ 255,000 $ 265,000 $ 301,000 $ 129,000 $ 720,000 $ 255,000 $ 265,000 $ 301,000 $ 129,000 $ 81,747 $ 7,939 $ 11,002 $( 218) $ 2 $ 81,747 $ 7,939 $ 11,002 $( 218 $ 2,041 S 801,7!7 S 262,939 $ 276,002 $ 300,782 $ 131,041 36 CITY OF ANDOVER, MINNESOTA SPECIAL ASSESSMENT FUNDS COMBINING BALANCE SHEET (CONTINUED) DECEMBER 31, 1981 (with comparative totals for December 31, 1980) I I E I f-' I I I I I I I I I E C E ~ ~ ~ .-----;:--- I 37 I I I Improvement Projects Totals --.- , - 80~4 81-1 81-2 1981 1980 I I $ 67,046 $ 41,335 $ 69,472 $ 3,472,191 $ 4,252,633 337 70 70 22,482 102,988 98 25 I ( 98) ( 25) 4,781 5,893 I 3,444 62,210 44,908 312,308 111,381 169,336 6,034,842 2,913,243 99,386 I 3,921 465 I $ 383.135 $ 152.786 $ 238.878 $ 9.691.576 $ 7.328.367 - I $ 1,342 $ 34,678 1 $ 5,144 5,144 176,621 13 , 143 150,725 150,725 I $ 371,025 $ 150,000 175,000 9,093,000 8,890,400 $ 371,025 $ 150,000 $ 180,144 $ 9,250,211 $ 9,265,567 - - I $ 52,502 $ 495,724 $(1,943,519) $ 12,110 $ 2,786 6,232 ( 64,906) 10,547 6,319 - I $ 12 , 110 $ 2,786 $ 58,734 $ 441,365 $(1,937,200) ~ - I $ 383 .135 $ 152.786 $ 238.878 $ 9.691.576 $ 7 .328.367 ~ - - I - I ~ - 1 I 1 , 38 CITY OF ANDOVER, MINNESOTA SPECIAL ASSESSMENT FUNDS COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE YEAR ENDED DECEMBER 31, 1981 (with comparative totals for year ended December 31, 1980) 75-1 75-2 76-1 Revenue General property taxes $ 17 $ 162 $ 1,728 State credits 128 1,265 State aid Special assessments levied 7,156 Unit connection charges 5,050 6,250 Interest on investments 73,554 3,064 125,110 Interest on assessments 31,820 1,564 59,274 Sale of maps 400 Reimbursements from other funds 33,508 Miscellaneous 70 82 386 Total revenue $ 117 ,667 $ 5,000 $ 227,921 Expenditures Assessment adjustments $ 771 $ 7,352 Professional services, Supplies and printing Construction costs Reimbursements to other funds 13,082 Easements Discount on bonds Interest and fiscal charges $ 57,500 1,771 98,733 Total expenditures $ 57,500 $ 2,542 $ 119,167 Net increase (decrease) in fund balance $ 60,167 $ 2,458 $ 103,754 Fund balance (deficit) January 1 ( 168 ,462) 12,563 138,245 Fund balance (deficit) December 31 $( 108.295) $ 15.021 $ 246.999 .~ ! I I I I I I I I E EI Ii I E: I II ml E' E E ~ -;- -- ' 39 ' Improvement Projects 77 -1 78 -1 79 -1 79 -2 80 -1 $ 23,572 $ 18,669 ' $ 50,927 $ 7,542 $ 7,697 610 2,120 25,635 14,055 16,686 25,694 8,712 ' 14,778 77 84 361 4 ' $ 76,639 $ 21,681 $ 24,744 $ 49,876 $ 44,283 ' $ 6,497 $ 562 $ 190 $ 206 $ 115 264 ' 6,630 2,430 2,520 3,225 1,075 38,975 14,925 17,438 22,983 9,850 $ 52,102 $ 17,917 $ 20,148 $ 26,323 $ 11,395 ' $ 24,537 $ 3,764 $ 4,596 $ 23,553 $ 32,888 57,210 4,175 6,406 ( 23,771 ( 30,847 S 81,747 S 7,939 S 11,002 $( 218 S 2,041 40 CITY OF ANDOVER, MINNESOTA 80-3 I I E E E E ! SPECIAL ASSESSMENT FUNDS COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE (CONTINUED) YEAR ENDED DECEMBER 31, 1981 (with comparative totals for year ended December 31, 1980) Revenue General property taxes State credits State aid Special assessments levied Unit connection charges Interest on investments Interest on assessments Sale of maps Reimbursements from other funds Miscellaneous Total revenue Expenditures Assessment adjustments Professional services Supplies and printing Construction costs Reimbursements to other funds Easements Discount on bonds Interest and fiscal charges Total expenditures Net increase (decrease) in fund balance Fund balance (deficit) January 1 Fund balance (deficit) December 31 ....~ ~ 80-2 $ 2,825 , 3,704 5,352 $ 11,881 $ 1,100 15,758 350 $ 6,860 24,068 $( 12,187) $ 22,271 10.084 $ 28,984 3.348,639 212,447 602 5,797 ~ I I II I !I E E $ 3,596,469 $ 149,120 968.435 79,753 18,647 291,091 $ 1,507,046 $ 2,089,423 (1,988,008) $ 101.415 ~ E I ~ C ~I I ' 41 Improvement Projects Totals 80 -4 81 -1 81 =2 1981 1980 $ 1,907 $ 3 1,393 114 28,984 $ 14,180 $ 120,671 $ 180,423 3,716,135 822,210 11 18,200 9,415 1,171 1,592 498,953 394,289 37,535 226,929 160,363 400 5,156 54,083 1,000 113 1,177 1,071 ' $ 61,243 $ 121,842 $ 182,015 $ 4,541,261 $ 1,406,144 ' $ 2,431 $ 19,109 $ 2,004 2,778 $ 1,175 $ 6,959 160,411 423,278 2,891 ' 33,816 106,704 102,895 1,211,850 2,373,354 16,092 11,177 13,427 165,169 47,776 18,997 500 91,057 - ' 27,034 587,160 233,112 $ 82,151 $ 119,056 $ 123,281 $ 2,162,696 $ 3,173,972 $( 20,908) $ 2,786 $ 58,734 $ 2,378,565 $(1,767,828) ' 33,018 -0- -0- (1,937,200 ( 169,372 $ 12,110 $ 2,786 X58,734 $ 441,365 $(1,937,200 t. t I I I I I I I Ii I E I ~ I I Ii I I, i Er I, Ii ~ -"- I I I I I I I I I -I -I -I -I I I 1 I I I CITY OF ANDOVER, MINNESOTA ALL PROPRIETARY FUND TYPES - ENTERPRISE FUNDS COMBINING BALANCE SHEET DECEMBER 31, 1981 (with comparative totals for December 31, 1980) Water ASSETS Current assets Cash and temporary investments $ Accounts receivable Due from other funds, Inventory 3,397 480 5,885 9,762 $ Property and equipment Furniture and equipment Machinery Collection and distribution system $ 1,564 190,832 321,112 $ 513,508 8,064 $ 505,444 Less accumulated depreciation Other asset Future connection charges Total assets $ 515,206 LIABILITIES AND FUND EQUITY Current liability accounts payable $ 236 Other liabil ity Deferred revenue - Connection charges Fund equity Contributed Retained earnings - Unreserved Total liabilities and fund equity 43 Totals Sewer 1981 1980 $ 10,018 $ 13,415 19,104 19,584 5,885 $ 29,122 $ 38,884 $ 3,053 $ 4,617 190,832 4,165,666 4,486,778 $4,168,719 $4,682,227 287,242 295,306 $3,881,477 $4,386,921 $ 30,460 $ 30,460 $ 503,962 $3,878,610 $4,382,572 $2,378,645 11 ,008 31,979 42,987 21,708 $ 514,970 $3,910,589 $4,425,559 $2,400,353 $ 515,206 $3,941,059 $4,456,265 $2,400,640 $ 30,460 $ 30,460 $3,941,059 $4,456,265 $ $ 246 10 $ 4,034 17,429 356 $ 21,819 $ 207 2,598,064 $2,598,271 219,450 $2,378,821 $2,400,640 $ 287 Fund equity December 31 ~3. 962 $ 11.008 $514.970 ( 67,637) $3.878.610 E I I I I II II I I I I E I' ! II E I Ii I Ii ~I I 44 CITY OF ANDOVER, MINNESOTA ALL PROPRIETARY FUND TYPES - ENTERPRISE FUNDS COMBINING STATEMENT OF CHANGES IN FUND EQUITY YEAR ENDED DECEMBER 31, 1981 (with comparative totals for year ended December 31, 1980) Addition of property and equipment net of depreciation. See Note 2 Water Fund Sewer Contri- Retained Contri- buted earnings Total buted $ -0- $ -0- $ -0- $ - 0- 2,378,645 $ -0- $ -0- $ -0- $2,378,645 3,026 3,026 511,944 511 ,944 1,567,602 Fund equity January 1" as previously reported Fund equity January 1, restated Net income (loss) Additions to property and equipment from customers' contributions Depreciation on contributed property and equipment transferred to contributions ( 7,982) 7,982 t. - ~-~_.- .=~ 1 I I :J I I - I -I ~I -I 1 -I I 1 1 I I -I -I 45 Fund Total 1981 Total 1980 Retained Contri- Retained Contri- Retained earnin~ Total buted earnings Total buted earnings Total - $ 21,532 $ 21,532 $ -0- $ 21,532 $ 21,532 $ -0- $ 17,852 $ 17,852 176 2,378,821 - 2,378,645 176 2,378,821 2,430,606 197 2,430,803 $ 21,708 $2,400,353 $2,378,645 $ 21,708 $2,400,353 $2,430,606 $ 18,049 $2,448,655 (57,366) ( 57,366) (54,340) ( 54, 340) (48,302) ( 48,302) 1,567,602 2,079,546 2,079~546 67,637 ( 75,619) 75,619 ( 51,961) 51,961 $ 31.979 $3.910.589 $4.382.572 $ 42.987 $4.425.559 $2.378.645 $ 21.708 $2.400.353 , I ------:- -- I ~i I I I II I I !j II I I I i II I II I II I I I I I! I Ii I E ; m E E ~ I I I I I I I I I I I I I I I I I I I CITY OF ANDOVER, MINNESOTA ALL PROPRIETARY FUND TYPES - ENTERPRISE FUNDS COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION YEAR ENDED DECEMBER 31, 1981 (with comparative totals for year ended December 31, 1980) Sources of working capital Operations Net income (loss) Item not requiring working capital Depreciation Customers' contributions of property and equipment Increase in other assets Uses of working capital Acquisition of property and equipment Increase in deferred revenue Increase in working capital Elements of net change in working capital Cash and temporary investments Accounts receivable Due from other funds Inventory Accounts payable Increase in working capital Water $ 3,026 $ 8,064 11 ,090 511,944 $ 523,034 $ 513,508 $ 513,508 $ 9,526 $ 3,397 $ 480 ( 5,885 236) $ 9,526 Totals Sewer 1981 $( 57,366) $( 54,340) $( 67,792 $ 10,426 $ 75,856 21,516 $ 1,567,602 30,460 $1,608,488 2,079,546 30,460 $2,131,522 $1,570,448 30,460 $1,600,908 $2,083,956 30,460 $2,114,416 $ $ 7,580 17,106 ( 5,984 $ 1,675 356) ( 9,381 $( 2,155 356) 5,885 41 ( 277 $ 7,580 $ 17,106 47 1980 48,302) 51,982 3,680 $ 3,680 $ -0- $ 3,680 1,702) 5,423 135 176) $ 3,680 48 Current assets Cash and temporary investments Accounts receivable Inventory Property and equipment Furniture and equipment Machinery Distribution system Less accumulated depreciation Total assets Current liability Accounts payable Fund equity Contributed Retained earnings - Unreserved CITY OF ANDOVER, MINNESOTA WATER FUND BALANCE SHEET DECEMBER 31, 1981 ASSETS $ 3,397 480 5,885 $9,762 $ 1,564 190,832 321,112 $513,508 8,064 $505,444 $515,206 LIABILITY AND FUND EQUITY $ 236 $503,962 11 , 008 $514,970 Total liability and fund equity .----........ $515,206 m I e E I II I I I I I E E I E E I E E ---~- - -I I I I I I I I I -I I I I - - I = I I I = I = - I - 1 CITY OF ANDOVER, MINNESOTA WATER FUND STATEMENT OF CHANGES IN FUND EQUITY YEAR ENDED DECEMBER 31, 1981 Fund equity, January 1 Net income (loss) Additions to property and equipment from customers' contributions Depreciation on contributed property and equipment transferred to contributions Fund equity December 31 STATEMENT OF REVENUE AND EXPENSE YEAR ENDED DECEMBER 31, 1981 Revenue User charges Connection charges Meters (less cost of sales - $3,085) Interest Other Expense (excluding depreciation) Personal services Supplies Other services and charges Income before depreciation Less depreciation On assets acquired with own funds On assets acquired from contributions Net income 49 Total $ -0- 3,026 511,944 $514,970 $ 1,804 30,480 165 593 197 $ 33,239 $ 14,434 4,432 3,283 $ 22,149 $ 11 ,090 $ 82 7,982 $ 8,064 $ 3,026 50 CITY OF ANDOVER, MINNESOTA WATER FUND STATEMENT OF CHANGES IN FINANCIAL POSITION YEAR ENDED DECEMBER 31,1981 Sources of working capital Operations Net income (loss) Item not requiring working capital Depreciation Customers' contributions of property and equipment Uses of working capital Acquisition of property and equipment Increase in working capital Elements of net change in working capital Cash and temporary investments Accounts receivable Inventory Accounts payable Increase in working capital " E I ~ E $ 3,026 8,064 ' $ 11 ,090 I II i , I I II I I Ei II I II 511,944 $523,034 $513,508 $ 9,526 $ 3,397 480 5,885 ( 236) $ 9,526 E Ii I ;' I II I I Ii II E I m I - I I ~ I - = I = - - I - - I - I = - - I I I 1 I I I I I I I CITY OF ANDOVER, MINNESOTA SEWER FUND COMPARATIVE BALANCE SHEET DECEMBER 31, 1981 AND 1980 ASSETS Current assets Cash and temporary investments Accounts receivable Due from other funds Property and equipment Furniture and equipment Collection system Less accumulated depreciation Other asset Future connection charges Total assets LIABILITIES AND FUND EQUITY Current liability Accounts payable Other Habil ity Deferred revenue - Connection charges Fund equity Contributed ,Retained earnings - Unreserved Total liabilities and fund equity 1981 $ 10,018 19,104 $ 29,122 $ 3,053, 4,165,666 $4,168,719 287,242 $3,881,477 $ 30,460 $3,941,059 $ 10 $ 30,460 $3,878,610 31,979 $3,910,589 $3,941,059 51 1980 $ 4,034 17,429 356 21,819 $ $ 207 2,598,064 $2,598,271 219,450 $2,378,821 $2,400,640 $ 287 $2,378,645 21,708 '$2 , 400,353 $2,400,640 52 CITY OF ANDOVER, MINNESOTA SEWER FUND COMPARATIVE STATEMENT OF CHANGES IN FUND EQUITY YEARS ENDED DECEMBER 31, 1981 AND 1980 Year ended December 31, 1981 Contributed Fund equity January 1, as previously reported $ Addition of property and equipment net of depreciation. See Note 2 Fund equity January 1, restated Net income (loss) Additions to property and equipment from customers' contributions Depreciation on contributed property and eq~ipment transferred to contributions Fund equity December 31 Year ended December 31, 1980 Fund equity January 1, as previously reported Addition of property and equipment net of depreciation! See Note 2 Fund equity January 1, restated Net income (loss) Depreciation on contributed property and equipment transferred to contributions Fund equity December 31 t. -:-0- 2,378,645 $2,378,645 1,567,602 ( 67,637) $3,878,610 $ -0- 2,430,606 $2,430,606 ( 51,961) $2,378,645 Retained earnings $ 21,532 176 $ 21,708 ( 57,366) 67,637 $ 31,979 $ 17,852 $ 197 18,049 ( 48,302) 51,961 $ 21,708 Total $ 21,532 2,378,821 $2,400,353 ( 57,366) 1,.567,602 $3,910,589 $ 17,852 , 2,430,803 $2,448,655 ( 48,302) $2,400,353 E I I I I I E I E m I I ~' I I: II I ~! I Ii ~ ~, I ------ ,~ I- I -I - I I ~I I ~I -I ~I I ~ I - I i ~ ~ - - I . - - I ] ., c . I ] - I - - I - - ~ I i l 53 CITY OF ANDOVER, MINNESOTA SEWER FUND COMPARATIVE STATEMENT OF REVENUE AND EXPENSE YEARS ENDED DECEMBER 31, 1981 AND 1980 1981 1980 Revenue User charges $ 57,990 $ 55,682 Connection charges 8,540 Penalties 1,460 Interest 202 173 Other 2 17 $ 68,194 $ 55,872 Expense (excluding depreciation) Personal services $ 4,881 $ 7,415 Supplies 2,160 739 Other services and charges 1,414 584 Disposal charges 49,313 43,454 $ 57,768 $ 52,192 Income before depreciation $ 10,426 $ 3,680 Less depreciation On assets acquired \vi th own funds $ 155 $ 21 On assets acquired from contributions 67,637 51,961 $ 67,792 $ 51,982 Net income (loss) $(57,366) $(48,302) 54 CITY OF ANDOVER, MINNESOTA SEWER FUND COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION YEARS ENDED DECEMBER 31, 1981 AND 1980 1981 1980 Sources of working capital Operations Net income (loss) Item not requiring working capital Depreciation $( 57,366) $( 48,302) 67,792 $ 10,426 51,982 3,680 $ Customers' contributions of property and equipment Increase in other assets 1,567,602 ,30,460 $1,608,488 3,680 $ Uses of working capital Acquisition of property and equipment Increase in deferred revenue $1,570,448 30,460 $1,600,908 $ $ 3,680 Increase in working capital $ 7,580 Elements of net change in working capital Cash and temporary investments Accounts receivable Due from other funds Accounts payable $ 5,984 $( 1,702) 1,675 5,423 ( 356) 135 277 ( 176) $ 7,580 $ 3,680 Increase in working capital I>- -- -----------=-:'--~ -I>-'- E I E I ~ I I E -0- E I E I I EI E E ~ ~ "1 iii - I - ~ - - I - I - - I - I - c - - I - - I - - I - ~ - - I . - I . - = . I - - - . I - c - I ~ ~ I - - I - - I j - - I - ~ I - ~ = ~ I - 1 ~ CITY OF ANDOVER, MINNESOTA STATEMENT OF GENERAL FIXED ASSETS YEAR ENDED DECEMBER 31, 1981 Investment in General Fixed Assets $843 , 993 $ 16,799 55 $ 69 $860,723 56 CITY OF ANDOVER, MINNESOTA COMBINING STATEMENT OF GENERAL LONG-TERM DEBT DECEMBER 31, 1981 (with comparative totals for December 31, 1980) Amount available and to be provided for payment of general long-term debt Amount available in Debt Service Fund Amount to be provided by future revenues Amount. to be provided by the General Fund Total General long-term debt payable Bonds payable Due to other governmental unit Total J-. I' ------ ,~ 1978 G. O. Bonds $ 84,513 280,487 $365.000 $365,000 $365.000 Ii ~j I m I, Ii Ii I, I E I ~I E' I I I' E I I, I I, I mi I -I -I - I -I -I I I I -I I I I I I I I I I I 1979 Certificate of Indebtedness $ 51,000 $ 51. 000 $ 51,000 $ 51.000 1980 Equipment Certificates $ 32,000 $ 32.000 $ 32,000 $ 32.000 Long-term Payable $ 31,770 $ 31. 770 $ 31,770 $ 31. 770 57 Totals 1981 1980 $ 84,513 363,487 31,770 $479.770 $448,000 31,770 $479.770 $ 75,141 432,859 34,232 $542.232 $508,000 34,232 $542.232 t C' I II I ~I I ~I I II I Ii Ii I I II I II I II I ~i III , I ~ ~ I E I I ; ~ - t. - _L" , ~ j I j I 1 I JI ~I ~I ;1 ~I ,I :1 "I I I I I I I I I SECTION I II STATISTICAL SECTION C Ii ! Ii I, I II I II I Ii .1 I I I I I I I I I I I D r.- -. r ~ I I 'I ~ I ~ I I -I I -I I I I I -I I I I I I CITY OF ANDOVER, MINNESOTA 59 SCHEDULE OF CASH, TEMPORARY INVESTMENTS AND SECURITY FOR DEPOSITS DECEMBER 31, 1981 First National Bank of Anoka Checking accounts Savings accounts Certificates of deposit Cash $ 2,349 273,971 3,548,500 $3,824,820 Face amount of securities pledged as collateral by depository $4,525,000 Additional security of $100,000 each for demand deposits and time deposit.s is provided by the Federal Deposit Insurance Corporation. 60 CITY OF ANDOVER, MINNESOTA COMBINED SCHEDULE OF INDEBTEDNESS DECEMBER 31, 1981 Final Interest Issue maturity rates date date Bonded indebtedness Special assessment bonds Improvement Bonds of 1975 6.25-6.50% 9/1/75 9/1/86 General Obligation Improvement Bonds of 1976 6.20-6.80 8/1/76 2/1/97 Improvement Bonds of 1976 5.00-6.75 11/1/76 11/1/96 General Obligation Improvement !Bonds of 1977 5.00 3/1/77 1/1/96 General Obligation Improv.ement Bonds of 1977 5.25-5.50 10/1/77 2/1/98 General Obligation Improvemeat Bonds of 1978 5.25-6.00 11/1/78 2/1/99 General Obligation Improvement Bonds of 1979 6.50 11/1/79 2/1/95 General Obligation Improvement Bonds of 1980 6 . 10- 6 . 90 6/1/80 2/1/91 General Obligation Improvement Bonds of 1980 7.00 8/1/80 2/1/01 General Obligation Improvement Bonds of 1980 8.50-9.10 10/1/80 2/1/02 General Obligation Improvement Bonds of 1981 9.75-10.00 7/1/81 8/1/91 General Obligation Improvement Bonds of 1981 10.25-11.50 10/1/81 2/1/92 General obligation bonds General Obligation Improvement Bonds of 1978 (Building & Equipment) 1979 Certificates of Indebtedness 1980 Certificates of Indebtedness 11/1/78 8/1/79 10/1/80 2/1/89 8/1/84 4/1/85 5.55-5.70 6.00 7.00 Total Bonded Indebtedness Long-term payable 1971 1991 Total Indebtedness r-o~ " ~ ~ I II I, I ! I I I I I E E I I I I I ~ ----:, - 61 ' Indebtedness Authorized Due in 1982 and issued Redeemed Outstanding Principal Interest $ 46,000 $ 23,000 $ 23,000 $ 4,600 $ 1,484 ' 1,635,000 195,000 1,440,000 55,000 92,482 56,000 14,000 42,000 2,800 2,590 ' 1,215,000 85,000 1,130,000 20 56,500 ' 780,000 60,000 720,000 25,000 37,611 270,000 15,000 255,000 10,000 14,375 270,000 5,000 265,000 10,000 16,900 430,000 430 25,000 27,358 ' 98,000 98,000 4,900 10,290 ' 4,365,000 4,365,000 381,590 150,000 150,000 15,000 16,047 ' 175,000 175,000 15,859 $ 9,490,000 $ 397,000 $ 9,093,000 $ 172,300 $ 673,086 $ 430,000 $ 65,000 $ 365,000 $ 40,000 $ 19,533 85,000 34,000 51,000 17,000 3,060 40,000 8,000 32,000 8,000 1,960 $ 555,000 $ 107,000 $ 448,000 $ 65,000 $ 24,553 ' $10,045,000 $ 504,000 $ 9,541,000 $ 237,300 $ 697,639 43,018 11,248 31,770 2,594 1,706 ' $10,088,018 S 515.248 $ 9,572.770 1---v-9,8_94 $ 699.345 1'"-' 63 CITY OF ANDOVER, MINNESOTA SCHEDULE OF BONDS PAYABLE (CONTINUED DECEMBER 31, 1981 Annual Issue Maturity Interest serial date date rate payments Special assessment bonds (continued) ' General Obligation Improvement Bonds of 1977 10/1/77 February 1, 1982 2/1/82 5.25% $ 25,000 $30,000 per year 2/1/83 -85 5.25 90,000 $35,000 per year 2/1/86 -88 5.25 105,000 $40,000 per year 2/1/89 -90 5.25 80,000 February 1, 1991 2/1/91 5.25 45,000 February 1, 1992 2/1/92 5.20 45,000 February 1, 1993 2/1/93 5.25 50,000 February 1, 1994 2/1/94 5.30 50,000 ' $55,000 per year 2/1/95 -96 5.40 110,000 $60,000 per year 2/1/97 -98 5.50 120,000 $ 720,000 General Obligation Improvement Bonds of 1978 1/1/78 $10,000 per year 2/1/82 -83 5.25 $ 20,000 $10,000 per year 2/1/84 -88 5.50 50,000 February 1, 1989 2/1/89 5.50 15,000 February 1, 1990 2/1/90 5.60 15 ' February 1, 1991 2/1/91 5.70 15,000 February 1, 1992 2/1/92 5.75 15,000 February 1, 1993 2/1/93 5.80 15,000 ' February 1 1994 2/1/94 5.90 15 February 1, 1995 2/1/95 6.00 15,000 $20,000 per year 2/1/96 -99 6.00 80,000 ' $ 255,000 General Obligation Improvement Bonds of 1979 11/1/79 February 1,. 1982 2/1/82 6.50 $ 10 $15,000 per year 2/1/83 -87 6.50 75,000 $20,000 per year 2/1/88 -91 6.50 80,000 ' $25,000 per year 2/1/92 -95 6.50 100,000 $ 265,000 64 CITY OF ANDOVER, MINNESOTA SCHEDULE OF BONDS PAYABLE (CONTINUED) DECEMBER 31, 1981 Issue date Annual serial payments Maturity date Interest rate Special assessment bonds (continued) General Obligation Improvement Bonds of 1980 6/1/80 February 1, 1982 February 1, 1983 February 1, 1984 February 1, 1985 February 1, 1986 February 1, 1987 February 1, 1988 February 1, 1989 February 1, 1990 February 1, 1991 2/1/82 6.10% $ 25,000 2/1/83 6.10 30,000 2/1/84 6.20 30,000 2/1/85 6.30 35,000 2/1/86 6.40 40,000 2/1/87 6.50 45,000 2/1/88 6.60 50,000 2/1/89 6.70 50,000 2/1/90 6.80 60,000 2/1/91 6.90 65,000 $ 430,000 2/1/82-2001 7.00 $ 98,000 General Obligation Bonds of 1980 8/1/80 $4,900 per year General Obligation Improvement Bonds of 1980 10/1/80 February 1, 1983 February 1, 1984 February 1, 1985 February 1, 1986 February 1, 1987 February 1, 1988 February 1, 1989 February 1, 1990 February 1, 1991 February 1, 1992 February 1, 1993 February 1, 1994 February 1, 1995 February 1, 1996 February 1, 1997 February 1, 1998 February 1, 1999 February 1, 2000 February 1, 2001 February 1, 2002 2/1/83 8.5,0 $ 105,000 2/1/84 8.50 105,000 2/1/85 8.50 120,000 2/1/86 8.50 130,000 2/1/87 8.50 145,000 2/1/88 8.50 160,000 2/1/89 8.50 170,000 2/1/90 8.50 190,000 2/1/91 8.50 210,000 2/1/92 8.50 230,000 2/1/93 8.50 250,000 2/1/94 8.50 275,000 2/1/95 8.60 305,000 2/1/96 8.80 330,000 2/1/97 9.0 370,000 2/1/98 9.0 200,000 2/1/99 9.1 230,000 2/1/00 9.1 255,000 2/1/01 9.1 280,000 2/1/02 9.1 305,000 $4,365,000 r' -~ ;1 ~! I, I; .1 II Ii I I~ , I I I.' i' I i I: I II I! I II ! I I I I I I C I I I I II 6S CITY OF ANDOVER, MINNESOTA SCHEDULE OF BONDS PAYABLE (CONTINUED) DECEMBER 31, 1981 ~ I J I i I ~ I ~I I ~I I 1 I I I I Note - January 1, 1982 maturities are considered matured December 31, 1981. I I I 66 CITY OF ANDOVER, MINNESOTA DEBT SERVICE REQUIREMENTS DECEMBER 31, 1981 Special assessment bonds Year Principal Interest Total 1982 $ 172,300 $ 673,086 $ 845,386 1983 319,800 654,854 974,654 1984 324,800 631,601 956,401 1985 349,800 607,199 956,999 1986 379,800 580,926 960,726 1987 400,200 552,519 952,719 1988 435,200 522,325 957,525 1989 460,200 353,895 814,095 1990 ,500,200 455,118 955,318 1991 535,200 417,257 952,457 1992 495,200 378,846 874,046 1993 487,700 342,878 830,578 1994 527,700 305,844 833,544 1995 567,700 265,371 833,071 1996 587,700 222,052 809,752 1997 634,900 174,935 809,835 1998 344,900 137,692 482,592 1999 314,900 111,784 426,684 2000 324,900 85,774 410,674 2001 349,900 57,838 407,738 2002 370,000 27,627 397,627 2003 70,000 10 , 500 80,500 2004 70,000 7,000 77 ,000 2005 70,000 3,500 73,500 $9.093.000 $7.580.421 $16.673.421 General obligation bonds Principal Interest Total $ 65,000 $ 24,553 $ 89,553 65,000 20,692 85,692 65,000 16,833 81,833 53,000 12,830 65,830 45,000 9,985 54,985 50,000 7,277 57,277 55,000 4,326 59,326 50,000 1,400 51,400 I ~I DI E I I I I E I I I I I I I I I I ~ Note - January 1 maturities are considered matured December 31 of the preceding year. ~ ' 1- $448.000 $ 97.896 $545.896 j 1 I ~ ~ i I 1 I j I :1 ~ I - I ~ I ~I ~I -I I I I I I I I I 67 CITY OF ANDOVER, MINNESOTA TAX LEVIES AND COLLECTIONS Percentage Collection Percentage Collection of total Total of current ' of levy of prior Total collections ~ levy year's levy collected year's levy collections to levy 1980 $356,000 $344,318 96. 72% $ 8,922 $353,240 99.22% 1981 460,600 443,597 96.31 12,030 455,627 98.92 SPECIAL ASSESSMENT LEVIES AND COLLECTIONS Percentage Collection Percentage Collection of total Total of current of levy of prior Total collections Year levy year's levy collected year's levy collections to levy 1980 $225,305 $194,693 86.41% $16,982 $211,675 93.95% 1981 339,487 310,834 91. 56 8,577 319,411 94.09 ~ 01 ~: ~ Ii I EI i ~I I, ~' I I I, .1 .1 III II E I I E C ~-- -.. J I I j I J I -I J ~ I - - I ~ - I - I - I I I - I I I I I I I I CITY OF ANDOVER, MINNESOTA 69 ASSESSED VALUATIONS, TAX LEVIES AND MILL RATES (shown by year of tax collectibility) Assessed valuations Contribution to fiscal disparities pool Distribution from fiscal disparities pool Taxable valuation 1980 1981 $30,853,844 965,109 (1,691,464) $34,565,632 1,360,707 (2,483,123) $30,127,489 $33,443,216 Tax levies Revenue $ 295,119 $ 393,410 General obligation debt 60,551 63,707 Special assessment debt 330 3,483 $ 356,000 $ 460,600 Mill rates Revenue General obligation debt Special assessment debt 9.423 1.933 .011 11.122 1. 801 .099 11. 367 13.022 I ~I I ~; I I I I I: ~ II , ! I: I i IE : I , I II : II ! I II I I I I ~ ~ . .. -~=-=-::::;-