HomeMy WebLinkAbout1983 CAFR
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CITY OF ANDOVER, MINNESOTA
FINANCIAL STATEMENTS
DECEMBER 31, 1983
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Elected
Mayor
Jerry Windschit1
Council
Theodore M. Lachinski
Kenneth Orttel
James Elling
Michael Knight
Appointed
Clerk-Treasurer
Patricia K. Lindquist
CITY OF ANDOVER, MINNESOTA
ELECTED AND APPOINTED OFFICIALS
Term of office
expires first
business day
of January
1985
1985
1985
1987
1987
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CITY OF ANDOVER, MINNESOTA
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TABLE OF CONTENTS
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SECTION I
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INTRODUCTORY SECTION
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Comments
SECTION II
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FINANCIAL SECTION
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Auditors' opinion 1
II-A. Combined Financial Statements (General Purpose Financial Statements)
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Combined balance sheet - all fund types and account groups 2
Combined statement of revenue, expenditures and changes in
fund balances - all governmental fund types 4
Combined statement of revenue, expenditures and changes in fund
balances - budget and actual - General and special revenue fund types 6
Statement of revenue, expense and fund equity - all proprietary fund
types - Enterprise funds 8
Statement of changes in financial position - all proprietary fund
types - Enterprise funds 9
Notes to financial statements 10
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II-B. Combining and Individual Fund Statements and Account Groups
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General Fund
Comparative
Statement of
Statement of
Statement of
in fund balances
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balance sheet
revenue, expenditures and changes
revenue, compared to budget
expenditures, compared to budget
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Special revenue funds
Comparative balance sheet
Statement of revenue, expenditures and changes in fund balances
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Debt service funds
Combining balance sheet
Combining statement of revenue, expenditures and changes in
fund balances
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Capital projects funds
Combining balance sheet
Combining statement of revenue, expenditures and changes in
fund balances
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CITY OF ANDOVER, MINNESOTA
TABLE OF CONTENTS (CONTINUED)
II-B. Combining and Individual Fund Statements and Account Groups (Continued)
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
Comparative balance sheet
Comparative statement of changes in fund equity
Comparative statement of revenue and expense
Comparative 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
Comparative statement of general fixed assets
Comparative statement of general long-term debt
SECTION III
STATISTICAL SECTION
Schedule of cash, temporary investments and security for deposits
Combined schedue1 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
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SECTION I
INTRODUCTORY SECTION
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~ 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 counci1members. 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 $76,544 during the year to $292,692. A condensed summary
of revenue and expenditures for the years ended December.31, 1983 and 1982 is shown
below:
1983 1982
Budget Actual Budget Actual
Revenue and other sources
Taxes $330,605 $ 345,053 $261:,360 $270,555
~icenses and permits 48,237 95,397 48,210 57,806
Intergovernmental revenue 386,868 456,578 349,571 295,615
Charges for'services 14,556 11,672 9,450 8,520
Fines and forfeits 11,100 6,726 10,000 9,883
Other revenue 29,785 121,817 141,288 100,193
Transfers from other funds 38,612 39,109 46,388 48,575
$859,763 $1,076,352 $866,267 $791,147
Expenditures and other uses
General government
Public safety
Public works
Sanitation
Park and recreation
Other una110cated
Transfers to other funds
$250,588
254,101
164,466
12,441
84,675
25,686
67,806
$859,763
$
250,863 $253,322 $242,329
268,928 271,494 267,410
137,172 131,973 122,616
21,805 13,161 8,307
88,621 100,417 68,279
161,979 64,379 17,212
70,440 31,521 30,020
999,808 $866,267 $756,173
76.544_ S -o- S 34.974
$
Net increase in fund balance
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Special Revenue Funds
Special revenue funds are established to account for taxes and other revenue set
aside for a particular purpose.
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Special Revenue Funds (Continued)
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 the the Act. The
City's share of revenue for 1983 was $38,511. During 1983, $39,109 was transferred
to the General Fund. There was no fund balance at December 31, 1983.
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Debt Service Funds
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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
recorded as a liability in the General Long-term Uebt Account Group.
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The funds included with the debt service funds are:
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1978 General Obligation Bonds
1979 Certificates-of Indebtedness
1980 Certificates of Indebtedness
1982 Certificates of Indebtedness
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Capital pro;ects Funds
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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 $9,860 at December 31, 1983.
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Park Fund - The Park Fund was established to account for revenue, primarily park
deducation fees, to be used for the acquisition and improvement of parks. The fund
balance was $40,241 at December 31, 1983.
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State Aid Fund - This fund was established to account for aid received from the State
of Minnesota for construction of certain designated streets. The reserved fund balance
at December 31, 1983 of $745 will be expended during 1984 for additional construction
costs.
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1982 Equipment Fund - This fund was established to account for the proceeds from sale of ~
$150,000 of certificates of indebtedness which were issued during 1982 for a fire ..
truck and fire equipment. The fund balance was $5,773 at December 31, 1983.
1983 Equipment Fund - This fund was established to account for the proceeds from the -;:
sale of $30,000 of certificates of indebtedness which were issued during 1983 for a
rescue van. $29,500 of the balance has been reserved for equipment leaving an
unreserved-undesignated fund balance of $982 at December 31, 1983. I:
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Special Assessment Funds
Special assessment funds were established to account for assessments levied to finance
improvements or services deemed to benefit the properties against which the assessments
are levied. Primarily, the transactions accounted for in the funds are the receipt
of bond proceeds or other sources of financing and disbursement of such proceeds for
construction work done and the collection of assessments against benefit property
owners and disbursements of assessment collections for the payment of bonds and
interest.
The December 31, 1983 fund balance (deficits) of the various special assessment funds
were as follows:
Fund
Reserved for
construction
Unreserved
undesignated
Total
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$( 506,471)
5,629
( 287,295)
( 199 , 948)
( 139,271)
( 148,903)
( 306,369)
( 24,099)
(2,346,131)
( 79,843)
( 102,765)
( 786,952)
( 156,989)
$(5.079.407)
The deficits arise primarily due to the accounting treatment of assessments receivable.
Generally accepted accounting principles require that assessments receivable not be
reflected as revenue until collected.
III
If the assessments receivable were recorded as revenue wheuassessed the fund balances
(deficits) would be as follows:
Rese rved for Reserved for Unreserved
Fund construction debt service undesignated Total
75-1 $( 37,825) $( 37,825)
75-2 $ 1,794 16,443 18,237
76-1 370,365 370,365
77-1 136,515 136,515
78-1 19,365 19,365
79-1 19,703 19,703
79-2/80-1 11,117 11,117
80-2 18,135 18,135
80-3, 4/82-7 430,395 430,395
81-1 12,009 12,009
81-2 31,014 31,014
83-2, 2A, 3 $ 41,391 ( 828,343) ( 786,952)
83- 5, 6, 8 23,803 21,082 44,885
$ 65.194 $1.071.494 $( 849.725) $ 286.963
Assessment rolls have not been adopted for the 83-2, 2A, 3 improvements. The
assessment of these improvement costs should eliminate the above deficit.
Reserved for
debt service
75-1
75-2
76-1
77-1
78-1
79-1
79-2/80-1
80-2
80-3, 4/82-7
81-1
81-2
83-2, 2A, 3
83-5, 6, 8
$( 506,471)
$
5,629
(287,295)
( 199,948)
( 139,271)
( 148,903)
( 306,369)
( 24,099)
(2,346,131)
( 79,843)
( 102,765)
( 828,343)
( 180,792)
$(5.150.230)
$
41,391
23,803
65.194
$
$
5.629
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.
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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 furing 1981, a condensed summary of operations for
1983 and 1982 is as follows:
Operating revenue
Operating expense (excluding
Depreciation
Operating income
Other income (expense)
Net loss
1983
$
deprec ia t ion)
$
28,413
26,472
1,941
16,151
$(14,210)
( 6,420)
$(20.630)
1982
$ 42,282
37,611
$ 4,671
16,125
$ (11 ,454)
919
$<10.535)
A condensed summary of Sewer Fund operations for 1983 and 1982 is as follows:
Operating revenue
Operating expense (excluding
Depreciation
Operating loss
Other income (expense)
Net loss
General Fixed Assets
1983
$
depreciation)
$
94,963
92,623
2,340
83,630
$(81,290).
13,598
$(67.692)
1982
$ 81,456
97,138
$(15,682)
83,611
$(99,293)
1,118
$(98.175)
This account. group is used to show the general fixed assets of the City. These
assets are used in the performance of the general governmental functions. As of
December 31, 1983, the general fixed assets of the City amounted to $1,128,215.
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General Long-term Debt
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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 account at December 31, 1983
were as follows:
1978 G.O. Bonds
1979 Certificates of Indebtedness
1980 Certificates of Indebtedness
1982 Certificates of Indebtedness
1983 Certificates of Indebtedness
Land Acquisition
Long-term payable - Metropolitan
Waste Control Commission
Assessments on City property
Equipment purchase
Vacation payable - Governmental funds
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Original
amount
Outstanding
December 31, 1983
$430,000
85,000
40,000
150,000
30,000
44,000
$285,000
17,000
16,000
120,000
30,000
44,000
43,018
111,653
10,115
26,442
98,972
7,289
6,268
$650.971
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SECTION II
FlNANCIAL SECTION
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GMHCo
GEORGE M. HANSEN COMPANY, P.A.
A Profe.u;onaJ Corporation o/Certified PuhJ;c An.oumanu
AUDITORS' OPINION
The City Council
Andover, Minnesota
We have examined the combined financial statements of the City of Andover, Minnesota
as of and for the year ended December 31, 1983, 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 statemenm referred to above present fairly
the financial position of the City of Andover, Minnesota at December 31, 1983, and
the results of its operations and the changes in financial position of its proprietary
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
restatement for the changes with which we concur, in the method of accounting for
special assessments and correction of enterprise fund expenses (See Note 2).
Our examination was made for the purpose of forming an op~n~on 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 presented
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.
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March 20, 1984
1 75 SOUTH PLAZA BUILDING WA YZA T A BOULEVARD AT HIGHWAY 100 MINNEAPOLIS. MINNESOTA 5541 6 612/546-2566
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CITY OF ANDOVER, MINNESOTA
COMBINED BALANCE SHEET
ALL FUND TYPES AND ACCOUNT GROUPS
DECEMBER 31, 1983
ASSETS
Petty cash
Cash and temporary investments
Accrued interest receivable
Taxes receivable
Unremitted
Delinquent
Accounts receivable
Prepaid expense
Special assessments receivable
Unremitted
Delinquent
Deferred
Allowance for uncollected receivables
Due from other funds
Due from other governmental units
Inventory
Property and equipment - Net
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
Cash deficit
Accounts payable
Accrued liabilities
Contracts payable
Due to other funds
Due to other governmental units
Deposits payable
Deferred revenue
Bonds payable
Total liabilities
Fund equity
Contributed
Invested in General Fixed Assets
Retained earnings
Reserved
Unreserved
Fund balance
Reserved
Unreserved - Undesignated
Total fund equity
Total liabilities and fund equity
See accompanying notes to financial statements.
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Governmental
Special
General revenue
$ 300
420,364
2,520
2,719
28,158
514
1,232
(28,158)
890
$428.539
$
$ 9.436
2,144
2,052
53,349
68,866
$135,847
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Fund Types
Debt
service
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$ 96.300
799
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322
3,693
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( 3.693)
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$ 97.421
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$ 97,421
$292,692
$292,692 $ -0- $ 97,421
$428.539 $9 -0- $ 97,421
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Account Groups Total
Proprietary General General (memorandum only)
Capital Special Fund Types Fixed Long -term 1982
projects assessment Enterprise Assets Debt 1983 Restated
$ 300 $ 150
$ 78,841 $ 4,768,520 $ 6,484 5,370,509 4,834,721
615 39,847 278 44,059 26,212
21 3,062 2,494
147 31,998 30,635
32,170 32,684 23,676
7,267 7,267 8
5,394 5,394 6,368
137,238 279 137,517 126
' 5,229,132 25,074 5 5,678,758
( 137,385) ( 169,236) ( 156,973)
200,000 200,000 71,081
' 116,972 117,862 2
5,517 5,517 2,250
4,188,203 $1,128,215 5,316,418 5,223,116
' $ 97,421 97,421 89,576
553,550 553,550 578,366
I $196,428 $10,242,914 $4,265,272 $1,128,215 650 971 $17,009.760 $16,547,227
' $ 91,548 $ 4,590 $ 96,138 $ 1,329
1,860 $ 8,936 6,062 $ 98,972 125,266 115,799
' 694 6,268 6,962 4,523
15,919 66,243 51,289 135,595 25,802
200,000 200,000 71,081
46 26,442 28,540 41,852
182,229 235,578 198,940
5,249,013 25,353 5,343,232 5,753,072
9,615,900 468 10,083,900 9,453,700
$109,327 $15,322,321 $ 36,745 $650,971 $16,255,211 $15,666,098
$4,184,018 $ 4,184,018 $ 4,283,295
1 $1,128,215 1,128,215 935,706
2,500 2,500
' 42,009 42,009 33,554
$ 30,245 $ 70,823 198,489 335,569
56,856 (5,150,230 (4,800,682 (4,706,995
' $ 87,101 $(5,079,407 $4,228,527 $1,128,215 $ 754,549 $ 881,129
$196,428 $10,242,914 $4,265,272 $1,128,215 650 971 $17,009,760 $16,547,227
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CITY OF ANDOVER, MINNESarA
COMBINED STATEMENT OF
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REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES
ALL GOVERNMENTAL FUND TYPES
YEAR ENDED DECEMBER 31, 1983
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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
Publ ic safety
Public 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 January 1, before adjustment $
Adjustment to restate assessment revenue - See Note 2
Fund balance (deficit) January 1, as restated $
Fund balance (deficit) December 31 $
See accompanying notes to financial statements.
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General
$ 345,053
95,397
456,578
11,672
6,726
121,817
$ 1,037,243
39,109
$ 1,076,352
$ 250,863
268,928
137,172
21,805
88,621
161,979
$ 929,368
70,440
$ 999,808
$
76,544
216,148
216,148
292.692
Special
revenue
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38,511
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$
39,074
$
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$
11
$
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39,109
39,120
$(
$
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46
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' Total
(memorandum only)
A Debt Capital Special 1982
service projects assessment 1983 Restated
A $ 38,686 $ 2,746 $ 386,485 $ 309,265
95,397 57,806
20,323 $ 308,088 1 824,993 650,072
1,146,144 1 1,220,633
11,672 8,520
A 6,726 9,883
5,926 18,515 354,672 379,676 455,448
213 182 6,115 128. 109,651
11,170 11,170 13,610
A $ 65,148 $ 337,955 $ 1,511,170 $ 2,990,590 $ 2,834,888
A 70,440 7,500 - 117 2 049 78,595
30,000 30,000 150,000
$ 135,588 $ 367,955 $ 1,518,670 $ 3,137,639 $ 3,063,483
, 1 $ 250 $ 242,329
268,928 267,410
1 137,172 122,616
21,805 8,307
88,621 68,279
1 161,990 17,212
$ 547,446 $ 986,962 1,534,408 450,263
$ 127,743 655 783,090 759,615
$ 127,743 $ 547,446 $ 1,642,309 $ 3,246,877 $ 1,936,031
11,980 121 78,595
A $ 127,743 $ 547,446 $ 1,654,289 $ 3,368,406 $ 2,014,626
$ 7,845 $( 179,491 $( 135,619 $( 230,767 $ 1,048,857
A $ 89,576 $ 266,592 $ 860,034 $ 1,432,396 $ 776,155
(5,803,822) (5,803,822 (6,196,438
1 $ 89,576 $ 266,592 $(4,943,788 $(4,371,426 $(5,420,283
A $ 97,421 S 87.101 $(5,079,407 $ (4,602.193 $(4.371,426
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CITY OF ANDOVER, MINNESOTA
COMBINED STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES
BUDGET AND ACTUAL - GENERAL AND SPECIAL REVENUE FUND TYPES
YEAR ENDED DECEMBER 31, 1983
Revenue
Taxes
Licenses and permits
Intergovernmental revenue
Charges for services
Fines and forfeits
Other
General
Budget Actual
$' 330,605 $ 345,053
48,237 95,397
386,868 456,578
14,556 11,672
11 ,100 6,726
29,785 121,817
$ 821,151 $1,037,243
38,612 39,109
$ 859.763 $1,076,352
$ 250,588 $ 250,863
254,101 268,928
164,466 137,172
12,441 21,805
84,675 88,621
25,686 161,979
$ 791,957 $ 929,368
67,806 70,440
$ 859,763 $ 999,808
$ -0- $ 76,544
216,148
$ 292.692
Total revenue
Other sources
Transfers from other funds
Total revenue and other sources
Expenditures
General government
Public safety
Public works
Sanitation
Recreation
Other unall ocated
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'3l
See accompanying notes to financial statements.
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Total
Special revenue (memorandum only)
Budget Actual Budget Actual
$ 330,605 $ 345,053
' 48,237 95,397
$ 38,612 $ 38,511 425,480 495,089
14,556 11,672
I 11,100 6,726
563 29,785 122
$ 36,612 $ 39 $ 859,763 $1,076,317
38,612 39,109
' $ 38,612 $ 39,074 $ 898,375 $1,115,42 6
$ 250,588 $ 250,863
254,101 268,928
164,466 137,172
12,441 21,805
84,675 88,621
$ 11 25,686 161,990
$ 11 $ 791,957 $ 929,379
$ 38,612 39,109 106,418 109,549
$ 38,612 $ 39,120 $ 898,375 $1,038,928
$ -0- $( 46) $ -0- $ 76,498
' 46 216,194
$ -0- $ 292,692
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CITY OF ANDOVER, MINNESOTA
STATEMENT OF REVENUE, EXPENSE AND FUND EQUITY
ALL PROPRIETARY FUND TYPES - ENTERPRISE FUNDS
YEAR ENDED DECEMBER 31, 1983
Operating revenue
User charges
Connection charges
Meters
Penalties
Other
Operating expense (excluding depreciation)
Personal services
Supplies
Other services and charges
Disposal charges
Operating income (loss) before depreciation
Less depreciation
On assets acquired with own funds
On assets acquired from contributions
Operating income (loss)
Other income (expense)
Interest
Transfer to special assessment funds
Transfer from special assessment funds
Net income (loss)
Fund equity January 1, before adjustment
Adjustment to restate 1982 expense - See Note 2
Fund equity January 1, as restated
Fund equity December 31
See accompanying notes to financial statements.
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Totals
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1983
1982
Restated
$ 101,825
18,493
1,300
1,473
285
$ 123,376
$ 27,987
6,274
16,681
68,153
$ 119,095
$
4,281
$ 504
99,277
$ 99,781
$( 95,500)
$ 2,698
( 7,500)
11 , 980
$ 7,178
$( 88,322)
$4,308,775
8,074
$4,316,849
$4.228.527
$ 75,318
42,899
3,795
1,726
$ 123,738
$ 33,213
8,318
16,825
76,393
$ 134,749
$( 11,011)
$ 459
99,277
$ 99,736
$( 110,747)
$ 2,037
$ 2,037
$( 108,710)
$4,425,559
$4,425,559
$4.316.849
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CITY OF ANDOVER, MINNESOTA
STATEMENT OF CHANGES IN FINANCIAL POSITION
ALL PROPRIETARY FUND TYPES - ENTERPRISE FUNDS
YEAR ENDED DECEMBER 31, 1983
Totals
1983
1982
Restated
Sources of working capital
Operations
Net loss
Item not requ~r~ng working capital
Depreciation
$( 88,322) $(108,710)
99,781 99,736
$ 11,459 $( 8,974)
25,353
30,460
$ 36,812 $ 21,486
$ 574 $ 225
24,828
30,460
$ 25,402 $ 30,685
$ 11.410 $( 9 .199)
Increase in deferred revenue
Decrease in other assets
Uses of working capital
Acquisition of property and equipment
Increase in other assets
Decrease in deferred revenue
Increase (decrease) in working capital
Elements of change in working capital
Cash and temporary investments
Accrued interest receivable
Accounts receivable
Special assessment receivable
Prepaid expenses
Due to other funds
Inventory
Accounts payable
Due to other governmental units
Accrued expenses
$( 9,152) $( 2,369)
( 230) 508
8,582 4,004
525
( 807) 8,074
8,074 ( 8,074)
3,267 ( 3,635)
( 5,194) ( 1,130)
6,320 ( 6,366)
25 ( 211)
$ 11.410 $( 9 .199)
Increase (decrease) in working capital
See accompanying notes to financial statements.
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CITY OF ANDOVER, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1983
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Note 1 - Summary of Significant Accounting Policies
The City operates under "Optional Plan A" form of City government according
applicable State of Minnesota Statutes and provides the following services:
safety, public works, sanitation, recreation, public improvements, planning
zoning and general administrative services.
to
public
and
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The financial statements included in the report cover all commissions, borads,
authorities, and bodies that are dependent on or controlled by the City's
executive and legislative branches. The criteria used to determine the financial
reporting entity were in conformance with NCGA Statement 3, Defining the
Governmental Reporting Entity.
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The. accounting policies of the City of Andover conform to generally accepted
accounting principles. The following is a summary of the more significant policies:
A. Fund Accounting
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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 se1f-
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:
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GOVERNMENTAL FUNDS
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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.
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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.
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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.
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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.
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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.
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CITY OF ANDOVER, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1983
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Note 1 - Summary of Significant Accounting Policies (Continued)
A. Fund Accounting (Continued)
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PROPRIETARY FUNDS
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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.
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B. Measurement Focus
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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.
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Fixed assets used in governmental fund types operations (general fixed
assets) are accounted for in the General Fixed Assets Accounts 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.
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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.
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The two account groups are not "funds."
measurement of financial position. They
of results of operations.
They are concerned only with the
are not involved with measurement
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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.
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CITY OF ANDOVER, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1983
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Note 1 - Summary of Significant Accounting Policies (Continued)
B. Measurement Focus (Continued)
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All proprietary funds are accounted for on a cos t of services or'. "capital ~
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
earnings components. Proprietary fund type operating statements present I
increases(revenues) and decreases (expenses) in net total assets.
C. Basis of Accounting
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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.
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Governmental funds are accounted for using the modified accrual basis
of accounting. Their revenues are recognized when they become measurable
and available. Substantially all sources of revenue are accrued except
interest on special assessments receivable, which is recognized when due.
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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.
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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.
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The following transactions are accounted for as described below:
1. General property taxes - Revenue is recognized in the year of
anticipated collection, with amounts due from the County and
received early in the following year included as revenue.
Allowances are provided for the full amount of delinquent taxes
receivable. This has the full effect of recognizing general property
taxes as revenue when cash is received because of the unavailability
of the delinquent taxes.
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2. Special assessments - Revenue of the governmental funds is recognized
in the year of anticipated collection, with amounts due from the County
and received early in the following year included as revenue.
Allowances are provided for the full amount of delinquent assessments
receivable. This has the effect of recognizing assessment revenue
when cash is received because of the unavailability of the delinquent
assessments.
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CITY OF ANDOVER, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1983
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Note 1 - Summary of Significant Accounting Policies (Continued)
C. Basis of Accounting (Continued)
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3. Interest expense on bonded indebtedness - Interest expense is recorded
as an expenditure when paid in the governmental fund types and accrued
as incurred in the proprietary fund types.
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4. Bond and interest payments due January 1 - Expenditures are recognized
when amounts are remitted to the paying agent (usually in December)
for payment of bonds and interest.
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5. Unbilled Sewer and Water Fund utility service receivables are recorded
at year end.
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6. Unpaid vacation and severance pay are accrued as liabilities on the
fund statements in accordance with NCGA Statement No.4.
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D. Budgets and Budgetary Accounting
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The City follows these procedures in establishing the budgetary data reflected
in the financial statements:
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1. Prior to January 1, the budget is adopted by the City Council.
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2. Formal budgetary integration is employed as a management control
device during the year for the General and Special Revenue funds.
Formal budetaDY integration is not employed for other funds.
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3. Budgets for the Genera1and Special Revenue funds, are adopted on a basis
consistent with generally accepted accounting principles.
4. Budgeted amounts are as originally adopted, or as amended.
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5. Budget appropriations lapse at year end.
E.
Assets and Liabilities
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Cash and temporary investments - Cash available, in excess of immediate
needs, is invested temporarily in savings accounts, savings certificates
and short-term government obligations. Interest income is recognized as
earned and allocated to the respective funds on the basis of applicable
participation of each fund. Investments are stated at cost, which
approximates market.
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Inventories held by the proprietary funds are stated at cost, which is lower
than market, on a first-in, first-out basis. The only other items of inventory
would be a ,small quantity of supplies which are expenses when purchased.
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CITY OF ANDOVER, MINNESOTA
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NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1983
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Note 1 - Summary of Significant Accounting Policies (Continued)
E. Assets and Liabilities (Continued)
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Fixed assets/property and equipment - 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.
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Depreciation of contributed fixed assets used by proprietary funds is
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:
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Collection and distribution systems
Machinery
Furniture and equipment
50 years
20 years
3-15 years
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Accrued liabilities - The accrued liabilities include unpaid vacation
pay for all City employees. Expense is recognized when the liability is
incurred in the proprietary fund types. The liability for the governmental
funds is recorded in the General Long-term Account Group.
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F. Total Columns on Combined Statements - Overview
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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. ..
G. Comparative Data
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Comparative data for the prior year has been presented to provide an
standing of changes in the City's financial position and operation.
1982 amounts have been restated to conform to the 1983 presentation.
under-
Certain
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CITY OF ANDOVER, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1983
Note 2 - Accounting Changes
Special Assessments
In 1983, the City changes its method of accounting for special assessment revenues
in order to comply with National Council on Governmental Accounting (NCGA)
Statement No.1. Whereas previously the total principal amounts of the special
assessments were recognized as revenue when the assessments were levied, revenue
recognition for special assessments will now be identical to that of other
governmental fund revenues which are recognized when they become measurable and
available. Accordingly, special assessment principal and interest will be
recognized as revenue in the year they become due for collection and allowances
for doubtful receivables will be set up for all delinquent special assessments
receivable at the balance sheet date. Principal amounts of special assessments
not yet due for collection will be shown as deferred revenue in the balance sheet.
Financial statements for 1982 have been restated to apply this change retroactively.
The effect of the accounting change is to increase special assessment net revenue
in 1983 by $626,898 and to increase previously reported special assessment net
revenue for 1982 by $392,616. the special assessment fund balances at December 31,
1981 and 1982 have been adjusted for the effect of applying retroactively the
new method of accounting.
Enterprise Funds
The 1982 financial statements for the enterprise funds have been restated to reflect
the correction of a prior year's error. The effect of this adjustment is to reduce
expense, increase net income, and increase the fund balance for 1982 by $8,074.
Note 3 -Expenditures in Excess of Appropriations
Expenditures of the General Fund exceeded the budget by $140,045. Revenues were in
excess of the budget estimate by $216,589.
Expenditures of the Special Revenue Fund-Revenue Sharing Fund exceeded the budget
by $508. Revenues were in excess of the budget estimate by $462.
16
CITY OF ANDOVER, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1983
Note 4 - Fund Deficits
Special Assessmen t Funds
Total
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The December 31, 1983 fund balance (deficit) of the various special assessment funds
were as follows:
Fund
75-1
75-2
76-1
77-1
78-1
79-1
79-2/80-1
80-2
80-3, 4/82-7
81-1
81-2
83-2, 2A, 3
83- 5, 6, 8
Reserved for
debt service
Reserved for
construction
Unreserved
undesignated
$( 506,471)
( 287,295)
( 199,948)
( 139,271)'
( 148,903)
( 306,369)
( 24,099)
(2,346,131)
( 79,843)
( 102,765)
( 828,343)
( 180,792)
$(5.150.230)
$ ( 506,471)
5,629
( 287,295)
( 199,948)
( 139,271)
( 148,903)
( 306,369)
( 24,099)
(2,346,131)
( 79,843)
( 102,765)
( 786,952)
( 156,989)
$ (5.079 .407)
The deficits arise primarily due to the accounting treatment of assessments
receivable. Generally accepted accoujting principles require that the assessment
receivable not be reflected as revenue until collected.
$
5,629
$
41,391
23,803
65.194
$
$
5.629
Note 5 - Due from Other Governmental Units
The amounts due from other governmental units at December 31, 1983 is composed of
the following:
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General Fund
Anoka County
Capital projects
Park Fund - Park grant
State Aid Fund - Construction aid
$ 890
6,900
110,072
$117.862
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CITY OF ANDOVER, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1983
Note 6 - Proprietary Fund Types Property and Equipment
A summary of proprietary fund types property and equipment at December 31, 1983
follows:
Water
Sewer
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Total
Furniture and equipment
Machinery
Collection and distribution
systems
$ 2,050
190,832
$ 3,366
$ 5,416
190,832
Less accumulated depreciation
321,112
$513,994
40,340
$473.654
4,165,666
$4,169,032
454,483
$3.714.549
4,486,778
$4,683,026
494,823
$4.188.203
Note 7 - Changes in General Fixed Assets
A summary of changes in general fixed assets during the year follows:
Balance Balance
January 1 Additions Disposals December 31
Land and improvements $ 95,881 $ 2,222 $ 98,103
Buildings and improvements 408,432 155,714 564,146
Furniture and equipment 62,492 15,716 78,208
Machinery and automotive
equipment 368,901 18,857 387,758
Total $935.706 $192.509 $ -0- $1.128.215
Note 8 - Long-term Debt
The following is a summary of bond transactions of the City for the year ended
December 31, 1983:
General Special
obligation assessment Total
Bonds payable at January 1 $533,000 $8,920,700 $ 9,453,700
New bonds issued 30,000 1,015,000 1,045,000
Bonds retired (95,000) ( 319,800) ( 414,800)
Bonds payable at December 31 $468.000 $9.615.900 $10.083.900
18
CITY OF ANDOVER, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1983
Note 8 - Long-term Debt (Continued)
Bonds payable at December 31, 1983 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% $ 285,000
$85,000 1979 Certificate of Indebtedness due in annual install-
ments of $17,000 through August 1, 1984; interest at 6.00%
$40,000 1980 Certificate of Indebtedness due in annual install-
ments of $8,000 through April 1, 1985; interest at 7.00%
$150,000 Certificates of Indebtedness due in annual install-
ments of $30,000 through December 31, 1987; interest at 8.00%
$30,000 Certificates of Indebtedness due in annual install-
ments of $6,000 through October 1, 1988; interest at 7.50%
Special assessment bonds:
17,000
16,000
120,000
30,000
$ 468.000
$46,000 Improvement Bonds of 1975 due in annual installments
of $4,600 through September 1, 1986; interest at 6.50% $ 13,800
$1,635,000 General Obligation Improvement Bonds of 1976 due
in varying annual installments through February 1, 1997;
interest at 6.50% to 6.80%
$56,000 Improvement Bonds of 1976 due in annual installments
of $2,800 through November 1, 1996; interest at 5.50% to 6.75%
$1,215,000 General Obligation Improvement Bonds of 1977 due in
varying annual installments through January 1, 2006, interest
at 5.00%
$780,000 General Obligation Improvement Bonds of 1977 due in
varying annual installments through February 1, 1998;
interest at 5.25% to 5.50%
$270,000 General Obligation Improvement Bonds of 1978 due in
varying annual installments through February 1, 1999; interest
at 5.50% to 6.00%
$270,000 General Obligation Improvement Bonds of 1979 due in
varying annual installments through February 1, 1995; interest
at 6.50%
,~ t
1,325,000
36,400
1,085,000
665,000
235,000
240,000
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CITY OF ANDOVER, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1983
Note 8 - Long-term Debt (Continued)
Special assessment bonds (continued):
19
$430,000 General Obligation Improvement Bonds of 1980 due in
varying annual installments through February 1, 1991; interest
at 6.20% to 6.90% $ 375,000
$98,000 General Obligation Bonds of 1980 due in annual install-
ments of $4,900 through February 1, 2001; interest at 7.00% 88,200
$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%
$150,000 General Obligation Improvement Bonds of 1981 due in
annual installments of $15,000 per year through August 1, 1991,
interest at 9.75% to 10.00%
$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%
$1,015,000 General Obligation Improvement Bonds of 1983 due
October 1, 1986; interest at 7.00%
4,260,000
120,000
157,500
1,015,000
$9.615.900
The annual requirements to amortize all debt outstanding as of December 31, 1983,
including interest payments of $6,681,939 are as follows:
Year ending
December 31
Special
assessment
General
obligation
1984
1985
1986
1987
1988
1989-1993
1994-1998
1999-2003
2004-2005
$ 1,027,279
1,027,878
2,046,604
952,547
957,349
4,561,635
3,767,937
1,722,709
150,500
$16.214.438
$ 129,682
110,830
97,135
96,578
65,776
51,400
$ 551.401
Total
$ 1,156,961
1,138, 708
2,143,739
1,049,125
1,023,125
4,613,035
3,767,937
1,722,709
150,500
$16.765.839
20
CITY OF ANDOVER, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1983
Note 8 - Long-term Debt (Continued)
$97,421 is available in the debt service funds to service the general obligation
bonds.
There are a number of limitations and restrictions contained in the various bond
indentures. The City is in compliance with all significant limitations and
restrictions.
Note 9 - Long-term Payab1es
Included in the General Long-term Debt Account Group are the following long-term
payables:
1. Payable of $26,442 to the Metropolitan Waste Control Commission, with
interest at 5.369% per annum.
Year Principal Interest Total
1984 $ 2,880 $ 1,420 $ 4, 300
1985 3,035 1,265 4,300
1986 3,198 1,102 4,300
1987 3,370 930 4,300
1988 3,550 750 4,300
1989-1991 10,409. 1,063 11,472
$ 26.442 $ 6.530 $ 32 .972
2. Installment contract of $7,289 for equipment purchase with interest at
18.57% per annum.
Year Principal Interest Total
1984 $ 1,923 $ 1,197 $ 3,120
1985 2,313 807 3,120
1986 2,797 323 3,120
1987 256 4 260
$ 7,289 $ 2.331 $ 9.620
3. Special assessments on City property of $98,972 is payable in varying
amounts at annual interest rates of 6.25% to 10.7% through 2001.
4. Contract for land acquisition of $44,000 payable in equal installments
of $22,000 in 1984 and 1985 with interest at 9.00% per annum.
Note 10 - Interfund Receivables/Payab1es
Interfund receivable/payable balances at December 31, 1983 were as follows:
Receivable
Payable
Special assessment funds
$200,000
$200,000
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CITY OF ANDOVER, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1983
Note 11 - Retirement Plan
The City participates in a State-wide contributory pension plan under the Public
Employees' Retirment 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 $11,844 for the year ended
December 31, 1983. 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.
Note 12 - Segment Information for Enterprise Funds
Segment information for the City's two enterprise funds for the year ended
December 31, 1983 is as follows:
Water Sewer Total
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Operating revenue $ 28,413 $ 94,963 $ 123,376
Depreciation and amoritization 16,151 83,630 99,781
Operating loss ( 14,210) ( 81,290) ( 95,500)
Net loss ( 20,630) ( 67,692) ( 88,322)
Property, plant and equipment
Additions 486 88 574
Net working capital 10,151 30,698 40.849
Total assets 487,646 3,777.626 4,265,272
Equity
Contributed 472,034 3,711.984 4,184,018
Retained earnings
Rese rved 2,500 2,500
Unreserved 9,271 32,738 42,009
Note 13 - Reserved Fund Equity
The following reservations have been made of various fund balances at
December 31, 1983:
Enterprise funds - For equipment replacement
$ 2.500
Debt service funds - For debt service
Capital projects funds
For equipment
For construction
Special assessment funds
For construction
For debt service
$ 97,421
29,500
745
65,194
5,629
$198.489
22
CITY OF ANDOVER, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1983
Note 14 - Deficiency in Pledged Collateral
Minnesota Statutes require depositories for City funds to pledge collateral to
secure balances in excess of F.D.I.C. insurance coverage. The amount of deposits
at a depository cannot exceed the F.D.I.C. insurance plus ninety percent of the
market value of securities pledged as collateral by the depository. At
December 31, 1983 the collateral pledged by First National Bank of Anoka was
approximately $275,000 below the statutory requirement.
Note 15 - Contingent Liabilities
The City participates in a number of federally assisted grant programs, principal
~f which are the General Revenue Sharing and Community Development Block Grant
Programs. The programs are subject to program compliance audits by the grantors
or their representatives. The program compliance audits for the year ended
December 31, 1983 have not been conducted. Accordingly, the City's compliance
with applicable grant requirements will be established at some future date,
if there is a program compliance audit. The amount, if any, of expenditures
which may be disallowed by the granting agencies cannot be determined at this
time although the City expects such amounts, if any, to be immaterial.
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CITY OF ANDOVER, MINNESOTA
GENERAL FUND
COMPARATIVE BALANCE SHEET
DECEMBER 31, 1983 AND 1982
ASSETS
Petty cash
Cash and temporary investments
Accrued interest receivable
Taxes receivable
Unremitted
Delinquent
Allowance for uncollectible taxes
Accounts receivable
Special assessments receivable - Deferred
Due from other funds
Due from other governmental units
Total assets
LIABILITIES AND FUND BALANCE
Liabilities
Accounts payable
Due to other governmental units
Contracts payable
Deposits
Deferred revenue
Fund balance
Reserved
Unreserved - Undesignated
Total liabilities and fund balance
1983
23
1982
$ 300 $ 150
420,364 348,477
2,520 1,174
2,719 2,172
28,158 26,606
(28,158) (26,606)
514 88
1 ,232 1,272
9,157
890 2,387
$428.539 $364.877
$ 9,436
2,052
2,144
53,349
68,866
$135,847
$292,692
$292,692
$428.539
$ 18,617
6,311
48,215
75,586
$148,729
$ 5,800
210,348
$216,148
$364.877
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CITY OF ANDOVER, MINNESOTA
GENERAL FUND
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES
YEAR ENDED DECEMBER 31, 1983
(with comparative actual amounts for year ended December 31, 1982)
-. I
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25
' CITY OF ANDOVER, MINNESOTA
' GENERAL FUND
STATEMENT OF REVENUE COMPARED TO BUDGET
YEAR ENDED DECEMBER 31 1983
' (with comparative actual amounts for year ended December 31, 1982)
' 1983 1982
Budge Actual Actual
I Taxes
General property taxes $ 329,305 $ 331,490 $ 268
Penalties and interest 1,300 13,563 1,641
' $ 330,605 $ 345,053 $ 270,555
Licenses and permits
Business $ 6,685 $ 14,537 $ 8,996
Non - business 41,552 80,860 48,810
$ 48,237 $ 95,397 $ 57,806
Intergovernmental
Local governmental aid $ 125,669 $ 125,669 $ 109,007
State credits 232,284 176,733 143,488
0 CDBG 122,128
State highway aid 18,500 19,200 17,445
Park grants 12,900
Insurance premium tax 10,415 12,848 12,775
$ 386,868 $ 456,578 $ 295,615
Charges for services
General government $ 5,048 $ 8,997 $ 4,528
Public safety 2,000 900 1,392
Sanitation 3,000 1,775 2,600
' $ 10,048 $ 11,672 $ 8,520
Fines and forfeits $ 11,100 $ 6,726 $ 9,883
Other
Assessments $ 843
Interest on investments $ 8,000 $ 26,410 17,486
Reimbursement from improvement projects
Administrative charges 4,508 4,508 4,488
Other 10,000 1,334 6,776
Miscellaneous 2,660 2 1,617
Insurance claim settlement 32,352
Refunds and reimbursements 13,789 19,463
' Revenue collected for other agencies 3,000 25,455 46,832
Escrow 6,125 15,947 2,688
$ 34,293 $ 121,817 $ 100,193
Total revenue $ 821,151 $1,037,243 $ 742,572
Other sources
' Transfers from other funds
Revenue Sharing Fund 38,612 39,109 48,575
Total revenue and other sources S 859,763 $1,076,352 $ 791,147
26 .~
CITY OF ANDOVER, MINNESOTA
GENERAL FUND I
STATEMENT OF EXPENDITURES. COMPARED TO BUDGET
YEAR ENDED DECEMBER 31, 1983
(with comparative actual amounts for year ended December 31, 1982) E
1983 1982 E
Budget Actual Actual
General government C
Council
Personal services $ 11 ,402 $ 10,980 $ 11 ,639
Other services and charges 6,480 5,078 6,114 ~
$ 17,882 $ 16,058 $ 17,753
Mayor m
Personal services $ 2,910. $ 2,881 $ 2,561
Other services and charges 100 126
$ 3,0.10 $ 3,00.7 $ 2,561 ~
Elections
Personal services $ 5,943
Supplies $ 50 532 ~
Other services and charges 496
Capital outlay 1,953
$ 50 $ 8,924 I
Administrative
Personal services $ 36,999 $ 32,683 $ 49,738
Supplies 880 990 1,387 m
Other services and charges 1,490 1,351 2,203
.Capita1 outlay 1,400 2,119 885
$ 40,769 $ 37,143 $ 54,213 C
Financial administration
Personal services $ 6,509 $ 6,508 C
Supplies 18
Other services and charges 100 380
$ 6,609 $ 6,906 ~ I
,
Accounting I
Personal services $ 17,595 $ 18,097 I
Supplies 215 981 C
Other services and charges 410 310
Capital outlay 200 245
$ 18,420 $ 19,633 ~
Assessing
Other services and charges $ 17 ,000 $ 16,142 $ 15,715
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CITY OF ANDOVER, MINNESOTA 27
' GENERAL FUND
STATEMENT OF EXPENDITURES COMPARED TO BUDGET (CONTINUED
YEAR ENDED DECEMBER 31, 1983
(with comparative actual amounts for year ended December 31, 1982)
' 1983 1982
Budget Actual Actual
General government (continued)
Consulting staff
Auditing $ 6,600 $ 7 $ 10,600
Legal 18,550 19,844 16,189
$ 25,150 $ 27,294 $ 26,789
' Planning and zoning
Personal services $ 10,431 $ 10,500 $ 9,532
Supplies 1,540 1,280 1,658
' Other services and charges 2,145 6,985 3,699
Capital outlay 1,450 1 1,180
Other 300 358 490
$ 15,866 $ 20,371 16,559
' Buildings
Administration building
' Personal services $ 1,500 $ 2,382 $ 714
Supplies 5,225 6,107 2,996
Other services and charges 7,900 9,882 8,506
Capital outlay 1,000 727 496
$ 15,625 $ 19,098 $ 12,712
Fire Department building
' Supplies $ 4,460 $ 2,933 $ 2,226
Other services and charges 4 3,935 4,013
Capital outlay 4,000 5,597 5,235
' $ 13,360 $ 12,465 $ 11,474
Public Works building
Personal services $ 2,248 $ 6,039 $ 1,861
Supplies 6,325 3,338 2,251
Other services and charges 3,600 4,174 4,154
Capital outlay 2,700 3,186 4,960
$ 14,873 $ 16,737 $ 13,226
Senior citizen center
' Personal services $ 158
Supplies $ 1,100
Other services and changes 1,700 902
Capital outlay 1,500 2,515
$ 4,300 $ 3,575
Total buildings $ 4$,158 $ 51,875 $ 37,412
28
CITY OF ANDOVER, MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES, COMPARED TO BUDGET (CONTINUED
YEAR ENDED DECEMBER 31, 1983
(with comparative actual amounts for year ended December 31, 1982)
1983 1982
Budget Actual Actual
General government (continued)
Engineering - Staff
Personal services $ 40,209 $ 39,678 $ 38,603
Supplies 2 1 2,200
Other services and charges 1,630 1,072 1,122
Capital outlay 8,600 8,486 379
53,174 $ 51,025 $ 42
Engineering - Consultant
Other services and charges $ 4,500 $ 1,409 $ 11
Total general government $250,588 $250,863 $233,484
Public safety
Police protection
Other services and charges $122,437 $119,828 $109,785
Capital outlay 403
$122,437 $120,231 $109,785
Fire protection
Personal services $ 31,810 $ 20 $ 22,645 Q
Supplies 7,075 10,941 8,865
Other services and charges 15,323 15,273 15,142
Relief Association 15,415 16,598 18,025
Capital outlay 9,305 10,404 7,408
$ 78,928 $ 73,582 $ 72
Protective inspection
Personal services $ 27,476 $ 28,773 $ 29,965
Supplies 2,110 2,866 2,135
Other services and charges 1,400 1,204 1,035
Capital outlay 300 934 295
SAC and surcharges 2,880 24 40,572
Other 300 182 6,605
$ 34,466 $ 58,773 $ 80,607
Rescue service a
Personal services $ 6,120 $ 5,725
Supplies 1 1,640
Other services and charges 2,700 1
Capital outlay 2,000
12,420 $ 9,287
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CITY OF ANDOVER, MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES, COMPARED TO BUDGET (CONTINUED)
YEAR ENDED DECEMBER 31, 1983
(with comparative actual amounts for year ended December 31, 1982)
1983
1982
Actual
Budget
Actual
Public safety (continued)
Animal control
Personal services
Supplies
Other services and charges
$ 200 $ 43
150 249
5,500 6,763 $ 4,933
$ 5,850 $ 7,055 $ 4,933
$254,101 $268,928 $267,410
Total public safety
Public works
Streets and highways
Personal services
Supplies
Other services and charges
Capital outlay
$ 24,393 $ 27,994 $ 25,269
26,050 18,299 29,160
10,600 7,963 10,304
36,500 21,842 22,751
$ 97,543 $ 76,098 $ 87,484
$ 31,974 $ 22,103 $ 14,878
11 , 500 18,213 7,723
5,400 8,998 7,230
500 239
$ 49,374 $ 49,553 $ 29,831
$ 4,349 $ 4,077 $ .2 ,500
900 1,543 273
50
11 ,500 5,459 2,210
$ 16,749 $ 11,129 $ 4,983
$ 800 $ 392 $ 318
$164,466 $137,172 $122,616
Snow and ice removal
Personal services
Supplies
Other services and charges
Capital outlay
Street signs
Personal services
Suppl ies
Other services and charges
Capital outlay
Street lighting
Other services and charges
Total public works
Sanitation
Storm sewers
Personal services
Supplies
Other services and charges
$ 1,626
1,551
1,308
$ 4,485
$ 2,559
1,186
3,447
$ 7,192
$ 4,476
2,100
3,380
$ 9,956
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CITY OF ANDOVER, MINNESOTA
GENERAL FUND
STATEMENT OF EXPENDITURES. COMPARED TO BUDGET (CONTINUED)
YEAR ENDED DECEMBER,31, 1983
(with comparative actual amounts for year ended December 31, 1982)
1983
1982
Actual
Budget
Actual
Sanitation (continued)
Diseased trees
Personal services
Supplies
Other services and charges
Capital outlay
$ 1,365
620
300
200
$ 2,485
$ 12,441
$ 12,524
1,684
3,112
$ 17,320
$ 21,805
$ 939
19
29
128
$ 1,115
$ 8,307
Total sanitation
Parks and recreation
Personal services
Supplies
Other services and charges
Community education programs
Assessments
Capital outlay
$ 17,209
9,345
7,840
23,922
11,359
15,000
$ 84,675
$ 18,593
8,562
5,831
23,732
11,359
20,544
$ 88,621
$ 17,356
7,700
7,416
23,177
12,335
295
$ 68,279
Other una110cated
Senior Citizen Center
Metropolitan Waste Control Commission
Workers compensation and unemployment
Improvement projects
Miscellaneous
Contingency
$149,586
4,300 $ 4,300
4,759 8,845
1,169 11,921
2,165 991
$161,979 $ 26,057
$929,368 $726,153
$ 4,300
4,800
1,000
1,000
14,586
$ 25,686
$791,957
Total expenditures
Other uses
Transfers to other funds
1979 Certificate of Indebtedness Fund
1980 Certificate of Indebtedness Fund
1982 Certificate of Indebtedness Fund
$ 19,040 $ 19,040 $ 20,060
9,400 9,400 9,960
39,366 42,000
$ 67,806 $ 70,440 $ 30 ,020
$859.763 $999.808 $756.173
Total expenditures and other uses
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CITY OF ANDOVER, MINNESOTA
SPECIAL REVENUE FUND - REVENUE SHARING FUND
COMPARATIVE BALANCE SHEET
DECEMBER 31, 1983 AND 1982
1983
1982
ASSET
Cash and temporary investments
$
$
46
-0-
F,UND BALANCE
Fund balance
Unreserved - Undesignated
$
46
$
-0-
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES
YEAR ENDED DECEMBER 31, 1983
(with comparative actual amounts for year ended December 31, 1982)
1983 1982
Budget Actual Actual
Revenue
Federal grant $ 38,612 $ 38,511 $ 46,688
Interest on investments 563 1,933
Total revenue $ 38,612 $ 39 ,074 $ 48,621
Expenditures
Other charges and services $ 11
Other uses
Transfer to General Fund $ 38,612 39,109 $ 48,575
Total expenditures and other uses $ 38,612 $ 39,120 $ 48,575
Net increase (decrease) in fund balance $ -0- $( 46) $ 46
Fund balance January 1 46 -0-
Fund balance December 31 $ -0- $ 46
32
CITY OF ANDOVER. MINNESOTA
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1983
(with comparative totals for December 31, 1982)
1978 G.O.
Bonds
ASSETS
Cash and temporary investments $ 96,089
Accrued interest receivable 799
Taxes receivable
Unremitted 322
Delinquent 3,693
Allowance for delinquent taxes ( 3,693)
Due from other funds
Total assets $ 97.210
FUND BALANCE
Fund balance - Reserved for
debt service
$ 97.210
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Certificate
of
Indebtedness
$ 211
$ 211
$
211
Totals
1983
1982
$ 96,300 $ 86,038
799 441
322 320
3,693 3,975
( 3,693) ( 3,975)
2,777
$ 97.421 $ 89.576
$ 97.421
$ 89.576
33
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CITY OF ANDOVER, MINNESOTA
DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES
YEAR ENDED DECEMBER 31, 1983
(with comparative totals for year ended December 31, 1982)
1978 G.O. Certificates of Indebtedness Totals
Bonds 1979 1980 1982 1983 1982
Revenue
General property
taxes $ 38,686 $ 38,686 $ 38,444
State credits 20,323 20,323 20,206
Interest on
investments 5,834 $ 92 5,926 5,787
Other 213 213 210
$ 65,056 $ 92 $ 65,148 $ 64,647
Other sources
Transfer from
General Fund $ 19,040 9,400 $ 42,000 70,440 30,020
Total revenue and
other sources $ 65,056 $ 19,040 $ 9,494 $ 42,000 $135,588 $ 94,667
Expenditures
Redemption of bonds $ 40,000 $ 17,000 $ 8,000 $ 30,000 $ 95,000 $ 65,000
Interest and service
charges 17,303 2,040 1,400 12,000 32,743 24,604
Total expenditures $ 57,303 $ 19,040 $ 9,400 $ 42,000 $127,743 $ 89,604
Net increase in fund
balance $ 7,753 $ -0- $ 92 $ -0- $ 7,845 $ 5,063
Fund balance January 1 89,457 -0- 119 -0- 89,576 84 , 513
Fund balance
December 31 $ 97.210 $ -0- $ 211 $ -0- $ 97.421 $ 89.576
34
CITY OF ANDOVER. MINNESOTA
CAPITAL PROJECTS FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1983
(with comparative totals for December 31, 1982)
1979
Equipment
ASSETS
Cash and temporary investments
Accrued interest receivable
Due from other governmental units
$ 9,730
130
Total assets
$ 9.860
LIABILITIES AND FUND BALANCE
Liabilities
Cash deficit
Accounts payable
Contracts payable
Due to other funds
Total liabilities
Fund balance
Reserved for equipment
Reserved for construction
Unreserved - Undesignated
Total fund balance
$ 9,860
$ 9,860
$ 9.860
Total liabilities and fund balance
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I State 1982 1983 Totals
Park Aid Equipment Equipment 1983 1982
I
$ 33,107 $ 5,721 $ 30,283 $ 78,841 $279,748
I 234 52 199 615 631
6,900 $110,072 116,972
I $ 40.241 $110.072 $ 5.773 $ 30.482 $196.428 $280.379
I
I $ 91,548 $ 91,548
1,860 1,860 $ 1,890
15,919 15,919 10,814
I 1,083
$109,327 $109,327 $ 13,787
I $ 29,500 $ 29,500 $149,758
$ 745 745 68,443
$ 40,241 $ 5,773 982 56,856 48,391
I $ 40,241 $ 745 $ 5,773 $ 30,482 $ 87,101 $266,592
$ 40.241 $110.072 $ 5.773 $ 30.482 S196.428 $280.379
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CITY OF ANDOVER, MINNESOTA
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUE. EXPENDITURES AND CHANGES IN FUND BALANCES
YEAR ENDED DECEMBER 31, 1983
(with comparative totals for year ended December 31, 1982)
1979
Equipment
Revenue
State aid and grants
Park dedication fees
Interes.t on investments
Other
$
$
1,178
Total revenue
1,178
Other sources
Bond proceeds
Total revenue and other sources
$
1,178
Expenditures
Capital outlay
Net increase (decrease) in fund balance
$
1,178
Fund balance January 1
8,682
9.,860
Fund balance December 31
$
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State 1982 1983 Totals
Park Aid Equipment Equipment 1983 1982
$ 50,450 $ 257,638 $ 308,088 $ 287,482
11 ,170 11 , 1 70 13,610
5,705 4,220 $ 6,430 $ 982 18,515 9,523
182 182 165
$ 67,507 $ 261,858 $ 6,430 $ 982 $ 337,955 $ 310,780
30,000 30,000 150,000
$ 67,507 $ 261,858 $ 6,430 $ 30,982 $ 367,955 $ 460,780
$ 69,134 $ 327,397 $ 150,415 $ 500 $ 547,446 $ 263,291
$( 1,627) $( 65,539) $ (143,985) $ 30,482 $(179,491) $ 197,489
41,868 66,284 149,758 -0- 266,592 69,103
$ 40.241 $ 745 $ 5.773 $ 30.482 $ 87.101 $ 266.592
38
CITY OF ANDOVER, MINNESOTA
SPECIAL ASSESSMENT FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1983
(with comparative totals for December
75-1
ASSETS
Cash and temporary investments $
Accrued interest receivable
Taxes receivable
Unremitted
Delinquent
Special assessments receivable
Unremitted
Delinquent
Deferred
Allowance for uncollected receivables (
Due from other funds
573,242
5,287
4,000
464,646
4,000)
Total assets
$ 1.043.175
LIABILITIES AND FUND BALANCE
Liabilities
Accounts payable
Contracts payable
Due to other funds
Deposits payable
Deferred revenue
Bonds payable
Total liabilities
$ 464,646
1,085,000
$ 1,549,646
Fund balance (deficit)
Reserved for construction
Reserved for debt service
Unreserved - Undesignated
Total fund balance
$( 506,471)
$( 506,471)
Total liabilities and
fund balance
$ 1.043.175
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75-2
$ 19,215
152
1
13
61
3,039
9,569
( 3,052)
$ 28.998
$ 9,569
13 , 800
$ 23,369
$ 5,629
$ 5,629
$ 28.998
76-1
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$ 1,064,883
8,827
395
22,004
635,656
( 22,004)
$ 1. 709.761
$ 635,656
1,361,400
$ 1,997,056
$( 287,295)
$ ( 287,295)
$ 1.709.761
40
CITY OF ANDOVER, MINNESOTA
SPECIAL ASSESSMENT FUNDS
COMBINING BALANCE SHEET (CONTINUED)
DECEMBER 31, 1983
(with comparative totals for December 31, 1982)
ASSETS
Cash and temporary investments
Accrued interest receivable
Taxes receivable
Unremitted
Delinquent
Special assessments receivable
Unremitted
Delinquent
Deferred
Allowance for uncollected receivables
Due from other funds
Total assets
LIABILITIES AND FUND BALANCE
Liabilities
Accounts payable
Contracts payable
Due to other funds
Deposits payable
Deferred revenue
Bonds payable
Total liabilities
Fund balance (deficit)
Reserved for construction
Reserved for debt service
Unreserved - Undesignated
Total fund balance
Total liabilities and
fund balance
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80-3,4/82-7
81-1
$ 1,737,029 $ 39,867
15,069 278
12
81
4,049
75,218 2,530
2.701,308 89,322
( 75,218) ( 2,611)
200,000
$ 4.657.455 $ 129.479
$ 6,125
36,153
2,701,308, $ 89,322
4,260,000 120,000 '
$ 7,003,586 $ 209,322
$(2,346,131)
$ (2,346,131)
$( 79,843)
$( 79,843)
$ 4.657.455
$ 129.479
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I Totals
Improvement pro;ects 1982
I 81-2 83-2, 2A, 3 83-5, 6 , 8 1983 Restated
I $ 54,351 $ 437,184 $ 65,208 $ 4,768,520 $ 4,108,037
382 3,622 56 39,847 23,458
I 2 21
9 147 56
I 5,394 6,368
3,360 137,238 126,336
130,419 201,874 5,229,132 5,677 ,486
I ( 3,369) ( 137,385) ( 126,392)
200,000 59,147
I $ 185.154 $ 440.806 $ 267.138 $10.242.914 $ 9.874.496
I
$ 7,016 $ 1,920 $ 8,936 $ 1,348
I 39,785 20,333 66,243 6,101
200,000 200,000 61,924
146,076 182,229 150,725
I $ 130,419 19,881 201,874 5,249,013 5,677,486
157,500 1,015,000 9,615,900 8,920,700
$ 287,919 $ 1,227,758 $ 424,127 $15,322,321 $14,818,284
I $ 41,391 $ 23,803 $ 65,194 $ 21,992
5,629
I $( 102,765) ( 828,343) ( 180,792) (5,150,230) (4,965,780)
$( 102,765) $( 786,952) $( 156,989) $(5,079,407) $(4,943,788)
I $ 185.154 $ 440.806 $ 267.138 $10.242.914 $ 9.874.496
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CITY OF ANDOVER, MINNESOTA
SPECIAL ASSESSMENT FUNDS
COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES
YEAR ENDED DECEMBER 31, 1983
(with comparative totals for year ended December 31, 1982)
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77-1 78-1 79-1 79-2/80-1 80-2
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$ 798
I 444
$ 993
$ 48,449 $ 32,350 $ 41,883 66,158 12,486
I 35,237 6,674 5,909 2,821 4,605
298 27 67 60
I $ 83,984 $ 39,051 $ 47,859 $ 70,032 $ 18,333
I $ 83,984 $ 39,051 $ 47,859 $ 70,032 $ 18,333
I $ 36,217 $ 13,867 $ 16,138 $ 25,712 $ 6,345
$ 36,217 $ 13,867 $ 16,138 $ 25,712 $ 6,345
I $
36,217 $ 13,867 $ 16,138 $ 25 , 712 $ 6,345
I $ 47,767 $ 25,184 $ 31 ,721 $ 44, 320 $ 11,988
I $ 115,077 $ 14,168 $ 15,503 $ 7,369 $ 14,687
I (362,792) (178,623) (196,127) (358,058) ( 50,774)
I $ (247 , 715) $(164,455) $(180,624) $ (350,689) $( 36,087)
$(199.948) $(139.271) $ (148.903) $(306.369) $( 24.099)
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CITY OF ANDOVER, MINNESOTA
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SPECIAL ASSESSMENT FUNDS
COMBINING STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCES (CONTINUED)
YEAR ENDED DECEMBER 31, 1983
(with comparative totals for year ended December 31, 1982)
Revenue
General property taxes
State credits
Forfeited tax sale
Special assessments
Unit conneGtion charges
Interest
Reimbursements from other funds
Miscellaneous
Total revenue
Other sources
Transfer from Water Fund
Total revenue and other sources
Expenditures
Construction costs
Reimbursements to other funds
Interest and fiscal charges
Total expenditures
Other uses - Transfers to other funds
Sewer Fund
Total expenditures and other uses
Net increase (decrease) in fund balance
Fund balance (deficit) January 1,
before adjustment
Adjustment to restate assessment
revenue - See Note 2
Fund balance (deficit) January 1,
as restated
Fund balance (deficit) December 31
80-3, 4/82-7
$ 695,732
141,214
44
$ 836,990
7,500
$ 844,490
$ 13,691
377 ,428
$ 391,119
11 , 980
$ 403,099
$ 441,391
$ 381,124
(3,168,646)
$ (2,787,522)
$(2.346.131)
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$ 1,509
840
26,466
2,523
$ 31,338
$ 31,338
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$ 13 ,350
$ 13,350
$ 13,350
$ 17,988
$ 5,060
( 102,891)
$( 97,831)
$( 79.843)
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' _ Improvement Projects Totals 1982
81 -2 83 -2, 2A, 3 83 -5, 6, 8 1983 Restated
$ 208 $ 2,746 $ 266
' 114 1,493 81
2,564 5,317
36,033 $ 8,912 1,146,144 1,220,633
' 6,
3,488 $ 19,840 231 354,672 420,719 719
8,266
79 3,551 6,320
' $ 39,922 $ 19,840 $ 9,143 $ 1,511,170 $ 1,668,268
7,500
$ 39,922 $ 19,840 $ 9,143 $ 1,518,670 $ 1,668,268
$ 347 $ 806 $ 166,132 $ 986,962 $ 162,768
24,204
18,135 655,347 670,011
$ 18,482 $ 806,792 $ 166,132 $ 1,642,309 $ 856,983
' 11,980
$ 18,482 $ 806,792 $ 166 $ 1,654,289 $ 856,983
$ 21,440 $( 786,952 $( 156,989 $( 135,619 $ 811
$ 27,702 $ -0- $ -0- $ 860,034 $ 441,365
( 151,907 -0- - 0- (5,803,822 (6,196,438
' $( 124,205 $ -0- $ -0- $(4,943,788 $(5,755,073)
102,765 $( 786,952 S( 156,989 S(5,079,407 S(4,943,788
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I 47
CITY OF ANDOVER, MINNESOTA
ALL PROPRIETARY FUND TYPES - ENTERPRISE FUNDS
I COMBINING BALANCE SHEET
DECENBER 31, 1983
(with comparative totals for December 31, 1982)
I Totals
1982
I Water Sewer 1983 Restated
-
ASSETS
I Current assets
Cash and temporary investments $ 6,484 $ 6,484 $ 12,375
Accrued interest receivable 100 $ 178 278 508
I Accounts receivable 1,891 30,279 32,170 23,588
Special assessments receivable 525 525
Prepaid expense 7,267 7,267 8,074
I Inventory 5,517 5,517 2,250
$ 13,992 $ 38,249 $ 52,241 $ 46,795
I Property and equipment
Furniture and equipment $ 2,050 $ 3,366 $ 5,416 $ 4,842
Machinery 190,832 190,832 190,832
Collection and distribution
I systems 321,112 4,165,666 ' 4,486,778 4,486,778
$ 513,994 $4,169,032 $4,683,026 $4,682,452
Less accumulated depreciation 40,340 454,483 494,823 395,042
I $ 473,654 $3,714,549 $4,188,203 $4,287,410
Other assets
I Special assessments receivable $ 24,828 $ 24,828
Total assets $ 487.646 $3.777.626 $4.265.272 $4.334.205
I LIABILITIES AND FUND EQUITY
I Current liabilities
Cash deficit $ 4,590 $ 4,590 $ 1,329
Accounts payable $ 3,655 2,407 6,062 868
I Accrued expenses 160 535 6949 719
Due to other funds 8,074
Due to other governmental units . 26 ' 20 46 6,366
$ 3,841 $ 7,551 $ 11 , 392 $ 17,356
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Other liability
Deferred revenue - Connection
I charges $ 25,353 $ 25,353
Fund equity
I Retained earnings
Reserved for equipment $ 2,500 $ 2,500
Unreserved - Undesignated 9,271 $ 32,738 42,009 $ 33,554
$ 11,771 $ 32,738 $ 44,509 $ 33,554
I Cor.tributed 472 ,034 3,711,984 4,184,018 4,283,295
$ 483,805 $3,744,722 $4,228,527 $4,316,849
I Total liabilities and
fund equ ity $ 487.646 $3.777.626 $4.265.272 $4.334.20:;>
48
CITY OF ANDOVER, MINNESOTA
ALL PROPRIETARY FUND TYPES - ENTERPRISE FUNDS
COMBINING STATEMENT OF CHANGES IN FUND EQUITY
YEAR ENDED DECEMBER 31, 1983
Water Fund
Retained
Contributed earnings
Fund equity January 1,
before adjustments
Adjustment to restate
sewer expense - See Note 2
Fund equity January 1,
as restated
Net loss
Depreciation of contributed
property and equipment
transferred to
contributions
Fund equity December 31
$487,998
$487,998
(15,964)
$472.034
$ 16,437
$ 16,437
(20,630)
15,964
$ 11.771
Total
$504,435
$504,435
(20,630)
$483.805
8,074
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Contributed earnings
- --------- -
$3,795,297 $ 9,043
$ 17,117
(67,692)
83,313
$' 32.738
$3,795,297
( 83,313)
$3.711.984
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Total 1983 Total 1982 Restated
Retained J.{etained
Total Contributed earnings Total Contributed earnings Total
$3,804,340 $4,283,295 $ 25,480 $4,308,775 $4,382,572 $ 42,987 $4,425,559
8,074 8,074 8,074
$3,812,414 $4,283,295 $ 33,554 $4,316,849 $4,382,572 $ 42,987 $4,425,559
( 67,692) (88,322) ( 88,322) (l08,710) , ( 108,710)
( 99,277)
$4.184.018
99,277
$ 44.509
$( 99,277)
$4.283.295 $
99,277
33.554
$3.744,722
$4.228.527
$4.316.849
50 a
CITY OF ANDOVER, MINNESOTA
ALL PROPRIETARY FUND TYPES - ENTERPRISE FUNDS
COMBINING STATEMENT OF REVENUE AND EXPENSE
YEAR ENDED DECEMBER 31, 1983
(with comparative totals for year ended December 31, 1982)
Totals 8
1982
Hater Sewer 1983 Restated
Operating revenue
User charges $ 11,880 $ 89,945 $ 101,825 $ 75,318
Connection charges 15,020 3,473 18,493 42,899
Meters 1,300 1,300 3,795
Penalties 213 1,260 1 1,726
Other 285 285
$ 28,413 $ 94,963 $ 123,376 $ 123,738
Operating expense (excluding
depreciation)
Personal services $ 15,325 $ 12,662 $ 27,987 $ 33,213
Supplies 3,765 2,509 6,274 8,318
Other services and charges 7,382 9,299 16,681 16,825
Disposal charges 68,153 68,153 76
$ 26,472 $ 92,623 $ 119,095 $ 134,749
Operating income (loss) before
depreciation $ 1,941 $ 2 $ 4,281 $( 11,011
Less depreciation
On assets acquired with own funds $ 187 $ 317 $ 504 $ 459
On assets acquired from
contributions 15,964 83,313 99,277 99,277
$ 16,151 $ 83,630 $ 99,781 $ 99,736
Operating loss $( 14,210 $( 81,290 $( 95,500) $(110,747
Other income (expense)
Interest $ 1,080 $ 1,618 $ 2 $ 2
Transfer from special assessment
funds 11,980 11,980
Transfer to special assessment
funds ( 7,50C ( 7,500
$( 6,420 $ 13,598 $ 7,178 $ 2,037
Net loss $( 20,63 S( 67.692 $( 88,322 5(108.710
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CITY OF ANDOVER, MINNESOTA
ALL PROPRIETARY FUND TYPES - ENTERPRISE FUNDS
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
YEAR ENDED DECEMBER 31, 1983
(with comparative totals for year ended December 31, 1982)
51
52
CITY OF ANDOVER, MINNESOTA
WATER FUND
COMPARATIVE BALANCE SHEET
DECEMBER 31, 1983 AND 1982
ASSETS
Current assets
Cash and temporary investments
Accrued interest receivable
Accounts receivable
Inventory
Property and equipment
Furniture and equipment
Machinery
Distribution system
Less accumulated depreciation
Total assets
LIABILITIES AND FUND EQUITY
Current liabilities
Accounts payable
Due to other governmental units
Accrued expenses
Fund equity
Retained earnings
Reserved for equipment
Unreserved - Undesignated
Contributed
Total liabilities and fund equity
1983
1982
$ 6,484 $ 12.375
100 372
1,891 1,340
5,517 2,250
$ 13 , 992 $ 16,337
$ 2,050 $ 1,564
190,832 190,832
321,112 321,112
$513,994 $513,508
40,340 24,189
$473,654 $489,319
$487.646 $505.656
$ 3,655
26
160
$ 3,841
$ 713
508
$ 1,221
$ 2,500
9,271
$ 11,771
472 ,034
$483,805
$487.646
$ 16,437
$ 16.437
4a7,998
$504,435
$505.656
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CITY OF ANDOVER, MINNESOTA
WATER FUND
COMPARATIVE STATEMENT OF CHANGES IN FUND EQUITY
YEARS ENDED DECEMBER 31, 1983 AND 1982
Year ended December 31, 1982
Fund equity January 1
Net loss
$503,962
Depreciation on contributed property and
equipment transferred to contributions
Fund equity December 31
(15,964)
$487.998
$ 11 ,008
(10,535)
15,964
$ 16.437
53
$514,970
(10,535)
$504.435
54
CITY OF ANDOVER, MINNESOTA
WATER FUND
COMPARATIVE STATEMENT OF REVENUE AND EXPENSE
YEARS ENDED DECEMBER 31, 1983 AND 1982
Operating revenue
User charges
Connection charges
Penalties
Meters
Operating expense (excluding depreciation)
Personal services
Supplies
Other services and charges
Operating income before depreciation
Less depreciation
On assets acquired with own funds
On assets acquired from contributions
Operating loss
Other income (expense)
Interest
Transfer to special assessment funds
Net loss
1983 1982
$ 11~880 $ 6,836
15,020 31,559
213 92
1,300 3,795
$ 28 ,413 $ 42,282
$ 15,325 $ 23,582
3,765 6,025
7 ,382 8,004
$ 26 ,472 $ 37,611
$ 1,941 $ 4,671
$ 187 $ 161
15,964 15,964
$ 16,151 $ 16,125
$(14,210) $(11,454)
$ 1,080 $ 919
( 7,500)
$( 6,420) $ 919
$(20,630) $(10,535)
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CITY OF ANDOVER. MINNESOTA
WATER FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
YEARS ENDED DECEMBER 31, 1983 AND 1982
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Elements of change in working capital
Cash and temporary investments $( 5,891) $ 8,978
Accrued interest receivable ( 272) 372
Accounts receivable 551 860
Inventory 3,267 ( 3,635)
Accounts payable ( 2,942) ( 985
Due to other governmental units ( 26)
Accrued expenses 348
Increase (decrease) in working capital $( 4.965) $ 5.590
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CITY OF ANDOVER. MINNESOTA
SEWER FUND
COMPARATIVE BALANCE SHEET
DECEMBER 31, 1983 AND 1982
ASSETS
Current assets
Accrued interest receivable
Accounts receivable
Special assessments receivable
Prepaid expense
Property and equipment
Furniture and equipment
Collection system
Less accumulated depreciation
Other asset
Special assessments receivable
Total assets
LIABILITIES AND FUND EQUITY
Current liabilities
Cash deficit
Accounts payable
Accrued expenses
Due to other funds
Due to other governmental units
Other liability
Deferred revenue - Connection charges
Fund equity
Contributed
Retained earnings - Unreserved - Undesignated
Total liabilities and fund equity
1983
$ 178
30,279
525
7,267
$ 38,249
$ 3,366
4,165,666
$4.169,032
454,483
$3,714,549
$ 24,828
$3.777.626
$ 4,590
2,407
534
20
$ 7,551
$ 25,353
$3,711,984
32,738
$3,744,722
$3.777.626
1982
Restated
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$ 136
22,248
8,074
$ 30,458
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$ 3,278
4,165,666
$4,168,944
370,853
$3,798,091
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$3.828.549
$ 1,329
155
211
8,074
6,366
$ 16,135
$3.795,297
17,117
$3,812,414
$3.828.549
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CITY OF ANDOVER, MINNESOTA
SEWER FUND
COMPARATIVE STATEMENT OF CHANGES IN FUND EQUITY
YEARS ENDED DECEMBER 31, 1983 AND 1982
Year ended December 31, 1983
Fund equity January 1, before adjustment
Adjustment to restate sewer expense _
See Note 2
Fund equity January 1, as restated
Net loss
Depreciation of contributed property
and equipment transferred to
contributions
Fund equity December 31
Year ended December 31, 1982 Restated
Fund equity January 1
Net loss
Depreciation on contributed property and
equipment transferred to contributions
Fund equity December 31
Contributed
$3,795,297
$3,795,297
( 83,313)
$3.711.984
$3,878,610
( 83,313)
$3.795.297
Retained
earnings
$
9,043
8,074
$
17,117
( 67,692)
$
83,313
32.738
$
31,979
( 98,175)
$
83,313
17.117
57
Total
-
$3,804,340
8,074
$3,812,414
( 67,692)
$3.744.722
$3,910,589
( 98,175)
$3.812.414
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CITY OF ANDOVER. MINNESOTA
SEWER FUND
COMPARATIVE STATEMENT OF REVENUE AND EXPENSE
YEARS ENDED DECEMBER 31, 1983 AND 1982
Operating revenue
User charges
Connection charges
Penalties
Other
Operating expense (excluding depreciation)
Personal services
Supplies
Other services and charges
Disposal charges
Operating income (loss) before depreciation
Less depreciation
On assets acquired with own funds
On assets acquired from contributions
Operating loss
Other income
Interest
Transfer from special assessment funds
Net loss
------..- ,-.~
1982
1983 Restated
$ 89,945 $ 68,482
3,473 11 , 340
1,260 1,634
285
$ 94,963 $ 81,456
$ 12,662 $ 9,631
2,509 2,293
9,299 8,821
68,153 76,393
$ 92,623 $ 97,138
$ 2,340 $ (15 ,682)
$ 317 $ 298
83,313 83,313
$ 83,630 $ 83,611
$(81,290) $(99,293)
$ 1,618 $ 1,118
11,980
$ 13,598 $ 1,118
$(67.692) $(98.175)
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SEHER FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
YEARS ENDED DECEMBER 31, 1983 AND 1982
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Opera tions
Net income (loss)
Item not requiring working capital
Depreciation
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Decrease in other assets
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Operations
Net loss
Item not requ~r~ng working capital
Depreciation
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Increase in other assets
Decrease in deferred revenue
Increase (decrease) in working capital
I
Elements of change in working capital
Cash and temporary investments
Accrued interest receivable
Accounts receivable
Special assessment receivable
Prepaid expenses
Accounts payable
Accrued expenses
Due to other funds
Due to other governmental units
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Increase (decrease) in working capital
1983
, 59
1982
Restated
$ 98,175
(83,611)
$ 14,564
$ 88 225
24,828
30,460
$ 24,916 $ 45,249
$ 16.375 $<14.789)
$( 3,261)
42
8,031
525
( 807)
( 2,252)
( 323)
8,074
6,346
$ 16.375
$(11,347)
136
3,144
8,074
( 145)
( 211)
( 8,074)
( 6,366)
$ <14.789)
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CITY OF ANDOVER, MINNESOTA
COMPARATIVE STATEMENT OF GENERAL FIXED ASSETS
DECEMBER 31, 1983 AND 1982
General Fixed Assets
Land and improvements
Buildings and improvements
Furniture and equipment
Machinery and automotive equipment
Total General Fixed Assets
Investment in General Fixed Assets
1983
$ 98,103
564,146
78,208
387,758
$1.128.215
$1.128.215
1982
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408,432
62,492
368,901
$ 935.706
$ 935.706
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61
COMPARATIVE STATEMENT OF GENERAL LONG-TERM DEBT
DECEMBER 31, 1983 AND 1982
I
II Amount available and to be provided for payment
of general long-term debt
I
Amount available in debt service funds
Resources to be provided by future revenues
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Total
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General long-term debt payable
Accounts payable - Assessments on City property
Accrued liability - Vacation pay - Governmental funds
Contracts payable
Equipment purchase
Land acquisition
Due to other governmental units
Metropolitan Waste Control Commission
Bonds and Certificates of Indebtedness
G.O. Improvement (Building and Equipment) Bonds of 1978
1979 Certificates of Indebtedness
1980 Certificates of Indebtedness
1982 Certificates of Indebtedness
1983 Certificates of Indebtedness
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1982
$ 97,421
553,550
$650.971
$ 89,576
578,366
$667.942
$ 98,972 $ 93,076
6,268 3,804
7,289 8,887
44,000
26,442 29,175
285,000 325,000
17,000 34,000
16,000 24,000
120,000 150,000
30,000
$650.971 $667.942
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SECTION III
STATISTICAL SECTION
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CITY OF ANDOVER, MINNESOTA
SCHEDULE OF CASH, TEMPORARY INVESTMENTS AND SECURITY FOR DEPOSITS
DECEMBER 31, 1983
Cash
Face amount
of securities
pledged as
collateral
by depository
First National Bank of Anoka
Checking account
Savings account
Money market account
Certificates of deposit
$ 368
750,679
23,324
4,500,000
$5.274.371 '
$5.435.000
Additional security of $100,000 each for demand deposits and time deposits is provided
by the Federal Deposit Insurance Corporation.
Minnesota Law stipulates that the amount of deposits cannot exceed the F.D.I.C.
insurance plus ninety percent of the market value of securities pledged as collateral
by the bank. On December 31, 1983, the bank deposits at First National Bank of Anoka
were in excess of this requirement.
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CITY OF ANDOVER, MINNESOTA
COMBINED SCHEDULE OF INDEBTEDNESS ~
DECEMBER 31, 1983
m
Final
Interest Issue maturity E
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 '/./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 E
General Obligation Improvement
Bonds of 1977 5.25-5.50 10/1/77 2/1/98
General Obligation Improvement I
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 E
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 E
General Obligation Improvement
Bonds of 1980 8.50-9.10 10/1/80 2/1/02
General Obligation Imp:rovemen t E
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 Improvement E
Bonds of 1982 7.00 10/1/83 10/1/86
General obligation bonds m
General Obligation Improvement
Bonds of 1978 (Building & Equipment) 5.55-5.70 11/1/78 2/1/89 ~
1979 Certificates of Indebtedness 6.00 8/1/79 8/1/84
1980 Certificates of Indebtedness 7.00 10/1/80 4/1/85
1981 Certificates of Indebtedness 8.00 12/31/81 12/31/87 D
1983 Certificates of Indebtedness 7.50 10/1/83 10/1/88
Total Bonded Indebtedness ~
Long-term payab1es
Metropolitan Waste Control Commission 5.369 1971 1991 ~
Special assessments on City owned property 6.25-10.70 Various 2001
Land acquisition 9.00 1983 1985
Equipment purchase 18.57 1982 1987 ~
Total Indebtedness
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Indebtedness
' Authorized Due in 1984
and issued Redeemed Outstanding Principal Interest
$ 46,000 $ 32,200 $ 13,800 $ 4,600 $ 897
' 1 310,000 1,325,000 65,000 85,042
56,000 19,600 36 2,800 2,282
1,215,000 130,000 1,085,000 25,000 54,250
780,000 115,000 665,000 30,000 34,592
270,000 35,000 235,000 10,000 13,313
' 270,000 30,000 240,000 15,000 15,112
430,000 55,000 375,000 30,000 23,835
' 98,000 9,800 88,200 4,900 6
4,365,000 105,000 4,260,000 105,000 368,202
' 150,000 30,000 120,000 15,000 11,888
175,000 17,500 157,500 17,500 16,013
1,015,000 1,015,000 71,050
' $10,505,000 $ 889 $ 9,615,900 $ 324,800 $ 702,479
$ 430,000 $ 145,000 $ 285,000 $ 40,000 $ 14,972
85,000 68,000 17,000 17,000 1,020
40,000 24,000 16,000 8,000 840 -
1 150,000 30 120 30,000 9
30,000 30,000 6,000 2,250
$ 735,000 $ 267,000 $ 468,000 $ 101,000 $ 28,682
$11,240,000 $ 1,156,100 $10,083,900 $ 425,800 $ 731,161
$ 43,018 $ 16,576 $ 26,442 $ 2,880 $ 1
111,653 12,681 98,972 3,812 9,897 -
44,000 44,000 22,000 3,960
10,115 2,826 7,289 1,923 1,197 `-
' $ 208,786 $ 32,083 $ 176,703 $ 30,615 $ 16,474 ff
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$11,448,786 $ 1,188,183 $10,260,603 $ 456,415 $ 747,635
66 a
CITY OF ANDOVER, MINNESOTA
SCHEDULE OF BONDS PAYABLE
DECEMBER 31, 1983
O
Annual
Issue Maturity Interest serial
date date rate payments
Special assessment bonds a
Improvement Bond of 1975 9/1/75
$4,600 per year 9/1/84 -86 6.50% $ 13,800
General Obligation Improvement
Bonds of 1976 8/1/76
February 1, 1984 6.20 $ 65,000
February 1, 1985 6.20 70,000
February 1, 1986 6.25 75,000
February 1, 1987 6.25 80,000
February 1, 1988 6.30 85,000
February 1, 1989 6.40 90,000
February 1, 1990 6.50 95,000
February 1, 1991 6.60 100,000
February 1, 1992 6.70 110,000
February 1, 1993 6.80 95,000
February 1, 1994 6.80 105,000
February 1, 1995 6.80 110,000
February 1, 1996 6.80 120,000
February 1, 1997 6.80 125,000
$ 1,325
Improvement Bonds of 1976 11/1/76
$2,800 per year 11/1/84 -86 5.50 $ 8,400
$2,800 per year 11/1/87 -91 6.25 14,000
$2,800 per year 11/1/92 -96 6.75 14,000
$ 36,400
General Obligation Improvement
Bonds of 1977 3/1/77
$25,000 per year 1/l/85 -86 5.00 $ 50,000
$30,000 per year 1/1/87 -88 5.00 60,000
$35,000 per year 1/1/89 -90 5.00 70,000
$40,000 per year 1/1/91 -92 5.00 80,000
$45,000 per year 1/1/93 -94 5.00 90
$50,000 per year 1/1/95 -96 5.00 100,000
$55,000 per year 1/1/97 -98 5.00 110,000
$60,000 per year 1/1/99 -2000 5.00 120,000
$65,000 per year 1/1/01 -03 5.00 195,000
$70,000 per year 1/1/04 -06 5.00 210,000
$ 1,085,000
CITY OF ANDOVER, MINNESOTA 67
' SCHEDULE OF BONDS PAYABLE (CONTINUED
DECEMBER 31, 1983
Annual
Issue Maturity Interest serial
date date rate payments
Special assessment bonds (continued)
' General Obligation Improvement
Bonds of 1977 10/1/77
$30,000 per year 2/1/84 -85 5.25% $ 60,000
' $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
$ 665,000
General Obligation Improvement
Bonds of 1978 1/1/78
$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 15,000
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 15,000
February 1, 1995 2/l/95 6.00 15,000
$20,000 per year 2/1/96 -99 6.00 80,000
$ 235,000
' General Obligation Improvement
Bonds of 1979 11/1/79
$15,000 per year 2/1/84 -87 6.50 $ 60,000
$20,000 per year 2/1/88 -91 6.50 80,000 =
$25,000 per year 2/1/92 -95 6.50 100,000
$ 240,000
' General Obligation Improvement
Bonds of 1980 6/1/80
February 1, 1984 6.20 $ 30,000
February 1, 1985 6.30 35,000
February 1, 1986 6.40 40,000
February 1, 1987 6.50 45,000
February 1, 1988 6.60 50,000
' February 1, 1989 6.70 50,000
February 1, 1990 6.80 60,000 =
February 1, 1991 6.90 65,000
' $ 3751000
68
CITY OF ANDOVER, MINNESOTA
SCHEDULE OF BONDS PAYABLE (CONTINUED O
DECEMBER 31, 1983
O
Annual
Issue Maturity Interest serial
date date rate payments
Special assessment bonds (continued)
General Obligation Bonds of 1980 8/1/80
$4,900 per year 2/1/84 -2001 7.00% $ 88,200
General Obligation Improvement
Bonds of 1980 10/1/80
February 1, 1984 8.50 $ 105,000
February 1 1985 8.50 120,000
February 1, 1986 8.50 130,000
February 1, 1987 8.50 145,000
February 1, 1988 8.50 160,000
February 1, 1989 8.50 170,000
February 1, 1990 8.50 190,000
February 1, 1991 8.50 210
February 1, 1992 8.50 230,000
February 1, 1993 8.50 250,000
February 1, 1994 8.50 275,000
February 1, 1995 8.60 305,000
February 1, 1996 8.80 330,000
February 1, 1997 9.00 370,000
February 1, 1998 9.00 200,000
February 1, 1999 9.10 230,000
February 1, 2000 9.10 255,000
February 1, 2001 9.10 280,000
February 1, 2002 9.10 305,000
$ 4,260,000
General Obligation Improvement
Bonds of 1981 7/1/81
$15,000 per year 8/1/84 -86 9.75 $ 45,000
$15,000 per year 8/1/87 -91 10.00 75,000
$ 120,000
General Obligation Improvement
Bonds of 1981 10/1/81
$17,500 per year 2/1/84 -87 11.50 $ 70,000
$17,500 per year 2/1/88 -92 10.25 87,500
$ 157,500
General Obligation Improvement
Bonds of 1983 10/1/83
October 1, 1986 10/1/86 7.00 $ 1,015,000
Total special assessment bonds $ 9
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69
CITY OF ANDOVER, MINNESOTA
SCHEDULE OF BONDS PAYABLE (CONTINUED)
DECEMBER 31, 1983
Note - January 1, 1984 maturities are considered matured December 31, 1983.
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CITY OF ANDOVER, MINNESOTA
DEBT SERVICE REQUIREMENTS
DECEMBER 31, 1983
Special assessment bonds
Year Principal Interest Total
1984 $ 324,800 $ 702,479 $ 1,027,279
1985 349,800 678,078 1,027,878
1986 1,394,800 651,804 2,046,604
1987 400,200 552,347 952,547
1988 435,200 522,149 957,349
1989 460,200 489,723 949,923
1990 500,200 454,946 955,146
1991 535,200 417,086 952,286
1992. 495,200 378,674 873,874
1993 487,700 342,706 830,406
1994 527,700 305,672 833,372
1995 567,700 265,200 832,900
1996 587,700 221,881 809,581
1997 634,900 174,764 809,664
1998 344,900 137,520 482,420
1999 314,900 111,612 426,512
2000 324,900 85,602 410,502
2001 349,900 57,667 407,567
2002 370,000 27,628 397,628
2003 70,000 10,500 80,500
2004 70,000 7,000 77 ,000
2005 70,000 3,500 73,500
$9.615.900 $6.598.538 $16.214.438
General obligation bonds
Principal Interest Total
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$101,000 $ 28,682 $129,682
89,000 21,830 110,830
81,000 16,135 97,135
86,000 10,578 96,578
61,000 4,776 65,776
50,000 1,400 51,400
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Note - January 1 maturities are considered matured December 31, of the preceding year.
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$468.000
$ 83.401
$551.401
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CITY OF ANDOVER, MINNESOTA 71
' TAX LEVIES AND COLLECTIONS
' Percentage
Collection Percentage Collection of total
Total of current of levy of prior Total collections
' Year le_ vy year's levy col_ lected years'. levy collections to levy .
1980 $356,000 $344,318 96.72% $ 8,922 $353,240 99.22%
' 1981 460,600 443,597 96.31 12 455,627 98.92.
' 1982 496,388 450,271 90.71 21,859 472,130 95.11
1983 570,009 548,667 96,26 18 566,953 99.46
' SPECIAL ASSESSMENT LEVIES AND COLLECTIONS
' Percentage
Collection Percentage Collection of total
' Total of current of levy of prior Total collections
Year le_ vy year's levy collected years' 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
' 1982 793,693 666,979 84,03 60,010 726,989 91.60
1983 724,655 634,003 87.49 77,505 711,508 98.19
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73
CITY OF ANDOVER, MINNESOTA
ASSESSED VALUATIONS, TAX LEVIES AND MILL RATES
(shown by year of tax col1ectibi1ity)
1981 1982 1983 1984
Assessed valuations $34,565,632 $39,541,477 $44,071,159 $43,692,054
Contribution to fiscal
disparities pool (1,360,707) (1,475,372) (1,543,109) (1,656,156)
Distribution from fiscal
disparities pool 2,483,123 3,956,148 5,480,041 6,767,570
Taxable valuation $35.686.048 ' $42.022.253 $48.008.091 $48.803.468
Tax levies
Revenue $ 393,410 $ 433,380 $ 476,955 $ 530,144
General obligation debt 63,707 61,313 93,056 115,366
Special assessment debt 3,483 258
$ 460.600 $ 494.951 $ 570.011 $ 645.510
Mill rates
Revenue 11.122 10.200 9.959 11 .038
General obligation debt 1. 801 1.444 1. 943 2.402
Special assessment debt .099 .006
13.022 11.650 11. 902 13 .440
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