HomeMy WebLinkAbout1984 CAFR
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CITY OF ANDOVER, MINNESOTA
FINANCIAL STATEMENTS
DECEMBER 31, 1984
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Elected
Mayor
Jerry Windschitl
Council
James Elling
Michael Knight
Theodore M. Lachinski
Kenneth Orttel
Appointed
Clerk-Treasurer
Patricia K. Lindquist
CITY OF ANDOVER, MINNESOTA
ELECTED AND APPOINTED OFFICIALS
Term of office
. expires first
business day
of January
1987
1987
1987
1989
1989
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CITY OF ANDOVER, MINNESOTA
TABLE OF CONTENTS
SECTION I
INTRODUCTORY SECTION
Comments
SECTION II
FINANCIAL SECTION
Auditors' opinion
II-A. Combined Financial Statements (General Purpose Financial Statements)
Combined balance sheet - all fund types and account groups
Combined statement of revenue, expenditures and fund
balance - all governmental fund types
Combined statement of revenue, expenditures and fund
balance - budget and actual - General and special revenue fund typ~~
Statement of revenue, expense and fund equity - all proprietary fund
types - Enterprise funds
Statement of changes in financial pOSition - all proprietary fund.
types - Enterprise funds
Notes to financialstatments
II-B. Combining and Individual Fund Statements and Account Groups
General Fund
Comparative balance sheet
Statement of revenue, expenditures and fund balance
Schedule of revenue - budget and actual
Schedule of expenditures - budget and actua~
Special revenue funds
Comparative balance sheet
Statement of revenue, expenditures and fund balance
Debt service funds
Combining balance sheet
Combining statement of revenue, expenditures and
fund balance
Capital projects funds
Combining balance sheet
Combining statement of revenue, expenditures and
fund balance
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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 fund balance
Proprietary funds - Enterprise funds
Combining balance sheet
Combining statement of revenue, expense and retained earnings
Combining statement of changes in financial position
Water Fund
Comparative balance sheet
Comparative statement of revenue, expense and retained earnings
Comparative statement of changes in financial position
Sewer Fund
Comparative balance sheet
Comparative statement of revenue, expense and retained earnings
Comparative statement of changes in financial position
Comparative statement of general fixed assets
Comaprative statement of general long-term debt
SECTION III
STATISTICAL SECTION
Schedule of cash, temporary investments and security for deposits
Combined schedule of indebtedness
Schedule of bonds payable
Debt service requirements
Tax levies and collections
Special assessment levies and collections
Assessed valuations, tax levies and mill rates
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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 councilmembers. Administrative personnel,
including the clerk-treasurer, are appointed by the council.
General Fund
The General Fund is used to account for all revenue and the activites 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 balancc increascd $143,239 during the year to $435,931. A condensed
summary of revenue and expenditures for thc years cnded Dccember 31, 1984 and 1983
is shown belo'~:
Revenue and other sources
Taxes
Licenses and permits
Intergovernmental revenue
Charges for services
Fines and forfeits
Other revenue
Transfers from other funds
Expenditures and other uses
General government
Public safety
Public works
Sanitation
Park and recreation
Other unallocated
Transfers to other funds
Xet increase in fund balance
~pecial Revenue Funds
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Budget
1984
Actual
1983
Budget
Actual
$388,265 $ 430,949 $330,605 $ 345,053
47,560 102,472 48,237 95,397
389,482 403,869 386,868 456,578
10,040 14,936 14,556 11,672
12,000 6,261 11,100 6,726
39,613 102,247 29,785 121,817
41,500 40,018 38,612 39,109
$928,460 $1,100,752 $859,763 $1,076,352
$257,547
289,575
157,880
13,151
90,160
37,767
_82,380
$928,460
~~=_:::<2:::
$ 252,060
323,011
127,715
3,740
1l.5,801
30,476
74,710
L957,513
,LoJ~2~L~~2
$250,588
254,101
164,466
12,441
84,675
25,686
~806
3i859,763
L===:::~:;
$ 2$0,863
268,928
137,172
21,805
88,621
161,979
70,4l.0
$ 999,808
L==~~~~~~
Special revenue funds are establishcd to account for taxcs and other revenuc sct
aside for a particular purpose.
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Special Revenue Funds (Continued)
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Revenue Sharing Fund - this fund was established to account for revenue received from
the Federal Government in accordance with the "State and Local Fiscal Assistance Act
of 1972." Expenditures can only be made from this fund as outlined in the Act. The
City's share of revenue for 1984 was $39,543. During 1984, $40,018 was transferred
to the General Fund. There was no fund balance at December 31, 1984.
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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 Debt Account Group.
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The funds included with the debt service funds are:
1978 General Obligation bonds
1979 Certificates of Indebtedness
1980 Certificates of Indebtedness
1982 Certificates of Indebtedness
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Capital Projects 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 $7,815 at December 31, 1984.
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Park Fund - The Park Fund was established to account for revenue, primarily park
dedication fees, to be used for the acquisition and improvement of parks. The fund
balance was $14,137 at December 31, 1984.
In
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State Aid Fund - This fund was established to account for aid
of Minnesota for construction of certain designated streets.
balance was $76,071 at December 31, 1984.
received from the State
The reserved fund
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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 $5,988 at December 31, 1984. ~
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. The fund balance was $3,892 at December 31, 1984. ...
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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, 1984 fund balance (deficits) of the various special assessment funds
were as follows:
Fund
Reserved for
construction
Reserved for
debt service
Unreserved
undesignated
Total
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 $
84, 5, 6, 7 & 12
Water Trunk
$( 447,206)
$( 447,206.)
11 ,028
( 164,605)
( 131,628)
( 118,630)
( 129,384)
( 260,573)
( 14,706)
(2,096,582)
( 65,666)
( 81,921)
( 831,243)
( ,134,574)
( 348,221)
41,647
$(4,772,264) .'
$
11 ,028
11,344
35,225
( 164;605)
( 131,628)
( 118,6.30)
( 129,384)
( 260,573)
( 14,706)
(2,096,582)
( 65,666)
( 81,921)
( 831.243)
(145,918)
( 383,446)
41,647
$(4,829,861)
$
$
46,569
11 ,028
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.
If the assessments receivable were recorded as revenue when assessed, the fund balances
(deficits) would be as follows:
Fund Reserved for Reserved for Unreserved
Fund construction debt service undesignated Total
75-1 $( 5,851) $( 5,851)
75-2 $ 897 18,977 19,874
76-1 $ 432,045 432,045
77-1 165,471 165,471
78-1 25,917 25,917
79-1 24,251 24,251
79-2/80-1 16,253 16,253
80-2 21,219 21,219
80-3,4/82-7 495,908 495,908
81-1 12,573 12,573
81-2 34,086 34,086
83-2, 2A, 3 66,570 66,570
83-5, 6, 8 $ 11 ,344 33,066 44,410
84-5, 6, 7 & 12 35,225 ( 91,881) ( 56,656)
Water Trunk 41,647 41,647
$ 46,569 $ 1,328,256 $( 37,108) $ 1,337,717
III
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Enterprise Funds
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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 !'III
user charge basis. Ii.I
In Andover the water and sewer utilities are 6perated as enterprise activities.
The financial statements of enterprise funds are similar to comparable private
enterprise and are self-contained.
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The Water fund was established during 1981; a condensed summary of operations for
1984 and 1983 is as follows:
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1983
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Operating revenue
Operating expense (excluding depreciation)
Net loss
$ 47,189 $ 28,413
37,091 26,472
$ 10,098 $ 1,941
19,867 16,151
$( 9,769) $(14,210)
( 6,361) ( 6,420)
$(16,130) $(20,630)
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Depreciation
Operating income
Other income (expense)
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A condensed summary of Sewer Fund operations for 1983 and 1982 is as follows:
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1984
1983
Operating revenue
Operating expense (excluding depreciation)
$130,727
107,194
$ 23,533
87,671
$(64,138)
1,534
$ 94,963
92,623
$ 2,340
83,630
$(81,290)
13 , 598
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Depreciation
Operating loss
Other income (expense)
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$(62,604)
$(6.7,692)
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Net loss
General Fixed Assets
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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, 1984, the general fixed assets of the city amounted to $1,305,933.
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General LonR-term Debt
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General obligation bonds and othcr forms of long-term dcbt t.hat are obligations of
the City <IS <I "holc <lnd not its individual funds arc accounted for in this self-
balancing account group. Long-term dcbt included in the <lccount at Dccembcr 31, 1984
were as follows:
Origin(ll
amount
1978 G.O. Bonds
1979 Ccrtificates of Indebtedness
1980 Certificates of Indebtedness
1982 Certificates of Indebtedness
1983 Certiflcatcs of Indebtedness
1984 State Aid Street. Improvement Bonds
Land Acquisition
Long-term payable - Mctropolitan
Waste Control Commission
Assessments on City property
Equipment purchase
Vacation payable - Governmcntal funds
$430,000
85,000
40,000
150,00Q
30,000
510,000
l,4,OOO
43,018
111,653
10,115
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Outstanding
Dccember 31, 1984
$ 245.000
-0-
8,000
9b,OOO
24,000
510,000
22,000
23 , 562
95,160
5,366
12,362
$1,035,/.50
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SECTION II
FINANCIAL SECTION
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GMHCo
GEORGE M. HANSEN COMPANY, P.A.
A Professional Corporation ofCeTlified PuhliC' A ('Cowllants
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, 1984, as listed in the table of contents.
Our examination was made in accordance with generally accepted auditing standards
and, accordingly, included such tests of the accounting records and such other
auditing procedures as we considered necessary in the circumstances.
In our opinion, the combined financial statements referred to above present fairly
the financial position of the City of Andover, Minnesota at December 31, 1984, 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.
Our examination was made for the purpose of forming an opinion on the combined
financial statements taken as a whole. The combining, individual fund, and account
group financial statements and schedules listed in the table of contents are 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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Hay 23, 1985
1 75 SOUTH PLAZA BUILDING WA YZA T A BOULEVARD AT HIGHWAY 100 MINNEAPOLIS. MINNESOT A 5541 6 B 12/546.2566
2 CITY OF ANDOVER, MINNESOTA
COMBINED BALANCE SHEET
ALL FUND TYPES AND ACCOUNT GROUPS
DECEMBER 31, 1984
ASSETS
Petty cash
Cash and temporary investments
Accrued interest receivable
Taxes receivable
Unremitted
Delinquent
.Accounts receivable
Prepaid expense
Special assessments receivable
Un remit ted
De linquent
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
Liabil i ties
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 Fund
Special
General revenue
$ 300
538,094
17,583
5,908
30,914
4,514
00,914)
22,797
$589,196
$ 17,390
2,073
65,192
68,610
$153,265
$435,931
$435,931
$589.196
$
-0-
$
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Types
Debt
service
$106,987
4,713
622
3,275
( 3,275)
$112,322
$112,322
$112,322
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Account Groups
Proprietary General General Total
' Capital Special Fund Types Fixed Long -term (memorandum only)
projects assessment Enterprise Assets Debt 1984 1983
' $ 300 $ 300
91,996 $ 4,868,042 $ 10,638 5 5,370,509
16,649 181,920 1,423 222,288 44,059
' 6,530 3
34,189 31,998
51,395 51,395 32,684
' 6,459 6,459 7,267
8,101 8,101 5,394
163,625 163,625 137,517
5,946,356 24,834 5,975,704 5,255,438
( 163,625) ( 197,814) ( 169,236)
180,000 180,000 200,000
6,900 29,697 117,862
2,701 2,701 5,517
4,850,500 $1,305,933 6,156,433 5,316,418
$ 112,322 112,322 97,421
923,128 923,128 553,550
' $115,545 $11,184,419 $4,947,950 $1,305,933 $1,035,450 $19,290,815 $17,009,760
$ 326,171 $ 277 $ 326,448 $ 96,138
' $ 5,267 1,152 2,093 $ 95,160 121,062 125,266
1,756 12,362 14,118 6,962
2,375 17,675 27,366 49,489 135,595
180 180,000 200,000
23,562 .23,562 28,540
194,230 259,422 235,578
5,946,355 24,776 6,039,741 5,343,232
' 9,2.91,100 877,000 10,168,100 10,083,900
$ 7,642 $ 15,956,683 $ 28,902 $1,035,450 $17,181,942 $16,255,211
' $4,846,305 $ 4,846,305 $ 4,184,018
$1,305,933 1,305,933 1,128,215
5,800 5,800 2,500
66,943 66,943 42,009
' $ 70,935 $ 57,597 240,854 198,489
36,968 (4,829,861 (4,356,962 (4,800,682
$107,903 $(4,772,264 $4,919,048 $1,305,933 $ 2,108,873 $ 754,549
11 5,545 $11,184,419 $4,947,95 $1,305,933 1 03 5,450 19 $17,009,760
4
CITY OF ANDOVER, MINNESOTA
COMBINED STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE
ALL GOVERNMENTAL FUND TYPES
YEAR ENDED DECEMBER 31, 1984
Revenue
Taxes
Licenses and permits
Intergovernmental revenue
Special assessments
Charges for services
Fines and forfeits
Interest
Other
Park dedication fees
Total revenue
Other sources
Bond proceeds
Transfers from other funds
Total revenue and other sources
Expenditures
General government
Public safety
Public works
Sanitation
Recreation
Other unallocated
Capital projects
Debt service
Total expenditures
Other uses
Transfers to other funds
Total expenditures and other uses
Increase in fund balance
Fund balance (deficit) January 1
Fund balance (deficit) December 31
See accompanying notes to financial statements.
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General
$ 430,949
102,472
403,869
14,936
6,261
102,247
$1,060,734
40,018
$1,100,752
$ 252,060
323,011
127,715
3,740
145,801
30,476
$ 882,803
74,710
$ 957,513
$ 143,239
292,692
$ 435,931
Special
revenue
$
39,543
475
$
40,018
$
40,018
$
-0-
$
40,018
40,018
$
-0-
-0-
$
-0-
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Total
Debt Capital Special (memorandum only)
service projects assessment 1984 1983
$ 42,033 $ 1,947 $ 474,929 $ . 386,485
102,472 95,397
19,131 $ 236,642 699,185 824,993
1,090,895 1,090,895 1,146,144
14,936 11,672
' 6,261 6,726
8,749 24,960 448,052 482,236 379
10 . 418 13,538 116,213 128,327
17,750 _ 17,750 11,170
$ 69,923 $ 279,770 $ 1,554,432 $ 3,004,877 $ 2,990,590
503,851 503,851 30,000
8,840 65,870 49,147 163,875 117,049
$ 79,763 $ 849,491 $ 1,603,579 $ 3,672,603 $ 3,137,639
$ 252,060
$ 250,863
323,011 268,928
127,715 137,172
3,740 21,.805
145,801 88,621
30,476 161,990
$ 828,689 $ 537,823 1,366,512 1,534,408
$ 63,862 716,966 780,828 783,090
' $ 63,862 $ 828,689 $ 1,254,789 $ 3,030,143 $ 3,246,877
41,647 156,375 121,529
$ 63,862 $ 828,689 $ 1,296,436 $ 3,186,518 $ 3,368,406
$ 14,901 $ 20,802 $ 307,143 $ 486,085 $( 230,767)
' 97,421 87,101 (5,079,407 (4,602,193 (4,371,426
- I 112,3 $ 107,903 (4 7 72,26 4) $(4,116,108 $(4,602,193
6
CITY OF ANDOVER, MINNESOTA
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COMBINED STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE
BUDGET AND ACTUAL - GENERAL AND SPECIAL REVENUE FUND TYPES
YEAR ENDED DECE~BER 31, 1984
Revenue
Taxes
Licenses and permits
Intergovernmental revenue
Charges for services
Fines and forfeits
Other
Total revenue
Other sources
Transfers from other funds
Total revenue and other sources
Expenditures
General government
Public safety
Public works
Sanitation
Recreation
Other unallocated
Total expenditures
Other uses
Transfers to other funds
Total expenditures and other uses
Increase in fund balance
Fund balance January 1
Fund balance December 31
I
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General
Budget
$ 388,265
47,560
389,482
10,040
12,000
39,613
$ 886,960
41,500
$ 928,460
$ 257,547
289,575
157,880
13,151
90,160
37,767
$ 846,080
82,380
$ 928,460
$
-0-
Actual
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$ 430,949
102,472
403,869
14,936
6,261
102,247
$1,060,734
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40,018
$1,100,752
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$ 252,060
323,011
127,715
3,740
145,801
30,476
$ 882,803
74,710
$ 957,513
$ 143,239
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292,692
$ 435,931
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Special revenue (memorandum only)
Budget Actual Budget Actual
I
$ 388,265 $ 430,949
I 47,560 102,472
$ 40,000 $ 39,543 429,482 443,412
10,040 14,936
I 12,000 6,261
475 39,613 102,722
$ 40,000 $ 40,018 $ 926,960 $1,100,752
I 41,500 40,018
$ 40,000 $ 40,018 $ 968,460 $1,140,770
I $ 257,547 $ 252,060
I 289,575 323,011
157,880 127,715
13,151 3,740
90,160 145,801
I $ -0- 37,767 30,476
$ -0- $ 846,080 $ 882,803
I $ 40,000 40,018 122,380 114,728
$ 40,000 $ 40,018 $ 968,460 $ 997,531
I $ -0- $ -0- ~ -0- $ 143,239
-0- 292,692
I $ -0- $ 435,931
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8
CITY OF ANDOVER, MINNESOTA
STATEMENT OF REVENUE, EXPENSE AND FUND EQUITY
ALL PROPRIETARY FUND TYPES - ENTERPRISE FUNDS
YEAR ENDED DECEMBER 31, 1984
Operating revenue
User charges
Connection charges
Meters
Penalties
Other
Totals
1984 1983
$122,489 $101,825
39,395 18,493
3,080 1,300
2,486 1,473
10,466 285
$177,916 $123,376
$ 29,645 $ 27,987
8,652 6,274
26,923 16,681
79,065 68,153
$144,285 $119,095
$ 33,631 $ 4,281
$ 570 $ 504
106,968 99,277
$107,538 $ 99,781
$03,907) $(95,500)
$ 2,673 $ 2,698
( 7,500) ( 7,500)
11 ,980
$( 4,827) $ 7,178
$08,734) $(88,322)
$(78,734) $(88,322)
106,968 99,277
$ 28,234 $ 10,955
44,509 33,554
~ 72.743 $ 44,509
Operating'expense (excluding depreciation)
Personal services
Supplies
Other services and charges
Disposal 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
Transfer from special assessment funds
Net loss
Disposition of net loss
Net loss
Add credit from transfer of depreciation
to contributions in aid to construction
Income transferred to retained earnings
Retained earnings, January 1
Retained earnings, December 31
See accompanying notes to financial statements.
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9
CITY OF ANDOVER, MINNESOTA
STATEMENT OF CHANGES IN FINANCIAL POSITION
ALL PROPRIETARY FUND TYPES - ENTERPRISE FUNDS
YEAR ENDED DECEMBER 31, 1984
Totals
1984
1983
Sources of working capital
Operations
Net loss
Item not requ1r1ng working capital
Depreciation
$(78,734) $(88,322)
107,538 99,781
$ 28,804 $ 11 ,459
769,256
25,353
$798,060 $ 36,812
$769,835 $ 574
4,155 24,828
578
$774,568 $ 25,402
$ 23,492 $ 11.410
Contribution of property
Increase in deferred revenue
Uses of working capital
Acquisition of property and equipment
Increase in other assets
Decrease in deferred revenue
Increase 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
$ 4,154 $( 9,152)
1,145 ( 230)
14,801 8,582
( 250) 525
( 808) ( 807)
8,074
( 2,816) 3,267
8,282 ( 5,194)
46 6,320
1,062) 25
~ 23.492 $ 11,410
Increase in working capital
See accompanying notes to financial statements.
10
CITY OF ANDOVER. MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31. 1984
Note 1 - Summary of Significant Accounting Policies
The City operates under "Optional Plan A" form of City government according to
applicable State of Minnesota Statutes and provides the following services:
public safety, public works. sanitation, recreation, public improvements,
planning and zoning and general administrative services.
The financial statements included in the report cover all commissions. boards,
authorities. and bodies that are dependent on or controlled by the City's
reporting entity were in conformance with NCGA Statement 3. Defining the
Governmental Reporting Entity.
The accounting policies
accounting principles.
policies:
of the City of Andover conform to generally accepted
The following is a summary of the more significant
A. Fund Accounting
The accounts of the City are organized on the basis of funds and account
groups, each of which is considered a separate accounting entity. The
operations of each fund are accounted for with a separate set of self
balancing accounts that comprise its assets. liabilities. fund equity,
revenues and expenditures, or expenses. as appropriate. Government
resources are allocated to and accounted for in individual funds based upon
the purposes for which they are to be spent and the means by which spending
activities are controlled. The various funds are grouped. in the financial
statements in this report, into six generic fund types and two broad fund
categories as follows:
GOVERNMENTAL FUNDS
General Fund - The General Fund is the primary operating fund of the, City.
It is used to account for all financial resources except those required to
be accounted for in another fund.
Special revenue funds - Special revenue funds are used to account for the
proceeds of specific revenue sources that are restricted to expenditures
for specified purposes.
Debt service funds - Debt service funds are used to account for the
accumulation of resources for, and the payment of. general long-term debt
principal. interest and related costs.
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.
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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11
CITY OF ANDOVER. MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DEC~mER 31. 1984
Note 1 - Summary of Significant Accounting Policies (Continued)
A. Fund Accounting (Continued)
PROPRIETARY FUNDS
Enterprise funds - Enterpr.ise funds are used to account for operations that
are (1) 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 to the
general public on a continuing basis be financed or recovered primarily
through user charges; or (2) 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.
B. Measurement Focus
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.
Fixed assets used in governmental fund types operations (general fixed
assets) are accounted for in the General Fixed Assets Account Group, rather
than in governmental funds. Public domain general fixed assets consisting
of certain improvements other than buildings, including roads, bridges,
curbs and gutters, streets and sidewalks, drainage systems and lighting
systems, are not capitalized along with other general fixed assets. No
depreciation has been provided on general fixed assets.
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.
The account groups are not "funds."
measurement of financial position.
of results of operations.
They are concerned only with the
They are not involved with measurement
All proprietary funds are accounted for on a cost of services or "capital
maintenance" measurement focus. This means that all assets and all
liabilities associated with their activity are included on their balance
12
CITY OF ANDOVER, MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31. 1984
Note 1 - Summary of Significant Accounting Policies (Continued)
B. Measurement Focus (Continued)
sheets. Their reported fund equity is segregated into contributed capital
and retained earnings components. Proprietary fund type operating
statements present increases (revenue) and decreases (expenses) in net
total assets.
C. Basis of Accounting
Basis of accounting refers to when revenue and expenditures/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.
Governmental funds are accounted for using the modified accrual basis of
accounting. Their revenues are recognized when they become measureable and
available. Substantially all sources of revenue are accrued except
interest on special assessments receivable, which is recognized when due.
Expenditures are generally recognized under the modified accrual basis of
accounting when the related fund liability is incurred, except principal
and interest on general long-term debt which is recognized when due.
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.
D. Budgets and Budgetary Accounting
The City follows these procedures in establishing the budgetary data
reflected 1n the financial statements:
Prior to January 1, the budget is adopted by the City Council.
Formal budgetary integration is employed as a management control device
during the year for the General and Special Revenue funds. Formal
budgetary integration is not employed for other funds.
Budgets for the General and Special Revenue funds, are adopted on a
basis consistent with generally accepted accounting principles.
Budgeted amounts are as originally adopted, or as amended.
Budget appropriations lapse at year end.
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13
CITY OF ANDOVER,MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1984
Note 1 - Summary of Significant Accountin~ Policies (Continued)
E. Assets and Liabilities
Cash and temporary investments - Cash available, in excess of immediate
needs, is invested temporarily in s,avings accounts, savings certificates
and short-term government obligations. Temporary investments are stated at
cost. which approximates market.
Property Taxes - Property taxes are set by the City Council with the levy
certified to the County, which acts as collection agent, in October prior
to the year collectible. Such taxes constitute a lien on the property on
January 1 of the year collectible.
Allowances have been provided for all taxes receivable which were not paid
by December 31 and remitted to the City within 60 days of year end except
when remittances were legally held by the County beyond this date and were
measurable.
Assessments receivable - Special assessments are levied against the
benefited properties for the assessable costs of special assessment
improvement projects in accordance with State Statutes. The City usually
adopts the assessment rolls when the individual projects are complete or
substantially complete. The assessments are collectible over a term of
years generally consistent with the term of years of the related bond
issue. collection of annual installments (including interest) is handled
by the County in the same manner as property taxes. Property owners are
allowed to prepay total future installments without interest or prepayment
penalties.
Special assessments receivable include the following components:
Delinquent - amounts billed to property owners but not paid.
Deferred - assessment installments which will be billed to
property owners in future years.
Other - assessments for which payment has been delayed based on
State Statutes or Council action.
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 were expensed when
purchased.
14
CITY OF ANDOVER. MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31, 1984
Note 1 - Summary of Significant Accounting Policies (Continued)
E. Assets and Liabilities (Continued)
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.
Depreciation of exhaustible fixed assets used by proprietary funds is
charged as expense against their operations. Accumulated depreciation is
reported on proprietary fund balance sheets. Depreciation has been
provided over the estimated useful lives using the straight-line method.
The estimated useful lives are as follows:
Collection and distribution systems
}lachinery
Furniture and equipment
50 years
20 years
3-15 years
Accrued liabilities include unpaid vacation pay for
Expense is recognized when the liability is accrued
types. The liability for the governmental funds is
Long-term Debt Account Group.
all City employees.
in the proprietary fund
recorded in the General
F. Revenue, Expenditures and Expenses
Property tax revenue is recorded when it becomes measureable and available
to finance expenditures of the current fiscal year. All delinquent taxes
receivable are completely offset by an allowance for uncollectible property
taxes.
The principal and interest on special assessments is recognized as revenue
in the year collected. Both the principal and interest on special
assessments are payable in installments over a term of years that matches
the scheduled payments for the bond issue which financed the project. All
delinquent assessments receivable are completely offset by an allowance for
uncollected assessments.
Interest on investments is recorded as revenue in the period earned.
State aids are recorded as revenue when allocations are made by a statutory
formula.
Entitlements for General Revenue Sharing are recorded as revenue for the
period of the allocation.
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15
CITY OF ANDOVER. MINN~SOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31. 1984
Note 1 - Summary of Significant Accounting Policies (Continued)
F. Revenues, Expenditures and Expenses
Certain grants received by the City require that eligible expenditures be
made in order to earn the grant. Revenue for these grants is recorded in
the period in which eligible expenditures are made.
Utility service charges are recognized when earned. Unbil1ed utility
service charges are included in receivables at year end.
Interest on bonded indebtedness is recorded as an expenditure when paid in
the governmental fund types and is recorded as an expense when as in the
proprietary fund types.
G. Total Columns on Combined Statements
Total columns on the combined statements 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 accounting principles. Interfund eliminations have not been made
in the aggregation of this data.
H. Comparative Data
Comparative data for the prior year has been presented to provide an
understanding of changes in the City's financial position and operation.
Certain 1983 amounts have been restated to conform to the 1984 presentation.
Note 2 - Expenditures in Excess of Appropriations
Expenditures and other uses of the General Fund exceeded the budget by $29,053.
Revenues and other sources were in excess of the budget estimate by $172,292.
Expenditures and other uses of the Special Revenue Fund-Revenue Sharing Fund
exceeded the budget by $18. Revenues were in excess of the budget estimate by
$18.
16
CITY OF ANDOVER. MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31. 1984
Note 3 - Fund Deficits
Special Assessment Funds
The December 31, 1984 fund balance (deficit) of the various special assessment
funds were as follows:
Reserved for Reserved for Unreserved
Fund construction debt service undesignated Total
75-1 $( 447,206 ) $( 447,206 )
75-2 $11,028 11,028
76-1 ( 164,605) ( 164,605)
77-1 ( 131,628) ( 131,628)
78-1 ( 118,630) ( 118,630)
79-1 ( 129,384) ( 129,384)
79-2/80-1 ( 260,573) ( 260,573)
80-1 ( 14,706) ( 14,706)
80-3, 4/82-7 (2,096,582) (2,096,582)
81-1 ( 65,666) ( 65,666)
81-2 ( 81,921) ( 81,921)
83-2, 2A, 3 ( 831,243) ( 831,243)
83-5, 6, 8 $11,344 ( 145,918) ( 134,574)
84-5, 6, 7 & 12 35,225 ( 383,446) ( 348,221)
Water trunk 41.647 41.647
$46.569 $ 11,028 $(4.829.861) $(4.772.264)
The deficits arise primarily due to the accounting treatment of assessments
receivable. Generally accepted accounting principles require that the assessment
receivable not be reflected as revenue until collected.
Note 4 - Due from Other Governmental Units
The amounts due from other governmental units at December 31, 1984 is composed of
the following:
General Fund
Anoka County
Capital projects
Park Fund - park grant
$22,797
6,900
$29.697
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17
CITY OF ANDOVER. MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31. 1984
Note 5 - Proprietary Fund Types Property and Equipment
A summary of proprietary fund types property and equipment at December 31, 1984
fo11o~vs:
Furniture and equipment
Nachinery
Collection and distribution
systems
Less accumulated depreciation
Note 6 - Changes in General Fixed Assets
Water ~ Total
$ 2,629 $ 3,366 $ 5,995
190,832 190,832
686.882 4.569 .152 5.256.034
$880,343 $4,572,518 $5,452,861
(60.207) ( 542.154) ( 602,361)
$820,136 $4,030,364 $4,850.500
A summary of changes in general fixed assets during the year follows:
Balance
January 1
Land and improvements
Buildings and improvements
Furniture and equipment
Machinery and automotive
equipment
$ 98,103
564,146
78,208
387,758
$1,128,215
Note 7 - Long-term Debt
Additions Disposals
Balance
December 31
$ 42,844
325
1,295
$ 140,947
564,471
79,503
137,670
$182,134
$(4,416)
~(4,416)
521,012
$1,305,933
The following is a summary of bond transactions of the City for the year ended
December 31, 1984:
General Special
obligation asses sment Total
Bond payable January 1 $ 468,000 $9,615,900 $10,083,900
New bonds issued 510,000 510,000
Bonds retired (101 ,000) ( 324,800) ( 425,800)
Bond payable December 31 $ 877.000 $9.291.100 $10,168 ,100
18
CITY OF ANDOVER. MINNESOTA
NOTES TO FINANCIAL STAT~ffiNTS (CONTINUED)
DECEMBER 31. 1984
Note 7 - Long-term Debt (Continued)
Bonds payable at December 31, 1984 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 5.70i~ $245,000
$40,000 1980 certificate of Indebtedness due in annual installments of
$8,000 through April 1, 1985; interest at 7.00% 8,000
$150,000 Certificates of Indebtedness due in annual installments
of $30,000 through December 31, 1987; interest at 8.00% 90,000
$30,000 Certificates of Indebtedness due in annual installments
of $6,000 through October 1, 1988; interest at 7.50% 24.000
$510.000 Certificates of Indebtedness due in annual installments
of $50,000 through September 1, 1994; interest at 6.75% to 9.00%
510.000
$ 877.000
Special assessment bonds
$46,000 Improvement Bonds of 1975 due in annual installments
of $4.600 through September 1. 1986; interest at 6.50%
$
9.200
$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%
1.260.000
$56.000 Improvement Bonds of 1976 due in annual installments
of $2.800 through November 1, 1996; interest at 5.50% to 6.75%
33,600
$1,215,000 General Obligation Improvement Bonds of 1977 due in
varying annual installments through January 1, 2006, interest
at 5.00%
1.060.000
$780.000 General Obligation Improvement Bonds of 1977 due in
varying annual installments through February 1, 1998;
interest at 5.25% to 5.50%
635.000
$270.000 General Obligation Improvement Bonds of 1978 due in
varying annual installments through February 1, 1999; interest
at 5.50% to 6.00 %
225,000
$270,000 General Obligation Improvement Bonds of 1979 due in
varying annual installments through February 1, 1995; interest
at 6.50%
225.000
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19
CITY OF ANDOVER. MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTI~~ED)
DECE}ffiER 31. 1984
Note 7 - Long-term Debt (Continued)
Special assessment bonds (continued):
$430,000 General Obligation Improvement Bonds of 1989 due in
varying annual installments through February I, 1991; interest
at 6.20% to 6.90%
$ 345,000
$98,000 General Obligation Bonds of 1980 due in annual installment
of $4,900 through February I, 2001; interest at 7.00%
$4,365,000 General Obligation Improvement Bonds of 1980 due in
varying annual installments through February I, 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%
83,300
4,155,000
105,000
$175,000 General Obligation Improvement Bonds of 1983 due
October I, 1986; interest at 7.00%
1.015.000
$9.291.100
The annual requirements to amortize all debt outstanding as of December 31, 1984,
including interest payments of $6,186,253 are as follows:
Special General
assessment obligation Total
1985 $1,027,878 $ 201,055 $ 1,228,933
1986 2,046,604 183,985 2,230,589
1987 952,547 179,928 1,132,475
1988 957,349 145,501 1,102,850
1989 949,923 127,375 1,077,298
1990-1994 4,445,084 329,350 4,774;434
1995-1999 3,361,077 3,361,077
2000-2005 1.446 .697 1,446 .697
$15,187.159 $1,167 .194 $16 .354.353
$112,322 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.
20
CITY OF ANDOVER. MINNESOTA
NOTES TO FINANCIAL STATEMENTS ~CONTINUED)
DECEMBER 31. 1984
Note 8 - Long-term Payab1es
Included in the General Long-term Debt Account Group are the following long-term
payab1es:
1. Payable of $23,562 to the Metropolitan Waste Control Commission, with
interest at 5.369% per annum.
Principal Interest Total
1985 $ 3,035 $1,265 $ 4,300
1986 3,035 1,265 4,300
1987 3,370 1,102 4,300
1988 3,550 750 4,300
1989-1991 10.409 1.063 11.472
$23,562 $5,110 $28,672
2. Installment contract of $5,366 for equipment purchase with interest at
18.57% per annum.
Principal Interest Total
1985 $ 2,313 $ 807 $ 3,120
1986 2,797 323 3,120
1987 256 4 260
$ 5,366 $1.134 $ 6,500
3. Special assessments on City property of $95,l60 is payable in varying
amounts at annual interest rates of 6.25% to 10.7% through 2001.
4. Contract for land acquisition of $22,000 payable in one installment of
$22,000 in 1985 with interest at 9.00% per annum.
Note 9 - Interfund Receivables/Payables
Receivable Payable
Special assessment - 1980-3 Bonds Fund $180,000
Special assessment - 1983-5 Bonds Fund $ 99,000
Special assessment - 1983-6 Bonds Fund 45,000
Special asses sment - 1983-8 Bonds Fund 36,000
$180,000 $180,000
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21
CITY OF ANDOVER. MINNESOTA
NOTES TO FINANCIAL STATEMENTS (CONTI~~ED)
DECEMBER 31. 1984
Note 10 - Retirement Plan
The City participates in a State-wide contributory pension plan under the Public
Employees' Retirement Association, Minnesota Statutes Chapter 353. which covers all
employees except certain temporary or seasonal employees. The City's contribution
for pension costs, under the State-wide plan was $10.370 for the year ended
December 31. 1984. 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.
The City also participates in the Federal Social Security (FICA) pension plan and
contributed $15.825 for the year ended December 31, 1984.
Note 1l - Segment Information for Enterprise Funds
Segment information for the City's two enterprise funds for the year ended December
31. 1984 is as follows:
Water Sewer Total
Operating revenue $ 47.189 $ 130,727 $ 177,916
Depreciation 19.867 87.671 107,538
Operating loss ( 9.769) ( 64.138) ( 73,907)
Net loss (16,130) ( 62,604) ( 78,734)
Property, plant and equipment
Additions 366.349 403,486 769,835
Net working capital 13 ,309 51,032 64,341
Contributions of plant
and equipment 365,770 403,486 769,256
Total assets 836,357 4,111,593 4.947,950
Equity
Contributed 818,182 4.028,123 4,846.305
Retained earnings
Reserved 5,800 5,800
Unreserved 9,463 57.480 66,943
22
CITY OF ANDOVER, MINNESOTA
,NOTES TO FINANCIAL STATEMENTS (CONTINUED)
DECEMBER 31. 1984
Note 12 - 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, 1984 the collateral pledged by First National Bank of Anoka was below the
statutory requirement.
Note 13 - Contingent Liabilities
The City participates in federally assisted grant programs, principal of which is
the General Revenue Sharing Grant. These programs are subject to program
compliance audits by the grantors or their representatives. The Audits of these
programs for or including the year ended December 31, 1984 have not been
conducted. Accordingly, the City's compliance with applicable grant requirements
will be established at some future date. 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, 1984 AND 1983
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
Total liabilities
Fund balance
Unreserved -Undesignated
Total liabilities and fund balance
23
1984
1983
$ 300 $ 300
538,094 420,364
17,583 2,520
5,908 2,719
30,914 28,158
(30,914) ,(28,158)
514
4,514 1,232
22,797 890
$589,196 $428,539
$ 17,390 $ 9,436
2,052
2,073 2,144
65,192 53,349
68,610 68,866
$153,265 $135,847
$435,931 $292,692
$589,196 $428.539
24
CITY OF ANDOVER, MINNESOTA
GENERAL FUND
STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE - BUDGET AND ACTUAL
YEAR ENDED DECEMBER 31, 1984
(with comparative actual amounts for year ended December 31, 1983)
1984 1983
Budget Actual Actual
Revenue
Taxes $ 388,265 $ 430,949 $ 345,053
Licenses and permits 47,560 102,472, 95,397
Intergovernmental 389,482 403,869 456,578
Charges for services 10,040 14,936 11,672
Fines and forfeits 12,000 6,261 6,726
Other 39,613 102,247 121,817
Total revenue $ 886,960 $1,060,734 $1,037,243
Other sources
Transfers 41,500 40,018 39,109
Total revenue and other sources $ 928,460 $1,100,752 $1,076,352
Expenditures
General government $ 257,547 $ 252,060 $ 250,863
Public safety 289,575 ' 323,011 268,928
Public works 157,880 127,715 137,172
Sanitation 13,151 3,740 21,805
Park and recreation 90,160 145,801 88,621
Other unallocated 37,767 30,476 161,979
Total expenditures $ 846,080 $ 882,803 $ 929,368
Other uses
Transfers to other funds 82,380 74,710 70,440
Total expenditures and other uses $ 928,460 $ 957,513 $ 999,808
Increase in fund balance $ -0- $ 143,239 $ 76,544
Fund balance January 1 292,692 216 , 148
Fund balance December 31 $ 435,931 $ 292,692
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25
GENERAL FUND
SCHEDULE OF REVENUE - BUDGET AND ACTUAL
YEAR ENDED DECEMBER 31, 1984
(with comparative actual amounts for year ended December 31, 1983)
Taxes
General property taxes
Penalties and interest
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Licenses and permits
Business
Non-business
Intergovernmental
Local governmental aid
State credits
CDBG
State highway aid
Insurance premium tax
Charges for services
General government
Public safety
Utility funds
Fines and forfeits
Other
Assessments
Interest on investments
Reimbursement from improvement projects
Administrative charges
Other
Miscellaneous
Insurance claim settlement
Refunds and reimbursements
Revenue collected for other agencies
Escrow
Total revenue
Other sources - Transfers from other funds
Revenue Sharing Fund
Total revenue and other sources
Budget
$ 381,265
7,000
$ 388,265
$ 6,680
40,880
$ 47,560
$ 133,529
224,953
19,000
12,000
$ 389,482
$ 6,040
1,000
3,000
$ 10,040
$ 12 , 000
$ 10,000
6,538
10,000
2,250
5,000
200
5,625
$ 39,613
$ 886,960
41,500
$ 928,460
1984
Actual
$ 419,011
11 ,938
$ 430,949
$ 11,430
91,042
$ 102,472
$ 183,757
180,827
5,970
19,950
13,365
$ 403,869
$ 11,286
925
2,725
$ 14,936
$ 6,261
$ 35,590
6,538
8,485
1,189
12,579'
37,146
720
$ 102,247
$1,060,734
40,018
$1 , 100, 752
1983
Actual
$ 331,490
13 , 563
$, 345,053
$ 14,537
80,860
$ 95,397
$ 125,669
176,733
122,128
19,200
12,848
$ 456,578
$ 8,997
900
1,775
$ 11,672
$ 6,726
$ 26,410
4,508
1,334
2,022
32,352
13,789
25,455
15,947
$ 121,817
$1,037,243
39,109
$1,076,352
25
CITY OF ANDOVER, MINNESOTA �1
GENERAL FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL
YEAR ENDED DECEMBER 31, 1984
(with comparative actual amounts for year ended December 31, 1983)
1984 1983
Budget Actual Actual
General government
Council
Personal services $ 11,436 $ 11,110 $ 10,980
Other services and charges 7,210 5,294 5,078
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$ 18,646 $ 16,404 $ 16,058
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Mayor
Personal services $ 2,889 $ 3,069 $ 2,881
Other services and charges 120 129 126
$ 3,009 $ 3,198 $ 3,007
Elections
Personal services $ 6,000 $ 6,342
Supplies 1,200 376
Other services and charges 47
Capital outlay 400 898
$ 7,600 $ 7,663
Administrative
Personal services $ 36,861 $ 35,222 $ 32,683
Supplies 640 997 990
Other services and charges 1,340 2,121 1,351
Capital outlay 400 1,271 2,119
$ 39,241 $ 39,611 $ 37,143
Financial administration
Personal services $ 6,890 $ 6,516 $ 6,508
Supplies 18
Other services and charges 400 234 380
FRI
$ 7,290 $ 6,949 $ 6,906
Accounting
Personal services $ 19,136 $ 19,788 $ 18,097
Supplies 350 634 981
Other services and charges 275 237 310
Capital outlay 300 169 245
$ 20,061 $ 20,828 $ 19,633
Assessing
Other services and charges $ 19,205 $ 17,279 $ 16,142
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i CITY OF ANDOVER, MINNESOTA
GENERAL FUND
i SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONTINUED
YEAR ENDED DECEMBER 31, 1984
(with comparative actual amounts for year ended December 31, 1983)
1984 1983
i Budget Actual Actual
General government (continued)
i Consulting staff
Auditing $ 7,200 $ 7,200 $ 7,450
Legal 19,850 19,177 19,844
$ 27,050 $ 26,377 $ 27,294
Planning and zoning
Personal services $ 13,919 $ 10,155 $ 10,500
' Supplies 1,850 1,484 1,280
Other services and charges 2,150 1,284 6,985
Capital outlay 300 1,248 1,248
Other 300 345 358
$ 18,519 $ 14,516 $ 20,371
Buildings
' Administration building
Personal services $ 2,730 $ 3,134 $ 2,382
Supplies 5,545 3,584 6,107
Other services and charges 8,770 9,233 9,882
Capital outlay 1,200 1,443 727
$ 18,245 $ 17,394 $ 19,098
i Fire Department building
Supplies $ 4,550 $ 3,499 $ 2,933
Other services and charges 5,600 5,124 3,935
Capital outlay 3,500 2,464 5,597
$ 13,650 $ 11,087 $ 12,465
i Public Works building
Personal services $ 2,576 $ 4,362 $ 6,039
Supplies 4,860 2,933 3,338
i Other services and charges 5,200 4,757 4,174
Capital outlay 3,500 2,479 3,186
$ 16,136 $ 14,531 $ 16,737
i Senior citizen center
Personal services $ 500 $ 158
Supplies 1,850 $ 2,923
Other services and charges 3,000 1,943 902
Capital outlay 700 2,499 2,515
$ 6,050 $ 7,365 $ 3,575
i Total buildings $ 54,081 $ 50,377 $ 51,875
28
CITY OF ANDOVER, MINNESOTA
GENERAL FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONTINUED)
YEAR ENDED DECEMBER 31, 1984
(with comparative actual amounts for year ended December 31, 1983)
Budget
General government (continued)
Engineering - Staff
Personal services
Supp lies
Other services and charges
Capita lout lay
$ 33,635
3,230
1,680
900
$ 39,445
Engineering - Consultant
Other services and charges
$ 3,400
Total general government
$257,547
Public safety
Police protection
Other services and charges
Capital outlay
$134,713
100
$134,813
Fire protection
Personal services
Supplies
Other services and charges
Relief Association
Capita lout lay
$ 32,867
7,000
15,250
17,000
20,650
$ 92,767
Protective inspection
Personal services
Supp lies
Other services and charges
Capital outlay
SAC and surcharges
Other
$ 30,735
2,300
990
8,300
300
$ 42,625
Rescue service
Personal services
Supplies
Other services and charges
Capital outlay
$ 6,170
1,900
3,650
1,100
$ 12,820
-r
1984
Actual
$ 41,391
2,410
852
805
$ 45,458
$ 3,400
$252,060
$127,048
2,458
$129,506
$ 49,661
8,014
16,055
21,584
$ 95,314
$ 32,504
3,460
1,328
9,650
35,149
$ 82,091
$ 4,141
1,442
1,968
1,168
$ 8,719
1983
Actual
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$ 39,678
1,789
1,072
8,486
$ 51,025
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$250,863
$119,828
403
$120,231
$ 20,366
10,941
15,273
16,598
10,404
$ 73,582
$ 28,773
2,866
1,204
934
24,814
182
$ 58,773
$ 5,725
1,640
1,922
$ 9,287
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CITY OF ANDOVER, MINNESOTA
GENERAL FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONTINUED)
YEAR ENDED DECEMBER 31, 1984
(with comparative actual amounts for year ended December 31, 1983)
1984
Budget Actuai
1983
Actual
Public safety (continued)
Animal control
Personal services
Supplies
Other services and charges
$ 43
$ 50 $ 285 249
6,500 7,096 6,763
$ 6,550 $ 7,381 $ 7,055
$289,575 $323,011 $268,928
Total public safety
Public works
Streets and highways
Personal services
Supplies
Other services and charges
Capital outlay
$ 31,745 $ 27,368 $ 27,994
15,250 15,701 18,299
10,720 9,136 7,963
38,500 3,602 21,842
$ 96,215 $ 55,807 $ 76,098
$ 27,921 20,131 $ 22 , 103
14,050 29,594 18,213
6,600 5,447 8,998
500 88 239
$ 49,071 $ 55,260 $ 49,553
$ 5,894 $ 4,948 $ 4,077
1,550 4,662 1,543
100 59 50
4,500 6,208 5,459
$ 12,044 $ 15,877 $ 11,129
$ 550 $ 771 $ 392
$157,880 $127,715 $137,172
Snow and ice removal
Personal services
Supplies
Other services and charges
Capital outlay
Street signs
Personal services
Supplies
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
$ 4,878
2,600
3,000
$ 10,478
$ 1,810
1,133
127
$ 3,070
$ 1,626
1,551
1,308
$ 4,485
-=,
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CITY OF ANDOVER, MINNESOTA
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GENERAL FUND
SCHEDULE OF EXPENDITURES - BUDGET AND ACTUAL (CONTINUED)
YEAR ENDED DECEMBER 31, 1984
(with comparative actual amounts for year ended December 31, 1983)
1984
Budget Actual
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Actual
Sanitation (continued)
Diseased trees
Personal services
Supplies
Other services and charges
Capital outlay
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$ 1,411 $ 513 $ 12,524
660 102 1,684
352 55 3,112
250
$ 2,673 $ 670 $ 17,320
$ 13,151 $ 3,740 $ 21,805
$ 23,136 $ 31,254 $ 18,593
9,800 13,956 8,562
6,860 8,248 5,831
25,343 25,343 23,732
12,621 11,360 11 ,359
12,400 55,640 20,544
$ 90,160 $145,801 $ 88,621
$149,586
$ 4,300 $ 4,229 4,300
6,900 8,394 4,759
3,000 9,802 1,169
8,000 8,051 2,165
15,567
$ 37,767 $ 30,476 $161,979
$846,080 $882,803 $929,368
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Total sanitation
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Parks and recreation
Personal services
Supp lies
Other services and charges
Community education programs
Assessments
Capita lout lay
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Senior Citizen Center
Metropolitan Waste Control Commission
Workers compensation and unemployment
Improvement projects
Misc e llaneous
Contingency
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Total expenditures
Other uses
Transfers to other funds
1979 Certificate of Indebtedness Fund
1980 Certificate of Indebtedness Fund
1982 Certificate of Indebtedness Fund
1979 Equipment Fund
1982 Equipment Fund
1983 Equipment Fund
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$ 19,040
$ 8,840 9,400
42,000
18,020
39,600
8,250
$ 82,380 $ 74,710 $ 70,440
$928,460 $957,513 $999,808
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CITY OF ANDOVER, MINNESOTA
SPECIAL REVENUE FUND - REVENUE SHARING FUND
COMPARATIVE BALANCE SHEET
DECEMBER 31, 1984 AND 1983
1984
1983
ASSET
Cash and temporary investments
$ -0-
$ -0-
FUND BALANCE
Fund balance
Unreserved - Undesignated
$
$
-0-
-0-
STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE - BUDGET AND ACTUAL
YEAR ENDED DECEMBER 31, 1984
(with comparative actual amounts for year ended December 31, 1983)
1984 1983
!ludge t Actual Actual
Revenue
Federal grant $ 41,000 $ 39,543 $ 38,511
Interest on investments 500 475 563
Total revenue $ 41,500 $ 40,018 $ 39,074
Expenditures
Other charges and services ~ 11
Other uses
Transfer to General Fund $ 41,500 $ 40,018 39,109
Total expenditures and other uses $ 41,500 $ 40,018 $ 39,120
Increase (dec rea se) in fund balance $ -0- $ -0- $( 46)
Fund balance January 1 -0- 46
Fund balance December 31 $ -0- $ -0-
,
32
ASSETS
CITY OF ANDOVER, MINNESOTA
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1984
(with comparative totals for December 31, 1983)
Cash and temporary investments
Accured interest receivable
Taxes receivable
Unremitted
De linquent
Allowance for delinquent taxes
Total assets
FUND BALANCE
Fund balance -Reserved for
debt service
---=--1- ,-
1978 G.O.
Bonds
$106,546
4,557
622
3,275
( 3,275)
$111,725
$111,725
1980
Certificate
of
Indebtedness
$
441
156
$
597
$
597
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1984 1983
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$106,987
4,713
622
3,275
( 3,275)
$112,322
$112,322
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$ 96,300
799
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322
3,693
( 3,693)
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$ 97,421
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$ 97,421
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DEBT SERVICE FUNDS
COMBINING STATEMENT OF REVENUE; EXPENDITURES AND FUND BALANCE
YEAR ENDED DECEMBER 31, 1984
(with comparative totals for year ended December 31, 1983)
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CITY OF ANDOVER, MINNESOTA
CAPITAL PROJECTS FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1984
(with comparative totals for December 31, 1983)
ASSETS
Cash and temporary investments
Accrued interest receivable
Due from other governmental units
Total assets
LIABILITIES AND FUND BALANCE
Liabilities
Cash deficit
Accounts payable
Contracts payable
Total liabilities
Fund balance
Reserved for equipment
Reserved for construction
Unreserved - Undesignated
Total fund balance
Total liabilities and fund balance
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Equipment ~
$ 7,527
288
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$ 7,815
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$ 7,815
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$ 7,815
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1982 1983 State Totals
Equipment Equipment Park Aid 1984 1983
' $ 5,899 $ 3,737 $ 7,103 $ 67,730 $ 91,996 $ 78,841
89 155 134 15,983 16,649 615
6,900 6,900 116,972
., $ 5,988 $ 3,892 $ 14,137 $ 83,713 $115,545 $196,428
$ 91,54E
$ 5,267 $ 5,267 1,860
2,375 2,375 15,919
$ 7,642 $ 7,642 $109,327
t $ 29,500
$ 5,988 745
' $ 3,892 $ 14,137 $ 76,071 $107,903 56,856
$ 5,988 $ 3,892 $ 14,137 $ 76,071 $107,903 $ 87,101
$ 5,988 $ 3,892 $ 14,137 $ 83,713 $115,545 $196,428
36
CITY OF ANDOVER, MINNESOTA
CAPITAL PROJECTS FUNDS
COMBINING STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE
YEAR ENDED DECEMBER 31, 1984
(with comparative totals for year ended December 31, 1983)
Revenue
State aid and grants
Park dedication fees
Interest on investments
Other
Total revenue
Other sources
Bond proceeds
Transfers from General Fund
Total revenue and other sources
Expenditures
Capital outlay
Net increase (decrease) in fund balance
Fund balance January 1
Fund balance December 31
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1982 1983 State
I Equipment Equipment Park Aid
I $236,642
$ 2,500 $ 15,250
$ 215 775 1,071 22,157
I 418
$ 215 $ 3,275 $ 16,739 $258,799
I $503,851
39,600 8,250
I $ 39,815 $ 11,525 $ 16,739 $762,650
I $ 39,600 $ 38,115 $ 42,843 $687,324
$ 215 $(26,590) $(26,104) $ 75,326
I 5,773 30,482 40,241 745
$ 5,988 $ 3,892 $ 14,137 $ 76,071
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Totals
1984 1983
$236,642 $ 308,088
17,750 11 , 170
24,960 18,515
418 182
$279,770 $ 337,955
$503,851
65,870 30,000
$849,491 $367,955
$828,689 $ 547,446'
$ 20,802 $(179,491)
87,101 266,592
$107,903 $ 87,101
38
CITY OF ANDOVER, MINNESOTA
SPECIAL ASSESSMENT FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1984
(with comparative totals for December 31, 1983)
382 348 458
4,385 3,038 22,765
436,970 5,808 573,885
( 4,385) ( 3,038) ( 22,765)
$1,049,764 $ 26,036 $1,702,880
75-1
ASSETS
Cash and temporary investments
Accrued interest receivable
Taxes receivable
Unremitted
De linquent
Special assessments receivable
Unremitted
Delinquent
Deferred
Allowance for uncollected receivables
Due from other funds
$ 588,049
24,363
Total assets
LIABILITIES AND FUND BALANCE
Liabilities
Accounts payable
Contracts payable
Due to other funds
Deposits payable
Deferred revenue
Bonds payable
Total liabilities
$ 436,970
1,060,000
$1,496,970
Fund balance (deficit)
Reserved for construction
Reserved for debt service
Unreserved - Undesignated
Total fund balance
$( 447,206)
$( 447,206)
Total liabilities and
fund balance
.ll....949,764
r--c--
Improvement Projects
75-2 76-1
$
19,191
689
$1,087,503
41,034
$
$
5,808
9,200
15,008
$ 573,885
1,293,600
$1,867,485
$
11,028
$( 164,605)
$( 164,605)
$
11 ,028
$
26,036
11. 702,880
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Improvement Projects
' 77 -1 78 -1 79 -1 79- 2/80 -1 80 -2
' $ 484,708 $ 102,382 $ 92,107 $ 81,415 $ 65,985
18,272 3,712 3,290 2,445 2,467
392 276 219 567 142
10,011 634 5,990 7,754 2,291
287,088 143,913 147,645 269,072 33,634
( 10,011) ( 634) ( 5,990) ( 7,754) ( 2,291)
790,460 $ 250,283 $ 243,261 $ 353,499 102,228
$ 287,088 $ 143,913 $ 147,645 $ 269,072 $ 33,634
' 635,000 225,000 225,000 345,000 83,300
$ 922,088 $ 368,913 $ 372,645 $ 614,072 $ 116,934
$( 131,628 $( 118,630 $( 129,384 $( 260,57 $( 14,706
$( 131,628 $( 118,630 $( 129,3 $( 260,573 $( 14,706
' $ 790,460 $ 250,283 $ 243,261 $ 353,499 $ 102,228
40
CITY OF ANDOVER, MINNESOTA
SPECIAL ASSESSMENT FUNDS
COMBINING BALANCE SHEET (CONTINUED)
DECEMBER 31, 1984
(with comparative totals for December 31, 1983)
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130-3,4/82-7
Improvement Projects
81-2
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ASSETS
Cash and temporary investments
Accrued interest receivable
Taxes receivable
Unremitted
De linquent
Special assessments receivable
Unremitted
De linquent
Deferred
Allowance for uncollected receivables
Due from other funds
$ 1,842,901 $
66,998
l.,673
94,634
2,497,856
( 94,634) (
180,000
Total assets
$ 4,592.428 $
LIABILITIES AND FUND BALANCE
Liabilities
Cash deficit
Accounts payable
Contracts payable
Due to other funds
Deposits payable
Deferred revenue
Bonds payable
Total liabilities
$ 36,154
2,497,856 $
4,155,000
$ 6,689,010 $
Fund balance (deficit)
Reserved for construction
Reserved for debt service
Unreserved - Undesignated
Total fund balance
$(2,096,582) $(
$(2,096,582) $(
Total liabilities and
fund balance
$ 4,592u,428' $
-----ci
81-1
38,045
1,289
3,518
74,721
3,518)
114,055
74,721
105,000
179,721
65,666)
65,666)
114,055
$ 56,323
1,756
w
5,145
110,862
( 5,145)
m
w
m
c
c
c
$ 168,941
$ 110,862
140,000
$ -250,862
c
c
c
c
c
c
c
$( 81,921)
$( 81,921)
$ 168,941
I 41
I
I
-- Improvement Projects
84-5,6, Water Totals
I 83-2, 2A, 3 83-5, 6,8 7 & 12 Trunk 1984 1983
I $ 317,985 $ 49,801 $41,647 $ 4,868,042 $ 4,768,520
11,848 2,534 $ 1,223 181,920 39,847
I 21
147
I 644 8,101 5,394
3,460 163,625 137,238
897,813 175,524 291,565 5,946,356 5,229,132
( 3,460) ( 163,625) ( 137,385)
I 180,000 200,000
$ 1,227,646 $ 228,503 .L292,788 $41,647 $11,184,419 $10,242,914
I
I $ 326,171 $ 326,171
$ 152 1,000 1,152 $ 8,936
I 7,401 10,274 17,675 66,243
180,000 180,000 200,000
$ 146,076 12,000 194,230 182,229
I 897,813 175,524 291,564 5,946,355 5,249,013
1,015,000 9,291,100 9,615,900
$ 2,058,889 $ 363,077 $ 641,009 $15,956,683 $15,322,321
I $ 11 ,344 $ 35,225 $ 46,569 $ 65,194
1'1,028 5,629
I $( 831,243) (145,918) (383,446 ) $41,647 (4,829,861) (5,150,230)
$( 831,243) $( 134,574) $ (348,221) $41,647 $(4,772,264) $(5,079,407)
I $ 1,227,646 L228,503 $(292,788) $41,647 $11,184,419 il0,242,914
I
I
I
42
CITY OF ANDOVER, MINNESOTA
SPECIAL ASSESSMENT FUNDS
COMBINING STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE
YEAR ENDED DECEMBER 31, 1984
(with comparative totals for year ended December 31, 1983)
Revenue
General property taxes
State credits
Forfeited tax sale
Special assessments
Unit connection charges
Interest
Reimbursements from other funds
Miscellaneous
Total revenue
Other sources
Transfers from other funds
Total revenue and other sources
Expenditures
Construction costs
Reimbursements to other funds
Interest and fiscal charges
Total expenditures
Other uses
Transfers from other funds
Total expenditures and other uses
Increase (decrease) in fund balance
Fund balance (deficit) January 1
Fund balance (deficit) December 31
--1-'-
--
75-1
$ 55,174
58,341
$ 113.515
$ 113,515
$ 54,250
$ 54,250
$ 54,250
$ 59,265
(506,471 )
$(447,206)
D
c
c
c
Improvement Proiects
75-2 76-1
$
4,532
1,764
$
6,296
$
6,296
$
$
897
897
$
$
897
5,399
5,629
$ 11,028
e-
$ 1,363
c
109,418
c
97,232
2,105
$ 210,118
~
$ 210,118
c
c
$ 87,428
$ 87,428
c
$ 87,428
~
$ 122,690
(287,295)
~
C
$(164,605)
~
~
~
m
~
I 43
I
I
I
rovement Pro'ects
77-1 79-1 79-2/80-1 80-2 80-3, 4/82-7
I $ 584
I $ 60,096 $ 25,484 $ 27,219 64,497 $ 9,555 $ 449,438
42,865 8,486 7,463 4,580 5,841 170,843,
I 297
$ 102,961 $ 33,970 $ 34,682 $ 69,661 $ 15,396 $ 620,578
I 7,500
$ 102,961 $ 33,970 $ 34,682 $ 69,661 $ 15,396 $ 628,078
I $ 10,032
$ 34,641 $ 13,329 $ 15,163 $ 23,865 $ 6,003 368,497
I $ 34,641 $ 13,329 $ 15,163 $ 23,865 $ 6,003 $ 378,529
I $ 34,641 ,$ 13,329 $ 15,163 $ 23,865 $ 6,003 $ 378,529
$ 68,320 $ 20,641 $ 19,519 $ 45,796 $ 9,393 $ 249,549
I (199,948) (139,271) (148,903) 006,369) ( 24,099) (2,346,131)
$(131,628) $(118,630) $(129,384) $(260,573) $( 14,706) $(2,096,582)
I
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I
44
CITY OF ANDOVER, MINNESOTA
SPECIAL ASSESSMENT FUNDS
COMBINING STATEMENT OF REVENUE, EXPENDITURES AND FUND BALANCE (CONTINUED)
YEAR ENDED DECEMBER 31, 1984
(with comparative totals for year ended December 31, 1983)
m
~
m
w
Improvement Projects ~__
81-1
81-2
Revenue
General property taxes
State credits
Forfeited tax sale
Special assessments
Unit connection charges
Interest
Reimbursements from other funds
Miscellaneous
Total revenue
Other sources
Transfers from other funds
Total revenue and other sources
$ 22,725
$ 33,423
3,339
3,762
$ 26,064
$ 37,185
$ 37,185
$ 26,064
Expenditures
Construction costs
Reimbursements to other funds
Interest and fiscal charges
Total expenditures
Other uses
Transfers to other funds
Total expenditures and other uses
$ 11 ,887 $ 16,341
$ 11,887 $ 16,341
$ 11,887 $ 16,341
$ 14,177 $ 20,844
$(79,843) $(102,765)
$(65,666) $ ( 81,921)
Increase (decrease) in fund balance
Fund balance (deficit) January 1
Fund balance (deficit) December 31
~. --<=-----
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~
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~
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45
_ � Improvement Projects
84 -5, 6, Water Totals
83 -2, 2A,3 83 -5, 6, 8 7 & 12 Trunk 1984 1983
1
' $ 1,947 $ 2,746
1,493
2,564
$ 164,670 $ 48,048 $ 16,616 1,090,895 1
' 34,211 7,499 12826 448,052 354,672
' 11,136 13,538 3
$ 198,881 $ 55,547 $ 29,578 $ 1,554,432
$ 1,511,170
$41,647 49,147 7,500
' $ 198,881 $ 55,547 $ 29,578 $41,647 $ 1
$ 1,518,670
' $ 172,122 $ 33,132 $ 322,537
$ 537,823 $ 986,962
11,484 11,484
71,050 2,131 705,482 655,347
$ 243,172 $ 33,132 T336,152
$ 1,254,789 $ 1
41,647 41,647 11,980
$ 243,172 $ 33,132 $ 377,799 $ -0- $ 1,296,436
$ 1,654,.289
' $( 44,291) $ 22 $(348,221) $41,647 $ 307,143 $( 135,619)
' _ (786,952 ) (156,989 -0- -0- (5,079,407 (4,943,788
$(831,243 $(134,574 _$(348,221 41 647 $(4,772,264 $(52079,407
c
~
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46
CITY OF ANDOVER, MINNESOTA
ALL PROPRIETARY FUND TYPES - ENTERPRISE FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 1984
(with comparative totals for December 31, 1983)
ASSETS
Current assets
Cash and temporary investments
Accrued interest receivable
Accounts receivable
Special assessments receivable
Prepaid expense
Inventory
Property and equipment
Furniture and equipment
Machinery
Collection and distribution
systems
Less accumulated depreciation
Other assets
Special assessments receivable
Total assets
LIABILITIES AND FUND EQUITY
Current liabilities
Cash deficit
Accounts payable
Accrued expenses
Due to other governmental units
Total current liabilities
Other liability
Deferred revenue - Connection
charges
Fund equity
Retained earnings
Reserved for equipment
Unreserved - Undesignated
Contributed
Total fund equity
Total liabilities and
fund equity
----=- I
--
-,
Water
Sewer
Totals
1984 1983
c
m
m
~
$ 10,638 $ 10,638
645 $ 778 1,423
2,237 49,158 51,395
275 275
6,459 6,459
2,701 2,701
$ 16,221 $ 56,670 $ 72,891
$ 6,484
278
32,170
525
7,267
5,517
$ 52,241
~
$ 2,629 $ 3,366 $ 5,995 $ 5,416
190,832 190,832 190,832
686,882 4,569,152 5,256,034 4,486,778
$880,343 $4,572,518 $5,452,861 $4,683,026
(60,207) ( 542,154) ( 602,361) ( 494,823)
$820,136 $4,030,364 $4,850,500 $4,188,203
~
~,
~
c
c
c
~
$ 24,559
$ 24,559
$ 24,828
$836,357
$4,111,593
$4,947,950
~~
$ 277
277 $ 4,590
2,093 6,062
1,756 694
46
4,126 $ 11,392
$
'$ 2,093
819
937
$
$ 1,214
$ 2,912
c
c
$ 24,776
$ 24,776
$ 25,353
$ 5,800 $ 5,800 $ 2,500
9,463 $ 57,480 66,943 42,009
$ 15,263 $ 57,480 $ 72,743 $ 44,509
818,182 4,028,123 4,846,305 4,184,018
$833,445 $4,085,603 $4,919,048 $4,228,527
~
~
c
$836,357
$4,111 , 593
$4,947,950
$4.265,272
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CITY OF ANDOVER, MINNESOTA
47
ALL PROPRIETARY FUND TYPES - ENTERPRISE FUNDS
COMBINING STATEMENT OF REVENUE, EXPENSE AND RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1984
(with comparative totals for year ended December 31, 1983)
Operating revenue
User charges
Connection charges
Meters
Penalties
Other
Operating expense (excluding
depreciation)
Personal services
Supp lies
Other services and charges
Disposal 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 from special assessment
funds
Transfer to special assessment
funds
Net loss
Disposition of net loss
Net loss
Add credit from transfer of
depreciation to contributions
in and to contruction
Income transferred to retained
earnings
Retained earnings January 1
Retained earnings December 31
Totals
Water Sewer 1984 1983
$ 14,603 $107,886 $122,489 $101,825
29,156 10,239 39,395 18,493
3,080 3,080 1,300
300 2,186 2,486 1,473
50 10,416 , 10,466 285
$ 47,189 $130,727 $177,916 $123,376
$ 18,258 $ 11 ,387 $ 29,645 $ 27,987
6,645 2,007 8,652 6,274
12,188 14,735 26,923 16,681
79,065 79,065 68,153
$ 37,091 $107,194 $144,285 $119,095
$ 10,098 $ 23,533 $ 33,631, $ 4,281
$ 245 $ 325 $ 570 $ 504
19,622 87,346 106,968 99,277
$ 19,867 $ 87,671 $107,538 $ 99,781
$( 9,769) $(64,138) $(73,907) $(95,500)
$ 1,139 $ 1,534 $ 2,673 $ 2,698
11 ,980
( 7,500) ( 7,500) ( 7,500)
$( 6,361) $ 1,534 $( 4,827) $ 7,178
$(16,130) $(62,604) ~734) $(88,322)
$(16,130) $(62,604) $(78,734) $(88,322)
19,622 87,346 106,968 99,277
$ 3,492 $ 24,742 $ 28,234 $ 10,955
11,771 32,738 44,509 33,554
$ 15,263 $ 57,480 $ 72,743 $ 44,509
=
r
48
~
~
CITY OF ANDOVER, MINNESOTA
c
c
ALL PROPRIETARY FUND TYPES - ENTERPRISE FUNDS
COMBINING STATEMENT OF CHANGES IN FINANCIAL POSITION
YEAR ENDED DECEMBER 31, 1984
(with comparative totals for year ended December 31, 1983)
!II'
I.Iij
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~
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~
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..
t! I
ill
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c
Elements of change in working capital
Cash and temporary investments $ 4,154 $ 4,313 $ 8,467 $( 9,152)
Accrued interest receivable 545 600 1,145 ( 230)
Accounts receivable 346 14,455 14,801 8,582
Special assessment receivable ( 250) ( 250) 525
Prepaid expenses ( 808) ( 808) ( 807)
Due to other funds 8,074
Inventory ( 2,816) ( 2,816) 3,267
Accounts payable 1,562 2,407 3,969 ( 5,194)
Due to other governmental un its 26 20 46 6,320
Accrued expenses ( 659) ( 403) ( 1,062) 25
Increase in working capital $ 3,158 $ 20,334 $ 23,492 $ 11,410
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--T-
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CITY OF ANDOVER, MINNESOTA
HATER FUND
COMPARATIVE BALANCE SHEET
DECEMBER 31, 1984 AND 1983
ASSETS
Current assets
Cash and temporary investments
Accrued interest receivable
Accounts receivable
Inventory
I
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I
I
I
I
I
I
I
I
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
Total liabilities
Fund equity
Contributed
"
Retained earnings
Reserved for equipment
Unreserved - Undesignated
Total fund equity
Total liabilities and fund equity
49
1984
1983
$ 10,638 $ 6,484
645 100
2,237 1,891
2,701 5,517
$ 16,221 $ 13,992
$ 2,629 $ 2,050
190,832 190,832
686,882 321,112
$880,343 $513,994
60,207 40 ,340
$820,136 $473,654
$836,357 $487,646
$ 2,093 $ 3,655
26
819 160
$ 2,912 $ 3,841
$818,182 $472,034
$ 5,800 $ 2,500
9,463 9,271
$ 15,263 $ 11,771
$833,445 $483,805
$836,357 $487,646
50
CITY OF ANDOVER, MINNESOTA
COMPARATIVE
"lATER FUND
STATEMENT OF REVENUE, EXPENSE AND RETAINED EARNINGS
YEARS ENDED DECEMBER 31, 1984 AND 1983
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
Disposition of net loss
Net loss
Add credit from transfer of depreciation
to contributions in aid to construction
Income (loss) transferred to retained earnings
Retained earnings, January 1
Retained earnings, December 31
-r--~.-'---c
1984
$ 14,603
29,156
350
3,080
$ 47,189
$ 18,258
6,645
12,188
$ 37,091
$ 10,098
$ 245
19,622
$ 19,867
$( 9,769)
$ 1,139
( 7,500)
$( 6,361)
$(16,130)
$(16,130)
19,622
$ 3,492
11,771
$ 15,263
Ci
c
1983
c
c
m
m
$ 11,880
15,020
213
1,300
$ 28,413
$ 15,325
3,765
7,382
$ 26,472
~
$ 1,941
c
~
C
~
$ 187
15,964
$ 16,151
$(14,210)
$ 1,080
( 7,500)
$( 6,420)
$(20,630)'
~
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c
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c
c
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$(20,630)
15,964
$( 4,666)
16,437
$ 11,771
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51
CITY OF ANDOVER, MINNESOTA
WATER FUND
COMPARATIVE STATEMENT OF CHANGES
YEARS ENDED DECEMBER 31,
IN FINANCIAL POSITION
1984 AND 1983
1984
1983
Sources of working capital
Operations
Net loss
Item not requlrlng working capital
Depreciation
$(16,130)
19,867
$ 3,737
Contribution of property
365,770
$369,507
Uses of working capital
Operations
Net loss
Item not requlrlng working capital
Depreciation
$ 20,630
(16,151)
$ 4,479
Acquisition of property and equipment
$366,349
$366,349
486
$ 4,965
Increase (decrease) inworking capital
$ 3,158
$( 4,965)
Elements of change in working capital
Cash and temporary investments $ 4,154 $( 5,891)
Accrued interest receivable 545 ( 272)
Accounts receivable 346 551
Inventory ( 2,816) 3,267
Accounts payable 1,562 ( 2,942)
Due to other governmental units 26 ( 26)
Accrued expenses ( 659) 348
Increase (decrease) in working capital ~ 3,158 $( 4,965)
;;=
52
CITY OF ANDOVER, MINNESOTA
SEWER FUND
COMPARATIVE BALANCE SHEET
DECEMBER 31, 1984 AND 1983
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 governmental units
Other liability
Deferred revenue - Connection charges
Fund equity
Contributed
Retained earnings - Unreserved - Undesignated
Total liabilities and fund equity
--r
c
m
c
1984
1983
Restated
c
~
$ 778 $ 178
44,734 30,279
275 525
6,459 7,267
$ 52,246 $ 38,249
$ 3,366 $ 3,366
$4,569,152 $4,165,666
$4,572,518 $4,169,032
542,154 454,483
$4,030,364 $3,714,549
$ 28,983 $ 24;828
$4,111,593 $3,777,626
~
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c
c
c
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$
$
4,590
2,407
534
20
7,551
c
c
c
277
937
$
$
1,214
$
24,776
$
25,353
$4,028,123
57,480
$4,085,603
$3.711,984
32,738
$3,744,722
c
m
$4,111,593
$3,777,626
~
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I
CITY OF ANDOVER, MINNESOTA
SEHER FUND
COMPARATIVE STATEMENT OF REVENUE, EXPENSE AND RETAINED EARNINGS
YEARS ENDED DECEMBER 31, 1984 AND 1983
I
I
1984
I
I
Operating revenue
User charges
Connection charges
Penalties
Other
$107,886
10,239
2,186
10,416
$130,727
I
Operating expense (excluding depreciation)
Personal services
Supplies
Other services and charges
Disposal charges
$ 11,387
2,007
14,735
79,065
$107,194
I
I
Operating income before depreciation
$ 23,533
I
I
1
I
I
Less depreciation
On assets acquired with own funds
On assets acquired from contributions
$ 325
87,346
$ 87,671
Operating loss
$(64,138)
Other income (expense)
Interest
Transfer from special assessment funds
$ 1,534
Net loss
$ 1,534
$(62,604)
I
Disposition of net income (loss)
Net income (loss)
Add credit from transfer of depreciation
to contributions in aid to construction
Income transferred to retained earnings
87,346
$ 24,742
$(62,604)
I
Retained earnings, January 1
32,738
I
I
Retained earnings, December 31
$ 57,480
I
53
1983
Restated
$ 89,945
3,473
1,260
285
$ 94,963
$ 12,662
2,509
9,299
68,153
$ 92,623
$ 2,340
$ 317
83,313
$ 83,630
$(81,290)
$ 1,618
11,980
$ 13,598
$(67,692)
$(67,692)
83 ,313
$ 15,621
17,117
$ 32,738
54
CITY OF ANDOVER, MINNESOTA
SEWER FUND
COMPARATIVE STATEMENT OF CHANGES IN FINANCIAL POSITION
YEARS ENDED DECEMBER 31, 1984 AND 1983
1984
1983
Restated
Sources of working capital
Operations
Net (loss)
Item not requiring working capital
Depreciation
$(62,604) $( 6 7,692)
87,671 83,630
$ 25,067 $ 15,938
25,353
403,486
$428,553 $ 41,291
$403,486 $ 88
4,155 24,828
578
$408,219 $ 24,916
$ 20,334 $ 16,375
Increase in deferred revenue
Contribution of property
Acquisition of property and equipment
Increase in other assets
Decrease in deferred revenue
Increase in working capital
Elements of change in working capital
Cash and temporary investments $ 4,313 $( 3,261)
Accrued interest receivable 600 42
Accounts receivable 14,455 8,031
Special assessment receivable ( 250) 525
Prepaid expenses ( 808) ( 807)
Accounts payable 2,407 ( 2,252)
Accrued expenses ( 403) ( 323)
Due to other funds 8,074
Due to other governmental units 20 6,346
Increase in working capital $ 20,334 $ 16,375
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CITY OF ANDOVER, MINNESOTA
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55
COMPARATIVE STATEMENT OF GENERAL FIXED ASSETS
DECEMBER 31, 1984 AND 1983
I
I
General Fixed Assets
Land and improvements
Buildings and improvements
Furniture and equipment
Machinery and automotive equipment
I
Total General Fixed Assets
I
Investment in General Fixed Assets
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1984 1983
$ 14q,947 $ 98,103
564,471 564,146
79,503 78,208
521,012 387,758
$1,305,933 $1,128,215
$1,305,933
$1,128,215
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56
CITY OF ANDOVER, MINNESOTA
c
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COMPARATIVE STATEMENT OF GENERAL LONG-TERM DEBT
DECEMBER 31, 1984 AND 1983
'"
...
Amount available and to be provided for payment
of general long-term debt
Amount available in debt service funds
Resources to be provided by future revenues
Total
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
1984 State Aid Street Bonds
Total
--=--1 -
1984
1983
w
c
$ 126,125
909,325
$ 97,421
553,550
~
$1,035,450
$650,971
~
$ 95,160 $ 98,972
12,362 6,268
5,366 7,289
22,000 44,000
23,562 26,442
245,000 285,000
17,000
8,000 16,000
90,000 120,000
24,000 30,000
510,000
$1,035,450 $650,971
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SECTION I II
STATISTICAL SECTION
~
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CITY OF ANDOVER, MINNESOTA
57
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SCHEDULE OF CASH, TEMPORARY INVESTMENTS AND SECURITY FOR DEPOSITS
DECEMBER 31, 1984
1
I
I
First National Bank of Anoka
Checking account
Savings account
Money market account
Certificates of deposit
$ 100
87,408'
101,801
5,100,000
I
$5,289,309
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Face amount
of securities
pledged as
collateral
by depository
$5,294,000
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, 1984, the bank deposits at First National Bank of Anoka
were in excess of this requirement.
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58
CITY OF ANDOVER, MINNESOTA
COMBINED SCHEDULE OF INDEBTEDNESS
DECEMBER 31, 1984
Bonded indebtedness
Special assessment bonds
Improvement Bonds of 1975
General Obligation Improvement
Bonds of 1976
Improvement Bonds of 1976
General Obligation Improvement
Bonds of 1977
General Obligation Improvement
Bonds of 1977
General Obligation Improvement
Bonds of 1978
General Obligation Improvement
Bonds of 1979
General Obligation Improvement
Bonds of 1980
General Obligation Improvement
Bonds fo 1980
General Obligation Improvement
Bonds of 1980
General Obligation Improvement
Bonds of 1981
General Obligation Improvement
Bonds of 1981
General Obligation Improvement
Bonds of 1982
General obligation bonds
General Obligation Improvement
Bonds of 1978 (Building & Equipment)
1979 Certificates of Indebtedness
1980 Certificates of Indebtedness
1981 Certificates of Indebtedness
1983 Certificates of Indebtedness
General Obligation State Aid
Street Bonds of 1984
Total Bonded Indebtedness
Long-term payables
Metropolitan Waste Control Commission
Special assessments on City owned property
Land acquisition
Equipment purchase
Total Indebtedness
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Interest
rates
6.25-6.5001.
6.20-6.80
5.00-6.75
5.00
5.25-5.50
5.25-6.00
6.50
6.10-6.90
7.00
8.50-9.10
9.75-10.00
10.25-11.50
7.00
5.55-5.70
6.00
7.00
8.00
7.50
6.75-9.00
5.369
6.25-10.70
9.00
18.57
Issue
date
9/1/75
8/1/76
11/1/76
3/1/77
10/1/77
11/1/78
11/1/79
6/1/80
8/1/80
10/1/80
7/1/81
10/1/81
10/1/83
11/1/78
8/1/79
10/1/80
12/31/81
10/1/83
9/1/84
1971
Various
1983
1982
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Final
maturity
date
C
Q
9/1/86
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2/1/97
11/1/96
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1/1/96
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2/1/98
2/1/99
2/1/95
2/1/91
2/1/01
2/1/02
8/1/91
2/1/92
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10/1/86
2/1/89
8/1/84
4/1/85
12/31/87
10/1/88
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9/1/94
1991
2001
1985
1987
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' Indebtedness
Authorized Due in 1985
and issued Redeemed Outstanding Principal Interest
$ 46,000 $ 36,800 $ 9,200 $ 4,600 $ 598
' 1,635,000 375,000 1,260,000 70,000 80,857
56,000 22,400 33,600 2,800 2,128
1,215,000 155,000 1,060,000 25,000 53,000
' 780,000 145,000 635,000 30,000 33,017
' 270,000 45,000 225,000 10,000 12,763
270,000 45,000 225,000 15,000 14,137
430,000 - 85,000 345,000 35,000 21,803
98,000 14,700 83,300 4,900 5,660
' 4,365,000 210,000 4,155,000 120,000 358,640
' 150,000 45,000 105,000 15,000 10,425
175,000 35,000 140,000 17,500 14,000
' 1,015,000 1,015,000
$10,505,000 $ 1,213,900 $ 9,291,100 $ 349,800 71,050
$ 678,078
$ 430,000 $ 185.,000 $ 245,000 $ 45,000 $ 12,550 -
85,000 85,000
40,000 32,000 8,000 8,000 280
150,000 60,000 90,000 30,000
_
30,000 6,000 24,000 6,000 7 200 ,800
1
' 510,000 510,000 _ 50,000 4
$ 1,245,000 $ 368,000 $ 877,000
$ 139,000 $ 62,055 -
' $11,750,000 $ 1,581,900 $10,168,100 $ 740,133
$ 488,800
$ 43,018
111 653 $ 19,456 $ 23,562 $ 3,035 $ 1,265
16,493 95,160 4,602 10,195
' 44,000 22,000
1 22,000 1 980
0,115
4,749 5,366 2,313
$ 208,786 $ 40,698 $ 146,088 $ 31,950 $ 14,247
$11,958,786 $ 1,622,598 $10,314,188
$ 520,750 $ 754,380
60
CITY OF ANDOVER, MINNESOTA
SCHEDULE OF BONDS PAYABLE y
DECEMBER 31, 1984
I
Annual
Issue Maturity Interest serial
date date date payments
Special assessment bonds
Improvement Bond of 1975 9/1/75
$4,600 per year 9/1/85 -86 6.50% $ 9,200
General Obligation Improvement
Bonds of 1976 8/1/76 a
February 1, 1985 6.2 $ 70,000
February 1, 1986 6.25 5 75,000
February 1, 1987 6.25 80,000
February 1, 1988 6.30 85,000 Q
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 a
February 1, 1996 6.80 120,000
February 1, 1997 6.80 125,000
$ 1,260,000 a
Improvement Bonds of 1976 11/1/76
$2,800 per year 11/1/85 -86 5.50 $ 5,600
$2,800 per year 11/1/87 -91 6.25 14,000
$2,800 per year 11/1/92 -96 6.75 14,000
$ 33,600
General Obligation Improvement a
Bonds of 1977 3/1/77
January 1, 1986 1/1/86 5.00 $ 25,000
$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 90,000
$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
$ 1,060,000
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CITY OF ANDOVER, MINNESOTA 61
SCHEDULE OF BONDS PAYABLE (CONTINUED
DECEMBER 31, 1984
Issue Maturity Interest Annual
date date rate payments
' Special assessment bonds (continued)
General Obligation Improvement
Bonds of 1977 10/1/77
February 1, 1985 2/1/85 5.25% $ 30,000
$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
$ 635,000
' General Obligation Improvement
Bonds of 1978 1/1/78
$10,000 per year 2/1/85 -88 5.50 $ 40,000
' 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 2/1/95 6.00
$20,000 per year 15,000
2/1/96 -99 6.00 80,000
$ 225,000
General Obligation Improvement
Bonds of 1979 11/1/79
$15,000 per year 2/1/85 -87 6.50 $ 45,000
' $20,000 per year 2/1/88 -91 6.50
$25,000 per year 80,000
2/1/92 -95 6.50 100,000
$ 225,000
' General Obligation Improvement
Bonds of 1980 6/1/80
February 1, 1985 6.30 $ 35,000
' February 1, 1986 6.40 40,000
February 1, 1987 0 45,000
6.5
February 1, 1988 6. 50,000
February 1, 1989 6.70 50,000
February 1, 1990 6.80 60,000
February 1, 1991 6.90 65,000
$ 345,000 -
62
CITY OF ANDOVER, MINNESOTA
SCHEDULE OF BONDS PAYABLE (CONTINUED)
DECEMBER 31, 1984
Issue
date
Special assessment bonds (continued)
General Obligation Bonds of 1980 8/1/80
$4,900 per year
General Obligation Improvement
Bonds of 1980
February 1, 1985
February 1, 1986
February 1, 1987
February 1, 1988
February 1, 1989
February 1, 1990
February 1, 1991
February 1, 1992
February 1, 1993
February 1, 1994
February 1, 1995
February 1, 1996
February 1, 1997
February 1, 1998
February 1, 1999
February 1, 2000
February 1, 2001
February 1, 2002
General Obligation Improvement
Bonds of 1981
$15,000 per year
$15,000 per year
General Obligation Improvement
Bonds of 1981
$17,500 per year
$17,500 per year
General Obligation Improvement
Bonds of 1983
October 1, 1986
10/1/80
7/1/81
10/1/81
10/1/83
Total special assessment bonds
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Maturity
date
2/1/85-2001
8/1/85-86
8/1/87-91
2/1/85-87
2/1/88-92
10/1/86
Interest
rate
7.00%
8.50
8.50
8.50
8.50
8.50
8.50
8.50
8.50
8.50
8.50
8.60
8.80
9.00
9.00
9.10
9.10
9.10
9.10
9.75
10.00
11.50
10.25
7.00
Annual
serial
payments
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$ 83,300
$ 120,000
130,000
145,000
160,000
170,000
190,000
210,000
230,000
250,000
2 7 5 , 000
305,000
330,000
370,000
200,000
230,000
255,000
280,000
305,000
$ 4,155,000
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C
C
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$ '30,000
75,000
$ 105,000
$ 52,500
87,500
$ 140 , 000
$ 1,015,000
$ 9,291,100
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63
CITY OF ANDOVER, MINNESOTA
SCHEDULE OF BONDS PAYABLE (CONTINUED)
DECEMBER 31, 1984
Note - January 1, 1985 maturities are considered matured December 31, 1984.
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64
General obligation bonds
Principal Interest Total
-
$139,000 $ 62,055 $ 201,055
131,boo 52,985 183,985
136,000 43,928 179,928
111 ,000 34,501 145,501
100,000 27,375 127,375
50,000 22,100 72,100
50,000 18 , 100 68,100
50,000 14,000 64,000
50,000 9,750 59,750
60,000 5,400 65,400
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CITY OF ANDOVER, MINNESOTA
DEBT SERVICE REQUIREMENTS
DECEMBER 31, 1984
Special assessment bonds
Year Principal Interest Total
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
$9,291,100 $5,896,059 $15,187,159
$877,000
$290,194
$1,167,194
Note _ January 1 maturities are considered matured December 31, of the preceding year.
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I 65
. CITY OF ANDOVER, MINNESOTA
~ I
4 TAX LEVIES AND COLLECTIONS
-
I
Percentage
I Collection Percentage Collection of total
Total of current of levy of prior Total collections
Year ~ year's levy collected years' levy collections to levy
I 1980 $356,000 $344,318 96.72% $ 8,922 $353,240 99.22'/',
1981 460,600 443,597 96.31 12,030 455,627 98.92
I 1982 496,388 450,271 90.71 21,859 472,130 95.11
I 1983 570,009 548,667 96.26 18,286 566,953 99.46
1984 645,466 621,184 96.23 16,627 637,811 98.81
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I SPECIAL ASSESSMENT LEVIES AND COLLECTIONS
I Percentage
Collection Percentage Collection of total
I Total of current of levy of prior Total collections
Yea r levy year's levy collected years' levy collections to levy
1980 $225,305 $194,693 86.41% $16,982 $211,675 93.95%
I 1981 339,487 310,834 91. 56 8,577 319,411 94.09
I 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
I 1984 673,732 583,244 86.57 60,445 6/+3,689 95.54
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THIS PAGE LEFT
BLANK INTENTIONALLY
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67
CITY OF ANDOVER, MINNESOTA
ASSESSED VALUATIONS, TAX LEVIES AND MILL RATES
(shown by year of tax collectibility)
1982 1983 1984 1985
Assessed valuations $39,541,477 $44,071,159 $43,692,054 $43,752,681
Contribution to fiscal
disparities pool (1,475,372) (1,543,109) (1,656,156) (1,696,653)
Distribution from fiscal
disparities pool 3,956,148 5,480,041 6,767,570 8,285,364
Taxable valuation $42,022 ,253 $48,008,091 $48,803,468 $50,341,392
Tax levies
Revenue $ 433,380 $ 476,955 $ 530,144 $ 590,596
Gene ra 1 obligation debt 61,313 93,056 115,366 100,661
Special assessment debt 258
$ 494,951 $ 570,011 $ 645, 51C~ $ 691,257
Hill ra tes
Revenue 10.200 9.959 11. 038 11 .068
General obligation debt 1.444 1.943 2.402 1.887
Special assessment debt .006
11.650 11.902 13.440 12.955
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