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Audit Report 12/31/1972
R E P O R T O N AUDIT VILLAGE OF LINO LAKES Anoka County, Minnesota For the Year Ended December 31, 1972 Hill Milne & Co. Public Accountants Brookdale Towers 2810 County Road No. 10 Minneapolis, Minnesota 55430 Village of Lino Lakes Anoka County, Minnesota CONTENTS Village Officials Accountants' Opinion Pages 1 2 EXHIBITS A Balance Sheet by Funds 3 -4 A -a Balance Sheet - Special Revenue Funds 5 B Summary of Cash Receipts and Disbursements by Funds 6 C Combined Comparative Balance Sheet 7 Comments 8 -10 Details on Balance Sheet Items SCHEDULES A -1 Cash on Hand 11 A -2 Cash in Centennial State Bank of Lexington 12 A -3 U. S. Government Securities 13 A -4 Current Taxes Receivable 13 A -5 Delinquent Taxes and Assessments Receivable 13 A -6 Summary of General Fixed Assets 14 A -6a Additions to General Fixed Assets 15 A -7 Summary of Water and Sewer Utility Properties 16 A -8 Contracts Payable 17 A -9 Bonded Indebtedness 18 Details on Cash Receipts and Disbursements by Funds SCHEDULES B -1 General Fund Cash Receipts and Disbursements 19 -21 B-la Condensed Comparison of Cash Receipts and Disbursements - General Fund 22 B -2 Fire Protection Fund Cash Receipts and Disbursements 23 B -3 Civil Defense Fund Cash Receipts and Disbursements 23 B -4 Parks and Playgrounds Fund Cash Receipts and Disbursements 24 B -5 Road and Bridge Fund Cash Receipts and Disbursements 25 B -5a Condensed Comparison of Cash Receipts and Disbursements - Road and Bridge Fund 26 B-6 Debt Service No. 1 Fund Cash Receipts and Disbursements 27 B -7 Metro Sewer Fund Cash Receipts and Disbursements 27 B -8 Water and Sewer Operating Fund Cash Receipts and Disbursements 27 B -9 Water and Sewer Contruction Fund Cash Receipts and Disbursements 28 B -10 Debt Service No. 2 Fund Cash Receipts and Disbursements 28 SCHEDULES 1 2 Assessed Valuations, Tax Levies and Tax Rates Insurance and Bonds in Force 29 30-31 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 VILLAGE COUNCIL: VILLAGE OFFICIALS: PARK BOARD Village of Lino Lakes Anoka County, Minnesota VILLAGE COUNCIL AND OFFICIALS For the Year Ended December 31, 1972 *William Bohjanen *Donald Marier *Ronald Jaworski *Richard Zelinka *Andrew Cardinal June Emerton Edna Sarner Judy Helin Babcock, Locher, Neilson & Mannelia Milner W. Carley and Associates *Marvin Myhre *Virgil F. Lundberg Albert Dupre Jerome Boyd Roy Backlin Mrs. Edna Sarner Arnold Kelling R. V. Ellingsen James Livingston Charles Cape Bruce Fleming Anoka County Health Dept, Mrs. Lena Billik C. E. LeVesseur Centennial State Bank of Lexington Blaine Life Springsted, Inc. Harold Lehman Donald Kent Franklin Resch James McGeary Francis Faymonville PLANNING AND ZONING BOARD: *Elected officials John McLean Ed Karth James J. Hill Arnold Kelling James Shearen David Farrand Pete Nadeau Mayor 12/31/73 Councilman and Acting Mayor 12/31/74 Councilman 12/31/75 Councilman 12/31/75 Councilman 12/31/73 Clerk-Treasurer Clerk-Treasurer Deputy Clerk Attorneys Engineers Chief Constable Constable Building Inspector Plumbing Inspector Road and Park Supervisor Assessor Deputy Assessor Weed Inspector Fire Marshall Civil Defense Director Dog Catcher Health Inspector Sunrise Park Supervisor Lino Lakes Park Supervisor Bank Depository Official Newspaper Bonding Consultants Chairman Chairman 9/15/72 Indefinite Indefinite 12/31/72 12/31/72 12/31/74 12/31/73 12/31/72 12/31/72 12/31/72 Indefinite Indefinite 12/31/72 12/31/72 12/31/72 12/31/72 12/31/72 12/31/72 12/31/72 12/31/72 12/31/72 12/31/72 12/31/73 12/31/74 12/31/75 12/31/75 12/31/74 12/31/73 12/31/72 12/31/72 12/31/73 12/31/74 12/31/74 12/31/74 HILL MILNE & CO. Public Accountants Brookdale Towers 2810 County Road No. 10 Minneapolis, Minnesota 55430 ACCOUNTANTS' OPINION of: the Village Council Village of Lino Lakes Anoka County, Minnesota Gentlemen: We have examined, on a cash basis, the balance sheet and the fund balances of the Village of Lino Lakes as of December 31, 1972, and the related fund transactions for the year then ended. Our examination was made in accordance with generally accepted auditing standards and accordingly, included such tests of the accounting records and such other auditing pro- cedures as we considered necessary in the circumstances. We have modified the bash basis presentation of the balance sheet, Exhibit A, to such an extent as to reflect all significant known assets and liabilities therein for additional information purposes. In our opinion, the accompanying statements present fairly, on a modified cash basis, the financial position of the Village of Lino Lakes at December 31, 1972, and the cash fund transactions for the year then ended, in conformity with generally accepted governmental accounting principles applied on a basis consistent with that of the preceding year. The supplementary and statistical data presented in this report have been subjected to the same auditing procedures and, in our opinion, are stated fairly in all material respects when taken as a whole with the basic financial statements. Respectfully submitted, HILL MILNE & CO. Waldemar A. Hill, C.P.A. WAH/dj Date Field Work Completed: February 9, 1973 Date Report Signed: March 26, 1973 ASSETS Current Assets: Sch. Petty Cash Cash on Hand and in Bank A-1 &A-2 U, S. Govt, Securities Taxes Receivable: Current Levy and State Aid Delinquent Spal - Current Total Current Assets Fixed Assets: Land Buildings Equipment Water and Sewer Systems A-7 Total Fixed Assets $ 645,550.44 A- 3 A- 4 A- 5 A- 6 Village of Lino Lakes Anoka County, Minnesota BALANCE SHEET BY FUNDS December 31, 1972 Total General Fund 100.00 $ 219,260.69 97 177,46 158,960.12 9,709.97 89,262.50 $ 574,470.74 28,204.44 121,166,15 62,694.77 433.485.08 Deferred Assets: Amount to be Provided For Retirement of Bonds TOTAL ASSETS 50.00 33,508.75 45,400.12 1,012.59 $ (Exh, A-a) Special Revenue Funds 50.00 62,878.76 97,160.00 7,230.25 1 1 Water and II Sewer Construction Fund 5,775.7)1 48,795.390 79.971.46 $ 167,319.01 $ 54,571.1611 $ 640,000.00 $1,860,021,18 $ 79,971.46 $ 167,319.01 LIABILITIES AND SURPLUS Current Liabilities: Contracts Payable-Current A-8 $ 2,750.00 Bonds Payable-Current A-9 5,000.00 Bond Interest Payable (Due Within One Year) A-9 26,013.75 Total Current Liabilities $ 33,763,75 Non-Current Liabilities: ContractsPayable (Not Due Within One Year) A-8 $ 2,750.00 Bonds Payable (Not Due Within One Year) A-9 640,000.00 Total Non-Current Liabilities $ 642,750.00 Deferred Revenue: Unrealized Revenue on Cash Basis Receivables Less Liabilities Net Deferred Revenue Surplus: Contributed - Customers Investment in Fixed Assets Fund Balances Total Surplus TOTAL LIABILITIES AND SURPLUS 2,750.00 2,750,00 2,750.00 2,750.00 $ 257,932.59 $ 46,412.71 $ 104,390.25 36,513.75 5,500.00 $ 221,418.84 $ 40,912.71 $ 104,390.25 433 212 316 ,485,08 ,065.36 ,538.15 S 962,088,59 $1,860,021.18 33,558.75 33,558.75 79,971.46 -3- $ 62,928.76 S 62,928.76 $ 167,319,01 1 1 1 54,571.161 1 1 1 1 1 1 1 $ 54,571.16 $ 54,571.16 S 1 54,571.16 1 ' EXHIBIT A IIWater and (Sch. A -6) (Sch. A -9) Sewer Metro Debt Debt General General II Operating Sewer Service Service Fixed Long Term Fund Fund No. 1 Fund No. 2 Fund Assets Debt II $ (1,971,08) 1 S (1,971.08) Is 1 1 22,883.41 S 9,011.47 S 87,173.61 $ $ 48,382.07 141.51 16,400.00 11,325.62 89,262.50 23,024.92 $ 115,999.59 $ 135,555.68 $ 28,204.44 121,166.15 62,694.77 433,485.08 $ 433,485,08 $ 212,065.36 II$ 431,514.00 1 1 1 1 1 1 23,024.92 141.51 141.51 II$ 433,485.08 (1,971.08) 22,883,41 1 S 431,514.00 S 22,883,41 S 431,514.00 $ 23,024.92 550,000.00 115,999 59 S 685,555.68 $ 212,065.36 5,000.00 6,213.75 19,800.00 11,213.75 S 19,800.00 106,988.12 11,213.75 95,773,33 550,000.00 550,000.00 19,800.00 (19,800.00) 212,065.36 9,011.47 135,555.68 9,011.47 S 135,555.68 S 212,065.36 115,999.59 S 685,555.68 $ 212,065.36 - 4- $ 90,000.00 90,000.00 90,000.00 90,000.00 90,000.00 1 ASSETS Current Assets: Petty Cash Cash in Bank Taxes Receivable: Current Levy and Village of Lino Lakes Anoka County, Minnesota BALANCE SHEET - SPECIAL REVENUE FUNDS December 31, 1972 Total Fire Protection Fund Civil Defense Fund EXHIBIT A -a Parks and Road and Playgrounds Bridge Fund Fund 50.00 $ $ $ $ 50.00 62,878.76 2,513.40 3,520.81 15,542.39 41,302.16 State Aid 97,160.00 Delinquent 7,230.25 Total Current Assets $167,319.01 LIABILITIES AND SURPLUS Current Liabilities: Deferred Revenue: Unrealized Revenue on Cash Basis: Receivables $104,390.25 Less Liabilities Net Deferred Revenue $104,390.25 Surplus: Fund Balances Total Liabilities and Surplus $ 62,928.76 $167,319.01 8,660.00 88,500.00 671.40 320.45 976.40 5,262.00 11,844.80 $ 3,841.26 $ 16,518.79 $135,114.16 $ 9,331.40 $ 320.45 $ 976.40 $ 93,762.00 $ 9,331.40 $ 320.45 $ 976.40 $ 93.762.00" $ 2,513.40 3.52.81 15,542.39 41p352.16 $ 11,844.80 $ 3,841.26 $ 16,518.79 $135,114.16 1 1 1 1 1 a. N .0 co ax ts Cr, • In 04 t's 4 i 4 4 i 1 t t-- + 00 r.4 R R R co ' d' 4• fig- 99- 1-4 ......�pp CA in qd, CEO 00 r�-1 d' O n NO 0 rr.4 CCq a 0 p.71 CO N N .°o 00 00 00 to CO 0 CO O` is r1 N R R R R R R R R R R •1 M N CO r4 1' N CO r-1 N 4, 4, rl 00 •°0 00 rr-1 N 00 11) 0 ,.4 . . . R 1 03 V 000 000 N 00 0' ti 1 a 0 CO 000 R R IS R R R R R R R 0' n 1-1 00 0 1.4 1'•I N r-1 w N V .mod' n co • 1 t t 1 1 i f 1 0 N ' ' N 0 CO 00 IT 1 4 4 4 t i it 00 '0 r • 4 00 tr0tr�� O 00 r1 00 00 g V 00 00 � 00 •0Q' ge) 000 �R R R M 0R AC r-I R N R CO" 1.r..4 44- e9- 265.339.64 N ,o O 00 t` R 00 VV' N O CO 00 N 0 r.1 W i`' .0 00 00 .0 � N OO• 4' r. 0) c0.4 t%) In N '0 00 N 0 1 4) 1 R r-4' R R R R R R R R Q ep r1 r1 r-1 0 0 d' Cr) W 4. t t r 1 CO 0 N O 1 I 4 N`1R N CP. NO 07 CA aft A A A A ala A 1 a M.t 0) 0) la 0 r•1 4 C 0) k .44 co ara 'dad and Bridge )ebt Service No. 1 r1 CT0 06. N 44 la 44 C<) 03 •H lR} ¢ rul CO ri 01 id 44 M CO CO - 4 cn i) 4 004 ; +J 0 ..0 E+ tD ! 0 , CO C.) ) $1,030.837.94 co 1-4 a !� N O Cr, 00 Cpto00 00 O N O r-4 1N ,-IOr4 P-4 4, 0 0) to r4 - D •M M 0 © 00 • 0 0 •O O 0 i 00 49- 4 �tpo C3 CO 0 "0 C01 13 0 DO •r1 A *Pi Ca 8 00 hri r1 aCO 4 0 •rl 0. Z W 0 1 1 1 1 1 ASSETS Village of Lino Lakes Anoka County, Minnesota COMBINED COMPARATIVE BALANCE SHEET December 31, 1972 and 1971 1 Current Assets: Petty Cash Cash on Hand and in Bank 1 U. S. Government Securities Taxes Receivable: Current Levy and State Aid 1 Delinquent Special Assessments- Current Total Current Assets 1 Fixed Assets: Land Buildings 1 Equipment Water and Sewer Systems Total Fixed Assets 'Deferred Assets: Amount to be provided for retirement of bonds TOTAL ASSETS 1 LIABILITIES AND SURPLUS 1 Current Liabilities: Accounts Payable 1 Contracts Payable -Due Within One Year Bonds Payable -Due Within One Year Interest Payable -Due Within One Year Total Current - Liabilities 1 1 1 Non- Current Liabilities: Contract Payable -Not Due Within One Year Bonds Payable -Not Due Within One Year Total Non- Current Liabilities Deferred Revenue: Unrealized Revenue on Cash Basis: Receivables Less: Liabilities Net Deferred Revenue Surplus: 1 Contributed- Customers Investment in Fixed Assets Fund Balances Total Surplus TOTAL LIABILITIES AND SURPLUS As of 12/31/72 $ 100.00 219,260.69 97,177.46 158,960.12 9,709.97 89,262.50 $ 574,470.74 As of 12/31/71 $ 75.00 61,700.36 385,995.28 151,087.19 19,948.84 618,806.67 EXHIBIT C Increase (Decrease) $ 25.00 157,560.33 (288,817.82) 7,872.93 (10,238.87) 89,262.50 $ (44,335.93) $ 28,204.44 $ 28,191.14 $ 121,166.15 120,980.85 62,694.77 57,200.36 433,485.08 387.514.65 $ 645,550.44 $ 593,887.00 $ $ 640,000.00 $ 645,000.00 $1,860,021.18 $1,857,693.67 $ 2,750.00 5,000.00 26,013.75 $ 33,763.75 $ 2,750.00 640,000.00 642,750.00 $ 257,932.59 36,513.75 $ 221,418.84 $ 433,485.08 212,065.36 316,538.15 S 962,088.59 $1,860,021.18 $ 50,281.68 233,902.39 5,000.00 26,351.25 $ 315,535.32 $ $ 5,500.00 645,000.00 650,000.00 $ 171,036.03 92,916.05 $ 78,119.98 583,887.00 219,651.37 S 813,538.37 $1,857,693.67 13.30 185.30 5,494.41 45,970.43 51,663.44 $ (5,000.00) $ 2,327.51 $ (50,281.68) (231,152.39) (337.50) $ (281,771.57) $ (2,750.00) (5,000.00) $ (7,750.00) $ 86,896.56 (56,402.30) $ 143,298.86 $ 433,485.08 (381,821.64) 96,886.78 S 148,550.22 $ 2,327.51 Village of Lino Lakes Anoka County, Minnesota I - COMMENTS ON BALANCE SHEET ITEMS Exhibit A presents the financial condition of the Village by funds as of December 31, 1972. Similar special revenue funds are combined but are detailed in Exhibit A -a. A comparative balance sheet of all funds combined is presented in Exhibit C, which shows the financial position of the Village in comparative form with that at the end of the preceding year. Details on balance sheet items are shown in Schedules A -1 through A -9. Further explanations, analyses, or listings are presented in the next several paragraphs of these comments. CASH ON HAND AND IN BANK - $219,360.69: Petty cash funds were on hand for a total of 5100.00, and in addition, unde- posited receipts of $1,130.37 as further detailed in Schedule A -1. The sum of $111,709.82 was carried in the bank checking account. In addition, temporary excess funds for a total of $106,420.50 had been placed in bank savings certificates, earning interest at 5 %. Further details on these certificates and the bank checking account reconciliation are shown in Schedule A -2. The Centennial State Bank of Lexington had been designated as the depository for Village funds. Collateral of $70,000.00 in U. S. Government bonds was pledged by the bank as security for Village funds on deposit. Federal deposit insurance, carried by the bank for $20,000.00 on each customer, provides additional protection for Village funds. Additional collateral should be requested from your bank in order to be fully protected as required by State of Minnesota statutes. U. S. GOVERNMENT SECURITIES - $97,177.46: Funds from the $550,000.00 sale of Temporary Improvement Bonds of 1971 were invested in government securities as further detailed in Schedule A -3. These funds have been converted into cash as needed in meeting the obligations in connection with the water and sewer projects. TAXES RECEIVABLE - $168,670,09: The 1972 tax levy, collectible in 1973, amounts to $106,554.00, as detailed in Schedule A -4 by funds. The local government state aid, collectible in quarterly installments, amounts to $52,406.12. Delinquent taxes, levied for prior years, amount to $9,709.97 for the last six years, as summarized in Schedule A -5. SPECIAL ASSESSMENTS - CURRENT - $89,262.50: Water and sewer assessments were made against property owners in the Chomonix development for a total of $461,865.52. Assessments may be made all at once or in equal annual installments over a seven -year period with interest at 8% from the assessment date, October 24, 1972. Collections during 1972 amounted to $86,858.00, leaving a principal balance of $375,007.52 which is part of the Deferred Assets reflected on the Balance Sheet to provide for the retirement of long -term bonds. The current portion of the special assessments not collected during 1972 were placed on the tax rolls for collection during 1973. FIXED ASSETS (PROPERTIES) - $645,550.44: Village -owned general properties are summarized in Schedule A -6, totaling $212,065.36. Additions for a total of $5,693.01, during 1972, are detailed in Schedule A -6a. Where original costs are not readily available, valuations are based on insurable and estimated values as used on a recently prepared inventory of properties. Construction contracts were let out and work begun on water and sewer service for the Chomonix development late in the year 1971. The projects as now completed for these utility services are summarized in Schedule A -7, totaling $433,485.08. CURRENT LIABILITIES - $33.763.75: No liability for Metro sewer service is reflected as we understand that pre- viously assessed charges for years 1972 and prior were cancelled. The current maturities of $5,000.00 on bonded debt are classified as current liabilities for information purposes only, inasmuch as the Village funds are main- tained on a cash basis. Contracts payable are detailed in Schedule A -8, with the land contract remaining as the only contract balance as of December 31, 1972. NON- CURRENT LIABILITIES - $642,750.00: The balance of bonds in the amount of $640,000.00, remaining outstanding after excluding payments becoming due within one year, has been classified as a non - current liability on the balance sheet. Details on the bonds outstanding are shown in Schedule A -9. DEFERRED REVENUE - $221,418.84: Since the Village funds are maintained on a cash basis, the unrealized revenue from receivables, reduced by liabilities, is shown as an offsetting contra account- - deferred revenue. In other words, no revenue is reflected in the funds until received in cash, nor are liabilities (unpaid bills) reflected in disbursements until paid in cash. The receivables and payables are reflected on the balance sheet for information purposes only. SURPLUS - $962,088.59: The net worth of the Village is reflected by the surplus accounts, Contributed surplus of $433,485.08 represents the cost of water and sewer facilities assessed against benefitted property owners. Surplus Invested in Fixed Assets represents the Village's investment in general fixed properties, totaling $212,065.36. Fund balances represent cash or investments only, since the various Village funds are maintained on a cash basis. II - COMMENTS ON FUND TRANSACTIONS Exhibit B presents a summary of the cash receipts and disbursements by funds for the year 1972, showing the fund balance remaining in each fund as of December 31, 1972, Schedules B -1 through B-10 present detailed analyses of the cash transactions in the various funds together with comparable budget estimates as made by the Village Council a year in advance. Condensed comparisons of receipts and disburse-7 ments for the General Fund and for the Road and Bridge Fund with those of the prior year are presented in Schedules B -la and B-5a, respectively. These schedules should be helpful in making comparisons of fund transactions of the two largest and most important funds of the Village for the past two years. All the funds ended with debit balances (in the black) this year, with the exception of the Water and Sewer Operating Fund (in the red) $1,971.08. In total, all cash fund balances at $316,538.15, including investments, decreased by $131,232.49. Cash funds were used in paying off construction contracts. The prior year balance of $63.38 remaining in the Municipal Building Fund was closed off to Debt Service Fund by appropriate Council action. We confirmed the tax receipts directly with the County Auditor. Other receipts were checked against copies of receipts issued, licenses and other supporting memoranda. Disbursements were properly listed in Council minutes, supported by invoices and checks signed by the Mayor and the Clerk - Treasurer. III - GENERAL COMMENTS Based on our examination of the accounts and records of the Village Clerk- Treasurer, we conclude that the records were well kept. The Village is in a sound financial condition with a reasonable cash balance remaining at the end of the year to be carried into the next year. Books are maintained on the usual cash basis as is customary for municipalities. For the Balance Sheet, Exhibit A, we have tried to develop as complete a financial picture as reasonably possible by including all significant known assets and liabilities by funds. Details on the assessed valuation of property on the tax rolls and the tax levies, as voted by the Council are shown in Schedule 1 at the end of this report, on a comparative basis for the last three years. The assessed valuation at market value $7,038,314.00 may be compared by multiplying the prior valuations by three (3) Insurance and bonds in force are detailed in Schedule 2 at the very end of the report. Adequate coverages appear to be carried on the usual risks as your insurance requirements have been reviewed and adjustments have been made. -10-- Petty Cash: General Fund Road and Bridge Fund Undeposited Receipts: Total Village of Lino Lakes Anoka County, Minnesota CASH ON HAND Schedule A -1 December 31, 1972 $ 50.00 50.00 $ 100.00 Receipt # Amount 4628 $ 50.00 4629 1,030.00 4630 50.00 Sundry .37 1,130.37 $1,230.37 1 1 1 Checking Account: II Balance per Add Deposit I Total Less Checks General: 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Payroll: Bank Village of Lino Lakes Anoka County, Minnesota CASH IN CENTENNIAL STATE BANK OF LEXINGTON December 31, 1972 Statement - 12/29/72 in Transit Outstanding Number 4831 4866 4871 4872 4873 4874 4875 4876 4877 4878 4879 4880 4881 4883 4884 4885 4887 4888 4889 4890 4892 4893 1928 1931 1932 1942 Unremitted Payroll Deductions: 4th Quarter Social Security 4th Quarter State Withholding Balance per Books Savings Certificates: Number Amount $ 500.00 500.00 500.00 4,000.00 1,012.50 1,012.50 1,012.50 1,012.50 1,012.50 2,000.00 500.00 1823 1824 1825 1654 1826 1827 1828 1829 1830 1810 1765 Total Cash in Bank Number 1759 1706 1678 1859 1878 1881 1887 1894 1893 1896 Amount $ 425.00 57.50 311.54 53.59 63.50 16.50 15.00 26.60 3.00 6.25 90.00 7.50 175.00 40.75 224.00 15.00 15.00 15.00 15.00 25.00 26.60 9.19 50.00 179.90 127.80 41.08 Schedule A -2 $112,648.42 1,414,12 $114,062.54 60.82 256.60 Total Outstanding Checks 2,352.72 $111,709.82 Amount $ 2,000.00 1,000.00 500.00 500.00 2,000.00 12,565.00 20,104.00 41,749.65 500.00 12,439.35 -12- Total Savings Certificates 106,420.50 $218,130.32 1 1 1 Village of Lino Lakes Anoka County, Minnesota U. S. GOVERNMENT SECURITIES Schedule A -3 December 31, 1972 Maturity Face Date Value U. S. Treasury Bills: Purchases 10/13/72 4/12/73 $150,000.00 $146,146.21 IILess Sold 11/13/72 50,000.00 48,968.75 Balance 12/31/72 $100,000.00 $ 97,177.46 1 1 Fund Ieneral Revenue Road and Bridge lire Protection ebt Service No. 1 1 1 CURRENT TAXES RECEIVABLE Schedule A -4 December 31, 1972 Total *State Aid Tax Levy $ 45,400.12 $ 42,406.12 $ 2,994.00 88,500.00 10,000.00 78,500.00 8,660.00 8,660.00 16,400.00 16,400.00 Totals $158,960.12 $ 52,406.12 $106,554.00 , State aid for local government is receivable in quarterly installments from the State Sales Tax Fund. DELINQUENT TAXES AND ASSESSMENTS RECEIVABLE Schedule A -5 December 31, 1972 ' Special Year Collectible: *Taxes Assessments 1972 1971 1970 1969 1968 1967 II Totals $ 4,442.74 4,026.50 1,080.18 (74.76) 105.70 228.96 46.7.5, (146.10) $ 9,709.97 $ 9,809.32 $ (99.35) 'Distribution: Revenue $ 1,012.59 Road and Bridge 5,262.00 IIFire Protection 671.40 Parks 976.40 Civil Defense 320.45 IIDebt Service No. 1,325.62 Metro Sewer 141.51 Total -13- $ 9,709.97 1 1 1 !escription Village of Lino Lakes Anoka County, Minnesota SUMMARY OF GENERAL FIXED ASSETS Schedule A -6 December 31, 1972 1122,1: Main Street - 30 Acres Sunrise Park - 20 Acres mfb Lakes Park x Forfeited Land - 5 Parcels Total Land uildings: Municipal. Building * *Sunrise Park Buildings I*o Lakes Park Building Total Buildings Balance 1972 Balance 1/1/72 Additions 12/31/72 $ 18,146.94 $ $ 18,146.94 10,000.00 10,000.00 44.20 13,30 57.50 $ 28,191.14 $ 13.30 $ 28,204.44 $ 99,980.85 $ 185.30 $100,166.15 20,000.00 20,000.00 1,000.00 1,000.00 $120,980.85 $ 185.30 $121,166.15 'furniture and Equipment: Road and Bridge: Motor Vehicles $ 22,357.00 $ $ 22,357.00 Other Equipment 1,$80.00 668.50 2,548.50 IShop Equipment 2,720.40 2,301.31 5,021.71 Civil Defense 3,498.10 3,498.10 Municipal Building - General 1,362.07 275.00 1,637.07 I Clerk's Office 6,345.48 43.46 6,388.94 Police 6,320.65 1,082.02 7.402.67 Fire Protection 934.50 934.50 I Parks and Playgrounds 11,782.16 1,124.12 12,906.28 Total Furniture and Equipment $ 57,200.36 $ 5,494.41 $ 62,694.77 TOTAL GENERAL FIXED ASSETS $206,372.35 $ 5,693.01 $212,065.36 1 1 1 1 1 1 *Cost nor present value not readily available. *Insurable values. -14- Village of Lino Lakes Anoka County, Minnesota I ADDITIONS TO GENERAL 'IXED ASSETS Schedule A -6a r the Year Ended December 31, 1972 1 Land; Tax Forfeited Parcel (1) $ 13.30 Ituilding: Municipal Building: Bronze Name Plate Furniture and Equipment: I Road and Bridge: Shop Equipment: Tool Storage $ 436.66 II Hydraulic Jack 828.88 Grease Unit 372.80 Various Tools 662.97 Other Equipment: II Used Sanders (2) 50.00 Fire Extinguishers 7$.00 Mower 373.00 I Warn-A-Larms 167.50 $ 2,969.81 k's Office: ■ Table 43.46 Municipal Building- General: II Cabinet- Janitor Supplies 51.00 Map Rack 224.00 275.00 Police: II 1969 Ford 1,000,00 II Office Cabinets 82.02 1,082.02 Parks and Playgrounds: I Wiring at Sµnrise Park - Floodlites and Ne}a Service 1,124.12 5,494.41 185.30 1 1 1 1 1 1 Total Additions $ 5,693.01 -15- Village of Lino Lakes Anoka County, Minnesota SUMMARY OF WATER AND SEWER UTILITY PROPERTIES Schedule A -7 December 31, 1972 Sanitary Sewers and Water Mains: *Per Contract 1971 -72 $ 313,992.73 Legal Services 5,675.15 Fiscal Services 4,375.00 Engineering 47,730.00 Publishing 433.20 Easement 209.00 Well No. 1 Vertical Turbine Pump Pump House, Piping and Appurtenances $ 372,415.08 15,988.00 3,000.00 42,082.00 TOTAL $ 433,485.08 *Breakdown per Engineer: Sewer Mains $ 203,820.63 Water Mains 110,172.10 Total $ 313,992.73 1 1 1 1 1 1 1 Schedule A -8 1 1 1 1 1 1 1 1 CT r-I 00 w E a) U a) Description a) contract r-I a0O 0 0m O • •ri CO O Q) ,-0 C l c6 0 r-I 3 0 a) a) ,.0 r-I a) o .' Q) r-I CS) C" .!-) C/) C: E-I Q) 4.) ›, 03 r-4 E 0 ��I Z cr-c6 O A., 04 >, g C� m +) •- x CO 'a 1 U r--I •ri a) 4u C1a, CL O If) 0 C~ 0 +) E E 'n cg 0 i-1 Lo co H •r-i E cn CO > Pa., Q, co 0 CV O 0 0 0 r-4 00 0 0 CO O • O O CO V) 0 CO 0 0 0 '7{+ CO 0 CO as 0 O •r CV CO >n • 0 cNI N O O r-I CA O 0 CT CO • 0 0 m 00 0 CO O s.0 O s'r "I' 00 0 CO CO r--I m O o r O O N 0 0 CT 0 CO 1 o` O 'Cr CO • CO O r-I 'Cr CO CO O 0 O 0 4-) bD CO cn X -o a) • U r--I F..7 CO 0 RS RS 0 < 00 t-) r-1 o, r '0 \ co 00 CV o m Marvin Rehbein Contracting, Inc. Keys Well Drilling Co. CV Cr, CY') CV as Cr C CO �n r4 C▪ O 1...0 -4 0' CO c`a C-) NI 0 hD • ri U 0 E H w 0 a 0 •rl Q) 4-> E-1 U) 00 0 0 1 1 1 'Description of Bonds II1) Temporary Improvement 2) Municipal Building 1 Totals Village of Lino Lakes Anoka County, Minnesota BONDED INDEBTEDNESS December 31, 1972 Balance 1/1/72 $550,000.00 1972 Payments 100,000.00 5,000.00 $650,000.00 $ 5,000.00 "Details on Bond Issued Outstanding: 1 1972 1973 1974 1 1975 1976 1977 1 1978 1979 1980 1981 II 1982 1 1 1 1 Date of Issue 11/1/71 3/1/70 Amount of Issue $550,000.00 100,000.00 Interest Rates 3.60% 6.50 -6.80% Schedule A -9 Balance 12/31/72 $550,000.00 95,000.00 $645,000.00 Payment Maturity Dates Date, 5/1 & 11/1 *11/1/74 3/1 & 9/1 3/1/82 Municipal Building Bonds of 1970 Payments Due Principal Interest March 1 March 1 September 1 $ 5,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 3,191.25 3,022.50 2,685.00 2,347.50 2,022.50 1,692.50 1,357.50 1,020.00 680.00 340.00 Total $ 95,000.00 $ 18,358.75 $ - 3,022.50 2,685.00 2,347.50 2,022.50 1,692.50 1,357.50 1,020.00 680.00 340.00 $ 15,167.50 * *Tax Levy $ 16,400.00 16,200.00 15,500.00 14,800.00 14,100.00 13,400.00 12,700.00 12,000.00 11,300.00 $126,400.00 Temporary Improvement Bonds of 1971 Interest Due $ - 19,800.00 19,800.00 $ 39,600.00 *Temporary Improvement Bonds of 1971 are callable 11/1/73 and 5/1/74, at ppr. * *Collectible during year following levy. -18- 1 1 1 1 Village of Lino Lakes Anoka County, Minnesota GENERAL FUND CASH RECEIPTS AND DISBURSEMENTS Schedule B -1 For the Year Ended December 31, 1972 Actual Balance - January 1, 1972 $ 11,556.49 "Receipts: Tax Settlements: I General Revenue $ 2,425.69 Mortgage Registry 1,693,27 Penalties and Interest 494.31 Delinquent Taxes - Sundry 238.96 Gopher Control 3.46 $ 4,855.69 Federal Revenue Sharing $ 10,008.00 $ -0- ' Licenses and Permits: Liquor $ 8,100.00 10,350.00 Beer 235.83 250.00 Cigarette 20.00 150,00 II Special Use Permits 149.00 350.00 Dance 200.00 200.00 Building and Moving Permits 2,894.34 1,800.00 II Plumbing Permits 1,936.50 750.00 Dog and Kennel 171.00 150.00 Contractor and Business 275.00 300.00 II Sign Permits 1,422.50 1,800.00 $ 15,404.17 $ 16,100`.00 State Tax Apportionments: Local Government Aid $48,463.08 ILess: To Park Fund (2,086.00) To Road and Bridge Fund (10,000.00) Net to General Fund $ 36,377.08 $ 36,377.00 II Cigarette 6,904.04 7,550.00 Liquor 6,128.72 6,200.00 Mobile Home 202.30 2,150.00 Per Capita Sales Tax - Prior Year 1,035.47 Police State Aid 2,466.03 Budget Estimate 1 Refunds and Reimbursements: Emergency Course $ 15.00 Insurance Claim 225.55 II P.E.R.A. 3.89 Insurance Refunds 251.00 $ 53,1l3.64 $ 52,277.00 495,44 ' Deposits: Contractor Deposit $ 23,256.00 Charges for Current Services: II Policy Contract Dog Handling Election Filing Fees Rezoning, Variances and Platting Assessment Searches and Assignments Notary Fees $ 1,869.00 332.00 2.00 1,736.98 165.00 2.75 $ 4,107.73 $ 375.00 1,350.00 1 1„'725.00 1 1 1 1 1 1 1 Village of Lino Lakes Anoka County, Minnesota GENERAL FUND CASH RECEIPTS AND DISBURSEMENTS Receipts (Continued): Miscellaneous Revenue: Sale of Maps and Supplies Interest Earned on C.D.'s Interest Earned on Licenses County Gopher Bounty Court Fines and Costs Total Cash Receipts Total to Account For Actual $ 193.48 86.25 60.00 1,258.00 $ 1,597.73 112,838.40 $124,394.89 Schedule B -1 (Page 2) Budget Estimate $ 150.00 200.00 1,000.00 $ 1,350.00 $ 71,452.00 I Disbursements: Village Council: Salaries $ 2,987.00 $ 3,390.00 II Expense Allowance 900.00 900.00 Advertising 184.96 Telephone 641.69 600.00 II Fuel 910.21 900.00 Electricity 763.60 750.00 Insurance and Bonds 5,228.42 6,000.00 Membership Dues 538.51 800.00 I Building Maintenance, Labor and Supplies 1,076.04 1,000.00 General Supplies 1,465.64 500.00 $ 14,696.07 $ 14,840.00 1 1 1 1 1 1 1 1 Elections: Salaries - Voter Registration Salaries - Elections Supplies $ 18.20 701,55 90.00 Finance: Salary of Clerk- Treasurer $ 6,528.75 Salaries of Assistants 1,405.95 Office Supplies and Expense 1,375.62 Payroll Taxes 3,104.40 Mileage 87.89 Auditing Service 1,520.00 Surcharges - Building and Plumbing 536.83 Fiscal Services 210.00 Assessor: Salary School Legal: Professional Services Printing and Publishing $ 3,000.00 224.50 $ 6,935.45 229.15 809.75 $ 50.00 200.00 50.00 300.00 $ 5,500.00 1,500.00 600.00 3,500.00 25.00 1,100.00 $ 14,769.44 $ 12,225.00 $ 3,224.50 $ 7,164.60 $ 3,000.00 $ 6,000.00 1,000.00 $ 7,000.00 Village of Lino Lakes Anoka County, Minnesota GENERAL FUND CASH RECEIPTS AND DISBURSEMENTS Disbursements (Continued): Planning and Zoning: Engineering Services Planning Consultant Police: Salaries Lost Wage Reimbursement Uniforms General Supplies and Expense Gas and Oil Auto Repairs School Capital Outlay: 1969 Ford Office Cabinets Protective Inspection: Building Inspection Plumbing Inspection Weed Inspection Workshop Animal Control: Dog Catcher Gopher Bounties Refunds: Licenses and Permits Contractor Deposit Capital Outlay: Land Contract Payment Land - Tax Forfeit Parcel Land Contract Interest Office Furniture and Equipment Other Equipment Total Disbursements Actual $ 1,452.50 220.00 $ 9,650.00 335.95 369.35 398.69 1,800.21 2,355.49 45.75 1,000.00 82.02 $ 1,158.70 632.80 299.93 182.22 $ 2,547.11 349.00 $ 406.50 23,256,00 $ 2,750.00 13.30 412.50 94.46 409.30 $ 1,672.50 Schedule 8 -1 (Page 3) Budget Estimate $ 2,000.00 2,200.00 $ ' 4,200. o0 $ 16,875.00 500.00 500.00 1,000,00 1,000100 1,500.00 $ 16,037.46 $ 21,375,00 $ 825.00 750.00 275;00 $ 2,273.65 $ 1,850.00 2,896.11 $ 23,662.50 3,679.56 90,886,14 Balance - December 31, 1972 $ 33,508.75 -21- $ 2,000.00 500.00 $ 2,500.00 $ 500.00 2,750.00 412.00 500.00 3,662.00 $ 71 7452.00 Village of Lino Lakes Anoka County, Minnesota CONDENSED COMPARISON OF CASH RECEIPTS AND DISBURSEMENTS - GENERAL FUND For the Years Ended December 31, 1972 and 1971 Schedule B -la Cash Balance - Beginning of Year ADD: Receipts: Tax Settlements Federal Revenue Sharing Licenses and Permits State Tax Apportionments Refunds and Reimbursements Charges for Current Services Miscellaneous - Revenue Total Receipts Total to Account For DEDUCT: Disbursements: Village Council Elections Finance Assessor Legal Planning and Zoning Police Protective Inspection Animal Control Refunds Capital Outlay Total Disbursements Cash Balance - End of Year Year 1972 11,556.49 S 4,855.69 10,008.00 15,404.17 53,113.64 23,751.44 4,107.73 1,597,73 $112,83840 124,394.89 S 14,696.07 809.75 14,769.44 3,224.50 7,164.60 1,672,50 16,037.46 2,273,65 2,896,11 23,662.50 3,679.56 $ 90,886,14 S 33,508.75 Year 1971 3,933,38 $ 23,512.54 18,524.97 34,175.38 1,468.07 3,221.41 1,868.00 $ 82,770,37 $ 86,703.75 S 16,174.39 466.48 12,813.82 2,400.00 8,659.25 6,261.68 15,601.52 1,952,30 2,298.25 1,135.00 7,384,57 $ 75,147.26 $ 11,556.49 Increase (Decrease) 7,623.11 (18,656.85) 10,008.00 (3,120.80) 18,938.26 22,283.37 886.32 (270.27) $ 30,068.03 S 37,691.14 $ (1,478.32) 343.27 1,955.62 824.50 (1,494.65) (4,589.18) 435.94 321.35 597.86 22,527,50 (3,705.01) $ 15,738.88 $ 21,952.26 Village of Lino Lakes Anoka County, Minnesota FIRE PROTECTION FUND CASH RECEIPTS AND DISBURSEMENTS Schedule B -2 For the Year Ended December 31, 1972 Balance - January 1, 1972 Receipts: Tax Levy Total to Account For Disbursements: Salary - Fire Marshall Clothing Allowance Gasoline Fire Contracts Labor Repairs and Supplies Total Disbursements Actual 90.00 30.00 19.25 7,632.15 34.00 63.19 $ 1,578.25 8,803.74 $ 10,381.99 $ 7,868.59 Balance - December 31, 1972 $ 2,513.40 Budget Estimate 8,310.00 $ 200.00 60.00 7,600.00 450.00 8,310.00 CIVIL DEFENSE FUND CASH RECEIPTS AND DISBURSEMENTS Schedule B -3 Fox the Year Ended December 31, 1972 Actual Balance - January 1, 1972 $ 1,213.06 Receipts: Tax Levy Total to Account For Budget Estimate 3,560.35 $ 3,300.00 $ 4,773.41 $ 3,300.00 Disbursements: Labor $ 42.38 Director's Expense Allowance 300.00 $ 300.00 General Supplies and Repairs 214.63 Gasoline 28.48 Uniforms 281.90 1,000,00 Float Supplies and Costumes 384.21 Beer License 1.00 2,000.00 Total Disbursements $ 1,252.60 $ 3,300.00 Balance - December 31, 1972 $ 3,520.81 Village of Lino Lakes Anoka County, Minnesota PARKS AND PLAYGROUNDS FUND CASH RECEIPTS AND DISBURSEMENTS Schedule B -4 For the Year Ended December 31, 1972 Actual Balance - January 1, 1972 $ 13,616.81 Receipts: Tax Levy State Aid Total Receipts Total to Account For Disbursements: Salary - Caretakers Other Salaries and Wages Utilities and Fuel General Supplies and Repairs Building Maintenance Baldwin Lake Park Property Lease Capital Outlay: Wiring at Sunrise Park Total Disbursements Balance - December 31, 1972 $ 8,237.40 2,086.00 $ 10,323.40 $ 23,940.21 $ 675.00 4,627.37 828.71 750.12 391.50 1.00 Budget Estimate $ 7,115.00 $ 4,000.00 1,000.00 2,500.00 900.00 1.00 7,273.70 $ 8,401.00 1.124.12 $ 8,397.82 $ 15,542.39 800.00 9,20 .00 Village of Lino Lakes Anoka County, Minnesota ROAD AND BRIDGE FUND CASH RECEIPTS AND DISBURSEMENTS Schedule B -5 For the Year Ended December 31, 1972 Actual Balance - January 1, 1972 $ 16,839.54 Receipts: Tax Levy Local Government State Aid Material and Supplies Sold Total Receipts Total to Account For Disbursements: Labor Contracted Road Work Blading Oil and Mix Sand and Gravel Shop and Equipment Repairs Street Lighting Gas and Oil Equipment Rental Snow and Ice Removal General Supplies Installment Loan Payments Capital Outlay: 2 Used Sanders Tool Storage Hydraulic Jack Grease Unit Various Tools Fire Extinguishers Mower Warn -A -Larms Total Disbursements Balance - December 31, 1972 64,975.85 10,000.00 425.92 $ 6,117.82 13,968.26 5,220.62 3,976.39 10,076.12 1,110.41 1,758.55 831.80 30.00 773.72 1,072.53 3,033.12 50.00 436.66 828.88 372.80 662.97 78.00 373.00 167.50 75,401.77 92,241.31 $ 47,969.34 Budget Estimate S 61,900,00 10,000.00 S 71,900.00 20,000.00 35,800.00 4,000.00 1,800.00 63,900.00 S 2,969.81 8,000.00 S 50,939.15 S 71,900.00 $ 41,302.16 Village of Lino Lakes Anoka County, Minnesota CONDENSED COMPARISON OF CASH RECEIPTS AND DISBURSEMENTS - ROAD AND BRIDGE FUND For the Years Ended December 31, 1972 and 1971 Schedule B -5a Cash Balance - Beginning of Year ADD: Receipts: Tax Settlements State Aid Installment Loan Other Revenue Total Receipts Total to Account For DEDUCT: Disbursements: Labor Road Surfacing Other Road Maintenance Equipment Maintenance and Supplies Gas and Oil Street Lighting Capital Outlay Loan Payments Total Disbursements Cash Balance - End of Year Year 1972 16,839.54 64,975.85 10,000.00 425.92 $ 75,401.77 $ 92,241.31 S 6,117.82 33,241.39 773.72 2,2/2.94 831.80 1,758.55 2,969.81 3,033.12 $ 50,939.15 41,302.16 Year 1971 Increase (Decrease) 17,864.35 $ (1,024.81) S 52,727.94 10,000,00 11,500.00 699.07 $ 74,927.01 92,791.36 $ 11,570.70 35,681.07 2,624.85 1,511.38 1,608.66 1,733.40 12,122.40 9,099.36 S 75,951.82 16,839.54 12,247.91 (11,500.00) (273.15) S 474.76 $ (550.05) S (5,452.88) (2,439.68) (1,851.13) 701.56 (776.86) 25.15 (9,152.59) (6,066.24) $(25,012.67) 24,462.62 Village of Lino Lakes Anoka County, Minnesota *DEBT SERVICE NO. 1 FUND CASH RECEIPTS AND DISBURSEMENTS Schedule B -6 For the Year Ended December 31, 1972 Balance - January 1, 1972 Receipts: Tax Levy Total to Account For Disbursements: Municipal Building - Interest on Bonds Municipal Building - Principal on Bonds Service Charges Total Disbursements Balance - December 31, 1972 *For Municipal Building Bonds 6,551.25 5,000.00 25.00 $ 9,222.07 11,365.65 $ 20,587.72 11,576.25 9,011.47 METRO SEWER FUND CASH RECEIPTS AND DISBURSEMENTS Schedule B -7 For the Year Ended December 31, 1972 Balance - January 1, 1972 Receipts: Hookup Charges - @ $500.00 Tax Levy Interest on Savings Certificates Total Receipts Total to Account For Disbursements: Balance - December 31, 1972 $ 9,000.00 9,477.16 406.25 4,009.00 18,883.41 22,883.41 $ 22,883.41 WATER AND SEWER OPERATING-FUND CASH RECEIPTS AND DISBURSEMENTS Schedule B -8 For the Year Ended December 31, 1972 Balance - December 31, 1972 Receipts: Total to Account For Disbursements: Hauling Sewage Labor Electricity Supplies Total Disbursements 1,460.00 359.01 149.57 2.50 1,971.08 Balance - December 31, 1972 S (1,971.08) Village of Lino Lakes Anoka County, Minnesota WATER AND SEWER CONSTRUCTION FUND CASH RECEIPTS AND DISBURSEMENTS For the Year Ended December 31, 1972 Schedule B-9 Balance - January 1, 1972 Receipts: Interest on U. S. Treasury Bills Investments Sold: U. S. Treasury Bills $ 3,674.14 5,706.24 765,498.30 Total to Account For $774,878.68 Disbursements: Fence for Pump House $ 1,634.00 Easement 209.00 Publishing 433.20 Labor 18.00 Legal Services on Special Assessments 3,001.50 Legal Opinion on Bond Sale 600.00 Pump House 40,430.00 Well No. 1 3,000.00 Sanitary Sewer and Water Main 200,050.80 Engineering Services 24,713.00 Total Disbursements $274,089.50 Investments Purchased: U. S. Treasury Bills Balance - December 31, 1972 495,013.41 769,102.91 $ 5,775.77 *DEBT SERVICE NO. 2 FUND CASH RECEIPTS AND DISBURSEMENTS Balance - January 1, 1972 Receipts: Interest on U. S. Treasury Bills Special Assessments Total Receipts Investments Sold: U. S. Treasury Bills Total to Account For Disbursements: Interest and Service Charges on Bonds Investments Purchased: U. S. Treasury Bills Balance - December 31, 1972 *For Temporary Improvement Bonds -28- $ 1,815.68 86,858.00 $ 19,833.00 Schedule B -10 $ - 88,673.68 265,339.64 $354,013.32 247,006.71 266,839.71 $ 87,173.61 Village of Lino Lakes Anoka County, Minnesota ASSESSED VALUATIONS, TAX LEVIES AND TAX RATES Schedule 1 Year Assessed: Year Collectible: 1972 1971 1970 1973 1972 1971 ASSESSED VALUATIONS: Real Estate $6,462,222.00 $1,657,753.00 $1,572,428,00 Personal Property 576,092.00 170,902.00 157,886.00 Sub -Total $7,038,314.00 $1,828,655.00 $1,730,314.00 *Exempt Personal Property - - 29,136.00 Totals $7,038,314.00 $1,828,655.00 $1,759,450.00 TAX LEVIES BY COUNTY AUDITOR: Revenue $ 2,994.00 $ - $ 23,843.73 Road and Bridge 78,500.00 61,899.98 57,152.27 Fire Protection 8,660.00 8,320.38 7,717.20 Parks and Playgrounds - 7,113.46 14,482.73 Civil Defense - 3,291.58 4,204.66 Gopher Control Bonds 16,400.00 11,995.98 7,509.56 Metro Sewer - 10,002.74 - Totals $ 106,554.00 $ 102,624.12 $ 114,910.15 TAX LEVIES IN MILLS: Revenue .42 - 13.78 Road and Bridge 11.11. 33.85 33,03 Fire Protection 1.23 4.55 4.46 Parks and Playgrounds - 3.89 8.37 Civil Defense - 1.80 2.43 Gopher Control - - Bonds - Municipal Building 2.32 6.56 4.34 Metro Sewer - 5.47 - Totals 15.08 56.12 66.41 *Loss of revenue from exempt personal property was paid to the Village by the State out of sales tax revenue and was included in the tax settlements from the County with the collections from taxable properties. * *Levy certified to County Auditor per Council resolution. Company Auto - Owners Insurance Company Village of Lino Lakes Anoka County, Minnesota INSURANCE AND BONDS IN FORCE December 31, 1972 Policy No. Term 159768 3 Years Great Central Insurance Company C53800 1 Year Auto - Owners Insurance Company 687006- 08607306 3 Years 08607307 Maryland Casualty Company 94- 229259 1 Year Auto- Owners Insurance Company 08607943 2 Years Maryland Casualty Company 94- 229271 7 Years -30- 1 1 1 1 Expires 8/26/741 1 1 1 1 1 1 1 3/31/7x3' 2/14/74 1 9/18/73 1 3/13/73 9/26/79 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 Insurable Values Amount Schedule 2 Coverage Premium Multi -Peril Policy: *Fire and Extended Coverage $100,873.60 $100,543.60 Municipal Building 5,000.00 5,000.00 Dwelling - Sunrise Park 9,834.00 4,573.74 Contents - Sunrise Park 5,000.00 5,000.00 Storage Building - Sunrise Park 5,000.00 5,000.00 Recreation Room & Warming House - Sunrise Park 13,296.95 7,548.78 Contents at Municipal Building 315.00 315.00' Contents at Lino Lakes Park 1,000.00 1,000.00 Warming House - Lino Lakes Park $140,319.55 $128,981112 Total Annual $2,026.10 100 /300M Municipality - Bodily Injury Liability 100M - Property Damage Liability 100/300M Fleet Auto - Bodily Insury Liability 10M - Property Damage Liability A.C.V. (14 listed - Comprehensive A.C.V. vehicles) - Collision - $100 Deductible 10/20M - Uninsured Motorist 100 /300 /10M - Non - Ownership Replacement Glass Coverage - 18 Plates $ 17,713.00 Schedule Property Floater - $50 Deductible 5,000.00 Assessor's Books Statutory Workmen's Compensation $ 783.00 Public Employees Blanket Bond: Blanket Position Bond - All Employees $ 250.00 $ 282.00 $ 10,000.00 $ 30,000.00 5,000.00 500.00 2,000.00 Clerk - Treasurer - June Emerton Treasurer Bond - Edna Sarner Assessor's Bond - Edna Sarner Notary Bond - Edna Sarner *With 90% Co- Insurance Clause - 31- 18.00 18.50 10.00 R E P O R T O N CASH AUDIT VILLAGE OF LINO LAKES Anoka County, Minnesota For the Eight and One -Half Month Period Ended September 15, 1972 Waldemar A. Hill Certified Public Accountant 207 Apache Office Park Building 2500 - 39th Avenue Northeast Minneapolis, Minnesota 55421 WALDEMAR A. HILL C E R T I F I E D P U B L I C A C C O U N T A N T MINNEAPOLIS, MINNESOTA 55421 ACCOUNTANT ` S OPINION Members of the Village Council Village of Lino Lakes Anoka County, Minnesota Gentlemen: I have made a cash audit of the fund balances of the Village of Lino Lakes as of September 15, 1972, and the related fund transactions for the eight and one -half month period ended on that date* It was determined that all cash received as indicated by copies of receipts issued and other supporting memoranda had been recorded and that all disbursements had been properly authorized, vouchered, and recorded. The total cash balances in the various funds amounted to $100,958.25, of which $16,500,00 had been placed in savings certificates. In addition, temporary investments had been made in U. S. Government Treasury Bills in the amount of $149,185.58. A summary of the cash receipts and disbursements by funds is included in this report, as well as a detailed schedule on the cash funds on deposit. Two petty cash funds for $50.00 each, maintained in the clerk's office, were also counted during the examination. WAHiawh September 27, 1972 -1- Respectfully submitted, Waldemar A. Hill Certified Public Accountant IF THIS REPORT IS PUBLISHED IT MUST DE REPRODUCED IN ITS ENTIRETY. EXTRACTS MAY NOT BE PUBLISHED WITHOUT AUTHORIZATION. Pillage of Lino lakes Anoka County, Minnesota SUMMARY OF CASH NOCE/PIS AND DXSBHRSEMENTS BY FUNDS For the Eight and One -Half Month Period Ended September 15, 1972 Investments Cash *Add Add Lase *Less Cash Investments on Hand Balance Cash Investments Investments Disburse- Balance on Hand Fund 1/1/72 1/1/72 Receipts Sold Purchased meats 9/15/72 9/15/72 General $ 11,556.49 $ 74,920.32 $ 69,008.86 $ 17,467.95 Fire Protection 1,578.25 5,022.78 7,858.94 (1,257.91) Civil Defense 1,213.06 2,062.24 1,112.55 2,162.75 Parks and Playgrounds 13,616.81 6,083.53 6,444.69 13,255.65 Road and Bridge 16,839.54 42,335.47 29,803.79 29,371.22 **Debt Service No. 1 9,222.07 6,088.99 11,576.25 3,734.81 Metro Sewer Hookup 4,000.00 6,168.75 10,168.75 Metro Sewer Levy 5,077.26 5,077.26 Water and Sewer Construction $319,280.28 3,674.14 5,163.29 $617,072.50 $397,249.27 $216,297.07 12,363.59 $ 99,457.05 ***Debt Service No. 2 66.715.00 1.544.21 215,611.11 198,624.64 9,916.50 8,614.18 49,728.53 Totals 385 995.28 $ 61,700.36 $154,466.84 $8324683.61 295.873.91 125.1.411a 1122.425 8.25 X149,185.58 *Includes fund transfers totaling $903.16. **Tor Municipal Building Bonds - $100,000.00 original issue. ***For Temporary Improvement Bonds - $550,000.00 original issue. Village of Lino Lakes Anoka County, Minnesota CASH IN CENTENNIAL STATE BANK OF LEXINGTON September 15, 1972 Checking Account: Balance per Bank Statement - 9/20/72 $ 85,377.13 Add Deposit in Transit - 9/21/72 275.30 Total $ 85,652.43 Less Checks Outstanding: Payroll: General: Total Checks Outstanding Balance per Books Savings Certificates: Number Amount 1803 $ 50.00 4670 15.00 4710 72.41 4711 289.00 4715 189.25 4716 89.55 4717 251.83 4718 13.30 * 55.40 69.10 44.92 * 42.42 • * 12.00 Number Amount 314 $ 500.00 315 500.00 316 500.00 1654 4,000.00 1826 1,000.00 1827 1,000.00 1828 1,000.00 1829 1,000.00 1830 1,000.00 1810 2,000.00 1765 500.00 1759 2,000.00 1706 1,000.00 1678 500.00 Total Savings Certificates Total Cash in Bank *Payroll deductions unremitted. **Overdeposit of prior payroll deductions. 1,194.18 $ 84,458.25 16,500.00 $100,958..25