HomeMy WebLinkAboutAudit Report 12/31/1973R E P O R T O N AUDIT
VILLAGE OF LINO LAKES
Anoka County, Minnesota
For the Year Ended December 31, 1973
Hill Milne & Co.
Public Accountants
Brookdale Towers
2810 County Road 10
Minneapolis, Minnesota 55430
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VILLAGE OF LIMO LAKES
ANOKA COUNTY, MINNESnTA
' CONTENTS
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Village Officials 1.2
Accountants' Opinion 3
EXHIBITS
A Balance Sheet by Funds 4-5
A -a Balance Sheet - Special Revenue Funds 6
B Summary of Cash Receipts and Disbursements by Funds 7 -8
C Combined Comparative Balance Sheet 9
Comments 10,12
Details on Balance Sheet Items
SCHEDULES
A -1 Cash on Hand 13
A -2 Cash in Centennial State Bank of Lexington 14
A -3 U. S. Government Securities 15
A-4 Current Taxes Receivable 15.
A -5 Delinquent Taxes and Assessments Receivable 15
A -6 Summary of General Fixed Assets 16
A -6a Additions to General Fixed Assets 17
A -7 Summary of Water and Sewer Utility Properties 18
A -8 Bonded Indebtedness 1,9
IIDetails on Cash Receipts and Disbursements b,. Funds
SCHEDULES
B-1 General Fund Cash Receipts and Disbursements 20 -22
B -la Condensed Comparison of Cash Receipts and Disbursements -
General Fund 23
B-2 Fire Protection Fund Cash Receipts and Disbursements 24
B -3 Pplice Fund Cash Receipts and Disbursements 24
B -4 Civil Defense Fund Cash Receipts and Disbursements 25
B -5 Parks and Playgrounds Fund Cash Receipts and Disbursements 26
II B-6 Road and Bridge Fund Cash Receipts and Disbursements 27
B -6a Condensed Comparison of Cash Receipts and Disbursements -
Road and Bridge Fund 28
B -7 Revenue Sharing Fund Cash Receipts and Disbursements 29
B -8 Debt Service No. 1 Fund Cash Receipts and Disbursements 29
B -9 SAC Fund Cash Receipts and Disbursements 30
B -10 Metro Sewer Fund Cash Receipts and Disbursements 30
II B -11 Water and Sewer Operating Fund Cash Receipts and Disburse-
ments 31
B -12 Water and Sewer Construction Fund Cash Receipts and
Disbursements 31
B -13 Debt Service No. 2 Fund Cash Receipts and Disbursements 32
SCHEDULES
1 Assessed Valuations, Tax Levies and Tax Rates 33
2 Insurance and Bonds in Force 34 -35
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VILLAGE OF LIMO LAKES
ANOKA COUNTY, MINNESOTA
VILLAGE COUNCIL AND OFFICIALS
For the Year Ended December 31, 1973
VILLAGE COUNCIL:
*William Bohjanen
*Donald Marier
*Ronald Jaworski
*Richard Zelinka
*Andrew Cardinal
VILLAGE OFFICIALS:
Edna Sarner
Joanne Prankratz
Babcock, Locher, Neilson &
Mannella
Milner W. Carley and
Associates
Lee Starr
*Marvin Myhre
Albert Dupre
Robert Vadnais
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
Forest Lake Times
Springsted, Inc.
PARK BOARD:
Harold Lehman
Donald Kent
Franklin Resch
James McGeary
Francis Faymonville
PLANNING AND ZONING BOARD:
John McLean
Ed Karth
James J. Hill
Arnold Kelling
James Shearen
David Ferrand
Pete Nadeau
*Elected Officials
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
Deputy Clerk
Attorneys
Engineers
Planner
Chief Constable
Building Inspector
Plumbing Inspector
Road and Park Supervisor
Assessor
Deputy Assessor
Weed Inspector
Fire Marshall
Civil Defence Director
Dog Catcher
Health Inspector
Sunrise Park Supervisor
Lino Lakes Park Supervisor
Bank Depository
Official Newspaper
Bonding Consultants
Chairman
Chairman
Indefinite
Indefinite
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Indefinite
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Continued
ENVIRONMENTAL COMMISSION:
Art Hawkins
Gerald Clausen
Arthur Robyn
Mrs. Sylvia Brison
Mrs. Mary Sawyer
PERSONNEL COMMISSION:
Richard Cartier
Curtis Kramer
Mrs. Harold Kelly
Albert Thiltgen
Lawrence Johnson
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12/31/73
HILL MILNE & CO.
600 BROOKDALE TOWERS
2810 COUNTY ROAD #10
MINNEAPOLIS,, MINN. 55430
ACCOUNTANTS' OPINION
Members 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 pf the Village of Lino Lakes as of December 31, 1973, and the related .
fund transactions for the year then ended. Our examination was made in ac-
cordance 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.
We have modified the cash 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,
1973, 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 pro-
cedures 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.
L1' et,
Waldemar A, Hill, C.P.A.
WAH:dn
Date Field Work Completed: February 21, 1974
Date Report Signed: April 24, 1974
ASSETS
Current Assets :
Petty Cash A -1
Cash on Hand and in Bank A -2
U. S. Government Securities A -3
Taxes Receivable:
Current Levy A -4
Federal and State Aids A -4
Delinquent Levies A -5
Special Assessments:
Current
Delinquent A -5
Total Current Assets
Sch.
Fixed Assets:
Land
Buildings
Equipment
Water and Sewer Systems
Total Fixed Assets
Deferred Assets:
Amount to be Provided For
Retirement of Bonds
TOTAL ASSETS
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
BALANCE SHEET BY FUNDS
December 31, 1973
Total
General
Fund
(Exh. A -a)
Special
Revenue
Funds
Water and
Sewer
Construction
Fund
100.00 $ 50.00 $ 50.00 $
228,234.29 17,104.75 37,255.27 53,195.16
94,598.25
106,859.00
89,375.01
12,140.01
5,604.00
59,375.01
686.00
85,755.00
30,000.00
5,344.74
81,016.88
43,337.12
$ 655,660.56 $ 82,819.76 $158,405.01
A -6
$ 30,168.91 $
121,166.15
68,439.84
A -7 441,786.08
$ 661,560.98 $
LIABILITIES AND SURPLUS
Current Liabilities:
Contract Payable
Bonds Payable- Current A -8
Bond Interest Payable
(Due Within One Year) A48
Total Current Liabilities
Non - Current Liabilities:
Bonds Payable
Less Current Maturity
Balance
Deferred Revenue:
Unrealized Revenue on Cash
Basis: Receivables
Less Liabilities
Net Deferred Revenue
Surplus:
Contributed - Customers
Investment in Fixed Assets
Fund Balances
Total Surplus
A -$
53,195.16
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$ 340,000.00 $ $ $
$1,657,221.54 $ 82,819.76 $158,405.01 $ 53,195.16 ,
$ 2,750.00 $ 2,750.00 $
560,000.00
25,507.50
588,257.50 $ 2,750.00 $
$ 640,000.00 $
560,000.00
$ 80,00.00 $
$ 592,728.02
588,257.50
$ 4,470.52
$ 441,786.08
219,774.90
322,932.54
$ 984,493.52
TOTAL LIABILITIES AND SURPLUS $1,657,221.54
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$ 65,665.01
2,750.00
$ 62,915.01
$
17,154.75
$ '17 ,154.75
$ 82,819.76
$121,099.74 $
$121,099.74 $
37,305.27 53,195.16
$ 37,305.21 $ 53,195.16
$158,405.01 $ 53,195.16
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Water and
Sewer
Operating
Fund
Metro
Sewer
Fund
$ $
(13,998.43) 25,290.78
288.20
Debt
Service
No. 1 Fund
13,189.88
15,500.00
5,821.07
$(13,998.43) $ 25,578.98 $ 34,510.95
441,786.08
$441,786.08 $
Debt
Service
No. 2 Fund
96,196.88.
94,598.25
(Sch. A -6)
General
Fixed
Assets
81,016.88
43,337.12
$315,149.13 $
EXHIBIT A
(Sch. A -9)
General
Long -Term
Debt
$ 30,168.91 $
121,166.15
68,439.84
$215,774,90 $
$ $ $ $260,000.00 $ $ 80,000.00,
$427,787.65 $ 25,578.98 $ 34,510.95 $575,149.13 $219,774.90 ,$ 80,000.00
$
$
10,000.00
5,707.50
$ 15',70T".50
$ $
550,000.00
19,800.00
$569,800.00 $
$550,000.00 $
550,000.00
$ $
288.20 $ 21,321.07 $384,354.00 $
15,707.50 569,800.00
288.20 $ 5,613.57 ($185,446.00) $
$441,786.08 $ $
(13,998.43) 25,290.78 13,189.88
$427,787.65 $ 2g-,290.78 $ 13,189.88
$427,787.65 $ 25,578.98 $ 349510.95
$ $
219,774.90
190,795.13
$190,795.13 $219,774.90
$575,149.13 $219,774.90
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$ 90,000.00
10,000.00
$ 80,000.00
80,000.00
EXHIBIT A -a
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Total Current Assets
LIABILITIES AND SURPLUS
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Village of Lino Lakes
Anoka County, Minnesota
SUMMARY OF CASH RECEIPTS AND DISBURSEMENTS BY FUNDS EXHIBIII B
For the Year Ended December 31, 1973
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Investments Cash
on Hand Balance
Fund Sch. 1/1/73 1/1/73
General B -1 $ $ 33,508.75 $ 83,780.60 $ 1
Fire Protection B-2 2,513.40 8,376.23
Police B-3 4,517.95 18,157.05 '.
Civil Defense B-4 3,520.81 92.85
IIParks and
Playgrounds B -5 15,542.39 252.79
Road and Bridge B-6 41,302.16 85,877.58 11,030.00
Revenue Sharing B-7 27,803.00 10,008.00
*Debt Service N.1 B -8 9,011.47 15,417.16
SAC B-9 7,895.25
Metro Sewer B -10 22,883.41 2,407.37
Water and Sewer
Operating B-11 (1,971.08) 8,775.34
Water and Sewer
Construction B-12 48,795.39 5,775.77 1,400.00
* *Debt Service
No. 2 B-13 48,382.07 87,173.61 75,072.45
Totals $ 97,177.46 $219,260.69 $321,668.57 $ 39,195.05
Add Add
Cash Transfers
Receipts In
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*Fox Municipal Building Bonds - $100,000.00 original issue
* *For Temporary Improvement Bonds - $550,000.00 original issue
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Add Less Less Less Cash Investments
Investments Investments Disburse- Transfers Balance on Hand
Sold Purchased ments Out 12/31/73 12/31/73
48,795.39
145,121.24
$193,916.63
$
$ 72,019.55 $ 28,165.05 $ 17,104.75
8,871.25 2,018.38
23,485.44 (810.44)
1,637.02 1,976.64
10,141.30
136,573.93
11,238.75
7,895.25
11,030.00
5,653.88
1,635.81
26,781.00
13,189.88
25,290.78
20,802.69 (13,998.43)
2,776.00 53,195.16
191,337.42 19,833.00 96,196.88 94,598.25
$1912337.42 $315,274.18 $ 39,195.05 $228,234.29 $ 94,598.25
Summary of Cash Balance:
Cash on Hand;
Undeposited Receipts
Cash in Bank;
Checking Account
Savings Certificates
Total
10.69
49,731.15
178,492.45
$ 228,234.29
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VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
COMBINED COMPARATIVE BALANCE SHEET
December 31, 1973 and 1972
ASSETS
Current Assets:
Cash on Hand and in Bank
U. S. Government Securities
Taxes Receivable
Special Assessments Receivable
Total Current Assets
Fixed Assets:
Land
Buildings
Equipment
Water and Sewer Systems
Total Fixed Assets
Deferred Assets:
Amount to be Provided for Retirement of
Bonds
TOTAL ASSETS
LIABILITIES AND SURPLUS
Current Liabilities:
Contracts Payable -Due Within One Year
Bonds Payable -Due Within One Year
Interest Payable,Due Within One Year
Total Current Liabilities
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:
Contributed- Customers
Investment in Fixed Assets
Fund Balances
Total Surplus
TOTAL LIABILITIES AND SURPLUS
EXHIBIT C
As of A$ of
12/31/73 12/31/72
$ 228,334.29
94,598.25
208,374,02
124,354.00
$ 655,660.56"
$ 30,168.91
121,166.15
68,439.84
441,786.08
$ 661,560.98
$ 219,360,69 $
97,177.46
168,670.09
89,262.50
574,470.74 $
$ 28,204.44 $
121,166.15
62,694.77
433,485.08
$ 645,550.44 $
$ 340,00Q.00 $ 640,000.00
$1,657,221.54 $1,860,021.18
2,750.00
560,000.00
25,507.50
588,257.50
Increase
(Decrease)
88,973.60
(2,579,21)
39,703.93
357091.50
81,189.82
1,964.47
5,745.07
8 301.00
16,010.54
$ (300,000.00)
$ (202,799.64)
$ 2,750.00 $
5,000.00
26,013.75
$ 33,763.75 $'
$ 2,750.00
80,000.00 640,000.00
80,000.00 $ 642,750.0D
$ 592,728.02
588,257.50
$ 4,470.52
$ 441,786.08
219,774.90
322,932.54
$ 984,493.52
555,000,00
(506,25)
554,493.75
(2,750.00)
560,000,00)
$ 257,932.59 $ 334,795,43
36,513.75 551,743.75
$ 221 ,41$.84 $ (216-,948.32)
$ 433,485.08
212,065.36
31. 538.15
$ `.!t :.
$ 8,301.00
7,709.54
6,394.39
$ 22,404.93
$1,657,221.54 $1,860,021.18 $ (202,799.64)
The accompanying notes to financial statements are an integral part of this statement.
VILLAGE OF LIMO 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, 1973. Similar special revenue funds are combined but details are
shown 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 -8, Further explana-
tions,analyses, or listings are presented in the next several paragraphs of
these comments.
CASH ON HAND AND IN BANK - $228,334.29:
Petty cash funds were on hand for a total of $100.00, and in addition,
undeposited receipts of $10.69 as further detailed in Schedule A -1. The sum
of $49,731.15 was carried in the bank checking account. In addition, tempor-
ary excess funds for a total of $178,492,45 had been placed in bank savings
certificates, earning interest variously at 5 and 511%. 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 $230,000.00 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.
U. $. GOVERNMENT SECURITIES - $94,598.25:
Funds from the $550,000.00 sale of Temporary Improvement Bonds of 1971 were
originally invested in government securities. These funds have been converted
into cash as needed in meeting the obligations in connection with the water and
sewer projects which have not been completed. The security transactions during
the year 1973 are shown in Schedule A -3.
TAXES RECEIVABLE - $208,374.02:
The 1973 tax levy, collectible in 1974, amounts to $106,859.00, as detailed
in Schedule A -4 by funds. The local government state aid, collectible in
quarterly installments, amounts to $67,811.01 and the Federal revenue sharing to
$21,564.00.
Delinquent taxes, levied for prior years, amount to $12,140.01 for the last
six years, as summarized in Schedule A -5.
SPECIAL ASSESSMENTS - $124,354.00:
Water and sewer assessments were made against property owners in the
Chomonix development originally for a total of $461,865.52. Assessments may be
paid 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 and $65,213.47, together with interest, during 1973.
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Annual installments are placed on the tax rolls for collection. The
amount of $81,016.88, together with interest, represents the current install-
ment which was placed on the 1973 tax rolls to be collected in 1974. Delinquent
assessments represent the uncollected assessments placed on the 1972 tax rolls
which were not collected in 1973, amounting to $43,337.12.
FIXED ASSETS (PROPERTIES) - $661,560.98:
Village -owned general properties are summarized in Schedule A -6, totaling
$219,774.90. Additions for a total of $11,209.54 and removals for a total of
$3,500.00 during 1973, 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 of water and sewer service for the Chomonix development begun
late in the year 1971 is summarized in Schedule A -7, totaling $441,786.08. In-
asmuch as the operation of these services is quite limited, no depreciation
has been taken on these properties.
CURRENT LIABILITIES - $588,257.50:
One more installment of $2,750.00 remains payable on the Village Hall site
land contract.
The current maturities on bonded debt amount to $560,000.00
The Temporary Improvement Bonds of 1971 for $550,000.00 become due
November 1, 1974, and the annual installment on the Municipal Building Bonds
amounts to $10,000.00.
NON- CURRENT LIABILITIES - $80,000.00:
The balance of the building bonds, remaining outstanding after excluding
payment 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 -8.
DEFERRED REVENUE - $4,470.52:
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 - $984,493.52:
The net worth of the Village is reflected by the surplus accounts. Contri-
buted surplus of $441,786.08 represents the cost of water and sewer facilities
assessed against benefitted property owners, reduced by other costs incurred.
Surplus Invested in Fixed Assets represents the Village's investment in general
fixed properties, totaling $219,774.90. Fund balances represent cash or invest-
ments 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 1973, showing the fund balances as of December 31, 1973. Schedules
Bl through B13 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 disbursements for
the General Fund and for the Road and Bridge Fund with those of the prior year
are presented in Schedules Bla and B6a, 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 Police
Fund and the Water and Sewer Operating Fund (in the red) $810.44 and $13,998.43,
respectively. In total, all cash fund balances at $322,832.54, including invest-
ments, increased by $6,294.39 from the total balances at the beginning of the
year.
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 are reasonably 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 picutre 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 of $8,024,281.00 increased by $985,967.00, or 14.01 %, from that
of the previous year.
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.
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
CASH ON HAND Schedule A -1
December 31, 1973
Petty Cash:
General Fund $ 50.00
Road and Bridge Fund 50.00
Undeposited Receipts:
Receipt # Amount
5197 $ 2.60
5212 2.00
Sundry 6.09
Total
100.00
10.69
110.69
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
CASH IN CENTENNIAL STATE BANK OF LEXINGTON
December 31, 1973
Checking Account:
Balance per Bank Statement - 12/31/73
Add Deposit in Transit
Total
Less Checks Outstanding:
General:
Payroll:
Balance per Books
Savings Certificates:
Number Amount
1823 $ 500.00
1824 500.00
1825
*1654
*1826
*1827
*1828
*1829
*1830
1810
1765
500.00
4,000.00
1,064.08
1,064.08
1,064.08
1,064.08
1,064.08
2,000.00
500.00
Total Cash in Bank
Total Checks Outstanding
Number Amount
1759 $ 2,000.00
1706 1,000.00
1678 500.00
*1859
*1878
*1881
*1887
*1893
*1894
*1896
*2016
525.47
2,101.89
13,205.12
21,128.20
525.47
43,876.60
13,073.07
7,854.78
Number Amount
5199 $ 1.00
5202 1.00
5462 20.00
5486 484.50
5494 497.52
5496 2.96
5497 85.00
5499 83.55
5500 57.90
5502 33.70
5503 21.12
5507 10.41
5508 673.69
5510 77.30
5513 20.00
5514 20.00
5515 20.00
5516 20.00
5517 20.00
5518 25.00
2265
2268
2285
Number
*2024
*2037
*2064
*2065
*2066
*2139
*2157
*2165
*2198
Total Savings Certificates
*Interest compounded quarterly at 5 %.
-14-
50.00
50.00
57.47
Amount
$ 512.57
897.01
45,188,91
506.25
835.31
7,417.40
675.00
2,154.00
1,195.00
Schedule A -2
$ 45,450.77
6,612.50
$ 52,063.27
2,332,12
$ 49,731.15
178,492.45
$228,223.60
U. S. Treasury Bills:
Purchased 10/13/72
Less Sold 4/12/73
Purchased 4/17/73
Less Sold 10/12/73
Purchased 10/24/73
Totals
Fund
General Revenue
Road and Bridge
Fire Protection
Police
Parks and Playgrounds
Civil Defense
Debt Service No. 1
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
U. S. GOVERNMENT SECURITIES
December 31, 1973
Sales
Cost Price
$ 97,177.46 $
(97,177.46) 100,000.00
96,739.17
(96,739.17) 100,000.00
94,598.25
$ 94,598.25
CURRENT TAXES RECEIVABLE
Totals
Add * *Federal Revenue Sharing
Total Federal and State Aids
Tax Levy
Schedule A -3
Interest
Earned
2,822.54
3,260.83
$ 6,083.37
Schedule A -4
*State Aid
$ 5,604.00 $ 37,811.01
47,900.00 30,000.00
10,105.00
21,600.00
5,150.00
1,000.00
15,500.00
$106,859.00
$ 67,811.01
21,564.00
$ 89,375.01
*State aid for local government is receivable in quarterly installments from the
State Sales Tax Fund.
* *Three quarterly installments reflected as receivable.
DELINQUENT TAXES AND ASSESSMENTS RECEIVABLE
December 31, 1973
Year Collectible:
1973
1972
1971
1970
1969
1968
Totals
Distribution of Delinquent Taxes:
Revenue
Road and Bridge
Fire Protection
Parks
Civil Defense
Debt Service No. 1
Metro Sewer
Total
-15-
*Taxes
$ 6,415.36
2,409.40
2,442.70
913.19
(116.37)
75.73
$ 12,140.01
$ 686.00
4,059.07
508.78
599.40
177.49
5,821.07
288,20
$ 12,140.01
Schedule A -5
Special
Assessments
$ 43,436.47
46.75
(146.10)
43,337.12
VILLAGE OF LIMO LAKES
ANOKA COUNTY, MINNESOTA
SUMMARY OF GENERAL FIXED ASSETS
December 31, 1973
Description
Land:
—Fain Street - 30 Acres
Sunrise Park - 20 Acres
*Lino Lakes Park
Lots - Road Site
Tax Forfeited Land - 5 Parcels
Total Land
Buildings:
Municipal Building
* *Sunrise Park Buildings
* *Lino Lakes Park Building
Total Buildings
Furniture and Equipment:
Road and Bridge:
Motor Vehicles
Other Equipment
Shop Equipment
Civil Defense
Municipal Building - General
Clerk's Office
Police
Fire Protection
Parks and Playgrounds
Total Furniture and Equipment
TOTAL GENERAL FIXED ASSETS
Balance
1/1/73
1973
Additions
(Removals)
$ 18,146.94 $
10,000.00
57.50
$ 28,204.44
$100,166.15
20,000.00
1,000.00
$121,166.15 $
Schedule A -6
Balance
12/31/73
$ 18,146.94
10,000.00
1,964.47 1,964.47
57.50
1,964.47 $ 30,168.91
$ 22,357.00 $ (2,500.00)
2,548.50 1,451.70
5,021.71 747.45
3,498.10
1,637.07
6,388.94
671.74
7,402.67 3,034.18
934.50
12,906.28 2,340.00
$ 62,694.77 $ 5,745.07
$212,065.36 $ 7,709.54
*Cost nor present value not readily available.
* *Insurable values.
$100,166.15
20,000.00
1,000.00
$121,166.1
$ 19,857.00
4,000.20
5,769.16
3,498.10
1,637.07
7,060.68
10,436.85
934.50
15,246.28
$ 68,439.84
$219,774.90
VILLAGE OF LINO LAKES
ANOKA COUNTY, MIMNESOTA
ADDITIONS TO GENERAL FIXED ASSETS
For the Year Ended December 31, 1973
Land;
--Las (2) in Nordin Manor
Furniture and Equipment:
Road and Bridge:
Shop Equipment:
Steam Cleaner
Other Equipment:
Sander
Clerk's Office:
Stationery Cabinet
IBM Typewriter
Calculator
Police:
1970 Plymouth
Auto Equipment
Parks and Playgrounds:
Fence at Sunrise Park
Fence for Village Hall Diamond
Total Additions
Removals:
Road and Bridge:
Truck and Tanker
Police:
1969 Ford
$ 747.45
1,451.70
91.90
477.00
102.84
$ 3,679.00
355.18
1,090,00
1,250.00
$ 2,199.15
671.74
4,034.18
2,340.00
Schedule A -6a
$ 1,964.47
9,245.07
11,209.54
$ 2,500.00
1,000.00
Total Removals $ 3,500.00
VILLAGE OF LITIO LAKES
ANOKA COUNTY, MINNESOTA
SUMMARY OF WATER AND SEWER UTILITY PROPERTIES
December 31, 1973
Property
Water Mains
Sewer Mains and Lift Station
Well No. 1
Vertical Turbine Pump
Pump House
Truck and Tanker
Schedule A -7
Balance 1973 Balance
1/1/ -73 Additions 12/31/73
$127,470.96 $ $127,470.96
235,824,39 2,776.00 238,600.39
18,500.16 18,500.16
3,000.00 3,000.00
48,689,57 48,689.57
5,525.00 5,525.00
Totals $433,485.08 $ 8,301.00 $441,786.08
.18-
Description of Bonds
1) Temporary Improvement
2) Municipal Building
Totals
Details on Bond Issued Outstanding:
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
Date of
Issue
VILLAGE OF LIMO LAKES
ANOKA COUNTY, MINNESOTA
BONDED INDEBTEDNESS
December 31, 1973
Amount of
Issue
$550,000.00
100,000.00
Balance
1/1/73
$550,000.00
95,000.00
$645,000.00
Interest
Rates
3.60%
6.50 -6.80%
Municipal Building Bonds of 1970
Principal
March 1
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
Total $ 90,000.00
Payments Due
Interest
' March 1 September 1
$ 3,022.50 $ 2,685.00
2,685.00 2,347.50
2,347.50 2,022,50
2,022.50 1,692.50
1,692.50 1,357,50
1,357.50 1,020.00
1,020.00 680.00
680.00 340.00
340.00
$ 15,167.50 $ 12,145.00
Schedule A -8
1973 Balance
Payments 12/31/73
$550,000,00
5,000.00 90,000.00
$ 5,000.00 $640,000.Q0
Payment
Dates
5/1/ & 11 /1
3/1 & 9/1
* *Tax
Levy
Maturity
Date
*11/1/74
3/1/82
Temporary
Improvement
Bonds of
1971
Interest Due
$ 16,200.00 $
15,500.00 19,800.00
14,800,00
14,100.00
13,400,00
12,700,00
12,000,00
11,300,00
$110,000,00 $ 19,800,00
*Temporary Improvement Bonds of 1971 are callable 11/1/73 and 5/1/74, at par,
* *Collectible during year following levy.
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
GENERAL FUND CASH RECEIPTS AND DISBURSEMENTS
For the Year Ended December 31, 1973
Actual
Balance - January 1, 1973 $ 33,508.75
Receipts:
Tax Settlements:
General Revenue
Mortgage Registry
Penalties and Interest
Delinquent Taxes - Sundry
Licenses and Permits:
Liquor
Beer
Cigarette
Special Use Permits
Dance
Building and Moving Permits
Plumbing Permits
Dog and Kennel
Contractor and Business
Sign Permits
State Tax Apportionments:
Local Government Aid $ 52,406.12
Less To Road and Bridge
Fund (10,000.00)
Net to General Fund
Gigarette
Liquor
Personal Property
Refunds and Reimbursements:
Credit Card
Assessor's Tuition
Insurance Refunds
Charges for Current Services:
SAC Handling
Dog Handling
Election Filing Fees
Rezoning, Variances and Platting
Assessment Searches and Assignments
-2o
$ 2,929.32
1,515.35
540.68
160.87
$ 12,080.00
236.00
252.00
208.00
200.00
1,925.37
1,105.00
134.00
200.00
2,685.20
$ 42,406.12
7,506.25
5,271.49
456.40
$ 2.98
130.00
495.22
79.75
259.00
12.00
141.00
187.35
5,146.22
19,025.57
Schedule B -1
Budget
Estimate
$ 2,994.00
10,350.00
250,00
200.00
200.00
200.00
2,500.00
2,500.00
150.00
250.00
1,500.00
18,100.00
$ 42,406.00
7,500.00
7,500.00
56,640.26 $ 57,406.00
628.20
679.10
350.00
1,375.00
(Continued)
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
GENERAL FUND CASH ,RECEIPTS AND DISBURSEMENTS
Receipts (Continued);
'Miscellaneous Revenue:
Sale of Police Auto
Interest Earned on C.D,'s
County Gopher Bounty
Court Fines and Costs
Total Cash Receipts
Total to Account For
Disbursements;
Village Council;
Salaries
Expense Allowance
Telephone
Fuel
Electricity
Insurance and Bonds
Membership Dues
Building Maintenance, Labor and
Supplies
General Supplies
Elections:
Salaries
Supplies
Finance:
Salary of Clerk- Treasurer
Salaries of Assistants
Office Supplies and Expense
Payroll Taxes
Auditing Service
Surcharges - Building and Plumbing
Sales Tax
Assessing:
Salaries
Legal:
Professional Services
Printing and Publishing
Planning and Zoning:
Engineering Services
Planning Consultant
Actual
205,00
582,15
124.10
750,00
$ 3,000,00
1,100,00
1,123,74
731,46
963.05
6,457,86
9,00
1,240,21
998,94
$ 270.00
87,00
$ 7,475.00
3,162.55
964,73
4,513.03
1,475.00
858,43
26.48
$ 11,362.14
Q98,13
$ 8,382.75
2,100.00
21-
$ 1,661)25
$ 83,780.60
$117,289.35
15,624,26
357,00
Schedule B -1
(Page 2)'
Budget
Estimate
$
150,00
200,00
750,00
1,100.00
81,32500
$ 3,000,00
1,200,00
600,00
1,000,00
800,00
7,500,00
800.00
1,500,00
1 0 0,00
$ ,
$ 350,00
50,00
$ 460.00
$ 7,800,00
2,860.00
500,00
3,800,00
1,500,00
500,00
18,475,22 $ 16,96040
3,540.00 $ 3,500,00
$ 6,000.00
1,00 ,00
12,260,27 $
$ 4,500.00
2,200.00
10,482,75 $ 6,700.00
(Continued)
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
GENERAL FUND CASH RECEIPTS AND DISBURSEMENTS
Disbursements (Continued):
Protective Inspection:
Building Inspection
Plumbing Inspection
Weed Inspection - Fees
Supplies
Animal Control:
Dog Catcher
Gopher Bounties
Refunds:
Licenses and Permits
Miscellaneous
Actual
Schedule B -1
(Page 3)
Budget
Estimate
$ 1,874.14 $ 825.00
1,755.40 750.00
151.14 175.00
41.00 100.00
$ 3,821.68 $ 1,850.00
$ 2,575.75 $ 2,300.00
157.50 500.00
2,733.25 $ 2,800.00
$ 1,004.00 $ 1,000.00
24.38 500.00
1,028.38 $ 1,500.00
Bulk Gasoline $ 2,000.00
Capital Outlay:
Land Contract Payment
Land Contract Interest
Office Furniture and Equipment
$ 2,750.00
275.00
671.74
$ 2,750.00
300.00
200.00
3,696.74 $ 3,250.00
Total Disbursements $ 72,019.55 $ 63,360.00
Transfers Out to Other Funds:
Revenue Sharing Fund
Police Fund
Total Deductions
Balance - December 31, 1973
$ 10,008.00
18,157.05 28,165.05
$100,184.60
$ 17,104.75
VILLAGE OF LIMO LAKES
ANOKA COUNTY, MINNESOTA Schedule B -la
CONDENSED COMPARISON OF CASH RECEIPTS AND DISBURSEMENTS - GENERAL FUND
For the Years Ended December 31, 1973 and 1972
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
Transfers Out to Other Funds:
Revenue Sharing Fund
Police Fund
Total Transfers Out
Total Deductions
Cash Balance - End of Year
Year
1973
$ 33,508.75
$ 5,146.22
19,025.57
56,640.26
628.20
679.10
1,661.25
$ 83,780.60
$117,289.35
$ 15,624.26
357.00
18,475.22
3,540.00
12,260.27
10,482.75
3,821.68
2,733.25
1,028.38
3,696.74
$ 72,019.55
$ 10,008.00
18,157.05
$ 28,165.05
$100,184.60
$ 17,104.75
Year Increase
1972 (Decrease)
11,556.49 $ 21,952.26
$ 4,855.69
10,008.00
15,404.17
53,113.64
23,751.44
4,107.73
1,597.73
$112,838.40
$124,394.89
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
$ 290.53
(10,008.00)
3,621 .40
3,526.62
(23,123.24)
(3,428.63)
63.52
$(29,057.80)
$ (7,105.54)
$ 928.19
(452.75)
3,705.78
315.50
5,095.67
8,810.25
(16,037.46)
1,548.03
(162.86)
(22,634.12)
17.18
$(18,866.59)
$ 28,165.05
$ 90,886.14 $ 9,298.46
$ 33,508.75 $(16,404.00)
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
FIRE PROTECTION FUND CASH RECEIPTS AND DISBURSEMENTS
For the Year Ended December 31, 1973
Actual
Balance - January 1, 1973
Receipts:
Tax Levy
Total to Account For
Disbursements:
Fire Marshall - Salary and Allowance $ 294.00
Fire Marshall - Wage Reimbursement 30.25
Fire Contract - Centerville 3,000.00
Fire Contract - Lexington 5,547.00
Total Disbursements
Balance - December 31, 1973
$ 2,513.40
Schedule B -2
Budget
Estimate
8,376.23 $ 8,660.00
$ 10,889.63
$ 260.00
200.00
8,200.00
8,871.25 $ 8,660.00
$ 2,018.38
POLICE FUND CASH RECEIPTS AND DISBURSEMENTS
For the Year Ended December 31, 1973
Balance - January 1, 1973
Receipts:
State Aid
Police Contract with Centerville
Total Receipts
Transfers In From Other Funds:
General Fund
Total to Account For
Disbursements:
Salaries - Police
Salaries - Deputy Clerk
Uniforms
General Supplies
Auto Repairs
Gasoline
Equipment Repairs
Capital Outlay:
1973 Plymouth
Auto Equipment
Total Disbursements
Balance - December 31, 1973
Actual
$ 13,121.68
538.65
889.72
1,370.92
1,710.57
1,660.15
159.57
3,679.00
355.18
-24-
2,389.95
2,128.00
$ 4,517.95
18,157.05
$ 22,675.00
Schedule B -3
Budget
Estimate
$ 22,675.00
$ 16,875.00
500.00
1,500.00
3,200.00
600.00
23,485.44 $ 22,675.00
$ (810.44)
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
CIVIL DEFENSE FUND CASH RECEIPTS AND DISBURSEMENTS
For the Year Ended December 31, 1973
Actual
Balance - January 1, 1973 $ 3,520.81
Receipts:
Tax Levy
Total to Account For
Disbursements:
Labor $ 51.06
Director's Expense Allowance 300.00
General Supplies and Repairs 57.72
Gasoline 73.37
Uniforms and Patches 547.48
Float Supplies and Costumes 427.99
First Aid Supplies 179.40
Total Disbursements
Balance - December 31, 1973
-25-
92.85
$ 3,613.66
.Schedule B -4
Budget
Estimate
300.00
700.00
1,000.00
1,637.02 $ 2,000.00
$ 1,976.64
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
PARKS AND PLAYGROUNDS FUND CASH RECEIPTS AND DISBURSEMENTS Schedule B -5
For the Year Ended December 31, 1973
Actual
Balance - January 1, 1973 $ 15,542.39
Receipts:
Tax Levy
252.79
Total to Account For $ 15,795.18
Disbursements:
Salary - Caretaker
Other Salaries and Wages
Utilities and Fuel
Gasoline
General Supplies
Building and Grounds Maintenance
Baldwin Lake Park Property Lease
Community Education Program
Equipment Repairs
Capital Outlay:
Fence at Sunrise Park
Fence at Village Hall Diamond
$ 600.00
3,891.23
812.53
194.72
586.06
736.12
1.00
583.55
396.09
1,090.00
1,250.00
Budget
Estimate
4,000.00
1,000.00
500.00
1.00
900.00
1,500.00
Total Disbursements 10,141.30 $ 7,901.00
Balance - December 31, 1973 $ 5,653.88
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
ROAD AND BRIDGE FUND CASH RECEIPTS AND DISBURSEMENTS
For the Year Ended December 31, 1973
Balance - January 1, 1973
Receipts:
Tax Levy
Local Government State Aid
Old Equipment Sold
Material and Supplies Sold
Total Receipts
Actual
$ 75,314.95
10,000.00
290.80
271.83
Schedule B -6
$ 41,302.16 $
Budget
Estimate
78,500.00
10,000.00
85,877.58 $ 88,500.00
Transfers In From Other Funds:
Revenue Sharing Fund 11,030.00
Total to Account For $138,209.74
Disbursements:
Labor $ 15,363.68
Contracted Road Work 95,329.07
Other Road Work 13,668.65
Culverts 1,127.66
Stump Removal 1,625.00
Shop and Equipment Repairs 1,036.61
Street Lighting 2,034.30
Gas and Oil 815.91
Snow and Ice Removal 550.69
General Supplies 858.74
Capital Outlay:
Sander 1,451.70
Steam Cleaner 747.45
Lots in Nordin Manor 1,964.47
Total Disbursements
Balance - December 31, 1973
$ 20,000.00
61,000.00
4,000.00
2,000.00
1,500.00
136,573.93 $ 88,500.00
$ 1,635.81
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
ROAD AND BRIDGE FUND
CONDENSED COMPARISON OF CASH RECEIPTS AND DISBURSEMENTS Schedule B -6a
For the Years Ended December 31, 1973 and 1972
Cash Balance - Beginning of Year
ADD:
Receipts:
Tax Settlements
State Aid
Other Revenue
Total Receipts
Transfer In From Revenue Sharing
Fund
Total to Account For
DEDUCT:
Disbursements:
Labor
Contracted Road Work
Other Road Work
Equipment Maintenance and Supplies
Gas and Oil
Street Lighting
Capital Outlay
Loan Payments
Total Disbursements
Cash Balance - End of Year
Year Year Increase
1973 1972 (Decrease)
$ 41,302.16 $ 16,839.54 $ 24,462.62
$ 75,314.95
10,000.00
562.63
$ 85,877.58
11,030.00
$138,209.74
$ 15,363.68
95,329.07
15,844.34
3,023.01
815.91
2,034.30
4,163.62
$136,573.93
$ 1,635.81
$ 64,975.85
10,000.00
425.92
$ 75,401.77
$ 10,339.10
136.71
$ 10,475.81
11,030.00
92,241.31 $ 45,968.43
$ 6,117.82
33,241.39
773.72
2,212.94
831.80
1,758.55
2,969.81
3,033.12
$ 50,09.15
$ 41,302.16
$ 9,245.86
62,087.68
15,070.62
810.07
(15.89)
275.75
1,193.81
3,033.12)
$(39,666.35)
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
REVENUE SHARING FUND CASH RECEIPTS AND DISBURSEMENTS
For the Year Ended December 31, 1973
Balance - January 1, 1973
Recei ttss:
Federal Revenue Sharing
Transfers In From Other Funds:
General Fund
Total to Account For
Disbursements
Transfers Out To Other Funds:
Road Fund
Balance - December 31, 1973
$ -0-
Schedule B -7
$ -0-
27,803.00
10,008.00
$ 37,811.00
11,030.00 11,030.00
$ 26,781.00
*DEBT SERVICE NO. 1 FUND CASH RECEIPTS AND DISBURSEMENTS Schedule B -8
For the Year Ended December 31, 1973
Balance - January 1, 1973 $ 22,883.41
Receipts:
Hookup Charges - @ $500.00
Tax Levy
Interest on Savings Certificates
Total Receipts
$ 1,625.00
282.37
500.00
2,407.37
Total to Account For $ 25,290.78
Disbursements -0-
Balance - December 31, 1973 $ 25,290.78
*For Municipal Building Bonds
1
1
VILLAGE OF LINO LAKES
1 ANOKA COUNTY, MINNESOTA
*SAC FUND CASH RECEIPTS AND DISBURSEMENTS Schedule B -9
For the Year Ended December 31, 1973
1
Balance - January 1, 1973 $ -0-
1 Receipts:
Residential Building Permits - 29 @ $275.00 $ 7,975.00
Less 1% Charge to General Fund 79.75 7,895.25
1 Total to Account For $ 7,895.25
1 Disbursements:
Remittances to Metro Sewer 7,895.25
1 Balance - December 31, 1973 $ -0-
*Sewer Availability Contracts.
1
METRO SEWER FUND CASH RECEIPTS AND DISBURSEMENTS Schedule B -10
IIFor the Year Ended December 31, 1973
Balance - January 1, 1973 $ 22,883.41
1 Receipts:
Hookup Charges - @ $500.00 $ 1,625.00
1 Tax Levy 282.37
Interest on Savings Certificates 500.00
Total Receipts 2,407.37
IITotal to Account For $ 25,290.78
Disbursements -0-
1 Balance - December 31, 1973 $ 25,290.78
1
II VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
WATER AND SEWER OPERATING FUND CASH RECEIPTS AND DISBURSEMENTS Schedule B -11
For the Year Ended December 31, 1973
IBalance - December 3.1.,_...] 973 $ (1,971.08)
I Receipts:
Sale of Meters $ 1,048.80
Water Charges 1,063.24
II Sewer Charges 648.00
Sewage Hauling Revenue 5,337.50
Deposits on Service 635.00
Sales Tax Collected 42.80
IITotal Receipts 8,775.34
Total to Account For $ 6,804.26
IIDisbursements:
Hauling Sewage $ 7,450.00
II Metro Sewer Charges 957.25
Labor 1,964.87
Gasoline 797.94
Electricity and Heat 1,019.78
I Repairs and Supplies 1,396.37
Meter Purchases 1,691.48
Truck and Tanker 5,525.00
IITotal Disbursements 20,802.69
Balance - December 31, 1973 $(13,998.43)
II
WATER AND SEWER CONSTRUCTION FUND
II CASH RECEIPTS AND DISBURSEMENTS Schedule B -12
For the Year Ended December 31, 1973
Balance - January 1, 1973 $ 5,775.77
1 Receipts,:
Interest on U. S. Treasury Bills 1,400.00
Investments Sold:
U. S. Treasury Bills 48,795.39
Total to Account For $ 55,971.16
II Disbursements:
Lift Station Stand Pipe $ 2,190.00
Sewage Loading Pipe 88.00
Lift Station Wiring 498.00
ITotal Disbursements 2,776.00
Balance - December 31, 1973 $ 53,195.16
-31-
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
*DEBT SERVICE NO. 2 FUND CASH RECEIPTS AND DISBURSEMENTS
For the Year Ended December 31, 1973
Schedule B -13
Balance - January 1, 1973 $ 87,173.61
Receipts:
Interest on Savings Certificates
Interest on U. S. Treasury Bilis
Special Assessments - Tax Settlements
Special Assessments - Office Collections
Total Receipts
Investments Sold:
U. S. Treasury Bilis
Total to Account For
$ 5,175.61
4,683.37
45,826.03
19,387.44
Disbursements:
Interest and Service Charges on Bonds $ 19,833.00
Investments Purchased:
U. S. Treasury Bills 191,337.42
Balance - December 31, 1973
*For Temporary Improvement Bonds
-32-
75,072.45
145,121.24
$307,367.30
211,170.42
$ 96,196.88
1
1
1
1
1
1
1
1
1
1
1
1
1
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
ASSESSED VALUATIONS, TAX LEVIES AND TAX RATES
Year Assessed:
Year Collectible:
ASSESSED VALUATIONS:
Real Estate
Personal Property
1973
1974
Schedule 1
1972 1971
1973 1972
$7,397,943.00 $6,462,222.00 $1,657,753.00
626,338.00 576,092.00 170,902.00
Totals $8,024,281.00 $7,038,314.00 $1,828.655.00
*TAX LEVIES BY COUNTY AUDITOR:
Revenue $ 85,209.00 $ 2,994.00 $
Road and Bridge 78,500.00 61,899.98
Fire Protection 8,660.00 8,320.38
Parks and Playgrounds 5,150.00 7,113.46
Civil Defense 1,000.00 3,291.58
Bonds 15,500.00 16,400.00 11,995.98
Metro Sewer 10,002.74
Totals $ 106,859.00 $ 106,554.00 $ 102,624.12
TAX LEVIES IN MILLS:
Revenue
Road and Bridge
Fire Protection
Parks and Playgrounds
Civil Defense
Bonds - Municipal Building
Metro Sewer
Totals
10.62
.64
.13
1.93
13.32
II*Levy as certified to County Auditor per Council resolution.
1
1
1
1
1
-33-
.42
11.11
1.23
2.32
33.85
4.55
3.89
1.80
6.56
5.47
15.08 56.12
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
INSURANCE AND BONDS IN FORCE
December 31, 1973
Company Policy No. Term Expires
Auto - Owners Insurance Company 08165486 3 Years 8/26/74
Auto - Owners Insurance Company 08159768 3 Years 8/26/74
Great Central Insurance Company C 56244 1 Year 3/31/74
Auto - Owners Insurance Company 687006-
08607306 3 Years 2/14/74
Auto - Owners Insurance Company 08610008 1 Year 2/14/74
Auto - Owners Insurance Company 08607943 2 Years 3/13/74
Maryland Casualty Company 94- 229271 7 Years 9/36/79
-34 -
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
i
Insurable
Values
$100,873.60
5,000.00
9,834.00
5,000.00
5,000.00
13,296.95
315.00
1,000.00
$140,319.55
Schedule 2
Amount Coverage Premium
$100,543.60
5,000.00
4,573.74
5,000.00
5,000.00
7,548.78
315.00
1,000.00
$128,981.12
100 /300M
100M
100 /300M
1OM
A.C.V.
A.C.V.
100 /300M
100 /300 /1OM
Replacement
$ 17,713,00
5,000.00
Statutory
$ 10,000.00
$ 30,000.00
500.00
2,000.00
Multi -Peril Policy:
*Fire and Extended Coverage
Municipal Building
Dwelling - Sunrise Park
Contents - Sunrise Park
Storage Building - Sunrise Park
Recreation Room & Warming House -
Sunrise Park
Contents at Municipal Building
Contents at Lino Lakes Park
Warming House — Lino Lakes Park
Totals
Annual $ 2,029.02
Comprehensive Liability: Annual
Municipality - Bodily Injury Liability
- Property Damage Liability
Fleet Auto - Bodily Injury Liability
- Property Damage Liability
(14 listed - Comprehensive
vehicles) - Collision - $100 Deductible
- Uninsured Motorist
- Non- Ownership
Glass Coverage - 18 Plates
Schedule Property Floater - $50 Deductible
Assessor's Books
Workmen's Compensation
Bonds:
Blanket Position Bond - All
Employees
Clerk - Treasurer - Edna Sarner
Assessor's Bond - Edna - Sarner
Notary Bond - Edna Sarner
*With 90% Co- Insurance Clause
-35-
2,314.50
1,019.00
$ 250.00
$ 282.00
18.50
10.00