HomeMy WebLinkAboutAudit Report 12/31/1969REPORT ON AUDIT
VILLAGE OF LINO LAKES
Anoka County, Minnesota
For the Year Ended December 31, 1969
Waldemar A. Hill
Certified Public Accountant
202 Apache Office Park Building
2500 - 39th Avenue Northeast
Minneapolis, Minnesota 55421
Village of Lino Lakes
Anoka County, Minnesota
INDEX
Village Officials
Accountant's Opinion
Explanatory Comments
EXHIBITS:
A Balance Sheet by binds as of December 31, 1969
B Summary of Cash Receipts and Disbursements by Funds
for the Year Ended December 31, 1969
0 Combined Comparative Balance Sheet as of December 31,
1969 and 1968
DETAILS ON BALANCE SHEET riE is
SCHEDULES:
A -1 Cash in Bank
A -2 Current Taxes Receivable
A,..3 Special Assessments Receivable
A -4 Delinquent Taxes and Assessments Receivable
A -5 General Fixed Assets (Properties)
A -6 Bonded Indebtedness
SCHEDULES:
B-1
B -la
B-2
B-3
B -4
B -5
B-6
B-6a
B-7
SCHEDULES:
1
DETAILS ON CASH RECE.tx'i'S AND DISBURSMATTS BY FUNDS
General Fund Cash Receipts and Disbursements
General Fund Condensed Comparison of Cash Receipts
and Disbursements
Fire Protection Fund Cash Receipts and Disbursements
Civil Defense Fund Cash Receipts and Disbursements
Gopher Control Fund Cash Receipts and Disbursements
Parks and Playgrounds Fund Cash Receipts and Disbursements
Road and Bridge Fund Cash Receipts and Disbursements
Road and Bridge Fund Condensed Comparison of Cash Receipts
and Disbursements
Debt Redemption Fund Cash Receipts and Disbursements
MISCELLANEOUS
Page
6 -7
8
9
10
11
11
11
12
13
14 - 16
17
18
18
19
19
20
21.
22
Assessed Valuations, Tax Levies and Tax Rates 23
2 Insurance and Bonds in Force 24 - 25
a
Ralph L'Allier.
William Bohjsnen
Henry Roeengren
Ronald Jaworeki
Andrew Cardinal
Village of Lino Lakes
Anoka County, Minnesota
VILLAGE COUNCIL AND OFFICIALS
Ibr the Year Ended December 31, 1969
VILLAGE COUNCIL
Term
Ex ices
Mayor 12/31/71
Councilman and Acting Mayor 12/31/72
Councilman 12/31/71
Councilman 12/31/72
Councilman 12/31/70
VILLAGE OFFICIALS
Mrs. June Emerton
Mrs. Kay Olson
Babcock and Looher
Milner W. Carley and Associates
Marvin Myhre
0. Elwood West
Albert Dupre
Winfield West
Mrs. Richard Sarver
R. V. Ellingsen
Richard J. Juleen
Charles Cape
Bruoe Fleming
Dr. G. T. Midboe
C. E. LeVesseur
Lena Billik
Norman Miller
Rayoume Houle
Harold Lehman
Al Thiltgen
Dale Tresler
John McLean
Ed Barth and Roy Stanley
Arnold Kelling
Glenn Rehbein, E.P. Jester and James Husnik
Clerk - Treasurer
Deputy Clerk
Attorneys
Engineers
Constable
Constable
Building Inspector
Plumbing Inspector
Assessor
Weed Inspector
Fire Marshall
Civil Defense Director
Dog Catcher
Health Officer
Lino Lakes Park Supervisor
Sunrise Park Supervisor
PARK BOARD
Chairman
PLANNING AND ZONING BOARD
Chairman
12/31/69
12/31/69
12/31/69
12/31/69
12/31/69
12/31/69
12/31/69
12/31/69
12/31/69
12/31/69
12/31/69
12/31/69
12/31/69
12/31/70
12/31/71
12/31/70
12/31/69
12/31/71
12/31/70
12/31/69
12/31/70
12/31/71
Al Roes
LeRoy Houle
Lee Robinson
ROAD STUDY BCIARD
Dennis Houle
Kenneth Youker
COMMUNITY AND BUSINESS DEVELOPMENT COMMISSION'
Uilliam Bohjanen
Mrs. Naomi Zelinka
Mrs. Julia Paymoville
Nre. Audrey Tauer
Mrs. Vivian Rehbein
Mrs. Phyllis'Blaylock
Lee Robinson
Harold Hansen
John Wright
Kenneth Rehbein
Charles Gottwa.ldt
Irvin Zaetrow
Eugene Blomgvist
William Houle
Carlo Sooger
Richard Carlson
Jerome Hauer
Harold Lehman
Peter Scherer
John McLean
Dennis Houle
Dave Brovold
Mrs. Ruth Rector
Chairman
Secretary
PERSONNEL COMMISSION
Chairman
Waldemar A. Hill
Certified Public Accountant
202 Apache Office Park Building
2500 — 39th Avenue Northeast
Minneapolis, Minnesota 55421
ACCOONT'APT' S OPINION
Members of the .Tillage Council
Village of Lino Lakes
Anoka County, Minnesota
Gentlemen:
We have examined, on a clash basis, the balance sheet and the fund
balances of the Village of Lino Lakes as of December 31, 1969, and the
related fund transactions for the year then ended. Our examination
was made in accordance with generally accepted auditing standards, and
acoordingly 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, 1969, and the cash fund transactions for the year
then ended, in conformity with accounting practices generally used by
municipalities applied on a basis consistent with that of the preceding
year
Respectfully submitted,
1)LOC.4.44i-r2A-441
�.
Waldemar A. Hill, C.P.A.
WAH :kr
Date Field Work Completed: January 30, 1970
Date Report Signed: March 10, 1970
Village of Lino Lakes
Anoka County, Minnesota
I - COMMENTS ON BALANCE
TIEMS
1hibit A presents the financial condition of the Village by funds as
of December 31, 1969. A comparative balance sheet of all funds combined is pre-
sented in Exhibit C, which shown the financial position of the Village in com-
parative form with that at the end of the preceding year. Details on balance
sheet items are shown in Schedules A -1 through A -6. . farther explanations,
analyses, or listings are presented in the next several paragraphs of these
comments.
CASH ON HAND AND IN BANK - $23,550.42:
The cash on hand consisted of petty cash funds for a total of 375.00.
The sum of 321,975.42 was carried in the bank checking account.
Cash in bank was verified by testing the transactions, by oommunica.ting
directly with the depository, and by reconciliation as shown in Schedule A -1.
Temporary excess funds had been placed in savings certificates for a total of
31,500.00, earning interest at 4s%.
The Centennial State Bank of Lexington had been designated as the
depository for Village funds. Collateral of 320,000 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 320,000 on each customer, provides additional
protection for village funds.
TAXES RECEIVABLE - $104,1 90.24:
Current taxes are those which were placed on the 1969 levy and are
collectible in 1970. They amounted to 378,405.00, as detailed in Schedule A -2
by funds.
Delinquent taxes are those levied for prior yea's, which are due, but
have not been collected. These taxes amounted to 34,285.24, covering the last
six years, as summarized in Schedule A -4. The delinquent taxes have increased
by about $800.00 from those at one year ago.
Per capita sales tax again is expected to be received from the State
Sales Tax Fund, based on the 1965 census count of 3,103, at 35.22 per person,
amounting to about 316,200.00. In addition, a special refund of over 85,000.00
will be remitted by the State some time during the year.
SPECIAL ASSESSMENTS RECEIVABLE - 31,086.17:
Assessments have been made against those property owners directly
benefiting by village improvements. They may be paid all at once or in equal
annual installments with interest added at 6% from the assessment date. All
the assessments have been turned over to the County Auditor for collection on the
tax rolls.
-2-
Current assessments consist of the installments collectible on the
tax rolls during the year 1970, and delinquent assessments are the uncollected
balances remaining on prior tax rolls. Aside from delinquent assessments, all
remaining assessments pertain to street improvement 02.
The special assessments are summarised in the following schedules:
Schedule A -3 - Current Assessments $ 1,081.20
Schedule A -4 - Delinquent Assessments 4.2.21
Total
GENERAL FIXED AS Properties) - $77:948.00:,
Village -owned properties are summarised in Schedule A-5. Where original
costa were not readily available, valuations are based on insurable and estimated
values as used on a recently prepared inventory of properties.
An option was exercised to purchase a 30 -acre tract of land at a cost
of $550.00 per acre on a five -year contract for deed. From this purchase, title
was acquired for the future village hall site by payment of $1,100.00 for two
acres of land abutting Main Street.
Principal additions to properties during the year 1969 by funds con-
sisted of:
General Fund:
Land - Main Street •
Office - Typewriter
Road and Bridge Yand :
1966 Ford Pickup
Torrent Pump
Tanker Truck and Pump
Parka and Playgrounds hand:
Hockey Rink and Goals
International Cub Tractor & Mower
$ 16,500.00
450.00 $ 16,950.00
$ 1,350.00
504.00
505.34 2,359.34
$ 989.02
1,800.00 2,789.02
A land purchase option was acquired for $100.00 for possible purchase
of park land on Lake Amelia. Purchase on fire -year contract for deed is being
offered by the owner.
CURRENT LIABILITIES - $3,930.00:
The first payment on the contract for deed, due within one year, end
amounting to $2,860.00 on principal, is shown as a current liability. Similarly,
the current maturities on bonded debt and the applicable interest, in the
amounts of $1,000.00 and $70.00, respectively, are classified as current liabili-
ties for information purposes only, inasmuch as the village funds are maintained
on a cash basis.
N0N -C#TB TT LIABILITIES $12:440.00:
The deferred portion of the bonded debt - namely, the remaining balance
after excluding the payment due within one year - has been classified as a non-
current liability on the balance sheet. Details on the bonds outstanding are
-3-
shown in Schedule A -6. During the year 1969, payments on principal were made for
a total of $2,000.00, leaving a bonded debt of only $2,000.00 outstanding at the
end of the year on one remaining bond issue. The final payment on the Park Im-
provement Bonds was made in January, 1969.
DEPERRED REVENUE - $88,906.41:
Since the village funds are maintained on a cash basis, the unrealized
revenue from receivables, reduced by liabilities, is shown as an off - setting
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 - $101 :498.42:
The net worth of the village is reflected by the surplus accounts.
Surplus Invested in Fixed Assets represents the village's investment in general
fixed assets (properties). i+t:nd Balances represent cash or investments only,
since the various village funds are maintained on a cash basis.
II - COMMENTS ON FUND TRANSACTIONS
Ferhibit B presents a summary of the cash receipts and disbursements by
funds for the year 1969, showing the fund balance remaining in each fund as of
December 31, 1969. Schedules B-1 through B -7 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 end and for the Road and Bridge FUnd
with those of the prior year are presented in Schedules B-la and B -6a, respectively.
These schedules should be helpful in making comparisons of fund transactions of
the two largest and the most important funds of the Village for the past two years.
All the funds ended with debit balances (in the black) this year. In total, all
fund balances at $23,475.42 increased by $6,257.80 from those of one year ago.
It seems to us that the Gopher Control Find serves no important purpose as a
separate fund. Our recommendation is to combine it with the General Fund by
appropriate Council action.
We confirmed the tax receipts directly with the County Auditor. Other
receipts were checked against duplicate 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 reasonably well kept. The
Village is in a sound financial condition and is improving. The Village books
are maintained on the usual cash basis as is customary for municipalities, but
we have tried to develop as complete a financial picture as reasonably possible on
the Balance Sheet, Exhibit A. This we have done by inclusion of all significant
known assets and liabilities by funds, so as to make it more meaningful.
-4-
•
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 $1,272,826.00 had increased by $49,085.00 from that of one year ago. The
ratio of assessed value to market value is reported to be 27.6% for your village
as compared with the desired uniform ratio of 33 -1/3% for the entire state.
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 made recently.
Your voters approved the proposed sale of a $100,000.00 bond issue to
be used to finance a new municipal building. No bids were received for the
December 8, 1969 bond sale. On the second attempt on January 29, 1970, the bond
issue for $100,000.00 was sold at a net effective interest rate of 6.9956% to
Piper, Jaffrey & Eopwood.
-5-
ASSETS Sch.
Current Assets:
Petty Cash
Cash in Bank A -1
Taxes Receivable:
Current Levy A -2
Delinquent A 4
Per Capita Sales Tax
Special Assessments:
Current A -3
Delinquent A -4
Total Current Assets
Fixed Assets:
Land
Buildings
Equipment
Total Fixed Assets
TOTAL ASSETS
A -5
Village of Lino Lakes
Anoka County, Ffinnesota
BALANCE SKEET BY FUNDS
December 31, 196"9
Total
$ 75.00
23,475.42
78,405.00
4,285.24
21,500.00
1,081.20
4.97
$128,826.83
$ 26,500.00
21,000.00
30,448.00
1172.241129.
$206,774.83
General
Fund
$ 25.00
1,826.68
12,575.00
995.24
11,500.00
$ 26,921.92
Fire
Protection
hind
$
3,703.40
4,730.0
235.00
$ 8,6?5:g0
Civil
Defense
Fund
$
690.38
1,500.00
75.00
$2, 2,y: 31'
26,921.92 $ 8,668.40 $2,265.38
LIABILITIES ARD SURPLUS
Current Liabilities:
Contract Payable (Due Within 174$ 2,860.00 $ 2,860.00
Bonds Payable (Due Within 1 yr.) 1,000.00
Bond Interest Payable -
(Due Within 1 yr.) 70.00
Total Current Liabilities $ 3,930.00
Non- Current Liabilities:
Contract Payable
(Not due within 1 year)
Bonds Payable -
(Not due within 1 year)
Total Non - Current Liabilities
Deferred Revenue:
Unrealized Revenue on Cash Basis
Receivables
Less: Liabilities
Net Deferred Revenue or `/
(Expense T
Surplus:
Investment in Fixed Assets
Hand Balances
Total Surplus
TOTAL LIABILITIES AND SURPLUS
2,860.00
$ 11,440.00 $ 11,440.00
1,000.00
$ 12,440.00 $ 11,440.00
$105,276.41 $ 25,070.24
16 370.00 14,300.00
$ 85,906.41 $ 10,770.24
$ 77,948.00
2 0. 2 $ 1 851.68,
$ 1,851.68
$206,774.83 $ 26, 921.92
-6-
$ 4,965.00
$ 4,965.00
$ 3,703.40,
$ 3,703.40
$ 8,668.40
$1,575.00
$1,575.00
$ 6
$ 90.3 8
$2,265.38
EXHIBIT A
(Soh. B-8) (Sch. A -5)
Gopher Parke and Road and • Debt General
Control Playgrounds Bridge Redemption Fixed
Rand hand Rind _ Rand Assets
$ $ $ 50.00 $
784.65 2,794.94 6,758.24 6,917.13
300.00 12,000.00 47,300.00
15.00 600.00 2,365.00
10,000.00
1,081.20
CIL
$ 1,099.E19 94 $ 66,473.24 $ 8,003.30
$ 26,500.00
21,000.00
,$.40
$ 1,099.65 $ 1$394.94, $ 66,473.2.4 $ 8,003.30 $ 77,948.00
$ 3 3
1,000.00
70.00
$ 1,070.00
$ 1,000.00
$ 1,000.00
$ 315.00 $ 12,600.00 $ 59,665.00 $ 1,086.17
2 0 0.00
$ 315.00 $ 12,600.00 $ 59,665.00 $ • -3 3
$ 784.65 $ 2,794.94 $ 6 808 $ 64917.13
$ 784,65 $ 2,794.94 03.24 $ 6,917.13
$ 1,099.65 $ 15,394.94 $ 66,473.24 1 8,0 30
03.
$
$ 77,948.00
1212.241192
# 77,948.00
Village of Lino Lakes
Anoka County, Minnesota
SUMMARY OP CASH RECEIPTS AND DISB13RSEMEiTS BY FUNDS
Por the Year Ended December 31, 19
Hind
General
Fire Protection
Civil Defense
Gopher Control
Parks and Playgrounds
Road and Bridge
Debt Redemption
Totals
9
Beginning
Balance Cash
*Sch. 1/1/69_ Receipts
B-1
B-2
B-3
B -4
B-5
B -6
B -7
$ 1,177.79
2,546.28
688.47
791.95
3,203.97
1,152.24
7,656.92
Cash
Disburse-
ments
$43,641.04 $42,992.15
4,810.46 3,653.34
970.59 968.68
495.45 502.75
6,166.58 6,575.61
41,729.47 36,123.47
1,382.71 2,122.50
EXHIBIT B
Ending
-13-832‘-2M-.
$ 1,826.68
3,703.40
690.38
784.65
2,794.94
6,758.24
6,917.13
$ 17,217.62 199,196.30 $ 92,938.50 $23,475.42
* Por details on cash receipts and disbursements see supporting
Schedules B -1 to B-7, inclusive.
Village of Lino Lakes
Anoka County, Minnesota
COMBINED COMPARATIVE BALANCE SHEET
Deoember 31, 19 9 and 196
Current Assets:
Cash on Band and in Bank
Taxes Receivable:
Current Levy
Delinquent
Per Capita Sales Tax
Special Assessments
Total Current Assets
Fixed Assets:
Land
Buildings
Equipment
Total Fixed Assets
TOTAL ASSETS
ASSETS
As of
12/31/69
$ 23,550.42
78,405.00
4,285.24
21,500.00
1,086.1
As of
--12.111/41-
$ 17,217.62
51,090.00
3,523.43
16,200.00
2,4 1.20
$ 9D,462.25
$ 26,500.00 $ 10,000.00
21,0000.000 21,000.00
_,10 8.00 30, 766 �w C�,
$ 77,948.00 $ 61,766.78
$206,774.83
LIABILITIES AO SURPLUS
Current Liabilities:
P.E.R.A. Taxes Payable
Contract Payable
Bonds Payable - Due Within 1 Year
Interest Payable - Due Within 1 Year
Total Current Liabilities
Non- Current Liabilities:
Contract Payable - Not Due within lyr.
Bonds Payable - Not Due within 1 yr.
Total Non - Current Liabilities
Deferred Revenue:
Unrealized Revenue on Cash Basis:
Receivables
Less: Liabilities
Net Deferred Revenue
Surplus:
Investment in Fixed Assets
Fund Balances
Total Surplus
TOTAL LIABILITIES AND SURPLUS
-9-
$ -
2,860.00
1,000.00
_ 79.00
$ 3,930.00
$ 11,440.00
1� 000.00
$ 12,440.00
$105,276.41
16 370.00
906.41
$ 77,948.00
101,49 .42
$206,774.83
$152,229.03
$ 1,918.11
2,000.00
122. 0
$ 4,040.61
$ -
2,000.00
$ 2,000.00
$ 73,244.63
6,040.61
$ 67,204.02
$ 61,766.78
1 21 .62
$ 7
1.152,229-03
EXHIBIT C
Increase
(Decrease)
$ 6,332.80
27,315.00
761.81
5,300.00
( 1 3445.0D
$38,34.5
$ 16,500.00
318.78
.i5 3.51181.22
$ 54,545.80
$( 1,918.11)
2,860.00
1,000.00)
0
110.61)'
$ 11,440.00
1,000.00)
$ 10,440.00
$ 32,031.78
10,329.59
$ 21,702.39
$ 16,181.22
6,332.80
$ 22,514.02
.$ 54,545.80
Village of Lino Lakes
Anoka County, Minnesota
CASH IN CENTENNIAL STATE BANK OF LEXINGTON SCHEDULE A -1
December 31, 19 9
Cheoking Aocount:
Balance per Bank Statement - 12 31/69 $ 27,881.25
Add: Deposit in Transit - 1/2 70 1,042.00
Less:
Total
Checks Outstanding:
Number Amount Number Amount
Payroll: 1009 $ 55.00 2771 $ 20.64
1013 46.40 2774 20.00
1019 158.00 2775 14.20
1024 195.07 2780 1,702.00
1027 28.72 2781 252.00
1028 18.30 2782 72.98
1029 37.60 2786 16.25
1030 20.15 2788 25.00
1031 15.95 2790 175.00
1032 15.95 2791 30.03
General: 2745 924.00 2792 60.94
2756 3.75 2793 14.49
2759 253.97 * 90.35
2760 1,918.11 * 103.64
. 2761 276.50 * 224.00
2764 6.84 * 92.00
Total Checks Outstanding
Balance per Books
Savings Certificates:
$ 28,923.25
6, 947.83
$ 21,975.42
Interest
Dated Number Rate Amount
8/12/66 314 40 $ 500.00
8/12/66 315 40 500.00
8/12/66 316 460 500.00
Total 1,500.00
Total Cash in Bank
* Payroll deductions remitted in January, 1970:
-10
$ 23,475.42
General Revenue
Road and Bridge
Fire Protection
Parks and Playgrounds
Civil Defense
Gopher Control
Total
* For loss of revenue
Street Improvement #2:
Village of Lino Lakes
Anoka County, Minnesota
CURRENT TADS RECEIVABLE
December 31, 1969
Total
$ 12,575.00
47, 300.00
4,730.00
12,000.00
1,500.00
300.00
8 78,405.00
from exempt personal property.
SPECIAL ASSESSMENTS RECEIVABLE
December 31, 1969
* Current Assessments
* Oft 1969 tax levy, collectible in 1970.
* State
Reimbursement
$ 412.50
1,551.50
155.07
393.72
49.12
9.77
2,571.68
DELINCUENT TAXES AND ASSESSMENTS RECEIVABLE
December 31, 1969
Year
Collectible Total
1969 $ 1,772.42
1968 665.00
1967 709.82
1966 452.20
1965 366.06
1964 324.71
Total LATIM.2.1
Special
Taxes Assessments
$ 1,772.42 $ -
665.00 -
685.22 24.60
427.40 24.80
437.61 (71.55)
297.59 27.12
$ 4,285.24 $ . 4.97
SCHEDULE A -2
Tax Levy _
$ 12,162.50
45,748.50
4,574.93
11,606.28
1,450.88
290.23
$ 75_, 833.32
SCHEDULE A
$ 1,081.20
SCHEDULE A -4
Village of Lino Lakes
Anoka County, Minnesota
GENERAL FIXED ASSETS (PROPERTIES)
December 31, 1969
LANDS
Main Street - 30 Acres
Sunrise Park - 20 Acres
Lino Lakes Park
SCHEDULE A -5
$ 16,500.00
10,000.00
* $ 26,500.00
'BUILDINGS
Sunrise Park Duelling $ 5,000.00
- Storage hsuilaing 10,000.00
- Warming House 5,000.00 $ 20,000.00
Lino Lakes Park - Warming House 1 000.00 $ 21,000.00
EQUIPMENT:
Road and Bridge:
1939 International Tanker and Pump
1957 Chevrolet Pickup
1962 Ford Dump Truck
1960 Ford with V Plow
1965 Massey Ferguson Tractor /Backhoe
1947 Ford Tractor with Front End Loader
Sander
Rotary lower
Sickle Mower
Ford Scraper
4 -Wheel Grader
4 -Wheel Trailer
Torrent Pump
Shop Equipment
Civil Defense:
1953 Chevrolet Panel
Other Equipment
Office Equipment
1969 Addition - Typewriter
Police Department:
1966 Plymouth 4 -door
Other Equipment
Parks and Playgrounds:
Sunrise Park - Well
Sunrise Park
Lino Lakes Park
1967 Equipment Additions
1968 Equipment Additions
1969 International Cub Tractor & Mower
Hockey Rink and Goals
Total General Fixed Assets
* Value not readily available.
Insurable values.
$ 505.00
575.00
5,000.00
1,000.00
3,000.00
500.00
300.00
100.00
100.00
100.00
500.00
30.00
500.00
$ 600.0o
1,200.00
$ 2,500.00
450.00
$ 12,210.00
$ 2,375.00
$ 1,800.00
$ 2,950.00
$ 1,200.00
1,000.00 $ 2,200.00
$ 998.00
2,150.00
1,165.00
1,000.00
800.00
1,800.00
1,000.00
-12-
$ 8,913.00
$ 30,448.00
$ 77,948.00
Village of Lino Lakes
Anoka County, Minnesota
BOBDID IND a: a NESS SCHEME A -6
December 31, 1969
Balance 1969 B
Bond Issue 1 1 6�,,__ Payments
1) Street Improvement #2 $ 3,000.00 $ 1,000.00 $ 2,000.00
2) Park Improvement 1,200200 —.1.15.0A1
Totals $ 4,000.00 $ 2,000.00 $ 2,000.00
deo
Details on Bond Issues Outstanding:
Date of Amount of Interest Payment Maturity
Issue Issue Rate Dates Date
. 1) 12/1/63 $ 6,000.00 34% 6/1 & 12/1 12/1/71
2) 4/1/64 $ 5,000.00 3a 1/1 & 7/1 1/1/69
Street Improvement h2
Year Prinoipal Interest
1970 $ 1,000.00 $ 70.00
1971 1,000.00 35.00
Total 1..balas ALJ2121
Village of Lino Lakes
Anoka County, Minnesota
GENERAL FUND CASH RECEIPTS AND DISBURSEMENTS
Por the Year Ended December 31, 1969
Reoeivte :
Tax Settlements:
General Revenue
Mortgage Registry
Penalties and Interest
Licenses and Permits:
Liquor
Beer
Cigarette
Special Use Permits
Dance
Building Permits
Plumbing Permits
Dog and Kennel
State Tax Apportionments:
* Per Capita Sales Tax
Cigarette
Liquor
Mobile Home
Pines: (Net after Costs Deducted)
Mhnicipal Court
Actual
$ 6,957.65
616.05
300.53
SCHEDULE B-1
Budget
Estimate
$ 7,000.00
$ 7,874.23 $ 7,000.00
$ 8,933.27 $ 6,490.00
542.92 540.00
157.00 108.00
591.05 250.00
229.16 200.00
1,047.50 412.00
544.50
153.00 200.00
$ 12,198.40 $ 6,200.00
$ 6,476.93 $ 6,450.00
6,112.91 5,900.00
4,933.77 4,600.00
1,383.73 1 l 0.00
$ 18,907.34 100.00
Charles for Current Services:
Dog Handling $ 208.00
Election Piling Fees 12.00
Rezoning and Variances 1,927.24
Assessment Searches and Aesignments 28.75
Miscellaneous Revenue:
Sale of Supplies $ 38.20
Interest Earned on C.D.'s 67.50
Interest Earned on Licenses 120.00
Power Line Easement 1,000.00
Police Work at Youth Center 1,016.88
Other Refunds 5.00
Total Cash Receipts
* $10,000 also to Road and Bridge Fund.
-14-
$ 237.50
$ 2,175.99 $ 1,200.00
$ 2,247.58
$ 43,641.04 $ 34,500.00
Village of Lino Lakes
Anoka County, Minnesota
GENERAL FUND CASE RECBIPTS AND DISBURSE (continued)
Disbursements:
Village Council:
Salaries $ 3,000.00 $ 3,300.00
Expense Allowance 300.00
Telephone 249.86 150.00
Ikel and Electricity 726.41 380.00
Rent 1,625.00 1,200.00
Insurance and Bonds 1,968.60 1,500.00
Membership Dues 460.14 300.00
Labor - General Maintenance 406.46
Equipment and Supplies 277.35 800.00
$ 9,013.82 $ 8,130.00
Municipal Court:
Services $ 114.34 $
For the Year Ended December 31, 1969
Actual
SCHEDULE B-1
Page 2
Budget
Estimate
Elections:
Salaries - Voter Registration $ 320.67 $ 650.00
• Salaries - Elections 431.22 475.00
Supplies and Expense 156.56 200.00
Finance:
$ 908.45 $ 1,325.00
Salary of Clerk- Treasurer $ 2,316.65 $ 2,g00.00
Salaries of Assistants 844.38 600.00
Office Supplies and Expense 609.70 125.00
Payroll Taxes 4,243.59
Travel 72.60
Auditing Service 770.00. 800.00
Assessor:
$ 8,856.92 $ 3,925.00
Salary $ 2,600.00
Repairs and Supplies 30.00
Legal: $ 2,630.00 $ 1,800.00
Professional Services $ 5,159.21 $ 3,500.00
Printing and Publishing 692.85 50.00
$ 5,852.06 $ 3,850.00
Planning and Zoning:
Plat Maps and Supplies
Engineering Services
-15.-
$ 60.64
2,358.00
$ 2,418.64 $ 3,200.00
Pillage of Lino Lakes
Anoka County, Minnesota
SAL LFtiND CASH. RECEIPTS AND DISBURSEMENTS (continued)
For the Year Ended December 31, 1969
SCHEDULE B-1
Page 3
Budget
Disbursements= (Continued) Actual Estimate
Police:
Salaries $ 5 :985.73 $ 7,200.00
Lost Wage Reimbursement 68.34
Clothing Allowance 210.00 200.00
General Supplies and Expense 377.36 350.00
Gas and Oil 820.90 500.00
Auto Repairs 371.53 300.00
New Vehicle Fund - 1,000.00
Equipment - 2 Revolvers 151.92 300.00
$ 7,985.78 $ 9,830.00
Protective Inspection:
Building Inspection $ 711.79 $ 570.00
Plumbing Inspection 328.40 -
Weed Inspection 1.29 650.00
$ 1,091.48 $ 1,220.00
Animal Control:
Dog Catcher $ 1,528.00 $ 1,200.00
Refunds:
Licenses $ 38.66
Permits 4.00
$ 42.66
Capital Outlay:
Land - Village Hall Site $ 1,100.00
Land - Down Payment 1,000.00
IBM Typewriter 450.00
$ 2,550.00
Total Disbursements 1 42,992.E $ 34,500.00
Village of Lino Lakes
Anoka County, Minnesota
SCHEDTJLE B-la
CONDENSED COMPARISON OF CASH RECEIPTS AND DISBtJESEMENTS - GENERAL FUND
For the Years.Ended December 31, 1969 and 1968
Cash Balance - Beginning of Year
Add:
Receipts:
Tax Settlements
Licenses and Permits
State Tax Apportionments
Fines - Municipal Court
Charges for Current Services
Miscellaneous - Revenue
Total Receipts
Transfers In:
From Special Assessment Ditch Fund
Total to Account For
Deduct:
Disbursements:
Pillage Council
Municipal Court
Elections
Finance
Assessor
Legal
Planning and Zoning
Police
Protective Inspection
Animal Control
Refunds
Capital Outlay
Total Disbursements
Cash Balance - End of Year
Year Year
1964
1968
Increase
(Decrease)
$ 1,177.79 $( 3,879.75) $ 5,057.54
$ 7,874.23
12,198.40
18,907..34
237.50
2,175.99
2, 247.38
$ 43,641.04
$ -
$ 44,818.83
$ 9,013.82
114.34
908.45
8,856.92
2,630.00
5,852.06
2,418.64
7,985.78
1,091.48
1,528.00
42.66
___22551911
$ 42,992.15
$ 1,826.68
$ 11,414.72
8,043.61
17,833.50
872.30
1,849.90
474.82
$ 40,488.85
$ 238.78
$ 36,847.88
8 8,882.79
1,994.87
577.82
5,463.44
1,80000
5,326.66
1,858086
6,641.62
1,222.94
1,394.50
106.59
400.00
$ 35,670.09
$ 1,177.79
$( 3,540.49)
4,154.79
1,073.84
( 634.80)
326.09
1,772.76
$ 3,152.19
$ 238.78)
$ 7,970.95
131.03
1,880.53)
330.63
3,393.48
830.00
525.40
559.78
1,344.16
131.46)
133.50
63.93)
-T1 22.06
2,150.00
X
648.89.
Village of Lino Lakes
Anoka County, Minnesota
PIE PROTECTION FUND CASH RECEIPTS AND DISBURSEMENTS SCHEDULE B-2
For the Year Ended Deoember.31, 1969
Reoei s:
Tax Levy
Disbursements:
Salary - Fire Marshall
Clothing Allowance
Mileage
Fire Contracts
Fire Equipment and Miscellaneous
Actual
Budget
Estimate
$ 4,810.46 $ 4,915.00
$ 120.00 $ 120.00
60.00 60.00
73.34 35.00
3,400.00 4,500.00
200.00
Total Disbursements $ 3,653.34 $ 4,915.00
CIVIL DJJlitt FUND CASH RECEIPTS AND DISBURSE MEWS SCHEDULE B-3
For the Year Ended December 31, 1969
Receipts:
Tax Levy
Disbursements:
Actual
Budget
Estimate
970.59 $ 1,000.00
Director's Expense Allowance $ 300.00 $ 300.00
Supplies and Repairs 259.77 250.00
Uniforms 388.91 450.00
Insurance 18.00
Beer Licenses 2.00
-18-
$ 96ti.68 $ 1,000.00
Village of Lino Lakes
Anoka County, Minnesota
GOPHER CONTROL FUND CASH RECE1rTb AND DISBURSEMENTS SCHEDULE BA
Fbr the Year Ended December 31, 1969
Budget
Receipts: Actual Estimate
Tax Levy
County Gopher Bounty Reimbursement
Total Receipts
Disbursements:
Gopher Bounties
S 294.35 $ 300.00
201.10 200.00
$ 495.45 $ 500.00
502.75 S 500.00
PARKS AND PLAYGROUNDS FUND CASH RECEIPTS AND DISBURSEMENTS SCHEDULE B-5
For the Year Ended December 31, 1969
Receipts: Actual
Tax Levy $ 6,166.58 $ 6,275.00
Disbursements:
Salary - Caretakers $ 720.00 $ 750.00
Other Salaries and Wages 1,214.47 750.00
Utilities 329.71 500.00
Fuel 302.09
General Supplies and Repairs 980.32 1,775.00
Engineering Fees 25.00
$ 3;571.59
Capital Outlay:
Lumber for Hockey Rink $ 864.02 2,500.00
Hookey Goals 125.00
Option on Lake Amelia Property 100.00
International Cub Tractor and Mower 1,800.00
Lawn Mower 115.00
Budget
Estimate
3,004.02
Total Disbursements $ 6,575.61 $ 6,275.00
Village of Lino Lakes
Anoka County, Minnesota
ROAD AND BRIDGE FWD CASH RECEIPTS AND D BiiRSEMEPTS SCHEDULE B-6
For the Tear Ended December 31, 19 9
Actual
Receipts:
Budget
Estimate
Tax Levy $ 30,910.71 $ 31,600.00
Per Capita Sales Tax 10,000.00 10,000.00
Old Equipment Sold 35.00
Culverts Sold 783.76
Total Receipts $ 41,729.41 $ 41600.00
Disbursements:
Labor $ 7,664.20
Contracted Road Work 6,186.09
Seal Coating 6,973.24
Mix and Sulfite 3,455.30
Gravel, Sand and Salt 6,096.20
Truck Repairs 1,019.51
Lighting 1,083.60
Gas and Oil 865.31
General Supplies and Tools 370.68
Petty Cash Fund 50.00
Capital Outlay:
Torrent Pump 504.00
Tanker Truck 200.00
Pump for Tanker 305.34
1966 Pbrd Pickup 1,350.00
Total Disbursements $ 36,123.47 $ 41,600.00
Village of Lino Lakes
Anoka County, Minnesota
SCHEDULE B-6a
CONDENSED COMPARISON OF CASH RECEIFI'S AND DISBURSEMENTS -
ROAD AND BRIDGE FUND
For the Years Ended December 31, 1969 and 1968
Cash Balance - Beginning of Year
Add:
Receipts:
Tax Settlements
Per Capita Sales Tax
Other Revenue
Total Receipts
Transfers In from Other Funds
Total to Account For
Deduct:
Disbursements:
Labor
Road Surfacing
Grading and Snow Removal
Other Road Maintenance
Equipment Maintenance and Supplies
Gas and Oil
Street Lighting
Capital Outlay
Petty Cash Fund
Total Disbursements
Cash Balance - End of Year
Year Year Inorease
1969 1968 (Deorease)
$ 1,152.24 $( 5,937.11) $ 7,089.35
$ 30,910.71
10,000.00
818.76
$ 41,729.47
$ -
$ 42,881.71
$ 7,664.20
16,524.74
6,186.09
1,390.19
865.31
1,083.60
2,359.34
50.00
$ 20,877.60
10,000.00
420.46.
$ 31,298.06
$ 5,000.00
$ 30,360.95
$ 10,033.11
398.30
$ 10,431.41
000.00)
$ 12,520.76
$ 4,395.36 $
15,757.42
5,490.00
1,575.08
1,540.26
450.59
3,268.84
767.32
696.09
1,575.08)
150.07)
414.72
1,083.60
2,359.34
50.00
$ 36,123.47 $ 29,208.71 I___6221_421
$ 6,758.24 $ 1,152.24 $ 5,606.00
Pillage of Lino Lakes
Anoka County, Minnesota
DEBT REDEMPTION FUND CASH RECEIPTS AND DISBURSEMENTS S CHEDULE B-t
For the Year Ended December 31, 19 9
In.lanoe January 1, 1969
'Mecei ta: -
Vex Levy
3psoial Assessments
Total Receipts
Total to Account For
Disbursements:
Bonds Retired
Interest on Bonds
Total Disbursements
Balance - December 31, 1969
Total
$ 7,656.92
$ 41.87
1,340.84
$ 1,382.7
$ 9,039.63
$ 2,000.00
122.50
$ 2,122.50
$ 6,917.13
Improvement Bonds
Street , 2 Park
$ 7,043.08 $ 613.84
$ 15.87 $ 26.00
1,340.84
$ 1,356.71 j 26.00
$ 8,399.79 $ 639.84.
$ 1,000.00 $ 1,000.00
105.00 17.50
$ 1,105.00 $ 1,017.50
$ 7,294.79
Village of Lino Lakes
Anoka County, Minnesota
ASSESSED VALUATIONS, _TAX LEVIES AND TAX RATES
Year Assessed:
Year Collectible:
ASSESSED VALUATIONS:
Real Estate
Personal Property
Sub. -Total
*Exempt Personal Property
Totals
TAX LEVIES BY COUNTY AUDITOR:
Revenue
Road and Bridge
Park Bond and Interest
Fire Protection
Parke and Playgrounds
Civil Defense
Gopher Control
Totals
TAX LEVIES IN MILLS:
Revenue
Road and Bridge
Park Bond and Interest
Fire Protection
Parks and Playgrrounds
Civil Defense
Gopher Control
Totals
1969
$1,101,751.00
141,939.00
$1,243,690.00
29,136.00
1968
1969
81,056,524.00
i38 o8z.00
1, l ,194, 05.00
29,136.00
$1,272,826.00 $11223,741.00
$ 12,163.29
45,742.92
4,576.78
11,603.62
1,455.12
286;05
Luzgaza€3
9.78
36.78
3.68
9.33
1.17
.2
60.97
$ 6,768.00
30,555.00
4,752.00
6,068.00
967.00
290.00
- 49,400.00
5.67
25.58
3.98
5.08
.81
.24
41.36
SCEEDVLE 1
1967
8777,050.00
129,551.00
8906,601.00
29,136.00
155501400
$ 10,460.00
20,000.00
1,150.00
3,815.00
6,075.00
700.00
300.00
$ 4„42500.
11.18
21.38
1.22
4.08
6.49
.74
. 2
45.41
* Loos of revenue from exempt personal property will be paid to the Village
by the State out of sales tax revenue and will be included in the tax
settlements from the County with the collections from taxable properties.
-23-
Company
Pillage of Lino Lakes
Anoka County, Minnesota
INSURANCE AND BONDS Ili FORCE
December 31, 1969
Policy No. Term _,Expires
Auto - Owners Insurance Company 127257 3 years 1/11/70
Auto - Owners Insurance Company
Auto - Owners insurance Company
Great Central Insurance Company
Auto - -owners Insurance Company
Auto- Owners Insurance Company
602306- 1 year 6/14/70
08074942
U935184 1 year 3/7/70
044100 1 year 3/31/70
687006- 3 years 2/14/71
08697306
08607943 1 year 3/20/70
-24-
r
SCHEDULE . 2
Amount Coverage Premium
Fire and Extended Coverage:
$ 5,000.00 Dwelling - Sunrise Park
10,000.00 Storage Building - Sunrise Park
5,000.00 Recreation Room & Warming Rouse - Sunrise Park
4,456.00 Contents at Village Eall
80.00 Contents at 241 Elm Street
1,000.00 Warming House - Lino Lakes Park
$ 25,536.00 Total Annual $ 157.00
1/300 M
25M
100/30014
10M
A.C.V.
A.C.V.
10 /20M
100 /300 /10M
$ 16,898.92
Statutory
$ 10,000.00
$ 30,000.00
$ 1,000.00
Comprehensive Commercial Policy:
Municipality - Bodily Injury Liability
- Property Damage Liability
Fleet Auto - Bodily Injury Liability
- Property Damage Liability
- Comprehensive
- Collision - $100 Deductible
Uninsured Motorist
Non-Ownership
Scheduled .Property Floater - $50 Deductible
Workmen's Compensation
Public Employees Blanket Bond:
Blanket Position Bond - All Employees
Clerk - Treasurer - June Emerton
$ 705.15
$ 238.00
$ 548.00
$ 385.50
Assessor's Bond - Edna Sarner $ 18.50
-25-