HomeMy WebLinkAboutAudit Report 12/31/1968REPORT ON AUDIT
VILLAGE-OP LINO LAKES
Anoka County, Minnesota
For the Year Ended December 31, 1968
Waldemar A. Hill
Certified Public Accountant
202 Apache Office Park Building
2500 — 39th Avenue Northeast
Minneapolis, Minnesota 55421
Village Officials
A000untant's Opinion
Axplanatory Comments
ARAM
A
B
Village of Lino Lakes
Anoka County, Minnesota
INDS'
Balance Sheet by Funds as of December 31, 1968
Mary of Cash Receipts and Disbursements by.Punds
for the Year Fended December 31, 1968
0 Combined :Comparative Balance Sheet as of December 31,
1968 and 1967
WAILS ON BALANCE SHUT SUNS
8:
1-1 Cash in Bank
A -2 Current Taxes Receivable
1-3 Special Assessments Receivable
A -4 Delinquent Taxes and Assessments Receivable
A -5 General Fixed Assets (Properties)
A-6 Bonded Indebtedness
M_
3-1
B -la
B-2
B-3
B-4
B-6
B-6a
B-8
AMINIIMALL
1 Assessed Valuations, Tax Levies and Tax Rates 23
2 Insurance and Bonds in Force : 24 - 25
BAWLS ON CASH ANONIPPS AND DISNOROMMIS BY
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 land Cash Receipts and Disbursements
Road and Bridge Fund Cash RJaeipts and Disbursements
Road and Bridge Find Condensed Comparison of Cash Receipts
and Disbursements
Special Ditch Assessment Fund Cash Receipts and Disbursements
Debt Redemption Fund Cash Receipts and Disbursements
K[3CL'T.T4p i0D3
6 -7
8
9
10
11
11
11
12
13
14 - 16
17
18
18
19
19'
20
21
22
22
Village of Lino Lakes
Anoka County, Minnesota
VILLAGE COUNCIL AND OFFICIALS
For the Year tnded December 31, 1968
Ralph'L'Allier
'William Bob3anen
Henry Rosengren
* Ronald Jaworski
Andrew Cardinal
VILLAGE COUNCIL
Term
.Expires.
Mayor 12/31/69
Councilman and Acting. Mayor 12/31/69
Councilman 12/81/68
Councilman 12 /31/69
Councilman 12/31/70
* Appointed to fill vacancy.
Mra. June Emerton
Mrs. Kay Olson
Babcock and Locher
Milner W. Carley and
Associates
Robert Raymond
0. Elwood West
Marvin Myhre
Albert J. Dupre
MrS. Richard Earner
Ed. J. Houle
Richard J. Juleen
Charles Cape
Bruce Fleming
Dr. G. T. Midboe
C. E. LeVesseur
Lena Billik
Harold Lehman
Al Thiltgen
Norman Miller
VILLAGE OFFICIALS
Clerk- Treasurer
Deputy Clerk, Treasurer
Attorneys
Engineers
Constable
Constable
Assistant Constable
Building Inspector
Assessor
Weed Inspector
Pine Marshall.
Civil Defense Director
Dog Catcher
Health Officer
Line Lakes Park Supervisor
Sunrise Park Supervisor
PARK BOARD
PLANNING AND ZONING BOARD
Glenn Rehbein, E. P.' Jester and James Husnik
David B;rovold and Roy Stanley
Arnold Kelling and John McLean
12/31/68
12/31/68
12/31/68
12/31/68
12/31/68
12/31/69.
12/31/68
12/31/68
12/31/68
12/31/68
12/81/68
12/31/68
12/31/68
12/31/68
12/81/68
12/31/69
12/31/70
12/81./68
12/31/69
12/31/70
Al Rosa
LeRoy Houle
Lee Robinson
ROAD STUDY BOARD
Dennis Houle
Kenneth Youker
COMMUNITY AND BUSINESS DEVELOPMENT COMMISSION
William Bohjanen Chairman
Mrs. Sally Michaud Secretary
Mrs. Julia Faymoville
Mrs. Audrey Tauer
Hrs. Vivian Rehbein
Lee Robinson
Harold Hansen
John Wight
Clifford Ross
Charles Gottwaldt
Irvin Zastrow
Ralph Nathe
William Houle
Carlo Sooger
Richard Carlson
Edward Cagle
Westley Vaughan
Jerome Hauer
Harold Lehman
Waldemar 1.. Hill
Certified Public Accountant
202 Apache Office Park Building
2500 - 39th Avenue Northeast
Minneapolis, Minnesota 55421
ACCOUNTAMT 's OPINION
*Memo of the Pillage Couaoil
.Pillage of Lino Lakes
Anoka County, Minnesota
Gentlemen$
We hove examined, on a cash basis, the b&'*roe sheet and the fund
balances of the Village of Lino Lakes as of Dsoembsr 31, 1968, and the
related ftad transactions for the year then ended. Our emaminstion
was made in a000rdance with generally aaospted auditing standards, and
accordingly inoludad suoh tests of the accounting rsoorde and suoh other
auditing procedures as we considered necessary in the oixeumstandes.
We have modified the each basis presentation of the balance sheet,
Jizhibit 1, to such an extent as to reflect all significant known assets
and liabilities therein for additional information purposes.
In our opinion, the a000spanying statements present fairly, on a
codified gash basis, the financial position of the Village of Lino
Lakes at Deoe*bsr 31, 1968, and the oash fund transactions for the year
then ended, in conformity with accounting practices generally used by
municipalities applied on a basis oonsistent with that of the preoeding
Tear.
Reepeotful]y submitted,
?iaC
Waldemar A. Hill, C.P.A.
WAH :kr
Date Field Work Completed: 'February 10, 1969
Date Report signed: March 3, 1969
Village of Lino Lakes
Anoka County, Minnesota
I - COBS ON BALANCE SHEET ITEMS
Exhibit A presents the financial condition of the Village by funds as
of December 31, 1968. A comparative balance sheet of all funds combined is pre -
sented in Exhibit C, which shows the financial position of the Village in compare-
tive form with that at the end of the preceding year. Details on balance sheet
items are shown in Schedules A-1 through A-6. Further explanations, analyses, or
listings are presented in the next several paragraphs of these comments.
CASE! IN B MK - .$17‘217.62:
The Centennial State Bank of Lexington had been designated as the
depository for Village funds. Collateral of $20,000 in O.S. Government bonds was
pledged by the bank as security for village funds on deposit. Federal deposit
insurance, carried by the bank for $15,000 on each customer, provides additional
protection for village funds.
Cash in bank was verified by testing the transactions, by communicating
directly with the depository, and by reconciliation as shoWn in Schedule A-1.
Temporary excess finds had been placed on certificates of deposit for a total of
$1,500.00, earning interest at 434
TAXES RECEIVABLE - $70,818.43: .
Current taxes are those which were placed on the 1968 levy and are
collectible in 1969. They amounted to $51,090.00, as detailed in Schedule A-2 .
by funds.
Delinquent taxes are those levied for prior years, which are due, but
have not been collected. .These taxes amounted to $3,528.43, covering the last
six years as summarised in Schedule A-4. The delinquent taxes have decreased
by about $1,000.00 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 $5.22 per person,
amounting to $16,200.00. The first half will be received about June 15 and the
last half by about November 15.
SPECIAL ASSESSMENTS RECEIVABLE - $2,431.20:
These assessments' have been made against those property owners directly
benefiting by village improvements. Assessments aey be paid all at once or in
equal annual installments with interest added at at from the assessment date. All
the assessments had been turned over to the County Auditor for collection on the
tax rolls.
For a description of terms used we might explain that current asses
consist of the installments collectible on the tax rolls during the year 1969,
Deferred assessments consist of the remaining balance due in 1970. Delis •
assessments are the uncollected balances remaining on prior tax rolls. Aside from
delinquent assessments, all remaining assessments pertain to street improvement $2.
The special assessments are summarized in the following schedules:
Schedule A-3 - Current Assessments $ 1,232.37
Schedule A-3 - Deferred Assessments 1,112.17
Schedule A-4 - Delinquent Assessments *CO
Total $ 2,431.20
GENERAL FIXED ASSETS (Properties) - $61,766.78:
Village -owned properties are summarized in Schedule A..5. Where original
costs were not readily available, valuations are based on insurable and estimated
values as used on a recently prepared inventory of properties. A. permanent card
record of all properties for insurance and control purposes is recommended.
Principal additions to properties during the year 1963 by funds con-
sisted of:
Civil Defense Fund:
Alternator for Float
Parks and Playgrounds Fund:
Playground Equipment
251.80
840.30
A one-Tear land purchase option was acquired for $100.00 to buy a 30-
acre tract of land on Main Street which could be a site for a future Village Hall..
Liberal purchase terms arer being offered by the owner.
CURRENT LIABILITIES $4,040.61:
An assessment for Judicial Ditch *3 in the amount of $3,500.00 against
your village, dating back to October 10, 1959 was settled. for $1,200.00.
The current maturities on bonded debt and the applicable interest, in
the amounts of $2,000.00 add $122.50, respectively, are classified as current
liabilities for information purposes only, inasmuch as the funds are maintained
on a cash basis. Likewise, the liability for the'Village's portion of back
P.E.R.A. taxes in the amount of $1,918.11 is shown for information. purposes.
NON-CURRENT LIABILITIES - $2,105.00:
The deferred portion of the bonded debt - namely, the remaining balance
after excluding the payments 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-6. During the year 1968, payments on principal were made for a
total of $2,000.00, leaving a total bonded debt of $4,000.00 outstanding at the end
of the year on two remaining bond issues. The final payment on the Park Improvement
Bonds was made early in January, 1969.
-3-
DEFERRED REVENUE - 07,099.02.:
Since the village fends are maintained on a cash basis-, the unrealised
revenue from receivables, reduced by liabilities, is ehown'as an off - setting contra
account .. deferred revenue. In other words, no ' revenue is reflected in the fund;
until received in cash, nor are liabilities (unpaid bills) reflected in disburse -
ments until paid in cash. The receivables and payable) are reflected. on the balance.
sheet for information purposes only.
SURPLUS - 878,984.40:
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). FUnd Balances represent cash or investsents only,
since the various village finds 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 1968, showing the fund balance remaining in each fund as of
December 81, 1968. Schedules B-1 through B-8 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 re:
ceipts and disbursements for the General Fund and for the Road and Bridge Fund
with those of the prior year are presented in Schedules &.la and .B- 6a,'respectively.
These two schedules should be helpful is making comparisons of fund transactions
for the past two years. All the funds ended with debit balances (in the black)
after a transfer of $5,000.00 from the Park and Playgrounds Fund to the Road and
Bridge Fund. The balance of 8258.78 remaining in the Special Ditch Assessment Fund
was closed out by transfer to the General Fund. Total of all fund balances at
817,217.62 had increased by 89,469.97 from those of one year. ago. '
•
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 isproving, 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 inclnsion.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 and of this
report, on a comparative basis for the last three years. It should be noted that
the assessed valuation at $1,244,005.00 had increased . by 32.84X from that of one
year ago; The largest' part of the increase, . no doubt, arises from the fact that
the ratio of assessed vales to market value was raised by the assessor on vile
properties toward the desired uniform ratio of one to three, or 88 -1/3X, throaihout throughout
the entire state..
Insurance and bonds in force are detailed in Schedule 2 at the very end
of the report. Adequate coverages now appear to be carried on the usual risks
after a review of your insurance requirements during the past year followed by
adjustments to the coverages.
Your Village now operates under the so- called Plan A fora of village
government as adopted by popular referendum. Under this plan the clerk and the
treasurer are no longer elected officials, but are appointed by the Village Council.
The positions may be cowbined into one, as was done by your Village.
ASSifiS
Current Assets:
Cash in Bank
Taxes Receivable:
Current Levy
Delinquent
Per Capita Sales Tax
Special Assessments:
Current
Deferred
Delinquent
Total Current Assets
Fixed Assets:
Land
Buildings
Nquipment
Total Fixed Assets
TOTAL ASSETS
Soh.
A -1
A -2
A -4
1 -3
1 -3
A -4
A -5
LIABIL1TISS AND SURPLUS_
Current Liabilities:
Pa.R.A. Taxes Payable
Bonds Payable (Due within 1 yr.)
Bond Interest Payable -
(Due within 1 yr.)
Total Current Liabilities
Non- Current Liabilities:
Bonds Payable
(Not due within 1 year)
Bond Interest Payable -
(Not due within l year)
Total Non- Current Liabilities
Deferred Revenue:
Unrealized Revenue on Cash Basin:
Receivables
Less: Liabilities
Net Deferred Revenue
Surplus:
Investment in Fixed Assets
Fund Balances
Total Surplus
TOTAL LIABILITIUS AND SURPLUS
Village of Liao Lakes
Anoka County, Minnesota
BAW_ EMB 'T BY FUND
December 31, 1968
Total
$ 17,217.62
51,090.00
3,523.43
16,200.00
1,232.27
1,112.17
86.66
$ 90,4 2.25
General
Fund
$ 1,177.79
7,000.00
870.43
6,200.00
$ 15,24 .22
$ 10,000.00
21,000.00
30,7 .78
$ 61,766.78
Fire
Protection
Fend
$ 2s546.28
4,915.00
317.00
Civil
Defense
$ 688.47
1,000.00
60.00
$ 7,778.28 748.47
3152,229.03 $ 15,248.22 I 7,778.28 3 11748.47
$ 1,918.11 $ 1,918.11
2,000.00
122.50
4,040.61 1191 .il
$ 2,000.00
195.00
$ 2,105.00
3 73,244.63 $ 14,070.43
6,145261 1,918.11
$ 67,099.02 $ 12,152.32
$ 61,766.78
1
$152,229.01
-6-
6 1,177.79
$ 1,177.79
$ 15,248.22
S 5,232.00
$ 5,232.00
i 7,778.28
4 ' 1,060.00
$ 1,060.00
$
68(3.47
1(748.47
Gopher
Control
Fund
791.95
300.00
21.00
Parks and
Playgrounds
Fund
$ 3,204.97
6,275.00
504.00
Road and
Bridge
Fund
$ 1,152.24
31,600.00
1,656.00
10,000.00
(Soh. B-8)
Debt
Redemption
Fund
$ 7,656.92
95.00
1,232.37
1,112.17
86.66
$ 1,112.95 $ 9,9 2.97 $ 44,408.24 $ 10,183.12
$ ,, 1 1� l2 $ 9,982.97 $ 44,408.24 $ 10,183.12
$ 321.00 $ 6,779.00
321.00 $ 6,779.00
$ 791.95
$ 791.95
$ 1,112.95.
20
$ 9,982.97
$ 2,000.00
122.50
$ 2,122.50
$ 2,000.00
105.00
$ 2,105.00
$ 43,256.00 $ 2,526.20
4) 227.50
$ 43,256.00 (3 1,701.30)
$ 1,152.24
$ 1,152.24
$ 44,408.24
-7-
$ 10.183.1.2
SIT A
(Soh. A -5)
General
Fixed
Assets
$ 10,000.00
21,000.00
30,766.78
$ 61,766.78
$ 61,766.78
$ 61,766.78
$ 61,766,78
$ 61,766..78
Village of Lino Lakes
Anoka County, Minnesota
sumo" OF CASH RECEIPTS AND DISBUD BY FUNDS EDIT B
For the Year Ended December 31, 1968
1968
Beginning 1968 Cash Transfers ceding
P7.1133 Cash Disburse- In Balance
Fund *Soh. 6 Reoeivts .wa, or (Out) 12/31/68
General B -1 $(3,879.75) $40,488.85 $35,670,09 $ 238.78 $ 1,177.79
Fire Protection B-2 2,243.29 3,921.77 3,618.78 2,546.28
Civil Defense B-3 337.28 939.76 588.67 688.47
Gopher Control B-4 852.92 476.53 537.50 791.95
Parks and Playgrounds B-5 5,337.84 6,218.87 3,352.74 (5,000.00) 3,203.97
Road do Bridge B-6 (5,937.11) 31,298.06 29,208.71 5,000.00 1,152.24
Special Ditch
Assessment B -7 1,437.18 1.60 1,200.00 ( 238.78)
Debt Redemption B-8 7,355.90 2,493.52 2,192.50 7,656.92
Totals $ 7,747.65 $85,838.96, 476,368.99 $ - x17.217.62
* For details on crash receipts and disbursements see supporting
.. Schedules B -1 to B-8, inclusive.
-8-
Village of Lino Lakes
Anoka County, Minnesota
COMBINED COMPASATIVIE 8 WET
Deoember 31, 196B and 1967
Current Assets:
Cash in Bank
Taxes Reoeivable:
Current Levy
Delinquent
Per Capita Sales Tax
Special Assessments
Total Current Assets
Fixed Assets:
Land
Building$
Equipment
Total Fixed Assets
TOTAL ASSETS
ASSETS
12/31/68
$ 17,217.62
15,090.00
3,523.43
16,200.00
2,411.20
$ 90,4 2.25
$ 10,000.00
21,000.00
10,70.78
$ 61,766.78
8152,229.03,
LIABILITIES AND SURPLUS
Current Liabilities:
P.B.R.A. Taxes Payable
Spacial Assessment Payable
Bonds Payable - Due Within 1 Year
Interest Payable - Due Within 1 Year
Total Current Liabilities
Non- Current Liabilities:
Bonds Payable - Not Due Within 1 Year
Bond Interest Payable - Not Due
Within 1 Year
Total Non- Current Liabilities
Deferred Revenue:,
Th,realised Revenue on Cash Basis:
Receivables
Less: Liabilities
Net Deferred Revenue
%1t":
Investment in Fixed Assets
Fund Balances
Total Surplus
TOTAL LIABILITIES AND SURPLUS
$ 1,918.11
2,000.00
122.50
4,040.61
$ 2,000.00
$ 2,10055.0000
$ 73,244.63
6,14.61
$ 67,099.02
$ 61,766.78
1
$7.52,229.03,
As of
12/31/67
$ 74747.65
42,500.00
4,645.24
16,200.00
3,480.76
$ 74,573.65
$ 10,000.00
21,000.00
674
$135,248.33
$ 939.30
3,500.00
2,000.00
9
$ 6,631.80
$ 4,000.00
x.50
$ 4,227.50
$ 66,826.00
$ 55, •70
$ 60,674.68
6
SIT 0
Increase
(Deorea9e)
$ 9,469.97
8,590.00
( 1,121.81)
( 1.'Y t• .56)
$ 15,...,
$ 16,980.70
$ 978.81
( 3,500.00)
$( 2,000.00)
.1.111650
2,122.50
$ 6,418.63
4.715.69)
11,132.32
$135,248 33, 1 16,980.70
Village of Lino Lakes
Anoka County, Minnesota
CASH IN C1 NTAMNIAL STATN BANK OP LaINGTON
December 31, 1968
Checking Account:
Balance per Bank Statement - 31/68
Adds Deposit in Transit - 1/2 69 $2,146.00
Deposit in Transit - 1/3/69 25.75
Total
Less: Cheoks Outstanding
BCHiULS A-
$ 24,619.06
2,171.75
$ 26,790.81
Nun er Amount Number Aiaount
Payroll 731 $ 27.50 2233 $ 417.50
745 50.00 2234 100.00
748 50.00 2235 305.00
754 35.00 2237 939.30
755 25.00 2238 22.78
756 145.31 2242 11.50
758 141.53 2244 25.00
759 162.79 2246 3.50
760 176.72 2247 2,809.23
General: 2208 221.70 2248 1,153.00
2212 5.00 2249 3,619.25
2218 2.50 2250 30.00
2222 264.00 2251 30.00
2231 185.87 * 2252 yo.o
2279 27,81 z$8p0 ,
Total Cheoks Outstanding 11,073.19
Balance per Booke $ 15,717.62
Certificates of Deposit:
Interest
Dated Number Bate Amount
8/12/66 314 4 $ 500.00
8/12/66 315 4 500.00
Total
Total Cash in Bank
Payyroll deductions remitted January 13, 1969
-10-
$ 1,500.00
$ 17217.62
Village of Lino Lakes
Anoka County, Minnesota
CURRIOT TAUB R 00IVABLir SCHEDULH A -2
December 31, 1968
* State
Total Reimbursement Tax Levy
General Revenue $ 7,000.00 $ 232.00 $ 6,768.00
Road and Bridge 31,600.00 1,045.00 30,555.00
Fire Protection 4,915.00 163.00 4,752.00
Parks and Playgrounds 6,275.00 207.00 6,068.00
Civil Defense 1,000.00 33.00 967.00
Gopher Control 300.00, 10.00 290400
Total $ 51,090.Q0 $ 1,690.00 $ 494400.00
* For loss of revenue from exempt personal prop?rty.
SPhCIAL ASSIMINNTS Ris'CRIVABL SCUMS A -3,
December 31, 1968`""'
Street Improvement 42:
* Current Assessments $ 1,232.37
*s Deferrdd Assessments 14112,17
Total $ 2,344.54
*.On 1968 tax levy, oolleotible in 1969.
** Balance collectible during 1970, interest included.'
DbMINVIENT TAUS AND ASSAMMENTS RACSIVOLW SCAMS 4-4
December 31, 1968
Year Special
Collectible Total Taxes Assessments
1968 $ 1,164.84 $ 1,138.29 $ 26.55
1967 886.99 862.39 24.60
1966 632.32 547.14 85.18 .
1965 390.53 462.08 ( 71.55)
1964 328.81 301.69 27.12
1963 06.60 211.84 ( 5.24)
Total _610.09 $ 3,521.43 $ 86.66
Village of Lino Lakes
Anoka County, Minnesota
• GEBERAL FI]U D ASSAMS (PROBIRTIi8) SCHEDULE 11-5.
December 31, 1968'
L
Sunrise Park - 20 acres
Lino Lakes Park
$ 10,000.00
e _ $ 10,000.00
**BUILDINGS:
-- Sunrise Park - Duelling $ 5,000.00
- Storage Building 10,000.00
Warming Souse 5,000.00 $ 20,000.00
Lino Lakes Park - Warming Souse 1,000.00 $ 21,000.00
EGOIPM 1iT:
Road and Bridges
1957 Chevrolet Pickup $ 575.00
1962 Ford Dump Truck 6,500.00
1960 Ford with V Plow 1,000.00
1965 Massey Ferguson Traotor/Baokhoe 3,500.00
1947 Ford Traotor with Front Sad Loader 500.00
Sander 300.00
Rotary Mower 100.00
Sickle Mower- 100.00
Fbrd Scraper 108.00
4-Wheel Grader 500.00
4-Wheel Trailer 30.00 $ 13,213.00
Shop Equipment $ 2,375.00
Civil Defense:
1953 Chevrolet Panel
Other Equipment
Offioe Equipment
$ 600.00
1,381.80 $ 1,981.80
$ 2,719.61
Police Department:
1966 Plymouth 4-door $ 2,650.00
Other Equipment 1,464.05 $ 4,114.05
Parka and Playgrounda:
Sunrise park - Well $ 998.00
Sunrise Park 2,150.00
Lino Lakes Park 1,165.00
196 Equipment Additions 1,210.02
1968 Equipment Additions 840.30, 8 6,563.32, $ 30,766.78
Total General Fixed Assets ,$ 61,266.78,
* Value not readily available.
** Insurable values.
-12-
Village of Lino Lakes
Anoka County, Minnesota
Deoember 31, 1968
Balanoe
Bond Issue 1/1/68
1) Street Improvement ,2 $ 4,000.O0
2) Sark Improvement 200
Totals Y 6,000.00
tail
De s on Bond Issu :
es Outete in
Date of
Issue
1) 12/1/63
2) 4/1/64
Amount of
Issue
$ 6,000.00
i 5,000.00
Street *L
Year Prinoival IMMO.
1969 $ 1,000.00 1 105.00
1970 1,000.00 70.00
1971 1,000.00 35.00,
Total !i 3,000.00 ,$ 210.00,
1968
Payments
$ 1,000.00
1,009.00
i 2,000.00
Interest Payment
Bate Da�
SCHOULM A-6
Balanoe
12/31/68
$ 3,000.00
1,000.00
4 4,000.00'
Maturity
Date
311% 6/1 de 12/1 12/1/71
3b 1/1 d: 7/1 1/1/69
Park
Prino
$ 1,000.00
$ 1,000.00
Interest
$ 17.50
1 17.50
Village of Lino Lakes
Anoka County, Minnesota
GOAL FUND CASH RiI CCIPTS AND DISBURSMOITS SCHI DULS 3-1
For the Yaar Jsbded December 31, 1968
Budget
Recants: Actual getimate
Tax Settlements:
General Revenue $ 10,596.09
Mortgage Registry 520.53
Penalties and Interest 298.10
Licenses and Permits:
Liquor $ 5,600.00
Beer 565.75
Cigarette 201.00
Special Ube Permits 379.36
Dance 215.00
Building Permits 752.50
Moving Permit 50.00
Dog and Kennel 280,00
State Tax Apportionments:
* Per Capita Sales Tax $ 6,197.66
Cigarette 5,895.70
Liquor 4,592.44
Mobile Home 1,147.10
Pines: (Net after Costs Deducted)
Maanioipal Court
Charges for Current Services:
Dog Handling $ 244.00
H1ection Filing Fees 6.00
Rezoning 1,415.50
Assessment Searches and Assignments 85.00
Weed Spraying 99.40
Miscellaneous Revenue:
Sale of Supplies $ 21.10
Interest .Darned on C.D.'8 132.38
Interest 7rarned on Licenses 60.00
Federal Gas Tax Refunds 144.31
Other Refunds and Reimbursements ;.17.03
$ 10,460.00
$ 11,414.72 i 10,460.00
i 8,043.61 $ ,225 `.00
17,833.50
3 872.30
$ 10,775.00
$ 1,849.90 $ 250.00
$ 474.82, $ -
Total Cash Receipts $ 40,488.85 $ 29,710.00,
Tramsfere In from Other Rinds:
Special Assessment Ditch Fad It 238.78, $ -
* Total per capita sales tax • $5.22 $ 16,197.66
To Road and Bridge Rind 10,000.00
Balance to General Fund $ 6,127.66
-24-
Village of Lino Lakes
Anoka County, Minnesota
D
For the Year Euded December 31, 1
Disbursements:
Village Councils
Salaries
Telephone
Fuel Al Aleotrioity
Rent
Insurance
Membership Dues
Labor - General Maintenance
Equipment and Supplies
Munioipal Court:
Services
Eleotionss
Salaries
Supplies and kxpense
Finances
Salary of Clerk - Treasurer
Salary of Assistant
Office Supplies and ixpense
Payroll Taxes
Travel
Auditing Service
Assessors
Salary
Actual
$ 3,001.61
96.73
1,800.07
1,200.00
2,012.20
287.00
485.18
$ 542.86
34.96
1 1,909.35
706.05
458.22
1,515.23
124.59
730._00
Legal:
Professional Service $ .4,824.61
Printing and Publishing 592.05
Planning and Zonings
Plat Maps $ 65.00
ingineering Services 1,523.00
Polices
Salaries
Clothing Allowance
General Supplies and Axpense
Gas and Oil
Auto Repairs
New "%Mole Fund
Equipment
$ 5,683.84
1$0.00
85.30
417.15
297.33
..15-
(continued)
NAOSLS B -1
Page 2
Budget
. Estimate
$ 3,000.00
85.00
1,850.00
1,200.00
1,500.00
300.00
500.00
05
6.00
$ 8,882.79 $ 9, .00
1 1,994.87 $ 650.00
$ 475.00
125.00
$ 577.82 1 600.00
$ 1,800.00
550.00
125.00
800.00
i 5,463.44 $ 3,275.0o
$ 1,800.00 $ 1,700.00
$ 2,000.00
$ 5,326.66 1 2,300.00
$ 1,588.00 $ 2,500.00
4 5,500.00
180.00
50.00
500.00
100.00
750•00
,s1,90
8 6,641.62 4 7, ;..00
Village of Lino Lakes
Anoka County, Minnesota
GK AL FUND CASE RMjIP'i'3 AND DISK (continued)
For the Year Ended December 31, 196$
SCHEDULE B-1
Page 3
Budget
Disbursements: (Continued) Actual Estimate
Protective Inspection:
Building Inspection Fees $ 541.78 $ 500.00
Travel 19.25 70.00
$ 561.03 $ 570.00
Weed Inspections
Fees and Mileage $ 237.35 $ 400.00
Supplies 424.56 250.00
$ 661.91 $ 650.00
Animal Controls
Dog Catcher
Dog Lioenses
$ 1,375.00
19.50
Community and Business Development:
Signs $ 235.25
Pamphlets and Supplies 35.61
Refunds:
Liquor Lioenee
Capital Outlay:
Land Easement $ 300.00
Land Option 100.00
$ 10394.50 17500.00
$ 270.86
$ 106.59
$ 400.00
Total Disburdements $ 35,670.09 $ 29,710.00
Village of Lino Lakes
Anoka County, Minnesota SCHEDULE B-la
CONAIMSED COMPARISON OF CASH RECEIPTS AND DISBURSOMMTS -• SAL PDC
For the Years Ended December 31, 1968 and 1967
Cash Balance - Beginning of Year
Add:
Receipts:
Tax Settlements
Lioenses and Permits
State Tax Apportionments
Fines - Municipal Court
Charges for Current Servioes
Miscellaneous - Revenue
Temporary Bonds Posted
Total Receipts
Transfers In:
From Special Assessment Ditch Bond 238.78
Year Year
1968 1967
($ 3,879.75) $ 2,018.85
$ 11,414.72
8,043.61
17,833.50
872.30
1,849.90
474.82
$ 40,4 5
Total to Account For
Deduct:
Disbursements:_
Village Council
Municipal Court
Elections
Finance
Assessor
Legal
Planning and Zoning
Polioe
Proteotive Inspeotion,
Weed Inspection
Animal Control
Community and Business
Refunds
Capital Outlet'
Total Disbursements
$ 36,847.88
$ 8,882.79
1,994
577.82
5,463•44
l,oU00.00
5,326.66
1,588.00
6,641.62
561.03
661.91
1,39440
Development 270.
106.59
Transfers gut to Other Pundes
To Road and Bridge Fund
Total Deductions
Cash Balance - End of Year
$ 7,755.67
8,733.50
10,955.71
1,290.10
564.58
2,669.,03
$324685599
$ 34,487.44
$ 8,639.67
2,3M.93
1 2.01
3,185.36
1,610.13
2,271.38
4,340.00
6,908.47
714.42
604.62
1,289.59
500.00
400.00, 7 2.61
$ 35,670.09 $ 33,367.19
1 1.17.79 $( 31879.75)
-17-
Increase
(Decrease)
$( 5,898.60)
$ 3,659.05
( 689.89)
6,877.
( 417.8)
1,285.32
2,194.21
,,_. ) S,,
's020. ••
238.78
$ 2,360.44
$ 243.12
( 394.06)
2,.08
189.87
3,055.28
2,752.00
266.85
153.39
57.29
104.91
270.86
393.41
2,302.90
$ 5,057.54
Village of Lino Lakes
Anoka County, Minnesota
YIR$ PROTECTION FUND CASH REC OPTS AND DiSBURSAHNBTS , SCSNDULB 3-2
Por the Year lSaded December 31, 1968
Rao_ aim s
Tax Levy
Actual
Budget
Estimate
3.921.77 $ 3,815.00
Disbursements:
Salary - Fire Marshall $ 120.00 $ 120.00
Clothing Allowance 60.00 60.00
Travel 38.78 35.00
Fire Contraots 3,400.00 3,600.00
Total Disbursements $ 3,618.78 $ 3,815.00
CIVIL DEM= FMRiD CASH RIICBIP!!S AND DXSBURSIOGANTS SCHEDULE 3-3
For the Year Aided December 31, 1968
Budget
Race: Aotual Estimate
Tax Levy $ 698.31 $ 700.00
Cancellation of Prior Year Check 241.45
Total Receipts
IMO
939.76, $ 700:00
Disburpaments s,
Directors' lixpe®ees $ 303.23 $ 300.00
General Supplies 33.64 250,000
Alternator for Float 251.80 150 =00
Total Disbursements 6 588.67 $ 700.00
Village of Lino Lakes
Anoka County, Minnesota
GOPHINI CONTROL FAD CASH RICSZ7TS AND DI3B�IiH 1�T3, 8C$bDULL B-4
kn
For the Year ded Deoember 31, 1 8
Budget
Receipts: Actual Satimats
Tax Levy $ 309.13 $ 300.00
County Gopher Bounties 167.40, 200.02
Total Receipts 8 476.53 8 500.00
Disbursements:
Gopher Bounties ,$ 537.50 3 500.00,
PARRS AND PLAYGROUNDS FUND CASH R)r SIPTS AND DISBI'JRsxma8, scams B-5
For the Year faded Deoeaber 31, 19;$ •
Reoeivts:
Tax Levy
Disbursements:
Budget
Acitel Batijaate
$ 6,218.87 ,i 6,075.00
Salary - Caretakers $ 1,557.79 $ 750.00
Utilities 5 3.73 300.00
General Supplies and Repairs 2,525.00
$ 2,512.44
Capital Outlay:
Slide 3 • 735.30 2,500.00
Installation Labor
105.00
840.30
Total Disbursements $ 3,352.74 .8 6075.00
Transfers Out to Other Rinds:
To Road and Bridge Fund ,$ 5t0O0.00,^,_.._
Village of Lino Lakes
Anoka County, Minnesota
ROAD AND BUDGE FUND CASH RECEIPTS AND DISBURSEMENTS SCH DDU B-6
Por the Year Aided Deoember 31, 1966
Budget
Receipts: Actual Bslimate
Tax Levy 8 20,877.60 $ 20,000.00
Per Capita Sales Tax 10,000.00 16,000.00
Damage Claim 171.86
Culverts 248.60
Total Receipts $ 31,298.06, 36,000,00
Transfers In from Other Funds:
From Parks and Playgrounds
$ 5,000.00 i
.r�rrwr rrrr.��w
Disbursements :.
Labor $ 4,395.36
Grading and Snow Removal. 5,490.00
Mowing 345.00
Sodding and Seeding 170.00
Gas and Oil 450.59.
Road Surfacing 15,157.42
Culverts 1,060.08
General Supplies and Repairs 1,540.26
Total Disbursements 5.22,208.71 $ 36,000.00
Village of Lino Lakes
Anoka County, Minnesota
CONIONSED COMPARISON OF CASH RECEIPTS AND DISBURSEMENTS -
ROAD AND BRIDGE FOND
For the Years Ended December 31, 1968 and 1967
Cash Balance - Beginning of Year
Add s
Reoeivta s
Tax Settlements
Per Capita Sales Tax
Other Revenue
Total Receipts
Transfers In from Other Funds
Total to Account For
Deducts
Disbursements:
Labor
Road Surfacing
Grading and Snow Removal
Other Road Maintenance
Equipment Maintenance and
Gas and Oil
Total Disbursements
Cash Balance - Id of Year
Year
68
19
$( 5,937.11)
8 20,877.60
10,000.00
420.46
31,298.06
4 5,000.00
$ 30,360.95
$ 4,395.36
15,757.42
5,490.00
1,575.08
Supplies 1,540.26
450.59
8 29,208.71
8 1,152.24
Year
1967
$( 4,876.81)
$ 25,057.81
36.75
$ 25,094.'6
$ 5,000.00,
$ 25,217.75
SCHEDULE B--6a
Increase
(Decrease)
$( 1,060.30)
$( 4,i80.21)
10,000.00
383.71
$ 6,203.50
5,143.20
$ 7,762.02 8( 3,366.66)
,185.67 7,571.75
9,094.05 3,604.05
0:1
2,526.70 951.62
2,567.69 1,.43
1,018.73 5 .14
$ 31,154.86 8( 1,946.15)
$( 5,937.11) 8 7,089.35
Village of Lino Lakes
Anoka County, Minnesota
SP DIAL DITCH ASS1 SMOT FUND CASH RNiCi IPTS AND DISBURSAMATS SCUMS B -7
For the Year Mnded December 31, 1968
R! OUIPTS:
Tax Settlements:
Tax Levy 1.60
DISBORSAMWNTS:
Assessment Settlement $ 1,200.09
TRA1ISP S OUT TO OTH t FUNDS:
General Fund
238.78
DAT ROSMPTION FUND CASH MAUI'S A1'D DISBURSRM1ti!iTS
For the Year faded December 31, 1968
Balance January 1, 1968
Reoeipta s
Tax Levy
Special Assessments
Total Receipts
Total to Account For
Disbursements:
Bonds Retired
Interest on Bonds
Total Disbursements
Balance - December 31, 1968
Total
$ 7,355.90
$ 1,165.84
1,327.68
$ R;493.52
$ 9,849.42
SCBOULN B-8
Improvement Bonds
Street l2 Park
$ 6,855.40 $ 500.50
$ 1,165.84
1,327.68
1,327.68 $ 1,156.84
8,183.08 $ 1,666.34
$ 2,000.00 $ 1,000.00 $ 1,000.00
192.50. 140.00 52.50
4 L192.2.22 $ 1,11;,0.00 $ 1,052.50,
7,656.22 1 7,o04r. .08 613.84
Village of Lino Lakes
Anoka County, Minnesota
ASSESSED VALUATIONS, TAX LigVIAS AND TAX RATJ
Year Assessed:
Year Collectibles
AMMO VALUATIONS:
Real estate •
Personal Property
Sub -Total
* iftempt Personal Property
Totals
TAX LLVIMS BY COUNTY AUDITOR:
s
Revenue •
Road and Bridge
Park Bond and Interest
Fire Protection
Parks and Playgrounds
Civil Defense
Gopher Control
Totals
TAX LAUS IN MILLS:
Revenue
Road and Bridge
park Bond and Interest
Fire Proteotion
Parks and Playgrounds
Civil Defense
Gopher Control
Totals
1968
1969
$1,056,524.00
138,081.00
$1,194,605.00
49,400.00
j1,244z000.00
8 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
1967
1968
8777,050.00
892211
$935,77.00
$ 10,460.00
20,000.00
1,150.00
3,815.00
6,075.00
700.00
300.00
L42 .00..00
11.18
21.38
1.22
4.08
6.49
.74
45.41
SCHOULig 1
1966
1967
8751,021.00
1 59775.00
996.00
$886,996.00
8 7,345.00
25,700.00
1,150.00
3,625.00
5,515.00
400.00
500.00
$ 44,035.00
8.29
28.98
1.29
4.08
6.22
.45
49.64
* Loss 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.
Village of Lino Lakes
Anoka County, Minnesota
INSIIRA1CS JD BONDS IN FORC1h
December 31, 1968
Company Policy No. Term Szpires
Auto - Owners Insurance Company 127257 3 years 1/11/70
Auto - Owners Insurance Company 602306- 1 year 6/14/69
08074942
Auto - Owners Insurance Company SP924209 1 Year 3/7/69
Great Central Insurance Company C41048 1 Year 3/31/69
Auto - Owners Insurance Company 687006- 3 Years 2/14/71
08697306
-24-
4
SCHNDTILK 2
Amount Coverat{e Premium
Fire and Extended Coverage:
$ 5,000.00 Dwelling - Sunrise Park
10,000.00 Storage Building - Sunrise Park
5,000.00 Recreation Room 8a Warming House - Sunrise Park
4,456.00 Contents at Village Hall
80.00 Contents at 241 Elm Street
1,000.00 Warming Rouse - Lino Lakes Park
$ 25,536.00 Total Annual $ 157.00
Comprehensive Commercial Policy:
100 /300M Municipality - Bodily Injury Liability
10/25K - Property Damage Liability
100 /300M Fleet Auto - Bodily Injury Liability
lam - Property Damage Liability
A.C.V. - Comprehensive
A.C.V. - Collision - $100 Deductible
8 8,154.25
Statutory
$ 10,000.00
$ 30,000.00
Scheduled Property Floater - $50 Deductible
Workmen's Compensation
Public EMployees Blanket Bond:
Blanket Position Bond - All Employees
Clerk- Treasurer -- June .L mertson
$ 767.67
$ 81.00
$ 429.00:
385.50