HomeMy WebLinkAboutAudit Report 12/31/1967REPORT ON AUDIT
VILLAGE OF LINO LAS
Anoka County, Minnesota
For the Year Ended December 31, 1967
Waldemar A. Rill
Certified Public Accountant
202 Apache Office Park Building
2500 - 39th Avenue Northeast
Minneapolis, Minnesota 55421
* Al Ross
William Bohjanen
Henry Rosengren
Ralph L °Allier
Andrew Cardinal
**
Village of Lino Lakes
Anoka County, Minnesota
VILLAGE COUNCIL AND OFFICIALS
For the Year Ended December 31, 1967
* Appointed Mayor on
Term of Alden E.
** Appointed to fill
Norman G. Miller
June Emerton
Babcock and Locher
Milner W. Carley and
Associates
Robert Raymond
0. Elwood West
Albert J. Dupre
Mrs. Richard Sarner
Ed. J. Houle
Richard J. Juleen
Kenneth Bryant
Bruce Fleming
Dr. Carl Peikert
VILLAGE COUNCIL
Mayor
Trustee
Trustee
Trustee
Trustee
February 13, 1967 to fill unexpired
Domning, deceased.
vacancy of Al Ross.
VILLAGE OFFICIALS
Cleric- Treasurer
Deputy Clerk.- Treasurer
Attorneys
Engineers
Constable
Constable
Building Inspector
Assessor
Weed Inspector
Fire Marshall
Civil Defense Director
Dog Catcher
Health Officer
Population - 3,013 per 1965 Census.
Term
Expires
12/31/67
12/31/69
12/31/68
12/31/69
12/31/67
Indefinite
Indefinite
12/31/67
12/31/67
12/31/68
12/31/67
Indefinite
12/31/67
12/31/67
12/31/67
12/31/67
12/31/67
12/31/67
Village of Lino Lakes
Anoka County, Minnesota
INDEX
Accountant's Opinion
Explanatory Comments
EXHIBITS:
A Balance Sheet by Funds as of December 31, 1967
B Summary of Cash Receipts and Disbursements by Funds
for the Year Ended December 31, 1967
DETAILS ON BALANCE SHEET ITEMS
SCHEDULES:
Art 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
DETAILS ON CASH RECEIPTS AND DISBURSEMENTS BY FUNDS
SCHEDULES:
B-1 • General Fund Cash Receipts and Disbursements
B-la General Fund Condensed Comparison of Cash Receipts
and Disbursements
B-2 Fire Protection Fund Cash Receipts and Disbursements
B=3 Civil Defense Fund Cash Receipts and Disbursements
B-4 Gopher Control Fund Cash Receipts and Disbursements
B=5 Parks and Playgrounds Fund Cash Receipts and Disbursements
B-6 Road and Bridge Fund Cash Receipts and Disbursements
B-6a Road and Bridge Fund Condensed Comparison of Cash Receipts
and Disbursements
B-7 Special Ditch Assessment Fund Cash Receipts and
Disbursements
B-8 Debt Redemption Fund Cash Receipts and Disbursements
MISCELLANEOUS
SCHEDULES:
1 Assessed Valuations, Tax Levies and Tax Rates
2 Insurance and Bonds in Force
Page
1
2 -4
5-6
7
8
9
9
9
10
11
12-14
15
16
16
17
17
18
19
20
20
21
22 -23
Waldemar A. Hill.
Certified Public Accountant
202 Apache Office Park Building
2500 - 39th Avenue Northeast
Minneapolis, Minnesota 55421
ACCOUNTANTIS 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 of the Village of Lino Lakes as of December 31, 1967, and the
related fund transactions for the year then ended. Our examination
was made in accordance with generally accepted auditing standards, and
accordingly included such tests of the accounting records and such other
auditing 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, 1967, 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 y submitted,
Waldemar A. Hill, C.P.A.
Date Field Work Completed: January 15, 1
Date Report Signed : 3, ir4 fl
Village of Lino Lakes
Anoka County, Minnesota
I - COMMENTS ON BALANCE SHEET ITEMS
Exhibit A presents the financial condition of the Village by funds as
of December 31, 1967. A comparative balance sheet of all funds combined is pre-
sented in Exhibit C, which shows the financial position of the Village in cos..
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. Further explanations, analyses,
or listings are presented in the next several paragraphs of these comments.
CASH IN BANK - $7,747.65:
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 funds had been laced on certificates of interest for a total of
$3,500.00, earning interest at 4.
TAXES RECEIVABLE - $47,145.24:
Current taxes are those which were placed on the 1967 levy and are
collectible in 1968. They amounted to $42,500.00, 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 $4,645.24, covering the past
six years, as summarized in Schedule A-4.
SPECIAL ASSESSMENTS RECEIVABLE - $3,480.76:
These assessments have been made against those property owners directly
benefiting by village improvements. Assessments may be paid all at once or in
equal annual installments with interest added at 6% 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 assessments
consist of the installments collectible on the tax rolls during the year 1968.
Deferred assessments consist of the remaining balances due in future years. Delia,
quent assessments are the uncollected balances remaining on prior tax rolls. Aside
from delinquent assessments, all remaining assessments pertain to street improve-
ment #2.
The special assessments are summarized in the following schedules:
Schedule A-3 Current Assessments $ 1,202.96
Schedule A73 Deferred Assessments 2,092.80
Schedule A-4 Delinquent Assessments 185.00
Total $ 3 :480.76
- 2
GENERAL FIXED ASSETS (Properties) - $60,674.68:
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 record
of all properties for insurance and control purposes is recommended.
Principal additions to properties during the year 1967 by funds
consisted of:
General Fund:
Office Equipment $ 742.61
Police Equipment 384.05
Parks and Playgrounds Fund:
Playground Equipment 1,024.80
Gas Furnace 185.22
Well at Sunrise Park 998.00
CURRENT LIABILITIES - $5,692.50:
An assessment for Judicial Ditch #3 in the amount of $3,500.00 against
your village, dating back to October 10, 1959, remains unsettled. The County
Auditor indicated to us that a compromise settlement might be possible with the
court which made the original assessment. In any event he is very anxious to get
this old matter settled.
The current maturities on bonded debt and the applicable intent, its
the amounts of $2,000.00 and $227.50, respectively, are classified as current
liabilities for information purposes only, inasmuch as the funds are maintained
on a cash basis.
NON- CURRENT LIABILITIES - $4,227.50:
The deferred portion of the bonded debt - namely, the remaining balance
after excluding the payments due within one year -o 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 1967, payments on principal were made for
a total of $2,500.00, leaving a total bonded debt of $6,000.00 outstanding at the
end of the year on two remaining bond issues.
DEFERRED REVENUE - $44,933.50:
Since the village funds are maintained on a cash basis, the unrealized
revenue from receivables, reduced by current 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 - $68,422.33:
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 investments only
since the various village funds are maintained on a cash basis.
II - COMMENTS ON FUND TRANSACTIONS
Exhibit B presents a summary of the cash receipts and disbursements by
funds for the year 1967, showing the fund balance remaining in each fund as of
December 31, 1967. 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
receipts and disbursements for the General Fund and for the Road and Bridge Fund
with those of the prior year are presented in Schedules B-la and B-6a, respectively.
These two schedules should be helpful in making comparisons of fund transactions
for the past two years. The General Fund and the Road and Bridge Fund ended the
year with deficit balances of $3,879.75 and $5,937.11, respectively. All other
funds ended with debit balances. Total of all the fund balances amounted to
$7,747.65. A transfer of $5,000.00 from the General Fund to the Road and Bridge
Fund was made during the year. There is no legal requirement to segregate revenue
funds into several separate funds. All revenue funds could be included in the
General Fund.
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 even though the cash fund balances
decreased by $5,526.65 for the year. The Village books are maintained on the
usual cash basis, 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
funds so as to make it more meaningful.
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.
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.
Plan A form of village government is now in effect in your village 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 combined into one as was done in your Village.
ASSETS
Current Assets;
(:ash in Bank Sch. A-1
Taxes Receivable:
Current Sch. A-2
Delinquent Sch. A-4
Special Assessments:
Current Sch. A-3
Deferred Sch. A-3
Delinquent Sch. A-4
Total Current Assets
Fixed Assets:
Land
Buildings
Equipment
Total Fixed Assets
Sch. A-5
Deferred Tax Levies:
Amount to be provided for
Retirement of Bonds & Interest
TOTAL ASSETS
LIABILITIES AND SURPLUS
Current Liabilities:
Special sessment Payable
Bonds Payable (Due within 1
Bond Interest Payable -
(Due within 1 year)
Total Current Liabilities
yz)
Non-Current Liabilities:
fonds Payable -
(Not due within 1 year)
Bond Interest Payable -
(Not due within 1 year)
Total Non - Current Liabilities
Village of Lino Lakes
Anoka County, Minnesota
BALANCE SHEET BY FUNDS
December 31, 1967
Total
$ 7,747.65
42,500.00
4,645.24
1,202.96
2,092.80
185.00
$ 58,373.65
$ 10,000.00
21,000.00
29,674.68
$ 60,674.68
$ 4,227 50
$123,275.83
Deferred Revenue:
i
urealTiWieWenue on Cash Basis:
Receivables $
Less: Current Liabilities
Net Deferred Revenue $
Surplus:
Surplus Invested in Fixed
Assets
Fund Balances
Total Surplus
TOTAL LIABILITIES AND SURPLUS
3,500.00
2,000.00
192.50
5,692.56
4,000.00
227.50
4,227.56
50,626.00
5,692:50
44,933.56
$ 60;674.68
7,747.65
$ 68 422.38
$123275 °83
General
Fund
$(3,879.75)
10,460.00
1,142.24
7,722.49
$ 7,722.49
$11,602.24
$11,602.24
$ 70722 49
-5-
Fire Civil
Protection Defense
Fund Fund
$2,243.29 $ 337.38
3,815.00 700.00
418.00 79.00
$6,476.29 $1,116.38
$6,476.29 $1,116.38
$4,233.00
$4,233.00
$ 779.00
$ 779.00
2,243.29 337.38
$2,243.29 $ 337.38
$6,476.29 $11116.38
Gopher
Control
Fund
$ 852.92
300.00
32.00
$1,184.92
$1,184.92
IMO
$ 332.00
$ 8$2.00
852.92
$ 852.42
$1,184.92
EXHIBIT A
Special (Sch. B-8) (Sch. A -5) (Sch. A-6)
Parks and Road and Ditch Debt General General
Playgrounds Bridge Assessment Redemption Fixed Bonded
Fund Fund Fund Fund Assets Debt
$ 5,337.84 $( 5,937.11) $ 1,437.18 $ 7,355.90
6,075.00 20,000.00 1,150.00
664.00 2,185.00 125.00
1,202.96
2,092.80
185.00
$ 12,076.84 $ 16,247.89 $ 1,437.18 $ 12,111.66
$ 10,000.00
21, 000.00
29,674.68
$ 60,674.68
$ 4,227.50
$ 12,076.84 $ 16,247.89 $ 1,437.18 $ 12,111.66 $ 60,674.68 $ 4,227.50
$ 3,500.00
$ 2,000.00
192.50
$ 3,500.00 $ 2,192.50
$ 6,739.00 $ 22,185.00 $ 4,755.76
$ 3,500.00 2,192.50
$ 6,739.00 $ 22,185.00 $( 3,500.00) $ 2,563.26
$ 4,000.00
227.50
$ 4,227.50
$ 60,674.68
$ 5,337.84 $( 5,937.11) $ 1,437.18 $ 7,355.90
$ 5,337.84 $( 5,937.11) $ 1,437.18 $ 7,355.90 $ 60,674.68 -
$ 12,076.84 $ 16,247.89 $ 1,437.18 $ 12,111.66 $ 60,674.68 $ 4,227.50
Village of Lino Lakes
Anoka County, Minnesota
SUMMARY OF CASH RECEIPTS AND DISBURSEMENTS BY FUNDS
For the Year Ended December 31, 1967
Fund
General
Fire Protection
Civil Defense
Gopher Control
Parks and Playgrounds
Road and Bridge
Special Ditch
Asaesanent
Debt Redemption
Totals
Beginning
Balance
*Schedule 1-1-67
B-1
B-2
B -3
B -4
B -5
B-6
B-7
B-8
$ 2,018.85
2,381.67
261.80
811.33
4,309.85
(4,876.81)
3,005.86
5,361.75
$13.274.30
1967
Cash
Receipts
$32,468.59
3,527.35
386.69
724.74
5,340.25
25,094.56
1967
Cash
Disburse-
ments
$33,367.19
3,665.73
311.11
683.15
4,312.26
31,154.86
Transfers
• In
or (Out)
$(5,000.00)
5,000.00
1.89 - (1,570'.57)
3,196.08 2,772.50 1.570.57
$70.740.15 $76.266.80
'For details on cash receipts and disbursements see supporting
Schedules B-1 to B-8, inclusive.
7
-
FTBIT B
Ending
Balance
12 -31-67
$(3,879.75
2,243.29
337.38
852.92
5,337.84
(5,937.11)
1,437.18
7.355.90
.747.65,
Village of Lino Lakes
Anoka County, Minnesota
COMBINED COMPARATIVE BALANCE SHEET
;ieceMber 31, 1967 and 1966
ASSETS
Current Assets:
Cash in Bank
Taxes Receivable - Currant
Taxes Receivable - Delinquent
Special Assessments
Total Current Assets
Fixed Assets:
Land
Buildings
Equipment
Total Fixed Assets
Deferred Tax Levies:
Amount to be Provided for Retirement
of Bonds and Interest
TOTAL ASSETS
As Of
12 -31-67
$ 7,747.65
42,500.00
4,645.24
3.480.76
$ 58,373.65
As Of
12 -31-66
$ 13,274.30
44,035.00
4,083.23
7.567.51,
$ 68,960.04
EXHIBIT C
Increase
(decrease)
(5,526.65)
(1,535.00)
562.01
(4,086.75
$(10,586.39
$ 10,000.00 $ 10,300.00 $ (300.00)
21,000.00 3,500.00 17,500.00
29,674.68 26,383.00 3.291.68
$ 60,674.68 $ 40,183.00 3 20,491.68
$ 4,22740
$123,275.83
LIABILITIES AND SURPLUS
Current Liabilities:
Special 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:
Unrealized Revenue on Cash Basis:
Receivables
Less: Current Liabilities
Net Deferred Revenue
Surplus:
Investment in Fixed Assets
Fund Balances
Total Surplus
TOTAL LIABILITIES AND SURPLUS
-7a-
$ 3,500.00
2,000.00
192.50
$ 5,692.50
$ 4,000.00
227.50
$ 4,227.50
$ 50,626.00
5.692.50
$ 44,933.50
$ 60,674.68
7.747.6
$123,275.83
$ 6.420.00 $ (2.192.50)
$115.563.04 $ 7,712.79
$ 3,500.00
2,500.00
272.50
$ 6,272.50
$ 6,000.00
420.00
t 6,420.00
$ 55,685.74
6,272.50
3 49,413.24
$ 40,183.00
13,27
$115,563.04
$ -
(500.00)
(80.00)
w (580.00)
$ (2,000.00)
(192.50)
$ (2,192.50)
$ (5,059.74)
(580.00
$ (4,479.74)
$ 20,491.68
(5.526.65)
$ 14.965.03
$ 7,712.79
Village of Lino Lakes
Anoka County, Minnesota
CASH IN CENTENNIAL STATE BANK OF LEON SCHEDULE Al
December 31, 1967
Checking Account:
Balance per Bank Statement 12 -29-67 $ 7,550.33
Add: Deposit in Transit 1 -5-68 2.369400
Total $ 9,919.53
Less: Checks Outstanding
Number Amount Number uat
Payrolls 510 39.37 1721 100.00
512 247.44 1723 39.00
513 160.20 1724 26.00
517 78.30 1725 98.64
* 346.69 1726 4.20
** 39.25 1727 32.25
* ** 191.38 1729 30.00
General: 933 25.00 1730 24.96
1437 832.75 1731 1.50
1693 250.00 1732 36.75
1695 241.45 1734 2.50
1707 834.00 1735 21.00
1713 50.00 1736 2.00
1715 50.00 1737 6.55
1716 50.00 1738 12.16
1717 50.00 1739 10.47
1718 25.00 1740 122.25
1719 1,500.00 1742 35.00
1720 30.82 1743 25.00
Total Checks Outstanding j671.88
Balance per Books $ 4,247.65
Certificates of Deposit:
Interest
Dated Number, Bate Amount
8 -12-66 310 4.- 500.00
8 -12-66 311 500.00
8-12 -66 312 500.00
8-12 -66 313 500.00
8-12 -66 314 500.00
8 -12-66 315 500.00
8-12 -66 316 500.00
Total
Total Cash in Bank
Payroll Deductions to be Remitted:
* Internal Revenue service - Federal Withholding Tax
** Commissioner of Taxation - State Withholding Tax
*** State Treasurer - P.E.R.A.
$ 3.500.00
$ 7.747.65
Village of Lino Lakes
Anoka County, Minnesota
CURRENT TA=F -S RECEIVABLE SCHEDULE A-2
December 31, 1967
1967 Tax Lev - Collectible in 1968: Amount
General Revenue $10,460.00
Road and Bridge 20,000.00
Park Bond and Interest 1,150.00
Fire Protection 3,815.00
Parke and Playgrounds 6,075.00
Civil Defense 700.00
Gopher Control 300.00
Total $42.500.00
SPECIAL ASSESSMENTS RECEIVABLE SCHEDULE A -3
December 31, 1966
Street Improvement 42:
*Current Assessments $ 1,202.96
* *Deferred Assessments 2.092.80
Total = 3.295.76
* On 1967 tax levy, collectible in 1968.
** Balance collectible during future years, interest included.
Year Collectible
DELINQUENT TAXES AND ASSESSMENTS RECEIVABLE SCHEDULE A -4
December 31, 1967
Special
T to Taxes Assessments
1967 $2,656.35 $2,537.82 $118.53
1966 875.22 790.04 85.18
1965 431.22 502.77 (71.55)
1964 381.30 347.80 33.50
1963 244.02 244.80 (.78)
1962 242.13 222.01 20.12
Total $4,830.24 $4,645.24 $185.00
Village of Lino Lakes
Anoka County, Minnesota
GENERAL FIXED ASSETS (PROPERTIES)
December 31, 1967
:
Sunrise Park - 20 Acres
Lino Lakes Park
* *BUILDINGS:
Sunrise Park - Dwelling
- Storage Building
- Warming House
Lino Lakes Park - Warming House
EQUIPMENT:
Road and Bridge:
1957 Chevrolet Pickup
1962 Ford Dump Truck
1960 Ford with V Plow
1966 Massey Ferguson Tractor with Baokhoe
Ford Tractor with Front End Loader
Sander
Rotary Mover
Sickle Mower
Ford Scraper
4-Wheel Grader
4-Wheel Trailer
Shop Equipment
Civil Defense:
1953 Chevrolet Panel
Other Equipment
Office Equipment
Police Department:
1966 Plymouth 4 -Door
Other Equipment
Parks and Playgrounds:
Sunrise Park - well
Sunrise Park
Lino Lakes Park
1967 Equipment Additions
Total General Fixed Assets
* Value not readily available.
** Insurable values.
-10-
$ 5,000.00
10,000.00
5.000.00,
$ 575.00
6,500.00
1,000.00
3,500.00
500.00
300.00
100.00
100.00
108.00
500.00
30.000
$10,000.00
SCE A -5
10,000.00
$20,000.00
1.000.00 $21,000.00
$13,213.00
2,375.00
$ 600.00
1,130..00 $ 1,730.00
$ 2,650.00
1.464.05
$ 998.00
2,150.00
1,165.00
- 1,20.02
2,719.61
$ 4,114.05
$ 5.523.02 }29.674 =68,
360.674..68
Village of Lino Lakes
Anoka County, Minnesota
BONDED INDEBTEDNESS
December 31, 1967
pond Issue
1) Street Improvement #1
2) Street Improvement #2
3) Park Improvement
Totals
Details gn Bond Issues Outstanding:
1)
2)
3)
Year
1968
1969
1970
1971
Total
Date of
Issue
7 -1 -56
12 -1-63
4-1-64
Amount of
Issue
45,000.00
$6,000.00
45,000.00
Street #2
Principal Interest
$1,000.00
1,000.00
1,000.00
1.000.00,
$4..000.00
$140.00
105.00
70.00
35.00
$350.00
Balance
1 -1-67
$ 500.00
5,000.00
3.000.00
$8.500.00
SCHEDULE A-6
1967 Balance
Payments 12-31-67
$ 500.00 $ -
1,000.00 4,000.00
1.000.00, 2.00000
$2.500.00 $6.000.00
Interest Payment
Rate Dates
Maturity
Date
4$ 1 -1 and 7 -1 1-1-67
6-1 and 12-1 12 -1 -71
31;6 1 -1 and 7 -1 1-1-69
Park
Principal Interest
$1,000.00 $ 52.50
1,000.00 17.50
$2.000.00 $ 70.00
Village of Lino Lakes
Anoka County, Minnesota
GENERAL FUND CASH RECEIPTS AND DISBURSITS SCHEDULE B -1
For the Year Ended December 31, 1967
Budget
Receipts Actual Estimate
Tax Settlements:
General Revenue $7,075.72
Mortgage Registry 366.83
Planning and Zoning 1.00
Penalties and Interest 313.12
Licenses and Permits:
Liquor $6,200.00
Beer 647.00
Cigarette 177.00
Special Use Permits 371.50
Dance 200.00
Building Permits 954.00
Dog 184.00
State Tax Apportionments:
Cigarette $5,926.73
Liquor 4,251.11
Mobile Home _ 777.87
Fines: (Net after Costs Deducted
Municipal Court
Charges for Current Services:
Dog Handling $ 265.33
Election Filing Fees 14.00
Rezoning and Variances 175.00
Assessment Searches and Assignments 18.50
Weed Spraying 91.75
Miscellaneous Revenue:
Flood Disaster $1,585.00
Sale of Supplies 9.65
Sale of Old Equipment 35.00
Cancellation of Old Checks 304.30
Interest Earned 391.81
Federal Gas Tax Refunds 247.31
Insurance Refund 95.96
Temporary Bonds Posted:
House Moving
Total Cash Receipts
12
$ 7,345.00
$ 7,755.67 $ 7,345.00
$ 8,733.50 6,475.00
$10,955.71
$ 1,290.10
$10,000.00
$ 725,0o
$ 564.58 $ 250.00
$ 2,669.03 $
$ 500.00
$32.468.59 $24.795.00
(Continued)
Village of Lino Lakes
Anoka County, Minnesota
GENERAL FUND CASH RECEIPTS AND DISBURSEMENTS (Continued)
For the Year Ended December 31, 1967 SCHEDULE B_1
Page 2
Disbursements
Village Council:
Salaries
Telephone
Postage
Utilities
Rent
Insurance
Membership Dues
Labor - General Maintenance
Repairs and Supplies - Village Hall
Municipal Court:
Services
Elections:
Salaries
Supplies and E.pense
Finance:
Salary of Clerk Treasurer
Salary of Assistants
Office Supplies and Expense
Bonds
Travel
Auditing Service
Feasibility Report
Assessor:
Salary
Bond
Supplies
Legal:
Professional Service
Printing and Publiabiag
Planning and Zoning:
Sanitary Sever Study
Other Engineering Services
Police:
Salaries
Loss of Wages - Reimbursements
Clothing Allowance
General Supplies
Printing
Gas and Oil.
Auto Repairs
Actual
$2,976.79
94.50
69.55
1,647.98
1,300.00
1,606.22
287.00
529.80
127.83
$ 163.38
8.63
$1,316.96
618.56
150.57
30.00
19.27
Budget
Tsatimate
$ 1,250.00
85.00
2,000.00
1,200.00
1,500.00
300.00
300.00
250.00
$ 8,639.67 $ 6,885.00
$ 2,388.93 $ 650.00
$ 200.00
100.00
$ 172.01 $ 300.00
$ 1,500.00
300.00
100.00
800.00 750.00
250.00
$ 3,185.36 2,650.00
$1,500.00 $ 1,500.00
10.00 moo
_, 100.12 1+0.00
$ 1,610.13 $ 1,550.00
$1,994.33 $ 2,000.00
277.05 300.00
$ 2,271.38 $ 2,300.00
$3,000.00
-2:24122
$5,195.00
156.83
90.00
201.64
40.00
419.01
421 94
$ 4,340.00 1,000.00
$ 4,960.00
(nt.,al)
120.00.
70.00
500.00
100.00
Village of Lino Lakes
Anoka County, Minnesota
GENERAL FUND CASH RECEIPTS AND DISBURSEMENTS (Continued)
For the Year Ended December 31, 1967 SCHEDULE B-
Page 3
Budget
Disbursemtentp: (Continued) Actual. Estimate
Police: (Continued)
New Vehicle Fund $ - $ 750.00
Capital Outlay 500.00
2 Guns 175.50
Battery Charger 114.70
Oxygen Tank 93.85
Protective Inspection:;
Building Inspection Fees
Travel
$ 714.42
AMP
Weed Inspection:
Fees and Mileage $ 480.12
Supplies 124.50
Animal Control:
Dog Catcher $1,269.88
Dog Licenses 19.71
$ 6,908.47 7,000:00
$ 500.00
60.00
$ 714.42 $ 560.00
$ 400.00
$ 604.62 .00
$ 1,289.59
Refunds:
House Moving Bond $ 500.00 $ 500.00
Capital Outlay:
Mimeograph and Cabinet $ 196.00
Filing Cabinet 72.52
Executive Chairs (9) 406.34
Fan and Wiring 67.75
Total Disbursements
$ 742.61,
$33,367.19
Transfers Out to Other Funds:
To Road and Bridge Fund $ 5.000.00
14
$ 500.00
$24.795.00
Village of Lino Lakes
Anoka County, Minnesota SCHEDULE B-la
CONDENSED COMPARISON OF CASH RECEIPTS AND DISBURSEMENTS - GENERAL FUND
For the Years Ended December 31, 1967 and 1966
Cash Balance - Beginning of Year
Add:
Receipt,
Tax Settlements
Licenses and Permits
State Tax Apportionments
Fines - Municipal Court
Charges for Current Services
Miscellaneous - Revenue
Temporary Bonds Posted
Total Receipts
Total to Account For
Deduct:
Disbursements:
Village Council
Municipal Court
Elections
Finance
Assessor
Legal
Planning and Zoning
Police
Protective Inapection
Weed Inapection
Animal Control
Miscellaneous
Refunds
Capital Outlay
Total Disbursements
Transfers Out to Other Funds:
To Road and Bridge Fund
Total Deductions
Cash Balance - End of Year
Year
1967
$ 2,018.85
$34,487.14
$ 8,639.67
2,388.93
172.01
3,185.36
1,610.13
2,271.38
4,340.00
6,908.47
714.42
604.62
1,289.59
500.00
7 .61
$33,367.19
000.00
38.367.19
$(3.879.75)
Year
1966
$ 4,158.82
$ 4,435.59
10,501.50
11,057.06
1,425.00
217.30
752.97
1.000.00
Ig2s1g9J.4g_
$33,548.24
Increase
(Decrease)
$(2,139.97)
$ 3,320.08
(1,768.00)
(101.35)
(134.90)
347.28
19916.06
00
$ 939.20
$ 6,283.89 $ 2,355.78
1,597.33 791.60
583.88 (411.87)
2,623.03 562.33
1,510.00 100.13
2,937.94 (666.56)
2,626.00 1,714.00
4,158.38 2,750.09
454.23 260.19
640.92 (36.30)
1,417.59 (128.00)
19.28 (19.28)
1,112.00 (612.00)
1.564.92 822.
27,529.39 5,837.80
000.00 9 1000.00
31.529.3, $ 6.837.80,
$ 2.018.85 $(5.898.60)
Village of Lino lakes
Anoka County, Minnesota
FIRE, PROTECTION FUND CASH RECEIPTS AND DISBURSES SCHEDULE B -2
For the Year Ended December 31, 1967
Receipts
Tax Levy
Disbursements:
Budget
Actual Estimate
122.2.4_217. $38625.00
Salary - Fire Marshall $ 120.00 120.00
Clothing Allowance 120.00 60.00
Travel 85.73 35.00
Fire Contracts 3,400.00 3,400.00
Printing 70.00
Total Disbursements
Receipta:
Tax Levy
Disbursements:
$3.665.73 122625.00
CIVIL DEFENSE FUND CASH RECEIPTS AND DISBURS5,mi S SCHEDULE B -3
For the Year Ended December 31,177-
General Supplies
Jackets (11)
Folio Raincoats
Total Disbursements
Budget
Actual 'Estimate
$ 21.96
241.45
47.70
8b "69 $ 400.00
$ 250.00
150.00
311.11 400.00
Village of Lino Lakes
Anoka County, Minnesota
GOPHER CONTROL FUND CASH RECEIPTS AND DISBURSEMENTS SCHEDULE B-4
For the Year Ended December 31,71A7
Budget
RECEIPTS: Actual Estimate
Tax Levy $ 289.04 $ 300.00
County Gopher Bounties 15,70, 200.00
Total Receipts $ 724.74 it 500.00,
DISBURSEMENTS:
Gopher Bounties $ 683.15, $ 500.00
PARKS AND PLAYGROUNDS FUND CASH RECEIPTS AND DISBURSEMENTS SCHEDULE 3 -5
For the Year Ended December 31, 1967
Actual
RECEIPTS: Actual Estimate
Tax Levy $5.340.125 $5.515.00
DISBURSEMENTS:
Salary - Caretakers $ 695.00 $ 700.00
Labor 463.00 650.00
Grass Cutting 57.50
Utilities 390.78 200.00
General Supplies and Repairs 372.96 1,465.00
Roof on House x.00
$2,104.24
Capital Outlay:
Gas Furnace $ 185.22
Well at Sunrise Park 998.00
Playground Equipment 1.024.80 2,208.02 2.500.00
Total Disbursements 14,312.26 $4.350.00
Village of Lino Lakes
Anoka County, Minnesota
ROAD AND BRIDGE FUND CASH RECEIPTS AND DISBURSEMENTS SCHEDULE B-6
For the Year Ended December 31, 1967
Budget
RECEIPTS: Actual Estimate
Tax Levy $25,057.81 $25,700.00
Other Revenue - 300.00
Road Signs 36.75,
Total Receipts $25.094.56, $26.000.00
TRANSFERS IN FROM OTHER FUNDS:
From General Fund
DISBURSENTS:
j 5.000.00
Labor $ 7,762.02
Mileage 20.03
Snow Fence 330.00
Snow and Ice Removal 1,289.45
Grading and Cat Work 7,804.60
Grasa Cutting 345.00
Sodding 71.00
Gas and Oil 1,018.73
Gravel, Sand and Mix 8,185.67
Culverts 1,472.82
General Supplies 1,234.11
Street Signs 287.85
Repair and Maintenance of Equipment 1.333.58
Total Disbursements $31.154.86 *26.000.00
Village of Lino lakes
Anoka County, Minnesota
CONDENSED COMPARISON OF CASH RECEIPTS AND
ROAD AND BRIDGE FUND
For the Years Ended December 31,
Year
1967
DISBURSEMENTS - SCHEDULE B-6a
1 6ad
Cash Balance - Beginning of Year $(4,876.81)
Add:
Receipts:
Tax Settlements
Other Revenue
Total Receipts
Transfers In Frain Other Funds:
From General Fund
Total to Account For
Deduct:
pisbursements:,
Labor
Snow and Ice Removal
Road Maintenance
Equipment Maintenance
Gas and Oil
*Street Lighting
Miscellaneous
Capital Outlay
Total Disbursements
Cash Balance - End of Year
$25,057.81
36.75
125,094.56
1 5.000.00
$25,217.75
$ 7,762.02
1,289.45
19,731.05
1,333.58
1,018.73
20.03
IMO
Year
1966
$ 5,500.38
$24,666.32
375.20
$25,041.52
$ 4.000.00
$34,541.90
$ 5,796.65
955.00
24,741.32
1,012.62
777.43
Increase
(Decrease)
$(10,377.19)
$ 391.49
(338.45)
$ 53.04
$ 1.000.00,
$ (9,324.15)
$ 1,965.37
334.45
(5,010.27)
320.96
241.30
177.44 (157.41)
5.958.25 (5.950.25)
$31.154.86 139.418.71, 1 (8.263.85),
Allanall LiLaRa
* Not separated from Utilities in General Fund.
Village of Lino Lakes
Anoka County, Minnesota
SPECIAL DITCH ASSESSMENT FUND CASH RECEIPTS AND DISBURSEMENTS SCHEDULE 8-7,
For the Year Ended December 31, 1967
Man
Tax Settlements:
Tax Levy
DISBURSEMENTS
TRANSFERS OUT TO OTHER FUNDS
Debt Redemption Fund
$ 1.87
NONE
111570.57
DEBT REDEMPTION FUND CASH RECEIPTS AND DISBURSEMENTS
For the Year Ended December 31, 196?
Balance January 1, 1967
Receipts:
Tax Levy
Special Assessments
Total Receipts
Transfers In:
From Special Ditch Fund
Total to Account For
pisbursements:
Bonds Retired
Interest =Bonds
Total Disbursements
Transfers:
Closing Out Street ,1 Fund
Total Deductions
Balance - December 31, 1967
Total.
$ 5,361.75
$ 1,106.76
2,089.32
SCHEDULE 3-8
Improvement Bonds
Street J. Street #2 Park
$5,007.89 $ (127.38) $ 481.24
754..92
$ 1.570.57,
$10.128. /0
$ 2,500.00
272.p
$ 2.772.50
$ 500.00
10.00
$ 510.00
$ 1.570.57
2.7'TJ.59
$ 1,000.00
175.00,
} 1.175.00
$1,106.76
$1.'188.00
$1,000.00
87.50
$1.087.50,
$ - $5.252.81 3(5.252.81) $
$ 2.772.50, $5.762.81, $(4..077.81) $1.087.50
$ 7.355.90, $ - $ ‘855.40 $ 500.50,
20
Village of Lino Lakes
Anoka County, Minnesota
ASSESSED VALUATIONS. TAX LEVIES AND TAX RATES
Year Assessed:
Tear Collectible:
ASSESSED VALUATIONS:
Real Estate
Personal Property
*Elempt Personal Property
Totals
TAX LEVIES BT COUNTY AUDITOR:
Revenue
Road and Bridge
Park Bond and Interest
Fire Protection
Parks and Playgrounds
Civil Defense
Gopher Control
Totals
TAX LEVIES IN MILLS:
Revenue
Road and Bridge
Park Bond and Interest
Fire Protection
Parks and Playgrounds
Civil Defense
Gopher Control
Totals
1967
1968
1966
1967
SC DULE 1
1965
1966
$777,050.00 $751,021.00 $654,294.00
129,551.00 135,975.00 117,382.00
29.136.00
$935.737.09
$ 10,460.00
20,000.00
1,150.00
3,815.00
6,075.00
700.00
300.00
$ 42.500.09
$886.996.00
$ 7,345.00
25,700.00
1,150.00
3,625.00
5,515.00
400.00
300.00
$ 44.035.00
MIR
$772.306.00
$ 4,060.00
25,000.00
1,200.00
_3,220..00
4,500.00
300.00
300.00
$ 38.580.00
$ 11.18 $ 8.29 $ 5.26
21.38 28.98 32.37
1.22 1.29 1.55
4.08 4.08 4.17
6.49 6.22 5.83
.74 .45 .38
.32 .33 .38
45.41 1 49.64 $ 49.94
* Lose of revenue frog exempt personal property will be paid to the Village
by the State out of sales tau revenue and will be included in the tax
settlements from the County.
21
Village of Lino Lakes
Anoka County, Minnesota
INSURANCE AND BONDS IN FORCE
December $1, t967
Company Policy No. Term Expires
Auto - Owners Insurance Company 127258 3 Years 1/13/70
Iowa National Mutual
Auto - Owners Insurance Company
Auto - Owners Insurance Company
Great Central Insurance Co.
114199 3 Years 1/13/70
602306- 1 Year 6/14/68
08074942
SP920568 1 Year 3/7/68
C38004 1 Year 3 /31/68
Western Surety Compairy 9495 2 Years 1/11/68
Western Surety Company 220F9497 1 Year 3/1/68
* Maryland Casualty Company 933900
Maryland Casualty Company 932893 2 Years 1/1/68
* Maryland Casualty Company 769506
Western Surety Company 5124826 1 Year 3 /1/68
Western Surety Company 12410 7 Years 3/27/74
* Bond not available for our inspection.
-22
Amount
$ 5,000.00
10,000.00
5,000.00
4,456.00
80.00
1,000.00
$ 25,536.00
$ 10,000.00
100/300M
lo/25M
100 /300M
10M
A.C.V.
A.C.V.
$ 4,650.75
SCHEDULE 2
Coverage Premium
Fire and Extended Coverage:
Dwelling - Sunrise Park
Storage Building - Sunrise Park
Recreation Room & Warming House -- Sunrise Park
Contents at Village Hall
Contents at 241 Elm Street
Warming House - Lino Lakes Park
Total
Village Hall - Liability Form Endorsement
Comprehensive Commercial Policy:
Municipality - Bodily Injury Liability
- Property Damage Liability
Fleet Auto - Bodily Injury Liability
- Property Damage Liability
- Comprehensive
- Collision -- $100 Deductible
Scheduled Property Floater
Statutory Workmen's Compensation
$ 30,000.00
2,000.00
500.00
500.00
2,000.00
1,000.00
2,000.00
Official Bonds:
Norman G. Miller
June L. Emerton
Robert Raymond
C. Elwood West
Albert J. Dupre
Mrs. Richard Sarner
Norman G. Miller
- Clerk-Treasurer
- Deputy Clerk
- Constable
- Constable
- Building Inspector
- Assessor
- Notary
$ 157.00
$ 30.00
$ 753.27
$ 70.00
$ 472.00
$ 246.50
10.00
19.00
10.00
10.00
7.00