HomeMy WebLinkAboutAudit Report 12/31/1963HOMER A. BONHIVER, C.P.A.
DONALD ANFINSON. C.P.A.
BONHIVER AND ANFINSON
CERTIFIED PUBLIC ACCOUNTANTS
10601 OLSON MEMORIAL DRIVE
MINNEAPOLIS 27. MINNESOTA
LIBERTY 5 -0423
MEMBERS OF
AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
MINNESOTA SOCIETY OF
CERTIFIED PUBLIC ACCOUNTANTS
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
REPORT ON EXAMINATION
FOR THE
CALENDAR YEAR 1963
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
CALENDAR YEAR 1963
INDEX
Page
Village Council and Administrative Officials
Scope of Audit and Accountants' Opinion
Statements of Cash Receipts and Disbursements:
A - Summary - Ali Funds 3
B-1 - General Fund 4 . 7
B -2 - Fire Protection Fund 8
B -3 - Civil Defense Fund 8
B-4 - Gopher Control Fund 8
B-5 - Parks and Playgrounds Fund 9
B -6 - Road and Bridge Fund 10
B-7 - Special Ditch Assessment Fund 11
B-8 - Debt Redemption Fund 11
Comments and Data Presented for Information and Analysis Purposes: 12
Comments and Recommendations 13 • 15
Exhibits -
No, 1 - Requirements for Debt Redemption - 16
Street Improvement Bonds
No. 2 - Bond Principal, Interest and Tax Levy - 17
Park Improvement Bonds
No, 3 - High and Low Bank Statement Balances 18
L
L
L
L
L
L
L
L
L
L
L
L
L
L
L
L
L
L
VILLAGE OF LINO LAKES
ANOKA COUNTY)_ MINNESOTA
VILLAGE COUNCIL AND ADMINISTRATIVE OFFICIALS
AS OF DECEMBER 31 1963
Arnold Belling
Jerome Hauer
H. C, Heckenlaible
Howard Speiser
Roy Bscklin
Mayor
Clerk
Trustee
Trustee
Trustee
p Rehbein Treasurer
Babcock and Locher
Attorneys
Milner W. Carley and Associates Engineers
Ronald Bausladen Justice of Peace
V. Swanson Justice of Peace
To the Village Council and Residents
Village of Lino Lakes
Anoka County, Minnesota
We have examined the statements of cash receipts and disbursements of the funds
listed below of the Village of Lino Lakes, Minnesota for the fiscal year ended
December 31, 1963:
General Fund
Fire Protection Fund
Civil Defense Fund
Gopher Control Fund
Parks and Playgrounds Fund
Road and Bridge Fund
Special Ditch Assessment Fund
Debt Redemption Fund
Our eeamination, a limited cash audit, was made in accordance with generally
accepted auditing standards, and accordingly included such tests of the ac-
countng records and such other auditing procedures as we considered necessary
in the circumstances.
The report on our examination of the funds is presented in Statements A
through B-80 In addition, we have included a section for information and
analysis purposes. It i3 comprised of comments and recommendations and
exhibits. The exhibits were compiled from various data and records and were
not subjected to the same procedures employed in examining the basic financial.
statements, They are therefore not covered by our opinion.
In our opinions the accompanying statemPnts of cash receipts and diliburse
ments present fairly the cash transactions of the Village of Lino Lakes,
Anoka County, Minaeaota for the year ended December 31, 1963,
Minneapolis, Minnesota.
May 7, 1964
cL
Certified Public Accountants
= 2 -
Statement A
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
SUMMARY OF CASH RECEIPTS, DISBURSEMENTS AND FUND BALANCES - ALL FUNDS
FOR THE YEAR ENDED DECEMBER 31 1963
Funds
General
Fire Protection
Civil Defense
Gopher Control
Parks and Playgrounds
Roads and Bridges
Special Ditch Assess-
ment (1)
Debt Redemption (2)
Totals
Beginning Transfers
Balance 1963 1963 In
1-1-63 Receipts Disbursements (Out)
$4,251.05 $15,447046 $12,054.16 $(5,250.00)
1,224,49
838010
554010
432015
3,278 52
388.92
420,08
9,143009
3,012022
92081
527,,00
9,810014
(3,224038) 22,351009 25,328.22
528093
3,578.25 96938
580000
$8,182069 ,$51,998.54 $51404.55
1,750000
6,500000
Ending
Balance
12-31 ®63
$2,394035
1,490,79
1,134021
447.18
1,515.10
298.49
528.93
(3,000000) — 967.63
$ -0- $8,776.68
NOTE 1 On October 10, 1959 the Village of Lino Lakes was assessed $3,500000 for
its share of the cost of Judicial Ditch Mo. 3. The amount was disputed
and has not been settled to date. However, the village levied for the
anticipated liability and has received the following tax receipts through
December 31, 1963:
Year
Received
1961
1962
1963
Fund Credited
Special Ditch Assessment
Road and Bridge Fund
Road and Bridge Fund
Total Tax Receipts
Amount
$ 528.93
549,35
326030
$ 1,404.58
NOTE 2 The transfer of $3,000000 from the Debt Redemption Fund to the Road
and Bridge Fund is a temporary transfer. (See comment No. 8)
Statement B -1
VILLAGE OF IJN0 LAUDS
AMU COUNTY, ETA
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS - SAL FUND
FOR THE YEAR ENDED DECEMBER 31i 1963
Actual
RECEIP'T'S
Budget Over (Under)
Amount
ce oat
General Property Taxes:
Current $ 4,520.12 $ 3,875 $ 645
Licenses and Permits:
Liquor license $ 100.00 -0- 100
Beer license 1,095.01 630 465
Cigarettes 57.00 120 (63)
Dance license -0- 100 (100)
Building permits 581.50 300 281
Special e use 48.00 75 (2?)
Total Licenses and Permits 2,096.51
Fines:
Justice court (Net after costs) 489.00 30 459
Revenue from Other Agencies:
Liquor Apportionment $ 2,721+.93 2,500 225
Cigarette Apportionment 4,518.26 4,000 518
Mortgage registration -0- 100 (100)
Mobile homes 711.11 450 261
Total Revenue from other Agencies 7,954.30
Charges for Current Services:
Rezoning fees $ 1.25 25 (2+)
Miscellaneous - sale of code books 4.50 50 (5)
Rental income 160.00 -0- 360
Total Charges for Current Services 365.75
Other Revenue:
Miscellaneous receipts
TOTAL CASH RECEIPTS - GENERAL FUND
21.78 —0-
$ 15,447.46 $ 12,295
22
$ 3,152
Statement 8-1 Continued
Actual
Budget Over (Under)
Amount Hadgot
(cents omitted)
Mayor and Council:
Salaries $ 1,250.00 $ 1,250 $ - 0 -
Labor 221.71 0 -: 222
Telephone & postage - 0 - 10 (10)
Printing • 16,80 50 (33)
Heat 35.00 - 0 - 35
Council supplies 16;10 10 6
Miscellaneous supplies 272485 - 0 - 273
Rant 545.25 350 195
Insurance 637,00 500 137
Memberships and dues 125.00 150 (25)
Equipment 50.00 - 0 - 50
Total Mayor and Council. $ 3,169.71
Justice Courts
Supplies $ 3.58
Insurance and bond 10.00
Total Justice Court. 13.58
165.20
Election and Voter's Registration:
Salaries - judges and clerks $ 112.20
Printing and publishing 53,00
Total Election and Voters Registration
100
30
(96)
(20)
250 (138)
50 3
Clerk:
Salaries $ 600,00 600 - 0 -
Telephone & postage - 0 - 35 (31)
Office supplies 65,08 200 (135)
Insurance and bonds 18,50 10 8
Miscellaneous - 0 - 200 (200)
Total Clerk 683.58
Treasurer:
Salary
Insurance and bond
Supplies
Miscellaneous
Total Treasurer
and bond
Total Assessor
300.00 300 - 0
90¢00 140 (50)
- 0 - 25 ' (25)
-0_". 10 (10)
390.00
$ 1,000.00 1,000 - 0 -
17.00 35 (18)
1,017.00
Statement B -1 Continued
DISBURSEMENTS - Continued
Budget Over (Under)
Amount Budget
Actual (cents omitted)
Independent Accounting and Auditing:
Services $ 550.00 $ 450 $ 100
Legal:
Services
Printing and publishing
Total Legal
$ 1,281.17
189.75
1,470.91
1,400 (119)
400 (2x.0)
Planning and Zoning:
Engineering service $ 250.00 875 (625)
Travel expense 15.37 25 (10)
Telephone and postage - 0 - 5 (5)
Membership and dues - 0 - 25 (25)
Miscellaneous 19.30 100 (81)
District # 2 - 0 - 300 (300)
Total Planning and Zoning 284.67
Police:
Salaries
Telephone & postage
Travel
Maintenance and repairs - equip.
Prison service
Motor fuel and lubricants
Maintenance and repairs
Clothing allowance
General supplies
Insurance and bond
Machinery and automotive equip.
Total Police
958.96 1,000 (41)
1.97 25 (23)
309.00 350 (41)
35.40 100 (65)
- 0 - 15 (15)
25.75 - 0 - 26
72.00 - 0 - 72
110.00 50 60
40.99 150 (109)
18.50 75 (57)
1,258.77 - 0 - 1,259
2,831.34
Protective Inspection:
Building inspector salary $ 390.61 200 191
Travel 4.88 25 (20)
Printing - 0 - 25 (25)
Insurance and bonds - 0 - 10 (10)
Supplies 2.29 10 (8)
Total Protective Inspection 397.78
Weed Inspection:
Salaries $ 481.85 350 132
Other contractual service 161.80 600 (438)
Travel 37.66 100 (62)
Repairs 7.50 - 0 - 7
Motor fuel and lubricants 10.00 - 0 - 7
Supplies 50.75 150 (99)
Equipment 29.95 - 0 - 30
Insurance and bond 10.00 25 (15)
Total Weed Inspection 789.51
-6
Statement BG.i Continued
DISBURSEMENTS - Continued
Actua
Animal Control:
Budgeted Over (Under)
Amount Budget
(cents omitted)
Other contractual services -
dog catcher $ 279075 $ 425 $ (145)
Supplies 11,13 25 (14)
Total Animal Control $ 290088
Total General Fund Cash Disbursements $ 12,054,16 $ 1,2,12a $
Transfer Outs:
Road and bridges funs $ 3,500,00
Parks and playground fund 1,750000
Total Transfer Outs
Total Disbursements and Transfers
5,250,00
$ 17,304.16
statement 6-2
ANNA COUNTY, MINNESOTA
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS - FIRE PROTECTION PUND
FOR THE YEAR ENDED DECEMBER 31 1963
Receipts:
General Property Taxes
Disbursements:
Fire marshall salary
Travel
Other contractual service
Printing
Clothing allowance
Furniture and equipment
Actual
$ 3,278.52
$ 120.00
27.67
- fire control 2,800.00
4.55
60.00
Total Disbursement Fire
Protection Fund
OF CASH RECE
- 0-
$ 3,012.22
Budget Over (under)
Amount Budget
(cents ositte
f 3,320, 41
$ 150
75
3,000
20
-0-
75
(30)
(48)
(200)
(15)
60
(75)
3,320 $ (308)
Statement B -3
CIVIL DEFENSE FUND
Receipts:
General Property Taxes
Disbursements:
Telephone and postage
Office supplies
General supplies
Miscellaneous
Membership and dues
Furniture and equipment
Total Disbursement - Civil
Defense Fund
388.92
- 0-
92.81
- 0-
- 0
- 0-
$ 92.81
20 $ (20)
120 (120)
125 (32)
70 (70)
15 (15)
50 _____1292
400 $• (307)
Statement B-4
STATEMENT OF CASH RECEIPTS AND DISBURSEMENT - GOPHER CONXROL FUND
Receipts:
General Property Taxes
Disbursements:
42008
Other contractual service - Gopher
bounties $ 527.00
$ 425 $ (5)
$ 425 $.. 102
L
L
L
L
L
L
L
L
L
L
L
L
L
STATE SENT OF CASH RECE
VILLAGE OF LINO TARES
ANOKA COUNTY, MINNESOTA
S AID DISBURSEMENTS PAR
Statement B-5
P
S
Receipts:
General
Sale of
Accrued
F
ED D
96
Property taxes
bonds
interest on bonds
Actual
$ 4,098.71
5,025.00
19.38
Total Cash Receipts m Parks and
Playgrounds fund $ 9,143.09
1,750.00
Transfers In - General Fund
Total Cash Receipts and Transfers
in - Parks & Playgrounds fund $ 10,893.09
Disbursement
Building improvements and
maintenance
Engineer's service
Other contractual service
Power purchases
Printing
Equipment maintenance
General supplies
Land and survey s. Lakeview Park
Total Cash Disbursements - Parks
and Playgrounds fund
$ 2,590.09
517.00
4,824.49
62.22
22.00
1,25
180.29
1,612.80
Budget
Amount
(c
Over (under)
Budget
is omitted)
$ 4,250
0
$ (151)
5,025
19
4,250 $ 4,893 •
400 $ 2,190
0 m 517
450 4,375
100 (38)
- 0 - 22
- �
300 (120)
3,000 (1 387)
9,810.14 $ 4250 5 560
L
L
L
L
L
L
L
L
L
L
L
l
L
L
L
L
L
L
L
VILLAGE OF LINO LAKES
ARM COUNTY, MINNESOTA
STATEMENT OF CASH RECEIPTS AND DISBUE.S'Ei+R NCS -
Actual
Statement B-6
Receipts:
General Property Taxes
Reimbursement for street damaged by
utility installation
Bid deposit
Miscellaneous - resale of chemicals
Total Cash Receipts m Road and
Bridge fund
Transfers In - General Fund
Debt Redemption Fund
Total Cash Receipts and Transfers
Road and Bridge Fund
Disbursements:
Salaries v full and part time
Engineer's service
Printing
Other contractual services
Maintenance and repairs of streets
and alleys - commodities
General supplies
Bid deposit refunds
Total Street and Alley
Snow and Ice Removal:
Salaries
Other contractual service
Miscellaneous - Snow fence erection
& removal
Total Snow and Ice Removal
Equipment Maintenance Shop:
Salaries
Printing
Maintenance and repair p contracted
Maintenance and repair - equipment
commodities
Tools
Motor fuel and lubricants
General supplies
Garage rent
Machinery and automotive equipment
Bid deposit refund
Insurance and bonds
Traffic signs, etc.
Miscellaneous
Total Equipment Maintenance
Street Lighting:
Power purchases
Total Disbursezments
in
$ 1,192,41
1,015,00
85.15
11,904.95
3,548.61
10.15
495.00
$ 435.39
1,705.60
90.16
$ 67.07
- 0
11.20
345.14
63.26
422.78
102.80
120.00
1,865.11
1,000,00
0
0
• 0
shop
Budget Over (under)
Amount Budget
(cents omitted)
$ 20,048.50 $ 19,905
647.49
1,595.00
60,10 100
$ 22.551.09- $ 20,005
.$ 3,500.00 ___-
3,000.00
$ 28,851.09
$ 18,251.27
2,231.15
3,997.36
144
647
• 1,595
(40)
$ 2,346
$ 2,000 $ (808)
500 515
• 0 - 86
6,500 5,405
4,000 (451)
1,000 (990)
• 0 - 495
1,000
2,000
100
130
200
600
• 0..
400
100
• 0 -
. 500.
- 0
300
200
25
450
10 $ 25,328.22 $ 20,005
(565)
(294)
(10)
(30)
(189)
(255)
63
23
120
1,365
1,000
(300)
(200)
(25)
398
$ 5,323
L
Statement B -7
VILLAGE OF LINO LAKES
ANOKA COUNTY. MINNESOTA
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS - SPECIAL DITCH ASSESSMENT FUND
FOR THE YEAR ENDED DECEMBER 31, 1963
Actual
Budget Over (under)
Amount Budget
(cents omitted)
Receipts:
General Property Taxes $ a 0 $ 560 $ (560)
Disbursements:
Principal and interest $ _ 0 w $ 560 $ (560)
Statement B-8
STATEMENT OF CASH RECEIPTS AND DISBURSEMENTS - DEBT REDEMPTION FUND
Receipts:
Property Taxes
Disbursements (Street Improvement No, 1)
Principal repayment
Interest
Total Disbursements
Transfers Out:
Total Disbursements and Transfers
969.38
$ m0- $ 969
$ 500,00 $ 0 $ 500
80,00 0 . 80
$ 580.00 $ - 0 a $ 580
3,000,00
Out $ 3,580,00
COMENTS AND DATA
PRESENTED FOR INFORMATION AND ANALYSTS
(Nat subjected to complete audit procedures)
L
L
L
L
L
L
L
L
L
L
L
L
L
L
1
L
L
L
L
L
comtattiTS AND
L1 Based on observations made during the course of the audit, we submit the following
comments and recommendations:
1. During the year under review there were occasions when the amounts on
deposit exceeded the Moral Deposit Insurance coverage, Sec. 118.01 L S.A.
states that "... at no time shall the treasurer maintain a deposit in any
depository against collateral in excess of ninety percent (90x) of the market
value thereof..." and that "... such collateral shall not be redeposited
in the bank or trust company furnishing the same ". See pchibit "3 ", for an
analysis of the high and low amounts on deposit.
2. Expenditures were made from the Road and Bridge Fund and the Parks and
Playgrounds Fund while these funds had deficit balances, Since a check can-
not properly be issued against any fund which has a deficit balance, a transfer
of a sufficient amount should have been made by proper, council action to
eliminate the deficit balances.
3. Our analysis of Justice of the Peace receipts for fines imposed
indicated that the village is receiving net amounts. Gross amounts should
always be remitted to the village and checks issued for costs.
4. We were unable to reconcile monies received from the sale of licenses
to bank deposits due to the lack of information on the receipts and the
time that elapsed before making the deposit, A recommendation to aid in
correcting this and to avoid additional audit procedures is to include the
license number on the receipt.
5. Deposits were not made promptly due to the procedure followed whereby
the clerk accumulates receipts, turns it over to the treasurer who makes
the deposit. Cash should not be allowed to accumulate. We urge that
deposits be made without delay unless minor amounts are involved.
6. The ^pecial Ditch Assessment Fund was originally established in 1961
to record receipts from the levy for the Judicial Ditch #3 liability. For
clearer accounting, the funds received for this project should be maintained
in this fund until settlement of the dispute. We recommend a transfer of
the 1962 and 1963 levy receipts of $873,65 from the Road and Bridge Fund to
the Special Ditch Assessment Fund. The transfer will place all tax receipts
in the fund set up for this purpose. See Note 1, Statement A.
7. The treasurers and the clerk's fund balances should be adjusted to
agree -with the audit report balances as of December 31, 1963. It appears
that the village records were not adjusted December 31, 1962 and this
accounts for most of the adjustment. The necessary adjustments at December
31,1963 are as follows.
Audit Repast Treasurer's & Increase or
Fund Balance Clerks Bal. ,(Decrease L__
General Fund
Civil Defense Fend
Road and Bridge Fund
Special Ditch Assessments
Totals
$ 2,394.35
1,134.21
298.49
528.93
4. 4,355.98
13
$ 3,100.76 $ (706.41)
1,200.16 (65.95)
91.11 207.38
0 0 528.93
$ 4,392.03 $ (36.05)
COMMENTS MW RECOMMENDATIONS - continued
ustments
A. Civil Defense Fund and Special Ditch Assessments are for
prior years.
B. General Fund reconciliation
Difference 1 -1 -63 $ (414.83)
Less: General Fund expense charged
to Road & Bridge Fund 252.83
Bank service charges not recorded 13.00
Deposit adjustments 13.75
Disbursement adjustments 12.00
Adjustment 12 -31 -63 $ (706.41)
CQ Road and Bridge Fund reconciliation
Difference 1 -1 -63 $ (70.45)
Add: General Fund Expenses
charged to Road & Bridge Fund 252.83
Amount clerk's control account exceeds
the breakdown in Road & Bridge Fund (disbursement) 25.00
Adjustment 12 -31 -63 $ 207.38
8. The build -up in the Debt Redemption Fund #1 appears to be the result
of the payment of the improvement costs in excess of the bond proceeds out
of the Road and Bridge Fund while all taxes assessed have been credited to
the Debt Redemption Fund. The basis would seem to be as follows:
Total cost and expense incurred $ 9,258.18
Less: Village share of improvement $1,500.00
Bond sold 5000.00 6,500.00
Difference $ 2,758.18
Total special assessment on above - $ 8,257.68
The difference of $2,758.18 apparently was paid out of the Road &
Bridge fund and it is, to the best of legal council's independent recol-
lection a "loan" to be reimbursed from the receipts of the special
assessment. Based on the above information and legal council recollection,
we recomment that the $3,000.00 temporary transfer be returned and, if
legally possible at this point, a permanent transfer be made to the Road
and Bridge fund to compensate that fund for amounts paid in excess of its
share. However, the transfer should not exceed that amount which would
have been received to retire the bonds in accordance with legal requirements.
Any balance that msy presently be in excess, or be expected to exist when the
bends are completely retired may not be transferred from the fund until the
bonds are fully retired.
-14-
COMMENTS AND RECOMMENDATIONS - continued
An additional reason for the build-up in this fund is the 1957, interest
and principal requirements of $800.00. paid out of the Road and Bridge fund.
The council should authorize a transfer to reitburse this fund for the $800.00.
The records were not complete or in a condition to begin the audit
function. As a result it was necessary to perform certain routine book -
keeping duties such as totalling and balancing the clerks records,
reconciling the records to bank balances (apparently not done during the
year) and inserting account names, etc. This added to the time required -
by us and required extension of auditing procedures to fully satisfy our-
selves of the reliability of the records.. We urge that more consideration
and time be devoted to maintain the basic and necessary accounting records.
Exhibit 1
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
REQUIREMENT FOR DEBT REDEMPTION, PRINCIPAL AND INTEREST
Street Improvement Bonds (Special Assessment Bonds)
Street Improvement #1 Street Improvement #2
$5,000.00 4% Interest $6,000.00 3 1/4% Interest
Dated 7 -1 -1956 Dated 12 -1 -1963 Total
Principal Interest due Interest due
Principal 1 -1 7 -1 Principal 6 -1 12 -1
1964 $ 500.00 $ 60.00 $ 210.00 $ 770.00
1965 500.00 40.00 210.00 750.00
1966 500.00 20.00 $ 1,000.00 210.00 1,730.00
1967 1,000.00 175.00 1,175.00
1968 1,000.00 140.00 1,140.00
1969 1,000.00 105.00 1,105.00
1970 1,000.00 70.00 1,070.00
1971 1,000.00 35.00 1,035.00
$ 1,500.00 $ 120.00 $ 6'000.00 $ 1,155.00 $ 8,775.00
Street :. mprovement #1
Payable at First State Bank, New Brighton, Minnesota, Plus service charges.
Bonds due after January 1, 1964, will be subject to redemption in inverse
numerical order on January 1, 1959, and any interest payment date thereafter at
par, accrued interest and a premium of $20.00 for each bond redeemed.
Street Improvement #2
Payable at the First State Bank, New Brighton, Minnesota, plus service charges.
All bonds maturing after December 1, 1966, will be subject to redemption and
prior payment in inverse numerical order on December 1, 1966, and any interest
payments date thereafter, at par, accrued interest, and a premium of $20.00 for
each bond redeemed.
The proceeds from the sale of these bonds were received January 14, 1964,
- 16 -
1 -1 -64
7 -1 -64
1 -1 -65
7 -165
1 -1 -66
7 -1 -66
1 -1 -67
7 -1 -67
1 -1 -68
7 -1 -68
1 -1 -69
Exhibit 2
VILLAGE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
Bond Principal, Interest and Tax Levy
Park Improvement Bonds - Dated April 1, 1963
$5,000.00 - 3 1/2 x Interest
Principal Interest Total Levy
$ 131.25 $ 131.25
87.50 87.50
$ 1,000.00 87.50 1,087.50
70.00 70.00
1,000.00 70.00 1,070.00
52.50 52.50
1,000.00 52.50 1,052.50
35.00 35.00
1,000.00 35.00 1,035.00
17.50 17.50
1,000.00 17,50 1,017.50
$ 5,000.00 $ 656.25 $ 5,656.25
$ 1,375.00
1,200.00
1,200.00
1,150.00
1,150.00
$ 6,075.00
Payable at First State Bank of Coon Rapids, Coon Rapids, Minnesota plus service
charges.
* Levied in Calendar year shown; collectible in following year.
- 17 -
V LL&GE OF LINO LAKES
ANOKA COUNTY, MINNESOTA
Analysis of High & Low Bank Balances
For the Year 1963
Exhibit 3
High Low
January $ 14,607.26 $ 8,023.69
February 8,185.19 6,087.65
March 8,698.33 5,200.91
April 11,793.29 6,260.88
May 9,187.55 7,923.92
June 9,020.48 4,521.71
July 24,899.42 7,352.21
August 18,852.59 16,158.70
September 16,441.45 13,250.90
October 14,010.86 10,848.88
November 14,010.86 11,000.85
December 15,262.34 1,928.25
- 18