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CITY OF ST. ANTHONY
<br /> ENTERPRISE FUNDS THE CITY HAS AUTHORIZED SPRINGSTED INCORPORATED TO NEGOTIATE THIS ISSUE
<br /> COMBINING STATEMENT OF OPERATIONS AND CHANGES IN RETAINED EARNINGS ON ITS BEHALF. PROPOSALS WILL BE RECEIVED ON THE FOLLOWING BASIS:
<br /> FOR THE YEARS ENDED DECEMBER 31, 1999 AND 1998
<br /> Totals TERMS OF PROPOSAL
<br /> Liquor Utility ---------__-________
<br /> Fund Fund 1999 1998
<br /> Operating Revenues $1,500,000
<br /> Sales and Cost of Sales CITY OF ST. ANTHONY, MINNESOTA
<br /> Sales $4,662,867 $4,662,867 $4,180,692 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2002A
<br /> Cost of Sales 3,417,747 3,417,747 3,031 ,420
<br /> -
<br /> Gross Profit 1 ,245,120 1 ,245,120 1 ,149,272 (BOOK ENTRY ONLY)
<br /> Charges for Services $1 ,123,893 1 ,123,893 1 ,026,017
<br /> - ---------- ____________ Proposals for the Bonds will be received on Tuesday, March 12, 2002, until 10:00 A.M., Central
<br /> Total Operating Revenues 1 ,245,120 1 ,123,893 2,369,013 2,175,289 Time, at the offices of Springsted Incorporated, 85 East Seventh Place, Suite
<br />100, Saint Paul,
<br /> -------- ------------ ------------ ---------
<br /> --- Minnesota, after which time they will be opened and tabulated. Consideration for award of the
<br /> Bonds will be by the City Council at 7:00.M., Central Time, of the same day.
<br /> Operating Expenses
<br /> Personal Services 558,424 282,607 841 ,031 835,006 SUBMISSION OF PROPOSALS
<br /> Supplies 35,971 26,767 62,738 55,563
<br /> Contracted Services 240,380 256,422 496,802 426,920 Proposals may be submitted in a sealed envelope or by fax (651) 223-3046 to Springsted.
<br /> Filtration and Other Charges 76,800 76,800 76,800 Signed Proposals, without final price or coupons, may be submitted to Springsted prior to the
<br /> Treatment Charges 433,037 433,037 489,928 time of sale. The bidder shall be responsible for submitting to Springsted the final Proposal
<br /> Depreciation 91 ,081 97,744 188,825 184,145 price and coupons, by telephone (651) 223-3000 or fax (651) 223-3046 for inclusion in the
<br /> Other Charges 106,141 106,141 45,159 submitted Proposal. Springsted will assume no liability for the inability of the bidder to reach
<br /> ____________ - ____---__ __-_____-_ Springsted prior to the time of sale specified above. All bidders are advised that each Proposal
<br /> Total Operating Expenses 1 ,031 ,997 1 ,173,377 2,205,374 2,113,521 shall be deemed to constitute a contract between the bidder and the City to
<br />purchase the Bonds
<br /> ---------- -----"----- ------------ ------------ regardless of the manner of the Proposal submitted.
<br /> Operating Income (Loss) 213,123 (49,484) 163,639 61 ,768
<br /> ----------- --------- --------- ---------
<br /> -- DETAILS OF THE BONDS
<br /> Nonoperating Revenues (Expenses) The Bonds will be dated March 1, 2002, as the date of original issue, and will bear interest
<br /> Reimbursements 177,975 177,975 110,666 payable on August 1 and February 1 of each year, commencing February 1, 2003. Interest will
<br /> Commissions, Rental and Other 37,396 23,805 61 ,201 50,263 be computed on the basis of a 360-day year of twelve 30-day months.
<br /> Investment Income 8,952 (57,698) (48,746) 356,661
<br /> Interest and Amortization (52,529) (52,529) (57,945) The Bonds will mature February 1 in the years and amounts as follows:
<br /> Loss on Disposal of Equipment (1,717) (1 ,717)
<br /> 2004 $95,000 2009 $ 90,000 2014 $105,000
<br /> Total Nonoperating Revenues (7,898) 144,082 136,184 459,645 2005 $85,000 2010 $ 95,000 2015 $110,000
<br /> ___---- -- __-__-____ 2006 $85,000 2011 $ 95,000 2016 $115,000
<br /> 2007 $90,000 2012 $100,000 2017 $120,000
<br /> Income Before Transfers 205,225 94,598 299,823 521 ,413 2008 $90,000 2013 $105,000 2018 $120,000
<br /> Transfers to Other Funds (65,000.) (65,000) (161,676) Proposals for the Bonds may contain a maturity schedule providing for a combination of serial
<br /> ____________ _______--- ___--__-_ ____-______ bonds and term bonds, provided that no serial bond may mature on or after the first mandatory
<br /> Net Income (Loss) After Transfers 140,225 94,598 234,823 359,737 sinking fund redemption date of any term bond. All term bonds shall be subject to mandatory
<br /> sinking fund redemption and must conform to the maturity schedule set forth above at a price of
<br /> Retained Earnings Beginning of Year 916,686 5,968,064 6,884,750 6,456,839 par plus accrued interest to the date of redemption. In order to designate term
<br />bonds, the
<br /> proposal must specify "Last Year of Serial Maturities" and "Years of Term Maturities" in the
<br /> Redistribution of Depreciation spaces provided on the Proposal Form.
<br /> to Contributed Capital 65,674 65,674 68, 174
<br /> Retained Earnings End of Year $1 ,056,911 $6,128,336 $7,185,247 $6,884,750
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