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4-10-89 agenda-~/6 CITY OF RICHFIELD, MINNESOTA Council Letter No. 89 Agenda April 10 , 1989 Issue Statement: Application for a Temporary New and Used Motor Vehicle Dealer Licenses for Richfield Mitsubishi, 920 West 78th Street Background: On April 7, 1989, the city received an application for 1989 new and used motor vehicle dealer licenses for Richfield Mitsubishi. The required license fee has been paid. The application has not been reviewed by the Public Safety Department or Community Development Department because it was not received until Friday, April 7, 1989. The customary background and administrative process requires at least seven working days. The applicant apparently has spent a considerable amount of money under the assumption that they would be able to obtain the license in a shorter period of time, thus allowing them to open as planned (4/8/89). Since the applicant did not apply within time constraints for this meeting (4/10/89), they are requesting that the Council grant them a temporary license. Staff had advised them originally that they would not be scheduled until the April 24, 1989 Council Meeting. This was done on April 6, 1989, the first time the applicant was in contact with Public Safety. The applicant has obtained a Temporary State of Minnesota Motor Vehicle Dealer's License for 1989. Recommendation: Approve a temporary 30 day new and used motor vehicle dealer licenses for a Mitsubishi dealership at 920 West 78th Street with the following stipulations: - There may not be any parking of inventory cars on any roadway or street. - The customer and employee parking areas may not be used for inventory parking at any time. This could be accomplished by rearranging the parking lot so that it is in conformance with the special use permit. This must be completed prior to issuance of the regular license. - The applicant cannot use the car wash site located at 901 W. 77 1/2 Street for any purpose. - The applicant will comply with all city ordinances, including sign ordinances, and state statues. - The applicantt sign a stipulation with the understanding that the granting of a temporary. license is not an indication that an annual license will be issued. V`"/d ~/ - The temporaryy license may be recalled at any time at the direction of the City Manager. Basis of Recommendation: 1. The applicant has not complied with all of the provisions of the city application process. 2. The applicant is willing to explain the reasons for not submitting an application in a timely manner. Alternatives• 1. The council could decide not to grant the temporary license. This would result in the applicant not being able to operate a motor vehicle dealership in Richfield at this time. Decision/Discussion Mode: This request has been listed on the April 10, 1989 city council agenda for council consideration. Respect,.~j~lly submitted, James ~D. Prosser City Manager JDP/ej a - i 1 CITY OF RICHFIELD, MINNESOTA Agenda April 10, 1989 Council Letter No. 88 Issue Statement: Request for an offstreet parking permit at 1324 East 78th Street. Background: JAKS, of Richland Court Apartments has requested the granting of an offstreet parking permit at 1324 East 78th Street. The site is occupied by an existing 86 unit multifamily apartment complex which has only surface on-site parking at the present. The applicant has requested permission to construct 21 parking garages (10 feet x 21 feet 8 inches) for the residents along the west perimeter of the property. The garages would be constructed in one continuous row with a plywood fascia and brick veneer detailing. The property is zoned C-2, general commercial district. The proposed use is allowable in the C-2 district upon compliance with the procedural requirements for the MR-3 district. Recommended Motion: Approve the amendment to the offstreet parking permit with the stipulation that the curb cut on 14th Avenue South be widened to the required 26 foot width. Basis of Recommendation: 1. The proposal meets the required setback and maximum building height requirements for accessory structures. 2. Parking requirements have been met with 135 spaces. Only 129 spaces are required. 3. A landscape plan has been reviewed by staff and is found to be adequate. 4. Curb cut widths have been reviewed by staff, and found to be adequate, with the exception that the 14th Avenue South curb cut be widened to the required 26 feet. The City Engineer has reviewed the curb cuts for width and circulation concerns and has indicated that due to traffic flow in the area, the curb cut on the southeast corner of the property along the service drive may remain at the existing 20 feet. Alternative Recommendation: Deny the amendment on the basis that the curb cut width does not meet the minimum requirement of 26 feet. Discussion/Decision Mode: A public hearing is scheduled at 7:00 PM on Monday, April 10, 1989. The hearing will be held in the City Council Chambers of Richfield City Hall, 6700 Portland Avenue. Respectfu submitted, James Prosser City ager JDP:sae ~ - .~.. m P _ _ ~ C ~ m y T A A N - i i > s o v •~ - w s ? r s •~ 1~ n r n •. ~ n r r r y ti y H y N N xERxES AVE F.'-_------ '.• ---~ -= ~ ._-~ s =- :-,. ..: ,..~ VINCENT II^\~~ ~_-. r. 1` ~ ~ - _ ._`:. -~-~~[~~I^~~L~L_, LIPTON I;~-'-_...,:r=...~_-._ ._._.-'-•--=''~OL~C~ ~~.1 SNERIDAN ___~'' ., RUSSEII I1 ~f ~ .._ •-.-,~~•_•~~~pD lr JL QUEEN I ~''---lt`-- ~__~~~~]O~C PENN AVE. II ~I__~LU"~C_~L__ ~ ~~^~~J NEWTON I !~ MORGAN ~~~ ~l_JI I 'C~C~~~C~C~C IOGAN ~ f , JJJJ ,~~OC KNOx _ U~ ~~ R' JAMES ~~~ I! J -:'~L._.~I CSC IRVING ~ ^ ~ ~ ~ ~ _•_~ ~ ~' -''~-- = CSC NUMBOLDT _I~~- N GIRARD r ~:~ ~ ~C FREMONT ~, ~ 12TH AVE. S. ____ EMERSON ~~ ~ OUPONT PI II COLFAX I r I~, n BRYANT P AL DR ICN I~ 13TH I ~, , ~ LTNDALE 4VE. ~ \ GARFIELD (~~ // HARRIET I','///`-~ ~-1/~ GRAND III~` PLEASANT tll_ -_ 14TH AVE. S. ~` _.~I- ''~ .~. }:: I~ ~ L PILLSBURr I .. I I ~~-„ •.. WENT WOYTN I- ;I I; ! ;:~. BlAISOELL '' ::~~ ~ K L. ~L ' ~, NICOLLET 4VE. STEVENS ••' .MT-•t%•}A1's. • •• ~ I ^^'-~ -,~~ 2n0 :.•.•. ~.~:.:..~ _ 3rd ~~--~ ~~1 SIA ~~. ..: _~r ~I~J, r~~ PORTLAND AVE. •• , ;r'•.s•Y"•-~.~;~'.~:•.Y•.~ i -~ ~ i ~ -~ J OAKLAND Iii I }•~ ~::: ~ ~ ~ --. PARK , I :~";•^'~ }yr;« ~},•I", ^••••• 1f-~~ COLUMBUS I~ / ••~•• ~ =~ I-~' I~~;u~ CHICAGO ~~~~ •+~• .... .t• ,C~~~ ~i i ~~ ELUOT II I, •••• I _~C ~~ loin ~;I~ ~. lip {X =~•:~• ~--, -'~-~: t~. I~UC~ II to ~ ~~-~~ 12 to ~~--~'~~' :•:•:•: .~~I~-;_ ~ ~~C~C~C~C I~ ~~ IS In I • _J C~CJ~ ~-:~I~C~C~C~C~C 1 S 1 ~ ~--. BLOOMINGTON ~~"~~-J~-` ~I^ ," I~C~~~ 161 ~ i ~~_~ _ ~~~~~~~~OG~C IB1~ '~ ,li ~~_~~~'~~~C ~C~C~C CEDAR AVE. _ -_ ~_' _ _ - - _ _ _ _ _ _ 1 LONGFEIIOW __________Ih SZ____, ___ _____________ _L^-__~~ ____~Ir~r~j~r~~'4+~'I~ rn '> '> ' ~ o o - ~ I~~ IC~~Cr Z N y 1 N ti y y y y H I~ ~ ~~ m .., =n~ t'1 'T' ~ C r~ O 2~'r1 <r 8 ~v z. I > > I f N UI I N N H L 1 H n 0 N N 1 O 4 N = s ~~ni - ai XERXES AVE. -. -11 WASNBVRN _-~ VINCENT LIPTON ", THOMAS I SNERIDAN -~ RUSSELL j, QUEEN 3 T PENN AVE. II OLIVER 3O NEWTON 3JO MOROAN 3 - LDGAN If1I• KNOx J .__.il JAMES 0111 IRVING 1' NUMBOLDT I II GIRARD .__ I. FREMONT ~~\ ~~ EMERSON 1 ~ ;I DUPONT 11 II i' COI FAX IIII BRYANT 1il ~I. 4LDRICN ;I ~ LTNDALE 4VE. I ' J~ ICI GARFIELD J i I HARRIET 1 I GRAND li I III "~•"•"~"T~t' PLEASANT 1J1L.~ I I PILLSBURr ;~i~l WENTWORTN J~'1 I I I BIAISDEu ~I~ NICOLLET AVE. Isl ,STEVENS ' 2 n0 -, ~ 3rd CLINTON 14111 I, 3tll PORTLAND 4VE ' I I OAKLAND -. I PARK I' COLUMBUS II CHICAGO ElL10T II IDIe 77--~ 11 IA Jul IZ,K D IS IA 7 141A IS IX BLOOMINGTON 16 u ~~JJ I IT,4 IetA i~ CEDAR AVE. LONGFEIIOW J 19 to 201K J 21 sl 1 22 M J STANDISN 25 r4 A A W N O ~ N r 0 O Z 1324 E. 78th ST. ® C-2 GENERAL COMMERCIAL MR-1 TWO FAMILY RESIDENCE ZONING ~ RESIDENCE ~R MULTIPLE DWELLING E. 73R0 I ' ® MR-3 ~ - d- Q` 17 OR MORE UNITS'RESIDENCE~ 1324 E. 78th ST LAND USE DUPLEX ~~: SCHOOL QUASI-PUBLIC .~:~.~ PARK SINGLE FAMILY RESIDENCE VACANT ® COMMERCIAL APARTMENT ,,.; r: :, , ,. ~'. . ~~ y;,. '. ~11~ ~',, .'. •~f~~_ ~~. } :w ~ ?:.~~l ~~. .., ~, _~ 1324 E. 78th ST. COMPREHENSLVE DEVELOPMENT PLAN FREEWAY STRIP MEDIUM DENSITY/BUFFER INSTITUTIONAL :~ SINGLE '"~ ~; PARK FAMILY RESIDENTIAL ~~i 4 ~~~~~~ ~ ~, 4 N l • .. J'• J { 1l.•,}• {lJ • . • y • 1 : ~14 • ~: V.L L . 1'4 1• 1.~•.}• . { \ 1 '1 '4•••,V• • • A { ^• • ~.~•[. ,•'+-• k •, l{'• ~ '~~•~,1~•4'~f yet :••4: ti;{i•; •~. . 1~•A.• '~~h'{•.1. y1 •{.. ., + ~•. i ,,~ i~k,• tiff • 1 tiy1 M1, `''*•.•yy .ti± E. 78TH ST. H 00 J ~a w u.i ~. ~- N t,/) C'7 r W Q ~Q V W O a 'o ~- a ~..;;: 4k.; ~ - _ _., ___ _ I~nos 3 --- - -- ~ T M..Ob,ZlO N-~~--~- 1 1 • ~ I I I I I 1 Irl w~ ~~~a ~' W. li.l ~I ~~ ~i a W aZ - -- H1 b 1--- -- - - -- ~d _ ~ V W t C Gc i ^ N Z~ a~ J wa ~' W N (,~ M Q r ~ Q ~~7 1e ~' I i 2 i ,~ .~ a~ 0~. t~ ~~ .~ 0 I ~ ~ t ~ F ,~ < ~~ ~ , t ~. 3 a ~r ~~ - `:i~ ~ ~ - - ~ ~~ it c ~ ~~ i .~ ~~~~ ~~~~ '~ a~~ y~r~ f ~I ~ ~,~ 'j ~{ a ,I I~ ~I ~~ I~ . II r ~~ I~ ` r' .l± a -~-y! :~ 11 ~ ~ II ~~~~_ ;~ ~~~~ ' a ~ ~~ ~ ~~ ":`~• ~, ~ R I. ~ Jn~ r ! I • ,r: . ~~. t r• f~ ~~ ~ r,e 4 ~ ~_,~ ~~~ ~ ~ z c4 r _ ~~ , .~ ~ a ~ ~--- n ~~ ~ LL •'~ ~~ ,~..~•..z gg \~' ~~~ - ~ ~. '" ~ A - ~ i _; ~~ ~ ~~p ~~~ 1: ~ r { ~~ ~~ ~ ~s~s - ~ 1~ ~• , ~~ ...~ ~~ ~~~ f ~ ~ a i ~ ! ~~ ~~ F ~ a~ ~~ ~ ~, ~p ~~~ ~ ~ =' D .r- a •' f'~`s ;~ ~n v~ ~ ~a~ 1~~ ~ ~ ~~ ~ ~ ~ , Ica ~;~ X~~ a~.. ? ®e '~. ~~ ~ f.:,. ;~ •~ . ~~ ~ ~' • ~~ ~, , .roc a ~ .~ ~. a ,~ ,. i ~ ~ ~... A/ (' ~1 ! o Z Ylk ~ J 7 g f s 1 ~ y ~ 5 2 y - ~~ ~~ ~- ~/~ V if ,o J ~~~ ~z~ ~ ~~ ~s ~ ~~ y ~ ~~ ~1~~ ~ ~~~~~~57~.5~~ ~f~ r~ ~~ ~~ ~~ LL2~ ~Ctau+lu.az~~c <c a& .. -- _ i r+inos at~tvarv dM t ~ dN ~~ ' i _ ~, ~ ., j {/u ff'~ t E - ~, is ~ - ~~,ra ~ j ~- ~ ~r •, y _ ~ i' .~~ Y * ~_ ~ i ;~ ' ' , {- ~ aq.gti4 ~r~scnsac~ ~ ~ ~ j~ ~-~' CITY OF RICHFIELD, MINNESOTA Council Letter No. 87 Agenda April 10, 1989 Issue Statement: Approval of the community action plan (workplan) for the Tri-City HIV Infection Coalition. Background• In 1976 the Minnesota Legislature passed the Community Health Services (CHS) Act which established a statewide partnership between state and local government for responding to the health needs of communities. As the state authority for community health services, the Minnesota Department of Health establishes statewide goals to promote local participation in the achievement of these goals. Of the current nine statewide goals, one is to "assure that all community Health Boards can effectively lead their communities in responding to the potential for or presence of human immunodeficiency virus (HIV) in their service area. With this goal in mind, the Advisory Boards of Health from Bloomington, Edina and Richfield appointed representatives to a task force for the purpose of developing an HIV Infection Plan for the three cities. The task force developed a proposed community action plan to be presented to public sector leadership at a community forum held on February 11, 1989. Following feedback from these individuals, the plan is being brought before the three cities Advisory Boards of Health. At their March 20, 1989 meeting, the action plan received approval from the Richfield Advisory Board of Health. Each of the other two cities are also in the process of presenting this plan to their City Councils and to School Boards for their support as well. The plan is now being brought before the Richfield City Council for approval. If the plan is approved by Council, it will then be submitted to the Richfield School Board for their support. Following City Council approval, an open community forum is planned to initiate activation of the full Coalition. It is at this point that five designated task forces will be formed and their individual work plans developed. Those task forces will be: - Tri-City HIV Infection Education Task Force - Tri-City HIV Infection Treatment and Care Task Force - Tri-City HIV Infection Risk Reduction Task Force - Tri-City HIV Infection Funding Task Force - Tri-City HIV Infection Policy Task Force ~' ~'~/ Recommendation• It is recommended that the Richfield City Council approve the Tri-City HIV Infection Coalition workplan. Basis of Recommendation: 1. By approving this workplan, the City Council will be meeting one of the goals established by the Minnesota Department of Health through the Community Health Services ACt. Alternative Recommendation: 1. The Council could decide not to approve the workplan of the Tri-City HIV Infection Coalition. This would mean that Richfield would not have a plan for providing leadership and working with the members of the community in the area of AIDS/HIV. Discussion/Decision Mode: The workplan of the Tri-City HIV Infection Coalition is being presented for City Council approval at this time. Respectfully submitted, Ja D. Prosser Cit Manager JDP:sae v ~ `- RECOMMENDATIONS FOR A 7RI-CITY HIV INFECTION COALITION February 9, 1989 BACKGROUND . In 1976 the Minnesota Legislature passed the Community Health Services (CHS). Act which established a statewide partnership between state and local :government for responding to the health needs of communities. Within this system, Bloomington, Edina and Richfield have been established as locale Community Health Boards and, therefore, directly receive state funding for the delivery of community health services. All three cities independently provide aspects of emergency medical care and environmental services. Since 1976, Edina and Richfield have contracted with the City of Bloomington for the provision of Family Health, Home Health, Disease Prevention and Control, and Health Promotion Services. The services provided are determined through a joint planning process in which representatives of each of the city's Health Advisory Boards meet along with staff to review community needs, local resources, and identify community health service priorities. From these meetings, a Community Health_Services Plan is developed. It is reviewed by each Advisory Board and presented to each Board of Health (City Council) for approval. It then goes to the Hennepin County Health Department for incorporation into the county plan which, following public hearing, is submitted to the County Board for review, comment and approval. Following. receipt of the plan, the Minnesota Department of Health provides review, comment, approval and subsidy. As the state authority for community health services, the Minnesota Department of Health establishes statewide goals to promote local participation in the achievement of these goals. Of the current nine statewide goals, one is to "assure that all community Health Boards can effectively lead their communities in responding to the potential for or presence of human immunodeficiency virus (HIV) in their service areas." With this goal in mind, the three Advisory Boards of Health appointed representatives to a task force for the purpose of developing an HIV Infection Plan for the cities of Bloomington, Edina and Richfield. Representatives on this task force were: Joan Black Bloomington Advisory Board of Health Betsy Christensen CHS Administrator, City of Richfield Karl Dusich Epidemiologist, cities of Bloomington, Edina and Richfield Gayle Ha11in CHS Administrator, City of Bloomington Anne Kinley Richfield Advisory Soard of Health Virginia McCollister Edina Advisory Board of Health Larry Oppold Director, South Hennepin Human Services Council- Sharon Pressler Bloomington Advisory Board of Health Randall. Roehle Richfield Advisory Board of Health Vicki Thelen Epidemiologist, Hennepin. County Community Health Department David Velde CHS Administrator, City of Edina Walter Wilder Edina Advisory Board of :Health _ Pau l_"Zander Richfield Advisory Board of Health 1 _ THE STEERING COMMITTEE+ ,. ~, _ Purpose: To coordinate the overall activities of the Coalition based on the tri-city approval and school support of its proposed work plans. Membership: The steering committee will consists of 16 members:-~ 4 Task force chairpersons 3 Representatives from the Bloomington-Edina-Richfield health advisory.. committees 3 CHS administrators from Bloomington,-Edina, Richfield 1 Tri-city HIV resource. person 1 Hennepin County Community Health Department HIV resource person 3 Bloomington-Edina-Richfield school representatives 1 South Hennepin Human Services Council representative THE TASK FORCES Overall Purpose: To develop and- implement the approved work plan of that specific task force. Membership: .Open; with each task force selecting a chairperson for its leadership and representation on the steering committee. • Tri-City HIV.Infection Education Task Force Purpose: To stimulate and support the provision of appropriate and sufficient education for the primary purpose of preventing HIV infection. • Tri-City HIV Infection Treatment and Care Task Force Purpose: To stimulate and support the provision of adequate treatment and care of individuals affected by HIV infection and AIDS. • Tri-City HIV Infection Risk Reduction Task Force Purpose: To promote risk reduction initiatives which focus on behaviors linked to the spread of HIV infection. • Tri-City HIV Infection Funding Task-Force Purpose: To provide guidance and support in acquiring funding for community needs.- ~~ CITY OF RICHFIELD, MINNESOTA Council Letter No. 86 Agenda April 10, 1989 Issue Statement: Approval of the continuation of the agreement with the City of Bloomington for the provision of public health services for the City of Richfield for the year 1989. Background: In 1977, the State of Minnesota enacted the Community Health Services Act, which transferred the responsibility for the administration of public health programs to local jurisdictions. The state also provided funds for the programs, and encouraged local jurisdictions to increase the efficiency of the programs by grouping together. Richfield and Edina entered into a joint powers agreement with Bloomington, and the program has been administered under that agreement since that time. In 1988, there was a substantial increase in the numbers of public health nursing contacts with Richfield residents in primarily two groups, senior citizens and low income residents. These two groups continue to increase in numbers of contacts with Bloomington Public Health staff each year due to the makeup of our community. Family health costs increased 16% from 1987 to 1988, while Home Health Care costs increased 43o from 1987 to 1988. Examples of the increase in service levels are as follows: HOME HEALTH 1987 1988 Skilled Nursing Staff visits 756 1003 Home Health Aide visit 1045 1067 (Non-skilled nursing needs) Other categories increased as well but not as substantially as the home health care area. It is also difficult to compare figures from 1987 to 1988 in the other category areas as the State Health Department shifted several programs from one category to another. The combination of an increased level of service requests and state mandated comparable worth adjustments will bring the 1989 contract amount to 5140,113 - compared to 5118,000 in 1988. Approximately 517,000 of the 1989 increase can be attributed to Richfield's share of the comparable worth adjustments. ~/ ~ The cost breakdown in category areas. for 1989 is as follows: Home Health $40,354 Disease Prevention & Control S 3,335 Health Promotion $10,894 Family Health $85,530 TOTAL $140,113 Recommended Motion Renew the agreement with the City of Bloomington for the provision of public health services for the City of Richfield for 1989 in the amount of $140,113. Basis of Recommendation: The City of Bloomington has sufficient resources to provide a professional level of public. health services to Richfield residents. Annual evaluations of their services has shown that they are providing effective services in a very cost-efficient manner. Alternative Recommendations: 1. The Council could decide to have Richfield provide its own public health services. .The cost of hiring the nursing staff necessary to provide the same level of services and administrative support would be more than our current expenditures, and would require a budget increase. 2. The Council could decide to compensate the City of Bloomington at a lower rate which would require designated reduction in services or programs. Discussion/Decision Mode: The renewal of the joint powers agreement between the City of Richfield and the Cityiof Bloomington for 1989 for the provision of public health services is being presented at this time for Council consideration. Respectfully submitted, Jam Prosser Cit anager JDP:sae ~~ CITY OF RICHFIELD, MINNESOTA Council Letter No. 85 Agenda April 10, 1989 Issue Statement: Council receipt of the unaudited 1988 Financial Report. Background• The annual•Financial Report for the period ending December 31, 1988, has been completed by the Administrative Services Department. The audited Financial Report is not available at this time, due to the audit provision which requires Richfield's financial reports to be audited by Deloitte, Haskins, & Sells subsequent to April 15. As Council Members may be aware, the City received a reduced audit fee in turn for approval for the Auditors to delay their audit work until after April 15. The Richfield City Charter requires the Financial Report to be submitted to the City Council for fiscal year-end information by April 10 of each year. This report is submitted to Council Members prior to April 10 for review. The report has also been scheduled for official receipt at the April 10, 1989, City Council meeting. The attached summary report reflects the performance of the General Fund, Utility Funds, Golf Course Fund and Liquor Fund. Recommended Motion: Receive the una~iidited 1988 Financial Report of the City. Basis of Recommendation: 1. City Charter provides that the Financial Report of the. City be submitted to the City Council by April 10 of each year. 2. Audited financial reports for 1988 will not be available for several weeks. 3. The Administrative Services Department has just completed their financial reporting for 1988. Alternative Recommendation: 1. The City Council could request the staff to make a more detailed presentation of the unaudited 1988 Financial Report at this time or at a future Council Study Session. However, a detailed presentation of the audited report will be presented in the month of June, 1989. Discussion/Decision Mode: The Financial Report be formally accepted at the April 10 City Council meeting. Resp c ully submitted, Ja D. Prosser Ci Manager JDP:eja r- ~ -/ FINANCIAL REPORT SUMMARY - 19$8 The following is a summary of fund highlights for the General Fund, Utility Funds, Golf Course Fund and Municipal Liquor Fund. A thorough audited report will be presented to the City Council as soon as it becomes available. General Fund Revenues Expenditures Net Transfers Increase to Fund Balance 12/31 Fund Balance 1988 Actual $11,021,515 10,484,459 (89,778) 447,278 $ 4,434,322 1988 Budget $10,923,170 10,680,230 (89,940) 153,000 $ 4,140,044 1987 Actual $10,473,690. 10,573,292 (84,406) (184,008) $ 3,987,044 The General Fund of the City has a 1988 year-end Fund balance of $4,434,322, as compared to $3,987,044 at year-end 1987. It should be noted that the 1987 Fund balance was previously 54,652,929. However, the statement has been restated due to a change in accounting procedures which reserve accrued employee leave benefits. These benefits include vacation, personal leave, sick leave and holiday time. The amount set aside from the Fund balance due to the restatement in 1987 equals roughly $600,000. The Fund balance increase from restated 1987 Actual to 1988 Actual is $447,278. This increase is due to a number of factors. 1. The 1988 final budget had a built in revenue excess of $153,000. 2. There was nearly $100,000 of revenues in excess of the budget. The most notable excess revenue was an additional $90,000 earned in interest from investment of City funds over what was budgeted. Changes in interest rates in the latter part of the year and prudent investing accounted for this difference. 3. Expenditures were nearly $200,000 under budget. Most notably the Public Safety Department came in nearly $100,000 under budget after a transfer of roughly $20,000 of funds to another Department. Careful fiscal management by City staff evidenced a continued commitment toward containing the cost of municipal operations. Water Utility Fund Revenues Expenses Net Transfers Net Income 12/31 Retained Earnings 1988 Actual $ 2,056,991 1,276,257 (79,529) 701,205 S 3,638,054 1988 Budget $ 1,896,.000 1,179,130 (79,450) 637,420 $ 3,621,113 1987 Actual $ 1,850,555 1,112,595 (69,024) 668,936 $ 2,983,693 ~~ - The Water Fund experienced an outstanding year from a financial perspective in 1988. Net income for 1988 was 5701,000, which was a 5% increase over the previous year. It should also be noted that 1987 was an outstanding year in its own right, exceeding the previous year in net income by some 79$. The excellent year in 1988, again, would be attributed to the usually dry summer. Water rates were not increased in 1988 and are not recommended to be increased 1989. At year-end 1988 retained earnings in the Water Fund come to roughly $3,638,000. The 1987 year-end retained earnings were 52,984,000. The retained earnings and available cash in the Water Utility Fund are necessary to fund capital improvements and maintenance of the operation. This cushion greatly reduces the possibility that the City would be required to issue bonds to make emergency repairs, upgrades or maintenance in the water utility system. Constant renovations and repairs in the Water Treatment Plant and the associated City wells are being undertaken by the City to maintain the outstanding quality of water provided to Richfield citizens. Finally, it should be noted that during 1988 the Water Utility Fund made a long-term cash advance to the Data Processing Fund of 5160,000. This money will used by the Data Processing Fund to pay for the completion of the computer upgrade. Repayment to the Water Fund is expected to take place over a five year period. Sewer Utility Fund Revenues Expenditures Net Transfers Net Income 12/31 Retained Earnings 1988 Actual S 1,346,159 1,050,921 (30,905) 264,333 $ 3,463,027 1988 Budget $ 1,306,600 1,117,680 (30,870) 158,050 $ 3,356,744 1987 Actual 5 1,311,505 1,039,112 (24,466) 247,927 $ 3,198,694 The Sanitary Sewer Fund showed net income in 1988 of 5264,333. This is notably higher than the estimated $158,050 projected in the 1988 Revised budget. In addition, the 1988 net income exceeds 1987 actual figures by some 4.8%. All of which point to another financially successful year for the Sanitary Sewer Fund. In 1988, the Golf Course paid off the final 555,000 installment to the Sanitary Sewer Fund for the original $230,000 loan advanced during the construction of the Golf Course. Storm Sewer Utility Revenues Expenditures Net Transfers Net Income 12/31 Retained Earnings 1988 Actual $ 308,498 320,399 (6,650) (18,551) $ 310,365 1988 Budget $ 241,240 243,650 (6,650) (9,060) $ 319,856 1987 Actual $ 355, 402 279, 594 (5,400) 70,408 $ 328,916 ~~-/.~ The Storm Sewer Utility performed poorer than expected for 1988. Net income for the Fund for 1988 was a loss of $9,060.. Two reasons are primarily responsible for this operating loss. The first is a study on some storm sewer problem areas in the community was conducted and funded out of the 1988 budget, and secondly, rates were held constant for 1988 and not increased. The 1989 fee increase for Storm Sewer Utility should help place this Fund back in a positive net income position. Golf Course Fund Revenues Expenditures Net Transfers Net Income Transfer to City Garage 12/31 Retained Earnings 1988 was While ne in 1987, showing into the its net as part good year for the Golf Course. $110,230, as compared to $145,909 raight year of strong net income ommencing in 1987 and continuing be required to remit a portion of e Metropolitan Airports Commission for the Golf Course land. Liquor Fund Revenues 1988 Actual $ 6,369 163 1988 Budget $ 6 102 570 1987 Actual S 5 8 Expenditures , 5,612,921 , , 5,471,070 , 55,014 5,458 428 Net Transfers _ (400,456) (400,480) , (392 131) Net Income _ 355.786 , 4 455 12/31 Retained Earnings $ 2,031,496 $ 1,906,730 $ 1,675,710 Year-end revenues for 1988 reached a record $6,369,163 as compared to $5,855,014 the previous year. This 1988 year-end revenue figure also was, once again, the highest total of any municipal liquor operation in the State of Minnesota. While sales were at a record high, surpassing the $6,000,000 mark, the operation also saw a higher gross margin on productssold. In addition, the Liquor Fund received some 5255,000 in the sale of its former liquor site. 1988 Actual 1988 Budget 1987 Actual $ 897,976 $ 896,890 S 843,759 736,903 768,100 660,944 (50,843) (50,890) (36,906) 110,230 77,900 145,909 15 284) _ (32,612) $ 208,020 $ 190,974 $ 113,074 another exceptionally t income for 1988 was 1988 is the second st at the Golf Course. C future, the City will income each year to th of the lease agreement ~~-~ Summary This financial report summary represents the highlights of the overall financial report for Richfield. Financial reports for all funds are attached~to this letter, including Internal Service Funds not specially highlighted herein. A comprehensive review of the 1988 financial operations will be presented to the City Council once the Auditor's report is complete. In general, 1988 was another favorable year for the City's financial operations. Additions to the City's fund balances will be very helpful to retain financial stability as the City faces potential future revenue shortfalls. .~' ~-~' ASSETS Cash and temporary cash investments Receivables: Taxes Special assessments Aaao~~nts Due from other funds Due fr~ccn other g~o~vernmP.nts Total Assets LIABILITIES AMID Fi)I~ID BAL,AATCE Liabilities: Acco~uzts payable Accxued salaries and employee benefits payable Due to other gouts Deferred revenue Total Liabilities Fund Balance: Reserved for: Cable televisian Public Safety Erx~m~brances Unreserved: Undesignated Total Fund Balance Total Liabilities and Fund Balance CITY OF RIC~'IELD, NIIAIlVE50'PA GELVERAL FiJ1~ID COMPARATIVE BALD SHEET Dea~nbex 31, 1988 and 1987 1988 $5,350,546 171,418 9,939 47,563 37,738 184,853 5,802,057 S 146,892 1,050,149 46,606 124,088 1,367,735 34,189 35,294 4,364,839 4,434,322 55,802,057 FOF~! F 1987 $4,659,753 98,984 6,819 69, 392 18, 792 241.231 5,094,971 S 86,238 890,754 58,190 72,745 1,107,927 36,009 4,035 21,427 3,925,573 3,987,044 $5,094,971 '~" / - ~ CITY OF RICHFIELD, MINNF.'SOTA GENERAL FU1~ID SC[~(IL~E OF REVIIV[JESS OOMPARID TO &7DGh~' For the Year Ended Deegtiber 31, 1988 With Cerr~parata-ve Actual Amounts for the Year Eryded Deae~nber 31, 1987 Taxes: C~u-rent ad valorgn Ctu~nt ad valorem - fiscal disparities Delinquent ad valorem Penalties, interest, and forfeited tax sales Total Taxes Licen.~es and Permits; Business licenses Nonbusiness licenses and permits Total Licenses and Permits Int~ental Revenue: Federal: Civil defense reimbursement Storm disaster aid Drug enforr~rnnt State: Loc•,al government aid HomP.stead credit Small Business cxeclit Law offic7er trai ni ~ State-aid street maintenance Drug program Crime Prevention grant Natural Faesourr~es grant Enez~gy grant Storm disaster aid Surcharge rebate County: Catmunity health services Carmuni.ty Development Block Grant Total Intergovernmental Revenue 1988 Ovex Final (Under) 1987 Budget Actual Bu et Actual $3,544,713 $3,525,926 S(18,787) S 3,029,791 649,687 649,687 540,901 15,000 34,261 19,261 22,208 7,000 35 017 28 017 19 093 , , , 4,216,400 4,244 891 28 491 3 611 993 , , _ , , 130,000 127,821 (2,179) 144,538 200,000 189 540 (10 460) 199 330 , , , 330,000 317,361 (12,639) 343,868 9,000 7,065 (1,935) 8,458 158,325 x,000 (40,000) 3,122,350 3,122,355 5 3,122,395 1,344,800 1,345,567 767 1,326,320 27,060 27,059 (1) 19,260 19,260 6,280 156,090 156,093 3 129,368 30,000 (30,000) 5,000 10,000 5,000 208 5.~ (5,000) 12,000 31,664 8, 698 101,700 103,161 1,461 100,006 5 265 , 4,841,000 4.790,560 (50,440) 4,908,987 s.-~ CITY OF RICEIFIELD, MII~VESOTA GIIVEt2AL FU1~ID STATII~NT OF REVIIWES, ~ENDITURES, AMID (~iANGES IN FUND BALANCE - BiJDGET AMID ACTUAL For the Year Ended Dec~nber 31, 1988 With CaYrc~~rative Actual Amounts for the Year Ended Deae~nber 31, 1987 Revenues: Taxes Licenses and peanuts Inter~govenunental revenue C~tiarges for services Fines and forfeits Miscellaneous revenues Total Revenues Expenditures General Government Administrative Services Public Safety Cormmanity Development Coitmunity Services Total Expenditures Excess of Revenues over Expenditures Other Financing Sources (Uses): Operating transfers in (out): Special Revenue Funds Enterprise Funds Internal Service Funds Total Othex Financing Sourr7es (Uses ) Excess of Revenues and Other Sources over Expenditures and Other Uses Fund Balance - January 1 As Restated (Note) Fund Ba]-arx7e - Dec~nber 31 FORM F-1 1988 Ovex Final (Ur~cler) 1987 Budget Actual Budget. Actual S 4,216,400 $ 4,244,891 5 28,491 S 3,611,993 330,000 317,361 (12,639) 343,868 4,841,000 4,790,560 (50,440) 4,908,987 1,047,460 1,087,445 39,985 1,015,390 280,000 283,298 3,298 326,553 208.310 297,960 89 650 266 899 , , 10,923,170 11 021 515 98 345 10 473 690 __ , , , _ , , 557,570 547,303 (10,267) 522,366 915,400 905,338 (10,062) 877,094 5,173,720 5,076,282 (97,438) 5,294,440 226,720 225,863 (857) 255,584 3,806,820 3,729,673 77 147) 3,623,808 10,680,230 10,484,459 (195,771) 10,573,292 242,940 537,056 294,116 X9,602) (32,870) (32,870) (3,166) 185,590 185,590 139,330 !242,660) (242,498) (162) _ 220 570) (89,940) _ (89,778) _ (162) _ (84,406) 153,000 447,278 294,278 (184,008) _ 3,987 044 3,987,044 _ 4,171,052 4.140.044 4.434.322 294 278 $ 3,987 044 G~ -~ CITY OF RIC~'IELD, MINNF50TA GEIVII~AL FUND SC~IEDUI~E OF REVENUES COMPARID TO BUDGET (CONCLxTDID ) For the Year Ended Dee~nber 31, 1988 With Comparative Actual Amounts for the Year Ent3ed Deaernbex 31, 1987 1988 Over Final (~~ ) Budget Actual Budget Charges for Services: Genexal Governmexit Deputy Registrar Public Safety CaYmuru.ty Develepment CanrnuLity Services Health Park and. Recreation Swinmis~g Pool Ice Arena Nature Center Cccimurlity Center S 36,000 260,000 103,000 16,560 1,000 8,000 116,500 93,670 264,830 29,100 118,800 $ 44,244 256,871 111,375 13,341 2,189 16,587 122,654 110,049 261,667 32,267 116,201 $ 8,244 (3,129) 8,375 (3,219) 1,189 8,587 6,154 16,379 (3,163) 3,.167 (2,599) Total Charges for Services Fines and Forfeits: Municipal co~zY`t fines Forfeited bail Highway patrol fines Liael~,se penalties Total Fines and Forfeits 1,047,460 1 087 445 39 985 , , , 274,000 273,246 (754) 3,000 6,024 3,024 3,000 3,772 772 256 256 280,000 _ 283,298 3,298 Miscellaneous Revenues: Interest Cable TV franchise fee Rent Insurance claims and refunds Contributions Reco~veYy - damage to City PAY Other Total Miscellaneous ~ 150,000 239,286 89,286 33,300 34,274 974 12,700 12,492 (208) 310 305 (5) 8,000 1,750 (6,250) 4,000 9,503 5,503 350 350 208,310 297,960 89,650 FO1~I F-2 1987 Actual $ 53,452 259,164 110, 619 18,453 1,915 9,114 98,194 99,835 249,153 21, 049 94,442 1,015,390 319,481 3, .605 3,371 96 326.E 553 184,665 33,366 13,042 125 17,584 7, 330 10,787 266, 899 Total Revenues 10,923,170 11,021,515 98 345 $10,473,690 ~~ ~ _ ~ CITY OF RICHFIELD, MINNESOTA GENERAL FU1~ID SC~D~JLE OF EXPEE~IDITURES COMPARED TO &JDGET Far the Year Ended Dec~nbPx 31, 1988 With Canparative Actual Amounts for the Year Ended December 31, 1987 GENERAL OOVERII~VT: Mayor-Cotu~cil: Ppxsonal services Other services and c:Y~es Supplies Total Other Agerycies: Senior outr~.h services Cornerstone advocacy Storefrnnt/Youth action Project Charlie III Shared transportation South Hennepin Htunan Services Total ,:ity Manager: Persana_1 services Other services and changes Supplies. Capital outlay Total Legal: Personal services Other services and charges Supplies Total Total General Goverrunent ADMINISTRATIVE SERVICES: Admuzistraticn: PPxl services Other services and charges Supplies Capital outlay Total Personnel: Personal services Other services and ~ Supplies Capital outlay Total 1988 Final Over (Under) 1987 Ac~ttzal et Actual $ 32,680 $ 32,140 $ (540) $ 30,099 48,000 47,661 (339) 41,094 9,500 5,895 3 605) 6 152 , 90,180 85,696 (4 484) 77 345 , , 2,500 2,500 2,000 2,250 2,250 1,250 46,300 46,300 42,850 1,000 1,000 1,800 2,000 2,000 6,240 6,240 7 362 , 60,290 60,290 55 262 , 116,820 115,793 (1,027) 117,593 62,410 56,506 (5,904) 59,866 4,300 3,365 (935). 4,111 9,060 9,623 563 189 192,590 185,287 7 303) 181 759 , 4,299 4,299 49,229 214,510 211,727 (2,783) 158,771 4 4 _214,510 216,030 1,520 _208,000 557 570 547 303 10 267) 522 366 $111,810 $112,356 $ 546 $ 104,912 15,010 19,056 4,046 8,413 2,780 3,996 1,216 2,108 5,500 5,728 228 229 135,100 141,136 6,036 _115,662 54,940 51,672 (3,268) 64,414 30,580 24,531 (6,049) 26,432 6,290 5,966 (324) 5,257 6,650 6,428 (222) 322 98,460 88,597 9 863) 96,425 `~~ io CITY OF RIC~EIFIELD, MINNESOTA FORM F-3 GIIVERAL FUND SC~~7IJLE OF EXPII~IDITURES CCNlPARID Z'0 BUDGET (CONTINUED ) For the Year Etxled December 31, 1988 With Comparative Actual Amounts for the Year Ended DeaembPx 31, 1987 1988 Ovex Final (Under) 1987 Bt. et Actual _Budget Actual ADMINISTRATIVE SERVICES: (Continued) Youth Emplayn~nt - Catiu~seling: Personal. services. 21,580 21,151 (429) 20,070 Other services ar~d charges 1,590 1,472 (118) 1,121 Supplies 830 719 (111) 536 Total 24,000 23,342 (658) 21,727 Finatx7e Personal services 148,300 148,821 521 150,186 Other services and charges 29,630 29,984 354 56,256 Supplies 19,400 13,549 (5,851) 13,943 Capital outlay 10,850 8,211 (2.639) 1,500 Total 208,180 200,565 (7,615) 221,885 City Clerk: Personal services 186,220 183,755 (2,465) 182,129 Other services and charges 17,340 12,859 (4,481) 18,935 Supplies 11,300 8,439 2 861) 8,585 Total 214,860 205,053 (9,807) 209,649 Election: Persona]. services 20,000 23,449 3,449 7,277 Other services and charges 21,300 17,818 (3,482) 3,436 Supplies 3,750 7,018 3,268 3,723 Total 45,050 48,285 3,235 14,436 Assessing Personal services 28,060 28,032 (28) 28,946 Other services arx3 charges 126,410 122,783 (3,627) 127,087 Supplies 5,020 4,422 (598) 1,766 Capital Outlay 5,000 7,029 2,029 1,138 Total 164,490 162,266 (2,224) 158,937 Cable Television: Personal services 8,270 11,451 3,181 7,469 Other services and rhar~ges 13,090 20,935 7,845 12,779 Supplies 210 309 99 Capital outlay 3,690 3,399 (291) _ 18,125 Total 25,260 36,094 10,834 38,373 Total Administrative Services $915,400 905 338 $(10,062) 877 094 ~~~~/ CITY OF RIG[~'IELD, NIITIIVESOTA GENERAL FU1~ID SC~~ULE OF EXPE~IDITURESS OON~ARED TO BUDGET (CONTINUID ) For the Year Ended December 31, 1988 With Comparative Actlxal Amounts for the Year Ended December 31, 1987 PUBLIC SAFETY: Support Services: Personal services Other services and charges Supplies Capital outlay Total Police Protectioai: Persona]. services Other services and charges Supplies Capital outlay Total Fire Protection: Personal services Othex services and charges Supplies Capital outlay Total Emexgency Services: Personal services Other services and charges Supplies Capital outlay Total Inspection: r~exsonal services Other services and charges Supplies Capital outlay Total 1988 Over Final (Uryder) 1987 et Actual Budget Actual $ 626,670 $ 579,138 $ (47,532) $ 556,968 324,700 304,757 (19,943) 105,585 27,500 29,911 2,411 30,855 44,180 43,507 (673) 25,425 1,023,050 957,313 (65 737) 718 833 , , 1,996,700 2,002,102 5,402 2,134,170 333,706 267,212 (66,494) 335,582 46,500 48,857, 2,357 38,551 11,994 18,947 6,953 25,155 2,388,900 2,337,118 (51,7822 2,533,458 1,341,550 1,364,674 23,124 1,462,290 123,780 133,063 9,283 114,135 30,000 25,428 (4,572) 30,306 40,850 30,649 (10,201) 25,168 1,536,180 1,553,814 17 634 1 631 899 , , , 7,850 7,000 (850) 9,778 29,300 15,873 (13,427) 24,037 4,600 4,256 (344) 3,734 8,000 700 (7,300) 3,737 49,750 27,829 (21 921) 41 286 , , 149,790 132,370 (17,420) 166,751 22,350 66,121 43,771 199,686 500 811 311 668 3,200 906 2 294) 1,859 175,840 200,208 24,368 368,964 Total Public Safety $5,173,720 $5,076,282 $(97.438) 55,294,440 ~~ ~z CITY OF RICHFIELD, NlII~IIVESCyPA GIIVERAL Ft)1~ID SC~~i1L~E OF EXPEEL~IIDITURES C~ARID TO BUDGET (CONTIIVtJED ) For the Year Etxled Deee~nbex 31, 1988 With Ccmparativ~e Actzaa.]_ Amounts for the Year Ended Deo2inber 31, 1987 OONNAJNITY DEVELOP'NlENT: Ac~ninistraticn: Personal services Other services and ~ Supplies Capital outlay Total Plaru~ing and Zoning; Personal services Other services ar~d charges. Supplies Capital cutlery Total Housing Authority: Persar~al services Other services and charges Supplies Capital outlay Total Total Ca-murLi.ty Development COMM[7NITY SERVICES: AdaLi.nistratica~: Personal services Other services and rharge.~ Supplies Capital outlay Total Ice ArP.Y]a: Personal services Other services ar~d changes Supplies Capital outlay Total FORM F-3 1988 Final Over (Under) 1987 - et Actual Bud t Aatlaal $ 82,010 $ 80,550 $ (1,460) $ 64,407 9,860 11,211 1,351 16,217 1,670 1,685 15 1,963 400 396 (4) 1,831 93,940 93,842 (98) 84,418 72, 730 21,760 15,590 1,100 111,180 14,770 4,120 580 2,130 21,600 226 720 126,880 102,140 6,700 300 236,020 152,060 97,720 27,030 9.350 286,160 84,477 11,625 13,233 1,087 110,422 17,815 1,549 522 1,713 21,599 225 863 129,873 77,204 5,849 151 213,077 149,028 101,816 27,427 9.879 288,150 11,747 (10,135 ) (2,357) (13) (758) 3,045 (2,571) (58) (417) (1) 857) 2,993 (24,936) (851) (149) 22 943) (3,032) 4,096 397 529 1,990 74,838 6, 857 10,618 2,318 94,631 52,226 17,668 3,123 3,518 76,535 255 584 137,748 34,243 4,664 4,821 181,476 132,673 83,879 26,133 550 243,235 rt-~ _ ~~ CITY OF RICHFIELD, NIITIlVESOTA GE~VII~AL Fi71~ID SC~~~JLE OF EXPEI~IDITURFS COMPARED Z'0 &JDGET (CONTINUED ) For the Year Ended Deeetnber 31, 1988 With Comparative Actual Amounts for the Year Ended December 31, 1987 COMMUNITY SERVICES: (Continued) Swimming Pool: Personal services Other services and charges Supplies Capital outlay Total Community Center: Personal services Other services and charges Supplies Capital outlay Total Recreation: P~ersor~al services Other services and charges Supplies Capital outlay Total Nature Center: Personal services Other services and charges Supplies Capital outlay Total ~9~x'~: r~,rsonal services Other services and charges Supplies Capital outlay Total Forestay: rer-so~~ services OthPx services and charges Supplies Capital outlay Total 1988 Final Over (Urbder) 1987 Actual et Actual - 69,180 70,715 1,535 66,972 24,960 20,837 (4,123) 23,777 16,310 20,245 3,935 14,957 1,320 2,137 817 860 111,770 113,934 2,164 106 566 221,350 123,658 24,530 7,372 376, 910 207,480 86,980 33,860 550 328,870 201,630 38,785 20,135 5,160 265,710 51,720 69,400 2,350 300 123,770 115,420 88,680 3,230 8,530 215,860 249,913 64,733 25,234 6.942 346, 822 199,728 92,891 35,509 1,725 329,853 204,348 38,904 20, 669 4,965 268,886 62,688 58,499 1,610 4,472 127,269 91,658 82,183 2,722 9,589 186,152 28, 563 (58,925) 704 (430) (30,088) (7, 752 ) 5,911 1,649 1,175 983 2,718 119 534 195) 3,176 10, 968 (10,901) (740) 4,172 3,499 (23,762) (6, 497 ) (508) 1,059 (29,708) 213,535 100,910 25, 297 9,202 348,944 190,312 81,513 27, 006 3.395 302,226 218,571 44,224 16,249 2,155 281,199 89,954 6,107 2, 096 581 98,738 104,887 87,370 5,962 660 198,879 ~~~ CITY OF RICE~'IEZ~D, MINNESOTA GFdVERAL FU1~ID SCIE~IJLS OF EXPE[~IDITURFS OCNIPARID Ta BUDGET (OONCLUDID ) For the Year Ended December 31, 1988 With Ccmpar'ative Actual Amounts far the Year. Eroded December 31, 1987 CO:~NAJNITY SERVICES : (Continued ) Lyndale/Niaollet Maintenar~oe: Ppxsor~al servioes Other services and charges Supplies Capital outlay Total GaverrYnent Buildings F0~! F-3 1988 Final Over (Under) 1987 Budget A ctual et Actual S 410 $ 400 $ (10) $ 142 4,040 2,736 (1,304) 4,831 1,680 1,303 (377) 5,210 800 469 (331) 288 6,930 4,908 (2,022) __ 10,471 ~~~ se~ices Other services and charges 140,920 141,200 128,216 138,977 (12,704) (2,223) 143,955 138 038 Supplies Capita]' outlay 20,530 8.340 16,478 7,304 (4,052) (1,036) , 17,203 50 102 TOE 310,990 290,975 (20,015) _ , 349,298 Park Main Personal ~ 375,580 402,034 26,454 434 426 other' services aryl rhar~es 155, 620 156, 587 967 , 151 738 Supplies 42,380 52,839 10,459 , 39 797 Capital outlay _ 33,280 33,746 466 , 6 544 Total 606,970 914,441 (22,529) _ , 870,271 Streets: ~- services Other services and S 298,520 494,800 306,459 447,133 7,939 (47,667) 303,699 483 086 Supplies 81,150 100,731 19,581 , 65 948 Capital outlay _ 62.500 60,118 (2,382) , 17 538 ~~ 936,970 __ 914,441 !22,529) , _ 870,271 Total CoRmun_ity Srvices ~ 3,806,820 3,729,673 77 147) 3,623,808 Total Expenditures 10.680,230 10,484,459 $(195,771) $10,573,292 ~~_/~' CITY OF RICl~'IELD, MII~IlVE$0TA WATER UTILITY FU1~ID OOD~ARATIVE BALAl~CE SII~EP Deaeniber 31, 1988 and 1987 ASSETS Curr2,nt Assets Cash and temporary cash investmexits Aaoauzts receivable: Service charges: Billed Certified to County Auditor Unbilled services Due from other governments Inventory Total Current Assets Long-term Assets: Connection charges receivable: Edina hookups Long-term advance - Data Processing Total Long-term Assets ~per'ty and Frn~ipment: Land Buildings Office equipment Machinery and equipment Other improvements Less acc~umxlated depreciation Net Property and Equipment Total Assets 1988 1987 $1,854,980 51,226,077 283,051 293,391 81,834 82,253 137,540 131,225 304 304 11.205 6.538 $2,368,914 51,739,788 180 160,000 160,000 180 44,500 1,468,519 7, 677 3,050,481 6, 466, 508 11,037,685 3,929,534 44, 500 1,468,519 5, 889 2,963,119 6,464,087 10,946,114 3,706,238 7,108,151 7,239,876 9.637.065 58,979,844 ~~-~~ FORM J-7 LIABILITIES AMID FU1~ID EQiJITY C<irrent Liabilities: Accounts payable Aac~aed salaries and employee benefits payable Contracts payable Due to ott~x funds: Housing & Redevelopment Special Revenue General Obligation Bonds Total Current Liabilities Ltntig-term Liabilities: C~astanex deposits Deferred revenues -connection changes: Edina hookups Total Long-term Liabilities Total Liabilities Fund ~ ~; ty: Contributed capital: Property owners Special assessmexits City aid for construction Federal grant Total Contributed Capital Retained Ea7:7L'LrX~S ih~.served Total Retained Earnings Total Furid Frn ~i ty Total Liabilities and Flared Equity 1988 1987 S 32,263 $ 40,120 46,546 32,010 5,000 86 20,000 20,000 98,809 97,216 532,137 180 532,317 98,809 629,533 533,584 3,196,500 3,196,500 2,140,118 2,140,118 30,000 30,000 5,900,202 5,366,618 3,638,054 2,983,693 3,638,054 2,983 693 9,538.256 8,350,311 $9,637,065 $8,979,844 ~~_~% CITY OF RICt~'IELD, MITIlVESOTA FORM J-8 WATER UTILITY Fi)I~ID COMPARATIVE STATII~N'P OF REVENUES, EXPIIJSES, AND CHANGES IN RETAINED EARNINGS For the Years Etx~ed Deae~nber 31, 1988 and 1987 1988 1987 Sales: ,s for services $1, 952 009 S1, 760, 864 Operating Expenses: Personal services 454,512 382 979 Other services and ~ 376,780 , 334 236 Supplies 218,172 , 188 641 Depreciation _ 226,793 , 206,739 Total Operating Expenses 1.276,257 _ 1,112.595 Operating Irx~~e 675.752 648, 269 Nonoperating Revenues (mss)- Interest 119,034 86 755 Stornt disaster aid , 520 Gain (loss) cn sale of property (14,052) 2 416 Total Nonoperating Revenues (Ex~n~~) 104, 982 , _ 89, 691 In~aome Before Operating Transfers _ 780,734 737,960 Operating Transfers (Out): ~ ~~ Debt Service Fund (32,670) (20,000) (26,380) (20,000) Data Processing Ftarrl ( 3, 580 ) Self Insurarx~e Fund (23,279) _ (22,644) Total Operating Transfers (Out) (79,529) (69,024) Net Irx~ame 701, 205 668, 936 Retained F~rni ~s - January 1 2,983,693 2,314,757 Equity Transfers out t0 Central Garage (46,844) ~~~d Ean~~s - ~~ 31 3,638,054 2,983,693 CITY OF RICEiF'IELD, MINNE,O'PA WATER UTILITY F(JI~ID CON~ARATIVE STATII~[VT OF C~iANGFS IN FINANCIAL POSITION For the Years Ended December 31, 1988 and 1987 1988 Sources of Working Capital• Operations: Net income Item not.. requiring current working capital: Depreciatian Working Capital Provided by Operations Inrxease in deposits Decrease in lc~g-term assets Cantributions fran property owners Total Sources of Working Capital Uses of Working Capital• Acquisition of property and equipment Decxea.~e in long-term liabilities Long-terns advance Disposition of equipment Total Uses of Working Capital Net Incrrease in Working Capital Elements of Net Irxxease (Decrease) in Workiryg Capital: Cash and investments Accounts receivable Due from other governments Inventory Accounts payable Accrued salaries and employee benefits payable Due to other funds Cantracts payable Net Irx~+ease in Working Capital $ 701,205 226,793 927,998 180 533, 584 1,461,762 141,278 532,317 160,000 634 834,229 S 627, 533 $ 628,903 (4,~) 4, 667 7,857 (14,536) 86 5,000 S 627.533 :~"~ -/~ FORN! J-9 1987 $668,936 206,739 875,675 3,841 45 879,561 668,127 45 668,172 211 389. $ (9,983) 72, 363 304 (738) 66,375 7,154 (86) 76.000 211 389 `~~~ / CITY OF RIClI~'IELD, MII~IlVE5O'PA WATER UTILITY FiJf~ID ~~ARATIVE ~JLE OF REVENUES For the Years Ended Deae~tibex 31, 1988 and 1987 1988 Sales: Charles for services: Water sales metered Water availability Conneatioaz changes Custaner services Sales of material and supplies Certificatioai fee Penalty charge Customer service change $1,844,174 1,371 67 11,358 2,614 3,720 14,410 75,295 FORM J-10 1987 $1,649,195 1, 620 72 13,001 3, 587 3,630 14,141 75, 618 1'°~ ~-~ $l, 953,009 1, 760, 864 #~,` CITY OF RIClI~'IELD, MITIlVESOTA FORM J-11 WATER UTILITY F[JI~ID OCX~ARATIVE SCd~,E OF OPERATING EXPEI~SF.S For the Years Ended DeoernbPx 31, 1988 and 1987 1988 1987 Treatment and Distribution; P~xsonal S i erv ces: Salaries Interdepartmental labor $ 352,089 $ 279,886 RetireYtient contributions 23,507 38 810 24,571 Health and life insvraix7e contributions , 19,837 36,767 20 832 Total Personal Services _ 434,243 , 362,056 Othex Services and Charges: Rents and leases ing publications 35,057 13,452 ~n a d ~ 84 51,628 115 75 593 Professional services 16, 366 , 4, 543 Coim~unications 791 901 Travel and subsistence 6,350 5 674 Subscriptions and memberships 1 118 , 947 Utilities Insurarx5e, bonds and licex~ses 199,732 175,113 , Othex contractual services 48, 518 45, 275 . Total Other Services aryd ~~ 2,193 _ 361,837 595 322,208 Supplies: Office 5, 372 380 Clothing 710 1,096 Parts, tools, and supplies 21,444 12,473 Ch~nicals _ 183,236 _ 168,432 Total Supplies _ 210,762 182,381 Depreciation 226,793 _ 206,739 Total Treatment and Distributi~ _1,233,635 _ 1,073,384 Collection and Billing: PPxsonal Services: Salaries 17,307 17,859 Retirement contributions 1,938 2,079 Health and life ir~suraryae contributions 1, 024 985 Total Personal Services _ 20,269 20,923 Other Services and Ctrs: Rents and leases 8,486 9,023 Ma'ntenaix~e and repairs 362 202 Professional services 5,610 2,360 Insuraix7e 485 443 Total Other Services and Charges _ 14.943 _ 12,028 Supplies: Office supplies 7,410 6,260 Total Collection and Billing 42 622 39211 Zbtal Operatrryg Ex 1,276,257 1.112,595 ~~-~/ CITY OF RICT~'IEL~D, NtIrIl~1FSOTA SEWER UTILITY FUI~ID ~ARATIVE BALAIVC~ SHEEP Deagnber 31, 1988 and 1987 1988 1987 ASSET'S Current Assets: ~~ and ~' cash ~~~~ $1,686,782 $1 281 237 Aaao~uzts receivable: , , Seririce charges: Unbilled services 117,140 113 128 Accrued interest receivable -Golf Course Fund , 642 Due from other gaverz'ments Metropolitan Waste Contxnl Cannissioa~: Interceptor acquisition - curreizt 83,058 79 902 Operating cost adjustment (1987 and 1986) 53,402 , 112 296 State of Minnesota 5,016 , _ 5,016 Total Current Assets 1,945,398 1,592,221 Long-team Assets Long-t.~-m- advance -Golf Course 55 000 Due from other gaverrYnents , Metropolitan Waste Contxol Ccmnissioaz: Operating cost adjustment (1988 arx3 1987) 100,000 53 402 ~ ~' 20, 507 , 29 873 Interceptor aegtus~t~oai ~tr~t _ 1,165,546 , 1, 248, 606 TOE' ~~-teen '~~~ 1, 286, 053 1, 386, 881 Property and EcNilxnent: ~~ Buildings 29,050 29,050 Office equipment 527,634 527,634 ~~"~~' and equipment o h 4,081 108,955 1,244 86 937 t er '~ 65,455 , 54,055 Less aactiurnalated depreciation 735,175 340, 861 698,920 _ 314, 250 Net ~' and ~ ~, ptnent _ 394, 314 384, 670 TOE' ~~~ $3,625,765 $3,363,772 ~~ ~ ~~ FORM J-12 1988 1987 LIABILITIFS AMID FU1~ID EOL1TTy Ctarrent Liabilities: Acao~.uzts payable $ 9, 762 $ 5, 743 Accxued salaries and employee benefits payable 21,866 28,225 Total Current Liabilities 31,628 33,968 Ftiu~d Equity: Contributed capital: City 131,110 131,110 Retained Earilil'ygs ZJr~served 3, 463, 027 3,198, 694 Total Ftiu~d Eq~itY 3, 594,137 3, 329 804 Total Liabilities and Fucxl ~~;ty 3,625.765 $3,363,772 „-'~ -~~ CITY OF RICHFIELD, MINNESOTA FORM J-13 SEWER UTILITY Fi71~ID COMPARATIVE STATII~I'P OF RE~7ENUUFS, EXPENSES, AMID C~iANGES IN RETAINED EARNINGS For the Yeats Eryded December 31, 1988 arr3 1987 1988 1987 Sales: Charges far services $1,179,600 51,162,868 Miscellaneous revenues 1,783 522 Total Sales 1,181,383 1,163,390 Operating Expel~se-S: Metropolitan Waste Control Ccamission: Sewer service charge_~ 752,021 764,164 Personal services 189,288 180,954 Other services and charges 62,590 55,784 Supplies 20,411 13,573 Depreciation 26,611 24,637 Total Operating Expense. 1,050,921 1,039,112 Operating Inacc[te 130,462 124,278 Nor~operating Revenues Interest 164,776 139,516 Storm disaster aid 8,599 Total N~erating Revenues 164,776 148,115 Iryaome Before Operating Transfers 295,238 272,393 Operating Transfers (Out): General Ftuxl (14,390) (13,700) Data Processing Fund (3,510) Self Insuraix5e Fund (13,005) (10,766) _ Total Operating Transfers (Out) (30,905) ~ (24,466) Net Irx~ie 264,333 247, 927 Retained Earnings - January 1 3,198,694 2,950,767 Retained Farni ~s - Deae~nbPx 31 $3.463, 027 $3,198, 694 ~" ~ '~T CITY OF RICHFIELD, MII~IIVESOTA FORM J-14 SEWER UPILITY FiII~ID COMPARATIVE STATII~NT OF CHANGES IN FINANCIAL POSITION For the Years Ended Decsnbex 31, 1988 and 1987 1988 1987 Sources of Workiryg Capital• Operations: Net iricane $264,333 $247,927 Item not requiring working capital: Depreciation 26,611 24,637 Wor}cis~g Capital Provided by Operations 290,944 272,564 Decxease in long-term assets: Due fran Metropolitan Waste Control CamLission: Resexv~e capacity 9, 366 9, 554 Operatiryg oust adjustment (46,598) 58,894 InteYr~eptor acquisition contract 83,060 79,902 Decrease in long-term advatx7e 55,000 40,000 Total Sources of Working Capital 391,772 460,914 Uses of Working Capital• Acquisition of property ar~d equipment 36, 255 94, 204 Total Uses of Working Capital 36,255 94,204 Net Increase in Working Capital $355,517 366 710 Elements of Net Irxxease (Decxease) in Workiryg Capital: Cash and investments 405,545 $433,276 Acoatuzts receivable 4, 012 (8, 067 ) Due from other funds (642) (466) Due fran other governments (55, 738) (46, 060 ) Accounnts payable (4,019) (4,366) Acc~xed salaries and employee benefits payable 6,359 (10,899) Due to other gaveri~nents 3,292 Net Increase in Working Capital 55 517 366 710 ~`~-~.S CITY OF RICE~'IELD, MINNFSO'PA FORM J-15 SEWER UTILITY Fi)I~ID CCL~ARATIVE SC;E~DULE OF REVIIVUFS AMID EXPIIVSES For the Years Ended Deeertiber 31, 1988 and 1987 1988 1987 Sales: Charges for services: Sewex user cY~ar'ge-S 51,116, 961 Sl, 098, 277 Reserve ~P~itY -~ 192 1, 660 Sewex eextificatioai charges 3, 720 3, 630 C~astortiex service charges 49, 211 50, 212 Penalty charJe 9,516 9,089 Total Charges for Services 1,179,600 1,162,868 Miscellaneous: Sale of material 27 22 Rental of property 1,756 500 Total Miseellar~eous 1,783 522 Tom ~~ 1,181,383 1,163,390 operating ~~ service ~ 752,021 764,164 Personal services 189,288 .180,954 Ot1~er services and ~~ 62,590 55,784 Supplies 20,411 13,573 Depreciation 26,611 24,637 Total Operating Expenses 1,050,921 1,039,112 Operating In~~ 130,462 124,278 Nonoperating Revenues: Interest: Deferred cnarrent value credit 53,140 56, 213 Reser~ne ~P~tY 239 534 Investme-nts 108,189 76,586 Golf Course 3,208 6,183 Storm disaster aid 8,599 Total Nonoperatir~g Revenues 164,776 148,115 Iryaorr~e Before Operating Transfers $ 295.238 $ 272, 393 ,T G -~G CITY OF RICHFIELD, MITIl~iE50TA FORM J-16 SEWER UTILITY FU1~ID COMPARATIVE SCl~iJLE OF OPERATING F.XPII~ISFS For the Years Ended Deoe~nbex 31, 1988 arr3 1987 1988 1987 Sewpx Service Change - Metropolitan Waste Cantrol Cannissian: TreatmP.nt charges S 752, 021 S 764,164 Maintenarx5e: Personal Services: Salaries 144,839 175,479 Interdepartmental labor (cxedit) (11,231) (46,287) Retirement contributioa~s 16,991 17,365 Health ar~d life insurance aontributioa~s 11, 650 9, 627 Other Services and Charges: Rents and leases 24,598 22,633 Maintenance and repair of equipment 1,091 1,831 Expert and professional services 4,972 5,399 Catm~uzicatiorLS 744 917 Travel and subsistence 3,320 1,080 Utility services 5,761 5,313 Insurance, bonds, and permits 10,357 8,183 Other aantxactual services 1,137 596 Supplies: Parts, tools, and supplies 13,707 7,923 Depreciatian 26,611 24 637 Total Maintenatx7e 254,547 234, 696 Collectian and Billing Salaries 22,147 20,538 Interdepartmental labor 256 112 Retirement cantributions 2,576 2,224 Health and life insurance oantributians 2,060 1,896 Other Services and Charges: Rents and leases 6,843 6,878 Maintenance and repair of equipment 362 202 Professional service 2,882 2,293 Conmun_icatioa~s 25 Insurance and bands 498 459 Supplies: Office supplies 6,704 5,650 Total Collectian and Billing 44~ 353 40,252 Total Operating Expes~ses 51,050,921 51,039,112 ~~~~~ CITY OF RICHFIELD, MIrII~OTA FORM J-22 STORM SEWER UTILITY FUND CD'~ARATIVE BALANCE SHEET Deaenber 31, 1988 and 1987 1988 1987 ASSETS G~rrent Assets: ~~ and Y cash inves~~ts $ 465,873 $ 471,468 Aaoounts r+ec~eivable: Service charges: Unbilled services 56,105 41,997 Due from eth~'-r gevexn~nents 35, 770 35, 656 Total Current As=gets 557,748 549,121 Restricted Assets: ~~ and investments far' debt service 128,046 128, 046 Y a~ ~ ~; pment: Nfachinery aril equipnent 1, 624 1, 624 Other imprnvemP.nts 2,284,724 2,293,539 2,286,348 2,295,163 Less aec~unulated depreciation 115.322 38,840 Net ~P~'tY a~ F~~iPment 2,171,026 2,256,323 Total Assets 2,856,820 2,933,490 LIABILITIES AND FUND EQUITY C~arre,~zt Liabilities: Aaaaunts payable $ 17,239 $ 14,108 G'~u~~ent Liabilities (Payable fr~an Restricted Assets); Acc~wed interest payable 64,216 65,466 Bonds payable (due in orye year) 65,000 60,000 Total Current Liabilities (Payable from Restricted Assets) 129,216 125,466 Long-term Liabilities: Bonds payable (due after ore year) 2,400,000 2,465,000 Total Liabilities 2,546,455 2,604,574 Fund ~ ~; ty: Retained earnings: Unreserved 310,365 328,916 Total Fund Equity 310,365 328,916 Total Liabilities and Fund ~~;ty 2,856,820 2,933,490 ,~ -,..«' CITY OF RICt~'IELD, MII~IIVESOTA FORM J-23 STORM SEWER UTILITY FUI~ID C~ARATIVE STA'PII~~NT OF RE~7ENIJFS, EXPENSES, AND Q~iANGES IN RETAINED EARNINGS For the Years Ended December 31, 1988 and 1987 1988 1987 Sales: Chafes for services $401,813 $391,377 Custaner sexvioe chax~es 16,830 15, 962 Penalty ~'~ 3.263 4.365 Total Sales 421,906 411,704 Operating ~l services 90,253 98,739 OthQx services and charges 152,613 74,179 Supplies 1,051 68,293 Depreciation 76,482 38,383 Total Operating Expenses 320,399 279,594 Operating Irx~ome 101,507 132,110 Nonoperating Interest 41, 395 40, 220 Storm disaster aid 61,011 Interest and fiscal charges 154 803) 157 533) Total Noa~operating Revenues (Expenses) (113,408) (56,302) Irioa[te (Loss) Before Operating Transfers (11,901) 75,808 Operating Transfers (Out): General Fund (5,250) (5,000) Data Processing Fund (1,000) Self Insurarx7e Fund (400) (400) Total Operating Transfers (Out) 6 650) _(5,400) Net In~aoct~e (Loss ) 18 551) 70, 408 Retained Earnings - January 1 328,916 258,508 Retained Earnings - Decestibex 31 310 365 328 916 ~ '~~ CITY OF RIC[~'IELD, MII~IlVFSOTA FORM J-24 STOl~i SEWER UPILITY F[71~ID OO~ARATIVE STATET~NT OF C~iANGES IN FINANCIAL POSITION For the Years Ended DeaembPx 31, 1988 and 1987 1988 1987 Souses of Workirx~ Capital Operations: Net irx7ane (loss) $(18,551) S 70,408 Item not requiring working capital: Depreciatian 76,482 38,383 Working Capital Providedby Operations 57,931 108,791 Irxx~ease in current liabilities payable from restricted assets 3,750 Dispositian of propPxty 8, 815 Decrease in restricted assets 4,078 Total Souc~aes of Working Capital 70,496 112,869 Uses of Working Capital• Acquisitian of property and .equipment 12,394 Decease in current liabilities payable from restricted assets 5, 465 Decrease in lang-term bonds payable 65,000 . 60,000 Total Uses of Workirx3 Capital 65,000 77,859 Net Increase in Working Capital 5 496 35 010 Elements Of Net IrYxrease (Decrease) in Working Capital: ~~ and ~vestmetZts $ (5, 595 ) $ 11, 617 Accounts receivable 14,108 (5,061) Due from other gov~ernmP.nts 114 35, 656 Accounts payable 3 131) 7 202) Net Irxxease in Working Capital 5 496 35 010 ~~ CITY OF RICl~'IELD, NiI1~IIVESO'PA STORM SEWER UTILITY FiII~ID COMPARATIVE SC~~JI,E OF OPERATII~IG EXPENSES For the Years Ended Dec~nbex 31, 1988 and 1987 1988 Personal Services: Interdeparbnental labor other Services and Charges: Rents and leases Maintenance and repairs Professioanat services Flood study Travel and subsistence Utilities Insurance Other contractual services Total Other Services and Changes Supplies: Office Parts, tools, and supplies Total Supplies Depreciation Total Operating ,s 90 253 52,980 1,472 44,404 48,645 1,147 1,848 1,787 330 152,613 236 815 1, 051 76, 482 20 399 FORM J-25 1987 98 739 50, 624 3, 979 15, 540 1,076 1, 757 1, 203 74,179 190 68,103 68,293 38,383 279 594 ~~ -~ CITY OF RICRFIELD, MIAIlVFSOTA STORM SEWER UTILITY FU1~ID SCd~tJL~E OF C!-1A~ IN ASSETS RESTRICTID FOR REVENUE BO1~ID DEBT SERVICE For the Year Ended December 31, 1988 Cash and irYVestmentS at begi nni ~ of year Cash R~eeeipts: Transfer from operatiryg cash Cash Disbursements Principal payments Internst payments Fiscal agent's fee Total Cash Disbursements Cash and investments at end of year FORM J-26 Revenue Bond Debt Service 128 046 214,803 60, 000 154, 368 435 214,803 128 046 ~~=..~z CITY OF RICBF'IELD, MIIVNFSOTA N~NICIPAL GOLF COURSE Fi)rID CONIl~ARATIVE BALANCE SHEEP December 31, 1988 acid 1987 1988 1987 ASSETS Current Assets: Cash and t~oraxy cash investments S 112,778 $ 99,365 Accozants receivable 2, 569 4, 358 Due fr~tt °~r ~~~ 4,361 4,361 Inventory 42,448 28,173 Tom' Current ~~~ 162,156 _ 136, 257 Restricted Assets: Cash and investmexits Revenue bond debt service 304,156 294,611 Accxued interest receivable 7,410 _ 2,610 TOE' Restricted ~~~ 311,566 _ 297,221 ~'roper`tY and Ec~ta-ilxne~zt: 57,865 57,865 Biu.ldi.ngs 426, 722 415, 654 Office equipment 7,355 7,413 Machinery and egtuzt 253, 816 242,438 Qther 1~ts 1,400.727 1,362,640 2,146,485 2,086,010 Less aacxunulated depreciation _ 814,616 688,976 Net ~' and FR ~i ~~t 1,331, 869 1, 397, 034 1'°~- `~~~ $1, 805, 591 1, 830.512 ~~ -.~3 LIABILITIES AMID FU1~ID EOLTfTy G~arrent Liabilities (Payable from C~arrerit Assets) Aaoounts payable Aocxued salaries and employee benefits payable Aacxued interest payable - Sewer Utility F1u~d Contracts payable Total Current Liabilities (Payable from G~zt Assets) Current Liabilities (Payable from Restricted Assets); Aacxtaed interest payable Bonds payable (due in one year) Total Current Liabilities (Payable from Restricted Assets) Long-term Liabilities: Bonds payable (dine after one year) Advarra/ payable from Sewer Utility Rand Total Long-term Liabilities Total Liabilities Ftiuxl Equity: Contributed capital: City Retained Farni mss: Reserved for revenue bond retirement Unreserved Total Retained Earnings Total Rand ~ ~; ty Total Liabilities and Rand ~ ~; ty FORM J-17 1988 1987 S 15,038 S 15,585 17,341 12,578 642 17.940 32,379 46,745 10,503 11,004 55.000 __ 50,000 65,503 _ 61,004 920,000 975,000 55,000 920,000 1,030,000 1,017,882 1,137,749 579,689 579,689 246,063 236,217 38 043) _ (123,143) 208,020 113 074 , 787,709 692,763 1,805.591 $1,830,512 ~ ~~ CITY OF RICHFIELD, MINNESOTA FbRM J-18 MUNICIPAL GOLF OOOI.ZSE FUND COMPARATIVE STATEMEN'P OF REVENUES, EXPII~SES, AMID CHAS IN RETAINED EARNINGS For the Years Ended December 31, 1988 and 1987 1988 1987 Sales and Cost of Sales: User fees $880,645 $806,479 Sales of merchandise and coa~oession 115,125 135,618 Less oast of sales (64,104) 59 267) Gross Profit 931,666 882,830 Operating Personal services 359,454 324,412 C}ther services ar~d charges 155,649 124, 546 Supplies 92,895 102,081 Depreciation 128,905 109,905 Total Operating Expel~ses 736,903 660,944 Operating Incort~ 194, 763 221, 886 Nonoperating Revenues (Expanses): Interest 35,760 27,345 Storm disaster aid 7,476 Misoellar~eous ( 539 ) 1,001 Interest and fiscal charges (68,911) 74 893) Total Nonopexating Revenues (Ex~n~~) (33,690) 39 071) Irx~~e Before Operating Transfers 161, 073 182, 815 Operating Transfers (Out): General Rand (26,000) (25,000) ~~ Proaessiryg ~~ (12,230 ) Self Insurarx7e Fund 12 613 ) 11 906 ) Total Operating Transfers (Out) 50 843) 36 906) Net Insane 110,230 145,909 Retained Earnings (Deficit) - January 1 113,074 (223) Equity Transfers aut t0 Central Garage (15,284) 32 612) Retained Farni ~s - December 31 208 020 113 074 ~~ ~~ CITY OF RICHFIELD, MIAIl~OTA FORM J-19 MUNICIPAL GOLF COURSE FUND COMPARATIVE STATII~fP OF Cl3ANGES IN FINANCIAL POSITION For the Years Ended December 31, 1988 and 1987 1988 1987 Sources of Wow' ~ Capital Operations: Net ~ $110,230 $145,909 Item not requiring wow' ~ Capital: Depreciation 128,905 109 905 Working Capital Provided by Operations 239,135 , .255,814 Net incx~~,e in current liabilities payable from restricted assets 4,499 Disposition of equipment 1,198 101 Total SOVr+aPrs Of Wow; * ~ Capital 244,832 255, 915 Uses of Wow' ~ Capital Acquisition of property and equipment 80,222 82,916 Net decrease in current liabilities . payable fran restricted assets 500 Net irx~ease in restricted assets 14,345 8,973 Decxeage in long-term bonds payable 55,000 50,000 Decease in long-term advance 55,000 40,000 Total Uses of Wor3iiuxl Capital _ 204, 567 182, 389 Net Irxxea.9e in Working Capital 40 265 73 526 Elements of Net Increase (Decease) in Worki-n9 Capital: ~~ and investments 13,413 $ 93,296 ACCOiants receivable (1,789) 4,358 Due from other cgavernrnPnts 4,361 Inventory 14,275 2,141 Accounts payable 547 (13,511) ACCxued salaries and employee benefits payable (4,763) 355 Accrued internst payable 642 466 Contracts payable 17~ 940 17 940) Net Ir~xease in Working Capital 40 265 73 526 ~~ =~6 CITY OF RIClI~'IELD, MIAIIVESOTA FORK! J-20 N~NICIPAL GOLF COURSE FUND COMPARATIVE SCd~DiJLE OF OPERATING EXPII~SES For the Years Ended Dea~nber 31, 1988 and 1987 1988 1987 Personal Services: Salaries $317,109 $287,689 Interdepartrnerital labor 11,873 9,841 Retirement oontributians 23,437 21,216 Health and life insurance contributions 7,035 5,666 Total Persona]- Services 359 454 324,412 Other Services and Charges: Rents ar~d leases 64,209 63,978 Rental of land 17,955 Adves•tising and publications 1,760 1,887 Maintenance and repairs 14,698 8,755 Professional services 4,785 1,238 C~trnuiications 6, 015 5, 556 Travel and subsistence 3,208 3,802 Subscriptions and memberships 1,197 922 Utilities 20,507 17,098 Insurance, bonds, and licenses 21,315 21,310 Total Other Services and 155,649 124,546 Supplies: Office 1,060 2,019 Parts, tools, and supplies 91,835 100,062 Total Supplies 92,895 102,081 Depreciatioaz 128, 905 109, 905 Total Operating E~ 736 903 660 944 ~~-..~ 7 CITY OF RICEIF'IE:LD, MINNESOTA MUNICIPAL GOLF CO[JRSE FUND SC~ImtJLS OF CHANGES IN ASSE'T'S RFSTRICTID FOR REVIIVUE BOrID DEBT SERVICE For the Year Errled Deaembex 31, 1988 Cash and inv+estmPxits at beginnis~g of year Cash Receipts: Interest earnirygs: Iriv+estments Transfer from operatirx,~ cash Zbtal Cash Receipts Cash Disbursements: Principal payments Interest payments Fiscal agent's fee Total Cash Disbursements Cash and investments at end of year FORM J-21 Revenue Boryd Debt Service 294 611 9,545 115,702 125, 247 50,000 65, 522 180 115,702 304 156 ~~ -~3A' CITY OF RICd-IF'IELD, MII~IIVESO'PA ENTERPRISE FUNDS COMBINING SC~~JLE OF PROPERTY AND EQUIPI~N'.P For the Year Ended Deaelnber 31, 1988 Liquor Fund band Land improvements Building Parking area Other impr~vem~ents Fixtures Store equipment Office ern~;pment Total Water Fund Land Building Offioe equipment Machinery and equipment Other improvements Total Sewer Fund Land Buildings Offioe equipment ..Pumps and motors Other equipment Other improvements Total Municipal Golf Fund Land Buildings Office equipment N~achi.riery and equipment Ottler impravelments Total Storm Sewer Utility Fund Machinery and equipment Other improvements Total ~P~Y arx3 FR i i pment Balance Life-Years 1 1 88 Additions Deletions 33 10 10 10 10 12 10-28 5-10 5-20 17-67 $ 291,130 22, 527 1,161,025 45,567 68,575 148,267 100,981 __ 10, 845 1,848,917 44,500 1,468,519 5,889 2,963,119 6,464,087 $ 35,805 702 6,071 4,098 46,676 1,788 137,069 2,421 141,278 $$40,469 141,464 25,840 34,110 2,585 244,468 49,707 49,707 10-33 5-10 10 5-12 10-16 30 8 12 10-30 5 30 10,946,114 29,050 527,634 1,244 55,724 31,213 54,055 698,920 57,865 415,654 7,413 242,438 1,362,640 2,086,010 1, 624 2,293,539 _ 2,295,163 2, 837 22,018 11,400 36,255 11,068 31,067 38,087 80,222 58 19,689 19,747 8,815 8,815 322 737 Grand Total - Enterprise Funds $17,875,124 304 431 Acclamulated Deprec~ ation Net Balarx7e Balance Depreciation Balance Asset 12/31/88 1/1/88 Taken Deductions 12/31/88 Value $ 250,661 $ 250,661 22,527 22,527 1,055,366 $ 340,525 $ 32,613 $121,438 $ 251,700 803,666 19,727 43,490 470 25,840 18,120 1,607 35,167 44,986 4,722 31,637 18,071 17,096 148,267 69,098 8,236 77,334 70,933 104,467 56,095 11,351 2,511 64,935 39,532 14,943 9,205 551 9,756 5,187 1,651,125 563 399 57 943 181 426 439 916 1 211 2 , , , ., , , 09 _ 44,500 44,500 1,468,519 1,179,540 51,354 1,230,894 237,625 7,677 5,244 195 5439 2,238 3,050,481 1,115,746 111,878 3,497 1,224,127 1,826,354 6,466,508 1,405,708 63,366 1,469,074 4,997 434 11,037,685 3,706,238 226,793 3~ 497 3,929,534 , 7,108,151 29,050 29,050 527,634 212,112 19,139 231,251 296,383 4,081 1,088 85 1,173 2,908 55,724 47,917 2,180 50,097 5,627 53,231 16,246 3,488 19,734 33,497 65,455 36,887 1,719 38,606 26 849 735,175 314,250 26,611 340,861 _ , 394,314 57,865 57,865 426,722 106,626 16,388 123,014 303,708 7,355 4,825 1,082 54 5,853 1,502 253,816 137,288 28,445 3,211 162,522 91,294 1,400,727 440,237 82,990 523.E 227 877 500 2,146,4$5 688,976 128,905 3,265 814,616 , 1,331,869 1,624 781 325 1.,106 518 2,284,724 38,059 76,157 114,216 2 170 508 2,286,348 38,840 76,482 115 322 , , 2 171 026 , , , 17,856,818 5,311,703 516 734 188 188 5,640,249 12,216,569 ~~-~ - ~~. CITY OF RICEIF'IEII), MIAIlVESO'I'A FORM J-4 MUNICIPAL LIQUOR FUND COMPARATIVE BALANCE SHEEP DecernbPx 31, 1988 and 1987 1988 1987 ASSET'S Current Assets: Cash and temporary ~h investments $ 492,839 S 278,850 Aaaounts receivable 91,781 91,375 Due from other governments 192 192 Inventory 411 771 376,549 Total G'tiar-rent Assets 996, 583 746, 966 Property ar~d ~ ~; pment: ~~ 273,188 313,657 Buildings 1,055,366 1,161,024 Office equipment 14,943 10,846 M~~Y and equiFn~ent 252,734 249,248 Other ; ~rnts 54,894 _114,142 1,651,125 1,848,917 Less acc~miulated depreciatian 439,916 563,399 Net Property and Frn ~i p~rlt 1, 211, 209 1, 285 518 Total Assets X2,207,792 2,032,484 LIABILITIES AND FU1~ID EOUITY Current Liabilities: Accounts payable S 116,970 S 277,984 Aacxued salaries and employee benefits payable 59,326 58,790 Deferred revenue 20,000 Total Currexit Liabilities 176,296 356,774 Fund Frn ~i ty: Retained ean~i.ngs Reserved for capital imp~rovP.ment 355,000 Unreserved 1,676,496 1,675,710 Total Retained F~rni ~s 2,031,496 1,675,710 Total Liabilities and Fund Equity $2,207,792 $2,032,484 ~fp / / CITY OF RICEIF'IELD, MINNESOTA MUNICIPAL LIQUOR FUND OOMPARATIVE STATII~VT OF REVEN[JES, EXPENSES, AND Q~ANGFS IN RETAINED EARNINGS For the Years Ended Dumber 31, 1988 and 1987 1988 Sales and Cost of Sales: ~-~ S6, 048, 630 Less cost of sales (4,791,456) Gross Profit 1, 257,174 Operating Personal services Other services and charges Supplies Depreciation Total operating ExpensP„s Operating Income Norx~perating Revenues (E~ipexLSP_s) : Interest Commissions Gain on sale of property and equipment Miseellarveous revenues Miscellaneous e~ipenses Total Nonoperating Revenues (E~per~ses) Income Before Operating Transfers Operating Transfers (Out): Genexal Fund Special Revenue Fund Data ProaP.ssing Fund Self Insurance Fund Total Operating Transfers (Out) Net Irx7ome Retained Farli~s - January 1 Retained Farni ~s - Deoernber 31 472,877 262,879 27,766 57,943 821, 465 435, 709 53, 681 6,883 255,059 11,362 (6,452) 320,533 756, 242 (72,280) (300,000) (5, 470 ) (22,706) !400,456) 355,786 1,675,710 52,031,496 FORK! J-5 1987 $5,800,621 (4,654,168) 1,146,453 456,824 273,228 25,572 48,636 804,260 342,193 48,864 4,730 6,230 (5,431) 54,393 396,586 (69,250) (300,000) (22,881) (392,131) 4,455 1,671,255 1,675,710 ~~~~z~ Sources of Working Capital• Operations: Net irx.~ie Item nit requiring vaorkisyg capital: Depreciation Working Capital Provided by Operations Disposition of equipment Total Sources of Work3rr3 Capital Uses of Working Capital• Acquisitioaz of property and equipment Net Ir~xease (Decrease) in Working Capital Elements of Net Irxxease (Decrease) in Workirx3 Capital: Cash and investments Accounts receivable Due frcm other gaverrynents Inventory Accounts payable Accxued salaries and employee benefits payable Coa~tracts payable Deferred revenue Net Increase (Decrease) in Working Capital CITY OF RIC~IELD, MII~IlVESOTA M(1NICIPAL LIQ[JOR F[JI~ID COMPARATIVE STATII~NT OF C~iANGES IN FINANCIAL POSITION For the Years Ended Deoe~nbE+x 31, 1988 ar~d 1987 1988 $ 355,786 57,943 413,729 63,042 476,771 46, 676 $ 430, 095 S 213,989 406 35,222 161,014 (536) 20.000 430 095 FORM J-6 1987 $ 4,455 48,636 53,091 3,566 56,657 428,899 $(372,242) $(483,705) 82,358 192 (10, 633 ) (18,893) (9,451) 82,890 (15,000) 372 242) ~~-yam CITY OF RICHFIELD, NIII~IlVESOTA MUNICIPAL LIQKJOR FUI~ID COMPARATIVE SCl~IJI~ OF REVENUES AMID EXPIIVSES BY STORE For the Years Ended December 31, 1988 and 1987 Sales Cost of Sales: Inventory, January 1 Purrl~ases Total M?rrha*~~se Available for Sale Less: Inventory, December 31 Cost of Sales Gross Profit oar Sales Percentage of Gross Profit to Sales Less: Operating Expenses Operating Income Before Depreciation Less: Depreciation Operating Irycome Nar~operating Revenues (Expenses): Interest - investments Commissions Rents Refunds Gain oar sale of property ar~d equipment Bad checks Cash loaxs (short) Total Nonoperating Revenues (EXPO Net Irx~ie Before Operating Transfers All Stores 1988 1987 56,048,630 55,800,621 376,549 387,182 4,826,678 4,643,535 5,203,227 5,030,717 .411,771 376,549 4,791,456 4,654,16$ 1,257,174 1,146,453 20.8$ 19.8% 763,522 755,624 493,652 390,829 57,943 48,636 435,709 342,193 53,681 48,864 6,883 4,730 50 50 11,312 4,304 255,059 1,876 (5,689) (4,379) (763) (1,052) 320,533 54 393 $ 756.242 $ 396,586 ~~ ~y E}~iIBIT J Lynda le Store Cedar Store Perm Store 1988 1987 1988 1987 1988 1987 $2,263,519 52,191,287 52,055,119 $1,969,269 $1,729,992 51,640,065 158,529 146,358 125,736 139,491 92,284 101 333 1,824,733 1,786,598 1,628,418 1,572,773 1,373,527 , 1,284,164 1,983,262 1,932,956 1,754,154 1,712,264 1,465,811 1,385,497 166,375 158,529 143,639 _ 125,736 101,757 92,2$4 1,816.887 1,774,427 1,610,515 1,586,528 1,364,054 1,293,213 446,632 _ 416,860 444,604 382,741 365,938 346,852 19.7$ 19.0 21.6$ 19.4$ 21.2$ 21.1$ 277,096 279,553 254,737 253,718 231,689 _ 222,353 169,536 137,307 189,867 129,023 134,249 124 499 16,810 16,368 30,769 21,660 10,364 , 10,608 152,726 120,939 159,098 107,363 123,885 113,891 17,838 13,597 22,209 25,088 13,634 10 179 1,395 1,803 2,592 1,685 2,896 , 1 242 50 50 , 187 1,590 11,112 1,536 13 1,178 255,121 1,925 (62) (49) (2,533) (1,906)- (2,206) (1,774) (950) (699) (377) '(319) (504) (713) 118 (20) 16,560 14,815 .288,324 27,747 15,649 11,831 169.286 135,754 447.422 _ 135,110 139.534 125,722 .~~ ~~ CITY OF RICl~'IELD, MCAII~ESOTA MUNICIPAL LIQ~R Fi)1~ID COMPARATIVE SC!-~DUL~ OF OPERATING EXPIIVSES BY STORE For the Years Ended Decembex 31, 1988 and 1987 All Stores 1988 1987 Personal Services: Salaries - regular employees 5412,402 5394,703 IntexdeparbnPntal labor services 6,340 12 757 City contribution to PERA and FICA 38,405 , 34,908 Hospitalization and insurarx7e 15.730 14,456 Zbtal Pexsor~al Services 472, 877 456, 824 Othex Services arx3 Char~,s: Rents and leases 17,343 35 986 Advertising and publications 77,864 ,. 55,260 Maintenance and repair 7,467 17,999 Expert and professional services 20,805 10,696 Comrrnu~rcatioa~ and travel 10,145 14, 693 Subscriptions and memberships 1,525 1,048 Utilities 31,346 30,880 Insurance, bonds, taxes, and lioens~-s 86,105 99 732 Other contractual services 10,279 , 6,934 Total Other Services and Charges 262,879 273,228 Supplies: Office supplies 3,325 2 433 Small tools and minor equipment 20,734 , 18,532 General supplies 3,707 4,607 Total Supplies 27,766 25,572 Total Operating Expenses Excluding Depreciation 763,522 755,624 Depreciati°az 57, 943 48, 636 Total Operating Expenses Including Depreciation 821 465 804 260 ~~- EXEiIBIT J-1 Lyndale Store 1988 1987 Cedar Store 1988 1987 Penn Store 1988 1987 $146,196 $144,752 $139,644 $129,872 $126,562 $120 079 3,194 4,245 1,561 5,980 1,585 , 2 532 12,414 12,135 12,774 10,772 13,217 , 12 001 5,344 4,860 4,690 4,338 5,696 , 5,258 167,148 165,992 158,669 150,962 147,060 139,870 5,841 12,188 5,907 12,073 5,595 11 725 25,952 18,018 25,960 19,602 25,952 , 17 640 2,380 6,889 4,252 5,806 ~ 835 , 5 304 6,043 3,596 4,842 3,953 9,920 , 3 147 3,766 3,430 3,427 7,928 2,952 , 3 335 506 350 507 353 512 , 345 15,496 15,988 9,164 10,817 6,686 4 075 34,563 39,740 28,054 30,456 23,488 , 29 536 3,398 2,257 5,303 3,071 1,578 , 1,606 97,945 102,456 87,416 94,059 77,518 76,713 1,441 1,249 1,281 701 603 483 9,369 8,417 5,843 5,587 5,522 4 528 1.193 1,439 1,528 2,486 986 , 682 12,003 11,105 8,652 8,774 7,111 5,693 277,096 16,810 279,553 16,368 254 737 30,769 293 906 295 921 285 506 253,795 21,660 275 455 231,689 10,364 242 053 222,276 10,608 232 884 .~-~_ ~~ CITY OF RICE~'IELD, P~I~IIVESOTA INTERNAL SERVICE FUNDS COI~INIIVG SC~~DUI,E OF PROPERTY AND EQUIPN~3VT Far the Year Ended Dea~nber 31, 1988 Property and Fs ,; pment Balance Life-Years 1 1 88 Additions Deletions Central Garage and ~~pmsnt Fund Office equipment 10 $ 2;672 N1a ~n~ and equipment 10-20 2,711,502 369 959 161 547 2,714,174 369,959 _ 161,547 Data_ Processi Builclin9 ~P~ts 8 4, 635 Office equipment 5-10 6,459 531 M~~Y and egtaip~rent 8 448, 288 259, 548 Othex improvements 10 2, 556 ~~- 461,938 260,079 Central Services Fund Office equipment 5 125 ~~~' and equipment 5 41,539 465 Other-r improvements 10 1,318 1'°~- 42, 982 465 Total -All Internal Service Funds 3.219.094 630 503 161 547 '% - ~~ FO1~I K-4 Balance 12/31/88 $ 2,672 2,919,914 2,922,586 4,635 6, 990 707,836 2.556 722,017 1'roA~Y and Fs ,; pment Balance Depreciation 8~, _1 1 88 Taken Deductions 12/31/88 $ 1,671 $ 301 $ 1,872 1,207,576 310,919 147 847 1,370,648 1,209,247 311,220 147,847 1,372,620 4,635 5, 658 136,876 1,359 148,528 422 112,415 27T 113,114 4,635 6, 080 249,291 1, 636 261, 642 Net Asset Value $ 700 1,549,266 1,549,966 910 458,545 920 460,375 125 10 42 52 73 42,004 28,500 4,779 33,279 8,725 1,318 663 144 807 511 43,447 29,173 4,965 34,138 _ 9,309 3,688,050 x,386,948 $429,299 147 847 1,668,400 x,019,650 ~~~~~ CITY OF RICEIF'IELD, MII~IlVFSO'PA FORM K-5 PERMANENT IMPROVII~IVT REVOLVIIUG FiJI~ID CC~ARATIVE BALANCE SIP December 31, 1988 arxi 1987 1988 1987 ASSETS Current Assets: Cash aril temporary cash investments $800,094 $682,810 Accounts receivable 655 470 Special assessments receivable: Current 58,308 78,114 Deliiyquent 4, 423 4, 781 Due from other funds: Capital ~J~ ~~ 74,865 107,837 ~~-~-5 12, 414 15, 680 't'otal Assets 950 759 889 692 FUND DOUITY Retained Earn-isxls: Unreserved: Designated for pern~anPnt working capital $ 78,139 $ 78,139 Designated for work-in-process 12,414 15,680 Ur~designated 860,206 795,873 Total Retained EalniIygs 950,759 889,692 Total ~~ ~';tY 950 759 889 692 ~~ ~~ CITY OF RICFIFIELD, MII~IlVESOTA PEES~NIIV'I' INIP~ REVOLVING FUND C~ARATIVE STATII~3VT OF REVENUES, EXPENSES, AND C~iANGFS IN RETAINED EARNINGS For the Years Ended December 31, 1988 and 1987 1988 Operating Res: Special assessments certified Operating Expenses: Other services and charges: Shade tree program Alley ma i.ntenar~ae Other Total operating Expenses Operating Loss Nonoperating Revenues: Interest: Investments T~nporary Leans: Shade tree program Capital Project Funds Certified on special assessments Total Noryoperating Revenues Net Inao[ne Retained Earnirygs - January 1 Retained Eanzings - Decx~nbex 31 20 478 10,501 9,977 6,535 27,013 6 535) 57,174 264 3,521 6,643 67,602 61,067 889,692 950 759 FORK! K-6 1987 26 231 14,394 11,837 53 26,284 (53) 40,855 474 12, 565 9.241 63,135 63, 082 826,610 889 692 ~~-~% CITY OF RICFIFIELD, MIAIIVFSOTA PERMANENT INg'ROVII~P REUOLVII~IG FU1~ID OCD~ARATIVE STA'PII~fP OF CHANGF~ IN FINANCIAL, POSITION For the Years Ended Deoembex 31, 1988 and 1987 $Ol.LY1pe.S of Wor}~ryg Capital. 1988 Opexatior~s: Net inoo~[~e Total Sourryes of Workirx~ Capital Net IrXxease in Wbrkir~g Capital Elements of Net Increase (Decrease) in Workirx~ Capital: Cash and inves-l~nents Aaaaiuzts receivable Special assessments receivable Due from other funds Work-in-process Net Increase in Wbrkiryg Capital 61 067 61,067 61 067 5117,284 185 (20,164) (32,972) 3 266) 61 067 FORM K-7 1987 63 082 63.082 63 802 $124,727 470 (17,567) (36,965) 7 583 ) 63 082 ~~ -~.2 CITY OF RIC[I~'IEID, MIAIl~OPA FORM K-8 CENTRAL GARAGE AMID EQ~IJIPN~Fr Fi71~ID CONIl~ARATIVE BALAI~K~ SI~r Decx~ibex 31, 1988 and 1987 1988 1987 ASSETS Current Assets: Cash and temporary cash inv~es~-nts $1,517,753 $1,357,192 Acoo~ants receivable 543 260 Due from other funds: Holasing and Reclev~elopment Authority 234 140 Due from other governments 6, 422 416 Inventory - materials and supplies 18,795 20,993 Total Current Assets 1,543,747 1,379,001 Property and ~iLxnent: Office equipment 2,672 2,672 M~1' and equipment 2,919,914 _ 2,711,502 Less aa~nulated 2,922,586 2,714,174 depreciation 1,372,620 1,209,247 Net ~'D' ar~d Fz ~i I.~[ileTlt 1, 549 966 1, 504, 927 Total Assets 3,093,713 2,883,928 LIABILITIES AMID F[J1~ID EOilITY Gt~rrent Liabilities: Accotiunts payable S 7,666 $ 11,280 Accxued salaries and employee benefits payable 14,640 14,613 Due to other g~overrnients 123 Total C~arr~nt Liabilities 22,429 25,893 Fund ~ ~; ty: Contributed capital: ~~' Federal grant 1,178,376 1,048,160 State grant 31,598 27,917 31,598 27,917 Total Contributed Capital 1,237,891 1,107,675 Retained earnings: Reserved for fire trttick replaaetn~,nt 186, 397 173 249 ~ for oatm~ication equipment IJr ' d 114,251 , 138,726 ar eserve 1,532, 745 1,438, 385 Total Retained EarnlllgS 1.833, 393 _ 1, 750, 360 TOE' ~~ ~~tl' 3, 071, 284 2, 858035 Total Liabilities and Rand Er~~;ty 3,093,713 2,883,928 G ~~ CITY OF RICfiFIELD, NLII~IIVE5O'rA FORM K-9 C~3VTRAL GARAGE AMID EQUIPNlEIV'P Fi)I~ID COMPARATIVE STATII~[VT OF REVIIV[JES, EXPII~SES, AMID CHAS IN RETAINED EARNINGS For the Years Ended DeoembP.r 31, 1988 and 1987 1988 1987 Operating Revpxiues Charges for services: Billings to departmP.nts arxi City projects $ 689,843 $ 747,286 Operating Expens~.s: Cost of materials used: Inventory -January 20,993 21,384 ~~~ 139,618 139,131 TOE 160,611 160,515 Invpxitory - DecezN~x 31 (18, 795) _ (20, 993 ) Total Cost of Materials Used 141,816 139,522 Other' Operating Costs: Salaries and images 116,308 107 926 Retirnt contributions 13,946 , 13,264 Health ar~d life insurance contributioa~s 8,089 7,532 ~~ and leases 30,357 14,653 ~~- maintenance and re 26, 393 20, 586 Travel and subsistence 4,144 3,011 Insurance and boards 36, 374 33 668 Supplies 11,530 , 11,218 Depreciation 311,220 291 770 Total Other Operating Costs 558,361 , 503 628 Total Operating Expenses _ 700,177 , 643 150 Operating Irx~ane (Loss) (10,334) , 104,136 Nonoperating Revenues: Interest 107,069 84,805 Gain cal sale of assets 19,253 40,013 R~eaav+ery -damage to City Property 4, 633 560 Storm disaster aid 712 Total Nonoperating Revs'-rn.~es 130,955 126 090 Irycottte Before Operating Transfers 120, 621 __ , 230, 226 Operating Transfers In (put): ~ Rand (16, 450) 18 550 Special Revenue Fund , 30 000 Self ~~~ ~~ (21,138) , (20 890) Total Operating Transfers (37,588) , 27,660 Net Inccme 83,033 257,886 Retained Farni ~s - January 1 1,750,360 1,492,474 Retained Earnings - Deaembpr 31 1,833,393 X750.360 ~~-s CITY OF RIC~'IELD, MINNFSO'PA FORM K-10 CENTRAL GARAGE AND DQiJIPMEN'P FUND CQMPARATI:VE STATII~IV'P OF CHAD 1N FINANCTAT, P06ITION For the Years Ended Dece~nbex 31, 1988 and 1987 Souses of Working Capital• 1988 1987 Operations: Net ~ $ ~, ~3 $257 886 Item not requiring vaorkirrJ capital: , Deprec_~ation 311, 220 291, 770 ~'~~J Capital Provided by Operations 394,253 549,656 Contributed capital incxeaged: ~~' Disposition of equipment 130, 216 13,700 91,004 21,588 'T'otal SouzY7es of Working Capital 538,169 662 248 Uses of Working Capital• Acquisition of propcrty and equipment 239,743 310 485 Property and equipment transferred from: , Water Utility Fund 46,844 Municipal Golf Course Fund 15,284 35 739 Genera]' Fixed Assets 68, 088 , _ 58, 393 Total Uses of Working Capital _369,959 404,617 Net Increase in Working Capital 168 210 257 631 Elements of Net Increase (Decrease) in Workiryg Capital: ~~ and inves~ents $160,561 $231 021 Accounts receivable 283 , 260 Due from other funds 94 140 Due from other goverrYnents 6,006 416 Inventory (2,198) (391) Accounts payable 3,614 26 933 Accrued salaries and employee , benefits payable (27) (748) Due to other its (123) Net Increase in Working Capital 168 210 257 631 ~-~ ~ ~~ ~ CITY OF RICl~'IELD, MII~IlVESOTA DATA PROCESSII~TG FUI~ID C~ARATIVE BALAI~ SI~'r Dec~nber 31, 1988 and 1987 FORM K-11 1988 1987 ASSETS Current Assets: Cash and temporary cash investments $ 62,565 $ 55,952 Accotuzts r~_.ivable 439 9, 705 Due from other ftux3s: Housing' and Redevelopment Authority of Richfield 990 945 Due~fran other gaverYments 1,789 1,789 tom' 1, 525 3, 628 mOta~' Current Assets _ 67, 308 72.019 ~P~`tY and EcNi.Ixt~xit: ~~; ldir~g its 4, 635 4 635 Office equipment 6,990 , 6 459 Machir~exy and ~w-t ~~ ~rnwements 707, 836 , 448, 288 2,556 _ 2,556 Less a~acxurnilated depreciation 722,017 261 642 461,938 , 148 528 Net Property and ~~,pment 460,375 313,410 Total Assets 527 683 385 429 LIABILITIES AMID Fil1~ID RQ[7ITy Current Liabilities: Accoiuzts payable S 8, 016 S 9 080 Accrued sa_7-cries and employee benefits payable 17,552 , 13,856 Total. Current Liabilities 25, 568 22, 936 Long-teen Liabilities: Long-term advance -Water Utility Fund 160 000 Fund Equity; Contributions: City Retained earnings: 12,842 12,842 Unreserved _ 329, 273 _ 349, 651 Total Fund Equuty _342,115 _ 362 X493 Total Liabilities and Fund ~~;t~, 527 683 385 429 ~~f~"~ CITY OF RICHFIELD, MINNESOTA FORM K-12 DATA PROCESSIING FUND CQMPARATIVE STATII~r OF REVENUES, EXPIINSES, AND CHAD IN RETAINED EARNINGS For the Years Ended December 31, 1988 aryl 1987 1988 1987 Operating Revenues: Charges for services: Ec~~;pmP.nt rental 5140,182 $125,224 Professioa~a7. services 94, 062 120, 743 Total Operating Revenues _ 234,244 _245,967 Operating ~: Cost of materials used: Inventory - January 1 3,628 1,483 p~ 1.437 _ 2,853 Total 5,065 4,336 Inventory - Deceznbex 31 1 525) 3 628) Total Cost of Materials 3,540 708 Other Operating Salaries and 92,957 63 267 Retirement corytributiarys 13,830 , 9 491 Health and life insurance coa~tributiorys 6, 347 , 4 319 Frn ~ i p~xit rentals 2,801 , 15 790 Expert and professional services 1,196 , 30 948 Insurance and boryds 2,491 , 2 476 Contractual maintenance aryl repairs e ~ 34,271 , 27,730 ~ ' Supplies 4,161 6, 950 Deprec~at~ory 9,087 113,114 5,333 80 536 Total Other Operating Expexyse„S 280.255 , 246 840 Total Operating ExpPri~a~ _283,795 , 247 548 Operatir~g Loss 49 551) , 1 581) Nonoperating Revenues: Interest Insuraryce ~~~ 4, 920 4, 337 Storm disaster aid 41, 655 Gain on sale of assets 210 3,067 Total Nc~ryoperating Revenues 5,130 _ 49,059 IrycotYte (Loss ) Before Operating Transfers 44 421) 47, 478 Operating Transfers In (Out): Enterprise Funds 25 790 Self Insuraryoe Fund Total Operating Transfers , (1,747) 24 043 1 544) , 1 544 ) Net IrycaY~e Loss ( 20, 378 ) 45, 934 Retained Earnux3s - January 1 _349,651 303.717 ~~~ Fermi rygs - ~~ 31 329 273 349 651 ~~ ~~ CITY OF RICEIF'IE~:,D, MINNESOTA FOFd~I K-13 DATA P'ROC,ESSING Ft)1~ID CCN~ARATIVE STATII~VT OF CHANGES IN FINANCIAL P'06ITI0N Far the Years Erx3ed Deae~nbex 31, 1988 and 1987 Sources of Wor}~xyg Capital • 1988 1987 Operations: Net ~ryoome (loss) $(20,378) $ 45 934 Item riot requiring working capital: , Depreciation _113,114 80,536 ~ Capital Priovided ~' Operations _ 92,736 126,470 Long-term advarx,7e 160,000 Total Souroes of Working Capital 252,736 126,470 Uses of Wbrkitxl Capital: Acquisition of properly and equipment _ 260, 079 _ 134, 785 Total Uses of Working Capital _260,079 134,785 Net Decx'ea~e in Working Capital 7 343) 8 315) Elements of Net Irrxease (Decrease) lri y~O7~l Tyg ~pital Cash and 1sYV~estments Accounts receivable $ 6, 613 $ (34, 210 ) Due frcat Housing and R~nelopmexit Authority (9,266) 45 9,705 Due from other 9~ts Inventory (2,103) 1,789 2 145 Aacaunts payable Aacxued salaries and employee benefits payable 1,064 3 696) , 16,490 4 234) Net Decrease in Working Capital (7.343) 8 315) ~~-~~ CITY OF RIC~IELD, NlIAIlVE$OTA FORM K-14 CENTRAL SERVICES FUND OCND?ARATIVE BALANCE SE~E'P Deaembex 31, 1988 and 1987 ASSETS 1988 1987 Ctarrexit Assets Cash Aaooiuits receivable 542, 922 $32, 708 Due fran other funds: 160 Housing and Redevelopment Authority of Richfield Due from other gets 1,456 1,137 Inventory 1,246 1,246 13,165 13.783 Total Current Assets _ 58,789 49,034 Properly and ~i.Ianent: Office equipment Nfa~chinery and equipment 125 125 Other impr~ients 42.004 41,539 1,318 1.318 Less aocutrnilated depreciation ~• `~7 42, 982 Net ~ and ~''i~~t 34.138 _ 9 , 309 _ 13, 809 ~t~ Assets 68 098 62 843 LIABILITIES AND FU1~ID EC7~nTY Current Liabilities: Aoaounts payable Aacxued salaries and employee benefits payable $ 2,822 $ 2,164 5,767 _ 5,199 Total Current Liabilities 8.589 - 7 363 Fund Equity: Contributions: City Retained earnings: U 19,477 19,477 r~eived _ 40~ 032 36.003 Total Ftu~d ~ ~; t~, 59,509 55, 480 Total Liabilities and Fund Equity 68 098 62 43 ~ .8 CITY OF RICE~'IELD, Mz~~rA CENTRAL SERVICES FUI~ID OCr~ARATI:VE STATII~fI' OF R~'VEN[JES, EXPII~ES, AND C~iANGES 1N RETAINED EARNINGS For the Years Ended Deaeinber 31, 1988 and 1987 ~~ ~~ F1DRM K-15 Operating Revenues: 1988 1987 Ct~az~es for sexvoes Printing services Labor services $ 20,455 S 21,482 Office sexvioes: 10,699 5,441 Office supplies Copyiryg services 26,174 25, 826 p~tage seruic~es 46, 070 43, 296 Total Operating Revenue _ 40,899 35,225 _144,297 131,270 t~9 .s: Cost of materials: IrYVentoxy - January 1 13 783 purchases: , 11,875 Office supplies Copying services 26,172 28,610 p services 6, 929 6,178 Total Materials Available for Resale - 40,458 31,220 Less Inventory - D,r 31 87, 342 77, 883 'T'otal Cost of Materials 13.165 _ 13.783 - 74,177 _ 64.100 Other Operating ~~; Salaries Retirement contributions 26,817 25,557 Health and life insurance contributions ~ 3,232 2 078 2 820 ~ and leases , 1,925 Insurar~ae and boax9s 22.497 11,215 Contractual maintenance and repairs 958 901 Genexal expenses 3,086 497 Supplies 1,684 1,779 Depreciatioa~ 2,186 1, 880 Total Other Operating E~ r~ses 4,965 9,633- . Total Operating Expenses 67,503 56,207 , Op~.at~g Inaatie _141.680 120.307 2.617 10,963 s ating Revenues (Expenses); t I Storm discs-tex, aid 2, 926 1, 724 Gain on sale of assets 2,136 Interest 832 Total- Norioperating Revenues (mss) 2 926 - l 716 ) - , - 3.976 IrxSane Before Operating Transfer - 5•~ - 14.939 Operating Transfer (Out): Self ~~~ Fund 1 514 1 148) Net Inocme 4,029 13,791 Retained Earnings - January 1 - 36,003 _22.212 Retained Earnings - Deaetnber 31 40 032 36 003 ~-~a CITY OF RICI-~TELD, MINNESOTA FARM K-16 CaVTRAL SERVICES FUl~ID CXx~ARATIVE STATII~IV'P OF Q IN FINANCIAL POSITION Far' the Years ceded Deoeitiber 31, 1988 and 1987 Sourr~es of Woxk~ryg Capital. 1988 1987 Operations: Net incortie Item not r~equ.iring working capital: $ 4, 029 513,791 Depreciatioa~ 4, 965 9,633 9 Capital Provided by Operations 8 994 , 23,424 Dispositiari of equipment _ 10,183 Total Sources of Wbrkiryg Capital 8 994 , - 33.607 - Uses of Working CaDital•• Acquisitioa~ of prnpez-t,~, a~ equipment in loa~g-term liabilities 465 4,065 6,969 Total Uses of Working Capital, 465 11.034 Net Irxxea.~e in Working Capita]- 8 529 ~- 22 573 Elements of Net Increase (~) in y~,.~' ~ vital ~~ and ~v+estments Accounts receivable 510, 214 514,668 Due from other funds (160) (402) Due from other gavernnents 319 (1,083) Inventory 1,246 Accounts payable (618) 1,908 Aacxued salaries and employee benefits Payable (658) (lg) Capital lease obligatioa~ (568) (987) 7.241 Net Ir~se in Workiryg Capita]- 8 529 22 573 ~- ~i CITY OF RICI~'IELD, NIINNESO'rA FORM K-17 SELF Irk FU1~ID ~'ARATIVE BADE SHE~r Deo~nber• 31, 1988 and 1987 ~~ 1988 1987 Curr~.nt Assets: ~ cash ~~~ Aaaounts ~~ . $1,026,063- $907,486 Total ~t pets -- - 3.872 LIABILITIES AND FU1~ID F7CR 1 026 063 911 358 JITY Current Liabilities: benef>_ts PaY~le Due to other dents: $ 423 546 ~ $567 886 State of ~nesnta , Total Current Liabilities 23 855 _456 Fund Equity; 447 401 568.342 ~Ihzresexvs Total Retained Eami~s and Fund Egtaity 578 662 343.016 Total Liabilities and Aland Equity 578 662 343.016 1 026 063 911 358 ~~- ~.z CITY OF ~CHFIELD, MINN~r A SELF INSURA~ FU1~ID CCD~ARATIVE STATII~NT OF Fes, EXPENSES, AMID Q~ES IN RETAINED EARNII~IGS For the Years Ended December 31, 1988 and 1987 FnRNi K-18 1988 1987 Operating Revenues: Charges far' services ~p1oY'~s' aontributioaz 17 508 15 352 Zbtal Operating Revenues _ 17.508 15.352 Operating „~; Expert and professional services E~loyee benefits, workers- cation, and other claims 18,888 15,238 Insurance and bends 209,426 274 987 29.645 _25874 Total Operating Exmn~mc 257.959 3~9 Total Operating Loss (240-451) (300 747 ) --- ~ronoperating Revenues: -~- Interest Claims and refunds 72,619 55 329 82.558 X515 Tom- Nonopexating Revenues _155.177 106.844 Loss Before Operating Transfers (~) 193 903 --5-~ ) Operating Transfers In: - General Fund Haile Service Fund 223,948 202,020 Liquor Fund 570 Water Utility Ftiux3 22,706 22,881 Sewpx Utility Fund 23,279 22,644 Golf Course Fund 13,005 10,766 Storm Sewpx Utility Fund 12,613 11,906 pment Ftaryd 138 Data Processing ~~ 21, 20 890 Central Services Fund 1,747 1,544 1.514 1.148 Total Operating Transfers 320.920 294,199 Net Inocxne 235,646 100,296 ~t~-ned Earnings - Januarl, 1 343.016 242~p Retained mornings - Deegnber 31 578 662 ~- 343 016 ~~_~,~ CITY OF RIC~'IELD, MIrIlVFSpTA SELF INSURANCE FUND C~'ARATIVE STATII~]T OF Q~A~ IN FINANCIAI, POSITION For the Years Etxled D~nber 31, 1988 and 1987 SouraPS of Wor]~r~q Capital. 1988 Operations: Net income Net Irr~ease in Workiryg Capital Elements of Net Incxease (Detxease) in Working Capital Cash and investments Accounts receivable Aaao~uzts and benefits payable Due tb other 9ov+errYnents Net Irycxea.Se in Working Capital 235 646 235 646 $118,577 (3,872) 144,340 23 399) 235 646 FORM K-19 1987 100 296 100 296 5137,710 (987) (38,495) 2,068 100 296 ~~ CITY OF RICHFIELD, MINNESOTA Council Letter No. 84 Agenda April 10, 1989 Issue Statement: City Council adoption of a resolution electing to designate certain bonds issued in 1986 as "qualified tax-exempt obligations". Background• One of the•many features of the Federal 1986 Tax Reform Act was a provision dealing with the ability of financial institutions owning municipal bonds to deduct a percentage of the interest expense connected with that ownership. The new law limited this deduction to those bonds of issuing governmental units that issued less than $10,000,000 in any calendar year and designated the bonds for that purpose (bank qualified bonds). In 1986, the City issued a $2,525,000 General Obligation Storm Sewer Revenue Bond, Series 1986A. When those bonds were issued, they were designated as bank qualified bonds pursuant to language in the congressional bill under consideration at that time, H.R. 3838. However, when the provision was actually passed with an effective date of August 8, 1986, the numbering of the relevant section was changed. Congress apparently feels that it is necessary for issuers of bank qualified bonds to redesignate the bonds under the new code section and a provision to that effect was incorporated in the Technical and Miscellaneous Revenue Act of 1988. Because in the resolution authorizing the original sale and issuance of the bonds in 1986 the City promised to do whatever it could to preserve the tax exempt status of the interest on the bonds and the bank qualified designation, it is important that the election 'to redesignate the bonds be made. Thus, a resolution to that effect is included with this council letter for review and recommended adoption. The Treasury Department has offered no guidance as to the disposition of the election resolution. Presumably, it would be filed with the I.R.S at some point. In the mean time, a certified copy of the resolution would be filed with the bond transcript and, if a future filing with the I.R.S. is required, that would be done. Recommended Motion: Adopt the resolution electing to designate certain bonds issued in 1986 as qualified tax exempt obligations. Basis For Recommendation: 1. While the City issued its $2,525,000 General Obligation Storm Sewer Revenue Bonds, Series 1986A, the Federal Tax Reform Act of 1986 was pending with a retroactive effective date. ' 2. When the bonds were issued, a designation was made that it intended or otherwise declared the intention to qualify the bonds as bank qualified bonds. ~r i 3. The City covenanted to take all necessary steps to maintain that designation. 4. The Federal Technical and Miscellaneous Revenue Act of 1988 states that an election must be made by resolution for such bonds to maintain their tax exempt status. 5. There is no cost to the City to make this election. Alternative Recommendation: None. This matter has been thoroughly reviewed by the City Attorney's office. It is the City Attorney's opinion that the City made a commitment in the original bond issue to maintain the tax exempt status of these bonds and, as such, must follow through with that commitment. Discussion/Decision Mode: It is recommended this action be taken at the April 10 City Council meeting so that this clerical matter may be concluded as quickly as possible. Respectfully submitted, Jame D. Prosser Cit Manager JDP:eja ~~ RESOLUTION NO. RESOLUTION ELECTING TO DESIGNATE CERTAIN BONDS ISSUED IN 1986 AS "QUALIFIED TAX-EXEMPT OBLIGATIONS" BE IT RESOLVED by the City Council of the City of Richfield, Hennepin County, Minnesota (Issuer) as follows: Section 1. Findincts . 1.01. The Issuer issued its $2,525,000 General Obligation Storm Sewer Revenue Bonds, Series 1986A, dated March 1, 1986 (the "Bonds") while the Federal Tax Reform Act of 1986 was pending with a retroactive effective date, specifically on or after January 1, 1986, and on or before August 7, 1986; and 1.02. When the Bonds were issued, the Issuer made a ._ designation that it intended or otherwise declared its intent to qualify the Bonds under Section 802(e)(3) of H.R. 3838 of the 99th Congress as passed by the House of Representatives; and 1.03. The Issuer covenanted to take such actions as are necessary to effectuate such attempted designation; and 1.04. For the Bonds to receive. the benefit of being designated as "qualified tax-exempt obligations" under Section 265(b)(3) of the Federal Internal Revenue Code of 1986, as amended (the "Code"), it is necessary that the Issuer make an election under subparagraphs (C) of Section 1009(b)(3) of the Federal Technical and Miscellaneous Revenue Act of 1988 ("TAMRA") and designate the Bonds pursuant to subparagraphs (B) of Section 1009(b)(3) of TAMRA and Section 265(b)(3) of the Code; and 1.05 The Bonds qualify for such designation because they are not private activity bonds (or, if private activity bonds, are qualified 501(c)(3) bonds, or refunded bonds which were not industrial development bonds or private loan bonds); the Issuer with respect to bonds issued in 1986 is a "qualified small issuer" of 510,000,000 or less of bonds; and not more than 510,000,000 of bonds issued in 1986 have been designated: Section 2. Election: Designation. 2.01. Election. The Issuer hereby makes an election with respect to the Bonds under Section 1009(b)(3)(C) of the Federal Technical and Miscellaneous Revenue Act of 1988. 2.02. Designation of Qualified Tax-Exempt Obligations. In order to qualify the Bonds as "qualified tax-exempt obligations" within the meaning of Section 265(b)(3) of the Code, the Issuer hereby makes the following factual statements and representations: (a) the Bonds are treated as issued on August 8, 1986, because: (i) the Bonds were issued on or after January 1, 1986, and on or before August 7, 1986, and ~~ :J (ii) when the Bonds were issued, the Issuer made a designation or otherwise declared that it intended to qualify the Bonds under Section 802(e)(3) of H.R. 3838 of the 99th Congress as passed by the House of Representatives, and (iii) the Issuer, in paragraph 1 above, has made an election under Section 1009(b)(3)(C) of TAMRA; and (b) the Bonds are not "private activity bonds" as defined in Section 141 of the Code, or, if private activity bonds, they are: (i) qualified 501(c)(3) bonds as defined in Section 145 of the Code, or (ii) obligations issued to refund (or which are part of a series of obligations issued to refund) obligations issued before August 8, 1986, which were not industrial development bonds (as defined in Section 103(b)(2) of the Federal Internal Revenue Code of 1954, as amended, as in effect on the day before the date of the enactment of the Federal Tax Reform Act of 1986) or a private loan bond (as defined in Section 103(0)(2)(A) as so in effect, but without regard to any exemption from such definition other than Section 103(0)(2)(A)); and (c) the Issuer hereby designates the Bonds as "qualified tax-exempt obligations" for purposes of Section 265(b)(3) of the Code; and (d) at the time the Bonds were issued, the amount of tax-exempt obligations (other than private activity bonds, treating qualified 501(c)(3) bonds as not being private activity bonds) which had been and were to be issued in 1986 by the Issuer (and all entities treated as one issuer with the Issuer, and all subordinate entities thereof) during calendar year 1986 was not reasonably expected to exceed $10,000,000; and o/ ' ~` (e) not more than $10,000,000 of obligations issued by the Issuer during calendar year 1986 have been designated for purposes of Section 265(b)(3) of the Code. Adopted by the City Council of the City of Richfield, Minnesota this 10th day of April, 1989. Steven J. Quam Mayor ATTEST: Thomas P. Ferber City Clerk ~ ~" 2000 First Bank Place West Minneapolis Minnesota 55402 Telephone (612) 333-0543 Telecopier (612) 333-0540 J. Dennis O'Brien John E. Drawz David J. Kennedy Joseph E. Hamilton John B. Dean Glenn E. Purdue Richard J. Schieffer Charles L. LeFevere James J. Thomson, Jr. Thomas R. Galt Steven B. Schmidt John G. Kressel James M. Strommen Ronald H. Batty William P. Jordan William R. Skallerud Corrine A. Heine Dav'~+. D. Beaudoin St M. Tallen Mai y trances Skala Leslie M. Altman Timothy J. Pawlenty Rolf A. Sponheim Julie A. Bergh Darcy L. Hitesman David C. Roland Karen A. Chamerlik Paul D. Baertschi Arden Fritz Clayton L. LeFevere, Retired Herbert P. Lefler, Retired LeFevere Lefler Kennedy O'Brien & Drawz a Professional Association March 16, 1989 City of Richfield 6700 Portland Avenue Richfield, Minnesota 55423 Attn: James Prosser City Manager Re: $2,525,000 General Obligation Bonds, Series 1986A City of Richfield, Minnesota Dear Tim: Storm Sewer Revenue One of the many features of the Federal 1986 Tax Reform Act was a provision dealing with the ability of finan- cial institutions owning municipal bonds to deduct a percentage of the interest expense connected with such ownership. The new law limited this deduction to those bonds of issuing governmental units that issued Less than $10 million in any calendar year and designated the bonds for that purpose (bank qualified bonds). When the City issued the above listed Bonds the desig- nation as bank qualified bonds was made pursuant to language in the congressional bill under consideration at the time, H.R. 3838, but when the provision was actually passed with an effective date of August 8, 1986, the numbering of the relevant section was changed. Congress apparently feels that it is necessary for the issuers of bank qualified bonds to redesignate the bonds under the new code section and a provision to that effect was in the Technical and Miscellaneous Revenue Act of 1988. Because in the resolution authorizing the sale and issuance of the Bonds the City promised to do whatever it could to preserve the tax exempt status of the interest on the Bonds and the bank qualified desig- nation, we think it important that the election to redesignate be made. A form resolution to that effect is included for your use. We recommend that it be adopted. v~ March 16, 1989 Page Two The Treasury Department has offered no guidance as to what to do about the election resolution. Presumably, it is to be filed with the IRS at some point. In the meantime, if you will return a certified copy of the resolution to us we will file it with the bond tran- script, and if a future filing with the IRS is required we will notify you asking for your direction to us to make the appropriate filing. We will not make the filing without the instruction of the City to do so. There is no charge for this service or for any future filing if. requested. Yours very truly, LeFEVERE, LEFLER, KENNEDY, O'BR N & DRAWZ a Pro es Tonal Association By Davi J. Kennedy DJK:caw Enclosure cc: Evensen Dodge, Inc. 0055RESA.F16 ~ "% CITY OF RICHFIELD Pursuant to due call and notice thereof, a meeting of the City Council of the City of Richfield, Minnesota, was held on the day of 1989. The following members were present: and the foll"owing members were absent: * ~ Member introduced the following resolu- tion and moved its adoption: RESOLUTION PdO. RESOLUTION ELECTING TO DESIGNATE CERTAIN BONDS ISSUED IN 1986 AS "QUALIFIED TAX-EXEMPT OBLIGATIONS" BE IT RESOLVED By the City Council of the City of Richfield, Hennepin County, Minnesota (Issuer) as follows: Section I. Findings 1.01. The Issuer issued its $2,525,000 General Obligation Storm Sewer Revenue Bonds, Series 1986A, dated March 1, 1986 (the "Bonds") while the federal Tax Reform Act of 1986 was pending with a retroactive effective date, specifically on or after ~7ar_uary 1, 1986, and on or before August 7, 1986; and 1.02. When the Bonds were issued, the Issuer made a desig- nation that it intended or otherwise declared its intent to qualify the Bonds under Section 802(e)(3) of H.R. 3838 of the 99th Congress as passed by the House of Representatives; and 1.03. The Issuer covenanted to take such actions as are necessary to effectuate such attempted. designation; and ~~~ 1.04. For the Bonds to receive the benefit of being designated as "qualified tax-exempt obligations" under Section 265(b)(3) of the federal Internal revenue Code of 1986, as amended (the "Code"), it is necessary that the Issuer make an election under subparagraphs (C) of Section I009(b)(3) of the federal Technical and Miscellaneous Revenue Act of 1988 ("TAMRA") and designate the Bonds pursuant to subparagraph (B) of Section 1009 (b) (3) of TAMRA and Section 265 (b) (3) of the Code; and -1.05. The Bonds qualify for such designation because they are not private activity bonds (or, if private activity bonds, are qualified 501 (c) (3) bonds, or refunded bonds which were not industrial development bonds or private loan bonds); the Issuer with respect to bonds issued in 1986 is a "qualified. small issuer" of $10,000,000 or less of bonds; and not more than $10,000,000 of bonds issued in 1986 have been designated: Section 2. Election: Designation. 2.01. Election. The Issuer hereby makes an election with respect to the .Bonds under Section 1009 (b) (3) (C) of the federal Technical and Miscellaneous Revenue Act of 1988. 2.02. Designation of Qualified Tax-Exempt Obligations. In order to qualify the Bonds as "qualified tax-exempt obligations" within the meaning of Section 265(b)(3) of the Code, the Issuer hereby makes the following factual statements and representa- tions: (a) the Bonds are treated as issued on August 8, 1986, because: (i) the Bonds were issued on or after January 1, 1986, and on or before August 7, 1986, and (ii) when the Bonds were issued, the Issuer made a designation or otherwise declared that it intended to qualify the Bonds under Section 802(e)(3) of H.R. 3838 of the 99th Congress as passed by the House of Representatives, and (iii} the Issuer, in paragraph 1 above, has made an election under Section 1009 (b) (3) (C) of TAMRA; and. (b) the Bonds are not "private activity bonds" as defined in Section 141 of the Code, or, if private activity bonds, they are: (i) qualified 501 (c) (3) bonds as defined in Section 145 of the Code, or (ii) obligations issued to refund (or which are part of a series of obligations_issued to refund) obligations issued before August 8, 1986, which were not industrial development bonds (as defined in Section 103(b)(2) of the federal Internal Revenue Code of 1954, as amended, as in effect on the day before the date of the enactment of the federal Tax Reform Act of 1986) or a private loan bond (as defined in Section 103 (o) (2j (A) as so in effect, but ~~ithout regard to any exemption from such definition other than Section 103 (o) (2) (A)) ; (c) the Issuer hereby designates the Bonds as "quali- fied tax-exempt obligations" for purposes of Section 265 (b) (3) of the Code; (d) at the time the Bonds were issued, the amount of tax-exempt obligations (other than private activ- ity bonds, treating qualified 501(c)(3) bonds as not being private activity bonds) which had been and were to be issued in 1986 by the Issuer (and all entities treated as one issuer with the Issuer, and all subordinate entities thereof) during calendar year 1986 was not reasonably expected to exceed $10,000,000; and (e) not more than $10,000,000 of obligations issued by the Issuer during calendar year 1986 have been designated for purposes of Section 265(b)(3) of the Code. The motion for adoption of the foregoing resolution was duly seconded by Member and upon vote being taken thereon, the following voted in favor thereof: the following voted against or abstained: whereupon the resolution was declared duly passed and adopted. 0055RESA.F16 "~ /Q S'.T'ATE OF MINNESOTA ) COUNTY OF HENNEPIrI ) SS. CITY OF RICHFIELD ) I, the undersigned, being the duly qualified and appointed Clerk of the City of Richfield, Minnesota, hereby certify that I have carefully compared the foregoing resolution adopted at a [regular] [special] meeting of the City Council of said City held on 1989, with the original thereof on file in my office, and the same is a full, true and complete transcription thereof. WITNESS my hand officially as such Clerk and the corporate seal of the City this day of , 1989. Thomas Ferber City Clerk (SEAL) 0055RESA.F16 ..~-~/ CITY OF RICHFIELD Pursuant to due call and notice thereof, a meeting of the City Council of the City of Richfield, Minnesota, was held on the day of members were present: and the following members were absent: Member tion and moved its adoption: ~ ~ introduced the following resolu- RESOLUTION NO. RESOLUTION ELECTING TO DESIGNATE CERTAIN BONDS ISSUED IN 1986 AS "QUALIFIED TAX-EXEMPT OBLIGATIONS" BE IT RESOLVED By the City Council of the City of Richfield, Hennepin County, Minnesota (Issuer) as follows: Section I. Findings 1.01. The Issuer issued its $2,525,000 General Obligation Storm Sewer Revenue Bonds, Series 1986A, dated March 1, 1986 (the "Bonds") while the federal Tax Reform Act of 1986 was pending ~,~ith a retroactive effective date, specifically on or after ~Tar_uary 1, 1986, and on or before August 7, 1986; and 1..02. When the Bonds were issued, the Issuer made a desig- nation that it intended or otherwise declared its intent to qualify the Bonds under Section 802(e)(3) of H.R. 3838 of the 99th Congress as passed by the House of Representatives; and * ~ 1989. The following 1.03. The Issuer covenanted to take such actions as are necessary to effectuate such attempted designation; and x'07 '/~_ 1.04. For the Bonds to receive the benefit of being designated as "qualified tax-exempt obligations" under Section 265(b)(3) of the federal Internal revenue Code of 1986, as amended (the "Code"), it is necessary that the Issuer make an election under subparagraphs (C) of Section 1009(b)(3) of the federal Technical and Miscellaneous Revenue Act of 1988 ("TAMRA") and designate the Bonds pursuant to subparagraph (B) of Section 1009 (b) (3) of TAMRA and Section 265 (b) (3) of the Code; and 1.05. The Bonds qualify for such designation because they are not private activity bonds (or, if private activity bonds, are qualified 501 (c) (3) bonds, or refunded bonds which were not industrial development bonds or private loan bonds); the Issuer with respect to bonds issued in 1986 is a "qualified small issuer" of $10,000,000 or less of bonds; and not more than $10,000,000 of bonds issued in 1986 have been designated: Section 2. Election: Designation. 2.01. Election. The Issuer hereby makes an election with respect to the Bonds under Section 1009 (b) (3) (C) of the federal Technical and Miscellaneous Revenue Act of 1988. 2.02. Designation of Qualified Tax-Exempt Obligations. In order to qualify the Bonds as "qualified tax-exempt obligations" within the meaning of Section 265(b)(3) of the Code, the Issuer hereby makes the following factual statements and representa- tions: (a) the Bonds are treated as issued on August 8, 1986, because: (i) the Bonds were issued on or after January 1, 1986, and on or before August 7, 1986, and (ii) when the Bonds were issued, the Issuer made a designation or otherwise declared that it intended to qualify the Bonds under Section 802(e)(3) of H.R. 3838 of the 99th Congress as passed by the House of Representatives, and (iii) the Issuer, in paragraph 1 above, has made an election under Section 1009(b)(3)(C) of TAMRA; and (b) the Bonds are not "private activity bonds" as defined in Section 141 of the Code, or, if private activity bonds, they are: (i) qualified 501(c)(3) bonds as defined in Section 145 of the Code, or ~~ /..~ (ii) obligations issued to refund (or which are part of a series of obligations_issued to refund) obligations issued before August 8, 1986, which were not industrial development bonds (as defined in Section 103(b)(2) of the federal Internal Revenue Code of 1954, as amended, as in effect on the day before the date of the enactment of the federal Tax Reform Act of 1986) or a private loan bond (as defined in Section 103 (o) (2) (A) as so in effect, but without regard to any exemption from such definition other than Section 103 (o) (2) (A)) ; (c) the Issuer hereby designates the Bonds as "quali- fied tax-exempt obligations" for purposes of Section 265(b)(3) of the Code; (d) at the time the Bonds were issued, the amount of tax-exempt obligations (other than private activ- ity bonds, treating qualified 501(c)(3) bonds as not being private activity bonds) which had been and were to be issued in 1986 by the Issuer (and all entities treated as one issuer with the Issuer, and all subordinate entities thereof) during calendar year 1986 was not reasonably expected to exceed $10,000,000; and (e) not more than $10,000,000 of obligations issued by the Issuer during calendar year 1986 have been designated for purposes of Section 265(b)(3) of the Code. The motion for adoption of the foregoing resolution was duly seconded by Member and upon vote being taken thereon, the following voted in favor thereof: the following voted against or abstained: whereupon the resolution was declared duly passed and adopted. 0055RESA.F16 ~~~~ S?'ATE OF MINNESOTA ) COUNTY OF HENNEPIN ) SS. CITY OF RICHFIELD ) I, the undersigned, being the duly qualified and appointed Clerk of the City of Richfield, Minnesota, hereby certify that I have carefully compared the foregoing resolution adopted at a (regular] [special] meeting of the City Council of said City held on 1989, with the original thereof on file in my office, and the same is a full, true and complete transcription thereof. WITNESS my hand officially as such Clerk and the corporate seal of the City this day of , 1989. Thomas Ferber City Clerk - (SEAL) 0055RESA.F16 ;~" ;~ CITY OF RICHFIELD, MINNESOTA Council Letter No. 83 Agenda April 10,.1989 Issue Statement: First reading of the rewrite of Section 600 of Chapter VI, Richfield City Code ("Garbage, refuse handling, scavenging, air pollution") to accommodate recycling. and to comply with Hennepin County and state mandates. Background• By definition, trash today is not what is was in the past. State and County mandates require certain items be separate from mixed trash for recycling or other means of disposal. Incinerators and trash processing facilities scheduled for completion within the year will result in more restrictions on how waste is disposed. This ordinance has been rewritten to serve as the vehicle to accomodate these changes and future State and County policy changes. Specifically, the revised ordinance: - defines and differentiates "designated recyclables" from other waste categories and provides for their proper disposal. - defines and differentiates "yard waste" (leaves and grass clippings) from other waste categories and provides for their proper disposal. - requires residents to separate yard wastes from regular refuse. - requires residential waste haulers to provide a separate pick up of recyclables from their customers on their regular trash collection day. - requires haulers to report tonnages or volumes of recyclables and yard wastes to the City on a regular basis. - increases insurance requirements for haulers to the maximum amount the City could be held liable. - accommodates the monthly volunteer newspaper collection and supplements it with weekly collection of recyclables by haulers. Recommended Motion: Set the date for second reading public hearing for May 8, 1989. Basis of Recommendation: 1. Trash dumping fees will increase on June 1, to $75 per ton. This, coupled with volume based fee structures offered by haulers, will create a direct financial incentive to ~~ recycle. 2. Refuse haulers are willing and ready to provide the collection service. 3. Hennepin County will intensify promotional activities this summer increasing awareness among residents. Residents want to recycle, but desire a convenient means of doing so. Alternative Recommendation: 1. Council could choose to defer the second reading public hearing on the revised ordinance to subsequent meeting. 2. Council could choose to not change the ordinance. Discussion/Decision Mode: None. Respectfully submitted, Jame Prosser City anager JDP/eja Richfield City Code 600.01 Chapter VI PUBLIC HEALTH Section 600 - Garbage, refuse, yard waste, and recyclables preparation, collection, and disposal: scavenging: air pollution. 600.01. Definitions: Subdivision 1. The following terms, as used in this section, shall have the meanings stated: Subd. 2. "Garbage" means animal and vegetable matter resulting from the preparation, cooking, service, consumption or display of meat, fish, fowl, fruit, grains or vegetables. Subd. 3. "Refuse" means wastes which normally result from the operation of a household, excluding body wastes, garbage, yard wastes, and designated recyclables. Refuse includes but is not limited to rubbish, tin cans, paper, cardboard, glass jars, bottles, wood, grass clippings, ashes, sod, dirt, tires, rocks, household appliances and furniture or any other household refuse or material. The term does not include construction material or other waste or debris resulting from construction or reconstruction of buildings and other improvements by contractors or trees in excess of six inches in diameter. Subd. 4. "Unacceptable Waste" includes, but is not limited to, hazardous waste as defined in Minnesota Statutes, Section 116.06, subd. 13 (1988), and the Resource Conservation and Recovery Act, 42 U.S.C. 6903 (5); hazardous waste of any kind or nature, such as explosives, radioactive materials, cleaning fluids, crankcase oils, cutting oils, paints, acids, caustics, poisons, drugs, or other material that would be likely to pose a threat to health or public safety; pathological and biological wastes; hot ashes, foundry sand; sanitary sewage and other highly diluted water-carried materials or substances; all sludges, including sewage sludge and septic and cesspool pumpouts; human and large animal remains; large quantities of non-burnable demolition debris; street sweepings; mining waste; construction debris, trees, agricultural waste (manure) and tires; and waste which was generated outside of the City. Subd. 5. "Recyclables" means materials which may be recycled or reused through recycling processes. This term includes "designated recyclables". Subd. 6. "Designated recyclables" means properly prepared and packaged metal beverage and food containers, glass bottles and jars, newsprint, corrugated cardboard, and any other materials as may be defined by the city manager or through state, county, or municipal mandates. z` ~f-,S Subd. 7. "Yard waste" means leaves, grass clippings or other organic materials as may be defined by the city manager. Subd. 8. "Residential dwelling unit" means a single building consisting of two or fewer separate dwelling units with individual kitchen facilities for each unit. The term includes boarding houses in residential districts. Subd. 9. "Commercial establishment" means any premises where a commercial or industrial enterprise is conducted; the term includes clubs, churches, schools, and establishments of nonprofit organizations where food is prepared or served or goods are sold. Subd. 10. "Incinerator" means any device used for the burning of refuse, rubbish, or other waste materials. Subd. 11. "Licensed private garbage and refuse collector" means a person holding a license from the city for the collection of garbage and refuse. 600.03. Disposal of garbage and refuse. The tenant, owner, or occupant of a private dwelling, house, multiple residence, store, restaurant, and other types of property in the city which accumulate garbage and/or refuse on such premises shall dispose of such garbage and refuse as provided in this subsection. Garbage and refuse shall be disposed of at least once each week and as often as once each business day if necessary to protect the public health. No person may accumulate or permit to accumulate any refuse on any property in the city which might constitute a nuisance by reason of appearance, odor, sanitation, littering of the property on which the refuse is accumulated or an adjacent property, or a fire hazard. 600.04. Disposal of unacceptable waste. Each generator shall dispose of or arrange for the disposal of its own unacceptable wastes as defined in Section 600.01, subd. 4. "Generator" means any person who generates waste. No person may accumulate or permit to accumulate any unacceptable waste on any property in the city which might constitute a nuisance by reason of appearance, odor, sanitation, littering of the property on which the unacceptable waste is accumulated or an adjacent property, or a fire hazard. 600.05. Collection, supervision, and control. The city manager may make regulations concerning the days of collection, type and location of waste containers, designation, preparation, and packaging of recyclables and yard waste, and such other matters pertaining to the collection, transport, and disposal as the manager deems necessary. A person aggrieved by a regulation of the manager may appeal the regulation to the city council which may confirm, modify, or revoke the regulation. `'" S`' ~ 600.07. Precollection practices. Subdivision 1. Preparation of garbage and refuse. All garbage shall be wrapped, bagged, or otherwise packaged prior to placement into a container. All garbage and refuse as accumulated on any premises shall be placed and maintained in containers and shall have drained from it all free liquids before deposited for collection. Subd. 2. Preparation of yard wastes. Yard wastes shall be bagged separately from garbage, refuse, and other wastes, and shall be placed 3 to 6 feet from garbage and refuse on collection day. Subd. 3. Contagious disease refuse. Refuse such as, but not limited to bedding, wearing apparel, or utensils from residential dwelling units or other units where highly infectious or contagious diseases are present, may not be deposited for regular collection but shall be disposed of as directed by the director of public safety at the expense of the owner or possessor thereof. Subd. 4. Dutv to provide and maintain containers in sanitary condition. Garbage, refuse, and yard waste containers shall be provided by the owner, tenant, lessee, or occupant of the premises or the waste hauler servicing the premises and must be located in such a manner so as to prevent them from being overturned. Containers for designated recyclables may be provided by the owner, tenant, lessee, or occupant of the premises, the waste hauler servicing the premises or the City. All containers shall be kept in a clean, safe, and sanitary condition and kept free from any substance which will attract or breed flies, mosquitoes, or other insects. No container may have sharp edges or any other defect liable to hamper or injure the person collecting the contents thereof. Containers not complying with the requirements of this subdivision shall be promptly replaced. Subd. 5. Garbage Containers. Garbage containers shall be made of metal, or other suitable material, which is rodent-proof, and waterproof and which will not easily corrode and is equipped with suitable handles and tight-fitting covers and shall be kept tightly covered when there is garbage therein. Subd. 6. Refuse and yard waste Containers. Refuse and yard waste containers shall be of a kind suitable for collection purposes, and must be kept tightly covered or securely fastened when there is refuse or yard waste within. Subd. 7. Placement of garbage, refuse yard waste, and designated recyclables. Garbage, refuse, yard wastes, and designated recyclables must be deposited for pickup adjacent to the street or alley from which the pickup is to be made, unless the licensed residential hauler agrees to pick up such materials from some other allowable location on the premises. Material y-~ deposited adjacent to a street or alley for pickup shall be deposited off the traveled roadway at ground level. No material may be deposited next to the traveled roadway of any street or alley before sunset of the day before the day of collection. Garbage, refuse, designated recyclables, yard waste, and disposable bags and wrappings shall be picked up by the licensed residential hauler so that after pick up no such items are left adjacent to the street or alley. The owner or occupant of the premises must remove all containers and any materials not picked up by the licensed residential hauler from their location next to the street or alley by the end of the collection day. Subd. 8. Multiple residential units. Multiple residence units having more than two family units and which require garbage and refuse pickup more frequently than once each week shall either be equipped with containers and provided with pickup service as provided in this subsection or be equipped with a commercial incinerator complying with the requirements of the Minnesota Pollution Control Agency and licensed by the city as provided in this section. Containers provided as an alternative to or in addition to such incineration shall be at least one cubic yard in capacity, shall be conveniently located in relationship to the residence units for which they are provided, shall be watertight and rodent-proof with self-closing lids and be kept in an enclosing structure concealing them from public view. If containers for designated recyclables are provided, the containers shall be conveniently located in relationship to the residence units for which they are provided, shall be watertight and rodent-proof with lids and be kept in an enclosing structure concealing them from public view. The structure shall have a concrete floor. The structure shall be kept in a state of good repair at all times. All containers shall be located so that their contents are inaccessible to at least three feet above the base of the enclosing structure. The owner or operator of multiple residence property shall provide for pickup from the containers. Refuse, debris, garbage, recyclables and other waste materials may not be permitted to be accumulated in or near the enclosing structures except in the containers. There shall be daily cleanup in and around each enclosing structure. Subd. 9. Commercial property. The owner or occupant of commercial establishments or any other property which produces a volume of garbage or refuse or both, which requires garbage or refuse pickup more frequently than once each week, shall also comply with the provisions of subdivision 8. 600.09. Air pollution control regulations. Air Pollution Controls and Regulations pursuant to Minnesota Rules, Chapter 7005 (M.P.C.A.), are hereby adopted by reference. 600.11. Vehicles for hauling garbage and refuse. Persons hauling or conveying garbage or refuse over the streets of the city shall use a vehicle provided with a tight cover and so y- ~ operated and maintained as to prevent offensive odors escaping therefrom and garbage and refuse from being blown, dropped or spilled from the vehicle. Vehicles shall be kept clean and as free from offensive odors as possible and, if customarily used for the hauling of garbage or refuse, may not be allowed to stand in any street, alley, or other place longer than is reasonable necessary to collect garbage and refuse. Vehicles customarily used for such purposes shall be kept in a clean and sanitary condition and thoroughly disinfected at least once each week unless the same has not been used since the last disinfection thereof. 600.13. Licensing of garbage and refuse collectors. Subdivision 1. License required. No person may engage in the business of garbage or refuse collection in the city without a license from the City to do so. There are two license classifications: (1) Residential license. A residential license. is required for collecting garbage or refuse from a residential dwelling unit. (2) Commercial license. A commercial license is required for collecting garbage or refuse from any premises other than a residential dwelling unit. Subd. 2. License application. A person desiring a license shall make application to the Department of Public Safety. The application shall accurately state: (1) the name of the owner or the licensee, (2) the proposed charges for hauling, (3) a description of the kind of services to be rendered including separate collection of yard wastes. In addition, licensed residential haulers shall collect designated recyclables on a weekly basis beginning on or before the date this ordinance becomes effective. (4) a description of each motor vehicle to be used for hauling including the license number thereof. (5) A listing, name and address, of residential accounts served. (6) verifiable volume or tonnage summaries of yard wastes collected in Richfield during the previous year, and (7) for licensed residential haulers, verifiable tonnage summaries of designated recyclables collected in Richfield during the previous year. Previously unlicensed haulers will have this requirement waived for their first year of operation in Richfield but must comply with (3) under this subsection. ~~ Subd. 3. Request for Droaress reports regarding designated recyclables and yard waste collection. Upon reasonable notice the city may request and the hauler shall provide verifiable volume and/or tonnage summaries. This is necessary in order to track recycling and yard waste collection performance and to comply with Hennepin County reporting requirements. Subd. 4. Insurance required. The applicant must file with the Department of Public Safety a current policy of insurance covering all vehicles to be used by the applicant in his business. The minimum limits of coverage for insurance are: (a) 5200,000 for any person injured; (b) 5200,000 for any property damage; and (c) 5600,000 for any number of claims arising out of a single occurrence. The insurance shall be kept in force during the license and must provide for notification of the city prior to termination or cancellation. Licenses issued shall automatically be revoked at the time of termination or cancellation of the insurance unless and until other insurance is provided. Subd. 5. Bond. The applicant shall furnish to the city and deposit with the Department of Public Safety a certified bond in the sum of $1000 for each vehicle licensed, to be conditioned upon the faithful performance by the licensee for all work entered into or contracted for by the licensee and conditioned upon compliance with all the provisions and requirements of this section and all applicable sanitary rules and regulations. Subd. 6. License Fee. The annual license fee is set in appendix D. Subd. 7. Temporary substitute vehicle. If a licensed vehicle becomes temporarily inoperable, the hauler may substitute in its place an unlicensed vehicle for a period not to exceed one week. Unlicensed substitute vehicles must conform in all respects to the requirements other than licensing contained in this subsection. Notice of the substitution must be given the city engineer within 36 hours. Subd. 8. Inspection. Licensed vehicles shall have the name of the licensee clearly printed on both sides. The license shall be kept in the vehicle at all times while the vehicle is being used for the licensed purpose. Subd. 9. No vested right. A person licensed hereunder does not have a vested right in the license. The city may, upon finding that public necessity requires, determine to establish ~ y~ ~ another means of garbage, refuse, yard waste and designated recyclables collection. Subd. 10. Obliaation of licensed collectors. A licensed residential garbage and refuse collector shall pick up garbage, refuse, and yard waste and recyclables in the manner provided by this subsection. A licensed residential garbage and refuse collector shall also pick up designated recyclables in the manner provided in this subsection. Subd. 11. Scavenging. It is unlawful for any person or business to scavenge or otherwise collect garbage, refuse, yard wastes, or designated recyclables (excluding newspapers) at the curb or from recycling containers without a license from the City and an account relationship with the owner of the premises. 600.15. Disposal of aarbage and refuse• approved sites. It is unlawful for any person to dispose of garbage or refuse from any source in any place other than in a sanitary landfill or at a county designated facility. 600.16. DisDOSal of yard wastes• approved sites. Yard wastes collected by haulers must be delivered to a an approved compost site approved by the City Manager or designated by Hennepin County. where the The materials shall be weighed (or volume determined). and processed for later use as a soil amendment. Verifiable tonnage or volume of yard waste must be reported to the Department of Public Safety as required in the license application. 600.17. DisDOSal of designated recyclables• approved sites. Designated recyclables collected by haulers must be delivered to a processing facility or end market where the material shall be weighed and processed for later reuse. Verifiable tonnages of designated recyclables must be reported to the Department of Public Safety as required in the license application. 600.18. Storaae of aarbage refuse, and recyclables containers. Garbage cans, refuse, and recyclables containers shall be located alongside or behind the house or garage. 600.19. Burnina. Subdivision 1. Permit. No person may willfully burn or set fire to any grass, weeds, or other natural ground cover, or any building, fixture, or appurtenance of real property unless a permit therefor has been secured from the director of public safety. ,~-~.j CITY OF RICHFIELD Council Letter No. 82 Agenda April 10, 1989 Issue Statement: Resolution Relating to the Application for Lawful Gambling License for Church of St. Richards, 7540 Penn Avenue, and Consideration of Waiver of $100 Investigative Fee. Background• On March 1, 1989 the Church of St. Richard submitted an application for renewal of their lawful gambling license. The application requests renewal for their bingo and pulltab operations. The applicant is also requesting that the 5100.00 investigation fee be waived. Gambling licenses are issued by the Charitable Gambling Board. However, state statute provides that the public safety department conduct an investigation and make a recommendation to the city council. After a review of the information provided by the public safety department, the city council, by resolution, approves or disapproves the license. This resolution is then forwarded to the Charitable Gambling Board. The applicant is proposing to conduct bingo on Wednesday evenings from 7:00 p.m, to 11:00 p.m. and on Friday evenings from 7:30 p.m. to 11:30 p.m. The pulltabs would be conducted in conjunction with the bingo operation. The Public Safety Department has conducted the required background investigation and has determined that the applicant has complied with all requirements. In addition, the gambling manager, Mr. Gary Groen, has no known criminal record. Recommended Motion: Pass the resolution approving the gambling activity requested by the applicant, and waive the $100 investigative fee. Basis of Recommendation: 1. The applicant has complied with the state statutes and city code pertaining to lawful gambling. 2. The applicant has submitted the request within thirty days of the renewal of the license. 3. The applicant has demonstrated that the gambling activity requested is a benefit to the community. Alternative Recommendation: 1. The council could pass a resolution specifically disapproving the renewal request, however, staff has determined that there is no basis for this alternative. 2. The council could decide to not waive the investigative fee. ~r ~ - ;f 3. The council could decide to continue the request. The is not recommended since any continuance would be considered in less than 30 days of the requested events and any resolution disapproving the request could not be considered by the Charitable Gambling Control Board in accordance with Minnesota Statutes 349. Discussion/Decision Mode• The renewal request and request for waiver of the investigation fee has been placed on the consent calendar for April 10, 1989. Respectf ly submitted, Jame Prosser City anager JDP/eja ~~:~y~ RESOLUTION N0. RESOLUTION RELATING TO THE LAWFUL GAMBLING LICENSE FOR THE CHURCH OF ST. RICHARDS, 7540 PENN AVENUE WHEREAS, the Church of St. Richard has submitted an application for renewal of their bingo and pulltab gambling operations, and WHEREAS, the Richfield Public Safety Department has conducted the required background investigation and determined that the applicant has complied with all requirements. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield that the Richfield City Council approves the renewal of the gambling license for the Church of St. Richards. DONE this 10th day of April, 1989. Steven J. Quam Mayor ATTEST: Thomas Ferber City Clerk ~~.~ CITY OF RICHFIELD, MINNESOTA Council Letter No. 81 Agenda April 10, 1989 Issue Statement: Adoption of a Resolution Prohibiting Parking on New 77th Street in the Interstate/Lyndale/Nicollet (ILN) Redevelopment Area. Background• In order to assure Municipal State Aid (MSA gas tax) eligibility for the right-of-way needs for the new 77th Street in the ILN, a plan must be approved by the MSA office.- The plan submittal must include a resolution prohibiting parking on the newly constructed street. Parking will not be prohibited until the street is constructed. The parking restriction is needed so that MSA officials are assured that designated travel lanes will not be converted to parking lanes. Recommended Motion: Adopt the attached resolution banning parking on the new 77th Street in the ILN. Basis of Recommendation: 1. The resolution is necessary in order for Richfield to be eligible for MSA funding. 2. The ILN plans to date have assured that onstreet parking would not be allowed. Alternative Recommendation: None. Discussion/Decision Mode: Staff is asking for approval as soon as possible in order to proceed with the lengthy process of obtaining necessary approval of the plans. This item is on the April 10, 1989 Council agenda. Resp ully submitted, Jam D. Prosser Cit Manager JDP/eja #~~~ RESOLUTION N0. RESOLUTION PROHIBITING PARKING ON 77TH STREET IN THE INTERSTATE/LYNDALE/NICOLLET AREA (S.A.P. 157-108-02) WHEREAS, the City of Richfield has planned the improvement of 77th Street from Lyndale Avenue on the east to 76th Street on the west and WHEREAS, the City will be expending Municipal State Aid Funds on the improvement of this street and, WHEREAS, the improvement does not provide adequate width for parking on both sides of the street; and approval of the proposed construction as a Municipal State Aid Street project must therefore be conditioned upon certain parking restrictions. NOW, THEREFORE BE IT RESOLVED that the City shall prohibit the parking of motor vehicles on 77th Street from Lyndale Avenue to 76th Street after construction of said improvement. Passed by the City Council of the City of Richfield this 10th day of April, 1989. teven J. Quam, Mayor ATTEST: Thomas P. Ferber, City Clerk