1963 AuditVILLAGE OF MONTICELLO
WRIGHT COUNTY
MINNESOTA
REPORT ON EXAMINATION
FOR THE YEAR ENDED
DECEMBER 31, 1963
VILLAGE OF MONTICELLO
WRIGHT COUNTY
MINNESOTA
OFFICIALS
December 31i 1963
William Ojakangas . ' . .. Mayor
Dr. J.A. Kasper . Clerk
William Jongewaard . Treasurer
Nathan Adams Trustee
a
Leo Baker Trustee
C. Melvin Swanson Trustee
Russell Pitt . Assessor
Charles Christianson Justice of Peace
Rall McPherson .~ Justice of Peace
VILLAGE OF MONTICELLO
WRIGHT COUNTY
MINNESOTA
T A B L E O F C O N T E N T S
Pale No.
Auditor's Report 1 - 2
STATEMENT "A" Consolidated Balance Sheet
December 31, 1963 3
STATEMENT "A-1" General Fixed Assets December 31, 1963 4 - 5
STATEMENT "A-2" Municipal Building and Fire Equipment Bonds
of 1962 - Outstanding December 31, 1963 6
STATEMENT "A-3" Waterworks Revenue Refunding Bonds of
1963 - Outstanding December 31, 1963 7
STATEMENT "A-4" Street Improvement Bonds of 1954
Outstanding December 31, 1963 S
STATEMENT "A-5" Consolidated Improvement Bonds of 1960
Outstanding December 31, 1963 B - 9
STATEMENT "A-6" Consolidated Improvement Bonds of 1960
Additional Issue - Outstanding
December 31, 1963 10
STATEMENT "B" Summary of Cash Revenues, Expenditures and
Balances for the Year Ended December 31, 1963 11
STATEMENTS OF REVENUE AND EXPENDITURES
FOR THE YEAR ENDED DECEMBER 31, 1963
STATEMENT "B-1" General Fund 12 - 15
STATEMENT "B-2" Fire Equipment and Building Fund 15
STATEMENT "B-3" Water Fund - Operating 15 - 16
STATEMENT "B-4" Waterworks Sinking Fund 16
STATEMENT "B-5" Park Fund 17
STATEMENT "B-6" Street Improvement Maintenance and
Capital Outlay Fund 17 - lII
VILLAGE OF MONTICELLO
WRIGHT COUNTY
MINNESOTA
Page No.
STATEMENT "B-7" Street Improvement Sinking Fund 18
STATEMENT "B-8" General Improvement Construction Fund of 1960 19
STATEMENT t1B-9" General Improvement Sinking Fund of 1960 19 - 20
STATEMENT "B-10" Sewer Fund 20
STATEMENT "B-11" Liquor Fund 21 - 22
LI,gUOR FUND
STr'~TEMENT "C" Balance Sheet December 31, 1963 23
STATEMENT "D" Statement of Income and Expense for the Periods
January 1, 1963, to December 31, 1963, and
October 9, 1963, to December 31, 1963 24
MISCELLANEOUS
STATEMENT "E" Taxable Valuations, Tax Levy and Mill Rates 25
STATEMENT "F" Fire Relief Association Fund Reconciliation
Savings Account for the Year Ended
December 31, 1963 2E
STATEMENT "G11 Fire Relief Association Statement of
Investments Savings Account December 31, 1963 26
ACCOUNTANTS AUDITOR8 FEDERAL AND fsTATE TAXES SYSTEMS INVESTlOATIONS
BERNARD W. MAC & CO.
FINANCIAL REPORTS
MlNNfiAPOLis 8. MINNESOTA
March 30, 1963
To the Honorable Mayor and
Members of the Village Council
Monticello, Minnesota
Gentlemen:
' We have examined the accounts and records of the Village of Monticello,
Minnesota, as of December 31, 1963. Our examination was made in accordance
' with generally accepted municipal auditing standards applicable in the circumstances,
' ~:nd included such tests of the accounting records and other supporting evidence
and such other procedures as we considered necessary.
' In our opinion, the accompanying Consolidated Balance Sheet, Statement "A", and
Statement of Income and Expense, present fairly the financial position of the
' Village of Monticello at December 31, 1963, and the results of its operations for
' the year then ended in conformity with generally accepted municipal accounting
principles.
' GENERAL COMMENTS
We checked all cash receipts to the Village Clerk's record of receipts, noting
' source and purpose of each. We also checked the cancelled warrants to the warrant
' register noting endorsements and distribution.
All license books were examined and traced to the Clerk's records of receipts
noting that most of the licenses for 1963 were prepaid at the end of 1962, leaving
just a small ~:~mount in receipts during the year of 1963.
' - 1
' OUR RO•ORTi AND CERTIPICATt!f ARt: NJliUED WtTN TH[ UNDERRTANDINti TNAT. IP PUCLttlIED. EITNER TNET
MUlf SE RRPRODUG[D IN TN[IR ENTIR[TYr OR [NOULO tT K DCilRBO TO PVOLtfN ANT REFERHNCE TO
OR pITRACTf PROM, TN[M. TNAT tUGN ENALL ~[ 1UlMITTED POR OUR APPROVAL.
The Village Treasurer's records were checked and reconciled with the Village
Clerk's records.
We received by direct confirmation from the County Auditor the assessed
valuations, tax levy, and mill rates for 1963 collectible in 1964 and the special
assessments collectible in 1964. We also received verification of taxes paid to
the Village for the year ended December 31, 1963. The County Auditor did not make
a breakdown as to the tax apportionment of the bonds and interest, however, the
Village Clerk did make a percentage proration to the various funds.
During the course of our examination we noted that the coding of Revenues and
Expenditures arc not consistent. We recommend that in recording of revenues and
expenditures care be taken to insure the proper distribution to departments.
Respectfully submitted, ~~ '
/~
~ f' ~
~~.,)~~Jf/"
STATEP•1ENT "A"
VILLAGE OF MONTICELLC
CONSOLIDATED BALANCE SHEET
DECEMBER 31, 1963
Fire
Equipment
and Water Waterworks
Building Oneratine Sinking
ASSETS
Cash on Hand $ 547.40 $ 25.0:;
Cash in Bank 45,620.72 4,492.37 $ 1,536.12 $ 2,363.68 $ 391.11 $ 1,565.88
Inventory 17,014.32
Due From Other Fund s 6,616.66
Due From U. S. Gov-
ernment 4,986.25
Taxes Receivable
Current 63,197.92 18,275.52 4,008.82 1,532.78
Deferred 744,853.16
Delinquent 4,587.83 1,125.91 692.40 113.49
Special Assessments
Current 9,346.48
Deferred. 64,852.71
Delinquent 1,340.87
Accounts Receivable 6,489.59 2,618.09
Less: Reserve For
Doubtful Accts. ( 2,980.56) ( 1,490.28)
Investments 5,000.00
Fixed Assets 960,848.86 43,693.43 149,263.47
Prepaid Insurance 639.60
TOTAL ASSETS
LIABILITIES
AND SURPLUS
Accrued Triages
Accts Payable
Payroll Deduct.
Due Other Funds
Bonds Payable
SURPLUS
Available
Unavailable
Invested In
Fixed Assets
$1,932,961.81 $23,918.80 $49,930.77 $152,754.96 $ 391.11 ~ 3,212.15 '
'
$ 1, 251.75 $ b98.50 $ 125.00
2, 771.81 1, 383.77 237. 86 $ 1.91
551.90 147.87 33.60 '
6, 616.66
63G,000.00 $35,000.00 $ 40,000.00
24, 427.23 20, 562.75 5, 544.94 3, 095.03 391.11 3, 096.75 ,
936, 493.60 1,125.91 692.40 113.49
330 848.86 8,693.43 149,263.47 (40,000.CO) '
TOTAL LIABILITIES
AND SURPLUS ,S1j,932, 961.81 $23,918.80 X49, 930.77 $152, 754.96 ~ 391.11 $ 3, 212.15 '
i
STATEMENT "A"
VILLAGE OF MONTICELLO
CONSOLIDATED BALANCE SHEET
DECEMBER 31, 1963
Street Im- General General
provement Street Improve- Improve-
Maintenance Improve- ment Con- ment General
and Capital ment struction Sinking Fixed
Outlay Sinking of 1960 of 1960 Sewer Liquor Assets
$ 522.40
$ (10, 062.15 ) $ 16, 822.90 $ (41, 060.33 ) $ 54, 317.67 $ 2, 807.70 12, 445.77
17, 014.32
6, 616:66
4,986.25
4, 008.82 9, 845.20 25, 526.78
744,853.16
288.26 1, 718.95 648.82
1, 964.02 7, 382.46
64, 85 2. 71
385.19 955.68
3, 871.50
( 1,490.28)
5,000.00
21,724.17 $746,167.79
639.60
5 765.07 30 736.26 29 457.42 903 537.28 5.188.92 52 346.26 746 167.79
$ 314.75
625.30
123.60
2, 616.66
$ 22,000.00
$533,000.00
$ 113.50
434.02 $ 88.95
246.83
4, 000.00
( 9, 733.64 ) $ (29, 45 7.42 ) 641.40 30, 286.31
288.26 30,736.26 903,53.7.28
(22x,000.00 ) (533, 000.00 ) 21, 724.17 $746,167.79
~ ( 5, 765.07 ) $ 30, 736.26 $ (29, 457.42 ) $903, 537.28 $ 5,188.92 ~ 52, 346.26 ,5746,167. 79
- 3 -
STATEMENT "A-1"
Page 1
VILLAGE OF MONTICELLO
WRIGHT COUNTY
MINNESOTA
GENERAL FIXED ASSETS
Balance Additions Balance
X1/63 1963 12/31/63
LAND
Parking Lot $ 1,000.00 $ 1,000.00
Fire Building Site 2,271.49 2,271.49
Disposal Plant Site 6 507.25 6,507.25
TOTAL LAND $ 9,778.74 -0- $ 9,778.74
BUILDINGS
Village Hall Liquor Dispensary
and Old Fire Hall
Fire Barn - New
TOTAL BUILDINGS
$ 15,000.00 $ 15,000.00
26 628.90 26, 628, 90*
$ 41 628.90 -0- $ 41,628.90
EQUIPMENT
1962 Chevrolet 3/4 Ton Fire Truck
1946 Chevrolet Fire Truck
Fire Truck
Fire Truck and Equipment
1950 Ford Dump Truck
1950 Truck and Snow Plow
Fire Department - Hose
Fire Department - Smoke Inhalator
Oil Storage Tank
Mosquito Sprayer
Mosquito Sprayer - Trailer
Police Radio
Police Gun
Police Equipment - Others
Park Swings
Park Rest Rooms
Typewriter
Adding Machine
Street Signs
File Cabinet
Radar Unit
Signs
Tractor and Scoop
Mowers
Tables and Chairs - Council Room
TOTAL EQUIPMENT
$ 500.00 $ 500.00
1,700.00 1,700.00
1,500.00 1,500.00
14, 793.04 14, 793.04
770.00 770.00
1, 765.61 1, 765.61
1,670.75 $ 925.00 2,595.75
-0- 604.00 604.00
75.00 75.00
2, 975.00 2, 975.00
35.00 35.00
963.93 963.93
20.00 20.00
-0- 89.00 89.00
33.48 33.48
4, 372.39 4, 372.39
220.50 220.50
233.10 233.10
203.34 203.34
300.60 300.60
995.00 995.00
130.10 130.10
2, 247.50 2, 247.50
713.60 713.60
44.60 162.50 207.10
$ 36 262 54 $ 1,780.50 $ 38,043.04
- 4 -
STATEMENT "A-1"
PaSe 2
OTHER ASSETS
Dump Ground - Gate and Fence
Streets, Sidewalks, Curbs & Gutters
Disposal Plant
Storm Sewers
Water System
Street Lighting
Sewer System
TOTAL OTHER ASSETS
TOTALS
TOTAL FIXED ASSETS
~ Fire Equipment and Building Fixed Assets
~~ Water Fund - Operating Fixed Assets
TOTAL GENERAL FIXED ASSETS TO STATEMENT "A"
$ 212, 70 $ 212, 70
176, 969.15 $ 12, 699.21 189, 668.36
196,419.35 196:,419.35
2, 734.12 2, 734.12
148,075.47 1,188.00 149, 263.47~~
19,248.00 19,248.00
291 449.27 678.74 292 128.01
$835,108.06 $ 14,565.95 $849,674.01
$922, 778.24 $ 16, 346.45
$939,124.69
$ 43,693.43
149,263.47 192,956.90
$746,167.79
- 5 -
STATEMENT "A- 2"
VILLAGE OF MONTICELLO
FIRE EQUIPMENT AND BUILDING FUND
MUNICIPAL BUILDING AND FIRE EQUIPMENT BONDS OF 19b2
BONDS DATED AUGUST 1, 1962, INTEREST PAYABLE
SEMI-ANNUALLY JUNE 1 AND DECEMBER 1, ADDITIONAL
INTEREST ON ALL BOND5 AT THE ANNUAL RATE OF 1.20%
FOR THE PERIOD AUGUST 1, 1962 TO JUNE 1, 1963
BONDS OUTSTANDING
DECEMBER 31, 1963
Number Due Date Interest Amount
1 - 5 6/1/65 3% $ 5,000.00
C~ - 10 6/1/66 3% 5,000.00
11 - 15 6/1/67 3% 5,000.00
16 - 20 6/1/68 3% 5,000.00
21 - 25 6/1/69 3. 2% 5,000.00
26 - 30 b/1/70 3. 2% 5,000.00
31 - 35 6/1/71 3. 2% 5.000.00
TOTAL MUNICIPAL BUILDING AND FIRE EQUIPMENT BONDS
OF 1962 TO STATEMENT "A" $ 35.000.00
- 6 -
STATEMENT "A-3"
VILLAGE OF MONTICELLO
WATERWORKS SINKING FUND
WATERWORKS REVENUE REFUNDING BONDS OF 1963
INTEREST PAYABLE SEMI-ANNUALLY AT 3.3%
DECEMBER 1, AND JUNE 1 EACH YEAR
ADDITIONAL 2.4% "B" COUPON FROM 6/1/63 TO 12/1/64
BONDS OUTSTANDING
DECEMBER 31, 1963
Date Due Number Principal. ____ _Interest Total
12/1/63 $ 1,140.00 $ 1,140.00
6/1/64 1,140.00 1,140.00
12/1/64 1,140.00 1,140.00
6/1165 1 - 5 $ 5,000.00 660.00 5,660.00
12/1/65 577.50 577.50
611/66 6 - 10 5,000.00 577.50 5,577.50
12/1/66 495.00 495.00
6/1/67 11 - 15 5,000.00 495.00 5,495.00
12/1/67 412.50 412.50
6/1/68 16 - 20 5,000.00 412.50 5,412.50
12/1/68 330.00 330.00
6/1/69 21 - 25 5,000.00 330.00 5,330.00
12/1/69 247.50 247.50
6/1/70 26 - 30 5, 000.00 247.50 5, 247.50
12/1/70 165.00 165.00
6/1/71 31 - 35 5,000.00 165.00 5,165.00
12/1/71 82.50 82.5G
6/1/72 36 - 40 5,000.00 82.50 5,082.50
TOTALS $ 40,000.00 $ 8,700.00 $ 48,700.00
TOTAL WATERWORKS REVENUE REFUNDING
BONDS TO STATEMENT "A" $ 40,000.00
Bonds maturing in years 1969 - 1972 (#21 - 40) are callable at the option of the
' Village on 6/1/68 or any interest date thereafter at par and accrued interest plus
a premium of $ 20.00 for each bond so redeemed.
- 7 -
STATEMENT "~~-4"
VILLAGE OF MONTICELLO
STREET IMPROVEMENT SINKING FUND
STREET IMPROVEMENT BONDS OF 1954
BONDS OUTSTANDING
DECEMBER 31, 1963
Number Due Date Interest Amount
9 4/1/64 2.75% $ 1,000.00
10 4/1/65 2.75% 1,000.00
ADDITIONAL ISSUE
81 - 90 4/1/64 2.25% 10,000.00
91 - 100 4/1/65 2.25% 10,000.00
TOTAL STREET IMPROVEMENT BONDS OF 1954 TO STATEMENT "A"
$ 22, 000•:00
STATEMENT "A- 5"
VILLAGE OF MONTICELLO pose 1
GENERAL IMPROVEMENT SINKING FUND OF 1960
CONSOLIDATEll IMPROVEMENT BONDS OF 1960
BONDS DATED JULY 1, 1960, INTEREST PAYABLE
SEMI-ANNUALLY JUNE 1, AND DECEMBER 1 EACH YEAR
ADDITIONAL INTEREST AT THE RATE OF 1.60% ON ALL BONDS
FOR THE PERICD JULY 1, 1960 TO JUNE 1j 1962
BONDS OUTSTANDING
DECEMBER 31, 1963
Number Due Date Interest Amount
5 - 6 6/1/64 4.00% $ 2,000.00
7 - 8 6/1/65 4.00% 2,000.00
9 - 10 6/1/66 4.00% 2,000.00
11 - 12 6/1/67 4.00% 2,000.00
13 - 14 6/1/68 4.00% 2,000.00
15 - 16 6/1/69 4.00% 2,000.00
17 - 18 6/1/70 4.00% 2,000:00
19 - 22 6/1/71 4.40% 4,000.00
- 8 -
STATEMENT "A-5"
Page 2
Number Due Date Interest Amount
23 - 27 6/1%72 4.40% $ 5,000.00
28 - 32 6/1/73 4.40% 5,000..00
33 - 37 6/1/74 4.40% 5,000.00
38 - 42 6/1/75 4.40% 5,000.00
43 -- 47 6/1/76 4.40% 5,000.00
48 - 52 6/1/77 4.40°!a 5,000.00
53 - 57 6/1/78 4.40% 5,000.00
58 - 62 6/1/79 4.40% 5,000.00
63 - 67 6/1/80 4.40% 5,000.00
68 - 72 6/1/81 4.40% 5, 000.00
73 - 77 6/1/82 4.40% 5,000.00
TOTAL CONSOLIDATED IMPROVEMENT BONDS OF 1960 TO STATEMENT "A" $ 73,000.00
- 9 -
STATEMENT "A-6"
VILLAGE OF MONTICELLO
GENERAL IMPROVEMENT SINKING FUND OF 1960
CONSOLIDATED IMPROVEMENT BONDS OF 1960
BONDS DATED DECEMBER 1. 1960, INTEREST AT
4.30% PER ANNUM, ADDITIONAL INTEREST AT__THE_
RATE OF 1.70% ON ALL BONDS FOR THE PERIOD
DECEMBER 1, 1960, TO OCTOBER 1, 1964
BONDS OUTSTANDING
DECEMBER 31, ]:963
Number Due Date Amount
19 - 28 10/1/64 $ 10,000.00
29 - 38 10/1/65 10,000.00
39 - 48 10/1/66 10,000.00
49 - 58 1011/67 10,000.00
59 - 68 10/1/68 10,000.00
69 - 78 10/1/69 10,000.00
79 - 93 10/1/70 15,004.00
94 - 108 10/1/71 15,000.00
109 - 123 10/1/72 15,000.00
124 - 138 10/1/73 15,0OO.OC
139 - 153 10/1/74 15,000.00
154 - 168 10/1/75 15,000.OC
169 - 183 10/1/76 15,000.00
184 - 198 10/1/77 15,000.00
199 - 213 10/1;78 15,000.00
214 - 233 10/1/79 20,000.00
234 - 253 10/1/80 20,000.00
254 - 273 10/1/81 20,000.00
274 - 293 10/1/82 20,000.00
294 - 313 10/1/83 20,000.00
314 - 333 10/1/84 20,000.00
334 - 353 10/1/85 20,000.00
354 - 378 10/1/86 25,000.00
379 - 403 10/1/87 25,000.00
404 - 428 10/1/88 25,000.00
429 - 453 10/1/89 25,000.00
454 - 478 1011/90 25,000.00
TOTAL CONSOLIDATED IMPROVEMENT BONDS OF 1960 TO STATEMENT "A" $460,000.00
- 10 -
STATEMENT "B"
VILLAGE OF MONTICELLO
SUMMARY OF CASH REVENUES EXPENDITURES AND BALANCES
FOR THE YEAR ENDED DECEMBER 31, 1963
Balance Transfer Balance
Fund 1/1/63 Revenues Expenditures In (Out) 12/31/63
General $ 2, 708.61 $ 29, 957. 9S $ 33,174.19 $ 8, 500.00 $ 4, 492.37
( 3,500.00)
Fire Equipment & Building
Water - Operating
Waterworks - Sinking
Park
Street Improvement -
Maintenance and
Capital Outlay
Street Improvement -
Sinking
General Improvement -
Construction of 1960
General Improvement -
Sinking of 1960
Sewer
206.23 3,306.47 1,976.58
2, 496.85 9, 905.37 7, 738.54
37.11 40,000.00 41,946.00
726.75 1, 488.43 649.30
(11,417.78) 3,898.39 11,042.76
16,510.19 11,961.71 11,649.00
1,536.12
( 2, 300.00) 2, 363.68
2,300.00 391.11
1,565.88
Liquor
TOTALS
9, 500.00
( 1,000.00) (10,062.15)
16,822.90
(33,230.14) 1,483.58 13,813.77 4,500.00 (41,060.33)
50,260.65 47,547.72 43,490.70 54,317.67
3,153.41 12,728.28 9,573.99 1,000.00
( 4, 500.00 ) 2, 807.70
10 561.46 107,558.34 91,174.03 (14,500.00) 12,445.77
$ 42,013.34 $269,836.24 $266,228.86 $ -0- $ 45,620.72
- 11 -
STATEMENT "B-1"
Page 1
VILLAGE OF MONTICELLO
STATEMENT OF CASH REVENUES AND EXPENDITURES
FOR THE YEAR ENDED DECEMBER 31, 1963
GENERAL FUND
REVENUES AND TRANSFER IN
County Auditor
General Revenue $ 12,653.87
Audit 977.41
P.E,R.A. 2,421.10
Mortgage Registry 126.09
Bank Excise 2,144.33
Forfeited Land 137.56 $ 18,460.36
Licenses and Permits
Business
Cigarette $ 12.00
Beer On 210.00
Beer Off 15.00
Liquor On 100.00
Taxi Cab 5.00 $ 342.00
Non-Business
Dog $ 223.00
Building 18.00
Filing Fees 18.00
Sewer Digging 24.00 283.00 625.00
Court Fines 4,776.00
Fire
Fire Calls $ 375.00
Fire Protection Contract 50.00
2% State Aid 495.58 920.58
State of Minnesota
Cigarette Tax Apportionment $ 2,865.38
Liquor Tax Apportionment 1,728.09
Mobile Home Tax 85.86 4,679.33
Other Revenue
Mowing $ 117.50
Sale of Ordinance Books 5.00
Monticello Co-op Creamery Dividend 2.93
Hillside Cemetary Care 67.00
Extra Police 10.25
Spraying 40.00
Impound Dogs 30.00
Garnishment Fee 3.00
Fire Barn Rental 10.00
Sewer Inspection Fee 25.00
Deposit on Seal Coating Specifications 5,00
Reimbursement - Traffic Fines 181.00 496.68
TOTAL REVENUES $ 29,957.95
- 12 -
STATEMENT "B-1"
Page 2
Transfer In From:
Liquor Fund $ 8.500.00
TOTAL REVENUES AND TRANSFER IN
EXPENDITURES AND TRANSFER OUT
Mayor and Council
Mayor Salary $ 180.00
Councilmen Salaries 360.00 $ 540.00
Justice
Supplies $ 2.05
3ustice Bond 18.50
Wright County - Payment of Fine 181.00 201.55
Election
Salaries $ 116.00
Supplies 36.41 152.41
Clerk
Salary $ 900.00
Clerk Bond 18.50
Deputy Clerk Bond 18.50
Printing and Publishing 479.60
Publish Financial Statements 268.00
Office Supplies 85.20
General Supplies 110.57
Employees Blanket Bond 85.65
Workmen's Compensation 814.13
Compensation - Liability 1,767.26
Workmen's Compensation (Audit) 439.27
Compensation - Liability (Audit) 48.26
Village Share P.E.R.A. 1,476.40
Tax Exempt Licenses 10.50
League Dues 93.00
Register - Lot Vacation 2.50
Checks Printed 18.65 6,635.99
Treasurer
Salary $ 120.00
Treasurer Bond 10.00 130.00
Assessor
Salary $ 600.00
Assessor Bond 10.00 610.00
Audit 502.85
Attorney Salary 165.00
Police Protection
Chief Salary $ 5,762.00
Extra Police 2,730.84
$ 38,457.95
- 13 -
STATEMEiV'I' "B-1"
Page 3
' Tele hone
P
Constable Bond
Radio Service
Office Supplies
Police Car - Gas & Oil
Equipment Repairs
General Supplies
Rental of Car
Board Prisoners
Fire Protection
Wages
Fire Barn Insurance
' Telephone
Gas and Oil
Equipment Repair
2% State Aid to Relief Association
Impound Dogs
Wages
' Labor and Material for Pens
Dog Food
Municipal Buildings
Electricity
' Supplies
Gas Line Hook-Up
Outside Hydrant
' Fuel
Street Lighting
Sanitary and Waste Removal
Bulldoze
Insect and Pest Control
Insect Spray
Rat Bait
Health Officer - Salary
Recreation Director - Salary
Cemetery - Extra Labor
Capital Outlay
Clerk's Office
Two Tables
' File
Police Department
Fire Extinguisher
Resuscitator Masks
' Fire Department
Hose
$ 100.00
62, 50
$ 23.00
66.00
$ 925.00
- 14 -
$ 287.03
20.00
50.00
62.21
1, 216.89
63.80
219.43
1,425.00
12.00 $ 11, 849, 20
$ 1,117.00
40.04
412.33
30.52
28.50
495.58 2,123.97
$ 6.00
271.54
6.75 284.29
$ 133.84
145.62
43.47
15.00
__7_49.. 78 1,087, 71
5, 252.96
312.00
$ 246.16
84.00 330.16
-^ 50.00
950.00
114.50
$ 162.50
89.00
STATEMENT "B-1"
Page 4
Smoke Inhalators $ 604.00 $ 1,529.00 $ 1,780.50
Payroll Deductions 101.10
TOTAL EXPENDITURES $ 33,174.19
Transfer Out To:
Street Improvement Fund 3.500.00
TOTAL EXPENDITURES AND TRANSFER OUT $ 36,674.19
EXCESS QF REVENUES OVER EXPENDITURES $ 1,783.76
STATEMENT "B- 2"
FIRE EQUIPMENT AND BUILDING FUND
REVENUES
County Auditor
Ad Valorem Tax $ 2,306.47
Monticello Fire Department 1,000.00
TOTAL REVENUES $ 3, 306.47
EXPENDITURES
Bond Debt Redemption
Interest $ 1,970.00
Service Charges 6.58
TOTAL EXPENDITURES 1.976.58
EXCESS OF REVENUES OVER EXPENDITURES $ 1,329.89
STATEMENT "B-3"
Page 1
WATER FUND - OPERATING
REVENUES
Water Collections
Sale of Water Connections and Supplies
TOTAL REVENUES
EXPENDITURES AND TRANSFER OUT
Water Pumping Utilities
Purification
Professional Services
Chemicals and Bleach
Freight
$ 9, 236.07
669.30
$ 802.03
$ 225.00
1,113.00
35.00 $ 1, 373.00
$ 9,905.37
- 15 -
STATEMENT "B-3"
Page 2
Waterworks
Wages $ 1,500.00
Extra Labor 571.50
Equipment Repair 37.71
General Supplies 1,490.50
Truck Rental 300.00 3,899.71
Administrative
Deputy Clerk Salary $ 375.00
Office Supplies 100.80 475.80
Capital Outlay
Water Meters $ 387.00
Digging Water Lines 730.50
Thawing for Water Lines 70.50 1,188.00
TOTAL EXPENDITURES $ 7,738.54
Transfer Out To:
Waterworks Sinking Fund 2,300.00
TOTAL EXPENDITURES AND TRANSFER OUT $ 10,038.54
EXCESS OF EXPENDITURES OVER REVENUES $ 133.17
STATEMENT "B-4"
WATERWORKS SINKING FUND
REVENUES AND TRANSFER IN
Refunding Bonds Issue 6/1/63
Transfer In From:
Water Fund
TOTAL REVENUE AND TRANSFER IN
$ 40,000.00
2,300.00
EXPENDITURES
Bond Debt Redemption
Waterworks Revenue Certificate 6/1/48
Principal
Interest
Service Charges
Revenue Refunding Bonds 6/1/63
Interest
Service Charges
TOTAL EXPENDITURES
EXCESS OF REVENUES OVER EXPENDITURES
$ 40,000.00
750.00
53.00 $ 40, 803.00
$ 1,140.00
3.00 1,143.00
$ 42,300.00
41,946.00
$ 354.00
- 16 -
STATEMENT "B- 5"
PARK FUND
?tEVE NUE S
County Auditor
Ad Valorem Tax $ 1,488.43
TOTAL REVENUES $ 1,488.43
EXPENDITURES
Extra Labor $ 432.00
Utilities 28.82
School 7.00
Equipment Repair 4.50
General Supplies 37.73
Equipment Rental
Stove for Warming House $ 5.00
Stump Removal 42.00
Cat Loader 25.75
Chain Saw 66.50 139.25
TOTAL EXPENDITURES 649.30
EXCESS OF REVENUES OVER EXPENDITURES $ 839.13
STATEMENT "B-6"
Page 1
STREET IMPROVEMENT MAINTENANCE
AND CAPITAL OUTLAY FUND
REVENUES AND TRANSFERS IN
County Auditor
Ad Valorem Tax
Road and Bridge
TOTAL REVENUE
Transfer In 'From:
Liquor Fund
General Fund
Sewer Fund
TOTAL TRANSFER IN
TOTAL REVENUES AND TRANSFER IN
EXPENDITURES AND TRANSFER OUT
Wages
Extra Labor
Gas and Oil
Maintenance and Repair Equipment
$ 3.898.39
$ 5,000.00
3,500.00
1,000.00
$ 3, 898.39
9.500.00
$ 4, 518.00
2, 490.75
706.42
808.86
$ 13, 398.39
- 17 -
STATEMENT "B- 6"
Page 2
General Supplies
Equipment Rental
Street Sweeping
Snow Removal
Truck Lettering
Capital Outlay
Parking Lot Signs
Re-lay Sidewalks
Sand, Gravel and Stabilizer
Blacktop
Payroll Deductions
TOTAL EXPENDITURES
Transfer Out To:
Sewer Fund
TOTAL EXPENDITURES AND TRANSFER OUT
$ 1, 572.61
77.00
427.00
82.50
8.00
$ 15.10
24.00
211.50
68.42 319.02
32.60
$ 11, 042.76
1, 000.00
12,042.76
EXCESS OF REVENUES OVER EXPENDITURES $ 1,355.63
STATEMENT "B- 7"
STREET IMPROVEMENT SINKING FUND
REVENUE S
County Auditor
Bond and Interest $ 9,968.72
Special Assessments 1,969.93 $ 11,938.65
Clerk' s Off ice
Special Assessments 23.06
TOTAL REVENUES $ 11,961.71
EXPENDITURES
Debt Redemption
Street Improvement Bonds 4/1/54
Principal $ 10,000.00
Interest 562.50
Service Charges 14.50 $ 10,577.00
Supplementary Street Improvement
Bonds 4/1/54
Principal $ 1,000.00
Interest 68.75
Service Charge 3.25 1,072.00
TOTAL EXPENDITURES $ 11,649.00
EXCESS OF REVENUE OVER EXPENDITURES $ 312.71
- 18 -
STATEMENT "B-8"
GENERAL IMPROVEMENT CONSTRUCTION FUND OF 1960
REVENUES AND TRANSFER IN
Sewer Connections $ 50.00
Reimbursement from General Fund 1,433.58
TOTAL REVENUE $ 1,483.58
Transfer In From:
Sewer Fund $ 3,500.00
Liquor Fund 1,000.00 4,500.00
TOTAL REVENUE AND TRANSFER IN $ 5,983.58
' EXPENDITURES
Payment For Other Funds $ 1,433.58
Capital Outlay
Engineering and Inspection $ 1,348.38
Blacktop Disposal Plant 401.28
Street Work 4,000.93
' Seal Coating 6,y629.60 12,380.19
TOTAL EXPENDITURES 13,813.77
' EXCESS OF EXPENDITURES OVER REVENUES $ 7,830.19
' STATEMENT "B-9"
GENERAL IMPROVEMENT SINKING FUND OF 1960 page 1
REVENUES
County Auditor
Bonds and Interest
' 1960 Special Assessments
1961 Special Assessments
Clerk's Office
1 Special Assessments
Certificate of Deposit - Cashed
Principal
Interest
TOTAL REVENUE
EXPENDITURES
' Debt Redemption
Consolidated Improvement Bonds of 1960
Principal
Interest
Service Charge
General Obligation Street and Sewer
Improvement Bonds of 1960
$ 25,870.51
2, 996.97
5,643.49
$ 10, 000.00
596.98
$ 10,000.00
28, 200.00
84.00
$ 34, 510.97
2, 439.77
10,596.98
$ 47, 547.72
$ 38,284.00
' - 19 -
STATEMENT "B- 9"
Page 2
Principal
Interest
Service Charges
TOTAL EXPENDITURES
EXCESS OF REVENUE OVER EXPENDITURES
$ 2, 000.00
3,196.00
10.70 5 , 206.70
43.490.70
$ 4.057.02
STATEMENT "B-10"
SEWER FUND
REVENUES AND TRANSFER IN
Sewer Permits
Sewer Collections
Sewer Connections
Rodding Sewer
Summer Oil Fi11 Refund
Insurance Claim
TOTAL REVENUES
Transfer In From:
Street Improvement Fund
TOTAL REVENUES AND TRANSFER IN
$ 315.00
11,988.50
100.00
4.00
9.90
310.88
$ 12, 728.28
1,000.00
EXPENDITURES AND TRANSFERS OUT
Wages
Extra Labor
Engineering Fees
Disposal Plant Telephone
Utilities
School
Equipment Repair
General Supplies
Fuel
Sewer Pump Rental
Insurance Claim to Great Northern Railway
Disposal Plant Fire Insurance
Capital Outlay
Digging Sewer Lines
TOTAL EXPENDITURES
Transfer Out To:
Street Improvement Fund
General Improvement Fund
TOTAL EXPENDITURES AND TRANSFER OUT
EXCESS OF EXPENDITURES OVER REVENUES
$ 3,800.00
201.75
418.77
145.91
1,438.11
23.00
9.75
1,397.62
966.02
6.00
300.88
187.44
678.74
$ 9,573.99
$ 1,000.00
3,500.00 4,500.00
$ 13, 728.28
14.073.99
$ 345.71
- 20 -
STATEMENT "B-11"
Page l
LIQUOR FUND
REVENUE S
Liquor On Sale $ 16,501.05
Liquor Off Sale 47,919.82
Beer On Sale 9,545.50
Beer Off Sale $ 18,319.21
Less: Case Paid Outs 180.13 18,139.p8
Miscellaneous Sales 15,272.96
Juke Box Commissions 114.00
Telephone Commissions 1.5,71
Cash On Hand Returned by Bank 4.00
Cash Over 45.22
Deposit From Change Fund 1..00
TOTAL REVENUES
EXPENDITURES AND TRANSFER OUT
Liquor Purchases $ 48,135.88
Less: Purchase Discounts 3,132.71 $ 45,003.17
Beer Purchases 22,323.11
Miscellaneous Merchandise Purchases 3,032.55
'
Freight 634.89
Wages $ 14, 059.75
Less: Payroll Deductions 2,197.16 11,862.59
Director of Internal Revenue 961.88
State Treasurer 806.91
Minnesota Department of Taxation 126.30
Garnishments 128.25
'
Replace Cash For N.S.F. Check 51.00
Light and Power 879.93
Store Expense 647.99
Store Supplies 30.85
Professional Fees 1,105.00
Bar Supplies 76.26
Telephone 144.00
Glassware 30.80
Repairs 321.21
Insurance 1,075.32
'
Advertising 58.80
Laundry 298.89
Licenses and Dues 103.50
Fuel 417.17
Cash Register Maintenance Contract 40.40
Burglar Alarm Service 24.00
Village Share P.E.R.A. 989.26
1
TOTAL EXPENDITURES $ 91,174.03
Transfer Out To•
$107, 558.34
- 21 -
STATEMENT "B-11"
Page 2
General Fund
General Improvement Construction
Fund of 1960
Street Improvement Fund
TOTAL EXPENDITURES AND TRANSFER OUT
' EXCESS OF REVENUES OVER EXPENDITURES
$ 8,500.00
1, 000..00
5_,000..00 $ 14,500.00
$105.674.03
$ i , 884.31
- 22 -
STATEMENT "C"
VILLAGE OF MONTICELLO
LIQUOR FUND
BALANCE SHEET
DECEMBER 31. 1963
ASSETS
CURRENT ASSETS
Cash on Hand
Cash Unaccounted For
Cash in Bank
Merchandise Inventory
TOTAL CURB.ENT ASSETS
FIXED ASSETS
Parking Lot
Furniture and Fixtures
Less: Reserve for Depreciation
Building Improvements
Less: Reserve for Depreciation
Building Improvements - 1961
Less: Reserve for Depreciation
Sink and Cocktail Unit
Less: Reserve for Depreciation
Illuminated Sign
Less: Reserve for Depreciation
TOTAL NET FIXED ASSETS
DEFERRED CHARGES
Prepaid Insurance
TOTAL ASSETS
LIABILITIES AND SURPLUS
CURRENT LIABILITIES
Accounts Payable
State Withholding Tax
Federal Withholding Tax
P.E.RA. Deductions
TOTAL CURRENT LIABILITIES
DEFERRED INCOME
Unaccounted for Cash
SURPLUS
Balance January 1, 1963
Add: Net Income for Period
TOTAL
Less: Transfer Out To:
Street Improvement Fund
General Fund
TOTAL SURPLUS
TOTAL LIABILITIES AND SURPLUS
$ 518.05
4.35
$ 17, 054.77
17.054.77
$ 14, 741.83
5,089.35
$ 7, 545.88
407.58
$ 435.00
130.71
$ 1,118.00
288.90
$ 6, 000.00
8x500.00
$ 522.40
12, 445.77
17.014.32
$ 29,982.49
$ 3 , 800.00
- 0-
9, 652.48
7,138.30
304.29
829.10
21,724.17
639.60
$ 52.346.26
$ 88.95
54.90
112.10
79.83
$ 335.78
4.35
$ 49, 808.03
16.698.10
$ 66,506.13
14, 500.00
52,006.13
S 52. 34Fi. 2b
- 23 -
STATEMENT "D"
VILLAGE OF MONTICELLO
LIQUOR FUND
STATEMENT OF INCOME AND EXPENSE
For the Period % to For the Period % to
111/63 to 131/63 Sales 10/9/63 to 12/31/63 Sales
SALES
Liquor On $16,501,05
Liquor Off 47, 919.82
Beer On 9,545..50
Beer Off 18,139.08
Miscellaneous 15,272.96
TOTAL SALES $107,378.41 100.00
COST OF SALES
Beginning Inventory $18,926.70
Add: Purchases & Freight 71,321.28
TOTAL $90,247.98
Less: Ending Inventory I7, 014.32
TOTAL COST OF SALES 73,233..66 68.20
GROSS PROFIT ON. SALES $34,144..75 31.80
OPERATING EXPENSES
Wages $14, 059.75
Light and Power 821.01
Store Expense b04.56
Professional Fees 1,020.00
Bar Supplies 97.47
Telephone 174.00
Repairs 321.21
Advertising 28.80
Laundry 273.91
Fuel 334.23
Cash Register Main t. 40.40
Burglar Alarm Maint. 24.00
Store Supplies 50.05
Insurance 1,034.93
Licenses and Dues 93.50
Liquor Commissioner Fee 10.00
Glassware 14.50
Village Share P.E.R.A, 989.26
TOTAL OPERATING EXPENSE 19,991.58 18.62
NET PROFIT FROM OPERATIONS $14,153.17 13.18
OTHER INCOME
Purchase Discounts $ 3,076.98
Telephone 15.71
Juke Box 114.00
Cash Over 50.76 3.257.45 3.03
NET INCOME BEFORE DEPRECIATION $17,410.62 16.21
Deduct: Depreciation 712.52 .66
NET INCOME FOR PERIOD $16.698.10 15.55
$ 4,116.40
13,124.53
2,113.27
3, 689.56
3,700.65
$26, 744.41 100.00
$14,604.69
20.83 7.17
$35, 441.86
17,014.32
18,427.54 68.90
$ 8,316.87 31.10
$ 3,399.14
195.25
170.98
255.00
20.73
19.00
29.25
- 0-
52.32
97.35
- 0-
- 0-
- 0-
254.13
14.50
- 0-
6.60
-O-
4.514.25 16.88
$ 3, 802.62 14.22
$ 1,079.80
-0-
44.00
12.34 1,136.14 4.25
$ 4, 938.76 18.47
178.11 .67
4,760.65 17.80
- 24 -
' STATEI~NT "E"
VILLAGE OF MONTICELLO
' TAXABLE VALUATION TAX LEVY
AND MILL RATES
1 62 1,~9f~
TAXABLE VALUATION
Real Estate $492,033.00 $497,718.00
Personal Property 9,979.00 91,815.00
0~ TALS $588.012.00 $589 533.00
' TAX LEVY AND MILL RATES
Extended In 1962 Mill 1963 Mill
Collectible In 1963 Rate 1964 Rate
General Revenue $ 12, 995'. 06 22:1 $ 12, 969.72 22.0
'
Road and Bridge 3, 998.48 6•. 8 4, 008.82 6.8
Audit 999.62 1.7 1, 002.20 1.7
Recreation and Park 1,528.84 2:6 1,532.78 2.6
Fire and Equip. - Bond and Int, 2,998.87 S:i 4,008.82 6.8
Bonds and Interest - 1960 26,519.33 45.1 25,526.78 43.3
P.E.R.A. 2, 525.46 4- 3 2, 535.00 4.3
Bonds and Interest - 1954 9,996.20 17.0 9,845.20 16.7
Hospital -0- -0- 1,768.60 3.0
TOTAL $ 61.564.-86 104.7 $ 63,197.92 107.2
SPECIAL ASSESSMENTS
..._.__
Extended In 1962 1963
Collectible In 1903 1~
Street Improvement $ 2,098.20 $ 1,964.02
' 1960 Street Improvement 3,560.94 1,600.48
1961 Improvements 6.035.20 5,781.98
TOTALS $ 11,,694.34 $ 9.346.48
- 25 -
STA NT "F"
VIDE OF MONTICELLO
FIDE RELIEF ASSOCIATION
FUND RECONCILIATION
SAVINGS ACCOUNT
FOR THE YEAR ENDED DECEMBER 3l. 193
BALANCE IN FUND JANt~,ARY 1, 1963
ADD• REVENUES
...
1963 - 2% State Aid
Interest on Certificates of Deposit
Interest on Savings Account
Certificate of Deposit Cashed
TOTAL REVENUES
TOTAL BALANCE AND RE,_ VENt1ES
LESS: EXPENDITURES
Purchase Certificate of Deposit
~,ALANCE IN FUND DEGEMBER 3Ii 1963
$ 150.24
1,~ 2$7.39
$ 1,437.63
1.000.00
$~ 437.63
~TEMENT ' ~"
VILLAGE OF_MONTICELLO
Number
13846
13847
13848
14570
?QTAL CERTIFICATES OF DEPOSIT
FIRE RELIEF ASSOC_ IATION
STATEMENT OF INVESTMENTS
SAVINGS ACCO~J6T
DECEMBER 31. 1963
CERTIFICATES O~~EPOSIT
ate
2/18/b3
2/18/63
2/18/63
12/30/63
$ 495.58
183.50
8.31
b00.00
Amount
$ 1,000.00
1,000.00
1,500.00
1.000..00
$ 4_„! 500.00
.~__.._.
- 26 -