Proprietary Funds Dec 2019 AFFIDAVIT OF PUBLICATION
STATE OF MINNESOTA )ss
COUNTY OF CARVER
IIlane Erickson being duly sworn on an oath,
tates or affirms that he/she is the Publisher's
Designated Agent of the newspaper(s)known
as:
Laker Pioneer
with the known office of issue being located
in the county of:
CARVER
with additional circulation in the counties of:
HENNEPIN
and has full knowledge of the facts stated
below:
(A)The newspaper has complied with all of
the requirements constituting qualifica-
tion as a qualified newspaper as provided
by Minn.Stat.§331A.02.
(B)This Public Notice was printed and pub-
lished in said newspaper(s) once each
week, for 1 successive week(s); the first
insertion being on 05/16/2020 and the last
insertion being on 05/16/2020.
MORTGAGE FORECLOSURE NOTICES
Pursuant to Minnesota Stat. §580.033
relating to the publication of mortgage
foreclosure notices: The newspaper complies
with the conditions described in §580.033,
ubd. 1, clause (1) or(2). If the newspaper's
ilkown office of issue is located in a county
joining the county where the mortgaged
premises or some part of the mortgaged
premises described in the notice are located,
a substantial portion of the newspaper's
circulation is in the latter county.
n
By: 1. &-`14-11""'s
Designated Agent
Subscribed and sworn to or affirmed before
me on 05/16/2020 by Diane Erickson.
9,„,&.,...-4_ 11/\ iii 0_,... pi,...„.....,_
Notary Public
DARLENE MARIE MACPHERSON
_ `' Notary Public
'"' Minnesota
='1:r :,``, My Camrussien ExpiresJanuary 31,2024 f
e Information:
owest classified rate paid by commercial users
or comparable space:
$15.00 per column inch
Ad ID 1044393
CITY OF SHOREWOOD,MINNESOTA Income(Loss)Before Contributions
STATEMENT OF NET POSITION and Transfers (270,463) (178,768) 100,227 33,687 (315,317)
PROPRIETARY FUNDS Capital Contributions 157,507 47,642 - - 205,149
DECEMBER 31,2019 Capital Contributions From Other
• Business-type Activities-Enterprise Funds Funds 50,368 4,556 9,806
230 - 64,730
Stormwater Transfers In ,000 230,000
Management Nonmajor Transfers Out (62,868) (17.056) (9.806) (89.730)
Water Sewer Utility Recycling Totals Change in Net Position (125,456) (143,626) 330,227 33,687 94,832
Assets
Current Assets Net Position,January 1 7.495,631 4.521.564 3.659.284 307259 15,983,738
Cash and temporary investments $- $1,740,552 $450,800 $307,503 $2,498,855 Net Position,December 31 $7,370,175 $4,377,938 $3.989,511 $340,946 $16,078,570
Cash with fiscal agent 280,894 - - - 280 894 The notes to the financial statements are an integral part of this statement.
Receivables CITY OF SHOREWOOD,MINNESOTA
Accrued interest - 16,360 3,738 2,140 22,238 STATEMENT OF CASH FLOWS
Accounts 88,062 287,422 113,658 45,556 534,698 PROPRIETARY FUNDS
Special assessments 51,557 32,519 13,142 5,733 102,951 FOR THE YEAR ENDED DECEMBER 31,2019
Leases 154.876 - - - 154.876 Business-type Activities-Enterprise Funds
Due from other funds - 415.413 - - 415,413 Stormwater
Due from other governments - 43.172 - - 43,172 Management Nonmajor
Water Sewer Utility Recycling Totals
Total Current Assets 575,389 2,535,438 581.338 360,932 4,053,097 -
Noncurrent Assets Cash Flows from Operating Activities
Special assessments receivable 211,507 - - - 211,507 Receipts from customers and users $435,233 $960,264 $404,644 $186,871 $1,987,012
Advances to other funds 1.015,044 - - - 1,015.044 Other receipts related to operations 6,862 8,372 107 126 15,467
Lease receivable 319.106 - - - 319,106 Payments to suppliers,contractors
Capital assets and other governments (261,111) (1,030,463) (119,280) (147,885) (1,558,739)
Land - - 1,299,567 - 1,299,567 Payments to employees (201.619) (163.258) (80.7311 (14.1541 (459,7621
Construction in progress - - 46,126 - 46,126 Net Cash Provided(Used)
Machinery and equipment 383,540 471,566 - - 855,106 by Operating Activities (20,635) 1225,085) 204.740 24,958 (16.022)
Infrastructure 9,410,910 2,723,783 - 24,516,093 Cash Flows from
12,381,400 Noncapital Financing Activities
Less accumulated Transfers out (62,868) (17,056) (9,806) - (89,730)
depreciation (6,112.467) (7,937,019) (579,1321 - (14,628,618) Transfer In - - 230,000 230,000
Net Capital Assets 6,652.473 1.945.457 3.490.344 - 12.088.274 Lease receivable paid 151.839 - - - 151,839
Total Noncurrent Assets 8,198.130 1,945,457 3.490,344 - 13.633,931 Net Cash Provided(Used)by 397,387 (415,413) - (18,026)
Total Assets 8,773.519 4,480,895 4.071,682 360,932 17.687,028 Noncapital Financing Activities 486.358 (432.469) 220,194 - 274,083
Deferred Outflows of Resources Cash Rows from Capital
Deferred pension resources 15.028 12.116 6,125 1.089 34,358 and Related Financing Activities
Liabilities Connection fees received 2,507 4,470 - - 6,977
Current Liabilities Special assessments received 35,331 - - - 35,331
Accounts and contracts payable 22,735 505 32,603 11,174 67,017 Acquisition of capital assets (285,758) (195,084) (269,870) - (750,712)
Accrued salaries payable 4,364 3,946 1,314 218 9,842 Principal paid on revenue bonds (270,000) - - - (270,000)
Due to other governments 6,764 2,858 - - 9,622 Interest paid on revenue bonds (14.325) - - - (14.325)
Due to other funds 415,413 - - - 415,413 Proceeds from sale of capital assets - 20,000 - 20.000
Accrued interest payable 5,399 - - - 5,399 Net Cash Provided(Used)by (532,245) (170,614) (269,870) - (972,729)
Bonds payable-current 275,000 - - - 275,000 Capital and Related
al Current Liabilities 729,675 7.309 33,917 11,392 782,293 Cash Flows from Investing Activities
nt Liabilities Interest received on investments 70.240 66,713 15,240 8.725 160,918
payable 555,000 - - - 555,000 Net Increase(Decrease)in
et Pension liability 113.336 91,351 46.087 8.208 258.982 Cash and Cash Equivalents 3,718 (761,455) 170,304 33,683 (553,750)
Total Noncurrent Liabilities 668,336 91,351 46,087 8.208 813,982 Cash and Cash Equivalents,January 1 277.176 2.502.007 280.496 273.820 3.333.499
Total Liabilities 1,398,011 98.660 80,004 19.600 1,596,275 Cash and Cash Equivalent,
Deferred Inflows of Resources December 31 $280,894 $1,740,552 $450,800 $307,503 $2,779,749
Deferred pension resources 20,361 16,413 8,292 1,475 46,541 Reconciliation of Cash and Cash
Net Position Equivalents to the Statement
Net investment in capital assets 5,822,473 1,945,457 3,490,344 - 11,258,274 of Net Position
Unrestricted 1.547,702 2.432.481 499.167 340.946 4,820.296 Cash arid temporary investments $- $1,740,552 $450,800 $307,503 $2,498,855
Total Net Position '.7 70 17 - 77•38 989 511 4094. '16..7: 7# Cash with fiscal agent 280.894 - - - 280.894
--------- Total Cash and Cash Equivalents
The notes to the financial statements are an integral part of this statement. $280.894 $1.740,552 $450.800 $307,503 $2.779,749
CITY OF SHOREWOOD,MINNESOTA Reconciliation of Operating Income
Operating Net Cash Provided(Used}by
STATEMENT OF REVENUES,EXPENSES AND
CHANGES IN NET POSITION Operating Activities
PROPRIETARY FUNDS Operating income(loss) $(334,351) $(277,962) $85,356 $23,917 $(503,040).
'FOR THE YEAR ENDED DECEMBER 31,2019 Adjustments to reconcile operating
Business-type Activities-Enterprise Funds income(loss)to net cash provided
(used)by operating activities
Stormwater Activities Enterprise
Other income related to
Management Nonmajor operations 6,862 8,372 107 126 15,467
Water Sewer Utility Recycling Totals Depreciation 331,158 96,378 63,641 - 491,177
Operating Revenues (Increase) decrease in assets/
Charges for services $453,252 $987,487 $404,877 $169.929 $2.015,545 deferred outflows of resources
Intergovernmental - - - 17,461 17,461 Accounts receivable (12,218) (33,319) (1,249) (1,764) (48,550)
Total Operating Revenues 453,252 987,487 404,877 187,390 2,033,006 Special assessments receivable (5,801) 6,096 1,016 1,245 2,556
Operating Expenses Deferred pension resources 1,702 791 (2,522) 173 144
Personal services 215,347 178,204 106,657 14,843 515,051 Increase(decrease)in liabilities/de-
Supplies 8,694 3,427 15,784 2,110 30,015 ferred inflows of resources
Repairs and maintenance 2,343 - 19,365 - 21,708 Accounts and contracts payable (20,049) (5,154) 29,943 745 5,485
Depreciation 331,158 96,378 63,641 - 491,177 Due to other governments 36 (34,442) - - (34,406)
Professional services 3,714 3,311 70,626 - 77,651 Net Pension liability 15,745 16,059 25,070 _ 847 57,721
Contracted services 44,145 45,899 33,166 132,445 255,655 Accrued salaries payable 746 836 432 67 2,081
Water purchases 25,538 - - - 25,538 Deferred pension resources (4,4651 (2.740) 2,946 (398) (4,657)
Utilities 66,701 10,713 - - 77,414 Net Cash Provided(Used)
Disposal charges - 920,011 - - 920,011 by Operating Activities $(20.635) $(225.0851 $204.740 $24,958 $(16,022)
Other 89.963 7,506 10.282 14.075 121.826 Noncash Capital and
Total Operating Expenses 787.603 1265.449 319.521 163,473 2.536.046 Related Financing Activities
Operating Income(Loss) 1334.351) (277,962) 85.356 23.917 (503.040) Contribution of assets from other
Nonoperating Revenues(Expenses) funds $50,368 $4,556 $9,806 0- $64,730
Special assessments 4,965 - - - 4,965 Capital assets purchased on
Interest on investments 65,104 70,822 14,764 9,644 160,334 account $19.140 $- 8- $- $19,140
a la
disposal of capital assets - 20,000 - - 20,000 The notes to the financial statement are an integral part of this statement.
neous 6,862 8,372 107 126 15,467 Continued...
expense (13.0431 - - - (13,0431
Total Nonoperating
Revenues(Expenses) 63.888 99.194 14.871 9.770 187.723