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2002-08-27
AGENDA MOUND HOUSING AND REDEVELOPMENT AUTHORITY AUGUST 27, 2002 7:20 P.M. PAGE 1. OPEN MEETING 2. ACTION APPROVING AGENDA, WITH ANY AMENDMENTS 3. ACTION APPROVING MINUTES: AUGUST 13, 2002 REGULAR 1-3 MEETING 4. VIP PROPERTY MANAGEMENT REPORT FOR INDIAN KNOLLL 4-47 MANOR, WITH ANY NECESSARY ACTION 5. ADJOURN CITY OF MOUND HOUSING AND REDEVELOPMENT AUTHORITY AUGUST 13, 2002 The Housing and Redevelopment Authority of and for the City of Mound, Minnesota, met in regular session on Tuesday, August 13, 2002, at 6:30 p.m. in the council chambers of City Hall. Members Present: Acting Chairperson Mark Hanus, Commissioners Bob Brown, David Osmek and Peter Meyer. Members Absent: Chairperson Pat Meisel Others Present: City Attorney John Dean, Executive Director Kandis Hanson, City Clerk Bonnie Ritter, Community Development Director Sarah Smith. 1. OPEN MEETING Acting Chairperson Hanus opened the meeting at 6:30 p.m. 2. APPROVE AGENDA MOTION by Osmek, seconded by Brown to approve the agenda as presented. All voted in favor. Motion carried. 3. APPROVE MINUTES MOTION by Osmek, seconded by Brown to approve the minutes of the regular July 23, 2002 meeting. All voted in favor. Motion carried. 4. POST OFFICE PROJECT A. Public Hearing on Business Subsidy Aareement with Rod Dietrich Acting Chairperson Hanus opened the public hearing at 6:31 p.m. Upon no comment being heard, the hearing was closed at 6:32 p.m. B. Action Approvina Business Subsidy Aareement MOTION by Brown, seconded by Osmek to adopt the following resolution. All voted in favor. Motion carried. RESOLUTION NO.02-09H: RESOLUTION APPROVING A BUSINESS SUBSIDY AGREEMENT BETWEEN THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MOUND, AND RODNEY R. DIETRICH AND DOREEN K. DIETRICH. 5. SET DEVELOPER WORKSHOP MOTION by Brown, seconded by Osmek to set the Developer Workshop for September 3, 2002, at 6:30 p.m. This workshop will be a joint HRA/City Council meeting. All voted in favor. Motion carried. CITY OF MOUND HOUSING AND REDEVELOPMENT AUTHORITY AUGUST 13, 2002 The Housing and Redevelopment Authority of and for the City of Mound, Minnesota, met in regular session on Tuesday, August 13, 2002, at 6:30 p.m. in the council chambers of City Hall. Members Present: Acting Chairperson Mark Hanus, Commissioners Bob Brown, David Osmek and Peter Meyer. Members Absent: Chairperson Pat Meisel Others Present: City Attorney John Dean, Executive Director Kandis Hanson, City Clerk Bonnie Ritter, Community Development Director Sarah Smith. 1. OPEN MEETING Acting Chairperson Hanus opened the meeting at 6:30 p.m. 2. APPROVE AGENDA MOTION by Osmek, seconded by Brown to approve the agenda as presented. All voted in favor. Motion carried. 3. APPROVE MINUTES MOTION by Osmek, seconded by Brown to approve the minutes of the regular July 23, 2002 meeting. All voted in favor. Motion carried. 4. POST OFFICE PROJECT A. Public Hearing on Business Subsidy Agreement with Rod Dietrich Acting Chairperson Hanus opened the public hearing at 6:31 p.m. Upon no comment being heard, the hearing was closed at 6:32 p.m. B. Action Approving Business Subsidy Agreement MOTION by Brown, seconded by Osmek to adopt the following resolution. All voted in favor. Motion carried. RESOLUTION N0.02-09H: RESOLUTION APPROVING A BUSINESS SUBSIDY AGREEMENT BETWEEN THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF MOUND, AND RODNEY R. DIETRICH AND DOREEN K. DIETRICH. 5. SET DEVELOPER WORKSHOP MOTION by Brown, seconded by Osmek to set the Developer Workshop for September 3, 2002, at 6:30 p.m. This workshop will be a joint HRAICity Council meeting. All voted in favor. Motion carried. 2 HRA Minutes -August 13, 2002 6. ADJOURN MOTION by Osmek, seconded by Brown to adjourn the meeting at 6:36 p.m. All voted in favor. Motion carried. Acting Chairperson Hanus Attest: Kandis Hanson, Executive Director 2 3 1z~17PM VIP PROPERTIES N0.068 P.2i45 MOUND WOUSINC AND R~D~VELOPMENT AUTHORITY INDIAN l~NOl.L MANOR August~OZ ' ~yu~ AT S T WIRELESS 2 4909 AL.'S MASTER PLUMBING 3 4910 gFl 4 4911 BABCOCK LANGBEIN 5 4912 B SYLVESTER 6 4913 C NABER 7 `F914 CITY OF MOUND 8 4915 FRI~NTIER COMMUNICATIONS 9 4916 IOS 10 4917 L~GHTYEAR 11 4918 N1EI 12 4919 MOUND TRUE VALUE 13 4920 R KAREI=N MILLER 14 4921 RELIANT ENERGY 15 4922 STA SAFE 1s 4923 Vlp PROPERTIES 17 4924 VIP PROPERTIES 1s 4925 vIp PRoP~RTII=s 19 4926 XCEL ENERGY $ 49.00 $ 331,02 $ sso,ao $ 115.00 $ 190.00 $ 1,714.70 $ 232.05 $ 99.37 $ 5,59 $ 932,60 $ 28.46 $ 100,00 $ 912.99 $ 573.23 $ 4,110.15 $ 2,173.51 $ 1,650.00 $ 1,135,07 14,251.24 SERVICE CALL AUG SERVICE 2001 AUDIT JUI./,gUG CERTS JUL/AUG ACCT FEE LEGAL SERVICES AUG SERVICE AUG COPIER LONG DIST 1=LEVATOR SERVICE M1SC SUPPLIES PETTY GASH JUN/JUL. GAS LOCK CHANGES MAINT/MANAGERS PAYROLL TAXES/ZND Q JUL MGMT FEE 7-6 TO 7-26 4 AUG.22.2002 12~17PM VIP PROPERTIES C N0.068 P.3i45 ~p"~~-, t' ~ S ~ 1 .~ 4eNr y'~* Sum~rra~y Statement July ZD42 ~+ or xno~re information, call MBLei Client Services at ($.00)395-5505 l+a~ (800)765.76ao Mound Hansing and Redevelopment Autb.. Account Nwuber: MNr01~0258~2001 A,c~count Name: GENEYt,P~ FXTND 8egiuniag Contributions Withdra'w'als Income Average Daffy Month Is~d. Balance Earned Balance Balance ThiB Moarh $138,417.20 ~ $0.00 $0.00 $176.05 $138,508.06 $135,593.25 fiscal YTD Endin 12/31/0 $99,419.22 $$$,000.00 $0.00 $1,180.03 $133,43$.93 $138,593.25 Acxount Nnmbcr: MN-O1-0288-2802 Account Name: MOUND HUD Beginning Contributions Withdrawals Income A~vcragts Aaily Month Ertl Balance wed Balance Balance This Month $11,256.03 s0.00 $0.00 $14.26 $11,23.39 $11,270.29 Fiscal YTD Fnd' 12/31/0 $11,170,82 $0.00 $0,00 $99.47 $11,221.20 $11,270,29 Total of all accounts Beginning Contributions Withdrawals Income Average Daily Moatb. Fsn~ Balance EaraeB Balance Balance 'this Month $149,b7$.23 $0.00 $0.00 $19D.31 $149,771,45 5149,863.54 Fiscal YTD FnAin 12/31/0 $110.584.04 $38,000.00 $0.00 $1,27950 $144,660.13 $149,563.54 July 2D02 Pages 1 5 AUG.22.2002 12~17PM VIP PROPERTIES N0.068 P.4i45 Mousing at~d Redevelopmerrt Authority of Mound ,_ Mond, Minnesota FiNANCIRI,. STATEMENTS AND SUPPLEMENTAL DATA YEAR ENDED SEPTEMBER 30, 2001 See Notes to Financial Statements 6 AUG.22.200Z 1z~17PM VIP PROPERTIES N0.068 Mousing artd Redeveiopment Authaeity of Mound P.5i45 ~,. Mound, Minnesota FiNANCIA(_ STATEMENTS _ AND SUPPLEMI=NTAL DATA YEgR ENp~d SEP'rE=Mi3ER 3D, 2D01 M TABLE OF CONTENTS Pace ibit SENERA~. Pt1RPQSE PIMA CIAI STATEMENTS ... Ind pendant Auditor's Report ~ .. i COMBINED FINARICIAL, STATEMENTS - - COMBINED BALANCI= SHEET ~ A COMB{NEIL STATEMENT OF fNCQMi=, E7CpENSES AND EQUITY 3 g COMBINE© STATEMENT OF CASH FLOUV 4 C Notes to the Financial Statements ~ COMBINING FINANCIAL STATEMENTS COMBINING BALANCE SHEET 10 COMBINING STATI=MEN1' OF iNCOMi~, F.~CPf=NSES AND EaUi~fY 1'1 coM131NINS sTaTt*Mi=NT OF cAS~i FLOVv ~2 SUPPLEMENTARY DATA Schedule of Modernization Casts ~ 3 D Repart on Compliance and on Internal Cor~troi aver Financial Reporking Based on an Audit of Financial Statements PerFormed in Accordance with Government Auditing S#andands 14 SCHEDULE OF EXPENDITURES OF FEpERA~L AWARDS 15 Federal Rats Schedule ~ 6 See Notes to FinartciaE Statements 7 AU6.22.2002 12~17PM VIP PROPERTIES tsaboocR. I..altgbein and CotrrpagY o~rrrrcr~r~, ~ PfPAnWenrl+M~oolpraRl ~ o~ Ra.d ew..[ -~' MlMwoh board o(~rrrrrisrioners est~t.a7bs Housing and Rar(eve(oprnerrE Authority of Mound Mound, Minn,a6ota 1lssiRR~G%L4f~itor's Rg~ We helve audited tho aaoornpanyi~ gQifalal pihposm Anrtnolel statements of fho Wousjng Authafity o('tlte City pF Mpurtd, Minnesota , as of and fru the year afr~ed 5epternyer 90, 20vt as I"a~l in the tebla of intents. _. 'fhKS geAeral purpose iMgnolal atate(rtanrsefe ~e reepons(bpl[y orthe Housing atnd Redevelopment Authority of Mound's rtwrragement. G1ur ~Iwsbility is to oorpfaas an opinion on these 8rtar>c~ stsnartrertta based on our eutl~, We conducted opr oudlt In a~tfanco yyf~ trttdItinp standardageneraly srceapted iR Hie unltsd Steps of gmericar and the anndards apppcable to flnanc(al PttdRs contsiined In QOVERNMEA(1' AUpITINC STANpARDS, jssued b!'the Cgf+ptt'ofia4enerai oPthe 1lgited Stafios. standards nrcryln that uw plan and PeifiM'1tr t(te ^rxi[fi to obtallt fpe5oinlblR assrrfaRC9 about whaa-ortha flnencis~l alatemerrts am froo of (s'pita~tl misst3tarpont. An sudr~ tndludae exam(ning, on s tort basis, evidence ~PPortipg tM amp and d""isaiosuros in the financial ~rstetrrenta. An audit s~lec rnGudos esfnp {~ accoutrping prirraplas reed and sipnitieant osiin nee by nranagemsrrt, as weR sa ~+el~iRg the ovaRl! g~fel purpose finandal statement proserytatjon. We believe that our audit provltlgs a reasonable ba6ys for avr oplri(op. (n our opinion, the flnapoia(afiatetrleflts fePerred to abava ptesepp fa(rly, In all rgaterlal respmcts, phe flpaneiei posldon of the ryo~~ and Redevelopment Authorfky ofi Mound as oP Sep6enrUer30.20G1, artd the -rsuhs ar Fts operations sl}tl cheneeS In ratslRed ~rpittQe and cs~sh flawfor the years than ended in oonfonnky w9th accauntirr4 princl~-las psiter8rly accepted fn fire united States PP America. In ar~ordance ~ ~/ERNMEN'~ AUDI'nKG STANDARDS, we trove oleo issy.d our fAport dated Jerre 25, 2Q02 a~ our oonslCeratlon of tiro Housing ana RWeVetuprnent Author(ty of Mound's itltemai caorrtrol awrflnancjgl repordpg and ouf pests ap its cpmPildnpe wiih sarhln provisr'ons of laws, rsgulatiene, eorrt~r~s aRd Rrari~• That report is an inteBrat part aP an audit pwfonitsd in a~dattca With GaVERNMENT AUDI'j'ING 5"1'ANDARpS oriel sheu(d be road In ctinjuctton with ~h{s report jn eonsiderinp the results o} our audh. We have also ef~mirred tho federal data schedule subm(tted to the Reset Estate Assessment CAntat REAC), our Audit was cartduetod For the purpose of forming an opinion on firs general pia flnarre(ai atatmlonts taksn as a whole, The acgMrparly~ SGtedu(e of expenditures or rederai awards apd tlt8 faders( data schadyle are prsamnud fpr purposes of add~fonal mn4rysis as roquired pY fete U,S. QR"ics of ManaOArrrent and Budget CtreulAr A-1~, Aud(ts of States, loca(eovernirrnts, ornt Norf-PnofiE ~nl~tio~e, and is qpt a required part of the General purpoaa Ar+~nq®r of the Nousirrp artd Radwebpment Autl)o}1ry of Mound. Such ipfonrnt(oq he's bean sypi~ to the auditing pr9xadures apPlred in alts audits of the serreral pwp~ finslnc(a- sntemants aid, to our opinion, ie fairly stated In ate mafellai respells (n relatlotl to thQ 9~nerai purpose Rnanol~l statol'nents as a wholQ. ~G.~Ce~t L~~;)- Ix;~t~C~~Ort~ Bapcock, Langbein once Corftparry June 26; 202 N0.06s3 P . 6145 seo Notes to Flnaneiat statements Pogo t Nw. cc. c~ec 1c: lam V1P PROPERTIES . Hawing 0nd -~a~retopment Atmority of fwd • Meynd, f~'mne~ ~M131PfEp fgAI.ANC~ sHf{~1' AI.L FU1VD TYPES qND ACCOUNT GROUPS YF-~+R ~Np>;0 s>:Pr~rna~~ ~. 2001 Prouty Fcmds AssFTS r5af~tal3LtC.~3Q..ZAQ1 CURRENT A33ETS Cash AcGagnts Revelvable /Interest ftecahrstble Invostrnents Prepaid Fxpaneaa Invenbo~es IMefproptnm Oue Fro11t Total CuRerlt Assns FtX~p Ass>=7S Land, structure and equfprnent other Assets Total As~sto LIABILITIES AND EQUITY CURRANT ~(A,BfLITIES Bank Owrdreft AeGaulles f'ey+bfa c: 6D pays A~ru~l Wsgv / P~rQtl Tax P+oly~ble Acccrued Compensated Absences • Current Portion Accounts payaple - HUD PFiA Prvgrarns Accounts Payable - PfdA Projoclg Account: Payable - Other oovemmerrt 1'ena~t Sacurty QfPOSitb Deferred Revenues Curfant Potion of l.onA~torm petit Other Current Lfat~itiare Accrued Llabllitiep -Other 111t'arprogr~m Due To Torsi CuRgrit Liabl-Ifies Loire-terrr- Dept Total L(abifitfec Fund Equity TC7TA1, I.IABILITtE3 AND EOtlIT1' S 88,43a 34.2 1fl8,980 x,857 0 1l),OOd ?22,71 B 529,867 8p,000 ~.,~ 842,as5 $ 0 18,06 400 2,065 0 Q 11,341 6r1Q3 1D,000 D 0 0 48.611 90,000 '138,811 703,57q $ 802,385_ PXHIBif A $ 72.856 114,528 ~~ 838- 0 0 41 D,646 • 773,723 $....1,1~~~ $ 0 10,a35 0 2,522 0 0 T1,197 5,641 17,738 0 S7,OS7 D 7 D.},BBD 0 ~~ 104,99D 1,079,378 ~ _'1184,,385 See Natea to Ffrtancial3tatementa N0.068 P.7i45 Pogo 2 9 AU6.22.2002 12~18PM VIP PROPERTIES HouaR1D qnd Redew(opment Author of Maurtd exH181T B ... CCMBMI=D STATEMENT OF (NC01{q~ p(Pk'IV5~5 ANQ EQUITY Ai.l. PROPRIETARY FLlNCS YEAR ENDED sEPT~MRHR 30.2001 Pr i !• F d apr e irv Operating Inconro m s 5!entQmbar S0.2A09 srelrmber QA, Bann Not'(enant Rentet Revenue $ 1,22,566 S 110,862 Tonant Rovongo - Otter 1,2gB $~ _ Tool Tol+eln# Revenue ' _ __ 123 $12 111 HtJD PHA OpersL np Grants ~ 77,821 $ Capital Grants 0 67,ZD2 Ocher Gavammerih GraTtts 4S,QOD 2s4,50p I~vesttttent Income - llnest(icted 8,857 12,080 Fraud Recovery 0 0 Other Revonw 3,859 7,158 GBiMi.osg an Sale of Fixod Assets (i73) 0 Invesdrnnt Incorpe - RasthGUed 0 0 _. Total Revenue - 2133,07ti 217,151 OPeratlnQ Expenses Adminlstratlorl 50087 30,139 . Tenant 8eriices 0 0 Ut11~?iar 51,OIS 3d 857 r Ord>nary ma(ntonance antl ol+erBGon 134 ~ 18A 84, General a'xpens~ 7,793 21,A02 TatdlO eratm Haas g E~ P 243 2 ,1 T ~ -~ 155 582' , Excess roans R Q eve Ope evenu r ratin ~ ~ 9l=xpen 1,9,949 - 67,589 other In~rr~ (~tPefuto~) I II Extrao~nery ~Aaintenance (23,2s~ 0 casualty Losses - Naq-Caplt4l{aad 0 0 Wousine As6istanQa Payrrrerrte 0 D DspracFntfon Expense (71,287) (~~~ Fraud Lasses 0 D ToYat Other income (5xpense) ' "" 64,53 _ (~ • Other Flnanatng 9oyrcos (Usos) Qpe+fltfr'~9 T+ansfers In ti3,SEt2 p cPe~fn9 Tr~n~t~ out: ' ~ 0 Total Other F mancing Sources (Uses) 0 0 Excoss (Do(Kloncy) ar Operating Rovonuo Oval Near) 6cpense6 (T4,587) 17,282 Bevinnina' ~~~ ^'1,079,379 1 ,BAS r~ Phfa!' 3'er10[) AdJCr~ent6, F.gUlty Tninsi°erB ®nd Correction of Errors q 21 0297,558} Ending Eq~iry $ 70.'1,574 ~ 7,a79,~ see Notes to Ffr-~anaial 8t~tements N0.068 P.8i45 Pogo 3 ~~ HUG.22.2002 12~18PM VIP PROPERTIES EXF{IBir C - N¢c~sinp and R.deiretoprr~q~t Amy ~ tKocnd ' fl+lhlhesota COMtRINED T~TE ~ CP CgSH FLOW ALI. PROPR 1~7ARY FUNDS • - YEAR pNb~D SEPT~.}y-t3ER 90 2001 , Pro ri rarrr,Funds ~~~~ ~CCI~f, Cash Flcw Fram Ope~ong Crash Reco(ved From Tertan#s Fedentl Funds Racefvd $ 237,898 $ 190,852 Other Cash RecefVe~ 77'821 87,702 . 67,801 25.656 C®sh pald to Etpptoyaes (47,2114) - Cash paid to 3upp(ie~ (34,090] Total Cash flow from operations --~a"~~ _. . x,789} {468,173 114,323 casFr Flow From tnr~sting AativitiQs Inte{est Recxived 8,857 Capir+l ~p4ndituPOe 1 ' _ ~,~) Totp1 Cash IoW from Q Q5 Investing Activftres 918 _ 3,DZ5 C:ah l;low from! FindllcinQ AGtiVIN~s _ _ _ Procaod~ from looms, Hates And bGrlds 0 Tro~sf+rs from {Lo) other Fonda 0 Prlnclpat Pa-d on Lang term t'obt ~ 0 - Total Gash flow from Fnan D c~ng ActivfEies , _ ~ 0 v a Total [ncrQOlso (Oecreaaey in Cash ~'467 `~ 7 --- s 11 ,948 _-_, -- Cash Baiatlce, BQginn~7g oP the }roar x85.160 177,832 cash Balance, end of the ye8r ~~ 2os~a~s ~ 2s~~16o_ Aeh le 4glt~rq n ^9 dncMlW. iwl~N n,d urKd~r ~paquryt-~t{d e8 paary rn 1nntl. FtsconGillaklon of Net inccarre (L.aas) ~ cheg9e It1 Gash See Notos to ~irgincial Stgtotrwnts N0.068 P.9i45 Papd 4 ~~ AUG.22.2OO2 12~18PM VIP PROPERTIES liousiny and Redgvetopment A of N(ound Notes to the Firwatciai'~eR101'rti - Mound, ir~nrteso>$ Seppanlber 30, 2p01 I. $JJtn[ggrx,of SienHlcarrt bM.,,,..tt ~ YM'M f~rtaneial ahFeinenta of the Hquslnp and fiedeveloprtteryt Auttp~y of tuocrnd (A,~rfty) conform to 9u1~!(Y accepted accotlp~RG principles. A. E11.t3~RDItIt1fl.F.~1tX The Hogairtp and (tedeVetepmartt Atxharftv of Mound operates 86 a local aovemment anti for the purposo of P~dlrrg hou:Inq and r'edsvloPnl9M 6enriGes to the local area. The govemi~ body ~n~ of a five member board of comrrrissioners appointed by the Mayor to earv• tiw y~r term.. GelklaiN accepted '~rmting prlrreipls require than th+iMen~al fepgrtlny AP ley rndude the primary eovemmont and «nrrponent ynlrs for which H+e pririlaN gaventmetd fs financially aecour~bte, under theca princip(~ fire Aulfton'ty+ does rot heMe qnY ~Poneflt units, 9. Basis of AtcouRdnfl / Mae:urerrrent Focus baste of arxoun6np refers to vVAen feYenues Rlnd expendtufes or expenses era re~gn~ In the accounts and reported in the nr~npigl statsntenta. Basis of accountltrp relates to the timing of the inoasurerrrant tirade, rspardless aP tM moa:urornent focus appped. Basis of Aaounrih6 delerrnlnos whon a hansactlon iz recap, Mea~uramarrt focus determines Wllgt fhe h1tld measures. P'urtds of the HRA rtieaeure net income. F_xpsndituros are recorded ~ expense Is inwmed, Revartttas are recorded ae earned, DaprecFation is roc~a fled art ipced rnet's. The HRA is following F1~96~s fswed trafnte 11/30/85. AI( (ands. are enterPrlse {pride whloh report on the acuuei basis oFaccount~nG. c, Pall~~{1pLlttg,-.Aaonrat Basra The AtrthoiRYs lirtehciat Btatsrnents are prpsented•oq the aaetral basis a eeeoultGpg. Under aGGtuai baa(s oPaccountinQ, revenges are racoggjzed wtrsn they era lamed. ExPen~duras an recoiq~d when lipbi-itlec are roamed. lntergavemmentsl revenues qrq reported in oorirormily with the lapel and aontrgcRlal (equirements of the Individual prugranrs, Gen~~y, grant rovanus le rocavn(aed when the corrospondli>a expenditure is incyrred, The Authority a(ro rewiwos an ennuq(epPraPtta#on ~I [~uD, whicft le reooflrllzed qa -ewr>ue when roceryed, unless Ct is fec!aived ~. to the period to which R ePP6es, In trek case, rrv+nue rbcagriitfury is then defwred grrtrl th¢ aRprapriape perrad. (vestment eaminfls and tevemae from oihef sources are taeognlxs4 when earned, D. R ~dtlek nfcurn~rn.. The Aytlrority adopts an eatimabed (eVerlue and expeRdltUre Dudget for each Fund. ~+tp~lfisons of estiniataQ revsquss and btrdtT~4 eflpanditurerr to PeWal ere not prasepted in the ~rnanaal statrrrienfs, Ar1-endmarrb to fhs orlgina- budget; r'0 board gpprovpl. +4pproPllatior~ lapse at yoar end. Tfle Authority door not Uric ena+mbralico eoceunting. 8~ae IUafesto Finanelal Stitornenbs N0.O68 P.1Oi45 Pape 6 12 1z~18PM UIP PROPERTIES N0.068 P.11i45 ~,~~~,ti and Reaevgoprnant~nontyof Mound t+<otes ts?ttte Finartclq(S~tet-re+ita Hoysine anq Redev~slopment Acrtnority of Mound Notes to the Flttanciati Statem¢n;ffi Mound, Minnesota 4. dsa~ lirresgper~t eroatgtad~ f$(rv>tlw, exospt far rtgrnnegnkiabN oKttfieates of depo9it, which are oR a coat 6asis~ mRd st,ort~emt rnolleY tllattcat Irlvestlmentsr which are Stated at aittorti~d cost All chQCklita, wings, certifwat~a of paposit an*< ash on hand ors includod In cash ~ the cash pow statement. )=~sl-Assets..sad..i<ZoRit'ztatlQnc~Gfulsdn.~411~c Fixed assets era recorged at historical cost ar gstimal~d hlstodcal cost, pepree~tlon is recorded Using the Straight Eno method over the Yariog6 lives of the assets which range from thrw to folly yaa~. 2. ),,,j~kt7j +~, All 11Pbi11tfws era recorded ~ incttrrad In tyre appr4ph8t~ enterpfise fund. S. ~g-1~ Reserved fund pelarice ind~es i}re PPrtl~l of hwnd a94ity Yvhlch as bears legally 9egid far specific pytposaa o- is RoC approPflable for sPer-ding, . -- UnrMSOlved, desiQnat~i aecougt lndpcatfl$ the pottioq M fund equity that rho Autheri[y has set Sside for p(anROd fs,h,re oxpon~'ity~s. tJnraseryeq, urtdeaignated eccovgt Inglcsstas the padion Qf fund balance wryich is .. avapab(e for berdgeYinp and sPendirw in future periods. oonM6utod cepknl represarns Cun'~nt qnd prior contri6ugon: fjvm HuD which WrrrQ used pr(marnly to purchaso Fixed assofis. T[~esq altroun#s havo been radgced by dsprecietion on feud assets, F• ~~-~nCf ~ialiL~y.F under She flr~thrb'ItY`$ Persar-nal policies, alnplayaes ape granted vacatioq and aiok laaw Ip vprying atrlr+-Itlls ~a>:ed on their Ieg9Ch of selvke end elnpbY~ status. a, TRialS%oivmn Rri g bit The total colvR,n oR the rol7ibined ataton~ent is captioned •rne-norond~mt only" to jndfcate ttrat is It praserited onlyto faralitate fttamciai aRalyaly, pats )n the colurnq does trot present financial poaldon or raauRS of ope~gana in conforrplly with generofty accepted grcour~ing Pdnafpida- Sao NOtea to Finartcip) Strttentents Page 6 13 ' AUG .22.2002 12 ~ 18PMa ~ RVIP~PR~ OPE~RT~I ~ ~ found N0.068 P .12/45 Notes to ~a Fn~otclgi S4hmerrts _ Houeirtg griCi RedevpropnMryt q~dly, of Mound 1 Notar ~ the Finance) Statemer~ Mound, ii~linhersata ._ i4-2fFRii~~d 1r1Y~imgpjg Stet. etwturs and WUD re~ulQtions ragpir® that 80 au>:hor,ty dePps(ts >» covered i~Y insurarnce, syro(y toad, or a>-fylterai. ... following is a summary efthe d•P°sits Havered by a or GRi~aatetiel at Year mod; Cowrod psposlfs Ir-su-'ed. or eolteterailz~d wjt11 secures hey by the Authorfty or its agent in the AsrthrnltYe 1>~Ime Collatrral'rted wkh securh~os head by fife plraigin9 firnncjal Irtst{tutioq's trust'deP'a1lTrient ar a~rrt In th~r autharit~s clams Total Coveroq iita Book X012 Bank 5100,000 X106,000 51,419 Si09,419 9A18 ~pg•419 Stan statutrs aiutho~re the fiRAto invest irf obl(~gogs or tho U,3, Treasury, eOenWrs, snd Inatrumeritafities, 9h~ree ~ im+estftta~t comP;itibs Whose oRiY ~~~ are ht tM fareRtenfanetl eaaur(tles, obllgeiSons of the Stye or Its muniaP=littes, bankers' acerptances,,,'yture contracts, ropu~eh~ acrd rrvrae reP~i~ae agreements, and rotnmwe~Ol papQr of the h~9hrat quatfty urlth a maturjiy of qo tangsr t(am I70 doys. invostmer~ hold hY titr HR,4 a}t Year end cies~d ~ to eredit risk are es follows: Cvtagoe~r 1 • lnoarad op mgielaevd, ~ la4~itioe -1e1d 1y t;ho E02,4, agent i~L Gee II12Ata ilerteo, eawgory 2 - Uninsured and urn~ietered, wiHi reog meld by the cormtotpmty'a hv,rl deparCu~t or ~[~ fn tho f3TtA'a name. Category 3 ' tJaituiamd end u~g+~and, wills gccottitiDe botd the cagateeps~iy oQ' by its tenet agent ~ agent bnt not im thn ~~e ~ ' Cak~gorp MQUOy 1~tarkot ~ C~tificatw ofn~Dpnmt /Utter t ~ Vain Ot~rcr ~4iie S 209 419 S 209,.¢39 $ 209,419 Tuaal t) 0 0 ~ ~~ ~09~41~ ~ -~-~ 2099 $_. 2o9,a19 5re Notrs in Financial ~Catonlonis Page 7 14 Hu~.cc.caac 1c~1sNM VIP PROPERTIES Houerng and Res~a~lopmentl+,uthorftyo~-u(ouhd Notes to tfte Finono}~i StatentantY ' ._. HousiRS1 ~+d Rad•winprRent Authority of Mound Notes to the t=inancldl Staterpsnts Mound, Minnesom September 84, 2001 - (if. Ohann.~r in (iQrrarai t<, A. AasQts A eyrrimarY 4f the Itked aya~g ~ ~t•mbe/30, 2001; Adjuatmartts/ Land ~('tRC~O ~ ~RkIQIIe ED.~iti ._ l.afld Imprcvementa 0 X 0 t.SlO 0 Butidff'pa 2,012,233 4,417 Construd(oR In Progress ~ 0 0 0 2,016,650 p Equlprnent and Other ei9,315 2,752 ' ~ 0 0 t) 52 067 Total _ 2;OB1r5g8 _._,,, 7,168 Accumulated bepreciatlon {1 87,825) g 2 ~.,.~ T 5>0 (180.54E~ , 2 d69~„Z87 ^(1 ~339,62Q) ,_ ot#1 ?73,7'23 w „~.rB4_,,078} ,,,_ 79}S .. ~! 78~ ~ 1 _$528 667 Current year depregi$~on e~ensrs is X71,147. N. Li~tiifl~~ ~~mber8~.2oa~ Llab((Itte4 rit yoq~ end consisted ofth• fogowinp; CURRENT I.IABILITIE.S B$nk o~dra(t acrourris P>4yable a~ gq pays AtcR,od Uttagq / PeYroll Tefc f'aY4bf4 Acccated comP•naated absences - Current Portion Accounts payab(s , ryUQ PHA !'roprams Accounts Payable - PHA projects Acccurrts Paygpie - Qther Go~emmant T®mm~t security popnsitrs Defiarhd Revenues Other Cumnt Ltabiltci4s accrued Lispihfies - Other Intsrpro9ram Dtr~ To Tohl Currant (.jab~RJes Long-farm Debt Total Liabll~t(es -- JntttGtattsi.AcBCttu~ }nta-proprarn pua Ta IntorproQrarn Due ~r4m Qr;~tlne Trans .~ OP~ratfg9 Trt~tsfars In CPermtinta Trarrafars Out $ o 1$.o6z 400 2o6s 0 0 11,341 6,103 8313 a 4 0 ~{8.B11 90.U00 $ ~ ~138~811_ $10Q,aQ0 G.parel X900,000 Pub11G ftOtts(n9 X83,842 Pubflc Notssir}g ($63,842) Capltaf Fund(rr~ ~tr~x Fufld equity belancea gre elass(Fed ea Feitows to raf•4,cp the limhat]ons artd ros}~jutiona of the respectivo 1urldr Contributed Capltml _ . Unreserved RKetrrod EaminO$ $ Q 10,638 0 2,522 0 0 11,187 5,541- 17,738 57.os7 0 0 104,~0~ 0 $ ~~~104 890_ This wn1 br rpatd ovtr ten yoar• qt ~1q,000 p•r year slarfmp in 2002, ~ 756r0oo Total ~`~'~' ~ ~03~57'4 Sw tVoRes to Fnaito(q(statem•nts N0.068 P.13i45 Rage 8 15 AUG.22.2002 12~18PM VIP PROPERTIES Hausipg and RedeveteF,rtrent,4ugtoYr~, or Mound tJotrs to the Flnaneiat Strnts -- Fla-sint7 atx! Redaya-opr~oRt' A4theeity of Mound Noxra to the Ffrtslttoi+ai 5!a'teniNt~s AAOltttd, Mjnnesotp Srptamt~er 30, 2004 V. - Charig•s in ~Olttpentragt4d .g6senGrr for the period rndod septenlbrt 30, 2001: Weisner SrpRamber 30, 2QpD ~ 2,522 Nst changrs in comprnsatod absrnas (~ ~. Balarto• Septuti6•r 30, 2001. $ 2.068 VI. BtaK.tifatt~t~tta~tet .~_. - errors and otY is exposrd to varictis risks of loss to tvtttt; theft nf, datt~apr to, rnd dashvdlotl of assets; m~net injtulrs to errypiayrlrs; wntit•rs' ~mis~tlat otaims, and nHtursl dlrastets, Property and casusiRy and wakrt's ~tt-P*rtwltion gabilitirea aro insured. The AutMtQl'ftY t~ataltts risk for the drduatible Portions of the iltauluRoe. 'i'he arrlourlxs ~ ~~ dedttotlblrs are eonttidrrrd Immaterial to thr generat Purpos@ ffilrl~ial tstatsritertt:s. X16 UsiQ of Estimatra Thr prapatatian oP tlr+anclal atatemrtrts M conibnn~y ~fft pettaigpy accaptrd accoupting U ea - ~VIIb9 -~~tl~tt1ent to ntakr rstimetrs and a:ssufttpdor{s that aA`rct ~ reported artloV~ of assets end liabilities and disc~asure of'~~rrtt ~~ and psbiilFfrs sit the date of fife tinanclai statements and reported amounts of reVagVes and ngoeh~ee during Cite imrjod. Actual results cCUid dlfler front those rstlrttetbe. Viii. Rrttrrmeht PiiR 1'he HRA has rlo W(rent aopyr retlYoment plan. -- Vtll. Prior period e~rartments/~gUiiY trarrsfws P-ror adlnstmartts f E4~tY tn3ttsfer>: reeor~ ohanpes and adjustffleRts to fpasd ~ dnd the transtbp o'F $70,000 to the ~[t Y ~ Mound from the Gerteraf Furth. See Np~s to Financlal Sgtotrwnta N0.068 P.14i45 P~gv 9 16 HuV.C~.~dQZ 12~19PM VIP PROPERTIES N0.668 P.15i45 HoµSrnQ 4nd R~~voloprner>t Ayq~Aty of rrkunq Mognd, Mirlrlaaa~. CafilflBlNIPft3 B~tr_ANCB $HE'~T PROPRIETARY ft-N~. 8eptsmber 30, 2001 • S~plenb•raa, roc Compl'ehensiv Public ~ p~t~~uuoutt LaN- Rent ' ~ trnprowm~nt lio~r8in® Capital F Ubfic GerMersJ Hous~g Fu d Rssist~nar r Pund n Pros am Prt-grarn o oplr~ ~ Tatd! Ass~Ts CURREtyT Asst=TS Cash Accoygts Racaivabto flntera6t Roceivab 99,439 0 le 342 0 0 98,439 Imre~tments Prmpald Fxponsas 0 7 t,i 41 98,869 0 0 0 0 ~ 109,880 1 222 324- Inveptoiies Z'9~ 0 0 0 0 2,957 , 958 irrcorprogram Dya From 0 0 10,l~JO 0 p G 0 Total CryReel~ Assts 113.849 108.888 - ~_~ ~ 0 -•• 10.000. 7 0 , -~ ~ ~, f8 d10.6RB FIXED A33{=T'S Lxrld. a4u~ture and ac(Utpmmnt 867,178 0 192 +491 , 0 5Z9,B87 778,T,Z3 Othor Assets 0 90,000 0 90,pOp a Total Assets __„ ~g1A~ ~^ ~gg.6B9 497 0 8d2,~5 1.164s369 LI/lBl~(TIES ANn EQUITY CURRENT LIAptL(T(F.S dank ovorar~R o aocourrts P~y~ <- sa Qays a 18062 p e c 0 ~ Acc1'ued WaQa! PayMO(t Tax P,+~yah(s ,~ ° 0 18,092 10,835 Acceivod Campensatad Absences - ~4RoAK I~ortiAn 2 066 ~ 0 0 404 0 Ar,COUI7ts PaYabl~r - BUD PHA }fio4t4tns , 0 0 0 2,QB6 2,52'2 AcoD4-~fs i'eyabla - PNa F'roJtcts 0 0 0 0 0 0 AoCOUMS Pgy~ebfe - Otftsr Gwemment ' 0 11 $47 0 0 0 p 0; 7 enent Security Depa~ , 0 6 0 0 11,341. 11,997 Porerract Revo~yas '~ ~ 0 ° 0 8,103 5,641..` current potfon of tanat~rm Dmbt 10,400 ° ~ 17,x$ Auer Currant Lispjfitfas 0 10,000 Aacryed Llabill6es- Other 0 0 0 0 57;a~ It+~rproprani Duo To ~ 0 0 0 0 0 Ta1al currolyt Llebflitias ° AS 811 0 o n n o ' p -,.._.Q 98,81iA 704,890 Long-torrn Retst Total Llabffjtlea ~ ~ ~ ~,~ o i88 p 81 1 ` ~ p 0 ~. _ 138.81 ,„ 904,890 Fund Equity TOTAL LIABILRIE8 AND EQUITY 342,274 798,669 46 99889 18Z 1 2 0 -M . 709Tb7k . 1+079,378_ 6 i_ =- 0 ._ ~ _ ~. 1~lsgass Sae. Notos to Fntancia- 9b~bmonts Pace 10 17 AUG.22.2002 12~19PM VIP PROPERTIES N0.068 P.16i45 ' Heusing and Redrvsiopma~ qy~p~ a1 MouR4 ` ~ OOtt!lElAlllitf3 STATEMENT O1: tNCpM F.XPENS~S AR10 eQt1l1Y Al.l. PROPRIEjARY FUNps YEAR FNbEp &EPT~MBER 30, 2001 ~ro•r ~, ~~ SNQIORANOyH p,~p~pyM ~,,, ~~ O~Pive Pubifc HourfnA - PuWio f3erter~$f I~aiaWmot GapfYal Fund ~-~ng Fund Pmgram Program orv~rt oM-v} ?st~ftl ,z OPdT>fi4rIG Incorrts Net T~natlt Rental Rovanue 722,589 0 Teristrt Rwonue-Other 1'~6 0 0 0 122+~ 11Q,852 - Total Tettent Revsnuo 1Z3,s12 - 0 ~ 0 0 1 2qg ~ S5a HUD pyA OWta#in9 GrarRa 13,979 2 p' 0 -., 123,612 ~ 114`7'1 t capital Grafts 0 0 tl 83,64'2 77,821 -' 502 other Gova~rtmaitit tgrartts ~ 0 ~ ~ 0 investment IRCpthe - Ut>astrletad 1,317 0 ' 7„~40 p 0 x19,000 2r3,SOp ~~ 0 8,9 Q 12,080 allerl~e 3,95a 0 p ref Mt.oas on SBIa 4f Fhce4 Assets (1 0 0 3+~ i 158 Invesirgortt Income - Restrleted p Q ~ Q (1'~) 0 - Total Rovanue 14Z,8&t ----.-- 56',340 ---._.. 0 _63L642 _ 0 29,076 4 ~-..217.151 Opet~ng Expenses Adminishation 38,82& 0 .. Tenant 9atvlcrts U 0 0 tl 0 tl 50,087 30,138 t~R1es orarr,ary molnlnnenco Ana ors•tvtleq 51,013 13q,.~,y 0 0 0 0 0 0 51,013 0 38 857 general expense 7.793 tl p 0 134,234 , 64,954 TgtslOPot~Rg6cpensas 292656 ~ `-'-p ---'~.~ 7,793 21,442 '- Excr~as 4Pe-atittp Revenue ovor ,~ ^" ~ ~ ~ .. 243,72 955,582 Operating EXperleas {t}9,g7'4) SB,3gp p g3 ~ 1 ~ Other Income (Expetr+sa) , 9,949 61,St39 _.. Extraordinary Maintenance (23,289) p CasaaltY Losses - Nor~CSpike(ized p 0 0 0 ,28 ~ hlousinD Assls~nea paymonts 0 0 0 0 0 Deprsc:l8t(nn Expense ~1a4d L.OHeQY - (43,381) a 0 (27 858) 0 ~ 0 (11,24?) 0 ,Z.~ (44 T~1. ~r Incomo (Ee) ' t66,680f 0 "p ---......- -.-.- 0 0 ~ 0 Other F ~s~nH 8out~es {Uses} ~ (27.868 ,~ (~,53~ (44277) ORenst+ng Transhrs Irt -'-'g3 ~ -°~.- 0 --~...__ _,... ~~ Operating Transfers Out tl ~-~--~- o a 0 B3,B42 ' -" p - Total C?H+BI' Frnancfrt9 Soyrces ({.rasa) 83 ~ 2 • 0- - C ~~ , ~, ~B,t2) - ---~- p , ~ ~ Ehccess (OafiGerlry) of Opere{ir~ Revenue Over (Under} Expenses (82,812} 56.340 (27 858) p • , n~,587) 17,2®2 E3eglnninsa ~9UftY 478,087 222,7>~ 138 ,484 -" p 1,079,379 ' ~1,3S8,8d5 Prior Peliad Adjustments, Equgy - Tn,nelars and Carfaeticn of Errors AO.tl7t I70,Op0~ (18i,14 7 ~ 0 1=nding Equity 3424 , , 20912 8 1 218 ; ~?Y491 _.,, p _7'03 ST4 1~07t~ 379 see Notes to Fnanaal SWtntner,ts Papa 11 ~8 AUG.22.2002 12~19PM VIP PROPERTIES N0.068 P.17i45 • Fiagsfnp 11'rQ Redevelopm.trs halfiortf.T oP Nloenq Mound, wlilxreaota . CQMBINIMc=F STATEMENT Qp CASH FLOW Al.t. PRQPRIETAtZY FUPIQS YF_AR ENDEb SF_P'T'EMBER 30, 2~1 IMOtt~R~tvoUw BaPhrt1~Y90. ~R Comp[~hansiv Public ~ a Housing l.ow Rent Impl'ovemenE CapPtal Aulbiic Ganerdl Assls#~noe Fucfd Hocasirte Puna Program Progrmt o-rtrr q~~ .Is~l I~ Cash Ftow From Cperafiorps Cash Reeeived 1'fom Tepante 3 237,9ss ~ 0 ~ 0 $ 0 237,8 110,852 Federal Fends Reca~ved 13,879 0 Ofher Gash Received 67 9111 0 0 B3,842 77;821 67,702 , 0 0 ~7,~( 25,B~B Cash paid to Employers (47,2,94) p p 0 {47,28+Q {S~g 080) Cash pald to SupPtiars (S2A_311) (131,259? 1"oral cash flow from operations ~?51, 61~ ~~1 (148,939) _ (148.999) _ 0 ~ ~83~A42 (SO4:S08~ ~A981,~ , {55,7'89) 114,928 cash Ftow prom investing Acfivities Intsr~stlteceived 9.817 7,380 capital Expotldliur+rR 224,1316 0 -" "' 0 ~2,56~ 0 B,BSJ , „ (7 ~73~ 12,080 ~IDA58~ Tat~1 Cash tlotin- From ptvesting ~ w, _ Activities 226,133 ..,.7,340 ~2,55v~ 0 919 3~5• Cash t=1o'w From Financing Activities 0 0 Proceeds From logos, natws ana bohds 0 0 p 0 0 0 1`ral9sfers {foryt (to) other FUrids 63,BA2 {fi3,842) 0 0 Prtncipal paiel on (,eilg~Art Dabt 0 0 0 0 0 p Tatel Cash flaw from Firtarlcfng Actfvitfos .-.,. 63,842 ~0 0 ~~ o 0 Total fner~ease (Otcrease) if1 Cash 38,158 123r,911~ _..~..., _ _._. 1,494) _.5~ .,.. 0 (A87~255) 117,948 Cash 6a{anoe, Baginnipg olthe year 72,392 222,788 391,484 0 67G,874 177,832 Cash Bafanee, End of the y~r $ 110.550 $ w 96,E $ ~, Q $ ^. 0 ?A9.A19: ~ 5,,7aD ~~d IA erAnaa se all el~eak8'w. qi0 caAlAc+ts aeee+~h en4 at tarh q'taRp. Lee Not+aito ~rrencral stelements Pays 92 19 AU6.22.2OO2 12~19PM VIP PROPERTIES Haetsht9 apd Rec~ewer EXH1dIT D ~na.~Mir~ o a Mind Soffedul~ of NMaderti~atlon Costs 8eptontt~ar 34, 2t1L1't 2000 CsPtkal ?fit p11QS1.~.g ToCat Funds Approved $63,8-02 $63,842 Total. Funds RQestvad 63,842 g~g4~ RQrnaigfng Furts~s )h~ _ ' 8fl~ Total f:ur~da Received 863.$42 $63,t~42 7otsi Funds Expehc(ad 83.842 83,842 Fuhds on Hanel -~.~Q ~~ 3totius C~t~-In4'e Recetvsd dulfn9 Ctmmrn Year ~i,egz ;0 sw N~ to Fit~rrela) Statoments N0.O68 '"P. 18/45 Raga 13 20 AU~.22.2OO2 12.19Pt~1 VIP PROPERTIES HoysIRQ aryl }iodave)oprRrRtAulhority of MQUnd ' Mound, Minner#a •- 8eptember90, 2001 At1d)TCR'S R~PCRT Report en Comprfanoe and an IrrterrtaP Curttrol aver P"it~rtoial Ftepoiting 13ised on an Audit of Flnanafal Stmtaments Prrliormsr! in Acaardance wFth GOVernTrtertt Audit7rrQ St~ndardt We hive audRed tt-4 flRanclal et~errtants of Houaln9 t-t+d RedevefoPmettt Authority 4i Mwmd as of and foi thr yQar rrydsd s.ptambar ~, 200, and have isaurd our report thtreon dated Jyfle 2P3, 2002 Wo conducted cur audit iP acc4fd;Arlce wi~19an4laliy acc.ptad aud'~D stand~r~5 and __ tit* at~ndardsi app{icagle to fin:tRclai sydPEs contMined in ~oV~RNM~M' AUQITIPdG STAPVDARQS, )sued trytha CoRlptrollrrGanwral of the Unltrd 3taK.s, comptran~ As Part of obtaininD reseon~ble gFaurancq Pi7oL~t whether the ASrthority's Rnsnda) statrt>1.ryts era ffea of nlat.rial rylis.tatmrrlt, a+a p.r(orlTwd t..ta of Pee aPmpfiancev~ith certain provisions of laws, r.Qylatione, contracts and flrantt, nanwmplian~e v+teh which cou)d qQV. a direct a1Rd rRatorla) afioct oR the dsFemltt'rtloq of prmpc)a) stanmeht amounts. However, pravjdinH an opinion on compliance with those provis)ons Was not ~fl ohlectiva of our ayd$ and, accordin9fr, WB ~o not eKprass such an cpinlal. The ~vsults PF oyr tee dlsc)osed no 1~Rces of norycn~¢I)alncr that are rtgylr.d to ~ r.portsd undrr Govmrrwnt E4uditiRG Standards, )Rteritgl Control over ~rtancial Reportiryg In Planning and PeriCfmine oyr audlP, we cpnsldpred the Authority's PntorraP cot>trol over fiRinaial rsParklR9 IR orc~.r to dtrnr,in* our aud)dn0 pr~d41'es ~r the Purpose of expreasinR our opinion an the RnAn~al atatement~ and notto prwida aszyfanoa on the inierna! eonhoP ovartiiwnc~al raportlnG. Ouresfl6lderation of the irdemal contra! over financial reparnns would noc nrcessarty dhdoss ap rrudtsrs in th. internal control ow f financial riportin0 that m-flht be rnatrrisl wealmassrs, P, materis(wsakness Ps A rondhi4n Iq wh)ch tlto doaian ur operation of one or mcm cf the Pneem~l cantrvi components does ~ reduce to a rdativrly )ow )wrl the f-sk thap misstgts~iants )n afilounts that wogfd Px m~tarh) in ralatlon to ~1e financial ststemetits bainQ aucfite~ may oc4tlf' and not be detected within a ~mely period by empioyeas in the nonnel cou(sa of parfarminQ Fhair sssignad fun~rls. ~~ nntood Ro mfrs tnvolvln9 the Intom~i control ovorfirrancjnl feportPryp and P~ vparatian thatwe conaiderto be n1,Bt~fla) waaPFnacsaz_ 7t11s faporx rs )ntatid.d forthe Iryforntatlan of thr board of d)iaetors, n7~riaQaRtsrpt, atSd f~larsll awan~inQ aQancies and pasa•thigyQh ofltities. Hovu~r, this report is a matter of Public faCOrd afld its diatribytion is net limited. ~C~be~~~, ~~b~~ n ~ ~rn~~~ [3alxock, ~aRDbairy and Corrypany Jurta 2S, 2002 see PVotes to Financial 5tatemants N0.068 P.19i45 Page 14 21 AUG.22.2002 12~19PM VIP PROPERTIES H~~ and Reaev~aloprrw~t A~orf[y o(l4~onnd SCH~PULE ~ ~MmRid. Minn.w~ ~ ~ ~ ~ ~ 0G1 AWARps YEAS ENDED S~ 8U1B p'~ ER 3 0 ? -~1,~.~Nlt,ofHm~ar~~lVk_ 6_~~ Revenue ~R1 ~F.p$~ Fetleral Artt~( C9nb'~uGon aPtMt'rno Subsidy Non~hAajaf 14.85 CapiPal Functinp Non-Malmo 14.850e Non-Mej~ id 872 Total Fsder~~ . `` F~W(BITG ~ t) 13,879 B~r8A2 77.821 _,..:.: Set Notts to Financisrt ~l~-nenEa N0.068 ~P.20i45"-' ~9s 15 22 -,.~.. ~ a ~ . i 0 ~~ ~.~r '~~ ~ ~~ ~~ w ~^ _ _ ~~ C Naber -~ Associates ~7uly 31, 2002 ~aadis ~Ta,a,so~, ~'xecuta,ve Director Mound IRA 2020 Cammexce 8culs'vard Monad, MN 55364 Dear Kaad,is : PubYa.c $ousiag Eaelo~ed please find youx copx of the computer psa.atouts and bask recon~a,~,iatiaz~. fob the period ea.dsd ~aa 3p, 2002. Thew are no fi~ar~cial statements to be submitted to the HIID Offiee at thus t~.me for Four HRA. zf you have axiy questa.aas ata, the eaelosed items, please feel Eras to eoataet this o~fiee. S zsi.c erely, L' • N'AHER ~ ASSOCx,piTES r 1 ~1 V r r h r r r r r r~ ^. !~ Do3.oras BurJ~ C~T~A : ~ b Er;c~,aaure 3D5 Ess~ Seventh S'Cnee~ t Y~~k, Nepr`aska 6A467 + (402 985-4481 r Pax [~~] 362-6727 23 AUG.22.2002 12~19PM VIP PROPERTIES ~ N0.066 P.22i45 '-' .'. llatound, MN Public Housing 202tf Corrlt'norce Boul®vard Mout~cl, MN 53364 As Qf 6/30102 BALANCE SHEET ASSETS 1111.09 Cash General Fund 1117.00 Petty Cash 1122.00 AIR Tenants 1962.00 Gen Fund Investments 1211.00 prepaid Insurance 1400,02 Development Cost 1400.03 pev Cost Contra 1400.05 Accum Deprecia#ion 1400.07 Buildings 1400.08 Fum,~quip,Mach-pwell 9400.t!9 Fum,Fquip,Mach Adrnin 1400,16 Land Improvements 1400.1713uilding Improvements 1400.85 Mod Cost Cornpiste 1400.95 Mad Cost Ur-complete TOTAL. ASSETS 101,694.84 50.00 1,686.55 11,241,76 1,499.84 1,505,904,64 (2,042,760.55) (1,539,620,10) 1,642,970.53 29,663.24 16,477.02 8,880.00 373,679,86 536,85,91 900.00 BSB-- S[1Rpl_US AND LIABILI7II=S 2114.00 Tenants Sec Deposits 2114.99 sec Dep Interest (8,818.00) 2117.01 P/R peduct Federal 893,46 2117.02 p/R peduct FICA (651,51) 2117.03 p/R Deduct State 2129.00 Notes Pay Levy Fund (746.20) (526 Op) 2137.00 Payment in L.leu of Tax 2137,01 PILOT Current Year (90,000.00) (7,638.37) 2802.00 MUp pHACOntrilaution (3,576.12) 2806,Q0 Retained EaRiings (629,667.31) ~' ~ Current Year Net Activfty TOTA[. SIiRPLUS AND LIABILITIES 24,962,14 41 6.33 ~ .623.24.) 24 AUG.22.2002 12~20PM VIP PROPERTIES ~N0.068 P.23i45 Mox,nd, MN PuBiic Hougin~ 2020 Commerce Boulevard Mogr~d, MN 55564 For The Period Ended ti/30b2 sTATI;MEIdT OF OPERATING RECEIPTS & F7CpENDJTURES Current YTb Y7"D prorated Omer (Under) REVENUES ~~ Iance Budget g 3110.00 Dwsp. Rental 3120.00 Excess Utilities (11,125,00) a oo (100,061.14) (95,347.50) 4,713.64 3190A0 NoCit1we11 Rental , 0.00 o.ofl 100.00 (562.SQ) 90 .0 (562,50) ) Totat Rental Income (11,725.00) (100,181.14 (86,$90,00) 3,351.14 361 flA0 Invest. Interest 3690.00 Other Incoms (8.31) (717,00) (39$.29) (1 035,60) (~ , ~ 92,50) (75 00) (794.21) 960 8020.00 Operating Subsidy 080.00 , $ 411.00 . 48 7 .2 .6D ~~ Other Operating Recetptss (5,505.34) (49,844,68 ) ) (48,680.75 16q.,q ~. TOTAL RECEIPTS 7B 630.37 750 00 . $ 74 4$0.751 5,515.28 ~PENSES 4110.00 Admin, Salary 4130.00 Legat Fees 0.00 15,394.77. 17,187,00 (1,792.23) 4150.00 Travel ' 0.00 0.00 1,421.10 369,14 0.00 600.00 1,421,10 (230 85) 170.00 Accounting Fees 171.00 Auditing Fess 95,00 1,153.20 1,125,00 , 2g,20 . 4190,00 Sundry-Admin. 4195.6 Outside Management 0.00 318.69 0,00 6,551.81 376.00 3,262,50 (375.00) 3,289,31 Total Administrative Exp. 1,,250.00 1,&63.69 2 5. t]0.00 27,394.02 Q_QQ 22,648.50 2 0.00 4,840.52 4310.001Na#er 4320.00 Eiectriclty 290.80 868,47 2,033.99 8,427.81 1,875.00 9 450 00 158.99 1 02 4330.00 Gas 4390.00 ©ther t,tility Exp. 297.OQ 736.97 9,156;98 6 37'9.19 , . 12,000.00 8 617 50 ( , 2.19) (2,$43,02) 4391.00 Garbage Disposal 331.02 , 2 6~~.0.83 , . 2 0. 25.00 (2,238.31) 615 83 Tota! Utilities Exp. 2,443.86 28,638.80 33,91;7.50 (5,328.70) 4410.OO Maint. Labor q~420.00 Materials 680,00 377 27 26,862.45 21,840.00 5,fl22.45 4430.00 Contract Costs . 1,269.74 22,796.84 24.498.72 3,427.50 5-~ 19,369.34 18.776 22 Ordinary Maint, & Oper. Expense 2,527.01 74,168.01 30,880.00 . 43,168.0'i 25 AUG.22.2002 12~20PM VIP PROPERTIES N0.068 P.24i45 ' Mlvund, MN Public Housing _ i STATEMENT OF OPERATING RECEIPTS & EXPENbiTtIRES CO~1T1Nta~p Current ° YTD YTD Prorated Over (Under) ~ -~ Balsrfce .B~tdo+et Bud e 4510.00 Insurance 4520.00 Pmts In t~eu Of Tax 585,00 434 Ofi 5,388.33 3,352,50 2 035.83 ' 4540,00 Erttp, Benefit Contr. , 0 00 3,576.12 ~ 5,142,50 433.62 Total General i=xp. . 1.019.06 ' ~ 095.47 2.9_ 9 487 '~ 138.52. . 2,607.57. Total Routine Exp. 7.~6 142.282.30 9G 9 4.50 q5- 287,.$Q 4610.03 Extra Maint Cont. 4620.03 Gas. Loss Contract 0.00 0 00 668A0 0.00 668.00 4620,04 Cas. Loss Proceeds _ . ~ 127,54$.99 140 648 59 , Total Nct~rcutit~e Fxp. 0.00 72431.60 0 00 . 668.Op TQTAL EXPI=NSES T 633 62 129 0.T0 96 99A~. ..-~...'~.Q 45.955.80 26 AUG.. 22.2002 12~20PM VIP PROPERTIE5 ~ -~ N0.068'- P.25i45 ~•~- ,,, Mound, MN Pu61ic blousing 2020 Commerce Boulevard Mound, MN 5536¢ . Por The Period Ended 6!30/02 BUDGi=T PROGRESS REPOt~T YTD Percent REV>:NtJES Balan e -.•,~- Budg~f ~ g- et 3110,fl0 Dwell. Rental 3120.00 F-access U~lities (100,061.14) (127,13Q,00 ) 79.00 0 to 3190.00 Nondwell Rental 0.00 100 00 (750,00 ) 0.00 ° /° Total Rental Incarna . {700(161,14) ('(29,080. Q~ 8.00 78 00 , 3610,00 Invest. (>>fieres# 3690.00 Qthef Income (398.29) (1,590.00} 25 00 8020.00 Operating Subsidy (1,035.60) 48 411 ( 1 0) ' 1,036.00 Q/o Dther Operating Recelpte . 48 844 89 { j 64 55 .0 ~-~--~--~ ' 75.00 /o , , (66,24 !.00) 75.00 TOTAL RECEIPTS FJCPFaVSES 1 0 006.03 ~ (195.321.OD) 77.00 A~110.0o Admin. Salary 4130.00 Legal Fees 15 384,77 22,916.00 67'00 0 /0 4150.00 Travel 1,421.10 369 14 0.00 0,00 4170.00 Accounting Fees , 1 153 20 800.00 46.00 4171.00 Auditing Fees . . 0 00 1,500.00 77.00 4190.00 Sundry-Admin. . 6 554 $1 500.00 0.00 95,00 Outsjde Management , . 2 .500 00 4,350,00 "t 51,00 °I° total Administrative Exp. _ 27,390 02 ~ OAO % . 30 06$ 91.00 ° /° 4310.00 Wa#er 4320.00 Electricity 2,033.99 2,500,00 87 00 0 / 4330.00 Gas 8,427.81 9 156'8 12,600.00 . 87,00 ° 4390,00 Ofiher Utlflty Exp, ' 6 379:19 16,000.00 57.00 4391.110 Garbage Removal , 640 8 11,~F90.00 56.00 Xotai Utilities Exp, . 28 63$;$0 2.700:00 88,00 , 45,29Q:00 63.00 4410.00 Maint. L.abcr 4420.00 Materjats 26,$62.45 2'9120,00 ~ 92 00 0 / 4430.oa contract Costs 22,79s.sa~ 4 496.72 4,5ro.oo . X89.00 o °~, Total Ma~ntenancs Expense 74 168 01 _ 7 6 ~ 20 0 ° , : ~F1.3 90 -., 27 -- AU6.22.2002 12~20PM VIP PROPERTIES N0.068 P.26i45 4590.00 insurance 452Q.00 Pmts In lieu Of Tax 4540.00 Emp. Bene{it Contr Tata! C~eneraT Exp. Tatai RoutTrte Exp. 4610.03 Extra Maint Cont. 4620.03 Casualty Loss Contract 4620.04 Casualty Lflss Prgceeds Total Non~routine Exp. TOTAL EXPENSES Moync(, iIAN Pubilc Housing BUDGET PROGRESS REPORT CONTINUED YTD B~-1-~~..o..~ 5,388.33 3,576.12 3,139.02 12_,095.47 1d,?r,,.30 ssl3.ao 127,648.89 (140.646.59) (12,431 •sOf 1 9 850.70 Bay 4,470.0 4,190.00 s,s9o.oo 50.00 2 325.00 o.oo 0.00 a.00 129.326.00 percent Of T3~~~ ~ 21.00 85,00 78,00 86.00 110.00 °l° 0.00 ~° 0,00 o.ao 0.00 °l° 100,00 °f° 28 _ ___ Hu~.cc.ce~~ 1~~~I~PM VIP PROPERTIES Mound, MN Public Housing ~4Z0 Commer~ce'Boulevard Mound, MN X364 6/30102 COST STATEMENT FOR CAp FUNQ 2087 01-1406.00 ~paration 01-14fi0.00 Dwelffng Structure TaTAI, Advances To pate Excess or (Deficiency) of Advances Gumulative Costs/ Advances 12,000.Od .ao ~~~ ~~ 11 Q~QI 29 ~~ N0.068 ' P. Z7i45 - Over/ (Under) " Budoe# Bu_,d 12,000.00 O.Oo 5~ 4~3 97 . 0 ~a~ AUG.22.2002 12~20PM VIP PROPERTIES N0.068 P.28i45 Mound, MN Pubflc Housing 2020 Gummerce B6ulevard Mound, MN SS364 6130102 Ptlot Calculation Curren period r--~....~.__ _Yeartn- Date -- - _ 3110.00 Dweging Rental 3190,00 Nandwall Rer~tai ('11,125.00} (100,061.14) Toni Rental lncvme 12,5 ~ (11 100. 0 ~ I , ('100,1 & 4390.00 Wa#s~ 4320,00 Electricity 210.80 868 07 2,033.99 4330.00 Gss 4390.00 Other Utr~ity expenses . 297A0 8427=81 9758.98 4391.0 Garbage Disposal 736.97 33 1 d2 6~379.T9 Total Utilities _ . 2.64Q.8,~ 2- 8 ~.~ (8,681.14) (77,522.34) x„,5,~ x-~2 Total Pilat ~ ~~~~ .~~ 30 VIP PROPERTIES N0.068 Mound, MN Public Housing 202Q Cpmmerce Boulevard Mound, MN 55364 As Of 6/30J42 TRIAL BALANCE 1111.01 Cash General Fund 1 ~ 17.oa Petty Cash 101,694.x4 1122.00 Tenants A/p2 50 00 1162:00 Gen Fund lnvestmen#s 1,686.55 1211.00 Prepaid (nsurancE 11,241.76 1400.02 Development Cast 1,499 84 1400.03 Dev Cost Contra 1400.05 Accurn Depn3ciation 1,505,904,64 (2,042,760.65} 1400.07 >3ui(dings (1,539,620,10) 1400.08 Furn,Equip,Mach-Dwe11 4,642,970.53 1400.09 Furn,EquPp,Mach-Ad~riin 29,663.24 16 477 02 1A~00.16 Land Improvements , . 1400.17 Building Improvements 8,680.00 1400.5 Mod Cast Complete 373,679.86 2114.00 Tenants Sec Deposits 2 536,855,91 (8 818 00} 114.99 Sec pep interest , , 2117.01 P/R Deduct Federal 893.4fi 2117.02 P/R Deduct FICA (659,51) 2117.03 P/R Deduct State (746,20) 2129,00 Notes Pay Levy Fund (526,00) '137.00 Payment in Lieu of Tax (90,000.00) (7 638 37) 1137.01 PIROT Current }'ear 2802.00 HUD PF(A Contribution , . (3,57fi.42) 2806.00 Retained Earnings (529,667.31) 3110.00 Dwelling Rental 24,962.94• 3190.00 Nandwell Rental (100.061,14) 3610.00 Invest, Interest (100.00) 3690.00 Other Income (39829) 4110,OD Admt`nis~rative Salary (1,035.60) 4430.00 Legal Expense 15,394.77 4150.00 Travel 1,421.10 4170.00 Accounfing Fees 369 44 4190.0 Sundry-Admirtlstrative 1,153.20 4195,OQ Oufside Management 6,661,84 2 500 00 431000 Water 4320.00 Electricity , . 2,033,69 4330,00 Gas 8,427.81 439QDD Other Utiiity Expenses 9,156.9$ 4391.00 Garlsage Removal fi,379.19 4440.00 Maintenance Labor 2,640.83 4420.00 Maferlals 25,862.45 22 796 84 4430.00 Cor>tract Costs , . 24498.72 P.29/45 Page 1 of 2 31 AU6.22.2002 12~20PM VIP PROPERTIES •"- -'• •- Mound, MN Public Housing TRIAL BALANCE coNTiNu1:D ~}510.Op Insurance 4520.00 Pmts In Lieu Of Taxes 4540.00 Employee Benefit COri}r A•610.03 Extra Maittt Contracts 4620A3 casualty Loss Contact 4620.OA~ Casually Loss Proceeds 8020.00 Operating Subsidy 8029.01 Cap Fund Advances 01-156.00 Operations Contra 01-1406.00 Operafions a1-1 Q•60.00 Dweping Structure TOTAL. ~t N0.068--••• P.30i45 -• - Page 2 of 2 5,$88.3 3,676.') 2 3,13q,D2 fiB8A0 127,548,99 (140,648.59) (as,411.00) (21,000.00) (12,0OO,Oa) 12,o0o.oa o:oo 32 Hum. cc. ce~c 1G~ ~bl'M VIP PROPERTIES -'- "yNO.068-- P.31i45 - -- ~7~ul 31, 2002 Bank Reconezliat~,on Report p~~e 1 Mound,, N~V P/H 9/30 (0273) Account - 3.11103. 1113..07. Cash Genera. Fund Reconc~.liation summaxy ~s of 6/30/02 Harms Stateme2~t Information: Previous Hank Statement Balance: 92,481.97 Cleared Deposits and Credits 3 Items Cleared Checks and pa 7,5,931.31 yments 20 Ttetxt8 -6, 867.24 8an]c Ad~ustmera,ts: - Cleared 8ar~,}~ Statement Balance outstand~,~,g DepQSits and Credits 0 Items Outstanding Checks and Payments 1 Stems sank Statement Reccnciled Balancer Ledger zn.fQxmati,on: Balance Forward From Ledger: Total Reaea,pts gram Ledger 3 Items other Receipts 0 Zterc~s Total a]isburset~ents Fxom Ledger 21 Tte~:s Other nis~~,rsements 0 Items Reconciled $alance For Ledgex+: 0.00 101,846.04 0,00 -153..80 103., 694 . S4 92,330.47 18,931.31 o.qo -6,567.28 0.00 107•, 694.54 33 AUG.22.2002 12~21PM ~' Jul 31, 2002 UIP PROPERTIES N0.068" P .32145 - - Barak Recor~~~.l,iat'on Report AcGQzu~,t Moun1101~1113. , 013Cash2Genexal ~'uzzd 'Cncleared Transaction ~]etail A8 0~ 6/34/02 Date Chk ~# Descript~,o~, Page 2 Amount Uncleared Checks and Payments; 10 / 0 8 4 6 Q 4 LEa UT~'C~3T -~.51.5a Total Uncleared Checks and Payments; 1 Ttet~,g -151.50 Total. 'Uizcleaxed Bar~.}~ Adaustmerats (Checks and Payments) : o z~e~s o.oa Uncleared Aeposits and Cxedits: To~Gal tncleared Deposits grid Credits ; 0 Items Total Uncleared, Bank Adju.stmet~ts (Deposits and Cred~.ta) ; 0 Items Total Uncleared R'ra~sactions: Total Uncleared Bank Adjust~ttents: 1 Items 0 ItE:t~ 0.00 0.00 151.50 0.00 34 AUG.22.2002 12~21PM VIP PROPERTIES ~ N0.068 P.33i45 CLTENT 0273 Mound, MN Pub.~ze I~ousix~ CD ap~~ 'X'RANSACTION'S PAGE 1 LN# DATE REF # . g A,CCOUN'~'# AS O~ A 6/30/02 - MOUNT pESCR2PT2oN ---ter ~, ..~--.-.--••-~- - --.. ~- - 1 2 6/07 4s68 4869 l~.~ial . - 0.00 _-----.--- ----_. CHEC~£ VOIDEA 3 4870 443000 443000 56.3. AnAM9 PEST CONTROL -~ 4871 ~~.90oa 50.00 57 50 DOUG ARNST a 5 4872 439100- . 331 02 sY~vES~~R BFI 6 ry 4873 4Z?000 , 95.00 C ~JA$ER ~ 7 E 4874 48 4 1000 ~ 2.0.80 ASSOCIATES CITX O&' MOVN'D {Z6~ ) 74 *REFfTQT 439000 736.97 . CIT'E' OF MOUND 9 4875 442000 97.77 214.08 0 & I3 BUSTN.~SS 10 g8?6 4].9000 22 9 , p4 FL71t2~T2TURE FRoNT.I~, 11 4877 443000 109.37 COMMUNICATIONS . I O S 12 13 4878 4s79 ~19a00 x,.76 ~.+ICrHTYEAR 419000 30.39 MIIJNE.A,POLzS ~TOUSZNG 14 4 8 8 0 443000 222.00 A'{,TY'T~ORI'z'X' M S S Z 5 16 4 $ 81 4852 442 0 0 0 43 3000 ~. 63.19 .MOUND T},2UE VAZaLTE . 297.00 RELIANT ENERGY' 17 4883 443pOp 202,50 {7-444 TH,ERMSj ROOT 0 MATIC 18 19 4854 4885 41.8500 ,1, 25p , 44 VIP PROPERTIES 20 4886 443000 432000 629.56 VIP MASNTEATANCE 868.07 XCEL ENERGY (18240 21 22 4887 4 a s 7 441,000 8 8 0. 0 0 ~) DO~V'NALEY FARRIER 23 4887 21,17 02 21 1702 54.5 6 .. DONNAI,EY FARRIER *RFF/TOT . 12.76- 8 DONNALE3~' FAlZRTER 24 6/3Q JtTN02 1217,01 6, 567.24- ~7~N'E 02 QASH -------------------------- DTSBURSEMEN'I'S JO'L?'•RNAL CD TOTAL - ---------------------- 24 TR.ANSACTIQli1'S 0.00 HASH TOTAL; 9315206 DEBITS; 6,634.56 CREDITS: 6,634,56- 35 RUG.22.2002 12~21PM VIP PROPERTIES N0.068 --P,34i45 -~- CL,~E~1''I' 0273 Mound, MN' Public Houeirag Cat ~OURN,p,~, TRAly'SACTIO~S ' PAGE 2 JOTJR1~AL p S LN# RATE RAP # ACCOUNT # , OF AMOUNT 6/3 0 /02 DESCRZP'Z'TON - ---- 1 6/10 2 38 38 112Z00 --- --------- 10,503.00- -------~--------~--------------- gE~T *RFF/TOT 211400 40.00- SECURITY DEPOSIT 3 `~N3S ~.~~.101 10,543.00- 10 543 00 . ~ 02 CASH g 6/03 5 39 JZ7~T3 9 8 o2oao 11110 ~ 5, 380.00- RECEIPT OPERAT2~TG SCaBSIDX , 5, 3 8 0.0 0 JYJNE 0 2 CASH 6 6/30 7 40 361000 8.31- RFCEIpT ZNTE~cEST - JU~T4 0 111 ~. 01 8.31 ~7'UNE 0 2 CASK -~^--------.---- -_ ~cEZpT JovrsrAL c~ ToTAZ, - - - - - - ~ - ---- ------ - ---..--,---- ~ Tx.~vs.ACTZOrrs o.oo HASH TO'.~AT.,: 18.9903 DEHTTS; 15, 931.31 CREDITS: 15, 931.31- 36 Hw.cc.ceac 1~~~1rM VIP PROPERTIES -~~ ' "" --- - N0.068 P.35~45_ CLIENT 027 Mouzxd, MN 3 Public Hous JO~RN1~T, TRANSACTIONS PAGE' 3 in GJ JOUR T,,N# DAT$ REF # A g CCOT7NT~# NAL AS OF ' ' ' 6/30/02 AMO C1~1 T DESCRTPT~Q~1' 1 6/30 02 33 112200 11,242.Q0 TO RECORD ~~ Q2 2 Q2~3 311000 11,125.00- 'z'RQ TRECORDGr~7U~vER02 3 0233 369000 ~~ ~: O o- REN'~AL REGISTER To RECORn ,~vN~ 0 2 'REF/TOT R~rA~, I2EGls'~ER 4 02$4 451000 0.00 585.00 TO CnTRITE OFF 5 0234 x,21100 585,00- ZNSTTFANCL TO WR~TR OFF ~R~F/TOT ZNS'CTFtANC~ 0,00 ~ 0235 452000 434.06 TO RECORD JUS~l"E 02 '~ 0235 213701 434.0- To~ETCORD Jt7NE o2 *REF/TOT 0.00 PTI,OT JOT.7'RNAL GJ TOTAL 0.00-- ------------------------~------- 7 TRANSACTI ONS HASH TOTAL; TO'~'/NP ACT 2030001 IV ' 10EBTTS: 12,26,.06 CREDITS: 12,261,06- IT ~ - 0.04 AND REPORT. 3 -PAGES- ~ 4T[TL^31 2002 14:56:2 9 -....------------------------ ~, 37 AUG.22.2002 12~21PM VIP PROPERTIES •-• '-"' ' CL'"'~TT 0273 --- -•- --•- •- N0.068• -P,36i45• ~ _ Mot~.ri.d, GE1~R~, LEDGER MN public Housing PERIOD ENDING 6/30/02 " PAGE 1 ACCT# A,~TE REF ,IS DFSCRIFTION ------- - ------------ n E B Z T C R E D z T 11110. 11.x.1.01 Cash Genexal Fund -r r OPN/~ 6/07 486 ---------_-_~--- 92x330 47 ----___-~. 8 CD CHECTC VOIDED 6/30 ~'C~T02 CD JU . 0.0 0 TE 02 CAS~2 DI SSY7RSEMENTS 5/10 '~38 CR JUNTA 02 CASH RECEIPT,' 6 r 567.28 6/03 J17N39 CR JUNE 02 CAS~;T RECEIPT 10, 543 .00 T 6130 JUN40 pR J"L7NE 02 CASK RECEIPT 5,350.00 8.31 TOTALS N~S'T/ACT 15,931.31 6,567,24 9, 364.0? -----BAT./~ 101,694.5~* , ~ 111700 1x.17.00 Petty Casb,. ___ -- --w-_- 1 W ---^ I~ -^--- --r- ^---- 122200 1122.00 Tenants A/R oPN HAL / 6/10 38 947.55 CR ~~ 6/30 0233 GT TO RECORD ,~ 02 10,503,Qp RENTAL REGIS'T'ER 1 ], , 2 42.0 0 TOTALS NET/ACT 11,242.00 10,503.00 739.00 _.,__-~/F~ 1, 686, 65* 1,2201 1122.01 A.:1..1ow/Doubtful A.-----SAL/FWD 0.00* x.x.620o 1162.00 Gen Find Investor-----fibT,/FAD x,x„241.?6•* 117100 1171, 00 petit Sex'tTice Fun_--.--~,/FWD 0.00* * 117600 1176.00 ~SCTD Annual Contr-----BAL/FWD 0.00* ~ -,~-- --~..-..-- 4 -.~ ~.~ .,- ~ --- _.. _-~.. - 121100 12x.1.00 Prepaid Insurance ppN/~ f/30 0 ' 2x084,84 234 GJ 'IO WRI'Z'E OFk' ' INS~'L~TCE TOTALS 0.00 585,00 s~s oo NET/,~,CT . 5 8 5.0 0 129000 x.290.00 Deferred Charges---.w_~AT•/Fy~ w- ----~~--- 0.00* ~ x:40002 1400.02 DevelApmex~;t Cost-----,g,~,l,/F~ 1,505,904.64' * 38 w.cc.ceec 1~~~1rr~ VIP PROPERTIES Gr'.~~ • Giv•~.~ u~'73 GENERAL LEDGER . Mond, MN' Public Housing EERIbD ENDING 5/30/0,3 -- '--N0.068 •-P.37i45 PAGE 2 ACCT$~-- 140003 --DATE gEF ~'S DESCRIPTION --------------- ----~- ~.40D.fl3 De'v Co -`---------------- et contra -----BAI,/FWD D E B I ~' -------------- • - C RED r T ------------- 2,042,760.55* 140004 1400.04 Zand Structures -___ -.1~,AZ,/FWD - p . 0 0 * --__- __„-_-- ,~ x.40005 1400.OS A,ecum Depreciate-----gp~,/~ -- -, -------------- ____-- ___-- 1-539,620-10~ i 14aoo6 1400.05 Land ----,8.~,/FTidD a,oo* - 240007 Z400.g7 Buildings -----BAL /~'WD 1, 642, 970.53* 140008 1400.08 Furn,Equip,Mach------ H~/~ 29, 663 .24* ----- ^-- ~. 1.40009 7.400.09 Ft.~rn,E ~iP,Mach------HAI,/F'~TD 7.6,~77.02* ~ 1g001b 1400.1.E Iaan$ Yn~provemezit------BAL/FWD 8 580.00* -' - -- * 140017 1400.17 Hu~,l.diilg improve-----BAL,/~ 373,679.8E* * 180055 7.4Q0.55 Mod Cost C9mplet-----$A~r/FWD 536,855.91* -- ------ * 2].1100 21.1.00 Vendors & Contra------BAI, FTiT~ / 0.00* ----~,-- * 211400 2].14.00 ~'ellant~ Sec Depaeits pp~/gpl, 6/10 38 CR SECLtiRSTY DEPOSIT TOTALS NET/ACT -----Bnr./FWD .00 -.-____-- 8,77$,00 40.00 40.00 40.00 8, 87.8 . 00* 211499 2114.99 Sec bep Interest--___g~,/ 893.45~' -------_-- * 211701 . 211,7,01 P/12 Deduct Feder-,---BAL/FWD ---------- 651.51* 211702 21.17.02 P/R Deduct FICA OPN/DAZ, 6/ 0 7 4 6 8 7 CD DONN~,EY F?1RRT ER 4887 CD D~NNAI,EY FARRIER TOT.A.LS NET/ACT -----BAL/FWD .0.0 ^------1-- 6 7$ . 6 8 54.55 12.7 6 67.32 G7.32 746.20* 39 AUG.22.2002 12~Z1PM VIP PROPERTIES CT,TFNT 0273 GE1~IERAL LEDGER Mac.rrjd, MN Pub1~c Housing PERIOD ENDII~TG 6/30/02 -•- -• -•N0.068.. P.88i45 '-• - PAGE 3 ACCT# DATE RED' JS DESCRI•PT20N ------~--------- --------- ------- 2117 -------------- 211703 .03 P/R Deduct St ate-----S~,L,/FWD D E 8 I T - ~-^--""^-----' C R E I1 1 T -------. -- 526. ~.,~ 21.2200 2122.00 Advaace Notes TAT-~..__~ .~'WD / 0~00~ ,~ 21.2904 2x29.00 Noted Pay Levy F__-__BAL/FWD ---`----` 90,000.00* 213101. 2131. Q7, zrtt Pay N'gtes ~SCi-•~---~,/PWD 0.00 -- -----_ 213300 21.33.00 Irxt Pay Note Non-----$AL/FWD 0.00 ----- 213400 2134.00 Accrued. Util3tie-----HAL/FWD 0.00 ---- * 21.3500 2135.00 Accrued Pa~rrolx -- - - -SP~L/FWD 0.0 0 ~ ~ 213501 2135.01 Accrued Absences----.-BAL/FWD o.oo -- 21.3700 2137.00 Payment in Lieu ---~-RAT./Fy~ --- 7,638.3 213 7 01. 213 7.01. PILOT Current year OpN/~, 6/30 0235 G,? 'I'0 RECOl'~D JUNE 02 FZ: LOT - - - - - 3, 1.x#2 .06 TO'~,~,S NET/~•CT -----~L/FwA 0.00 '~ 3 4 , 0 6 434.06 X34.0 6 3i576,1.2* 224000 2240,00 Px'ePaid Rent --.---~,/~ 0.00* -^-- ,~ 229000 2290.00 Deterred Credzt ---'--HALT/FWIa 0, 00~ ^__ 2341.Q0 2341..00 New H/A Aonds Is-----&AL/~ • ---- ,~ 0.00 -------------- ,~ 234200 2342.00 1~7ew H/A Bonds R•e--..--B.~,L/~,yq~p - * 0.00 ----------- * . 280200 2802.00 HC7D PHA Coxitribu-----$p,,l,/py~ 529,667,31* 280600 2806.40 Retained. Ear~.ix~g-- -.._,gAy jFy~j 24, 962 . X4* ^ 40 .• AUG.2Z.2002 1Z~Z1PM VIP PROPERTIES ~~~" "' CI•''~T 0273 GEN.ERA2,, Z+~17GER • Mo~,rtid, MN' Public Hous~.ng PERIOD EN`DTNG 6/30/02 ~"' N0.068 P.39i45 _ PAGE 4 ACCT#- 2$~.000 _--DATE- REF ~7'S nESCRxPTZOI~T --- --_.,..--- -------~-__-------- 2B10.oo ~-- Unre served Surpi-----BAL/FWD D E B I T -------- ------ 0.00 C R B n I T -----------~ 282000 282Q.OQ Operatsng Resew-,---BAL/FAA -- o.ao ------------- 284000 2a4o.oo cumulative xUa c---__~,z~,/~'ArD ~ o.ao - ` 264500 2845.00 Cut~ula~~,ve STD G-----E,~,/~'WD o . oo~ - _--- ~- ,~ 285000 2850. p0 Cumulat~,ve Da~iat-,---BAT,/FWD 0,00* -~____ __-- ~ * 311,000 3110. p0 Dwel~.ing Rex1'~al OPN/~ 6/30 0233 GJ TO RECORD ~'E 02 RENTAL REGIS',~'ER TOTALS NET/ACT -----sAL,/FwD .00 68,936.14 11, 12 5. 0 0 1,1,125.00 11,125.00 100,0~1.14* 312000 31.20.00 Excess Utz-~.itieS---•- ---- ^--- 319000 3190.00 Nond~,rell Rerital --___HAT,/~ zoo.ao* * 361.000 3510.00 Invest. interest OFN/8AL 6/30 40 CR INTEREST ---------_^ 369.98 TOTALS NET/ACT 0.00 8,31 8.31 8.31 369DQ0 3690.OQ Othex Income OPN/B,A~,, 6/30 0233 GT TO RECORD JUNE 02 R'~AL REGTSTh'R 'I'OTAj,S ~TE'1'/ACT ----~BA.T,/FWD .0 0 9].8.60 11,7.0Q 117.0 0 117.0 0 1, 035.60* °~ 411000 4110.00 Adminietrative S-___-SA,x, FWD / 15,394.~7* - 411050 4110,50 AccruQd Absences-----BAr,f~ - O.Op~* "-------- * 413000 4130.00 Legal E~ense -_.. -`------- 41 AUG.22.2002 12~22PM VIP PROPERTIES ~^ "' '-' CLT~.TTZ' 02 73 -- -• N0.0B8 P.40i45 Motr~,s~, GENERAT.~ L]~GER MN PubJ.ic R9ueing PIIRTOD FINDING 6/30/02 _ - k'AG~ 5 ACCT# DATE REF JS DESCRIPTION D E B .. -- I -----~- --------------------- -- I T C R~ A I T 41.4000 ~. 41.40. ~0 Staff Txain - - rig ^----BAL/~'WD - -T-------- 0.00* ------------ . 415000 4150.00 Travel -----RAT./Fy~ 369.14 ------ _, * 417000 41,70 . QO Account~.r~,g Fees OP1~'/SAT, 6/07 4873 1, 058.20 CD C 1~iABER & ASSOCIATES 95.00 TOTA~,S 9 S . 0 0 0 0 0 ~~`/ACT 9 5.0 0 . -----BAT,/b~WD --- 1,1,53 .20* -------------- --- 417100 417x.00 Auda.tl.z'~,g Fees ----BAT,/FWL 0.00* ---------- 419000 4x90.00 Sundry-Adm~.n~.8txativ OPN/BAL 6 233 1 2 6/07 4871, GD H BYL"VFSTER , . . 57 50 4876 CD FRONTIER . COMM~~CATxON'S 22 9 04 • 4B78 CD LTGHTYEAR . 1 .76 4879 CD MINPOLIS HOUSING . AUTH4RxTX 30.39 TOTALS 316.69 0 0 ~ ITT/ACT 318.6:9 _ -----BAT,/~'WD 6, 551.. 81* 419500 4195.00 Outsa.de Man,agemebt OPN/BAL 1 250 00 6/07 4a84 CD VIP PROPERTIES ,, . 1,254.00 ToT.~z;S 1,25o.0Q 0 00 NFT/ACT 1250.00 . -----sA,r,/~~ 2, 500, oo~ * 421050 421,0,50 Accrued Absence-y=---BALjFy~ 0,00* * 422000 4220.00 Tenart~ Serv'ices -----~,/Fyp3 0 Q0~' . * 431000 431,0.OQ Water OPI~/aATr 6/07 4874 1, 823 ~ 19 QD CITY OF MOUND (Y61 210.80 TOTALS 210.$0 0.00 NET/ACT 210.80 -----BAr,/~ 2, 033.99 ,~ 432000 4320.00 E1.ectricity OPN/R,AT. 7 559 74 r 6/07 4886 CD XCEI., ENERGY t-18240 , . ~) 868.07 TOTALS 868.07 0.00 " 42 UG.22.2002 12~22PM VIP PROPERTIES '.L~ ' ti.~NT 0 2 73 N0.068 - .. P.41i45 _ ._ . Mo~,d, GENERAL, LEDGER MN Public ~icvsing PERIOD ~x1VG 6/30/02 PAGE 6 ACCT#~ RA'Z'E RED JS DESC RIPTION _______ ______ ",-- ------------- D E 8 z T C g E D I T --- -----~--- ( 432040 CONTINCTED. , . ~ --------~----_ --- ~------- NET/ACT 868.07 `--'"-RAD/FWD 5, 427.81*' * 43300Q 4330.00 Gas Ok'~T/BAL 6/07 4882 8,859.9$ ------- Cb RELIANT ENERGY (1444 -. THERMS) 297.00 TOTAIaS 2 9 7. 0 0 0 00 NAT/ACT 297.00 . -----EAL/FTn1D 9,156.98'* * 4390.00 4390.00 Other Ut~,lltY Exp~ra,s OP1~/~ 6/07 48 5, 642., 22 ----^- 74 CD CITY OF MOUAII7 736.97 TOTALS 7 3 6, 7 0 0 0 NET/A.CT 73 6.9 7 . - - - - -EAZ,/FWl3 6 , 3 7 9 . ].9 * ,~ 439100 4391.00 Garbage Removal OPN/CAI, 6/07 487 2,309.81. 2 CD 8FI 331,.02 TOTATaS NET/ACT 3 31.02 0.00 331..02 . _-_--BAL/FWTO 2, 640.83* ~. ~' 441000 4410.00 Mazz'ttenance Labor OZ'N/,'SAZ, 6/ 0 7 4 8 8 25, 982 .45 7 CD DONNAI,E'~ FARTtIER 8 8 0. 0 0 ToTAr,s sso.oo oo o NET/7~CT 880.00 . -----HAL/FGJI~ 26, 862.45* ,~ 441,050 4410.SD Accrued Absera,ce~_____gA~/FAD - ` * 0,00 ~ 442000 420.00 Matexa.als OpN/P~iT. 6/0 7 4875 ~ 22,~k19.57 ----- . CA C & ~ $USINESS ~'URNI'Z'URE 4 @ 81 CD MOUND TRT7F VALUL 21, 4 .0 8 ~. 63.19 TOTALS. 377.27 0 00 N1~T/AC'S 3 77.2 7 . -----BAT,/FWD 22, 79G. B4* ,~ 443000 4430,00 Contrac'G Costs OPN/FAL 6/ 0 7 4 8 6 9 23,228.98 CD .ADAMS PEST CONTROZ;, 4870 CD AOUG ARNST 55.32 ~~ 4877 CD I 0 S 50.00 4880 CD M S I 1-09.37 4883 CD ROOT O MATxC 222.00 2 02 s o 48 85 cp vas r~AZNT~,NC~ . 629.56 43 - UG 22.2002 12~22PM VIP PROPERTIES GAi• • ~.av:~.' u~'73 - N0.068 "'P.42i45 MocxA,d, GENERAL LEDGER MN Qublic Housing EERzOD ENDING 6 30 0 / f 2 PAGE '7 ACCT# • DATE REF JS DESCRIPTION .. --~- ( 4430 - --.------•------- 00 CON'1'z~I~... ~ `-------------..------ T D E B Z ------------•--- C R E D I T •----------. TOTALS 2,269.74 NEx/,A,CT 1, 269. ?4 0 - 00 -----BAL/FWD 24,498.72 * 4 57.0 0 0 4 510 . Q O znsuranee OFN'/&'~ ` - ` , 6/30 0234 GJ TO WRITE OFF 4,803.33 j INSURANCE 585.00 I~ TOTALS NET/ACT 585.00 0.00 -----BAL/FTidp 585.00 5,388.33* * 452000 4520.00 Pt11ts Yri Lzeu of Taxe OPN'/AAL 6/30 02 35 3,142.06 . GJ TD RECORD JCTJ,vEf 02 k"II,OT 43 4.06 . To~.~LS NET/~iCT X34.06 a.oo 4 3 4.0 6 -•----BAL/FWD 3, 5`76.1.2* 454000 4540.00 Employee Serlefit--..--BAL/FWD 3,137,.02* * 454041 4540.41 p Cont Enn Ben _ A-____8A~/FWD ~ `_ ------------ 0.00* 454044 4540.44 Entip Ben Cont - M-----8~,/FwD * D , 0 0 ~. 457000 4570.00 Co7,leCtioia, 1iasS _ * 461001 4610.07, Extra. Maim Labo----._gA L/FWD ---- --T--~----- , -- 0.00 ----------- 461002 4610 , 02 bra Maim Mate-----may, /FWD ----- ----------- 0.00* 455003 46I0.03 Extx~, Mazrit Gong--___~, FWD / 668.40* 462001 4620.01. Casualty Logs L~,-----~zn?•/FWn -_______-- 0.00 462002 4620,02 Casualt~r Loss Ma-----$AL/FWD -------- - 0.00* ,~ 462003 4620.03 Casualty Loss Co-----Hp,,l,/Fq,~ 127,548~g9* _- -____-_-__ a 44 CZ T ~Z2.2002 12 ~ 22PM VIP PROPERTIES ~ " - "' " " ANT 0273 • Mvr~nd, MN Public Houaing PEh'. OD ENDrNGE 6/ 0/02 - - NO.068 _ P .43145_ . _ PAGE 8 ACCT$k- - 462004 - - DATA REF JS AESCRZ PT20~1' 4620.04 CD, - ___-----,---------------- Bulalt~r Lost Pr----_BAL/FWD --D-E-B-z_T, __c_R_E_D-1-T x.40, 648.59' 480000 4800.00 De~rec~.at~,ori. E~cp-----BAL/FWD 0~00* --------.-- ,. ~. 551000 5610.00 xnt on Notts/Boxy-----BAD/FGTD 0.00* ----'---` G01000 6010.00 Prior Year Adj-C-----SAI,/1~WD ,~ 0.00 -^----- ,~ 602000 6020.00 Prior Year ,~id,j-N-___-BAZ, k'WD / 0.00* - ^-- 6.2000 6120.00 Gain/Loss Ec~u,1p ___~_g~/~ * 0.00 ----- ,~ 701.000 70X0.00 Provzsio~a. for Op--_--gam,/FWD 0. 00* ----`- ,~ 752000 7520.00 Rep2 ~i'vaexp Equi-----BAL/F~idD - 0.00* w --- -- ~' -- - --- 753000 7530.00 Recezpt Narixepl _____aAL/FWA - ,~ 0.00 ~----- ~ _-- - r '754000 7540.00 8ettexmen,ts & Ad-----BAL/STD 0.00* ----- * 759000 7590.00 Opex Lxp prop Co-----~,/~W.A 0, 00~ 842000 8020,00 Qperating Sub~~.dy OPN/BAL 6/03 39 CR OPERATING SUBSIDY TQTALS NET/ACT -----HAL/FWr3 ,OD ----_ 43,0,31.00 5,360.00 5,380.00 5.380.00 48, 411.00' 8 0 2 9 0 0 8 0 2 9.0 0 Cap Burid .A.dvax~ce - - - - _aAL/F'G~] ,~ D.00 - - - - 802901 8029.01, Cap Fur~,d Advance-----H,~,/FWD 21, OOQ . 00'* 8029904 802.9.904 C.iap 904 Advanv-----B,AL/FWD - - - - - 0.00* - r - - - - ~ - - - ~ 90~9905 $029.905 CIAp 905 .Advanc--.-_-SAL/F'WD - - - - * 0.00 - - ~ ^ - - - - ~ - * 45 AUG.22.2002 12~22PM VIP PROPERTIES ' CT~''~TT 02 73 G a 'RAL L$DGER Ma cxn,d, N!W Pubs. i s Housing PER10D FNpING 6/ 3 0/ 0 2 -' N0.068 •-P,44i45 " PAGE R 9 ACC'Z'~ DAT$ R>rF JS D S • _ F- CRII~TI0~1' -------- $029906 BO ^-- ----- 29.906 Ciap g06 Advaq,c.^--- &~/FWD DEBIT CRFDT T --^----- ~-----~----'" 0.00* `---- _ -_., * 1.0146oDD 10-1.460, 00 Dwelling Stru-----.H~iT•/F~,JD 0.00* 101,46507. 10-14G5. of Dwe1,l Equip ~V-----BAT.,/FWD 0.00 -- 10147507. 10-x.475.01 Ot£iCe Furn &------,BA2,/~ 0.00* - * 10147502 ~.0-1475, 02 Mai,n.tena~,ce E---._~,/~ --_ 0,00 * 10147503 10-1475.03 Comm S~?ace EcI---~-~,~~ p, 00* * * 70141Q00 906-1410.00 Adm~.ni~trati-----BAL / o.oo~ .~ ?0141,07.9 906--1410.19 Sundry -,---_B,~/~ 0.00* * 707.43000 906-x.430.00 Arch & Engin-----gam,/ 0, 00* ---- 70146000 906-1460.00 Drae~.ling Str-^---'RAT./FWD 0,00'* 701465Q7, 906-1465.01 Dwell Eq ~o~____^~,~~ * O.OQ * 70147503 906-1475.03 Communa,ty Sp__.,_-gam,/~ 0.00* * 70147509 906-1475.09 Expendable -----BAL/FA7D - - - - - 0.00 ,~ - - ^ - - - - M * 72141000 904-1410.00 Ad~ttiziis•~rat~,----_Hps,~~ - - - - - - r - .. - - _ - . - - 0.00* * 72143000 904-x.430.00 Arch ~ ~,gin_____g~,~~y,~ -Y-- 0 . 00* ,~ 72145000 904-1450.00 Sate Improve^----~,y,/PWD 0.00* * 72146000 904-1460.00 Dwelling Str-----BAL/FTA'D ----- - ~ -----~-p~*--------------- 46 Hui ~~.~ue~ 1z~z2PM VIP PROPERTIES -' "- -" - CI~`"'~•,NT 02 73 GENERA, LEDGER . Mp~d, MN Pudic Housing PERIOD ENDING 6/30/02 .._ N0.068 .. ~-P.45i45. . PAGE 10 . A,CCT#~ DATE RED' JS DESCRIPTION -----------~-.---- ------------ ~ 74140600 907-1406.00 Opex'~t~.one ---_ -A,AL/FWD J D E 8 I T C R E la 2 ---'"- `----~-------.____ - 0.04* * 76140600 01-1406.00 Operations --- --~,/~+y~ r 12, 400 . a0* -.---.. _ -_ _ _ - 76x41000 01-14~.4.Op Adm~-nistra~io-----BAL/FC+~ID --.. .. 0.00 -- _-~-__ •• ~- _ _ 76146000 01-14E0.40 AweZl~,~,g Stru_____BAL,/FWD 8,900.00* ---- .~ 76.50600 41-1506,00 Operations Co--___$~/~ -- --------------- ---~2r 0lJ0.00* _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ n _ _ _ _ n T ~ _ _ - - - - - - ~ w _ _ -r _ '. END GL ~~ 0 N'P~ 0.0 0 TRP,.t~TS : 3 8 .A.CCGJN'TS : 18 7 TO'],'/DEeTTSc 34,626.93 TOT/CREDITS: D~s.~rE: JUT,- 31, 2002 TIC. 34, 826.93 x.4:56:32 R _ _ _ I.. w _ _ _ _ ^ 47