2022-06-08 CC Packet - Laserfiche WebLink

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City of Centerville, Minnesota Notes to the Financial Statements December 31, 2021 Note 5: Joint Powers Agreements (Continued) B.Centennial Lakes Police Department The Centennial Lakes Police Department (the Department) was formed under the authority if Minnesota statutes 436.06 in 2005 by agreement of the member cities of Centerville, Circle Pines and Lexington. The Department was created to provide police protection services to its member cities. The Department is managed through a three-tier system consisting of a Governing Board, an Operations committee, and a Chief of Police. The Governing Board consists of six members, two elected officials appointed by each member city. The Operations Committee is made up of the City administrators from each member city and the Chief of Police. The Chief of Police is appointed by mutual agreement of the City Councils of all member cities. Annual contributions required by each member city are calculated based on complaint history, population, and staffing formulas. Contributions made by member cities for 2021 were as follows: C. Summary Financial Information of the Joint Powers Agreements Entities The contribution to the joint fire district and the joint police commission are reflected as expenditures in the Citys General fund. The fire district and police commissions assets, liabilities, equity and operations are excluded from the Citys financial statements as further explained in note 1A. The following information is from the financial statements of the District and the Department as of December 31, 2021, the most recent audited information available at the time of this report. The amounts reported for the District are those presented in its government-wide financial statements. These financial statements are available for viewing at the Centerville City hall. Centennial Lakes Police Centennial Department Fire District $ 2,818,013 Total Assets and Deferred Outflows of Resources$ 2,252,505 3,824,998 Total Liabilities and Deferred Inflows of Resources 769,906 (1,006,985) Total Net Position 1,482,599 2,788,112 Total Revenue 784,399 2,408,785 Total Expenses 603,844 Volunteer firefighters of the District are members of the Centennial Firefighters Relief Association (the Association). The Association is a single-employer pension plan (the Plan) that operates under the provisions of Minnesota statutes 69 and 424, as amended. It is governed by a board of six officers and trustees elected by the members of the Association for three-year terms. The ex-officio, non-voting members of the Board of trustees are two representatives from the Centennial Fire Steering Committee and the Fire Chief of the District. The Association issues a publicly available financial report that includes financial statements and required supplementary information. The report may be obtained by writing to the Centennial Fire District 7741 Lake Drive, Lino Lakes, MN 55014. 65