2008-06-25 CC Packet - Laserfiche WebLink

Home Browse Search

CITY OF CENTERVILLE, MINNESOTA NOTES TO THE FINANCIAL STATEMENTS DECEMBER 31, 2007 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 ofCenterville, 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 staffmg formulas. Contributions made by member cities for 2007 were as follows: City of Centerville City of Circle Pines City of Lexington $ 648,744 802,459 553,973 Total $ 2,005,176 C. Summary Financial Information of the Joint powers Agreements Entities 32.35 % 40.02 27.63 100 % The contribution to the joint fire district and the joint police commission are reflected as expenditures in the City's General fund. The fire district and police commission's assets, liabilities, equity and operations are excluded from the city's [mancial statements as further explained in note IA. The following information is from the [mancial statements of the District and the Department as of December 31, 2007, the most recent audited information available at the time ofthis report. The amounts reported for the District are those presented in its government-wide financial statements. These [mancial statements are available for viewing at the Centerville City hall. Centennial Fire District Total assets T otalliabilities Total net assets Total revenue Total expenses $ 1,057,485 127,212 930,273 795,332 715,364 Centennial Lakes Police Department $ 643,622 83,855 559,767 2,127,691 1,999,205 Volunteer firefighters of the District are members ofthe Centennial Firefighter's 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 [mancial report that includes [mancial statements and required supplementary information. The report may be obtained by writing to the Centennial Fire District 7741 Lake Drive, Lino Lakes, MN 55014. -39-