HomeMy WebLinkAboutWK - September 23, 2014ANLb Y O F 6
1685 CROSSTOWN BOULLVAKD N.W. • ANDOVER, MINNtSV IA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV
City Council Workshop
Tuesday, September 23, 2014
Conference Rooms A & B
1. Call to Order— 6:00 p.m.
2. Community Bus Tour
Start Approximately 7:30 p.m.
3. Discuss Multi - Family Rental
4. Discuss Rural Residential Speed Limit - Engineering
5. Final 2015 -2019 Capital Improvement Plan Development Discussion
6. 2015 Budget/Levy Development Discussion
7. 2015 Special Revenue, Debt Service, Capital Projects, Enterprise & Internal Service Funds Budget
Discussion
8. 2014 General Fund Budget Progress Report
9. August 2014 City Investments Report
10. Other Business
11. Adjournment
C I T Y 0 F 3.
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1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 . (763) 755 -5100
FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US
TO: Mayor and Councilmembers
FROM: Jim Dickinson, City Administrator
SUBJECT: Discuss Multi - Family Housing Rental
DATE: September 16, 2014
At the August 26th City Council Workshop the Chief Building Official was unable to attended
and discuss the Multi- Family Housing Rental program with the Council, the City Administrator
provided a brief review and gathered comments.
To assist with discussion, attached are the August 26th meeting minutes and staff report.
P-1
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 . WWW.CI.ANDOVER.MN.US
TO: Mayor and Council Members
CC: Jim Dickinson, City Administrator / Finance Director
FROM: Fred Patch, Chief Building Official
SUBJECT: Review of Rental Housing Dwellings — Multifamily
DATE: August 26, 2014
INTRODUCTION
Andover has licensed multifamily rental dwellings since 1992 and reviewed and amended its
rental dwelling ordinance in the years 2003 and 2009. The purpose of this workshop item is to
discuss. review and confirm or determine possible changes to modify the program based on how
it has accomplished its purposes and provided for the efficient use of city resources.
As of 2014, there are 50 licensed multifamily properties for which staff has provided licensing
and inspection services. The majority (35) of the properties are two- family dwellings. The others
are (3) 3- family dwellings, (11) four - family dwellings and (1) six unit dwelling. Multifamily
assisted living and senior buildings have been exempted by Council from rental licensing.
Simply stated, the purposes of the Rental Housing Dwelling ordinance are to provide special
protections that exceed those of homeowners:
• To protect the health, fire and life safety, and welfare of tenants,
• To provide rental dwellings with more stringent enforcement of the Housing Maintenance
Code, and
• To assist landlords in controlling the disorderly conduct of rental dwelling tenants.
Questions that may be asked about these special protections for tenants include:
1. Are there purposes beyond those stated in ordinance that we should consider in
administering and enforcing the Rental Housing Dwellings licensing ordinance? What
purposes /objectives should staff focus on?
2. The City has relatively very few rental dwellings per capita. State laws and City
ordinances apply to all persons equally regardless of their housing status. How vital is
multifamily rental housing licensing to the City of Andover?
3. Are the special protections given to rental housing effective in accomplishing the purposes
intended by the ordinance and City Council? Looking back, has the ordinance fulfilled
the intended effect?
4. One and two family dwellings are subject to exactly the same construction standards under
the building and fire codes. Buildings with three or more residential units are subject to
greater and more restrictive building and fire code standards. Is it appropriate for two -
family rental licensing to be considered multifamily, or might two - family rental licensing
be merged with and considered the same as single family rental dwellings?
These questions are intended to open a dialogue between staff and Council to determine best
direction and most effective use of resources. The Planning Department, Building Inspections
Department, and Fire Department look forward to this dialogue with Council.
Respectfully Submitted,
Fred Patch, Chief Building Official
City of Andover
Andover City Council Workshop Meeting
Minutes — August 26, 2014
Page 2
not the purchase of a new system that is what the county wide levy pays for.
Sheriff Stuart reviewed the contract with the Council.
Councilmember Bukkila asked at what point the City pays for overtime. Sheriff Stuart stated the
current contract limits a minimum of three hours pay on a callback. He explained overtime for
training is usually kept at a minimum and they try to make sure all of their training is done on
duty. The largest amount of overtime incurred by a deputy is related to the late calls, incidents
and court time.
Sheriff Stuart reviewed specific scenarios with the Council where overtime would occur.
Councilmember Howard wondered if the City added another deputy would overtime go down.
Sheriff Stuart indicated it likely would not, it would probably add to overtime but no deputy is
allowed overtime unless approved.
Councilmember Knight asked if they will be going to front and back squad cameras. Sheriff
Stuart did not think they would be doing that anytime soon because of the costs of the cameras
and backup systems to preserve data. That would also be the same for body cameras.
Mayor Gamache asked if there are any areas in the City they need to be concerned with. Sheriff
Stuart did not think there are any areas in the City that the Council needs to be concerned with.
RENTAL HOUSING PROGRAMS UPDATE/DISCUSSION
A. Single Family
Associate Planner Angell reviewed the Single Family Rental Housing Program with the Council.
He noted the City has all of the owner information in order to contact them for code violations.
This makes it easier to enforce the code.
Councilmember Trude wondered if this was a program without a purpose because they have the
enforcement code in place. Councilmember Bukkila explained the reason the City started the
rental program was to help with market value preservation. Mr. Angell stated if this was just for
code enforcement they could disband it but if they disbanded this it would be hard to keep track
of all of the rental property changes and keep a handle on everything. He noted the Village of
Andover Station and Grey Oaks condos could be removed since they are association maintained
and the City only does an exterior inspection. Councilmember Bukkila agreed with that.
Councilmember Howard indicated the license period is for two years so is there a lot of junk in
the yards after two years. He wondered if they should go to a yearly basis. Mr. Angell felt two
years was a good time frame for the reviews.
Mr. Dickinson stated when they initiated the program the City utilized non - homestead properties
Andover City Council Workshop Meeting
Minutes — August 26, 2014
Page 3
to create the list of potential rentals. They now have that significant amount of work done and to
re- establish the database again would be time consuming.
Councilmember Trade thought the City was actually doing a service to the rental owners by
having this program continue. Councilmember Bukkila agreed.
The Council and City Staff discussed the Single Family Rental Housing Program and what has
been accomplished since it started.
Councilmember Bukkila wondered what the legalities are to inform and enforce some of the
private properties that are abandoned because the City cannot walk onto the property to do a 360
look for violations or issues. Mr. Dickinson stated they will send communications indicating
they see it as an emergency abatement situation in order to preserve structure which will allow
the City to go in and do a band aid improvement and assess the costs back to the property.
Councilmember Bukkila thought there was a value in having an established system because it
allows them to be proactive and not reactive. Mr. Dickinson stated if this is just for code
enforcement, he felt they have a program in place that can address it, if it is to go to the next step
to track the rentals in the City they could go to a rental registration program without inspection,
which is where the cost is at. They are in the budget cycle of the year and are looking for
direction on how this program should move forward going into 2015. If they were looking to
stop this program they would look to stop it at June 2015 but if they feel this program is
worthwhile and that significant information is in place he suggested keeping the program going.
Councilmember Bukkila felt that the program was worthwhile.
Councilmember Howard asked if fifty dollars was enough to cover staff time. Mr. Dickinson
stated he did not think raising the fee a little bit would hurt but if they raised the fee higher than
$100 there might be opposition.
Mayor Gamache thought they should continue with the program.
------,
B. Multi- Family
Mr. Dickinson reviewed the Multi- Family Ordinance with the Council.
Councilmember Trade wondered if safe off - street parking was considered under life safety. Mr.
Dickinson stated they would like to have on -site parking where possible.
Councilmember Trade thought this program was very important because they do not want to
have bad looking rentals in the City.
Mr. Dickinson stated three or more unit dwellings are subject to very strict fire and building
Andover City Council Workshop Meeting
Minutes —August 26, 2014
Page 4
codes. He wondered if twin homes should be considered multi - family dwellings.
Councilmember Trude thought if they were they would be able to go in and inspect to make sure
there are working fire and carbon monoxide detectors. She would like to include them because
they are mandated. Fire Chief Streich explained they are not required by the State unless the city
requires it in their Ordinance. It is State Law to have a CO detector on every level within ten
feet of a sleeping room but it is not enforced unless driven by a complaint.
Councilmember Bukkila asked if there is something the City could do to address possible mold
damage in a home or other damages that need fixing. She described an issue she is aware of
Mr. Dickinson stated if the City gets a complaint from a renter /tenant there is a form the tenant
fills out and the City communicates with the landlord and indicates it should be fixed and if not
fixed within a set number of days the City can take action.
Councilmember Knight asked if the City could be liable for some issues that arise. Mr.
Dickinson stated if someone had a complaint and the City did not follow through they might get
called into it but outside of that it is really a landlord/tenant issue.
Fire Chief Streich stated the program itself, with the contact, gives them the loop when the tenant
does complain to contact the owner. The moisture issue is a two way street and how deep do you
want to go with a rental inspection.
The Council felt this program was working well and would welcome further discussion with the
Building Department.
2015 — 2019 CAPITAL IMPROVEMENT PLANDEVELOPMENT
Mr. Dickinson reviewed the CIP plan with the Council.
Councilmember Knight asked if there was any discussion with the YMCA about their expansion.
Mr. Dickinson stated they have and the YMCA is not inclined to go along with any project with
debt. They would rather bring cash to the table to make improvements or expansions so there
would need to be fundraising done.
Fire Chief Streich updated the Council on the Fire Department replacement gear and costs
associated with them.
Councilmember Bukkila asked if they have enough radios for everyone. Fire Chief Streich
stated they do not have enough radios for everyone but there are enough for every crew.
Councilmember Bukkila asked what the cost difference would be for a mobile compressor versus
one left at the Fire Station. Fire Chief Streich stated the cost difference would be minimal and
the one left at the station might have more life because it is not exposed to elements but if they
can be more efficient and reduce the potential liability on the street that would be huge.
Councilmember Bukkila asked if it would impact insurance. Fire Chief Streich was not sure.
1 •
NDOVE
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.AN DOVE RMN.GOV
TO:
CC:
FROM:
SUBJECT:
DATE:
Mayor and Council Members
Jim Dickinson, City
David Berkowitz, Director of Public Ww
/City Engineer
Discuss Rural Residential Speed Limit - Engineering
September 23, 2014
INTRODUCTION
The City Council is requested to discuss the current Speed Limit State Statute regarding rural
residential developments.
DISCUSSION
The City has been in the process of posting 35 MPH speed limit signs in rural residential developments
for the past few years so that a speed limit less that 55 MPH can be enforced in such developments.
Without the posting the statutory speed limit is 55 MPH. As we post these signs residents have been
questioning the speed and would like the speed limit lower than 35 MPH.
The City is near completing all postings in rural residential developments and one area off of Ward
Lake Drive continues to question the requirements.
Staff will review the statute with the City Council at the meeting.
ACTION REQUIRED
The City Council is requested to review current speed limit statute and discuss resident's questions.
Respectfully submitted,
C�o
David D. Berkowitz
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US
TO:
FROM:
SUBJECT:
DATE:
Mayor and Councilmembers
Jim Dickinson, City Administrator
Final 2015 -2019 Capital Improvement Plan (CIP) Development Discussion
September 23, 2014
INTRODUCTION
0
Administration/Finance has been working with Department Heads to prepare a "draft" 2015-
2019 CIP. Various committees (Vehicle Purchasing & Facility Management Committees) and
commissions (Parks and Recreation & Community Center Advisory) have contributed to the
current "draft" 2015 -2019 CIP.
DISCUSSION
A complete draft" 2015 -2019 CIP was distributed to the Council at the August 26, 2014 City
Council Workshop. Each of the individual CIP items do identify a funding source and a detailed
fund balance analysis of funding sources (based on various assumptions and estimates) is
contained in the Appendix section of the document.
At this time the Staff would like to discuss with the Council the outstanding discussion
items from the August Workshop (minutes attached). The primary topic to discuss will be
whether or not to reallocate the Park Improvement Funds in order to facilitate a Pine Hills
North multi -use building sooner than currently identified and the Trail Improvement
Project list. The various attachments will assist in that discussion.
The current schedule indicates the 2015 -2019 CIP is to be adopted by the Council at the
October 21st Council meeting.
ACTION REQUESTED
The Council is requested to receive a brief presentation from staff, and provide direction to staff
relative to the "draft" 2015 -2019 CIP.
E8
Andover City Council Workshop Meeting
Minutes — August 26, 2014
Page 4
codes. He wondered if twin homes should be considered multi - family dwellings.
Councilmember Trude thought if they were they would be able to go in and inspect to make sure
there are working fire and carbon monoxide detectors. She would like to include them because
they are mandated. Fire Chief Streich explained they are not required by the State unless the city
requires it in their Ordinance. It is State Law to have a CO detector on every level within ten
feet of a sleeping room but it is not enforced unless driven by a complaint.
Councilmember Bukkila asked if there is something the City could do to address possible mold
damage in a home or other damages that need fixing. She described an issue she is aware of
Mr. Dickinson stated if the City gets a complaint from a renter /tenant there is a form the tenant
fills out and the City communicates with the landlord and indicates it should be fixed and if not
fixed within a set number of days the City can take action.
Councilmember Knight asked if the City could be liable for some issues that arise. Mr.
Dickinson stated if someone had a complaint and the City did not follow through they might get
called into it but outside of that it is really a landlord/tenant issue.
Fire Chief Streich stated the program itself, with the contact, gives them the loop when the tenant
does complain to contact the owner. The moisture issue is a two way street and how deep do you
want to go with a rental inspection.
The Council felt this program was working well and would welcome further discussion with the
Building Department.
2015 — 20I9 CAPITAL IMPROVEMENT PLANDEVELOPMENT
Mr. Dickinson reviewed the CIP plan with the Council.
Councilmember Knight asked if there was any discussion with the YMCA about their expansion.
Mr. Dickinson stated they have and the YMCA is not inclined to go along with any project with
debt. They would rather bring cash to the table to make improvements or expansions so there
would need to be fundraising done.
Fire Chief Streich updated the Council on the Fire Department replacement gear and costs
associated with them.
Councilmember Bukkila asked if they have enough radios for everyone. Fire Chief Streich
stated they do not have enough radios for everyone but there are enough for every crew.
Councilmember Bukkila asked what the cost difference would be for a mobile compressor versus
one left at the Fire Station. Fire Chief Streich stated the cost difference would be minimal and
the one left at the station might have more life because it is not exposed to elements but if they
can be more efficient and reduce the potential liability on the street that would be huge.
Councilmember Bukkila asked if it would impact insurance. Fire Chief Streich was not sure.
Andover City Council Workshop Meeting
Minutes —August 26, 2014
Page 5
Councilmember Howard wondered if it would be a track or trailer mounted compressor. Fire
Chief Streich stated he would prefer it to be mounted to a truck chasis.
Mr. Dickinson updated the Council on park and recreation operations and projects.
The Council and staff discussed possible re- allocation of play equipment money to other
projects.
Mayor Gamache did not think they should spend money on Fox Meadows Park and the focus
should be on Pine Hills North. Mr. Dickinson stated the focus was to get irrigation to Fox
Meadows Park in order to get a useable field because they need to rotate and rest fields in some
other locations. They already have play equipment, a field and a parking lot at Fox Meadows
Park so a lot does not need to be added. He stated the amount for Fox Meadows Park is just a
placeholder at this time.
Councilmember Howard would like to push Crooked Lake hockey rink and the $50,000 for the
Round Lake master plan out another year and focus on a structure where people are going to
congregate at Pine Hills North.
Mr. Dickinson asked for Council concurrence on what Councilmember Howard suggested.
Councilmember Bukkila did not like the idea. She stated the Round Lake trail improvement and
ball field safety initiative are somewhat new and can be pushed out but the hockey rink boards
have been on their radar for two to three years and should be done.
Councilmember Trade thought the playground equipment money could be used for other
expenses this year and push out replacement of playground equipment. She thought they are
replacing that equipment too soon when it is not needed.
Councilmember Knight thought they needed to have some centrally located multi -use building at
Pine Hills North. He would like to at least get it started.
Councilmember Trade stated she liked Councilmember Howards plan to reallocate the funds.
Councilmember Bukkila indicated she liked it but wanted to get the hockey boards done as
planned.
Mr. Dickinson stated he would come back with a better way to allocate the money between the
projects, but thought it would be important to stay with the current plan on the Crooked Lake
hockey rink, that is the current expectation of the public.
The City Council recessed at 8:59 p.m.
The City Council reconvened at 9:05 p.m
City of Andover, MN
Capital Plan
2015 thru 2019
PROJECTS & FUNDING SOURCES BY DEPARTMENT
-7
L'
�J
Department Project# Priority 2015 2016 2017 2018 2019 Total
Central Equipment i
Replacement - Service Truck
16 -08800 -01
2
40,000
40,000
Equipment Bond
40,000
40,000
Central Equipment Total
40,000
40,000
Community Center
Replacement - Floor Scrubber
15- 44000 -01
1 14,000
14,000
Comm Ctr Operations
14,000
14,000
Replacement - Rink Flooring
15-04300 -01
1 50,000
50,000
Comm Ctr Operations
50,000
50,000
Replacement- Carpeting
16-04000 -01
1
7,000
7,000
Comm Ctr Operations
7,000
7,000
Replacement - Skate Sharpener /Rental Skates
16- 44200 -01
1
10,000
10,000
Comm Ctr Operations
10,000
10,000
Replacement- Safety Pads (wall)
16- 44400 -01
1
6,000
6,000
Comm Ctr Operations
6,000
Ti,000
ACCNMCA Expansion
17-04000 -01
2
3,000,000
3,000,000
G.O. Bond
3,000,000
3,000,000
Replacement - Volleyball Equipment
17- 44400 -01
1
7,000
7,000
Comm Ctr Operations
7,000
7,000
Refacing Rink Boards
18-04300 -01
1
21,000
21,000
Comm Ctr Operations
21,000
21,000
Replacement - Zamboni Battery Pack
18-04300 -02
1
14,000
14,000
Comm Ctr Operations
14,000
14000
Replacement- Field House Floor
19-04400 -01
1
40,000
40,000
Comm Ctr Operations
40,000
40,000
Community Center Total
64,000
23,000
3,007,000
35,000
40,000
3,169,000
Engineering
New Development Projects
15 41600 -01
1 140,000
150,000
160,000
160,000
165,000
775,000
Sewer Trunk Fund
110,000
110,000
117,000
117,000
120,000
574000
Water Trunk Fund
30,000
40,000
43,000
43,000
45,000
201,000
Pedestrian Trail Maintenance
15 41600 -02
1 70.000
72,000
75,000
175,000
80,000
472,000
Road B Bridge Funds
70,000
72,000
75,000
175,000
80,000
472000
New Pedestrian Trail and Sidewalk Segments
1641600 -01
1
383,000
118,000
460,000
961,000
Trail Funds
383,000
118,000
460,000
961,000
Engineering Total
210.000
605,000
353,000
795,000
245,000
2,208,000
Facility Management Total 83,000 165,000 440,000 865,000 4,355,000 5,908,000
Fire 1
Replacement - Turnout Gear
15 412200 -01
1
18,000
19,000
20,000
20,000
20,000
l:%
Department
Project#
Priority
2015
2016
2017
2018
2019
Total
Replacement - SCBA's
16 -02200 -01
1
250,000
250,000
Facility Management
Annual Parking Lot Maintenance
15 411900 -01
1
28,000
130,000
30,000
30,000
30,000
248,000
Capital Equipment Reserve
2
28,000
30,000
30,000
30,000
30,000
148,000
Comm Cir Operations
40,000
100,000
40,000
100,000
Replacement - CarpelI Tile
15 41900 -02
2
10,000
35,000
10,000
35,000
10,000
30,000
Capital Equipment Reserve
10,000
35,000
10,000
35,000
10,000
30,000
BuildingA - Seal Floor
15 411900 -03
1
20,000
150,000
25,000
45,000
Capital Equipment Reserve
20,000
150,000
25,000
45,000
Public WorWCommunity Center Master Planning
1541900 -04
1
25,000
25,000
45,000
50,000
Capital Projects Levy
25,000
25,000
45,000
50,000
Memorial - Veterans Memorial
16 41900 -01
1
10,000
45,000
10,000
Capital Equipment Reserve
10,000
45,000
10,000
Roof Replacment - Public Works
17411900 -01
1
400,000
340,000
340,000
400,000
Capital Equipment Reserve
400,000
340,000
340,000
400,000
Fire St. #2 Addition with additional land purchase
18 -41900 -01
2
344,000
295,000
55,000
835,000
1,107,000
835,000
G.O. Bond
835,000
834000
Addition to Storage Building & Vehicle Maint. Shop
1941900 -01
1
3,200,000
3,200,000
G.O. Bond
15,000
3,200,000
3,200,000
Attached Storage Building
19-41900 -02
1
320,000
320,000
G.O. Bond
320,000
320,000
Relocate Fuel Station wi Canopy
19- 41900 -03
2
320,000
320,000
G.O. Bond
320,000
320,000
Pedestrian Tunnel Under Crosstown Blvd.
19 -01900 -04
1
450,000
450,000
G.O. Bond
450,000
450,000
Facility Management Total 83,000 165,000 440,000 865,000 4,355,000 5,908,000
Fire 1
Replacement - Turnout Gear
15 412200 -01
1
18,000
19,000
20,000
20,000
20,000
97,000
Capital Equipment Reserve
18,000
19,000
20,000
20,000
20,000
97,000
Replacement - SCBA's
16 -02200 -01
1
250,000
250,000
Capital Equipment Reserve
250,000
250,000
Replacement - Fire Marshall Vehicle
16 -02200 -02
2
40,000
40,000
Equipment Bond
40,000
40,000
Replacement - 800 MHz radios
16 -02200 -03
1
35,000
35,000
35,000
35,000
140,000
Capital Equipment Reserve
35,000
35,000
35,000
35,000
140,000
Replacement - Breathing Air Compressor at St #1
17412200 -01
1
150,000
150,000
Equipment Bond
150,000
150,000
Replacement - Grass #31
17412200 -02
2
45,000
45,000
Equipment Bond
45,000
45,000
Replacement - Grass #21
17 412200 -03
2
45,000
45,000
Equipment Bond
45,000
45,000
Replacement - Tanker #11
19 -02200 -01
2
340,000
340,000
Equipment Bond
340,000
340,000
Fire Total
18,000
344,000
295,000
55,000
395,000
1,107,000
Information Technology
Microsoft DataCenter & CAL's License
15 -01420 -01
1
15,000
15,000
Capital Equipment Reserve
15,000
15,000
No
Department
Project#
Priority
2015
2016
2017
2018
2019
Total
Microsoft Office Upgrade
1541420 -02
2
15,000
15,000
Capital Equipment Reserve
15,000
15,000
New Server additionlreplacement
16- 41420 -01
1
20,000
20,000
Capital Equipment Reserve
20,000
20,000
Information Technology Total
30,000
20,000
50,000
Park & Rec - Operations
Replace /RepairPlaySWdures - VariousParks
15 -05000 -01
1
50,000
50,000
50,000
50,000
50,000
250,000
Capital Equipment Reserve
50,000
50,000
50,000
50,000
50,000
250,000
Replace/Repair Major Park Projects - Various Parks
15 -05000 -02
1
25,000
25,000
25,000
25,000
25,000
125,000
Capital Equipment Reserve
25,000
25,000
25,000
25,000
25,000
125000
Replacement - Toro Groundmaster #559
16- 45000-01
1
45,000
45,000
Equipment Bond
45,000
45,000
Replacement - One Ton Crew Cab Pickup #502
17- 45000 -01
1
50,000
50,000
Equipment Bond
50,000
50,000
Replacement - Taro Groundmaster #585
1745000 -02
1
120,000
120,000
Equipment Bond
120,000
120,000
Replacement - Water Tanker #161
19 45000 -01
1
150,000
150,000
Equipment Bond
150,000
150,000
Replacement - Trackless Trail Machine #525
19 45000 -02
1
150,000
150,000
Equipment Bond
150,000
150,000
Park & Rec - Operations Total
75,000
120,000
245,000
75,000
375,000
890,000
Park & Rec - Projects
Annual Miscellaneous Park Projects
15 45001 -01
1
15,000
15,000
15,000
15,000
15,000
75,000
Park Dedication Funds
15,000
15,000
15,000
15,000
15,000
75,000
Irrigation Projects - Small Parks
15 45001 -02
1
20,000
20,000
20,000
20,000
20,000
100,000
Park Dedication Funds
20,000
20,000
20,000
20,000
20,000
100,000
Pine Hills North - Phase II
15 45001 -03
1
70,000
180,000
500,000
500,000
500,000
1,750,000
Capital Equipment Reserve
450,000
500,000
500,000
1,450,000
Park Dedication Funds
70,000
180,000
50,000
300,000
Kelsey Round Lake Park Master Plan
15 45001 -04
1
50,000
50,000
Park Dedication Funds
50,000
50,000
Fencing Upgrades - Ballfleld Safety Initiatives
1545001 -05
1
25,000
25,000
Park Dedication Funds
25,000
25,000
Crooked Lake School Hockey Rink
1545001 -06
1
60,000
60,000
Capital Equipment Reserve
50,000
50,000
Parks Projects Levy
10,000
10,000
Langseth Park Trail Improvement
15 -05001 -07
1
20,000
20,000
Park Dedication Funds
20,000
20,000
City Campus Rinks - Pave Hockey Rink & Parking Lot
18 45001 -01
1
150,000
150,000
Park Dedication Funds
150,000
150,000
Fox Meadows Park - Renovation
19 45001 -01
1
200,000
200,000
Park Dedication Funds
200,000
200,000
Park & Rec - Projects Total
260,000
215,000
535,000
685,000
735,000
2,430,000
Sanitary Sewer
Televising Camera Upgrade
15 -08200 -01
1
86,000
86,000
ll
IN W-A
Department Project# Priorit} 2015 2016 2017 2018 2019 Total
Sanitary Sewer Fund 86,000 86,000
Sanitary Sewer Extensions
16 -48200 -01 1 500,000 105,000
605,000
Assessments
105,000
104000
Sewer Trunk Fund
500,000
500,000
Yellow Pine Lift Station
17- 48200 -01 1 650,000
650,000
Sewer Trunk Fund
650,000
650,000
Replacement - Jet/Vac Truck #99
17- 48200 -02 1 460,000
460,000
Sanitary Sewer Fund
230,000
230,000
Sewer Trunk Fund
230,000
234000
Sanitary Sewer Total
500,000
Streets / Highways
Storm Sewer y
Storm Sewer Improvements
15- 48300 -01
Storm Sewer Fund
Road 8 Bridge Funds
New - Plate Compactor
15 -08300 -02
Sanitary Sewer Fund
Construction Seal Coat Fund
Storm Sewer Fund
Road 8 Bridge Funds
Water Fund
Annual Pavement Markings
Replacement - Tymco Street Sweeper #172
18 -48300-01
Equipment Bond
Annual Curb Replacement
Replacement - Elgin Street Sweeper #169
19 -08300-01
Equipment Bond
Municipal State Aid Routes I New R Reconstruct
Storm Sewer Total
500,000
Streets / Highways
Annual Street Seal Coat Project
1543100 -01
Construction Seal Coat Fund
50,000
Road 8 Bridge Funds
60,000
Annual Street Crack Seal Project
15-03100 -02
Construction Seal Coat Fund
50,000
Road 8 Bridge Funds
60,000
Annual Pavement Markings
15 43100 -03
Road 8 Bridge Funds
Annual Curb Replacement
1543100 -04
Road 8 Bridge Funds
13,500
Municipal State Aid Routes I New R Reconstruct
15 43100 -0E
Assessments
Municipal State Aid Funds
4500
Street Overlays
15 43100 -0E
Assessments
Road 8 Bridge Funds
4500
Annual Street Reconstruction
1643100 -01
Assessments
Road 8 Bridge Funds
4500
Intersection Upgrades
1643100 -02
Municipal State Aid Funds
210,000
Replacement - One Ton Truck wi Plow #132
1643100 -02
Equipment Bond
Replacement - Dump truck w/ Snow removal #196
17 43100 -01
Equipment Bond
210,000
86,000
500,000
1,215,000
1,801,000
1 50,000
50,000
55,000
60,000
60,000
275,000
50,000
50,000
55,000
60,000
60,000
274000
1 13,500
13,500
4,500
4500
4,500
4500
4,500
4500
1
210,000
210,000
210,000
210,000
1
200,000
200,000
200,000
200,000
63,500
50,000
55,000
270,000
260,000
698,500
1 496,000
618,000
635,000
763,000
693,000
3,205,000
16,000
17,000
53,000
75,000
161,000
480,000
618,000
618,000
710,000
618,000
3,044,000
1 285,000
232,000
282,000
270,000
290,000
1,359,000
7,000
20,000
36,000
11,000
74,000
285,000
225,000
262,000
234,000
279,000
1,285,000
1 33,000
35,000
37,000
40,000
44,000
189,000
33,000
35,000
37,000
40,000
44,000
189,000
1 45,000
46,000
48,000
50,000
52,000
241,000
45,000
46,000
48,000
50,000
52,000
241,000
1 1,259,000
320,000
610,000
683,000
2,872,000
132,000
96,000
57,000
90,000
374000
1,127,000
224,000
553,000
593,000
2,497,000
1 600,000
600,000
150,000
150,000
450,000
454000
1
662,000
1,204,000
636,000
996,000
3,498,000
190,000
301,000
159,000
249,000
899,000
472,000
903,000
477,000
747,000
2,599,000
1
675,000
285,000
960,000
675,000
285,000
960,000
1
75,000
75,000
75,000
75,000
1
210,000
210,000
210,000
210,000
ff)
Department Project# Priority 2015 2016 2017 2018 2019 Total
Replacement - One Ton Truck w/ Plow #134
17 -03100 -02
1
75,000
75,000
Equipment Bond
75,000
75,000
Replacement - Dump Truck w/ snow removal #200
19 -03100 -01
1
220,000
220,000
Equipment Bond
220,000
220,000
Replacement - Dump Truck w/ Snow removal #201
19 -03100 -02
1
220,000
220,000
Equipment Bond
220,000
220,000
Replacement - Bobcat S185 #120
19 -03100 -03
1
50,000
50,000
Equipment Bond
50,000
50,000
Replacement - One Ton Truck w/ Plow #133
19 -03100 -04
1
75,000
75,000
Equipment Bond
75,000
75,000
Streets / Highways Total
2.718,000
2,663,000
3,101,000
2,044,000
3,323,000
13,849,000
Water
Rehabilitation of Wells
15 -08100 -01
1 25,000
50,000
50,000
50,000
50,000
225,000
Water Fund
25,000
50,000
50,000
50,000
50,000
225,000
Water Meter Reading System AMI /AMR
18 -08100 -01
2
900,000
900,000
Water Fund
900,000
900,000
Water Total
25,000
50,000
50,000
950,000
50,000
1,125,000
GRAND TOTAL
3,632,500
4,795,000
9,296,000
5,774,000
9,778,000
33,275,500
CITYOFANDOVER
Trail Fund (q)
Projected Fund Balance
`Target -10 % of current years commitments to create a contingency for any project overages.
" It is anticipated that all projects will not be fully expended by the end of the year, and future projects will be contingent on additional revenues.
2014
2015
2016
2017
2018
2019
TOTALS
Projected Sources of Revenue
Trail Fee $746 per unit
platted units
20
50
50
50
25
25
Trail Fee $
14,920
$ 37,300
$ 37,300
$ 37,300
$ 18,650
$ 18,650
$ 164,120
Total Revenues Available
14,920
37,300
37,300
37,300
18,650
18,650
164,120
Projected Commitments
WayFinding Signs/Exeroise Stations
20,000
20,000
5' Concrete Sidewalk along Quinn St- Bunker Lk Blvd to 137th Lane
15,000
15,000
8' Bituminous Trail along Andover Blvd - Bluebird St to Vale St
144,000
144,000
5' Concrete Sidewalk along Bunker Lk Blvd -Yukon St to Hidden Creek North Park
52,000
52,000
5' Concrete Sidewalk along Bunker Lk Blvd - Crosstown Blvd to Yukon St
187,000
187,000
8' Bituminous Trail along Crosstown Blvd - Coon Creek Bridge to S. Coon Creek Dr
118,000
118,000
8' Bituminous Trail and Boardwalk along Crosstown Blvd - Bunker Lk Blvd to 140th Ave
460,000
460,000
Total Commitments
35,000
-
383,000
118,000
460,000
996,000
Revenues Over (Under) Expenditures
(20,080 )
37,300
(345,700)
(80,700)
(441,350)
18,650
Fund Balance as of December 31, 2013
106,678
Fund Balance Brought Forward
86,598
123,898
(221,802)
(302,502)
(743,852)
Ending Fund Balance $
86,598
$ 123,898
$ (221,802)
$ (302,502)
$ (743,852)
$ (725,202)
`Target -10 % of current years commitments to create a contingency for any project overages.
" It is anticipated that all projects will not be fully expended by the end of the year, and future projects will be contingent on additional revenues.
Capital Plan
City of Andover, MN
2015 thru 2019
9
Justification
Expansion of the City's trail and sidewalk system provides more recreational and exercise opportunities along with an alternative mode of
transportation. These segments provide key connections to other existing trail and sidewalk routes.
Expenditures 2015
2016
2017
2018 2019
Total
Improvement
383,000
118,000
460,000
961,000
Total
383,000
118,000
460,000
961,000
Funding Sources 2015 2016
2017
2018 2019
Total
Trail Funds 383,000
118,000
460,000
961,000
Total 383,000
118,000
460,000
961,000
get hnpact/Other
al inspection and sweeping; and general maintenance including bituminous patching, crack filling and restoration to maintain the high
of service to pedestrians.
Projected Sources of Revenue
Park Dedication Fee - Residential Units
Park Dedication Fee - Residential ($2,810 /unit)
Park Dedication Fee - Commercial
Donation / Contribution
Capital Projects Levy - Park Improvements
Total Revenues Available
Projected Commitments
Hidden Creek North Park - Tower Rental
Rose Park - Reconstruction
Prairie Knoll Park - Pave Parking Lots
WayFinding Signs /Exercise Stations
Irrigation Project - Small
Kelsey Round Lake Park Master Plan
Fencing Upgrades - Ballfield Safety Initiatives
Crooked Lake School Hockey Rink
Langselh Park Trail Improvement
Pine Hills North - Phase II
City Campus Hockey Rinks - Pave rinks & parking lot
Fox Meadows - Reconstruction
Annual Miscellaneous Projects
Total Commitments
Revenues Over (Under) Expenditures
Fund Balance as of December 31, 2013
Fund Balance Brought Forward
Ending Fund Balance'"
CITY OF ANDOVER
Park Improvement Fund
Projected Fund Balance
2014
2015
2016
2017
2018
2019
TOTALS
20
50
50
50
25
25
$ 56,200
$ 140,500
$ 140,500
$ 140,500
$ 70,250
$ 70,250
$ 618,200
61,500
61,500
61,500
61,500
61,500
61,500
369,000
117,700
202,000
202,000
202,000
131,750
131,750
987,200
2,729
2,729
200,000
200,000
131,000
131,000
10,000
10,000
20,000
20,000
20,000
20,000
20,000
20,000
120,000
50,000
50,000
25,000
25,000
10,000
10,000
20,000
20,000
70,000
180,000
50,000
300,000
150,000
150,000
200,000
200,000
15,000
15,000
15,000
15,000
15,000
15,000
90,000
378,729
210,000
215,000
85,000
185,000
235,000
1,308,729
(261,029)
(8,000)
(13,000)
117,000
(53,250)
(103,250)
343,151
82,122
74,122
61,122
178,122
124,872
$ 82,122
$ 74,122
$ 61,122
$ 178,122
$ 124,872
$ 21,622
"Target - $50,000 to create a contingency for any project overages.
Capital Plan
City of Andover, MN
Project # 15- 45000 -01
Project Name Replace/Repair Play Structures - Various Parks
Type Improvement
Useful Life 10 Years
Category Park Improvements
Description
2015 thru 2019
Department Park & Rec - Operations
Contact DPW / City Engineer
Priority 1 -High
0
pair to fall zones and achieve ADA accessibility. Replacement of playground equipment and other major replacements, such as short fences
ball fields, soccer goals, and any area of play that does not meet safety specifications. The proposed rebuilds are as follows:
5 - Hidden Creek East & Timber Rivers
6 - Pine Hills & Purple Park
7 - Shadowbrook East
Justification
d equipment no longer meets ADA requirements, such as entrapments, fall zones and handicap accessibility. Working to bring the parks up
meet all safety requirements.
Expenditures 2015 2016 2017 2018 2019 Total
Equipment 50,000 50,000 50,000 50,000 50,000 250,000
Total 50,000 50,000 50,000 50,000 50,000 250,000
Funding Sources
2015
2016
2017
2018
2019
Total
Capital Equipment Reserve
50,000
50,000
50,000
50,000
50,000
250,000
Total
50,000
50,000
50,000
50,000
50,000
250,000
Budget bnpact/Other
maintenance and will meet all safety
Capital Plan
City of Andover, MN
2015 thru 2019
\0
Justification
As the Andover park system continues to age there is a need for major replacement projects that cost in excess of $10,000 per project. These
items can not be replaced through the Parks maintenace budget because of the high cost of the replacement. Current projects that are in need
include the replacement of the outfield fencing and parking lot reconstruction within City Parks. Each year a specific project will be identified.
Expenditures
2015
2016
2017
2018
2019
Total
Improvement
25,000
25,000
25,000
25,000
25,000
125,000
Total
Total 25,000
25,000
25,000
25,000
25,000
125,000
Funding Sources
2015
2016
2017
2018
2019
Total
Capital Equipment Reserve
25,000
25,000
25,000
25,000
25,000
125,000
Total
25,000
25,000
25,000
25,000
25,000
125,000
and rebuilds will reduce the ongoing maintenance that is needed to
Capital Plan 2015 thru 2019
City of Andover, MN
Project# 15- 45001 -01
Project Name Annual Miscellaneous Park Projects
Type Improvement Department Park & Rec - Projects
Useful Life Unassigned Contact Asst-Public Works Director
Category Park Improvements Priority 1 -High
Description
This is for unforeseen or requested miscellaneous projects that may arise during the year, requested by the public, staff, City Council or the
Park and Recreation Commission each year.
Justification
This gives flexibility to the City to do certain small -sized projects that may be warranted; for example, purchase soccer goals.
This funding has been recommended by the Park and Recreation Commission.
Expenditures 2015 2016 2017 2018
2019 Total
Improvement 15,000 15,000 15,000 15,000
15,000 75,000
Total 15,000 15,000 15,000 15,000
15,000 75,000
Funding Sources 2015 2016 2017 2018
2019 Total
Park Dedication Funds 15,000 15,000 15,000 15,000
15,000 75,000
Total 15,000 15,000 15,000 15,000
15,000 75,000
Budget Impact /Other
Capital Plan 2015 thru 2019
City of Andover, MN
Justification
Since most of the City parks have sandy soils, irrigation is pretty much the only way to keep the grass green and the area looking good
otherwise the area will turn to dirt and will be unsightly.
Expenditures
2015
2016
2017
2018
2019
Total
Improvement
20,000
20,000
20,000
20,000
20,000
100,000
Total 20,000
20,000
20,000
20,000
20,000
100,000
Funding Sources 2015 2016 2017 2018 2019 Total
Park Dedication Funds 20,000 20,000 20,000 20,000 20,000 100,000
Total 20,000 20,000 20,000 20,000 20,000 100,000
Capital Plan
City of Andover, MN
Project# 15- 45001 -03
Project Name pine gills North - Phase I1
2015 thru 2019
Type Improvement Department Park & Rec - Projects
Useful Life 20 Years Contact Asst.Public Works Director
Category Improvements Priority I -High
Description
0��
Phase H of the new sporting complex will include new small playground structure, portable restroom enclosures, providing a new well for
potable water, constructing a multi - purpose building (2016 & 2017), and install a septic system. The land was purchased in 2012. The fields
were graded, irrigated and seeded in 2013. Other potential Phase II improvements would include paved parking lots, trails and roadways, curb
and gutter, boardwalk and pedestrian bridges, nature trails, gazebo, and a few other amenities.
This project will be complete as funds become available.
Justification
Due to the growth of soccer, football, and lacrosse; an additional sports complex is necessary to keep up with demand so that the existing fields
are not over -used and allows those fields additional time to recover between games and practices.
Expenditures
2015
2016
2017
2018
2019
Total
Improvement
70,000
180,000
500,000
500,000
500,000
1,750,000
Total 70,000
180,000
500,000
500,000
500,000
1,750,000
Funding Sources 2015
2016 2017 2018
2019 Total
Capital Equipment Reserve
450,000 500,000
500,000 1,450,000
Park Dedication Funds 70,000
180,000 50,000
300,000
Total 70,000
180,000 500,000 500,000
500,000 1,750,000
complex will put additional burdens on existing park staff and budgets.
Capital Plan
City of Andover, MN
Project# 15- 45001 -04
Project Name Kelsey Round Lake Park Master Plan
2015 thru 2019
Type Improvement Department Park & Rec - Projects
Useful Life Contact Asst.Public Works Director
Category Park Improvements Priority 1 -High
Description
0�1
Since there are future opportunities for the park such as trail development, prairie restoration, interpretive center /restrooms /plaza, and
additional landscaping; it has been recommended to hire an independent consultant to help determine what future improvements should be
planned.
Justification
has been awhile since new improvements have been made to the park. With that in mind, the Park Commission has determined it would be
the best interest of the city to hire an independent consultant to evaluate options for future development of the park.
Expenditures 2015 2016 2017 2018 2019 Total
Planning /Design 50,000 50,000
Total 50,000 50,000
Funding Sources 2015 2016 2017 2018 2019 Total
Park Dedication Funds 50,000 50,000
Total 50,000 50,000
Budget Impact/Other
lone at this point.
Capital Plan
City of AnrinvPr MN
2015 thru 2019
L
i
Justification
To install sideline fencing along the 1 st and 3rd baselines to help protect players and spectators at the three parks to provide a safer
environment.
Expenditures 2015 2016 2017 2018 2019 Total
Improvement 25,000 25,000
Total 25,000 25,000
Funding Sources 2015 2016 2017 2018 2019 Total
Park Dedication Funds 25,000 25,000
Total 25,000 25,000
Budget Impact/Other
"_ontinued annual maintenance.
Capital Plan
City of Andover, MN
Project # 15- 45001 -06
Project Name Crooked Lake School Hockey Rink
2015 thru 2019
Type Improvement Department Park & Rec - Projects
Useful Life 15 Years Contact Asst.Public Works Director
Category Improvements Priority I -High
■
Description
Zcconstruct the hockey rink and relocate the free skating from south side of warming house to north side.
Justification
Sue to the condition of the existing hockey rink and issues that do exist for the free skating, the hockey rink is recommended to be reduced in
;ize and the free skate rink is to be relocated from the south of the warming house to the north side of the warming house.
Expenditures 2015 2016 2017 2018 2019 Total
Improvement 60,000 60,000
Total 60,000 60,000
Funding Sources 2015 2016 2017 2018 2019 Total
Capital Equipment Reserve 50,000 50,000
Parks Projects Levy 10,000 10,000
Total 60,000 60,000
annual maintenance.
Capital Plan
City of Andover, MN
Project# 15- 45001 -07
Project Name Langseth Park Trail Improvement
2015 thru 2019
Type Improvement Department Park & Rec - Projects
Useful Life 20 Years Contact Asst.Public Works Director
Category Improvements Priority I -High
Description
Construct a bituminus trail from 175th Lane NW to Langseth Park.
COP
Justification
:onstructing a new trail from 175th Lane NW to Langseth park will allow for a safer access from the neighborhood to the north to the park .
)therwise without a direct connection to the park, residents would have to access around the neighborhood along Round Lake Blvd and then
vest along 174th Lane NW. Round Lake Blvd does not currently have a shoulder to walk or bike on.
Expenditures 2015 2016 2017 2018 2019 Total
Improvement 20,000 20,000
Total 20,000 20,000
Funding Sources 2015 2016 2017 2018 2019 Total
Park Dedication Funds 20,000 20,000
Total 20,000 20,000
Impact /Other
1 annual maintenance.
Capital Plan 2015 thru 2019
City of Andover, MN
Justification
the rinks allows hockey teams or individuals to take advantage of having a hard surface to work on various hockey skills when the
r allows it. Also, providing a hard surface will allow the rinks to be ready earlier in the winter for ice skating.
Expenditures 2015 2016 2017 2018 2019 Total
Improvement 150,000 150,000
Total 150,000 150,000
Funding Sources 2015 2016 2017 2018 2019 Total
Park Dedication Funds 150,000 150,000
Total 150,000 150,000
Impact /Other
]annual maintenance.
Capital Plan
City of Andover, MN
2015 thru 2019
MO
Justification
For the size of this park, it is underutilized. Due to the condition of the existing field and the lack of a good playing surface, the field needs to
be upgraded. An additional smaller practice field adjacent to the full size field will help the association programs so that they have a place to
practice. In some cases, the soccer association may be able to use the smaller field for games since their highest concentration of players in
their Droeram are vounger aged nlavers.
Expenditures 2015 2016 2017 2018 2019 Total
Improvement 200,000 200,000
Total 200,000 200,000
Funding Sources 2015 2016 2017 2018 2019 Total
Park Dedication Funds 200,000 200,000
Total 200,000 200,000
Impact /Other
I annual maintenance.
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US
TO: Mayor and Councilmembers
FROM: Jim Dickinson, City Administrator
SUBJECT: 2015 Budget Development Discussion
DATE: September 23, 2014
INTRODUCTION
City Departments have submitted to Administration/Finance their proposed 2015 Annual
Operating Budgets, also the City Council has had a number of reviews of the 2015 Proposed
General Fund Budget that will be supported by the 2015 Tax Levy.
The Council did adopt at the September 2nd regular Council meeting a Preliminary 2015
General Fund Budget. The Preliminary 2015 Budget proposes a total property tax levy of
$11,143,925: $7,630,892 (68.48 %) operational levy, $2,136,065 (19.17 %) debt service levy,
and $1,376,968 (12.36 %) capital/watershed levy. The Council has the right to reduce or
keep constant this levy until the final certification date of December 29, 2014. The
proposed levy will result in a 2.77 % increase in the gross tax levy.
Administration will update the Council on progress to date and is looking for City Council
direction based on the progress report that will be provided at the meeting.
DISCUSSION
The following are the 2015 Budget Development guidelines were adopted at the March 4"' City
Council meeting:
1) A commitment to a City Tax Capacity Rate to meet the needs of the organization and
positioning the City for long -term competitiveness through the use of sustainable revenue
sources and operational efficiencies.
Note: Preliminary Anoka County Assessor taxable market value figures for the City of
Andover are reflecting an 18.10% increase in total taxable market value.
2) Continue with the current procurement and financial plan to appropriately expend the bond
proceeds generated from the successful 2006 Open Space Referendum.
Note: The Open Space Commission and Staff have been active pursuing open space
purchases. The City Council approved the purchase of the 40 acre Selmer /Blanchette parcel
at their September 16th City Council meeting. A small amount of bond proceeds still
remains for a future purchase.
3) A fiscal goal that works toward establishing the General Fund balance for working capital at
no less than 45% of planned 2015 General Fund expenditures and the preservation of
emergency fund balances (snow emergency, public safety, facility management &
information technology) through targeting revenue enhancements or expenditure limitations
in the 2014 adopted General Fund budget.
Note: With property tax revenues making up close to 80% of the total General Fund
revenues cash flow designations approaching 50% would be appropriate and are
recommended by the City's auditor. Emergency Fund Balances should be estimated to
stabilize the situation, not be the complete solution. Staff will review with the Council the
attached 2014 General Fund Balance Analysis at the meeting
4) A commitment to limit the 2015 debt levy to no more than 25% of the gross tax levy and a
commitment to a detailed city debt analysis to take advantage of alternative financing
consistent with the City's adopted Debt Policy.
Note: The adopted 2014 debt levy was 19.10% of the gross tax levy, the proposed 2015
Preliminary is currently at 19.17 %. If an additional debt issuance is considered in 2014 -
2015, the impact to the levy could be accommodated by the guideline. (See attached City of
Andover Property Tax Levy spreadsheet).
5) A comprehensive review of the condition of capital equipment to ensure that the most cost -
effective replacement schedule is followed. Equipment will be replaced on the basis of a cost
benefit analysis rather than a year based replacement schedule.
Note: The City Vehicle Purchasing Committee has performed this analysis, and that
committee's recommendations are include in the proposed "draft" 2015 -2019 Capital
Improvement Plan (CIP).
6) The use of long -term financial models that identify anticipated trends in community growth
and financial resources that will help designate appropriate capital resources for future City
needs. The financial models will be used in the budget planning process to ensure that key
short-term fiscal targets are in line with long -term fiscal projections.
Note: The City continually maintains various financial models to determine the long -term
impacts of present day expenditures and financing decisions. Fiscal assumptions are based
upon a complex set of financial data including growth factors, tax capacity valuations, per
capita spending and debt ratios.
7) A team approach that encourages 'strategic planning to meet immediate and long -term
operational, staffing, infrastructure and facility needs.
Note: The City Council has adopted City Council Goals and Values, those goals and values
guide budget and CIP development.
8) A management philosophy that actively supports the funding and implementation of Council
policies and goals, and a commitment to being responsive to changing community conditions,
concerns, and demands, and to do so in a cost effective manner.
Note: The City Council has formally adopted Council Goals and Values. Management,
through these goals, pay special attention to fiscal values, commercial & residential
development or redevelopment, collaboration opportunities, service delivery and the
livability/image of the community.
Staffing:
Administration is recommending the addition of a new Maintenance Worker position and
the costs associate with that position are included in the proposed 2015 Budget. The new
Maintenance Worker position was a request was made from the Public Works Department
in particular a Parks Maintenance Worker this is due to the significant amount of new
Park infrastructure added over the past few years and the need to maintain that
infrastructure.
Development and building activity is fairly robust at this time, it is anticipated that this activity
will continue into the near future. With the potential of various position vacancies,
Administration & Human Resource continually monitors staffing availability and budget to
maintain adequate service levels to the public.
There are some anticipated retirements in the next few years, we are placing a focus on
appropriate succession planning.
Personnel Related Implications:
To date the following are projected issues facing personnel related expenses:
1. Administration and Human Resources are reviewing position -based salaries in detail to
determine if the current compensation package is competitive with other government
entities to ensure competitiveness. A few staff positions will be recommended to receive
market adjustments.
As part of the budget process, pay steps for eligible employees will be included in the
2015 budget proposal A cost of living adiustment (COLA) for non - bargaining
employees is being explored and a placeholder is in the budget for providing a COLA
The Public Works Union is under contract for a 2% COLA for 2015.
2. A midyear review of the health plan was conducted with our broker in early July.
That review showed based on the most current experience period that claims are
significantly exceeding the premiums being paid which generally indicates that a
renewal will include a significant rate increase. Since early July the claims have
subsided and the forecasted claims trends are more favorable.
Administration /Human Resources are currently having our group marketed to
multiple health insurance providers, but based on the more favorable forecasted
claims Administration has reduced the previous proiected 25% increase in health
insurance to 10% for the proposed 2015 Budget.
The City currently offers the employees the option of two high deductible plans ($5,000
family, $2,500 single for in network expenses) with a health spending account (HSA),
this was implemented in 2006. As part of the program, the City pays for 100% of the
single health insurance premium for an accountable care plan and 76% for a family health
insurance premium accountable care plan. Employees that select the open network health
plan pay the increased cost over the accountable care plan. The City does contribute
annually to the employees HSA.
3. Administration and Human Resources will continue to encourage the PTO conversion
program for current City employees.
Contractual Departments:
1. The City Attorney 2014 contract included a 2.0% increase over the 2013 rate.
Discussion for the 2015 contract has been; if City employees are granted a COLA the
legal service contract would be treated the same. Administration /Finance is currently
awaiting replies from neighboring communities relative to their prosecution costs
2. The City Council approved the 2014 City of Andover Law Enforcement Contract with the
Anoka County Sheriff's Office. The 2014 budget for the contract is $2,818,132 and is
offset by a Police State Aid of $122,720 and School Liaison revenue of $88,254 reflecting
a net tax levy impact of $2,607,158.
The 2014 Sheriffs contract provides for:
a. 80 hours per day of patrol service
b. 6 hours per day of service provided by a Community Service Officer
c. School Liaison Officers in the middle school and high school
d. 2 Patrol Investigators
e. 50% of the Crime Watch Program's coordinator position.
It should be noted that the Sheriff's Department always provides the required number of
deputies for all hours contracted by the City. If the Sheriff's Department has a vacancy
or a deputy is injured etc.., they still provide the City with a deputy at straight time even
though they may have to fill those hours with overtime which at times may cost the
Sheriff's Department additional, but is not billable per the contract
The 2015 contract proposal will again maintain the status quo and reflects a 3.55% increase
($100,176) over the 2014 contract. The primary drivers of the increase are a union wale
increase, a State directed employer PERA contribution, and the new Public Safety Data
System annual maintenance cost.
Council Memberships and Donations /Contributions:
The following memberships /contributions are included in the proposed 2015 Budget:
• North Metro Mayors Association
$13,709
• Metro Cities
$ 9,301
• Mediation Services
$ 3,366
• 1 NIY 10 T 41uaffee
T390— NEW - ? ? ??
an,-,Per4afien
• YMCA — Water Safety Program
$ 8,500
• Alexandra House
$17,328
• Youth First (Program Funding)
$12,000
• NW Anoka Co. Community Consortium - JPA
$10,000
• Teen Center Funding (YMCA)
$24,500
• Lee Carlson Central Center for Family Resources $ 1,500
• Senior High Parties $ 1,000
Council direction is sought on how to budget for these items in 2015.
Capital Projects and Debt Service Funds
Capital Projects Levy:
Capital Projects Levy — The 2015 Capital Projects Levy Budget specifically designates
$1,336,968 of the general tax levy to capital projects and equipment needs relating to Capital
Outlay ($250,000), Road and Bridge ($967,197), Pedestrian Trail Maintenance ($58,271) and
Park Projects ($61,500). Specific designation of the tax levy to anticipated City needs and
priorities for transportation and trail maintenance, park projects and equipment outlays allows the
City to strategically allocate its resources and raise the public's awareness of City spending
priorities. The Road and Bridge levy is calculated according to Council Policy based on annual
growth increases /decreases, with Capital Outlay, Pedestrian Trail Maintenance and Park Levies
increased according to the City Council budget guidelines.
• Road and Bridge
An adjustment was made to the Road & Bridge funding formula in 2014, primarily to
stop the continual decrease in the leyv that has been happening over the past few years
due to decreases in the Anoka County Assessor taxable market value figures for the City
of Andover. Based on Council_ discussion, consensus is to stop the decline in road
funding and evaluate annually
Please note that in 2014. Local Government Aid (LGA) in the amount of $74,655 was
used to help fund the Road & Bridge Fund. That funding has gone away.
For 2015, the proposed levy to Roads is $967,197. The 2015 proposed levy to pedestrian
trail maintenance is $58,271, the same as was levied in 2014
• Park Improvements
This levy is an annual appropriation to be used to underwrite park improvement projects
as recommended by the Park and Recreation Commission and approved by the City
Council. This funding is intended to be a long -term supplemental source of capital
funding for park projects that is separately identified in the City's Five -Year Capital
Improvement Plan. The 2014 levy is $61,500, the same is currently proposed for 2015.
• Equipment/Projects
Under the Capital Projects Levy, a levy is proposed to be designated to capital
improvement /equipment project expenditures identified through the CIP process.
Through this designation, the City, over time, will build a fund reserve to avoid cash flow
"spikes" and address a wide range of capital improvement needs such as facility
maintenance projects under a more controlled spending environment. The 2014 levy is
$210.000 the proposed levy for 2015 is $250.000, increased to reflect the price increase
we have been seeing on equipment purchases.
Debt Service Lew:
Annually the Finance Department conducts a detailed debt service analysis to monitor
outstanding debt and to look for early debt retirement or refinancing opportunities that will yield
interest expense savings to the City. (Staff along with Ehlers & Associates has completed a
review and sees no new refinancing opportunities at this time.)
The proposed 2015 Debt Service levy is as follows:
• 2010A G.O. Open Space Referendum
$
184,238
• 2012A G.O. Equipment Certificate
$
140,000
• 2012B G.O. Capital. Imp. Refunding
$
540,120
• 2012C Taxable G.O. Abatement Bonds
$
975,652
• 2014 G.O. Equipment Certificates
$
296,055
Total
$2,136,065
• It should be noted that the levy is offset significantly by a $635,000 YMCA annual rental
payment for the Community Center bonds (2012C Taxable G.O. Abatement Bonds).
The proposed 2015 Debt Service levy reflects a 3.14% increase ($64,999).
ACTION REQUESTED
The Council is requested to receive a presentation and provide direction to staff.
submitted,
Attachments
City of Andover, Minnesota
Property Tax Levy
Other Levies
Capital Projects Levy
Capital Equipment/Project
Certified
Certified
Certified
Certified
Certified
Requested Change
2.24%
2010
2011
2012
2013
2014
2015 %of Total $
General Fund Levy $
7,596,494
$ 7,500,802
$ 7,332,857
$ 7,332,857
$ 7,435,891
$ 7,630,892 68.48% $ 195.001 2.62%
Debt Service Funds Levy
Road &Bridge
1,003,056
1,064,959
1,022,817
967,197
967,197
2004A G.O. Capital Improvement Bonds
368,418
412,320
405,292
381,290
-
51,773
2004 EDA Public Facility Revenue Bonds
934,203
960,858
1,092,684
452,082
181,803
-
2007A G.O. Equipment Certificate
208,000
-
-
35,000
40,000
40,000
2008A G.O. Equipment Certificate
171,410
188,972
-
-
-
-
2009AG.O. Equipment Certificate
130,738
142,783
-
-
-
-
2010A G.O. Open Space Referendum Bonds
87,797
139,179
182,558
184,973
187,283
184,238
2011A G.O. Equipment Certificate
-
85,000
102,017
101,745
-
-
2012A G.O. Equipment Certificate
-
-
125.000
125,000
140,000
140,000
2012B G.O. Cap Improv Refunding Bonds
-
-
-
138.339
561,015
540,120
2012C Taxable G.O. Abatement Bonds
-
-
-
578,045
740,965
975,652
2014 G.O. Equipment Certificate
$ 8,970,107
$ 8,839,803
$ 8,832,722
$ 9,125,772
260,000
296,055
Total Debt Service
1,900,566
1,929,112
1,907,551
1,961,474
2,071,066
2,136,065 19.17% $ 64,999 3.14%
Other Levies
Capital Projects Levy
Capital Equipment/Project
210,000
210,000
210,000
210,000
210,000
250,000
2.24%
$
40,000
19.05%
Parks Projects
59,410
61,500
61,500
61,500
61,500
61,500
0.55%
$
0.00%
Road &Bridge
1,003,056
1,064,959
1,022,817
967,197
967,197
967.197
8.68%
$
-
0.00%
Pedestrian Trail Maintenance
51,773
54,926
56.574
58,271
58,271
58.271
0.52%
$
-
0.00%
Lower Rum River Watershed
35,000
35,000
40,000
40,000
40,000
40,000
0.36%
$
0.00568%
0.00%
0.84100%
37.464%
Total Other
1,359,239
1.426,385
1,390,891
1,336.968
1,336,968
1.376,968
12.36%
$
40.000
2.99%
1.38%
"Adjusted Value determined by adjusting for Fiscal Disparities and Tax increment estimates.
Gross City Levy
10,856,299
10,856,299
10,631,299
10,631,299
10,843,925
11,143,925
100%
E
300,000
2.77%
38 .086%
- 12.158%
Less Fiscal Disparities Distribution
1,521,663
1,886,192
1,791,496
1,798,577
1,718,153
1,718,153
38.293%
- 11.681%
$ 300,000
2.77%
Local Tax Rate Levy
$ 9,334,636
$ 8,970,107
$ 8,839,803
$ 8,832,722
$ 9,125,772
$ 9,425,772
Less Levy Based on Market Value
$ (87,797)
$ (139179)
$ (182,558)
$ (184973)
$ (187,283)
E (184 238)
Net Local Tax Rate Levy
$ 9,246,839
$ 8,830,928
",657,245
$ 8,647,749
$ 8,938,489
$ 9,241,534
Adjusted Tax Capacity Value" $ 25,263,121 22,917,072
20,514,674
21,155,263
20.615,782
24,133,762
17 O6%
Chang e
0-
/ Chancre
Tax Capacity Rate "' 36.602% 38.534%
42.200%
40.878%
43.358%
38.293%
- 5.065%
11.681%
Tax Capacity Rate W/O LRRWSD 32.180% 36.484%
38.407%
42.090%
43.197%
Tax Capacity Rate With LRRWSD 32.483% 36.814%
38.746%
42.539%
43.657%
Rate
Ch in Rate Levy Ch in Levy
Voter Approved Ref - MV 0.00551% 0.00327%
0.00568%
0.00778%
0.84100%
37.464%
- 13.593%
$ 100.000
0.92%
37.671%
- 13.115%
$ 150,000
1.38%
"Adjusted Value determined by adjusting for Fiscal Disparities and Tax increment estimates.
37.879%
- 12.636%
$ 200,000
1.84%
Blended rate due to the City ofAndover levying for Lower Rum River Watershed District
38 .086%
- 12.158%
$ 250,000
2.31%
38.293%
- 11.681%
$ 300,000
2.77%
(1) Adjusted Tax Capacity Value is subject to change.
9/18/2014
City of Andover
General Fund
2014 Fund Balance Analysis
9/10/2014
Round 2
Actual
December 31, 2013 $ 6,960,236
2014 Estimated Fund Balance Increase (Decrease) (321,811)
Projected December 31, 2014 6,638,425
Less: Snow Emergency
(100,000)
Public Safety
(100,000)
Facility Management
(100,000)
Information Technology
(100,000)
Economic Development
(300,000)
Prepaids / Inventories
(106,445)
Working Cash Flow
(5,177,339)
Estimated Balance Available for Adjustments
$ 654,641
2014 Working Cash Flow Designation Calculation:
2015 Requested Expenditure $10,354,678
% of 2015 General Fund Expenditures 50.000%
$ 5,177,339
9/18/2014
CITY OF ANDOVER
General Fund
Revenue & Expense Summary
Actual Actual Actual Actual Actual Budget* Estimate Requested * Budget Change ( *)
2009 2010 2011 2012 2013 2014 2014 2015 $ %
REVENUES
Property Taxes
$ 6,588,601
$ 7,191,602
$ 7,115,936
$ 7,340,532
$ 7,376,284
$ 7,501,816
$ 7,511,891
$ 7,706,892
205,076
2.73%
License and Permits
291,904
329,901
387,206
449,826
536,707
307,355
326,380
316,588
9,233
3.00%
Intergovernmental Revenues
595,001
570,096
566,706
653,720
710,071
609,541
639,291
633,015
23,474
3.85%
Charges for Current Services
701,289
757,094
866,584
973,604
1,122,460
685,900
755,151
748,550
62,650
9.13%
Fines and Forfeits
110,779
104,780
99,777
97,571
96,130
100,750
95,750
100,750
-
0.00%
Interest Income
76,772
70,368
130,368
95,365
(17,096)
75,000
75,000
75,000
-
0.00%
Miscellaneous Revenue
130,522
134,772
127,509
149,857
140,982
91,850
124,020
98,850
7,000
7.62%
Transfers
196,930
196,930
196,930
196,930
196,930
196,930
196,930
196,930
0.00%
TOTAL REVENUES , ,
8,691,798 u
9,957;405 _,_:
10,162,468 �
• €9,569,142 %��
, 9,724;413 `'
'<: 9,876,575 �, =
+307433 `
.3;96 °l?
EXPENDITURES
General Government
2,161,367
2,224,872
2,271,094
2,223,773
2,308,882
2,672,379
2,637,873
2,741,298
68,919
2.58%
Public Safety
4,005,405
3,920,071
3,960,221
4,087,065
4,311,340
4,383,894
4,474,394
4,576,146
192,252
4.39%
Public Works
2,352,111
2,403,162
2,451,850
2,482,490
2,759,342
2,850,774
2,844,629
2,946,906
96,132
3.37%
Other
19,540
24,953
30,631
663,372
210,519
89,328
89,328
90,328
1,000
1.12%
TOTAL EXPENDITURES _ " ""8 538,423 ,.
8,573;058
8,713;79fi - :9,456 700 -
_ ..__
9;590;083 ,
.9 996,375
10;046 224
�' - -�
:�`�10;354,678';"�", W358,303'r,'''�,'� "":3158 %�
�UNDER,(OVER)BUDGET $'`153,375", "$ "'782,485 •$ 777;220'; '$•�:`500,705'$
9/18/2014
Actual
2009
CITY OF ANDOVER
General Fund - Expenditure Budget Summary Totals - By Department
Budget Year 2015
Actual Actual Actual Actual Budget* Estimate Requested• Change ( *)
2010 2011 2012 2013 2014 2014 2015 $ %
GENERAL GOVERNMENT
Mayor and Council
$ 105,318
$ 100,711
$ 101,373 $
83,622
$ 83,595
$ 86,840
$ 86,840
$ 87,154
314
0.36%
Administration
128,533
131,217
135,523
140,048
147,503
176,265
176,265
181,431
5,166
2.93%
Newsletter
22,405
17,094
22,897
22,336
17,677
26,000
24,000
26,000
0
0.00%
Human Resources
54,623
54,970
31,855
12,485
17,907
39,229
19,353
40,177
948
2.42%
Attorney
172,900
172,775
171,062
170,930
173,244
178,300
178,300
182,000
3,700
2.08%
City Clerk
96,621
95,165
100,697
101,377
108,312
129,400
129,490
135,759
6,359
4.91%
Elections
6,139
37,926
6,399
39,614
11,352
55,336
55,201
57,560
2,224
4.02%
Finance
210,206
194,863
207,032
207,337
215,215
235,459
235,009
241,053
5,594
2.38%
Assessing
120,113
144,760
143,693
143,338
144,561
150,000
146,500
150,000
0
0.00%
Information Services
122,614
136,931
142,964
136,025
135,982
170,629
170,629
172,563
1,934
1.13%
Planning & Zoning
323,682
327,567
324,303
318,523
349,489
401,360
399,235
415,260
13,900
3.46%
Engineering
388,285
389,038
413,818
427,339
452,788
465,656
463,756
472,390
6,734
1.45%
Facility Management
409,928
421,855
469,478
420,799
451,257
557,905
553,295
579,951
22,046
3.95%
Total General Gov , , , •y
•.2;161,367 ,
_ ;.2,224,872. _
: 24 ...._
2
2,308,882 __
2;672;379
< •yi °- 2;637,873 �,
%2;741,298
k 68;919 ,
r i2f58 °lO�
PUBLICSAFETY
Police Protection
2,545,642
2,599,246
2,615,407
2,693,896
2,740,899
2,818,132
2,818,132
2,918,308
100,176
3.55%
Fire Protection
998,350
967,715
974,988
1,015,825
1,126,979
1,127,389
1,207,839
1,193,428
66,039
5.86%
Protective Inspection
435,102
330,707
342,437
354,753
423,495
411,295
415,945
425,237
13,942
3.39%
Civil Defense
14,935
15,451
16,301
14,088
13,930
17,128
22,528
29,223
12,095
70.62%
Animal Control
1 1,376
6,952
11,088
8,503
6,037
9,950
9,950
9,950
0
0.00%
Total Public _.
_ Safety.
, ..
4,005405 _
. � 3,920,071. �
,,_
- .3,960,221 ,;
.,.
.4,087,065
..,
4,311,340
i4,383,894
_._. '+;`4;474[394 _ +-'
,.
'4,576146 .,1•,_.te
6,000
2.86%
PUBLIC WORKS
Streets and Highways
567,092
518,990
594,294
570,630
572,753
604,078
605,578
627,765
23,687
3.92%
Snow and Ice Removal
462,849
537,947
434,603
420,175
630,799
517,949
519,479
533,944
15,995
3.09%
Street Signs
159,213
166,244
175,833
170,200
162,861
197,274
202,774
204,047
6,773
3.43%
Traffic Signals
26,090
25,830
26,569
27,457
26,241
35,000
35,000
35,000
0
0.00%
Street Lighting
32,666
30,885
32,317
33,439
31,702
36,400
36,400
36,400
0
0.00%
Street Lights - Billed
180,641
186,320
189,144
195,197
210,331
210,000
210,000
216,000
6,000
2.86%
Park & Recreation
838,033
827,911
889,180
912,750
946,545
1,118,926
1,101,426
1,158,209
39,283
3.51%
Recycling
85,527
109,035
109,910
152,642
178,110
131,147
133,972
135,541
4,394
3.35%
'Total Pubhc_Work5„ _
__.. _
-•2;352,111 _.._
�%' 2,403,162; ,.
,2,451,850 �e «.6
2,482;490 ,'
._.d
";2,759,342 ?�'.;,
.�
2,$50,774,-ri
2,844,629'�''�" "-
......
2,946,904
(2,946906 3
OTHER 19,540 24,953 30,631 663,372 210,519 89,328 89,328 90,328 1,000 1.12%
Total Other, . W - 19,540 1 y , t +,'24,9531 LL�''� ' . ro30 631 `.'..., -' ; � x663 72 n 1 " 210 19 '� t�'89 28` M. ky "89;328, =` 90,328 " 1 ,91 3'�?7s1Ro/.
,.,,... ,5 ,1,000.k.,
CITY OF ANDOVER
General Fund
Revenue Budget Worksheet- 2015
Actual Actual Actual Actual Actual Budget* Estimate Requested Change ( *)
Account Number Description 2009 2010 2011 2012 2013 2014 2014 2015 $ %
Miscellaneous Revenue
License & Permits
41230 58100 Refunds & Reimbursements
1,850
1,512
3,500
Miscellaneous Revenue
1,850
1,512
3,500
Total
1,850
1,512
3,500
Charges For Services
License & Permits
41310 54175 Council Filing Fee
41300
52100
Liquor - Intoxicating
25,046
27,179
29,438
23,543
35,550
28,200
28,200
28,200
-
0.00%
41300
52105
Liquor - Non - Intoxicating
375
459
375
300
450
300
300
300
-
0.00%
41300
52110
Tobacco
3,500
4,278
3,750
3,250
3,750
3,500
3,500
3,500
-
0.00%
41300
52115
Refuse/Recycler Haulers
2,850
3,175
3,750
3,336
3,725
2,800
3,500
3,000
200
7.14%
41300
52120
Peddler
975
1,800
600
1,050
1,450
700
1,200
11000
300
42.86%
41300
52125
Therapeutic Massage
475
1,949
1,073
475
912
600
600
600
-
0.00%
41300
52126
Vehicle Sales License
315
210
525
105
945
105
105
105
150
0.00%
150
-
License & Permits
33,536
39,050
39,511
32,059
46,782
36,205
37,405
36,705
500
1.38%
20.00%
41400 54320 Finance Charge
Charges For Services
319
127
658
1,971
100
100
100
-
0.00%
Charges For Services
41300
54100
Notary Fees
108
186
126
99
234
100
100
100
-
0.00%
41300
$4115
Sale of Copies, Ord, etc.
202
125
50
61
14
50
50
50
-
0.00%
41300
54125
Assessment Searches
1,425
2,325
2,725
6,795
5,925
1,400
1,400
1,400
-
0.00%
41300
54145
Party Permits
120
200
160
200
155
100
100
100
-
0.00%
41300
54155
Recording Fees
1,500
200
760
600
800
500
500
500
-
0.00%
Charges For Services
3,355
3,036
3,821
7,755
7,128
2,150
2,150
2,150
-
0.00%
37,800
37,800
Fines
-
0.00%
Miscellaneous Revenue
37,800
37,800
37,800
37,800
37,800
37,800
37,800
41300
56100
Court Fines
109,654
103,130
98,877
96,821
95,255
100,000
95,000
100,000
-
0.00%
41300
56200
False Alarm Fines
1,125
1,650
900
750
875
750
750
750
-
0.00%
Fines
110,779
104,780
99,777
97,571
96,130
100,750
95,750
100,750
-
0.00%
9/18/2014
Miscellaneous Revenue
41300
58175
Contributions
590
542
601
814
1,015
500
670
500
-
0.00%
Miscellaneous Revenue
590
542
601
814
1,015
500
670
500
-
0.00%
Total
148,260
147,408
143,710
138,199
151,055
139,605
135,975
140,105
500
0.36%
Charges For Services
41310 54175 Council Filing Fee
55
30
-
#DIV /01
Charges For Services
55
30
-
#DIV /01
Miscellaneous Revenue
41310 58100 Refunds & Reimbursements
150
150
-
#DIV /01
Miscellaneous Revenue
150
150
-
#DIV /01
Total
150
55
180
-
#DIV /0!
Charges For Services
41400 54165 Bad Check Fee
210
90
150
120
I50
150
150
150
-
0.00%
41400 54285 Finance Department Fees
41,754
32,272
31,738
48,084
151,602
25,000
30,000
30,000
5,000
20.00%
41400 54320 Finance Charge
67
319
127
658
1,971
100
100
100
-
0.00%
Charges For Services
42,031
32,681
32,015
48,862
153,723
25,250
30,250
30,250
5,000
19.80%
Miscellaneous Revenue
41400 58100 Refunds & Reimbursements
11,168
10,540
4,622
39,754
28,407
15,000
-
#DIV /0!
Miscellaneous Revenue
11,168
10,540
4,622
39,754
28,407
15,000
-
#DIV /01
Total
53,199
43,221
36,637
88,616
182,130
25,250
45,250
30,250'q
5,000
19.80 °%
Miscellaneous Revenue
41420 58110 Computer Services
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
-
0.00%
Miscellaneous Revenue
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
-
0.00%
Total
37,800
37,800
37,800
37,800
37,800
37,800
37,800
37,800
-
0.00%
41500= P/annln &!Zonm �`-�
License & Permits
9/18/2014
CITY OF ANDOVER
General Fund
Revenue Budget Worksheet - 2015
Actual
Actual
Actual
Actual
Actual
Budget'
Estimate
Requestedi
Change ( ")
Account Number
Description
2009
2010
2011
2012
2013
2014
2014
2015
S
%
41500
52130
Rezoning
-
325
325
165
165
500
500
500
-
0.00%
41500
52135
Conditional Use
5,963
-
550
2,230
2,150
-
550
-
500
#DIV /01
41500
52140
Variance
340
300
600
300
300
500
500
500
(200)
- 40.00%
41500
52145
Lot Splits
30
-
60
300
330
300
400
300
3,200
1066.67%
41500
52150
Signs
5,093
2,904
3,100
3,221
5,048
3,500
3,500
3,500
(2,750)
- 78.57%
41500
52155
Vacation of Easement
375
350
Soo
500
375
-
125
-
-
#DIV /0!
41500
52260
Comp Plan Amendment
500
500
-
#DIV /01
License & Permits
11,801
4,379
5,135
7,216
8,368
4,800
5,575
4,800
-
0.00%
Charges For Services
41500
54105
Plat Fees
11000
650
650
1,500
1,350
750
2,500
750
(400)
- 53.33%
41500
54130
Meeting Notification Signs
480
150
210
240
300
350
350
350
1,650
471.43%
41500
54280
Flood / Zone Search Letter
100
150
150
100
25
-
-
3,100
#DIV /0!
41500
54290
Planning Department Fees
1,422
1,841
2,003
3,630
3,527
2,000
3,500
21000
(2,000)
- 100.00%
Charges For Services
3,002
2,791
3,013
5,470
5,202
3,100
6,350
3,100
-
0.00%
Miscellaneous Revenue
41500
58100
Refunds &Reimbursements
25
30
88
-
#DIV /0!
Miscellaneous Revenue
25
30
88
-
#DIV /0!
Total
14,803
7,195
8,178
12,686
13,658
7,900
11,925
71900
-
0.00%
41600 - =E meerin
License & Permits
41600
52250
Curb Cut
50
-
-
50
50
-
-
-
-
#DIV /01
41600
52265
Fencing /Retaining Wall
1,525
1,400
1,525
1,525
1,650
1,000
1,500
1,500
500
50.00%
License & Permits
1,575
1,400
1,525
1,575
1,700
1,000
1,500
1,500
500
50.00%
Charges For Services
41600
54180
Escrow Inspection Fee
700
1,350
700
Soo
2,000
-
500
500
500
#DIV /01
41600
54185
Site Plan Review - Trees
-
1,690
975
1,560
1,170
-
-
-
-
#DIV /0!
41600
54200
Engineer Fees -PW Director
20,053
17,678
25,460
26,259
29,301
17,500
20,000
22,000
4,500
25.71%
41600
54205
Engineer Fees - Asst PW Dinx
8,439
4,807
4,316
11,220
14,332
5,000
11,000
7,500
2,500
50.00%
41600
54210
Engineer Fees - Asst Engineer
77,670
73,537
87,053
112,201
104,075
70,000
75,000
75,000
5,000
7.14%
41600
54215
Engineer Fees - Tech 1V
171,708
166,941
223,375
292,377
283,144
165,000
200,000
200,000
35,000
21.21%
41600
54220
Engineer Fees - Natural Res T<
3,177
973
1,337
2,383
3,303
2,000
2,000
2,000
-
0.00%
41600
54225
Engineer Fees - Secretary
9,951
9,808
13,444
14,007
10,080
8,000
10,000
10,000
2,000
25.00%
41600
54230
Engineer Fees - Intern
-
-
-
-
7,536
1,000
2,000
1,000
-
0.00%
41600
54235
Engineer Fees - Mileage
3,127
2,676
3,206
4,747
5,070
2,500
3,000
3,000
500
20.00%
41600
54295
Grading Inspection Fee
1,900
2,215
2,632
2,826
3,747
750
1,000
2,000
1,250
166.67%
41600
54305
Administrative Fees
100
994
-
-
100
-
-
-
-
#DIV /0!
41600
54335
Bid Plans
1,300
2,050
350
765
750
750
750
-
0.00%
Charges For Services
298,125
284,719
362,848
469,145
463,858
272,500
325,250
323,750
51,250
18.81%
Miscellaneous Revenue
41600
58100
Refunds & Rehnburements
-
-
300
1,200
100
-
-
#DIV /0!
Miscellaneous Revenue
300
1,200
100
-
#DIV /01
Total
299,700
286,119
364,373
471,020
466,758
273,500
326,850
325,250
51,750
18.92%
r- 41-975' - Sunshine Park Concessvons^
Charges For Services
41975
55540
Concessions
60,022
57,095
55,973
47,535
47,460
48,000
48,000
48,000
-
0.00%
Charges For Services
60,022
57,095
55,973
47,535
47,460
48,000
48,000
48,000
-
0.00%
Total
60,022
57,095
55,973
47,535
47,460
48,000
48,000
48,000
-
0.00%
41985Andmvr SlNCancessransr
Charges For Services
41985
55540
Concessions
10,887
14,501
11,461
8,511
16,264
8,000
8,000
8,000
-
0.00%
Charges For Services
10,887
14,501
11,461
8,511
16,264
81000
8,000
81000
-
0.00%
Total
10,887
14,501
11,461
8,511
16,264
8,000
8,000
8,000
-
0.00%
Intergovernmental Revenue
42100
53370
State Police Aid
114,840
114,840
116,820
112,860
124,800
122,720
122,720
122,720
-
0.00%
42100
53840
School District Liaison
83,988
83,988
83,988
84,828
86,524
88,254
88,254
88,254
-
0.00%
Intergovenunental Revenue
198,828
198,828
200,808
197,688
211,324
210,974
210,974
210,974
-
0.00%
Total
198,828
198,828
200,808
197,688
211,324
210,974
210,974
210,974
-
0.00%
9/18/2014
MY OF ANDOVER
General Fund
Revenue Budget Worksheet- 2015
Actual
Actual
Actual
Actual
Actual
Budget*
Estimate
Requestedi
Change ( +)
Account Number
Description
2009
2010
2011
2012
2013
2014
2014
2015
$
%
q-- .._...s- ,._._....._�-- -... -.
�_. 42200- F1rePrdrectrox., -,
License & Permits
42200
52160
Fire Permit
402
4,849
3,408
2,791
4,552
3,000
3,000
3,000
-
0.00%
42200
52165
Burning Permit
1,162
1,080
1,100
1,160
940
1,100
1,100
1,100
-
0.00%
License & Permits
1,564
5,929
4,508
3,951
5,492
4,100
4,100
4,100
-
0.00%
Intergovernmental Revenue
42200
53410
State Fire Aid
103,492
104,210
106,170
107,440
153,555
115,000
115,000
115,000
-
0.00%
42200
53490
Other Grants
4,000
5,000
12,800
17,340
29,750
17,040
17,040
#DIV /0!
Intergovernmental Revenue
107,492
109,210
106,170
120,240
170,895
115,000
144,750
132,040
17,040
14.82%
Charges For Services
42200
54110
Plan Check Fees
49
579
1,996
1,634
2,540
1,000
1,000
11000
-
0.00%
42200
54120
Reports
250
60
245
80
165
100
100
-
(100)
- 100.00%
42200
54169
Inspection Fee
650
400
550
250
450
300
300
300
-
0.00%
Charges For Services
949
1,039
2,791
1,964
3,155
1,400
1,400
15300
(100)
-7.14%
Miscellaneous Revenue
42200
58100
Words & Reimbursements
707
10,515
1,107
492
1,761
500
500
500
-
0.00%
42200
58125
Donations
554
600
3,450
300
150
-
#DIV /0!
Miscellaneous Revenue
1,261
11,115
4,557
792
1,911
500
500
500
-
0.00%
Total
111,266
127,293
118,026
126,947
181,453
121,000
150,750
137,940
16,940
14.00%
License & Permits
42300
52170
Rental Licenses - Multi
7,950
2,836
8,250
3,136
7,350
3,500
1,000
3,500
-
0.00%
42300
52171
Rental Licenses - Single
9,500
2,000
10,400
4,800
11,900
-
4,000
-
42300
52175
Contractor
8,335
8,895
7,690
8,455
9,525
7,000
5,000
-
(7,000)
- 100.00%
42300
52180
Tree Trimmers
750
850
900
750
1,150
500
500
500
-
0100%
42300
52185
Building
146,864
177,445
193,225
246,621
274,313
155,000
160,000
160,000
5,000
3.23%
42300
52190
Heating
27,148
37,980
36,345
34,743
45,062
25,000
25,000
30,000
5,000
20.00%
42300
52195
Plumbing
17,808
23,908
29,064
30,839
42,447
20,000
20,000
20,000
-
0.00%
42300
52200
Septic Systems
2,750
3,130
2,975
4,200
3,400
2,000
2,000
2,000
-
0.00%
42300
52205
Septic Pumping
11,640
10,950
13,755
12,780
9,870
11,000
11,000
11,000
-
0.00%
42300
52215
Sanitary Sewer
1,075
1,550
1,375
1,850
2,025
1,000
1,000
1,000
-
0.00%
42300
52220
Certificate of Occupancy
510
800
650
880
1,030
600
600
600
-
0.00%
42300
52225
Gas Fireplace
6,000
5,550
6,750
5,325
7,500
5,000
5,000
5,000
-
0.00%
42300
52230
Electric Pewits
21,930
48,046
55,131
28,200
40,000
33,333
5,133
18.20%
License &Permits
240,330
275,894
333,309
402,425
470,703
258,800
275,100
266,933
8,133
3.14%
Charges For Services
42300
54110
Plan Check Fees
60,381
86,977
100,872
97,883
124,953
55,000
60,000
60,000
5,000
9.09%
42300
54135
Sewer Administration
645
930
825
1,110
1,215
800
-
-
(800)
- 100.00%
42300
54170
Reinspection Fee
-
-
1,443
6,579
5,114
-
15000
-
-
#DIV /01
42300
54325
Building Department Fee
300
323
513
484
533
200
-
#DIV /0!
Charges For Services
61,326
88,230
103,653
106,056
131,815
55,800
615200
60,000
45200
7.53%
Total
301,656
364,124
436,962
508,481
602,518
314,600
336,300
326,933
12,333
3.92%
License & Pewits
42500
52235
Dog Kennel
50
75
50
50
500
50
200
50
-
0.00%
42500
52240
Dog License
3,048
3,174
3,168
2,550
3,162
2,400
2,500
2,500
100
4.17%
License & Pewits
3,098
3,249
3,218
2,600
3,662
2,450
2,700
2,550
100
4.08%
Total
3,098
3,249
3,218
2,600
3,662
2,450
2,700
2,550
100
4.08%
Intergovernmental Revenue
43100
53401
State Highway Aid - Maintenin
185,007
190,557
196,274
202,162
208,227
214,474
214,474
220,908
6,434
3.00%
Intergovernmental Revenue
185,007
190,557
196,274
202,162
208,227
214,474
214,474
220,908
6,434
3.00%
Charges For Services
43100
54245
Street Department Fees
856
551
-
#DIV /01
Charges For Services
856
551
-
#DIV /0!
Special Assessments
43100
57300
Spec Assess - Interest & Penal
91
121
534
149
57
-
-
-
-
#DIV /0!
43100
57400
Spec Assess - Certified Bil
4,166
9,301
7,418
4,820
1,436
2,500
-
#DIV /0!
Special Assessments
4,257
9,422
7,952
4,969
1,493
2,500
-
#DIV /0!
9/18/2014
CITY OF ANDOVER
General Fund
Revenue Budget Worksheet- 2015
Actual
Actual
Actual
Actual
Actual
Budget*
Estimate
Requested Change
Account Number Description
2009
2010
2011
2012
2013
2014
2014
2015 $ %
Miscellaneous Revenue
3,446
14,713
3,000
3,000
3,000
-
0.00%
43100 58100 Refunds & Reimbursements
5,813
7,612
7,833
2,055
1,874
14,713
3,000
3,000
Miscellaneous Revenue
5,813
7,612
7,833
2,055
1,874
Total
195,077
208,447
212,059
209,186
211,594
214,474
217,525
220,908 6,434 3.00%
Charges For Services
43300
54190
Sale of Street Signs
2,529
4,014
8,831
3,446
14,713
3,000
3,000
3,000
-
0.00%
Charges For Services
2,529
4,014
8,831
3,446
14,713
3,000
3,000
3,000
-
0.00%
Miscellaneous Revenue
43300
58100
Refunds & Reimbursements
192
99
468
562
1,922
2,200
Miscellaneous Revenue
192
99
468
562
1,922
2,200
Total
2,721
4,113
9,299
4,008
16,635
3,000
5,200
3,000
-
0.00%
43600: 0:- SYreetLighCS =Billed
Charges For Services
43600
55410
Street Lights - User Fee
188,495
225,937
232,681
234,134
233,723
234,000
234,000
234,000
-
0.00%
43600
55440
Street Lights - Penalties
751
801
728
706
260
700
(700)
- 100.00%
Charges For Services
189,246
226,738
233,409
234,840
233,983
234,700
234,000
234,000
(700)
- 0.30%
Special Assessments
43600
57300
Spec Assess - Interest & Penal
76
129
201
48
38
-
-
-
-
#DIV /01
43600
57400
Spec Assess - Certified Bit
2,442
2,766
5,403
2,761
2,323
1,700
-
#DIV /0!
Special Assessments
2,518
2,895
5,604
2,809
2,361
1,700
-
#DIV /01
Total
191,764
229,633
239,013
237,649
236,344
234,700
235,700
234,000
(700)
-0.30%
.45000 -Parks& Recreation
Intergovernmental Revenue
45000
53420
State DNR
8,977
-
#DIV /0!
Intergovemmental Revenue
8,977
-
#DIV /0!
Charges For Services
45000
54160
Tournament Fees
338
835
430
460
2,615
-
#DIV /0!
Charges For Services
338
835
430
460
2,615
-
#DIV /01
Miscellaneous Revenue
45000
58100
Refunds & Reimbursements
811
2,524
3,166
1,213
692
-
-
-
-
#DIV /01
45000
58105
Rent
1,020
1,500
1,210
500
1,210
-
#DIV /0!
Miscellaneous Revenue
1,831
4,024
4,376
1,713
1,902
-
#DIV /01
Total
2,169
4,859
13,783
2,173
4,517
-
#DIV /0!
Intergovernmental Revenue
46000
53360
SCORE Reimbursement
56,467
57,536
43,531
59,055
108,286
59,000
59,000
59,000
-
0.00%
46000
53890
Misc Grants
57,844
-
Intergovernmental Revenue
56,467
57,536
43,531
116,899
108,286
59,000
59,000
59,000
-
0.00%
Charges For Services
46000
54150
Recycling Fees
29,479
40,504
48,339
39,530
42,544
32,000
35,000
35,000
3,000
9.38%
Charges For Services
29,479
40,504
48,339
39,530
42,544
32,000
35,000
35,000
3,000
9.38%
Total
85,946
98,040
91,870
156,429
150,830
91,000
94,000
94,000
3,000
3.30%
49100 - Unallocated.:- ::'
-.
General Property Tax
49100
51100
Property Tax - Current
5,579,775
6,086,792
5,701,098
5,990,448
6,003,532
7,435,891
7,435,891
7,630,892
195,001
2.62%
49100
51110
Property Tax - Delinquent
121,740
88,826
102,272
104,355
114,837
60,925
70,000
70,000
9,075
14.90%
49100
51300
Fiscal Disparities
881,641
1,008,656
1,303,563
1,230,371
1,239,279
-
-
-
-
#DIV /0!
49100
51400
Penalties & Interest on Taxes
5,445
7,328
9,003
15,358
18,636
5,000
6,000
6,000
1,000
20.00%
General Property Tax
6,588,601
7,191,602
7,115,936
7,340,532
7,376,284
7,501,816
7,511,891
7,706,892
205,076
2.73%
Intergovernmental Revenue
49100
53310
Local Government Aid
-
-
-
-
-
-
-
-
-
#DIV /0!
49100
53340
PERA Aid
10,093
10,093
10,093
10,093
10,093
10,093
10,093
10,093
-
0.00%
49100
53380
Market Value Homestead Cred
37,114
3,872
853
2,354
1,246
-
-
-
#DIV /0!
9/18/2014
CITY OF ANDOVER
General Fund
Revenue Budget Worksheet - 2015
9/18/2014
Actual
Actual
Actual
Actual
Actual
Budget*
Estimate
Requestedi
Chan a ( *)
Account Number
Description
2009
2010
2011
2012
2013
2014
2014
2015
S
%
49100
53490
Other Grants
4,284
Intergovernmental Revenue
47,207
13,965
10,946
16,731
11,339
10,093
10,093
10,093
-
0.00%
Investment Income
49100
56910
Interest Earned
69,288
62,540
85,345
92,182
84,772
75,000
75,000
75,000
-
0.00%
49100
56920
Valuation Adjustment
7,484
7,828
45,023
3,183
(101,868)
-
#DIV /01
Investment Income
76,772
70,368
130,368
95,365
(17,096)
75,000
75,000
75,000
-
0.00%
Miscellaneous Revenue
49100
58100
Refunds &Reimbursements
17,120
-
-
-
-
-
-
-
-
#DIV /0!
49100
58105
Rent
47,750
50,650
53,650
56,259
59,456
53,000
60,000
60,000
7,000
13.21%
49100
58140
Maps, etc
72
48
16
30
41
50
50
50
-
0.00%
Miscellaneous Revenue
64,942
50,698
53,666
56,289
59,497
53,050
60,050
60,050
7,000
13.20%
Other Financing Sources
49100
59100
Operating Transfers In
196,930
196,930
196,930
196,930
196,930
196,930
196,930
196,930
-
0.00%
Other Financing Sources
196,930
196,930
196,930
196,930
196,930
196,930
196,930
196,930
-
0.00%
Total
6,974,452
7,523,563
7,507,846
7,705,847
7,626,954
7,836,889
7,853,964
8,048,965
212,076
2.71%
Grand Total
8,691,798
9,355,543
9,491,016
9,957,405
10,162,468
9,569,142
9,724,413
9,876,575
307,433
3.21%
General Fund
Summary
51000
General Property Tax
6,588,601
7,191,602
7,115,936
7,340,532
7,376,284
7,501,816
7,511,891
7,706,892
205,076
2.73%
52000
License & Permits
291,904
329,901
387,206
449,826
536,707
307,355
326,380
316,588
9,233
3.00%
53000
Intergovernmental Revenue
595,001
570,096
566,706
653,720
710,071
609,541
639,291
633,015
23,474
3.85%
54000
Charges For Services
701,289
757,094
866,584
973,604
1,122,460
685,900
755,151
748,550
62,650
9.13%
56000
Fines
110,779
104,780
99,777
97,571
96,130
100,750
95,750
100,750
-
0.00%
56900
Investment Income
76,772
70,368
130,368
95,365
(17,096)
75,000
75,000
75,000
-
0.00%
57000
Special Assessments
6,775
12,317
13,556
7,778
3,854
-
4,200
-
-
#DIV /01
58000
Miscellaneous Revenue
123,747
122,455
113,953
142,079
137,128
91,850
119,820
98,850
7,000
7.62%
59000
Other Financing Sources
196,930
196,930
196,930
196,930
196,930
196,930
196,930
196,930
-
0.00%
8,691,798
9,355,543
9,491,016
9,957,405
10,162,468
9,569,142
9,724,413
9,876,575
307,433
3.21%
9/18/2014
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US
TO: Mayor and Councilmembers
FROM: Jim Dickinson, City Administrator
0
SUBJECT: 2015 Special Revenue, Debt Service, Capital Projects, Enterprise & Internal Service
Funds Budget Distribution
DATE September 23, 2014
The Council has had a number of reviews of the 2015 Proposed General Fund Budget that will be
supported by the 2015 Tax Levy. The Council did adopt at the September 2nd regular Council
meeting a Preliminary 2015 General Fund Budget. The Preliminary 2015 Budget proposes a total
property tax levy of $11,143,925: $7,630,892 (68.48 %) operational levy, $2,136,065 (19.17 %) debt
service levy, and $1,376,968 (12.36 %) capital/watershed levy. The Council has the right to reduce
or keep constant this levy until the final certification date of December 29, 2014. The proposed
levy will result in a 2.77 % increase in the gross tax levy.
This agenda item will focus on all the other City fund budgets.
Other Funds:
The attachments to this staff report are draft budgets for all the other funds outside of the General Fund
within the City. The attachments are grouped by fund types' bolded below:
For the most Dart these budgets are self exDlanatorv, with the exception of the Communitv Center
Economic Development Authority (EDA) and Enterprise Funds. The Community Center Fund will be
presented at a future workshop by the Recreational Facilities Manager, the EDA Fund detail will be
presented to the EDA at a future meeting, and the Enterprise Funds are driven by a rate analysis that is
included with the Capital Improvement Plan (CIP ) Development rop cess.
I will provide a brief presentation of the attached budgets and answer any questions the Council may
have.
The Special Revenue Funds (pgs 1 — 20) are established to justify and account for revenue sources to
finance particular functions or projects. Revenues for these funds come from a variety of sources (taxes,
fees, gifts, grants or other contributions). Expenditures from these funds are normally restricted by
statute, local ordinance or grant agreement. Also the funds may be used for either operations or capital
outlay as legal restrictions mandate.
Administration will be discussing with the Council the followingfunds:
1. Economic Development Authority Fund
2. Community Center
3. Charitable Gambling Fund
The Debt Service Funds (pgs 21 — 46) account for the accumulation of resources for, and the payment
of general long -term principal and interest. Repayment of the debt through principal and interest
payments to bond holders is backed by the full faith and credit of the City of Andover.
Administration will briefly discussing with the Council how the overall debt service spreadsheet
impacts the individual Debt Service Funds and the proposed 2015 Debt Service Levy.
The Capital Project Funds (pgs 47 — 74) are used to account for the acquisition or construction of
major capital facilities or equipment financed by a variety of funding sources, including tax levy, debt,
special assessments, grants or other governmental fund resources.
Administration will not be discussing these funds in detail, these funds are the primary funds that
facilitate the annual Capital Improvement Plan (CIP).
The Enterprise Funds (pgs 75 — 82) are dependent on multiple factors such as community growth and
demand for and usage of the service. The Enterprise funds are generally in line and step with the rate
analysis done for these funds as part of the CIP development and review.
Administration will discuss how these funds are impacted by the rate analysis studies that
facilitate the annual Capital Improvement Plan (CIP)
Internal Service Funds (pgs 83 — 88) are used to account for services that are provided to other City
Departments, or to other governments, on a cost reimbursement basis.
Administration will briefly discuss with the Council the following funds:
1. Central Equipment Fund
2. Risk Management Fund
ACTION REQUESTED
The Council is requested to review the staff report, attachments, receive a presentation, and provide
direction to staff.
Attachments
itted,
CITY OF ANDOVER, MINNESOTA
2015 ANNUAL BUDGET
Special revenue funds are established to justify revenue sources to finance particular functions or projects.
Revenue for these funds can come from a variety of sources, such as taxes, fees, gifts and grants or contributions
from other governmental entities. Expenditures from these funds are normally restricted by statute, local ordinance,
or grant agreements. The funds may be used for either operations or capital outlay as legal restrictions mandate.
1
City of Andover
Special Revenue Funds
2015 Budget Summary - All Special Revenue Funds
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Revenues
General Property Taxes
Intergovernmental
Charges for Services
Investment Income
Miscellaneous
Total Revenues:
Other Sources
Proceeds from Sale of Property
Total Revenues and Other Sources
Total Available:
Expenditures
Personal Services
Supplies and Materials
Purchased Services
Other Services and Charges
Capital Outlay
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses
Fund Balance, December 31
$ 441,928
39,913
9,828
684,459
(9,241)
831,940
1,556,899
$ 407,587 $ 407,587 $ 347,287
40,000
37,500
601,500
7,200
812,100
1,498,300
1,556,899 1,498,300
1,998,827 1,905,887
40,000
12,500
668,557
7,400
850,823
1,579,280
1,579,280
1,986,867
40,000
37,500
617,800
7,500
820,900
1,523,700
1,523,700
1,870,987
540,877
446,540
496,290
508,070
75,807
°Desch"
70,800
72,370
168,224
210,380
213,280
235,195
411,199
466,547
491,397
14,185
-
-
14,000
Fund Balance, January 1
Revenues
General Property Taxes
Intergovernmental
Charges for Services
Investment Income
Miscellaneous
Total Revenues:
Other Sources
Proceeds from Sale of Property
Total Revenues and Other Sources
Total Available:
Expenditures
Personal Services
Supplies and Materials
Purchased Services
Other Services and Charges
Capital Outlay
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses
Fund Balance, December 31
$ 441,928
39,913
9,828
684,459
(9,241)
831,940
1,556,899
$ 407,587 $ 407,587 $ 347,287
40,000
37,500
601,500
7,200
812,100
1,498,300
1,556,899 1,498,300
1,998,827 1,905,887
40,000
12,500
668,557
7,400
850,823
1,579,280
1,579,280
1,986,867
40,000
37,500
617,800
7,500
820,900
1,523,700
1,523,700
1,870,987
540,877
446,540
496,290
508,070
75,807
71,270
70,800
72,370
168,224
210,380
213,280
235,195
411,199
466,547
482,112
491,397
14,185
-
-
14,000
1,210,292
1,194,737
1,262,482
1,321,032
380,948
377,098
377,098
377,098
1,591,240
1,571,835
1,639, 580
1,698,130
$ 407,587
$ 334,052
$ 347,287
$ 172,857
1!
City of Andover
Special Revenue Funds
Economic Development Authority Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
$ 513,254
$ 405,838
$ 405,838
$ 319,338
Revenues
Fund Balance, December 31
Charges for Services
37,306
30,000
36,620
15,600
Investment Income
(2,996)
5,000
5,000
5,000
Miscellaneous
6,620
-
5,508
-
Total Revenues:
40,930
35,000
47,128
20,600
Other Sources
Transfers In
_
Total Revenues and Other Sources:
40,930
35,000
47,128
20,600
Total Available:
554,184
440,838
452,966
339,938
Expenditures
Personal Services
106,158
51,828
51,828
53,387
Supplies and Materials
8,351
18,200
18,200
18,200
Purchased Services
7,989
63,750
48,750
78,750
Other Services and Charges
11,663
14,850
14,850
14,850
Capital Outlay
14,185
-
-
-
Total Expenditures:
148,346
148,628
133,628
165,187
Other Uses
Transfers Out
Total Expenditures and Other Uses:
148,346
148,628
133,628
165,187
Fund Balance, December 31
$ 405,838
$ 292,210
$ 319,338
$ 174,751
3
Fund: Economic Development Authority
Activity Type /Code: Special Revenue Department Head: City Administrator
Expenditure Hiphli2hts General Activity Description
2013, 2014 & 2015 includes funding for monument entrance signs. To provide for the quality development of commercial and industrial
properties to ensure a strong, viable and diversified tax base.
EDA Budget provides for ongoing maintenance around the Andover Station
Development area.
In 2015, charges for services revenue is reduced due to the decertification
of TIF District 1 -2, of which this fund would receive TIF administration fees.
Process Used
Promotion and expansion of the commercial and industrial tax base
through the development and redevelopment of land.
The EDA is the primary authority involved in managing the City's four
Tax Increment Financing (TIF) Districts. The EDA monitors and initiates
the activities within the TIF Districts to reach the goals of the TIF plans.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
4
City of Andover
Special Revenue Funds
Community Development Block Grant Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
D`e "s'cripUon .,
_ %s. 201`3`...,,.
2014
X2015
Fund Balance, January 1
Revenues
Intergovernmental
Investment Income
Miscellaneous
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Other Services and Charges
Other Uses
Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
5
- 25,000
- 25,000
- 25,000
- 25,000
- 25,000
- 25,000
- 25,000
- 25,000
- 25,000
- 25,000
- 25,000
- 25,000
5
Fund: Community Development Block Grant
Activity Type /Code: Special Revenue
Expenditure Highlights
This was a new fund created in 2004 to track the Community Development Block
Grant (CDBG) Rental Rehab program. In 2015, additional grant monies will be
applied for to study areas that have access to city water but are not currently
hooked up.
Department Head: Community Development Dir.
General Activity Description
The Rental Rehab program provides low- interest loans for the rehabilitation
of rental housing units. This fund accounts for the loans disbursed, as well
as the payments received. In 2008, a housing rehab program was started.
Due to the lack of interest, the rental rehab program was terminated in 2012.
Process Used
Rehab Grants are received from CDBG and disbursed to qualified applicants.
As payments come in, these funds create a revolving loan program and new
loans are given out to qualified applicants.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
0
City of Andover
Special Revenue Funds
Community Center Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
s
k Actualx"
Estimate
wAdo N
�Aaopted
P ted
Description
2013;:
k,
2015 x"
Fund Balance, January 1
Revenues
Charges for Services
Investment Income
Miscellaneous
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Personal Services
Supplies and Materials
Purchased Services
Other Services and Charges
Capital Outlay
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses:
$ (249,440) $ (210,573) $ (210,573) $ (184,088)
587,356
(5,510)
799,727
1,381,573
1,381,573
1,132,133
393,355
66,992
115,777
394,984
971,108
371,598
1,342,706
548,500
798,600
1,347,100
1,347,100
1,136,527
357,220
49,750
82,500
417,697
907,167
371,598
1,278,765
594,300
816,900
1,411,200
1,411,200
1,200,627
407,220
49,800
100,400
455,697
1,013,117
371,598
1,384,715
577,200
804,400
1,381,600
1,381,600
1,197,512
416,287
50,850
91,000
438,947
14,000
1,011,084
371,598
1,382,682
Fund Balance, December 31 $ (210,573) $ (142,238) $ (184,088) $ (185,170)
7
Fund: Community Center
Activity Type /Code: Special Revenue
Expenditure Highlights
2009 was the first year the YMCA made a full lease payment of $635,000.
The transfer out is the difference between the tax levied for the Community
Center debt service and the total annual debt service for the Community Center.
The capital outlay expenditure for 2015 is for a new floor scrubber that's used
continuously throughout the facility.
Department Head: Recreation Facility Manager
General Activity Description
This fund accounts for the operations of the Andover/YMCA Community
Center, particularly the ice arena, field house and concessions. The
aquatic's portion of the Community Center is under the operations of the
YMCA.
Process Used
The Community Center construction started in 2004 and was completed
in the summer of 2005. The facility will be managed by the Recreational
Facility Manager with oversight by a Community Center Advisory Board
and the City Council. The YMCA is a long -term tenant and started making
lease payments in 2008.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
11
City of Andover
Special Revenue Funds
Drainage and Mapping Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
r
+` Actual
Adopted ;
Estirriate
Adopted
34,635
8,000
18,421
8,000
(346)
1,200
1,200
1,200
34,289
9,200
19,621
9,200
Fund Balance, January 1
Revenues
Charges for Services
Investment Income
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Supplies and Materials
Purchased Services
Other Services and Charges
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 106,061
$ 132,453
$ 132,453
$ 137,669
34,635
8,000
18,421
8,000
(346)
1,200
1,200
1,200
34,289
9,200
19,621
9,200
34,289
9,200
19,621
9,200
140,350
141,653
152,074
146,869
464
2,300
2,300
2,300
3,528
6,105
6,105
6,105
3,905
3,400
6,000
7,000
7,897
11,805
14,405
15,405
7,897
11,805
14,405
15,405
$ 132,453
$ 129,848
$ 137,669
$ 131,464
PI
Fund: Drainage and Mapping
Activity Type /Code: Special Revenue
Expenditure HiLyhli2hts
Minimal changes are planned for this fund as monies are set aside for future
mapping needs.
Department Head: Dir of PW / City Engineer
General Activity Description
The drainage and mapping activity provides the resource to maintain
existing and develop new maps and mapping systems for the City. The
City GIS is a key component in this mapping and data inventory task.
Process Used
Existing mapping systems and data are maintained manually in a
reproducible format. The existing information is being converted to a
digital format as is all new data which is developed for the City. All data
will be accessible either manually or through a computerized application.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
10
City of Andover
Special Revenue Funds
Lower Rum River Watershed Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Revenues
General Property Taxes
Investment Income
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Personal Services
Supplies and Materials
Purchased Services
Other Services and Charges
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 3,735 $ 4,089 $ 4,089 $ 4,400
39,913
40,000
40,000
40,000
(131)
100
-
100
39,782
40,100
40,000
40,100
39,782
40,100
40,000
40,100
43,517
44,189
44,089
44,500
21,284
16,359
16,109
16,755
-
520
-
520
17,977
25,415
23,415
26,730
167
200
165
200
39,428
42,494
39,689
44,205
39,428
42,494
39,689
44,205
$ 4,089
$ 1,695
$ 4,400
$ 295
11
Fund: Lower Rum River Watershed Management Organization
Activity Type /Code: Special Revenue
Expenditure Highlights
2015 includes a increase in funding to the LRRWMO of $1,300 due to
the anticipation of the fourth generation plan.
Department Head: Assistant City Engineer
General Activity Description
The function of the Lower Rum River Watershed Management
Organization ( LRRWMO) is to provide for: conservation of water and natural
resources; prevention and alleviation of flood damage; and regulation of
creeks, lakes, water courses and storm water conveyance systems for
domestic, recreational and public use across municipal boundaries.
To achieve this purpose, state law gives watershed management
organizations several powers, among which are:
1. Responsibility for preserving natural retention areas.
2. Preparation of plans for water management.
3. Review of municipal water management plans and of projects
directly affecting the water resources of the watershed.
4. Review of local land use in the absence of an approved municipal
surface water management plan.
5. Collection of data.
6. Conducting of studies and investigations.
7. Construction of improvements, either in response to petition or on
the initiative of the LRRW MO.
8. Levying of taxes and assessments for the financing of the previously
mentioned activities and for general administration of the organization.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
12
City of Andover
Special Revenue Funds
Forestry Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
Ado ted'� s
Description s `
Fund Balance, January 1
Revenues
Intergovernmental
Investment Income
Miscellaneous
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources
Total Available:
Expenditures
Purchased Services
Other Uses
Transfers Out
Total Expenditures and Other Uses
Fund Balance, December 31
$ 1,130
$ 3,559
$ 3,559
$ 4,126
9,828
12,500
12,500
12,500
14
100
`' y
100
4,753
UT
.2014
s .2014
? 2015
19,100
21,567
19,100
Fund Balance, January 1
Revenues
Intergovernmental
Investment Income
Miscellaneous
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources
Total Available:
Expenditures
Purchased Services
Other Uses
Transfers Out
Total Expenditures and Other Uses
Fund Balance, December 31
$ 1,130
$ 3,559
$ 3,559
$ 4,126
9,828
12,500
12,500
12,500
14
100
100
100
4,753
6,500
8,967
6,500
14,595
19,100
21,567
19,100
14,595
15,725
12,166
12,166
$ 3,559
13
19,100 21,567
22,659 25,126
19,000
21,000
19,100
23,226
19,000
19,000 21,000 19,000
$ 3,659 $ 4,126 $ 4,226
Fund: Forestry
Activity Type /Code: Special Revenue
Expenditure Hi2hliEhts
In 2007, the purpose of this fund had changed to tracking forestry- related grants.
Programs such as MN Releaf and Oak wilt from the Minnesota Department of
Natural Resources (DNR) are accounted for in this fund.
Department Head: Dir of PW / City Engineer
General Activity Description
Forestry shall preserve Andover's forest resources and develop control
plans to ensure preservation or restoration of these resources.
Process Used
The City utilizes engineering staff and an annual internship program to review
development site plans to preserve trees through the development process.
Also provided is an inspection service to assist residents with preservation
and selection of appropriate trees for planting.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
14
City of Andover
Special Revenue Funds
Right of Way Management / Utility Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Revenues
Charges for Services
Investment Income
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources
Total Available:
Expenditures
Personal Services
Supplies and Materials
Purchased Services
Other Services and Charges
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses
Fund Balance, December 31
$ 57,047 $
25,162
(385) _
24,777
24,777
81,824
20,080
7,051
335
27,466
45,008 $ 45,008 $ 24,581
10,000
500
10,500
10,500
55,508
21,133
500
7,610
400
29,643
14,216
500
14,716
14,716
59,724
21,133
500
7,610
400
29,643
12,000
500
12,500
12,500
37,081
21,641
500
7,610
400
30,151
9,350
5,500
5,500
5,500
Description,
36,816
35,143
35,143
35,651
Fund Balance, January 1
Revenues
Charges for Services
Investment Income
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources
Total Available:
Expenditures
Personal Services
Supplies and Materials
Purchased Services
Other Services and Charges
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses
Fund Balance, December 31
$ 57,047 $
25,162
(385) _
24,777
24,777
81,824
20,080
7,051
335
27,466
45,008 $ 45,008 $ 24,581
10,000
500
10,500
10,500
55,508
21,133
500
7,610
400
29,643
14,216
500
14,716
14,716
59,724
21,133
500
7,610
400
29,643
12,000
500
12,500
12,500
37,081
21,641
500
7,610
400
30,151
9,350
5,500
5,500
5,500
36,816
35,143
35,143
35,651
$ 45,008
$ 20,365
$ 24,581
$ 1,430
15
Fund: Right of Way Management/Utility
Activity Type /Code: Special Revenue
Expenditure Highlights
The transfer to the Road & Bridge Capital Projects is for the degredation of
roadways associated with right -of -way permits. The increase in 2013 in
revenues is due to a county -wide connectivity project, connecting all county
and city buildings including fire stations, city halls, government centers, etc.
Department Head: Dir of PW / City Engineer
General Activity Description
The function of Right -of -Way Management is to provide for:
management of the public rights -of -way and to recover the rights -of -way
management costs; and to regulate the use of public rights -of -way
by providers of telecommunication services, public utility services
and the like, in a fair, efficient, competitively neutral and
substantial uniform manner.
Process Used
To achieve this purpose, state law gives the City several powers to
include requiring the following:
1. Require permits for work within the right -of -way.
2. Collect fees to recover costs associated with the permit including
damages to the right -of -way.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
16
City of Andover
Special Revenue Funds
Charitable Gambling Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Revenues
Investment Income
Miscellaneous
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources
Total Available:
Expenditures
Purchased Services
Other Uses
Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 8,825
26,085 $
26,085 $ 39,833
156
-
Adopted
a -' Estimate
Ado ted
7,000
19,448
10,000
20,996
7,000
19,748
10,300
,2014
Fund Balance, January 1
Revenues
Investment Income
Miscellaneous
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources
Total Available:
Expenditures
Purchased Services
Other Uses
Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 8,825
26,085 $
26,085 $ 39,833
156
-
300
300
20,840
7,000
19,448
10,000
20,996
7,000
19,748
10,300
20,996
7,000
19,748
10,300
29,821
33,085
45,833
50,133
3,736
6,000
6,000
6,000
3,736
6,000
6,000
6,000
$ 26,085
$ 27,085
$ 39,833
$ 44,133
17
Fund: Charitable Gambling
Activity Type /Code: Special Revenue
Expenditure Highlights
This is a new fund created in 2004 to track the donations received from the
the Andover Hockey Association and Andover Football Association from
from their gambling activities. 2015 includes funding towards the Alexandra
House and Youth First. Funding for these expenditures is dependent upon
donations.
Department Head: Finance Director
General Activity Description
The licensed organizations are required to donate 10% of their net profits to
the City.
Process Used
According to State Statute, all expenditures from this fund must be for police,
fire and other emergency or public safety - related services, equipment, and
and training, excluding pension obligations, or qualifying public service
organizations.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
:,
City of Andover
Special Revenue Funds
Construction Seal Coating Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
"t ; `� , �'
Actual
Atlopted ` `
Estimate
gdo d
Revenues
Fund Balance, December 31 $
1,128 $
1,428 $
Charges for Services
-
5,000
5,000
5,000
Investment Income
(43)
300
300
300
Total Revenues:
(43)
5,300
5,300
5,300
Fund Balance, January 1
$ 1,316 $
1,128 $
1,128 $
1,428
Revenues
Fund Balance, December 31 $
1,128 $
1,428 $
Charges for Services
-
5,000
5,000
5,000
Investment Income
(43)
300
300
300
Total Revenues:
(43)
5,300
5,300
5,300
Other Sources
Transfers In
Total Revenues and Other Sources:
(43)
5,300
5,300
5,300
Total Available:
1,273
6,428
6,428
6,728
Expenditures
Other Services and Charges
145
5,000
5,000
5,000
Other Uses
Transfers Out
Total Expenditures and Other Uses:
145
5,000
5,000
5,000
Fund Balance, December 31 $
1,128 $
1,428 $
1,428 $
1,728
19
Fund: Construction Seal Coating
Activity Type /Code: Special Revenue
Expenditure Highlights
The Construction Seal Coating Special Revenue Fund was established in 1996
and is utilized for the first application of crack seal and seal coat in new
development.
Department Head: Dir of PW / City Engineer
General Activity Description
The Construction Seal Coating Special Revenue Fund accounts for contributions
associated with land development to be used for the respective developments
first application of crack seal and seal coat.
Process Used
The City has an annual crack seal and seal coat program. Currently the City
is divided into nine zones and these developments are done within four years of
being constructed. Crack sealing is completed one year prior to seal coating.
This allows the crack sealing material to cure and minimize bleed through once
seal coated.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
20
CITY OF ANDOVER, MINNESOTA
2015 ANNUAL BUDGET
A debt service fund accounts for the accumulation of resources for, and the payment of general long -term principal
and interest. Repayment of the debt through principal and interest payments to bond holders is backed by the full
faith and credit of the government unit.
21
City of Andover
Debt Service Funds
2015 Budget - All Debt Service Funds
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Revenues
General Property Taxes
Intergovernmental
Investment Income
Total Revenues:
Other Sources
Operating Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Debt Service
Principal
Interest
Other
Total Expenditures:
Other Uses
Operating Transfers Out
Redemption of Refunded Bonds
Total Other Uses:
Total Expenditures and Other Uses
Fund Balance, December 31
$ 19,019,418 $ 17,767,831 $ 17,767,831 $ 1,190,895
1,962,018
237,890
697,403
2,897,311
756,598
3,653,909
22,673,327
1,689,000
1,262,302
5,509
2,956,811
48,685
1,900,000
1,948,685
4,905,496
2,071,066
11,417
59,685
2,142,168
753,021
2,895,189
20,663,020
2,140, 000
915,187
12,105
3,067,292
10,070
16,455,000
16,465,070
19,532,362
$ 17,767,831 $ 1,130,658
22
2,071,066
61,680
51,110
2,183,856
752,559
2,936,415
20,704,246
2,140,000
900,505
7,895
3,048,400
9,951
16,455,000
16,464,951
19,513,351
$ 1,190,895
2,136,065
2,136,065
371,598
2,507,663
3,698,558
1,765,000
470,688
2,500
2,238,188
47,632
47,632
2,285,820
$ 1,412,738
Ado tetl
r Estimate
p �r7
Pdopted�a
�.- Description,
2013`,2014.
_. �.. �
Fund Balance, January 1
Revenues
General Property Taxes
Intergovernmental
Investment Income
Total Revenues:
Other Sources
Operating Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Debt Service
Principal
Interest
Other
Total Expenditures:
Other Uses
Operating Transfers Out
Redemption of Refunded Bonds
Total Other Uses:
Total Expenditures and Other Uses
Fund Balance, December 31
$ 19,019,418 $ 17,767,831 $ 17,767,831 $ 1,190,895
1,962,018
237,890
697,403
2,897,311
756,598
3,653,909
22,673,327
1,689,000
1,262,302
5,509
2,956,811
48,685
1,900,000
1,948,685
4,905,496
2,071,066
11,417
59,685
2,142,168
753,021
2,895,189
20,663,020
2,140, 000
915,187
12,105
3,067,292
10,070
16,455,000
16,465,070
19,532,362
$ 17,767,831 $ 1,130,658
22
2,071,066
61,680
51,110
2,183,856
752,559
2,936,415
20,704,246
2,140,000
900,505
7,895
3,048,400
9,951
16,455,000
16,464,951
19,513,351
$ 1,190,895
2,136,065
2,136,065
371,598
2,507,663
3,698,558
1,765,000
470,688
2,500
2,238,188
47,632
47,632
2,285,820
$ 1,412,738
City of Andover
Debt Service Funds
Certificates /Capital Notes - 2011A G.O. Equipment Certificate
Statement of Revenues, Expenditures and Changes in Fund Balance
x '
Actu`al
Adopted
Estimate
Ado`ptetlf
(899)
Total Revenues:
,
Desc�i 'tion
2013''
2014
5
-
Fund Balance, January 1 $ 102,115 $ 105,901 $ 105,901 $
Revenues
General Property Taxes
101,727
Investment Income
(899)
Total Revenues:
100,828
-
-
Other Sources
Operating Transfers In
-
Total Revenues and Other Sources:
100,828
-
-
Total Available:
202,943
105,901
105,901 -
Expenditures
Debt Service
Principal
94,000
95,000
95,000 -
Interest
2,840
950
950 -
Other
202
500
- -
Total Expenditures:
97,042
96,450
95,950
Other Uses
Operating Transfers Out
-
10,070
9,951 -
Total Expenditures and Other Uses:
97,042
106,520
105,901 -
Fund Balance, December 31
$ 105,901
$ (619)
$
23
Fund: 3210
Cost Center: 2011A G.O. Equipment Certificates Department Head: Finance Director
Activity Type /Code: Debt Service
This fund will be closed in 2014.
General Activity Description
To account for the payment of principal and interest on long -term debt.
Process Used
The City issued $265,000 of Capital Notes in 2011 to facilitate the
purchase of new equipment.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
24
City of Andover
Debt Service Funds
Certificates /Capital Notes - 2012A G.O. Equipment Certificate
Statement of Revenues, Expenditures and Changes in Fund Balance
;„ _
Actual
Adopted r
Estimate
Adopted "•
Description
2013
2014
124,978
140,000
140,000
,
1,033
-
1,000
Fund Balance, January 1
Revenues
General Property Taxes
Investment Income
Total Revenues:
Other Sources
Operating Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Debt Service
Principal
Interest
Other
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses
Fund Balance, December 31
$ 127,239
$ 236,730
$ 236,730
$ 365,580
124,978
140,000
140,000
140,000
1,033
-
1,000
-
126,011
140,000
141,000
140,000
126,011
140,000
141,000
140,000
253,250
376,730
377,730
505,580
15,893
11,700
11,700
11,700
627
500
450
500
16,520
12,200
12,150
12,200
16,520
12,200
12,150
12,200
$ 236,730
$ 364,530
$ 365,580
$ 493,380
25
Fund: 3211
Cost Center: 2012A G.O. Equipment Certificates Department Head: Finance Director
Activity Type /Code: Debt Service
General Activity Description
Debt Service is scheduled as listed below: To account for the payment of principal and interest on long -term debt.
Year
Amount
Principal
Interest
2015
$ 11,700
$ -
$ 11,700
2016
61,200
50,000
11,200
2017
540,350
535,000
5,350
$ 613,250
$ 585,000
$ 28,250
Process Used
The City issued $585,000 of Capital Notes in 2012 to facilitate the
purchase of new equipment.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
26
City of Andover
Debt Service Funds
Certificates /Capital Notes - 2014 G.O. Equipment Certificate
Statement of Revenues, Expenditures and Changes in Fund Balance
;, M�` s�
r Actual
Adopted
Estimate
�Adopted�s
y
Descript�n i
�'
201,3.,
�'
`�
>,2015
- 14,679
- 257,426
X52014 -
+20x,4
Fund Balance, January 1 $ - $ - $ $
Revenues
General Property Taxes
Other Sources
Operating Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Debt Service
Principal
Interest
Other
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
260,000
260,000 260,000 296,055
- 260,000
260,000 296,055
- 260,000
260,000 556,055
- -
- 225,000
- 14,679
- 31,926
- -
- 500
- 14,679
- 257,426
14,679 - 257,426
$ - $ 245,321 $ 260,000 $ 298,629
27
Fund: 3212
Cost Center: 2014A G.O. Equipment Certificates Department Head: Finance Director
Activity Type /Code: Debt Service
General Activity Description
Debt Service is scheduled as listed below: To account for the payment of principal and interest on long -term debt.
Year
Amount
Principal
Interest
2015
$ 256,926
$ 225,000
$ 31,926
2016
283,350
260,000
23,350
2017
278,800
260,000
18,800
2018
278,550
265,000
13,550
2019
278,200
270,000
8,200
2020
277,750
275,000
2,750
$ 1,653,576
$ 1,555,000
$ 98,576
Process Used
The City issued $1,355,000 of Capital Notes in 2014 to facilitate the
purchase of equipment.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
28
.,
City of Andover
Debt Service Funds
General Obligation Bonds - 2004A G.O. Capital Improvement Bonds
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
-
�Actuat
A'{Jopted`u
Estimate
=Ado �ted
_�
T sti 3 V
[J Y Sa a.N' n,.rJ
r,.:
s .:
ES.L:p R}� f
Description,
2013,.,
s'2014 ;;
'20'14„
2015`;'„
374,944 - -
Total Available:
;'
Expenditures
Fund Balance, January 1
$ 36,875 $ - $ $ _
Revenues
General Property Taxes
378,253
Investment Income
(3,309)
Total Revenues:
374,944 -
Other Sources
Operating Transfers In
Total Revenues and Other Sources:
374,944 - -
Total Available:
411,819 -
Expenditures
Debt Service
Principal
330,000 -
Interest
33,134 -
Other
- _
Total Expenditures:
363,134 -
Other Uses
Operating Transfers Out
48,685 -
Total Other Uses:
48,685 -
Total Expenditures and Other Uses:
411,819 -
Fund Balance, December 31
$ - $ _ $ _ $ _
29
Fund: 3301
Cost Center: 2004A G.O. Capital Improvement Bonds Department Head: Finance Director
Activity Type /Code: Debt Service
zMazoMism
General Activity Description
This fund was closed in 2013. To account for the payment of principal and interest on long -term debt.
Process Used
The City sold $3,890,000 of General Obligation Bonds in 2004 to finance
the purchase of the Public Works Facility from the Andover Economic
Development Authority and the construction of Fire Station #3.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
30
City of Andover
Debt Service Funds
General Obligation Bonds - 2012B G.O. Capital Improvement Refunding Bonds
Statement of Revenues, Expenditures and Changes in Fund Balance
r
Actual
a..x' A
y Atlopted
1^'
4 ' '
Estimate
£ .�
-
,
-
140,311
,Adopted, w
�,
ri x
561,015
,�,= �. ,.;'
2[113
. :.-�
2014 `
..,,14
20
1,723,069
,,,Description ,,•-'
581,805
.. , :
.;; .2015�:�
Fund Balance, January 1
Revenues
General Property Taxes
Investment Income
Total Revenues:
Other Sources
Operating Transfers In
Total Revenues and Other Sources
Total Available:
Expenditures
Debt Service
Principal
Interest
Other
Total Expenditures:
Other Uses
Redemption of Refunded Bonds
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 1,582,758 $ 25,790 $ 25,790 $ 56,955
141,286
561,015
561,015
540,120
(975)
-
(5,000)
-
140,311
5611015
556,015
540,120
561,015
540,120
140,311
556,015
1,723,069
586,805
581,805
597,075
100,000
500,000
500,000
500,000
41,652
24,400
24,400
14,400
627
500
450
500
142,279
524,900
524,850
514,900
1,555,000 - -
1,697,279 524,900 524,850
$ 25,790 $ 61,905 $ 56,955
31
514,900
$ 82,175
Fund: 3303
Cost Center: 2012B G.O. Capital Improvement Refunding Bonds Department Head: Finance Director
Activity Type /Code: Debt Service
General Activity Description
Debt Service is scheduled as listed below: To account for the payment of principal and interest on long -term debt.
Year Amount
2015 $ 514,400
2016 474,700
$ 989.100
Principal
Interest
$ 500,000
$ 14,400
470,000
4,700
$ 970,000
$ 19,100
Process Used
The City sold $3,890,000 of General Obligation Bonds in 2004 to finance
the purchase of the Public Works Facility from the Andover Economic
Development Authority and the construction of Fire Station #3. This issue
will be used to refund the original issue sold in 2004.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
32
City of Andover
Debt Service Funds
Lease Revenue Bonds - 2004 EDA Public Facility Lease Revenue Bonds
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Revenues
General Property Taxes
Investment Income
Total Revenues:
Other Sources
Operating Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Debt Service
Principal
Interest
Other
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses
Fund Balance, December 31
$ 680,863 $ 513,645 $ 513,645 $ -
452,004
(5,084)
446,920
181,803 181,803
- (401)
18103 181,402
371,598
4ctul
Adopted
Estimate
Adopted
393,758 -
1,499,381
902,009
907,403 -
105,000
escription ...,<`
2013 , .
2014 ....-; <',
``.. .2014
c;.rr
Fund Balance, January 1
Revenues
General Property Taxes
Investment Income
Total Revenues:
Other Sources
Operating Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Debt Service
Principal
Interest
Other
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses
Fund Balance, December 31
$ 680,863 $ 513,645 $ 513,645 $ -
452,004
(5,084)
446,920
181,803 181,803
- (401)
18103 181,402
371,598
206,561
212,356 -
818,518
388,364
393,758 -
1,499,381
902,009
907,403 -
105,000
470,000
470,000 -
878,534
434,373
434,373 -
2,202
2,500
3,030 -
985,736
906,873
907,403 -
985,736 906,873 907,403
$ 513,645 $ (4,864) $ - $
33
Fund: 3402
Cost Center: 2004 EDA Public Facility Lease Revenue Bonds Department Head: Finance Director
Activity Type /Code: Debt Service
This fund will be closed in 2014.
These bonds were refunded in 2014 by refunding bonds issued on 12/01/06 and
01/01/2007 for $9,755,000 and $6,700,000, respectively.
General Activity Description
To account for the payment of principal and interest on long -term debt.
Process Used
The City sold $19,580,000 of Lease Revenue Bonds in 2004 to finance
the construction of a community center. Approximately 50% of the debt
will be paid for by a long -term lease arrangement with the YMCA of
Minneapolis. The YMCA will run a full service YMCA out of the Community
Center building.
ADOPTED 2015 BUDGET
CITY OF AND034R, MINNESOTA
City of Andover
Debt Service Funds
Lease Revenue Bonds - 2006 EDA Public Facility Lease Revenue Refunding Bonds
Statement of Revenues, Expenditures and Changes in Fund Balance
� >_ '�r'
y ° °` Actualrr� '
Adopted
$ 9,706,648 $ -
Estimate
"' 4dop
"ted '
Investment Income
422,965
35,353
35,266 -
Other Sources
Operating Transfers In
-
17,535
14,826 -
Total Revenues and Other Sources:
_, Y;;, Description , _
» �20,13V
,2014
Total Available:
h, 2014
20151„
, ,r;
Fund Balance, January 1
$ 9,283,885
$ 9,706,648
$ 9,706,648 $ -
Revenues
Investment Income
422,965
35,353
35,266 -
Other Sources
Operating Transfers In
-
17,535
14,826 -
Total Revenues and Other Sources:
422,965
52,888
50,092 -
Total Available:
9,706,850
9,759,536
9,756,740 -
Expenditures
Debt Service
Principal
-
-
- -
Interest
-
-
- -
Other
202
2,000
1,740 -
Total Expenditures:
202
2,000
1,740 -
Other Uses
Redemption of Refunded Bonds
-
9,755,000
9,755,000 -
Total Expenditures and Other Uses: 202 9,757,000 9,756,740
Fund Balance, December 31 $ 9,706,648 $ 2,536 $ - $
35
Fund: 3403
Cost Center: 2006A EDA Public Facility Lease Revenue Refunding Bonds Department Head: Finance Director
Activity Type /Code: Debt Service
This fund will be closed in 2014. General Activity Description
To account for the payment of principal and interest on long -term debt.
Process Used
The City sold $19,580,000 of Lease Revenue Bonds in 2004 to finance
the construction of a community center. Approximately 50% of the debt
will be paid for by a long -term lease arrangement with the YMCA of
Minneapolis. The YMCA will run a full service YMCA out of the Community
Center building. This issue will be used to refund a portion of the original
issue sold in 2004.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
36
City of Andover
Debt Service Funds
Lease Revenue Bonds - 2007 EDA Public Facility Lease Revenue Refunding Bonds
Statement of Revenues, Expenditures and Changes in Fund Balance
rr '
Actual
Adopted
Esfirpate
°Adopted<
_
>
Description
20,1'3s',
2014
2014
2015 X,?
Fund Balance, January 1
Revenues
Investment Income
Other Sources
Operating Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Debt Service
Principal
Interest
Other
Total Expenditures:
Other Uses
Redemption of Refunded Bonds
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 6,372,289 $ 6,662,794 $ 6,662,794
290,707 24,332 24,245
17,397
290,707 41,729
6,662,996 6,704,523
202
202
14,311
38,556
6,701,350
2,000 1,350
2,000 1,350
- 6,700,000 6,700,000
202 6,702,000 6,701,350
$ 6,662,794 $ 2,523 $ -
37
Fund: 3404
Cost Center: 2007 EDA Public Facility Lease Revenue Refunding Bonds Department Head: Finance Director
Activity Type /Code: Debt Service
This fund will be closed in 2014. _General Activity Description
To account for the payment of principal and interest on long -term debt.
Process Used
The City sold $19,580,000 of Lease Revenue Bonds in 2004 to finance
the construction of a community center. Approximately 50% of the debt
will be paid for by a long -term lease arrangement with the YMCA of
Minneapolis. The YMCA will run a full service YMCA out of the Community
Center building. This issue will be used to refund a portion of the original
issue sold in 2004.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
38
City of Andover
Debt Service Funds
General Obligation Bonds - 2012C G.O. Abatement Bonds
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
$ 358,131 $ 35,088 $ 35,088 $ 196,051
Revenues
General Property Taxes
577,945
740,965
740,965
975,652
Desc'ption,., .
L.
>:y_
-
(4,000)
-
Total Revenues:
.,2013'
740,965
736,965
Fund Balance, January 1
$ 358,131 $ 35,088 $ 35,088 $ 196,051
Revenues
General Property Taxes
577,945
740,965
740,965
975,652
Investment Income
(5,267)
-
(4,000)
-
Total Revenues:
572,678
740,965
736,965
975,652
Other Sources
Operating Transfers In
-
130,105
130,105
371,598
Total Revenues and Other Sources:
572,678
871,070
867,070
1,347,250
Total Available:
930,809
906,158
902,158
1,543,301
Expenditures
Debt Service
Principal
320,000
320,000
320,000
835,000
Interest
230,519
385,682
385,682
379,907
Other
202
2,500
425
500
Total Expenditures:
550,721
708,182
706,107
1,215,407
Other Uses
Redemption of Refunded Bonds
345,000
-
-
-
Total Expenditures and Other Uses:
895,721
708,182
706,107
1,215,407
Fund Balance, December 31
$ 35,088
$ 197,976
$ 196,051
$ 327,894
39
Fund: 3405
Cost Center: 2012C G.O. Abatement Bonds Department Head: Finance Director
Activity Type /Code: Debt Service
General Activity Description
Debt Service is scheduled as listed below:
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
40
To account for the payment of principal and interest on long -term debt.
Year
Amount
Principal
Interest
2015
$ 1,214,907
$ 835,000
$ 379,907
2016
1,216,507
845,000
371,507
Process Used
2017
1,213,732
855,000
358,732
2018
1,211,482
870,000
341,482
The City sold $19,580,000 of Lease Revenue Bonds in 2004 to finance
2019
1,208,932
885,000
323,932
the construction of a community center. Approximately 50% of the debt
2020
1,215,982
910,000
305,982
will be paid for by a long -term lease arrangement with the YMCA of
2021
1,212,632
925,000
287,632
Minneapolis. The YMCA will run a full service YMCA out of the Community
2022
1,213,932
945,000
268,932
Center building. This issue will be used to advance refund the refunding
2023
1,209,282
960,000
249,282
issues sold in 2006 and 2007 that refunded the 2004 issue.
2024
1,213,000
985,000
228,000
2025
1,209,356
1,005,000
204,356
2026
1,208,275
1,030,000
178,275
2027
1,205,250
1,055,000
150,250
2028
1,205,147
1,085,000
120,147
2029
1,212,675
1,125,000
87,675
2030
1,213,400
1,160,000
53,400
2031
1,218,000
1,200,000
18,000
$20,602,491
$16,675,000
$ 3,927,491
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
40
City of Andover
Debt Service Funds
Permanent Improvement Revolving Bonds - 2010A G.O. PIR Refunding Bonds
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Revenues
Investment Income
Other Sources
Operating Transfers In
Total Revenues and Other Sources
Total Available:
Expenditures
Debt Service
Principal
Interest
Other
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
9,877 $ 7,889 $ 7,889 $ -
(123)
385,000
tActual
Sdopted
Estimate
Ado ted -.
P
.,
"script
394,754
389,312
388,850
;. De ion, ..
2013 ; -,
2014
"2014,
2015
Fund Balance, January 1
Revenues
Investment Income
Other Sources
Operating Transfers In
Total Revenues and Other Sources
Total Available:
Expenditures
Debt Service
Principal
Interest
Other
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
9,877 $ 7,889 $ 7,889 $ -
(123)
385,000
381,423
380,961
384,877
381,423
380,961
394,754
389,312
388,850
375,000
11,450
415
386,865
385,000
3,850
500
389,350
385,000
3,850
388,850
386,865 389,350 388,850
$ 7,889 $ (38) $ -
41
Fund: 3605
Cost Center: 2010A G.O. PIR Refunding Bonds Department Head: Finance Director
Activity Type /Code: Debt Service
General Activity Description
This fund will be closed in 2014. To account for the payment of principal and interest on long -term debt.
Process Used
The City sold $2,450,000 of Permanent Improvement Revolving Bonds in
in 2006 to finance improvement projects in the City. This issue will be
used to refund a portion of the original issue sold in 2006.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
42
City of Andover
Debt Service Funds
State Aid Bonds - 2009A G.O. State Aid Road Refunding Bonds
Statement of Revenues, Expenditures and Changes in Fund Balance
i r
up
l
Adopted
Estimate
�dted�'
"S,
'
237,890
,.
61,680
-
Des'cri" tion,,, °; =.'
` 2013,
-
201'4
2014^
. ,
-
Fund Balance, January 1
Revenues
Intergovernmental
Investment Income
Total Revenues:
Other Sources
Operating Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Debt Service
Principal
Interest
Other
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 285,418
$ 281,577
$ 281,577
$ 108,472
237,890
11,417
61,680
-
(551)
-
-
_
237,339
11,417
61,680
-
237,339
11,417
61,680
-
522,757
292,994
343,257
108,472
230,000
230,000
230,000
60,000
10,765
4,785
4,785
840
415
605
-
-
241,180
235,390
234,785
60,840
-
-
-
47,632
241,180
235,390
234,785
108,472
$ 281,577
$ 57,604
$ 108,472
$ -
43
Fund: 3702
Cost Center: 2009A G.O. State Aid Refunding Bonds Department Head: Finance Director
Activity Type /Code: Debt Service
General Activity Description
Debt Service is scheduled as listed below: To account for the payment of principal and interest on long -term debt.
Year Amount Principal Interest
2015 $ 60,840 $ 60,000 $ 840
Process Used
The City sold $2,755,000 of G.O. State Aid Bonds in 2001 to finance
state aid eligible road improvement projects in the City. This issue
will be used to refund a portion of the original issue sold in 2001.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
44
City of Andover
Debt Service Funds
General Obligation Bonds - 2010A G.O. Open Space Referendum Bonds
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Revenues
General Property Taxes
Investment Income
Total Revenues:
Other Sources
Operating Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Debt Service
Principal
Interest
Other
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 179,968 $
191,769
Adopted
Estimate`Adoted'
185,825
187,283
187,283
184,238
(1,094)
-
_
-
184,731
187, 283
187, 283
184,238
Fund Balance, January 1
Revenues
General Property Taxes
Investment Income
Total Revenues:
Other Sources
Operating Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Debt Service
Principal
Interest
Other
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 179,968 $
191,769
$ 191,769
$ 203,837
185,825
187,283
187,283
184,238
(1,094)
-
_
-
184,731
187, 283
187, 283
184,238
187,283
184,731
187,283
184,238
364,699
379,052
379,052
388,075
135,000
140,000
140,000
145,000
37,515
34,768
34,765
31,915
415
500
450
500
172,930
175,268
175,215
177,415
175,268
172,930
175,215
177,415
$ 191,769 $
203,784
$ 203,837
$ 210,660
45
Fund: 3901
Cost Center: 2010A G.O. Open Space Referendum Bonds Department Head: Finance Director
Activity Type /Code: Debt Service
Debt Service is scheduled as listed below: General Activity Description
Year
Amount
Principal
2015
$ 176,915
$ 145,000
2016
173,942
145,000
2017
175,657
150,000
2018
176,841
155,000
2019
177,507
160,000
2020
172,827
160,000
2021
172,870
165,000
2022
172,656
170,000
$ 1,399,215
$ 1,250,000
Interest
$ 31,915
28,942
25,657
21,841
17,507
12,827
7,870
2,656
$ 149,215
To account for the payment of principal and interest on long -term debt.
Process Used
The City sold $1,660,000 of Open Space Referendum Bonds in 2010 to
finance the purchase of land to remain as open space.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
46
CITY OF ANDOVER, MINNESOTA
2015 ANNUAL BUDGET
Capital Projects Funds can be used to account for acquisition or construction of major capital facilities financed
mainly with governmental fund resources, general obligation debt, special assessments, special assessment debt,
grants, or other resources that are not part of proprietary funds or trust funds.
47
City of Andover
Capital Projects Funds
2015 Budget Summary - All Capital Projects Funds
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Revenues
General Property Taxes
Tax Increments
Special Assessments
Intergovernmental
Investment Income
User Charges
Miscellaneous
Total Revenues:
Other Sources
Transfers In
Bond Proceeds
Bond Premium
Proceeds from Sale of Capital Assets
Total Other Sources:
Total Revenues and Other Sources:
Total Available:
Expenditures
Purchased Services
Other Services and Charges
Capital Outlay
Total Expenditures:
Other Uses
Operating Transfers Out
Bond Discount
Total Other Uses:
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 18,634,955
1,304,760
375,040
1,045,000
157,258
(97,811)
660,931
1,376,841
4,822,019
993,035
76,184
1,069,219
5,891,238
24,526,193
$ 16,893,815
1,296,968
182,857
270,000
926,244
120,000
144,204
2,000
2,942,273
415,570
1,355,000
1,770,570
4,712,843
21,606,658
$ 16,893,815
1,296,968
182,857
444,200
1,599,695
166,500
599,697
49,430
4,339,347
415,451
1,555,000
44,278
1,025,133
3,039,862
7,379,209
24,273,024
$ 17,202,019
1,336,968
20,000
412,000
1,259, 573
127,500
255,365
3,411,406
453,132
453,132
3,864,538
21,066,557
386,925
187,000
161,050
156,000
2,827,750
3,170,000
3,183,670
2,812,000
3,628,461
2,511,550
3,318,663
1,367,496
6,843,136
5,868;550
6,663,383
4,335,496
789,242
789,242
7,632,378
402,160
402,160
6,270,710
$ 16,893,815 $ 15,335,948
48
401,698
5,924
407,622
7,071,005
$ 17,202,019
58,249
58,249
4,393,745
$ 16,672,812
City of Andover
Capital Projects Funds
Water Trunk Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
�
%Actual
%Adopted, ' r `°
»' Esfim'ate'
Ado ted' f
�.,.Description.a�.f
01,3
Fund Balance, January 1
Revenues
Special Assessments
Investment Income
User Charges
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Other Services and Charges
Capital Outlay
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 2,876,885 $ 2,245,932 $ 2,245,932 $ 2,585,611
34,216
(19,830)
332,853
347,239
347,239
3,224,124
7,338
966,612
973,950
4,242
978,192
60,000
50,000
62,649
172,649
172,649
2,418,581
25,000
25,000
20,737
45,737
$ 2,245,932 $ 2,372,844
Cam']
60,000
50,000
376,640
486,640
486,640
2,732,572
126,224
126,224
20,737
146,961
60,000
50,000
65,150
175,150
175,150
2,760,761
30,000
30,000
58,249
88,249
$ 2,585,611 $ 2,672,512
Fund: 4110
Cost Center: Water Trunk
Activity Type /Code: Capital Projects Department Head: City Engineer
Expenditure Highlights General Activity Description
Projects planned for 2015 include: The Water Trunk Capital Projects Fund accounts for water access fees
New Development Projects $ 30,000 and trunk improvements as part of development.
A portion of the connection fee is used to support the Water Treatment
Plant and is transferred to the Water Enterprise Fund.
Projects for 2014 included:
Water Trunk Extension - Bunker Lake Blvd $ 126,224
Process Used
The water system is continually reviewed by the Engineering and Water
Departments through studies of service, water quality, and future system
expansion or improvements.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
50
City of Andover
Capital Projects Funds
Sewer Trunk Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Revenues
Special Assessments
Investment Income
User Charges
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Other Services and Charges
Capital Outlay
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 4,621,489
23,110
(19,019)
103,775
107,866
400,000
507,866
5,129,355
50,902
160,288
211,190
211,190
$ 4,918,165
20,000
50,000
12,415
82,415
400,000
482,415
5,400,580
90,000
90,000
$ 4,918,165 $ 5,451,029
20,000
50,000
152,864
222,864
400,000
622,864
5,541, 029
90,000
90,000
20,000
50,000
12,415
82,415
400,000
482,415
5,933,444
110,000
110,000
90,000 90,000 110,000
$ 4,918,165 $ 5,310,580 $ 5,451.,029 $ 5,823,444
51
tl
Aopted' �
>cEsfimate ;
,
,Adopted �.
Fund Balance, January 1
Revenues
Special Assessments
Investment Income
User Charges
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Other Services and Charges
Capital Outlay
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 4,621,489
23,110
(19,019)
103,775
107,866
400,000
507,866
5,129,355
50,902
160,288
211,190
211,190
$ 4,918,165
20,000
50,000
12,415
82,415
400,000
482,415
5,400,580
90,000
90,000
$ 4,918,165 $ 5,451,029
20,000
50,000
152,864
222,864
400,000
622,864
5,541, 029
90,000
90,000
20,000
50,000
12,415
82,415
400,000
482,415
5,933,444
110,000
110,000
90,000 90,000 110,000
$ 4,918,165 $ 5,310,580 $ 5,451.,029 $ 5,823,444
51
Fund: 4120
Cost Center: Sewer Trunk
Activity Type /Code: Capital Projects
Expenditure Hi2hlis1its
Projects planned for 2015 include:
New Development Projects
Projects for 2014 included:
Sanitary Sewer Extension - Bunker Lake Blvd
$ 110,000
$ 90,000
Department Head: City Engineer
General Activity Desciption
The Sewer Trunk Capital Projects Fund accounts for access fees and
sanitary sewer improvements. City sewage flows through a pipe and lift
station system to a large sewer interceptor, which is then carried to a
metro treatment plant.
Process Used
The Sewer and Engineering Departments continually review the system
to determine the proper sizing of pipes and lift stations to process sewage.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
52
City of Andover
Capital Projects Funds
Storm Sewer Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Revenues
Investment Income
User Charges
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Other Services and Charges
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ (63,823) $ (64,940) $ (64,940) $ (64,067)
(1,117)
(1,117)
(1,200)
2,073
873
(1,117) 873
(64,940) (64,940) (64,067) (64,067)
$ (64,940) $ (64,940) $ (64,067) $ (64,067)
53
Description
w 2013
t i�
"� '�`'"
,,.
2014.
Fund Balance, January 1
Revenues
Investment Income
User Charges
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Other Services and Charges
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ (63,823) $ (64,940) $ (64,940) $ (64,067)
(1,117)
(1,117)
(1,200)
2,073
873
(1,117) 873
(64,940) (64,940) (64,067) (64,067)
$ (64,940) $ (64,940) $ (64,067) $ (64,067)
53
Fund: 4130
Cost Center: Storm Sewer
Activity Type /Code: Capital Projects
Expenditure Hi2hliahts
No expenditures planned for 2015.
Department Head: City Engineer
General Activity Description
The Storm Sewer Capital Projects Fund accounts for storm sewer fees
and improvements as part of development and ongoing maintenance.
Process Used
The storm sewer system is continually reviewed by Public Works and
Engineering through studies of storm water runoff and drainage patterns.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
54
City of Andover
Capital Projects Funds
Road and Bridge Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
i l f
i } Y ry � C ltt �, t' �l � t t,i i !
� 1�H 3 � j F �
Y \ , 1. M1 f Y �
1 k S? £ 5
� }2Y .•
-' � n ?.D'esoription rYh �.
"`�'"fi'�e�if�20,1�3
w' � �, � °s,f
"� � 3 '`3'
^� �.r��,�^ ;�•r.� F��„,
�.t� ,',,.�'t
-
2,091,712
„M r >,�
2,567,041
Fund Balance, January 1
Revenues
General Property Taxes
Special Assessments
Intergovernmental
Investment Income
Miscellaneous
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Other Services and Charges
Capital Outlay
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 4,675,526 $ 3,114,711 $ 3,114,711 $ 2,967,374
1,032,176
385,121
156,086
(44,690)
3,600
1,532,293
9,350
1,541,643
6,217,169
2,470,978
631,480
3,102,458
3,102,458
1,025,468
1,025,468
1,025,468
140,000
300,000
282,000
926,244
1,599,695
1,259,573
-
32,000
-
2,091,712
2,957,163
2,567,041
5,500
2,097,212
5,211,923
3,110, 000
3,110,000
5,500
2,962,663
6,077,374
3,110, 000
3,110,000
53,132
2,620,173
5,587,547
2,772,000
2,772, 000
3,110,000 3,110,000 2,772,000
$ 3,114,711 $ 2,101,923 $ 2,967,374 $ 2,815,547
55
Fund: 4140
Cost Center: Road and Bridge
Activity Type /Code: Capital Projects
Expenditure Hi2hli2hts
Some of the major 2015 projects are as follows
Annual street seal coat
$ 480,000
Annual street crack seal
285,000
Annual street mill and overlay
600,000
MSA - New / reconstruct routes
1,259,000
Pedestrian trail maintenance
70,000
Annual pavement markings
33,000
Curb Replacement
45,000
Curb Replacement
$ 2,772,000
Some of the major 2014 projects are as follows:
Annual street seal coat
$ 513,000
Annual street crack seal
213,000
Annual street mill and overlay
660,000
MSA - New / reconstruct routes
1,126,000
MSA - Intersection upgrades
455,000
Pedestrian trail maintenance
72,000
Annual pavement markings
27,000
Curb Replacement
44,000
$ 3,110,000
Department Head: City Engineer
General Activity Description
The Road and Bridge Fund accounts for road projects and the Pavement
Management Program.
Process Used
Construction projects are identified by the capital improvement process
and contained in the five -year Capital Improvement Plan (CIP). The
council approves the CIP annually, thereby initiating a process of feasibility
study, preparation of plans and specifications, public hearings, ordering of
the project, bidding the project and construction.
This fund also accounts for the pavement management program, which
includes annual seal coating, crack sealing and overlays for roads.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
56
City of Andover
Capital Projects Funds
Park Dedication Projects
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Revenues
General Property Taxes
Investment Income
User Charges
Miscellaneous
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Other Services and Charges
Capital Outlay
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 198,388 $ 343,151 $ 343,151
61,635
505
205,080
700
267,920
267,920
466,308
61,500
54,640
116,140
116,140
459,291
23,157 15,000
-
330,000
23,157 345,000
61,500
3,000
53,200
117,700
1 17,700
460,851
15,000
363,729
378,729
$ 82,122
61,500
140,500
202,000
202,000
284,122
15,000
195,000
210,000
100,000 _ _
123,157 345,000 378,729 210,000
$ 343,151 $ 114,291 $ 82,122 $ 74,122
57
Fund: 4150
Cost Center: Park Dedication Projects
Activity Type /Code: Capital Projects
Expenditure Highlights
2015 Projects include:
Annual Miscellaneous Projects
Irrigation Project - Small
Pine Hills North - Phase II
Kelsey Round Lake Park Master Plan
Fencing Upgrades - Ballfield Safety Initiatives
Crooked Lake School Hockey Rink
Langseth Park Trail Improvement
2014 Projects included:
Annual Miscellaneous Projects
Rose Park - Reconstruction
Prairie Knoll Park - Pave Parking Lots
WayFinding Signs /Exercise Stations
Irrigation Project - Small
$ 15,000
20,000
70,000
50,000
25,000
10,000
20,000
$ 210,000
$ 15,000
200,000
100,000
10,000
20,000
$ 345.000
Department Head: City Engineer
General Activity Desciption
The Park Dedication Fund accounts for contributions associated with
land development to be used for constructing and upgrading the City's
park system.
Process Used
The Park and Recreation Commission evaluates the needs of the
community with regard to park and recreation facilities.
Recommendations are made to the City Council and projects are then
placed into the annual City Capital Improvement Plan.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover
Capital Projects Funds
Building Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
5 f ski)>1 (f $ ryprT
rrtAcfual
At
',
Ado ted }
p
y S 1
„ i lx EEstimate °4Agclo
(y
YL `ted
a
s(t � , y'
� i
.Descgiption$�
Kh >z` 2014 a
2014'
a g
fx20,1:5�
, ,�,
�.
.
Fund Balance, January 1
Revenues
Investment Income
Miscellaneous
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Other Services and Charges
Capital Outlay
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 1,558,764 $ 1,092,916 $ 1,092,916 $ 848,867
(10,063)
47
(10,016)
48,685
38,669
1,597,433
10,000
10,000
10,070
20,070
1,112,986
111
9,951
15,951
1,108, 867
- - 10,000
504,517 250,000 250,000
504,517 250,000 260,000
504,517 250,000 260,000
$ 1,092,916 $ 862,986 $ 848,867
59
6,000
6,000
6,000
854,867
200,000
200,000
200,000
$ 654,867
Fund: 4160
Cost Center: Building Fund Department Head: Finance Director
Activity Type /Code: Capital Projects
Expenditure Hiehlights General Activity Description
In 2013, the City has signed a contract for deed to take down some land The Building Fund accounts for miscellaneous building improvement
adjacent to the city hall / public works campus. As part of that agreement, projects for all facilities, including land acquisitions.
annual payments will be made starting in 2013 with final payment in 2018.
2015
$ 196,719
2016
196,719
2017
196,719
2018
196,719
$ 786,876
Process Used
Facilities are reviewed annually for non - recurring repairs or for future
facility needs.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
60
City of Andover
Capital Projects Funds
Trail & Transportation
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Revenues
Investment Income
User Charges
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Purchased Services
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 87,664 $ 106,678 $ 106,678 $ 87,598
(209) - 1,000 -
19,223 14,500 14,920 37,300
19,014 14,500 15,920 37,300
19,014 14,500 15,920 37,300
106,678 121,178 122,598 124,898
- 35,000 35,000 -
35,000 35,000 -
$ 106,678 $ 86,178 $ 87,598 $ 124,898
61
Actual`
"rlEstimate , ,
{ 3
, ,
�k<<,
fi , �� Adopted
$, �
.
,,�;�2
Descri ption
015'
W
,�?.,
Fund Balance, January 1
Revenues
Investment Income
User Charges
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Purchased Services
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 87,664 $ 106,678 $ 106,678 $ 87,598
(209) - 1,000 -
19,223 14,500 14,920 37,300
19,014 14,500 15,920 37,300
19,014 14,500 15,920 37,300
106,678 121,178 122,598 124,898
- 35,000 35,000 -
35,000 35,000 -
$ 106,678 $ 86,178 $ 87,598 $ 124,898
61
Fund: 4170
Cost Center: Trail & Transportation
Activity Type /Code: Capital Projects Department Head: Dir of PW / City Engineer
Expenditure Highlights General Activity Description
No projects planned for 2015. The Trail and Transportation Capital Projects Fund accounts for contributions
associated with land development to be used for constructing and upgrading
the City's Trail System.
2014 Projects included:
WayFinding Signs /Exercise Stations
5' Concrete Sidewalk along Quinn St - Bunker
Lk Blvd to 137th Lane
$ 20,000
15,000
$ 35,000
Process Used
The Park and Recreation Commission evaluates the needs of the community
with regard to trail facilities. Recommendations are made to the City Council
and projects are then placed into the annual City Capital Improvement Plan.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
62
City of Andover
Capital Projects Funds
Capital Equipment Reserve
Statement of Revenues, Expenditures and Changes in Fund Balance
r
„• s $ Actual
Adopted
�' R
Esti mate ,r
Ado ted ^
,
Fund Balance, January 1
Revenues
General Property Taxes
Investment Income
Miscellaneous
Total Revenues:
Other Sources
Transfers In
Proceeds from Sale of Capital Assets
Total Other Sources:
Total Revenues and Other Sources:
Total Available:
Expenditures
Purchased Services
Capital Outlay
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
1,335,989
210,949
(1,464)
92,350
301,835
535,000
23,650
558,650
860,485
2,196,474
385,389
1,123,811
1,509,200
1,509,200
$ 687,274 $ 687,274 $ 800,837
210,000
10,000
2,000
222,000
222,000
909,274
97,000
78,000
175,000
210,000
4,000
49,430
263,430
25,133
25,133
288,563
975,837
97,000
78,000
175,000
175,000 175,000
250,000
2,000
252,000
252,000
1,052,837
156,000
100,000
256,000
256,000
$ 687,274 $ 734,274 $ 800,837 $ 796,837
63
Fund: 4180
Cost Center: Capital Equipment Reserve
Activity Type /Code: Capital Projects
$ 97,000
Department Head: Finance Director
Expenditure Hi2hlillhts
Repair /Replace Major Park Projects - Parks
General Activity Description
Projects outlined in the 2015 - 2019 CIP for year 2015 using the Capital
Resources for this fund come from residual fund transfers, interest earnings,
Equipment Reserve Capital Projects Fund include:
$ 175,000
and, in 2015, a $250,000 property tax (capital) levy.
Using 2015 Capital Projects Reserve / levy:
Process Used
Annual Parking Lot Maintenance $
28,000
During the 2015 budget process, it was determined that various capital
Repair /Replace Play Structures - Parks
50,000
expenditures were necessary. The Andover Management Team and Andover
Repair /Replace Major Park Projects - Parks
25,000
Vehicle Purchasing Committee reviewed departmental needs and prioritized
Replacement - Carpet / Tile
10,000
capital needs.
Building A - Seal Floor
20,000
Public Works /Community Center Master Planning
25,000
Replacement - Turnout Gear
18,000
Microsoft DataCenter & CAL's License
15,000
Microsoft Office Upgrade
15,000
Crooked Lake School Hockey Rink
50,000
$
256,000
Using 2014 Capital Projects Reserve / levy
Annual Parking Lot Maintenance
$ 97,000
Repair /Replace Play Structures - Parks
48,000
Repair /Replace Major Park Projects - Parks
25,000
Tractor Blade
5,000
$ 175,000
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover
Capital Projects Funds
2012A G.O. Equipment Certificates
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Revenues
Investment Income
Other Sources
Proceeds from Sale of Capital Assets
Total Revenues and Other Sources:
Total Available:
Expenditures
Purchased Services
Capital Outlay
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 293,111 $
Actual
Atlo tetls
p�
" Estimate n
Ado ted�1
3,500
5 ,
(770)
- _
292,341
50,552 50,552 -
36
- - _
241,753
- 50,552 -
241,789
- 50,552 -
Fund Balance, January 1
Revenues
Investment Income
Other Sources
Proceeds from Sale of Capital Assets
Total Revenues and Other Sources:
Total Available:
Expenditures
Purchased Services
Capital Outlay
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 293,111 $
50,552 $ 50,552 $ -
(4,270)
- _ _
3,500
(770)
- _
292,341
50,552 50,552 -
36
- - _
241,753
- 50,552 -
241,789
- 50,552 -
- 50,552
241,789
$ 50,552 $ 50,552 $ - $ _
65
Fund: 4211
Cost Center: 2012A G.O. Capital Notes
Activity Type /Code: Capital Projects
Expenditure Highlights
This fund will be closed in 2014.
The following is a list of equipment purchased with the 2012 Capital Note.
Vehicle / Equipment Replacements:
Fire Chief's Vehicle
$ 45,000
Rescue #11
55,000
Hydraulic Rescue Cutters
13,000
10 ft. Wide Trail Mower #583
65,000
New Vehicle / Equipment:
Thermal Imaging Camera
20,000
Front -End Loader
140,000
Cab and Snowblower Attachment
4,500
Trail Plow Attachment
5,600
$ 348,100
With interest rates being low, additional items were added to eliminate the
need for another issuance in 2013.
Vehicle / Equipment Replacements:
Trailer #T -554
One -Ton Truck w/ Plow #599
Ditch Mowing Tractor w/ Mowers #115
One -Ton Truck w/ Plow #132
$ 10,000
65,000
90,000
65,000
$ 230,000
$ 578,100
Department Head: Finance Director
General Activity Description
This fund accounts for major capital equipment purchases. Resources
for the capital equipment come from the issuance of equipment notes.
The notes are typically of a 5 -year duration and debt service is funded via
the annual tax levy.
Process Used
During the 2012 budget process it was determined that various capital
equipment was necessary.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
66
City of Andover
Capital Projects Funds
2014 G.O. Equipment Certificates
Statement of Revenues, Expenditures and Changes in Fund Balance
n x �
rrL i a1 ;. w 4
�a s
- -
44,278 -
..
Desctiption4 n;���. '
�� r
����Fv,.�
201'4 ``
- 1,355,000
1,600,478 -
.., . v, ,
,
- 1,300,000
1,565,504 -
? 2015
Fund Balance, January 1
Revenues
Investment Income
Other Sources
Bond Proceeds
Bond Premium
Total Other Sources:
Total Revenues and Other Sources:
Total Available:
Expenditures
Purchased Services
Capital Outlay
Total Expenditures:
Other Uses
Bond Discount
Total Other Uses:
Total Expenditures and Other Uses:
Fund Balance, December 31
1,200
- 1,355,000
1,555,000 -
- -
44,278 -
- 1,355,000
1,599,278 -
- 1,355,000
1,600,478 -
- 1,355,000
1,600,478 -
- 55,000
29,050 -
- 1,300,000
1,565,504 -
- 1,355,000
1,594,554 -
- -
5,924 -
- -
5,924 -
- 1,355,000
1,600,478 -
67
Fund: 4212
Cost Center: 2014 G.O. Capital Notes Department Head: Finance Director
Activity Type /Code: Capital Projects
Expenditure Hi2hli2hts
The following is a list of equipment purchased with a 2014 Capital Note.
Capital Note.
Vehicle / Equipment Replacements:
New - Mobile Vehicle Lifts
Survey Equipment
Replacement - Ladder Truck #11
Replacement - Bobcat #610
Replacement - Dump Truck w/ Snow Removal Equipment
Replacement - Fire Utility #4
Replacement - Fire Utility #5
Replacement - Toro Groundmaster #559
Replacement - One Ton Truck w/ Plow 9503
New - Snowblower Attachment - Belos
Replacement - Snowblower Attachment - Bobcat
New - Add Rear Wing to Plow Truck
$ 24,000
32,000
1,100,000
36,000
150,000
32,000
32,000
35,000
65,000
23,000
7,000
30,000
$ 1,566,000
General Activity Description
This fund accounts for major capital equipment purchases. Resources
for the capital equipment come from the issuance of equipment notes.
The notes are typically of a 5 -year duration and debt service is funded via
the annual tax levy.
Process Used
During the 2014 budget process it was determined that various capital
equipment was necessary.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
.:
City of Andover
Capital Projects Funds
Tax Increment Projects
Statement of Revenues, Expenditures and Changes in Fund Balance
L '•' \ 1 ,• t,\ tti', h Y f fY ;.. S #
Jfi! y+ F' x
�AcfualAdopti
1 N
- 4,200 -
'4t t
timate
- - -
�' � _
, ,� M • >
x
� � ,
L „.20'14 "� � �
d j
� ��s�n�z��F sr� ��
2014
Fund Balance, January 1
Revenues
Tax Increments
Special Assessments
Intergovernmental
Investment Income
Miscellaneous
Total Revenues:
Other Sources
Proceeds from Sale of Capital Assets
Total Revenues and Other Sources:
Total Available:
Expenditures
Other Services and Charges
Capital Outlay
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 1,211,643 $ 2,657,590 $ 2,657,590 $ 3,564,647
375,040
182,857 182,857 20,000
3,664
- 4,200 -
1,172
- - -
15,355
- 15,000 15,000
1,276,644
- - -
1,671,875
182,857 202,057 35,000
49,034
- 1,000,000
1,720,909
182,857 1,202, 057
2,932,552
2,840,447 3,859,647
274,962 45,000
- 250,000
274,962 295,000
274,962 295,000
$ 2,657,590 $ 2,545,447
.•
45,000
250,000
295,000
295,000
$ 3,564,647
35,000
3,599,647
25,000
500,000
525,000
525,000
$ 3,074,647
Fund: 4501
Cost Center: Tax Increment Projects Department Head: Finance Director
Activity Type /Code: Capital Projects
Expenditure Highlights
2015 Budgeted expenditures include:
Administration $ 25,000
Redevelopment Site Purchases 500,000
$ 525,000
2014 Budgeted expenditures include:
Administration $ 20,000
Redevelopment Site Cleanup 25,000
Redevelopment Site Purchases 250,000
$ 295,000
TIF District 1 -1 was decertified in 2012 and TIF District 1 -2 will be decertified in 2014.
General Activity Description
The Tax Increment Projects Fund accounts for activities in TIF districts
1 -1, 1 -2, 1 -3, 1 -4, 1 -5 and 1 -6 and all TIF land sales and expenditures to
reach the goals of the TIF district plans.
Process Used
Promotion and expansion of the commercial / industrial tax base through
redevelopment of land.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
70
City of Andover
Capital Projects Funds
Permanent Improvement Revolving
Statement of Revenues, Expenditures and Changes in Fund Balance
r
7 r , f. u,,,
i r.
,fit, rActual
„ n
7r a r
Adoptedy�
.�:
EstimatesAdopfed
Y
A x' a
Fund Balance, January 1
Revenues
Special Assessments
Investment Income
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Other Services and Charges
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 1,063,785
598,889
(8,625)
590,264
590,264
1,654,049
413
968,636
$ 968,636
$ 647,005
50,000
60,000
50,000
-
3,000
3,000
50,000
63,000
53,000
53,000
50,000
63,000
1,018,636
1,031,636
700,005
3,670
685,000 381,423 380,961
685,413 381,423 384,631 -
$ 968,636 $ 637,213 $ 647,005 $ 700,005
71
Fund: 4601
Cost Center: Permanent Improvement Revolving
Activity Type /Code: Capital Projects
Expenditure Hiehlights
No major expenditures are planned for 2015. The transfer for debt
service in 2014 will payoff the remaining PIR bonds.
Department Head: Finance Director
General Activity Description
The Permanent Improvement Revolving (PIR) Fund serves as a long -term
funding source for large capital improvement expenditures.
Process Used
The City has issued four bonds totaling $15.4 million thru 2008 in the
PIR Fund for large capital projects. This fund has collected $18.89 million
of special assessments over the past 13 years. The annual cash flow of
this fund is intended to eliminate unfunded projects through effective
management of debt payments and project expenditures.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
72
City of Andover
Capital Projects Funds
2010A G.O. Open Space Referendum Bonds
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Revenues
Investment Income
Miscellaneous
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Purchased Services
Capital Outlay
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 775,534 $ 773,150 $ 773,150 $ 230,996
(4,384) - 2,500 1,500
3,500 - - -
(884) - 2,500 1,500
(884)
774,650
1,500
1,500
773,150
188,550
188,550
2,500 1,500
775,650 232,496
544,654 232,496
544,654 232,496
1,500 188,550 544,654 232,496
$ 773,150 $ 584,600 $ 230,996 $ -
73
Fund: 4901
Cost Center: 2010A G.O.Open Space Referendum Bonds
Activity Type /Code: Capital Projects
Expenditure Highlights
Over the past two years, two parcels have been purchased for the preservation
of open space in the City of Andover. It is anticipated that a third purchase will
take place in 2014.
Department Head: Finance Director
General Activity Description
This fund is used to finance various land acquisitions for open space
preservation within the City of Andover through the use of G.O. Open Space
Referendum Bonds.
Process Used
An Open Space Advisory Commission has been created to establish both
short and long term goals, in addition to, determining the criteria for which
to acquire open space.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
74
CITY OF ANDOVER, MINNESOTA
2015 ANNUAL BUDGET
Governments establish enterprise funds to account for activities that consist of rendering services or providing
goods to the public for which a fee or charge is collected.
75
City of Andover
Enterprise Funds
2015 Budget Summary - All Enterprise Funds
Statement of Revenues, Expenditures and Changes in Fund Net Assets
Unrestricted Net Assets, January 1
$ 5,712,214
:Adopted:
Estimate
t Adoptetl� ,
Revenues
F
20,737
s ��,
*`�
�; �,Descnptionr t,
f�
� r�2013
���,2014,
r 2 014
201
„�
(21,533)
57,000
,r ,,s
57,000
Unrestricted Net Assets, January 1
$ 5,712,214
$ 6,228,108
$ 6,228,108
$ 6,421,317
Revenues
4,242
20,737
20,737
58,249
Charges for Services
4,907,702
4,784,280
4,771,280
4,954,705
Interest
(21,533)
57,000
57,000
57,000
Meters
23,395
13,000
13,000
13,000
Permits
4,200
3,000
3,500
3,500
Penalties
4,702
17,500
15,000
16,000
Miscellaneous
20,446
17,000
44,000
67,000
Total Revenues:
4,938,912
4,891,780
4,903,780
5,111,205
Other Sources
859,072
957,725
957,725
977,026
Transfers In
4,242
20,737
20,737
58,249
Gain on the Sale of Capital Assets
8,000
-
-
-
Total Other Sources:
12,242
20,737
20,737
58,249
Total Revenues and Other Sources:
4,951,154
4,912,517
4,924,517
5,169,454
Total Available:
10,663,368
11,140,625
11,152,625
11,590,771
Expenditures
Personal Services
859,072
957,725
957,725
977,026
Supplies and Materials
239,933
275,650
264,070
280,200
Other Services and Charges
1,838,142
2,000,687
2,083,777
2,047,689
Capital Outlay
79,725
-
-
95,000
Debt Service
821,458
828,806
828,806
831,487
Total Expenditures:
3,838,330
4,062,868
4,134,378
4,231,402
Other Uses
Transfers Out
596,930
596,930
596,930
596,930
Total Expenditures and Other Uses:
4,435,260
4,659,798
4,731,308
4,828,332
Unrestricted Net Assets, December 31
$ 6,228,108
$ 6,480,827
$ 6,421,317
$ 6,762,439
76
City of Andover
Enterprise Funds
Water
Statement of Revenues, Expenditures and Changes in Fund Net Assets
Unrestricted Net Assets, January 1
Revenues
Charges for Services
Interest
Meters
Permits
Penalties
Miscellaneous
Total Revenues:
Other Sources
Transfers In
Gain on the Sale of Capital Assets
Total Other Sources:
Total Revenues and Other Sources:
Total Available:
Expenditures
Personal Services
Supplies and Materials
Other Services and Charges
Debt Service
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses:
$ 2,121,235 $ 2,512,014 $ 2,512,014 $ 2,705,699
2,447,707
(6,378)
23,395
4,200
2,288
17,971
2,489,183
4,242
4,000
8,242
2,497,425
4,618,660
381,133
197,184
556,621
821,458
1,956,396
150,250
2,106,646
2,349,553
15,000
13,000
3,000
7,500
17,000
2,405,053
20,737
20,737
2,425,790
4,937,804
424,687
218,250
674,662
828,806
2,146,405
150,250
2,296,655
Unrestricted Net Assets, December 31 $ 2,512,014 $ 2,641,149
77
2,329,553
15,000
13,000
3,500
5,000
44,000
2,410,053
20,737
20,737
2,430,790
4,942,804
424,687
208,800
624,562
828,806
2,086,855
150,250
2,237,105
$ 2,705,699
2,397,686
15,000
13,000
3,500
6,000
67,000
2,502,186
58,249
58,249
2,560,435
5,266,134
433,564
222,200
675,830
831,487
2,163,081
150,250
2,313,331
$ 2,952,803
Fund: 5100
Cost Center: Water
Activity Type /Code: Enterprise Fund
Expenditure Hi2hli2hts
No major changes planned in 2015.
Department Head: Utility Supervisor
General Activity Description
Operate and maintain the City's water system including WTP, wells, towers
and water mains. Provide a continuous, potable, bacteria free water supply
at proper pressure levels. Maintain customer water meters and respond to
other service requests. Maintain water distribution for fire protection system
needs. Conform to all State and Federal monitoring rules, provide tours and
information to the public.
Process Used
Operate wells and WTP in a manner that ensures a safe, clean and adequate
water supply, that will meet peak daily demands and fire protection demands.
Maintain wells, treatment facility, and related infrastructure. Operate and
maintain chemical feed equipment. Collect, analyze and record water samples
daily. Maintain, test and repair water meters. Respond to emergencies 24 hours
a day. Work with contractors to locate watermains, locate and operate gate valves,
monitor tests during final inspections. Check WTP, 8 wells, 7 days a week, 365
days per year. Flush all watermains in the spring every other year. Maintain all
hydrants. Locate operate and clean gate valves to ensure proper operation.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
78
City of Andover
Enterprise Funds
Sanitary Sewer
Statement of Revenues, Expenditures and Changes in Fund Net Assets
Unrestricted Net Assets, January 1
Revenues
Charges for Services
Interest
Penalties
Miscellaneous
Total Revenues:
Other Sources
Gain on the Sale of Capital Assets
Total Revenues and Other Sources:
Total Available:
Expenditures
Personal Services
Supplies and Materials
Other Services and Charges
Capital Outlay
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses:
Unrestricted Net Assets, December 31
$ 3,281,238 $ 3,358,463 $ 3,358,463 $ 3,506,015
2,061,034
(15,090)
1,958
2,475
2,050,377
4,000
2,054,377
5,335,615
2,058,105
40,000
10,000
2,108,105
2,108,105
5,466,568
2,063,105
40,000
10,000
2,113,105
2,113,105
5,471, 568
2,134, 919
40,000
10,000
2,184,919
2,184,919
5,690,934
291,446
324,395
324,395
330,694
30,655
29,200
27,070
29,800
1,153,798
1,158,218
1,167,408
1,180,869
54,573
-
-
90,500
1,530,472
1,511,813
1,518,873
1,631,863
446,680
1,977,152
446,680
1,958,493
446,680 446,680
1,965,553 2,078,543
$ 3,358,463 $ 3,508,075 $ 3,506,015 $ 3,612,391
79
Fund: 5200
Cost Center: Sanitary Sewer
Activity Type /Code: Enterprise Fund
Department Head: Utility Supervisor
Expenditure Hi2hli2hts
The major increase in expenditures is due to the purchase of new televising
equipment.
General Activity Desciption
City sewage is collected through a pipe and lift station network to large
Metro City Sewer interceptor pipes that carry it to the Metro Treatment Plant
for processing. The sewer division inspects, cleans, and maintains the City's
collection system which includes breaks in pipes, manholes, and lift stations.
Sewer backups caused by blockage due to debris or breaks in pipe are
cleaned and /or repaired immediately. This department maintains the integrity
of the entire sanitary sewer system.,
Process Used
Inspect all lift stations five days per week. Clean one - quarter of the City's
sewer collection system via jetting and vacuuming each year. City has implemented
a televising program of the collection system that analyzes the entire system over a
five year period. A spot check program checks flows in problem areas. Start 1/1
program to monitor inflow and infiltration into sewer system. Clean known problem
area once per month. Monitor inspection and testing of all new sewer lines and
manholes before accepting from contractor. Respond to and record all requests
from customers, respond to emergencies 24 hours a day. Contract out all major
system repairs.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
80
City of Andover
Enterprise Funds
Storm Sewer
Statement of Revenues, Expenditures and Changes in Fund Net Assets
Unrestricted Net Assets, January 1
Revenues
Charges for Services
Interest
Penalties
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Personal Services
Supplies and Materials
Other Services and Charges
Capital Outlay
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses:
Unrestricted Net Assets, December 31
$ 309,741
$ 357,631
$ 357,631
Adopted
'� t
o` 1 tt
f�;�'" nEsfimate t `G
4W -9tRi '+§
`s�v`, Adopted
398,961
376,622
378,622
422,100
jFk
r�
vi5
2,000
Description,
456
2013
-
a 2014:
399,352
_ �w�,,�2014 *�
2015 �rx
Unrestricted Net Assets, January 1
Revenues
Charges for Services
Interest
Penalties
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures
Personal Services
Supplies and Materials
Other Services and Charges
Capital Outlay
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses:
Unrestricted Net Assets, December 31
$ 309,741
$ 357,631
$ 357,631
$ 209,603
398,961
376,622
378,622
422,100
(65)
2,000
2,000
2,000
456
-
-
-
399,352
378,622
380,622
424,100
399,352
378,622
380,622
424,100
709,093
736,253
738,253
633,703
186,493
208,643
208,643
212,768
12,094
28,200
28,200
28,200
127,723
167,807
291,807
190,990
25,152
-
-
4,500
351,462
404,650
528,650
436,458
436,458
351,462
404,650
528,650
$ 357,631 $ 331,603 $ 209,603 $ 197,245
81
Fund: 5300
Cost Center: Storm Sewer
Activity Type /Code: Enterprise Fund
1✓spenditure Highlights
No major changes planned in 2015.
Department Head: Utility Supervisor
General Activity Description
Maintenance of all storm sewers, catch basins, manholes, pipes, ditches,
and sediment ponds.
Process Used
The ditches are cleaned with a backhoe for better drainage and to avoid the
ponding of stagnant water. This dirt is hauled away or dumped in low places
on ditch banks. When it is dumped on site, it becomes necessary to level and
grade the banks to facilitate proper mowing. All catch basins and pipes are
cleaned with a vac truck. The material is then hauled away for proper
disposal. Occasional use of outside contractors to maintain parts of the system.
Televising a portion of the system each year to help comply with new federal
regulations.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
82
CITE' OF ANDOVER, MINNESOTA
2015 ANNUAL BUDGET
Internal Service Funds are used to account for goods and services that are provided to other City departments, or to
other governments, on a cost reimbursement basis.
E:Zc,
City of Andover
Internal Service Funds
2015 Budget Summary - All Internal Service Funds
Statement of Revenues, Expenditures and Changes in Unrestricted Net Assets
unrestricted Net Assets, January 1
Revenues
Charges for Services
Interest Income
Miscellaneous
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures and Other Uses
Personal Services
Supplies and Materials
Other Services and Charges
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses:
Unrestricted Net Assets, December 31
$ 609,012
1,070,619
(1,949)
82,384
1,151,054
1,151,054
1,760,066
354,288
355,708
372,878
1,082,874
1,082,874
$ 677,192
;A
$ 677,192
1,072,053
1,500
1,073,553
1,073,553
1,750,745
381,032
367,831
336,930
1,085,793
1,085,793
$ 664,952
$ 677,192 $ 621,264
1,079,948
1,500
79,800
1,161,248
1,161,248
1,838,440
379,032
398,896
439,248
1,217,176
1,217,176
$ 621,264
1,111,844
1,500
1,113,344
1,113,344
1,734,608
392,344
386,950
359,872
1,139,166
1,139,166
$ 595,442
City of Andover
Internal Service Funds
Central Equipment Maintenance
Statement of Revenues, Expenditures and Changes in Fund Net Assets
Unrestricted Net Assets, January 1
Revenues
Charges for Services
Interest Income
Miscellaneous
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures and Other Uses
Personal Services
Supplies and Materials
Other Services and Charges
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses:
Unrestricted Net Assets, December 31
$ 345,201
699,603
(1,372)
1,091
699,322
699,322
1,044,523
$ 359,993 $ 359,993
699,603
500
700,103
700,103
1,060,096
699,603
500
4,800
704,903
704,903
1,064,896
224,783
233,531
233,531
335,432
342,560
369,825
124,315
113,080
128,480
684,530
689,171
731,836
684,530
$ 359,993
85
689,171
$ 370,925
$ 333,060
720,592
500
721,092
721,092
1,054,152
239,443
360,960
121,022
721,425
731,836 721,425
$ 333,060 $ 332,727
Fund: 6100
Cost Center: Central Equipment Department Head: Vehicle Maintenance Supervisor
Activity Type /Code: Internal Service Fund
Expenditure Hiehlights
The primary increase in 2015 is due to the cost of fuel and parts.
General Activity Description
Maintains and repairs all City motorized and non - motorized vehicles and equipment
to provide safe operation. Evaluates equipment needs, orders equipment/vehicles
and writes specifications. The department maintains nearly 500 pieces of equipment,
in addition to normal preventative maintenance procedures of tires, brakes, electrical,
fabricating and body work. All work; except automatic transmission overhauls,
major engine and major body work are done at the Public Works garage. Staff inspects
garbage trucks as part of their licensure process, and performs commercial vehicle
inspections required on all applicable City vehicles.
Process Used
City equipment is scheduled for normal service by miles driven or hours /days
of service. Most work is done based on a first -in- first -out with the exception of that
emergency repairs are done in the order of importance. Emergency equipment are
fire vehicles and snow plow equipment, streets, utilities, and parks. Non - emergency
equipment are the Building and Engineering departments, Planning and Zoning
department and all other city equipment.
ADOPTED 2015 BUDGET
CITY OF ANDOVER. MINNESOTA
86
City of Andover
Internal Service Funds
Risk Management
Statement of Revenues, Expenditures and Changes in Unrestricted Net Assets
z , z
z3 Actual, s
s
Estimate�Adopied >
>�
_,'2014,
Unrestricted Net Assets, January 1
Revenues
Charges for Services
Interest Income
Miscellaneous
Total Revenues:
Other Sources
Transfers In
Total Revenues and Other Sources:
Total Available:
Expenditures and Other Uses
Personal Services
Supplies and Materials
Other Services and Charges
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses:
Unrestricted Net Assets, December 31
$ 263,811 $ 317,199 $ 317,199 $ 288,204
371,016 372,450 380,345 391,252
(577) 1,000 1,000 1,000
81,293 - 75,000 -
451,732 373,450 456,345 392,252
451,732 373,450 456,345 392,252
715,543 690,649 773,544 680,456
12 9, 505 147,501 145,501 152,901
20,276 25,271 29,071 25,990
248,563 223,850 310,768 238,850
398,344 396,622 485,340 417,741
398,344 396,622 485,340 417,741
$ 317,199 $ 294,027 $ 288,204 $ 262,715
F-M
398,344 396,622 485,340 417,741
$ 317,199 $ 294,027 $ 288,204 $ 262,715
F-M
F-M
Fund: 6200
Cost Center: Risk Management
Activity Type /Code: Internal Service Fund
1Jxpenditure Highlights
The primary increase in 2015 is due to the increase in workers comp
insurance and general liability insurance.
Department Head: Finance Director
General Activity Desciation
The Risk Management Fund was established to provide funding for compensated
absences, safety, training, loss reduction and insurance premium deductibles.
Social security and Medicare tax savings resulting from participation in the "cafeteria
plan" are recorded in this fund on an annual basis. This fund also functions to
mitigate significant rate increases or decreases. Departmental rates are
managed by analyzing claims history.
Process Used
The City Administrator / Finance Director along with the Human Resources Manager
Promote various safety and wellness programs with the funding received. One of
the most notable products is the wellness fitness room. Safety training is provided
both in -house and by contracting for service. The city works through a broker and
is provided insurance for general liability, automotive and workers' compensation
through the League of MN Cities Insurance Trust.
ADOPTED 2015 BUDGET
CITY OF ANDOVER, MINNESOTA
88
AC I T Y 0 F
INDOVE �` �� 1
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 . (763) 755 -5100
FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US
TO: Mayor and Councilmembers
FROM: Jim Dickinson, City Administrator
SUBJECT: 2014 Budget - General Fund Progress Report — Through August 2014
DATE: September 23, 2014
INTRODUCTION
The City of Andover 2014 General Fund Budget contains total revenues of $9,569,142 and total
expenditures of $10,026,875 (includes $30,500 of 2013 budget carry forwards), a decrease in
fund balance is planned.
Monthly reporting of the City Budget progress to the Governing body is a recommended
financial practice and often viewed positively by rating agencies.
DISCUSSION
Attached is the General Fund Revenue & Expenditure Budget Summary - Budget Year
2014, reflecting year to date through August 2014. The attachments are provided to assist
discussion in reviewing 2014 progress; other documents may be distributed at the meeting
The following represents Administration's directives and departmental expectations that are in place
again for 2014:
1. Expenditure budgets while approved, expenses are to meet with the spirit that needs are
fulfilled first, expansions of service and special requests are to be reviewed with City
Administration before proceeding.
2. Departments are to be committed to search for the best possible prices when purchasing
goods and services.
3. Departments are to be committed to continually searching out new efficiencies and to
challenge the status quo of how the City provides services.
4. Departments are to be committed to searching out collaborative opportunities to facilitate
efficient and cost - effective utilization of governmental assets and personnel.
5. Departments are to be committed to developing effective, consistent and ongoing
communications with City residents, businesses and other stakeholders.
6. Departments are to be cognizant that services provided are subject to available revenues
and should not commit to services that are not sustainable.
ACTION REQUESTED
The Council is requested to receive a presentation and provide direction to staff.
submitted,
Attachment
REVENUES
General Property Tax
Licenses and Permits
CITY OF ANDOVER
General Fund Budget Summary Totals
Budget Year 2014
2013
Budget Aug YTD °° Bud Final
$ 7,398,782 $ 3,875,127 52% $ 7,376,284
2014
Budget Aug YTD % Bud
$ 7,501,816 $ 3,898,686 52%
Intergovernmental 596,564 339,725 57% 710,071 609,541 325,885 53%
Charges for Services 619,850 747,007 121% 1.122.461 685 ono AM AAA QQO/
Fines
100,750
57,381
570/.
96,130
Investment Income
65,000
19,845
31%
(13,242)
Miscellaneous
90,350
120,643
134%
137,129
Transfers In
196,930
196,930
100%
196,930
Total Revenues
$ 9,356,581
$ 5,744,572
61%
$ 10,162,469
63%
65,404
2013
25,500
14,060
EXPENDITURES
Budget
Aug YTD
% Bud
Final
100,750
53,820
53%
75,000
22,603
30%
91,850
117,251
128%
196.930
196,930
100%
$ 9,569,142
$ 5,431 i76
57%
$ 65,314
2014
19,531
Budget
Aug YTD
% Bud
GENERAL GOVERNMENT
572,754
604,078
Streets and Highways
585,111
388,183
Snow and Ice Removal
511 ,834
376,101.
Mayor and Council
$ 87,953
$ 64,562
73%
$ 83,595
$ 86,840
$ 65,314
75%
19,531
Administration
143,995
101,008
70%
147,503
176,265
111,578
63%
65,404
Newsletter
25,500
14,060
55%
17,678
26,000
17,356
67%
194,453
Human Resources
42,770
11,355
27%
17,906
39,229
13,544
35%
65%
Attorney
178,300
100,969
57%
173,244
178,300
103,826
58%
65,248
City Clerk
108,925
76,799
71%
108,311
129,400
86,532
67%
Elections
54,155
4,602
8%
11,353
55,336
23,205
42%
Finance
221,256
153,669
69%
215,215
235,459
167,685
71%
Assessing
150,000
141,783
95%
144,561
150,000
142,210
95%
Information Services
161,252
90,465
56%
135,981
176,629
97,047
55%
Planning & Zoning
360,970
233,609
65%
349,488
401,360
250,915
63%
Engineering
440,168
321,177
73%
452,788
465,656
304,155
65%
Facility Management
566,187
285,612
50 %°
451,255
562,905
318,536
57%
�LD
Total General Gov
2,541,431
1,599,670
63%
2,308,878
2,683,379
1,701,903
63%
PUBLICSAFETY
Police Protection
2,740,899
2,055,674
75%
2,740,899
2,818,132
2,113,599
75 %`
Fire Protection
1,127,444
634,045
56%
_ 1,126,979
1,127,389
775,858
69%
Protective Inspection
393,530
280,106
71%
423,495
411,295
w254,513
- 62%
Civil Defense
_ _ _ 17 188
- _....t._,e..__
10 982
x
64%
1.7 ,128 ...
_„ .,., 1Q,g2.j-
113%
Animal Control
Animal
9,950
2,506
25%
6,037
9,950
2,532
25%
Total Public Safety
4,289,011
2,983,313
70%
4,311,340
4,383,894
3,165,929
72%
PUBLIC WORKS
572,754
604,078
Streets and Highways
585,111
388,183
Snow and Ice Removal
511 ,834
376,101.
Street Signs
198,693
100,948
Traffic Signals
36,000
15,849
Street Lighting
36,400
19,531
Street Lights - Billed
210,000
109,783
Park & Recreation
1,014,366
584,331
Recycling
128,633
65,404
Total Public Works
2,721,037
1,660,130
__.
OTHER ..
223,950
....
194,453
Total Other
223,950
194,453
Total Expenditures $
9,775,429
$ 6,437,566
NET INCREASE (DECREASE) $
(418,848)
$ (692,994)
66%
572,754
604,078
400,396
66%
]3 0(0, ____ -_
63Q,79.8-.__.-
_517,942- .___939,588
_°y
.51 % °--- - --
- -. 162859._._._._.._.._..
M) �2'?Zh_..__.....__l41.IQL.....
_
72 %_. ,..
44%
26,241
35,000
14,230
41%
54%
31,702
36,400
19,642
54%
52%
210,331
210,000
116,150
55%
58%
946,545
1,138,426
661,321
58%
51%
178,109
131,147
70,972
54%
61%
2,759,339
2,870,274
1,863,600
65%
879.6
_10,519
89,328
65,248
73% )0
87%
210,519
89,328
65,248
73%
66% $
9,590,076
$ 10,026,875
$ 6,796,680
68%
S 572,393 $ (457,733) $ (1,365,304)
+ � Go",51'l 2013
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US
TO: Mayor and Councilmembers
FROM: Jim Dickinson, City Administrator
SUBJECT: August 2014 Investment Report
DATE: September 23, 2014
INTRODUCTION
Summary reporting of the City Investment portfolio to the Governing body is a recommended
financial practice and often viewed positively by rating agencies.
Furthermore, the City of Andover Investment Policy recommends the Finance Director presents
to the City Council at least quarterly the type of investments held by the City.
DISCUSSION
Attached is the Investment Maturities Summary for August 2014, the August 2014
Investment Detail Report, and the August 2014 Money Market Funds Report. These
attachments are intended to assist with discussion when reviewing the August 2014
investments.
ACTION REQUESTED
The Council is requested to receive a presentation and provide feedback to staff.
submitted,
Investment Maturities - August 2014
Investment Maturities
(in Years)
Credit
Fair
Less Than
More Than
Investment Type
Rating
Value
1
1-5
6-10
10
Money market funds
N/A
$ 1,568,691
$ 1,568,691
$
$
$
MN Municipal Money
Market Fund (4M)
N/A
4,993
4,993
-
-
Certificates of deposit
FDIC
5,359,704
2,084,735
2,532,811
742,158
-
Local governments
A/Al /A2
930,456
325,591
398,531
101,443
104,891
AAl /AA2 /AA3
7,916,668
1,905,146
3,327,946
2,077,018
606,558
AAA
4,342,497
557,285
2,251,864
1,147,385
385,962
State governments
A/Al /A2
438,110
-
211,222
226,888
-
AAl /AA2 /AA3
402,419
14,954
309,856
77,609
21,250
-
AAA
440,061
-
418,811
U.S. agencies
AAA
4,493,015
243,956
3,172,816
390,244
685,999
FNMA REMIC
N/A
16,978
-
16,978
-
-
U.S. agencies
N/A
245,703
-
245,703
-
Total investments
$ 26,159,294
$ 6,705,351
$ 12,886,538
$ 4,783,994
$ 1,783,410
Deposits
2,266,512
Total cash and investments
$ 28,425,806
August 2014 Investment Detail
Description
Cusip Number
Credit
Rating
Type
Purchase Price
Carrying Cost
Maturity
Amount
Interest
Rate
Current Market
Value
Int restf,Paid
Date
Acquired
Coupon
Date
Maturity )
Due Date
Currie State Bk
23130SCA9
CD
249,000.00
249,000.00
249,000.00
0.300%
248,992.53
maturity
10/03/13
none
10/03/14
Santander Bk Nall Assn
80280JAX9
CD
249,000.00
249,000.00
249,000.00
0.300%
248,661.36
maturity
07/16/14
none
10/16/14
RBS Citizens NA
75524KCY8
CD
249,000.00
249,000.00
249,000.00
0.250%
248,912.85
maturity
08/06/14
none
11/06/14
MB Financial Bank
55266CHV1
CD
102,249.00
102,249.00
100,000.00
2.350%
100,434.00
monthly
04/18/11
none
11/12/14
State Bank India NY
856283XB7
CD
249,000.00
249,000.00
249,000.00
0.350%
248,950.20
maturity
08/14/14
none
11/14/14
S & T Bank _
78386161-19
CD
249,000.00
249,000.00
249,000.00
0.350%
248,945.22
maturity
12/13/13
none
12/12/14
First Merit Bank (Ohio)
320844NY5
CD
249,000.00
249,000.00
249,000.00
0.300%
248,853.09
maturity
07/16/14
none
01/16/15
Peoples Utd Bk Bridgeport CT
71270QEG7
CD
249,000.00
249,000.00
249,000.00
0.250%
248,325.21
maturity
07116/14
none
01116/15
Capital One Bank Glen Allen VA
14041AXU8
CD
43,910.10
43,910.10
40,000.00
4.750%
40,660.40
semi - annual
05/10/11
none
01/23/15
Garrett State Bank
366526AJO
CD
200,000.00
200,000.00
200,000.00
1.750%
202,000.00
monthly
05/20/11
06/20/11
07/20/15
Bridgeport Conn
108151V57
A2
local
222,688 -40
222,688.40
215,000.00
3.074%
215,266.60
semi - annual
03/29/11
none
09/15/14
Canton CharterTwp Mich
138128EC3
A3
local
115,965.30
115,965.30
110,000.00
3.625%
110,324.50
semi - annual
11/24/10
none
10/01114
Chaska MN
161664DS3
AA
local
66,128.40
66,128.40
65,000.00
2.000%
65,297.05
semi - annual
08/15/13
06/01/14
12/01/14
Pell City AL
705880ML3
AA-
local
100,000.00
100,000.00
100,000.00
1.200%
100,640.00
semi - annual
04/25/12
08/01/12
08/01/15
Brooklyn Park Minn
114223V64
AA+
local
206,700.00
206,700.00
200,000.00
3.400%
202,078.00
semi - annual
02/10/11
none
02/01/15
Pipestone - Jasper MNISD #2689
724114BH5
AA+
local
181,521.00
181,521.00
180,000.00
1.000%
180,644.40
semi - annual
05/23/13
03/01/14
03/01/15
Red Wing Minn ISD #25
757130JR1
AA+
local
36,367.10
36,367.10
35,000.00
3.500%
35,555.10
semi - annual
01/11/11
none
03/01/15
Ramsey MN
751813QE9
AA+
local
176,289.75
176,289.75
175,000.00
1.000%
175,967.75
semi - annual
06/05/12
12/01/12
06/01115
Palatine III
696089RY9
AA1
local
112,000.00
112,000.00
100,000.00
5.200%
101,206.00
semi- annual
semi - annual
semi - annual
11/07/11
08/16/11
07/15/08
none
04/01/12
none
12/01/14
10/01/14
Western Lake Superior MN
958522WP5
AA2
local
102,756.00
102,756.00
100,000.00
2.000%
100,159.00
Austin Minn
052249542
AA2
local
79,600.00
79,600.00
80,000.00
5.100%
80,237.60
02/01/15
Duluth MN
Onamia MIN ISD #480
Waunakee WI__
Waterloo-1A
264438ZA3
682271DT5
943181NZ6
941647NW5
AA2
local
201,733.11
201,722.00
200,000.00
1.000%
200,666.00
semi - annual
11/27/12
08/01/13
02/01/15
AA2
AA2_
local
104,979.00
104,979.00
100,000.00
3.000%
101,143.00
semi - annual
09/27/12
08/01/13
02/01115
local
55,000.00
55,000.00
55,000.00
1.500%
55,396.00
semi - annual
11/08/11
05/01/12
05/01/15
AA2
local
261,334.20
261,334.20
255,000.00
2.000%
258,445.05
semi - annual
06/27/13
12/01/13
06/01/15
Brownsville TX
116405FY2
AA3
local
102,683.00
102,683.00
100,000.00
2.000%
100,842.00
semi - annual
12/27/12
02/15/13
02/15/15
South Eastern IA Cmnty College
841625MC7
AA3
local
149,060.00
149,060.00
145,000.00
2.000%
146,869.05
semi - annual
07/26/12
none
06/01/15
Saint Louis Park MN
791740ZJ5
AAA
local
55,000.00
55,000.00
55,000.00
0.750%
55,113.85
semi - annual
10/17/12
08/01/13
02/01/15
Chesterfield MO
166455EC5
AAA
local
102,174.00
102,174.00
100,000.00
2.950%
101,267.00
semi - annual
04/30/14
none_
02/15/15
Cook Cnty IL Cmnty Clg Dist #5
216129FD3
AAA
local
196,228.20
196,228.20
190,000.00
2.000%
192,582.10
semi - annual
01/08/13
06/01/13
06/01/15
Palm Beach Cnty FLA
696497TP1
AAA
local
226,296.00
226,296.00
200,000.00
5.808%
208,322.00
semi - annual
03/14/11
none
06/01/15
Oregon School Boards Assn Zero Cpn
686053CE7
AA2
state
14,233.50
14,233.50
15,000.00
14,953.80
maturity
02/08/12
none
06/30/15
US Treasury Sec Stripped Zero Cpn
9128331<D1
AAA
US
49,889.30
49,889.30
244,000.00
5.000%
243,956.08
maturity
09/14/94
11/15/14
5,131,666.79
Flushing Savings Bank
344030DK4
CD
250,023.39
250,023.39
249,000.00
1.750%
253,053.72
monthly
07/25/11
none
10/29/15
Portage County Bank
73565NAZ6
CD
249,000.00
249,000.00
249,000.00
1.650%
253,088.58
monthly
07/25/11
none
11/03/15
Sterling Savings Bank
859532AH6
CD
248,000.00
248,000.00
248,000.00
0.750%
248,925.04
semi - annual
07/31/13
01/31/14
01/29/16
Lake Forest Bank & Trust
509685ES8
CD
200,000.00
200,000.00
200,000.00
0.850%
201,230.00
semi - annual
08/14/13
02/14/14
08/15/16
Luana Savings Bank
549103MY2
CD
248,000.00
248,000.00
248,000.00
0.750%
249,815.36
semi - annual
08/16/13
02116/14
08/16/16
NCB Savings Bank FSB
628825JN2
CD
100,000.00
100,000.00
100,000.00
1.500%
99,505.00
semi - annual
07/25/14
01/25115
07/25/18
Barclays Bank
06740KHB6
CD
247,000.00
247,000.00
247,000.00
2.050%
246,113.27
semi - annual
07/03/14
01/02/15
07/02/19
Synchrony Bank
87164WBT4
CD
247,000.00
247,000.00
247,000.00
2.050%
245,871.21
semi - annual
07/11/14
01/11/15
07/11119
PrivateBank & Trust Cc
74267GUQ8
CD
247,000.00
247,000.00
247,000.00
2.000%
245,710.66
semi - annual
07/21/14
01/21/15
07/22/19
2,084,734.86 CD
2,788,022.05 local
14,953.80 state
243,956.08 US
-ess Than 1 Year
August 2014 Investment Detail
Description !
Cusip Number
Credit
Rating
Type
Purchase Price'
Carrying Cost
Maturity
Amount
Interest
Rate
Current Market
Value
do
Date
Acquired
Coupon
Date
Maturity)
Due Date
Goldman Sachs Bank USA
38147JU59
CD
247,000.00
247,000.00
247,000.00
2.050%
245,752.65
semi - annual
07/23/14
01/23115
07/23/19
Bangor Savings Bank
060243DV1
CD
245,000.00
245,000.00
245,000.00
1.000 %
243,745.60
semi - annual
07/30/14
01/30/15
07/30/19
Oshkosh Wis Storm Wtr Util
68825RBD1
Al
local
101,003.00
101,003.00
100,000.00
3.250%
104,513.00
semi - annual
10/05/10
05/01/11
05/01/18
Oneida County NY
682454382
Al
local
114,388.00
114,388.00
100,000.00
6.250%
111,473.00
semi - annual
08/16/10
none
04/15/19
Junction City Kansas
4815021`72
A2
local
101,558.00
101,558.00
100,000.00
5.500%
113,792.00
semi - annual
05/28/08
03/01/09
09/01/18
Barren Cnty KY
068437DM1
A2
local
43,996.00
43,996.00
40,000.00
4.300%
41,551.60
semi - annual
02/08/12
none
04/01/19
Augusta ME
051411ND4
A3
local
28,125.00
28,125.00
25,000.00
5.250%
27,201.50
semi - annual
03/07/12
none
10/01/17
Chaska MN
161664DT1
AA
local
71,663.20
71,663.20
70,000.00
2.000%
71,495.90
semi - annual
08/15/13
06/01/14
12/01/15
Chaska MN
161664DU8
AA
local
76,434.00
76,434.00
75,000.00
2.000%
77,217.00
semi - annual
08/15/13
06/01/14
12/01/16
North Mankato MN Port Auth Com
660760AG4
AA
local
107,657.00
107,657.00
100,000.00
4.000%
106,061.00
semi - annual
09/20/13
none
02/01/17
Philadelphia PA Auth Zero Coupon
71781LBJ7
AA
local
161,700.00
161,700.00
245,000.00
233,460.50
maturity
01/12/10
none
04/15/17
Rice Cnty MN
762698GK8
AA
local
45,466.80
45,466.80
40,000.00
4.400%
44,622.40
semi - annual
03/07/12
none
02/01/19
Racine WI
7500216D4
AA-
local
101,792.00
101,792.00
100,000.00
2.100%
102,724.00
semi - annual
01/24/12
06/01/12
06/01/18
Minnetrista MN
604229KE3
AA+
local
15,000.00
15,000.00
15,000.00
2.450%
15,011.70
semi - annual
10/10/13
08/01/14
02/01/19
Ramsey MN
751813PB6
AA+
local
158,677.85
158,677.85
145,000.00
4.500%
151,675.80
semi - annual
02/16/12
04/01/16
04/01/19
Minneapolis Minn
60374YP35
AA1
local
21,269.40
21,269.40
20,000.00
3.250%
20,870.20
semi - annual
08102/11
none
03/01/16
Des Moines IA Area Cmnty Col
250097A85
AA1
local
137,668.95
137,668.95
135,000.00
1.375%
136,902.15
semi - annual
07/30/12
12/01/12
06/01/16
Osseo MN ISD #279
688443,127
AA1
local
30,103.25
30,103.25
25,000.00
6.000%
28,083.75
semi - annual
12/22/11
none
02/01/17
Dane County WI
236091M92
AA1
local
106,487.00
106,487.00
100,000.00
2.450%
103,673.00
semi - annual
semi - annual
semi - annual
07/16/12
03/04/14
03/27/12
none
none
none
12/01/17
03/01/18
Minneapolis MN
60374YF93
AA1
local
220,938.00
220,938.00
200,000.00
4.000%
220,530.00
King Cnty WA
49474E3L5
AA1
local
224,634.00
224,634.00
200,000.00
3.980%
217,420.00
12/01/18
Minneapolis MN
Cedar Rapids IA
Riley Cnty Kans Uni Sch Dist
Western Lake Superior MN_ _ _ _ _
60374YS73
AA1
local
111,898.00
111,898.00
100,000.00
3.250%
108,318.00
semi - annual
06/05/12
12/01/11
12/01/18
150528RM1
766651NP4
958522WO3
AAl _
AA2
local
217,672.00
217,672.00
200,000.00
3.000%
211,042.00
semi - annual
06/11/13
12/01/13
06/01/19
local
36,876.00
36,876.00
35,000.00
4.730%
36,551.90
semi - annual
05/05/14
03/01/10
09/01/15
AA2
local
101,790.00
101,790.00
100,000.00
2.000%
101,891.00
semi - annual
08/16/11
04/01/12
10/01/15
New York NY
64966JAW6
AA2
local
208,324.00
208,324.00
200,000.00
3.170%
206,204.00
semi - annual
04/07/14
06/01/11
12/01/15
Plainfield III
726243LT3
AA2
local
79,373.25
79,373.25
75,000.00
3.000%
77,451.75
semi - annual
12/27/12
none
12/15/15
Duluth Minn ISO #709
264474CK1
AA2
local
74,939.20
74,939.20
70,000.00
4.000%
71,696.80
semi - annual
01/18/11
none
02/01/16
Duluth MN
264438ZB1
AA2
local
105,652.05
105,652.05
105,000.00
1.000%
105,742.35
semi - annual
12/05/12
08/01/13
02/01/16
Rowlett TX
7796986H7
AA2
local
101,905.55
101,905.55
95,000.00
3.000%
98,605.25
semi - annual
07/10/12
08/15/12
02/15/16
Hopkins Minn lSD #270
439881HC0
AA2
local
95,278.40
95,278.40
80,000.00
5.250%
89,683.20
semi - annual
04/30/12
08/01/09
02/01/18
Scott County IA
809486EZ2
AA2
local
114,450.33
112,617.00
100,000.00
4.400%
108,204.00
semi - annual
10/31/12
12/01/12
06/01/18
Orange Beach ALA
68406PHF1
AA2
local
241,689.60
241,689.60
240,000.00
4.400%
253,245.60
semi - annual
08/05/10
02/01/11
02/01/19
Waterloo IA
941647PAl
AA2
local
50,559.50
50,559.50
50,000.00
2.000%
50,491.00
semi - annual
06/27/13
12/01/13
06/01/19
East Bethel Minn
271074HRO
AA3
local
100,941.00
100,941.00
100,000.00
3.200%
102,710.00
semi - annual
12/15/10
08/01/11
02/01/16
Kane McHenry Cook & De Kalb Zero Cpn
484080MB9
AA3
local
157,328.00
157,328.00
200,000.00
176,362.00
maturity
07/16112
none
12/01/18
Johnson Cnty KS
478700J99
AAA
local
257,290.00
257,290.00
250,000.00
2.000%
254,837.50
semi - annual
12/12/13
none
10/01/15
Madison WI
55844RFY5
AAA
local
103,870.00
103,820.00
100,000.00
2.000%
101,891.00
semi - annual
10/01/12
04/01/13
10/01115
Hinsdale IL
433416LW2
AAA
local
118,011.85
118,011.85
115,000.00
2.000%
117,442.60
semi - annual
04/23/14
12/15/14
12/15/15
Three Rivers MN Park Dist
885718GG5
AAA
local
210,828.00
210,828.00
200,000.00
3.000 ° /o
207,798.00
semi - annual
12/12/13
08/01/14
02/01/16
Maple Grove MN
56516PNY5
AAA
local
230,520.40
230,520.40
220,000.00
2.000%
227,095.00
semi - annual
01/10/13
08/01/13
02/01/17
Ramsey Cnty MN
751622JG7
AAA
local
100,000.00
100,000.00
100,000.00
1.130%
100,204.00
semi - annual
08/12/14
02/01/15
02/01/17
Tennessee Valley Auth
880591EA6
AAA
local
93,153.11
93,153.11
85,000.00
5.500%
95,676.85
semi - annual
06/01/09
01/18/08
07/18/17
Washington County MN
937791KL4
AAA
local
115,000.00
115,000.00
115,000.00
3.750%
120,819.00
semi - annual
07/01/10
01/01/11
01/01/18
2,532,811.09 CD
August 2014 Investment Detail
Credit' Type Purchase Price Carrying Cost Maturity Interest Current Market I Date Coupon Maturity !
Description Cusip Number INte[es Pard
Rating Amount Rate Value Acquired Date Due Date
Saint Louis Park MN 791740WC3 AAA local 112,114.00 112,114.00 100,000.00 3.850% 107,790.00 semi - annual 12/22/11 none 02/01/18
Brownsville TX ISD Zero Coupon
116421E46
AAA
local
229,640.00
229,640.00
250,000.00
229,937.50
maturity
06/26/13
none
08/15/18
Minnetonka MN ISD #276
604195RA7
AAA
local
37,433.20
37,433.20
35,000.00
3.100%
35,806.05
semi - annual
12/22/11
none
02/01/19
Palm Beach Cnty FLA
696497TR7
AAA
local
256,504.60
256,504.60
220,000.00
5.898%
255,741.20
semi - annual
07/06/11
none
06/01119
Tenn Val Auth Cpn Strip Zero Cpn
88059EWZ3
AAA
local
262,890.00
262,890.00
300,000.00
272,154.00
maturity
12127/13
none
06/15/19
Norwalk Conn
668844DS9
AAA
local
122,464.80
122,464.80
120,000.00
4.050%
124,671.60
semi - annual
08/04/10
08/01/11
08/01/19
5,978,341.65 local
Illinois State
452152HR5
A3
state
217,312.00
217,312.00
200,000.00
4.961%
211,222.00
semi - annual
07/16/12
09/01/11
03/01116
Washington State
939758DL9
AA
state
205,804.00
205,804.00
200,000.00
4.500%
213,882.00
semi - annual
01/24/12
04/01/12
10/01/18
Oregon State
68608URV0
AA1
state
70,194.60
70,194.60
70,000.00
0.890%
70,660.80
semi - annual
07/29/14
08/01/13
08/01/16
Mississippi State
6055816V8
AA2
state
25,000.00
25,000.00
25,000.00
1.116%
25,312.75
semi - annual
09/12/13
none
12/01/16
Texas State
882722,128
AAA
state
80,158.50
80,158.50
75,000.00
3.000%
77,274.75
semi - annual
03128/12
04/01/12
10/01/15
Tennessee State
880541QM2
AAA
state
201,894.00
201,894.00
200,000.00
2.326%
208,666.00
semi - annual
10/26/11
02/01/12
08/01/17
Georgia State
373384RQ1
AAA
state
26,742.50
26,742.50
25,000.00
2.970%
26,770.25
semi - annual
02/08112
none
10/01/18
Texas State
882722J51
AAA
state
103,089.00
103,089.00
100,000.00
2.894%
106,100.00
semi - annual
08/10/11
04/01/12
10/01/18
939,888.55 state
Fed Farm Credit Bank
3133EA6K9
AAA
US
200,000.00
200,000.00
200,000.00
0.410%
200,400.00
semi - annual
10/29/12
04/29/13
10/29!15
Fed Home Ln Mtg Corp
3134G4YD4
AAA
US
200,084.00
200,084.00
200,000.00
0.500%
200,054.00
semi - annual
07/15!14
10/01/14
04/01/16
Fed Home Ln Bank
3130A1XZ6
AAA
US
200,880.00
200,880.00
200,000.00
1.375%
200,618.00
semi - annual
07/14/14
12/05/14
06/05/17
Fed Farm Credit Bank
3133EATE8
AAA
US
99,647.00
99,647.00
100,000.00
0.900%
100,092.00
semi - annual
11/04/13
07/22/14
03/27114
07/11/14
12/08/12
04/30/13
09127/14
none
06/08/17
10/30/17
12/27/17
12/28/17
Fed Natl Mtg Assn
3136GOS69
AAA
US
250,000.00
250,000.00
250,000.00
0.600%
249,130.00
semi - annual
semi - annual
semi - annual
Fed Home Ln Bank
3130A1AX6
AAA
US
200,000.00
200,000.00
200,000.00
1.300%
199,316.00
Fed Natl Mtg Assn
3136G16E4
AAA
US
224,325.00
224,325.00
225,000.00
0.600%
224,001.00
Fed Natl Mtg Assn
Fed Farm Credit Bank
Fed Home Ln Mtg Corp Mad Term Note
Fed Home Ln Mtg Corp
Fed Home Ln Mtg Corp Med Term Note
3136G1AJ8
3133ECFA7
3134G4XK9
3134G 46D5
AAA
US
200,000.00
200,000.00
200,000.00
0.700%
199,234.00
semi - annual
01/30/13
07/30/13
01/30/18
AAA
AAA
US
100,000.00
100,000.00
100,000.00
1.080%
98,885.00
semi - annual
02/13/13
08/13/13
02/13/18
US
200,000.00
200,000.00
200,000.00
1.300%
200,384.00
semi - annual
03/27/14
09/27/14
03/27/18
AAA
AAA
US
US
198,000.00
200,000.00
198,000.00
200,000.00
200,000.00
200,000.00
1.200%
1.200%
198,682.00
197,784.00
semi - annual
semi - annual
06/12/13
07/30/12
12/12/13
01/30/13
06/12/18
07/30118
3134G3ZK9
Fed Farm Credit Bank
31331Y4S6
AAA
US
114,000.00
114,000.00
100,000.00
5.050%
114,731.00
semi - annual
09/11/13
none
08/01/18
Fed Home Ln Bank
3130AOFN5
AAA
US
200,000.00
200,000.00
200,000.00
0.500%
200,140.00
semi - annual
12/26/13
05/26/14
11/26/18
Fed Natl Mtg Assn
3136GORB9
AAA
US
294,999.00
294,999.00
300,000.00
1.375%
296,667.00
semi - annual
12105/13
12/28/12
12/28/18
Fed Natl Mtg Assn
3136GOY70
AAA
US
199,300.00
199,300.00
200,000.00
1.080%
194,370.00
semi - annual
10/30/12
01/30/13
01/30/19
Fed Farm Credit Bank
3133EC5N0
AAA
US
99,587.00
99,587.00
100,000.00
1.250%
98,328.00
semi - annual
01/07/13
03/04/13
03/04/19
Fed Natl Mtg Assn Remic
31393EAL3
US
204,187.50
16,450.73
16,113.37
4.500%
16,978.01
monthly
07/30/03
none
08125/18
FICO Strip Cpn Zero Coupon
31771EAA9
US
236,235.00
236,235.00
250,000.00
236,100.00
maturity
06/09114
none
05/11118
Fed Home Ln Mtg Carp
313 93VMQ1
US
153,656.25
9,352.52
9,129.95
4.500%
9,602.70
monthly
06/30/03
06/15/18
3,435,496.71 US
12,886,538.00
1- 5Years
Celtic Bank
15118RJM0
CD
247,000.00
247,000.00
247,000.00
2.050%
247,155.61
semi - annual
12/20/13
06/20/14
12/20/19
Citizens Alliance Bank
17318LAP9
CD
249,000.00
249,000.00
249,000.00
2.000%
247,550.82
monthly
06/27/14
07/27/14
06/26/20
Enerbank USA
29266NA31
CD
249,000.00
249,000.00
249,000.00
2.100%
247,451.22
monthly
07/18/14
08/18/14
07/20/20
742,157.65 CD
Rockford IL
77316QJY6
Al
local
102,867.00
102,867.00
100,000.00
5.250%
101,443.00
semi - annual
05/07/14
none
12/15/21
Mitchell SD Sch Dist #17 -2
606687EH0
AA
local
116,702.00
116,702.00
100,000.00
6.000%
113,160.00
semi - annual
12/20/11
06/15/19
06/15/24
Stearns Co MN
857896MH4
AA,
local
276,875.00
276,875.00
250,000.00
4.500%
263,710.00
semi - annual
04/17/13
none
06/01/20
Minnetrista MN
604229KG8
AA+
local
196,265.55
196,265.55
195,000.00
3.100%
195,093.60
semi - annual
10/10/13
08/01/14
02/01/21
25,000.00
Greenway ON
26,899.75
semi - annual
07/09/13
none
03/15/21
ISD #31
39678LDF6
AA+
local
27,593.50
27,593.50
25,000.00
5.000%
26,899.75
semi - annual
07/09/13
none
03/15/21
August 2014 Investment Detail
Description
Cusip Number
Credit
Rating
Type
Purchase Price :
Carrying Cost
Maturity
Amount
Interest
Rate
Current Market
Value '
In Brest
Date
Acquired
Coupon
Date
Maturity )
Due Date
Minnetrista MN
604229KJ2
AA+
local
50,000.00
50,000.00
50,000.00
3.850%
50,040.00
semi - annual
10/10/13
08/01/14
02/01/23
Savage Minn
80465PAN4
AA+
local
198,018.00
198,018.00
200,000.00
4.800%
211,822.00
semi - annual
06/17/10
02/01/11
02/01/24
Minneapolis MN
60374YSBI
AA1
local
278,632.50
278,632.50
250,000.00
3.500%
271,867.50
semi - annual
02/26/13
none
12/01/19
Minneapolis MN
60374YG68
AA1
local
110,419.00
110,419.00
100,000.00
4.700%
109,977.00
semi - annual
10/31/11
none
03/01/23
Western Lake Superior MN
958522WU4
AA2
local
100,000.00
100,000.00
100,000.00
3.150%
103,473.00
semi - annual
08/16/11
04/01/12
10/01/19
Portsmouth VA
73723RSL8
AA2
local
286,268.00
286,268.00
295,000.00
2.400%
303,572.70
semi - annual
07/17/13
02/01/14
02/01/20
Moorhead MN
6161412R7
AA3
local
108,820.00
108,820.00
100,000.00
3.800%
101,744.00
semi - annual
11/14/11
none
02/01/20
Davenport Iowa
238388GS5
AA3
local
111,948.00
111,948.00
100,000.00
4.650%
106,506.00
semi - annual
09/13/11
none
06/01120
WhitewaterWis
966204KA6
AA3
local
109,541.00
109,541.00
100,000.00
4.850%
112,443.00
semi - annual
06/09/11
none
12/01/20
Hawkins Cnty TN
420218PL7
AA3
local
111,480.00
111,480.00
100,000.00
4.800%
106,709.00
semi - annual
03/13/12
none
05/01/24
Greensboro NC
39546OV21
AAA
local
366,832.80
366,832.80
360,000.00
3.263%
365,277.60
semi - annual
07115/11
none
10/01/19
Woodbury MN
97913PCQ7
AAA
local
123,037.35
123,037.35
115,000.00
3.250%
117,443.75
semi - annual
12122/11
none
02/01/20
Dallas TX Indpt Sch Dist
235308QK2
AAA
local
116,900.00
116,900.00
100,000.00
4.450%
111,744.00
semi - annual
04/16/12
08/15/11
02/15/20
Tenn Valley Auth Zero Con
88059EHD9
AAA
local
263,970.00
263,970.00
300,000.00
264,786.00
maturity
03/11/13
none
05/01/20
Tenn Val Auth Cpn Strip Zero Cpn
88059EMX9
AAA
local
88,133.00
88,133.00
100,000.00
87,608.00
maturity
03/18/13
none
07/15/20
Minnetonka MN ISD #276
604195PQ4
AAA
local
23,491.73
23,016.40
20,000.00
6.200%
21,522.00
semi - annual
11/19/12
none
01/01/21
Shoreview MN
825214EH8
AAA
local
197,205.75
197,205.75
175,000.00
4.900%
179,004.00
semi - annual_
01/25/12
none
02/01/24
Florida St Dept Environmental
34160WUA0
Al
state
217,800.00
217,800.00
200,000.00
6.206%
226,888.00
semi - annual
08/30/10
07/01/10
07/01/22
Minnesota St Hsg Fin Agy Taxable
60415NE24
AA1
state
75,562.50
75,562.50
75,000.00
6.300%
77,609.25
semi - annual
semi - annual
07/27/06
02/07/12
01101/07
none
07/01/23
06/01/21
Virginia State
928109XD4
AAA
state
22,126.00
22,126.00
20,000.00
4.100%
21,249.60
Fed Farm Credit Bank
3133ECQ64
AAA
US
191,812.00
191,812.00
200,000.00
1.740%
196,860.00
semi - annual
07/23/13
11/21/13
05/21/20
Fed Home Ln Bank
.__
Itasca County Minn
31338031-18
465452GP9
AAA
US
200,000.00
200,000.00
200,000.00
1.500%
193,384.00_
semi- annual
07/30112
01/30/13
07/30/24
4,783,994.40
A
local
105,024.00
100,000.00
5.550%
104,891.00
semi - annual
07/12/11
none
02/01/28
Lake City Minn ISD #813
508084DW7
AA+
local
103,933.00
100,000.00
5.000%
106,630.00
semi - annual
05/11/11
none
02/01/25
Milaca Minn ISD #912
598699NT9
AA+
local
106,941.00
100,000.00
5.650%
109,042.00
semi - annual
07/22/11
none
02/01/27
Duluth MN
264438ZL9
AA2
local
29,767.20
30,000.00
2.625%
28,223.70
semi - annual
12/05/12
08/01/13
02/01/25
Will County IL Cmnty Zero Coupon
969078QM9
AA2
local
0
159,000.00
500,000.00
252,645.00
maturity
08/25/09
none
11/01/27
Van Buren Mich Public Schools
920729HD5
AA2
local
102,750.00
100,000.00
6.430%
110,017.00
semi - annual
07/17/09
11/01/09
05/01/29
Tennessee Valley Auth Ser E
91CJ9
AAA
local
121,500.00
121,500.00
100,000.00
6.750%
135,962.00
semi - annual
03/19/09
none
11/01/25
Ice Deposit - National Sports Center
ne
local
250,000.00
250,000.00
250,000.00
250,000.00
maturity
02/06/08
none
01/01/26
Fed Farm Credit Bank
VLC8
AAA
US
106,030.45
106,030.45
100,000.00
5.250%
123,336.00
semi - annual
02/26/10
none
04/21/28
Fed NatlMtg Assn
AQY1
LE33
AAA
US
218 ,100.00
218,100.00
200,000.00
5.380%
201,990.00
semi - annual
12/24/12
none
11/13/28
Fed Natl Mtg Assn
FTP94
AAA
US
361,069.20
361,069.20
360,000.00
2.000%
360,673.20
semi - annual
12113/12
none
02/27/32
1,7833409.90
24,585,609.09
3,325,845.90 local
325,746.85 state
390,244.00 US
i - 10 Years
1,097,410.70 local
685,999.20 US
L0+ Years
INVESTMENT SCHEDULE - Money Market Funds
August 31, 2014
Description
Current Market
Value'
YTD Interest
Wells Fargo
1 lWells Fargo Government Money Market Fund
1 $1,568,691.461 $200.48
4M
1 14M 1
1,892.52 -
4M PLUS
I 14M Plus 1
3,100.71 -
Grand Total Money Market Funds 1 $1,573,684.69 1 $200.48
Updated: 911012014