HomeMy WebLinkAboutWK - April 28, 2015r C I T Y 0 F .�.
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESU IA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV
City Council Workshop
Tuesday, April 28, 2015
Conference Rooms A & B
1. Call to Order — 6:00 p.m.
2. City Council Strategic Planning/2015 -2016 Goal Setting Discussion - Administration
3. 2016 -2020 CIP Discussion & 2015 CIP Progress Report - Administration
4. 2015 General Fund Budget Progress Report - Administration
5. March 2015 City Investments Review - Administration
6. Other Business
7. Adjournment
C I T Y O F
ND OVE
1685 CROSSTOWN BOULEVARD N.W. a ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US
TO:
FROM:
SUBJECT
DATE:
Mayor and Council Members
Jim Dickinson, City Administrator
City Council Strategic Planning/2015 -2016 Goal Setting Discussion
April 28, 2015
INTRODUCTION
d
Pursuant to direction provided by the City Council at the March 24, 2015 Council Workshop
meeting, City Administration will be facilitating a Strategic Planning/2015 -2016 Goal Setting
Discussion with the City Council.
DISCUSSION
Attached is the staff report outlining a Strategic Planning/Goal Setting Session and requesting
individual submissions from the Council. City Administration has gathered individual Council
submissions of Vision, Challenges and Opportunities. At the meeting the Council will review
those submissions and City Administration will facilitate the discussion to assist with building
consensus on the important issues and formulate the direction the Council wants to proceed.
ACTION REQUESTED
Receive a brief presentation from City Administration and participate in a facilitated
discussion surrounding community challenges and opportunities and develop the 2015-
2016 Council Goals.
Y 0 F
O V %E
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV
TO: Mayor and Council Members
FROM: Jim Dickinson, City Administrator
SUBJECT: Strategic Planning /Goal Setting Work Session
DATE: April 7, 2015
Introduction:
Looking forward to a Strategic Planning Work Session on Tuesday, April 28th I thought I
would gather some thoughts from the Council to help make best use of our time that
evening.
The purpose of this memo is to jump start the work session process. The memo
contains the following:
1. Overview of the Work Session.
2. Review of current Community Vision & Organization Values and Goals
3. Questionnaires for the Council.
I ask that you read this memo, review and complete your homework and submit your
completed questionnaires bV April 17th. By doing this work ahead of time will allow us
to devote the work session to discussion and building consensus on important issues
and formulate direction.
Work Session Overview:
This meeting is billed as a "strategic planning /goal setting session ". What does that
mean? The City of Andover has done an excellent job of planning for the future and the
City Council and Staff have operated strategically by establishing a Community Vision &
Organizational Values and Goals and annually updates the work plan for those Goals.
However, despite best efforts, organizations sometimes just tend to follow the path they
are on. This work session is intended to step back and consider where we are and
where we should be headed.
The Work Session is designed to make sure the City of Andover stays on the right track
by evaluating the current track, identifying challenges, identifying opportunities, and
agreeing on big steps to take in the next few years.
To achieve these objectives, the Work Session will be broken into four parts:
1. Review Andover's current "Community Vision & Organizational Values
and Goals" — What is your vision for the future of Andover? Are your
values consistent with this vision? Are things missing?
(Attached City of Andover Community Vision & Organizational Values and Goals)
2. Consider the "Environment" — An important part of strategic planning is to
identify the challenges and opportunities that will influence the City
government in Andover. What are the biggest challenges we face today
and anticipate over the next five years? What opportunities should you
seek to capture? (Submitted by Council members through the attached
Questionnaires & reviewed through facilitated discussion.)
3. Identify "Key" Goals /Objectives — The City's list of goals should be more
than just a "to do list ", but a strategic guide. What are the critical
objectives that the City should seek to achieve? ( Done through facilitated
discussion.)
4. Identify Next Steps — What happens after the work session to act on the
results?
Questionnaires
Prior to the work session, I ask each that each of you complete the attached tables. Submit the
following completed questionnaires to me no later than April 17th. I will then compile the results
and use as items to gain consensus on at the Work Session.
Respe Ily submitted,
im Dickinson
Attachments
City of Andover
COMMUNITY VISION & ORGANIZATION VALUES AND GOALS
The City of Andover Community Slogan:
"Welcome Home"
The City of Andover's Vision Statement:
"Andover, a safe, growing community in which to live and work which enhances the
quality of its citizens' lives through recreational opportunity, quiet neighborhoods, civic
involvement, and fiscal and environmental stewardship."
City of Andover's Long Term Organizational Values and Goals:
1. EXCELLENCE AND QUALITY IN THE DELIVERY OF SERVICES
The City of Andover believes that services to the public is our reason for being,
and strive to deliver quality services in a professional and cost - effective manner.
2. FISCAL RESPONSIBILITY
The City of Andover believes that fiscal responsibility and prudent stewardship of
public funds is essential if citizens are to have confidence in government.
3. ETHICS AND INTEGRITY
The City of Andover believes that ethics and integrity are the foundation blocks of
public trust and confidence and that all relationships are built on these values.
4. TREATING THE CITIZEN AS OUR CUSTOMER
The City of Andover believes that the citizen is our customer and, as such,
should be treated with courtesy, respect, and integrity.
5. OPEN AND HONEST COMMUNICATION
The City of Andover believes that open and honest communication with each
other and the public we serve is the key to having an effective organization and
informed citizens.
City of Andover's Highest Priority External Goals:
Goal #1 To prudently manage the city's growth.
Goal #2 To enhance communication with the public.
Goal #3 To develop and update the city's capital improvement program.
Goal #4 To broaden the city's tax base through increased industrial and
commercial development.
Goal #5 To effectively balance the services that the city provides with
available resources.
City of Andover's Short -Term (one to five years) Organizational Goals
- (with work plan):
1. FISCAL GOALS - the City recognizes the following fiscal values as the basis for
delivering current and future services to the residents of Andover.
A. Assure city financial stability through cost effective services.
B. Focus spending on community needs; wants need to be supported by new
or redirected sustainable revenues.
C. Explore new revenue streams.
D. Don't commit dollars today that will commit the City to unsustainable future
expenses.
2. COMMERCIAL /RESIDENTIAL DEVELOPMENT /REDEVELOPMENT GOALS -
the City wants to be supportive of those invested in or wanting to invest in our
community.
A. Facilitate upgrades or redevelopment of blighted or underdeveloped
commercial /industrial parcels.
B. Help stimulate business growth in Andover through more business friendly
municipal costs, regulations and support programs.
C. Review TIF district expirations; discuss future planning and options
available which may include the creation of new TIF districts.
D. Develop a business outreach plan to improve City relationships with the
business community.
E. Continually analyze existing commercial areas to determine if expansion is
feasible and seek out new areas to better serve the community.
F. Continually evaluate how to meet sewer /water and street needs of any
proposed development and redevelopment projects.
G. Review City development processes to help reduce unnecessary steps,
time delays and development costs.
H. Review storm water regulations to achieve cost savings at the local level
and to help avoid duplicity of regulations that are enforced by another
governing body.
3. COLLABORATION GOALS - the City is supportive of collaboration efforts that
are cost - effective and improve efficiency in delivering services.
A. Rethink how we deliver existing basic city services and seek lower cost
with increased productivity.
B. New collaboration opportunities must be a win -win for the participating
cities.
C. Continue to work on developing working relationships with: school district,
county, and adjoining cities; the goal being to reduce costs, improve
delivery of services, and be as efficient as possible.
D. Seek County support on meeting the City's needs relative to
transportation, in particular on how improvements to County and City
infrastructure can solve traffic problems for our residents, assist existing
business, and help attract new businesses.
E. Work with waste /garbage haulers to determine if a more efficient garbage
collection process for the community can be achieved.
F. Develop a system that will effectively coordinate volunteer efforts whether
it is in response to local emergencies and disasters, or just for the delivery
of basic services.
4. SERVICE DELIVERY GOALS - the City is committed to providing efficient and
cost - effective city services.
A. Determine if the City should reduce maintenance on parks not used or
useable for cost savings; consider elimination of tot lots; focus
development on larger parks and an expanded trail system.
B. Review the City relationships with the local sports associations to help
provide for exceptional program delivery to the community.
C. Pursue paperless opportunities whenever possible and feasible.
D. Analyze the "administrative fine" process to reduce use of courts, increase
local revenues, and improve code compliance.
E. Explore opportunities with law enforcement to improve community policing
and to make a concerted effort by mentoring or being available to the teen
population of the community.
F. Pursue local programming during summer or school days for the
community youth by effective utilization of the Community Center and the
City's relationships with local service organizations.
G. Continually review our processes to reduce unnecessary or unwanted
service deliveries.
H. Discuss employee salaries and the review process with the budget
development process.
5. LIVABILITY /IMAGE GOALS - the City recognizes that providing quality basic &
desired services enhances the quality of life of our residents.
A. Pursue preserving open space when viable and feasible opportunities are
available.
B. Continue efforts along Hanson Boulevard with promoting sustainable
landscaping and by encouraging consistent fence maintenance along
roadways.
C. Provide a high level of professionalism to the public at all levels of the
organization.
D. Engage more with various media outlets to tell the City of Andover stories
better.
E. Pursue a community survey to determine resident support for current city
services and programs.
F. Be creative in improving and adding amenity options for the residents of
Andover.
G. Review recent 2010 Census data and use for planning future projects.
Name
Vision
Use the space below to list up to ten characteristics that best describe your vision for the future
of Andover. These characteristics may be current qualities that should endure, changes that
need to be made, or missing pieces to be added.
1.
2.
3.
4.
5.
6.
7.
8.
9.
i DO
Name
Challenges
Use the space below to list the most important challenges facing city government in Andover
(not more than ten). In making your list consider organizational issues, changes in the
community and factors from outside of Andover.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Name
Opportunities
Use the space below to list up to ten important opportunities facing the City of Andover. As with
challenges, think about opportunities within the operation of city government, in the
development of the community and from factors outside of Andover.
R
2.
3.
4.
5.
6.
7.
8.
9.
10.
1
lei
IN044 -Win'
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.CI.AN DOVER. MN. US
TO:
FROM:
SUBJECT:
DATE:
Mayor and Councilmembers
Jim Dickinson, City Administrator
2016 -2020 CIP Discussion & 2015 CIP Progress Report
April 28, 2015
INTRODUCTION
In late March, Administration/Finance distributed baseline worksheets to Department Heads for
the 2016 -2020 CIP kick -off. Subsequent discussion will center on the 2016 -2020 CIP
development and the need of other committees (Vehicle Purchasing & Facility Management
Committees) and commissions (Parks and Recreation & Community Center Advisory) to start
their work.
DISCUSSION
To assist with the 2016 -2020 CIP discussion, I have attached for the Council's reference a
progress report on the 2015 Capital Improvement Plan projects.
Throughout the summer it is anticipated that a significant amount of time will be spent on
evaluating utility infrastructure, transportation improvements, building maintenance, equipment
and park and recreation needs. Each of these items will be supported by a detailed fund balance
analysis of funding sources (based on various assumptions and estimates) that will be presented
to the Council for review at future workshops.
At this time the Staff would like the secure the Council's priorities to assure that those
priorities are taken into consideration while staff develops a draft 2016 -2020 CIP. Staff will
also discuss with the Council a potential Central Equipment Maintenance proiect related to a
Mobile Resource Management tool for City vehicles.
ACTION REQUESTED
The Council is requested to review the various attachments, receive a brief presentation, and
provide direction to staff on Council priorities for the 2016 -2020 CIP.
pectfully submitted,
i Dickinson
Attachments
CITY OF ANDOVER
2015 Capital Improvement Plan
Projects By Department - Use of Funds
Community Center
Replacement - Floor Scrubber
Replacement - Rink Flooring
Engineering
New Development Projects
Pedestrian Trail Maintenance
Facility Management
Annual Parking Lot Maintenance
Replacement - Carpet/ Tile
Building A - Seal Floor
Public Works / Comm Ctr Master Planning
Fire
Replacement - Turnout Gear
Information Technology
Microsoft DataCenter & CAL's License
Microsoft Office Upgrade
Park & Recreation - Operations
Replace /Repair Play Structures - Various Parks
Replace /Repair Major Park Projects - Various Parks
Park & Recreation - Projects
Annual Miscellaneous Projects
Irrigation Projects - Small Parks
Pine Hills North - Phase II
Kelsey Round Lake Park Master Plan
Fencing Upgrades - Ballfield Safety Initiative
Crooked Lake School Hockey Rink
Sanitary Sewer
Televising Camera Upgrade
Storm Sewer
Storm Sewer Improvements
New - Plate Compactor
Streets / Highways
Annual Street Seal Coat Project
Annual Street Crack Seal Project
Annual Pavement Markings
Annual Curb Replacement
Municipal State Aid Routes / New & Reconstruct
Street Overlays
Water
Rehabilitation of Wells
$ 14,000 purchased
50,000 on hold
64,000
140,000 Ongoing WM connection needed by Catcher's Creek 2nd
70,000 Bids awarded, work this summer
210,000
28,000
Bids awarded, work this summer
10,000
City Hall complete, FS #3 in process
20,000
late summer
25,000
RFP's have been sent out
83,000
mid July after bb
18,000
ordered
15,000 in the process
15,000 in the process
30,000
50,000 Hidden Creek East & Timber Rivers
25,000 Bridge decking replaced
75,000
15,000
ongoing
20,000
finish Oak Bluff
60,000
start grading / tree removal for playset
50,000
working on draft RFP
25,000
mid July after bb
60,000
mid to late summer
230,000
86,000 ordered
50,000 ongoing, Ward Lake Dr this summer
13,500 ordered
63,500
496,000
bids awarded, work this spring /summer
285,000
bids awarded, work this spring /summer
33,000
bids awarded, work this spring /summer
45,000
bids awarded, work this spring /summer
1,259,000
bids received
600,000
2,718,000
25,000
ongoing, will be $50k
Grand Total $ 3,602,500
City of Andover, MN
Capital Plan
2015 thru 2019
PROJECTS & FUNDING SOURCES BY DEPARTMENT
Department
Project#
Priority
2015
2016
2017
2018
2019
Total
Central Equipment
J
Replacement - Service Truck
16- 48800 -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 CV Operations
14,000
14,000
Replacement - Rink Flooring
15- 44300 -01
1
50,000
50,000
Comm Cir Operations
50,000
50,000
Replacement - Carpeting
16- 44000 -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
6,000
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- 44300 -01
1
21,000
21,000
Comm Ctr Operations
21,000
21,000
Replacement - Zamboni Battery Pack
18- 44300 -02
1
14,000
14,000
Comm Ctr Operations
14,000
14`000
Replacement - Field House Floor
19- 44400 -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
574,000
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
472,000
New Pedestrian Trail and Sidewalk Segments
16- 41600 -01
1
357,000
144,000
460,000
525,000
1,486,000
Grant
245,000
245,000
Trail Funds
357,000
144,000
460,000
280,000
1,241,000
Engineering Total
210,000
579,000
379,000
795,000
770,000
2,733,009
9
Department
Project#
Priority
2015
2016
2017
2018
2019
Total
Facility Management
Equipment Bond
97,000
Replacement - 800 MHz radios
16- 42200 -03
Capital Equipment Reserve
20,000
Replacement - Breathing Air Compressor at St #1
17- 42200 -01
Annual Parking Lot Maintenance
15- 41900 -01
1
28,000
130,000
30,000
30,000
30,000
248,000
Capital Equipment Reserve
Replacement - Tanker #11
19- 42200 -01
28,000
30,000
30,000
30,000
30,000
148,000
Comm Cir Operations
40,000
100,000
40,000
1
35,000
100,000
Replacement - Carpet /Tile
15- 41900 -02
2
10,000
35,000
10,000
35,000
10,000
30,000
Capital Equipment Reserve
150,000
10,000
10,000
10,000
30,000
BuildingA - Seal Floor
15- 41900 -03
1
20,000
45,000
25,000
45,000
Capital Equipment Reserve
45,000
20,000
45,000
2
25,000
45,000
Public Works/Community Center Master Planning
15- 41900 -04
1
25,000
25,000
45,000
50,000
Capital Projects Levy
25,000
25,000
340,000
50,000
Memorial - Veterans Memorial
16- 41900 -01
1
18,000
10,000
295,000
55,000
395,000
10,000
Capital Equipment Reserve
10,000
15,000
15,000
10,000
Roof Replacment- Public Works
17- 41900 -01
1
400,000
400,000
Capital Equipment Reserve
400,000
400,000
Fire St. #2 Addition with additional land purchase
18- 41900 -01
2
835,000
835,000
G.O. Bond
835,000
835,000
Addition to Storage Building & Vehicle Maint. Shop
19 -41900 -01
1
3,200,000
3,200,000
G.O. Bond
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 w/ Canopy
19- 41900 -03
2
320,000
320,000
G.O. Bond
320,000
320,000
Pedestrian Tunnel Under Crosstown Blvd.
19 -41900 -04
1
450,000
450,000
G.O. Bond
450,000
450,000
Facility Management Total
Fire
Replacement - Turnout Gear
15- 42200 -01
Capital Equipment Reserve
865,000
Replacement - SCBA's
16- 42200 -01
Capital Equipment Reserve
19,000
Replacement - Fire Marshall Vehicle
16- 42200 -02
Equipment Bond
97,000
Replacement - 800 MHz radios
16- 42200 -03
Capital Equipment Reserve
20,000
Replacement - Breathing Air Compressor at St #1
17- 42200 -01
Equipment Bond
250,000
Replacement - Grass #31
17- 42200 -02
Equipment Bond
250,000
Replacement - Grass #21
17- 42200 -03
Equipment Bond
Replacement - Tanker #11
19- 42200 -01
Equipment Bond
40,000
Fire Total
LInformation Technology
Microsoft DataCenter & CAL's License 15- 41420 -01
Capital Equipment Reserve
83,000
165,000
440,000
865,000
4,355,000
51908,000
1 18,000
19,000
20,000
20,000
20,000
97,000
18,000
19,000
20,000
20,000
20,000
97,000
1
250,000
250,000
250,000
250,000
2
40,000
40,000
40,000
40,000
1
35,000
35,000
35,000
35,000
140,000
35,000
35,000
35,000
35,000
140,000
1
150,000
150,000
150,000
150,000
2
45,000
45,000
45,000
45,000
2
45,000
45,000
45,000
45,000
2
340,000
340,000
340,000
340,000
18,000
344,000
295,000
55,000
395,000
1,107,000
1 15,000
15,000
15,000
15,000
10
Department
Project#
Priority 2015
2016
2017
2018
2019
Total
Microsoft Office Upgrade
15- 41420 -02
2 15,000
15,000
Capital Equipment Reserve
15,000
15,000
New Server addition /replacement
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 /Repair Play Structures - VariousParks
15- 45000 -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- 45000 -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
125,000
Replacement - Toro Groundmaster 4559
16- 45000 -01
1
45,000
45,000
Equipment Bond
45,000
45,000
Replacement- One Ton Crew Cab Pickup 4502
17- 45000 -01
1
50,000
50,000
Equipment Bond
50,000
50,000
Replacement - Toro Groundmaster #585
17- 45000 -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 60,000
400,000
100,000
115,000
450,000
1,125,000
Capital Equipment Reserve
280,000
280,000
Donations
100,000
100,000
Park Dedication Funds
60,000
120,000
115,000
450,000
745,000
Kelsey Round Lake Park Master Plan
15- 45001 -04
1 50,000
50,000
Park Dedication Funds
50,000
50,000
Fencing Upgrades - BallfeldSafety Initiatives
15- 45001 -05
1 25,000
25,000
Park Dedication Funds
25,000
25,000
Crooked Lake School Hockey Rink
15- 45001 -06
1 60,000
60,000
Capital Equipment Reserve
50,000
50,000
Parks Projects Levy
10,000
10,000
City Campus Rinks - Pave Hockey Rink & Parking Lot
18 -05001 -01
1
150,000
150,000
Park Dedication Funds
150,000
150,000
Langseth Park Trail Improvement
19- 45001 -01
1
20,000
20,000
Park Dedication Funds
20,000
20,000
Fox Meadows Park - Renovation
19- 45001 -02
1
200,000
200,000
Park Dedication Funds
200,000
200,000
Park & Rec - Projects Total
230,000
435,000
135,000
300,000
705,000
11805,000
Sanitary Sewer
11
Department
Project#
Priority 2015
2016 2017 2018 2019
Total
Televising Camera Upgrade
15- 48200 -01
1 86,000
Storm Sewer
MENNEN
86,000
Sanitary Sewer Fund
86,000
86,000
Sanitary Sewer Extensions
16- 48200 -01
1
500,000 105,000
605,000
Assessments
60,000
60,000
105,000
105,000
Sewer Trunk Fund
50,000
50,000
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
4500
230,000
230,000
Sewer Trunk Fund
21n nnn
92n nnn
Sanitary Sewer Total
86,000
500,000
1,215,000
11801,000
Storm Sewer
MENNEN
Storm Sewer Improvements
15- 48300 -01
1 50,000
50,000
55,000
60,000
60,000
275,000
Storm Sewer Fund
50,000
50,000
55,000
60,000
60,000
275,000
New - Plate Compactor
15- 48300 -02
1 13,500
13,500
Sanitary Sewer Fund
4,500
4500
Storm Sewer Fund
4,500
4,500
Water Fund
4,500
4,500
Replacement - Tymco Street Sweeper #172
18- 48300 -01
1
210,000
210,000
Equipment Bond
210,000
210,000
Replacement - Elgin Street Sweeper #169
19- 48300 -01
1
200,000
200,000
Equipment Bond
200,000
200,000
Storm Sewer Total
63,500
50,000
55,000
270,000
260,000
698,500
Streets / Highways
Annual Street Seal Coat Project
15- 43100 -01
1 496,000
618,000
635,000
763,000
693,000
3,205,000
Construction Seal Coat Fund
14000
17,000
53,000
75,000
161,000
Road B Bridge Funds
480,000
618,000
618,000
710,000
618,000
3,044,000
Annual Street Crack Seal Project
15- 43100 -02
1 285,000
232,000
282,000
270,000
290,000
1,359,000
Construction Seal Coat Fund
7,000
20,000
36,000
11,000
74,000
Road& Bridge Funds
285,000
225,000
262,000
234,000
279,000
1,285,000
Annual Pavement Markings
15 -03100 -03
1 33,000
35,000
37,000
40,000
44,000
189,000
Road& Bridge Funds
33,000
35,000
37,000
40,000
44,000
189,000
Annual Curb Replacement
15- 43100 -04
1 45,000
46,000
48,000
50,000
52,000
241,000
Road B Bridge Funds
45,000
46,000
48,000
50,000
52,000
241,000
Municipal State Aid Routes / New & Reconstruct
15- 43100 -05
1 1,259,000
320,000
610,000
683,000
2,872,000
Assessments
131,000
96,000
57,000
90,000
375,000
Municipal State Aid Funds
1,127,000
224,000
553,000
593,000
2,497,000
Street Overlays
15- 43100 -06
1 600,000
600,000
Assessments
150,000
150,000
Road 8 Bridge Funds
450,000
450,000
Annual Street Reconstruction
16- 43100 -01
1
662,000
1,204,000
636,000
996,000
3,498,000
Assessments
190,000
301,000
159,000
249,000
899,000
Road& Bridge Funds
47 ;000
903,000
477,000
747,000
2,599,000
Intersection Upgrades
16- 43100 -02
1
675,000
285,000
960,000
Municipal State Aid Funds
675,000
285,000
960,000
Replacement - One Ton Truck w/ Plow #132
16- 43100 -03
1
75,000
75,000
Equipment Bond
75,000
75,000
Replacement- Dump truck w/ Snow removal #196
17- 43100 -01
1
210,000
210,000
12
Department
Project#
Priority 2015
2016
2017
2018
2019
Total
Equipment Bond
210,000
210,000
Replacement - One Ton Truck w/ Plow #134
17- 43100 -02
1
75,000
75,000
Equipment Bond
75,000
75,000
Replacement- Dump Truck w/ snow removal #200
19- 43100 -01
1
220,000
220,000
Equipment Bond
220,000
220,000
Replacement - Dump Truck w/ Snow removal #201
19- 43100 -02
1
220,000
220,000
Equipment Bond
220,000
220,000
Replacement - Bobcat S185 #120
19- 43100 -03
1
50,000
50,000
Equipment Bond
50,000
50,000
Replacement - One Ton Truck w / Plow #133
19- 43100 -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- 48100 -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 -48100 -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 3,602,500 4,989,000 8,922,000 5,389,000 10,273,000 33,175,500
13
ANL6 6 W
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: March 2015 General Fund Budget Progress Report
DATE: April 28, 2015
INTRODUCTION
The City of Andover 2015 General Fund Budget contains total revenues of $9,876,575 and total
expenditures of $10,364,730 (includes $26,000 of 2014 budget carry forward); 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
2015, reflecting year to date actual through March 2015. The attachments are provided to
assist discussion in reviewing 2015 progress; other documents may be distributed at the
meeting.
The following represents Administration's directives and departmental expectations that are in place
again for 2015:
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,
CITY OF ANDOVER
General Fund Budget Summary Totals
Budget Year 2015
2014 2015
REVENUES Budget Mar YTD %Bud Final Budget Mar YTD %Bud
General Property Tax
$
7,501,816
$
-
0%
$
7,476,294
$
7,706,892
$ -
0%
Licenses and Permits
307,355
34,272
11%
364,430
316,588
83,289
26%
Intergovernmental
609,541
185,060
30%
697,493
633,015
199,300
31%
Charges for Services
685,900
113,716
17%
945,114
748,550
108,647
15%
Fines
100,750
16,109
16%
94,375
100,750
19,450
19%
Investment Income
75,000
(25,516)
-34%
144,876
75,000
(25,300)
-34%
Miscellaneous
91,850
62,452
68%
150,386
98,850
62,703
63%
Transfers In
196,930
196,930
100%
196,930
196,930
196,930
100%
Total Revenues
$
9,569,142
$
583,023
6%
$
10,069,898
$
9,876,575
$ 645,019
7 %-
2014
2015
EXPENDITURES
Budget
Mar YTD
%Bud
Final
Budget
Mar YTD
%Bud
GENERAL GOVERNMENT
Mayor and Council
$
86,840
$
40,644
47%
$
84,650
$
87,154
$ 41,772
48%
Administration
176,265
40,991
23%
169,219
180,888
40,918
23%
Newsletter
26,000
10,438
40%
20,974
26,000
7,138
27%
Human Resources
39,229
6,811
17%
18,039
40,156
6,513
16%
Attorney
178,300
44,107
25%
177,427
182,000
30,249
17%
City Clerk
129,400
32,463
25%
128,859
135,359
34,004
25%
Elections
55,336
1,904
3%
41,506
57,492
1,956
3%
Finance
235,459
66,421
28%
230,639
239,981
67,910
28%
Assessing
150,000
-
0%
142,210
150,000
-
0%
Information Services
176,629
30,976
18%
146,985
172,239
35,244
20%
Planning & Zoning
401,360
90,490
23%
387,309
412,937
98,833
24%
Engineering
465,656
109,031
23%
460,871
470,631
112,080
24%
Facility Management
562,905
108,794
19%
470,400
579,802
104,180
18%
Total General Gov _
2,683,379
583,070 -
- 22%
2,479,088
-
2,734,639
580,797
21%
PUBLICSAFETY
Police Protection
2,818,132
704,533
25%
2,818,132
2,918,308
729,577
25%
Fire Protection
1,127,389
208,488
18%
1,264,020
1,192,330
173,953
15%
Protective Inspection
401,295
94,947
24%
390,908
423,161
95,447
23%
Civil Defense
17,128
5,492
32%
21,837
39,189
4,958
13%
Animal Control _
9,950
881
9%
4,026
9,950
568
6%
Total Public Safety -
-
4,373,894.
1,014,341
23 %°
4,498,923.
4,582,938.
1,004,503
:. 22%
PUBLIC WORKS
Streets and Highways
604,078
105,588
17%
600,315
625,664
131,894
21%
Snow and Ice Removal
517,949
296,672
57%
637,153
539,770
189,194
35%
Street Signs
197,274
41,630
21%
186,587
203,533
45,395
22%
Traffic Signals
35,000
4,385
13%
34,902
35,000
4,073
12%
Street Lighting
36,400
4,621
13%
32,646
36,400
5,169
14%
Street Lights - Billed
210,000
34,540
16%
201,538
216,000
29,717
14%
Park & Recreation
1,122,426
177,990
16%
1,005,573
1,185,338
223,830
19%
Recycling
131,147
18,015
14%
113,901
135,120
19,308
14%
Total Public Works
- .2,854,274
- 683,441
24%
2,812,615
2,976,825
648,580
22 %.
OTHER
Miscellaneous
36,828
19,580
53%
28,685
31,728
15,328
48%
Youth Services
52,500
23,500
45%
52,500
38,600
16,000
41%
Total Other _. _.
89,328
43,080
_48%
81,185:
70,328-
-- 31,328
45%
Total Expenditures
$' `..10,000,875
$
- 2,323,932
23%
S
9,871,811
$
10,364,730
$ 2,265,208
22 %°:
NET INCREASE (DECREASE)
$
(431,733)
$
(1,740,909)
$
198,087
$
(488,155)
$ (1,620,189)
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: March 2015 City Investments Review
DATE: April 28, 2015
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 March 2015, the March 2015
Investment Detail Report, and the March 2015 Money Market Funds Report. These
attachments are intended to assist with discussion when reviewing the March 2015
investments.
ACTION REQUESTED
The Council is requested to receive a presentation and provide feedback to staff.
ted,
Investment Maturities - March 2015
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
$ 1,177,015
$ 1,177,015
$
$
$
MN Municipal Money
Market Fund (4M)
N/A
4,993
4,993
-
-
Certificates of deposit
FDIC
9,001,664
5,434,004
3,066,259
501,401
Local governments
A/A1/A2
767,426
101,116
560,457
-
105,853
AAl /AA2 /AA3
7,992,393
1,864,328
3,594,592
2,019,652
513,821
AAA
4,163,674
1,163,062
2,185,110
426,460
389,042
State governments
A/Al /A2
437,400
207,656
-
229,744
-
AAl /AA2 /AA3
934,027
238,562
312,855
382,610
AAA
647,081
76,037
549,397
21,646
-
U.S. agencies
AAA
3,422,861
439,651
2,260,758
504,173
218,279
FNMA REMIC
N/A
13,352
-
13,352
-
U.S. agencies
N/A
756,839
756,839
-
Total investments
$ 29,318,723
$ 10,706,425
$ 13,299,618
$ 4,085,685
$ 1,226,995
Deposits
1,956,402
Total cash and investments
$ 31,275,125
March 2015 Investment Detail
Description
Cusip Number
Credit
'Type
Rating
Purchase Price
Carrying Cost
Maturity Amount
Interest
Rate
Current Market
Value
e e Pard
Date
Acquired
Coupon
Date
Maturity)
Due Date`
Everbank/Jacksonville FL
29976DUL2
CD
249,000.00
249,000.00
249,000.00
0.450%
249,000.00
maturity
12129/14
none
04102/15
Integrity Bank PA
45824ABR6
CD
249,000.00
249,000.00
249,000.00
0.200%
249,002.49
maturity
12/17/14
none
04/17/15
First Source Bank
33646CEG5
CD
249,000.00
249,000.00
249,000.00_
0.300%
249,017.43
maturity
12123/14
none
04/23/15
First Virginia Cmnty Bank
337478AZ4
CD
249,000.00
249,000.00
249,000.00
0.200%
249,007.47
monthly
12/30/14
01/30/15
04/30/15
Passumpsic Savings Bank
70285TAR6
CD
249,000.00
249,000.00
249,000.00
0.250%
249,019.92
maturity
12/17/14
none
05/18/15
Homestreet Bank
43785QGB3
CD
249,000.00
249,000.00
249,000.00
0.350%
249,059.76
maturity
12/15/14
01/15/15
06/15/15
First Niagara Bank NY
33583CLJ6
CD
249,000.00
249,000.00
249,000.00
0.300%
249,034.86
maturity
12/16/14
none
06/16/15
Bank of Baroda
06062AZP7
CD
249,000.00
249,000.00
249,000.00
0.350%
249,059.76
maturity
12/23/14
none
06/23/15
Essa Bank & Trust
29667RLY7
CD
249,000.00
249,000.00
249,000.00
0.250%
249,007.47
maturity
12/23/14
none
06/23/15
Bank of India NY
06278CG66
CD
249,000.00
249,000.00
249,000.00
0.350%
249,059.76
maturity
12124/14
none
06/24/15
Santander Bank NA
80280JCQ2
CD
249,000.00
249,000.00
249,000.00
0.450%
249,112.05
maturity
12/24/14
none
06/24/15
Safra National Bank
78658QJX2
CD
249,000.00
249,000.00
249,000.00
0.300%
249,029.88
maturity
12/30/14
none
06/30/15
Compass Bk Birmingham
20451PKK1
CD
249,000.00
249,000.00
249,000.00
0.300%
249,024.90
maturity
12/19/14
12/11/14
07/13/15
Garrett State Bank
366526AJO
CD
200,000.00
200,000.00
200,000.00
1.750%
200,846.00
monthly
05/20/11
06/20/11
07/20/15
Paragon Commercial Bank
69911Q4D4
CD
249,000.00
249,000.00
249,000.00
0.300%
248,917.83
maturity
12/19/14
none
09/14/15
First Merit Bank (Ohio)
320844PHO
CD
249,000.00
249,000.00
249,000.00
0.250%
248,855.58
maturity
03/17/15
none
09/17/15
Flushing Savings Bank
34403ODK4
CD
250,023.39
250,023.39
249,000.00
1.750%
251,355.54
monthly
07/25/11
none
10/29/15
Portage County Bank
73565NAZ6
CD
249,000.00
249,000.00
249,000.00
1.650%
251,395.38
monthly
07/25/11
none
11/03/15
Mizuho Bank
60688MKQ6
CD
249,000.00
249,000.00
249,000.00
0.350%
249,052.29
maturity
03/11115
none
12/11/15
Sterling Savings Bank
859532AH6
CD
248,000.00
248,000.00
248,000.00
0.750%
248,949.84
semi - annual
07/31/13
01/31/14
01/29/16
Pacific Western Bank
69506YCG2
CD
249,000.00
249,000.00
249,000.00
0.400%
248,606.58
maturity
03/06115
none
03/04/16
Beal Bank
Trenton NJ
Chaska MN
Pell City AL
Ramsey MN
07370WNF9_
8951302Y7
161664DT1
705880ML3
CD
249,000.00
249,000.00
249,000.00_
0.400%
248,589.15
maturity
03/11/15
none
0_3/09/16
_
A2
local
101,277.00
101,277.00
100,000.00
4.500%
101,116.00
semi - annual
03/24/15
none
07/15115
AA
local
71,663.20
71,663.20
70,000.00
2.000%
70,791.70
semi- annual
08/15/13
06/01/14
12/01115
AA-
local
100,000.00
100,000.00
100,000.00
1.200%
100,197.00
semi- annual
04/25112
08/01112
08/01/15
751813QE9
AA+
local
176,289.75
176,289.75
175,000.00
1.000%
175,211.75
semi - annual
06/05/12
12/01/12
06/01/15
Minneapolis Minn
60374YP35
AA1
local
21,269.40
21,269.40
20,000.00
3.250%
20,536.00
semi - annual
08/02/11
none
03/01/16
Waunakee WI
943181NZ6
AA2
local
55,000.00
55,000.00
55,000.00
1.500%
55,050.05
semi- annual
11/08/11
05/01/12
05/01/15
Waterloo IA
941647NW5
AA2
local
261,334.20
261,334.20
255,000.00
2.000%
255,759.90
semi - annual
06/27/13
12/01/13
06/01/15
Riley Cnty Kans Uni Sch Dist
766651NP4
AA2
local
36,876.00
36,876.00
35,000.00
4.730%
35,644.00
semi - annual
05/05/14
03/01/10
09/01/15
Western Lake Superior MN
958522WQ3
AA2
local
101,790.00
101,790.00
100,000.00
2.000%
100,869.00
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%
203,684.00
semi - annual
04/07/14
06/01/11
12/01/15
Plainfield III
AA2
local
79,373.25
79,373.25
75,000.00
3.000%
76,383.75
semi - annual
12/27/12
none
12/15/15
Duluth Minn ISD #709
_726243LT3
264474CK1
AA2
local
74,939.20
74,939.20
70,000.00
4.000%
71,358.00
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%
105,526.05
semi - annual
12/05/12
08/01/13
02/01/16
Keller TX ISD Zero Coupon
487694DW8
AA2
local
249,000.00
249,000.00
250,000.00
249,077.50
maturity
03/24/15
none
02/15/16
Rowlett TX
7796986H7
AA2
local
101,905.55
101,905.55
95,000.00
3.000%
97,194.50
semi - annual
07/10/12
08/15/12
02/15/16
SouthEastern IA Cmnty College
841625MC7
AA3
local
149,060.00
149,060.00
145,000.00
2.000%
145,413.25
semi - annual
07/26/12
none
06/01/15
East Bethel Minn
271074HRO
AA3
local
100,941.00
100,941.00
100,000.00
3.200%
101,632.00
semi - annual
12115/10
08/01/11
02/01116
Cook Cnty IL Cmnty Clg Dist #5
216129FD3
AAA
local
196,228.20
196,228.20
190,000.00
2.000%
190,570.00
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%
201,838.00
semi - annual
03/14/11
none
06/01/15
Johnson Cnty, KS
47870OJ99
AAA
local
257,290.00
257,290.00
250,000.00
2.000%
252,217.50
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%
100,869.00
semi - annual
10/01/12
04/01/13
10/01/15
Hinsdale 1L
433416LW2
AAA
local
118,011.85
118,011.85
115,000.00
2.000%
116,337.45
semi- annual
04/23/14
12/15/14
12/15/15
5,434,003.94 CD
March 2015 Investment Detail
Description
Cusip Number
Credit
Rating
Type
Purchase Price
Carrying Cost
Maturity Amount
Interest
Rate
Current Market
Value
n e st P.ai
Date
Acquired
Coupon
Date
Maturity)
Due Date
Three Rivers MN Park Dist
885718GG5
AAA
local
210,828.00
210,828.00
200,000.00
3.000%
204,632.00
semi- annual
12/12/13
08/01/14
02/01/16
Richardson TX
763227EC5
AAA
local
98,031.45
98,031.45
95,000.00
3.150%
96,597.90
semi - annual
11/12/14
none
02/15/16
Illinois State
452152HR5
A3
state
217,312.00
217,312.00
200,000.00
4.961%
207,656.00
semi - annual
07/16/12
09/01/11
03/01/16
Minnesota State
604129WS1
AA1
state
225,566.00
225,566.00
220,000.00
5.000%
223,581.60
semi - annual
01/21/15
none
08/01/15
Oregon School Boards Assn Zero Cpn
686053CE7
AA2
state
14,233.50
14,233.50
15,000.00
14,980.80
maturity
02/08112
none
06130/15
Texas State
882722,28
AAA
state
80,158.50
80,158.50
75,000.00
3.000%
76,037.25
semi - annual
03/28/12
04/01/12
10101/15
Fed Farm Credit Bank
3133EA6K9
AAA
US
200,000.00
200,000.00
200,000.00
0.410%
200,136.00
semi- annual
10/29/12
04/29/13
10/29/15
Fed Home Ln Mtg Corp Zero Cpn
3134A1HH6
AAA
US
239,277.60
239,277.60
240,000.00_
239,515.20
maturity
12/04/14
none
12/01/15
9,524,417.09
Lake Forest Bank & Trust
509685ES8
CD
200,000.00
200,000.00
200,000.00
0.850%
201,312.00
semi - annual
08114/13
02/14/14
08/15/16
Luana Savings Bank
549103MY2
CD
248,000.00
248,000.00
248,000.00
0.750%
249,832.72
semi - annual
08/16/13
02/16/14
08/16/16
Synovus Bank GA
87164DFL9
CD
248,000.00
248,000.00
248,000.00
0.800%
248,391.84
semi - annual
09/10114
03104/15
09/06/16
Valley Cent Svgs Bk Reading OH
91944RAE8
CD
150,000.00
150,000.00
150,000.00
1.250%
150,016.50
monthly
12/22/14
01/22/15
12/22/17
NCB Savings Bank FSB
628825JN2
CD
100,000.00
100,000.00
100,000.00
1.500%
100,330.00
semi - annual
07/25/14
01/25/15
07/25/18
Barclays Bank
06740KH66
CD
247,000.00
247,000.00
247,000.00
2.050%
249,111.85
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%
248,934.01
semi - annual
07/11/14
01/11/15
07/11/19
Private Bank &Trust Co
74267GUQ8
CD
247,000.00
247,000.00
247,000.00
2.000%
248,842.62
semi - annual
07/21/14
01/21/15
07/22/19
Goldman Sachs Bank USA
38147JU59
CD
247,000.00
247,000.00
247,000.00
2.050%
248,425.19
semi-annual,
01/23/15
07/23/19
Bangor Savings Bank
060243DVJ
CD
245,000.00
245,000.00
245,000.00
1.000%
245,127.40
semi - annual
07/30/14
01/30/15
07/30/19
Victory Bank
92644LAB8
CD
247,000.00
247,000.00
247,000.00
2.000%
248,267.11
semi - annual
09/24/14
03/24/15_
09/24/19
Third Federal Sav & Loan
Celtic Bank
Stearns Bank NA
Elbow Lake MN
88413QAW8
15118RJMO
857894PB9
CD
128,000.00
128,000.00
128,000.00
2.000%
128,910.08
semi - annual
11/24/14
05124/15
11/25/19
_
CD
247,000.00
247,000.00
247,000.00
2.050%
250,186.30
semi - annual
12/20/13
06/20/14
12/20/19
CD
247,000.00
247,000.00
247,000.00
1.000%
248,570.92
semi - annual
12/26/14
06/26/15
12/26/19
284281KC5
A
local
170,045.70
170,045.70
165,000.00
2.750%
172,182.45
semi - annual
12/08/14
none
12/01/19
Oshkosh Wis Storm Wtr Util
68825RBD1
Al
local
101,003.00
101,003.00
100,000.00
3.250%
104,473.00
semi - annual
10/05/10
05/01/11
05/01/18
Oneida County NY
6824543R2
Al
local
114,388.00
114,388:00
100,000.00_
6.250%
108,245.00
semi- annual
08/16/10
none
04/15/19
Junction City Kansas
481502F72
A2
local
101,558.00
101,558.00
100,000.00
5.500%
112,666.00
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%
41,708.80
semi- annual
02/08/12
none
04/01/19
Augusta ME
051411ND4
A3
local
22,500.00
22,500.00
20,000.00
5.250%
21,181.60
semi - annual
03/07/12
none
10101/17
Chaska MN
161664DU8
AA
local
76,434.00
76,434.00
75,000.00
2.000%
76,650.00
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%
104,706.00
semi-annual
09/20/13
none
02/01/17
Philadelphia PAAuthZero Coupon
71781LBJ7
AA
local
161,700.00
161,700.00
245,000.00
237,880.30
maturity
01/12/10
none
04115/17
Rice Cnty MN
762698GK8
AA
local
45,466.80
45,466.80
40,000.00
4.400%
44,465.20
semi - annual
03107/12
none
02101/19
Racine WI
7500216D4
AA-
local
101,792.00
101,792.00
100,000.00
2.100%
102,992.00
semi - annual
01/24/12
06/01/12
06/01/18
Minnetrista MN
604229KE3
AA+
local
10,000.00
10,000.00
10,000.00
2.450%
10,009.50
semi - annual
10/10/13
08101/14
02/01/19
Ramsey MN
751813PB6
AA+
local
158,677.85
158,677.85
145,000.00
4.500%
149,595.05
semi - annual
02116/12
04/01/16
04/01/19
Des Moines IA Area Cmnty Col
250097A85
AA1
local
137,668.95
137,668.95
135,000.00
1.375%
136,408.05
semi - annual
07/30/12
12/01/12
06/01/16
Osseo MN ISD #279
688443J27
AA1
local
30,103.25
30,103.25
25,000.00
6.000%
27,338.25
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%
103,491.00
semi - annual
07/16/12
none
12/01/17
Minneapolis MN
60374YF93
AA1
local
220,938.00
220,938.00
200,000.00
4.000%
217,574.00
semi - annual
03/04/14
none
03/01/18
King Cnty WA
49474E3L5
AA1
local
224,634.00
224,634.00
200,000.00
3.980%1
217,040.00
semi- annual
03/27/12
none
12/01/18
Minneapolis MN
60374YS73
AA1
local
111,898.00
111,898.00
100,000.00
3.250%
107,623.00
semi - annual
06/05/12
12/01/11
12/01/18
Cedar Rapids IA
150528RM1
AA1
local
217,672.00
217,672.00
200,000.00
3.0000/o
212,640.00
semi - annual
06/11/13
12/01/13
06/01/19
3,128,506.30 local
522,255.65 state
439,651.20 US
Less Than 1 Year
3,066,258.54 CD
March 2015 Investment Detail
Description
Cusip Number
Credit
Rating
Type
Purchase Price
Carrying Cost
Maturity Amount
Interest
Rate
Current Market
Value
=Pa�
Date
Acquired
Coupon
Date
Maturity 1.
Due Date
Minneapolis MN
60374YS81
AA1
local
278,632.50
278,632.50
250,000.00
3.500%
272,172.50
semi - annual
02/26/13
none
12/01/19
Buffalo MN ISD #877
119655PS1
AA2
local
264,250.00
264,250.00
250,000.00
4.050%
264,737.50
semi- annual
03/10/15
none
02/01/17
Waterloo IA
941647KE8
AA2
local
105,594.00
105,594.00
100,000.00
3.500%
105,094.00
semi - annual
02/24/15
none
06/01/17
Hopkins Minn ISD #270
439881HCO
AA2
local
95,278.40
95,278.40
80,000.00
5.250%
88,751.20
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%
107,699.00
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%
259,368.00
semi - annual
08/05/10
02/01111
02/01/19
Waterloo IA
941647PAl
AA2
local
50,559.50
50,559.50
50,000.00
2.000%
51,145.00
semi - annual
06/27/13
12/01/13
06/01/19
Western Lake Superior MN
958522WU4
AA2
local
100,000.00
100,000.00
100,000.00
3.150%
105,765.00
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%
304,782.20
semi - annual
07/17/13
02/01/14
02/01/20
Kane McHenry Cook & De Kalb Zero Cpn
484080MB9
AA3
local
157,328.00
157,328.00
200,000.00
183,230.00
maturity
07/16/12
none
12/01/18
Moorhead MN
6161412R7
AA3
local
108,820.00
108,820.00
100,000.00
3.800%
103,435.00
semi - annual
11/14/11
none
02/01/20
Maple Grove MN
56516PNY5
AAA
local
230,520.40
230,520.40
220,000.00
2.000%
224,441.80
semi - annual
01110/13
08/01/13
02/01/17
Ramsey Cnty MN
751622JG7
AAA
local
100,000.00
100,000.00
100,000.00
1.130%
100,295.00
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%
93,756.70
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%
120,576.35
semi - annual
07/01/10
01/01/11
01/01/18
Saint Louis Park MN
79174OWC3
AAA
local
112,114.00
112,114.00
100,000.00
3.850%
107,405.00
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
235,687.50
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%
36,436.05
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%
246,490.20
semi - annual
07/06/11
none
06/01/19
Tenn Val Auth Cpn Strip Zero Cpn
88059EWZ3
AAA
local
262,890.00
262,890.00
300,000.00
279,687.00
maturity
12/27/13
none
06/15/19
Norwalk Conn
668844DS9
AAA
local
122,464.80
122,464.80
120,000.00
4.050%
127,060.80
semi - annual
08/04/1_0_
08/01/11
08/01/19
Greensboro NC
39546OV21
AAA
local
366,832.80
366,832.80
360,000.00
3.263%
380,901.60
semi - annual
07/15/11
none
10/01/19
Woodbury MN
Dallas TX lndpt Sch Dist _
97913PCQ7
AAA
local
123,037.35
123,037.35
115,000.00
3.250%
119,486.15
semi - annual
12/22/11
none
02/01/20
235308QK2_
AAA
local
116,900.00
116,900.00
100,000.00
4.450%
112,886.00_
semi- annual
04/16/12
08/15/11
02/15/20
Washington State
939758DL9
AA
state
205,804.00
205,804.00
200,000.00
4.500%
217,242.00
semi - annual
01/24/12
04/01/12
10/01/18
Oregon State
68608URVO
AA1
state
70,194.60
70,194.60
70,000.00
0.890%
70,414.40
semi - annual
07/29/14
08/01/13
08/01/16
Mississippi State
605581BV8
AA2
state
25,000.00
25,000.00
25,000.00
1.116%
25,198.25
semi - annual
09/12/13
none
12/01/16
Texas State
882723BT5
AAA
state
211,414.00
211,414.00
200,000.00
4.000%
209,920.00
semi - annual
01/14/15
none
08101/16
Tennessee State
880541QM2
AAA
state
201,894.00
201,894.00
200,000.00
2.326%
207,022.00
semi - annual
10/26/11
02/01/12
08/01/17
Georgia State
373384ROl
AAA
state
26,742.50
26,742.50
25,000.00
2.970%
26,596.25
semi- annual
02/08/12
none
10/01/18
Texas State
882722,151
AAA
state
103,089.00
103,089.00
100,000.00
2.894%
105,859.00
semi - annual
08/10111
04101/12
10/01/18
Fed Home Ln Mtg Corp
3134G4YD4
AAA
US
200,084.00
200,084.00
200,000.00
0.500%
200,000.00
semi - annual
07/15114
10/01/14
04/01116
Fed Farm Credit Bank
3133EATE8
AAA
US
99,647.00
99,647.00
100,000.00
0.900%
100,268.00
semi- annual
11/04113
12/08/12
06/08/17
Fed Nall Mtg Assn
3136GOS69
AAA
US
250,000.00
250,000.00
250,000.00
0.600%
249,602.50
semi - annual
07/22/14
04/30/13
10/30/17
Fed Home Ln Bank
313OA1AX6
AAA
US
75,000.00
75,000.00
75,000.00
1.300%
75,063.00
semi - annual
03/27/14
09/27/14
12/27/17
Fed Natl Mtg Assn
3136G16E4
AAA
US
224,325.00
224,325.00
225,000.00
0.600%
225,144.00
semi - annual
07/11/14
none
12/28/17
Fed Natl Mtg Assn
3136G1AJ8
AAA
US
200,000.00
200,000.00
200,000.00
0.700%
199,422.00
semi - annual
01/30/13
07/30/13
01/30/18
Fed Farm Credit Bank
3133ECFA7
AAA
US
100,000.00
100,000.00
100,000.00
1.080%
99,544.00
semi - annual
02/13/13
08/13/13
02/13/18
Fed Home Ln Mtg Corp
3134G46D5
AAA
US
198,000.00
198,000.00
200,000.00
1.200%
199,612.00
semi - annual
06/12/13
12/12/13
06/12/18
Fed Home Ln Mtg Corp Mad Term Note
3134G3ZK9
AAA
US
200,000.00
200,000.00
200,000.00
1.200%
200,866.00
semi - annual
07/30/12
01/30/13
07/30/18
Fed Farm Credit Bank
31331Y4S6
AAA
US
114,000.00
114,000.00
100,000.00
5.050%
112,731.00
semi- annual
09/11/13
none
08/01/18
Fed Natl Mtg Assn
3136GORB9
AAA
US
294,999.00
294,999.00
300,000.00
1.375%
300,663.00
semi - annual
12/05/13
12/28/12
12/28/18
Fed Natl Mtg Assn
3136GOY70
AAA
US
199,300.00
199,300.00
200,000.00
1.080%
198,066.00
semi- annual
10/30/12
01/30/13
01/30/19
Fed Farm Credit Bank
3133EC5NO
AAA
US
99,587.00
99,587.00
100,000.00
1.250%
99,776.00
semi - annual
01/07/13
03/04/13
03104/19
6,340,158.75 local
862,251.90 state
March 2015 Investment Detail
Description
Cusip Number
Credit'
Rating
Type
Purchase Price
Carrying
in Cost
y Amount
Maturity Amot
Interest
Rate
Current Market
Value.
001 ar
Date
Acquired
Coupon
Date
Maturity I
Due Date
Fed Nall Mtg Assn Remic
31393EAL3
US
204,187.50
13,087.48
12,819.09
4.500%
13,352.24
monthly
07/30/03
none
08/25/18
FICO Strip Prn -4 Zero Coupon
31771EAD3
US
194,572.00
194,572.00
200,000.00
195,408.00
maturity
03/16/15
none
10/06/17
FICO Strip Cpn -E Zero Coupon
31771JXM7
US
215,452.16
215,452.16
224,000.00
217,938.56
maturity
12/11/14
none
11/02/17
FICO Strip Cpn Zero Coupon
31771EAA9
US
236,235.00
236,235.00
250,000.00
241,732.50
maturity
06/09/14
none
05/11/18
Fed Home Ln Mtg Corp
31393VMQ1
US
153,656.25
7,100.81
6,931.82
4.500%
7,198.97
monthly
06/30/03
06/15/18
FICO Strip Cpn13 Zero Coupon
31771C2G9
US
93,140.00
93,140.00
100,000.00
94,561.00
maturity
12/29/14
none
12/27/18
13,299,617.96
Citizens Alliance Bank
17318LAP9
CD
249,000.00
249,000.00
249,000.00
2.000%
250,733.04
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%1
250,668.30
monthly
07/18/14
08/18/14
07/20/20
Chaska MN
1616636S3
AA
local
115,122.70
115,122.70
110,000.00
4.000%
116,077.50
semi - annual
09/08/14
none
02/01124
Mitchell SD Sch Dist #17 -2
606687EHO
AA
local
116,702.00
116,702.00
100,000.00
6.000%
112,989.00
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%
263,850.00
semi - annual
04/17/13
none
06/01/20
MinnetristaMN
604229KG8
AA+
local
161,038.40
161,038.40
160,000.00
3.100%
160,161.60
semi - annual
10110/13
08/01/14
02/01/21
Greenway MN ISD #31
39678LDF6
AA+
local
27,593.50
27,593.50
25,000.00
5.000%
28,026.75
semi - annual
07/09/13
none
03/15/21
Minnetrista MN
604229KJ2
AA+
local
40,000.00
40,000.00
40,000.00
3.850%
40,048.40
semi - annual
10/10/13
08/01/14
02101/23
Savage Minn
80465PAN4
AA+
local
198,018.00
198,018.00
200,000.00
4.800%
214,684.00
semi - annual
06/17/10
02/01111
02/01/24
Lake City Minn ISD #813
508084DW7
AA+
local
103,933.00
103,933.00
100,000.00
5.000%
107,348.00
semi - annual
none
02/01/25
Middleton WI
596782RX2
AA1
local
106,979.00
106,979.00
100,000.00
3.750%
106,844.00
semi - annual
_05111/11
02/24/15
none
09101/20
Des Moines IA Area Cmnty Col
2500971-121
AA1
local
50,606.00
50,606.00
50,000.00
2.450%
51,802.00
semi- annual
11/10/14
12/01/14
06/01/21
Minneapolis MN
60374YG68
AA1
local
110,419.00
110,419.00
100,000.00
4.700%
110,069.00
semi - annual
10/31/11
none
03/01/23
Minneapolis MN
Alexandria MN ISD #206
Duluth MN
Davenport Iowa
60374YG76
AL _
local
72,201.35
72,201.35
65,000.00
4.800%
71,660.55
semi - annual
12/09/14
none
03/01/24
02/01/23
02/01/25
015131LQ6 _
264438ZL9
238388GS5
966204KA6
_ AA2
local
279,760.50
279,760.50
270,000.00
3.000%
277,603.20
semi - annual
01/21/15
none
AA2
local
29,767.20
29,767.20
30,000.00
2.625%
29,563.50
semi - annual
12/05/12
08/01/13
AA3
local
111,948.00
111,948.00
100,000.00
4.650%
106,827.00
semi - annual
09/13/11
none
06/01/20
Whitewater Wis
AA3
local
109,541.00
109,541.00
100,000.00
4.850%
114,387.00
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%
107,710.00
semi - annual
03/13/12
none
05/01/24
Tenn Valley Auth Zero Cpn
88059EHD9
AAA
local
263,970.00
263,970.00
300,000.00
274,107.00
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
90,823.00
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%
20,870.80
semi - annual
11/19/12
none
01101/21
Columbus OH
199492CS6
AAA
local
39,956.40
39,956.40
40,000.00
2.133%
40,658.80
semi - annual
02/20/15
none
12/01/21
Florida St Dept Environmental
3416OWUAO
Al
state
217,800.00
217,800.00
200,000.00
6.206%
229,744.00
semi- annual
08/30/10
07/01/10
07/01/22
Massachusetts State
57582P2T6
AA1
state
199,744.00
199,744.00
200,000.00
2.090%
204,700.00
semi - annual
12/17/14
11/01/14
05/01/20
Minnesota St Hsg Fin Agy Taxable
60415NE24
AA1
state
75,562.50
75,562.50
75,000.00
6.300%
76,879.50
semi- annual
07/27/06
01/01/07
07/01/23
Minnesota St Colleges & Univ
60414FPJ3
AA2
state
100,000.00
100,000.00
100,000.00
2.000%
101,030.00
semi - annual
02/26/15
10/01/15
10/01/20
Virginia State
928109XD4
AAA
state
22,126.00
22,126.00
20,000.00
4.100%
21,646.40
semi - annual
02/07/12
none
06/01/21
Fed Farm Credit Bank
3133ECQ64
AAA
US
191,812.00
191,812.00
200,000.00
1.740%
199,886.00
semi - annual
07/23/13
11/21/13
05/21/20
Fed Home Ln Mtg Corp
3128X4S36
AAA
US
105,712.00
105,712.00
100,000.00
5.400%
104,675.00
semi - annual
01/26/15
none
03/17/21
Fed Home Ln Bank
31338031-18
AAA
US
200,000.00
200,000.00
200,000.00
1.500%
199,612.00
semi - annual
07/30/12
01130/13
07/30/24
4,085,685.34
Itasca County Minn
465452GP9
A
local
105,024.00
105,024.00
100,000.00_
5.550%1
105,853.00
semi - annual
07/12/11
none
02/01/28
Milaca Minn ISD #912
598699NT9
AA+
local
106,941.00
106,941.00
100,000.00
5.650%
109,676.00
semi - annual
07/22/11
none
02/01/27
Will County IL Cmnty Zero Coupon
969078QM9
AA2
local
159,000.00
159,000.00
500,000.00
290,935.00
maturity 1
08/25/09
none
11/01/27
3,030,948.77 US
1- 5 Years
501,401.34 CD
2,446,111.10 local
633,999.90 state
504,173.00 US
5 - 10 Years
March 2015 Investment Detail
Description
Cusip Number
Credit
Rating,
Type
Purchase Price
Carrying Cost
Maturity Amount:
Interest
Rate
Current Market
Value
to es aid
Date
Acquired
Coupon
Date
Maturity/
Due Date
Van Buren Mich Public Schools
920729HD5
AA2
local
102,750.00
102,750.00
100,000.00
6.430%
113,210.00
semi - annual
07/17/09
11101/09
05/01/29
Tennessee Valley Auth Ser E
880591CJ9
AAA
local
121,500.00
121,500.00
100,000.00
6.750%
139,042.00
semi - annual
03/19/09
none
11/01/25
Ice Deposit - National Sports Center
none
local
250,000.00
250,000.00
250,000.00
250,000.00
maturity
02/06/08
none
01/01/26
Fed HomeLn Bank
313381D51
AAA
US
93,750.00
93,750.00
100,000.00
2.000%
91,781.00
semi - annual
12/23/14
none
11/23/27
Fed Farm Credit Bank
31331VLC8
AAA
US
106,030.45
106,030.45
100,000.00
5.250%
126,498.00
semi - annual
02/26/10
none
04/21/28
1,226,995.00
28,136,715.39
1,008,716.00 local
218,279.00 US
L0+ Years
INVESTMENT SCHEDULE - Money Market Funds
March 31, 2015
Description
Current Market
Value
YTD Interest
Wells Fargo
1 lWells Fargo Government Money Market Fund
$1,177,014.50 $85.26
4M
_L ]4M
1,892.52 -
4M PLUS
1 14M Plus
3,100.71 -
Grand Total Money Market Funds $1,182,007.73 $85.26
Updated: 411012015