HomeMy WebLinkAboutWK - September 22, 2015L T Y O F
OVE
1685 CROSSTOWN BOULEVARD N.W.. ANDUVER, MINNESUTA 553U4 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.AN DOVE RMN.GOV
City Council Workshop
Tuesday, September 22, 2015
Conference Rooms A & B
1. Call to Order — 5:30 p.m.
2. City Council Community Bus Tour - Engineering
3. 2016 Budget Development Discussion — Administration
4. Distribution & Discussion - 2016 Special Revenue, Debt Service, Capital Projects, Enterprise &
Internal Service Funds Budgets — Administration
5. Other Business
6. Adjournment
0
•
ND 01
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100
FAX (763) 755 -8923 • WWW.AN DOVE RMN.GOV
To: Mayor and Council Members
CC: Jim Dickinson, City Administrator
From: David D. Berkowitz, Director of Pubh Works /City Engineer
Subject: 2016 City Council Bus Tour- Engineering
Date: September 22, 2015
INTRODUCTION
A bus tour has been scheduled to review various proposed projects and development areas.
DISCUSSION
The projects and site locations on the tour include the following:
• Prairie Meadow /Sylvester Addition Proposed 2016 Street Reconstruction
• 173`d Lane (Langseth- Thrane I" & 2nd Addition Developments) State Aid Street
Reconstruction
• Timber Trails Park 2016 Proposed Park Renovation
• Timber Rivers Development Road Conditions and Timber River Park 2015 Renovation
• Catcher's Creek, Proposed Catcher's Creek 2nd Addition, Hickory Meadows 2nd
Addition Developments
• Prairie Knoll Park, parking issues
• Country Oaks North 2nd Addition Proposed Development
ACTION REQUESTED
This tour is for information sharing and no action is required.
/Res ectfully submitted,
David D. Berkowitz
Director of Public Works /City Engineer
C3)
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
2016 Budget Development Discussion
September 22, 2015
INTRODUCTION
The Council has had a number of reviews of the 2016 Proposed General Fund Budget that
will be supported by the 2016 Tax Levy. The Council did adopt at the September 1st regular
Council meeting a Preliminary 2016 General Fund Budget. The Preliminary 2016 Budget
proposes a total property tax levy of $11,593,925. $8,037,528 (69.33%) operational levy,
$2,100,413 (18.12 91o) debt service levy, and $1,455,984 (12.56%) capital/watershed levy. The
Council has the right to reduce or keep constant this levy until the final certification date of
December 28, 2015. The proposed levy will result in a 4.04 % increase in the gross tax levy.
The Preliminary 2016 Tax Levy is what will be used by Anoka County for proposed 2016
Property Tax Statements that will be mailed to property owners in November. This preliminary
levy is the highest levy the City can ultimately adopt in December, but the City does have the
ability to adopt a lesser levy.
At the workshop, City Administration will review progress being made on the 2016 Annual
Operating Budget Development process and will seek City Council direction on various items.
City Administration will review with the Council the bold italics items at the meeting.
DISCUSSION
The following are the 2016 Budget Development guidelines were adopted at the April 7th 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 a 4.36% increase in total taxable market value.
2) A fiscal goal that works toward establishing the General Fund balance for working capital at
no less than 45% of planned 2016 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 2015 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 are established to stabilize
an emergency situation, not be the complete solution. Staff will review with the Council an
attached 2014 -2015 General Fund Balance Analysis at the meetinz,
3) A commitment to limit the 2016 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 proposed 2016 debt levy is currently at 18.12% of the gross tax levy, 25%
provides a reasonable margin to accommodate a 2015 or 2016 Equipment Note and /or
Improvement Bond if it is determined that an additional debt issuance is needed. Staffwill
review with the Council at the meeting the attached City of Andover Debt Service Levy
Summary & Overall Debt Service Summary, in addition Staff will review long term
financial proformas at the meeting with the Council displaying how debt issuance impacts
future City rinances.
4) 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 has made
recommendations to the City Council as part of the 2016 -2020 Capital Improvement Plan
(CIP) development process. A "draft" 2016 -2020 CIP was presented to the Council at the
September Council workshop meeting.
5) 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 various financial indicators including growth factors, tax capacity valuations, per
capita spending and debt ratios. Staff will review long term financial proformas at the
meeting with the Council displaying how current decisions will impact future City
finances.
6) A team approach that encourages strategic planning to meet immediate and long -term
operational, staffing, infrastructure and facility needs.
Note: A strategic planning session was held with the City Council. The final Council
Community Vision and Organizational Goals and Values document was approved at the July
7, 2015 City Council meeting. Direction provided in that document is integrated into various
department work plans and budgets.
7) 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 a Council Community Vision and
Organizational Goals and Values document. 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 Requests:
A few new staffing requests were received from City Departments for the 2016 budget.
Administration reviewed requests from the Fire and Public Works Departments. The Fire
Department is struggling with day -time coverage and Public Works is seeking assistance for
street maintenance.
Administration has reviewed the requests, and while the requests have merit, Administration is
not recommending the addition of any new positions for the 2016 budget and is looking a
creative ways to utilize part-time staffing and scheduling to bridge the gap. A presentation on
Fire Department staffing was provided to the Council at the September 151h Council Workshop.
Personnel Related Implications:
To date the following are projected issues facing personnel related expenses:
1. Human Resources is continually reviews position -based salaries and our benefit package
in detail to determine if the total package is competitive with other government entities.
As part of the budget process, pay steps for eligible employees will be included in the
2016 budget proposal, a cost of living adiustment (COLA) for non - bargaining
employees is being explored, and $15,000 of market adiustment dollars are included in
the proposed budget (the City will need to comply with Pay - Equity requirements in
2016) . Also, the Public Works Union contract is in currently being negotiated
2. A midyear review of the health plan was conducted with our broker in July. It appears
that our health insurance renewal may be significantly impacted by the new
reguirements of the Affordable Health Care Act Historically the City of Andover was
able to negotiate rates as a large group, but the definition of large group has changed
with the new Affordable Health Care Act and may have negative implications on the
City's ability to negotiate as a large group. Administration is challenging the definition
with the carriers in an effort to continue to negotiate as large group. An increase of
25% in the health insurance budget is being carried in the proposed budget to
accommodate.
The City currently offers the employees the option of two high deductible plans ($5,000
family, $2,500 single for in network expenses, out of network expenses increase the out
of pocket costs to $7,500 family and $3,750 single) 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.
Contractual Departments:
1. Discussion for the 2016 City Attorney contract will indicate, if City employees are
granted a COLA, the legal service contract would be evaluated for an increase.
2. The 2016 City of Andover Law Enforcement Contract with the Anoka County Sheriff's
Office was approved at the September 15 City Council meeting. The 2016 budget for
the contract is $2,936,467 and is offset by a Police State Aid of $124,800 and School
Liaison revenue of $91,820 reflecting a net tax levy impact of $2,719,847.
The 2016 Sheriff's 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 2016 contract will maintain status quo service when compared to 2015. The 2016
contract reflects a 0.62% increase ($18.159) over the 2015 contract.
Council Memberships and Donations /Contributions:
The following memberships /contributions based on 2015 participation are proposed for the 2016
Budget:
• North Metro Mayors Association $13,709
• Metro Cities $ 9,301
• Mediation Services $ 3,366
• YMCA — Water Safety Program $ 8,500
• Alexandra House $18,328
• Youth First (Program Funding) $12,000
• NW Anoka Co. Community Consortium - JPA $10,000
• Teen Center Funding (YMCA) $24,500
• Family of Promise $ 3,000
• Lee Carlson Central Center for Family Resources $ 1,500
• Senior High Parties
• Hope For Youth
$ 1,000
$ 600
Council direction will be sought on how to budget for these items in 2016.
Capital Projects Levy:
Capital Projects Levy — Currently the proposed 2016 Capital Projects Levy Budget specifically
designates $1,415,984 of the general tax levy to capital projects and equipment needs relating to
Capital Outlay ($250,000), Road and Bridge ($1,089,146), Pedestrian Trail Maintenance
($61,838) and Park Projects ($15,000). 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 evaluated annually and along with Capital
Outlay, Pedestrian Trail Maintenance and Park Levies increased /decreased 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 levy 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 was to stop the decline in road
funding and evaluate annually through the adopted City Council Budget Development
Guidelines. It should be noted that in 2014. Local Government Aid (LGA) in the
amount of $74,655 was used to help fund the Road & Bridge Fund. That State of
Minnesota funding has largely gone away (down to $2,706) for 2015. Future
si ni scant increases in LGA for the City ofAndover are remote.
For 2016, the proposed levy to Roads is $1,089,146 a 9.39% increase over 2015,
recognizing the significant 2015 taxable market value increase and lost LGA.
The 2016 proposed levy to pedestrian trail maintenance is $61,838, a .53% increase
over 2015.
• 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 supplemental source of capital funding for park
projects that is separately identified in the City's Five -Year Capital Improvement Plan.
The 2015 levy is $61,500, but only $15,000 is proposed for 2016. $46,500 of the
Previous levy will be re- assigned to the General Fund to focus on Park's
maintenance /replacement item. In addition to the re- assigned funds an additional
$43,500 of General Fund levy will be assigned to Parks Repair /Replacement items for
a total levy of $90,000 proposed for 2016.
History of the supplemental Park Improvement Funding.
In 2002, City Council committed $50,000 in tax levy to underwrite park improvement
projects as recommended by the Park and Recreation Commission and approved by
City Councib That levy was intended to be a supplemental source of capital funding for
park projects as development started to slow down and minimal park dedication funds
were available. As of 2015, that levy was up to $61,500 of which $15,000 is designated
towards miscellaneous items that come up throughout the year.
New direction of the Funding:
With an emphasis on maintaining /preserving parks the City currently has, through the
2016 Preliminary Budget /Levy approved by the City Council, $46,500 was re- assigned
to the General Fund to focus on Park's maintenance /replacement items. The $15,000
will remain in the Park Improvement Fund to take care of miscellaneous items that
come up throughout the year that the Park and Recreation Commission will continue
to participate in. A total of $90,000 proposed 2016 tax levy ($46,500 combined with an
additional $43,500 of General Fund levy funding) will now be identified as part of the
General Fund levy to replace playground equipment, fences, pedestrian bridges in
parks, parking lot reconstruction, etc. The Parks Maintenance Department will
determine which replacement items have the highest priority through the Capital
Improvement Plan (CIP). Any unused funds will be specirically designated or carried
forward for park replacement items. If a park is to be reconstructed as recommended
by the Park and Recreation Commission and approved by City Council through the
CIP process, the Park and Recreation Commission will work with the Parks
Maintenance Department to determine which items are replacements and which items
are considered new and/or enhancements to determine the mix of funding sources to
accomplish the project.
• 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 2015 levy is
$250,000, the same is currently proposed for 2016
• Trails:
Administration would like to discuss with the Council the attached Trail Fund
Projected Fund Balance Analysis. The primary discussion point will be the number of
unfunded projects in the analysis and how to address the Trail Fund projected fund
balance deficits
Debt Service Levy:
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; we will continue to monitor
refunding opportunities, as markets can move quickly, and calculate potential savings for each
issue that may meet parameters which may generate savings.)
The proposed 2016 Debt Service levy is as follows:
• 2010A G.O. Open Space Referendum
$
186,291
• 2012A G.O. Equipment Certificate
$
142,885
• 2012B G.O. Capital. Imp. Refunding
$
498,435
• 2012C Taxable G.O. Abatement Bonds
$
977,332
• 2014 G.O. Equipment Certificates
$
287,345
Total $291009413
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 2016 Debt Service levy reflects a 1.67% decrease ($35,652).
Staff will review with the Council at the meeting the attached City of Andover Debt Service
Levy Summary,
ACTION REQUESTED
The Council is requested to receive a presentation and provide direction to staff.
1,
City of Andover, Minnesota
Property Tax Levy
Lower Rum River Watershed
Certified
Certified
Certified
Certified
Certified
Certified
Requested
Total Other
1,359,239
Change
1,390,891
1,336,968
2010
2011
2012
2013
2014
2015
2016
%of Total
10,843,925
$
11,593,925 100% $ 450,000 4.04%
Less Fiscal Disparities Distribution
1,521,663
General Fund Lew
1,791,496
1,798,577
1,718,153
1,846,295
1,846,295
Local Tax Rate Levy
$ 9,334,636
$ 8,970,107
$ 8,839,803
$ 8,832,722
$ 9,125,772
General Operations
$ 7,596,494
$ 7,500,802
$ 7,332,857
$ 7,332,857
$ 7,435,891
$ 7,630,892
$ 7,947,528
68.550/6
$
316,636
4.15%
Parks Repair /Replacement Items
-
-
E 8,938,489
$ 9,113,392
$ 9,561,339
Adjusted Tax Capacity Value"
90,000
0.78%
$
90,000
#DIV /01
24,496,024
25,643,439
Total General Fund
7,596,494
7,500,802
7,332,857
7,332,857
7,435,891
7,630,892
8,037,528
69.33%
$
406,636
5.33%
Debt Service Funds Lew
2004A G.O. Capital Improvement Bonds
368,418
412,320
405,292
381,290
-
-
-
2004 EDA Public Facility Revenue Bonds
934,203
960,858
1,092,684
452,082
181,803
-
-
2007A G.O. Equipment Certificate
208,000
-
-
-
-
-
-
2008A G.O. Equipment Certificate
171,410
188,972
2009A G.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
186,291
2011A G.O. Equipment Certificate
-
85,000
102,017
101,745
-
-
-
2012A G.O. Equipment Certificate
-
-
125,000
125,000
140,000
140,000
142,885
20128 G.O. Cap Improv Refunding Bonds
-
-
-
138,339
561,015
540,120
498,435
2012C Taxable G.O. Abatement Bonds
-
-
-
578,045
740,965
975,652
977,332
2014 G.O. Equipment Certificate
260,000
296,055
295,470
Total Debt Service
1,900,566
1,929,112
1,907,551
1,961,474
2,071,066
2,136,065
2,100,413
18.12%
$ (35,652)
Other Levies
Capital Projects Levy
Capital Equipment/Project
210,000
210,000
210,000
210,000
210,000
250,000
250,000
2.16 %
$
-
0.00%
Parks Projects
59,410
61,500
61,500
61,500
61,500
61,500
15,000
0.13%
$
(46,500)
- 75.61%
Road B Bridge
1,003,056
1,064,959
1,022,817
967,197
967,197
967,197
1,089,146
9.39%
$
121,949
12.61%
Pedestnan Trail Maintenance
51,773
54,926
56,574
58,271
58,271
58,271
61,838
0.53%
$
3,567
6.12%
Lower Rum River Watershed
35,000
35,000
40,000
40.000
40,000
40,000
40,000 0.35% $ 0.00%
Total Other
1,359,239
1,426,385
1,390,891
1,336,968
1,336,968
1,376,968
1,455,984 12.56% $ 79,016 5.74%
Gross City Levy
10,856,299
10,856,299
10,631,299
10,631,299
10,843,925
11,143,925
11,593,925 100% $ 450,000 4.04%
Less Fiscal Disparities Distribution
1,521,663
1,886,192
1,791,496
1,798,577
1,718,153
1,846,295
1,846,295
Local Tax Rate Levy
$ 9,334,636
$ 8,970,107
$ 8,839,803
$ 8,832,722
$ 9,125,772
$ 9,297,630
$ 9,747,630
Less Levy Based on Market Value
$ 87,797
$ 139,179
$ 182,558
$ 184,973
$ 187,283
$ 184,238
E 186,291
Net Local Tax Rate Levy
$ 9,246,839
$ 8,830,928
E 8,657,245
$ 8,647,749
E 8,938,489
$ 9,113,392
$ 9,561,339
Adjusted Tax Capacity Value"
$ 25,263,121
22,917,072
20,514,674
21,155,263
20,615,782
24,496,024
25,643,439
4.68%
'• Adjusted Value determined by adjusting for Fiscal Disparities and Tax Increment estimates.
•'• Blended rate due to the City ofAndover levying for Lower Rum River Watershed District
(1) Adjusted Tax Capacity Value is subject to change.
35.921%
- 3.447%
$ 100,000
0.90%
36.311%
- 2.399%
Change
% Change
Tax Capacity Rate-
36.602%
38.534%
42.200%
40.878%
43.358%
37.204%
37.286% 0.082%
0.221%
Tax Capacity Rate W/O LRRWSD
32.180%
36.484%
38.407%
42.090%
43.197%
37.046%
37.817%
1.649%
Tax Capacity Rate With LRRWSD
32.483%
36.814%
38.746%
42.539%
43.657%
37.437%
Rate Ch in Rate
Levy Ch in Levy
Voter Approved Ref - MV
0.00551%
0.00327%
0.00568%
0.00778%
0.00841%
0.00719%
35.531% - 4.496%
$ - 0.00%
'• Adjusted Value determined by adjusting for Fiscal Disparities and Tax Increment estimates.
•'• Blended rate due to the City ofAndover levying for Lower Rum River Watershed District
(1) Adjusted Tax Capacity Value is subject to change.
35.921%
- 3.447%
$ 100,000
0.90%
36.311%
- 2.399%
$ 200,000
1.79%
36.701%
- 1.351%
$ 300,000
2.69%
37.091%
- 0.303%
$ 400,000
3.59%
37.481%
0.746%
$ 500,000
4.49%
37.817%
1.649%
$ 586,332
5.26%
9/17/2015
City of Andover
General Fund
2015 Fund Balance Analysis
December 31, 2014
2015 Estimated Fund Balance Increase (Decrease)
Projected December 31, 2015
Less: Snow Emergency
Public Safety
Facility Management
Information Technology
2016 Budgeted Usage of Fund Balance
Economic Development
Prepaids / Inventories
Working Cash Flow
Estimated Balance Available for Adjustments
2015 Working Cash Flow Designation Calculation:
8/18/2015
Round 1
Actual
$ 7,202,134
(324,009)
6,878,125
(80,000)
(80,000)
(80,000)
(80,000)
(365,639)
(300,000)
(137,001)
(5,378,025)
$ 377,460
2016 Requested Expenditure $10,756,050
% of 2016 General Fund Expenditures 50.000%
$ 5,378,025
General Obligation Abatement Bonds
2012C G.O. Abatement Bonds
Transfer from Operations
Certificates of Indebtedness
2012A G.O. Equipment Certificates
2014 G.O. Equipment Certificates
2016 G.O. Equipment Certificates
Capital Improvement Bonds
2012B G.O. Cap Improvement Ref Bonds
CITY OF ANDOVER
Debt Service Levy Summary
2015 2016 2017 2018 2019 2020 2021 2022 2023
1,275,652.00 1,277,332.00 1,274,418.00 1,272,055.00 1,269,378.00 1,276,780.00 1,273,263.00 1,274,628.00 1,269,745.00
(300,000.00) (300,000.00) (300,000.00) (300,000.00) (300,000.00) (300,000.00) (300,000.00) (300,000.00) (300,000.00)
975,652.00 977,332.00 974,418.00 972,055.00 969,378.00 976,780.00 973,263.00 974,628.00 969,745.00
140, 000.00 142, 885.00
296,055.00 295,470.00 295,260.00 294,945.00 294,525.00
161, 678.00 159, 630.00 157, 004.00 159,154.00
436,055.00 438,355.00 456,938.00 454,575.00 451,529.00 159,154.00 -
540,120.00 498,435.00
Referendum Bonds
2010A G.O. Open Space Referendum Bonds 184,238.00 186,291.00 187,840.00 188,777.00 183,989.00 184,199.00 184,078.00
2,136,065.00 2,100,413.00 1,619,196.00 1,615,407.00 1,604,896.00 1,320,133.00 1,157,341.00 974,628.00 969,745.00
CITY OF ANDOVER
Debt Service Summary
Total Less
2016 2017 2018 2019 2020 2021 -2025 2026 -2030 2031 Payments Interest Total
Governmental Activities
General Obligation Abatement Bonds
2012C G.O. Abatement Bonds
1,216,506.26
1,213,731.26
1,211,481.26
1,208,931.26
1,215,981.26
6,058,200.05
6,044,746.90 1,218,000.00
19,387,578.25
(3,547,578.25)
15,840,000.00
Certificates of Indebtedness
2012A G.O. Equipment Certificates
61,200.00
540,350.00
-
-
-
- -
601,550.00
(16,550.00)
585,000.00
2014A G.O. Equipment Certificates
283,350.00
278,800.00
278,550.00
278,200.00
277,750.00
- -
1,396,650.00
(66,650.00)
1,330,000.00
344,550.00
819,150.00
278,550.00
278,200.00
277,750.00
-
- -
1,998,200.00
(83,200.00)
1,915,000.00
Capital Improvement Bonds
2012B G.O. Cap Improvement Ref Bonds
474,700.00
-
-
-
-
-
474,700.00
(4,700.00)
470,000.00
Referendum Bonds
2010A G.O. Open Space Referendum Bonds
173,942.50
175,657.50
176,841.25
177,507.50
172,827.50
345,526.25
-
1,222,302.50
(117,302.50)
1,105,000.00
2,209,698.76
2,208,538.76
1,666,872.51
1,664,638.76
11666,558.76
6,403,726.30
6,044,746.90 1,218,000.00
23,082,780.75
(3,752,780.75)
19,330,000.00
Business -Type Activities
General Obligation Revenue Bonds
20078 G.O. Water Revenue Refunding Bonds
744,546.26
742,146.26
743,846.26
739,646.26
739,546.26
2,218,666.89
- -
5,928,398.19
(873,398.19)
5,055,000.00
2009A G.O. Water Revenue Bonds
88,555.00
86,605.00
89,492.50
87,130.00
89,498.75
347,143.75
-
788,425.00
(123,425.00)
665,000.00
833,101.26
828,751.26
833,338.76
826,776.26
829,045.01
2,565,810.64
-
6,716,823.19
(996,823.19)
5,720,000.00
3,042,800.02
3,037,290.02
2,500,211.27
2,491,415.02
2,495,603.77
8,969,536.94
61044,746.90 1,218,000.00
29,799,603.94
(4,749,603.94)
25,050,000.00
Projected Sources of Revenue
Trail Fee $746 per unit
platted units
Trail Fee
Grant
Total Revenues Available
Projected Commitments
8' Bituminous Trail along Crosstown Blvd -
Coon Creek Bridge to S. Coon Creek Dr
5' Concrete Sidewalk along Bunker Lk Blvd -
Yukon St to Hidden Creek North Park
5' Concrete Sidewalk along Bunker Lk Blvd -
Crosstown Blvd to Yukon St
8' Bituminous Trail along Andover Blvd -
Bluebird St to Vale St
8' Bituminous Trail and Boardwalk along Crosstown Blvd -
Bunker Lk Blvd to 140th Ave
8' Bituminous Trail along Crosstown Blvd -
159th Ave to Prairie Road
10' Bituminous Trail along WDE site -
Kennsington Estates 7th Add. to Andover Station North
Total Commitments
Revenues Over(Under)Expenditures
Fund Balance as of December 31, 2014
Fund Balance Brought Forward
Ending 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.
CITY OF ANDOVER
Trail Fund
Projected Fund Balance
2015
2016
2017
2018
2019
2020
TOTALS
50
50
25
25
25
$ 37,300 $
37,300 $
37,300
$ 18,650
$ 18,650
$ 18,650
$ 167,850
-
-
-
-
245,000
245,000
37,300
37,300
37,300
18,650
263,650
18,650
412,850
118,000
118,000
52,000
52,000
187,000
187,000
144,000
144,000
460,000
460,000
280,000
280,000
245,000
245,000
-
357,000
144,000
460,000
525,000
-
$ 1,486,000
37,300
(319,700)
(106,700)
(441,350)
(261,350)
18,650
134,963
172,263
(147,437)
(254,137)
(695,487)
(956,837)
$ 172,263 $
(147,437) $
(254,137)
$ (695,487)
$ (956,837)
$ (938,187)
*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.
C I T Y O F
NDOVE
0
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
2016 Special Revenue, Debt Service, Capital Projects, Enterprise & Internal
Service Funds Budget Distribution & Discussion
September 22, 2015
The Council has had a number of reviews of the 2016 Proposed General Fund Budget that will
be supported by the 2016 Tax Levy. The Council did adopt at the September 1st regular
Council meeting a Preliminary 2016 General Fund Budget. The Preliminary 2016 Budget
proposes a total property tax levy of $11,593,925: $8,037,528 (69.33 %) operational levy,
$29100,413 (18.12 %) debt service levy, and $1,455,984 (12.56 %) capital/watershed levy.
The Council has the right to reduce or keep constant this levy until the final certification
date of December 28, 2015. The proposed levy will result in a 4.04 % 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 part these budgets are self explanatory, with the exception of the Community
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 part of the Capital Improvement Plan (CIP) Development process.
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 following funds:
1. Economic Development Authority Fund
2. Community Center
3. Charitable Gambling Fund
The Debt Service Funds (pgs 21 — 44) 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 45 — 72) 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 be discussing the Trail & Transportation fund with the Council, all other
funds will not be discussed in detail. These funds are the primary funds that facilitate the
annual Capital Improvement Plan (CIP).
The Enterprise Funds (pgs 73 — 80) 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 attached rate analysis
(pgs 87 -90) that facilitates the Enterprise Funds' annual Capital Improvement Plan
(CIP).
Internal Service Funds (pgs 81 — 86) 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.
led,
CITY OF ANDOVER, MINNESOTA
2016 ANNUAL BUDGET
SPECIAL REVENUE FUNDS
DEFINITION:
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.
City of Andover
Special Revenue Funds
2016 Budget Summary - All Special Revenue Funds
Statement of Revenues, Expenditures and Changes in Fund Balance
O
Fund Balance, January 1
Actual
1
Adopted
Estimate
Adopted
Description
2014
2015
2015
2016
Fund Balance, January 1
$ 407,587
$ 607,404
$ 607,404
$ 457,915
Revenues
Fund Balance, December 31
General Property Taxes
40,066
40,000
40,000
40,000
Intergovernmental
4,909
37,500
-
37,500
Charges for Services
722,462
617,800
666,700
671,700
Investment Income
12,592
7,500
5,500
7,500
Miscellaneous
900,330
820,900
842,000
805,500
Total Revenues:
1,680,359
1,523,700
1,554,200
1,562,200
Other Sources
Proceeds from Sale of Property
-
-
-
-
Total Revenues and Other Sources:
1,680,359
1,523,700
1,554,200
1,562,200
Total Available:
2,087,946
2,131,104
2,161,604
2,020,115
Expenditures
Personal Services
490,752
506,034
519,034
491,212
Supplies and Materials
97,916
78,870
104,285
85,570
Purchased Services
166,699
248,975
260,675
256,035
Other Services and Charges
448,408
491,397
448,097
481,597
Capital Outlay
29,774
14,000
-
56,000
Total Expenditures:
1,233,549
1,339,276
1,332,091
1,370,414
Other Uses
Transfers Out
246,993
371,598
371,598
371,598
Total Expenditures and Other Uses:
1,480,542
1,710,874
1,703,689
1,742,012
Fund Balance, December 31
$ 607,404
$ 420,230
$ 457,915
$ 278,103
City of Andover ( � )
Special Revenue Funds
Economic Development Authority Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
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
Fund Balance, December 31
$ 405,838
Actual
Adopted
Estimate
Adopted
1
Description
2014
2015
2015
2016
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
Fund Balance, December 31
$ 405,838
$ 380,792
$ 380,792
$ 240,843
36,622
15,600
20,000
20,000
10,677
5,000
5,000
5,000
5,868
-
-
-
53,167
20,600
25,000
25,000
53,167
20,600
25,000
25,000
459,005
401,392
405,792
265,843
48,502
53,149
53,149
22,894
11,235
18,200
18,200
18,900
8,477
78,750
78,750
78,800
9,999
14,850
14,850
14,850
7 8, 213
164,949
164,949
135,444
78,213
164, 949
164,949
135,444
$ 380,792
$ 236,443
$ 240,843
$ 130,399
Fund: Economic Development Authority
Activity Type /Code: Special Revenue
Expenditure HiQhliahts
2014, 2015 & 2016 includes funding for monument entrance signs.
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.
0
Department Head: City Administrator
General Activity Description
To provide for the quality development of commercial and industrial
properties to ensure a strong, viable and diversified tax base.
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover
Special Revenue Funds
Community Development Block Grant Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
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
Actual
Adopted
Estimate
Adopted
Description
2014
2015
2015
2016
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
25,000
25,000
25,000
- 25,000
- 25,000
- 25,000
- 25,000
- 25,000
25,000
25,000
- 25,000
- 25,000
Fund: Community Development Block Grant
Activity Type /Code: Special Revenue
Expenditure Hi¢hliahts
This was a new fund created in 2004 to track the Community Development Block
Grant (CDBG) Rental Rehab program. In 2016, additional grant monies will be
applied for to study areas that have access to city water but are not currently
hooked up.
0 1
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover
Special Revenue Funds
Community Center Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
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
$ (210,573) $ (48,364) $ (48,364) $ (31,432)
616,835
(6,582)
851,916
1,462,169
1,462,169
1,251,596
405,797
75,741
117,220
429,935
29,774
1,058,467
241,493
1,299,960
577,200
804,400
1,381,600
1,381,600
1,333,236
414,558
50,850
91,000
438,947
14,000
1,009,355
371,598
1,380,953
616,700
(2,000)
820,000
1,434, 700
1,434,700
1,386,336
427,558
82,765
115,200
420,647
1,046,170
371,598
1,417, 768
618,700
784,000
1,402,700
1,402,700
1,371,268
448,854
56,850
96,000
429,147
56,000
1,086,851
371,598
1,458,449
Fund Balance, December 31 $ (48,364) $ (47,717) $ (31,432) $ (87,181)
Actual
Adopted
Estimate
Adopted
Description
2014
2015
2015
2016
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
$ (210,573) $ (48,364) $ (48,364) $ (31,432)
616,835
(6,582)
851,916
1,462,169
1,462,169
1,251,596
405,797
75,741
117,220
429,935
29,774
1,058,467
241,493
1,299,960
577,200
804,400
1,381,600
1,381,600
1,333,236
414,558
50,850
91,000
438,947
14,000
1,009,355
371,598
1,380,953
616,700
(2,000)
820,000
1,434, 700
1,434,700
1,386,336
427,558
82,765
115,200
420,647
1,046,170
371,598
1,417, 768
618,700
784,000
1,402,700
1,402,700
1,371,268
448,854
56,850
96,000
429,147
56,000
1,086,851
371,598
1,458,449
Fund Balance, December 31 $ (48,364) $ (47,717) $ (31,432) $ (87,181)
Fund: Community Center
Activity Type /Code: Special Revenue
Expenditure HiQhliQhts
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 2016 is for replacement of the rink rubber
flooring ($36,000) in the hallways and locker rooms; and to crack seal the
parking lot ($20,000).
QJ
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover Cq)
Special Revenue Funds
Drainage and Mapping 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
Supplies and Materials
Purchased Services
Other Services and Charges
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses
Fund Balance, December 31
$ 132,453 $ 154,838 $ 154,838
28,097 8,000 8,000
4,157 1,200 1,200
32,254 9,200 9,200
$ 147,738
8,000
1,200
9,200
32,254
Actual
Adopted
Estimate
1
Adopted
Description
2014
2015
2015
2016
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
$ 132,453 $ 154,838 $ 154,838
28,097 8,000 8,000
4,157 1,200 1,200
32,254 9,200 9,200
$ 147,738
8,000
1,200
9,200
32,254
9,200
9,200
9,200
164,707
164,038
164,038
156,938
$ 154,838
602
2,300
2,300
2,300
3,877
7,000
7,000
9,500
5,390
7,000
7,000
7,000
9,869
16,300
16,300
18,800
9,869
16,300
16,300
18,800
$ 154,838
$ 147,738
$ 147,738
$ 138,138
Fund: Drainage and Mapping
Activity Type /Code: Special Revenue
Expenditure Highlights
Minimal changes are planned for this fund as monies are set aside for future
mapping needs.
0
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover I
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
$ 4,089 $
Actual
Adopted
Estimate
-T
Adopted
Description
2014
2015
2015
2016
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
$ 4,089 $
2,295
$ 2,295
$ 1,312
$ 2,295
$ 1,312
$ 1,312
40,066
40,000
40,000
40,000
(281)
100
100
100
39,785
40,100
40,100
40,100
40,100
39,785
40,100
40,100
43,874
42,395
42,395
41,412
15,733
16,738
16,738
9,508
-
520
520
520
25,680
23,625
23,625
22,035
166
200
200
200
41,579
41,083
41,083
32,263
41,579
41,083
41,083
32,263
$ 2,295
$ 1,312
$ 1,312
$ 9,149
l
Fund: Lower Rum River Watershed Management Organization I�
Activity Type /Code: Special Revenue Department Head: Assistant City Engineer
Expenditure Hiehli2hts
2016 includes a slight decrease in funding to the LRRWMO.
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 LRRWMO.
8. Levying of taxes and assessments for the financing of the previously
mentioned activities and for general administration of the organization.
ADOPTED 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover '?J
Special Revenue Funds
Forestry Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Actual
Adopted
Estimate
Adopted
1
Description
2014
2015
2015
2016
Fund Balance, January 1
$ 3,559
$ 7,243 $
7,243
$ 7,343
Revenues
Fund Balance, December 31
$ 7,243
$ 7,343 $
7,343 $ 7,443
Intergovernmental
4,909
12,500
-
12,500
Investment Income
146
100
100
100
Miscellaneous
8,967
6,500
6,500
Total Revenues:
14,022
19,100
100
19,100
Other Sources
Transfers In
-
-
-
-
Total Revenues and Other Sources:
14,022
19,100
100
19,100
Total Available:
17,581
26,343
7,343
26,443
Expenditures
Supplies and Materials
10,338
6,500
-
6,500
Purchased Services
-
12,500
-
12,500
Total Expenditures:
10,338
19,000
-
19,000
Other Uses
Transfers Out
Total Expenditures and Other Uses:
10,338
19,000
- 19,000
Fund Balance, December 31
$ 7,243
$ 7,343 $
7,343 $ 7,443
Fund: Forestry
Activity Type /Code: Special Revenue
Expenditure Hiehliehts
This fund tracks forestry- related grants with state agencies like the
Minnesota Department of Natural Resources (DNR) and administers the
bare root tree sale.
In 2015, the City did not have a tree sale.
ON
Department Head: Dir of PW / City Engineer
General Activity Description
Forestry shall preserve Andover's forest resources and develop control
plans to ensure preservation and /or restoration of these resources.
Process Used
The City utilizes the Natural Resources Technician to administer the annual
bare root tree sale, coordinate various tree plantings with local organizations
like the Eagle Scouts, and monitor preservation and disease tree management
grants.
ADOPTED 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover I�
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
$ 45,008
Actual
Adopted
1
Estimate
Adopted
Description
2014
2015
2015
2016
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
$ 45,008
$ 49,998
$ 49,998
$ 34,909
38,320
12,000
17,000
20,000
975
500
500
500
39,295
12,500
17,500
20,500
39,295
12,500
17,500
20,500
84,303
62,498
67,498
55,409
20,720
21,589
21,589
9,956
-
500
500
500
7,755
10,100
10,100
11,200
330
400
400
400
28,805
32,589
32,589
22,056
5,500
-
-
-
34,305
32,589
32,589
22,056
$ 49,998
$ 29,909
$ 34,909
$ 33,353
t -
Fund: Right of Way Management/Utility
Activity Type /Code: Special Revenue
Expenditure Hiehliehts
The 2014 transfer to the Road & Bridge Capital Projects is for the degredation
of roadways associated with right -of -way permits.
D%
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
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
$ 26,085
Actual
Adopted
Estimate
Adopted
Description
2014
2015
2015
2016
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
$ 26,085
$ 57,236
$ 57,236
$ 53,536
1,262
300
300
300
33,579
10,000
22,000
15,000
34,841
10,300
22,300
15,300
34,841
10,300
22,300
15,300
60,926
67,536
79,536
68,836
3,690
26,000
26,000
26,000
3,690
26,000
26,000
26,000
$ 57,236
$ 41,536
$ 53,536
$ 42,836
N
Fund: Charitable Gambling
Activity Type /Code: Special Revenue
Expenditure Highli¢hts
This fund was created to track the donations received from the Andover
Hockey Association and Andover Football Association from their gambling
activities. 2015 includes funding towards the Alexandra House, Youth First,
Family of Promise, teen programing, etc.. Funding for these expenditures is
dependent upon donations.
C�)
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover
Special Revenue Funds
Construction Seal Coating Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Actual
1
Adopted
1
Estimate
Adopted
Description
2014
2015
2015
2016
Fund Balance, January 1
$ 1,128 $
3,366 $
3,366 $
3,666
Revenues
Fund Balance, December 31 $
3,366 $
Charges for Services
2,588
5,000
5,000
5,000
Investment Income
2,238
300
300
300
Total Revenues:
4,826
5,300
5,300
5,300
Other Sources
Transfers In
-
_
_
Total Revenues and Other Sources:
4,826
59300
5,300
5,300
Total Available:
5,954
8,666
8,666
8,966
Expenditures
Other Services and Charges
2,588
5,000
5,000
5,000
Other Uses
Transfers Out
Total Expenditures and Other Uses:
2,588
5,000
5,000
5,000
Fund Balance, December 31 $
3,366 $
3,666 $
3,666 $
3,966
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
developments.
ag
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
CITY OF ANDOVER, MINNESOTA
2016 ANNUAL BUDGET
DEBT SERVICE FUNDS
DEFINITION:
a
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.
City of Andover
Debt Service Funds
2016 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
$ 17,767,831
2,074,115
61,680
60,805
2,196, 600
622,454
2,819,054
20,586,885
2,140,000
900,504
7,895
3,048,399
9,951
16,455,000
16,464,951
$ 1,073,535
2,136,065
2,136, 065
371,598
2,507,663
3,581,198
1,765,000
470,688
2,500
2,238,188
47,632
47,632
19,513,350 2,285,820
$ 1,073,535 $ 1,295,378
$ 1,073,535 $ 1,296,333
2,136,065
Actual
1
Adopted
Estimate
Adopted
1
Description
2014
2015
2015
2016
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
$ 17,767,831
2,074,115
61,680
60,805
2,196, 600
622,454
2,819,054
20,586,885
2,140,000
900,504
7,895
3,048,399
9,951
16,455,000
16,464,951
$ 1,073,535
2,136,065
2,136, 065
371,598
2,507,663
3,581,198
1,765,000
470,688
2,500
2,238,188
47,632
47,632
19,513,350 2,285,820
$ 1,073,535 $ 1,295,378
$ 1,073,535 $ 1,296,333
2,136,065
2,100,413
2,000
2,000
2,138,065
2,102,413
371,598
2,509,663
3,583,198
1,765,000
470,688
2,275
2,237,963
48,902
48,902
2,286,865
$ 1,296,333
376,860
2,479,273
3,775,606
1,770,000
439,698
2,450
2,212,148
104,123
104,123
2,316,271
$ 1,459,335
City of Andover 3�
Debt Service Funds
Certificates /Capital Notes - 2011A G.O. Equipment Certificate
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1 $ 105,901 $ - $ - $ -
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
105,901
95,000
950
95,950
9,951
105,901
Actual
1
Adopted
Estimate
1
Adopted
1
Description
2014
2015
2015
2016
Fund Balance, January 1 $ 105,901 $ - $ - $ -
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
105,901
95,000
950
95,950
9,951
105,901
Fund: 3210
Cost Center: 2011A G.O. Equipment Certificates Department Head: Finance Director
Activity Type /Code: Debt Service
This fund was 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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover
Debt Service Funds
Certificates /Capital Notes - 2012A G.O. Equipment Certificate
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
$ 236,730
Actual
1
Adopted
1
Estimate
Adopted
1
Description
2014
2015
2015
2016
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
$ 236,730
$ 373,049
$ 373,049
$ 502,899
$ 373,049
$ 500,849
$ 502,899
$ 586,084
140,196
140,000
140,000
142,885
8,273
-
2,000
2,000
148,469
140,000
142,000
144,885
148,469
140,000
142,000
144,885
385,199
513,049
515,049
647,784
-
-
-
50,000
11,700
11,700
11,700
11,200
450
500
450
500
12,150
12,200
12,150
61,700
12,150
12,200
12,150
61,700
$ 373,049
$ 500,849
$ 502,899
$ 586,084
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
2016 $ 61,200 $ 50,000 $ 11,200
2017 540,350 535,000 5,350
$ 601,550 $ 585,000 $ 16,550
Process Used
The City issued $585,000 of Capital Notes in 2012 to facilitate the
purchase of new equipment.
ADOPTED 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover
Debt Service Funds
Certificates /Capital Notes - 2014 G.O. Equipment Certificate
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Actual
Adopted
1
Estimate
Adopted
1
Description
2014
2015
2015
2016
Fund Balance, January 1
$ -
$ 263,348
$ 263,348
$ 301,977
Revenues
Fund Balance, December 31
$ 263,348 $ 301,977
$ 301,977
$ 313,597
General Property Taxes
260,363
296,055
296,055
295,470
Investment Income
2,985
-
-
-
Total Revenues:
263,348
296,055
296,055
295,470
Other Sources
Operating Transfers In
-
-
-
-
Total Revenues and Other Sources:
263,348
296,055
296,055
295,470
Total Available:
263,348
559,403
559,403
597,447
Expenditures
Debt Service
Principal
-
225,000
225,000
260,000
Interest
-
31,926
31,926
23,350
Other
-
500
500
500
Total Expenditures:
-
257,426
257,426
283,850
Other Uses
Operating Transfers Out
-
-
-
Total Expenditures and Other Uses:
- 257,426
257,426
283,850
Fund Balance, December 31
$ 263,348 $ 301,977
$ 301,977
$ 313,597
2g
Fund: 3212
Cost Center: 2014A G.O. Equipment Certificates Department Head: Finance Director
Activity Type /Code: Debt Service
Debt Service is scheduled as listed below:
Year
Amount
Principal
Interest
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
$ 1,396,650
$ 1,330,000
$ 66,650
General Activity Description
To account for the payment of principal and interest on long -term debt.
Process Used
The City issued $1,355,000 of Capital Notes in 2014 to facilitate the
purchase of equipment.
ADOPTED 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
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
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
$ 25,790
Actual
Adopted
Estimate
Adopted
1
Description
2014
2015
2015
2016
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
$ 25,790
$ 55,568
$ 55,568
$ 80,838
561,799
540,120
540,120
498,435
(7,171)
-
-
-
554,628
540,120
540,120
498,435
554,628
540,120
540,120
498,435
580,418
595,688
595,688
579,273
500,000
500,000
500,000
470,000
24,400
14,400
14,400
4,700
450
500
450
450
524,850
514,900
514,850
475,150
-
-
-
104,123
524,850
514,900
514,850
579,273
$ 55,568
$ 80,788
$ 80,838
$ -
xfer to building fund
�D
Fund. 3303
Cost Center: 2012B G.O. Capital Improvement Refunding Bonds Department Head: Finance Director
Activity Type /Code: Debt Service
Debt Service is scheduled as listed below:
Year Amount Principal
2016 $ 474,700 $ 470,000
Interest
$ 4,700
General Activity Descriution
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. This issue
will be used to refund the original issue sold in 2004.
ADOPTED 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
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
Actual
Adopted
f
Estimate
Adopted
1
Description
2014
2015
201
2016
Fund Balance, January 1
$ 513,645 $ - $ $ _
Revenues
General Property Taxes
182,964 - - -
Investment Income
(1,562) - -
Total Revenues:
181,402 -
Other Sources
Operating Transfers In
212,356 - -
Total Revenues and Other Sources:
393,758 -
Total Available:
907,403 -
Expenditures
Debt Service
Principal
470,000 - -
Interest
434,373 - -
Other
3,030 - - -
Total Expenditures:
907,403 - - -
Other Uses
Operating Transfers Out
-
Total Expenditures and Other Uses: 907,403 -
Fund Balance, December 31 $ - $ _ $ _ $
Fund: 3402
Cost Center: 2004 EDA Public Facility Lease Revenue Bonds Department Head: Finance Director
Activity Type /Code: Debt Service
�3
This fund was 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 Descriution
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover J�
Debt Service Funds
Lease Revenue Bonds - 2006 EDA Public Facility Lease Revenue Refunding Bonds
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Actual
1
Adopted
Estimate
1
Adopted
I
Description
2014
2015
2015
2016
50,092
Fund Balance, January 1
$ 9,706,648 $ $ _ $ _
Revenues
Investment Income
35,266 -
Other Sources
Operating Transfers In
14,826
Total Revenues and Other Sources:
50,092
Total Available:
9,756,740 _
Expenditures
Debt Service
Principal
-
Interest
-
Other
1,740
Total Expenditures:
1,740
Other Uses
Redemption of Refunded Bonds
9,755,000
Total Expenditures and Other Uses: 9,756,740 -
Fund Balance, December 31 $ - $ _ $ _ $
� �
Fund: 3403 l
Cost Center: 2006A EDA Public Facility Lease Revenue Refunding Bonds Department Head: Finance Director
Activity Type /Code: Debt Service
This fund was 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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover 03�
Debt Service Funds
Lease Revenue Bonds - 2007 EDA Public Facility Lease Revenue Refunding Bonds
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Actual
Adopted
Estimate
Adopted
Description
2014
2015
2015
2016
Fund Balance, January 1
$ 6,662,794 $ - $ _ $ _
Revenues
Investment Income
24,245 -
Other Sources
Operating Transfers In
14,311 -
Total Revenues and Other Sources:
38,556 -
Total Available:
6,701,350 - -
Expenditures
Debt Service
Principal
_
Interest
-
Other
1,350
Total Expenditures:
1,350
Other Uses
Redemption of Refunded Bonds
6,700,000
Total Expenditures and Other Uses: 6,701,350 -
Fund Balance, December 31 $ - $ _ $ _ $
Fund: 3404
Cost Center: 2007 EDA Public Facility Lease Revenue Refunding Bonds
Activity Type /Code: Debt Service
This fund was closed in 2014.
6D
Department Head: Finance Director
General Activity Description
To account for the payment of principal and interest on long -term debt.
Process Used
The City sold $19,550,000 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 2016 BUDGET
CITY OF ANDOVER. MINNESOTA
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
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
$ 35,088
Actual
1
Adopted
Estimate
1
Adopted
1
Description
2014
2015
2015
2016
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
$ 35,088
$ 64,809
$ 64,809
$ 196,727
741,093
975,652
975,652
977,332
(5,266)
-
-
-
735,827
975,652
975,652
977,332
-
371,598
371,598
371,598
735,827
1,347,250
1,347,250
1,348,930
770,915
1,412,059
1,412,059
1,545,657
320,000
835,000
835,000
845,000
385,681
379,907
379,907
371,506
425
500
425
500
706,106
1,215,407
1,215, 332
1,217, 006
706,106
1,215,407
1,215, 332
1,217, 006
$ 64,809
$ 196,652
$ 196,727
$ 328,651
Fund: 3405
3
Cost Center: 2012C G.O. Abatement Bonds Department Head: Finance Director
Activity Type /Code: Debt Service
Debt Service is scheduled as listed below:
Year
Amount
Principal
Interest
2016
$ 1,216,506
$ 845,000
$ 371,506
2017
1,213,732
855,000
358,732
2018
1,211,482
870,000
341,482
2019
1,208,932
885,000
323,932
2020
1,215,982
910,000
305,982
2021
1,212,632
925,000
287,632
2022
1,213,932
945,000
268,932
2023
1,209,282
960,000
249,282
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
$19,387,583
$15,840,000
$ 3,547,583
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 advance refund the refunding
issues sold in 2006 and 2007 that refunded the 2004 issue.
ADOPTED 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
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 $ 7,889 $ - $ - $
Revenues
Investment Income
Other Sources
Operating Transfers In
Actual
1
Adopted
1
Estimate
Adopted
1
Description
2014
2015
2015
2016
Fund Balance, January 1 $ 7,889 $ - $ - $
Revenues
Investment Income
Other Sources
Operating Transfers In
380,961 - - -
Total Revenues and Other Sources:
380,961 - - -
Total Available:
388,850 - - -
Expenditures
Debt Service
Principal
385,000 - -
Interest
3,850 - -
Other
- - - -
Total Expenditures:
388,850 - - -
Other Uses
Operating Transfers Out
- - - -
Total Expenditures and Other Uses:
388,850 - - -
Fund Balance, December 31
$ - $ - $ - $ -
D
Fund: 3605
Cost Center: 2010A G.O. PIR Refunding Bonds Department Head: Finance Director
Activity Type/Code: Debt Service
This fund was closed in 2014.
General Activity Description
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
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
Fund Balance, January 1
Actual
Adopted
Estimate
Adopted
1
Description
2014
2015
2015
2016
Fund Balance, January 1
$ 281,577
$ 109,742
$ 109,742 $ -
Revenues
Intergovernmental
61,680
-
- -
Investment Income
1,270
- -
Total Revenues:
62,950
- -
Other Sources
Operating Transfers In
-
-
-
Total Revenues and Other Sources:
62,950
-
-
Total Available:
344,527
109,742
109,742 -
Expenditures
Debt Service
Principal
230,000
60,000
60,000
Interest
4,785
840
840
Other
-
-
-
Total Expenditures:
234,785
60,840
60,840 -
Other Uses
Operating Transfers Out
-
47,632
48,902 -
Total Expenditures and Other Uses: 234,785 108,472 109,742
Fund Balance, December 31 $ 109,742 $ 1,270 $ - $
�la
Fund: 3702
Cost Center: 2009A G.O. State Aid Refunding Bonds Department Head: Finance Director
Activity Type /Code: Debt Service
This fund will be closed in 2015.
General Activity Description
To account for the payment of principal and interest on long -term debt.
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
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
LWIR-01
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
$ 191,769
Actual
1
Adopted
Estimate
Adopted
Description
2014
2015
2015
2016
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
$ 191,769
$ 207,019
$ 207,019
$ 213,892
187,700
184,238
184,238
186,291
2,765
-
-
-
190,465
184,238
184,238
186,291
-
-
-
5,262
190,465
184,238
184,238
191,553
382,234
391,257
391,257
405,445
140,000
145,000
145,000
145,000
34,765
31,915
31,915
28,942
450
500
450
500
175,215
177,415
177,365
174,442
175,215
177,415
177,365
174,442
$ 207,019
$ 213,842
$ 213,892
$ 231,003
CH)y
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:
Year
Amount
Principal
Interest
2016
$ 173,942
$ 145,000
$ 28,942
2017
175,657
150,000
25,657
2018
176,841
155,000
21,841
2019
177,507
160,000
17,507
2020
172,827
160,000
12,827
2021
172,870
165,000
7,870
2022
172,656
170,000
2,656
$ 1,222,300
$ 1,105,000
$ 117,300
General Activity Description
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
CITY OF ANDOVER, MINNESOTA
2016 ANNUAL BUDGET
CAPITAL PROJECTS FUNDS
DEFINITION:
LI S
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.
City of Andover
Capital Projects Funds
2016 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
Debt Service - Principal Retirement
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses
$ 16,893,815
1,303,826
377,733
733,425
2,700,904
517,052
863,817
152,319
6,649,076
415,451
1,555,000
44,278
897,275
2,912,004
9,561,080
26,454,895
161,723
2,984,671
2,779,287
196,719
6,122,400
401,698
19,930,797 $ 19,930,797 $ 19,829,703
1,336,968
20,000
412,000
1,259,573
127,500
255,365
3,411,406
447,632
447,632
3,859,038
23,789,835
156,000
2,812,000
1,367,496
4,335,496
58,249
6,524,098 4,393,745
1,336,968
3,000
450,573
183,770
166,200
527,725
8,160
2,676,396
448,902
1,252,688
1,701,590
4,377,986
24,308,783
179,428
2,813,500
1,231,184
196,719
4,420,831
58,249
4,479,080
1,415,984
1,153,000
813,743
158,400
262,421
2,000
3,805,548
504,123
504,123
4,309,671
24,139,374
340,000
4,193,000
1,535,000
196,719
6,264,719
90,358
6,355,077
Fund Balance, December 31 $ 19,930,797 $ 19,396,090 $ 19,829,703 $ 17,784,297
Actual
Adopted
Estimate
Adopted
Description
2014
2015
2015
2016
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
Debt Service - Principal Retirement
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses
$ 16,893,815
1,303,826
377,733
733,425
2,700,904
517,052
863,817
152,319
6,649,076
415,451
1,555,000
44,278
897,275
2,912,004
9,561,080
26,454,895
161,723
2,984,671
2,779,287
196,719
6,122,400
401,698
19,930,797 $ 19,930,797 $ 19,829,703
1,336,968
20,000
412,000
1,259,573
127,500
255,365
3,411,406
447,632
447,632
3,859,038
23,789,835
156,000
2,812,000
1,367,496
4,335,496
58,249
6,524,098 4,393,745
1,336,968
3,000
450,573
183,770
166,200
527,725
8,160
2,676,396
448,902
1,252,688
1,701,590
4,377,986
24,308,783
179,428
2,813,500
1,231,184
196,719
4,420,831
58,249
4,479,080
1,415,984
1,153,000
813,743
158,400
262,421
2,000
3,805,548
504,123
504,123
4,309,671
24,139,374
340,000
4,193,000
1,535,000
196,719
6,264,719
90,358
6,355,077
Fund Balance, December 31 $ 19,930,797 $ 19,396,090 $ 19,829,703 $ 17,784,297
City of Andover (�
Capital Projects Funds
Water Trunk Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
Actual Adopted Estimate Adopted
Description 2014 2015 2015 2016
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
$ 2,245,932 $ 2,637,713
37,274
60,000
71,236
50,000
487,928
65,150
596,438
175,150
596,438
2,842,370
183,920
183,920
175,150
2,812,863
30,000
30,000
20,737 58,249
204,657 88,249
$ 2,637,713 $ 2,724,614
2,637,713 $ 2,898,551
40,000
30,000
50,000
50,000
261,585
67,756
351,585
147,756
351,585
147,756
2,989,298
3,046,307
32,498
40,000
32,498
40,000
58,249
85,096
90,747
125,096
$ 2,898,551 $ 2,921,211
Fund: 4110
Cost Center: Water Trunk
Activity Type /Code: Capital Projects
Expenditure Hi2hli2hts
Projects planned for 2016 include:
New Development Projects $ 40,000
A portion of the connection fee is used to support the Water Treatment
Plant and is transferred to the Water Enterprise Fund.
Projects for 2015 included:
Water Trunk Oversizing - Catcher's Creek $ 32,498
D ��
Department Head: City Engineer
General Activity Description
The Water Trunk Capital Projects Fund accounts for water access fees
and trunk improvements as part of development.
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
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
$ 4,918,165
Actual
Adopted
Estimate
Adopted
Description
2014
2015
2015
2016
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
$ 4,918,165
$ 5,541,793
$ 5,541,793
$ 5,995,270
13,219
20,000
27,005
20,000
156,454
50,000
50,000
50,000
188,898
12,415
86,472
12,415
358,571
82,415
163,477
82,415
400,000
400,000
400,000
400,000
758,571
482,415
563,477
482,415
5,676,736
6,024,208
6,105,270
6,477,685
134,943
-
-
-
-
110,000
110,000
110,000
134,943
110,000
110,000
110,000
134,943
110,000
110,000
110,000
$ 5,541,793
$ 5,914,208
$ 5,995,270
$ 6,367,685
Fund: 4120
Cost Center: Sewer Trunk
Activity Type /Code: Capital Projects
Expenditure Hiehliehts
Projects planned for 2016 include:
New Development Projects $ 110,000
Projects for 2015 included:
Sanitary Sewer Oversizing - Catcher's Creek $ 58,512
Department Head: City Engineer 0
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover 6
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
$ (64,940) $ (64,418)
Actual
1
Adopted
1
Estimate
1
Adopted
1
Description
2014
2015
2015
2016
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
$ (64,940) $ (64,418)
$ (64,418) $ (63,250)
(1,551) -
(700)
2,073 -
1,868
522 -
1,168
522 -
1,168
(64,418) (64,418)
(63,250) (63,250)
$ (64,418) $ (64,418)
$ (63,250) $ (63,250)
Fund: 4130
Cost Center: Storm Sewer
Activity Type /Code: Capital Projects
Expenditure 1-liehliehts
No expenditures planned for 2016.
9
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover �j 3
Capital Projects Funds
Road and Bridge Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Actual
Adopted
1
Estimate
1
Adopted
Description
2014
2015
2015
2016 7
Fund Balance, January 1
$ 3,114,711
$ 4,998,161
$ 4,998,161
$ 3,805,195
Fund Balance, December 31
Revenues
$ 4,840,834
$ 3,805,195
$ 2,669,922
General Property Taxes
1,031,647
1,025,468
1,025,468
1,150,984
Special Assessments
576,993
282,000
302,972
1,053,000
Intergovernmental
2,698,473
1,259,573
171,692
813,743
Investment Income
114,289
-
30,000
25,000
Miscellaneous
-
_
_
Total Revenues:
4,421,402
2,567,041
1,530,132
3,042,727
Other Sources
Transfers In
5,500
47,632
48,902
-
Total Revenues and Other Sources:
4,426,902
2,614,673
1,579,034
3,042,727
Total Available:
7,541,613
7,612,834
6,577,195
6,847,922
Expenditures
Other Services and Charges
2,026,438
2,772,000
2,772,000
4,178,000
Capital Outlay
517,014
-
-
_
Total Expenditures:
2,543,452
2,772,000
2,772,000
4,178,000
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
2,543,452
2,772,000
2,772,000
4,178,000
Fund Balance, December 31
$ 4,998,161
$ 4,840,834
$ 3,805,195
$ 2,669,922
Fund: 4140
Cost Center: Road and Bridge Department Head: City Engineer
Activity Type /Code: Capital Projects
Expenditure Highlights
Some of the major 2016 projects are as follows
Annual street seal coat
$ 460,000
Annual street crack seal
225,000
New / reconstruct routes
693,000
MSA - New / reconstruct routes
2,600,000
Pedestrian trail maintenance
45,000
Pedestrian trail reconstruction
50,000
Annual pavement markings
40,000
Gravel road improvements
15,000
Curb replacement
50,000
$ 4,178,000
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
$ 2,772,000
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover
Capital Projects Funds
Park Dedication Projects
Statement of Revenues, Expenditures and Changes in Fund Balance
55
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
$ 343,151
61,460
8,846
156,384
226,690
226,690
569,841
44,784
190,491
235,275
$ 334,566
Actual
Adopted
Estimate
Adopted
Description
2014
2015
2015
2016
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
$ 343,151
61,460
8,846
156,384
226,690
226,690
569,841
44,784
190,491
235,275
$ 334,566
$ 334,566
$ 327,566
61,500
61,500
15,000
-
1,000
-
140,500
140,500
144,950
202,000
203,000
159,950
202,000
203,000
159,950
536,566
537,566
487,516
15,000
15,000
15,000
195,000
195,000
258,000
210,000
210,000
273,000
235,275 210,000
$ 334,566 $ 326,566
210,000 273,000
$ 327,566 $ 214,516
Fund: 4150
Cost Center: Park Dedication Projects
Activity Type /Code: Capital Projects
Expenditure Highlights
2016 Projects include:
Annual Miscellaneous Projects
$ 15,000
Timber Trails Park Renovation
200,000
Terrace Park - Irrigation & Water Service
35,000
Sunshine Park - Scoreboard Wiring & Design
23,000
Fencing Upgrades - Ballfield Safety Initiatives
$ 273,000
2015 Projects included:
Annual Miscellaneous Projects
$ 15,000
Irrigation Project - Small
20,000
Pine Hills North - Phase II
70,000
Kelsey Round Lake Park Master Plan
50,000
Fencing Upgrades - Ballfield Safety Initiatives
25,000
Crooked Lake School Hockey Rink
10,000
Langseth Park Trail Improvement
20,000
210,000
506
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover
Capital Projects Funds
Building Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Revenues
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
Other Services and Charges
Capital Outlay
Miscellaneous
Debt Service - Principal Retirement
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 1,092,916
Actual
1
Adopted
Estimate
1
Adopted
1
Description
2014
2015
2015
2016
Fund Balance, January 1
Revenues
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
Other Services and Charges
Capital Outlay
Miscellaneous
Debt Service - Principal Retirement
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 1,092,916
$ 886,411
$ 886,411
$ 830,695
28,495
6,000
6,000
6,000
-
-
6,200
-
28,495
6,000
12,200
6,000
9,951
-
-
104,123
-
-
128,803
-
9,951
-
128,803
104,123
38,446
6,000
141,003
110,123
1,131,362
892,411
1,027,414
940,818
48,232
-
-
-
-
200,000
-
196,719
-
196,719
196,719
244,951
200,000
196,719
196,719
244,951
200,000
196,719
196,719
$ 886,411
$ 692,411
$ 830,695
$ 744,099
Fund: 4160
Cost Center: Building Fund
Activity Type /Code: Capital Projects
Expenditure Hiahliahts
In 2013, the City has signed a contract for deed to take down some land
adjacent to the city hall / public works campus. As part of that agreement,
annual payments will be made starting in 2013 with final payment in 2018.
2016 196,719
2017 196,719
2018 196,719
$ 590,157
Department Head: Finance Director
General Activity Description
(:5
The Building Fund accounts for miscellaneous building improvement
projects for all facilities, including land acquisitions.
Process Used
Facilities are reviewed annually for non - recurring repairs or for future
facility needs.
ADOPTED 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
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
Capital Outlay
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 106,678
Actual
1
Adopted
Estimate
Adopted
1
Description
2014
2015
2015
2016
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
Capital Outlay
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
Fund Balance, December 31
$ 106,678
$ 134,963
$ 134,963
$ 149,235
3,526
-
400
400
28,534
37,300
37,300
37,300
32,060
37,300
37,700
37,700
32,060
37,300
37,700
37,700
138,738
172,263
172,663
186,935
3,775
-
23,428
-
-
-
-
357,000
3,775
-
23,428
357,000
3,775
-
23,428
357,000
$ 134,963
$ 172,263
$ 149,235
$ (170,065)
r
Fund: 4170
Cost Center: Trail & Transportation
Activity Type /Code: Capital Projects
Expenditure Hiehliahts
Projects planned for 2016 include:
8' Bituminous trail along Crosstown Blvd - Coon Creek bridge to
South Coon Creek Drive - $118,000
5' Concrete sidewalk along Bunker Lake Blvd - Yukon St to Hidden
Creek Park North - $52,000
5' Concrete sidewalk along Bunker Lake Blvd - Crosstown Blvd to
Yukon St - $187,000
No projects planned for 2015.
6�
Department Head: Dir of PW I City Engineer
General Activity Description
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.
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover
Capital Projects Funds DG,
Capital Equipment Reserve
Statement of Revenues, Expenditures and Changes in Fund Balance
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
$ 687,274
Actual
1
Adopted
Estimate
1
Adopted
1
Description
2014
2015
2015
2016
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
$ 687,274
$ 861,635
$ 861,635
$ 976,027
210,719
250,000
250,000
250,000
21,935
2,000
4,000
4,000
78,037
-
1,960
2,000
310,691
252,000
255,960
256,000
-
-
114,432
-
-
114,432
-
310,691
252,000
370,392
256,000
997,965
1,113, 635
1,232,027
1,232,027
114,482
156,000
156,000
340,000
21,848
100,000
100,000
20,000
136,330
256,000
256,000
360,000
136,330
256,000
256,000
360,000
$ 861,635
$ 857,635
$ 976,027
$ 872,027
r
Fund: 4180
Cost Center: Capital Equipment Reserve
Activity Type /Code: Capital Projects
Expenditure Highlights
Projects outlined in the 2016 - 2020 CIP for year 2016 using the Capital
Equipment Reserve Capital Projects Fund include:
Using 2015 Capital Projects Reserve / levy:
Annual Parking Lot Maintenance $ 30,000
Public Works /Community Center Master Planning 25,000
Replacement - SCBA's 250,000
Add / Replace server 20,000
Replacement - 800 MHz Radios 35,000
$ 360,000
Using 2015 Capital Projects Reserve / levy
Annual Parking Lot Maintenance $
28,000
Repair /Replace Play Structures - Parks
50,000
Repair /Replace Major Park Projects - Parks
25,000
Replacement - Carpet / Tile
10,000
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
Department Head: Finance Director
General Activity Description
Resources for this fund come from residual fund transfers, interest earnings,
and, in 2015 and 2016, a $250,000 property tax (capital) levy.
Process Used
During 2015 and 2016 budget processes, it was determined that various capital
expenditures were necessary. The Andover Management Team and Andover
Vehicle Purchasing Committee reviewed departmental needs and prioritized
capital needs.
ADOPTED 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover 0�-3
Capital Projects Funds
2012A G.O. Equipment Certificates
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1 $ 50,552 $ - $ - $
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
50,552
50,552
50,552
50,552
Actual
1
Adopted
1
Estimate
1
Adopted
1
Description
2014
2015
2015
2016
Fund Balance, January 1 $ 50,552 $ - $ - $
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
50,552
50,552
50,552
50,552
Fund: 4211
Cost Center: 2012A G.O. Capital Notes
Activity Type /Code: Capital Projects
Expenditure Hiehliehts
This fund was closed in 2014.
The following is a list of equipment purchased with the 2012 Capital Note.
Vehicle / Equipment Replacements:
Fire Chiefs 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 $ 10,000
One -Ton Truck w/ Plow #599 65,000
Ditch Mowing Tractor w/ Mowers #115 90,000
One -Ton Truck w/ Plow #132 65,000
$ 230,000
$ 578,100
Department Head: Finance Director 9
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover v
Capital Projects Funds
2014 G.O. Equipment Certificates
Statement of Revenues, Expenditures and Changes in Fund Balance
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
$ -
Actual
1
Adopted
Estimate
1
Adopted
Description
2014
2015
2015
2016
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
$ -
$ 112,513 $ 112,513 $ -
6,347
- 1,000 -
1,555,000
- -
44,278
- -
1,599,278
- -
1,605,625
- 1,000
1,605, 625
112,513 113,513 -
35,040
- - -
1,458,072
113,513 -
1,493,112
113,513
- 113,513 -
1,493,112
$ 112,513
$ 112,513 $ - $
Fund:
Cost Center:
Activity Type /Code:
4212
2014 G.O. Capital Notes
Capital Projects
Expenditure HiQhliehts
The following is a list of equipment purchased with a 2014 Capital Note.
Capital Note.
Vehicle / Equipment Replacements:
New- Mobile Vehicle Lifts
$ 24,000
Survey Equipment
32,000
Replacement - Ladder Truck #11
1,100,000
Replacement - Bobcat #610
36,000
Replacement - Dump Truck w/ Snow Removal Equipment
150,000
Replacement - Fire Utility #4
32,000
Replacement - Fire Utility #5
32,000
Replacement - Toro Groundmaster #559
35,000
Replacement - One Ton Truck w/ Plow #503
65,000
New - Snowblower Attachment - Belos
23,000
Replacement - Snowblower Attachment - Bobcat
7,000
New - Add Rear Wing to Plow Truck
30,000
$ 1,566,000
This fund will be closed in 2015.
6E
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 2014 budget process it was determined that various capital
equipment was necessary.
ADOPTED 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover
Capital Projects Funds
Tax Increment Projects
Statement of Revenues, Expenditures and Changes in Fund Balance
�7
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
$ 2,657,590
Actual
Adopted
Estimate
Adopted
Description
2014
2015
2015
2016
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
$ 2,657,590
$ 3,546,286
$ 3,546,286
$ 4,065,817
377,733
20,000
3,000
-
3,559
-
-
2,431
-
12,078
-
77,119
15,000
20,000
20,000
74,282
-
-
-
535,124
35,000
35,078
20,000
897,275
-
1,009,453
-
1,432,399
35,000
1,044,531
20,000
4,089,989
3,581,286
4,590,817
4,085,817
543,703
25,000
25,000
-
-
500,000
500,000
750,000
543,703
525,000
525,000
750,000
543,703
525,000
525,000
750,000
$ 3,546,286
$ 3,056,286
$ 4,065,817
$ 3,335,817
Fund: 4501
Cost Center: Tax Increment Projects
Activity Type /Code: Capital Projects
Expenditure Highlights
2016 Budgeted expenditures include:
Redevelopment Site Purchases
2015 Budgeted expenditures include:
Administration
Redevelopment Site Purchases
$ 750,000
$ 25,000
500,000
$ 525,000
TIF District 1 -1 was decertified in 2012 and TIF District 1 -2 was decertified in 2014.
Department Head: Finance Director
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover
Capital Projects Funds
Permanent Improvement Revolving
Statement of Revenues, Expenditures and Changes in Fund Balance
0
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
$ 968,636 $ 705,751 $ 705,751
102,380 50,000 80,596
18,347 3,000 3,000
120,727 53,000 83,596
120,727
11,089,363
2,651
380,961
383,612
$ 705,751
$ 787,847
50,000
3,000
53,000
53,000 83,596 53,000
758,751 789,347 840,847
- 1,500 -
- 1,500 -
$ 758,751 $ 787,847 $ 840,847
Actual
Adopted
Estimate
Adopted
Description
2014
2015
2015
2016
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
$ 968,636 $ 705,751 $ 705,751
102,380 50,000 80,596
18,347 3,000 3,000
120,727 53,000 83,596
120,727
11,089,363
2,651
380,961
383,612
$ 705,751
$ 787,847
50,000
3,000
53,000
53,000 83,596 53,000
758,751 789,347 840,847
- 1,500 -
- 1,500 -
$ 758,751 $ 787,847 $ 840,847
r
Fund: 4601
Cost Center: Permanent Improvement Revolving
Activity Type /Code: Capital Projects
Expenditure Hiehliehts
No major expenditures are planned for 2016. The transfer for debt
service in 2014 paid off 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 $18.99 million
of special assessments over the past 14 years. The annual cash flow of
this fund is intended to eliminate unfunded projects through effective
management of debt payments and project expenditures.
ADOPTED 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
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
$ 773,150
Actual
Adopted
Estimate
1
Adopted
1
Description
2014
2015
2015
2016
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
$ 773,150
$ 235,423
$ 235,423 $
5,262
12,009
1,500
1,500
-
12,009
1,500
1,500
-
12,009
1,500
1,500
-
785,159
236,923
236,923
5,262
8,426
-
-
-
541,310
232,496
231,661
-
549,736
232,496
231,661
-
-
-
-
5,262
549,736
232,496
231,661
5,262
$ 235,423
$ 4,427
$ 5,262 $
-
Fund: 4901
Cost Center: 2010A G.O.Open Space Referendum Bonds
Activity Type /Code: Capital Projects
Exuenditure HiQhlithts
Over the past four years, four parcels have been purchased for the preservation
of open space in the City of Andover. The remaining funds ($5,262) will be
transferred to the Open Space Referendum Bonds Debt Service Fund to assist
in the debt payments.
Department Head: Finance Director 0
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
CITY OF ANDOVER, MINNESOTA
2016 ANNUAL BUDGET
ENTERPRISE FUNDS
DEFINITION:
`73
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.
City of Andover
Enterprise Funds
2016 Budget Summary - All Enterprise Funds
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
Total Revenues and Other Sources:
Total Available:
Expenditures
Personal Services
Supplies and Materials
Other Services and Charges
Capital Outlay
Debt Service
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses:
Unrestricted Net Assets, December 31
$ 6,237,200 $ 6,606,934
4,823,394
115,425
12,592
3,425
560
55,978
5,011,374
20,737
5,032,111
11,269,311
915,923
197,815
2,122, 902
828,807
4,065,447
596,930
4,662,377
4,954,705
57,000
13,000
3,500
16,000
67,000
5,111,205
58,249
5,169,454
11,776,388
972,417
280,200
2,051,624
99,500
831,487
4,235,228
596,930
4,832,158
$ 6,606,934
4,894,705
57,000
13,000
3,500
16,000
67,000
5,051,205
58,249
5,109,454
11,716,388
972,417
254,350
2,018,064
99,500
831,487
4,175,818
596,930
4,772,748
d Dq I
Adopted
2016
$ 6,943,640
4,895,000
56,000
13,000
3,500
16,000
67,000
5,050,500
85,096
5,135,596
12,079,236
1,020,809
289,200
2,192,448
833,101
4,335,558
596,930
4,932,488
$ 6,606,934 $ 6,944,230 $ 6,943,640 $ 7,146,748
Actual
Adopted
Estimate
Description
2014
2015
2015
Unrestricted Net Assets, January 1
Revenues
Charges for Services
Interest
Meters
Permits
Penalties
Miscellaneous
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
Debt Service
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses:
Unrestricted Net Assets, December 31
$ 6,237,200 $ 6,606,934
4,823,394
115,425
12,592
3,425
560
55,978
5,011,374
20,737
5,032,111
11,269,311
915,923
197,815
2,122, 902
828,807
4,065,447
596,930
4,662,377
4,954,705
57,000
13,000
3,500
16,000
67,000
5,111,205
58,249
5,169,454
11,776,388
972,417
280,200
2,051,624
99,500
831,487
4,235,228
596,930
4,832,158
$ 6,606,934
4,894,705
57,000
13,000
3,500
16,000
67,000
5,051,205
58,249
5,109,454
11,716,388
972,417
254,350
2,018,064
99,500
831,487
4,175,818
596,930
4,772,748
d Dq I
Adopted
2016
$ 6,943,640
4,895,000
56,000
13,000
3,500
16,000
67,000
5,050,500
85,096
5,135,596
12,079,236
1,020,809
289,200
2,192,448
833,101
4,335,558
596,930
4,932,488
$ 6,606,934 $ 6,944,230 $ 6,943,640 $ 7,146,748
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
Total Revenues and Other Sources
Total Available:
Expenditures
Personal Services
Supplies and Materials
Other Services and Charges
Capital Outlay
Debt Service
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses
Unrestricted Net Assets, December 31
$ 2,521,106 $ 2,795,147 $ 2,795,147 $ 3,006,987
2,286,243
45,394
12,592
3,425
171
54,838
2,402,663
20,737
2,423,400
4,944,506
418,313
163,797
588,192
828,807
1,999,109
150,250
2,149, 359
$ 2,795,147
2,397,686
15,000
13,000
3,500
6,000
67,000
2,502,186
2,337,686
15,000
13,000
3,500
6,000
67,000
2,442,186
58,249
Actual
1
Adopted
Estimate
1
Adopted
Description
2014
2015
2015
2016
Unrestricted Net Assets, January 1
Revenues
Charges for Services
Interest
Meters
Permits
Penalties
Miscellaneous
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
Debt Service
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses
Unrestricted Net Assets, December 31
$ 2,521,106 $ 2,795,147 $ 2,795,147 $ 3,006,987
2,286,243
45,394
12,592
3,425
171
54,838
2,402,663
20,737
2,423,400
4,944,506
418,313
163,797
588,192
828,807
1,999,109
150,250
2,149, 359
$ 2,795,147
2,397,686
15,000
13,000
3,500
6,000
67,000
2,502,186
2,337,686
15,000
13,000
3,500
6,000
67,000
2,442,186
58,249
58,249
2,560,435
2,500,435
5,355,582
5,295,582
431,808
222,200
677,400
4,500
831,487
2,167,395
150,250
2,317,645
431,808
200,050
670,500
4,500
831,487
2,138, 345
150,250
2,327,984
15,000
13,000
3,500
6,000
67,000
2,432,484
85,096
2,517,580
5,524,567
454,771
229,700
703,800
833,101
2,221,372
150,250
2,288,595 2,371,622
$ 3,037,937 $ 3,006,987 $ 3,152,945
Fund: 5100
Cost Center: Water
Activity Type /Code: Enterprise Fund
Expenditure I1i2hli2hts
No major changes planned in 2016.
Department Head: Utility Supervisor 560
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
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
$ 3,358,463 $ 3,642,961
2,116,453
68,248
389
782
2,185, 872
2,185, 872
5,544,335
301,695
10,446
1,142,553
1,454,694
2,134,919
40,000
10,000
2,184,919
2,184,919
5,827,880
329,036
29,800
1,182,439
90,500
1,631,775
$ 3,642,961
Actual
1
Adopted
Estimate
Adopted
Description
2014
2015
2015
2016
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
$ 3,358,463 $ 3,642,961
2,116,453
68,248
389
782
2,185, 872
2,185, 872
5,544,335
301,695
10,446
1,142,553
1,454,694
2,134,919
40,000
10,000
2,184,919
2,184,919
5,827,880
329,036
29,800
1,182,439
90,500
1,631,775
$ 3,642,961
$ 3,754,435
2,134,919
2,142,281
40,000
40,000
10,000
10,000
2,184,919
2,192,281
2,184,919
2,192,281
5,827,880
5,946,716
329,036
345,663
28,200
31,300
1,179,029
1,316,313
90,500
-
1,626,765
1,693,276
446,680
446,680
446,680
446,680
1,901,374
2,078,455
2,073,445
2,139,956
$ 3,642,961
$ 3,749,425
$ 3,754,435
$ 3,806,760
I
Fund: 5200
Cost Center: Sanitary Sewer
Activity Type /Code: Enterprise Fund
Expenditure HiQhliehts
In 2016, the Metropolitan Waste Water Charge to Metropolitan Council
increased 13% ($127,474).
2015 included the purchase of new televising equipment.
Department Head: Utility Supervisor
General Activity Desciution
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover
Enterprise Funds
Storm Sewer
Statement of Revenues, Expenditures and Changes in Fund Net Assets
6)
Unrestricted Net Assets, January 1
Revenues
Charges for Services
Interest
Miscellaneous
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
$ 357,631
420,698
1,783
358
$ 168,826
422,100
2,000
168,826
422,100
2,000
$ 182,218
424,735
1,000
422,839 424,100 424,100 425,735
422,839
Actual
1
Adopted
1
Estimate
1
Adopted
Description
2014
2015
2015
2016
Unrestricted Net Assets, January 1
Revenues
Charges for Services
Interest
Miscellaneous
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
$ 357,631
420,698
1,783
358
$ 168,826
422,100
2,000
168,826
422,100
2,000
$ 182,218
424,735
1,000
422,839 424,100 424,100 425,735
422,839
424,100
424,100
425,735
780,470
592,926
592,926
607,953
195,915
211,573
211,573
220,375
23,572
28,200
26,100
28,200
392,157
191,785
168,535
172,335
-
4,500
4,500
-
611,644
436,058
410,708
420,910
611,644
436,058
410,708
420,910
$ 168,826
$ 156,868
$ 182,218
$ 187,043
tr
Fund: 5300
Cost Center: Storm Sewer
Activity Type /Code: Enterprise Fund
Expenditure Highlights
No major changes planned in 2016.
the 3rd Generation Storm Water Plan was completed in 2015.
V�
Department Head: Utility Supervisor
General Activi�Descriotion
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
CITY OF ANDOVER, MINNESOTA
2016 ANNUAL BUDGET
INTERNAL SERVICE FUNDS
DEFINITION:
■
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.
City of Andover
Internal Service Funds
2016 Budget Summary - All Internal Service Funds
Statement of Revenues, Expenditures and Changes in Unrestricted Net Assets
EP
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
$ 677,192
Actual
Adopted
1
Estimate
Adopted
1
Description
2014
2015
2015
2016
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
$ 677,192
$ 613,684
$ 613,684
$ 560,071
1,078,928
1,111,844
1,111,844
1,111,844
12,296
1,500
1,500
1,500
123,144
-
-
-
1,214,368
1,113, 344
1,113, 344
1,113, 344
1,214, 368
1,113, 344
1,113, 344
1,113, 344
1,891,560
1,727,028
1,727,028
1,673,415
376,250
391,930
399,213
422,009
397,664
386,950
386,950
388,010
503,962
359,872
380,794
360,122
1,277, 876
1,138, 752
1,166,957
1,170,141
1,277, 876
1,138, 752
1,166,957
1,170,141
$ 613,684
$ 588,276
$ 560,071
$ 503,274
City of Andover LV
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
$ 359,993
Actual
Adopted
Estimate
-T
Adopted
Description
2014
2015
2015
2016
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
$ 359,993
$ 322,692
$ 322,692
$ 322,705
699,603
720,592
720,592
720,592
7,156
500
500
500
5,250
-
-
-
712,009
721,092
721,092
721,092
712,009
721,092
721,092
721,092
1,072,002
1,043,784
1,043, 784
1,043,797
233,649
239,097
239,097
258,548
367,551
360,960
360,960
360,960
148,110
121,022
121,022
121,272
749,310
721,079
721,079
740,780
749,310
721,079
721,079
740,780
$ 322,692
$ 322,705
$ 322,705
$ 303,017
Fund: 6100
Cost Center: Central Equipment
Activity Type /Code: Internal Service Fund
Expenditure Hi2hliehts
The primary increase in 2016 is the reallocation of staffing from Recycling
to Central Equipment.
16]
Department Head: Vehicle Maintenance Supervisor
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
City of Andover
Internal Service Funds
Risk Management
Statement of Revenues, Expenditures and Changes in Unrestricted Net Assets
5S
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
$ 317,199
Actual
Adopted
Estimate
1
Adopted
Description
2014
2015
2015
2016
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
$ 317,199
$ 290,992
$ 290,992
$ 237,366
379,325
391,252
391,252
391,252
5,140
1,000
1,000
1,000
117,894
-
-
-
502,359
392,252
392,252
392,252
502,359
392,252
392,252
392,252
819,558
683,244
683,244
629,618
142,601
152,833
160,116
163,461
30,113
25,990
25,990
27,050
355,852
238,850
259,772
238,850
528,566
417,673
445,878
429,361
528,566
417,673
445,878
429,361
$ 290,992
$ 265,571
$ 237,366
$ 200,257
Fund: 6200
Cost Center: Risk Management
Activity Type /Code: Internal Service Fund
Expenditure Highlights
No major changes planned for 2016.
2014 included a some property damage claims: knock down of a stop
light, roof collapse, frozen pipes, etc
(9)
Department Head: Finance Director
General Activity Desciption
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 2016 BUDGET
CITY OF ANDOVER, MINNESOTA
CITY OF ANDOVER l/
Sanitary Sewer System Financial Projections
Estimate Forecast
Year 2011 2012 2013 1014 2015 2016 2017 2018 2019 2020
Inflation Factor
3.0%
3.0%
3.0%
3.0%
3.0%
3.0%
3.0%
3.0%
3.0%
3.0%
Acres Added
5
5
5
5
5
5
New Connections
10
10
10
10
10
10
New Customers
35
35
35
35
35
35
Residential Accounts
7,025
7,093
7,130
7,301
7,511
Commercial SACS
1,403
1,411
1,479
1,499
1,517
Total Accounts
8,428
8,504
8,609
8,800
9,028
9,063
9,098
9,133
9,168
9,203
0.84%
0.90%
1.23%
2.22%
4.87%
Rates
Base Rate
$57.64
$59.37
$59.37
$59.37
$59.37
$59.37
$61.15
$62.99
$64.88
$66.82
Connection Charge
$418
$435
$435
$435
$435
$435
$452
$470
$489
$509
Area Charge
$1,551
$1,613
$1,613
$1,613
$1,613
$1,613
$1,678
$1,745
$1,814
$1,887
Base Rate
0.0%
3.0%
0.0%
0.0%
0.0%
0.0%
3.0%
3.0%
3.0%
3.0%
Connection/Area
0.0%
4.1%
0.0%
0.00%
0.0%
0.0%
4.0%
4.0%
4.0%
4.0%
Area Charge
0.0%
4.0%
0.0%
0.0%
0.0%
0.0%
4.0%
4.0%
4.0%
4.0%
Estimate
Forecast
[Enterprise Fund - Sanitary Sewer Operations
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Cash flows from operating activities:
Receipts from customers and users
$ 1,996,971 $
2,035,033 $
1,964,283 $
1,938,680 $
2,144,919 $
2,152,281 $
2,225,411 $
2,300,991 $
2,379,103 $
2,459,832
Payment to suppliers
(1,146,334)
(1,051,249)
(1,182,075)
(1,156,406)
(1,207,229)
(1,320,648)
(1,360,267)
(1,401,075)
(1,443,108)
(1,486,401)
Payment to employees
(280,371)
(294,583)
(287,648)
(295,075)
(329,036)
(345,663)
(356,033)
(366,714)
(377715)
(389047)
Net from operating activities
570,266
689,201
494,560
487,199
608,654
485,970
509,111
533,202
558,280
584,384
Cash flows from noncapital financing activities:
Transfers out - Replacement Reserve
(400,000)
(400,000)
(400,000)
(400,000)
(400,000)
(400,000)
(400,000)
(400,000)
(400,000)
(400,000)
Transfers out
(46,680)
(46,680)
(46,680)
(46,680)
(46,680)
(46,680)
(48,080)
(49,523)
(51,008)
(52,539)
Net from noncapital financing activities
(446,680)
(446,680)
(446,680)
(446,680)
(446,680)
(446,680)
(448,080)
(449,523)
(451,008)
(452,539)
Cash flows from capital and related financing activities:
Acquisition of capital assets
-
(4,482)
(54,573)
-
(90,500 )
(245,000)
(98,000)
-
_
Proceeds from the sale of capital assets
5,500
-
4,000
Net from capital and related financing activities
5,500
(4,482)
(50,573)
-
(90,500)
(245,000)
(98,000)
-
-
Cash flows from investing activities:
Investment income
63,175
45,390
(15,205)
68,423
40,000
40,000
40,000
40,000
40,000
40,000
Net increase in cash and cash equivalents
192,261
283,429
(17,898)
108,942
111,474
79,290
(143,970)
25,679
147,272
171,845
Cash and cash equivalents - January I
2,216,663
2,408,924
2,692,353
2,674,455
2,783,397
2,894,871
2,974,161
2,830,191
2,855,870
3,003,142
Cash and cash equivalents - December 31
$ 2,408,924 $
2,692,353 $
2,674,455 $
2,783,397 $
2,894,871 $
2,974,161 $
2,830,191 $
2,855,870 $
3,003,142 $
3,174,987
1
Capital Projects Fund - Sewer Trunk
Revenues
Connection Charges
Area Charges
Interest
Special Assessment
Replacement Reserve
Bond Proceeds
Other
Total
Expenses
Debt Service
Capital Outlay
Total
Net Increase (Decrease) in Fund Balance
Fund Balance -January I
Fund Balance - December 31
Capital Projects
Infrastructure
New Development Projects
Sanitary Sewer Upsizing- 143rd Ave
Sanitary Sewer Ext - Crosstown Blvd
Aztec Estates Lift Station Upgrade
Yellow Pine Lift Station
Rum] Reserve Trunk
Equipment
Total
Funded by Operations
Funded by Infrastmctum/Tmnk
Funded by debt
Total
IDebt I
Rate
Term
AADS
Cumulative DS
CITY OF ANDOVER 14
Sanitary Sewer System Financial Projections
Estimate Forecast
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
$ 2,926 $ 51,707 $ 103,775 $ 188,898 $ 65,948 $ 4,350 $ 4,524 $ 4,705 $ 4,893 $ 5,089
- - - - - 8,065 8,388 8,723 9,072 9,435
136,253 98,205 (19,019) 156,454 50,000 50,000 50,000 50,000 50,000 50,000
24,871 23,659 23,110 13,219 20,000 20,000 20,000 20,000 50,000 50,000
400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000 400,000
564,050 573,571 507,866 758,571 535,948 482,415 482,912 483,428 513,965 514,524
13,085
3,296
211,190
134,943
134,770
110,000
452,000
1,267,000
120,000
125,000
13,085
3,296
211,190
134,943
134,770
110,000
452,000
1,267,000
120,000
125,000
550,965
570,275
296,676
623,628
401,178
372,415
30,912
(783,572)
393,965
389,524
3,500,249 4,051,214 4,621,489 4,918,165 5,541,793 5,942,971 6,315,386 6,346,298 5,562,726 5,956,691
$ 4,051,214 $ 4,621,489 $ 4,918,165 $ 5,541,793 $ 5,942,971 $ 6,315,386 $ 6,346,298 $ 5,562,726 $ 5,956,691 $ 6,346,215
$ 110,000 $ 117,000 $ 117,000 $ 120,000 125,000
105,000
500,000
650,000
Current DS $ - $ - $ - $ - $ _ $ _ S _ $ _ $ _ $
475,000
98,000
$ - $
- $
- $
- $
- $
110,000
$ 697,000
$ 1,365,000
$ 120,000
$ 125,000
$ - $
- $
- $
- $
- $
-
$ 245,000
$ 98,000
$ -
$ -
-
-
-
-
-
110,000
452,000
1,267,000
120,000
125,000
$ - $
- $
- $
- $
- $
110,000
$ 697,000
$ 1,365,000
$ 120,000
$ 125,000
5.50%
5.50%
5.50%
5.50%
5.50%
5.50%
5.50%
5.50%
5.50%
5.50%
10
10
10
10
10
10
10
10
10
10
$ - $
- $
- $
- $
_ $
_
$ _
$
Current DS $ - $ - $ - $ - $ _ $ _ S _ $ _ $ _ $
CITY OF ANDOVER
Water System Financial Projections I.
EsOmate rw, Forecast
Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Inflation Factor 3.0% 3.0% 3.0% 3.0 °/a 3.00/6 3.0% 3.00/6 3.0% 3.0% 3.0%
Ave. Use (gal per user per qtr) 34,264 41,662 37,400 32,000 35,000 35,000 35,000 35,000 35,000 35,000
Acres Added 5 5 5 5 5
New Connections 10 10 10 10 10
New Customers 35 35 35 35 35
Residential Accounts 6,093 6,161 6,218 6,276 6,300
Commercial/Institutional Accts 143 142 149 153 153
Total Accounts 6,236 6,303 6,367 6,429 6,453 6,488 6,523 6,558 6,593 6,628
0.86% 1.07% 1.02% 0.97% 1.35%
Rates
Base Rate $11.89 $11.89 $12.19 $12.50 $12.81 $13.13 $13.46 $13.79 $14.14 $14.49
Use Rate $1.89 $1.89 $1.96 $1.98 $2.05 $2.12 $2.20 $2.27 $2.35 $2.43
Connection Charge $3,972 $3,972 $4,131 $4,296 $4,468 $4,647 $4,833 $5,026 $5.227 $5,436
Area Charge $3,640 $3,640 $3,786 $3,937 $4,094 $4,258 $4,428 $4,605 $4,789 $4,981
Base Rate 5.0% 0.00% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5% 2.5%
Use Rate 6.8% 0.00/0 3.7% 1.0% 3.5% 3.5% 3.5% 3.5% 3.5% 3.5%
Connection Charge 8.00% 0.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.00/. 4.0% 4.0%
Area Charge 8.00% 0.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.00/6 4.0% 4.0%
Cash flows from capital and related financing activities
Acquisition of capital assets
-
-
-
-
Estimate
-
(15,000)
Forecast
-
-
Enterprise Fund -Water Operations
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Cash flows from operating activities:
(1,115,036)
(7,600,675)
(830,166)
(828,807)
(831,487)
(833,101)
(828,751)
(833,338)
(826,776)
(829,045)
Receipts front customers and users
$ 2.094,287 $
2,551,954 $
2,305,675 $
2,178,391 $
2,300,000 $
2,367,984 $
2,456,601 $
2,548,639 $
2,644,229 $
2,743,507
Payment to supplicns
(778,830)
(1,015,656)
(742,008)
(745,176)
(870,550)
(933,500)
(961,505)
(990,350)
(1,020,061)
(1,050,662)
Payment to employees
(389,688)
(405,159)
(382,518)
(408,441)
(431,808)
(454,771)
(468,414)
(482,467)
(496,941)
(511,849)
Net from operating activities
925,769
1,131,139
1,181,149
1,024,774
997,642
979,713
1,026,682
1,075,822
1,127,227
1,180,996
Cash flows from noncapital financing activities:
(39,209)
(6,325,932)
201,657
111,030
84,654
96,458
79,020
(858,059)
163,601
210,668
Transfers in
-
7,134
4,242
20.737
58,249
85,096
35,847
11,857
12,332
12,825
Transfers out
(150,250)
(150,250)
(150,250)
(150,250)
(150,250)
(150,250)
(154,758)
(159400)
(164182)
(169108)
Net from noncapital financing activities
(150,250)
(143,116)
(146,008)
(129,513)
(92,001)
(65,154
(118,911)
(147,543)
(151,850)
(156,283)
Cash flows from capital and related financing activities
Acquisition of capital assets
-
-
-
-
(4,500)
-
(15,000)
(968,000)
-
-
Receipt ofbonds
Payment on debt
(1,115,036)
(7,600,675)
(830,166)
(828,807)
(831,487)
(833,101)
(828,751)
(833,338)
(826,776)
(829,045)
Proceeds from the sale of capital assets
2,000
4,000
Net from capital and related financing activities
(1,113,036)
(7,600,675)
(826,166)
(828,807)
(835,987)
(833,101)
(843,751)
(1.801,338)
(826776)
(829045)
Cash Flows from investing activities:
Investment income
298,308
286,720
(7,318)
44,576
15,000
15,000
15,000
15,000
15,000
15 ,000
Net increase in cash and cash equivalents
(39,209)
(6,325,932)
201,657
111,030
84,654
96,458
79,020
(858,059)
163,601
210,668
Cash and cash equivalents - January 1 8.306,923 8,267,714 1,941,782 2,143,439 2,254,469 2,339,123 2,435,581 2,514,601 1 656 542 1,820,143
Cash and cash equivalents - December 31 $ 8,267,714 $ 1,941,782 $ 2,143,439 $ 2,254,469 $ 2,339.123 $ 2,435,581 $ 2,514,601 $ 1,656,542 $ 1 820 143 $ 2,030.811
Capital Projects Fund - Water Trunk
Revenues
Connection Charges
Area Charges
Interest
Special Assessment
Replacement Reserve
Other
Xfer In
Total
Expenses
Debt Service
Capital Outlay
Xfer Out
Total
Net Increase (Decrease) in Fund Balance
Fund Balance - January I
Fund Balance - December 31
Ca ital Projects
Wells
Rehab Wells
Trunk
New Development Projects
Water Main Improvements
Plant
CITY OF ANDOVER Dq
Water System Financial Projections
Estimate Forecast
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
$ 24,239 $
118,495 $
332,853 $
487,928 $
204,842 $
46.467 $
48,326 $
50,259 $
52,269 $
54,360
-
-
-
-
-
21,289
22,140
23,026
23,947
24,905
88,543
54,177
(19,830)
71,236
40,000
40,000
40,000
40,000
40,000
40,000
47,742
59,440
34,216
37,274
30,000
30.000
30,000
30,000
30,000
30,000
160,524
232,112
347,239
596,438
274.842
137,756
140,466
143,285
146,216
149,265
485,406
-
784
7,134
973,950
4,242
183,920
20,737
35,000
58,249
40,000
85,096
43,000
35,847
683,000
11,857
755,000
12,332
50,000
12,825
485,406
7,918
978,192
204,657
93,249
125,096
78,847
694,857
767,332
62,825
(324,882)
224,194
(630,953)
391,781
181,593
12,660
61,619
(551,572)
(621,116)
86,440
2,977,573 2,652,691 2,876,885 2,245,932 2,637,713 2,819,306 2,831,966 2,893,585 2,342,013 1,720,897
$ 2,652,691 $ 2,876,885 $ 2,245,932 $ 2,637,713 $ 2,819,306 $ 2.831,966 $ 2,893,585 $ 2,342.013 $ 1.720,897 $ 1,807,337
$ 50,000 $ 50,000 $ 50,000 $ 50,((1) $ 50,000
40,000 43,000 43,000 45,000 50,000
640,000 710,000
25,000
Equipment
15,000
68,000
Automated Meter Reading System
900,000
Total
$
- $
- $
- $
- $
- $
90,000
$ 108,000
$ 1,701,000
$ 805,000
$ 125,000
Funded by Operations
$
- $
- $
- $
- $
- $
50,000
$ 65,000
$ 1,018,000
$ 50.000
$ 75,000
Funded by Infmstmcture/Fmnk
-
-
-
-
-
40,000
43,000
683,000
755.000
50,000
Funded by debt
-
_
_
_
-
-
Total
$
_ $
_ $
_ $
_ $
$
90,000
$ 108,000
$ 1,701,000
$ 805,000
$ 125,000
Debt
Rate
5.50%
5.50%
5.50%
5.50%
5.50%
5.50%
5.50%
5.50%
5.50%
5.50%
Term
10
10
10
10
15
15
15
15
15
15
AADS
$
- $
- $
- $
- $
- $
-
$ -
$
S -
$
Cumulative DS
$
_ $
_ $
_ $
_ $
_ $
_
$ -
$ _
S _
$ _
Current DS
$
1,115,036 $
7,600,675 $
830,166 S
828,806 $
831,487 $
833,101
$ 828,751
S 833,338
$ 826,776
$ 829,045