HomeMy WebLinkAboutWK - November 28, 2017-9 C I T Y O F
NDOVE
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 . (763) 755-5100
FAX (763) 755-8923 • WWW.ANDOVERMN.GOV
City Council Workshop
Tuesday, November 28, 2017
Conference Rooms A & B
1. Call to Order — 6:00 p.m.
2. Fire Department Update — Fire
3. Discuss Ham Lake Proposed Development —Engineering
4. Discuss Parking Issues at Prairie Knoll Park — Engineering
5. 2018 Budget Development/Tax Levy Final Review Before Public Hearing - Administration
6. 2017 Budget Progress Reports -Administration
7. October 2017 City Investments Review - Administration
8. Other Business
Closed Session
9. City Administrator Performance Appraisal
10. Adjournment
1685 CROSSTOWN BOULEVARD N.W.. ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-8923 . WWW.ANDOVERMN.GOV
TO:
CC:
FROM:
SUBJECT:
DATE:
Mayor and Council Members
Jim Dickinson, City Administrat(
David D. Berkowitz, Director of
Engineer
Discuss Ham Lake Proposed Development —Engineering
November 28, 2017
INTRODUCTION
The City Council is requested to review and discuss the attached proposed Ham Lake
development.
DISCUSSION
Attached is a proposed development in Ham Lake that borders the City of Andover. There are
two questions staff is requesting direction from the City Council.
Is there support to extend University Avenue north of Crosstown Boulevard?
Is there support to make a road connection to 173`d Lane to provide a secondary
access/egress to the Genthon Ponds development?
The cul-de-sac at the end of 173`d Lane has a sign (Temporary Cul-de-sac) that indicates that the
road will be extended in the future.
Details will be presented and discussed at the meeting. The developer (Jeff Stalberger) will be
attending the meeting and can provide more information regarding the proposed development.
ACTION REQUIRED
The City Council is requested to provide direction on how to proceed regarding the questions
identified above.
Respectfully submitted,
David D. Berkowitz
Attachments: Location Map E ail and Proposed Development Layout Received from Ham Lake
Cc: Jeff Stalberger (Email)
y ♦ j !l i ✓ t
J> �� -t�" -•. ' �-rte ?
r ;
pw
lw� FAR
69
�_•� \��r � V�� 4 y '� Jam^ , ` A 1� � % � 7 � t
U�am y -�_ 1. r - •.
a-:
PIP
•r
it
'� ��ti +oy 2-,.Lir r�ti- aY-� \ �� �� � .-.�► - ,—:��1
,,o sit! 1 ; •',
P r air
Dave Berkowitz
From: Tom Collins <TCollins@rfcengineering.com>
Sent: Tuesday, October 17, 2017 1:27 PM
To: Dave Berkowitz
Subject: proposed development
Attachments: Stalberger street layout - Section 6.pdf
Dave,
Jeff Stalberger is proposing a development in Section 6 of Ham Lake. The attached Concept C, along with the
proposed redlines per the ACHD, show the proposed road network. The southwesterly street is proposed to tie-
in with existing 173`d Lane NW. In addition, University Avenue is proposed to be constructed over the east side
of parcel 01-32-24-44-0009 (28 173`d Lane NW) and the proposed 33 -feet of right-of-way over the Ham Lake
parcel directly to the east. The 33 -feet of right-of-way over parcel 01-32-24-44-0009 was dedicated with the
Genthon Ponds Addition plat. I do not believe that Jeff has spoken with either parcel south of the proposed
right-of-way (17251 Butternut Street NW or 99 Crosstown Boulevard NE) to determine whether the cul-de-sac
will be extended further to the south to allow for additional development of these two parcels. Construction as
proposed would trigger a JPA for maintenance responsibilities of University Avenue. Any questions, comments
or concerns with what is proposed?
Tom Collins
RFC Engineering, Inc.
13635 Johnson Street
Ham Lake, Minnesota 55304
(763) 862-8000
tcollins&rfcenaineering.com
CONCEPT PLAN C
In A
NO"
,4, ; lit
� I
/ r O
r �/��/ —. � o�5f/•`fit°.. � ia.'gCf �� Csi�'+„• �L�--t 1��. �1 .. I
L I 1
,�jryu�H fP.QwU:�•a
i cpMK sG d
•" Professional Land Surveyors
'-' Lake NE Suite 110
Lino Lakes, MN SS19
r �. • x..vr
1685 CROSSTOWN BOULEVARD N.W.. ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-8923 • WWW.ANDOVERMN.GOV
TO:
CC:
FROM:
SUBJECT:
DATE:
Mayor and Council Members
Jim Dickinson, City Administrator�
David D. Berkowitz, Director of Pu c orks/City Engineer
Todd J. Haas, Asst. Public Works
Discuss Parking Issues at Prairie Knoll Park - Engineering
November 28, 2017
INTRODUCTION
The City Council is requested to discuss the parking issues that are occurring at Prairie Knoll Park.
DISCUSSION
As you know the last half of October and first week of November is playoff time for the youth football
program. On one of the nights recently (October 25th), when playoff games were going on, the Anoka
County Sheriffs Department received a call from a resident about vehicles parking in the ditch along 146th
Lane NW. This is not the first time the resident has called about parking issues at the park as this has been
an on-going concern by the residents over the past few years during both lacrosse and football seasons. The
Sheriffs Department responded to the call on October 25th and issued 3 citations. There were other
multiple individuals that moved their vehicle, so they were not cited. By moving the vehicles elsewhere, the
drivers really had no place to park accept on 148th Lane NW (north side of the park), Palm Street NW (west
of the park that can be accessed by the existing paved trail) and on Prairie Road since the south, north and
east parking lot within the park were full. There is designated No Parking signs along both sides of 1461h
Lane NW west of Prairie Road past the park. Prairie Road has a couple sections posted No Parking on both
sides, north and south of 146' Lane NW so it does not restrict the site distance concerns for vehicles
wanting to access onto Prairie Road or to cross the intersection. See attached aerial view of the park
identifying the No Parking locations.
To resolve the concerns that have been raised by the neighbors (mostly concerned with drivers parking in
the ditch or grassy areas or designated no parking areas) and by the Sheriff s Department regarding safety
specifically the parking on Prairie Road, there are options for the City Council to consider. They are as
follows:
Recommend allowing parking on the north side of 146th Lane NW west of Prairie Road.
The concerns with removing no parking is that the existing street is narrow (24 feet) which
will limit the movement of vehicles traveling east and west on 146th Lane NW especially
emergency vehicles. The other concern is if the City were to allow parking on the north side
of the street, damage will occur from vehicles parking on the shoulders and grassy areas
which will create maintenance issues for Public Works. Staff recommends continuing
restricting no parking on both sides of the street.
• Recommend restricting parking on the east side of Prairie Road north and south of 146`h
Lane NW. Posting no parking along this section will eliminate crossing by pedestrians
across Prairie Road which is posted as a 50 mph by MNDOT. Staff would prefer to see an
option that does not allow any parking on either side of Prairie Road NW.
• Recommend restricting the number of games being played on any given night. Staff would
suggest that no more than 2 games be played on any given night. The games could be
played at the same time or could be played back to back. Note: Most games are being back
to back since the referee officials referee both games. Staff has discussed with the football
association in the past about spacing out the start time for the second game but that was a
concern with the referees as they are not being paid to wait that long in between games. If
the association schedules 3 games on the same night, there could be as many as 6 teams at
the park at the same time or if the association schedules 4 games there could be as many as
8 teams at the park at the same time. With having 6 or more teams at the park at the same
time is creating traffic concerns as there just is not enough parking stalls to accommodate
that many teams and spectators/relatives/friends especially during the playoff games. Staff
would recommend limiting the number of games per night to no more than 2 games a night
either at the same time or back to back during the regular season and during football
playoffs.
There are two main concerns. First item is safety. Does the City want to continue allowing parking on
Prairie Road? If the City does not want to see parking along Prairie Road, then it will be necessary to
restrict the number of games being played or require the associations to space out the start time of the
second game at least one hour or more if 6 or more teams are scheduled to play at the park. The second
item is concerns of the neighbors located near the park. Vehicles are avoiding the streets posted No Parking
by parking in the ditch/grassy areas and in areas of the parking lot that are not designated parking stalls. By
City Code 8-4-1(I)3 it is unlawful to park and travel within City parks that are not designated for such
purposes. If there is no interest in allowing parking in these areas by the City Council, the Sheriff's
Department will direct the Deputies and CSO' to issue citations for the violations.
This is not the first time the Sheriffs Department has been dispatched to the park regarding issues with
parking. It has happened on numerous occasions over the past few years and the residents have continued to
bring these concerns to City staff and to the Sheriff Department's attention that something needs to be
done.
One other item that was brought up over the past few years by one of the neighbors at the north end of the
park is the existing gravel parking lot. The neighbors are having issues with dust from individuals that go to
the park and from issues of individuals spinning around in the gravel which causes a lot of dust and
grooves/ruts in the gravel. Public Works staff has regraded the parking lot and magnesium chloride is
applied at least once or twice a year to help keep the dust down, which will deteriorate over time thus
causing the parking lot to be dusty again later in the season. One of the other issues that has been brought to
staff's attention is since the parking lot is not paved and striped, drivers are not doing a good job knowing
how to park in the parking lot. Drivers are also driving in the grassy areas and driving in the ditches to
leave the lot onto 148a' Lane NW rather than backing out of the parking stall and using the exits that are
available at each end of the parking lot. The Park and Recreation Commission is recommending the parking
lot be paved and security lighting be provided for the parking lot and the trail that provides access to the
fields and building but did not identify the funding source to pay for it. Generally it would be funded by
park dedication but with limited funds available it appears the Commission would like to see if other funds
could become available to pay for it.
Three of the neighbors did participate in the discussion with the Park and Recreation Commission (1
individual at the north end of the park and 2 from the south end of the park). The neighbor from the north
end of the park recommends the City not allow any parking along Prairie Road NW for safety reasons and
pave the north parking lot (with curbing). The two neighbors at the south end of the park also would like to
see no parking be restricted along Prairie Road NW and continue enforcing the no parking signs along 146'
Lane NW west of Prairie Road. They also mention paving the north parking will help some but was not the
ultimate solution with presence of that many teams all at one time at the park.
ACTION REQUIRED
The City Council is requested to discuss the parking issues that are occurring recently at Prairie Knoll Park
and recommend the option or options that will result in having a safer area and eliminate neighborhood
parking concerns that have been raised.
Respectfully submitted,
4AO_IAWI�
Todd J. Haas
Cc: Paul Lenzmeier, Anoka County Sheriff's Department (copy sent by e-mail)
Jason Strasser, Andover Football Association (copy sent by e-mail)
Dan Thinnes, Andover Area Lacrosse Association (copy sent by e-mail)
Shane Stenzel, Park and Recreation Commission Chair (copy sent by e-mail)
Gary Aus, Resident (copy hand delivered)
Jim Linehan, resident (copy hand delivered)
Attachment: Aerial view of Prairie Knoll Park; South and north parking lot drawing details, Draft
Park Commission meeting minutes from November 16, 2017
725 1 665 1 645
0 I 14815
0
1486
NORTH 1{2 SECTION: 25
TOWNSHIP: 32 RANGE: 24
Map Date: Oct 17, 2005
N
1.y t
3"
Y
14755
0
✓ l
2 �
0
I
14655 .
650
580
v
m I
m
710
co
I
14590
I
840
a
v
541
p
715
14545
EnEn
o it't
F
cl)
C
NORTH 1{2 SECTION: 25
TOWNSHIP: 32 RANGE: 24
Map Date: Oct 17, 2005
II
I
j 'I ALL SIRIPMO 6HALL BE � SIX10 MHIft
DIRMSONS AAE MDR THE EDGE OF W. µO M FACE CURB
TO CEHIBA 6TNPE
ONIEBB ROM ALL PHOW0 SCALLS ARE 10' fi le'
DIAGONAL STRIPING SHALL BE 10' 0.1%
iW'• w F 69 SEALLB
- TryE 0 BAA UME
— W/ PARWNG LOi CIASID SIGN
`ME C ROAD WJRY.µUp SCN
PucE Gar rasr oP 011MNCE
0 C) Q -
° 3 - TME N eAPP1CABE
146TH LANE N.W. B/ PMRIHO LOT 0.0BC0 SIM a J/
TRE C flOAO FA6MOT ORNF FNMµµF/-0 SIGN
_ PUCE 30W CE
SOu-1, goYK,v� loi' -' 89 g -'As
(Pavel) °
=—W. W. �""`W �p�"��� I CITY O F PRAIRIE KNOLL PARK PARKING LOT IMPROVEMENTS I SOUTH PARKING LOT
�pp ����� DOVE CITY PROJECT NO. 14-14 BASE BID LAYOUT /STRIPING PLAN
9oG ��'P1e`J•�- -� eu S.A.P. 198-117-003 AND 190-101-012
SHEET N0. 41 OF 46 SHEETS
ITPE 0 6µplc
W/ T11IlL GD3G
E I I
OR
El
OMIAY / RECONBM OT 61NWNWS TWL
.
P0.CPG9L r Emm E
Ial ,1
PRWOSFD 6611 CONfAE2 CkO
iW'• w F 69 SEALLB
- TryE 0 BAA UME
— W/ PARWNG LOi CIASID SIGN
`ME C ROAD WJRY.µUp SCN
PucE Gar rasr oP 011MNCE
0 C) Q -
° 3 - TME N eAPP1CABE
146TH LANE N.W. B/ PMRIHO LOT 0.0BC0 SIM a J/
TRE C flOAO FA6MOT ORNF FNMµµF/-0 SIGN
_ PUCE 30W CE
SOu-1, goYK,v� loi' -' 89 g -'As
(Pavel) °
=—W. W. �""`W �p�"��� I CITY O F PRAIRIE KNOLL PARK PARKING LOT IMPROVEMENTS I SOUTH PARKING LOT
�pp ����� DOVE CITY PROJECT NO. 14-14 BASE BID LAYOUT /STRIPING PLAN
9oG ��'P1e`J•�- -� eu S.A.P. 198-117-003 AND 190-101-012
SHEET N0. 41 OF 46 SHEETS
0 — TfPE IA BIAPICIDE — — — — — — — — — — —
W/ PANNING LOT LIDsED SON 148TH LANE N.W.
BN.
Iy
f0E' w IR' two' Ill'
rtor� Pourk�v�p Lod —Its si-wlls i /'
] - TYPE III BARRICADE
W/ PAWING LOT MBEB RON
` —iw—
TIP.
THE C ROAD MW µG0 SIM
PGCE ]W WEST OF MIRANCE
IN
ti
16
I
12Y
`
PROPOSED 0• CONCREIE \
o PROPOsm BBI2 WANC1E CBO. \ \
PROPOSED RIM SEMFII I I / / 51PIPINO NOrts
CG�a.Fel SulEoee� I I I I ALL TX@WO BNALL BE eSOu. DE
SIE TDIOMENNSSONNS MEPE OM IME EDGE OF BIL AND OR FACE GIRD
TERI I GNIEsi NOTED NL PNWNO SINLS ARE 1V x IV
k A I OIAGONK ADDING SHALL BE AO' 0.0.
i1TE IO BMflICAOE �
W/ TPNL CWSFp 5GX� I / ��
\\111hI
I I
I I
I
u ArR
Gu
EAGIINO SEOWBNTATON POND
PRAIRIE KNOLL PARK PARKING LOT IMPROVEMENTS
CITY PROJECT 140. 14-14 ALTERNATE 810
S.A.P. 198-117-003 AND 198-101-012
NORTH PARKING LOT
LAYOUT / STRIPING PLAN
Regular Andover Park & Recreation Commission Meeting
Minutes —November 16, 2017
Page 6
Ms. Kelly (last name unknown) who lives on Silverod Street NW would like to see the
trail e sion to allow for bicycles and strollers to easily access the park. e
playgroup equipment is now for younger kids. She would like age ap riate
equipment in e park for young and older kids. Sand volleyball, tennis co ould be
issues.
Chair Stenzel asked if e are any trees planted and Mr. Grode ed there were some
planted but they will take hile to get large enough for sha . Chair Stenzel thanked
the residents for coming and n d there are some funds av ' ble due to the water tower
lease the City has with Verizon fo ing in the park. nvited residents to contact Mr.
Haas with any other suggestions.
Commissioner Butler agreed with the cone out parking. He stated it is better now
than it used to be. The parking lot was ex d when the second ball field was added.
The Commission should look at add' some Nvarking spots and making the
entrance/exits safer.
Chair Stenzel asked if anyone ould be opposed to moving shelter closer to the green
space area. A number of sidents raised their hands. Mr. stated staff would not
recommend that either. r. Haas mentioned that the reason the grounds are located
near the infield are is that some parents may other children wi them that are not
playing and hav' g to watch game close by and having their other ldren on the
equipment ri adjacent to them is a benefit. Mr. Haas indicated he will ak with the
ABA abo preading the games apart further to help out on the parking situate .
Mraas stated the neighborhood will be surveyed before any equipmelK is
or ered/installed for their input. ��
DISCUSS PARKING ISSUESAT PRAIRIE KNOLL PARK 0
Mr. Haas reviewed with the Park and Recreation Commission regarding the last half of
October and first week of November which is playoff time for the youth football
program. On October 25, when playoff games were going on, the Anoka County Sheriff s
Department received a call from a resident about vehicles parking in the ditch along 140h
Lane NW west of Prairie Road. The Sheriff's Department responded to the call and
issued 3 citations. There were multiple individuals that moved their vehicles, so they
were not cited. By moving the vehicles elsewhere, the drivers really had no place to park
except on 148th Lane NW (north side of the park) and on Prairie Road since the south,
north and east parking lots were full. There is no parking allowed along both sides of
146a' Lane NW west of Prairie Road past the park. There are also a couple sections
posted no parking on both sides of Prairie Road north and south of 146th Lane NW so it
does not restrict the site distance concerns for vehicles wanting to access onto Prairie
Road or to cross the intersection. An aerial view of the park identifying those no parking
areas was provided in the packet.
Regular Andover Park & Recreation Commission Meeting
Minutes —November 16, 2017
Page 7
To resolve the concerns that have been raised by the neighbors (mostly concerned with
drivers parking in the ditch or grassy areas or designated no parking areas) and by the
Sheriff's Department regarding safety specifically the parking on Prairie Road, there are
options for the Park and Recreation Commission to consider. The options are:
• Recommend to the City Council to allow parking on the north side of 146th Lane
NW west of Prairie Road. The concerns with removing no parking is that the
existing street is narrow (24 feet) which will limit the movement of vehicles
traveling east and west on 146' Lane NW especially emergency vehicles. The
other concern is if the City were to allow parking on the north side of the street,
damage will occur from vehicles parking on shoulders and grassy areas which
will create maintenance issues with the Public Works Department. If the
Commission would prefer a nice -looking area along the street, it is recommended
to continue restricting no parking on both sides of the street.
• Recommend to the City Council to restrict parking on the east side of Prairie
Road north and south of 146th Lane NW. Posting no parking along this section
will eliminate crossing Prairie Road which is posted as a 50 mph by MNDOT.
• Restrict the number of games being played on any given night. Staff would
suggest that no more than 2 games be played on any given night. The games could
be played at the same time or could be played back to back. Most games are being
back to back since the referee officials referee both games. Staff has discussed
with the football association in the past about spacing out the start time for the
second game but that was a concern with the referees as they are not being paid to
wait that long in-between games. Once the association schedules 3 games there
could be as many as 6 teams at the park at the same time or if the association
schedules 4 games there could be as many as 8 teams at the park at the same time.
With having 6 or more teams at the park at the same time is creating traffic
concerns as there is not enough parking stalls to accommodate that many.teams
and spectators especially during the playoff games.
It really comes down to two items: First item is safety. The second item are concerns of
the neighbors located near the park.
This was not the first time the Sheriff's Department had been dispatched to the park
regarding issues with parking. It has happened on numerous occasions over the past few
years and the residents have continued to bring these concerns to City staff and to the
Sheriff Department's attention that something needs to be done.
A letter was sent to the neighbors that live around the park was provided for Commission
review along with a map of the area identifying the property owners that were notified.
The safety and parking concerns will be presented to the City Council at their Work
Session meeting on November 28, 2017.
Regular Andover Park & Recreation Commission Meeting
Minutes —November 16, 2017
Page 8
Commissioner Miskowiec asked if the issue is people wanting to park close to their
particular game. Mr. Haas stated when there are eight teams present there are many cars.
Chair Stenzel stated he was at the park and people parked fairly well in the north lot and
the other lots were full along with parking on the streets. This was during a playoff game.
He cited other parks with parking issues during tournaments, etc. but just occasionally.
He does not feel generally parking is a problem. Mr. Haas stated the neighbors are
looking for enforcement of no parking areas.
Commissioner Butler stated there is no funding available to pave and stripe the north
parking lot. If it is only a couple times a year it could be worked with the association.
Commissioner Lindahl asked about game scheduling. Mr. Jason Strasser, Andover
Football Association President, reviewed the scheduling of the tournaments. He stated
when the people arrive for the second game the north lot is not lighted. Mr. Strasser
stated they often turn on the lights on both fields even when there are not games to help
light the area. He has spoken to the Sheriffs Deputies that monitor the parking. Games
are typically scheduled 1 '/2 hours apart and games typically last 1 '/4 hours. Andover has
the largest football association in the North Metro. Most of the time Prairie Knoll Park
has had adequate parking. Football is a short season. It was mentioned that better signage
would help in the no parking areas. Mr. Haas stated they can look at additional signage.
Mr. Dan Thinnes and Brian (last name unknown), representing the Andover Area
Lacrosse Association (AALA), stated there is a parking problem and parents have tried to
park on 146th Lane NW. They do use the parking area at the north end of the park when
using smaller field. The south parking lot is not large enough to handle the overlap of
games but there is overflow parking. signs in the south parking lot to direct drivers to park
in the parking lot. He also stated that adding security lights along the trail would be nice
and additional lighting in the north parking lot would be helpful. Brian from AALA
stated there are a lot of people not aware of the north parking lot. AALA have been
unable to communicate to the visiting teams but there is enforcement and the Sheriff
Department is there often.
Lt. Paul Lenzmeier, Anoka County Sheriff Department, was present at the meeting. He
stated this was a problem 12 years ago also. There are not enough spots for parking and
the Deputies are frustrated with dealing with this issue. There needs to be better signage
for the no parking areas and better signage for the overflow parking. If the games could
be spaced better that would help. His main concern is Prairie Road and allowing parking
on both sides would be a bad choice. He would rather have parking on the north side of
146" Lane NW rather than on Prairie Road. Chair Stenzel asked if calls are related to
parking on 146th Lane NW and Lt. Lenzmeier stated they are. Mr. Haas stated the City
can designate the additional no parking areas by resolution. Mr. Haas stated a sight
distance analysis was done at the intersection of 146h Lane NW and Prairie Road so
allowing vehicle parking closer to the intersection would not be recommended by staff.
Regular Andover Park & Recreation Commission Meeting
Minutes —November 16, 2017
Page 9
Parking on the east side of Prairie Road presents more danger but neither are desirable.
Chair Butler asked if signage can be improved. Mr. Haas stated they will address signage.
Commissioner Butler left the meeting at 8:22 p.m.
Mr. Gary Aus who lives on 146th Lane NW stated that on 146th Lane NW all it takes is
one person to park in the ditch and others follow. The street is not wide enough for a fire
truck to pass if vehicles are parked on both sides of the street. He stated the existing no
parking signs help tremendously. He has seen as many as 50 cars parked on Prairie Road
on both sides of the road. Cars are going over 50 mph on that road. He doesn't think there
should be parking on the east side. He feels the speed should remain at 35 mph. The
games are scheduled too close together. He asked why other parks can't be used for
football games. Commissioner Lindahl asked how many times Mr. Aus sees cars parked
on both sides of Prairie Road. Mr. Aus stated there generally are more vehicles parked
there for the football games. There are cars parking in the ditch at the south end of the
park by the overflow parking lot sign that is posted. Mr. Aus has had his mailbox
knocked over, his driveway used for a turn around and his lawn has been torn up. Mr.
Aus said this park has been an issue since he moved into his house.
Mr. Jim Linehan who lives on north side of the park on 148th Lane NW, stated he thought
the north parking lot was going to be paved. He'd like to know how much is spent on
maintenance. The lot needs to be paved with curbing. He stated parking on Prairie Road
is dumb. He asked if it will take someone being killed before something is done.
Something needs to be done with the pavilion. They are using the power box to get on the
roof. He has made a lot of calls to the Sheriff's Department, but he is tired of looking
after that park. He cannot have his windows open in the summer because of the dust. He
stated the north lot is full often but if it was paved more people would park there.
Ms. Gina (last name unknown) stated the no parking area has been enforced. She thinks
more signage would be helpful. Parking on Prairie Road is very dangerous.
Mr. Dan Thinnes, AALA, stated when the south parking lot was being paved, the north
parking lot was used. He suggested expanding the north parking lot further to the east.
Chair Stenzel suggested Football and Lacrosse Associations get together and petition the
City to put in a pedestrian crossing on Prairie Road or speak with the adjacent landowner
on the east side of Prairie Knoll Park north of 146th Lane NW to mow the property and
rent/lease it so additional parking could be provided as an additional overflow parking
lot.
Mr. Strasser stated the football association has reduced its' use of Prairie Knoll Park
fields over the past couple years. They only play 2-3 days per week. They practice on
baseball fields throughout the City and use Sunshine Park fields for games and practices.
Regular Andover Park & Recreation Commission Meeting
Minutes — November 16, 2017
Page 10
Motion by Stenzel, seconded by Marinello, to recommend to the City Council to pave the
jo north lot of Prairie Knoll Park and add lighting along the path. Motion carried on a 6 -
ayes, 0 -nays, and 1 -absent (Butler) vote.
PLAYGROUND EQUIPMENT REPLACEMENT PLAN (TERRACE AND
1ANPARKS).
Mr. Haa requested the Parks and Recreation Commission to discuss playground
equipment lacement plan for 2018. With Purple Park playground equipment bei on
hold for 1 ye until the Community Center exploration plan has been
co
d and
received by the 'ty Council, it is recommended by staff to consider replacin ne of the
following playgro d structures at either Strootman Park or Terrace P Mr. Haas
provided the followi information on each of the structures as follows:
Strootman Park (Park 46 on the Park Map) — This park is in the al part of the City in
a 2.5 -acre lot develop
The existing playground equipme was installed in 2002.
The equipment is outdated, aN the fall zone areas are sand rth rotting timber borders.
Some of the rubber surfaces tha exist in the area are starti to peel off, the swing set sits
too high and the paint is peeling f the metal on the e ipment. Some of the welds are
also rusty.
Terrace Park (Park 47C on the Park ' p) — T park is in the urban part of the City
which are generally about a third of an/ i ize. The existing playground equipment
was installed in 2002 and is in a little ' better condition than the equipment at
Strootman Park but is still outdated. Thef ne is sand, and all the timber borders need
to be removed.
Of these two parks, Terrace Par is getting re use than Strootman Park. The
Commission may want to hol off on the pla ound equipment replacement at
Strootman Park until such tim e Commission has an opportunity to evaluate this
park as part of the study to ermine if this is one of th parks where the playground
equipment is not replaced t all or is downsized. From a cation perspective Terrace
Park is the only park in s general area and having the play and structure replaced at
this park makes sense. Haas noted Pine Hills South Park r already scheduled to be
refurbished in 2018.
Motion by Lind 1, seconded by Marinello, to recommend the CityVouncil replace the
playground st cture at Terrace Park. Motion carried on a 6 -ayes, 0- ys, and 1 -absent
(Butler) volt .
A7onby
MENT OF WORK SESSIONMEETING
MLindahl, seconded by Commissioner Miskowiec, to adjourn the wo session
meeting at 9:00 p.m. Motion carried on a 6 -ayes, 0 -nays, and 1 -absent (Butler) v te.
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-8923 • WWW.ANDOVERMN.GOV
TO: Mayor and Councilmembers
FROM: Jim Dickinson, City Administrator
SUBJECT: 2018 Budget Development/Tax Levy Final Review Before Public Hearing
DATE: November 28, 2017
INTRODUCTION
City Departments by July 1st submitted to Administration/Finance their proposed 2018 Annual
Operating Budgets. Department budgets were reviewed for adherence to the Council's 2018
Budget Development Guidelines. The City Council has also had a number of reviews of the 2018
Proposed General Fund Budget that will be supported by the 2018 Tax Levy.
On September 19th the City Council approved the 2018 Preliminary Levy certification. This
approval was the outcome of the numerous budget workshops held by the Council over the
summer. The Preliminary 2018 Budget proposes a total property tax levy of $12,416,357:
$8,643,256 (69.61%) operational levy, $1,599,087 (12.88%) debt service levy, and $2,174,014
(17.51%) capital/watershed levy. (see attached Property Tax Levy spreadsheet)
The 2018 Proposed Property Tax Levy is estimated to reduce the current City tax rate by over 7%
but will generate additional tax revenue to preserve the City's current operations and infrastructure
assets. This is a 4.00% increase in the gross tax levy. The Council has the right to reduce or keep
constant this levy until the final certification date of December 28, 2017.
By the November 28th workshop, property tax statements should have been received by all of the
City of Andover residents and businesses.
Much of what will be covered at the workshop will be repeat information with updates to
date; Administration is looking for Citv Council direction as the final preparation steps for
the December 5, 2017 Budget/Levy Hearing for the 2018 Budget nears. City Administration
will review with the Council the bold italics items at the meeting. Also.....
Administration/Finance will review with the Council the following attachments at the meeting:
1. Pay 2018 Valuation Estimates (pg. 8)
2. City ofAndover Property Tax Levy — 2014 to proposed 2018 s 9 —10,)
3. Proposed Resolution to Adopt the 2018 Budget and Tax Levy fpgs 11 —13)
4. City ofAndover 2018 Budget Summary by Fund Types (pgs 14 —23)
5. Proposed 2018 General Fund Revenue & Expense Summary (pgs 24 — 27)
6 Graphs that will be used at the December S 2017 Budget Hearing fts 28 — 34)
DISCUSSION
The following are the 2018 Budget Development guidelines adopted at the April 18`11 City Council
meeting along with progress updates:
1) A commitment to a City Tax Capacity Rate to meet the needs of the organization and
positioning the City for long-term competitiveness using sustainable revenue sources and
operational efficiencies.
Note: The Anoka County Assessor taxable market valuefigures for the City of Andover are
reflecting close to a 16.22% increase in total taxable market value. The 2018 Proposed
Property Tax Levy that was approved estimates reducing the current City tax rate by over
7%. (See attached City ofAndover Pay 2018 Valuation Estimates.)
2) A fiscal goal that works toward establishing the General Fund balance for working capital at
no less than 45% of planned 2018 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 2017
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. The 2018 proposed budget exceeds this guideline, also
Emergency Fund Balances (approximately 3% of planned General Fund expenditures) are
in place to stabilize a situation, not be a complete solution.
3) A commitment to limit the 2018 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 2018 debt levy is at 12.88% of the gross tax levy, the 25% guideline
provides reasonable margin to accommodate a 2018 Equipment and/or an Improvement
Bond if necessary.
Please keep in mind thatfor the 2017 & 2018 budgets, $500,000 & $525,000 respectively of
existing debt levy is temporarily moved to a Capital Levy to fund planned equipment
purchases (rather than issuing debt), that change decreases the debt levy percentage of the
gross tax levy significantly.
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 based on a cost benefit
analysis rather than a year based replacement schedule.
Note: The City Vehicle Purchasing Committee has completed this analysis, and has made
recommendations to the City Council as part of the 2018-2022 Capital Improvement
Plan(CIP) development process. A public hearing was held October 17th on the 2018-2022
CIP and the CIP was adopted at that 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 variousfinancial models to determine the long-term
impacts of present day expenditures and financing decisions. Fiscal assumptions are based
upon a complex set offinancial data including growth factors, tax capacity valuations, per
capita spending and debt ratios. A long range financial model was reviewed with the
Council during the budget deliberation discussions.
6) Continued commitment to strategic planning targeted toward meeting immediate and long-
term operational, staffing, infrastructure and facility needs.
Note: A strategic planning session was held with the City Council in 2015, with a final
Council Community Vision and Organizational Goals and Values document approved by
the City Council. Administration is to assure that 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: Management pays special attention to fiscal values, commercial & residential
development or redevelopment, collaboration opportunities, service delivery and the
livability/image of the community.
Staffing:
Administration did receive new staffing requests from the Fire Department for the 2018 budeet.
One request was to expand the Duty -Crew model to cover weekends and the other was for an
administrative support position to focus on mortine needs and community based education.
After evaluation. Administration recommended the expansion of the Dutp-Crew model to cover
weekends. Relative to the full-time administrative support position. I have requested that
Human Resources pursue the use of existing staffing to address the administrative support and
community based education proposal.
There are some anticipated retirements and staff vacancies within the next few years; in response
Administration is making a concerted effort to focus on appropriate succession planning effective
utilization of internship opportunities in impacted departments continued cross -training of staff,
part-time staffing and the potential realignment of existing resources.
Personnel Related Implications:
To date the following are projected issues facing personnel related expenses:
1. Human Resources has reviewed 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 a 2018
budget proposal. A cost of living adjustment (COLA) for non -bargaining employees is
also proposed.
A Public Works Union contract was approved by the Council on September 191h, the
new contract is set to expire on December 31, 2019. As part of that new contract, a 3%
COLA is provided for in 2018.
2. A review ofthe health plan was conducted with our broker in July. The current employee
health & dental plan provider is with HealthPartners. Administration authorized a
marketing of the health plan to keep the rates inline as a rate increase under
HealthPartners was proposed. Marketing was successful as Health Partners ultimately
The City offers employees an open access high deductible plan ($5,000 family plan
deductible and $2,500 single plan deductible) with a health spending account (HSA), this
was implemented originally in 2006. As part of the program, the City pays for 100% of
the single health insurance premium and 76% for a family health insurance premium. The
City does contribute annually to the employee's HSA.
Contractual Departments:
1. The City Attorney has agreed to a fee neutral status -quo service level contract for 2018.
2. The 2018 City of Andover Law Enforcement proposed expenditure budget is $3,053,526
which is offset by a Police State Aid revenue budget of $135,200 and School Liaison
revenue budget of $95,529 reflecting a net tax levy impact of $2,822,797.
The 2018 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
Sheriffs Department additional, but is not billable per the contract
City Council direction was for Staff to secure a Status Ono Contract with the Anoka
County Sheriff for 2018. Negotiations for a Status Quo Contract for 2018 reflected a
3.07% increase ($90.975) over the 2017 contract. The 2018 Law Enforcement Contract
was approved at the October 3rd City Council meeting.
Council Memberships and Donations/Contributions:
The following memberships/contributions are included in the 2018 Budget:
■ North Metro Mayors Association
$15,150
(GF)
• Metro Cities
$ 9,518
(GF)
• Mediation Services
$ 3,366
(GF)
■ YMCA — Water Safety Program
$ 8,500
(GF)
■ Alexandra House
$18,328
($15,328 GF & $3,000 CG)
■ Youth First (Program Funding)
$14,000
($12,000 GF & $2,000 CG)
• NW Anoka Co. Community Consortium - JPA
$10,000
(GF)
• Teen Center Funding (YMCA)
$24,500
($8,100 GF & $16,400 CG)
• Family of Promise
$ 3,000
(CG)
■ Lee Carlson Central Center for Family Resources
$ 1,500
(GF)
• Senior High Parties
$ 1,000
(CG)
• Stepping Stone
$ 900
(CG)
Some are funded via the General Fund(GF), and those that qualify for charitable gambling
undine are done through the Charitable Gambling (CG) Special Revenue Fund
Capital Projects Levy:
Capital Projects Levy — The proposed 2018 Capital Projects Levy Budget specifically designates
$2,134,014 of the general tax levy to capital projects and equipment needs relating to Capital
Project Outlay ($275,000), Capital Equipment Purchases ($525,000) Road and Bridge
($1,169,014), Pedestrian Trail Maintenance ($100,000), Park Projects ($15,000) and Facility
Maintenance Reserve ($50,000). 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 FuniL That State of Minnesota funding has
largely gone away, down to $2,706 for 2016 and nothing budgeted for 2017 and 2018.
Future increases in LGA or even the presence of LGAJar the City of Andover based on
the current State formula are remote.
The City of Andover Road & Bridge proposed levy of $1.169,014 for 2018 is a 4.74%
increase over 2017.
The City ofAndover provided a 2.0% increase in the Pedestrian Trail Maintenance levy
to $63,075 for 2017, Administration is recommending another Pedestrian Trail
Maintenance levy increase to $100.000 for 2018, a 58.54% increase in funding.
• 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 was $61.500, but only $15.000 was levied for 2016. $46.500 ofthe previous
levy was re -assigned to the General Fund to focus on Park's maintenance/replacement
items. In addition to the re -assigned funds an additional $43.500 of General Fund levv
was assigned to Parks Repair/Replacement items for a total levy of $90.000 in 2016 and
that continued for 2017. The 2018 General Fund levy assigned to Parks
Repair/Replacement items levy is proposed to be $100.000.
Again for 2018 Administration is recommending a Parks Project levy beset at $15,000.
• Capital Equipment/Project
Under the Capital Projects Levy, a levy is proposed to be designated to Capital
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 2017 levy is $250.000,
Administration is recommending a $25.000 increase to $275.000 for 2018.
• Capital Equipment Purchases
New, for the 2017 equipment purchases Administration/Finance proposed a straight
$500,000 Capital Equipment Purchases Levy for the 2017 equipment purchases rather
than through debt service levy and an equipment bond This process was anticipated to
continue through 2018. Administration will be recommending that same process again
or 2018, but increasing the levy by $25,000 to $525.000.
• Facility Maintenance
This is a new proposed $50,000 levy for 2018. The recent facility condition assessment
study has identified many maintenance related repairs for City facilities such as roofs,
HVAC, electrical panels, fire alarm systems, windows and air quality related items.
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. (ata along with Ehlers & Associates have completed reviews to see
if any refinancing opportunities are available now, of which there are none • 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 2018 Debt Service levy is as follows:
• 2010A G.O. Open Space Referendum $ 188,777
• 2012C Taxable G.O. Abatement Bonds $ 972,055
• 2014A G.O. Equipment Certificates $ 294,945
• 2016A G.O. Equipment Certificates $ 143,310
Total $1,599,087
The proposed 2018 Debt Service levy reflects a.68% decrease ($10,960).
ACTION REQUESTED
The Council is requested to receive a presentation and provide direction to staff.
:ted,
Taxable Market Values
$3,500,000,000
$3,000.000,000
$2,500,000,000
$2,000,000,000
$1,500,000,000
$1,000,000,000
$500,000,000
$0
Pay 2015 Pay 2016 Pay 2017 Pay 2018
Tax Capacity Values
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
Pay 2015 Pay 2016 Pay 2017 Pay 2018
1e
CITY OF ANDOVER
Pay 2018 Valuation Estimates
Pay 2015
Pay 2016
Pay 2017
Pay 2018
Taxable
Tax
Taxable Tax
Taxable
Tax
Taxable
lax
Market
Capacity
Market Capacity
Market
Capacity
Market
Capacity
Value
Value
Value Value
Value
Value
Value
Value
Andover Valuation Totals
$
2,435,770,612 $
25,705,350
$ 2,539,686,867 $ 26,847,273
$ 2,636,599,713
$
27,920,178
$ 3,064,254,900 $
31,321,817
Captured Tax Increment
(210,936)
(248,327)
(91,996)
(94,542)
Fiscal Disparity Contribution
(998,390)
(1,055,284)
(1,124,211)
(1,184,728)
Local Tax Rate Value
24,496,024
25,543,662
26,703,971
30,042,547
Fiscal Disparity Distribution
4,257,801
4,264,789
4,516,466
4,807,372
Total Adjusted Values
$
28,753,825
$ 29,808,451
$
31,220,437
$
34,849,919
3.67%
4.74%
11.63%
Taxable Market Value
Tax Capacity Value
% Change
% Change
Pay 2015
$
2,435,770,612
Pay 2015
$
25,705,350
Pay 2016
$
2,539,686,867
4.27%
Pay 2016
$
26,847,273
4.44%
Pay 2017
$
2,636,599,713
3.82%
Pay 2017
$
27,920,178
4.00%
Pay 2018
$
3,064,254,900
16.22%
Pay 2018
$
31,321,817
12.18%
Taxable Market Values
$3,500,000,000
$3,000.000,000
$2,500,000,000
$2,000,000,000
$1,500,000,000
$1,000,000,000
$500,000,000
$0
Pay 2015 Pay 2016 Pay 2017 Pay 2018
Tax Capacity Values
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$0
Pay 2015 Pay 2016 Pay 2017 Pay 2018
1e
City of Andover, Minnesota
Property Tax Levy
Other Levies
Capital Projects Levy
Capital EquipmenVPmject
Derfified
Certified
Certified
Certified
Requested
2.21%
$
Change
1000%
Capital Equipment Purchases
2014
2015
2016
2017
Mill
%of Total
$
s
%
General Fund Levv
-
-
-
-
50,000
0.40%
S
W.000
nle
General Operations
$ 7.435,891
$ 7,630,892
$ 7,947,528
$ 8,254,354
$ 8,543,256
68.81%
$
280,902
3.50%
Parks Repe r(Replacement Items
967.197
967,197
9.000
90,000
100,000
0,81%
$
10.000
11.11%
Total General Fund
7,435,891
7,630,692
8.037,528
8,344,354
11,643,256
69.61%
$
298,902
3.58%
Debt Service Funds Lew
2004 EDA Public Facility Revenue Bonds
181,803
-
-
-
-
0.32%
$
0.00%
2010A G.O. Open Space Referendum Bonds
187,283
184,238
196,291
187,840
188,7P
17.51%
$
189,860
9.57%
2012A G.O. Equipment CediBcete
140,000
140.000
142,885
-
-
100%
S
477,802
4.00%
20128 G.O. Cap Improv Refunding Bonds
561,015
540,120
498,435
-
-
2012C Taxable G.O. Abatement Bonds
740.965
975,652
977,332
974,418
972,055
2014A G.O. Equipment Ce0 ricate
260,000
296,055
295,470
295,260
294.945
2016A G.O. Equipment COdicate
152,529
143,310
Total Debt Service
2,071,066
2,136,131
2,100,413
1,610,047
1,599,087
12.88%
$ (10,960)
4).68%
Other Levies
Capital Projects Levy
Capital EquipmenVPmject
210,000
250.000
2W,000
2W,000
275,000
2.21%
$
25,000
1000%
Capital Equipment Purchases
-
-
-
50.000
525,000
4.23%
$
25,000
500%
Facility Maintenance Reserve
-
-
-
-
50,000
0.40%
S
W.000
nle
Pats Projects
61,500
61,500
15,000
15,000
15,000
0.12%
S
-
0.00%
Road &Bridge
967.197
967,197
1,089.146
1,116.079
1.169,014
9.42%
S
52,935
474%
Pe0esinen That Maintenance
5.271
58,271
61,638
63,075
100,000
0.81%
$
36.925
58.54%
Lower Rum River Welershed
40,000
40,000
40,000
40,000
40.000
0.32%
$
0.00%
Total Other
14336,968
1,376,968
1,455,984
1,984,154
2,174,014
17.51%
$
189,860
9.57%
Gross City Levy
10."3.925
11,143,925
11,593,925
11,938,555
12,416,357
100%
S
477,802
4.00%
Less Fiscal Disparities Distribution
Local Tax Rate Levy
S
1,718,153
9,125,772
1,846,295
S 9,297,630
1,586,747
It 10,007,178
1,736,647
$ 10,202,008
1,802,963
S 10,613,394
Less Levy Based on Metal Value
f
187,283
f 184,238
f 186,291
$ 187,840
f 188,77]
Net Local Tax Rate Levy
S
8,938,489
S 9,113,392
S 9,820,887
$ 1.014,168
$ 10,424,617
Adjusted Tax Capacity Value" (1)
20,615,782
24,496,024
16.82%
26,543,662
4.28%
26,703,971
4.54%
30,042,547
12.50%
Tax Capacity Rate"' 43.358% 37.204% 38.447%
Tax Capacl y Rate W/O LRRWSD 43.197% 37.070% 38.314%
Tax Capacity Rate With LRRWSD 43.657% 37.461% 38.702%
Voter Approved Ref - MV 0.00841% 0.00719% 0.00699%
"Adjusted Value def ermined by adjusting Por Fiscal Disparities and Tax Increment estimates.
"' Blended rate due to the Cxy of Andover levying fpr Lower Rum River Wafershe f Cannot
(1) Adjusted Tax Capacity Value is subject to change.
Change % Change
37501% 34700% -2.801% -7470%
37.374%
37338%
0.00681%
City of Andover
Gross Tax Levy
$14,000,000
$13,000,000
$12,000,000
$11,938,555
$11,000,000
$10,856,299 $11,143,925 $11,593,925
$10,000,000
$10,631,299 $10,631,299
$9,000,000
$8,000,000
$7,000,000
$6,000,000
$5,000,000
2011 2012 2013 2014 2015 2016 2017 2018
(L)
CITY OF ANDOVER
COUNTY OF ANOKA
STATE OF MINNESOTA
RES. NO.
A RESOLUTION ADOPTING THE CITY OF ANDOVER 2018 BUDGET AND 2018 PROPERTY TAX LEVY TO BE CERTIFIED TO THE COUNTY AUDITOR.
WHEREAS, the preparation and adoption of budgets is recognized as sound financial practice; and
WHEREAS, the City of Andover receives significant financial support from its residents through the payment of property taxes; and
WHEREAS, the City of Andover has the responsibility to appropriately and efficiently manage the public's funds; and
WHEREAS, Minnesota State Law requires the City to certify to the County Auditor an adopted tax levy and budget prior to December 28, 2017; and
WHEREAS, Minnesota State Law requires the City to certify to the State of Minnesota Department of Revenue an adopted tax levy by December 28, 2017.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Andover hereby adopts the 2018 City of Andover Budget and the 2018 property tax levy
totaling $12,416,357 as listed on Attachment A.
BE IT FURTHER RESOLVED that the City Council of the City of Andover hereby establishes the 2018 City of Andover Budget by fund type as follows:
REVENUES
General Fund
Special Revenue Funds
Debt Service Funds
Capital Projects Funds
Enterprise Funds
Internal Service Funds
Total
Adopted by the City of Andover this
ATTEST:
Michelle Harmer — Deputy City Clerk
$ 11,085,238
1,577,018
1,899,087
3,821,437
5,426,952
1,172,633
$ 24,982,365
day of December 2017.
EXPENDITURES
General Fund
$ 11,265,315
Special Revenue Funds
1,656,938
Debt Service Funds
1,803,555
Capital Projects Funds
7,159,569
Enterprise Funds
5,313,315
Internal Service Funds
1.221.072
Total $ 28,419,764
CITY OF ANDOVER
Julie Trude - Mayor
lk
CITY OF ANDOVER, MINNESOTA
2018 Property Tax Levy
2018
General Fund Levy
General Operations $ 8,543,256
Park Repair/Replacement Items 100,000
Total General Fund 8,643,256
Debt Service Funds Levy
2010A G.O. Open Space Referendum Bonds 188,777
2012C Taxable G.O. Abatement Bonds 972,055
2014A G.O. Equipment Certificate 294,945
2016A G.O. Equipment Certificate 143,310
Total Debt Service 1,599,087
Other Levies
Capital Projects Levy
Capital Equipment/Project 275,000
Capital Equipment Purchases 525,000
Facility Maintenance Reserve 50,000
Parks Projects 15,000
Road & Bridge 1,169,014
Pedestrian Trail Maintenance 100,000
Lower Rum River Watershed 40,000
Total Other 2,174,014
Gross City Levy $ 12,416,357
LZ
Attachment A
STATE OF MINNESOTA)
COUNTY OF ANOKA )
CITY OF ANDOVER
I, the undersigned, being the duly qualified and acting City Clerk of the City of Andover, Minnesota, do hereby certify that I have carefully compared the attached Resolution No.
adopting the City of Andover 2018 Budget and 2018 Property Tax Levy with the original record thereof preserved in my office, and have found the same to be true and
correct transcript of the whole thereof.
IN TESTIMONY WHEREOF, I have hereunto subscribed my hand this day of December 2017.
Michelle Hartner — Deputy City
t3
General Fund
Revenues: $11,085,238
Expenditures: $11,265,315
-General Government
Public Safety
Public Works
Fund Definitions
CITY OF ANDOVER
2018 Budget Summary By Fund Type
City of Andover - Budgeted Funds
Total Revenues: $24,982,365
Total Expenditures: $28,419,764
I Governmental Funds I
Special Revenue Funds
Revenues: $1,577,018
Expenditures: $1,656,938
-EDA
-Drainage & Mapping
-LRRWMO
-Forestry
-ROW Mgmt / Utility
-Construction Seal Coating
-Community Center
-CDBG
-Charitable Gambling
Debt Service Funds
Revenues: $1,899,087
Expenditures: $1,803,555
G.O. Improvement Bonds
G.O. State Aid Bonds
G.O. Equip Certificates
G.O. Referendum Bonds
G.O. Abatement Bonds
Capital Projects Funds
Revenues: $3,821,437
Expenditures: $7,159,569
Water Trunk
Storm Sewer
Sewer Trunk
Road & Bridge
Trail & Transportation
Cap Equip Reserve
Tax Increment
Park Dedication
PIR Projects
Building
-Capital Notes / Bond Projects
Proprietary Funds
Enterprise Funds
Revenues: $5,426,952
Expenditures: $5,313,315
Sewer Fund
Water Fund
Storm Sewer Fund
Internal Service Funds
Revenues: $1,172,633
Expenditures: $1,221,072
Equipment / Maint.
Management
General Fund - accounts for the revenues and expenditures necessary to carry out basic governmental activities of the City such as general government, public safety, public works, and other.
Special Revenue Funds - accounts for revenue sources that finance particular functions and projects.
Debt Service Funds - accounts for the accumulation of resources for, and the payment of general long-term debt.
Capital Projects Funds - accounts for the acquisition or construction of major capital facilities financed mainly with governmental fund sources, general obligation debt, special assessments, and other.
Enterprise Funds - accounts for activities that consist of rendering services or providing goods to the public for which a fee or charge is collected.
Internal Service Funds - accounts for goods and services that are provided to other City departments, or to other governments, on a cost reimbursement basis.
L{
Fund Balance/Net Assets, January 1
Revenues & Other Sources
General
Special Revenue
Debt Service
Capital Projects
Enterprise
Internal Service
Total Revenues & Other Sources:
Total Available:
Expenditures & Other Uses
General
Special Revenue
Debt Service
Capital Projects
Enterprise
Internal Service
Total Expenditures & Other Uses:
Fund Balance/Net Assets, December 31
Change in Fund Balance
CITY OF ANDOVER
2018 Budget Summary
Revenues and Expenditures Fund Summary
Actual Adopted
2016 2017
$ 38,975,332
11,038,567
1,583,550
2,408,636
6,528,567
5,344,379
1,239,267
28,142,966
67,118,298
10,509,726
1,516,166
2,308,449
5,335,317
4,733,099
1,027,173
25,429,930
$ 41,688,368
$ 2,713,036
6.96%
' S
$ 41,688,368
10,825,139
1,567,000
1,910,047
5,053,538
5,315,854
1,161,507
25,833,085
67,521,453
10,992,219
1,686,420
2,269,238
7,353,217
5,292,421
1,207,471
28,800,986
$ 38,720,467
$ (2,967,901)
-7.12%
Estimate Budget
2017 2018
$ 41,688,368
10,998,472
1,539,700
1,905,047
6,841,002
5,299,854
1,162,985
27,747,060
69,435,428
11,729,471
1,571,034
2,270,639
6,918,962
5,292,421
1,215,341
28,997,868
$ 40,437,560
$ (1,250,808)
-3.00%
$ 40,437,560
11,085,238
1,577,018
1,899,087
3,821,437
5,426,952
1,172,633
24,982,365
65,419,925
11,265,315
1,656,938
1,803,555
7,159,569
5,313,315
1,221,072
28,419,764
$ 37,000,161
$ (3,437,399)
-8.50%
CITY OF ANDOVER
2018 Budget Summary
Revenues and Expenditures by Fund Type
Special
Debt
Capital
Internal
General
Revenue
Service
Projects
Enterprise
Service
Total
Fund Balance/Net Assets, January 1
$ 7,065,746
$
705,492
$
951,895
$ 23,281,066
$ 7,528,819
$
904,542
$ 40,437,560
Revenues
General Property Taxes
8,721,256
40,000
1,599,087
2,134,014
-
-
12,494,357
Tax Increments
-
-
-
85,000
-
-
85,000
Special Assessments
-
-
-
402,400
-
-
402,400
Licenses and Permits
377,900
-
-
-
-
-
377,900
Intergovernmental
766,274
37,500
-
430,899
-
-
1,234,673
Charges for Services
746,700
693,900
-
-
5,186,102
1,169,633
7,796,335
Fines
90,250
-
-
-
-
-
90,250
Investment Income
75,000
6,050
-
158,000
46,000
3,000
288,050
User Charges
-
-
-
182,324
-
-
182,324
Meters
-
-
-
-
13,000
-
13,000
Permit Fees
-
-
-
-
_
_
-
Penalties
-
-
-
-
-
_
_
Miscellaneous
129,300
799,56667,000
995,868
Total Revenues:
10,906,680
1,577,018
1,599,067
3,392,637
5,312,102
1,172,633
23,960,167
Other Financing Sources
Operating Transfers In
178,558
-
300,000
428,800
114,850
-
1,022,208
Bond Proceeds
-
-
-
-
_
_
-
Proceeds from Sale of Property
Total Other Financing Sources:
178,558
300,000
428,800
114,850
1,022,208
Total Revenues and Other Sources:
11,085,238
1,577,018
1,899,087
3,821,437
5,426,952
1,172,633
24,982,365
Total Available:
18,150,984
2,282,510
2,850,982
27,102,503
12,955,771
2,077,175
65,419,925
Expenditures
Personal Services
4,938,919
546,795
-
-
1,067,991
456,090
7,009,795
Supplies and Materials
693,423
87,020
-
-
320,700
404,810
1,505,953
Purchased Services
4,074,764
233,294
-
-
-
-
4,308,058
Other Services and Charges
1,458,209
462,529
-
3,243,500
2,287,723
360,172
7,812,133
Capital Outlay
100,000
22,000
-
3,604,500
258,000
-
3,984,500
Debt Service
1,803,555
196,719
776,843
2,777,117
Total Operating Expenditures:
11,265,315
1,351,638
1,803,555
7,044,719
4,711,257
1,221,072
27,397,556
Other Uses
Operating Transfers Out
-
305,300
-
114,850
602,058
-
1,022,208
Bond Discount
-
-
-
-
_
_
_
Redemption of Refunded Bonds
Total Other Uses:
305,300
114,850
602,058
1,022,208
Total Expenditures and Other Uses:
11,265,315
1,656,938
1,803,555
7,159,569
5,313,315
1,221,072
28,419,764
Fund Balance/Net Assets, December 31
$ 6,865,669
$
625,572
$
1,047,427
$ 19,942,934
$ 7,642,456
$
856,103
$ 37,000,161
Change in Fund Balance
$ (180,077)
$
(79,920)
$
95,532
$ (3,338,132)
$ 113,637
$
(48,439)
$ (3,437,399)
-2.55%
-11.33%
10.04%
-14.34%
1.51%
-5.36%
-8.50%
CITY OF ANDOVER
2018 Budget Summary
Revenues and Expenditures - All Funds
L�
Actual
Budget
Estimate
Budget
2016
2017
2017
2018
Fund Balance/Net Assets, January 1
$
38,976,332
$
41,688,368
$
41,688,368
It
40,437,560
Revenues
General Property Taxes
11,809,352
12,014,555
12,016,555
12,494,357
Tax Increments
91,808
118,480
65,000
85,000
Special Assessments
818,085
687,000
845,069
402,400
Licenses and Permits
625,907
367,705
465,375
$77,900
Intergovernmental
1,564,848
2,118,552
2,901,166
1,234,673
Charges for Services
7,835,648
7,739,283
7,746,183
7,796,335
Fines
88,600
100,750
90,150
90,250
Investment Income
467,789
292,800
287,300
288,050
User -Charges,
997,340
270,183
469,559
182,324
Meters
28,591
13,000
13,000
13,000
Permit Fees
-
-
-
-
Penalfles
-
16,000
-
-
Miscellaneous
1,923,910
1,089,800
1,070,700
995,868
Total Revenues:
26,261,868
24,828,108
25,990,057
23,960,157
Other Financing Sources
Operating Transfers In
1,343,223
1,004,977
1,757,003
1,022,208
Bond Proceeds
520,000
-
-
-
Bond Premium
-
-
-
-
ProceedsfromSaleofProperty
27,885
Total Other Financing Sources:
1,891,108
1,004,977
1,757,003
1,022,208
Total Revenues and Other Sources:
28,142,966
26,833,086
27,747,060
24,982,365
Total Available:
67,118,298
67,521,463
69,436,428
65,419,925
Expenditures
Personal Services
6,427,059
6,873,621
6,819,503
7,009,795
Supplies and Materials
1,161,195
1,486,797
1,461,447
1,505,953
Purchased Services
3,944,957
4,348,669
4,157,053
4,308,058
Ober Services and Charges
6,614,537
8,300,233
8,501,583
7,812,133
Capital Outlay
2,698,380
3,540,800
3,056,015
3,984,500
Debt Service
3,240,579
3,245,889
3,245,264
2,777,117
Total Operating Expenditures:
24,086,707
27,796,009
27,210,865
27,397,656
Other Uses
Operating Transfers Out
1,343,223
1,004,977
1,757,003
1,022,208
Bond Discount
-
-
-
-
Redemption of Refunded Bonds
Total Other Uses:
1,343,223
1,004,977
1,757,003
1,022,208
Total Expenditures and Other Uses:
25,429,930
28,800,986
28,997,868
28,418,764
Fund Balancelhiet Assets, December 31
It
41,608,368
$
38,720,467
It
40,437,560
$
37,000,161
Change in Fund Balance
$
2,713,036
$
(2,967,901)
$
(1,250,808)
$
(3,437,399)
6.96%
-7.12%
-3.00%
-8.50%
L�
City of Andover
2018 Budget - General Fund
Statement of Revenues, Expenditures and Changes in Fund Balance
�k
y t.
u h�1oAcfua�l�fi3,aEstimat�
lbe cndto�',�..!r.?,It
Rh`
20 6
_rkbf#1iax>Pkn��r.20ref1.85�
2.O 7
17
e�q�dp"pedt�
Fund Balance, January 1
Revenues
General Property Taxes
Licenses and Permits
Intergovernmental
Charges for Services
Fines
Investment Income
Miscellaneous Revenue
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
$ 7,267,904
8,217,768
625,907
733,951
912,219
88,600
68,380
194,812
10,841,637
$ 7,796,745 $ 7,796,745 $ 7,065,746
8,420,354
367,705
766,150
773,950
100,750
75,000
124,300
10,628,209
8,422, 354
465,375
827,706
770,050
90,150
75,000
150,907
10,801,542
8,721,256
377,900
766,274
746,700
90,250
75,000
129,300
10,906,680
196,930 196,930 196,930 178,558
11,038,567
18,306,471
4,520,107
571,168
3,743,424
1,298,226
126,801
10,259,726
250,000
10,825,139
18,621,884
4,889,974
685,417
3,902,989
1,423,839
90,000
10,992,219
10,998,472
18,795,217
4,827,986
668,367
3,971,629
1,421,489
90,000
10,979,471
750,000
11,085,238
18,150,984
4,938,919
693,423
4,074,764
1,458,209
100,000
11,265,315
Total Expenditures and Other Uses: 10,509,726 10,992,219 11,729,471 11,265,315
Fund Balance, December 31 $ 7,796,745
Change in Fund Balance $ 528,841
7%
$ 7,629,665
$ (167,080)
-2%
$ 7,065,746
$ (730,999)
-9%
$ 6,885,669
$ (180,077)
-3%
City of Andover
Special Revenue Funds
2018 Budget Summary - All Special Revenue Funds
Statement of Revenues, Expenditures and Changes in Fund Balance
Fund Balance, January 1
Revenues
General Property Taxes
Intergovernmental
Charges for Services
Investment Income
Miscellaneous
Total Revenues:
Other Sources
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:
$ 669,442 $ 736,826
40,106
701,722
10,949
830,773
1,583,550
1,583,550
2,252,992
488,400
84,081
201,533
387,493
47,859
1,209,366
306,800
1,516,166
40,000
37,500
687,200
5,800
796,500
1,567,000
1,567,000
2,303,826
515,791
89,020
240,680
469,929
66,000
1,381,420
305,000
1,686,420
$ 736,826 $ 705,492
40,000
699,000
5,700
795,000
1,539,700
1,539,700
2,276,526
515,791
80,720
185,424
418,099
66,000
1,266,034
305,000
1,571,034
Fund Balance, December 31 $ 736,826 $ 617,406 $ 705,492
Change in Fund Balance $ 67,384 $ (119,420) $ (31,334)
10% -16% -4%
�ci
40,000
37,500
693,900
6,050
799,568
1,577,018
1,577,018
2,282,510
546,795
87,020
233,294
462,529
22,000
1,351,638
305,300
1,656,938
$ 625,572
$ (79,920)
-11%
X�4�6.11,
ed �G,3
lauvt`
st e
; 'r...,x nw�+Ahdo�;wprtiedc°a,.
.myFu
ec
tto�1M
6.
*20a1tZd
�e..<.t;;ur*;�Or1c��a�20a�ii%°1£;
Fund Balance, January 1
Revenues
General Property Taxes
Intergovernmental
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:
$ 669,442 $ 736,826
40,106
701,722
10,949
830,773
1,583,550
1,583,550
2,252,992
488,400
84,081
201,533
387,493
47,859
1,209,366
306,800
1,516,166
40,000
37,500
687,200
5,800
796,500
1,567,000
1,567,000
2,303,826
515,791
89,020
240,680
469,929
66,000
1,381,420
305,000
1,686,420
$ 736,826 $ 705,492
40,000
699,000
5,700
795,000
1,539,700
1,539,700
2,276,526
515,791
80,720
185,424
418,099
66,000
1,266,034
305,000
1,571,034
Fund Balance, December 31 $ 736,826 $ 617,406 $ 705,492
Change in Fund Balance $ 67,384 $ (119,420) $ (31,334)
10% -16% -4%
�ci
40,000
37,500
693,900
6,050
799,568
1,577,018
1,577,018
2,282,510
546,795
87,020
233,294
462,529
22,000
1,351,638
305,300
1,656,938
$ 625,572
$ (79,920)
-11%
City of Andover
Debt Service Funds
2018 Budget - All Debt Service Funds
Statement of Revenues, Expenditures and Changes in Fund Balance
Y Y-3' +su�, F 1 v 'i "ire
�ux�'s51MRt1 ,��"
-. yfJ (Atex y y�.,,i i ea
1Actua
9u:N [ §h 10 Y J{°� 1
p7,FFAdopted }dEsmate,
''y < k 1`.e 0e,
tAdopteY)
D,escr� tion]dp�
0206027
Change in Fund Balance $ 100,187
$ (359,191)
$ (365,592)
k,20�17t����2018���(
2,099,582
Fund Balance, January 1
$ 1,217,300
$ 1,317,487
$ 1,317,487
$ 951,895
Revenues
Change in Fund Balance $ 100,187
$ (359,191)
$ (365,592)
General Property Taxes
2,099,582
1,610,047
1,610,047
1,599,087
Investment Income
(2,363)
-
(5,000)
-
Total Revenues:
2,097,219
1,610,047
1,605,047
1,599,087
Other Sources
Operating Transfers In
311,417
300,000
300,000
300,000
Total Revenues and Other Sources:
2,408,636
1,910,047
1,905,047
1,899,087
Total Available:
3,625,936
3,227,534
3,222,534
2,850,982
Expenditures
Debt Service
Principal
1,770,000
1,800,000
1,800,000
1,416,000
Interest
444,144
418,419
418,419
385,555
Other
1,325
2,000
1,375
2,000
Total Expenditures:
2,215,469
2,220,419
2,219,794
1,803,555
Other Uses
Operating Transfers Out
92,980
48,819
50,845
-
Total Expenditures and Other Uses:
2,308,449
2,269,238
2,270,639
1,803,555
Fund Balance, December 31 $ 1,317,487
$ 958,296
$ 951,895
$ 1,047,427
Change in Fund Balance $ 100,187
$ (359,191)
$ (365,592)
$ 95,532
8%
-27%
-28%
10%
City of Andover
Capital Projects Funds
2018 Budget Summary - All Capital Projects Funds
Statement of Revenues, Expenditures and Changes in Fund Balance
S
;N�f
inytti
F
30,200,028
2,519,865
3,977,470
Arab ,y �e� z�
.r:.4 h Adopted s +r�'h 9
Yxt;+�/�i EStlm`a1:e 9araF'
"'rq � A�dopted�ty ttF
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
Proceeds from Sale of Capital Assets
Total Other Sources:
Total Revenues and Other Sources:
Total Available:
Expenditures
Other Services and Charges
Capital Outlay
Debt Service - Principal Retirement
Total Expenditures:
Other Uses
Operating Transfers Out
Total Expenditures and Other Uses:
$ 22,165,776
1,451,896
91,808
818,065
830,897
312,148
997,340
730,940
5,233,094
749,780
520,000
25,693
1,295,473
6,528,567
$ 23,359,026
1,944,154
118,480
687,000
1,314,902
163,000
270,183
102,000
4,599,719
453,819
$ 23,359,026 $ 23,281,066
1,944,154
85,000
845,069
2,073,460
162,600
469,559
55,315
5,635,157
1,205, 845
2,134, 014
85,000
402,400
430,899
158,000
182,324
3,392,637
453,819 1,205,845 428,800
5,053,538 6,841,002 3,821,437
28,694,343
28,412,564
30,200,028
2,519,865
3,977,470
4,028,000
2,522,220
3,124,800
2,640,015
196,719
196,719
196,719
5,238,804
7,298,989
6,864,734
96,513
54,228
54,228
5,335,317
7,353,217
6,918,962
Fund Balance, December 31 $ 23,359,026
Change in Fund Balance $ 1,193,250
5%
()N
$ 21,059,347
$ (2,299,679)
-10%
$ 23,281,066
$ (77,960)
0%
27,102,503
3,243,500
3,604,500
196,719
7,044,719
114,850
7,159,569
$ 19,942,934
$ (3,338,132)
-14%
City of Andover
Enterprise Funds
2018 Budget Summary - All Enterprise Funds
Statement of Revenues, Expenditures and Changes in Fund Net Assets
« k ..,[: ;t' +y,
tCe
yt A ctwal,°:,ut
# Ado tetl �Esttrnate
€
sl Adopfed,
aw r
N
�, a.£3rtla ,m rs� i'")` �S.,v
:n l,�i -^r p
'zY6 Ts
+� rt AIw
209�T� p�snt,.��20�°
..Y §s�' ,,r`
av1,u,7e�.Descn3onsr,�,,, ,,,. �,zN�,9�,.,t?.
,20,16�e+t.r,.,LLr.,xfrry20,1z7ra"�a,.,
8 ,.,
Unrestricted Net Assets, January 1
Revenues
Charges for Services
Interest
Meters
Penalties
Miscellaneous
Total Revenues:
Other Sources
Transfers In
Gain on the Sale of Capital Assets
Total Other Sources:
Total Revenues and Other Sources:
Total Available:
Expenditures
Personal Services
Supplies and Materials
Other Services and Charges
Capital Outlay
Debt Service
Total Expenditures:
Other Uses
Transfers Out
Total Expenditures and Other Uses:
Unrestricted Net Assets, December 31
$ 6,910,106 $ 7,521,386 $ 7,521,386 $ 7,528,819
5,101, 941
68,768
28,591
57,791
5,257,091
85,096
2,192
87,288
5,344,379
12,254,485
1,011,254
225,491
2,069,533
1,500
828,391
4,136,169
596,930
4,733,099
$ 7,521,386
5,119,626
46,000
13,000
16,000
67,000
5,261,626
54,228
54,228
5,315,854
12,837,240
1,025,217
308,200
2,273,323
260,000
5,119,626
46,000
13,000
67,000
5,245,626
54,228
54,228
5,299,854
12,821,240
1,025,217
308,200
2,273,323
260,000
828,751 828,751
4,695,491 4,695,491
596,930
5,292,421
596,930
5,292,421
5,186,102
46,000
13,000
67,000
5,312,102
114,850
114,850
5,426,952
12,955,771
1,067,991
320,700
2,287,723
258,000
776,843
4,711,257
602,058
5,313,315
$ 7,544,819 $ 7,528,819 $ 7,642,456
Change in Unrestricted Net Assets $ 611,280 $
9%
22Z
23,433 $ 7,433 $ 113,637
0% 0% 2%
City of Andover
Internal Service Funds
2018 Budget Summary - All Internal Service Funds
Statement of Revenues, Expenditures and Changes in Unrestricted Net Assets
wr"S'•op
*J ;{fir , �a40 'w 2 s d9fir1
'•. Y1,11i"
�Pescri
ACtel
&r
^:j
tetl
y#4yu "
`. ' ` 'Estiinafe o ':
ks Ado ted in.: a
1 Tgi Pt
n � �':;: ' tionG x is y >
c x
';;1,111
ONE
+, •t ig ,.t k ,� x w :(
zr�.J,20x1!6�
Y��nr��1201��;n�;��;2tlflY8•�r
Unrestricted Net Assets, January 1
Revenues
Charges for Services
Interest Income
Miscellaneous
Total Revenues:
$ 744,804 $ 956,898 $ 956,898 $ 904,542
1,119,766
9,907
109,594
1,239,267
Other Sources
Transfers In -
Total Revenues and Other Sources: 1,239,267
Total Available: 1,984,071
Expenditures and Other Uses
Personal Services 407,298
Supplies and Materials 280,455
Other Services and Charges 339,420
Total Expenditures: 1,027,173
Other Uses
Transfers Out -
Total Expenditures and Other Uses: 1,027,173
Unrestricted Net Assets, December 31 $ 956,898
Change in Unrestricted Net Assets $ 212,094
28%
Z3
1,158,507
3,000
1,161,507
1,161,507
2,118,405
442,639
404,160
360,672
1,207,471
1,207,471
$ 910,934
1,157,507
3,000
2,478
1,162,985
1,162,985
2,119,883
450,509
404,160
360,672
1,215,341
1,215,341
$ 904,542
$ (45,964) $ (52,356)
—5% —5%
1,169,633
3,000
1,172,633
1,172,633
2,077,175
456,090
404,810
360,172
1,221,072
1,221,072
$ 856,103
$ (48,439)
—5%
CITY OF ANDOVER
General Fund
Revenue & Expense Summary
EXPENDITURES
Actual
Actual
Actual
Actual
Actual
Budget*
Estimate
Requested *
Budget Change (*)
General Government
2012
2013
2014
2015
2016
2017
2017
2018
$
%
REVENUES
4,087,065
4,311,340
4,498,920
4,503,332
4,667,326
4,862,558
4,863,008
4,978,056
115,498
2.38%
Property Taxes
$ 7,340,532
$ 7,376,284
$ 7,476,295
$ 7,634,715
$ 8,217,768
$ 8,420,354
$ 8,422,354
$ 8,721,256
300,902
3.57%
License and Pennits
449,826
536,707
364,430
452,616
625,906
367,705
465,375
377,900
10,195
2.77%
Intergovernmental Revenues
653,720
710,071
697,491
749,570
733,953
766,150
827,706
766,274
124
0.02%
Charges for Current Services
973,604
1,122,460
998,150
804,684
912,220
773,950
770,050
746,700
(27,250)
-3.52%
Fines and Forfeits
97,571
96,130
94,375
99,304
88,600
100,750
90,150
90,250
(10,500)
-10.42%
Interest Income
95,365
(17,096)
144,876
63,709
68,380
75,000
75,000
75,000
0
0.00%
Miscellaneous Revenue
149,857
140,983
150,759
154,239
194,812
124,300
150,907
129,300
5,000
4.02%
Transfers
196,930
196,930
196,930
196,930
196,930
196,930
196,930
178,558
(18,372)
-9.33%
TOTAL REVENUES
9,957,405
10,162,469
10 123,306
10,155,767
11,038,569
10,825,139
10,998,472
11,085 238
260,099
2.Wfl
EXPENDITURES
General Government
2,223,773
2,308,882
2,481,927
2,511,970
2,592,649
2,883,511
2,928,098
3,010,679
127,168
4.41%
Public Safety
4,087,065
4,311,340
4,498,920
4,503,332
4,667,326
4,862,558
4,863,008
4,978,056
115,498
2.38%
Public Works
2,482,490
2,759,342
2,819,372
2,817,981
2,966,674
3,175,822
3,118,037
3,206,152
30,330
0.96%
Other
663,372
210,510
81,185
256,720
283,077
70,328
820,328
70,428
100
0.14%
TOTAL EXPENDITURES
9,456 700
9,590,074
9 881 404
10,090,003
10,509,726
10,992 219
11 729,471
11,265 315
273,096
2.48%
UNDER(OVER)BUDGET $ 500,705 $ 572,395 $ 241,902 $ 65,764 $ 528,843 $ 167,080 $ 730,999 $ (180,077) $--(-12-,997)1
` 11/2112017
CITY OF ANDOVER
Revenue Comparison -General Fund
City of Andover
2018 Revenue Comparison - General Fund
Property Taxes
Licenses & Permits
Intergov'I Rev
i
Charges for Svcs
Fines & Forfeits
Interest Income �-
Misc. Rev
S
Transfers
$0.00 $2.00 $4.00 $6.00 $8.00 $10.00
-Millions
13 Budget 2018 ■ Estimate 2017 ■ Actual 2016 • Actual 2015 • Actual 2014
ZS
City of Andover
2018 Revenue by Source - General Fund
Misc. Rev
Transfers 1% Interest Income
1% 1%
Fines & Forfeits
1%
Charges for Svos
7%
IntergoV[ Rev
7%
Licenses &
Permits
3%
Property Taxes
79%
Actual
Actual
Actual
Budget
Estimate
Budget
2014
2015
2016
2017
2017
2018
REVENUES
Property Taxes
$ 7,476,295
$ 7,634,715
$ 8,217,768
$ 8,420,354
$ 8,422,354
$ 8,721,256
License and Penults
364,430
452,616
625,906
367,705
465,375
377,900
Intergovernmental Revenues
697,491
749,570
733,953
766,150
827,706
766,274
Charges for Services
998,150
804,684
912,220
773,950
770,050
746,700
Fines and Forfeits
94,375
99,304
88,600
100,750
90,150
90,250
Interest Income
144,876
63,709
68,380
75,000
75,000
75,000
Miscellaneous Revenue
150,759
154,239
194,812
124,300
150,907
129,300
Transfers
196,930
196,930
196,930
196,930
196,930
178,558
TOTAL REVENUES
$ 10,123,306
$ 10,155,767
$ 11,038,569
$ 10,825,139
$ 10,998,472
$ 11,085,238
City of Andover
2018 Revenue Comparison - General Fund
Property Taxes
Licenses & Permits
Intergov'I Rev
i
Charges for Svcs
Fines & Forfeits
Interest Income �-
Misc. Rev
S
Transfers
$0.00 $2.00 $4.00 $6.00 $8.00 $10.00
-Millions
13 Budget 2018 ■ Estimate 2017 ■ Actual 2016 • Actual 2015 • Actual 2014
ZS
City of Andover
2018 Revenue by Source - General Fund
Misc. Rev
Transfers 1% Interest Income
1% 1%
Fines & Forfeits
1%
Charges for Svos
7%
IntergoV[ Rev
7%
Licenses &
Permits
3%
Property Taxes
79%
EXPENDITURES
General Government
Public Safety
Public Works
Other
General Govt
Public Safety
Public Works
Other
TOTAL EXPENDITURES
CITY OF ANDOVER
Expenditure Comparison - General Fund
Actual
Actual
Actual
Budget
Estimate
Budget
2014
2015
2016
2017
2017
2018
$ 2,481,927
25%
3 2,511,970
25%
$ 2,592,649
25%
$ 2,883,511
26%
$ 2,928,098
25%
$ 3,010,679
27%
4,498,920
46%
4,503,332
45%
4,667,326
44%
4,862,558
44%
4,863,008
41%
4,978,056
44%
2,819,372
29%
2,817,981
28%
2,966,674
28%
3,175,822
29%
3,118,037
27%
3,206,152
28%
81,185
1%
256,720
3%
283,077
3%
70,328
1 %
820,328
7%
70,428
1 %
$ 9,881,404
$ 10,090,003
$ 10,509,726
$ 10,992,219
$ 11,729,471
$ 11,265,315
City of Andover
2018 Expenditure Comparison - General Fund
$0.00 $1.00 $2.00 $3.00 $4.00 $5.D0 $6.00
Millions
0 Budget 2018 ■ Estimate 2017 ■ Actual 2016 a Actual 2015 a Actual 2014
Ze
City of Andover
2018 Expenditures by Function - General Fund
General Go
27%
Other
1%
Public Safety
44
aIle Works
28%
CITY OF ANDOVER
General Fund - Expenditure Budget Summary Totals - By Department
Budget Year 2018
PUBLIC WORKS
Actual
Actual
Actual
Actual
Actual
Budget"
Estimate
Requested"
Change (*)
Streets and Highways
2012
2013
2014
2015
2016
2017
2017
2018
$
%
GENERAL GOVERNMENT
420,175
630,799
637,154
442,078
468,173
568,257
547,777
562,706
(5,551)
-0.98%
Mayor and Council
$ 83,622 $
83,595
$ 84,650 $
85,060
$ 86,989 $
89,991
$ 89,991
$ 91,298
1,307
1.45%
Administration
140,048
147,503
169,218
172,296
187,876
199,541
199,541
203,833
4,292
2.15%
Newsletter
22,336
17,677
20,974
21,042
22,731
26,000
24,500
26,000
0
0.00%
Human Resources
12,485
17,907
18,038
15,908
13,404
27,913
20,913
28,431
518
1.86%
Attorney
170,930
173,244
177,427
180,313
184,990
191,360
190,000
191,360
0
0.000%
City Clerk
101,377
108,312
128,861
134,775
148,338
148,599
148,599
155,608
7,009
4.72%
Elections
39,614
11,352
41,508
14,497
64,433
63,881
19,100
59,781
(4,100)
-6.42%
Finance
207,337
215,215
230,639
240,319
252,563
268,129
268,129
278,660
10,531
3.93%
Assessing
143,338
144,561
145,051
146,315
146,473
150,000
149,000
154,000
4,000
2.67%
Information Services
136,025
135,982
146,984
131,744
151,387
175,722
174,022
180,597
4,875
2.77%
Planning & Zoning
318,523
349,489
387,308
406,045
414,141
462,212
461,912
438,827
(23,385)
-5.06%
Engineering
427,339
452,788
460,872
464,843
511,074
535,715
535,415
553,765
18,050
3.37%
Facility Management
420,799
451,257
470,397
498,813
408,250
544,448
646,976
648,519
104,071
19.11%
Total General Gov
2,223,773
2,308,882
2,481,927
2,511,970
2,592,649
2,883,511
2,928,098
3,010,679
127,168
4.41%
PUBLIC SAFETY
Police Protection
2,693,896
2,740,899
2,818,132
2,918,308
2,936,467
2,962,551
2,962,551
3,053,526
90,975
3.07%
Fire Protection
1,015,825
1,126,979
1,264,018
1,165,223
1,285,417
1,4229522
1,423,222
1,423,914
1,392
0.10%
Protective Inspection
354,753
423,495
390,908
391,951
424,247
446,688
446,438
462,164
15,476
3.46%
Emergency Management
149088
13,930
21,836
24,352
17,495
249847
24,847
32,502
7,655
30.81%
Animal Control
8,503
6,037
4,026
3,498
3,700
5,950
5,950
5,950
0
0.00%
Total Public Safety
4,087,065
4,311,340
4,498,920
4,503,332
4,667,326
4,862,558
4,863,008
4,978,056
115,498
2.38%
PUBLIC WORKS
Streets and Highways
570,630
572,753
600,313
629,724
686,086
691,473
614,668
659,943
(31,530)
-4.56%
Snow and lee Removal
420,175
630,799
637,154
442,078
468,173
568,257
547,777
562,706
(5,551)
-0.98%
Street Signs
170,200
162,861
187,935
204,495
167,282
215,244
215,244
219,418
4,174
1.94%
Traffic Signals
27,457
26,241
34,901
30,170
27,919
37,000
37,000
37,000
0
0.00%
Street Lighting
33,439
31,702
32,646
30,664
37,089
38,400
38,400
40,400
2,000
5.21%
Street Lights - Billed
195,197
210,331
203,148
201,500
200,509
217,500
217,500
220,500
3,000
1.38%
Park & Recreation
912,750
946,545
1,009,373
1,151,314
1,247,501
1,275,530
1,273,530
1,297,395
21,865
1.71%
Natural Resource Preservatiot
-
-
-
-
7,255
10,197
12,697
11,574
1,377
13.50%
Recycling
152,642
178,110
113,902
128,036
124,860
122,221
161,221
157,216
34,995
28.63%
Total Public Works
2,482,490
2,759,342
2,819,372
2,817,981
2,9665674
3,175,822
3,118,037
3,206,152
30,330
0.96%
OTHER 663,372 210,510 81,185 256,720 283,077 70,328 820,328 70,428 100 0.14%
Total Other 663,372 210,510 81,185 256,720 283,077 70,328 820,328 70,428 100 0.14%
GRAND TOTAL $ 9,456,700 $ 9,590,074 S 9,881,404 $ 10,090,003 $ 10,509,726 $ 10,992,219 $ 11,729,471 $ 11,265,315 273,096 2.48%
MUNICIPALITIES
Proposed 2018 City
Muni
Hilltop
Lexington
WITHIN ANOKA
Tax Rate
i alities Onl
COUNTY
Comparison
. 33
71.096
Columbia Heights
67.216
Centerville
64.067
Bethel
63.629
Circle Pines 55
77
Spring Lake Park 54.4
8
St. Francis 1 53.92
0
Columbus 51.688
6
N Fridley 47.425
z
0 East Bethel 44.476
Lino Lakes 42.756
Coon Rapids 42.214
Ramsey 41.654
Anoka 7.731
Blaine 35 323
Andover 34.5 7
Linwood 29.165
Nowthen 27.116
Ham Lake 24.972
Oak Grove 22.497
0.000 20.000 40.000 60.000 80.000 100.000 120.000
TAX RATE
M
F�
CITY OF ANDOVER
2018 Proposed Tax Rate Breakdown
Other
School District 4.320%
18.227%
County
10 nR70/o
City
38.366%
PERCENTAGES ARE PROPORTIONAL TO REFLECT 100% RATHER THAN ACTUAL AMOUNT OF 90.153%.
* Does not include voter approved referendum levy based on market value.
Z`i
Miscell
1'
License & Permits
3%
CITY OF ANDOVER
2018 General Fund Revenue Types
Interaovernmental Fina-, R Fnrfait-,
M
Property Taxes
79%
�s
Publi
2
CITY OF ANDOVER
2018 General Fund Expenditures by Function
Other General Government
0.6% 26.7%
Public Safety
44.2%
31
CITY OF ANDOVER
General Fund - General Government Expenditures
Administration NewsIetter
Council 6 8% Human Resources
Facility Mgmt 3.0% 0.9% 0.9%
21.5%
Attorney
6.4%
City Clerk
5.2%
Elections
2.0%
Finance
9.3%
Engineering
18.4% Assessing
Planning & Zoning Information Systems 5.1%
14.6% 6.0%
32-
Fire Protection
28.6%
CITY OF ANDOVER
General Fund - Public Safety Expenditures
..___ _ _.___ Finarnanev hAnnnnamant Animal Cnntrnl
33
61.3%
Natural Resource
Preservation
0.4%
Parks & Recreation
40.5%
CITY OF ANDOVER
General Fund - Public Works Expenditures
r Recycling
I 4.9%
Streets & Highways
20.6%
Street Signs
Street Lighting Street Lights - Billed Traffic Signals 6.8%
6.9% 1.3 1.2%
/0
3 L
Snow & Ice
17.6%
AC I T Y 0 F
NDOVE
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-8923 • WWW.ANDOVERMN.GOV
TO: Mayor and Councilmembers
FROM: Jim Dickinson, City Administrator
SUBJECT: October 2017 General Fund Budget Progress Report
DATE: November 28, 2017
INTRODUCTION
The City of Andover 2017 General Fund Budget contains total revenues of $10,825,139 and total
expenditures of $11,039,719; a decrease in fund balance is planned.
Monthly reporting of the City Budget progress to the Governing body is a recommended financial
practice and often viewed positively by rating agencies.
DISCUSSION
Attached is the General Fund Revenue & Expenditure Budget Summary - Budget Year 2017,
reflecting year to date actual through October 2017. The attachments are provided to assist
discussion in reviewing 2017 progress; other documents may be distributed at the meeting.
The following represents Administration's directives and departmental expectations that are in place
for 2017:
1. Expenditure budgets while approved, expenses are to meet with the spirit that needs are
fulfilled first, expansions of service and special requests are to be reviewed with City
Administration before proceeding.
2. Departments are to be committed to search for the best possible prices when purchasing goods
and services.
3. Departments are to be committed to continually searching out new efficiencies and to
challenge the status quo of how the City provides services.
4. Departments are to be committed to searching out collaborative opportunities to facilitate
efficient and cost-effective utilization of governmental assets and personnel.
5. Departments are to be committed to developing effective, consistent and ongoing
communications with City residents, businesses and other stakeholders.
6. Departments are to be cognizant that services provided are subject to available revenues and
should not commit to services that are not sustainable.
ACTION REQUESTED
Council is requested to receive a presentation from staff.
submitted,
CITY OF ANDOVER
General Fund Budget Summary Totals
Budget Year 2017
2016 1 2017
REVENUES Budget Oct YTD %Bud Final Budget Oct YTD %Bud
General Property Tax
$ 8,113,528
S 4,226,438
52%
$ 8,217,768
$ 8,420,354
S 4,364,254
52%
I IWl
Licenses and Permits
346,205
508,999
147%
625,907
367 705
448 157
12 %
Intergovernmental
673,248
665,483
99%
733,951
766,150
718,865
94%
Charges for Services
767,950
792,684
103%
857,163
773,950
664,633
_ 86
Fines
100,750
72,255
72%
88,600
100,750
57,044
57%
Investment Income
75,000
28,249
38%
43,747
75,000
40,893
55%
Miscellaneous
116,800
145,182
124%
194,802
124,300
156,814
126%
Transfers In
196,930
196,930
100%
196,930
196,930
196,930
100%
Total Revenues
S 10 390,411
S 6,636,220
64 %
S 10,958,868
S 30 825139
S 6,647,590
61%
2016 1 2017
EXPENDITURES Budget Oct YTD % Bud Final Budget Oct YTD % Bud
GENERAL GOFERNMENT
Miscellaneous
281,728
258107 92% 258,577
781,728 764,850 98%
Mayor and Council
$ 88,780
$ 75,596
85%
S 86,990
$ 89,991
$ 74,025
82%
Administration
192,778
154,114
80%
187,876
199,541
156,001
78%
Newsletter
26,000
19,255
74%
22,731
26,000
18,315
70%
Human Resources
35,260
14,639
42%
13,403
27,913
17,099
61%
Attorney
187,640
138,717
74%
184,990
191,360
141,640
74%
City Clerk
157,075
123,650
79%
148,338
148,599
123,301
83% n
Elections
82,919
44,413
54%
64,433
63,881
15,715
25%
Finance
261,016
211,920
81%
252,563
268,129
220,961
82%
Assessing
150,000
143,883
96%
146,472
150,000
145,367
97%
Information Services
173,483
123,906
71%
151,386
180,722
120,040
66%
Planning & Zoning
435,606
345,260
79%
414,141
462,212
320,773
69%
Engineering
509,514
420,678
83%
511,074
535,715
423,243
79%
Facility Management
568,201
335,871
59%
408,250
681,733
399,823
59%
Total General Gov
2,868,272
2,151,902
75%
2,592,647
3 025 796
2,176,303
72
PUBLIC SAFETY
Miscellaneous
281,728
258107 92% 258,577
781,728 764,850 98%
Police Protection
2,936,467
2,936,467
100%
2,936,467
2,962,551
2,962,551
100%
Fire Protection
1,294,795
1097,276
85%
1,285,416
1,422,522
1,150,098
81%
Protective Inspection
441,807
334,497
76%
424,247
446,688
366,026
82%
Civil Defense
22,982
16,090
70%
17,495
24,847
14,849
60%
Animal Control
7,950
2,447
31%
3,700
5,950
1,956
33%
Total Public Safety
4,704,001
4,386 777
93%
4,667,325
4,862,558
4,495 480
92
PUBLIC WORKS
Miscellaneous
281,728
258107 92% 258,577
781,728 764,850 98%
Streets and llighways
656,237
610,197
93%
686,087
614,668
523,026
85%
Snow and Ice Removal
563,587
384,572
68%
468,174
547,777
344,796
63%
Street Signs
204,193
134,714
66%
167,283
215,244
165,961
77%
Traffic Signals
35,000
18,913
54%
27,919
37,000
22,883
62%
Street Lighting
36,400
28,254
78%
37,089
38,400
20,487
53%
Street Lights - Billed
217,500
148,564
68%
200,509
217,500
107,158
49%
Park & Recreation
1,257,247
1,017,282
81%
1,247,501
1,275,530
970,399
769%
Natural Resource Preservation
10,096
50
0%
7,255
12,697
4,243
33%
I Total Public Works 3.111.187 2.444304 79% 2.966.677 3.081.037 2.294.908 74%1
OTHER
Miscellaneous
281,728
258107 92% 258,577
781,728 764,850 98%
Youth Services
38,600
24,500 63% 24,500
38,600 _- _ 0%
Total Other
320,328
282,607 88% 283,077
820,328 764,850 93%
Total Expenditures S 11,003,788 S 9,265,590 84% 5 10,509,726 S 11,789,719 S 9,731,541 83%
NET INCREASE (DECREASE) $ (613,377) $ (2,629,370) $ 449,142 5 (964,580) S (3,083,951)
1685 CROSSTOWN BOULEVARD N.W.. ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-8923 . WWW.ANDOVERMN.GOV
TO: Mayor and Councilmembers
FROM: Jim Dickinson, City Administrator
SUBJECT: October 2017 City Investments Review
DATE: November 28, 2017
INTRODUCTION
Summary reporting of the City Investment portfolio to the Governing body is a recommended
financial practice and often viewed positively by rating agencies.
Furthermore, the City of Andover Investment Policy recommends the Finance Director presents
to the City Council at least quarterly the type of investments held by the City.
DISCUSSION
Attached is the Investment Maturities Summary for October 2017, the October 2017
Investment Detail Report, and the October 2017 Money Market Funds Report. These
attachments are intended to assist with discussion when reviewing the October 2017
investments.
ACTION REQUESTED
Informational. The Council is requested to review and provide feedback to staff.
A,
Investment Maturities - October 2017
Investment Maturities (in Years)
Credit
Fair
Less Than
More Than
Investment Type
Rating
Value
1
1 - 5
6-10
10
Money market funds
N/A
$ 1,500,149
$ 1,500,149
$
$
$
MN Municipal Money
Market Fund (4M)
N/A
1,010,051
1,010,051
-
-
-
Premier Banks Money
Market Fund
N/A
261,357
261,357
-
-
-
Certificates of deposit
FDIC
12,330,510
8,487,804
3,842,706
Local governments
A/Al/A2
543,861
173,555
207,633
60,043
102,629
AAI/AA2/AA3
7,158,524
1,672,681
3,802,265
1,244,848
438,730
AAA
3,586,790
613,122
2,593,339
380,329
-
State governments
A/Al/A2
206,162
-
206,162
-
-
AAI/AA2/AA3
1,487,523
698,269
789,254
-
-
AAA
660,217
186,658
_
269,733
203,826
-
U.S. agencies
AAA
6,293,356
1,450,183
4,683,480
37,633
122,061
FNMA REMIC
N/A
960
960
-
-
-
U.S. agencies
N/A
966,339
770,417
195,922
-
-
Totaiinvestments
$ 36,005,797
$ 16,825,205
$ 16,590,494
$ 1,926,679
$ 663,420
Deposits
1,295,271
Total cash and investments
$ 37,301,068
October 2017 Investment Detail
Description
Cusip
Number
Credit
RatinglF
,DIG#
Type
Purchase Price
(Carrying Cost
Maturity
Amount
Interest,Current
Rate
Market
Valuer
Ih ere al
Date
Acquired
Coupon
Date l
Maturity].
Due Date
Washington Trust Company
940637HU8
23623
CD
245,000.00
245,000.00
245,000.00
0.750%
244,965.70
maturity
12/05/16
none
11/17/17
PeoplesBank
710465EE1
90213
CD
245,000.00
245,000.00
245,000.00
1.150%
245,017.15
maturity
07/21/17
none
11/21/17
1 Year CD - Premier Bank
1091003210
21714
CD
251,504.10
251,504.10
251,504.10
0.700%
251,504.10
maturity
12/16/16
none
12/16/17
1 Year CD - Premier Bank Rochester
2055214401
33202
CD
246,474.02
246,474.02
246,474.02
0.600%
246,474.02
maturity
12/16/16
none
12/16/17
1 Year CD - Premier Bank MN
3041574901
33204
CD
246,474.02
246,474.02
246,474.02
0.600%
246,474.02
maturity
12/16/16
none
12/16/17
Valley Cent Svgs Bk Reading OH
91944RAE8
28555
CD
150,000.00
150,000.00
150,000.00
1.250%
150,042.00
monthly
12/22/14
01/22/15
12/22/17
Safra National Bk
78658OD59
26876
CD
245,000.00
245,000.00
245,000.00
1.000%
244,973.05
maturity
12/29/16
none
12/28/17
BankUnited NA
066519CT4
58979
CD
245,000.00
245,000.00
245,000.00
1.100%
245,012.25
maturity
12/29/16
none
12/29/17
Bank Baroda New York
06062QY99
33681
CD
245,000.00
245,000.00
245,000.00
1.000%
244,965.70
maturity
03/31/17
none
01/02/18
State Bk India NY
856285DA6
33682
CD
245,000.00
245,000.00
245,000.00
1.300%
245,095.55
maturity
07/18/17
none
01/18/18
Beal Bank SSB Plano Tex
07370T6R9
32574
CD
- 245,000.00
245,000.00
245,000.00
1.100%
244,975.50
maturity
06/21/17
none
01/24/18
First Bank of Highland
319141EL7
17470
CD
245,000.00
245,000.00
245,000.00
0.850%
244,732.95
maturity
02/22/17
none
02/22/18
TCF National Bank
872278YZ3
28330
CD
245,000.00
245,000.00
245,000.00
0.850%
244,732.95
maturity
02/22/17
none
02/22/18
Plains Commerce Bank
72651LBM5
1678
CD
245,000.00
245,000.00
245,000.00
0.850%
244,713.35
maturity
02/28/17
none
02/28/18
Home Savings & Loan Co
43731 LCF4
28114
CD
245,000.00
245,000.00
245,000.00
0.900%
244,723.15
maturity
03/10/17
none
03/09/18
Mabrey Bk Bixby OK
554133BP2
10667
CD
245,000.00
245,000.00
245,000.00
1.200%
244,980.40
maturity
07/14/17
none
03/14/18
Old National Bank
680061GY8
3832
CD
245,000.00
245,000.00
245,000.00
0.950%
244,747.65
maturity
03/15/17
none
03/15/18
S & T Bank
783861CJ4
11124
CD
245,000.00
245,000.00
245,000.00
1.000%
244,794.20
maturity
03/15/17
none
03/15/18
Synovus Bank
87164DHW3
873
CD
244,999.78
244,999.78
245,000.00
1.000%
244,867.70
semi-annual
12/05/16
none
04/13/18
IberiaBank
45083AGW6
28100
CD
245,000.00
245,000.00
245,000.00
1.350%
245,088.20
maturity
07/19/17
none
04/19/18
First Financial Bank
32021SDT0
6600
CD
245,000.00
245,000.00
245,000.00
1.400%
245,142.10
maturity
07/21/17
none
04/23/18
Morgan Stanley Bank NA
61747MXH9
32992
CD
245,000.00
245,000.00
245,000.00
1.450%
245,200.90
maturity
07/27/17
none
04/27/18
Morgan Stanley Pvt Bank
61760ACHO
34221
CD
245,000.00
245,000.00
245,000.00
1.450%
245,200.90
maturity
07/27/17
none
04/27/18
Community Bk Chesapeake MD
20350ACU3
30903
CD
245,000.00
245,000.00
245,000.00
1.350%
245,071.05
maturity
08/18/17
none
05/11/18
Compass Bk Birmingham AL
20451 PSG2
19048
CD
245,000.00
245,000.00
245,000.00
1.400%
245,134.75
maturity
08/11/17
none
05/11/18
PlainsCapital Bank
72663QC98
17491
CD
245,000.00
245,000.00
245,000.00
1.350%
245,031.85
maturity
06/21/17
none
06/21/18
Capital One Bank (USA)
140420ZQ6
33954
CD
245,000.00
245,000.00
245,000.00
0.900%
244,380.15
semi-annual
07/13/16
01/13/17
07/13/18
Key Bank National Association
49306SWQ5
17534
CD
245,000.00
245,000.00
245,000.00
0.850%
244,465.90
semi-annual
07/13/16
01/13/17
07/13/18
Bank of China NY
06426WNJ7
33653
CD
245,000.00
245,000.00
245,000.00
1.500%
245,262.15
maturity
07/20/17
none
07/20/18
First National Bank of Omaha
332135HA3
5452
CD
245,000.00
245,000.00
245,000.00
1.450%
245,169.05
maturity
07/28/17
none
07/27/18
Israel Discount Bank of NY
465076JU2
19977
CD
245,000.00
245,000.00
245,000.00
1.450%
245,139.65
maturity
08/09/17
none
08/09/18
Pacific Western Bank
69506YFT1
24045
CD
245,000.00
245,000.00
245,000.00
1.450%
245,139.65
maturity
08/09/17
none
08/09/18
BMO Harris Bk
05581WST3
16571
CD
245,000.00
245,000.00
245,000.00
1.400%
245,017.15
maturity
10/20/17
none
08/20/18
Bank India New York
06279H4M2
33648
CD
245,000.00
245,000.00
245,000.00
1.450%
244,906.90
maturity
10/19/17
none
10/17/18
CD F & M Bank
30246AFM5
9963
CD
245,000.00
245,000.00
245,000.00
1.350%
244,661.90
maturity
10/20/17
none
10/19/18
Junction City Kansas
481502F72
A2
local
101,558.00
101,558.00
100,000.00
5.500%
103,157.00
semi-annual
05/28/08
03/01/09
09/01/18
Kaufman TX
486206KL8
A3
local
72,922.50
72,922.50
70,000.00
4.000%
70,398.30
semi-annual
06/28/16
02/15/17
02/15/18
Racine WI
7500216D4
AA-
local
101,792.00
101,792.00
100,000.00
2.100%
100,318.00
semi-annual
01/24/12
06/01/12
06/01/18
Indiana St Bond Bank
454624S40
AA+
local
146,123.60
146,123.60
140,000.00
4.302%
142,730.00
semi-annual
12/30/16
none
08/01/18
Reg[Transprtn Dist, Denver
759136RR7
AA1
local
254,312.50
254,312.50
250,000.00
2.000%
250,000.00
semi-annual
07/12/16
11/01/13
11/01/17
Dane County WI
236091M92
AAt
local
106,487.00
106,487.00
100,000.00
2.450%1
100,088.00
semi-annual
07/16/12
none
12/01/17
Minneapolis MN
60374YF93
AA1
local
220,938.00
220,938.00
200,000.00
4.000%1
201,876.00
semi-annual
03/04/14
none
03/01/18
8,487,803.64 CD
Description
Cmbe
Number
Credit
RatinglF
DIC#
Type
Purchase Price
Carrying Cost
Maturity
Amount
Interest.
Rate
Current Market
Value
,es ai
Data
Acquired
Coupon
Date-
Maturity/
Due
New York City NY Transitional
64971QTU7
AA1
local
100,440.00
100,440.00
100,000.00
1.600%
100,159.00
semi-annual
01/27/17
none
05/01/18
Scott County IA
809486EZ2
AA1
local
112,617.00
112,617.00
100,000.00
4.400%
101,309.00
semi-annual
10/31/12
12/01/12
06/01/18
Prior Lake MN
742617CB7
AA2
local
230,000.00
230,000.00
230,000.00
1.000%
229,848.20
semi-annual
05/14/15
12/15/15
12/15/17
Hopkins Minn ISO #270
439881HCO
AA2
local
95,278.40
95,278.40
80,000.00
5.250%
80,736.00
semi-annual
04/30/12
08/01/09
02/01/18
Orono MN ISD #278
687136LA7
AA2
local
115,511.00
115,511.00
110,000.00
4.000%
110,803.00
semi-annual
08/04/16
02/01/17
02/01/18
Chippewa Falls WI
169772VS6
AA3
local
255,321.30
255,321.30
255,000.00
1.550%
254,813.85
semi-annual
07/31/17
none
04/01/18
Washington County MN
937791K1.4
AAA
local
115,000.00
115,000.00
115,000.00
3.750%
115,424.35
semi-annual
07/01/10
01/01/11
01/01/18
Saint Louis Park MN
79174OWC3
AAA
local
112,114.00
112,114.00
100,000.00
3.850%
100,576.00
semi-annual
12/22/11
none
02/01/18
Bandera TX ISD
059851HR9
AAA
local
154,890.00
154,890.00
150,000.00
4.000%
151,276.50
semi-annual
12/22/16
none
02/15/18
Brownsville TX ISD Zero Coupon
116421E46
AAA
local
229,640.00
229,640.00
250,000.00
245,845.00
maturity
06/26/13
none
08/15/18
Washington State
939758DL9
AA
state
205,804.00
205,804.00
200,000.00
4.500%
203,328.00
semi-annual
01/24/12
04/01/12
10/01/18
New Hampshire St Hsg
64469DWU1
AA2
state
200,762.00
200,762.00
200,000.00
1.789%
199,842.00
semi-annual
12/09/15
07/01/16
01/01/18
New Hampshire St Hsg
64469DWV9
AA2
state
115,685.40
115,685.40
115,000.00
1.939%
114,645.80
semi-annual
12/09/15
07/01/16
07/01/18
Kansas St Dev Fin Auth
485429X90
AA3
state
182,743.20
182,743.20
180,000.00
1.877%
180,453.60
semi-annual
07/12/16
none
04/15/18
Virginia St Res Auth Infrastructure
92817QKSO
AAA
state
61,500.00
61,500.00
60,000.00
4.710%
60,000.00
semi-annual
02/09/17
11/01/09
11/01/17
Georgia State
373384RQ1
AAA
state
26,742.50
26,742.50
25,000.00
2.970%
25,317.75
semi-annual
02/08/12
none
10/01/18
Texas State
882722,151
AAA
state
103,089.00
103,089.00
100,000.00
2.894%
101,340.00
semi-annual
08/10/11
04/01/12
10/01/18
Fed Farm Credit Bank
3133EFJMO
AAA
US
249,750.00
249,750.00
250,000.00
0.930%
249,440.00
semi-annual
05/25/16
04/13/16
04/13/18
Fed Home Ln Bank
313379DT3
AAA
US
250,010.74
250,010.74
250,000.00
1.250%
249,860.00
semi-annual
07/07/17
12/08/12
06/08/18
Fed Farm Credit Bank
3133EHDQ3
AAA
US
200,042.00
200,042.00
200,000.00
1.180%
199,828.00
semi-annual
03/30/17
06/27/17
06/27/18
Fed Nall Mtg Assn
3135GOE33
AAA
US
249,677.50
249,677.50
250,000.00
1.125%
249,457.50
semi-annual
07/07/17
07/20/15
07/20/18
Fed Home Ln Mtg Corp Med Term Note
3134G3ZK9
AAA
US
200,000.00
200,000.00
200,000.00
1.200%
199,678.00
semi-annual
07/30/12
01/30/13
07/30/18
Fed Farm Credit Bank
.___._.._...__-
31331Y4S6
AAA
US
114,000.00
114,000.00
100,000.00
5.050%
102,705.00
semi-annual
09/11/13
none
08/01/18
Fed Farm Credit Bank
3133EGK87
AAA
US
199,462.00
199,462.00
200,000.00
1.020%
199,214.00
semi-annual
03/30/17
none
09/24/18
Fed Natl Mtg Assn Remic
31393EA1.3
US
204,187.50
974.28
954.31
4.500%
959.76
monthly
07/30/03
none
08/25/18
FICO Strip Cpn-E Zero Coupon
31771JXM7
US
215,452.16
215,452.16
224,000.00
223,991.04
maturity
12/11/14
none
11/02/17
FICO Strip Cpn Zero Coupon
31771E AA9
US
529,947.00
529,947.00
550,000.00
545,792.50
maturity
06/09/14
none
05/11/18
Fed Home Ln Mtg Corp
31393VM01
US
153,656.25
645.77
630.41
4.500%
633.08
monthly
06/30/03
06/15/18
14,053,647.87
Amex Centurion Bk
02587DU63
27471
CD
245,000.00
245,000.00
245,000.00
1.550%
245,075.95
maturity
06/03/17
02/08/18
11/08/18
BMW Bank of North America
05580ADR2
35141
CD
245,000.00
245,000.00
245,000.00
1.600%
245,122.50
semi-annual
01/22/16
07/22/16
01/22/19
Ally Bank Midvale Utah
02006LF32
57803
CD
245,000.00
245,000.00
245,000.00
1.200%
243,125.75
semi-annual
06/30/16
12/30/16
07/01/19
Barclays Bank
06740KHB6
57203
CD
247,000.00
247,000.00
247,000.00
2.050%
248,430.13
semi-annual
07/03/14
01/02/15
07/02/19
Synchrony Bank
87164WBT4
27314
CD
247,000.00
247,000.00
247,000.00
2.050%
248,390.61
semi-annual
07/11/14
01/11/15
07/11/19
JP Morgan Chase Bank NA
48125Y51.4
628
CD
245,000.00
245,000.00
245,000.00
1.100%
242,878.30
quarterly
07/15/16
10/15/16
07/15/19
PrivateBank & Trust Co
74267GUQ8
33306
CD
247,000.00
207,000.00
247,000.00
2.000%
248,390.61
semi-annual
07/21/14
01/21/15
07/22/19
Goldman Sachs Bank USA
38147JU59
33124
CD
247,000.00
247,000.00
247,000.00
2.050%
248,220.18
semi-annual
07/23/14
01/23/15
07/23/19
Sallie Mae Bank
795450895
58177
CD
245,000.00
245,000.00
245,000.00
1.700%
245,134.75
semi-annual
08/09/17
02/09/18
08/09/19
First Federal Svgs Bk
32021YCH4
29690
CD
249,000.00
249,000.00
249,000.00
1.500%
250,494.00
monthly
01/21/16
02/21/16
08/21/19
Victory Bank
92644LAB8
58615
CD
247,000.00
247,000.00
247,000.00
2.000%
248,360.97
semi-annual
09/24/14
03/24/15
09/24/19
Third Federal Sav & Loan
88413QAW8
30012
CD
128,000.00
128,000.00
128,000.00
2.000%
128,930.56
semi-annual
11/24/14
05/24/15
11/25/19
Celtic Bank
15118RJMO
57056
CD
247,000.00
247,000.00
247,000.00
2.050%
249,544.10
semi-annual
12/20/13
06/20/14
12/20/19
2,459,358.20 local
884,927.15 state
2,221,558.88 US
Less Than 1 Year
Description
Number.
Credit.
RatinglF
DIC #
Type
Purchase Price
Carrying Cost
Maturity
Amount
Interest'
Rate
Current Market-
Value `.
res a'
Date
Acquired
Coupon
Date
Maturity/
Due Date
Stearns Bank NA
857894PB9
10988
CD
247,000.00
247,000.00
247,000.00
1.000%
248,812.98
semi-annual
12/26/14
06/26/15
12/26/19
Citizens Alliance Bank
17318LAP9
1402
CD
249,000.00
249,000.00
249,000.00
2.000%
251,422.77
monthly
06/27/14
07/27/14
06/26/20
Enerbank USA
29266NA31
57293
CD
249,000.00
249,000.00
249,000.00
2.100%
250,371.99
monthly
07/18/14
08/18/14
07/20/20
Elbow Lake MN
284281 KC5
A
local
170,045.70
170,045.70
165,000.00
2.750%
165,945.45
semi-annual
12/08/14
none
12/01/19
Oneida County NY
6824543132
Al
local
45,755.20
45,755.20
40,000.00
6.250%
41,687.60
semi-annual
08/16/10
none
04/15/19
Farmington MN
311297W84
AA
local
102,787.00
102,787.00
100,000.00
2.000%
101,105.00
semi-annual
07/06/16
none
02/01/19
Rice Cnty, MN
762698GK8
AA
local
45,466.80
45,466.80
40,000.00
4.400%
41,150.80
semi-annual
03/07/12
none
02/01/19
Minnetrista MN
604229KE3
AA+
local
10,000.00
10,000.00
10,000.00
2.450%
10,000.00
semi-annual
10/10/13
08/01/14
02/01/19
Ramsey MN
751813PB6
AA+
local
158,677.85
158,677.85
145,000.00
4.500%
145,320.45
semi-annual
02/16/12
04/01/16
04/01/19
Rothsay MN ISD #850
778731AZ2
AA+
local
208,640.25
208,640.25
195,000.00
3.000%
203,035.95
semi-annual
07/06/16
none
02/01/20
Saint Paul MN Pott Auth
793067CC1
AA+
local
79,756.80
79,756.80
80,000.00
2.000%
79,515.20
semi-annual
01/10/17
09/01/17
03/01/20
Stearns Co MN
857896MH4
AA+
local
276,875.00
276,875.00
250,000.00
4.500%
250,557.50
semi-annual
04/17/13
none
06/01/20
Minnetrista MN
604229KGB
AA+
local
161,038.40
161,038.40
160,000.00
3.100%
160,000.00
semi-annual
10/10/13
08/01/14
02/01/21
Greenway MN ISD#31
39678LDF6
AA+
local
27,593.50
27,593.50
25,000.00
5.000%
25,857.50
semi-annual
07/09/13
none
03/15/21
Minneapolis MN
60374YS73
AA1
local
111,898.00
111,898.00
100,000.00
3.250%
101,741.00
semi-annual
06/05/12
12/01/11
12/01/18
Cedar Rapids IA
150528RM1
AA1
local
217,672.00
217,672.00
200,000.00
3.000%
203,614.00
semi-annual
06/11/13
12/01/13
06/01/19
Multnomah Cnty OR Sch Dist 1J
625517JMO
AA1
local
250,000.00
250,000.00
250,000.00
1.450%
249,242.50
semi-annual
08/10/17
12/15/17
06/15/19
Minneapolis MN
60374YS81
AA1
local
278,632.50
278,632.50
250,000.00
3.500%
258,507.50
semi-annual
02/26/13
none
12/01/19
Hampton VA
4095582J1
AA1
local
100,836.00
100,836.00
100,000.00
2.209%
100,775.00
semi-annual
01/20/16
none
04/01/20
Middleton WI
596782RX2
AA1
local
106,979.00
106,979.00
100,000.00
3.750%
101,405.00
semi-annual
02/24/15
none
09/01/20
Des Moines IA Area Cmnty Col
2500971-121
AA1
local
50,606.00
50,606.00
50,000.00
2.450%
50,246.50
semi-annual
11/10/14
12/01/14
06/01/21
Orange Beach ALA
68406PHF1
AA2
local
241,689.60
241,689.60
240,000.00
4.400%
244,728.00
semi-annual
08/05/10
02/01/11
02/01/19
Sioux City IA _ _
829458FC7
AA2
local
156,100.50
156,100.50
155,000.00
2.000%
155,711.45
semi-annual
12/22/16
none
06/01/19
Waterloo IA
941647PA1
AA2
local
50,559.50
50,559.50
50,000.00
2.000%
50,183.00
semi-annual
06/27/13
12/01/13
06/01/19
Western Lake Superior MN
958522WU4
AA2
local
100,000.00
100,000.00
100,000.00
3.150%
102,580.00
semi-annual
08/16/11
04/01/12
10/01/19
Portsmouth VA
73723RSL8
AA2
local
286,268.00
286,268.00
295,000.00
2.400%
299,545.95
semi-annual
07/17/13
02/01/14
02/01/20
Brunswick Cnty
117061VH1
AA2
local
108,967.10
108,967.10
110,000.00
1.740%
108,384.10
semi-annual
08/21/15
none
05/01/20
Fon Du Lac Cnty Wl
344442KK3
AA2
local
259,715.00
259,715.00
250,000.00
3.250%
256,042.50
semi-annual
03/10/17
none
03/01/21
Kane McHenry Cook & De Kalb Zero Cpn
484080MB9
AA3
local
157,328.00
157,328.00
200,000.00
194,086.00
maturity
07/16/12
none
12/01/18
Moorhead MN
6161412R7
AA3
local
108,820.00
108,820.00
100,000.00
3.800%
103,850.00
semi-annual
11/14/11
none
02/01/20
Whitewater Wis
966204KA6
AA3
local
109,541.00
109,541.00
100,000.00
4.850%
108,267.00
semi-annual
06/09/11
none
12/01/20
W Palm Beach FL
955116BE7
AM
local
101,245.00
101,245.00
100,000.00
2.264%1
96,813.00
semi-annual
07/05/16
10/01/16
10/01/22
King Cnty WA
49474E3L5
AAA
local
224,634.00
224,634.00
200,000.00
3.980%
205,104.00
semi-annual
03/27/12
none
12/01/18
Minnetonka MN ISD#276
604195RA7
AAA
local
37,433.20
37,433.20
35,000.00
3.100%
35,216.30
semi-annual
12/22/11
none
02/01/19
Palm Beach Cnty FLA
696497TR7
AAA
local
174,889.50
174,889.50
150,000.00
5.898%
154,552.50
semi-annual
07/06/11
none
06/01/19
Tenn Val Auth Cpn Strip Zero Cpn
88059EWZ3
AAA
local
262,890.00
262,890.00
300,000.00
290,871.00
maturity
12/27/13
none
06/15/19
Norwalk Conn
668844DS9
AAA
local
122,464.80
122,464.80
120,000.00
4.050%
122,074.80
semi-annual
08/04/10
08/01/11
08/01/19
Greensboro NC
395460V21
AAA
local
366,832.80
366,832.80
360,000.00
3.263%
370,666.80
semi-annual
07/15/11
none
10/01/19
Saint Paul MN Port Auth
793028WS6
AAA
local
201,806.00
201,806.00
200,000.00
2.000%
199,528.00
semi-annual
12/22/16
08/01/17
02/01/20
Woodbury MN
97913PCQ7
AAA
local
123,037.35
123,037.35
115,000.00
3.250%
117,739.30
semi-annual
12/22/11
none
02/01/20
Dallas TX lndpl Sch Dist
235308QK2
AAA
local
116,900.00
116,900.00
100,000.00
4.450%
105,577.00
semi-annual
04/16/12
08/15/11
02/15/20
Tenn Valley Auth Zero Cpn
88059EHD9
AAA
local
263,970.00
263,970.00
300,000.00
285,390.00
maturity
03/11/13
none
05/01/20
Tenn Val Auth Cpn Strip Zero Cpn
88059EMX9
AAA
local
88,133.00
88,133.00
100,000.00
94,722.00
maturity
03/18/13
none
07/15/20
3,842,706.15 CD
Description
Cusip
-
Number.
Credit
RatinglF
,DIC:#
Type
Purchase Price
Carrying Cost
Maturity
Amount
Interest
Rate _:
Current Market-
Value
I e Pa
e
Date
Acquired
Coupon
Date -
Maturity
Due Date.:
McAllen TX Dev Corp
579086AW9
AAA
local
175,000.00
175,000.00
175,000.00
1.400%
171,715.25
semi-annual
07/26/16
02/15/17
08/15/20
Indianapolis Ind
45528UGF2
AAA
local
251,507.50
251,507.50
250,000.00
2.219%
250,657.50
semi-annual
07/11/17
07/15/13
01/15/21
Baltimore Cnty MD
05914FME7
AAA
local
51,290.00
51,290.00
50,000.00
2.097%
49,905.00
semi-annual
08/31/16
none
08/01/21
New York St Mtge Agy
64988RHGO
AAA
local
100,000.00
100,000.00
100,000.00
2.375%
99,362.00
semi-annual
10/27/15
04/01/16
10/01/21
Columbus OH
199492CS6
AAA
local
39,956.40
39,956.40
40,000.00
2.133%
40,257.20
semi-annual
02/20/15
none
12/01/21
Connecticut State
20772JQN5
Al
state
214,954.00
214,954.00
200,000.00
3.517%
206,162.00
semi-annual
05127/161
02/15/14
08/15/21
Massachusetts State
57582P2T6
AAI
state
199,744.00
199,744.00
200,000.00
2.090%
200,634.00
semi-annual
12/17/14
11/01/14
05/01/20
Florida St Hurricane
34074GDH4
AA3
state
279,439.80
279,439.80
270,000.00
2.995%
274,673.70
semi-annual
11/10/15
07/01/13
07/01/20
Minnesota St Colleges & Univ
60414FPJ3
AA3
state
- 100,000.00
100,000.00
100,000.00
2.000%
100,018.00
semi-annual
02/26/15
10/01/15
10/01/20
Florida St Dept Environmental
34160WUAO
AA3
state
217,800.00
217,800.00
200,000.00
6.206%
213,928.00
semi-annual
08/30/10
07/01/10
07/01/22
Tennessee State
880541QQ3
AAA
state
48,218.85
48,218.85
45,000.00
3.178%
46,652.40
semi-annual
08/30/16
02/01/12
08/01/20
Virginia State
928109XD4
AAA
state
22,126.00
22,126.00
20,000.00
4.100%
20,714.80
semi-annual
02/07/12
none
06/01/21
Kentucky St Hsg Corp
49130TSHO
AAA
state
203,458.00
203,458.00
200,000.00
2.780%
202,366.00
semi-annual
03/29/17
none
07/01/21
Govt Natl Mtg Assn
31361311-U1
AAA
US
448,245.00
448,245.00
450,000.00
1.060%
446,278.50
semi-annual
08/21/17
none
11/14/18
Fed Farm Credit Bank
3133EHQF3
AAA
US
249,870.00
249,870.00
250,000.00
1.350%
249,520.00
semi-annual
07/07/17
01/07/18
01/07/19
Fed Farm Credit Bank
3133EG3X1
AAA
US
199,711.60
199,711.60
200,000.00
1.250%
199,348.00
semi-annual
06/16/17
07/17/17
01/17/19
Fed Natl Mtg Assn
3136GOY70
AAA
US
199,300.00
199,300.00
200,000.00
1.080%
198,782.00
semi-annual
10/30/12
01/30/13
01/30/19
Fed Farm Credit Bank
3133EC5NO
AAA
US
99,587.00
99,587.00
100,000.00
1.250%
99,382.00
semi-annual
01/07/13
03/04/13
03/04/19
Fed Farm Credit Bank
3133EDTU6
AAA
US
251,285.00
251,285.00
250,000.00
1.700%
250,472.50
semi-annual
07/07/17
03/04/15
03/04/19
Fed Farm Credit Bank
3133EHLZ4
AAA
US
199,654.80
199,654.80
200,000.00
1.270%
199,230.00
semi-annual
06/16/17
09/06/17
03/06/19
Fed Home Ln Bank
3133782M2
AAA
US
250,470.00
250,470.00
250,000.00
1.500%
249,820.00
semi-annual
07/07/17
09/08/12
03/08/19
Fed Natl Mtg Assn
313661FYO
AAA
US
200,000.00
200,000.00
200,000.00
1.375%
199,324.00
semi-annual
06/22/17
none
03/13/19
Fed Nati Mtg Assn_
3135GOK28
AAA
US
299,700.00
299,700.00
300,000.00
1.250%
298,053.00
semi-annual
07/19/17
10/26/16
04/26/19
Fed Home Ln Mtg Corp _ _
3137EADK2
AAA
US
249,035.00
249,035.00
250,000.00
1.250%
248,375.00
semi-annual
07/07/17
02/01/13
08/01/19
Fed Home Ln Mtg Corp Med Term Note
3134G96U6
AAA
US
200,000.00
200,000.00
200,000.00
1.050%
197,660.00
quarterly
08/23/16
11/23/16
08/23/19
RFCSP Strip Principal Zero Coupon
76116FAA5
AAA
US
185,568.00
185,568.00
200,000.00
193,252.00
maturity
07/22/15
none
10/15/19
Fed Farm Credit Bank
3133EGBKO
AAA
US
199,600.00
199,600.00
200,000.00
1.300%
197,944.00
semi-annual
05/25/16
11/25/16
11/25/19
Fed Home Ln Mtg Corp Zero Cpn
31340OBV4
AAA
US
950,527.00
950,527.00
1,000,000.00
958,910.00
maturity
11/02/15
none
11/29/19
Fed Home Ln Bank
313OA3XL3
AAA
US
99,500.00
99,500.00
100,000.00
1.500%
99,441.00
semi-annual
07/22/15
08/10/15
02/10/20
Fed Home Ln Mtg Corp Med Term Note
3134GBS78
AAA
US
200,000.00
200,000.00
200,000.00
1.500%
199,550.00
semi-annual
10/27/17
04127/181
10/27/20
Fed Nad Mtg Assn
3136G4JM6
AAA
US
200,000.00
200,000.00
200,000.00
1.850%
198,138.00
semi-annual
12/28/16
06/28/17
12/28/20
FICO Strip Cpn13 Zero Coupon
31771 C2G9
US
93,140.00
93,140.00
100,000.00
98,049.00
maturity
12/29/14
none
12/27/18
FICO Strip Cpn Zero Coupon
31358BAA6
US
94,480.00
94,480.00
100,000.00
97,873.00
maturity
04/17/15
none
02/01/19
16,590,493.65
Kaufman TX
486206KR5
A3
local
61,821.00
61,821.00
60,000.00
3.000%
60,043.20
semi-annual
06/28/16
02/15/17
02/15/23
Chaska MN
161663683
AA
local
104,657.00
104,657.00
100,000.00
4.000%
101,666.00
semi-annual
09/08/14
none
02/01/24
Mitchell SD Sch Dist #17-2
606687EHO
AA
local
116,702.00
116,702.00
100,000.00
6.000%
106,638.00
semi-annual
12/20/11
06/15/19
06/15/24
Minnetrista MN
604229KJ2
AA+
local
40,000.00
40,000.00
40,000.00
3.850%
40,000.00
semi-annual
10/10/13
08/01/14
02/01/23
Savage Minn
80465PAN4
AA+
local
198,018.00
198,018.00
200,000.00
4.800%
208,764.00
semi-annual
06/17/10
02/01/11
02/01/24
Lake City Minn ISD #813
508084DW7
AA+
local
103,933.00
103,933.00
100,000.00
5.000%
104,132.00
semi-annual
05/11/11
none
02/01/25
Milaca Minn ISD#912
598699NT9
AA+
local
106,941.00
106,941.00
100,000.00
5.650%
103,706.00
semi-annual
07/22/11
none
02/01/27
Minneapolis MN
60374YG68
AA1
local
110,419.00
110,419.00
100,000.00
4.700%
103,473.00 1
semi-annual
10/31/11
none
03/01/23
6,603,236.60 local
1,265,148.90 state
4,879,402.00 US
1- 5 Years
Description
Cusip
Number
Credit
-
RatinglF
DIC#
Type
Purchase Price
Carrying Cost
Maturity
Amount.
Interest:
Rate -
Current Market
Value
I ores al
Date
Acquired
Coupon
Dater
Maturity 1.
Due Date'.
Minneapolis MN
60374YG76
AA1
local
72,201.35
72,201.35
65,000.00
4.800%
67,270.45
semi-annual
12/09/14
none
03/01/24
Alexandria MN ISD #206
015131LQ6
AA2
local
279,760.50
279,760.50
270,000.00
3.000%
276,598.80
semi-annual
01/21/15
none
02/01/23
Duluth MN
264438ZL9
AA2
local
29,767.20
29,767.20
30,000.00
2.625%
29,520.00
semi-annual
12/05/12
08/01/13
02/01/25
Hawkins Cnty TN
420218PL7
AA3
local
111,480.00
111,480.00
100,000.00
4.800%
103,080.00
semi-annual
03/13/12
none
05/01/24
Tennessee Valley Auth Ser E
880591CJ9
AAA
local
121,500.00
121,500.00
100,000.00
6.750%
130,329.00
semi-annual
03/19/09
none
11/01/25
Ice Deposit- National Sports Center
none
local
250,000.00
250,000.00
250,000.00
250,000.00
maturity
02/06/08
none
01/01/26
Georgia State
3733842Q8
AAA
state
204,444.00
204,444.00
200,000.00
2.780%
203,826.00
semi-annual
12/13/16
none
02/01/23
Fed Home Ln Bank
3130A8W33
AAA
US
39,000.00
39,000.00
40,000.00
2.100%
37,632.80
semi-annual
07/27/17
08/22/17
08/22/25
1,926,679.25
Itasca County Minn
465452GP9
A
local
105,024.00
105,024.00
100,000.00
5.550%
102,629.00
semi-annual
07/12/11
none
02/01/28
Van Buren Mich Public Schools
920729HD5
AA1
local
102,750.00
102,750.00
100,000.00
6.430%
106,320.00
semi-annual
07/17/09
11/01/09
05/01/29
Will County IL Cmnty Zero Coupon
969078QM9
AA2
local
159,000.00
159,000.00
500,000.00
332,410.00
maturity
08/25/09
none
11/01/27
Fed Farm Credit Bank
31331VLC8
AAA
US
106,030.45
106,030.45
100,000.00
5.250%
122,061.00
semi-annual
02/26/10
none
04/21/28
663,420.00
33,234,240.77
1,685,220.45 local
203,826.00 state
37,632.80 US
6 -10 Years
541,359.00 local
122,061.00 US
10+Years
INVESTMENT SCHEDULE - Money Market Funds
October 31, 2017
Description
Current Market
Value
YTD Interest
Wells Faro
I Wells Fargo Government Money Market Fund
1 $1,500,149.251
$5,991.59
4M
z 4M
1,003,127.55
1,232.81
4M PLUS
I 14M Plus
6,923.081
3,815.53
Premier Bank
I lPremier Bank Money Market
261,356.80
543.57
Grand Total Money Market Funds 1 $2,771,556.68 $11,583.50
Updated: 11113/2017
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-8923 • WWW.CLAN DOVER. MN. US
TO: Mayor and Councilmembers
CC: James Dickinson, City Administrator
FROM: Dana Makinen, Human Resources Manager
SUBJECT: Discuss City Administrator's Performance
DATE: November 28, 2017
C
The City Council is requested to discuss the 2017 performance of City Administrator James
Dickinson
DISCUSSION
All employees are required to have an annual review. The City Councilmember's were
requested to evaluate Mr. Dickinson in the areas of Council relations, fiscal management,
personnel, supervision, leadership, intergovernmental relations and community relations.
Responses were then sent to the Human Resources Manager to complete. The complied version
of the performance review is attached.
A copy of this report has been provided to Mr. Dickinson.
ACTION REQUESTED
Council is requested to discuss Mr. Dickinson's 2017 performance.
Respectfully submitted,
Dana Makinen