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HomeMy WebLinkAboutWK - February 27, 2018ANL6 Y O F6j01 . 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV City Council Workshop Tuesday, February 27, 2018 Conference Rooms A & B Call to Order — 6:00 p.m. • (763) 755-5100 2. Update on Hanson Blvd. NW Reconstruction - Engineering 3. Discuss Street Lighting/Hanson Blvd. NW Reconstruction/15-16 - Engineering 4. Discuss Honey Bee Ordinance — Engineering 5. Discuss City Code Amendment/Religious Institutions —Administration 6. December 2017 General Fund Budget Progress Report —Administration 7. January 2018 General Fund Budget Progress Report - Administration 8. January 2018 City Investments Report -Administration 9. Other Business 10. Adjournment CAI T Y O F ND OVE 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 . WWW.ANDOVERMN.GOV TO: Mayor and Council Members CC: Jim Dickinson, City Administrator FROM: David D. Berkowitz, Director of Pu corks / City Engineer SUBJECT: Update on Hanson Blvd. NW Reconstruction/15-16 — Engineering DATE: February 20, 2018 INTRODUCTION Representatives from the Anoka County Highway Department will be at the meeting to update the City Council on the 2019 Hanson Boulevard Reconstruction project. DISCUSSION Design work for the 2019 Hanson Boulevard Reconstruction project is about 70-80% complete and Anoka County Highway Department would like to update the City Council before the scheduled March 21, 2018 open house. Two main update items that will be discussed are the noise wall conclusion and the proposed slip lane (right turn lane) from Hanson Boulevard north bound to east bound on Crosstown Boulevard. ACTION REQUIRED The City Council is requested to review and discuss information presented by the Anoka County Highway Department regarding the 2019 reconstruction of Hanson Boulevard. Respectfully submitte David D. Berkowitz, P.E. Cc: Nick Dobda, Anoka County Highway Department l_J 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: Mayor and Council Members CC: Jim Dickinson, City FROM: David D. Berkowitz, Director of Pubic -Works / City Engineer SUBJECT: Discuss Street Lighting/Hanson Blvd. NW Reconstruction/15-16 — Engineering DATE: February 20, 2018 INTRODUCTION The City Council is requested to review the information provided by Connexus Energy regarding street lighting as part of the 2019 Hanson Boulevard Reconstruction. DISCUSSION Connexus Energy has researched and provided a lighting layout and cost estimate to place street lights along Hanson Boulevard from Jay Street to Crosstown Boulevard. With the overhead power from Xcel Energy on the west side of Hanson and Great River Energy on the east side there are limitations on the location in which the light poles can be place. The attached drawing and email identify potential light locations on the east side and identifies the estimated construction cost and monthly fee. West side lighting was reviewed with Xcel Energy and there are only limited and inconsistent possibilities for lighting. Details of the west side will be discussed at the meeting. BUDGETIMPACT The street lighting construction cost will be funded by Municipal State Aid Funds and power and maintenance cost will be funded through the general fund from the City's street lighting budget. ACTION REQUIRED The City Council is requested to review the information included in the packet and presented and direct staff on how to proceed with the street lighting for Hanson Boulevard. Respectfully submitte , David D. Berkowitz, P.E. Attachments: Connexus Lighting Layout & Email Cost Estimate Dave Berkowitz From: Dan Johnson<Dan.Joh nson@connexusenergy.com> Sent: Thursday, February 22, 2018 9:58 AM To: Dave Berkowitz Subject: Hanson Lighting Proposal Attachments: Hanson East Side Lighting Subject to GRE Permitting.pdf Hi Dave, I haven't received final info from Great River yet about their clearance issues but they did offer the guidance that placing lights near their poles would be more likely to meet clearance requirements. The attached layout uses that framework. The estimate for the attached sketch is around $122,500. Included in the estimate is: -17 190W LED Shoebox style lights on 25' fiberglass poles -3 Lighting control cabinets -1 additional transformer -1 additional secondary pole riser -6000' estimated lighting conductor -380' estimated directional bore footage -permits for Anoka County and Great River Energy Current monthly fees for these lights would be $10.76 per light. Let me know what you think. If the city wants to move forward we should get a quote finalized before April I" when our pricing is updated. Thanks, Dan Johnson Distribution Designer I Connexus® Energy Phone: 763.323.4265 Dan.Johnson@connexusenergy.com I ww Facebook: Like Us I Twitter: Follow PConnexusNews I Linkedln: Connect With Us ---your most powerful membership'" --- PROPOSED 190W LED SHOEBOX STYLE LIGHTS ON 25' FIBERGLASS POLES LOCATED BEHIND TRAIL. PROPOSEDLAYOUT SUBJECT TO PERMITTING AND OTHER SITING CONSTRAINTS. FINAL LAYOUT WILL NEED TO BE PERMITTED THROUGH ANOKA COUNTY AND GREAT RIVER ENERGY Luminaire Schedule QtyDescription 17 RVM-190W112LED4K-LE4 L1 147TH AVE -140TH LANE 4p CONNEXUS® ENERGY Your Community Energy Partner Y O F OVE. 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: Mayor and Council Members CC: Jim Dickinson, City Adminis4r3-� David D. Berkowitz, DirectoWorks / City Engineer` FROM: Kameron Kytonen, Natural Resources Technician SUBJECT: Discuss Honey Bee Ordinance - Engineering DATE: February 27, 2018 INTRODUCTION The City Council is requested to discuss the components of the Honey Bee ordinance (Code 54D) to consider amending it to allow beekeeping on lots smaller than 2 acres. DISCUSSION With the recent concern and emphasis on protecting pollinators, more people are taking an interest in doing things to help make a difference. One Andover resident, Mark Maloney -14208 Quince Drive NW, has an interest in beekeeping on his property. The property is half an acre in size. The current City ordinance prohibits this activity on any lot less than 2 acres. Perhaps the ordinance could be revised to allow this if certain training or licensing is obtained and/or an application process is formed. As a "pollinator -friendly" City, it's important to discuss this matter. ACTION REQUIRED The City Council is requested to discuss amending the Honey Bee ordinance to allow beekeeping on lots less than 2 acres. Respectfully submitted, ameron nen Attach: Email from Mark Maloney (dated December 15, 2017) Cc: Mark Maloney -14208 Quince St., Andover, MN 55304 Kameron Kytonen From: markdebbiemaloney@comcast.net Sent: Friday, December 15, 2017 12:19 PM To: Kameron Kytonen Cc: Stephanie Hanson Subject: Andover City Code re: Honey Bees Attachments: shoreview municipal code Section 601.pdf Hi Kameron My family has for the past 12+ years resided at 14208 Quince Street NW in Andover on an approximate 1/2 acre lot that abuts Coon Creek. We are very much interested in the potential of beekeeping on our property but have learned that the Andover City Code as currently written would prohibit such activities based primarily on our property size and location within the MUSA boundary. I do not know the last time this part of the City Code was amended or addressed, but it seems that it may be time for the City to either affirm that this is what the community wants or needs, or perhaps undertake a process that could lead to a modification. At the very least, the Andover City Code as currently written would appear to be out of synch with the recent emphasis on concerns for pollinators and/or pollinator -friendly habitat. I believe that in recent years a number of communities in the Twin Cities have modified their codes, ordinances, land -use controls, etc. to allow for beekeeping in more built-up areas. One community that I'm personally aware of (because I work there) who recently modified their Code to encourage/allow beekeeping in suburban areas is Shoreview. Their recent code changes followed other examples in the area where the practice is licensed for 2 -year periods and includes training requirements for applicants. I have attached a portion of Shoreview's City Code, Section 601 that shows their recent modification with regard to beekeeping. Please let me know how you think this topic could be approached, or if I can be of help in any way. Thanks Mark Maloney 14208 Quince Street NW Andover, MN 55304 (651)336-2503 1685 CROSSTOWN BOULEVARD N.W.. ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: Mayor and Councilmembers CC: Jim Dickinson, City Administra 'A-71117 Joe Janish, Community Develop ent " ector FROM: Stephanie L. Hanson, City Planner SUBJECT: Discussion: Religious Institutions DATE: February 27, 2018 DISCUSSION At the January 23, 2018 work session, City Council discussed modifications to the code pertaining to religious institutions, in which City Council directed staff to make changes. (E) Current language in the City Code limits religious institutions to the residential areas and Limited Business and Shopping Center districts. City Council discussed making changes to the code to allow religious institutions within the Shopping Center and General Business districts. Staff modified the land use table to reflect the changes. As part of the proposed changes, staff researched surrounding community's definition of "religious institutions". The following cities have the same definition as Andover: Blaine, Coon Rapids, Maple Grove, and Brooklyn Center. Brooklyn Park expands its' definitions to include Assembly, Banquets, Convention Halls or Conference Center; Club; Club, Social; and Religious Institution. The definitions are attached for your review. City Council may want to consider adding definitions to the city code for Assembly, Banquets, Convention Halls or Conference Center and modify Andover's existing definition of Church to reflect similar language as Brooklyn Park for Religious Institutions. ACTION REQUIRED Staff recommends the City Council review and discuss the modifications to ordinance related to location of religious institutions and definitions. Re tfully 4mit1del "Stephanie . H City Planner Attachment Draft City Code Changes City of Brooklyn Park Definitions BUSINESS: Any occupation, employment or enterprise wherein merchandise is exhibited or sold, or which occupies time, attention, labor and materials, or where services are offered for compensation. CARPORT: An automobile shelter having one or more sides open. CELLAR: That portion of the building having more than one-half (1/2) of the floor to ceiling height below the average grade of the adjoining ground. CEMETERY: Land used for the burial of human bodies, excluding crematoriums. (Amended Ord. 314, 10-4-2005) IALe]Lill�yl��a11j1l[Qk" CHURCH- A building, together with its accessory buildings and uses where persons regularly assemble for religious worship and which building, together with its accessory buildings and uses, is maintained and controlled by a religious body organized to sustain public worship. CLEAR VIEW TRIANGLE: An area on corner lots where nothing shall be placed or allowed to grow to a height of between two and one-half feet (2 Y2') and ten feet (10') within fifteen feet (15') of the intersecting street right of way lines. (Amended Ord. 8, 10- 21-1970; amd. 2003 Code) (Amended Ord. 314, 10-4-2005) CLUB, PRIVATE: A place of assembly and activity where membership is required and directed toward and limited to people with specific interests or of a specific group. (Amended Ord. 436, 4-15-2014) CLUB, PUBLIC: A place of assembly and activity where membership typically is required and is directed toward the general public, and where the sponsoring organization is non-profit. (Amended Ord. 436. 4-15-2014) COMMERCIAL FEEDLOT: An area where fifteen (15) or more nondomestic animals are confined. 091 01001/_lIIII Chapter 12 COMMERCIALANDUSTRIAL PERMITTED, PERMITTED ACCESSORY, CONDITIONAL, INTERIM AND PROHIBITED USES> P- Permitted Use GR- General Recreation PA-PetmittedA Use LB-LimitedBusiness C -Conditional UserstxFuomonss NB-Neighbodtood Business X -Prohibited Use Sc- Shopping Center PUD -Planned UnkDevel t GB -General Business I -Interim Use I- Industrial If Use Not Specifically Listed or Provided for Elsewhere in the City Code, It Is Prohibited Permitted, Permitted Accessory, Conditional, Interim and Prohibited Uses Zoning Districts GR LB NB SC GB I: Schools K-12 X X X X X X Post -Secondary Schools C C C C C C Schools exceeding height maximum up to 45 feet in height X C C C C C Storage Bulk fuel storage (tanks greater than 1,000 gallon storage capacity) in compliance with City Code 12-8-2 X X C C C C Highway construction materials (temporary processing and storage) in compliance with City Code 12-I6 I I I I I I Mini storage indoor storage only) X X X X C C Outdoor dis lay, storage, and sales X X C C C C Outdoor display, storage, and sales- during operating hours only X X C C C C Tires - Exterior storage of waste tires X X X X X X Tires - Interior storage of more than eight (8) waste tines X C C C C C Toxic waste storage X X X X X X Utilities Private utilities (gas, electric, phone, cable, etc) in Compliance with City Code 8-2 P P P P P P Private utility structures and/or uses (electrical tmnsmission lines, gas pipelines, etc.) C C C C C C Public utility uses for local service P P P P P P Other Any incidental repair, processing, and storage necessary to conduct a permitted commercial or industrial principal use but not to exceed thirty percent (300%) of the floor area space of the principal building. X PA PA PA PA PA Antennas in excess of thirty-five feet (35') in height in compliance with City Code 9-12 C C C C C C Buildings (Principal) exceeding height maximum subject to City Code 12-3-5 C C C C C C Gharehes Reli ious Institution X GX X C ,XC X Clubs and lodges X X X X P X Continuous operation of a business (footnote 9 & 10) X X P P X10 X10 Excavation (Mining) greater than 400 cubic yards when no building permit has been issued in compliance with City Code 12-16 I I I I I I Golf courses and driving ranges C X X X X X Group Homes as regulated by State Statute X X X X X X Junkyards X X X X X X Land Reclamation in compliance with City Code 12-16 1 1 I I I 1 Landfills X X X X X X Manufacturing X X X X P P Marinas C X X X X X Offices X P5 P P P P Publicly owned and operated property except as herein amended P P P P P P Research laboratories X I X I X X P P Swimming pools and recreation areas or structures PA PA PA PA PA I PA Uses which may be detrimental to the health, safety, and welfare of persons residing or working in the vicinity X X X X X X Wholesale businesses X X X X P I P Wind Energy Conversion Systems (WECS)-as defined in and in compliance C C C C C C with Title 9, Chapter 13 of this code. WECS are prohibited on WDE site. (Amended Ord. 8,10-21-1970; amd. Ord. 8JJJJJJ, 7-18-2002; Ord. 8000000,8-5-2002; Ord.8000QQQ, 10- 1-2002; Ord. 8RRRRRR, 10-1-2002; amd. Ord. 8AAAAAAA, 4-15-2003; amd. 2003 Code; amd. Ord. 314 10-4-2005; amd. Ord. 385 7-21- 09; amd. Ord. 388 10-20-09; amd. Ord. 390 3-16-10; amd. Ord. 397 8-17-10; Amd. Ord. 404,1-18-11; Amd. Ord. 436,4-15-14) 1 Conditional use permits for uses not listed herein shall not be granted except where the city council determines that said uses are similar in character to those listed herein. Within any of the following districts, no land or structure shall be used for the following uses by districts except by conditional use permit and in accordance with the criteria as stated in subsection 12-15-61) of this title. 2 Private sewer and water systems shall only be permitted on every other lot, or no more frequently than one private system for each forty thousand (40,000) square feet where large lots are established. This shall not apply to lots of record at the time this title is adopted. On each new plat, the lots are to be developed in accordance with this chapter and shall be so designated. 3 Private sewer and water systems shall only be permitted to replace systems on existing lots when municipal sewer and water is not available. (Amended Ord. 314, 10-4-2005) 4 Provided a minimum of twenty five thousand (25,000) square feet of retail floor space is constructed, except as otherwise approved as part of a Planned Unit Development. 5 Loading berths prohibited in the LB district. 6After a minimum of two thousand (2,000) square feet of retail floor space is constructed, provided the site is two (2) acres or larger. 7 See subsection 13-2-4 of this code for permitted, conditional, and prohibited uses in the AgP district. 8 Farm operations in existence on April 18, 2006 are exempt from this provision. See also City Code 12-4-4. 9 Sec 12-2-2 for definitions of"Continuous Operation and Non -continuous Operation". (Amended Ord. 421, 10-2-12) 10 From November 15th to January 1 st continuous operation will be allowed in the General Business and Industrial Zoning District. (Amended Ord. 424, 11-7-12) 11 See subsection 12-9-2 of this code for permitted home occupations. Brooklyn Park MN Definitions ASSEMBLY, BANQUET, CONVENTION HALLS, or CONFERENCE CENTER. A facility available for private rental for private events such as weddings, conferences, or meetings. This definition does not include rental for uses that are open to the public such as night clubs or general parties. 0141"' (1) An incorporated organization organized under the laws of the state for civic, fraternal, social, or business purposes, for intellectual improvement, or for the promotion of sports, or a congressionally chartered veterans' organization, which: (a) Has more than 30 members; (b) Has owned or rented a building or space in a building for more than one year that is suitable and adequate for the accommodation of its members; (c) Is directed by a board of directors, executive committee, or other similar body chosen by the members at a meeting held for that purpose. (2) No member, officer, agent, or employee shall receive any profit from the distribution or sale of beverages to the members of the club, or their guests, beyond a reasonable salary or wages fixed and voted each year by the governing body. CLUB, SOC)AL. An establishment not included in the definition of CLUB that is open to the public or by private membership where the purpose of the establishment is to provide a place for social interaction between patrons. RELIGIOUS INSTITUTION. A building or campus in which worship, ceremonies, rituals, and education pertaining to a particular system of beliefs are held. Convents, rectories, and the like, may be considered as part of a religious institution campus if located on the same parcel. E 08 Andover City Council Workshop Meeting Minutes — January 23, 2018 Page 6 need to be enforced and someone will need to monitor this. He wondered how they will differentiate one from the other. He stated the difficulty is going to be in identifying and delineating what is one versus the other and what the purpose is for. He stated if the Council is concerned with getting kids worked up and carrying on out in public he did not think there would be a difference if it is wrestling or ultimate fighting. Councilmember Holthus stated she would not want this to be for profit, only for fundraising. Mayor Trude, Councilmembers Goodrich, Bukkila and Knight indicated they would not be in favor of this. Mr. Dickinson indicated they will relay the discussion back to Mr. Denucci. d. Gambling Mr. Dickinson stated the City Council is requested to discuss a proposed amendment to City Code 5-3 Gambling, by the Competition Cheer Spirit Booster Club. Mr. Dickinson stated staff received a request from the Competition Cheer Spirit Booster Club Gambling Committee for an amendment to City Code 5-3 allowing an outside organization to conduct lawful gambling in the City. The City Council is requested to discuss the request to amend City Code 5-3 Gambling and provide direction to staff on how the Council would like to proceed. Mayor Trude stated she did not want to allow outside organizations to conduct lawful gambling in the City or to have two organizations at one premise. The Council was in agreement. e. Religious Land Use Ms. Hanson stated the League of Minnesota Cities (LMC) released a memo on July 6, 2017 regarding The Religious Land Use and Institutional Persons Act (RLUIPA). The memo explains RLUIPA, in which, no governmental entity shall impose or implement a land use regulation in a manner that puts a substantial burden on religious exercise. In no ways shall a government entity impose stricter land use regulations than that of other non -religious assembly or institutions. Ms. Hanson explained current language in the City Code limits religious institutions to the residential areas and Limited Business and Shopping Center Districts. Other places of assemblies such as restaurant and theatres are allowed within more of the cities' commercial districts. Staff recommends the City Council review LMC's memo, city code and discuss the possibility of modifications to ordinance related to religious institutions. Mayor Trude stated when she read this, it talks about substantial burden and when she followed some of the things happening in other suburbs they were saying the use could Andover City Council Workshop Meeting Minutes —January 23, 2018 Page 7 not go into the commercial district and the religious organization indicated there was nothing else available. They have a lot of land in Andover so when they say Residential Zoning District they are not making it very hard to find land and it is cheaper land. They have actively worked with churches. She stated they are not short of places the religious institutions could go so the burden is saying they want to have religious institutions in residential and she did not think the burden is there. She agreed that the language needs some change but was afraid of going to far to accommodate them. Mr. Baumgartner stated in Anoka they had many concerns with the large church going in such as traffic and parking. He thought the thing to remember is they are not talking about freedom of religion. They are talking about a long-term land use and the Religious Land Use Act does not give them anymore rights than any other assembly. It does provide some safeguards in there so that a City cannot discriminate against a religious institution. He stated how this came about is cities were looking at a religious institution as being tax free or exempt from tax purposes and the cities are not recouping their tax base and are not necessarily providing a business. The Act doesn't necessarily give religious institutions anymore rights, it just says the cities cannot prohibit them in comparison to another assembly. The easiest way to look at this is what the League of Minnesota Cities said is that some ordinances now are pointing the broad definition of places of assembly to avoid that discrimination of Religious Institution assembly versus a lodge assembly or a club assembly. He thought what the Council needs to figure out is where in the City are they ok with an assembly regardless if it is religious or secular and where is an assembly not wanted in the City. As long as they are consistent they should be ok. There was discussion between Council and the City Attorney regarding parking and traffic concerns. Mr. Dickinson stated staff proposes handling this via a Conditional Use Permit (CUP) which allows them the ability to deal with the parking, traffic issues, deal with things that do not create a burden on the neighboring properties or find a way for them to work with the neighboring properties. A CUP gives the City the ability to be able to do some level of regulation. Mayor Trude stated it used to be schools and churches were in neighborhoods and she understands churches are changing and becoming larger where they need larger spaces which is usually in industrial areas, but schools handle big events and some of the commercial areas cannot handle large assemblies. She wondered if some of the counties and cities that have dealt with this just look at the size of the gathering because there are the little home churches, and nobody cares if it is in a neighborhood. Councilmember Holthus wondered if the home churches or start up churches that meet at schools are considered assemblies. Mr. Dickinson stated it is an assembly but is secondary to the primary use which is the school operations, which is what they regulate. Andover City Council Workshop Meeting Minutes —January 23, 2018 Page 8 Mr. Baumgartner stated he is not as concerned with someone going to place a church somewhere, he is more concerned with a strip mall that has enough space, and someone wants to utilize the space as an assembly for religious purposes. Mr. Dickinson stated they would not want that to be necessarily permitted but would want to regulate that through a CUP permitting process so then the City would have the ability to address the peripheral issues. Mr. Baumgartner stated the permitting process would be applicable regardless if it is as religious affiliation or something else. The League wanted to make sure that the cities do not differentiate based upon what they do. Mayor Trude stated if they do a temporary fix and then come back to look further at this she would like to match Religious Institutions with schools and clubs and lodges because they are all a membership or group gathering and not necessarily open up every area of the City, just pick a couple of areas that make sense. Councilmember Bukkila stated she was along the same lines with thinking but wanted staff to see if that will work. Mr. Dickinson thought having some level of control is important particularly with the parking and the traffic aspect. Ms. Hanson wondered what is a substantial burden and how can they define that. When the code is looked at and places where they allow assemblies, they are allowed in commercial zoning districts and religious institutions are already allowed in a couple of the zoning districts so there are no favoritisms plus they are allowed in the residential districts as well. Mr. Dickinson stated they could get challenged based on the act if there is an allowable assembly within a particular zoning district and they don't allow the religious institution. Mayor Trude thought the key to this is figuring out what an assembly is. Mr. Dickinson stated as he looked down the use list, where would they want to go strategically. Shopping Center, GB and Industrial the only thing that fits that criteria are restaurants with live entertainment or they have commercial/recreational outdoors which is conditional use in all districts. Mayor Trude asked is legitimate government interest protecting your tax base when they do not have much commercial tax base and have a lot of residential tax base. Councilmember Holthus asked if there is any proportional requirement. Mr. Baumgartner stated there is not. He thought the main thing to keep in mind is whatever they do with one assembly they have to do the same with a religious assembly to keep it consistent unless they can show some compelling Government interest to deviate from that. He stated if they can find a definition that assembly fits whether it is religious or secular and if that definition would be applicable to both and the City is ok with that then staff has some place to go from there. Mr. Dickinson recapped what the Council would like staff to look at and will bring back for further review. 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: FROM: SUBJECT: DATE: Mayor and Councilmembers Jim Dickinson, City Administrator December 2017 General Fund Budget Progress Report February 27, 2018 INTRODUCTION The City of Andover 2017 General Fund Budget contains total revenues of $10,825,139 and total expenditures (amended to include carryforwards and approved transfers) of $11,735,219; 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 - Budeet Year 2017, reflecting year to date actual through December 2017. The attachments are provided to assist discussion in reviewing 2017 progress; other documents may be distributed at the meeting. Please note the December 2017 report is unaudited, and subject to change. The following represents Administration's directives and departmental expectations that were 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 The Council is requested to receive a presentation from staff. submitted, CITY OF ANDOVER General Fund Budget Summary Totals Budget Year 2017 2016 2017 REVENUES Budget Dee YTD % Bud Final Budget Dec YTD %Bud General Property Tax $ 8,113,528 $ 8,217,768 101% S 8,217,768 $ 8,420,354 $ 8,332,634 99% Licenses and Permits 346,205 625,907 181% 625,907 367,705 544,568 148% Intergovernmental 673,248 733,951 109% 733,951 766,150 793,931 104% Charges for Services 767,950 912,219 119% 912,219 773,950 787,042 102% Fines 100,750 88,600 88% 88,600 100,750 75,287 75% Investment Income 75,000 68,380 91% 68,380 75,000 64,751 86% Miscellaneous 116,800 194,812 167% 194,812 124,300 179,789 145% Transfers In 196,930 196,930 100% 196,930 196,930 196,930 100% Total Revenues S 10,390,411 S 11,038 567 106% S 11,038,567 $ 10,825,139 S 10,974,932 101 2016 1 2017 EXPENDITURES Budget Dec YTD %Bud Final Budget Dec YTD %Bud GENERAL GOVERNMENT Miscellaneous 281,728 258,577 92% 258,577 781,728 764,875 98% Mayor and Council $ 88,780 $ 86,990 98% S 86,990 $ 89,991 $ 84,136 93% Administration 192,778 187,876 97% 187,876 199,541 187,514 94% Newsletter 26,000 22,731 87% 22,731 26,000 25,287 97% Human Resources 35,260 13,403 38% 13,403 27,913 15,520 56% Attorney 187,640 184,990 99% 184,990 191,360 188,644 99% City Clerk 157,075 148,338 94% 148,338 148,599 147,450 99% Elections 82,919 64,433 78% 64,433 63,881 17,852 28% Finance 261,016 252,563 97% 252,563 268,129 258,883 97% Assessing 150,000 146,472 98% 146,472 150,000 147,914 99% Information Services 173,483 151,386 87% 151,386 180,722 149,513 83% Planning & Zoning 435,606 414,141 95% 414,141 462,212 398,780 86% Engineering 509,514 511,074 100% 511,074 535,715 511,183 95% Facility Management 568,201 408,250 72% 408,250 651,733 509,547 78% Total General Gov 2,868,272 2,592,647 90% 2,592,647 2,995,796 2,642,223 88% PUBLICSAFETY Miscellaneous 281,728 258,577 92% 258,577 781,728 764,875 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 1,285,416 99% 1,285,416 1,422,522 1,353,209 95% Protective Inspection 441,807 424,247 96% 424,247 446,688 443,712 99% Civil Defense 22,982 17,495 76% 17,495 24,847 16,320 66% Animal Control 7,950 3,700 47% 3,700 5,950 2,544 43% Total Public Safety 4,704,001 4,667325 99% 4,667325 4,862,558 4,778 36 98% PUBLIC WORKS Miscellaneous 281,728 258,577 92% 258,577 781,728 764,875 98% Streets and Highways 656,237 686,087 105% 686,087 614,668 597,964 97% Snow and Ice Removal 563,587 468,174 83% 468,174 547,777 449,881 82% Street Signs 204,193 167,283 82% 167,283 215,244 214,540 100% Tmllac Signals 35,000 27,919 80% 27,919 37,000 36,152 98% Street Lighting 36,400 37,089 102% 37,089 38,400 27,735 72% Street Lights - Billed 217,500 200,509 92% 200,509 217,500 144,451 66% Park & Recreation 1,257,247 1,247,501 99% 1,247,501 1,254,530 1,207,359 96% Natural Resource Preservation 10,096 7,255 0% 7,255 9,197 6,503 71% Recycling 130,927 124,860 95% 124,860 122,221 169,956 139% Total Public Works 3,111,187 2,966,677 95% 2,966,677 3,056,537 2,854,541 93% OTHER Miscellaneous 281,728 258,577 92% 258,577 781,728 764,875 98% Youth Services 38,600 24,500 63% 24,500 38,600 0% Total Other 320,328 283,077 88% 283,077 820,328 764,875 93 Total Expenditures S 11,003,788 S 10,509,726 96% S 10,509,726 S 11,735,219 $ 11,039,975 94 NET INCREASE (DECREASE) $ (613,377) $ 528,841 S 528,841 $ (910,080) S (65,043) 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: January 2018 General Fund Budget Progress Report DATE: February 27, 2018 INTRODUCTION The City of Andover 2018 General Fund Budget contains total revenues of $11,085,238 and total expenditures of $11,265,315; 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 2018, reflecting year to date actual through January 2018. The attachment provided is to assist discussion in reviewing 2018 progress; other documents may be distributed at the meeting. The following represents Administration's directives and departmental expectations that were in place for 2018: 1. Expenditure budgets while approved, expenses are to meet with the spirit that needs are fulfilled first, expansions of service and special requests are to be reviewed with City Administration before proceeding. 2. Departments are to be committed to search for the best possible prices when purchasing goods and services. 3. Departments are to be committed to continually searching out new efficiencies and to challenge the status quo of how the City provides services. 4. Departments are to be committed to searching out collaborative opportunities to facilitate efficient and cost-effective utilization of governmental assets and personnel. 5. Departments are to be committed to developing effective, consistent and ongoing communications with City residents, businesses and other stakeholders. 6. Departments are to be cognizant that services provided are subject to available revenues and should not commit to services that are not sustainable. ACTION REQUESTED The Council is requested to receive a presentation from staff. submitted, CITY OF ANDOVER General Fund Budget Summary Totals Budget Year 2018 2017 2018 REVENUES Budget Jan YTD %Bud Final Budget Jan YTD %Bud General Property Tax $ 8,420,354 S - 0% $ 8,332,634 $ 8,721,256 S - 0% Licenses and Permits 367,705 29,802 8% 544,568 377,900 24,189 6% Intergovernmental 766,150 - 0% 793,931 766,274 202,514 26% Charges for Services 773,950 25,230 3% 787,042 746,700 18,320 2% Fines 100,750 - 0% 75,287 90,250 - 0% Investment Income 75,000 - 0% 64,751 75,000 - 0% Miscellaneous 124,300 36,693 30% 179,789 129,300 6,936 5% Transfers In 196,930 196,930 100% 196,930 178,558 178,558 100% Total Revenues S 10,825,139 $ 288,655 3% S 10,974932 S 11,085,238 $ 430,517 4% 2017 1 2018 EXPENDITURES Budget Jan YTD % Bud Final Budget Jan YTD % Bud GENERAL GOVERNMENT Mayor and Council $ 89,991 $ 22,643 25% $ 84,136 $ 91,298 $ 32,247 35% Administration 199,541 18,283 9% 187,514 203,833 18,855 9% Newsletter 26,000 1,650 6% 25,287 26,000 225 1% Human Resources 27,913 5,558 20% 15,520 28,431 5,768 20% Attorney 191,360 - 0% 188,644 191,360 - 0% City Clerk 148,599 16,909 11% 147,450 155,608 17,207 11% Elections 63,881 1,004 2% 17,852 59,781 1,033 2% Finance 268,129 44,899 17% 258,883 278,660 41,500 15% Assessing 150,000 - 0% 147,914 154,000 - 0% Information Services 180,722 9,220 5% 149,513 180,597 17,372 10% Planning & Zoning 462,212 32,436 7% 398,780 438,827 35,676 8% Engineering 535,715 47,366 9% 511,183 553,765 50,223 9% Facility Management 651,733 24,644 4% 509,547 648,519 29,164 4% Total General Gov 2,995,796 224,612 7% 2,642,223 3,010,679 249,270 8% PUBLIC SAFETY Police Protection 2,962,551 - 0% 2,962,551 3,053,526 763,382 25% Fire Protection 1,422,522 111,862 8% 1,353,209 1,423,914 109,417 8% Protective Inspection 446,688 37,067 8% 443,712 462,164 37,057 8% Civil Defense 24,847 3,929 16% 16,320 32,502 4,099 13% Animal Control 5,950 196 3% 2,544 5,950 - 0% Total Public Safety 4,862,558 153,054 3% 4,778,336 4,978,056 913,955 18 PUBLIC WORKS Streets and Highways 614,668 50,394 8% 597,964 659,943 56,998 9% Snow and Ice Removal 547,777 83,318 15% 449,881 562,706 94,771 17% Street Signs 215,244 15,292 7% 214,540 219,418 14,784 7% Traffic Signals 37,000 - 0% 36,152 37,000 - 0% Street Lighting 38,400 - 0% 27,735 40,400 - 0% Street Lights - Billed 217,500 - 0% 144,451 220,500 - 0% Park & Recreation 1,254,530 99,127 8% 1,207,359 1,297,395 95,185 7% Natural Resource Preservation 9,197 243 0% 6,503 11,574 261 2% Recycling 122,221 15,187 9% 169,956 157,216 9,611 6% Total Public Works 3,056,537 263,561 9% 298549541 3,2069152 271,610 8% OTHER Miscellaneous 781,728 - 0% 764,875 31,828 - 0% Youth Services 38,600 - 0% - 38,600 0% Total Other 820,328 0% 764,875 70,428 0% Total Expenditures $ 11,735,219 $ 641,227 5% $ 11,039,975 $ 11,265,315 $ 1,434,835 13% NET INCREASE (DECREASE) $ (910,080) $ (352,572) S (65,043) $ (180,077) $ (1,004,318) Y 0 F O j 1 E 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755-8923 • WWW.ANDOVERMN.GOV TO: FROM: SUBJECT: DATE: Mayor and Councilmembers Jim Dickinson, City Administrator January 2018 City Investment Reports February 27, 2018 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 January 2018, the January 2018 Investment Detail Report, and the January 2018 Money Market Funds Report. These attachments are intended to provide a status report on the January 2018 investments. ACTION REQUESTED Informational, for Council review. Staff will provide a brief presentation and answer questions. fitted, Investment Maturities - January 2018 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 $ 1,593,436 $ 1,593,436 $ $ $ MN Municipal Money Market Fund (4M) N/A 1,012,430 1,012,430 - - - Premier Banks Money Market Fund N/A 275,648. 275,648 - - - Certificates of deposit FDIC 11,654,985 8,324,218 3,330,767 - - Local governments A/Al/A2 1 538,048 172,073 205,451 58,732 101,792 AAI/AA2/AA3 6,472,025 1,383,390 3,401,870 1,581,867 104,898 AAA 3,814,910 700,204 2,531,629 583,077 - State governments _ A/Al/A2 201,464 - 201,464 - - _ AAl/AA2/AA3 1,352,447 487,714 864,733 _ - AAA 591,029 125,924 1 265,723 199,382 - U.S. agencies AAA 473,417g2,79O,663 5,527,558 36,778 118,419 i FNMA REMIC N/A 586U.S. agencies N/A 744,186Total investments $ 36,724,611 $ 16,427,209 =$2, 59,836 $ 325,109 Deposits 1,450,407 Total cash and investments $ 38,175,017 January 2018 Investment Detail Description Cusip Number Credit Rating/F DIC # Type Purchase Price Carrying Cost Maturity Amount Interest Rate Current Market Value Interest Paid Date Acquired Coupon Date Maturity) Due Date First Bank of Highland 319141 EU 17470 CD 245,000.00 245,000.00 245,000.00 0.850% 244,931.00 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% 244,931.40 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% 244,914.25 maturity 02/28/17 none 02/28/18 Home Savings & Loan Co 43731LCF4 28114 CD 245,000.00 245,000.00 245,000.00 0.900% 244,892.20 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% 244,960.80 maturity 07/14/17 none 03/14118 Old National Bank 680061GYB 3832 CD 245,000.00 245,000.00 245,000.00 0.950% 244,884.85 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% 244,899.55 maturity 1 03/15/17 none 03/15/18 Synovus Bank 87164DHW3 873 CD 244,999.78 244,999.78 245,000.00 1.000% 244,862.80 semi-annual 12/05/16 none 04/13/16 IbedaBank 45083AGW6 32021SDT0 28100 6600 CD CD 245,000.00 245,000.00 245,000.00 245,000.00 245,000.00 245,000.00 1.350% 1.400% 244,951.00 244,970.60 maturity maturity 07/19/17 07/21/17 none none 04/19/18 04/23/18 First Financial Bank Morgan Stanley Bank NA Morgan Stanley Pvt Bank 61747MXH9 32992 CD CD 245,000.00 245,000.00 245,000.00 245,000.00 245,000.00 245,000.00 1.450% 1.450% 244,992.65 244,992.65 maturity maturity 07/27/17 07/27/17 none none 04/27/18 04/27/18 61760ACH0 _ 34221 _ _ Community Bk Chesapeake MD 20350ACU3 30903 CD 245,000.00 245,000.00 245,000.00 1.350% 244,906.90 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% 244.941.20 maturity 08/11/17 none 05/11/18 PlainsCapital Bank 72663QC98 17491 CD 245,000.00 245,000.00 245,000.00 1.350% 244,813.80 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% 244,358.10 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% 244,412.00 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% 244,904.45 maturity 07/20/17 none 07/20/18 First National Bank of Omaha 332135HA3 5452 _ 19977 CD CD 245,000.00 245,000.00 245,000.00 245,000.00 1.450% 244,828.50 maturity maturity maturity 07/28/17 08/09117 08/09/17 none none none 07/27/18 08/09/18 08/09/18 Israel Discount Bank of NY 465076JU2 245,000.00 245,000.00 1.450% 244,804.00 Pacific Western Bank BMO Harris Bk Cathay Bank ZB NA Beal Bk 69506YFT1 05581WST3 149159LR4 98878BLC0 07370W5138 24045 16571 18503 2270 57833 CD CD 245,000.00 245,000.00 245,000.00 245,000.00 245,000.00 1.450% 244,804.00 244,718.25 245,000.00 1.400% maturity 10/20/17 none 08/20/18 CD 245,000.00 245,000.00 245,000.00 1.500% 244,826.05 maturity 12/07/17 none 09/07/18 CD 245,000.00 245,000.00 245,000.00 245,000.00 1.500% 244,767.25 maturity 12/07/17 none 09/07/18 CD 245,000.00 245,000.00 1.500% 244,816.25 maturity 12/13/17 none 09/12/18 BNY Mellon 05584CBA3 7946 CD 245,000.00 245,000.00 245,000.00 1.550% 244,892.20 maturity 12/12/17 none 09/12/18 Bank India New York 06279H4M2 33648 CD 245,000.00 245,000.00 245,000.00 1.450% 244,649.65 maturity 10/19/17 none 10117/18 CD F & M Bank 30246AFM5 9963 CD 245,000.00 245,000.00 245,000.00 1.350% 244,468.35 maturity 10/20/17 none 10/19/18 New York Community Bank 649447RD3 16022 CD 245,000.00 245,000.00 245,000.00 1.600% 244,909.35 maturity 12/22/17 none 10/22/18 Amex Centurion Bk 02587DU63 27471 CD 245,000.00 245,000.00 245,000.00 1.550% 244,764.80 maturity 08/03/17 02/08/18 11/08/18 1 Year CD -Premier Bank 1091003210 21714 CD 245,000.00 245,000.00 245,000.00 1.500% 245,000.00 maturity 12/16/17 none 12/16/18 1 Year CD- Premier Bank Rochester 2055214401 33202 CD 245,000.00 245,000.00 245,000.00 1.500% 245,000.00 maturity 12/16/17 none 12/16/18 1 Year CD- Premier Bank MN 3041574901 33204 CD 245,000.00 245,000.00 245,000.00 1.500% 245,000.00 maturity 12/16/17 none 12/16/18 BMW Bank of North America 05580ADR2 35141 CD 245,000.00 245,000.00 245,000.00 1.600% 244,448.75 semi-annual 01/22/16 07/22/16 01/22/19 Junction City Kansas 481502F72 A2 local 101,558.00 101,558.00 100,000.00 5.500% 102,030.00 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% 70,042.70 semi-annual 06/28/16 02/15/17 02/15/18 Racine Wl 7500216/34 AA- local 101,792.00 101,792.00 100,000.00 2.100% 100,113.00 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% 141,645.00 semi-annual 12/30/16 none 08/01/18 Minneapolis MN 60374YF93 AA1 local 220,938.00 220,938.00 200,000.00 4.000% 200,412.00 semi-annual 03/04/14 none 03/01/18 New York City NY Transitional 64971QTU7 AA1 local 100,440.00 100,440.00 100,000.00 1.600%1 99,885.00 semi-annual 01/27/17 none 05/01/18 _ Scott County lA 809486EZ2 AA1 local 112,617.00 112,617.00 100,000.00 4.400°k 100,676.00 semi-annual 10/31/12 12/01 06/01/18 Minneapolis MN 60374YS73 AA1 local 111,898.00 111,898.00 100,000.00 3.250%1 101,016.00 semi-annual 06/05/12 12/01/11 12/01/18 8,324,218.00 CD Description Cusip Number Credit Rating/F DIC # Type Purchase Price Carrying Cost Maturity Amount Interest Rate Current Market Value Interest Paid Date Acquired Coupon Date Maturity 1 Due Date Hopkins Minn ISD#270 439881HCO AA2 local 95,278.40 95,278.40 80,000.00 5.250% 80.000.00 semi-annual 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% 110,000.00 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% 254,829.15 semi-annual 07/31/17 none 04/01/18 Kane McHenry Cook & De Kalb Zero Cpn 484080MB9 AA3 local 157,328.00 157,328.00 200.000.00 194,814.00 maturity 07/16/12 none 12/01/18 Saint Louis Park MN 79174OWC3 AAA local 112,114.00 112,114.00 100,000.00 3.850% 100,000.00 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% 150,148.50 semi-annual 12/22/16 none 02/15/18 Brownsville TX ISD Zero Coupon 116421E46 AAA local 229,640.00 229,640.00 250,000.00 246,777.50 maturity 06/26/13 none 08/15/18 King Cnty WA 49474E315 AAA local 224,634.00 224,634.00 200,000.00 3.980% 203,278.00 semi-annual 03/27/12 none 12/01/18 Washington Stale 939758DL9 AA state 205,804.00 205,804.00 200,000.00 4.500% 202,820.00 semi-annual 01/24/12 04/01/12 10/01/18 New Hampshire St Hsg 64469DWV9 AA2 state 105,625.80 105,625.80 105,000.00 1.939% 104,765.85 semi-annual 12/09/15 07/01/16 07101/18 Kansas St Dev Fin Auth 485429X90 AA3 state 182,743.20 182,743.20 180,000.00 1.877% 180,127.80 semi-annual 07/12/16 none 04/15/18 Georgie State 373384RQ1 AAA state 26,742.50 26,742.50 25,000.00 2.970% 25,175.00 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% 100,749.00 semi-annual 08/10/11 04/01112 10/01/18 _ Fed Farm Credit Bank 3133EFJMO 313379DT3 3133EHDQ3 AAA US 249,750.00 249,750.00 250,000.00 0.930% 249,650.00 semi-annual 05/25/16 07/07/17 03/30/17 04/13116 12/08/12 06/27/17 04/13/18 06/08/18 06/27/18 Fed Home Ln Bank Fed Farm Credit Bank AAA AAA US US 250,010.74 200,042.00 250,010.74 200,042.00 250.000.00 200,000.00 1.250% 1A80% 249,685.00 199,640.00 Fed Nall Mtg Assn 3135GOE33 AAA US 249,677.50 249,677.50 250,000.00 1.125% 249,365.00 07/07117 07/20/15 07/20/18 Fed Home Ln Mlg Corp Med Term Note 3134G3ZK9 AAA US 200,000.00 200,000.00 200,000.00 1.200% 199,546.00 semi-annual 07/30/12 01/30/13 07/30/18 Fed Farm Credit Bank 31331Y4S6 3133EGK87 3130ACR89 3136G1LU1 3133EHQF3 3133EG3X1 3136GOY70 AAA US 114,000.00 114,000.00 100,000.00 5.050% 101,644.00 semi-annual 09/11/13 03130/17 11/03/17 08/21/17 none none 05/02/18 none 08/01/18 09/24/18 11/02/18 11/14/18 Fed Farm Credit Bank Fed Home Ln Bank_ _ Govt Natl Mtg Assn _ Fed Farm Credit Bank Fed Farm Credit Bank Fed Nall Mlg Assn Fed Nall Mtg Assn Remic FICO Strip Cpn Zero Coupon AAA AAA US US 199,462.00 249,862.50 448,245.00 199,462.00 249,862.50 448,245.00 200,000.00 250,000.00 1.020% 1.375% 199,052.00 249,165.00 semi-annual semi-annual US 450,000.00 1.0600h 447,142.50 _AAA AAA AAA AAA US US US US US 249,870.00 199,711.60 199,300.00 249,870.00 199,711.60 199,300.00 250,000.00 200,000.00 200,000.00 1.350% 1.250% 1,080% 248,805.00 198,776.00 semi-annual 07/07/17 06/16/17 01/07/18 07/17/17 01/07/19 01117/19 198,192.00 semi-annual 10/30/12 01/30/13 01/30/19 31393EAL3 204.187.50 596.60 584.37 4.500% 586.20 monthly 07/30/03 none 08/25/18 31771 EAA9 529,947.00 529,947.00 550,000.00 547,525.00 maturity 06109/14 none 05/11/18 Fed Home Ln Mtg Corp 31393VMQ1 US 153,656.25 335.27 327.30 4.500% 327.99 monthly 06/30/03 06115/18 FICO Strip Cpnl3 Zero Coupon 31771C2G9 US 93,140.00 93,140.00 100,000.00 98,318.00 maturity 12/29/14 none 12/27/16 14,630,942.19 Ally Bank Midvale Utah 02006LF32 57803 CD 245,000.00 245,000.00 245,000.00 1.200%1 242,248.65 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% 247,044.46 semi-annual 07/03/14 01/02115 07/02/19 Synchrony Bank 87164WBT4 27314 CD 247,000.00 247,000.00 247,000.00 2.050% 246,982.71 semi-annual 07111/14 01/11/15 07/11119 JP Morgan Chase Bank NA 48125Y51-4 628 CD 245,000.00 245,000.00 245,000.00 1.100% 241,988.95 quarterly 07/15/16 10/15/16 07115/19 Pdvateeank&Trust Cc 74267GUQ8 33306 CD 247,000.00 247,000.00 247,000.00 2.000% 246,948.13 semi-annual 07121114 01/21/15 07122/19 Goldman Sachs Bank USA 38147JU59 33124 CD 247,000.00 247,000.00 247,000.00 2.050% 246,799.93 semi-annual 07/23/14 01/23/15 07/23/19 Sallie Mae Bank 79545OB95 58177 CD 245,000.00 245,000.00 245,000.00 1.700% 243,826.45 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% 248,917.83 monthly 01121/16 02/21/16 08/21/19 Victory Bank 92644LAB8 58615 CD 247,000.00 247,000.00 247,000.00 2.000% 246,713.48 semi-annual 09124/14 03/24/15 09/24/19 Third Federal Sav & Loan 88413QAWB 30012 CD 128,000.00 128,000.00 128,000.00 2.000% 127,938.56 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% 247,459.42 semi-annual 12/20/13 06/20/14 12/20/19 Steams Bank NA 857894PB9 10988 CD 247,000.00 247,000.00 247,000.00 1.000% 246,794.99 semi-annual 12/26/14 06/26/15 12/26/19 2,255,666.85 local 613,637.65 state 3,437,419.69 US Less Than 1 Year Description Cusip Number Credit RadnglF DIC # Type Purchase Price Carrying Cost Maturity Amount Interest Rate Current Market Value Date Acquired Coupon Date Maturity/ Due Date Citizens Alliance Bank 17318LAP9 1402 CD 249,000.00 249,000.00 249,000.00 2.000% 249,032.37 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% 248,071.23 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% 164,336.70 semi-annual 12/08/14 none 12/01/19 Oneida County NY 6824543R2 Al local 45,755.20 45,755.20 40,000.00 6.250% 41,114.00 semi-annual 08/16110 none 04/15/19 Farmington MN 311297W84 AA local 102,787.00 102,787.00 100,000.00 2.000% 100,582.00 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% 40,752.40 semi-annual 03/07/12 none 02/01/19 Ramsey MN 751813PB6 AA- local 158,677.85 158,677.85 145,000.00 4.500% 145,284.20 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% 200,344.95 semi-annual 07/06/16 none 02/01/20 Saint Paul MN Port Auth 793067CC1 AA+ local 79,756.80 79,756.80 80,000.00 2.000% 78,737.60 semi-annual 01/10/17 09/01/17 03/01/20 Steams Cc MN 857896MH4 AA+ local 276,875.00 276,875.00 250,000.00 4.500% 250,480.00 semi-annual 04/17/13 none 06/01/20 Greenway MN ISD #31 39678LDF6 AA+ local 27,593.50 27,593.50 25,000.00 5.000% 25,556.25 semi-annual 07/09/13 none 03/15/21 Cedar Rapids IA 150528RM1 AA1 local 217,672.00 217.672.00 200,000.00 3.000% 201,786.00 semi-annual 06/11/13 12/01/13 06/01/19 Multnomah Cnty OR Sch Dist IJ 625517JMO AA1 local 250,000.00 250,000.00 250,000.00 1.450% 247,737.50 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% 255,180.00 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% 99,602.00 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% 100,680.00 semi-annual 02/24/15 none 09/01/20 Des Moines IA Area Cmnty Col 250097H21 AA1 local 50,606.00 50,606.00 50,000.00 2.450% 49,604.50 semi-annual semi-annual 11/10/14 08/05/10 12/01/14 02/01/11 06/01/21 02/01/19 Orange Beach ALA 68406PHF1 AA2 local 241,689.60 241,689.60 240,000.00 4.400% 242,784.00 Sioux City IA 829458FC7 AA2 local 156,100.50 156,100.50 155,000.00 2.000%1 154,628.00 semi-annual 12/22/16 none 06/01/19 Waterloo [A 941647PAl AA2 AA2 AA2 AA2 AA2 AA3 AA3 local 50,559.50 50,559.50 50,000.00 2.000% 49,841.00 semi-annual 06/27/13 08/16/11 12/01/13 06/01/19 Western Lake Superior MN 958522WU4 local 100,000.00 286,268.00 108,967.10 100,000.00 100,000.00 3.150% 101,416.00 semi-annual 04/01/12 10/01119 Portsmouth VA Brunswick Cnty Fon Du Lac Cnty WI Moorhead MN Whitewater Ws 73723RSLB 117061VH1 344442KK3 6161412R7 966204KA6 local local 286,268.00 295,000.00 2.400% 296,070.85 semi-annual 07/17/13 02/01/14 02/01/20 108,967.10 110,000.00 1.740% 3.250% 107,310.50 252,980.00 semi-annual semi-annual 08/21/15 none none 05/01/20 03/01/21 local 259,715.00 108,820.00 259,715.00 108.820.00 250,000.00 03/10/17 local 100,000.00 3.800% 102,846.00 semi-annual 11/14/11 none 02/01/20 local 109,541.00 109,541.00 100,000.00 4.850% 106,117.00 semi-annual 06/09/11 none 12/01/20 West Bend Wil 951428BNO AA3 local 97,805.00 97,805.00 100,000.00 1.900% 96,637.00 semi-annual 01/11/18 none 04/01/22 W Palm Beach FL 955116BE7 AA3 local 101,245.00 101,245.00 100,000.00 2.264% 94,912.00 semi-annual 07/05116 10/01116 10/01122 Minnetonka MN ISD #276 604195RA7 AAA local 37,433.20 37,433.20 35,000.00 3.100% 35,114.10 semi-annual 12/22111 none 02/01/19 Palm Beach Cnty FLA 696497TR7 AAA local 174,889.50 174,889.50 150,000.00 5.898% 152,926.50 semi-annual 07/06/11 none 06/01/19 Tenn Val Auth Cpn Strip Zero Cpn 88059EWZ3 AAA local 262,890.00 262,890.00 300,000.00 290,244.00 maturity 12/27/13 none 06/15/19 Norwalk Conn 668844DS9 AAA local 122,464.80 122,464.80 120,000.00 4.050% 121,089.60 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% 366,289.20 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%1 198,206.00 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 3250% 116,282.25 semi-annual 12/22/11 none 02/01/20 Dallas TX Indpt Sch Dist 235308QK2 AAA local 116,900.00 116,900.00 100,000.00 4.450% 103,969.00 semi-annual 04/16/12 08/15/11 02/15/20 Tenn Valley Auth Zero Cpn 88059EHD9 AAA local 263.970.00 263,970.00 300,000.00 283,569.00 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 94,022.00 maturity 03/18/13 none 07/15/20 McAllen TX Dev Corp 579086AW9 AAA local 175,000.00 175,000.00 175,000.00 1.400% 169,781.50 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% 246,887.50 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% 48,819.50 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%1 98,001.00 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°k 39,492.80 semi-annual 02/20/15 none 12/01/21 3,330,767.16 CD Description Cusip Number Credit RatinglF DIC # Type Purchase Price Carrying Cost Maturity Amount Interest Rate Current Market Value Interest Paid Date Acquired Coupon Date Maturity Due Date Outagamie Cnty WI 689900898 AAA local 170,000.00 170,000.00 170,000.00 2.350% 166,934.90 201,464.00 semi-annual semi-annual 11/07/17 05/01/18 11/01/22 Connecticut State 20772JQN5 Al state 214,954.00 214,954.00 _ 200,000.00 3.517% 05/27116 02/15/14 08/15121 Massachusetts State 57582P2T6 AA1 state 199,744.00 199,744.00 200,000.00 2.090% 198,300.00 semi-annual 12/17/14 11/01114 05/01120 Colorado St Hsg & Fin Auth 196479A82 AA2 state 84,864.00 84,864.00 85,000.00 1.875% 84,190.80 semi-annual 01/26/18 none 05/01/19 Florida St Hurricane 34074GDH4 AA3 state 279,439.80 279,439.80 270,000.00 2.995% 273,140.10 semi-annual 11/10/15 07/01/13 07/01/20 Minnesota St Colleges & Univ 60414FPJ3 AA3 stale 100,000.00 100,000.00 100,000.00 2.000% 98,666.00 semi-annual 02/26/15 10/01/15 10/01/20 Florida St Dept Environmental 34160WUAO AA3 slate 217,800.00 217,800.00 200,000.00 6.206% 210,436.00 semi-annual 08/30/10 07/01/10 07/01/22 Tennessee State 880541QQ3 AAA state 1 48,218.85 48,218.85 45,000.00 3.178% 45,715.50 semi-annual 08/30/16 02/01/12 08/01/20 Virginia State 928109X04 AAA state 22,126.00 22,126.00 20,000.00 4.100% 20,463.40 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% 199,544.00 semi-annual 03/29/17 none 07/01/21 Fed Farm Credit Bank 3133EC5NO AAA US 99,587.00 99,587.00 100,000.00 1.250% 99,062.00 1 semi-annual 01/07113 03/04/13 03104119 Fed Farm Credit Bank 3133EDTU6 AAA US 251,285.00 251,285.00 250,000.00 1.700% 249,165.00 07/07/17 03/04/15 03/04/19 Fed Farm Credit Bank 3133EHIZ4 AAA US 199,654.80 199,654.80 200,000.00 1.270% 198,442.00 06/16117 09106/17 03/06/19 Fed Home Ln Bank 3133782M2 AAA US 250,470.00 250,470.00 250,000.00 1.500% 248,612.50 07/07/17 09/08/12 03/08/19 Fed Natl Mtg Assn 3136G1FY0 AAA US 200,000.00 200,000.00 200,000.00 1.375% 198,578.00 semi-annual 06/22/17 none 03/13/19 Ln Fed Home Mtg Corp 3137EADZ9 AAA US 297,417.00 297,417.00 300,000.00 1.125% 296,772.00 semi-annual 12/14/17 07/19/17 07/07/17 10/15/16 10/26/16 02101/13 04/15/19 04/26/19 Fed Nag Mtg Assn 3135GOK28 3137EADK2 AAA AAA US US 299,700.00 249,035.00 299,700.00 249,035.00 300,000.00 250,000.00 1.250% 1.250% 297,051.00 246,875.00 Fed Home Ln Mtg Corp 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% 196,748.00 quarterly 08/23/16 11/23116 08/23/19 Fed Home Ln Bank AAA US 301,065.00 301,065.00 300,000.00 2.000% 1.160% 1.550% 298,683.00 294,744.00 semi-annual semi-annual semi-annual maturity semi-annual 12/07/17 12/08/17 01/04/18 07/22/15 none none 04/11/18 09/13/19 09/26/19 10/11/19 10/15/19 11/25/19 11/29/19 Fed Farm Credit Bank Fed Farm Credit Bank RFCSP Strip Principal Zero Coupon Fed Farm Credit Bank Fed Home Ln Mtg Corp Zero Cpn _313383VN8 3133EGVJ1 3130ACLS1 76116FAA5 3133EGBKO 31340OBV4 AAA AAA AAA AAA US 297,300.00 248,227.50 185,568.00 199,600.00 297,300.00 300,000.00 US US 248,227.50 185,568.00 250,000.00 247,427.50 192,766.00 200,000.00 200,000.00 none US 199,600.00 1.300% 196,568.00 05/25/16 11/25/16 AAA US 950,527.00 950,527.00 1,000,000.00 960,020.00 maturity 11/02/15 none Fed Farm Credit Bank 3133EGFR1 AAA US 223,031.25 223,031.25 225,000.00 1.330°k 221,364.00 semi-annual 11/03/17 none 12/16/16 Fed Home Ln Mtg Corp 3137EAEE5 AAA US 297,912.00 297,912.00 300,000.00 1.500% 296,226.00 semi-annual 12/07/17 07/17/17 01/17/20 Fed Home Ln Bank 313OA3XL3 AAA US 99,500.00 99,500.00 100,000.00 1.500% 98,626.00 semi-annual 07/22/15 08/10/15 02/10/20 Fed Home Ln Mtg Carp Med Tenn Note 3134GBS78 AAA US 200,000.00 200,000.00 200,000.00 1.500% 197,910.00 semi-annual 10127/17 04/27/18 10/27/20 Fed Home Ln Mtg Corp 3137EAEKI AAA US 299,193.00 299,193.00 300,000.00 1.875% 296,532.00 semi-annual 12/07/17 05/17118 11/17/20 Fed Nall Mtg Assn 3136G4JM6 AAA US 200,000.00 200,000.00 200,000.00 1.850% 195,386.00 semi-annual 12/28/16 06/28/17 12/28/20 FICO Strip Cpn Zero Coupon 31358BAA6 US 94,480.00 94,480.00 100,000.00 98,015.00 maturity 04/17/15 none 02/01/19 16,427,209.26 Kaufman TX 486206KR5 A3 local 61,821.00 61,821.00 60,000.00 3.000% 58,732.20 semi-annual 06/28/16 02/15117 02/15/23 Chaska MN 161663653 AA local 104,657.00 104,657.00 100,000.00 4.000% 102,282.00 semi-annual 09/08/14 none 02101/24 Mitchell SD Sch Dist #17-2 606687EHO AA local 116,702.00 116,702.00 100,000.00 6.000% 104,952.00 semi-annual 12/20/11 06/15/19 06/15/24 Lake City Minn ISD #8`13 508084DW7 AA+ local 103,933.00 103,933.00 100,000.00 5.000% 103,158.00 semi-annual 05111111 none 02/01125 Milaca Minn ISD #912 598699NT9 AA+ local 106,941.00 106,941.00 100,000.00 5.650% 102.622.00 semi-annual 07/22/11 none 02/01127 Minneapolis MN 60374YG68 AA1 local 110,419.00 110,419.00 100,000.00 4.700% 102,314.00 semi-annual 10/31/11 none 03/01/23 Minneapolis MN 60374YG76 AA1 local 72,201.35 72,201.35 65,000.00 4.800% 66,539.20 semi-annual 12/09/14 none 03/01/24 Ann Arbor Ml 035438CF5 AA1 local 262,025.00 262,025.00 250,000.00 5.750% 259,357.50 semi-annual 12/27/17 05/01/19 05/01/27 Alexandria MN ISD#206 015131LQ6 AA2 local 279,760.50 279,760.50 270,000.00 3.000% 270,288.90 semi-annual 01/21/15 none 02101/23 6,138,949.30 local 1,331,919.80 state 6,625,573.00 US 1 5 Years Description Cusip Number Credit Rating/F DIC # Type Purchase Price Carrying Cost Maturity Amount Interest Rate Current Market Value Interest Paid Date Acquired Coupon Date Maturity) Due Date Duluth MN 264438ZL9 AA2 local 29,767.20 29,767.20 30,000.00 2.625% 28,776.60 339,545.00 semi-annual maturity 12/05/12 08/01/13 02/01/25 Will County lL cmnty Zero coupon 9690780109 AA2 local 159,000.00 159,000.00 500,000.00 08/25/09 none 11/01/27 Hawkins Ginty TN 420218PU AA3 local 111,480.00 111,480.00 100,000.00 4.800% 102,032.00 semi-annual 03/13/12 none 05/01/24 Savage Minn 80465PAN4 AAA local 198,018.00 198,018.00 200,000.00 4.800% 206,078.00 semi-annual 06/17/10 02/01/11 02/01/24 Tennessee Valley Auth Ser E 880591C,19 AAA local 121,500.00 121,500.00 100,000.00 6.750% 126,999.00 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 373384208 AAA_ state 204,444.00 204,444.00 200,000.00 2.780% 199,382.00 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% 36,777.60 07/27/17 08/22/17 08/22/25 2,459,836.00 Itasca County Minn 465452GP9 A local 105,024.00 105,024.00 100,000.00 5.550% 101,792.00 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% 104,898.00 semi-annual 07/17/09 11/01/09 05/01/29 Fed Farm Credit Bank 31331 VLC8 AAA US 106,030.45 106,030.45 100,000.00 5.250% 118,419.00 semi-annual 02/26/10 none 04/21/28 325,109.00 33,843,096.45 2,223,676.40 local 199,382.00 state 36,777.60 US 6 - 10 Years 206,690.00 local 118,419.00 US IG+Years INVESTMENT SCHEDULE - Money Market Funds January 31, 2018 Description Current Market Value YTD Interest Wells Fargo I Wells Fargo Government Money Market Fund $1,593,436.031 $2,870.18 4M I 4M 1 1,005,489.351 891.52 4M PLUS I 4M Plus 6,940.751 6.71 Premier Bank 1 jPremier Bank Money Market 1 275,647.991 58.52 Grand Total Money Market Funds 1 $2,881,514.12 1 $3,826.93 Updated: 2/9/2018