HomeMy WebLinkAboutWK - October 22, 2019C I T Y O F
NDOVE _
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304
FAX (763) 755-8923 • WWW.ANDOVERMN.GOV
City Council Workshop
Tuesday, October 22, 2019
Conference Rooms A & B
1. Call to Order— 6:00 p.m.
2. Joint Meeting with Park & Recreation Commission
(763)755-5100
a. Discuss Updating of the Park Dedication Study
b. Discuss the 2020-2024 CIP for Parks
c. Discuss the 2020-2024 CIP for Playground Equipment Replacement for Parks
d. Discuss the 2020-2024 CIP for New Trail Segment Improvements
e. Discuss the 2020-2024 CIP for Trail Reconstruction Improvements in Parks
f. Discuss Mowing Areas within Natural Areas Versus Irrigated Areas
2040 Comprehensive Plan Update Discussion — Engineering/Planning/Administration
4. 2020-2024 Budget Development Update Discussion—Administration
Community Vision, Goals and Values Document Review—Administration
6. 2019 Budget Progress Reports —Administration
2019 City Investments Review - Administration
8.. Other Business
9. Adjournment
iNLNIDOVER01...
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 . (763) 755-5100
FAX (763) 755-8923 • WWW.ANDOVERMN.GOV
TO: Mayor and City Council
r
CC: Jim Dickinson, City Administrator'
David D. Berkowitz, Director of1i Works/City Engineer'
Park and Recreation Commission Mem ers
FROM: Todd J. Haas, Assistant Public Works Director
SUBJECT: 2a. Discuss Updating of the Park Dedication Study
DATE: October 22, 2019
INTRODUCTION
The City Council is requested to discuss updating the Park Dedication Study as requested by the
Park and Recreation Commission.
DISCUSSION
With the ever so changing costs for new and replacement items in the park system, the Park and
Recreation Commission is requesting the Park Dedication Study and Park Dedication Fee that
was approved by the City Council in January 16, 2018 be re-examined. Within the Park
Dedication Study is the Existing and Future Park Facilities Chart. This chart is now over 2 years
old and with the change in material and labor costs that have increased over the past couple
years, the Commission would like the City Council to direct staff to evaluate and update the
Existing and Future Park Facilities Chart. Once that has been updated and reviewed by the
Commission and City Council, the next step is to adjust the Park Dedication Fee relative to the
results of the study. Staff is working with Metropolitan Council on adjusting population
projections for 2040 which may impact the need for improvements and ultimately the fee.
ACTION REQUIRED
The City Council is requested to consider updating the Existing and Future Park Facilities Chart
and once that population projections are available from Metropolitan Council, staff is directed to
revise the Park Dedication Study to determine the new park dedication fee.
Respectfully submitted,
Todd J. Haas /
Attachments: Park and Recreation Meeting Minutes ✓
Regular Andover Park & Recreation Commission Meeting
Minutes —July 18, 2019
Page 7
DISCUSS NATIONAL FITNESS CAMPAIGN
The Park and Recreation Commission is requested to consider the National Fitness
Program Grant Opportunity that is available.
Jessica Smith of the National Fitness Campaign has contacted staff about City's interest
in making application for funding that is available regarding the program. Information
about the program was provided for Commission review. Mr. Haas referred the
Commission to a website and video that can be viewed.
https://nationalfitaesscgmpaiQn.com/watch.
As far as location, the City Hall Campus site is probably the best location since it is
surrounded by the schools, YMCA and community center. The other important item that
NFC is interested in is good access from the site from the existing trails which the City
has a lot of in the vicinity. Mr. Haas stated that this project has been brought up in the
past and 2019 is difficult due to construction.
The Park and Recreation Commission is requested to consider the. National Fitness
Program Grant Opportunity that is available.
At this point, the Commission was not interested so no action taken. Staff will report
back to the National Fitness Campaign that the City is not currently interested in
participating.
OUTSTANDINGITEMS/MAIIVTENANCE UPDATE
Mr. Haas reviewed Community Center Expansion, Purple Park is completed, Timber
Rivers is completed. On -Going Projects — Hills of Bunker Lake, West park — putting in
irrigation, Other Items of Interest, and the Weekly Parks Maintenance Update.
The next Park and Recreation Commission Meeting will be held in August 2019.
CIIAIR'S REPORT
Commissioner Miskowiec asked staff to update the future needs spreadsheet with more
accurate numbers to use for planning purposes. Mr. Miskowiec stated that actual costs
have been much higher, and the estimated costs should be adjusted to reflect current
numbers.
Chair Lindahl congratulated and thanked Commissioner Beck for his service to the City
of Andover and the Parks and Recreation Commission.
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 Administrato
David D. Berkowitz, City Engineer ctor of Public Works
Park and Recreation Commission Members
FROM: Todd J. Haas, Assistant Public Works Director/Parks Coordinator
SUBJECT: 2b. Discuss the 2020-2024 CIP for Parks - Engineering
DATE: October 22, 2019
INTRODUCTION
This is an update in regards to the 2020-2024 CIP for Parks.
DISCUSSION
Based on City Council review of the CIP, there was a change made to the recommendation of the Park
and Recreation Commission in the year 2024. Listed below are the projects that have been identified
by the City Council over the next 5 years:
2020
2021
Andover Station North East Ballfield Lighting -$180,000
Kelsey Round Lake Park Trail Expansion - $175,000
Annual Misc. Proiects - $15,000
Prairie Knoll Park Parking lot with curb - $170,000
Annual Misc. Projects - $15,000
2022
• No projects identified.
• Annual Misc. Projects - $15,000
2023
No projects identified.
Annual Misc. Proiects - $15,000
2024
Pint-, 14ills No
, - FthTaFkiHR 10t A4' e, - $120,000 (Note: The total eest fer paA4ng the parking
lot,; i -q e4imated- at $400,000. The r-emaining balanee needed to fund the imprevefnen4s i -s
Reserve). City Council removed this project from the 5 -year CIP.
• Annual Misc. Projects - $15,000
The Park Improvement Projected Fund Balance spreadsheet is attached for your review identifying
projects listed above.
Although the Park and Recreation Commission has recommended to leave Prairie Knoll Park parking
lot improvements in the CIP for 2021, Commission members stated that they feel by improving the
parking lot will not result in vehicles parking in the north lot and would prefer that the lot not be
paved. Staff has indicated to the Commission that now that the associations are required to have
parking lot attendants when they have games or are expecting a larger group of spectators, the north
parking would be used. The other issue that staff has mentioned to the Commission over the past
couple years is that the City is seeing a lot of damage in the north parking lot from vehicles performing
spinouts. The neighbors at the north end of the park have expressed concerned to staff about this also.
ACTION REQUIRED
This is for informational only and no action is required.
Respectfully submitted,
Todd J. Haas
Attachment Proposed 2020-2024 CIP Park Improvements; Park Commission meeting minutes of May
16, 2019 ✓
Projected Sources of Revenue
Park Dedication Fee - Residential Units
Park Dedication Fee - Residential ($3,415/unit)
less: Contribution to Comm Ctr Expan (50%)
Donation / Contribution - Kelsey Round Lake Park
Donation / Contribution - Lights at ASN
Capital Projects Levy - Park Improvements
Total Revenues Available
Projected commitments
Irrigation Project - Small
Kelsey Round Lake Park - Trail Expansion
Andover Station North east field lighting
Prairie Knoll Park - Pave north parking lot
Annual Miscellaneous Projects
Total Commitments
Revenues Over (Under) Expenditures
CITY OF ANDOVER
Park Improvement Fund
Projected Fund Balance
Estimate
2019
2020
2021
2022
2023
2024
TOTALS
40
40
25
25
25
$ 222,925
$ 136,600
$ 136,600
$ 85,375
$ 85,375
$ 85,375
$ 752,250
-
(111,463)
(68,300)
(68,300)
(42,688)
(42,688)
(333,439)
76,000
-
-
-
-
76,000
-
90,000
-
-
-
-
90,000
15,000
15,000
15,000
15,000
15,000
15,000
90,000
237,925
206,137
83,300
32,075
57,687
57,687
674,811
40,000 40,000
175,000 175,000
180,000 180,000
170,000 170,000
15,000 15,000 15,000 15,000 15,000 15,000 90,000
55,000 370,000 185,000 15,000 15,000 15,000 655,000
182,925 (163,863) (101,700) 17,075 42,687 42,687
Fund Balance as of December 31, 2018 158,707
Fund Balance Brought Forward 341,632 177,769 76,069 93,144 135,831
Ending Fund Balance*" $ 341,632 $ 177,769 $ 76,069 $ 93,144 $ 135,831 $ 178,518
"Target - $50,000 to create a contingency for any project overages.
Dedicated Funds Available for:
Rose Park - tower rental fee $ 22,553
Chesterton Commons Park - Donation 1,076
$ 23,629
Regular Andover Park & Recreation Commission Meeting
Minutes —May 16, 2019
Page 6
Commissioner Pena asked why Council is not helping with Prairie Knoll Park. Mr. Haas
stated part of Pine Hills North is designated park and the remainder is under City Council
control.
Commissioner Butler suggested the lighting of the field be added in the CIP for 2020 or
2021 depending on theprojections for new builds in the city.
Commissioner Perra asked why Council is interested in paving the Prairie Knoll Park
parking lot. Mr. Haas stated due to police calls regarding parking issues at the south end
and damage that has occurred in the north gravel parking lot is why there is interest in
paving it. Neighborshave complained about cars are parking on the grass in the south
parking lot. A parking lot attendant is required under the new application format when
the associations are expecting larger spectators than what is available for parking at the
south end of the park. Staff has already received calls this spring from residents about
lacrosse the past couple weekends. Staff has contacted the President of Andover Area
Lacrosse Association about the requirements to control the parking at the park.
Chair Lindahl stated he would need to see use numbers before deciding to pave the
parking lot. The north parking lot is not being used.
Mr. Haas stated he will bring back the revised projections for 2019, 2020 and 2021 for
housing units planned. At the June meeting the Commission will need to make their final
recommendation.
CONSIDER 2020-2024 TRAIL CAPITAL IMPROVEMENT PLAN
Mr. Haas stated the Park and Recreation Commission is requested to consider the 2020-
2024 Trail Capital Improvement Plan (CIP). The target date for the draft CIP is June 7th.
During a discussion at the last meeting on April 18, 2019 the Commission discussed
several potential trail improvements. The trail segments that were considered and
discussed are:
Segment 1 (identified previously by City Council and is currently identified in the CIP)
• Along Crosstown Blvd NW from Xeon Street NW to the Railroad Tracks
• Along Crosstown Blvd NW from Railroad Tracks to 157' Avenue NW
• Along Crosstown Blvd NW from 157' Avenue NW to 159"' Avenue NW (Millers
Woods development)
Segment 2 (recommended by staff to complete a couple missing gaps to allow residents
to have a safer crossing point where there is either an existing stop sign and/or crosswalk
identified)
• Along Station Parkway from Thrush Street NW to Partridge Circle NW
• Along Station Parkway from Partridge Circle NW to either Jay Street NW or
Hanson Blvd NW
AC
stir` •
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-8923 • WWW.ANDOVERMN.GOV
TO: Mayor and City Council
CC: Jim Dickinson, City Administrator
David D. Berkowitz, Director of Public Works/City Engineer
Park and Recreation Commission Members
FROM: Todd J. Haas, Assistant Public Works Director
SUBJECT: 2c. Discuss the 2020-2024 Park Playground Equipment Replacement Plan
DATE: October 22, 2019
INTRODUCTION
This is an update in regard to the 2020-2024 CIP for Parks that has been recommended by the
Park and Recreation Commission and Public Works staff.
DISCUSSION
Below are the proposed structures that are being recommended to be replaced as part of the CIP.
2020 Strootman Park and Hidden Creek North Park
❖ 2021 Sunshine Park and Hawkridge Park
2022 Prairie Knoll Park and Rose Park
2023 Wild Iris Park and Hills of Bunker Lake West Park
i• 2024 Hidden Creek East Park and Shady Knoll Park
One of the items that has been addressed in the past with the Park and Recreation Commission
and City Council is the replacement of playground equipment. Playground equipment
replacement is typically based on condition, safety requirement changes and age of the structure.
Staff recommendation to meet these standards is to replace equipment on a 15 -year cycle which
is also the industry standard life expectancy of a structure. To meet this replacement standard, 3
structures would need to be replaced each year based on the 42 playground structures that the
City currently has in place. At the current pace, there is budgeted funds to replace 2 structures
per year which will drastically fall behind a reasonable replacement schedule.
Parks Maintenance Department will continue to review the playground structures from year to
year so the list may be modified as the condition of the structures change.
BUDGETIMPACT
As identified in the 2020-2024 CIP, $100,000 is to be allocated each year for the next 5 years
which will cover 2 replacements. To get to 3 replacements per year, additional funding will be
necessary. Based on the previous budget of $50,000 per year, Public Works Parks Maintenance
Department was making every effort to replace 2 structures a year but with the rising cost of
equipment and supplies (concrete borders, wood chips, etc.) the number of playground
equipment rebuilds over the last few years was reduced to 1 per year.
The Park and Recreation Commission will continue evaluating the option of phasing out certain
playground structures in smaller parks located in the rural areas.
ACTION REQUIRED
No action is necessary as this item is updating purposes only.
Respectfully submitted,
Todd J. Haas
1
Attachments: 2020-2024 CIP Park Playground Equipment Replaceynent Plan; Spreadsheet of
when playgrounds were installed, replaced, refurbished or removed d
Capital Plan 2020 thru 2024 Department Park & Rec -Operations
City of Andover, MN Contact As5[.Pablic Works Director
Project# 20-45000-01
Project Name Replace/Repair Play Structures - Various Parks
Type
Improvement
Useful Life
15-20 Years
Category
Park Improvements
Priority
1 -High
Total Project Cost: $500,000
parks listed are in need of replacing the existing playground equipment and repairing the fall zones to achieve ADA
iosed playground equipment improvements/rebuilds are as follows:
Suootman Park and Hidden Creek North Park
Sunshine Park and Hawkridge Park
Prairie Knoll Park and Rose Park
Wild Iris Park and Hills of Bunker Lake West Park
Hidden Creek East Park. Oakview Park & Shadv K
Justification
DId equipment no longer meets ADA requirements, such as entrapments, fall zones and handicap accessibility. Working to bring the parks up to
neet all safety requirements.
Expenditures 2020 2021 2022 2023 2024 Total
Equipment 100,000 100,000 100,000 100,000 100,000 500,000
Total 100,000 100,000 1003000 100,000 100,000 500,000
Funding Sources 2020 2021 2022 2023 2024 Total
General Fund 100,000 100,000 100,000 100,000 100,000 500,000
Total 100,000 100,000 100,000 100,000 100,000 500,000
maintenance and will meet all safety requirements.
Play
Structures and Playgrounds
Installed
Park Name
Years Replaced, Refurbished or Removed
Notes
1
Andover Lions
1998
2017
2
Andover Station North
2008
2008: New Park
3
City Hall (Purple Park)**
1996
2001
2019-=
2019: New
4
Chesterton
2000
2017
5
Country Oaks
2005
2005: New Park
6
Creekview Crossing
1992
1993
2007
7
Forest Meadows
1987
Removed 2001
2016
8
Fox Meadows
1991
2006
9
Green Acres
1983
1998
2013
10
Hawkridge
1988
2003
11
Hickory Meadows
2012
2012: New Park
12
Hidden Creek East
1992
2002
2015 (Partial)
2015: New border & wood chips
13
Hidden Creek North
1988
1991,'95(Partial)
2000 (Partial) 2005 (Partial)
2020: Full Replacement
14
Hidden Creek South
1988
2006
15
Hills of Bunker Lake West
1988
2004
16
Langseth
1979
1999
2014
17
Maple View
2016
2016: New Park
18
Meadowood North
2009
19
Meadows of Round Lake
1995
1997
2008
20
Nordeen's
1997
2011
21
Northwoods East
1983
1998
2013
22
Oak Bluff
1991
1998
2008
23
Oak View
2006
2006: New Park
24
Pine Hills North
2015
2015: New Park
25
Pine Hills South
1979
2000
2018 (Refurb.)
2018: Refurbished
26
Pleasant Oaks
1984
1996
2012
27
Prairie Knoll
988
2005
28
Red Oaks West
993
2007
29
Rose
987
2004
30
Shadowbrook East [2002
2017
31
Shady Knoll
989
2005
32
Sophie's
010
2010: New Park
33
Strootman
1987
1 2002
2020: Full Replacement
34
Sunshine
2000
2009 (Partial)
2009: Swings, Digger, Spring Toys
2000: Kidtime unit installed
35
Terrace
1979
1993
2002 2018
36
Timber Rivers
1999
2000
2015
371
Timber Trails
1996
2011
38
Tot Lot 138th
1985
2003
2009 (Partial)
39
Woodland Crossing
2008
2008: New Park
40
Woodland Estates
2006
2006: New Park
41
Woodland Meadows
1995
2011 (Partial)
2011: New Border& Wood Chips
42
Wild Iris
1987
2003
= Complete Rebuild
REMOVALS
1
Crooked Lake Boat Landing
1982
Removed 1999
2
Creekridge
1990
Removed 2001
3
Northwoods West
1979
Removed 2004
C I 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
CC
FROM:
SUBJECT:
DATE:
Mayor and Council Members
Jim Dickinson, City Administrator
David D. Berkowitz, City Engineer/Director of Public Works
Park and Recreation Commission Members
Todd J. Haas, Assistant Public Works Director/Parks Coordinator
ad.
2d. Discuss the 2020-2024 CIP for New Trail Segment Improvements - Engineering
October 22, 2019
INTRODUCTION
This is an update in regards to the 2020-2024 CIP for New Trail Segments Improvements.
DISCUSSION
Listed below are the new trail segments projects that have been identified by the City Council over the next 5
years:
• 2020 - ASN Trail Connection and Kelsey Round Lake Park.
- Railroad Underpass Trail Evaluation (Winslow Cove 211 Addition).
• 2021 - No trails are proposed.
• 2022 - Crosstown Blvd NW from Xeon Street NW to 159t° Avenue NW
- Railroad Underpass Trail (subject to evaluation and approval by City Council).
• 2023 - Station Parkway from Thrush Street NW to Hanson Blvd NW
• 2024 - Verdin Street NW from 161'` Avenue NW to 163`a Lane NW
The ASN Trail Connection and Kelsey Round Lake Park trail improvement will be funded by a combination of
MNDNR grants, park dedication fees and/or from the trail funds (see attachment). The Crosstown Blvd NW,
Station Parkway NW and Verdin Street NW will be funded by Trail Funds. The City Council did not make any
revisions to the Park and Recreation Commission recommendations.
One potential trail segment that is also identified in the CIP includes a Railroad Underpass Trail near the
Winslow Cove development. An evaluation of the underpass will be done in the year 2020 to determine if this
construction of the underpass is feasible. If this underpass has been determined to be feasible, it has been
identified to be constructed in 2022. If development has not started by the year 2022 on the east side of railroad
tracks, the underpass would be delayed until development occurs.
There is one other potential trail segment worth mentioning that is not identified in the CIP is the extension of
the Coon Creek Trail from Prairie Road NW to Butternut Street NW (Shadowbrook North development). The
trail segment will be a good candidate for a MNDNR Grant once the properties have developed.
The Park Improvement Projected Fund Balance spreadsheet is attached for your review identifying projects
listed above.
ACTION REQUIRED
This is for informational only and no action is required.
Respectfully submitted,
Todd J. Haas /
Attachments: Propgsed 2020-2024 CIP New Trail Segment Improvements; Proposed 2020-2024 CIP Railroad
Underpass Trail ✓
Capital Plan 2020 thru 2024 Department Engineering
City of Andover, MIN Contact DPW / CityEngineer
Project n 20-41600-06
Project Name New Pedestrian Trail and Sidewalk Segments
Type Improvement
Useful Life 25 Years
Category Improvements
Priority 1 -High
Total Project Cost: $2,061,000
City of Andover has an extensive trail and sidewalk system for pedestrians and bikers. Future planned trail and side
links within the existing system. The following segments are proposed to be constructed as funds become available:
10' Bit. Andover Station North Trail Connection($230,000 total - Partial DNR Grant -$117,550)
8' Bit. Trail Kelsey Round Lake Park ($175,000 total - DNR Grant max $76,000)
8' Bit. Trail along Crosstown Blvd - Xeon Street to Rail Road Tracks ($168,000)
8' Bit. Trail along Crosstown Blvd - Rail Road Tracks to 157th Ave ($304,000)
8' Bit. Trail along Crosstown Blvd - 157th Ave to 159th Ave ($250,000)
8' Bit. Trail along Station Parkway - Thrush St to Partridge Cir. ($74,000)
8' Bit. Trail along Station Parkway - Patridge Cir. To Hanson Blvd ($185,000)
8' Bit. Trail and Boardwalk alone Verdin Street - 161st Ave to 163rd Lane ($675.000)
of the City's trail and sidewalk system provides more recreational and exercise opportunities along with an alternative mode of
.on. These segments provide key connections to other existing trail and sidewalk routes.
Expenditures 2020 2021 2022 2023 2024 Total
Improvement 405,000 722,000 259,000 675,000 2,061,000
Total 405,000 722,000 259,000 675,000 2,061,000
Funding Sources
2020 2021
2022 2023 2024 Total
Grant
193,550
193,550
Park Dedication Funds
99,000
99,000
Trail Funds
112,450
722,000 259,000 675,000 1,768,450
'total
405,000
722,000 259,000 675,000 2,061,000
Annual inspection and sweeping; and general maintenance including bituminous patching, crack filling and fog sealing to
of service to pedestrians.
Capital Plan 2020 thru 2024 Department Engineering
City of Andover, MN Contact DPW / CityEngineer
Project# 20-41600-07
Project Name Railroad Underpass Trail
Type
Improvement
Useful Life
20 Years
Category
Improvements
Priority
1 -High
Total Project Cost: $342,000
Construct a Railroad Underpass Trail to connect internal development trails from the Winslow Cove 2nd Addition development to the east
the railroad tracks. Land was acquired in 2019. Fifty percent design in 2020 ($12,000). Construction in 2022 ($330,000).
Justification
strian underpass under the railroad tracks will provide a safe trail crossing at the tracks. This is an important connection to tie the City trail
from the east to the west side of the tracks. Future trail segments could extend to Prairie Knoll Park.
Expenditures 2020 2021 2022 2023 2024 Total
Planning/Design 12,000 12,000
Improvement 330,000 330,000
Total 12,000 330,000 342,000
Funding Sources
2020 2021
2022 2023
2024 Total
Trail Funds
12,000
330,000
342,000
Total 12,000
330,000
342,000
maintenance
I
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 Administrit
David D. Berkowitz, City Engineer/Director of Public Works
Park and Recreation Commission Members
FROM: Todd J. Haas, Assistant Public Works Director/Parks Coordinator
SUBJECT: 2e. Discuss the 2020-2024 CIP for Trail Reconstruction Improvements in Parks -
Engineering
DATE: October 22, 2019
INTRODUCTION
This is an update in regards to the 2020-2024 CIP for Trail Reconstruction Improvements in Parks.
DISCUSSION
Listed below are the trail reconstruction improvements for parks that have been identified by the City
Council over the next 5 years:
• 2020 Hills of Bunker Lake West Park
• 2021 Kelsey Round Lake Park
• 2022 Tom Anderson Trail in Coon Creek Park
2023-2024 No other park trails have been identified for now. Potential projects will be
based on annual condition inspections.
The funding of these trail projects will come from a combination of Capital Equipment Reserve,
General Fund and/or Road & Bridge Funds (see attachment).
The Trail Reconstruction Improvement Projected Fund Balance spreadsheet is attached for your review
identifying projects listed above.
ACTION REQUIRED
This is for informational only and no action is required.
Respectfully submitted,
Todd J. Haas
Attachment: Proposed 2020-2024 CIP Trail Reconstruction Improvements✓
Capital Plan
City of Andover, MN
Project # 20-41600-03
Project Name Pedestrian/Park Trail Reconstruction
2020 thru 2024
Department
Engineering
Contact
DPW/City Engineer
Type
Improvement
Useful Life
25 Years
Category
Trail Construction
Priority
l -High
Total Project Cost: $1,460,000
the City's trail system ages and deteriorates, reconstruction of segments becomes necessary to maintain the high quality trail system that is so
aht after in Andover.
Hills of Bunker Lake West Park ($140,000: $70,000 carryforward from 2019)
Kelsey Round Lake Park ($320,000)
Tom Anderson Trail (Hanson Blvd to Bunker Lake Blvd) ($370,000)
2025 Projects based on annual condition inspections.
Justification
trail segments in the City are reaching 25+ years in age. There are segments that are in need of reconstruction to help maintain the level of
e expected in the trail system by residents.
Expenditures 2020 2021 2022 2023 2024 Total
Construction 70,000 320,000 370,000 220,000 230,000 1,210,000
Total 70,000 320,000 370,000 220,000 230,000 1,210,000
Funding Sources 2020 2021
2022 2023
2024
Total
Capital Equipment Reserve 70,000
70,000
General Fund 320,000
50,000
60,000
430,000
Road & Bridge Funds
370,000 170,000
170,000
710,000
Total 70,000 320,000
370,000 220,000
230,000
1,210,000
uction of trail segments in need will help reduce short and long term maintenance costs necessary to
the safety of the trail system.
CITY OF ANDOVER
Trail Fund
Projected Fund Balance
•Target -10% of current years commitments to create a contingency for any project overages.
"" It is anticipated that all projects will not be fully expended by the end of the year, and future projects will be contingent on additional revenues.
Estimate
2019
2020
2021
2022
2023
2024
TOTALS
Projected Sources of Revenue
Trail Fee $807 per unit
platted units
40
40
25
25
25
Trail Fee -$870
$ 112,711
$ 34,800
$ 34,800
$ 21,750
$ 21,750
$ 21,750
$ 247,561
Grant
-
117,550
-
-
-
-
117,550
Operating Transfer In
-
-
-
-
-
-
-
Total Revenues Available
112,711
152,350
34,800
21,750
21,750
21,750
365,111
Projected Commitments
Railroad Underpass Trail
115,794
123000
330,000
457,794
8' Boardwalk along Crosstown Blvd
426,800
426,800
10' Bituminous Trail Connection - Andover Station North
230,000
230,000
8' Bituminous Trail along Crosstown Blvd -
Xeon St to railroad tracks
168,000
168,000
Railroad tracks to 157th Ave
3043000
3043000
157th Ave to 159th Ave
250,000
250,000
8' Bituminous Trail along Station Parkway -
Thrush St to Partridge Cir
74,000
743000
Partridge Cir to Hanson Blvd
185,000
1853000
8' Bituminous Trail along Verdin St -
675,000
675,000
161st Ave to 163rd Lane
Total Commitments
542,594
242,000
-
1,052,000
259,000
675,000
$ 2,770,594
Revenues Over (Under) Expenditures
(429,883)
(89,650)
34,800
(1,030,250)
(237,250)
(653,250)
Fund Balance as of December 31, 2018
5093126
Fund Balance Brought Forward
793243
(10,407)
243393
(13005,857)
(13243,107)
Ending Fund Balance *
$ 79,243
$ (10,407)
$ 24,393
$ (1,005,857)
$ (1,243,107)
$ (1,8963357)
•Target -10% of current years commitments to create a contingency for any project overages.
"" It is anticipated that all projects will not be fully expended by the end of the year, and future projects will be contingent on additional revenues.
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
David D. Berkowitz, City Engineer/Director of Public Works
Park and Recreation Commission Members
FROM: Todd J. Haas, Assistant Public Works Director/Parks Coordinator
SUBJECT: 2f Discuss Mowing Areas within Natural Areas Versus Irrigated Areas -
Engineering
DATE: October 22, 2019
O
INTRODUCTION
The City Council is requested to discuss mowing of areas within natural areas versus irrigated areas.
DISCUSSION
This item is on the agenda for discussion based on City Council request related to not mowing the
Outlot adjacent to Terrace Park (see attached map of the area). This Outlot along with several areas
(parks included) around the City have not been mowed based on City Council discussion back in
January of 2009. City Council requested this to be discussed to understand why certain areas are
mowed and others are not.
Reducing mowing areas provides the following benefits:
• Saves time on mowing, watering, fertilizing and weed control.
• Creates more of a native and natural area.
• Encourages wildlife to be used by birds and animals.
• Creates a buffer for water surface runoff which helps slow down the runoff and other unwanted
pesticides from private property from entering into the municipal storm sewer system. Note:
This Outlot is considered part of the drainage system for a large portion of the Woodland
Terrace development.
• Promotes pollination. Bees are the most notable insect that performs the pollination.
The Park and Recreation Commission reviewed the mowing compared to leaving areas natural and
there was discussion to evaluate areas where we can reduce mowing to increase areas for natural
habitat.
ACTION REQUIRED
The City Council is requested to provide direction on mowing of natural or unmaintained areas and
discuss possible areas that could be converted to natural and less maintained areas.
Respectfully submitted,
Todd J. Haas
Attachment: Drawin of Woodland Terrace Outlot; Park and Recreation Commission meeting minutes
of October 3, 2019
AN .OVER Woodland Terrace Outlot
, ,
Date Created: October 09, 2019
Disclaimer: The provider makes no representation or warranties with respect to the reuse of this data.
Regular Andover Park & Recreation Commission Meeting
Minutes — October 3, 2019
Page 4
reduced if the concrete border is in good shape. Mr. Grode explained that there
are many different types of playgrounds available now, including a ropes
playground which is more contemporary. Mr. Grode stated the neighborhoods
have a great amount of input on what gets placed in their park. Mr. Haas brought
up the idea of an inclusive playground at a larger Andover Park. The
Commission expressed interest in an inclusive playground.
D. 2020-2024 New Trail Segment Improvements
Mr. Haas went through the New Trail Segment Improvements plan for the next 5
years.
Commissioner Perra asked about the new development at 161st and Crosstown
and if there was a trail planned for that area. Mr. Haas stated there is a plan for a
trail connection at Crosstown Woods.
E. 2020-2024 Trail Reconstruction Improvements
Mr. Haas went through the Trail Reconstruction Improvement plan.
F. Discuss Mowing Area within Natural Areas versus Irrigation
Mr. Grode stated the Council wants to revisit the areas the City reduced or
removed mowing. Mr. Grode stated the City has added irrigation in several parks
requiring more frequent mowing and staff is at capacity for mowing. Mr. Grode
stated if the City begins to mow new areas, staff will be stretched thinner.
Commissioner Miskowiec asked if staff was feeling pressure to mow. Mr. Grode
stated the City has received some complaints, for example, at Terrace Park.
Commissioner Miskowiec said that he is okay with natural areas in parks unless
there are number of complaints. Commissioner Butler agreed that the natural
areas are not a nuisance and don't look bad. Commissioner Butler stated support
to keep the mowing schedule as is.
Chair Lindahl recommended putting up a sign up that says natural habitat.
Mr. Grode indicated that staff is looking at other areas that are not used and
returning it to a natural state. Mr. Grode mentioned Timber River Park where
staff eliminated an area from the mowing schedule and seeded it with a
wildflower and pollinator mix.
Chair Lindahl stated that if the area looked purposeful and attractive, people will
think it's supposed to be there.
Regular Andover Park & Recreation Commission Meeting
Minutes — October 3, 2019
Page 5
Commissioner McElhose recommended adding educational signs.
The Commission came to a consensus to keep mowing as is or reduce it and
increase natural habitat.
Commissioner McElhose asked for more budget information as to what each area
of Parks costs. Mr. Haas stated he will send her budget information.
REVIEW OUTSTANDING ITEMS
Assistant Public Works Director Haas presented outstanding items with the Commission.
Andover Community Center Advisory Board - Commissioner Butler stated the
Community Center Advisory Board will meet on Monday, October 7.
Commissioner Butler updated the Commission on construction, parking, and
urged patience from facility users. Mr. Haas stated the parking area will be open
mid to end October.
2. Completed Projects — Mr. Haas informed the Commission that the Hills of
Bunker Lake Park West irrigation is complete and will be implemented in the
spring.
3. On-going Projects — none
4. On -hold Projects —none
5. Items of Interest -
Mr. Haas stated the hockey association has agreed to provide volunteers to keep
the warming houses open until 9 p.m. on Mondays, Tuesdays, and Thursdays.
Weekend hours will remain the same as 2019. Mr. Haas informed the
Commission that the trail improvements for Kelsey Round Lake, ASN, and Hills
of Bunker Lake West Parks will be bid and constructed as one package in 2020.
6. Parks Maintenance Update — Mr. Grode reviewed items listed in the staff
report, highlighting irrigation and wood chips.
Chair Lindahl asked if the irrigation systems have moisture meters. Mr. Grode
replied yes, but every now and then the systems fail and need to be fixed. Mr.
Grode stated the City plans on adding more sensors, both rain and flow sensors.
Mr. Grode stated staff can shut systems off remotely from a computer or phone
Motion by Butler, Seconded by Miskowiec, to adjourn the meeting at 7:56 p.m. Motion
carried on a 6 -ayes, 0 -nays, 1 -absent (Marinello) vote.
• F
LNDOVEA
1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100
FAX (763) 755-8923 • WWW.ANDOVERMN.GOV
TO: Honorable Mayor and Councilmem e
CC: Jim Dickinson, City Administrator
FROM: Joe Janish, Community Development Dir ctor
SUBJECT: 2040 Comprehensive Plan Update Discussion — Engineering/Planning/
Administration
DATE: October 22, 2019
DISCUSSION
Metropolitan Council has reviewed the 2018 Comprehensive Plan Update. The Metropolitan
Council has determined our submittal to be incomplete.
At this time city staff would like to discuss with the City Council a few concerns Met Council
raised that would allow to work on addressing the reasons for the incomplete submittal.
Staff will be present to discuss Met Council's concerns.
ACTION REQUESTED
The City Council is requested to discuss and provide comments to staff.
sp ctful bm' ed,
J Janis
Community Development Director
OV.
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
2020 Budget Development Update Discussion
August 27, 2019
INTRODUCTION
The Council has had a number of reviews of the 2020 Proposed Budget that will be supported by
the 2020 Tax Levy. The Council did adopt at the September 3rd regular Council meeting a
Preliminary 2020 Levy & Budget. The Preliminary 2020 Levy & Budget proposes a total
property tax levy of $14,479,586: $9,250,349 (63.89%) operational levy, $3,152,728 (21.77%)
debt service levy, and $2,076,509 (14.34%) capital/watershed levy.
The 2020 Proposed Property Tax Levy is estimated to increase the current City tax rate by
1.13% and when applied to the City's growing taxable market values will generate additional
tax revenue to preserve the City's operations, maintain infrastructure assets and provide for
City Campus construction projects. That rate applied to the City's growing tax base will
reflect a 10.50% 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, 2019.
City Administration/Finance along with the Department Heads continue to work on the 2020
Annual Operating Budget Development process and are looking to update the City Council on
progress and seek direction as the preparation of the 2020 Annual Operating Budget proceeds. In
addition.
City Administration will review with the Council the bold italics items at the meeting. Also,
Administration will review various spreadsheets with the Council using the Smart Board in the
conference room.
DISCUSSION
The following are the 2020 Budget Development guidelines adopted at the April 2"d City Council
meeting along with 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: Anoka County Assessor taxable market value figures for the City of Andover are
reflecting a 9.72% increase in total taxable market value.
2) A fiscal goal that works toward establishing the General Fund balance for working capital at
no less than 45% of planned 2020 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 2019
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% are appropriate and recommended by the City's
auditor. The 2019 budget development exceeded this guideline for cash flow, also Emergency
Fund Balances (approximately 3% of planned General Fund expenditures per finance policy)
are in place to stabilize a situation, not be a complete solution. Staff will review with Council
a 2019 General Fund Fund Balance Analysis at the meeting.
3) A commitment to limit the 2020 debt levy to no more than 25% of the gross tax levy and a
commitment to a detailed city debt analysis to take advantage of alternative financing
consistent with the City's adopted Debt Policy.
Note: The adopted 2019 debt levy was 16.14% of the gross tax levy, the 25% guideline for
2020 is currently being met at 21.77% while accommodating the additional long-term debt
for the 2018A GO CIP Bonds and the 2019A GO Tax Abatement Bonds that were sold by
the City.
Keep in mind that for the 2017 & 2018 budgets, $500,000 & $525,000 respectively of existing
debt levy through 2016 was temporarily moved to a Capital Levy to fund planned equipment
purchases (rather than issuing debt), that decreased 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 met and performed this analysis.
Recommendations on equipment needs were part of the 2020-2024 Capital Improvement
Plan (CIP) development process. The City Council did adopt the 2020-2024 CIP after a
public hearing at the October 151h City Council meeting.
5) The use of long-term financial models that identify anticipated trends in community growth
and financial resources that will help designate appropriate capital resources for future City
needs. The financial models will be used in the budget planning process to ensure that key
short-term fiscal targets are in line with long-term fiscal projections.
Note: The City continually maintains various financial models to determine the long-term
impacts ofpresent-day expenditures andfinancing decisions. Fiscal assumptions are based
upon a set of financial data including growth factors, tax capacity valuations, per capita
spending, fund balance reserve, and debt ratios.
6) Continued commitment to strategic planning targeted toward meeting immediate and long-
term operational, staffing, infrastructure and facility needs.
Note: The Council Community Vision and Organizational Goals and Values document is
in the process of being updated and will be complete and ultimately adopted before years
end. Administration will assure that direction provided in that updated document is
integrated into 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: Special attention has been given to fiscal values, commercial & residential
development/redevelopment, collaboration opportunities, service delivery, livability and
image of the community.
Staffing:
Administration received new full-time staffing requestsfrom the Engineering Department and
the Community Center for consideration in the 2020 budget. The Engineering Department
request is for a Geographic Information System (GIS) specialist position to focus on mapping
solutions. The Community Center request for an Assistant Manager to assist with facility and
recreational management as part of the current Community Center expansion project.
Administration is concurring with the Community Center staffing request, the timing of the hire
is dependent on the construction schedule and the funding for the position will be contained in
the Community Center Special Revenue Fund.
Administration has reviewed the Engineering Department request for a GIS specialist position.
While the request has merit, Administration is not recommending budgeting this full-time
staffing request at this time. This staffing concern will continue to be evaluated over the next
year and work to fill the staffing demands with cross -training of staff and/or possible
realignment of resources and after those efforts are exhausted Administration will then provide
a recommendation on this position request as part of the 2021 Budget development process.
There are also some anticipated retirements and staff vacancies within the next few years; in
response Administration/Human Resources will continue to focus on succession planning,
utilization of internship opportunities, continued cross -training of staff, and/or possible
realignment of resources.
Administration will discuss with the Council at the workshop some current staffing challenges.
Administration will be seeking Council direction on how to proceed with these staffing
challenges.
Personnel Related Implications:
To date the following are the other projected issues facing personnel related expenses:
Human Resources will review all position -based salaries and the associated benefit
package to determine if the total package is competitive with other government entities.
Based on the research in late 2019, only a few positions had salaries that were lagging the
market.
Pay steps for eligible employees are included in the 2020 budget proposal. A cost of living
adiustment (COLA) for non -bargaining employees will need formal Council approval,
a budget place holder is included in the 2020 budget proposal
The current Public Works Union contract expires December 31, 2019. Negotiations on
the next Public Works Union contract started on May I" and at the July 10 City Council
meeting a 2 -year contract was approved by the City Council. A 3% wage increase was
approved for 2020 and the Public Works personnel budgets have been updated
accordingly.
2. A midyear review of the employee health plan for the 2020 Budget was held with our
broker in August. Much like for the 2019 Budget development, our group again for the
2020 Budget development has had some high claims and our broker is predicting a
significant increase in the rates for 2020. Administration/Human Resources has worked
with the broker to market our group to other qualified insurance providers and also
developed some alternative health plan modifications that could be considered.
AdministrationlMuman Resources met with the broker on October 1711 to review the
results of the marketing of the current plan and pricing on some plan modifications.
Those results are still under review and a summary will be presented to the Council at
the workshop.
Much like the 2019 budget process, Human Resources is holding discussions with
members of the City's Employee Benefit Committee, discussing the current situation and
exploring plan modifications. Those discussions will be helpful as Administration and the
broker evaluate the results of the marketing process.
The City currently offers the employees the choice of two open access high deductible
plans, one with a $5,000 family plan deductible and $2,500 single plan deductible, the other
with a $7,000 family plan deductible and $3,500 single plan deductible (new offering for
2019). Also, as part of the employee benefit program, the City pays 100% of the lower
cost single health insurance premium and 76% of the lower cost family health insurance
premium.
The plans offered are accompanied with a health spending account (HSA), that was
originally implemented in 2006. The City does contribute annually to an employee's HSA
to assist with the high deductible out of pocket costs. That contribution is evaluated
annually as part of the marketing of the health insurance plans.
The 2020 budget proposal is currently carrying a place holder for a significant increase
in the rates.
Contractual Departments:
1. The City Attorney 2020 proposed contract reflects a 2% increase over the 2019 contract.
2. The Anoka county Sheriff presented the 2020 contract proposal at the June 25th City
Council workshop meeting That proposal was then approved by the Council at the
August 5th regular City Council meeting.
The 2020 City of Andover Law Enforcement expenditure budget is $3,245,518 which is
offset by a Police State Aid revenue budget of $135,200 and School Liaison revenue budget
of $99,350 reflecting a net tax levy impact of $3,010,968.
The 2020 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.
Per contract, the Sheriff always provides the required number of deputies for all hours
contracted by the City. If the Sheriffs Office has a deputy vacancy or a deputy is injured
etc., they still provide the City with a deputy at straight time even though they may have to
fill those hours with overtime which at times may cost the Sheriff s Department additional
but is not billable per the contract.
Council Memberships and Donations/Contributions:
The following memberships/contributions are currently included in the proposed 2020 Budget:
■ North Metro Mayors Association
$15,150
(GF)
■ Metro Cities
$ 9,542
(GF)
• Mediation Services
$ 3,366
(GF)
• YMCA — Water Safety Program
$ 9,000
(GF)
■ Alexandra House
$20,928
($15,328 GF & $5,600 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
$ 1,000
(CG)
• Hope for Youth
$ 1,000
(CG)
Some are funded via the General Fund (GF), and those that qualify for charitable gambling
funding are done through the Charitable Gambling (CG) Special Revenue Fund.
Capital Projects Levy:
Capital Projects Levy — The 2019 Capital Projects Levy Budget specifically designates $2,001,788
of the general tax levy to capital projects and equipment needs relating to Capital Project Outlay
($275,000), Road and Bridge ($1,254,788), Pedestrian Trail Maintenance ($102,000), Park
Projects ($15,000) and Facility Maintenance Reserve ($355,000). 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, Parks Projects and Facility Maintenance levies
increased/decreased according to the City Council budget guidelines.
• Road and Bridge
An adjustment was made to the Road & Bridge funding formula in 2014, primarily to stop
the continual decrease in the levy that has been happening over the past few years due to
decreases in the Anoka County Assessor taxable market value figures for the City of
Andover. Based on Council discussion, consensus was to stop the decline in road funding
and evaluate annually through the adopted City Council Budget Development Guidelines.
It should be noted that in 2014, Local Government Aid (LGA) in the amount of $74,655
was used to help fund the Road & Bridge Fund. That State of Minnesota funding has largely
gone away, down to $0.00 in 2017 and 2018. Future increases in LGA or even the presence
of LGA for the City of Andover based on the current State formula are remote.
The 2018 City ofAndover Road & Bridge levy was $1,169,014. That was a 4.74% increase
over 2017. The 2019 budget contained a 7.34% increase ($85,774) to $1, 254, 788 for the
2019 budget.
The 2020 proposed levy for Road & Bridge reflects a 2.6% increase over 2019 to
$1,287,469. In addition, staff has evaluated existing streets and as part of the 2020-2024
CIP has identified an aggressive milUoverlay program over the next five years.
• Pedestrian Trail Maintenance
The 2018 City ofAndover Pedestrian Trail Maintenance levy was increased significantly
from $63,075 in 2017 to $100, 000 for 2018, a 58.54% increase in funding. The 2019
budget included a 2% increase ($2, 000) to $102, 000.
The 2020 proposed levy for Pedestrian Trail Maintenance reflects a 2% increase over 2019
to $104,040.
• 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 $I5, 000 was levied for 2016 $46,500 of the 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 levy
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 was increased to $100, 000 and continued at that level for
2019; the Parks Project levy continues to remain at $15, 000.
Administration/Finance has evaluated these levy items throughout the CIP process. The
proposed Park Improvement levy refects a $10, 000 increase to $120, 000 for 2020.
• Equipment/Projects
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 2018 levy was $275,000, the 2019
budget was also set at $275, 000.
The proposed Capital Projects Levy for Equipment/Projects refects no change and
remains at $275, 000 for 2020.
• Capital Equipment/Proiects
This was a reassigned levy in 2017 to provide 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 continued through 2018 but increased the levy by $25, 000 to $525, 000.
In 2019, this levy is turned back to debt service levy for the City Campus Master Plan
implementation.
This Capital Equipment/Project levy is eliminated for 2020; equipment purchases for 2020
will be through the debt service levy and an equipment bond.
• Facility Maintenance
This was anew $50,000 levy proposed for 2018. A facility condition assessment study
identified many maintenance repairs for City facilities such as roof repairs, HVAC,
electrical panels, fire alarm systems, windows and air quality related items. This levy was
increased to $355,000 for the 2019 budget to help address significant deferred
maintenance items that have been identified for buildings (Public Works & Community
Center) and are being integrated into expansion projects within the City Campus Master
Plan. Going forward, this levy could stay as a straight Capital Improvement Levy or could
be converted to a Debt Service Levy based on market conditions at the time of the project.
AdministrationlFinance has evaluated this levy throughout the 2020-2024 CIP process,
no adjustment is recommended for the 2020 proposed Facility Maintenance Levy and
will remain at $355.000.
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. (Staffalong with Ehlers & Associates have completed reviews to see
if any refinancing opportunities are available at this time, 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 2020 Debt Service levy is as follows:
• 2010A G.O. Open Space Referendum
• 2012C Taxable G.O. Abatement Bonds
• 2016A G.O. Equipment Certificates
• 2018A Capital Improvement Plan Bonds
• 2019A G.O. Abatement Bonds
• 2020A G.O. Equipment Certificates
Total
$ 184,199 (The last year is 2021)
$ 976,780 (The last year is 203 1)
$ 143,373 (The last year is 2020)
$ 433,603 (The last year is 2043)
$1,064,773 (The last year is 2039)
$ 350,000 (4 -year issuance)
$3,152,728
Staff will review with the Council at the meeting but note that in 2019 there was the
reassignment of the $525,000 Capital Projects Levy back to Debt Service Levy for the City
Campus Master Plan implementation.
For the 2020 Debt Service Levy, Administration did recommend replacing the expiring 2014A
G.O. Equipment Certificates Bond with a 2020 G.O. Equipment Certificates Bond, also the 2020
Debt Service Levy will contain a 2019 G OAbatement Bond debt service levy for the Community
Center Expansion Project.
ACTION REQUESTED
The Council is requested to receive a presentation and provide direction to staff.
lly submitted,
R^ C I T Y V•
O F
-9
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
FROM: Jim Dickinson, City Administrator
SUBJECT: Community Vision, Goals and Values Document Review
DATE: October 22, 2019
INTRODUCTION
During the 2019 Budget Development process, the Council did anticipate that strategic planning
would include updating the City of Andover City Council Community Vision and Organizational
Goals and Values document as part of the 2020 budget development process. This document was
last updated the Spring of 2017.
DISCUSSION
Pursuant to Council direction at the March 26, 2019 City Council workshop meeting,
Administration solicited each member of the Councils suggested updates to the current City of
Andover City Council Community Vision and Organizational Goals and Values. The initial
review of the suggested updates was done at the June 25, 2019 City Council Workshop and based
on Council review comments Administration presented an updated document to the Council for
review on September 24, 2019. Where there was Council consensus to remove and/or update
items at the September review, that has been done and is reflected in the attached document.
ACTION REQUESTED
The City Council is requested to review the attached document and determine if Administration
should place on the November 6" Council meeting for approval.
,d,
City of Andover
COMMUNITY VISION & ORGANIZATION VALUES AND GOALS
The City of Andover's Community Slogan:
"Welcome Home"
The City of Andover's Vision Statement:
"Andover, a safe, growing community in which to live and work which enhances the
quality of its citizens' lives through recreational opportunity, quiet neighborhoods, civic
involvement, and fiscal and environmental stewardship."
City of Andover's Long -Term Organizational Values:
1. EXCELLENCE AND QUALITY IN THE DELIVERY OF SERVICES
The City of Andover exists to provide quality services to the public in a professional
and cost-effective manner.
2. FISCAL RESPONSIBILITY
The City of Andover believes that fiscal responsibility and prudent stewardship of
public funds is essential if citizens are to have confidence in government.
3. ETHICS AND INTEGRITY
The City of Andover believes that ethics and integrity are the foundation blocks of
public trust and confidence and that all relationships are built on these values.
4. TREATING THE CITIZEN AS OUR CUSTOMER
The City of Andover believes that the citizen is our customer and, as such, should
be treated with courtesy, respect, and integrity.
5. OPEN AND HONEST COMMUNICATION
The City of Andover believes that open and honest communication with each other
and the public we serve is the key to having an effective organization and informed
citizens.
City of Andover's Highest Priority External Values:
Goal #1 To ensure city services keep pace with the city's growing and
changing population.
Goal #2 To enhance communication with the public.
Goal #3 To support processes that involve citizen engagement.
Goal #4 To develop and update the city's capital improvement program.
Goal #5 To broaden and preserve the city's tax base.
Goal #6 To balance and prioritize provision of city services with available
resources.
Goal #7 To respect the environment.
City of Andover's Short -Term (one to five years) Organizational Goals -
(with work plan):
1. FISCAL GOALS - the City recognizes the following fiscal values as the basis for
delivering current and future services to the residents of Andover.
A. Assure city financial stability through cost effective services.
B. Focus spending on community needs; wants need to be supported by new
or redirected sustainable revenues.
C. Explore new revenue streams and capture new growth for community
needs.
D. City investments need to be securely invested and focus on long term
sustainability.
E. While still providing excellent services to all Andover residents, look for and
identify opportunities to reduce tax burdens whenever possible.
F. Maintain property values and keep property taxes affordable through good
fiscal management.
G. Prioritize projects to best serve community priorities when resources are
inadequate to address/meet all community demands.
H. Plan for large projects (master planning) to maintain consistent revenues
and expenses to avoid property tax spikes.
I. All new infrastructure should consider future operations and maintenance
in addition to initial cost.
2. COMMERCIAL/RESIDENTIAL DEVELOPMENT/REDEVELOPMENT GOALS -
the City wants to be supportive of those invested in or wanting to invest in the
community.
A. Facilitate upgrades or redevelopment of blighted or underdeveloped parcels
to improve livability, community character and tax base.
B. Work with business owners and property owners to assist them in being
successful in the community.
C. Continually analyze existing commercial areas to determine if expansion is
feasible and seek out new areas to better serve the community, including
the consideration of an interim use zone for older industrial zones.
D. Continually evaluate how to meet sewer/water and street needs of any
proposed development and redevelopment projects.
E. Review City development processes to help reduce unnecessary steps,
time delays and development costs.
F. Review development requirements to minimize impacts from overly
burdensome requirements.
G. Be aware of negative environmental impacts to the community including to
proposed developments and attempt to mitigate where economically
feasible and practical.
H. Evaluate city code, housing programs and housing types to determine
useful programs and code updates that the City could adopt that have a
positive impact on community market value, meet housing demands and
preserve neighborhoods.
I. Evaluate whether the City is adequately providing locations, through zoning,
for expanded commercial areas and "starter homes".
J. Secure approval and implement the 2018 Comprehensive Plan update,
soliciting input from large property owners on land set aside land for future
development.
K. Support 2020 Census efforts to count every person to ensure our
population is not underestimated.
L. Respond to regional and state initiatives that impact the City or residents
through organizational memberships.
M. Review ordinances to support preservation of the environmental through
tree preservation, the use of solar energy and various housing types.
3. COLLABORATION GOALS - the City is supportive of collaboration efforts that are
cost-effective and improve efficiency in delivering services.
A. Cautiously review any new mandate to determine whether action is
required.
B. Foster positive relationships with school districts, Anoka County, nearby
cities and local sports associations.
C. Advocate for safe, efficient commuting routes for our residents and business
owners.
D. Support an effective and comprehensive transportation system.
E. Support upgrade of transportation routes to the Twin Cities Metro for
commuters.
F. Work with waste/garbage haulers to achieve same day pick up without
restricting the citizen's freedom to choose from all available companies, in
addition seek ways to streamline recycling pick up within the community.
G. Evaluate how volunteers can help our community become a safer, more
welcoming and attractive place to live.
H. Continue to work with the railroad company that manages the tracks
through Andover to reduce the interference trains have on traffic blockages
and public safety.
I. Continue collaboration with the YMCA on providing recreational services
and be open to new ventures that utilize the community center for public
benefit.
J. Explore safe crossing solutions for pedestrians near active pedestrian
crossing intersections through appropriate improvements and community
education.
4. SERVICE DELIVERY GOALS - the City is committed to providing efficient and
cost-effective city services.
A. Evaluate parks maintenance to ensure the city is preserving park assets
and not committing to unsustainable service delivery.
B. Continue fostering positive relationships with athletic, youth, and other
service organizations to obtain their input and seek their contributions with
time and funds towards better service to the community and facility
improvements.
C. Alter packet format to improve viewing function on tablets and reduce
redundancy found in format.
D. Keep current with advances in technology where appropriate.
E. Commit to providing the public with effective Public Safety through Fire and
Law Enforcement service.
F. Continually review processes to reduce unnecessary or unwanted service
deliveries.
G. Encourage quality building standards.
H. Complete Public Works Maintenance Facility and Cold Storage buildings
on the city campus, and related parkway road from Nightingale Street to
Tower Drive.
I. Continue conversations regarding Community Center expansion with
partners about their needs and finances. Establish appropriate facility
access and users' fees and providing a process and opportunity for public
input.
J. Review Community Center Advisory Commission structure to provide
representation of all user groups.
K. Continually evaluate whether we are following the Park Dedication Study
when spending park dedication funds and update the study when significant
changes are made.
L. Continue to maintain Kelsey Round Lake Park as a signature nature park
along with attention toward providing interpretive elements within the park.
M. Preserve current trails and complete trails where we have missing
connections or need to improve pedestrian safety.
N. Develop an effective Emergency Preparedness Plan to come to the aid of
those in Andover when effected by community disasters.
O. Review sustainability of city road/street assessment policy.
P. Review rural lot development standards to support more sustainable future
street maintenance.
5. LIVABILITY/IMAGE GOALS - the City recognizes that providing quality basic &
desired services enhances the quality of life of our residents.
A. Continue to support preservation of natural resources (land, water and air
quality).
B. Pursue management plan for Open Space properties that minimizes staff
involvement and emphasizes users create their own experience and
support volunteer efforts to provide additional programming and activities.
C. Improve community aesthetics by enhancing corridor to city campus with
sustainable landscape plantings, seeking volunteer assistance.
D. When the County upgrades roads evaluate ways to improve and coordinate
a cohesive, attractive appearance along county corridors when the County
upgrades roads.
E. Explore new methods of collecting public feedback.
F. Continually review newsletter content.
G. Plan and provide quality city services to residents and adapting to changing
demographics.
H. Look at ways information from resident survey can be incorporated into
goals, plans and policies.
I. Find ways to utilize volunteers and engage residents.
J. Evaluate whether current policies and codes inhibit families from
preserving, improving and upgrading the value of homes.
K. Support improvements to the website that provide residents with
information that is user-friendly so they can be informed about recreation
and other opportunities.
L. Coordinate a facilitated discussion with Council and Senior Staff to review
City policies related to best practices in governance, transparency and
conflict resolution.
M. Provide city updates on website under "News" section.
A C I T Y •
NLD6 06
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:: September 2019 General Fund Budget Progress Report
DATE: October 22, 2019
INTRODUCTION
The City of Andover 2019 General Fund Budget contains total revenues of $11,378,046 and total
expenditures of $11,740,993; 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 2019,
reflecting year to date actual through September 2019. The attachments are provided to assist
discussion reviewing 2019 progress, other documents may be distributed at the meeting.
The following represents Administration's directives and departmental expectations for 2019:
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 brief presentation from staff.
submitted,
Jim
CIT\OF ANDOVER
General Fund Budget Summary Totals
Budget Year 2019
2018 2019
REVENUES Budget Sep YTD % Bud Fina] Budget Sep YTD % Bud
General Property Tax
$ 8,721,256
S 4,671,673
54%
$ 8,634,130
$ 9,023,970
S 4,724,058
52%
Licenses and Permits
377.900
417.677_
III%
�.�...�...�.
uw8q.900 _
_ _ _601.93D
O
156%
Intergovernmental
766,274
447,303
58%w
829,860
787,918
472,289
60%
Chmg_es for Services
746,700
656,937
88%
888.947
708700
_ 976543
68%
Fines
90,250
50,397
56%
73,719
75,250
44,118
59%
Investment Income
75,000
12,138
16%
107,560
75,000
22,734
30%
Miscellaneous
129,300
137,831
107%
176,662
134,300
130,436
97%
Transfers In
178,558
178,558
100%
178,558
188,008
188,008
100%
Total Revenues
S 11 085238
S 6,572,514
59%
S 11,451,961
S 11 78,046
S 7,059,216
62%
2018 1 2019
EXPENDITURES Budget Sep YTD %Bud Final Budget Sep YTO %Bud
GENERAL GOVERNMENT
278,660
206,983
74%
272,851
290,752
218,018
75%
Mayor and Council $
91,299
S 70,156
77% S
87,813
$ 107,751
S 79,975
74%
Administration
203,833
141,515
69%
198,945
215,952
149,670
69%
Newslener
26,000
14,261
55%
17,770
26,800
18,344
68%
Human Resources
28,431
14,174
50%
13,666
28,771
16,267
57%
Attorney
191,360
125,330
65%
188,031
197,041
127,938
65%
City Clerk
155,608
109,706
71%
149,770
163,651
116,221
71%
Elections
59,781
30,716
51%
50,629
65.640
16325
25%
Finance
278,660
206,983
74%
272,851
290,752
218,018
75%
Assessing
154,000
146,403
95%
149,040
154,000
149,033
97%
Information Services
180,597
130,123
72%
171,637
187,743
126,015
67%
Planning & Zoning
438,827
304,341
69%
422,984
456,887
298,620
65%
Engineering
553,765
387,102
70%
527,688
575,968
413,951
72%
Facility Management
678,519
343,284
51%
497,641
695,944
385,284
55%
Total General Gov
3,040,679
2,024,094
67%
2,748,465
3166,900
2,115,661
67%
PUBLICSA£ETY
Police Protection
3,053,526
2,290,145
75%
3,053,526
3,183,610
2,387,707
75%
Fire Protection
1,423,914
909,894
64%
1,445,167
1,471,101
834,169
57%
Protective Inspection
462,164
316,625
69%
436,789
479,543
342,513
71%
Civil Defense
32,502
13,999
43%
18,060
29,184
15,840
54%
Animal Control
5,950
1,579
27%
2,809
5,950
3,413
57%
Total Public Safe
4978056
3,S32,242
71%
4956 51
5,169,388
3,583,642
69%
PUBLIC WORKS
Streets and Highways
659,943
481,102
73%
656,194
696,225
447,064
64%
Snow and Ice Removal
562,706
457,143
81%
599,028
586,375
499,814
85%
Street Signs
219,418
149,515
68%
206,890
227,527
130,951
58%
Traffic Signals
37,000
17,363
47%
33,857
39,500
15,956
40%
Street Lighting
40,400
21,908
54%
32,829
40,400
21,765
54%
Street Lights - Billed
220,500
93,794
43%
142,937
180,500
94,271
52%
Park & Recreation
1,318,395
957,084
73%
1,282,415
1,352,017
866,985
64%
Natural Resource Preservation
15,074
4,199
28%
5,158
18,107
11,671
64%
Recycling
157,216
135,956
86%
199,182
168,626
165,051
98%
Total Public Warks
3,230,651
2,318,064
72%
3,158,490
3,309,277
2253,528
68%
OTHER
Miscellaneous
261,828
233,415
89%
233,440
56,828
5,576
10%
Youth Services
38,600
8,500
22%
8,500
38,600
8,500
22%
Total Other
300,428
241,915
81%
241,940
95,428
14,076
15%
Total Expenditures S
11,549,815
S 8,116,315
70%
$ 11,105,246
S 11,740,993
$ 7,966,907
68%
NETINCREASE(DECREASE) S
(464,577)
S (1,543,801)
S 346,715
S (362,947)
S (907,691)
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
September 2019 City Investment Reports
October 22, 2019
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 September 2019, the September 2019
Investment Detail Report, and the September 2019 Money Market Funds Report. These
attachments are intended to provide a status report on the September 2019 investments.
ACTION REQUESTED
for Council review. Staff will provide a brief presentation and answer questions.
submitted,
I
Investment Maturities - September 2019
Deposits
Total cash and investments
Credit
Investment Type
Rating
Fair
Less Than
Money market funds
N/A
MN Municipal Money
Value
Market Fund (4M)
N/A
Certificates of deposit
FDIC
Local governments
A/Al/A2
$
AA/AAI/AA2/AA3
$
AAA
State governments
A/Al/A2
-
AA/AAI/AA2/AA3
13,706,942
AAA
U.S. agencies
AAA
Total investments
226,392
Deposits
Total cash and investments
Investment Maturities (in Years)
Fair
Less Than
More Than
Value
1
1 -5
6- 10
10
$ 1,186,309
$ 1,186,309
$
$
$
25,343,661
25,343,661
-
-
13,706,942
10,485,781
2,974,201
246,960
226,392
165,018
61,374
-
4,398,017
1,307,329
1,898,760
1,191,928
-
5,116,413
2,246,697
1,457,039
1,059,380
353,297
205,174
-
205,174
-
-
647,767
471,875
175,892
706,306
45,514
660,792
-
12,337,066
4,221,607
7,045,130
1,070,329
-
$ 63,874,047
$ 45,473,792
$ 14,478,361
$ 3,568,598
$ 353,297
1,799,265
$ 65,673,313
September 2019 Investment Detail
Description
Cusip
Number
Credit
Rafing/F
DIC #
Type
Purchase Price
Carrying Cost
Maturity
Amount
Interest
Rate
Current Market
Value
Interest Paid
Date
Acquired
Coupon
Date
Maturity)
Due Date
BMO Hams Bk Nag Assoc
05681WA70
16571
CD
245,000.00
245,000.00
245,000.00
2.450%
245,004.90
semi-annual
08/31/18
09/01/18
10/01/19
CommerceWest Bank N/A _
20084TKXO
57176
CD
245,000.00
245,000.00
245,000.00
2.300%
245,063.70
semi-annual
04/25/18
10/25/18
10/25/19
Umpqua Bk Roseburg Ore
90421MBZ5
17266
CD
245,000.00
245,000.00
245,000.00
2.350%
245,083.30
semi-annual
04/27/18
10/27118
10/28/19
Third Federal Sav & Loan _
88413QAW8
30012
CD
128,000.00
128,000.00
128,000.00
2.000%
128,033.28
semi-annual
11/24/14
05/24/15
11/25/19
1 Year CD - Premier Bank
1091003210
21714
CD
245,000.00
245,000.00
245,000.00
2.500%
245,000.00
maturity
12/16/18
none
12/16119
1 Year CD- Premier Bank Rochester
2055214401
33202
CD
245,000.00
245,000.00
245,000.00
2.500%
245,000.00
maturity
12/16/18
none
12/16119
I Year CD- Premier Bank MN
3041574901
33204
CD
245,000.00
245,000.00
1 245,000.00
2.500%
245,000.00
maturity
12/16118
none
12/16119
1 Year CD - Premier Bank
1091003211
CD
275,000.00
275,000.00
275,000.00
2.500%
275,000.00
maturity
12/17/18
none
12/17119
Celtic Bank
15118RJMO
57056
CD
247,000.00
247,000.00
247,000.00
2.050%
247,182.78
semi-annual
12/20113
06120/14
12/20119
Customers Bank
23204HHJO
34444
CD
245,000.00
245,000.00
245,000.00
1.950%
245,026.95
maturity
09/20119
none
12/20119
Steams Bank NA
857894PB9
10988
CD
247,000.00
247,000.00
247,000.00
1.000%
247,116.09
semi-annual
12/26114
06126/15
12/26/19
Compass Bk
20451PVJ2
19048
CD
245,000.00
245,000.00
245,000.00
2.650%
245,546.35
semi-annual
10/11/18
04111/19
01/13/20
Bank India NY
06279KYP5
33648
CD
245,000.00
245,000.00
245,000.00
1.900%
245,01225
maturity
09119119
none
01/15/20
Bank of China
06428FKUO
33653
CD
245,000.00
245,000.00
245,000.00
2.000%
245,083.30
maturity
07117/19
none
01/17/20
BankUnited A Savings
066519KA6
58979
CD
245,000.00
245,000.00
245,000.00
2.000%
245,083.30
maturity
07/17/19
none
01/17/20
PNC Bank NA
69355NAH8
6384
CD
245,000.00
245,000.00
245,000.00
2.000%
245,083.30
maturity
07/17/19
none
01/17/20
Kearny Bank
48714LAS8
28765
CD
245,000.00
245,000.00
245,000.00
2.7500/.
245,663.95
semi-annual
12/21/18
06/21/19
01/21/20
Exchange Bank
301074DA5
1435
CD
245,000.00
245,000.00
245,000.00
2.350%
245,367.50
maturity
04126/19
none
01/27/20
New York Community Bank
649447SM2
16022
CD
245,000.00
245,000.00
245,000.00
2.400%1
245,463.05
maturity
05/10/19
none
02/10120
Satre National Bk
78658Q6T5
26876
CD
245,000.00
245,000.00
245,000.00
2.000%
245,124.95
maturity
07/18/19
none
02/18/20
Fifth Third Bank
316777WS6
6672
CD
245,000.00
245,000.00
245,000.00
245,000.00
245,000.00
245,000.00
245,000.00
2.500%
245,698.25
maturity
maturity
03/13/19
03/13/19
03/13/19
09/18/19
none
none
03/13/20
Mizuho Bank USA
60688MYG3
21843
CD
245,000.00
245,000.00
2.500%
245,698.25
03/13/20
US Bank NA
90333VL32
6548
CD
245,000.00
245,000.00
2.450%
245,641.90
maturity
none
03/13/20
Citizens Bank NA
755241<101-5
57957
CD
245,000.00
245,000.00
245,000.00
1.850%
245,004.90
maturity
semi-annual
none
03/18/20
Jefferson Bk&Tr Co
472376AD4
1071
CD
245,000.00
2.450%
245,801.15
04/11/18
10/11/18
04/10/20
CitiBank NA
17312QJ34
7213
CD
245,000.00
245,000.00
245,000.00
2.550%
245,933.45
semi-annual
04/11/18
10/11/18
04/13/20
Discover Bk Greenwood Del
254673NR3
5649
CD
245,000.00
245,000.00
245,000.00
2.500%
245,867.30
semi-annual
04/11/18
10/11/18
04/13120
Iberia Bank
45083AJL7
28100
CD
245,000.00
245,000.00
245,000.00
2.600%
246,014.30
semi-annual
07/12/18
01/11119
04/13120
Community West Bank
20415QGU7
27572
CD
245,000.00
245,000.00
245,000.00
1.950%
245,147.00
maturity
07/15/19
none
04/15/20
Chemical Bk Midland Mich
163681ES4
1003
CD
245,000.00
245,000.00
245,000.00
2.300%
245,610.05
maturity
05/17/19
none
04/17120
Bankwell Bank
06654BBA8
57368
CD
245,000.00
245,000.00
245,000.00
2.350%
245,722.75
maturity
04/30/19
none
04/29/20
Israel Discount Bank
465076QF7
19977
CD
245,000.00
245,000.00
245,000.00
2.400%
245,833.00
maturity
05/10119
none
05/08/20
Independence Bk
45340KEX3
8136
CD
245,000.00
245,000.00
245,000.00
1.950%
245,210.70
maturity
07/29/19
none
05129/20
Bank of America, NA
06051VD37
3510
CD
245,000.00
245,000.00
245,000.00
2.850%
245,771.35
semi-annual
12/12118
06/12/19
06112/20
Citizens Alliance Bank
17318LAP9
1402
CD
249,000.00
249,000.00
249,000.00
2.000%
249,821.70
monthly
06/27114
07/27/14
06/26/20
Morgan Stanley Bank NA
61747M302
32992
CD
245,000.00
245,000.00
245,000.00
2.750%
246,815.45
semi-annual
07112118
01/12/19
07/13/20
Morgan Stanley Private Bank
61760AMT3
34221
CO
245,000.00
245,000.00
245,000.00
2.750%
246,827.70
semi-annual
07/12/18
07/14/18
07/13/20
Customers Bank
23204HHD3
34444
CD
245,000.00
245,000.00
245,000.00
1.950%.
245,276.85
maturity
07/19119
none
07/17/20
MUFG Union Bank NA
624786CY3
22826
CD
245,000.00
245,000.00
245,000.00
2.600%
246,548.40
semi-annual
07/17118
01/17/19
07/17/20
Enerbank USA
29266NA31
57293
CD
249,000.00
249,000.00
249,000.00
2.100%
249,595.11
monthly
07/18/14
08118/14
07/20/20
NBT Bank Norwich
628779FT2
7230
CD
245,000.00
245,000.00
245,000.00
2.700%
246,761.55
semi-annual
07/18/18
01/18/19
07/20/20
First Republic Bank
33616CBL3
59017
CD
245,000.00
245,000.00
245,000.00
2.800%
247,231.95
semi-annual
08/31/18
09/01/18
08/28/20
Merchants State Bank
589227AF4
1125
CD
245,000.00
245,000.00
245,000.00
2.650%1
247,009.00
semi-annual
08/31/18
02/28/19
08/28/20
10,485,781.01 CD
• Description
Cusip
Number
Credit
RatinglF
DIC #
Type
Purchase Price
Carrying Cost
Maturity
Amount
Interest
Rate
Current Market
Value
Date
Acquired
Coupon
Date
Maturity/
Due Date
Elbow Lake MN
284281 KC5
A
local
170,045.70
170,045.70
165,000.00
2.750%
165,018.15
semi-annual
12108/14
none
12101/19
Steams Cc MN
857896MH4
AA+
local
276,875.00
276,875.00
250,000.00
4.500%
250,537.50
semi-annual
04/17/13
none
06/01/20
Minneapolis MN
60374YSBI
AAl
local
278,632.50
278,632.50
250,000.00
3.500%
250,602.50
semi-annual
02/26/13
none
12/01119
Hampton VA
4095582J1
AAt
local
100,836.00
100,836.00
100,000.00
2.209%
100,076.00
semi-annual
01/20/16
none
04/01/20
Brunswick Cnty
117061VHI
AAI
local
108,967.10
108,967.10
110,000.00
1.740%
109,722.80
semi-annual
08/21/15
none
05/01120
Middleton Wl
596782RX2
W
local
106,979.00
106,979.00
100,000.00
3.750%
100,165.00
semi-annual
02/24/15
none
09/01/20
Western Lake Superior MN
958522WU4
AA2
local
100,000.00
100,000.00
100,000.00
165,000.00
3.150%
2.400°h
100,000.00
165,364.65
semi-annual
08/16/11
04/01/12
10/01/19
Portsmouth VA
73723RJ38
AA2
local
160,116.00
160,116.00
semi-annual
07/17/13
02/01114
02/01/20
Portsmouth VA
73723RJ46
AA2
local
126,152.00
126,152.00
130,000.00
2.400%
130,313.30
semi-annual
07/17113
02/01/14
02/01/20
Moorhead MN
6161412R7
AA3
local
108,820.00
108,820.00
100,000.00
3.800%
100,547.00
semi-annual
11/14!11
none
02/01/20
Greensboro NC
39546OV21
AAA
local
366,832.80
366,832.80
360,000.00
3.263%
360,000.00
semi-annual
07/15/11
none
10/01/19
Mounds View MN ISD# 621
620637V70
AAA
local
246,875.00
246,875.00
250,000.00
1.900%1
249,905.00
semi-annual
05/16/18
none
02101/20
Rothsay MN ISD #850
778731AZ2
AM
local
208,640.25
208,640.25
195,000.00
3.000%
196,119.30
semi-annual
07/06116
none
02101/20
Saint Paul MN Pod Auth
793028WS6
AAA
local
201,806.00
201,806.00
200,000.00
2.000%
200,174.00
semi-annual
12/22/16
08/01117
02/01/20
Woodbury MN
97913PCQ7
AAA
local
123,037.35
123,037.35
115,000.00
3.250%
115,346.15
semi-annual
12/22/11
none
02101/20
Dallas TX Indpt Sch Dist
235308QK2
AAA
local
116,900.00
116,900.00
100,000.00
4.450%
100,947.00
semi-annual
04/16112
08115/11
02/15/20
Saint Paul MN Port Auth
793067CC1
AAA_
local
79,756.80
79,756.80
80,000.00
2.000%
80,016.00
semi-annual
01/10/17
09/01/17
03101120
Tenn Valley Auth Zero Cpn
88059EHD9
AAA
local
263,970.00
263,970.00
300,000.00
296,649.00
maturity
03/11/13
none
05101/20
Salt Lake County UT
795676QL2
88059EMX9
AAA
AAA
AAA
local
368,212.50
368,212.50
375,000.00
1.800%
374,962.50
98,478.00
174,100.50
semi-annual
maturity
semi-annual
semi-annual
semi-annual
semi-annual
05/18/18
03/18/13
07/26116
12/17/14
11/10/15
08/30/16
01104/18
04/10/18
06/15/13
none
02/15/17
11/01/14
07/01/13
06115120
07115/20
08115120
05/01/20
Tenn Val Auth Cpn Strip Zero Cpn
local
88,133.00
88,133.00
100,000.00
McAllen TX Dev Corp
Massachusetts State
579086AW9
local
175,000.00
175,000.00
17_5.000.00
1.400%
57582P2T6
AA1
state
199,744.00
199,744.00
200,000.00
2.090%
200,012.00
Florida St Hurricane _
34074GDH4
880641QQ3
3130ACLS1
_AA3
AAA
_AAA
AAA
state
state
279,439.80
279,439.80
48,218.85
248,227.50
270,000.00
45,000.00
2.995%
271,863.00
07/01120
Tennessee State _
48,218.85
3.178%
45,513.90
02/01/12
08101/20
Fed Home Ln Bank
US
248,227.50
250.000.00
1.550%
249,980.00
semi-annual
semi-annual
04/11/18
10!11119
Fed Home Ln Bank
313OA8NRO
US
294,603.00
294,603.00
300,000.00
1.125%
299,940.00
10/11/16
10/11/19
RFCSP Strip Principal Zero Coupon
76116FAA5
AAA
US
185,568.00
185,568.00
200,000.00
199,850.00
maturity
07122/15
none
10/15/19
Fed Nat[ Mtg Assn
3135GOJ95
AAA
US
98,570.00
98,570.00
100,000.00
1.350%
99,953.00
semi-annual
02/09/18
10/28/16
10/28/19
Fed Farm Credit Bank
3133EGBKO
AAA
US
199,600.00
199,600.00
200,000.00
1.300%
199,840.00
semi-annual
05125/16
11/25/16
11/25/19
Fed Home Ln Mtg Corp Zero Cpn
313400BV4
AAA
US
950,527.00
223,031.25
950,527.00
1,000,000.00
996,480.00
maturity
11102/15
none
11/29/19
Fed Fane Credit Bank
3133EGFR1
AAA
US
223,031.25
225,000.00
1.330%
224,766.00
semi-annual
11/03/17
none
12/16/19
Fed Home Ln Bank
313381ND3
AAA
US
147,300.00
147,300.00
150,000.00
1.450%
149,818.50
semi-annual
03/23/18
none
01/09/20
Fed Home Ln Mtg Corp
3137EAEE5
AAA
US
297,912.00
297,912.00
300,000.00
1.500%
299,634.00
semi-annual
12107/17
07/17/17
01/17/20
Fed Home Ln Bank
313OA3XL3
AAA
US
99,500.00
99,500.00
100,000.00
1.500%
99,871.00
semi-annual
07/22/15
08/10115
02/10/20
Fed Home Ln Mtg Corp Med Tenn Note
3134G9ML8
AAA
US
294,390.00
294,390.00
300,000.00
1.300%
299,181.00
semi-annual
12/10/18
none
03/16/20
Fed Home Ln Bank
3130AECJ7
AAA
US
300,114.00
300,114.00
300,000.00
2.625%
301,461.00
semi-annual
07/12/18
11/28118
05/28/20
Fed Nall Mtg Assn
3135GOT60
AAA
US
248,830.00
248,830.00
250,000.00
1.500%
249,320.00
semi-annual
07/11/19
01/30118
07/30/20
Fed Home Ln Bank
31337OUS5
AAA
US
252,620.00
252,620.00
250,000.00
2.875%
252,367.50
semi-annual
07/11/19
03/11/11
09/11/20
Fed Farre Credit Bank
3133EHYM9
AAA
US
294,735.00
294,735.00
300,000.00
1.500%
299,145.00
semi-annual
01/17/19
03/14118
09/14/20
18,943,821.26
248,003.70
Wax Bk
92937CHY7
34697
CD
245,000.00
245,000.00
245,000.00
3.000%
semi-annual
10/10/18
04/10/19
10/13/20
TIAA FSB Jacksonville FL
87270LBXO
34775
CD
245,000.00
245,000.00
245,000.00
2.400%
246,526.35
semi-annual
04117/19
10/17/19
10/19/20
B -Bay, LLC
05580ARJ5
35141
CD
245,000.00
245,000.00
245,000.00
2.350%
246,477.35
semi-annual
05/10/19
11/10119
11/10/20
3,719,044.35 local
517,388.90 state
4,221,607.00 US
Less Than 1 Year
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
Cit Bank Nall Assn
12556LAT3
58978
CD
245,000.00
245,000.00
245,000.00
3.000%
2.000%
248,518.20
245,627.20
semi-annual
semi-annual
12/17/18
07/17/19
06/17/19
12/17/20
Flagstar Bank FSB
33847E2T3
32541
CD
245,000.00
245,000.00
245,000.00
01/17/20
01/19/21
Synovus Bank _
Bank Hapoalim BM NY
First Source Bank
Raymond James Bk
Goldman Sachs Bank _ _
JP Morgan Chase Bank NA
State Bank of India
87164DMW7
873
CD
245,000.00
245,000.00
245,000.00
247,000.00
2.400%
2.100%
247,236.85
248,309.10
251,909.00
251,362.65
248,963.65
245,810.95
245,455.70
61,374.00
116,267.30
80,591.20
252,810.00
50,464.00
100,260.00
251,255.00
117,429.95
278,73720
248,721.60
103,313.00
100,178.00
99,330.00
99,403.00
251,172.50
385,642.95
255,115.00
49,995.00
100,857.00
semi-annual
semi-annual
04/17/19
07/19/19
10/17/19
01/19/20
04/16/21
07/19/21
06251AW89
33686
_ 9087
33893
33124
628 _
33664_
A3 __
AA
AA
_ AA1
_ AAI
AA1
_ AA2
AA2
AA2
AA2
AA3
AA3
AA3
AA3
AAA
AAA
AAA
AAA
AAA
AAA_
AAA_
AAA
_CD
CD
CD
CD
CD
247,000.00
247,000.00
245,000.00
245,000.00
247,000.00
245,000.00
245,000.00
61,821.00
33646CKP8
245,000.00
245,000.00
3.150%
2.950%
2.100%
2.200%
2.600%
3.000%
3.000%
4.000%
3.002%
2.450%
4.700%
3.250%
3.930%
3.000%
2.850%
4.850%
2.500%
1.900%
semi-annual
12/17/18
06/17/19
11/17/21
75472RAA9
245,000.00
245,000.00
semi-annual
01/25/19
07/25/19
01/25/22
38149MDR1
247,000.00
247,000.00
semi-annual
semi-annual
semi-annual
semi-annual
07/24/19
07/19/19
07/12/19
01/24/20
01/19/20
01/12/20
02/15/17
07/25/22
48128HV47
856283,156
486206KR5
265777HD7
1616636S3
245,000.00
245,000.00
245,000.00
245,000.00
60,000.00
07/19/23
07/12/24
CD
_
Kaufman TX
local
61,821.00
06/28/16
04/04/19
02/15/23
Dunn County WI
Chaska MN
Bristol VA
Des Moines lA Area Cmnty Col
Minneapolis MN _
Fen Du Lac Cnty WI
Adams & Arapahoe Cntys CO
Alexandria MN ISD#206
Bangor ME _
Whitewater alis
Georgetown MA
West Bend WI
W Palm Beach FL
Indianapolis Ind
Mounds View MN ISD #621
Rochester MN
Baltimore Cnty MD
New York St Mtge Agy _
Columbus OH
Outagamie Cnty Wl
Savage Minn _
Connecticut State
Vermont Stale Hsg Fin Agy
Minnesota St Colleges & Univ
Kentucky St Hsg Corp
local
local
local
local
115,752.10
115,752.10
115,000.00
80,000.00
semi-annual
none
10/01/20
83,725.60
83,725.60
semi-annual
semi-annual
semi-annual
semi-annual
semi-annual
semi-annual
09/08/14
07/05/18
11/10/14
10/31/11
03/10/17
07/12/18
01/21/15
11/21/18
06/09/11
02/20/19
01/11/18
07/05/16
07/11/17
12/20/18
12/19/18
08/31/16
none
02/01/24
10/01/20
06/01/21
03/01/23
03/01121
12/01/21
_
110331NT8
251,562.50
251,562.50
50,606.00
110,419.00
259,715.00
117,817.50
279,760.50
250,000.00
none
250097H21
50,606.00
50,000.00
12/01/14
none
60374YG68
local
110,419.00
100,000.00
344442KK3
local
259,715.00
117,817.50
250,000.00
none
none
005482W83
local
local
local
local
local
local
local
local
local
local
115,000.00
015131LQ6
279,760.50
270,000.00
semi-annual
semi-annual
semi-annual
semi-annual
semi-annual
semi-annual
none
none
none
12/15/20
none
10/01/16
02/01/23
11/01/23
12/01/20
12/15/21
04/01/22
0600954R4
235,428.00
235,428.00
240,000.00
100,000.00
966204KA6
109,541.00
109,541.00
98,922.00
97,805.00
101,245.00
251,507.50
378,408.80
254,532.50
51,290.00
100,000.00
39,956.40
170,000.00
198,018.00
372838KG6
951428BNO
955116BE7
45528UGF2
620637V88
771588RH5
98,922.00
97,805.00
101,245.00
251,507.50
378,408.80
254,532.50
51,290.00
100,000.00
100,000.00
100,000.00
100,000.00
250,000.00
385,000.00
250,000.00
50,000.00
100,000.00
40,000.00
170,000.00
200,000.00
2.264%
2.219%
2.050%
3.750%
2.097%
10/01/22
semi-annual
01/15/21
semi-annual
semi-annual
_07/15/13
none
none
02/01/21
02/01/21
05914FME7
local
semi-annual
none
08/01121
64988RHGO
199492CS6
689900698
local
2.375%
semi-annual
10/27/15
04/01/16
10/01/21
local
39,956.40
2.133%
40,339.60
semi-annual
02/20/15
none
12/01/21
local
170,000.00
2.350%
_172,182.80
201,734.00
semi-annual
11/07/17
05/01/18
11/01/22
80465PAN4
local
198,018.00
4.800%
semi-annual
semi-annual
semi-annual
06/17/10
05/27/16
08/28/18
02/01/11
02/15/14
05/01/18
02/01/24
08/15/21
11/01/21
20772JQN5
_
All
state
214,954.00
214,954.00
74,130.75
100,000.00
200,000.00
3.517%
205,174.00
92419RAE2
_ _
_ AA2 _
AA3 _
AAA
AAA
state
74,130.75
100,000.00
75,000.00
2.550%
75,900.75
6D414FPJ3
state
100,000.00
2.000%
99,991.00
semi-annual
02/26/15
10/01/15
10/01/20
49130TSHO
state
203,458.00
203,458.00
200,000.00
2.780%
202,556.00
semi-annual
03/29/17
none
07/01121
Georgia State
373384208
204,444.00
204,444.00
200,000.00
2.780%
205,844.00
semiannual
12/13/16
none
02/01123
_
Texas St
882723YM5
_
AAA
_stale
stale
250,639.90
250,639.90
245,000.00
2.732%
252,391.65
semiannual
07/19/19
none
08/01/23
Fed Home Ln Mtg Corp Med Term Note
3134GBS78
AAA
US
200,000.00
200,000.00
200,000.00
1.500%
199,942.00
semi-annual
10/27/17
04/27/18
10/27/20
Fed Nab Mtg Assn
Fed Home Ln Mtg Corp
Fed Farm Credit Bank_
Fed Nab Mtg A6sn
Fed Home Ln Mtg Corp Mad Term Note
Fed Home Ln Bank
3135GORM7
_
AAA
AAA
AAA
AAA
AAA
AAA
US
248,940.00
248,940.00
250,000.00
300,000.00
1.630%
18750/6
249,207.50
semi-annual
07/11/19
12/07/17
05/21/18
12/28/16
none
10/30/20
3137EAEK1
US
US
US
US
299,193.00
299,193.00
300,309.00
semi-annual
semi-annual
semi-annual
semi-annual
05/17/18
11/17/20
3133EJPW3
299,769.00
299,769.00
300,000.00
200,000.00
250,000.00249,862.50
303,108.00
06/21/18
12/21/20
3136G4JM6
3134GBJR4
200,000.00
200,000.00
200,036.00
06/28/17
12/28/20
249,177.50
249,177.50
07/11/19
none
01/26/21
3130ADME9
US
297,518.00
297.516.00
300.000.00
302,436.00
semi-annual
07112118
08/08118
02108121
2,974,200.70 CD
3,417,173.10 local
1,041,857.40 state
' Description
Cusip
Number
Credit
Rating/F
DIC #
Type
Purchase Price
Carrying Cost
Maturity
Amount
Interest
Rate
Current MarketIn,Date
Value
Paid
Acquired
Coupon
Date
Maturity/
Due Date
Fed Home Ln Mtg Corp Mad Term Note
Fed Home Ln Bank
Fed Farm Credit Bank
_3134G8KU2
313382K69
AAA
US
246,407.50
246,407.50
249,212.50
250,000.00
250,000.00
1.500%
1.750%
249,942.50
249,982.50
ual
ual
ual
12/04/18
07/11/19
02/26/19
02/26/21
AAA
US
249,212.50
none
03/12/21
3133EFX36
AAA
US
117,277.20
117,277.20
120,000.00
1.680%
119,444.40
01/17/19
10/05/16
04/05/11
Fed Nab Mtg Assn
3136GOU27
AAA
AAA
US
US
US
US
US
252,630.00
252,630.00
250,000.00
2.500%
1.850%0
1.550%
2.250%
1.250%
252,977.50
ual
07/11/19
10/13/18
04/13/21
Fed Home Ln Mtg Corp Med Tenn Note
3134GBP89
292,425.00
288,960.00
251,562.50
153,217.50
292,425.00
300,000.00
300,435.00
ual
nual
nual
semi-annual
semi-annual
semi-annual
semi-annual
semi-annual
08/07/18
04/26/18
04/26/21
Fed Fame Credit Bank
3133EGAH8
AAA
AAA
AAA
288,960.00
251,562.50
300,000.00
250,000.00
155,000.00
298,341.00
251,820.00
10/10/18
11/17/16
05/17/21
Fed Farm Credit Bank
Fed Home Ln Bank _
Fed Home Ln Bank
3133EKLQ7
313OA7Z73
07/11/19
11/17/19
05/17/21
153,217.50
154,660.55
12/18/18
11/25/16
05/25/21
313OA82B8
313373ZY1
AAA
AAA
US
US
294,030.00
257,980.00
294,030.00
257,980.00
300,000.00
250,000.00
1.000%
3.625%
300,054.00
07/17/18
07/11/19
07/12/18
07/10/18
none
05/25/21
Fed Home Ln Bank
Fed Nall Mtg Assn
Fed Home Ln Bank
Fed Home Ln Bank _ _
Fed Home Ln Bank
Fed Home Ln Mtg Corp Med Term Note
257,940.00
12/11/11
06/11/11
3135GOU35
AAA
US
300,249.00
300,249.00
300,000.00
2.750%
1.000%
2.050%
305,319.00
12/22/18
none
06127!21
313OA8SR5
_ 3130AGXL4
3130A8M_NO
3134GAWP5
AAA
AAA
US
244,531.25
300,000.00
194,414.00
245,875.00
300,000.00
300,000.00
300,000.00
600,000.00
245,000.00
254,142.50
29,767.20
327,798.25
159,000.00
173,216.40
103,933.00
298,317.00
121,500.00
268,815.00
244,531.25
250,000.00
249,272.50
07/27121
US
300,000.00
300,000.00
299,376.00
semi-annual
08/23/19
02/26/20
08/26/21
AAA
AAA
US
194,414.00
200,000.00
1.625%
199,030.00
semi-annual
01/25/19
none
10/07/21
US
245,875.00
250,000.00
1.900%
250,005.00
semi-annual
12/04/18
04115/19
02/23/16
10/15/19
11/23121
Fed Home Ln Mtg Corp Med Term Note
Fed Home Ln Mlg Corp Mod Term Note
3134GTGZO
AAA
US
300,000.00
300,000.00
300,000.00
599,859.00
245,000.00
254,142.50
29,767.20
327,798.25
159,000.00
300,000.00
2.500%
2.650%
2.230%
2.240%
2.750%
5.100%
2.625%
3.350%
2.600%
5.000%
1.790%
6.750%
1.150%
301,032.00
semi-annual
04/15/24
3134GTMD2
AAA
AAA
AAA
US
US
US
CD
local
local
local
local
_local
local
local
local
300,000.00
300,000.00
599,859.00
301,266.00
semi-annual
05/15/19
11/15/19
05/15/24
Fed Farts Credit Bank
3133EK173
300,585.00
semi-annual
semi-annual
semi-annual
semi-annual
semi-annual
semi-annual
07110/19
07/22/19
07/30/19
12/24/18
01/08/20
01122/20
01130/20
10/01/19
08/01/13
07/08/24
07/22/24
07/30/27
Fed Farts Credit Bank _
Wells Fargo Bank NA_
Milwaukee Cnty Wl
Duluth MN
South Milwaukee WI
Will County IL Cmnty Zeno Coupon
Waterloo IA
3133EKVR4
949763F43
602245XHO
264438ZL9
838855ZV9
969078QM9
598,746.00
14,478,361.15
246,960.00
250,265.00
30,653.70
340,089.75
396,855.00
174,064.70
100,900.00
297,264.00
128,418.00
282,798.00
245,000.00
250,000.00
30,000.00
325,000.00
500,000.00
170,000.00
100,000.00
3511
AA2
AA2
AA2
AA2
10/01/24
12/05/12
02/01/25
01/25119
04/01/19
10/01/26
maturity
semi-annual
semi-annual
08/25109
none
11/01/27
AA2
AAA
173,216.40
09/13/19
06/01/25
06/01/28
Lake City Minn ISD #813
Charlotte NC
Tennessee Valley Auth Ser E
Minneapolis MN Spl Sch Dist#1
Ice Deposit- National Sports Center
_941647UR8
508084DW7
161035JQ4
103,933.00
298,317.00
121,500.00
268,815.00
05/11/11
none
02/01/25
AAA
300,000.00
100,000.00
semi-annual
semi-annual
semi-annual
08/28/19
12/01/19
06/01/25
880591 CJ9
_60.3789300
none_
3133EKC95
3130AG673
AAA
AAA
03119/09
none
11101/25
local
300,000.00
04/22/19
none
12/15/25
local
250,000.00
250,000.00
250,000.00
250,000.00
300,060.00
maturity
semi-annual
02/06/08
none
01/01/26
_
Fed Farm Credit Bank_
Fed Home Ln Bank
AAA
US
300,000.00
300,000.00
300,000.00
2.190%
08/20119
02/20/20
02/20/25
AAA
US
300,000.00
300,000.00
300,000.00
2.450%
300,258.00
semi-annual
07/17119
01/17/20
07/17/25
Fed Home Ln Bank
it 3OA8W33
AAA
US
39,000.00
39,000.00
40,000.00
2.100%
40,004.40
semi-annual
07/27/17
08/22117
08/22/25
Fed Farm Credit Bank
31331VLCB
AAA
US
106,030.45
106,030.45
100,000.00
5.250%
126,803.00
semi-annual
02/26/10
none
04121/28
Fed Home Ln Bank
3130AGT21
AAA
US
300.000.00
300,000.00
300,000.00
2.640%
303,204.00
seml-annual
07/26/19
01/26/20
07126/29
3,568,597.55
036303285
AAA
local
1
323,613.50
1-1
semi-annual
Anoka-Hennepin MN ISD#11
- -1
323,613.50
350,000.00
2.550%
353,297.00
01/25/19
none
02/01/30
1
1
353,297.00
37,344,076.96
7,045,129.95 US
1- 5 Years
246,960.00 CD
2,251,308.15 local
1,070,329.40 US
6 -10 Years
353,297.00 local
10+ Years
INVESTMENT SCHEDULE - Money Market Funds
September 30, 2019
Description
Current Market
Value
YTD Interest
Wells Far o
1 Wells Fargo Government Money Market Fund
1 $1,186,308.921
$39,305.70
4M
/ 14M 1
1,035,812.021
15,957.00
4M PLUS
1 4M Plus
1,011,49716L
3,006.36
41M and 4M PLUS - PUBLIC WORKS
I 14M and 4M Plus - CIP Bonds
7,647,855.441_139,174.79
41M and 4M PLUS - COMM CENTER
1 14M and 4M Plus - CIP Bonds 1
15,648,496.791
22,237.62
Grand Total Money Market Funds $26,529,970.33 $219,681.47
Updated: 10/11/2019