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HomeMy WebLinkAbout2026 Annual Operating Budget 1685 Crosstown Blvd NW, Andover, MN 55304 Phone: (763) 755-5100 * Fax: (763) 755-8923 www.andovermn.gov 2026 Annual Operating Budget CITY OF ANDOVER 2026 Annual Operating Budget Table of Contents Introduction Public Official Listing .................................................................................... 1 Organizational Chart ....................................................................................... 2 Budget Message .............................................................................................. 3 City Council Resolution Adopting Budget ..................................................... 22 Values and Goals ............................................................................................ 25 Budget Development Process ......................................................................... 26 2026 Budget Development Calendar .............................................................. 27 Accounting, Auditing and Financial Reporting Policy ................................... 28 Operating Budget Policy ................................................................................. 29 Revenue Policy ............................................................................................... 31 Capital Improvement Policy ........................................................................... 31 Debt Administration ....................................................................................... 32 Investment Policy ........................................................................................... 33 Revenue Projections ....................................................................................... 36 2026 Budget Summary by Fund Type ............................................................ 41 2026 Budget Summary – Revenues and Expenditures Fund Summary .......... 42 2026 Budget Summary – Revenues and Expenditures All Funds .................. 43 2026 Budget Summary – Revenues and Expenditures by Fund Type ............ 44 Governmental Funds – Major Funds Breakdown ........................................... 45 Revenue Comparison – General Fund ............................................................ 46 Expenditure Comparison – General Fund ....................................................... 47 Expenditure Budget Summary – By Department – General Fund .................. 48 Five Year Financial Projections – General Fund ............................................ 49 2026 FTE Summary ........................................................................................ 50 2026 Capital Improvement Budget ................................................................. 51 General Fund Definition ........................................................................................................ 53 Statement of Revenues, Expenditures and Changes in Fund Balance ............ 55 Mayor & Council ............................................................................................ 56 Administration ................................................................................................ 57 Newsletter ....................................................................................................... 58 Human Resources ........................................................................................... 59 Attorney .......................................................................................................... 60 City Clerk ....................................................................................................... 61 Elections ......................................................................................................... 62 Financial Administration ................................................................................ 63 Assessing ........................................................................................................ 64 Information Systems ....................................................................................... 65 General Fund (Continued) Planning and Zoning ....................................................................................... 66 Engineering ..................................................................................................... 67 Facilities Management .................................................................................... 68 Police Protection ............................................................................................. 69 Fire Protection ................................................................................................ 70 Protective Inspection ...................................................................................... 71 Emergency Management ................................................................................ 72 Animal Control ............................................................................................... 73 Streets & Highways ........................................................................................ 74 Snow & Ice ..................................................................................................... 75 Street Signs ..................................................................................................... 76 Traffic Signals ................................................................................................ 77 Street Lighting ................................................................................................ 78 Street Lights Billed ......................................................................................... 79 Parks & Recreation ......................................................................................... 80 Natural Resource Preservation ........................................................................ 81 Recycling ........................................................................................................ 82 Unallocated ..................................................................................................... 83 Special Revenue Funds Definition ........................................................................................................ 85 Statement of Revenues, Expenditures and Changes in Fund Balance – All Special Revenue Funds ............................................................................ 87 Economic Development Authority Fund Statement of Revenues, Expenditures and Changes in Fund Balance ..... 88 Fund Overview ........................................................................................ 89 Local Affordable Housing Aid Fund Statement of Revenues, Expenditures and Changes in Fund Balance ..... 90 Fund Overview ........................................................................................ 91 Community Center Fund Statement of Revenues, Expenditures and Changes in Fund Balance ..... 92 Fund Overview ........................................................................................ 93 Drainage and Mapping Fund Statement of Revenues, Expenditures and Changes in Fund Balance ..... 94 Fund Overview ........................................................................................ 95 Lower Rum River Watershed Fund Statement of Revenues, Expenditures and Changes in Fund Balance ..... 96 Fund Overview ........................................................................................ 97 CITY OF ANDOVER 2026 Annual Operating Budget Table of Contents Special Revenue Funds (Continued) Forestry Fund Statement of Revenues, Expenditures and Changes in Fund Balance ..... 98 Fund Overview ........................................................................................ 99 Right of Way Management / Utility Fund Statement of Revenues, Expenditures and Changes in Fund Balance ..... 100 Fund Overview ........................................................................................ 101 Charitable Gambling Fund Statement of Revenues, Expenditures and Changes in Fund Balance ..... 102 Fund Overview ........................................................................................ 103 Crack Seal & Pavement Seal Fund Statement of Revenues, Expenditures and Changes in Fund Balance ..... 104 Fund Overview ........................................................................................ 105 CARES Act / ARPA Funding Statement of Revenues, Expenditures and Changes in Fund Balance ..... 106 Fund Overview ........................................................................................ 107 Debt Service Funds Definition ........................................................................................................ 109 Statement of Revenues, Expenditures and Changes in Fund Balance – All Debt Service Funds .................................................................................. 111 Certificates / Capital Notes – 2020A G.O. Equipment Certificate Statement of Revenues, Expenditures and Changes in Fund Balance ..... 112 Fund Overview ........................................................................................ 113 Certificates / Capital Notes – 2021A G.O. Equipment Certificate Statement of Revenues, Expenditures and Changes in Fund Balance ..... 114 Fund Overview ........................................................................................ 115 Certificates / Capital Notes – 2024A G.O. Equipment Certificate Statement of Revenues, Expenditures and Changes in Fund Balance ..... 116 Fund Overview ........................................................................................ 117 General Obligation Bonds – 2018A G.O. Capital Improvement Plan Bonds Statement of Revenues, Expenditures and Changes in Fund Balance ..... 118 Fund Overview ........................................................................................ 119 General Obligation Bonds – 2012C G.O. Abatement Bonds Statement of Revenues, Expenditures and Changes in Fund Balance ..... 120 Fund Overview ........................................................................................ 121 General Obligation Bonds – 2019A G.O. Taxable Abatement Bonds Statement of Revenues, Expenditures and Changes in Fund Balance ..... 122 Fund Overview ........................................................................................ 123 Debt Service Funds (Continued) General Obligation Bonds – 2021A G.O. Street Reconstruction Bonds Statement of Revenues, Expenditures and Changes in Fund Balance ..... 124 Fund Overview ........................................................................................ 125 General Obligation Bonds – 2024A G.O. Street Reconstruction Bonds Statement of Revenues, Expenditures and Changes in Fund Balance ..... 126 Fund Overview ........................................................................................ 127 Capital Projects Funds Definition ........................................................................................................ 129 Statement of Revenues, Expenditures and Changes in Fund Balance – All Capital Projects Funds ............................................................................. 131 Water Trunk Fund Statement of Revenues, Expenditures and Changes in Fund Balance ..... 132 Fund Overview ........................................................................................ 133 Sewer Trunk Fund Statement of Revenues, Expenditures and Changes in Fund Balance ..... 134 Fund Overview ........................................................................................ 135 Road and Bridge Fund Statement of Revenues, Expenditures and Changes in Fund Balance ..... 136 Fund Overview ........................................................................................ 137 Park Dedication Projects Statement of Revenues, Expenditures and Changes in Fund Balance ..... 138 Fund Overview ........................................................................................ 139 Building Fund Statement of Revenues, Expenditures and Changes in Fund Balance ..... 140 Fund Overview ........................................................................................ 141 Trail & Transportation Statement of Revenues, Expenditures and Changes in Fund Balance ..... 142 Fund Overview ........................................................................................ 143 Capital Equipment Reserve Statement of Revenues, Expenditures and Changes in Fund Balance ..... 144 Fund Overview ........................................................................................ 145 2024A G.O. Capital Improvement Plan Bonds Statement of Revenues, Expenditures and Changes in Fund Balance ..... 146 Fund Overview ........................................................................................ 147 Tax Increment Projects Statement of Revenues, Expenditures and Changes in Fund Balance ..... 148 Fund Overview ........................................................................................ 149 CITY OF ANDOVER 2026 Annual Operating Budget Table of Contents Capital Projects Funds (Continued) Permanent Improvement Revolving Statement of Revenues, Expenditures and Changes in Fund Balance ..... 150 Fund Overview ........................................................................................ 151 2024A G.O Street Reconstruction Bonds Statement of Revenues, Expenditures and Changes in Fund Balance ..... 152 Fund Overview ........................................................................................ 153 Enterprise Funds Definition ........................................................................................................ 155 Statement of Revenues, Expenditures and Changes in Retained Earnings – All Enterprise Funds ................................................................................ 157 Water Fund Statement of Revenues, Expenditures and Changes in Fund Balance ..... 158 Fund Overview ........................................................................................ 159 Sanitary Sewer Fund Statement of Revenues, Expenditures and Changes in Fund Balance ..... 160 Fund Overview ........................................................................................ 161 Storm Sewer Fund Statement of Revenues, Expenditures and Changes in Fund Balance ..... 162 Fund Overview ........................................................................................ 163 Internal Service Funds Definition ........................................................................................................ 165 Statement of Revenues, Expenditures and Changes in Fund Balance – All Internal Service Funds ............................................................................. 167 Central Equipment Maintenance Fund Statement of Revenues, Expenditures and Changes in Fund Balance ..... 168 Fund Overview ........................................................................................ 169 Risk Management Statement of Revenues, Expenditures and Changes in Fund Balance ..... 170 Fund Overview ........................................................................................ 171 Appendix Budget Year 2026 – Operating Transfers ....................................................... 173 2026 – 2030 Capital Improvement Plan Development Calendar .................... 174 Capital Improvements Plan 2026-2030 .......................................................... 175 Summary of Outstanding Bond Issues ............................................................ 194 Future Debt Service Requirements ................................................................. 195 Computation of Legal Debt Margin ................................................................ 196 Property Tax Levies and Collections .............................................................. 197 Special Assessment Levies and Collections ................................................... 197 Principal Taxpayers ........................................................................................ 198 Building Permits, Property Values and Households ....................................... 198 Demographics ................................................................................................. 199 Miscellaneous Statistical Data ........................................................................ 200 Glossary of Terms ........................................................................................... 201 Karen Godfrey Councilmember Scott Schue Councilmember CITY OF ANDOVER Adopted 2026 City Budget Jamie Barthel Mayor Rick Engelhardt Councilmember Joe Heidelberger Building Official Dennis Jones Fire Chief Jonathan Shafto Councilmember David Berkowitz Director of Public Works / City Engineer Sarah Cotton City Administrator Joe Janish Community Development Director Lee Brezinka Finance Manager 1 CITY OF ANDOVER 2026 Organizational Chart City Attorney Administrative Services Human Resources Newsletter Economic DevelopmentAuthority Community Center Charitable Gambling Recycling Information Systems Administration Emergency Management Protective Inspections Building Inspections Clerk's Office Elections Animal Control City Clerk Engineering Services Right-of-Way Management Drainage & Mapping Lower Rum River Watershed MgmtOrganization Forestry Trail & Transportation Construction Seal Coating Water Trunk Storm Sewer Sewer Trunk Road & Bridge Park Dedication Projects Engineering Financial Administration Assessing Facilities Management Unallocated Capital Equipment Reserve Debt Service Funds Tax Increment Projects Building Fund Permanent Improvement Revolving G.O. Capital Notes Risk Management Finance Fire Protection Fire Protection Planning & Zoning Services CDBG Planning Streets/Highways Snow & Ice Removal Street Lighting Signage Traffic Signals Parks & Recreation Water Sewer Central Equipment Natural Resources Preservation Public Works Police Protection City Administrator Advisory Boards City Council Residents 2 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755-5100 FAX (763) 755 -8923 • WWW.ANDOVERMN.GOV TO: Mayor, City Council Members and Residents of Andover FROM: Sarah Cotton, City Administrator SUBJECT: Adopted 2026 City Budget DATE: December 2, 2025 INTRODUCTION City Code 1-6-2 C, Major Areas of Accountability, requires the City Administrator to submit an annual budget to Council, which accurately reflects the financial needs of the City organization. Additionally, state law requires that the Council approve a preliminary budget and certify a proposed levy to the Anoka County Property Records and Taxation Division by September 30, 2025. In response to these requirements, a proposed budget was presented to the Council on September 2, 2025. The council held budget-planning sessions from March through August to discuss priorities and adopted the preliminary 2026 City Levy on September 2, 2025. Additional budget discussions were held with the Council in September, October, and November before the public hearing and final adoption on December 2, 2025. The official adoption of the 2026 Budget and City Levy will be submitted to Anoka County and the Minnesota Department of Revenue on or before December 29, 2025. This budget document should be viewed as more than just a collection of financial data; it is a financial plan through which the organization will implement the Council policies and meet the articulated needs of the community. In addition to the financial data, this document describes programs and services and provides statistical values measuring activity performance and workloads. Most importantly, this budget reflects the City’s plans, policies, procedures and objectives regarding services to be provided in 2026. As part of the budget development process, City staff and department supervisors performed a comprehensive review of their specific service needs, prioritized spending requests to achieve the most effective operational delivery of services and balanced the allocation of the City’s human and financial resources against those needs. It has been our goal to accomplish this in a fair, impartial and balanced manner that meets with the approval of Council and the residents we serve. 3 Mayor, Councilmembers, Residents 2026 Adopted City Budget GENERAL INFORMATION The city we know today as Andover was first organized in 1857 as “Round Lake Township.” In 1860, the name was changed to “Grow Township” in honor of Congressman Galusha A. Grow of Pennsylvania, a strong advocate for the Union cause who spoke in Anoka that year. At that time, the population was 330 and included the geographical area we know today as Ham Lake, which remained part of Grow Township until 1871. In 1972, recognizing the area's rapid growth, the Board of Supervisors determined that a village form of government would better serve the community and voted to proceed with incorporation. The board chose the name “Andover Village” for its historical connection to the Andover train station. While a popular “train myth” suggests the name came from an eyewitness describing a train tipping “over and over” in a swamp, research reveals the name first appeared in the Anoka County Union newspaper on March 14, 1899—before railroad tracks were even built in the city. The article stated that the Eastern Minnesota line of the Great Northern Railway was in the process of constructing railroad tracks from the Coon Creek Cut-off to the North. The railway announced that new railroad stations with mathematical precision were to be located five miles apart from each other. The new stations (from Coon Creek to the North, along the new railroad line) were to be named Andover, Cedar, Bethel, Isanti, Cambridge, Stanchfield, Braham, Grasston, Cornell, and Brook Park. On July 4, 1899, the first train passed through the Andover station, though the specific origin of the name remains unknown. Andover Village was officially established in 1972 and became a city of the fourth class in 1974. Today, Andover’s population exceeds 30,000, classifying it as a second-class city. BUDGET GUIDELINES The following 2026 Budget Development guidelines were established by the City Council on March 25, 2025. These principles guided City Staff in preparing the proposed operating budget and are presented with a brief description of the outcome of each guideline: 1) A commitment to a City Tax Capacity Rate to meet the needs of the organization and positions the City for long-term competitiveness using sustainable revenue sources and operational efficiencies. Note: Anoka County Assessor estimated taxable market value figures for the City of Andover are based on numbers provided reflecting a 5.90 % increase in total taxable market value for 2026. The 2025 increase was 0.08%. 4 Mayor, Councilmembers, Residents 2026 Adopted City Budget 2) A fiscal goal that works toward establishing the General Fund working capital fund balance at no less than 45% of planned 2026 General Fund expenditures and the preservation of emergency fund balances (snow emergency, public safety, facility management and information technology) through targeting revenue enhancements or expenditure limitations in the 2026 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 2025 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 to be a complete solution. At the October 7th meeting, the City Council approved a $1,000,000 transfer from the General Fund to address several priorities: $250,000 to the EDA Special Revenue Fund to cover a funding shortfall, and $750,000 to the Capital Equipment Reserve Fund. This latter portion provides $250,000 for the Kelsey Round Lake Trail matching grant, $350,000 for an additional plow truck replacement, and $150,000 to increase the natural disaster reserve. 3) A commitment to limit the 2026 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: By actively managing long-term debt, the 2026 debt levy was kept within the 25% guideline at 23.08%—a slight reduction from the 2025 rate of 23.92% 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 been meeting and is performing this analysis and will make recommendations on equipment needs to the City Council as part of the 2026-2030 Capital Improvement Plan (CIP) development process. The 2026-2030 CIP was adopted after a public hearing at the September 16th 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 of present-day expenditures and financing decisions. Fiscal assumptions are based upon a set of financial data, including growth factors, tax capacity valuations, per capita spending, fund balance reserves, and debt ratios. 5 Mayor, Councilmembers, Residents 2026 Adopted City Budget 6) Continued commitment to strategic planning targeted toward meeting immediate and long-term operational, staffing, infrastructure and facility needs. Note: A core priority for the 2026 budget, in alignment with the City’s strategic plan, is to prioritize our people and maintain organizational flexibility and adaptability. The strategic plan outlines the following top short-term goals: 1) Develop and implement succession plans, identifying appropriate depth within each department and mentoring employees to gain organizational capacity. 2) Implement actions related to staff retention and attraction to keep the City market competitive (compensation, benefits, etc.). Administration continues to integrate this direction 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 is given to fiscal values, commercial & residential development or redevelopment, collaboration opportunities, service delivery, and community livability. SIGNIFICANT EVENTS OF THE CURRENT YEAR Andover was one of the fastest-growing cities in the Twin Cities metropolitan area between 2000 and 2006. While the pace of residential development has since slowed due to regional and national economic factors, the City has successfully adapted by identifying alternate locations for sewer-supported growth. In 2025, the City issued 102 new single-family building permits (total valuation of $33.5M) and 5 new commercial permits (total valuation of $50.4M). This represents a significant increase in commercial investment compared to the $2.4M in commercial valuations the prior year. More detailed information is available on City growth later in this budget message. Some additional noteworthy activities that occurred in 2025 include: 1) The City secured $8 million in State funding to extend municipal water into the Red Oaks neighborhood (Phase II), a neighborhood where private wells were discovered to be contaminated while conducting water sampling near the Waste Disposal Engineering (WDE) Closed Landfill in Andover. Construction is scheduled for 2026, with 84 homes potentially connecting to the municipal water supply. 2) Over 12 miles of roads were either reconstructed or overlaid during the road construction season. Additionally, two new roundabouts were completed at the intersections of Nightengale Street with Crosstown Blvd and Veterans Memorial Blvd. 6 Mayor, Councilmembers, Residents 2026 Adopted City Budget 3) New residential plats included Fields of Winslow Cove 4th Addition (85 urban lots), Lakeview at Sloth Farms (5 urban lots), Boulder Prairie Estates (27 urban lots), and Hartmans Meadows (12 rural lots). The City currently maintains a supply of 152 urban and 13 rural lots. 4) Several new businesses moved to Andover, including Starbucks, Chipotle, 304 Bakery, Resemble Barbers, Chase Bank, and a Holiday/Circle K. While some utilized existing spaces, most established new standalone structures. 5) Transform Church began a 23,000-square-foot expansion, and Legacy Christian Academy purchased the former Meadow Creek Church facility. Meadow Creek Church is now building a new 8,400-square-foot facility on the adjacent property. 6) Crosstown Landings is currently under construction and will provide 217 units of senior housing, and include a warm water pool, indoor pickleball court, indoor golf simulator, wellness/fitness rooms, and other amenities for its residents. 7) The Bank of Elk River received a Conditional Use Permit for a building with a drive-thru and is expected to start construction of a 2,700 square foot facility in 2026. 8) An Alternative Urban Areawide Review (AUAR) began for approximately 800 acres of the Rural Reserve. This study evaluates the potential for up to 1,545 residential units and 30 acres of commercial property. 9) Recruitment initiatives resulted in 11 new paid-on-call hires for the Andover Fire Department. 10) Andover residents continue to maintain one of the highest recycling rates per person in Anoka County. The City hosted successful monthly recycling events throughout 2025, focusing on items like electronics and paper shredding. 11) For the 23rd consecutive year, the City received the GFOA "Excellence in Financial Reporting Award." Completing this report internally continues to save the City significant consulting fees. 12) The City continues to implement its single-family rental housing license program, which provides landlords with educational materials and checklists for property maintenance. The program includes a list of potential ordinance violations and an exterior inspection conducted by City staff. Authorized by the City Council in 2009 and reviewed annually, the program saw nearly 275 single-family rental licenses issued throughout the City in 2025. 7 Mayor, Councilmembers, Residents 2026 Adopted City Budget 13) The City is making significant progress in digitally imaging retained records, ranging from standard legal documents to large-scale construction plans. This imaging project has improved data retrieval efficiencies, reduced the need for physical office expansion, and expedited City research projects—all of which contribute to long-term staffing and operational savings. 14) The City continues to utilize financial management software updates to enhance reporting and operating efficiencies, resulting in more timely reports and reduced personnel costs. In 2025, the City saw continued growth in both online and in-person credit card payments for permits and services. Currently, approximately 65% of Building Department permits are processed online, saving customers significant time and travel expenses. OVERVIEW The Adopted 2026 Budget anticipates General Fund revenues of $16,182,461 to meet budgeted expenditures of $16,724,671. This results in a planned use of fund balance; consequently, total General Fund reserves are projected to decrease from 72.08% in 2025 to 68.82% in 2026. Overall, the 2026 General Fund Budget represents a $1,006,516 increase in expenditures over the previous year. Designated capital operating levies increased by $227,297, bringing the 2026 balance to $3,452,165. The 2026 Debt Service Levy of $4,905,158—which includes equipment notes, abatement bonds, capital improvement bonds, and street reconstruction bonds—decreases the City’s debt-to-gross-levy ratio to 23.08%, down from 23.92% the prior year. The increase in General Fund expenditures is primarily driven by Public Safety and Public Works. Public Safety costs (Police and Fire) increased by $556,541. This includes a 6.76% ($266,287) increase in the law enforcement contract and a $290,254 increase for the Fire Department, both largely due to additional staffing and competitive salary/benefit adjustments. Public Works expenditures increased by $221,040 over the 2025 budget, also primarily due to salary and benefit adjustments. 8 Mayor, Councilmembers, Residents 2026 Adopted City Budget General Fund expenditure trends starting from 2020 are as follows: Expenditures Population Per Capita % Change 2020 Actual 11,395,878$ n/a 32,601 349.56$ 2021 Actual 12,091,500$ 6.10% 32,708 369.68$ 2022 Actual 12,569,831$ 3.96% 32,822 382.97$ 2023 Actual 13,019,879$ 3.58% 33,089 393.48$ 2024 Actual 13,953,540$ 7.17% 32,596 428.08$ 2025 Estimated 15,719,322$ 12.65% 32,796 479.31$ 2026 Adopted 16,724,671$ 6.40% 32,996 506.87$ Before Transfers Expenditures $200 $300 $400 $500 $600 2020 2021 2022 2023 2024 2025 2026 Expenditures Per Capita Note: The population figures are estimates by the Met Council. The 2026 Adopted Budget provides for a tax capacity rate of 35.288%, compared to 36.389% for 2025 (excluding open space and watershed levies). This decrease in the tax capacity rate is primarily due to the growth in local tax capacity values and fiscal disparities, which offset the slight increase in the overall tax levy. % Change % Change 2020 36,099,539$ n/a 35.656% n/a 2021 37,366,775$ 3.51% 35.574% -0.23% 2022 40,210,548$ 7.61% 35.994% 1.18% 2023 50,267,978$ 25.01% 30.873% -14.23% 2024 52,292,926$ 4.03% 32.181% 4.24% 2025 52,531,509$ 0.46% 36.389% 13.08% 2026 55,594,902$ 5.83% 35.588% -2.20% Tax Capacity Values Tax Capacity Rates 30.0% 35.0% 40.0% 45.0% 2020 2021 2022 2023 2024 2025 2026 Tax Capacity Rates Note: The tax capacity rates exclude open space and watershed levies. 9 Mayor, Councilmembers, Residents 2026 Adopted City Budget Some highlights of the Adopted 2026 Budget are as follows: Capital Projects Levy – The 2026 Budget specifically designates $3,412,165 of the general tax levy to capital projects and equipment. Strategically allocating these resources allows the City to meet transportation and infrastructure needs while raising public awareness of spending priorities. The breakdown includes: • Road and Bridge ($2,400,000): Based on a detailed analysis of city street conditions and the needs of the roadway system. • Capital Outlay ($525,000): This reflects a $225,000 increase achieved by reallocating funds from the debt service levy. This "pay-as- you-go" shift bypasses the bonding process, resulting in an estimated savings of $50,000 per issuance. • Facility Maintenance Reserve ($355,000): Designated to fund repairs identified in the recent facility condition assessment. • Pedestrian Trail Maintenance ($117,165): Dedicated to the upkeep and safety of the City's trail system. • Park Projects ($15,000): Designated for miscellaneous park-related capital projects. Sheriff’s Police Contract Services – The Anoka County Sheriff’s contract reflects a 6.76% increase ($266,287). The budget maintains 72 hours of daily patrol service, a Community Service Officer, two Patrol Investigators, and two Community Oriented Policing Officers. The Crime Watch Coordinator position will now be under the Sheriff's service umbrella. Attorney – The budget includes a 3.89% general increase ($8,873) to manage legal services for the City. City Memberships and Contributions – The City supports several regional organizations and local programs that provide essential services to our residents. General fund supported memberships, and contributions are as follows: ▪ North Metro Mayors Association $14,261 - membership ▪ Metro Cities $10,027 - membership ▪ Mediation Services $ 6,628 - program contribution ▪ Alexandra House $15,000 - program contribution (domestic abuse programs) ▪ Teen Center Funding (YMCA) $ 5,600 - program contribution (youth services) The following memberships/contributions are included as part of the 2026 budget in the Charitable Gambling Special Revenue Fund: ▪ Teen Center Funding (YMCA) $24,400 - program contribution (youth services) ▪ YMCA – Water Safety Program $10,000 - program contribution (youth services) ▪ Alexandra House $ 9,500 - program contribution (domestic abuse programs) 10 Mayor, Councilmembers, Residents 2026 Adopted City Budget ▪ Senior High Parties $ 2,000 - donation (youth programs) ▪ Family of Promise $ 4,000 - program contribution (homelessness programs) ▪ Stepping Stone $ 2,000 - program contribution (homelessness programs) ▪ Lee Carlson Central Center for Family Resources $ 2,500 - program contribution (mental health services) ▪ Hope for Youth $ 2,000 - program contribution (homelessness programs) ▪ Andover Senior Club $ 1,000 - program contribution (senior services) ORGANIZATIONAL MANAGEMENT Staffing and Strategic Realignment – Consistent with the strategic plan, the City is prioritizing a stable, high-performance culture to ensure excellence in service delivery. The following staffing changes are the result of recent restructuring to meet community demand: Engineering Department – Starting January 1, 2026, the Engineering Secretary position will transition to half-time and intern funding will be eliminated. These resources will be reallocated to add a full-time Engineer on July 1. This shift moves resources from administrative support to professional roles where workload demand for infrastructure projects is highest. Building Department – To address the surge in housing and commercial development, a half-time Inspector and full-time Secretary will be realigned into a full-time Building Inspector and a half-time Secretary. This adjustment is expected to be fully supported by the permit revenue generated by increased development. Fire Department – Following an independent evaluation, the City is moving to a new duty-crew model. By adjusting hours based on call- volume data and implementing two dedicated full-time weekday personnel, the City will ensure consistent daytime response. The first position is funded entirely by savings from the new model; the second will be added mid-year to manage costs. With several retirements and vacancies anticipated through 2026, Administration and Human Resources will continue to focus on succession planning, cross-training, and the strategic realignment of resources to maintain service levels without interruption. Cost-of-Living Adjustments – To remain competitive with other government entities, the 2026 budget includes a 4.00% COLA and eligible step increases. These adjustments are verified against detailed market rate reviews. The current Public Works Union contract expires December 31, 2027, and provides for a 4.00% COLA for 2026 and 2027. 11 Mayor, Councilmembers, Residents 2026 Adopted City Budget Health Insurance Costs – Premiums increased by 15.0% for 2026. The City maintains an employer contribution ratio of 100% for single coverage and 76% for family coverage. To manage these costs, the City continues to utilize a high-deductible plan paired with a Health Reimbursement Arrangement (HRA) to "buy down" premium costs. Minnesota Paid Leave Program – Beginning January 1, 2026, a new state-mandated program will provide job-protected family and medical leave. Funded by a 0.88% premium on wages, the City will cover 50% of the cost as required by law. Workers’ Compensation Insurance – The City’s insurance costs are determined by an "Experience Modification Factor" (Mod Factor). A score of 1.0 represents the industry average. In 2025, the City enjoyed a 0.96 factor, resulting in a premium discount (cost: $235,840). In 2026, the factor is increasing to 1.85 due to recent claims experience, resulting in a premium surcharge (estimated cost: $335,352). The City remains committed to safety initiatives to help lower this factor and reduce future premiums. CITY GROWTH The City saw robust development in 2025, welcoming new businesses such as Starbucks, Chipotle, 304 Bakery, Resemble Barbers, Chase Bank, and a Holiday/Circle K. Significant institutional growth is also underway, with Meadow Creek Church constructing a new facility and Transform Church expanding its campus. Additionally, the Crosstown Landings senior housing project is under construction; once complete, it will provide 217 units and premium amenities, including a warm water pool, indoor pickleball, a golf simulator, and fitness rooms. Residential growth remains steady with the addition of several new plats, including Fields of Winslow Cove 4th Addition (85 urban lots), Lakeview at Sloth Farm (5 urban lots), Boulder Prairie Estates (27 urban lots), and Hartmans Meadows (12 rural lots). Currently, the City maintains a supply of 152 urban and 13 rural lots. In 2025, the City issued 102 new single-family building permits with a total valuation of $33,553,396. Notably, commercial investment saw a significant increase, with 5 new commercial permits valued at $50,478,662—up from just $2,400,000 the previous year. According to the 2020 Census, Andover’s population stands at 32,601. Growth Factors 1995 2025 Estimate % Change Population 20,497 32,596 59 Housing Units 6,300 11,091 76 Streets (miles) 150 207 38 12 Mayor, Councilmembers, Residents 2026 Adopted City Budget Growth Factors 1995 2025 Estimate % Change Cul-de-sacs 155 368 137 Storm Sewer (miles) 18 87 384 Water Main (miles) 35 130 271 Sanitary Sewer (miles) 53 106 100 Parks (Number) 54 68 26 Developed Park Acreage 512 631 23 Trails (miles) 0 41 100 Developed Residential (acres) 7,750 9,639 24 Undeveloped Residential (acres) 14,616 12,653 (13) Fire/Medical Runs 625 1,917 207 Growth Factors 2000 2025 Estimate % Change Calls for Service – Police 9,588 12,824 34 Incident Reports 8,385 9,706 16 Note: Reference Year is 2000 due to database reporting changes. CAPITAL OUTLAY/IMPROVEMENTS The Adopted 2026 Budget includes $27,709,000 for capital equipment and improvements. These projects are funded through a strategic mix of sources, including the General Fund, dedicated capital levies, Enterprise Funds, special assessments, state grants, and the issuance of notes and bonds. Key funding allocations for 2026 include: $8,000,000 from the Minnesota Pollution Control Agency (MPCA) for the Red Oaks water extension, $10,318,000 for road improvements via bonds, tax levy, state aid, and special assessments, and $1,580,000 from capital, facility, and general fund levies and reserves. The City’s 2026–2030 Capital Improvement Plan (CIP) was instrumental in shaping these outcomes. For a detailed analysis of every item, residents are encouraged to view the complete CIP document in the Finance Department section of the City’s website at www.andovermn.gov. 13 Mayor, Councilmembers, Residents 2026 Adopted City Budget Notable 2026 Capital Projects include: Parks Department – $600,000 is programmed for park improvements, including $250,000 for the skate park, $150,000 for paving the Hawkridge Park parking lot, and $200,000 for updating play structures to meet modern safety and ADA requirements. Facility Management – $175,000 is allocated for the third phase of the City Hall office and cubicle remodel, funded by the Facility Maintenance Reserve. Fire – $350,000 is budgeted for the replacement of a Fire Department rescue vehicle, funded through the Capital Equipment Reserve. Engineering – $2.2 million is budgeted for trail expansions, including sections along Coon Creek ($850,000), Crosstown Blvd ($850,000), and the reconstruction of the Kelsey Round Lake Park trail ($500,000). Funding is provided by Trail and Capital Equipment funds along with a DNR matching grant. Water – The Minnesota Pollution Control Agency (MPCA) is providing $8 million to extend municipal water service to 84 homes currently affected by contaminated private wells in the Red Oaks area. Sanitary Sewer – $3.85 million is designated to extend the trunk sanitary sewer from Bunker Lake Boulevard to the Rural Reserve. This will be initially financed by the Sewer Trunk Fund and fully reimbursed through future connection fees. FUND BALANCE General Fund and Reserves – The City establishes fund balance goals to ensure sufficient cash flow for capital purchases, emergency contingencies, and long-term stability. For 2026, the General Fund is projected to use $542,210 of its fund balance to support operations. Despite this planned use, the City continues to meet Council guidelines by maintaining a working capital balance of approximately $8,362,336, representing 50% of planned expenditures. Additionally, the budget preserves $850,000 in emergency reserves to protect core services: ▪ Snow Emergency ($100K): For salt, sand, and labor during abnormal snowfall seasons. ▪ Public Safety ($100K): For unexpected police, fire, or civil defense costs. ▪ Facility Management ($100K): For emergency roofing, HVAC, or facility repairs. ▪ Information Technology ($100K): For phone system or network server emergencies. ▪ Economic Development ($150K): For TIF Management Fee Migration. ▪ Fiscal Disparities ($300K): To buffer against fluctuations in state-calculated tax sharing. 14 Mayor, Councilmembers, Residents 2026 Adopted City Budget Special Revenue and Debt Service Funds – The Economic Development Authority (EDA) fund will decrease by $91,286, reflecting lower administrative fee revenue and a continued commitment to the Home Improvement Program. The Andover Community Center budget will decrease by $61,832 as the City completes essential infrastructure projects, including a $75,000 fieldhouse lighting replacement. Debt Service funds are projected to increase by $168,973, primarily due to a temporary timing variance between property tax receipts and scheduled debt payments. Capital Project Funds – The 2026 budget includes several strategic shifts in capital reserves to fund infrastructure. The Water Trunk Fund will increase by $400,235 to build reserves for future replacements, while the Road and Bridge Fund will increase by $1,263,429 for proactive street reconstruction. The Sewer Trunk Fund will decrease by $2,359,295 to finance the sanitary sewer extension to the Rural Reserve. These costs are expected to be fully recovered through future developer connection fees. The Park Dedication and Trail & Transportation funds will decrease by $283,600 and $1,423,100, respectively, to fund upgrades at the skate park and Hawkridge Park, as well as trail extensions along Coon Creek and Crosstown Boulevard. The Capital Equipment Reserve will decrease by $567,381 as the City utilizes Public Safety Aid for fire equipment. Additionally, the remaining $4.5 million in 2024A Street Reconstruction Bonds is scheduled for expenditure. COMMUNITY VISION & GOALS While the annual budget addresses immediate tasks, it is guided by the City of Andover’s slogan, vision statement, long-term values, and short- term organizational goals. In 2023, the City Council and Leadership Team collaborated to update the Strategic Plan, which has since been integrated into every department’s work plan and budget. The City’s adopted slogan is “A Safe, Vibrant Community,” and the vision statement is “Andover is a safe, healthy community that strives for excellence in quality of life for its citizens and businesses through recreational opportunity, quiet neighborhoods, civic involvement, strategic partnerships, fiscal responsibility, and environmental stewardship.” Long-Term Organizational Values ● 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. ● Fiscal Responsibility - The City of Andover believes that fiscal responsibility and prudent stewardship of public funds are essential if citizens and businesses are to have confidence in government. 15 Mayor, Councilmembers, Residents 2026 Adopted City Budget ● 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. ● Treating our citizens and businesses as our customers - The City of Andover believes that its citizens and businesses are its customers and, as such, should be treated with courtesy, respect, and integrity. ● 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. ● Prioritizing people - The City of Andover believes that talented and well-supported officials and employees operating in a strong organizational culture provides stability, creativity, and excellence in delivery of service. ● Maintaining organizational flexibility and adaptability - The City of Andover believes that organizational flexibility and adaptability are key to meeting the changing and evolving needs of the community. Long-Term External Values ● Establish and maintain a common community identity. ● Provide city services that are accessible and lead to a healthy community. ● Be a desirable place to live. ● Enhance communication with the public and support processes that involve citizen engagement. ● Develop and update the City’s capital improvement program. ● Broaden and preserve the City’s tax base. ● Balance and prioritize the provision of city services with available resources. ● Respect the environment. 16 Mayor, Councilmembers, Residents 2026 Adopted City Budget Top Priority Short-Term Goals ● Develop and implement succession plans, identifying and establishing appropriate depth within each department and mentoring employees to gain organizational capacity. ● Implement actions related to staff retention and attraction to keep the City market competitive (compensation, benefits, etc.). ● Evaluate staffing and level of service for Fire, EMS, and Sheriff’s Office to provide effective fire and rescue response. ● Review and update the street capital improvement plan, including funding and implementation. ● Prioritize the timely replacement of equipment and commitment to the necessary maintenance of equipment and municipal facilities. ● Explore, identify gaps, and strengthen critical infrastructure. ● Develop and implement additional youth activity programming at the Andover Community Center. ● Continue to enter into collaborative agreements and partnerships when mutually beneficial. Secondary, Opportunity Short-Term Goals ● Develop community activities to help strengthen a common community identity. ● Accomplish the development of a Master Campus Plan. ● Support activities to encourage business growth. ● Encourage local resident entrepreneurship. ● Evaluate the process of extending water within the MUSA. 17 Mayor, Councilmembers, Residents 2026 Adopted City Budget LONG-TERM FISCAL OBJECTIVES The City Council and staff are committed to expending public resources in the most cost-effective and economical manner possible. Given the unpredictable nature of state aid and levy limits, the City employs the following long-term fiscal strategies to ensure a balanced and stable financial future:  Employing a strategy aimed at reducing the City's reliance on the property tax levy to fund basic City services through “sustainable” revenue sources such as special revenues, user fees, and fee-for-service transactions. ✓ The City tax rate will decrease in 2026 when applied to the City’s growing taxable market values. City services will continue to be evaluated in terms of identifying all relevant funding sources to underwrite specific service expenditures, promoting alternatives to traditional funding methodologies, operational efficiencies, and encouraging public-private partnerships in service delivery systems.  The use of an appropriate cost accounting structure that will lead to the creation of individual cost centers for all City department activities to accurately reflect the true cost of providing specific services. ✓ The City employs a cost accounting system that is department-specific, which attempts to accurately reflect service delivery costs at the department and division levels. By including all supplemental services as they relate to personnel, charges and services, supplies and capital outlay will further distinguish the total costs of the service provided. The City can analyze these costs at the sub-category detail levels in support of overall policy goals.  The development of work performance goals for each department to ascertain and measure how each operating division contributes to the City's overall public service mission. ✓ Each department is responsible for identifying relevant performance data to allow for an independent analysis of specific service outcomes. Data is reviewed to provide the Council and public with a better understanding of the operational demands, resource inputs, and performance outcomes associated with a specific service delivery system.  The development of long-term financial models that identify anticipated trends in community growth and financial resources, designate appropriate capital resources to future City needs, track per capita spending growth, and establish a link between fiscal targets and budgetary expenditure goals. 18 Mayor, Councilmembers, Residents 2026 Adopted City Budget ✓ The City continually maintains various financial models to determine the long-term impacts of present-day expenditure and financing decisions. Fiscal assumptions are based upon a set of financial data, including growth factors, tax capacity valuations, per capita spending, and debt ratios. The financial models are used as part of the budget planning process to ensure that key short-term fiscal targets are in line with long-term fiscal projections.  The aggressive and appropriate investment of idle City funds to maximize the generation of interest income, while ensuring adequate cash flow requirements. ✓ Investment of City funds is controlled by state statute and managed by the Finance Department. Idle funds are invested in a variety of financial instruments such as certificates of deposit, municipal bonds, federal agencies, and corporate paper and are designed to maximize municipal investment income. Long-term investing is designed to achieve the best yield in the current market, following a strategy that secures income streams at a higher rate of return for a longer period.  Greater reliance on technology to enhance employee productivity in all areas of City operations and improve customer communications. ✓ The City has taken steps to invest additional time and energy in labor-saving technology, such as new software, enhanced programming, and optical imaging of paper files. Staff implemented an optical imaging solution that enabled the City to reduce storage areas previously dedicated to paper files and provide a more economical and efficient data retrieval system. In addition, the City implemented financial management software to improve reporting and operating efficiencies. Both implementations have allowed the City to reduce staffing due to the increased efficiencies with each new system.  The adoption of a financial philosophy that seeks to spread the cost of significant capital outlay expenditures over an extended period to ensure that current and future taxpayers share equally in underwriting the cost of significant public expenditures. ✓ The City continues to capitalize the cost of significant capital expenditures over several years to ensure that both existing and future taxpayers share equally in the cost. In addition, the City has established separate capital projects levies to underwrite the cost of selected capital projects and equipment, and to avoid a fiscal environment based on reactive tax and spend policies. The five-year Capital Improvement planning process is critical in achieving these results.  Involving all employees in the process of re-engineering the work environment by encouraging cross-training opportunities, reducing and eliminating bureaucratic barriers, streamlining public process requirements, and adopting private sector business values in City operations. 19 Mayor, Councilmembers, Residents 2026 Adopted City Budget ✓ City staff are encouraged to identify work practice issues that are inefficient or overly bureaucratic. The management team is committed to involving its employees and fostering an environment that challenges the status quo of City operations.  Continuously reviewing opportunities to form partnerships with neighboring communities to share services and equipment, jointly purchase equipment, and develop strategies to deal with local issues using a regional approach. ✓ The City has established several equipment and service delivery sharing arrangements with neighboring communities and has several joint powers agreements in place on a variety of local and regional issues in public safety, assessment services, telecommunications, public access television, and wastewater service initiatives. EXECUTIVE SUMMARY The 2026 Adopted Budget reflects the City Council’s direction and staff’s commitment to a cost-effective, efficient, and high-quality service model. It demonstrates the City’s pledge to live within its means, ensuring tax dollars are managed prudently to achieve the best possible outcomes for residents. Notably, Andover continues to maintain one of the lowest tax rates in Anoka County and the Twin Cities metropolitan area, with per-capita spending consistently ranking in the bottom half of peer cities. Budgetary Process The budgetary process was guided by the Council policy guidelines described earlier in this message. We approached this process by employing several key strategies: extending the useful life of existing equipment, utilizing cost-center accounting to better understand specific service expenditures, and actively seeking equipment-sharing opportunities with both public and private entities. We also focused on spreading the cost of significant capital expenditures over several years and introducing new technologies that allow staff to work more efficiently and effectively. Furthermore, the prudent management of existing capital, financial, and human resources—combined with organizational practices that promote employee involvement and interdepartmental communication—will generate substantial efficiencies in City operations. This process included active participation from all department heads and supervisors. Decisions concerning the operational and maintenance needs of the organization were made by the management team after a thorough review and prioritization of all budgetary requests. The integrity of this process relies upon every department working within the same framework to accurately identify operational needs, promote informed team reviews, and meet the core service requirements of each department. To meet growing challenges, the City must continually evaluate new methods of conducting business in a more economical and competitive manner while maintaining high service standards that meet the reasonable expectations of the community. 20 Mayor, Councilmembers, Residents 2026 Adopted City Budget The budget process incorporates a management vision supported by the increased utilization and promotion of technology in public service delivery and an emphasis on long-term strategic planning to effectively allocate resources for future needs. We continue to foster a workforce characterized by greater participation, accountability, and flexibility, allowing for innovative responses to the demand for cost-effective services. Additionally, we are focused on developing an alternate framework of special revenues and user fees to gradually reduce the City’s reliance on tax levies by recovering costs from appropriate users. We recognize that the City should work as a partner with the community to meet challenges rather than as the sole provider, while maintaining a strong voice in the legislature to ensure that Andover’s issues are clearly understood and fairly addressed. The 2026 Adopted Budget is the product of the collective efforts of the management team and their respective staff, who have worked diligently to ensure that the residents of Andover receive the highest level of service for their tax dollars. Special recognition is appropriate for Finance Director Lee Brezinka and the Finance staff for generating the reliable financial data upon which this sound and valid budget document was produced. The entire management team should be recognized for their efforts in preparing a budget that meets the needs of this growing community while recognizing the limited nature of financial resources. Finally, the City Council should be recognized for its frugal use of municipal resources and its continual efforts to provide essential services to the residents it represents. I am appreciative of the commitment, good judgment, and expertise that each member of the Council has contributed to the budget process. Respectfully submitted, Sarah Cotton City Administrator 21 CITY OF ANDOVER COUNTY OF ANOKA STATE OF MINNESOTA RES. NO. R145-25 A RESOLUTION ADOPTING THE CITY OF ANDOVER 2026 BUDGET AND 2026 PROPERTY TAX LEVY TO BE CERTIFIED TO THE COUNTY AUDITOR. WHEREAS, the preparation and adoption of budgets is recognized as sound financial practice; and WHEREAS, the City of Andover receives significant financial support from its residents through the payment of property taxes; and WHEREAS, the City of Andover has the responsibility to appropriately and efficiently manage the public’s funds; and WHEREAS, Minnesota State Law requires the City to certify to the County Auditor an adopted tax levy and budget prior to December 29, 2025; and WHEREAS, Minnesota State Law requires the City to certify to the State of Minnesota Department of Revenue an adopted tax levy by December 29, 2025. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Andover hereby adopts the 2026 City of Andover Budget and the 2026 property tax levy totaling $21,250,914 as listed on Attachment A. BE IT FURTHER RESOLVED that the City Council of the City of Andover hereby establishes the 2026 City of Andover Budget by fund type as follows: General Fund 16,182,461$ General Fund 16,724,671$ Special Revenue Funds 2,772,068 Special Revenue Funds 2,948,490 Debt Service Funds 5,573,458 Debt Service Funds 5,404,485 Capital Projects Funds 19,431,872 Capital Projects Funds 27,050,927 Enterprise Funds 7,507,635 Enterprise Funds 7,216,095 Internal Service Funds 2,076,528 Internal Service Funds 2,069,810 Total 53,544,022$ Total 61,414,478$ EXPENDITURESREVENUES Adopted by the City of Andover this 2nd day of December 2025. ATTEST: Michelle Hartner – City Clerk 22 Attachment A 2026 Levy General Fund Levy General Operations 12,503,591$ Community Center Operations 155,000 Park Repair/Replacement Items 235,000 Total General Fund 12,893,591 Debt Service Funds Levy 2012C Taxable G.O. Abatement Bonds 968,689 2018A G.O. Capital Improvement Plan Bonds 615,419 2019A Taxable G.O. Abatement Bonds 1,179,308 2021A G.O. Street Reconstruction Bonds 701,553 2024A G.O. Equipment Certificate 444,834 2024A G.O. Street Reconstruction Bonds 995,355 Total Debt Service 4,905,158 Other Levies Capital Projects Levy Capital Equipment/Project 525,000 Facility Maintenance Reserve 355,000 Parks Projects 15,000 Road & Bridge 2,400,000 Pedestrian Trail Maintenance 117,165 Lower Rum River Watershed 40,000 Total Other 3,452,165 Gross City Levy 21,250,914$ CITY OF ANDOVER, MINNESOTA 2026 Property Tax Levy 23 STATE OF MINNESOTA) COUNTY OF ANOKA ) CITY OF ANDOVER ) I, the undersigned, being the duly qualified and acting City Clerk of the City of Andover, Minnesota, do hereby certify that I have carefully compared the attached Resolution No. R145-25 adopting the City of Andover 2026 Budget and 2026 Property Tax Levy with the original record thereof preserved in my office, and have found the same to be true and correct transcript of the whole thereof. IN TESTIMONY WHEREOF, I have hereunto subscribed my hand this 2nd day of December 2025. Michelle Hartner – City Clerk 24 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 and businesses 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 CITIZENS AND BUSINESSES AS OUR CUSTOMER The City of Andover believes that the citizens and businesses are its customers 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. 6. PRIORITIZING PEOPLE The City of Andover believes that talented and well-supported officials and employees operating in a strong organizational culture provides stability, creativity, and excellence in delivery of service. 7. MAINTAINING ORGANIZATIONAL FLEXIBILITY AND ADAPTABILITY The City of Andover believes that organizational flexibility and adaptability are key to meeting the changing needs of the community. Highest Priority External Values Goal #1 Establish and maintain a common community identity. Goal #2 Provide city services that are accessible and lead to a healthy community. Goal #3 Be a desirable place to live. 25 Goal #4 Enhance communication with the public and support processes that involve citizen engagement. Goal #5 Develop and update the City’s capital improvement program. Goal #6 Broaden and preserve the City’s tax base. Goal #7 Balance and prioritize provision of city services with available resources. Goal #8 Respect the environment. Budget Development Process The Budget Process Andover City ordinance 216, Section 2., Major Areas of Accountability requires the City Administrator to submit an annual budget to the City Council, which accurately reflects the financial needs of the City organization. Additionally, state law requires that the City Council approve a preliminary budget and certify a proposed levy to the Anoka County Property Records and Taxation Division by September 30th. Beginning in levy year 2002, the State of Minnesota is allowing certain governmental units exemption from the public hearing and publication requirement if its total proposed property tax levy does not exceed its previous year final property tax levy by more than the percentage increase in the implicit price deflator. The City of Andover did not fall under this exemption and held a meeting pertaining to the 2026 Proposed Operating Budget and Proposed Tax Levy on Tuesday, September 2, 2025 at 7:00 p.m. in the City Council Chambers. The date was advertised in the September City Newsletter, on public TV, and in the local paper. Final City Council action adopting the City Budget and Property Tax Levy occurred on December 2, 2025. The adopted 2026 City Levy was also submitted to Anoka County and the Minnesota Department of Revenue by December 29, 2025. The budget is prepared on an annual basis, and follows the calendar year, January 1st to December 31st. Policies are set by the City Council in one of two ways: 1) Policies are initiated by actions of the City Council at its regular council meetings through adoption of ordinances, resolutions, or motions. 2) Policies are also initiated, studied, and reviewed at special work sessions called for that purpose. The City Administrator and City staff address the Council’s concerns in the preparation of the budget and evaluate the financial costs of the implementation of these policies and include them in the budget where economically feasible. In summary, policy issues are identified by the City Council, evaluated, and costed out by the Administrator and management team, and returned to Council for appropriations if necessary. If no appropriation is necessary, the new policy is implemented as soon as practical by the Administrator. Each activity manager is given a monthly financial report of expenditures compared to the adopted budget. Expenditures related to City activities may not exceed appropriations without approval of the City Council. 26 Below is the 2026 Budget Development Calendar used to facilitate the necessary discussions and timelines between staff and City Council. Date Activity Responsibility March 25, 2025 Council Workshop to discuss budget guidelines.City Council / Staff May 27, 2025 Council budget progress report distributed and Council budget discussion.Council / Staff July 10 – 11, 2025 2026 Budget Decision packages prioritized and finalized.Admin / Mgmt Team July 22, 2025 Council budget progress distributed. Receives 2026 Proposed Budget.City Council / Staff August 26, 2025 City Council follow-up workshop for review of 2026 Proposed Budget. City Council / Staff August 26, 2025 City Council preview of Proposed 2026 Tax Levy Presentation.City Council / Staff September 1, 2025 State Department of Revenue (DOR) to certify levy limits for 2026.DOR September 2, 2025 (Req.)City to adopt proposed 2026 tax levy and select public hearing dates.City Council September 23, 2025 City Council Budget discussion – focus on Special Revenue Funds, Debt Service Funds, Capital Projects Funds, Emterprise Funds & Internal Service Funds. City Council / Staff September 30, 2025 (Req.)Proposed 2026 tax levy must be certified to County.Finance September 30, 2025 (Req.)City to file proposed 2026 special levies with DOR Finance / DOR October 28, 2025 City Council Budget discussion – focus on DSF & CPF.City Council / Staff November 1 – 11, 2025*County Auditor to mail parcel specific notices.County November 25, 2025 City Council preview of Public Hearing.City Council / Staff December 1 - 13, 2025* (Req.)City conducts Public Hearing during this time frame. City Council December 2, 2025 City of Andover Public hearing on 2026 Tax Levy and Operating Budget.City Council December 2, 2025 City Council adopts 2026 Tax Levy and Operating Budget.City Council December 29, 2025* (Req.)Deadline for staff to certify 2026 tax levy to State and County.Finance CITY OF ANDOVER 2026 Budget Development Calendar 27 Budgeting for City Operations The City is required to account for revenues and expenditures in accordance with generally accepted accounting principles. Because fund accounting is required for financial reporting, the appropriation budgets are organized and presented in like manner. The summary information section presents a summary of revenues and expenditures of each fund. A brief description of each fund type can be found at the beginning of each section. Basis of Accounting and Budgeting The financial reporting and budgeting systems of the City are organized on a fund basis. A fund is a fiscal and accounting entity with a self-balancing set of accounts. All funds in the budget were prepared using the following basis of accounting, which is consistent with the accounting methods used for financial reporting. Government Funds: All governmental funds are maintained on a modified accrual basis with revenues recognized in the accounting period in which they become available and measurable. Expenditures are recognized in the accounting period in which the fund liability is incurred, except for principal and interest payments on long-term debt and capital expenditures which are recognized as expenditures when due. Governmental funds include the General Fund, Special Revenue Funds, Debt Service Funds, and Capital Projects Funds. The City of Andover adopts a budget for every governmental fund. Proprietary Funds: Proprietary funds are maintained on an accrual basis. Revenues are recognized in the accounting period in which they are earned and expenses are recognized in the period in which the liability is incurred. For accounting purposes, the payment of principal on long-term debt and the purchase of capital assets is reflected on the balance sheet as it is reflecting bonds payable and capital assets with an outflow of cash. Interest on long- term debt in these funds is reflected in the expenses for the period that the payments are covering. Capital items are depreciated over their useful life with the depreciation amounts included in the expenses. For budgeting purposes, the payment of principal and interest on long-term debt and the purchase of capital assets in the proprietary funds is reflected in the budgeted expenses as an outflow of resources to assist in the analysis of these funds when analyzing rate structures. Proprietary funds include Enterprise Funds and Internal Service Funds. The City of Andover currently has three enterprise funds and two internal service funds. The City of Andover has adopted the following accounting, auditing and financial reporting policy: Accounting, Auditing and Financial Reporting Policy 1. The City of Andover will establish and maintain a high standard of accounting practices. Accounting standards will conform to Generally Accepted Accounting Principles (GAAP) as outlined by the Governmental Accounting Standards Board (GASB). 2. At the end of each fiscal year, a Certified Public Accounting firm that will include issuing a financial opinion will conduct an audit of the City records and a management and compliance report on internal controls. 3. The City of Andover will maintain a strong internal audit function. 4. The City will maintain a fixed asset system to identify and protect all City assets. 5. The Finance Department will prepare monthly financial reports for internal management purposes. 28 6. The City Council delegates the authority to assign fund balance, as required for prudent fiscal management, to the City Administrator and Finance Director. When both restricted and unrestricted resources are available for use, it is the City’s policy to first use restricted resources, and then use unrestricted resources as they are needed. When unrestricted resources are available for use, it is the City’s policy to use resources in the following order: 1) committed, 2) assigned, 3) unassigned. 7. Annually, the Finance Department will prepare an annual comprehensive financial report. This report shall be made available to the elected officials, city management, bond-rating agencies, and the general public. 8. The City will annually submit its annual comprehensive financial report to the Government Finance Officers Association (GFOA) to determine its eligibility to receive the GFOA's Certificate of Achievement for Excellence in Financial Reporting. Budget Monitoring and Amendments The Andover Financial Policies identifies an Operating Budget Policy which includes the process for monitoring and amending the budget, fund balance considerations and the capital improvement budget coordination, that policy is as follows: Operating Budget Policy 1. The formal budgeting process provides the primary mechanism by which key decisions are made regarding the levels and types of services to be provided, given the anticipated level of available resources. A. The City will attempt to maintain its present service level for priority and essential services subject to available revenues. New services will be considered for funding within available resources. B. The City of Andover will utilize a "bottom-up" resource allocation approach. Each department will have an opportunity to request personnel, goods, capital items and services needed to carry out its responsibilities in a timely manner. C. The resources to fund the budget will include all revenues reasonably anticipated from all sources and the unrestricted unassigned fund balance estimate to be carried forward at the beginning of the fiscal year. D. The City enterprise operations are to be self-supporting, including capital improvements and depreciation. Enterprise operations are to be reviewed annually for self-sufficiency. E. The City will utilize procedures that allow departments to integrate priorities and objectives into the budget requests. 2. The operating budget, authorizing expenditure of City monies, will be adopted annually by the City Council at the department level. Expenditures may not exceed the total for any department, within a fund, without the City Council’s approval. The authority to make changes to the adopted City Budget during the operating year is as follows: A. City Council approval is required for all budget adjustments or transfers that will increase the department’s adopted expenditure budget, or adjustments that are made to facilitate a department restructuring. 29 B. City Council approval is required for any budget adjustment that exceeds either $10,000 or 5% of a department’s expenditure budget, except that adjustments under $10,000 may be approved as provided in C. & D. below. C. City Administrator’s, or their designee when unavailable, approval is required for all budget adjustments or transfers made to personal services or capital outlay under $10,000 on a one-time basis. D. Budget adjustments and transfers among expenditure accounts may be authorized during the fiscal year by the City Administrator and the Finance Director if there is no effect on the department’s gross expenditure budget and the adjustment is not to employee compensation. E. Under no circumstances should budget adjustments be split to avoid approval limits. 3. The City will budget to maintain fund balances at adequate levels to ensure that sufficient resources are available for current and future expenditures, whether planned or unforeseen. A. The City will budget to maintain an unassigned fund balance for each operating fund, to support operations until current tax revenues are received. Based upon the semi-annual collection of local taxes, each operating fund, relying on property tax related revenues, should maintain an unassigned fund balance at year-end necessary for approximately 6 months of the subsequent year’s operation. B. The City will budget to maintain an unassigned fund balance available for contingencies of between 1 percent and 3 percent of budgeted expenditures for each operating fund in order to finance unforeseen items and events that occur during the course of the year. It is not necessary for each fund to hold its own contingency. The General Fund may hold contingencies for other funds when appropriate. C. All unencumbered appropriations and encumbered purchases less than $1,000 lapse at year-end. However, the appropriation authority for all major capital projects and capital assets carries forward automatically to the subsequent year. Appropriations for encumbered purchases in excess of $1,000, which are not budgeted in the ensuing year, may be transferred to the subsequent year with the approval of the City Administrator and Finance Director. The current year appropriation is reduced and the subsequent year appropriation is increased. 4. The City will maintain a budgetary control system to ensure adherence to the budget and will prepare regular reports, which compare actual revenues, and expenditures to budgeted amounts. 5. The City will coordinate development of the Capital Improvement Budget with the development of the annual operating budget. Each capital improvement project is reviewed for its impact on the operating budget in terms of revenue generation, additional personnel required and additional operating expenses. 6. The capitalization threshold for assets of the City of Andover, as defined in the Fixed Asset Policy, applies to all budgets and purchases associated with the Capital Expenditure series of accounts. 7. Annually, the Finance Department will prepare an Annual Operating Budget report. This report will be made available to elected officials, City management, bond-rating agencies, and general public. 30 Determination of Revenue Estimates The Finance Department is responsible for compiling all revenue estimates contained in the budget. Estimates are arrived by studying relevant revenue history along with economic trends and indices when available. Discussion regarding specific revenue sources can be found in the summary information section of the budget. The Andover Financial Policies identifies a Revenue Policy that outlines the City’s revenue philosophy and that policy is as follows: Revenue Policy 1. The City will attempt to maintain a diversified and stable revenue system to shelter it from short-run fluctuations in any single revenue source. The revenue mix should combine elastic and inelastic revenue sources to minimize the effect of economic downturns. 2. The City will follow an aggressive policy of collecting revenues. 3. The City will periodically review fees and charges in order to keep pace with the cost of providing the service or that percentage of the total cost deemed appropriate by the City, and will conduct a public hearing or adopt an ordinance, as required by law, prior to setting fees or charges. 4. The City will consider market rates and charges levied by other public and private organizations for similar services in establishing tax fees and charges. 5. The City will allocate Citywide revenues to funds, which provide services to the entire City. 6. All revenues, reasonably expected to be unexpended and unencumbered at the end of the year, will be anticipated as "available fund balance" in the budget of the following year. 7. The City will attempt to invest all cash holdings in accordance with the cash and investment policy and maximize those holdings with an effective payment policy. Capital Improvement Program Andover’s Capital Improvement Program is intended to provide the City Council and staff with a process for identifying and prioritizing capital projects in order to coordinate the financing and timing of improvements, which maximizes the return to the public. The process will enable the City to evaluate long- term cost and benefits of projects being adopted for the coming year (2026) against those projects planned between 2027 and 2030. The Capital Improvement Program follows the following policy: Capital Improvement Policy 1. A Capital Improvements Plan (CIP) will be developed for a period of five years. As resources are available, the most current year of the CIP will be incorporated into the current year operating budget as the Capital Improvements Budget (CIB). The CIP will be reviewed and updated annually. Years two through five are for planning purposes only. 2. The City will maintain its physical assets in a manner, adequate to protect the City's capital investment and to minimize future maintenance and replacement costs. The City will provide for maintenance and replacement from current revenues where possible. 31 3. To be considered in the Capital Improvements Program, a project must have an estimated cost of at least $5,000 in one of the calendar years of the project. Projects may not be combined to meet the minimum standard unless they are dependent upon each other. Items that are operating expense (such as maintenance agreements, personal computer software upgrades, etc.) will not be considered within the CIP. 4. Capital projects, which duplicate other public and/or private service, will not be considered. 5. The City will identify the estimated costs and potential funding sources for each capital project prior to inclusion in the CIP. The operating costs to maintain capital projects shall be considered prior to the decision to undertake the capital projects. 6. Capital projects and/or capital asset purchases will receive a higher priority if they meet a majority of the following criteria: A. Mandatory project B. Maintenance project (approved replacement schedules) C. Improve efficiency D. Provide a new service E. Policy area project F. Broad extent of usage G. Length of expected useful life H. Positive effect on operation and maintenance costs I. Availability of county/state/federal grants J. Elimination of hazards (improves public safety) K. Prior commitments L. Replacement due to disaster or loss 7. The CIP is to be presented by the City Administrator and Management Team annually to the City Council for approval. Any substantive change to the CIP after approval must be approved by the City Council. Debt Administration The City of Andover has adopted the following Debt Policy: 1. The following Debt Policy should be used to provide guidelines for debt decisions. There are no absolute rules or formulas in determining the level of City debt. Each situation requires a thorough review of the City's debt position, financial health and economic forecast. The limitations of this policy refer to City of Andover debt only (excludes EDA and HRA). 2. The City will maintain good communications with bond rating agencies and will try to improve or maintain its current AA+ bond rating so that the City's borrowing costs are minimized and access to credit is preserved. 3. The City will not use short-term borrowing to finance operating needs except in the case of an extreme financial emergency beyond the City's control or reasonable ability to forecast. 4. The City may use long-term debt financing when all of the following conditions exist: 32 A. When non-recurring capital improvements are desired, and B. When it can be determined that present and future citizens will receive a benefit from the improvement, and C. When the cost benefit of the improvement, including interest cost, is positive. 5. The issuance of long-term debt is limited to capital improvements or projects that cannot be financed from current revenues or resources. For purposes of this policy, current resources are defined as that portion of fund balance in excess of appropriate required reserves and designations. The City of Andover will not pledge indebtedness to outside agency financing, unless the benefit is for City of Andover residents. 6. The City of Andover will limit the amount of total net general obligation debt to no more than 3% of the estimated market value. (Minnesota Statutes limit on debt is 3% of the estimated market value). 7. The payback period of the bonds or notes will not exceed the estimated useful life of the capital asset constructed or purchased. 8. The City will conservatively project the revenue sources utilized to repay the debt (i.e., taxes for G.O. debt are levied at 105% of the required debt service). 9. Capital notes and leases may be used to finance equipment purchases anytime the total cost of the purchase exceeds $10,000, the useful life of the equipment is greater than five years, the financing rate is less than or equal to the current and projected investment rates, or the purchase is of a non-recurring nature (copy machines and information technology equipment). 10. The City will follow a policy of full disclosure on every Comprehensive Annual Financial Report and official statement. Investment Policy The City of Andover has adopted the following Investment Policy: 1. Scope – this policy applies to the investments of all financial assets of the City of Andover except investments of employees’ investment retirement funds. 2. General Objectives – the primary objectives, in priority order, of investment activities shall be safety, liquidity and yield: A. Safety. Safety of principal is the foremost objective of the investment program. Investments shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. B. Liquidity. The investment portfolio shall remain sufficiently liquid to meet all operating requirements that may be reasonably anticipated. C. Yield. The investment portfolio shall be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles, taking into account the investment risk constraints and liquidity. 3. Standard of Care A. Prudence. The standard of prudence, meaning not for speculation and with consideration of the probable safety of the capital as well as the probable investment returns, shall be used by investment officials. B. Ethics and Conflicts of Interest. Employees involved in the investment process shall have no personal business activity that could conflict with the proper execution and management of the investment program or could impair their ability to make impartial decisions. 33 C. Delegation of Authority. Authority to manage the investment program is granted to the Finance Director who shall act in accordance with established written procedures and internal controls for the operation of the investment program consistent with this investment policy and applicable state statutes. 4. Safekeeping and Custody A. Authorized Financial Dealers and Institutions. A list will be maintained of financial institutions authorized to provide investment services. B. Internal Controls. The Finance Director is responsible for establishing and maintaining an internal control structure designed to ensure that the assets of the City are protected from loss, theft or misuse. C. Delivery vs. Payment. All trades, where applicable, will be executed by delivery vs. payment (DVP) to ensure that securities are deposited in an eligible financial institution prior to the release of funds. 5. Suitable and Authorized Investments A. Investment Types. The following investments will be permitted by this policy and are those defined by state and local where applicable: • U.S. government obligations, U.S. government agency obligations and U.S. government instrumentality obligations which have a liquid market with a readily determinable market value; • Certificates of deposit and other evidences of deposit at financial institutions, bankers’ acceptances, and commercial paper, rated in the highest tier (e.g., A-1, P-1, or F-1, or higher) by a nationally recognized rating agency; • Investment-grade obligations of state, local governments and public authorities; • Repurchase agreements whose underlying purchased securities consist of the investment types listed above. • Money market mutual funds regulated by the Securities and Exchange Commission and whose portfolios consist only of dollar- denominated securities; and • Local government investment pools, either state-administered or through joint powers statutes and other intergovernmental agreement legislation. B. Collateralization. Full collateralization will be required on non-negotiable certificates of deposit. C. Repurchase Agreements. Repurchase agreements shall be consistent with GFOA Recommended Practices on Repurchase agreements. 6. Investment Parameters A. Diversification. Investments shall be diversified by security type and institution. B. Maximum Maturities. To the extent possible, the City shall attempt to match its investments with anticipated cash flow requirements. Unless matched to a specific cash flow, the City will not directly invest in securities maturing, or having average lives, of more that five years from the date of purchase. 7. Reporting A. Methods. The Finance Director shall prepare an investment report, including a management summary that provides an analysis of the status of the current investment portfolio and transactions made quarterly. B. Performance Standards. The investment portfolio will be managed in accordance with the parameters specified within this policy. C. Marking to Market. The market value of the portfolio shall be calculated at least quarterly. 34 8. Policy Considerations A. Exemption. Any investment currently held that does not meet the guidelines of this policy (originally adopted April 6, 1999) shall be exempted from the requirements of the policy. B. Amendments. This policy shall be reviewed as needed or requested by City Council. Distribution of Budget Information Copies of the proposed budget are typically available to the general public beginning the second week in August in the offices of the City Administrator and Finance Director. Notices of the public hearings are published in the City’s official newspaper, the Anoka County Union, along with notices posted on public bulletin boards. Citizens are invited to provide written or oral comments at the public hearings. The County Property Records and Taxation Division is required to notify each property owner of the impact of the proposed tax levy upon each individual parcel of property along with the final budget hearing dates. 35 Revenue Projections As mentioned earlier, the Finance Department is responsible for compiling all revenue estimates contained in the budget. Estimates are determined by studying relevant revenue history along with economic trends and indices when available. $0.00 $5.00 $10.00 $15.00 $20.00 $25.00 Prop Taxes Charges for Svc Tax Increments Invest. Income Intergov'l Rev Spec Assess Misc Rev Millions City of Andover Major Revenue Sources Comparison 2026 Budget 2025 Est 2024 Actual 2023 Actual Prop Taxes 41% Charges for Svc 23% Tax Increments 0% Invest. Income 2% Intergov'l Rev 22% Spec Assess 7% Misc Rev 5% City of Andover 2026 Revenue by Source Following are individual graphs of the major revenue sources over the last few years. Included are brief descriptions of each source and explanations of any variances over the same time period. 36 Revenue Projections – Property Tax & Charges for Services $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 2020 Actual 2021 Actual 2022 Actual 2023 Actual 2024 Actual 2025 Estimate 2026 Budget Property Tax Charges for Services General Property Taxes Property taxes serve as a foundational revenue source for the General, Special Revenue, Debt Service, and Capital Projects Funds. Primarily utilized within the General Fund, the levy is adjusted based on expenditure requirements and Council directives. For the 2026 budget, the City remains committed to a tax rate that balances long-term competitiveness and staffing needs with infrastructure requirements. In response to rising market values and economic concerns, the Council has established a 4.15% levy increase over 2025. This adjustment targets four key areas: inflationary pressures, capital replacement, street improvement funding, and staff retention. As the City approaches full build-out, steady development and a growing tax base are expected to help offset future operational costs. Charges for Services The City generates service charges across multiple funds to support growth and maintain infrastructure. In the General and Special Revenue Funds, fees are primarily tied to development services and recreational facility rentals. Internal Service Funds manage the costs of equipment maintenance and insurance. The most significant growth is seen in the Enterprise Funds, where water, sewer, and storm water rates are adjusted annually based on professional rate studies and federal mandates. These adjustments are necessary to keep pace with the rising costs of utility delivery as the City continues its expansion through 2026. 37 Revenue Projections – Tax Increments and Intergovernmental Revenue $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 2020 Actual 2021 Actual 2022 Actual 2023 Actual 2024 Actual 2025 Estimate 2026 Budget Tax Increments Intergovernmental Revenue Tax Increments The City utilizes Tax Increment Financing (TIF) to fund redevelopment and service debt on related bonds. These funds are managed through the Capital Projects Funds and are reviewed annually against the City's long-term capital goals. With the final existing district scheduled for decertification in early 2026, the City is entering a new phase of development. Future TIF districts will be created sparingly, reserved for projects that satisfy the "but/for" requirement—demonstrating that the development would not occur without City assistance—and clearly advance municipal objectives. Intergovernmental Intergovernmental revenues are distributed across the General, Special Revenue, Debt Service, and Capital Projects Funds. These funds consist of recurring state aid—such as State Highway, Police, and Fire aid—as well as competitive grants from federal, state, and local agencies (e.g., CDBG and DNR grants). The City continues to leverage state partnerships for critical utility work. Following a $6.1 million water main project in 2024, the 2026 Budget includes $8 million from the MPCA and the State of Minnesota. This funding is dedicated to connecting properties in the Red Oaks Monitoring area to municipal water to address private well contamination. The City previously utilized Municipal State Aid (MSA) advances for construction, with remaining allotments carried forward for eligible projects. Notable past allocations include $2.46 million from the CARES Act (2020) and $3.5 million from the American Rescue Plan Act (2022–2024). Because intergovernmental revenue often relies on one-time state or federal allocations, it remains a variable funding source rather than a consistent year-over- year revenue stream. 38 Revenue Projections – Investment Income and Special Assessments -$2,000,000 -$1,000,000 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 2020 Actual 2021 Actual 2022 Actual 2023 Actual 2024 Actual 2025 Estimate 2026 Budget Investment Income Special Assessments Investment Income Investment income, generated from interest earned on City holdings, is distributed across all funds based on their respective average cash balances. This revenue stream is primarily driven by two factors: prevailing interest rates and the total cash available for investment. While the City experienced market-value losses in 2021 and 2022 ($89,313 and $1,425,523, respectively) due to low interest rates and year-end market adjustments, a rebound occurred in 2023 as rates stabilized at higher levels. Such fluctuations are standard in municipal accounting; unrealized gains and losses often become more pronounced during periods of rapid interest rate volatility, but they typically stabilize over the long term. Special Assessments Special assessments serve as a critical revenue stream for the Debt Service and Capital Projects Funds. These funds are dedicated to retiring bonds for capital improvements and reimbursing the City’s Capital Projects Funds for projects financed internally. The 2026 budget projections are derived from established assessment payment schedules and an analysis of current residential development within the City of Andover. Revenue from this source is naturally variable; as it is influenced by the scope and cost of street reconstructions determine the total amount assessable to benefiting properties and fluctuates based on when property owners fulfill their assessment obligations. The City continues to manage long-term infrastructure debt through strategic bonding. Following the late 2021 bond issuance for 2022–2023 projects, the City issued a second round of street reconstruction bonds in late 2024. These funds support projects through 2026, with a portion of the costs being recovered via assessments on benefiting properties. 39 Revenue Projections – Miscellaneous Revenue $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 2020 Actual 2021 Actual 2022 Actual 2023 Actual 2024 Actual 2025 Estimate 2026 Budget License & Permits Fines User Charges Miscellaneous Revenue Miscellaneous Revenues Licenses and Permits: Exclusive to the General Fund, these revenues are dictated by City-determined license rates, state-regulated fees, and the Uniform Building Code. The 2026 projections are based on an estimate of 60 new single-family residential homes, each calculated at a building valuation of $300,000. Fines: Fines are a General Fund revenue source collected via the State Court System. These funds are remitted to the City on a monthly basis and typically remain stable with minimal year-over-year fluctuation. User Charges: Located within the Capital Projects Funds, user charges are fees triggered by development agreements during the initiation of new residential or commercial construction. While previous years saw significant spikes from large-scale projects—such as a 150-unit apartment complex in 2022 and a 175-unit senior facility in 2025—the 2026 budget reflects a return to standard levels aligned with projected development activity. Miscellaneous Revenue: This category captures unique revenue streams that do not fit standard classifications. Key components include: • YMCA Lease & Reimbursements: A $635,000 annual payment (part of a 30-year agreement), plus reimbursements for natural gas and common space maintenance. • Wireless Infrastructure: Rental fees collected for the placement of wireless antennas on City property. 40 Revenues:$16,182,461 Revenues:$2,772,068 Revenues:$5,573,458 Revenues:$19,431,872 Revenues:$7,507,635 Revenues:$2,076,528 Expenditures:$16,724,671 Expenditures:$2,948,490 Expenditures:$5,404,485 Expenditures:$27,050,927 Expenditures:$7,216,095 Expenditures:$2,069,810 - General Government - EDA - G.O. CIP Bonds - Water Trunk - Sewer Fund - Central Equipment / Maint. - Drainage & Mapping - G.O. Street Recon Bonds - Sewer Trunk - Public Safety - LRRWMO - G.O. Equip Certificates - Road & Bridge - Water Fund - Risk Management - Forestry - G.O. Referendum Bonds - Trail & Transportation - Public Works - ROW Mgmt / Utility - G.O. Abatement Bonds - Cap Equip Reserve - Storm Sewer Fund - Construction Seal Coating - Tax Increment - Other - Community Center - Park Dedication - Local Affordable Housing Aid - PIR Projects - Charitable Gambling - Building - CARES Act / ARPA Funding - CIP / Street Recon Bond Projects - Equipment Certificates Fund Definitions General Fund - accounts for the revenues and expenditures necessary to carry out basic governmental activities of the City such as general government, public safety, public works, and other. Special Revenue Funds - accounts for revenue sources that finance particular functions and projects. Debt Service Funds - accounts for the accumulation of resources for, and the payment of general long-term debt. Capital Projects Funds - accounts for the acquisition or construction of major capital facilities financed mainly with governmental fund sources, general obligation debt, special assessments, and other. Enterprise Funds - accounts for activities that consist of rendering services or providing goods to the public for which a fee or charge is collected. Internal Service Funds - accounts for goods and services that are provided to other City departments, or to other governments, on a cost reimbursement basis. Enterprise Funds Internal Service FundsGeneral Fund Special Revenue Funds Debt Service Funds Capital Projects Funds Governmental Funds Proprietary Funds CITY OF ANDOVER City of Andover - Budgeted Funds 2026 Budget Summary By Fund Type Total Revenues: $53,544,022 Total Expenditures: $61,414,478 41 Actual Adopted Estimate Budget 2024 2025 2025 2026 Fund Balance/Net Assets, January 1 70,586,319$ 81,191,775$ 81,191,775$ 78,971,509$ Revenues & Other Sources General 15,713,865 15,218,547 15,554,860 16,182,461 Special Revenue 4,269,128 2,517,718 3,112,629 2,772,068 Debt Service 4,809,024 5,735,441 5,755,941 5,573,458 Capital Projects 25,132,103 12,523,306 16,888,765 19,431,872 Enterprise 8,153,051 7,007,532 7,351,713 7,507,635 Internal Service 1,977,344 1,969,601 1,994,973 2,076,528 Total Revenues & Other Sources:60,054,515 44,972,145 50,658,881 53,544,022 Total Available:130,640,834 126,163,920 131,850,656 132,515,531 Expenditures & Other Uses General 14,047,240 15,718,155 16,719,322 16,724,671 Special Revenue 3,680,520 3,634,168 3,603,045 2,948,490 Debt Service 4,927,375 4,220,262 4,295,058 5,404,485 Capital Projects 18,395,153 19,266,214 18,011,988 27,050,927 Enterprise 6,758,851 6,835,691 8,327,103 7,216,095 Internal Service 1,639,920 1,919,851 1,922,631 2,069,810 Total Expenditures & Other Uses:49,449,059 51,594,341 52,879,147 61,414,478 Fund Balance/Net Assets, December 31 81,191,775$ 74,569,579$ 78,971,509$ 71,101,053$ Change in Fund Balance 10,605,456$ (6,622,196)$ (2,220,266)$ (7,870,456)$ 15.02%-8.16%-2.73%-9.97% CITY OF ANDOVER 2026 Budget Summary Revenues and Expenditures Fund Summary 42 Actual Budget Estimate Budget 2024 2025 2025 2026 Fund Balance/Net Assets, January 1 70,586,319$ 81,191,775$ 81,191,775$ 78,971,509$ Revenues General Property Taxes 18,018,721 20,449,084 20,449,084 21,295,914 Tax Increments 155,822 70,000 101,500 - Special Assessments 1,087,685 2,187,000 1,717,400 3,737,400 Licenses and Permits 873,585 668,850 721,650 768,300 Intergovernmental 9,144,214 6,717,278 6,879,857 11,244,258 Charges for Services 12,033,539 11,087,369 11,553,576 11,752,268 Fines 81,143 50,500 55,500 60,500 Investment Income 3,056,000 258,250 1,285,329 1,243,500 User Charges 1,720,592 260,685 3,390,280 270,495 Meters 115,911 13,000 13,000 13,000 Miscellaneous 1,559,525 1,409,268 1,687,596 1,336,068 Total Revenues:47,846,737 43,171,284 47,854,772 51,721,703 Other Financing Sources Operating Transfers In 2,873,232 1,800,861 2,800,861 1,822,319 Bond Proceeds 8,595,000 - - - Proceeds from Sale of Property 28,325 - 3,248 - Total Other Financing Sources:12,207,778 1,800,861 2,804,109 1,822,319 Total Revenues and Other Sources:60,054,515 44,972,145 50,658,881 53,544,022 Total Available:130,640,834 126,163,920 131,850,656 132,515,531 Expenditures Personal Services 9,368,102 10,126,202 10,103,382 11,130,606 Supplies and Materials 2,034,798 2,241,681 2,234,751 2,268,306 Purchased Services 5,414,038 5,728,397 5,778,434 6,123,270 Other Services and Charges 16,872,713 21,693,131 21,633,816 18,261,111 Capital Outlay 8,381,754 5,783,807 6,032,845 16,437,000 Debt Service 4,504,422 4,220,262 4,295,058 5,371,866 Total Operating Expenditures:46,575,827 49,793,480 50,078,286 59,592,159 Other Uses Operating Transfers Out 2,873,232 1,800,861 2,800,861 1,822,319 Total Other Uses:2,873,232 1,800,861 2,800,861 1,822,319 Total Expenditures and Other Uses:49,449,059 51,594,341 52,879,147 61,414,478 Fund Balance/Net Assets, December 31 81,191,775$ 74,569,579$ 78,971,509$ 71,101,053$ Change in Fund Balance 10,605,456$ (6,622,196)$ (2,220,266)$ (7,870,456)$ 15.02%-8.16%-2.73%-9.97% CITY OF ANDOVER 2026 Budget Summary Revenues and Expenditures - All Funds 43 Special Debt Capital Internal General Revenue Service Projects Enterprise Service Total Fund Balance/Net Assets, January 1 12,051,613$ 2,414,476$ 5,161,805$ 44,261,057$ 13,462,957$ 1,619,601$ 78,971,509$ Revenues General Property Taxes 12,783,591 195,000 4,905,158 3,412,165 - - 21,295,914 Tax Increments - - - - - - - Special Assessments - - - 3,737,400 - - 3,737,400 Licenses and Permits 768,300 - - - - - 768,300 Intergovernmental 963,675 267,500 - 10,013,083 - - 11,244,258 Charges for Services 1,111,360 1,395,000 - - 7,184,380 2,061,528 11,752,268 Fines 60,500 - - - - - 60,500 Investment Income 185,000 25,500 23,000 880,000 115,000 15,000 1,243,500 User Charges - - - 270,495 - - 270,495 Meters - - - - 13,000 - 13,000 Miscellaneous 125,000 889,068 - 278,000 44,000 - 1,336,068 Total Revenues:15,997,426 2,772,068 4,928,158 18,591,143 7,356,380 2,076,528 51,721,703 Other Financing Sources Operating Transfers In 185,035 - 645,300 840,729 151,255 - 1,822,319 Bond Proceeds - - - - - - - Total Other Financing Sources:185,035 - 645,300 840,729 151,255 - 1,822,319 Total Revenues and Other Sources:16,182,461 2,772,068 5,573,458 19,431,872 7,507,635 2,076,528 53,544,022 Total Available:28,234,074 5,186,544 10,735,263 63,692,929 20,970,592 3,696,129 132,515,531 Expenditures Personal Services 7,667,284 1,064,605 - - 1,567,536 831,181 11,130,606 Supplies and Materials 958,366 127,620 - - 657,400 524,920 2,268,306 Purchased Services 5,664,565 458,705 - - - - 6,123,270 Other Services and Charges 2,199,456 989,450 - 10,794,672 3,563,824 713,709 18,261,111 Capital Outlay 235,000 - - 15,805,000 397,000 - 16,437,000 Debt Service - - 5,371,866 - - - 5,371,866 Total Operating Expenditures:16,724,671 2,640,380 5,371,866 26,599,672 6,185,760 2,069,810 59,592,159 Other Uses Operating Transfers Out - 308,110 32,619 451,255 1,030,335 - 1,822,319 Total Other Uses:- 308,110 32,619 451,255 1,030,335 - 1,822,319 Total Expenditures and Other Uses:16,724,671 2,948,490 5,404,485 27,050,927 7,216,095 2,069,810 61,414,478 Fund Balance/Net Assets, December 31 11,509,403$ 2,238,054$ 5,330,778$ 36,642,002$ 13,754,497$ 1,626,319$ 71,101,053$ Change in Fund Balance (542,210)$ (176,422)$ 168,973$ (7,619,055)$ 291,540$ 6,718$ (7,870,456)$ -4.50%-7.31%3.27%-17.21%2.17%0.41%-9.97% CITY OF ANDOVER 2026 Budget Summary Revenues and Expenditures by Fund Type 44 2024A G.O. Tax Street Community Road &Increment Reconstruction Other Totals Center Water Trunk Sewer Trunk Bridge Projects Bonds Governmental Governmental General SRF CPF CPF CPF CPF CPF Funds Funds Revenues: General property taxes 12,783,591$ 155,000$ -$ -$ 2,517,165$ -$ -$ 5,840,158$ 21,295,914$ Tax increment collections - - - - - - - - - Licenses and permits 768,300 - - - - - - - 768,300 Intergovernmental 963,675 - 8,000,000 - 1,763,083 - - 517,500 11,244,258 Special assessments - - 5,000 1,020,000 2,710,000 - - 2,400 3,737,400 Charges for services 1,111,360 1,328,000 - - - - - 67,000 2,506,360 Fines 60,500 - - - - - - - 60,500 Investment income 185,000 10,000 175,000 200,000 225,000 - 100,000 218,500 1,113,500 Miscellaneous: Park dedication fees - - - - - - - 131,400 131,400 Connection charges - - 96,490 15,705 - - - - 112,195 Rent - 638,000 - - - - - - 638,000 Other 125,000 201,068 - - - 28,000 - 326,900 680,968 Total revenues 15,997,426 2,332,068 8,276,490 1,235,705 7,215,248 28,000 100,000 7,103,858 42,288,795 Expenditures: Current: General government 4,253,317 - - - - - - 318,900 4,572,217 Public safety 7,549,747 - - - - - - - 7,549,747 Public works 2,623,655 - 50,000 - 5,759,929 - 4,618,071 134,294 13,185,949 Parks and recreation 1,707,488 2,093,900 - - - - - 35,000 3,836,388 Recycling 258,864 - - - - - - - 258,864 Economic development - - - - - 66,672 - 358,286 424,958 Unallocated 96,600 - - - - - - - 96,600 Capital outlay: General government - - - - - - - 270,000 270,000 Public safety - - - - - - - 350,000 350,000 Public works - - 8,075,000 3,995,000 - - - 2,050,000 14,120,000 Parks and recreation 235,000 - - - - - - 1,065,000 1,300,000 Debt service: Principal retirement - - - - - - - 4,005,000 4,005,000 Interest - - - - - - - 1,358,466 1,358,466 Paying agent fees - - - - - - - 8,400 8,400 Total expenditures 16,724,671 2,093,900 8,125,000 3,995,000 5,759,929 66,672 4,618,071 9,953,346 51,336,589 Revenues over (under) expenditures (727,245) 238,168 151,490 (2,759,295) 1,455,319 (38,672) (4,518,071) (2,849,488) (9,047,794) Other financing sources (uses): Transfers in 185,035 - 400,000 400,000 8,110 - - 677,919 1,671,064 Transfers out - (300,000) (151,255) - (200,000) - - (140,729) (791,984) Total other financing sources (uses) 185,035 (300,000) 248,745 400,000 (191,890) - - 537,190 879,080 Net increase (decrease) in fund balance (542,210) (61,832) 400,235 (2,359,295) 1,263,429 (38,672) (4,518,071) (2,312,298) (8,168,714) Fund balance - January 1 12,051,613 1,038,123 9,150,145 9,261,862 10,567,001 143,374 4,518,071 17,158,762 63,888,951 Fund balance - December 31 11,509,403$ 976,291$ 9,550,380$ 6,902,567$ 11,830,430$ 104,702$ -$ 14,846,464$ 55,720,237$ CITY OF ANDOVER Governmental Funds - Major Funds Breakdown 45 Actual Actual Actual Budget Estimate Budget 2022 2023 2024 2025 2025 2026 REVENUES Property Taxes 9,974,141$ 10,663,259$ 11,526,021$ 12,188,182$ 12,188,182$ 12,783,591$ License and Permits 972,878 854,738 873,585 668,850 721,650 768,300 Intergovernmental Revenues 963,290 977,028 974,582 911,625 918,218 963,675 Charges for Services 1,295,429 1,447,507 1,391,734 966,910 1,084,990 1,111,360 Fines and Forfeits 55,983 70,683 81,143 50,500 55,500 60,500 Interest Income (189,494)377,355 439,829 100,000 150,000 185,000 Miscellaneous Revenue 188,395 185,646 205,726 155,300 259,140 125,000 Transfers 197,081 228,772 221,246 177,180 177,180 185,035 TOTAL REVENUES 13,457,703$ 14,804,988$ 15,713,866$ 15,218,547$ 15,554,860$ 16,182,461$ CITY OF ANDOVER Revenue Comparison - General Fund -$2.00 $2.00 $6.00 $10.00 $14.00 Transfers Misc. Rev Interest Income Fines & Forfeits Charges for Svcs Intergov'l Rev Licenses & Permits Property Taxes Millions City of Andover 2026 Revenue Comparison -General Fund Budget 2026 Estimate 2025 Actual 2024 Actual 2023 Actual 2022 Transfers 1% Misc. Rev 1%Interest Income 1% Fines & Forfeits 0% Charges for Svcs 7% Intergov'l Rev 6% Licenses & Permits 5% Property Taxes 79% City of Andover 2026 Revenue by Source -General Fund 46 Actual Actual Actual Budget Estimate Budget 2022 2023 2024 2025 2025 2026 EXPENDITURES General Government 3,205,213$ 24%3,291,004$ 25%3,397,231$ 24%4,110,680$ 26%4,137,268$ 25%4,253,317$ 25% Public Safety 5,705,358 44%5,800,627 44%6,386,663 45%6,906,908 44%6,851,042 41%7,549,747 45% Public Works 3,624,481 28%3,904,812 30%4,165,344 30%4,603,967 29%4,634,412 28%4,825,007 29% Other 567,396 4%223,436 2%98,003 1%96,600 1%1,096,600 7%96,600 1% TOTAL EXPENDITURES 13,102,448$ 13,219,879$ 14,047,241$ 15,718,155$ 16,719,322$ 16,724,671$ CITY OF ANDOVER Expenditure Comparison - General Fund $0.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 $8.00 Other Public Works Public Safety General Gov't Millions City of Andover 2026 Expenditure Comparison -General Fund Budget 2026 Estimate 2025 Actual 2024 Actual 2023 Actual 2022 Other1% Public Works 29% Public Safety 45% General Gov't25% City of Andover 2026 Expenditures by Function -General Fund 47 Actual Actual Actual Actual Actual Budget*Estimate Requested* 2020 2021 2022 2023 2024 2025 2025 2026 $% GENERAL GOVERNMENT Mayor and Council 95,519$ 95,658$ 95,366$ 99,860$ 100,675$ 111,874$ 111,874$ 112,049$ 175 0.16% Administration 187,758 229,314 245,222 278,092 261,677 319,666 319,666 316,770 (2,896)-0.91% Newsletter 22,156 22,945 24,631 27,733 29,515 36,000 36,000 36,000 0 0.00% Human Resources 16,181 20,836 19,905 21,172 20,257 99,722 102,922 101,144 1,422 1.43% Attorney 195,721 199,809 206,399 207,922 212,106 227,836 227,836 236,709 8,873 3.89% City Clerk 166,221 175,177 184,318 193,217 209,789 212,760 212,760 216,425 3,665 1.72% Elections 91,643 20,260 75,115 28,002 110,108 92,088 92,088 117,634 25,546 27.74% Finance 294,501 307,009 320,729 335,992 340,890 385,635 385,635 404,253 18,618 4.83% Assessing 154,482 128,829 131,097 136,705 136,094 161,000 161,000 150,000 (11,000)-6.83% Information Services 187,703 185,642 226,588 235,842 242,024 277,824 277,824 255,855 (21,969)-7.91% Planning & Zoning 491,395 490,576 473,193 473,193 467,959 583,871 559,259 618,116 34,245 5.87% Engineering 566,224 594,720 649,664 703,515 727,294 789,877 792,877 870,604 80,727 10.22% Facility Management 475,083 548,666 552,986 549,759 538,843 812,527 857,527 817,758 5,231 0.64% Total General Gov 2,944,587 3,019,441 3,205,213 3,291,004 3,397,231 4,110,680 4,137,268 4,253,317 142,637 3.47% PUBLIC SAFETY Police Protection 3,114,623 3,287,046 3,261,423 3,347,315 3,625,598 3,936,982 3,936,982 4,203,269 266,287 6.76% Fire Protection 1,508,854 1,706,876 1,961,915 1,926,998 2,219,474 2,332,343 2,299,717 2,622,597 290,254 12.44% Protective Inspection 519,183 519,787 464,560 501,561 512,032 586,874 563,634 671,886 85,012 14.49% Emergency Management 17,227 15,203 12,296 19,958 21,927 39,759 39,759 40,495 736 1.85% Animal Control 2,347 3,517 5,164 4,795 7,632 10,950 10,950 11,500 550 5.02% Total Public Safety 5,162,234 5,532,429 5,705,358 5,800,627 6,386,663 6,906,908 6,851,042 7,549,747 642,839 9.31% PUBLIC WORKS Streets and Highways 686,978 804,392 788,330 899,542 1,007,344 1,056,369 1,066,369 1,184,117 127,748 12.09% Snow and Ice Removal 496,668 540,226 752,396 771,857 701,631 925,753 925,753 927,172 1,419 0.15% Street Signs 257,281 196,782 194,276 169,472 215,722 229,960 229,960 240,966 11,006 4.79% Traffic Signals 23,045 33,362 28,150 29,471 44,366 44,000 44,000 44,000 0 0.00% Street Lighting 34,211 36,533 36,142 29,975 35,493 45,400 45,400 45,400 0 0.00% Street Lights - Billed 152,181 156,841 158,028 151,879 151,662 182,000 182,000 182,000 0 0.00% Park & Recreation 1,426,233 1,505,145 1,482,060 1,665,607 1,806,295 1,853,048 1,875,700 1,927,488 74,440 4.02% Natural Resource Preservation 9,821 9,738 15,932 10,946 11,843 17,207 15,000 15,000 (2,207)-12.83% Recycling 228,124 239,607 169,167 176,063 190,988 250,230 250,230 258,864 8,634 3.45% Total Public Works 3,314,542 3,522,626 3,624,481 3,904,812 4,165,344 4,603,967 4,634,412 4,825,007 221,040 4.80% OTHER 1,012,778 766,109 567,396 223,436 98,003 96,600 1,096,600 96,600 0 0.00% Total Other 1,012,778 766,109 567,396 223,436 98,003 96,600 1,096,600 96,600 0 0.00% GRAND TOTAL 12,434,141$ 12,840,605$ 13,102,448$ 13,219,879$ 14,047,241$ 15,718,155$ 16,719,322$ 16,724,671$ 1,006,516 6.40% Change (*) CITY OF ANDOVER General Fund - Expenditure Budget Summary Totals - By Department Budget Year 2026 48 Adopted Annual 2026 2027 2028 2029 2030 2031 Increase REVENUES Property Taxes 12,783,591$ 13,231,017$ 13,694,103$ 14,173,397$ 14,669,466$ 15,182,897$ 3.50% License and Permits 768,300 791,349 815,089 839,542 864,728 890,670 3.00% Intergovernmental Revenues 963,675 992,585 1,022,363 1,053,034 1,084,625 1,117,164 3.00% Charges for Current Services 1,111,360 1,144,701 1,179,042 1,214,413 1,250,845 1,288,370 3.00% Fines and Forfeits 60,500 62,315 64,184 66,110 68,093 70,136 3.00% Interest Income 185,000 190,550 196,267 202,155 208,220 214,467 3.00% Miscellaneous Revenue 125,000 128,750 132,613 136,591 140,689 144,910 3.00% Transfers 185,035 190,586 196,304 202,193 208,259 214,507 3.00% TOTAL REVENUES 16,182,461 16,731,853 17,299,965 17,887,435 18,494,925 19,123,121 EXPENDITURES General Government 4,253,317 4,338,383 4,425,151 4,513,654 4,603,927 4,696,006 2.00% Public Safety 7,549,747 7,776,239 8,009,526 8,249,812 8,497,306 8,752,225 3.00% Public Works 4,825,007 4,945,632 5,069,273 5,196,005 5,325,905 5,459,053 2.50% Other 96,600 98,049 99,520 101,013 102,528 104,066 1.50% TOTAL EXPENDITURES 16,724,671 17,158,303 17,603,470 18,060,484 18,529,666 19,011,350 CHANGE IN FUND BALANCE (542,210)$ (426,450)$ (303,505)$ (173,049)$ (34,741)$ 111,771$ Conclusion: This five year analysis demostrates that revenues will ultimately keep up with expenditures for the General Fund. This is done by utilizing the current revenue streams through modest rate increases,by diversifying the current revenues with additional fees or charges for services,and other items including market value growth as development continues to pick up,the final debt service payment for state aid bonds increasing the amount of state aid money available for construction and maintenance of roadways, capturing debt service expense margins for operations,and the continual frugile management of Department Heads budget implementation directives and expectations. Other issues that impact the City's budget are some rising employee benefit costs and the sheriff's contract. Health insurance premiums were originally projected to go up 35.0%in 2026; but with a rate cap built into the contract, premiums increased by 15%. The sheriff's contract, which represents $4.2m of the total budget in 2026, is reflecting a 6.76% increase. CITY OF ANDOVER General Fund Five Year Financial Projections Projections The above analysis reflects a conservative view of current City revenues sources and the Department Heads estimated costs to carry on current levels of services into the projected years. Staff will monitor and make recommendations as the various years come up for funding. Currently, the General Fund has had reserves to handle any deficits, but efforts are always made to avoid using these reserves. 49 2023 2024 2025 2026 2023 2024 2025 2026 Actual Current Current Budget Actual Actual Current Budget General Fund Special Revenue Funds General Government Community Center 6.21 6.21 6.18 5.82 Administration 1.40 1.29 1.34 1.50 Drainage & Mapping 0.08 0.08 0.08 0.08 Human Resources 0.08 0.08 0.08 0.08 LRRWMO 0.08 0.08 0.08 0.08 City Clerk 1.86 2.13 2.00 1.64 ROW Mgmt / Utility 0.18 0.19 0.19 0.18 Elections 0.20 0.19 0.19 0.25 6.55 6.56 6.53 6.16 Financial Adminstration 2.01 2.00 2.01 2.01 Information Systems 0.91 0.91 0.91 0.66 Enterprise Funds Planning & Zoning 3.28 3.22 3.51 4.00 Water 6.03 5.79 6.06 5.32 Engineering 5.19 5.09 5.24 5.36 Sewer 2.72 3.15 3.40 3.38 Facility Management 0.84 0.85 0.83 0.87 Storm Sewers 2.06 2.10 2.19 2.33 Total General Government 15.77 15.76 16.11 16.37 10.81 11.04 11.65 11.03 Public Safety Internal Service Funds Fire Protection 5.01 5.34 5.36 7.54 Central Equipment 3.50 3.44 3.44 3.39 Protective Inspection 3.74 3.46 3.65 4.28 Risk Mgmt 0.10 0.10 0.10 0.10 Emergency Management 0.05 0.05 0.05 0.05 3.60 3.54 3.54 3.49 Total Public Safety 8.80 8.85 9.06 11.87 Grand Total 64.83 64.39 64.93 67.00 Public Works Streets & Highways 6.23 6.57 5.46 5.99 Snow & Ice 3.28 1.41 2.52 2.25 Street Signs 1.13 1.33 1.26 1.24 Parks & Recreation 7.80 8.43 7.95 7.68 Natural Resource Preservation 0.02 - - - Recycling 0.84 0.90 0.85 0.92 Total Public Works 19.30 18.64 18.04 18.08 Total General Fund 43.87 43.25 43.21 46.32 Note: A majority of employees provide services to various cost centers and are allocated accordingly. 2023 & 2024 are based on actual hours charged to various departments. CITY OF ANDOVER 2026 FTE Summary 50 Building Park & Recreation - Projects Replacement - Permit & Scheduling Software 15,000$ Annual Miscellaneous Projects 25,000$ Annual Park Tree Additions 10,000 Community Center Tom Anderson Trail - Bench Additions 5,000 Replacement - Door Hardware 15,000 Skate Park - Expansion & Improvements 250,000 Replacement - Field House Lighting 75,000 Sunshine Park - West & South Parking Lot Lights 30,000 90,000 Hawkridge Park - Pave Parking Lot 150,000 Oakview Park - Improvements 20,000 Engineering 490,000 New Development Projects 220,000 Pedestrian Trail Maintenance 70,000 Sanitary Sewer New Pedestrian Trail & Sidewalk Segments 1,700,000 Rural Reserve - Area Analysis & Sanitary Sewer 3,850,000 Pedestrian/Park Trail Reconstruction 500,000 Replacement - Locating Equipment 7,000 Replacement - Chevrolet Tahoe #02-16 65,000 3,857,000 2,555,000 Storm Sewer Facility Management Storm Sewer Improvements 74,000 Annual Parking Lot Maintenance / Replacement 45,000 Replacement - Street Sweeper #06-171 370,000 City Hall Remodel 175,000 444,000 Replacement - Salt Shed Roof 30,000 Replacement - Emergency Generator FS #3 50,000 Streets - Equipment Inspection of Switch Gear 15,000 Replacement - Dump Truck w/ Snow Removal #00-198 350,000 Supplemental Heat - PW Wash Bay 55,000 370,000 Streets - Roadways Annual Street Seal Coat Project 160,000 Fire Annual Pavement Markings 100,000 Replacement - Rescue 21 #4819 350,000 Curb, Sidewalk and Ped Ramp Replacement 120,000 Annual Street Reconstruction 5,065,000 Information Technology Street Mill & Overlay 85,000 Replacement - Watchfire Sign CH 80,000 Gravel Road Improvement 23,000 Replacement - SCALE DR Solution 20,000 Intersection Upgrades 1,900,000 100,000 Street Full Depth Reclamation 2,690,000 Pavement Rejuvenator Application 175,000 Park & Recreation - Operations 10,318,000 Replace/Repair Play Structures - Various Parks 200,000 Replace/Repair Major Park Projects - Various Parks 35,000 Water Replacement - One Ton Truck w/ Plow #07-577 110,000 Replacement - Residential Meters 100,000 345,000$ Water Main Gate Valve Rehabilitation 50,000 Security Cameras at Towers and Well Houses 20,000 Replacement - WTP Valve Actuators 95,000 WTP Bachwash Pump Maintenance 120,000 New - WTP Effluent Valve Control 40,000 425,000 Grand Total 19,709,000$ CITY OF ANDOVER 2026 Capital Improvement Plan Projects By Department - Use of Funds 51 Assessments 3,710,000$ Capital Equipment Reserve 975,000 Community Center Operations 90,000 Construction Seal Coating Fund 10,000 Facility Maintenance - Building Fund 370,000 G.O. Bonds 3,798,750 General Fund 500,000 Grant 500,000 Municipal State Aid Funds 1,150,000 Park Dedication Funds 490,000 Road & Bridge Fund 2,719,250 Sanitary Sewer Fund 3,500 Sewer Trunk Fund 2,995,000 Storm Sewer Fund 444,000 Trail Funds 1,450,000 Water Fund 378,500 Water Trunk Fund 125,000 Total 19,709,000$ CITY OF ANDOVER 2026 Capital Improvement Plan Sources of Funds 52 CITY OF ANDOVER, MINNESOTA 2026 ANNUAL BUDGET GENERAL FUND DEFINITION: The General Fund is established to account for the revenues and expenditures necessary to carry out basic governmental activities of the City such as general government, public safety, public works, and park and recreation. Revenue is recorded by source: i.e., general property taxes, licenses and permits, fines, charges for services, etc. General Fund expenditures are made primarily for current day-to-day operations and operating equipment and are recorded by major functional classifications and by operating departments. This fund accounts for all financial transactions not properly accounted for in another fund. 53 This page left blank intentionally. 54 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 11,549,450$ 13,216,075$ 13,216,075$ 12,051,613$ Revenues General Property Taxes 11,526,021 12,188,182 12,188,182 12,783,591 Licenses and Permits 873,585 668,850 721,650 768,300 Intergovernmental 974,582 911,625 918,218 963,675 Charges for Services 1,391,734 966,910 1,084,990 1,111,360 Fines 81,143 50,500 55,500 60,500 Investment Income 439,829 100,000 150,000 185,000 Miscellaneous Revenue 205,725 155,300 259,140 125,000 Total Revenues:15,492,619 15,041,367 15,377,680 15,997,426 Other Sources Transfers In 221,246 177,180 177,180 185,035 Total Revenues and Other Sources:15,713,865 15,218,547 15,554,860 16,182,461 Total Available:27,263,315 28,434,622 28,770,935 28,234,074 Expenditures Personal Services 6,416,476 7,019,657 6,922,472 7,667,284 Supplies and Materials 779,240 940,041 954,241 958,366 Purchased Services 4,600,741 5,365,555 5,427,055 5,664,565 Other Services and Charges 1,872,252 2,157,902 2,157,902 2,199,456 Capital Outlay 284,831 235,000 257,652 235,000 Total Expenditures:13,953,540 15,718,155 15,719,322 16,724,671 Other Uses Transfers Out 93,700 - 1,000,000 - Total Expenditures and Other Uses:14,047,240 15,718,155 16,719,322 16,724,671 Fund Balance, December 31 13,216,075$ 12,716,467$ 12,051,613$ 11,509,403$ Change in Fund Balance 1,666,625$ (499,608)$ (1,164,462)$ (542,210)$ 14%-4%-9%-4% Description City of Andover 2026 Budget - General Fund Statement of Revenues, Expenditures and Changes in Fund Balance 55 Fund: 0101 - General Department: Cost Center: 41100 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 One Mayor and Four Council Members Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services 55,979$ 59,878$ 59,878$ Supplies & Materials 34,278 38,316 38,471 Other Services / Charges 2,524 2,680 2,700 Purchased Services 7,894 11,000 11,000 Process Used TOTAL 100,675$ 111,874$ 112,049$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Council Meetings (Regular)24 24 24 Actual Current Budgeted Special Workshops 16 15 16 Expenditures Per Capita 2024 2025 2026 Agenda Items - Special Workshops 60 92 80 Population - Estimates 32,596 32,796 32,996 EDA Meetings 9 6 8 Monthly 0.26$ 0.28$ 0.28$ Agenda Items - EDA 47 31 35 Annual 3.09$ 3.41$ 3.40$ C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category Mayor & Council City Council A D O P T E D 2 0 2 6 B U D G E T The City Council exercises the legislative power of the City by which all matters of policy are determined, as provided by the form of government. Council exercises budgetary control through the adoption of the annual budget, and approval of claims against the City treasury. The Council also approves capital improvement projects through the adoption of a five year capital improvement plan identifying the City's infrastructure needs. Council appoints various citizen committees to render advice on legislative and city issues. Council members respond to constituent concerns and questions by working with City administration to address community service needs. As provided by statutory authority, Council performs a legislative, regulatory and quasi-judical function. The Council meets regularly to consider ordinances, resolutions, and other such actions as may be required by law and circumstance. Various concerns that are brought before Council for consideration are reviewed and forwarded to staff for an appropriate response. The City Administrator and staff attend meetings to provide information and other forms of support for Council deliberations. No major changes planned for Budgeted 2026. Personal Services Supplies & Materials Other Services / Charges Purchased Services 56 Fund: 0101 - General Department:Administration Cost Center: 41200 Director/Manager:City Administrator Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 1.29 1.34 1.50 Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services 237,418$ 290,554$ 284,720$ Supplies & Materials 6,653 10,400 14,050 Process Used Other Services / Charges 17,606 18,712 18,000 Purchased Services - - - TOTAL 261,677$ 319,666$ 316,770$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Regular Council Agenda Items 373 421 400 Actual Current Budgeted Council Workshops Attended 13 11 11 Expenditures Per Capita 2024 2025 2026 Council Meetings Attended 24 24 24 Population - Estimates 32,596 32,796 32,996 Staff Meetings Held 52 52 52 Monthly 0.67$ 0.81$ 0.80$ Annual 8.03$ 9.75$ 9.60$ C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category A D O P T E D 2 0 2 6 B U D G E T The City Administrator oversees all city operations and activities as directed by the City Council. Primary responsibilities include directing the administration of City affairs; enforcing laws, City ordinances and resolutions as adopted by the governing body. Ensures that services are delivered in a cost-effective, efficient and high quality manner. Oversees the preparation of the Annual City Budget and Capital Improvement Plan for Council adoption. Responsible for keeping Council fully advised as to the financial condition and needs of the organization. Policy goals and direction are translated in to management objectives to be administered and delegated to appropriate City departments for implementation and achievement. Through reporting relationships established by City ordinance, department directors are responsible to the administator for properly managing and overseeing the operations of their departments. A management team consisting of key department directors works with the administrator to resolve issues, review projects and address changing community service dynamics. No significant changes planned for Budgeted 2026. COLA and employee benefit increases continue to impact department expenditures. Personal Services Supplies & Materials Other Services / Charges Purchased Services 57 Fund: 0101 - General Department: Cost Center: 41210 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents N/A N/A N/A Actual Current Budgeted Process Used Service Expenditures 2024 2025 2026 Personal Services -$ -$ -$ Supplies & Materials 17,515 19,000 19,000 Other Services / Charges - - - Purchased Services 12,000 17,000 17,000 TOTAL 29,515$ 36,000$ 36,000$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Number of Meetings Held 6 6 6 Newsletters Published 6 6 6 Actual Current Budgeted Public Circulation 10,890 11,000 11,000 Expenditures Per Capita 2024 2025 2026 Staff Preparation Hours 120 120 120 Population - Estimates 32,596 32,796 32,996 Monthly 0.08$ 0.09$ 0.09$ Annual 0.91$ 1.10$ 1.09$ C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category Newsletter Newsletter Coordinator A D O P T E D 2 0 2 6 B U D G E T The City publishes a newsletter containing articles regarding important municipal service news. Funding for publication is provided through general tax levies and is distributed to every household and business located with Andover's corporate boundaries. The City has an active newsletter committee comprised of Council members, and staff who meet to determine newsletter articles, format and coordinate the development of the newsletter publication. Each issue is reviewed by City departments to ensure accuracy and appropriate content. Starting in late 2017, the newletter is now assembled in-house and contracted out for printing and distribution to all households and businesses. Articles selected for publicatioin are intended to provide the public with timely, newsworthy and customer service oriented information. Each Council member and the City Administrator prepare news articles focusing on significant issues affecting City government. Newsletter setup, printing and postage costs continue to increase. Personal Services Supplies & Materials Other Services / Charges Purchased Services 58 Fund: 0101 - General Department: Cost Center: 41230 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 0.08 0.08 0.08 Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services 9,857$ 11,295$ 12,717$ Supplies & Materials 2,801 4,665 4,665 Other Services / Charges 5,062 5,500 5,500 Purchased Services 2,537 81,462 78,262 TOTAL 20,257$ 102,922$ 101,144$ Process Used Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Actual Current Budgeted Workers Comp Mod Factor 0.8 0.96 1.85 Expenditures Per Capita 2024 2025 2026 Premium change in health insurance -4.00%9.50%15.00%Population - Estimates 32,596 32,796 32,996 Hours spent on labor relations 0 40 10 Monthly 0.05$ 0.26$ 0.26$ Hours spent on benefit administration 100 20 40 Annual 0.62$ 3.14$ 3.07$ Employees hired (Seasonal/FT/PT)15 12 15 C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category Human Resources Human Resources Manager A D O P T E D 2 0 2 6 B U D G E T Personnel activities support the City's human resource needs in the areas of recruitment, selection, development, training and assessment of organizational needs. Employee benefits, compensation administration, enforcement of personnel policies, and compliance with State and Federal employment laws are essential functions of this department. Labor relations activities such as negotiations, contract administration, grievance processing and costing of benefits provide the City with the ability to interpret and manage labor components of providing City services. Conducting and facilitating employee training in the areas of customer service, safety training and programs designed to enhance the productivity and performance of the organization. ACA requirements increase benefits administration. Staff needs are continually reviewed by City departments, and annually appropriated for in the budget process through review and justification factors. Human resources will facilitate this through advertisements, testing and interviews, and processing of new employees. Personnel functions include training, interviewing, record processing and management, benefits, job description development and analysis, pay equity compliance, labor negotiations, drug testing, and ensuring compliance with State and Federal laws. Purchased Services in Current 2025 includes funding for market rate increases for some employees ($75,000). Budget 2026 includes the implementation of new MNPFL and a classification and compensation study. Personal Services Supplies & Materials Other Services / Charges Purchased Services 59 Fund: 0101 - General Department: Cost Center: 41240 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents N/A N/A N/A Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services -$ -$ -$ Supplies & Materials - - - Other Services / Charges - - - Purchased Services 212,106 227,836 236,709 Process Used TOTAL 212,106$ 227,836$ 236,709$ Service Expenditure Highlights Actual Current Budgeted Expenditures Per Capita 2024 2025 2026 Population - Estimates 32,596 32,796 32,996 Monthly 0.54$ 0.58$ 0.60$ Annual 6.51$ 6.95$ 7.17$ C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category Attorney City Administrator A D O P T E D 2 0 2 6 B U D G E T The City Attorney provides City Council and staff with research and support on issues of a legal matter. The City Attorney also serves as the chief prosecuting attorney for the City on offenses committed within the City of Andover. The City Attorney attends council and staff meetings and serves in an advisory capacity to all City departments on matters coming before the City Council. Attorney services are provided to the City through an annual contract with the Hawkins & Baumgartner, P.A. No significant changes planned for Budgeted 2026. A 4% increase in contracted expenditures is included. Personal Services Supplies & Materials Other Services / Charges Purchased Services 60 Fund: 0101 - General Department: Cost Center: 41300 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 2.13 2.00 1.64 Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services 180,042$ 181,474$ 185,125$ Supplies & Materials 1,564 2,250 2,350 Other Services / Charges 28,050 28,836 28,750 Process Used Purchased Services 133 200 200 TOTAL 209,789$ 212,760$ 216,425$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Council packets (hardcopy)309 140 80 Council packets (emailed)1,584 432 0 Licenses Issued 387 335 320 Actual Current Budgeted Assessment Searches 370 281 290 Expenditures Per Capita 2024 2025 2026 False Alarm Letters 0 0 0 Population - Estimates 32,596 32,796 32,996 Monthly 0.54$ 0.54$ 0.55$ Annual 6.44$ 6.49$ 6.56$ C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category City Clerk City Clerk A D O P T E D 2 0 2 6 B U D G E T The City Clerk's office prepares the agenda and materials for council meetings; is responsible for special assessments, elections, homestead filing, licensing of alcohol and tobacco, gargabe haulers, dogs, peddlers, tree trimmers; signs all official papers; is the keeper of the official city records including resolutions, minutes, ordinances, etc. Assists residents by telephone, email and in person. Activities are conducted pursuant to city ordinances, policies and state law. No major changes planned for Budgeted 2026. COLA and employee benefits continue to increase every year. Personal Services Supplies & Materials Other Services / Charges Purchased Services 61 Fund: 0101 - General Department: Cost Center: 41310 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 0.19 0.19 0.25 Process Used Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services 104,063$ 78,288$ 103,334$ Supplies & Materials 833 2,000 2,000 Other Services / Charges - - - Purchased Services 5,212 11,800 12,300 TOTAL 110,108$ 92,088$ 117,634$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Total number of voters 21,133 Non election 20,000 Number of Precincts 10 year 10 Registered voters 23,160 23,160 Actual Current Budgeted Expenditures Per Capita 2024 2025 2026 Population - Estimates 32,596 32,796 32,996 Monthly 0.28$ 0.23$ 0.30$ Annual 3.38$ 2.81$ 3.57$ C I T Y O F A N D O V E R , M I N N E S O T A Elections City Clerk A D O P T E D 2 0 2 6 B U D G E T Service Expenditures By Category Conduct State and General Elections in accordance with State Law. Notify voters of their precincts; administer filings for local offices; proof ballots; post and publish notices; hire sufficient number of judges; arrange for judges' training; notify polling places of elections; conduct public accuracy tests to ensure machine accuracy and conduct absentee voting at city hall. No major changes planned for Budgeted 2026. COLA and employee benefits continue to increase every year. Personal Services Supplies & Materials Other Services / Charges Purchased Services 62 Fund: 0101 - General Department: Cost Center: 41400 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 2.00 2.01 2.01 Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services 273,088$ 301,929$ 318,203$ Process Used Supplies & Materials 8,135 10,750 10,700 Other Services / Charges 32,612 35,956 37,900 Purchased Services 27,055 37,000 37,450 TOTAL 340,890$ 385,635$ 404,253$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Promote use of electronic methods of processing utility payments and payroll: Utility payments made electronically 67%72%75% Payroll checks issued 256 0 250 Payroll - direct deposit 2,828 2,901 2,950 Utility accounts - Storm Water 11,248 11,291 11,350 Utility accounts - Water 7,212 7,380 7,500 Actual Current Budgeted Utility accounts - Sewer 8,058 8,162 8,250 Expenditures Per Capita 2024 2025 2026 Utility accounts - Street Lights 7,909 7,909 7,909 Population - Estimates 32,596 32,796 32,996 Number of delinquent accounts 651 797 700 Monthly 0.87$ 0.98$ 1.02$ Annual 10.46$ 11.76$ 12.25$ C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category Financial Administration Finance Director A D O P T E D 2 0 2 6 B U D G E T This department is responsible for administration of the City's financial affairs. This includes maintaining accounting records for all operations, custody and investment of funds, supervision of revenue collection and disbursements of city monies, administration of debt, payroll function, audit and budget preparation, and the creation of the following annual documents: Annual Consolidated Financial Report, Annual Operating Budget and the Capital Improvement Plan. The financial affairs are conducted in compliance with Federal and State laws, Generally Accepted Accounting Principles and various City policies. No major changes planned for Budgeted 2026. COLA and employee benefits continue to increase every year. Audit fees increase each year. Personal Services Supplies & Materials Other Services / Charges Purchased Services 63 Fund: 0101 - General Department: Cost Center: 41410 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents N/A N/A N/A Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services -$ -$ -$ Process Used Supplies & Materials - - - Other Services / Charges - - - Purchased Services 136,094 161,000 150,000 TOTAL 136,094$ 161,000$ 150,000$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Residential Parcels Assessed 11,122 11,203 11,275 Actual Current Budgeted Commercial Parcels Assessed 167 173 175 Expenditures Per Capita 2024 2025 2026 Apartments Assessed 24 24 24 Population - Estimates 32,596 32,796 32,996 Unimproved Parcels Assessed 543 575 575 Monthly 0.35$ 0.41$ 0.38$ Exempt Parcels 502 503 503 Annual 4.18$ 4.91$ 4.55$ C I T Y O F A N D O V E R , M I N N E S O T A Assessing Finance Director A D O P T E D 2 0 2 6 B U D G E T Service Expenditures By Category This department is responsible for assessment for all real and personal property for valuation purposes. The City contracts with Anoka County for this service. The assessed valuation is determined by inspections of real and personal property within the city. The Assessor follows State statutes and market trends to determine taxable market value. No major changes planned for Budgeted 2026, bringing the budget inline with actual expenditures. Personal Services Supplies & Materials Other Services / Charges Purchased Services 64 Fund: 0101 - General Department: Cost Center: 41420 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 0.91 0.91 0.66 Actual Current Budgeted Process Used Service Expenditures 2024 2025 2026 - City website updated and monitored daily Personal Services 135,372$ 141,174$ 107,955$ - Train employees as needed on new and existing software Supplies & Materials 36,011 51,850 55,850 - Network data backup monitored daily Other Services / Charges 65,562 77,300 84,550 - Maintain phone systems including voice mail and assist in future upgrades Purchased Services 5,079 7,500 7,500 - Maintain all City servers and remote users TOTAL 242,024$ 277,824$ 255,855$ - Research new technology for current and future growth - Purchase new equipment as needed - Maintain SPAM firewall for unauthorized emails - Maintain network security for prevention of unauthorized access Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Number of PC's / Servers 70 74 74 Number of Printers 20 16 16 Number of Phones Maintained 74 85 85 Actual Current Budgeted Expenditures Per Capita 2024 2025 2026 Population - Estimates 32,596 32,796 32,996 Monthly 0.62$ 0.71$ 0.65$ Annual 7.42$ 8.47$ 7.75$ C I T Y O F A N D O V E R , M I N N E S O T A Information Systems City Administrator A D O P T E D 2 0 2 6 B U D G E T Service Expenditures By Category This department is responsible for the continued operations of the City's information technology equipment. The department also provides assistance to computer users to provide timely, accurate and meaningful data for program monitoring and decision- making. In the 2026 budget, IT salaries will be allocated directly to benefiting departments rather than recorded an interdepartmental fee revenue. Personal Services Supplies & Materials Other Services / Charges Purchased Services 65 Fund: 0101 - General Department: Cost Center: 41500 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 3.22 3.51 4.00 Actual Current Budgeted Service Expenditures 2024 2025 2026 Process Used Personal Services 453,272$ 530,011$ 589,188$ Supplies & Materials 2,714 14,800 13,550 Other Services / Charges 4,530 6,150 7,080 Purchased Services 7,443 8,298 8,298 TOTAL 467,959$ 559,259$ 618,116$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Subdivisions Processed 1 8 4 Commercial Site Plans Processed 8 6 2 Conditional Use Permits 8 13 3 Code Amendments 6 4 2 Comp Plan Amendments 2 1 1 Rezonings 0 1 3 Variances 0 4 1 Actual Current Budgeted Lot Splits 1 1 2 Expenditures Per Capita 2024 2025 2026 P&Z Agendas 11 12 16 Population - Estimates 32,596 32,796 32,996 Vac of Easements 6 5 3 Monthly 1.20$ 1.42$ 1.56$ IUP - Interim Use Permit 4 1 2 Annual 14.36$ 17.05$ 18.73$ Abatements 9 8 8 Rental Licenses 137 145 140 Planning and Zoning Community Development Director A D O P T E D 2 0 2 6 B U D G E T C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category Review residential and commercial developments for conformance with City's Comprehesive Plan, Ordinances, and Development Policies. Prepare ordinances for Council adoption with the implementation and enforcement of ordinances as directed. Review planning and zoning requests and make recommendations in accordance with adopted regulations. The Planning Department processes development proposals, reviews plats, reviews commercial site plans and responds to citizens' requests for rezonings, special use permits, comprehensive plan amendments and variances. The Zoning Ordinance is the primary source of information. However, the Andover Review Committee and the City Attorney are also utilized before applications are processed before the Planning and Zoning Commission and City Council. No major changes planned for Budgeted 2026. Personal Services Supplies & Materials Other Services / Charges Purchased Services 66 Fund: 0101 - General Department: Cost Center: 41600 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 5.09 5.24 5.36 Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services 680,612$ 726,765$ 805,424$ Supplies & Materials 14,664 26,900 23,900 Process Used Other Services / Charges 27,824 36,912 38,980 Purchased Services 4,194 2,300 2,300 TOTAL 727,294$ 792,877$ 870,604$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 1. Number of Projects Constructed 15 13 13 2. Number of Projects Reviewed: Prelimary Plats 3 5 3 Commercial Site Plans 8 7 5 Actual Current Budgeted 3. Number of Utility permits issued 83 102 95 Expenditures Per Capita 2024 2025 2026 Population - Estimates 32,596 32,796 32,996 Monthly 1.86$ 2.01$ 2.20$ Annual 22.31$ 24.18$ 26.39$ C I T Y O F A N D O V E R , M I N N E S O T A Engineering City Engineer A D O P T E D 2 0 2 6 B U D G E T Service Expenditures By Category The Engineering Division provides review, design and construction related support for the development and maintenance of the City infrastructure. The Department maintains and distributes information relative to "as-constructed" drawings for the City infrastructure. Engineering support is provided for other City activities as needed. The department also provides project management and inspection related services for the City. Engineering support is provided for the development and long-term maintenance of the City infrastructure (i.e. water, sanitary sewer, water main, streets, trails, parks, facilities, etc.). Engineering reviews plans for all commercial and residential developments to ensure compliance with City standards. For Budget 2026, the department is reorganizing positions to add another engineer midyear. Personal Services Supplies & Materials Other Services / Charges Purchased Services 67 Fund: 0101 - General Department: Cost Center: 41900 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 0.85 0.83 0.87 Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services 107,343$ 114,207$ 123,378$ Process Used Supplies & Materials 14,700 46,310 44,750 Other Services / Charges 263,542 399,970 384,490 Purchased Services 153,258 297,040 265,140 TOTAL 538,843$ 857,527$ 817,758$ Service Expenditures By Category Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Actual Current Budgeted 22 23 23 Expenditures Per Capita 2024 2025 2026 Parking Lots 16 16 16 Population - Estimates 32,596 32,796 32,996 Monthly 1.38$ 2.18$ 2.07$ Annual 16.53$ 26.15$ 24.78$ C I T Y O F A N D O V E R , M I N N E S O T A Facilities Management Finance Director A D O P T E D 2 0 2 6 B U D G E T Buildings Responsible for the custodial, mechanical, structural and ground maintenance of the City Hall and Public Works campus, park buildings and fire stations. No major changes planned for Budget 2026. The facilities are to be maintained in a healthy, safe and sanitary condition and to work toward facility designs that will maximize operational effeciency while projecting a positive public image and work environment. Personal Services Supplies & Materials Other Services / Charges Purchased Services 68 Fund: 0101 - General Department: Cost Center: 42100 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents N/A N/A N/A Actual Current Budgeted Service Expenditures 2024 2025 2026 Process Used Personal Services -$ -$ -$ Supplies & Materials - - - Other Services / Charges - - - Purchased Services 3,625,598 3,936,982 4,203,269 TOTAL 3,625,598$ 3,936,982$ 4,203,269$ Service Expenditures By Category Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Number of Part I & II Offenses (arrests)564 482 500 Number of Calls for Services 13,270 12,824 13,000 Actual Current Budgeted Number of Traffic Arrests 1,179 1,040 1,100 Expenditures Per Capita 2024 2025 2026 Number of Patrol Hours 26,280 26,280 26,280 Population - Estimates 32,596 32,796 32,996 Number of School Liaison Hours 1,213 1,213 1,213 Monthly 9.27$ 10.00$ 10.62$ Annual 111.23$ 120.04$ 127.39$ C I T Y O F A N D O V E R , M I N N E S O T A Police Protection City Administrator A D O P T E D 2 0 2 6 B U D G E T Enforce state laws and city ordinances as directed to provide the public with law enforcement services in the area of patrol, investigation, school liaison, crime prevention and traffic control. The Anoka County Sheriff's office is responsible for recognizing public safety issues and appropriately reacting to these issues through appropriate law enforcement channels and means. The City of Andover contracts with the Anoka County Sheriff's Office to provide a wide range of public safety and law enforcement services. The Sheriff's Office serves as a member of the City's management team, and works with the City to address a wide range of public safety concerns and issues. Responses to citizens service requests are handled by deputies in accordance with established procedures and public safety circumstances. The Sheriff's Office also provides school liaison officers in community schools, prepares news articles and performs a variety of community safety programming. The 2026 Contract provides for 72 hours per day of patrol service, 6 hours per day of community service, 2 full-time deputy sheriffs assigned to community oriented policing, and 2 patrol investigators. The primary driver of the cost increase in 2026 is deputy salary increases to remain competitive in the market. Personal Services Supplies & Materials Other Services / Charges Purchased Services 69 Fund: 0101 - General Department: Cost Center: 42200 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 5.34 5.36 7.54 Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services 1,623,033$ 1,696,320$ 2,008,570$ Supplies & Materials 214,576 223,920 219,000 Other Services / Charges 298,229 322,740 340,790 Purchased Services 44,321 56,737 54,237 Process Used Capital Outlay 39,315 - - TOTAL 2,219,474$ 2,299,717$ 2,622,597$ Service Expenditure Highlights Actual Current Budgeted Actual Current Budgeted Performance Measures 2024 2025 2026 Expenditures Per Capita 2024 2025 2026 Fire Responses 585 601 619 Population - Estimates 32,596 32,796 32,996 Emergency Medical Responses 1,296 1,316 1,355 Monthly 5.67$ 5.84$ 6.62$ Fire Inspections / Plan Reviews 305 253 300 Annual 68.09$ 70.12$ 79.48$ Fire Investigations 13 15 23 Public Fire Education (hours)443 610 700 Customer Contacts 22,081 22,081 22,743 Total Firefighter Training Hours 5,105 6,700 7,100 Average Response Time 8.1 min 8.0 min 8.0 min Number of Firefighters 44 54 60 C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category Fire Protection Fire Chief A D O P T E D 2 0 2 6 B U D G E T The fire department responds to all fire, emergency medical, and other calls for service throughout the City of Andover. Paid-on-call firefighters are alerted to incidents via a pager dispatched through the Anoka County Central Communications System. The fire department is responsible for performing new and existing building plan reviews and existing building inspections to ensure compliance with State and Federal Fire Codes and Standards. The fire department also provides public eduation and fire safety information to residents. Additionally, the Fire Chief, who is also the Fire Marshal, serves as the Emergency Management Director, overseeing all City disaster and contingency plans. Paid-on-call firefighters are professionally trained with each averaging over 160 hours annually to maintain proficiency and certification in their skills used for fire, emergency medial response, and other calls for service. The Fire Chief, with the support of the Captain of Fire Inspections and the Deputy Fire Chief are well-versed in appropriate State Laws, Fire Codes, and National Standards used for plan reviews, inspections, and fire investigations. Call for service, public education, and training hours have all increased substantially over th past five years. Budgeted 2025 includes an enhancement to the duty crew program. With the addition of 2 full-time employees, week day hours will be covered by full-time firefighters with paid-on-call firefighters covering evenings and weekends. Personal Services Supplies & Materials Other Services / Charges Purchased Services Capital Outlay 70 Fund: 0101 - General Department: Cost Center: 42300 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 3.46 3.65 4.28 Actual Current Budgeted Service Expenditures 2024 2025 2026 Process Used Personal Services 408,575$ 467,074$ 552,694$ Supplies & Materials 8,787 17,050 19,050 Other Services / Charges 26,374 27,510 33,142 Purchased Services 68,296 52,000 67,000 TOTAL 512,032$ 563,634$ 671,886$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Residential New Construction 99 102 75 Other Permits 1,193 1,062 1,100 Commercial, Industrial, etc Actual Current Budgeted New Construction 5 5 3 Expenditures Per Capita 2024 2025 2026 Other Permits 154 31 20 Population - Estimates 32,596 32,796 32,996 Trades & Misc Permits 3,290 2,894 3,000 Monthly 1.31$ 1.43$ 1.70$ Permits Initiated Online 59%64%65%Annual 15.71$ 17.19$ 20.36$ C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category Protective Inspection Building Official A D O P T E D 2 0 2 6 B U D G E T Review and process building permit applications, perform on-site inspections of residential and commercial construction and ensure that all construction activity is in compliance with State and City building and fire codes. Building permit applications are reviewed, plan checks completed, and construction fees collected. Upon issuance of a permit, the person doing the work calls in for inspections at various states of construction. When construction is completed in accordance with approved standards, a Certificate of Occupancy is issued. Budgeted 2026 included staff restructuring, converting a half-time building inspector position into full-time. Personal Services Supplies & Materials Other Services / Charges Purchased Services 71 Fund: 0101 - General Department: Cost Center: 42400 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 0.05 0.05 0.05 Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services 7,581$ 8,115$ 8,795$ Process Used Supplies & Materials - 10,100 10,100 Other Services / Charges 10,775 11,544 11,600 Purchased Services 2,933 10,000 10,000 TOTAL 21,289$ 39,759$ 40,495$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Siren tests throughout the severe weather season 4 4 4 State-wide siren tests 12 12 12 Actual Current Budgeted Number of sirens 14 14 14 Expenditures Per Capita 2024 2025 2026 Population - Estimates 32,596 32,796 32,996 Monthly 0.05$ 0.10$ 0.10$ Annual 0.65$ 1.21$ 1.23$ C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category Emergency Management Building Official A D O P T E D 2 0 2 6 B U D G E T Maintain City's emergency warning system. Repair, replace and maintain fourteen (14) warning sirens throughout the city to ensure proper activation during storm, civil and emergency conditions. All sirens are visualy checked every April to confirm sirens are operating properly. If a siren is found to be dysfunctional, a service call is placed, a repair-person comes out, necessary repairs are completed. The 3 oldest sirens were constructed in 2017, the remaining eleven are newer. Siren warning tests are performed monthly to verify activation and educate citizens regarding the City's Emergency Warning System. No major changes planned for Budgeted 2026. All sirens are relatively new.Personal Services Supplies & Materials Other Services / Charges Purchased Services 72 Fund: 0101 - General Department: Cost Center: 42500 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents N/A N/A N/A Process Used Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services -$ -$ -$ Supplies & Materials - 150 150 Other Services / Charges 250 200 750 Purchased Services 7,382 10,600 10,600 TOTAL 7,632$ 10,950$ 11,500$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Number of dogs licensed 206 179 190 Number of animals confined 34 40 20 Actual Current Budgeted Expenditures Per Capita 2024 2025 2026 Population - Estimate 32,596 32,796 32,996 Monthly 0.02$ 0.03$ 0.03$ Annual 0.23$ 0.33$ 0.35$ C I T Y O F A N D O V E R , M I N N E S O T A Animal Control City Clerk A D O P T E D 2 0 2 6 B U D G E T Service Expenditures By Category The enforcement of City Code Title 5 relating to dogs and cats. Letters are sent to dog and cat owners who allow their animals to run at large warning them that they are in violation of the City's ordinance. If the behavior continues, a ticket is issued by the Sheriff's office to the owner citing them for a misdemeanor. The City contracts with an independent contractor to provide animal control services. City staff also issue licenses for dogs in the city. No major changes planned for Budget 2026 except changing contractors. Personal Services Supplies & Materials Other Services / Charges Purchased Services 73 Fund: 0101 - General Department: Cost Center: 43100 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 6.57 5.46 5.99 Actual Current Budgeted Service Expenditures 2024 2025 2026 Process Used Personal Services 717,323$ 682,802$ 806,550$ Supplies & Materials 99,572 101,095 103,095 Other Services / Charges 157,649 174,672 176,672 Purchased Services 32,800 107,800 97,800 Service Expenditure Highlights Capital Outlay - - - TOTAL 1,007,344$ 1,066,369$ 1,184,117$ Actual Current Budgeted Performance Measures 2024 2025 2026 Asphalt Streets Maintained (miles)207 208 209 Gravel Roads Maintained (miles)6.5 6.5 6.5 Cul-de-sacs & Deadends Maintained 358 362 364 Road Markings/Striping (intersections)196 202 203 Street Sweeping (miles)876 2360 2400 Gravel Usage (tons)1,124 0 1,200 Asphalt Usage (tons)648 575 550 Actual Current Budgeted Pothole Patching (tons per day)5.30 5.04 5.00 Expenditures Per Capita 2024 2025 2026 Spray Patcher - Rock (tons)186 76 100 Population - Estimates 32,596 32,796 32,996 Spray Patcher - Oil (gallons)2,648 1,095 1,500 Monthly 2.58$ 2.71$ 2.99$ Annual 30.90$ 32.52$ 35.89$ C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category Streets & Highways Street Supervisor A D O P T E D 2 0 2 6 B U D G E T The Streets and Highways Department maintains all City streets to minimize deterioration. Maintenance includes seal coating, crack sealing, pothole patching, sweeping, gravel road maintenance and wash and seal bridges. Along with road maintenance, this department is responsible for mowing ditches and trimming boulevard trees. Staff is assigned detailed work, followed by inspections. Equipment and personnel are managed to accomplish maintenance activities. Budget 2026 includes the reallocation of FTE's as the amount of time spent on snow removal as lessened over the years. Personal Services Supplies & Materials Other Services / Charges Purchased Services Capital Outlay 74 Fund: 0101 - General Department: Cost Center: 43200 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 1.41 2.52 2.25 Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services 193,662$ 372,259$ 363,658$ Supplies & Materials 155,520 195,350 197,850 Process Used Other Services / Charges 352,449 357,144 364,664 Purchased Services - 1,000 1,000 TOTAL 701,631$ 925,753$ 927,172$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Miles of streets plowed 207 208 209 Cul-de-sacs 358 362 364 Sand/Salt Usage (tons)1,050 654 1,700 Actual Current Budgeted Brine Usage (gal)6,400 7,000 10,000 Expenditures Per Capita 2024 2025 2026 Annual Snowfall (inches)30 29 60 Population - Estimates 32,596 32,796 32,996 Plowing a 1-2" Snow event (hrs)6 6 6 Monthly 1.79$ 2.35$ 2.34$ Plowing a 2-4" Snow event (hrs)7 7 7 Annual 21.53$ 28.23$ 28.10$ Plowing a 4" + Snow event (hrs)11 11 11 C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category Snow & Ice Street Supervisor A D O P T E D 2 0 2 6 B U D G E T All Public Works Departments provide snow removal services for 205 miles of city streets and 363 cul-de-sacs. The goal is to provide convenient, reasonably safe travel and to prevent deterioration of the streets due to winter conditions. Snowplows, equipped with underbody plows, and salt brine sanders are used to clear city streets. The streets are cleared on a systematic basis as soon as practical after a snowstorm per city policy. Personal Services are allocated based on time spent removing snow and ice from roads, trails, and/or parking lots. The decrease in Budgeted 2026 in Personal Services is due to reduced amount of time staff is spending on snow removal. The cost of salt continues to increase. Personal Services Supplies & Materials Other Services / Charges Purchased Services 75 Fund: 0101 - General Department: Cost Center: 43300 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 1.33 1.26 1.24 Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services 154,661$ 160,752$ 171,518$ Supplies & Materials 46,301 47,860 47,860 Other Services / Charges 14,760 19,848 20,088 Process Used Purchased Services - 1,500 1,500 Capital Outlay - - - TOTAL 215,722$ 229,960$ 240,966$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Damaged/Repair/Replace (# of signs)207 130 200 All Parks and Trail Signs 23 10 20 Traffic Counts (locations, every 4 yrs)25 14 25 Actual Current Budgeted Sign Inventory / Verified (# of zones)1 2 1 Expenditures Per Capita 2024 2025 2026 Population - Estimates 32,596 32,796 32,996 Monthly 0.55$ 0.58$ 0.61$ Annual 6.62$ 7.01$ 7.30$ C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditure By Category Street Signs Street Supervisor A D O P T E D 2 0 2 6 B U D G E T Installs new signage and replaces/repairs existing signs. All signage for streets and highways are in compliance with Federal, State, County and City guidelines. The ultimate goal is the safety of pedestrians and to provide traffic directional information for safe travel through the city. Signage for city parks, trails, special events, ordinances, seasonal road restrictions, traffic counts and barricades are also provided by the Sign Department. Sign data such as location, type and quality of signs is being collected and data entry completed on a sign database for sign inventory. City staff / Engineers provide data regarding signage for new developments, update existing signage and any other related sign changes. City staff, engineers, residents, local sheriff, Public Works and the general public also provide notification for necessary repairs for damaged signs. Minimal changes to Budgeted 2026.Personal Services Supplies & Materials Other Services / Charges Purchased Services Capital Outlay 76 Fund: 0101 - General Department: Cost Center: 43400 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents N/A N/A N/A Actual Current Budgeted Service Expenditures 2024 2025 2026 Process Used Personal Services -$ -$ -$ Supplies & Materials - - - Other Services / Charges 19,751 31,500 31,500 Purchased Services 24,615 12,500 12,500 TOTAL 44,366$ 44,000$ 44,000$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Traffic Signals:Actual Current Budgeted Within the Community 20 20 20 Expenditures Per Capita 2024 2025 2026 Shared (Anoka or Coon Rapids)8 8 8 Population - Estimates 32,596 32,796 32,996 Wayside Horns 2 2 2 Monthly 0.11$ 0.11$ 0.11$ Annual 1.36$ 1.34$ 1.33$ C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category Traffic Signals City Engineer A D O P T E D 2 0 2 6 B U D G E T Under the Anoka County Cost Share Policy, the City of Andover is responsible for 1) the electrical cost of the overhead street lights at intersections and 2) the power of the traffic signal and maintenance costs for some aspect of the signal. The City has wayside horns at the railroad tracks at Andover Blvd NW and Crosstown Blvd NW. Intersections are signalized at various locations within the community based on the Anoka County cost share policy and the need of the community. Wayside horns have been installed to reduce the train horn noise at the locations mentioned above. Anoka County Highway Department maintains all the traffic signals and EVP systems on their highway system throughout Andover and expenses continue to rise both in actual cost and increased number of signals and EVP systems. Connexus Energy maintains the overhead street lights and 5 - 10 go out every year. Wayside horns require a monthly inspection/service visit and a bi-annual complete overview of the system.Personal Services Supplies & Materials Other Services / Charges Purchased Services 77 Fund: 0101 - General Department: Cost Center: 43500 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents N/A N/A N/A Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services -$ -$ -$ Supplies & Materials - - - Process Used Other Services / Charges 35,493 40,000 40,000 Purchased Services - 5,400 5,400 TOTAL 35,493$ 45,400$ 45,400$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Actual Current Budgeted Number of Lights installed and Expenditures Per Capita 2024 2025 2026 maintained by private utility.328 345 350 Population - Estimates 32,596 32,796 32,996 Monthly 0.09$ 0.12$ 0.11$ Annual 1.09$ 1.38$ 1.38$ C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category Street Lighting City Engineer A D O P T E D 2 0 2 6 B U D G E T Street lighting and safety lighting provides a safety measure for both pedestrians and the motoring public. Street lights are installed at critical intersections of county roads and city streets, in addition to, other safety lighting needs. As the City continues to develop, new street lights are added with new and existing neighborhoods and at critical intersections within the City. Due to annual adjustments, maintenance, replacement, and/or repair of lights by Connexus Energy, the expenditures to service these lights have generally shown an upward trend in cost. Personal Services Supplies & Materials Other Services / Charges Purchased Services 78 Fund: 0101 - General Department: Cost Center: 43600 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents N/A N/A N/A Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services -$ -$ -$ Supplies & Materials - - - Other Services & Charges 119,430 145,000 145,000 Process Used Purchased Services 32,232 37,000 37,000 TOTAL 151,662$ 182,000$ 182,000$ Service Expenditure Highlights Actual Current Budgeted Actual Current Budgeted Performance Measures 2024 2025 2026 Expenditures Per Capita 2024 2025 2026 Number of Street Lights Billed 1,384 1,414 1,430 Population - Estimates 32,596 32,796 32,996 Monthly 0.39$ 0.46$ 0.46$ Annual 4.65$ 5.55$ 5.52$ C I T Y O F A N D O V E R , M I N N E S O T A Street Lights Billed City Engineer A D O P T E D 2 0 2 6 B U D G E T Service Expenditures By Category The street lights that are internal to a residential development are funded by that development or neighborhood. Both the operation and maintenance costs of the lights are billed to the neighborhood property owners. Connexus Energy operates, maintains and bills the residents for their street lights. Street lights are only billed to neighborhoods that have the lights. Due to annual adjustments, maintenance, replacement and/or repair of lights by Connexus Energy, the expenditures to service these lights have generally shown an upward trend in cost. The billing services contract continues to increase as well. Personal Services Supplies & Materials Other Services & Charges Purchased Services 79 Fund: 0101 - General Department: Cost Center: 45000 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2024 2026 FTE Equivalents 8.43 7.95 7.68 Actual Current Budgeted Service Expenditures 2024 2024 2026 Personal Services 984,482$ 1,006,788$ 1,064,284$ Supplies & Materials 112,039 121,100 121,600 Process Used Other Services / Charges 377,653 396,660 408,104 Purchased Services 86,605 93,500 98,500 Capital Outlay 245,516 257,652 235,000 TOTAL 1,806,295$ 1,875,700$ 1,927,488$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2024 2026 Number of City Parks maintained 53 54 55 Total acreage mowed 340 341 341 Ballfields maintained 27 27 27 Number of playgrounds 43 44 44 Actual Current Budgeted Total soccer fields maintained 20 20 20 Expenditures Per Capita 2024 2024 2026 Miles of trail maintained 41 41.5 43 Population - Estimates 32,596 32,796 32,996 Ice Rinks / Warming Houses 11 / 4 11 / 4 11 / 4 Monthly 4.62$ 4.77$ 4.87$ Annual 55.41$ 57.19$ 58.42$ C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category Parks & Recreation Parks Maintenance Supervisor A D O P T E D 2 0 2 6 B U D G E T The Parks Department maintains the entire City park and trail system. Most of the upgrades and additional developments of the parks are also done by the parks staff. Maintenance tasks include playground and play structures, ball infields, ice rinks, buildings and shelters, landscaping, trees and plantings, irrigation systems, painting, blacktop repair, trash and litter control, various construction projects, wood and metal fabrication, lighting and electrical, trail sign installs, and all turf and seed upkeep. The top priority for the Parks Department is to provide a safe product or facility for all the public to use. Provide diverse activities for all groups and associations through the use of city parks and/ trail system. Budgeted 2026 includes any employee changes in health insurance, a COLA adjustment and any step changes for newer employees. Other Services / Charges changed due to an increased allocation for central services for the operation and maintenance costs associated with parks equipment - mowers, trail machines, trucks and snow removal equipment. Personal Services Supplies & Materials Other Services / Charges Purchased Services Capital Outlay 80 Fund: 0101 - General Department: Cost Center: 45500 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents N/A N/A N/A Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services -$ -$ -$ Supplies & Materials 525 2,500 2,500 Other Services / Charges - - - Purchased Services 11,318 12,500 12,500 TOTAL 11,843$ 15,000$ 15,000$ Process Used Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Number of City nature preserves 4 4 4 Number of City Parks undeveloped 6 6 6 Total acreage managed 120 150 150 Ash trees treated 100 20 20 Actual Current Budgeted Expenditures Per Capita 2024 2025 2026 Population - Estimates 32,596 32,796 32,996 Monthly 0.03$ 0.04$ 0.04$ Annual 0.36$ 0.46$ 0.45$ C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category Natural Resource Preservation City Engineer A D O P T E D 2 0 2 6 B U D G E T The City has several nature preserves and natural parks that benefit from various forms of vegetation management. Activities include but not limited to prescribed burns, mowing, spot spraying invasive weeds, harvesting invasive woody species and planting native trees, shrubs, grasses and wild flowers. The City will do some activities in-house and contract some out. This will improve wildlife habitat, storm water quality aesthetics and long-term sustainability and help provide a natural environment for residents to enjoy. Also, the City has an EAB (emerald ash borer) Management Program to chemically treat trees on public and private properties. Finally, the City has committed matching funds for various grants to purchase trees to be planted throughout the City. Staff will review the applicable properties on an annual basis and prioritize them for management based on the needs. No major changes planned for Budgeted 2026.Personal Services Supplies & Materials Other Services / Charges Purchased Services 81 Fund: 0101 - General Department: Cost Center: 46000 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 0.90 0.85 0.92 Process Used Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services 90,114$ 92,787$ 101,293$ Supplies & Materials 1,414 7,875 7,875 Other Services / Charges 12,127 19,068 19,196 Purchased Services 87,333 130,500 130,500 TOTAL 190,988$ 250,230$ 258,864$ Service Expenditure Highlights Service Expenditures By Category Actual Current Budgeted Performance Measures 2024 2025 2026 Schools with recycling bins 7 7 7 Recycling Days 12 11 11 Recycling collection tonnage 4,383 3,544 4,000 Actual Current Budgeted Expenditures Per Capita 2024 2025 2026 Population - Estimates 32,596 32,796 32,996 Monthly 0.49$ 0.64$ 0.65$ Annual 5.86$ 7.63$ 7.85$ C I T Y O F A N D O V E R , M I N N E S O T A Recycling Recycling Coordinator A D O P T E D 2 0 2 6 B U D G E T The Recycling Department provides recycling opportunities to all city residents. The goal is to provide this service in a cost effective manner. Refuse and recycling services are provided curbside by licensed haulers in an open hauling system. A drop off recycling site is provided by the City. Recycling bins are also available through the City. New recycling materials are offered as soon as they become feasible. The program also provides special educational opportunities for Andover schools and senior apartment complexes to promote waste reduction and recycling. A small increase is planned for Budgeted 2026 as recycling disposal fees continue to increase. Organics recycling was added in 2025 which added additional expenses. Personal Services Supplies & Materials Other Services / Charges Purchased Services 82 Fund: 0101 - General Department:Unallocated Cost Center: 49100 Director/Manager:Finance Director Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents N/A N/A N/A Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services -$ -$ -$ Process Used Supplies & Materials - - - Other Services / Charges 4,303 96,600 96,600 Purchased Services - - - Other Uses 93,700 1,000,000 - TOTAL 98,003$ 1,096,600$ 96,600$ Service Expenditure Highlights Actual Current Budgeted Expenditures Per Capita 2024 2025 2026 Population - Estimates 32,596 32,796 32,996 Monthly 0.25$ 2.79$ 0.24$ Annual 3.01$ 33.44$ 2.93$ C I T Y O F A N D O V E R , M I N N E S O T A A D O P T E D 2 0 2 6 B U D G E T Service Expenditures By Category Unallocated contains funding for the unexpected and miscellaneous items not directly chargeable to a specific activity. Annually the City reviews the miscellaneous activities funding levels and based on past experiences does budget a contingency amount for unexpected expenditures. Actual 2024 includes a transfer to Capital Equipment Reserve Capital Projects Fund for storm related expenditures. Current 2025 includes the transfer to the EDA Special Revenue Fund ($250,000) for a funding a shortfall, and the Capital Equipment Reserve Capital Projects Fund for the Kelsey Round Lake Trail matching grant ($250,000), the replacement of an additional plow truck ($350,000) and the increase in the natural disaster reserve ($150,000). Personal Services Supplies & Materials Other Services / Charges Purchased Services Other Uses 83 This page left blank intentionally. 84 CITY OF ANDOVER, MINNESOTA 2026 ANNUAL BUDGET SPECIAL REVENUE FUNDS DEFINITION: Special revenue funds are established to justify revenue sources to finance particular functions or projects. Revenue for these funds can come from a variety of sources, such as taxes, fees, gifts and grants or contributions from other governmental entities. Expenditures from these funds are normally restricted by statute, local ordinance, or grant agreements. The funds may be used for either operations or capital outlay as legal restrictions mandate. 85 This page left blank intentionally. 86 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 2,316,284$ 2,904,892$ 2,904,892$ 2,414,476$ Revenues General Property Taxes 193,273 195,000 195,000 195,000 Intergovernmental 1,276,486 112,500 255,000 267,500 Charges for Services 1,584,518 1,326,000 1,435,800 1,395,000 Investment Income 156,929 14,250 57,829 25,500 Miscellaneous 1,057,922 869,968 919,000 889,068 Total Revenues:4,269,128 2,517,718 2,862,629 2,772,068 Other Sources Transfers In - - 250,000 - Total Revenues and Other Sources:4,269,128 2,517,718 3,112,629 2,772,068 Total Available:6,585,412 5,422,610 6,017,521 5,186,544 Expenditures Personal Services 969,275 992,122 992,122 1,064,605 Supplies and Materials 126,948 124,420 137,510 127,620 Purchased Services 662,631 362,842 351,379 458,705 Other Services and Charges 634,820 836,684 802,684 989,450 Capital Outlay 978,846 1,008,000 1,009,250 - Total Expenditures:3,372,520 3,324,068 3,292,945 2,640,380 Other Uses Transfers Out 308,000 310,100 310,100 308,110 Total Expenditures and Other Uses:3,680,520 3,634,168 3,603,045 2,948,490 Fund Balance, December 31 2,904,892$ 1,788,442$ 2,414,476$ 2,238,054$ Change in Fund Balance 588,608$ (1,116,450)$ (490,416)$ (176,422)$ 25%-38%-17%-7% Description City of Andover Special Revenue Funds 2026 Budget Summary - All Special Revenue Funds Statement of Revenues, Expenditures and Changes in Fund Balance 87 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 168,503$ 137,575$ 137,575$ 300,339$ Revenues Charges for Services 24,096 15,000 15,000 10,000 Investment Income 6,690 2,000 2,000 2,000 Miscellaneous 695 - - - Total Revenues:31,481 17,000 17,000 12,000 Other Sources Transfers In - - 250,000 - Total Revenues and Other Sources:31,481 17,000 267,000 12,000 Total Available:199,984 154,575 404,575 312,339 Expenditures Personal Services 2,991 7,536 7,536 7,536 Supplies and Materials 4,304 16,400 8,900 6,700 Purchased Services 47,110 71,730 77,500 79,800 Other Services and Charges 8,004 13,100 10,300 9,250 Total Expenditures:62,409 108,766 104,236 103,286 Other Uses Transfers Out - - - - Total Expenditures and Other Uses:62,409 108,766 104,236 103,286 Fund Balance, December 31 137,575$ 45,809$ 300,339$ 209,053$ Change in Fund Balance (30,928)$ (91,766)$ 162,764$ (91,286)$ -18%-67%118%-30% Description City of Andover Special Revenue Funds Economic Development Authority Fund Statement of Revenues, Expenditures and Changes in Fund Balance 88 Fund: Economic Development Authority Activity Type/Code:Special Revenue Department Head: Expenditure Highlights General Activity Description 2026 continues the Home Improvement Program to assist in exterior To provide for the quality development of commercial and industrial home improvements within the City ($25,000). properties to ensure a strong, viable and diversified tax base. 2025 continues the Home Improvement Program to assist in exterior Process Used home improvements within the City ($25,000). Promotion and expansion of the commercial and industrial tax base through the development and redevelopment of land. EDA Budget provides for ongoing maintenance around the Andover Station Development area.The EDA is the primary authority involved in managing the City's four Tax Increment Financing (TIF) Districts. The EDA monitors and initiates the activities within the TIF Districts to reach the goals of the TIF plans. C I T Y O F A N D O V E R , M I N N E S O T A City Administrator A D O P T E D 2 0 2 6 B U D G E T 89 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 -$ 99,340$ 99,340$ 255,740$ Revenues Intergovernmental 98,152 100,000 255,000 255,000 Investment Income 1,188 - 1,400 - Total Revenues:99,340 100,000 256,400 255,000 Other Sources Transfers In - - - - Total Revenues and Other Sources:99,340 100,000 256,400 255,000 Total Available:99,340 199,340 355,740 510,740 Expenditures Other Services and Charges - 100,000 100,000 255,000 Other Uses Transfers Out - - - - Total Expenditures and Other Uses:- 100,000 100,000 255,000 Fund Balance, December 31 99,340$ 99,340$ 255,740$ 255,740$ Change in Fund Balance 99,340$ -$ 156,400$ -$ n/a 0%157%0% Description City of Andover Special Revenue Funds Local Affordable Housing Aid Statement of Revenues, Expenditures and Changes in Fund Balance 90 Fund: Local Affordable Housing Aid Activity Type/Code:Special Revenue Department Head: Expenditure Highlights General Activity Description This is a fund created to track the Local Affordable Housing Aid program.Local Affordable Housing Aid helps local governments develop and preserve Aid began in 2024 and is funded by a new dedicated sales tax in the affordable housing within their jurisdictions to keep families from losing seven-county metropolitan area. housing and to help those experiencing homelessness find housing. Process Used The Minnesota Department of Revenue will distribute the aid semi annually to the City and the aid will be disbursed to qualified applicants. Qualifying projects include: - Emergency rental assistance for households earning less than 80 percent of area median income; and - Financial support to nonprofit affordable housing providers in their mission to provide safe, dignified, affordable and supportive housing; and demolition or removal of structures, construction financing, permanent financing, interest rate reduction, refinancing, and gap financing of housing to provide affordable housing to households that have certain incomes. - Housing developed or rehabilitated with funds under this section must be affordable to the local work force. A D O P T E D 2 0 2 6 B U D G E T C I T Y O F A N D O V E R , M I N N E S O T A Community Development Dir. - Projects designed for the purpose of construction, acquisition, rehabilitatioin, 91 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 1,379,580$ 1,874,018$ 1,874,018$ 1,038,123$ Revenues General Property Taxes 153,742 155,000 155,000 155,000 Charges for Services 1,491,637 1,256,000 1,359,000 1,328,000 Investment Income 83,017 5,000 40,000 10,000 Miscellaneous 928,520 826,068 834,000 839,068 Total Revenues:2,656,916 2,242,068 2,388,000 2,332,068 Other Sources Transfers In - - - - Total Revenues and Other Sources:2,656,916 2,242,068 2,388,000 2,332,068 Total Available:4,036,496 4,116,086 4,262,018 3,370,191 Expenditures Personal Services 921,944 939,461 939,461 1,006,850 Supplies and Materials 119,343 103,600 125,500 116,500 Purchased Services 176,798 189,400 180,400 268,400 Other Services and Charges 609,370 700,734 670,534 702,150 Capital Outlay 35,023 1,008,000 1,008,000 - Total Expenditures:1,862,478 2,941,195 2,923,895 2,093,900 Other Uses Transfers Out 300,000 300,000 300,000 300,000 Total Expenditures and Other Uses:2,162,478 3,241,195 3,223,895 2,393,900 Fund Balance, December 31 1,874,018$ 874,891$ 1,038,123$ 976,291$ Change in Fund Balance 494,438$ (999,127)$ (835,895)$ (61,832)$ 36%-53%-45%-6% Description City of Andover Special Revenue Funds Community Center Fund Statement of Revenues, Expenditures and Changes in Fund Balance 92 Fund: Community Center Activity Type/Code:Special Revenue Department Head: Expenditure Highlights General Activity Description 2009 was the first year the YMCA made a full lease payment of $635,000.This fund accounts for the operations of the Andover/YMCA Community The transfer out is the difference between the tax levied for the Community Center, particularly the sports complex, ice arena, field house and concessions. Center debt service and the total annual debt service for the Community Center.The aquatic's portion of the Community Center is under the operations of the YMCA. No major programming changes for 2026. 2025 included the addition of a golf simulator put in one of the under-utilized meeting rooms and the reroofing of the ice arena and field house ($1,000,000).Process Used The Community Center construction started in 2004 and was completed in the summer of 2005. The facility will be managed by the Recreational Facility Manager with oversight by a Community Center Advisory Board and the City Council. The YMCA is a long-term tenant and started making lease payments in 2008. In 2020, an expansion of the Community Center was completed. It includes a multi-sports complex, an additional court added to the field house, senior/teen space, and additional parking. A D O P T E D 2 0 2 6 B U D G E T C I T Y O F A N D O V E R , M I N N E S O T A Recreation Facility Manager 93 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 197,827$ 203,734$ 203,734$ 196,637$ Revenues Charges for Services 12,848 10,000 16,800 10,000 Investment Income 9,615 1,500 3,500 3,000 Total Revenues:22,463 11,500 20,300 13,000 Other Sources Transfers In - - - - Total Revenues and Other Sources:22,463 11,500 20,300 13,000 Total Available:220,290 215,234 224,034 209,637 Expenditures Personal Services 8,649 9,097 9,097 10,670 Supplies and Materials 182 3,000 2,660 3,000 Purchased Services 2,707 6,000 6,000 6,000 Other Services and Charges 5,018 9,800 8,800 8,000 Capital Outlay - - 840 - Total Expenditures:16,556 27,897 27,397 27,670 Other Uses Transfers Out - - - - Total Expenditures and Other Uses:16,556 27,897 27,397 27,670 Fund Balance, December 31 203,734$ 187,337$ 196,637$ 181,967$ Change in Fund Balance 5,907$ (16,397)$ (7,097)$ (14,670)$ 3%-8%-3%-7% Description City of Andover Special Revenue Funds Drainage and Mapping Fund Statement of Revenues, Expenditures and Changes in Fund Balance 94 Fund: Drainage and Mapping Activity Type/Code:Special Revenue Department Head: Expenditure Highlights General Activity Description Minimal changes are planned for this fund as monies are set aside for future The drainage and mapping activity provides the resource to maintain mapping needs.existing and develop new maps and mapping systems for the City. The City GIS is a key component in this mapping and data inventory task. Process Used Existing mapping systems and data are maintained electronically through the City's GIS mapping system. All data is accessible through that City's mapping system. C I T Y O F A N D O V E R , M I N N E S O T A Dir of PW / City Engineer A D O P T E D 2 0 2 6 B U D G E T 95 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 102,403$ 106,392$ 106,392$ 106,616$ Revenues General Property Taxes 39,531 40,000 40,000 40,000 Investment Income 4,349 750 2,000 1,500 Total Revenues:43,880 40,750 42,000 41,500 Other Sources Transfers In - - - - Total Revenues and Other Sources:43,880 40,750 42,000 41,500 Total Available:146,283 147,142 148,392 148,116 Expenditures Personal Services 10,628 11,147 11,147 12,051 Supplies and Materials - 520 100 520 Purchased Services 29,201 30,412 29,979 29,205 Other Services and Charges 62 550 550 550 Total Expenditures:39,891 42,629 41,776 42,326 Other Uses Transfers Out - - - - Total Expenditures and Other Uses:39,891 42,629 41,776 42,326 Fund Balance, December 31 106,392$ 104,513$ 106,616$ 105,790$ Change in Fund Balance 3,989$ (1,879)$ 224$ (826)$ 4%-2%0%-1% Description City of Andover Special Revenue Funds Lower Rum River Watershed Fund Statement of Revenues, Expenditures and Changes in Fund Balance 96 Fund: Lower Rum River Watershed Management Organization Activity Type/Code:Special Revenue Department Head: Expenditure Highlights General Activity Description Minimal changes are planned for this fund as monies are set aside for future The function of the Lower Rum River Watershed Management needs.Organization (LRRWMO) is to provide for: conservation of water and natural resources; prevention and alleviation of flood damage; and regulation of Fund balance is being set aside for the preparation of the fourth generation creeks, lakes, water courses and storm water conveyance systems for water management plan and any additional services that may be needed.domestic, recreational and public use across municipal boundaries. organizations several powers, among which are: projects directly affecting the water resources of the watershed. surface water management plan. 5. Collection of data. the initiative of the LRRWMO. mentioned activities and for general administration of the organization. 7. Construction of improvements, either in response to petition or on 8. Levying of taxes and assessments for the financing of the previously C I T Y O F A N D O V E R , M I N N E S O T A Assistant City Engineer A D O P T E D 2 0 2 6 B U D G E T To achieve this purpose, state law gives watershed management 1. Responsibility for preserving natural retention areas. 2. Preparation of plans for water management. 3. Review of municipal water management plans and permits of 4. Review of local land use in the absence of an approved municipal 6. Conducting of studies and investigations. 9. Educating the public on water resource issues. 97 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 2,994$ 3,672$ 3,672$ 3,601$ Revenues Intergovernmental 9,868 12,500 - 12,500 Investment Income (30) - (71) - Total Revenues:9,838 12,500 (71) 12,500 Other Sources Transfers In - - - - Total Revenues and Other Sources:9,838 12,500 (71) 12,500 Total Available:12,832 16,172 3,601 16,101 Expenditures Supplies and Materials 3,113 - - - Purchased Services 6,047 12,500 - 12,500 Total Expenditures:9,160 12,500 - 12,500 Other Uses Transfers Out - - - - Total Expenditures and Other Uses:9,160 12,500 - 12,500 Fund Balance, December 31 3,672$ 3,672$ 3,601$ 3,601$ Change in Fund Balance 678$ -$ (71)$ -$ 23%0%-2%0% Description City of Andover Special Revenue Funds Forestry Fund Statement of Revenues, Expenditures and Changes in Fund Balance 98 Fund: Forestry Activity Type/Code:Special Revenue Department Head: Expenditure Highlights General Activity Description This fund tracks forestry-related grants with state agencies like the Forestry shall preserve Andover’s forest resources and develop control Minnesota Department of Natural Resources (DNR). plans to ensure preservation and/or restoration of these resources. Process Used The City utilizes the Natural Resources Technician to administer the Arbor Day event giveaway, coordinate various tree plantings with local organizations like the Eagle Scouts, and monitor preservation and disease tree management grants. C I T Y O F A N D O V E R , M I N N E S O T A Dir of PW / City Engineer A D O P T E D 2 0 2 6 B U D G E T 99 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 139,969$ 154,570$ 154,570$ 145,829$ Revenues Charges for Services 44,067 35,000 35,000 35,000 Investment Income 6,937 1,000 2,000 2,000 Total Revenues:51,004 36,000 37,000 37,000 Other Sources Transfers In - - - - Total Revenues and Other Sources:51,004 36,000 37,000 37,000 Total Available:190,973 190,570 191,570 182,829 Expenditures Personal Services 25,063 24,881 24,881 27,498 Supplies and Materials 6 900 350 900 Purchased Services 2,838 8,900 7,500 8,900 Other Services and Charges 496 2,500 2,500 2,500 Capital Outlay - - 410 - Total Expenditures:28,403 37,181 35,641 39,798 Other Uses Transfers Out 8,000 10,100 10,100 8,110 Total Expenditures and Other Uses:36,403 47,281 45,741 47,908 Fund Balance, December 31 154,570$ 143,289$ 145,829$ 134,921$ Change in Fund Balance 14,601$ (11,281)$ (8,741)$ (10,908)$ 10%-7%-6%-7% Description City of Andover Special Revenue Funds Right of Way Management / Utility Fund Statement of Revenues, Expenditures and Changes in Fund Balance 100 Fund: Right of Way Management/Utility Activity Type/Code:Special Revenue Department Head: Expenditure Highlights General Activity Description The transfer to the Road & Bridge Capital Projects is for the degredation of roadways associated with right-of-way permits. management of the public rights-of-way and to recover the rights-of-way management costs; and to regulate the use of public rights-of-way by providers of telecommunication services, public utility services and the like, in a fair, efficient, competitively neutral and substantial uniform manner. Process Used include requiring the following: damages to the right-of-way. C I T Y O F A N D O V E R , M I N N E S O T A Dir of PW / City Engineer A D O P T E D 2 0 2 6 B U D G E T The function of Right-of-Way Management is to provide for: To achieve this purpose, state law gives the City several powers to 1. Require permits for work within the right-of-way. 2. Collect fees to recover costs associated with the permit including 101 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 275,268$ 316,909$ 316,909$ 356,909$ Revenues Investment Income 14,714 2,500 5,000 5,000 Miscellaneous 128,707 43,900 85,000 50,000 Total Revenues:143,421 46,400 90,000 55,000 Other Sources Transfers In - - - - Total Revenues and Other Sources:143,421 46,400 90,000 55,000 Total Available:418,689 363,309 406,909 411,909 Expenditures Purchased Services 101,780 43,900 50,000 53,900 Other Uses Transfers Out - - - - Total Expenditures and Other Uses:101,780 43,900 50,000 53,900 Fund Balance, December 31 316,909$ 319,409$ 356,909$ 358,009$ Change in Fund Balance 41,641$ 2,500$ 40,000$ 1,100$ 15%1%13%0% Description City of Andover Special Revenue Funds Charitable Gambling Fund Statement of Revenues, Expenditures and Changes in Fund Balance 102 Fund: Charitable Gambling Activity Type/Code:Special Revenue Department Head: Expenditure Highlights General Activity Description This fund was created to track the donations received from the Andover The licensed organizations are required to donate 10% of their net profits to Hockey Association and Andover Football Association from their charitable the City. gambling activities. Funding is used towards the Alexandra House, Hope 4 Youth, Family of Promise, teen programing, etc.. Funding for these expenditures are dependent upon donations.Process Used According to State Statute, all expenditures from this fund must be for police, fire and other emergency or public safety-related services, equipment, and and training, excluding pension obligations, or qualifying public service organizations. It can also include playground equipment within a city park or for construction or maintenance of a veterans memorial within a city park. A D O P T E D 2 0 2 6 B U D G E T C I T Y O F A N D O V E R , M I N N E S O T A Finance Director 103 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 1,802$ 8,682$ 8,682$ 10,682$ Revenues Charges for Services 11,870 10,000 10,000 12,000 Investment Income 6,880 1,500 2,000 2,000 Total Revenues:18,750 11,500 12,000 14,000 Other Sources Transfers In - - - - Total Revenues and Other Sources:18,750 11,500 12,000 14,000 Total Available:20,552 20,182 20,682 24,682 Expenditures Other Services and Charges 11,870 10,000 10,000 12,000 Other Uses Transfers Out - - - - Total Expenditures and Other Uses:11,870 10,000 10,000 12,000 Fund Balance, December 31 8,682$ 10,182$ 10,682$ 12,682$ Change in Fund Balance 6,880$ 1,500$ 2,000$ 2,000$ 382%17%23%19% Description City of Andover Special Revenue Funds Crack Seal & Pavement Seal Fund Statement of Revenues, Expenditures and Changes in Fund Balance 104 Fund: Crack Seal & Pavement Seal Activity Type/Code:Special Revenue Department Head: Expenditure Highlights General Activity Description The Crack Seal and Pavement Seal Special Revenue Fund was established in The Crack Seal and Pavement Seal Special Revenue Fund accounts for 1996 and is utilized for the first application of crack seal and pavement seal in contribuitions associated with land development to be used for the respective new developments.developments first application of crack seal and pavement seal. Process Used The City has an annual crack seal and pavement seal program. When possible, new developments will be crack sealed and pavement sealed within the first three years of construction. C I T Y O F A N D O V E R , M I N N E S O T A Dir of PW / City Engineer A D O P T E D 2 0 2 6 B U D G E T 105 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 47,938$ -$ -$ -$ Revenues Intergovernmental 1,168,466 - - - Investment Income 23,569 - - - Total Revenues:1,192,035 - - - Other Sources Transfers In - - - - Total Revenues and Other Sources:1,192,035 - - - Total Available:1,239,973 - - - Expenditures Purchased Services 296,150 - - - Capital Outlay 943,823 - - - Total Expenditures:1,239,973 - - - Other Uses Transfers Out - - - - Total Expenditures and Other Uses:1,239,973 - - - Fund Balance, December 31 -$ -$ -$ -$ Change in Fund Balance (47,938)$ -$ -$ -$ -100%n/a n/a n/a City of Andover Special Revenue Funds CARES Act / ARPA Funding Statement of Revenues, Expenditures and Changes in Fund Balance Description 106 Fund: CARES Act / ARPA Funding Activity Type/Code:Special Revenue Department Head: Expenditure Highlights General Activity Description In 2022, the ARPA Funding can be used to:The CARES Act / ARPA Funding Special Revenue Fund accounts for money distributed to local governments to assist with the financial strain caused by 1. Support public health / safety response COVID-19. 2. Replace public sector revenue loss 3. Water and sewer infrastruction Process Used 4. Address negative economic impacts 5. Premium pay for essential workers Federal guidance indicates that the City can have discretion to determine 6. Broadband infrastructure what the funds can be used for based on compliance to the guidelines provided. The CARES Act provides that payments from the fund may only The current proposal included:be used to cover costs that (1) are necessary expenditures incurred due to the public health emergency with respect to the Coronavirus Disease 2019; (2) Support public health / safety response 200,000$ were not accounted for in the budget most recently approved as of March 27, Water infrastructure 2,075,738 2020 for the State or government; and (3) were incurred during the period that Facility maintenance 945,875 begins on March 1, 2020 and ends on December 30, 2020. New pedestrian trail 400,000 3,621,613$ On March 11, 2021, the American Rescue Plan Act (ARPA) was signed into law. ARPA is a $1.9 trillion package that includes direct relief to states, counties, cities, and towns, as well as public utilities, libraries and transit agencies. The City of Andover received approximately $3.6 million in two distributions - July 2021 and July 2022. C I T Y O F A N D O V E R , M I N N E S O T A Finance Director A D O P T E D 2 0 2 6 B U D G E T 107 This page left blank intentionally. 108 CITY OF ANDOVER, MINNESOTA 2026 ANNUAL BUDGET DEBT SERVICE FUNDS DEFINITION: A debt service fund accounts for the accumulation of resources for, and the payment of general long-term principal and interest. Repayment of the debt through principal and interest payments to bond holders is backed by the full faith and credit of the government unit. 109 This page left blank intentionally. 110 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 3,819,273$ 3,700,922$ 3,700,922$ 5,161,805$ Revenues General Property Taxes 3,874,800 4,881,034 4,881,034 4,905,158 Investment Income 88,924 - 20,500 23,000 Total Revenues:3,963,724 4,881,034 4,901,534 4,928,158 Other Sources Operating Transfers In 845,300 854,407 854,407 645,300 Total Revenues and Other Sources:4,809,024 5,735,441 5,755,941 5,573,458 Total Available:8,628,297 9,436,363 9,456,863 10,735,263 Expenditures Debt Service Principal 3,240,000 2,980,000 2,980,000 4,005,000 Interest 1,162,366 1,231,862 1,306,658 1,358,466 Other 15,250 8,400 8,400 8,400 Total Expenditures:4,417,616 4,220,262 4,295,058 5,371,866 Other Uses Operating Transfers Out 509,759 - - 32,619 Total Expenditures and Other Uses:4,927,375 4,220,262 4,295,058 5,404,485 Fund Balance, December 31 3,700,922$ 5,216,101$ 5,161,805$ 5,330,778$ Change in Fund Balance (118,351)$ 1,515,179$ 1,460,883$ 168,973$ -3%41%39%3% Description City of Andover Debt Service Funds 2026 Budget Summary - All Debt Service Funds Statement of Revenues, Expenditures and Changes in Fund Balance 111 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 421,659$ -$ -$ -$ Revenues General Property Taxes - - - - Investment Income - - - - Total Revenues:- - - - Other Sources Operating Transfers In - - - - Total Revenues and Other Sources:- - - - Total Available:421,659 - - - Expenditures Debt Service Principal 345,000 - - - Interest 6,900 - - - Other 4,000 - - - Total Expenditures:355,900 - - - Other Uses Operating Transfers Out 65,759 - - - Total Expenditures and Other Uses:421,659 - - - Fund Balance, December 31 -$ -$ -$ -$ Change in Fund Balance (421,659)$ -$ -$ -$ -100%n/a n/a n/a Description City of Andover Debt Service Funds Certificates/Capital Notes - 2020A G.O. Equipment Certificate Statement of Revenues, Expenditures and Changes in Fund Balance 112 Fund: 3214 Cost Center: 2020A G.O. Equipment Certificates Department Head: Activity Type/Code:Debt Service General Activity Description To account for the payment of principal and interest on long-term debt. Process Used The City issued $1,310,000 of Capital Notes in 2020 to facilitate the purchase of equipment. C I T Y O F A N D O V E R , M I N N E S O T A Finance Director A D O P T E D 2 0 2 6 B U D G E T Final payment made in 2024. 113 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 174,728$ 189,354$ 189,354$ 200,469$ Revenues General Property Taxes 174,066 176,715 176,715 - Investment Income 3,860 - 500 - Total Revenues:177,926 176,715 177,215 - Other Sources Operating Transfers In - - - - Total Revenues and Other Sources:177,926 176,715 177,215 - Total Available:352,654 366,069 366,569 200,469 Expenditures Debt Service Principal 155,000 160,000 160,000 165,000 Interest 8,050 4,900 4,900 1,650 Other 250 1,200 1,200 1,200 Total Expenditures:163,300 166,100 166,100 167,850 Other Uses Operating Transfers Out - - - 32,619 Total Expenditures and Other Uses:163,300 166,100 166,100 200,469 Fund Balance, December 31 189,354$ 199,969$ 200,469$ -$ Change in Fund Balance 14,626$ 10,615$ 11,115$ (200,469)$ 8%6%6%-100% City of Andover Debt Service Funds Certificates/Capital Notes - 2021A G.O. Equipment Certificate Statement of Revenues, Expenditures and Changes in Fund Balance Description 114 Fund: 3215 Cost Center: 2021A G.O. Equipment Certificates Department Head: Activity Type/Code:Debt Service General Activity Description Debt Service is scheduled as listed below: To account for the payment of principal and interest on long-term debt. Year Amount Principal Interest 2026 166,650 165,000 1,650 Process Used The City issued $630,000 of Capital Notes in 2021 to facilitate the purchase of equipment. C I T Y O F A N D O V E R , M I N N E S O T A Finance Director A D O P T E D 2 0 2 6 B U D G E T 115 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 -$ 10,145$ 10,145$ 425,097$ Revenues General Property Taxes 448,043 450,000 450,000 444,834 Investment Income 6,102 - - - Total Revenues:454,145 450,000 450,000 444,834 Other Sources Operating Transfers In - - - - Total Revenues and Other Sources:454,145 450,000 450,000 444,834 Total Available:454,145 460,145 460,145 869,931 Expenditures Debt Service Principal - - - 365,000 Interest - 20,748 33,848 48,625 Other - 1,200 1,200 1,200 Total Expenditures:- 21,948 35,048 414,825 Other Uses Operating Transfers Out 444,000 - - - Total Expenditures and Other Uses:444,000 21,948 35,048 414,825 Fund Balance, December 31 10,145$ 438,197$ 425,097$ 455,106$ Change in Fund Balance 10,145$ 428,052$ 414,952$ 30,009$ n/a 4219%4090%7% City of Andover Debt Service Funds Certificates/Capital Notes - 2024A G.O. Equipment Certificate Statement of Revenues, Expenditures and Changes in Fund Balance Description 116 Fund: 3216 Cost Center: 2024A G.O. Equipment Certificates Department Head: Activity Type/Code:Debt Service General Activity Description The projected Debt Service schedule is listed below: To account for the payment of principal and interest on long-term debt. Year Amount Principal Interest 2026 413,625$ 365,000$ 48,625$ 2027 414,875 385,000 29,875 Process Used 2028 415,125 405,000 10,125 The City is planning to issue $1,155,000 of Capital Notes in 2024 to facilitate 1,243,625$ 1,155,000$ 88,625$ the purchase of equipment. Due to the timing of issuance, the 2024 levy amount of $444,000 was transferred into the 2024A GO Equipment Certificate Capital Projects Fund and the amount issued was reduced. C I T Y O F A N D O V E R , M I N N E S O T A Finance Director A D O P T E D 2 0 2 6 B U D G E T 117 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 587,067$ 636,391$ 636,391$ 682,867$ Revenues General Property Taxes 610,131 617,257 617,257 615,419 Investment Income 14,724 - 4,000 5,000 Total Revenues:624,855 617,257 621,257 620,419 Other Sources Operating Transfers In 45,300 45,300 45,300 45,300 Total Revenues and Other Sources:670,155 662,557 666,557 665,719 Total Available:1,257,222 1,298,948 1,302,948 1,348,586 Expenditures Debt Service Principal 300,000 315,000 315,000 335,000 Interest 319,256 303,881 303,881 287,631 Other 1,575 1,200 1,200 1,200 Total Expenditures:620,831 620,081 620,081 623,831 Other Uses Operating Transfers Out - - - - Total Expenditures and Other Uses:620,831 620,081 620,081 623,831 Fund Balance, December 31 636,391$ 678,867$ 682,867$ 724,755$ Change in Fund Balance 49,324$ 42,476$ 46,476$ 41,888$ 8%7%7%6% City of Andover Debt Service Funds General Obligation Bonds - 2018A G.O. Capital Improvement Plan Bonds Statement of Revenues, Expenditures and Changes in Fund Balance Description 118 Fund: 3304 Cost Center: 2018A G.O. Capital Improvement Plan Bonds Department Head: Activity Type/Code:Debt Service General Activity Description Year Amount Principal Interest To account for the payment of principal and interest on long-term debt. 2026 622,631$ 335,000$ 287,631$ 2027 620,506 350,000 270,506 2028 626,206 370,000 256,206 Process Used 2029 624,956 380,000 244,956 2030 623,406 390,000 233,406 The City issued $10,000,000 of Capital Improvement Plan bonds in 2018 2031 621,556 400,000 221,556 to facilitate the construction of additional public works facilities. 2032 624,331 415,000 209,331 2033 621,731 425,000 196,731 2034 623,756 440,000 183,756 2035 620,125 450,000 170,125 2036 620,538 465,000 155,538 2037 620,182 480,000 140,182 2038 619,338 495,000 124,338 2039 622,603 515,000 107,603 2040 619,969 530,000 89,969 2041 621,400 550,000 71,400 2042 621,800 570,000 51,800 2043 616,588 585,000 31,588 2044 620,675 610,000 10,675 11,812,297$ 8,755,000$ 3,057,297$ The Water and Sanitary Sewer Enterprise Funds will be paying a portion of the annual debt for the new public works facilities. C I T Y O F A N D O V E R , M I N N E S O T A A D O P T E D 2 0 2 6 B U D G E T Finance Director Debt Service is scheduled as listed below: 119 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 539,948$ 596,481$ 596,481$ 655,749$ Revenues General Property Taxes 969,419 969,824 969,824 968,689 Investment Income 1,689 - - - Total Revenues:971,108 969,824 969,824 968,689 Other Sources Operating Transfers In 300,000 300,000 300,000 300,000 Total Revenues and Other Sources:1,271,108 1,269,824 1,269,824 1,268,689 Total Available:1,811,056 1,866,305 1,866,305 1,924,438 Expenditures Debt Service Principal 985,000 1,005,000 1,005,000 1,030,000 Interest 228,000 204,356 204,356 178,275 Other 1,575 1,200 1,200 1,200 Total Expenditures:1,214,575 1,210,556 1,210,556 1,209,475 Other Uses Operating Transfers Out - - - - Total Expenditures and Other Uses:1,214,575 1,210,556 1,210,556 1,209,475 Fund Balance, December 31 596,481$ 655,749$ 655,749$ 714,963$ Change in Fund Balance 56,533$ 59,268$ 59,268$ 59,214$ 10%10%10%9% City of Andover Debt Service Funds General Obligation Bonds - 2012C G.O. Taxable Abatement Bonds Statement of Revenues, Expenditures and Changes in Fund Balance Description 120 Fund: 3405 Cost Center: 2012C G.O. Abatement Bonds Department Head: Activity Type/Code:Debt Service General Activity Description To account for the payment of principal and interest on long-term debt. Year Amount Principal Interest 2026 1,208,275$ 1,030,000$ 178,275$ 2027 1,205,250 1,055,000 150,250 Process Used 2028 1,205,147 1,085,000 120,147 2029 1,212,675 1,125,000 87,675 The City sold $19,580,000 of Lease Revenue Bonds in 2004 to finance 2030 1,213,400 1,160,000 53,400 the construction of a community center. Approximately 50% of the debt 2031 1,218,000 1,200,000 18,000 will be paid for by a long-term lease arrangement with the YMCA of Minneapolis. The YMCA will run a full service YMCA out of the Community 7,262,747$ 6,655,000$ 607,747$ Center building. This issue will be used to advance refund the refunding issues sold in 2006 and 2007 that refunded the 2004 issue. C I T Y O F A N D O V E R , M I N N E S O T A Finance Director Debt Service is scheduled as listed below: A D O P T E D 2 0 2 6 B U D G E T 121 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 1,086,781$ 1,176,531$ 1,176,531$ 1,253,638$ Revenues General Property Taxes 1,024,314 1,018,100 1,018,100 1,179,308 Investment Income 29,661 - 8,000 9,000 Total Revenues:1,053,975 1,018,100 1,026,100 1,188,308 Other Sources Operating Transfers In 150,000 159,107 159,107 - Total Revenues and Other Sources:1,203,975 1,177,207 1,185,207 1,188,308 Total Available:2,290,756 2,353,738 2,361,738 2,441,946 Expenditures Debt Service Principal 600,000 630,000 630,000 660,000 Interest 507,650 476,900 476,900 444,650 Other 6,575 1,200 1,200 1,200 Total Expenditures:1,114,225 1,108,100 1,108,100 1,105,850 Other Uses Operating Transfers Out - - - - Total Expenditures and Other Uses:1,114,225 1,108,100 1,108,100 1,105,850 Fund Balance, December 31 1,176,531$ 1,245,638$ 1,253,638$ 1,336,096$ Change in Fund Balance 89,750$ 69,107$ 77,107$ 82,458$ 8%6%7%7% City of Andover Debt Service Funds General Obligation Bonds - 2019A G.O. Taxable Abatement Bonds Statement of Revenues, Expenditures and Changes in Fund Balance Description 122 Fund: 3406 Cost Center: 2019A G.O. Taxable Abatement Bonds Department Head: Activity Type/Code:Debt Service General Activity Description To account for the payment of principal and interest on long-term debt. Year Amount Principal Interest 2026 1,104,650$ 660,000$ 444,650$ 2027 1,105,775 695,000 410,775 Process Used 2028 1,100,275 725,000 375,275 2029 1,106,850 765,000 341,850 The City sold $15,770,000 of Taxable Abatement Bonds in 2019 to finance 2030 1,105,650 795,000 310,650 the expansion of the community center. 2031 1,103,250 825,000 278,250 2032 1,108,850 860,000 248,850 2033 1,107,675 885,000 222,675 2034 1,105,750 910,000 195,750 2035 1,108,000 940,000 168,000 2036 1,104,425 965,000 139,425 2037 1,105,025 995,000 110,025 2038 1,104,725 1,025,000 79,725 2039 1,103,525 1,055,000 48,525 2040 1,106,350 1,090,000 16,350 16,580,775$ 13,190,000$ 3,390,775$ The portion of park dedication fees collected will be used to offset the debt service levy, not to exceed $1,000,000. Transfers to date are: Year Amount 2020 175,146$ 2021 202,604 2022 163,143 2023 150,000 690,893$ C I T Y O F A N D O V E R , M I N N E S O T A Finance Director Debt Service is scheduled as listed below: A D O P T E D 2 0 2 6 B U D G E T 123 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 1,009,090$ 1,092,020$ 1,092,020$ 1,152,698$ Revenues General Property Taxes 648,827 649,138 649,138 701,553 Investment Income 32,888 - 8,000 9,000 Total Revenues:681,715 649,138 657,138 710,553 Other Sources Operating Transfers In 350,000 350,000 350,000 300,000 Total Revenues and Other Sources:1,031,715 999,138 1,007,138 1,010,553 Total Available:2,040,805 2,091,158 2,099,158 2,163,251 Expenditures Principal 855,000 870,000 870,000 885,000 Interest 92,510 75,260 75,260 57,710 Other 1,275 1,200 1,200 1,200 Total Expenditures:948,785 946,460 946,460 943,910 Other Uses Operating Transfers Out - - - - Total Expenditures and Other Uses:948,785 946,460 946,460 943,910 Fund Balance, December 31 1,092,020$ 1,144,698$ 1,152,698$ 1,219,341$ Change in Fund Balance 82,930$ 52,678$ 60,678$ 66,643$ 8%5%6%6% City of Andover Debt Service Funds General Obligation Bonds - 2021A G.O. Street Reconstruction Statement of Revenues, Expenditures and Changes in Fund Balance Description 124 Fund: 3703 Cost Center: 2021A G.O. Street Reconstruction Department Head: Activity Type/Code:Debt Service General Activity Description Debt Service is scheduled as listed below: To account for the payment of principal and interest on long-term debt. Year Amount Principal Interest 2026 942,710$ 885,000$ 57,710$ 2027 944,810 905,000 39,810 Process Used 2028 951,135 925,000 26,135 2029 946,395 930,000 16,395 The City issued $7,135,000 of Street Reconstruction Bonds in 2021 to 2030 945,640 940,000 5,640 facilitate the reconstruction of streets. 4,730,690$ 4,585,000$ 145,690$ C I T Y O F A N D O V E R , M I N N E S O T A Finance Director A D O P T E D 2 0 2 6 B U D G E T 125 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 -$ -$ -$ 791,287$ Revenues General Property Taxes - 1,000,000 1,000,000 995,355 Other Sources Operating Transfers In - - - - Total Revenues and Other Sources:- 1,000,000 1,000,000 995,355 Total Available:- 1,000,000 1,000,000 1,786,642 Expenditures Debt Service Principal - - - 565,000 Interest - 145,817 207,513 339,925 Other - 1,200 1,200 1,200 Total Expenditures:- 147,017 208,713 906,125 Other Uses Operating Transfers Out - - - - Total Expenditures and Other Uses:- 147,017 208,713 906,125 Fund Balance, December 31 -$ 852,983$ 791,287$ 880,517$ Change in Fund Balance -$ 852,983$ 791,287$ 89,230$ n/a n/a n/a 11% Description City of Andover Debt Service Funds General Obligation Bonds - 2024A G.O. Street Reconstruction Statement of Revenues, Expenditures and Changes in Fund Balance 126 Fund: 3704 Cost Center: 2024A G.O. Street Reconstruction Department Head: Activity Type/Code:Debt Service General Activity Description The projected Debt Service schedule is listed below: To account for the payment of principal and interest on long-term debt. Year Amount Principal Interest 2026 904,925$ 565,000$ 339,925$ 2027 935,175 625,000 310,175 Process Used 2028 933,175 655,000 278,175 2029 934,550 690,000 244,550 The City is planning to issue $7,440,000 of Street Reconstruction Bonds 2030 929,300 720,000 209,300 in to facilitate the reconstruction of streets. 2031 932,300 760,000 172,300 2032 928,425 795,000 133,425 2033 927,675 835,000 92,675 2034 934,200 880,000 54,200 2035 933,300 915,000 18,300 9,293,025$ 7,440,000$ 1,853,025$ A D O P T E D 2 0 2 6 B U D G E T C I T Y O F A N D O V E R , M I N N E S O T A Finance Director 127 This page left blank intentionally. 128 CITY OF ANDOVER, MINNESOTA 2026 ANNUAL BUDGET CAPITAL PROJECTS FUNDS DEFINITION: Capital Projects Funds can be used to account for acquisition or construction of major capital facilities financed mainly with governmental fund resources, general obligation debt, special assessments, special assessment debt, grants, or other resources that are not part of proprietary funds or trust funds. 129 This page left blank intentionally. 130 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 38,647,330$ 45,384,280$ 45,384,280$ 44,261,057$ Revenues General Property Taxes 2,424,627 3,184,868 3,184,868 3,412,165 Tax Increments 155,822 70,000 101,500 - Special Assessments 1,087,685 2,187,000 1,717,400 3,737,400 Intergovernmental 6,893,146 5,693,153 5,706,639 10,013,083 Investment Income 1,804,467 77,500 897,000 880,000 User Charges 1,720,592 260,685 3,390,280 270,495 Miscellaneous 202,025 340,000 430,978 278,000 Total Revenues:14,288,364 11,813,206 15,428,665 18,591,143 Other Sources Transfers In 1,512,459 710,100 1,460,100 840,729 Bond Proceeds 8,595,000 - - - Bond Premium 711,221 - - - Proceeds from Sale of Capital Assets 25,059 - - - Total Other Sources:10,843,739 710,100 1,460,100 840,729 Total Revenues and Other Sources:25,132,103 12,523,306 16,888,765 19,431,872 Total Available:63,779,433 57,907,586 62,273,045 63,692,929 Expenditures Purchased Services 150,666 - - - Other Services and Charges 10,639,301 14,521,126 14,458,811 10,794,672 Capital Outlay 6,609,959 4,176,807 2,984,896 15,805,000 Total Expenditures:17,399,926 18,697,933 17,443,707 26,599,672 Other Uses Operating Transfers Out 995,227 568,281 568,281 451,255 Total Expenditures and Other Uses:18,395,153 19,266,214 18,011,988 27,050,927 Fund Balance, December 31 45,384,280$ 38,641,372$ 44,261,057$ 36,642,002$ Change in Fund Balance 6,736,950$ (6,742,908)$ (1,123,223)$ (7,619,055)$ 17%-15%-2%-17% Description City of Andover Capital Projects Funds 2026 Budget Summary - All Capital Projects Funds Statement of Revenues, Expenditures and Changes in Fund Balance 131 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 8,464,540$ 7,359,808$ 7,359,808$ 9,150,145$ Revenues Special Assessments 33,272 25,000 6,000 5,000 Intergovernmental 5,767,505 - 13,486 8,000,000 Investment Income 407,337 25,000 150,000 175,000 User Charges 864,316 92,775 1,530,025 96,490 Total Revenues:7,072,430 142,775 1,699,511 8,276,490 Other Sources Transfers In 300,000 300,000 300,000 400,000 Total Revenues and Other Sources:7,372,430 442,775 1,999,511 8,676,490 Total Available:15,836,970 7,802,583 9,359,319 17,826,635 Expenditures Other Services and Charges 3,839,947 50,000 50,000 50,000 Capital Outlay 4,342,988 100,000 100,000 8,075,000 Total Expenditures:8,182,935 150,000 150,000 8,125,000 Other Uses Operating Transfers Out 294,227 59,174 59,174 151,255 Total Expenditures and Other Uses:8,477,162 209,174 209,174 8,276,255 Fund Balance, December 31 7,359,808$ 7,593,409$ 9,150,145$ 9,550,380$ Change in Fund Balance (1,104,732)$ 233,601$ 1,790,337$ 400,235$ -13%3%24%4% Description City of Andover Capital Projects Funds Water Trunk Fund Statement of Revenues, Expenditures and Changes in Fund Balance 132 Fund:4110 Cost Center:Water Trunk Department Head: Activity Type/Code:Capital Projects Expenditure Highlights General Activity Description Projects planned for 2026 include: The Water Trunk Capital Projects Fund accounts for water access fees and trunk improvements as part of development. New Development Projects 75,000$ Red Oaks Monitoring Area 8,000,000 Water Main Gate Valve Replacement 50,000 Process Used 8,125,000$ The water system is continually reviewed by the Engineering and Water Departments through studies of service, water quality, and future system expansion or improvements. Projects planned for 2025 include: New Development Projects 70,000$ Water Main Gate Valve Replacement 50,000 Water Main Improvements 30,000 150,000$ A portion of the connection fee is used to support the Water Treatment Plant and is transferred to the Water Enterprise Fund. C I T Y O F A N D O V E R , M I N N E S O T A City Engineer A D O P T E D 2 0 2 6 B U D G E T 133 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 8,956,614$ 8,657,228$ 8,657,228$ 9,261,862$ Revenues Special Assessments - 20,000 - 1,020,000 Investment Income 456,712 50,000 170,000 200,000 User Charges 126,664 14,960 174,634 15,705 Total Revenues:583,376 84,960 344,634 1,235,705 Other Sources Transfers In 400,000 400,000 400,000 400,000 Total Revenues and Other Sources:983,376 484,960 744,634 1,635,705 Total Available:9,939,990 9,142,188 9,401,862 10,897,567 Expenditures Other Services and Charges 2,196 - - - Capital Outlay 1,280,566 140,000 140,000 3,995,000 Total Expenditures:1,282,762 140,000 140,000 3,995,000 Other Uses Operating Transfers Out - - - - Total Expenditures and Other Uses:1,282,762 140,000 140,000 3,995,000 Fund Balance, December 31 8,657,228$ 9,002,188$ 9,261,862$ 6,902,567$ Change in Fund Balance (299,386)$ 344,960$ 604,634$ (2,359,295)$ -3%4%7%-25% Description City of Andover Capital Projects Funds Sewer Trunk Fund Statement of Revenues, Expenditures and Changes in Fund Balance 134 Fund:4120 Cost Center:Sewer Trunk Department Head: Activity Type/Code:Capital Projects Expenditure Highlights General Activity Desciption Projects planned for 2025 include:The Sewer Trunk Capital Projects Fund accounts for access fees and sanitary sewer improvements. City sewage flows through a pipe and lift New Development Projects 145,000$ station system to a large sewer interceptor, which is then carried to a Rural Reserve - Area Analysis & Sanitary Sewer 3,850,000 metro treatment plant. 3,995,000$ Process Used Projects planned for 2025 include:The Sewer and Engineering Departments continually review the system to determine the proper sizing of pipes and lift stations to process sewage. New Development Projects 140,000$ C I T Y O F A N D O V E R , M I N N E S O T A City Engineer A D O P T E D 2 0 2 6 B U D G E T 135 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 12,495,605$ 11,097,367$ 11,097,367$ 10,567,001$ Revenues General Property Taxes 1,756,039 2,514,868 2,514,868 2,517,165 Special Assessments 1,050,888 2,139,000 1,709,000 2,710,000 Intergovernmental 1,036,098 5,693,153 5,693,153 1,763,083 Investment Income 529,784 - 200,000 225,000 Miscellaneous - - 513 - Total Revenues:4,372,809 10,347,021 10,117,534 7,215,248 Other Sources Transfers In 8,000 10,100 10,100 8,110 Total Revenues and Other Sources:4,380,809 10,357,121 10,127,634 7,223,358 Total Available:16,876,414 21,454,488 21,225,001 17,790,359 Expenditures Other Services and Charges 5,368,590 10,288,000 10,168,000 5,759,929 Capital Outlay 210,457 290,000 290,000 - Total Expenditures:5,579,047 10,578,000 10,458,000 5,759,929 Other Uses Operating Transfers Out 200,000 200,000 200,000 200,000 Total Expenditures and Other Uses:5,779,047 10,778,000 10,658,000 5,959,929 Fund Balance, December 31 11,097,367$ 10,676,488$ 10,567,001$ 11,830,430$ Change in Fund Balance (1,398,238)$ (420,879)$ (530,366)$ 1,263,429$ -11%-4%-5%12% Description City of Andover Capital Projects Funds Road and Bridge Fund Statement of Revenues, Expenditures and Changes in Fund Balance 136 Fund:4140 Road and Bridge Department Head: Capital Projects Expenditure Highlights General Activity Description Some of the major 2026 projects are as follows:The Road and Bridge Fund accounts for road projects and the Pavement Management Program. Annual Street Crack Seal 150,000$ Pedestrian Trail Maintenance 70,000 Curb, Sidewalk & Ped Ramp Replacement 120,000 Process Used Annual Pavement Markings 100,000 Gravel Road Improvements 23,000 Construction projects are identified by the capital improvement process Mill & Overlay 85,000 and contained in the five-year Capital Improvement Plan (CIP). The Pavement Rejuvenator Application 175,000 council approves the CIP annually, thereby initiating a process of feasibility Street Full Depth Reclamation 2,690,000 study, preparation of plans and specifications, public hearings, ordering of Annual Street Reconstruction 446,929 the project, bidding the project and construction. MSA - Intersection Upgrades 1,900,000 This fund also accounts for the pavement management program, which 5,759,929$ includes annual seal coating, crack sealing and overlays for roads. Some of the major 2025 projects are as follows: Annual Street Crack Seal 150,000$ Pedestrian Trail Maintenance 67,000 Curb, Sidewalk & Ped Ramp Replacement 120,000 Annual Pavement Markings 98,000 Gravel Road Improvements 22,000 Mill & Overlay 985,000 Pavement Rejuvenator Application 175,000 Street Full Depth Reclamation 2,831,000 MSA - Intersection Upgrades 4,000,000 MSA - Signal Improvements 750,000 MSA - New & Reconstruct Routes 540,000 MSA - Trail 290,000 MSA - Mill & Overlay 550,000 10,578,000$ C I T Y O F A N D O V E R , M I N N E S O T A A D O P T E D 2 0 2 6 B U D G E T City EngineerCost Center: Activity Type/Code: 137 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 2,148,951$ 2,320,425$ 2,320,425$ 3,237,524$ Revenues General Property Taxes 15,514 15,000 15,000 15,000 Investment Income 118,617 - 50,000 60,000 User Charges 605,701 126,975 1,396,177 131,400 Miscellaneous 14,338 - 10,435 - Total Revenues:754,170 141,975 1,471,612 206,400 Other Sources Transfers In - - - - Total Revenues and Other Sources:754,170 141,975 1,471,612 206,400 Total Available:2,903,121 2,462,400 3,792,037 3,443,924 Expenditures Other Services and Charges 1,710 25,000 25,000 35,000 Capital Outlay 430,986 260,000 370,406 455,000 Total Expenditures:432,696 285,000 395,406 490,000 Other Uses Operating Transfers Out 150,000 159,107 159,107 - Total Expenditures and Other Uses:582,696 444,107 554,513 490,000 Fund Balance, December 31 2,320,425$ 2,018,293$ 3,237,524$ 2,953,924$ Change in Fund Balance 171,474$ (302,132)$ 917,099$ (283,600)$ 8%-13%40%-9% Description City of Andover Capital Projects Funds Park Dedication Projects Statement of Revenues, Expenditures and Changes in Fund Balance 138 Fund:4150 Park Dedication Projects Department Head: Capital Projects Expenditure Highlights General Activity Desciption 2026 Projects include:The Park Dedication Fund accounts for contributions associated with land development to be used for constructing and upgrading the City's Annual Miscellaneous Projects 25,000$ park system. Annual Park Tree Additions 10,000 Tom Anderson Trail - Bench Additions 5,000 Skate Park - Expansion & Improvements 250,000 Process Used Sunshine Park - Parking Lot Lights West & South 30,000 Hawkridge Park - Pave Parking Lot 150,000 The Park and Recreation Commission evaluates the needs of the Oakview Park - Improvements 20,000 community with regard to park and recreation facilities. Recommendations are made to the City Council and projects are then 490,000$ placed into the annual City Capital Improvement Plan. 2025 Projects include: Annual Miscellaneous Projects 25,000$ Fields of Winslow Cove - New Park 170,000 Sunshine Park Basketball Court Improvements 65,000 Anoka County Dog Park Improvements 25,000 285,000$ A portion of park dedication fees collected will be used to offset the debt service levy for the Community Center expansion, not to exceed $1,000,000. 2020 175,146$ 2021 202,604 2022 163,143 2023 150,000 2024 150,000 2025 159,107 1,000,000$ C I T Y O F A N D O V E R , M I N N E S O T A City Engineer A D O P T E D 2 0 2 6 B U D G E T Cost Center: Activity Type/Code: 139 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 784,850$ 755,719$ 755,719$ 853,219$ Revenues General Property Taxes 354,030 355,000 355,000 355,000 Intergovernmental - - - - Investment Income 32,851 - 14,000 16,000 Total Revenues:386,881 355,000 369,000 371,000 Other Sources Transfers In - - - - Total Revenues and Other Sources:386,881 355,000 369,000 371,000 Total Available:1,171,731 1,110,719 1,124,719 1,224,219 Expenditures Other Services and Charges 222,914 174,500 186,500 265,000 Capital Outlay 193,098 85,000 85,000 105,000 Total Expenditures:416,012 259,500 271,500 370,000 Other Uses Operating Transfers Out - - - - Total Expenditures and Other Uses:416,012 259,500 271,500 370,000 Fund Balance, December 31 755,719$ 851,219$ 853,219$ 854,219$ Change in Fund Balance (29,131)$ 95,500$ 97,500$ 1,000$ -4%13%13%0% Description City of Andover Capital Projects Funds Building Fund Statement of Revenues, Expenditures and Changes in Fund Balance 140 Fund:4160 Cost Center:Building Fund Department Head: Activity Type/Code:Capital Projects Expenditure Highlights General Activity Description The Building Fund accounts for miscellaneous building improvement Projects planned for 2026 include:projects for all facilities, including land acquisitions. Annual parking lot maintenance 45,000$ City Hall Remodel 175,000 Process Used Replacement - Salt Shed Roof 30,000 Replacement - Emergency Generator FS #3 50,000 Facilities are reviewed annually for non-recurring repairs or for future Inspection of Switch Gear - CH & PW 15,000 facility needs. New - Supplemental Heat in PW Washbay 55,000 370,000$ Projects planned for 2025 include: Annual parking lot maintenance 45,000$ Replacement - Emergency Generator FS #2 35,000 Replacement - Water Heater ASN 5,000 Replacement - Fan Coil Unit ASN 6,500 Replacement - Garage Door Springs FS #2 18,000 Replacement - Sunshine Parking Lot Lights 50,000 City Hall Remodel 100,000 259,500$ C I T Y O F A N D O V E R , M I N N E S O T A Finance Director A D O P T E D 2 0 2 6 B U D G E T 141 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 1,135,052$ 1,266,971$ 1,266,971$ 1,846,415$ Revenues Investment Income 54,083 - - - User Charges 123,911 25,975 289,444 26,900 Miscellaneous - 250,000 290,000 250,000 Total Revenues:177,994 275,975 579,444 276,900 Other Sources Transfers In - - - - Total Revenues and Other Sources:177,994 275,975 579,444 276,900 Total Available:1,313,046 1,542,946 1,846,415 2,123,315 Expenditures Other Services and Charges 46,075 - - - Capital Outlay - 1,600,000 - 1,700,000 Total Expenditures:46,075 1,600,000 - 1,700,000 Other Uses Operating Transfers Out - - - - Total Expenditures and Other Uses:46,075 1,600,000 - 1,700,000 Fund Balance, December 31 1,266,971$ (57,054)$ 1,846,415$ 423,315$ Change in Fund Balance 131,919$ (1,324,025)$ 579,444$ (1,423,100)$ 12%-105%46%-77% City of Andover Capital Projects Funds Trail & Transportation Statement of Revenues, Expenditures and Changes in Fund Balance Description 142 Fund:4170 Cost Center:Trail & Transportation Activity Type/Code:Capital Projects Department Head: Expenditure Highlights General Activity Description The Trail and Transportation Capital Projects Fund accounts for contributions Projects planned for 2026 include:associated with land development to be used for constructing and upgrading the City's Trail System. 8' Bituminous Trail and Bridge along Coon Creek - Prairie Road to Catchers Creek East Addition 850,000$ Process Used 8' Bituminous Trail along Crosstown Blvd - Xeon St to Prairie Road 850,000 The Park and Recreation Commission evaluates the needs of the community with regard to trail facilities. Recommendations are made to the City Council 1,700,000$ and projects are then placed into the annual City Capital Improvement Plan. Projects planned for 2025 include: 8' Bituminous Trail along Coon Creek - East to existing trail in Shadowbrook 800,000$ 8' Bituminous Trail along Crosstown Blvd - Xeon St to Prairie Road 800,000 * 1,600,000$ * this segment will only be constructed if funds are available. C I T Y O F A N D O V E R , M I N N E S O T A Dir of PW / City Engineer A D O P T E D 2 0 2 6 B U D G E T 143 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 3,062,213$ 3,728,040$ 3,728,040$ 4,335,036$ Revenues General Property Taxes 299,044 300,000 300,000 525,000 Intergovernmental 89,543 - - 250,000 Investment Income 155,525 - 75,000 100,000 Miscellaneous 94,716 - 85,030 - Total Revenues:638,828 300,000 460,030 875,000 Other Sources Transfers In 360,459 - 750,000 32,619 Proceeds from Sale of Capital Assets 25,059 - - - Total Other Sources:385,518 - 750,000 32,619 Total Revenues and Other Sources:1,024,346 300,000 1,210,030 907,619 Total Available:4,086,559 4,028,040 4,938,070 5,242,655 Expenditures Other Services and Charges 214,031 56,500 56,500 - Capital Outlay 144,488 628,000 546,534 1,475,000 Total Expenditures:358,519 684,500 603,034 1,475,000 Other Uses Operating Transfers Out - - - - Total Expenditures and Other Uses:358,519 684,500 603,034 1,475,000 Fund Balance, December 31 3,728,040$ 3,343,540$ 4,335,036$ 3,767,655$ Change in Fund Balance 665,827$ (384,500)$ 606,996$ (567,381)$ 22%-10%16%-13% City of Andover Capital Projects Funds Capital Equipment Reserve Statement of Revenues, Expenditures and Changes in Fund Balance Description 144 Fund:4180 Cost Center:Capital Equipment Reserve Activity Type/Code:Capital Projects Department Head: Expenditure Highlights General Activity Description Projects planned for 2026 include:Resources for this fund come from residual fund transfers, interest earnings, and property tax (capital) levy. Replacement - Rescue 21 #4819 350,000$ Process Used Replacement - Tahoe #16 65,000 Replacement - One Ton Truck w/ Plow #577 110,000 During the budget processes, it was determined that various capital Replacement - Watchfire Sign CH 80,000 expenditures were necessary. The Andover Management Team and Andover Replacement - SCALE DR Solution 20,000 Vehicle Purchasing Committee reviewed departmental needs and prioritized Replacement - Dump Truck w/ Plow #00-198 350,000 capital needs. 975,000$ Projects planned for 2025 include: Replacement - 800 MHz Radios 50,000$ Replacement - One Ton Truck w/ Plow #134 110,000 Replacement - HPE VMWare Server Hosts 20,000 Replacement - GPS Antenna Survey Unit 28,000 Replacement - Sign Truck #08-408 100,000 Replacement - Mini Split QCTV Control Room 6,500 Replacement - Grass & Rescue Vehicle 335,000 Replacement - Thermal Imaging Cameras 35,000 684,500$ The one-time operating transfer consists of increasing the natural disaster reserve to $500,000 ($150,000 addition), providing the City's match ($250,000) for the Kelsey Round Lake trail reconstruction, and to advance the replacement of a plow truck ($350,000). C I T Y O F A N D O V E R , M I N N E S O T A Finance Director A D O P T E D 2 0 2 6 B U D G E T 145 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 -$ 1,422,956$ 1,422,956$ -$ Revenues Investment Income (152) - 30,000 - Other Sources Transfers In 444,000 - - - Bond Proceeds 1,155,000 - - - Bond Premium 52,730 - - - Total Other Sources:1,651,730 - - - Total Revenues and Other Sources:1,651,578 - 30,000 - Total Available:1,651,578 1,422,956 1,452,956 - Expenditures Purchased Services 20,246 - - - Capital Outlay 7,376 1,073,807 1,452,956 - Total Expenditures:27,622 1,073,807 1,452,956 - Other Uses Operating Transfers Out 201,000 - - - Total Expenditures and Other Uses:228,622 1,073,807 1,452,956 - Fund Balance, December 31 1,422,956$ 349,149$ -$ -$ Change in Fund Balance 1,422,956$ (1,073,807)$ (1,422,956)$ -$ n/a -75%-100%n/a City of Andover Capital Projects Funds 2024A G.O. Equipment Certificate Statement of Revenues, Expenditures and Changes in Fund Balance Description 146 Fund:4216 2024A G.O. Equipment Certificates Department Head: Capital Projects Expenditure Highlights General Activity Description The following is a list of equipment planned to be purchased with a 2024A G.O.This fund accounts for major capital equipment purchases. Resources Equipment Certificate. for the capital equipment come from the issuance of equipment notes. The notes are typically of a 5-year duration and debt service is funded via Vehicle / Equipment Replacements:the annual tax levy. Replacement - Fire Engine 31 #4800 1,000,000$ Replacement - Dump Truck w/ Snow Removal #200 325,000 New - Trail Machine 220,000 Process Used 1,545,000$ During the 2024 budget process, it was determined that various capital equipment was necessary. The new trail machine was purchased in 2023 with a reimbursement resolution in place to reimburse the Capital Equipment Reserve Capital Projects Fund from the bond proceeds to take advantage of cost savings. C I T Y O F A N D O V E R , M I N N E S O T A Cost Center:Finance Director Activity Type/Code: A D O P T E D 2 0 2 6 B U D G E T 147 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 985,834$ 317,185$ 317,185$ 143,374$ Revenues Tax Increments 155,822 70,000 101,500 - Investment Income 26,396 - 2,500 - Miscellaneous 92,971 90,000 45,000 28,000 Total Revenues:275,189 160,000 149,000 28,000 Other Sources Transfers In - - - - Total Revenues and Other Sources:275,189 160,000 149,000 28,000 Total Available:1,261,023 477,185 466,185 171,374 Expenditures Other Services and Charges 943,838 277,126 322,811 66,672 Capital Outlay - - - - Total Expenditures:943,838 277,126 322,811 66,672 Other Uses Operating Transfers Out - - - - Total Expenditures and Other Uses:943,838 277,126 322,811 66,672 Fund Balance, December 31 317,185$ 200,059$ 143,374$ 104,702$ Change in Fund Balance (668,649)$ (117,126)$ (173,811)$ (38,672)$ -68%-37%-55%-27% Description City of Andover Capital Projects Funds Tax Increment Projects Statement of Revenues, Expenditures and Changes in Fund Balance 148 Fund:4501 Tax Increment Projects Department Head: Capital Projects Expenditure Highlights General Activity Description 2026 Budgeted expenditures include:The Tax Increment Projects Fund accounts for activities in TIF districts 1-1, 1-2, 1-3, 1-4, 1-5 and 1-6 and all TIF land sales and expenditures to Rental Property Expenditures 25,000$ reach the goals of the TIF district plans. TIF Administration 41,672 66,672$ Process Used 2025 Budgeted expenditures include:Promotion and expansion of the commercial / industrial tax base through redevelopment of land. Redevelopment Site Purchases -$ Pay-As-You-Go Note 70,000 Rental Property Expenditures 90,000 TIF Administration 117,126 277,126$ TIF District 1-1 was decertified in 2012 and TIF District 1-2 was decertified in 2014. TIF District 1-3 and TIF District 1-4 was decertified in 2016. TIF District 1-5 will be decertified in 2026 and TIF District 1-6 was decertified in 2024. C I T Y O F A N D O V E R , M I N N E S O T A Finance Director A D O P T E D 2 0 2 6 B U D G E T Cost Center: Activity Type/Code: 149 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 613,671$ 490,510$ 490,510$ 348,410$ Revenues Special Assessments 3,525 3,000 2,400 2,400 Investment Income 23,314 2,500 5,500 4,000 Total Revenues:26,839 5,500 7,900 6,400 Other Sources Transfers In - - - - Total Revenues and Other Sources:26,839 5,500 7,900 6,400 Total Available:640,510 496,010 498,410 354,810 Expenditures Other Services and Charges - - - - Other Uses Operating Transfers Out 150,000 150,000 150,000 100,000 Total Expenditures and Other Uses:150,000 150,000 150,000 100,000 Fund Balance, December 31 490,510$ 346,010$ 348,410$ 254,810$ Change in Fund Balance (123,161)$ (144,500)$ (142,100)$ (93,600)$ -20%-29%-29%-27% Description City of Andover Capital Projects Funds Permanent Improvement Revolving Statement of Revenues, Expenditures and Changes in Fund Balance 150 Fund:4601 Cost Center:Permanent Improvement Revolving Department Head: Activity Type/Code:Capital Projects Expenditure Highlights General Activity Description No expenditures are planned for 2026. The Permanent Improvement Revolving (PIR) Fund serves as a long-term funding source for large improvement expenditures. These funds can be used to finance infrastructure improvements for new developments if City Council approved the use PIR Funds to help offset the debt requested instead of bonding for them. service payments related to the 2021A GO Street Reconstruction Bonds. The following transfers are: Operating Process Used Transfers The City has issued four bonds totaling $15.4 million thru 2008 in the 2022 400,000$ PIR Fund for large capital projects. This fund has collected over $19 million 2023 200,000 of special assessments over the past 17 years. The annual cash flow of 2024 150,000 this fund is intended to eliminate unfunded projects through effective 2025 150,000 management of debt payments and project expenditures. 2026 100,000 2027 100,000 Use of these funds for a qualifying project require a 4/5th's vote. 2028 50,000 2029 50,000 1,200,000$ C I T Y O F A N D O V E R , M I N N E S O T A Finance Director A D O P T E D 2 0 2 6 B U D G E T 151 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Fund Balance, January 1 -$ 7,968,071$ 7,968,071$ 4,518,071$ Revenues Investment Income - - 200,000 100,000 Other Sources Bond Proceeds 7,440,000 - - - Bond Premium 658,491 - - - Total Other Sources:8,098,491 - - - Total Revenues and Other Sources:8,098,491 - 200,000 100,000 Total Available:8,098,491 7,968,071 8,168,071 4,618,071 Expenditures Purchased Services 130,420 - - - Other Services and Charges - 3,650,000 3,650,000 4,618,071 Total Expenditures:130,420 3,650,000 3,650,000 4,618,071 Other Uses Operating Transfers Out - - - - Total Expenditures and Other Uses:130,420 3,650,000 3,650,000 4,618,071 Fund Balance, December 31 7,968,071$ 4,318,071$ 4,518,071$ -$ Change in Fund Balance 7,968,071$ (3,650,000)$ (3,450,000)$ (4,518,071)$ n/a -46%-43%-100% City of Andover Capital Projects Funds 2024A G.O. Street Reconstruction Bonds Statement of Revenues, Expenditures and Changes in Fund Balance Description 152 Fund:4704 2024A G.O. Street Reconstruction Bonds Department Head: Capital Projects Expenditure Highlights General Activity Description The following bond proceeds of $7,440,000 is to be used to make improvements This fund was created to account for the reconstruction of the roadways to various roads in the City of Andover.in the City of Andover. The City is proposing to issue $7,440,000 G.O. Street Reconstruction Bonds to finance these improvements. Some of the major projects are as follows: 2024 Bond Issuance Fees 130,420$ Process Used 2025 R & B - Annual Street Reconstruction 3,650,000 2026 R & B - Annual Street Reconstruction 4,618,071 Large projects that require more funding that the annual allocation lead themselves to being financed through a long-term issuance of bonds. 8,398,491$ Roads are inspected every three years and the road conditions in Andover are deteriorating to the point where an aggressive reconstruction and mill and overlay program is needed to keep the City's roadway infrastructure at a reasonable level. Large areas will have a mill and overlay done to prolong the life of the existing pavement to add another 10 - 15 years of life and roads that are to the point of complete failure will be fully reconstructed. C I T Y O F A N D O V E R , M I N N E S O T A Cost Center:Finance Director Activity Type/Code: A D O P T E D 2 0 2 6 B U D G E T 153 This page left blank intentionally. 154 CITY OF ANDOVER, MINNESOTA 2026 ANNUAL BUDGET ENTERPRISE FUNDS DEFINITION: Governments establish enterprise funds to account for activities that consist of rendering services or providing goods to the public for which a fee or charge is collected. 155 This page left blank intentionally. 156 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Unrestricted Net Assets, January 1 13,044,147$ 14,438,347$ 14,438,347$ 13,462,957$ Revenues Charges for Services 7,166,934 6,828,858 7,067,185 7,184,380 Interest 512,103 62,500 145,000 115,000 Meters 115,911 13,000 13,000 13,000 Miscellaneous 60,610 44,000 64,106 44,000 Total Revenues:7,855,558 6,948,358 7,289,291 7,356,380 Other Sources Transfers In 294,227 59,174 59,174 151,255 Gain on the Sale of Capital Assets 3,266 - 3,248 - Total Other Sources:297,493 59,174 62,422 151,255 Total Revenues and Other Sources:8,153,051 7,007,532 7,351,713 7,507,635 Total Available:21,197,198 21,445,879 21,790,060 20,970,592 Expenditures Personal Services 1,314,104 1,420,585 1,494,950 1,567,536 Supplies and Materials 771,770 654,300 654,300 657,400 Other Services and Charges 3,111,507 3,474,326 3,474,326 3,563,824 Capital Outlay 508,118 364,000 1,781,047 397,000 Debt Service 86,806 - - - Total Expenditures:5,792,305 5,913,211 7,404,623 6,185,760 Other Uses Transfers Out 966,546 922,480 922,480 1,030,335 Total Expenditures and Other Uses:6,758,851 6,835,691 8,327,103 7,216,095 Unrestricted Net Assets, December 31 14,438,347$ 14,610,188$ 13,462,957$ 13,754,497$ Change in Unrestricted Net Assets 1,394,200$ 171,841$ (975,390)$ 291,540$ 11%1%-7%2% Description City of Andover Enterprise Funds 2026 Budget Summary - All Enterprise Funds Statement of Revenues, Expenditures and Changes in Fund Net Assets 157 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Unrestricted Net Assets, January 1 7,689,798$ 8,642,292$ 8,642,292$ 7,920,489$ Revenues Charges for Services 3,623,870 3,233,323 3,450,000 3,352,299 Interest 320,251 30,000 100,000 50,000 Meters 115,911 13,000 13,000 13,000 Miscellaneous 60,610 44,000 64,106 44,000 Total Revenues:4,120,642 3,320,323 3,627,106 3,459,299 Other Sources Transfers In 294,227 59,174 59,174 151,255 Gain on the Sale of Capital Assets 3,266 - 3,248 - Total Other Sources:297,493 59,174 62,422 151,255 Total Revenues and Other Sources:4,418,135 3,379,497 3,689,528 3,610,554 Total Available:12,107,933 12,021,789 12,331,820 11,531,043 Expenditures Personal Services 680,555 635,635 710,000 754,452 Supplies and Materials 730,153 579,000 579,000 580,500 Other Services and Charges 1,012,729 1,246,972 1,246,972 1,276,981 Capital Outlay 508,118 264,000 1,471,047 23,500 Debt Service 86,806 - - - Total Expenditures:3,018,361 2,725,607 4,007,019 2,635,433 Other Uses Transfers Out 447,280 404,312 404,312 499,468 Total Expenditures and Other Uses:3,465,641 3,129,919 4,411,331 3,134,901 Unrestricted Net Assets, December 31 8,642,292$ 8,891,870$ 7,920,489$ 8,396,142$ Change in Unrestricted Net Assets 952,494$ 249,578$ (721,803)$ 475,653$ 12%3%-8%6% Description City of Andover Enterprise Funds Water Statement of Revenues, Expenditures and Changes in Fund Net Assets 158 Fund: 5100 - Water Department: Cost Center: 48100 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 5.79 6.06 5.32 Actual Current Budgeted Service Expenses 2024 2025 2026 Personal Services 680,556$ 710,000$ 754,452$ Process Used Supplies & Materials 730,154 579,000 580,500 Other Services / Charges 400,046 494,437 501,481 Purchased Services 612,682 752,535 775,500 Capital Outlay - 1,471,047 23,500 Debt Service 735,301 - - Other Uses 447,280 404,312 499,468 TOTAL 3,606,019$ 4,411,331$ 3,134,901$ Service Expenses By Category Service Expense Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Number of connections 7,297 7,433 7,615 Number of wells 8 8 8 Number of elevated storage tanks 2 2 2 Water Treatment Facility 1 1 1 Expenses Per Connection Actual Current Budgeted Miles of water main 129.7 130.3 132.3 2024 2025 2026 Number of hydrants 1,387 1,395 1,411 Connections 7,297 7,433 7,615 Number of valves 3,231 3,248 3,292 Monthly 41.18$ 49.46$ 34.31$ Annual 494.18$ 593.48$ 411.67$ A D O P T E D 2 0 2 6 B U D G E T C I T Y O F A N D O V E R , M I N N E S O T A Water Utilities Supervisor Operate and maintain the City's water system including WTP, wells, towers and water mains. Provide a continuous, potable, bacteria-free water supply at proper pressure levels. Maintain customer water meters and respond to other service requests. Maintain water distribution for fire protection system needs. Conform to all State and Federal monitoring rules, provide tours and information to the public. Operate wells and WTP in a manner that ensures a safe, clean and adequate water supply, that will meet peak daily demands and fire protection demands. Maintain wells, treatment facility, and related infrastructure. Operate and maintain chemical fee equipment. Collect, analyze and record water samples daily. Maintain, test and repair water meters. Respond to emergencies 24 hours a day. Work with contractors to locate water mains, locate and operate gate valves, monitor tests during final inspections. Check WTP, 8 wells 7 days a week, 365 days per year. Flush all water mains in the spring every other year. Maintain all hydrants. Locate, operate and clean gate valves to ensure proper operation. Current 2025: Capital Outlay includes $1,345,500 for radon mitigation and the replacement of the plate settler ($180,000) at the water treatment plant. 2024 is also the final year of debt service payments. Personal Services Supplies & Materials Other Services / Charges Purchased Services Capital Outlay Debt Service Other Uses 159 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Unrestricted Net Assets, January 1 3,855,087$ 3,937,755$ 3,937,755$ 3,671,134$ Revenues Charges for Services 2,827,304 2,901,238 2,901,238 3,078,450 Interest 124,151 30,000 30,000 50,000 Total Revenues:2,951,455 2,931,238 2,931,238 3,128,450 Other Sources Transfers In - - - - Total Revenues and Other Sources:2,951,455 2,931,238 2,931,238 3,128,450 Total Available:6,806,542 6,868,993 6,868,993 6,799,584 Expenditures Personal Services 386,090 473,813 473,813 496,685 Supplies and Materials 24,726 40,300 40,300 40,900 Other Services and Charges 1,958,802 1,978,444 1,978,444 2,026,711 Capital Outlay - 100,000 205,000 3,500 Total Expenditures:2,369,618 2,592,557 2,697,557 2,567,796 Other Uses Transfers Out 499,169 500,302 500,302 500,381 Total Expenditures and Other Uses:2,868,787 3,092,859 3,197,859 3,068,177 Unrestricted Net Assets, December 31 3,937,755$ 3,776,134$ 3,671,134$ 3,731,407$ Change in Unrestricted Net Assets 82,668$ (161,621)$ (266,621)$ 60,273$ 2%-4%-7%2% Description City of Andover Enterprise Funds Sanitary Sewer Statement of Revenues, Expenditures and Changes in Fund Net Assets 160 Fund: 5200 - Sanitary Sewer Department: Cost Center: 48200 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 3.15 3.40 3.38 Actual Current Budgeted Service Expenses 2024 2025 2026 Personal Services 386,090$ 473,813$ 496,685$ Supplies & Materials 24,726 40,300 40,900 Process Used Other Services / Charges 110,305 119,444 102,956 Purchased Services 1,848,496 1,859,000 1,923,755 Capital Outlay - 205,000 3,500 Other Uses 499,169 500,302 500,381 TOTAL 2,868,786$ 3,197,859$ 3,068,177$ Service Expenses By Category Service Expense Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Number of REC's 10,268 10,375 10,475 Actual Current Budgeted Number of lift stations 11 11 12 Expenses Per Connection 2024 2025 2026 Miles of sewer main 105.7 106.3 108 SAC's 10,268 10,375 10,475 Number of sewer manholes 2,511 2,526 2,546 Monthly 23.28$ 25.69$ 24.41$ Annual 279.39$ 308.23$ 292.90$ C I T Y O F A N D O V E R , M I N N E S O T A A D O P T E D 2 0 2 6 B U D G E T Sanitary Sewer Utility Supervisor City sewage is collected through a pipe and lift station network to large Metro City Sewer interceptor pipes that carry it to the Metro Treatment Plant for processing. The sewer division inspects, cleans, and maintains the City's collection system which includes breaks in pipes, manholes, and lift stations. Sewer backups caused by blockage due to debris or breaks in the pipe are cleaned and/or repaired immediately. This department maintains the integrity of the entire sanitary sewer system. Inspect all lift stations five days per week. Clean one-quarter of the City's sewer collection system via jetting and vacuuming each year. City has implemented a televising program of the collection system that analyzes the entire system over a five year period. A spot check program checks flows in problem areas. Start I/I program to monitor inflow and infiltration into sewer system. Clean known problem area once per month. Monitor, inspect and test of all new sewer lines and manholes before accepting from contractor. Respond to and record all requests from customers, respond to emergencies 24 hours a day. Contract out all major system repairs. Current 2025 Capital Outlay includes a lift station pump upgrade. Personal Services Supplies & Materials Other Services / Charges Purchased Services Capital Outlay Other Uses 161 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Unrestricted Net Assets, January 1 1,499,262$ 1,858,300$ 1,858,300$ 1,871,334$ Revenues Charges for Services 715,760 694,297 715,947 753,631 Interest 67,701 2,500 15,000 15,000 Total Revenues:783,461 696,797 730,947 768,631 Other Sources Transfers In - - - - Total Revenues and Other Sources:783,461 696,797 730,947 768,631 Total Available:2,282,723 2,555,097 2,589,247 2,639,965 Expenditures Personal Services 247,459 311,137 311,137 316,399 Supplies and Materials 16,891 35,000 35,000 36,000 Other Services and Charges 139,976 248,910 248,910 260,132 Capital Outlay - - 105,000 370,000 Total Expenditures:404,326 595,047 700,047 982,531 Other Uses Transfers Out 20,097 17,866 17,866 30,486 Total Expenditures and Other Uses:424,423 612,913 717,913 1,013,017 Unrestricted Net Assets, December 31 1,858,300$ 1,942,184$ 1,871,334$ 1,626,948$ Change in Unrestricted Net Assets 359,038$ 83,884$ 13,034$ (244,386)$ 24%5%1%-13% Description City of Andover Enterprise Funds Storm Sewer Statement of Revenues, Expenditures and Changes in Fund Net Assets 162 Fund: 5300 - Storm Sewer Department: Cost Center: 48300 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 2.10 2.19 2.33 Actual Current Budgeted Process Used Service Expenses 2024 2025 2026 Personal Services 247,459$ 311,137$ 316,399$ Supplies & Materials 16,892 35,000 36,000 Other Services / Charges 76,791 89,760 97,832 Purchased Services 63,185 159,150 162,300 Capital Outlay - 105,000 370,000 Other Uses 20,097 17,866 30,486 TOTAL 424,424$ 717,913$ 1,013,017$ Service Expenses By Category Service Expense Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Number of billable units 11,614 11,672 11,800 Mileage of storm lines maintained 87.2 87.7 88.3 Maint. of catch basins & manholes 4,311 4,342 4,382 Actual Current Budgeted Maint. of ponds 562 564 566 Expenses Per Customer 2024 2025 2026 Maint. of culverts 366 366 366 Billable Units 11,614 11,672 11,800 Miles swept 876 2360 2500 Monthly 3.05$ 5.13$ 7.15$ Storm Lift Stations 1 1 1 Annual 36.54$ 61.51$ 85.85$ C I T Y O F A N D O V E R , M I N N E S O T A Storm Sewer Utility Supervisor A D O P T E D 2 0 2 6 B U D G E T Maintenance of all storm sewers, catch basins, manholes, pipes, ditches, and sediment ponds. The ditches and storm water ponds are cleaned with a backhoe for better drainage and to avoid the ponding of stagnant water. This dirt is hauled away or dumped in low places on ditch banks. When it is dumped on site, it becomes necessary to level and grade the banks to facilitate proper mowing. All catch basins and pipes are inspected and cleaned with a vac truck. The material is then hauled away for proper disposal. Occasional use of outside contractors to maintain parts of the system. Televising a portion of the system each year to help comply with the new State and Federal regulations. Streets are swept twice a year and as needed to protect water quality and reduce maintenance to infrastructure. Purchased Services includes storm water improvements in 2025 and 2026. Capital Outlay for Budget 2026 includes the replacement of a street sweeper. Personal Services Supplies & Materials Other Services / Charges Purchased Services Capital Outlay Other Uses 163 This page left blank intentionally. 164 CITY OF ANDOVER, MINNESOTA 2026 ANNUAL BUDGET INTERNAL SERVICE FUNDS DEFINITION: Internal Service Funds are used to account for goods and services that are provided to other City departments, or to other governments, on a cost reimbursement basis. 165 This page left blank intentionally. 166 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Unrestricted Net Assets, January 1 1,209,835$ 1,547,259$ 1,547,259$ 1,619,601$ Revenues Charges for Services 1,890,353 1,965,601 1,965,601 2,061,528 Interest Income 53,748 4,000 15,000 15,000 Miscellaneous 33,243 - 14,372 - Total Revenues:1,977,344 1,969,601 1,994,973 2,076,528 Other Sources Transfers In - - - - Total Revenues and Other Sources:1,977,344 1,969,601 1,994,973 2,076,528 Total Available:3,187,179 3,516,860 3,542,232 3,696,129 Expenditures and Other Uses Personal Services 668,247 693,838 693,838 831,181 Supplies and Materials 356,840 522,920 488,700 524,920 Other Services and Charges 614,833 703,093 740,093 713,709 Total Expenditures:1,639,920 1,919,851 1,922,631 2,069,810 Other Uses Transfers Out - - - - Total Expenditures and Other Uses:1,639,920 1,919,851 1,922,631 2,069,810 Unrestricted Net Assets, December 31 1,547,259$ 1,597,009$ 1,619,601$ 1,626,319$ Change in Unrestricted Net Assets 337,424$ 49,750$ 72,342$ 6,718$ 28%3%5%0% Description City of Andover Internal Service Funds 2026 Budget Summary - All Internal Service Funds Statement of Revenues, Expenditures and Changes in Unrestricted Net Assets 167 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Unrestricted Net Assets, January 1 470,498$ 698,993$ 698,993$ 752,108$ Revenues Charges for Services 1,141,836 1,175,380 1,175,380 1,206,500 Interest Income 27,158 2,000 10,000 10,000 Miscellaneous 3,047 - - - Total Revenues:1,172,041 1,177,380 1,185,380 1,216,500 Other Sources Transfers In - - - - Total Revenues and Other Sources:1,172,041 1,177,380 1,185,380 1,216,500 Total Available:1,642,539 1,876,373 1,884,373 1,968,608 Expenditures and Other Uses Personal Services 405,851 424,622 424,622 461,277 Supplies and Materials 344,740 490,620 456,400 492,620 Other Services and Charges 192,955 259,243 251,243 258,959 Total Expenditures:943,546 1,174,485 1,132,265 1,212,856 Other Uses Transfers Out - - - - Total Expenditures and Other Uses:943,546 1,174,485 1,132,265 1,212,856 Unrestricted Net Assets, December 31 698,993$ 701,888$ 752,108$ 755,752$ Change in Unrestricted Net Assets 228,495$ 2,895$ 53,115$ 3,644$ 49%0%8%0% Description City of Andover Internal Service Funds Central Equipment Maintenance Statement of Revenues, Expenditures and Changes in Fund Net Assets 168 Fund: 6100 - Central Equipment Department: Cost Center: 48800 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 3.44 3.44 3.39 Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services 405,850$ 424,622$ 461,277$ Supplies & Materials 344,741 456,400 492,620 Other Services / Charges 111,515 135,434 137,150 Process Used Purchased Services 81,440 115,809 121,809 TOTAL 943,546$ 1,132,265$ 1,212,856$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Fleet Vehicles - Trailers 88 88 90 Inspections - DOT's & Garbage Haulers 92 96 96 Fuel - Unleaded (gal)20,000 21,500 23,000 Fuel - Diesel (gal)28,800 31,000 32,000 Battery-Powered Equipment 25 25 28 Actual Current Budgeted Snow Removal Attachments 66 66 66 Expenditures Per Capita 2024 2025 2026 Building Equipment 17 17 17 Population - Estimates 32,596 32,796 32,996 Monthly 2.41$ 2.88$ 3.06$ Annual 28.95$ 34.52$ 36.76$ C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category Vehicle Maintenance Vehicle Maintenance Supervisor A D O P T E D 2 0 2 6 B U D G E T Maintains and repairs all City motorized and non-motorized vehicles and equipment to provide safe operation. Evaluates equipment needs, orders equipment/vehicles and writes specifications. The department maintains nearly 900 pieces of equipment, in addition to, normal preventative maintenance procedures of tires, brakes, electrical, fabricating and body work. All work, except automatic transmission overhauls and major engine and body work, are done at the Vehicle Maintenance Shop. Staff inspects garbage trucks as part of their license process, and performs commercial vehicle inspections required on all applicable City vehicles including the Fire Department. City equipment is scheduled for normal service by miles driven or hours/days of service. Most work is done based on first-in first-out with the exception of any emergency repairs being done in order of importance. Emergency equipment are fire vehicles and snow removal equipment. Supplies & Materials continue to climb due to the cost of fuel and replacement parts. Purchases Services - sending items out for repairs has increased substantially. Personal Services Supplies & Materials Other Services / Charges Purchased Services 169 Actual Adopted Estimate Adopted 2024 2025 2025 2026 Unrestricted Net Assets, January 1 739,337$ 848,266$ 848,266$ 867,493$ Revenues Charges for Services 748,517 790,221 790,221 855,028 Interest Income 26,590 2,000 5,000 5,000 Miscellaneous 30,196 - 14,372 - Total Revenues:805,303 792,221 809,593 860,028 Other Sources Transfers In - - - - Total Revenues and Other Sources:805,303 792,221 809,593 860,028 Total Available:1,544,640 1,640,487 1,657,859 1,727,521 Expenditures and Other Uses Personal Services 262,396 269,216 269,216 369,904 Supplies and Materials 12,100 32,300 32,300 32,300 Other Services and Charges 421,878 443,850 488,850 454,750 Total Expenditures:696,374 745,366 790,366 856,954 Other Uses Transfers Out - - - - Total Expenditures and Other Uses:696,374 745,366 790,366 856,954 Unrestricted Net Assets, December 31 848,266$ 895,121$ 867,493$ 870,567$ Change in Unrestricted Net Assets 108,929$ 46,855$ 19,227$ 3,074$ 15%6%2%0% Description City of Andover Internal Service Funds Risk Management Statement of Revenues, Expenditures and Changes in Unrestricted Net Assets 170 Fund: 6200 - Risk Management Department: Cost Center: 48900 Director/Manager: Activity Description Actual Current Budgeted Staffing Levels 2024 2025 2026 FTE Equivalents 0.10 0.10 0.10 Actual Current Budgeted Service Expenditures 2024 2025 2026 Personal Services 262,396$ 269,216$ 369,904$ Supplies & Materials 12,100 32,300 32,300 Process Used Other Services / Charges 335,315 351,600 347,500 Purchased Services 86,563 137,250 107,250 TOTAL 696,374$ 790,366$ 856,954$ Service Expenditure Highlights Actual Current Budgeted Performance Measures 2024 2025 2026 Workers Comp Mod Factor 0.80 0.96 1.85 Commercial Insurance Change 3.6%-1.3%-2.0% Actual Current Budgeted Expenditures Per Capita 2024 2025 2026 Population - Estimates 32,596 32,796 32,996 Monthly 1.78$ 2.01$ 2.16$ Annual 21.36$ 24.10$ 25.97$ C I T Y O F A N D O V E R , M I N N E S O T A Service Expenditures By Category Risk Management Finance Director A D O P T E D 2 0 2 6 B U D G E T The Risk Management Fund was established to provide funding for compensated absences, safety training, loss reduction and insurance premium deductibles. This fund also functions to mitigate significant rate increases or decreases in property, auto, general liability and workers compensation. Departmental rates are managed by analyzing claims history. The City Administrator / Finance Director along with the Human Resources Manager promote various safety and wellness programs with the funding received. One of the most notable products is the wellness fitness room. Safety training is provided both in- house and by contracting for service. The City works through a broker and is provided insurance for general liability, automotive and workers compensation through the League of Minnesota Cities Insurance Trust. No major changes planned for Budgeted 2026. Workers Comp premium increased significantly due to recent claims history. Personal Services Supplies & Materials Other Services / Charges Purchased Services 171 This page left blank intentionally. 172 Transfer In Transfer Out Amount Purpose General Fund Water EF 76,818$ Admin allocation General Fund Sewer EF 77,731 Admin allocation General Fund Storm Sewer EF 30,486 Admin allocation 2012C GO Abatement Bonds DSF Community Center SRF 300,000 Debt service allocation 2018A GO Capital Improvement Plan Bonds DSF Water EF 22,650 Debt service allocation 2018A GO Capital Improvement Plan Bonds DSF Sewer EF 22,650 Debt service allocation 2021A GO Equipment Certificates DSF Capital Equipment Reserve CPF 32,619 Close Fund 2021A GO Street Reconstruction Bonds DSF Road & Bridge CPF 200,000 Debt service allocation 2021A GO Street Reconstruction Bonds DSF Permanent Improvement Revolving CPF 100,000 Debt service allocation Water Trunk CPF Water EF 400,000 Replacement reserve Sewer Trunk CPF Sewer EF 400,000 Replacement reserve Road and Bridge CPF Right of Way Management/Utility SRF 8,110 Roadway degredation Water EF Water Trunk CPF 151,255 Plant Operations 1,822,319$ CITY OF ANDOVER Budget Year 2026 Operating Transfers 173 CITY OF ANDOVER 2026 - 2030 CIP Development Calendar Date Activity Responsibility March 26, 2025 Council adopts 2026 Budget Development Guidelines. City Council / Staff March 27, 2025 Vehicle Purchasing Committee Review of CIP Equipment Vehicle Purchasing Committee April 14, 2025 Draft 2026 - 2030 CIP Calendar. Finance April 14 - May 2, 2025 Prepare base CIP Sheets. Finance April 22, 2025 2026 - 2030 Capital Improvement Plan Discussion City Council / Staff May 5, 2025 CIP kick-off meeting with Department Heads to discuss CIP sheet content. (if needed) Department Heads May 6, 2025 Projected cash flow statements prepared. Finance May 27, 2025 City Council progress update and Council CIP priority discussion. City Council / Staff June 3, 2025 All projects updated in CIP program. Department Heads June 4, 2025 Review projects – new and shifts. Department Heads June 24, 2025 City Council progress update and Council CIP priority discussion. City Council / Staff July - August, 2025 Commission and Committee review. Admin / Department Heads July 2, 2025 CIP project sheets completed. Department Heads July 4, 2025 July 8, 2025 CIP project sheets staff initial review. Vehicle Purchasing Committee review of CIP equipment. (if needed) Admin / Department Heads Vehicle Purchasing Committee July 22, 2025 City Council review of City Utilities projects. City Council / Staff August 1, 2025 CIP project sheet staff final review. Admin / Department Heads August 1 - 11, 2025 Preparation of final draft of 2026 - 2030 CIP for Council Workshop. Finance August 26, 2025 September 5, 2025 City Council review of draft 2026 - 2030 CIP. Publish Public Hearing City Council / Staff Finance September 16, 2025 City Council holds 2026 - 2030 CIP public hearing. City Council September 16, 2025 City Council adopts 2026 - 2030 CIP. City Council 174 2026 through 2030 Capital Improvement PlanAndover, MN Department Project #2026 2027 2028 2029 2030 Total Building Replacement - Permit & Scheduling Software 26-42300-01 15,000 0 0 0 0 15,000 General Fund 15,000 15,000 Replace the current permitting and scheduling software with a version that allows contractors/owners to pay for permits online; but also, access permits/inspections online too. Replacement - SUV #19-08 29-42300-01 0 0 0 40,000 0 40,000 Capital Equipment Reserve 40,000 40,000 Replace unit #19-08, a 2019 Chevrolet Equinox AWD w/ 49,103 miles. Replacement - SUV #20-04 30-42300-01 0 0 0 0 40,000 40,000 Capital Equipment Reserve 40,000 40,000 Replace unit #20-04, a 2020 Chevrolet Equinox AWD w/ 38,062 miles. Building Total 15,000 0 0 40,000 40,000 95,000 Central Equipment Replacement - Service Truck #01-371 27-48800-01 0 65,000 0 0 0 65,000 Capital Equipment Reserve 65,000 65,000 Replace unit #371, a 2001 Chevrolet S10 Ext Cab 4x4 truck with 157,221 miles. The replacement truck would be a crew cab with a tailgate lift. Central Equipment Total 0 65,000 0 0 0 65,000 Community Center Replacement - Door Hardware 26-44000-01 15,000 0 0 0 0 15,000 Comm Ctr Operations 15,000 15,000 Doors #1A & 1B, Door #2 and the Sports Complex double doors from the hallway were part of the expansion project and they continue to fail. Door #13 was redone in 2024. Add keyfob to Door #2 Replacement - Field House Lighting 26-44400-01 75,000 0 0 0 0 75,000 Comm Ctr Operations 75,000 75,000 Produced Using Plan-It CIP Software 175 The lighting in the original field house is in need of replacement. An LED bulb upgrade was completed in 2018. Replacement - Flooring 27-44000-01 0 15,000 0 0 0 15,000 Comm Ctr Operations 15,000 15,000 Replacement of carpet, rubber matting, and/or concrete flooring within the Andover Community Center. Replacement - East Parking Lot Pavement 27-44000-02 0 540,000 0 0 0 540,000 Comm Ctr Operations 140,000 140,000 YMCA 400,000 400,000 Reclaim and pave original parking lot on east side of the Community Center and the north and south drive lanes. Replacement - Outdoor Patio & Furniture 27-44000-05 0 20,000 0 0 0 20,000 Comm Ctr Operations 20,000 20,000 The patio area on the SW corner of the facility is in need of a resurfacing. Outdoor seating and garbage cans need to be replaced. Replacement - Battery Pack - Zamboni #04-552 27-44300-01 0 13,000 0 0 0 13,000 Central Equipment ISF 13,000 13,000 Replace Zamboni 552 battery pack. Repaint Ice Arena ceiling 27-44300-02 0 200,000 0 0 0 200,000 Comm Ctr Operations 200,000 200,000 Repaint the ice arena ceiling. Replacement - RTU#3 27-44300-03 0 230,000 0 0 0 230,000 Comm Ctr Operations 230,000 230,000 RTU #3 controls the heating/cooling for the Ice Arena hallway and all the adjacent rooms: Locker rooms, bathrooms, storage, boiler room, etc.. Replacement - ACC share of YMCA roof 28-44000-01 0 0 100,000 0 0 100,000 Comm Ctr Operations 100,000 100,000 Full roof replacement (rubber membrane). YMCA will have pool, fitness and a share of common space. Reset and paint existing gas piping while roof is under construction Replacement - Security/Door Access/Cameras 28-44000-02 0 0 25,000 0 0 25,000 Comm Ctr Operations 25,000 25,000 Add additional security features, key fobs, upgraded cameras, re key original facility doors. Department Project #2026 2027 2028 2029 2030 Total Produced Using Plan-It CIP Software 176 Replacement - Battery Pack - Lithium Ion Machine 28-44300-01 0 0 26,000 0 0 26,000 Central Equipment ISF 26,000 26,000 Replace the lithium ion battery pack for the electric Zamboni. Machine #2. Replacement - Fieldhouse Gym Equipment 28-44400-01 0 0 60,000 0 0 60,000 Comm Ctr Operations 60,000 60,000 Replacement of the basketball hoop hardware, the divider curtains, and the control panel that raises/lowers equipment. The addition of permanent volleyball nets that raise/lower out of ceiling. Replacement - RTU#4 28-44400-02 0 0 125,000 0 0 125,000 Comm Ctr Operations 125,000 125,000 RTU #4,5,6 controls the heating/cooling for a portion of the field house. There are 3 units that control that space. Replacement - Generator 29-44000-03 0 0 0 55,000 0 55,000 Comm Ctr Operations 55,000 55,000 Replacement of the generator that provides emergency back up power to some of the vital systems within the facility. Replacement - Information Desk 30-44000-01 0 0 0 0 35,000 35,000 Comm Ctr Operations 35,000 35,000 Remodel or potential move the location of the information desk. Community Center Total 90,000 1,018,000 336,000 55,000 35,000 1,534,000 Emergency Management Replacement - Emergency Sirens 30-42400-01 0 0 0 0 50,000 50,000 Facility Maint. - Building Fund 50,000 50,000 Replace emergency sirens, two per year. Emergency Management Total 0 0 0 0 50,000 50,000 Engineering New Development Projects 26-41600-01 220,000 230,000 240,000 250,000 260,000 1,200,000 Sewer Trunk Fund 145,000 150,000 155,000 160,000 165,000 775,000 Water Trunk Fund 75,000 80,000 85,000 90,000 95,000 425,000 New developments include the construction of sanitary sewer, water main, storm sewers and streets. Since the majority of the improvement projects are being privately installed by the developer, the following expenditures are the city's share for trunk water and sewer improvements. Department Project #2026 2027 2028 2029 2030 Total Produced Using Plan-It CIP Software 177 Pedestrian Trail Maintenance 26-41600-02 70,000 73,000 76,000 80,000 84,000 383,000 Road & Bridge Funds 70,000 73,000 76,000 80,000 84,000 383,000 This project provides maintenance such as crack filling and fog sealing for the City's pedestrian trail system. New Pedestrian Trail and Sidewalk Segments 26-41600-03 1,700,000 0 0 0 0 1,700,000 Grant 250,000 250,000 Trail Funds 1,450,000 1,450,000 The City of Andover has an extensive trail and sidewalk system for pedestrians and bikers. Future planned trail and sidewalk connections provide key links within the existing system. The following segments are proposed to be constructed as funds become available: 2026: 8' Bit Trail and Bridge along the north side of Coon Creek from Prarire Road to Catchers Creek East Addition which includes a bridge crossing over Coon Creek ($850,000). Project was moved from 2025 to 2026. 2026: 8' Bit Trail on the south side of Crosstown Blvd from Xeon Street to Prairie Road ($850,000). Project was moved from 2025 to 2026. 2027-2030: Future Trail segments TBD as funding becomes available. Pedestrian/Park Trail Reconstruction 26-41600-06 500,000 0 0 0 0 500,000 General Fund 250,000 250,000 Grant 250,000 250,000 As the City's trail system ages and deteriorates, reconstruction of segments becomes necessary to maintain the high quality trail system that is so sought after in Andover. 2026- Kelsey Round Lake Park Trail ($500,000) The City was awarded a matching DNR grant for up to $300,000 to be used towards this project in 2026. Replacement - Chevrolet Tahoe #02- 16 26-41600-07 65,000 0 0 0 0 65,000 Capital Equipment Reserve 65,000 65,000 Replace unit #16, a 2002 Chevy Tahoe with 140,030 miles to be replaced with a pickup truck. Replacement - Total Station Survey Equipment 28-41600-01 0 0 45,000 0 0 45,000 Capital Equipment Reserve 45,000 45,000 Total Station Survey Equipment is used for site surveys and construction surveying for street and park projects. Engineering Total 2,555,000 303,000 361,000 330,000 344,000 3,893,000 Facility Management Annual Parking Lot Maintenance/Replacement 26-41900-01 45,000 90,000 45,000 45,000 45,000 270,000 Facility Maint. - Building Fund 45,000 90,000 45,000 45,000 45,000 270,000 Department Project #2026 2027 2028 2029 2030 Total Produced Using Plan-It CIP Software 178 Yearly maintenance of the City parking lots is necessary to prolong the life of the pavements. Parking lots that need maintaining include those at the City Hall complex, Public Works, Community Center, at City parks, and at the Fire Stations. Yearly maintenance may include crack sealing, seal coating, mill and overlays or full depth reclamation. Maintenance will generally be completed with the street zones, or on an as needed basis. Parking lots also need to be reconstructed when they have exceeded the design life. Lots that are at that point are as follows: 2026-2030 Miscellaneous Crack Sealing & Pavement Sealant ($45,000 per year) 2027- Fire Station 3 Full Depth Reclamation ($45,000) 2026-2030 Parking Lots TBD City Hall Remodel 26-41900-02 175,000 0 0 0 0 175,000 Facility Maint. - Building Fund 175,000 175,000 Remodel / update City Hall. Phase 2: Update offices and cubicle areas. Replacement - Salt Shed Roof 26-41900-03 30,000 0 0 0 0 30,000 Facility Maint. - Building Fund 30,000 30,000 Replacement of the fabric roof cover of the 60’ x 70’ salt shed. Replacement - Emergency Generator FS #3 26-41900-04 50,000 0 0 0 0 50,000 Facility Maint. - Building Fund 50,000 50,000 Replace the emergency generator at Fire Station #3. Inspection of Switch Gear 26-41900-05 15,000 0 0 0 0 15,000 Facility Maint. - Building Fund 15,000 15,000 Due to recent electrical issues at Public Works, it has been recommended by the electrician we use for the City to investigate all electrical connections in the switch gear at Public works and City Hall. Supplemental Heat Public Works Wash Bay 26-48800-01 55,000 0 0 0 0 55,000 Facility Maint. - Building Fund 55,000 55,000 Elevated tube heating unit to be added to the Public Works wash bay to assist with heating the facility in the winter months. Replacement - Fire Sprinkler System CH 28-41900-01 0 0 50,000 0 0 50,000 Facility Maint. - Building Fund 50,000 50,000 Replace the fire sprinkler system at City Hall. Replacement - Fire Sprinkler System FS #1 28-41900-02 0 0 50,000 0 0 50,000 Facility Maint. - Building Fund 50,000 50,000 Replace the sprinkler system at Fire Station #1. Replacement - Fire Sprinkler System PW 28-41900-03 0 0 50,000 0 0 50,000 Facility Maint. - Building Fund 50,000 50,000 Replace the fire sprinkler system at Public Works. Replacement - Carpet / Tile 29-41900-01 0 0 0 30,000 0 30,000 Department Project #2026 2027 2028 2029 2030 Total Produced Using Plan-It CIP Software 179 Facility Maint. - Building Fund 30,000 30,000 The replacement of carpet and/or tile in appropriate areas of all City buildings where deemed necessary. An annual review of all areas will be done to determine the order of replacement. Surface Seal all Brick Structures 30-41900-02 0 0 0 0 100,000 100,000 Comm Ctr Operations 15,000 15,000 Facility Maint. - Building Fund 56,000 56,000 Water Fund 29,000 29,000 A surface sealing application would be initiated for all brick and/or block municipal buildings. The buildings include: City Hall, Public Works, Fire Station 1, 2, & 3, Sunshine Park Building, Prairie Knoll Park Building, Andover Station North Park Building, Community Center and all utility department buildings such as the pump houses and treatment facility. Facility Management Total 370,000 90,000 195,000 75,000 145,000 875,000 Fire Replacement - Rescue 21 #4819 26-42200-01 350,000 0 0 0 0 350,000 Capital Equipment Reserve 350,000 350,000 Replace unit #4819, a 2007 Chevrolet 3500 Crew Cab Truck with 18,571 miles. Replacement - 2 Combination Extrication Tools 27-42200-01 0 34,000 0 0 0 34,000 Capital Equipment Reserve 34,000 34,000 Replace 2 older hydraulic tools sets with battery powered combination extrication cutter/spreader tools (2 sets). Replacement - Engine 11 #4821 28-42200-01 0 0 1,000,000 0 0 1,000,000 Capital Equipment Reserve 1,000,000 1,000,000 Replace unit #4821, a 2010 Pierce Velocity Pumper with 51,002 miles. This truck carries 750 gallons of water and has a 1,250GPM pump. Replacement - Ford Interceptor #4827 28-42200-02 0 0 75,000 0 0 75,000 Capital Equipment Reserve 75,000 75,000 Replace unit #4827, a 2015 Ford Interceptor SUV with 57,837 miles. Replacement - GMC Sierra #4826 29-42200-01 0 0 0 70,000 0 70,000 Capital Equipment Reserve 70,000 70,000 Replace unit #4826, a 2015 GMC Sierra Double Cab truck with 32,072 miles. Replacement - Tanker 21 #4808 30-42200-02 0 0 0 0 550,000 550,000 Capital Equipment Reserve 550,000 550,000 Replace unit #4808, a 2002 Sterling tanker with 13,744 miles and a 2,500 gallon tank with a 750 GPM pto pump. Fire Total 350,000 34,000 1,075,000 70,000 550,000 2,079,000 Department Project #2026 2027 2028 2029 2030 Total Produced Using Plan-It CIP Software 180 Information Technology Replacement - Watchfire Sign City Hall 26-41420-01 80,000 0 0 0 0 80,000 Capital Equipment Reserve 80,000 80,000 Replace aging watchfire sign at city hall location with new 10mm sign. Replacement - SCALE DR solution 26-41420-03 20,000 0 0 0 0 20,000 Capital Equipment Reserve 20,000 20,000 Adding SCALE HC1300-DR node at remote location for DR solution (possibly replace current DATTO). Replacement - Security System Upgrade 27-41420-01 0 100,000 0 0 0 100,000 Comm Ctr Operations 10,000 10,000 Facility Maint. - Building Fund 80,000 80,000 Water Fund 10,000 10,000 Replace existing door access' and cameras with a new system that consistent at all city buildings. Replacement - Fiber between City Hall & PW 27-41420-02 0 15,000 0 0 0 15,000 Facility Maint. - Building Fund 15,000 15,000 Remove and replace aging multimode fiber with new singlemode fiber. Information Technology Total 100,000 115,000 0 0 0 215,000 Park & Rec - Operations Replace/Repair Play Structures - Various Parks 26-45000-01 200,000 200,000 200,000 200,000 200,000 1,000,000 General Fund 200,000 200,000 200,000 200,000 200,000 1,000,000 The parks listed are in need of replacing the existing playground equipment and; in some cases, improving the fall zones to meet ADA accessibility requirements. History has shown that the life expectancy of these play structures has been around 15 years then replacement is needed due to the structure condition. The proposed playground equipment improvements/rebuilds are as follows: 2026 - Creekview Crossing Park, and Andover Station North Park. 2027 - Fox Meadows Park, Meadows of Round Lake Park, and Woodland Crossing Park. 2028 - Meadowood North Park, Sophie’s South Park, and Oak Bluff Park. 2029 - Nordeen’s Park, Hickory Meadows Park, and Timber Trails Park. 2030 - Pleasant Oaks Park, Green Acres Park, and Northwoods East Park. Replace/Repair Major Park Projects - Various Parks 26-45000-02 35,000 35,000 35,000 35,000 35,000 175,000 General Fund 35,000 35,000 35,000 35,000 35,000 175,000 Department Project #2026 2027 2028 2029 2030 Total Produced Using Plan-It CIP Software 181 Future Projects: Fence rebuilds at various parks, shelter replacements, parking lot and interior park trail reconstuction Replacement - One Ton Truck w/ Plow #07-577 26-45000-03 110,000 0 0 0 0 110,000 Capital Equipment Reserve 110,000 110,000 Replace unit #577, a 2007 Ford F450 4x4 w/ plow and 84,043 miles. Replacement - Toro Zero-Turn Mower #09-592 27-45000-03 0 17,000 0 0 0 17,000 Capital Equipment Reserve 17,000 17,000 Replace unit #09-592, a 2009 Toro G3 zero-turn mower with 1,711 hours. Replacement - Truckster #98-548 27-45000-04 0 15,000 0 0 0 15,000 Capital Equipment Reserve 15,000 15,000 Replace unit #548, a 1998 Truckster with 5,784 hours. Replacement - Toro Groundsmaster #07-564 27-45000-05 0 80,000 0 0 0 80,000 Capital Equipment Reserve 80,000 80,000 Replace unit #564, a 2007 Toro Groundsmaster 328-D 4WD with 1,259 hours. Replacement - Karcher #17-587 27-45000-06 0 220,000 0 0 0 220,000 Capital Equipment Reserve 220,000 220,000 Replace unit #17-587, a 2017 Karcher MIC 84 trail machine with 1,631 hours.. Replacement - One Ton Truck w/ Plow #13-501 28-45000-03 0 0 110,000 0 0 110,000 Capital Equipment Reserve 110,000 110,000 Replace unit #13-501, a 2013 Chevrolet 3500 w/ lift gate, 4x4, & plow with 65,582 miles. Replacement - Trailer #T-551 28-45000-04 0 0 8,500 0 0 8,500 Capital Equipment Reserve 8,500 8,500 Replace unit #T-551, a 2003 Felling skid steer trailer. Replacement - Sunshine Park Parking Lot 28-45000-05 0 0 130,000 0 0 130,000 Facility Maint. - Building Fund 130,000 130,000 Reclaim and pave the south and west lot and replace miscellaneous concrete curb sections at Sunshine Park: 2027 West Parking Lot ($130,000) Department Project #2026 2027 2028 2029 2030 Total Produced Using Plan-It CIP Software 182 Replacement - Toro Workman #04- 566 29-45000-03 0 0 0 15,000 0 15,000 Capital Equipment Reserve 15,000 15,000 Replace unit #566, a 2004 Toro Workman with 860 hours. Replacement - One Ton Truck w/ Plow #14-510 29-45000-04 0 0 0 115,000 0 115,000 Capital Equipment Reserve 115,000 115,000 Replace unit #14-510, a 2015 GMC 3500 w/ a lift gate & plow equipment with 77,465 miles. Replacement - One Ton Truck #17- 502 30-45000-03 0 0 0 0 90,000 90,000 Capital Equipment Reserve 90,000 90,000 Replace unit #17-502, a 2017 GMC 3500 Crew Cab 4x4 with 33,432 miles. Park & Rec - Operations Total 345,000 567,000 483,500 365,000 325,000 2,085,500 Park & Rec - Projects Annual Miscellaneous Park Projects 26-45001-01 25,000 25,000 25,000 25,000 25,000 125,000 Park Dedication Funds 25,000 25,000 25,000 25,000 25,000 125,000 This is for unforeseen or requested miscellaneous projects that may arise during the year that is requested by the public, staff, City Council or the Park and Recreation Commission each year. Annual Park Tree Additions 26-45001-02 10,000 10,000 10,000 10,000 10,000 50,000 Park Dedication Funds 10,000 10,000 10,000 10,000 10,000 50,000 Add larger, new trees to the park systems. Tom Anderson Trail - Bench Additions 26-45001-03 5,000 0 0 0 0 5,000 Park Dedication Funds 5,000 5,000 Addition of more benches in the Tom Anderson Trail Corridor as identified by the Park Dedication Study. Skate Park - Expansion & Improvements 26-45001-04 250,000 0 0 0 0 250,000 Park Dedication Funds 250,000 250,000 The skate park is heavily used and is due for an upgrade. The Park Dedication Study has already identified it for expansion. Much of its current equipment is nearing the end of its life and needs to be replaced soon. We plan to not only expand the skate park but also replace the aging wood and steel ramps with more durable, maintenance-free concrete and steel features. These permanent concrete features can be built on the existing pad during the expansion. Sunshine Park - Parking Lot Lights West & South 26-45001-05 30,000 0 0 0 0 30,000 Department Project #2026 2027 2028 2029 2030 Total Produced Using Plan-It CIP Software 183 Park Dedication Funds 30,000 30,000 Addition of parking lot lighting to the west and south parking lots at Sunshine Park, as identified in the Park Dedication Study. Project year should be adjusted to correspond with the parking lot paving projects. Hawkridge Park - Pave Parking Lot 26-45001-06 150,000 0 0 0 0 150,000 Park Dedication Funds 150,000 150,000 Pave the 70,000 sq ft gravel parking lot at Hawkridge Park. Oakview Park - Improvements 26-45001-07 20,000 0 0 0 0 20,000 Park Dedication Funds 20,000 20,000 Addition of irrigation and trees to Oakview Park as identified in the Park Dedication Study. Timber Trails Park - Pave Parking Lot 27-45001-04 0 52,000 0 0 0 52,000 Park Dedication Funds 52,000 52,000 Pave the gravel 14,000 sq ft parking lot at Timber Trails Park including the addition of two security lights. Kelsey Round Lake Park - Master Plan Additions 27-45001-05 0 230,000 0 0 0 230,000 Park Dedication Funds 230,000 230,000 Kelsey Round Lake Park has several items to be completed from the approved master plan for the park. Items include a building with bathrooms, interpretive signs, wayfinding signs, and multiple other items which will need to be determined. The design costs are included with the cost of the building. Pleasant Oaks Park - Add Sidewalk 27-45001-06 0 4,000 0 0 0 4,000 Park Dedication Funds 4,000 4,000 Sidewalk addition from the street to the playground at Pleasant Oaks Park would create ADA accessibility to the playground. The playground is scheduled for replacement or refurbishment in 2027 and this would be installed with that project. Meadowood North Park - TBD 27-45001-07 0 50,000 0 0 0 50,000 Park Dedication Funds 50,000 50,000 Improvements TBD to Meadowood North once the neighborhood survey is completed. Northwoods West Park - Pave Parking Lot 28-45001-03 0 0 75,000 0 0 75,000 Park Dedication Funds 75,000 75,000 Paving the gravel parking lot at Northwoods West Park tennis and pickleball courts. Northwoods West Park - Add Medium Shelter 28-45001-04 0 0 50,000 0 0 50,000 Park Dedication Funds 50,000 50,000 Addition of a medium shelter near the tennis and pickle ball courts. Pine Hills North Park - Master Plan Additions 28-45001-05 0 0 150,000 0 0 150,000 Park Dedication Funds 150,000 150,000 Department Project #2026 2027 2028 2029 2030 Total Produced Using Plan-It CIP Software 184 Pine Hills North Park has several improvements identified in the approved Master Plan for the park. Items will need to be discussed and determined in the CIP discussions in 2026 or 2027. Zone D Projects TBD 28-45001-06 0 0 100,000 0 0 100,000 Park Dedication Funds 100,000 100,000 Zone D park improvement projects TBD. Zone C Improvements TBD 29-45001-03 0 0 0 150,000 0 150,000 Park Dedication Funds 150,000 150,000 Zone C park improvement projects TBD. Parking Lot Improvements TBD 29-45001-04 0 0 0 100,000 0 100,000 Park Dedication Funds 100,000 100,000 Paving of the gravel park parking lot. Lots to be evaluated and TBD as we get closer to 2029. Zone A Improvements TBD 30-45001-03 0 0 0 0 150,000 150,000 Park Dedication Funds 150,000 150,000 Zone A park improvement projects TBD. Park & Rec - Projects Total 490,000 371,000 410,000 285,000 185,000 1,741,000 Sanitary Sewer Rural Reserve - Area Analysis & Sanitary Sewer 26-48200-01 3,850,000 500,000 0 550,000 0 4,900,000 Assessments 1,000,000 1,000,000 Sewer Trunk Fund 2,850,000 500,000 550,000 3,900,000 In 2026 complete the evaluation of future development in the rural reserve related to development planning, traffic impact, water & sanitary sewer system analysis, and storm water management & surface water (budgeted in 2024). 2026 includes the design and extension of trunk sanitary sewer from Bunker Lake Boulevard approximately parallel to Coon Creek to serve the Rural Reserve area. The sanitary sewer will be constructed through existing neighborhoods and along the west side of Coon Creek then cross South Coon Creek Drive then north into the Rural Reserve first phase of development. It is anticipated that the extension further north will be constructed when further development occurs, or as the market demands. It is anticipated that the sewer area and connection charges will eventually cover the cost of the sewer line w/ city participation in pipe over-sizing and additional depth charges. Replacement - Locating Equipment 26-48200-02 7,000 0 0 0 0 7,000 Sanitary Sewer Fund 3,500 3,500 Water Fund 3,500 3,500 The locating equipment used to find and mark underground utilities is no longer serviceable with parts and repairs soon to be unavailable. Replacement - Televising Trailer Main Cable 27-48002-03 0 8,500 0 0 0 8,500 Sanitary Sewer Fund 8,500 8,500 Replace the main cable for the televising camera. Department Project #2026 2027 2028 2029 2030 Total Produced Using Plan-It CIP Software 185 Replacement - One Ton Truck w/ Plow #13-094 27-48200-01 0 110,000 0 0 0 110,000 Sanitary Sewer Fund 110,000 110,000 Replace unit #13-094, a 2013 Chevrolet 3500 truck w/ plow and 98,857 miles. Replacement - Sanitary Sewer Lift Station Pump 27-48200-02 0 60,000 0 0 0 60,000 Sanitary Sewer Fund 60,000 60,000 Pump replacement at sanitary sewer lift stations. Crooked Lake Blvd Sanitary Sewer Lining Project 27-48200-04 0 1,000,000 0 0 0 1,000,000 Sewer Trunk Fund 1,000,000 1,000,000 The sanitary sewer line on Crooked Lake Blvd was televised and found to have pipe deterioration do to H2S. It will need to be lined with a cure-in-place pipe to rehabilitate the pipe to prevent a major pipe failure in the future. Crosstown Trunk Line - Clean & Assess 27-48200-05 0 80,000 0 0 0 80,000 Sewer Trunk Fund 80,000 80,000 Clean and televise the Crosstown trunk line from Andover Blvd south to Bunker Lake Blvd along with the assessment of lining in the pipe. Replacement - 1/2 Ton Truck #13-091 28-48200-01 0 0 70,000 0 0 70,000 Sanitary Sewer Fund 70,000 70,000 Replace unit #13-091, a 2013 GMC 1/2 ton ext cab pickup with tool boxes and 114,730 miles. Sanitary Sewer Total 3,857,000 1,758,500 70,000 550,000 0 6,235,500 Storm Sewer Storm Sewer Improvements 26-48300-01 74,000 75,000 76,000 77,000 78,000 380,000 Storm Sewer Fund 74,000 75,000 76,000 77,000 78,000 380,000 Each year, areas of the City are identified where improvements are required to maintain our storm sewer system. Maintenance items include replacement of failing culverts, catch basins, and storm sewer pipes; erosion issues at storm sewer outfalls, and dredging of ponds and ditches. Replacement - Street Sweeper #06- 171 26-48300-02 370,000 0 0 0 0 370,000 Storm Sewer Fund 370,000 370,000 Replace unit #171, a 2006 Tymco street sweeper with 59,468 miles. Replacement - Compact Excavator #97-96 29-48300-01 0 0 0 57,000 0 57,000 Storm Sewer Fund 57,000 57,000 Replace unit #96, a 1997 Takeuchi mini excavator with 1,219 hours. Storm Sewer Total 444,000 75,000 76,000 134,000 78,000 807,000 Department Project #2026 2027 2028 2029 2030 Total Produced Using Plan-It CIP Software 186 Streets - Equipment Replacement - Dump Truck w/ Snow removal #00-198 26-43100-01 350,000 0 0 0 0 350,000 Capital Equipment Reserve 350,000 350,000 Replace unit #198, a 2000 Sterling dump truck w/ snow removal equipment and 61,774 miles. Replacement - 1 Ton Truck w/ Plow #13-102 27-43100-01 0 110,000 0 0 0 110,000 Capital Equipment Reserve 110,000 110,000 Replace unit #13-102, a 2013 Chevrolet 3500 truck w/ plow and 58,183 miles. Replacement - Chevrolet Colorado #04-101 27-43100-02 0 60,000 0 0 0 60,000 Capital Equipment Reserve 60,000 60,000 Replace unit #101, a 2004 Chevrolet Colorado with 142,848 miles. Replacement - Dump Truck w/ Snow removal #00-201 28-43100-01 0 0 370,000 0 0 370,000 Capital Equipment Reserve 370,000 370,000 Replace unit #201, a 2000 Sterling dump truck w/ snow removal equipment and 64,032 miles. Replacement - Dump Truck w/Snow removal #02-202 28-43100-02 0 0 370,000 0 0 370,000 Capital Equipment Reserve 370,000 370,000 Replace unit #202, a 2002 Sterling dump truck w/ snow removal equipment and 63,892 miles. Replacement - Front End Loader #11- 111 28-43100-03 0 0 250,000 0 0 250,000 Capital Equipment Reserve 250,000 250,000 Replace unit #11-111, a 2012 John Deere 524 front end loader with 4,849 hours. Replacement - Aerial bucket truck #00-139 29-43100-01 0 0 0 200,000 0 200,000 Capital Equipment Reserve 200,000 200,000 Replace unit #00-139, a 2001 Ford F550 aerial bucket truck with 29,992 miles. Replacement - Toolcat #04-70 29-43100-02 0 0 0 100,000 0 100,000 Capital Equipment Reserve 100,000 100,000 Department Project #2026 2027 2028 2029 2030 Total Produced Using Plan-It CIP Software 187 Replace unit #70, a 2004 Bobcat Toolcat with 2,457 hours. Replacement - Dump Truck w/Snow removal #02-203 30-43100-01 0 0 0 0 390,000 390,000 Capital Equipment Reserve 390,000 390,000 Replace unit #203, a 2002 Sterling dump truck w/ snow removal equipment and 71,582 miles. Replacement - Dump Truck w/Snow removal #06-204 30-43100-02 0 0 0 0 390,000 390,000 Capital Equipment Reserve 390,000 390,000 Replace unit #204, a 2006 Sterling L8500 dump truck w/ snow removal equipment and 37,481 miles. Streets - Equipment Total 350,000 170,000 990,000 300,000 780,000 2,590,000 Streets - Roadways Annual Street Crack Seal Project 26-49300-01 160,000 160,000 160,000 160,000 160,000 800,000 Construction Seal Coat Fund 10,000 10,000 10,000 10,000 10,000 50,000 Road & Bridge Funds 150,000 150,000 150,000 150,000 150,000 750,000 This project provides for crack sealing of the streets. In general, each year one of the nine full zones in the City is crack sealed. Areas nearing reconstruction, those seal coated recently to hold together, or with severe cracking are excluded from this project as determined by the Engineering and Public Works Departments. Annual Pavement Markings 26-49300-02 100,000 102,000 104,000 106,000 108,000 520,000 Road & Bridge Funds 100,000 102,000 104,000 106,000 108,000 520,000 The pavement striping for City streets is conducted one time per year. This includes centerline striping and shoulder striping. Striping enhances the safety of the roadway by directing traffic to the correct lane movement. The Federal Highway Administration is currently reviewing reflective standards for pavement markings. In the near future, the City may have to stripe twice per year to meet new standards. If this is approved, it will double the cost of pavement markings per year. Curb, Sidewalk and Pedestrian Ramp Replacement 26-49300-03 120,000 120,000 120,000 120,000 120,000 600,000 Road & Bridge Funds 120,000 120,000 120,000 120,000 120,000 600,000 Damaged and failing concrete curb and gutter throughout the City needs to be repaired or replaced to help maintain the integrity of the roadway system. Replacing damaged or failing sections of curb and gutter helps with drainage of the roadway and prolongs the life of the street system. Annual Street Reconstruction 26-49300-04 5,065,000 8,730,000 4,725,000 4,785,000 4,620,000 27,925,000 Assessments 1,266,250 2,182,500 1,181,250 1,196,250 1,155,000 6,981,250 G.O. Bond 3,798,750 4,000,000 3,000,000 10,798,750 Road & Bridge Funds 2,547,500 543,750 3,588,750 3,465,000 10,145,000 Department Project #2026 2027 2028 2029 2030 Total Produced Using Plan-It CIP Software 188 The Street Reconstruction projects consist of milling the existing street surface and constructing a new asphalt surface. In developments that have existing bituminous curb or no curb or ditch, concrete curb and gutter will be constructed. Storm sewer and drainage improvements will be incorporated as necessary. 25% of the total project costs are assessed to the benefiting properties in each development. This program helps to maintain the integrity and value of the community's street infrastructure. The timing of reconstruction of developments more than two years out may be revised as street conditions and ratings are reviewed on an annual basis. Additional developments may be added to the schedule or projects moved up if it is advantageous to reconstruct them in conjunction with other nearby projects. Areas to be reconstructed are listed below. 2026: East Round Lake Estates, Kadlec Estates ($1,440,000); Nightingale Preserve, Wittington Ridge ($1,480,000); Nightingale Estates, 2nd, 3rd ($1,060,000); Leeman Lake Estates ($265,000); Creekridge Estates north of S Coon Creek Dr ($820,000) 2027:159Ln West of Nightingale, Quinn St, Swallow St, and Uplander St South of 161st Ave, Nightingale Ridge ($2,530,000) Development South of Bunker Lake Blvd, West of Crooked Lake, Chapmans 1st-6th, Woodland Terrace 1st-5th, Weises 1st, 2nd, Boulder Estates ($6,200,000); 2028: Smith's Green Acres Area (North and south of plat), Northwoods Add., Northwoods Add. Plat 2, Creekhaven, Donohue Creekside Addition, Cunningham Add. ($4,725,000); 2029: Red Oaks Manor Add. 2nd, 3rd ($1,795,000); Kensington Estates, 2nd-7th, Shady Knoll Add. ($2,425,000); Woodridge Acres, Creekside Estates & 2nd, The Oaks ($565,000) 2030: Bluebird St from Ward Lk Dr to 181st Ave ($310,000); Woodland Meadows 2nd ($1,250,000); Holmberg Add, Deerwood Estates ($850,000); Prairie Oaks ($250,000); Nordeen Add. ($1,165,000); Meadowlark Heights ($795,000) Street Mill & Overlay 26-49300-06 85,000 885,000 1,265,000 1,245,000 1,100,000 4,580,000 Assessments 21,250 221,250 316,250 311,250 275,000 1,145,000 Road & Bridge Funds 63,750 663,750 948,750 933,750 825,000 3,435,000 The City of Andover has a street mill and overlay program to prolong the life of the City's roadway infrastructure. This program includes milling 1" to 1.5" off the existing pavement and overlaying approximately 1.5" of bituminous on roadways that are identified as structurally sound as this process would significantly extend the roadways life cycle. The Engineering and Public Works Departments have identified roads that meet these criteria one year prior to the overlay project being constructed. The timing of mill and overlay of developments more than two years out may be revised as street conditions and ratings are reviewed on an annual basis. Areas for mill and overlay are listed below. 2026: Grow Oak view Estates ($85,000) 2027: Cedar Creek Estates & 2nd, Valley View Estates & 2nd ($885,000) 2028: Stacks Woods, Argon, Zuni, Yakima off 165th Ave NW ($830,000): Silver Meadows West ($145,000): Kiowa Terrace, Rum River Forest ($290,000) 2029: Lakeridge, North Lakeridge Estates, Lakeside Estates ($955,000): Andover Station North, B & D Estates 1st, 2nd, Parkside at Andover Station, 1st, 2nd, 3rd, 4th ($290,000) 2030: Woodland Meadows and Brook Crossing ($1,100,000) Gravel Road Improvements 26-49300-07 23,000 24,000 25,000 26,000 27,000 125,000 Road & Bridge Funds 23,000 24,000 25,000 26,000 27,000 125,000 Gravel roadways within the City are in need of annual improvements, including grading, adding material, and dust control. Over time and with snow plowing operations, the gravel roadway settles and additional material is needed to maintain the traveling surface. Municipal State Aid Routes / New & Reconstruct 26-49300-08 0 1,220,000 170,000 0 1,550,000 2,940,000 Assessments 305,000 42,500 387,500 735,000 Municipal State Aid Funds 915,000 127,500 1,162,500 2,205,000 Department Project #2026 2027 2028 2029 2030 Total Produced Using Plan-It CIP Software 189 The following projects are proposed to be constructed and/or rehabilitated to meet State Aid Standards. The timing of projects more than two years out may be revised as street conditions and ratings are reviewed on an annual basis. Projects identified are listed below. 2027: Crooked Lake Blvd - Bunker Lake Blvd to 133rd Avenue ($880,000) 2027: 174th Ln - Round Lake Blvd to Bittersweet St ($340,000) 2028: 177th Ln - East of Verdin St ($170,000) 2029: Nothing Identified TBD 2030: Ward Lake Drive Crosstown Blvd to Hanson Blvd (minus gravel section) ($1,550,000) Intersection Upgrades 26-49300-09 1,900,000 0 0 300,000 2,000,000 4,200,000 Assessments 750,000 750,000 County Reimbursement 200,000 200,000 Federal Funds 1,600,000 1,600,000 Municipal State Aid Funds 1,150,000 300,000 200,000 1,650,000 The following projects identified for improvements and the timing for such project is dependent on funding. 2026 - Roundabout Construction at Crosstown Blvd and Bluebird Street ($1,500,000). Funding has been received from the developer of the Crosstown Landing Development for a 50/50 cost share with the City up to a maximum of $750,000. 2026 - Roundabout Construction at Crosstown Blvd and 161st Avenue ($2,000,000). This is a Anoka County project in which HSIP funding has been received. The City's portion based on the standard cost share agreement is $200,000. 2026 - Roundabout Construction at 7th Avenue and 165th Avenue ($2,000,000). This is a also a Anoka County project in which HSIP funding has been received. The City's portion based on the standard cost share agreement is $200,000. 2029 - Roundabout Design at Crosstown Blvd & Crosstown Drive ($300,000). 2030 - Roundabout Construction at Crosstown Blvd & Crosstown Drive ($2,000,000). Street Full Depth Reclamation 26-49300-10 2,690,000 265,000 2,750,000 4,420,000 565,000 10,690,000 Assessments 672,500 66,250 687,500 1,105,000 140,000 2,671,250 Road & Bridge Funds 2,017,500 198,750 2,062,500 3,315,000 425,000 8,018,750 Department Project #2026 2027 2028 2029 2030 Total Produced Using Plan-It CIP Software 190 Full Depth Reclamation is a cost effective alternate to a full reconstruction. The entire thickness of asphalt and a portion of the base material is uniformly pulverized and blended to provide strengthened stabilization of the roadway base prior to repaving. This is done where curb and gutter are still in good condition, but the asphalt is too far deteriorated for a partial depth mill and overlay. The timing of full depth reclamation of developments more than two years out may be revised as street conditions and ratings are reviewed on an annual basis. Projects identified are listed below. 2026: 173rd Ave, Navajo St, 175th Ave loop east of Roanoke St NW ($490,000): Birchwood Pond ($180,000): Old Constance Blvd ($240,000): Northglen 2nd, 4th, 5th, Woodland Pond, 138th West of Round Lakem Round Lake Blvd Frontage Rd ($1,780,000) 2027: Wobegon Woods, Good Ridge Acres ($265,000) 2028: Countryview Estates, Hawk Ridge, Hawk Ridge East ($2,750,000) 2029: Kensington Estates ($240,000): Hidden Creek, 2nd, 3rd, Bent Creek Shores, Hidden Creek East, 2nd, 3rd, 4th, 5th ($2,955,000): Emerald Glen, Pleasant Meadows, Sunridge, Echo Woods, Kirby Estates ($1,225,000) 2030: Forest Meadows area including Xeon St. ($565,000) Pavement Rejuvenator Application 26-49300-11 175,000 175,000 175,000 175,000 175,000 875,000 Road & Bridge Funds 175,000 175,000 175,000 175,000 175,000 875,000 Application of a rejuvenating agent to newer pavement. Application is designed to extend the life of pavement by densifying and sealing the pavement from the elements. Municipal State Aid Routes/Mill & Overlay 27-49300-05 0 267,000 0 140,000 0 407,000 Assessments 66,750 10,000 76,750 Municipal State Aid Funds 200,250 130,000 330,250 The City of Andover has a street mill and overlay program to prolong the life of the City's roadway infrastructure. The improvements include milling and overlaying 1.5"-2" on roadways that are identified as still structurally sound as this process will significantly extend the roadways life cycle. The Engineering Department and Public Works have identified the MSA roads that meet the criteria. The timing of mill and overlay of developments more than two years out may be revised as street conditions and ratings are reviewed on an annual basis. Areas for mill and overlay are listed below. 2027: 157th Avenue - Prairie Road to University Ave ($267,000) 2029: 133rd St - Crosstown Blvd to Hanson Blvd ($140,000) Assessments will be calculated at the time of project. Streets - Roadways Total 10,318,000 11,948,000 9,494,000 11,477,000 10,425,000 53,662,000 Water Replacement - Residential Meters 26-48100-01 100,000 100,000 100,000 100,000 100,000 500,000 Water Fund 100,000 100,000 100,000 100,000 100,000 500,000 Annual residential meter replacement program to replace the oldest meters on the system. The old technology meters will be replaced with Smart iPerl meters currently being used in the system. Water Main Gate Valve Rehabilitation 26-48100-02 50,000 50,000 50,000 50,000 50,000 250,000 Water Trunk Fund 50,000 50,000 50,000 50,000 50,000 250,000 The City has found failing nuts and bolts on a certain type of gate valve that were installed before 2004. Not all types of valves have had failures. The City evaluates each development area for the nut and bolt condition prior to a full street reconstruction or mill and overlay. Security Cameras at Towers and Well Houses 26-48100-03 20,000 0 0 0 0 20,000 Water Fund 20,000 20,000 Department Project #2026 2027 2028 2029 2030 Total Produced Using Plan-It CIP Software 191 Adding security cameras to monitor the building and property at towers and well houses. Replacement - WTP Valve Actuators 26-48100-05 95,000 0 0 0 0 95,000 Water Fund 95,000 95,000 Replacement of 6 - 24" Backwash Valve Actuators. WTP Backwash Pump Maintenance 26-48100-06 120,000 0 0 0 0 120,000 Water Fund 120,000 120,000 The backwash pump at the Water Treatment Plant is the main component in the water treatment process that cleans the filters when they become dirty. Replacement - WTP Effluent Valve Control 26-48100-08 40,000 0 0 0 0 40,000 Water Fund 40,000 40,000 Water treatment plant effluent valve control replacement. Used for back washing treatment plant filters. Replacement - WTP Make Up Air Unit 27-48100-01 0 35,000 0 0 0 35,000 Water Fund 35,000 35,000 Replace the make up air unit in the storage and parking garage at the WTP. Replacement - WTP HSP Room A/C 27-48100-02 0 80,000 0 0 0 80,000 Water Fund 80,000 80,000 Replace the 20 ton A/C unit that cools and keeps the air dry to protect all of the city's high service pumps that provide water to the system. Replacement - Radiant Heaters WTP Garage 27-48100-03 0 20,000 0 0 0 20,000 Water Fund 20,000 20,000 Replace the radiant heaters in water treatment plant garage as they have reached the end of there usefull life. Construct Water Treatment Plant #2 28-48100-01 0 0 10,000,000 0 0 10,000,000 Water Revenue Bonds 10,000,000 10,000,000 Construct Water Treatment Plant No. 2 in the Shadowbrook Development. Replacement - Air Compessor 28-48100-02 0 0 20,000 0 0 20,000 Water Fund 20,000 20,000 The water treatment plant air compressor is used to operate all of the process valves in the plant. Rehabilitation of Wells 28-48100-03 0 0 90,000 100,000 100,000 290,000 Water Fund 90,000 100,000 100,000 290,000 The motor, pump and column pipe are taken out for inspection and worn parts are replaced. The well is televised to determine the depth and condition. If the well is at or close to the original drill depth everything is put back in place. The well may need to be cleaned out to the original depth if there is a substantial decrease in the depth. Replacement - Well #3 Air Handler/Conditioner 28-48100-04 0 0 17,000 0 0 17,000 Water Fund 17,000 17,000 Air handler/conditioning equipment is needed to protect the motor control center and other electrical equipment in the well house. Construct Clearwell at WTP 29-48100-01 0 0 0 3,300,000 0 3,300,000 Water Revenue Bonds 3,300,000 3,300,000 Department Project #2026 2027 2028 2029 2030 Total Produced Using Plan-It CIP Software 192 Construct a 2 million gallon clearwell adjacent to the water treatment plant. Demolish 500,000 Gallon Water Tower 29-48100-02 0 0 0 350,000 0 350,000 Water Trunk Fund 350,000 350,000 Demolish the existing 500,000 gallon water tower located on the west side of town. Construct Well #10 30-48100-01 0 0 0 0 450,000 450,000 Water Trunk Fund 450,000 450,000 Construct well #10 in Shadowbrook 2nd Addition on an existing city-owned lot to provide municipal water due to the increased demand. WTP High Service Pump Maintenance 30-48100-02 0 0 0 0 70,000 70,000 Water Fund 70,000 70,000 Service the high service motors and pumps in the WTP. Water Total 425,000 285,000 10,277,000 3,900,000 770,000 15,657,000 GRAND TOTAL 19,709,000 16,799,500 23,767,500 17,581,000 13,727,000 91,584,000 Department Project #2026 2027 2028 2029 2030 Total Produced Using Plan-It CIP Software 193 Outstanding Outstanding Outstanding Date of Rate of at at at Description Issue Maturity Interest Issued 12/31/2024 Retired Issued 12/31/2025 Retired Issued 12/31/2026 Governmental Activities General Obligation Abatement Bonds 2012C G.O. Abatement Bonds 12/27/2012 2/1/2031 1.00-3.00%17,315,000 7,660,000 (1,005,000) - 6,655,000 (1,030,000) - 5,625,000 2019A G.O. Abatement Bonds 8/1/2019 2/1/2040 3.00 - 5.00%15,770,000 13,820,000 (630,000) - 13,190,000 (660,000) - 12,530,000 21,480,000 (1,635,000) - 19,845,000 (1,690,000) - 18,155,000 Certificates of Indebtedness/Capital Notes 2021A G.O. Equipment Bonds 12/28/2021 2/1/2026 2.00%630,000 325,000 (160,000) - 165,000 (165,000) - - 2024A G.O. Equipment Bonds 12/30/2024 2/1/2028 5.00%1,155,000 1,155,000 - - 1,155,000 (365,000) - 790,000 Subtotal - Certificates of Indebtedness 1,480,000 (160,000) - 1,320,000 (530,000) - 790,000 Capital Improvement Bonds 2018A G.O. Capital Improvement Plan Bonds 12/27/2018 2/1/2044 3.00-5.00%10,000,000 9,070,000 (315,000) - 8,755,000 (335,000) - 8,420,000 Street Reconstruction Bonds 2021A G.O. Street Reconstruction Bonds 12/28/2021 2/1/2030 1.00-2.00%7,135,000 5,455,000 (870,000) - 4,585,000 (885,000) - 3,700,000 2024A G.O. Street Reconstruction Bonds 12/30/2024 2/1/2035 4.00-5.00%7,440,000 7,440,000 - - 7,440,000 (565,000) - 6,875,000 12,895,000 (870,000) - 12,025,000 (1,450,000) - 10,575,000 TOTALS 44,925,000$ (2,980,000)$ -$ 41,945,000$ (4,005,000)$ -$ 37,940,000$ 2025 2026 CITY OF ANDOVER Summary of Outstanding Bond Issues 2025 - 2026 194 Total Less 2026 2027 2028 2029 2030 2031-2035 2036-2040 2041-2044 Payments Interest Total Governmental Activities General Obligation Abatement Bonds 2012C G.O. Abatement Bonds 1,208,275$ 1,205,250$ 1,205,147$ 1,212,675$ 1,213,400$ 1,218,000$ 7,262,747$ (607,747)$ 6,655,000$ 2019A G.O. Abatement Bonds 1,104,650 1,105,775 1,100,275 1,106,850 1,105,650 5,533,525 5,524,050 - 16,580,775 (3,390,775) 13,190,000 2,312,925 2,311,025 2,305,422 2,319,525 2,319,050 6,751,525 5,524,050 - 23,843,522 (3,998,522) 19,845,000 Certificates of Indebtedness 2021A G.O. Equipment Bonds 166,650 166,650 (1,650) 165,000 20214 G.O. Equipment Bonds 413,625 414,875 415,125 1,243,625 (88,625) 1,155,000 580,275 414,875 415,125 - - - - - 1,410,275 (90,275) 1,320,000 Capital Improvement Bonds 2018A G.O. CIP Bonds 622,631 620,506 626,206 624,956 623,406 3,111,500 3,102,628 2,480,463 11,812,297 (3,057,297) 8,755,000 Street Reconstruction Bonds 2021A G.O. Street Recon Bonds 942,710 944,810 951,135 946,395 945,640 4,730,690 (145,690) 4,585,000 2024A G.O. Street Recon Bonds 904,925 935,175 933,175 934,550 929,300 4,655,900 9,293,025 (1,853,025) 7,440,000 1,847,635 1,879,985 1,884,310 1,880,945 1,874,940 4,655,900 - - 14,023,715 (1,998,715) 12,025,000 5,363,466$ 5,226,391$ 5,231,063$ 4,825,426$ 4,817,396$ 14,518,925$ 8,626,678$ 2,480,463$ 51,089,809$ (9,144,809)$ 41,945,000$ CITY OF ANDOVER Debt Service Summary 195 Estimated Taxable Market Value (Note A)5,221,510,107$ Debt Limit: 3% of Market Value 156,645,303 Total Bonded Debt 41,945,000$ Less: Non-Tax Levy Supported Debt: (Note B) G.O. Revenue Bonds - 41,945,000 Less: Balance Available in Related Debt Service Funds 5,104,137 Net Debt Applicable 36,840,863 Legal Debt Margin 119,804,440$ Note A:Source: Anoka County Property Tax Division Note B:The computation on legal debt margin only includes debt supported by a tax levy. CITY OF ANDOVER Computation of Legal Debt Margin December 31, 2025 Total Debt Applicable (Unaudited) 196 CITY OF ANDOVER, MINNESOTA PROPERTY TAX LEVIES AND COLLECTIONS Last Ten Fiscal Years (Unaudited) Total Market Value Collections In Tax Tax Homestead Total Percentage Subsequent Percentage Year Levy Levy Credit Collected of Levy Years Amount of Levy 2015 11,143,925$ 11,054,157$ -$ 11,054,157$ 99.19%69,316$ 11,123,473$ 99.82% 2016 11,593,925 11,525,770 3,461 11,529,231 99.44%22,980 11,552,211 99.64% 2017 11,938,555 11,858,376 3,545 11,861,921 99.36%17,470 11,879,391 99.50% 2018 12,416,357 12,342,648 2,824 12,345,472 99.43%5,867 12,351,339 99.48% 2019 13,103,487 12,974,413 3,960 12,978,373 99.05%42,672 13,021,045 99.37% 2020 14,479,586 14,391,252 4,128 14,395,380 99.42%31,162 14,426,542 99.63% 2021 14,913,945 14,853,700 3,578 14,857,278 99.62%26,260 14,883,538 99.80% 2022 16,107,254 16,029,549 4,417 16,033,966 99.55%21,798 16,055,764 99.68% 2023 17,073,084 16,980,523 3,682 16,984,205 99.48%24,443 17,008,648 99.62% 2024 18,097,274 17,988,596 4,662 17,993,258 99.43% CITY OF ANDOVER, MINNESOTA SPECIAL ASSESSMENT LEVIES AND COLLECTIONS Last Ten Fiscal Years (Unaudited) Total Delinquent Collections Assessments Current Current Percent of Delinquent Total as a Percent of Outstanding as a Percent of Assessments Assessments Assessments Assessment Assessment Current Delinquent Current Year Due (1)Collected Collected Collections Collections Assessments Due Assessments Assessments Due 2015 334,054$ 514,868$ 154.13%4,003$ 518,871$ 155.33%269,754$ 80.75% 2016 267,704 510,275 190.61%2,153 512,429 191.42%268,716 100.38% 2017 265,163 513,140 193.52%212 513,352 193.60%272,101 102.62% 2018 305,249 555,684 182.04%412 556,096 182.18%283,528 92.88% 2019 272,670 532,268 195.21%1,579 533,847 195.79%295,781 108.48% 2020 272,526 524,787 192.56%5,684 530,471 194.65%272,865 100.12% 2021 270,334 504,303 186.55%8,024 512,327 189.52%248,237 91.83% 2022 269,026 483,558 179.74%6,925 490,483 182.32%278,861 103.66% 2023 324,879 580,154 178.58%3,856 584,010 179.76%298,692 91.94% 2024 442,819 712,440 160.89%7,664 720,104 162.62%350,971 79.26% Note: (1) Only includes assessments certified to Anoka County. Total Collections to Date Collected Within the Fiscal Year of Levy Not Available 197 CITY OF ANDOVER, MINNESOTA PRINCIPAL TAXPAYERS Current Year and Ten Years Ago (Unaudited) Net Percentage of Net Percentage of Tax Total City Tax Total City Capacity Rank Tax Capacity Capacity Rank Tax Capacity Minnegasco, Inc.348,206$ 1 0.67%237,504$ 1 0.88% Presbyterian Homes of Andover 287,403 2 0.55%160,143 4 0.60% Target Corporation 245,684 3 0.47%154,668 6 0.58% Great River Energy 234,476 4 0.45%173,276 3 0.65% Wal-Mart 231,084 5 0.44% PC Arbor Oaks LLC 208,188 6 0.40% Individual 184,850 7 0.35% Andover Station 2016 LLC 173,760 8 0.33% DST Properties LLC 155,106 9 0.30%103,640 8 0.39% Measurement Specialties 138,428 10 0.26% Connexus Energy 193,514 2 0.72% Walmart Real Estate Business Trust 160,096 5 0.60% Andover Limited Partnership 124,754 7 0.46% Andover Station LLC 102,150 9 0.38% Columbia Park Properties 77,696 10 0.29% Total 2,207,185$ 4.22%1,487,441$ 5.55% Net Tax Capacity 52,292,926$ 26,847,273$ Source: Anoka County Property Tax Division CITY OF ANDOVER, MINNESOTA ESTIMATED MARKET VALUES AND NEW CONSTRUCTION Last Ten Fiscal Years (Unaudited) Commercial / Year Industrial (1)Residential Total Permits Value Permits Value 2015 173,717,700$ 2,435,950,500$ 2,609,668,200$ 16 2,513,609$ 74 19,631,775$ 2016 181,926,900 2,530,046,700 2,711,973,600 7 14,009,200 111 28,893,036 2017 196,837,900 2,610,055,500 2,806,893,400 - - 94 27,847,717 2018 207,569,200 2,908,606,300 3,116,175,500 2 2,860,000 60 19,703,857 2019 214,417,500 3,057,490,800 3,271,908,300 2 3,901,376 116 37,258,817 2020 228,402,926 3,332,915,773 3,561,318,699 - - 139 45,464,139 2021 235,287,000 3,450,673,800 3,685,960,800 - - 141 43,949,250 2022 226,699,000 3,731,908,100 3,958,607,100 3 6,983,400 103 55,992,019 2023 244,378,800 4,635,315,300 4,879,694,100 3 22,344,000 64 21,454,268 2024 300,481,900 4,729,313,300 5,029,795,200 5 2,400,000 101 35,124,454 Note: (1) Also includes agricultural, public utility, railroad operating property, and personal property. Commercial / Industrial Residential Taxpayers 2024 2015 Estimated Market Values New Construction 198 CITY OF ANDOVER, MINNESOTA DEMOGRAPHICS (Unaudited) Percent of Change 2010 2020 2024 Est (1)2010 - 2020 Population 30,598 32,601 32,596 6.55% Households 9,811 10,782 11,091 9.90% Household Size (Population/Household)3.12 3.02 2.94 -3.05% Populaton by Age (2020 U.S. Census):Persons Percent 9 and under 4,564.00 14% 10-19 4,890.00 15% 20-29 3,260.00 10% 30-39 3,912.00 12% 40-49 4,564.00 14% 50-59 4,890.00 15% 60-69 3,587.00 11% 70-79 1,956.00 6% 80 and over 978.00 3% 32,601 100% Total female population 16,301 Total male population 16,300 2022 median age 39.3 City of Anoka State of United Andover County Minnesota States Income Statistics: 2022 per capita income 49,978$ 43,106$ 44,947$ 41,261$ 2022 median household income 123,054 95,782 74,313 75,149 2022 median family income 131,576 110,651 107,072 92,646 2022 median gross rent 1,713 1,356 1,178 1,268 2022 median value owner occupied housing 370,200 302,300 286,800 281,900 (1) Source: Metropolitan Council U.S. Census POPULATION DEMOGRAPHICS (2020 U.S. CENSUS) 199 CITY OF ANDOVER, MINNESOTA MISCELLANEOUS STATISTICAL DATA (Unaudited) Date incorporated 1974 Form of government Plan A Miles of streets City 207 County 43 Storm sewer (miles)87 Water main (miles)130 Sanitary sewer (miles)106 Parks: Number 68 Developed acreage 631 Trails (miles)41 Acreage: Developed 9,558 Undeveloped 12,734 Number of Firm Type of Business / Product Employees Anoka - Hennepin ISD No 11 Elementary and secondary education 736 Walmart Retail 335 Anoka County Sheriff's Office County government and services 250 Kottkes' Bus Service Transportation 225 Target Retail 200 YMCA Youth organization and fitness center 192 Fairview Andover Clinic Healthcare 125 Anoka County Highway Department County government and services 122 Legacy Christian Academy Elementary and secondary education 100 Bunker Hills Regional Park / Activity Center County government and services 100 Largest Employers in the City 200 GLOSSARY OF TERMS ACCOUNTING SYSTEM: The total set of records and procedures that are used to record, classify, and report information on the financial status and operations of an entity. ACCRUAL BASIS OF ACCOUNTING: The method of accounting under which revenues are recorded when they are earned (whether or not cash is received at that time) and expenditures are recorded when goods and services are received (whether cash disbursements are made at that time or not). ACTIVITY: A cost center for recording charges for services delivered or functions performed. Each activity has an assigned manager who is responsible for planning and conducting the various approved objectives or workloads. AMERICAN RECOVERY PLAN ACT (ARPA): The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US $1.9 trillion economic stimulus bill to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. AMORTIZATION: (1) The portion of the cost of a limited-life or tangible asset charged as an expense during a particular period. (2) The reduction of a debt by regular payments of principal and interest sufficient to retire the debt by maturity. APPROPRIATION: An authorization made by the legislative body of a government that permits officials to incur obligations against and to make expenditures of governmental resources. Appropriations are usually made for fixed amounts and are typically granted for a one-year period. ASSESSED VALUATION: A valuation set upon real estate or other property by a government as a basis for levying taxes. ASSESSMENT: (1) The process of making the official valuation of property for taxation. (2) The valuation placed upon property as a result of this process. ASSETS: Property owned by a government that has a monetary value. AUDIT: Audits focus on examining the accuracy and fairness of financial statements. These audits assess whether the financial records of a government entity present a true and fair view of its financial position and operations. Auditors evaluate the entity’s accounting practices, internal controls, and adherence to generally accepted accounting principles (GAAP). BALANCED BUDGET: When revenues and other financing sources equal expenditures/expenses and other financing uses. 201 BOND: A written promise to pay (debt) a specified sum of money (called principal or face value) at a specified future date (called the maturity date(s)) along with periodic interest paid at a specified percentage of the principal (interest rate). Bonds are typically used for long-term debt. BUDGET: A plan of financial operation embodying an estimate of proposed expenditures for a given period and the proposed means of financing them. BUDGET DOCUMENT: The official written statement prepared by the budget office and supporting staff that presents the proposed budget to the legislative body. BUDGET MESSAGE: A general discussion of the proposed budget presented in writing as a part of or supplement to the budget document. The budget message explains principal budget issues against the background of financial experience in recent years and presents recommendations made by the chief executive and budget officer. CAPITAL EXPENDITURE: a fixed asset is defined as a specific piece of property which meets the following: 1. It is tangible and does not materially change its form through use. 2. Its expected useful life is greater than three years. 3. It has significant value. In Andover’s financial system, significant value has two different thresholds: • $5,000 for tangible assets. A tangible asset is an asset having a physical existence, such as cash, equipment and real estate. • $10,000 for intangible assets. An intangible asset is an asset that possesses all of the following characteristics: lack of physical substance, nonfinancial nature, and initial useful life extending beyond a single reporting period. This includes but is not limited to easements, right-of-ways, software, etc. CAPITAL ASSETS: Assets of significant value and having a useful life of several years. Capital assets are also called fixed assets. CAPITAL IMPROVEMENTS BUDGET: A plan of proposed capital expenditures and the means of financing them. The capital budget is usually enacted as part of the complete annual budget, which includes capital outlays. The capital budget normally is based on a capital improvement plan (CIP). CARES: Coronavirus Aid, Relief and Economic Security 202 COVID-19: The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2. DELINQUENT TAXES: Taxes that remain unpaid on and after the date on which a penalty for non-payment is attached. DIVISION: An organizational unit within a department for purposes of administration and cost accounting. EMS: Emergency Medical Services ENTERPRISE FUND: (1) A fund established to account for operations financed and operated in a manner similar to private business enterprises. In this case, the governing body intends that costs of providing goods or services to the general public on a continuing basis be financed or recovered primarily through user charges. EXPENDITURES: Where accounts are kept on the accrual or modified basis of accounting, the cost of goods received or services rendered whether cash payments have been made or not. Where accounts are kept on a cash basis, expenditures are recognized only when the cash payments for the above purchases are made. FINES & FORFEITS: A sum of money imposed or surrendered as a penalty. FISCAL DISPARITIES: A distribution of 40% of the growth in commercial and industrial properties within the seven-county metropolitan area since 1971. FISCAL YEAR: A 12-month period to which the annual operating budget applies and at the end of which a government determines its financial position and the results of its operations. FULL FAITH AND CREDIT: A pledge of the general taxing power of a government to repay debt obligations (typically used in reference to bonds). FUND: An independent fiscal and accounting entity with a self-balancing set of accounts recording cash and/or other resources together with all related liabilities, obligations, reserves, and equities which are segregated for the purpose of carrying on specific activities or attaining certain objectives. FUND BALANCE: The excess of a fund’s assets over its liabilities, generally called a reserve. A negative fund balance is sometimes called a deficit. GENERAL FUND: The fund used to account for all financial resources, except those required to be accounted for in another fund. 203 GENERAL OBLIGATION BONDS: When a government pledges its full faith and credit to the repayment of the bonds it issues, those bonds are general obligation (GO) bonds. Sometimes the term is also used to refer to bonds that are to be repaid from taxes and other general revenues. GENERAL OBLIGATION REVENUE BONDS: Intended to be paid first from the revenues of the enterprise fund. They are backed by the full faith, credit and taxing power of the City. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP): Uniform minimum standards and guidelines for financial accounting and reporting. They govern the form and content of the financial statements of an entity. GAAP encompass the conventions, rules and procedures necessary to define accepted accounting practices at a particular time. They include not only broad guidelines of general application, but also detailed practices and procedures. GAAP provide a standard by which to measure financial presentations. The primary authoritative body on the application of GAAP to state and local governments is the GAAP. GFOA: Government Finance Officers Association G.I.S.: Geographic Information System GOAL: The intention of an activity or a plan. GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB): The authoritative accounting and financial reporting standard- setting body for government entities. GOVERNMENTAL FUNDS: Funds used to account for the acquisition, use and balance of expendable financial resources and the related current liabilities-except those accounted for in proprietary funds and fiduciary funds. Under current GAAP, there are four governmental fund types: general, special revenue, debt service and capital projects. GPS: Global Positioning System GRANT: A contribution of assets (usually cash) by one governmental unit or other organization to another. Typically, these contributions are made to local governments from the state and federal governments. Grants are usually made for specified purposes. HIGHWAY MAINTENANCE: An intergovernmental revenue from the State to be used for maintenance of the municipal state aid street system. The money comes from the state gasoline tax and fees from motor vehicle registration. HOMESTEAD AND AGRICULTURAL CREDIT AID (HACA): A property tax relief program that replaced the former homestead credit program and the agricultural credit program. HACA is tied to class rate reductions for certain classes of property. 204 HRA: Housing and Redevelopment Authority. The HRA may buy, own and sell land for housing and economic development purposes and engage in other housing and redevelopment activities consistent with MN law. INFRASTRUCTURE: The basic facilities, equipment, services and installations needed for the growth and functioning of a community. Includes roads, bridges, curbs and gutters, streets and sidewalks, drainage systems and lighting systems. INTERGOVERNMENTAL REVENUES: Revenues from other governments in the form of grants, entities, shared revenues or payments in lieu of taxes. INTERNAL SERVICE FUND: A fund used to account for the financing of goods or services provided by one department or agency to other departments or agencies of a government, or to other governments, on a cost reimbursement basis. LEGAL DEBT LIMIT: The maximum amount of outstanding gross or net debt legally permitted. LEGAL DEBT MARGIN: The legal debt limit less outstanding debt subject to limitation. LEGISLATIVE: Having the power to create laws. LEVY: (1) (Verb) To impose taxes, special assessments or service charges for the support of government activities. (2) (Noun) The total amount of taxes, special assessments or service charges imposed by a government. LOCAL GOVERNMENT AID (LGA): A state government revenue sharing program for cities and townships that is intended to provide an alternative to the property tax. LGA is distributed through a formula based on tax base, population, population decline, age of housing and the percent of market value classified as commercial or industrial. LOCAL PERFORMANCE AID (LPA): A state program for cities and counties that is intended to provide an incentive for local governments to develop performance measurement systems. MARKET VALUE: An assessor's estimate of what property would be worth on the open market if sold. The market value is set on January 2 of the year before taxes are payable. MARKET VALUE HOMESTEAD CREDIT (MVHC): a property tax relief program devised by the State government to give local property tax payers relief from the burden of local property taxes by providing a credit or reduction on the amount of property taxes. MARKET VALUE HOMESTEAD EXCLUSION (MVHE): a property tax relief program devised by the State government to give local property tax payers relief from the burden of local property taxes by excluding a portion of property value from taxation. 205 MODIFIED ACCRUAL BASIS: The basis of accounting under which expenditures other than accrued interest on general long-term debt are recorded at the time liabilities are incurred and revenues are recorded when received in cash except for material and/or available revenues, which should be accrued to reflect properly the taxes levied and revenue earned. MATURITIES: The dates on which the principal or stated value of investments or debt obligations mature and may be reclaimed. OBJECT OF EXPENDITURE: Expenditure classification based upon the types or categories of goods and services purchased. Typical objects of expenditure include: - personal services (salaries and wages); - charges and services (utilities, maintenance contracts, travel); - supplies and materials; and, - capital outlay. OBJECTIVE: A specific, measurable goal that outlines the desired result or outcome an organization aims to achieve. OPERATING BUDGET: A plan of financial operation embodying an estimate of proposed expenditures for the calendar year and the proposed means of financing them (revenue estimates). OPERATING EXPENSES: Proprietary fund expenses related directly to the fund's primary activities. OPERATING TRANSFER: Routine and/or recurring transfers of assets between funds. ORDINANCE: A formal legislative enactment by the government body of a municipality. If it is not in conflict with any higher form of law, it has the full force and effect of law within the boundaries of the municipality to which it applies. OTHER CHARGES: A level of budgetary appropriations, which includes expenses for outside professional services, advertising, insurance, utility costs, repairs maintenance and miscellaneous costs. PERA: Public Employees Retirement Association PERFORMANCE MEASURES: A quantitative or qualitative measurement of activity. PERSONAL SERVICES: A level of budgetary appropriations, which includes expenses for salaries, wages, and related employee benefits such as the City's share of retirement and insurance. 206 POLICE DEPARTMENT AID: An intergovernmental revenue from the State to be used to maintain the Police Department. A premium tax of two percent is imposed on automobile insurance and apportioned to qualifying cities. POLICY: A set of guidelines used for making decisions. PRE-EMPTIVE DEVICES: Radio frequency controlled traffic light on emergency vehicles. PROGRAM: Group activities, operations or organizational units directed to attaining specific purposes or objectives. PROPRIETARY FUNDS: Account for government's ongoing organizations and activities that are similar to those often found in the private sector. All assets, liabilities, equities, revenues, expenses and transfers relating to the government's business and quasi- business activities are accounted for through proprietary funds. The GAAP used are generally those applicable to similar businesses in the private sector and the measurement focus is on determination on net income, financial position and changes in financial position. Includes enterprise and internal service funds. RESERVES: Assets kept back or saved for future use or special purpose. RESIDUAL EQUITY TRANSFER: Non-recurring or non-routine transfers of assets between funds. RETAINED EARNINGS: An equity account reflecting the accumulated earnings of the government's proprietary funds (those funds where service charges will recover costs of providing those services). REVENUE: The term designates an increase to a fund's assets which: - does not increase a liability (e.g., proceeds from a loan); - does not represent a repayment of an expenditure already made; - does not represent a cancellation of certain liabilities; and - does not represent an increase in contributed capital. REVENUE ESTIMATE: A formal estimate of how much revenue will be earned from a specific revenue source for some future period; typically, a future fiscal year. SPECIAL ASSESSMENT: A compulsory levy made against certain properties to defray part or all of the cost of a specific improvement or service deemed to primarily benefit those properties. SPECIAL REVENUE FUND: A fund used to account for the proceeds of specific revenue sources (other than expendable trusts or major capital projects) that are legally restricted to expenditure for specified purposes. 207 SUPPLIES: A level of budgetary appropriations, which includes expenses for commodities that are used such as office supplies, operating supplies, repair and maintenance supplies. TAX CAPACITY: A valuation set upon real estate and certain personal property by the County Assessor as a basis for levying property taxes. The assessor determines the estimated market (resale) value of the property. This value is converted to tax capacity by a formula specified in state law. TAX CAPACITY RATE: The property tax rate that is based on the taxes levied as a proportion of the property value. A tax rate of 18.751% produces $18.75 of taxes on each $100 of tax capacity that a property is valued at. TAX LEVY: The total amount to be raised by general property taxes for the purposes stated in the resolution certified to the County Auditor. TAXES: Compulsory charges levied by a government to finance services performed for the common benefit. TRUTH IN TAXATION: The "taxation and notification law" which requires local governments to set estimated levies, inform taxpayers about the impacts, and hold a separate hearing to take taxpayer input. VARIANCE: A relaxation of the terms of the zoning ordinance where such variance will not be contrary to the public interest and where, owing to conditions peculiar to the property and not the result of the actions of the applicant, a literal enforcement of the ordinance would result in unnecessary and undue hardship. WORKING CAPITAL: Current assets minus current liabilities. WORKLOADS: A measure of the services provided. 208