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HomeMy WebLinkAboutCC - June 1, 2010ANLb 6 W w 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.AN DOVER. MN.US Regular City Council Meeting — Tuesday, June 1, 2010 Call to Order — 7:00 p.m. Pledge of Allegiance Special Presentation — CenterPoint Energy Community Partnership Grant Resident Forum Agenda Approval 1. Approval of Minutes (5/18/10 Regular Meeting, 5/18/10 Closed Meeting) Consent Items 2. Approve Payment of Claims — Finance 3. Approve Plans & Specs /Order Advertisement for Bids /09- 37/138'' Avenue NW & Xavis Street NW/Water Main Extension - Engineering 4. Approve Plans & Specs /Order Advertisement for Bids /10 -12 /Public Works Salt Storage Facility Engineering 5. Approve Used Vehicle Sales License /Andover Auto Care /16191 Round Lake Boulevard NW - Planning 6. Order Improvement/Approve Plans /09- 18/Hawkridge Park Reconstruction — Engineering 7. Authorize Sophies South Park Improvements — Engineering 8. Amend Fee Ordinance - Building Discussion Items 9. Year Ended December 31, 2009 Audit Presentation /HLB Tautges Redpath -Administration 10. Discuss Petition/No Parking Request/148h Lane NW - Engineering Staff Items 11. Schedule June Council Workshop - Administration 12. Administrator's Report -Administration Mayor /Council Input Closed Session — 2010 Public Works Union Contract Review/Discussion Closed Session — Open Space Land Purchase Negotiations — White Pine Wilderness Adjournment C I T Y O F NDOVE 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US TO: Mayor and Councilmembers FROM: Jim Dickinson, City Administrator SUBJECT: Special Presentation — CenterPoint Energy DATE: June 1, 2010 Kyle Marty from CenterPoint Energy will be present at the meeting to present to the City Council a CenterPoint Energy Community Partnership Grant to be used for the purchase of fire department pagers. submitted, 4 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US P TO: Mayor and City Council \\ CC: Jim Dickinson, City Administrator ( FROM: Michelle Hartner, Deputy City Clerk SUBJECT: Approval of Minutes DATE: June 1, 2010 INTRODUCTION The following minutes were provided by Timesaver and Staff for City Council approval: May 18, 2010 Regular Meeting May 18, 2010 Closed Meeting DISCUSSION The minutes are attached for your review. ACTION REQUIRED The City Council is requested to approve the above minutes. Respectfully submitted, Michelle Hartner Deputy City Clerk Attach: Minutes G) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 REGULAR ANDOVER CITY COUNCIL MEETING — MAY 18, 2010 MINUTES The Regular Bi- Monthly Meeting of the Andover City Council was called to order by Mayor Mike Gamache, May 18, 2010, 7:00 p.m., at the Andover City Hall, 1685 Crosstown Boulevard NW, Andover, Minnesota. Councilmembers present: Sheri Bukkila, Don Jacobson, Mike Knight, Julie Trude Councilmember absent: None Also present: City Attorney, Scott Baumgartner Director of Public Works /City Engineer, Dave Berkowitz City Administrator, Jim Dickinson City Planner, Courtney Bednarz Others PLEDGE OFALLEGL4NCE RESIDENT FORUM Mr. Jeffrey Johnson, 16729 Crocus Street, stated he was at the meeting because he has received multiple letters from the City regarding a complaint received regarding the operation of dirt bikes, motorcycles and ATV's on his property. The first letter noted the use is not a violation because the property is located in R -1 zoning. He stated a second letter indicated the first letter sent was in error and the City was requiring him to immediately discontinue the use of such vehicles on his property. He stated he then talked to the City Planner who determined his property was close enough to 2.5 acres to satisfy the requirement but a review by the City Attorney and City Administrator determined that the property was technically less than 2.5 acres in size and the operation of highway motor vehicles deemed to be prohibitive. Mr. Johnson stated he went to his neighbors and got a signed petition and he was requesting an allowance or an ordinance change. Councilmember Jacobson indicated they have item 11 on the agenda where they have the City Code amendments and in there it talks about 2.5 acres lots and he thought there will need to be a revision to that verbiage and that if they change that it will affect this resident and he suggested they move this to that item and handle it there. Councilmember Trude asked if this would be the case because she thought this was talking about the use of the property and item 11 talks about what can be parked in the driveway. She did not think these were the same. City Administrator Dickinson stated the code revision they are talking about in item 11 has to do 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Regular Andover City Council Meeting Minutes —May 18, 2010 Page 2 with parking. Mr. Johnson is talking about a different kind of use and if the Council wanted to address this he would suggest Council do this as a part of a discussion of the entire zoning code. They can talk about the concept of the intent of a 2.5 acre lot but this use should not be included in item 11. Councilmember Jacobson stated Mr. Johnson's concern is that he does not technically have 2.5 acres, he is just shy of that and if they change the definition slightly that should take care of his concern. City Attorney Baumgartner stated it depends on the definition because definitions for each particular section of the ordinance can deal with different things. He thought in order to encompass what they are talking about on the agenda and what Mr. Johnson is talking about is much broader than what is before the Council and that his issue would not be dealt with in item 11 because they are not talking about his use. Mr. Dickinson stated if they discuss this issue under item 11 and at the end of that discussion if staff is directed to carry that same theme throughout the rest of the zoning code that would be the directive he would be looking for. Councilmember Jacobson stated that was what he was intending to do. Mayor Gamache apologized for the mix up with the letters Mr. Johnson received. Mr. Johnson indicated he believed the property to be 2.5 acres when he purchased the property 18 years ago. Mayor Gamache indicated the property size was probably decreased due to the curvature of the road and other properties are the same way. Mr. Johnson agreed. Mr. Dickinson reviewed a map of the area and the lot sizes with the Council. Councilmember Trude stated they would not make a big policy change this evening because someone showed up at a meeting and the Council voted on it, which is what concerned here. Mr. Dickinson suggested they can use the information they have for the other code areas and they would advertise that and put it through the process with a public hearing. Mayor Gamache stated with the information Mr. Johnson has provided it appears the Council needs to have some discussion as to what type of a fix they can make. He stated after talking with the City Engineer these types of irregularities that happen with the plats years ago do not happened anymore. Mr. Dickinson asked if Mr. Johnson wanted to enter the petition into public record. Mr. Johnson indicated he would. Councilmember Knight asked if there was a provision or isn't there some way that an inadvertent mistake was made with the size of the lot. City Attorney Baumgartner stated there is language they can use to correct this but he wants sure if it would just be an inadvertent mistake. Councilmember Trude noted there have been other instances in the City where they have upheld the City Code regarding minimum requirements for acreage and have upheld the code in those instances. Mrs. Shannon Schmegg, 2731 167th Lane, stated she is Mr. Johnson's neighbor to the north and she 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Regular Andover City Council Meeting Minutes —May 18, 2010 Page 3 was the one who made the complaint and she did this for her son who has special needs. She indicated her son was afraid of the noise even though he can see the source. She explained she had photos showing Mr. Johnson had more than one ATV and documentation proving her son is autistic. She stated this type of issue has been dealt with before in the City and she was prepared to follow this to the end and make sure the noise stops because Mr. Johnson does not have 2.5 acres. She noted there is set precedence and if the Council is going to change for one, it needs to be changed for all. Photos of Mr. Johnson's yard were shown by Mrs. Schmegg. Mr. Ken Madden, 16476 Bittersweet Court, stated he used to live across the street from Mr. Johnson and the entire neighborhood has tracks to ride ATV's on so Mr. Johnson is not the only one. As far as he could see Mr. Johnson does not have a race track on his property. This is a neighborhood that almost everyone has an ATV that they ride around on so Mr. Johnson is not the only one. AGENDA APPROVAL Add Land Negotiations for PID number 29- 32 -24 -44 -0022 to the Closed Session. Councilmember Trude would like to move Item 6 to discussion items for a couple questions. Motion by Jacobson, Seconded by Knight, to approve the Agenda as amended above. Motion carried unanimously. APPROVAL OFMINUTES May 4, 2010, Regular Meeting: Correct as amended. Councilmember Trude stated on page 3, line 10, needs a word " Councilmember Trude asked that a traffic control change sign be used ". On page 4 she needed to correct the comments she made at the beginning of line 13: " Councilmember Trude commented on the topic of 2.5 acre minimum, she thought they should not just list Rl, R2, R3 areas because some areas in the northwest portion of the City have less than one acre and she did not want to see forty-five foot RV's in those backyards." Motion by Trude, Seconded by Jacobson, to approve the minutes as indicated above. Motion carried unanimously. CONSENT ITEMS Item 2 Approval of Claims Item 3 Order Improvement/Order Plans & Spec/09- 37/138' Avenue NW & Xavis Street 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Regular Andover City Council Meeting Minutes — May 18, 2010 Page 4 NW /Water Main Extension Item 4 Order Improvement/Order Plans & Spec /10 -12 /Public Works Salt Storage Facility Item 5 Declare Surplus Equipment/Inventory Item 7 Approve Debt Policy Updates Item 8 Approve Refuse/Recycler Hauler Licenses Item 9 Assistance to Firefighters Grant Application Motion by Jacobson, Seconded by Bukkila, approval of the Consent Agenda as read. Motion carried unanimously. ANOKA COUNTYSHERIFF 'SDEPARTMENTMONTHLYREPORT Captain Wells from the Anoka County Sheriff's Department updated the Council on law enforcement activities in the City. CONSIDER CITY CODE AMENDMENTIEXTERIOR STORAGE OF COMMERCL4L VEHICLES & OTHER STORAGE ITEMS City Planner Bednarz explained the City Council continued to discuss exterior storage of commercial vehicles, recreational vehicles and other items at the May 4h City Council meeting. The Council has provided feedback regarding ten different types of commercial vehicles. The direction given was to bring forward a final draft amendment to the City Code for review at the meeting. Mr. Bednarz reviewed the information with the Council. Mr. Bednarz stated on page 3, they are proposing to add "Landscaping to Building Materials" and giving a limitation of 6 months for building or landscaping materials to be on residential property before a project should be completed. Councilmember Trude wondered if this will be confusing. Councilmember Bukkila stated she was concerned about what would fall into this category. Mr. Bednarz stated they have seen landscaping block or a pile of rocks on property that has not been used. Councilmember Bukkila indicated she did not like this. Mayor Gamache thought if someone had landscaping material that was going to be used for something a six month period seemed to be a long enough time to get the project completed. Councilmember Trude thought the definition needed to be changed because it is too broad. Mr. Dickinson reviewed some examples with the Council. City Attorney Baumgartner stated he understood Councilmember Trude's concerns and thought they could change the definition to: "building or landscaping materials to be incorporated into a project on the premises of a property with an active building permit ". 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Regular Andover City Council Meeting Minutes —May 18, 2010 Page 5 Councilmember Jacobson stated if someone is doing a landscaping project the resident does not necessarily need to get a building permit. He suggested they review the rest of this item and come back to this one. Councilmember Trude stated this is a wordsmith item and the first sentence before the comma should have to do with building materials and then the second part would have to do with the landscaping materials to be incorporated into a project on the premises of the property with an active remodeling or beautification project. The building permit applies when they do a remodel project. Mr. Bednarz continued to review the changes to the code amendment with the Council. Councilmember Jacobson stated under item B, it states "All districts, except residential districts may require a conditional use permit if something is hazardous to the health, safety, general welfare..." he realized this was in there now and not something new but he thought on Ward Lake Drive someone wanted to refill cartridges and use gun powder and the Council said no and he wondered if in an R -4 someone wanted to something in their basement that could be harmful, the way it says, the City cannot do anything about it because it says "all districts except residential districts ". He wondered if they wanted to take out "except" from the statement so they could still have some control and protection. Mayor Gamache thought item B only regarded exterior storage so he did not know if it would apply to someone doing something in their basement. Mr. Bednarz noted this item only applies to exterior storage and allows under number 1 under the general health, safety, welfare, they could require a commercial or industrial business to apply for a CUP and put reasonable conditions on them to do exterior storage with residential districts excluded there is a separate section that provides what they can do for exterior storage. Mr. Bednarz stated he would like the Council to consider item 2 that states "Any exterior storage that is not enumerated in 12 -13 -3 (1 -4), striking number 2 because 12- 3 -13 -3 (1 -4) is residential districts. The Council was in agreement with this. Permitted use of residential parking area Mr. Bednarz reviewed this section with the Council. Councilmember Bukkila thought this was condensed down to just the driveway and if something could go in the garage they did not want to necessarily regulate this. Mr. Bednarz stated it is written to allow one in each, the driveway and the garage. Mayor Gamache thought if someone had two business vehicles in the garage it could be a problem. Mr. Bednarz stated that was correct and would be a problem the way it is written. Councilmember Jacobson thought they discussed this before and agreed that as long as a vehicle was 1 2 3 4 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Regular Andover City Council Meeting Minutes — May 18, 2010 Page 6 in the garage it would not be a problem and one would be allowed in the driveway. Mr. Bednarz stated if this was the case they could eliminate the words "and private garages ". Councilmember Trude stated that was a code amendment from five years ago because they did not want people to take over the garage for a business use. She preferred to leave item C alone. Rear Yards Mr. Bednarz stated this item was brought back from the previously stricken section and towards the bottom is the discussion on recreational vehicles 45 feet in length in rear yards in the following locations. Councilmember Jacobson stated there are a number of lots on the map listed as 2.5 acres but they are actually a bit smaller than 2.5 acres and if they adopt this the way it is all of the residents with the blue lots indicated on the map could not take advantage of this rear yard code amendment and some of the other provisions in this ordinance. Mr. Baumgartner stated they could add some language stating "For those rural lots originally intended to be 2.5 acres, but upon development, resulted in less than 2.5 acres, but at least 2.25 acres, are for the purpose of this ordinance considered to satisfy the 2.5 acre requirement". Mr. Dickinson stated this is based on a theory and concept of the 90 percent rule for lot splits and is intended to only be a suggestion for the Council. Councilmember Trude stated she was a little worried about this because there are some areas that this would apply to. Mr. Dickinson stated it would apply to about 90 percent of the blue lots with the exception of the far north western part of town by the river. Councilmember Jacobson stated they are going to have problems with people wanting to put trailers on what they thought was 2.5 acres and in reality it is less and if they have complaints will need to remove them because they would be in violation of the ordinance. The Council discussed the minimum allowed for lot size. Mr. Dickinson suggested using 95% of a 2.5 acre lot which would be 2.375 acres. Mr. Dickinson also stated 2.375 acres could also apply if a resident owned two parcels that are adjacent to one another and they total that amount. Councilmember Trude stated she did not mean that and meant they needed to keep part two in but did not recall that part two applies anywhere in the City, not just rural areas. Mr. Dickinson noted the interpretation on this was for this to be city wide, but in rural areas that were developed as rural subdivisions, they would use the 2.375 to 2.5 as the intent and this section on page 7 is what they would apply to the rest of the community. Items E & A Mr. Bednarz reviewed these items with the Council. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 Regular Andover City Council Meeting Minutes — May 18, 2010 Page 7 Home Occupation Section Mr. Bednarz reviewed this section with the Council. Title Six — Motor Vehicles Mr. Bednarz reviewed the changes to this section with the Council. Councilmember Jacobson stated at the last meeting he thought they were talking about why no variance was shown in the ordinance he thought it was going to be put in here and wondered what happened to it. City Attorney Baumgartner stated they were talking about the variance language and what they opted to do was change the section regarding what constitutes an equivalent 2.5 acre rural lot. He thought if they started getting into a variance, it is discretionary on the Council and puts them in a tough situation because a lot of times the decision is going to be subjective. Landscaping City Attorney Baumgartner suggested the following wording `Building materials currently being used on the premises of the property with an active building permit or landscaping materials to be incorporated into a project on the premise of a property with an active remodeling/beautification project, not to exceed six months within the calendar year." Motion by Jacobson, Seconded by Knight, to move the adoption of the ordinance with the changes discussed. City Attorney Baumgartner suggested under 12.13.8.C3, talking about the driveways and private garages, he would propose and suggest combining A & B because they want to get rid of the private garage. The section would read "Driveways in a residential district shall be utilized solely for the parking of licensed and operable motor and passenger vehicles, trailers and recreational vehicles, and may not contain more than one vehicle registered as a commercial vehicle..." and incorporating B into this and renumber, which would allow item E to be correct. Councilmember Jacobson indicated he would accept this as an amendment. Motion carried unanimously. Councilmember Jacobson asked to direct City staff to review other ordinances that reference 2.5 acres to see if they should be modified to this criterion and to be brought to a workshop meeting for discussion. Councilmember Trude asked that this be sent through the P & Z for public hearing. Consensus of the Council was reached to direct staff to review and bring to a workshop. Motion by Jacobson, Seconded by Bukkila, to approve the summary ordinance for publication. Motion carried unanimously. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 Regular Andover City Council Meeting Minutes — May 18, 2010 Page 8 APPROVE LICENSEAGREEMENT /HIDDENCREEKNORTHICLEARWIRE WIRELESS Mr. Dickinson explained City Administration has negotiated a license agreement with Clear Wireless, LLC for space in Hidden Creek North Park for the purpose of constructing, operating and maintaining a monopole telecommunication tower within the land. If the license agreement is approved the funds the City receives will be used to support future improvements at the park. Councilmember Trude stated she was concerned with the safety of the kids playing in the area and the location and she wondered if the pole could be moved. She requested staff to go back to Clear Wireless and ask them to move the fence. Mr. Dickinson stated he would request Clear Wireless to add fencing. Councilmember Trude thought it would be nice for Clear Wireless to add evergreen around the fence line instead of the landscaping being proposed. Council discussed with staff possible landscaping alternatives. Motion by Trude, Seconded by Jacobson, to approve the agreement contingent upon their acceptance of the new conditions as discussed. Mayor Gamache asked on diagram C -1, it has a dotted line around the item that goes into the ball field and he wondered what that was for. Mr. Bednarz stated that was noting the detail that shows up on the following page. Mayor Gamache asked how many actual feet they would be from the fence. Mr. Bednarz showed the plans to the Council and noted it would be approximately fourteen feet. Councilmember Trude asked if there was a reason why they could not place the pole on the hill or could they possibly place it closer to the street. Mr. Bednarz stated there are underground utilities, berm, and because of the height they are trying not to move it any closer to the road. Motion carried 4 ayes, 1 nay ( Gamache). SCHEDULE EDA MEETING The Council is requested to schedule an Economic Development Authority (EDA) meeting at 6:00 p.m. before the June 15, 2010 City Council meeting. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 Regular Andover City Council Meeting Minutes —May 18, 2010 Page 9 Motion by Jacobson, Seconded by Trude, to schedule an EDA Meeting for June 15, 2010 at 6:00 p.m. Motion carried unanimously. SCHEDULE JUNE WORKSHOP The Council asked to have this item brought back to the next City Council meeting. ADMINISTRATOR REPORT City Administrator Dickinson updated the Council on the Administration and City Department Activities, meeting reminders, CIP Projects and development activity. MAYOR/COUNCIL INPUT (State Budget Effects) — Councilmember Trude stated they have been reading in the paper that the State did adjourn with a balanced budget and she wondered if staff knew what that meant for their City. Mr. Dickinson stated Market Value Homestead Credit will be cut by about $528,000. (Community Center Meeting) — Councilmember Knight stated at their meeting they were informed by the new director at the YMCA that their YMCA is second in membership in the metro and very soon will be first. Councilmember Trude wondered if there was any discussion regarding expansion. (Public Works Appreciation Week) — Mayor Gamache indicated this week was Public Works Appreciation Week and he went to the Public Works staff and spoke to them letting them know how much they are appreciated by the City. The City Council recessed at 8:33 p.m. to go into a closed session to discuss Open Space Land Purchase Negotiations — White Pines Wilderness & Land Negotiation for PID number 29- 32- 24 -44- 0022. The City Council reconvened at 9:13 p.m. to adjourn. Motion by Trude, Seconded by Bukkila, to adjourn. Motion carried unanimously. The meeting adjourned at 9:14 p.m. Respectfully submitted, Susan Osbeck, Recording Secretary Regular Andover City Council Meeting Minutes — May 18, 2010 Page 10 REGULAR ANDOVER CITY COUNCIL MEETING MINUTES — MAY 18, 2010 TABLE OF CONTENTS PLEDGE OF ALLEGIANCE .......................................................................... ............................... 1 RESIDENTFORUM ....................................................................................... ............................... 1 AGENDA APPROVAL ................................................................................... ............................... 3 APPROVALOF MINUTES ............................................................................ ............................... 3 CONSENTITEMS .......................................................................................... ............................... 3 Approvalof Claims ...................................................................................... ............................... 3 Order Improvement/Order Plans & Speca/09- 37/138' Avenue NW & Xavis Street NW /Water MainExtension ...................................................................................... ............................... 3 Order Improvement/Order Plans & Speca/l0- 12/Public Works Salt Storage Facility ............... 4 Declare Surplus Equipment / Inventory ......................................................... ............................... 4 ApproveDebt Policy Updates ...................................................................... ............................... 4 Approve Refuse/Recycler Hauler Licenses .................................................. ............................... 4 Assistance to Firefighters Grant Application ............................................... ............................... 4 ANOKA COUNTY SHERIFF'S DEPARTMENT MONTHLY REPORT .... ............................... 4 CONSIDER CITY CODE AMENDMENT/EXTERIOR STORAGE OF COMMERCIAL VEHICLES & OTHER STORAGE ITEMS .................................................... ............................... 4 APPROVE LICENSE AGREEMENTMIDDEN CREEK NORTH/CLEARWIRE WIRELESS. 8 SCHEDULEEDA MEETING ......................................................................... ............................... 8 SCHEDULEJUNE WORKSHOP .................................................................. ............................... 9 ADMINISTRATORREPORT ........................................................................ ............................... 9 MAYOR/COUNCIL INPUT ........................................................................... ............................... 9 ADJOURNMENT............................................................................................ ............................... 9 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US TO: Mayor and Councilmembers CC: Jim Dickinson, City Administrator / Finance Directc FROM: Lee Brezinka, Assistant Finance Director SUBJECT: Payment of Claims DATE: June 1, 2010 INTRODUCTION Attached are disbursement edit lists for claims related to the on going business of the City of Andover. DISCUSSION Claims totaling $64,086.27 on disbursement edit list #1- 2 from 05/21/10 to 05/28/10 have been issued and released. Claims totaling $695,766.33 on disbursement edit list #3 dated 06/01/10 will be issued and released upon approval. BUDGET IMPACT The edit lists consist of routine payments with expenses being charged to various department budgets and projects. ACTION REQUESTED The Andover City Council is requested to approve total claims in the amount of $759,852.60. Please note that Council Meeting minutes will be used as documented approval. Respectfully submitted, ee Brezinka Attachments: Edit Lists u I 0 w d P4 d z. d w a e a O d 0 G U -1 H u �O b H z z z z z z I z O b 00 O b b N N .Nr O c a Fs7 y ..U. �x U U�U N U O b � Q � U N v? �' bA bA bA U U U o tY❑ tx F 0 0 U U �Q U 0 U O 0 0 0 I 0 0 O N h O V1 V1 M 00 O 01 O O o O Cl N N .Nr O O .M-i "' ...-. N .... �-. N O O O OJ O O N �--� •-" OJ O\ 4J �--� N •-� •r �--� •--� O `""� `""' . 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U N A 0 z u �O a C H 00 h H N ? x V U FG w, x o �a � U ° 0 a x ww z G o O U F F M 0A a. a N N a, ' z z z z lad � CAD C� CAD CN N N O U p" O U gyp" O U. z U) m CAm Vo U O � Uo Uo Uo Utz A O o 0 0 b y CD o 0 0 0 a N N N N O O O O cC O O O O [ M M OO Cl C> OO M c} M M V1 Vl 0 0 h V1 M 16 16 00 06 1p 0o DD CN 17 M O CD (D NN daml� � � b Y V� Y h 0 q U 0 U F m o P. m W tz x. .k m N q q H CD rA O C3 vo vb � > >_33 0 o_ �i O .0 Cq J 2Z td Ox cC �wk C./ y ° p a"i o ° ai N ai E e0i � a A �P,U oo 0 °o o U WU ciU � q U FF o3 m p o v N o o qq i-I N N U U V 0 00 o C'4 o U 0 �� eGi G o T �U 3a �°. >.° > >° >a �¢ 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US TO: Mayor and Council Members CC: Jim Dickinson, City Administrator David Berkowitz, Director of Public Wor s /City Engineer FROM: Jason Law, Assistant City Engineer SUBJECT: Approve Plans & Specs /Order Advertisement for Bids /09- 37/1381h Avenue NW & Xavis Street NW Water Main Extension - Engineering DATE: June 1, 2010 INTRODUCTION The City Council is requested to approve final plans and specifications and order the advertisement for bids for Project 09 -37, 138th Avenue NW & Xavis Street NW Water Main Extension. alp DISCUSSION The proposed improvements will include construction of a water main along 138th Avenue and Xavis Street between Crosstown Drive and Bunker Lake Boulevard, repair of damaged concrete curb and gutter, and paving of a new bituminous roadway. The improvements will include water service lines stubbed at each parcels property line. The bid results are scheduled to be brought forward for consideration of award at the July 6, 2010 regularly scheduled City Council meeting. BUDGETIMPACT The project will be funded with CDBG funds administered by Anoka County. This includes construction costs as well as all indirect costs related to the design and construction up to a total project cost of $300,000. There are no costs or assessments to the existing parcels proposed with this improvement project. Should they so choose, the parcels would have to petition the City to connect to the new service lines, at which point a feasibility report would be prepared to determine water area and connection charges for each parcel. ACTION REQUIRED The City Council is requested to approve the resolution approving final plans and specifications and ordering the advertisement for bids for Project 09 -37, 138th Avenue NW & Xavis Street NW Water Main Extension. R ectfull submitted, /Z-� Jas on J. Law, PE Attachments: Resolution / & Project Location Map' CITY OF ANDOVER COUNTY OF ANOKA STATE OF MINNESOTA RES. NO. MOTION by Councilmember to adopt the following: A RESOLUTION APPROVING FINAL PLANS AND SPECIFICATIONS AND ORDERING ADVERTISEMENT FOR BIDS FOR PROJECT 09 -37, 138TH AVENUE NW & XAVIS STREET NW WATER MAIN EXTENSION. WHEREAS, pursuant to Resolution No. -10, adopted by the City Council on the 18th day of Maw_, 2010, the City Engineer has prepared final plans and specifications for Project No. 09 -37 for 138 Avenue NW & Xavis Street NW Water Main Extension; and WHEREAS, such final plans and specifications were presented to the City Council for their review on the 1 st day of June 2010. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Andover to hereby approve the Final Plans and Specifications. BE IT FURTHER RESOLVED by the City Council of the City of Andover to hereby direct the City Clerk to seek public bids as required by law, with such bids to be opened at 10:00 a.m. , Wednesday, June 30, 2010 at the Andover City Hall. MOTION seconded by Councilmember and adopted by the City Council at a regular meeting this 1st day of June , 2010 , with Councilmembers voting in favor of the resolution, and Councilmembers against, whereupon said resolution was declared passed. CITY OF ANDOVER ATTEST: voting Michael R. Gamache - Mayor Michelle Hartner — Deputy City Clerk 1 t 1 0 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US TO: Mayor and Council Members CC: Jim Dickinson, City Administrator FROM: David D. Berkowitz, Director of Public Works /City Engineer SUBJECT: Approve Plans & Specs /Order Advertisement for Bids /10- 12/Public Works Salt Storage Facility - Engineering DATE: June 1, 2010 INTRODUCTION The City Council is requested to approve final plans and specifications and order the advertisement for bids for Project 10 -12, Public Works Salt Storage Facility. DISCUSSION Public Works Salt Storage Facility will consist of a tension fabric truss structure set on pier footings with tip up panels interior that will provide a storage area for deicing material (salt) and other granular material that is currently stored in the Public Works yard. The structure has received a CUP to allow the height of the structure to exceed 35 feet. The project will be constructed in three phase. The first phase will be to prepare the site by excavating the soil, setting the grade for the site and placing class 5. This work will be completed by Public Works staff. The second phase will be to construct the building. The plan and specification that is approved under this item will provide contractors with the details on how the building is to be constructed. The contractor will work with a registered engineer in the State of Minnesota to provide a complete plan set for construction. This plan will be submitted to the City Building Department for review and permit approval. The last phase will be to shape the class 5 and pave two lifts of bituminous. The paving contract has been let through the 2010 Street Reconstruction project. Plans are available in the City Engineer's office for review. BUDGETIMPACT The entire project is estimated to be $165,000 and will be funded from the City's Building funds. ACTION REQUIRED The City Council is requested to approve the resolution approving final plans and specifications and ordering the advertisement for bids for Project 10 -12, Public Works Salt Storage Facility. Respectfully submitted, David D. Berkowitz Attachments: Resolution'/ CITY OF ANDOVER COUNTY OF ANOKA STATE OF MINNESOTA ►0 MOTION by Councilmember to adopt the following: A RESOLUTION APPROVING FINAL PLANS AND SPECIFICATIONS AND ORDERING ADVERTISEMENT FOR BIDS FOR PROJECT 10 -12, PUBLIC WORKS SALT STORAGE FACILITY. WHEREAS, pursuant to Resolution No. -10, adopted by the City Council on the 18th day of May , 2010, the City Engineer has prepared final plans and specifications for Project No. 10 -12 for the Public Works Salt Storage Facility; and WHEREAS, such final plans and specifications were presented to the City Council for their review on the 1St day of June 2010. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Andover to hereby approve the Final Plans and Specifications. BE IT FURTHER RESOLVED by the City Council of the City of Andover to hereby direct the City Clerk to seek public bids as required by law, with such bids to be opened at 2:00 p.m., July 27 , 2010 at the Andover City Hall. MOTION seconded by Councilmember and adopted by the City Council at a regular meeting this 1St day of June , 2010, with Councilmembers voting in favor of the resolution, and Councilmembers against, whereupon said resolution was declared passed. ATTEST: Michelle Hartner — Deputy City Clerk CITY OF ANDOVER voting Michael R. Gamache - Mayor NDOVE 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US TO: Mayor and Councilmembers CC: Jim Dickinson, City Administrator Will Neumeister, Community Developm t irector FROM: Courtney Bednarz, City Planner SUBJECT: Approve Used Vehicle Sales License /Andover Auto Care /16191 Round Lake Boulevard- Planning DATE: June 1, 2010 INTRODUCTION The applicant intends to open a used vehicle sales business to replace the currently licensed used vehicle sales business on the subject property. City Code 3 -8 does not allow the existing business license to be transferred. The applicant must receive approval from the Council for a new business license. DISCUSSION The attached letter describes the transfer of ownership of the existing vehicle sales business. No changes to the site are proposed. The previously approved conditional use permit and commercial site plan remain effective and all of the conditions of that approval remain in place (see attached resolution and plan set). The existing business license for Twin Rivers Auto Sales is due to expire at the end of this year. Mr. Brabant has verbally indicated that he will not seek renewal of the license. ACTION REQUESTED The Council is asked to approve or deny the business license. A motion is required to act on the business license application. Attachments Location Map Applicant's Letter Commercial Location Checklist Resolution R109 -06 Previously Approved Commercial Site Plan (3 pages) City Code 3 -8 Ae bm'tted, dnar Cc: Mark Adkinson Andover Auto Care 16191 Round Lake Boulevard NW C 1 T Y () F' NDW Incorporated 1974 Used Vehicle Sales License 16190 Round Lake Boulevard NW 16223 3240 "' 0 3098 r M ^ N N N (h M 16177 16157 16180 16125 3121 3017 16135 t16011 261 rn N 3260 6 15961 3128 15940 Jj 15921 Subject Property 0 N 6, � 16377 16341 n M O N 161 ST AVI N W-< AE S N O O O O 16425 Z 164T AVE 16415 16381 N o 0 0 o N 2927 16405 M M U 0 16382 3251 J m W 3153 O c� M M r� A�2 N J 3105 m Z 163RD LN 3055 N m 16351 N 0 16315 3126 3100 M 0_ w rn In In 'n rn n 1° N M N ° ° 16223 3240 "' 0 3098 r M ^ N N N (h M 16177 16157 16180 16125 3121 3017 16135 t16011 261 rn N 3260 6 15961 3128 15940 Jj 15921 Subject Property 0 N 6, � 16377 16341 n M O N 161 ST AVI N W-< AE S April 22, 2010 City of Andover 1685 Crosstown Boulevard NW Andover, MN 55304 SUBJECT: Letter of Intent To Whom it may Concern: I am writing to inform you of my intent, as owner of Andover Auto Care, to become a licensed used car dealer at 16191 Round Lake Boulevard where Andover Auto Care and Twin Rivers Auto currently operate. Joe Brabant, owner of Twin Rivers Auto, was granted a used car dealer license in 2004, and has been operating a used car business at 16191 Round Lake Boulevard NW since that time. I have been informed that Mr. Brabant will be closing Twin Rivers Auto, and it is my intent to continue to operate a used car business at this location in the same fashion as it currently operates -- including office space, parking space, and number of cars for sale -- under the name of Andover Auto Care. The closing of Twin Rivers Auto, coupled with the current economic conditions, make it is necessary for Andover Auto Care to expand its business to include used car sales at this location in order to meet its financial obligations, including city taxes. As mentioned above, Andover Auto Care used car sales will replace Twin Rivers Auto used car sales at this location; no new /additional businesses are being added. I look forward to receiving the necessary conditional use permit and dealer license at your earliest convenience. If you have any questions, please contact me at 763 - 422 -4004. Sincerely, Mark Adkinson Owner, Andover Auto Care 16191 Round Lake Boulevard Andover, MN 55304 763 - 422 -4004 MINNESOTA DEPARTMENT OF PUBLIC SAFETY DRIVER AND VEHICLE SERVICES 445 Minnesota Street, St Paul, MN 55101 -5166 651- 296 -2977 rte; 651- 297 -1480 EMAIL: DealerQuestion @mnddvelnfo.org OFFICE USE ONLY DEALER NUMBER: DATE RECEIVED. _ INITIALS: Minnesota Vehicle Dealer License — Commercial Location Checklist This checklist describes (check one): Primary Location ❑ Additional Location (Attach a separate checklist for each location) DEALER NUMBER Street _/L/47/ d 6m),1 A � -El Uly /��/ f'f' City �f ✓fG/O(%Edi State jq&� D Z1'5,3ar County (d -4je) � Commercial Building Requirement: New, Used, Salvage Pool, and Auctioneer dealers must have a Commercial Building, which means a permanent, enclosed building that is on a permanent foundation and is connected to local sewer and water facilities or otherwise complies with local sanitation codes, is adapted to commercial use and conforms to local government zoning requirements. (Minnesota Statutes, section 168.27 subdivision 1) Commercial Office Space Requirement: Lessors, Wholesalers, and Brokers must have at least a Commercial Office Space, which means a space occupying all or part of a commercial building. (Minnesota Statutes, section I68.27 subdivision 1) Instructions • Check the type of dealer's license that applies • Answer L(True) or E (False) to each statement that applies to the license type you checked. • Dealership owner or officer must sign on reverse side of form Check the license type that applies to you: ❑ New Used ❑ Salvage Pool 1­1 Additional Location/Display Lot - respond to statements 2. 7, & 8 only 1• ur The dealer keeps all books and records necessary to conduct business at the main dealership location. The dealer maintains copies of the books and records at any additional locations they may have. 2• The dealer owns the above location or leases the location (minimum one -year lease required). Please attach proof of ownership or Verification of Property Lease - form PS2407. 3 The dealership has a separate and identifiable entrance that leads to the outdoors. (See definition of commercial building above) May include a strip mall or commercial garage building. Other entrances that lead from other areas of the building must be closed and lockable. (Commercial office space within a commercial building does not meet the statutory license requirements) 4. The public cannot access the dealership by entering through any other business or residence that is located in the same building as the dealership. 5• The dealership location is enclosed with floor to ceiling walls, a door that can be shut and locked to close off the entire entrance, and is designated for exclusive use of the dealership. 6• The dealership location has an address that is separate from any other address in the building. 7• dealership has a display area, either indoors or outdoors, large enough to display at least 5 vehicles. This display area /The is designated for the exclusive use of the dealership and is distinguished from any other business' inventory. S. The dealership has a sign outside of the commercial building, in a public area that identifies the dealership. • The sign must be in letters that contrast sharply in color with the sign background. • If the sign is on a commercial building or a display area, it must be readily legible during daylight hours from the / nearest road or street. • If the dealer's display area is not adjacent to the dealer's commercial building, the sign at the display area must also indicate where the commercial building is located. 9. The dealership's normal business hours are conspicuously posted and readily viewable by the public. 10. -Personnel or automatic telephone answering service is available during normal business hours. 11. The above location meets all local zoning requirements as indicated on the Zoning Verification - form PS2421. 12• (New Vehicle Dealers Only) The dealership has a facility for the repair and service of motor vehicles and the storage of parts, not more than ten miles distance from the principal place of business. ,heck the license type that applies to you: TIF E] Wholesale License El Lessor F1 Broker ❑ Auctioneer yr The dealer keeps all books and records necessary to conduct business at the main dealership location. The dealer maintains copies The dealer keeps all books and records necessary to conduct business at the main dealership location. The dealer maintains copies of the books and records at any additional locations they may have. The dealer owns the above location or leases the location (minimum one -year lease required). Please attach proof of ownership or Verification of Property Lease- form PS2407. The dealership location is enclosed with floor to ceiling walls, a door that can be shut and locked to close off the entire entrance, and is designated for exclusive use of the dealership Personnel or automatic telephone answering service is available during normal business hours. The above location meets all local zoning requirements as indicated on the ,Zoning Verification - form PS2421. (Broker Only) The dealership has a sign, clearly identifying the broker by name and listing the business hours. The sign is posted in a location readily viewable by the public. (Lessor Only) The dealership's normal business hours are conspicuously posted and readily viewable by the public. ❑ Auctioneer yr The dealer keeps all books and records necessary to conduct business at the main dealership location. The dealer maintains copies of the books and records at any additional locations they may have. The dealer owns the above location or leases the location (minimum one -year lease required). Please attach proof of ownership or Verification of Property Lease - form PS2407. The dealership has a separate and identifiable entrance that leads to the outdoors or to a public area. The dealer may maintain other entrances to the dealership. Other entrances that lead from a commercial or residential space in the same building must be lockable and close the entire entrance. Shared office space, such as a reception area or secretary, does not qualify as a public area. The public cannot access the dealership by entering through any other business or residence that is located in the same building as the dealership. The dealership location is enclosed with floor to ceiling walls, a door that can be shut and locked to close off the entire entrance, and is designated for exclusive use of the dealership The dealership location has an address that is separate from any other address in the building. The dealership's normal business hours are conspicuously posted and readily viewable by the public. Personnel or automatic telephone answering service is available during normal business hours. The above location meets all local zoning requirements as indicated on the Zoning Verification - form PS2421. ❑ Limited Used Vehicle License TIF This place of business meets all standards outlined above. I understand that any incorrect statement constitutes material sr presentation and as a result, the dealer license is subject to withdrawal. x (Signature of Owner /Officer) PS2410 -13 DA r> 7 �a zo is The dealer keeps all books and records necessary to conduct business at the main dealership location. The dealer maintains copies of the books and records at any additional locations they may have. The dealer owns the above location or leases the location (minimum one -year lease required). Please attach proof -of- ownership or Verification of Property Lease - form PS2407. The dealership's normal business hours are conspicuously posted and readily viewable by the public. Personnel or automatic telephone answering service are available during normal business hours This place of business meets all standards outlined above. I understand that any incorrect statement constitutes material sr presentation and as a result, the dealer license is subject to withdrawal. x (Signature of Owner /Officer) PS2410 -13 DA r> 7 �a zo is CITY OF ANDOVER COUNTY OF ANOKA STATE OF MINNESOTA RES. NO. R109 -06 A RESOLUTION APPROVING CONDITIONAL USE PERMIT FOR USED VEHICLE SALES ON PROPERTY LOCATED AT 16191 ROUND LAKE BOULEVARD LEGALLY DESCRIBED AS LOT 1, BLOCK 1 WESTVIEW INDUSTRIAL PARK, ANOKA COUNTY MINNESOTA WHEREAS, Joe Brabant has requested approval of a conditional use permit for used vehicle sales on the subject property, and; WHEREAS, the applicant has requested a variance to City Code 12 -13 -9 to allow one drive lane for two way traffic to be less than 24 feet in width, and; WHEREAS, the findings for the proposed variance are that the drive lane is only slightly below the requirement at 22.26 feet in width and will be used to access parking stalls primarily for display of vehicles for sale, and; WHEREAS, the applicant has requested a variance to City Code 12 -13 -6 to allow less than the required amount of trees and shrubs and a variance to City Code 12 -13 -5 to allow the parking area not to be screened from Round Lake Boulevard, and; WHEREAS, the Planning Commission was in favor of the variance to the width of one drive lane and divided on whether to allow the variance to the landscaping and screening requirements, and; WHEREAS the Planning Commission recommended that a landscaping plan be submitted for review by the City Council, and; NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Andover hereby agrees with the recommendation of the Planning and Zoning Commission and approves used vehicle sales on the subject property subject to the following: 1. The applicant shall be required to obtain approval of a vehicle sales business license from the City Council. 2. The applicant shall complete the Commercial Site Plan process with the City of Andover, including redesign of the site to conform with all applicable sections of the City Code. 3. The applicant shall be required to submit an irrevocable letter of credit in the amount necessary to complete the parking area, ponding and landscaping that are required for the subject property. 4. The Landscaping Plan shall conform to the plan stamped received by the City of Andover August 29,2006. Adopted by the City Council of the City of Andover on this 5t' day of September, 2006. CITY OF NDOV R ATTEST: chael R. Gamache, Mayor Victoria Volk, City Clerk s ,_� n RUI w'+fl W /Bl /0 ww0 NY Id "NINUJ WU Qd! tl \ M 30VNItlaO 'SNIGVUD ONtl NVId MIS Mii. OII M .N✓ /E wa�aow s rose -soszt .wwrs r°°9 -�^-�< n! uasur -su INVeVae 301` ,iN rtMrw n ryv�5 �� ams n«.:w11 WqY m !p! . UH xwvo w„�wy s+n NM I lwl •""�+r ./e.a ev i 0 0 - YI o 3na a v1O"".e�bv.. w w:e`e = e7egne V 9 18A90 WOe NN 'a3A00Ntl Wq �y NVAl N\ S31vs o1nv Sa3Ala .i CD Z c a Nil q as�aa+ is k g I6 `' r✓ �$� a 4 11 11$3 Bill I le g g LLJ g I U .i A J 6 • n i i 4 i d d '! .TM M6R11 fYNI T11. tiMf�'al�: W NM V M{p DAL S88005 `431• 7ev, vv v --- ---------------- r -------------- - -- AREA OF SEPTIC SYSTEM 20 f APPLICANT go e x� 7 777 7 j EXISTING BUILDING .y finished floor alev.zz 895.2 I 1 r DE t N? LF 0 om I mAT= a Acx: w w CLM TO EDGE OF A� EPAM LF 7 IF 9 15 CUP CUP set soft-ry m-Ftm .15 Z:) END SECTIONS 9 W7Z BE 890.97 N POND I EOF 893.600 I 1192110 .5 Noft DRY BOTTOM - 890.0 1 1 mo VIT 593.60 LES dIr 10 Tit 893-03 1.40 eft • Z • a to I YR IISZ57 I CE 890.64 RIP .0 !I R; WCUT OF Saw 8236.6- CL ROW 20 1 LEGEND EAstI.9 cwtpur b. ENGINEER SURYEYOR —898— Pr ." ccnto.m JOHN OLIVER & ASSOCIATES. WC To 5ED DODGE AVENUE � 90OV) C.Isrmg Spot EloYatiorm; ELK RIVER, NIN 55330 - 75.5 prpowed spot EIMU n 763-441-2072 763-441-5655 FAX 0 20 40 60 1O.DISTING ZONING - INDUSTRIAL - - - - - - Slit fence SCALE IN FEET 11 SITE AREA 3b.95D sr. (190- x 205 GmIlIng L� IU BASE Re.hrkq Web NOTES- ExtsnNG BUILDING 4.546 SF (IL7:;) Omle"t Slope I. ALL SPOT ELEVATION ARE TOP BACK OF CURB PROPOSED PAVING AREA = 20.3A7 S.F. (5Z-2r) Proposee Stem se.e. UNLESS OTHERWISE NOTED. PROPOSED POND AREA 0 NWL = 1,46 S.F (3.65) pran.pg4 Dk..r. Z INSTALL EROSION CONTROL MEASURES PRIOR PROPOSED TURF AREA - mesa Sy (3,-:55) Ble Rom I TO SITE GRADING. PARKING STALLS PROVIDED - 17 pr.p.w Otfodl G.tw W-12, B6 3. ALL DISTURBED NON -PAVED AREAS SMALL BE RESTORED PARKING STALLS REOUIRED - TO BE DETERMINED ON CITY WITH TOPSOIL (SALVAGED OR IMPORTED LAWN SEED AND MAW FIBER BLANKET. SEED SMALL BE mNDGT 3876 MIX NO. 608 0 ;00 LBS/AC OR MUIVALIENT 12. BERM MARK - $25.02 '29MG0 SE OUADRAMT OF ROVMD 10. -E BLVD. 4 THERE WERE NO TREES WITHIN YME- AREA TO BE DISTURBED AND I6IS7 AVENUE S. THERE 13 NO INTENT TO PLANT SHRUBS OR TREES AS PMT PROPER -'SILT STOP' FABRIC a OF THIS PROJECT 13. RETAINING WALL DESIGN BY OTHERS 2'.2'.4' WOOD S. LIGHTING PLM BY OTMERS STAKES 0 4' O.C. 10, MINIMUM! VACKFU BASE 7. LEGAL DESCRIPTION LOT 1. BLOCK I WESTVIEW INDUSTRIAL PARK ANDOVER. ANOKA COUNTY. MINNESOTA BURY BOTTOM EAMS N 0 6 • cF FAemC a. O"iER / APPLICANT- JOE eRAamT PROPOSED 15191 ROUND LARE BLVD EMBANKMENT ANDOVER MN 55304 612-718-3112 (CELL) EROSION CONTROL SILT FENCE r i. 4 LMWCA"IJ S88005'43".K 990. 00 ---------- 7 ----------- ---------------- I; AREA OF, �,PTIC Sy- TEU ON 0?k E , F A�PL ANT 4 r + EXISTING BUILDING + finished floor elev:= 895.2 LL --,cf +1 L 0 t 4- + 7-1 Tail _j v A Lc! M41 .1V88045 EA S C5 z > Y o CO < of M: 0 T i. r i. 4 LMWCA"IJ S88005'43".K 990. 00 ---------- 7 ----------- ---------------- I; AREA OF, �,PTIC Sy- TEU ON 0?k E , F A�PL ANT 4 r + EXISTING BUILDING + finished floor elev:= 895.2 LL --,cf +1 L 0 t 4- + 7-1 Tail _j v A Lc! M41 .1V88045 EA S A— - - -- — -- - CHAPTER 8 VEHICLE SALES BUSINESS 3 -8 -1: Purpose and Intent 3 -8 -2: Definitions 3 -8 -3: License Required 3 -8 -4: Application for License 3 -8 -5: Review of Application; Issuance or Denial 3 -8 -6: License Fees and Term; Renewals 3 -8 -7: Conditions of License 3 -8 -8: Standards 3 -8 -9: Violation Provisions 3 -8 -10: Revocation of License 3 -8 -1: PURPOSE AND INTENT: It is the purpose of this chapter to regulate vehicle sales to establish reasonable and uniform regulations to prevent adverse impacts on the health, safety, morals and general welfare of the citizens of the city. 3 -8 -2: DEFINITIONS: A. Gross Vehicle Weight Rating: The total weight of a fully equipped vehicle and payload including the amount of weight that can be carried and towed. B. Vehicle Sales: the sale of cars and trucks as limited by the City Code, excluding recreational vehicles. 3 -8 -3: LICENSE REQUIRED: No person shall engage in the business of selling, trading or advertising the sale of new or used vehicles within the city without first obtaining a license as provided in this Chapter. For the purposes of this chapter, anyone who, as a part of their livelihood, engages in the regular sale, trade or exchange of vehicles shall be deemed to be doing business as a new or used vehicle dealer. 3 -8 -4: APPLICATION FOR LICENSE: A. Information Required: Any person, partnership or corporation desiring to secure a license shall make application to the City Clerk including the following: 1. Completed city application form 2. Fee as established by City Code. 3. Completed Minnesota Vehicle Dealer License Commercial Location Checklist 3 -8 -5: REVIEW OF APPLICATION; ISSUANCE OR DENIAL: The City Clerk shall submit the application to the City Council for its consideration. The Council, by motion, may grant or refuse to grant the license after consideration of the application. 3 -8 -6: LICENSE FEES AND TERM; RENEWALS: The fee for every such license shall be established by resolution of the City Council. Every such license shall expire on December 31 next after it is issued. 3 -8 -7: CONDITIONS OF LICENSE: A. Transferability: The license shall not be transferable from one person to another, and a new license must be applied for each time a place of business is changed. B. Posting: Every such license shall be kept conspicuously posted in the place for which the license is issued and shall be exhibited to any person upon request. C. Inventory: Vehicles allowed to be sold or stored on site shall be limited to a vehicles that are eligible to be issued a title up to a gross vehicle weight rating of 12,500 pounds. D. Restrictions and Conditions: The Council may impose any conditions or restrictions it deems necessary or advisable in the public interest, including but not limited to the hours of operation, building materials, fencing, landscaping, screening, lighting and signage. E. Review: The Council may review the license at any time for the purpose of adding additional conditions to mitigate adverse impacts on the health, safety, morals and general welfare of the citizens of the city. 3 -8 -8: STANDARDS: The following standards are established for all businesses engaged in the selling, trading or advertising the sale of new or used vehicles within the city: A. Parking areas shall conform to the requirements of City Code 12 -13 -9. The Site Plan shall clearly identify parking for customers and parking for display of vehicles for sale. Parking shall be prohibited in drive lanes, on landscaped areas and any place other than approved on the site plan. B. All businesses engaged in the sales, trade or advertising the sale of new or used vehicles within the City limits shall conduct these activities only on properties for which they have been granted a license under this chapter. This provision shall not apply to promotional events and activities conducted outside the city limits. C. Vehicles that are visibly damaged shall not be visible from public streets and shall not be stored outdoors for more than 48 hours. D. Outdoor storage of vehicle parts or other materials, including but not limited to tires, scrap metal, glass, pallets and refuse shall be prohibited. E. Sales of used vehicle parts shall be prohibited. F. The dismantling or reduction of vehicles shall be prohibited. G. Signage shall conform to City Code 12 -13 -8 and shall be further restricted as follows: 1. All signs posted on vehicles shall be inside the vehicle. 2. No sign posted on vehicles shall contain text font or other information that is larger than three inches in height. H. The estimated value of improvements to the licensed property shall exceed the estimated land value of the licensed property as estimated by Anoka County. 3 -8 -9: VIOLATION PROVISIONS: Any person who shall violate any portion of this chapter shall be guilty of a misdemeanor. 3 -8 -10: REVOCATION OF LICENSE: Every such license may be revoked by the Council after the license has been given reasonable notice and an opportunity to be heard for the violation of any provision of this chapter or for the violation of any conditions or restrictions in the motion granting the license or any motion thereafter passed by the Council. (Amended 4 -4 -06, Ord. 324) Y O F O TT 1 E 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US TO: Mayor and Council Members CC: Jim Dickinson, City Administrator / Finance Director David D. Berkowitz, City Engineer/Director of Public Works FROM: Todd J. Haas, Assistant Public Works Director SUBJECT: Order Improvement /Approve Plans /09- 18/Hawkridge Park Reconstruction — Engineering DATE: June 1, 2010 INTRODUCTION The City Council is requested to order improvement and approve plans for the reconstruction of Hawkridge Park, Project 09 -18. DISCUSSION Based on the City Council discussion at the recent May workshop meeting, the City Council has indicated that they would like to move forward with constructing Phase 1 (see attached) of the improvements for Hawkridge Park. Phase 1 includes grading of the site, construction of the parking lot, constructing a new well, and installation of the irrigation system for all 3 soccer fields. Staff has been in contact with North Metro Soccer Association (NMSA) about receiving the $100,000 donation, which the City Council will need to accept at a future Council meeting prior to any construction work being done. By authorizing the project to move forward, this will allow staff to schedule construction and obtain the necessary permits from the various agencies. BUDGETIMPACT The budget for the improvement is $225,000. This is identified in the Park Improvement Fund Projected Fund Balance ($100,000 from the NMSA donation and $125,000 from levy /park dedication fund) to fund the improvements. ACTION REQUIRED The City Council is requested to order the improvement and approve plans for Hawkridge Park Reconstruction, Project 09 -18. Respectfully submitted, Todd Attachments: Phase 1 Improvements Park Improvement Fund Projected Fund Balance cc: Ted Butler, Park and Recreation Commission Chair (copy sent by e -mail) Barb Anderson, President of NMSA (copy sent by e -mail) Hawkridge Park Reconstruction (C.P. 09 -18) Estimated Project Quantities SECTION A (SITE GRADING) - PHASE 1 CONTRACTOR PRICING PUBLIC WORKS MATERIAL PRICING -INO.. DESCRIPTION . ':.UNIT EST' - ourAN. . :' r "UNIT::. PRICEe TOTAL UNI PRICE TOTAL - 1 Mobilization LS 1 $10,000.00 $10,000.00 $0.00 $0.00 2 Transplant Tree /Shrub LS 1 $2,300.00 $2,300.00 $1,000.00 $1,000.00 3 Clear and Grub Tree EA 3 $125.00 $1,000.00 $100.00 $800.00 4 Remove & Salvage Goal Posts LS I $750.00 $750.00 $200.00 $200.00 5 Satvcut & Remove Bituminous Pavement SY 100 $2.50 $250,001 $2.50 $250.00 6 Salvage Class 5 CY 250 $5.00 $1,250.00 $0.01 $2.50 .7 Common Excavation (LV) CY 13,040 $4.25 $55,420.00 $0.01 $130.40 8 Select Granular Borrow (LV) CY 350 $9.00 $2,100.00 $4.00 $1,400.00 9 Subgrade Preparation SY 10,560 $1.50 $15,840.00 $0.01 $105.60 10 Aggregate Base Class 5 TN 2,1 $13.00 $27,690.00 $9.00 $19,170.00 11 Bituminous Wear Course (LV 4) TN 20 $90.00 $1,800.00 $90.00 $1,800.00 12 Select Topsoil Borrow - Pulverized(LV) CY 3,000 $13.00 $39,000.00 $9.00 $27,000.00 13 Silt Fence LF 200 $3.00 $600.00 $2.00 $400.00 14 Seeding/Athletic Mix AC 10 $1,400.001 514,000.00 $825.00 $8,250.00 is Erosion Control Blanket Cat. 2S w/ Seed SY 6,000 $1.75 $10,500.00 $1.50 $9,000.00 16 F &I Nyoplast Stonn Drainage Structure. EA 1 $1,500.00 $1,500.00 $1,350.00 $1,350.00 17 F &I 15" HDPE Storm Sewer LF 330 $20.00 $7,000.00 $10.00 $3,500.00 18 F &I I5" CMP FES and Trash Guard EA 2 $250.00 $500.00 $200.00 $400.00 19 Famish and Install Rip Rap Class III CY 10 $85.00 $850.00 $60.00 $600.00 20 Well LS 1 580,000.00 $80,000.00 $80,000.00 $80,000.00 21 Irrigation LS 1 $30,000.00 $30,000.00 $20,000.00 $20,000.00 22 Relocate Swingset Area LS 1 $1,500.00 SL50U.001 $250.00 $250.00 23 E ui ,rent Rental / Fuel LS 1 $0.00 $0.00 $30,000.00 $30,000.00 24 Signage LS 1 $1,500.00 $1,500.00 $1,500.00 $1,500.00 ` S %,Contingency $15;267150 $1Q 335:43 Section t Total SECTION B (HOCKEY RINK) - PHASE 1 $320,617.50 5217,463.93 CONTRACTOR PRICING PUBLIC WORKS MATERIAL PRICING : ITEM'.- NO:,: DSSCRIPTION� ;UNIT EST; - -- UAN. -.< UN[T,i_ PRICE' -. - .'TOTAL' 'iUNIT ' .PRICE. 100 Transplant Tree /Shrub LS 1 $2,700.00 $2,700.00 $1,000.00 101 Remove & Salvage Hockey Boards I.S 1 $3,500.00 $3,500.00 $1,000.00 $1,000.00 102 Remove & Salvage Lights LS 1 $2,500.00 $2,500.00 $2,500.00 $2,500.00 103 Common Excavation (LV) CY 210 $4.50 $945.00 $0.01 $2.10 104 Subgrade Preparation SY 1,900 $1.50 $2,850.00 $0.01 $19.00 105 Aggregate Base Class 5 TN 505 $11.00 $5,555.00 $9.00 $4,545.00 106 F & I Lights (New, Includes Power to Site) LS 1 $15,000.00 $15,000.00 $15,000.00 $15,000.00 107 P & I Hockey Boards N 1 $35,000.00 $35,000.00 $15,00.000 $ 15000.00 IDS JEquipment Rental/ Fuel LS I $0.00 $0.00 00.0 $2,000.00 50A Connngeit "Y , °$_3;402.50 ' - _ $2,0 3 81 Section B Total Indirect Costs (Permits, Testing, Fees, etc) 571,452.50 543,119.41 $7,500.00 $7,500.00 ota ase rolcct osts ( ectton A ) S399;570.09 S SECTION C (8' BITUMINOUS TRAIL) - PHASE 2 PUBLICVORKS MATERIAL PRICING CONTRACTOR PRICING PUBLIC WORKS i'.IATERIAL PRICING ITEM : NO. _ DESCRIPTION - .. UNIT ESTr -UAN. UNIT> PR[CE i TOTAL !UNTO f PRICE', TOTAL 200 Common Excavation (LV) CY 120 $4.50 $540.00 $0.01 $1.20 201 Subgrade Preparation SY 1,440 $1.50 $2,160.00 $0.01 $14.40 202 Aggregate Base Class 5 TN 395 $11.00 $4,345.00 $9.00 $3,555.00 203 Bituminous Wear Course (LV 4) TN 195 $90.00 $17,550.00 $90.00 $17,550.00 204 Equipment Rental Fuel LS 1 $0.00 $0.001 $1,000.00 $1,000.00 -; 5 %Contingency' .' - - .' :, .,$1;229.75 . '$1,106:03 Indirect Costs (Perntits,'Cesting, Pees, etc) .Section C Total $25,824.75 523,226.63 $750.00 $750.00 ota ase ro3ect 'osts('ectton ') 3) , 5 COST NOT DETERMINED FOR PHASE 3 SECTION D (WARAHNG HOUSE) - PHASE 3 ITEM EST: N0. DESCRIPTION UNIT QUAN. _ 300 Warning House/ Septic System - _ LS 1 ' S %Conting'�ncy, „`` Section D Total CONTRACTOR PRICING PUBLICVORKS MATERIAL PRICING I1,VIT' ' PRICE '' TOTAL " WIT PRICE .: TOTAL. $0.00 $0.00 $0.00 $0.00 ' SUM) So.00 I Z.ZSw° rw 1el II Fy� y m a .O 0 0 0 0 w 0 0 0 0 mi C C 0� mN N O O O M ' E E d (c7 Q O N M N r m W r O O N . (OD N ' O` C 0 �-• W (M a N co O a F Cl) r N LL lL LL r _ Q N N ° g acc m °' A p o a O O O m O O N N V a- m m e 'a -o p s u •a d Q w a 'C. 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E E, L m 7 w O CD C. a ` C a W m O m a m a s O N L a d > aO ) a) U 3 N a) Va C rn o > i y w m m o. a° a U m m c d •a 0 v v Q Q. 0 O U F 2 N Q a F K• LL LL W N al O a O V d �O Q a C a w V C d OI C C (D) a .d. d v r O O O O w m 61 F I rA 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US TO: CC: FROM: SUBJECT: DATE: Mayor and Council Members Jim Dickinson, City Administrator / Finance Director David D. Berkowitz, City Engineer/Director of Public Works Todd J. Haas, Assistant Public Works Director Authorize Sophies South Park Improvements — Engineering June 1, 2010 INTRODUCTION The City Council is requested to authorize improvements for Sophie's Park. DISCUSSION Attached is the updated version of the park improvement fund balance for your review which identifies $75,000 that would be used to purchase and install new playground equipment and install a paved basketball court. Depending on the project cost estimate, a small shelter and horseshoe pit may be considered. Staff has been in contact with Scmeichiel's who live adjacent to the park about the possibility of improving the park and they were certainly ecstatic about the improvement possibilities. Note: If improvements for the park are authorized most of the work will be completed late summer or early fall as it will take some time to order the equipment. ACTION REQUIRED The City Council is requested to authorize improvements of Sophie's Park. Respectfully submitted, Todd J. Haas Attachments: Park Improvement Fund Balance Sheet, of the park Cc: Russ and Carol Schmeichel (Copy sent by e -mail) (Nn (No V OD N 1- M Cl) V N O a W N N Cl) M V (O O M Cl N N 69 N Cl) N (O W M I N 40 N N OO N r w N N � O) co R O 4 d V .O L a T C R L V C N lU R d N c V V co N C 4) W a U > > U ui C 2R O Q N Q O C M N C M LL d N i O U O U (00 '00 R a a R Y R O v co r� C { OM [ LL (U E 0 O') V'. 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Q Q a U O IO (Nn (No V OD N 1- M Cl) V N O a W N N Cl) M V (O O M Cl N N 69 N Cl) N (O W M I N 40 N N OO N r w N N � O) co R O 4 d V .O L a T C R L V C 91 d O d c V C co c V U ui C 2R R D d N N N U LL c j A Y R O v O { aO O + [ LL R R a E y R m m p O) E O (D O c c N D U) 7. .Z m O d c (0 c R O LL N N ' 0 3 m o N t U) c O 0 R d v v O o (n Q 0 F w LL LL W ~. 91 >� 0� y Q 00 Y > o 0 w N 0 y NW UU m ° a 0 Co W¢ 0 z 2 W> oz C) W Y F u z d ui z 0 ¢DU El 11 El r) 0 n m =O N n T J q,^a LSOL ` +' 990 L co n C 190 L 890 L T 00 _ ___._. 5 � LBO 080L CD�� i M N!J % � � �'1 � I I U) - �, V T Z60 - -- f h � s �t� £ZLL I co M i ZL s c' I i - --- - _-_ - _ __J �� O h L9LL N �� ,� O N LqLL ML NIP A Off` N6�Oh fb \ 530 V ` 8 - - -' ,��,, o �6ti a 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US TO: CC: FROM: SUBJECT: DATE: Mayor and Council Members Jim Dickinson, City Administratc Donald Olson, Building Official Approve 2010 Fee Ordinance Changes -- Building June 1, 2010 INTRODUCTION The City Council is requested to consider fee ordinance changes that will bring the City Fee Code in compliance with recently amended State Statute requirements. DISCUSSION During the most recent legislative session Minnesota State Statute 326B.148 was amended to increase the state surcharge from $.50 to $5.00. See the attached Ordinance Amendment for the proposed changes. Section 1 -7 -3 of Andover City Code contains the fee schedule for the year of 2010 and is being amended to change all flat/fixed fee permits surcharge from 50 cents to $5.00 per permit. The Minnesota Statutes 32613.148 "SURCHARGE" amendment is for one year effective July 1, 2010, until June 30, 2011. The Statute also removes the state surcharge from septic new, repair and mound installation permits. The MPCA (Minnesota Pollution Control Agency) under Minnesota Statutes 115.551 TANK FEE collects a $25.00 fee for each septic system tank installed. Therefore a 50 cent state surcharge tax is not required to be collected for DOLI (Department of Labor & Industry). Staff requests the removal of all state surcharge tax for septic permits, and remove the "well & septic verification" charge as the City of Andover does not offer this service. The "well & septic verification" inspections are done by private inspectors for a fee. Lastly, the Statute was repealed that set a limitation on fees that could be charged for replacement of water heaters. It is recommended that the fee be set at $50, raising it from the $15 fee that is presently in the ordinance. This is compatible with other mechanical permits for heating installations. ACTION REQUESTED Council is requested to approve the attached Ordinance Amendment to City Code Section 1 -7 -3 "Permit Fees, Service Charges, and Penalties Code" and also approve the Summary Ordinance for publication. Res ectfully submitted, .. _ z Donald Olson Building Official Attachments — Minnesota Statute 462.353, Minnesota Statute 326B.148 "surcharge " and 16B.665 being repealed. Ordinance Amendment & Summary Ordinance Minimum state building permit surcharge changes for a year Page 1 of 2 MNOSHA Compliance MNOSHA Workplace Safety Consultation File a complaint Report an accident Career opportunities Minimum state building permit surcharge changes for a year >> Why is this surcharge changing for a year? The Minnesota Statutes § 326B.148 "SURCHARGE" has been changed for one year effective July 1, 2010, until June 30, 2011. The change only applies to the "Permits based on Fixed Fees, Part 1" and "Permits based on Fixed Fees, Part 2" portions of the Minnesota Department of Labor and Industry's (DLI) surcharge reporting form. The minimum surcharge for a "fixed fee" permit is $5, beginning July 1, 2010 • Municipalities must begin collecting the $5 minimum surcharge fee July 1, 2010, and continue to collect the new minimum through June 30, 2011. • If the fee collected for the "fixed fee" permit is less than $10,010, the surcharge is $5. Fixed fee permits with a fee of less than $10,010 are reported in "Permits based on Fixed Fees, Part 1" of the surcharge form. . If the fee collected for the "fixed fee" permit exceeds $10,010, the fee is multiplied by .0005 because $10,010 is the point where the surcharge would increase to $5.01. Fixed fee permits with a fee of $10,010 or more are reported in "Permits based on Fixed Fees, Part 2" of the surcharge form. . The remainder of the surcharge law did not change. The change to the surcharge law is underlined below. Minnesota Statutes 2008, section 3266.148, subdivision 1, is amended to read: Subdivision 1. Computation. To defray the costs of administering sections 326B.101 to 32613.194, a surcharge is imposed on all permits issued by municipalities in connection with the construction of or addition or alteration to buildings and equipment or appurtenances after June 30, 1971. The commissioner may use any surplus in surcharge receipts to award grants for code research and development and education. If the fee for the permit issued is fixed in amount the surcharge is equivalent to one - half mill (.0005) of the fee or 50 cents, except that effective July 1. 2010. until June 30 whichever amount is greater. New surcharge forms online Aug. 2 New surcharge forms with the change will be available for reporting on the DLI Web site Aug. 2, 2010. Go to http:// www .dii.mn.gov /CCLD /Surcharge.asp to access the report forms. The current reporting forms will be available until Aug. 2, 2010. To complete or change a surcharge report after Aug. 2, 2010, for a month or quarter before July 2010, contact Cindy Chapel or Eileen McNiff at (651) 284 -5411, or via e-mail at Cynthia.Chapel@state.mn.us or Eileen.McNiff @state.mn.us http: / /www.dli. mn.gov /ccld/SurchargeChange.asp 5/10/2010 E CITY OF ANDOVER COUNTY OF ANOKA STATE OF MINNESOTA ORDINANCE NO. AN ORDINANCE AMENDING CODE SECTION 1 -7 -3 (PERMIT FEES, SERVICE CHARGES, AND PENALTIES CODE) STATUTORY AUTHORIZATION AND POLICY Statutory Authorization This ordinance is adopted pursuant to the authorization and policies contained in Minnesota Statute 462.353 & Minnesota Statute 326B.148 "surcharge" and 1613.665 being repealed.. Policy Section 1 -7 -3 of Andover City Code contains the fee schedule for the year of 2010 and is being amended to change all flat/fixed fee permits surcharge to increase from 50 cents to $5.00 per permit. The Minnesota Statutes 32613.148 "SURCHARGE" has been changed for one year effective July 1, 2010, until June 30, 2011. 2. Remove state surcharge from septic new, repair and mound installation permits. The MPCA (Minnesota Pollution Control Agency) under Minnesota Statutes 115.551 TANK FEE collects a $25.00 fee for each septic system tank installed. Therefore a 50 cent state surcharge tax is not required to be collected for DOLI (Department of Labor & Industry). Requested to remove all state surcharge tax from septic permits. 3. Requesting to remove "well & septic verification" charge for the City does not offer this service. These type of inspections are done by a private inspector for a fee. 4. Increasing the fee for water heater inspections from $15 to $50 which is enabled by Minnesota Statute 16b.665 being repealed. Building Inspections & Permitting Air Conditioning Installations: $75.00 (State Surcharge Add 50¢ $5.00 ) Air to Air Exchange Permit: $75.00 State Surcharge Add 50¢ $5_00) Basement Refinishing Permit: $100.00 (State Surcharge Add 50¢ 5.00 Garage Furnace Permit: $75.00 per unit (State Surcharge Add 50¢ $5_00) Gas Fireplace Permit: $75.00 per unit State Surcharge Add 50¢ $5_00) Geo- thermal Heating Permit: $75.00 (State Surcharge Add 50¢ $5.00) Heating Installations: Furnace /Air Combo Boiler In Floor Heating Furnace Water Heaters $85.00 (State Surcharge Add 50¢ $5.00 $75.00 (State Surcharge Add 50¢ $5.00) $50.00 (State Surcharge Add 50¢ $5.00) $75.00 (State Surcharge Add 58¢ $5.00 $43:00 $50.00 (State Surcharge Add 50¢ $5.00 House Moving Permit: $75.00 Lawn Sprinkler Permit: $50.00 (State Surcharge Add 50¢ JLOO e, GENERAL PROVISIONS AND DEFINITIONS Jurisdiction The provisions of this Ordinance shall apply to the City of Andover. Enforcement The City Administrator or his /her designee shall have the authority to enforce the provisions of this ordinance. Interpretation Interpretation of the provisions of this ordinance shall be held to be the minimum requirements and shall be liberally construed in the favor of the governing body. A printed copy of this ordinance is available for inspection by any person during regular hours of the City Clerk. Adopted by the City Council of the City of Andover on this 1 st day of June, 2010. ATTEST: CITY OF ANDOVER Michelle Hartner, Deputy City Clerk Michael R. Gamache, Mayor Plumbing: (per fixture) $10.00 (Minimum fee $70.00) (State Surcharge Add 30¢ $5.00) Re-roofing Permit: $75.00 State Surcharge Add 30¢ $5.001 Septic System: Pumping $15.00 New Installation or Repair: At Grade $75.00 (State Surcharge remove 30¢) Mound or Bed $100.00 State Surcharge remove 30¢) Siding Permit: $75.00 State Surcharge Add 30¢ $5.00) $3:09 (REMOVE WHOLE ITEM & FEE) GENERAL PROVISIONS AND DEFINITIONS Jurisdiction The provisions of this Ordinance shall apply to the City of Andover. Enforcement The City Administrator or his /her designee shall have the authority to enforce the provisions of this ordinance. Interpretation Interpretation of the provisions of this ordinance shall be held to be the minimum requirements and shall be liberally construed in the favor of the governing body. A printed copy of this ordinance is available for inspection by any person during regular hours of the City Clerk. Adopted by the City Council of the City of Andover on this 1 st day of June, 2010. ATTEST: CITY OF ANDOVER Michelle Hartner, Deputy City Clerk Michael R. Gamache, Mayor CITY OF ANDOVER COUNTY OF ANOKA STATE OF MINNESOTA ORDINANCE NO. SUMMARY AN ORDINANCE AMENDING CITY CODE TITLE 1 -7 -3 OF THE CITY OF ANDOVER STATUTORY AUTHORIZATION AND POLICY Statutory Authorization This ordinance is adopted pursuant to the authorization and policies contained in Minnesota Statute 462.353 and Minnesota State Statute 326B.148 and 16B.665. Policy The purpose of adopting the amendment is to adopt the new state surcharge fees mandated by the Minnesota State Statute 326B.148; and increasing the fee to $50 for inspecting water heaters, which was enabled by Statute 16B.665 being repealed. GENERAL PROVISIONS AND DEFINITIONS Jurisdiction The provisions of this ordinance shall apply to the City of Andover. Enforcement The Building Official or his/her designee shall have the authority to enforce the provisions of this ordinance. Interpretation Interpretation of the provisions of this ordinance shall be held to be the minimum requirements and shall be liberally construed in the favor of the governing body. A printed copy of this ordinance is available for inspection by any person during regular hours of the City Clerk. Adopted by the City Council of the City of Andover on this 1 st day of June, 2010. ATTEST: Michelle Hartner, Deputy City Clerk CITY OF ANDOVER Michael R. Gamache, Mayor -W 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.AN DOVER. MN. US TO: Mayor and Councilmembers CC: Jim Dickinson, City Administrator / Finance Direct FROM: Lee Brezinka, Assistant Finance Director SUBJECT: 2009 Audit Presentation — HLB Tautges Redpath DATE: June 1, 2010 INTRODUCTION Peggy Moeller, CPA, an Audit Partner with the City's auditing firm, HLB Tautges Redpath, will be providing a presentation to the City Council related to the City of Andover Comprehensive Annual Financial Report (CAFR) as of December 31, 2009 and the corresponding Management Report. A December 31, 2009 CAFR, the corresponding Management Report, a report on internal controls and a legal compliance report are attached and will be the basis of Ms. Moeller's presentation. DISCUSSION The City is required to have an independent audit conducted annually. The 2009 Audit was conducted throughout the months of January, February, March and April. The Finance Staff was very involved in the audit process and enjoyed our excellent working relationship with HLB Tautges Redpath. Ms. Moeller's presentation will touch on the highlights of the City's finances and provide suggestions for improvement on reporting and internal controls. Of significant importance to the Council is that the City received an "unqualified opinion" and only one reportable condition comment. BUDGETIMPACT No budget impact; the presentation, financial report, corresponding management report, report on internal controls and report on legal compliance are provided as informational. ACTION REQUIRED The Andover City Council is requested to receive a presentation from HLB Tautges Redpath and receive the City of Andover CAFR as of December 31, 2009, the corresponding Management Report, report on internal controls and report on legal compliance. Respectfully submitted, Lee Brezinka Y 0 F O j r E 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.0 LAN DOVER. MN. US TO: CC: FROM: SUBJECT: DATE: Mayor and Council Members Jim Dickinson, City Administrator David D. Berkowitz, Director of Public Works /City Engineer Discuss Petition/No Parking Request /148th Lane NW - Engineering June 1, 2010 INTRODUCTION The City Council is requested to discuss the attached petition requesting no parking along 148th Lane NW. DISCUSSION Attached is a petition that has been received from the neighborhood south of Andover Elementary requesting conditional no parking signs be place along 1481h Lane NW. The attached letter from Shannon Wagner addresses the concern of parking along 148th Lane NW and provides pictures. If the petition and request is acceptable to the City Council a no parking resolution will be brought back to the June 15, 2010 regular scheduled City Council meeting for approval. ACTION REQUIRED The City Council is requested to discuss the attached petition requesting no parking along 148t" Lane NW and direct staff on how to proceed. Respectfully submitted, David D. Berkowitz / Attachments: Petition, etter & Location Map cc: Richard & Shannon Wagner, 1735 —148th Lane NW, Andover Y 0 F O j r L . 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US Date: 4 — Z9 — V 0 Andover City Council Members: We, the undersigned, owners of real property in the following described area: . ei r,e)vvj.I'M a E SicA� S (>m- Y-ouv\& Do hereby petition that said portion of said area be posted no parkingi3 - 1n! IiD" DO (-\M 'k 3' OD E- C) D DV-Y) S ?-- at SIGNATURE OF OWNER ADDRESS YES NO This petition was circulated by: WrAClPnImr Address: G �] 35 ( 4 8 � LN N W d OV Q' r- G:\ DATA\ STAFF \RHONDAA \FORMS\neighborhood petition.doc M Y5 t-N -7 �3q L1-i 0 1 -7 ag ys /�j cAj C' r1141A r7, This petition was circulated by: WrAClPnImr Address: G �] 35 ( 4 8 � LN N W d OV Q' r- G:\ DATA\ STAFF \RHONDAA \FORMS\neighborhood petition.doc Richard & Shannon Wagner 1735 148"' Lane NW * Andover, MN 55304 May 4, 2010 City of Andover 1685 Crosstown Boulevard N.W. Andover, MN 55304 Dear Andover City Council Members: Thank you for taking the time to review this petition. The following are a couple of concerns regarding the issue of people using 148"' Lane NW as their own school drop off zone: • The street ends up being so congested, with vehicles lining both sides, that trying to pass through becomes a challenge. It even becomes dangerous trying to back out of our own driveways. (photo below was on a slow day) • There have been many times where a vehicle pulls to the side to park and wait for their child(ren) and end up blocking our driveways: • The safety of the children is at risk. Often times these kids enter into the street without paying any attention to the fact that there are other vehicles driving through. Parents also stop their vehicles in the middle of the road to talk to another parent in a vehicle that is already parked. • The home to the east of the walking path has complaints of all these kids cutting across her yard to reach their parents' vehicle, trampling through her hastas that line her driveway. The attached petition has been signed by the residents of this block who are directly affected by all of this unnecessary traffic. We do not agree that our block should be used as a school drop off zone and that these parents should utilize the drop off/pick up process that the school has in place. Thank you again for your time. Sincerely, ,�17Jcv�2u _ Shannon Wagner 1735 148th Lane NW Andover, MN 55304 Encl: no parking petition L Q f 0 C Q cn 0- ° U_ J K °° O 6 0 N O o � W � Wy rip N O ❑ 5 W c '•' v N 2 Z° - 'y' w Q U N 0 m m❑❑ 2 w 0 El El Z< - -- GAIO NOSNVH 0 Us a U 67.94 N �l.> ;, co co 00 h h A h A _ 519 4 CO - ----- - L99 4 659 4 1 859 4 SS9 4 -------- C c 6994 4194 0194 L994 Z 4894 r96j4 289619£694 5694 V695014 3 10L 4 9014 COL 4 ,.., 1414' •¢Y OZ 6414 a4 L4 5£L 4• z ££L 4 Z£L 4 T 1ZL4 LVL4 • • 9114 SbL4 1114 6514 8514 9514 LGL co cc co 000 ti m 1-- �__ ....... ... ------- o • - .•.�., 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US TO: FROM: SUBJECT DATE: Mayor and Council Members Jim Dickinson, City Administrator Schedule June Council Workshop June 1, 2010 INTRODUCTION The Council is requested to schedule a Council Workshop for the month of June for a number of miscellaneous business items. DISCUSSION Potential agenda items fora general June workshop have been identified as follows: 1. Discuss Items Regulated by Acreage in the City Code 2. Continued Discussion - Community Education Partnership 3. Update on Single Family Rental Licensing Program 4. 2011 -2015 Capital Improvement Plan Discussion 5. 2010 Budget Implementation Progress Report 6. 2011 Budget Development Discussion 7. Other Topics Other items may be added upon Council request or operational need. ACTION REQUIRED Schedule a June Council workshop, suggested dates are June 22nd, June 29th at 6:00 p.m., or another date and time acceptable to the Council. 1 F 1 1685 CROSSTOWN BOULEVARD N.W. • ANDOVER, MINNESOTA 55304 • (763) 755 -5100 FAX (763) 755 -8923 • WWW.CI.ANDOVER.MN.US TO: FROM: SUBJECT: DATE: Mayor and Councilmembers Jim Dickinson, City Administrator Administrator's Report June 1, 2010 The City Administrator will give a brief verbal update on various items of interest to the City Council and to the residents at the meeting. Listed below are a few areas of interest: 1. Administration & City Department Activities 2. Update on Development Activity 3. Update on CIP Projects 4. Meeting reminders Upon receipt of the meeting packet, if a member of the Council would like an update on a particular item, please notify me so an adequate update can be made. submitted, Dickinson City of Andover, Minnesota 2009 Audit Review June 1, 2010 Presenter: Peggy A. Moeller, CPA Member of HLB Intemational 1 Tautges Redpath, Ltd: Reports Issued Member of HLB International Comprehensive Annual Financial Report ♦ City's financial statements ♦ Independent auditor reports on the fair presentation of the financial statements ♦ "Clean opinion" on the 2009 financial statements ♦ The City .received the 2008 G FOA Certificate of Achievement for Excellence in Financial Reporting Program Member of HLB International 3 Tautges Redpath, Ltd. Report on Internal Control ♦ Consideration of internal control as a basis for designing audit procedures. No opinion on internal control. ♦ One finding for 2009 — Credit card approval. Member of HLB International 4 Tautges Redpath, Ltd. State Legal Compliance Report ♦ Required by Minnesota Statute §6.65 ♦ OSA established a task force to develop audit guide for legal compliance ♦ Audit guide covers seven categories 1) contracting and bidding 2) deposits and investments 3) conflicts of interest 4) public indebtedness 5) claims and disbursement 6) other miscellaneous provisions 7) tax increment financing ♦ One compliance finding — Insufficient collateral Member of HLB International 5 Tautges Redpath, Ltd. Management Letter +General Fund: — Fund balance increased $153,377 during 2009. Revenue Expenditures Increase (decrease) before other financing sources Other financing sources: Transfers in Increase (decrease) in General Fund balance Budget Actual Variance $8,837,011 $8,494,869 ($342,142) 9,104,146 8,538,422 565,724 (267,135) (43,553) 223,582 196,930 196,930 - ($70,205) $153,377 $223,582 1 Member of HLB Intemational 6 Tautges Redpath, Ltd. Management Letter +General Fund: — Fund balance at December 31, 2009 was $4,328,412. — Working Capital Reserve: • Approximately 83% of the General Fund's revenue sources are from property taxes and state aids. These revenue sources are not received until the second half of the fiscal year. As such, a working capital reserve at December 31 is required to finance operations for the first six months of the year. Member of HLB Intemational 7 Tautges Redpath, Ltd. Management Letter +General Fund: • For the City of Andover, the required working capital reserve is computed as follows: 2010 General Fund budgeted expenditures Recommended working capital reserve (fifty percent of total) $9,102,628 $4,551,314 • The current working capital reserve in the General Fund is 42 %. Member of HLB International $ "Tautges Redpath, Ltd. Management Letter ♦ Bonded Debt — The City has the following bond issues outstanding at December 31, 2008 and 2009: G.O. Public Facility Lease Revenue Bonds G.O. Special Assessment Bonds G.O. Tax increment Bonds G.O. Certificates of indebtedness G.O. Permanent Improvement Revolving Bonds G.O. Capital Improvement Bonds G.O. State Aid Bonds Subtotal Less refunded bonds paid by escrow Net December 31, 2008 2009 $50,565,000 3,015,000 3,275,000 1,525,000 3,755,000 3,155,000 1,760,000 67,050,000 $50,825,000 2,450,000 2,515,000 1,420,000 2,635,000 2,775,000 2,555,000 65,175,000 (22,945,000) (23,875,000) $44,105,000 $41,300,000 — The City analyzes its debt position annually as part of the budget and CIP process. Member of HLB International 9 Tautges Redpath, Ltd. Communication With Those Charged With Governance — Required Communication • Audit firm responsibility under U.S. audit standards. • Planned scope and timing of audit Significant audit results • Difficulties encountered in performing the audit (none) • Corrected and uncorrected misstatements • Disagreements with management (none) • Management representations • Consultations with other auditors • Other audit findings and issues Member ofHLBInternational 10 � Tautges Redpath, -Ltd, Other Matters —Other Matters • 2009 property tax collection rate was 99.7 %. • The City will be required to implement GASB Statement No. 54, Fund Balance Reporting and Fund Type Definition for the year ended December 31, 2011. Member of HLB lntemational .� Tautges Redpath, Ltd. r r< < C I T Y O F ND 06VE DATE June 1, 2010 ITEMS GIVEN TO THE CITY COUNCIL • #9. Year Ended December 31, 2009 Audit Presentation /HLB Tautges Redpath - Administration PLEASE ADDRESS THESE ITEMS AT THIS MEETING OR PUT THEM ON THE NEXT AGENDA. THANK YOU. GISTAFRRHONDAMAGENMCC LIST.doc 7 1 CITY OF ANDOVER, MINNESOTA AUDIT MANAGEMENT LETTER ' December 31, 2009 1 1 1 k I LJ I ' Audit Management Letter I I I I I Table of Contents Table of Contents ReportSummary .................................................... ............................... 2 Certificate of Achievement ..................................... ............................... 3 Government -Wide Financial Statements ............... ............................... 4 GeneralFund ......................................................... ............................... 11 GASB 54 — Fund Balance Reporting and Governmental Fund Type Definitions will be effective for 2011. 18 Debt Service Funds ............................................... ............................... 19 I Tautges Redpath, Ltd. ' Certified Public Accountants and Consultants We have completed the 2009 audit of the City of Andover, Minnesota and have issued our report thereon. Our Independent Auditor's Report is included in the City's 1 Comprehensive Annual Financial Report. This Audit Management Letter provides a summary of audit results. Thank you for the opportunity to serve the City. We are available to discuss this report with you at your convenience. i To the Honorable Mayor and Members of the City Council ' City of Andover, Minnesota We have completed the 2009 audit of the City of Andover, Minnesota and have issued our report thereon. Our Independent Auditor's Report is included in the City's 1 Comprehensive Annual Financial Report. This Audit Management Letter provides a summary of audit results. Thank you for the opportunity to serve the City. We are available to discuss this report with you at your convenience. i Roy /3 -lam Xle . ' HLB TAUTGES REDPATH, LTD. ' White Bear Lake, Minnesota ' May 7, 2010 I 4810 White Bear Parkway White Bear Lake, Minnesota 55110 I 651 426 7000 651 426 5004 Fax I www.hlbtr.com 1 HLB TautgesHedpath, Ltd. isa member of Im International, a world wide organization of accounting firms and business advisors. I Equal Opportunity Employer F Lr I ' Audit Management Letter I I 1 J u J I l_ I I Report Sul Report Summary Several reports are issued in conjunction with the audit. A summary is as follows: REQUIRED REPORTS Comprehensive Annual Financial • Financial statements • Unqualified ( "clean ") Report (CAFR) • Footnotes opinion on the Financial • Supplemental information Statements Report on Internal Control Over Results of testing • One compliance finding Financial Reporting and on • Internal controls over • No internal control Compliance and Other Matters financial reporting findings • Compliance with laws, regulations, contracts and grants State Legal Compliance Report • Results of testing certain One compliance finding provisions of Minnesota Statutes Communication with Those • Required Communications Charged with Governance DISCRETIONARY REPORTS Audit Management Letter Intended to be a working tool for City Council A C Audit Management Letter Q Certificate of Achievement Certificate of Achievement for Excellence in Financial Reporting The "Certificate of Achievement for Excellence in Financial Reporting" is an award a program offered by the Government Finance Officers Association of the United States and Canada (GFOA). The City of Andover, Minnesota submitted their Comprehensive Annual Financial'l Report (CAFR) to the GFOA and received the award for 2002 through 2008. The City of Andover is one of 124 Minnesota entities receiving the award in 2008. We commend the City on this achievement. The City is submitting the 2009 CAFR to the Certificate Program. a r i, C A C [II I 1 Audit Management Letter Government -Wide Financial Statements GOVERNMENT -WIDE FINANCIAL STATEMENTS The government -wide financial statements of the City of Andover, Minnesota are presented in Statements 1 and 2 of the 2009 Comprehensive Annual Financial Report. The ifollowing comments relate to the Statement of Net Assets (Statement 1) and the Statement of Activities (Statement 2). Cash and Investments Cash and investment balances of Minnesota cities are commonly restricted by statutory requirements and long range financial planning objectives. The following schedule presents ' cash and investment balances by fund type: I 11 I I i Cash and Investment Balances $24,921,129 $26,746,280 $1,825,151 December 31, Increase Fund Type 2008 2009 (Decrease) General $3,309,939 $3,586,725 $276,786 Special Revenue 1,645,670 1,806,828 161,158 Debt Service 2,656,285 1,987,075 (669,210) Capital Projects 13,909,894 14,580,675 670,781 Enterprise 3,299,931 4,542,444 1,242,513 Intemal Service 99,410 242,533 143,123 $24,921,129 $26,746,280 $1,825,151 Audit Management Letter Government -Wide Financial Statements Governmental accounting standards require the reporting of investments at fair value (i.e., market value). Therefore, investment income consists of interest, dividends and the change in market value of investments. Reporting investments at fair value results in greater "swings" in investment earnings because of market changes. Investment income of the City for 2008 and 2009 was as follows: Interest and dividends Market value change Total 2008 2009 $2,129,713 $1,348,284 (243,191) 58,116 $1,886,522 $1,406,400 I I IAudit Management Letter J I i r II i I I I 1 I I I I, I1 Government -Wide Financial Statements Property Taxes Receivable A schedule of property tax activity for the past three years is as follows: Delinquent taxes - January 1 Current levy Total collectible Collections Less adjustment to County Delinquent taxes - December 31 Total collections as a percent of current levy *Net of MVHC 2007 2008 2009 $153,260 $217,766 $275,365 8,907,580 * 9,761,417 * 10,190,844 9,060,840 9,979,183 10,466,209 8,829,697 * 9,689,439 * 10,162,699 * (13,377) (14,379 ) (20,769) $217,766 $275,365 $282,741 99.1% 99.3% 99.7% As presented above, the City is experiencing a consistently solid collection rate for property taxes. In addition to the $282,741 of delinquent taxes above, the City has $30,247 in delinquent tax increments receivable. See later discussion of tax increments (page 7). The Minnesota Property Tax System is complex with the number of different classes of property defined in State Statutes. However, the formulas are based on a simple equation, which is as follows: Market Value x Class Rate = Tax Capacity C C Audit Management Letter C'�nvarnmant -Wirin Finnnrinl StntPmPntq Market value is the starting point in the property tax equation and in theory is consistently applied to all properties. Class rate is the mechanism used to allocate property taxes on a basis other than market value. Tax Increments A schedule of tax increment revenues by district is as follows: TIF District Fund TIF District 1-1,1-2 3505, 3506, 4501 TIF Refunding Bonds of 2003B and 2004B 1 -3 4510 Tax Increment Projects 14 4502 Tax Increment Projects TIF District 1 -3, Fund 4510, is a pass - through, pay -as- you -go district. The City has 4 active tax increment districts. Reporting requirements implemented by the Office of the State Auditor (OSA) require reporting of tax increment activity by district. Delinquent 2009 Collection Balance Current Delinquent 12/31/09 $1,757,513 $35,942 $23,926 132,995 - - 20,387 4,506 6,321 $1,910,895 $40,448 $30,247 TIF District 1 -3, Fund 4510, is a pass - through, pay -as- you -go district. The City has 4 active tax increment districts. Reporting requirements implemented by the Office of the State Auditor (OSA) require reporting of tax increment activity by district. I I 1 Audit Management Letter Government -Wide Financial Statements I Bonded Debt ' The City has the following bond issues outstanding at December 31, 2009 and 2008: I I I �J bl I I I G.O. Revenue Bonds G.O. Special Assessment Bonds G.O. Tax Increment Bonds G.O. Certificates /Capital Notes G.O. Permanent Improvement Revolving Bonds G.O. Capital Improvement Bonds G.O. State Aid Bonds Less amount to be paid by escrow: Public Facility Lease Revenue Bonds Water Revenue Bonds State Aid Street Bonds Net December 31, 2008 2009 $50,565,000 $50,825,000 3,015,000 2,450,000 3,275,000 2,515,000 1,525,000 1,420,000 3,755,000 2,635,000 3,155,000 2,775,000 1,760,000 2,555,000 67,050,000 65,175,000 (16,455,000) (16,455,000) (6,490,000) (6,490,000) (930,000) $44,105,000 $41,300,000 The tax increment bond issues will be repaid by increments generated by the City's tax increment districts. The Permanent Improvement Revolving Bonds will be paid by special ' assessments. I I I I I The City issued the $10,000,000 Public Facility Lease Revenue Refunding Bonds of 2006 to advance refund $9,755,000 of outstanding 2004 Series Bonds. The City issued the $6,865,000 Public Facility Lease Revenue Refunding Bonds of 2007 to advance refund $6,700,000 of outstanding 2004 Series Bonds. The City is responsible for the debt service of the refunded bonds through the crossover date (February 1, 2014) and the debt service of the A Audit Management Letter Government -Wide Financial Statements refunding bonds after the crossover date. The debt service of the refunding bonds before the crossover date is payable from the escrow account. a The City issued the $6,570,000 G.O. Water Revenue Bonds, Series 2007B to advance refund $6,490,000 of outstanding 2002 Series Bonds. The City is responsible for the debt service of the refunded bonds through the crossover date (August 1, 2012) and the debt service of the refunding bonds after the crossover date. The debt service of the refunding bonds before the crossover date is payable from the escrow account. The City issued the $955,000 G.O. State Aid Streets Refunding Bonds, -Series 2009A to C advance refund $930,000 of outstanding 2001B Series Bonds. The City is responsible for the debt service of the refunded bonds through the crossover date (February 1, 2010) and the debt service of the refunding bonds after the crossover date. The debt service of the refunding bonds before the crossover date is payable from the escrow account. Q The financial statements present each bond issue and the escrow account assets pursuant to GASB Statement No. 7. The effect on the financial statements is to report greater debt than, of substance, the City will be responsible for paying. Q ISO 11 11, C 11 1 ' Audit Management Letter Government -Wide Financial Statements ' Other Post Employment Benefits (OPEB) The City implemented GASB Statement No. 45, Accounting and Financial Reporting by Employers for Post Employment Benefits Other Than Pensions, during 2008. The City is required by State Statute to allow retirees to continue participation in the City's group health insurance plan. The retiree is required to pay 100% of their premium cost which is based on a blended rate. Since the projected claims costs for retirees exceed the blended premium paid by retirees, the retirees are receiving an implicit rate subsidy (benefit). I�I L The City is currently funding the post employment benefits on a pay -as- you -go basis. The City's 2009 annual required contribution was $52,340 of which $14,615 was contributed resulting in an OPEB liability of $80,191 at December 31, 2009. I I I i 1 I I Audit Management Letter General Fund GENERAL FUND The General Fund of the City is maintained to account for the current operating and Q capital outlay expenditures common to all cities. These basic services include (but are not limited to) public safety, public works, parks and recreation and general government. A history of major revenue sources is as follows: C Local Government Aid (LGA) for the City was eliminated beginning in 2003. The W second half of market value homestead credit was unallotted by the State in 2008. Current p year market value homestead credit of $350,938 was unalloted by the State in 2009. C C A I State Aids Property Taxes All Other Revenue Total Revenue Year Amount Percent Amount Percent Amount Percent Amount Percent 1999 $849,429 15% $3,125,776 55% $1,725,890 30% $5,701,095 100% 2000 948,259 15% 3,571,186 55% 1,936,635 30% 6,456,080 100% 2001 1,074,805 15% 3,982,174 58% 1,867,945 27% 6,924,924 100% 2002 1,005,219 16% 3,782,334 58% 1,708,234 26% 6,495,787 100% 2003 330,845 5% 4,286,838 68% 1,665,554 27% 6,283,237 100% 2004 372,550 5% 4,541,227 65% 2,084,201 30% 6,997,978 100% 2005 424,634 6% 4,550,918 64% 2,163,539 30% 7,139,091 100% 2006 478,795 6% 5,324,649 70% 1,809,320 24% 7,612,764 100% 2007 710,459 8% 5,776,653 67% 2,089,632 25% 8,576,744 100% 2008 555,758 6% 6,249,011 73% 1,811,108 21% 8,615,877 100% 2009 454,546 5% 6,588,601 78% 1,451,722 17% 8,494,869 100% Local Government Aid (LGA) for the City was eliminated beginning in 2003. The W second half of market value homestead credit was unallotted by the State in 2008. Current p year market value homestead credit of $350,938 was unalloted by the State in 2009. C C A I i L 1 Audit Management Letter 1 1 1 1 1 i 1 1 I 1 1 1 I General Fund A graph of the 2009 and 2008 revenue is as follows: $7,000,000 $6,500,000 $6,000,000 $5,500,000 $5,000,000 $4,500,000 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $ - Cenefal property Licenses and lntergovemmental Charges for Fines rnvestmemt inwme M taxes permits services i 192009 $6,588,601 $291,903 $595,002 $701,289 $110,779 $76,772 ■2008 $6,249,011 $525339 $709251 $772430 $104930 $137,966 Detail of the 2009 revenue is presented in Statements 4 and 10 of the Comprehensive Annual Financial Report. Audit Management Letter w graph om+ and mm expenditures §afollows: � � General Fund Detail othe m% expenditures & presented 6 Statements 4 and ±othe Comprehensive Annual Financial Report. �) \ � lm< �� \ \ \ \ IN �� § \\ / m � ƒ\ \ \ Kill � \2\ «> � � C? l Detail othe m% expenditures & presented 6 Statements 4 and ±othe Comprehensive Annual Financial Report. I ' Audit Management Letter I I I I I I I I I �f General Fund The fund balance of the General Fund increased by $153,377 in 2009 as follows: Revenues: General property taxes Licenses and permits Intergovernmental Charges for services Fines Investment income Miscellaneous Total revenues Expenditures: Current: General government Public safety Public works Parks and recreation Recycling Unallocated Capital outlay Total expenditures Revenues over (under) expenditures Other financing sources: Transfers in Net change in fund balance 2009 2,429,722 2,161,367 Over Final 4,005,406 (Under) Budget Actual Budget 887,749 $6,651,795 $6,588,601 ($63,194) 442,580 291,903 (150,677) 828,689 595,002 (233,687) 620,022 701,289 81,267 95,375 110,779 15,404 115,000 76,772 (38,228) 83,550 130,523 46,973 8,837,011 8,494,869 (342,142) 2,429,722 2,161,367 (268,355) 4,131,341 4,005,406 (125,935) 1,536,727 1,428,549 (108,178) 887,749 835,636 (52,113) 98,607 85,527 (13,080) 20,000 19,540 (460) - 2,397 2,397 9,104,146 8,538,422 (565,724) (267,135) (43,553) 223,582 196,930 196,930 - ($70,205) $153,377 $223,582 Audit Management Letter General Fund The City's December 31, 2009 General Fund balance totaled $4,328,412. The City's General Fund balance has been as follows for the past ten years: $4,500,000 $4,000.000 $3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 General Fund Balance $0 2000 I 2001 2002 2003 2004 2005 2006 2007 1 2008 2009 ®Fund Balance 1 $2,682,786 1 $3,420,072 1 $2,814,972 1 $2,593,027 1 $3,302,565 1 $3,202,477 $3,392,813 $3,890,460 $4,175,035 $4,328,412 Audit Management Letter General Fund The fund balance at December 31, 2009 has been reserved or designated as follows. General Fund Fund Balance Designations Designation Amount Reserved for inventory $103,711 Reserved for prepaid items 103,804 Total reserved 207,515 Designated for working capital: Designated for snow emergency 65,000 Designated for public safety 65,000 Designated for facility management 65,000 Designated for information technology 65,000 Designated for working cash flow 3,860,897 Total designated for working capital 4,120,897 Total reservations and designations $4,328,412 The designations are planning for emergency expenditures so that the City can maintain a consistent tax rate. Audit Management Letter General Fund Working Capital Reserve As previously noted, approximately 83% of the General Fund's revenue sources are from property taxes and state aids. These revenue sources are not received until the second half of the fiscal year. As such, a working cash flow reserve at December 31 is required to finance operations for the first six months of the year. For the City, the required working capital reserve is computed as follows: 2010 General Fund budgeted expenditures $9,102,628 Recommended working cash flow reserve (fifty percent of total) $4,551,314 The current working capital reserve in the General Fund is 42 %. A summary of the purposes of General Fund reserve balances is as follows: I I Audit Management Letter General Fund GASB 54 — Fund Balance Reporting and Governmental Fund Type Definitions GASB Statement No. 54 is effective for the year ending December 31, 2011. This standard changes the reporting of fund balance from the current categories of reserved, designated and unreserved/undesignated to five categories based on the constraint imposed on the use of the resources. We recommend that the City prepare for implementation of this standard by reviewing the current fund balance policy to ensure that the following are addressed: • Minimum fund balance • Flow assumptions • Delegation of authority to assign ' • Fund balance commitment I I I I I I I G �I u' Audit Management Letter Debt Service Funds DEBT SERVICE FUNDS The financial statements for the EDA Public Facility Lease Revenue Refunding Bonds of 2006 and EDA Public Facility Lease Revenue Refunding Bonds of 2007 are presented in Statements 3 and 4 and the combining financial statements for the nonmajor Debt Service Funds are presented in Statements 16 and 17 of the 2009 Comprehensive Annual Financial Report. Debt Service Funds are a type of governmental fund to account for the accumulation{ of resources for the payment of interest and principal on debt (other than Enterprise Fund W debt). Q Current governmental reporting standards do not provide for the matching of long -term debt with its related financing sources. Although this information can be found in the City's Comprehensive Annual Financial Report, it is located in several separate sections of the a Comprehensive Annual Financial Report. The following schedule extracts information from these sections of the Comprehensive Annual Financial Report to provide an overview a analysis of long -term debt and its related funding. The reader is cautioned that 1) future interest revenue from assessments and a investments, and 2) future interest expense on bonded debt, is not included in the following schedule. C lJ C I I ' Audit Management Letter I I I I' I I 1 I I I I I Fund Description General Obligation Bonds: EDA Public Facility Lease Revenue Bonds of 2004 EDA Public Facility Lease Revenue Bonds of 2006 EDA Public Facility Lease Revenue Bonds of 2007 Total general obligation bonds Special Assessment Bonds: G.O. Improvement Bonds of 2005A Tax Increment Bonds: G.O. TIF Refunding Bonds of 2003B G.O. TIF Refunding Bonds of 2004B Total tax increment bonds Certificates of Indebtedness: G.O. Equipment Certificate of 2006D G.O. Equipment Certificate of 2007A G.O. Equipment Certificate of 2008A G.O. Equipment Certificate of 2009A Total certificates of indebtedness Permanent Improvement Revolving Bonds: G.O. PIR Bonds of 2003A G.O. PIR Bonds of 2006A Total permanent improvement revolving bonds Debt Service Funds December 31, 2009 Final Fund Deferred Outstanding Maturity Balance Revenues Total Debt Date $613,991 $28,563 $642,554 $18,630,000 02/01/14 9,932,006 - 9,932,006 10,000,000 02/01/34 6,822,086 - 6,822,086 6,865,000 02/01134 17,368,083 28,563 17,396,646 35,495,000 955,000 02/01/15 Total state aid bonds 1,158,866 0 908,609 412,329 1,320,938 2,450,000 02/01/11 9,567 - Totals -All Debt Service Funds 12,631 - 12,631 250,000 08/01/10 21,020 14,594 35,614 2,265,000 02/01/13 33,651 14,594 48,245 2,515,000 236,177 - 236,177 160,000 02/01/10 238,236 6,445 244,681 395,000 02/01/11 171,805 5,239 177,044 480,000 02/01/12 140,853 4,289 145,142 385,000 02/01/12 787,071 15,973 803,044 1,420,000 15,834 - 15,834 820,000 02/01/10 13,364 - 13,364 1,815,000 02101/14 29,198 0 29,198 2,635,000 Capital Improvement Bonds: G.O. Capital Improvement Bonds of 2004A 13,861 11,023 24,884 2,775,000 02/01/17 State Aid Bonds of 2001 B 209,451 - 209,451 1,600,000 02/01/10 State Aid Refunding Bonds 2009A 949,415 - 949,415 955,000 02/01/15 Total state aid bonds 1,158,866 0 1,158,866 2,555,000 Open Space Referendum Bonds 6,143 3,424 9,567 - Totals -All Debt Service Funds $20,305,482 $485,906 $20,791,388 $49,845,000 • Tax increment collections are subject to future valuations within the District. The City analyzes its debt position annually as part of the budget and CIP process and the City's fiscal agent prepares a refunding/call review with each new issuance. We recommend the City continue to annually review debt service requirements and long -term funding for the above bond issues. Audit Management Letter Debt Service Funds The following decision chart prompts questions to further evaluate a fund's financial position: Condition A Fund balance plus deferred revenue meets or exceeds bonds payable. Cautions 00 I. Is the City experiencing favorable collection rates for special assess- ments? 2. Are anticipated investment interest rates earned on prepayments ade- quate to replace assessment interest? 3. Is the timing of receipts sufficient to meet bonded debt payments as they become due? 4. Are significant portions of assess- ments not scheduled for collection (green acres, tax forfeit, etc.)? 5. Is arbitrage or negative arbitrage an issue? The debt service fund is clearly adequately funded. Plan for eventua use of surplus. Conclusion 1 Condition B Fund balance plus deferred revenue is less than bonds payable. IQuestions 1. Are sufficient future assets scheduled (such as property taxes) to meet bonded debt payments? 2. Are cash assets sufficient to generate investment earnings? 3. Are transfers or other funding sources available? 4. Are there future assets to pledge such as assessments, MSA allot- ments, etc.? The debt service fund is clearly not adequately funded. Plan for altern- ative funding (taxes, transfers, other sources). Conclusion 2 Variables and possible outcomes are too diverse. Prepare projections to analyze possible scenarios and options. Conclusion 3 LJ is A H 14 4 1 C 0 111, 4 Tautges Redpath, Ltd. Certified Public Accountants and Consultants COMMUNICATION WITH THOSE CHARGED WITH GOVERNANCE To the Honorable Mayor and Members of the City Council City of Andover, Minnesota We have audited the financial statements of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the City of Andover, Minnesota (the City) for the year ended December 31, 2009, and have issued our report thereon dated May 7, 2010. Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards and Government Auditing Standards, as well as certain information related to the planning scope and timing of our audit. We have communicated such information in our letter to you dated October 20, 2009. Professional standards also require that we communicate to you the following information related to our audit. Significant Audit Results Qualitative Aspects of Accounting Practices Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by the City are described in Note 1 to the financial statements. No new accounting policies were adopted and the application of existing policies was not changed during 2009. We noted no transactions entered into by the City during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period. Accounting estimates are an integral part of the financial statements prepared by management and are based on management's knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimate affecting the financial statements was management's estimate of the net OPEB obligation which is based on the OPEB actuarial study. We evaluated the key factors and assumptions used to develop the estimate for the net OPEB obligation in determining that it is reasonable in relation to the financial statements taken as a whole. Certain financial statement disclosures are particularly sensitive because of the significance to financial statement users. The City does not have any particularly sensitive disclosures in its financial statements. 4810 White Bear Parkway White Bear Lake, Minnesota 55110 I 651 426 7000 651 426 5004 Fax I www.hlbtr.com He Tautges refrain, Ltd is a member of Im International, a world wide organization of accounting firms and business advisors. I Equal Opportunity Employer City of Andover, Minnesota Communication with Those Charged with Governance Page 2 Difficulties Encountered in Performing the Audit We encountered no significant difficulties in dealing with management in performing and completing our audit. Corrected and Uncorrected Misstatements Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are trivial, and communicate them to the appropriate level of management. The attached schedule summarizes uncorrected misstatements of the financial statements. Management has determined that their effects are immaterial, both individually and in the aggregate, to the financial statements taken as a whole. There were no misstatements detected as a result of audit procedures that were corrected by management. Disagreements with Management For purposes of this letter, professional standards define a disagreement with management as a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction that could be significant to the financial statements or the auditor's report. We are pleased to report that no such disagreements arose during the course of our audit. Management Representations We have requested certain representations from management that are included in the management representation letter dated May 7, 2010. Management Consultations with Other Independent Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a "second opinion" on certain situations. If a consultation involves application of an accounting principle to the City's financial statements or a determination of the type of auditor's opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants. Other Audit Findings or Issues We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with management each year prior to retention as the City's auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention. City of Andover, Minnesota Communication with Those Charged with Governance Page 3 Closing This report is intended solely for the information and use of the City of Andover, Minnesota's management and City Council, and is not intended to be, and should not be, used by anyone other than these specified parties. HLB TAUTGOES REDPATH, LTD. White Bear Lake, Minnesota May 7, 2010 I O z O F O W w U z w H a H N (�N W Rj N N O a 3 0 X N O F W O O a a,l O N M Q v m 0.1 > O Q o-�- ro C 0 E 0 0J ° c7 a 0 .0 'a O O 0 aw Q, V c U ro h -4 A 00 G 0 w m F O 0 wi 00 N N M N C N X w 0�0 W � O O 1= O w O > 40i N FL Y N oo � � 00 00 W in N oM0 � O vii h N y F N N �O �O 06 06 y Obi Obi at > � O II. y 00 of 00 p � N N N F a F 3 a ,It 0 x v 14 o � c .a x N oc � N a U � U a a V"� N Ul Vl L 0 0 QN NNJ N Q 7 7 cC y iy 4` O G w 0 0 o F w z z z z \ § \ & ) ) ) § $ m \ \ / \ } ] / 2 ) / ( ) \ / \ \ ƒ z { / � )\ � \ \22\ ]/ ) -ƒ </) � o o6 o6 \ ƒ\ . }J \/a & \ t \ (\ / {\ ) Eaa (/ . \)� «a \ \�\ / \ {2 2i} } , O z 0 F Q aA Q w w U z Q H Q a d w v a v 0 a b ni 0 0 N .r� G O F-' [il O a 0. rn O O N M N A m 'm W 0 C ro d E 0 ° _o N w a U ° �y l OCO 0I 0 V N N w v y y N .9 OD �= c � o o_ w C U O F a I x w yo 0 0 0 O D o > v E v ° r y V O O O �> g O m o a w 0 o 0 a C 0 C 0 o i ro ° 0 0 F 0 � 0 o 3a� 0 x� OX C r-a x ro m ° o �a W ° A N U U w 'O C C 3 y U W C Q d o �z z z R O w z 0 F Q a� d W W U z a F a 0 V C N 'O 'O a R N U O r. R. R 3 O C x N GR Y a ti F Gl O 5 a 0 0 N M N V R Q N N v R R W W O G cd G 0 E 0 itl 3 0 �a O 0 0 W 'O N X V m V V C N W w b b a R N h N i b0 C 3 0 w v H Tautges Redpath, Ltd. Certified Public Accountants and Consultants REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GO VERNMENTA UDITING STANDARDS To the Honorable Mayor and Members of the City Council City of Andover, Minnesota We have audited the financial statements of the governmental activities, the business -type activities, each major fund and the aggregate remaining fund information of the City of Andover, Minnesota, as of and for the year ended December 31, 2009, which collectively comprise the City of Andover, Minnesota's basic financial statements, and have issued our report thereon, dated May 7, 2010. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Internal Control Over Financial Reporting In planning and performing our audit, we considered the City of Andover, Minnesota's internal control over financial reporting as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City of Andover, Minnesota's internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the City of Andover, Minnesota's internal control over financial reporting. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over financial reporting that might be deficiencies, significant 4810 White Bear Parkway White Bear Lake, Minnesota 55110 I 651 426 7000 651 426 5004 Fax I www.hlbtr.com HLB Tautges Helluth, Ltd. is a member of E International, a world -wide organization of accounting firms and business advisors. I Equal Opportunity Employer City of Andover, Minnesota Report on Internal Control over Financial Reporting and on Compliance and Other Matters Page 2 deficiencies or material weaknesses. We did not identify any deficiencies in internal control over financial reporting that we consider to be material weaknesses, as defined above. However, we identified a deficiency in internal control over financial reporting, described in the accompanying Schedule of Findings and Responses as finding 2009 -1 that we consider to be a significant deficiency in internal control over financial reporting. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough merit attention by those charged with governance. Compliance and Other Matters As part of obtaining reasonable assurance about whether the City of Andover, Minnesota's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit and, accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. We noted certain matters that we reported to management of the City of Andover, Minnesota in a separate letter dated May 7, 2010. The City of Andover, Minnesota's response to the finding identified in our audit is described in the accompanying Schedule of Findings and Responses. We did not audit the City of Andover, Minnesota's response and, accordingly, we express no opinion on it. This report is intended solely for the information and use of the City of Andover, Minnesota's management, City Council, and others within the entity, and is not intended to be, and should not be, used by anyone other than these specified parties. ROY05 7cu* 064e,� j V-& HLB TAUTGES REDPATH, LTD. White Bear Lake, Minnesota May 7, 2010 CITY OF ANDOVER, MINNESOTA Schedule of Findings and Responses For The Year Ended December 31, 2009 2009 -1 Credit Card Approval Criteria: Proper approval of credit card purchases is a key component of solid internal controls. The City's approval process requires both department head approval and Assistant Finance Director approval for all credit card purchases. Condition: Audit procedures detected that two of the eighteen credit card purchases tested lacked evidence of Assistant Finance Director's approval. The credit card purchases totaled $228.59 and were both made by the same employee. Cause: Unknown. Effect: When credit card purchases are not properly approved, there is an increased risk that errors or fraud could occur and not be detected in a timely manner. Recommendation: We recommend that the City follow existing procedures to ensure all credit card purchases are properly approved. Views of Responsible Officials and Corrective Action Plan: The City reviewed the process and feels that this is a remote instance of a signature being missed. All 18 credit card purchases for-this particular accounts payable check had the necessary departmental approvals, but two were missing the secondary approval. Staff will continue to review existing procedures and make improvements where necessary. Tautges Redpath, Ltd. Certified Public Accountants and Consultants REPORT ON COMPLIANCE WITH MINNESOTA LEGAL COMPLIANCE AUDIT GUIDE FOR LOCAL GOVERNMENTS To the Honorable Mayor and Members of the City Council City of Andover, Minnesota We have audited the basic financial statements of the City of Andover, Minnesota, as of and for the year ended December 31, 2009, and have issued our report thereon dated May 7, 2010. We conducted our audit in accordance with auditing standards generally accepted in the United States of America, and the provisions of the Minnesota Legal Compliance Audit Guide for Local Government promulgated by the State Auditor pursuant to Minnesota Statutes Section 6.65. Accordingly, the audit included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances. The Minnesota Legal Compliance Audit Guide for Local Government covers seven categories of compliance to be tested: contracting and bidding, deposits and investments, conflicts of interest, public indebtedness, claims and disbursements, miscellaneous provisions, and tax increment financing. Our study included all of the listed categories. The results of our tests indicate that for the items tested, the City of Andover, Minnesota complied with the material terms and conditions of applicable legal provisions, except as noted in finding 2009 -2. This report is intended solely for the information and use of the City of Andover, Minnesota's management, City Council, and others within the entity, and is not intended to be, and should not be, used by anyone other than these specified parties. HLB TAUTGES REDPATH, LTD. White Bear Lake, Minnesota May 7, 2010 4810 White Bear Parkway White Bear Lake, Minnesota 55110 I 651 426 7000 651 426 5004 Fax I www.hlbtr.com HLB Tautges eedpath, Ltd. is a member of Im International, a world -wide organization of accounting firms and business advisors. I Equal Opportunity Employer CITY OF ANDOVER, MINNESOTA Schedule of Findings and Responses For The Year Ended December 31, 2009 2009 -2: Deficiencies in collateral for deposits Criteria: Minnesota Statute 118A provides certain specific collateral requirements for deposits as follows: M.S. 118A.03 When and What Collateral Required. Subdivision 1. For deposits beyond insurance. To the extent that funds deposited are in excess of available federal deposit insurance, the government entity shall require the financial institution to furnish collateral security or a corporate surety bond executed by a company authorized to do business in the state. Subd. 2. In lieu of surety bond. The following are the allowable forms of collateral in lieu of a corporate surety bond: (1) United States government treasury bills, treasury notes, treasury bonds; (2) issues of United States government agencies and instrumentalities as quoted by a recognized industry quotation service available to the government entity; (3) general obligation securities of any state or local government with taxing powers which is rated "A" or better by a national bond rating service, or revenue obligation securities of any state or local government with taxing powers which is rated "AA" or better by a national bond rating service; (4) irrevocable standby letters of credit issued by Federal Home Loan Banks to a municipality accompanied by written evidence that the bank's public debt is rated "AA" or better by Moody's Investors Service, Inc., or Standard & Poor's Corporation; and (5) time deposits that are fully insured by the Federal Deposit Insurance Corporation. Subd. 3. Amount. The total amount of the collateral computed at its market value shall be at least ten percent more than the amount on deposit plus accrued interest at the close of the business day. The financial institution may furnish both a surety bond and collateral aggregating the required amount. Subd. 4. Assignment. Any collateral pledged shall be accompanied by a written assignment to the government entity from the financial institution. The written assignment shall recite that, upon default, the financial institution shall release to the government entity on demand, free of exchange or any other charges, the collateral pledged. Interest earned on assigned collateral will be remitted to the financial institution so long as it is not in default. The government entity may sell the collateral to recover the amount due. Any surplus from the sale of the collateral shall be payable to the financial institution, its assigns, or both. Subd. 5. Withdrawal of excess collateral. A financial institution may withdraw excess collateral or substitute other collateral after giving written notice to the governmental entity and receiving confirmation. The authority to return any delivered and assigned collateral rests with the government entity. Subd. 6. Default. For purposes of this section, default on the part of the financial institution includes, but is not limited to, failure to make interest payments when due, failure to promptly deliver upon demand all money on deposit, less any early withdrawal penalty that may be required in connection with the withdrawal of a time deposit, or closure of the depository. If a financial institution closes, all deposits shall be immediately due and payable. It shall not be a default under this subdivision to require prior notice of withdrawal if such notice is required as a condition of withdrawal by applicable federal law or regulation. Subd. 7. Safekeeping. All collateral shall be placed in safekeeping in a restricted account at a Federal Reserve Bank, or in an account at a trust department of a commercial bank or other CITY OF ANDOVER, MINNESOTA Schedule of Findings and Responses For The Year Ended December 31, 2009 financial institution that is not owned or controlled by the financial institution furnishing the collateral. The selection shall be approved by the government entity. HIST: 1996 c 399 art 1 s 4 Condition: At December 31, 2009, the City of Andover, Minnesota held CDs at 1St Regents Bank for $2,119,060. Deposits up to $250,000 are insured by the FDIC. Deposits require collateral of at least ten percent more than the amount on deposit in excess of that covered by FDIC insurance. The collateral required was $2,055,966 ($1,869,060 x 110 %). Collateral in the amount of $1,985,808 was provided, resulting in a collateral deficiency of $70,158. Cause: Unknown. Effect: The effect of noncompliance is not determinable. Recommendation: We recommend the City obtain sufficient collateral to comply with Minnesota Statute 118A.03. Views of Responsible Officials and Corrective Action Plan: As part of the annual audit, the City was made aware that it was under collateralized with one of the institutions that the City holds investment deposits. Upon investigation, while the City's investments were covered by pledged securities, we concur that the City was under collateralized at 1St Regents Bank on December 31, 2009, the pledge was at 106.2% rather than at the required 110 %. The City has contacted 1" Regents Bank and discussed the situation. 1St Regents Bank concurs with the investigation, and we both believe that while we both have in place good controls to assure that the correct amount is pledged, this oversight was remote and that each side will extend further due diligence to assure this does not happen again. - This page intentionally left blank - e' 1685 CROSSTOWN BOULEVARD N.W.. ANDOVER, MINNESOTA 55304 . (763) 755 -5100 FAX (763) 755 -8923 . WWW.CI.ANDOVER.MN.US Comprehensive Annual Financial Report of the City of Andover, Minnesota For the Year Ended December 31, 2009 Prepared By: Finance Department City of Andover CITY OF ANDOVER, MINNESOTA TABLE OF CONTENTS Page Reference No. I. INTRODUCTORY SECTION Letter of Transmittal 2 Organization 10 Organizational Chart 11 Certificate of Achievement 12 IL FINANCIAL SECTION Independent Auditor's Report 14 Management's Discussion and Analysis 16 Basic Financial Statements: Government -Wide Financial Statements: Statement of Net Assets Statement 1 29 Statement of Activities Statement 2 30 Fund Financial Statements: Balance Sheet - Governmental Funds Statement 3 32 Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds Statement 4 34 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds Statement 5 37 Statement of Net Assets - Proprietary Funds Statement 6 38 Statement of Revenues, Expenses, and Changes in Fund Net Assets - Proprietary Funds Statement 7 40 Statement of Cash Flows - Proprietary Funds Statement 8 42 Statement of Fiduciary Net Assets - Fiduciary Funds Statement 9 44 Notes to Financial Statements 45 Required Supplementary Information: Budgetary Comparison Schedule - General Fund Statement 10 80 Schedule of Funding Progress - Other Post Employment Benefits Plan Statement 11 82 Notes to Required Supplementary Information: Budgets 83 Modified Approach for City Streets and Trails Infrastructure Capital Assets 83 Combining and Individual Fund Statements and Schedules: Nonmaj or Governmental Funds: Combining Balance Sheet - Nonmajor Governmental Funds Statement 12 87 Combining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmaj or Governmental Funds Statement 13 88 CITY OF ANDOVER, MINNESOTA TABLE OF CONTENTS Page Reference No. Nonmajor Special Revenue Funds: Subcombining Balance Sheet - Nonmajor Special Revenue Funds Statement 14 90 Subcombining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Special Revenue Funds Statement 15 92 Nonmajor Debt Service Funds: Subcombining Balance Sheet - Nonmajor Debt Service Funds Statement 16 96 Subcombining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Debt Service Funds Statement 17 98 Nonmajor Capital Projects Funds: Subcombining Balance Sheet - Nonmajor Capital Project Funds Statement 18 102 Subcombining Statement of Revenues, Expenditures and Changes in Fund Balances - Nonmajor Capital Project Funds Statement 19 104 Special Revenue Funds: Schedules of Revenues, Expenditures and Changes in Fund Balances - Budget and Actual: EDA General Statement 20 106 Community Development Block Grant Statement 21 107 Community Center Statement 22 108 Drainage and Mapping Statement 23 109 LRRWMO Statement 24 110 Forestry Statement 25 111 Trail and Transportation Statement 26 112 Right -of -Way Management/Utility Statement 27 113 Capital Equipment Reserve Statement 28 114 Charitable Gambling Statement 29 115 Construction Seal Coating Statement 30 116 Internal Service Funds: Combining Statement of Net Assets - Internal Service Funds Statement 31 118 Combining Statement of Revenues, Expenses, and Changes in Fund Net Assets - Internal Service Funds Statement 32 119 Combining Statement of Cash Flows - Internal Service Funds Statement 33 120 Agency Funds: Combining Statement of Net Assets - Fiduciary Funds Statement 34 122 Combining Statement of Changes in Assets and Liabilities - Fiduciary Funds Statement 35 123 Supplementary Financial Information: Combined Schedule of Indebtedness Exhibit 1 126 Schedule of Tax Capacity Rates and Levies Exhibit 2 128 Schedule of Deferred Tax Levies - General Obligation Bonds Exhibit 3 129 Schedule of Fund Transfers Exhibit 4 130 CITY OF ANDOVER, MINNESOTA TABLE OF CONTENTS Page Reference No. III. STATISTICAL SECTION Net Assets by Component - Last Five Fiscal Years Table 1 134 Changes in Net Assets - Last Five Fiscal Years Table 2 135 Fund Balances - Governmental Funds - Last Five Fiscal Years Table 3 137 Changes in Fund Balances - Governmental Funds - Last Five Fiscal Years Table 4 138 Assessed and Estimated Actual Value of Taxable Property - Last Ten Fiscal Years Table 5 139 Property Tax Rates - Per $1,000 of Assessed Tax Capacity Value - Years 2001 through 2010 Table 6 140 Property Tax Levies and Collections - Last Five Fiscal Years Table 7 141 Principal Taxpayers - Current Year and Ten Years Ago Table 8 142 Estimated Market Values and New Construction - Last Ten Fiscal Years Table 9 143 Special Assessment Levies and Collections - Last Ten Fiscal Years Table 10 144 Ratio of Net Bonded Debt to Assessed Value and Net Bonded Debt Per Capita - Last Ten Fiscal Years Table 11 145 Computation of Direct and Overlapping Debt Table 12 146 Computation of Legal Debt Margin - Last Five Fiscal Years Table 13 147 Pledged- Revenue Coverage - Last Five Fiscal Years Table 14 148 Outstanding Debt by Type - Last Five Fiscal Years Table 15 149 Demographic and Economic Statitistics - Last Five Years Table 16 150 Principal Employers - Current Year and Ten Years Ago Table 17 151 Full Time Equivalent Employees - City Government Employees by Function / Program - Last Five Fiscal Years Table 18 152 Operating Indicators by Function / Program - Last Five Years Table 19 153 Capital Asset Statistics by Function / Program - Last Five Years Table 20 154 I. INTRODUCTORY SECTION y II �1 1685 CROSSTOWN BOULEVARD N.W.. ANDOVER, MINNESOTA 55304 . (763) 755 -5100 FAX (763) 755 -8923 . WWW.CI.ANDOVER.MN.US May 7, 2010 To the Honorable Mayor and City Council City of Andover 1685 Crosstown Blvd. NW Andover, Minnesota 55304 Dear Honorable Mayor and Council Members: The Comprehensive Annual Financial Report is submitted in conformance with all applicable governing laws and regulations. The following has set the standards forth: *Andover City Policy and Code *The State Auditor, State of Minnesota *Government Finance Officers Association *Governmental Accounting Standards Board RESPONSIBILITY. Responsibility for both the accuracy of the presented data and the completeness of the financial statements including all disclosures rests with the City. We believe the data, as presented, is accurate in all material aspects. This report has been presented in a manner designed to fairly set forth the financial position and results of operations as measured by the financial activity of its various funds. FINANCIAL STATEMENT FORMAT. This Comprehensive Annual Financial Report is presented in three main sections: L Introductory II. Financial III. Statistical The Introduction includes a list of the City's principal officials as of December 31, 2009, the table of contents, the public officials, organizational chart, and this Letter of Transmittal. The Financial Section includes: (1) independent auditor's report; (2) management's discussion and analysis; (3) government wide and fund financial statements; (4) notes to the financial statements; (5) required supplementary information; (6) the combining statements, individual fund statements; and, (7) the supplemental information. The Statistical Section includes tables and reports of various economic, social, financial and fiscal data designed to reflect trends and ratios. Generally Accepted Accounting Principles (GAAP) requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management's Discussion and Analysis (MD &A). This letter of transmittal is designed to complement the MD &A and should be read in conjunction with it. The City of Andover's MD &A can be found immediately following the report of the independent auditors. REPORTING ENTITY. All City funds, departments, commissions, and other organizations for which the City of Andover is financially accountable are presented within the Comprehensive Annual Financial Report. The Andover Firefighters' Relief Association does not meet the established criteria for inclusion in the reporting entity, and accordingly are excluded from this report. GENERAL INFORMATION. The city we know today as Andover was first organized in 1857 under the name "Round Lake Township." However, in 1860 the name was changed to "Grow Township" in honor of Senator Galusha A. Grow of Pennsylvania. Senator Grow spoke at a political campaign in Anoka that year, and the town name was changed to reflect Senator Grow because of his strong advocacy of the Union cause. At that time, the population was 330 and included the geographical area we know today as Ham Lake. In fact, the area of Ham Lake was considered a part of Grow Township until 1871. In 1972, the Grow Township Board of Supervisors recognized that the town was growing at a very rapid rate. They felt a village form of government would provide better services to the community. Board supervisors then voted in favor of proceeding with the incorporation process. The board voted to submit a new name for the village. "Andover Village" was chosen because the name Andover had historical interest. The historical interest, we believe, came from the Andover train station. To the Honorable Mayor and City Council City of Andover, Minnesota You may have heard the popular "train myth" about how Andover received its name. The myth states that a train tipped over in a swamp, and an eyewitness, relaying the incident, said it "went over and over," thereby naming the city "Andover." However, research reveals that the name Andover first appeared in an article dated March 14, 1899 in the Anoka Couno� Union Newspaper - before train tracks were ever 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. Where the railway came up with the name Andover still remains unknown. Andover Village was established in 1972 and then became the City of Andover, a city of the fourth class, in 1974. Today the City of Andover's population exceeds 20,000, classifying it as a second class city. The City of Andover as it exists today consists of 23,040 acres. Andover has a population estimated at 31,250. A rapidly growing suburb of the northern metropolitan area, the City of Andover is approximately sixteen miles from Minneapolis. SERVICES PROVIDED. The City of Andover provides various services to the residents in the community. The current services are: General Government: Protective inspection Animal control Fire protection Mayor and City council Financial administration Informationsystems Newsletter Elections Facility management City clerk Assessing Engineering Administration Legal Risk management Human resources Planning and zoning Public Safety Police Protective inspection Animal control Fire protection Civildefense Public Works: Streets and highways Street signs Traffic signals Snow and ice removal Central equipment maintenance Water maintenance Street lighting Sanitation: Storm sewers Sanitary sewer maintenance Parks and Recreation Recycling GOVERNMENT STRUCTURE. Andover is a statutory city with the City Council appointing a City Administrator. The City Administrator has operating responsibilities for all City functions. A list of public officials and organizational chart can be found on page 10 and 11 respectively. IMPLEMENTATION OF GASB 34 In June 1999, the GASB issued Statement 34, which is the most comprehensive government accounting rule ever developed. This standard substantially changes the way state and local governments report their financial activity. Andover had implemented these changes in 2002. A summary of the most significant changes is as follows: L Government -wide financial statements are prepared using full accrual accounting 2. Basic fund financial statements present major funds instead of fund types 3. Budgetary comparisons include original and amended budgets 4. All infrastructures have been capitalized and all capital assets are depreciated except streets and trails that are under the modified approach 5. A management discussion and analysis is included as required supplemental information To the Honorable Mayor and City Council City of Andover, Minnesota ECONOMIC CONDITION AND OUTLOOK Moderate population growth is expected to continue in 2009 and 2010, with an estimated population of 33,000 by 2010. The rate of residential growth as compared to the growth in the 90's has significantly declined as the availability of residentially zoned property decreased. The City has experienced a significant amount of commercial growth from 2000 through current 2009. Continual commercial growth is anticipated over the next five to ten years, beyond that growth will slow as the amount of undeveloped commercially zoned property also declines. The City's General Fund has two major categories of revenue, which accounted for 86% of the total in 2009. They are general property taxes at 78 %, and charges for services at 8 %. In prior years, intergovernmental revenue was the second largest category of revenue for the General Fund. Intergovernmental revenue includes state aids, such as local government aid (LGA), market value homestead credit (MVHC), highway maintenance aid, fire relief aid and police aid; and county grants, such as recycling and community development. During the past several years, the State of Minnesota has made numerous changes to laws pertaining to the distribution of LGA, Homestead and Agricultural Credit Aid (HACA) and MVHC resulting in a significant reduction in intergovernmental revenue. The City was able to make up this loss in aid through efficiencies and an increased tax levy, substantially increasing the local tax rate in 2002. The tax laws that resulted in this change also greatly reduced school district property tax levies, resulting in no net tax increase for most residential property owners. Sweeping changes approved in 2003 resulted in the loss of approximately $590,000 in aid to Andover, that loss in aid was originally intended to be for two years (2003 & 2004) but that loss was extended to include years 2005 and 2006. The state allowed cities the ability to levy up to 60% of the lost 2003 aid in 2004. Again, in 2008 and 2009, the State of Minnesota significantly reduced MVHC to help deal with the state budget deficit. LGA, HACA and MVHC for 1998 through 2009 are as follows: Year LGA HACA MVHC Total 1998 $ 122,651 $ 378,975 $ - $ 501,626 1999 111,145 462,796 - 573,941 2000 119,752 490,237 - 609,989 2001 119,758 489,991 - 609,749 2002 119,827 - 563,754 683,581 2003 * - - 65,632 65,632 2004 * - - 57,934 57,934 2005 * - - 13,179 13,179 2006 * - - 1,700 1,700 2007 - - 410,519 410,519 2008 * - - 198,214 198,214 2009 * - - 54,629 54,629 *Due to the State Legislative actions to deal with the state budget deficits, the City will not be receiving any LGA and significantly reduced MVHC. For 1998 through 2000, cities with populations over 2,500 were under levy limit restrictions imposed by the State. Levy limits severely curb the ability of cities to generate additional tax revenue needed to respond to an increasing demand for services. For 1999 and 2000, the levy limit formula was modified to allow for increases based on commercial and industrial growth. This was a favorable change for Andover, as the City experienced a surge in commercial growth during the past few years. Levy limits were lifted for 2001 but were reinstated for 2002 - 2004. The 2004 levy limits were so severe that the State did not allow cities the ability to capture residential and commercial market value growth. Levy limits were lifted from 2005 to 2008, but reinstated for 2009, 2010 and 2011. To the Honorable Mayor and City Council City of Andover, Minnesota The State's property tax reform efforts have also included modifications to property class rates. Reductions in the class rates for all major types of property have occurred in 1998, 1999, 2000, and for 2002. These changes resulted in a decrease in the taxable value of most properties. These changes and the impact on various valued properties are shown in the following table: Class Rate 1998 1999 2000 & 2001 2002& 2003 Residential Homestead: $ 623,662 n/a 2001 720,712 Value to $75,000 1.000/0 1.00% 1.00% 1.00% $76,00 0 to $500,000 1.85% 1.70% 1.65% 1.00% Over $500,000 1.85% 1.70% 1.65% 1.25% Commercial / Industrial: 3,063 2,875 2,813 2,000 Value to $150,000 2.70% 2.45% 2.40% 1.50% Value above$ 150, 000 4.00% 3.50% 3.40% 2.00% Tax Capacity 1998 1999 2000 & 2001 2002& 2003 Taxable Market Value: $ 623,662 n/a 2001 720,712 Residential Homestead 2002 588,965 (131,747) 2003 $ 100,000 $ 1,213 $ 1,175 $ 1,163 $ 1,000 150,000 2,138 2,025 1,988 1,500 200,000 3,063 2,875 2,813 2,000 250,000 3,988 3,725 3,638 2,500 300,000 4,913 4,575 4,463 3,000 Commercial / Industrial: $ 550,000 $ 20,050 $ 17,675 $ 17,200 $ 10,250 750,000 28,050 24,675 24,000 14,250 1,000,000 38,050 33,425 32,500 19,250 2,500,000 98,050 85,925 83,500 49,250 The City's General Fund receives a substantial amount of revenue from licenses and permits. The past ten years are shown below: Revenues Change 2000 $ 623,662 n/a 2001 720,712 $ 97,050 2002 588,965 (131,747) 2003 551,385 (37,580) 2004 674,008 122,623 2005 724,436 50,428 2006 598,094 (126,342) 2007 475,893 (122,201) 2008 525,339 49,446 2009 291,903 (233,436) The $131,747 decrease in revenue for 2002 is due to reclassification of plan check fees ($263,535), which were previously recorded as license and permit fee and are now recorded as a charges for services revenue. Revenue from residential building continued to modestly increase through 2002 but declined in 2003, as a reduced number of new residential lots were being added to the overall lot inventory. License and permit fees increased substantially in 2004 as the number of residential lots available and built on has increased and the value of new construction is on the rise. The decrease in 2006 and 2007 is largely due to a slowing economy and home building market. A slight increase in 2008 is primarily due to the commercial activity taking place but the decrease in 2009 is due to the continued downturn in the economy, especially the construction industry. To the Honorable Mayor and City Council City of Andover, Minnesota The City's General Fund also receives a considerable amount of revenue from charges for services. The past ten years are shown below: Revenues Change 2000 $ 900,235 n/a 2001 722,690 (177,545) 2002 689,427 (33,263) 2003 647,813 (41,614) 2004 798,795 150,982 2005 933,365 134,570 2006 780,273 (153,092) 2007 1,121,642 341,369 2008 772,430 (349,212) 2009 701,289 (71,141) The City analyzes user fees every year as part of the budget process and makes adjustments where appropriate. Revenue from charges for services totaled $1,121,642 in 2007 and this increase can be linked to the number of public improvement projects being finalized and assessed in 2007. 2008 proved to be better than expected due to some residential plat activity taking place but the decrease in 2009 was expected due to the struggling economy. EMPLOYMENT The City of Andover's largest employers are government entities. The Anoka - Hennepin School District has a significant presence in the community and Anoka County's Parks and Highway Departments and Sheriffs Office headquarters are located in Andover. The City of Andover is best classified as a bedroom community, since a majority of the residents commute outside of Andover for employment opportunities. The City does anticipate with the development of the Andover Station Commercial Park and other commercial developments that additional employment opportunities will be provided to residents in the near future. Major employers in Andover are as follows: Firm ISD No 11 Anoka-Hennepin Anoka County Parks and Highway Departments Kottkes Bus Service, Inc. Target Columbia Park Medical Group Meadow Creek Christian School Festival Foods Farmstead atAndover City of Andover MAJOR INITIATIVES Type of Business / Product Number of Employees Elementary and secondary education 574 County government and services 378 Bus transportation 200 Retail 167 Medical clinic 107 Private education K -12 100 Grocery store 97 Senior housing and assisted living facilities 94 Municipal government and services 85 FOR THE YEAR. The City has many accomplishments to report for 2009. The following list is a summary of some of the major initiatives completed throughout the year. 1) Implementation of a single - family rental housing license program to provide property owners /landlords with educational materials and checklists on how to inspect and maintain the exterior of the property, a list of potential ordinance violations that may occur with a rental property, and an exterior inspection of the building and grounds with city staff. This program was authorized by the Andover City Council in July 2009 and there were 185 rental licenses issued before year end. 2) Two street reconstruction projects were completed in 2009. The first was 157x' Avenue from Prairie Road to University Avenue using MSA funds and special assessments. The second was a street reconstruction that took place in the north half of the Woodland Meadows development. The project was funded by tax levy and special assessments. In both To the Honorable Mayor and City Council City of Andover, Minnesota projects, the existing bituminous was reclaimed, concrete curb was added in the development, curb was replaced on 157th Avenue, storm sewer structures were replaced or added, and a new bituminous surface was laid. 3) The City Council, along with department heads, participated in strategic planning sessions to develop and prioritize goals for the next two year cycle. The outcome of the sessions was a City slogan "Welcome Home" and the following vision statement: Andover, a safe, growing community in which to live and work which enhances the quality of its citizens' lives through recreational opportunity, quiet neighborhoods, civic involvement, and fiscal and environmental stewardship. 4) Water Treatment Plant expansion consists of plate settlers and a building expansion to house the equipment. The plate settlers will improve the operations of the water treatment plant and make water more readily available for consumption during peak usage times. The addition is projected to be completed and fully functional in early 2010. 5) The Sustainable Landscape Project consisted of beautifying a main corridor through Andover. This roadway has residential properties backing up to it with various types of fencing materials, colors and heights. With the help of city staff, middle school students and residents, self - sustainable shrubs were planted along this corridor to provide a consistent backdrop as people traveled along this roadway through Andover. 6) The City, along with local legislators, authored and successfully made law a new speed limit bill allowing cities to post speed limits in rural residential areas to 35 mph instead of the previous statutory speed limit of 55 mph. 7) The City of Andover was eligible for funding ($23,133) under the Edward Byrne Memorial Justice Assistance Grant (JAG) Formula Program. The City utilized these funds to focus on "crime prevention" programs including expanding our Crime Watch program, acquiring administrative software to help with city code enforcement and for equipment to help with traffic control issues. 8) The City of Andover was designated a Governor's Fit Cio) by Governor Tim Pawlenty. The City earned the recognition by making a commitment to support and encourage its residents to be more physically active and to improve the overall health of the community. 9) In 2009, the City of Andover received The Most Prolific Recycling Program in 2008 award from the Anoka County Board of Commissioners. Andover residents had the highest recycling rate per person (257.25 pounds) for all materials of any Anoka County municipality. 10) As the City reaches the decertification dates of TIE District 1 -1 and 1 -2, City Administration did some basic "housekeeping" to assure that the decertification and final close out reports for the TIE Districts will go smoothly. This was done through a TIE Plan modification to primarily address that fact that a number of years ago, in the late 1980s and throughout the 1990s, the budgets that were adopted for the TIE Districts were under the true "pooling" concept where the budget was not allocated by district but by project. Subsequent to the adoption of those budgets, the Office of the State Auditor (OSA) is requiring the allocation by district instead of by project. Since the new OSA requirement, there has been some confusion as to the most correct way to allocate the budgets. As a result, the City undertook a process for a formal adoption of a budget modification to allocate and confirm the budgets according to the new OSA requirement. 11) The City staff completed various studies as part of a Comprehensive Plan Update including: a park dedication study, sanitary sewer study, water system study and transportation system study. The City, as required, submitted these documents to the Metropolitan Council after the completion of a public hearing and a six -month review by neighboring cities. The Comprehensive Plan Update was approved by the Metropolitan Council in May of 2009. 12) The City Council has adopted a goal to make a concerted effort toward promoting the usage of solar and wind power, including the identification of appropriate sites and installations. City staff is currently researching what could be done with an ordinance to allow wind turbines in the City. 13) The successful hosting of the City's Annual Business Appreciation Day to recognize and build awareness of the local business community and strengthen relationships with this important element of the Andover community. This event was coordinated through the Community Development Department. 14) The City Open Space Commission, appointed to assist in managing the successful $2,000,000 open space referendum ballot in 2006, developed a detailed natural amenity inventory, held informational meetings with residents and made recommendations to the City Council on land that should be purchased as permanent open space in the community. The first purchase will take place in December 2009. To the Honorable Mayor and City Council City of Andover, Minnesota 15) The City's Comprehensive Annual Financial Report (CAFR) for the year ended December 31, 2008 was awarded the Government Finance Officers Association's "Excellence in Financial Reporting Award." The City completes this document internally and recognized significant cost savings in the form of reduced financial consulting fees. This is the seventh consecutive year receiving the award and it is anticipated that the City's CAFR for the year ended December 31, 2009 will also achieve this award. 16) For the eighth year in a row, the City of Andover was awarded the Government Finance Officers Association Distinguished Budget Presentation Award for the City's 2009 Annual Budget. This award recognizes excellence in the preparation of the City's budget document as a policy document, an operations guide, as a financial plan and as a communications device. 17) The City continues to make significant progress after the implementation of new hardware and software to start the process of digital imaging documents retained by the City. The imaging project has helped the City reduce staffing through data storage retrieval efficiencies and eliminated the need for City Hall office expansion. 18) The City continues to utilize updates to our financial management software to improve reporting and operating efficiencies. These updates continue to yield reduced personnel costs and more timely reports. Residential Development New residential development was limited to Cardinal Ridge 2nd Addition, a 14 single- family lot infill project, and a modification of the nearby Woodland Crossings planned unit development to convert five single- family lots into six detached townhouse lots. Plat review was initiated for a planned unit development containing a combination of 36 single- family and detached townhouse lots. However, this application was withdrawn by the applicant during 2009. It is important to note that the City continues to have a reasonable lot supply for a variety of housing options including single- family lots, townhomes and condominium units. Commercial Industrial Development New construction did actually occur in Andover in 2009 from some commercial projects. These projects included review and approval of Kwik Trip convenience store /gas station and car wash, two automotive repair and sales facilities at two existing sites, and the expansion of pipeline facilities for Northern Natural Gas. Completed in 2009 was the Anoka County Law Enforcement Center and Regional Forensic Laboratory with 145,000 square feet and will employ 250 individuals. This facility should increase the traffic flow to the surrounding restaurants and retail stores. FOR THE FUTURE. The City continues to focus on quality of life improvements throughout the City. These efforts cover a broad array of areas including: protecting and improving the environment, revitalization of parks and public areas, expanding recreational opportunities, providing cost - effective city services, increased communication between city representatives and the public and added commercial/retail opportunities. The City utilizes many avenues to reach its residents, whether through community access television, the City newsletter or the City's webpage (www.ci.andover.mn.us). It is important to the City that our residents are informed and have the ability to participate in the activities of their City. The City did conduct a community survey in 2006, with the help of a polling firm, to secure opinions and suggestions from the public. RELEVANT FINANCIAL POLICIES The City has a policy regarding General Fund reserve balances. The City plans for a designated fund balance in the General Fund equivalent to 6- months of the current year's budgeted expenditures to provide working capital between semi - annual property tax settlements. Since the property tax settlements are received by the City in July and December, the City needs sufficient cash reserves to avoid short -term borrowing to finance operations. The City also reserves fund balances for prepaid items, inventories and other legal obligations. The City may also designate a portion of fund balance for special purposes. The primary goal of the City's investment policy is to ensure the safety of the principal invested. Cash temporarily idle during the year is invested in certificates of deposit, commercial paper, and obligations of the U.S. Treasury and government agencies. Cash balances from all City funds are pooled into an investment fund and investment income is distributed on a pro -rata basis at the end of each quarter. Extended maturities are utilized to take advantage of higher yields but staggered in a way to meet projected liquidity needs. Capital financing for major improvements is provided through improvement bonds, general obligation bonds, tax increment bonds, or revenue bonds. Depending on the project, special assessments may be levied upon properties to share in the cost of the improvement project. The special assessments are collected over a period of time and are used to help satisfy the improvement bond debt or reimburse the fund used to finance the project. To the Honorable Mayor and City Council City of Andover, Minnesota The City Council has also adopted financial management policies in order to allow for the planning of adequate funding of services desired by the public, to manage City finances wisely, and to carefully account for public funds. These policies are reviewed each year when the annual budget is adopted. The financial management policies included: operating budget policies; revenue policies; accounting, auditing and financial reporting policies; investment policies; debt policies; capital improvement policies; and risk management policies. The City Council has adopted a comprehensive set of internal control procedures. The City's accounting system was developed and is continually evaluated to assure the adequacy of internal accounting controls. Internal accounting controls are designed to provide reasonable but not absolute assurance in the areas of: safeguarding assets against loss from unauthorized use or disposition, reliability of financial records, and convenience of access for preparing financial statements and maintaining accountability for assets. The concept of reasonable assurance adopted by the City Council recognizes that the evaluation of cost and benefits requires estimates and judgments by management, and the cost of a control should not exceed the benefits likely to be derived. All internal controls are evaluated against the above criteria. It is our belief that the City's internal accounting controls adequately safeguard the City's assets and also provide reasonable assurance of properly recording financial transactions. OTHER INFORMATION AWARDS. The Government Finance Officers Association (GFOA) of the United States and Canada presented a Distinguished Budget Presentation Award to the City of Andover for its annual budget for the fiscal year beginning January 1, 2009. This is the eighth year in a row the City of Andover has received this award. In order to receive this award, a governmental unit must publish a budget document that meets program criteria as a policy document, as an operations guide, as a financial plan and as a communications device. This award is valid for a period of one year only. We believe that the annual budget for the fiscal year beginning January 1, 2010 continues to conform to the program requirements and have submitted it to the GFOA to determine its eligibility for another award. The GFOA also presented the Certificate of Achievement for Excellence in Financial Reporting Award to the City of Andover for its 2008 Comprehensive Annual Financial Report. This is the seventh time the City of Andover has received this award. In order to receive this award, a government unit must publish an easily readable and efficiently organized comprehensive annual financial report whose contents conform to program standards. Such reports must satisfy both generally accepted accounting principles and applicable legal requirements. This award is valid for a period of one year only. We believe this report for 2009 continues to conform to the Certificate of Achievement Program requirements and have submitted it to the GFOA to determine its eligibility for another award. INDEPENDENT AUDIT. State statutes require an annual audit by independent certified public accountants. HLB Tautges Redpath, Ltd. was engaged by the City to render an opinion on the City's financial statements. The auditor's report on the basic financial statements and combining and individual fund statements and schedules is included in the financial section of this report. ACKNOWLEDGMENTS. The preparation of this report could not have been accomplished without the efficient services and dedication of the Finance Department staff and the consultation of the City's auditing firm. Staff members: Lee Brezinka, Melissa Knutson and Brenda Fildes have my sincere appreciation for their contribution to the preparation of this report. I also want to express our appreciation to the Mayor and members of the City Council for their interest and support in planning and conducting the financial operations of the City in a responsible and progressive manner. Respectfully submitted, o- James Dickinson City Administrator CITY OF ANDOVER, MINNESOTA ORGANIZATION December 31, 2009 Office Name Term Mayor Michael Gamache January 4, 2011 Council Member Don Jacobson January 4, 2011 Council Member Michael Knight January 2, 2013 Council Member Sheri Bukkila January 2, 2013 Council Member Julie Trude January 4, 2011 City Administrator / City Clerk James Dickinson Community Development Director Will Neumeister Director of Public Works / City Engineer David Berkowitz Finance Manager Lee Brezinka Building Official Don Olson Fire Chief Dan Winkel Attorney Fiscal Consultants Hawkins & Baumgartner, P.A. Ehlers & Associates, Inc. Ilt Appointed Appointed Appointed Appointed Appointed Appointed Appointed Appointed CITY OF ANDOVER Organizational Chart is Presented to City of • • `' For its Comprehensive Annual Financial Report for the Fiscal Year Ended December 31, 2008 A Certificate of Achievement for Excellence in Financial Reporting is presented by the Government Finance Officers Association of the United States and Canada to government units and public employee retirement systems whose comprehensive annual financial reports (CAFRs) achieve the highest standards in government accounting and financial reporting. W II. FINANCIAL SECTION 13 Tautges Redpath, Ltd. Certified Public Accountants and Consultants INDEPENDENT AUDITOR'S REPORT To the Honorable Mayor and Members of the City Council City of Andover, Minnesota We have audited the accompanying financial statements of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the City of Andover, Minnesota, as of and for the year ended December 31, 2009, which collectively comprise the City of Andover, Minnesota's basic financial statements as listed in the table of contents. These financial statements are the responsibility of the City of Andover, Minnesota's management. Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and the significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinions. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, the business -type activities, each major fund, and the aggregate remaining fund information of the City of Andover, Minnesota, as of December 31, 2009, and the respective changes in financial position, and cash flows, where applicable, thereof, for the year then ended in conformity with accounting principles generally accepted in the United States of America. In accordance with Government Auditing Standards, we have also issued our report dated May 7, 2010 on our consideration of the City of Andover, Minnesota's internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts and grant agreements, and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing and not to provide an opinion on the internal 4810 White Bear Parkway White Bear Lake, Minnesota 55110 I 651 426 7000 651 426 5004 Fax I www.hlbtr.com HLB Tautges Redpath, Ltd. is a member of IM International, a world -wide organization of accounting firms alAusiness advisors. I Equal Opportunity Employer control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards and should be considered in assessing the results of our audit. The Management's Discussion and Analysis and the required supplementary information on pages 16 through 25 and 80 through 84, are not a required part of the basic financial statements but are supplementary information required by accounting principles generally accepted in the United States of America. We have applied certain limited procedures, which consisted principally of inquiries of management regarding the methods of measurement and presentation of the required supplementary information. However, we did not audit the information and express no opinion on it. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City of Andover, Minnesota's basic financial statements. The introductory section, combining and individual nonmajor fund financial statements and schedules, supplementary financial information and statistical section are presented for purposes of additional analysis and are not a required part of the basic financial statements. The combining and individual nonmajor fund financial statements and schedules and supplementary financial information have been subjected toF the auditing procedures applied in the audit of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. The introductory and statistical sections have not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we express no opinion on them: HLB TAUTGES REDPATH, LTD. White Bear Lake, Minnesota May 7, 2010 15 CITY OF ANDOVER, MINNESOTA MANAGEMENT'S DISCUSSION AND ANALYSIS December 31, 2009 As management of the City of Andover, we offer readers of the City's financial statements this narrative overview and analysis of the financial activities of the City for the fiscal year ended December 31, 2009. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal, which can be found on pages 2 through 9 of this report. Financial Hillhlillhts The assets of the City exceeded its liabilities at the close of the most recent fiscal year by $152,904,917 (Net assets). Of this amount, $24,317,392 (unrestricted net assets) may be used to meet the government's ongoing obligations to citizens and creditors in accordance with the City's fund designations and fiscal policies. The City's total net assets increased by $3,399,377, primarily due to the completion of a development project. As of the close of the current fiscal year, the City's governmental funds reported combined ending fund balances of $40,488,075. The City's total long -term liabilities decreased by $1,787,349 during the current fiscal year, primarily due to the scheduled debt service payments made in 2009. Special Debt Capital Ending General Revenue Service Projects Totals Reserved $ 207,515 $ 49,012 $ 20,305,482 $ 401,701 $ 20,963,710 Designated 4,120,897 1,691,625 - 14,839,789 20,652,311 Undesignated - (458,423) - (669,523) (1,127,946) $ 4,328,412 $ 1,282,214 $ 20,305,482 $ 14,571,967 $ 40,488,075 The City's total long -term liabilities decreased by $1,787,349 during the current fiscal year, primarily due to the scheduled debt service payments made in 2009. Overview of the Financial Statements The discussion and analysis are intended to serve as an introduction to the City's basic financial statements. The City's basic financial statements comprise three components: 1) government -wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves. Government -wide financial statements. The government -wide financial statements are designed to provide readers with a broad overview of the City's finances, in a manner similar to a private - sector business. The statement of net assets presents information on all of the City's assets and liabilities, with the difference between the two reported as net assets. Over time, increases or decreases in net assets may serve as a useful indicator of whether the financial position of the City is improving or deteriorating. i Beginning Ending Balance Additions Reductions Balance Governmental activities: Bondspayable $ 52,370,000 $ 1,340,000 $ (3,865,000) $ 49,845,000 Other post employment benefits 36,096 43,966 (12,701) 67,361 Compensated absences 504,893 343,595 (306,882) 541,606 Total governmental activities 52,910,989 1,727,561 (4,184,583) 50,453,967 Business -type activities: Bondspayable 14,680,000 1,025,000 (375,000) 15,330,000 Other post employment benefits 6,370 8,374 (1,914) 12,830 Compensated absences 107,333 58,824 (45,611) 120,546 Total business -type activities 14,793,703 1,092,198 (422,525) 15,463,376 Total City long -term liabilities $ 67,704,692 $ 2,819,759 $ (4,607,108) $ 65,917,343 Overview of the Financial Statements The discussion and analysis are intended to serve as an introduction to the City's basic financial statements. The City's basic financial statements comprise three components: 1) government -wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves. Government -wide financial statements. The government -wide financial statements are designed to provide readers with a broad overview of the City's finances, in a manner similar to a private - sector business. The statement of net assets presents information on all of the City's assets and liabilities, with the difference between the two reported as net assets. Over time, increases or decreases in net assets may serve as a useful indicator of whether the financial position of the City is improving or deteriorating. i CITY OF ANDOVER, MINNESOTA MANAGEMENT'S DISCUSSION AND ANALYSIS December 31, 2009 The statement of activities presents information showing how the City's net assets changed during the most recent fiscal year. All changes in net assets are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g. uncollected taxes and earned but unused vacation leave). Both of the government -wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business -type activities). The governmental activities of the City include general government, public safety, public works, sanitation, parks and recreation, recycling and economic development. The business -type activities of the City include water, sewer and storm sewer. The government -wide financial statements can be found on pages 29 through 31 of this report. Fund Financial statements. A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance- related legal requirements. All of the funds of the City can be divided into three categories: governmental funds, proprietary funds, and fiduciary funds. Governmental funds. Governmental funds are used to account for essentially the same functions reported as governmental activities in the government -wide financial statements. However, unlike the government -wide financial statements, governmental fund financial statements focus on near -term inflows and outflows of spend -able resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government's near -term financial requirements. Because the focus of governmental funds is narrower than that of the government -wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government -wide financial statement. By doing so, readers may better understand the long -term impact of the City's near -term financial decisions. Both the governmental fund balance sheet and governmental fund statement of revenues, expenditures, and change in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The City maintains eight individual major governmental funds. Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances for the following major funds: General Fund, 2006 Economic Development Authority (EDA) Public Facility Lease Revenue Refunding Bonds Debt Service Fund, 2007 EDA Public Facility Lease Revenue Refunding Bonds Debt Service Fund and the following capital projects funds (CPF): Water Trunk, Sewer Trunk, Road and Bridge, Tax Increment Projects and Permanent Improvement Revolving. Data from the other governmental funds are combined into a single, aggregated presentation. Individual fund data for each of these non- major governmental funds is provided in the form of combining statements elsewhere in this report. The City adopts an annual appropriated budget for its general and special revenue funds. A budgetary comparison statement has been provided for those funds to demonstrate compliance with this budget. The basic governmental fund financial statements can be found on pages 32 through 37 of this report. Proprietary funds. When the City charges customers for the services it provided — whether to outside customers or to other departments of the City — these services are generally reported in proprietary funds. Proprietary funds are reported in the same way that all activities are reported in the statement of net assets and the statement of revenues, expenses and changes in net assets. The enterprise funds are the same as the business -type activities reported in the government -wide statements but provide more detail and additional information, such as cash flows, for proprietary funds. The City uses enterprise funds to account for its water, sanitary sewer and storm sewer operations. Internal service funds are used to report activities that provide supplies and services for the City's other departments, such as the equipment maintenance and insurance funds. The internal service funds are reported with governmental activities in the government -wide financial statements. The basic proprietary fund financial statements can be found on pages 38 through 43 of this report. Fiduciary funds. Fiduciary funds are used to account for resources held for the benefit of parties outside the City. Fiduciary funds are not reflected in the government -wide financial statements because the resources of those funds are not available to support the City's own program. The accounting used for fiduciary funds is much like that used for proprietary funds. The basic fiduciary fund financial statement can be found on page 44 of this report 17 CITY OF ANDOVER, MINNESOTA MANAGEMENT'S DISCUSSION AND ANALYSIS December 31, 2009 Notes to the financial statements. The notes provide additional information that is essential to a full understanding of the data provided in the government wide and fund financial statements. The notes to the financial statements can be found on pages 45 through 78 of this report. Other information. The combining statements referred to earlier in connection with non -major governmental funds is presented immediately following the required supplementary information on budgetary comparisons, and on the modified approach for streets and trails infrastructure. Combining and individual fund statements and schedules can be found on pages 85 through 123 of this report. Government -wide Financial Analysis As noted earlier, net assets may serve over time as a useful indicator of a government's financial position. In the case of the City, assets exceeded liabilities by $152,904,917 at the close of the most recent fiscal year. The largest portion of the City's net assets ($120,334,834 or 79 percent) reflects its investment in capital assets (e.g. land, buildings, machinery, and equipment) less any related debt used to acquire those assets that is still outstanding. It does not include any refunding debt that has not met the refunding date of the original issue. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the City's investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. CITY OF ANDOVER'S NET ASSETS Governmental Activities Business -Type Activities Totals 2008 2009 2008 2009 2008 2009 Current and other assets $ 47,312,524 $ 47,775,309 $ 11,067,643 $ 12,286,615 $ 58,380,167 $ 60,061,924 Capital assets 115,149,769 115,419,872 45,716,052 45,699,962 160,865,821 161,119,834 Total assets 162,462,293 163,195,181 56,783,695 57,986,577 219,245,988 221,181,758 Long -term liabilities outstanding 52,910,989 50,453,967 14,793,703 15,463,376 67,704,692 65,917,343 Other liabilities 1,657,287 1,651,643 378,469 707,855 2,035,756 2,359,498 Total liabilities 54,568,276 52,105,610 15,172,172 16,171,231 69,740,448 68,276,841 Net assets: Invested in capital assets, net of related debt 79,644,769 83,394,872 37,606,052 36,939,962 117,250,821 120,334,834 Restricted 8,345,185 8,252,691 - - 8,345,185 8,252,691 Unrestricted 19,904,063 19,442,008 4,005,471 4,875,384 23,909,534 24,317,392 Total net assets $ 107,894,017 $ 111,089,571 $ 41,611,523 $ 41,815,346 $ 149,505,540 $ 152,904,917 A portion of the City's net assets represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net assets ($24,317,392) may be used to meet the City's ongoing obligations to citizens and creditors. At the end of the current fiscal year, the City is able to report positive balances in all three categories of net assets, both for the City as a whole, as well as for its separate governmental and business -type activities. 18 CITY OF ANDOVER, MINNESOTA MANAGEMENT'S DISCUSSION AND ANALYSIS December 31, 2009 Government -wide Activities Governmental activities increased the City's net assets by $3,195,554 and business -type activities increased net assets by $203,823. Key elements of the activities are as follows: City of Andover's Changes in Net Assets Governmental Activities Business -Type Activities Total 2008 2009 2008 2009 2008 2009 Revenues: Program revenues: Charges for services $ 3,080,182 $ 2,923,000 $ 4,153,884 $ 4,421,065 $ 7,234,066 $ 7,344,065 Operating grants and contributions 917,618 966,635 - - 917,618 966,635 Capital grants and contributions 1,069,607 1,631,929 142,133 793,589 1,211,740 2,425,518 General revenues: Property taxes 9,752,701 10,175,519 - - 9,752,701 10,175,519 Tax increment 1,783,270 1,930,669 1,783,270 1,930,669 Grants and contributions not restricted to specific programs 274,402 131,084 - - 274,402 131,084 Unrestricted investments earnings 1,514,012 1,032,507 372,510 373,893 1,886,522 1,406,400 Total revenues 18,391,792 18,791,343 4,668,527 5,588,547 41,851,662 29,048,417 Expenses: General government 2,505,105 2,413,916 - - 2,505,105 2,413,916 Public safety 4,035,884 4,237,401 4,035,884 4,237,401 Public works 5,144,197 3,776,367 5,144,197 3,776,367 Parks and recreation 2,963,218 2,880,595 2,963,218 2,880,595 Recycling 85,397 86,949 85,397 86,949 Economic development 540,285 481,632 540,285 481,632 Interest on long -term debt 2,219,130 2,146,960 - - 2,219,130 2,146,960 Water - - 2,563,781 2,594,713 2,563,781 2,594,713 Sewer 1,794,891 1,831,505 1,794,891 1,831,505 Storm sewer - - 521,975 536,619 521,975 536,619 Total expenses 17,493,216 16,023,820 4,880,647 4,962,837 22,373,863 20,986,657 Increase (decrease) in net assets before gain on the sale of capital assets and transfers 898,576 2,767,523 (212,120) 625,710 686,456 3,393,233 Gain on the sale of capital assets 234,070 6,144 - 234,070 6,144 Transfers 416,874 421,887 (416,874) (421,887) - - Increase in net assets 1,549,520 3,195,554 (628,994) 203,823 920,526 3,399,377 Net assets - beginning 106,344,497 107,894,017 42,240,517 41,611,523 148,585,014 149,505,540 Net assets - ending $ 107,894,017 $ 111,089,571 $ 41,611,523 $ 41,815,346 $ 149,505,540 $ 152,904,917 I1' CITY OF ANDOVER, MINNESOTA MANAGEMENT'S DISCUSSION AND ANALYSIS December 31, 2009 Governmental Activities Following are specific graphs that provide comparisons of the governmental activities revenues and expenses: Governmental Activities - Revenues Unrestricted investments Grants and contributions earnings Chares for services g not restricted for specific 5.5% 15.5% programs 0.7% Gain (loss) on the sale of Tax increment capital assets 10.3% 0.0% Capital grants and contributions 8.7% Illllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll d u u u Operating grants and contributions Property taxes 54.2% W CITY OF ANDOVER, MINNESOTA MANAGEMENT'S DISCUSSION AND ANALYSIS December 31, 2009 Business -Type Activities Business -type activities increased net assets by $203,823. Below are graphs showing the business -type activities revenue and expense comparisons: QI CITY OF ANDOVER, MINNESOTA MANAGEMENT'S DISCUSSION AND ANALYSIS December 31, 2009 Financial Analvsis of the Government's Funds Governmental Funds. The focus of the City's governmental funds is to provide information on near -term inflows, outflows, and balances of spendable resources. Such information is useful in assessing the City's financing requirements. In particular, unreserved fund balance may serve as a useful measure of a government's net resources available for spending at the end of the fiscal year. At the end of the current fiscal year, the City's governmental funds reported combined ending fund balances of $40,488,075. Approximately 48 percent of this total amount ($19,524,365) constitutes unreserved fund balance. The remainder of the fund balance ($20,963,710) is reserved because it has already been committed 1) to provide for prepaid items ($112,054), 2) to provide for inventory ($109,329), 3) to provide for economic development ($9,828), 4) to pay debt service ($20,305,482) and 5) bond proceeds specified for a project ($427,017). Major Funds The general fund increased by $153,377 in 2009, which was a $223,582 change from the final budget. The final budget showed a decrease in fund balance of $70,205. The increase in fund balance is due to employee furloughs and various departments under - spending. The water and sewer trunk capital projects funds fluctuate based on development activity and whether there is any cost sharing for pipe over - sizing, extra depth, etc. In 2009, the water trunk fund expenditures are primarily for the refurbishing of a water tower. The sewer trunk fund continues to receive funds from the sewer enterprise fund to be set aside for future replacements. The road and bridge capital projects fund increased by $697,781 primarily due to the collection of state aid construction dollars for prior year projects. The tax increment capital projects fund increased by $769,297 due to the lack of any improvements taking place in the tax increment districts. The permanent improvement revolving capital projects fund decreased by $284,751 due to the transfer out for debt service payments exceeding special assessment revenues. Nonmajor Funds The community center special revenue fund increased by $165,276 due to the first full year of lease payments. Half of the building is leased to the Greater Minneapolis YMCA and they started making lease payments in 2008. The City received a partial lease payment in 2008 of $235,686 and years 2009 through 2033 will be receiving scheduled lease payments between $626,020 and $635,000 annually with a final lease payment in 2034 of $287,567. Future YMCA lease payments will significantly reduce the City's obligation to finance annual debt service. The 2009A G.O. state aid refunding bonds debt service fund increased by $949,415 due to the issuance of bonds for the purpose of refunding the 2001B state aid bonds on February 1, 2010. The 2005A G.O. improvement bonds debt service fund decreased by $562,810 due to its annual debt service obligations. The open space referendum bonds debt service fund decreased by $156,667 due to the transfer of funds to the open space referendum bonds capital projects fund to offset the purchase of open space. The fluctuation of fund balance for the equipment certificate capital projects funds depends on when the bonds are issued and when the purchases are actually made. The open space referendum bonds capital projects fund decreased by $600,693 due to the acquisition of open space purchased in December 2009 as bonds will not be issued until February 2010. Proprietary funds. The City's proprietary funds provide the same type of information found in the government -wide financial statements, but in more detail. The unrestricted net assets in the respective proprietary funds are enterprise funds of $4,874,224 (water $2,023,075, sewer $2,682,597 and storm sewer $168,552) and internal service funds of $283,335. The enterprise funds had a net increase in net assets in 2009 of $172,651 (water $180,709, sewer $44,079 and storm sewer ($52,137)). Internal service funds had a net increase in net assets of $144,110. W CITY OF ANDOVER, MINNESOTA MANAGEMENT'S DISCUSSION AND ANALYSIS December 31, 2009 Capital Asset and Debt Administration Capital assets. The City's investment in capital assets for its governmental and business type activities as of December 31, 2009, amounts to $161,119,834 (net of accumulated depreciation). This investment in capital assets includes land, buildings, infrastructure, machinery and equipment. The City has elected to use the modified approach as defined in GASB Statement No. 34 for infrastructure reporting for its Pavement Management Program, which includes streets and trails. Under GASB Statement No. 34, eligible infrastructure capital assets are not required to be depreciated under the following requirements: 1) The City manages the eligible infrastructure capital assets using an asset management system with characteristics of (a) an up -to- date inventory; (b) perform condition assessments and summarize the results using a measurement scale; and (c) estimate annual amount to maintain and preserve at the established condition assessment level. 2) The City documents that the eligible infrastructure capital assets are being preserved approximately at or above the established and disclosed condition assessment level. The City's policy is to achieve an average rating of good (56 — 70) for all streets and trails. In the fall of 2009, the City conducted a physical condition assessment of the streets and trails constructed since 1974. This assessment will be completed every three years. As of December 31, 2009, the City's street and trail system was rated at an Overall Condition Index (OCI) of 81, which is higher than the City's policy level. The City's streets and trails are constantly deteriorating resulting from the following factors: (1) traffic using the system; (2) the sun's ultra- violet rays drying out and breaking down the top layer of pavement; (3) utility company /private development trenching operations; (4) water damage from natural precipitation; and (5) frost heave. The City is continuously taking actions to prolong the life of the system through short -term maintenance activities such as pothole patching, crack sealing, seal coating and overlaying. The City expended $1,666,216 on street and trail maintenance for the year ending December 31, 2009. These expenditures delayed deterioration; however, the overall condition of the system increased slightly (80 OCI to an 81 OCI) through these maintenance expenditures. The City has estimated that the amount of annual expenditures required to maintain the City's street and trail system at the average OCI rating of good is approximately $1,150,000. 23 Maintenance Actual OCI Year Estimate Expenditures Rating 2003 $ 950,000 $ 956,688 82 2004 1,000,000 1,847,066 82 2005 1,000,000 1,655,715 83 2006 1,150,000 1,228,9 81 82 2007 1,150,000 1,256,433 81 2008 1,150,000 2,244,713 80 2009 1,150,000 1,666,216 81 23 CITY OF ANDOVER, MINNESOTA MANAGEMENT'S DISCUSSION AND ANALYSIS December 31, 2009 Primary Government Governmental activities: Land and improvements Streets and trails Construction in progress Buildings and improvements Furniture and equipment Machinery and equipment Other park improvements Total capital assets Less accumulated depreciation for: Buildings and improvements Furniture and equipment Machinery and equipment Other park improvements Beginning Balance Additions $ 8,041,308 $ 955,763 79,153,416 394,276 309,414 - 26,381,584 275,875 364,254 46,862 6,418,351 426,863 5,019,920 107,466 Deletions (309,414) (81,484) Ending Balance $ 8,997, 071 79, 547, 692 26,657,459 411,116 6,763,730 5,127,386 125,688,247 2,207,105 (390,898) 127,504,454 4,453,300 893,836 149,055 54,453 4,488,134 419,433 1,447,989 253,746 Total accumulated depreciation 10,538,478 1,621,468 Governmental activities capital assets - net Business -type activities: Land and improvements Construction in progress Buildings and improvements Furniture and equipment Machinery and equipment Collection and distribution Total capital assets being depreciated Less accumulated depreciation for: Buildings and improvements Furniture and equipment Machinery and equipment Collection and distribution - 51347,136 - 203,508 (75,364) 4,832,203 - 1,701,735 (75,364) 12,084,582 115,149,769 585,637 (315,534) 115,419,872 730,243 - - 730,243 - 776,911 - 776,911 14,810,983 - - 14,810,983 61,390 - - 61,390 1,226,773 24,415 - 1,251,188 48,482,600 793,589 - 49,276,189 65,311,989 1,594,915 - 66,906,904 4,596,132 522,319 - 5,118,451 17,221 8,483 - 25,704 817,193 95,125 - 912,318 14,165,391 985,078 - 15,150,469 Total accumulated depreciation 19,595,937 1,611,005 Business -type activities capital assets -net Total capital assets 45,716,052 (16,090) 21, 206, 942 45, 699, 962 $ 160,865,821 $ 569,547 $ (315,534) $ 161,119,834 Additional information on the City's capital assets can be found in Note 5. Long -term debt. At the end of the current fiscal year, the City had total long -term debt outstanding of $65,837,152, a decrease of $1,825,074 from 2008. General obligation revenue bonds ($50,825,000) were used to finance the construction of the water treatment facility and the community center, and the refunding of portions of the community center bonds and water treatment facility bonds. Special assessment bonds ($2,450,000) financed improvement projects within the City and are assessed to the benefiting properties. Tax increment bonds ($2,515,000) financed the City's economic development plan within tax increment districts. Certificates of indebtedness ($1,420,000) financed capital equipment purchases. Capital improvement bonds ($2,775,000) financed the construction of Fire Station #3, the purchase of the Public Works building from the EDA and some improvements done at the Public Works building and City Hall. Permanent improvement 24 CITY OF ANDOVER, MINNESOTA MANAGEMENT'S DISCUSSION AND ANALYSIS December 31, 2009 revolving bonds ($2,635,000) financed improvement projects within the City and are assessed to the benefiting properties. State aid bonds ($2,555,000) were used to finance Municipal State Aid (MSA) eligible road projects and the refunding of portions of the state aid bonds. Additional long -term debt in the amount of $662,152 is for compensated absences. City of Andover's Outstanding Debt The City maintains an AA+ rating with a stable outlook from Standard and Poor's. State statutes limit the amount of general obligation debt a Minnesota city may issue to 3% of total Estimated Taxable Market Value. The current debt limitation for the City is $89,477,868. Only $21,716,412 of the City's outstanding debt is counted within the statutory limitation. Additional information on the City's long -term debt can be found in Note 6 and 7. Requests for information. This financial report is designed to provide a general overview of the City of Andover's finances for all those with an interest in the government's finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the City of Andover, Attn: Finance Manager, 1685 Crosstown Boulevard NW, Andover, Minnesota 55304 or by calling 763 - 755 -5100. W Governmental Business -Type Activities Activities Total Bonds payable: G. 0. revenue bonds $ 35,495,000 $ 15,330,000 $ 50,825,000 Special assessment bonds 2,450,000 - 2,450,000 Tax increment bonds 2,515,000 2,515,000 Certificates of indebtedness 1,420,000 1,420, 000 Capital improvement bonds 2,775,000 2,775,000 Permanent improvement revolving bonds 2,635,000 2,635,000 State aid bonds 2,555,000 2,555,000 Total bonds payable 49,845,000 15,330,000 65,175, 000 Compensated absences 541,606 120,546 662,152 Total $ 50,386,606 $ 15,450,546 $ 65,837,152 The City maintains an AA+ rating with a stable outlook from Standard and Poor's. State statutes limit the amount of general obligation debt a Minnesota city may issue to 3% of total Estimated Taxable Market Value. The current debt limitation for the City is $89,477,868. Only $21,716,412 of the City's outstanding debt is counted within the statutory limitation. Additional information on the City's long -term debt can be found in Note 6 and 7. Requests for information. This financial report is designed to provide a general overview of the City of Andover's finances for all those with an interest in the government's finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the City of Andover, Attn: Finance Manager, 1685 Crosstown Boulevard NW, Andover, Minnesota 55304 or by calling 763 - 755 -5100. W - This page intentionally left blank - 41 BASIC FINANCIAL STATEMENTS 27 - This page intentionally left blank - 28 CITY OF ANDOVER, MINNESOTA STATEMENT OF NET ASSETS December 31, 2009 Assets: Cash and investments Cash and investments with escrow agent Accrued interest Due from other governmental units Accounts receivable - net Prepaid items Property taxes receivable: Unremitted Delinquent Special assessments receivable: Unremitted Delinquent Deferred Notes receivable Inventories - at cost Capital assets - net Nondepreciable Depreciable Total assets Liabilities: Interfund payable Accounts payable Contracts payable Developer advances Deposits payable Due to other governmental units Salaries payable Unearned revenue Accrued interest payable Other post employment benefits: Due in more than one year Compensated absences: Due within one year Due in more than one year Bonds /notes payable: Due within one year Due in more than one year Total liabilities Primary Government Government Business -Type Activities Activities Statement I Totals 2009 2008 $ 22,203,836 $ 4,542,444 $ 26,746,280 $ 24,921,129 18,137,575 6,492,264 24,629,839 23,687,343 373,773 125,253 499,026 738,135 33,371 7,700 41,071 77,448 235,237 990,651 1,225,888 1,231,482 113,804 21,500 135,304 136,665 139,326 - 139,326 93,071 312,988 - 312,988 326,285 1,026 3,202 4,228 2,662 132,568 70,431 202,999 174,810 4,393,638 - 4,393,638 5,265,719 1,525,773 - 1,525,773 1,537,488 172,394 33,170 205,564 187,930 88,544,763 1,507,154 90,051,917 88,234,381 26,875,109 44,192,808 71,067,917 72,631,440 163,195,181 57,986,577 221,181,758 219,245,988 1,160 (1,160) - - 175,628 47,466 223,094 200,075 203,439 333,586 537,025 233,292 20,000 - 20,000 10,000 51,701 2,234 53,935 59,639 103,149 26,164 129,313 108,041 144,789 21,805 166,594 133,796 59,227 - 59,227 97,172 892,550 277,760 1,170,310 1,193,741 67,361 12,830 80,191 42,466 54,161 12,054 66,215 61,222 487,445 108,492 595,937 551,004 6,709,000 455,000 7,164,000 4,240,000 43,136,000 14,875,000 58,011,000 62,810,000 52,105,610 16,171,231 68,276,841 69,740,448 Net assets: Invested in capital assets, net of related debt 83,394,872 36,939,962 120,334,834 117,250,821 Restricted for: Debt service 2,078,837 - 2,078,837 2,860,501 Capital improvements 427,017 427,017 485,494 Tax increment purposes 5,746,837 - 5,746,837 4,999,190 Unrestricted 19,442,008 4,875,384 24,317,392 23,909,534 Total net assets $ 111,089,571 $ 41,815,346 $ 152,904,917 $ 149,505,540 The accompanying notes are an integral part of these financial statements CITY OF ANDOVER, MINNESOTA STATEMENT OF ACTIVITIES For The Year Ended December 31, 2009 Functions /Programs Primary government: Government activities: General government Public safety Public works Parks and recreation Recycling Economic development Interest on long -term debt Total government activities Business -type activities: Water Sewer Storm sewer Total business -type activities Total primary government Program Revenues Charges Operating Capital For Grants and Grants and Expenses $ 2,413,916 $ 483,639 4,237,401 412,113 3,776,367 316,451 2,880,595 1,495,779 86,949 29,479 481,632 185,539 2,146,960 - 16,023,820 2,923,000 2,594,713 2,127,676 1,831,505 1,967,997 536,619 325,392 4,962,837 4,421,065 $ 20,986,657 $ 7,344,065 The accompanying notes are an integral part of these financial statements. Kid $ 9,783 $ 306,874 - 593,511 1,529,786 - 102,143 56,467 - 966,635 1,631,929 $ 966,635 338,740 280,801 174,048 793,589 $ 2,425,518 General revenues: General property taxes Tax increment collections Grants and contributions not restricted to specific programs Unrestricted investment earnings Gain on sale of capital assets Transfers Total general revenues, gain on sale of capital assets and transfers Change in net assets Net assets - beginning Net assets - ending Statement 2 Net (Expense) Revenue and Changes in Net Assets Primary Government Governmental Business -Type Totals $ (1,920,494) $ $ (1,920,494) $ (1,858,024) (3,518,414) (3,518,414) (2,964,200) (1,336,619) (1,336,619) (3,321,024) (1,282,673) (1,282,673) (1,733,379) (1,003) (1,003) (1,920) (296,093) (296,093) (328,132) (2,146,960) (2,146,960) (2,219,130) (10,502,256) (10,502,256) (12,425,809) (128,297) 417,293 (37,179) 251,817 (10,502,256) 251,817 10,175,519 1,930,669 131,084 - 1,032,507 373,893 6,144 - 421,887 (421,887) 13,697,810 (47,994) 3,195,554 203,823 107,894,017 41,611,523 $ 111,089,571 $ 41,815,346 M (128,297) 417,293 (37,179) 251,817 (10,250,439) 10,175,519 1,930,669 131,084 1,406,400 6,144 13,649,816 3,399,377 149,505,540 $ 152,904,917 (576,349) 216,569 (224,850) (584,630) (13,010,439) 9,752,701 1,783,270 274,402 1,886,522 234,070 13,930,965 920,526 148,585,014 $ 149,505,540 CITY OF ANDOVER, MINNESOTA BALANCESHEET GOVERNMENTALFUNDS December 31, 2009 Liabilities and Fund Balances Liabilities: Interfund payable - 2006 EDA Public 2007 EDA Public Accounts payable 84,174 - - - Facility Lease Facility Lease 138,104 Developer advances - Revenue Revenue Deposits payable 11,892 5,741 5,741 Refunding Bonds Refunding Bonds Water Trunk Sewer Trunk Salaries payable General DSF DSF CPF CPF Assets: 78,510 Total liabilities 522,779 5,000 5,000 487,411 84,794 Cash and investments $ 3,586,725 $ 583 $ 583 $ 2,746,377 $ 2,514,380 Cash and investments with escrow agent - 9,760,092 6,705,279 - - Accrued interest 10,155 176,331 121,224 10,571 11,788 Due from other governmental units 33,371 - - - - Accounts receivable - net 74,449 - - - - Interfund receivable 670,000 Designated: 61,000 615,000 Prepaid items 103,804 - - Property taxes receivable: - Capital projects funds 2,673,600 3,134,884 Unremitted 68,275 Delinquent 183,242 - Special assessments receivable: Unremitted 446 40 Delinquent 17,013 13,611 - Deferred - 329,412 78,510 Notes receivable - - - Inventories - at cost 103,711 - - - Total assets 4,851,191 9,937,006 6,827,086 3,161,011 3,219,678 Liabilities and Fund Balances Liabilities: Interfund payable - 5,000 5,000 Accounts payable 84,174 - - - Contracts payable 20,165 138,104 Developer advances - - - Deposits payable 11,892 5,741 5,741 Due to other governmental units 86,360 543 543 Salaries payable 119,934 - - Deferred revenue 200,254 - 343,023 78,510 Total liabilities 522,779 5,000 5,000 487,411 84,794 Fund balances: Reserved for: Prepaid items 103,804 - - - - Inventory 103,711 Economic development - - - Debt service 9,932,006 6,822,086 Projects - - - Unreserved reported in: Designated: General fund 4,120,897 Special revenue funds - - - Capital projects funds 2,673,600 3,134,884 Undesignated: Special revenue funds Capital projects funds Total fund balances 4,328,412 9,932,006 6,822,086 2,673,600 3,134,884 Total liabilities and fund balances $ 4,851,191 $ 9,937,006 $ 6,827,086 $ 3,161,011 $ 3,219,678 Fund balance reported above Amounts reported for governmental activities in the statement of net assets are different because: Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds. Other long -term assets are not available to pay for current- period expenditures and, therefore, are deferred in the funds. Internal service funds are used by management to charge the cost of equipment maintenance and insurance to individual funds. The assets and liabilities are included in the governmental activities statement of net assets along with a deduction of net revenue attributable to business -type activities. Long -term liabilities, including bonds payable and other post employment benefits, are not due and payable in the current period and, therefore, are not reported in the funds. Net assets of governmental activities The accompanying notes are an integral part of these financial statements. W Statement 3 $ 40,488,075 $ 39,286,726 115,419,872 115,149,769 6,245,966 7,123,097 282,175 169,237 (51,346,517) (53,834,812) $ 111,089,571 $ 107,894,017 33 Tax Permanent Road & Increment Improvement Other Intra Totals Bridge Projects Revolving Governmental Activity Governmental Funds CPF CPF CPF Funds Eliminations 2009 2008 $ 3,218,237 $ 4,265,724 $ 1,338,657 $ 4,290,037 $ $ 21,961,303 $ 21,521,788 - - - 1,672,204 18,137,575 17,194,324 9,886 12,903 4,588 15,510 372,956 610,742 - - - - 33,371 69,842 160,788 235,237 203,914 - (1,346,000) - - - - 8,250 112,054 114,915 9,926 37,249 23,876 139,326 93,071 32,195 30,247 67,304 312,988 326,285 540 - - - 1,026 272 6,288 - 62,668 32,988 132,568 112,605 1,261,293 1,032 2,329,456 393,935 4,393,638 5,265,719 30,761 1,431,000 - 64,012 1,525,773 1,537,488 - - - 5,618 109,329 93,836 4,569,126 5,778,155 3,735,369 6,734,522 (1,346,000) 47,467,144 47,144,801 - - - 1,336,000 (1,346,000) - - - 3,513 72,275 159,962 160,575 41,742 - 3,428 203,439 219,503 - 20,000 - 20,000 10,000 - - 28,327 51,701 55,955 1,685 7,805 3,358 100,294 84,844 - - - 18,546 138,480 106,929 1,330,537 1,343,279 2,392,124 617,466 6,305,193 7,220,269 1,373,964 1,374,597 2,392,124 2,079,400 (1,346,000) 6,979,069 7,858,075 - - - 8,250 112,054 114,915 5,618 109,329 93,836 9,828 9,828 2,260 3,551,390 20,305,482 20,132,603 427,017 427,017 604,494 - 4,120,897 3,981,230 - - - 1,691,625 1,691,625 1,540,720 3,195,162 4,403,558 1,343,245 89,340 14,839,789 13,483,426 - - - (458,423) (458,423) (599,461) - - (669,523) (669,523) (67,297) 3,195,162 4,403,558 1,343,245 4,655,122 40,488,075 39,286,726 $ 4,569,126 $ 5,778,155 $ 3,735,369 $ 6,734,522 $ (1,346,000) $ 47,467,144 $ 47,144,801 $ 40,488,075 $ 39,286,726 115,419,872 115,149,769 6,245,966 7,123,097 282,175 169,237 (51,346,517) (53,834,812) $ 111,089,571 $ 107,894,017 33 CITY OF ANDOVER, MINNESOTA STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE GOVERNMENTALFUNDS For The Year Ended December 31, 2009 The accompanying notes are an integral part of these financial statements. 34 2006 EDA Public 2007 EDA Public Facility Lease Facility Lease Revenue Revenue Refunding Bonds Refunding Bonds Water Trunk Sewer Trunk General DST DST CPF CPF Revenues: General property taxes $ 6,588,601 $ $ $ $ Tax increment collections - Licenses and permits 291,903 Intergovernmental 595,002 - - Special assessments - 39,164 24,572 Charges for services 701,289 - - Fines 110,779 - - - Investment income 76,772 423,092 290,834 63,106 83,072 Miscellaneous: Park dedication fees - - - - - Connection charges - 18,033 2,086 Other 130,523 - - - 2,996 Total revenues 8,494,869 423,092 290,834 120,303 112,726 Expenditures: Current: General government 2,161,367 - - - - Public safety 4,005,406 - - Public works 1,428,549 234,909 60,972 Parks and recreation 835,636 - - Recycling 85,527 Economic development - Unallocated 19,540 Capital outlay: General government - Public safety Public works - Parks and recreation 2,397 Economic development - Debt service: Principal retirement - - Interest 424,228 291,983 Paying agent fees 2,000 2,000 Professional services - - - - - Total expenditures 8,538,422 426,228 293,983 234,909 60,972 Revenues over (under) expenditures (43,553) (3,136) (3,149) (114,606) 51,754 Other financing sources (uses): Transfers in 196,930 350,000 Transfers out - (165,643) - Bonds issued Refunding bonds issued Bond premium Proceeds from the sale of capital assets - - Total other financing sources (uses) 196,930 (165,643) 350,000 Net increase (decrease) in fund balance 153,377 (3,136) (3,149) (280,249) 401,754 Fund balance - January 1 4,175,035 9,935,142 6,825,235 2,953,849 2,733,130 Fund balance - December 31 $ 4,328,412 $ 9,932,006 $ 6,822,086 $ 2,673,600 $ 3,134,884 The accompanying notes are an integral part of these financial statements. 34 Statement 4 0 Tax Permanent Road & Increment Improvement Other Intra Totals Bridge Projects Revolving Governmental Activity Governmental Funds CPF CPF CPF Funds Eliminations 2009 2008 $ 1,135,262 $ - $ $ 2,444,280 $ $ 10,168,143 $ 9,695,103 - 1,951,343 - 1,951,343 1,762,119 - - - 291,903 525,339 741,105 66,362 - 252,145 1,654,614 1,175,205 359,494 1,096 937,758 59,507 1,421,591 1,638,006 - - - 878,370 1,579,659 1,724,052 - - - 110,779 104,930 79,615 (74,217) 15,315 72,094 1,029,683 1,508,265 - - 41,216 41,216 133,585 - - - 20,119 254,903 13,553 - 20,678 881,703 (30,600) 1,018,853 800,857 2,329,029 1,944,584 973,751 4,629,315 (30,600) 19,287,903 19,322,364 - - - 81,295 2,242,662 2,366,574 - - 10,004 4,015,410 3,796,965 1,603,296 28,502 188,904 3,545,132 4,843,288 - - 1,055,489 1,891,125 1,953,822 - - 85,527 86,631 355,287 122,361 477,648 538,293 - - 19,540 17,999 35,640 35,640 368,094 - 299,319 299,319 - 37,352 138,766 176,118 657,837 - 1,006,470 1,008,867 355,053 - - 79,678 3,865,000 3,865,000 3,460,000 1,462,022 2,178,233 2,253,223 5,794 9,794 11,645 - - - 29,471 29,471 4,000 1,640,648 355,287 28,502 8,300,535 19,879,486 20,793,102 688,381 1,589,297 945,249 (3,671,220) (30,600) (591,583) (1,470,738) 9,400 - - 2,750,141 (2,718,941) 587,530 580,343 - (820,000) (1,230,000) (699,541) 2,749,541 (165,643) (163,469) 385,000 - 385,000 630,000 955,000 955,000 - 18,781 18,781 - - 12,264 - 12,264 553,879 9,400 (820,000) (1,230,000) 3,421,645 30,600 1,792,932 1,600,753 697,781 769,297 (284,751) (249,575) - 1,201,349 130,015 2,497,381 3,634,261 1,627,996 4,904,697 39,286,726 39,156,711 $ 3,195,162 $ 4,403,558 $ 1,343,245 $ 4,655,122 $ $ 40,488,075 $ 39,286,726 0 - This page intentionally left blank - M CITY OF ANDOVER, MINNESOTA RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS For The Year Ended December 31, 2009 Statement 5 2009 2008 Amounts reported for governmental activities in the statement of activities (page 35) are different because: Net changes in fund balances - total governmental funds (page 35) $ 1,201,349 $ 130,015 Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense. This is the amount by which capital outlays exceeded depreciation in the current period. (101,524) (144,513) The net effect of various miscellaneous transactions involving capital assets is to increase (decrease) net assets (i.e., sales, trade -ins, and donations). 371,627 (326,623) Revenues in the statement of activities that do not provide current financial resources are not reported as revenues in the funds. (877,131) (936,319) The issuance of long -term debt (e.g., bonds, leases) provides current financial resources to governmental funds, while the repayment of the principal of long -term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net assets. This amount is the net effect of these differences in the treatment of long -term debt and related items. 2,525,000 2,830,000 Vested post employment benefits are reported in the governmental funds when amounts are paid. The statement of activities reports the benefits earned during the years. This amount (31,265) (36,096) is the net effect of employee benefits earned and paid during the year. Some expenses reported in the statement of activities do not require use of current financial resources and, therefore, are not reported as expenditures in governmental funds. (5,440) 39,051 Internal service funds are used by management to charge the cost of equipment maintenance and insurance to individual funds. This amount is the portion of net revenue attributable to governmental activities. 112,938 (5,995) Change in net assets of governmental activities (page 31) $ 3,195,554 $ 1,549,520 The accompanying notes are an integral part of these financial statements. 37 CITY OF ANDOVER, MINNESOTA STATEMENT OF NET ASSETS PROPRIETARY FUNDS December 31, 2009 38 Water Sewer Storm Sewer Assets: Current assets: Cash and cash equivalents $ 2,356,254 $ 2,093,701 $ 92,489 Restricted assets: Cash and cash equivalents 6,492,264 - - Accrued interest 118,144 6,873 236 Due from other governmental units - 7,700 - Accounts receivable - net 306,387 586,978 97,286 Prepaid items 10,000 11,500 - Special assessments receivable: Unremitted 1,581 1,452 169 Delinquent 21,957 44,357 4,117 Inventories - at cost 33,170 - - Total current assets 9,339,757 2,752,561 194,297 Noncurrent assets: Capital assets: Land 730,243 - - Buildings and structures 14,810,983 - - Machinery and equipment 322,939 517,798 471,841 Distribution and collection system 15,606,149 23,734,262 9,935,778 Construction in progress 776,911 - - Total capital assets 32,247,225 24,252,060 10,407,619 Less: Allowance for depreciation (9,758,579) (8,250,455) (3,197,908) Total noncurrent assets 22,488,646 16,001,605 7,209,711 Total assets 31,828,403 18,754,166 7,404,008 Liabilities: Current liabilities: Accounts payable 40,898 6,524 44 Contracts payable 324,733 4,362 4,491 Deposits payable 2,234 - - Interest payable 277,760 - Due to other governmental units 19,290 6,874 - Salaries payable 10,616 8,712 2,477 Bonds payable - due within one year 455,000 - - Compensated absences payable - due within one year 6,313 3,868 1,873 Total current liabilities 1,136,844 30,340 8,885 Noncurrent liabilities: Other post employment benefits - due in more than one year 8,019 4,811 - Bonds payable - due in more than one year 14,875,000 - - Compensated absences payable - due in more than one year 56,819 34,813 16,860 Total noncurrent liabilities 14,939,838 39,624 16,860 Total liabilities 16,076,682 69,964 25,745 Net assets: Invested in capital assets, net of related debt 13,728,646 16,001,605 7,209,711 Unrestricted 2,023,075 2,682,597 168,552 Total net assets $ 15,751,721 $ 18,684,202 $ 7,378,263 Net assets reported above Amounts reported for business -type activities in the statement of net assets are different because: Internal service funds are used by management to charge the cost of equipment maintenance and insurance to individual funds. This amount is the portion of net revenue attributable to business -type activities. Net assets of business -type activities The accompanying notes are an integral part of these financial statements. 38 Statement 6 Totals Governmental Activities - Totals Internal Service Funds 2009 2008 2009 2008 $ 4,542,444 $ 3,299,931 $ 242,533 $ 99,410 6,492,264 6,493,019 - - 125,253 126,280 817 1,113 7,700 7,606 - - 990,651 1,027,568 - - 21,500 20,000 1,750 1,750 3,202 2,390 - - 70,431 62,205 - - 33,170 28,644 63,065 65,450 12,286,615 11,067,643 308,165 167,723 730,243 730,243 - - 14,810,983 14,810,983 1,312,578 1,288,163 49,276,189 48,482,600 776,911 - 66,906,904 65,311,989 (21,206,942) (19,595,937) 45,699,962 45,716,052 57,986,577 56,783,695 308,165 167,723 47,466 17,240 15,666 22,260 333,586 13,789 - - 2,234 3,684 277,760 269,918 - - 26,164 23,097 2,855 100 21,805 20,729 6,309 6,138 455,000 375,000 - - 12,054 10,733 1,176,069 734,190 24,830 28,498 12,830 6,370 - - 14,875,000 14,305,000 108,492 96,600 14,996,322 14,407,970 16,172,391 15,142,160 24,830 28,498 36,939,962 37,529,071 - - 4,874,224 4,112,464 283,335 139,225 $ 41,814,186 $ 41,641,535 $ 283,335 $ 139,225 $ 41,814,186 $ 41,641,535 1,160 (30,012) $ 41,815,346 $ 41,611,523 W" CITY OF ANDOVER, MINNESOTA STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS PROPRIETARY FUNDS For The Year Ended December 31, 2009 Net changes in net assets reported above Amounts reported for business -type activities in the statement of activities are different because: Internal service funds are used by management to charge the cost of equipment maintenance and insurance to individual funds. This amount is the portion of net revenue attributable to business -type activities. Change in net assets of business -type activities The accompanying notes are an intregral part of these financial statements. 40 Water Sewer Storm Sewer Operating revenues: User charges $ 2,095,070 $ 1,961,118 $ 321,316 Meters 11,058 - - Permit fees 2,350 - - Penalties 6,605 6,879 1,008 Other 12,593 - 3,068 Total operating revenues 2,127,676 1,967,997 325,392 Operating expenses: Personal services 408,021 310,157 209,259 Supplies 171,718 17,973 27,345 Other service charges 534,409 120,659 62,602 Disposal charges - 893,462 - Depreciation 856,589 510,071 244,345 Total operating expenses 1,970,737 1,852,322 543,551 Operating income (loss) 156,939 115,675 (218,159) Nonoperating revenues (expenses): Investment income 327,636 44,283 1,974 Bond premium 1,975 - - Interest expense (659,974) - - Total nonoperating revenues (expenses) (330,363) 44,283 1,974 Income (loss) before contributions and transfers (173,424) 159,958 (216,185) Capital contributions 338,740 280,801 174,048 Transfers: Transfers in 165,643 - - Transfers out (150,250) (396,680) (10,000) Total transfers 15,393 (396,680) (10,000) Change in net assets 180,709 44,079 (52,137) Net assets - January 1 15,571,012 18,640,123 7,430,400 Net assets - December 31 $ 15,751,721 $ 18,684,202 $ 7,378,263 Net changes in net assets reported above Amounts reported for business -type activities in the statement of activities are different because: Internal service funds are used by management to charge the cost of equipment maintenance and insurance to individual funds. This amount is the portion of net revenue attributable to business -type activities. Change in net assets of business -type activities The accompanying notes are an intregral part of these financial statements. 40 Statement 7 Totals Intra Governmental Activities - Activity Totals Internal Service Funds Eliminations 2009 2008 2009 2008 $ $ 4,377,504 $ 4,119,838 $ 961,722 $ 808,392 11,058 12,252 - - 2,350 2,650 14,492 18,349 - - 15,661 796 34,933 13,148 4,421,065 4,153,885 996,655 821,540 927,437 860,314 325,777 311,804 217,036 241,087 244,820 286,800 (30,600) 687,070 660,282 284,772 234,140 893,462 862,827 - - 1,611,005 1,607,777 - (30,600) 4,336,010 4,232,287 855,369 832,744 30,600 85,055 (78,402) 141,286 (11,204) - 373,893 372,510 2,824 5,747 1,975 - - - (659,974) (648,899) - - (284,106) (276,389) 2,824 5,747 30,600 (199,051) (354,791) 144,110 (5,457) - 793,589 142,133 - 165,643 163,469 (30,600) (587,530) (580,343) (30,600) (421,887) (416,874) - 172,651 (629,532) 144,110 (5,457) 41,641,535 42,271,067 139,225 144,682 $ $ 41,814,186 $ 41,641,535 $ 283,335 $ 139,225 $ 172,651 $ (629,532) 31,172 538 $ 203,823 $ (628,994) CSI CITY OF ANDOVER MINNESOTA STATEMENT OF CASH FLOWS PROPRIETARY FUNDS For The Year Ended December 31, 2009 Cash flows from operating activities: Receipts from customers and users Payment to suppliers Payment to employees Net cash flows from operating activities Cash flows from noncapital financing activities: Receipt of advances from other funds Payment of advances to other funds Transfers in Transfers out Net cash flows from noncapital financing activities Cash flows from capital and related financing activities: Acquisition of capital assets Interest paid on debt Receipt of bonds Receipt of bond premium Payment of bonds Net cash flows from capital and related financing activities Cash flows from investing activities: Investment income Net increase in cash and cash equivalents Cash and cash equivalents - January 1 Cash and cash equivalents - December 31 Reconciliation of operating income to net cash provided (used) by operating activities: Operating income (loss) Adjustments to reconcile operating income (loss) to net cash flows from operating activities: Depreciation Changes in assets and liabilities: Decrease (increase) in due from other governmental units Decrease (increase) in accounts receivable Decrease (increase) in prepaid items Decrease (increase) in special assessments Decrease (increase) in inventory Increase (decrease) in accounts payable Increase (decrease) in contracts payable Increase (decrease) in deposits payable Increase (decrease) in due to other governmental units Increase (decrease) in salaries payable Increase (decrease) in other post employment benefits Increase (decrease) in compensated absences Total adjustments Net cash provided (used) by operating activities Noncash investing, capital and financing activities: Assets contributed to the Enterprise Funds The accompanying notes are an integral part of these financial statements. El Water Sewer Storm Sewer $ 2,193,431 $ 1,936,536 $ 318,883 (365,707) (1,026,200) (90,647) (395,430) (303,710) (207,548) 1,432,294 606,626 20,688 165,643 (150,250) (396,680) (10,000) 15,393 (396,680) (10,000) (776,911) (7,322) (17,093) (652,132) 1,025,000 1,975 (375,000) (777,068) (7,322) (17,093) 325,045 47,717 2,158 995,664 250,341 (4,247) 7,852,854 1,843,360 96,736 $ 8,848,518 $ 2,093,701 $ 92,489 $ 156,939 $ 115,675 $ (218,159) 856,589 510,071 244,345 - (94) - 57,691 (14,887) (5,887) 1,750 (3,250) - 8,064 (16,480) (622) (4,526) - - 25,949 5,626 (1,349) 317,024 2,124 649 (1,450) - - 1,673 1,394 - 366 285 425 4,197 2,263 - 8,028 3,899 1,286 1,275,355 490,951 238,847 $ 1,432,294 $ 606,626 $ 20,688 $ 338,740 $ 280,801 $ 174,048 Statement 8 43 Totals Govemmental Activities - Totals Internal Service Funds 2009 2008 2009 2008 $ 4,448,850 $ 4,081,514 $ 996,655 $ 821,540 (1,482,554) (1,822,376) (531,046) (517,411) (906,688) (830,466) (325,606) (310,304) 2,059,608 1,428,672 140,003 (6,175) - - (60,000) (20,000) - - 60,000 20,000 165,643 163,469 - - (556,930) (551,194) (391,287) (387,725) (801,326) (131,066) (652,132) (654,374) 1,025,000 1,975 (375,000) (360,000) (801,483) (1,145,440) - 374,920 369,241 3,120 5,391 1,241,758 264,748 143,123 (784) 9,792,950 9,528,202 99,410 100,194 $ 11,034,708 $ 9,792,950 $ 242,533 $ 99,410 $ 54,455 $ (107,551) $ 141,286 $ (11,204) 1,611,005 1,607,777 - (94) (441) 36,917 (52,612) (1,500) (3,500) (9,038) (19,318) - - (4,526) (5,883) 2,385 1,425 30,226 (17,978) (6,594) 2,104 319,797 (2,902) (100) (1,450) 1,450 - - 3,067 (218) 2,755 100 1,076 6,373 171 1,500 6,460 6,370 - - 13,213 17,105 - 2,005,153 1,536,223 (1,283) 5,029 $ 2,059,608 $ 1,428,672 $ 140,003 $ (6,175) $ 793,589 $ 142,133 $ - $ 43 CITY OF ANDOVER, MINNESOTA STATEMENT OF FIDUCIARY NET ASSETS FIDUCIARY FUNDS Agency Funds December 31, 2009 Assets: Cash and investments Liabilities: Accounts payable Deposits payable Total liabilities Statement 9 2009 2008 $ 249,921 $ 488,385 131 11,001 249,790 477,384 $ 249,921 $ 488,385 The accompanying notes are an integral part of these financial statements. 44 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 Note 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The City of Andover was incorporated in 1974 and operates under the State of Minnesota Statutory Plan A form of government. The governing body consists of a five- member City council elected by voters of the City. The financial statements of the City have been prepared in conformity with generally accepted accounting principles as applied to governmental units by the Governmental Accounting Standards Board (GASB). The following is a summary of the significant accounting policies. A. FINANCIAL REPORTING ENTITY As required by generally accepted accounting principles, the financial statements of the reporting entity include those of the City (the primary government) and its component units. The component units discussed below are included in the City's reporting entity because of the significance of their operational or financial relationships with the City. COMPONENT UNITS In conformity with generally accepted accounting principles, the financial statements of the component units have been included in the financial reporting entity as blended component units. The Andover Economic Development Authority (EDA) is an entity legally separate from the City. However, for financial reporting purposes, the EDA is reported as if it were part of the City's operations because the members of the City Council serve as EDA Board Members and its purpose is to promote development within the City. The activity of the EDA is reported in the EDA General Special Revenue Fund. Separate financial statements are not prepared for the EDA. B. GOVERNMENT -WIDE AND FUND FINANCIAL STATEMENTS The government -wide financial statements (i.e., the statement of net assets and the statement of changes in net assets) report information on all of the nonfiduciary activities of the primary government and its component units. For the most part, the effect of interfund activity has been removed from these statements. Governmental activities, which normally are supported by taxes and intergovernmental revenues, are reported separately from business -o pe activities, which rely to a significant extent on fees and charges for support. The statement of activities demonstrates the degree to which the direct expenses of a given function or business -type activity are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or business -type activity. Program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or business -type activity and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or business -type activity. Taxes and other items not included among program revenues are reported instead as general revenues. Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government -wide financial statements. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. C. MEASUREMENT FOCUS, BASIS OF ACCOUNTING, AND FINANCIAL STATEMENT PRESENTATION The government -wide financial statements are reported using the economic resources measurement focus and the accrual basis Of accounting, as are the Proprietary Fund financial statements. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. The City's only fiduciary funds are agency funds. Agency funds are custodial in nature (assets equal liabilities) and do not involve measurement of results of operations. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the City considers all revenues, except reimbursement grants, to be available if they are EIR CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 collected within 60 days of the end of the current fiscal period. Reimbursement grants are considered available if they are collected within one year of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences and claims and judgments, are recorded only when payment is due. Property taxes, special assessments, intergovernmental revenues, charges for services and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. Only the portion of special assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. All other revenue items are considered to be measurable and available only when cash is received by the City. The City reports the following major governmental funds: The General Fund is the City's primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. The 2006 EDA Public Facilio) Lease Revenue Refunding Bonds Debt Service Fund (DSF) was established to refund portions of debt associated with the construction of the Andover YMCA Community Center. The 2007 EDA Public Facility Lease Revenue Refunding Bonds DSF was established to refund portions of debt associated with the construction of the Andover YMCA Community Center. The Water Trunk Capital Projects Fund (CPF) is used to account for water access fees and trunk improvements as part of development. It is also used to reserve monies that will be needed for capital infrastructure replacements in the future. The Sewer Trunk CPF is used to account for sewer access fees and sanitary sewer improvements. The Road and Bridge CPF accounts for all road projects and the pavement management program, which includes annual seal coating, crack sealing and overlays for roads. The Tax Increment Projects CPF is used to account for activities in TIE districts 1 -1, 1 -2, 1 -3, 1 -4 and all TIE land sales and expenditures to reach the goals of the TIE district plans. The Permanent Improvement Revolving CPF serves as a long -term funding source for large capital improvement expenditures. The City reports the following major proprietary funds: The Water Fund accounts for the water service charges, which are used to finance the water system operating expenses. The Sewer Fund accounts for the sewer service charges, which are used to finance the sanitary sewer system operating expenses. The Storm Sewer Fund accounts for the storm sewer utility charges, which are used to finance the storm sewer operating expenses. Additionally, the City reports the following fund types: Internal Service Funds (ISF) are used to provide equipment maintenance and insurance to other departments of the City on a cost reimbursement basis. The Agency Funds are used to account for assets held by the City in a trustee capacity or as an agent for individuals, private organizations, and /or other governmental units. It is used to account for the collection and distribution of funds relating to development activities and retiree insurance premiums. Private- sector standards of accounting and financial reporting issued prior to December 1, 1989, generally are followed in both the government -wide and proprietary -fund financial statements to the extent that those standards do not conflict with or contradict guidance of the Governmental Accounting Standards Board. Governments also have the option of following BS CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 subsequent private- sector guidance for their business -type activities and enterprise funds, subject to this same limitation. The City has elected not to follow subsequent private- sector guidance. As a general rule the effect of interfund activity has been eliminated from the government -wide financial statements. Exceptions to this general rule are transactions that would be treated as revenues, expenditures or expenses if they involved external organizations, such as buying goods and services or payments in lieu of taxes, are similarly treated when they involve other funds of the City. Elimination of these charges would distort the direct costs and program revenues reported for the various functions concerned. Amounts reported as program revenues include 1) charges to customers or applicants for goods, services, or privileges provided, 2) operating grants and contributions, and 3) capital grants and contributions, including special assessments. Internally dedicated resources are reported as general revenues rather than as program revenues. Likewise, general revenues include all taxes. Proprietary funds distinguish operating revenues and expenses from nonoperating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund's principal ongoing operations. The principal operating revenues of the water and sewer enterprise funds are charges to customers for sales and services. Operating expenses for enterprise funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as nonoperating revenues and expenses. When both restricted and unrestricted resources are available for an allowable use, it is the City's policy to use restricted resources first, and then unrestricted resources as they are needed. D. BUDGETS Budgets are legally adopted on a basis consistent with generally accepted accounting principles. Annual appropriated budgets are legally adopted for the General and Special Revenue Funds. Budgeted expenditure appropriations lapse at year -end. Encumbrance accounting, under which purchase orders, contracts, and other commitments for the expenditure of monies are recorded in order to reserve that portion of the appropriation, is not employed by the City because it is at present not considered necessary to assure effective budgetary control or to facilitate effective cash management. E. LEGAL COMPLIANCE - BUDGETS The City follows these procedures in establishing the budgetary data reflected in the financial statements: 1. The City Administrator submits to the City Council a proposed operating budget for the fiscal year commencing the following January 1. The budget includes proposed expenditures and the means of financing them. 2. Public hearings are conducted to obtain taxpayer comments. 3. The budget is legally enacted through City Council action. 4. Expenditures may legally exceed budgeted appropriations at the fund level through City Council action. Also, the City Council may authorize transfers of budgeted amounts between departments within any fund. 5. Formal budgetary integration is employed as a management control device during the year for the General Fund and Special Revenue Funds. Budgetary control for Capital Projects Funds is accomplished through the use of project controls. 6. The legal level of budgetary control is at the department level for the General Fund and at the fund level for the Special Revenue Funds. Also inherent in this controlling function is the management philosophy that the existence of a particular item or appropriation in the approved budget does not automatically mean that it will be spent. The budget process has flexibility in that, where need has been properly demonstrated, an adjustment can be made within the department budget by the City Administrator or between departments by the City Council. 47 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 7. The City Council made supplemental budget appropriations throughout the year. Individual amendments were not material in relation to the original appropriations which were adjusted. The following is a listing of General and Special Revenue Funds whose expenditures exceed budget appropriations: F inal Ov er Budget Actual Budget Special Revenue Funds: Capital Equipment Reserve S 74,000 S 94,317 S 20,317 Construction Seal Coating 25,000 62,920 37,920 The expenditures over budget were funded by greater than anticipated revenues and /or available fund balance. F. CASH AND INVESTMENTS Cash balances from all funds are combined and invested to the extent available in authorized investments. Earnings from such investments are allocated to the individual funds on the basis of applicable cash balance participation of each fund. The City provides temporary advances to funds that have insufficient cash balances by means of an advance from another fund shown as interfund receivables in the advancing fund, and an interfund payable in the fund with the deficit, until adequate resources are received. These interfund balances are eliminated on the government -wide financial statements. Investments are stated at fair value, based upon quoted market prices. Short -term investments, such as commercial paper and banker's acceptances, are reported as amortized cost. For purposes of the Statement of Cash Flows of Proprietary Fund Types, cash equivalents are defined as short -term, highly liquid investments that are both: a. readily convertible to known amounts of cash, or b. so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. The City's policy considers cash equivalents to be those that meet the above criteria and have original maturities of three months or less. G. RECEIVABLES AND PAYABLES During the course of operations, numerous transactions occur between individual funds for goods provided or services rendered. Short -term interfund loans are classified as "interfund receivables /payables." All short -term interfund receivables and payables at December 31, 2009 are planned to be eliminated in 2010. Long -term interfund loans are classified as "interfund loan receivable /payable." Any residual balances outstanding between the governmental activities and business -type activities are reported in the government -wide financial statements as "internal balances." Interfund loan receivables, as reported in the fund financial statements, are offset by a fund balance reserve account in applicable governmental funds to indicate that they are not available for appropriation and are not expendable available financial resources. Property taxes and special assessments receivable have been reported net of estimated uncollectible accounts. (See Note 1 H and I). Because utility bills are considered liens on property, no estimated uncollectible amounts are established. Uncollectible amounts are not material for other receivables and have not been reported. 48 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 H. PROPERTY TAX REVENUE RECOGNITION The City levies its property tax for the subsequent year during the month of December and it is certified to Anoka. County. December 30th is the last day the City can certify a tax levy to the County Auditor for collection the following year. Such taxes become a lien on the following January 1. Anoka County is the collecting agency for the levy and remits the collections to the City three times a year. Taxes not collected as of December 31 each year are shown as delinquent taxes receivable. The County Auditor prepares the tax list for all taxable property in the City, applying the applicable tax rate to the tax capacity of individual properties, to arrive at the actual tax for each property. The County Auditor also collects all special assessments, except for certain prepayments paid directly to the City. The County Auditor submits a list of taxes to be collected on each parcel of property to the County Treasurer in January of each year. The County Treasurer collects all taxes and is required to mail copies of all personal property tax statements by April 15, and copies of all real estate tax statements by April 15, of each year. Property owners are required to pay one -half of their real estate taxes due by May 15 and the balance by October 15. If taxes due May 15 are not paid on time, a penalty of 3% is assessed on homesteaded property and 7% on nonhomesteaded property. An additional 1% penalty is added each month the taxes remain unpaid, until October 15. If the taxes due May 15 are not paid by October 15, a 2% penalty per month is added to homesteaded property and 4% per month to nonhomesteaded property until January 1. If the taxes are not paid by January 1, further penalties are added. Penalties and interest apply to both taxes and special assessments. There are some exceptions to the above penalties, but they are not material. Within 30 days after the tax settlement date, the County Treasurer is required to pay 70% of the estimated collections of taxes and special assessments to the City Treasurer. The County Treasurer must pay the balance to the City Treasurer within 60 days after settlement, provided that after 45 days interest accrues at the rate of 8% per annum. GOVERNMENT -WIDE FINANCIAL STATEMENTS The City recognizes property tax revenue in the period for which the taxes were levied. Uncollectible property taxes are not material and have not been reported. GOVERNMENTAL FUND FINANCIAL STATEMENTS The City recognizes property tax revenue when it becomes both measurable and available to finance expenditures of the current period. In practice, current and delinquent taxes and State credits received by the City in July, December and January are recognized as revenue for the current year. Taxes collected by the County by December 31 (remitted to the City the following January) and taxes and credits not received at the year -end are classified as delinquent and due from County taxes receivable. The portion of delinquent taxes not collected by the City in January is fully offset by deferred revenue because they are not available to finance current expenditures. L SPECIAL ASSESSMENT REVENUE RECOGNITION Special assessments are levied against benefited properties for the cost or a portion of the cost of special assessment improvement projects in accordance with State Statutes. These assessments are collectible by the City over a term of years usually consistent with the term of the related bond issue. Collection of annual installments (including interest) is handled by the County Auditor in the same manner as property taxes. Property owners are allowed to (and often do) prepay future installments without interest or prepayment penalties. Once a special assessment roll is adopted, the amount attributed to each parcel is a lien upon that property until full payment is made or the amount is determined to be excessive by the City Council or court action. If special assessments are allowed to go delinquent, the property is subject to tax forfeit sale. Proceeds of sales from tax forfeit properties are allocated first to the County's costs of administering all tax forfeit properties. Pursuant to State Statutes, a property shall be subject to a tax forfeit sale after three years unless it is homesteaded, agricultural or seasonal recreational land in which event the property is subject to such sale after five years. BP; CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 GOVERNMENT -WIDE FINANCIAL STATEMENTS The City recognizes special assessment revenue in the period that the assessment roll was adopted by the City Council. Uncollectible special assessments are not material and have not been reported. GOVERNMENTAL FUND FINANCIAL STATEMENTS The City recognizes revenue from special assessments when it becomes measurable and available to finance expenditures of the current fiscal period. In practice, current and delinquent special assessments received by the City are recognized as revenue for the current year. Special assessments that are collected by the County by December 31 (remitted to the City the following January) and are also recognized as revenue for the current year. All remaining delinquent, deferred and special deferred assessments receivable in governmental funding are completely offset by deferred revenues. J. INVENTORIES Inventories of the Governmental Funds and the Proprietary Funds are stated at cost, which approximates market, using the first -in, first -out (FIFO) method. Inventories of Governmental Funds are recorded as expenditures when consumed rather than when purchased. K. PREPAID ITEMS Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government -wide and fund financial statements. L. CAPITAL ASSETS Capital assets, which include property, plant, equipment and infrastructure assets (e.g., roads, bridges, sidewalks, and similar items), are reported in the applicable governmental or business -type activities columns in the government -wide financial statements. Capital assets are defined by the City as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of one year. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation. The City has chosen the modified approach for reporting street and trail system capital assets. The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed. Interest incurred during the construction phase of capital assets of business -type activities is included as part of the capitalized value of the assets constructed. For the year ended December 31, 2009, no interest was capitalized in connection with construction in progress. Property, plant and equipment of the primary government, as well as the component units, are depreciated using the straight line method over the following estimated useful lives: Assets Life Buildings and improvements 10 - 30 years Furniture and equipment 5 - 10 years Machinery and equipment 5 - 10 years Other park improvements 10 - 30 years Storm sewer 50 years Distribution and collection systems 50 years A CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 The City elected to use the modified approach as defined by GASB Statement No. 34 for infrastructure reporting of its streets and trails. The City conducted a physical assessment in the Fall of 2007 of the condition of the streets and trails constructed since 1974. This condition assessment will be performed every 3 years. Each segment of City owned street or trail was assigned a physical condition based on potential defects. An Overall Condition Index (OCI) was assigned to each segment. The index is expressed in a continuous scale from 0 to 100, where 0 is assigned to the least acceptable physical condition and 100 is assigned to those segments that have the characteristic of a new street or trail. The following conditions were defined: Range Description 86-100 Excellent 71-85 Very good 56-70 Good 41 -55 Fair 26-40 Poor 11-25 Very poor 0- 10 Substandard The City's policy relative to maintaining the street and trail assets is to achieve an average rating of "Good" for all segments. This acceptable rating allows minor cracking and patching of the pavement along with minor roughness that could be noticeable to the users of the system. M. COMPENSATED ABSENCES City employees earn vacation and sick pay accruing each payroll period. Unused vacation can be accrued by the employees up to a maximum of 200 hours as of the anniversary date of the individual's employment with the City, unless a specific authorization is granted to an employee. All vacation pay is accrued when incurred in the government -wide and proprietary fund financial statements. A liability for these amounts is reported in governmental funds only if they have matured, for example, as a result of employee resignations and retirements. Employees can also accrue an unlimited amount of unused sick leave. Employees with two or more years of service are entitled to receive severance pay equal to a percentage of unused sick pay ranging from 20 -50 percent based on years of service, up to a maximum of 400 hours. The liability for severance pay is accounted for the same as accrued vacation pay. N. LONG -TERM OBLIGATIONS In the government -wide financial statements and proprietary fund types in the fund financial statements, long -term debt and other long -term obligations are reported as liabilities in the applicable governmental activities, business -type activities, or proprietary fund type statement of net assets. Bond premiums and discounts, as well as issuance costs, are immaterial and are expensed in the year of bond issuance. In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures. O. FUND EQUITY In the fund financial statements, governmental funds report reservations of fund balance for amounts not appropriable for expenditure or legally segregated for a specific future use. Designated fund balances represent tentative plans for future use of financial resources. P. INTERFUND TRANSACTIONS Interfund services provided and used are accounted for as revenues, expenditures or expenses. Transactions that constitute reimbursements to a fund for expenditures /expenses initially made from it that are properly applicable to another fund, are 62 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 recorded as expenditures /expenses in the reimbursing fund and as reductions of expenditures /expenses in the fund that is reimbursed. Interfund loans are reported as an interfund loan receivable or payable which offsets the movement of cash between funds. All other interfund transactions are reported as transfers. Q. RESTRICTED ASSETS Certain assets in the water fund are restricted for future debt service payments. R. USE OF ESTIMATES The preparation of financial statements in accordance with generally accepted accounting principles (GAAP) requires management to make estimates that affect amounts reported in the financial statements during the reporting period. Actual results could differ from such estimates. S. RECLASSIFICATIONS Certain amounts presented in prior year data have been reclassified in order to be consistent with the current year's presentation. T. RECONCILIATION OF GOVERNMENT -WIDE AND FUND FINANCIAL STATEMENTS 1. EXPLANATION OF CERTAIN DIFFERENCES BETWEEN THE GOVERNMENTAL FUND BALANCE SHEET AND THE GOVERNMENT -WIDE STATEMENT OF NET ASSETS The governmental fund balance sheet includes a reconciliation between fund balance — total governmental funds and net assets — governmental activities as reported in the government -wide statement of net assets. One element of that reconciliation explains that "long -term liabilities, including bonds payable and other post employment benefits, are not due and payable in the current period and therefore are not reported in the funds." The details of this ($51,346,517) difference are as follows: Bonds payable $(49,845,000) Accrued interest payable (892,550) Other post employment benefits (67,361) Compensated absences (541, 606) Net adjustment to reduce fund balance - total governmental funds to arrive at net assets- governmental activities $(51,346,517) Another element of that reconciliation states that "internal service funds are used by management to charge the cost of equipment maintenance and insurance to individual funds. The assets and liabilities are included in the governmental statement of net assets along with a deduction of net revenue attributable to business -type activities." The details of this $282,175 difference are as follows: Internal S ervice Funds netassets $ 283,335 Net revenue attributable to business -type activities (1,160) Net adjustment to increase fund balance - total governmental funds to arrive at net assets - governmental activities $ 282,175 6% CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 2. EXPLANATION OF CERTAIN DIFFERENCES BETWEEN THE GOVERNMENTAL FUND STATEMENT OF REVENUES, EXPENDITURES. AND CHANGES IN FUND BALANCES AND THE GOVERNMENT -WIDE STATEMENT OF ACTIVITIES The governmental fund statement of revenues, expenditures, and changes in fund balances includes a reconciliation between net changes in fund balances — total governmental funds and changes in net assets of governmental activities as reported in the government -wide statement of activities. One element of that reconciliation explains that "Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost of those assets is allocated over their estimated useful lives and reported as depreciation expense." The details of this ($101,524) difference are as follows: Capital outlay $ 1,519,944 Depreciation expense (1,621,468) Netadjustment to decrease netchanges in fund balances - total governmental funds to arrive at changes innet assets of governmental activities $ (101,524) Another element of that reconciliation states that "The net effect of various miscellaneous transactions involving capital assets (i.e., sales, trade -ins, and donations) is to increase (decrease) net assets." The details of this $371,627 difference are as follows: In the statement of activities, only the gain on the sale of capital assets is reported. However, in the governmental funds, the proceeds from the sale increase financial resources. Thus, the change in net assets differs from the change in fund balance by the cost of the capital assets sold $ (6,120) Donations of capital assets increase net assets in the statement of activities, but do not appear in the governmental funds because they are not financial resources. 377,747 Net adjustment to increase net changes in fund balances - total governmental funds to arrive at changes in net assets of governmental activities. $ 371,627 Another element of that reconciliation states "Revenues on the Statement of Activities that do not provide current financial resources are not reported as revenues in the funds." The details of this ($877,131) difference are as follows: General property taxes deferred revenue: At December 31, 2008 $ (275,364) At December 31, 2009 282,740 Tax increment taxes deferred revenue: At December 31, 2008 (50,921) At December 31, 2009 30,247 Special assessments deferred revenue: At December 31, 2008 (5,378,324) At December 31, 2009 4,526,206 Notes receivable deferred revenue: At December 31, 2008 (1,418,488) At December 31, 2009 1,406,773 Netadjustments to decrease net changes in fund balances - total governmental fundsto arrive at changes in netassets of governmental activities $ (877,131) 53 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 Another element of that reconciliation states "the issuance of long -term debt (e.g., bonds, leases) provides current financial resources to governmental funds, while the repayment of the long -term debt consumes the current financial resources of governmental funds." Neither transaction, however, has any effect on net assets. The details of this $2,525,000 difference is as follows: Debt issued or incurred: Issuance of certificates of indebtedness (385,000) Issuance of state aid bonds (955,000) Principal repayments: Revenue bonds 390,000 Capital improvement bonds 380,000 Special assessment bonds 1,685,000 Tax increment bonds 760,000 Certificates of indebtedness 490,000 State aid bonds 160,000 Netadjustment to increase net changes in fund balances - total governmental funds to arrive at changes in net assets of governmental activities $ 2,525,000 Another element of that reconciliation states that "Some expenses reported in the statement of activities do not require the use of current financial resources and therefore are not reported as expenditures in governmental funds." The details of this ($5,440) difference are as follows: Compensated absences $ (36,713) Accrued interest 31,273 Netadjustment to decrease netchanges in fund balances - total governmental funds to arrive at changes innet assets of governmental activities $ (5,440) Another element of that reconciliation states that "internal service funds are used by management to charge the cost of equipment maintenance and insurance to individual funds. This amount is the portion of net revenue attributable to governmental activities." The details of this $112,938 difference are as follows: Internal Service Funds change in net as sets $ 144,110 Net revenue attributable to business -type activities (31,172) Net adjustment to increase fund balance - total governmental funds to arrive at net assets - governmental activities $ 112,938 Note 2 DEPOSITS AND INVESTMENTS DEPOSITS In accordance with Minnesota. Statutes, the City maintains deposits at those depository banks authorized by the City Council, all of which are members of the Federal Reserve System. Minnesota. Statutes require that all City deposits be protected by insurance, surety bond, or collateral. The market value of collateral pledged must equal 110% of the deposits not covered by insurance or bonds. 54 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 Minnesota Statutes require that securities pledged as collateral be held in safekeeping by the City Clerk/Treasurer or in a financial institution other than that furnishing the collateral. Authorized collateral includes the following: a) United States government treasury bills, treasury notes, treasury bonds; b) Issues of United States government agencies and instrumentalities as quoted by a recognized industry quotation service available to the government entity; c) General obligation securities of any state or local government with taxing powers which is rated "A" or better by a national bond rating service, or revenue obligation securities of any state or local government with taxing powers which is rated "AA" or better by a national bond rating service; d) Unrated general obligation securities of a local government with taxing powers may be pledged as collateral against funds deposited by that same local government entity; e) Irrevocable standby letters of credit issued by Federal Home Loan Banks to a municipality accompanied by written evidence that the bank's public debt is rated "AA" or better by Moody's Investors Service, Inc. or Standard & Poor's Corporation; and I) Time deposits that are fully insured by the Federal Deposits Insurance Corporation. Custodial Credit Risk — Deposits: Custodial credit risk is the risk that in the event of a bank failure, the City's deposits may not be returned to it. State statutes require that insurance, surety bonds or collateral protect all City deposits. The market value of collateral pledged must equal 110% of deposits not covered by insurance or bonds. As of December 31, 2009, the bank balance of the City's deposits was covered by federal depository insurance or covered by collateral pledged and held in the City's name, except for $70,158 was uncollateralized. INVESTMENTS Minnesota Statutes authorize the City to invest in the following: a) Direct obligations or obligations guaranteed by the United States or its agencies, its instrumentalities or organizations created by an act of congress, excluding mortgage- backed securities defined as high risk. b) Shares of investment companies registered under the Federal Investment Company Act of 1940 and whose only investments are in securities described in (a) above, general obligation tax- exempt securities, or repurchase or reverse repurchase agreements. c) Obligations of the State of Minnesota or any of its municipalities as follows: 1) any security which is a general obligation of any state or local government with taxing powers which is rated "A" or better by a national bond rating service; 2) any security which is a revenue obligation of any state or local government with taxing powers which is rated "AA" or better by a national bond rating service; and 3) a general obligation of the Minnesota housing finance agency which is a moral obligation of the State of Minnesota and is rated "A" or better by a national bond rating agency. d) Bankers acceptance of United States banks eligible for purchase by the Federal Reserve System. e) Commercial paper issued by United States corporations or their Canadian subsidiaries, of the highest quality, and maturing in 270 days or less. I) Repurchase or reverse repurchase agreements with banks that are members of the Federal Reserve System with capitalization exceeding $10,000,000; a primary reporting dealer in U.S. government securities to the Federal Reserve Bank of New York; certain Minnesota securities broker - dealers; or, a bank qualified as a depositor. g) General obligation temporary bonds of the same governmental entity issued under section 429.091, subdivision 7; 469.178, subdivision 5; or 475.61, subdivision 6. !.1i CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 As of December 31, 2009, the City had the following investments and maturities: D epo sits 4,582,341 Total cash and investments $5 1, 626, 040 The following is a reconciliation of the City's total cash and investment balances at December 31, 2009: Government -wide statement of net assets: Cash and investments $ 26,746,280 Cash and investments with escrow agent 24,629,839 Fiduciary funds statement of net assets 249,921 Total $ 51,626,040 Custodial credit risk - investments — For investments in securities, custodial credit risk is the risk that in the event of a failure of the counterparty, the City will not be able to recover the value of its investment securities that are in the possession of an outside party. As of December 31, 2009, $250,000 of the City's $47,043,699 investments was uninsured and unregistered, with securities held in the City's name. Interest rate risk - The City has a formal investment policy that states the City will minimize the risk that the market value of securities in the portfolio will fall due to the changes in general interest rates, by: 1) Structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity. 2) Investing operating funds primarily in shorter -term securities, money market mutual funds or similar investment pools. FNMA REMIC — The City invests in REMIC's in accordance with State law and the City's investment policy. These securities are based on cash flows from payments on underlying mortgages. Therefore, they are sensitive to prepayments by mortgages, which may result from a decline in interest rates. Credit Risk - The City has a formal investment policy that states the City will minimize the credit risk, the risk of loss due to the failure of the security issuer or backer, by: 1) Limiting investments to the safest types of securities. 2) Pre - qualifying the financial institutions, broker /dealers, intermediaries and advisers with which the City will do business. 611 Credit Fair Investment Type Rating Value Money market N/A $ 6,409,669 Certificates of deposit N/A 5,749,351 Local governments A/Al /A2 1,254,864 2,822,992 AA1 /AA2 /AA3 2,014,807 - AAA 1,913,209 U.S. agencies AAA 29,170,936 FNMA REMIC N/A 358,754 347,592 N/A 172,109 Total investments 2,957,351 47,043,699 D epo sits 4,582,341 Total cash and investments $5 1, 626, 040 The following is a reconciliation of the City's total cash and investment balances at December 31, 2009: Government -wide statement of net assets: Cash and investments $ 26,746,280 Cash and investments with escrow agent 24,629,839 Fiduciary funds statement of net assets 249,921 Total $ 51,626,040 Custodial credit risk - investments — For investments in securities, custodial credit risk is the risk that in the event of a failure of the counterparty, the City will not be able to recover the value of its investment securities that are in the possession of an outside party. As of December 31, 2009, $250,000 of the City's $47,043,699 investments was uninsured and unregistered, with securities held in the City's name. Interest rate risk - The City has a formal investment policy that states the City will minimize the risk that the market value of securities in the portfolio will fall due to the changes in general interest rates, by: 1) Structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity. 2) Investing operating funds primarily in shorter -term securities, money market mutual funds or similar investment pools. FNMA REMIC — The City invests in REMIC's in accordance with State law and the City's investment policy. These securities are based on cash flows from payments on underlying mortgages. Therefore, they are sensitive to prepayments by mortgages, which may result from a decline in interest rates. Credit Risk - The City has a formal investment policy that states the City will minimize the credit risk, the risk of loss due to the failure of the security issuer or backer, by: 1) Limiting investments to the safest types of securities. 2) Pre - qualifying the financial institutions, broker /dealers, intermediaries and advisers with which the City will do business. 611 Investment Maturities (in Years) Less Than More Than 1 1 -5 6 -10 10 $ 6,409,669 2,822,992 2,926,359 - - 321,751 766,145 166,968 - 623,674 1,034,658 - 356,475 347,592 864,349 197,776 503,492 2,957,351 23,868,470 880,473 1,464,642 - 53,577 88,302 216,875 - - 172,109 - $13,483,029 $29,513,558 $ 1,505,628 $ 2,541,484 D epo sits 4,582,341 Total cash and investments $5 1, 626, 040 The following is a reconciliation of the City's total cash and investment balances at December 31, 2009: Government -wide statement of net assets: Cash and investments $ 26,746,280 Cash and investments with escrow agent 24,629,839 Fiduciary funds statement of net assets 249,921 Total $ 51,626,040 Custodial credit risk - investments — For investments in securities, custodial credit risk is the risk that in the event of a failure of the counterparty, the City will not be able to recover the value of its investment securities that are in the possession of an outside party. As of December 31, 2009, $250,000 of the City's $47,043,699 investments was uninsured and unregistered, with securities held in the City's name. Interest rate risk - The City has a formal investment policy that states the City will minimize the risk that the market value of securities in the portfolio will fall due to the changes in general interest rates, by: 1) Structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity. 2) Investing operating funds primarily in shorter -term securities, money market mutual funds or similar investment pools. FNMA REMIC — The City invests in REMIC's in accordance with State law and the City's investment policy. These securities are based on cash flows from payments on underlying mortgages. Therefore, they are sensitive to prepayments by mortgages, which may result from a decline in interest rates. Credit Risk - The City has a formal investment policy that states the City will minimize the credit risk, the risk of loss due to the failure of the security issuer or backer, by: 1) Limiting investments to the safest types of securities. 2) Pre - qualifying the financial institutions, broker /dealers, intermediaries and advisers with which the City will do business. 611 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 A list will be maintained of financial institutions authorized to provide investment services. In addition, a list also will be maintained of approved security broker /dealers selected by creditworthiness. These may include "primary" dealers or regional dealers that qualify under Securities and Exchange Commission (SEC) Rule 15C3 -1. All financial institutions and broker /dealers who desire to become qualified for investment transactions must supply: audited financial statements, proof of National Association of Securities Dealers (NASD) certification, proof of state registration, completed broker /dealer questionnaire, and certification of having read and understood and agreeing to comply with the City's investment policy. An annual review of the financial condition and registration of qualified financial institutions and broker /dealers will be conducted by the City Administrator. Concentration of Credit Risk - More than 63% of the City's investments are in various holdings with U.S. agencies; Federal Home Loan Bank (1.5 %), Federal National Mortgage Association (4.5 %), Federal Home Loan Mortgage Corporation (5.8 %) and U.S. Treasury (51.3 %). The City's policy on concentration of investments is as follows: 1) Diversification - The investments shall be diversified by: a) investments to avoid over concentration in securities from a specific issuer or business sector (excluding U.S. Treasury securities), b) limiting investment in securities that have higher credit risks, c) investing in securities with varying maturities, and d) continuously investing a portion of the portfolio in readily available funds such as local government investment pools (LGIPs), money market funds or overnight repurchase agreements to ensure that appropriate liquidity is maintained in order to meet ongoing obligations. 2) 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 lifes, of more than five (5) years from the date of purchase or in accordance with state and local statutes and ordinances. Reserve funds and other funds with longer -term investment horizons may be invested in securities exceeding five (5) years if the maturity of such investments are made to coincide as nearly as practicable with the expected use of funds. The intent to invest in securities with longer maturitues shall be disclosed in writing to the legislative body. Because of inherent difficulties in accurately forecasting cash flow requirements, a portion of the portfolio should be continuously invested in readily available funds such as local government investment pools, money market funds, or overnight repurchase agreements to ensure that appropriate liquidity is maintained to meet ongoing obligations. Note 3 RECEIVABLES Significant receivables balances not expected to be collected within one year of December 31, 2009 are as follows: 57 Delinquent Delinquent Special Property Tax Assessment Note Taxes Increment Receivable Receivable Total Maj or F unds : General Fund $ 75,129 $ $ $ $ 75,129 Water Trunk CPF - 293,910 293,910 Sewer Trunk CPF - 63,283 - 63,283 Road and Bridge CPF 13,200 1,101,048 22,951 1,137,199 Tax Increment Projects CPF - 6,049 - 1,431,000 1,437,049 Permanent Improvement Revolving CPF - - 2,065,923 - 2,065,923 Nonmajor Funds 27,595 - 369,313 55,189 452,097 Total $ 115,924 $ 6,049 $3,893,477 $ 1,509,140 $5,524,590 57 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 Governmental funds report deferred revenue in connection with receivables for revenues that are not considered to be available to liquidate liabilities of the current period. Governmental funds also defer revenue recognition in connection with resources that have been received, but not yet earned. At the end of the current fiscal year, the various components of deferred revenue reported in the governmental funds were as follows: Delinquent property taxes receivable: General Fund Road & Bridge CPF Nonmajor Funds Delinquent tax increment collections: Tax Increment Projects CPF Special assessmentsnot yetdue: General Fund Water Trunk CPF Sewer Trunk CPF Road & Bridge CPF Tax Increment Projects CPF Permanent Improvement Revolving CPF Nonmajor Funds Notes receivable not yet due: Road & Bridge CPF Tax Increment Projects CPF Nonmajor Funds Unearned construction seal coat fees: Nonmajor Funds Total Note 4 LOANS RECEIVABLE Unavailable Unearned $ 183,242 32,195 67,304 30,247 17,013 343,023 78,510 1,267,581 1,032 2,392,124 426,922 30,761 1,312,000 64,012 59,227 $ 6,245,966 $ 59,227 As part of a development agreement entered into with a private developer in June 2006, the City received a promissory note for $50,000. The note is for intersection improvements on Hanson Blvd. The note bears an interest rate of 5.5% and calls for 16 semi - annual payments to be made to the City through July 2014. As of December 31, 2009, the remaining balance due of $30,761 is offset by deferred revenue, as it is not available to finance current activities. As part of a development agreement entered into with a private developer in June 2005, the City received promissory notes for $1,624,000. The notes are for the purchase of land within Andover Station North. The notes beared an interest rate of 6% through December 31, 2008 and then was amended to 4.5% until December 31, 2012, the payoff date. As of December 31, 2009, the remaining balance due of $1,431,000 is offset by deferred revenue, as it is not available to finance current activities. As part of a rental rehabilitation revolving loan program, the City entered into a loan agreement with a property owner in October 2006. The loan is for the rehabilitation of a rental property located within the City. The loan bears an interest rate of 3.0 % and calls for 180 equal monthly payments to be made to the City through November 2021. As of December 31, 2009, the remaining balance due of $42,938 is offset by deferred revenue, as it is not available to finance current activities. As part of a housing rehabilitation revolving loan program, the City entered into a loan agreement with a property owner in July 2007. The loan is for the rehabilitation of a property located within the City. The loan bears an interest rate of 3.0 % and calls for 57 equal monthly payments to be made to the City through August 2012. As of December 31, 2009, the remaining balance due of $4,391 is offset by deferred revenue, as it is not available to finance current activities. 58 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 As part of a housing rehabilitation revolving loan program, the City entered into a loan agreement with a property owner in July 2008. The loan is for the rehabilitation of a property located within the City. The loan bears an interest rate of 3.0 % and calls for 84 equal monthly payments to be made to the City through September 2015. As of December 31, 2009, the remaining balance due of $16,683 is offset by deferred revenue, as it is not available to finance current activities. Note 5 CAPITAL ASSETS In accordance with GASB Statement No. 34, the City has reported all capital assets including infrastructure in the government -wide statement of net assets. The City elected to use the modified approach as defined by GASB Statement No. 34 for infrastructure reporting for its streets and trails. As a result, no accumulated depreciation or depreciation expense has been recorded for this system. A more detailed discussion of the modified approach is presented in the Required Supplementary Information section of this report. All other capital assets including other infrastructure systems were reported using the basic approach whereby accumulated depreciation and depreciation expense have been recorded. Capital asset activity for the year ended December 31, 2009 was as follows: Primary Government Governmental activities: Capital assetsnotbeing depreciated Land and improvements Streets and trails Construction in progress Total capital assets not being depreciated Capital assetsbeing depreciated: Buildings and improvements Furniture and equipment Machinery and equipment Other park improvements Total capital assets being depreciated Less accumulated depreciation for: Buildings and improvements Furniture and equipment Machinery and equipment Other park improvements Total accumulated depreciation Total capital assets being depreciated -net Beginning Balance Additions $ 8,041,308 $ 955,763 79,153,416 394,276 309,414 - Ending Deletions Balance $ - $ 8,997,071 - 79,547,692 (309,414) - 87,504,138 1,350,039 (309,414) 88,544,763 26,381,584 275,875 - 26,657,459 364,254 46,862 - 411,116 6,418,351 426,863 (81,484) 6,763,730 5,019,920 107,466 - 5,127,386 38,184,109 857,066 (81,484) 38,959,691 4,453,300 893,836 - 5,347,136 149,055 54,453 - 203,508 4,488,134 419,433 (75,364) 4,832,203 1,447,989 253,746 - 1,701,735 10,538,478 1,621,468 (75,364) 12,084,582 27,645,631 (764,402) (6,120) 26,875,109 Governmental activities capital assets - net $ 115,149,769 $ 585,637 $ (315,534) $ 115,419,872 6T CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 Primary Government Business -type activities: Capital assetsnotbeing depreciated: Land and improvements Construction in progress Total capital assets not being depreciated Capital assetsbeing depreciated: Buildings and improvements Furniture and equipment Machinery and equipment Collection and distribution Total capital assets being depreciated Less accumulated depreciation for: Buildings and improvements Furniture and equipment Machinery and equipment Collection and distribution Total accumulated depreciation Total capital assets being depreciated - net Business -type activities capital assets - net Beginning Ending Balance Additions Deletions Balance Public safety $ 730,243 $ - $ - $ 730,243 - 776,911 - 776,911 730,243 776,911 - 1,507,154 3,984 Total depreciation expense - governmental activities 14,810,983 - - 14,810,983 61,390 - - 61,390 1,226,773 24,415 - 1,251,188 48,482,600 793,589 - 49,276,189 64,581,746 818,004 - 65,399,750 $ 1,611,005 4,596,132 522,319 - 5,118,451 17,221 8,483 - 25,704 817,193 95,125 - 912,318 14,165,391 985,078 - 15,150,469 19,595,937 1,611,005 - 21,206,942 44,985,809 (793,001) - 44,192,808 $ 45,716,052 $ (16,090) $ - $45,699,962 Depreciation expense was charged to functions /programs of the primary government as follows: Governmental activities: General government $ 99,761 Public safety 240,606 Public works 283,410 Parks and recreation 993,707 Economic development 3,984 Total depreciation expense - governmental activities $ 1,621,468 Business -type activities: Water $ 856,589 Sewer 510,071 Storm sewer 244,345 Total depreciation expense - business -type activities $ 1,611,005 CONSTRUCTION COMMITMENTS At December 31, 2009, the City had construction project contracts in progress. The commitments related to the remaining contract balances are summarized as follows; Contract Remaining P roj ect # Project Amount Commitment 09 -11 Water Treatment Plant Expansion $ 699,500 $ 273,865 Note 6 LONG -TERM DEBT The City issues general obligation bonds and equipment certificates to provide funds for the acquisition and construction of major capital facilities. The reporting entity's long -term debt is segregated between the amounts to be repaid from governmental activities and amounts to be repaid from business -type activities. CYt CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 Tax Increment Bonds: 2003B G.O. Tax Increment Refunding Bonds 6/1/2003 2004B G.O. Tax Increment Refunding Bonds 3/16/2004 Total tax increment bonds Certificates of Indebtedness: 2006B G.O. Equipment Certificates 2007A G.O. Equipment Certificates 2008A G.O. Equipment Certificates 2009A G.O. Equipment Certificates Total certificates of indebtedness Capital Improvement Bonds: 2004A G.O. Capital Improvement Bonds Permanent Improvement Revolving (PIR) Bonds: 2003A G.O. PIR Bonds 2006A G.O. PIR Bonds 8/1/2010 2.00 -3.00% 1,530,000 250,000 2/1/2013 2.00 -3.25% 4,260,000 2,265,000 5,790,000 2,515,000 5/10/2006 Issue Maturity Interest Original Payable 2/1/2011 Date Date Rate Issue 12/31/09 GOVERNMENTAL ACTIVITIES: 630,000 480,000 3/26/2009 2/1/2012 2.00 -2.25% General Obligation Revenue Bonds: 385,000 2,235,000 2004 EDA Pub Fac Lease Rev Bonds 4/23/2004 2/1/2014 2.125 - 5.400% $ 19,580,000 $ 18,630,000 2006 EDA Pub Fac Lease Rev Ref Bonds 12/1/2006 2/1/2034 4.00 -4.50% 10,000,000 10,000,000 2007 EDA Pub Fac Lease Rev Ref Bonds 1/1/2007 2/1/2034 4.00 -4.50% 6,865,000 6,865,000 Total general obligation revenue bonds 36,445,000 35,495,000 Special Asses sment Bonds: 2005A G.O. Improvement Bonds 4/28/2005 2/1/2011 2.95 -3.65% 3,560,000 2,450,000 Tax Increment Bonds: 2003B G.O. Tax Increment Refunding Bonds 6/1/2003 2004B G.O. Tax Increment Refunding Bonds 3/16/2004 Total tax increment bonds Certificates of Indebtedness: 2006B G.O. Equipment Certificates 2007A G.O. Equipment Certificates 2008A G.O. Equipment Certificates 2009A G.O. Equipment Certificates Total certificates of indebtedness Capital Improvement Bonds: 2004A G.O. Capital Improvement Bonds Permanent Improvement Revolving (PIR) Bonds: 2003A G.O. PIR Bonds 2006A G.O. PIR Bonds 8/1/2010 2.00 -3.00% 1,530,000 250,000 2/1/2013 2.00 -3.25% 4,260,000 2,265,000 5,790,000 2,515,000 5/10/2006 2/1/2010 3.60 -3.65% 460,000 160,000 3/13/2007 2/1/2011 4.00% 760,000 395,000 9/23/2008 2/1/2012 3.50% 630,000 480,000 3/26/2009 2/1/2012 2.00 -2.25% 385,000 385,000 2,235,000 1,420,000 3/16/2004 2/1/2017 2.00 -3.75% 3,890,000 2,775,000 6/1/2003 2/1/2010 5/10/2006 2/1/2014 Totalpermanent improvement revolving bonds State Aid Bonds: 200 I G.O. State Aid Street Bonds 6/5/2001 2009A G.O. State Aid Street Refunding Bonds 3/26/2009 Total state aid street bonds Total- bonded indebtedness Compensated absences payable Total governmental activities indebtedness BUSINESS -TYPE ACTIVITIES: General Obligation Revenue Bonds: 2002 G.O. Water Revenue Bonds 2007B G.O. Water Revenue Refunding Bonds 2009A G.O. Water Revenue Bonds Total general obligation revenue bonds Compensated absences payable Total business -type activities indebtedness Total City indebtedness 2.00 -2.60% 4,580,000 820,000 3.60 -3.85% 2,450,000 1,815,000 7,030,000 2,635,000 2/1/2010 2.90 -5.00% 2,755,000 1,600,000 2/1/2015 2.25 -2.80% 955,000 955,000 3,710,000 2,555,000 62,660,000 49,845,000 - 541,606 62,660,000 50,386,606 5/9/2002 8/1/2012 2.30 -5.00% 9,780,000 7,735,000 3/13/2007 2/1/2023 4.00 -4.25% 6,570,000 6,570,000 3/26/2009 2/1/2024 2.00 -4.25% 1,025,000 1,025,000 17,3 75,000 15,330,000 - 120,546 17,375,000 15,450,546 S 80,035,000 S 65,837,152 1..1 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 Annual debt service requirements to maturity for general obligation bonds are as follows: 2010 2011 2012 2013 2014 2015-2019 2020 -2024 2025 -2029 2030 -2034 Total 2010 2011 2012 2013 2014 2015 -2017 Total 2010 2011 2012 2013 2014 2015 -2019 2020 -2024 Total Governmental Activities G.O. Revenue Bonds Special Assessment Bonds Tax IncrementBonds Principal Interest Principal Interest Principal Interest $ 405,000 $ 1,646,894 $ 1,850,000 $ 52,690 $ 780,000 $ 68,312 415,000 1,631,101 600,000 10,200 565,000 45,050 435,000 1,613,666 - - 580,000 27,875 450,000 1,594,744 - - 590,000 9,588 16,925,000 1,150,583 - - - - 3,040,000 3,286,850 - - - - 3,700,000 2,607,541 - - - - 4,530,000 1,748,182 - - - - 5,595,000 649,756 - - - - $35,495,000 $ 15,929,317 $ 2,450,000 $ 62,890 $ 2,515,000 $ 150,825 Governmental Activities Governmental Activities State Aid Bonds Principal Interest $ 1,600,000 $ 61,039 Permanent Improvement Certificates of Indebtedness Capital Improvement Bonds Revolving Bonds Principal Interest Principal Interest Principal Interest $ 639,000 $ 35,962 $ 280,000 $ 88,417 $ 1,155,000 $ 72,686 485,000 16,941 295,000 80,143 345,000 49,530 296,000 4,368 315,000 70,993 360,000 36,398 - - 330,000 60,905 380,000 22,428 - - 355,000 49,596 395,000 7,604 - - 1,200,000 67,925 - - $ 1,420,000 $ 57,271 $ 2,775,000 $ 417,979 $ 2,635,000 $ 188,646 Governmental Activities State Aid Bonds Principal Interest $ 1,600,000 $ 61,039 215,000 21,009 220,000 16,115 230,000 10,765 23 0, 000 4,785 60,000 840 $ 2,555,000 $ 114,553 Business -Tvne Activities G.O. Revenue Bonds Principal Interest $ 455,000 $ 658,025 475,000 640,036 6,980,000 620,675 545,000 285,166 565,000 263,806 3,190,000 963,454 3,120,000 274,856 $ 15,330,000 $ 3,706,018 It is not practical to determine the specific year for payment of long -term accrued compensated absences. CM CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 CHANGE IN LONG -TERM LIABILITIES Long -term liability activity for the year ended December 31, 2009, was as follows: Balance Additions Reductions Balance One Year Governmental activities: Bondspayable: G.O. revenue bonds $ 35,885,000 $ - $ (390,000) $ 35,495,000 $ 405,000 Special assessment bonds 3,015,000 - (565,000) 2,450,000 1,850,000 Tax increment bonds 3,275,000 - (760,000) 2,515,000 780,000 Certificates of indebtedness 1,525,000 385,000 (490,000) 1,420,000 639,000 Capital improvement bonds 3,155,000 - (380,000) 2,775,000 280,000 Permanent improvement revolving bonds 3,755,000 - (1,120,000) 2,635,000 1,155,000 State aidbonds 1,760,000 955,000 (160,000) 2,555,000 1,600,000 Total bonds payable 52,370,000 1,340,000 (3,865,000) 49,845,000 6,709,000 Compensated absences 504,893 343,595 (306,882) 541,606 54,161 Total governmental activities long -term liabilities $52,874,893 $ 1,683,595 $ (4,171,882) $ 50,386,606 $ 6,763,161 Business -type activities: Bondspayable: G.O. revenue bonds $14,680,000 $ 1,025,000 $ (375,000) $ 15,330,000 $ 455,000 Compensated absences 107,333 58,824 (45,611) 120,546 12,054 Total business -type activities long -term liabilities $ 14,787,333 $ 1,083,824 $ (420,611) $ 15,450,546 $ 467,054 For the governmental activities, bonds payable can be summarized in the following categories: The G.O. revenue bonds were used to construct a 132,000 square foot community center. The bonds are payable from annual lease payments received by the EDA from the YMCA, operating revenues from the ice arena and field house, and, if necessary, a debt service tax levy. These bonds do constitute debt for the purpose of computing statutory debt limits. The special assessment bonds are used to finance assessable improvements within the City, including but not limited to sanitary sewer and water line connections, storm sewer, streets, sidewalks and curb & gutter. The bonds are payable primarily from special assessments levied against properties benefited by the improvements. In addition, the bonds are general obligations of the City for which its full faith, credit and taxing powers are pledged without limitation as to rate or amount. The tax increment bonds are used to finance land acquisition and other public costs to facilitate development in the City's tax increment districts. The bonds are payable from tax increment revenues generated by existing and new development within the district. In addition, the bonds are general obligations of the City for which its full faith, credit and taxing powers are pledged without limitation as to rate or amount. The certificates of indebtedness are used to finance the purchase of capital equipment. The certificates are general obligations of the City for which it pledges its full faith, credit and taxing powers to the payment of principal and interest on the certificates. The capital improvement bonds were used to purchase the 30,000 square foot public works building from the EDA and to finance the construction of a new fire station. The bonds are general obligations of the City for which it pledges its full faith, credit and taxing powers to the payment of principal and interest on the bonds. The permanent improvement revolving bonds are used to finance assessable improvements within the City, including but not limited to sanitary sewer and water line connections, storm sewer, streets, sidewalks and curb & gutter. The bonds are payable 63 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 primarily from special assessments levied against properties benefited by the improvements. In addition, the bonds are general obligations of the City for which its full faith, credit and taxing powers are pledged without limitation as to rate or amount. The state aid bonds were used to finance the Municipal State Aid (MSA) eligible costs of the Andover Boulevard project. The bonds are payable entirely from state -aid received by the City from construction and maintenance of the state aid street system. The City has pledged an amount of money from its account in the state -aid street fund sufficient to pay the principal and interest of the bonds. In addition, the bonds are general obligations of the City for which its full faith, credit and taxing powers are pledged without limitation as to rate or amount. For the governmental activities, compensated absences are generally liquidated through the General Fund. For the business -type activities, the G.O. revenue bonds were used to finance the construction of a water treatment plant. The bonds are payable from net revenues of the water system and are general obligations of the City for which its full faith, credit and taxing powers are pledged. REVENUES PLEDGED 2004 EDA Public Facility Lease Revenue Bonds. The EDA has pledged future lease revenue, operating revenues (net of operating expenses) and, if necessary, a debt service tax levy to repay the $19,580,000 bonds issued in April 2004. Proceeds from the bonds provided financing for the construction of Andover YMCA Community Center. Lease revenues were projected to produce 100% of the debt service requirements over the life of the bonds. Total principal and interest remaining on the bonds is $22,685,938, payable through February 2014. For the current year, principal and interest paid and total net operating revenues, lease revenue and tax levy were $1,334,806 and $1,459,808, respectively. A portion of the Series 2004 Bonds were refunded by the 2006 Series Refunding Bonds of $10,000,000 and the 2007 Series Refunding Bonds of $6,865,000, both with a crossover date of February 1, 2014. At which time, future lease revenues, net operating revenues and, if necessary, debt service tax levy will be used to repay the Series 2006 and Series 2007 Refunding Bonds through 2034. 2005A G.O. Improvement Bonds. The City has pledged future special assessment revenue to repay the $3,560,000 bonds issued in April 2005. Proceeds from the bonds provided financing for the construction of Jay Street located in Andover Station North. Special assessments were projected to produce 100% of the debt service requirements over the life of the bonds. Total principal and interest remaining on the bonds is $2,512,890, payable through February 2011. For the current year, principal and interest paid and total special assessment revenues were $658,768 and $55,945, respectively. 2003B G.O. Tax Increment Refunding Bonds. The City has pledged future tax increment revenue to repay the $1,530,000 bonds issued in June 2003. Proceeds from the bonds refunded the Series 1996 Bonds. Incremental property taxes were projected to produce 100% of the debt service requirements over the life of the bond issue. Total principal and interest remaining on the bonds is $257,500, payable through August 2010. For the current year, principal and interest paid were $253,020. All tax increment revenues are receipted in the Tax Increment Projects Capital Projects Fund and transferred over as needed to make the debt service payments. In 2009, the debt service fund had sufficient funds to make its debt service payment. 2004B G.O. Tax Increment Refunding Bonds. The City has pledged future tax increment revenue to repay the $4,260,000 bonds issued in March 2004. Proceeds from the bonds refunded the Series 1995D Bonds. Incremental property taxes were projected to produce 100% of the debt service requirements over the life of the bond issue. Total principal and interest remaining on the bonds is $2,408,325, payable through February 2013. For the current year, principal and interest paid were $594,600. All tax increment revenues will now be receipted in the Tax Increment Projects Capital Projects Fund and transferred over as needed to make the debt service payments. In 2009, the debt service fund had sufficient funds to make its debt service payment. 2006B G.O. Equipment Certificates. The City has pledged future property tax revenue to repay the $460,000 bonds issued in May 2006. Proceeds from the bonds were used to finance the purchase of capital equipment. Property taxes were projected to produce 100% of the debt service requirements over the life of the bonds. Total principal and interest remaining on the bonds is $162,920, payable through February 2010. For the current year, principal and interest paid and total property tax revenues were $163,649 and $164,083, respectively. 2007A G.O. Equipment Certificates. The City has pledged future property tax revenue to repay the $760,000 bonds issued in March 2007. Proceeds from the bonds were used to finance the purchase of capital equipment. Property taxes were projected to produce 100% of the debt service requirements over the life of the bonds. Total principal and interest remaining on the bonds is $410,900, payable through February 2011. For the current year, principal and interest paid and total property tax revenues were $204,500 and $212,332, respectively. 64 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 2008A G.O. Equipment Certificates. The City has pledged future property tax revenue to repay the $630,000 bonds issued in September 2008. Proceeds from the bonds were used to finance the purchase of capital equipment. Property taxes were projected to produce 100% of the debt service requirements over the life of the bonds. Total principal and interest remaining on the bonds is $505,620, payable through February 2012. For the current year, principal and interest paid and total property tax revenues were $166,240 and $172,457, respectively. 2009A G.O. Equipment Certificates. The City has pledged future property tax revenue to repay the $385,000 bonds issued in March 2009. Proceeds from the bonds were used to finance the purchase of capital equipment. Property taxes were projected to produce 100% of the debt service requirements over the life of the bonds. Total principal and interest remaining on the bonds is $397,831, payable through February 2012. For the current year, principal and interest paid and total property tax revenues were $2,895 and $141,156, respectively. 2004A G.O. Capital Improvement Bonds. The City has pledged future property tax revenue to repay the $3,890,000 bonds issued in March 2004. Proceeds from the bonds were used to purchase the public works facility from the EDA and to finance the construction of a new fire station. Property taxes were projected to produce 100% of the debt service requirements over the life of the bonds. Total principal and interest remaining on the bonds is $3,192,979, payable through February 2017. For the current year, principal and interest paid and total property tax revenues were $360,580 and $363,057, respectively. 2003A Permanent Improvement Revolving Bonds. The City has pledged future special assessment revenue to repay the $4,580,000 bonds issued in June 2003. Proceeds from the bonds provided financing for the construction of public improvements in the following developments: Foxborough Crossing, Shady Oak Cove, Woodland Estates 4a' Addition, Constance Corner, Maple Hollow, Woodland Creek Golf Course Villas and City View Farms. Special assessments were projected to produce 100% of the debt service requirements over the life of the bonds. All revenues from the special assessments are paid into the Permanent Improvement Revolving CPF and used to pay debt service as needed. Total principal and interest remaining on the bonds is $830,660, payable through February 2010. For the current year, principal and interest paid and monies transferred from the Permanent Improvement Revolving CPF were $825,463 and $830,000, respectively. 2006A Permanent Improvement Revolving Bonds. The City has pledged future special assessment revenue to repay the $2,450,000 bonds issued in May 2006. Proceeds from the bonds provided financing for the construction of public improvements in the following developments: Andover Station North Ballfields, Cardinal Ridge, Shaw's Glen and Woodland Crossing. Special assessments were projected to produce 100% of the debt service requirements over the life of the bonds. All revenues from the special assessments are paid into the Permanent Improvement Revolving CPF and used to pay debt service as needed. Total principal and interest remaining on the bonds is $1,992,985, payable through February 2014. For the current year, principal and interest paid and monies transferred from the Permanent Improvement Revolving CPF were $399,031 and $400,000, respectively. 2001B State Aid Street Bonds. The City has pledged future municipal state aid (MSA) allotments to repay the $2,755,000 bonds issued in June 2001. Proceeds of the bonds provided financing for the construction of the Andover Boulevard Project. The bonds are payable solely from MSA allotments through 2010. Total principal and interest remaining on the bonds is $1,637,611, payable through February 2010. For the current year, principal and interest paid and MSA revenues were $238,583 and $220,898, respectively. The Series 2001B Bonds were refunded by the 2009A Series Refunding Bonds of $955,000 with a crossover date of February 1, 2010. At which time, future MSA allotments will be used to repay the Series 2009A Refunding Bonds through 2015. 2002 G.O. Water Revenue Bonds. The City has pledged future water customer revenues, net of operating expenses, to repay the $9,780,000 bonds issued in May 2002. Proceeds of the bonds provided financing for the construction of a water treatment plant. The bonds are payable from water customer net revenues and are payable through 2012. The total principal and interest remaining on the bonds is $8,761,169. The principal and interest paid for the current year and total customer net revenues were $743,424 and $1,028,921, respectively. A portion of the Series 2002 Bonds were refunded by the 2007 Series Refunding Bonds of $6,570,000 with a crossover date of August 1, 2012. At which time, future water customer revenues, net of operating expenses, will be used to repay the Series 2007 Refunding Bonds through 2023. 2009A G.O. Water Revenue Bonds. The City has pledged future water customer revenues, net of operating expenses, to repay the $1,025,000 bonds issued in March 2009. Proceeds of the bonds provided financing for the addition to the water treatment plant. The bonds are payable from water customer net revenues and are payable through 2024. The total principal and interest remaining on the bonds is $1,323,874. The principal and interest paid for the current year and total customer net revenues were $25,404 and $1,028,921, respectively. M-i CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 ADVANCE CROSSOVER REFUNDING On December 1, 2006, the City issued $10,000,000 in Public Facility Lease Revenue Refunding Bonds, Series 2006 with an average interest rate of 4.29% to advance refund $9,755,000 of outstanding 2004 Series Bonds with an average interest rate of 5.17 %. The net proceeds of $9,782,338 were used to purchase U.S. Government Securities. Those securities were deposited in an irrevocable trust with an escrow agent to provide for the interest on the refunding bonds before the crossover date and called principal on the refunded bonds on February 1, 2014. The City advance refunded a portion of the 2004 Public Facilities Lease Revenue Bonds to reduce its total debt service payments over the last twenty years of the bond by $755,979 and to obtain an economic gain (difference between the present value of the debt service payments on the old and new debt) of $375,573. The City is responsible for the debt service of the refunded bonds and the debt service of the refunding bonds after the crossover date. The debt service of the refunding bonds before the crossover date is payable from the escrow account. Assets held with the escrow agent total $9,760,092 at December 31, 2009. On January 1, 2007, the City issued $6,865,000 in Public Facility Lease Revenue Refunding Bonds, Series 2007 with an average interest rate of 4.31% to advance refund $6,700,000 of outstanding 2004 Series Bonds with an average interest rate of 5.17 %. The net proceeds of $6,710,306 were used to purchase U.S. Government Securities. Those securities were deposited in an irrevocable trust with an escrow agent to provide for the interest on the refunding bonds before the crossover date and called principal on the refunded bonds on February 1, 2014. The City advance refunded a portion of the 2004 Public Facilities Lease Revenue Bonds to reduce its total debt service payments over the last twenty years of the bond by $517,163 and to obtain an economic gain (difference between the present value of the debt service payments on the old and new debt) of $250,417. The City is responsible for the debt service of the refunded bonds and the debt service of the refunding bonds after the crossover date. The debt service of the refunding bonds before the crossover date is payable from the escrow account. Assets held with the escrow agent total $6,705,279 at December 31, 2009. P ay ment Date 2010 2011 2012 2013 2014 2015 2016 2017 2018-2022 2023 -2027 2028-2032 2033 -2034 Refunded Bonds Refunding Bonds Total Series 2006 Series 2007 $ 1,335,684 1,329,891 1,332,456 1,328,534 17,3 59,3 73 $ 424,227 424,227 424,227 424,227 424,227 7 52,5 27 753,827 749,628 3,748,675 3,729,195 3,693,314 1,474,126 $ 291,983 291,983 291,983 291,983 291,983 512,483 513,283 513,683 2,568,704 2,563,655 2,5 65 ,020 1,019,212 Debt Service Commitment Escrow Account Series 2006 Series 2007 $ 424,227 424,227 424,227 424,227 9,967,114 $ 291,983 291,983 291,983 291,983 6,845,992 City $ 1,335,684 1,329,891 1,332,456 1,328,534 1,262,477 1,265 ,010 1,267,110 1,263,311 6,317,379 6,292,850 6,258,334 2,493,338 $ 22,685,938 $ 17,022,427 $ 11,715,955 $ 11,664,022 $ 8,013,924 $ 31,746,374 On March 13, 2007, the City issued $6,570,000 in General Obligation Water Revenue Refunding Bonds, Series 2007B with an average interest rate of 4.07% to advance refund $6,490,000 of outstanding 2002 Series Bonds with an average interest rate of 4.90 %. The net proceeds of $6,491,509 were used to purchase U.S. Government Securities. Those securities were deposited in an irrevocable trust with an escrow agent to provide for the interest on the refunding bonds before the crossover date and called principal on the refunded bonds on August 1, 2012. The City advance refunded the 2002 General Obligation Water Revenue Bonds to reduce its total debt service payments over the last ten years of the bond by $265,904 and to obtain an economic gain (difference between the present value of the debt service payments on the old and new debt) of $164,664. CY CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 The City is responsible for the debt service of the refunded bonds and the debt service of the refunding bonds after the crossover date. The debt service of the refunding bonds before the crossover date is payable from the escrow account. Assets held with the escrow agent total $6,492,264 at December 31, 2009. On March 26, 2009, the City issued $955,000 in General Obligation State Aid Streets Refunding Bonds, Series 2009A with an average interest rate of 2.52% to advance refund $930,000 of outstanding 2001B Series Bonds with an average interest rate of 4.90 %. The net proceeds of $944,954 were used to purchase U.S. Government Securities. Those securities were deposited in an irrevocable trust with an escrow agent to provide for the interest on the refunding bonds before the crossover date and called principal on the refunded bonds on February 1, 2010. The City advance refunded the 2001B General Obligation State Aid Street Bonds to reduce its total debt service payments over the last eight years of the bond by $156,795 and to obtain an economic gain (difference between the present value of the debt service payments on the old and new debt) of $71,529. The City is responsible for the debt service of the refunded bonds and the debt service of the refunding bonds after the crossover date. The debt service of the refunding bonds before the crossover date is payable from the escrow account. Assets held with the escrow agent total $936,829 at December 31, 2009. Refunded Refunding Debt Service Commitment Payment Bonds Bonds Escrow Date Total Total Account City 2010 $ 754,221 $ 266,146 $ 266,146 $ 754,221 2011 757,507 266,146 266,146 757,507 2012 7,249,440 266,146 6,756,146 759,440 2013 - 741,446 - 741,446 2014 - 741,646 - 741,646 2015 - 741,046 - 741,046 2016 - 744,546 - 744,546 2017 - 742,146 - 742,146 2018-2022 - 3,701,299 - 3,701,299 2023 - 740,406 - 740,406 $ 8,761,168 $ 8,950,973 $ 7,288,438 $ 10,423,703 On March 26, 2009, the City issued $955,000 in General Obligation State Aid Streets Refunding Bonds, Series 2009A with an average interest rate of 2.52% to advance refund $930,000 of outstanding 2001B Series Bonds with an average interest rate of 4.90 %. The net proceeds of $944,954 were used to purchase U.S. Government Securities. Those securities were deposited in an irrevocable trust with an escrow agent to provide for the interest on the refunding bonds before the crossover date and called principal on the refunded bonds on February 1, 2010. The City advance refunded the 2001B General Obligation State Aid Street Bonds to reduce its total debt service payments over the last eight years of the bond by $156,795 and to obtain an economic gain (difference between the present value of the debt service payments on the old and new debt) of $71,529. The City is responsible for the debt service of the refunded bonds and the debt service of the refunding bonds after the crossover date. The debt service of the refunding bonds before the crossover date is payable from the escrow account. Assets held with the escrow agent total $936,829 at December 31, 2009. Note 7 LEGAL DEBT MARGIN The City is subject to a statutory limitation by the State of Minnesota for bonded indebtedness payable principally from property taxes. The City's legal debt margin for 2009 and 2008 is computed as follows: 67 Refunded Refunding Debt Service Commitment Payment Bonds Bonds Escrow Date Total Total Account City 2010 $ 968,445 $ 23,427 $ 949,848 $ 42,024 2011 - 236,009 - 236,009 2012 236,115 236,115 2013 240,765 240,765 2014 234,785 234,785 2015 - 60,840 - 60,840 $ 968,445 $ 1,031,941 $ 949,848 $ 1,050,538 Note 7 LEGAL DEBT MARGIN The City is subject to a statutory limitation by the State of Minnesota for bonded indebtedness payable principally from property taxes. The City's legal debt margin for 2009 and 2008 is computed as follows: 67 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 December 31, 2009 MOR Estimated taxable marketvalue $ 2,982,595,600 Debt limit (3% of market value) 89,477,868 Amount of debtapplicable to debt limit: Total bonded debt $ 65,175,000 Less: Nonapplicable debt G.O. water rev enue bonds (15,330,000) Special assessment bonds (2,450,000) Tax increment bonds (2,515,000) Permanent improvement revolving bonds (2,635,000) State aidbonds (2,555,000) Less: Cash and investments inrelated debt service funds (17, 973, 58 8) Total debt applicable to debt limit 21,716,412 Legal debt margin $ 67,761,456 Note 8 DEFINED BENEFIT PENSION PLANS - STATEWIDE A. PLAN DESCRIPTION $ 2,969,639,300 89,089,179 $ 67,050,000 (14,680,000) (3,015, 000) (3,275,000) (3,755,000) (1,760,000) (17,93 9,95 9) 22,625,04 1 $ 66,464,138 All full -time and certain part -time employees of the City are covered by defined benefit plans administered by the Public Employees Retirement Association of Minnesota (PERA). PERA administers the Public Employees Retirement Fund (PERT) and the Public Employees Police and Fire Fund (PEPFF), which are cost - sharing, multiple- employer retirement plans. These plans are established and administered in accordance with Minnesota Statute, Chapters 353 and 356. PERF members belong to either the Coordinated Plan or the Basic Plan. Coordinated Plan members are covered by Social Security and Basic Plan members are not. All new members must participate in the Coordinated Plan. All police officers, firefighters and peace officers who qualify for membership by statute are covered by the PEPFF. PERA provides retirement benefits as well as disability benefits to members, and benefits to survivors upon death of eligible members. Benefits are established by State Statute, and vest after three years of credited service. The defined retirement benefits are based on a member's highest average salary for any five successive years of allowable service, age, and years of credit at termination of service. Two methods are used to compute benefits for PERA's Coordinated and Basic Plan members. The retiring member receives the higher of a step -rate benefit accrual formula (Method 1) or a level accrual formula (Method 2). Under Method 1, the annuity accrual rate for a Basic Plan member is 2.2% of average salary for each of the first 10 years of service and 2.7% for each remaining year. The annuity accrual rate for a Coordinated Plan member is 1.2% of average salary for each of the first 10 years and 1.7% for each remaining year. Under Method 2, the annuity accrual rate is 2.7% of average salary for Basic Plan members and 1.7% for Coordinated Plan members for each year of service. For PEPFF members, the annuity accrual rate is 3.0% for each year of service. For all PEPFF and PERF members hired prior to July 1, 1989 whose annuity is calculated using Method 1, a full annuity is available when age plus years of service equal 90. Normal retirement age is 55 for PEPFF members and 65 for Basic and Coordinated members hired prior to July 1, 1989. Normal retirement age is the age for unreduced Social Security benefits capped at 66 for Coordinated members hired on or after July 1, 1989. A reduced retirement annuity is also available to eligible members seeking early retirement. There are different types of annuities available to members upon retirement. A single -life annuity is a lifetime annuity that ceases upon the death of the retiree — no survivor annuity is payable. There are also various types of joint and survivor annuity options available which will be payable over joint lives. Members may also leave their contributions in the fund upon termination of public service in order to qualify for a deferred annuity at retirement age. Refunds of contributions are available at any time to members who leave public service, but before retirement benefits begin. 68 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 The benefit provisions stated in the previous paragraphs of this section are current provisions and apply to active plan participants. Vested, terminated employees who are entitled to benefits but are not receiving them yet are bound by the provisions in effect at the time they last terminated their public service. PERA issues a publicly available financial report that includes financial statements and required supplementary information for PERF and PEPFF. That report may be obtained on the internet at www.mnpera.org, by writing to PERA, 60 Empire Drive #200, St. Paul, Minnesota, 55103 -2088 or by calling (651) 296 -7460 or 1- 800 - 652 -9026. B. FUNDING POLICY Minnesota Statutes Chapter 353 sets the rates for employer and employee contributions. These statutes are established and amended by the state legislature. The City makes annual contributions to the pension plans equal to the amount required by state statutes. PERF Basic Plan members and Coordinated Plan members were required to contribute 9.10% and 6.00 %, respectively, of their annual covered salary in 2009. PEPEE members are required to contribute 9.40% of their annual covered salary in 2009. The City is required to contribute the following percentages of annual covered payroll: 11.78% for Basic Plan PERF members, 6.75% for Coordinated Plan PERF members, and 14.1% for PEPEE members. Employee contributions for the Coordinated Plan PERF members will increase to 7.00% effective January 1, 2010. The City's contributions to the Public Employees Retirement Fund for the years ending December 31, 2009, 2008 and 2007 were $231,302, $225,073 and $213,396, respectively. The City's contributions to the Public Employees Police and Fire Fund for the years ending December 31, 2009, 2008 and 2007 were $24,464, $21,367 and $18,600, respectively. The City's contributions were equal to the contractually required contributions for each year as set by state statute. C. DEFINED CONTRIBUTION LUMP SUM SERVICE PENSION PLAN — VOLUNTEER FIREFIGHTERS RELIEF ASSOCIATION PLAN DESCRIPTION Members of the City's volunteer fire department are members of the Andover Firefighters' Relief Association. The Association is the administrator of a single- employer defined contribution plan available to firefighters that was established October 9, 1979 and operates under the provisions of Minnesota Statutes Section 424A. It is governed by a board of six members elected by the members of the Association for three -year terms. The City's Mayor, Finance Manager and Fire Chief are ex- officio members of the Board of Trustees. The Association provides retirement benefits as well as disability benefits to members, and benefits to survivors upon death of eligible members. 1. Twenty -Year Service Pension — In order to be entitled to a pension benefit, a firefighter must have completed a minimum of five years of service with the Department and five years membership in the Association and attain the age of 50 years. The firefighter will then be 40% vested. This percentage increases 4% per year until the twentieth year when 100% vesting will occur. Because this is a defined contribution plan, the amount of the retirement benefit is not predetermined, but rather is based on the individual member's allocable portion of contributions made during the participation period. 2. Deferred Pension — If the retired or terminated member has not attained age 50 and is otherwise eligible for the pension benefit, the balance of the member's account will be credited with earned interest at the rate permitted by Minnesota Statutes Section 424.A02, Subd.7. 3. Disability Benefit — If a member of the Association becomes totally and permanently disabled due to injury, disability, sickness or dismemberment as a result of performance of duty, a disability payment will be made after one hundred days of disability. 4. Death Benefit — In the event of death of an active member or deferred pensioner, the member's individual account balance will be paid to the surviving spouse, surviving children or the estate of the member after approval by the Board. M&I CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 The Association issues a publicly available financial report that includes financial statements and required supplementary information. That report may be obtained by writing to Andover Firefighters' Relief Association, 13875 Crosstown Boulevard NW, Andover, Minnesota 55304. FUNDING POLICY The State of Minnesota contributes amortization aid, or two percent fire aid, in accordance with state statute requirements. Plan members are not required to contribute to the plan. The state legislature may amend contribution requirements of the City and State. The City is allowed to make voluntary contributions of other public funds pursuant to Minnesota Statutes Chapter 69. The City receives the State aid contribution and is required by state statutes to pass this through as payment to the Association. This transaction is recorded as revenue and expenditure in the City's financial statements. Contributions for the last three years are as follows: Year Ending City State Total 12/31/2007 $ 50,000 $ 143,666 $ 193,666 12/31/2008 50,000 121,813 171,813 12/31/2009 50,000 103,492 153,492 Note 9 OTHER POST EMPLOYMENT BENEFITS (OPEB) In 2008, the City prospectively implemented the requirement of a new accounting pronouncement, GASB Statement No. 45, Accounting and Financial Reporting by Employers for Post Employment Benefits Other than Pensions. A. PLAN DESCRIPTION In addition to providing the pension benefits described in Note 8, the City provides post employment health care benefits (as defined in paragraph B) for retired employees through a single employer defined benefit plan. The term plan refers to the City's requirement by State Statute to provide retirees with access to health insurance. The OPEB plan is administered by the City. The authority to provide these benefits is established in Minnesota Statutes Sections 471.61 Subd. 2a, and 299A.465. The benefits, benefit levels, employee contributions and employer contributions are governed by the City and can be amended by the City through its personnel manual and collective bargaining agreements with employee groups. The Plan is not accounted for as a trust fund, as an irrevocable trust has not been established to account for the plan. The Plan does not issue a separate report. B. BENEFITS PROVIDED Retirees The City is required by State Statute to allow retirees to continue participation in the City's group health insurance plan if the individual terminates service with the City through service retirement or disability retirement. Employees who satisfy the rule of 90 or attain age 55 and have completed 10 years of service at termination can immediately commence medical benefits. Retirees may obtain dependent coverage while the participating retiree is under age 65. Covered spouses may continue coverage after the retiree's death. The surviving spouse of an active employee may continue coverage in the group health insurance plan after the employee's death. All health care coverage is provided through the City's group health insurance plan. The retiree is required to pay 100% of their premium cost for the City- sponsored group health insurance plan. The premium is a blended rate determined by the entire active and retiree population. Since the projected claims costs for retirees exceed the blended premium paid by retirees, the retirees are receiving an implicit rate subsidy (benefit). The coverage levels are the same as those afforded to active employees. Upon a retiree reaching age 65 years of age, Medicare becomes the primary insurer and the City's plan becomes secondary. C. PARTICIPANTS As of the actuarial valuation dated January 2008, participants consisted of: rit CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 Retirees and beneficiaries currently purchasing health insurance through the City 3 Active employees 52 Total 55 Participating employers 1 D. FUNDING POLICY The additional cost of using a blended rate for actives and retirees is currently funded on a pay -as- you -go basis. The City Council may change the funding policy at any time. E. ANNUAL OPEB COSTS AND NET OPEB OBLIGATION The City's annual other post employment benefit (OPEB) cost is calculated based on the annual requirement contribution (ARC) of the employer, an amount actuarially determined in accordance with the parameters of GASB Statement No. 45. The ARC represents a level of funding that, if paid on an ongoing basis, is projected to cover normal costs each year and amortized any unfunded actuarial liabilities (or funding excess) over period not to exceed 30 years. The net OPEB obligation as of December 31, 2009, was calculated as follows: Annual required contribution (ARC) $ 53,096 Amortization of net OPEB obligation (2,455) Interest on net OPEB obligation 1,699 Annual OPEB cost 52,340 Contributions made during the year (14,615) Increase (decrease) in net OPEB obligation 37,725 Net OPEB obligation - beginning of year 42,466 Net OPEB obligation - end of year $ 80,191 The City first had an actuarial valuation performed for the plan as of January 1, 2008 to determine the funded status of the plan as of that date as well as the employer's annual required contribution (ARC) for the fiscal year ended December 31, 2008. The City's annual OPEB cost (expense) of $53,096 was equal to the ARC for the fiscal year, as the transition liability was set at zero as of December 31, 2007. The City's annual OPEB cost, the percentage of annual OPEB cost contributed to the plan and the net OPEB obligation for 2008 and 2009 are as follows: Annual Employer Fiscal Year Ended OPEB Cost Contributions Percentage of Annual OPEB Net OPEB Cost Contributed Obligation December 31, 2008 $ 53,096 $ 10,630 20.0% $ 42,466 December 31, 2009 52,340 14,615 27.9% 80,191 F. FUNDED STATUS AND FUNDING PROGRESS The City currently has no assets that have been irrevocably deposited in a trust for future health benefits; therefore, the actuarial value of assets is zero. The funded status of the plan was as follows: r`i CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 January 1, 2008 $ 324,387 $ 324,387 0.00% $ 5,400,000 6.01% *using the Projected Unit Credit actuarial method Note, the first OPEB actuarial valuation was conducted as of January 1, 2008. There is no data available prior to this date. G. ACTUARIAL METHODS AND ASSUMPTIONS Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events for into the future. Examples include assumptions about future employment, mortality and the health care cost trend. Amounts determined regarding the funded status of the plan and the annual required contributions (ARC) of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. The schedule of funding progress, presented as required supplementary information following the notes of the financial statements, presents multi -year trend information that shows whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liabilities for benefits. Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and plan members) and include the types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit cost between the employer and plan members to that point. The actuarial methods and assumptions used include techniques that are designed to reduce the effect of short -term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long -term perspective of the calculations. In the January 1, 2008 actuarial valuation, the Projected Unit Credit Actuarial cost method was used. The actuarial assumptions included a 4.0% investment rate of return (net of administrative expenses) and an initial annual health care cost trend of 10.0% reduced by 0.5% each year to arrive at an ultimate health care cost trend of 5.0 %. The actuarial value of assets was $0. The plan's unfunded actuarial accrued liability is being amortized as a level dollar amount over 30 years on a closed basis. The remaining amortization period at December 31, 2009 was 28 years. Note 10 INTERFUND RECEIVABLES /PAYABLES, LOANS AND TRANSFERS Individual fund interfund receivable and payable balances at December 31, 2009 are as follows: Fund Governmental Funds: Major Funds: General Fund 2006 EDA Public Facility Lease Revenue Refunding Bonds DSF 2007 EDA Public Facility Lease Revenue Refunding Bonds DSF Water Trunk CPF Sewer Trunk CPF Nonmajor Governmental Funds Total governmental funds Receivable Payable Unfunded $ 670,000 $ - - Actuarial UAAL as a Actuarial Actuarial Accrued Percentage of Actuarial Value of Accrued Liability Fund Covered Covered Valuation Date Assets Liability * (UAAL) Ratio Payroll Payroll (a) (b) (b -a) (a/b) (c) ((b -a) /c) January 1, 2008 $ 324,387 $ 324,387 0.00% $ 5,400,000 6.01% *using the Projected Unit Credit actuarial method Note, the first OPEB actuarial valuation was conducted as of January 1, 2008. There is no data available prior to this date. G. ACTUARIAL METHODS AND ASSUMPTIONS Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and assumptions about the probability of occurrence of events for into the future. Examples include assumptions about future employment, mortality and the health care cost trend. Amounts determined regarding the funded status of the plan and the annual required contributions (ARC) of the employer are subject to continual revision as actual results are compared with past expectations and new estimates are made about the future. The schedule of funding progress, presented as required supplementary information following the notes of the financial statements, presents multi -year trend information that shows whether the actuarial value of plan assets is increasing or decreasing over time relative to the actuarial accrued liabilities for benefits. Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and plan members) and include the types of benefits provided at the time of each valuation and the historical pattern of sharing of benefit cost between the employer and plan members to that point. The actuarial methods and assumptions used include techniques that are designed to reduce the effect of short -term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent with the long -term perspective of the calculations. In the January 1, 2008 actuarial valuation, the Projected Unit Credit Actuarial cost method was used. The actuarial assumptions included a 4.0% investment rate of return (net of administrative expenses) and an initial annual health care cost trend of 10.0% reduced by 0.5% each year to arrive at an ultimate health care cost trend of 5.0 %. The actuarial value of assets was $0. The plan's unfunded actuarial accrued liability is being amortized as a level dollar amount over 30 years on a closed basis. The remaining amortization period at December 31, 2009 was 28 years. Note 10 INTERFUND RECEIVABLES /PAYABLES, LOANS AND TRANSFERS Individual fund interfund receivable and payable balances at December 31, 2009 are as follows: Fund Governmental Funds: Major Funds: General Fund 2006 EDA Public Facility Lease Revenue Refunding Bonds DSF 2007 EDA Public Facility Lease Revenue Refunding Bonds DSF Water Trunk CPF Sewer Trunk CPF Nonmajor Governmental Funds Total governmental funds Receivable Payable $ 670,000 $ - - 5,000 - 5,000 61,000 - 615,000 - 1,336,000 $ 1,346,000 $ 1,346,000 Interfund receivables and payables are representative of lending/borrowing arrangements to cover deficit cash balances at the end of the fiscal year. r` CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 Interfund transfers: Fund Transfer In Transfer Out Governmental Funds: Authorizing Law. M.S. Section 472 Major Funds: 1986 Duration of District: General Fund $ 196,930 $ Water Trunk CPF - 165,643 Sewer Trunk CPF 350,000 - Road & Bri dge CPF 9,400 - Tax Increment Projects CPF - 820,000 Permanent Improvement Revolving CPF - 1,230,000 No nmaj or Funds 2,75 0,141 699,541 Total governmental funds 3,306,471 2,915,184 Proprietary Funds: Enterprise Funds: Water 165,643 150,250 Sewer - 396,680 Storm Sewer - 10,000 Total proprietary funds 165,643 556,930 Total $ 3,472,114 $ 3,472,114 Interfund transfers allow the City to allocate financial resources to the funds that receive benefit from services provided by another fund. Most of the City's interfund transfers fall under that category. Non - routine transfers include a one -time transfer of $326,276 to the Open Space Referendum Bonds CPF from the Open Space Referendum Bonds DST for the acquisition of land to be set aside as open space. Additionally, computer service fees paid by the Water, Sewer and Storm Sewer Enterprise Funds to the General Fund have been reclassified as transfers on the Government -Wide Statement of Activities as follows: Transfer In Transfer Out Governmental Activities $ 30,600 $ Business -Type Activities - 30,600 Total $ 30,600 $ 30,600 Note 11 TAX INCREMENT DISTRICTS The City is the administering authority for the following tax increment finance districts 1. Name of District: Andover Redevelopment District 1 -1 Type of District: Redevelopment Authorizing Law. M.S. Section 472 Established: 1986 Duration of District: Through 2012 Original net tax capacity: $ 139,601 Current net tax capacity: 2,044,050 Captured nettax capacity - retained bythe City $ 1,904,449 Total District Bonds issued $ 19,250,000 Amount redeemed (16,735,000) Bonds outstanding December 31, 2009 $ 2,515,000 73 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 Name of District: Type of District: Authorizing Law: Established: Duration of District: Original net tax capacity: Current net tax capacity: Andover Redevelopment District 1 -2 Redevelopment M.S. Section 472 1986 Through 2014 $ 4,542 25 8, 368 Captured net tax capacity - retained by the City $ 253,826 3. Name ofDistrict: Tax Increment Financing District 1 -3 (Farmstead Project) Type of District: Redevelopment Authorizing Law: M.S. Section 469 Established: 1997 Duration of District: Through 2024 Original net tax capacity: $ 7,314 Current net tax capacity: 163,219 Captured net tax capacity - retained by the City $ 155,905 4. Name ofDistrict: Tax Increment Financing District 1 -4 Type of District: Redevelopment Authorizing Law: M.S. Section 469 Established: 2005 Duration of District: Through 2031 Original net tax capacity: $ 67,162 Current net tax capacity: 96,315 Captured net tax capacity - retained by the City S 29,153 Note 12 DEFICIT FUND BALANCES The City has deficit fund balances at December 31, 2009 as follows: Fund Amount Special Revenue Funds: Community Center $ 419,239 Capital P rcj ects Funds: Storm Sewer Project 59,977 Open Space Referrendum Bonds 609,546 Note 13 CONTINGENCIES A. RISK MANAGEMENT The City is exposed to various risks of loss related to torts, theft of, damage to and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The City participates in the League of Minnesota Cities Insurance Trust (LMCIT), a public entity risk pool for its general property and casualty, workers' compensation, and other miscellaneous insurance coverages. Workers compensation coverage is provided through a pooled self- insurance program through the LMCIT. The City pays an annual premium to LMCIT. The City is subject to supplemental assessments if deemed necessary by the LMCIT. The LMCIT reinsures through Workers Compensation Reinsurance Association (WCRA) as required by law. For workers compensation, the City enrolls with a state - certified managed care organization to receive a 2% premium credit towards the cost of coverage. The City also has a $2,500 deductible per occurrence to further decrease the cost of coverage. Final premiums are determined 74 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 after an audit of payroll subsequent to the close of the agreement year and are subject to revisions in rates, payrolls and experience modification. The amount of premium adjustment, if any, is considered immaterial and not recorded until received or paid. Property, casualty, and automobile insurance coverage are provided through a pooled self- insurance program through the LMCIT. The City pays an annual premium to the LMCIT. The LMCIT reinsures through commercial companies for claims in excess of various amounts. The City retains risk for the deductible portions. These deductibles are considered immaterial to the financial statements. The City continues to carry commercial insurance for all other risks of loss, including employee health and disability insurance. There were no significant reductions in insurance from the previous year or settlements in excess of insurance coverage for any of the past three fiscal years. B. LITIGATION The City attorney has indicated that existing and pending lawsuits, claims and other actions in which the City is a defendant are either covered by insurance; of an immaterial amount; or, in the judgment of the City attorney, remotely recoverable by plaintiffs. C. FEDERAL AND STATE FUNDS The City receives financial assistance from federal and state governmental agencies in the form of grants. The disbursement of funds received under these programs generally requires compliance with the terms and conditions specified in the grant agreements and are subject to audit by the grantor agencies. Any disallowed claims resulting from such audits could become a liability of the applicable fund. However, in the opinion of management, any such disallowed claims will not have a material effect on any of the financial statements of the individual fund types included herein or on the overall financial position of the City at December 31, 2009. D. TAX INCREMENT DISTRICTS The City's tax increment districts are subject to review by the State of Minnesota Office of the State Auditor (OSA). Any disallowed claims or misuse of tax increments could become a liability of the applicable fund. Management has indicated that they are not aware of any instances of noncompliance that would have a material effect on the financial statements. E. PAY -AS- YOU -GO TAX INCREMENT The City has one tax increment pay -as- you -go agreement. The agreement is not a general obligation of the City and is payable solely from tax increments. Accordingly, this agreement is not reflected in the financial statements of the City. Details of the pay -as- you -go are as follows: TIF District #1 -3, Farmstead Project: The pay -as- you -go agreement for TIF District #1 -3 provides for the payment of 90% of all tax increment received and will be completed February 1, 2015. Note 14 DEFERRED AD VALOREM TAX LEVIES - BONDED DEBT General Obligation bond issues sold by the City are financed by ad valorem tax levies and special assessment bond issues sold by the City are partially financed by ad valorem tax levies in addition to special assessments levied against the benefiting properties. When a bond issue to be financed partially or completely by ad valorem tax levies is sold, specific annual amounts of such tax levies are stated in the bond resolution and the County Auditor is notified and instructed to levy these taxes over the appropriate years. The future tax levies are subject to cancellation when and if the City has provided alternative sources of financing. The City Council is required to levy any additional taxes found necessary for full payment of principal and interest. Mi. CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 These future scheduled tax levies are not shown as assets in the accompanying financial statements at December 31, 2009. Future scheduled tax levies for all bonds outstanding at December 31, 2009 totaled $22,937,428. Note 15 DESIGNATIONS AND RESERVATIONS OF FUND EQUITY Fund equities are classified as follows to reflect limitations and restrictions of the respective funds: IWO Innk Governmental Funds: Major Funds: General Fund Reserved for prepaid items Reserved for inventory Designated for snow emergency Designated for public safety Designated for facility management Designated for information technology Designated for working cash flow 2006 EDA Public Facility Lease Revenue Refunding Bonds DSF Reserved for debt service 2007 EDA Public Facility Lease Revenue Refunding BondsDSF Reserved for debt service Water Trunk CPF Designated for projects Sewer Trunk CPF Designated for projects Road & Bridge CPF Designated for projects Tax Increment Projects CPF Reserved for notes receivable Designated for projects Permanent Improvement Revolving CPF Designated for projects Nonmajor Funds Reserved for prepaid items Reserved for inventory Reserved for economic development Reserved for debt service Reserved for projects Designated for working cash flow Designated for projects Designated for equipment Total Governmental Funds rc $ 103,804 103,711 65,000 65,000 65,000 65,000 3,860,897 9,932,006 6,822,086 2,673,600 3,134,884 3,195,162 4,403,558 1,343,245 8,250 5,618 9,828 3,5 51,3 90 427,017 507,253 538,840 734,872 $ 41,616,021 $ 108,415 85,390 70,000 70,000 70,000 70,000 3,701,230 9,935,142 6,825,235 2,95 3 ,849 2,733,130 2,497,381 119,000 3,515,261 1,627,996 6,500 8,446 2,260 3,372,226 485,494 466,978 600,422 629,129 $ 39,953,484 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 Note 16 CONDUIT DEBT OBLIGATION Conduit debt obligations are certain limited - obligation revenue bonds or similar debt instruments issued for the express purpose of providing capital financing for a specific third party. The City has issued various revenue bonds to provide funding to private- sector entities for projects deemed to be in the public interest. Although these bonds bear the name of the City, the City has no obligation for such debt beyond the resources provided by related leases or loans. Accordingly, the bonds are not reported as liabilities in the financial statements of the City. As of December 31, 2009, the following revenue bonds were outstanding Note 17 OPERATING LEASES The City received revenue from two agreements for the lease of space for antennas placed on the water tower. The City also has a lease with the Greater Minneapolis YMCA for building space at the Andover YMCA Community Center. Terms of each lease are as follows: Date of Original Outstanding Project Issue Issue Retired 12/31/2009 Expiration Downtown Center 7/15/1997 $ 5,645,000 $ (4,400,000) $ 1,245,000 Downtown Center 7/15/1997 1,250,000 (1,250,000) - Presbyterian Homes of Andover, Inc. 12/1/1998 720,000 (720,000) - Presbyterian Homes of Andover, Inc. 11/1/2003 13,145,000 (1,403,827) 11,741,173 Total 3,000 $ 20,760,000 $ (7,773,827) $ 12,986,173 Note 17 OPERATING LEASES The City received revenue from two agreements for the lease of space for antennas placed on the water tower. The City also has a lease with the Greater Minneapolis YMCA for building space at the Andover YMCA Community Center. Terms of each lease are as follows: Future minimum lease payments are unavailable at this time due to changing variables: CPI and the completion of the capital campaign for the community center. Note 18 SUBSEQUENT EVENTS The City sold $1,660,000 of General Obligation Open Space Referendum Bonds, Series 2010A on February 18, 2010 to finance land acquisitions within the City. The rates of the bonds per year ranged from 2.00% - 3.15% with a true interest cost of 2.64 %. Principal payments are due in 2012 — 2022. The City sold $1,480,000 of General Obligation Permanent Improvement Revolving (PIR) Refunding Bonds, Series 2010A on February 18, 2010 to refund the General Obligation PIR Bonds, Series 2006A. The rates of the bonds per year are 2.00% with a true interest cost of 1.24 %. Principal payments are due in 2011 — 2014. Note 19 RECENTLY ISSUED ACCOUNTING STANDARDS The Governmental Accounting Standards Boards (GASB) recently approved the following statements which were not implemented for these financial statements: Statement No. 51 Accounting and Financial Reporting for Intangible Assets. The provisions of this Statement are effective for financial statements for periods beginning after June 15, 2009. 77 2009 Lease Annual Lease Expiration Renewal Location Lessee Amount Adjustment Factor Date Options City Hall water tower Sprint Nextel $ 24,499 Greater of CPI or 4% 12/31/2012 3- 5 year tuns City Hall water tower T- Mobile USA, Inc 19,981 Greater of CPI or 4% 12/31/2011 3 - 5 year tuns Emergency Siren Pole T- Mobile USA, Inc 3,000 $1,000 annual increase 6/17/2013 3- 5 year terms Andover YMCA Comm Ctr Greater Minneapolis YMCA 635,000 None 8/1/2035 N/A Future minimum lease payments are unavailable at this time due to changing variables: CPI and the completion of the capital campaign for the community center. Note 18 SUBSEQUENT EVENTS The City sold $1,660,000 of General Obligation Open Space Referendum Bonds, Series 2010A on February 18, 2010 to finance land acquisitions within the City. The rates of the bonds per year ranged from 2.00% - 3.15% with a true interest cost of 2.64 %. Principal payments are due in 2012 — 2022. The City sold $1,480,000 of General Obligation Permanent Improvement Revolving (PIR) Refunding Bonds, Series 2010A on February 18, 2010 to refund the General Obligation PIR Bonds, Series 2006A. The rates of the bonds per year are 2.00% with a true interest cost of 1.24 %. Principal payments are due in 2011 — 2014. Note 19 RECENTLY ISSUED ACCOUNTING STANDARDS The Governmental Accounting Standards Boards (GASB) recently approved the following statements which were not implemented for these financial statements: Statement No. 51 Accounting and Financial Reporting for Intangible Assets. The provisions of this Statement are effective for financial statements for periods beginning after June 15, 2009. 77 CITY OF ANDOVER, MINNESOTA NOTES TO FINANCIAL STATEMENTS December 31, 2009 Statement No. 53 Accounting and Financial Reporting for Derivative Instruments. The provisions of this Statement are effective for financial statements for periods beginning after June 15, 2009. Statement No. 54 Fund Balance and Government Fund Type Definitions. The provisions of this Statement are effective for financial statements for periods beginning after June 15, 2010. The effect these standards may have on future financial statements is not determinable at this time. 78 REQUIRED SUPPLEMENTARY INFORMATION r*; CITY OF ANDOVER, MINNESOTA REQUIRED SUPPLEMENTARY INFORMATION 2,545,642 2,545,642 2,545,642 Statement 10 BUDGETARY COMPARISON SCHEDULE - GENERAL FUND 1,105,102 1,105,102 998,351 106,751 For The Year Ended December 31, 2009 Protective inspection 452,938 452,938 435,102 17,836 With Comparative Actual Amounts For The Year Ended December 31, 2008 Civil defense 16,909 16,909 14,935 1,974 13,305 Animal control Variance with 10,750 11,376 (626) 7,095 Total public safety Final Budget - 4,131,341 4,005,406 Budgeted Amounts 3,785,803 Public works: Positive 2008 Original Final Actual (Negative) Actual Revenues: 56,288 613,896 Snow and ice removal 526,036 516,036 General property taxes $ 6,878,536 $ 6,651,795 $ 6,588,601 $ (63,194) $ 6,249,011 Licenses and permits 442,580 442,580 291,903 (150,677) 525,339 Intergovernmental 601,948 828,689 595,002 (233,687) 709,251 Charges for services 620,022 620,022 701,289 81,267 772,430 Fines 95,375 95,375 110,779 15,404 104,930 Investment income 115,000 115,000 76,772 (38,228) 137,966 Miscellaneous 83,550 83,550 130,523 46,973 116,950 Total revenues 8,837,011 8,837,011 8,494,869 (342,142) 8,615,877 Expenditures: Current: General government: Mayor and City council 108,375 108,375 105,319 3,056 103,067 Administration 152,701 152,701 128,532 24,169 127,771 Newsletter 25,000 25,000 22,405 2,595 19,667 Human resources 62,773 62,773 54,625 8,148 59,006 Legal 178,500 178,500 172,900 5,600 171,300 City clerk 101,121 101,121 96,621 4,500 158,203 Elections 6,372 6,372 6,139 233 40,907 Financial administration 221,760 221,760 210,204 11,556 212,761 Assessing 152,500 152,500 120,113 32,387 119,090 Information systems 150,417 140,417 122,614 17,803 137,286 Planning and zoning 362,970 360,470 323,681 36,789 359,140 Engineering 436,405 435,405 388,285 47,120 399,436 Facility management 509,328 484,328 409,929 74,399 408,238 Total general government 2,468,222 2,429,722 2,161,367 268,355 2,315,872 Public safety Police 2,545,642 2,545,642 2,545,642 - 2,318,241 Fire protection 1,105,102 1,105,102 998,351 106,751 991,636 Protective inspection 452,938 452,938 435,102 17,836 455,526 Civil defense 16,909 16,909 14,935 1,974 13,305 Animal control 10,750 10,750 11,376 (626) 7,095 Total public safety 4,131,341 4,131,341 4,005,406 125,935 3,785,803 Public works: Streets and highways 628,378 623,378 567,090 56,288 613,896 Snow and ice removal 526,036 516,036 462,849 53,187 457,587 Street signs 185,913 169,913 159,213 10,700 170,358 Traffic signals 34,000 34,000 26,090 7,910 15,057 Street lighting 193,400 193,400 213,307 (19,907) 188,213 Total public works $ 1,567,727 $ 1,536,727 $ 1,428,549 $ 108,178 $ 1,445,111 (Continued) 80 CITY OF ANDOVER, MINNESOTA REQUIRED SUPPLEMENTARY INFORMATION Statement 10 BUDGETARY COMPARISON SCHEDULE - GENERAL FUND (Continued) For The Year Ended December 31, 2009 With Comparative Actual Amounts For The Year Ended December 31, 2008 Variance with Final Budget - Budgeted Amounts Positive 2008 Original Final Actual (Negative) Actual Expenditures: Current: (continued) Parks and recreation $ 897,749 $ 887,749 $ 835,636 $ 52,113 $ 867,652 Recycling 98,607 98,607 85,527 13,080 86,631 Unallocated 20,000 20,000 19,540 460 17,999 Total current 9,183,646 9,104,146 8,536,025 568,121 8,519,068 Capital outlay: General government - - - - 3,428 Parks and recreation 2,397 (2,397) - Total capital outlay - - 2,397 (2,397) 3,428 Total expenditures 9,183,646 9,104,146 8,538,422 565,724 8,522,496 Revenues over (under) expenditures (346,635) (267,135) (43,553) 223,582 93,381 Other financing sources (uses): Transfers in 196,930 196,930 196,930 - 191,194 Net increase (decrease) in fund balance $ (149,705) $ (70,205) $ 153,377 $ 223,582 $ 284,575 Fund balance - January 1 4,175,035 3,890,460 Fund balance - December 31 $ 4,328,412 $ 4,175,035 81 CITY OF ANDOVER, MINNESOTA REQUIRED SUPPLEMENTARY INFORMATION SCHEDULE OF FUNDING PROGRESS - OTHER POST EMPLOYMENT BENEFITS PLAN For The Year Ended December 31, 2009 Actuarial Actuarial Value of Valuation Date Assets (a) Statement 11 UAAL as a Percentage of Fund Covered Covered Ratio Payroll Payroll (a/b) (c) ((b -a) /c) January 1, 2008 $ - $ 324,387 $ 324,387 0.00% $ 5,400,000 6.01% The City implemented GASB Statement No. 45 for the year ended December 31, 2008. Information for prior years is not available. 82 Unfunded Actuarial Actuarial Accrued Accrued Liability Liability (UAAL ) (b) (b -a) Statement 11 UAAL as a Percentage of Fund Covered Covered Ratio Payroll Payroll (a/b) (c) ((b -a) /c) January 1, 2008 $ - $ 324,387 $ 324,387 0.00% $ 5,400,000 6.01% The City implemented GASB Statement No. 45 for the year ended December 31, 2008. Information for prior years is not available. 82 CITY OF ANDOVER, MINNESOTA REQUIRED SUPPLEMENTARY INFORMATION NOTES TO REQUIRED SUPPLEMENTARY INFORMATION December 31, 2009 Note A BUDGETS The General Fund budget is legally adopted on a basis consistent with accounting principles generally accepted in the United States of America. The legal level of budgetary control is at the departmental level for the General Fund. The following is a listing of General Fund departments whose expenditures exceed budget appropriations. F inal Over Budget Actual Budget General Fund Currant: Public safety: Animal control $ 10,750 $ 11,376 $ 626 Public works: Street lighting 193,400 213,307 19,907 Capital outlay: Parks and recreation - 2,397 2,397 Note B MODIFIED APPROACH FOR CITY STREETS AND TRAILS INFRASTRUCTURE CAPITAL ASSETS In accordance with GASB Statement No. 34, the City is required to account for and report infrastructure capital assets. The City defines infrastructure as the basic physical assets including the street and trail system; water treatment and distribution system; wastewater collection system; park and recreation lands and improvement system; storm water conveyance system; and building combined with site amenities such as parking and landscape areas used by the City in the conduct of its business. Each major infrastructure can be divided into subsystems. For example, the street and trail system can be divided into pavement widths, curb type and sidewalk. City owned streets could further be classified as collector or local. Subsystem detail is not presented in these basic financial statements; however, the City maintains detailed information on these subsystems. The City has elected to use the modified approach as defined in GASB Statement No. 34 for infrastructure reporting for its Pavement Management Program. Under GASB Statement No. 34, eligible infrastructure capital assets are not required to be depreciated under the following requirements: 1) The City manages the eligible infrastructure capital assets using an asset management system with characteristics of (1) an up to -date inventory; (2) perform condition assessments and summarize the results using a measurement scale; and (3) estimate annual amount to maintain and preserve at the established condition assessment level. 2) The City documents that the eligible infrastructure capital assets are being preserved approximately at or above the established and disclosed condition assessment level. In the fall of 2009, the City conducted a physical condition assessment of the streets and trails constructed since 1974. This assessment will be performed every three years. Each street and trail segment was assigned a physical condition based on potential defects. An Overall Condition Index (OCI) was assigned to each street and trail and expressed in a continuous scale from 0 to 100, where 0 is assigned to the least acceptable physical condition and 100 is assigned the physical characteristics of a new street or trail. The following conditions were defined: Condition Rating Excellent 86- 100 Very Good 71-85 Good 56-70 Fair 41 -55 Poor 26-40 Very Poor 11-25 Substandard 0- 10 83 CITY OF ANDOVER, MINNESOTA REQUIRED SUPPLEMENTARY INFORMATION NOTES TO REQUIRED SUPPLEMENTARY INFORMATION December 31, 2009 As of December 31, 2009, the City's street and trail system was rated at an OCI index of 81 on the average with detail condition as follows: % of Street Condition and Trails Excellent to Good 92.9% Fair 5.4% Poor to Substandard 1.7% The City's streets and trails are constantly deteriorating resulting from the following factors: (1) traffic using the system; (2) the sun's ultra - violet rays drying out and breaking down the top layer of pavement; (3) utility company /private development trenching operations; (4) water damage from natural precipitation; and (5) frost heave. The City is continuously taking actions to prolong the life of the system through short -term maintenance activities such as pothole patching, crack sealing, seal coating and overlaying. The City expended $1,666,216 on street and trail maintenance for the year ending December 31, 2009. These expenditures delayed deterioration; however, the overall condition of the system was not improved through these maintenance expenditures. The City has estimated that the amount of annual expenditures required to maintain the City's street and trail system at the average OCI rating of good is approximately $1,150,000. The City has an on -going street and trail rehabilitation program funded in the Capital Improvement Program that is intended to improve the condition rating of the City streets and trails. The rehabilitation program is formulated based on the deficiencies identified as a part of its Pavement Management Program. 84 Maintenance Actual OCI Year Estimate Expenditures Rating 2003 $ 950,000 $ 956,688 82 2004 1,000,000 1,847,066 82 2005 1,000,000 1,655,715 83 2006 1,150,000 1,228,981 82 2007 1,150,000 1,256,433 81 2008 1,150,000 2,244,713 80 2009 1,150,000 1,666,216 81 The City has an on -going street and trail rehabilitation program funded in the Capital Improvement Program that is intended to improve the condition rating of the City streets and trails. The rehabilitation program is formulated based on the deficiencies identified as a part of its Pavement Management Program. 84 COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES 85 NONMAJOR GOVERNMENTAL FUNDS SPECIAL REVENUE FUNDS A Special Revenue Fund is used to account for the proceeds of specific revenue sources that are legally restricted to expenditures for specified purposes. Revenues 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. DEBT SERVICE FUNDS A Debt Service Fund accounts for the accumulation of resources for, and the payment of general long -term principal, interest and other related costs. CAPITAL PROJECTS FUNDS A Capital Projects Fund is 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. E:I CITY OF ANDOVER, MINNESOTA COMBINING BALANCE SHEET NONMAJOR GOVERNMENTAL FUNDS December 31, 2009 With Comparative Totals For December 31, 2008 550,000 110,000 676,000 1,336,000 Statement 12 Accounts payable 70,235 - 2,040 72,275 Totals Contracts payable Special Debt Capital Nonmajor Governmental Funds - Revenue Service Projects 2009 2008 Assets: Due to other governmental units 3,358 3,358 Cash and investments $ 1,806,828 $ 1,985,909 $ 497,300 $ 4,290,037 $ 4,978,035 Cash and investments with escrow agent 25,316 1,646,888 - 1,672,204 726,874 Accrued interest 6,479 7,261 1,770 15,510 51,142 Due from other governmental units - - - - 39,562 Accounts receivable - net 160,788 49,012 3,551,390 160,788 139,683 Interfund receivable - - 10,000 Prepaid items 8,250 - - 8,250 6,500 Property taxes receivable: Undesignated (458,423) - (669,523) (1,127,946) Unremitted 2,056 21,332 488 23,876 19,263 Delinquent 6,740 58,983 1,581 67,304 66,056 Special assessments receivable: Delinquent - 32,988 - 32,988 10,392 Deferred - 393,935 393,935 448,508 Notes receivable 64,012 - 64,012 69,852 Inventories - at cost 5,618 - - 5,618 8,446 Total assets 2,086,087 4,147,296 501,139 6,734,522 6,574,313 Liabilities and Fund Balance Liabilities: Interfund payable 550,000 110,000 676,000 1,336,000 840,000 Accounts payable 70,235 - 2,040 72,275 84,985 Contracts payable 3,428 - 3,428 - Deposits payable 28,327 28,327 33,970 Due to other governmental units 3,358 3,358 3,332 Salaries payable 18,546 - - 18,546 15,349 Deferred revenue 129,979 485,906 1,581 617,466 691,980 Total liabilities 803,873 595,906 679,621 2,079,400 1,669,616 Fund balance (deficit): Reserved 49,012 3,551,390 401,701 4,002,103 3,874,926 Unreserved: Designated 1,691,625 - 89,340 1,780,965 1,696,529 Undesignated (458,423) - (669,523) (1,127,946) (666,758) Total fund balance 1,282,214 3,551,390 (178,482) 4,655,122 4,904,697 Total liabilities and fund balance $ 2,086,087 $ 4,147,296 $ 501,139 $ 6,734,522 $ 6,574,313 87 CITY OF ANDOVER, MINNESOTA COMBINING STATEMENT OF REVENUES, EXPENDITURES AND Statement 13 CHANGES IN FUND BALANCES NONMAJOR GOVERNMENTAL FUNDS For The Year Ended December 31, 2009 With Comparative Totals For The Year Ended December 31, 2008 Expenditures: 2,413,892 336,249 Totals 1,475,826 Current: Special Debt Capital Nonmajor Governmental Funds (300,826) Revenue Service Projects 2009 2008 Revenues: Public safety - 955,000 10,004 10,004 General property taxes $ 232,053 $ 2,156,485 $ 55,742 $ 2,444,280 $ 2,356,535 Intergovernmental 3,194 239,185 9,766 252,145 310,075 Special assessments - 59,507 - 59,507 80,655 Charges for services 878,370 - - 878,370 951,622 Investment income 25,676 38,989 7,429 72,094 49,848 Miscellaneous: Public safety $ 1,282,214 $ 3,551,390 299,319 299,319 Park dedication fees - - 41,216 41,216 133,585 Other 853,108 - 28,595 881,703 681,568 Total revenues 1,992,401 2,494,166 142,748 4,629,315 4,563,888 Expenditures: 2,413,892 336,249 2,750,141 1,475,826 Current: (363,292) (336,249) - (699,541) (300,826) General government 59,112 - 22,183 81,295 50,702 Public safety - 955,000 10,004 10,004 11,162 Public works 187,811 14,642 1,093 188,904 822,370 Parks and recreation 924,104 - 131,385 1,055,489 1,086,170 Economic development 122,361 3,047,285 - 122,361 129,372 Capital outlay: 323,749 179,164 (752,488) (249,575) (1,894,271) General government - 3,372,226 35,640 35,640 368,094 Public safety $ 1,282,214 $ 3,551,390 299,319 299,319 - Public works - 138,766 138,766 441,104 Parks and recreation 24,236 - 982,234 1,006,470 351,625 Debt service: Principal retirement - 3,865,000 - 3,865,000 3,460,000 Interest 1,462,022 1,462,022 1,537,013 Paying agent fees 5,794 5,794 7,421 Professional service - 29,471 - 29,471 4,000 Total expenditures 1,317,624 5,362,287 1,620,624 8,300,535 8,269,033 Revenues over (under) expenditures 674,777 (2,868,121) (1,477,876) (3,671,220) (3,705,145) Other financing sources (uses) Transfers in 2,413,892 336,249 2,750,141 1,475,826 Transfers out (363,292) (336,249) - (699,541) (300,826) Bonds issued - 385,000 385,000 630,000 Refunding bonds issued 955,000 - 955,000 - Bond premium - 14,642 4,139 18,781 - Proceeds from sale of capital assets 12,264 - - 12,264 5,874 Total other financing sources (uses) (351,028) 3,047,285 725,388 3,421,645 1,810,874 Net increase (decrease) in fund balance 323,749 179,164 (752,488) (249,575) (1,894,271) Fund balance - January 1 958,465 3,372,226 574,006 4,904,697 6,798,968 Fund balance - December 31 $ 1,282,214 $ 3,551,390 $ (178,482) $ 4,655,122 $ 4,904,697 88 NONMAJOR SPECIAL REVENUE FUNDS The City of Andover had the following Special Revenue Funds during the year: EDA General - This fund was established to account for activities designed to promote quality economic development within the community. Community Development Block Grant - This fund accounts for the financial operations of a federal grant for rental housing rehabilitation. Community Center - This fund is used to account for the operations of the Andover YMCA / Community Center, particularly the ice arena, field house and concessions. The aquatic's portion of the Community Center is under the operations of the YMCA. Drainage and Mapping - This fund accounts for resources necessary to maintain existing maps and developing new maps and mapping systems for the City. LRRWMO - This fund is used to account for the City's involvement with the Lower Rum River Watershed Management Organization ( LRRWMO). Forestry - This fund was established to account for the protection of forest resources and the development of control plans to ensure preservation or restoration of these resources. Trail and Transportation - This fund is used to account for contributions associated with land development to be used for constructing and upgrading the City's trail system. Right -of -Way Management/Utility - This fund is used to account for activity associated with the management of the public right -of -ways. Capital Equipment Reserve - This fund is used to account for the capital equipment/projects levy and the various capital expenditures it will be used for. Charitable Gambling - This fund accounts for the 10% of net profits received from gambling activities by local non- profit organizations. According to state statute, all expenditures from this fund must be for public services and police, fire and other emergency or public safety - related services, equipment, and training, excluding pension obligations. Construction Seal Coating - This fund accounts for the contributions associated with land development to be used for the respective developments first application of crack seal and seal coat. 89 CITY OF ANDOVER, MINNESOTA SUBCOMBINING BALANCE SHEET NONMAJOR SPECIAL REVENUE FUNDS December 31, 2009 With Comparative Totals For December 31, 2008 O Community Drainage EDA Development Community and General Block Grant Center Mapping LRRWMO Assets: Cash and investments $ 390,027 $ 9,828 $ 30,564 $ 88,096 $ 19,607 Cash and investments with escrow agent - - 25,316 - - Accrued interest 1,533 - 307 Due from other governmental units - - - Accounts receivable 13,563 147,225 Prepaid items - 8,250 - Property taxes receivable: Unremitted - 320 Delinquent - 1,107 Notes receivable 64,012 - - Inventories - at cost - - 5,618 - - Total assets 405,123 73,840 216,973 88,403 21,034 Liabilities and Fund Balance Liabilities: Interfund payable - - 550,000 - - Accounts payable 1,281 41,174 - - Contracts payable - - 857 857 Deposits payable 28,327 - - Due to other governmental units - 3,358 - Salaries payable 3,012 - 13,353 758 Deferred revenue - 64,012 - - 1,107 Total liabilities 4,293 64,012 636,212 857 2,722 Fund balance (deficit): Reserved for: Prepaid items - - 8,250 - - Inventory - 5,618 Economic development 9,828 - Projects - - 25,316 - - Unreserved: Designated for working capital 400,830 - 13,500 18,312 Designated for projects - 74,046 - Designated for equipment - Undesignated - - (458,423) - - Total fund balance (deficit) 400,830 9,828 (419,239) 87,546 18,312 Total liabilities and fund balance $ 405,123 $ 73,840 $ 216,973 $ 88,403 $ 21,034 O Right -of -Way Capital Trail and Management/ Equipment Forestry Transportation Utility Reserve Statement 14 Totals Charitable Construction Nonmajor Special Revenue Funds Gambling Seal Coating 2009 2008 $ 5,830 $ 65,928 $ 91,060 $ 1,032,281 $ 5,601 $ 68,006 $ 1,806,828 $ 1,645,670 - - - - - - 25,316 - 248 354 3,635 402 6,479 12,547 - - - - - 39,562 160,788 139,683 8,250 6,500 1,736 2,056 1,748 5,633 6,740 6,654 - 64,012 69,852 5,618 8,446 5,830 66,176 91,414 1,043,285 5,601 68,408 2,086,087 1,930,662 011 - 550,000 700,000 - 27,780 70,235 45,868 1,714 - 3,428 - - 28,327 33,970 - 3,358 3,332 1,423 - - 18,546 15,349 - 5,633 59,227 129,979 173,678 3,137 33,413 59,227 803,873 972,197 - - - 8,250 6,500 5,618 8,446 9,828 2,260 - - - 25,316 - 5,830 - 63,180 - 5,601 - 507,253 466,978 - 66,176 25,097 275,000 - 9,181 449,500 444,613 - - 734,872 - 734,872 629,129 - - - - - - (458,423) (599,461) 5,830 66,176 88,277 1,009,872 5,601 9,181 1,282,214 958,465 $ 5,830 $ 66,176 $ 91,414 $ 1,043,285 $ 5,601 $ 68,408 $ 2,086,087 $ 1,930,662 011 CITY OF ANDOVER, MINNESOTA SUBCOMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR SPECIAL REVENUE FUNDS For The Year Ended December 31, 2009 With Comparative Totals For The Year Ended December 31, 2008 Revenues: General property taxes Intergovernmental Charges for services Investment income Miscellaneous Total revenues Expenditures: Current: General government Public works Parks and recreation Economic development Capital outlay: Public works Parks and recreation Total expenditures Revenues over (under) expenditures Other financing sources (uses): Transfers out Proceeds from sale of capital assets Total financing sources (uses) Net increase (decrease) in fund balance Fund balance (deficit) - January 1 Fund balance (deficit) - December 31 ON Community Drainage EDA Development Community and General Block Grant Center Mapping LRRWMO $ $ $ $ $ 33,421 170 181,416 610,099 12,226 - 9,486 243 (11,595) 2,102 395 2,487 7,475 824,110 - - 193,389 7,718 1,422,614 14,328 33,986 - 5,827 33,627 - - 903,446 - - 122,211 150 - 903,446 33,627 122,211 150 5,827 71,178 7,568 519,168 8,501 359 - - (353,892) - - - - (353,892) - - 71,178 7,568 165,276 8,501 359 329,652 2,260 (584,515) 79,045 17,953 $ 400,830 $ 9,828 $ (419,239) $ 87,546 $ 18,312 ON Statement 15 ON Right -of -Way Capital Totals Trail and Management/ Equipment Charitable Construction Nonmajor Special Revenue Funds Forestry Transportation Utility Reserve Gambling Seal Coating 2009 2008 $ - $ $ $ 198,632 $ $ $ 232,053 $ 231,103 2,000 1,024 3,194 27,646 - 9,514 10,678 - 54,437 878,370 951,622 271 1,798 1,983 21,101 236 (344) 25,676 59,693 9,729 - 39 9,268 - 853,108 511,763 12,000 11,312 12,661 220,796 9,504 54,093 1,992,401 1,781,827 - - - 38,772 20,340 - 59,112 41,764 12,488 62,298 10,651 - 62,920 187,811 350,765 - - 20,658 - 924,104 893,791 - 122,361 129,372 - - 162,242 - 24,236 - - 24,236 183,034 12,488 62,298 94,317 20,340 62,920 1,317,624 1,760,968 (488) 11,312 (49,637) 126,479 (10,836) (8,827) 674,777 20,859 - - (9,400) - (363,292) (285,178) 12,264 12,264 5,874 (9,400) 12,264 (351,028) (279,304) (488) 11,312 (59,037) 138,743 (10,836) (8,827) 323,749 (258,445) 6,318 54,864 147,314 871,129 16,437 18,008 958,465 1,216,910 $ 5,830 $ 66,176 $ 88,277 $ 1,009,872 $ 5,601 $ 9,181 $ 1,282,214 $ 958,465 ON - This page intentionally left blank - OZ'! NONMAJOR DEBT SERVICE FUNDS The City's Debt Service Funds account for eight types of bonded indebtedness: • Certificates of Indebtedness • Capital Improvement Bonds • G.O. Revenue Bonds • Tax Increment Bonds • Permanent Improvement Revolving Bonds • State Aid Bonds • Special Assessment Bonds • Open Space Referendum Bonds Certificates of Indebtedness - (G.O. Equipment Certificates - 2006B, 2007A, 2008A and 2009A) are repaid primarily from general property taxes. Capital Improvement Bonds - (G.O. Capital Improvement Bonds 2004A and 2005B) are repaid primarily from general property taxes G.O. Revenue Bonds - (EDA Public Facility Lease Revenue Bonds 2004) are repaid from annual lease payments from the YMCA, Community Center operations and general property tax. Tax Increment Bonds - (Tax Increment Refunding Bonds of 2003B and 2004B) are repaid primarily from tax increments. Permanent Improvement Revolving (PIR) Bonds - (G.O. PIR Bonds of 2003A and 2006A) are used to finance assessable improvements within the City and are repaid primarily from special assessments levied against benefited properties. State Aid Bonds - (2001B State Aid Bonds and 2009A State Aid Refunding Bonds) are used to finance MSA eligible cost for road construction and improvements. These bonds are repaid from a portion of state aid allotments received by the City. Special Assessment Bonds - (G.O. Improvement Bonds 2005A) are used to finance assessable improvements within the City and are repaid primarily from special assessments levied against benefited properties. Open Space Referendum Bonds - are used to finance the purchase of land to remain as open space. 01 CITY OF ANDOVER, MINNESOTA SUBCOMBINING BALANCE SHEET NONMAJOR DEBT SERVICE FUNDS December 31, 2009 With Comparative Totals For December 31, 2008 011 EDA Public G.O. G.O. G.O. G.O. G.O. Capital Facility Lease G.O. TIE Equipment Equipment Equipment Equipment Improvement Revenue Refunding Certificate Certificate Certificate Certificate Bonds Bonds Bonds 2006B 2007A 2008A 2009A 2004A 2004 2003B Assets: Cash and investments $ 233,920 $ 235,568 $ 169,720 $ 139,145 $ 10,247 $ 4,568 $ 12,631 Cash and investments with escrow agent - - - - - 710,059 - Accrued interest 624 554 368 302 - Due from other funds - - - - - - Property taxes receivable: Unremitted 1,633 2,114 1,717 1,406 3,614 9,364 Delinquent - 6,445 5,239 4,289 11,023 28,563 Special assessments receivable: Delinquent - - - - - Deferred - - - - - Total assets 236,177 244,681 177,044 145,142 24,884 752,554 12,631 Liabilities and Fund Balance Liabilities: Interfund payable - - - - 110,000 Deferred revenue 6,445 5,239 4,289 11,023 28,563 Total liabilities - 6,445 5,239 4,289 11,023 138,563 - Fund balance: Reserved for debt service 236,177 238,236 171,805 140,853 13,861 613,991 12,631 Total liabilities and fund balance $ 236,177 $ 244,681 $ 177,044 $ 145,142 $ 24,884 $ 752,554 $ 12,631 011 Statement 16 G.O. TIF G.O. G.O. State G.O. Refunding PIR Fund PIR Fund State Aid Refunding Improvement Open Space Totals Bonds Bonds of Bonds of Aid Bonds Bonds Bonds Referendum Nonmajor Debt Service Funds 2004B 2003A 2006A 2001B 2009A 2005A Bonds 2009 2008 $ 21,020 $ 15,834 $ 13,364 $ 209,266 $ 8,300 $ 908,502 $ 3,824 $ 1,985,909 $ 2,654,913 - - - - 936,829 - - 1,646,888 726,874 185 4,286 107 835 7,261 33,325 - - - - - 10,000 1,484 21,332 17,114 - 3,424 58,983 57,821 - 32,988 - 32,988 10,392 14,594 - - 379,341 - 393,935 448,508 35,614 15,834 13,364 209,451 949,415 1,320,938 9,567 4,147,296 3,958,947 - - - 110,000 70,000 14,594 412,329 3,424 485,906 516,721 14,594 412,329 3,424 595,906 586,721 21,020 15,834 13,364 209,451 949,415 908,609 6,143 3,551,390 3,372,226 $ 35,614 $ 15,834 $ 13,364 $ 209,451 $ 949,415 $ 1,320,938 $ 9,567 $ 4,147,296 $ 3,958,947 OYA CITY OF ANDOVER, MINNESOTA SUBCOMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR DEBT SERVICE FUNDS For The Year Ended December 31, 2009 With Comparative Totals For The Year Ended December 31, 2008 o% EDA Public G.O. G.O. G.O. G.O. G.O. Capital G.O. Capital Facility Lease Equipment Equipment Equipment Equipment Improvement Improvement Revenue Certificate Certificate Certificate Certificate Bonds Bonds Bonds 2006B 2007A 2008A 2009A 2004A 2005B 2004 Revenues: General property taxes $ 164,083 $ 212,332 $ 172,457 $ 141,156 $ 363,057 $ $ 940,640 Intergovernmental 832 1,082 880 720 1,848 4,790 Special assessments - - - - - - Investment income 3,499 2,941 1,176 1,872 (4,862) 870 (23,705) Total revenues 168,414 216,355 174,513 143,748 360,043 870 921,725 Expenditures: Debt service: Principal retirement 155,000 185,000 150,000 - 265,000 115,000 390,000 Interest 8,649 19,500 16,240 2,895 95,580 1,782 944,806 Paying agent fees 431 431 - - - - 2,000 Professional services 2,750 Total expenditures 164,080 204,931 166,240 2,895 360,580 116,782 1,339,556 Revenues over (under) expenditures 4,334 11,424 8,273 140,853 (537) (115,912) (417,831) Other financing sources (uses): Transfers in 10,000 - - - - 353,892 Transfers out - (9,973) - Refunding bonds issued Bond premium Total other financing sources (uses) 10,000 - - - - (9,973) 353,892 Net increase (decrease) in fund balance 14,334 11,424 8,273 140,853 (537) (125,885) (63,939) Fund balance - January 1 221,843 226,812 163,532 - 14,398 125,885 677,930 Fund balance - December 31 $ 236,177 $ 238,236 $ 171,805 $ 140,853 $ 13,861 $ - $ 613,991 o% Statement 17 G.O. TIF G.O. TIF G.O. G.O. State G.O. Refunding Refunding PIR Fund PIR Fund State Aid Refunding Improvement Open Space Totals Bonds Bonds Bonds of Bonds of Aid Bonds Bonds Bonds Referendum Nonmajor Debt Service Funds 2003B 2004B 2003A 2006A 2001B 2009A 2005A Bonds 2009 2008 $ $ $ $ $ $ $ $ 162,760 $ 2,156,485 $ 2,070,804 - 220,898 8,135 - - 239,185 281,291 3,562 - - - - 55,945 - 59,507 80,655 34 712 447 391 1,885 4,461 42,419 6,849 38,989 (13,848) 34 4,274 447 391 222,783 12,596 98,364 169,609 2,494,166 2,418,902 240,000 520,000 795,000 325,000 160,000 - 565,000 - 3,865,000 3,460,000 13,020 74,600 30,463 74,031 78,583 8,135 93,738 1,462,022 1,537,013 431 805 431 431 431 - 403 5,794 7,421 - - - - - 24,688 2,033 29,471 4,000 253,451 595,405 825,894 399,462 239,014 32,823 661,174 - 5,362,287 5,008,434 (253,417) (591,131) (825,447) (399,071) (16,231) (20,227) (562,810) 169,609 (2,868,121) (2,589,532) 220,000 600,000 830,000 400,000 - 2,413,892 1,385,178 - - - - - (326,276) (336,249) (15,648) 955,000 955,000 - - - - 14,642 14,642 - 220,000 600,000 830,000 400,000 969,642 (326,276) 3,047,285 1,369,530 (33,417) 8,869 4,553 929 (16,231) 949,415 (562,810) (156,667) 179,164 (1,220,002) 46,048 12,151 11,281 12,435 225,682 1,471,419 162,810 3,372,226 4,592,228 $ 12,631 $ 21,020 $ 15,834 $ 13,364 $ 209,451 $ 949,415 $ 908,609 $ 6,143 $ 3,551,390 $ 3,372,226 MI - This page intentionally left blank - fUIII NONMAJOR CAPITAL PROJECT FUNDS The City of Andover had the following Capital Projects Funds during the year: Storm Sewer Project - This fund was established to account for storm sewer fees and improvements as part of development and ongoing maintenance. Park Dedication - This fund was established to account for contributions associated with land development to be used for constructing and upgrading the City's park system. Building Fund - This fund was established to account for miscellaneous building improvements for all facilities. Equipment Certificates 2008A - This fund was established to account for the purchase of capital equipment that was financed through the issuance of capital notes. Equipment Certificates 2009A - This fund was established to account for the purchase of capital equipment that was financed through the issuance of capital notes. Open Space Referendum Bonds - This fund was established to account for the purchase of various land acquisitions for open space preservation within the City. 1111 CITY OF ANDOVER, MINNESOTA SUBCOMBINING BALANCE SHEET NONMAJOR CAPITAL PROJECTS FUNDS December 31, 2009 Comparative Totals For December 31, 2008 Illy, Storm Equipment Sewer Park Building Certificates Project Dedication Fund 2008 Assets: Cash and investments $ 1,023 $ 12,498 $ 77,809 $ 9,584 Accrued interest - - 292 - Property taxes receivable: Unremitted 488 - Delinquent - 1,581 - - Total assets 1,023 14,567 78,101 9,584 Liabilities and Fund Balance Liabilities: Interfund payables 61,000 - - - Accounts payable - - 1,747 Deferred revenue 1,581 - Total liabilities 61,000 1,581 1,747 Fund balance (deficit): Reserved for projects - - - 9,584 Unreserved: Designated for projects 12,986 76,354 - Undesignated (59,977) - - - Total fund balance (deficit) (59,977) 12,986 76,354 9,584 Total liabilities and fund balance $ 1,023 $ 14,567 $ 78,101 $ 9,584 Illy, Statement 18 Equipment Open Space Totals Certificates Referendum Nonmajor Capital Projects Funds $ 390,639 $ 5,747 $ 497,300 $ 677,452 1,478 - 1,770 5,270 - 488 401 - - 1,581 1,581 392,117 5,747 501,139 684,704 615,000 676,000 70,000 293 2,040 39,117 - 1,581 1,581 615,293 679,621 110,698 392,117 401,701 - 89,340 - (609,546) (669,523) 392,117 (609,546) (178,482) $ 392,117 $ 5,747 $ 501,139 485,494 155,809 (67,297) 574,006 $ 684,704 111191 CITY OF ANDOVER, MINNESOTA SUBCOMBINING STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES NONMAJOR CAPITAL PROJECTS FUNDS For The Year Ended December 31, 2009 With Comparative Totals For The Year Ended December 31, 2008 11111! Storm Equipment Sewer Park Building Certificates Project Dedication Fund 2008 Revenues: General property taxes $ $ 55,742 $ $ Intergovernmental 290 Investment income (1,533) (398) (2,020) (1,092) Miscellaneous: Park dedication fees 41,216 - Other 16,095 12,500 Total revenues (1,533) 112,945 10,480 (1,092) Expenditures: Current: General government - 21,188 Public safety - - Public works - 1,093 Parks and recreation 131,385 - Capital outlay: General government - 35,640 Public safety 299,319 Public works - 138,766 Parks and recreation 47,294 - Total expenditures 178,679 21,188 474,818 Revenues over (under) expenditures (1,533) (65,734) (10,708) (475,910) Other financing sources (uses): Transfers in 9,973 Bonds issued - Bond premium - Total other financing sources (uses) 9,973 Net increase (decrease) in fund balance (1,533) (65,734) (735) (475,910) Fund balance (deficit) - January 1 (58,444) 78,720 77,089 485,494 Fund balance (deficit) - December 31 $ J5 ,977 $ 12,986 $ 76,354 $ 9,584 11111! Statement 19 Equipment Open Space Totals 1,499,631 Certificates Referendum Nonmajor Capital Projects Funds 2009A Bonds 2009 2008 $ $ - S 55,742 $ 54,628 385,000 9,476 9,766 1,138 12,982 (510) 7,429 4,003 - - 41,216 133,585 - - 28,595 169,805 12,982 8,966 142,748 363,159 $ (178,482) $ 574,006 - 995 22,183 8,938 10,004 - 10,004 11,162 - 1,093 471,605 131,385 192,379 35,640 368,094 299,319 - - 138,766 278,862 934,940 982,234 168,591 10,004 935,935 1,620,624 1,499,631 2,978 (926,969) (1,477,876) (1,136,472) - 326,276 336,249 90,648 385,000 - 385,000 630,000 4,139 4,139 - 389,139 326,276 725,388 720,648 392,117 (600,693) (752,488) (415,824) - (8,853) 574,006 989,830 $ 392,117 $ (609,546) $ (178,482) $ 574,006 1111.7 CITY OF ANDOVER, MINNESOTA SPECIAL REVENUE FUND - EDA GENERAL SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL For The Year Ended December 31, 2009 With Comparative Actual Amounts For The Year Ended December 31, 2008 Statement 20 Variance with Final Budget - Budgeted Amounts Positive 2008 Original Final Actual (Negative) Actual Revenues: Charges for services $ 160,000 $ 160,000 $ 181,416 $ 21,416 $ 173,096 Investment income 6,000 6,000 9,486 3,486 13,387 Miscellaneous - - 2,487 2,487 1,693 Total revenues 166,000 166,000 193,389 27,389 188,176 Expenditures: Current: Economic development 141,401 141,401 122,211 19,190 108,941 Net increase (decrease) in fund balance $ 24,599 $ 24,599 71,178 $ 46,579 79,235 Fund balance (deficit) - January 1 329,652 250,417 Fund balance (deficit) - December 31 $ 400,830 $ 329,652 11111 CITY OF ANDOVER, MINNESOTA SPECIAL REVENUE FUND - COMMUNITY DEVELOPMENT BLOCK GRANT SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL For The Year Ended December 31, 2009 With Comparative Actual Amounts For The Year Ended December 31, 2008 Revenues: Intergovernmental Investment income Miscellaneous Total revenues Expenditures: Current: Economic development Net increase (decrease) in fund balance Fund balance (deficit) - January I Fund balance (deficit) - December 31 Statement 21 fUlrl 2,260 $ 9,828 4,261 $ 2,260 Variance with Final Budget - Budgeted Amounts Positive 2008 Original Final Actual (Negative) Actual $ 50,000 $ 50,000 $ $ (50,000) $ 12,313 300 300 243 (57) 105 3,500 3,500 7,475 3,975 6,012 53,800 53,800 7,718 (46,082) 18,430 50,000 50,000 150 49,850 20,431 $ 3,800 $ 3,800 7,568 $ 3,768 (2,001) fUlrl 2,260 $ 9,828 4,261 $ 2,260 CITY OF ANDOVER, MINNESOTA SPECIAL REVENUE FUND - COMMUNITY CENTER SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL For The Year Ended December 31, 2009 With Comparative Actual Amounts For The Year Ended December 31, 2008 Revenues: Charges for services Investment income Miscellaneous Total revenues Expenditures: Current: Parks and recreation Capital outlay: Parks and recreation Total expenditures Revenue over (under) expenditures Other financing sources (uses) Transfers out Net increase (decrease) in fund balance Fund balance (deficit) - January I Fund balance (deficit) - December 31 Statement 22 Variance with Final Budget - Budgeted Amounts Positive 2008 Original Final Actual (Negative) Actual $ 613,000 $ 613,000 $ 610,099 $ (2,901) $ 553,984 - - (11,595) (11,595) (28,156) 849,400 849,400 824,110 (25,290) 472,459 1,462,400 1,462,400 1,422,614 (39,786) 998,287 1,022,429 1,022,429 903,446 118,983 886,276 - - - - 13,952 1,022,429 1,022,429 903,446 118,983 900,228 439,971 439,971 519,168 79,197 98,059 (353,892) (353,892) (353,892) - (210,178) $ 86,079 $ 86,079 165,276 $ 79,197 (112,119) 111N (584,515) S (419,239) (472,396) S (584,515) CITY OF ANDOVER, MINNESOTA SPECIAL REVENUE FUND - DRAINAGE AND MAPPING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL For The Year Ended December 31, 2009 With Comparative Actual Amounts For The Year Ended December 31, 2008 Statement 23 Variance with Final Budget - Budgeted Amounts Positive 2008 Original Final Actual (Negative) Actual Revenues: Charges for services $ 10,000 $ 10,000 $ 12,226 $ 2,226 $ 8,147 Investment income 1,000 1,000 2,102 1,102 3,361 Miscellaneous - - - - 281 Total Revenues 11,000 11,000 14,328 3,328 11,789 Expenditures: Current: Public works 13,500 13,500 5,827 7,673 7,010 Net increase (decrease) in fund balance $ (2,500) $ (2,500) 8,501 $ 11,001 4,779 Fund balance (deficit) - January 1 79,045 74,266 Fund balance (deficit) - December 31 $ 87,546 $ 79,045 1U1*l CITY OF ANDOVER, MINNESOTA SPECIAL REVENUE FUND - LRRWMO SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL For The Year Ended December 31, 2009 With Comparative Actual Amounts For The Year Ended December 31, 2008 Statement 24 Variance with Final Budget - Budgeted Amounts Positive 2008 Original Final Actual (Negative) Actual Revenues: General property taxes $ 35,000 $ 33,842 $ 33,421 $ (421) $ 33,546 Intergovernmental - 1,158 170 (988) 687 Investment income - - 395 395 324 Total revenues 35,000 35,000 33,986 (1,014) 34,557 Expenditures: Current: Public works 35,365 35,365 33,627 1,738 28,438 Net increase (decrease) in fund balance $ (365) $ (365) 359 $ 724 6,119 Fund balance (deficit) - January 1 17,953 11,834 Fund balance (deficit) - December 31 $ 18,312 $ 17,953 IsM CITY OF ANDOVER, MINNESOTA SPECIAL REVENUE FUND - FORESTRY SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL For The Year Ended December 31, 2009 With Comparative Actual Amounts For The Year Ended December 31, 2008 Statement 25 Variance with Final Budget - Budgeted Amounts Positive 2008 Original Final Actual (Negative) Actual Revenues: Intergovernmental $ 12,500 $ 12,500 $ 2,000 $ (10,500) $ 10,527 Investment income - - 271 271 76 Miscellaneous - - 9,729 9,729 11,586 Total revenues 12,500 12,500 12,000 (500) 22,189 Expenditures: Current: Public works 14,000 14,000 12,488 1,512 22,389 Net increase (decrease) in fund balance $ (1,500) $ (1,500) (488) $ 1,012 (200) Fund balance (deficit) - January 1 6,318 6,518 Fund balance (deficit) - December 31 $ 5,830 $ 6,318 INS CITY OF ANDOVER, MINNESOTA SPECIAL REVENUE FUND - TRAIL AND TRANSPORTATION SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL For The Year Ended December 31, 2009 With Comparative Actual Amounts For The Year Ended December 31, 2008 INV, Statement 26 2008 Actual $ 21,434 889 22,323 32,541 $ 54,864 Variance with Final Budget - Budgeted Amounts Positive Original Final Actual (Negative) Revenues: Charges for services $ 30,600 $ 30,600 $ 9,514 $ (21,086) Investment income 2,500 2,500 1,798 (702) Net increase (decrease) in fund balance $ 33,100 $ 33,100 11,312 $ (21,788) Fund balance (deficit) - January 1 54,864 Fund balance (deficit) - December 31 $ 66,176 INV, Statement 26 2008 Actual $ 21,434 889 22,323 32,541 $ 54,864 CITY OF ANDOVER, MINNESOTA SPECIAL REVENUE FUND - RIGHT -OF -WAY MANAGEMENT /UTILITY SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL For The Year Ended December 31, 2009 With Comparative Actual Amounts For The Year Ended December 31, 2008 Revenues: Charges for services Investment income Total revenues Expenditures: Current: Public works Revenue over (under) expenditures Other financing sources (uses): Transfers out Net increase (decrease) in fund balance Fund balance (deficit) - January I Fund balance (deficit) - December 31 Statement 27 INN Variance with Final Budget - Budgeted Amounts Positive 2008 Original Final Actual (Negative) Actual $ 40,000 $ 40,000 $ 10,678 $ (29,322) $ 14,503 5,000 5,000 1,983 (3,017) 7,047 45,000 45,000 12,661 (32,339) 21,550 73,718 73,718 62,298 11,420 60,858 (28,718) (28,718) (49,637) (20,919) (39,308) (9,400) (9,400) (9,400) $ (38,118) $ (38,118) (59,037) $ (20,919) (39,308) 147,314 186,622 $ 88,277 $ 147,314 INN CITY OF ANDOVER, MINNESOTA SPECIAL REVENUE FUND - CAPITAL EQUIPMENT RESERVE SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL For The Year Ended December 31, 2009 With Comparative Actual Amounts For The Year Ended December 31, 2008 Revenues: General property taxes Intergovernmental Investment income Miscellaneous Total revenues Expenditures: Current: General government Public works Parks and recreation Capital outlay: Public works Parks and recreation Total expenditures Revenues over (under) expenditures Other financing sources (uses): Transfers out Proceeds from the sale of capital assets Total other finance sources (uses) Net increase (decrease) in fund balance Fund balance (deficit) - January 1 Fund balance (deficit) - December 31 Statement 28 $ 151,000 $ 151,000 101 (75,000) 12,264 12,264 5,874 12,264 12,264 (69,126) 138,743 $ (12,257) (178,726) 871,129 1,049,855 $ 1,009,872 $ 871,129 Variance with Final Budget - Budgeted Amounts Positive 2008 Original Final Actual (Negative) Actual $ 210,000 $ 203,051 $ 198,632 $ (4,419) $ 197,557 - 6,949 1,024 (5,925) 4,119 15,000 15,000 21,101 6,101 47,994 - - 39 39 5,163 225,000 225,000 220,796 (4,204) 254,833 29,000 29,000 38,772 (9,772) 22,264 - - 10,651 (10,651) 3,330 20,658 (20,658) 7,515 - - - - 162,242 45,000 45,000 24,236 20,764 169,082 74,000 74,000 94,317 (20,317) 364,433 151,000 151,000 126,479 (24,521) (109,600) $ 151,000 $ 151,000 101 (75,000) 12,264 12,264 5,874 12,264 12,264 (69,126) 138,743 $ (12,257) (178,726) 871,129 1,049,855 $ 1,009,872 $ 871,129 CITY OF ANDOVER, MINNESOTA SPECIAL REVENUE FUND - CHARITABLE GAMBLING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL For The Year Ended December 31, 2009 With Comparative Actual Amounts For The Year Ended December 31, 2008 Revenues: Investment income Miscellaneous Total revenues Expenditures: Current: General government Net increase (decrease) in fund balance Fund balance (deficit) - January I Fund balance (deficit) - December 31 Statement 29 INN Variance with Final Budget - Budgeted Amounts Positive 2008 Original Final Actual (Negative) Actual $ 750 $ 750 $ 236 $ (514) $ 396 13,000 13,000 9,268 (3,732) 14,569 13,750 13,750 9,504 (4,246) 14,965 20,700 20,700 20,340 360 19,500 $ (6,950) $ (6,950) (10,836) $ (3,886) (4,535) 16,437 20,972 $ 5,601 $ 16,437 INN CITY OF ANDOVER, MINNESOTA SPECIAL REVENUE FUND - CONSTRUCTION SEAL COATING SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL For The Year Ended December 31, 2009 With Comparative Actual Amounts For The Year Ended December 31, 2008 Revenues: Charges for services Investment income Total revenues Expenditures: Current: Public works Net increase (decrease) in fund balance Fund balance (deficit) - January 1 Fund balance (deficit) - December 31 Statement 30 Ifi[y 18,008 $ 9,181 52,020 $ 18,008 Variance with Final Budget - Budgeted Amounts Positive 2008 Original Final Actual (Negative) Actual $ 25,000 $ 25,000 $ 54,437 $ 29,437 $ 180,458 12,500 12,500 (344) (12,844) 14,270 37,500 37,500 54,093 16,593 194,728 25,000 25,000 62,920 (37,920) 228,740 $ 12,500 $ 12,500 (8,827) $ (21,327) (34,012) Ifi[y 18,008 $ 9,181 52,020 $ 18,008 INTERNAL SERVICE FUNDS Internal Service Funds are used to account for the financing of goods or services provided by one department or agency to other departments or agencies of the government and to other government units, on a cost reimbursement basis. The City of Andover had the following Internal Service Funds during the year: Central Equipment Maintenance — This fund accounts for the maintenance of the equipment for the City. Risk Management — This fund accounts for the expenditures in payment of insurance deductibles, loss reduction, safety training and administrative expense. INIM CITY OF ANDOVER, MINNESOTA COMBINING STATEMENT OF NET ASSETS INTERNAL SERVICE FUNDS December 31, 2009 With Comparative Totals for December 31, 2008 Central Equipment Risk Maintenance Management Statement 31 Totals 2009 2008 Assets: Current assets: Cash and cash equivalents $ 41,296 $ 201,237 $ 242,533 $ 99,410 Accrued interest 245 572 817 1,113 Prepaid items 1,750 - 1,750 1,750 Inventories - at cost 63,065 - 63,065 65,450 Total assets 106,356 201,809 308,165 167,723 Liabilities: Current liabilities: Accounts payable 14,545 1,121 15,666 22,260 Due to other governmental units - 2,855 2,855 100 Salaries payable 5,904 405 6,309 6,138 Total liabilities 20,449 4,381 24,830 28,498 Net assets: Unrestricted $ 85,907 $ 197,428 $ 283,335 $ 139,225 INN CITY OF ANDOVER, MINNESOTA COMBINING STATEMENT OF REVENUES, EXPENSES AND CHANGES IN FUND NET ASSETS INTERNAL SERVICE FUNDS For The Year Ended December 31, 2009 With Comparative Totals For The Year Ended December 31, 2008 Central Equipment Risk Maintenance Management Operating revenues Statement 32 Totals 2009 2008 User charges $ 646,879 $ 314,843 $ 961,722 $ 808,392 Other 452 34,481 34,933 13,148 Total operating revenues 647,331 349,324 996,655 821,540 Operating expenses: Personal services 219,339 106,438 325,777 311,804 Supplies 241,466 3,354 244,820 286,800 Other service charges 90,637 194,135 284,772 234,140 Total operating expenses 551,442 303,927 855,369 832,744 Operating income (loss) 95,889 45,397 141,286 (11,204) Nonoperating revenues (expenses): Investment income 1,163 1,661 2,824 5,747 Change in net assets 97,052 47,058 144,110 (5,457) Net assets - January 1 (11,145) 150,370 139,225 144,682 Net assets - December 31 $ 85,907 $ 197,428 $ 283,335 $ 139,225 1607 CITY OF ANDOVER, MINNESOTA COMBINING STATEMENT OF CASH FLOWS INTERNAL SERVICE FUNDS For The Year Ended December 31, 2009 With Comparative Totals For The Year Ended December 31, 2008 Cash flows from operating activities: Receipts from customers and users Payment to suppliers Payment to employees Net cash flows from operating activities Cash flows from noncapital financing activities: Receipt of advances from other funds Payment of advances to other funds Net cash flows from noncapital financing activities Cash flows from investing activities: Investment income Net increase in cash and cash equivalents Cash and cash equivalents - January I Cash and cash equivalents - December 31 Reconciliation of operating income to net cash provided (used) by operating activities: Operating income (loss) Adjustments to reconcile operating income (loss) to net cash flows from operating activities: Changes in assets and liabilities: Decrease (increase) in inventory Increase (decrease) in accounts payable Increase (decrease) in contracts payable Increase (decrease) in due to other governmental units Increase (decrease) in salaries payable Total adjustments Net cash provided by operating activities Central Equipment Risk Maintenance Management Statement 33 Totals 2009 2008 $ 647,331 $ 349,324 $ 996,655 $ 821,540 (336,365) (194,681) (531,046) (517,411) (219,214) (106,392) (325,606) (310,304) 91,752 48,251 140,003 (6,175) (60,000) - (60,000) (20,000) 60,000 60,000 20,000 (60,000) 60,000 - - 1,083 2,037 3,120 5,391 32,835 110,288 143,123 (784) 8,461 90,949 99,410 100,194 $ 41,296 $ 201,237 $ 242,533 $ 99,410 $ 95,889 $ 45,397 $ 141,286 $ (11,204) 2,385 2,385 1,425 (6,647) 53 (6,594) 2,104 - - (100) - 2,755 2,755 100 125 46 171 1,500 (4,137) 2,854 (1,283) 5,029 $ 91,752 $ 48,251 $ 140,003 $ (6,175) INN AGENCYFUNDS Agency Funds are used to account for assets held by the City in a trustee capacity or as an agent for individuals, private organizations and /or other governmental units. The City of Andover had the following Agency Funds during the year: General Escrow — This fund is used to account for distribution of funds for insurance premiums of retirees. General Agency — This fund is used to account for the collection and distribution of funds relating to building and land development activities. IN CITY OF ANDOVER, MINNESOTA COMBINING STATEMENT OF NET ASSETS FIDUCIARY FUNDS December 31, 2009 General Escrow Assets: Cash and investments $ 16,498 Liabilities: Accounts payable 131 Deposits payable 16,367 Total liabilities $ 16,498 1W, General Agency $ 233,423 233,423 $ 233,423 Statement 34 Total $ 249,921 131 249,790 $ 249,921 CITY OF ANDOVER, MINNESOTA COMBINING STATEMENT OF CHANGES IN ASSETS AND LIABILITIES Statement 35 FIDUCIARY FUNDS For The Year Ended December 31, 2009 General Escrow Fund Assets: Cash and investments Liabilities: Accounts payable Deposits payable Total liabilities General Agency Fund Assets: Cash and investments Liabilities: Accounts payable Deposits payable Total liabilities Total Fiduciary Funds Assets: Cash and investments Liabilities: Accounts payable Deposits payable Total liabilities Balance Balance January 1, December 31, $ 36,088 $ 45,680 $ (65,270) $ 16,498 27 32,577 36,061 13,103 $ 36,088 $ 45,680 (32,473) 131 (32,797) 16,367 $ (65,270) $ 16,498 $ 452,297 $ 526,413 $ (745,287) $ 233,423 10,974 307,905 441,323 218,508 $ 452,297 $ 526,413 (318,879) - (426,408) 233,423 $ (745,287) $ 233,423 $ 488,385 $ 572,093 $ (810,557) $ 249,921 11,001 340,482 477,384 231,611 $ 488,385 $ 572,093 123 (351,352) 131 (459,205) 249,790 $ (810,557) $ 249,921 - This page intentionally left blank - 124 SUPPLEMENTARY FINANCIAL INFORMATION `viz CITY OF ANDOVER, MINNESOTA COMBINED SCHEDULE OF INDEBTEDNESS December 31, 2009 IP41 Authorized Issue Maturity Interest and Date Date Rate Issue GOVERNMENTAL ACTIVITIES: General Obligation Revenue Bonds: 2004 EDA Pub Eac Lease Revenue Bonds 4/23/2004 2/1/2014 2.215 - 5.400% $ 19,580,000 2006 EDA Pub Eac Lease Revenue Refunding Bonds 12/1/2006 2/1/2034 4.00 -4.50% 10,000,000 2007 EDA Pub Eac Lease Revenue Refunding Bonds 1/1/2007 2/1/2034 4.00 -4.50% 6,865,000 Total general obligation revenue bonds 36,445,000 Special Assessment Bonds: 2005A G.O. Improvement Bonds 4/28/2005 2/1/2011 2.95 -3.65% 3,560,000 Tax Increment Bonds: 2003B G.O. Tax Increment Refunding Bonds 6/1/2003 8/1/2010 2.00 -3.00% 1,530,000 2004B G.O. Tax Increment Refunding Bonds 3/16/2004 2/1/2013 2.00 -3.25% 4,260,000 Total tax increment bonds 5,790,000 Certificates of Indebtedness: 2006B G.O. Equipment Certificates 5/10/2006 2/1/2010 3.60 -3.65% 460,000 2007A G.O. Equipment Certificates 3/13/2007 2/1/2011 4.00% 760,000 2008A G.O. Equipment Certificates 9/23/2008 2/1/2012 3.50% 630,000 2009A G.O. Equipment Certificates 3/26/2009 2/1/2012 2.00 -2.25% 385,000 Total certificates of indebtedness 2,235,000 Capital Improvement Bonds: 2004A G.O. Capital Improvement Bonds 3/16/2004 2/1/2017 2.00 -3.75% 3,890,000 2005B G.O. Capital Improvement Bonds 4/28/2005 2/1/2009 2.65 -3.10% 340,000 Total capital improvement bonds 4,230,000 Permanent Improvement Revolving Bonds: 2003A Permanent Improvement Revolving Bonds 6/1/2003 2/1/2010 2.00 -2.60% 4,580,000 2006A Permanent Improvement Revolving Bonds 5/10/2006 2/1/2014 3.60 -3.85% 2,450,000 Total permanent improvement revolving bonds 7,030,000 State Aid Bonds: 2001B State Aid Street Bonds 6/5/2001 2/1/2010 2.90 -5.00% 2,755,000 2009A State Aid Street Refunding Bonds 3/26/2009 2/1/2015 2.25 -2.80% 955,000 Total state aid bonds: 3,710,000 Total bonded indebtedness 63,000,000 Compensated absences payable Total governmental activities indebtedness 63,000,000 BUSINESS -TYPE ACTIVITIES: General Obligation Revenue Bonds: 2002 G.O. Water Revenue Bonds 5/9/2002 8/1/2012 2.30 -5.00% 9,780,000 2007B G.O. Water Revenue Refunding Bonds 3/13/2007 2/1/2023 4.00 -4.25% 6,570,000 2009A G.O. Water Revenue Bonds 3/26/2009 2/1/2024 2.00 -4.25 1,025,000 Total general obligation revenue bonds 17,375,000 Compensated absences payable Total business -type activities indebtedness 17,375,000 Total City indebtedness $ 80,375,000 IP41 Exhibit 1 Principal Payments Prior Current Outstanding 2010 Payment Years Year 12/31/09 Principal Interest Total $ 560,000 $ 390,000 $ 18,630,000 $ 405,000 $ 930,684 $ 1,335,684 - - 10,000,000 - 424,227 424,227 - - 6,865,000 - 291,982 291,982 560,000 390,000 35,495,000 405,000 1,646,893 2,051,893 545,000 565,000 2,450,000 1,850,000 52,690 1,902,690 1,040,000 240,000 250,000 250,000 7,500 257,500 1,475,000 520,000 2,265,000 530,000 60,812 590,812 2,515,000 760,000 2,515,000 780,000 68,312 848,312 145,000 155,000 160,000 160,000 2,920 162,920 180,000 185,000 395,000 195,000 11,900 206,900 - 150,000 480,000 154,000 14,105 168,105 - - 385,000 130,000 7,037 137,037 325,000 490,000 1,420,000 639,000 35,962 674,962 850,000 265,000 2,775,000 280,000 88,417 368,417 225,000 115,000 - - - - 1,075,000 380,000 2,775,000 280,000 88,417 368,417 2,965,000 795,000 820,000 820,000 10,660 830,660 310,000 325,000 1,815,000 335,000 62,026 397,026 3,275,000 1,120,000 2,635,000 1,155,000 72,686 1,227,686 995,000 160,000 1,600,000 1,600,000 37,612 1,637,612 - - 955,000 - 23,427 23,427 995,000 160,000 2,555,000 1,600,000 61,039 1,661,039 9,290,000 3,865,000 49,845,000 6,709,000 2,025,999 8,734,999 - - 541,606 - - - 9,290,000 3,865,000 50,386,606 6,709,000 2,025,999 8,734,999 1,670,000 375,000 7,735,000 395,000 359,221 754,221 - - 6,570,000 - 266,146 266,146 - - 1,025,000 60,000 32,657 92,657 1,670,000 375,000 15,330,000 455,000 658,024 1,113,024 - - 120,546 - - - 1,670,000 375,000 15,450,546 455,000 658,024 1,113,024 $ 10,960,000 $ 4,240,000 $ 65,837,152 $ 7,164,000 $ 2,684,023 $ 9,848,023 127 CITY OF ANDOVER, MINNESOTA SCHEDULE OF TAX CAPACITY RATES AND LEVIES Exhibit 2 128 Taxes Payable 2010 2009 Tax capacity values $ 28,743,240 $ 31,446,280 Captured tax increment value (2,284,466) (2,343,333) Fiscal disparities - contribution (1,179,036) (1,070,166) Local taxable value 25,279,738 28,032,781 Fiscal disparities - distribution 4,713,020 4,395,187 Adjusted tax capacity $ 29,992,758 $ 32,427,968 2010 2009 Certified Tax Capacity Certified Tax Capacity Levy Rate Levy Rate General Revenue Levy: General Fund $ 7,596,494 $ 6,844,236 Capital Equipment /Projects 210,000 210,000 Parks Projects 59,410 59,410 Road and Bridge 1,003,056 1,151,136 Pedestrian Trail Maintenance 51,773 51,773 Total General Revenue Levy 8,920,733 30.263% 8,316,555 25.755% Debt Service Levy: 2004A G.O. Capital Improvement Bonds 368,418 378,609 2004 EDA Public Facility Revenue Bonds 934,203 980,914 2006B G.O. Equipment Certificate - 171,066 2007A G.O. Equipment Certificate 208,000 221,340 2008A G.O. Equipment Certificate 171,410 179,895 2009A G.O. Equipment Certificate 130,738 147,241 Total Debt Service Levy 1,812,769 6.117% 2,079,065 6.426% Lower Rum River Watershed 35,000 0.329% 35,000 0.303% Total 10,768,502 36.709% 10,430,620 32.484% Voter - Approved Open Space Referendum - MV 87,797 0.00606% 162,900 0.00551% $ 10,856,299 $ 10,593,520 128 CITY OF ANDOVER, MINNESOTA SCHEDULE OF DEFERRED TAX LEVIES GENERAL OBLIGATION BONDS December 31, 2009 Exhibit 3 Taxes Tax Increment Bonds Certificates of Indebtedness Payable 2003B 2004B Total 2007A 2008A 2009A Total 2010 $ 257,500 $ 590,812 $ 848,312 $ 204,000 $ 168,610 $ 129,331 $ 501,941 2011 - 610,050 610,050 - 168,905 131,463 300,368 2012 607,875 607,875 - - - 2013 - 599,588 599,588 - - - - $ 257,500 $ 2,408,325 $ 2,665,825 $ 204,000 $ 337,515 $ 260,794 $ 802,309 Capital EDA Public Facility Lease Improvement Revenue Refunding Refunding Total Taxes Bonds Bonds Bonds Bonds Deferred Tax Payable 2004A of 2004 of 2006 of 2007 Total Levies 2010 $ 368,417 $ 700,684 $ $ $ 700,684 $ 2,419,354 2011 375,143 694,891 694,891 $ 1,980,452 2012 385,993 697,456 697,456 $ 1,691,324 2013 390,905 693,534 693,534 $ 1,684,027 2014 404,596 269,373 212,114 145,991 627,478 $ 1,032,074 2015 417,000 - 371,528 258,483 630,011 $ 1,047,011 2016 423,050 372,828 259,283 632,111 $ 1,055,161 2017 427,875 369,589 260,323 629,912 $ 1,057,787 2018 - 369,064 259,773 628,837 $ 628,837 2019 368,628 264,183 632,811 $ 632,811 2020 372,525 258,214 630,739 $ 630,739 2021 366,328 262,249 628,577 $ 628,577 2022 369,921 256,145 626,066 $ 626,066 2023 370,234 253,020 623,254 $ 623,254 2024 365,207 264,423 629,630 $ 629,630 2025 367,812 257,461 625,273 $ 625,273 2026 364,346 261,447 625,793 $ 625,793 2027 363,444 261,889 625,333 $ 625,333 2028 359,127 264,770 623,897 $ 623,897 2029 362,690 259,468 622,158 $ 622,158 2030 363,030 262,191 625,221 $ 625,221 2031 359,379 262,286 621,665 $ 621,665 2032 362,592 258,641 621,233 $ 621,233 2033 362,313 262,667 624,980 $ 624,980 2034 563,660 391,111 954,771 $ 954,771 $ 3,192,979 $ 3,055,938 $ 7,736,359 $ 5,484,018 $16,276,315 $ 22,937,428 IM CITY OF ANDOVER, MINNESOTA SCHEDULE OF FUND TRANSFERS December 31, 2009 General Fund Sewer EF Total General Fund Special Revenue Funds (SRF) Community Center SRF 2004 EDA Public Facility Lease Revenue Bond DST Right of Way Management SRF Road and Bridge CPF Total Special Revenue Funds Debt Service Funds (DSF) 2003A PIR DST PIR CPF 2003B G.O. TIF Refunding Bonds DST TIF Projects CPF 2004 EDA Public Facility Lease Revenue Bonds DST Community Center SRF 2004B G.O. TIF Refunding Bonds DST TIF Projects CPF 2005B G.O. Capital Improvement Bonds DST Building CPF 2006A PIR DST PIR CPF 2006B G.O. Capital Note DST Storm Sewer EF Open Space Referendum Bonds DST Open Space Referendum Bonds CPF Total Debt Service Funds Capital Projects Funds (CPF) Water Trunk CPF Water EF Sewer Trunk CPF Sewer EF Road and Bridge CPF Right of Way Management SRF Building CPF 2005B G.O. Capital Improvement Bonds DST Transfer Transfer In Out $ 150,250 $ 46,680 196,930 - 353,892 9,400 363,292 830,000 220,000 353,892 600,000 - - 9,973 400,000 - 10,000 - - 326,276 2,413,892 336,249 - 165,643 350,000 - 9,400 $ 9,973 $ 11611] Exhibit 4 General Fund Admin Allocation General Fund Admin Allocation Debt Service Allocation Degredation of Roadways Allocation Debt Service Allocation Debt Service Allocation Debt Service Allocation Debt Service Allocation Close Debt Service Fund Debt Service Allocation Debt Service Allocation Open Space Land Purchase Debt Service Allocation Replacement Reserve Degredation of Roadways Allocation Close Debt Service Fund CITY OF ANDOVER, MINNESOTA SCHEDULE OF FUND TRANSFERS December 31, 2009 Capital Projects Funds (CPF) (continued) TIF Projects CPF 2003B G.O. TIF Refunding Bonds DST 2004B G.O. TIF Refunding Bonds DST PIR CPF 2003A PIR DST 2006A PIR DST Open Space Referendum Bonds CPF Open Space Referendum Bonds DST Total Capital Projects Funds Enterprise Funds Water Fund Water Trunk Fund General Fund Sewer Fund General Fund Sewer Trunk Fund Storm Sewer Fund 2006B G.O. Capital Note Total Enterprise Funds Total All Funds $ $ 220,000 Debt Service Allocation 600,000 Debt Service Allocation 820,000 830,000 Debt Service Allocation 400,000 Debt Service Allocation 1,230,000 326,276 - 695,649 2,215,643 165,643 - - 150,250 165,643 150,250 46,680 350,000 396,680 - 10,000 165,643 556,930 $ 3,472,114 $ 3,472,114 1161 Exhibit 4 (Continued) Open Space Land Purchase Debt Service Allocation General Fund Admin Allocation General Fund Admin Allocation Replacement Reserve Debt Service Allocation - This page intentionally left blank - IB3: III. STATISTICAL SECTION This part of the City of Andover's comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City's overall financial health. Contents Page Financial Trends 134 These tables contain trend information to help the reader understand how the City's financial performance and well -being have changed over time. Revenue Capacity 139 These tables contain information to help the reader assess the City's most significant local revenue source, the property tax. Debt Capacity 145 These tables present information to help the reader assess the affordability of the City's current levels of outstanding debt and the City's ability to issue additional debt in the future. Demographic and Economic Information 150 These tables offer demographic and economic indicators to help the reader understand the environment within which the City of Andover's financial activities take place. Operating Information 152 These tables contain service and infrastructure data to help the reader understand how the information in the City's financial report relates to the services the City provides and the activities it performs. 133 CITY OF ANDOVER, MINNESOTA NET ASSETS BY COMPONENT Last Five Fiscal Years (accrual basis of accounting) Table 1 Business -Type Activities Invested in capital assets, net of related debt 35,588,013 38,419,302 38,580,630 37,606,052 36,939,962 Unrestricted 3,032,746 3,281,875 3,659,887 4,005,471 4,875,384 Total business -type activities net assets 38,620,759 41,701,177 42,240,517 41,611,523 41,815,346 Primary Government Invested in capital assets, net of related debt 2005 2006 2007 2008 2009 Governmental Activities 7,315,419 5,441,376 7,763,716 8,345,185 8,252,691 Invested in capital assets, net of related debt $ 68,411,598 $ 74,858,759 $ 77,285,905 $ 79,644,769 $ 83,394,872 Restricted 7,315,419 5,441,376 7,763,716 8,345,185 8,252,691 Unrestricted 18,230,563 18,461,454 21,294,876 19,904,063 19,442,008 Total governmental activities net assets 93,957,580 98,761,589 106,344,497 107,894,017 111,089,571 Business -Type Activities Invested in capital assets, net of related debt 35,588,013 38,419,302 38,580,630 37,606,052 36,939,962 Unrestricted 3,032,746 3,281,875 3,659,887 4,005,471 4,875,384 Total business -type activities net assets 38,620,759 41,701,177 42,240,517 41,611,523 41,815,346 Primary Government Invested in capital assets, net of related debt 103,999,611 113,278,061 115,866,535 117,250,821 120,334,834 Restricted 7,315,419 5,441,376 7,763,716 8,345,185 8,252,691 Unrestricted 21,263,309 21,743,329 24,954,763 23,909,534 24,317,392 Total primary government net assets $ 132,578,339 $ 140,462,766 $ 148,585,014 $ 149,505,540 $ 152,904,917 Note: The City began to report accrual information when it implemented GASB 34 in 2002 134 CITY OF ANDOVER, MINNESOTA CHANGES IN NET ASSETS Last Five Fiscal Years (accrual basis of accounting) Expenses Governmental activities: General government Public safety Public works Parks and recreation Recycling Economic development Interest on long -term debt Total governmental activities expenses Business -type activities: Water Sewer Storm sewer Total business -type activities expenses Total primary government expenses Program Revenues Governmental activities: Charges for services: General government Public safety Public works Parks and recreation Recycling Economic development Operating grants and contributions Capital grants and contributions Total governmental activities program revenue Business -type activities: Charges for services: Water Sewer Storm sewer Capital grants and contributions Total business -type activities program revenue Total primary government program revenues Net (Expense) /Revenue Governmental activities Business -type activities Total primary government net expense Table 2 $ 2,432,433 $ 2,637,584 $ 2,509,011 $ 2,505,105 $ 2,413,916 3,353,798 3,443,285 3,851,086 4,035,884 4,237,401 3,937,423 3,031,459 3,783,509 5,144,197 3,776,367 1,575,582 2,442,305 2,954,753 2,963,218 2,880,595 118,599 91,378 94,929 85,397 86,949 459,635 626,103 2,265,605 540,285 481,632 1,797,469 1,668,444 2,303,567 2,219,130 2,146,960 13,674,939 13,940,558 17,762,460 17,493,216 16,023,820 2,160,502 2,232,144 2,587,847 2,563,781 2,594,713 1,555,010 1,585,548 1,631,224 1,794,891 1,831,505 400,114 408,003 537,151 521,975 536,619 4,115,626 4,225,695 4,756,222 4,880,647 4,962,837 17,790,565 18,166,253 22,518,682 22,373,863 20,986,657 709,538 471,573 785,600 647,081 483,639 1,001,912 804,447 662,299 721,289 412,113 379,890 325,672 408,656 427,043 316,451 461,679 749,407 859,531 1,049,032 1,495,779 32,810 35,379 33,158 35,897 29,479 - 218,605 182,535 199,840 185,539 2,535,140 959,286 1,129,099 917,618 966,635 3,934,686 4,920,694 8,794,164 1,069,607 1,631,929 9,055,655 8,485,063 12,855,042 5,067,407 5,521,564 1,510,119 1,768,388 2,025,452 1,987,432 2,127,676 1,550,745 1,691,728 1,771,670 1,869,327 1,967,997 248,753 287,397 288,372 297,125 325,392 823,797 2,761,282 158,113 142,133 793,589 4,133,414 6,508,795 4,243,607 4,296,017 5,214,654 13,189,069 14,993,858 17,098,649 9,363,424 10,736,218 (4,619,284) (5,455,495) (4,907,418) (12,425,809) (10,502,256) 17,788 2,283,100 (512,615) (584,630) 251,817 $ (4,601,496) $ (3,172,395) $ (5,420,033) $ (13,010,439) $ (10,250,439) 11617 CITY OF ANDOVER, MINNESOTA CHANGES IN NET ASSETS Last Five Fiscal Years (accrual basis of accounting) General Revenues and Other Changes in Net Assets Governmental activities: Taxes General property taxes Tax increment collections Unrestricted grants and contributions Unrestricted investment earnings Gain on sale of capital assets Transfers Total governmental activities Business -type activities: Unrestricted investment earnings Gain on sale of capital assets Transfers Total business -type activities Total primary government Change in Net Assets Table 2 (Continued) $ 7,066,852 $ 8,084,559 $ 8,897,755 $ 9,752,701 $ 10,175,519 1,285,195 1,562,131 1,661,204 1,783,270 1,930,669 86,906 77,642 486,626 274,402 131,084 690,648 1,019,304 1,967,583 1,514,012 1,032,507 251,504 219,910 191,735 234,070 6,144 (438,426) (704,042) (714,577) 416,874 421,887 8,942,679 10,259,504 12,490,326 13,975,329 13,697,810 47,620 87,376 337,378 372,510 373,893 - 5,900 - - - 438,426 704,042 714,577 (416,874) (421,887) 486,046 797,318 1,051,955 (44,364) (47,994) 9,428,725 11,056,822 13,542,281 13,930,965 13,649,816 Governmental activities 4,323,395 4,804,009 7,582,908 1,549,520 3,195,554 Business -type activities 503,834 3,080,418 539,340 (628,994) 203,823 Total primary government $ 4,827,229 $ 7,884,427 $ 8,122,248 $ 920,526 $ 3,399,377 Note: The City began to report accrual information when it implemented GASB 34 in 2002. `g %1 CITY OF ANDOVER, MINNESOTA FUND BALANCES - GOVERNMENTAL FUNDS Last Five Fiscal Years (modified accrual basis of accounting) Table 3 I 16 2005 2006 2007 2008 2009 General Fund Reserved $ 126,320 $ 144,496 $ 208,216 $ 193,805 $ 207,515 Unreserved 3,076,157 3,248,317 3,682,244 3,981,230 4,120,897 Total general fund 3,202,477 3,392,813 3,890,460 4,175,035 4,328,412 All Other Governmental Funds Reserved for: Special revenue funds 58,570 46,849 12,457 17,206 23,696 Debt service funds 1,872,599 11,342,527 (1) 21,359,062 (2) 20,132,603 20,305,482 Capital project funds 1,335,858 633,078 735,141 604,494 427,017 Unreserved reported in: Designated: Special revenue funds 1,262,882 1,569,792 1,685,045 1,540,720 1,691,625 Capital project funds 15,018,317 14,433,934 12,011,083 13,483,426 14,839,789 Undesignated: Special revenue funds 1,487 (323,404) (480,592) (599,461) (458,423) Capital project funds (491,849) (54,174) (55,945) (67,297) (669,523) Total all other governmental funds 19,057,864 27,648,602 35,266,251 35,111,691 36,159,663 Total governmental funds $ 22,260,341 $ 31,041,415 $ 39,156,711 $ 39,286,726 $ 40,488,075 Note: In 2006, the EDA issued $10,000,000 of Public Facility Lease Revenue Refunding Bonds to refund a portion of the 2004 FDA's $19,580,000 Public Facility Lease Revenue Bonds, Series 2004. (2) In 2007, the EDA issued $6,865,000 of Public Facility Lease Revenue Refunding Bonds to refund a portion of the 2004 FDA's $19,580,000 Public Facility Lease Revenue Bonds, Series 2004. I 16 CITY OF ANDOVER, MINNESOTA CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS Last Five Fiscal Years (modified accrual basis of accounting) Table 4 Expenditures 2005 2006 2007 2008 2009 Revenues 2,349,965 2,343,332 2,399,297 2,366,574 2,242,662 General property taxes $ 7,033,613 $ 8,057,592 $ 8,833,249 $ 9,695,103 $ 10,168,143 Tax increment collections 1,285,639 1,546,394 1,659,222 1,762,119 1,951,343 Licenses and permits 724,436 598,094 475,893 525,339 291,903 Intergovernmental 2,663,683 2,661,726 1,644,914 1,175,205 1,654,614 Special assessments 2,045,969 1,289,590 3,342,039 1,638,006 1,421,591 Charges for services 1,692,316 1,770,156 2,035,735 1,724,052 1,579,659 Fines 90,530 91,490 101,445 104,930 110,779 Investment income 684,173 1,014,801 1,962,379 1,508,265 1,029,683 Miscellaneous: 8,487,000 5,254,000 3,275,000 3,460,000 3,865,000 Park dedication fees 286,316 626,567 113,013 133,585 41,216 Connection charges 1,311,426 372,133 829,624 254,903 20,119 Other 578,389 395,789 621,798 800,857 1,018,853 Total revenues 18,396,490 18,424,332 21,619,311 19,322,364 19,287,903 Expenditures 224,000 522,000 578,925 580,343 587,530 General government 2,349,965 2,343,332 2,399,297 2,366,574 2,242,662 Public safety 3,093,298 3,268,236 3,580,240 3,796,965 4,015,410 Public works 3,650,351 2,817,475 3,491,353 4,843,288 3,545,132 Parks and recreation 1,309,987 1,599,885 1,825,706 1,953,822 1,891,125 Recycling 116,506 90,590 94,669 86,631 85,527 Economic development 426,708 626,103 2,265,605 538,293 477,648 Unallocated 9,798 8,454 6,915 17,999 19,540 Capital outlay 1,616,709 987,075 2,803,485 1,460,662 1,519,944 Debt service: Principal 8,487,000 5,254,000 3,275,000 3,460,000 3,865,000 Interest 2,042,003 1,683,599 2,089,857 2,253,223 2,178,233 Other 13,226 253,134 167,187 15,645 39,265 Construction /acquisition costs 11,146,387 4,579,910 360,742 - - Total expenditures 34,261,938 23,511,793 22,360,056 20,793,102 19,879,486 Revenues over (under) expenditures (15,865,448) (5,087,461) (740,745) (1,470,738) (591,583) Other Financing Sources (Uses) Transfers in 224,000 522,000 578,925 580,343 587,530 Transfers out - (167,424) (57,671) (163,469) (165,643) Bonds issued 4,210,000 2,910,000 760,000 630,000 385,000 Refunding bonds issued - 10,000,000 6,865,000 - 955,000 Bond premium - 3,401 18,781 Bond discount (28,961) - - - - Proceeds from the sale of capital assets 219,887 603,959 706,386 553,879 12,264 Total other financing sources (uses) 4,624,926 13,868,535 8,856,041 1,600,753 1,792,932 Net increase (decrease) in fund balances $ (11,240,522) $ 8,781,074 $ 8,115,296 $ 130,015 $ 1,201,349 Debt service as a percentage of noncapital expenditures 49.04% 40.07% 28.82% 29.63% 33.13% 138 CITY OF ANDOVER, MINNESOTA ASSESSED AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY Last Ten Fiscal Years Source: Anoka County Property Tax Division IIM Table 5 Net Tax Capacity as a Percentage 1.37% 1.38% 1.01% 0.94% 0.99% 1.00% 1.01% 1.02% 1.02% 1.03% Real Property Personal Property Total Total Taxable Net Tax Taxable Net Tax Taxable Net Tax Direct Year Market Value Capacity Market Value Capacity Market Value Capacity Tax Rate 2000 $ 1,171,553,600 $ 15,690,055 $ 18,139,600 $ 615,830 $ 1,189,693,200 $ 16,305,885 22.735% 2001 1,354,146,000 18,348,662 18,285,500 620,797 1,372,431,500 18,969,459 22.736% 2002 1,539,835,500 15,336,075 17,999,800 359,540 1,557,835,300 15,695,615 33.511% 2003 1,886,169,900 17,549,064 20,202,300 402,840 1,906,372,200 17,951,904 33.376% 2004 2,059,947,400 20,142,088 20,761,100 414,016 2,080,708,500 20,556,104 31.584% 2005 2,321,605,300 23,027,376 21,718,900 433,669 2,343,324,200 23,461,045 31.414% 2006 2,603,704,500 26,204,279 22,003,500 439,356 2,625,708,000 26,643,635 31.556% 2007 2,800,462,600 28,897,916 21,998,500 439,246 2,875,150,800 29,337,162 31.003% 2008 2,969,639,300 30,749,076 20,837,800 416,000 3,046,838,900 31,165,076 31.276% 2009 2,982,595,600 31,023,349 21,185,200 422,931 3,055,274,000 31,446,280 32.181% Source: Anoka County Property Tax Division IIM Table 5 Net Tax Capacity as a Percentage 1.37% 1.38% 1.01% 0.94% 0.99% 1.00% 1.01% 1.02% 1.02% 1.03% CITY OF ANDOVER, MINNESOTA PROPERTY TAX RATES - PER $1,000 OF ASSESSED TAX CAPACITY VALUE DIRECT AND OVERLAPPING GOVERNMENTS Years 2001 through 2010 Taxes Payable Direct City (1) 2001 22.736% 2002 33.511% 2003 33.376% 2004 31.584% 2005 31.414% 2006 31.556% 2007 31.003% 2008 31.414% 2009 32.049% 2010 36.381% Table 6 Source: Anoka County Property Tax Division Note: (1) Includes the Lower Rum River Watershed 1011 Overlapping Governments School County Other Total Total 50.230% 28.859% 2.850% 81.939% 104.675% 29.070% 37.976% 3.745% 70.791% 104.302% 27.802% 37.714% 3.755% 69.271% 102.647% 21.218% 35.340% 3.482% 60.040% 91.624% 21.492% 33.080% 4.021% 58.593% 90.007% 20.046% 32.096% 3.755% 55.897% 87.453% 19.337% 30.675% 3.671% 53.683% 84.686% 16.962% 31.041% 4.604% 52.607% 84.021% 18.247% 32.051% 3.251% 53.549% 85.598% 20.236% 35.273% 3.436% 58.945% 95.326% Source: Anoka County Property Tax Division Note: (1) Includes the Lower Rum River Watershed 1011 CITY OF ANDOVER, MINNESOTA PROPERTY TAX LEVIES AND COLLECTIONS Last Five Fiscal Years Table 7 * Included in the total tax levy is approximately $400,000 of market value homestead credit (MVHC) that the City will not be receiving. Due to State legislative actions to deal with the State budget deficit, the MVHC program was significantly reduced for the City. ICS Collected Within the Fiscal Year of Levy Total Market Value Collections In Total Collections to Date Tax Tax Homestead Total Percentage Subsequent Percentage Year Levy Levy Credit Collected of Levy Years Amount of Levy 2005 $ 7,556,813 $ 6,973,305 $ 13,179 $ 6,986,484 92.45% $ 79,400 $ 7,065,884 93.50% 2006 8,550,919 7,977,278 1,700 7,978,978 93.31% 79,450 8,058,428 94.24% 2007 9,316,427 8,738,606 410,519 9,149,125 98.20% 110,593 9,259,718 99.39% 2008 10,153,718 9,554,131 198,214 9,752,345 96.05% 137,071 9,889,416 97.40% 2009 10,593,520 9,992,240 54,629 * 10,046,869 94.84% Not Available * Included in the total tax levy is approximately $400,000 of market value homestead credit (MVHC) that the City will not be receiving. Due to State legislative actions to deal with the State budget deficit, the MVHC program was significantly reduced for the City. ICS CITY OF ANDOVER, MINNESOTA PRINCIPAL TAXPAYERS Current Year and Ten Years Ago 2009 2000 Total $ 1,481,439 4.71% Net Tax Capacity $ 31,446,280 Source: Anoka County Property Tax Division IEVI Net Tax Capacity Rank $ 336,620 242,736 129,907 80,524 63,226 42,433 42,013 35,213 39,147 53,156 $ 1,064,975 $ 16,305,885 1 2 3 4 5 7 8 9 10 6 Table 8 Percentage of Total City Tax Capacity 1.96% 1.41% 0.75% 0.47% 0.37% 0.25% 0.24% 0.20% 0.23% 0.31% 6.19% Net Percentage of Tax Total City Taxpayers Capacity Rank Tax Capacity Connexus Energy $ 226,488 1 0.72% Target Corporation 221,656 2 0.70% Andover Limited Partnership 169,706 3 0.54% Presbyterian Homes of Andover 164,899 4 0.52% 116 LLC 141,966 5 0.45% Minnegasco, Inc. 137,886 6 0.44% Andover Station LLC 109,680 7 0.35% BDT Holdings LLC 109,416 8 0.35% Grey Oaks Inc. 100,798 9 0.32% Great River Energy 98,944 10 0.31% Individual - CommerciaFlndustrial - Columbia Park Properties Minnesota Pipe Line Company Health Partners Povlitzki Properties MN Interstate Pipeline Northern States Power Total $ 1,481,439 4.71% Net Tax Capacity $ 31,446,280 Source: Anoka County Property Tax Division IEVI Net Tax Capacity Rank $ 336,620 242,736 129,907 80,524 63,226 42,433 42,013 35,213 39,147 53,156 $ 1,064,975 $ 16,305,885 1 2 3 4 5 7 8 9 10 6 Table 8 Percentage of Total City Tax Capacity 1.96% 1.41% 0.75% 0.47% 0.37% 0.25% 0.24% 0.20% 0.23% 0.31% 6.19% CITY OF ANDOVER, MINNESOTA ESTIMATED MARKET VALUES AND NEW CONSTRUCTION Last Ten Fiscal Years New Construction Commercial / Industrial Residential Permits Value Estimated Market Values $ 12,672,448 8 Commercial / 19 10,616,851 Year Industrial (1) Residential Total 2000 $ 82,616,300 $ 1,107,076,900 $ 1,189,693,200 2001 95,215,200 1,277,216,300 1,3 72,431,500 2002 107,671,600 1,450,163,700 1,557,835,300 2003 127, 728, 400 1,778,643,800 1,906,372,200 2004 144,629,100 1,936,079,400 2,080,708,500 2005 168,684,200 2,174,640,000 2,343,324,200 2006 191,931,800 2,433,776,200 2,625,708,000 2007 211,760,900 2,663,389,900 2,875,150,800 2008 233,801,700 2,813,037,200 3,046,838,900 2009 248,129,500 2,807,144,500 3,055,274,000 New Construction Commercial / Industrial Residential Permits Value 14 $ 12,672,448 8 21,086,481 19 10,616,851 13 4,764,046 16 19,926,817 20 6,571,671 8 1,791,896 9 2,403,831 11 16,878,603 11 767,430 Note: (1) Also includes agricultural, public utility, railroad operating property, and personal property. 143 Table 9 Permits Value 342 $ 46,322,000 285 43,378,128 218 31,848,000 182 28,973,300 251 36,224,546 226 34,309,393 153 25,236,120 91 18,347,873 49 11,116,400 47 9,246,347 CITY OF ANDOVER, MINNESOTA SPECIAL ASSESSMENT LEVIES AND COLLECTIONS Last Ten Fiscal Years Note: (1) Only includes assessments certified to Anoka County. 144 Table 10 Current Current Percent of Delinquent Collections Assessments Assessments Assessments Assessment Year Due (1) Collected Collected Collections Current Collections Assessments Due 2000 $ 433,242 $ 424,854 98.06% $ 36,374 2001 432,207 410,380 94.95% 5,933 2002 328,831 307,051 93.38% 5,694 2003 533,340 522,851 98.03% 5,917 2004 192,373 189,279 98.39% 7,921 2005 178,434 175,471 98.34% 4,002 2006 225,365 192,477 85.41% 4,790 2007 163,817 142,750 87.14% 12,460 2008 366,203 330,304 90.20% 1,479 2009 319,448 332,739 104.16% 36,693 Note: (1) Only includes assessments certified to Anoka County. 144 Table 10 Total Delinquent Collections Assessments Total as a Percent of Outstanding as a Percent of Assessment Current Delinquent Current Collections Assessments Due Assessments Assessments Due $ 461,228 106.46% $ 15,871 3.66% 416,313 96.32% 26,264 6.08% 312,745 95.11% 37,404 11.37% 528,768 99.14% 49,329 9.25% 197,200 102.51% 15,157 7.88% 179,473 100.58% 22,217 12.45% 197,267 87.53% 51,721 22.95% 155,210 94.75% 76,420 46.65% 331,783 90.60% 174,810 47.74% 369,432 115.65% 202,999 63.55% CITY OF ANDOVER, MINNESOTA RATIO OF NET BONDED DEBT TO ASSESSED VALUE AND NET BONDED DEBT PER CAPITA Last Ten Fiscal Years Table 11 Percentage Net Bonded of Estimated General Bonded Debt Outstanding (2) Per Capita 0.27% $ 121.56 Gross Less Debt Net Fiscal 0.19% Taxable Bonded Service Bonded Year Population (1) Market Value Debt Fund Debt 2000 26,588 $ 1,189,693,200 $ 3,280,000 $ (48,001) $ 3,231,999 2001 27,446 1,372,431,500 4,210,000 (94,728) 4,115,272 2002 28,664 1,557,835,300 3,680,000 (112,848) 3,567,152 2003 28,939 1,906,372,200 3,710,000 (88,875) 3,621,125 2004 29,262 2,080,708,500 24,236,000 (815,322) 23,420,678 2005 30,080 2,343,324,500 24,389,000 (1,041,140) 23,347,860 2006 30,222 2,625,708,000 33,850,000 (10,739,510) 23,110,490 2007 30,263 2,875,150,800 40,880,000 (17,822,418) 23,057,582 2008 31,023 3,046,838,900 40,565,000 (17,939,959) 22,625,041 2009 31,250 3,055,274,000 39,690,000 (17,973,588) 21,716,412 Table 11 Percentage Net Bonded of Estimated Debt Market Value Per Capita 0.27% $ 121.56 0.30% 149.94 0.23% 124.45 0.19% 125.13 1.13% 800.38 1.00% 776.19 0.88% 764.69 0.80% 761.91 0.74% 729.30 0.71% 694.93 Notes: (1) Source: Metropolitan Council (2) Only includes debt supported by tax levy. * 2004 is the start of the 2004 EDA Public Facility Revenue Bonds of which approximately half of the annual debt service payments will come from a lease with the YMCA. IEN CITY OF ANDOVER, MINNESOTA COMPUTATION OF DIRECT AND OVERLAPPING DEBT December 31, 2009 Table 12 Notes: (1) Only includes debt supported by tax levy. (2) Information obtained from Anoka County. M11 Gross General Obligation Percentage Net Amount Bonded Debt Applicable Applicable Outstanding to City to City Direct: City of Andover $ 39,690,000 (1) 100.0000% $ 39,690,000 Overlapping: Anoka County 136,775,000 (2) 8.9805% 12,283,147 ISD No. 11 Anoka - Hennepin 124,306,689 (2) 12.8285% 15,946,682 ISD No. 15 St. Francis 43,265,000 (2) 6.9699% 3,015,507 Metropolitan Council 157,950,000 (2) 0.8867% 1,400,471 Total Overlapping Debt 32,645,807 Total Overlapping and Direct Debt $ 72,335,807 Notes: (1) Only includes debt supported by tax levy. (2) Information obtained from Anoka County. M11 CITY OF ANDOVER, MINNESOTA COMPUTATION OF LEGAL DEBT MARGIN Table 13 Last Five Fiscal Years 2005 2006 2007 2008 2009 Estimated Taxable Market Value $ 2,244,286,800 $ 2,543,591,200 $ 2,800,462,600 $ 2,969,639,300 $ 2,982,595,600 Debt limitation: Debt limit percent 2% 2% 2% 3% 3% Debt limit in dollars 44,885,736 50,871,824 56,009,252 89,089,179 89,477,868 Debt applicable to limit: Total bonded debt 52,344,000 59,665,000 70,240,000 67,050,000 65,175,000 Less: Nonapplicable debt G.O. water revenue bonds (9,150,000) (8,815,000) (15,040,000) (14,680,000) (15,330,000) Special assessment bonds (3,560,000) (3,560,000) (3,560,000) (3,015,000) (2,450,000) Tax increment bonds (7,065,000) (4,715,000) (4,010,000) (3,275,000) (2,515,000) Permanent improvement revolving bonds (5,975,000) (6,660,000) (4,835,000) (3,755,000) (2,635,000) State aid bonds (2,205,000) (2,065,000) (1,915,000) (1,760,000) (2,555,000) Less: Cash and investments in related debt service funds (1,041,140) (10,739,510) (17,822,418) (17,939,959) (17,973,588) Total debt applicable to limitation 23,347,860 23,110,490 23,057,582 22,625,041 21,716,412 Legal debt margin $ 21,537,876 $ 27,761,334 $ 32,951,670 $ 66,464,138 $ 67,761,456 Total debt applicable to the limit as a percentage of debt limit 52.02% 45.43% 41.17% 25.40% 24.27% fCfl CITY OF ANDOVER, MINNESOTA PLEDGED - REVENUE COVERAGE Last Five Fiscal Years Table 14 Water Revenue Bonds Water Enterprise Fund Less: Net Fiscal Operating Operating Transfers Available Debt Service Year Revenues Expenses (1) In (2) Revenue Principal Interest Coverage 2005 $ 1,510,119 $ 1,111,874 $ - $ 398,245 $ 320,000 $ 421,393 0.54 2006 1,768,388 1,139,500 167,474 796,362 335,000 411,720 1.07 2007 2,025,452 1,264,370 57,671 818,753 345,000 395,775 1.11 2008 1,987,432 1,218,444 163,469 932,457 360,000 382,753 1.26 2009 2,127,676 1,264,398 165,643 1,028,921 375,000 393,828 1.34 2004 EDA Public Facility Lease Revenue Bonds (3) Community Center Special Revenue Fund Debt Service Less: Net General Fiscal Operating Operating Available Property Tax Debt Service Year Revenue Expenses Revenue Revenue Principal Interest Coverage 2005 $ 522,839 $ 589,900 $ (67,061) $ 748,376 $ - $ 1,194,167 0.57 2006 741,241 748,146 (6,905) 800,349 185,000 964,102 0.69 2007 876,136 799,909 76,227 844,123 185,000 959,731 0.80 2008 998,287 900,228 98,059 890,709 190,000 954,381 0.86 2009 1,422,614 903,446 519,168 940,640 390,000 944,806 1.09 Special Assessment and Permanent Improvement Revolving Bonds Special Fiscal Assessment Debt Service Year Revenue Principal Interest Coverage 2005 $ 1,321,019 $ 1,705,000 $ 192,153 0.70 2006 786,918 1,765,000 289,174 0.38 2007 2,966,380 1,825,000 314,152 1.39 2008 1,184,928 1,625,000 243,340 0.63 2009 993,703 1,685,000 198,232 0.53 Tax Increment Financing Bonds Tax Fiscal Increment Debt Service Year Revenue Principal (4) Interest Coverage 2005 $ 1,160,190 $ 1,975,000 $ 419,220 0.48 2006 1,414,254 2,350,000 193,045 0.56 2007 1,474,219 705,000 120,545 1.79 2008 1,614,651 (5) 735,000 105,033 1.92 2009 1,790,279 760,000 87,620 2.11 Notes: Details regarding the City's outstanding debt can be found in the notes to the financial statements. (1) Operating expenses includes transfers out because the administrative allocation and replacement reserve transfer is built into the user fees. Operating expenses does not include interest and depreciation. (2) The transfer in is included because a portion of the trunk connection charge associated with adding additional users to the water system is designated to compensate prior years capital investment in water utility infrastructure and the treatment plant. (3) Half of the facility financed by these bonds is leased to the Greater Minneapolis YMCA, their lease payments started in 2008. Future YMCA lease payments will significantly reduce the City's obligation on debt service payments. (4) Net of crossover refundings. (5) Starting in 2008, all tax increment revenues will now be receipted in the Tax Increment Projects Capital Projects Fund and transferred over as needed to make the debt service payments. In 2009, the debt service fund had sufficient funds to make its debt service payment. 148 CITY OF ANDOVER, MINNESOTA OUTSTANDING DEBT BY TYPE Last Five Fiscal Years City of Andover's Outstanding Debt Governmental activities G.O. revenue bonds Special assessment bonds Tax increment bonds Certificates of indebtedness Capital improvement bonds Permanent improvement revolving bonds State aid bonds Compensated absences Total governmental activities Business -type activities G.O. revenue bonds Compensated absences Total business -type activities Total outstanding debt Total outstanding debt as a percentage of personal income Total outstanding debt per capita Table 15 2005 2006 2007 2008 2009 $ 19,580,000 $ 29,395,000 $ 36,075,000 $ 35,885,000 $ 35,495,000 3,560,000 3,560,000 3,560,000 3,015,000 2,450,000 7,065,000 4,715,000 4,010,000 3,275,000 2,515,000 699,000 580,000 1,280,000 1,525,000 1,420,000 4,110,000 3,875,000 3,525,000 3,155,000 2,775,000 5,975,000 6,660,000 4,835,000 3,755,000 2,635,000 2,205,000 2,065,000 1,915,000 1,760,000 2,555,000 410,402 459,299 509,851 504,893 541,606 43,604,402 51,309,299 55,709,851 52,874,893 50,386,606 9,150,000 8,815,000 15,040,000 14,680,000 15,330,000 66,816 74,675 90,228 107,333 120,546 9,216,816 8,889,675 15,130,228 14,787,333 15,450,546 $ 52,821,218 $ 60,198,974 $ 70,840,079 $ 67,662,226 $ 65,837,152 6.41% 7.06% 8.05% 7.69% 7.19% $ 1,756 $ 1,992 $ 2,341 $ 2,181 $ 2,107 IElN CITY OF ANDOVER, MINNESOTA DEMOGRAPHIC AND ECONOMIC STATISTICS Last Five Years Table 16 Notes: (1) Estimates from Metropolitan Council (2) The personal income is calculated by taking the per capita income of Anoka County and multiplying it by the population for both the City and County. (3) Information from U.S. Census Bureau W11 City of Andover Anoka County Personal Personal Per Capita Unemployment Year Population Income (2) Population (3) Income (2) Income (3) Percentage 2005 30,080 $ 824,041,600 320,803 $ 8,788,398,185 $ 27,395 3.8% 2006 30,222 852,769,641 327,005 9,227,051,034 28,217 3.9% 2007 30,263 879,544,327 326,252 9,481,977,859 29,063 4.5% 2008 31,023 880,029,441 327,090 9,278,562,030 28,367 6.9% 2009 31,250 (1) 915,968,750 332,751 9,753,264,561 29,311 6.9% Notes: (1) Estimates from Metropolitan Council (2) The personal income is calculated by taking the per capita income of Anoka County and multiplying it by the population for both the City and County. (3) Information from U.S. Census Bureau W11 CITY OF ANDOVER, MINNESOTA PRINCIPAL EMPLOYERS Table 17 Current Year and Ten Years Ago 2009 2000 Percentage Percentage of Total City of Total City Taxpayer Employees Rank Employment Employees Rank Employment Anoka Hennepin I.S.D. No. 11 574 1 31.9% 308 1 26.2% Bunker Hills Regional Park/Activity Center 237 2 13.2% - - Kottkes' Bus Service, Inc. 200 (L) 3 11.1% 170 3 14.4% Target 167 4 9.3% - - Anoka County Highway Department 141 5 7.8% 100 4 8.5% Columbia Park Medical Group - Andover 107 6 5.9% - - Meadow Creek Christian School 100 7 5.5% 81 6 6.9% Festival Foods 97 8 5.4% 180 2 15.3% Farmstead at Andover 94 9 5.2% - - City of Andover 85 10 4.7% 58 8 4.9% McDonald's - 80 7 6.8% Ace Solid Waste, Inc. 50 9 4.2% Ed Fields & Sons, Inc. 100 4 8.5% Riccar Heating & Air Conditioning - - 50 9 4.2% Total 1,802 100.0% 1,177 100.0% Source: Minnesota Department of Employment and Economic Development (1) Number of employees as of March, 2006 I&I CITY OF ANDOVER, MINNESOTA FULL TIME EQUIVALENT EMPLOYEES Table 18 CITY GOVERNMENT EMPLOYEES BY FUNCTION /PROGRAM Last Five Fiscal Years Function/Program 2005 2006 2007 2008 2009 Governmental: Administration 1.47 1.30 1.45 1.15 1.15 Human resources 0.06 0.07 0.02 0.01 0.02 City clerk 1.84 1.84 1.91 1.43 1.29 Elections 0.10 0.10 0.10 0.08 0.10 Financial administration 2.99 2.85 2.35 1.97 1.85 Information systems 0.91 0.91 0.91 0.91 0.91 Planning and zoning 4.57 4.75 4.75 4.25 3.70 Engineering 4.67 4.57 4.78 4.41 4.28 Facility Management - - - - 0.33 EDA general 1.21 0.70 0.70 0.85 0.90 LRRWMO 0.21 0.21 0.21 0.21 0.20 Risk management 0.13 0.10 0.10 0.10 0.10 Public Safety: Fire 3.25 3.10 3.10 3.10 3.10 Protective inspection 5.58 6.03 6.08 5.78 3.93 Civil defense 0.05 0.05 0.05 0.05 0.05 Public Works: Streets and highways 5.35 6.12 6.20 6.00 5.05 Snow and ice 3.92 3.27 3.49 3.21 2.45 Street signs 1.20 1.35 1.44 1.41 1.31 Forestry 0.10 0.10 - - - ROW management / utility 0.85 0.85 0.60 0.65 0.50 Water 5.04 5.57 4.78 4.84 4.63 Sewer 3.15 2.97 3.18 3.24 3.38 Storm sewer 1.60 2.01 1.95 2.20 2.55 Central equipment 2.91 2.92 2.96 2.96 2.87 Park & Recreation: Park and recreation 6.85 7.33 7.05 6.85 6.66 Community center 2.10 2.12 2.12 2.23 2.96 Recycling 1.26 0.93 0.88 0.86 1.23 61.37 62.12 61.16 58.75 55.50 Source: City Finance Department Note: Employees are allocated to various departments based on the functions that they perform. I&Y, CITY OF ANDOVER, MINNESOTA OPERATING INDICATORS BY FUNCTION /PROGRAM Last Five Years Table 19 Function/Program 2005 2006 2007 2008 2009 General government: Registered voters n/a 16,813 n/a 17,830 n/a Voters registering election day n/a 2,200 n/a 2,727 n/a Number of precincts n/a 10 n/a 10 n/a Public safety: Police: Number of calls for services 12,861 11,516 12,150 11,617 11,075 Number of traffic citations 1,795 1,673 1,710 2,475 2,848 Number of patrol hours 30,856 30,856 30,240 30,240 30,240 Fire: Fire responses 325 443 366 326 305 Emergency medical responses 594 645 736 797 754 Protective inspections: Inspections 6,536 8,128 5,456 5,020 3,716 Residential permits 226 153 91 49 42 Other permits 2,473 2,481 2,095 1,862 1,543 Public works: Streets and highways: Asphalt streets maintained (miles) 178 187 189 189 189 Gravel roads maintained (miles) 8 8 8 8 8 Cul -de -sacs and dead ends maintained 320 329 330 336 338 Parks and recreation: Number of City parks 58 63 65 66 66 Total acreage mowed 265 200 297 297 293 Ballfields maintained 25 24 27 28 28 Number of playgrounds 33 35 37 37 37 Soccer fields maintained 20 16 16 19 19 Trail maintained (miles) 26 23 35 35 35 Community center bookings (hrs): Fieldhouse 1,405 7,450 8,514 8,282 9,718 Ice arena 2,002 2,405 2,497 2,393 2,640 Water: New connections 247 197 63 33 145 Total customers 5,657 5,854 5,917 5,950 6,095 Annual consumption (thousands of gallons) 856,671 1,014,251 1,046,789 993,626 1,000,971 Sanitary Sewer: New connections 229 129 120 23 183 Total customers 6,528 6,657 6,777 6,800 6,983 Storm Sewer: Total customers 9,516 9,744 9,785 9,800 9,950 Storm sewer lines maintained (miles) 43 51 65 66 69 Source: Various City Departments 153 CITY OF ANDOVER, MINNESOTA CAPITAL ASSET STATISTICS BY FUNCTION /PROGRAM Last Five Years Table 20 Function/Program 2005 2006 2007 2008 2009 Public Safety: Fire: Stations 3 3 3 3 3 Fire vehicles 18 18 20 20 21 Protective inspections: Vehicles 3 3 3 3 3 Public Works: Streets and Highways: Streets (miles) 186 187 189 189 189 Street lights 1,105 1,187 1,204 1,212 1,215 Traffic signals 20 22 22 23 23 Parks and Recreation: Parks 58 63 65 66 66 Ball fields 25 24 27 28 28 Soccer fields 16 16 16 19 19 Playgrounds 33 35 37 37 37 Trails (miles) 26 23 35 35 35 Community centers 1 1 1 1 1 Water: Water treatment plants 1 1 1 1 1 Storage facilities 3 3 3 3 3 Water main (miles) 79 107 108 108 108 Connections 5,450 5,854 5,917 5,950 6,095 Sanitary sewer: Sewer main (miles) 82 90 91 91 91 Connections 6,250 6,657 6,777 6,800 6,983 Number of lift stations 8 9 9 9 9 Storm sewer: Storm sewer lines (miles) 43 51 65 66 69 154