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HomeMy WebLinkAbout06-25-18-RAPPROVAL OF AGENDA RESPONSE TO PUBLIC INQUIRIES PUBLIC INQUIRIES/INFORMATIONAL This is an opportunity for citizens to bring to the Council ’s attention any items not currently on the agenda which are relevant to the City. In addressing the Council, you must first state your name and address for the record. To allow adequate time for each person wishing to address the Council, speakers must limit their comments to three (3) minutes. Written documents may be distributed to the Council prior to the meeting to allow a more timely presentation. Speakers should not use obscene, profane, or threatening language, or make personal attacks. The Council may not respond to speaker comments, engage in a debate, or take any action on the issues raised by citizens, but may direct City staff to research or follow up on an issue, if desired by Council. If Council directs further review by staff, the results of that review will be presented at a following regular Council meeting. PUBLIC PRESENTATIONS 2017 Financial Statements Aaron Nielsen / MMKR MEMO.PDF ATTACHMENT A.PDF ATTACHMENT B.PDF ATTACHMENT C.PDF STAFF COMMENTS Rice Creek Commons (TCAAP) And Joint Development Authority (JDA) Update Dave Perrault, City Administrator MEMO.PDF Transportation Update Sue Polka, Public Works Director/City Engineer MEMO.PDF Night To Unite Update Julie Hanson, City Clerk MEMO.PDF APPROVAL OF MINUTES May 22, 2018 Special City Council Work Session 05 -22 -18 -SWS.PDF May 29, 2018 Regular City Council 05 -29 -18 -R.PDF CONSENT CALENDAR Those items listed under the Consent Calendar are considered to be routine by the City Council and will be enacted by one motion under a Consent Calendar format. There will be no separate discussion of these items, unless a Councilmember so requests, in which event, the item will be removed from the general order of business and considered separately in its normal sequence on the agenda. Motion To Approve Claims And Payroll Gayle Bauman, Finance Director Pang Silseth, Accounting Analyst MEMO.PDF Motion To Approve 2017 City Financial Statements And Audit Gayle Bauman, Finance Director MEMO.PDF Motion To Accept Proposal For Design Services –Bolton & Menk -Colleen Avenue Drainage Improvements Sue Polka, Public Works Director/City Engineer MEMO.PDF ATTACHMENT A.PDF ATTACHMENT B.PDF Motion To Authorize Posting For Senior Engineering Tech Position Dave Perrault, City Administrator MEMO.PDF Motion To Approve Payment No. 1 –Northwest Asphalt, Inc. -2018 Street And Utility Improvement Project Sue Polka, Public Works Director/City Engineer MEMO.PDF ATTACHMENT A.PDF ATTACHMENT B.PDF Motion To Approve Payment No. 2 –Sunram Construction, Inc. -Old Snelling Trail And Watermain Project Sue Polka, Public Works Director/City Engineer MEMO.PDF ATTACHMENT A.PDF ATTACHMENT B.PDF PULLED CONSENT ITEMS Those items that are pulled from the Consent Calendar will be removed from the general order of business and considered separately in its normal sequence on the agenda. PUBLIC HEARINGS NEW BUSINESS Construction Waiver For June 26 Through August 15, 2018 –County Road F Improvement Project Sue Polka, Public Works Director/City Engineer MEMO.PDF ATTACHMENT A.PDF ATTACHMENT B.PDF ATTACHMENT C.PDF UNFINISHED BUSINESS Resolution 2018 -045 Authorizing The Issuance And Awarding The Sale Of 2018A General Obligation Utility Revenue Bonds Gayle Bauman, Finance Director MEMO.PDF ATTACHMENT A.PDF COUNCIL COMMENTS ADJOURN Mayor: David Grant Councilmembers: Brenda Holden Fran Holmes Dave McClung Steve Scott      Regular City Council Agenda June 25, 2018 7:00 p.m. City Hall Address: 1245 W Highway 96 Arden Hills MN 55112 Phone: 651 -792 -7800 Website : www.cityofardenhills.org City Vision Arden Hills is a strong community that values its unique environmental setting, strong residential neighborhoods, vital business community, well -maintained infrastructure, fiscal soundness, and our long -standing tradition as a desirable City in which to live, work, and play. CALL TO ORDER 1. 2. 3. 4. 4.A. Documents: 5. 5.A. Documents: 5.B. Documents: 5.C. Documents: 6. 6.A. Documents: 6.B. Documents: 7. 7.A. Documents: 7.B. Documents: 7.C. Documents: 7.D. Documents: 7.E. Documents: 7.F. Documents: 8. 9. 10. 10.A. Documents: 11. 11.A. Documents: 12. APPROVAL OF AGENDARESPONSE TO PUBLIC INQUIRIESPUBLIC INQUIRIES/INFORMATIONALThis is an opportunity for citizens to bring to the Council ’s attention any items not currently on the agenda which are relevant to the City. In addressing the Council, you must first state your name and address for the record. To allow adequate time for each person wishing to address the Council, speakers must limit their comments to three (3) minutes. Written documents may be distributed to the Council prior to the meeting to allow a more timely presentation. Speakers should not use obscene, profane, or threatening language, or make personal attacks. The Council may not respond to speaker comments, engage in a debate, or take any action on the issues raised by citizens, but may direct City staff to research or follow up on an issue, if desired by Council. If Council directs further review by staff, the results of that review will be presented at a following regular Council meeting.PUBLIC PRESENTATIONS2017 Financial StatementsAaron Nielsen / MMKR MEMO.PDFATTACHMENT A.PDFATTACHMENT B.PDFATTACHMENT C.PDFSTAFF COMMENTS Rice Creek Commons (TCAAP) And Joint Development Authority (JDA) Update Dave Perrault, City Administrator MEMO.PDF Transportation Update Sue Polka, Public Works Director/City Engineer MEMO.PDF Night To Unite Update Julie Hanson, City Clerk MEMO.PDF APPROVAL OF MINUTES May 22, 2018 Special City Council Work Session 05 -22 -18 -SWS.PDF May 29, 2018 Regular City Council 05 -29 -18 -R.PDF CONSENT CALENDAR Those items listed under the Consent Calendar are considered to be routine by the City Council and will be enacted by one motion under a Consent Calendar format. There will be no separate discussion of these items, unless a Councilmember so requests, in which event, the item will be removed from the general order of business and considered separately in its normal sequence on the agenda. Motion To Approve Claims And Payroll Gayle Bauman, Finance Director Pang Silseth, Accounting Analyst MEMO.PDF Motion To Approve 2017 City Financial Statements And Audit Gayle Bauman, Finance Director MEMO.PDF Motion To Accept Proposal For Design Services –Bolton & Menk -Colleen Avenue Drainage Improvements Sue Polka, Public Works Director/City Engineer MEMO.PDF ATTACHMENT A.PDF ATTACHMENT B.PDF Motion To Authorize Posting For Senior Engineering Tech Position Dave Perrault, City Administrator MEMO.PDF Motion To Approve Payment No. 1 –Northwest Asphalt, Inc. -2018 Street And Utility Improvement Project Sue Polka, Public Works Director/City Engineer MEMO.PDF ATTACHMENT A.PDF ATTACHMENT B.PDF Motion To Approve Payment No. 2 –Sunram Construction, Inc. -Old Snelling Trail And Watermain Project Sue Polka, Public Works Director/City Engineer MEMO.PDF ATTACHMENT A.PDF ATTACHMENT B.PDF PULLED CONSENT ITEMS Those items that are pulled from the Consent Calendar will be removed from the general order of business and considered separately in its normal sequence on the agenda. PUBLIC HEARINGS NEW BUSINESS Construction Waiver For June 26 Through August 15, 2018 –County Road F Improvement Project Sue Polka, Public Works Director/City Engineer MEMO.PDF ATTACHMENT A.PDF ATTACHMENT B.PDF ATTACHMENT C.PDF UNFINISHED BUSINESS Resolution 2018 -045 Authorizing The Issuance And Awarding The Sale Of 2018A General Obligation Utility Revenue Bonds Gayle Bauman, Finance Director MEMO.PDF ATTACHMENT A.PDF COUNCIL COMMENTS ADJOURN Mayor:David Grant Councilmembers:Brenda Holden Fran HolmesDave McClungSteve Scott     Regular City Council AgendaJune 25, 20187:00 p.m. City Hall Address:1245 W Highway 96 Arden Hills MN 55112 Phone:651 -792 -7800 Website : www.cityofardenhills.org City VisionArden Hills is a strong community that values its unique environmental setting, strong residential neighborhoods, vital business community, well -maintained infrastructure, fiscal soundness, and our long -standing tradition as a desirable City in which to live, work, and play.CALL TO ORDER1.2.3.4.4.A.Documents:5. 5.A. Documents: 5.B. Documents: 5.C. Documents: 6. 6.A. Documents: 6.B. Documents: 7. 7.A. Documents: 7.B. Documents: 7.C. Documents: 7.D. Documents: 7.E. Documents: 7.F. Documents: 8. 9. 10. 10.A. Documents: 11. 11.A. Documents: 12. APPROVAL OF AGENDARESPONSE TO PUBLIC INQUIRIESPUBLIC INQUIRIES/INFORMATIONALThis is an opportunity for citizens to bring to the Council ’s attention any items not currently on the agenda which are relevant to the City. In addressing the Council, you must first state your name and address for the record. To allow adequate time for each person wishing to address the Council, speakers must limit their comments to three (3) minutes. Written documents may be distributed to the Council prior to the meeting to allow a more timely presentation. Speakers should not use obscene, profane, or threatening language, or make personal attacks. The Council may not respond to speaker comments, engage in a debate, or take any action on the issues raised by citizens, but may direct City staff to research or follow up on an issue, if desired by Council. If Council directs further review by staff, the results of that review will be presented at a following regular Council meeting.PUBLIC PRESENTATIONS2017 Financial StatementsAaron Nielsen / MMKR MEMO.PDFATTACHMENT A.PDFATTACHMENT B.PDFATTACHMENT C.PDFSTAFF COMMENTSRice Creek Commons (TCAAP) And Joint Development Authority (JDA) UpdateDave Perrault, City Administrator MEMO.PDFTransportation UpdateSue Polka, Public Works Director/City Engineer MEMO.PDFNight To Unite UpdateJulie Hanson, City Clerk MEMO.PDFAPPROVAL OF MINUTESMay 22, 2018 Special City Council Work Session05-22 -18 -SWS.PDFMay 29, 2018 Regular City Council05-29 -18 -R.PDFCONSENT CALENDARThose items listed under the Consent Calendar are considered to be routine by the City Council and will be enacted by one motion under a Consent Calendar format. There will be no separate discussion of these items, unless a Councilmember so requests, in which event, the item will be removed from the general order of business and considered separately in its normal sequence on the agenda.Motion To Approve Claims And PayrollGayle Bauman, Finance DirectorPang Silseth, Accounting Analyst MEMO.PDFMotion To Approve 2017 City Financial Statements And Audit Gayle Bauman, Finance Director MEMO.PDF Motion To Accept Proposal For Design Services –Bolton & Menk -Colleen Avenue Drainage Improvements Sue Polka, Public Works Director/City Engineer MEMO.PDF ATTACHMENT A.PDF ATTACHMENT B.PDF Motion To Authorize Posting For Senior Engineering Tech Position Dave Perrault, City Administrator MEMO.PDF Motion To Approve Payment No. 1 –Northwest Asphalt, Inc. -2018 Street And Utility Improvement Project Sue Polka, Public Works Director/City Engineer MEMO.PDF ATTACHMENT A.PDF ATTACHMENT B.PDF Motion To Approve Payment No. 2 –Sunram Construction, Inc. -Old Snelling Trail And Watermain Project Sue Polka, Public Works Director/City Engineer MEMO.PDF ATTACHMENT A.PDF ATTACHMENT B.PDF PULLED CONSENT ITEMS Those items that are pulled from the Consent Calendar will be removed from the general order of business and considered separately in its normal sequence on the agenda. PUBLIC HEARINGS NEW BUSINESS Construction Waiver For June 26 Through August 15, 2018 –County Road F Improvement Project Sue Polka, Public Works Director/City Engineer MEMO.PDF ATTACHMENT A.PDF ATTACHMENT B.PDF ATTACHMENT C.PDF UNFINISHED BUSINESS Resolution 2018 -045 Authorizing The Issuance And Awarding The Sale Of 2018A General Obligation Utility Revenue Bonds Gayle Bauman, Finance Director MEMO.PDF ATTACHMENT A.PDF COUNCIL COMMENTS ADJOURN Mayor:David Grant Councilmembers:Brenda Holden Fran HolmesDave McClungSteve Scott     Regular City Council AgendaJune 25, 20187:00 p.m. City Hall Address:1245 W Highway 96 Arden Hills MN 55112 Phone:651 -792 -7800 Website : www.cityofardenhills.org City VisionArden Hills is a strong community that values its unique environmental setting, strong residential neighborhoods, vital business community, well -maintained infrastructure, fiscal soundness, and our long -standing tradition as a desirable City in which to live, work, and play.CALL TO ORDER1.2.3.4.4.A.Documents:5.5.A.Documents:5.B.Documents:5.C.Documents:6.6.A.Documents:6.B.Documents:7.7.A.Documents:7.B. Documents: 7.C. Documents: 7.D. Documents: 7.E. Documents: 7.F. Documents: 8. 9. 10. 10.A. Documents: 11. 11.A. Documents: 12. APPROVAL OF AGENDARESPONSE TO PUBLIC INQUIRIESPUBLIC INQUIRIES/INFORMATIONALThis is an opportunity for citizens to bring to the Council ’s attention any items not currently on the agenda which are relevant to the City. In addressing the Council, you must first state your name and address for the record. To allow adequate time for each person wishing to address the Council, speakers must limit their comments to three (3) minutes. Written documents may be distributed to the Council prior to the meeting to allow a more timely presentation. Speakers should not use obscene, profane, or threatening language, or make personal attacks. The Council may not respond to speaker comments, engage in a debate, or take any action on the issues raised by citizens, but may direct City staff to research or follow up on an issue, if desired by Council. If Council directs further review by staff, the results of that review will be presented at a following regular Council meeting.PUBLIC PRESENTATIONS2017 Financial StatementsAaron Nielsen / MMKR MEMO.PDFATTACHMENT A.PDFATTACHMENT B.PDFATTACHMENT C.PDFSTAFF COMMENTSRice Creek Commons (TCAAP) And Joint Development Authority (JDA) UpdateDave Perrault, City Administrator MEMO.PDFTransportation UpdateSue Polka, Public Works Director/City Engineer MEMO.PDFNight To Unite UpdateJulie Hanson, City Clerk MEMO.PDFAPPROVAL OF MINUTESMay 22, 2018 Special City Council Work Session05-22 -18 -SWS.PDFMay 29, 2018 Regular City Council05-29 -18 -R.PDFCONSENT CALENDARThose items listed under the Consent Calendar are considered to be routine by the City Council and will be enacted by one motion under a Consent Calendar format. There will be no separate discussion of these items, unless a Councilmember so requests, in which event, the item will be removed from the general order of business and considered separately in its normal sequence on the agenda.Motion To Approve Claims And PayrollGayle Bauman, Finance DirectorPang Silseth, Accounting Analyst MEMO.PDFMotion To Approve 2017 City Financial Statements And AuditGayle Bauman, Finance DirectorMEMO.PDFMotion To Accept Proposal For Design Services –Bolton & Menk -Colleen Avenue Drainage Improvements Sue Polka, Public Works Director/City Engineer MEMO.PDFATTACHMENT A.PDFATTACHMENT B.PDFMotion To Authorize Posting For Senior Engineering Tech PositionDave Perrault, City Administrator MEMO.PDFMotion To Approve Payment No. 1 –Northwest Asphalt, Inc. -2018 Street And Utility Improvement ProjectSue Polka, Public Works Director/City Engineer MEMO.PDFATTACHMENT A.PDFATTACHMENT B.PDFMotion To Approve Payment No. 2 –Sunram Construction, Inc. -Old Snelling Trail And Watermain ProjectSue Polka, Public Works Director/City Engineer MEMO.PDFATTACHMENT A.PDFATTACHMENT B.PDFPULLED CONSENT ITEMSThose items that are pulled from the Consent Calendar will be removed from the general order of business and considered separately in its normal sequence on the agenda.PUBLIC HEARINGSNEW BUSINESS Construction Waiver For June 26 Through August 15, 2018 –County Road F Improvement Project Sue Polka, Public Works Director/City Engineer MEMO.PDF ATTACHMENT A.PDF ATTACHMENT B.PDF ATTACHMENT C.PDF UNFINISHED BUSINESS Resolution 2018 -045 Authorizing The Issuance And Awarding The Sale Of 2018A General Obligation Utility Revenue Bonds Gayle Bauman, Finance Director MEMO.PDF ATTACHMENT A.PDF COUNCIL COMMENTS ADJOURN Mayor:David Grant Councilmembers:Brenda Holden Fran HolmesDave McClungSteve Scott     Regular City Council AgendaJune 25, 20187:00 p.m. City Hall Address:1245 W Highway 96 Arden Hills MN 55112 Phone:651 -792 -7800 Website : www.cityofardenhills.org City VisionArden Hills is a strong community that values its unique environmental setting, strong residential neighborhoods, vital business community, well -maintained infrastructure, fiscal soundness, and our long -standing tradition as a desirable City in which to live, work, and play.CALL TO ORDER1.2.3.4.4.A.Documents:5.5.A.Documents:5.B.Documents:5.C.Documents:6.6.A.Documents:6.B.Documents:7.7.A.Documents:7.B.Documents:7.C.Documents:7.D.Documents:7.E.Documents:7.F.Documents:8.9.10. 10.A. Documents: 11. 11.A. Documents: 12. PUBLIC PRESENTATION – 4A MEMORANDUM DATE: June 25, 2018 TO: Honorable Mayor and City Councilmembers Dave Perrault, City Administrator FROM: Gayle Bauman, Finance Director SUBJECT: 2017 City Financial Statements Budgeted Amount: Actual Amount: Funding Source: N/A N/A N/A Background/Discussion The City’s 2017 Financial Statements have been completed and will be submitted to both the State Auditor and the GFOA. The City’s auditor, Aaron Nielsen from MMKR, will be present at the June 25, 2018, City Council meeting to give an overview and answer questions. The auditors have issued an unmodified (“clean”) opinion on our financial statements for the year ended December 31, 2017. The total general fund balance at December 31, 2017 was $3,639,317 with $3,065,250 of unassigned balance; the new balance equates to an increase in the General Fund balance of $694,504. The ending unassigned General Fund balance makes up approximately 64 percent of next year’s budgeted expenditures. The City’s total net position increased by $278,782. The combined ending fund balances for governmental funds was $10,709,962; the combined ending unrestricted net position for the enterprise funds was $1,298,744, and internal service funds was $333,069. We have completed the report in the form prescribed by the Government Finance Officers Association of United States and Canada (GFOA) for their Certificate of Achievement for Excellence in Financial Reporting. In order to qualify for this, the report has to be published in an easily readable and efficiently organized Comprehensive Annual Financial Report (CAFR) that satisfies both accounting principles generally accepted in the United States of America and applicable legal requirements. As a note of information, the Auditing Standards are constantly increasing and changing. With these changes, you may see increased findings. This does not mean that the City has done anything wrong compared to previous years, only that the reporting requirements have become much stricter. Many cities are experiencing these findings, and the findings are expected to increase for all cities as these standards become stricter. One finding was noted in the report related to Segregation of Duties. We are pleased with the outcome of the audit. Attachments A. Management Report B. Comprehensive Annual Financial Report C. Special Purpose Audit Report Management Report for City of Arden Hills, Minnesota December 31, 2017 THIS PAGE INTENTIONALLY LEFT BLANK To the City Council and Management City of Arden Hills, Minnesota We have prepared this management report in conjunction with our audit of the City of Arden Hills, Minnesota’s (the City) financial statements for the year ended December 31, 2017. We have organized this report into the following sections: •Audit Summary •Governmental Funds Overview •Enterprise Funds Overview •Government-Wide Financial Statements •Legislative Updates •Accounting and Auditing Updates We would be pleased to further discuss any of the information contained in this report or any other concerns that you would like us to address. We would also like to express our thanks for the courtesy and assistance extended to us during the course of our audit. The purpose of this report is solely to provide those charged with governance of the City, management, and those who have responsibility for oversight of the financial reporting process comments resulting from our audit process and information relevant to city finances in Minnesota . Accordingly, this report is not suitable for any other purpose. Minneapolis, Minnesota June 7, 2018 THIS PAGE INTENTIONALLY LEFT BLANK -1- AUDIT SUMMARY The following is a summary of our audit work, key conclusions, and other information that we consider important or that is required to be communicated to the City Council, administration, or those charged with governance of the City. OUR RESPONSIBILITY UNDER AUDITING STANDARDS GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AND GOVERNMENT AUDITING STANDARDS 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 as of and for the year ended December 31, 2017, and the related notes to the financial statements. Professional standards require that we provide you with information about our responsibilities under auditing standards generally accepted in the United States of America and Government Auditing Standards, as well as certain information related to the planned scope and timing of our audit. We have communicated such information to you verbally and in our audit engagement letter. Professional standards also require that we communicate the following information related to our audit. PLANNED SCOPE AND TIMING OF THE AUDIT We performed the audit according to the planned scope and timing previously discussed and coordinated in order to obtain sufficient audit evidence and complete an effective audit. AUDIT OPINION AND FINDINGS Based on our audit of the City’s financial statements for the year ended December 31, 2017: • We have issued an unmodified opinion on the City’s basic financial statements. • We reported one matter involving the City’s internal control over financial reporting that we consider to be a material weakness as detailed in the Special Purpose Audit Reports. Due to the limited size of the City’s office staff, the City has limited segregation of duties in certain areas. • The results of our testing disclosed no instances of noncompliance required to be reported under Government Auditing Standards. • We reported no findings based on our testing of the City’s compliance with Minnesota laws and regulations. FUND BALANCE/NET POSITION DEFICITS As reported in the City’s Comprehensive Annual Financial Report (CAFR), the Equipment, Building, and Replacement Fund; Parks Fund; TCAAP Fund; Engineering Fund; Central Garage Fund; and Technology Fund had year-end deficit equity balances of $259,269, $29,516, $150,362, $7,020, $26,797, and $31,790, respectively. Management has disclosed that these deficits will be eliminated with future contributions, grants, and internal fund transfers, if needed. -2- SIGNIFICANT ACCOUNTING POLICIES 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 of the notes to basic financial statements. No new accounting policies were adopted and the application of existing policies was not changed during the year ended December 31, 2017; however, the City implemented the following governmental accounting standards during the fiscal year: • Governmental Accounting Standards Board (GASB) Statement No. 79, Certain External Investment Pools and Pool Participants, which enhanced disclosures regarding investments. • GASB Statement No. 82, Pension Issues, an amendment of GASB Statements No. 67, No. 68, and No. 73, which addressed certain issues related to pension reporting and disclosures. 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 AND MANAGEMENT JUDGMENTS 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 estimates affecting the financial statements were: • Depreciation – Management’s estimates of depreciation expense are based on the estimated useful lives of the assets. • Compensated Absences – Management’s estimate is based on current rates of pay and unused compensated absences balances. • Pension Benefits – The City has recorded amounts and activities for pension benefits. Actuarial estimates of the net pension balances are calculated using actuarial methodologies described in GASB Statement No. 68. The actuarial calculations include significant assumptions, including projected changes, investment returns, retirement ages, proportionate share, and employee turnover. We evaluated the key factors and assumptions used by management to develop these estimates in determining that they are reasonable in relation to the basic financial statements taken as a whole. The financial statement disclosures are neutral, consistent, and clear. CORRECTED AND UNCORRECTED MISSTATEMENTS Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. Where applicable, management has corrected all such misstatements. In addition, none of the misstatements detected as a result of audit procedures and corrected by management, when applicable, were material, either individually or in the aggregate, to each opinion unit’s financial statements taken as a whole. -3- DIFFICULTIES ENCOUNTERED IN PERFORMING THE AUDIT We encountered no significant difficulties in dealing with management in performing and completing our audit. DISAGREEMENTS WITH MANAGEMENT For purposes of this report, a disagreement with management is 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 June 7, 2018. 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. OTHER MATTERS We applied certain limited procedures to the management’s discussion and analysis (MD&A) and the remaining required supplementary information (RSI) that supplements the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We did not audit the RSI and do not express an opinion or provide any assurance on the RSI. We were engaged to report on the supplemental information accompanying the financial statements which are not RSI. With respect to this supplemental information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplemental information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves. We were not engaged to report on the introductory or statistical sections, which accompany the financial statements but are not RSI. Such information has not been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not express an opinion or provide any assurance on it. -4- GOVERNMENTAL FUNDS OVERVIEW This section of the report provides you with an overview of the financial trends and activities of the City’s governmental funds, which includes the General, special revenue, debt service, and capital project funds. These funds are used to account for the basic services the City provides to all of its citizens, which are financed primarily with property taxes. The governmental fund information in the City’s financial statements focuses on budgetary compliance and the sufficiency of each governmental fund’s current assets to finance its current liabilities. PROPERTY TAXES Minnesota cities rely heavily on local property tax levies to support their governmental fund activities. For the 2016 fiscal year, local ad valorem property tax levies provided 39.8 percent of the total governmental fund revenues for cities over 2,500 in population, and 36.4 percent for cities under 2,500 in population. The total market value of property in Minnesota cities increased about 5.6 percent for the 2017 levy year, which followed an increase of 5.7 percent for levy year 2016. T he market values used for levying property taxes are based on the previous fiscal year (e.g., market values for taxes levied in 2017 were based on assessed values as of January 1, 2016), so the trend of change in these market values lags somewhat behind the housing market and economy in general. The City’s estimated market value increased by 1.9 percent for 2016 and increased 2.5 percent for taxes payable in 2017. The following graph shows the City’s changes in estimated market value over the past 10 years: $– $200,000,000 $400,000,000 $600,000,000 $800,000,000 $1,000,000,000 $1,200,000,000 $1,400,000,000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Estimated Market Value -5- Tax capacity is considered the actual base available for taxation. It is calculated by applying the state’s property classification system to each property’s market value. Each property classification, such as commercial or residential, has a different calculation and uses different rates. Consequently, a city’s total tax capacity will change at a different rate than its total market value, as tax capacity is affected by the proportion of the City’s tax base that is in each property classification from year-to-year, as well as legislative changes to tax rates. The City’s tax capacity increased 1.5 percent for taxes payable in 2016, and increased 2.3 percent for taxes payable in 2017. The following graph shows the City’s change in tax capacities over the past 10 years: $– $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Local Tax Capacity The following table presents the average tax rates applied to city residents for each of the last three levy years, along with comparative state-wide and metro area average rates from the two most recent years for which the information is available: 2015 2016 2015 2016 2015 2016 2017 Average tax rate City 46.9 46.5 43.4 43.0 27.3 26.5 27.2 County 44.7 44.1 42.9 42.3 58.9 58.9 55.9 School 27.1 27.5 28.3 28.6 27.4 26.2 25.3 Special taxing 6.9 6.9 8.8 8.7 9.2 9.1 8.6 Total 125.6 125.0 123.4 122.6 122.8 120.7 117.0 Note: State-wide and metro area average tax rates are not available for 2017. Rates Expressed as a Percentage of Net Tax Capacity All Cities State-Wide Seven-County Metro Area City of Arden Hills There are a number of reasons contributing to the change in the average total tax rate. The City’s portion of the tax capacity rates for its residents has historically been well below the average for Minnesota cities state-wide and for cities in the seven-county metro area because of the City’s high property values and strong commercial tax base. The City does not have any outstanding debt levy requirements, which also contributes to the lower than average city tax rate. -6- GOVERNMENTAL FUND BALANCES The following table summarizes the changes in the fund balances of the City’s governmental funds during the year ended December 31, 2017, presented both by fund balance classification and by fund: Increase 2017 2016 (Decrease) Fund balances of governmental funds Total by classification Nonspendable 289,183$ 26,485$ 262,698$ Restricted 898,739 786,678 112,061 Committed 471,996 450,433 21,563 Assigned 6,423,941 4,130,709 2,293,232 Unassigned 2,626,103 2,443,164 182,939 Total governmental funds 10,709,962$ 7,837,469$ 2,872,493$ Total by fund General 3,639,317$ 2,944,813$ 694,504$ EDA Operating 303,058 283,647 19,411 Equipment, Building, and Replacement (259,269) (37,102) (222,167) Permanent Improvement Revolving 6,080,457 3,739,379 2,341,078 Other governmental funds 946,399 906,732 39,667 Total governmental funds 10,709,962$ 7,837,469$ 2,872,493$ as of December 31, Governmental Fund Change in Fund Balance Fund Balance In total, the fund balances of the City’s governmental funds increased by $2,872,493 during the year ended December 31, 2017. The majority of the increase was in assigned fund balance in the Permanent Improvement Revolving Fund, due to a one-time reimbursement from the county for its share of a joint street project. -7- GOVERNMENTAL FUND REVENUES The following table presents the per capita revenue of the City’s governmental funds for the past three years, along with state-wide averages. We have included the most recent comparative state-wide averages available from the Office of the State Auditor to provide a benchmark for interpreting the City’s data. The amounts received from the typical major sources of governmental fund revenue will naturally vary between cities based on factors such as a city’s stage of development, location, size and density of its population, property values, servic es it provides, and other attributes. It will also differ from year-to-year, due to the effect of inflation and changes in its operation. Also, certain data in these tables may be classified differently than how they appear in the City’s financial statements in order to be more comparable to the state-wide information, particularly in separating capital expenditures from current expenditures. We have designed this section of our management report using per capita data in order to better identify unique or unusual trends and activities of the City. We intend for this type of comparative and trend information to complement, rather than duplicate, information in the MD&A. An inherent difficulty in presenting per capita information is the accuracy of the population count, which for most years is based on estimates. Year 2015 2016 2017 Population 2,500–10,000 10,000–20,000 20,000–100,000 9,847 9,966 10,066 Property taxes 460$ 432$ 455$ 325$ 327$ 352$ Tax increments 26 26 42 71 24 29 Franchise and other taxes 35 43 45 7 13 11 Special assessments 59 44 59 92 37 31 Licenses and permits 35 33 42 53 60 72 Intergovernmental revenues 313 275 152 142 40 211 Charges for services 110 92 103 50 58 59 Other 91 57 54 71 40 45 Total revenue 1,129$ 1,002$ 952$ 811$ 599$ 810$ City of Arden Hills Governmental Funds Revenue per Capita With State-Wide Averages by Population Class State-Wide December 31, 2016 The City’s governmental funds have generated significantly less revenue per capita in total than other Minnesota cities in its population class. A city’s stage of development, along with the way a city finances various capital projects, will impact the mix of revenue sources it receives. The City generated $8,155,546 of total revenue in its governmental funds in 2017, an increase of $2,175,696 (36.4 percent) from the prior year. The City’s per capita governmental fund revenues for 2017 were $810, an increase of $211 (35.2 percent) per capita from the prior year. Intergovernmental revenues increased $171 per capita, due to a one-time reimbursement from the county for its share of a joint street project, as previously discussed. Property tax revenues increased $25 per capita, due to the increased general property tax levy. -8- GOVERNMENTAL FUND EXPENDITURES The expenditures of governmental funds will also vary from state -wide averages and from year-to-year, based on the City’s circumstances. Expenditures are classified into three types as follows: • Current – These are typically the general operating type expenditures occurring on an annual basis, and are primarily funded by general sources such as taxes and intergovernmental revenues. • Capital Outlay and Construction – These expenditures do not occur on a consistent basis, more typically fluctuating significantly from year-to-year. Many of these expenditures are project-oriented, and are often funded by specific sources that have benefited from the expenditure, such as special assessment improvement projects. • Debt Service – Although the expenditures for debt service may be relatively consistent over the term of the respective debt, the funding source is the important factor. Some debt may be repaid through specific sources such as special assessments or redevelopment funding, while other debt may be repaid with general property taxes. The City’s expenditures per capita of its governmental funds for the past three years, together with state-wide averages, are presented in the following table: Year 2015 2016 2017 Population 2,500–10,000 10,000–20,000 20,000–100,000 9,847 9,966 10,066 Current 145$ 114$ 97$ 116$ 120$ 118$ 263 250 273 195 199 204 126 123 95 34 48 44 93 109 95 58 62 61 74 77 91 25 23 26 701 673 651 428 452 453 Capital outlay and construction 381 370 301 686 99 117 Debt service 196 163 115 28 – – 48 38 34 – – – 244 201 149 28 – – Total expenditures 1,326$ 1,244$ 1,101$ 1,142$ 551$ 570$ Interest and fiscal General government Public safety Public works Parks and recreation Governmental Funds Expenditures per Capita With State-Wide Averages by Population Class City of Arden HillsState-Wide All other Principal December 31, 2016 Total expenditures in the City’s governmental funds for 2017 were $5,754,643, an increase of $261,165 (4.8 percent). The City’s per capita governmental funds current expenditures for 2017 were $453, consistent with the $452 per capita in the prior year. Capital outlay and construction increased by $18 per capita, with increased activity in the City’s Equipment, Building, and Replacement Fund. -9- GENERAL FUND The City’s General Fund accounts for the financial activity of the basic services provided to the community. The primary services included within this fund are the administration of the municipal operation, police and fire protection, building inspection, street maintenance, and parks and recreation. The graph below illustrates the change in the General Fund financial position over the last five years. We have also included a line representing annual expenditures and transfers out to reflect the change in the size of the General Fund operation over the same period. 2013 2014 2015 2016 2017 Fund Bal $2,365,706 $2,345,942 $3,082,410 $2,944,813 $3,639,317 Cash Bal $2,960,646 $2,734,366 $3,752,294 $3,506,967 $3,906,088 Exp & Trans Out $4,086,640 $4,324,507 $3,926,100 $4,940,586 $4,536,636 $– $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 General Fund Financial Position Year Ended December 31, The City’s General Fund cash and investments balance at December 31, 2017 was $3,906,088 (net of borrowing), an increase of $399,121 from the previous year. Total fund balance at December 31, 2017 was $3,639,317, an increase of $694,504 from the prior year. This fund balance level represents approximately 87 percent of the City’s annual General Fund expenditures, based on 2017 expenditure levels, which compares to a prior year fund balance level of 71 percent. The overall impact of operations on fund balance was $890,459 better than anticipated in the final budget. As the graph illustrates, the City has generally been able to maintain stable cash and fund balance levels as the volume of financial activity has fluctuated. This is an important factor because a government, like any organization, requires a certain amount of equity to operate. A healthy financial position allows the City to avoid volatility in tax rates; helps minimize the impact of state funding changes; allows for the adequate and consistent funding of services, repairs, and unexpected costs; and is a factor in determining the City’s bond rating and resulting interest costs. Maintaining an adequate fund balance has become increasingly important given the fluctuations in state funding for cities in recent years. A trend that is typical to Minnesota local governments, especially the General Fund of cities, is the unusual cash flow experienced throughout the year. The City’s General Fund cash disbursements are made fairly evenly during the year other than the impact of seasonal services, such as snowplowing, street maintenance, and park activities. Cash receipts of the General Fund are quite a different story. Property taxes comprise approximately 68 percent of the fund’s total annual revenue. Approximately half of these revenues are received by the City in July and the rest in December. Consequently, the City needs to have adequate cash reserves to finance its everyday operations between these payments. -10- GENERAL FUND REVENUES The following graph reflects the City’s General Fund revenues, budget and actual, for 2017: Other Charges for Services Intergovernmental Licenses and Permits Taxes General Fund Revenue Budget to Actual Budget Actual Total General Fund revenues for 2017 were $5,231,140, which was $370,843 (7.6 percent) over the final budget. Licenses and permits ($381,867) and charges for services ($167,276) were over budget, related to increased development, building activity, and conservative budgeting for these sources. Taxes were $129,685 below anticipated levels, due to abatements and lower collection rates than expected. The following graph presents the City’s General Fund revenues by source for the last five years. The graph reflects the City’s reliance on property taxes and other local sources of revenue: Taxes Licenses and Permits Intergovernmental Charges for Services Other 2013 $3,086,064 $382,039 $120,811 $410,995 $101,518 2014 $3,210,025 $327,727 $136,249 $400,224 $230,518 2015 $3,203,004 $518,846 $130,023 $496,908 $313,787 2016 $3,260,537 $598,686 $131,914 $577,041 $234,811 2017 $3,541,705 $729,197 $151,425 $590,141 $218,672 $– $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 General Fund Revenue by Source Year Ended December 31, Total General Fund revenues for 2017 were $428,151 (8.9 percent) more than prior year. Property tax revenue increased $281,168, due to the increased levy in the current year. Licenses and permits and charges for services increased $130,511 and $13,100, respectively, due to greater levels of building activity. -11- GENERAL FUND EXPENDITURES The following graph reflects the City’s General Fund expenditures, budget and actual, for 2017: Parks and Recreation Public Works Public Safety General Government General Fund Expenditures Budget Actual Total General Fund expenditures for 2017 were $4,196,636, which was $519,616 (11.0 percent) under the final budget. As presented in the budgetary comparison schedule (within the City’s CAFR), expenditure variances were both favorable and unfavorable within the various functions and departments while overall, they remained within total appropriations approved by the City Council. The general government function was $262,992 under budget, mainly in planning and zoning ($129,359) and TCAAP ($88,272) within personal services. The parks and recreation function was under budget by $119,165, mainly in personal services. Public works was under budget by $95,116. The following graph presents the City’s General Fund expenditures by function for the last five years: General Government Public Safety Public Works Parks and Recreation 2013 $970,307 $1,779,549 $391,711 $675,073 2014 $1,056,906 $1,826,098 $580,872 $648,214 2015 $1,015,835 $1,920,280 $336,398 $573,587 2016 $1,082,313 $1,981,506 $479,814 $621,832 2017 $1,076,352 $2,058,037 $443,633 $618,614 $– $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000 $2,200,000 General Fund Expenditures by Function Year Ended December 31, Overall, General Fund expenditures increased $31,171 (0.7 percent) from the prior year. The largest increase was in public safety ($76,531) offset by a decrease in public works ($36,181). -12- ENTERPRISE FUNDS OVERVIEW The City maintains enterprise funds to account for services the City provides that are financed primarily through fees charged to those utilizing the service. This section of the report provides you with an overview of the financial trends and activities of the City’s enterprise funds, which include the Water, Sewer, Surface Water Management, and Recycling Funds. The utility funds comprise a considerable portion of the City’s activities. These funds help to defray overhead and administrative costs and provide additional support to general government operations by way of annual transfers. We understand that the City is proactive in reviewing these activities on an ongoing basis and we want to reiterate the importance of continually monitoring these operations. Over the years, we have emphasized to our city clients the importance of these utility operations being self-sustaining, preventing additional burdens on general government funds. This would include the accumulation of net assets for future capital improvements and to provide a cushion in the event of a negative trend in operations. ENTERPRISE FUNDS FINANCIAL POSITION The following table summarizes the changes in the financial position of the City’s enterprise funds during the year ended December 31, 2017, presented both by classification and by fund: Increase 2017 2016 (Decrease) Net position of enterprise funds Total by classification Investment in capital assets 16,292,000$ 16,306,381$ (14,381)$ Unrestricted 1,298,744 1,116,957 181,787 Total enterprise funds 17,590,744$ 17,423,338$ 167,406$ Total by fund Water 7,519,127$ 7,597,937$ (78,810)$ Sewer 5,765,055 5,845,684 (80,629) Surface Water Management 4,175,003 3,877,304 297,699 Nonmajor Recycling 131,559 102,413 29,146 Total enterprise funds 17,590,744$ 17,423,338$ 167,406$ Enterprise Funds Change in Financial Position Net Position as of December 31, In total, the net position of the City’s enterprise funds increased by $167,406 during the year ended December 31, 2017. This increase was mainly in unrestricted net position, which increased $181,787, due to positive operating results in the enterprise funds. -13- WATER FUND The following graph presents five years of operating results for the Water Fund: 2013 2014 2015 2016 2017 Oper Rev $2,271,072 $2,132,191 $2,099,242 $2,165,773 $2,127,452 Oper Exp, Excl Dep $1,679,255 $1,711,191 $1,579,215 $1,601,171 $1,921,138 Oper Inc Before Dep $591,817 $421,000 $520,027 $564,602 $206,314 $– $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000 $2,200,000 $2,400,000 Water Fund Year Ended December 31, The Water Fund ended 2017 with a net position of $7,519,127, a decrease of $78,810 from the prior year. Of total net position, $6,719,621 represents the investment in capital assets, leaving $799,506 of unrestricted net position. Water Fund operating revenues were $2,127,452 for 2017, a decrease of $38,321. Operating expenses (excluding depreciation of $238,736) were $1,921,138, which represents an increase of $319,967. Expenses were up largely due to an increase in other services and charges and additional supplies and maintenance. Consumption will fluctuate from year-to-year based on many factors, including weather patterns and number of utility customers. -14- SEWER FUND The following graph presents five years of operating results for the Sewer Fund: 2013 2014 2015 2016 2017 Oper Rev $1,798,889 $1,857,272 $1,855,802 $1,989,066 $1,796,144 Oper Exp, Excl Dep $1,434,271 $1,367,820 $1,438,589 $1,362,274 $1,615,427 Oper Inc Before Dep $364,618 $489,452 $417,213 $626,792 $180,717 $– $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000 Sewer Fund Year Ended December 31, The Sewer Fund ended 2017 with a net position of $5,765,055, a decrease of $80,629 from the prior year. Of total net position, $5,859,306 represents the investment in capital assets, leaving a deficit $94,251 of unrestricted net position. Sewer Fund operating revenues for 2017 were $1,796,144, a decrease of $192,922 compared to last year. Operating expenses for 2017 (excluding depreciation of $164,833) were $1,615,427, an increase of $253,153 from the prior year, with increases in sewer charges and other services and charges. -15- SURFACE WATER MANAGEMENT FUND The following graph presents five years of operating results for the Surface Water Management Fund: 2013 2014 2015 2016 2017 Oper Rev $639,747 $762,884 $782,501 $812,044 $834,973 Oper Exp, Excl Dep $397,240 $370,747 $416,945 $390,935 $395,715 Oper Inc Before Dep $242,507 $392,137 $365,556 $421,109 $439,258 $– $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 Surface Water Management Fund Year Ended December 31, The Surface Water Management Fund ended 2017 with a net position of $4,175,003, an increase of $297,699 from the prior year. Of this, $3,713,073 represents the investment in capital assets, leaving $461,930 of unrestricted net position. Surface Water Management Fund operating revenues for 2017 were $834,973, an increase of $22,929 from last year. Operating expenses for 2017 (excluding depreciation of $85,311) were $395,715, or $4,780, more than the prior year. -16- RECYCLING FUND The following graph presents five years of operating results for the Recycling Fund: 2013 2014 2015 2016 2017 Oper Rev $122,666 $130,369 $129,030 $134,739 $151,272 Oper Exp $144,541 $150,417 $239,727 $141,190 $147,919 Oper Inc (Loss)$(21,875)$(20,048)$(110,697)$(6,451)$3,353 $(125,000) $(75,000) $(25,000) $25,000 $75,000 $125,000 $175,000 $225,000 $275,000 Recycling Fund Year Ended December 31, The Recycling Fund ended 2017 with an unrestricted net position of $131,559, an increase of $29,146 from the prior year. Recycling Fund operating revenues for 2017 were $151,272, an increase of $16,533 from the prior year. Operating expenses for 2017 were $147,919, an increase of $6,729 from the prior year. The Recycling Fund also received $24,441 of nonoperating intergovernmental revenues that are available for the operation of the City’s Recycling Program. In 2015, intergovernmental revenues included $100,000 received from Ramsey County as a grant to upgrade city residents’ recycling receptacles. This intergovernmental revenue is not reflected in the graph above; however, the expenses related to this grant are included in the operating results prese nted by the graph above. This one-time grant accounts for the increase in operating expenses in the 2015 fiscal year. -17- GOVERNMENT-WIDE FINANCIAL STATEMENTS In addition to fund-based information, the current reporting model for governmental entities also requires the inclusion of two government -wide financial statements designed to present a clear picture of the City as a single, unified entity. These government-wide financial statements provide information on the total cost of delivering services, including capital assets and long-term liabilities. STATEMENT OF NET POSITION The Statement of Net Position essentially tells you what your city owns and owes at a given point in time, the last day of the fiscal year. Theoretically, net position represents the resources the City has leftover to use for providing services after its debts are settled. However, those resources are not always in spendable form, or there may be restrictions on how some of those resources can be used. Therefore, net position is divided into three components: investment in capital assets, restricted, and unrestricted. The following table presents the components of the City’s net position as of December 31, 2017 and 2016 for governmental activities and business-type activities (utility fund operations): Increase 2017 2016 (Decrease) Net position Governmental activities Investment in capital assets 22,750,377$ 25,178,721$ (2,428,344)$ Restricted 898,739 786,678 112,061 Unrestricted 10,678,219 8,249,560 2,428,659 Total governmental activities 34,327,335 34,214,959 112,376 Business-type activities Investment in capital assets 16,292,000 16,306,381 (14,381) Unrestricted 1,298,744 1,116,957 181,787 Total business-type activities 17,590,744 17,423,338 167,406 Total net position 51,918,079$ 51,638,297$ 279,782$ As of December 31, Net position for governmental activities increased by $112,376 in 2017, as presented above. The investment in capital assets decreased $2,428,344 this year, mainly due to the contribution of capital assets to the county for a multi-year street project accumulated by the City. The remaining change in this category of net position typically depends on the relationship of the rate at which the City is adding capital assets, the rate capital assets are being depreciated, and how the City finances the purchase and construction of capital assets. The restricted portion of net position increased $112,061, due to increases in amounts restricted for tax increment purposes and cable television. The increase in unrestricted net position is due to positive operating results in the current year. The change in net position for business-type activities is consistent with our earlier discussion for the utility operations, which are presented under the same, full accrual, basis of accounting. -18- STATEMENT OF ACTIVITIES The Statement of Activities tracks the City’s yearly revenues and expenses, as well as any other transactions that increase or reduce total net position. These amounts represent the full cost of providing services. The Statement of Activities provides a more comprehensive measure than just the amount of cash that changed hands, as reflected in the fund-based financial statements. This statement includes the cost of supplies used, depreciation of long-lived capital assets, and other accrual-based expenses. The following table presents the change in the net position of the City for t he years ended December 31, 2017 and 2016: 2016 Program Expenses Revenues Net Change Net Change Governmental activities 1,322,106$ 451,414$ (870,692)$ (943,475)$ 2,158,835 1,034,424 (1,124,411) (1,212,122) 3,512,218 2,190,730 (1,321,488) (276,443) 759,737 164,228 (595,509) (607,355) 276,841 – (276,841) (361,029) Business-type activities 2,159,874 2,127,525 (32,349) 333,289 1,780,260 1,796,228 15,968 536,225 481,026 835,030 354,004 343,849 147,919 175,713 27,794 16,988 Total net (expense) revenue 12,598,816$ 8,775,292$ (3,823,524) (2,170,073) General revenues Property taxes 3,526,347 3,278,287 Tax increment collections 295,788 242,544 Franchise taxes 109,070 132,548 Unrestricted investment earnings 172,101 173,026 Total general revenues 4,103,306 3,826,405 Change in net position 279,782$ 1,656,332$ 2017 Net (expense) revenue General government Public safety Parks and recreation Public works Water Recycling Economic development Sewer Surface water management One of the goals of this statement is to provide a side-by-side comparison to illustrate the difference in the way the City’s governmental and business-type operations are financed. The table clearly illustrates the dependence of the City’s governmental operations on general revenues, such as property taxes and unrestricted investment earnings. It also shows that, for the most part, the City’s business-type activities are generating sufficient program revenues (service charges and program-specific grants) to cover expenses. This is critical given the current downward pressures on the general revenue sources. -19- LEGISLATIVE UPDATES The 2017 legislative session began with a full agenda, which included adopting a fiscal year 2018–2019 biennial state budget. The February 2017, state budget forecast projected that the state General Fund would end the 2016–2017 biennium with a surplus of $743 million, eliminating the need for budget cuts or transfers to balance the fund. However, the Legislature was expected to address several significant spending areas for which successful funding appropriations had not been passed in recent legislative sessions. The 2017 regular legislative session ended with four omnibus budget bills being vetoed, potentially leaving a number of these same areas without appropriations. After a three-day special session, the Governor and Legislature were able to agree on budget and appropriation bills addressing most of the state budgetary needs for the upcoming biennium, albeit not without several line item vetoes invoked by the Governor, including striking the appropriations for operating the House and Senate from the bills. The following is a summary of recent legislation affecting Minnesota cities: Omnibus Bonding Bill – The omnibus bonding bill authorizes financing for approximately $1.1 billion in capital improvements. Included in the approved funding was $255 million for transportation infrastructure, $83 million for economic development, $116 million for Public Financing Agency water infrastructure loans and grants to municipalities, and $4 million for Metropolitan Council inflow and infiltration improvement grants to metro area cities. Omnibus Transportation Bill – The omnibus transportation bill appropriates $2.95 billion in fiscal 2018 and $2.87 billion in fiscal 2019, for a wide variety of transportation related projects. Included in the appropriations are approximately $191 million and $198 million for municipal state aid street fund purposes in fiscal 2018 and fiscal 2019, respectively. Property Tax Relief – The omnibus tax bill contained a number of property tax relief measures, including: • Elimination of the implicit price deflator annual increase for the state general property tax levy, effectively freezing it at the payable 2018 level for many property classes; • Exempting the first $100,000 of each commercial-industrial parcel’s tax capacity from the state general property tax levy; • Expanding eligibility for homestead or agricultural property classification exemptions for certain types of resort and conservation property for general property taxes; and • Increasing the minimum value for a storage shed, deck, or similar structure on a leased mobile home to be considered taxable from $1,000 to $10,000. Local Government Aid – The annual appropriation for Local Government Aid (LGA) for cities was increased $15.0 million to $534.4 million for aid payable in 2018 and thereafter, and the LGA payment schedule was accelerated for fiscal 2019 only. Several corrections were also made to the city LGA formula calculation, and a sparsity adjustment was incorporated for certain medium and small cities beginning in 2018. Minnesota Investment Fund – The omnibus jobs and economic growth bill appropriates $12.5 million for each year of the biennium for the Minnesota Investment Fund, which is available for municipalities to provide loans to assist with the expansion of local businesses. Electronic Funds Transfers – Effective August 1, 2017, home rule charter cities of the second, third, or fourth class are added to the list of local government entities allowed to pay certai n claims using electronic funds transfers. To be eligible, local governments must enact specified policy controls governing the initiation, authorization, and documentation of electronic funds transfers. Claims Declaration – The requirement to obtain a specific form of written claim declaration was also repealed based on the understanding that by making the claim, the party making the claim is declaring that the claim is just and correct and has not been paid previously. -20- City E-mail Address Required to Receive State Aid – Effective for state aids payable in 2018 and thereafter, cities will be required to register an official e-mail address with the Commissioner of the state Department of Revenue in order to receive state aid payments. Workforce Housing Tax Increment Financing – The omnibus tax bill created a new authorized use of tax increment financing (TIF), for workforce housing in cities located outside of the statutorily defined metropolitan area that meet certain criteria. Tax Increment Financing Interfund Loans – Interfund loan provisions for TIF were amended to make it easier for cities and development authorities to make and document interfund loans. Loans may now be made or documented up to 60 days after the actual transfer or expenditure occurs. Interfund loan resolutions may now be passed prior to the final approval of the related TIF plan. Loan terms may be amended after the loan has been made if the TIF district has not been decertified. Public Debt – The Legislature passed several amendments to statutes governing public debt that took effect on July 1, 2017, including: • Allowing both home rule charter and statutory cities to issue 20-year capital notes for projects to eliminate R-22 Freon-based refrigerant; • Increasing the maximum dollar limit on Housing and Redevelopment Authority general obligation bond issues from $3 million to $5 million; and • Modifying the requirements for street reconstruction bonds to be approved by a two -thirds majority of the governing body rather than requiring unanimous approval. Local Housing Trust Funds – The omnibus jobs and economic growth appropriations bill established authority for cities to create a local housing trust fund by ordinance, or to participate in a joint powers agreement to establish a regional housing trust fund. The funds, which may be financed from sources such as local government appropriations or housing and redevelopment authority levies, may be used for grants or loans for development, rehabilitation, financing of housing to match federal or state or private funds for housing, down payment assistance, rental assistance, or homebuyer counseling. Long-Term Equity Investment Authority – Effective July 1, 2017, cities with a population of more than 100,000 or those that had their most recently issued general obligation bonds rated in the highest category, are authorized to invest in an expanded list of authorized investments that includes certain equity-based investments. The amount invested in equity-based investments cannot exceed 15 percent of the sum of a city’s assigned cash, cash equivalents, deposits, and investments. Before investing in the expanded list of authorized investments, the governing body of the municipality must adopt a resolution acknowledging the risks assumed. Border-to-Border Broadband Grants – The Legislature appropriated $20 million in fiscal 2018 for the Border-to-Border Broadband Grant Program. The grants, available through the Office of Broadband Development in the Department of Employment and Economic Development, provide funding to help communities meet state goals for the development of state-wide, high-speed broadband access, focusing on areas currently considered to be underserved or with a high concentration of low-income households. Elections – An omnibus elections law was passed making several modifications to election administration, including: requiring special elections conducted by local governments be held on one of five uniform election dates, clarifying the timeline for municipalities to change from o dd to even-year election cycles or vise-versa, allowing municipalities to canvass the results of a primary election on the second or third day after the primary, and appropriating $7 million for grants to replace aging election equipment or purchase electronic poll books. -21- Workers’ Compensation and PERA Retirement Benefits – A statutory change was adopted based on the results of recent court rulings that Public Employees Retirement Association (PERA) retirement benefits should not be offset against workers’ compensation permanent total disability benefits. Under the new law, claimants would receive all past and future permanent and total disability benefits without a PERA retirement offset. Notice of Proposed Ordinances – A new statute was created requiring cities to provide a 10-day notice prior to a scheduled final vote on most new proposed ordinances or amendments to ordinances, and specifying the various acceptable means of providing the required notification. State Building Code Applicability – Construction, additions, and alterations to places of public accommodation; defined as publicly or privately-owned facilities designed for occupancy by 200 or more people as a sports or entertainment arena, stadium, theater, community or convention hall, special event center, indoor amusement facility or water park, or indoor swimming pool; must comply with the state building code. Sunday Liquor Sales – Minnesota Statutes were amended to allow for the sale of intoxicating liquor on Sundays between the hours of 11:00 a.m. and 6:00 p.m. by off-sale licensees, effective July 1, 2017. REAL ID Act – Minnesota Statutes were amended to make the state compliant with federal REAL ID Act requirements, which will change identity verification and security related to state-issued identification cards and driver’s licenses. THIS PAGE INTENTIONALLY LEFT BLANK -22- ACCOUNTING AND AUDITING UPDATES GASB STATEMENT NO. 75, ACCOUNTING AND FINANCIAL REPORTING FOR POSTEMPLOYMENT BENEFITS OTHER THAN PENSIONS GASB Statement No. 75, Accounting and Financial Reporting for Postemployment Benefits Other Than Pensions, establishes new accounting and financial reporting requirements for governments whose employees are provided with other post-employment benefits (OPEB), as well as for certain nonemployer governments that have a legal obligation to provide financial support for OPEB provided to the employees of other entities. This statement replaces the requirements of GASB Statement Nos. 45 and 57. This statement establishes standards for recognizing and measuring liabilities, deferred outflows of resources, deferred inflows of resources, and expense/expenditures. Similar to changes implemented for pensions, this statement requires the liability of employer and nonemployer contributing entities to employees for defined benefit OPEB (net OPEB liability) to be measured as the portion of the present value of projected benefit payments to be provided to current active and inactive employees that is attributed to those employees’ past periods of service (total OPEB liability), less th e amount of the OPEB plan’s fiduciary net position. Note disclosure and RSI requirements about defined benefit OPEB also are addressed. The requirements for this statement are effective for fiscal years beginning after June 15, 2017. Earlier application is encouraged. GASB STATEMENT NO. 83, CERTAIN ASSET RETIREMENT OBLIGATIONS This statement addresses accounting and financial reporting for certain asset retirement obligations (ARO), which are legally enforceable liabilities associated with the retirement of a tangible capital asset. This statement establishes criteria for determining the timing and pattern of recognition of a liability and a corresponding deferred outflow of resources for ARO. A government that has legal obligations to perform future asset retirement activities related to its tangible capital assets should recognize a liability when it is both incurred and reasonably estimable. The measurement of an ARO is required to be based on the best estimate of the current value of outlays expected to be incurred, and a deferred outflow of resources associated with an ARO is required to be measured at the amount of the corresponding liability upon initial measurement. This statement requires the current value of a government’s AROs to be adjusted for the effects of general inflation or deflation at least annually, and a government to evaluate all relevant factors at least annually to determine whether the effects of one or more of the factors are expected to significantly change the estimated asset retirement outlays. A government should remeasure an ARO only when the result of the evaluation indicates there is a significant change in the estimated outlays. Deferred outflows of resources should be reduced and recognized as outflows of resources in a systematic and rational manner over the estimated useful life of the tangible capital asset. If a government owns a minority interest in a jointly owned tangible asset where a nongovernmental entity is the majority owner or has operational responsibility for the jointly owned asset, the government’s minority share of an ARO should be reported using the measurement produced by the nongovernmental majority owner or the nongovernmental minority owner that has operational responsibility, without adjustment to conform to the liability measurement and recognition requirements of this statement. -23- The statement also requires disclosures of any funding or financial assurance requirements a government has related to the performance of asset retirement activities, along with any assets restricted for the payment of the government’s AROs. This statement also requires disclosure of information about the nature of a government’s AROs, the methods and assumptions used for the estimates of the liabilities, and the estimated remaining useful life of the associated tangible capital assets. If an ARO (or portions thereof) has been incurred by a government but is not yet recognized because it is not reasonably estimable, the government is required to disclose that fact and the reasons therefor. This statement requires similar disclosures for a government’s minority shares of AROs. The requirements of this statement are effective for reporting periods beginning after June 15, 2018. Earlier application is encouraged. GASB STATEMENT NO. 84, FIDUCIARY ACTIVITIES This statement establishes criteria for identifying fiduciary activities of all state and local governments. The focus of the criteria generally is on (1) whether a government is controlling the assets of the fiduciary activity and (2) the beneficiaries with whom a fiduciary relationship exists. Separate criteria are included to identify fiduciary component units and post-employment benefit arrangements that are fiduciary activities. An activity meeting the criteria should be reported in a fiduciary fund in the basic financial statements, which should present a statement of fiduciary net position and a statement of changes in fiduciary net position. This statement describes four fiduciary funds that should be reported, if applicable: (1) pension (and other employee benefit) trust funds, (2) investment trust funds, (3) private -purpose trust funds, and (4) custodial funds. Custodial funds generally should report fiduciary activities that are not held in a trust or equivalent arrangement that meets specific criteria. A fiduciary component unit, when reported in the fiduciary fund financial statements of a primary government, should combine its information with its component units that are fiduciary component units and aggregate that combined information with the primary government’s fiduciary funds. This statement also provides for recognition of a liability to the beneficiaries in a fiduciary fund when an event has occurred that compels the government to disburse fiduciary resources, defined as when a demand for the resources has been made or when no further action, approval, or condition is required to be taken or met by the beneficiary to release the assets. The requirements of this statement are effective for reporting periods beginning after December 15, 2018. Earlier application is encouraged. GASB STATEMENT NO. 85, OMNIBUS 2017 The objective of this statement is to address issues that have been identified during implementation and application of certain GASB statements. The statement addresses a variety of topics, including issues related to blending component units, goodwill, fair value measurement and application, and post-employment benefits (pensions and OPEB). The statement is meant to enhance consistency in the application of recent accounting and financial reporting standards. The requirements of this statement are effective for reporting periods beginning after June 15, 2017. -24- GASB STATEMENT NO. 86, CERTAIN DEBT EXTINGUISHMENT ISSUES Current GASB guidance requires that debt be considered defeased in substance when the debtor irrevocably places cash or other monetary assets acquired with refunding debt proceeds in a trust to be used solely for satisfying scheduled payments of both principal and interest of the defeas ed debt. This new standard establishes essentially the same requirements for when a government places cash and other monetary assets acquired with only existing resources in an irrevocable trust to extinguish the debt. The primary objective of this statement is to improve consistency in accounting and financial reporting for in-substance defeasance of debt by providing guidance for transactions in which cash and other monetary assets acquired with only existing resources—resources other than the proceeds of refunding debt—are placed in an irrevocable trust for the sole purpose of extinguishing debt. This statement also improves accounting and financial reporting for prepaid insurance on debt that is extinguished and notes to financial statements for debt that is defeased in substance. The requirements of this statement are effective for reporting periods beginning after June 15, 2017. GASB STATEMENT NO. 87, LEASES A lease is a contract that transfers control of the right to use another entity’s nonfinanci al asset as specified in the contract for a period of time in an exchange or exchange -like transaction. Examples of nonfinancial assets include buildings, land, vehicles, and equipment. Any contract that meets this definition should be accounted for under the leases guidance, unless specifically excluded in this statement. Governments enter into leases for many types of assets. Under the previous guidance, leases were classified as either capital or operating depending on whether the lease met any of four tests. In many cases, the previous guidance resulted in reporting lease transactions differently than similar nonlease financing transactions. The goal of this statement is to better meet the information needs of users by improving accounting and financial reporting for leases by governments. It establishes a single model for lease accounting based on the principle that leases are financings of the right to use an underlying asset. This statement increases the usefulness of financial statements by requiring recognition of certain lease assets and liabilities for leases that previously were classified as operating leases and recognized as inflows of resources or outflows of resources based on the payment provisions of the contract. Under this statement, a lessee is required to recognize a lease liability and an intangible right-to-use lease asset, and a lessor is required to recognize a lease receivable and a deferred inflow of resources, thereby enhancing the relevance and consistency of information about governments’ leasing activities. To reduce the cost of implementation, this statement includes an exception for short -term leases, defined as a lease that, at the commencement of the lease term, has a maximum possible term under the lease contract of 12 months (or less), including any options to extend, regardless of their probability of being exercised. Lessees and lessors should recognize short-term lease payments as outflows of resources or inflows of resources, respectively, based on the payment provisions of the lease contract. The requirements of this statement are effective for reporting periods beginning after December 15, 2019. THIS PAGE INTENTIONALLY LEFT BLANK CITY OF ARDEN HILLS RAMSEY COUNTY, MINNESOTA Comprehensive Annual Financial Report Year Ended December 31, 2017 FINANCE DEPARTMENT Page Letter of Transmittal i–iv GFOA Certificate of Achievement v City Council and Appointed Officials vi Organization Chart vii INDEPENDENT AUDITOR’S REPORT 1–3 MANAGEMENT’S DISCUSSION AND ANALYSIS 4–13 BASIC FINANCIAL STATEMENTS Government-Wide Financial Statements Statement of Net Position 14 Statement of Activities 15–16 Fund Financial Statements Governmental Funds Balance Sheet 17–18 Statement of Revenues, Expenditures, and Changes in Fund Balances 19–20 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities 21 Proprietary Funds Statement of Net Position 22 Statement of Revenues, Expenses, and Changes in Net Position 23 Statement of Cash Flows 24 Notes to Basic Financial Statements 25–46 REQUIRED SUPPLEMENTARY INFORMATION PERA – General Employees Retirement Fund Schedule of City’s and Nonemployer Proportionate Share of Net Pension Liability 47 Schedule of City Contributions 47 Budgetary Comparison Schedule General Fund 48–50 EDA Operating Fund 51 Notes to Required Supplementary Information 52–53 SUPPLEMENTAL INFORMATION Combining and Individual Fund Statements and Schedules Nonmajor Governmental Funds Combining Balance Sheet 54 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 55 INTRODUCTORY SECTION FINANCIAL SECTION CITY OF ARDEN HILLS Table of Contents RAMSEY COUNTY, MINNESOTA Page SUPPLEMENTAL INFORMATION (CONTINUED) Combining and Individual Fund Statements and Schedules (continued) Nonmajor Special Revenue Funds Subcombining Balance Sheet 56 Subcombining Statement of Revenues, Expenditures, and Changes in Fund Balances 57 Nonmajor Capital Project Funds Subcombining Balance Sheet 58 Subcombining Statement of Revenues, Expenditures, and Changes in Fund Balances 59 Special Revenue Funds Schedule of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual Cable Fund 60 EDA Revolving Fund 61 EDA TIF District No. 3 Fund 62 EDA TIF District No. 4 Fund 63 Internal Service Funds Combining Statement of Net Position 64 Combining Statement of Revenues, Expenses, and Changes in Net Position 65 Combining Statement of Cash Flows 66 Net Position by Component 67–68 Changes in Net Position 69–72 Governmental Activities Tax Revenues by Source 73 Fund Balances of Governmental Funds 74–75 Changes in Fund Balances of Governmental Funds 76–77 General Governmental Tax Revenues by Source 78 Tax Capacity Value and Estimated Market Value of Taxable Property 79–80 Property Tax Rates – Direct and Overlapping Governments 81 Principal Property Taxpayers 82 Property Tax Levies and Collections 83 Ratios of Outstanding Debt by Type 84 Direct and Overlapping Governmental Activities Debt 85 Legal Debt Margin Information 86–87 Demographic and Economic Statistics 88 Principal Employers 89 Operating Indicators by Function 90–91 Full-Time Equivalent City Government Employees by Function 92–93 Capital Asset Statistics by Function 94–95 STATISTICAL SECTION (UNAUDITED) CITY OF ARDEN HILLS Table of Contents (continued) RAMSEY COUNTY, MINNESOTA INTRODUCTORY SECTION TAB June 7, 2018 To the Honorable Mayor, Members of the City Council, and Citizens of the City of Arden Hills, Minnesota State law requires that every general purpose local government publish a complete set of audited financial statements. This report is published to fulfill that requirement for the fiscal year ended December 31, 2017. Management assumes full responsibility for the completeness and reliability of the information contained in this report, based upon a comprehensive framework of internal control that it has established for this purpose. Because the cost of internal control should not exceed anticipated benefits, the objective is to provide reasonable, rather than absolute assurance that the financial statements are free of any material misstatements. Malloy, Montague, Karnowski, Radosevich & Co., P.A. (MMKR), Certified Public Accountants, have issued an unmodified (“clean”) opinion on the City of Arden Hills, Minnesota’s (the City) financial statements for the year ended December 31, 2017. The independent auditor’s report is located at the front of the financial section of this report. The management’s discussion and analysis (MD&A) immediately follows the independent auditor’s report and provides a narrative introduction, overview, and analysis of the basic financial statements . The MD&A complements this letter of transmittal and should be read in conjunction with it. PROFILE OF THE GOVERNMENT The City, incorporated in 1951, is a northern suburb of the Minneapolis/St. Paul metropolitan area, situated in Ramsey County. The City occupies 9.65 square miles and serves an estimated population of 10,066. The City is empowered to levy a property tax on both real and personal property located within its boundaries. The City operates under the “Optional Plan A” form of government as defined in Minnesota Statutes. Under this plan, the government of the City is directed by a City Council composed of an elected mayor and four elected councilmembers. The City Council exercises legislative authority and determines all matters of policy. The City Council appoints personnel responsible for the proper administration of all affairs relating to the City. Councilmembers serve four-year terms, with two members elected every two years. The mayor is elected for a four-year term. The mayor and members of the City Council are elected at large. -i- -ii- The City provides a full range of services: the construction and maintenance of streets and other infrastructure; recreational and cultural activities; water, sewer, surface water management, and recycling systems; community development, building inspection, and planning; and general government operations, including administration, finance/accounting, information systems, community information (newsletter), and general government buildings. The City contracts with Ramsey County for police services and Lake Johanna Fire Department for fire services. The City Council is required to adopt a final budget by late December for the subsequent year. The budget is prepared by fund, function (e.g., public safety), and department (e.g., police). Transfers of appropriations between funds require the approval of the City Council. The legal level of budgetary control is the fund level. Budgeted amounts may be amended by the City Council. The City’s capital improvement program (covering five years), the pavement management plan (covering five years), and the Twin Cities Army Ammunition Plant (TCAAP) development plan , along with the annual budget, serve as the foundation for the City’s financial planning, and the annual budget serves as the budget control. LOCAL ECONOMY A number of high-profile leaders in the medical, technology, and business sectors, including Boston Scientific, Land O’ Lakes, IntriCon, Gradient Financial, International Paper, Delkor, and Presbyterian Homes are located within the City. These leaders of industry provide high -paying jobs to skilled employees, which in turn creates a strong base for economic diversity, quality housing, and an involved citizenry. Because of its location in a region with a varied economic base, unemployment is relatively stable . During the past 10 years, the unemployment rate has fluctuated from a high of 7.6 percent in 2009 to the current low of 3.3 percent. Unemployment is expected to remain at or below the regional and national average. During the past 10 years, property taxes have remained a stable and significant source of total General Fund and special revenue fund revenues. Intergovernmental revenues have declined over this same time period and now make up less than 3 percent of total revenues in the General Fund and special revenue funds for the current fiscal year. LONG-TERM FINANCIAL PLANNING The unassigned General Fund balance of $3,065,250 (64.4 percent of total subsequent year General Fund expenditures budgeted) meets the 50 percent target set by the City Council for budgetary and planning purposes. The total General Fund balance also includes $288,519 of nonspendable equity for prepaid items, $48,323 of assigned equity for compensated absences, and $237,225 assigned equity for subsequent year’s budget. The City’s five-year capital improvement program and pavement management plan serve as the foundation for the City’s long-term financial planning. To ensure the timely replacement of infrastructure, the City prepares long-term cost projections for the replacement of all city assets. Funding needs for capital replacements are reflected in tax levies and special assessments for capital assets, and are reflected in user fees established for the Water, Sewer, Surface Water Management, and Recycling Funds. -iii- Projections for the next 10 years indicate that property tax contributions, user fees, and investment income will need to be reevaluated to support scheduled replacements. In 2007, the City established a citizen committee, called the Financial Planning and Analysis Committee, to work on establishing fund balance policies and where future tax rates should be set. A 10-year financial plan has been completed. In 2012, the City entered into a Joint Powers Agreement with Ramsey County to form a Joint Development Authority (JDA) to acquire and develop a portion of the Army property, formerly known as TCAAP. The county officially acquired this property April 15, 2013 and has cleaned it to residential standards. This development is expected to add to the City’s tax base and includes commercial/industrial, residential, and civic uses. The site is approximately 430 acres. RELEVANT FINANCIAL POLICIES Trends of the past decade, changes in state tax law, and recent legislation indicate that the City will have a greater reliance on property taxes as a source of financing for city operations in the future and less reliance on intergovernmental revenues (federal and state). Changes in state tax law over the past few years have resulted in funding changes for both schools and local governments. The elimination of the homestead and agricultural credit aids program, and large cuts in both local government aid and the market value homestead credit programs resulted in revenue losses to the City. In addition, as the TCAAP project progresses the City can expect to see an increase in building permit revenues in the next few years. MAJOR INITIATIVES As previously mentioned, the development of the TCAAP property is a major project for the City. This project also drives transportation issues as the site will increase traffic flows and require access. Currently, the City has U.S. Highway 10, Interstate Highway 694, and Ramsey County 96 as major corridors running through the City. All of these highways border the TCAAP property and present transportation issues within the City; the City has a vested interest in improvements to these corridors and is working cooperatively with the state, county, and federal transportation authorities and legislators. ACKNOWLEDGEMENTS The Government Finance Officers Association (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City for its Comprehensive Annual Financial Report (CAFR) for the fiscal year ended December 31, 2016. This is the eleventh year that the City has received this prestigious award. In order to be awarded a Certificate of Achievement, the City had to publis h an easily readable and efficiently organized CAFR that satisfied both accounting principles generally accepted in the United States of America and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current CAFR continues to meet the Certificate of Achievement Program’s requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. -iv- The preparation of this report would not have been possible without the efficient and dedicated service of the entire staff of the finance department, and through the helpful guidance and assistance from our auditing firm, MMKR. We wish to express our appreciation to all members of the department who assisted and contributed to the preparation of this report. Credit also must be given to the mayor, City Council, and city administrator for their unfailing support in maintaining the highest standards of professionalism in the management of the City’s finances. Respectfully submitted, Dave Perrault City Administrator -v- -vi- Term Expires David Grant Mayor December 31, 2018 Brenda Holden Councilmember December 31, 2020 Fran Holmes Councilmember December 31, 2018 Dave McClung Councilmember December 31, 2020 Steve Scott Councilmember December 31, 2018 William Joynes Interim City Administrator Dave Perrault Interim Director of Finance and Administrative Services/Treasurer Julie Hanson City Clerk Joel Jamnik City Attorney CITY COUNCIL APPOINTED OFFICIALS CITY OF ARDEN HILLS RAMSEY COUNTY, MINNESOTA City Council and Appointed Officials December 31, 2017 2017 City of Arden Hills Organization Chart Customer Service Specialist Assistant City Engineer Deputy Clerk Building Inspector Senior Planner Public Works Maintenance Workers (8) Public Works Director/ City Engineer Finance Analyst City Clerk Building Official City Planner Public Works Superintendent Recreation Coordinator City Attorney Ramsey County Sheriff Lake Johanna Fire Department Director of Finance and Administrative Services Community Development Director Emergency Management Accounting Analyst Accounting Clerk City Administrator Public Safety Office Support Specialist Communications Coordinator -vii- THIS PAGE INTENTIONALLY LEFT BLANK FINANCIAL SECTION TAB -1- INDEPENDENT AUDITOR’S REPORT To the City Council and Management City of Arden Hills, Minnesota REPORT ON THE FINANCIAL STATEMENTS 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 Arden Hills, Minnesota (the City) as of and for the year ended December 31, 2017, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as list ed in the table of contents. MANAGEMENT’S RESPONSIBILITY FOR THE FINANCIAL STATEMENTS Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. AUDITOR’S RESPONSIBILITY 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 from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statemen ts, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the City’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. (continued) -2- OPINIONS In our opinion, the financial statements referred to on the previous page 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 as of December 31, 2017, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended, in accordance with accounting principles generally accepted in the United States of America. OTHER MATTERS Required Supplementary Information Accounting principles generally accepted in the United Stat es of America require that the management’s discussion and analysis and the required supplementary information (RSI), as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context . We have applied certain limited procedures to the RSI in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statemen ts, and other knowledge we obtained during our audit of the basic financial statements . We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The introductory section, supplemental information, and statistical section, as listed in the table of contents, are presented for purposes of additional analysis and are not required parts of the basic financial statements. The supplemental information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in a ccordance with auditing standards generally accepted in the United States of America. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the basic financial statements 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 do not express an opinion or provide any assurance on them. (continued) -3- OTHER REPORTING REQUIRED BY GOVERNMENT AUDITING STANDARDS In accordance with Government Auditing Standards, we have also issued our report dated June 7, 2018 on our consideration of the City’s internal control over financial reporting an d on our tests of its compliance with certain provisions of laws, regulations, contracts, 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 effectiveness of the City’s internal control over financial reporting or on compliance . That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance. Minneapolis, Minnesota June 7, 2018 THIS PAGE INTENTIONALLY LEFT BLANK CITY OF ARDEN HILLS Management’s Discussion and Analysis Year Ended December 31, 2017 -4- As the management of the City of Arden Hills, Minnesota (the City), we offer readers of the City’s Comprehensive Annual Financial Report (CAFR) this narrative overview and analysis of the financial activities of the City for the fiscal year ended December 31, 2017. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our letter of transmittal, which is presented in the introductory section of this report. FINANCIAL HIGHLIGHTS • The assets and deferred outflows of resources of the City exceeded liabilities and deferred inflows of resources at the close of the most recent fiscal year by $51,918,079 (net position). Of this amount, $11,976,963 (unrestricted net position) may be used to meet the City’s ongoing obligations to citizens and creditors. • The City’s total net position increased by $279,782 in 2017. • As of the close of the current fiscal year, the City’s governmental funds reported combined ending fund balances of $10,709,962. Of this total amount, $289,183 is nonspendable and $898,739 is restricted, leaving an unrestricted balance of $9,522,040. • At the end of the current fiscal year, the General Fund has a total fund balance of $3,639,317. At December 31, 2017, the unassigned fund balance of the General Fund was, $3,065,250 or 64.4 percent, of the subsequent year’s budgeted expenditures. OVERVIEW OF THE FINANCIAL STATEMENTS This discussion and analysis is intended to serve as an introduction to the City’s basic financial statements. The City’s basic financial statements include three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to basic 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 Position presents information on all of the City’s assets, liabilities, and deferred inflows/outflows of resources, with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating. The Statement of Activities presents information showing how the City’s net position changed during the most recent fiscal year. All changes in net position are rep orted 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). -5- 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 use r fees and charges (business-type activities). The governmental activities of the City include general government, public safety, public works, parks and recreation, and economic development. The business-type activities of the City include water, sewer, surface water management, and recycling. The government-wide financial statements can be found in the financial section following 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 two categories: governmental funds and proprietary funds. Governmental Funds – Governmental funds are used to account for essentially the same functi ons reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental funds financial statements focus on near-term inflows and outflows of spendable 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 City’s near-term financing 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 statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental funds Balance Sheet and Statement of Revenues, Expenditures, and Changes in Fund Balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The City maintains four individual major governmental funds. Information is presented separately in the governmental funds Balance Sheet and Statement of Revenues, Expenditures, and Changes in Fund Balances for the General; EDA Operating; Equipment, Building, and Replacement; and Permanent Improvement Revolving Funds, which are considered to be major funds. Data from all other governmental funds are combined into a single, aggregated presentation . Individual fund data for each of these nonmajor governmental funds is provided in the form of combining statements elsewhere in this report. The City adopts an annual appropriated budget for its General Fund and special revenue funds. A budgetary comparison schedule has been provided for these funds to demonstrate compliance with this budget. The basic governmental funds financial statements can be found in the financial section of this report immediately following the government-wide financial statements. -6- Proprietary Funds – The City maintains two different types of proprietary funds. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses enterprise funds to account for its water, sewer, surface water management, and recycling operations. Water, sewer, and surface water management are considered to be major funds of the City. Internal service funds are an accounting device used to accumulate and allocate costs internally among the City’s various functions. The City maintains internal service funds for risk management, engineering, central garage, and technology. Because these services predominately benefit governmental rather than business-type functions, they have been included within governmental activities in the government-wide financial statements. The proprietary funds financial statements can be found in the financial section of this report immediately following the governmental funds statements. Notes to Basic Financial Statements – The notes to basic financial statements 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 basic financial statements can be found following the proprietary funds statements within the financial section of this report. Other Information – In addition to the basic financial statements and accompanying notes, the financial section also presents required supplementary information, and the combining and individual fund statements and schedules (presented as supplemental information) referred to earlier in connection with nonmajor governmental funds and internal service funds, which are presented immediately following the basic financial statements. Further, a statistical section has been included as part of the CAFR to facilitate additional analysis, and is the third and final section of the report. GOVERNMENT-WIDE FINANCIAL ANALYSIS An analysis of the City’s financial position begins with a review of the Statement of Net Position and the Statement of Activities. These two statements report the City’s net position and changes in net position. It should be noted that the financial position can also be affected by nonfinancial factors, including economic conditions, population growth, and new regulations. As noted earlier, net position may serve over time as a useful indicator of the City’s financial position. As presented in the following condensed version of the Statement of Net Position, the City’s assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by $51,918,079 at December 31, 2017. The largest portion of the City’s net position, $39,042,377, or 75.2 percent, reflects its investment in capital assets (e.g., land, construction in progress, buildings and structures, infrastructure and improvements, distribution and collection systems, machinery and equipment, office furniture and equipment, and vehicles) net of accumulated depreciation. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. -7- The following table provides the City’s Summary of Net Position: 2017 2016 2017 2016 2017 2016 Assets Current and other assets 14,155,756$ 12,385,881$ 2,312,905$ 2,290,327$ 16,468,661$ 14,676,208$ Capital assets 22,750,377 25,178,721 16,292,000 16,306,381 39,042,377 41,485,102 Total assets 36,906,133$ 37,564,602$ 18,604,905$ 18,596,708$ 55,511,038$ 56,161,310$ Deferred outflows of resources Pension plan deferments – PERA 311,733$ 583,538$ 129,205$ 311,390$ 440,938$ 894,928$ Liabilities Long-term liabilities outstanding 1,020,742$ 1,454,178$ 541,973$ 830,729$ 1,562,715$ 2,284,907$ Other liabilities 1,204,043 1,763,108 387,738 539,337 1,591,781 2,302,445 Total liabilities 2,224,785$ 3,217,286$ 929,711$ 1,370,066$ 3,154,496$ 4,587,352$ Deferred inflows of resources Pension plan deferments – PERA 353,646$ 206,006$ 213,655$ 114,694$ 567,301$ 320,700$ State aid received for subsequent years 312,100 509,889 – – 312,100 509,889 Total deferred inflows of resources 665,746$ 715,895$ 213,655$ 114,694$ 879,401$ 830,589$ Net position Investment in capital assets 22,750,377$ 25,178,721$ 16,292,000$ 16,306,381$ 39,042,377$ 41,485,102$ Restricted 898,739 786,678 – – 898,739 786,678 Unrestricted 10,678,219 8,249,560 1,298,744 1,116,957 11,976,963 9,366,517 Total net position 34,327,335$ 34,214,959$ 17,590,744$ 17,423,338$ 51,918,079$ 51,638,297$ Summary of Net Position as of December 31, 2017 and 2016 Table 1 Activities Activities Total Governmental Business-Type Restricted net position of $898,739 comprises 1.7 percent of net position at the close of the fiscal year ended December 31, 2017. These assets are subject to external restrictions on how they may be used. The balance of unrestricted net position, $11,976,963, or approximately 23.1 percent, may be used to meet the City’s ongoing obligations to citizens and creditors. Certain balances within unrestricted net position may have internally imposed commitments or limitations, which may further limit the purpose for which such net position may be used. At the end of the current fiscal year, the City is able to report positive balances in all three categories of net position, both for the government as a whole, as well as for its separate governmental and business-type activities. The same situation held true for the prior fiscal year. Both governmental activities and business-type activities experienced changes in deferred outflows of resources, deferred inflows of resources, and long-term liabilities as a result of the City’s participation in a state-wide defined benefit pension plan. -8- The following table provides a condensed version of the Statement of Activities for the year ended December 31, 2017 with comparative amounts for the year ended December 31, 2016: 2017 2016 2017 2016 2017 2016 Revenues Program revenues Charges for services 1,360,377$ 1,174,536$ 4,909,841$ 5,101,622$ 6,270,218$ 6,276,158$ Operating grants and contributions 2,031,474 308,900 24,655 26,323 2,056,129 335,223 Capital grants and contributions 448,945 462,105 – 59,248 448,945 521,353 General revenues Property taxes 3,526,347 3,278,287 – – 3,526,347 3,278,287 Tax increment collections 295,788 242,544 – – 295,788 242,544 Franchise taxes 109,070 132,548 – – 109,070 132,548 Unrestricted investment earnings 139,347 155,191 32,754 17,835 172,101 173,026 Total revenues 7,911,348 5,754,111 4,967,250 5,205,028 12,878,598 10,959,139 Expenses General government 1,322,106 1,384,908 – – 1,322,106 1,384,908 Public safety 2,158,835 2,047,961 – – 2,158,835 2,047,961 Public works 3,512,218 800,157 – – 3,512,218 800,157 Parks and recreation 759,737 751,910 – – 759,737 751,910 Economic development 276,841 361,029 – – 276,841 361,029 Water – – 2,159,874 1,833,468 2,159,874 1,833,468 Sewer – – 1,780,260 1,513,219 1,780,260 1,513,219 Surface water management – – 481,026 468,965 481,026 468,965 Recycling – – 147,919 141,190 147,919 141,190 Total expenses 8,029,737 5,345,965 4,569,079 3,956,842 12,598,816 9,302,807 Increase (decrease) in net position before transfers (118,389) 408,146 398,171 1,248,186 279,782 1,656,332 Transfers 230,765 230,765 (230,765) (230,765) – – Increase (decrease) in net position 112,376 638,911 167,406 1,017,421 279,782 1,656,332 Net position – beginning 34,214,959 33,576,048 17,423,338 16,405,917 51,638,297 49,981,965 Net position – ending 34,327,335$ 34,214,959$ 17,590,744$ 17,423,338$ 51,918,079$ 51,638,297$ Activities Activities Total Table 2 Changes in Net Position Years Ended December 31, 2017 and 2016 Governmental Business-Type Governmental Activities – Current year operating results of governmental activities increased net position by $112,376, compared to an increase of $638,911 in the prior year. Changes from the prior year included the following: • Operating grants and contributions were up due to a one-time reimbursement from the county for its share of a joint street project. • Public works spending was up in the current year, due to the contribution of capital assets to the county for a multi-year street project accumulated by the City as part of the joint street project. Business-Type Activities – Current year operating results of business-type activities increased net position by $167,406, due to positive results of the utility operations of the City. Program revenues exceeded program expenses for each of the City’s business-type activities, except water. -9- Below are specific graphs that provide comparisons of the governmental activities revenue and expenses: -10- Below are specific graphs that provide comparisons of the business-type activities revenue and expenses: -11- FINANCIAL ANALYSIS OF THE GOVERNMENT’S FUNDS As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. 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, unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. As of the end of the current fiscal year, the City’s governmental funds reported combined ending fund balances of $10,709,962, an increase of $2,872,493 in comparison with the prior year. Committed, assigned, and unassigned fund balance, which are available for spending at the government’s discretion, have a total balance of $9,522,040 at year-end. The remainder of fund balance is nonspendable or restricted to indicate that it is not available for new spending because it has already been obligated : 1) for tax increment purposes ($616,829), 2) for cable TV purposes ($281,910), or 3) is not in spendable form for prepaid items ($289,183). The General Fund is the chief operating fund of the City. At the end of the current fiscal year, unassigned fund balance of the General Fund was $3,065,250, while total fund balance equaled $3,639,317. As a measure of the General Fund’s liquidity, it may be useful to compare the unassigned fund balance to expenditures. Unassigned fund balance represents 64.4 percent of the total subsequent year General Fund expenditures. The City’s General Fund equity increased by $694,504 during the current fiscal year, compared to a $195,955 decrease approved in the final budget; this was due to favorable revenue and expenditure variances, with several departments spending less than amounts approved in the budget mainly in personal services. Conservative budgeting for less predictable sources such as licenses and permits and charges for services contributed to the favorable revenue variance. Fund balance in the EDA Operating Fund increased by $19,411, which compares to an anticipated fund balance reduction of $83,599. Tax increment collections and earnings on investments were $3,709 more than expected in the final budget, while expenditures were $99,301 below appropriations. Equity in the Equipment, Building, and Replacement Fund decreased by $222,167 as expenditures exceeded revenues and transfers in the current year. The General Fund, Water Fund, Sewer Fund, and Surface Water Management Fund made transfers of $280,765 to this fund in the current year. Fund balance in the Permanent Improvement Revolving Fund increased by $2,341,078 in the current year. Total revenues and transfers from the General Fund, Water Fund, Sewer Fund, and Surface Water Management Fund exceeded current year expenditures based on the timing of projects. Proprietary Funds – The City’s proprietary funds provide the same type of information found in the government-wide financial statements, but in more detail. Unrestricted net position in the respective proprietary funds includes: $799,506 for water, negative ($94,251) for sewer, $461,930 for surface water management, and $131,559 for recycling. Water net position decreased $78,810, sewer net position decreased $80,629, surface water management net position increased $297,699, and recycling net position increased $29,146 during the year. -12- GENERAL FUND BUDGETARY HIGHLIGHTS Total General Fund revenues were $370,843 more than estimated in the budget. Licenses and permits and charges for services revenue surpassed budgeted levels by $381,867 and $167,276, respectively, due to development activity surpassing expected amounts. An unfavorable variance in property taxes partially offset the favorable variances previously discussed. Expenditures within the General Fund were less than budget by $519,616 spread across several functions, but most noticeably in general government and parks and recreation, mainly in personal services. During the year, there were no budget amendments in the General Fund approved by City Council. CAPITAL ASSETS AND LONG-TERM DEBT Capital Assets – The City’s investment in capital assets for its governmental and business-type activities as of December 31, 2017 amounts to $39,042,377 (net of accumulated depreciation). This investment in capital assets includes items such as land, construction in progress, buildings and structures, infrastructure and improvements, distribution and collection systems, machinery and equipment, office furniture and equipment, and vehicles. The total decrease in the City’s investment in capital assets for the current fiscal year was 5.9 percent (a decrease of 9.6 percent for governmental activities and a decrease of 0.1 percent for business-type activities). 2017 2016 2017 2016 2017 2016 Land 2,679,818$ 2,679,818$ –$ –$ 2,679,818$ 2,679,818$ Construction in progress 552,481 7,315,839 324,945 2,075,734 877,426 9,391,573 Buildings and structures 3,594,986 3,514,527 704,778 746,320 4,299,764 4,260,847 Infrastructure and improvements 14,242,467 10,349,148 – – 14,242,467 10,349,148 Distribution and collection systems – – 15,173,947 13,384,114 15,173,947 13,384,114 Machinery and equipment 300,958 208,687 88,330 100,213 389,288 308,900 Office furniture and equipment 57,236 71,460 – – 57,236 71,460 Vehicles 1,322,431 1,039,242 – – 1,322,431 1,039,242 Total 22,750,377$ 25,178,721$ 16,292,000$ 16,306,381$ 39,042,377$ 41,485,102$ Table 3 Capital Assets (Net of Depreciation) Total Business-Type Activities Governmental Activities Decreases in the current year included the contribution of capital assets to the county for a multi-year street project accumulated by the City. Additional information on the City’s capital assets can be found in Note 3 of the notes to basic financial statements. -13- Long-Term Debt – At the end of the current fiscal year, the City had no bonded debt outstanding. Remaining long-term debt includes the net pension liability and compensated absences payable. 2017 2016 2017 2016 2017 2016 Compensated absences payable 49,694$ 64,277$ 44,716$ 52,721$ 94,410$ 116,998$ Net pension liability 971,048 1,389,901 497,257 778,008 1,468,305 2,167,909 Total 1,020,742$ 1,454,178$ 541,973$ 830,729$ 1,562,715$ 2,284,907$ Table 4 Outstanding Debt Summary of Long-Term Debt Total Governmental Business-Type Activities Activities State statutes limit the amount of general obligation debt a Minnesota city may issue to 3 percent of total estimated market value. As previously discussed, the net pension liability decreased from the prior year for the change in the City’s proportionate share of pension obligations for the Public Employees Retirement Association – General Employees Retirement Fund state-wide pension plan. Additional information on the City’s long-term liabilities can be found in Note 4 of the notes to basic financial statements. ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND RATES • Dramatic increases in local government aids and other state sources are not anticipated based on legislation at the time of writing this report. • Property tax collection rates are expected to remain strong, at or near the 2017 level. All of these factors were considered in preparing the City’s budget for the 2018 fiscal year. REQUESTS FOR INFORMATION This CAFR is designed to provide a general overview of the City’s finances for all those with an interest in the City’s finances. Questions concerning any of the information provided in this report or requests for additional financial information should be addressed to the finance department, 1245 West Highway 96, Arden Hills, Minnesota 55112. BASIC FINANCIAL STATEMENTS TAB Governmental Business-Type Activities Activities Total Assets Cash and investments 9,981,271$ 1,380,385$ 11,361,656$ Accrued interest receivable 49,686 8,041 57,727 Accounts receivable 110,377 1,206,113 1,316,490 Taxes receivable 63,604 – 63,604 Special assessments receivable 1,565,721 – 1,565,721 Internal balances 291,870 (291,870) – Due from other governmental units 1,804,021 – 1,804,021 Prepaid items 289,206 945 290,151 Inventory – 9,291 9,291 Capital assets Nondepreciable 3,232,299 324,945 3,557,244 Depreciable, net of accumulated depreciation 19,518,078 15,967,055 35,485,133 Total assets 36,906,133 18,604,905 55,511,038 Deferred outflows of resources Pension plan deferments – PERA 311,733 129,205 440,938 Liabilities Accounts payable 472,954 78,783 551,737 Salaries payable 23,213 12,628 35,841 Deposits payable 485,695 – 485,695 Due to other governmental units 173,099 296,327 469,426 Unearned revenue 49,082 – 49,082 Compensated absences payable Due within one year 37,270 33,537 70,807 Due in more than one year 12,424 11,179 23,603 Net pension liability Due in more than one year 971,048 497,257 1,468,305 Total liabilities 2,224,785 929,711 3,154,496 Deferred inflows of resources Pension plan deferments – PERA 353,646 213,655 567,301 State aid received for subsequent years 312,100 – 312,100 Total deferred inflows of resources 665,746 213,655 879,401 Net position Investment in capital assets 22,750,377 16,292,000 39,042,377 Restricted for Tax increment purposes 616,829 – 616,829 Cable TV 281,910 – 281,910 Unrestricted 10,678,219 1,298,744 11,976,963 Total net position 34,327,335$ 17,590,744$ 51,918,079$ CITY OF ARDEN HILLS Statement of Net Position as of December 31, 2017 See notes to basic financial statements -14- Operating Capital Charges for Grants and Grants and Expenses Services Contributions Contributions Functions/programs Primary government Governmental activities General government 1,322,106$ 314,166$ 137,248$ –$ Public safety 2,158,835 915,632 97,254 21,538 Public works 3,512,218 7,029 1,796,972 386,729 Parks and recreation 759,737 123,550 – 40,678 Economic development 276,841 – – – Total governmental activities 8,029,737 1,360,377 2,031,474 448,945 Business-type activities Water 2,159,874 2,127,452 73 – Sewer 1,780,260 1,796,144 84 – Surface water management 481,026 834,973 57 – Recycling 147,919 151,272 24,441 – Total business-type activities 4,569,079 4,909,841 24,655 – Total primary government 12,598,816$ 6,270,218$ 2,056,129$ 448,945$ General revenues Property taxes Tax increment collections Franchise taxes Unrestricted investment earnings Transfers Total general revenues and transfers Change in net position Net position – beginning Net position – ending CITY OF ARDEN HILLS Statement of Activities Year Ended December 31, 2017 Program Revenues See notes to basic financial statements -15- Governmental Business-Type Activities Activities Total (870,692)$ –$ (870,692)$ (1,124,411) – (1,124,411) (1,321,488) – (1,321,488) (595,509) – (595,509) (276,841) – (276,841) (4,188,941) – (4,188,941) – (32,349) (32,349) – 15,968 15,968 – 354,004 354,004 – 27,794 27,794 – 365,417 365,417 (4,188,941) 365,417 (3,823,524) 3,526,347 – 3,526,347 295,788 – 295,788 109,070 – 109,070 139,347 32,754 172,101 230,765 (230,765) – 4,301,317 (198,011) 4,103,306 112,376 167,406 279,782 34,214,959 17,423,338 51,638,297 34,327,335$ 17,590,744$ 51,918,079$ Changes in Net Position Net (Expense) Revenue and -16- Equipment,Permanent EDA Building, and Improvement General Operating Replacement Revolving Cash and investments 3,906,088$ 304,102$ –$ 4,156,811$ Accrued interest receivable 17,577 1,541 – 23,262 Accounts receivable 83,009 – – – Taxes receivable 62,238 1,366 – – Special assessments receivable 8,784 – – 1,556,937 Interfund receivable – – – 747,009 Due from other governmental units 81,298 – – 1,722,723 Prepaid items 288,519 450 – – Total assets 4,447,513$ 307,459$ –$ 8,206,742$ Liabilities Accounts payable 89,092$ 1,977$ –$ 247,136$ Salaries payable 21,256 382 – – Deposits payable 485,695 – – – Interfund payable – – 259,269 – Due to other governmental units 121,761 – – 15,190 Unearned revenue 49,082 – – – Total liabilities 766,886 2,359 259,269 262,326 Deferred inflows of resources Unavailable revenue – taxes 32,526 2,042 – – Unavailable revenue – special assessments 8,784 – – 1,551,859 State aid received for subsequent years – – – 312,100 Total deferred inflows of resources 41,310 2,042 – 1,863,959 Fund balances (deficits) Nonspendable 288,519 450 – – Restricted – – – – Committed – 302,608 – – Assigned 285,548 – – 6,080,457 Unassigned 3,065,250 – (259,269) – Total fund balances (deficits)3,639,317 303,058 (259,269) 6,080,457 Total liabilities, deferred inflows of resources, and fund balances 4,447,513$ 307,459$ –$ 8,206,742$ Fund balances reported above Amounts reported for governmental activities in the Statement of Net Position are different because: Nondepreciable Depreciable Due within one year Due in more than one year Deferred outflows – pension plans Deferred inflows – pension plans Deferred inflows – unavailable revenues Net position of governmental activities The recognition of certain revenues and expenses/expenditures differ between the full accrual governmental activities financial statements and the modified accrual governmental fund financial statements. as of December 31, 2017 Assets CITY OF ARDEN HILLS Balance Sheet Governmental Funds Capital assets used in governmental activities are not financial resources and, therefore, are not reported in the funds. Internal service funds are used to allocate costs to individual funds. Net position is included in governmental activities in the Statement of Net Position. Long-term liabilities are not payable with current financial resources and,therefore,are not reported in governmental funds (see Note 4 for more details on components of long-term liabilities). See notes to basic financial statements -17- Other Total Governmental Intra-Activity Governmental Funds Eliminations Funds 1,192,810$ –$ 9,559,811$ 5,710 – 48,090 27,368 – 110,377 – – 63,604 – – 1,565,721 – (439,147) 307,862 – – 1,804,021 214 – 289,183 1,226,102$ (439,147)$ 13,748,669$ 98,857$ –$ 437,062$ 968 – 22,606 – – 485,695 179,878 (439,147) – – – 136,951 – – 49,082 279,703 (439,147) 1,131,396 – – 34,568 – – 1,560,643 – – 312,100 – – 1,907,311 214 – 289,183 898,739 – 898,739 169,388 – 471,996 57,936 – 6,423,941 (179,878) – 2,626,103 946,399 – 10,709,962 1,226,102$ (439,147)$ 13,748,669$ 10,709,962$ 3,232,299 19,518,078 333,069 (36,242) (983,129) 311,733 (353,646) 1,595,211 34,327,335$ -18- Equipment,Permanent EDA Building, and Improvement General Operating Replacement Revolving Revenues Taxes General property taxes 3,541,705$ –$ –$ –$ Tax increments – 4,729 – – Special assessments 1,265 – – 307,725 Licenses and permits 729,197 – – – Intergovernmental 151,425 – – 1,972,989 Charges for services 590,141 – – – Fines and forfeits 29,989 – – – Earnings on investments 36,012 4,580 – 75,249 Franchise taxes – – – – Antenna rental fees 128,765 – – – Miscellaneous reimbursements 18,374 – – – Other 4,267 – 36,500 77,077 Total revenues 5,231,140 9,309 36,500 2,433,040 Expenditures Current General government 1,076,352 – – – Public safety 2,058,037 – – – Public works 443,633 – – – Parks and recreation 618,614 – – – Economic development – 78,251 – – Capital outlay Public safety – – – – Public works – – 461,483 272,928 Parks and recreation – – 77,949 259,859 Economic development – 1,647 – – Total expenditures 4,196,636 79,898 539,432 532,787 Revenues over (under) expenditures 1,034,504 (70,589) (502,932) 1,900,253 Other financing sources (uses) Transfers in – 90,000 280,765 440,825 Transfers out (340,000) – – – Total other financing sources (uses)(340,000) 90,000 280,765 440,825 Net changes in fund balances 694,504 19,411 (222,167) 2,341,078 Fund balances (deficits) – beginning 2,944,813 283,647 (37,102) 3,739,379 Fund balances (deficits) – ending 3,639,317$ 303,058$ (259,269)$ 6,080,457$ Year Ended December 31, 2017 CITY OF ARDEN HILLS Statement of Revenues, Expenditures, and Changes in Fund Balances Governmental Funds See notes to basic financial statements -19- Other Total Governmental Intra-Activity Governmental Funds Eliminations Funds –$ –$ 3,541,705$ 291,059 – 295,788 – – 308,990 – – 729,197 – – 2,124,414 – – 590,141 – – 29,989 17,390 – 133,231 109,070 – 109,070 – – 128,765 – – 18,374 28,038 – 145,882 445,557 – 8,155,546 113,148 – 1,189,500 – – 2,058,037 – – 443,633 – – 618,614 186,654 – 264,905 100,215 – 100,215 – – 734,411 – – 337,808 5,873 – 7,520 405,890 – 5,754,643 39,667 – 2,400,903 – (340,000) 471,590 – 340,000 – – – 471,590 39,667 – 2,872,493 906,732 – 7,837,469 946,399$ –$ 10,709,962$ -20- THIS PAGE INTENTIONALLY LEFT BLANK Net changes in fund balances – total governmental funds 2,872,493$ 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. Capital outlay 1,087,523 Depreciation expense (697,992) Contributions of capital assets to other governmental entities are not a use of current financial resources and, therefore, not reported in governmental funds.(2,577,050) Contributions of capital assets to enterprise funds are not a use of current financial resources and, therefore, not reported in governmental funds.(240,825) Adjustments are made between the governmental funds and the Statement of Activities for the long-term liability activity of the net pension liability.418,853 The recognition of certain revenues and expenses/expenditures differ between the full accrual governmental activities financial statements and the modified accrual governmental fund financial statements. Deferred outflows – pension plans (271,805) Deferred inflows – pension plans (147,640) Deferred inflows – unavailable revenues (250,634) Internal service funds are used to allocate costs to individual funds.The net revenue of the Internal Service Fund is reported with governmental activities in the government-wide financial statements.(94,040) 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. Compensated absences 13,493 Change in net position of governmental activities 112,376$ Amounts reported for governmental activities in the Statement of Activities are different because: CITY OF ARDEN HILLS Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities Governmental Funds Year Ended December 31, 2017 See notes to basic financial statements -21- Surface Internal Water Nonmajor Service Water Sewer Management Recycling Totals Funds Assets Current assets Cash and investments 823,235$ –$ 412,478$ 144,672$ 1,380,385$ 421,460$ Accrued interest receivable 4,689 – 2,640 712 8,041 1,596 Accounts receivable Customers 460,718 455,780 217,312 – 1,133,810 – Customer accounts certified to county 29,041 32,042 7,606 3,614 72,303 – Prepaid items 315 315 315 – 945 23 Inventory 9,291 – – – 9,291 – Total current assets 1,327,289 488,137 640,351 148,998 2,604,775 423,079 Noncurrent assets Capital assets Buildings and structures 818,476 16,564 – – 835,040 – Distribution and collection systems 9,581,089 9,430,330 4,258,519 – 23,269,938 – Machinery and equipment 315,109 634,405 1,187 – 950,701 – Office furniture and equipment 6,951 5,024 – – 11,975 – Vehicles 91,238 45,421 – – 136,659 – Construction in progress 181,402 54,393 89,150 – 324,945 – Total capital assets 10,994,265 10,186,137 4,348,856 – 25,529,258 – Less accumulated depreciation (4,274,644) (4,326,831) (635,783) – (9,237,258) – Total capital assets (net of accumulated depreciation)6,719,621 5,859,306 3,713,073 – 16,292,000 – Total assets 8,046,910 6,347,443 4,353,424 148,998 18,896,775 423,079 Deferred outflows of resources Pension plan deferments – PERA 44,057 50,314 34,834 – 129,205 – Liabilities Current liabilities Accounts payable 24,863 38,730 8,080 7,110 78,783 35,892 Salaries payable 4,067 5,250 2,953 358 12,628 607 Interfund payable – 291,870 – – 291,870 15,992 Due to other governmental units 284,833 2,460 – 9,034 296,327 36,148 Compensated absences payable 11,164 12,576 9,094 703 33,537 1,028 Total current liabilities 324,927 350,886 20,127 17,205 713,145 89,667 Noncurrent liabilities Compensated absences payable (net of current portion)3,722 4,192 3,031 234 11,179 343 Net pension liability 170,133 193,882 133,242 – 497,257 – Total noncurrent liabilities 173,855 198,074 136,273 234 508,436 343 Total liabilities 498,782 548,960 156,400 17,439 1,221,581 90,010 Deferred inflows of resources Pension plan deferments – PERA 73,058 83,742 56,855 – 213,655 – Net position Investment in capital assets 6,719,621 5,859,306 3,713,073 – 16,292,000 – Unrestricted 799,506 (94,251) 461,930 131,559 1,298,744 333,069 Total net position 7,519,127$ 5,765,055$ 4,175,003$ 131,559$ 17,590,744$ 333,069$ Business-Type Activities – Enterprise Funds CITY OF ARDEN HILLS Statement of Net Position Proprietary Funds as of December 31, 2017 See notes to basic financial statements -22- Surface Internal Water Nonmajor Service Water Sewer Management Recycling Totals Funds Operating revenues Charges for services 2,124,379$ 1,792,719$ 834,765$ 127,816$ 4,879,679$ 798,741$ Permit fees 515 2,645 – – 3,160 – Miscellaneous 2,558 780 208 23,456 27,002 6,711 Total operating revenues 2,127,452 1,796,144 834,973 151,272 4,909,841 805,452 Operating expenses Personal services 282,634 340,181 199,350 17,793 839,958 29,544 Supplies and maintenance 93,436 11,190 1,683 – 106,309 148,129 Other services and charges 433,523 374,373 90,189 7,940 906,025 108,947 Rent 26,821 26,551 11,800 – 65,172 – Insurance 25,799 25,799 25,799 – 77,397 – Utilities 13,552 17,468 – – 31,020 – Purchased services 79,889 79,447 66,894 9,678 235,908 618,988 Purchased water 965,484 – – – 965,484 – Recycling charges – – – 112,508 112,508 – Sewer charges – 740,418 – – 740,418 – Depreciation 238,736 164,833 85,311 – 488,880 – Total operating expenses 2,159,874 1,780,260 481,026 147,919 4,569,079 905,608 Operating income (loss)(32,422) 15,884 353,947 3,353 340,762 (100,156) Nonoperating revenues Intergovernmental revenue 73 84 57 24,441 24,655 – Earnings on investments 21,935 273 9,194 1,352 32,754 6,116 Total nonoperating revenues 22,008 357 9,251 25,793 57,409 6,116 Income before contributions and transfers (10,414) 16,241 363,198 29,146 398,171 (94,040) Capital contributions 67,000 42,000 131,825 – 240,825 – Transfers out (135,396) (138,870) (197,324) – (471,590) – Change in net position (78,810) (80,629) 297,699 29,146 167,406 (94,040) Net position Beginning of year 7,597,937 5,845,684 3,877,304 102,413 17,423,338 427,109 End of year 7,519,127$ 5,765,055$ 4,175,003$ 131,559$ 17,590,744$ 333,069$ Business-Type Activities – Enterprise Funds CITY OF ARDEN HILLS Statement of Revenues, Expenses, and Changes in Net Position Proprietary Funds Year Ended December 31, 2017 See notes to basic financial statements -23- Surface Nonmajor Internal Water Service Water Sewer Management Recycling Totals Funds Cash flows from operating activities Receipts from customers and users 2,157,750$ 1,979,821$ 827,381$ 150,885$ 5,115,837$ 805,452$ Payments to suppliers (1,552,264) (1,258,347) (234,444) (125,264) (3,170,319) (813,008) Payments to employees (286,291) (345,204) (202,166) (17,628) (851,289) (30,776) Payments for interfund services used (55,802) (57,399) (38,852) (4,172) (156,225) – Net cash flows from operating activities 263,393 318,871 351,919 3,821 938,004 (38,332) Cash flows from noncapital financing activities Grants received 73 84 57 24,441 24,655 – Cash paid to other funds – (133,652) – – (133,652) (27,404) Transfers out (135,396) (138,870) (197,324) – (471,590) – Net cash flows from noncapital financing activities (135,323) (272,438) (197,267) 24,441 (580,587) (27,404) Cash flows from capital and related financing activities Acquisition and construction of capital assets (123,886) (46,706) (63,082) – (233,674) – Cash flows from investing activities Earnings on investments 20,792 273 8,091 1,111 30,267 6,056 Net change in cash and cash equivalents 24,976 – 99,661 29,373 154,010 (59,680) Cash and cash equivalents – beginning 798,259 – 312,817 115,299 1,226,375 481,140 Cash and cash equivalents – ending 823,235$ –$ 412,478$ 144,672$ 1,380,385$ 421,460$ Reconciliation of operating income (loss) to net cash flows from operating activities Operating income (loss)(32,422)$ 15,884$ 353,947$ 3,353$ 340,762$ (100,156)$ Adjustments to reconcile operating income (loss) to net cash flows from operating activities Depreciation 238,736 164,833 85,311 – 488,880 – Decrease (increase) in customer receivables 30,298 183,677 (7,592) (387) 205,996 – Decrease (increase) in prepaid items (290) 61,412 (290) – 60,832 26,869 Decrease (increase) in inventory 743 – – – 743 – Decrease (increase) in deferred outflows 62,287 71,594 48,304 – 182,185 – Increase (decrease) in accounts payable (57,039) (37,904) (76,641) (830) (172,414) 18,542 Increase (decrease) in salaries payable (1,238) (1,600) (994) 111 (3,721) (142) Increase (decrease) in due to other governments 87,024 (64,008) – 1,520 24,536 17,645 Increase (decrease) in net pension liability (95,986) (110,327) (74,438) – (280,751) – Increase (decrease) in compensated absences payable (2,554) (3,579) (1,926) 54 (8,005) (1,090) Increase (decrease) in deferred inflows 33,834 38,889 26,238 – 98,961 – Total adjustments 295,815 302,987 (2,028) 468 597,242 61,824 Net cash flows from operating activities 263,393$ 318,871$ 351,919$ 3,821$ 938,004$ (38,332)$ Noncash investing, capital, and financing activities Capital contributions 67,000$ 42,000$ 131,825$ –$ 240,825$ –$ Business-Type Activities – Enterprise Funds CITY OF ARDEN HILLS Statement of Cash Flows Proprietary Funds Year Ended December 31, 2017 See notes to basic financial statements -24- CITY OF ARDEN HILLS Notes to Basic Financial Statements December 31, 2017 -25- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES A. Organization The City of Arden Hills, Minnesota (the City) was incorporated in 1951 and operates under the “Optional Plan A” form of government as defined in Minnesota Statutes. Under this plan, the government of the City is directed by a council composed of an elected mayor and four elected councilmembers. The City Council exercises legislative authority and determines all matters of policy. The City Council appoints personnel responsible for the proper administration of all affairs relating to the City. The City provides the following municipal services: public safety (police, fire, civil defense, and animal control), highways and streets, sanitation and health, parks and recreation, public improvements, community development, and general administrative services. The accounting policies of the City conform to accounting principles generally accepted in the United States of America as applicable to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. B. Reporting Entity As required by accounting principles generally accepted in the United States of America, these financial statements include the City (the primary government) and its component unit. Component units are legally separate entities for which the primary government is financially accountable, or for which the exclusion of the component unit would render the financial statements of the primary government misleading. The criteria used to determine if the primary government is financially accountable for a component unit includes whether or not the primary government appoints the voting majority of the potential component unit’s board, is able to impose its will on the potential component unit, is in a relationship of financial benefit or burden with the potential component unit, or is fiscally depended upon by the potential component unit. Blended component units, although legally separate entities, are, in substance, part of the City’s operations; therefore, data from these units are combined with data of the City. The City’s blended component unit has a December 31 year-end. The City has the following component unit: Arden Hills Economic Development Authority (EDA) – The EDA of the City was created pursuant to Minnesota Statutes § 469.090–469.108 to carryout economic and industrial development and redevelopment consistent with policies established by the City Council . It is composed of the members of the City Council and the City has operational responsibility for the component unit. The EDA’s activities are blended and reported in separate special revenue funds . Separate financial statements are not issued for this component unit. -26- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) C. Government-Wide Financial Statement Presentation The government-wide financial statements (Statement of Net Position and Statement of Activities) display information about the reporting government as a whole. These statements include all of the financial activities of the City. Governmental activities, which are normally supported by taxes and intergovernmental revenues, are reported separately from business -type activities, which significantly rely upon sales, fees, and charges for support. The Statement of Activities demonstrates the degree to which the direct expenses of a given function or segment are offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. 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 segment, 2) operating grants and contributions, and 3) capital grants and contributio ns, including special assessments that are restricted to meeting the operational or capital requirements of a p articular function or segment. Taxes and other internally directed revenues are reported as general revenues. The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes and special assessments are recognized as revenues in the fiscal year for which they are certified for levy. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met. As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. However, charges between the City’s enterprise funds and other functions are not eliminated, as that would distort the direct costs and program revenues reported in thos e functions. Depreciation expense is included in the direct expenses of each function. Interest on long-term debt is considered an indirect expense and is reported separately on the Statement of Activities. D. Fund Financial Statement Presentation Separate fund financial statements are provided for governmental and proprietary funds. Major individual governmental and enterprise funds are reported as separate columns in the fund financial statements. Aggregated information for the remaining nonmajor governmental funds is reported in a single column in the fund financial statements. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under this basis of accounting transactions are recorded in the following manner: 1. Revenue Recognition – Revenue is recognized when it becomes measurable and available. “Measurable” means the amount of the transaction can be determined and “available” means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. For this purpose, the City considers revenues to be available if they are collected within 60 days after year-end. 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. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met. Proceeds of long-term debt and acquisitions under capital leases are reported as other financing sources. Major revenue that is susceptible to accrual includes property taxes, special assessments, intergovernmental revenue, charges for services, and interest earned on invest ments. Major revenue that is not susceptible to accrual includes licenses and permits, fees, and miscellaneous revenue. Such revenue is recorded only when received because it is not measurable until collected. -27- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 2. Recording of Expenditures – Expenditures are generally recorded when a liability is incurred, except for principal and interest on long-term debt and other long-term obligations, which are recognized as expenditures to the extent they have matured. Capital asset acquisitions are reported as capital outlay expenditures in the governmental funds. Proprietary fund financial statements are reported using the economic resources measurement focus and accrual basis of accounting, similar to the government-wide financial statements. 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 City’s enterprise funds and internal service funds are charges to customers for sales and services. The operating expenses for the enterprise funds and internal service funds include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses that do not meet this definition are reported as nonoperating revenues and expenses. Aggregated information for the internal service funds is reported in a single column in the proprietary fund financial statements. Because the principal user of the internal services is the City’s governmental activities, the financial statements of the internal service funds are consolidated into the governmental column when presented in the government-wide financial statements. The cost of these services is reported in the appropriate functional activity. Description of Funds The City reports the following major governmental funds: General Fund – 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. EDA Operating Fund – The EDA Operating Fund (special revenue fund) accounts for revenue sources, including tax increments and other sources, that are legally restricted or committed to expenditures for specified purposes (not including major capital projects). Equipment, Building, and Replacement Fund – The Equipment, Building, and Replacement Fund (capital project fund) was established for resources designated to be used for the purchase of capital equipment and building repairs. Permanent Improvement Revolving Fund – The Permanent Improvement Revolving Fund (capital project fund) accounts for the acquisition of capital assets or construction for major capital project s not being financed by proprietary funds. The City reports the following major proprietary funds: Water Fund – The Water Fund accounts for the water service charges, which are used to finance the water system operations. Sewer Fund – The Sewer Fund accounts for the sewer service charges, which are used to finance the sanitary sewer system operations. Surface Water Management Fund – The Surface Water Management Fund accounts for the surface water charges, which are used to finance the surface water system operations. -28- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) The City reports the following nonmajor proprietary fund: Recycling Fund – The Recycling Fund accounts for the recycling service charges, which are used to finance the City’s recycling operations. Additionally, the City reports the following fund type: Internal Service Fund – The Internal Service Fund accounts for the financing of goods or services provided by one department or agency to other departments or agencies of the City, or to other governments on a cost reimbursement basis. The City’s internal service funds account for risk management, engineering, central garage, and technology services. E. Budgets and Budgetary Accounting Budgets are legally adopted on a basis consistent with accounting principles generally accepted in the United States of America. Annual appropriated budgets are legally adopted for the General Fund and all special revenue funds. Budgeted expenditure appropriations lapse at year-end, but may be adopted in the subsequent year. 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 operating 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 passage of a resolution. The appropriated budget is prepared by fund, function, and department. The City’s department heads, with the approval of the city administrator, may make transfers of appropriations within a department. Transfers of appropriations between funds require the approval of the City Council . The legal level of budgetary control is the fund level. Budgeted amounts are as amended by the City Council. 4. The city administrator is authorized to transfer appropriations within any fund budget. Adjustments to appropriations between funds, and budget additions and deletions must be authorized by the City Council. 5. Formal budgetary integration is employed as a management control device during the year for the General Fund and special revenue funds. 6. Legal debt obligation indentures determine the appropriation level and debt service tax levies for the Debt Service Fund (if necessary). Supplementary budgets are adopted for the proprietary funds to determine and calculate user charges. These debt service and budget amounts represent general obligation bond indenture provisions and net income for operation and capital maintenance, and are not reflected in the financial statements. 7. A capital improvement program is reviewed annually by the City Council for the capital project funds. However, appropriations for major projects are not adopted until the actual bid award of the improvement. The appropriations are not reflected in the financial statements. For the year ended December 31, 2017, actual expenditures exceeded budgeted expenditures in the EDA TIF District No. 4 Fund by $45,580. This variance was financed by revenues in excess of budget and available fund balance. -29- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) F. Cash and Investments Cash and investments include balances that are combined and invested to the extent available in various securities as authorized by state law. Allocations of pooled investment earnings to the respective funds is based on participation by each fund. For purposes of the Statement of Cash Flows, the City considers all highly liquid debt instruments with an original maturity from the time of purchase by the City of three months or less to be cash equivalents. The proprietary funds’ portion in the government-wide cash and investment management pool is considered to be cash equivalent. The City generally reports investments at fair value. The Minnesota Municipal Money Market (4M) Fund is an external investment pool regulated by Minnesota Statutes that is not registered with the Securities and Exchange Commission (SEC), but follows the same regulatory rules of the SEC. The City’s investment in investment pools/mutual funds are presented at amortized cost. The City categorizes its fair value measurements within the fair value hierarchy established by accounting principles generally accepted in the United States of America. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; and Level 3 inputs are significant unobservable inputs. Debt securities classified in Level 2 of the fair value hierarchy are valued using a matrix pricing technique. Matrix pricing is used to value securities based on the securities’ relationship to benchmark quoted prices. See Note 2 for the City’s recurring fair value measurements as of year-end. G. Interfund 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 year-end are planned to be eliminated in the subsequent year. Long-term interfund loans are classified as “advances 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.” H. Receivables Property taxes and special assessments receivable have been reported net of estimated uncollectible accounts (see Note 1 I. and J.). 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. The only receivables not expected to be collected within one year are property taxes and special assessments receivable. -30- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) I. Property Taxes Property tax levies are set by the City Council in December of each year, and are certified to Ramsey County for collection in the following year. In Minnesota, counties act as collection agents for all property taxes. The county spreads the levies over all taxable property. Such taxes become a lien on January 1 and are recorded as receivables by the City on that date. Real property taxes may be paid by taxpayers in two equal installments on May 15 and October 15. Personal property taxes are due in full on May 15. The county provides tax settlements to cities and other taxi ng districts three times a year: in July, December, and January. Property taxes are recognized as revenue in the year levied in the government-wide financial statements and proprietary fund financial statements. In the governmental fund financial statements, taxes are recognized as revenue when received in cash or within 60 days after year-end. Taxes which remain unpaid on December 31 are classified as delinquent taxes receivable , and are offset by a deferred inflow of resources in the governmental fund financial statements. J. Special Assessments Special assessments primarily represent the financing for public improvements paid for by benefiting property owners. As previously mentioned under receivables, the City is also generally able to certify delinquent amounts to the county for collection as special assessments. Special assessments are recorded as receivables upon certification to the county. Special assessments are recognized as revenue in the year levied in the government-wide financial statements and proprietary fund financial statements. In the governmental fund financial statements, special assessments are recognized as revenue when received in cash or within 60 days after year-end. Governmental fund special assessments receivable which remain unpaid on December 31 are offset by a deferred inflow of resources in the governmental fund financi al statements. K. Inventories The original cost of materials and supplies has been recorded as expenses/expenditures at the time of purchase for both the governmental and proprietary funds with the exception of water meters in the Water Fund. These funds do not maintain material amounts of materials and supplies. The water meter inventory in the Water Fund is stated at the lower of cost or market on the first -in, first-out method. L. 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. Prepaid items are reported using the consumption method and recorded as expenses/expenditures at the time of consumption. M. 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. Such assets are capitalized at historical cost, or estimated historical cost for assets where actual historical cost is not available. Donated assets are recorded as capital assets at their estimated acquisition value on the date of donation. The City defines capital assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of one year. 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. -31- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) In the case of the initial capitalization of general infrastructure assets (i.e., those reported by governmental activities), the City chose to include items dating back to June 30, 1980. These assets are reported at historical cost. The City estimated historical cost for the initial reporting of these assets through back trending (estimating the current replacement cost and utilizing an appropriate price -level index to deflate the cost to the acquisition year). As the City constructs or acquires additional infrastructure assets each period, they will be capitalized and reported at historical cost. Capital assets are recorded in the government-wide and proprietary fund financial statements, but are not reported in the governmental fund financial statements. 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, 2017, no interest was capitalized in connection with construction in progress. Property, plant, and equipment of the City is depreciated using the straight-line method over the following estimated useful lives: Buildings and structures 7–40 years Infrastructure and improvements 15–50 years Distribution and collection systems 15–50 years Machinery and equipment 5–15 years Office furniture and equipment 5–10 years Vehicles 7–20 years Land and construction in progress are not depreciated. N. Compensated Absences It is the City’s policy to permit employees to accumulate earned, but unused annual leave and sick pay benefits called personal time off (PTO). All PTO is accrued when incurred in the government-wide and proprietary fund financial statements. PTO is payable when used or upon termination of employment. A liability for these amounts is reported in the governmental funds only if they have matured, for example, as a result of employee resignations and retirements. A liability is recognized for that portion of accumulated PTO benefits that is vested as severance pay. PTO is payable when used and, in some cases, upon termination of employment. For regular employees, PTO is payable upon retirement or involuntary termination up to the amount accrued, not to exceed 240 hours, who have served at least 12 consecutive months prior to separation, and have given the City at least two weeks’ notice prior to the effective date of such separation. The recorded portion of PTO (compensated absences) represents the estimated amount expected, based on previous years’ history and those eligible for retirement, to be paid at separation. O. Pensions For purposes of measuring the net pension liability, deferred outflows/inflows of resources, and pension expense, information about the fiduciary net position of the Public Employees Retirement Association (PERA) and additions to/deductions from the PERA’s fiduciary net position have been determined on the same basis as they are reported by the PERA, except that the PERA’s fiscal year-end is June 30. For this purpose, plan contributions are recognized as of employer payroll paid dates and benefit payments, and refunds are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. The PERA has a special funding situation created by a direct aid contribution made by the state of Minnesota. The direct aid is a result of the merger of the Minneapolis Employees Retirement Fund into the PERA on January 1, 2015. -32- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) P. Deferred Outflows/Inflows of Resources In addition to assets and liabilities, statements of financial position or balance sheets will sometimes report separate sections for deferred outflows or inflows of resources. These separate financial statement elements represent a consumption or acquisition of net position that applies to a future period and so will not be recognized as an outflow of resources (expense/expenditure) or an inflow of financial resources (revenue) until then. The City reports deferred outflows and inflows of resources related to pensions in the government -wide and enterprise funds Statement of Net Position. These deferred outflows and inflows result from differences between expected and actual experi ence, changes in proportion, changes of assumptions, differences between projected and actual earnings on pension plan investments, and contributions to the plan subsequent to the measurement date and before the end of the reporting period. These amounts a re deferred and amortized as required under pension standards. Unavailable revenue, arises only under the modified accrual basis of accounting and, therefore, is reported only in the governmental funds Balance Sheet. The governmental funds report unavailable revenue from two sources: property taxes and special assessments. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available. The City also reports deferred inflows of resources related to state aid entitlements received for subsequent years in the government-wide and governmental funds Balance Sheet. This item is deferred and recognized as an inflow of resources in the period that the resources are appropriated. Q. Net Position Classifications and Flow Assumptions In the government-wide and proprietary fund financial statements, net position represents the difference between assets, deferred outflows of resources, liabilities, and deferred inflows of resources. Net position is displayed in three components: • Investment in Capital Assets – Consists of capital assets, net of accumulated depreciation. • Restricted Net Position – Consists of net position restricted when there are limitations imposed on its use through external restrictions imposed by creditors, grantors, or laws or regulations of other governments. • Unrestricted Net Position – All other elements of net position that do not meet the definition of “restricted” or “investment in capital assets.” When both restricted and unrestricted resources are available for use, it is the City’s policy to use restricted resources first, then unrestricted resources as they are needed. -33- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) R. Fund Balance Classifications and Flow Assumptions In the fund financial statements, governmental funds report fund balance in classifications that disclose constraints for which amounts in those funds can be spent. These classifications are as follows: • Nonspendable – Consists of amounts that are not in spendable form, such as prepaid items, inventory, and other long-term assets. • Restricted – Consists of amounts related to externally imposed constraints established by creditors, grantors, or contributors; or constraints imposed by state statutory provisions. • Committed – Consists of internally imposed constraints that are established by resolution of the City Council. Those committed amounts cannot be used for any other purpose unless the City Council removes or changes the specified use by taking the same type of action it employed to previously commit those amounts. • Assigned – Consists of internally imposed constraints for amounts intended to be used by the City for specific purposes but do not meet the criteria to be classified as restricted or committed . In governmental funds, assigned amounts represent intended uses established by the governing body itself or by an official to which the governing body delegates the authority. Pursuant to City Council resolution, the director of finance and administrative services and/or the city administrator is authorized to establish assignments of fund balance. • Unassigned – The residual classification for the General Fund, which also reflects negative residual amounts in other funds. When both restricted and unrestricted resources are available for use, it is the City’s policy to first use restricted resources, then use unrestricted resources as they are needed. When committed, assigned, or unassigned resources are available for use, it is the City’s policy to use resources in the following order: 1) committed, 2) assigned, and 3) unassigned. S. Use of Estimates The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America, requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates. -34- NOTE 2 – DEPOSITS AND INVESTMENTS A. Components of Cash and Investments The City had the following cash and investments at year-end: Fair Value Measurements Less Than 1 to 5 6 to 10 Greater Than Investment Type Rating Agency Using 1 Year Years Years 10 Years Total Federal National Mortgage Association AA S&P Level 2 –$ –$ 99,742$ 248,270$ 348,012$ Federal Home Loan Bank AA S&P Level 2 – 368,272 – – 368,272 Municipal bonds AAA S&P Level 2 199,342 147,762 – – 347,104 Municipal bonds AA S&P Level 2 253,470 882,236 814,200 – 1,949,906 Municipal bonds AA Moody’s Level 2 – – 1,173,091 – 1,173,091 Municipal bonds A S&P Level 2 – 313,219 – – 313,219 Municipal bonds A Moody’s Level 2 150,377 – – – 150,377 Commercial paper A-1 S&P Level 3 100,600 – – – 100,600 Negotiable certificates of deposit N/R N/A Level 2 3,166,383 1,536,329 141,231 145,382 4,989,325 Investment pools/mutual funds External investment pool – 4M Fund N/R N/A N/A 1,402,382 – – – 1,402,382 Wells Fargo Money Market Advantage AAA S&P Level 1 51,181 – – – 51,181 Total investments 5,323,735$ 3,247,818$ 2,228,264$ 393,652$ 11,193,469 Deposits 167,687 Petty cash 500 Total cash and investments 11,361,656$ N/R – Not Rated N/A – Not Applicable Interest Risk – Maturity Duration in Years Credit Risk B. Deposits In accordance with applicable Minnesota Statutes, the City maintains deposits at depository banks authorized by the City Council, including checking accounts and certificates of deposit. The following is considered the most significant risk associated with deposits: Custodial Credit Risk – In the case of deposits, this is the risk that in the event of a failure, the City’s deposits may be lost. Minnesota Statutes require that all deposits be protected by federal deposit insurance, corpora te surety bond, or collateral. The market value of collateral pledged must equal 110 percent of the deposits not covered by federal deposit insurance or corporate surety bonds. Authorized collateral includes treasury bills, notes, and bonds; issues of U.S. government agencies; general obligations rated “A” or better; revenue obligations rated “AA” or better; irrevocable standard letters of credit issued by the Federal Home Loan Bank; and certificates of deposit. Minnesota Statutes require that securities pledged as collateral be held in safekeeping in a restricted account at the Federal Reserve Bank or in an account at a trust department of a commercial bank or other financial institution that is not owned or controlled by the financial institution furnishing the collateral. The City has no additional deposit policies addressing custodial credit risk. At year-end, the carrying amount of the City’s deposits and the bank balance was $167,687. The entire bank balance was covered by federal depository insurance, surety bonds, or by collateral held by the City’s agent in the City’s name. -35- NOTE 2 – DEPOSITS AND INVESTMENTS (CONTINUED) C. Investments Investments are subject to various risks, the following of which are considered the most significant: Custodial Credit Risk – For investments, this is the risk that in the event of a failure of the counterparty to an investment transaction (typically a broker -dealer), the City would not be able to recover the value of its investments or collateral securities that are in the poss ession of an outside party. The City’s investment policies do not further address this risk, but typically limits its exposure by purchasing insured or registered investments, or by the control of who holds the securities. Credit Risk – This is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. Minnesota Statutes limit the City’s investments to direct obligations or obligations guaranteed by the United States or its agencies; shares of investment companies regi stered under the Federal Investment Company Act of 1940 that receive the highest credit rating, are rated in one of the two highest rating categories by a statistical rating agency, and all of the investments have a final maturity of 13 months or less; general obligations rated “A” or better; revenue obligations rated “AA” or better; general obligations of the Minnesota Housing Finance Agency rated “A” or better; bankers’ acceptances of United States banks eligible for purchase by the Federal Reserve System; commercial paper issued by United States corporations or their Canadian subsidiaries, rated of the highest quality category by at least two nationally recognized rating agencies, and ma turing in 270 days or less; Guaranteed Investment Contracts guarantee d by a United States commercial bank, domestic branch of a foreign bank, or a United States insurance company, and with a credit quality in one of the top two highest categories; repurchase or reverse purchase agreements and securities lending agreements with financial institutions qualified as a “depository” by the government entity, with banks that are members of the Federal Reserve System with capitalization exceeding $10,000,000; that are a primary reporting dealer in U.S. government securities to the F ederal Reserve Bank of New York; or certain Minnesota securities broker -dealers. The City’s investment policies do not further address credit risk. Interest Rate Risk – This is the risk of potential variability in the fair value of fixed rate investments resulting from changes in interest rates (the longer the period for which an interest rate is fixed, the greater the risk). The City’s investment policies do not mandate a limit on the duration of investments. Concentration Risk – This is the risk associated with investing a significant portion of the City’s investment (considered 5 percent or more) in the securities of a single issuer, excluding United States guaranteed investments (such as treasuries), investment pools, and mutual funds . The City’s investment policies state that no more than 5 percent of the overall portfolio may be invested in the securities of a single issuer, except for the securities of the United States government, or a maximum of 25 percent with any individual counterparty in an external investment pool. At year-end, the City’s investments in the City of Minneapolis, Minnesota (municipal bonds) represented 5 percent, and in the City of Oshkosh, Wisconsin (municipal bonds) represented 5 percent. -36- NOTE 3 – CAPITAL ASSETS Capital asset activity for the year ended December 31, 2017 was as follows: A. Governmental Activities Beginning Completed Ending Balance Increases Decreases Construction Balance Primary government Governmental activities Capital assets, not being depreciated Land 2,679,818$ –$ –$ –$ 2,679,818$ Construction in progress 7,315,839 272,485 (2,577,050) (4,458,793) 552,481 Total capital assets, not being depreciated 9,995,657 272,485 (2,577,050) (4,458,793) 3,232,299 Capital assets, being depreciated Buildings and structures 6,447,692 258,270 – – 6,705,962 Infrastructure and improvements 13,461,178 – – 4,217,968 17,679,146 Machinery and equipment 852,295 137,259 (5,685) – 983,869 Office furniture and equipment 153,553 – – – 153,553 Vehicles 1,605,441 419,509 (35,659) – 1,989,291 Total capital assets, being depreciated 22,520,159 815,038 (41,344) 4,217,968 27,511,821 Less accumulated depreciation for Buildings and structures 2,933,165 177,811 – – 3,110,976 Infrastructure and improvements 3,112,030 324,649 – – 3,436,679 Machinery and equipment 643,608 44,988 (5,685) – 682,911 Office furniture and equipment 82,093 14,224 – – 96,317 Vehicles 566,199 136,320 (35,659) – 666,860 Total accumulated depreciation 7,337,095 697,992 (41,344) – 7,993,743 Total capital assets being depreciated – net 15,183,064 117,046 – 4,217,968 19,518,078 Governmental activities capital assets – net 25,178,721$ 389,531$ (2,577,050)$ (240,825)$ 22,750,377$ B. Business-Type Activities Beginning Completed Ending Balance Increases Decreases Construction Balance Primary government Business-type activities Capital assets, not being depreciated Construction in progress 2,075,734$ 193,093$ –$ (1,943,882)$ 324,945$ Capital assets, being depreciated Buildings and structures 835,040 – – – 835,040 Distribution and collection systems 21,044,650 40,581 – 2,184,707 23,269,938 Machinery and equipment 950,701 – – – 950,701 Office furniture and equipment 11,975 – – – 11,975 Vehicles 186,292 – (49,633) – 136,659 Total capital assets, being depreciated 23,028,658 40,581 (49,633) 2,184,707 25,204,313 Less accumulated depreciation for Buildings and structures 88,720 41,542 – – 130,262 Distribution and collection systems 7,660,536 435,455 – – 8,095,991 Machinery and equipment 850,488 11,883 – – 862,371 Office furniture and equipment 11,975 – – – 11,975 Vehicles 186,292 – (49,633) – 136,659 Total accumulated depreciation 8,798,011 488,880 (49,633) – 9,237,258 Total capital assets, being depreciated – net 14,230,647 (448,299) – 2,184,707 15,967,055 Business-type activities capital assets – net 16,306,381$ (255,206)$ –$ 240,825$ 16,292,000$ -37- NOTE 3 – CAPITAL ASSETS (CONTINUED) C. Depreciation Expense by Function Depreciation expense was charged to the following functions: Governmental activities General government 123,202$ Public safety 2,964 Public works 427,960 Parks and recreation 137,493 Economic development 6,373 697,992$ Business-type activities Water 238,736$ Sewer 164,833 Surface water management 85,311 488,880$ D. Construction Commitments At December 31, 2017, the City had the following construction project commitments: Project Amount Water Fund – Water Tower Rehabilitation 519,800$ Sewer Fund – Sewer Lining Project 197,398 717,198$ NOTE 4 – LONG-TERM LIABILITIES Long-term debt outstanding at year-end includes compensated absences payable and net pension liability, which are described elsewhere in these notes. For the governmental activities, compensated absences and the net pension liability are generally liquidated by the General Fund and special revenue funds. Long-term liability activity for the year ended December 31, 2017 was as follows: Beginning Ending Due Within Balance Additions Deletions Balance One Year Governmental activities Compensated absences payable 64,277$ 155,324$ 169,907$ 49,694$ 37,270$ Net pension liability 1,389,901 131,721 550,574 971,048 – Total governmental activities long-term liabilities 1,454,178$ 287,045$ 720,481$ 1,020,742$ 37,270$ Business-type activities Compensated absences payable 52,721$ 2,705$ 10,710$ 44,716$ 33,537$ Net pension liability 778,008 88,290 369,041 497,257 – Total business-type activities long-term liabilities 830,729$ 90,995$ 379,751$ 541,973$ 33,537$ -38- NOTE 5 – FUND BALANCES A. Classifications At December 31, 2017, a summary of the City’s governmental fund balance classifications are as follows: Equipment,Permanent Other EDA Building, and Improvement Governmental General Operating Replacement Revolving Funds Total Nonspendable Prepaid items 288,519$ 450$ –$ –$ 214$ 289,183$ Restricted for Tax increment purposes – – – – 616,829 616,829 Cable TV – – – – 281,910 281,910 Total restricted – – – – 898,739 898,739 Committed for Economic development authority – 302,608 – – 169,388 471,996 Assigned for Compensated absences 48,323 – – – – 48,323 Subsequent year’s budget 237,225 – – – – 237,225 Capital improvements – – – 6,080,457 – 6,080,457 Public safety capital equipment – – – – 57,936 57,936 Total assigned 285,548 – – 6,080,457 57,936 6,423,941 Unassigned 3,065,250 – (259,269) – (179,878) 2,626,103 Total 3,639,317$ 303,058$ (259,269)$ 6,080,457$ 946,399$ 10,709,962$ B. Minimum Unassigned Fund Balance Policy The City Council has formally adopted a fund balance policy regarding the minimum unassigned fund balance for the General Fund. The policy establishes the City will strive to maintain an unassigned General Fund balance of 50.0 percent of the subsequent year’s General Fund budgeted expenditures. At December 31, 2017, the unassigned fund balance of the General Fund was 64.4 percent of the subsequent year’s budgeted expenditures. NOTE 6 – DEFINED BENEFIT PENSION PLAN – STATE-WIDE A. Plan Description The City participates in the following cost-sharing, multiple-employer defined benefit pension plans administered by the PERA of Minnesota. The PERA’s defined benefit pension plans are established and administered in accordance with Minnesota Statutes, Chapters 353 and 356. The PERA’s defined benefit pension plans are tax qualified plans under Section 401(a) of the Internal Revenue Code. General Employees Retirement Fund (GERF) All full-time and certain part-time employees of the City are covered by the GERF. The GERF 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. The Basic Plan was closed to new members in 1967. All new members must participate in the Coordinated Plan. -39- NOTE 6 – DEFINED BENEFIT PENSION PLAN – STATE-WIDE (CONTINUED) B. Benefits Provided The PERA provides retirement, disability, and death benefits. Benefit provisions are established by state statutes and can only be modified by the State Legislature. Benefit increases are provided to benefit recipients each January. Increases are related to the funding ratio of the plan. Members in plans that are at least 90.0 percent funded for two consecutive years are given 2.5 percent increases. Members in plans that have not exceeded 90.0 percent funded, or have fallen below 80.0 percent, are given 1.0 percent increases. The benefit provisions stated in the following 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. GERF Benefits 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 the 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 percent of average salary for each of the first 10 years of service and 2.7 percent for each remaining year. The annuity accrual rate for a Coordinated Plan member is 1.2 percent of average salary for each of the first 10 years and 1.7 percent for each remaining year. Under Method 2, the annuity accrual rate is 2.7 percent of average salary for Basic Plan members and 1.7 percent for Coordinated Plan members for each year of service. For members hired prior to July 1, 1989, a full annuity is available when age plus years of service equal 90 and normal retirement age is 65. For members hired on or after July 1, 1989, normal retirement age is the age for unreduced Social Security benefits capped at age 66. C. Contributions Minnesota Statutes, Chapter 353 sets the rates for employer and employee contributions. Contribution rates can only be modified by the State Legislature. GERF Contributions Basic Plan members and Coordinated Plan members were required to contribute 9.10 percent and 6.50 percent, respectively, of their annual covered salary in calendar year 2017. The City was required to contribute 11.78 percent of pay for Basic Plan members and 7.50 percent for Coordinated Plan members in calendar year 2017. The City’s contributions to the GERF for the year ended December 31, 2017 were $106,513. The City’s contributions were equal to the required contributions as set by state statutes. -40- NOTE 6 – DEFINED BENEFIT PENSION PLAN – STATE-WIDE (CONTINUED) D. Pension Costs GERF Pension Costs At December 31, 2017, the City reported a liability of $1,468,305 for its proportionate share of the GERF’s net pension liability. The net pension liability was measured as of June 30, 2017, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of that date. The City’s proportion of the net pension lia bility was based on the City’s contributions received by the PERA during the measurement period for employer payroll paid dates from July 1, 2016 through June 30, 2017, relative to the total employer contributions received from all of the PERA’s participating employers. The City’s proportionate share was 0.0230 percent at the end of the measurement period and 0.0267 percent for the beginning of the period. The City’s net pension liability reflected a reduction due to the state of Minnesota’s contribution o f $6 million to the fund. The state of Minnesota is considered a nonemployer contributing entity and the state’s contribution meets the definition of a special funding situation. The amount recognized by the City as its proportionate share of the net pensi on liability, the direct aid, and total portion of the net pension liability that was associated with the City were as follows: City’s proportionate share of net pension liability 1,468,305$ State’s proportionate share of the net pension liability associated with the City 18,435$ For the year ended December 31, 2017, the City recognized pension expense of $109,723 for its proportionate share of the GERF’s pension expense. In addition, the Cit y recognized an additional $533 as pension expense (and grant revenue) for its proportionate share of the state of Minnesota’s contribution of $6 million to the GERF. At December 31, 2017, the City reported its proportionate share of the GERF’s deferred o utflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Deferred Outflows Inflows of Resources of Resources Differences between expected and actual economic experience 48,391$ 111,049$ Changes in actuarial assumptions 282,985 147,198 Difference between projected and actual investment earnings 55,039 – Changes in proportion – 309,054 Contributions paid to the PERA subsequent to the measurement date 54,523 – Total 440,938$ 567,301$ -41- NOTE 6 – DEFINED BENEFIT PENSION PLAN – STATE-WIDE (CONTINUED) Deferred outflows of resources reported $54,523 related to pensions resulting from city contributions subsequent to the measurement date that will be recognized as a reduction of the net pension liability in the year ending December 31, 2018. Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Pension Year Ending Expense December 31,Amount 2018 (46,712)$ 2019 20,213$ 2020 (92,059)$ 2021 (62,328)$ E. Actuarial Assumptions The total pension liability in the June 30, 2017 actuarial valuation was determined using the following actuarial assumptions: Inflation 2.50% per year Active member payroll growth 3.25% per year Investment rate of return 7.50% Salary increases were based on a service-related table. Mortality rates for active members, retirees, survivors, and disabilitants were based on RP-2014 tables for all plans for males or females, as appropriate, with slight adjustments to fit the PERA’s experience. Cost of living benefit increases for retirees are assumed to be 1.0 percent per year for the GERF through 2044, and then 2.5 percent thereafter. Actuarial assumptions used in the June 30, 2017 valuation were based on the results of actuarial experience studies. The most recent four-year experience study in the GERF was completed in 2015. The following changes in actuarial assumptions occurred in 2017: GERF • The Combined Service Annuity (CSA) loads were changed from 0.8 percent for active members and 60.0 percent for vested and nonvested deferred members. The revised CSA loads are now zero percent for active member liability, 15.0 percent for vested deferred member liability, and 3.0 percent for nonvested deferred member liability. • The assumed post-retirement benefit increase rate was changed from 1.0 percent per year for all years, to 1.0 percent per year through 2044, and 2.5 percent per year thereafter. -42- NOTE 6 – DEFINED BENEFIT PENSION PLAN – STATE-WIDE (CONTINUED) The State Board of Investment, which manages the investments of the PERA, prepares an analysis of the reasonableness of the long-term expected rate of return on a regular basis using a building-block method in which best-estimate ranges of expected future rates of return are developed for each major asset class. These ranges are combined to produce an expected long-term rate of return by weighting the expected future rates of return by the target asset allocation percentages. The target allocation and best estimates of geometric real rates of return for each major asset class are summarized in the following table: Asset Class Domestic stocks 39 % 5.10 % International stocks 19 5.30 % Bonds 20 0.75 % Alternative assets 20 5.90 % Cash 2 – % Total 100 % Allocation Target Real Rate of Return Long-Term Expected F. Discount Rate The discount rate used to measure the total pension liability in 2017 was 7.50 percent. The projection of cash flows used to determine the discount rate assumed that contributions from plan members and employers will be made at rates set in Minnesota Statutes. Based on these assumptions, the fiduciary net position of the GERF was projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. G. Pension Liability Sensitivity The following presents the City’s proportionate share of the net pension liability for all plans it participates in, calculated using the discount rate disclosed in the preceding paragraph, as well as what the City’s proportionate share of the net pension liability would be if it were calculated using a discount rate 1 percentage point lower or 1 percentage point higher than the current discount rate: 1% Decrease in 1% Increase in Discount Rate Discount Rate Discount Rate 6.50%7.50%8.50% The City’s proportionate share of the GERF net pension liability 2,277,450$ 1,468,305$ 805,873$ H. Pension Plan Fiduciary Net Position Detailed information about the GERF’s fiduciary net position is available in a separately issued PERA financial report. That report may be obtained on the PERA website at www.mnpera.org; by writing to the PERA at 60 Empire Drive, Suite 200, St. Paul, Minnesota 55103; or by calling (651) 296 -7460 or (800) 652-9026. -43- NOTE 7 – INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS A. Interfund Receivable and Payable Interfund receivable and payable balances at December 31, 2017 are as follows: Fund Receivable Payable Governmental funds Permanent Improvement Revolving 747,009$ –$ Equipment, Building, and Replacement – 259,269 Nonmajor – other governmental – 179,878 Intra-activity eliminations (439,147) (439,147) Total governmental funds 307,862 – Proprietary funds Enterprise funds Sewer – 291,870 Internal service funds – 15,992 Total proprietary funds – 307,862 Total all funds 307,862$ 307,862$ Interfund receivables and payables are used for temporary cash deficits. These balances will be eliminated with park dedication fees, other reimbursements, future charges for services, grants, and other internal fund transfers if needed. B. Transfers In and Transfers Out Equipment,Permanent EDA Building, and Improvement Transfers Out Operating Replacement Revolving Total Governmental funds General Fund 90,000$ 50,000$ 200,000$ 340,000$ Proprietary funds Water – 68,396 67,000 135,396 Sewer – 96,870 42,000 138,870 Surface Water Management – 65,499 131,825 197,324 Total 90,000$ 280,765$ 440,825$ 811,590$ Transfers In Governmental Funds Interfund transfers allow the City to allocate financial resources to the funds that receive benefit s from services provided by another fund. All of the City’s interfund transfers fall under that category. All of the 2017 transfers are considered routine and consistent with previous practices. -44- NOTE 8 – DEFICIT FUND BALANCES/NET POSITION The City had deficit fund balances/net position at December 31, 2017 as follows: Amount Governmental funds Equipment, Building, and Replacement 259,269$ Nonmajor – Parks 29,516 Nonmajor – TCAAP 150,362 Proprietary funds Internal service funds – Engineering 7,020 Internal service funds – Central Garage 26,797 Internal service funds – Technology 31,790 504,754$ These fund deficits will be eliminated with future contributions, grants, and internal fund transfers, if needed. NOTE 9 – TAX ABATEMENT AGREEMENTS The City, in order to spur economic development and redevelopment will enter into private development and redevelopment agreements to encourage a developer to construct, expand, or improve new or existing properties and buildings or clean-up and redevelop blighted areas. These agreements may in substance be a tax abatement, but will depend on their individual circumstances. The City currently has two agreements that would be considered a tax abatement under GASB Statement No. 77. In 2013, the City entered into a development agreement with Presbyterian Homes of Arden Hills, Inc. to aid in financing certain public development costs and administrative costs of a project undertaken. For this agreement, the City used an economic development vehicle known as tax increment financing whereby tax increment revenue is generated on the incremental increase in value above a base value established on the date that the tax increment district is created. The City will abate 90 percent of the incremental taxes received through February 2019, and 75 percent of the incremental taxes received through February 2028, through execution of a tax increment revenue note to be retired in 2028. The outstanding principal balance as of December 31, 2017, was $865,947 and the City rebated $183,598 in the current year. In 2016, the City entered into an abatement agreement with Land O’Lakes, Inc. The City did not have any collections or rebate of property tax increment in the current year. -45- NOTE 9 – TAX ABATEMENT AGREEMENTS (CONTINUED) The City is authorized to create a tax increment financing plan under Minnesota Statutes, Chapter 469.175. The criteria that must be met under the statute are that, in the opinion of the municipality: • The proposed development or redevelopment would not reasonably be expected to occur solely through private investment within the reasonably foreseeable future; • The increased market value of the site that could reasonably be expected to occur without the use of tax increment financing would be less than the increase in the market value estimated to result from the proposed development after subtracting the present value of the projected ta x increments for the maximum duration of the district permitted by the plan. The requirements of this item do not apply if the district is a housing district; • The tax increment financing plan conforms to the general plan for the development or redevelopment of the municipality as a whole; and • The tax increment financing plan will afford maximum opportunity, consistent with the sound needs of the municipality as a whole, for the development or redevelopment of the project by private enterprise. NOTE 10 – COMMITMENTS AND 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 for which the City carrie s insurance. The City obtains insurance through participation in the League of Minnesota Cities Insurance Trust (LMCIT), which is a risk-sharing pool with other governmental units. The City pays an annual premium to the LMCIT for its workers’ compensation and property and casualty insurance. The LMCIT is self-sustaining through member premiums and will reinsure for claims above a prescribed dollar amount for each insurance event. There were no significant reductions in insurance from the previous year or settled claims in excess of insurance coverage for any of the past three fiscal years. Liabilities are reported when it is probable that a loss has occurred and the amount of the loss can be reasonably estimated. Liabilities, if any, include an amount for claims that have been incurred, but not reported. The City’s management is not aware of any incurred, but unreported claims. 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. No loss has been recorded on the City’s financial statements relating to these claims. -46- NOTE 10 – COMMITMENTS AND CONTINGENCIES (CONTINUED) C. Federal and State Funds Amounts recorded or receivable from federal and state agencies are subject to agency audit and adjustment. Any disallowed claims, including amounts already collected, may constitute a liability of the applicable funds. The amount, if any, of claims which may be disallowed by the grantor agencies cannot be determined at this time, although the City expects such amounts, if any, to be immaterial. D. Tax Increment Districts The City’s tax increment districts are subject to review by the Minnesota Office of the State Auditor . 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 noncomplia nce which would have a material effect on the financial statements. E. Lake Johanna Volunteer Fire Department, Inc. The City receives fire protection under a contract with the Lake Johanna Volunteer Fire Department, Inc . The current contract calls for annual payments and expires December 31, 2018. The contract cost will be based on the budget submitted by the fire department and approved by the City. Capital costs are billed separately in addition to the contract rate. The amount expended under the contract was $514,468 in 2017. NOTE 11 – CONDUIT DEBT OBLIGATION The City has issued private activity bonds to provide financial assistance to private sector entities for the acquisition and construction of industrial and commercial facilities deemed to be in th e public interest. The bonds constitute special obligations of the City, payable solely from revenues of the projects pledged to the payment thereof. The bonds do not constitute a debt of the City and the City has no obligation for repayment. Accordingly, the bonds are not reported as liabilities in the City’s financial statements. Bonds outstanding at December 31, 2017 could not be determined; however, their original issue amounts are as follows: Amount Bond Description Issued Commercial Facilities Revenue Note, Series 2008 Office facilities 5,500,000$ Senior Housing Revenue Note, Series 2011A Senior housing 10,000,000 Senior Housing Revenue Note, Series 2012A Senior housing 10,000,000 Senior Housing Revenue Note, Series 2015A Senior housing 10,000,000 Total 35,500,000$ NOTE 12 – SUBSEQUENT EVENT In May 2018, the City authorized the sale of $2,680,000 General Obligation Utility Revenue Bonds, Series 2018A. REQUIRED SUPPLEMENTARY INFORMATION TAB Proportionate Share of the City’s Net Pension Proportionate Liability and City’s Share of the the City’s Proportionate Plan Fiduciary State of Share of the Share of the Net Position City’s City’s Minnesota’s State of Net Pension as a PERA Fiscal Proportion Proportionate Proportionate Minnesota’s Liability as a Percentage Year-End Date of the Net Share of the Share of the Share of the City’s Percentage of of the Total (Measurement Pension Net Pension Net Pension Net Pension Covered Covered Pension Date)Liability Liability Liability Liability Payroll Payroll Liability 06/30/2015 0.0283% 1,466,653$ –$ 1,466,653$ 1,662,826$ 88.20%78.20% 06/30/2016 0.0267% 2,167,909$ 28,367$ 2,196,276$ 1,669,147$ 129.88%68.90% 06/30/2017 0.0230% 1,468,305$ 18,435$ 1,486,740$ 1,479,483$ 99.24%75.90% Contributions Contributions in Relation to as a Statutorily the Statutorily Contribution Percentage Required Required Deficiency Covered of Covered Contributions Contributions (Excess)Payroll Payroll 129,774$ 129,774$ –$ 1,731,651$ 7.49% 115,814$ 115,814$ –$ 1,553,950$ 7.45% 106,513$ 106,513$ –$ 1,420,174$ 7.50% Note: CITY OF ARDEN HILLS PERA – General Employees Retirement Fund Schedule of City’s and Nonemployer Proportionate Share of Net Pension Liability PERA – General Employees Retirement Fund Schedule of City Contributions Year-End Date City Fiscal 12/31/2016 12/31/2015 Year Ended December 31, 2017 12/31/2017 Year Ended December 31, 2017 12/31/2017 The City implemented GASB Statement No.68 in fiscal 2015 (using a June 30,2015 measurement date).This schedule is intended to present 10-year trend information. Additional years will be added as they become available. Year-End Date City Fiscal 12/31/2016 12/31/2015 -47- THIS PAGE INTENTIONALLY LEFT BLANK Actual Variance With Original Budget Final Budget Amounts Final Budget Revenues General property taxes 3,671,390$ 3,671,390$ 3,541,705$ (129,685)$ Special assessments 3,000 3,000 1,265 (1,735) Licenses and permits Business 55,150 55,150 60,071 4,921 Nonbusiness 292,180 292,180 669,126 376,946 Total licenses and permits 347,330 347,330 729,197 381,867 Intergovernmental State Road maintenance 88,000 88,000 88,042 42 PERA aid 5,179 5,179 5,179 – Police aid 52,609 52,609 58,204 5,595 Total intergovernmental 145,788 145,788 151,425 5,637 Charges for services General government 18,800 18,800 18,764 (36) Public safety 92,000 92,000 254,463 162,463 Parks and recreation 120,530 120,530 123,550 3,020 Administrative charges 191,535 191,535 193,364 1,829 Total charges for services 422,865 422,865 590,141 167,276 Fines and forfeits 36,500 36,500 29,989 (6,511) Earnings on investments 65,000 65,000 36,012 (28,988) Antenna rental fees 150,000 150,000 128,765 (21,235) Miscellaneous reimbursements 10,274 10,274 18,374 8,100 Other 8,150 8,150 4,267 (3,883) Total revenues 4,860,297 4,860,297 5,231,140 370,843 Expenditures Current General government City Council Personal services 31,211 31,211 31,165 46 Other services and charges 35,197 35,197 25,349 9,848 Total City Council 66,408 66,408 56,514 9,894 Elections Other services and charges 23,000 23,000 21,137 1,863 Administration Personal services 197,567 197,567 83,422 114,145 Materials and supplies – – 448 (448) Other services and charges 110,348 110,348 176,434 (66,086) Total administration 307,915 307,915 260,304 47,611 CITY OF ARDEN HILLS Required Supplementary Information Budgetary Comparison Schedule – General Fund Year Ended December 31, 2017 -48-(continued) Actual Variance With Original Budget Final Budget Amounts Final Budget Expenditures (continued) Current (continued) General government (continued) Finance Personal services 68,176 68,176 66,311 1,865 Materials and supplies 24,100 24,100 19,000 5,100 Other services and charges 93,400 93,400 107,350 (13,950) Total finance 185,676 185,676 192,661 (6,985) TCAAP Personal services 120,653 120,653 43,725 76,928 Materials and supplies 1,000 1,000 – 1,000 Other services and charges 65,500 65,500 55,156 10,344 Total TCAAP 187,153 187,153 98,881 88,272 Planning and zoning Personal services 174,535 174,535 40,044 134,491 Materials and supplies 200 200 – 200 Other services and charges 152,600 152,600 157,932 (5,332) Total planning and zoning 327,335 327,335 197,976 129,359 General government buildings Personal services 39,140 39,140 42,719 (3,579) Materials and supplies 7,000 7,000 4,426 2,574 Other services and charges 195,717 195,717 201,734 (6,017) Total general government buildings 241,857 241,857 248,879 (7,022) Total general government 1,339,344 1,339,344 1,076,352 262,992 Public safety Police and animal control Other services and charges 1,179,773 1,179,773 1,177,494 2,279 Dispatch Other services and charges 68,832 68,832 68,832 – Fire protection Other services and charges 514,468 514,468 514,468 – Emergency management Personal services 2,879 2,879 30 2,849 Other services and charges 10,850 10,850 3,336 7,514 Total emergency management 13,729 13,729 3,366 10,363 CITY OF ARDEN HILLS Required Supplementary Information Budgetary Comparison Schedule – General Fund (continued) Year Ended December 31, 2017 -49-(continued) Actual Variance With Original Budget Final Budget Amounts Final Budget Expenditures (continued) Current (continued) Public safety (continued) Protective inspections Personal services 261,992 261,992 218,542 43,450 Materials and supplies 3,046 3,046 171 2,875 Other services and charges 58,540 58,540 75,164 (16,624) Total protective inspections 323,578 323,578 293,877 29,701 Total public safety 2,100,380 2,100,380 2,058,037 42,343 Public works Street maintenance Personal services 207,085 207,085 171,591 35,494 Materials and supplies 72,625 72,625 47,424 25,201 Other services and charges 259,039 259,039 224,618 34,421 Total public works 538,749 538,749 443,633 95,116 Parks and recreation Park maintenance Personal services 215,361 215,361 183,905 31,456 Materials and supplies 36,000 36,000 26,384 9,616 Other services and charges 189,950 189,950 157,427 32,523 Total park maintenance 441,311 441,311 367,716 73,595 Recreation Personal services 225,202 225,202 163,331 61,871 Materials and supplies 16,275 16,275 19,223 (2,948) Other services and charges 54,991 54,991 68,344 (13,353) Total recreation 296,468 296,468 250,898 45,570 Total parks and recreation 737,779 737,779 618,614 119,165 Total expenditures 4,716,252 4,716,252 4,196,636 519,616 Revenues over expenditures 144,045 144,045 1,034,504 890,459 Other financing sources (uses) Transfers out (340,000) (340,000) (340,000) – Net change in fund balance (195,955)$ (195,955)$ 694,504 890,459$ Fund balance – beginning 2,944,813 Fund balance – ending 3,639,317$ Budgetary Comparison Schedule – General Fund (continued) Year Ended December 31, 2017 CITY OF ARDEN HILLS Required Supplementary Information -50- Actual Variance With Original Budget Final Budget Amounts Final Budget Revenues Taxes – tax increments –$ –$ 4,729$ 4,729$ Earnings on investments 5,600 5,600 4,580 (1,020) Total revenues 5,600 5,600 9,309 3,709 Expenditures Economic development Current Personal services 72,301 72,301 33,610 38,691 Materials and supplies 650 650 290 360 Other services and charges 61,248 61,248 44,351 16,897 Capital outlay 45,000 45,000 1,647 43,353 Total expenditures 179,199 179,199 79,898 99,301 Revenues over (under) expenditures (173,599) (173,599) (70,589) 103,010 Other financing sources Transfers in 90,000 90,000 90,000 – Net change in fund balances (83,599)$ (83,599)$ 19,411 103,010$ Fund balance – beginning 283,647 Fund balance – ending 303,058$ CITY OF ARDEN HILLS Required Supplementary Information Budgetary Comparison Schedule – EDA Operating Fund Year Ended December 31, 2017 -51- CITY OF ARDEN HILLS Notes to Required Supplementary Information December 31, 2017 -52- NOTE 1 – LEGAL COMPLIANCE – BUDGETS The General Fund and EDA Operating Fund budgets are 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 fund level for these funds. Budgeted appropriations lapse at year -end. NOTE 2 – PERA – GENERAL EMPLOYEES RETIREMENT FUND 2017 CHANGES CHANGES IN ACTUARIAL ASSUMPTIONS: • The Combined Service Annuity (CSA) loads were changed from 0.8 percent for active members and 60 percent for vested and nonvested deferred members. The revised CSA loads are now zero percent for active member liability, 15.0 percent for vested deferred member lia bility, and 3.0 percent for nonvested deferred member liability. • The assumed post-retirement benefit increase rate was changed from 1.0 percent per year for all years, to 1.0 percent per year through 2044, and 2.5 percent per year thereafter. 2016 CHANGES CHANGES IN ACTUARIAL ASSUMPTIONS: • The assumed post-retirement benefit increase rate was changed from 1.0 percent per year through 2035, and 2.5 percent per year thereafter, to 1.0 percent per year for all years. • The assumed investment return was changed from 7.9 percent to 7.5 percent. The single discount rate was changed from 7.9 percent to 7.5 percent. • Other assumptions were changed pursuant to the experience study dated June 30, 2015. The assumed future salary increases, payroll growth, and inflation were decreased by 0.25 percent to 3.25 percent for payroll growth, and 2.50 percent for inflation. CITY OF ARDEN HILLS Notes to Required Supplementary Information (continued) December 31, 2017 -53- NOTE 2 – PERA – GENERAL EMPLOYEES RETIREMENT FUND (CONTINUED) 2015 CHANGES CHANGES IN PLAN PROVISIONS: • On January 1, 2015, the Minneapolis Employees Retirement Fund was merged into the General Employees Retirement Fund, which increased the total pension liability by $1.1 billion and increased the fiduciary plan net position by $892 million. Upon consolidation, state and employer contributions were revised. CHANGES IN ACTUARIAL ASSUMPTIONS: • The assumed post-retirement benefit increase rate was changed from 1.0 percent per year through 2030, and 2.5 percent per year thereafter, to 1.0 percent per year through 2035, and 2.5 percent per year thereafter. SUPPLEMENTAL INFORMATION TAB NONMAJOR GOVERNMENTAL FUNDS Special Revenue Funds – Special revenue funds are used to account for revenues derived from specific taxes or other earmarked revenue sources. They are usually required by statute, local ordinance, and/or resolution to finance particular functions, activities, or governments. Capital Project Funds – Capital project funds account for financial resources to be used for the acquisition or construction of major capital facilities (other than those financed by proprietary funds). Total Nonmajor Governmental Special Revenue Capital Project Funds Assets Cash and investments 1,131,593$ 61,217$ 1,192,810$ Accrued interest receivable 5,420 290 5,710 Accounts receivable 26,846 522 27,368 Prepaid items 214 – 214 Total assets 1,164,073$ 62,029$ 1,226,102$ Liabilities Accounts payable 94,764$ 4,093$ 98,857$ Salaries payable 968 – 968 Interfund payable – 179,878 179,878 Total liabilities 95,732 183,971 279,703 Fund balances (deficits) Nonspendable 214 – 214 Restricted 898,739 – 898,739 Committed 169,388 – 169,388 Assigned – 57,936 57,936 Unassigned – (179,878) (179,878) Total fund balances (deficits)1,068,341 (121,942) 946,399 Total liabilities and fund balances 1,164,073$ 62,029$ 1,226,102$ CITY OF ARDEN HILLS Nonmajor Governmental Funds Combining Balance Sheet as of December 31, 2017 -54- Total Nonmajor Governmental Special Revenue Capital Project Funds Revenues Taxes Tax increments 291,059$ –$ 291,059$ Earnings on investments 14,336 3,054 17,390 Franchise taxes 109,070 – 109,070 Other – 28,038 28,038 Total revenues 414,465 31,092 445,557 Expenditures Current General government 113,148 – 113,148 Economic development 186,654 – 186,654 Capital outlay Public safety – 100,215 100,215 Economic development – 5,873 5,873 Total expenditures 299,802 106,088 405,890 Net change in fund balances 114,663 (74,996) 39,667 Fund balances (deficits) – beginning 953,678 (46,946) 906,732 Fund balances (deficits) – ending 1,068,341$ (121,942)$ 946,399$ CITY OF ARDEN HILLS Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Year Ended December 31, 2017 -55- THIS PAGE INTENTIONALLY LEFT BLANK NONMAJOR SPECIAL REVENUE FUNDS The City had the following nonmajor special revenue funds during the year: Cable Fund – This fund was established to account for transactions associated with cable television in the City. Revenues are franchise fees from Comcast. Expenditures include the operation of the North Suburban Cable Commission and other costs relating to cable television activity, internet, and other forms of communication. EDA Revolving Fund – This fund was established to help businesses develop and grow with the expectation to pay back the City. Once the funds are replaced, those funds are available to be loaned out to another business. EDA TIF District No. 3 Fund – This fund was established as a Housing District in 1993. The revenue is derived from tax increment and expenditures are for developer reimbursements and administrative expenses. EDA TIF District No. 4 Fund – This fund was established as a redevelopment plan for Presbyterian Homes of Arden Hills, Inc. in 2010. The revenue is derived from tax increment and expenditures are for developer reimbursements and administrative expenses. Total EDA EDA Nonmajor TIF TIF Special EDA District District Revenue Cable Revolving No. 3 No. 4 Funds Assets Cash and investments 257,606$ 168,588$ 561,805$ 143,594$ 1,131,593$ Accrued interest receivable 1,274 800 2,665 681 5,420 Accounts receivable 26,846 – – – 26,846 Prepaid items 214 – – – 214 Total assets 285,940$ 169,388$ 564,470$ 144,275$ 1,164,073$ Liabilities Accounts payable 2,848$ –$ 58$ 91,858$ 94,764$ Salaries payable 968 – – – 968 Total liabilities 3,816 – 58 91,858 95,732 Fund balances Nonspendable 214 – – – 214 Restricted 281,910 – 564,412 52,417 898,739 Committed – 169,388 – – 169,388 Total fund balances 282,124 169,388 564,412 52,417 1,068,341 Total liabilities and fund balances 285,940$ 169,388$ 564,470$ 144,275$ 1,164,073$ CITY OF ARDEN HILLS Nonmajor Special Revenue Funds Subcombining Balance Sheet as of December 31, 2017 -56- Total EDA EDA Nonmajor TIF TIF Special EDA District District Revenue Cable Revolving No. 3 No. 4 Funds Revenues Taxes Tax increments –$ –$ 87,062$ 203,997$ 291,059$ Earnings on investments 4,436 2,602 7,024 274 14,336 Franchise taxes 109,070 – – – 109,070 Total revenues 113,506 2,602 94,086 204,271 414,465 Expenditures Current General government 113,148 – – – 113,148 Economic development – – 1,549 185,105 186,654 Total expenditures 113,148 – 1,549 185,105 299,802 Net changes in fund balances 358 2,602 92,537 19,166 114,663 Fund balances – beginning 281,766 166,786 471,875 33,251 953,678 Fund balances – ending 282,124$ 169,388$ 564,412$ 52,417$ 1,068,341$ CITY OF ARDEN HILLS Nonmajor Special Revenue Funds Subcombining Statement of Revenues, Expenditures, and Changes in Fund Balances Year Ended December 31, 2017 -57- THIS PAGE INTENTIONALLY LEFT BLANK NONMAJOR CAPITAL PROJECT FUNDS The City had the following nonmajor capital project funds during the year: Parks Fund – This fund was established for park/trail acquisition and development. Revenue for this fund comes from developer park dedication fees, contributions, state grants, and investment interest. Public Safety Capital Equipment Fund – This fund was established to account for resources designated to be used for the City’s share of public safety equipment through contracts with the Lake Johanna Volunteer Fire Department, Inc. and Ramsey County Sheriff’s Department. TCAAP Fund – This fund was established to account for resources designated to be used for the City’s share of capital costs related to the approximately 430-acre TCAAP site purchased by Ramsey County. Total Public Safety Nonmajor Capital Capital Parks Equipment TCAAP Project Funds Assets Cash and investments –$ 61,217$ –$ 61,217$ Accrued interest receivable – 290 – 290 Accounts receivable – 522 – 522 Total assets –$ 62,029$ –$ 62,029$ Liabilities Accounts payable –$ 4,093$ –$ 4,093$ Interfund payable 29,516 – 150,362 179,878 Total liabilities 29,516 4,093 150,362 183,971 Fund balances (deficits) Assigned – 57,936 – 57,936 Unassigned (29,516) – (150,362) (179,878) Total fund balances (deficits)(29,516) 57,936 (150,362) (121,942) Total liabilities and fund balances –$ 62,029$ –$ 62,029$ CITY OF ARDEN HILLS Nonmajor Capital Project Funds Subcombining Balance Sheet as of December 31, 2017 -58- Total Public Safety Nonmajor Capital Capital Parks Equipment TCAAP Project Funds Revenues Earnings on investments –$ 3,054$ –$ 3,054$ Other 6,500 21,538 – 28,038 Total revenues 6,500 24,592 – 31,092 Expenditures Capital outlay Public safety – 100,215 – 100,215 Economic development – – 5,873 5,873 Total expenditures – 100,215 5,873 106,088 Net changes in fund balances 6,500 (75,623) (5,873) (74,996) Fund balances (deficits) – beginning (36,016) 133,559 (144,489) (46,946) Fund balances (deficits) – ending (29,516)$ 57,936$ (150,362)$ (121,942)$ CITY OF ARDEN HILLS Nonmajor Capital Project Funds Subcombining Statement of Revenues, Expenditures, and Changes in Fund Balances Year Ended December 31, 2017 -59- Variance With Original Budget Final Budget Actual Amounts Final Budget Revenues Earnings on investments 6,000$ 6,000$ 4,436$ (1,564)$ Franchise taxes 94,000 94,000 109,070 15,070 Total revenues 100,000 100,000 113,506 13,506 Expenditures Current General government Personal services 50,410 50,410 47,964 2,446 Other services and charges 98,948 98,948 65,184 33,764 Capital outlay General government 2,000 2,000 – 2,000 Total expenditures 151,358 151,358 113,148 38,210 Net change in fund balances (51,358)$ (51,358)$ 358 51,716$ Fund balances – beginning 281,766 Fund balances – ending 282,124$ CITY OF ARDEN HILLS Special Revenue Fund – Cable Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual Year Ended December 31, 2017 -60- Variance With Original Budget Final Budget Actual Amounts Final Budget Revenues Earnings on investments 3,000$ 3,000$ 2,602$ (398)$ Net change in fund balances 3,000$ 3,000$ 2,602 (398)$ Fund balances – beginning 166,786 Fund balances – ending 169,388$ CITY OF ARDEN HILLS Special Revenue Fund – EDA Revolving Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual Year Ended December 31, 2017 -61- Variance With Original Budget Final Budget Actual Amounts Final Budget Revenues Taxes Tax increments 65,000$ 65,000$ 87,062$ 22,062$ Earnings on investments 7,000 7,000 7,024 24 Total revenues 72,000 72,000 94,086 22,086 Expenditures Current Economic development Other services and charges 4,725 4,725 1,549 3,176 Net change in fund balances 67,275$ 67,275$ 92,537 25,262$ Fund balances – beginning 471,875 Fund balances – ending 564,412$ CITY OF ARDEN HILLS Special Revenue Fund – EDA TIF District No. 3 Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual Year Ended December 31, 2017 -62- Variance With Original Budget Final Budget Actual Amounts Final Budget Revenues Taxes Tax increments 150,000$ 150,000$ 203,997$ 53,997$ Earnings (charges) on investments 650 650 274 (376) Total revenues 150,650 150,650 204,271 53,621 Expenditures Current Economic development Other services and charges 139,525 139,525 185,105 (45,580) Net change in fund balances 11,125$ 11,125$ 19,166 8,041$ Fund balances – beginning 33,251 Fund balances – ending 52,417$ CITY OF ARDEN HILLS Special Revenue Fund – EDA TIF District No. 4 Fund Schedule of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual Year Ended December 31, 2017 -63- THIS PAGE INTENTIONALLY LEFT BLANK INTERNAL SERVICE FUNDS The City had the following internal service funds during the year: Risk Management Fund – This fund was established to account for the payment of property, liability, and workers’ compensation insurance deductibles and funds wellness activities for all departments. Engineering Fund – This fund was established to account for the costs related to engineering services. All costs are compiled in this fund and charged out to the departments based on usage. Central Garage Fund – This fund was established to account for certain public works department costs related to streets, parks, water, sanitary sewer, and surface water management . All costs are compiled in this fund and charged out to the departments based on usage. Technology Fund – This fund was established to account for costs related to technology. All costs are compiled in this fund and charged out to the departments based on usage. Total Risk Central Internal Management Engineering Garage Technology Service Funds Assets Current assets Cash and investments 397,865$ 6,761$ 16,834$ –$ 421,460$ Accrued interest receivable 1,445 58 93 – 1,596 Prepaid items – – 23 – 23 Total assets 399,310 6,819 16,950 – 423,079 Liabilities Current liabilities Accounts payable – 13,559 13,580 8,753 35,892 Salaries payable 190 117 199 101 607 Interfund payable – – – 15,992 15,992 Due to other governmental units – – 29,555 6,593 36,148 Compensated absences payable 333 122 310 263 1,028 Total current liabilities 523 13,798 43,644 31,702 89,667 Noncurrent liabilities Compensated absences payable (net of current portion)111 41 103 88 343 Total liabilities 634 13,839 43,747 31,790 90,010 Net position Unrestricted 398,676$ (7,020)$ (26,797)$ (31,790)$ 333,069$ CITY OF ARDEN HILLS Combining Statement of Net Position Internal Service Funds as of December 31, 2017 -64- Total Risk Central Internal Management Engineering Garage Technology Service Funds Operating revenues Charges for services 334,983$ 71,719$ 244,883$ 147,156$ 798,741$ Miscellaneous 6,536 175 – – 6,711 Total operating revenues 341,519 71,894 244,883 147,156 805,452 Operating expenses Personal services 8,650 5,063 9,137 6,694 29,544 Supplies and maintenance – – 138,052 10,077 148,129 Other services and charges 5,452 5,440 92,340 5,715 108,947 Purchased services 340,818 137,505 11,319 129,346 618,988 Total operating expenses 354,920 148,008 250,848 151,832 905,608 Operating income (loss)(13,401) (76,114) (5,965) (4,676) (100,156) Nonoperating revenues (expenses) Earnings (charges) on investments 4,797 1,499 (180) – 6,116 Change in net position (8,604) (74,615) (6,145) (4,676) (94,040) Net position – beginning 407,280 67,595 (20,652) (27,114) .427,109 Net position – ending 398,676$ (7,020)$ (26,797)$ (31,790)$ 333,069$ CITY OF ARDEN HILLS Combining Statement of Revenues, Expenses, and Changes in Net Position Internal Service Funds Year Ended December 31, 2017 -65- Total Risk Central Internal Management Engineering Garage Technology Service Funds Cash flows from operating activities Receipts from customers and users 341,519$ 71,894$ 244,883$ 147,156$ 805,452$ Payments to suppliers (346,270) (135,303) (216,539) (114,896) (813,008) Payments to employees (9,072) (5,611) (9,262) (6,831) (30,776) Net cash flows from operating activities (13,823) (69,020) 19,082 25,429 (38,332) Cash flows from noncapital financing activities Cash paid to other funds – – (1,975) (25,429) (27,404) Cash flows from investing activities Earnings (charges) on investments 4,564 1,765 (273) – 6,056 Net change in cash and cash equivalents (9,259) (67,255) 16,834 – (59,680) Cash and cash equivalents – beginning 407,124 74,016 – – 481,140 Cash and cash equivalents – ending 397,865$ 6,761$ 16,834$ –$ 421,460$ Reconciliation of operating income (loss) to net cash flows from operating activities Operating income (loss)(13,401)$ (76,114)$ (5,965)$ (4,676)$ (100,156)$ Adjustments to reconcile operating income (loss) to net cash provided (used) by operating activities Decrease (increase) in prepaid items – – 227 26,642 26,869 Increase (decrease) in accounts payable – 7,642 7,545 3,355 18,542 Increase (decrease) in salaries payable 11 (243) (11) 101 (142) Increase (decrease) in due to other governments – – 17,400 245 17,645 Increase (decrease) in compensated absences payable (433) (305) (114) (238) (1,090) Total adjustments (422) 7,094 25,047 30,105 61,824 Net cash flows from operating activities (13,823)$ (69,020)$ 19,082$ 25,429$ (38,332)$ CITY OF ARDEN HILLS Combining Statement of Cash Flows Internal Service Funds Year Ended December 31, 2017 -66- STATISTICAL SECTION (UNAUDITED) TAB STATISTICAL SECTION (UNAUDITED) This part of the City’s Comprehensive Annual Financial Report (CAFR) presents detailed information as a context for understanding this year’s financial statements, note disclosures, and supplementary information. This information has not been audited by the independent auditor. The contents of the statistical section include: Financial Trends – These tables contain trend information that may assist the reader in assessing the City’s current financial performance by placing it in historical perspective. Revenue Capacity – These schedules contain information to assist the reader in assessing the City’s most significant local revenue source—property taxes. Debt Capacity – These tables present information that may assist the reader in analyzing 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 – These tables offer economic and demographic indicators that are commonly used for financial analysis and that can assist the reader in understanding the City’s present and ongoing financial status. Operating Information – These tables contain service and infrastructure indicators that can assist the reader in understanding how the information in the City’s financial report relates to the services the City provides and the activities it performs. Source – Unless otherwise noted, the information in these tables is derived from the CAFR for the relevant year. 2008 2009 2010 2011 Governmental activities Investment in capital assets 13,859,332$ 14,789,291$ 16,341,354$ 17,498,478$ Restricted 836,195 1,060,973 1,329,092 1,694,212 Unrestricted 9,304,608 9,176,652 9,008,528 9,133,279 Total governmental activities net position 24,000,135$ 25,026,916$ 26,678,974$ 28,325,969$ Business-type activities Investment in capital assets 10,449,932$ 10,507,344$ 10,530,204$ 10,961,855$ Unrestricted 1,977,168 2,171,942 2,621,579 3,248,534 Total business-type activities net position 12,427,100$ 12,679,286$ 13,151,783$ 14,210,389$ Primary government Investment in capital assets 24,309,264$ 25,296,635$ 26,871,558$ 28,460,333$ Restricted 836,195 1,060,973 1,329,092 1,694,212 Unrestricted 11,281,776 11,348,594 11,630,107 12,381,813 Total primary government net position 36,427,235$ 37,706,202$ 39,830,757$ 42,536,358$ Note:The City implemented GASB Statement No.68 in fiscal 2015.The City reported a change in accounting principle as a result of implementing this standard that decreased unrestricted net position. Prior year information has not been restated. Fiscal Year CITY OF ARDEN HILLS Net Position by Component Last Ten Fiscal Years (Accrual Basis of Accounting) -67- 2012 2013 2014 2015 2016 2017 17,167,531$ 17,435,976$ 18,837,904$ 24,909,453$ 25,178,721$ 22,750,377$ 1,788,007 896,106 917,300 675,052 786,678 898,739 9,738,832 10,274,835 11,472,102 8,765,793 8,249,560 10,678,219 28,694,370$ 28,606,917$ 31,227,306$ 34,350,298$ 34,214,959$ 34,327,335$ 12,360,674$ 14,356,782$ 14,464,713$ 16,167,536$ 16,306,381$ 16,292,000$ 2,403,645 1,158,470 1,793,112 238,381 1,116,957 1,298,744 14,764,319$ 15,515,252$ 16,257,825$ 16,405,917$ 17,423,338$ 17,590,744$ 29,528,205$ 31,792,758$ 33,302,617$ 41,076,989$ 41,485,102$ 39,042,377$ 1,788,007 896,106 917,300 675,052 786,678 898,739 12,142,477 11,433,305 13,265,214 9,004,174 9,366,517 11,976,963 43,458,689$ 44,122,169$ 47,485,131$ 50,756,215$ 51,638,297$ 51,918,079$ -68- 2008 2009 2010 2011 Expenses Governmental activities General government 1,640,599$ 1,622,425$ 1,232,225$ 1,199,609$ Public safety 1,582,531 1,648,349 1,585,447 1,736,422 Public works 538,869 436,200 636,406 614,761 Parks and recreation 710,298 734,148 732,824 811,533 Economic development 43,791 48,322 3,311 6,862 Interest on long-term debt 60,233 53,496 46,470 39,146 Total governmental activities 4,576,321 4,542,940 4,236,683 4,408,333 Business-type activities Water 1,510,998 1,648,815 1,678,954 1,573,669 Sewer 1,143,557 1,268,018 1,367,429 1,454,302 Surface water management 219,483 269,562 321,693 353,330 Recycling 113,709 118,197 129,139 137,622 Total business-type activities 2,987,747 3,304,592 3,497,215 3,518,923 Total primary government 7,564,068$ 7,847,532$ 7,733,898$ 7,927,256$ Program revenues Governmental activities Charges for services General government 298,395$ 341,736$ 271,972$ 353,224$ Public safety 221,614 307,306 207,876 385,133 Public works – – – – Parks and recreation 94,293 91,305 98,395 110,830 Operating grants and contributions 599,862 210,140 275,869 410,228 Capital grants and contributions 141,325 705,858 1,171,451 946,122 Total governmental activities 1,355,489 1,656,345 2,025,563 2,205,537 Business-type activities Charges for services Water 1,327,075 1,709,639 1,824,086 1,950,932 Sewer 1,121,188 1,313,897 1,574,493 1,852,364 Surface water management 473,856 503,070 518,672 531,845 Recycling 83,235 87,700 121,892 142,858 Operating grants and contributions 20,301 19,866 20,114 20,846 Capital grants and contributions – – – 140,428 Total business-type activities 3,025,655 3,634,172 4,059,257 4,639,273 Total primary government 4,381,144$ 5,290,517$ 6,084,820$ 6,844,810$ Fiscal Year CITY OF ARDEN HILLS Changes in Net Position Last Ten Fiscal Years (Accrual Basis of Accounting) -69- 2012 2013 2014 2015 2016 2017 1,186,404$ 1,133,379$ 1,294,830$ 1,281,557$ 1,384,908$ 1,322,106$ 1,900,443 1,956,260 1,887,877 1,978,210 2,047,961 2,158,835 894,954 944,104 852,109 194,667 800,157 3,512,218 838,138 807,363 711,174 711,181 751,910 759,737 61,770 403,143 522,193 733,528 361,029 276,841 31,287 25,767 11,004 817 – – 4,912,996 5,270,016 5,279,187 4,899,960 5,345,965 8,029,737 1,983,200 1,843,530 1,893,217 1,803,405 1,833,468 2,159,874 1,595,379 1,560,796 1,506,927 1,587,808 1,513,219 1,780,260 388,406 453,727 432,788 489,377 468,965 481,026 142,114 144,541 150,417 239,727 141,190 147,919 4,109,099 4,002,594 3,983,349 4,120,317 3,956,842 4,569,079 9,022,095$ 9,272,610$ 9,262,536$ 9,020,277$ 9,302,807$ 12,598,816$ 377,621$ 338,546$ 275,735$ 271,991$ 299,692$ 314,166$ 376,576 341,114 366,452 628,573 735,730 915,632 – – 4,973 5,205 4,535 7,029 118,179 113,374 116,951 119,338 134,579 123,550 291,712 343,486 300,536 389,219 308,900 2,031,474 134,710 326,213 2,302,439 3,080,749 462,105 448,945 1,298,798 1,462,733 3,367,086 4,495,075 1,945,541 3,840,796 2,285,161 2,271,072 2,132,191 2,099,242 2,165,773 2,127,452 1,739,123 1,798,889 1,857,272 1,855,802 1,989,066 1,796,144 567,361 639,747 762,884 782,501 812,044 834,973 121,688 122,666 130,369 129,030 134,739 151,272 19,802 19,694 19,611 124,228 26,323 24,655 25,506 156,585 – – 59,248 – 4,758,641 5,008,653 4,902,327 4,990,803 5,187,193 4,934,496 6,057,439$ 6,471,386$ 8,269,413$ 9,485,878$ 7,132,734$ 8,775,292$ (continued) -70- 2008 2009 2010 2011 Net (expense) revenue Governmental activities (3,220,832)$ (2,886,595)$ (2,211,120)$ (2,202,796)$ Business-type activities 37,908 329,580 562,042 1,120,350 Total primary government (3,182,924)$ (2,557,015)$ (1,649,078)$ (1,082,446)$ General revenues and other changes in net position Governmental activities Taxes Property taxes 2,727,372$ 2,860,820$ 2,836,982$ 2,920,078$ Tax increment collections 506,808 540,408 566,725 342,109 Franchise taxes 60,520 104,148 85,131 90,123 Unrestricted investment earnings 433,894 275,500 231,340 307,769 Gain on sale of capital assets – – – 46,712 Transfers – 132,500 143,000 143,000 Total governmental activities 3,728,594 3,913,376 3,863,178 3,849,791 Business-type activities Unrestricted investment earnings 72,307 55,106 53,455 81,256 Transfers – (132,500) (143,000) (143,000) Total business-type activities 72,307 (77,394) (89,545) (61,744) Total primary government 3,800,901$ 3,835,982$ 3,773,633$ 3,788,047$ Change in net position Governmental activities 507,762$ 1,026,781$ 1,652,058$ 1,646,995$ Business-type activities 110,215 252,186 472,497 1,058,606 Total primary government 617,977$ 1,278,967$ 2,124,555$ 2,705,601$ Fiscal Year CITY OF ARDEN HILLS Changes in Net Position Last Ten Fiscal Years (continued) (Accrual Basis of Accounting) -71- 2012 2013 2014 2015 2016 2017 (3,614,198)$ (3,807,283)$ (1,912,101)$ (404,885)$ (3,400,424)$ (4,188,941)$ 649,542 1,006,059 918,978 870,486 1,230,351 365,417 (2,964,656)$ (2,801,224)$ (993,123)$ 465,601$ (2,170,073)$ (3,823,524)$ 3,095,488$ 3,094,036$ 3,182,331$ 3,191,426$ 3,278,287$ 3,526,347$ 431,060 466,280 565,422 697,898 242,544 295,788 94,532 96,820 103,711 72,837 132,548 109,070 218,519 (168,071) 450,261 245,540 155,191 139,347 – – – – – – 143,000 230,765 230,765 230,765 230,765 230,765 3,982,599 3,719,830 4,532,490 4,438,466 4,039,335 4,301,317 47,388 (24,361) 54,360 35,857 17,835 32,754 (143,000) (230,765) (230,765) (230,765) (230,765) (230,765) (95,612) (255,126) (176,405) (194,908) (212,930) (198,011) 3,886,987$ 3,464,704$ 4,356,085$ 4,243,558$ 3,826,405$ 4,103,306$ 368,401$ (87,453)$ 2,620,389$ 4,033,581$ 638,911$ 112,376$ 553,930 750,933 742,573 675,578 1,017,421 167,406 922,331$ 663,480$ 3,362,962$ 4,709,159$ 1,656,332$ 279,782$ -72- THIS PAGE INTENTIONALLY LEFT BLANK Tax Property Increment Franchise Fiscal Year Taxes Collections Taxes Total 2008 2,727,372$ 506,808$ 60,520$ 3,294,700$ 2009 2,860,820 540,408 104,148 3,505,376 2010 2,836,982 566,725 85,131 3,488,838 2011 2,920,078 342,109 90,123 3,352,310 2012 3,095,488 431,060 94,532 3,621,080 2013 3,094,036 466,280 96,820 3,657,136 2014 3,182,331 565,422 103,711 3,851,464 2015 3,191,426 697,898 72,837 3,962,161 2016 3,278,287 242,544 132,548 3,653,379 2017 3,526,347 295,788 109,070 3,931,205 CITY OF ARDEN HILLS Governmental Activities Tax Revenues by Source Last Ten Fiscal Years (Accrual Basis of Accounting) -73- 2008 2009 2010 2011 General Fund Reserved 16,586$ 24,304$ 32,587$ –$ Unreserved 1,834,179 1,797,956 1,730,605 – Nonspendable – – – 29,063 Assigned – – – 106,592 Unassigned – – – 2,015,680 Total General Fund 1,850,765$ 1,822,260$ 1,763,192$ 2,151,335$ All other governmental funds Reserved 838,308$ 1,063,087$ 1,331,259$ –$ Unreserved, reported in Special revenue funds 765,771 733,626 468,786 – Capital project funds 7,773,523 7,242,406 7,212,442 – Nonspendable – – – – Restricted – – – 1,696,379 Committed – – – 264,016 Assigned – – – 6,993,767 Unassigned – – – (542,821) Total all other governmental funds 9,377,602$ 9,039,119$ 9,012,487$ 8,411,341$ Note: The City implemented GASB Statement No. 54 in fiscal 2011. Prior year information has not been restated. Fiscal Year CITY OF ARDEN HILLS Fund Balances of Governmental Funds Last Ten Fiscal Years -74- 2012 2013 2014 2015 2016 2017 –$ –$ –$ –$ –$ –$ – – – – – – 22,326 22,754 21,059 23,983 26,271 288,519 126,134 119,440 139,721 251,497 257,771 285,548 2,202,459 2,223,512 2,185,162 2,806,930 2,660,771 3,065,250 2,350,919$ 2,365,706$ 2,345,942$ 3,082,410$ 2,944,813$ 3,639,317$ –$ –$ –$ –$ –$ –$ – – – – – – – – – – – – 628 910 395 845 214 664 1,799,380 888,707 917,300 675,052 786,678 898,739 452,496 421,989 471,161 449,898 450,433 471,996 6,863,115 7,111,210 7,346,178 3,902,898 3,872,938 6,138,393 (303,339) (134,316) (150,893) (216,521) (217,607) (439,147) 8,812,280$ 8,288,500$ 8,584,141$ 4,812,172$ 4,892,656$ 7,070,645$ -75- Revenues Taxes General property tax Tax increments Special assessments Licenses and permits Intergovernmental Charges for services Fines and forfeits Earnings on investments Franchise taxes Antenna rental fees Miscellaneous/other Total revenues Expenditures Current General government Public safety Public works Parks and recreation Economic development Capital outlay General government Public safety Public works Parks and recreation Economic development Debt service Principal Interest and paying agent fees Total expenditures Revenues over (under) expenditures Other financing sources (uses) Transfers in Transfers out Sale of capital assets Total other financing sources (uses) Net change in fund balances Debt service as a percentage of noncapital expenditures 6.56 %6.52 %7.12 %6.99 % 2011 2,913,248$ 342,109 561,238 566,725 388,768 2,867,028$ 2010 (66,044) 143,000 – 156,543 1,526,819 282,019 (677,121) 809,621 53,425 1,088,586 5,683,868 – 128,037 6,035,747 5,831,818 1,063,181 64,923 245,000 39,325 123,668$ (576,791) 46,712 189,712 (85,700)$ – 143,000 (228,700) 719,791 661,746 6,862 684,492 91,579 – 410,585$ – – 4,799,281 220,000 (366,988)$ 132,500 – (499,488) 60,520 104,148 5,209,866 519,154 5,184,380 (1,045,100) 1,045,100 410,585 331,650 1,504,149 1,420,785 157,451 72,784 43,791 562,283 265,448 – 110,544 123,080 60,100 606,822 285,028 48,322 225,000 429,991 246,416 419,197 65,759 322,978 27,013 231,340 29,593 296,249 90,123 72,351 365,259 5,765,774 85,131 118,096 5,807,047 147,187 63,009 1,283,267 46,525 1,561,046 322,793 605,210 – 865,334 1,141,300 235,000 18,927 108,575 3,311 1,060,744 1,640,801 1,127,726 273,165 2009 275,500 26,111 332,358 130,622 318,849 2,706,745$ 228,776 145,288 282,553 30,189 433,894 2,835,253$ 223,155 506,808 410,935 540,408 255,265 878,944 Fiscal Year 2008 CITY OF ARDEN HILLS Changes in Fund Balances of Governmental Funds Last Ten Fiscal Years (Modified Accrual Basis of Accounting) -76- 6.21 % 5.82 % 5.73 %6.20 %– %– % 20152014 3,210,025$ 565,422 304,315 2013 3,086,064$ 466,280 1,017,328 68,493 2012 3,087,160$ 431,060 252,879 5,312,405 90,222 9,545 170,511 94,532 75,745 113,974 43,777 382,366 382,039 5,129,294 1,054,852 6,982,261 1,054,662 1,728,669 377,101 679,282 391,711 675,073 89,482 275,877$ 231,025 270,000 14,773 6,937,149 45,112 230,765 – – 230,765 5,559 66,079 1,833,535 18,883 1,826,098 580,872 648,214 286,991 1,155,120 316,859 410,995 1,408,240 400,224 29,569 433,402 103,711 327,727 32,055 (164,535) 96,820 76,574 110,144 1,779,549 255,000 457,523 143,000 – – 143,000 600,523$ 8,847 169,894 376,872 109,761 31,698 4,854,882 5,330 57,766 260,000 23,520 5,869,052 328,248 (739,758) 230,765 – – 230,765 (508,993)$ 189,534 241,463 7,995,462 1,143,037 1,920,280 336,398 573,587 249,484 3,203,004$ 697,898 908,964 518,846 1,396,269 496,908 32,792 236,947 72,837 – 230,765 (3,035,501)$ – 52,936 6,198,264 – 502,842 280,000 4,900 11,261,728 (3,266,266) 230,765 – – 230,765 717,137$ – 47,880 786,873 – 151,306 – – 5,493,478 486,372 230,765 – 132,548 123,815 94,442 5,979,850 1,194,579 1,981,506 479,814 621,832 229,688 2016 3,260,537$ 242,544 373,415 598,686 396,275 590,141 29,989 133,231 577,041 31,868 148,679 415,070 143,085 450,589 33,192 215,119 – 471,590 2,872,493$ – 100,215 734,411 337,808 7,520 – – 5,754,643 2,400,903 471,590 – 109,070 128,765 164,256 8,155,546 1,189,500 2,058,037 443,633 618,614 264,905 2017 3,541,705$ 295,788 308,990 729,197 2,124,414 -77- THIS PAGE INTENTIONALLY LEFT BLANK Fiscal Year General Tax Increment Franchise Tax Total 2008 2,706,745$ 506,808$ 60,520$ 3,274,073$ 2009 2,835,253 540408 104,148 3,479,809 2010 2,867,028 566,725 85,131 3,518,884 2011 2,913,248 342,109 90,123 3,345,480 2012 3,087,160 431,060 94,532 3,612,752 2013 3,086,064 466,280 96,820 3,649,164 2014 3,210,025 565,422 103,711 3,879,158 2015 3,203,004 697,898 72,837 3,973,739 2016 3,260,537 242,544 132,548 3,635,629 2017 3,541,705 295,788 109,070 3,946,563 CITY OF ARDEN HILLS General Governmental Tax Revenues by Source Last Ten Fiscal Years (Modified Accrual Basis of Accounting) Property Tax -78- Fiscal Year Less Tax Ended Real Personal Total Increment December 31,Property Property Tax Capacity District 2008 16,215,348$ *140,000$ 16,355,348$ 562,501$ 2009 16,414,454 *153,000 16,567,454 583,017 2010 15,659,356 164,655 15,824,011 590,269 2011 14,606,183 178,841 14,785,024 531,415 2012 13,848,510 190,989 14,039,499 436,893 2013 13,262,619 213,949 13,476,568 438,897 2014 13,413,316 216,679 13,629,995 510,906 2015 14,162,432 224,125 14,386,557 684,465 2016 14,364,828 236,271 14,601,099 207,526 2017 14,671,678 262,904 14,934,582 256,243 CITY OF ARDEN HILLS Tax Capacity Value and Estimated Market Value of Taxable Property Last Ten Fiscal Years Source: Ramsey County Assessor * The breakdown between Real and Personal Property was estimated for 2008 and 2009. -79- Less Fiscal Adjusted Estimated Disparity Tax Capacity Market Contribution (ATC) Value Value (EMV) 1,555,117$ 14,237,730$ 19.59 %1,232,098,300$ 1.16 % 2,865,756 13,118,681 20.53 1,229,529,900 1.07 3,096,380 12,137,362 22.67 1,171,068,100 1.04 2,921,351 11,332,258 24.19 1,109,327,600 1.02 2,505,319 11,097,287 25.54 1,043,419,700 1.06 2,474,502 10,563,169 27.93 1,035,471,700 1.02 2,375,745 10,743,344 27.95 1,055,153,800 1.02 2,303,582 11,398,510 27.29 1,122,428,000 1.02 2,280,682 12,112,891 26.54 1,144,221,600 1.06 2,365,021 12,313,318 27.21 1,173,397,600 1.05 Direct Tax Rate Total of EMV ATC as a Percentage -80- 19.585 %44.023 %20.030 %– %83.638 % 20.534 46.546 22.937 – 90.017 22.672 50.248 24.560 7.953 105.433 24.187 54.678 25.573 8.354 112.792 25.544 61.316 29.044 9.955 125.859 27.931 65.240 29.444 10.200 132.815 27.950 63.735 29.734 9.825 131.244 27.294 58.922 27.378 9.179 122.773 26.539 58.885 26.245 9.052 120.721 27.211 55.850 25.305 8.558 116.924 (1) Note: Source:Ramsey County Assessor School Rate 2008 Fiscal Year Rates for special taxing districts were not readily available prior to 2010. CITY OF ARDEN HILLS Property Tax Rates Last Ten Fiscal Years Direct and Overlapping (1) Governments Special Ramsey Districts Overlapping RatesDirect Rate Operating Taxing City Overlapping rates are those of local and county governments that apply to property owners within the City.Not all overlapping rates apply to all city property owners (e.g., the rates for special districts apply only to the proportion of the City’s property owners whose property is located within the geographic boundaries of the special district). County 2010 2009 2016 2017 2013 2015 Total 2011 2012 District 2014 -81- Taxable Taxable Capacity Value Rank Capacity Value Rank Cardiac Pacemakers, Inc.1,153,472$ 1 7.72 %1,699,250$ 1 10.39 % Space Center Arden Hills, LLC 381,454 2 2.55 – – – St. Paul Fire and Marine Insurance Company 371,272 3 2.49 – – – NSP 361,208 4 2.42 303,250 9 1.85 Land O’Lakes, Inc.360,146 5 2.41 368,728 5 2.25 Presbyterian Homes, Inc.293,845 6 1.97 – – – CSM Corporation 234,878 7 1.57 471,218 2 2.88 LSREF4 BISON LLC 184,002 8 1.23 – – – RAM Development, LLC 166,286 9 1.11 – – – Arden Hills Industrial, LLC 132,608 10 0.89 407,634 3 2.49 Mutual Service Insurance Company – – – 399,138 4 2.44 St. Paul Properties, Inc.– – – 349,956 6 2.14 Inland Shannon Square Cub, LLC – – – 346,252 7 2.12 IRET Properties, LP – – – 325,250 8 1.99 Pharmacia Deltec, Inc.– – – 265,040 10 1.62 Total 3,639,171$ 24.37 %4,935,716$ 30.18 % Total capacity value 14,934,582$ 16,355,348$ Source:Ramsey County Assessor Taxpayer Percentage of Total City Value Percentage of Total City Value Capacity CITY OF ARDEN HILLS Principal Property Taxpayers Current Year and Nine Years Ago 2017 Capacity 2008 -82- Taxes Collections Fiscal Year Levied in Ended for the Additions/Subsequent December 31,Fiscal Year Amount (Abatements)Years Amount 2008 2,744,767$ 2,709,036$ 98.70 %(24,859)$ 10,872$ 2,744,767$ 100.00 % 2009 2,892,774 2,829,900 97.83 (47,523) 15,351 2,892,774 100.00 2010 2,953,128 2,890,946 97.89 (29,095) 33,087 2,953,128 100.00 2011 3,040,964 3,008,068 98.92 (2,326) 28,973 3,039,367 99.95 2012 3,096,994 3,045,572 98.34 (11,376) 38,642 3,095,590 99.95 2013 3,191,230 3,117,083 97.68 (38,542) 35,605 3,191,230 100.00 2014 3,257,456 3,219,641 98.84 (19,251) 17,175 3,256,067 99.96 2015 3,359,775 3,295,723 98.09 (75,019) (13,321) 3,357,421 99.93 2016 3,478,775 3,408,642 97.98 (79,442) (11,060) 3,477,024 99.95 2017 3,641,290 3,562,166 97.83 (66,924) – 3,629,090 99.66 Source: Ramsey County Assessor CITY OF ARDEN HILLS Last Ten Fiscal Years Property Tax Levies and Collections Collected Within the Fiscal Year of the Levy Percentage of Levy Percentage of Levy Total Collections to Date -83- Governmental Activities General Obligation TIF Bonds Per Capita (1) 1,770,000$ 0.52 %181$ 1,545,000 0.40 152 1,310,000 0.37 137 1,065,000 0.30 114 810,000 0.24 84 550,000 0.17 59 280,000 0.08 29 (2)– – – (2)– – – (2)– – – (1) (2) Note: Percentage Fiscal Year CITY OF ARDEN HILLS Ratios of Outstanding Debt by Type Last Ten Fiscal Years Personal Income (1) of 2010 2009 2008 2015 2014 2013 See the Schedule of Demographic and Economic Statistics for personal income and population data. The City made the final bond payment in 2015. There is no outstanding bonded debt as of year-end. Details regarding the City’s outstanding debt can be found in the notes to basic financial statements. 2012 2011 2016 2017 -84- THIS PAGE INTENTIONALLY LEFT BLANK Estimated Net Debt Share of Governmental Unit Outstanding Overlapping Debt Debt repaid with property taxes Ramsey County 96,894,334$ 2.47 %2,398,130$ County library 29,071,681 4.90 1,423,602 Independent School District No. 621 86,370,055 13.45 11,617,247 Independent School District No. 623 44,445,765 0.78 344,694 Intermediate School District No. 916 76,887,597 4.98 3,825,254 Metropolitan Council 1,308,024,397 0.36 4,744,441 Total overlapping debt 24,353,368 City of Arden Hills – – – Total direct and overlapping debt 24,353,368$ (1) Note: Source: The percentage of overlapping debt applicable is estimated using taxable assessed property values.Applicable percentages were estimated by determining the portion of the county’s taxable assessed value that is within the City’s boundaries and dividing it by the county’s total taxable assessed value. Overlapping governments are those that coincide,at least in part,with the geographic boundaries of the City.This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City.This process recognizes that,when considering the City’s ability to issue and repay long-term debt,the entire debt burden borne by the residents and businesses should be taken into account. However,this does not imply that every taxpayer is a resident and,therefore,responsible for repaying the debt of each overlapping government. Assessed value data used to estimate applicable percentages provided by the Ramsey County Assessor.Debt outstanding data provided by the county. CITY OF ARDEN HILLS Direct and Overlapping Governmental Activities Debt as of December 31, 2017 Estimated Percentage Applicable (1) -85- Fiscal Year 2008 2009 2010 2011 36,962,949$ 36,885,897$ 35,132,043$ 33,279,828$ – – – – 36,962,949$ 36,885,897$ 35,132,043$ 33,279,828$ Total net debt applicable to limit – – – – Note: Debt limit Total net debt applicable to limit Legal debt margin CITY OF ARDEN HILLS Legal Debt Margin Information Last Ten Fiscal Years as a percentage of debt limit Under state finance law,the City’s outstanding general obligation debt should not exceed 3 percent of total market value. By law,the general obligation debt subject to the limitation may be offset by amounts set aside for repaying general obligation bonds. Tax increment bonds are not subject to the debt limit; therefore, they are not included. -86- 2012 2013 2014 2015 2016 2017 31,302,591$ 31,064,151$ 31,654,614$ 33,672,840$ 34,326,648$ 35,201,928$ – – – – – – 31,302,591$ 31,064,151$ 31,654,614$ 33,672,840$ 34,326,648$ 35,201,928$ – – – – – – Total estimated market value 1,173,397,600$ Debt limit (3% of market value)35,201,928 Debt applicable to limit General obligation bonds – Less amount set aside for repayment of general obligation debt – Total net debt applicable to limit – Legal debt margin 35,201,928$ Legal Debt Margin Calculation for Fiscal Year 2017 -87- Per Capita Arden Hills Personal Total Personal Median School Population (1)Income (3)Income (4)Age (6)Enrollment (5) 9,796 34,691$ 339,833,036$ 35.0 10,136 5.3 % 10,137 37,918 384,374,766 35.0 10,071 7.6 9,552 36,806 351,570,912 36.2 10,032 7.5 9,381 37,371 350,577,351 34.8 10,090 6.6 9,597 35,375 339,493,875 34.8 10,234 5.7 9,359 33,688 315,285,992 34.8 10,480 4.9 9,652 34,481 332,810,612 36.9 10,734 4.0 9,847 35,222 346,831,034 36.0 11,011 3.6 9,966 35,994 358,716,204 36.0 11,401 3.6 10,066 36,714 369,549,433 36.3 11,556 3.3 Sources: (1) (2) (3) (4) (5) (6) Enrollment numbers are based off of Independent School District No.621,Mounds View,from the Minnesota Department of Education’s website. Median age is from www.city-data.com website. Per capita personal income is obtained from the Metropolitan Council website. 2017 is estimated by city staff. Rate (2) Population data is obtained from the Metropolitan Council website. 2017 is estimated by city staff. 2013 Personal income is calculated based on the population and per capita personal income. Fiscal Year 2014 Unemployment rate information is from DEED for Ramsey County. 2010 2008 2011 2012 2017 2015 CITY OF ARDEN HILLS Demographic and Economic Statistics Last Ten Fiscal Years 2016 2009 Unemployment -88- Employees Rank Employees Rank Boston Scientific 2,200 1 19.5 %2,000 1 14.1 % Bethel University 970 2 8.6 – – – University of Northwestern 960 3 8.5 – – – Land O’Lakes, Inc.850 4 7.5 800 2 5.6 Presbyterian Homes of Arden Hills 500 5 4.4 500 5 3.5 Delkor 160 6 1.4 – – – International Paper 120 7 1.1 – – – Country and MSI Insurance – – – 640 3 4.5 Celestica – – – 600 4 4.2 Fair Isaac & Co.– – – 500 5 3.5 Smiths Medical M.D., Inc.– – – 500 5 3.5 Total 5,760 51.1 %5,540 39.1 % Total city employees 11,275 14,173 (1) Information only readily available for the top seven employers. Source:City staff research. 2017 (1) CITY OF ARDEN HILLS Principal Employers Current Year and Nine Years Ago Employees of Total City 2008 (1) Percentage of Total City Percentage Employer Employees -89- 2008 2009 2010 2011 Function Towed vehicles – – 2 3 145 117 138 96 Driving impaired/alcohol 29 21 9 13 Traffic stops 144 281 332 328 Traffic investigations 22 19 11 24 Number of calls answered N/A N/A N/A N/A Fire 228 214 452 559 – 1.40 1.80 1.93 200 250 325 250 Sanitation (residential) Refuse collected (tons/day)7.21 8.05 7.95 7.85 Recyclables collected (tons/day)2.68 2.05 2.34 2.01 Parks and recreation Athletic field permits issued 30 25 25 20 Water New connections – 3 3 2 Water main breaks 7 5 7 2 Average daily consumption (thousands of gallons)1,029 1,323 1,162 1,135 Note 1:Indicators are not available for the general city functions. Note 2: Note 3: Note 4: Source:Various city departments Refuse approximation provided by BFI/Allied Waste (approximately 38 pounds per household per week – 3,236 households (City Planner)–converted to tons.Recyclables –numbers based off of yearly tonnage total divided into 365 days in the year. Fire information provided by Lake Johanna Fire Department, which is contracted out by the City. Street resurfacing (miles) Number of calls answered Potholes repaired Highways and streets Information provided by the Ramsey County Sheriff’s Department.Starting in 2015,the Sheriff changed reporting standards, and information is no longer easily broken down. Total number of calls is now provided. Last Ten Fiscal Years Operating Indicators by Function CITY OF ARDEN HILLS Traffic accidents Police (see Note 2) Fiscal Year -90- 2012 2013 2014 2015 2016 2017 7 2 1 N/A N/A N/A 140 149 144 N/A N/A N/A 15 23 18 N/A N/A N/A 17 78 20 N/A N/A N/A 33 78 40 N/A N/A N/A N/A N/A N/A 4,892 4,370 6,092 522 561 651 804 930 986 5.20 4.40 – 2.84 0.25 0.20 250 250 250 600 600 700 7.90 8.05 8.65 8.76 8.75 8.80 2.20 2.20 2.21 2.16 2.06 2.22 19 30 22 22 22 30 31 10 2 7 8 8 12 6 2 10 6 7 1,269 1,162 983 857 812 853 -91- Fiscal Year 2008 2009 2010 2011 Function General government 6.40 6.57 7.18 6.89 Public safety General public safety 2.70 2.72 2.72 2.74 Highways and streets General highways and streets 2.30 2.39 2.44 2.20 Community development 1.60 0.02 – – Parks and recreation 7.50 8.32 6.95 8.88 Water 3.40 3.40 3.29 3.50 Sewer 3.90 4.01 3.91 4.05 Recycling 0.10 0.14 0.17 0.21 Surface water management 1.80 1.57 2.25 2.54 Total 29.70 29.14 28.90 31.01 Note: Source:Finance and Administration Seasonal staff are calculated by total hours worked (2,080 hours per year),added together to total an equivalent. Seasonal hours fluctuate throughout the year. CITY OF ARDEN HILLS Full-Time Equivalent City Government Employees by Function Last Ten Fiscal Years -92- 2012 2013 2014 2015 2016 2017 7.47 7.50 6.73 6.76 5.00 4.08 2.70 2.66 2.61 2.74 2.42 2.34 2.72 2.04 3.11 2.93 2.42 2.41 – – – – – – 6.51 6.92 7.77 7.31 6.78 6.52 3.67 4.42 4.18 4.07 3.56 3.62 4.42 4.92 5.06 4.85 4.31 4.30 0.21 0.21 0.20 0.19 0.17 0.21 2.66 2.56 3.01 2.95 2.64 2.70 30.36 31.22 32.67 31.80 27.30 26.18 -93- 2008 2009 2010 2011 57 57 57 57 250 250 250 250 18 18 18 18 111 111 111 111 14 14 14 14 52 53 54 54 11 13 15 15 4 4 4 4 6 6 6 6 10 10 10 10 5 5 5 5 2 2 3 3 43 43 43 43 520 520 520 520 1,500 1,500 1,500 1,500 42 44 44 44 20 20 20 20 * Note: Source: Sewer Sanitary sewers (miles) Storm sewers (miles) No capital asset indicators are available for the general city functions. Information used for the parks and recreation section was taken from the Arden Hills Parks and Trails Guide from the Parks and Recreation Department. Water Water mains (miles) Fire hydrants Maximum daily capacity (thousands of gallons) Tennis courts Softball/baseball fields Basketball courts Hockey/skating rinks Permanent restrooms Parks and recreation* Parks acreage Parks Trails acreage Trails (miles) Various city departments CITY OF ARDEN HILLS Capital Asset Statistics by Function Last Ten Fiscal Years Fiscal Year Function Highways and streets Streets (miles) Streetlights Traffic signals -94- 2012 2013 2014 2015 2016 2017 57 57 57 57 57 57 250 250 250 250 250 252 18 18 18 18 18 18 111 111 111 111 111 111 14 14 14 14 14 14 54 54 54 54 54 54 15 15 21 21 21 21 4 5 6 6 5 5 6 8 8 8 8 7 10 10 10 10 10 10 5 6 6 6 6 6 3 2 3 3 3 3 43 43 43 43 43 43 520 537 537 537 537 537 1,500 1,500 1,500 1,500 1,500 1,500 44 49 52 52 52 52 20 20 25 25 25 25 -95- THIS PAGE INTENTIONALLY LEFT BLANK CITY OF ARDEN HILLS RAMSEY COUNTY, MINNESOTA Special Purpose Audit Reports Year Ended December 31, 2017 THIS PAGE INTENTIONALLY LEFT BLANK Page Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards 1–2 Independent Auditor’s Report on Minnesota Legal Compliance 3 Schedule of Findings and Responses 4 Table of Contents CITY OF ARDEN HILLS Year Ended December 31, 2017 RAMSEY COUNTY, MINNESOTA Special Purpose Audit Reports THIS PAGE INTENTIONALLY LEFT BLANK -1- INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS To the City Council and Management City of Arden Hills, Minnesota We have audited, 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, the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Arden Hills, Minnesota (the City) as of and for the year ended December 31, 2017, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated June 7, 2018. INTERNAL CONTROL OVER FINANCIAL REPORTING In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control. 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 City’s financial statements will not be prevented, or detected and corrected, on a timely basis. 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 to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that mi ght be material weaknesses or significant deficiencies and, therefore, material weaknesses or significant deficiencies may exist that have not been identified. We did identify one deficiency in internal control, described in the accompanying Schedule of Findings and Responses as item 2017-001, which we consider to be a material weakness. (continued) -2- COMPLIANCE AND OTHER MATTERS As part of obtaining reasonable assurance about whether the City’s financial statements are free from 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 opi nion 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. CITY’S RESPONSE TO FINDING The City’s response to the finding identified in our audit is described in the accompanying Schedule of Findings and Responses. The City’s response was not subjected to the auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on it. PURPOSE OF THIS REPORT The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control and compliance. Accordingly, this report is not suitable for any other purpose. Minneapolis, Minnesota June 7, 2018 -3- INDEPENDENT AUDITOR’S REPORT ON MINNESOTA LEGAL COMPLIANCE To the City Council and Management City of Arden Hills, Minnesota We have audited, 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, the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Arden Hills, Minnesota (the City) as of and for the year ended December 31, 2017, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated June 7, 2018. MINNESOTA LEGAL COMPLIANCE The Minnesota Legal Compliance Audit Guide for Cities, promulgated by the State Auditor pursuant to Minnesota Statutes § 6.65, contains 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 audit considered all of the listed categories. In connection with our audit, nothing came to our attention that caused us to be lieve that the City failed to comply with the provisions of the Minnesota Legal Compliance Audit Guide for Cities. However, our audit was not directed primarily toward obtaining knowledge of such noncompliance. Accordingly, had we performed additional procedures, other matters may have come to our attention regarding the City’s noncompliance with the above referenced provisions. PURPOSE OF THIS REPORT The purpose of this report is solely to describe the scope of our testing of compliance and the results of that testing, and not to provide an opinion on compliance. Accordingly, this report is not suitable for any other purpose. Minneapolis, Minnesota June 7, 2018 THIS PAGE INTENTIONALLY LEFT BLANK CITY OF ARDEN HILLS Schedule of Findings and Responses Year Ended December 31, 2017 -4- FINDINGS – MATERIAL WEAKNESS IN INTERNAL CONTROL OVER FINANCIAL REPORTING 2017-001 SEGREGATION OF DUTIES Criteria – Internal control over financial reporting. Condition – The City of Arden Hills, Minnesota (the City) has limited segregation of duties in a number of areas. Context – This is a current year finding. Cause – The limited segregation of duties is primarily caused by the limited size of the City’s finance department staff. Effect – One important element of internal accounting controls is an adequate segregation of duties such that no one individual has responsibility to execute a transaction, have physical access to the related assets, and have responsibility or authority to record the transaction. A lack of segregation of duties subjects the City to a higher risk that errors or fraud could occur and not be detected in a timely manner in the normal course of business. Recommendation – This condition is common to organizations of your size. We recommend that the City segregate duties as best it can within the limits of the staff available. Any modifications in internal control in this area should be viewed from a cost/benefit perspective. Management Response – There is no disagreement with the audit finding. The City reviews and makes improvements to its internal control structure on an ongoing basis and attempts to maximize the segregation of duties in all areas within the limits of the staff available. However, the City does not consider it cost beneficial at this time to increase the size of its staff in order to further segregate accounting functions. THIS PAGE INTENTIONALLY LEFT BLANK Page 1 of 1 STAFF COMMENTS – 5A MEMORANDUM DATE: June 25, 2018 TO: Honorable Mayor and City Councilmembers FROM: Dave Perrault, City Administrator SUBJECT: Rice Creek Commons (TCAAP) and Joint Development Authority (JDA) Update Budgeted Amount: Actual Amount: Funding Source: $ $ $ A verbal update will be provided at the City Council meeting. Page 1 of 1 STAFF COMMENTS – 5B MEMORANDUM DATE: June 25, 2018 TO: Honorable Mayor and City Councilmembers Dave Perrault, City Administrator FROM: Sue Polka, Public Works Director/City Engineer SUBJECT: Transportation Update Budgeted Amount: Actual Amount: Funding Source: $ $ $ A verbal update will be provided at the City Council meeting. Page 1 of 1 STAFF COMMENTS – 5C MEMORANDUM DATE: June 25, 2018 TO: Honorable Mayor and City Councilmembers Dave Perrault, City Administrator FROM: Julie Hanson, City Clerk SUBJECT: Night to Unite Budgeted Amount: Actual Amount: Funding Source: $ $ $ Background/Discussion The 2018 Night to Unite will be held Tuesday, August 7 from 5:00 to 9:00 p.m. Those interested in hosting should register their party with the Ramsey County Sheriff’s Office by Friday, July 20, 2018, in order to ensure a deputy visit. Registration information and forms are available on the Ramsey County Sheriff’s Office website or by calling the Crime Prevention Unit at 651-266-7339. We also have a link to this information on the City’s website. Those who are registered to host a neighborhood gathering will be visited by community officials, fire departments, and Ramsey County Sheriff’s Office representatives. A list of neighborhoods participating in Night to Unite will be sent to the City Council when it becomes available. Approved: June 25, 2018 CITY OF ARDEN HILLS, MINNESOTA SPECIAL CITY COUNCIL WORK SESSION MAY 22, 2018 6:00 P.M. - ARDEN HILLS CITY COUNCIL CHAMBERS CALL TO ORDER/ROLL CALL Pursuant to due call and notice thereof, Mayor Grant called to order the Special City Council Work Session at 6:00 p.m. Present: Mayor David Grant; Councilmembers Brenda Holden, Dave McClung and Steve Scott Absent: Councilmember Fran Holmes (Excused) Also present: City Administrator Dave Perrault; Public Works Director/City Engineer Sue Polka; City Planner Matthew Bachler; and City Clerk Julie Hanson 1. AGENDA ITEMS A. Civic Site Task Force Mayor Grant provided background information regarding the 1.6 acre parcel in the Rice Creek Commons/TCAAP redevelopment area that has been designated for “civic use”. He indicated that while the formation of a Civic Site Task Force was initially discussed approximately a year ago, the City had been waiting for the project to move forward to a certain point before progressing with the Civic Site Task Force. Mayor Grant asked the Council to review the proposed Civic Site Task Force members for later comment. City Administrator Perrault indicated that current members of the City’s commissions and committees were invited to participate. A discussion ensued and the Council was in agreement as to make up of the Civic Site Task Force. It agreed that the Civic Site Task Force members visit other communities to gather information regarding potential uses for the site. Mayor Grant recommended Councilmembers Holden and Holmes be appointed as liaisons to the Civic Site Task Force, with Councilmember Scott followed by Councilmember McClung or Mayor Grant designated as alternate liaisons. ARDEN HILLS CITY COUNCIL SPECIAL WORK SESSION – MAY 22, 2018 2 Councilmember Holden asked about parking options. A discussion ensued regarding parking at the civic site. City Administrator Perrault stated that City Attorney Jamnik suggested a formal vision statement be provided to the Civic Site Task Force. City Administrator Perrault suggested the following vision statement for the Civic Site Task Force: To work with the City’s consultant, the public, and the City Council and to conduct research and propose potential options regarding the civic site property. City Administrator Perrault stated the Civic Site Task Force’s goal is not to make a recommendation necessarily but rather to conduct research as to the different types of uses for the site and in turn present their findings to the City Council. Mayor Grant reminded the group that there is a two-year deadline. A discussion ensued regarding the proposed civic site parcel as well as the parcel where the current City Hall is located, which included parking, lot dimensions, setbacks, and building square footage. A discussion ensued regarding the space study and resale options of the current City Hall. Rich Straumann, PTRC Chair, requested that he be appointed as an alternate PTRC member to the Civic Site Task Force. Mayor Grant stated this was fine but indicated that continuity was important. The Council agreed to appoint City Administrator Dave Perrault or his designee as the staff liaison. A discussion ensued regarding when the first meeting should take place, the goal of the first meeting, and the frequency of the meetings. City Administrator Perrault stated that HGA will be available for three meetings with the Civic Site Task Force, three meetings that will serve as open houses, and three meetings with the City Council. Mayor Grant suggested that the Civic Site Task Force not be overly concerned if a couple of the members cannot attend a particular meeting. He stated that it is better to still meet as a group so that this project can move forward and the deadline can be met. A discussion ensued regarding selection of a Chair for the committee and what the first meeting should entail. The Council agreed that the first meeting should be for the Civic Site Task Force members in order to familiarize themselves with the project and process, and the second meeting would include HGA. ARDEN HILLS CITY COUNCIL SPECIAL WORK SESSION – MAY 22, 2018 3 Councilmember Holden stated she would work with Councilmember Holmes to select a date for the first meeting. Councilmember McClung suggested setting a deadline for the Civic Site Task Force to report back to the Council. Mayor Grant suggested the Task Force report back to the Council at the end of July. City Administrator Perrault asked who the City Council would like to receive future reports from. Mayor Grant stated that the updates should come from City staff or possibly the Civic Site Task Force Chair. The Council was in agreement with this suggestion. 2. COUNCIL COMMENTS None. ADJOURN Mayor Grant adjourned the Special City Council Work Session at 6:45 p.m. __________________________ __________________________ Julie Hanson David Grant City Clerk Mayor Approved: June 25, 2018 CITY OF ARDEN HILLS, MINNESOTA REGULAR CITY COUNCIL MEETING MAY 29, 2018 7:00 P.M. - ARDEN HILLS CITY COUNCIL CHAMBERS CALL TO ORDER/ROLL CALL Pursuant to due call and notice thereof, Mayor David Grant called to order the regular City Council meeting at 7:00 p.m. Present: Mayor David Grant, Councilmembers Brenda Holden, Fran Holmes, Dave McClung and Steve Scott Absent: None Also present: City Administrator Dave Perrault; Public Works Director/City Engineer Sue Polka; City Planner Matthew Bachler; Finance Director Gayle Bauman; City Attorney Joel Jamnik; and City Clerk Julie Hanson PLEDGE OF ALLEGIANCE 1.APPROVAL OF AGENDA Mayor Grant requested Item 7P be removed from the Consent Agenda for discussion as Item 8A. MOTION: Councilmember Holden moved and Councilmember Holmes seconded a motion to approve the meeting agenda as amended. The motion carried unanimously (5-0). 2.RESPONSE TO PUBLIC INQUIRIES None. 3.PUBLIC INQUIRIES/INFORMATIONAL ARDEN HILLS CITY COUNCIL – MAY 29, 2018 2 Gregg Larson, 3377 North Snelling Avenue, discussed a letter he received last week from the City of Arden Hills. He noted the letter was written by a private company but was signed by the City. He expressed frustration with the fact the City allowed its logo to be used by a company that was peddling warranties for water lines. He questioned if this company was investigated by the City or if the Council just took the word of Metro Cities. He asked if the City was receiving a kick back for the warranties and noted other municipalities have rescinded the ability to send out these types of letters. He encouraged the City Council to not jeopardize the public’s trust and to not allow mass mailings to be sent out again with City logos. He explained that unless a resident knows their water or sewer line was failing, an extended warranty was not necessary. He indicated most consumer advocates including Consumer Reports discourages extended warranties, whether or homes, cars or electronics. He recommended the Council acknowledge their mistake, apologize to the City’s residents, and break the contract with this outside company. 4. PUBLIC PRESENTATIONS A. Proclamation in Recognition of Robert Thompson’s Years of Service on the Planning Commission and Parks, Trails and Recreation Committee Mayor Grant read a proclamation in full for the record recognizing Roberta Thompson for her years of service on the Planning Commission and Parks Trails and Recreation Committee. He noted Ms. Thompson was in the process of moving and therefore could no longer serve on these groups. 5. STAFF COMMENTS A. Rice Creek Commons (TCAAP) and Joint Development Authority (JDA) Update City Administrator Perrault provided an update on TCAAP stating the JDA has not met since the last Council meeting, but would be meeting next on Monday, June 4. Councilmember Holden asked if the Master Development Agreement would be completed by August. City Administrator Perrault stated the County and developer were shooting to have the Master Development Agreement completed by the end of summer. B. Transportation Update Public Works Director/City Engineer Polka reported the 2018 Street and Utility Improvement project would begin on Monday, June 4. Public Works Director/City Engineer Polka explained the County Road F preconstruction meeting would be held on Wednesday, May 30. She noted a link to the Ramsey County Transportation webpage was available on the City’s website. ARDEN HILLS CITY COUNCIL – MAY 29, 2018 3 6. APPROVAL OF MINUTES A. April 23, 2018, Regular City Council Councilmember Scott requested an addition to the minutes on Page 11, under Item 11 noting his statement regarding the Ramsey County Sheriff’s Open House should note City Administrator Perrault was also in attendance. MOTION: Councilmember Holden moved and Councilmember Holmes seconded a motion to approve the April 23, 2018, Regular City Council meeting minutes as amended. The motion carried unanimously (5-0). 7. CONSENT CALENDAR A. Motion to Approve Consent Agenda Item - Claims and Payroll B. Motion to Approve First Quarter Financials C. Motion to Approve Council Technology Reimbursement Policy D. Motion to Approve City Planner Out of Class Pay E. Motion to Approve Planning Case 18-009 – 1290 County Road F – Site Plan Review F. Motion to Approve Resolution 2018-029 Authorizing the Release of the Draft 2040 Comprehensive Plan Update to Neighboring Jurisdictions and Affected Governing Bodies for Review G. Motion to Approve Request for Proposals for On-Call Planning Services H. Motion to Approve Planning Case 18-007 – 4535 Lakeshore Place – Variance I. Motion to Approve Planning Case 18-008 – 1275 Nursery Hill Court – Variance J. Motion to Approve Authorization of Special Assessment Agreements – Land O Lakes and Boston Scientific K. Motion to Approve Resolution 2018-037 Approving MnDOT Zero Dollar Permit to Construct I-35W MnPASS Project L. Motion to Approve Resolution 2018-039 Providing for the Sale of General Obligation Utility Revenue Bonds M. Motion to Approve Proposal for Engineering Services – County Road F Watermain Relocation – TKDA N. Motion to Approve Resolution 2018-038 Establishing and Appointing Members to a Civic Space Task Force for Rice Creek Commons O. Motion to Authorize City Staff to Hire Part-Time Communications Intern P. Motion to Authorize Purchase of Ford F-450 Truck with Plow and Sander Q. Motion to Approve Proposal for Professional Services – TCAAP Related MOTION: Councilmember Holden moved and Councilmember Holmes seconded a motion to approve the Consent Calendar as amended removing Item 7P and to authorize execution of all necessary documents contained therein. The motion carried unanimously (5-0). ARDEN HILLS CITY COUNCIL – MAY 29, 2018 4 8. PULLED CONSENT ITEMS A. Motion to Authorize Purchase of Ford F-450 Truck with Plow and Sander Mayor Grant asked why this item was not on the 2019 State contract. Public Works Director/City Engineer Polka explained the 2018 contract for this type of vehicle expires at the end of October. She noted the issue was the 2018 trucks were no longer available. She estimated this vehicle was $2,000 higher than the State contract rate, but noted this was a 2019 vehicle and not a 2018 vehicle. Mayor Grant questioned if the Council wanted to go outside of the State contract to purchase this item, or wait until November to try and purchase the truck under the State contract. Councilmember Scott stated he supported the Council waiting for this purchase until November when the vehicle could be bid under the State contract. Councilmember Holmes explained the existing plow was not useable for the coming winter and the new plow would not be ready if the City waits to purchase off of the State contract in November. Councilmember Holden commented staff has been really good about only bringing purchases forwarded when they were really needed. For this reason, she supported the purchase of the truck now. Councilmember McClung asked if delaying action on this item for one meeting would impact the City’s ability to plow snow this coming winter. Public Works Director/City Engineer Polka reported she was uncertain. Councilmember McClung commented he agreed with Councilmember Holden and stated he supported the purchase of the truck and plow at this time. MOTION: Councilmember Holden moved and Councilmember Holmes seconded a motion to Authorize Purchase of Ford F-450 Truck with Plow and Sander. The motion carried 4-1 (Councilmember Scott opposed). 9. PUBLIC HEARINGS A. Planning Case 18-013 – 3246 New Brighton Road Public Hearing City Planner Bachler stated Journey Home Minnesota is a non-profit organization with a mission to create affordable housing for disabled military veterans in safe cities served by high quality school systems. The organization has developed housing projects in surrounding communities, including Shoreview, New Brighton, and Mounds View. Journey Home purchased ARDEN HILLS CITY COUNCIL – MAY 29, 2018 5 the Lake Johnna Fire Station No. 1 property at 3246 New Brighton Road in September 2017 and is requesting approval for a project to redevelop the property for three single-family residential homes. The existing fire station building, garage, and parking areas on the property would all be removed as part of the redevelopment. City Planner Bachler reported the existing property at 3246 New Brighton Road is approximately 2.8 acres in size and is comprised of the decommissioned Lake Johanna Fire Station No. 1 building, a detached garage, and parking areas. The two existing structures are located along New Brighton Road and there are multiple curb cuts currently providing access to the property. The topography of the lot is relatively flat along New Brighton Road, but slopes down significantly to a pond located on the easterly half of the property. The elevation change from New Brighton Road to the pond edge is roughly 15 feet. The pond occupies approximately 1.3 acres of the site leaving 1.5 acres of developable land. City Planner Bachler explained the applicant has proposed a subdivision of the existing property that would create three single-family residential lots. Each of the lots would have frontage on New Brighton Road and the property lines would extend to the eastern boundary of the site. The size of the lots would be 29,723 square feet, 41,802 square feet, and 53,593 square feet. The lots are expected to be developed with similarly sized homes. Each lot would have a private driveway on New Brighton Road. City Planner Bachler stated a Comprehensive Plan Amendment is required to change the designation of the property to Very Low Density Residential from its current designation as Public and Institutional. The Very Low Density Residential classification allows for single- family residential development at a density of 1.5 to 3 units per acre. To summarize, Planning Case 18-013 includes the following requests: • Preliminary and Final Plat to subdivide property into three single-family residential lots. • Comprehensive Plan Amendment to change future land use classification from Public and Institutional to Very Low Density Residential. City Planner Bachler reviewed the site data, Plan Evaluation and offered a detailed summary of the Zoning Regulations review. Staff requested the Council hold a public hearing for Planning Case 18-013. Councilmember Holden asked if any environmental studies had been completed on this property. City Planner Bachler indicated he was not aware of any environmental studies that have been completed for this property. Councilmember Holmes requested further information regarding the Comprehensive Plan Amendment. ARDEN HILLS CITY COUNCIL – MAY 29, 2018 6 City Planner Bachler reported the Applicant was proposing to change the future land use designation from Public and Institutional to Very Low Density Residential. He provided further comment on how the City defined Very Low Density Residential. Councilmember Holmes asked if the zoning of this property was R-2 and inquired if this would remain the same. City Planner Bachler stated the property was zoned R-2 District and the proposal did not require a change to the zoning. Councilmember McClung questioned what the City had planned for this site in the 2040 Comprehensive Plan. City Planner Bachler stated the draft 2040 Comprehensive Plan has the property designated as Very Low Density Residential but noted this would not come into effect until the Met Council approves the City’s plan. Mayor Grant opened the public hearing at 7:47 p.m. Tracy Timp, 1901 Jerrold, stated she appreciated the fact the Council had pressed this issue and was changing this development from four houses to three. With no one coming forward to speak, Mayor Grant closed the public hearing at 7:49 p.m. 10. NEW BUSINESS A. Planning Case 18-013 – Comprehensive Plan Amendment and Preliminary and Final Plat – 3246 New Brighton Road City Planner Bachler stated the Staff Report for this item was presented to the Council under Item 9A. It was noted the City Council must make a finding as to whether or not the proposed application would adversely affect the surrounding neighborhood or the community as a whole based on the aforementioned factors. Staff offers the following findings for consideration: 1. The property at 3246 New Brighton Road is located in the R-2 – Single and Two-Family Residential Zoning District. 2. The subject property is 125,118 square feet, or approximately 2.8 acres, in size. 3. The subject property is currently comprised of the former Lake Johanna Fire Station 1 building, a detached garage, and parking areas. 4. The Johanna Station 1 subdivision is proposed as R-2 – Single and Two-Family Residential District. 5. The R-2 – Single and Two Family Residential District permits up to five (5) residential units per acre. 6. The applicant has requested a Preliminary and Final Plat in order to subdivide the property into three (3) single-family residential lots. ARDEN HILLS CITY COUNCIL – MAY 29, 2018 7 7. The proposed Lake Johanna Station 1 development is proposed at approximately 2.01 units per net acre. 8. The Arden Hills 2030 Comprehensive Plan designates the future land use of the subject property as Public and Institutional. 9. The applicant has requested a Comprehensive Plan Amendment to change the future land use designation of the property to Very Low Density Residential. 10. The Arden Hills 2030 Comprehensive Plan defines Very Low Density Residential as, “traditional single-family residential land use category. A density range of 1.5 to 3 units per acre.” 11. The adjacent properties to the north, east, west and south are zoned R-2 District and are guided for Low Density Residential uses in the Arden Hills 2030 Comprehensive Plan. 12. The proposed Comprehensive Plan Amendment would be consistent with adjacent land uses and the goals included in the Land Use chapter of the Arden Hills 2030 Comprehensive Plan. 13. The proposed Johanna Station 1 subdivision meets the Minimum Subdivision Design requirements included in Section 1130 of the City Code. 14. The proposed Johanna Station 1 subdivision meets or will be required to meet the Required Improvements for subdivisions included in Section 1140 of the City Code. 15. The proposed development requires public use dedication, as required in Section 1130.08 of the City Code. 16. The park dedication requirement for this application is ten (10) percent of the buildable land area in the subdivision or a park development fee of $6,500 per unit. Ten percent of the development would be 0.28 acres which would not allow for a feasible park area. The park development fee of $6,500 per unit will be applied in this case. 17. The proposed development meets the minimum district requirements for the R-2 Zoning District. City Planner Bachler stated that if a motion to approve is made, staff would recommend that the following eighteen (18) conditions be included in the motion: 1. The project shall be completed in accordance with the submitted plans as amended by the conditions of approval. Any significant changes to these plans, as determined by the City Planner, shall require review and approval by the Planning Commission and City Council. 2. The execution of the Final Plat shall be contingent upon the Metropolitan Council’s approval of the Comprehensive Plan Amendment. 3. A Development Agreement shall be prepared by the City Attorney and subject to City Council approval. The Development Agreement shall be executed prior to the execution of the Final Plat. 4. The applicant shall submit a park dedication fee in the amount of $19,500, subject to the approval of the City Council. The park dedication fee shall be submitted prior to the execution of the Final Plat. 5. The applicant shall file the Final Plat with the Ramsey County Recorder and provide the City with a recorded copy within sixty (60) days of approval. ARDEN HILLS CITY COUNCIL – MAY 29, 2018 8 6. The applicant shall address all comments included in the memo provided by the Public Works Director/City Engineer dated May 22, 2018 prior to the issuance of any development permits. 7. The applicant shall provide the City with a copy of the approved Rice Creek Watershed District Permit prior to the issuance of any development permits. 8. Final grading and drainage plans shall be subject to approval by the City Engineer prior to the commencement of any construction on the site. 9. The applicant shall provide a minimum of three (3) trees in the front yard of each lot. Coniferous trees must be at least six (6) feet in height and deciduous trees a diameter of two and one-half (2.5) inches. 10. The applicant shall provide a Tree Preservation Plan that provides for the required 82 caliper inches of replacement trees on site. If the City determines that there is not sufficient space on site for the replacement tree plantings, the applicant shall work with the City to find an alternative off-site location or a fee in lieu of the replacement tress will be required equaling the cost of materials and installation plus ten percent, as determined by the City Council. 11. Before construction, grading, or land clearing begins, trees or tree areas that are to be preserved shall be visibly marked and city-approved tree protection fencing or other method shall be installed and maintained at the critical root zones of the trees to be protected. 12. A Letter of Credit in the amount of 125 percent of the cost of materials and installation for the required replacement tree plantings shall be provided prior to the issuance of any development permits. The Letter of Credit shall be valid for two full years from the date of installation of the replacements trees. 13. Survey monuments shall be placed and installed at all block corners, angle points, points of curves in streets, and at intermediate points as shown on the Final Plat. Pipes or streel rods shall be placed at the corners of each lot. 14. Wetland monument signs will be required to adequately define the wetland buffer area, subject to the approval of the Public Works Director. 15. Sewer and water for the subdivision shall be obtained by connections to the City water and sewer systems. Extension of City services shall be subject to review and approval by the City Engineer and all associated costs shall be the responsibility of the developer. 16. A grading as-built and utility as-built plan shall be provided to the City upon completion of grading and utility work. 17. The project may require permits, including, but not limited to, MPCA-NPDES, Rice Creek Watershed District, Minnesota Department of Health, MPCA- Sanitary Sewer Extension, Ramsey County and City Right of Way, and City Grading and Erosion Control permits. Copies of al issued permits shall be provided to the City prior to the issuance of any development permits. 18. The developer shall comply with all other applicable provisions of the City Code and its related Ordinances. MOTION: Councilmember Holden moved and Councilmember McClung seconded a motion to approve Planning Case 18-013 for a Preliminary Plat, Final Plat, and Comprehensive Plan Amendment at 3246 New Brighton Road, based on ARDEN HILLS CITY COUNCIL – MAY 29, 2018 9 the findings of fact and the submitted plans, as amended by the eighteen (18) conditions in the May 29, 2018 Report to the City Council. Councilmember Scott asked how the reduced density would impact the affordability for these homes. Councilmember Holden indicated the Council was being asked to approve a lot split and land use change. She commented the affordability factor for these homes was not under consideration. Blake Huffman, Journey Home representative, reported the economics of the project did change when the number of homes was reduced from four to three. However, it was his hope the three homes would remain affordable. The motion carried (5-0). B. Planning Case 18-010 – 4061 Lexington Avenue North – Site Plan Review City Planner Bachler stated Primrose Schools is a national system of accredited private preschools that provide child care and early education. There are currently over 300 centers nationally, including 17 locations in the Minneapolis-St. Paul metro area. Primrose is considering purchasing the property located at 4061 Lexington Avenue North for a new daycare center and has requested a Site Plan Review in order to complete site modifications. The subject property is currently owned by Bremer Bank and includes an approximately 18,000 gross square foot, two- story bank and office building. The site also has a teller drive-up lane on the south side of the building and a drive-up ATM located on the north side of the parking lot. City Planner Bachler reported Primrose would complete extensive renovations to the interior of the building for the daycare center. This would include constructing seven rooms for young infants, toddlers, and early preschool on the first floor and five rooms for preschool, pre- kindergarten, and explorers (school-aged children) on the second. The basement floor would be utilized for food preparation, staff space, a conference room, and storage. The design capacity would be for up to 176 children. No additions to the existing structure are proposed at this time and Primrose would only be completing minor modifications to the building’s exterior, such as installing new doors. City Planner Bachler commented in terms of the exterior of the site, the most significant change would be the replacement of the parking stalls and drive lanes on the west and south side of the building with an approximately 13,500 square foot playground area. The proposed playground would include a variety of different types of equipment for different age groups, including play structures, swing sets, and a basketball hoop. City Planner Bachler explained the parking area on the north side of the building would be modified to include two one-way drive lanes with diagonal parking stalls. Two new parking lot islands would also be added to help better define the central row of parking. Six new parking ARDEN HILLS CITY COUNCIL – MAY 29, 2018 10 stalls would be constructed on the eastern side of the site directly south of the Lexington Avenue driveway. City Planner Bachler stated the site currently has access driveways on County Road F and Lexington Avenue and no modifications are proposed to these driveways at this time. The County Road F driveway has full access and the entrance on Lexington Avenue only allows right turns in and out of the site. Both roadways are owned and managed by Ramsey County. Ramsey County has recommended that the Lexington Avenue driveway be removed due to proximity to the County Road F intersection. As a recommended condition of approval, the applicant would be required to work with the County to resolve this issue. City Planner Bachler indicated an expanded sidewalk is proposed to provide safe pedestrian access to the center from the parking lot. Additionally, a new sidewalk would be constructed to connect the site to the existing sidewalk along Lexington Avenue. Other site modifications would include a new trash enclosure with brick veneer and a metal gate adjacent to the building within the northern parking area. City Planner Bachler reported new tree plantings would be added within the parking area on the north side of the building and along Lexington Avenue. A portion of the parking area on the south side of the building would be converted to turf grass and include tree plantings. Outside of the existing developed area, the majority of the property is forested with extensive tree coverage. The proposal would not impact this area except for the removal of five trees at the southeast corner of the development area. City Planner Bachler reviewed the Plan Evaluation and offered the following findings of fact for consideration: 1. The property located at 4061 Lexington Avenue North is located in the I-1 – Limited Industrial Zoning District and within Sign District 6. 2. The applicant has submitted a Site Plan Review application for modifications to the site for a new daycare facility serving more than 10 individuals with care. 3. The proposed daycare facility is a permitted use in the I-1 District. 4. The proposal does not include any additions or modifications to the footprint of the existing principal structure on the property. 5. The proposed exterior playground equipment is in conformance with the I-1 District Requirements for accessory structures. 6. The proposed site plan would be in conformance with the lot coverage requirements for the I-1 District. 7. The proposal is generally in conformance with the design standard requirements included in Section 1325.05 of the Zoning Code. 8. The existing parking lot does not include planting islands and the proposed site plan would increase the area of the parking lot occupied by planting islands to approximately 4.6 percent. The Zoning Code requires that 10 percent of the parking area be occupied by parking islands. ARDEN HILLS CITY COUNCIL – MAY 29, 2018 11 9. The proposed site plan meets the minimum requirements for parking, loading, and circulation in Section 1325.06 of the Zoning Code. 10. The applicant has proposed to retain and resurface the existing legal nonconforming freestanding sign at the intersection of Lexington Avenue and County Road F. 11. The proposal is not expected to adversely affect the surrounding area of the community as a whole. City Planner Bachler stated the Planning Commission recommended approval (4-0) of Planning Case 18-010 for a Site Plan Review at 4061 Lexington Avenue North, based on the findings of fact and the submitted plans in the May 29, 2018 Report to the City Council, as amended by the following ten (10) conditions: 1. The project shall be completed in accordance with the plans submitted as amended by the conditions of approval. Any significant changes to the plans, as determined by the City Planner, shall require review and approval by the Planning Commission and City Council. 2. A Grading and Erosion Control Permit shall be required prior to the commencement of the site modifications. 3. A Building Permit shall be required for the interior improvements and the trash enclosure. 4. A Zoning Permit shall be required for the fencing within the playground area. 5. A Sign Permit shall be required for any wall signage. 6. The existing pylon sign at the intersection of County Road F and Lexington Avenue may remain in place. The applicant shall work with staff to utilize the sign in conformance with the Sign Code. 7. The applicant shall work with Ramsey County to address the Lexington Avenue access driveway. 8. A Ramsey County Right-of-Way Permit shall be required for any work being completed in the County Road F or Lexington Avenue right-of-way. 9. A Letter of Credit in the amount of 125 percent of the cost of materials and installation of the landscaping improvements shall be provided prior to the issuance of any development permits. The Letter of Credit shall be valid for two full years from the date of installation of the landscaping improvements. 10. Before construction, grading, or land clearing begins, trees or tree areas that are to be preserved shall be visibly marked and city-approved tree protection fencing or other method shall be installed and maintained at the critical root zones of the trees to be protected. Councilmember Holden asked why the school would be called Primrose School of Shoreview. City Planner Bachler stated he believed the applicant was using Shoreview for marketing purposes even though it was located in Arden Hills. Councilmember McClung expressed concern with the ability to get fire trucks in and around this property. He feared the current circulation route would be problematic and inquired if this has been addressed by staff. ARDEN HILLS CITY COUNCIL – MAY 29, 2018 12 City Planner Bachler reported he had provided the site plan to the Fire Marshall and noted staff had not received any comments or concerns to date. He reported the plans would be further reviewed by staff and the Lake Johanna Fire Department when the applicant applies for a building permit. Mayor Grant invited the applicant to come forward. Josh McKinney, Sambatek, reported he would be more than willing to work with staff to ensure that the site had proper fire access. He addressed the sign question noting the applicant had done some market research and would prefer to have Shoreview on the sign versus Arden Hills for name recognition purposes. Councilmember Holden stated she was disturbed by the fact the sign would be labeled Shoreview and not Arden Hills. Mayor Grant commented the City could not require the applicant to place specific words on their sign, but he agreed this was an unfortunate situation. Councilmember Scott indicated the City operates one of its voting precincts in Shoreview. Councilmember Holmes stated it was not out of the ordinary for businesses to have a name for recognition purposes. Councilmember McClung explained the sign was insulting to the City of Arden Hills and reported he may now support a gateway sign at this corner. Councilmember Holden questioned if the City could ask for an easement for a gateway sign. City Attorney Jamnik reported the City could ask for an easement for a gateway sign. Mayor Grant anticipated Boston Scientific and Land O’Lakes would support a gateway sign at this corner. MOTION: Councilmember Holmes moved and Councilmember Holden seconded a motion to approve Planning Case 18-010 for a Site Plan Review at 4061 Lexington Avenue North, based on the findings of fact and the submitted plans, as amended by the ten (10) conditions in the May 29, 2018 Report to the City Council. Further discussion ensued regarding the proposed signage for Primrose School of Shoreview. Mayor Grant questioned if the Primrose School property had right-of-way available for a gateway sign. ARDEN HILLS CITY COUNCIL – MAY 29, 2018 13 City Planner Bachler reviewed an aerial of the property and noted the right-of-way available was County property. He explained the City would have to receive approval from the County to place a gateway sign within the right-of-way. He reported he would have to investigate this matter further before determining where a gateway sign could be located. Councilmember Holden asked where the Primrose monument sign would be located. City Planner Bachler clarified Primrose would not be pursuing a monument sign, but rather would be repurposing the existing pylon sign. Mayor Grant questioned if the Council could ask the applicant to move their pylon sign further to the south to make room for a gateway sign. City Attorney Jamnik advised the Council could make this request. Councilmember McClung inquired how precise a condition had to be worded and questioned if relocation of the pylon sign to the south in coordination with City staff would be sufficient. City Attorney Jamnik stated it would be best if the City knew the footprint for the easement on this corner for a gateway sign and where the pylon sign would be relocated. Councilmember McClung asked how much square footage the City would need for a gateway sign on this corner. Mayor Grant questioned what the approval timeline was for this Planning Case. City Planner Bachler stated the 60-day review deadline was June 22. He explained he would need to report back to the Council with more information on the approximate easement area along with the proposed size for this gateway sign. Mayor Grant believed the gateway sign at this corner should be rather sizeable, like the gateway sign on the triangle property with proper landscaping. Councilmember McClung agreed and stated he would like to see the Council review this matter further. Councilmember Holden questioned what the timeframe was for the applicant to complete this project. Mr. McKinney explained he would be revising his construction plans in order to address the fire lane concerns and was hoping to apply for a building permit as soon as possible in order to begin construction yet this summer. He asked that he be allowed to work with staff in order to determine a proper location for the gateway and pylon signs. He indicated he would be more than happy to speak with the franchisee about a name change. ARDEN HILLS CITY COUNCIL – MAY 29, 2018 14 Mayor Grant commented that even if a name change were made to the pylon sign, this was still a prime corner for a gateway sign for the City of Arden Hills. Councilmember Holmes stated she was quite disturbed by the fact the Council was discussing a gateway sign at this intersection. She questioned why this was being discussed out of the blue. Mayor Grant explained Arden Hills had three gateway signs at this time and was working towards having eight. While this corner was not previously recommended for a gateway sign, he reported this was a major intersection or corner that could benefit from having a gateway sign. Mr. McKinney commented his client had completed market research and this research recommended the franchise reference Shoreview and not Arden Hills. He stated he was simply presenting the wishes of his client. Mayor Grant indicated another intersection considered for a gateway sign was Lexington Avenue and County Road E. However, a gateway sign was not doable at this intersection due to the utilities at this corner. He stated the next best option would be this intersection. Councilmember Holmes suggested the gateway sign portion of this discussion be moved to a future worksession meeting. Mayor Grant agreed it would be difficult for the Council to design a gateway sign from the bench. For this reason, he supported this item being discussed at a future worksession meeting as well. Councilmember McClung supported the Council not making a decision on the gateway sign this evening. He suggested this Planning Case be delayed in order to provide the Council with an adequate amount of time to further consider the gateway sign location at an upcoming worksession meeting. Mayor Grant commented if the City were not to get an easement for a gateway sign at this time, while the property was being redeveloped, the opportunity would be lost. Councilmember Holden stated the reason the applicant may be keeping the pylon sign was for increased visibility. She noted the applicant could always reconsider their monument sign request. Mr. McKinney commented on the findings from a visibility study and discussed how moving the pylon sign from its current location would impact the visibility from the two major County roads. He explained he had concerns with relocating the pylon sign given the location of the overhead power lines. In addition, he feared it would be difficult to receive approval from the County to install a monument sign at this intersection due to visibility concerns. Mayor Grant asked if the existing pylon sign was located in County right-of-way. ARDEN HILLS CITY COUNCIL – MAY 29, 2018 15 City Planner Bachler reported the pylon sign was not within County right-of-way. Councilmember Holmes questioned if the Council would require the current pylon sign to be moved. Mayor Grant commented this would be required if a gateway sign were pursued. Councilmember Holmes inquired if the City could require the pylon sign to be moved given the fact it was already non-conforming. City Planner Bachler stated the property owner could not relocate the sign given the fact that it was non-conforming. However, whether the City could require this was a question for the City Attorney. City Attorney Jamnik advised this was a site plan review. He reported the applicant was making substantial changes to the property noting changes were also being made to the parking lot. For this reason, it would not be unreasonable to impose requirements. Mr. McKinney commented that movement of the pylon sign would be something he would have to discuss with his client. He stated the current location was something the client liked about this property. He anticipated a monument sign may be pursued by his client if the City were to require the pylon sign to be moved. Mayor Grant supported this item going back to staff for further work with the applicant to address the signage concerns and a potential gateway sign. Councilmember Holden stated she did not have a problem with the existing pylon sign location. She indicated it would be quite a burden for the applicant to relocate the sign and move the electricity. She questioned what direction the Council was trying to provide to staff. Mayor Grant commented he did not want to see the City pursue a gateway sign for this intersection and have it be crowded by the existing pylon sign. He stated he would like staff to investigate the potential for a gateway sign at this intersection further prior to the Council taking action on this Planning Case. City Planner Bachler summarized the direction from Council noting he would be willing to work with the applicant and investigate the amount of space that would be needed for a gateway sign similar to the one located on the triangle property. Mr. McKinney asked if the Council would be having the same discussion if he would have walked in to the meeting and called this business Primrose at Arden Hills. He stated he did not believe the gateway sign issue would have been discussed. Councilmember Holden commented she believed the conversation would have come up because the redevelopment of this corner created an opportunity for the City to consider a ARDEN HILLS CITY COUNCIL – MAY 29, 2018 16 gateway sign. She discussed how important Land O’Lakes and Boston Scientific were to the City and noted both were located adjacent to this intersection. Mr. McKinney reported his client would be coming into the City and would be spending millions of dollars to renovate this property, bringing it to a better and higher use. In addition, the new business would be drawing people from all over the community to Arden Hills. Councilmember Holmes commented she was of the opinion if the sign had stated Primrose of Arden Hills, the Council would not be discussing a gateway sign. However, she noted that the applicant would not be responsible for building the gateway sign, but rather would only be providing the City with an easement. Mc. McKinney stated he would support considering an easement with his client and City staff. He requested the Council not hold up this project based on an idea that had not been considered by the Council until this evening. He suggested the Council create a condition for approval that would direct staff to create an easement for the property and that construction not be further delayed. Mayor Grant indicated he still supported the Council delaying action on this item to the June 11 City Council meeting. He stated he would like the City to better define the easement prior to granting approval of the Planning Case. Councilmember Holmes did not agree. Councilmember McClung commented the 60-day deadline of June 22 was the first 60 days and noted this could be extended an additional 60 days by the City if deemed necessary. He stated he was not encouraging this but explained the City did have time to do their due diligence. Mayor Grant asked if staff believed they would have enough time to come back to the Council with a recommendation on the gateway sign easement by June 11. City Planner Bachler stated staff could complete the work on their end and would have to ensure the applicant was in agreement with the direction the City was heading. Mr. McKinney commented he would be willing to work with the City to resolve this matter. Councilmember Holmes requested staff speak with the Fire Marshall regarding access in and around the site and have a report regarding this matter at the June 11 meeting. Councilmember Holden indicated she could support approval of this Planning Case tonight with conditions addressing the fire lane concerns and the easement for a gateway sign being addressed by staff and the applicant. Mayor Grant recommended that the item be delayed in order to provide staff with an adequate amount of time to review the issues. ARDEN HILLS CITY COUNCIL – MAY 29, 2018 17 MOTION: Mayor Grant moved and Councilmember McClung seconded a motion to table action on Planning Case 18-010 to the June 11, 2018 City Council meeting. The motion carried 4-1 (Councilmember Holmes opposed). 11. UNFINISHED BUSINESS None. 12. COUNCIL COMMENTS Councilmember Scott thanked Roberta Thompson for her 12 years of dedicated service on the Planning Commission and PTRC. He noted Ms. Thompson was a pleasure to work with and wished her well in her move. He explained the Planning Commission had several vacant seats at this time and encouraged those interested in serving with this group to contact City Hall for further information. Councilmember Scott reported the month of May was Military Appreciation Month. He discussed a Military Appreciation event that was held in Arden Hills and thanked all who were able to attend this wonderful event. Councilmember Scott noted he recently visited the Minnesota History Center and encouraged the public to visit this valuable local attraction. Councilmember Scott indicated he attended the Public Works recognition luncheon last week, along with Councilmembers Holden and Councilmember Holmes. Councilmember Scott stated he completed a shift at Feed my Starving Children last Friday. He thanked all of the students who were able to volunteer at this event. Councilmember Scott reported he attended the Memorial Day events put on by Fort Snelling National Cemetery on Sunday afternoon. Councilmember McClung stated he served with Roberta Thompson for a number of years and he explained the Planning Commission would greatly miss her contributions. He wished her well in her move to Wisconsin. Councilmember McClung thanked the first responders for the great service they provided at a recent drowning at Tony Schmidt Park. He encouraged the public to thank its First Responders for the great service they provide to the community. Councilmember Holmes thanked Roberta Thompson for her dedicated service to the City of Arden Hills. ARDEN HILLS CITY COUNCIL – MAY 29, 2018 18 Councilmember Holmes stated she had a nice time at the Public Works recognition luncheon and thanked the Public Works crew for all of their hard work. Councilmember Holden thanked Roberta Thompson for the wonderful work she provided the City on the Planning Commission and PTRC over the years and wished her well. Councilmember Holden questioned if the Planning Commission minutes needed to state the findings and conditions for approval. She indicated this was a duplication given the fact this information was available within the Staff Report. Mayor Grant commented the Council could discuss this matter at a future worksession meeting. Mayor Grant stated he has been on the City Council since 2000 and has served with Roberta Thompson through a variety of committees. He explained he appreciated Ms. Thompson’s professionalism, willingness to serve and dedication to the City. Mayor Grant discussed the event that occurred at Tony Schmidt Park and commented on an exciting opportunity (Pulse Point) that would be coming to the City. Mayor Grant commented on the trees that had been lost along County Road 96 and requested the City require more from the contractors to ensure trees are properly maintained. Mayor Grant explained Hot Dog with a Deputy would be held on Wednesday, May 30 from 11:30 a.m. to 12:30 p.m. for the City Council. Mayor Grant noted he received an invitation to the 147th Financial Management Support Detachment Deployment Ceremony on Saturday, June 16. He encouraged the entire City Council to attend this event. ADJOURN MOTION: Councilmember Holden moved and Councilmember Holmes seconded a motion to adjourn. The motion carried unanimously (5-0). Mayor Grant adjourned the Regular City Council Meeting at 9:23 p.m. __________________________ __________________________ Julie Hanson David Grant City Clerk Mayor Page 1 of 1 CONSENT ITEM 7A MEMORANDUM DATE: June 25, 2018 TO: Honorable Mayor and City Councilmembers Dave Perrault, City Administrator FROM: Gayle Bauman, Finance Director Pang Silseth, Accounting Analyst SUBJECT: Claims & Payroll Budgeted Amount: Actual Amount: Funding Source: NA NA NA Council Should Consider the Following Options: A.Approve Claims and Payroll Or B.Reject Claims and Payroll Supporting Documents: Payroll 2018 Payroll #12 ....................................................................................... $ 81,469.68 Total Payroll ....................... $ 81,469.68 Accounts Payable Claims Through 06/22/2018 Paid Claims (MN Dept. of Revenue) ............................................................................ $ 16.00 Paid Claims---06/09/2018 thru 06/22/2018 (Check No 47599 – 47633 and ACH Checks) .......................................... $ 520,068.22 Total Accounts Payable ..... $ 520,084.22 Total Claims ..... $ 601,553.90 CITY OF ARDEN HILLS PAYROLL # 10 CHECKS DATED: 06/15/18 Biweekly: 05/26/18 - 06/08/18 EMPLOYEE DEDUCTIONS AMT.Payment Method FIT 5,725.34 EFT SIT 2,880.02 EFT FICA Oasdi 4,264.57 EFT FICA Medicare 997.36 EFT TOTAL TAXES 13,867.29 Health Premium 1,460.91 A/P Check* Dental Premium 243.53 A/P Check* FSA Health Care Reimb. 0.00 A/P Check* FSA Dependent Care Reimb. 208.33 A/P Check* TOTAL FLEXIBLE SPENDING 1,912.77 HSA Health Saving 175.00 Health Care Savings Plan-Retirement EFT Health Care Savings Plan-2% 385.41 EFT Health Care Savings Plan-4% 515.44 EFT TOTAL HEALTH SAVINGS 1,075.85 PERA 3,788.07 EFT ICMA 3,788.07 EFT Central Pension Fund-Union 614.40 A/P Check* MN State Retirement System EFT TOTAL RETIREMENT 8,190.54 IUOE 49 Dues (Union) 138.00 A/P Check* LTD/STD Insurance 0.00 A/P Check* PERA Life Insurance 24.00 A/P Check* Life/Addl/Dep Life 78.00 A/P Check* UNUM 19.51 A/P Check* AFLAC 64.56 EFT TOTAL VOLUNTARY 324.07 Total Employee Deductions 25,370.52 Net Payroll 0.00 Direct Deposit 48,718.00 EFT Gross Payroll Tie-Out 71,488.90 STD/LTD Gross - Up Plus City Paid Benefit 9,980.78 ICMA Benefit Held 0.00 TOTAL PAYROLL COST 81,469.68 FICA TIE-OUT Gross Payroll 71,488.90 Less Total FSA 1,912.77 Plus Employer Match ICMA 0.00 Plus ICMA Benefit Held 0.00 Net P/R Subject to FICA 69,576.13 FICA Oasdi @ 6.20% 4,264.57 FICA Medicare @ 1.45% 997.36 Note: Federal and State Payroll Tax obligations are satisfied by means of utilizing the "Taxtel" Electronic Tax Deposit Service. Trans- fers are typically made two business days after the payroll date. * A/P Checks can be found on the ACCOUNTS PAYABLE Check Approval report. Checks may be paid this week or the following week. 0.00 4,718.85 0.00 4,370.85 348.00 0.00 0.00 CITY BENEFIT 4,264.57 997.36 5,261.93   Accounts Payable User: Printed: pang.silseth 6/21/2018 10:05 AM Checks by Date - Summary by Check Date Check No Check DateVendor NameVendor No Check Amount 0602 US BANK 06/13/2018 3,855.28ACH 3,855.28Total for 6/13/2018: 0230 MTI Distributing Co.06/14/2018 206.51ACH 0292 Oxygen Service Company, Inc.06/14/2018 47.12ACH 0319 City of Roseville 06/14/2018 622.00ACH 0382 ICMA Retirement Trust - 106944 06/14/2018 649.60ACH 0387 ICMA Retirement Trust- #302482 06/14/2018 886.85ACH 11025 Kyle Mork 06/14/2018 240.00ACH 11027 David Seeba 06/14/2018 240.00ACH 11030 Ted Jewell 06/14/2018 144.00ACH 11033 Aaron Walton 06/14/2018 120.00ACH 1110 Pitney Bowes 06/14/2018 1,000.00ACH 1330 MN CLN SERVICES LLC 06/14/2018 4,651.58ACH 2645 Federal Signal Corporation 06/14/2018 350.00ACH 4889 Community Footworks 06/14/2018 280.00ACH 5596 Jamar Company 06/14/2018 20.09ACH 7025 On Site Companies -OSSTC 06/14/2018 70.00ACH 7501 Kelly & Lemmons, P.A.06/14/2018 3,495.99ACH 8870 Chet's Shoes 06/14/2018 375.00ACH JOHC Johnson Controls 06/14/2018 1,868.04ACH 5359 American Soccer Company, Inc.06/14/2018 397.5047599 0131 Beisswenger's How-To Store 06/14/2018 95.6947600 0376 FSSolutions 06/14/2018 337.5047601 1119 Gertens 06/14/2018 1,698.0047602 6694 Gopher Sport 06/14/2018 753.7547603 0390 INT'L Union Operating Engineers-Union Dues06/14/2018 276.0047604 1440 Lan, Hongyi 06/14/2018 480.0047605 8170 Michels Pipe Services 06/14/2018 44,642.0047606 1058 MIDC Enterprises 06/14/2018 263.3847607 1900 Mounds View Public School District 06/14/2018 59.4047608 10202 Murlowski Properties Inc 06/14/2018 603.0047609 10214 Charlie Pederson 06/14/2018 35.3447610 1208 Premium Waters, Inc 06/14/2018 367.1447611 0925 T-Mobile 06/14/2018 28.7047612 65,304.18Total for 6/14/2018: 0192 Grainger, Inc 06/22/2018 192.21ACH 0210 Kath Fuel Oil Service 06/22/2018 55.50ACH 0230 MTI Distributing Co.06/22/2018 413.64ACH 0242 Met Council Environ. Service-SAC 06/22/2018 4,920.30ACH 0285 Xcel Energy 06/22/2018 1,788.34ACH 0320 Health Partners 06/22/2018 12,782.25ACH 0549 Able Hose & Rubber 06/22/2018 60.22ACH 0576 TimeSaver Off Site Secretarial 06/22/2018 722.25ACH Page 1AP Checks by Date - Summary by Check Date (6/21/2018 10:05 AM) Check No Check DateVendor NameVendor No Check Amount 0750 Verizon Wireless 06/22/2018 1,018.20ACH 0922 North Suburban Access Corporation 06/22/2018 257.40ACH 1363 Water Conservation Service, Inc.06/22/2018 979.06ACH 3698 Shaila Cunningham 06/22/2018 976.00ACH 5180 Tessman Seed Co.06/22/2018 476.00ACH 5596 Jamar Company 06/22/2018 435.50ACH 5665 Metering & Technology Solution 06/22/2018 2,023.80ACH 6129 Fast Signs 06/22/2018 40.90ACH 7506 Presbyterian Homes of Arden Hills, LLC 06/22/2018 15,000.00ACH 8870 Chet's Shoes 06/22/2018 125.00ACH ALPI Allegra Print & Imaging 06/22/2018 1,547.47ACH CANON Canon Financial Services 06/22/2018 1,429.50ACH 0243 Metropolitan Council-Waste Water 06/22/2018 66,192.79ACH 1252 Campbell Knutson - Attorneys at Law 06/22/2018 7,748.40ACH 8029 MMKR & Co, PA 06/22/2018 20,520.00ACH toii Tokle Inspections, Inc 06/22/2018 8,641.60ACH FPTC Flexible Pipe Tool Company 06/22/2018 452.55ACH 4050 Advanced Engineering and Enivornmental Services06/22/2018 1,800.0047613 0131 Beisswenger's How-To Store 06/22/2018 22.9947614 10201 Carmichael Decorating, Inc 06/22/2018 5,905.0047615 0651 CDW Government, Inc.06/22/2018 612.2047616 0154 Cemstone Products Co.06/22/2018 2,398.0047617 6482 Chuckwagon Catering 06/22/2018 500.0047618 1033 Comcast 06/22/2018 6.2947619 0841 Ehlers & Associates, Inc.06/22/2018 2,400.0047620 1193 Further 06/22/2018 51.7047621 IDAI Ideal Advertising, Inc 06/22/2018 248.5047622 0879 Lexington Floral, Inc.06/22/2018 91.2247623 0778 MCFOA 06/22/2018 90.0047624 10204 Midwest Safety Counselors, Inc 06/22/2018 560.2847625 10202 Murlowski Properties Inc 06/22/2018 450.0047626 6252 Office Depot 06/22/2018 134.5947627 0383 Pitney Bowes Inc 06/22/2018 19.5447628 6748 Reliance Standard 06/22/2018 1,375.7747629 5031 S & S Worldwide 06/22/2018 858.8747630 0327 Staples Business Advantage 06/22/2018 519.9347631 0841 Ehlers & Associates, Inc.06/22/2018 13,233.7547632 0495 Lake Johanna Fire Department Inc.06/22/2018 270,831.2547633 450,908.76Total for 6/22/2018: Report Total (79 checks): 520,068.22 Page 2AP Checks by Date - Summary by Check Date (6/21/2018 10:05 AM) CONSENT ITEM – 7B MEMORANDUM DATE: June 25, 2018 TO: Honorable Mayor and City Councilmembers Dave Perrault, City Administrator FROM: Gayle Bauman, Finance Director SUBJECT: Approve 2017 City Financial Statements & Audit Budgeted Amount: Actual Amount: Funding Source: N/A N/A N/A Council Should Consider Motion to accept the 2017 City of Arden Hills financial report and audit results as presented. Background/Discussion The 2017 financial statements and audit results are completed and a presentation is scheduled to be made to the City Council by the City’s auditor, Aaron Neilson of MMKR, as previously noted in a preceding agenda item. Page 1 of 2 DATE: June 25, 2018 TO: Honorable Mayor and City Councilmembers David Perrault, City Administrator FROM: Sue Polka, Public Works Director/City Engineer SUBJECT: Colleen Avenue Drainage Improvements Proposal for Preliminary and Final Design Services Budgeted Amount: Actual Amount: Funding Source: N/A $42,142.00 Surface Water Fund Council Should Consider Accept proposal for design services from Bolton & Menk for design of the Colleen Avenue Drainage Improvements in the amounts not to exceed $42,142.00. Background/Discussion During the design of the 2018 Street and Utility Improvement project, particularly Indian Oaks Court and Indian Oaks Trail, it was determined that additional storm water modeling was necessary to solve potential neighborhood flooding during the 100-year storm event. The City Council authorized WSB to complete the study (Attachment A). The report recommends installation of the following improvements: • 21” RCP outfall with outlet control structure from the Indian Oaks Wetland (pond located south of Indian Oaks Court) • Upsize the existing 12” pipe from Indian Oaks Court that connects to the existing storm sewer catch basin in Colleen Avenue with a 24” HDPE pipe. • Upsizing the existing 15” storm pipe in Colleen Avenue with a 24” inch pipe • Directionally drill an 18” HDPE adjacent to the existing 15” outfall. Due to the condition of the 15” pipe, this entire portion of pipe will have to be replaced. • Replace the outlet control structure at the wetland north of Colleen with a 27” discharge pipe and 24” culvert. CONSENT ITEM – 7C MEMORANDUM Page 2 of 2 Staff requested proposals for design from two firms. Staff has reviewed the proposals and is recommending that the City Council accept the proposal as presented by Bolton & Menk. A summary of the proposals is shown in the following table: FIRM Design Services Bolton & Menk $42,142.00 WSB $44,350.00 Funding for this project is proposed to be paid for from the Surface Water Fund. Attachments Attachment A: WSB Drainage Report Attachment B: Bolton & Menk Proposal – Colleen Avenue Drainage Improvements 701 Xenia Avenue South | Suite 300 | Minneapolis, MN 55416 | (763) 541-4800 Building a legacy – your legacy. Equal Opportunity Employer | wsbeng.com Memorandum To: Sue Polka, PE, City of Arden Hills From: Matt Schulz, EIT, WSB & Associates, Inc. Jake Newhall, PE, WSB & Associates, Inc. Jim Stremel, PE, WSB & Associates, Inc. Date: March 12, 2018 Re: City of Arden Hills - 2018 Street and Utility Improvement Project (2018 PMP Project) Indian Oaks Area Downstream Drainage Review WSB Project No. 010111-000 WSB & Associates, Inc. has completed the initial drainage investigation downstream of the Indian Oaks wetland for the Arden Hills 2018 PMP project. I. PURPOSE AND H&H MODELING The City of Arden Hills is planning to reconstruct Indian Oaks Court and Indian Oaks Trail during the 2018 construction season. HydroCAD analysis completed during the project design phase shows the existing condition 100-year storm event will likely result in flooding to properties adjacent to the wetland south of Indian Oaks Court, here-in referred to as “IOC Wetland”, and will likely result in flooding to properties adjacent to the rock landscape ponding area along the IOC Wetland’s outlet between Indian Oaks Court and Colleen Avenue, here-in referred to as “Ponding Area”. See Attachment A for a location map or Figure 1. This drainage review was authorized by the City to evaluate increased peak flow rates downstream of the IOC Wetland and Ponding Area to further reduce the flooding risks to the adjacent residents. The analysis determined if increasing peak discharge rates leaving the IOC Wetland would cause any detrimental impacts downstream. Modifications to downstream drainage systems, in order to accommodate an increase in peak discharge rate, were also explored. This memorandum addresses a feasibility level study and does not include design level planning and analysis. IOC Wetland The IOC Wetland has been previously observed to overflow its banks and inundate the adjacent properties as well as Indian Oaks Court. Flooding risks are proposed to be reduced by lowering the Wetland outlet, reducing the permanent water level, and increasing available live storage area. This improvement will reduce flooding risks but when coupled with maintaining existing peak discharge rates, does not provide adequate capacity to provide any freeboard between the 100-year flood level and the low opening elevation of the home at 1416 Indian Oak Court. Ponding Area As part of the initial Arden Hills 2018 PMP project stormwater analysis, it was discovered that the Ponding Area is also susceptible to flooding. Reduction of flooding risk at this area was also evaluated as part of this drainage study. The Arden Hills 2018 PMP project currently proposes to reconstruct the storm sewer through this location and install additional inlets to reduce flooding potential. These improvements would also keep stormwater in the pipes instead of daylighting to the surface as it does today. City of Arden Hills - Indian Oaks Area Downstream Drainage Review March 12, 2018 Page 2 Building a legacy – your legacy. Equal Opportunity Employer | wsbeng.com II. STUDY AREA The study area is generally defined as the area along Colleen Avenue between James Avenue and Norma Avenue and the downstream flow path area bound by the Townhomes at Arden Hills, Colleen Ave, McClung Dr, Snelling Ave, Royal Hills Dr, and Arden View Dr. The downstream study area, Ponding Area, and IOC Wetland are illustrated Figure 1 in red, green, and blue, respectively. Figure 1. Downstream Study Area III. MODELING AND FINDINGS Stormwater modeling was completed using XP-SWMM and HydroCAD software. All drainage areas tributary to the study area were evaluated during modeling. The extents of the drainage area tributary to the downstream study area and upstream drainage patters are shown in Figure 2. Analysis was completed on feasibility analysis scale focusing on key discharge points, ponding areas, and conveyance systems. Field survey of some critical downstream locations was completed, including cross sections of the downstream channel between Arden Vista Ct/ Royal Hills Dr and Colleen Ct/ McClug Drive, emergency overflows, house low opening elevations, downstream storm sewer sizes and inverts including along Colleen Avenue and near the Royal Hills Drive and Snelling Ave intersection, etc. City of Arden Hills - Indian Oaks Area Downstream Drainage Review March 12, 2018 Page 3 Building a legacy – your legacy. Equal Opportunity Employer | wsbeng.com Figure 2. Tributary Drainage Area An XP-SWMM model of the downstream drainage system and entire tributary drainage area was compiled to investigate the effects of increasing discharge rates from the IOC Wetland. The model indicated that downstream highwater levels adjacent to residential properties may be affected by increasing rates. 15”, 18”, and 21”/24” combination discharge pipe sizes were used to evaluate increasing peak discharge rates from the IOC Wetland. Analysis of larger diameter pipes was determined to increase downstream discharge rates too substantially to the downstream system to be considered for a design option. Through evaluation of the downstream flow path, we determined that increased discharge rates could be mitigated in the wetland located just north of Colleen Avenue, here-in referred to as “Colleen Wetland”. The Colleen Wetland sits substantially lower than the adjacent properties. A bituminous trail from Colleen Avenue and Arden View Drive traverses the downstream flow path with an 18” culvert as the outlet. The existing condition models indicate that stormwater overtops the trail during the 10-year and 100-year storm event. The Colleen Wetland and trail crossing provide an opportunity for potential improvements to temporarily detain stormwater to reduce discharge rates. See Figure 3 for the location of the Colleen Wetland and trail crossing. HydroCAD was utilized to analyze this area and upstream drainage. City of Arden Hills - Indian Oaks Area Downstream Drainage Review March 12, 2018 Page 4 Building a legacy – your legacy. Equal Opportunity Employer | wsbeng.com Figure 3. Colleen Wetland and Trail Crossing IV. DOWNSTREAM DRAINAGE IMPROVEMENTS A 15”, 18”, and 21”/24” combination discharge pipe from the IOC Wetland and Ponding Area was analyzed and considered in evaluating the necessary downstream improvements. The 2-, 10-, and 100- year NOAA Atlas-14 storm events were analyzed. The proposed improvements necessary to increase peak discharge rates from the IOC Wetland to provide additional protection are described below. Attachment A shows the location of the proposed improvements for the 18” and 21”/24” discharge pipe options. A summary table of the analysis results is provided in Attachment B showing the highwater levels and peak discharge rates at key locations. This table also lists the critical elevations where flooding of adjacent properties would potentially occur. 15” Option The following summarizes the proposed 15” discharge pipe improvements: - Install 15” HDPE pipe from Indian Oaks Court to Colleen Avenue. Connect to the existing manhole in Colleen Avenue. - Re-establish the emergency overflow (EOF) between the Ponding Area and Colleen Avenue and EOF north of the Colleen Avenue sag to 1’ below the adjacent house low opening. The 15” discharge pipe option results in a 100-year high water level elevation in the IOC Wetland and Ponding Area of 962.52 and 961.71, respectively. The 15” option provides similar discharge results to existing and does not warrant additional downstream improvements. 18” Option The following summarizes the proposed 18” discharge pipe improvements: City of Arden Hills - Indian Oaks Area Downstream Drainage Review March 12, 2018 Page 5 Building a legacy – your legacy. Equal Opportunity Employer | wsbeng.com - 18” RCP outfall with outlet control structure from IOC Wetland - 18” HDPE pipe from Indian Oaks Court to Colleen Avenue - 18” RCP along Colleen Avenue - Install Additional Inlet at Colleen Avenue Sag for revised sewer configuration and to improve roadway ponding. - Directional drill 12” DR-17 HDPE parallel to existing 15” RCP. Directional drilling new storm sewer will minimize disturbance to adjacent properties and avoid excavation conflicts with utilities and timber retaining wall. See Figure 4 (below). - Re-establish the emergency overflow (EOF) between the Ponding Area and Colleen Avenue and EOF north of the Colleen Avenue sag to 1’ below the adjacent house low opening. - Provide additional riprap at storm sewer outfall to Colleen Wetland. - Raise bituminous trail grade adjacent to the Colleen Wetland to 932.80 at EOF (Approximately 200ft of trail improvements). - Outlet control structure with 27” discharge pipe for Colleen Wetland rate control and 18” culvert - Pavement removal/replacement and other associated work. The 18” discharge pipe option results in a 100-year high water level elevation in the IOC Wetland and Ponding Area of 962.20 and 959.47, respectively. Figure 4. Colleen Avenue Sag Improvements 21”/24” Option The following summarizes the proposed 21”/24” discharge pipe improvements: - 21” RCP outfall with outlet control structure from IOC Wetland City of Arden Hills - Indian Oaks Area Downstream Drainage Review March 12, 2018 Page 6 Building a legacy – your legacy. Equal Opportunity Employer | wsbeng.com - 24” HDPE pipe from Indian Oaks Court to Colleen Avenue - 24” RCP along Colleen Avenue - Install Additional Inlet at Colleen Avenue Sag for revised sewer configuration and improve roadway ponding. - Directional drill 18” DR-17 HDPE parallel to existing 15” RCP. Directional drilling new storm sewer will minimize disturbance to adjacent properties and avoid excavation conflicts with utilities and timber retaining wall. See Figure 4. - Re-establish the emergency overflow (EOF) between the Ponding Area and Colleen Avenue and EOF north of the Colleen Avenue to 1’ below the adjacent house low opening. - Provide additional riprap at storm sewer outfall to Colleen Wetland. - Raise bituminous trail grade adjacent to the Colleen Wetland to 933.10 at EOF (Approximately 200ft of trail improvements). - Outlet control structure with 27” discharge pipe for Colleen Wetland rate control and 24” culvert - Pavement removal/replacement and other associated work. The 21”/24” discharge pipe option results in a 100-year high water level elevation in the Wetland and Ponding Area of 961.52 and 957.80, respectively. Phased Plan We propose that these drainage improvements should be installed as part of a phased plan. Phase 1 will be constructed with the Arden Hill 2018 PMP Project and includes all improvements between the IOC Wetland and the existing manhole on Colleen Avenue. Phase 2 construction will include the other drainage improvements and have the option to be included as part of a future City project with additional improvements. Orifice plates located in the storm sewer structures may be necessary to maintain peak discharge rates leaving the Wetland and Ponding Area to at or below existing conditions until the downstream improvements are complete Increased Inundation The HydroCAD analysis indicates the existing condition 100-year highwater level in the Colleen Wetland encroaches onto the property of 1457 Colleen Avenue, past the easement. Increasing pipe sizes and mitigating the increased peak flow rates at the trail crossing to will raise 100-year highwater levels and cause additional encroach onto private properties. Figure 5 shows the increase in highwater level for the 18” option and 21”/24” option in the Colleen Wetland. The 21”/24” option results in an estimated 4’ additional encroachment on the 1457 Colleen Avenue property and 25’ of encroachment on the 1449 Colleen Avenue property. The 18” options results in slightly less encroachment than the 21”/24” option. The highwater bounce area of additional inundation is located along a steep wooded slope on the low side of a retaining wall. The amount of inundation will be confirmed based on final design, refined analysis, and design-level survey. City of Arden Hills - Indian Oaks Area Downstream Drainage Review March 12, 2018 Page 7 Building a legacy – your legacy. Equal Opportunity Employer | wsbeng.com Figure 5. Colleen Wetland 100-yr Highwater Level Anticipated Costs A feasibility level Opinion of Probable Construction Costs was prepared as part of this drainage study for the 18” and 21”/24” option. The environmental review of the Colleen Wetland has not been completed at this time. It should be anticipated that purchasing wetland credits or wetland mitigation will likely be necessary for encroachment from the trail improvements. A line item estimate for phase 2 improvement costs is provided in Attachment C. A phase 1 construction cost estimate was not prepared since the cost difference is expected to only include the pipe costs. Orifice plates for phase 1 construction are included in the estimate. This estimate does not include any potential private utility adjustments. The 18” and 21”/24” options are estimated to have a total cost approximately $229,000 and $252,000. The phase 2 construction may have wetland impacts pending environmental review and design grading. We anticipate a wetland mitigation credits to cost around $4000 to $7000. V. RECOMMENDATIONS While lowering the IOC Wetland outlet provides additional flood protection, restricting peak flow rates to at or below existing conditions does not provide freeboard below the low opening elevation of the home at 1416 Indian Oak Court. Based on the findings of this drainage review and evaluation of potential downstream improvements and costs we offer the following recommendations: City of Arden Hills - Indian Oaks Area Downstream Drainage Review March 12, 2018 Page 8 Building a legacy – your legacy. Equal Opportunity Employer | wsbeng.com - Implement the 21”/24” option described in Section IV for phase 1 and 2 construction. o This option provides a high water level in the IOC Wetland of approximately 1 foot from the low opening of the home 1416 Indian Oak Court and 0.5-foot freeboard from the Indian Oaks Court roadway. o HDPE pipe can be installed within the drainage easement between Indian Oaks Court and Colleen Avenue to minimize equipment use between homes. o This option costs roughly $23,000 more than the 18” option and results in additional freeboard. - Orifice plates will be necessary inside manholes to temporary reduce peak discharge rates until downstream improvements to accommodate the rate increase can occur. - Advanced the design of phase 2 and construct the improvements to provide flood protection as soon as feasible. VI. NEXT STEPS If the City of Arden Hills wishes to pursue the phased approach described in this memorandum, the following tasks will need to be completed: - Adjust the 2018 PMP Project (Phase 1) construction documents to reflect the desired downstream improvements option. - Environmental review and wetland delineation of the Colleen Wetland and drainage channel. - Complete a design-level survey of the trail improvements area - Refine the existing and proposed condition stormwater models and analysis with an advanced design and detailed topographic survey data. - Coordination with Rice Creek Watershed District including preliminary meetings and permitting - Easement Acquisition Coordination (If necessary) - Final phase 2 design and construction document preparation. Please let WSB know if you have any questions or would like to sit down to discuss further. Attachment A Exhibits 16"4"12"6"16"14"12"13"16"18"12"12"14"6"16"10"24"8"16"POND20.0010.00DRAINAGE ESM'TDRAINAGE ESM'TCENTERLINE SEWER ESM'T DOC. NO. 1793293UTILITY ESM'TWALKWAY2"2"2"24"16"16"20"8"21"14"14"16"18"16"IOCWETLAND1414 COLLEEN AVELOW OPENING 962.44INDIAN OAKS COURTCOLLEEN AVELOW OPENING 963.181416 INDIAN OAKS COURTLOW OPENING 962.55 PONDING AREAEXISTING: 15" RCPPROPOSED: 18" RCP or 24" RCPEXISTING: 15" RCPPROPOSED: DIRECTIONAL DRILL 12" HDPEor 18" HDPE ADDITIONAL INLET AT SAGAPPROXIMATE GARAGE FLOOR 956.90EXISTING: 12" PVCPROPOSED: 18" HDPE or 24" HDPECOLLEENWETLANDNORMA AVE JAMES AVE COLLEEN COURTTIMBER RETAINING WALLEXISTING: 12" RCPPROPOSED: 18" HDPE or 24" HDPEEXISTING: STORM SEWER DAYLIGHTED TO SURFACEPROPOSED: AREA INLETS WITH 18" HDPE or 24" HDPEEXISTING: 12" RCPPROPOSED: 18" RCP or 21" RCPPROPOSED: RE-ESTABLISH EOFPROPOSED: RE-ESTABLISH EOFEND PHASE 1 CONSTRUCTIONPROPOSED TRAIL IMPROVEMENTSDOWNSTREAM CHANNELSCALE IN FEET02550NWSBWSB PROJECT NO.:010111-000SCALE:PLAN BY:DESIGN BY:CHECK BY:I HEREBY CERTIFY THAT THIS PLAN, SPECIFICATION, OR REPORT WAS PREPARED BY ME OR UNDER MY DIRECT SUPERVISION AND THAT I AM A DULY LICENSED PROFESSIONAL ENGINEER UNDER THE LAWS OF THE STATE OF MINNESOTA. LIC. NO:DATE:7 REVISIONS NO.DATE DESCRIPTION K:\010111-000\Admin\Docs\Downstream Drainage Study Memo\Figures\DOWNSTREAM IMPROVEMENTS.dwg 2018 PAVEMENT MANAGEMENT PROJECT DOWNSTREAM DRAINAGE IMPROVEMENTS CITY OF ARDEN HILLS, MINNESOTA Attachment B Analysis Results Summary Preliminary Analysis Results SummaryDischarge OptionDesign Storm EventIOC Wetland High Water Elevation (ft)Ponding Area High Water Elevation (ft) Colleen Ave High Water Elevation (ft)Colleen Wetland High Water Elevation (ft)Ponding Area Peak Discharge Rate (cfs)Colleen Avenue Peak Discharge Rate (cfs)Colleen Wetland Peak Discharge Rate (cfs)Proposed Improvements2-year - - - 930.50 3.418.329.2910-year 961.69 960.22 953.72 931.36 5.1313.0025.99100-year 963.03 932.43 955.52 931.71 12.6715.2466.692-year----3.47--10-year960.16957.23--6.15--100-year962.52961.71--10.87--2-year---930.403.978.939.3210-year959.97956.60951.81931.846.8715.8125.71100-year962.20959.47955.23933.0913.5423.1666.382-year---930.154.128.929.2610-year959.75956.34950.68931.678.9215.8924.39100-year961.52957.80954.97933.1917.9130.3266.68962.55 962.44 956.9 (APPROX.) NAFlooding Elevation18" HDPE18" HDPE onsite and along Colleen, Re-establish both EOF's off Colleen Ave, Directional Drill 12" DR-17 HDPE Pipe, Raise Trail to 932.80 (Est. 200 LF of Grade Raise), 18" Culvert, and 27" Culvert with Outlet Control Structure21" RCP & 24" HDPE21" outlet from pond, 24" HDPE from Indian Oaks Court to Colleen 24" RCP along Colleen, Re-establish both EOF's off Colleen Ave, Directional Drill 18" DR-17 HDPE pipe, Raise Trail to 933.10 (Est. 200 LF of Grade Raise), 24" Culvert, and 27" Culvert with Outlet Control StructureExisting ConditionsNA15" HDPERe-establish EOF's off Colleen Ave, Install 15" HDPE on site Attachment C Cost Estimates WSB Project:Arden Hills 2018 PMP Downstream Drainage Improvements Design By:MJS Project Location:City of Arden Hills Checked By:JLS WSB Project No:010111-000 Date:3/12/2018 Item No. Description Unit Estimated Total Quantity Estimated Unit Price Estimated Total Cost 1 MOBILIZATION LUMP SUM 1 $7,580.00 $7,580.00 2 CLEARING TREE 25 $300.00 $7,500.00 3 GRUBBING TREE 25 $300.00 $7,500.00 4 REMOVE SEWER PIPE (STORM)LIN FT 280 $15.00 $4,200.00 5 REMOVE CONCRETE CURB AND GUTTER LIN FT 330 $5.00 $1,650.00 6 REMOVE DRAINAGE STRUCTURE EACH 2 $300.00 $600.00 7 REMOVE BITUMINOUS WALK SQ FT 1,600 $1.75 $2,800.00 8 REMOVE BITUMINOUS PAVEMENT SQ YD 655 $6.00 $3,930.00 9 SAWING PAVEMENT (FULL DEPTH)LIN FT 400 $5.00 $2,000.00 10 SALVAGE AND REINSTALL MAILBOX EACH 2 $100.00 $200.00 11 COMMON EMBANKMENT (CV)CU YD 160 $30.00 $4,800.00 12 SUBGRADE EXCAVATION CU YD 430 $15.00 $6,450.00 13 SELECT GRANULAR BORROW (CV)CU YD 130 $24.00 $3,120.00 14 GEOTEXTILE FABRIC TYPE V SQ YD 1,050 $1.75 $1,837.50 15 SUBGRADE PREPARATION ROAD STA 4 $180.00 $720.00 16 AGGREGATE BASE CLASS 5 TON 160 $20.00 $3,200.00 17 BITUMINOUS WALK SQ YD 180 $25.00 $4,500.00 18 BITUMINOUS ROADWAY PAVMENT TON 50 $120.00 $6,000.00 19 UTILITY COORDINATION LUMP SUM 1 $1,000.00 $1,000.00 20 CONCRETE CURB & GUTTER LIN FT 330 $22.00 $7,260.00 21 DEWATERING LUMP SUM 1 $1,000.00 $1,000.00 22 12" GS PIPE APRON EACH 1 $250.00 $250.00 23 24" GS PIPE APRON EACH 1 $350.00 $350.00 24 CONNECT TO EXISTING STORM SEWER EACH 4 $850.00 $3,400.00 25 15" RC PIPE SEWER LIN FT 20 $45.00 $900.00 26 12" HDPE (DIRECTIONAL DRILL)LIN FT 130 $120.00 $15,600.00 27 24" CP PIPE CULVERT LIN FT 10 $42.00 $420.00 28 CONSTRUCT DRAINAGE STRUCTURE DESIGN 48-4020 LIN FT 16 $400.00 $6,400.00 29 CONSTRUCT DRAINAGE STRUCTURE DESIGN SPECIAL EACH 1 $9,000.00 $9,000.00 30 RANDOM RIPRAP CLASS IV CU YD 40 $100.00 $4,000.00 31 CASTING ASSEMBLY EACH 3 $750.00 $2,250.00 32 4" PERF PE PIPE DRAIN LIN FT 100 $9.00 $900.00 33 18" GS PIPE APRON EACH 2 $300.00 $600.00 34 27" RC PIPE APRON EACH 1 $950.00 $950.00 35 18" CP PIPE CULVERT LIN FT 20 $40.00 $800.00 36 18" RC PIPE SEWER LIN FT 250 $55.00 $13,750.00 37 27" RC PIPE CULVERT LIN FT 25 $90.00 $2,250.00 38 ORIFICE PLATES EACH 2 $900.00 $1,800.00 39 TRAFFIC CONTROL LUMP SUM 1 $2,000.00 $2,000.00 40 STREET SWEEPER (WITH PICKUP BROOM) HOUR 20 $115.00 $2,300.00 41 WATER (DUST CONTROL)MGAL 10 $45.00 $450.00 42 SILT FENCE, TYPE MACHINE SLICED LIN FT 500 $3.00 $1,500.00 43 SEDIMENT CONTROL LOG LIN FT 500 $4.00 $2,000.00 44 SODDING TYPE LAWN SQ YD 350 $7.00 $2,450.00 45 HYDRO-SEEDING SQ YD 400 $3.50 $1,400.00 Opinion of Probable Cost PHASE 2 - DOWNSTREAM DRAINAGE IMPROVMENTS: 18" OPTION K:\010111-000\Admin\Docs\Downstream Drainage Study Memo\Estimate and Information\Opinion of Probable Cost WSB Project:Arden Hills 2018 PMP Downstream Drainage Improvements Design By:MJS Project Location:City of Arden Hills Checked By:JLS WSB Project No:010111-000 Date:3/12/2018 Item No. Description Unit Estimated Total Quantity Estimated Unit Price Estimated Total Cost Opinion of Probable Cost PHASE 2 - DOWNSTREAM DRAINAGE IMPROVMENTS: 18" OPTION46 STORM DRAIN INLET PROTECTION EACH 3 $150.00 $450.00 47 STABILIZED CONSTRUCTION EXIT LUMP SUM 1 $1,500.00 $1,500.00 48 COMMON TOPSOIL BORROW CU YD 70 $35.00 $2,450.00 49 WATER (TURF ESTABLISHMENT)MGAL 20 $60.00 $1,200.00 18" OPTION CONSTRUCTION TOTAL $159,167.50 CONTINGENCY TOTAL (15%) $23,875.13 SUBTOTAL TOTAL $183,042.63 INDIRECT COST TOTAL (25%) $45,760.66 TOTAL - 18" OPTION DRAINAGE IMPROVEMENTS $229,000.00 1 MOBILIZATION LUMP SUM 1 $8,340.00 $8,340.00 2 CLEARING TREE 25 $300.00 $7,500.00 3 GRUBBING TREE 25 $300.00 $7,500.00 4 REMOVE SEWER PIPE (STORM)LIN FT 280 $15.00 $4,200.00 5 REMOVE CONCRETE CURB AND GUTTER LIN FT 330 $5.00 $1,650.00 6 REMOVE DRAINAGE STRUCTURE EACH 2 $300.00 $600.00 7 REMOVE BITUMINOUS WALK SQ FT 1,600 $1.75 $2,800.00 8 REMOVE BITUMINOUS PAVEMENT SQ YD 655 $6.00 $3,930.00 9 SAWING PAVEMENT (FULL DEPTH)LIN FT 400 $5.00 $2,000.00 10 SALVAGE AND REINSTALL MAILBOX EACH 2 $100.00 $200.00 11 COMMON EMBANKMENT (CV)CU YD 180 $30.00 $5,400.00 12 SUBGRADE EXCAVATION CU YD 430 $15.00 $6,450.00 13 SELECT GRANULAR BORROW (CV)CU YD 130 $24.00 $3,120.00 14 GEOTEXTILE FABRIC TYPE V SQ YD 1,050 $1.75 $1,837.50 15 SUBGRADE PREPARATION ROAD STA 4 $180.00 $720.00 16 AGGREGATE BASE CLASS 5 TON 160 $20.00 $3,200.00 17 BITUMINOUS WALK SQ YD 180 $25.00 $4,500.00 18 BITUMINOUS ROADWAY PAVMENT TON 50 $120.00 $6,000.00 19 UTILITY COORDINATION LUMP SUM 1 $1,000.00 $1,000.00 20 CONCRETE CURB & GUTTER LIN FT 330 $22.00 $7,260.00 21 DEWATERING LUMP SUM 1 $1,000.00 $1,000.00 22 18" GS PIPE APRON EACH 1 $300.00 $300.00 23 CONNECT TO EXISTING STORM SEWER EACH 4 $850.00 $3,400.00 24 15" RC PIPE SEWER LIN FT 20 $45.00 $900.00 25 18" HDPE (DIRECTIONAL DRILL)LIN FT 130 $155.00 $20,150.00 26 CONSTRUCT DRAINAGE STRUCTURE DESIGN 60-4020 LIN FT 16 $520.00 $8,320.00 27 CONSTRUCT DRAINAGE STRUCTURE DESIGN SPECIAL EACH 1 $11,000.00 $11,000.00 28 RANDOM RIPRAP CLASS IV CU YD 50 $100.00 $5,000.00 29 CASTING ASSEMBLY EACH 3 $750.00 $2,250.00 30 4" PERF PE PIPE DRAIN LIN FT 100 $9.00 $900.00 31 24" GS PIPE APRON EACH 3 $350.00 $1,050.00 32 27" RC PIPE APRON EACH 1 $950.00 $950.00 33 24" CP PIPE CULVERT LIN FT 35 $45.00 $1,575.00 34 24" RC PIPE SEWER LIN FT 250 $70.00 $17,500.00 35 27" RC PIPE CULVERT LIN FT 25 $90.00 $2,250.00 36 ORIFICE PLATES EACH 2 $900.00 $1,800.00 PHASE 2 - DOWNSTREAM DRAINAGE IMPROVMENTS: 21"/24" OPTION K:\010111-000\Admin\Docs\Downstream Drainage Study Memo\Estimate and Information\Opinion of Probable Cost WSB Project:Arden Hills 2018 PMP Downstream Drainage Improvements Design By:MJS Project Location:City of Arden Hills Checked By:JLS WSB Project No:010111-000 Date:3/12/2018 Item No. Description Unit Estimated Total Quantity Estimated Unit Price Estimated Total Cost Opinion of Probable Cost PHASE 2 - DOWNSTREAM DRAINAGE IMPROVMENTS: 18" OPTION37 TRAFFIC CONTROL LUMP SUM 1 $2,000.00 $2,000.00 38 STREET SWEEPER (WITH PICKUP BROOM) HOUR 20 $115.00 $2,300.00 39 WATER (DUST CONTROL)MGAL 10 $45.00 $450.00 40 SILT FENCE LIN FT 500 $3.00 $1,500.00 41 SEDIMENT CONTROL LOG LIN FT 500 $4.00 $2,000.00 42 SODDING TYPE LAWN SQ YD 350 $7.00 $2,450.00 43 HYDRO-SEEDING SQ YD 450 $3.50 $1,575.00 44 STORM DRAIN INLET PROTECTION EACH 3 $150.00 $450.00 45 STABILIZED CONSTRUCTION EXIT LUMP SUM 1 $1,500.00 $1,500.00 46 COMMON TOPSOIL BORROW CU YD 80 $35.00 $2,800.00 47 WATER (TURF ESTABLISHMENT)MGAL 25 $60.00 $1,500.00 21"/24" OPTION CONSTRUCTION TOTAL $175,077.50 CONTINGENCY TOTAL (15%) $26,261.63 SUBTOTAL TOTAL $201,339.13 INDIRECT COST TOTAL (25%) $50,334.78 TOTAL - 21"/24" OPTION DRAINAGE IMPROVEMENTS $252,000.00 K:\010111-000\Admin\Docs\Downstream Drainage Study Memo\Estimate and Information\Opinion of Probable Cost June 20, 2018 Ms. Sue Polka, P.E. City of Arden Hills Public Works Director/City Engineer 1245 West Highway 96 Arden Hills, MN 55112 RE: Colleen Avenue Drainage Improvements Proposal for Preliminary and Final Design Services Dear Ms. Polka: We are pleased to provide you with this proposal for professional engineering and surveying services in support of the Colleen Avenue Drainage Improvement project. Our project understanding and scope of work have been crafted based on our recent conversations, a site meeting with the neighbors and a review of the March 12, 2018 “Indian Oaks Area Downstream Drainage Review” and feasibility report. For this scope of work outlined herein, Bolton & Menk proposes to provide an estimated 335 hours of surveying and engineering professional services for a total estimated, not-to-exceed, fee of $42,142. We understand portions of the drainage improvements identified in the report have been included in the recently awarded 2018 Street & Utility Construction, which is currently under construction. This proposal is for the design of the Colleen Avenue drainage improvements as outlined in the report. We believe the City will find outstanding service and value in our approach to the Colleen Avenue Drainage Improvements project as a result of our client focus, relevant project experience, and our dedication to effective communication with the City and the neighboring property owner partners. Client Focus –A successful project comes from a thorough understanding of your expectations. As an extension of city staff, our staff actively works to understand City and project needs through meaningful communications. We understand the importance of communicating expectations and goals to project stakeholders (residents and staff) and will exceed your expectation to ensure a successful project. Project Experience –Our strength in municipal engineering is derived from our talented and experienced staff, extensive project and design experience, and our dedication to maintaining a relationship with city staff and residents. Our team has provided a high level of engineering service on a variety of City roadway and drainage projects, similar in scope, size and complexity. We are confident our project experience will translate well to the Colleen Avenue Drainage Project for the City. Ms. Sue Polka June 20, 2018 Page 2 Effective Project Communication –We deliver sound engineering solutions and provide quality design and surveying efforts, but also believe in making communication a priority. We intend to work closely with City staff developing design options and effectively communicating with neighbors effected by the project. Close coordination with City staff, as well as regular communication with residents will be essential for the success of this project. Like you, Bolton & Menk, Inc. takes great pride in providing engineering solutions that are safe, sustainable, and beautiful. We understand design needs and challenges and with inclusive communications, implement solutions that work for the City of Arden Hills. In service to City of Arden Hills, we appreciate the City’s consideration of our proposal to design the Colleen Avenue Drainage Improvement project. If the City is agreeable with our proposal, Bolton & Menk is ready to enter into an agreement to perform the work. Please contact me at 763-710-1514 or johnmo@bolton-menk.com if you have any questions regarding our proposal. Respectfully submitted, Accepted by John W. Morast, P.E. Senior Project Manager ____________________________ Date: _______________________ Submitted by Bolton & Menk, Inc.Colleen Avenue Drainage Improvements | City of Arden Hills, Minnesota 3 Proposal for Colleen Avenue Drainage Improvements City of Arden Hills, Minnesota Project Understanding The City of Arden Hills designed the 2018 Street and Utility Improvement Project which is currently under construction. The project includes storm drainage improvements that tie into the existing system on Colleen Avenue. Further investigation into the Colleen Avenue drainage connections, outflows, ponding areas and wetlands was performed by WSB & Associates and summarized in the “Indian Oaks Area Downstream Drainage Review” Report dated March 12, 2018. This report is intended for use as the basis of final design. The report identifies several areas of concern for the Colleen Avenue drainage area, in regards to storm drainage, wetlands, conveyance and flooding. Per our discussions, the City desires to take action and design Colleen Avenue improvements identified in the Report. For the Colleen Avenue Drainage area, the report recommends: Upgrading the stormwater outlet into the Colleen Avenue wetland with a directionally drilled 18” HDPE pipe Replacing catch basins and connections to the outlet pipe Delineating the Colleen Wetland Securing permits for the drainage work Redesigning the bituminous trail downstream of the Colleen Wetland to provide a new outlet elevation Reestablishing an EOF north of Colleen Avenue to 1-foot below adjacent house openings Providing an outlet control structure for the Colleen Wetland Associated pavement repairs necessary for completion of the drainage improvements Detailed Work Plan Bolton & Menk understands the importance of not only achieving the desired outcome of each of the following tasks but also completing them on time and within budget, while developing an engineering solution that work for both the City and the residents. It is our commitment to facilitate a successful project for the City of Arden Hills. We will put special emphasis on working with city staff and affected residents to assure the project’s success. A summary of our approach to key project elements is outlined below. Task 1: Survey Services Project survey work includes a topographic survey to support the stormwater analysis and design of the recommended improvements on Colleen Avenue, the connection route to the Colleen Wetland and downstream of the Colleen Wetland, including the bituminous trail. A Gopher State One Call process for locating private utilities will be undertaken and marked utilities will be included in the project base mapping. Topographic survey work will be completed in around the properties at 1441, 1449, and 1457 Colleen Avenue where storm sewer improvements are planned. Topographic work will also be completed within 15 feet of each side of the existing trail. We understand some topographic survey work was completed for the City’s adjacent 2018 Street & Utility Improvements project. Prior to initiation of our survey activities, Bolton & Menk would request this information be provided to us so we may investigate opportunities for project savings by minimizing duplication of survey efforts. Some areas adjacent to the project area are rolling, heavily wooded terrain and/or are wetlands which are not to be impacted. LiDAR data will be relied upon for these areas to reduce costs of survey to the City, for which there would be limited benefit during design. Topographic survey data compiled by us, data compiled by others, and wetland delineation data will be combined with available LiDAR data over such areas to create the project base survey files. There are potential changes in the modeled surface water elevations following the project, and the impact on adjacent properties is not precisely known. Existing property easements from the area plats and nine O&E reports to be secured Submitted by Bolton & Menk, Inc.Colleen Avenue Drainage Improvements | City of Arden Hills, Minnesota 4 Proposal for Colleen Avenue Drainage Improvements City of Arden Hills, Minnesota by Bolton & Menk will be drafted within the project existing conditions drawings and will be reviewed against proposed 100 year water surface elevations to determine if additional drainage easements will be necessary. Upon review of existing easements in comparison to the identified HWL from the previous report, Bolton & Menk will determine where any additional easements will be required for storm drainage changes, research and develop the easement documents, and stake easement locations. Easement acquisition services are not included in the proposal. If the City desires Bolton & Menk to assist further in easement acquisition, this additional service can be specifically scoped once details are better known. Task 2: Wetland Delineation & Permit Coordination The existing drainage system discharges into the Colleen Wetland, with work activities anticipated to occur in or around the wetland. Bolton & Menk will visit the site to delineate all wetland boundaries above the banks of the ditch within the designated study area. The delineation will include performing transects and sampling in the vicinity of the identified wetlands, placing 3-foot pin flags at the limits of any wetlands found, using a sub-meter GPS unit to accurately locate and map each point, and preparing a written report of our findings. BMI will submit the report to the appropriate reviewing agencies for approval. We will also collect and review for any existing information regarding this wetland, such as current and historical aerial photography, Ramsey County LIDAR maps, NWI maps, DNR data and the Ramsey County soils maps Bolton & Menk will use the wetland delineation to avoid impacts to the wetland, but also identify any impacts that cannot be reasonably avoided and prepare the appropriate permit applications. Permit application preparation will include GIS based figures and sequencing analysis, permit narrative and project plan set. Our proposal for a wetland impact permitting for the above mentioned project includes the following: Background Information Search and GIS Mapping Wetland Delineation Wetland Replacement Plan Coordination of the following permits: o US Army Corps Section 404 Permit o Wetland Conservation Act (WCA) Replacement Plan Permitting o Rice Creek Watershed District Permitting o NPDES Construction Stormwater Permitting Reviewing agencies often request additional information and/or a meeting during the review process. We have assumed three such meetings. If our attendance is requested at any additional meetings to discuss the acceptance of the submitted application or the agencies request additional information, our participation will be provided on an hourly basis. Please note that the WCA permit review process can take up to 60 days and the Corps review process can take as long as 180 days. It is our intent to organize project activities to minimize the impact of such permit review timelines on the project schedule. Submitted by Bolton & Menk, Inc.Colleen Avenue Drainage Improvements | City of Arden Hills, Minnesota 5 Proposal for Colleen Avenue Drainage Improvements City of Arden Hills, Minnesota Task 3: Project Design, Plans, & Specifications From the storm water model prepared by others and determination of HWL and EOF elevations, Bolton & Menk will develop final plans and specifications for the storm sewer, raising the bituminous trail prescribed 932.80 elevation, and associated restoration efforts. Up to three alternatives will be considered and reviewed with the City for installation of storm sewer between Colleen Avenue and the wetland. Should a trenchless method be preferred consistent with the preliminary design recommendation, we would recommend geotechnical work be completed to identify potential risks during construction and enable proper bidding of trenchless work by contractors. Recommendations regarding the necessity of geotechnical work, or lack thereof depending on review of installation alternatives, will be made as part of our final design efforts. Geotechnical efforts are not included in this proposed scope. Final plans for the project will be completed to meet City Standards. The plans will be developed in Civil 3D software and are anticipated to include the following sections: Plan and profiles sheets of the storm drainage system including drainage structures and pipe discharge Plan and profiles, as well as cross sections at 25’ intervals, for the bituminous path Roadway patching/partial reconstruction for storm sewer installation. Title sheet, legend, removals/existing conditions, construction details, and SWPPP sheets 60% and 90% plan sets will be developed for City review and comment. Project specifications and construction estimates will also be developed utilizing Bolton & Menk’s standard format for the final bid package. Bolton and Menk will assist the City in advertising the project for competitive bidding, reviewing and responding to any bidder questions, developing and issuing any addenda necessary, reviewing the bids, and making a recommendation for award. If the City desires construction phase services, Bolton & Menk can provide such efforts under a separate proposal. Task 4: Project Management and Meetings Bolton & Menk’s project manager will manage and coordinate the project progress, milestones, and schedule. Anticipated project meetings include two neighborhood and stakeholder meetings; three wetland coordination and review meetings; three City staff project update/review meetings, and one City Council or Advisory Commission meeting. Submitted by Bolton & Menk, Inc.Colleen Avenue Drainage Improvements | City of Arden Hills, Minnesota 6 Proposal for Colleen Avenue Drainage Improvements City of Arden Hills, Minnesota Fees The following tables summarize the estimated hours and cost breakdown for each major work task item. The estimated fee includes labor, general business, and other normal and customary expenses associated with operating a professional business.No separate charge will be applied for routine expenses, such as: Vehicle and personal expenses and mileage Telephone, computer, CAD, or other software usage Routine expendable supplies Printing project plans, specifications, memoranda, or other project documentation Expenses beyond the agreed scope of services and non-routine expenses, such as large quantities of prints (other than those for public notifications within the project area), out-sourced graphics and photographic reproductions, document recording fees, outside professional and technical assistance, permit fees, wetland banking credits, and other items of this general nature will be invoiced separately. DATE: June 25, 2018 TO: Honorable Mayor and City Councilmembers FROM: Dave Perrault, City Administrator SUBJECT: Authorize to Post for Senior Engineering Technician Position Budgeted Amount: Actual Amount: Funding Source: N/A N/A N/A Council Should Consider The Council should consider authorizing City Staff to post for a Senior Engineering Technician position. This position is non-supervisory and hourly. Background City Staff and the Personnel Committee have discussed and are supportive of moving forward with a Senior Engineering Technician position. Anticipated process: -Council approves authorization to post -Staff advertises job opening -Staff reviews applications, interviews candidates, and selects a finalist -Staff will add their recommendation to the consent calendar of a future meeting This position will not be brought forward to the Personnel Committee or City Council for future consideration, except for final approval at a City Council meeting. Attachment N/A CONSENT ITEM – 7D MEMORANDUM Page 1 of 1 DATE: June 25, 2018 TO: Honorable Mayor and City Councilmembers David Perrault, City Administrator FROM: Sue Polka, Public Works Director/City Engineer SUBJECT: 2018 Street and Utility Improvement Project – Payment No. 1 Budgeted Amount: Actual Amount: Funding Sources: $3,300,000 $2,491,595.86 PIR, Special Assessments, Utility Funds Council Should Consider The City Council is requested to approve Payment No. 1 for the 2018 Street and Utility Improvement Project to Northwest Asphalt, Inc.in the amount of $83,641.23. Discussion On March 26, 2018, the City Council adopted Resolution 2018-034 Awarding the 2018 Street and Utility Improvement Project to Northwest Asphalt, Inc. in the amount of $2,491,595.86. The project is approximately 3.5% complete with the reclamation area ready for paving, watermain in the Floral neighborhood is underway, storm sewer installation and grading underway. Five percent is being withheld from the work completed in accordance with the contract documents. The first payment is in the amount of $83,641.23. WSB has provided a recommendation to pay the first voucher (Attachment A). Staff recommends that Council approve Payment No. 1. Attachments Attachment A: WSB Letter Attachment B: Payment No. 1 CONSENT ITEM – 7E MEMORANDUM    701 Xenia Avenue South | Suite 300 | Minneapolis, MN 55416 | (763) 541-4800    Building a legacy – your legacy. Equal Opportunity Employer | wsbeng.com  K:\010111-000\Admin\Construction Admin\Pay Vouchers\R-010111-000 CST LTR VO 1 CTY-s polka-062018.docx June 20, 2018 Ms. Sue Polka, PE Public Works Director/City Engineer City of Arden Hills 1245 West Highway 96 Arden Hills, MN 55112 Re: Construction Pay Voucher No. 1 2018 Street and Utility Improvement Project City Project No. PW-17-0102 City of Arden Hills, MN WSB Project No. R-010111-000 Dear Ms. Polka: Please find enclosed Construction Pay Voucher No. 1 in the amount of $83,641.23 for the above- referenced project. The quantities completed to date have been reviewed and agreed upon by the contractor, and we hereby recommend that the City of Arden Hills approve Construction Pay Voucher No. 1 in the amount of $83,641.23 for Northwest Asphalt, Inc. Once processed, please keep one copy for your records and return two copies to our office, one for the contractor and one for our files. If you have any questions or comments regarding the enclosed, please contact me at (763) 287-7191. Sincerely, WSB & Associates, Inc. Andrew J. Brotzler, PE Project Manager Enclosures srb Page 1 of 1 DATE: June 25, 2018 TO: Honorable Mayor and City Councilmembers David Perrault, City Administrator FROM: Sue Polka, Public Works Director/City Engineer SUBJECT: Old Snelling Trail and Watermain – Payment No. 2 Budgeted Amount: Actual Amount: Funding Sources: $2,977,000 $3,376,269.85 Ramsey County/MSAS, PIR, Development Reimbursement, Water Utility Council Should Consider The City Council is requested to approve Payment No. 2 for the Old Snelling Trail and Watermain Improvements Contract to Sunram Construction, Inc. in the amount of $582,541.66. Discussion On March 26, 2018, the City Council adopted Resolution 2018-022 Awarding the Old Snelling Trail and Watermain Improvements to Sunram Construction, Inc. in the amount of $3,376,269.85. Council approved Payment #1 in the amount of $270,512.93 on June 11, 2018. The project is approximately 25.6% complete with the watermain portion of the project almost completed and retaining walls under construction. Five percent is being withheld from the work completed in accordance with the contract documents. The second payment is in the amount of $582,541.66. WSB has provided a recommendation to pay the second voucher (Attachment A). Staff recommends that Council approve Payment No. 2. Attachments Attachment A: WSB Letter Attachment B: Payment No. 2 CONSENT ITEM – 7F MEMORANDUM 701 Xenia Avenue South | Suite 300 | Minneapolis, MN 55416 | (763) 541-4800 Building a legacy – your legacy. Equal Opportunity Employer | wsbeng.com \\gvfiles01\projects\03455-140\Admin\Construction Admin\Pay Vouchers\3455-140 CST LTR VO 2 CTY-s polka-062018.docx June 20, 2018 Ms. Sue Polka, PE Public Works Director/City Engineer City of Arden Hills 1245 West Highway 96 Arden Hills, MN 55112 Re: Construction Pay Voucher No. 2 Old Snelling Trail Extension & Watermain Improvements City Project No. PW -17-0100 S.A.P. 187-020-021 / 187-020-022 / 187-020-023 City of Arden Hills, MN WSB Project No. 3455-140 Dear Ms. Polka: Please find enclosed Construction Pay Voucher No. 2 in the amount of $582,541.66 for the above- referenced project. The quantities completed to date have been reviewed and agreed upon by the contractor, and we hereby recommend that the City of Arden Hills approve Construction Pay Voucher No. 2 in the amount of $582,541.66 for Sunram Construction, Inc. Once processed, please keep one copy for your records and return two copies to our office, one for the contractor and one for our files. If you have any questions or comments regarding the enclosed, please contact me at (763) 286-6141. Sincerely, WSB & Associates, Inc. Craig Alberg, PE Project Manager Enclosures srb Page 1 of 2 DATE: June 25, 2018 TO: Honorable Mayor and City Councilmembers David Perrault, City Administrator FROM: Sue Polka, Public Works Director SUBJECT: Night Work Construction Activity Waiver County Road F Improvements Requested Action Approve the Night Time Construction Activity Waiver for the County Road F Improvement Project between Tuesday, June 26 and Wednesday, August 15, 2018. Background/Discussion C. S. McCrossan, the Contractor for the County Road F Improvement Project, has requested the ability to complete portions of the construction in the early morning beginning at 6:00 a.m. Monday through Friday and 7:00 a.m. on Saturday, Sunday and holidays. This request is being made to lessen traffic impacts and improve scheduling of various construction activities. C. S. McCrossan has requested that early morning work be allowed throughout the project duration. City Ordinance does allow for a Waiver to the Ordinance to allow night time operations. The specific wording of the Ordinance is reproduced below: Section 630 - Construction Activities 630.01 Prohibited Activities. No person shall engage in or permit construction activities involving the use of any kind of electric, diesel or gas powered machine or other power equipment except between the hours of 7:00 a.m. and 9:00 p.m. on any weekday or between the hours of 8:00 a.m. and 9:00 p.m. on any weekend or holiday. NEW BUSINESS – 10A MEMORANDUM Page 2 of 2 630.10 Prohibited Activities. Except as allowed by permit of the City Council, no person shall engage in or permit construction activities involving the use of any kind of electric, diesel or gas powered machine or other power equipment except between the hours of 7:00 a.m. and 9:00 p.m. on any weekday or between the hours of 8:00 a.m. and 9:00 p.m. on any weekend or holiday. Upon application for a waiver and notification to all properties within 500 feet from the property line at least ten days prior to the City Council meeting, the City Council may grant a permit waiving the requirements of this Section for maintenance activities and may impose reasonable conditions to it. C.S. McCrossan’s request is attached. Also attached is the letter City staff sent to properties within 500 feet of County Road F as required by the Ordinance. Finally, attached is a map showing the properties that were notified. As of the preparation of this memo, one response was received by the owner of Arden Flats located at 1290 West County Road F. They are requesting denial of the waiver. Attachments Attachment A: Night Time Construction Activity Request Attachment B: Letter of notification to surrounding properties Attachment C: Map of properties notified Attachment D: Email from Sand Companies – Arden Flats City of Arden Hills ▪1245 West Highway 96 ▪ Arden Hills Minnesota 55112 Phone 651.792.7800 ▪ Fax 651.634.5137 ▪ www.cityofardenhills.org June 8, 2018 To Whom It May Concern RE: County Road F Improvements C. S. McCrossan, the Contractor for the County Road F Improvement Project, has requested the ability to complete portions of the construction in the early morning. This request is being made to lessen traffic impacts and improve scheduling of various construction activities. C. S. McCrossan has requested that early morning work be allowed throughout the project duration. The City of Arden Hills has working restrictions that prevent construction activities before 7:00 am Monday through Friday and before 8:00 am on Saturday, Sunday and holidays. There is a process that allows the City Council to grant a waiver from these restrictions. C. S. McCrossan has requested a waiver from the City to allow construction activities to start at 6:00 am Monday through Friday and 7:00 am on Saturdays. This notification is being provided to inform you that the City Council will be considering the issue of granting a waiver to C.S. Mc Crossan for morning work from June 26th through the duration of the project which is scheduled for substantial completion by August 15, 2018. The City Council will be considering the issue at their meeting on Monday, June 25, 2018 at 7:00 pm. If you have any comments on this request please forward them to: Sue Polka, P.E. Public Works Director/City Engineer City of Arden Hills 1245 West Highway 96 Arden Hills, MN 55112 (651) 792-7846 spolka@cityofardenhills.org Notification Letters Legend Municipal Boundary City Mask June 18, 2018 Map Powered by DataLink from WSB & Associates 1 in = 752 ft ± Page 1 of 1 UNFINISHED BUSINESS – 11A MEMORANDUM DATE: June 25, 2018 TO: Honorable Mayor and City Councilmembers Dave Perrault, City Administrator FROM: Gayle Bauman, Finance Director SUBJECT: Resolution Authorizing the Issuance and Awarding the Sale of 2018A General Obligation Utility Revenue Bonds Budgeted Amount: Actual Amount: Funding Source: N/A N/A N/A Council Should Consider Motion to adopt the attached Resolution 2018-045 awarding the sale of General Obligation Utility Revenue Bonds, Series 2018A. Pending a favorable recommendation from Ehlers & Associates. Authorize the Finance Director to make all necessary budget adjustments to account for the new bonds. Background On May 29, 2018, the Council gave preliminary approval for the sale of $2,600,000 of General Obligation Utility Revenue Bonds. Discussion Ehlers & Associates has solicited proposals for the sale of the bonds and on June 25, 2018, bids will be opened and a tabulation of the proposals will be presented. The lowest bid will be recommended to the Council for approval. Attachment Attachment A: Resolution 2018-045 1 Extract of Minutes of Meeting of the City Council of the City of Arden Hills, Ramsey County, Minnesota Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Arden Hills, Minnesota, was duly held in the City Hall in said City on Monday, June 25, 2018, commencing at 7:00 P.M. The following members were present: and the following were absent: * * * * * * * * * The Mayor announced that the next order of business was consideration of the proposals which had been received for the purchase of the City's General Obligation Utility Revenue Bonds, Series 2018A, to be issued in the original aggregate principal amount of $_________. The City Administrator presented a tabulation of the proposals that have been received in the manner specified in the Terms of Proposal for the Bonds. The proposals are as set forth in Exhibit A attached. After due consideration of the proposals, Member ____________________ then introduced the following resolution, the reading of which was dispensed with by unanimous consent, and moved its adoption: 2 RESOLUTION NO. 2018-045 A RESOLUTION AWARDING THE SALE OF GENERAL OBLIGATION UTILITY REVENUE BONDS, SERIES 2018A, IN THE ORIGINAL AGGREGATE PRINCIPAL AMOUNT OF $________; FIXING THEIR FORM AND SPECIFICATIONS; DIRECTING THEIR EXECUTION AND DELIVERY; AND PROVIDING FOR THEIR PAYMENT BE IT RESOLVED By the City Council (the “Council”) of the City of Arden Hills, Ramsey County, Minnesota (the “City”) as follows: Section 1. Sale of Bonds. 1.01 Authority. It is hereby determined that: (a) The City engineer has recommended the construction of various improvements to the City’s water and sewer systems (collectively, the “Utility Improvements”), pursuant to Minnesota Statutes, Chapters 444 and 475, as amended (collectively, the “Act”). (b) It is necessary and expedient to the sound financial management of the affairs of the City to issue its General Obligation Utility Revenue Bonds, Series 2018A (the “Bonds”), in the original aggregate principal amount of $_________, pursuant to the Act, to provide financing for the Utility Improvements. (c) The City is authorized by Section 475.60, subdivision 2(9), of the Act to negotiate the sale of the Bonds, it being determined that the City has retained an independent municipal advisor in connection with such sale. The actions of the City staff and the City’s municipal advisor in negotiating the sale of the Bonds are ratified and confirmed in all aspects. 1.02. Award to the Purchaser and Interest Rates. The proposal of __________________________________ (the “Purchaser”) to purchase the Bonds of the City is hereby found and determined to be a reasonable offer and is hereby accepted, the proposal being to purchase the Bonds at a price of $_______ (par amount of $_________, plus original issue premium of $_______, less original issue discount of $_______, less underwriter’s discount of $_______), plus accrued interest to date of delivery, if any, for Bonds bearing interest as follows: Year Interest Rate Year Interest Rate 2020 2025 2021 2026 2022 2027 2023 2028 2024 2029 True interest cost: _________% 3 1.03. Purchase Contract. The amount proposed by the Purchaser in excess of the minimum bid shall be credited to the Debt Service Fund hereinafter created or deposited in the Construction Fund hereinafter created, as determined by the City Finance Director in consultation with the City’s municipal advisor. The City Finance Director is directed to deposit the good faith check or deposit of the Purchaser, pending completion of the sale of the Bonds, and to return the good faith deposits of the unsuccessful proposers. The Mayor and City Administrator are directed to execute a contract with the Purchaser on behalf of the City. 1.04. Terms and Principal Amounts of the Bonds. The City will forthwith issue and sell the Bonds pursuant to the Act in the total principal amount of $_________, originally dated July 18, 2018, in the denomination of $5,000 each or any integral multiple thereof, numbered No. R-1, upward, bearing interest as above set forth, and maturing serially on February 1 in the years and amounts as follows: Year Amount Year Amount 2020 2025 2021 2026 2022 2027 2023 2028 2024 2029 1.05. Optional Redemption. The City may elect on February 1, 2027, and on any day thereafter to prepay Bonds due on or after February 1, 2028. Redemption may be in whole or in part and if in part, at the option of the City and in such manner as the City will determine. If less than all Bonds of a maturity are called for redemption, the City will notify DTC (as defined in Section 7 hereof) of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participant’s interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments will be at a price of par plus accrued interest. [1.06. Term Bonds. To be completed if Term Bonds are requested by the Purchaser.] Section 2. Registration and Payment. 2.01. Registered Form. The Bonds will be issued only in fully registered form. The interest thereon and, upon surrender of each Bond, the principal amount thereof, is payable by check or draft issued by the Registrar described herein. 2.02. Dates; Interest Payment Dates. Each Bond will be dated as of the last interest payment date preceding the date of authentication to which interest on the Bond has been paid or made available for payment, unless (i) the date of authentication is an interest payment date to which interest has been paid or made available for payment, in which case the Bond will be dated as of the date of authentication, or (ii) the date of authentication is prior to the first interest payment date, in which case the Bond will be dated as of the date of original issue. The interest on the Bonds will be payable on February 1 and August 1 of each year, commencing February 1, 4 2019, to the registered owners of record thereof as of the close of business on the fifteenth day of the immediately preceding month, whether or not that day is a business day. 2.03. Registration. The City will appoint a bond registrar, transfer agent, authenticating agent and paying agent (the “Registrar”). The effect of registration and the rights and duties of the City and the Registrar with respect thereto are as follows: (a) Register. The Registrar must keep at its principal corporate trust office a bond register in which the Registrar provides for the registration of ownership of Bonds and the registration of transfers and exchanges of Bonds entitled to be registered, transferred or exchanged. (b) Transfer of Bonds. Upon surrender for transfer of a Bond duly endorsed by the registered owner thereof or accompanied by a written instrument of transfer, in form satisfactory to the Registrar, duly executed by the registered owner thereof or by an attorney duly authorized by the registered owner in writing, the Registrar will authenticate and deliver, in the name of the designated transferee or transferees, one or more new Bonds of a like aggregate principal amount and maturity, as requested by the transferor. The Registrar may, however, close the books for registration of any transfer after the fifteenth day of the month preceding each interest payment date and until that interest payment date. (c) Exchange of Bonds. When Bonds are surrendered by the registered owner for exchange the Registrar will authenticate and deliver one or more new Bonds of a like aggregate principal amount and maturity as requested by the registered owner or the owner's attorney in writing. (d) Cancellation. Bonds surrendered upon transfer or exchange will be promptly cancelled by the Registrar and thereafter disposed of as directed by the City. (e) Improper or Unauthorized Transfer. When a Bond is presented to the Registrar for transfer, the Registrar may refuse to transfer the Bond until the Registrar is satisfied that the endorsement on the Bond or separate instrument of transfer is valid and genuine and that the requested transfer is legally authorized. The Registrar will incur no liability for the refusal, in good faith, to make transfers which it, in its judgment, deems improper or unauthorized. (f) Persons Deemed Owners. The City and the Registrar may treat the person in whose name a Bond is registered in the bond register as the absolute owner of the Bond, whether the Bond is overdue or not, for the purpose of receiving payment of, or on account of, the principal of and interest on the Bond and for all other purposes, and payments so made to a registered owner or upon the owner's order will be valid and effectual to satisfy and discharge the liability upon the Bond to the extent of the sum or sums so paid. (g) Taxes, Fees and Charges. The Registrar may impose a charge upon the 5 owner thereof for a transfer or exchange of Bonds sufficient to reimburse the Registrar for any tax, fee or other governmental charge required to be paid with respect to the transfer or exchange. (h) Mutilated, Lost, Stolen or Destroyed Bonds. If a Bond becomes mutilated or is destroyed, stolen or lost, the Registrar will deliver a new Bond of like amount, number, maturity date and tenor in exchange and substitution for and upon cancellation of the mutilated Bond or in lieu of and in substitution for a Bond destroyed, stolen or lost, upon the payment of the reasonable expenses and charges of the Registrar in connection therewith; and, in the case of a Bond destroyed, stolen or lost, upon filing with the Registrar of evidence satisfactory to it that the Bond was destroyed, stolen or lost, and of the ownership thereof, and upon furnishing to the Registrar of an appropriate bond or indemnity in form, substance and amount satisfactory to it and as provided by law, in which both the City and the Registrar must be named as obligees. Bonds so surrendered to the Registrar will be cancelled by the Registrar and evidence of such cancellation must be given to the City. If the mutilated, destroyed, stolen or lost Bond has already matured or been called for redemption in accordance with its terms it is not necessary to issue a new Bond prior to payment. (i) Redemption. In the event any of the Bonds are called for redemption, notice thereof identifying the Bonds to be redeemed will be given by the Registrar by mailing a copy of the redemption notice by first class mail (postage prepaid) to the registered owner of each Bond to be redeemed at the address shown on the registration books kept by the Registrar and by publishing the notice if required by law. Failure to give notice by publication or by mail to any registered owner, or any defect therein, will not affect the validity of the proceedings for the redemption of Bonds. Bonds so called for redemption will cease to bear interest after the specified redemption date, provided that the funds for the redemption are on deposit with the place of payment at that time. 2.04. Appointment of Initial Registrar. The City appoints Bond Trust Services Corporation, Roseville, Minnesota, as the initial Registrar. The Mayor and the City Administrator are authorized to execute and deliver, on behalf of the City, a contract with the Registrar. Upon merger or consolidation of the Registrar with another corporation, if the resulting corporation is a bank or trust company authorized by law to conduct such business, the resulting corporation is authorized to act as successor Registrar. The City agrees to pay the reasonable and customary charges of the Registrar for the services performed. The City reserves the right to remove the Registrar upon thirty (30) days’ notice and upon the appointment of a successor Registrar, in which event the predecessor Registrar must deliver all cash and Bonds in its possession to the successor Registrar and must deliver the bond register to the successor Registrar. On or before each principal or interest due date, without further order of the City Council, the City Finance Director must transmit to the Registrar money sufficient for the payment of all principal and interest then due. 2.05. Execution, Authentication and Delivery. The Bonds will be prepared under the direction of the City Administrator and executed on behalf of the City by the signatures of the Mayor and the City Administrator, provided that those signatures may be printed, engraved or 6 lithographed facsimiles of the originals. If an officer whose signature or a facsimile of whose signature appears on the Bonds ceases to be such officer before the delivery of a Bond, that signature or facsimile will nevertheless be valid and sufficient for all purposes, the same as if the officer had remained in office until delivery. Notwithstanding such execution, a Bond will not be valid or obligatory for any purpose or entitled to any security or benefit under this resolution unless and until a certificate of authentication on the Bond has been duly executed by the manual signature of an authorized representative of the Registrar. Certificates of authentication on different Bonds need not be signed by the same representative. The executed certificate of authentication on a Bond is conclusive evidence that it has been authenticated and delivered under this resolution. When the Bonds have been so prepared, executed and authenticated, the City Administrator will deliver the same to the Purchaser upon payment of the purchase price in accordance with the contract of sale heretofore made and executed, and the Purchaser is not obligated to see to the application of the purchase price. 2.06. Temporary Bonds. The City may elect to deliver in lieu of printed definitive Bonds one or more typewritten temporary Bonds in substantially the form set forth in EXHIBIT B such changes as may be necessary to reflect more than one maturity in a single temporary bond. Upon the execution and delivery of definitive Bonds the temporary Bonds will be exchanged therefor and cancelled. Section 3. Form of Bond. 3.01. Execution of the Bonds. The Bonds will be printed or typewritten in substantially the form as attached hereto as EXHIBIT B. 3.02. Approving Legal Opinion. The City Administrator is directed to obtain a copy of the proposed approving legal opinion of Kennedy & Graven, Chartered, Minneapolis, Minnesota, and to cause the opinion to be printed on or accompany each Bond. Section 4. Payment; Security; Pledges and Covenants. 4.01. Debt Service Fund. The Bonds will be payable from the General Obligation Utility Revenue Bonds, Series 2018A Debt Service Fund (the “Debt Service Fund”) hereby created. The Debt Service Fund shall be administered and maintained by the City Finance Director as a bookkeeping account separate and apart from all other funds maintained in the official financial records of the City. The City will continue to maintain and operate its Water Fund and Sewer Fund to which will be credited all gross revenues of the water system and sewer system, respectively, and out of which will be paid all normal and reasonable expenses of current operations of such systems. Any balances therein are deemed net revenues (the “Net Revenues”) and will be transferred, from time to time, to the Debt Service Fund, which Debt Service Fund will be used only to pay principal of and interest on the Bonds and any other bonds similarly authorized. There will always be retained in the Debt Service Fund a sufficient amount to pay principal of and interest on all the Bonds, and the City Finance Director must report any current or anticipated deficiency in the Debt Service Fund to the City Council. There is also appropriated to the Debt Service Fund (i) capitalized interest financed with proceeds of the Bonds, if any; and (ii) amounts over the minimum purchase price paid by the Purchaser, to the extent designated for 7 deposit in the Debt Service Fund in accordance with Section 1.03 hereof. 4.02. Construction Fund. The City hereby creates the General Obligation Utility Revenue Bonds, Series 2018A Construction Fund (the “Construction Fund”). Proceeds of the Bonds, less the appropriations made in Section 4.01 hereof, will be deposited in the Construction Fund to be used solely to defray expenses of the Utility Improvements. When the Utility Improvements are completed and the cost thereof paid, the Construction Fund is to be closed and any funds remaining may be deposited in the Debt Service Fund. 4.03. City Covenants. The City Council covenants and agrees with the holders of the Bonds that so long as any of the Bonds remain outstanding and unpaid, it will keep and enforce the following covenants and agreements: (a) The City will continue to maintain and efficiently operate the water system and sewer system as public utilities and conveniences free from competition of other like municipal utilities and will cause all revenues therefrom to be deposited in bank accounts and credited to the Water Fund and the Sewer Fund, respectively, as hereinabove provided, and will make no expenditures from those accounts except for a duly authorized purpose and in accordance with this resolution. (b) The City will also maintain the Debt Service Fund as a separate account and will cause money to be credited thereto from time to time, out of Net Revenues in sums sufficient to pay principal of and interest on the Bonds when due. (c) The City will keep and maintain proper and adequate books of records and accounts separate from all other records of the City in which will be complete and correct entries as to all transactions relating to the water system and sewer system, and which will be open to inspection and copying by any Bondholder, or the Bondholder’s agent or attorney, at any reasonable time, and it will furnish certified transcripts therefrom upon request and upon payment of a reasonable fee therefor, and said account will be audited at least annually by a qualified public accountant and statements of such audit and report will be furnished to all Bondholders upon request. (d) The City Council will cause persons handling revenues of the water system and sewer system to be bonded in reasonable amounts for the protection of the City and the Bondholders and will cause the funds collected on account of the operations of such systems to be deposited in a bank whose deposits are guaranteed under the Federal Deposit Insurance Act. (e) The City Council will keep the water system and sewer system insured at all times against loss by fire, tornado and other risks customarily insured against with an insurer or insurers in good standing, in such amounts as are customary for like plants, to protect the holders, from time to time, of the Bonds and the City from any loss due to any such casualty and will apply the proceeds of such insurance to make good any such loss. 8 (f) The City and each and all of its officers will punctually perform all duties with reference to the water system and sewer system as required by law. (g) The City will impose and collect charges of the nature authorized by Section 444.075 of the Act, at the times and in the amounts required to produce Net Revenues adequate to pay all principal and interest when due on the Bonds and to create and maintain such reserves securing said payments as may be provided herein. (h) The City Council will levy general ad valorem taxes on all taxable property in the City when required to meet any deficiency in Net Revenues. 4.04. General Obligation Pledge. For the prompt and full payment of the principal of and interest on the Bonds, as the same respectively become due, the full faith, credit, and taxing powers of the City are irrevocably pledged. If a payment of principal of or interest on the Bonds becomes due when there is not sufficient money in the Debt Service Fund to pay the same, the City Finance Director is directed to pay such principal or interest from the general fund of the City, and the general fund will be reimbursed for those advances out of the proceeds of Net Revenues when collected. 4.05. Debt Service Coverage. It is hereby determined that the estimated collection of the Net Revenues for the payment of principal of and interest on the Bonds will produce at least five percent (5%) in excess of the amount needed to meet, when due, the principal and interest payments on the Bonds and that no tax levy is needed at this time. 4.06. Certificate of Director of Property Records and Revenue as to Registration. The City Administrator is authorized and directed to file a certified copy of this resolution with the Director of Property Records and Revenue of Ramsey County, Minnesota and to obtain the certificate required by Section 475.63 of the Act. Section 5. Authentication of Transcript. 5.01. City Proceedings and Records. The officers of the City are authorized and directed to prepare and furnish to the Purchaser and to the attorneys approving the Bonds, certified copies of proceedings and records of the City relating to the Bonds and to the financial condition and affairs of the City, and such other certificates, affidavits and transcripts as may be required to show the facts within their knowledge or as shown by the books and records in their custody and under their control, relating to the validity and marketability of the Bonds, and such instruments, including any heretofore furnished, may be deemed representations of the City as to the facts stated therein. 5.02. Certification as to Official Statement. The Mayor, the City Administrator, and the City Finance Director are authorized and directed to certify that they have examined the Official Statement prepared and circulated in connection with the issuance and sale of the Bonds and that to the best of their knowledge and belief the Official Statement is a complete and accurate representation of the facts and representations made therein as of the date of the Official Statement. 9 5.03. Other Certificates. The Mayor, the City Administrator, and the City Finance Director are hereby authorized and directed to furnish to the Purchaser at the closing such certificates as are required as a condition of sale. Unless litigation shall have been commenced and be pending questioning the Bonds or the organization of the City or incumbency of its officers, at the closing the Mayor, the City Administrator, and the City Finance Director shall also execute and deliver to the Purchaser a suitable certificate as to absence of material litigation, and the City Finance Director shall also execute and deliver a certificate as to payment for and delivery of the Bonds. 5.04. Payment of Costs of Issuance. The City authorizes the Purchaser to forward the amount of Bond proceeds allocable to the payment of issuance expenses to KleinBank, Chaska, Minnesota, on the closing date for further distribution as directed by the City’s municipal advisor, Ehlers & Associates, Inc. Section 6. Tax Covenant. 6.01. Tax-Exempt Bonds. The City covenants and agrees with the holders from time to time of the Bonds that it will not take or permit to be taken by any of its officers, employees or agents any action which would cause the interest on the Bonds to become subject to taxation under the Internal Revenue Code of 1986, as amended (the “Code”), and the Treasury Regulations promulgated thereunder, in effect at the time of such actions, and that it will take or cause its officers, employees or agents to take, all affirmative action within its power that may be necessary to ensure that such interest will not become subject to taxation under the Code and applicable Treasury Regulations, as presently existing or as hereafter amended and made applicable to the Bonds. 6.02. No Rebate Required. (a) The City will comply with requirements necessary under the Code to establish and maintain the exclusion from gross income of the interest on the Bonds under Section 103 of the Code, including without limitation requirements relating to temporary periods for investments, limitations on amounts invested at a yield greater than the yield on the Bonds, and the rebate of excess investment earnings to the United States, if the Bonds (together with other obligations reasonably expected to be issued in calendar year 2018) exceed the small-issuer exception amount of $5,000,000. (b) For purposes of qualifying for the small issuer exception to the federal arbitrage rebate requirements, the City finds, determines and declares that the aggregate face amount of all tax-exempt bonds (other than private activity bonds) issued by the City (and all subordinate entities of the City) during the calendar year in which the Bonds are issued and outstanding at one time is not reasonably expected to exceed $5,000,000, all within the meaning of Section 148(f)(4)(D) of the Code. 6.03. Not Private Activity Bonds. The City further covenants not to use the proceeds of the Bonds or to cause or permit them or any of them to be used, in such a manner as to cause the 10 Bonds to be “private activity bonds” within the meaning of Sections 103 and 141 through 150 of the Code. 6.04. Qualified Tax-Exempt Obligations. In order to qualify the Bonds as “qualified tax-exempt obligations” within the meaning of Section 265(b)(3) of the Code, the City makes the following factual statements and representations: (a) the Bonds are not “private activity bonds” as defined in Section 141 of the Code; (b) the City hereby designates the Bonds as “qualified tax-exempt obligations” for purposes of Section 265(b)(3) of the Code; (c) the reasonably anticipated amount of tax-exempt obligations (other than any private activity bonds that are not qualified 501(c)(3) bonds) which will be issued by the City (and all subordinate entities of the City) during calendar year 2018 will not exceed $10,000,000; and (d) not more than $10,000,000 of obligations issued by the City during calendar year 2018 have been designated for purposes of Section 265(b)(3) of the Code. 6.05. Procedural Requirements. The City will use its best efforts to comply with any federal procedural requirements which may apply in order to effectuate the designations made by this section. Section 7. Book-Entry System; Limited Obligation of City. 7.01. DTC. The Bonds will be initially issued in the form of a separate single typewritten or printed fully registered Bond for each of the maturities of the Bonds as described in Section 1.04 hereof. Upon initial issuance, the ownership of each Bond will be registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee for The Depository Trust Company, New York, New York, and its successors and assigns (“DTC”). Except as provided in this section, all of the outstanding Bonds will be registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee of DTC. 7.02. Participants. With respect to Bonds registered in the registration books kept by the Registrar in the name of Cede & Co., as nominee of DTC, the City, the Registrar and the Paying Agent will have no responsibility or obligation to any broker dealers, banks and other financial institutions from time to time for which DTC holds Bonds as securities depository (the “Participants”) or to any other person on behalf of which a Participant holds an interest in the Bonds, including but not limited to any responsibility or obligation with respect to (i) the accuracy of the records of DTC, Cede & Co. or any Participant with respect to any ownership interest in the Bonds, (ii) the delivery to any Participant or any other person (other than a registered owner of Bonds, as shown by the registration books kept by the Registrar) of any notice with respect to the Bonds, including any notice of redemption, or (iii) the payment to any Participant or any other person, other than a registered owner of Bonds, of any amount with 11 respect to principal of, premium, if any, or interest on the Bonds. The City, the Registrar and the Paying Agent may treat and consider the person in whose name each Bond is registered in the registration books kept by the Registrar as the holder and absolute owner of such Bond for the purpose of payment of principal, premium and interest with respect to such Bond, for the purpose of registering transfers with respect to such Bonds, and for all other purposes. The Paying Agent will pay all principal of, premium, if any, and interest on the Bonds only to or on the order of the respective registered owners, as shown in the registration books kept by the Registrar, and all such payments will be valid and effectual to fully satisfy and discharge the City’s obligations with respect to payment of principal of, premium, if any, or interest on the Bonds to the extent of the sum or sums so paid. No person other than a registered owner of Bonds, as shown in the registration books kept by the Registrar, will receive a certificated Bond evidencing the obligation of this resolution. Upon delivery by DTC to the City Administrator of a written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., the words “Cede & Co.” will refer to such new nominee of DTC; and upon receipt of such a notice, the City Administrator will promptly deliver a copy of the same to the Registrar and Paying Agent. 7.03. Representation Letter. The City has heretofore executed and delivered to DTC a Blanket Issuer Letter of Representations (the “Representation Letter”) which shall govern payment of principal of, premium, if any, and interest on the Bonds and notices with respect to the Bonds. Any Paying Agent or Registrar subsequently appointed by the City with respect to the Bonds will agree to take all action necessary for all representations of the City in the Representation Letter with respect to the Registrar and Paying Agent, respectively, to be complied with at all times. 7.04. Transfers Outside Book-Entry System. In the event the City, by resolution of the City Council, determines that it is in the best interests of the persons having beneficial interests in the Bonds that they be able to obtain Bond certificates, the City will notify DTC, whereupon DTC will notify the Participants, of the availability through DTC of Bond certificates. In such event the City will issue, transfer and exchange Bond certificates as requested by DTC and any other registered owners in accordance with the provisions of this resolution. DTC may determine to discontinue providing its services with respect to the Bonds at any time by giving notice to the City and discharging its responsibilities with respect thereto under applicable law. In such event, if no successor securities depository is appointed, the City will issue and the Registrar will authenticate Bond certificates in accordance with this resolution and the provisions hereof will apply to the transfer, exchange and method of payment thereof. 7.05. Payments to Cede & Co. Notwithstanding any other provision of this resolution to the contrary, so long as a Bond is registered in the name of Cede & Co., as nominee of DTC, payments with respect to principal of, premium, if any, and interest on the Bond and notices with respect to the Bond will be made and given, respectively in the manner provided in DTC’s Operational Arrangements, as set forth in the Representation Letter. Section 8. Continuing Disclosure. 8.01. Limited Continuing Disclosure. In order to qualify the Bonds for limited 12 continuing disclosure under paragraph (d)(2) of Securities and Exchange Commission Rules, Section 15c2-12 (the SEC Rule), the City makes the following factual statement and representation: As of the date of delivery of the Bonds, the City will not be an obligated person (as defined in paragraph (f) of the SEC Rule) with respect to more than $10,000,000 in aggregate amount of outstanding municipal securities, including the Bonds and excluding municipal securities that were exempt from the SEC Rule pursuant to paragraph (d)(1) thereof. 8.02. City Compliance with Provisions of Continuing Disclosure Certificate. The City hereby covenants and agrees that it will comply with and carry out all of the provisions of the Continuing Disclosure Certificate. “Continuing Disclosure Certificate” means that certain Continuing Disclosure Certificate executed by the Mayor and City Administrator and dated the date of issuance and delivery of the Bonds, as originally executed and as it may be amended from time to time in accordance with the terms thereof. Notwithstanding any other provision of this resolution, failure of the City to comply with the Continuing Disclosure Certificate is not to be considered an event of default with respect to the Bonds; however, any Bondholder may take such actions as may be necessary and appropriate, including seeking mandate or specific performance by court order, to cause the City to comply with its obligations under this section. Section 9. Defeasance. When all Bonds and all interest thereon have been discharged as provided in this section, all pledges, covenants and other rights granted by this resolution to the holders of the Bonds will cease, except that the pledge of the full faith and credit of the City for the prompt and full payment of the principal of and interest on the Bonds will remain in full force and effect. The City may discharge all Bonds which are due on any date by depositing with the Registrar on or before that date a sum sufficient for the payment thereof in full. If any Bond should not be paid when due, it may nevertheless be discharged by depositing with the Registrar a sum sufficient for the payment thereof in full with interest accrued to the date of such deposit. (The remainder of this page is intentionally left blank.) 13 The motion for the adoption of the foregoing resolution was duly seconded by Member _________________________, and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: whereupon said resolution was declared duly passed and adopted. A-1 EXHIBIT A PROPOSALS B-1 EXHIBIT B FORM OF BOND No. R-_____ $________ UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF ARDEN HILLS GENERAL OBLIGATION UTILITY REVENUE BOND SERIES 2018A Rate Maturity Date of Original Issue CUSIP % February 1, 20__ July 18, 2018 Registered Owner: Cede & Co. The City of Arden Hills, Minnesota, a duly organized and existing municipal corporation in Ramsey County, Minnesota (the “City”), acknowledges itself to be indebted and for value received hereby promises to pay to the Registered Owner specified above or registered assigns, the principal sum of $__________ on the maturity date specified above, with interest thereon from the date hereof at the annual rate specified above (calculated on the basis of a 360 day year of twelve 30 day months), payable February 1 and August 1 in each year, commencing February 1, 2019, to the person in whose name this Bond is registered at the close of business on the fifteenth day (whether or not a business day) of the immediately preceding month. The interest hereon and, upon presentation and surrender hereof, the principal hereof are payable in lawful money of the United States of America by check or draft by Bond Trust Services Corporation, Roseville, Minnesota, as Bond Registrar, Paying Agent, Transfer Agent and Authenticating Agent, or its designated successor under the Resolution described herein. For the prompt and full payment of such principal and interest as the same respectively become due, the full faith and credit and taxing powers of the City have been and are hereby irrevocably pledged. The City may elect on February 1, 2027, and on any day thereafter to prepay Bonds due on or after February 1, 2028. Redemption may be in whole or in part and if in part, at the option of the City and in such manner as the City will determine. If less than all Bonds of a maturity are called for redemption, the City will notify The Depository Trust Company (“DTC”) of the particular amount of such maturity to be prepaid. DTC will determine by lot the amount of each participant’s interest in such maturity to be redeemed and each participant will then select by lot the beneficial ownership interests in such maturity to be redeemed. Prepayments will be at a price of par plus accrued interest. This Bond is one of an issue in the aggregate principal amount of $_________ all of like original issue date and tenor, except as to number, maturity date, redemption privilege, and B-2 interest rate, all issued pursuant to a resolution adopted by the City Council on June 25, 2018 (the “Resolution”), for the purpose of providing money to defray the expenses incurred and to be incurred in making improvements to the City’s water system and sewer system, pursuant to and in full conformity with the Constitution and laws of the State of Minnesota, including Minnesota Statutes, Chapters 444 and 475, as amended, and the principal hereof and interest hereon are payable from net revenues of the water system and sewer system of the City, as set forth in the Resolution to which reference is made for a full statement of rights and powers thereby conferred. The full faith and credit of the City are irrevocably pledged for payment of this Bond and the City Council has obligated itself to levy ad valorem taxes on all taxable property in the City in the event of any deficiency in net revenues pledged, which taxes may be levied without limitation as to rate or amount. The Bonds of this series are issued only as fully registered Bonds in denominations of $5,000 or any integral multiple thereof of single maturities. The City Council has designated the issue of Bonds of which this Bond forms a part as “qualified tax-exempt obligations” within the meaning of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended (the “Code”) relating to disallowance of interest expense for financial institutions and within the $10 million limit allowed by the Code for the calendar year of issue. IT IS HEREBY CERTIFIED AND RECITED That in and by the Resolution, the City has covenanted and agreed that it will continue to own and operate the water system and sewer system free from competition by other like municipal utilities; that adequate insurance on said systems and suitable fidelity bonds on employees will be carried; that proper and adequate books of account will be kept showing all receipts and disbursements relating to the Water Fund and Sewer Fund into which it will pay all of the gross revenues from the water system and sewer system, respectively; that it will also create and maintain a General Obligation Utility Revenue Bonds, Series 2018A Debt Service Fund, into which it will pay, out of the net revenues from the water system and sewer system, a sum sufficient to pay principal of the Bonds and interest on the Bonds when due; and that it will provide, by ad valorem tax levies, for any deficiency in required net revenues of the water system and sewer system. As provided in the Resolution and subject to certain limitations set forth therein, this Bond is transferable upon the books of the City at the principal office of the Bond Registrar, by the registered owner hereof in person or by the owner’s attorney duly authorized in writing, upon surrender hereof together with a written instrument of transfer satisfactory to the Bond Registrar, duly executed by the registered owner or the owner’s attorney; and may also be surrendered in exchange for Bonds of other authorized denominations. Upon such transfer or exchange the City will cause a new Bond or Bonds to be issued in the name of the transferee or registered owner, of the same aggregate principal amount, bearing interest at the same rate and maturing on the same date, subject to reimbursement for any tax, fee or governmental charge required to be paid with respect to such transfer or exchange. The City and the Bond Registrar may deem and treat the person in whose name this Bond is registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose of receiving payment and for all other purposes, and neither the City nor the Bond Registrar will be affected by any notice to the contrary. B-3 IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts, conditions and things required by the home rule charter of the City and the Constitution and laws of the State of Minnesota, to be done, to exist, to happen and to be performed preliminary to and in the issuance of this Bond in order to make it a valid and binding general obligation of the City in accordance with its terms, have been done, do exist, have happened and have been performed as so required, and that the issuance of this Bond does not cause the indebtedness of the City to exceed any constitutional or statutory limitation of indebtedness. This Bond is not valid or obligatory for any purpose or entitled to any security or benefit under the Resolution until the Certificate of Authentication hereon has been executed by the Bond Registrar by manual signature of one of its authorized representatives. IN WITNESS WHEREOF, the City of Arden Hills, Ramsey County, Minnesota, by its City Council, has caused this Bond to be executed on its behalf by the facsimile or manual signatures of the Mayor and City Administrator and has caused this Bond to be dated as of the date set forth below. Dated: July 18, 2018 CITY OF ARDEN HILLS, MINNESOTA (Facsimile) (Facsimile) Mayor City Administrator _________________________________ CERTIFICATE OF AUTHENTICATION This is one of the Bonds delivered pursuant to the Resolution mentioned within. BOND TRUST SERVICES CORPORATION By Authorized Representative _________________________________ ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this Bond, will be construed as though they were written out in full according to applicable laws or regulations: B-4 TEN COM -- as tenants in common UNIF GIFT MIN ACT _________ Custodian _________ (Cust) (Minor) TEN ENT -- as tenants by entireties under Uniform Gifts or Transfers to Minors Act, State of _______________ JT TEN -- as joint tenants with right of survivorship and not as tenants in common Additional abbreviations may also be used though not in the above list. ________________________________________ ASSIGNMENT For value received, the undersigned hereby sells, assigns and transfers unto ________________________________________ the within Bond and all rights thereunder, and does hereby irrevocably constitute and appoint _________________________ attorney to transfer the said Bond on the books kept for registration of the within Bond, with full power of substitution in the premises. Dated: Notice: The assignor’s signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without alteration or any change whatever. Signature Guaranteed: NOTICE: Signature(s) must be guaranteed by a financial institution that is a member of the Securities Transfer Agent Medallion Program (“STAMP”), the Stock Exchange Medallion Program (“SEMP”), the New York Stock Exchange, Inc. Medallion Signatures Program (“MSP”) or other such “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, SEMP or MSP, all in accordance with the Securities Exchange Act of 1934, as amended. The Bond Registrar will not effect transfer of this Bond unless the information concerning the assignee requested below is provided. Name and Address: B-5 (Include information for all joint owners if this Bond is held by joint account.) Please insert social security or other identifying number of assignee _________________________________ PROVISIONS AS TO REGISTRATION The ownership of the principal of and interest on the within Bond has been registered on the books of the Registrar in the name of the person last noted below. Date of Registration Registered Owner Signature of Officer of Registrar Cede & Co. Federal ID #13-2555119 STATE OF MINNESOTA COUNTY OF RAMSEY CERTIFICATE OF DIRECTOR OF PROPERTY RECORDS AND REVENUE AS TO REGISTRATION WHERE NO AD VALOREM TAX LEVY I, the undersigned Director of Property Records and Revenue of Ramsey County, Minnesota, hereby certify that a resolution adopted by the City Council of the City of Arden Hills, Minnesota, on June 25, 2018, relating to General Obligation Utility Revenue Bonds, Series 2018A, the amount of $__________, dated July 18, 2018, has been filed in my office and said obligations have been registered on he register of obligations in my office. WITNESS My hand and official seal this _____ day of _______________, 2018. Director of Property Records and Revenue Ramsey County, Minnesota (SEAL) Deputy STATE OF MINNESOTA ) ) COUNTY OF RAMSEY ) SS. ) CITY OF ARDEN HILLS ) I, the undersigned, being the duly qualified and City Clerk of the City of Arden Hills, Minnesota (the “City”), do hereby certify that I have carefully compared the attached and foregoing extract of minutes of a regular meeting of the City Council of the City held on June 25, 2018, with the original minutes on file in my office and the extract is a full, true and correct copy of the minutes insofar as they relate to the issuance and sale of the City’s General Obligation Utility Revenue Bonds, Series 2018A, in the original aggregate principal amount of $________. WITNESS My hand officially as such City Clerk and the corporate seal of the City this ______ day of ___________________, 2018. City Clerk City of Arden Hills, Minnesota (SEAL)