HomeMy WebLinkAbout2018 08-08 CC PACKETCity of Gem Lake, MN
City Council Meeting
August 8d', 2018
Call To Order of City Council Meeting -- By Mayor Uzpen at:7:_P.M.
Call of Roll
Uzpen Artig-Sw.omley Lindner Kuny Cacioppo
Others in Attendance: Sign-up Sheet
Approval of City Council Minutes and: Agenda
■ City Council Agenda for this meeting (Accept Agenda)
• Minutes. of the City Council Meeting far July
Committee Reports
Planning Commission Update
OId )Business
■ Newsletter Ideas.
Public Hearing
None
New Business
■ Approve Amendments to. Land Use Ordinance #131
o Resolution 2018 -. 24
+ Continuing Disclosure Certificate For Ehlers as. Our Bond Repd
■ Travel Policy
+ Tree Policy
o. Resolution 2018 -21. Willow Lane. Elementary School
■ Resolution 2018 -23 ApprovaI of Hy-Vee development on Hoffman.Road.
o Subject to the. movement of a strip of land.out of Vadnais Heights into Gem Lake
+ Approval of the. New Liquor Ordinance:#9.
+ Claims for August, 2018
■ Monthly.Tinancial Reports
• Presentations from the public .2 minutes maximum presentation
■ Open Items for the Council Members to bring up:
Future Council Meetings
■ Workshpp Meeting: in September cuiceled
• Next City Council Meeting Sept 18th at 7:00 P.M.
Adjournment
■ Tlie. meeting adjourned at
City of Gem Lake
City Council Meeting —August 8, 2018
Meeting Minutes
Mayor Uzpen tailed the meeting to order at 7:00 p.m. Councilmembers Artig-Swomley, luny and Lindner
were present. Councilmember Caciappo was absent (excused)..Others in attendance: City Attorney Chad
Lemons, City Engineer Justin Gese.,.City Finance. Director Torn Kelly, Laurel Amlee, John Birkeland, Greg
Marti, Peter OswaId,..Dennis Olson and an unnamed. reporter from the White Bear Press.
August S. 2018, Agenda
The agenda was amended to table the following items to the September City Council meeting. free
policy, Resolution 2018-23, Approval of HyVee development on Hoffman Road, Liquor Ordinance #9.
The following items were added to the agenda, appoint Gloria Tessier as interim city clerk and discuss
traffic on Goose Lake Road. A motion was made by,Councilmember Artig=Swomley, seconded by
Councilmember Lindner to approve the agenda with changes for August 8;.2018, motion passed.
Agenda approved.
Minutes
A motion was made by Councilmember Artig=Swomley; seconded by Councilmember Lindner to approve
the July 10, 2018, City Council minutes. Motion passed, minutes approved.
Committee Reports
Planning Commissioner Chair Ben Johnson reported on the planning commission meeting that took
place 0n Tuesday, August 7. The council met to discuss the liquar.ordinance and update on HyVee. John
Bieke land, property owner of Cafe. Cravings, Country Lounge; White Bear Floral and several homes on
the south side of Hoffman Road brought up his concerns about the cost of repair replace in the future of
Hoffman Road. .He estimates the costs to .be over a milliondollars and would cause him to go out of
business. He is.in favor of the HyVee, howeverjust concerned aboutthe cost of redoing Hoffman Road.
if and when that takes place. HyVee made a brief presentation on their proposed building on Hoffman
Road.
Newsletter.
August/September, update on the Villas. bonuts with a Cop/Golfing at Gem Lake Galf Course Friday
morning teen golf, HyVee update, Coffee with a Cop, September 18; City Council meeting, Sch0uneman
Road (business district) completion:
New Business
Approve Amendments to Land Use Ord inance.#131- Resolution 2018-24
A motion was made by Councilmember Art ig-Swomley, seconded by Councilmember ncl to approve
the arrmendmerits to the Land Use Ordinance. Motion passed; Resolution approved.
Continuing Disclosure Certificate for.Mers as Our Bond Representative
Finance. Director Tom I(elly gave an overview of changes since.1995 (EMMA and FCQ requirements for
bonds. Councilmember Artig:Swomley made a motion to approve the contract with Ehlers as our bond
representative, seconded by Councilmember Lindner. Motion passed, Contract approved.
City of.Gem lake City Council meeting minutes August 8, 2018 Page 1
Travel Policy for.Mavor, CounciImembers: and: City Staff
A motion was made by Counciimember Artig=Swomley,. seconded by Councilmember Lindner to approve
the Travel Policy. Motion passed, travel policy approved.
Resolution 2018-21 Willow Lane Elementary School
A motion was made by Councilmember Lindner, seconded by Councilmember Artig-Swomleyto approve
Resolution 2018-21. Noted.that teachers should use.funds.far school supplies and books for classroom
libraries. Motion passed, resolution approved.
Claims
A. motion was made by Cou.nciImemberArtig-Swo.mIey, seconded by Counciimember Lindner to. approve
the claims. for August. Motion passes. Claims approved.
Interim City Clerk.— Gloria Tessier
The current city clerk is out ❑n a medical leave which requires an.interim.clerk be. appoi nted.untiI she
returns: A motion was made by Councilmember Lindner; seconded by Counciimember Artig-Swomley to
appoint. Gloria Tessier as interim city clerk until December 31, 2018, or whenever the current clerk
returns. Motion passed. Interim City Clerk:approve.d.
Open Items/Residents/Councilmember Comments
Traffic on GooseLake Road, drivers speeding not paying attention to cross walks for golfers, possibly
more signage for cross walks, bushes needs to be cut back, almost a fatality from a speeder. Contact
Ramsey County -a..bout more signage for cross walks. Sign for Hoffman Road and 5cheuneman Road
needs to'be put rack up, Mr. Gese will contact the county to check on status. Greg Martz—AM/PM --
dudng theScheuneman Road construction it was 'impossible.to. get cars in and out ofthe shop, road
basically a rnud pit and impassible, and it cut into Mr. Martz's income.. Justin Gese — should have
notified the city right away about this. Laurel Am lee —agrees with Mr. BAeland's comments about
Hoffman Road, again;. happy to have HyVee. Mr. Gese-- the. :sanitary. sewer on Hoffman Road. wiII be
relined this. year. if there is a repair, a cost analysis will be done. Cou.ncilmember. Lindner —bus rapid
transit meeting about the County Road E Station, 'Tuesday, August 14, 1,00 p.m. — 5:00 p.m. — Buerkle
Buick. $450 million for a bus line? Am I missing something?
Next Meetings/Workshop
September 10, 2018, workshop.cance€led.
Adjournment
Being.there no further business, following a matio.n from Councilmember Artig SwomIey; seconded by
Councilmember Lindner, the meedngadjourned at8r14 p.m.
Respectfully submitted, Gloria Tessier.
City of Gem Lake City Council meeting minutes August 8, 2018 Page 2
City of Gem Lake, MN
Resolution No. 2018 24.
A RESOLUTION APPROVING the amendment to the Land Use Ordinance
WHEREAS, The City of Gem Lake has made changes to the Land Use Ordinance adding
more uses:
BE IT RESOLVED, that such changes are needed and approved,
WHEREUPON,. the above resolution was adopted at. the August 7�' Gem Lake meeting of
Ramsey County Minnesota, made by Council Member XXXXX and seconded by
Council Member XXV(XX. With a vote of XXXx yes and XXX no:.
ATTEST.
I, Tori Leonhardt, the duly qualified City Clerk of the City of Gem Lake, County of
Ramsey, State of Minnesota, do hereby certify that. the. foregoing resolution is a true. and
accurate representation of action taken by the. City Council of the City of Gem Lake on
the date first written.
Tar! Leonhardt,. City Clerk Date
49 EHLER
w ws IH Puet[c r1HAHCE
May 1 b, 201 S
Tom Kelly
City Treasurer
City of Gem Lake
4200 Otter Lake Road
White Bear Lake, MN 55110
Re: Letter of Engagement to: Retain Ehlers as Dissemination Agent for Issuer Continuing Disclosure
Required UnderSecurities. and Exchange. Commission (SEC) Rule 15.c2-12 (the "Rule")
As an issuer of municipal. securities, the:City ("Issuer") is required to comply With all continuing disclosure
obligations enumerated in. the Continuing Disclosure.:Agreement/Certificate/Undertaking (CDU) associated
with each issue of securities subjectto. the Rule. Many Issuers have CDU's that vary significantly from one
CDU to another: .Ehlers & Associates, Inc. C"Ehlers") can help you comply with all. CDU obligations as
Dissemination Agent. Fulfilling this obligation requires research,. preparation and filing of disclosure reports
within. specific time frames.
This Letter of Engagement ("Letter") is being presented to memorialize and clarify the terms of the Issuer's
engagement of Ehlers as .the Issuer's Dissemination Agent, In this regard:, Ehlers agrees to provide Issuer
With those services .described in Appendix A ("Services"). Ehlers -shall be entitled to compensationby the
Issuer also as described in Appendix. A.
This.Letter shall be effective as of the date of its execution by thedssuer and shall remain in effect for a period
of one (1) year (the. "Initial Term"). This Leiter shall:renew automatically on each. anniversary of the
'.effective date of this Letter (each an "Additional Term"). Notwithstanding die foregoing; this Letter inay be
terminated by either party upon sixty (50) days,prior written notice.. The Initial Term And each.Additional
Term shall collectively lie referred to herein as the "Terre".
In ardor to perform the engagement, Issuer agrees to provide Ehlers all documents .and information as are
deemed necessary to fulfill the Issuer's reporting requirements under.each respective CDU, and within the
applicable timeframc(s) ("Disclosure Information"). With respect to Issuer's obligation to report: the
occurrence of any event for which amaterial event -notice ("Event.Notice") is to be filed, Issuer shall provide
Disclosure Information related to. the event to Ehlers within five (5) days of its occurrence.. All other
Disclosure. Information must be provided to Ehlers within fourteen (.14) days. of Issuer's.receipt of any such
;request from Ehlers. If Issuer: fails to provide any Disclosure Information to Ehlers in.accordance with the
foregoing,: Ehlers shall not. be. held. liable. for any reason in the event that any necessary disclosure filing is
y r..
E^sa�J.`v.:�L•��t� �ttis��.i����f,�al��,,.4
not disseminated to the appropriate party within the applicable timeframe(s). Further, if for any reasori Issuex
rails toprovide requiredDisclosure Information to Ehlers. in accordance with the foregoing and Issuer's delay
results in any. disclosure. filing being after a stated deadline, Ehlers shall,without further direction or
instruction from Issuer; file:a notices) with the applicable. recipient .submitting information pravide.d by
Issuer, ifany, and/or describing the failure and providing any other information as Ehlers deems appropriate..
Ehlers shall deem all Disclosure Information provided to it.by the Issuer to be accurate and free of defect, as
well as not containing any material misstatements, falsehoods, or omissions offact. Issuer acknowledges that
Ehlers shall be entitled to rely on all Disclosure Information provided by the Issuer without further
investigation as to its completeness or accuracy.
Issuer shall indemnify, hold. harmless and defend Ehlers. from and against any damages; costs. or other
liabilities (including.reasonable attorneys' fees) arising from or relating to any breach ofthis Letter. by Issuer,
including, but not limited to, damages, costs and other liabilities arising out of any Disclosure Information
received. and disseminated by Ehlers. Further,. in no event. shall Ehlers' total aggregate liability .under this
Letter be in excess of the amount of fees paid by :Issuer to Ehlers during. the Term then in effect
notwithstanding anything contained herein. In addition, Issuer acknowledges .that. Ehlers shall ,not be.
responsible and/or liable far: any errors, misstatements or omissions associated with any continuing. disclosure.
report or filing, or. for the correction thereof, that was prepared or disseminated by. any party other'than
.
Ehlers.
This Letter constitutes the .entire agreement between the parties and is intended to supersede any and all
agreements„ whether oral or written,: between the parties that were entered into relative to the subject matter.
hereofprior to the effective date of this Letter: No amendment ormodifcatiori of this Letter shall be deemed
valid unless made in writing and signed by .both. parties.
This Letter covers the -Issuer's current outstanding securities. The Issuer may request. in writing that Ehlers
act as the Dissemination. Agent on. any .future. securities .subject to the Rule.
If our engagement under the terms of this Letter is acceptable, please sign this Letter in the. appropriate
signature. block below and return a. signed copy to us for our records. If, however, you do not wish to engage
our services, please note that.election and return. a. copy. of this. Letter to us.
Please contact me. if you have, any questions .or would like to discuss our engagement further.
Sincerely,
Ehlers
Todd Hagen
Sensor .Muni cip al .Advisor
SO ACCEPTED BY ISSUER
.Issuer hereby accepts this Letter and engages Ehlers to provide the services noted herein: and. executes this
Letter as of the date noted below:
By:
Name:
SO DECLINED BY ISSUER
Title.;
Date:
Issuer hereby acknowledges that it will be responsible for updating. and. submitting. all necessary. continuing
disclosure reports:and..filings as may be required of lssuer without the assistance of Ehlers. Issuer further
acknowledges and -agrees that Ehlers assumes no -responsibility for the compilation and/ submission of any
such continuing disclosure reports or flings:
13Y. Title:
Name: Date:
APPENDIX A
EHLERS DISSEMINATION AGENT SERVICES AND FEES
Ehlers' continuing disclosure services are designed to assist the Issuer in meeting its continuing disclosure
obligations. Depending on the size of a transaction and the total:amount of debt outstanding at the time of
issuance, different debt :issues may besubject to different reporting requirements. Ehlers will provide the
services identified below, which are reflective of the Issuer's requirements under its respective Continuing
Disclosure Undertaking (CDU.). In no event will Ehlers. assist Issuer assessing whether information.
provided or:omitted as part.of:an annual filing is "material' or whether an. event is "material" under: the
federal securities laws requiring the filing. of an event notice.pursuant to a CDU. If the Issuer. accepts this
letter and engages Ehlers as..the Di ssen inationAgent, Ehlers.shall provide: the following` services and charge.
the following fees:
Full Disclosure Services.
.Background
Since 1995, Securities and Exchange Commission (SEC) rule 15c2-.12 (the "Rule'.') has re.quiredunderwriters
of municipal securities to ensure that issuers are obligated to provideperiodic reporting of specific
information with respect to certain issues of municipal. securities. An issuer is classified as a "full disclosure"
reporting entity when it issues securities subject to the Rule in an amount of $l.million or more, and :further
provided that total securities subjectto the Rule and.currently outstanding exceed $10 million. Full. disclosure.
reporting entities must:
• File reports consisting of specific information at. least annuallywith the Municipal Securities Ruleinaking
Board's (MSRB). Electronic Municipal Market Access (EMMA) system (http:llemma.msrb.or].
File "Event Notices" regarding enumerated events specified in SEC rules and CDUs within 10 business
days of occurrence. Event Notices are filed through the same. EMMA system.
`Description of Services
Issuer engages%Ehlers to provide the following services:in connection with the preparation and.dissernination
of Issuer's continuing disclosure reports and. Event Notice filings in connection with: all. outstanding debt
issues of Issuer subj ect to the Rule and for which continuing disclosure reports. or filings are required. During
the Term ofthe engagement, Ehlers shallprovide the services hereinatlerdescribed with respeetto all existing
;and future securities of the Issuer subject to the Rule and having continuing disclosure. requirements, Ehlers
shall.provide these services for.any other securities of the Issuer when requested. in. writing by the Issuer:
Annual Filings, or More: Frequently,. if Required
a. Review and catalog of all Continuing. Disclosure Agreeinent/Certificate/Undertaking (CDU}'.s of
Issuer relative to current: and:future.issues of securities subject. to the Rule..
b. Creation of a timetable. for the anticipated; schedule of events relating:.to the preparation of Issuer's
annual (or more frequently, if required) continuing disclosure report.
c. Collection of information from third parties and Issuer; as applicable, to the .extent .necessary to
prepare the annual (or snore frequently; if required) continuing disclosure report..
d. Preparing the annual (or more frequently, if required) continuing disclosure.reportin a standardized
format acceptable for submission to the EMMA system, or any future industry standard.
e. Submission ofthe annual (or more frequently,:ifrequired) continuing disclosure report and any Event
Notices to the designated. recipient. based on`the applicable CDU'.s of Issuer and all laws; rules and
regulations relative thereto.
L Delivering.a copy of any.report or notice submitted.in accordance with. (e..:above) to Issuer for its
records, as well:as caiifirinations of receipt of filing(s).
g. Respond to Underwriter/investor inquiries and requests:
h. :Providing recommendations to. Issuer relating to. future continuingdisclosure. related. matters.
Event Notices
a, Informing Issuer of the types of events 'that tray require the filing ❑ f. an "Event Notice" and the
required reporting period for such notices.
b. Notifying Issuer of any information Ehlers discovers that inay require the filing of an. Event Notice,
and preparation and filing of the required Event Notice.
c. Upon notification by Issuer of any circumstances that may require the Aling of an Event Notice;
preparing, filing; and:providing confirmation of filing the required Event Notice.
Description of Fees
Full Disclosure Services fees shall be assessed as follows:
Number of Issuer Continuing Disclosure Undertakings
Annual Fee
One (1) to three (3) CDU'.s
$2;Soo
Four (44) to six (6) CDU's
.$3;300
Seven.(7) or:more CD.0 s
R800
Plus any out of pocket expenses.
S eciai Circumstances
lf.an Issuer's CDU.requires periodic. filings (quarterly or:semiannually) in addition to the. annual filings, a
fee of $500 per required CDU filingshall.be assessed,
(Limited Disclosure Services:
:Background
{Ili 200,. the. Securities and Exchange Commission put into place revised rules. regarding a Iiinited scope of
continuing disclosure requirements for certain municipal securities issuers. These rules apply to any
securities issued on or after. July 1; 2009 in amounts of $1 million or rnore.and where the Issuer's total
;amount of principal outstanding and subject to the Rule is less than $10 million upon issuance. Any issuer
!meeting the aforementioned parameters must comply with a limited disclosure undertaking and file annual
;reports. Issuers sul jectta limited.disclosure.requirementsmust .fileaudited financial statements (or unaudited
',financial statements if allowed under a CI7:U) on an annual basis, rather than both. financial statements and
operating andstatistical data.
,Description. of Services
lEhlers. shall provide the following.services in connection with the preparation and disserriination of Issuer's
;continuing disclosure reports. and Event Notice filings for all.ourrent and futureoutstandingsecurities of
Issuer subjeetto the Rule and for which continuing disclosure reports orfilirigs are required. During the Term
ofthe engagement, Ehlers shall provide the services:hereinafter.described with respect
.to all:future issuances
:for which Ehlers provides municipal advisory services and that have continuing disclosure. requirements..
Ehlers will also provide these services for any other issues when requested.. in Writing by. the Issuer.
Services to be provided are as follows:
Annual Filings
a. Review of all Continuing Disclosure Agreement/Certificate/tindertaking (CDU)'.s of Issuer relative
to currently .outstanding issuances:
b. Creation of a timetable for the anticipated schedule ofevents relating to the disserriinatiort ❑fIssuer's
annual updated financial information and operating data,.
c. Submitting. the Issuer's annual. financial statements to the designated'recipient thereof.based on the
applicable CDU's of Issuer and all laws, rules and regulations relative: thereto.
d. Delivering a copy of any report or notice submitted in. accordance with (c above) to Issuer for its
records.
e. Respond to. Underwriter/Investor inquires and:requesfs:
f. Providing recommendations to Issuer relating. to Riture continuing disclosure related matters.
Event Notices
a. Informing Issuer. of the types of events that may require the. filing of an..'Event Notice".
b. Notifying Issuer of any information Ehlers discovers..that..mayrequire the filing of an Event Notice,.
and preparation and filing:of the. required: Event Notice.
c. Upon notification by Issuer of any circumstances that may require the filing. of an Event Notice$
prepare and file the required Event Notice.
Description of:Fees.
Liniited'-Disclosure Services shall be provided annually for. a. fee. of.$75 0.
Future Feb .Changes
Ehlers reserves the right to adjust fees during the Term ofthe. engagement without prior.consent of the Issuer;
but notmorethan. annually. Prior to any fee adjustments, the Issuer will be notified in writing of the revised
fees and their effective date.
.APPENDIX B.
EVENT NOTICES
If any one of the listedevents occurs. in relation.:to the Issuer and/or, any of the Issuer's securities: subject to
this agreement, you:must notify Ehlers at the earliest possible time to discuss .the applicability and the need
for any filing of an Event. Notice.. The Issuer may also lavish to discuss the matter with its legal counsel to
gauge materiality of any occurrence.
Mandatory Event Notices
Principal and interest payment delinquencies
• Nonpayment.related defaults,
-if
■ Unscheduled draws on debt service reserves.reflecting financial.difficulties
• Unscheduled.draws on credit enhancements reflecting financial difficulties
• Substitution of credit or liquidity providers .or their failure to perform
• Adverse tax.opiniorts, IRS notices ormaterial events affecting.thetax status of the security
■ Modifications to rights of security holders, if. material
• Bond calls, if material
Defeasances
•. Release, substitution or sale of property securing repayment of the securities; if material.
• Rating changes
• Tender offers.
Bankruptcy, insolvency, receivership or similar event of the obligated person
■ Merger, consolidation,.or acquisition of th e:obligated person, if material
• Appointment of a successor or additional trustee, or the change of name .of a trustee, if material
Additional I Voluntary Event -Based Disclosures.
■ Amendment to continuing. disclosure.undertaking.
.Change in obligated person
•. Notice to investors pursuant to bond: documents
Certain comrnunications:from the Internal Revenue Service
• Secondary market. purchases
Bid for auction rate or other securities
• Capital or other financing plan
• Litigation / enforcement action
• Change. of :tender agent;: remarketing agent, or other .on -going party
• Derivative .or other similar transaction
• Other.. event -based disclosures
$660,0.00
City of Gem Lake,Minnesota
General Obligation Improvement" Bonds
Series 2018A.
CONTDRJING DISCLOSURE CERTIFICATE
July 12, 20.18
This.. Continuing Disclosure Certificate (the "Disclosure Certificate") is. executed and delivered. by the
City of Gem Lake, Minnesota (the "Issuer") in connection. with the issuance of its General Obligation
Improvement.. Bonds, Series 2018A (the "Bonds'), in the original aggregate principal amount of $660;000.
The Bonds re beingissued pursuant. to resolutions adopted by the City Council of the Issuer (the
"Resolutions"). The Bonds are being delivered to (the "Purchaser"), on the date hereof.
Pursuant to the Resolutions,: the Issuer has covenanted and agreed to provide continuing disclosure of certain
financial information and operating data and timely notices of the occurrence of certain. events. The Issuer.
:hereby covenants and. agrees as follows:
Section .l . PMose of the Disclosure Certificate. This .Disclosure Certificate. is being executed
:.and delivered :by the Issuer for the benefit of the Holders (as defined herein) of the Bonds in order to assist the
Participating Underwriters (as" defined herein) in complying. with SEC .Rule 15c2-1:2(b)(5) (the "Rule").
This Disclosure Certificate, together with. the Resolutions, constitutes the written .agreement or contract for
thoe benefit of.the.Holders of the Bonds that is .required by the.Rule.
Seetion:2. Definitions. In addition to the defined terms. set forth in .the .Resolutions; which
apply to any .capitalized term used in this Disclosure Certificate unless otherwise defined. in this Section, the.
followingcapitalized terms shall have the. following. meanings:
"Annual Report means the. Issuer's. Audited Financial Statements.
"Audited Financial Statements" means the financial.'statements of the Issuer;audited annually by an
independent certified public accounting firm, and prepared in accordance with generally accepted accounting
principles ("GAAP") .for Governmental [hits as Prescribed by the Governmental Accounting Standards
Board.(" OASB") or as. otherwise required. by Minnesota law forthe preceding Fiscal Year,. including a
balance sheet and statement of revenues, expenditures and changes in fond balances.
"Bonds" means the General Obligation Improvement .Bonds, Series :2018A; .issued by the Issuer in
`the original aggregate principal amount of $660,000,
"'EMMA means the Electronic Municipal Market .Access. system operated by the. MSRS as the
primary portal for complying with the continuing disclosure requirements of the Rule.
"Fiscal Year" tnuns the fiscal year of.the.Issuer..
"Holder" means :the person. in whose name a Bond isregistered. or a beneficial owner of such. a Bond.
"Issuer means the City of Gem Lake, Minnesota, which is the obligated .persoa with respect:#o the
Bonds.
"Material Event means any of the events -listed in Section 4(a) of this. Disclosure Certificate.
526746v2.GAF GE190-14
D-2
i
"MSRB" means:.the .Municipal
Suite 1000, Washington, .DC 20005.
Securities Rulemaiting Board.. located at 1300 I Street NW,
"Participating Underwriter" means any of the original underwriter(s) of the. Bonds (including the
Purchaser) required to comply with the. Rule in connection with the offering of the Bonds.
"Purchaser" means
"Repository;, means ENMIA.
"Rule" means SEC Rule 15c2-12(b)(5) promulgated .by the SEC under the Securities% Exchange. Act
of 1934,. as the .same may be amended from time to time,: and including written interpretations thereof by the
SEC.
"SEC" means Securities and Exchange Commission; and any successor thereto.
Section 3. Provision of Annual Report. To the extent such information is customarily prepared.
by the. Issuer and is publicly available, the Issuer shall provide not later. than 12 months after the end of the
;.Fiscal Year commencing with the year that ends December 3.I.; 2018,.the Repository with its. Annual. Report.
The Annual Report may be incorporated by reference from other documents, including. off cial .statements of
debt issues of the Issuer or related public entities,. which. have. been submitted to the Repository or the .SEC.
If the document incorporated:.by .reference is a..fmal official statement, it must also be available. from the
MSRB.. The...Issuer shall clearly identifyeach such other document so incorporated by reference.
The. Annual Report may be submitted as a single document or as: separate documents comprising a
package; and. may cross-reference other information as provided in. Section 4 of this: Disclosure Certificate;
provided that the Audited Financial Statements .ofthe Issuer may be submitted separately from the balance of
jhe.Annual Report..
Section 4. Reporting of Material, Events.
(a) This Section 4 shalI govern the giving of notices. of the. occurrenceof any of the following
`events if material with respect to the Bands:
1. Principal and interest. payment delinquencies;
2. Non-payment related defaults,. if material;
3. Unscheduled draws on debt.service reserves reflecting financial difficulties;
4. Unscheduled draws on creditenhancements.reflecting financial difficulties;
51 Substitution of credit or liquidity providers, or their failure. to .perform;
6.. Adverse tax -opinions,, the issuance by. the Internal .Revenue Service of proposed or final
determinations of taxability,. Notices of Proposed Issue (IRS Form 570I—TEBI or .other
material notices or determinations with respect. to the tags status of the security,..or other
material events affecting .the tax status of the security;.
7. Modifications to rights of security holders, if material;.
526796v2 OAF GE190-14
D-3
Bond calls, if material, and tender offers;
Defeasances;
10. Releaser substitution, or sale of property securing repayment of the securities, ifinaterial;
11. Rating changes;
12. Bankruptcy, insolvency, receivership or similar event of the obligated person;
13. The consummation of a merger, consolidation, or acquisition involving an obligated
person or the sale of all or substantially :all of the .assets of the obligated.. person; other
than in the. ordinary course of business, the entry into a definitive agreement to undertake
such an action. or the termination of a definitive. agreement relating to any such actions,
other than pursuant to its terns, if material; Arid
14. Appointment of a successor or additional trustee orthe charige of name of a. trustee, if
material.
(b) The Issuer shall file a notice of such occurrence with the Repository or with .the MSRB
within ten (14):business days of the occurrence of the Material Event.
(c) Unless otherwise :required by law and subject to technical and economic. feasibility; the
Issuer shall employ such methods of information transmission as shall be requested or recommended by the
designated recipients of the Issuer's information,.
Section 5. EMMA. The SEC has designated EMMA as a nationally recognized municipal
.securities information repository and the exclusive portal. for complying with the continuing disclosure
,requirements. of the Rule. Until the EMMA system: is amended or altered by the..MSRB and the SEC., the
(Issuer shall. make all filings required under this Disclosure Certificate solely with EMIVIA.
Section 6. Termination of Reporting _ Obligation. The Issuer's obligations under the
Resolutions and this. Disclosure. Certificate shall terminate. upon the redemption in fullof the .Bonds of -
payment in full of all the:Bonds,
Section 7. Agent, The Issuer may, from time to time,.appoint or engage.a dissemination agent
to. assist it .in carrying out its obligations under the Resolutions and .this. Disclosure Certificate, and may
;dischargeany such. agent, with or without appointing a successor dissemination agent,
Section 8. Amendment; Waiver. Notwithstanding any other provision of the Resolutions and
this Disclosure Certificate,. the. Issuer may amend .this. Disclosure Certificate, .and any provision of this
Disclosure Certificate may be waived,. if such amendment. or waiver is supported by an opinion of nationally
recognizedbond counsel to the `effect that such .amendment or waiver would not, in and of itself, cause a
violation of the Rule. This Disclosure Certificate, or any provision Hereof, shall .be. null and void in the event
that the Issuer delivers to the Repository, an opinion of nationally recognized -bond counsel. to the. effect that
those. portions of the Rule which require the Resolutions. and this Disclosure Certificate are invalid, have been
repealed retroactively or .otherwise .do not apply to the Bonds. The provisions of the. Resolutions and this
isclosure Certificate may be amended without the consent.of the Bolders of the. Bonds, but only upon the
delivery by the Issuer to.the Repository; of the proposed amendment. and an opinion of nationally recognized
526796v2 GAF GEi90L14
D-4
bond counsel to the effect that such amendment, and giving effect thereto, will not adverseIy affect the
compliance of the ResoIutions.and this Disclosure Certificate and by the Issuer. with the Rule.
Section 9: Additional Information. Nothing in this Disclosure Certificate shall be .deemed to
prevent. the. Issuer from disseminating any other information, using the means of dissernination set forth in
this Disclosure Certificate or. any other means of communication,. or including any other information in. any
Annual .Report or notice: of occurrence of a Material .Event; in .addition to .that which is required by this
Disclosure Certificate. 1f.the .lssuer chooses to include any information in any Annual Report or notice of
occurrence of a Material Event in additionto that which is.specifically required by .this Disclosure Certificate,
the Issuer shall have. no obligation under. thisDisclosure Certificate to.update.:such :information or include it in
any future Annual .Report or notice of occurrence: of a Material Event.
Section 1.0, Default, In the event .of a. failure of the Issuer to comply with .any provision of this
Disclosure Certificate .anyHoIder of the Bonds may take such actions as niay be necessary and appropriate,
including seeking mandamus orspecific performance by court order, to. cause the issuer to comply withits
obligations under the Resolutions and this Disclosure. Certificate. A default under this Disclosure Certificate
shall not be deemed an event of default with respect to the: Bonds and the sole remedy under this. Disclosure
Certificate in the event of any failure of the Issuer to comply with this Disclosure Certificate shall be an
action o. compel performance.
Section 11. Beneficiaries. This Disclosure Certificate shall inure safely to the benefit of the.
Issuer, the Participating Underwriters and Holders from time to time .ofthe . $ands,. and shall create nGTights
in any other person or entity.
(The remainder of this page isintentionally left blank.
526795Y2'GAF GE190w14.
D=5.
IN WITNESS WHEREOF,.we have executed this Disclosure Certificate in our official capacities
effective as of the date and year first written above.
(SEAL)
$26796v2 GAF GEi 90-14
CITY OF GEM LAKE, MINN.ESGTA
Mayor
City Administrator-CIerk
(Signature.. Page to Continuing Disclosure Certificate)
m.
CITY OF GEM LAKE MN
'411if
4200 Otter Lake Road
Gem Lake; Minnesota 55110
TRAVEL AND REIMBURSEMENT POLICY
1. Purpose
The purpose of the travel and reimbursement policy is to establish uniform and consistent
guidelines for the reimbursement of money spent on official city business. The guidelines
were developed using City practices, State regulations, and State Auditor recommendations.
The policy and procedures relative to such travel are..contained in. the following statement.
Travel by City officials and employees to: attend a professional or municipal association.
meeting is beneficial to progressive. local government. A person engaged in such gavel for
the benefit of the City has a responsibility to keep accurate, substantiated records and .:to
submit a request for reirnbursementin accordance with this policy.
2.. Training
The Mayor must approve training .in advance. All out-of-state training must be approved by
the City Council. Whenever possible the City will prepay tuition ar registration costs
directly to the organization sponsoring the training: A.copy of the conference or meeting
agenda listing, registration fees, meals included therein, and official starting and ending dates
must be provided to the finance department with prepayment requests. if it is not,possible to
prepay tuition or registration cost, the. employee will be.reimbursed the cost. Requests for
reimbursement of training costs must include a copy of the conference or meeting agenda
listing registration fees; meals included. therein, official start. and ending dates and proof of
payment..
3. Travel
Mileage will. be reimbursed at the current IRS mileage reimbursement rate. Reimbursable
mileage will. be the lesser of actual miles drivers from normal work location to
training/meeting/conference location or the actual miles traveled from departure location to
destination less the mileage of commute to normal work location. If this results in the
employee traveling less miles, the City will not reimburse the employee:for mileage. When
more than. one City employee uses the same personal car for travel, reiirnbursernent shall be
based upon the IRS mileage reimbursement rate, payable to the owner of the vehicle.
Out -Of -State Travel:
All out-of-state travel must be approved by the City Council. A copy of the conference or
meeting agenda listing registration fees, meals included therein, and official. starting and
ending dates must be provided.
Look for us on. the World Wide Web at gemlakemn.org
Airfare or train fare for out-of-state travel in coach or economy class or the lowest. available
fare shall be the preferred mode of transportation. When authorized, an employee may
choose. to .drive their personal vehicle and will be reimbursed the current mileage rate or the
cost of coach or economy class fare, priced at least 14 days in advance of the travel,
whichever is. less. If the employee travels by some other mode than by air, the additional
time required over the time the air would require will be taken as vacation or compensatory
time for full and part-time employees.. Reimbursement for. vehicular travel. (meals, mileage,
and lodging) shall not exceed what the total cost of what airline travel would have been.
Local transportation such as taxicab and bus fares to and from airport,: train station, lodging
and conference, seminar or meeting is reimbursable only if circumstances. require such travel.
Receipts must be. submitted for reimbursement. Costs for local transportation not pertaining
directly to City business will not be reimbursed.
Rental Vehicles: Reimbursement for the costs of renting a vehicle shall be made only
when the necessity of such. rental is for City purposes.
Travel Credits: Whenever public funds are used to pay for travel or vehicle. recital by
an elected official or City employee, any credits or other benefits issued by the provider'must
accrue to. the benefit.of the City of Lein Lake:
Request for reimbursement must include receipts or statements, clearly stating dates and cost
of travel fares paid and/or cost of the transportation paid.. Reimbursenient,for.rental vehicles
must include dates of rental, vehicle type and fees paid.
4. MeaIs
The City will reimburse the elected official or City employee up to a maximum allowance of,
Sawfor breakfast,24.00 for lunch and $25.p� fox dinner; including sales tax and
gratuities/tips, whichever is less, while on City business. The reimbursement for gratuity/tip
should not exceed 15% of the total costs of reimbursable costs.
Alcoholic beverages are not eligible for reimbursement,
The limits do not apply when meal expense is included in the cost of the. training, conference,
or seminar. Additionally, the City does not reimburse cost .on
.a per diem .basis but for actual
cost incurred..
Itemized receipts must be submitted to qualify for reimbursement and must clearly state. the
date, name of the establishment (pre-printed form), itemized list of purchased items; total,
and gratuity (if appropriate) of -no more than 15% . Reimbursement request without a receipt.
or non -itemized credit card receipts will not be reimbursed.
Elected officials or employees may occasionally be in the position of having to provide.a
meal for other persons who have official. business,°with the: City. In addition, receipts for
thesemeals must include the.name of each person attending the. meal along with a
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description.of the public purposelbenef t of the meeting. The. actual cost of the meals. will be
.reimbursed in these instances however.; the cost of any alcoholic beverages will not be.
reimbursed.
5. Lodging
Hotel, motel .or other authorized accommodationswill be reimbursed at actual cost nuto
exceed the base occupancy rate .and should be chosen based on reasonableness of cost and
proximity to conference, meeting or training site. Each employee shall be allowed a base
room.
Unless previously approved by the Mayor, overnight stays within 6Q rriiles of the City will
not be reimbursed.
Detail lodging receipts must be submitted for reimbursement. The receipts must include the
dates of the stay, nightly room rate and any incidental expenses charged. Only incidental
costs related to the room charges. will be reimbursed.
Lodging costs,: unless previously approved by the Mayor, shall be. reimbursable only from
the night preceding a conference, seminar, or training through the night immediately
following such event.
6. Miscellaneous Expenses
Full-time. employees may receive overtime pay if the. training/seminar/meeting hours
including travel tolfrom exceed. normal work hours. The Mayar -will. approve all. overtime
prior to registering for the training/seminar/meeting. If the training/seminar/meeting hours
including travel to/from are less than the normal work hours employees will. use vacation.or
compensatory time to achieve normal work hours. Employees will be paid eight (8) hours of
paid for traminglseminar/mee€ing, which require overnight stays.
Telephone expenses incurred will be reimbursed only when. their necessity for City purpose
is fully accounted for.
Reimbursable parking is limited to daily parking at destination business (meeting,
conference, training, etc.) site and/or hotel site (when... applicable). Valet parking and all
other parking are not allowable. Detail receipts including date, times and costs of parking
should be.provided when requesting reimbursement..
Gratuities/tips for service providers may be reimbursed as long as reasonable and serve the
public purpose of the trip.
7. Non -Reimbursable Expenses
The City shall not pay for any expenses, of which. the costs are included in. the registration
fees.
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Costs for alcoholic beverages. shall not be reimbursed.
The City shall pay no. expenses. for a.spouselguest who accompanies the city
official/employee to a conference; seminar, or .meeting including the. incremental lodging
expenses. of occupancy rates over base occupancy rates,
The City will not reimburse for personal telephone calls, rental of luxury vehicles; or
recreational expenses such as golf or tennis. unless included as part. of the registration fees. or
previously approved by the%Mayor.
8 Reimbursement Process
To apply for reimbursement, an elected official/City employee must complete a pay request
form.. The completed form with'expenditures totaled, detailed original receipts attached, and
signed should be submitted to the finance department,. who shall review and approve Eby
signing) such request. The Finance Department will review the report.and supporting
documentation for completeness. and accuracy. If complete the reimbursement check will be
processed during the next regular accounts payable processing. If the request is not complete
or supporting. data does not meet policy guidelines, the request will be returned to the
employee.
Any exceptions to this policy must receive approval from. the City Council whenever
practicable prior to the conference, seminar or training..
This Travel and Reimbursement Policy is effective .A.0 st.8 2018 and supersedes all previous City
Travel and Reimbursement Policies.
Adopted by the City Council of Gem. Lake this 8th day of August, 2018,
Robert Uzpen, Mayor
Lnak for us on the World Wide Webat.gemlakemn.org
City of Gem Lake, MN
Resolution No. 2418 -- 21
A RESOLUTION AUTHORIZING THE CITY TREASURER TO DISTRIBUTE A
PORTION OF THE GAMBLING FUNDS TO WILLOW LANE SCHOOL
WHEREAS, The City of Gem Lake participates in the distribution of gambling funds
from the Country Lounge,
WHEREAS, The. City of Gera Lake distributes these funds to local schools and charities,
13E:IT RESOLVED,.that the. City Treasurer is authorized to send to Willow Lane
Elementry School $3,200.0 to be distributed to the 16 teach
ors to be used for scovl
supplies.or to purchase books for the robin library..
WHEREUPON, the above resolution was adopted at the August St' regular City Council.
Meeting for the City of Gem Lake, Ramsey County Minnesota, :made by Council
Member xxxx and seconded by Council Member xxxx.
ATTEST
I, Tori Leonhardt, the duly qualified City Clerk of the City of Gem Lake, County of
Ramsey; State of Minnesota, do hereby certify that the foregoing resolution is a true and
accurate representation of action taken by floe City. Council of the City of Gem Lake on
the date.first written.
Tori Leonhardt, City Clerk Date
816118 at 11:29:41.74 Page: 1
City -of Gom Lake
Check Register - Prepaid Checks
For the Period From Aug 1, 2018 to Aug 31, 2018
Filter Criteria includes: Report order is by+ Check Number-
Chock #
Date
Payee
Amount
1.0555.
.81811:8
City of Roseville
51.63
10566
8018
City of. White Bear lake
5,738.70
105.57
i
818118
Corporate Mechanical
276.25.
105.58
818118
Core & Main
4,507.50
10559
818118
FedEx Office
305.17
i
10560
818118
CiNTAS
6.24.
10501
818118
Innovative Office Solutions, LLC:
142.80
10562
818118
JA.N=PRO CLEANING SYSTEMS
225.00
10563
818118
Kelly & Lernmons, PA
2,751.52
10564
818118
Kriskin Smith
50.0b
10565
818118
CliftonLarsvnAllen LLP
1000.00
10566
818118
Metropclitan Council
2;250.03
10567
818118
Gopher State One Call
25.fi5
I0568
818118
Press Publications
33.10
10559
818118
CenturyUnk
105.76
10570
818118
Ramsey County
1.682.,00
10571
818118
Radarsign, LLC
4,02000
10572
818118
5EH
28,693.08
105.73
.818118
S&S Tree Specialists
363.00
10 74
818118
Willow Large Elementary
3,200.00
10575
8..18118
Xcel Energy
831.42
Total
57,056.73
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CITY OF GEM LAKE
CASH AND INVESTMENT BALANCE STATEMENT
:As of 07131 J201.8
Fiscal Year: 2018
Cash and Investments.
Balance:
Balance
Name of Fund
7/I/201,8
Receipts
Disbursements.
7131).2018
General Fund
$343,290.7.8
S404,413.56
$405,6.81:56
$342,022.7.8
Parks and Playgrounds
$40;I77-M
$1.55,75
$0.00
$40,32.8:28
2604 Debt Service Fund
82.91
Mo 1
$0.00
$2.92
2006 Debt Service Fund
$49,089.83
$191.98
$0.00
$49,291.81
2007 Capital Improvement: Bonds
$51.,493.01
$4.8,967.1.0
%$0,60
$100,460.1.1
Improvement. Fund
. $134,330.55
$20,520.79
$0.00
$154,85 I.34
City Hall Construction
$0.00.
$0.00
$0.00
$0.00
Scheuneman Road Improvernons
($25,148.60)
$626,465.15
$358,6.18.51
$24208.04
HoffinanRoad Improvements
($350,822.35)
S:15,626.93
$1.,393.17
($336,588.59.)
Sewer Enterprise Fund
$477,166.49
$6,5.54.89
$7,629.5.1
$476,092.87
Water )enterprise Fund
$1,665.81
$107
$0.00.
$1,66.8.88
Investment Trust. Fund
$2,148.99
$158:52
$2,301..57
$5.94
S7235389:9S .
$1,123,057;75
$775t623.32
$1,070,82438
Premier Checking
Prernier CD's
Welk Fargo Investments
Wells Fargo Money Market
Gambling Fund Balance
$705,42p.5.9
$0:00
$361,000:00.
$4,403.80
:$1,070,824.38
BALANCE STATEMENT OF GAMBLING FUNDS
Balance Balance
7/1/2019 Receipts Disbursements 7/3112018
$3,419.08 337.00 0.00 $3,7.56.08
MATURE
WELLS FARGO MMKT
1112116 11MI E WELLS FARG6 .CO
4125119 10125117 WELLS FARGO CD:
41412.2 414112 WELLS FARGO CD
.1ULY CASH'& INVE5TMENTS
PRIME INVESTMENT FUND
CAPITAL ONE BANK
HANMI BANK, LA, CAL
GOLDMAN SACHS
INT.
I
AS OF
ACCRUED INTEREST
Cum 9
YIELD
RATE
DAYS_
713112018
INTEREST
DATE
800559D
0.051A
0,05%
30
$705,420.58
$29.39
hsvnu*
12970218
D.01%
0,01%
30
54,403.80
5D.03;
Monthly
1.4042OM72
1,20%
1.20%.
726.
$214,000:00
$1,284,D0.
512 L 1Y2
410493CF5
1.60%
I,so%
547
$107,000, 0.
$856,00
Morilhly
38MANZ4 .
2.90%
2,90%
3050
S40.00p.ti0
55B0:00
414 a10r4
1.1595
1.15Wo
997 51,070,824.36
$2.749.43
RF.VF.NEIES
Property Taxes
Current Property Taxes
Taelinq Property Taxes
Fiscal Disparity Taxes
Penaltias & Interest
Licenses and Permits
General Business Licenses
do -Sala. Liquor License.
dfl Sd-a Liquor Licenses.
dtlier Permits
Tobacco. License
Clnirilwble Gambling License
Corltrac[or License.
Building Permits.
Plumbing Permits:
Mechanical Permits
Flectrical Permits
NPD1"S Permit
Building Plan Review
Fire Marshall Inspection
Septic Inspection I`=
State Permit Charge
Administration Fee.
SeWerContractor License
11critai Licensing.
Dog Licenses
Intergovernmental Revenues
Local Government Aids
Cotinly Gnints & Aids
SCGRI? Recyeling.Gran1
CaSle TV Franchise Feas
Police State Aid
Clt0q" 6rServ1ces
Piannin8 Fees
Plan Review
Engineering Charges
Zoning Chnrgcs
Investment Admin. Charge
Fines nnd.Forfcits
Fines
►iisce[htneuus
[iiten:st Earnings
Iriiscellnneous
Insurance Palmy Dividends
I.'acility Rental
Total Revenues
EXPENDITURE5
City Council
Wages and Safarics
Finployer Paid Insumuce
Adininssr:�tian
Elections
CperSating.Suppiies
City of 0cm Uke
GENERAL FUND
Budgeter. Statement of Ravmntics and Expenditures
For the. Sew rt Months Ending July 5..1, 3018
Carr Mnth
u : t
C-tirf Mal
2018
YTD
YTD
Vic.
tt�
Writing n
%tomplere
Budget
At ttlul
U_ arin,lce
9u Comp let e
3 29.94t.58 $
17,373.71
13,567.85
58.03. S
3R299.00 S
209,102,25
151.19&75
57,92
0.00
11,083.34
(11.083.34)
0;00
no
11;094,60
01;094;6D)
0,00
829,42
48237
347,65
59,16
91953.00
492.64
4,460.36
4.95
0,00
1.903:33
(I,9p3.33)
0100
0:00
1.903.3.3:
0,903.33)
0.00
20833
0.00
208,33
0:00
2,5CU0
1;200,00
1,300.00
48.00
458.33.
0,00
45..8133
0.00
5,500;tl0
1200.00
4.300,00
21:82
16.67
0100
16.67
0,00
200.00
UO
206.00
0.00
83,33
0.60
93.3.3
O.DO
Ij000.00
298,00
703.00
29,90
16,67
0.00
I6.67
0,00
200.00
0.00
200.00
0.00
41,67
0,00
41.67
0.00.
5U0.00
0.00
500,00
0.00
100,00
466.00
(360,00)
460,00
1,200.00
1;000:00
200,00
83.33
833.33
1,81525
(981.92)
217;83
.10.000.00
10,11:2:40
(112.40)
101.12
8333.
0.00
33.33
0,00
1,000.00
1,275,00
(275.0.0)
[37;50
166.67
70,DO
96.67
42,00
2;000.00
620.00
1.Ao. 0
31.00
83.33
0.00
83.33
0.00
1,000.00
440,UO
560,00
44.00
8;33
0;00
8.33
0;00
100.00
.300.00
(100,00)
200,00.
0,00.
I5 L09
(151.09)
0.00
0.00
.1,796.89
(1,196.89}
0.0a
208.33
200,00
31.3
96.00
2,500:00
10,048,00
(7,348.00)
401.93
250,00:
CIO.
250,00
0.00
3,000,00
510.00
2 490,00
17.00
6.25
51.87
(45.63)
829..92
75,00
447.62
(372.62)
596.83
0:00
0.06
0.00
0.00
0,00
.3;685,50
(3,685.St1}
O.w
33.33
0.00
33.33
0.00
400:00
0,00
490.00
0.00
0.60
U.00
0:00
0.0tr.
0,00
100,00
(100,M)
0.()Q
8.33
0.06
8.33
0,00
100.60
210,00
{.l1tl:F10)
310.00
0100
3;001.00
(3,001.00)
Me
0,00
.3,001,00
(3,001.00)
0.00
0.06.
0,00
0,00
0.00
UO
14.52
(14:52)
0.00
0.00;
0.00
(1.00
0.00
0.00
1,035.00
(1,035.00)
0.00
458.33
Ojai
45833
0.00
5,500.00
0.00
53061QO
6.00
254.00
0.00
250,00
0.00
3.000.00
5,111.00
(2,111;00)
170.37
41.67
0.00
41.61
O;OD
506,00
1,66100
{1:103.00}
320.60
250.00
301,70
(51.70)
120,68
3.000.00
2,721.84
278.16.
90,73
0.00
0:00
0.00
0,00
0:00
16.322,23
(16,32?;33)
(WO
O.OU
I75.cu
(i75.t`r0)
n,OD
0.00
675.0a
(675,00)
0.0Q
18.75
80.55
(61,86)
420.60
225.00
45.77
129.23
42.56:.
350.1)0
75.00
17.5,06
3uo
3.090,00
1.001.00
1;949.00
33.37
6&25: 003.55 {M,30)
166,67 0.00 166,67
41.67 0:00 41.67
250.60 851.09. (601.09)
.35 270.58 38,918487 (3:649.29)
025,00
(214,75}
839.7.5
47,83
590AS
(542,32)
125.00
0.00
125.00
0.00
R00.
0.00
543.49.
I,tCm.00
1,391,26
601.90
69:73
0:00
2,000,DD
1.450.0I
549:99
72:SO.
0,00:
500.00
0.00
500.00
0.00.
340.44
:3.000.00
(204,01)
3,204,91
(6.93)
110,34.
423 247.D0
289,952.99
134 294.11
68 27
(34.36)
7,500,60
3;300.00
41?00.00
44:00
1,233.76
314.00
252.45
32I.55
43.98
0.00.
1.500,00
1.63, 50
1.3 36, 50
10190
0.00
0.00
234.33
(234.33)
0,00
5l7120Igal 9751 AM
Contracted Services
Legal * ices
kcpairs & Main[ - Coil v4Onial
FInuriclial Adrnlulslrarlon
Auditing 5crvices
Financial Servlccs
ComptiterScry ices
Legal. Services
1'rnseou[ion
Legal
[,ega6- Land issues
ClerldGeneral Government
Wages and Salaries
Workers compensa[ion
Ent 0loyer Paid: insurance.
otlice Supplies
Postage
Professional Services.
Administration
Web 8lie
Mileage
Compuler Services
Legal Neiicel Aublica[ion
NeivslCOUP&ic Relations.
General Liability htsurance
Property Insurance
Vehlclelnsuranco
Public 0111cials Liabl.itho
Rugavling Collection
Leaguo 6 r M N Cities
RC1.LG
subwdptiions
Planning and Zoning
Professional Services
Engine&ing
Administration
Zon i n g. A dm in ist ra lion
ODES Administrotion
CompTlan Update
Mritage 111111
0peradtig Supplies
Professional ScM. CC3
Can;ract Services
Telephone
hropert}'Insurance
Decide StrYiec
Gas'Semee
Wa[erlScwer Utilities.
Repairs MnlMt Contractual
Reparis 8c Mpint- E3uilding
Police
Reguiar Law Enrorcemznt
Dispntch Costs
Adininislrationl
Fire.
Fire 5erviees
Fire Marshall Scrviee
Animal Control
Animal Removal
City orGetn f uke.
GENERAL FUND
I]udgewd statement of Revenues and Ex-penditnres
For the Seven Months End ing)tily 31.,201.8
01tr Milt
currMnih
e4rhint.2018
YTD
YTD
ud e
Ac%al
Varianec
% Complete
Ar."I
V` ria
aJ cQwj�g
666.,67
0.00
666.67
0.00
8.000.00
? 288.05
5.711.95
?8:66
25.00
:0,00
25.06
0,00
300,00
78,40
221.60.
26.13
45.85.
0.00
45.83
0.00.
550.00
0.00
550:00
0.00
816:67 (2,7.00,00) 3,516,67
2,033,13 4,938 27 (3,904,94)
62,50 0.00. 62,5b
(336.61) 9,800.00 7,300.00 2,500.00
339,44 25.000.00 19,871.10 5,L28.90
0.00. 75D,OQ 1,696,64 (946,64)
74A9
79,48
226..2.2
208.33
0.100
208.33
0.00
2.500.00
333,50
2,16650
13,34
2;50100
3.055,30
(553,30)
1_22;21
30,doluo
8,098.1a
21,901,90
26,99
833.33
0,00
933.33
0,0U.
lubb;00
16.293.50.
(293.50)
t0?.94
.2,666.61
.37.5.40
? 291.27
14.08
32,000.00
13,6AOU
18,350:00
4266
29.17
0.00
74.17
.0400
350,00
377.00
(27,00)
107.71
204.00:
3,777,5.1.
(2;573.51.)
1,361.52
2,448:00
55¢:62
1,891.38
22,74
.108.33
U.00
108,33
0,00
1,300.00
I JO6.27
193:73
85.10
i00:00
286 ,�6
(186.26)
MOM
1,200:00
668.96
331,04
55.75
0106
80.00
(80,Ot7]
0.00
0.00
80.00
puu)
0.00
58.33
0.00
58,33
O.RO
700.00
418.SU
281.50
59,79
79:17
50.00
2917
6116
950.00
541.76.
409.24
5T03
W.U.
25.42
(11.34)
177.74
173,00.
69m
105.72
30,0
268.75
0,00.
268.75
0,00.
3:325.QO
3,935.00
(71(1,00)
122.D2
83.33
167168
(84.35)
2W.22.
1,600;OD
270.60
729.40
27.06
208,33
305,17
(96.84j
146,4.8.
2,560.00
009,58
1290.42
48.39
229.17
0.00.
229.17
0.00
2,750.00
3.251.30.
(501150)
118.24
0.00
0.DO
0.03
0.00
0,00
832,00
(832100)
6.0U
6,25.
O,OD
6.25
0.00
.75,00
19,75
5525
25,00
12,50
0.00
1.150
0.00
150.00
36,50
111.50
14,33
83133.
670,V
162,66
80.48
10,000.00
.4,694.69
.5,305,31
46A5
62.30
0,00
62;50
0.00
750.00
0.00
750.00
0.00
16.67
0.00
16,67
0.00
200.40
0,00
200.00
0.00
4.17
0.00
4.17
O,OD
50.00
0.06
50,60
0:00
4.17
0100
4.17
0,00
.50,00
198.00
(148.00)
39600
1,41E,67
0,00
1,916.67
.0,00
23,00010D
18,751.03
4,24.8,97
81.53
375.QU
714,50
(339,50)
190.53
4,500.00
3;933.50
566.50
81.41
41,67
.0,00
41.67
0,00
500.00
759.00
(25900)
I51,80
833.33
0:00
833,33
0.00.
10,000m
0.00.
10,000.00
0,00
4I66.67
0.00
4;166.67
om
so,000.00
9.,711.91
46.288.0y
R43
41.,67
0.00
41,67
0,00
500.UU
122,00
378,00
24.40
333,33
0.00
333,33
0.00
4,0.00,00
757.00
.3241,06
19498
291.67
225.00
66,67
77.14
3,500:00
1,606.20
1.893.80.
45:89
165.67
155.49
1 1.18
93,29
2,000;OD
942,74
1,057 26
47.14
66,67
0,00
66667
.0.00
SOOM
23100.
56S,00
29,00.
416.67
0.06
416,67
0,00
5,006.00
1,675.05
3,324.95
33.50
125.00
0.00
125.00
0.00
1;500.00
380.25
1,119,75
2S.35
45.83
99.17
(53,34)
216.37
550.00
361,09
188.9I
65:65
166.67
0.00
166,67
O,OO
2,000,00
1213.50
786,50
60,68
500.00
332.13
167.87
66,43
6,000.00
873.63
5,126.37
14.56
5.a16,6?
3,319,72
(1.05)
100.06
63.806,06
30,71.9,07
33,U89:93
48.13
0.00
0.00
0,00
0.04
0.00
260.16
(260..16)
0.00
25.00
130.00
(105.wy
526,00
300:00.
130.00
1.7000
43.33
1,085.42
1,084.70
0..72.
99.93
i3,025DO
7.392.90
5,432.10
58;29
335.42
335.40
0,02
Imoo
4.025.00
2,420.80
1,604,20
66.14
33,33
0.00
.33.33
0.00
400.00
.0;00
400,00
0,00
BOX 18 at 9.51 AM
piy.arGem Lakd
GENERALFUND
&idgcted Statement of Rc�cnues and E.egendilures
For the Seven MontM Ending July 31.'2013
rr Ynth Curr
lvinth
Qt rr Mn1h
ZQU
xM
Y IZ
Budge
Actual
Varianee %
Complet
11d
Actual
Vuilaare
rri la
Animal Enf'orceinent
M67
0,00
16.67
0100
200,00
0.00
200,00
0:00
Building Iupsertion
Building Inspections
1,250.00
2;833.40
(1,583.40)
226,67
15;000 00
6,837:45.
81162.55
45,58
Road A'tnintemance
Signs, Sign Repair Materials
25.00
0.00
25.90
9,00
30.6.00
323.16
(21 tfi]
107.72
Gnginaering.
833:33
0.00
831D
0:00
00
11) 0,00
6.00
10090:00
0.00
NP15ES AdminiArution:
00
401.56
(401.56)
000
0.00
80116
[801.56]
0.U0.
Strce(Ughts
104.17
0.00
104.17
0.00
1,250.00
620,58
629.42
49.65
ROW Ma'imcnance
83.33
0.00
83.33:
0.00
1,000.00
0.00
1,000,00
0.00
StreatRepaIts.
208.33
0.00
368133
0.60
2;560:00
0.00
2.500.00
0.00
bats & 5atiscript=5
4.17
0,09
4,.17
0,00
50.00
39.58
10,42:
79J6.
ice and Snow Rem ovil1.
SA and Sand
583,33
0.00
583.33
0,00
7.000.00
7,074:65
(7.4.65}
101m:
Repairs & Maint- Contractual
193.33
0,00
183,33.
0.00
2,200,00
0.00
3?00.00
0.00
Sno%v Flowing
1,000.00
On
1;000.00
0,00
13,009,00
.12,383.51
(393,31)
193.20
Other Financing Uses
Operating'17nnst'ers OUT
1,666.67
20,000.00
(.18,33133)
1;20100
20,000.00
?Q ONA
0.00
1dO.00
Total E.epanditnres
35,370.58
410.98.65
6,81 U7j
119.33
.433;247.00
216,339.90
206.967.10
51,11
Excess Rev Over {Under} 1"ep
S 0.00
3.16938).
3:169.78
O:M S
0.00. S.
72.612,99
(72,612,90)
0.00
W7I2018 at 9:51 AM
City of Gem LAke
PARKS ANDP1.AYGROUNDS FUND
i3udgeted 8tatomerit of Revenues -and Expenditures
rof the Seven Months Ending July 31, 3419
cfj rr Mn t t
Oirr Mnth Curr
Mnnt $
] TD
YTD
Budect
Actual
Variance °/o Comnletc. f;ud�et
Actual.
Variance °/.Complete
R>�5
Interest Eirnings
5 39.58.3
1'55.75
116,17 393.47 5 475M 5
2I3,34
259.66 45,33
Total itevenucs
39.59
155.75
116.17 3.93.47 475.00
.215.34
359.66 4533
NPENDITURES
Total. Expenditures
0:00
0:00
OM
0.00.
0.00
0.00
0.00
0.60
Exuss Rev Over (Urder} Exp.
$ 39.58 S
155.75
1 16.17
393;47 S
475.06 S
115.34
359.66
45.33
817CO18 at 9:53 AM
Cit}•dfGem lake
1004 DE13T SERVICE FUNID
Budgeted Statement of -Revenues and.Expenditures
For the seven Months Ending July 3.1, 2018
Curr ivinih Corr Mnt1i Cutr Mnlh 2018 YID
Bud a etual Varit e °I° Complete Budget Ac al Varianee °iv Corg 41i
Tnteresl Eamings 5 5.43 S 0.01 (5.4i). tolls S. 65.00 s 3.07 6U3 4.72
Total Revenues .5.42 0:0] t5.41 ] 0,18 .65.00 .3.07 61.93_ 4.72
E?(PEN111TURF.S
1,061 Expenditures.
if.00
0.00
0;00
0.00
0.00
0.00 ..
0.00
U o
Excess Rev Over (tinder).Exp
S 5:42.$
0:01
(5.411
.0.15 s
65.00 5
3.07
61.43
4.7?.
a77l2nSB a19;5sMM1
City of.0em Lake.
2006 DEBT MWME FUND
13udgeted.5tatemenI ofRvenues and Expenditures
Far the Scyeri Months Ending Judy 31, 2018
tit Cur rr M l awl m
id *et &L9 Variance "K Cumnlete Sudeel SS4fl1 Variance %Complclt.
Interest Farnings: $ 39. 1.7 5 I91.98 152.81 490.16 5 4.70.06 $ 263.57 206.43 $6,08
Total Revenues _ 39.17 191.98 152.81 490.16 470.00 26157 . 206.43 56.08
EXPENDITURE
Final Agent Fees
0,00
0.00.
0,00
0.00
0.06
1,399,00.
(099.06)
0,00
Totalndiiures
0,00
.0.00
0.00
0.00
.0.00
1,399.00
1,399.00
0:00
Vxdess Rev Ovcr(Under) C.ep
S 39.17 $
191,98
152,81
490,16 S
470.00 [$
1.135,43j_
I.G05.43
(241:58)
817I261 a: at 43;67 AM
City. of Gem Uke
2097 DEBT SERVICE F1, D
_
Budgeted
5latement.vf. Revenues and G peneiilnres
For the Seven Months Endingluly31, 201.9
Curr Will Curr NInih Cuff Mnth
7918.
Y
y�
13udeef
Actual Vziriallce.
%CoMrlletc
Budsat
ctU l
Varisncc
°6Coin pI
REVE�LIF.S
Currant Property Taxes
S: 7,033.25:5:
45,798? 1 M,764.96
65H7 $
84,39%00 S
47,414,17
30M,23
SG.l $
�elipquentPropcnyTnxes
0.00
2,858.7I. 2.958.71
0.00
0,00
2.862.21
(2,862.21)
.0,60
Fiscal Disparities
0.0.6
1.10,56 110.56
0,00
9,00
11171
(1117) )
0.00
[nlcrtaEarnings
97.50.
199,62 102.12
204.74
1,170,00.
343.36
836.64
29:35
Total Revenues
7,130.75
48;967.10 41,936.35
686,10
85.569,00
50,73105
34835.95
59,29.
F:\PEh Qi_TLFHF5
Principal
5.,000.00
6.00 (5,000;00)
P.M.
:60.000,00.
00,000.0.0
0.0.0.
100.00
Interest
I j31192
7,690,00 6;377.08
585.73
15,755.00
15,755,00
0.00
19D.00
lriscni Agent Fees
45.93
0.00 (45.83)
too
550,00
450,00
100.00
81.82
Total Expenditures
6 358.75
7,610.00 1.331.25
120,94
76.305.00
76,203.00
IGU.001
99.37
Excess Rey Over (tinder) F,:0
$ 772.00.$
41,s77.1t7 40. U 16
5,346;77 $
9.26400 (i:25,471.95]_
34.735.95
(274.96)
: 8=018 at 11:68 AM
City of Gam Lake
IMPROVEMENT FUND
Budgeted Stntemenl or Revenues and Expenditures
For the Seven Montlos.Erding Julr 3.1, 2018
rr mmil
cummtttll
u M th
2w
YJ._L YTD
Q �
c! m
V_ nriance
Z Com Mai
OKIug VarigllSc. %Complete
REVEN'LiEs.
Transfers.Fiom Other: Funds
$ 0.06 S
20,000,60
20,000.00
0.00 5 0.00 $
20,000.00 (20,000.00) 0:00
Interest: Earnings
97,50
520.79
423.39
534.14 1,170,00
718.01 451.99 61.37
Transfers From MerFimds
1,666.67
0.00
(1,666,67)
0.00 20,000.00
0.,00 20,000M 0.00
Told Revcows 1,764.17 20,520.79 18.756.62 1,163.20 21.170.00 20,718.01.. 451,99_ 97.86
li �PI;iV Q I'1'11F�ES
Totes] $spenditures
OM
0.00
0.00
0,06
a.a0
t7:00
0.6a
0.90
Exccss Rev Ovcr (Uri du) Exp
$ 1,764,17 $
. 20,520.79
i8,756:62
1,163.30. $
21,170.00 S
20,718.6I
431.99
97.S6
8r7COI D at 1101 AM.
City proem Lake
5CHEUNEMAN ROAD IMPROVEMENTS
Audgeted Stalunent of Revenues and Expenditures..
For Ilie Seven Monfhs finding ]uly:31, 2018
Curr Mnih
CarrMnil
Curr Mnj
z018
YTD
Budiza
c ua1
Variance
?I 1
Rudw
Aqlul
Variance
4� ComMele
REVENUES
Interest Eamirip
S. 2.92
t5 78.94)
(31,86)
(2,706.51) S
35.00 .i'S
97,64)
123.64
(1-50.40).
Bogd Procuds
0.00
660,000.00
660;000..00
0,00
0.00
660,000.00
(660,000.00)
0.00
Bund Premium
0.00.
19,227,15
19,227.15%
0.00
0.00
19,227,15
(19;237.15)
6.60
TowlRevenlles
2.92
679.148,2I
679A45.29
23285,054.37
35;00
679.139.51
(679.104,51)m
1.940,393A
k,Nl°4.N WITHES
Engineering.
0.00
6,034.51
6.034.51
0.00
O.Oa
42,28126
(42.282,26)
0.06
Miscellancaus
0_f3i1.
0.00:
0.00
000
0.00
5,RU0,00
(5,000.00)
0.0o
Legal .Noliec Preparation
0.00
000
0.00.
0.00.
0,00.
1,016.62
(i;0.16.63)
0,00
Coilsnciion
0.00
344,815.06
34015.06
0,00
0.00
3.d4,8(5.06
(344.H5,06).
0.00
Bond Discount
4.UO
23,760.00
23,760,00
f1;00
0.00
2.3,760.00
(23.760.00)
0.00
Band Issuance Costs
O) 00
29,002,00
29,002.60.
0.60 .
0;00
29.002.90
(39,062.60).
0100
Tpt61 Espcndiwes
0.00
403;611.57
403.611.57
0.00
0.00
445,875.94
(445,875.44)
D.60
Excess. Rev. 0ver(Under)E.xp 5 2.92.S 275,536.64 275,533.72 9,446.959.72 S 35.00 S 233263.57 1233,228.57) 666,46.7.34
0712018 M 1 t,59 AM
City of Gem Lake
HOFFMAN ROAD IMPROVEMENTS
Budgeted Statement:of Revoues and Expenditures
rorthe Scven Months Ending 1u1y31,.3018
F.Urr Mn(h
Curr Mnth
Curr Mnrj
2018
YTD
Dkidget
Actna€
Variance
yo-CompIct
jidgel
Acluol
Variancc % Cglul
etc
RF,1'ENUU
Current Special Assessrwts
$ 5233633 S
14,430:60
9,I8727
275.55 5
62.,806,00 #
€4;731.78
49,069.22
D A6
PelhtgSpecial. Assessments
0.00
974.26
97426
0:00
0,00.
974:?fi
{974.?6�
0.00
Pennines & Irac"t
0,00
233.07
232,01
`6,00
0.00
353.19
(263.19)
0,00
Interest.Eamin;s
{394,58)
(1,393..17)
(999,59)
353.07
(4,M.00)
(1,613.00)
(3,122.00)
34.07.
Total Revenues
4,839675
14 233.76
9.395.01
294.15 _
S8,06ibO
.14,35613
43,708.77
202
gXPENDULTBES
Engineering 0,00 0.00 0.0a 0,00 0.00 1.740.26 (.1,740.36) 0.00
Total Expenditures 0.00 0,00 0,00 0.00 0:00 .1.740:26 (1.790.26) 0.00
Excess: Rev Over{Under] Up S 4,838.75.S 14,233A 9;395.01 294,16 S 58.065,00 5 12.615,97 45,449,03 2133..
BUM!Bat 91!45 AM
Cily cf Gtrh Lni:e
SEWER ENTERPRISE.FLIND
Budgeted State nwnt.of Revenues and Expenditures
For the Seven Months Ending July31, 20.16
CurrlMmh Ctirr: Mw cufT Mnt YM m
BI&E gwt Vari lnce °ti Comulcte r4 Am —al V, , 6i N %comnlctc
HF1'mlf,
Local SAC
5 0,00 5
0.00
0.00
MUM SAC
0.00.
0.00
6,00
RcsidcnlialSover Revenucs
1,250.00
0.00
(I,250.QD)
Commercial Sewer Revenues
2.083.33
0,00
(2,093,33)
See r Charges. • OZIinquetit
0.00
44.86
44.86
Sewer Gate Charges
208,33
0,60
(208:33)
lutensl Earnings
434.17
1.718.36
1,784,19
Total Remues.
3,975.83
063.22
(3,212,631
E\PENDI.tMU
gflice.Supglics
41.67
0.00
(41,67)
Postage
m83
0.00
(20,93)
Audil'ing Services
2250
2,700.40
2,475.00
Engineering
416,67
0,00
(416,67)
MCES Charges
2.500.00
2,25.0.01
(249;99)
Lor mcs
83.33
218.35
135:02
Finaltcial5crviccs
268,33
0.,00
(209.33.)
Computer scmces
6..25
0:00
(6.25)
Melsa SAC Charges
.0.00
2,460,15
.2,460.15
Repnirs&Mainz- C011tractuMi
333.33
o.DU
(3D.33):
D.epreciatiurt
i.041.67
0:00
(1,041.67)
SewerTclevise Hushing
1.,OOOM
0.0D
(1,000.00)
Towl Expendilures
&977.08
.7.628,51
1,75IA3
Excess Rev ovct (Under) Ex(i S 1,961,251 S 5.865.29} 3,964.64]
ud 5
0.00 5
(,006:00
{1,00om)
0.00
0.00
0,00
2,495,00
(2,.485,00)
0,00
0,00
15;Oo .00
6,2.36.32
8,763.69
41.59.
0,00
25.000.00
15.906.00.
%OQ4.00
63198:
0.00
0,00
44:86
(44.80)
0,00
0.00
2,500.00
0,00
2,500.00
0400
395.78
S.'_i0,00
2,087.71.
.3,122.29
40.0.7
44,35
.47 710.00
27,849.89
19,960:11 .
58,37
0:00
S00.00
0.00
500.00
OM
.0.00
2517.00
0.00
250.00
0.00
( 200.00
2.700.00
2.70.0.00
o.60
loom
6.06
5,000,00
0.00.
5;000160
0.00
90,60
36,000.00
$5,853.90
14.146.216
52,85
362,02
1,000.00
423.00
577.00
42:30
0,00
2,500.00
0.00
2.500.00
9,00
0,00
75;00
0.00
75M
0,00
0,00
O;OO
2.460.15
.(2,460.15)
0.00
0.00
4,t700.p0
0.00
4.000.00
0.00
0.00
123 300.00
0,00
12,500,00
0,00
0.00
1Z000.00
OM
12,000,00
0.00
129,80
70;525,00
21,436,95
49,088.05
30.40
308.50 Is 22:815.60) S 6,412.0 (29,227.94) (.28,31).
8M201U at 11A.7 AM
Cily of Coal I.-ko
WATSR Eh`rtAFREE FUND
BLIQ41ed Siatemelirof ftiumes raid ExpcildlIUres
For-aie $0renlMonlks rfidilig J WF 31,2018.
Cut, Ninth Ctirr M-1h Vnrr N1 nui gals
Evdp,et Actual va�aate •l6 L'¢mplcle 8utlgcl
Vm YPO
Acliw Vativnca 1.6 cmpte[e
Reredues
Ll'31er xln[rj
F OIN1 F
4.06
U.6[I
ntl0 S
6.t10 5
15i;36
[i35.341
U.1N1
Local il'AC'
OINI
O,W
000
0..00
000
1,n00 tit?
�l,n.[10,001.
i1,0U
C11het WAC
Il.11il
11.00
0 ne!
0 ix1
I1,66
5[16.1n
1SI11t p01
I;jll]
R¢stdrntial Ifter Rn•rnurs.
t1.17d:
100
U.ufl
u nl7
0.00
0.I16
6xia
u no.
ComrilemialWowAtremes
.6-ou
g1p)
.o,110
0013
and
060
0013
nqn
waIeI Rn-cauts = PNlRquernl
U 110
om
000
I7.00
O.pO
0.00
(1,00.
O.OiY
Wow Late Charges
.000
6,w
DO
R,11t1
. fl ON
61191
cou
6,iHl
Imerssl Vamngs
. 60
.3.07
3.0)
0.0(I
_-_U.OQ_--..._.
_-_--3,117
0.117i
Itf10
Tvlai Romm-a. Cmn5 LC .dihcr Suppoli 6 ex! Ss17 Q 07) 61R1 15.116 1,,ZN TT 41 J•$R 37) . _ 13 Po
1:epeadiwres
9pcNjling Supphas
two
0 exl
lix
1160
(1-0
OW
ll,m
0.1O
Postage•
atw
.u,qu
ti.oll
.6.00
O.Uti
f166
0.06
O.Ou
WaloMelasupplie)
O.t)O
wlo
11W
0.00
11.011.
0Af!
cla
6,110
Audn,ng kmices
O.W.
ati6
li o6
I)m
u.00 .
❑,Up
It;u6
(i•Iln
Emgi leenug
11011
W10
L) Ofl
. O.Od
i1.m
a w
U10
(1.110
Legal
0110
Ofia
O,111]
6.90.
11.00
0 Olt
O.lu
[16n
Adlmilliivadun
0.00
0(1q.
ni]c
s100
o,oU
i1.[R)
¢•ntl
nt16
FInanctal Semcei
0.60
0 t%]
11.1%5
000
0 nv
U p0
OAM
01M1
cvmp111pr$cRius
0.00
ll i}d
11 i%1
'n 011
a-w
1) O[t
am
0 Rt.
Rcp3irs S.N M11.
O.Ou
.R 00.
11.0t1
6.Po
.0110
11 ti0
0 [Ili
0 Oa
Oe[ljeclation
11.nI}
11.60
it-im
O.60.
0 0t1
IJ.00
91(KP
Total EspcndBv.ea
4nu
0.tu1
011D
GOO
nalu
0.0(1
n o0
11 W
Ewoss Rorntues Over. Ctpelnlim.as S
11,06 S
3.07
fM11)
6(it) S
WWI s
If.SY 3T
.tI:GS%.371
0t%t
WWS w IT 45 M1 Pip. 5
City Of Gem Lake:
INVESTMENTTRUSTYUN0
StIdgeled Statement of Revenues and Expendituru
For t11c:5cvtn Months Ending }tiiy 31, 201 S
Cfr Milli l Cllrr DAnth - nth. -YM YTD
Budges Actuui V ria % QgmpoldS I3udw Acltial Variance coinnleW
RtVFt1L;ES
Interest ESmings 5 0.00.($ 2,143.05) {2,143.05}. O.QQ. S 0;[10 5 5.04 (5:94] mo
Total Revenues 0.00 (2,143.05) (2J43.051 a.0t7 0.00 5.94 _ f5:94 0.0t7
NW2010 at 1.YA9 AM
Ln
�
a
-f
a rn
_
.Q
N 01 rid
C1
II1'
r
rn.m M
c
v
a i.ro
m
a
vt
ve
re
r[
g
O
N
[Y3
n
n
c
rn O' C�
LL
m to m
w
u
w
m
N
G1 7
.c
.y
r-
i i
r*1
fN�[
L7.
;wP aN�i
y a
�
n
�
m
s.
rri
co
co
00
ri {�
m�
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n m
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al
y y x
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.N '� C
C r gyp.
•!tl
li li
Landmarkof.Gem Lake LLC Escrows
As of 7/31/18
PUO.
Date Reclept.0
invoice 4 Description
Amount
Balance.
11/27/2017. 523590
Escrow Payment
4,000.00.
A,000.90
11/2/2017
Planner Review
(83,75)
3>916.25
12/13/2017.
Planner Review
(167.50)
3174.9.75
12/18/2017
Planner Review
(83.75)
3,665.00
12/22/2017
Planner Review
(83.751
3,581:25
12/28/2017
Planner Review
{83.75)
3,497.50.
11/30/2017
.342593 5.E.H
(2,596:29)
901.21
12/19/2017
344261 S.E.H
(4,674.15)
(3,772.94)
1/2/2018
Planner Rule
(87Z)
(3,859.94)
1/23/2018
Planner Review.
(30450)
(4,164.44)
1/31/2018
345447 S.E.H
(4,686.28)
(8,850.72)
03/20/19
Para Legal
(232.50)
9 8!.allied ❑ut 3 14 .1
Apr*18 48243.8
9,083.22
Subdivision
Date Reciept #
Invoice 4. Description
Amount
8alano
11/27/201.7 57,3590.
Escrow Payment
994.00
994.D0
11/16/2017
48280 Kelly & Lemrnoris
(28.00)
966AD
12/3.1/2017
48442 Kelly & Lemmons
(868,60)
98•00
1/31/2018
48581 Kelly & Lemmons
(2;405.50)
(21308.501
2/712018
Planner
1130.50)
.(2,439.00)
2/2012018.
Para Legal
{G2.00]
(2,501.00]
2/27/201A
Planner
(391.50).
2/28/2018
Planner
(43,50)
(2,936.00)
3/1/.2018
Planner
(43.50)
(2,979,50)
3/2/2018
Para Legal
(62.00)
(3,041.50)
03/20/18
Kelly & Lemmons
(31396.00)
(6.437:50)
03/20I1$.
Para Legal
(61.00)
(6.,4.99.50]
03110/18
Planner
(1,34&50)
L7848,0P) "8iilerfout3/18/18
3/1g/2018
Planner%
(87:00)
(7,935.00)
3/31/2018
48879 Kelly & Lemmons
(1,680.00)
(9,6Z5,90)
3/6/2018
Planner
(87.00)
(9,7172.001
3/7/2018
Planner
(T17.SD)
(9,919.50)
316/2018
Para Legal.
(31=)
(9,950.50)
3/7/2018
Para Legal
(62:00)
(10,012.50]
3/21/2018
Building Official
(36:25)
(10,048,75)
3/26/2018
Building Officlal
(3G.25]
(10;085.0R}
3/27/2018
Sui[din g Officia1
(3025)
[10,I21.25)
3/6/2018
Building Officlal
(72;5p)
(10,193.751
4/6/201.8 482438
71849.00
(.2,345.35).
4/10/2018
912277883 The Davey Tree Co
(198,00)
(z;543.75)
4/17/2018
346852 S.E.H.
(2,625.Z5)
4/17/2018
48879 Kelly & Lemmans
(1,680.00)
(6;849.00)
4/1012018
Planner
{65.25]
6 914.25 Billed auto 16 18
5/10/2018
6,914.25
944
4/4/2018
Building.0fflcial
(36.25)
36•2S
4/9/2018
-Building Official
(36,25)
ln0
4/10/2018
Building Metal
(36.2$)
108.7
4/10/2019
Planner
(65,25)
174,00
4/5/20.18
Planner
(43.50)
17.5
4/11/2018
Planner
(41.50)
61.00
41.1/18.4/30/18.
49032 Kelly 1 . LemmOitis
(21811,00)
3 m7 0 Billed out 5/7118
5/30/2018 492446.
3072.00
5/31/2018.
349370 S.E.H:
(1,740.26)
11,74
5/31/2016
49182 Kelly & Lem micns
(1,610.00)
Q.350r26J Billed out 6/13I18
6/30/2918.
49358 Kelly.& Lemmons
(224.00)
3 574.26 81lled.out 7/61zs
HYVE `
As of 7/31118
ZONING COMPLIANCE
Date Reclept #
Involve.# description
Amount
Balalce
615f 2018 363649
Escrow Payment
11500.00
1,5n0.0i3
5/31/2018
4918.1 Kelly &: Lemm.ons
(910.00)
590.00
Sf 31j2018
34937D.5.E.H.
(1,222.71)
(63z71)
6f 30/2018
49357 Kelly & Lemrnons
(672.0O)
(1,804,71)
Hoffman Corner Costs To Date
As of 7J31/18
Revenues 2013 2014 2015 2016 2017 2018 Total
Grants 0.00
Special Assessments 65,938,30 39,$62,98 15,969.13 121;770.51
Other Payments 0.00
City Funds 0..00
Bond Proceeds p'00
Total Revenues 0.00 0100 DAO 55,938.30 39,862,98 15,969.23 121,770-51
Expenditures
Phase tl Work
Engineering 8,735.27 18,526.04 19,976.85.
Legal 700.00 35.00
Finance (WB7)
Legal Notices
Fiscal Fees
Construction
other
1,77834 49.,017..10
1,225,00 1;9 60.00
0.00.
0.00
0.00
0.00
0.00.
Total Expenditures %73527 19,226.04 20,011.85 3,003.94 0.00 0,00 50,977,14.
Water Extension Costs
Engineering
121,266.56
50,696.06
171,962.62
Legal
8,330.00.
24345.00
I0,675.00
Appraisal
17,350.00
17,350.00
Finance.(WBT)
652.50
652.50
Legal Notices
813:15
813.15
Fiscal Fees
0.00
Interest Expense
5,024.18
.2,109.81
1,613.00.
8,746.99
Construction
270,947.31
270,947.31
Other
0'00
Total Expenditures
0.00
0,00
148;412.21
32%012.55
2,109.81
1,613.00
481,147.57
Total Costs
8,735.27
19,226.04
168,424.06
332,016.49
2,10M1
1,61100
532,124.67
Revenue over
Expenditures
(8,73.5:27)
(19,225.04)
(168;424,66)
(266,078.19)
37,753.17
14;356;23
(410,354,15)
Net Costs
(8;735.27)
(27,961.31)
(196,385:37.)
i462,463.5fi)
(424,710.39)
(410;354:16}
{410;354..16)
Water/Sewer/Street Costs To Date
As of 7/31/19
Revenues 2017 2018 Total
Grants 0.00
8peeial Assessments 0.00
ether Payments 0.00
City Funds 9.00
Bond Proceeds 6791227.15 679,22-7.1
Total Revenues 0.00 679,227.15 679,227.15
Expenditures
project. Costs
Engineering
Legal
Ap�raisa!
Tree Work
Finance (WBT)
Legal Notices
Fiscal Fees
fnterestExpense
Construction
Other
15,958.76 42,282.26
59,236.02
0.00
.0:00
3,900,00 5,000.00
8,900A0
198.00
198:00
0.00
1,016.62
1,016.62
52,762.00.
52,762.00.
0.00
344,815.06
344,815.06
0.0d
Total Expenditures 1.9;853.76 446,073.94 .465;9227.70
Revenue over
Expenditures {19j853.76) 233,153,21 213,29.9..45
Net Costs (19.,853.76) 213,299:45 213,299.45