Net tax capacity for levy payable year 2021/22.

2021/22 1,718,710 6,931,575 1,637,410 81,300 1,541,417 22.238% 4.23%

Net tax capacity for 2020/21.

2020/21 1,648,935 6,038,527 1,469,635 179,300 - 1,490,261 24.679% 4.94%

2021 actual total city expenditures.

<td>TOTAL EXPENDITURES</td> <td>3,175,344</td>

Series 2021 bond total estimated principal and interest

Estimated total principal plus interest over the debt service schedule. Bucket: Total principal and interest

2021 actual total city revenues.

<td>TOTAL REVENUES</td> <td>2,881,610</td>

Series 2021 bond project construction fund deposit

Estimated deposit to project construction fund. Bucket: Project construction fund deposit

Total combined road and equipment bond discussed

The total bond was discussed as covering 2020 and 2021 road improvements and equipment purchases. Bucket: Road improvements and equipment bond

Series 2021A GO bonds principal

Original aggregate principal amount of the General Obligation Bonds, Series 2021A. Bucket: GO Bonds Series 2021A

Issuance of General Obligation Bonds, Series 2021A, to finance street improvements and municipal equipment.

A. WHEREAS, the City Council of the City of Nowthen, Minnesota has heretofore determined that it is necessary and expedient to issue the City's $2,830,000 General Obligation Bonds, Series 2021A (the "Bonds"), to finance four street improvement projects and the acquisition of municipal equipment in the City; and B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"), as its independent municipal advisor for the Bonds in accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9);

Series 2021A General Obligation Bonds authorized process

Council authorized Ehlers to move forward with the bonding process. Bucket: General Obligation Bonds Series 2021A

Issuance and sale of General Obligation Bonds, Series 2021A.

The City will forthwith issue and sell the Bonds pursuant to the Act, in the total principal amount of $2,830,000, originally dated October 7, 2021, 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:

General Obligation Bonds, Series 2021A, to finance street improvements and municipal equipment.

WHEREAS, the City Council of the City of Nowthen, Minnesota has heretofore determined that it is necessary and expedient to issue the City's $2,830,000 General Obligation Bonds, Series 2021A (the "Bonds"), to finance four street improvement projects and the acquisition of municipal equipment in the City;

Issuance of General Obligation Bonds, Series 2021A, for public improvements and equipment.

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 Bonds, Series 2021A, to be issued in the original aggregate principal amount of $2,830,000.

Awarding the sale of General Obligation Bonds, Series 2021A.

A RESOLUTION AWARDING THE SALE OF GENERAL OBLIGATION BONDS, SERIES 2021A, IN THE ORIGINAL AGGREGATE PRINCIPAL AMOUNT OF $2,830,000; FIXING THEIR FORM AND SPECIFICATIONS; DIRECTING THEIR EXECUTION AND DELIVERY; AND PROVIDING FOR THEIR PAYMENT

Principal amount of General Obligation Bonds, Series 2021A.

Re: US$2,830,000 City of Nowthen, Minnesota, (Anoka County), General Obligation Bonds, Series 2021A, dated: October 07, 2021, due: February 01, 2032

Total par amount of General Obligation Improvement Bonds, Series 2021A.

Par Amount of Bonds $230,000.00 $300,000.00 $555,000.00 $865,000.00 $880,000.00 $2,830,000.00

Authorization to proceed with $2,830,000 General Obligation Bonds, Series 2021A, for street and equipment projects.

Kimmel presented an overview of the financing plan for the 2021 Bond Issue... MOTION BY ALDERS TO APPROVE RESOLUTION 2021-26 AUTHORIZING EHLERS TO WORK WITH STAFF TO MOVE FORWARD THE $2,830,000 BONDING PROCESS; 2ND BY BLAKE. ALL IN FAVOR. MOTION CARRIED.

2021 actual bond proceeds received.

<td>Bond Proceeds</td> <td></td> <td>2,800,727</td>

Total beginning balance for all funds as of July 2021.

$2,660,966.79 $1,559,654.20 $1,655,743.99 $0.00 $0.00 ($131,305.00) $2,433,572.00

Total beginning cash balance for all funds as of March 2021.

$2,660,966.79 $203,569.97 $819,191.04 $0.00 $0.00 ($50,826.30) $1,994,519.42

Road improvements bond discussed

The minutes say the equipment bond would be part of the road improvement bond. Bucket: Road Improvements bond

August 31 cash total

Cash total reported on the City of Nowthen Treasurer's Report dated August 31, 2021. Bucket: Treasurer's Report

Adjusted bank total

Adjusted bank total in the August 31, 2021 treasurer's report. Bucket: Treasurer's Report

Schedule 1 ending balance

Schedule 1 ending balance in the August 31, 2021 treasurer's report. Bucket: Treasurer's Report

Total cash in all accounts - January 31, 2021

Total cash in all accounts as of January 31, 2021. Bucket: Treasurer's Report

Total Face/Par value of current portfolio as of 8/31/2021.

<td></td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> <td>$2,447,313.20</td>

Total cost of current portfolio as of 8/31/2021.

<td></td> <td></td> <td></td> <td></td> <td></td> <td></td> <td></td> <td>$2,444,873.81</td>

Treasurer report cash total 2021-07-31

Treasurer's Report total cash balance shown before outstanding checks and unreconciled amount. Bucket: Treasurer's Report cash total

Total cash balance before outstanding checks as of July 31, 2021.

$ 2,436,061.94

Adjusted bank total after outstanding checks as of July 31, 2021.

Adjusted Bank Total $ 2,433,896.86

Treasurer report Schedule 1 ending balance

Treasurer's Report schedule ending balance as of July 31, 2021. Bucket: Schedule 1 ending balance

Total ending balance for all funds as of July 2021.

$2,660,966.79 $1,559,654.20 $1,655,743.99 $0.00 $0.00 ($131,305.00) $2,433,572.00

Schedule 1 ending balance as of July 31, 2021.

07/31/2021 SCHEDULE 1 Ending Balance: $ 2,433,572.00

2021 General Fund total revenues.

Miscellaneous 12,222 40,108 35,652 Total Revenues $ 1,772,181 $ 2,380,190 $ 2,308,099

Cash per BANYON ending balance - January 31, 2021

Cash per BANYON January 31, 2021 Schedule 1 ending balance. Bucket: Treasurer's Report

treasurer_schedule_1_ending_balance

Schedule 1 ending balance as of September 30, 2021. Bucket: Treasurer's Report

FIN-006

Total cash in all accounts reported February 28, 2021. Bucket: Treasurer's report total cash

February 2021 total cash in all accounts

Total of all cash in all accounts as of February 28, 2021. Bucket: Treasurer's Report

Total cash in all city accounts as of 2/28/2021.

Total of all Cash in ALL accounts: $ 2,060,842.43

FIN-007

Cash per BANYON ending balance in the February 28, 2021 treasurer's report. Bucket: Cash per BANYON ending balance

February 2021 BANYON cash ending balance

Cash per BANYON ending balance in the February 28, 2021 Treasurer's Report. Bucket: Treasurer's Report

Cash per BANYON software as of 2/28/2021.

Cash per BANYON 02/28/2021 SCHEDULE 1 Ending Balance: $ 2,060,259.27

February 2021 adjusted bank total

Adjusted bank total in the February 28, 2021 Treasurer's Report. Bucket: Treasurer's Report

Adjusted bank total after outstanding checks as of 2/28/2021.

Adjusted Bank Total $ 2,060,016.27

Treasurer report total cash

Total cash in all accounts reported for March 31, 2021 and approved through the consent agenda. Bucket: Treasurer's Report

Total cash in all city accounts as of 3/31/2021.

<th colspan="2">Total of all Cash in ALL accounts:</th> <th>$ 2,007,093.88</th>

Treasurer report BANYON ending balance

Cash per BANYON ending balance reported for March 31, 2021 and approved through the consent agenda. Bucket: Cash per BANYON

Cash per BANYON software as of 3/31/2021.

<td>Cash per BANYON</td> <td colspan="2">03/31/2021 SCHEDULE 1 Ending Balance:</td> <td>$ 1,994,519.42</td>

Total ending cash balance for all funds as of March 2021.

$2,660,966.79 $203,569.97 $819,191.04 $0.00 $0.00 ($50,826.30) $1,994,519.42

Adjusted bank total after outstanding checks as of 3/31/2021.

<th>Adjusted Bank Total</th> <th>$ 1,980,869.88</th>