General fund levy

General fund portion of the preliminary proposed levy. Bucket: General fund levy

2023 budgeted property tax revenue.

Property Taxes $ 1,702,905 $ $1,663,333 97.68%

2023 General Fund property tax levy.

There is hereby a preliminary levy upon all taxable property in the City of Nowthen a direct ad valorem tax in the year 2022, payable 2023, for the following purposes and in the following amounts: <td>General Fund</td> <td>$1,702,905</td>

2023 budgeted property tax revenue.

<tr> <td>Property Taxes</td> <td>$ 1,702,905</td> <td>$ $417,212</td> <td>24.50%</td> </tr>

2023 General Fund levy certified in resolution.

<td>General Fund</td> <td></td> <td>$1,702,905</td>

2023 General Fund levy amount.

<td rowspan="2">Base Levy General fund Levy</td> <td>$ 1,637,410</td> <td>$ 1,702,905</td> <td>$ 65,495</td>

2023 budgeted property tax revenue.

Property Taxes $ 1,702,905 $ $952,547 55.94%

General fund portion of the 2023 property tax levy.

The levy is comprised of $1,702,905 for the general fund and $135,000 for debt service.

2023 budgeted property tax revenue.

PROPERTY TAX $ 1,481,149 $ 1,647,923 $ 1,637,410 1,702,905 4.0%

2023 budgeted property tax revenue.

Property Taxes $ 1,702,905 $ $690,122 40.53%

City certificate of deposit balance as of March 31, 2023.

<tr> <td>CERTIFICATE OF DEPOSIT</td> <td>$1,685,700</td> <td></td> <td></td> <td>$1,685,700</td> </tr>

2023 actual ad valorem taxes collected.

<td>100-31001</td> <td>Ad Valorem Taxes-Current</td> <td>1,452,466</td> <td>1,615,411</td> <td>1,669,357</td>

2023 actual property tax revenue.

<td>PROPERTY TAX</td> <td>$ 1,663,334</td> <td>1,681,933</td> <td>1,702,905</td> <td>1,876,095</td> <td>10.2%</td>

2023 year-to-date property tax revenue received.

Property Taxes $ 1,702,905 $ $1,663,333 97.68%

General tax levy for 2022/23.

2022/23 1,786,859 7,058,074 1,644,059 142,800 - 1,608,725 22.793% 6.03%

Tax levy after credits for 2022/23.

2022/23 1,786,859 7,058,074 1,644,059 142,800 - 1,608,725 22.793% 6.03%

jasper-street-full-repair-estimate-1600000

Engineer estimate discussed for broader Jasper Street repairs. Bucket: Jasper Street full repair estimate

Initial estimate for full Jasper Street repairs.

After discussion with our city engineer, initial estimates for repairs are 1.6 million dollars, with the residents paying 50% via property assessment; the amount assessed per household would be approximately $41,000.

Estimated total cost for Jasper Street grinding, repairs, and resurfacing.

The council had been hoping with the last census, the city would meet the population goal of 5,000+ people so the city would qualify for state aid to help fund the maintenance needed for this road, however, that was not the case. After receiving estimates from the city engineer of 1.6 million dollars, with the city paying 50% and the residents on that street paying 50%, the assessment would have been $41,000 per property. That is not acceptable.

Year-to-date total general fund expenditures as of September 2023.

Total $ 2,132,595 $ 1,507,753 70.70%

General Fund total fund balance

Proposed 2023 total fund balance in the General Fund budget summary. Bucket: General Fund total fund balance

Projected General Fund balance at end of 2023.

Total Fund Balance 1,251,256 1,631,500 1,251,256 1,390,810

Year-to-date total general fund revenue as of September 2023.

Total $ 2,002,840 $ 1,201,468 59.99%

Bond proceeds for Road Improvement Fund in 2023.

Issue bonds <td></td> <td>1,940,000</td> <td></td> <td>1,188,960</td> <td></td> <td></td> <td>760,000</td>

Restricted or assigned fund balances in governmental funds as of September 30, 2023.

$1,116,000 is restricted or assigned

General Fund year-to-date expenditures

Second quarter financial report, General Fund year-to-date expenditures through June 30, 2023. Bucket: General Fund expenditures

Year-to-date total general fund expenditures as of June 2023.

Total $ 2,132,595 $ 1,100,946 51.62%

Projected 2023 GO bond issuance for road improvement reimbursement.

The city plans to issue an additional $1.1 million in GO bonds in 2023 to reimburse road improvement costs estimated for 2022.

Road Improvement Fund working balance at the start of 2023.

WORKING BALANCE 1,078,116 840,488 (4,072) 742,210 33,053 945,647 11,439

FIN-8

The March 2023 financial report listed total city cash and investments down by $1,077,190 compared with 3/31/2022. Bucket: Decrease in total city cash and investments

2023 year-end working capital balance for Road Improvement Fund.

WORKING CAPITAL BALANCE 1,064,843 937,015 241,773 742,015 266,505 707,990 464,187

Total Anoka County cost for electronic poll pads from 2018 to 2023.

· Total Anoka County cost for 2018-2023 $1,029,353

Total Anoka County cost for electronic poll pads, 2018-2023.

· Total Anoka County cost for 2018-2023 $1,029,353

ramsey-lions-insurance-per-occurrence-1000000

Insurance coverage required for temporary liquor license; packet RCA states per occurrence coverage. Bucket: Ramsey Lions liquor liability insurance per occurrence

Liability insurance coverage per occurrence for temporary liquor license event.

liability insurance policy naming the city as additional insured. The application confirms that West Bend Mutual will provide a policy with a $1,000,000.00 per occurrence and $1,000,000.00 aggregate.

Liability insurance coverage for temporary liquor license event (per occurrence).

If the applicant will carry liquor liability insurance please provide the carrier's name and amount of coverage. WEST BEND MUTUAL 1,000,000/2,000,000

Liability insurance coverage aggregate for temporary liquor license event.

liability insurance policy naming the city as additional insured. The application confirms that West Bend Mutual will provide a policy with a $1,000,000.00 per occurrence and $1,000,000.00 aggregate.

Year-to-date property tax revenue received as of September 2023.

Property Taxes $ 1,702,905 $ $952,547 55.94%

2023 Street Capital Projects budget

2023 Street Capital Projects budget appropriation. Bucket: Street Capital Projects

2023 Street Capital Projects Fund budget appropriation.

<td>Street Capital Projects.</td> <td>$ 871,220</td>

2023 Road Improvement Fund budget appropriation.

<td>Road Improvement</td> <td>871,220</td>

2023 budgeted road improvement costs.

Anticipated road improvement costs are about $871,000 for 2023.

2023 projected cost for road improvements.

The city anticipates the improvements to cost about $871,000. Properties in the improvement areas will be assessed for the road improvements.

2023 proposed streets and highway construction expenditures.

<td>Streets and Highway Construction</td> <td>861,220</td>

Total personnel costs for 2023 law enforcement contract.

TOTAL PERSONNEL COSTS $842.976

General Fund year-to-date revenues

Second quarter financial report, General Fund year-to-date revenues through June 30, 2023. Bucket: General Fund revenues

Year-to-date total general fund revenue as of June 2023.

Total $ 2,002,840 $ 842,203 42.05%

Comcast project HRA fund match

City of Nowthen HRA funds authorized as match for the Comcast broadband grant project. Bucket: HRA funds

City HRA funds to be used as local match for Comcast broadband project.

WHEREAS, the city council supports the use of $800,000 HRA funds as a match for the Comcast project and;

City HRA funds to be used as local match for B2B broadband grant project.

The deadline for the current grant opportunity is March 2, 2023, and would require the use of the City of Nowthen HRA funds of ~$800,000, along with county ARPA funds of~$150,000.