September 2019 General Fund use of fund balance

September 2019 financial report showed a use of fund balance; amount is shown in parentheses in the report. Bucket: General Fund use of fund balance

Total balance in Park Acquisition and Development Fund as of July 31, 2019.

Park Acquisition and 143,923.52 5,000.00 0.00 0.00 0.00 0.00 0.00 0.00 148,923.52 65,239.28 214,162.80

2019 actual ending fund balance for Equipment Replacement capital fund.

Ending Fund Balance 206,585 257,107 1,133,607 302,687

Balance of Pine River State Bank Checking Account as of 6/30/2019.

6/30/2019 Pine River State Bank Checking Acct. Interest Earned $9.14 Balance $204,254.52

F10

Mayor Pilon said the capital improvement plan amount for the truck was $200,000. Bucket: Truck capital improvement plan placeholder

F8

Approximate annual amount discussed for the road and bridge fund. Bucket: Road and bridge fund

Total estimated assessment cost to benefitting properties for the Jasper Street Improvement project.

The cost for improving Jasper Street is proposed to be partially assessed to the benefitting properties. For this project, the recommended assessment method is to assess the benefitting properties on a per unit basis. We have identified 27 units that receive direct access and will receive benefit from the proposed improvements.

Total estimated cost to be paid by the City for the Jasper Street Improvement project.

The cost for improving Jasper Street is proposed to be partially assessed to the benefitting properties. For this project, the recommended assessment method is to assess the benefitting properties on a per unit basis. We have identified 27 units that receive direct access and will receive benefit from the proposed improvements.

Projected total special assessment to be levied on benefitting properties for Jasper Street Improvement project.

The cost for improving Jasper Street is proposed to be partially assessed to the benefitting properties. For this project, the recommended assessment method is to assess the benefitting properties on a per unit basis. We have identified 27 units that receive direct access and will receive benefit from the proposed improvements. We understand that the city proposes to partially finance this project by obtaining a bond. The City will work with its financial advisor to determine the bond amount and terms. The total estimated cost to be assessed to the benefitting properties is $195,480. The total estimated cost to be paid by the City is $195,480.

Projected city share of Jasper Street Improvement project cost.

The total estimated cost to be assessed to the benefitting properties is $195,480. The total estimated cost to be paid by the City is $195,480.

Jasper Street estimated assessments

Estimated amount to be assessed to benefiting properties for the Jasper Street project. Bucket: Jasper Street feasibility study

Estimated City share of Jasper Street project cost.

The total estimated cost to be assessed to the benefitting properties is $195,480. The total estimated cost to be paid by the City is $195,480. Fifty percent assessment of the estimated project cost to the benefitting properties of this project on a per unit basis would yield an assessment of approximately $7,240 per unit.

F35

Estimated amount to be paid by the City for Jasper Street. Bucket: Jasper Street city share

Estimated total assessment to benefitting properties for Jasper Street project.

The total estimated cost to be assessed to the benefitting properties is $195,480. The total estimated cost to be paid by the City is $195,480. Fifty percent assessment of the estimated project cost to the benefitting properties of this project on a per unit basis would yield an assessment of approximately $7,240 per unit.

F34

Estimated amount to be assessed to benefitting properties for Jasper Street. Bucket: Jasper Street assessed share

General Fund ending balance.

General Fund 513,735.37 99,034.52 245,577.43 0.00 396,811.10 251,367.86 15,000.00 195,168.36 248,632.14 443,800.50

General Fund total balance including investments as of 6/30/2019.

General Fund Beginning Balance 513,735.37 Receipts 176,898.70 Sale of Investments 241,578.75 Transfers In 0.00 Disbursements 660,911.75 Purchase of Investments 250,000.00 Transfers Out 76,140.53 Ending Balance (54,839.46) Investment Balance 250,000.00 Total Balance 195,160.54

Debt tax levy for levy payable year 2019/20.

2019/20 1,571,350 5,850,907 1,378,450 192,900 1,418,976 24.252% 5.48%

F2

Total for selected claims #1199-#1247 (claims list) Bucket: claims_total

General Fund receipts during period ending 6/30/2019.

General Fund Beginning Balance 513,735.37 Receipts 176,898.70 Sale of Investments 241,578.75 Transfers In 0.00 Disbursements 660,911.75 Purchase of Investments 250,000.00 Transfers Out 76,140.53 Ending Balance (54,839.46) Investment Balance 250,000.00 Total Balance 195,160.54

treasurer_prsb_cds_balance

Treasurer's Report CD balance as of February 28, 2019. Bucket: Pine River State Bank CDs balance

Balance of two certificates of deposit at Pine River State Bank as of 2/28/2019.

2/28/2019 Pine River State Bank (2) C.D.' S (see attached Current Investments sheet) $ 176,818.03

June 2019 General Fund YTD receipts

General Fund year-to-date receipts at June 30, 2019. Bucket: June 2019 General Fund receipts

Year-to-date total general fund receipts as of June 30, 2019.

<tr> <td>Total</td> <td>$ 1,626,209</td> <td>$ 174,573</td> <td>10.73%</td> </tr>

2019 budgeted expenditure for City Clerk/Finance.

<tr> <td>City Clerk/Finance</td> <td>173,575</td> <td>52,992</td> <td>30.53%</td> </tr>

F1

Total selected claims approved as part of the financial report. Bucket: Claims #1152 through #1198 and #0030872018

Total of all selected claims for the period 12/11/2018 to 1/7/2019.

Total For Selected Claims ... $170,384.83

Year-to-date expenditure for Public Works as of June 30, 2019.

<tr> <td>Public Works</td> <td>379,750</td> <td>168,462</td> <td>44.36%</td> </tr>

Total estimated project cost for Krypton Street 2019 road improvement project.

The 2019 construction cost has been estimated for the proposed Krypton Street Improvement project. The estimated costs are estimates only and are not guaranteed prices. The costs shown are estimates based on actual bid prices from projects of similar scope and adjusted for inflation. Final contracts will be awarded on a unit price basis and the contractor will only be paid for work completed. It is anticipated that this project will be bid concurrently with other similar projects, which is anticipated to lower bid prices. The total estimated cost for this project is $168,280. It is proposed that the City will assess fifty percent of the total project costs to the benefitting properties.

Krypton Street total estimated project cost

Total estimated project cost for Krypton Street. Bucket: Krypton Street feasibility study

F25

Total estimated project cost for the Krypton Street improvement. Bucket: Krypton Street total estimated project cost

Ramsey requested Fire JPA administrative-cost reimbursement

Ramsey's requested annual administrative-cost reimbursement described by Mayor Pilon. Bucket: Fire Department JPA

Estimated amount to be assessed to benefitting properties for 189th Lane, 190th Lane and Dolomite Street project.

The total estimated cost to be assessed to the benefitting properties is $160,500. The total estimated cost to be paid by the City is $160,500. Fifty percent assessment of the estimated project cost to the benefitting properties of this project on a per unit basis would yield an assessment of approximately $5,350 per unit.

189th/190th/Dolomite estimated assessments

Estimated amount to be assessed to benefiting properties for the 189th/190th/Dolomite project. Bucket: 189th Lane, 190th Lane and Dolomite Street feasibility study

F23

Estimated amount to be paid by the City for the 189th Lane, 190th Lane and Dolomite Street project. Bucket: 189th, 190th and Dolomite city share

F22

Estimated amount to be assessed to benefitting properties for the 189th Lane, 190th Lane and Dolomite Street project. Bucket: 189th, 190th and Dolomite assessed share

PMA CD #268411-1 initial investment

Initial investment for PMA CD #268411-1. Bucket: General Fund CD purchase

Cost of BANK OF CHINA CD investment purchased 04/08/19 maturing 04/07/20.

CD BANK OF CHINA Cost $150,000.00 Rate 2.639% Face/Par $153,958.17

Initial investment amount for 12-month CD #268411-1 through PMA Financial Network.

One remaining CD is at Pine River State Bank, maturing on December 13, 2019 (Park Fund, $65,239.28). Also purchased 2 more (General Fund) CDs through PMA Financial Network (4M Funds): #268411-1 Initial Investment: $150,000 #268412-1 Initial Investment: $100,000

Investment ID 33653

Current value of 12-month investment ID 33653 maturing 04/07/2020. Bucket: Current investments

Initial investment amount for PMA Financial Network CD #268411-1.

Also purchased 2 more (General Fund) CDs through PMA Financial Network (4M Funds): #268411-1 Initial Investment: $150,000

Initial investment in CD #268411-1 through PMA Financial Network.

#268411-1 Initial Investment: $150,000

CD at Bank of China as of 4/30/2019.

BANK OF CHINA $150,000.00

Park Acquisition and Development Fund ending balance as of 6/30/2019.

Park Acquisition and Development Beginning Balance 143,923.52 Receipts 5,000.00 Sale of Investments 0.00 Transfers In 0.00 Disbursements 0.00 Purchase of Investments 0.00 Transfers Out 0.00 Ending Balance 148,923.52 Investment Balance 65,239.28 Total Balance 214,162.80

Ending balance in Park Acquisition and Development Fund as of July 31, 2019.

Park Acquisition and 143,923.52 5,000.00 0.00 0.00 0.00 0.00 0.00 0.00 148,923.52 65,239.28 214,162.80

F12

Transcript verbal preliminary estimate for Halas Street NW, differing from the agenda estimate. Bucket: Halas Street NW

Total project costs (actual and forecast) for Halas Street project.

Halas Street Estimated Construction Cost (Bid) $122,725.91 Estimated Engineering, Legal and Administrative Costs $11,200.00 Estimated Financing Costs $3,440.00 Contingency $10,000.00 Rounding $34.09 Total Project Costs (Actual & Forecast) $147,400.00

F17

Total project costs, actual and forecast. Bucket: Halas Street

Total project cost estimate for Halas Street (Resolution 2019-37).

The City Engineer estimates the total project cost to be $147,400 including estimated bonding, engineering and legal costs.

Total project costs for Halas Street project.

Total Project Costs (Actual & Forecast) $147,400.00