11-13-2018 Council Meeting Packet

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- 18 - 4. The Director of Finance and his/her appointed employees in case of unavailability are authorized to manage the investment program. A system of internal controls shall be followed and shall be designed to prevent losses from theft or misuse to provide reasonable assurance that the objectives are met. 5. The Director of Finance will prepare an investment report monthly for the City Administrator. 6. All City Funds must be invested with financial institutions authorized to provide investment services per statute 118A.06, with representatives who are licensed and with institutions which have a minimum capital requirement of $5 million and at least five years of operation. GENERAL INFORMATION CONCERNING THE CITY The City is located in southeast Anoka County, approximately 20 miles north of the City of St. Paul. The City is part of the Minneapolis/St. Paul metropolitan area and covers an area of approximately 33 square miles (21,120 acres). Population The City’s population trend is shown below. Percent Population Change 2017 U.S. Census Estimate 21,407 5.9% 2010 U.S. Census 20,216 20.4 2000 U.S. Census 16,791 90.7 1990 U.S. Census 8,807 77.3 1980 U.S. Census 4,966 -- Sources: United States Census Bureau, http://www.census.gov/. The City’s estimated population by age group for the past five years is as follows: Data Year/ Report Year 0-17 18-34 35-64 65 and Over 2017/18 5,049 5,071 9,709 1,942 2016/17 5,113 4,957 9,805 1,772 2015/16 5,233 4,843 9,940 1,613 2014/15 5,320 4,676 9,981 1,451 2013/14 5,373 4,461 9,881 1,327 Sources: Environics Analytics, Claritas, Inc., and The Nielsen Company. Transportation Interstate 35E, Interstate 35W, and Minnesota Highway 49 traverse the community.