HomeMy WebLinkAboutCC PACKET 05082001 Meeting Sheet
IIIIII VIII VIII VIII VIII VIII IIII IIII
102940
Box: 29
Folder: CC PACKETS 2001-2004
Document: CC PACKET 05082001
CITY OF ST. ANTHONY
CITY COUNCIL STUDY SESSION
May 8, 2001
Council Chambers
PAGE(S)
1. CALL TO ORDER.
2. PLEDGE OF ALLEGIANCE.
3. ROLL CALL.
4. COMMUNITY FORUM.
5. ACTION ITEMS.
a. Proclaim "Warren Rolek Day" on May 17, 2001 . . . . . . . . . . . . . . . . . . . 1
b. Consent Agenda . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 - 8
C. Resolution 01-059, award bid for landscaping of
storm water pond . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 - 10
d. Resolution 01-060, award bid for Central Park
redevelopment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 - 20
e. Resolution 01-061, approve building designs and cost
estimates for City parks building by SEH . . . . . . . . . . . . . . . . . . . . 21 - 26
f. Review and approve 2000 City Audit as presented by
Stu Bonniwell, City Auditor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 - 33
6. REVIEW,ITEMS.
7. INFORMATION AND ANNOUNCEMENTS.
8. ADJOURNMENT.
MISCELLANEOUS INFORMATIONAL DOCUMENTS ARE ATTACHED.
•
5. ACTION ITEMS.
a. "Warren Rolek Day" proclamation
b. Consent Agenda
C. Resolution 01-059
d. Resolution 01-060
e. Resolution 0 1-061
f. Presentation of 2000 City Audit
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BRC FINANCIAL SYSTEM ST. ANTHONY VILL
TOT-/coofCheck -Register OR=-V0-.2TPA�E-
- BANK VENDOR - CHECK* DATE AMOUNT
-i FIRS FIRSTAR ST. ANTHONY CHECKING
00847 AIR S-NORTFT-CENTRA .0�-
008469 ALBIG TREE CARE 14474 05/09/01 450.00
007338 AMERICAN EXPRESS 14475 05/09/0].. . 54.85
-- - -GO-T430 UNTROU-SERVTOES, X44 7..0
008511 AT & T WIRELESS 14477 05/09/01 77.24
008062 BEST BUY 14478 05/09/01 244.91
607T6-8--COYER-FDRD-fRUCRS;ZfQ 1F47�OSTQ9TO . Sri--
:008264 BRW%URS 14480 05/09/01 16,0.00.00
008652 CARTRIDGE CARE 14481 05/09/01 180.00
a� OG?386--C- =13E.-RVIC 14482 ,
-,! 000610 CATCO CLUTCH cg, TRANS SVC 14483 05/09/0]- 171 .42
008577 CITY OF ST. PAUL 14484 05/09/01 211 .55
OObSC QCT REY rSAFET V-EiQ= _ �r T�
'00848.
084.86 .CORISTRU,CTION`BIILLETIN MA '14486 ' 05/09/01 118:99
000765.; CUMMIN5 NDRTH 'CENTRAL; I 14487.'05/,09/0]. 475.00
-f
008647 FRATTALLONF_ 'S HARDWARE_ 14489 05/09/01. 24 .88
001025 G & K SERVICES 14490 05/09/01 67.00
-0"O f 030 GSR-SERVICES-I1 2. 1
001i45 - GLENWOOD INGLEWOOD,. 14492;,05/09/01 36.00.
001420 •:HAWKINS . WATER.'TREATMENT 14493. 05/09%01 135000.., .
--D68b83 �T
;i 008376 HENNEPIN CNTY SHERIFF 'S 14495 05/09/01 663.25
-- 008709 HENRY/SUSAN 14496 05/09/01 75.08
00 252- FTOME EPOT=GECF q49TII570970- i fs
000742 .`' KROEPLIN/.CONNIE 14498 05/09/01 20:70
008795LANGULA HARDWARC`-INC 14499 05/09/01 325.04•
008229 LOFFLER BUSINESS SYSTEMS 14501 45/09/01. 125.00
J 002395 M T I DIST CO 14502 05/09/01 28.73
-1450.6
; .. ,i5gz.5a,
002240
METROPOLITAN, COUNCIL' 14504',05/.09/01 . : 31 ,096.93
00.001 MET ROPOLITAN ;:STATE .UNIV 14505.`;05%09/01. 95:00
14506 05709701
007131 MINNESOTA' DEPT OF HEALTH 14507 05/09/01. 50:.00
005204 MN DEPT PUBLIC SAFETY 14508 05/09/01 200.00
008341 MONSON/JUDY 14510 '05109/01 '80:76.
...
,.. 007076 MO OD Y'S :INVESTORS:.SERVIC 14511..05/09/01 3,250.00
002600 NORTH MEMORIAL MEDICAL C 14513 05/09/01 280.00
1-71 000045 OFFICE DEPOT 14514 05/09/01 293.79
0Q8Z77 OFf M X RE17I'P ?_ .
-.._..
L` 008527' . OLSEN,;F.'IRE' INSPECTION,`__I "A'4516 `0 5:/09%01 245.00
�r 008271 PLETSCHER'S S,GREENHOUSEI 145.17. 05109%0] 132. 16
2_1 . 19
± 008462 RAMSEY COUNTY 14519 05/09/01 7, 155.06
005293 ROAD RUNNER 14520 05/09/01 25. 13
3
ESRC FINANCIAL SYSTEM ST. ANTHONY VILI.
1=I _ DATE AMOUNT
3 BANK , VENDOR CHEGK# NT
411
;i FIRS FIRSTAR ST. ANTHONY CHECKING
7 --RIIS _ .
, '
;I :. 003350 SEH-RCM. 14522,05/.09/01 .: 5,303.94
SL-SERCO 14523. 05/09/01 .268.00
003315
003490 STREICHER 'S 14525 05/09/01. 970.34
008502 SUPERIOR FORD INC. 14526 05/09/01 42, 172.00
I SAVER •.
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003560 TRACY PRINTING . , 14528 05/09/01 . 3,808.00
.41 -
00.8773 TRAFFIC CONTROL ,CORPORAT 14529 .05/09/01 . 20, 165.24
76 HILUN s
;7 003735 WASTE MGMT 14531 05/09/01. 261 .79
i3 008273 WSB & ASSOCIATES, INC. 14532 05/09/01 8,022.70
FIRSTAR ST. - ANTHONY 1
CHECKING 61 ;396:"63
u
1241
i
3,
-
j�71
43
47
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BRC FINANCIAL SYSTEM ST. ANTHONY VILL.AGE
70172001- - 09e Check Register GL54OR-VO6.27 PAGE_. ].
ANK VENDOR CHECKI# DATE AMOUNT
LIAR LIQUOR CHECKING ACCOUNT
FYR9TAR ST ANTHONY. ,BANK 17751-. 04/30/01. 6,000.00.
003160 FIRSTAR ST ANTHONY BANK 17752 04/30/01 15,000.00
008716 SCENE/THE _ 17753 04/30/0_1. 130 . 00
004250 LUNDGREN/MATTHEW H. 17754 04/30/01 150.00
000710 PRUDENTIAL_ LIFE INSURANC 17755 04/30/Oi. 6.60
003160 FIRSTAR ST ANTHONY BANK 17756 04/30/01 13, 463.35
000670 CITY COUNTY CREDIT UNION 17757 04/30/01. 389. 00
000055 AETNA LIFE & CASUALTY 17758 04/30/01 143.52
004208 I C M A RETIREMENT TRUS 17759 04/30/01. 180. 00
-2708 MISCHILD SUPPORT PYMT CE 17760 04/30/01 376.61,
004380 PUBLIC EMPLOYEE RETIREME 17761 04/30/01. 2, 125. 65
004233 LMCIT % BERKLEY RISK SE 17762 04/30/01 228.27
- -----OT+3ff8--lqA-fi rl-N-ARcl-Al_ INS CO 17763 04%30/01 ----- 9.50------
003160 FIRSTAR ST ANTHONY BANK 17764 04/30/01 8,000.00
003160 FIRSTAR ST ANTHONY BANK 17765 04/30/01. 15,000. 00
-----OUS7��-SCENE/THE 17766 01+/30/01 130.00
004250 LUNDGREN/MATTHEW H. 17767 04/30/01. 150.00
003160 FIRSTAR ST ANTHONY BANK 17768 04/30/01 81000.00
- - 0031RSTA-R ST ANTHONY LANK 17769 0/+/30/Q i. 15,000.00
008716 SCENE/THE 17770 04/30/01 130.00
_jW004250 LUNDGREN/MATTHEW H. 17771 04/30/0.1 150 .00
O-0c-687 -XC;EC--ENE17772 04/30/01 753.33
.00001 BREEZY POINT RESORT 17773 04/30/01. 498 .00
0044.01 ST.A.L.IGUOR #1 PC 17774 04/30/01 211 . 76
003160 FIRSTAR -ST -'ANTHONY" BANK 17775--04/30/0j..- 6,000.00
003160 FIRSTAR ST ANTHONY BANK 17776 04/30/01 13,206.90
000670 CITY COUNTY CREDIT UNION 17777 04/30/01. 389 .00
. _..---000055-----AE=TT�fA-CTFE=-�CF`iSIJAL'fV-----------�- 17778 04%30/01 143.52
004208 I C M A RETIREMENT TRUS 17779 04/30/Oi. 180.00
008313 MN CHILD SUPPORT PYMT CE 17780 04/30/01 357. 18
-
002850 MEDICA CHOICE 17782 04/30/01 5,074.55
000710 PRUDENTIAL LIFE INSURANC 17783 04/30/Oi. 74.20
---00$259---h�ffC;PERS-L.7CFE�N�j7}�AT�(C'E 17784 04/30/01 24.00
008739 - DIVERSIFIED COLLECTION 17785 04/30/01. 174.20
008784 , WASHINGTON STATE SUPPORT 17786 04/30/01_ _ 36.92
--------
003160 FIRSTAR ST ANTHONY BANK . • 17788 04/30/01 15,000.00
008716 SCENE/THE 17789 04/30/01. 130 .00
0'0W-25--CUND u REN i 77�CO +7 0-70 1 150.00
008316 WINE_. COMPANY/THE 17791 04/30/01. 1 ,268.35
008310 WINE MERCHANTS INC 17792 04/30/01 26.67
LIQUOR _CHF_CKING ACCOUNT 138,547.53 #%
5
. .
BRC FINANCIAL SYSTEM ST. ANTHONY VILLr-
05/O2/� i�OO -���-'- '----'- -_ ---�h-� �
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BANKCHECK# DATE AMOUNT VENDOR
LIQR LIQUOR CHECKING ACCOUNT
-`�----� ��1��'--' '���- -- -- --- ------'��j���
�) �
OO8311 ALL SAINTS BRANDS DISTRI 18070 05/09/01 348.05
004225 ALLIANT FOODSERVICE18071 05/09/01 1 ,_7O. 11
' --- -'�0�( ]i.� ---�� -----''- ---- -180���-0s //��/()1-� - �36'.6/
004015 AMERIPRIDE LINEN 18073 05/09/01 788.89
008794 ARCTIC GLACIER ICE18074 05/09/01 180.83
D�� ��3 ' BE�L��Oi/'(C-ORP
'�--- --- - --'- -- ii����-05/69/01. 2,028.55
004080 CHISAGO LAKES DIST. CO. , 18076 05/09/01 3,272. 15
004086 CITY OF ST. ANTHONY 18O77 05/09/01 _ 616.53
-----'--004095 COCA COLA BOTTLING
�--- ----------'---'��� -
004106 CREATIVE CREATIVE MARKETING 18079 05/09/01 275.73
008557 DAILEY DATA & ASSOCIATES 18080 05/09/01 11920.00
- '-- -- 004120
EAGLE-- NE-CO18081-----'--- -- 1--------1 ,343'. 17--
004125 EAST SIDE BEVERAGE CO 18082 05/09/01 43,559.20
008537 ENVIROMATIC CORP OF AMER 18083 05/09/01 219.39
'-�----l8086��7'----lEXT(REy�EBEVERAGE 18084'- -'----------- 09��� �-'�----------2S\e.i){>
008647 FRATTALLONE 'S HARDWARE 18085 05/09/01 3 .5O
004141 FRITZ COMPANY, INC . 18086 05/09/01 4,417.62
--- -''{>0I03O - - 'E|-8�-�-�E#��\��E[-IW�---- --'- - - -'-'-I�8g�'-l�>77 ---- 124_.92
GCS SERVICE INC 18O88 O5/Oq/O1 2O2 OO
OO87O6 ` ,� .
004172 GRAPE BEGINNINGS, INC . 18O89 05/09/01 7� 143.00
4�����---- �27�Y��-�l}C7F9�l���-7��-��k�---'- --' ---`----7�533����---
.00001 HALLA/HEIDI 18091 05/09/01 200.00
004201 HEGGIES PIZZA 18092 05/09/01 139.45
004207 -HOHENSTEIN 'S', INC. ' i5093 -057_09/01 ' 4,447 .05
008547 INTERNATIONAL CIGARS, IN 18094 05/09/01 552.82
004220 JOHNSON BROS. LIQ. 18095 05/09/01 15,080.47_ _
---------O�z��[ C-------- ----------�78 61
004230 KUETHER DISTRIBUTING CO 18097 05/09/01 46,628 .87
004265 MARK VII SALES INC 18098 05/09/01 18,873.O9
'--- ------ �------ -- I�7 .767
-------OO4�72 i�ETZ BAKING CO �uu�� uz/u�'u
004334 NORTHEASTER 18100 05/09/01 168.3O
004345 OLD DUTCH FOODS INC 18101 05/09/01 35.52
6
ESRC FINANCIAL SYSTEM ST . ANTHONY VIL.I-.F-
�
-- --------- -- --- - -- --- -- -- - ....-._.. . -
05702.�2001 08: CF�er.k� P.e� a3. ster GL54UR-�VOb.2.7 PAGE
BANK VENDOR CHECK# DATE AMOUNT
LIAR LIQUOR CHECKING ACCOUNT
--Ob-8S-4--0Z-Eh' i"fFV CDMPANIj --181 17 05/09%01- -�--- 37c.6ti
LIQUOR CHECKING ACCOUNT i.82,806.79 F
MEMORANDUM
DATE: March 21., 2001
TO: Mayor and Councilmembers
FROM: Michael Morrison, City Manager
ITEM: MEMORANDUM OF UNDERSTANDING - LOCAL ELECTIONS
For the last several years, the City has conducted all the local elections (i.e., City Council and
School Board). Those elections are held every odd-numbered year. The attached Memorandum
of Understanding between the City and School District spells out the arrangement and must be
agreed upon by both parties.
This year, it is my understanding that the School Board will have 4 seats to fill and the City
will have 2 seats open (Councilmembers Thuesen and Hodson). Item 3 in the Memorandum of
Understanding states the reimbursement percentage the School District is charged for their part
of the non-fixed costs. This year they will be charged 65% of the total non-fixed costs because
they have 4 of the 6 seats open and one is a special election.
•
03/21/2001 14:10 FAX 612 781 9323 CITY OF ST ANTHONY -► SCHOOL
• CITY OF ST. ANTHONY AND ST. ANTHONY/
NEW BRIGHTON SCHOOL DISTRICT NO. 282
MEMORANDUM OF UNDERSTANDING
WHEREAS, the City of St. Anthony (the "City") and the St. Anthony/New Brighton
Independent School District No. 282 (ISD #282), desire to combine the elections
of the City Council and School Board and to hold said combined elections on the
first Tuesday after the first Monday in November in odd numbered years; and
WHEREAS, to accomplish the combined elections and pursuant to Minnesota State Statutes,
Section 205A.04, the School Board of ISD #282 elected to hold its General
Elections to coincide with City Council General Elections on odd numbered
years.
NOW, THEREFORE, BE IT RESOLVED that:
1) the City Clerk will conduct all local General Elections;
2) voting equipment, responsible by the City, will be used;
3) for.the 2001 ISD #282 School Board election, the School District will reimburse the
City 65% of the total non-fixed:costs associated with the election. Future local
elections will be negotiated when appropriate;
4) whenever there is an ISD #282 election without City items on the ballot, ISD #282 may
either conduct the election on its own or contract with the City for the services of the
City Clerk to conduct the Special Election in the manner in which the combined local
General Elections are conducted;
5) the City will pay the full cost of any local General Elections for which ISD #282 has no
item on the ballot;
6) ISD #282 will hold harmless the City in the conduct of elections.
CITY OF ST. ANTHONY ST. ANTHONYINEW BRIGHTON
INDEPENDENT SCHOOL DISTRICT
#282
Am a,-
Its Its ' ha i
Its Its
Date Date y-I 3 � 0 1 -
CITY OF ST. ANTHONY
® RESOLUTION 01-059
A RESOLUTION AWARDING A BID FOR HARDING POND. .
LANDSCAPING IMPROVEMENTS
WHEREAS, pursuant to an advertisement for bids for the improvement as shown on the plan for
the above-referenced project,bids were.received, opened and tabulated according
to law, and the following bids were received complying with the advertisement:
Bidder/Address Total Bid
Second Nature Lawn and Landscapes $268,715.60
Minnesota Native Landscapes $290,745.60
WHEREAS, it appears that Second Nature Lawn and Landscapes of Bloomington,MN is the
lowest responsible bidder.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of St. Anthony:
That the Mayor and City Manager are hereby authorized and directed to enter into a
contract with Second Nature Lawn and Landscapes in the amount of$268,715.60 in the
name of the City of St. Anthony, Minnesota for the improvement outlined in the above
referenced project according to the plans and specifications, therefore, approved by the
City Council and on file in the office of the City Clerk.
Adopted this day of ,
Mayor
ATTEST:
City Clerk
•
Reviewed-for administration:
F:\WPWTN\106543\res 01-059.docF:\WPWIM1065-43\res 01-059.doc
A& 10
WSB
�Associ'ates,Inc.
May 1, 2001
Honorable Mayor and City Council
c/o Michael Mornson
City of St Anthony
3301 Silver Lake Road
i St. Anthony, MN 55418-1699
Re: Harding Pond Landscaping Improvements
City of St. Anthony, MN
WSB Project No. 1065-43
o Dear Mayor and Council Members:
\• Bids were received for the above-referenced project at 9:00 a.m., April 26, 2001, and were
opened and read aloud. A total of two bids were received. The bids were checked for
mathematical accuracy and tabulated. The low bidder is Second Nature Lawn and
Landscapes, Bloomington, MN, in the amount of$268,715.60. We recommend award of
the contract to Second Nature Lawn and Landscapes in this amount.
Sincerely,
WSB & Associates, Inc.
Todd E. Hubmer, P.E.
Project Manager
c: Second Nature Lawn and Landscapes
nm
4150 Olson
Memorial Highway
Suite 300
r; �neapolis
Minnesota
55422
763.541.4800
F:\WPW N\1065-43\recmdtn ltr hmc.doc
i763.541.1700 FAX Minneapolis• St. Cloud • Equal Opportunity Employer
' 11
CITY OF ST. ANTHONY
RESOLUTION 01-060
A RESOLUTION AWARDING A BID RELATING TO THE
REDEVELOPMENT OF CENTRAL PARK
WHEREAS, on September 26, 2000 the St. Anthony City Council authorized the firm of
BRW, Inc. to prepare plans and specifications for the redevelopment of Central
Park; and
WHEREAS, plans and specifications were approved and bids were called; and
WHEREAS, bids were submitted to the City by three companies and said bids were opened
and reviewed on May 1, 2001.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of St. Anthony, in
• the best interests of the City„hereby awards the bid for the redevelopment of Central Park to.
Veit & Company for a base cost, including alternates, totaling $1,871,202.40.
Adopted this day of
Mayor
ATTEST:
City Clerk
Reviewed by Administration:
City Manager
•
URS 12
BRW. inc.
MEMORANDUM
® Thresher Square
700 Third Street South
Minneapolis,MN 55415
Phone: (612)370-0700
Fax: (612)370-1378
To: Jay Hartman, Copy: File: 3585-005
Director of Public
Works
From: Bob Kost, ASLA
Date: May 2, 2001
Subject: Central Park Redevelopment - Bid Results &Budget Suimmary
Summary
Bids were opened on May 1, 2001 for the redevelopment of Central Park. Although interest in
the project appeared strong with 26 contractors purchasing plan sets, only 3 contractors
.submitted bids: Veit & Company, L.S. Black Constructors and Forest Lake Contracting. Bids
for all items including bid add-alternates 1 through 11 ranged from $2,062,576 to $2,231,372.
The Apparent low bidder is Veit & Company. The engineers estimate for the all items including
bid add-alternates 1 through 11 was $1,851,134. The low bid is approximately 11% higher than
the engineer's estimate.
Discussion
Conversations with contractors following the bid opening revealed that many contractors chose
not to bid the project because of their perceived risks associated with the potential unknown soil
contamination issues and that those who did submit bids felt the need to increase their prices to
cover these perceived risks. Preliminary site exploration revealed the need to expand the scope
of the Phase II geo-technical analysis. This work was still in progress during the bid process,
consequently we were not able to give the bidders definitive information regarding the extent
and quantity of contaminated soils requiring removal and disposal. Although interim
information regarding the test trenches and the additional borings was provide to the contractors
during the bid process this information did not quell the fears of possible greater unknowns in
the minds of many of the prospective bidders.
13
Park Commission Recommendation
® The Parks Commission analyzed the bids in detail. The commission's recommendation is to to
one of the following:
1. Accept the bid from Veit and Company with modifications based on accepting a combination
of the add and deduct alternates including the following:
Base Bid: $1,768,632.78
Alt.L Irrigation for City Hall area: $30,000
Alt. 3 1/2 Basketball Court: $6,088.21
Alt. 9. North Parking &Earthwork $89,078.55
Allowance for"Wet-Deck" Play
system instead of wading pool: $68,000
Deduct Alt..4. Field#4 Ltg.: ($43,550)
Deduct Alt. 6 Bare Root Trees: ($46,141)
Deduct Alt 11 Reconstruct Manhole: ($906)
Grand Total: $1,871,202.40
2. Reject all bids, revise contract documents, re-bid project at the same time as the new park
buildings. Begin park construction September 4, 2001 with completion date of November 15,
2002.
Based on proceeding with option I the overall,complete Central*Park Project cost is as follows:
. ® r P Plans
BRW Engineering Fees for Central Park a ,
Specification and Construction Administration: $235,550
Central Park Redevelopment Construction Cost: $1,871,202
Central Park Pavilion/Warming House: $546,362
Permanent Rest Rooms for Water Tower Playground: $76,825
Silver Point Pavilion (DNR Funded) ($314,206)
SHE.Architectural Fees: $93,739
Grand Total: $2,823,678.
•
14
MEMORANDUM
DATE: March 21, 2001
TO: Mayor and Councilmembers
FROM: Michael Mornson, City Manager
ITEM: RESOLUTION AUTHORIZING BIDDING FOR CENTRAL PARK
PROJECT
On September 26, 2000, the Council authorized the firm of BRW, Inc. to prepare plans and
specifications for the Central Park redevelopment project. The plans and specifications are
essentially.complete and are now ready-to advertise for bids.
r iv ate for the bids to be considered b the Council is scheduled for May 8 2001
The tentative d y y ,
tentative construction would be June 15, 2001. The only component left to bid for Central Park
would be a picnic shelter bathrooms as well as bathrooms for Watertower Park and two
buildings for Silver Point park. These plans are being prepared by Molly Olivier of SEH, Inc.
and will be ready to bid later this year.
Early indication from BRW, Inc. is that the cost for the Park may be higher than was
originally planned last September 26. I have instructed Finance Director Roger Larson to
develop possible funding options should the bids come in higher than anticipated.
The other unknown_to this project are the possible clean up costs that the MPCA will be
assessing the City in the redevelopment of Central Park. Staff will meet with the MPCA on
April 4 to attempt to gain a better understanding of that situation.
The building plans may be presented at the May 8 Council meeting with the bid opening for
the Central Park project. The cost for the building at Silver Point Park will be paid using DNR
funds.
•
15
MEMORANDUM
DATE: April 12, 2001
TO: Mike Morrison, City Manager
FROM: Roger Larson, Finance Director
ITEM: CENTRAL PARK RENOVATION/FUNDING
The current financial plan for Central Park improvements totaled $1.6 million dollars.
Sources of funding included:
$ 625,000 G.O. Tax Abatement Bonds
$ 250,000 General Fund Reserves
$ 725,000 Water Filtration Funds
$1,600,000
• The original plan for redevelopment of Central Park has changed and upgraded to
include: park buildings enhancements, bathroom additions to Water Tower Park and
other environmental improvements, which require that additional resources of$700,000
be identified to fund the project.
Option #1
Selling additional tax abatement bonds could create the additional funds needed to
complete the park improvements. The maximum levy that St. Anthony can abate totals
$100,000. When issuing the 2001 G.O. Tax Abatement Bonds, the annual tax
abatement levy totaled $30,000, leaving an additional $70,000 for future abatement.
Option#2
Another option of funding would include the appointment of additional reserves from
several sources. They include: designate an additional $275,000 of the water filtration
funds, transfer 2000 water filtration interest earnings totaling $200,000 to the parks and
using $225,000 of the HRA Projects Fund (analysis is attached).
Either option would work; however, the least impact on property taxes would clearly be
Option#2. My recommendation is for Council. to approve the revised park funding
proposal at a cost not to exceed $2.3 million dollars.
•
16
Current Park Renovations Funding:
$ 625,000 Tax Abatement
$ 25.0,000 General Fund Reserves
$ 7259000 Water Fitration Fund
$1 ,6007000
Proposed Park Funding:
$
6259000 Tax Abatement
$ 2509000 General Fund Reserves
$1 ,0009000 Water Filtration Fund
$ 200,000 2000 Water Filtration Interest Earnings
$ 225,000 HRA, Projects Fund **
$2;300,000
*2000 Interest Earnings = $3679191
Less: Plant Operation $1429956
Funds Available $2249235
HRA Projects Fund:
12/31/00 Balance $600,226
Commitments:
Apache N/W Quadrant Study $200,000
S/W Quadrant Study $ 759000
Park Renovations $2259000
• Non-Committed $1009226
Total $600,226
8;E.SEVENTH PLACE,SUITE 100 17
SAINT PAUL,`IN 55101-2887
651-223-3000 FAX:651-223-3002 SPRINGSTED
• Public Finance Advisor;
EXTERNAL MEMORANDUM
TO: Mike Mornson, City Manager
FROM: Bob Thistle
DATE: February 24, 2000
SUBJECT: Potential Revenue Sources for City of St. Anthony Village's Capital Projects
In response to your request regarding examining the funding options for the capital projects
under consideration, I have met with Roger Larson. The following are our preliminary thoughts:
• Flood Mitigation Project
Projected Cost: $ 10,090,000
Projected Revenues:
Street Improvement Bonds (1,700,000)
Minnesota State Aid Bonds (800,000)
Storm Sewer Bonds/Utility Fund Bonds (2,040,000)
Government Grants (850,000)
DNR Funds (2,000,000)
DNR 2000 Legislative Funding Request (2,700,000)
Unfunded Balance -0-
This funding package assumes the City will receive legislative support this session. If this does
not happen, there would be a significant impact on the Flood Mitigation and other proposed
projects.
SANT PAUL.MN • MINNEAPOLIS,MN • MILWAUKEE.WI • OVERLAND PARK.KS • WASHINGTON,DC • DES MOINES.IA
City of St. Anthony I8
February 24, 2000
Page 2
• Public Works Building Project
Projected Cost: $ 6,000,000
Lease Revenue—annual debt service required: 555,000
Revenue Sources (internal)
Interest Earnings—Water Filtration Fund (125,000)
Liquor Revenues (100,000)
Capital Equipment (assumes capital equipment
notes being issued to fund equipment (75,000)
There are no revenues available within operating
levy city/levy limits
Total Debt Service Shortfall: $ 255,000
The City is short approximately $255,000 per year in internal funds to finance a lease-revenue
issue for the Public Works Building.
• Option 1: Lease-Revenue Bond
Based upon available internal revenues of $300,000, the City can afford $3.525 million, using a
lease revenue bond approach for the building. This is a 20-year commitment that directly
affects the City's operating cash flow over that time period and limits the flexibility of future City
Councils. Further, using only available cash may not be the best approach in building a facility
to meet the City's public service needs for the next 40 plus years. The cost of the building could
be increased by using part or all of the $1 million that is potentially available from the Water
Filtration Fund. (See "Water Filtration Principal" below.)
Option 2: GO Referendum
Consider maximum full Council support on a referendum to build a facility costing $6 million that
would meet the needs of the community over the next 30-50 years. This is the lowest cost .
option to the taxpayers. The cost of this option on a $6 million building is $521,000 per year or
approximately $204 per year per property parcel valued at $150,000. The cost could be
reduced by reducing the scope of the facility. Also, some cost could be offset by applying up to
$1 million from the Water Filtration Fund identified below.
City of St. Anthony 19
February 24, 2000
Page 3
• Central Park Project
Projected Cost: $ 1,000,000
Revenue Sources
Abatement of Evergreen TIF District when it is
closed out- $5.1 million abatement generates (640,000)
Unfunded park portion (360,000)
This shortfall in revenue for this project could be made up from internal revenue from the Water
Filtration Fund and liquor store profits if a referendum were passed on the Public Works
Building.
Fire Station Project
Projected Cost: $ 1,000,000
Revenues Available -0
• revenue issue there are no internal funds
If the City funds the Public Works Building as a lease ,
available to finance the Fire Station.
Potential sources are:
• Sale of the current Fire Station site
• A GO referendum, either stand-alone or coupled with the Public Works Building
Liquor Store
Projected Cost: $ 19000,000
Liquor stores are generally funded through liquor profits. In this scenario of project funding, we
are pledging liquor revenues to the Public Works Building. The only sources of revenue that are
available until 2012, when current bonds are paid off on the SAV II store in 2012, are:
• Sale proceeds of Stone House
• Liquor profits, if referendum passes
•
City of St. Anthony 20
February 24, 2000
Page 4
• Capital Equipment
In order to fund the Public Works Building as a lease revenue issue, we have proposed that
capital equipment be purchased through equipment notes. This frees up funds within the
operating levy but will increase the tax rate, which is paid for by the taxpayers.
Water Filtration Principal
Roger and I have looked preliminarily at the Water Filtration Fund and believe that up to
$1 million of principal from that Fund can be applied to these projects without jeopardizing the
long-term stability of the Fund for operation and eventual plant replacement. This amount can
be used to reduce the amount that would need to be bonded in a referendum. This would
slightly lower the interest earnings in the water filtration fund for several years.
cjb
cc: Mr. Roger Larson, Finance Director, City of St. Anthony Village
Ms. Susan Mershon, Springsted Incorporated
Mr. Bruce Kimmel, Springsted Incorporated
•
z �
CITY OF ST. ANTHONY
RESOLUTION 01-061
A RESOLUTION TO CALL FOR BIDS
RELATING TO CONSTRUCTION OF THE WATER TOWER PARK
BUILDING; THE SILVER POINT PARK BUILDING; AND THE
CENTRAL PARK BUILDING
WHEREAS, the City Council desires construction of three park buildings as part of the
overall park system improvements; and
WHEREAS, the engineering firm of SEH, Inc. has submitted estimated construction costs for
the buildings as follows:
Water Tower Park building $76,825.50
Silver Point Park building $314,206.80
Central Park building $546,362.01
NOW, THEREFORE; BE IT RESOLVED, that the City Council of the City of St. Anthony
hereby authorizes the engineering firm of SEH, Inc. to advertise for bids for the construction
of the three above-mentioned City of St. Anthony Parks, using as a guide the aforementioned
estimated costs.
Adopted this day of , 2001.
Mayor
ATTEST:
City Clerk
Reviewed by Administration:
City Manager
Park Structure Design
for St. Anthony
Village
Ensures Enjoyment for Future Generations
St . AnthonyVillage Council
intAnthon �S
illa Short Elliott Hendrickson, Inc.
Multidisciplined.
Single Source.
z �
• EXECUTIVE SUMMARY
May 1,2001
Outlined herein is a description summary for the Toilet Rooms at Water Tower Park,the Warming house at
Silver Point Park and the Warming House/Pavilion for Central Park.The Parks Commission and I have met
several times and are comfortable that this design meets the city's and park visitors' needs for generations
to come.The buildings will be constructed out of low-maintenance, vandal resistant materials,i.e.
burnished block and stainless steel plumbing fixtures. We are pleased to present the following designs and
estimated costs.
Water Tower Park
_a
We have estimated a cost of $76,825.50 for the construction of this building.
Silver Point Park
•
We have estimated a cost of $314,206.80 for the construction of this building.
Central Park
We have estimated a cost of $546,362.01 for the construction of this building.
•
WATER TOWER PARK STRUCTURE
MEETS PARKS NEEDS
WATER TOWER PARK I[A-Liff
RESTROOMS ##
------------------------------------
zl
WEST I I ' I
ELEVAT
IONS
URNISHED BLOCK
■.■■■■■■■■ ■■■■■■■■■■ STANDING SEAM
GLASSFLOORPLAN ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■
STEEL FIXTURES
................... ...........
l r�uuuu�■■u■�uuuur■�■ HANDICAP ACCESSIBLE
STROLLER-
}. JDESIGN ELEMENTS FITS THE
IS ELEVATION l it IIS
SILVER
POINT
1 STRUCTURE
MEETS PARKS
I
i
SILVER POINT PARK
WARMING HOUSE RESTROOMS
EAST ELEVATION
::.:........... ..: _ :.
1
� 1
;',,�e 111���` _?:111111�1111_IIIIIIIIIh li ��
e � 9
S09TN ELEVATIONI IN BURNISHED BLOCK
o'Y ;110STANDING SEAM ROOF
1�-Ar�TP1�[-}r.1�7T1Pi11 BLOCK
STEEL FIXTURES
FLUMN HANDICAP ACCESSIBLE
FAMILY ACCESSIBLE
DESIGN
� Jmff KNOW
NEIGHBORHOOD
CENTRAL PARK
k
MEET
ImuLow ... ....................... ............. ...... .....
' 'I
CENTRAL
, _
WARMINGIRESTROOMS
..�� �....��-�-•-..�-. .t u 111 =_..........�- r.i .� ._
SOUTH ELEVATION
FLOOR
EAST ELEVATION WEST
II 1®IIIIIIIIIIIIIIIIIIIillllllllll®III ���;:: =r����
ELEVATION
FULL YEAR RENTAL POTENTIAL
ull�ibililiini ■iiI ���ilii ���i �il�ill�iuu
�, Dbl.i� It 1 } � ■.0.qumr 1p��mM.nu n,a ..r r � Is r...rde.. .r�
il - • JAll CONNITIONED
NORTH ELEVATION
I I ROOM
II
27
STUART J. BONNIWELL
Certified Public Accountant
7101 York Avenue South- Suite 50 Office: (612)921-3325
Minneapolis,MN 55435 Fax: (612)921.-3331
The CPA Heyer Ude estimate The V.%e: .
March 27, 2001
Honorable Mayor and Members of the City Council
City of St. Anthony, Minnesota
I have audited the financial statements of the City of St. Anthony for the year
ended December 31, 2000. My report, dated March 27, 2001, expresses an unqualified
report on these financial statements.
The purpose of this letter is to communicate certain observations noted during the
audit of the general purpose financial statements of the City of St. Anthony for
the year then ended December 31_, 2000. These comments are presented for your
information and consideration. Comments and recommendations in this report are
constructive in nature and should be read in this context-, recommendations are
intended to improve and/or strengthen internal control, financial management,and
administration.
• Financial Summary
The financial condition of the City continues to remain strong. The operating or
governmental funds of the City, consisting of the General Fund, Special Revenue,
Debt Service and Capital Project funds remain healthy. The City's proprietary
funds (enterprise funds - liquor and utility) also improved as a result of operations
for the year..
Following is a summary of fund balances/retained earnings by fund category as of
December 31 for each of the past three years.
2000 1999 1998
General Fund $976,523 $870,708 $749,247
Special Revenue..Funds. 423,714 -413,103 295,584
Debt Service Funds 1,126,439 1,928,192 2,033,873
Capital Project Funds 3,931,608 2,389,243 3,229,955
------------ ------------ ------------
6,458,284 5,601,246 6,308,659
Enterprise Funds 8,124,509 7,185,247 6,884,750
------------ ------------ ------------
$14,582,793 $12,786,493 $13,193,409
------------ ------------ ------------
• As the chart above illustrates, the City's financial condition. has not changed sign-
ificantly over the past several years. The change in the Debt Service and Capital
Projects balance is partially attributed to the recharacterization of the balance
remaining in the Kenzie tax increment district from a debt service fund 'to a capital
project fund due to the original debt being fully retired.
28
Honorable Mayor and Members of the City Council
® City of St. Anthony, Minnesota
Financial Summary, continued
A summary, of significant activities of these fund categories follows:
General Fund
The fund balance of the General Fund at December 31, 2000 is $976,523, which repre-
sents an increase of 12.15% from the prior year's fund balance. For the year ended
December 31, 2000, revenues exceeded expenditures by $105,815. Below is a con-
densed summary of revenues and expenditures compared to the budget for 2000.
Budget Actual
Revenues
General Property Taxes $1,647,970 $1,648,606
Licenses and Permits 95,400 115,812
Intergovernmental Revenues 713,757 804,463
Charges for Current Services 558,323 557,574
Other Revenues 172,000 241,511
Transfers In 340,000 104,735
------------ ------------
3,527,450 .3,472,701
Expenditures
General Government 680,850 599,089
Public Safety 1,601,527 1,587,660
Public Works 538,100 467,877
Park Maintenance 81,800 81,567
Other Services 550,173 555,693
Transfers Out 75,000 75,000
------------ ------------
3,527,450 3,366,886
------------ ------------
Excess of Revenues Over Expenditures $ - $105,815
- ------------ ------------
Revenues and transfers of $3,472,701 were less than budgeted estimates by approxi-
mately $55,000 due to a budget transfer of $250,000 not deemed necessary by City
management. Increases in revenues are attributed to intergovernmental revenues
(state aids) and other revenues (franchise fees and insurance dividends) and offset
the amount not transferred.
Actual expenditures and transfers of $3,366,886 were approximately 95.45% of budgeted
amounts. Although total expenditures (not including transfers) increased by nearly
$216,000 compared to the prior year, all City departments experienced favorable vari-
ances when actual expenditures were compared to budgeted estimates for the 2000.
29
Honorable Mayor and Members of the City Council
City of St. Anthony, Minnesota
Financial Summary, continued
General Fund, continued
As previously noted, the surplus in the General Fund was achieved without the benefit
of making budgeted transfers of $250,000. , These resources have been subsequently
committed to the City's budget for 2001.
The fund balance of the General Fund is designated or reserved for the following
purposes:
Working Capital and Revenue Stabilization $814,035
Insurance (Self-insurance) 79,660
Public Safety (Unemployment Benefits and Other) 47,960
Prepaid Insurance and Other Items 34,868
------------
$976,523
The major portion, $814,035, has been designated for working capital purposes. This
reserve provides financing of current operations until tax settlements and state aids
are received. This reserve also serves as a safeguard against potential revenue
shortages or unexpected expenditures which may occur throughout the year. This
reserve for working _capital represents approximately -23.13% of budgeted expenditures
'for 2001, compared to 23.87% for 2000. The total fund balance represents approxi-
mately 27.75% of the current year's budgeted expenditures. Although the City's
financial consultant indicated the City should maintain a fund balance reserve of
50% in the General Fund, this amount would appear to be excessive and a more rea-
sonable amount would be 35% to 40%.
Council and management have realized the importance of providing a sufficient level
of working capital by establishing and maintaining this reserve. The amount of
this reserve is required because it was noted during the audit that in June and
November the General Fund internally borrowed funds from other City funds to sus-
tain its operations until tax collections and state aids were received. To preserve
this level of working capital reserve in the General Fund, council and management
must continually monitor its financial position throughout the year to avoid adverse
changes impacting its financial stability.
Special Revenue Funds
Each of the special revenue funds are maintained for a specific purpose. These
funds remain financially sound at December 31, 2000, with sufficient fund balance
reserves available to finance their respective activities in 2000.
The fund balance of the General Reserve Fund of $250,000 has been committed or
designated for revenue stabilization purposes (revenue shortages) in the General
Fund or for capital acquisitions in 2001.
•
30
Honorable Mayor and Members of the City Council
• City of St. Anthony, Minnesota
Financial Summary, continued
Debt Service Funds
Many of the debt service funds maintained relate to the City's street improvement
program. Fund balances of these funds are restricted for debt service requirements
and are not available for current expenditure purposes until the debt is retired.
Fund balances of these funds are the result of the collection (prepayments) of
assessments levied in connection with improvement projects. Existing fund balances,
combined with annual tax and assessment levy amounts, are sufficient to satisfy
2001 debt service requirements. Two additional debt service funds were created to
account for the debt service related to the bonds issued this past year. State
aids will be utilized to retire the debt issued for street improvements and collec-
tion of fees will be utilized to retire the storm sewer bonds issued. Debt service
funds related to the Housing and Redevelopment Authority have existing fund bal-
ances, and combined with current collection of tax increment revenues continuing,
sufficient revenues will be generated from each of the tax increment districts to
satisfy current debt service .requirements for the remaining two bond issues.
Capital Project Funds
Improvement costs incurred by the City amounted to $3,837,973. Proceeds from two
bond .issues, in addition to state aids, were used. to fundthese projects.
The most significant activity of the Capital Project Funds involves the Storm Water
Improvement Fund. Construction of various storm water related projects continued.
Proceeds from the issuance of bonds were used to finance these project costs. In
addition, the 2000 street improvement project was done in connection with the storm
water projects and funds from the sale of bonds were transferred to this fund.
Other capital project activities included park improvements and equipment acquisitions.
Proprietary .Funds
The financial condition of each enterprise fund improved based on results of
operations for 2000.
The. Liquor Fund 'had net income :of $217,822 for the year. After budgeted transfers
of. $140,000, the increase in retained earnings was $77,822.- Retained earnings_ are
approximately $1,135,000 at December 31, 2000. Income from operations was almost
identical to 1999, with an increased sales volume of 1.70%.
The Utility Fund had net income from operations of $514,366 for the year. In 2000,
the Utility Fund paid for various improvement costs which have been capitalized
and will be depreciated over the next several years. Retained earnings of the
Utility Fund are approximately $7,000,000, which are reserved for water filtration
and purification improvements.
• The deficit of the Employee Benefit Fund is $196,615 at December 31, 2000. Funding
of this liability in prior years has been limited due to the unlikelihood that the
entire amount of the liability would be expended in any one year. The liability
for compensated absences increased as a result of the conversion from sickdays to
personal leave days for computation of the liability amount.
31
Honorable Mayor and Members of the City Council
• City of St. Anthony, Minnesota
Government Accounting Standards Board (GASB) Statement No. 34
GASB Statement No. 34 is the most significant change.in the governmental financial
reporting model in over twenty years. This Statement establishes financial reporting
standards for state and local governments. It establishes the basic financial
statements and the required supplementary information to be included. The following
are some of the major concepts of the Statement.
- A section titled `management's discussion and analysis' must be added to the
financial report and statements. This section is to be written by the City's
management. The discussion should introduce the basic financial statements
and provide an overview of the financial activities and an analysis of the
City's financial performance for the fiscal year being reported on.
- Government-wide financial statements will replace the current general purpose
financial statements as they are referred to. The government-wide financial
statements will group funds into either governmental type activities or business
type activities; both will report on the accrual basis of accounting. Using
the economic resources measurement focus, these statements should report
all assets, liabilities, revenues and expenses of the City. These government-
wide statements will report all capital assets and long-term liabilities within
the funds, rather than in separate account groups. For example, debt issued
by the City will be reported as a .liability of .a_fund rather than in the general
long-term debt. account group. Debt payments will.be applied against the
• liability rather than being reported as a current expenditure. Similarly all
property and equipment will be capitalized and depreciated rather than being
expensed at the time of acquisition.
- Individual fund financial statements will also be included in the financial
report. These statements retain the focus of matching funding with the costs
of providing programs and services. These statements will be similar to your
current financial statements. Governmental funds should be prepared on the
modified accrual basis of accounting and proprietary funds on the accrual
basis of accounting using the economic resources measurement focus. Although
separate funds will be used, the emphasis in the reporting presentation will
be providing information on the major or most important funds, with aggregate
reporting the rest of the funds, rather than the current method of combining
funds by fund types.
- Required supplementary information must include:
- budgetary comparisons in the financial statements and must include both
the original budgets as well as amended budgets,
- a reconciliation between the fund-basis and the governmental-wide financial
statements, and
- other types of financial data required by previous GASB pronouncements.
The requirements of this statement are effective in three phases based on a govern-
ment's total annual revenues (excluding extraordinary items) in the first fiscal
• year ending after June 15, 1999 (i.e. December 31, 1999).
32
Honorable Mayor and Members of the City Council
City of St. Anthony, Minnesota
Government Accounting Standards Board (GASB) Statement No. 34
'Implementation dates of this Statement are as follows:
Total Revenues for Year Ending
Phase FYE 12/31/99 December 31,
--------- --------------------------- ------------
1 Greater than $100 Million 2002
2 $10 Million to $100 Million 2003
3 Less than $10 million 2004
Earlier implementation of this Statement is encouraged but not required. Most
governments will delay implementation of this Statement due to the significant
time and effort that will be required to comply with this Statement, and allow time
for further guidance on implementation from GASB. However, the suggestion is that
the City begin planning now for these significant changes. I will keep the City
informed as further guidance and recommendations for implementation are issued
and to assist the City in making this transition smoothly.
Other Matters
.Project Reimbursements
During the year, the City incurred significant costs related to projects eligible
for reimbursement from the State. At December 31, 2000, it was noted the appli-
cation process for reimbursement had not yet been commenced. During the audit,
this situation was discussed with the finance director who instructed the City
engineers to request reimbursement of these project costs.
Liquor Profitability
Although, income from liquor operations for the year was favorable; it was noted
based on a review of revenues and expenses and internal management reports, the
profitability of the City's on-sale operation decreased significantly when compared
to the prior year. This operation should be monitored closely and steps imple-
mented in an attempt to increase income from this portion of the liquor operation.
Financial Records
During the audit it was noted checks were occasionally used out of sequence. This
practice should be monitored closely to ensure all checks are properly used and
accounted for. In instances when checks are prepared manually, perhaps a separate
sequence of checks may be used for this purpose.
In addition, purchase orders are not consistently used by all departments. Perhaps
a formal policy can be instituted for use by all departments or the present system
discontinued.
33
Honorable Mayor and Members of the City Council
City of St. Anthony, Minnesota
® Prior Year Recommendations
Recommendations presented in the prior year's letter were addressed by management
throughout the.year. Budgets have been prepared for special revenue funds and
included .in the.City's budget document for 2001. In addition, based on discussions
with liquor management, liquor purchases between the inventory system and the
supporting accounting records are being reconciled on a routine basis.
This report is intended solely for the information and use of the City Council,
management and others within the organization. Again, recommendations are
intended to improve or strengthen financial mangement and administration.
If the Council wishes, I would be pleased to meet and discuss any of the observa-
tions, comments, or recommendations mentioned or other matters pertaining to the
audit with the Council or management at your convenience. If the City desires,
I am available to assist with the implementation of any of the recommendations.
I wish to express my appreciation for the courtesies and cooperation extended by
the City Manager, Finance Director and City personnel during the engagement.
�lJv
• Stuart J. Bonniwell
Certified Public Accountant
•
MISCELLANEOUS INFORMATIONAL DOCUMENTS
INVESTMENT PORTFOLIO: 03/31/2001
• Interest Date
FIRSTAR ST ANTHONY BANK $8(g Purchased Maturity Book Value
INVESTMENT DEMAND-MONEY MARKET SAVINGS 4.57% 1 DAY LIQUIDITY(SWEEP) $116,553.39
4/MF�L
$573,000 EAGLE FUNDING COMM PAPER 5.124% 02/20/01 05110/01 $566,872.08
$500,000 FHLB-ZERO COUPON BOND 8.0000% 11/18/99 07/28/17 $124,800.00
$691,672.08
4/M ARMY-WATER FILTRATION
$200,000 FED HOME LOAN.MORTGAGE CORP. 6.010% 11/05/98 11/05/08 $200,000.00
$100,000 FED HOME LOAN MORTGAGE CORP. 6.175% 12/07/98 12/22/08 $100,000.00
$200,000 FED HOME LOAN MORTGAGE CORP. 6.00% 12/21/98 06/23/04 $200,000.00
$100,000 FED HOME LOAN MORTGAGE-STEP UP 6.00% 02/03/99 02/24/14 $100,000.00
$200,000 FED HOME LOAN MORTGAGE-STEP UP 6.00% 03/03/99 03/03/14 $200,000.00
$100,000 FED HOME LOAN MORTGAGE-STEP UP 6.25% 03/09/99 03/24/14 $100,000.00
$ 45,000 FED HOME LOAN MORTGAGE-STEP UP 6.20% 03/18/99 01/21/08 $45,000.00
$100,000 FED HOME LOAN MORTGAGE-STEP UP 6.15% 04/13199 04/14/14 $100,000.00
$100,000 FED HOME LOAN MORTGAGE-STEP UP 6.46% 05/12/99 01/08/08 $100,000.00
$200,000 FED HOME LOAN MORTGAGE-STEP UP 7.00% 06/04/99 05106/14 $199,000.00
$800,000 FED HOME LOAN BANK-ZERO COUPON 7.00% 01/12/99 01/28/19 $202,057.98
$500,000 FED HOME LOAN BANK-ZERO COUPON 6.20% 01/12/99 01/28/19 $126,286.24
$500,000 FED HOME LOAN BANK-ZERO COUPON 8.12% 09/09/99 07/14/17 $48,312.00
$289,000 STELLER FUNDING COMMERCIAL PAPER PARKS 6.50% 10/27/00 04/26/01 $279,976.70
$139,000 GENERAL MOTORS COMMERCIAL PAPER PARKS 6.50% 01/26/01 04/26/01 $137,189.53
$203,000 GENERAL MOTORS COMMERCIAL PAPER PARKS 4.80% 01/26/01 04/26/01 $202,096.99
$2,339,919.44
• DAIN RADS H R- N RA
$52,000 FICO STRIPPED COUPON 9.37% 6/22/90 12/06/01 $19,891.31
GNMA POOL 4734 8.50% 02/01/75 01/15105 $237.89
GNMA POOL 6472 7.50°/6 07/01/75 07/15/05 $995.51
GNMA POOL 14376 7.509/6 03/01/77 03/15107 $2,130.89
GNMA POOL 23364 9.00% 09/01/78 09/15/08 $1,222.77
GNMA POOL 23356 9.00% 11/01/78 11/15/08 $2,253.37
$433,000 FORD MOTOR COMMERCIAL PAPER 6.32% 12/19/00 04/11/01 $424,700.06
$435,000 GE CAPITAL COMMERCIAL PAPER 6.24% 12/19/00 05/11/01 $424,625.90
$489,000 FORD MOTOR COMMERCIAL PAPER 4.568% 03/20/01 06/15101 $483,737.98
$1,359,795.68
DAIN RAUSCHER-HONEYWELL
$125,000 FHLBC-ZERO COUPON BOND 8.041% 11/16/99 07/14/17 $31,076.25
$312,000 FNMA-ZERO COUPON BOND 8.00"/6 11/17/99 08109/19 $66,407.96
$100,000 FHLMC-ZERO COUPON BOND 8.00% 12/15/99 03/08/29 $10.105.00
$130,000 FNMA-ZERO COUPON BOND. 8.30% 06(01/00 08/02/18 $29,555.30
$106,000 GENERAL ELECTRIC COMM PAPER PARKS 5.042% 02/08/01 05109/01 $104,698.32
$220,000 GENERAL ELECTRIC COMM PAPER PARKS 4.596% 03/20/01 05109/01 $218,628.46
$200,000 FED HOME LOAN MORTGAGE-STEP UP 6.00% 03/03/99 03/03/14 $200,000.00
$200,000 FED HOME LOAN MORTGAGE-STEP UP 6.1500/6 04114/99 04/14/14 $200,000.00
$200,000 FED HOME LOAN MORTGAGE-STEP UP 6.00% 07/15/99 02124/14 $193,700.00
$1,054,171.29
JOHN G-KINNARD
$43,000.00 FICO FED STRIP SERIES 1 7.479% 11/09/94 05/11/02 $24,781.96
• $500,000.00 FED HOME LOAN BANK CALLABLE 6.000/6 10/29/98 08/20/18 $128,730.00
$1,200,000.00 FED HOME LOAN BANK CALLABLE 6.00°/6 10/21/98 09/10/18 $307,538.40
$250,000.00 FED HOME LOAN BANK-ZERO COU 6.109% 02/18/99 07/07/17 $60,625.00
$550,000.00 FNMA-MEDIUM TERM NOTE 7.950% 11/24/99 06122/18 $129,228.00
$200,000.00 FEDERAL HOME LOAN BANK 7.537% 02/01/01 03123/18 $56,224.00
Time4/24/01 MONTHLY INVESTMENT REPORT MARCH 2O01.)dsINVESTI
• JOHN G.KINNARD ( f+ntin�edl
$90,000.00 GREENWOOD TRUST CID 7.00% 10/06/94 10/12/01 $90,000.00
$44,000.00 CONSECO BANK-C/D 6.65% 11/01/00 15/01/02 $44,000.00
$100,000.00 FED HOME LOAN BANK CALLABLE 6.28% 06/11/98 1010002 $100,578.13
$100,000.00 FED.HOME LOAN MORT-CALLABLE_ 6.284°/6 01/14/99 01/14/09 $99,750.00
$100,000.00 ..FED HOME LOAN BANK-CALLABLE 6.390% 05/17/99 . 05/17/06 $100,000.00.
$100,000.00 FED HOME LOAN MORT-CALLABLE 6.50% 06/02/99 06/02/14 $99,000.00
$100,000.00 FED HOME LOAN MORT-CALLABLE 6.509/6 06/02/99 06/02/14 $100,000.00
$100,000.00 FED HOME LOAN MORT-CALLABLE 7.40% 06/11/99 06/09/14 $100,000.00
$250,000.00 FHLMC MED TERM NOTE-CALLABLE 6.31% 02/26/01 03/26(18 $248,923.61
$1,689,379.10
DEAN WITTER
$100,000.00 HURLEY STATE BANK-CID 7.15% 09/21/94 09/21/01 $100,000.00
JURAN&MOODY
$150,000 GSIF FRMAC SERIES 10 7.50% 03/09/93 03/09/07 $27,130.47
$200,000 FNMA-9334 P/O 7.24% 04/20/93 03/25/23 $29,475.00
$200,000 GSIF FRMAC SER 1166.6% 7.000/6 04/20/93 04/20/08 $60,798.34
$11,000 FICO STRIPS SERIES 11 9.40% 10/15/93 08/08/06 $8,446.95
$100,000 FRMAC SER 11 MPRG 33.3 7.000/6 01/25/94 01/25/09 $34,973.06
$50,000 FHLMC MCB SER 1629MB 7.000/6 02/07/94 01/15/23 $42,034.07
$148,000- FHLMC STEP-UP NOTE 7.00°/6 06/08/98 04/30/13 $148,000.00
$400,000-FNMA SEMI 30/360 6.14% 09/09/98 09/10/08 $401,165.55
$200,000-FNMA SEMI 30/360 6.30% 09/10/98 09/10/08 $200,441.43
$200,000-FNMA CALLABLE 6.5% 6.500/6 09/24/98 11/12/08 $298,938.50
$150,000-FHLM SEMI 30/360 6.50% 6.50% 02/17/99 02/17/06 $151,047.67
$200,000-FHLM SEMI 30/360 6.50% 6.50% 03/10/99 07/28/08 $199;402.07
• $200,000-FNMA MEDIUM TERM NOTE 6.00%. 6:00% 02/27/01 01/28/09 $200,000.00
$200,000-GENERAL MOTORS COMM PAPER WALGREENS 5.001% 02/23/01 08/01/01 $195,741.40
$650,000-GENERAL MOTORS COMM PAPER CUSTOM LIO 5.2339/6 02/23/01 04/02/01 $646,483.30
$2,644,077.81
TOTAL BOOK VALUE $9,995,568.79
Time4/24/01 MONTHLY INVESTMENT REPORT MARCH 2O01.)dsINVESTI
•
MARCH 2001 City of St.Anthony
Profit&Loss Statement from Operations
Actual Actual
Year to Date Year to Date Increase
SAV I SAV II STONEHOUSE 03/31/01 03/31/00 (Decrease)
Sales $158,678.00 $160,325.00 $73,987.00 $1,061,231.00 $1,031.,868.00 .$29,363.00
Less: Cost of Goods Sold $123,420.00 $126,020.00 -$27,330.00 $741,246.00 $733,745.00 .$7,501.00
Gross Profit $35,258.00 $34,305.00 $46,657.00 $319,985.00 $298,123.00 $21,862.00
Ratio to Net Sales 22.22% 21.40% 63.06% 30.15% 28.89%
Operating Expense:
Salaries,Wages, Benefits $14,731.00 $14,988.00 $25,238.00 $152,726.00 $140,422.00 .. .$12,304-00
All Other Expenses $13,152.00 $13,629.00 $17,239.00 $126,324.00 $131,466.00 ($5,142.00)
Total Operating Expense $27,883.00 $28,617.00 $42,477.00 $279,050.00 $271,888.00 $7,162.00
Ratio to Net Sales 17.57% 17.85% 57.41% 26.29% 26.35%
Profit from Operations $7,375.00 $5,688.00 $4,180.00 $40,935.00 $26,235.00 $14,700.00
Other Income $2,135.00 $1,376.00 $3,330.00 $14,292.00 $13,771.00 $521.00
Net Income $9,510.00 $7,064.00 $7,510.00 $55,227.00 $40,006.00 $15,221.00
Ratio to Net Sales 5.99% 4.41% 10.15% 5.20% 3.88%
March-Net Income $24,084.00
Y-T-D
SAV I SAV II STONEHOUSE ALL STORES
YEAR TO DATE 03/31/01 $21,700.00 $18,458.00 $15,069.00 $55,227.00
YEAR TO DATE 03/31/00 $16,995.00 $13,782.00 $9,229.00 $40,006.00
INCREASE/DECREASE $4,705.00 $4,676.00 $5,840.00 $15,221.00
2000 Actual Profits (Un-Audited) 2001 Y-T-D Profits
Actual Y-T-D
SAV I SAV II Stonehouse SAV 1 SAV II Stonehouse Profits. Comparison
January $4,569.00 $1,343.00 $4,496.00 $10,408.00 January $4,972.00 $5,329.00 ($1,851.00) $8,456.00 ($1,958.00)
February $2,511.00 $3,419.00 ($4,306.00) $12,032.00 February .$7,218.00 $6,065.00 $9,410.00 $31,143.00 $19,111.00
March $9,915.00 $9,020.00 $9,039.00 $40,006.00 March $9,510.00 $7,064.00 $7,510.00 $55,227.00 $15,221.00
April $15,157.00 $9,893.00 $6,060.00 $71,116.00 April $0.00 $0.00 $0.00 $55,227.00 $0.00
May $11,957.00 $10,567.00 ($600.00) $93,040.00 May _ $0.00 $0.00 $0.00 $55,227.00 $0.00
June $13,557.00 $10,924.00 $141.00 $117,662.00 June $0.00 $0.00 $0.00 $55,227.00 $0.00
July $9,694.00 $7,835.00 ($259.00) $134,932.00 July $0.00 $0.00 $0.00 $55,227.00 $0.00
August $7,201.00 $4,050.00 . :'$5,301.00 $151,484.00 August $0.00 $0.00 $0.00 $55,227.00 $0.00
September $13,908.00 $5,609.00 $2,295.00 $173,296.00 September $0.00 $0.00 $0.00 $55,227.00 $0.00
October $6,961.00 $2,508.00 ($3,333.00) $179,432.00 October. $0.00 $0.00 $0.00 $55,227.00 $0.00
November $8,445.00 $9,832.00 $6,272.00 $203,981.00 November $0.00 $0.00 $0.00 $55,227.00 $0.00
December $14.576.00 $18,001.00 665.00 $241,223.00 December $0.00 0.00 $0.00 $55,227.00 $0.00
Total $118,451.00 $93,001.00 $29,771.00 $24� Total $21,700.00 $18,458.00 $15,069.00 $55,227.00
Increase/(Decrease) $4,705.00 $4,676.00 $5,840.00 $15,221.00
Y-T-D By Store
March -2001 City of St.Anthony
Reconciliation to Inventory Valuation Report
SAVI SAV II
Beginning Inventory: $222,774.47 Beginning Inventory: $227,653.22 .
Plus or Minus: Plus or Minus:
Transfers $2,668.47 Transfers ($2,668.47)
Adjustments ($274.43) Adjustments $63.46
Returns to Vendors ($9,832.61) Retums to Vendors ($10,833.91)
Add: Receiving $122,526.02 Add: Receiving $144,373.95 .
Less: Cost of Goods Sold ($123,420.05) Less: Cost of Goods Sold ($1269019.71)
TOTAL $214,441.87 TOTAL $232,568.54
Total per Valuation Report $214,232.79 "' Total per Valuation Report $232,609.24
Difference ($209.08) Difference $40.70
Beginning April 2001 Inventory $214,232.79 Beginning April 2001 Inventory $232,609.24
"'Comes from Valuation Report "'Comes from Valuation Report