2016 3rd QUARTER FINANCIAL REPORTS CITY OF ANOKA

City of Anoka - Big Picture Total Revenues – remained the same with varying changes between funds. Garage fund – ($500,000) less transfers in South Ferry TIF – $1.8 million increased transfers in. Enterprise Park TIF – ($1.2 million) no tax revenue Commuter Rail TIF – ($300,000) VOA road share Street Renewal fund – ($2.2 million) less transfers in & property sales Building Improvement fund - $350,000 more transfers in. Debt service funds - $1.6 million bond refunding General fund - $500,000 additional tax revenue

City of Anoka - Big Picture Total Expenditures - Down ($5.3 million) HRA TIF – ($800,000) Walker development Electric fund– (1.3 million) less transfers out South Ferry TIF - $3 million Riverplace aquisition Enterprise Park TIF - $1.4 million transfers out Park Capital fund - ($400,000) fewer projects Street Renewal fund - ($1.9 million) less expensive street projects Debt Service funds – ($7.5 million) refunded debt General fund - $2.2 million increased transfers out and additional police and security

Current and historic Sources and Uses as of 3rd Qtr.

GENERAL FUND REVENUES General fund revenues - UP $566,000 or 8.6% Largest changes in: Taxes $482,704 Intergovernmental $224,626 Licenses & Permits ($ 88,472)

GENERAL FUND REVENUE COMPARISON (in thousands)

GENERAL FUND EXPENDITURES General fund expenditures - UP $2.3 million or 30.6% $ 491,300 in salaries & benefits $ 88,700 in professional services (insurance, attorney, utilities, ect..) $ 27,400 in maintenance (vehicle rent, maintenance) $ 40,500 fire contract $ (39,500) in capital improvements $1,644,400 in transfers out

GENERAL FUND EXPENDITURE COMPARISON (in thousands)

EXPENDITURES BY TYPE (in thousands)

CASH AND INVESTMENTS Total cash & investments - $25,248,908

Cash & Investments down ($1.4) million from last year TOTAL INVESTMENTS $ 6,174,000 $ 11,350,000 $ 3,250,000 $ 437,358 $ 4,037,550 $ 25,248,908 Certificates of Deposit Agency’s Municipal Bonds Bankers Acceptance Money Market Funds TOTAL Cash & Investments down ($1.4) million from last year

QTRLY INVESTMENT ACTIVITY 3rd QTR Sales Activity BA’s $ 1,341,143 CD’s 2,29,000 Agency’s 4,500,000 TOTAL $ 8,070,143 3rd QTR Purchase Activity BA’s $ 1,329,435 CD’s 1,241,000 Agency’s 4,750,000 TOTAL $ 7,320,435

INVESTMENT MATURITIES (in thousands)

SPECIAL REVENUE FUNDS The City has six special revenue funds. They include; Urban Redevelopment Round Up Police Forfeiture Cemetery Parking Lodging Tax – (North Metro Convention Bureau) Revenues for all funds total $362,000. Expenditures total $224,000. Revenues in the special revenue funds are currently covering annual operating costs associated with them, except for Parking.

CAPITAL FUNDS The city has several capital project fund types to provide sources for infrastructure and capital improvements. Revenues for all these funds total $2.5 million, including transfers in. Expenditures total $2.3 million.

CAPITAL FUND EXPENDITURES (In Thousands)

TIF FUNDS The city has several TIF fund types to provide sources for tax increment financing projects such as infrastructure and debt. Revenues for all these funds total $262,000. Expenditures total $4.4 million. The city funded the purchase of the Riverplace property with future tax increment revenues dedicated to repayment of an internal loan from the Electric fund.

GOVERNMENTAL FUND RESERVES (In Thousands)

INTERNAL SERVICE FUNDS Information Systems has a working capital balance of $275,000. Roseville continues to upgrade equipment and software throughout the city. The central garage fund has a working capital balance of $323,000. The city has been replacing equipment the past two years. In 2016, there was a transfer to garage from the general fund. The insurance fund has a working capital balance of $1,046,000.

ENTERPRISE FUNDS All enterprise funds are reflecting operating income (excluding depreciation) as of September 30, 2016, except refuse and recycling. Electric has used some reserves for transfers to other funds. Electric is also lending cash to TIF funds for project costs. Sewer cash is down ($560,000) while Storm Water cash is up $1,000,000. Capital improvements continue to require funding from Water, Sewer and Storm Water funds. The Golf Course has used cash for a new golfcarts. Expenses have increased more than revenues have increased at this time.

ENERPRISE FUNDS

OVERALL REPORT THE CITY OF ANOKA IS WITHIN BUDGETED EXPENDITURES AND FINANCES CONTINUE TO BE STABLE