1. 2016 3rd QUARTER FINANCIAL REPORTS
CITY OF ANOKA

2. 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

3. 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

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

5. 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)

6. GENERAL FUND REVENUE COMPARISON (in thousands)

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

8. GENERAL FUND EXPENDITURE COMPARISON (in thousands)

9. EXPENDITURES BY TYPE (in thousands)

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

11. Cash & Investments down ($1.4) million from last year
TOTAL INVESTMENTS
$ 6,174,000
$ 11,350,000
$ 3,250,000
$ ,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

12. 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

13. INVESTMENT MATURITIES (in thousands)

14. 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.

15. 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.

16. CAPITAL FUND EXPENDITURES (In Thousands)

17. 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.

18. GOVERNMENTAL FUND RESERVES (In Thousands)

19. 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.

20. 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.

21. ENERPRISE FUNDS

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