HomeMy WebLinkAbout2010/06/21 - ADMIN - Agenda Packets - City Council - RegularAGENDA
JUNE 21, 2010
(Mayor Jacobs and CouncilMember Mavity out)
6:30 p.m. SPECIAL STUDY SESSION – Council Chambers
Discussion Items
1. 6:30 p.m. Fire Stations Project Update
Written Reports
2. Highway 7 / Louisiana Avenue Interchange Project Update
3. Project Report - W. 36th Street Streetscape Bridge Enhancement - Project 2010-2600
7:30 p.m. CITY COUNCIL MEETING – Council Chambers
1. Call to Order
1a. Pledge of Allegiance
1b. Roll Call
2. Presentations
2a. Recognition of Catherine Tarsney.
2b. Tom Gasman Retirement Recognition.
2c. Friends of the Arts Presentation of Our Town: Verses and Voices Program
2d. Presentation of 2009 Financial Statements – Auditors Presentation
3. Approval of Minutes
3a. Study Session Minutes May 24, 2010
3b. City Council Minutes June 7, 2010
3c. Special Study Session Minutes June 7, 2010
4. Approval of Agenda and Items on Consent Calendar
NOTE: The Consent Calendar lists those items of business which are considered to be routine and/or which need no
discussion. Consent items are acted upon by one motion. If discussion is desired by either a Councilmember or a member
of the audience, that item may be moved to an appropriate section of the regular agenda for discussion. The items for the
Consent Calendar are listed on the last page of the Agenda.
Recommended Action:
Motion to approve the agenda as presented and to approve items on the consent calendar.
(Alternatively: Motion to add or remove items from the agenda, motion to move items from consent
calendar to regular agenda for discussion and to approve those items remaining on the consent calendar.)
5. Boards and Commissions -- None
6. Public Hearings -- None
7. Requests, Petitions, and Communications from the Public - None
Meeting of June 21, 2010
Special Study Session and City Council Agenda
8. Resolutions, Ordinances, Motions and Discussion Items
8a. Sale and Issuance of Educational Facility Revenue Notes for the Groves Academy Project -
Series 2010
RECOMMENDED ACTION: Motion to adopt Final Resolution “Authorizing the
Issuance and Sale of Educational Facility Revenue Bonds (Groves Academy Project), Series
2010 in the Original Aggregate Principal Amount of $4,590,000; Approving the Form of
and Authorizing the Execution and Delivery of the Bonds and Certain Related
Documents; And Providing for the Security, Rights, and Remedies With Respect to the
Bonds”.
9. Communication
Auxiliary aids for individuals with disabilities are available upon request. To make arrangements, please call the
Administration Department at 952/924-2525 (TDD 952/924-2518) at least 96 hours in advance of meeting.
Meeting of June 21, 2010
Special Study Session and City Council Agenda
4. CONSENT CALENDAR
4a. Application to Municipal Agreement Program for Street Project - Highway 7 and Louisiana
Avenue Intersection, Project No. 2012-0100
4b. Designating Polling Places and Appointing Election Judges for 2010 Elections
4c. Bid Tabulation: Maintenance Project - 2010 Random Concrete Repair Project – Project
No. 2010-0003, 0004, & 0006
4d. Tom Gasman Retirement Resolution
4e. Approve Right of Way Purchase – Highway 7/Wooddale Interchange Project – Project No.
2004-1700
4f. Approval of Filing Planning Commission Minutes May 19, 2010
4g. Approval of Vendor Claims
St. Louis Park Economic Development Authority and regular City Council meetings are carried live on Civic TV cable
channel 17 and replays are frequent; check www.parktv.org for the schedule. The meetings are also streamed live on the
internet at www.parktv.org, and saved for Video on Demand replays. The agenda is posted on Fridays on the official
city bulletin board in the lobby of City Hall and on the text display on Civic TV cable channel 17. The agenda and full
packet are available by noon on Friday on the city’s website.
Meeting Date: June 21, 2010
Agenda Item #: 1
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Fire Stations Project Update
RECOMMENDED ACTION:
No action is required. The purpose of the meeting is to provide an update on the fire station project
and to discuss goals, questions and concerns of City Council with staff and KKE Architects.
POLICY CONSIDERATION:
Are the project goals consistent with City Council’s expectations?
There are several more policy issues that relate to the fire station plans that will need to be decided
by City Council in the future. Staff will be gathering information over the next few weeks to better
describe and explain the issues, as well as present clear alternatives for City Council consideration.
The specific future policy questions include:
• Should “future” apparatus bay space be built now or planned as later additions?
o No decision is needed on this item until the space needs analysis progresses, cost estimates
are completed, and the budget impacts are better understood.
• Should storage space for City records be built at one of these fire stations?
o The City needs additional records storage space. This can be provided in a number of ways
and at various sites. Staff will be reviewing alternatives to present to City Council.
• Should storage space for elections equipment be built at one of the fire stations?
o The MSC project provides space for elections equipment storage that meets the City’s need,
but it does so in a location that may limit future office expansion within the building. Staff
will consider other options for storing this equipment.
• Should Oxford Street remain one-way?
o This restriction has consequences for site access and circulation, such as adding return trips
by fire trucks through the residential neighborhood and possibly reducing green space.
BACKGROUND:
Staff and KKE Architects will present to the City Council a summary of the site analysis, program
review, goals, and initial issues that have been identified by the Fire Stations Working Group.
A Fire Station Needs Assessment Study and Report completed by BKV Group in November 2006
verified staff’s general concerns that both fire stations have extensive building and operational
deficiencies. From a long-term facilities planning perspective, City Council concluded that public
funds would be most efficiently used through the construction of new facilities rather than
renovating existing structures through extensive remodeling and additions.
Special Study Session Meeting of June 21, 2010 Page 2
Subject: Fire Stations Project Update
From 2007 to 2008 the City explored various site options and scenarios for building a single central
fire station or two new fire stations. In 2009, the City Council concluded that building new fire
stations in essentially the same locations as the existing stations would be the best solution. The sites
are not perfect, which was understood at the time they were selected, and present several challenges
for the design and construction, but staff is working to best meet the goals for these facilities.
TOPICS TO DISCUSS:
Staff and KKE Architects will provide an update to City Council on the initial design process. A
short presentation will describe some fire station space needs changes that have been identified. The
presentation will highlight the Fire Station Working Group’s site analysis and some of the broad
goals for the project. KKE Architects will present a concept plan prepared for each station site.
Finally, staff will share some policy issues identified during the design process that may need City
Council direction later in the schematic design process.
Space Needs Update:
The review and update of fire station space needs is underway. Staff recognizes these stations are
long-term investments for the community. The Fire Department is considering what will be needed
not only today, but 20 years from now. Staff’s efforts so far has identified some additional space
needs to include in the site planning process. An overview of the findings to date is shown in the
attached “Space Needs Summary.”
Site Analysis Update:
Attached for your review is a summary of the site analysis and goals identified by the Fire Stations
Working Group. The summary also includes “Concerns and Opportunities” from the neighbors’
perspective. The Working Group is also collecting input from other staff and departments.
Update on Site Planning:
The Working Group has reviewed many site design alternatives, is still evaluating concept site plans,
and will explore more alternatives. However, the attached concept plans appear to be feasible and
respond to several factors influencing the design. These will serve as the basis for preparing cost
estimates and help inform how the project compares to the 2006 budget numbers. Staff and KKE
Architects are now sharing the early concepts with City Council (and with the neighborhoods on
June 24) in order to spark conversation and draw out concerns and questions to address as the
designs progress.
NEXT STEPS:
• A neighborhood meeting will be held on Thursday, June 24 to review the concept plans for
Northside Park, Fire Station No. 2, and Fire Station No. 1 at the Rec Center Banquet Room.
The meeting announcement is attached for your review.
• Staff will take the comments received from City Council and neighborhoods and incorporate
them into the station planning process.
• Another future City Council study session is planned for August.
o Staff will have more information, clearer alternatives, and recommendations to present to
City Council.
Special Study Session Meeting of June 21, 2010 Page 3
Subject: Fire Stations Project Update
o No cost estimates have been prepared, yet. The first cost estimates will be prepared and
presented to City Council at this future study session.
FINANCIAL OR BUDGET CONSIDERATION:
Not applicable at this time
VISION CONSIDERATION:
Engaging the community in the design process, minimizing negative impacts of the stations on
surrounding residents, designing energy efficient buildings that meet or exceed the City’s green
building policy, and building an aesthetically pleasing building relate to all four Vision St. Louis
Park Strategic directions.
Attachments: Space Needs Summary (as of 2010-06-15)
Preliminary Site Analysis, Goals, and Site Planning Summary
Neighborhood Meeting Notice
Prepared by: Sean Walther, Senior Planner
Reviewed by: Luke Stemmer, Fire Chief
Cindy Walsh, Parks and Recreation Director
Kevin Locke, Community Development Director
Approved by: Tom Harmening, City Manager
Two New Fire StationsSt. Louis Park, MNMajor changesStation No. One - South SideFire Administration 4,957 GSF 3,818 GSFStation Administration1,659 GSF 1,918 GSFApparatus Area 12,426 GSF 14,529 GSF Includes 1 future bayStaff Support 6,755 GSF 6,600 GSFBuilding Support1,426 GSF 3,734 GSF Increased Mechanical SpaceSub Total27,222 GSF30,598 GSFStation No. Two - North SideFire Administration0 GSF0 GSFStation Administration1,731 GSF1,763 GSFApparatus Area7,877 GSF9,881 GSF Includes 1 future bayStaff Support4,010 GSF3,645 GSFBuilding Support1,117 GSF1,728 GSF Increased Mechanical SpaceSub Total14,735 GSF17016 GSFGrand Total41,956 GSF47,614 GSFAdditional Requested SpacesCity Storage2,000 NSFVoter Storage and Training1,000 NSFSub Total3,000 NSFBKV 2006 Space Needs Report10 Year ProjectionsKKE 2010 Space Needs Review20 Year ProjectionsSPACE NEEDS SUMMARYSpecial Study Session Meeting of June 21, 2010 (Item No. 1) Subject: Fire Station Project UpdatePage 4
ST. LOUIS PARK |MISSION & COMMITMENTSSt. Louis Park is committed to being a connected and engaged community. St. Louis Park is committed to being a leader in environmental stewardship. St. Louis Park is committed to providing a well-maintained and diverse housing stock.St. Louis Park is committed to promoting and integrating arts, culture and community aesthetics in all City initiatives.Special Study Session Meeting of June 21, 2010 (Item No. 1) Subject: Fire Station Project UpdatePage 5
BROAD STATION DESIGN GOALS Basic Fire Departmental Goals Solve space needs Resolve structural integrity concerns Resolve gender equity issues Provide accessibility at new stations Common Design Goals for Both Stations Eliminate sloped drives Eliminate backing conditions on public roadways Efficient solutions that improve operations & reduce cost Maximize opportunities for Fire Department, neighborhoods & parks o Avoid undue fire truck traffic in neighboring residential neighborhoods o Maximize green space o Design attractive buildings that fit the site and neighbrhood Special Study Session Meeting of June 21, 2010 (Item No. 1) Subject: Fire Station Project UpdatePage 6
Special Study Session Meeting of June 21, 2010 (Item No. 1)
Subject: Fire Station Project Update Page 7
STATION 1: SITE CHALLENGES & ISSUES Wooddale Ave. is a major traffic artery. Long-range plans to potentially extend Wooddale Ave. to an overpass at Hwy 100. Oxford St. is one way (eastbound). Site access from the south and west requires passing through residential neighborhoods. Significant grade changes across the site o Goodrich Ave. is 10 feet above Wooddale Ave. Site is irregularly shaped and narrows in the middle Fire truck turning radii present challenges for access and maneuvering. Drive-through bays preferred. Stormwater solutions (likely to require underground system) Major neighborhood concerns include: o Buffer the station from the neighborhood – noise, lights, parking, etc. o Address training noise & smoke o Design sustainable site & building o Design a station that “fits in” with the neighborhood Special Study Session Meeting of June 21, 2010 (Item No. 1) Subject: Fire Station Project UpdatePage 8
STATION 1 | CURRENT DESIGN DIRECTION Most fire response & return on Wooddale Ave. cul-de-sac to minimize traffic impacts on neighborhoodGarage bays set as far west as possible so trucks can maneuver on-site now & in the future.Three drive-through bays for largest & frequently used trucks. “Level” building approach and equipment aprons. Allows access to public and staff parking off of Wooddale Ave. More, but shorter, apparatus bays for less stacking of trucks. Limited use of Oxford St. No fire vehicle use of Goodrich Ave. Larger building elements are set into hill to reduce perceived height. Administration portions of the facility are visible from Wooddale Ave. Existing trees at South property line maintained as buffer. Public parking is adjacent to park for shared use. Building layout helps shelter neighborhood from training activities. Special Study Session Meeting of June 21, 2010 (Item No. 1) Subject: Fire Station Project UpdatePage 9
Special Study Session Meeting of June 21, 2010 (Item No. 1) Subject: Fire Station Project UpdatePage 10
STATION 2: SITE CHALLENGES & ISSUES Louisiana Ave. is a major traffic artery. o Traffic backs up from Cedar Lake Rd. & blocks current driveway. Station design should blend with park improvements. Design of park improvements is ongoing. Stormwater solutions (like to require underground system) High water table Significant grade change between Louisiana Ave. and the park. Making the station level with Louisiana Ave. creates grade issues between the station and neighboring park and Walgreens properties. Drive-through / dual-access bays preferred. Neighborhood concerns include: o Building impact on views o Design a flexible facility for changing & future needs o Provide a community meeting space o Provide new polling/voting location (to replace Eliot School)Special Study Session Meeting of June 21, 2010 (Item No. 1) Subject: Fire Station Project UpdatePage 11
STATION 2 | CURRENT DESIGN DIRECTION Dual access to bays. Minimal sloping of drives, aprons and approaches. Single-storyo No stairs or elevator o Reduced height reduces impact on view Minimizes use of retaining walls compared to other options considered. Fits within current park concept plan. Access to Louisiana Ave. is as far north of Cedar Lake Road intersection as possible “Front door” presence on Louisiana Ave. Flexible enough to work with or without changes to current shared ingress/egress and parking easements with Walgreens Special Study Session Meeting of June 21, 2010 (Item No. 1) Subject: Fire Station Project UpdatePage 12
Special Study Session Meeting of June 21, 2010 (Item No. 1) Subject: Fire Station Project UpdatePage 13
STATION 2 | 06.2010 | NORTHSIDE PARK CONCEPT PLAN Provides 3 quality little league baseball fields Provides more off-street parking than today Locates parking lot in a visible location, near current parking demandConcession stand is central & remains in placeHockey rink eliminated for new fire station Tennis courts must stay in place (funding restriction) Shared stormwater management opportunity with the fire station Special Study Session Meeting of June 21, 2010 (Item No. 1) Subject: Fire Station Project UpdatePage 14
PUBLIC MEETING INVITATION FFFIIIRRREEE SSSTTTAAATTTIIIOOONNNSSS RRREEEPPPLLLAAACCCEEEMMMEEENNNTTT PPPRRROOOJJJEEECCCTTT & NNNOOORRRTTTHHHSSSIIIDDDEEE PPPAAARRRKKK IIIMMMPPPRRROOOVVVEEEMMMEEENNNTTTSSS PLANNING Date: Thursday, June 24, 2010 Location: The Rec Center Banquet Room 3700 Monterey Drive Agenda: 6:00 p.m. - 7:15 p.m. Review Northside Park & Station #2 (2262 Louisiana Ave) 7:15 p.m. - 8:15 p.m. Review Station #1 (3752 Wooddale Ave) The City of St. Louis Park invites your input on initial site plans for two fire stations and Northside Park. The concept plans provide a general idea of the size and placement of the buildings, as well as traffic access and circulation for the sites. Please contact project coordinator Sean Walther at (952) 924-2574 or swalther@stlouispark.org if you have any questions.Special Study Session Meeting of June 21, 2010 (Item No. 1) Subject: Fire Station Project UpdatePage 15
Meeting Date: June 21, 2010
Agenda Item #: 2
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Highway 7 / Louisiana Avenue Interchange Project Update.
RECOMMENDED ACTION:
The purpose of this report is to update the Council on the planning and project development
activities related to this project – Project No. 2012-0100. In particular, the report provides
information on Phase 3 activities (Preliminary Design and Environmental Assessment) completed to
date and on the Project Management Team’s (PMT) recommendation for a preferred concept.
POLICY CONSIDERATION:
None at this time. The PMT has evaluated both options and recommends pursuing Option 4 as the
preferred option.
BACKGROUND:
History
The City’s Capital Improvement Program (C.I.P.) indentifies the Hwy 7/Louisiana Avenue
intersection as a priority improvement project. The proposed project will provide for the
construction of a grade-separated interchange at Louisiana Avenue and Hwy 7. The project also
includes pedestrian and bicycle friendly improvements along with re-configuration of the frontage
roads in order to improve access, safety, and traffic flow for both the Hwy 7 corridor and Louisiana
Avenue. This proposed improvement is essential in meeting long term transportation and safety
needs of both Mn/DOT and the City.
Concept Designs
The Project Management Team (PMT) has evaluated 10 concept designs, 7 grade separated
interchange designs and 3 at-grade intersection designs. At the conclusion of Phase 2 earlier this
year, two concept designs (see attachments) remained as finalists for a preferred concept; Option 4,
Button hook ramps with roundabouts and Option 6, the tight diamond design. Staff recommended
that both concepts be carried into Phase 3 of the project development to further study both options
to help quantify the right-of-way impacts and development opportunities that differ between the
two options. The additional analysis would help finalize the decision on a preferred concept.
RECENT ACTIVITIES:
Phase 3
City Council approved a contract amendment with SEH, Inc. for the Phase 3 work on March 15,
2010. SEH began a detailed drainage study in early April to determine storm water needs for both
concept options. SEH presented results of their study to the PMT at their May meeting showing
that storm water needs for both options can be accommodated within the northeast and southeast
Special Study Session Meeting of June 21, 2010 (Item No. 2) Page 2
Subject: Project Update – Hwy 7 Louisiana Ave Interchange Project – 2012-0100
quadrants of the new interchange designs. The storm water needs include storage for rainwater
runoff to provide for rate control (ponding area to control runoff and then release at a controlled
rate to reduce flooding potential downstream) and water quality treatment (pollution reduction).
The findings of the study are significant because the property in the southwest quadrant of the
interchange is not needed for storm water storage and can now be considered for development
opportunities.
Concurrent with the drainage study, Community Development, with assistance from SEH planners,
began a right-of-way impact and land use analysis for each interchange option to make a comparison
of development potential between the two. The land use analysis looked at remnant parcels available
for development after considering right-of-way needs for the new interchange designs. Results from
the analysis indicate the total development potential of Option 4 (Button Hook Ramp design) to be
slightly greater than Option 6 (Tight Diamond design). Thus Option 4 appears to be more
favorable from a redevelopment perspective than Option 6.
Preferred Concept
Based on results of the drainage study and the land use analysis, the members of the PMT and
Community Development staff recommend Option 4, Button Hook Ramp with Roundabouts, as
the preferred concept for the new interchange design. Should City Council agree with the PMT
findings and recommendations, SEH will then focus efforts only on Option 4 and begin the detailed
analysis of the environmental assessment process, geometric layout development, right-of-way needs,
traffic modeling and intersection control evaluation.
As part of the land use analysis, refinements/alternatives were developed for Option 4 by adjusting
the locations of the ramps and roundabouts in the northeast and southwest quadrants of the
interchange. These adjustments were made to maximize the size of the remnant parcels and to lessen
impacts on occupied parcels. A refined drawing of the preferred option is attached. Please note
there are differences in the refined drawing of Option 4 over the original concept drawing. In the
northeast quadrant, access from Republic Avenue to Walker Street is eliminated in the refined
concept. In the southwest quadrant, access to the South Oak Neighborhood is more direct and the
south Hwy 7 frontage road access has also changed.
Next Steps
Staff has scheduled a Study Session discussion with Council on June 28, 2010 to review the
preferred concept. Public meetings will be conducted in July to solicit feed back on the
recommended layouts for the northeast and southwest quadrants of Option 4. The meetings will
focus on engaging area property owners, business owners and residents in the northeast quadrant of
the proposed interchange and the South Oak Hill Neighborhood located adjacent to the southwest
quadrant. The reason for focusing on these stake holders is to listen to questions or concerns about
the preferred concept with regards to the refinements of the ramp and roundabout locations and
access changes in these two areas.
Once input has been obtained form the northeast and southwest area stakeholders, a public meeting
will be held to update all stakeholders and interested persons about the refined preferred concept –
Option 4. This meeting could be held in August or September.
Special Study Session Meeting of June 21, 2010 (Item No. 2) Page 3
Subject: Project Update – Hwy 7 Louisiana Ave Interchange Project – 2012-0100
FINANCIAL OR BUDGET CONSIDERATION:
The estimated total project costs for Option 4 at this time are as follows:
Total Project Cost (construction, ROW, agreements, design, etc.)
Construction $16,500,000
Engineering $ 3,300,000
Right of Way $ 3,000,000
TOTAL PROJECT COSTS $21,800,000
Funding Sources and Opportunities
$7,630,000 in federal funds have been secured through the Met Council’s State Transportation
Program Urban Grant solicitation. Staff is continuing efforts to pursue funding through other
grants, solicitations and agreements. Staff is preparing an application for TIGER II grant monies in
the amount of $14,000,000. The 2010 Federal appropriations bill has authorized $600 million for
National Infrastructure Investments grants called TIGER II. Staff is also preparing an application
for Mn/DOT Municipal Agreement funds in the amount of $594,000.
Current funding for Phase 1, 2 and 3 is coming from HRA levy proceeds which have been
designated to pay for infrastructure improvements in redeveloping areas.
VISION CONSIDERATION:
The following Strategic Direction and focus area has been identified by Council.
St. Louis Park is committed to being a connected and engaged community.
Focus will be on:
• Promoting regional transportation issues and related dedicated funding sources
affecting St. Louis Park including but not limited to Hwy. 100 and SWLRT.
Attachments: Concept drawings (Option 4 – Button Hook Ramp design, Option 6 –
Tight Diamond design)
Preferred Concept drawing (Option 4 – refined Button Hook Ramp design)
Prepared by: Jim Olson, Engineering Project Manager
Reviewed by: Scott Brink, City Engineer
Mike Rardin, Public Works Director
Approved by: Tom Harmening, City Manager
Special Study Session Meeting of June 21, 2010 (Item No. 2) Subject: Project Update - Highway 7 Louisiana Ave Interchange Project Page 4
Special Study Session Meeting of June 21, 2010 (Item No. 2) Subject: Project Update - Highway 7 Louisiana Ave Interchange Project Page 5
WB TH 7
EB TH 7 LOUI
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ANA AVE.
WALKER ST.
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T.H. 7 / LOUISIANA AVE.
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feetscale
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Alt 3
Option 4 - Button Hook Ramps with Roundabouts
2.5 acres
1.1 acres
Special Study Session Meeting of June 21, 2010 (Item No. 2)
Subject: Project Update - Highway 7 Louisiana Ave Interchange Project Page 6
Meeting Date: June 21, 2010
Agenda Item #: 3
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Project Report - W. 36th Street Streetscape Bridge Enhancement - Project 2010-2600.
RECOMMENDED ACTION:
None at this time. This report is intended to update the Council on a proposed bridge enhancement
project on W 36th St. Staff intends to request Council approval and establishment of this project on
July 6, 2010. Please inform staff of any questions or concerns you might have with this proposed
project or schedule.
POLICY CONSIDERATION:
Does the City Council wish to use grant dollars as the primary source of funding to undertake
improvements to the West 36th St Bridge? If not, please inform staff to discontinue work on this
effort and bring the matter to a study session for further discussion
BACKGROUND:
History:
On August 17, 2009, the City Council awarded a contract to Thomas and Sons to provide for
construction of the 36th Streetscape Improvements, located between Wooddale Avenue and Highway
100. The improvements have subsequently been completed.
The streetscape improvements were planned, programmed, and constructed in close coordination
with the Hoigaard Village Development Project, along with anticipated future redevelopment along
the corridor. As part of the Hoigaard Village Project, the City of St. Louis Park was awarded a
Livable Communities Development Account Grant by the Metropolitan Council. The grant of
$1,500,000 was awarded to assist in paying for several aspects related to the redevelopment of W.
36th Street (Highway 100 to Wooddale Avenue), including a large storm water pond, sidewalk
improvements, and lighting.
Analysis:
The recently completed 36th Street enhancement project terminates at the bridge over Highway 100.
To the east and other side of the bridge, a separate Special Service District and streetscape begins and
extends further east to Belt Line Boulevard. As a result, in its current condition the 36th Street
Bridge itself can be viewed as an unfinished link in the entire 36th Street streetscape corridor between
Wooddale and Belt Line. More specifically, the existing infrastructure on the surface of the bridge
(older railings, concrete barriers, chain link fence and lighting, etc.) are in contrast to adjacent
improvements, both from an aesthetic standpoint, and in promoting a safer and friendlier
environment to pedestrian and bicycle use in the corridor.
Special Study Session Meeting of June 21, 2010 (Item 3) Page 2
Subject: Project Report - W. 36th Street Bridge Enhancements - Project 2010-2600
Upon completion of the 36th Street Streetscape improvements, it was determined that remaining
Livable Community Grant Monies are eligible to fund further enhancement work. As a result,
proposed enhancements for the bridge have been developed further. As proposed, the older and
aging bridge railings and chain link fence would be replaced with new railings similar to the railings
recently installed on the Excelsior Avenue Bridge. In addition, the existing protective concrete
parapet barrier would be resurfaced and improved. The existing concrete sidewalks are essentially in
good condition and would receive relatively minor work.
The proposed enhancements have also been reviewed with the Minnesota Department of
Transportation (the bridge owner). Mn/DOT is accepting of the proposed enhancements, pending
completion of final plans for their review and approval. Staff is therefore proposing to contract with
SRF Consulting Services to complete final plans and specifications for final approval and subsequent
bidding. SRF also provided the design and construction services for the recently completed 36th
Street Improvements.
Proposed Schedule:
Following is an anticipated schedule for completing the bridge enhancements:
June 21, 2010 City Council receives Project Report.
July 6, 2010 City Council Establishes Project, Approves Plans and
Specifications and Authorizes Advertisement for Bids
August 4, 2010 Open Bids
August 16, 2010 Award Contract
September 1, 2010 Commence Construction
October 15, 2010 Complete Construction
FINANCIAL OR BUDGET CONSIDERATION:
With completion of the 36th Streetscape enhancements to date, there are still Livable Communities
Grant monies remaining. All grant funds must be expended by the end of this year in accordance
with the terms of the agreement. As a result, staff has reviewed the proposed enhancements with
Met Council and received approval.
Estimated Costs
Construction Cost $177,000
Contingencies (10%) 17,700
Engineering & Administrative 26,250
Total $220,950
Funding Sources
Livable Communities Grant $ 194,700
Development Fund 26,250
Total $220,950
Special Study Session Meeting of June 21, 2010 (Item 3) Page 3
Subject: Project Report - W. 36th Street Bridge Enhancements - Project 2010-2600
VISION CONSIDERATION:
The proposed project will help address the Strategic Direction of being a connected and engaged
community.
Attachments: Proposed Enhancement Drawing (Railing)
Prepared By: Scott Brink, City Engineer
Reviewed By: Michael P. Rardin, Director of Public Works
Kevin Locke, Director of Community Development
Meg McMonigal, Planning/Zoning Supervisor
Brian Swanson, Controller
Approved By: Tom Harmening, City Manager
Special Study Session Meeting of June 21, 2010 (Item 3) Page 4
Subject: Project Report - W. 36th Street Bridge Enhancements - Project 2010-2600
Meeting Date: June 21, 2010
Agenda Item #: 2a
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other: Proclamation
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Recognition of Catherine Tarsney.
RECOMMENDED ACTION:
The Mayor is asked to read the attached Proclamation honoring exemplary St. Louis Park High
School graduate Catherine Tarsney, winner of the national Tournament of Champions’ 2010
Lincoln-Douglas Debate.
POLICY CONSIDERATION:
Not Applicable.
BACKGROUND:
St. Louis Park resident and recent St. Louis Park High School graduate Catherine Tarsney competed
in thirteen debate tournaments throughout the United States over the past year. Her
accomplishments at those qualifying tournaments met the requirements to allow her to compete
May 1 - 3 at the 2010 Tournament of Champions, a national high school debate event sponsored by
the University of Kentucky. The competition is considered to be America’s premier debate event for
high school students.
After 11 rounds at the Tournament of Champions, Catherine was declared winner by a rare,
unanimous decision of the nine judges.
Catherine was recognized for her accomplishment at the May 24 School Board meeting as the
United States of American debate champion. She graduated from St. Louis Park High School June
3rd, and will attend the University of Chicago in the fall to study linguistics and political science.
FINANCIAL OR BUDGET CONSIDERATION:
None.
VISION CONSIDERATION:
Recognizing national student accomplishments is consistent with the Strategic Direction of being a
Connected and Engaged Community.
Attachments: Proclamation
Prepared by: Nancy Stroth, City Clerk
Approved by: Tom Harmening, City Manager
City Council Meeting of June 21, 2010 (Item No. 2a) Page 2
Subject: Recognition of Board and Commission Members
PROCLAMATION
Honoring Catherine Tarsney
WHEREAS, Catherine Tarsney is a 2010 graduate of St. Louis Park High School
and has established herself as one of the top debaters in the nation, both as a speaker and
in presenting and defending her arguments; and
WHEREAS, Catherine competed in thirteen debate tournaments throughout the
United States to qualify for the 2010 Tournament of Champions at the University of
Kentucky; and
WHEREAS, Catherine competed among eighty debaters in eleven rounds and
won the highest award of the Lincoln-Douglas debate division of the National
Tournament of Champions by unanimous decision of the judges, a feat that has rarely
occurred in the 32-year history of the tournament; and
WHEREAS, on May 24, 2010 Catherine was honored by the School Board of
Independent School District 283 for her achievements; and
WHEREAS, Catherine was named a semifinalist in the 2010 National Merit
Scholarship program, being among the top half of one percent of high school seniors in
the country.
NOW THEREFORE, let it be known that the Mayor and City Council of the
City of St. Louis Park do hereby congratulate Catherine Tarsney on her achievement,
and wish her every success as she begins her college career.
WHEREFORE, I set my hand and cause the
Great Seal of the City of St. Louis Park to be
affixed this 21st day of June, 2010.
______________________________________
Jeff Jacobs, Mayor
Meeting Date: June 21, 2010
Agenda Item #: 2b
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Tom Gasman Retirement Recognition
RECOMMENDED ACTION:
Read Resolution and present plaque to Public Service Worker Tom Gasman to recognize his 27
years of service to the City of St. Louis Park.
POLICY CONSIDERATION:
None.
BACKGROUND:
City policy states that employees who retire or resign in good standing with over 20 years of service
will be presented with a resolution from the Mayor, City Manager and City Council.
Tom will be in attendance for the presentation at the beginning of the meeting. The Mayor is asked
to read the resolution and present Tom with a plaque in recognition of his years of service to the
City.
FINANCIAL OR BUDGET CONSIDERATION:
None.
VISION CONSIDERATION:
None.
Attachments: Resolution
Prepared by: Ali Fosse, HR Coordinator
Reviewed by: Nancy Deno Gohman, Deputy City Manager/HR Director
Approved by: Tom Harmening, City Manager
City Council Meeting of June 21, 2010 (Item No. 2b) Page 2
Subject: Tom Gasman Retirement Recognition Resolution
RESOLUTION NO. 10-___
RESOLUTION OF THE
CITY COUNCIL OF ST. LOUIS PARK, MINNESOTA,
RECOGNIZING THE CONTRIBUTIONS OF AND EXPRESSING APPRECIATION
TO TOM GASMAN
WHEREAS, Tom Gasman began his employment with the City of St. Louis Park over 27 years
ago on September 20, 1982; and
WHEREAS, Tom was born and raised in St. Louis Park and took pride in serving the residents
of his hometown; and
WHEREAS, Tom’s great sense of humor has provided much enjoyment to his fellow
employees, he had the ability to make a very difficult job fun for those working with him; and
WHEREAS, Tom took pride in his military service as a Jarhead/Marine, and says that “once a
Marine always a Marine”; and
WHEREAS, Tom took great satisfaction in training new staff on meter installation; and
WHEREAS, Tom will always be remembered as the guy who walked into a serious utility
business meeting on his hands; and
WHEREAS, Tom worked on repairing over 800 watermain breaks during his time with the
Utilities Division, many required working long days, weekends and holidays; and
WHEREAS, Tom’s efforts in maintaining the water, sewer and storm sewer utilities provided
great service to the people of St. Louis Park;
NOW THEREFORE BE IT RESOLVED that the City Council of the City of St. Louis Park,
Minnesota, by this Resolution and public record, would like to thank Public Service Worker Tom
Gasman for his great contributions and over 27 years of dedicated service to the City of St. Louis
Park and wish him the best in his retirement.
Reviewed for Administration: Adopted by the City Council June 21, 2010
City Manager Mayor
Attest:
City Clerk
Meeting Date: June 21, 2010
Agenda Item #: 2c
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Friends of the Arts Presentation of Our Town: Verses and Voices Program.
RECOMMENDED ACTION:
No action required. A presentation will be made on the Verses and Voices initative and Diane
Pecoraro, Community Poet, will read one of her poems and Ryan McCanna, a 14 year old that is
very involved in the program, will read one of her original works.
POLICY CONSIDERATION:
None at this time.
BACKGROUND:
St. Louis Park Friends of the Arts (FotA) is a nonprofit community organization dedicated to
supporting, promoting, and enhancing the arts in St. Louis Park. FotA connects people and
organizations around the arts, shares arts-related information and resources, and coordinates
community arts programs.
FotA was established in 1994 when parents concerned about cuts in funding for music education in
St. Louis Park public schools joined together to make their voices heard. Soon other parents and
community members interested in developing all the arts in St. Louis Park—music, visual and
performing arts—joined their efforts, and Friends of the Arts was born.
Since 1995, FotA has sponsored arts festivals, community theater productions, school music events,
community art shows, family art activities, and teen workshops. Many of these programs and
activities are funded by private donations, membership fees and grant dollars.
This past year, Friends of the Arts (FotA) has been running a community arts program called Our
Town: Voices & Verses. This program grew out of the first Our Town: Faces & Places which
featured photography. Verses & Voices focused on poetry and had the following three goals:
1. To celebrate the power of poetry in all its forms (written and spoken);
2. To provide local poets with a place to showcase their work; and
3. To highlight the essential nature of poetry to bind us together as a community.
Our Town Verses & Voices consists of the following components:
St. Louis Park Community Poet:
City Council Meeting of June 21, 2010 (Item 2c) Page 2
Subject: Friends of the Arts
Diane Pecoraro was chosen to serve as the town’s first Community Poet. In this role, she
helped to choose the Favorite Poems for the city/school calendar, assembled the Renga and
hosted the Poetry Jam.
Favorite Poem Project:
This spring, community members were asked to submit a favorite poem and a written
description of why it was so meaningful. Twelve of the 49 submissions received will be
included in the calendar. Poems selected needed to reflect the interests of the entire
community. The poems not selected will be showcased on the St. Louis Park FotA website
later this fall.
Poetry workshops:
Ten free one-hour poetry workshops were offered to residents to generate lines for the Renga
(a collaborative poem based on a Japanese form). They were taught by poets and took place
in the following community partner locations: Cedar Manor, Sabes JCC, St. Louis Park
Library, Westwood Hills Nature Center, West End, Central Community Center, Sholom,
Bean Good Coffee Shop, and the Meadowbrook Collaborative.
Community Jam held in April at Bean Good Coffee shop (formerly Harvest Moon) featured 17
community members and/or poets who came together to share their poems with others in a
public forum celebrating National Poetry Month.
Renga & youth performance:
Approximately 100 lines of poetry that were generated in the poetry workshop were then
assembled by Diane Pecoraro into a community poem (Renga). Finally, this poem was
transformed from the page to the stage and performed as a spoken word piece at the
Children First Ice Cream Social in May.
Our Town Verses & Voices was funded by the support of the Minnesota Regional Arts Council
through an appropriation from the Minnesota State Legislature, and the St. Louis Park Community
Foundation and the Park Nicollet Foundation.
FINANCIAL OR BUDGET CONSIDERATION:
The City of St. Louis Park does provide funding on an annual basis to Friends of the Arts.
VISION CONSIDERATION:
This initiative is consistent with the Strategic Direction - St. Louis Park is committed to promoting
and integrating arts, culture, and community aesthetics in all city initiatives, including
implementation where appropriate.
Attachments: None.
Prepared by: Cindy Walsh, Director of Parks and Recreation
Approved by: Tom Harmening, City Manager
Meeting Date: June 21, 2010
Agenda Item #: 2d
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Presentation of 2009 Financial Statements – Auditors Presentation.
RECOMMENDED ACTION:
No action required. City Council is asked to provide any comments or questions it might have
regarding the Management Letter and Comprehensive Annual Financial Report (CAFR) for the year
ended December 31, 2009.
POLICY CONSIDERATION:
Is the City Council comfortable with the information contained in both the Management Letter and
the CAFR to allow for effective decision making?
Would the Council desire to have a follow-up discussion on the Audit?
BACKGROUND:
For the presentation, Brad Falteysek – Audit Partner from Abdo Eick & Meyers, LLP, will discuss
the Management Letter and key financial points with the City Council.
The City of St. Louis Park is required to have an independent audit performed annually. The
auditors work for the City Council, not the City management team. By state statute, the auditors
are required to present their results within thirty days after completion of the audit.
The City received a clean audit opinion, or “unqualified opinion”, with no audit findings, which
means that Abdo Eick & Meyers, LLP believe the financial statements, as presented by city staff,
fairly represents the City’s financial condition as of December 31, 2009.
Staff will then submit the CAFR to the Office of the State Auditor as required and also submit it to
the Government Finance Officers Association (GFOA) to be considered for the Achievement for
Excellence in Financial Reporting certificate program for which the City of St. Louis Park has been
recognized for 26 consecutive years.
FINANCIAL OR BUDGET CONSIDERATION:
This report shows the City of St. Louis Park remains in strong financial condition.
VISION CONSIDERATION:
There is no direct relationship to Vision. However, by the City being in a sound financial condition
it does allow the City to better address Vision SLP and the Strategic Directions.
Meeting of June 21, 2010 (Item No. 2d) Page 2
Subject: 2009 Financial Statements – Auditors Presentation
Attachments: Management Letter – For the Year Ended December 31, 2009
Federal Awards Programs – For the Year Ended December 31, 2009
Comprehensive Annual Financial Report–For the Year Ended December 31, 2009
Prepared by: Brian A. Swanson, Controller
Approved by: Tom Harmening, City Manager
CITY OF ST. LOUIS PARK
ST. LOUIS PARK, MINNESOTA
MANAGEMENT LETTER
YEAR ENDED
DECEMBER 31, 2009
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 3
June 10, 2010
Management, Honorable Mayor, and Council
City of St. Louis Park, Minnesota
We have audited the financial statements of the governmental activities, the business-type activities, each major fund and the
aggregate remaining fund information of the City of St. Louis Park, Minnesota (the City) for the year ended December 31, 2009
and have issued our report thereon dated June 10, 2010. Professional standards require that we provide you with the following
information about our responsibilities under generally accepted auditing standards, Government Auditing Standards and OMB
Circular A-133, as well as certain information related to the planned scope and timing of our audit. We have communicated such
information in our letter to you dated January 1, 2010. Professional standards also require that we communicate to you the
following information related to our audit.
Our Responsibility under Auditing Standards Generally Accepted in the United States of America and Government
Auditing Standards and OMB Circular A-133.
As stated in our engagement letter, our responsibility, as described by professional standards, is to express opinions about whether
the financial statements, prepared by management with your oversight are fairly presented, in all material respects, in conformity
with accounting principles generally accepted in the United States of America. Our audit of the financial statements does not
relieve you or management of your responsibilities.
Our responsibility is to plan and perform the audit to obtain reasonable, but not absolute, assurance that the financial statements
are free of material misstatement. As part of our audit, we considered the internal control of the City. Such considerations were
solely for the purpose of determining our audit procedures and not to provide any assurance concerning such internal control. We
are responsible for communicating significant matters related to the audit that are, in our professional judgment, relevant to your
responsibilities in overseeing the financial reporting process. However, we are not required to design procedures specifically to
identify such matters.
Significant Audit Findings
In planning and performing our audit, we considered the City’s internal control over financial reporting as a basis for designing
our auditing procedures for the purpose of expressing our opinion on the financial statements, but not for the purpose of
expressing an opinion on the effectiveness of the City’s internal control over financial reporting. Accordingly, we do not express
an opinion on the effectiveness of the City’s internal control over financial reporting. We also considered internal control over
compliance with requirements that could have a direct and material effect on a major federal program in order to determine our
auditing procedures for the purpose of expressing our opinion on compliance and to test and report on internal control over
compliance in accordance with OMB Circular A-133.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the
normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material
weakness is a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility that a
material misstatement of the City’s financial statements will not be prevented, or detected and corrected on a timely basis.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 4
Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this
section and was not designed to identify all deficiencies in internal control over financial reporting that might be deficiencies,
significant deficiencies or material weaknesses. We did not identify any deficiencies in internal control over financial reporting
that we consider to be material weaknesses, as defined above.
Summary of Prior Year Findings
2008-1 Reconciliation of Deposits
Condition: During our audit, we reviewed procedures over the billing and collection of receipts
at the Recreation Center. We noted no clear reconciliation of the receipts posted to
the point of sale system to the actual deposit prior to taking to the bank.
Criteria: Procedures should include formal reconciliation prior to making the bank deposit to
ensure all amounts are posted correctly.
Current Year Status: The City has taken the proper actions to correct this finding.
Compliance
As part of obtaining reasonable assurance about whether the City’s financial statements are free of material misstatement, we
performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters,
noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However,
providing an opinion on compliance with those provisions was not an objective of our audit. Also, in accordance with OMB
Circular A-133, we examined, on a test basis, evidence about the City’s compliance with the types of compliance requirements
described in the “U.S. Office of Management and Budget (OMB) Circular A-133 Compliance Supplement” applicable to each of
its major federal programs for the purpose of expressing an opinion on the City’s compliance with those requirements. While our
audit provides a reasonable basis for our opinion, it does not provide a legal determination on the City’s compliance with those
requirements. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported in
accordance with OMB Circular A-133, Government Auditing Standards, or Minnesota statutes.
Planned Scope and Timing of the Audit
We performed the audit according to the planned scope and timing previously communicated to you.
Qualitative Aspects of Accounting Practices
Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used
by the City are described in Note 1 to the financial statements. We noted no transaction entered into by the governmental unit
during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized
in the financial statements in the proper period.
Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s
knowledge and experience about past and current events and assumption about future events. Certain accounting estimates are
particularly sensitive because of their significance to the financial statements and because of the possibility that future events
affecting them may differ significantly from those expected.
Management’s estimate of capital asset basis is based on estimated useful lives of the assets. The estimate of historical cost is
based on engineers’ estimates and deflated current value. Additional sensitive estimates include other postemployment benefits
and allocation of expenses. We evaluated key factors and assumptions used to develop these accounting estimates in determining
that it is reasonable in relation to the financial statements taken as a whole.
The disclosures in the financial statements are neutral, consistent, and clear. Certain financial statement disclosures are particularly
sensitive because of their significance to financial statement users.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 5
Difficulties Encountered in Performing the Audit
We encountered no significant difficulties in dealing with management in performing and completing our audit.
Corrected Misstatements
Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those
that are trivial, and communicate them to the appropriate level of management. Management has corrected all such misstatements.
We proposed one entry that we consider an audit entry or correction of management decisions. The entry was made to correct
bond payments recorded to incorrect funds.
We also assisted in preparing a number of year end accounting entries. These were necessary to adjust the City’s records at year
end to correct ending balances. The City should establish more detailed processes and procedures to reduce the total number of
entries made during the audit. The City will receive better and timelier information if the preparation of year end entries is
completed internally.
Disagreements with Management
For purposes of this letter, professional standards define a disagreement with management as a financial accounting, reporting, or
auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditor’s
report. We are pleased to report that no such disagreements arose during the course of our audit.
Management Representations
We have requested certain representations from management that are included in the management representation letter dated
June 10, 2010.
Management Consultations with Other Independent Accountants
In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to
obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to the
governmental unit’s financial statements or a determination of the type of auditor’s opinion that may be expressed on those
statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all
the relevant facts. To our knowledge, there were no such consultations with other accountants.
Other Audit Findings or Issues
We generally discuss a variety of matters, including the application of accounting principles and auditing standards, with
management each year prior to retention as the governmental unit’s auditors. However, these discussions occurred in the normal
course of our professional relationship and our responses were not a condition to our retention.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 6
Other Matters
The following are areas that came to our attention during the audit that we feel should be reviewed:
Financial Position and Results of Operations
Our principal observations and recommendations are summarized on the following pages. These recommendations resulted
from our observations made in connection with our audit of the City’s financial statements for the year ended
December 31, 2009.
General Fund
The General fund is used to account for resources traditionally associated with government, which are not required legally or
by sound financial management to be accounted for in another fund.
The General fund balance increased $118,382 from 2008. The unreserved fund balance is $11,272,776, which is 49.1 percent
of the 2010 budgeted expenditures. We recommend the fund balance be maintained at a level sufficient to fund operations
until the major revenue sources are received in June. We feel a reserve of approximately 40 to 50 percent of planned
expenditures and transfers out is adequate to meet working capital and small emergency needs.
The Office of the State Auditor (the OSA) has issued a Statement of Position relating to fund balance stating “a local
government should identify fund balance separately between reserved and unreserved fund balance. The local government
may assign and report some or all of the fund balance as designated and undesignated.” We recommend local governments
adopt a formal policy on the level of unreserved fund balance that should be maintained in the general and special revenue
funds. This helps address citizen concerns as to the use of fund balance and tax levels.
Purposes and Benefits of an Adequate Fund Balance
• Expenditures are incurred somewhat evenly throughout the year. However, currently, property tax and state aid
revenues are not received until the second half of the year. An adequate fund balance will provide the cash flow
required to finance the General fund expenditures until these revenue sources are received.
• The City is vulnerable to legislative actions at the State and Federal level. The State imposed reductions of market
value credit aid and local government aid for some cities for 2009 and 2010. The Governor has recently presented
increased reductions of 2010 funding as well as reductions of 2011 funding. Levy limits have also been implemented
for municipalities in past legislative sessions. An adequate fund balance will provide a temporary buffer against
those aid adjustments and levy limits.
• Expenditures not anticipated at the time the annual budget was adopted may need immediate Council action. These
would include capital outlay replacement, lawsuits and other items. An adequate fund balance will provide the
financing needed for such expenditures.
• A strong fund balance will assist the City in obtaining, maintaining or improving its bond rating. The result will be
better interest rates in future bond sales.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 7
A table summarizing the General fund balance in relation to budget follows:
Unreserved Reserved
Fund Fund General
Balance Balance Budget Fund
Year December 31 December 31 Year Budget
2005 8,622,091$ 118,002$ 2006 21,697,931$ 39.7 %
2006 9,847,341 104,774 2007 21,866,416 45.0
2007 10,100,187 13,719 2008 22,907,928 44.1
2008 11,232,307 494,293 2009 23,693,279 47.4
2009 11,272,776 572,206 2010 22,969,172 49.1
To Budget
Fund Balance
Unreserved
Percent of
General Fund Unreserved Fund Balance as Compared to Budget
47.4% 49.1%
39.7%45.0%44.1%
$21,697,931 $21,866,416
$22,907,928 $23,693,279 $22,969,172
$-
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
$30,000,000
2004 2005 2006 2007 2008 2009
Unreserved Fund Balance Budget
We have compiled peer group average fund balance information from the Minnesota Office of the State Auditor for 2nd class
cities. In 2008, the average General fund balance as a percentage of expenditures for the peer group was 43.5 percent. Based
on comparison to the peer group, the City’s percentage is higher than the peer group.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 8
A summary of General fund revenue and expenditures compared to budget and the prior year follows:
Variance with
Final Budget -
Actual Positive
Original Final Amounts (Negative)
Revenues 21,098,389$ 20,781,389$ 21,310,955$ 529,566$
Expenditures 23,893,279 23,693,279 22,477,873 1,215,406
Excess (deficiency) of revenues
over (under) expenditures (2,794,890) (2,911,890) (1,166,918) 1,744,972
Other financing sources (uses)
Transfers in 2,628,910 2,678,910 2,685,300 6,390
Transfers out - - (1,400,000) (1,400,000)
Total other financing sources (uses)2,628,910 2,678,910 1,285,300 (1,393,610)
Net change in fund balances (165,980) (232,980) 118,382 351,362
Fund balances, January 1 11,726,600 11,726,600 11,726,600 -
Fund balances, December 31 11,560,620$ 11,493,620$ 11,844,982$ 351,362$
Budgeted Amounts
• In total, revenue sources provided a favorable variance when compared to budget. The sources of revenue that were
greater than budgeted expectations were property taxes, licenses and permits, and miscellaneous revenue, which had
positive variances of $509,517, $264,167, and $68,876, respectively.
• All functions of expenditures had favorable actual results when compared with budget. Public Safety was $521,484 under
budget.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 9
A comp arison of revenues and transfers in for the last three years follows:
2007 2008 2009 Per Capita
Taxes 12,332,531$ 13,235,208$ 15,162,792$ 63.2 %321$
Licenses and permits 2,940,449 4,066,478 2,779,167 11.6 59
Intergovernmental 2,283,250 1,903,238 1,570,309 6.5 33
Charges of services 1,044,320 1,131,625 1,034,854 4.3 22
Fines and forfeits 276,693 324,512 332,694 1.4 7
Special assessments 2,468 - - - -
Interest on investments 526,336 358,753 260,263 1.1 6
Miscellaneous 142,814 144,223 170,876 0.7 4
Transfers in 2,659,532 2,558,321 2,685,300 11.2 57
Total revenues and
and transfers 22,208,393$ 23,722,358$ 23,996,255$ 100.0 %509$
Source Total
Percent of
Revenues and Transfers
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
2007 2008 2009
Taxes Licenses and permits Intergovernmental Other
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 10
A comparison of expenditures and transfers out for the last three years follows:
Peer Group
2007 2008 2009 Per Capita Per Capita
General government 6,630,661$ 6,535,398$ 6,472,022$ 27.1 %137$ 90$
Public safety 10,797,256 11,643,136 11,904,138 49.9 252 223
Public works 3,826,855 3,928,477 4,094,051 17.1 87 89
General services 6,830 2,653 7,662 - - 2
Transfers out 785,000 - 1,400,000 5.9 30 n/a
Total expenditures
and transfers 22,046,602$ 22,109,664$ 23,877,873$ 100.0 %506$ 404$
Program Total
Percent of
The above chart compares the amount the City spends per capita, in comparison to a peer group. The peer group averages are
compiled from information from the Minnesota Office of the State Auditor for 2nd Class cities.
Expenditures and Transfers
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
2007 2008 2009
General government Public safety Public works
General services Transfers out
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 11
Special Revenue Funds
Special revenue funds are used to account for revenue derived from specific taxes or other earmarked revenue sources. They
are usually required by Minnesota statute or local ordinance to finance particular functions or activities of government. A
summary of fund balances follows:
Increase
2009 2008 (Decrease)
Major
Parks and Recreation 870,549$ 497,263$ 373,286$
Housing Rehabilitation 820,005 1,729,807 (909,802)
Nonmajor
Cable Television 1,353,006 1,632,217 (279,211)
Community Development (5,698) (6,568) 870
Special Service District #1 179,722 138,852 40,870
Special Service District #2 20,261 7,851 12,410
Special Service District #3 47,535 52,780 (5,245)
Special Service District #4 67,429 48,239 19,190
Special Service District #5 12,030 - 12,030
Special Service District #6 11,147 - 11,147
Police and Fire Pensions 5,240,732 5,446,950 (206,218)
Total 8,616,718$ 9,547,391$ (930,673)$
Fund
December 31,
Fund Balances (deficits)
The reduction in the Cable Television fund was a result of capital outlay that was not budgeted. The reduction in the Police
and Fire Pensions fund was a result of transferring $307,572 to the Fire Station Project fund and the General fund.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 12
Capital Projects Funds
The capital projects funds are used to account for the acquisition and construction of major capital facilities other than those
financed by enterprise funds. Included in this group of funds and the fund balance of each at December 31 for 2009 and 2008
is as follows:
Increase
2009 2008 (Decrease)
Major
Permanent Improvement Revolving 8,768,647$ 8,620,404$ 148,243$
Street Capital Projects (4,970,481) (3,343,441) (1,627,040)
Development EDA 24,579,348 26,248,575 (1,669,227)
Redevelopment District 6,398,168 9,992,626 (3,594,458)
Nonmajor
Municipal Building - 472,810 (472,810)
Fire Station Bonds (250) (627) 377
Park Improvement 1,987,774 2,246,952 (259,178)
Pavement Management 1,542,128 1,657,652 (115,524)
Total 38,305,334$ 45,894,951$ (7,589,617)$
December 31,
Fund Balances (deficits)
Fund
It appears that most of the capital project funds have sufficient fund balances for working capital except for the Street Capital
Projects fund. Management should determine future funding sources for this fund to decrease the deficit balance. The City
annually reviews capital projects and closes funds when associated projects have been completed. This is a good monitoring
process that ensures status is evaluated and should be continued.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 13
Debt Service Funds
Debt service funds are a type of governmental fund to account for the accumulation of resources for the payment of interest
and principal on debt (other than enterprise fund debt).
Debt service funds may have one or a combination of the following revenue sources pledged to retire debt as follows:
• Property taxes - Primarily for general City benefit projects such as parks and municipal buildings. Property taxes
may also be used to fund special assessment bonds which are not fully assessed.
• Tax increments - Pledged exclusively for tax increment/economic development districts.
• Capitalized interest portion of bond proceeds - After the sale of bonds, the project may not produce revenue (tax
increments or special assessments) for a period of one to two years. Bonds are issued with this timing difference
considered in the form of capitalized interest.
• Special assessments - Charges to benefited properties for various improvements.
In addition to the above pledged assets, other funding sources may be received by Debt Service funds as follows:
• Residual project proceeds from the related capital projects fund
• Investment earnings
• State or federal grants
• Transfers from other funds
A comparison of the assets of each fund and the remaining bonds outstanding at year end are as follows:
Final
Total Total Remaining Maturity
Fund Cash Assets Bonds Date
3890 G.O. Tax Increment Bond, 2008B 346,781$ 348,592$ 5,490,000$ 02/01/24
3870 G.O. Improvements Bond, 2005A 521,638 523,534 2,880,000 02/01/16
3850 G.O. Tax Increment Refunding Bond, 2004 7,706 7,706 1,415,000 02/01/18
3450 G.O. Improvements Bond, 2003 506,693 508,476 2,240,000 02/01/14
3835 G.O. Tax Increment Refunding Bond, 2009A 5,147 5,147 1,500,000 02/01/11
3600 G.O. Improvement Bond, 2000 - Reserve 325,000 325,000 - Matured
3610 G.O. Improvement Bond, 2000 185,726 4,055,726 3,870,000 02/01/30
3400 G.O. Improvement Bond, 1999 348,461 349,727 600,000 02/01/11
Total 2,247,152$ 6,123,908$ 17,995,000$
December 31, 2009
Debt Description
The City should review potential uses of remaining net assets in funds that have completed their purpose. TIF funds need to be
used for a purpose consistent with the TIF plan and remaining resources in G.O. Improvement bonds can be used for whatever
the council deems appropriate.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 14
Enterprise Funds
The activities of the Enterprise funds include the municipal water utility, sewer utility, refuse, storm water utility and wireless
operations.
Water Utility Fund
A comparison of the past three year’s Water Utility fund operations is as follows:
Total Total Total
Operating revenues 3,460,541$ 100.0 %3,584,384$ 100.0 %4,218,313$ 100.0 %
Operating expenses 3,228,875 93.3 3,283,197 91.6 3,847,236 91.2
Operating income 231,666 6.7 301,187 8.4 371,077 8.8
Nonoperating revenues
(expenses)46,841 1.4 (26,546) (0.7)(90,784) (2.2)
Transfers (538,882) (16.7) (533,656) (16.3) (4,568,147) (118.7)
Change in net assets (260,375)$ (8.6)%(259,015)$ (8.6)%(4,287,854)$ (112.1)%
Cash and temporary
investments 2,109,647$ 4,640,355$ 350$
Bonds payable 2,440,000$ 6,446,401$ 6,329,719$
2007 2008 2009
Percent PercentPercent
$(6,000,000)
$(4,000,000)
$(2,000,000)
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
2007 2008 2009
Operating revenues Operating expenses Nonoperating revenues (expenses)
Change in net assets Cash and temporary investments Bonds payable
The cash balance significantly decreased over the prior year due to construction costs. The City plans to bond in 2010 to
replenish the balance.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 15
Sewer Utility Fund
A comparison of the past three year’s Sewer Utility fund operations is as follows:
Total Total Total
Operating revenues 4,764,952$ 100.0 %4,482,087$ 100.0 %5,152,609$ 100.0 %
Operating expenses 4,199,659 88.1 4,485,386 100.1 4,228,680 82.1
Operating income (loss)565,293 11.9 (3,299) (0.1)923,929 17.9
Nonoperating revenues 221,981 4.7 101,604 2.3 47,327 0.9
Transfers (790,849) (18.8) (741,334) (16.5) (764,244) (18.1)
Change in net assets (3,575)$ (2.2)%(643,029)$ (14.3)%207,012$ 0.7 %
Cash and temporary
investments 2,581,105$ 2,083,067$ 1,851,591$
2007 2008 2009
Percent Percent Percent
$(1,000,000)
$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
2007 2008 2009
Operating revenues Operating expenses Nonoperating revenues
Change in net assets Cash and temporary investments
The current cash balance decreased when compared with the prior year due to loans to other funds. It is important to keep
an updated cash flow projection to ensure rates are sufficient to cover increasing costs.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 16
Solid Waste Fund
A comparison of the past three year’s Solid Waste fund operations is as follows:
Total Total Total
Operating revenues 2,395,469$ 100.0 %2,347,995$ 100.0 %2,458,383$ 100.0 %
Operating expenses 2,019,595 84.3 2,135,677 91.0 2,125,540 86.5
Operating income 375,874 15.7 212,318 9.0 332,843 13.5
Nonoperating revenues 215,984 9.0 181,046 7.7 152,299 6.2
Transfers (348,866) (17.3) (353,299) (16.5) (288,100) (13.6)
Change in net assets 242,992$ 7.4 %40,065$ 0.2 %197,042$ 6.1 %
Cash and temporary
investments 2,191,412$ 2,244,381$ 1,999,051$
2007 2008 2009
Percent Percent Percent
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
2007 2008 2009
Operating revenues Operating expenses Nonoperating revenues
Change in net assets Cash and temporary investments
The current cash balance decreased slightly when compared with the prior year due to an interfund loan to the water fund.
It is important to keep an updated cash flow projection to ensure rates are sufficient to cover increasing costs.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 17
Storm Water Utility Fund
A comparison of the past three year’s Storm Water Utility fund operations is as follows:
Total Total Total
Operating revenues 1,470,529$ 100.0 %1,529,180$ 100.0 %1,699,557$ 100.0 %
Operating expenses 942,746 64.1 1,017,093 66.5 1,143,767 67.3
Operating income 527,783 35.9 512,087 33.5 555,790 32.7
Nonoperating
revenues (expenses)49,032 3.3 732,635 47.9 (65,340) (3.8)
Transfers (317,694) (33.7) (328,438) (32.3) (368,491) (32.2)
Change in net assets 259,121$ 5.5 %916,284$ 49.1 %121,959$ (3.3)%
Cash and temporary
investments 924,907$ 529,059$ 758,716$
Bonds payable 3,395,000$ 3,149,389$ 2,879,091$
2007 2008 2009
Percent Percent Percent
$(500,000)
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
2007 2008 2009
Operating revenues Operating expenses Nonoperating revenues (expenses)
Change in net assets Cash and temporary investments Bonds payable
The current cash balance increased when compared with the prior year. It is important to keep an updated cash flow
projection to ensure rates are sufficient to cover increasing costs.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 18
Wireless Fund
A summary of the past three year’s Wireless fund operations are as follows:
Total Total Total
Operating revenues 68,606$ 100.0 %32,592$ 100.0 %140$ 100.0 %
Operating expenses 1,151,751 1678.8 315,664 968.5 151,708 108362.9
Operating loss (1,083,145) (1578.8) (283,072) (868.5) (151,568) (108262.9)
Nonoperating
revenues (expenses)353 0.5 1,059,114 3249.6 33,274 23767.1
Change in net assets (1,082,792)$ (1578.3)%776,042$ 2381.1 %668,376$ (83977.3)%
Cash and temporary
investments -$ 781,437$ -$
2007
Percent Percent Percent
2008 2009
$(1,500,000)
$(1,000,000)
$(500,000)
$-
$500,000
$1,000,000
$1,500,000
2006 2008 2009
Operating revenues Operating expenses Nonoperating revenues (expenses)
Change in net assets Cash and temporary investments
The Wireless fund was closed as of December 31, 2009. All remaining assets and liabilities were transferred to the
Development EDA fund.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 19
Ratio Analysis
The following captures a few ratios from the City’s financial statements that give some additional information for trend and peer
group analysis. The peer group average is derived from information available on the website of the Office of the State Auditor.
The peer group average represented below consists of Minnesota cities of the 2nd class (population 20,000 to 100,000). The
majority of these ratios facilitate the use of economic resources focus and accrual basis of accounting at the government-wide
level. A combination of liquidity (ability to pay its most immediate obligations), solvency (ability to pay its long-term obligations),
funding (comparison of financial amounts and economic indicators to measure changes in financial capacity over time) and
common-size (comparison of financial data with other cities regardless of size) ratios are shown below.
Calculation Source 2006 2007 2008 2009
Debt to assets Total liabilities/total assets Government-wide 20% 19% 21% 17%
24% 23% 23%N/A
Debt service coverage Net cash provided by operations/Enterprise funds 192% 339% 199% 203%
enterprise fund debt payments 241% 247% 247%N/A
Debt per capita Bonded debt/population Government-wide 723$ 708$ 769$ 577$
1,389$ 1,485$ 1,485$ N/A
Taxes per capita Tax revenues/population Government-wide 560$ 613$ 604$ 625$
381$ 408$ 408$ N/A
Current expenditures per capita Current expenditures / population Governmental funds 876$ 805$ 811$ 793$
N/A 620$ 593$ N/A
Capital expenditures per capita Capital expenditures / population Governmental funds 103$ 130$ 221$ 218$
N/A 435$ 304$ N/A
Capital assets % left to Net capital assets/Government-wide 74% 66% 66% 66%
depreciate - Governmental gross capital assets 70% 69% 69%N/A
Capital assets % left to Net capital assets/Government-wide 51% 53% 53% 53%
depreciate - Business-type gross capital assets 65% 64% 64%N/A
Represents the City of St. Louis Park
Peer Group ratio
Ratio
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 20
Debt-to-Assets Leverage Ratio (Solvency Ratio)
The debt-to-assets leverage ratio is a comparison of a city’s total liabilities to its total assets or the percentage of total assets that
are provided by creditors. It indicates the degree to which the City’s assets are financed through borrowings and other long-term
obligations (i.e. a ratio of 50 percent would indicate half of the assets are financing with outstanding debt).
Debt Service Coverage Ratio (Solvency Ratio)
The debt coverage ratio is a comparison of cash generated by operations to total debt service payments (principal and interest) of
enterprise funds. This ratio indicates if there are sufficient cash flows from operations to meet debt service obligations. Except in
cases where other nonoperating revenues (i.e. taxes, assessments, transfers from other funds, etc.) are used to fund debt service
payments, an acceptable ratio would be above 100 percent.
Bonded Debt per Capita (Funding Ratio)
This dollar amount is arrived at by dividing the total bonded debt by the population of the city and represents the amount of
bonded debt obligation for each citizen of the City at the end of the year. The higher the amount, the more resources are needed in
the future to retire these obligations through taxes, assessments or user fees.
Taxes per Capita (Funding Ratio)
This dollar amount is arrived at by dividing the total tax revenues by the population of the city and represents the amount of taxes
for each citizen of the city for the year. The higher this amount is, the more reliant the City is on taxes to fund its operations. Of
the total taxes, 21 percent is related to tax increments or approximately $120 per capita.
Current Expenditures per Capita (Funding Ratio)
This dollar amount is arrived at by dividing the total current governmental expenditures by the population of the City and
represents the amount of governmental expenditure for each citizen of the City during the year. Since this is generally based on
ongoing expenditures, we would expect consistent annual per capita results.
Capital Expenditures per Capita (Funding Ratio)
This dollar amount is arrived at by dividing the total governmental capital outlay expenditures by the population of the City and
represents the amount of capital expenditure for each citizen of the City during the year. Since projects are not always recurring,
the per capita amount will fluctuate from year to year.
Capital Assets Percentage (Common-size Ratio)
This percentage represents the percent of governmental or business-type capital assets that are left to be depreciated. The lower
this percentage, the older the city’s capital assets are and may need major repairs or replacements in the near future. A higher
percentage may indicate newer assets being constructed or purchased and may coincide with higher debt ratios or bonded debt per
capita.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 21
Future Accounting Standard Changes
The following Governmental Accounting Standards Board (GASB) Statements have been issued and may have an impact on
future City financial statements:
GASB Statement No. 51 - Accounting and Financial Reporting for Intangible Assets
This statement was issued in June 2007 and is effective for periods beginning after June 15, 2009.
The new standard characterizes an intangible asset as an asset that lacks physical substance, is nonfinancial in nature, and has
an initial useful life extending beyond a single reporting period. Examples of intangible assets include easements, computer
software, water rights, timber rights, patents, and trademarks.
This statement requires that intangible assets be classified as capital assets (except for those explicitly excluded from the
scope of the new standard, such as capital leases). Relevant authoritative guidance for capital assets should be applied to these
intangible assets. The statement provides additional guidance that specifically addresses the unique nature of intangible assets,
including:
• Requiring that an intangible asset be recognized in the statement of net assets only if it is considered identifiable
• Establishing a specified-conditions approach to recognizing intangible assets that are internally generated (for
example, patents and copyrights)
• Providing guidance on recognizing internally generated computer software
• Establishing specific guidance for the amortization of intangible assets.
GASB Statement No. 54 - Fund Balance
This statement was issued in March of 2009 and is effective for periods beginning after June 15, 2010. This new standard is
intended to improve the usefulness of information provided to financial report users about fund balance by providing clearer,
more structured fund balance classifications, and clarifying the definitions of existing governmental fund types.
GASB No. 54 distinguishes fund balance between amounts that are considered non-spendable, such as fund balance
associated with inventories, and other amounts that are classified based on the relative strength of the constraints that control
the purposes for which specific amounts can be spent. The following classifications and definitions will be used:
• Restricted - amounts constrained by external parties, constitutional provision, or enabling legislation
• Committed - amounts constrained by a government using its highest level of decision-making authority
• Assigned - amounts a government intends to use for a particular purpose
• Unassigned - amounts that are not constrained at all will be reported in the general fund.
In addition to the classifications of fund balance, the standard clarified the definitions of individual governmental fund types,
for example, special revenue funds, debt service funds, and capital project funds.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 22
* * * * *
This report is intended solely for the information and use of Council, management and the Minnesota Office of the State Auditor
and is not intended to be and should not be used by anyone other than these specified parties.
Our audit would not necessarily disclose all weaknesses in the system because it was based on selected tests of the accounting
records and related data. The comments and recommendations in the report are purely constructive in nature, and should be read
in this context.
If you have any questions or wish to discuss any of the items contained in this letter, please feel free to contact us at your
convenience. We wish to thank you for the continued opportunity to be of service and for the courtesy and cooperation extended
to us by your staff.
June 10, 2010 ABDO, EICK & MEYERS, LLP
Minneapolis, Minnesota Certified Public Accountants
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 23
CITY OF ST. LOUIS PARK
ST. LOUIS PARK, MINNESOTA
FEDERAL AWARDS PROGRAMS
YEAR ENDED
DECEMBER 31, 2009
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 24
CITY OF ST. LOUIS PARK, MINNESOTA
TABLE OF CONTENTS
DECEMBER 31, 2009
Page No.
I. SINGLE AUDIT AND OTHER REQUIRED REPORTS
Report on Compliance with Requirements Applicable
to Each Major Program and Internal Control
over Compliance in Accordance with OMB Circular A-133 3 - 4
Schedule of Expenditures of Federal Awards 5
Notes to Schedule of Expenditures of Federal Awards 6
Schedule of Findings and Questioned Costs 7
II. OTHER REPORTS
Report on Minnesota Legal Compliance 9
Report and on Internal Control over Financial Reporting
and on Compliance and Other Matters Based on an
Audit of Financial Statements Performed in Accordance
with Government Auditing Standards 10 - 11
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 25
SINGLE AUDIT AND
OTHER REQUIRED REPORTS
CITY OF ST. LOUIS PARK
ST. LOUIS PARK, MINNESOTA
YEAR ENDED
DECEMBER 31, 2009
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 26
REPORT ON COMPLIANCE WITH REQUIREMENTS APPLICABLE
TO EACH MAJOR PROGRAM AND INTERNAL CONTROL OVER
COMPLIANCE IN ACCORDANCE WITH OMB CIRCULAR A-133
Honorable Mayor and City Council
City of St. Louis Park
St. Louis Park, Minnesota
Compliance
We have audited the compliance of the City of St. Louis Park, Minnesota (the City) with the types of compliance requirements
described in the U.S. Office of Management and Budget (OMB) Circular A-133 Compliance Supplement that are applicable to
each of its major federal programs for the year ended December 31, 2009. The City’s major federal programs are identified in the
summary of auditor’s results section of the accompanying Schedule of Findings and Questioned Costs. Compliance with the
requirements of laws, regulations, contracts and grants applicable to each of its major federal programs is the responsibility of the
City's management. Our responsibility is to express an opinion on the City’s compliance based on our audit.
We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America;
the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the
United States; and OMB Circular A-133, Audits of States, Local Governments and Non-Profit Organizations. Those standards
and OMB Circular A-133 require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance
with the types of compliance requirements referred to above that could have a direct and material effect on a major federal
program occurred. An audit includes examining, on a test basis, evidence about the City’s compliance with those requirements
and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a
reasonable basis for our opinion. Our audit does not provide a legal determination on the City’s compliance with those
requirements.
In our opinion, the City complied, in all material respects, with the requirements referred to above that are applicable to each of its
of its major federal programs for the year ended December 31, 2009.
Internal Control Over Compliance
The management of the City is responsible for establishing and maintaining effective internal control over compliance with
requirements of laws, regulations, contracts and grants applicable to federal programs. In planning and performing our audit, we
considered the City’s internal control over compliance with requirements that could have a direct and material effect on a major
federal program in order to determine our auditing procedures for the purpose of expressing our opinion on compliance and to test
and report on internal control over compliance in accordance with OMB Circular A-133, but not for the purpose of expressing an
opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness
of the City’s internal control over compliance.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 27
A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow
management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct,
noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal
control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a
reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be
prevented, or detected and corrected, on a timely basis.
Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section
and was not designed to identify all deficiencies in internal control over compliance that might be deficiencies, significant
deficiencies, or material weaknesses. We did not identify any deficiencies in internal control over compliance that we consider to
be material weaknesses, as defined above.
Schedule of Expenditures of Federal Awards
We have audited the financial statements of the governmental activities, the business-type activities, each major fund and the
aggregate remaining fund information of the City as of and for the year ended December 31, 2009, and have issued our report
thereon dated June 10, 2010, which contained unqualified opinions on those financial statements. Our audit was performed for the
purpose of forming opinions on the financial statements as a whole. The Schedule of Expenditure of Federal Awards is presented
for the purposes of additional analysis as required by U.S. Office of Management and Budget Circular A-133, Audits of States,
Local Governments, and Non-Profit Organizations, and is not a required part of the financial statements. Such information is the
responsibility of management and was derived from and relates directly to the underlying accounting and other records used to
prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial
statements and certain additional procedures, including comparing and reconciling such information directly to the underlying
accounting and other records used to prepare the financial statements or to the financial statements themselves, and other
additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion,
the information is fairly stated in all material respects in relation to the financial statements as a whole.
This report is intended solely for the information and use of the Council, management, others within the City, the Minnesota office
of the State Auditor, and federal awarding agencies and pass-through entities, and is not intended to be and should not be used by
anyone other than these specified parties.
June 10, 2010 ABDO, EICK & MEYERS, LLP
Minneapolis, Minnesota Certified Public Accountants
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 28
CITY OF ST. LOUIS PARK
ST. LOUIS PARK, MINNESOTA
SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
YEAR ENDED DECEMBER 31, 2009
Federal
Domestic
Assistance Program
Number Program Name Expenditures
U.S. Department of Transportation 20.205 ARRA Highway Planning and Construction 782,790$
U.S. Department of Transportation 20.205 Highway Planning and Construction 35,000
U.S. Department of Housing
and Urban Development 14.218 Community Development Block Grant 235,661
U.S. Department of Justice 16.804 Edward Byrne Memorial Justice Assistance Grant 56,023
U.S. Department of Justice 16.607 Bulletproof Vest Partnership Program 1,202
Total Federal expenditures 1,110,676$
Funding Source
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 29
CITY OF ST. LOUIS PARK
ST. LOUIS PARK, MINNESOTA
NOTES TO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS
YEAR ENDED DECEMBER 31, 2009
1. General
The accompanying Schedule of Expenditures of Federal Awards presents the activity of all federal award programs of the
City of St. Louis Park, Minnesota. The City's reporting entity is defined in Note I.A to the City's financial statements. All
federal awards received directly from federal agencies as well as federal awards passed through other government agencies
are included on the schedule.
2. Basis of Accounting
The accompanying Schedule of Expenditures of Federal Awards is presented using the modified accrual basis of accounting,
which is described below.
Under the modified accrual basis of accounting, revenues are recognized as soon as they are both measurable and available.
Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay
liabilities of the current period. For this purpose, the City considers revenue to be available if they are collected within 60
days of the end of the current fiscal period. Expenditures generally are recorded when a liability is incurred. However, debt
service expenditures, as well as expenditures related to compensated absences and claims and judgments, are recorded only
when payment is due.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 30
CITY OF ST. LOUIS PARK
ST. LOUIS PARK, MINNESOTA
SCHEDULE OF FINDINGS AND QUESTIONED COSTS
YEAR ENDED DECEMBER 31, 2009
A. Summary of Auditor’s Results
Financial Statements
1. The auditor's report expresses an unqualified opinion on the financial statements of the City of St. Louis Park,
Minnesota (the City).
2. No significant deficiencies or material weaknesses relating to the audit of the financial statements are reported in the
Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of
Financial Statements Performed in Accordance with Government Auditing Standards.
3. No instances of noncompliance material to the financial statements of the City were disclosed during the audit.
Federal Awards
1. The auditor's report on compliance for the major federal award programs for the City expresses an unqualified
opinion on all major federal programs.
2. No significant deficiencies or material weaknesses relating to the audit of the major federal award programs are
reported in the Report on Compliance with Requirements Applicable to Each Major Program and Internal Control
over Compliance in Accordance with OMB Circular A-133.
3. There are no audit findings required to be reported under Section 510(a) of OMB Circular A-133.
4. The programs tested as major programs included:
CFDA
U.S. Department of Transportation - ARRA Highway Planning and Construction 20.205
5. The threshold for distinguishing between Types A and B programs was $300,000.
6. The City does not qualify as a low-risk auditee.
B. Findings - Financial Statement Audit
None.
C. Findings and Questioned Costs - Major Federal Award Programs Audit
None.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 31
OTHER REPORTS
CITY OF ST. LOUIS PARK
ST. LOUIS PARK, MINNESOTA
YEAR ENDED
DECEMBER 31, 2009
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 32
REPORT ON MINNESOTA LEGAL COMPLIANCE
Honorable Mayor and City Council
City of St. Louis Park
St. Louis Park, Minnesota
We have audited the financial statements of the governmental activities, the business-type activities, each major fund and the
aggregate remaining fund information of the City of St. Louis Park, Minnesota (the City) as of and for the year ended
December 31, 2009, which collectively comprise the City’s basic financial statements and have issued our report thereon dated
June 10, 2010.
We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the
provisions of the Minnesota Legal Compliance Audit Guide for Local Government, promulgated by the Minnesota Office of the
State Auditor pursuant to Minnesota statute 6.65. Accordingly, the audit included such tests of the accounting records and such
other auditing procedures as we considered necessary in the circumstances.
The Minnesota Legal Compliance Audit Guide for Local Government covers seven main categories of compliance to be tested:
contracting and bidding, deposits and investments, conflicts of interest, public indebtedness, claims and disbursements, tax
increment financing, and miscellaneous provisions. Our study included all of the listed categories.
The results of our tests indicate that for the items tested, the City complied with the material terms and conditions of applicable
legal provisions.
This report is intended solely for the information and use of the Council, management and the Minnesota Office of the State
Auditor, and is not intended to be and should not be used by anyone other than these specified parties.
June 10, 2010 ABDO, EICK & MEYERS, LLP
Minneapolis, Minnesota Certified Public Accountants
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 33
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN
AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE
WITH GOVERNMENT AUDITING STANDARDS
Honorable Mayor and City Council
City of St. Louis Park
St. Louis Park, Minnesota
We have audited the financial statements of the governmental activities, the business-type activities, each major fund and the
aggregate remaining fund information of the City of St. Louis Park, Minnesota (the City), as of and for the year ended
December 31, 2009, which collectively comprise the City’s basic financial statements as listed in the table of contents and have
issued our report thereon dated June 10, 2010. We conducted our audit in accordance with auditing standards generally accepted
in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards,
issued by the Comptroller General of the United States.
Internal Control Over Financial Reporting
In planning and performing our audit, we considered the City’s internal control over financial reporting as a basis for designing
our auditing procedures for the purpose of expressing our opinion on the financial statements, but not for the purpose of
expressing an opinion on the effectiveness of the City’s internal control over financial reporting. Accordingly, we do not express
an opinion on the effectiveness of the City’s internal control over financial reporting.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the
normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material
weakness is a deficiency, or combination of deficiencies, in internal control such that there is a reasonable possibility that material
misstatement of the City’s financial statements will not be prevented, or detected and corrected on a timely basis.
Our consideration of internal control over financial reporting was for the limited purpose described in the first paragraph of this
section and was not designed to identify all deficiencies in internal control over financial reporting that might be deficiencies,
significant deficiencies or material weaknesses. We did not identify any deficiencies in internal control over financial reporting
that we consider to be material weaknesses, as defined above.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 34
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City’s financial statements are free of material misstatement, we
performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance
with which could have a direct and material effect on the determination of financial statement amounts. However, providing an
opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an
opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under
Government Auditing Standards.
We noted certain matters that we reported to management of the City in a separate letter dated June 10, 2010.
This report is intended solely for the information and use of management, City Council, other within the City, the Minnesota
Office of the State Auditor, and federal awarding agencies and pass-through entities and is not intended to be and should not be
used by anyone other than these specified parties.
June 10, 2010 ABDO, EICK & MEYERS, LLP
Minneapolis, Minnesota Certified Public Accountants
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 35
Comprehensive
Annual Financial Report
For the Year Ended December 31, 2009
City of St. Louis Park, Minnesota
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 36
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Subject: 2009 Financial Statements – Auditors Presentation Page 37
City of St. Louis Park, Minnesota
Comprehensive Annual Financial Report
For the fiscal year ended
December 31, 2009
Thomas Harmening - City Manager
Prepared by: Department of Finance
Member of the Government Finance Officers’ Association
Of the United States and Canada
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 38
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Subject: 2009 Financial Statements – Auditors Presentation Page 39
CITY OF ST. LOUIS PARK, MINNESOTA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 2009
TABLE OF CONTENTS – CONTINUED ON THE FOLLOWING PAGES
Page No.
I. INTRODUCTORY SECTION
Letter of Transmittal from City Manager and Finance Director 9
Certificate of Achievement for Excellence in Financial Reporting 13
Organizational Chart 14
Elected Officials and Staff 15
II. FINANCIAL SECTION
Independent Auditor’s Report 19
Management’s Discussion and Analysis 23
Basic Financial Statements
Government-wide Financial Statements
Statement of Net Assets 37
Statement of Activities 38
Fund Financial Statements
Governmental Funds
Balance Sheet 42
Reconciliation of the Balance Sheet to the Statement of Net Assets 45
Statement of Revenues, Expenditures and Changes in Fund Balances (Deficits) 46
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances (Deficits) to the Statement of Activities 48
General Fund
Statement of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual 49
Park and Recreation Fund
Statement of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual 50
Proprietary Funds
Statements of Net Assets (Liabilities) 52
Statements of Revenues, Expenses and Changes in Fund Net Assets (Liabilities) 60
Statements of Cash Flows 64
Notes to the Financial Statements 75
Required Supplementary Information
Schedule of Funding Progress for the Postemployment Benefit Plan 115
Combining and Individual Fund Financial Statements and Schedules
Nonmajor Governmental Funds
Combining Balance Sheet 118
Combining Statement of Revenues, Expenditures and Changes in Fund Balances 119
Nonmajor Special Revenue Governmental Funds
Combining Balance Sheet 122
Combining Statement of Revenues, Expenditures and
Changes in Fund Balances (Deficits) 124
Cable Television Fund
Schedule of Revenues, Expenditures and Changes in Fund Balances -
Budget and Actual 126
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 40
CITY OF ST. LOUIS PARK, MINNESOTA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 2009
TABLE OF CONTENTS - CONTINUED
Page No.
II. FINANCIAL SECTION - CONTINUED
Combining and Individual Fund Financial Statements and Schedules - Continued
Nonmajor Capital Projects Governmental Funds
Combining Balance Sheet 128
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances (Deficits) 130
Debt Service Funds
Combining Balance Sheet 135
Combining Schedule of Revenues, Expenditures and Changes in Fund Balances 139
Redevelopment District Governmental Funds
Combining Balance Sheet 142
Combining Schedule of Revenues, Expenditures
and Changes in Fund Balances (Deficits) 146
Internal Service Funds
Combining Statement of Net Assets (Liabilities) 150
Combining Statement of Revenues, Expenses and
Changes in Fund Net Assets (Liabilities) 152
Combining Statement of Cash Flows 154
General Fund
Balance Sheet 158
Schedule of Revenues, Expenditures and Changes in Fund Balances
Compared to Budget 159
Supplementary Information
Summary Financial Report
Revenues and Expenditures for General Operations - Governmental Funds 165
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 41
CITY OF ST. LOUIS PARK, MINNESOTA
COMPREHENSIVE ANNUAL FINANCIAL REPORT
YEAR ENDED DECEMBER 31, 2009
TABLE OF CONTENTS - CONTINUED
Table Page No.
III. STATISTICAL SECTION (UNAUDITED)
Financial Trends
Net Assets by Component 1 168
Changes in Net Assets 2 170
Governmental Activities Tax Revenues by Source 3 175
Fund Balances of Governmental Funds 4 176
Changes in Fund Balances of Governmental Funds 5 178
Revenue Capacity
Assessed Value/Tax Capacity Value and Estimated Actual Values
of Taxable Property 6 180
Property Tax Capacity Rates - Direct and Overlapping Governments 7 182
Principal Property Taxpayers 8 185
Property Tax Levies and Collections 9 186
Debt Capacity
Ratios of Outstanding Debt by Type 10 188
Ratios of General Bonded Debt Outstanding 11 189
Direct and Overlapping Governmental Activities Debt 12 190
Legal Debt Margin Information 13 191
Pledged Revenue Bond Coverage 14 192
Demographic and Economic Information
Demographic Statistics 15 193
Principal Employers 16 194
Operating Information
Full-Time Equivalent City Government Employees by Function 17 195
Operating Indicators by Function 18 196
Capital Asset Statistics by Function 19 197
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 42
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Subject: 2009 Financial Statements – Auditors Presentation Page 43
INTRODUCTORY SECTION
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Subject: 2009 Financial Statements – Auditors Presentation Page 44
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Subject: 2009 Financial Statements – Auditors Presentation Page 45
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Subject: 2009 Financial Statements – Auditors Presentation Page 46
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 47
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 48
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 49
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 50
2009 CITY OF ST. LOUIS PARK ORGANIZATIONAL CHART
City Council
City Manager
ADMINISTRATIVE
SERVICES
Records
General Admin
Human Resources
Payroll
Organization Develop
Elections
City Clerk
FINANCE
Financial Reporting
Budget
Financial Mgmt
Debt Mgmt
Investments
Utility Billing
Assessing
COMMUNITY
DEVELOPMENT
Planning/Zoning
Economic Dev
Housing
INSPECTIONS
Code Enforcement
Building Inspections
Housing Inspections
Environmental Health
Licensing
Facility Maint.
Service Districts
PUBLIC WORKS
Engineering
Utility Operations
Streets/Traffic
Refuse/Recycling
PARKS &
RECREATION
Rec Programming
Park Maintenance
Environmental
Nature Center
Recreation Center
Park Improvements
Vehicle Maint.
POLICE
Police Services
Investigation
Crime Prevention
911 Dispatch
Animal Control
Community
Outreach
FIRE
Fire Prevention
Fire Suppression
EMS/Rescue
Emergency
Preparedness
INFORMATION
RESOURCES
Cable Television
Technology Services
Support Services
WEB
Communications &
Marketing
Citizens
Economic Development Authority
Housing Authority
Boards & Commissions
City Council
City Manager
ADMINISTRATIVE
SERVICES
Records
General Admin
Human Resources
Payroll
Organization Develop
Elections
City Clerk
FINANCE
Financial Reporting
Budget
Financial Mgmt
Debt Mgmt
Investments
Utility Billing
Assessing
COMMUNITY
DEVELOPMENT
Planning/Zoning
Economic Dev
Housing
INSPECTIONS
Code Enforcement
Building Inspections
Housing Inspections
Environmental Health
Licensing
Facility Maint.
Service Districts
PUBLIC WORKS
Engineering
Utility Operations
Streets/Traffic
Refuse/Recycling
PARKS &
RECREATION
Rec Programming
Park Maintenance
Environmental
Nature Center
Recreation Center
Park Improvements
Vehicle Maint.
POLICE
Police Services
Investigation
Crime Prevention
911 Dispatch
Animal Control
Community
Outreach
FIRE
Fire Prevention
Fire Suppression
EMS/Rescue
Emergency
Preparedness
INFORMATION
RESOURCES
Cable Television
Technology Services
Support Services
WEB
Communications &
Marketing
Citizens
Economic Development Authority
Housing Authority
Boards & Commissions
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 51
City Officials as of December 31, 2009
Jeff Jacobs
Mayor
EDA Commissioner
Term Expires 1/2/12
Susan Sanger
Ward 1 Councilmember
EDA Commissioner
Term Expires 1/4/10
Mayor Pro-tem
John Basill
Ward 2 Councilmember
EDA Commissioner
Term Expires 1/4/10
Loran Paprocki
Ward 3 Councilmember
EDA President
Term Expires 1/4/10
C. Paul Carver
Ward 4 Councilmember
EDA Vice-President
Term Expires 1/4/10
Paul Omodt
At-Large A Councilmember
EDA Treasurer
Term Expires 1/2/12
Phil Finkelstein
At-Large B Councilmember
EDA Commissioner
Term Expires 1/2/12
_________________________________________________________________
Staff: City Manager: Thomas Harmening
Director of Community Development: Kevin Locke
Controller: Brian Swanson
Deputy City Manager/Director of Human Resources: Nancy Gohman
Director of Inspections: Brian Hoffman
Director of Public Works: Michael Rardin
Chief Information Officer: Clint Pires
Fire Chief: Luke Stemmer
Parks and Recreation Director: Cindy Walsh
Police Chief: John Luse
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 52
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Subject: 2009 Financial Statements – Auditors Presentation Page 53
FINANCIAL SECTION
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 54
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 55
INDEPENDENT AUDITOR’S REPORT
Honorable Mayor and Council
City of St. Louis Park, Minnesota
We have audited the accompanying financial statements of the governmental activities, the business-type activities, each major
fund, and the aggregate remaining fund information of the City of St. Louis Park, Minnesota (the City), as of and for the year
ended December 31, 2009, which collectively comprise the City’s basic financial statements as listed in the table of contents.
These financial statements are the responsibility of the City’s management. Our responsibility is to express opinions on these
financial statements based on our audit. The prior year comparative information has been derived from the City’s 2008 financial
statements and, in our report dated June 24, 2009, we expressed unqualified opinions on the respective proprietary fund financial
statements.
We conducted our audit in accordance with auditing standards generally accepted in the United States of America and that
standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the
United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our
audit provides a reasonable basis for our opinions.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of
the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the
City as of December 31, 2009, and the respective changes in financial position and where applicable, cash flows and the
respective budgetary comparison schedule for the General fund and the Parks and Recreation Special Revenue fund, thereof and
for the year then ended in conformity with accounting principles generally accepted in the United States of America.
In accordance with Government Auditing Standards, we have also issued our report dated June 10, 2010, on our consideration of
the City’s internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations,
contracts and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal
control over financial reporting and compliance and the results of that testing and not to provide an opinion on the internal control
over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government
Auditing Standards and should be considered in assessing the results of our audit.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 56
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 57
Accounting principles generally accepted in the United States of America require that the Management’s Discussion and Analysis
on pages 23 through 34 and the Schedule of Funding Progress on page 115 be presented to supplement the basic financial
statements. Such information, although not a part of the basic financial statements, is required by the Government Accounting
Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an
appropriate operational, economic, or historical context. We have applied certain limited procedures to the required
supplementary information in accordance with auditing standards generally accepted in the United States of America, which
consisted of inquiries of management about the methods of preparing the information and comparing the information for
consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained
during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information
because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s
basic financial statements as a whole. The introductory section, combining and individual fund financial statements, schedules
and statistical section are presented for purposes of additional analysis and are not a required part of the basic financial
statements. The combining and individual fund financial statements and schedules are the responsibility of management and were
derived from and relate directly to the underlying accounting and other records used to prepare the financial statements. The
information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional
procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to
prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with
auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all
material respects in relation to the basic financial statements taken as a whole. The introductory and statistical sections have not
been subjected to the auditing procedures applied in the audit of the basic financial statements and, accordingly, we do not
express an opinion or provide any assurance on it.
June 10, 2010 ABDO, EICK & MEYERS, LLP
Minneapolis, Minnesota Certified Public Accountants
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 58
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 59
City of St. Louis Park
Management’s Discussion and Analysis
As management of the City of St. Louis Park, we offer readers of the City of St. Louis Park’s financial
statements this narrative overview and analysis of the financial activities of the City of St. Louis Park for
the fiscal year ended December 31, 2009. We encourage readers to consider the information presented
here in conjunction with additional information that we have furnished in our letter of transmittal, which
starts on page 9 of this report.
Financial Highlights
• The assets of the City of St. Louis Park exceeded its liabilities at the close of the most recent fiscal
year by $180,719,970 (net assets). Of this amount, $67,488,507 (unrestricted net assets) may be used
to meet the government’s ongoing obligations to citizens and creditors.
• The government’s total net assets increased by $4,235,158.
• As of the close of the current fiscal year, the City of St. Louis Park’s governmental funds reported
combined ending fund balances of $60,965,104. Approximately 87 percent of this amount,
$52,852,202, is available for use within the City’s designations and policies.
• At the end of the current fiscal year, unreserved fund balance for the General fund was $11,272,776
(47 percent) of total General fund expenditures and transfers out.
• The City of St. Louis Park’s total bonded debt decreased by $9,100,000 (25 percent) during the current
fiscal year. The City retired the series 2001, 2002 and 2005B G.O. Tax Increment Refunding Bonds
during the year and also partially retired the 2004 G.O. Tax Increment Refunding Bonds. The City
issued G.O. Tax Increment Refunding bond, series 2009A for $2,000,000. Principal paid during the
year was $11,100,000.
Overview of the Financial Statements
The discussion and analysis are intended to serve as an introduction to the City of St. Louis Park’s basic
financial statements. The City of St. Louis Park’s basic financial statements are comprised of three
components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the
financial statements. This report also contains other supplementary information in addition to the basic
financial statements.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 60
City of St. Louis Park
Management’s Discussion and Analysis
Figure A-1 shows how the various parts of this annual report are arranged and related to one another.
Figure A-1
Annual Report Format
Government-wide financial statements – The government-wide financial statements are designed to
provide readers with a broad overview of the City of St. Louis Park’s finances in a manner similar to a
private-sector business.
The statement of net assets presents information on all of the City of St. Louis Park’s assets and liabilities,
with the difference between the two reported as net assets. Over time increases or decreases in net assets
may serve as a useful indicator of whether the financial position of the City of St. Louis Park is improving
or deteriorating.
The statement of activities presents information showing how the government’s net assets changed during
the most recent fiscal year. All changes in net assets are reported as soon as the underlying event giving
rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are
reported in the statement for some items that will only result in cash flows in future fiscal periods (e.g.,
uncollected taxes and earned but unused vacation leave).
Both of the government-wide financial statements distinguish functions of the City of St. Louis Park that
are principally supported by taxes and intergovernmental revenues (governmental activities) from other
functions that are intended to recover all or a significant portion of their costs through user fees and
charges (business-type activities). The governmental activities of the City of St. Louis Park include general
government, public safety, public works, public information, culture and recreation, housing and
rehabilitation, housing maintenance, social and economic development, general services, and interest on
long-term debt. The business-type activities of the City of St. Louis Park include water, sanitary sewer,
storm water, solid waste, and wireless operations. The Wireless fund was closed at the end of 2009.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 61
City of St. Louis Park
Management’s Discussion and Analysis
The government-wide financial statements start on page 37 of this report.
Fund financial statements – A fund is a grouping of related accounts that is used to maintain control over
resources that have been segregated for specific activities or objectives. The City of St. Louis Park, like
other state and local governments, uses fund accounting to ensure and demonstrate compliance with
finance-related legal requirements. All of the funds of the City of St. Louis Park can be divided into two
categories: governmental funds and proprietary funds.
Governmental funds – Governmental funds are used to account for essentially the same functions reported
as governmental activities in the government-wide financial statements. However, unlike the government-
wide financial statements, governmental fund financial statements focus on near-term inflows and
outflows of spendable resources, as well as on balances of spendable resources available at the end of the
fiscal year. Such information may be useful in evaluating a government’s near-term financing
requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial
statements, it is useful to compare the information presented for governmental funds with similar
information presented for governmental activities in the government-wide financial statements. By doing
so, readers may better understand the long-term impact of the government’s near-term financing decisions.
Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures,
and changes in fund balances provide a reconciliation to facilitate this comparison between governmental
funds and governmental activities.
The City of St. Louis Park maintains eight individual major governmental funds. Information is presented
separately in the governmental fund balance sheet and the governmental fund statement of revenues,
expenditures, and changes in fund balances for the General fund, two special revenue funds, debt service,
and four capital project funds, all of which are considered to be major funds. Data from the other eight
governmental funds are combined into a single, aggregated presentation. Individual fund data for each of
these non-major governmental funds is provided in the form of combining statements elsewhere in this
report.
The City of St. Louis Park adopts annual appropriated budgets for its General fund and Parks and
Recreation fund. Budgetary comparison statements are provided for the General fund and Parks and
Recreation fund to demonstrate compliance with this budget.
The basic governmental fund financial statements start on page 42 of this report.
Proprietary funds – The City of St. Louis Park maintains two different types of proprietary funds.
Enterprise funds are used to report the same functions presented as business-type activities in the
government-wide financial statements. The City of St. Louis Park uses enterprise funds to account for its
water, sanitary sewer, storm water, solid waste, and wireless operations. Proprietary funds provide the
same type of information as the government-wide financial statements, only in more detail. The
proprietary fund financial statements provide separate information for the water, sanitary sewer, storm
water, solid waste, and wireless operations, all of which are considered to be major funds of the City of St.
Louis Park.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 62
City of St. Louis Park
Management’s Discussion and Analysis
Internal service funds – These funds are an accounting device used to accumulate and allocate costs
internally among the City of St. Louis Park’s various functions. The City of St. Louis Park uses internal
service funds to account for maintaining its fleet of vehicles, management information systems,
replacement of City equipment, employee benefits, and compensated absences, and uninsured losses.
Because all of these services predominately benefit governmental rather than business-type functions, they
have been included within governmental activities in the governmental-wide financial statements. All
internal service funds are combined into a single, aggregated presentation in the proprietary fund financial
statements. Individual fund data for the internal service funds is provided in the form of combining
statements elsewhere in this report.
The basic proprietary fund financial statements start on page 52 of this report.
Notes to the financial statements – The notes provide additional information that is essential to a full
understanding of the data provided in the government-wide and fund financial statements. The notes to the
financial statements start on page 75 of this report.
Other information – The combining statements referred to earlier, in connection with nonmajor
governmental funds and internal service funds, are presented immediately following the required
supplementary information. Combining and individual fund statements and schedules start on page 118 of
this report.
Other reports – Additional information related to the General fund start on page 135 of this report.
Government-wide Financial Analysis
As noted earlier, net assets may serve over time as a useful indicator of a government’s financial position.
In the case of the City of St. Louis Park, assets exceeded liabilities by $180,718,970 at the close of the
most recent fiscal year.
A portion of the City of St. Louis Park’s net assets (63 percent) reflects its investment in capital assets
(e.g., land, buildings, machinery, and equipment); less any related debt used to acquire those assets that is
still outstanding. The City of St. Louis Park uses these capital assets to provide services to citizens;
consequently, these assets are not available for future spending. Although the City of St. Louis Park’s
investment in its capital assets is reported net of related debt, it should be noted that the resources needed
to repay this debt must be provided from other sources, since the capital assets themselves cannot be used
to liquidate these liabilities.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 63
City of St. Louis Park
Management’s Discussion and Analysis
City of St. Louis Park’s Net Assets
Increase Increase
2009 2008 (Decrease)2009 2008 (Decrease)
Assets
Current and other assets 77,241,117$ 89,149,732$ (11,908,615)$ 7,702,056$ 11,402,424$ (3,700,368)$
Capital assets 100,528,759 88,817,772 11,710,987 33,186,279 33,041,335 144,944
Total assets 177,769,876 177,967,504 (197,628) 40,888,335 44,443,759 (3,555,424)
Liabilities
Other liabilities 6,016,976 5,239,519 777,457 599,759 718,033 (118,274)
Noncurrent liabilities 21,915,175 30,218,883 (8,303,708) 9,407,331 9,751,016 (343,685)
Total liabilities 27,932,151 35,458,402 (7,526,251) 10,007,090 10,469,049 (461,959)
Net assets
Invested in capital assets,
net of related debt 89,252,994 76,600,774 12,652,220 23,977,469 27,559,942 (3,582,473)
Unrestricted 60,584,731 65,908,328 (5,323,597) 6,903,776 6,414,768 489,008
Total net assets 149,837,725$ 142,509,102$ 7,328,623$ 30,881,245$ 33,974,710$ (3,093,465)$
Governmental Activities Business-type Activities
The balance of unrestricted net assets ($67,488,507) may be used to meet the government’s ongoing
obligations to citizens and creditors.
Governmental activities – Governmental activities increased the City of St. Louis Park’s net assets by
$7,328,623. This increase relates primarily to transfers from the enterprise funds.
Business-Type activities – The net assets of business-type activities decreased by $3,093,465. This
decrease is primarily due to transfers to the governmental funds.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 64
City of St. Louis Park
Management’s Discussion and Analysis
The following table indicates the changes in net assets for the City’s governmental and business-type
activities:
City of St. Louis Park’s Changes in Net Assets
Increase Increase
2009 2008 (Decrease)2009 2008 (Decrease)
Revenues
Program revenues
Charges for services 9,287,231$ 8,421,590$ 865,641$ 13,622,385$ 12,019,358$ 1,603,027$
Operating grants
and contributions 2,664,563 3,581,092 (916,529) 167,604 966,053 (798,449)
Capital grants and
contributions 2,131,755 2,822,683 (690,928) - 1,040,384 (1,040,384)
General revenues
Property taxes 29,512,631 28,523,119 989,512 - - -
Franchise fees 1,503,075 1,507,994 (4,919) - - -
State grants and contributions
not restricted to
specific programs 153,108 519,850 (366,742) - - -
Unrestricted investment earnings 1,452,176 2,133,858 (681,682) 201,825 243,724 (41,899)
Gain on disposal
of capital assets 91,149 1,842,601 (1,751,452) - - -
Miscellaneous 11,229 470,230 (459,001) - 18,473 (18,473)
Total revenues 46,806,917 49,823,017 (3,016,100) 13,991,814 14,287,992 (296,178)
Expenses
General government 8,167,355 8,216,816 (49,461) - - -
Public safety 12,138,185 11,867,403 270,782 - - -
Public works 6,915,541 6,904,217 11,324 - - -
Public information 457,872 425,829 32,043 - - -
Culture and recreation 7,456,215 7,352,406 103,809 - - -
Housing and rehabilitation 1,544,175 1,615,010 (70,835) - - -
Housing maintenance 128,099 199,757 (71,658) - - -
Social and economic development 6,321,623 5,494,634 826,989 - - -
General services 7,662 2,653 5,009 - - -
Interest on long-term debt 1,543,879 1,329,767 214,112 - - -
Water utility - - - 4,089,837 3,391,992 697,845
Sewer utility - - - 4,228,680 4,485,386 (256,706)
Solid waste utility - - - 2,125,540 2,135,677 (10,137)
Storm water utility - - - 1,287,202 1,172,199 115,003
Wireless - - - 151,708 315,664 (163,956)
Total expenses 44,680,606 43,408,492 1,272,114 11,882,967 11,500,918 382,049
Increase (decrease) in net
assets before transfers 2,126,311 6,414,525 (4,288,214) 2,108,847 2,787,074 (678,227)
Transfers 5,202,312 1,956,727 3,245,585 (5,202,312) (1,956,727) (3,245,585)
Change in net assets 7,328,623 8,371,252 (1,042,629) (3,093,465) 830,347 (3,923,812)
Net assets, January 1 142,509,102 134,137,850 8,371,252 33,974,710 33,144,363 830,347
Net assets, December 31 149,837,725$ 142,509,102$ 7,328,623$ 30,881,245$ 33,974,710$ (3,093,465)$
Governmental Activities Business-type Activities
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 65
City of St. Louis Park
Management’s Discussion and Analysis
Governmental Activities
Revenues - The following chart illustrates the City’s revenue by source for its governmental activities:
Revenues by Source - Governmental Activities
Charges for services
19.8%
Operating grants and
contributions
5.7%
Capital grants and
contributions
4.6%
Property taxes
63.1%
Franchise taxes
3.2%
Grants and
contributions
unrestricted
0.3%
Unrestricted
investment earnings
3.1%
Gain on sale of
capital assets
0.2%
Expenses - The following chart illustrates the City’s expenses and program revenues for its governmental
activities:
Expenses and Program Revenues - Governmental Activities
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000 General governmentPublic safetyPublic worksPublic informationCulture and recreationHousing and rehabilitationHousing maintenanceSocial and economic developmentGeneral servicesInterest on long-term debtExpenses Program revenues
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 66
City of St. Louis Park
Management’s Discussion and Analysis
Business-type activities - Business-type activities net assets decreased in 2009. Below are the graphs
showing the business-type activities revenue and expense comparisons.
Revenue Sources - Business-type Activities
Charges for services
97.4%
Operating grants and
contributions
1.2%
Unrestricted
investment earnings
1.4%
Expense and Program Revenues - Business-type Activities
$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
Water Sewer Solid waste Storm water Wireless
Expenses Program revenues
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 67
City of St. Louis Park
Management’s Discussion and Analysis
Financial Analysis of the Government’s Funds
As noted earlier, the City of St. Louis Park uses fund accounting to ensure and demonstrate compliance
with finance-related legal requirements.
Governmental funds - The focus of the City of St. Louis Park’s governmental funds is to provide
information on near-term inflows, outflows, and balances of spendable resources. Such information is
useful in assessing the City of St. Louis Park’s financing requirements. In particular, unreserved fund
balance may serve as a useful measure of a government’s net resources available for spending at the end
of the fiscal year.
As of the end of the current fiscal year, the City of St. Louis Park’s governmental funds reported combined
ending fund balances of $60,965,104, a decrease of $11,640,166 in comparison with prior year.
Unreserved, undesignated fund balance, which is available for spending at the government’s discretion,
has a deficit balance of $2,723,711 at year end. The remainder of fund balance is reserved or designated to
indicate that it is not available for new spending because it has already been committed 1) to pay debt
service ($2,198,070), 2) to pay for capital improvements and future expenditures ($55,575,913), 3) to
reserve for loans outstanding ($5,109,159), 4) for inventory ($247,186) 5) for E-911 funds ($558,487).
General Fund – the General fund is the chief operating fund of the City of St. Louis Park. At the end of
the current fiscal year, unreserved fund balance of the General fund was $11,272,776, while total fund
balance reached $11,844,982. As a measure of the General fund’s liquidity, it may be useful to compare
both unreserved fund balance and total fund balance to total fund expenditures. Unreserved fund balance
represents 47 percent of total General fund expenditures and transfers out, while total fund balance
represents 49 percent of that same amount.
The City’s General fund balance increased $118,382 during the current fiscal year. This increase is
primarily due to transfers in from other funds of $2,685,300. Expenditures were under budget by
$1,215,406. The total property tax revenue collected exceeded budget by $509,517 due to decertification
of the Excelsior Boulevard Tax Increment District and the subsequent tax receipts. Licenses and permits
revenue exceeded budget by $264,167, primarily due to a conservative budget.
Parks and Recreation – the increase of $373,286 in fund balance is due to expenditures being under
budget by $262,894 and transfers in from other funds.
Housing Rehabilitation – the decrease of $909,802 in fund balance is due to strong demand for housing
improvement programs since homeowners are having difficulty finding conventional financing for
improvement projects.
Debt Service Fund - Fund balance in the debt service funds decreased $3,238,258 primarily due to debt
service retirement.
Permanent Improvement Revolving Fund - The increase in fund balance of $148,243 is due to interest
earned on investments.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 68
City of St. Louis Park
Management’s Discussion and Analysis
Street Capital Projects Fund – Fund balance decreased by $1,627,040 for an ending fund deficit of
$4,970,481. The decrease is primarily due to capital expenditures greater than revenue and transfers in.
Transfers to offset expenditures will be made as individual street projects are closed out.
Development Fund - In 2009, the Development fund balance decreased by $1,669,227. This decrease is
attributable primarily to expenditures and transfers out exceeding revenue.
Redevelopment District Fund – The Redevelopment District fund is comprised of all tax increment
districts in the City. The decrease in fund balance of $3,594,458 is due to transfers out to other funds
during the year.
Proprietary funds - The City of St. Louis Park’s proprietary funds provide the same type of information
found in the government-wide financial statements, but in more detail. At the end of the year, unrestricted
net assets of the Water Utility, Sewer Utility, Storm Water Utility, Solid Waste and Wireless funds
amounted to $6,903,776. Total net assets decreased by $3,093,465.
Capital Asset and Debt Administration
Capital assets
The City of St. Louis Park’s investment in capital assets for its governmental and business type activities
as of December 31, 2009, was $133,715,038 (net of accumulated depreciation). This investment in capital
assets includes land, buildings and system improvements, machinery and equipment, park facilities, roads,
highways, and bridges. The total increase in the City of St. Louis Park’s investment in capital assets for the
current fiscal year was 9.7 percent.
Major capital asset events during the current fiscal year included the following:
• Purchase of land for Wooddale Avenue and Highway 7 interchange.
• Expansion of Municipal Service Center.
• Improvements to roadways and street lighting.
• Improvements to water treatment plants and water tower.
• Improvements to sewer system.
• Improvements to park infrastructure and shelters.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 69
City of St. Louis Park
Management’s Discussion and Analysis
City of St. Louis Park’s Capital Assets
(net of accumulated depreciation)
Increase Increase
2009 2008 (Decrease)2009 2008 (Decrease)
Land 14,479,128$ 12,370,123$ 2,109,005$ 174,844$ 174,844$ -$
Buildings 19,671,187 19,943,655 (272,468) 1,700,768 1,828,547 (127,779)
Improvements other
than buildings 9,938,199 8,663,860 1,274,339 5,690,979 4,468,622 1,222,357
Machinery and
equipment 6,893,707 6,684,304 209,403 2,626,810 1,869,113 757,697
Infrastructure 39,904,808 35,025,660 4,879,148 22,926,521 20,653,024 2,273,497
Construction
in progress 9,641,730 6,130,170 3,511,560 66,357 4,047,185 (3,980,828)
Total 100,528,759$ 88,817,772$ 11,710,987$ 33,186,279$ 33,041,335$ 144,944$
Governmental Activities Business-type Activities
Additional information on the City of St. Louis Park’s capital assets can be found in Note III.D starting on
page 94 of this report.
Debt administration
At the end of the current fiscal year, the City of St. Louis Park had total bonded debt outstanding of
$27,180,000. Of this amount, $9,590,000 comprises debt issued for improvement projects and will be
repaid by ad valorem tax levies. In addition, $8,405,000 is general obligation tax increment debt which
financed redevelopment projects and will be repaid from the tax increments resulting from increased tax
capacity of the redevelopment properties. The remainder of the City of St. Louis Park’s bonded debt
represents general obligation revenue bonds to be repaid by the Water fund and Storm Water Utility fund
user charges. Furthermore, the City has long-term debt of $3,390,908 for compensated absences and
$707,906 for other post employment benefits payable.
City of St. Louis Park’s Outstanding Debt
General Obligation Bonds, Revenue Bonds, and other Debt
Increase Increase
2009 2008 (Decrease)2009 2008 (Decrease)
G.O. Revenue Bonds -$ -$ -$ 9,185,000$ 9,570,000$ (385,000)$
G.O. Tax Increment 8,405,000 15,995,000 (7,590,000) - - -
G.O. Improvement 9,590,000 10,715,000 (1,125,000) - - -
Compensated absences 3,226,673 3,157,197 69,476 164,235 162,874 1,361
Other postemployment benefits 673,620 351,686 321,934 34,286 18,142 16,144
Total 21,895,293$ 30,218,883$ (8,323,590)$ 9,383,521$ 9,751,016$ (367,495)$
Governmental Activities Business-type Activities
Principal payments during 2009 totaled $11,100,000. The City also issued $2,000,000 worth of tax
increment bonds. The City of St. Louis Park maintains an “AAA” rating from Standard & Poor’s for
general obligation debt.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 70
City of St. Louis Park
Management’s Discussion and Analysis
State statues limit the amount of general obligation debt a governmental entity may issue to 3 percent of its
total assessed valuation. The current debt limitation for the City of St. Louis Park is $167,199,699 which is
significantly more than the City of St. Louis Park’s outstanding general obligation debt. Additional
information on the City of St. Louis Park’s long-term debt can be found in Note III.F starting on page 100
of this report.
Economic Factors and Next Year’s Budgets and Rates
• User charges have been increased to account for various utility improvements scheduled for 2010 and
beyond.
• The overall tax levy for 2010 was increased 2.98 percent.
All of these factors were considered in preparing the City of St. Louis Park’s budget for the 2010 fiscal
year.
Requests for Information
This financial report is designed to provide our citizens, customers, and creditors with a general overview
of the City of St. Louis Park’s finances and to show the City’s accountability for the money it receives.
Questions concerning any of the information provided in the report, or requests for additional financial
information, contact the City of St. Louis Park Finance Department at 5005 Minnetonka Boulevard, St.
Louis Park, Minnesota, 55416, 952-924-2683, or Brian Swanson – Controller at
bswanson@stlouispark.org.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 71
BASIC FINANCIAL STATEMENTS
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 72
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 73
CITY OF ST. LOUIS PARK, MINNESOTA
STATEMENT OF NET ASSETS
DECEMBER 31, 2009
Governmental Business-type
Activities Activities Total
ASSETS
Cash and temporary investments 59,633,149$ 4,609,708$ 64,242,857$
Receivables
Accrued interest 327,627 37,868 365,495
Delinquent taxes 502,933 - 502,933
Unremitted tax collections 341,855 - 341,855
Accounts 1,048,317 2,545,228 3,593,545
Special assessments 3,375,079 696,595 4,071,674
Deposits 131,000 700 131,700
Loans - current 106,447 - 106,447
Internal balances 308,226 (308,226) -
Due from other governments 1,866,964 67,144 1,934,108
Inventory 247,186 - 247,186
Prepaid items 326,472 - 326,472
Loans - noncurrent 8,879,159 - 8,879,159
Deferred charges 146,703 53,039 199,742
Capital assets
Land and construction in progress 24,120,858 241,201 24,362,059
Depreciable assets (net of accumulated deprecation)76,407,901 32,945,078 109,352,979
TOTAL ASSETS 177,769,876 40,888,335 218,658,211
LIABILITIES
Accounts payable 1,131,243 255,987 1,387,230
Contracts payable 1,580,118 56,355 1,636,473
Accrued salaries payable 831,195 52,407 883,602
Accrued interest payable 286,530 153,589 440,119
Deposits payable 1,617,387 - 1,617,387
Due to other governments 227,188 81,421 308,609
Unearned revenue 343,315 - 343,315
Noncurrent liabilities:
Due within one year
Compensated absences payable 2,258,671 114,965 2,373,636
Bonds payable 1,670,000 400,000 2,070,000
Due in more than one year
Compensated absences payable 968,002 49,270 1,017,272
Other postemployment benefits payable 673,620 34,286 707,906
Bonds payable 16,344,882 8,808,810 25,153,692
TOTAL LIABILITIES 27,932,151 10,007,090 37,939,241
NET ASSETS
Invested in capital assets, net of related debt 89,252,994 23,977,469 113,230,463
Unrestricted 60,584,731 6,903,776 67,488,507
TOTAL NET ASSETS 149,837,725$ 30,881,245$ 180,718,970$
The notes to the financial statements are an integral part of this statement.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 74
CITY OF ST. LOUIS PARK, MINNESOTA
STATEMENT OF ACTIVITIES
FOR THE YEAR ENDED DECEMBER 31, 2009
Operating Capital Grants
Charges for Grants and and
Expenses Services Contributions Contributions
Governmental activities
General government 8,167,355$ 888,246$ 25,764$ -$
Public safety 12,138,185 2,958,383 1,135,070 -
Public works 6,915,541 2,292,287 975,931 1,194,448
Public information 457,872 - 1,759 -
Culture and recreation 7,456,215 2,083,015 98,605 256,830
Housing and rehabilitation 1,544,175 562,930 45,124 206,321
Housing maintenance 128,099 - 235,662 -
Social and economic development 6,321,623 184,236 146,648 474,156
General services 7,662 - - -
Interest on long-term debt 1,543,879 318,134 - -
Total governmental activities 44,680,606 9,287,231 2,664,563 2,131,755
Business-type activities
Water 4,089,837 4,294,962 - -
Sewer 4,228,680 5,153,171 - -
Solid waste 2,125,540 2,458,555 100,460 -
Storm water 1,287,202 1,699,557 67,144 -
Wireless 151,708 16,140 - -
Total business-type activities 11,882,967 13,622,385 167,604 -
Total 56,563,573$ 22,909,616$ 2,832,167$ 2,131,755$
General revenues
Taxes
Property taxes
Levied for general purposes
Levied for debt service
Levied for parks and recreation
Levied for capital projects
Levied for development
Franchise taxes
State grants and contributions not restricted to specific programs
Unrestricted investment earnings
Gain on disposal of capital assets
Miscellaneous
Transfers
Total general revenues
Change in net assets
Net Assets, January 1
Net Assets, December 31
The notes to the financial statements are an integral part of this statement.
Functions/Programs
Program Revenues
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 75
Governmental Business-type
Activities Activities Total
(7,253,345)$ -$ (7,253,345)$
(8,044,732) - (8,044,732)
(2,452,875) - (2,452,875)
(456,113) - (456,113)
(5,017,765) - (5,017,765)
(729,800) - (729,800)
107,563 - 107,563
(5,516,583) - (5,516,583)
(7,662) - (7,662)
(1,225,745) - (1,225,745)
(30,597,057) - (30,597,057)
- 205,125 205,125
- 924,491 924,491
- 433,475 433,475
- 479,499 479,499
- (135,568) (135,568)
- 1,907,022 1,907,022
(30,597,057) 1,907,022 (28,690,035)
15,128,890 - 15,128,890
1,347,000 - 1,347,000
4,073,118 - 4,073,118
1,110,003 - 1,110,003
7,853,620 - 7,853,620
1,503,075 - 1,503,075
153,108 - 153,108
1,452,176 201,825 1,654,001
91,149 - 91,149
11,229 - 11,229
5,202,312 (5,202,312) -
37,925,680 (5,000,487) 32,925,193
7,328,623 (3,093,465) 4,235,158
142,509,102 33,974,710 176,483,812
149,837,725$ 30,881,245$ 180,718,970$
Net Revenues (Expenses)
and Changes in Net Assets
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 76
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 77
CITY OF ST. LOUIS PARK, MINNESOTA
MAJOR GOVERNMENTAL FUNDS
General Fund - The City of St. Louis Park Home Rule Charter provides in Section 6.12(a) that there shall
be “A General fund for the payment of such expenses of the City as the Council may deem proper. Into
this fund shall be paid all money not provided herein or by statute to be paid into any other fund.”
The General fund is established to account for all revenues and expenditures which are not required to be
accounted for in other funds. It has more diverse revenue sources than other funds, including property
taxes, licenses, permits, fines and forfeits, intergovernmental, service charges, rents, and investment
interest earnings. The fund’s resources finance a wide range of functions including current operations of
general government, public safety, public works, and general service expenditures.
SPECIAL REVENUE FUNDS
Parks and Recreation Fund - accounts for the operation and maintenance of all City-owned parks
through the Park Maintenance division, trees through the Forestry division, nature center through the
Westwood Hills Nature Center division, and all City sponsored recreation programs through the Organized
Recreation division. Financing is provided by property taxes, intergovernmental revenues, and a
contribution from the St. Louis Park School District No. 283 for the jointly sponsored recreation activities,
and user fees from recreation programs.
Housing Rehabilitation Fund - to account for revenues from revenue bond fees and expenditures related
to preventing deterioration of multi-unit housing.
DEBT SERVICE FUNDS
Debt Service Fund - To accumulate monies for payment of principal and interest on bond issues.
CAPITAL PROJECTS FUNDS
Permanent Improvement Revolving Fund - To account for the resources and expenditures required for
the acquisition and construction of capital improvements which will provide a direct and significant
indirect benefit to individual property owners. Financing of these projects is provided by shared costs with
other organizations, land sales, State allotment from highway user tax collections and assessment
proceeds.
Streets Capital Projects Fund - To account for street construction projects. Revenues are provided by the
General Fund or by the issuance of General Obligation bonds.
Development EDA Fund - To account for transactions related to redevelopment efforts in the City;
financing is provided by investment earnings, grants, and developer reimbursements.
Redevelopment District - To account for transactions relative to acquisition and development in the
City’s tax increment redevelopment district; financing is provided by the sale of general obligation tax
increment and tax increment revenue bonds along with tax increment property tax payments.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 78
CITY OF ST. LOUIS PARK, MINNESOTA
BALANCE SHEET
GOVERNMENTAL FUNDS
DECEMBER 31, 2009
Parks and Housing Debt
General Recreation Rehabilitation Service
ASSETS
Cash and temporary investments 13,651,250$ 640,988$ -$ 2,247,152$
Receivables
Unremitted tax collections 252,009 - - -
Delinquent taxes 483,131 - - -
Accounts 16,084 250,796 4,947 -
Accrued interest 61,747 - - 6,756
Special assessments
Delinquent - - - -
Deferred - - 1,910,045 -
Deposits - - - -
Loans - current - - - 100,000
Due from other funds - - - -
Due from other governments 137,711 1,058 2,188 -
Inventory 13,719 233,467 - -
Loans - noncurrent - - 2,513,425 3,770,000
TOTAL ASSETS 14,615,651$ 1,126,309$ 4,430,605$ 6,123,908$
LIABILITIES AND FUND BALANCES (DEFICITS)
LIABILITIES
Accounts payable 436,021$ 101,251$ 85,775$ 3,000$
Contracts payable 14,429 - 18,303 -
Accrued salaries payable 662,837 115,319 3,658 -
Due to other funds - - 1,597,491 52,838
Due to other governments 61,624 14,063 - -
Deposits payable 795,039 - - -
Deferred revenue 800,719 25,127 1,905,373 3,870,000
TOTAL LIABILITIES 2,770,669 255,760 3,610,600 3,925,838
FUND BALANCES (DEFICITS)
Reserved for
Inventory 13,719 233,467 - -
E-911 funds 558,487 - - -
Loan receivable - noncurrent - - 2,513,425 -
Debt service - - - 2,198,070
Unreserved
Designated reported in:
General fund 7,326,638 - - -
Special revenue funds - 637,082 - -
Capital projects funds - - - -
Undesignated reported in:
General fund 3,946,138 - - -
Special revenue funds - - (1,693,420) -
Capital projects funds - - - -
TOTAL FUND BALANCES (DEFICITS)11,844,982 870,549 820,005 2,198,070
TOTAL LIABILITIES AND
FUND BALANCES (DEFICITS)14,615,651$ 1,126,309$ 4,430,605$ 6,123,908$
The notes to the financial statements are an integral part of this statement.
Special Revenue Funds
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 79
Permanent Streets Other Total
Improvement Capital Development Redevelopment Governmental Governmental
Revolving Projects EDA District Funds Funds
1,848,816$ -$ 19,343,831$ 7,977,834$ 10,416,158$ 56,126,029$
- - - 89,846 - 341,855
- - - 19,802 - 502,933
- 392,150 4,200 3,568 376,572 1,048,317
38,552 - 107,548 37,541 53,639 305,783
7,325 - 4,721 - 9,087 21,133
1,092,880 - 183,658 - 167,363 3,353,946
- - 100,000 - - 100,000
- - 6,447 - - 106,447
6,886,139 - 2,458,055 52,838 - 9,397,032
12,500 1,449,463 3,500 - 166,636 1,773,056
- - - - - 247,186
- - 2,595,734 - - 8,879,159
9,886,212$ 1,841,613$ 24,807,694$ 8,181,429$ 11,189,455$ 82,202,876$
-$ 25,889$ 34,732$ 11,299$ 212,453$ 910,420$
19,661 547,030 - - 151,065 750,488
- - - - 11,714 793,528
- 6,229,175 - 860,564 151,488 8,891,556
- - 5,236 79,248 39,556 199,727
- 10,000 - 812,348 - 1,617,387
1,097,904 - 188,378 19,802 167,363 8,074,666
1,117,565 6,812,094 228,346 1,783,261 733,639 21,237,772
- - - - - 247,186
- - - - - 558,487
- - 2,595,734 - - 5,109,159
- - - - - 2,198,070
- - - - - 7,326,638
- - - - 6,931,862 7,568,944
8,768,647 - 21,983,614 6,398,168 3,529,902 40,680,331
- - - - - 3,946,138
- - - - (5,698) (1,699,118)
- (4,970,481) - - (250) (4,970,731)
8,768,647 (4,970,481) 24,579,348 6,398,168 10,455,816 60,965,104
9,886,212$ 1,841,613$ 24,807,694$ 8,181,429$ 11,189,455$ 82,202,876$
Capital Projects Funds
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 80
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 81
CITY OF ST LOUIS PARK, MINNESOTA
RECONCILIATION OF THE BALANCE SHEET TO THE STATEMENT OF NET ASSETS
GOVERNMENTAL FUNDS
AS OF DECEMBER 31, 2009
Total fund balances - governmental 60,965,104$
Amounts reported for the governmental activities in the statement
of net assets are different because:
Capital assets used in governmental activities are not financial
resources and therefore are not reported as assets in governmental funds.
Cost of capital assets 134,292,494
Less: accumulated depreciation (45,327,531)
Long-term liabilities, including bonds payable, are not due and payable in the
current period and therefore are not reported as liabilities in the funds.
Long-term liabilities at year-end consist of:
Bond principal payable (17,995,000)
Less deferred charges net of accumulated amortization 146,703
Unamortized premium on Bonds (19,882)
Internal service funds are used by management to charge the costs for equipment,
information system, equipment replacement, employee benefits and major losses incurred
by individual funds. The assets and liabilities of the internal service funds are included
in the governmental activities in the statement of net assets 10,331,016
Some receivables are not available soon enough to pay for the current period's expenditures,
and therefore are deferred in the funds
Special assessments 3,358,418
Taxes 502,933
Loans 3,870,000
Governmental funds do not report a liability for accrued interest until
due and payable (286,530)
Total net assets - governmental activities 149,837,725$
The notes to the financial statements are an integral part of this statement.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 82
CITY OF ST. LOUIS PARK, MINNESOTA
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES (DEFICITS)
GOVERNMENTAL FUNDS
FOR THE YEAR ENDED DECEMBER 31, 2009
Parks and Housing Debt
General Recreation Rehabilitation Service
REVENUES
Property taxes 15,162,792$ 4,073,118$ -$ 1,347,000$
Tax increments - - - -
Franchise taxes - - - -
License and permits 2,779,167 6,865 - -
Intergovernmental 1,570,309 67,622 - -
Charges for services 1,034,854 1,042,612 10,868 -
Fines and forfeits 332,694 - - -
Special assessments - - 255,975 -
Interest on investments 260,263 760 6,312 24,069
Miscellaneous 170,876 984,559 552,362 318,134
TOTAL REVENUES 21,310,955 6,175,536 825,517 1,689,203
EXPENDITURES
Current
General government 6,472,022 - - -
Public safety 11,904,138 - - -
Public works 4,094,051 - - -
Public information - - - -
Culture and recreation - 5,835,524 - -
Housing and rehabilitation - - 1,550,264 -
Housing maintenance - - - -
Social and economic development - - - -
General services 7,662 - - -
Capital outlay
Public safety - - - -
Public works - - - -
Public information - - - -
Culture and recreation - - - -
Social and economic development - - - -
Debt service
Principal - - - 4,709,000
Interest - - - 1,322,477
TOTAL EXPENDITURES 22,477,873 5,835,524 1,550,264 6,031,477
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (1,166,918) 340,012 (724,747) (4,342,274)
OTHER FINANCING SOURCES (USES)
Transfers in 2,685,300 33,274 - 5,535,989
Issuance of debt - - 2,000,000
Premium on bonds - - - 10,202
Principal payments to refunded bond escrow agent - - - (6,045,000)
Costs paid to refunded bond escrow agent - - - (199,425)
Transfers out (1,400,000) - (185,055) (197,750)
TOTAL OTHER FINANCING SOURCES (USES)1,285,300 33,274 (185,055) 1,104,016
NET CHANGE IN FUND BALANCES 118,382 373,286 (909,802) (3,238,258)
FUND BALANCES (DEFICITS), JANUARY 1 11,726,600 497,263 1,729,807 5,436,328
FUND BALANCES (DEFICITS), DECEMBER 31 11,844,982$ 870,549$ 820,005$ 2,198,070$
The notes to the financial statements are an integral part of this statement.
Special Revenue Funds
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 83
Permanent Streets Other Total
Improvement Capital Development Redevelopment Governmental Governmental
Revolving Projects EDA District Funds Funds
-$ -$ 281$ 7,135$ 1,110,003$ 21,700,329$
- - - 7,846,204 - 7,846,204
- - - - 1,503,075 1,503,075
- - - - - 2,786,032
- 1,708,207 79,851 146,542 295,264 3,867,795
- 1,923,509 158,000 - 58,336 4,228,179
- - - - - 332,694
267,571 - 73,145 - 203,363 800,054
164,474 - 440,488 217,933 243,871 1,358,170
27,221 - 285,299 - 276,611 2,615,062
459,266 3,631,716 1,037,064 8,217,814 3,690,523 47,037,594
- - - - - 6,472,022
10,678 - - - 34,796 11,949,612
- 228,532 - - 314,706 4,637,289
- - - - 445,146 445,146
- - - - 191,535 6,027,059
- - - - - 1,550,264
- - - - 128,099 128,099
- - 972,095 5,092,877 176,151 6,241,123
- - - - - 7,662
- - - - 1,294 1,294
- 6,386,541 - - 1,182,428 7,568,969
- - - - 295,924 295,924
225,524 - - - 1,249,926 1,475,450
- - 947,526 24,839 - 972,365
- - - - - 4,709,000
- - - - - 1,322,477
236,202 6,615,073 1,919,621 5,117,716 4,020,005 53,803,755
223,064 (2,983,357) (882,557) 3,100,098 (329,482) (6,766,161)
- 1,356,317 - 197,750 130,669 9,939,299
- - - - - 2,000,000
- - - - - 10,202
- - - - - (6,045,000)
- - - - - (199,425)
(74,821) - (786,670) (6,892,306) (1,042,479) (10,579,081)
(74,821) 1,356,317 (786,670) (6,694,556) (911,810) (4,874,005)
148,243 (1,627,040) (1,669,227) (3,594,458) (1,241,292) (11,640,166)
8,620,404 (3,343,441) 26,248,575 9,992,626 11,697,108 72,605,270
8,768,647$ (4,970,481)$ 24,579,348$ 6,398,168$ 10,455,816$ 60,965,104$
Capital Projects Funds
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 84
CITY OF ST. LOUIS PARK, MINNESOTA
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES
AND CHANGES IN FUND BALANCES (DEFICITS) TO THE STATEMENT OF ACTIVITIES
GOVERNMENTAL FUNDS
YEAR ENDED DECEMBER 31, 2009
Total net change in fund balances (11,640,166)$
Amounts reported for governmental activities in the statement
of activities are different because:
Governmental funds report capital outlays as expenditures. However, in the statement of activities the cost
of those assets is allocated over their estimated useful lives and reported as depreciation expense. This
is the amount by which capital outlays exceeded depreciation in the current period.
Depreciation expense (3,878,252)
Capital outlays 10,213,903
Disposal of capital assets (153,062)
The issuance of long-term debt provides current financial resources to governmental funds, while
the repayment of principal of long-term debt consumes the current financial resources of governmental
funds. Neither transaction, however, has any effect on net assets. Also, governmental funds report
the effect of issuance costs, premiums, discounts and similar items when debt is first issued,
whereas these amounts are deferred and amortized in the statement of activities.
Bonds issued (2,000,000)
Premium on bonds issued (10,202)
Principal repayments on bonds 10,715,000
Interest on long-term debt in the statement of activities differs from the amount reported in the
governmental fund because interest is recognized as an expenditure in the funds when it is due,
and thus requires the use of current financial resources. In the statement of activities, however,
interest expense is recognized as the interest accrues, regardless of when it is due.101,340
Governmental fund report debt issuance premiums and discounts as an other financing
source or use at the time of issuance. Premiums and discounts are reported as an
unamortized asset or liability in the city-wide financial statements.10,683
Certain revenues are recognized as soon as they are earned. Under the modified accrual
basis of accounting certain revenues cannot be recognized until they are available
to liquidate liabilities of the current period.
Special assessments (33,902)
Property taxes (381,929)
Loans (95,000)
Internal service funds are used by management to charge the costs for equipment,
information system, equipment replacement, employee benefits and major losses incurred
by individual funds
The net revenue of certain activities of internal service funds is reported with
governmental activities 4,480,210
Change in net assets - governmental activities 7,328,623$
The notes to the financial statements are an integral part of this statement.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 85
CITY OF ST. LOUIS PARK, MINNESOTA
GENERAL FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES -
BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 2009
Variance with
Budgeted Amounts Final Budget -
Actual Positive
Original Final Amounts (Negative)
REVENUES
Property taxes 14,970,275$ 14,653,275$ 15,162,792$ 509,517$
Licenses and permits 2,515,000 2,515,000 2,779,167 264,167
Intergovernmental 1,647,214 1,647,214 1,570,309 (76,905)
Charges for services 1,201,900 1,201,900 1,034,854 (167,046)
Fines and forfeits 312,000 312,000 332,694 20,694
Interest on investments 350,000 350,000 260,263 (89,737)
Miscellaneous 102,000 102,000 170,876 68,876
TOTAL REVENUES 21,098,389 20,781,389 21,310,955 529,566
EXPENDITURES
General government 6,971,607 6,823,107 6,472,022 351,085
Public safety 12,477,122 12,425,622 11,904,138 521,484
Public works 4,264,550 4,264,550 4,094,051 170,499
General services 180,000 180,000 7,662 172,338
TOTAL EXPENDITURES 23,893,279 23,693,279 22,477,873 1,215,406
DEFICIENCY OF REVENUES
UNDER EXPENDITURES (2,794,890) (2,911,890) (1,166,918) 1,744,972
OTHER FINANCING SOURCES (USES)
Transfers in 2,628,910 2,678,910 2,685,300 6,390
Transfers out - - (1,400,000) (1,400,000)
TOTAL OTHER FINANCING
SOURCES (USES)2,628,910 2,678,910 1,285,300 (1,393,610)
NET CHANGE IN FUND BALANCE (165,980) (232,980) 118,382 351,362
FUND BALANCES, JANUARY 1 11,726,600 11,726,600 11,726,600 -
FUND BALANCES, DECEMBER 31 11,560,620$ 11,493,620$ 11,844,982$ 351,362$
The notes to the financial statements are an integral part of this statement.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 86
CITY OF ST. LOUIS PARK, MINNESOTA
PARKS AND RECREATION FUND
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES -
BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 2009
Variance with
Final Budget -
Actual Positive
Original Final Amounts (Negative)
REVENUES
Property taxes 4,073,118$ 4,073,118$ 4,073,118$ -$
License and permits - - 6,865 6,865
Intergovernmental
Other 55,702 55,702 67,622 11,920
Charges for services 1,141,598 1,141,598 1,042,612 (98,986)
Interest on investments - - 760 760
Miscellaneous 895,000 895,000 984,559 89,559
TOTAL REVENUES 6,165,418 6,165,418 6,175,536 10,118
EXPENDITURES
Culture and recreation
Current
Personal services 3,520,813 3,503,813 3,414,868 88,945
Supplies 926,251 876,251 745,837 130,414
Other services and charges 1,703,002 1,703,002 1,674,819 28,183
Capital outlay 15,352 15,352 - 15,352
TOTAL EXPENDITURES 6,165,418 6,098,418 5,835,524 262,894
EXCESS OF REVENUES
OVER EXPENDITURES - 67,000 340,012 273,012
OTHER FINANCING SOURCES
Transfers in - - 33,274 33,274
NET CHANGE IN FUND BALANCES - 67,000 373,286 306,286
FUND BALANCES, JANUARY 1 497,263 497,263 497,263 -
FUND BALANCES, DECEMBER 31 497,263$ 564,263$ 870,549$ 306,286$
The notes to the financial statements are an integral part of this statement.
Budgeted Amounts
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 87
CITY OF ST. LOUIS PARK, MINNESOTA
PROPRIETARY FUNDS
ENTERPRISE FUNDS - These funds are established to account for the acquisition and operation of
Water, Sewer, Storm Water, Solid Waste and Wireless operations which are entirely or predominantly
self-supporting from user charges to the general public.
Water Utility Fund - To account for the provision of water services to the residents of the City. All
activities necessary to provide such services are accounted for in this fund, including administration,
operations, maintenance, billing and collection.
Sewer Utility Fund - To account for the provision of sewer services to the residents of the City. All
activities necessary to provide such services are accounted for in this fund, including administration,
operations, maintenance, billing and collection.
Solid Waste Fund - To account for the revenue and expenses related to collection, disposal, and recycling
of residential solid waste. Financing is provided by charging each property owner a predetermined service
fee.
Storm Water Utility Fund - To account for the provision of storm water to the residents of the City. All
activities necessary to provide such services are accounted for in this fund, including administration,
operations, maintenance, billing and collection.
Wireless Fund - To account for the provision of high speed wireless internet access to the residents of the
City. All activities necessary to provide such services are accounted for in this fund, including
administration, operations, maintenance, billing and collection.
INTERNAL SERVICE FUNDS - Internal Service Funds are established to account for the financing of
goods and services provided to various City departments on a cost reimbursement basis.
Employee Flex Spending Fund - To account for the cost of providing benefits to employees which
include pensions, health, long-term disability, life and dental insurance, as well as unemployment and
worker’s compensation insurance.
Uninsured Loss Fund – To provide funds for major losses incurred which exceed current insurance
policy limits.
Equipment Replacement Fund - To account for the purchase and replacement of the City’s equipment.
Cost of the equipment will be recovered by charging user departments a usage fee throughout the
equipment’s useful life.
Capital Replacement Fund - To account for the purchase and replacement of the City’s capital. Cost of
the capital will be recovered by charging user departments a usage fee throughout the capital asset’s useful
life.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 88
CITY OF ST. LOUIS PARK, MINNESOTA
STATEMENTS OF NET ASSETS (LIABILITIES) - CONTINUED ON THE FOLLOWING PAGES
PROPRIETARY FUNDS
DECEMBER 31, 2009 AND 2008
2009 2008 2009 2008
ASSETS
CURRENT ASSETS
Cash and temporary investments 350$ 4,640,355$ 1,851,591$ 2,083,067$
Receivables
Special assessments
Delinquent 65,118 76,964 65 63
Deferred 598,950 457,545 32,389 23,513
Accounts 850,686 611,576 846,198 777,650
Accrued interest 8,865 14,019 11,629 13,390
Deposits 700 700 - -
Due from other funds - - 371,983 -
Due from other governments - - - -
Prepaid items - 12,064 - -
TOTAL CURRENT ASSETS 1,524,669 5,813,223 3,113,855 2,897,683
NONCURRENT ASSETS
Deferred charges 44,721 48,579 - -
Capital assets, at cost
Land 114,844 114,844 60,000 60,000
Buildings and structures 4,761,612 4,761,612 6,111 6,111
Improvements other than buildings 754,398 676,510 22,278 22,278
Infrastructure 14,036,235 12,386,784 18,594,322 18,491,336
Machinery and equipment 3,352,835 2,620,548 126,897 60,795
Furniture and equipment 31,532 31,532 14,527 14,527
Fleet - - - 19,529
Construction in progress 45,817 1,391,255 20,540 66,367
Total capital assets, at cost 23,097,273 21,983,085 18,844,675 18,740,943
Less accumulated depreciation (9,735,201) (9,247,333) (15,233,525) (15,130,320)
Net capital assets 13,362,072 12,735,752 3,611,150 3,610,623
TOTAL NONCURRENT ASSETS 13,406,793 12,784,331 3,611,150 3,610,623
TOTAL ASSETS 14,931,462 18,597,554 6,725,005 6,508,306
The notes to the financial statements are an integral part of this statement.
Sewer Utility
Business-type Activities
Water Utility
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 89
2009 2008 2009 2008 2009 2008
1,999,051$ 2,244,381$ 758,716$ 529,059$ -$ 781,437$
- - - - - -
73 - - - - -
569,646 520,306 278,698 241,914 - 3,530
12,554 14,043 4,820 9,127 - -
- - - - - -
400,000 - - - - -
- - 67,144 100,291 - -
- - - - - -
2,981,324 2,778,730 1,109,378 880,391 - 784,967
- - 8,318 8,923 - -
- - - - - -
- - - - - -
- - 6,182,215 4,809,017 - -
- - 14,942,261 13,789,259 - -
- - 70,438 - - -
- - 18,661 4,410 - -
- - - - - -
- - - 2,589,563 - -
- - 21,213,575 21,192,249 - -
- - (5,000,518) (4,497,289) - -
- - 16,213,057 16,694,960 - -
- - 16,221,375 16,703,883 - -
2,981,324 2,778,730 17,330,753 17,584,274 - 784,967
Business-type Activities - Enterprise Funds - Continued
Storm Water UtilitySolid Waste Wireless
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 90
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 91
CITY OF ST. LOUIS PARK, MINNESOTA
STATEMENTS OF NET ASSETS (LIABILITIES) - CONTINUED
PROPRIETARY FUNDS
DECEMBER 31, 2009 AND 2008
Governmental
Activities -
Internal
2009 2008 Service Funds
ASSETS
CURRENT ASSETS
Cash and temporary investments 4,609,708$ 10,278,299$ 3,507,120$
Receivables
Special assessments
Delinquent 65,183 77,027 -
Deferred 631,412 481,058 -
Accounts 2,545,228 2,154,976 -
Accrued interest 37,868 50,579 21,844
Deposits 700 700 31,000
Due from other funds 771,983 - -
Due from other governments 67,144 100,291 93,908
Prepaid items - 12,064 326,472
TOTAL CURRENT ASSETS 8,729,226 13,154,994 3,980,344
NONCURRENT ASSETS
Deferred charges 53,039 57,502 -
Capital assets, at cost
Land 174,844 174,844 -
Buildings and structures 4,767,723 4,767,723 -
Improvements other than buildings 6,958,891 5,507,805 -
Infrastructure 47,572,818 44,667,379 -
Machinery and equipment 3,550,170 2,681,343 3,337,956
Furniture and equipment 64,720 50,469 1,641,829
Fleet - 19,529 6,335,322
Construction in progress 66,357 4,047,185 5,422,433
Total capital assets, at cost 63,155,523 61,916,277 16,737,540
Less accumulated depreciation (29,969,244) (28,874,942) (5,173,744)
Net capital assets 33,186,279 33,041,335 11,563,796
TOTAL NONCURRENT ASSETS 33,239,318 33,098,837 11,563,796
TOTAL ASSETS 41,968,544 46,253,831 15,544,140
The notes to the financial statements are an integral part of this statement.
Totals
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 92
CITY OF ST. LOUIS PARK, MINNESOTA
STATEMENTS OF NET ASSETS (LIABILITIES) - CONTINUED
PROPRIETARY FUNDS
DECEMBER 31, 2009 AND 2008
2009 2008 2009 2008
LIABILITIES
CURRENT LIABILITIES
Accounts payable 59,315$ 196,437$ 14,803$ 11,645$
Contracts payable 46,819 43,531 6,345 2,630
Accrued flex spending - - - -
Accrued salaries payable 40,970 30,312 6,359 4,589
Accrued interest payable 100,599 51,309 - -
Due to other funds 771,983 - - -
Due to other governments 31,305 6,852 2,617 2,870
Compensated absences payable 94,905 93,209 15,693 16,251
Bonds payable 120,000 115,000 - -
TOTAL CURRENT LIABILITIES 1,265,896 536,650 45,817 37,985
NONCURRENT LIABILITIES
Compensated absences payable 40,673 39,947 6,725 6,964
Other postemployment benefits payable 28,304 14,832 4,680 2,586
Bonds payable 6,209,719 6,331,401 - -
TOTAL NONCURRENT LIABILITIES 6,278,696 6,386,180 11,405 9,550
TOTAL LIABILITIES 7,544,592 6,922,830 57,222 47,535
NET ASSETS (LIABILITIES)
Invested in capital assets, net of related debt 7,032,353 6,289,351 3,611,150 3,610,623
Unrestricted 354,517 5,385,373 3,056,633 2,850,148
TOTAL NET ASSETS (LIABILITIES)7,386,870$ 11,674,724$ 6,667,783$ 6,460,771$
The notes to the financial statements are an integral part of this statement.
Sewer UtilityWater Utility
Business-type Activities
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 93
2009 2008 2009 2008 2009 2008
144,191$ 140,908$ 37,678$ 33,622$ -$ 27,931$
- - 3,191 30,117 - -
- - - - - -
648 642 4,430 5,552 - -
- - 52,990 57,708 - -
- - 308,226 384,875 - 1,425,197
45,359 43,096 2,140 2,277 - 215
- - 4,367 4,552 - -
- - 280,000 270,000 - -
190,198 184,646 693,022 788,703 - 1,453,343
- - 1,872 1,951 - -
- - 1,302 724 - -
- - 2,599,091 2,879,389 - -
- - 2,602,265 2,882,064 - -
190,198 184,646 3,295,287 3,670,767 - 1,453,343
- - 13,333,966 13,545,571 - -
2,791,126 2,594,084 701,500 367,936 - (668,376)
2,791,126$ 2,594,084$ 14,035,466$ 13,913,507$ -$ (668,376)$
WirelessStorm Water UtilitySolid Waste
Business-type Activities - Enterprise Funds - Continued
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 94
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 95
CITY OF ST. LOUIS PARK, MINNESOTA
STATEMENTS OF NET ASSETS (LIABILITIES) - CONTINUED
PROPRIETARY FUNDS
DECEMBER 31, 2009 AND 2008
Governmental
Activities -
Internal
2009 2008 Service Funds
LIABILITIES
CURRENT LIABILITIES
Accounts payable 255,987$ 410,543$ 220,823$
Contracts payable 56,355 76,278 829,630
Accrued flex spending - - 34,362
Accrued salaries payable 52,407 41,095 3,305
Accrued interest payable 153,589 109,017 -
Due to other funds 1,080,209 1,810,072 197,250
Due to other governments 81,421 55,310 27,461
Compensated absences payable 114,965 114,012 2,258,671
Bonds payable 400,000 385,000 -
TOTAL CURRENT LIABILITIES 2,194,933 3,001,327 3,571,502
NONCURRENT LIABILITIES
Compensated absences payable 49,270 48,862 968,002
Other postemployment benefits payable 34,286 18,142 673,620
Bonds payable 8,808,810 9,210,790 -
TOTAL NONCURRENT LIABILITIES 8,892,366 9,277,794 1,641,622
TOTAL LIABILITIES 11,087,299 12,279,121 5,213,124
NET ASSETS (LIABILITIES)
Invested in capital assets, net of related debt 23,977,469 23,445,545 11,563,796
Unrestricted 6,903,776 10,529,165 (1,232,780)
TOTAL NET ASSETS (LIABILITIES)30,881,245$ 33,974,710$ 10,331,016$
The notes to the financial statements are an integral part of this statement.
Totals
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 96
CITY OF ST. LOUIS PARK, MINNESOTA
STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN FUND NET ASSETS (LIABILITIES) - CONTINUED ON THE FOLLOWING PAGES
PROPRIETARY FUNDS
FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008
2009 2008 2009 2008
OPERATING REVENUES
Charges for services 3,983,688$ 3,344,301$ 5,152,609$ 4,482,087$
Other 31,491 29,021 - -
Rent 203,134 211,062 - -
TOTAL OPERATING REVENUES 4,218,313 3,584,384 5,152,609 4,482,087
OPERATING EXPENSES
Personal services 1,023,886 807,124 227,821 313,496
Supplies 451,216 548,507 77,478 67,716
Professional services 285,674 213,513 26,012 45,485
Insurance 29,958 26,724 40,274 36,887
Utilities 455,739 463,039 48,534 47,508
Repairs and maintenance 542,372 336,107 113,450 44,611
Depreciation 487,869 439,627 122,734 149,610
Disposal charges 79,877 2,880 3,443,345 3,522,413
Other 490,645 445,676 129,032 257,660
TOTAL OPERATING EXPENSES 3,847,236 3,283,197 4,228,680 4,485,386
OPERATING INCOME (LOSS)371,077 301,187 923,929 (3,299)
NONOPERATING REVENUES (EXPENSES)
Interest on investments 75,168 63,779 46,765 77,352
Intergovernmental - - - 23,055
Miscellaneous revenues 76,649 18,470 562 1,197
Net gain on disposal of assets - - - -
Net amortization of bond premiums/deferred charges (2,176) (754) - -
Interest expense (240,425) (108,041) - -
TOTAL NONOPERATING
REVENUES (EXPENSES)(90,784) (26,546) 47,327 101,604
INCOME (LOSS) BEFORE TRANSFERS 280,293 274,641 971,256 98,305
TRANSFERS IN - - - -
TRANSFERS OUT (4,568,147) (533,656) (764,244) (741,334)
CHANGE IN NET ASSETS (4,287,854) (259,015) 207,012 (643,029)
NET ASSETS (LIABILITIES), JANUARY 1 11,674,724 11,933,739 6,460,771 7,103,800
NET ASSETS (LIABILITIES), DECEMBER 31 7,386,870$ 11,674,724$ 6,667,783$ 6,460,771$
The notes to the financial statements are an integral part of this statement.
Business-type Activities - Enterprise Funds
Water Utility Sewer Utility
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 97
2009 2008 2009 2008 2009 2008
2,458,383$ 2,347,995$ 1,699,557$ 1,529,180$ 140$ 32,592$
- - - - - -
- - - - - -
2,458,383 2,347,995 1,699,557 1,529,180 140 32,592
51,175 42,171 196,411 253,378 9,737 34,938
39,500 57,180 8,874 6,589 245 29,486
10,231 10,468 186,209 201,793 128,161 195,527
8,554 7,978 3,621 3,749 1,583 6,610
- - 16,500 17,307 - -
- - 141,605 12,083 - -
- - 503,229 445,774 - -
1,981,105 1,982,594 - - - -
34,975 35,286 87,318 76,420 11,982 49,103
2,125,540 2,135,677 1,143,767 1,017,093 151,708 315,664
332,843 212,318 555,790 512,087 (151,568) (283,072)
51,667 79,604 10,951 22,989 17,274 -
100,387 101,301 67,144 864,752 - -
245 141 - - 16,000 1,059,114
- - - - - -
- - (307) (307) - -
- - (143,128) (154,799) - -
152,299 181,046 (65,340) 732,635 33,274 1,059,114
485,142 393,364 490,450 1,244,722 (118,294) 776,042
- - - - 786,670 -
(288,100) (353,299) (368,491) (328,438) - -
197,042 40,065 121,959 916,284 668,376 776,042
2,594,084 2,554,019 13,913,507 12,997,223 (668,376) (1,444,418)
2,791,126$ 2,594,084$ 14,035,466$ 13,913,507$ -$ (668,376)$
Business-type Activities - Enterprise Funds - Continued
WirelessSolid Waste Storm Water Utility
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 98
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 99
CITY OF ST. LOUIS PARK, MINNESOTA
STATEMENTS OF REVENUES, EXPENSES AND
CHANGES IN FUND NET ASSETS (LIABILITIES) - CONTINUED
PROPRIETARY FUNDS
FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008
Governmental
Activities -
Internal
2009 2008 Service Funds
OPERATING REVENUES
Charges for services 13,294,377$ 11,736,155$ 626,983$
Other 31,491 29,021 47,741
Rent 203,134 211,062 -
TOTAL OPERATING REVENUES 13,529,002 11,976,238 674,724
OPERATING EXPENSES
Personal services 1,509,030 1,451,107 583,618
Supplies 577,313 709,478 181,423
Professional services 636,287 666,786 170,102
Insurance 83,990 81,948 951
Utilities 520,773 527,854 -
Repairs and maintenance 797,427 392,801 -
Depreciation 1,113,832 1,035,011 984,996
Disposal charges 5,504,327 5,507,887 -
Other 753,952 864,145 398,602
TOTAL OPERATING EXPENSES 11,496,931 11,237,017 2,319,692
OPERATING INCOME (LOSS)2,032,071 739,221 (1,644,968)
NONOPERATING REVENUES (EXPENSES)
Interest on investments 201,825 243,724 94,006
Intergovernmental 167,531 989,108 -
Miscellaneous revenues 93,456 1,078,922 97,930
Net gain on disposal of assets - - 91,148
Net amortization of bond premiums/deferred charges (2,483) (1,061) -
Interest expense (383,553) (262,840) -
TOTAL NONOPERATING
REVENUES (EXPENSES)76,776 2,047,853 283,084
INCOME (LOSS) BEFORE TRANSFERS 2,108,847 2,787,074 (1,361,884)
TRANSFERS IN 786,670 - 13,320,633
TRANSFERS OUT (5,988,982) (1,956,727) (7,478,539)
CHANGE IN NET ASSETS (3,093,465) 830,347 4,480,210
NET ASSETS (LIABILITIES), JANUARY 1 33,974,710 33,144,363 5,850,806
NET ASSETS (LIABILITIES), DECEMBER 31 30,881,245$ 33,974,710$ 10,331,016$
The notes to the financial statements are an integral part of this statement.
Totals
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 100
2009 2008 2009 2008
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers and users 3,849,644$ 3,559,762$ 5,075,183$ 4,604,411$
Receipts from interfund services provided - - - -
Other receipts 76,649 18,470 562 1,197
Payments for interfund services used (29,010) (29,010) (29,000) (25,000)
Payments to suppliers (2,428,241) (2,164,761) (3,842,252) (4,006,243)
Payments to employees (997,334) (772,545) (224,754) (309,987)
NET CASH PROVIDED (USED)
BY OPERATING ACTIVITIES 471,708 611,916 979,739 264,378
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Transfers in - - - -
Transfers out (4,568,147) (533,656) (764,244) (741,334)
Borrowing (payments) on interfund balances 771,983 - (371,983) -
Intergovernmental receipts 24,453 - - 23,681
Intergovernmental payments - (1,732) (253) -
NET CASH PROVIDED (USED)
BY NONCAPITAL
FINANCING ACTIVITIES (3,771,711) (535,388) (1,136,480) (717,653)
CASH FLOWS FROM CAPITAL
AND RELATED FINANCING ACTIVITIES
Acquisition and construction
of capital assets (1,114,189) (1,465,208) (123,261) (136,532)
Proceeds from sale of assets - - - -
Proceeds from bonds issued (net)- 4,056,895 - -
Principal paid on bonds (115,000) (90,000) - -
Interest paid on debt (191,135) (112,652) - -
NET CASH PROVIDED (USED) BY
CAPITAL AND RELATED
FINANCING ACTIVITIES (1,420,324) 2,389,035 (123,261) (136,532)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received from investments 80,322 65,145 48,526 91,769
NET INCREASE (DECREASE)
IN CASH AND CASH EQUIVALENTS (4,640,005) 2,530,708 (231,476) (498,038)
CASH AND CASH EQUIVALENTS,
JANUARY 1 4,640,355 2,109,647 2,083,067 2,581,105
CASH AND CASH EQUIVALENTS,
DECEMBER 31 350$ 4,640,355$ 1,851,591$ 2,083,067$
The notes to the financial statements are an integral part of this statement.
Water Utility Sewer Utility
CITY OF ST. LOUIS PARK, MINNESOTA
STATEMENTS OF CASH FLOWS - CONTINUED ON THE FOLLOWING PAGES
PROPRIETARY FUNDS
FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008
Business-type Activities - Enterprise Funds
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 101
2009 2008 2009 2008 2009 2008
2,408,970$ 2,345,453$ 1,662,773$ 1,553,202$ 3,670$ 29,062$
- - - - - -
245 141 - - 16,000 1,059,114
- - (10,000) (10,000) - -
(2,071,082) (2,088,596) (456,997) (654,024) (169,902) (266,273)
(51,169) (42,007) (197,219) (250,080) (9,737) (40,618)
286,964 214,991 998,557 639,098 (159,969) 781,285
- - - - 786,670 -
(288,100) (353,299) (368,491) (328,438) - -
(400,000) - (76,649) (68,340) (1,425,197) -
102,650 104,729 100,154 763,078 - 152
- - - - (215) -
(585,450) (248,570) (344,986) 366,300 (638,742) 152
- - (21,326) (1,009,846) - -
- - - - - -
- - - - - -
- - (270,000) (250,000) - -
- - (147,846) (166,787) - -
- - (439,172) (1,426,633) - -
53,156 86,548 15,258 25,387 17,274 -
(245,330) 52,969 229,657 (395,848) (781,437) 781,437
2,244,381 2,191,412 529,059 924,907 781,437 -
1,999,051$ 2,244,381$ 758,716$ 529,059$ -$ 781,437$
WirelessSolid Waste Storm Water Utility
Business-type Activities - Enterprise Funds
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 102
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 103
Governmental
Activities -
Internal
2009 2008 Service Funds
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from customers and users 13,000,240$ 12,091,890$ -$
Receipts from interfund services provided - - 689,023
Other receipts 93,456 1,078,922 97,930
Payments for interfund services used (68,010) (64,010) -
Payments to suppliers (8,968,474) (9,179,897) (682,987)
Payments to employees (1,480,213) (1,415,237) (192,655)
NET CASH PROVIDED (USED)
BY OPERATING ACTIVITIES 2,576,999 2,511,668 (88,689)
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Transfers in 786,670 - 7,962,487
Transfers out (5,988,982) (1,956,727) (2,120,393)
Borrowing (payments) on interfund balances (1,501,846) (68,340) (112,667)
Intergovernmental receipts 227,257 891,640 3,141
Intergovernmental payments (468) (1,732) (94,414)
NET CASH PROVIDED (USED)
BY NONCAPITAL
FINANCING ACTIVITIES (6,477,369) (1,135,159) 5,638,154
CASH FLOWS FROM CAPITAL
AND RELATED FINANCING ACTIVITIES
Acquisition and construction
of capital assets (1,258,776) (2,611,586) (5,683,764)
Proceeds from sale of assets - - 91,148
Proceeds from bonds issued (net)- 4,056,895 -
Principal paid on bonds (385,000) (340,000) -
Interest paid on debt (338,981) (279,439) -
NET CASH PROVIDED (USED) BY
CAPITAL AND RELATED
FINANCING ACTIVITIES (1,982,757) 825,870 (5,592,616)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received from investments 214,536 268,849 94,842
NET INCREASE (DECREASE)
IN CASH AND CASH EQUIVALENTS (5,668,591) 2,471,228 51,691
CASH AND CASH EQUIVALENTS,
JANUARY 1 10,278,299 7,807,071 3,455,429
CASH AND CASH EQUIVALENTS,
DECEMBER 31 4,609,708$ 10,278,299$ 3,507,120$
The notes to the financial statements are an integral part of this statement.
CITY OF ST. LOUIS PARK, MINNESOTA
STATEMENTS OF CASH FLOWS - CONTINUED
PROPRIETARY FUNDS
FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008
Totals
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 104
2009 2008 2009 2008
RECONCILIATION OF OPERATING INCOME (LOSS)
TO NET CASH PROVIDED (USED)
BY OPERATING ACTIVITIES
Operating income (loss)371,077$ 301,187$ 923,929$ (3,299)$
Adjustments to reconcile operating income (loss)
to net cash provided (used)
by operating activities:
Miscellaneous 76,649 18,470 562 1,197
Depreciation 487,869 439,627 122,734 149,610
Decrease (increase) in assets
Accounts receivable (239,110) 20,731 (68,548) 139,934
Special assessments (129,559) (45,353) (8,878) (17,610)
Prepaid items 12,064 (12,064) - -
Increase (decrease) in liabilities
Accounts payable (137,122) (19,608) 3,158 (3,704)
Contracts payable 3,288 (125,653) 3,715 (5,259)
Accrued salaries payable 10,658 8,288 1,770 1,586
Accrued flex spending - - - -
Compensated absences payable 2,422 11,459 (797) (663)
Other postemployment benefits payable 13,472 14,832 2,094 2,586
NET CASH PROVIDED (USED)
BY OPERATING ACTIVITIES 471,708$ 611,916$ 979,739$ 264,378$
SUPPLEMENTAL SCHEDULE OF NONCASH
CAPITAL AND RELATED FINANCING ACTIVITIES
Amortization of bond premiums and issuance costs 2,176$ 754$ -$ -$
Purchase of capital assets on account -$ -$ -$ -$
Disposal of capital assets -$ -$ 19,530$ -$
Transfer of capital assets from other funds -$ -$ -$ -$
Transfer of capital assets to other funds -$ -$ -$ -$
The notes to the financial statements are an integral part of this statement.
CITY OF ST. LOUIS PARK, MINNESOTA
STATEMENTS OF CASH FLOWS - CONTINUED
PROPRIETARY FUNDS
FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008
Business-type Activities - Enterprise Funds
Water Utility Sewer Utility
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 105
2009 2008 2009 2008 2009 2008
332,843$ 212,318$ 555,790$ 512,087$ (151,568)$ (283,072)$
245 141 - - 16,000 1,059,114
- - 503,229 445,774 - -
(49,340) (2,542) (36,784) 24,022 3,530 (3,530)
(73) - - - - -
- - - - - -
3,283 4,910 4,056 (69,742) (27,931) 14,453
- - (26,926) (276,341) - -
6 164 (1,122) 2,646 - (1,839)
- - - - - -
- - (264) (72) - (3,841)
- - 578 724 - -
286,964$ 214,991$ 998,557$ 639,098$ (159,969)$ 781,285$
-$ -$ 307$ 307$ -$ -$
-$ -$ -$ -$ -$ -$
-$ -$ -$ -$ -$ -$
-$ -$ -$ -$ -$ -$
-$ -$ -$ -$ -$ -$
Business-type Activities - Enterprise Funds
Solid Waste Storm Water Utility Wireless
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 106
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 107
Governmental
Activities -
Internal
2009 2008 Service Funds
RECONCILIATION OF OPERATING INCOME (LOSS)
TO NET CASH PROVIDED (USED)
BY OPERATING ACTIVITIES
Operating income (loss)2,032,071$ 739,221$ (1,644,968)$
Adjustments to reconcile operating income (loss)
to net cash provided (used)
by operating activities:
Miscellaneous 93,456 1,078,922 97,930
Depreciation 1,113,832 1,035,011 984,996
Decrease (increase) in assets
Accounts receivable (390,252) 178,615 14,299
Special assessments (138,510) (62,963) -
Prepaid items 12,064 (12,064) 7,175
Increase (decrease) in liabilities
Accounts payable (154,556) (73,691) 60,916
Contracts payable (19,923) (407,253) -
Accrued salaries payable 11,312 10,845 119
Accrued flex spending - - (566)
Compensated absences payable 1,361 6,883 69,476
Other postemployment benefits payable 16,144 18,142 321,934
NET CASH PROVIDED (USED)
BY OPERATING ACTIVITIES 2,576,999$ 2,511,668$ (88,689)$
SUPPLEMENTAL SCHEDULE OF NONCASH
CAPITAL AND RELATED FINANCING ACTIVITIES
Amortization of bond issuance costs 2,483$ 1,061$ -$
Purchase of capital assets on account -$ -$ 829,630$
Disposal of capital assets 19,530$ -$ -$
Transfer of capital assets from other funds -$ -$ 5,358,146$
Transfer of capital assets to other funds -$ -$ (5,358,146)$
The notes to the financial statements are an integral part of this statement.
Totals
CITY OF ST. LOUIS PARK, MINNESOTA
STATEMENTS OF CASH FLOWS - CONTINUED
PROPRIETARY FUNDS
FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 108
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 109
NOTES TO FINANCIAL STATEMENTS
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 110
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 111
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The City of St. Louis Park (the City) was incorporated in 1886 and operates a council-manager form of
government under the “Home Rule Charter” concept according to applicable Minnesota laws and
statutes. The governing body consists of a seven member City Council elected by the voters of the City.
The financial statements of the City have been prepared in conformity with accounting principles
generally accepted in the United States of America as applied to governmental units by the
Governmental Accounting Standards Board (GASB). The following is a summary of the significant
accounting policies.
A. Financial Reporting Entity
As required by accounting principles generally accepted in the United States of America, the
financial statements of the reporting entity include those of the City (the primary government) and
its component units, entities for which the City is considered to be financially accountable.
Blended components units, although legally separate entities, are in substance, part of the City’s
operations and so data from these units are combined with data of the City.
Blended Component Units
The Economic Development Authority (EDA) is an entity legally separate from the City.
However, for financial reporting purposes, the EDA is reported as if it were part of the City’s
operations because the members of the City Council serve as EDA Board Members and its sole
purpose is to promote development within the City of St. Louis Park’s tax increment districts.
Separate financial statements are not prepared for the EDA.
The following funds are maintained by the EDA: Debt Service Funds – 2001A General Obligation
Tax Increment Refunding, 2002A General Obligation Tax Increment Refunding, 2004 General
Obligation Tax Increment Refunding, 2005B General Obligation Tax Increment Refunding,
2008B General Obligation Tax Increment Bonds, and 2009A General Obligation Tax Increment
Bond. Capital Project Funds – Development EDA, and Redevelopment District.
Related Organization
The Housing Authority (HA) is an entity legally separate from the City. The HA is governed by a
Board of Commissioners appointed by the City Council. However, the City’s accountability for
the HA does not extend beyond making the appointments.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 112
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
B. Government-wide and Fund Financial Statements
The government-wide financial statements (i.e., the statement of net assets and the statement of
activities) report information on all of the non-fiduciary activities of the primary government and
its component units. For the most part, the effect of interfund activity has been removed from
these statements. Governmental activities, which normally are supported by taxes and
intergovernmental revenues, are reported separately from business-type activities, which rely to a
significant extent on fees and charges for support. Likewise, the primary government is reported
separately from certain legally separate component units for which the primary government is
financially accountable.
The statement of activities demonstrates the degree to which the direct expenses of a given
function or segment are offset by program revenues. Direct expenses are those that are clearly
identifiable with a specific function or segment. Program revenues include 1) charges to
customers or applicants who purchase, use, or directly benefit from goods, service, or privileges
provided by a given function or segment and 2) grants and contributions that are restricted to
meeting the operational or capital requirements of a particular function or segment. Taxes and
other items not properly included among programs revenue are reported instead as general
revenues.
Separate financial statements are provided for governmental funds and proprietary funds. Major
individual governmental funds and major individual enterprise funds are reported as separate
columns in the fund financial statements.
C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources
measurement focus and the accrual basis of accounting, as are the proprietary fund financial
statements. Revenues are recorded when earned and expenses are recorded when a liability is
incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues
in the year for which they are levied. Grants and similar items are recognized as revenue as soon
as all eligibility requirements imposed by the provider have been met.
Governmental fund financial statements are reported using the current financial resources
measurement focus and the modified accrual basis of accounting. Revenues are recognized as
soon as they are both measurable and available. Revenues are considered to be available when
they are collectible within the current period or soon enough thereafter to pay liabilities of the
current period. For this purpose, the government considers revenue to be available if they are
collected within 60 days of the end of the current fiscal period. Expenditures generally are
recorded when a liability is incurred, as under accrual accounting. However, debt service
expenditures, as well as expenditures related to compensated absences and claims and judgments,
are recorded only when payment is due.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 113
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
Property taxes, franchise taxes, licenses, and interest associated with the current fiscal period are
all considered to be susceptible to accrual and so have been recognized as revenues of the current
fiscal period. Only the portion of special assessments receivable due within the current fiscal
period is considered to be susceptible to accrual as revenue of the current period. All other revenue
items are considered to be measurable and available only when cash is received by the
government.
Revenue resulting from exchange transactions, in which each party gives and receives essentially
equal value, is recorded on the accrual basis when the exchange takes place. On a modified accrual
basis, revenue is recorded in the year in which the resources are measurable and become available.
Non-exchange transactions, in which the City receives value without directly giving equal value in
return, include property taxes, grants, entitlement and donations. On an accrual basis, revenue
from property taxes is recognized in the year for which the tax is levied. Revenue from grants,
entitlements and donations is recognized in the year in which all eligibility requirements have been
satisfied. Eligibility requirements include timing requirements, which specify the year when the
resources are required to be used or the year when use is first permitted, matching requirements, in
which the City must provide local resources to be used for a specified purpose, and expenditure
requirements, in which the resources are provided to the City on a reimbursement basis. On a
modified accrual basis, revenue from non-exchange transactions must also be available before it
can be recognized.
Deferred revenue arises when assets are recognized before revenue recognition criteria have been
satisfied. Grants and entitlements received before eligibility requirements are met are also
recorded as deferred revenue. On the modified accrual basis, receivables that will not be collected
within the available period have also been reported as deferred revenue in the fund financial
statements.
The City reports the following major governmental funds:
The General fund - the government’s primary operating fund. It accounts for all financial
resources except those required to be accounted for in another fund.
The Parks and Recreation Fund - accounts for the operation and maintenance of all City-
owned parks through the Park Maintenance division, trees through the Forestry division, nature
center through the Westwood Hills Nature Center division, and all City sponsored recreation
programs through the Organized Recreation division. Financing is provided by property taxes,
intergovernmental revenues, and a contribution from the St. Louis Park School District No. 283
for the jointly sponsored recreation activities, and user fees from recreation programs.
Housing Rehabilitation Fund - to account for revenues from revenue bond fees and expenditures
related to preventing deterioration of multi-unit housing.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 114
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
The Debt Service fund - accounts for the resources accumulated and payments made for principal
and interest on long-term general obligation debt of the government.
The Permanent Improvement Revolving fund - accounts for the resources and expenditures
required for the acquisition and construction of capital improvements which will provide a direct
or significant indirect benefit to individual property owners. Financing of these projects is
provided by shared costs with other organizations, land sales, State allotment from highway user
tax collections and assessment proceeds.
Streets Capital Projects fund - accounts for street construction projects. Revenues are provided by
the General Fund or by the issuance of General Obligation bonds.
The Development EDA fund - accounts for transactions related to redevelopment efforts in the
City; financing is provided by investment earnings, grants, and developer reimbursements.
The Redevelopment District fund - accounts for transactions relative to acquisition and
development in the City’s tax increment redevelopment districts; financing is provided by the sale
of general obligation tax increment bonds along with tax increment property tax payments.
The City reports the following major enterprise funds:
Water Utility fund - to account for the provisions of water services to residents of the City. All
activities necessary to provide such services are accounted for in this fund, including
administration, operations, maintenance, billing and collection.
Sewer Utility fund - to account for the provisions of sewer services to residents of the City. All
activities necessary to provide such services are accounted for in this fund, including
administration, operations, maintenance, billing and collection.
Solid Waste fund - to account for the revenue and expenses related to collection, disposal, and
recycling of residential solid waste. Financing is provided by charging each property owner a
predetermined service fee.
Storm Water Utility fund - to account for the revenue and expenses related to providing storm
water to the residents of the City. All activities necessary to provide such services are accounted
for in this fund, including administration, operations, construction, maintenance, billing and
collection.
Wireless fund - to account for the provision of high speed wireless internet access to the residents
of the City. All activities necessary to provide such services are accounted for in this fund,
including administration, operations, maintenance, billing and collection.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 115
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
Additionally, the government reports the following fund types:
Internal Service Funds - to account for the financing of goods or services provided by one
department or agency to other departments or agencies of the City, or to other governments on a
cost reimbursement basis. The City’s internal service funds account for employee flex spending,
uninsured loss, equipment replacement, and capital replacement.
Private-sector standards of accounting and financial reporting issued prior to December 1, 1989,
generally are followed in both the government-wide and proprietary fund financial statements to
the extent that those standards do not conflict with or contradict guidance of the Governmental
Accounting Standards Board. Governments also have the option of following subsequent private-
sector guidance for their business-type activities and enterprise funds, subject to this same
limitation. The government has elected not to follow subsequent private-sector guidance.
As a general rule the effect of interfund activity has been eliminated from government-wide
financial statements. Exceptions to this general rule are charges between the government’s
enterprise fund functions and various other functions of the government. Elimination of these
charges would distort the direct costs and program revenues reported for the various functions
concerned.
Amounts reported as program revenues include 1) charges to customers or applicants for goods,
services, or privileges provided, 2) operating grants and contribution, and 3) capital grants and
contributions, including special assessments. Internally dedicated resources are reported as general
revenues rather than as program revenues. Likewise, general revenues include all taxes.
Proprietary funds distinguish operating revenues and expenses from non-operating items.
Operating revenues and expenses generally result from providing services and producing and
delivering goods in connection with a proprietary fund’s principal ongoing operations. The
principal operating revenues of the enterprise funds and of the government’s internal service funds
are charges to customers for sales and services. Operating expenses for enterprise funds and
internal service funds include the cost of sales and services, administrative expenses, and
depreciation on capital assets. All revenues and expenses not meeting this definition are reported
as non-operating revenues and expenses.
When both restricted and unrestricted resources are available for use, it is the government’s policy
to use restricted resources first, then unrestricted resources as they are needed.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 116
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
D. Assets, Liabilities, and Net Assets or Equity
1. Deposits and Investments
The City’s cash and cash equivalents are considered to be cash on hand, demand deposits, and
short-term investments with original maturities of three months or less from date of acquisition.
Cash and investment balances from all funds are pooled and invested to the extent available in
authorized investments. Earnings from investments are allocated to individual funds on the basis
of the fund’s equity in the deposit and investments pool. The City investment policy dictates that
the General fund is to receive the first three percent of all interest earnings as an administrative
fee. The administrative fee does not apply to the development or redevelopment capital projects
fund.
The City may also invest idle funds as authorized by Minnesota statutes, as follows:
a) Direct obligations or obligations guaranteed by the United States or its agencies.
b) Shares of investment companies registered under the Federal Investment Company
Act of 1940 and received the highest credit rating, rated in one of the two highest
rating categories by a statistical rating agency, and have a final maturity of thirteen
months or less.
c) General obligations of a state or local government with taxing powers rated “A” or
better; revenue obligations rated “AA” or better.
d) General obligations of the Minnesota Housing Finance Agency rated “A” or better.
e) Bankers’ acceptances of United States banks eligible for purchase by the Federal
Reserve System.
f) Commercial paper issued by United States banks corporations or their Canadian
subsidiaries, of highest quality category by at least two nationally recognized rating
agencies, and maturing in 270 days or less.
g) Repurchase or reverse repurchase agreements and securities lending agreements with
financial institutions qualified as a “depository” by the government entity, with banks
that are members of the Federal Reserve System with capitalization exceeding
$10,000,000, a primary reporting dealer in U.S. government securities to the Federal
Reserve Bank of New York, or certain Minnesota securities broker-dealers.
h) Guaranteed investment contracts (GIC’s) issued or guaranteed by a United States
commercial bank, a domestic branch of a foreign bank, a United States insurance
company, or its Canadian subsidiary, whose similar debt obligations were rated in one
of the top two rating categories by a nationally recognized rating agency.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 117
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
The Minnesota Municipal Money Market fund (the 4M fund) is a customized cash management
and investment program for Minnesota public funds. Sponsored and governed by the League of
Minnesota Cities since 1987, the 4M fund is a unique investment alternative designed to address
the daily and long term investment needs of Minnesota cities and other municipal entities. The 4M
fund is an external investment pool not registered with the Securities and Exchange Commission;
however, it follows the same regulatory rules of the SEC under rule 2a7. Allowable under
Minnesota statutes, the 4M fund is comprised of top quality, rated investments. The reported value
of the pool is the same as the fair value of the pool shares. For more information on these
investments visit: www.mbia.com. Financial statements of the 4M fund can be obtained by
contacting Voyageur Asset Management at 100 South Fifth Street, Suite 2300, Minneapolis, MN
55402-1240.
It is the City’s policy to invest in a manner that seeks to ensure preservation of capital in the
overall portfolio. Safety of principal is the foremost objective, but liquidity and yield are also
important considerations. The objective will be to mitigate credit risk by purchasing only highly
rated securities with adequate collateral and interest rate risk by matching maturities to cash flow
needs and holding securities to maturity.
Investments are stated at their estimated fair value at the end of the year.
2. Receivables and Payables
Activity between funds that are representative of lending/borrowing arrangements outstanding at
the end of the fiscal year are referred to as either “due to/from other funds” (i.e., the current
portion of interfund loans) or “advances to/from other funds” (i.e., the non-current portion of
interfund loans). All other outstanding balances between funds are reported as “due to/from other
funds.” Any residual balances outstanding between the governmental activities and business-type
activities are reported in the government-wide financial statements as “internal balances.”
Advances between funds, as reported in the fund financial statements, are offset by a fund balance
reserve account in applicable governmental funds to indicate that they are not available for
appropriation and are not expendable available financial resources.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 118
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
Property Taxes
The City Council annually adopts a tax levy and certifies it to the County in December
(levy/assessment date) of each year for collection in the following year. The County is responsible
for billing and collecting all property taxes for itself, the City, the local School District and other
taxing authorities. Such taxes become a lien on January 1 and are recorded as receivables by the
City at that date. Real property taxes are payable (by property owners) on May 15 and October 15
of each calendar year. The taxes are collected by the County and remitted to the City on or before
July 5 and December 1 of the same year. Collections for November and December are received
the following January 26. The City has no ability to enforce payment of property taxes by property
owners. The County possesses this authority.
In the governmental fund financial statements, the City recognizes property tax revenue when it
becomes both measurable and available to finance expenditures of the current period. In practice,
current and delinquent taxes and State credits received by the City in July, December and January
are recognized as revenue for the current year. Taxes collected by the County by December 31
(remitted to the City the following January) and taxes and credits not received at the year-end are
classified as delinquent and due from the County taxes receivable. The portion of delinquent taxes
not collected by the City in January is fully offset by deferred revenue because they are not
available to finance current expenditures. In the government-wide financial statements, property
taxes are recognized as revenues in the year for which they are levied.
The City’s property tax revenue includes payment from the Metropolitan Revenue Distribution
(Fiscal Disparities Formula) per Minnesota statute 473F. This statute provides a means of
spreading a portion of the taxable valuation of commercial/industrial real property to various
taxing authorities within the defined metropolitan area. The valuation “shared” is a portion of
commercial/industrial property valuation growth since 1971. Property taxes paid to the City
through this formula for 2009 and 2008 totaled $1,975,069 and $1,696,198 respectively. Receipt
of property taxes from this “fiscal disparities pool” does not increase or decrease total tax revenue.
Accounts Receivable
Accounts receivable include amounts billed for services provided before year end. Unbilled utility
enterprise fund receivables are also included for services provided in 2009. The City annually
certifies delinquent water and sewer accounts to the County for collection in the following year.
Therefore, there has been no allowance for doubtful accounts established.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 119
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
Special Assessments
Special assessments are levied against benefited properties for the cost or a portion of the cost of
special assessment improvement projects in accordance with Minnesota Statutes. These
assessments are collectible by the City over a term of years usually consistent with the term of the
related bond issue. Collection of annual installments (including interest) is handled by the County
Auditor in the same manner as property taxes. Property owners are allowed to (and often do)
prepay future installments without interest or prepayment penalties.
In governmental fund financial statements, revenue from special assessments is recognized by the
City when it becomes measurable and available to finance expenditures of the current fiscal
period. In practice, current and delinquent special assessments received by the City are recognized
as revenue for the current year. Special assessments are collected by the County and remitted by
December 31 (remitted to the City the following January) and are also recognized as revenue for
the current year. All remaining delinquent, deferred and special deferred assessments receivable in
governmental funds are completely offset by deferred revenues. In government-wide financial
statements, special assessments are recognized as revenues in the year for which they are levied.
Once a special assessment roll is adopted, the amount attributed to each parcel is a lien upon that
property until full payment is made or the amount is determined to be excessive by the City
Council or court action. If special assessments are allowed to go delinquent, the property is subject
to tax forfeit sale and the first proceeds of that sale (after costs, penalties and expenses of sale) are
remitted to the City in payment of delinquent special assessments. Generally, the City will collect
the full amount of its special assessments not adjusted by City Council or court action. Pursuant to
Minnesota Statutes, a property shall be subject to a tax forfeit sale after three years unless it is
homesteaded, agricultural or seasonal recreational land in which event the property is subject to
such sale after five years.
Market Value Homestead Credit
The Market Value Homestead Credit program replaces the Homestead and Agriculture Credit Aid
(HACA) program. Beginning with taxes payable in 2002, this credit is paid to the City by the State
based on market value information provided by the County Auditor. The credit is recognized as
revenue consistent with the policies describe in Note 1C.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 120
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
3. Inventories and Prepaid Items
Inventory is valued at cost using the first-in/first-out (FIFO) method. Inventory consists mainly of
expendable supplies held for consumption. Inventories of the governmental funds are recorded as
expenditures when consumed rather than when purchased.
Certain cash payment to vendors reflects costs applicable to future accounting periods are
recorded as prepaid items in both government-wide and fund financial statements.
1. Use of Estimates
The preparation of financial statements in accordance with accounting principles generally
accepted in the United States of America requires management to make estimates that affect
amounts reported in the financial statements during the reporting period. Actual results could
differ from such estimates.
5. Capital Assets
Capital assets, which include property, plant, equipment, and infrastructure assets (e.g., roads,
bridges, sidewalks, an similar items), are reported in the applicable governmental or business-type
activities columns in the government-wide financial statements. Capital assets are defined by the
City as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an
estimated useful life of two years or more. Such assets are recorded at historical cost or estimated
historical cost if purchased or constructed. Donated capital assets would be recorded at estimated
fair market value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially
extend assets lives are not capitalized.
Major outlays for capital assets and improvements are capitalized as projects are constructed.
Interest incurred during the construction phase of capital assets of business-type activities is
included as part of the capitalized value of the assets constructed.
Property, plant, and equipment of the City are depreciated using the straight line method over the
following estimated useful lives:
Assets Years
Infrastructure 5 - 100
Buildings/Structures 5 - 30
Improvements other than buildings 5 - 30
Vehicles/Fleet 2 - 25
Machinery and equipment 5 - 30
Office furniture and equipment 3 - 20
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 121
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
Capital assets of the Water Utility and Sewer Utility operations include the water distribution
system and sewage collection system. These systems have been wholly (or substantially) financed
by non-operating funds (special assessments, general taxes, federal and state grants, and other
sources) and contributed to the Sewer and Water operating funds. City policy is to finance these
assets by the sources indicated rather than by user charges. Accordingly, the water and sewer user
rates are not established at levels sufficient to cover depreciation on these assets.
6. Compensated Absences
It is the City’s policy to permit employees to accumulate earned but unused vacation, sick pay and
flex leave benefits. No liability is recorded for unpaid accumulated sick leave, except for that
portion that is payable as severance. All liabilities for vacation leave, flex leave and severance,
both current and long-term, are recorded in the Employee Benefits Fund, an Internal Service Fund
for governmental funds, and in the individual enterprise funds. The personnel ordinance limits the
annual accumulation of benefits that can be accumulated from year to year. A liability for these
amounts is reported in governmental funds only if they have matured, for example, as a result of
employee severance.
7. Other Postemployment Benefits
Under Minnesota statute 471.61, subdivision 2b., public employers must allow retirees and their
dependents to continue coverage indefinitely in an employer-sponsored health care plan, under the
following conditions: 1) Retirees must be receiving (or eligible to receive) an annuity from a
Minnesota public pension plan, 2) Coverage must continue in group plan until age 65, and retirees
must pay no more than the group premium, and 3) Retirees may obtain dependent coverage
immediately before retirement. All premiums are funded on a pay-as-you-go basis. The liability
was actuarially determined, in accordance with GASB Statement 45, at January 1, 2009.
8. Long-Term Obligations
In the government-wide financial statements, and proprietary fund types in the fund financial
statements, long-term debt and other long-term obligations are reported as liabilities in the
applicable governmental activities, business-type activities, or proprietary fund type statement of
net assets. Bond premiums and discounts, as well as issuance costs, are deferred and amortized
over the life of the bonds using the effective interest method. Bond issuance costs are reported as
deferred charges and amortized over the term of the related debt using the straight line method.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 122
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED
In the fund financial statements, governmental fund types recognized bond premium and
discounts, as well as bond issuance costs, during the current period. The face amount of debt
issued is reported as other financing sources. Premiums received on debt issuances are reported as
other financing sources while discounts on debt issuances are reported as other financing uses.
Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as
debt service expenditures.
9. Interfund Transactions
Interfund services provided and used are accounted for as revenues, expenditures or expenses.
Transactions that constitute reimbursements to a fund are accounted for as expenditures/expenses
in the fund that is reimbursed.
10. Fund Equity
In the fund financial statements, governmental funds report reservations of fund balance for
amounts that are not available for appropriation or are legally restricted by outside parties for use
of a specific purpose. Designations of fund balance represent tentative management plans that are
subject to change.
11. Comparative Data/Reclassifications
Comparative total data for the prior year have been presented only for individual enterprise funds
in the fund financial statements in order to provide an understanding of the changes in the
financial position and operations of these funds. Also, certain amounts presented in the prior year
data have been reclassified in order to be consistent with the current year’s presentation.
12. Net Assets
Net assets represent the difference between assets and liabilities. Net assets are displayed in three
components:
a. Invested in capital assets, net of related debt - Consists of capital assets, net of
accumulated depreciation reduced by any outstanding debt attributable to acquire capital
assets.
b. Restricted net assets - Consist of net assets restricted when there are limitations imposed
on their use through external restrictions imposed by creditors, grantors, laws or
regulations of other governments.
c. Unrestricted net assets - All other net assets that do not meet the definition of “restricted”
or “invested in capital assets, net of related debt”.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 123
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
II. STEWARDSHIP, COMPLIANCE AND ACCOUNTABILITY
A. Budgetary Information
Budgets are legally adopted on a basis consistent with accounting principles generally accepted in
the United States of America. Annual appropriated budgets are legally adopted for the General and
certain special revenue funds. A budget is not presented for the Housing Rehabilitation fund since
the City does not legally required to adopt a budget for the fund.
Budgeted amounts are reported as originally adopted, or as amended by the City Council.
Individual amendments were not material in relation to the original appropriations that were
adjusted. Budgeted expenditure appropriations lapse the year end.
Encumbrances (e.g., purchase orders, contracts) outstanding at year end are reported as
reservations of fund balances and do not constitute expenditures or liabilities because the
commitments will be reappropriated and honored during the subsequent year.
The City follows these procedures in establishing the budgetary data reflected in the financial
statements:
1. The City Manager submits to the City Council a proposed operating budget for the fiscal
year commencing the following January 1. The operating budget includes proposed
expenditures and the means of financing them.
2. The City Council reviews the proposed budget and makes appropriate changes.
3. Public hearings are conducted to obtain taxpayer comments.
4. The budget is legally enacted through passage of a resolution on a departmental/divisional
basis and can be expended by each department based upon detailed budget estimates for
individual expenditure accounts in accordance with the provisions of section 6.05 of the
City Charter.
5. After the budget resolution is approved, the City Council can increase the budget only by
resolution if actual receipts exceed the estimated, or from accumulated fund balance in the
amount of unexpended appropriations from the previous fiscal year. During the year 2009,
the budget was amended.
6. Formal budgetary integration is employed as a management control device during the year
for the General fund and special revenue funds.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 124
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
II. STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY - CONTINUED
7. Legal debt obligation indentures determine the appropriation level of debt service tax
levies for the debt service funds. Supplementary budgets are adopted for the Proprietary
funds to determine and calculate user charges. These debt service and budget amounts
represent general obligation bond indenture provisions and net income for operation and
capital maintenance and are not reflected in the financial statements.
8. A capital improvement program is reviewed annually by the City Council for the capital
project funds. However, appropriations for major projects are not adopted until the actual
bid award of the improvement. The appropriations are not reflected in the financial
statements.
9. The legal level of budgetary control is at the fund level. Expenditures may not legally
exceed budgeted appropriations at the total fund level. The City Council must approve all
expenditures at fund level either by resolution or through the disbursement process.
Monitoring of budgets is maintained at the expenditure category level (i.e., personal
services, supplies, other services and charges, and capital outlay) within each program.
Management can exceed appropriations at the department level without City Council
approval. Approval must be received for exceeding budgeted appropriations at the fund
level.
10. The City Council may authorize transfer of budgeted amounts between City funds.
B. Excess of Expenditures over Appropriations
The following fund had disbursements over budgeted amounts that were approved by the City
Council through the disbursement process. The excess was funded with revenue in excess of
budget and available fund balance.
Excess of
Expenditures
Over
Budget Actual Appropriations
Nonmajor
Cable Television 503,500$ 741,070$ 237,570$
Fund
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 125
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
II. STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY - CONTINUED
C. Deficit Fund Equity
The following funds had deficit fund balances as of December 31, 2009:
Amount
Street Capital Projects 4,970,481$
Nonmajor special revenue
Community Development 5,698
Nonmajor capital projects
Fire Station Bonds 250
Internal service
Employee Flex Spending 3,892,120
Fund
The deficits will be removed with future revenue, transfers, and tax increment receipts. It is
unlikely that the deficit in the Employee Flex Spending fund will be eliminated, but the City has
processes in place to manage and review the deficit annually.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 126
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
III. DETAILED NOTES ON ALL FUNDS
A. Deposits and Investments
Deposits
Custodial credit risk for deposits and investments is the risk that in the event of a bank failure, the
City’s deposits and investments may not be returned or the City will not be able to recover
collateral securities in the possession of an outside party. In accordance with Minnesota statutes
and as authorized by the Council, the City maintains deposits at those depository banks, all of
which are members of the Federal Reserve System.
Minnesota statutes require that all City deposits be protected by insurance, surety bond or
collateral. The market value of collateral pledged must equal 110 percent of the deposits not
covered by insurance or bonds.
Authorized collateral in lieu of a corporate surety bond includes:
• United States government Treasury bills, Treasury notes, Treasury bonds;
• Issues of United States government agencies and instrumentalities as quoted by a
recognized industry quotation service available to the government entity;
• General obligation securities of any state or local government with taxing powers
which is rated “A” or better by a national bond rating service, or revenue obligation
securities of any state or local government with taxing powers which is rated “AA” or
better by a national bond rating service;
• General obligation securities of a local government with taxing powers may be
pledged as collateral against funds deposited by that same local government entity;
• Irrevocable standby letters of credit issued by Federal Home Loan Banks to a
municipality accompanied by written evidence that the bank’s public debt is rated
“AA” or better by Moody’s Investors Service, Inc., or Standard & Poor’s Corporation;
and
• Time deposits that are fully insured by any federal agency.
Minnesota statutes require that all collateral shall be placed in safekeeping in a restricted account
at a Federal Reserve Bank, or in an account at a trust department of a commercial bank or other
financial institution that is not owned or controlled by the financial institution furnishing the
collateral. The selection should be approved by the government entity.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 127
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
III. DETAILED NOTES ON ALL FUNDS - CONTINUED
At year-end, the carrying amount of the City’s deposits was $879,060 and the bank balance was
$1,491,919. Of the bank balance, $250,000 was covered by federal depository insurance and
$1,241,919 was covered by collateral held by the City’s agent in the City’s name.
A reconciliation of cash and investments as reported on the statement of net assets follows:
Carrying amount of deposits 879,060$
Investments 63,359,846
Petty cash 3,951
Total 64,242,857$
Investments
As of December 31, 2009, the City had the following investments that are insured or registered, or
securities held by the City’s agent in the City’s name:
Fair Value
Credit Segmented and
Quality/Time Carrying
Ratings (1)Distribution (2)Amount
Pooled investments
Broker Money Market Funds N/A Less than 6 months 14,900,836$
4M Money Market Mutual Fund P1 Less than 6 months 11,478,617
Non-pooled investments
Negotiable Certificates of Deposit N/A 6 months to 1 year 488,599
U.S. Government Agency Securities AAA Less than 6 months 1,007,600
U.S. Government Agency Securities AAA 1 to 3 years 11,302,110
U.S. Government Agency Securities AAA More than 3 years 15,744,193
State and Local Government Securities AAA 1 to 3 years 102,349
State and Local Government Securities AAA More than 3 years 7,367,492
U.S. Treasury STRIPS N/A 6 months to 1 year 968,050
Total investments 63,359,846$
Types of Investments
1. Ratings are provided by various credit rating agencies where applicable to indicate
associated credit risk.
2. Interest rate risk is disclosed using the segmented time distribution method.
N/A Indicated not applicable or available.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 128
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
III. DETAILED NOTES ON ALL FUNDS - CONTINUED
The investments of the City are subject to the following risks:
• Credit Risk. Credit risk is the risk that an issuer or other counterparty to an investment
will not fulfill its obligations. Ratings are provided by various credit rating agencies
and where applicable, indicate associated credit risk. Minnesota Statutes and the
City’s investment policy limit the City’s investments to the list on page 82 of the
notes.
• Custodial Credit Risk. The custodial credit risk for investments is the risk that, in the
event of the failure of the counterparty to a transaction, a government will not be able
to recover the value of investment or collateral securities that are in the possession of
an outside party. The City’s investment policy does not address custodial credit risk
but typically limits its exposure by purchasing insured or registered investments.
• Concentration of Credit Risk. Concentration of credit risk is the risk of loss attributed
to the magnitude of a government’s investment in a single issuer. In accordance with
its investment policy, the City diversifies its investment portfolio to eliminate the risk
of loss resulting from over-concentration of assets in a specific maturity, specific
issuer, or a specific class of securities.
• Interest rate risk. Interest rate risk is the risk that changes in interest rates will
adversely affect the fair value of an investment. In accordance with its investment
policy, the City manages its exposure to declines in fair values by selecting maturities
that provide stability of income and reasonable liquidity.
B. Receivables
Loans receivable
The City has made loans to local businesses and individuals that qualify for various loan
programs. The businesses and individuals pay varying installments on the loans. Depending on the
loan program, some of the loans are secured by an interest in the property. As of
December 31, 2009, the loans receivable balance was $8,985,606.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 129
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
III. DETAILED NOTES ON ALL FUNDS - CONTINUED
C. Deferred Revenue
Governmental funds report deferred revenue in connection with receivables for revenues that are
not considered to be available to liquidate liabilities of the current period. Governmental funds
also defer revenue recognition in connection with resources that have been received, but not yet
earned. At the end of the current fiscal year, the various components of deferred revenue and
unearned revenue reported in the governmental funds were as follows:
Unavailable Unearned
Delinquent property taxes receivable
General 483,131$ -$
Redevelopment District 19,802 -
Special assessments not yet due
Permanent Improvement Revolving 1,097,904 -
Housing rehabilitation 1,904,773 -
Development EDA 188,378 -
Nonmajor funds 167,363 -
Bond reimbursement payments not yet due
Debt Service fund 3,870,000 -
Revenue not yet earned
General - 317,588
Parks and Recreation - 25,127
Housing rehabilitation - 600
Total governmental funds 7,731,351$ 343,315$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 130
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
III. DETAILED NOTES ON ALL FUNDS - CONTINUED
D. Capital assets
Capital asset activity for the year ended December 31, 2009 was as follows:
Beginning Ending
Balance Increases Decreases Balance
Governmental activities
Capital assets not being depreciated
Land 12,370,123$ 2,109,005$ -$ 14,479,128$
Construction in progress 6,130,170 9,467,826 (5,956,266) 9,641,730
Total capital assets not
being depreciated 18,500,293 11,576,831 (5,956,266) 24,120,858
Capital assets, being depreciated
Buildings 26,731,891 409,000 (120,956) 27,019,935
Machinery and equipment 12,532,971 1,436,084 (818,929) 13,150,126
Other improvements 14,991,886 2,161,282 (556,680) 16,596,488
Infrastructure 62,925,291 7,269,336 (52,000) 70,142,627
Total capital assets
being depreciated 117,182,039 11,275,702 (1,548,565) 126,909,176
Less accumulated depreciation for
Buildings (6,788,236) (665,182) 104,670 (7,348,748)
Machinery and equipment (5,848,667) (1,085,615) 677,863 (6,256,419)
Other improvements (6,328,026) (722,263) 392,000 (6,658,289)
Infrastructure (27,899,631) (2,390,188) 52,000 (30,237,819)
Total accumulated depreciation (46,864,560) (4,863,248) 1,226,533 (50,501,275)
Total capital assets
being depreciated, net 70,317,479 6,412,454 (322,032) 76,407,901
Governmental activities
capital assets, net 88,817,772$ 17,989,285$ (6,278,298)$ 100,528,759$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 131
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
III. DETAILED NOTES ON ALL FUNDS - CONTINUED
Beginning Ending
Balance Increases Decreases Balance
Business-type Activities
Capital assets not being depreciated
Land 174,844$ -$ -$ 174,844$
Construction in progress 4,047,185 66,357 (4,047,185) 66,357
Total capital assets
not being depreciated 4,222,029 66,357 (4,047,185) 241,201
Capital assets being depreciated:
Buildings 4,767,723 - - 4,767,723
Improvements other than buildings 5,507,805 1,451,086 - 6,958,891
Infrastructure 44,667,379 2,905,439 - 47,572,818
Machinery, furniture and equipment 2,751,341 883,079 (19,530) 3,614,890
Total capital assets
being depreciated 57,694,248 5,239,604 (19,530) 62,914,322
Less accumulated depreciation for
Buildings (2,939,176) (127,779) - (3,066,955)
Improvements other than buildings (1,039,184) (228,728) - (1,267,912)
Infrastructure (24,014,354) (631,943) - (24,646,297)
Machinery, furniture and equipment (882,228) (125,382) 19,530 (988,080)
Total accumulated
depreciation (28,874,942) (1,113,832) 19,530 (29,969,244)
Total capital assets
being depreciated, net 28,819,306 4,125,772 - 32,945,078
Business-type activities
capital assets, net 33,041,335$ 4,192,129$ (4,047,185)$ 33,186,279$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 132
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
III. DETAILED NOTES ON ALL FUNDS - CONTINUED
Depreciation expense was charged to functions/programs of the City as follows:
Governmental activities
General government 124,035$
Public safety 188,573
Public works 2,426,654
Public information 12,726
Culture and recreation 1,092,319
Economic development 33,945
Internal service 984,996
Total depreciation expense - governmental activities 4,863,248$
Business-type activities
Water Utility 487,869$
Sewer Utility 122,734
Storm Water Utility 503,229
Total depreciation expense - business-type activities 1,113,832$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 133
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
III. DETAILED NOTES ON ALL FUNDS - CONTINUED
Construction Commitments
The government has active construction projects as of December 31, 2009. The projects include
street construction in areas with newly developed housing, widening and construction of existing
streets and bridges, and the construction of additional storm sewer and utility improvements. At
year end the City’s commitments with contractors are as follows:
Spent Remaining
to date Commitment
Highway 7/Wooddale Interchange 2,476,321$ 10,610,234$
Commercial Meter Replacement 157,694 95,198
SW Regional trail at Beltline Boulevard 28,463 12,537
West 36th & Wooddale Avenue Improvement 262,377 33,868
Park Place Boulevard 4,143,738 172,199
Municipal Service Center Renovation 4,933,930 3,744,107
Flood Area #25 11,186 47,814
Street Improvement for Excelsior Boulevard 9,482 25,861
2009 Local Street Rehabilitation and Watermain 1,330,838 88,293
Fern Hill Park Paving and Earthwork 394,753 14,200
WRP #1 Rehabilitation 19,672 65,008
West 36th Street Streetscape 511,217 171,896
2009 MSA Street Improvement Project 618,060 32,529
MSA Street Rehabilitation - Texas Avenue 84,555 24,270
City Hall Exterior Renovation 47,255 27,740
Highway 7/Louisiana Interchange 278,569 27,979
Total 15,308,110$ 15,193,733$
Project
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 134
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
III. DETAILED NOTES ON ALL FUNDS - CONTINUED
E. Interfund Receivables, Payables, and Transfers
Individual fund receivable and payable balances at December 31, 2009 are as follows:
Amount
Permanent Improvement Revolving Street Capital Projects 6,229,175$
Nonmajor governmental 151,488
Internal service funds 197,250
Storm Water 308,226
Development EDA Housing Rehabilitation 1,597,491
Redevelopment District 860,564
Redevelopment District Debt Service 52,838
Sewer Utility Water Utility 371,983
Solid Waste Water Utility 400,000
Total 10,169,015$
Payable FundReceivable Fund
The $6,229,175 is to fund expenditures on capital projects that have been expended with future
MSA reimbursement. In 2003, a Council resolution approved an internal loan in the amount of
$700,000 to the Storm Water Utility Fund for infrastructure improvements to be repaid by future
user charges. The outstanding balance due to PIR is $308,226. The other amounts are for balances
owed between funds for such items as wage and project reimbursements, miscellaneous receipts,
and to eliminate negative cash.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 135
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
III. DETAILED NOTES ON ALL FUNDS - CONTINUED
Interfund transfers at December 31, 2009 are as follows:
Streets
General Parks and Debt Service Capital
Fund Recreation Fund Projects
Transfer out
General -$ -$ -$ -$
Housing Rehabilitation 185,055 - - -
Debt Service - - - -
Permanent Improvement Revolving 56,390 18,431 - -
Development EDA - - - -
Redevelopment District - - 5,535,989 1,356,317
Nonmajor governmental 439,000 - - -
Water Utility enterprise 584,020 - - -
Sewer Utility enterprise 764,244 - - -
Solid Waste enterprise 288,100 - - -
Storm Water Utility enterprise 368,491 - - -
Internal service - 14,843 - -
Total transfers 2,685,300$ 33,274$ 5,535,989$ 1,356,317$
Nonmajor
Redevelopment Governmental Wireless Internal
District Funds Enterprise Service Total
Transfer out
General -$ -$ -$ 1,400,000$ 1,400,000$
Housing Rehabilitation - - - - 185,055
Debt Service 197,750 - - - 197,750
Permanent Improvement Revolving - - - - 74,821
Development EDA - - 786,670 - 786,670
Redevelopment District - - - - 6,892,306
Nonmajor governmental - 130,669 - 472,810 1,042,479
Water Utility enterprise - - - 3,984,127 4,568,147
Sewer Utility enterprise - - - - 764,244
Solid Waste enterprise - - - - 288,100
Storm Water Utility enterprise - - - - 368,491
Internal service - - - - 14,843
Total transfers 197,750$ 130,669$ 786,670$ 5,856,937$ 16,582,906$
Fund
Fund
Transfer in:
Transfer in:
Interfund transfers allow the City to allocate financial resources to the funds that receive benefit
from services provided by another fund. All of the City’s interfund transfers fall under that
category.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 136
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
III. DETAILED NOTES ON ALL FUNDS - CONTINUED
F. Long-term debt
General Obligation Bonds
The City issues general obligation bonds to provide funds for the acquisition and construction of
major capital facilities. General obligation bonds have been issued for both governmental and
business-type activities. The original amount of general obligation bonds issued was $14,855,000.
General obligation bonds are direct obligations and pledge the full faith and credit of the City.
These bonds generally are issued as 10-year serial bonds.
General Obligation Improvement Bonds
The following bonds were issued to finance various improvements and will be repaid by ad
valorem tax levies. Each tax levy equals 105 percent of the amount required for debt service. The
excess of 5 percent is to cover any delinquencies in tax payments.
Authorized Issue Maturity Balance at
and Issued Date Date Year End
G.O. Improvement,
Bonds Series 1999A 2,500,000$ 4.45 - 4.55 %06/01/99 02/01/11 600,000$
G.O. Improvement,
Bonds Series 2000 4,505,000 5.38 - 5.90 05/01/00 02/01/30 3,870,000
G.O. Improvement,
Bonds Series 2003 4,145,000 3.15 - 3.70 05/01/03 02/01/14 2,240,000
General Obligation
Bonds Series 2005A 3,705,000 3.50 - 3.75 05/25/05 02/01/16 2,880,000
Total General Obligation Bonds 9,590,000$
Interest
RateDescription
The annual debt service to maturity for general obligation improvement bonds are as follows:
Year Ending
December 31,Principal Interest Total
2010 1,175,000$ 410,195$ 1,585,195$
2011 1,230,000 364,229 1,594,229
2012 950,000 322,745 1,272,745
2013 990,000 286,368 1,276,368
2014 1,035,000 247,750 1,282,750
2015-2019 1,630,000 905,251 2,535,251
2020-2024 975,000 623,144 1,598,144
2025-2029 1,300,000 290,575 1,590,575
2030 305,000 8,997 313,997
Total 9,590,000$ 3,459,254$ 13,049,254$
Governmental Activities
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 137
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
III. DETAILED NOTES ON ALL FUNDS - CONTINUED
General Obligation Tax Increment Bonds
The following bonds were issued for development projects. The additional tax increments
resulting from increased tax capacity of the redevelopment properties will be used to retire the
related debt.
Authorized Issue Maturity Balance at
and Issued Date Date Year End
Tax Increment Refunding
Bonds, Series 2004A 7,490,000$ 2.50 - 3.70 %04/07/04 02/01/18 1,415,000$
Tax Increment
Bonds, Series 2008B 5,490,000 3.25 - 4.63 12/11/08 02/01/24 5,490,000
Tax Increment Refunding
Bonds, Series 2009A 2,000,000 2.00 - 2.25 06/11/09 02/01/11 1,500,000
Total G.O. Tax Increment Bonds 8,405,000$
Rate
Interest
Description
The annual debt service to maturity for general obligation tax increment bonds are as follows:
Year Ending
December 31,Principal Interest Total
2010 495,000$ 239,694$ 734,694$
2011 500,000 234,744 734,744
2012 810,000 224,788 1,034,788
2013 315,000 209,031 524,031
2014 340,000 197,963 537,963
2015-2019 3,385,000 835,145 4,220,145
2020-2024 2,560,000 303,356 2,863,356
Total 8,405,000$ 2,244,721$ 10,649,721$
Governmental Activities
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 138
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
III. DETAILED NOTES ON ALL FUNDS - CONTINUED
General Obligation Revenue Bonds
The following bonds were issued to finance improvements to the water and storm water utility
system. They will be retired by user charges and are backed by the full faith and credit of the City.
Authorized Issue Maturity Balance at
and Issued Date Date Year End
G.O. Storm Water Utility
Revenue Bonds,
Series 2001 3,265,000$ 4.35 - 4.85 %05/01/01 02/01/16 1,760,000$
G.O. Utility Revenue
Bonds, Series 2007 3,665,000 4.00 06/05/07 08/01/23 3,350,000
G.O. Utility Revenue
Bonds, Series 2008A 4,075,000 3.25-4.25 12/11/08 08/01/20 4,075,000
Total G.O. Revenue Bonds 9,185,000$
Rate
Interest
Description
The annual debt service to maturity for all general obligation revenue bonds are as follows:
Year Ending
December 31,Principal Interest Total
2010 400,000$ 363,828$ 763,828$
2011 755,000 346,553 1,101,553
2012 785,000 317,255 1,102,255
2013 820,000 286,623 1,106,623
2014 855,000 254,448 1,109,448
2015-2019 3,920,000 777,040 4,697,040
2020-2023 1,650,000 139,223 1,789,223
Total 9,185,000$ 2,484,970$ 11,669,970$
Business-type Activities
Compensated Absences
This liability represents vested benefits earned by employees through the end of the year, which
will be paid at termination of employment in future years. Compensated absences are paid out of
the employee benefits internal service fund.
Total
Compensated Absences Payable $ 3,390,908
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 139
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
III. DETAILED NOTES ON ALL FUNDS - CONTINUED
Changes in long-term liabilities
Long-term liability activity for the year ended December 31, 2009, was as follows:
Beginning Ending Due Within
Balance Increases Decreases Balance One Year
Bonds payable
G.O. Improvement bonds 10,715,000$ -$ (1,125,000)$ 9,590,000$ 1,175,000$
G.O. Tax Increment bonds 15,995,000 2,000,000 (9,590,000) 8,405,000 495,000
Add:
Premiums on bonds 17,517 10,202 (7,837) 19,882 -
Total bonds payable 26,727,517 2,010,202 (10,722,837) 18,014,882 1,670,000
Compensated absences payable 3,157,197 2,087,983 (2,018,507) 3,226,673 2,258,671
Other postemployment
benefits payable 351,686 399,501 (77,567) 673,620 -
Governmental activity
long-term liabilities 30,236,400$ 4,497,686$ (12,818,911)$ 21,915,175$ 3,928,671$
Business-type activities:
Bonds payable
G.O. Revenue bonds 9,570,000$ -$ (385,000)$ 9,185,000$ 400,000$
Add:
Premiums on bonds 25,790 - (1,980) 23,810 -
Total bonds payable 9,595,790 - (386,980) 9,208,810 400,000
Compensated absences payable 162,874 100,069 (98,708) 164,235 114,965
Other postemployment
benefits payable 18,142 21,424 (5,280) 34,286 -
Business-type activity
long-term liabilities 9,776,806$ 121,493$ (490,968)$ 9,407,331$ 514,965$
Refunding Issue
On June 11, 2009, the City issued $2,000,000 of G.O. Tax Increment Refunding Bonds, Series
2009A. The bonds bear an average interest rate of 2.12 percent and refunded the Series 2001 G.O.
Tax Increment bonds on August 1, 2009. As a result of the refunding issue, the City saved $44,575
in debt service payments and achieved an economic gain (the present value of the difference
between old debt service and new debt service) of $44,064.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 140
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
III. DETAILED NOTES ON ALL FUNDS - CONTINUED
G. Reserved and Designated Fund Balances
Reserved and designated fund balances at December 31, 2009 are summarized as follows:
Debt Special Capital
General Service Revenue Projects Total
Reserved for:
Inventory 13,719$ -$ 233,467$ -$ 247,186$
E-911 funds 558,487 - - - 558,487
Loan receivable - noncurrent - - 2,513,425 2,595,734 5,109,159
Debt Service - 2,198,070 - - 2,198,070
Total reserved fund balance 572,206$ 2,198,070$ 2,746,892$ 2,595,734$ 8,112,902$
Designated for:
Cash flow 7,326,638$ -$ -$ -$ 7,326,638$
Special revenue programs - - 7,568,944 - 7,568,944
Capital improvements - - - 40,680,331 40,680,331
Total designated fund balance 7,326,638$ -$ 7,568,944$ 40,680,331$ 55,575,913$
Governmental funds
Fund
IV. LEGAL DEBT MARGIN
The City is subject to a statutory limitation by the State of Minnesota for bonded indebtedness payable
principally from property taxes. The City’s legal debt margin for 2009 and 2008 is computed as
follows:
2009 2008
Estimated Taxable Market Value 5,651,872,150$ 5,575,783,700$
Debt Limit percentage 3%3%
Debt Limit 169,556,165 167,273,511
Amount of debt applicable to debt limit:
Total bonded debt 27,180,000 36,280,000
Less:
Amount set aside for repayment of G.O. bonds (523,534) (487,586)
G.O. Revenue bonds (9,185,000) (9,570,000)
G.O. Improvement bonds (6,710,000) (7,480,000)
Tax increment bonds (8,405,000) (15,995,000)
Total net debt applicable to margin 2,356,466 2,747,414
Legal debt margin 167,199,699$ 164,526,097$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 141
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
V. OTHER INFORMATION
A. Defined Benefit Pension Plan - Public Employees Retirement Association (PERA) - Statewide
1. Plan Description
All full-time and certain part-time employees of the City are covered by defined benefit plans
administered by the Public Employees Retirement Association of Minnesota (PERA). PERA
administers the Public Employees Retirement Fund (PERF) and the Public Employees Police and
Fire Fund (PEPFF), which are cost sharing, multiple-employer retirement plans. These plans are
established and administered in accordance with Minnesota statutes, chapters 353 and 356.
PERF members belong to either the Coordinated Plan or the Basic Plan. Coordinated Plan
members are covered by Social Security and Basic Plan members are not. All new members must
participate in the Coordinated Plan. All police officers, fire-fighters and peace officers who qualify
for membership by statute are covered by the PEPFF.
PERA provides retirement benefits as well as disability benefits to members, and benefits to
survivors upon death of eligible members. Benefits are established by state statute, and vest after
three years of credited service. The defined retirement benefits are based on a member’s highest
average salary for any five successive years of allowable service, age, and years of credit at
termination of service.
Two methods are used to compute benefits for PERA’s Coordinated and Basic Plan members. The
retiring member receives the higher of the step-rate benefit accrual formula (Method 1) or a level
accrual formula (Method 2). Under Method 1, the annuity accrual rate for a Basic Plan member is
2.2 percent of average salary for each of the first 10 years of service and 2.7 percent for each
remaining year. The annuity accrual rate for a Coordinated Plan member is 1.2 percent of average
salary for each of the first 10 years and 1.7 percent for each remaining year. Under Method 2, the
annuity accrual rate is 2.7 percent of average salary for Basic Plan members and 1.7 percent for
Coordinated Plan members for each year of service. For PEPFF members, the annuity accrual rate
is 3.0 for each year of service. For all PEPFF members, and for PERF members hired prior to July
1, 1989 whose annuity is calculated using Method 1, a full annuity is available when age plus
years of service equal 90. Normal retirement age is 55 for PEPFF members and 65 for Basic and
Coordinated members hired prior to July 1, 1989. Normal retirement age is the age for unreduced
Social Security benefits capped at 66 for Coordinated members hired on or after July 1, 1989. A
reduced retirement annuity is also available to eligible members seeking early retirement.
There are different types of annuities available to members upon retirement. A single-life annuity
is a lifetime annuity that ceases upon the death of the retiree – no survivor annuity is payable.
There are also various types of joint and survivor annuity options available which will be payable
over joint lives. Members may also leave their contributions in the fund upon termination of
public service in order to qualify for a deferred annuity at retirement age. Refunds of contributions
are available at any time to members who leave public service, but before retirement benefits
begin.
The benefit provisions stated in the previous paragraphs of this section are current provisions and
apply to active plan participants. Vested, terminated employees who are entitled to benefits but are
not receiving them yet are bound by the provisions in effect at the time they last terminated their
public service.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 142
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
V. OTHER INFORMATION - CONTINUED
PERA issues a publicly available financial report that includes financial statements and required
supplementary information for PERF and PEPFF. That report may be obtained on the Internet at
www.mnpera.org, by writing to PERA, 60 Empire Street, Suite #200,
St. Paul, Minnesota 55103-1855 or by calling (651) 296-7460 or 1-800-652-9026.
2. Funding Policy
Minnesota statutes, chapter 353 sets the rates for employer and employee contributions. These
statutes are established and amended by the State legislature. The City makes annual contributions
to the pension plans equal to the amount required by Minnesota statutes. PERF Basic Plan
members and Coordinated Plan members were required to contribute 9.1 and 6.0 percent,
respectively, of their annual covered salary in 2009. PEPFF members were required to contribute
9.4 percent of their annual covered salary in 2009. The City is required to contribute the following
percentages of annual covered payroll: 11.78 percent for Basic Plan PERF members, 6.75 percent
for Coordinated Plan PERF members and 14.1 percent for PEPFF members. Employer
contribution rates for the Coordinated Plan and PEPFF will increase to 7.00 percent, effective
January 1, 2010. The City’s contributions to PERF and PEPFF for the years ending December 31,
2009, 2008 and 2007 are as follows:
Public Employees Public Employees
Years Ending Retirement Fund Police and Fire Fund
2009 810,447$ 821,953$
2008 764,706 717,181
2007 702,489 611,282
These contribution amounts were equal to the contractually required contributions for each year as
set by Minnesota statutes.
B. Postemployment Benefits Other than Pensions
1. Plan Description
The City of St. Louis Park administers a single-employer defined benefit healthcare plan (“the
Retiree Health Plan”). The plan provides healthcare insurance for eligible retirees and their
eligible dependents through the City’s group health insurance plan, which covers both active and
retired members. There are 249 active participants and 29 retired participants. Benefit provisions
are established through negotiations between the City and the union representing City employees.
The Retiree Health Plan does not issue a publicly available financial report.
2. Funding Policy
Contribution requirements are negotiated between the City and union representatives and
established by Council for non-union groups. For fiscal year 2009, the City contributed $82,847 to
the plan. Plan members receiving benefits contribute 100 percent of their premium costs.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 143
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
V. OTHER INFORMATION - CONTINUED
3. Annual OPEB Cost and Net OPEB Obligation
The City’s annual other postemployment benefit (OPEB) cost (expense) is calculated based on the
annual required contribution of the employer (ARC). The ARC represents a level of funding that,
if paid on an ongoing basis, is projected to cover normal cost each year and to amortize any
unfunded actuarial liabilities (or funding excess) over a period not to exceed thirty years. The
following table shows the components of the City’s annual OPEB cost for the year, the amount
actually contributed to the plan, and changes in the City’s net OPEB obligation to the Retiree
Health Plan:
Annual required contribution 427,519$
Interest on net OPEB obligation 14,793
Adjustment to annual required contribution (21,387)
Annual OPEB cost (expense)420,925
Contributions made (82,847)
Increase in net OPEB obligation 338,078
Net OPEB obligation- beginning of year 369,828
NET OPEB obligating - end of year 707,906$
The City’s annual OPEB cost, the percentage of annual OPEB cost contributed to the plan, and the
net OPEB obligation for fiscal year 2009 and the preceding fiscal year are as follows:
Year Annual Net OPEB
Ending OPEB Cost Obligation
12/31/09 420,925$ (68.2) %707,906$
12/31/08 559,946 34.0 369,828
Trend Information
Percentage
Annual OPEB
Contributed
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 144
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
V. OTHER INFORMATION - CONTINUED
4. Funded Status and Funding Progress
As of January 1, 2009, the estimated actuarial accrued liability for benefits was $3,260,061, all of
which was unfunded. The covered payroll (annual payroll of active employees covered by the
plan) was $16,906,064, and the ratio of the unfunded actuarial accrued liability to the covered
payroll was 19.3 percent.
The projection of future benefit payments for an ongoing plan involves estimates of the value of
reported amounts and assumptions about the probability of occurrence of events far into the future.
Examples include assumptions about future employment, mortality, and the healthcare cost trend.
Amounts determined regarding the funded status of the plan and the annual required contributions
of the employer are subject to continual revision as actual results are compared with past
expectations and new estimates are made about the future. The Schedule of Funding Progress,
presented as required supplementary information following the notes to the financial statements,
presents multi-year trend information about whether the actuarial value of plan assets is increasing
or decreasing over time relative to the actuarial accrued liabilities for benefits.
5. Methods and Assumptions
Projections of benefits for financial reporting purposes are based on the substantive plan (the plan
as understood by the employer and plan members) and include the types of benefits provided at
the time of each valuation and the historical pattern of sharing of benefit costs between the
employer and plan members to that point. The methods and assumptions used include techniques
that are designed to reduce the effects of short-term volatility in actuarial accrued liabilities and
the actuarial value of assets, consistent with the long-term perspective of the calculations.
In the January 1, 2009 actuarial valuation, the projected unit credit actuarial cost method was used.
The actuarial assumptions included a 4.0 percent investment rate of return, which is a blended rate
of the expected long-term investment returns on plan assets and on the employer’s own
investments. The initial healthcare cost trend rate used was 9.5 percent, reduced by decrements to
an ultimate rate of 5 percent after ten years. The unfunded actuarial accrued liability (UAAL) is
being amortized as a level percentage of projected payrolls on an open basis. The remaining
amortization period at December 31, 2009 was thirty years.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 145
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
V. OTHER INFORMATION - CONTINUED
C. Contingencies
Economic Development Authority
The Economic Development Authority (EDA) entered into a development agreement in 1993 with
Park Nicollet for the redevelopment of a former landfill site on Excelsior Boulevard and within the
Excelsior Boulevard tax increment district. A Hazardous Substance Tax Increment financing
subdistrict (HSTI) was also established at this time to pay the costs associated with the
environmental remediation. The development agreement between the EDA and Park Nicollet
established a payment schedule for the EDA to reimburse Park Nicollet from the HSTI tax
increment for the costs of the remediation.
Based upon an initial estimate of $11,050,000 in remediation costs over 30 years, the development
agreement established a cap to the EDA’s share of these costs at $9,000,000. Park Nicollet is
responsible for $2,050,000 and any costs exceeding the total estimate of $11,050,000.
Reimbursements to Park Nicollet are limited to the increment revenue from the HSTI.
Most current costs associated with remediation are estimated at no more than $5,000,000. With
Park Nicollet responsible for the first $1,250,000, the EDA’s liability is estimated to be
$3,750,000. The development agreement stipulates EDA reimbursements to begin in 1998 and
continue through 2011.
Federal and State Funds
The City receives financial assistance from federal and state government agencies in the form of
grants. The disbursement of funds received under these programs generally requires compliance
with the terms and conditions specified in the grant agreements and are subject to audit by the
grantor agencies. Any disallowed claims resulting from such audits could become a liability of the
applicable fund. However, in the opinion of management, any such disallowed claims will not
have a material effect on any of the financial statements of the individual fund types included
herein or on the overall financial position of the City at December 31, 2009.
Tax Increment Districts
The City’s tax increment districts are subject to review by the State of Minnesota Office of the
State Auditor (OSA). Any disallowed claims or misuse of tax increment could become a liability
of an applicable fund. Management has indicated that they are not aware of any instances of
noncompliance which would have a material effect on the financial statements.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 146
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
V. OTHER INFORMATION - CONTINUED
Louisiana Court Project
The City of St. Louis Park has entered into an agreement with Project for Pride in Living
Louisiana Court Limited Partnership to issue $4,505,000 in General Obligation Bonds - Series
2000A for the purpose of acquiring and renovating certain rental housing facilities within the City
of St. Louis Park intended primarily for low and moderate income persons and their families. The
City of St. Louis Park will receive monthly principal and interest payment from Project for Pride
in Living Louisiana Court Limited Partnership to cover all debt service obligations of the City of
St. Louis Park on a semi-annual basis. In the event that the City of St. Louis Park does not receive
payment from Project for Pride in Living, the City of St. Louis Park is still under obligation to
make all debt service payments. At such time, the City of St. Louis Park would pursue collection
of above referenced principal and interest payments per the agreement dated May 1, 2000. As of
December 31, 2009, the outstanding amount on the bonds is $3,870,000.
D. Risk management
The City is exposed to various risks of loss related to torts, theft of, damage to and destruction of
assets; errors and omissions; injuries to employees; and natural disasters.
Property and casualty insurance:
Property and casualty insurance is provided through the League of Minnesota Cities Insurance
Trust (LMCIT), a public entity risk pool currently operating as a common risk management and
insurance program for Minnesota cities: general liability, excess liability property, automobile,
marine, crime, employee dishonesty, boiler, general liability, and open meeting law.
The City pays an annual insurance premium to the LMCIT for its insurance coverage. The LMCIT
is self-sustaining through member premiums and reinsures through commercial companies for
claims in excess of various amounts. The City retains risk for the deductible portions of the
insurance policies. The deductible amounts are $50,000 for each occurrence and a $150,000
annual aggregate.
Current State Statute (Minnesota Statute subd. 466.04) provides limits of liability for the City.
These limits are that the combination of defense expense and indemnification expense shall not
exceed $500,000 in the case of one claimant or $1,500,000 for any number of claims arising out of
a single occurrence.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 147
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
V. OTHER INFORMATION - CONTINUED
Settled claims resulting from these risks have not exceeded insurance coverage in any of the past
three years.
Workers compensation insurance:
Up until December 1, 2003, the City was self-insured on workers compensation coverage up to
maximum claim losses of $280,000. Individual claim amounts in excess of $280,000 are covered
by the State of Minnesota’s Workers Compensation Reinsurance Association (WCRA) as required
by law. The City carried an excess employer’s liability indemnity policy as well as an employer’s
liability policy which limited the City’s exposure. The maximum retention for each accident was
$626,861 under the excess liability policy and $750,000 under the employer’s liability policy.
After December 1, 2003, the City is insured through the League of Minnesota Cities Insurance
Trust (LMCIT) for workers compensation.
The City established the Employee Benefits fund to account for and finance its uninsured risk of
loss related to injuries to employees. Under this program, the Employee Benefits Fund provides
coverage for maximum individual claims losses of $280,000 or $626,861 per accident. Premiums
are paid into the internal service fund by all other funds and are available to pay claims, claim
reserves and administrative costs of the program.
The claims liability of $94,090 reported in the fund at December 31, 2009 is based on the
requirements of Governmental Accounting Standards Board Statement Number 10, which requires
that a liability for claims be reported if information prior to the issuance of the financial statements
and the amount of the loss can be reasonably estimated.
Changes in the claim liability amounts were as follows:
Beginning Claims and End
of Year Changes in Claims of Year
Year Liability Estimates Payments Liability
2009 131,749$ 30,000$ 67,659$ 94,090$
2008 189,785 35,000 93,036 131,749
2007 300,000 45,000 155,215 189,785
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 148
CITY OF ST. LOUIS PARK, MINNESOTA
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2009
V. OTHER INFORMATION - CONTINUED
E. Unallotment of Market Value Homestead Credit
The City receives a portion of its annual General fund revenue from the State of Minnesota from
the Market Value Homestead Credit (MVHC) program. The amount received in 2009 was
$102,402. The State of Minnesota has proposed unallotments calculated as a percent of the total
pay 2009 revenue base. For cities, the revenue base is equal to the certified levy plus certified
local government aid (LGA) plus taconite aid. The proposed unallotments for cities has been
limited to $22 per capita in pay 2009 and $55 per capita in pay 2010. The proposed unallotment
percentages for 2010 are equal to 7.644 percent of the 2009 revenue base for cities.
F. Conduit debt obligations
From time to time, the City has issued Industrial, Hospital or Housing Revenue Bonds to provide
financial assistance to private-sector entities for the acquisition and construction of industrial,
commercial or housing facilities deemed to be in the public interest. The bonds are secured by the
property financed and are payable solely from payments received on the underlying mortgage
loans. Upon repayment of the bonds, ownership of the acquired facilities transfers to the private-
sector entity served by the bond issuance. Neither the City, the State, nor any political subdivision
thereof is obligated in any manner for repayment of the bonds. Accordingly, the bonds are not
reported as liabilities in the accompanying financial statements. As of December 31, 2009, there
were 13 Revenue Bonds issued. The aggregate principal amount payable as of December 31, 2009
is $488,170,000.
G. Subsequent Event
The City awarded the sale of $3,105,000 Taxable General Obligation Refunding Housing
Improvement bonds, series 2010A, dated May 7, 2010. The bonds were issued for construction
improvements to Sunset Ridge Housing. The City also awarded the sale of $5,935,000 General
Obligation bonds, series 2010B, dated May 7, 2010. The bonds were issued for refunding the
2003A General Obligation bonds, refunding the 2001B Storm Sewer Revenue bonds, and for the
construction of new utility projects.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 149
REQUIRED SUPPLEMENTARY
INFORMATION
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 150
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 151
CITY OF ST. LOUIS PARK, MINNESOTA
REQUIRED SUPPLEMENTARY INFORMATION
DECEMBER 31, 2009
Schedule of Funding Progress for the Postemployment Benefit Plan
Unfunded
Actuarial
Actuarial Actuarial Actuarial Accrued
Valuation Value of Accrued Liability Covered
Date Assets Liability (UAAL)Payroll
01/01/09 -$ 3,260,061$ 3,260,061$ - %16,906,064$ 19.3 %
01/01/08 - 5,835,634 5,835,634 - 16,387,992 35.6
Required Supplementary Information
Funded
Ratio
UAAL as a
Percentage
of Covered
Payroll
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 152
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 153
COMBINING AND INDIVIDUAL
FUND FINANCIAL STATEMENTS
AND SCHEDULES
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 154
CITY OF ST. LOUIS PARK, MINNESOTA
NONMAJOR GOVERNMENTAL FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 2009
Special Capital
Revenue Projects Total
ASSETS
Cash and temporary investments 6,835,701$ 3,580,457$ 10,416,158$
Receivables
Accounts 148,853 227,719 376,572
Accrued interest 36,190 17,449 53,639
Special assessments
Delinquent 9,087 - 9,087
Deferred 166,680 683 167,363
Due from other governments 151,736 14,900 166,636
TOTAL ASSETS 7,348,247$ 3,841,208$ 11,189,455$
LIABILITIES AND FUND BALANCES
LIABILITIES
Accounts payable 60,103$ 152,350$ 212,453$
Contracts payable - 151,065 151,065
Accrued salaries payable 11,714 - 11,714
Due to other funds 151,488 - 151,488
Due to other governments 32,098 7,458 39,556
Deferred revenue 166,680 683 167,363
TOTAL LIABILITIES 422,083 311,556 733,639
FUND BALANCES
Unreserved
Designated for special revenue programs 6,931,862 - 6,931,862
Designated for capital improvements - 3,529,902 3,529,902
Undesignated (5,698) (250) (5,948)
TOTAL FUND BALANCES 6,926,164 3,529,652 10,455,816
TOTAL LIABILITIES AND FUND BALANCES 7,348,247$ 3,841,208$ 11,189,455$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 155
CITY OF ST. LOUIS PARK, MINNESOTA
NONMAJOR GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES
FOR THE YEAR ENDED DECEMBER 31, 2009
Special Capital
Revenue Projects Total
REVENUES
Taxes
Property -$ 1,110,003$ 1,110,003$
Franchise 581,928 921,147 1,503,075
Intergovernmental
State - 14,900 14,900
Other 235,662 44,702 280,364
Charges for services 57,045 1,291 58,336
Special assessments 202,495 868 203,363
Interest on investments 153,793 90,078 243,871
Miscellaneous 2,756 273,855 276,611
TOTAL REVENUES 1,233,679 2,456,844 3,690,523
EXPENDITURES
Current
Public safety 12,847 21,949 34,796
Public works - 314,706 314,706
Public information 445,146 - 445,146
Culture and recreation - 191,535 191,535
Housing maintenance 128,099 - 128,099
Social and economic development 176,151 - 176,151
Capital outlay
Public safety - 1,294 1,294
Public works - 1,182,428 1,182,428
Public information 295,924 - 295,924
Culture and recreation - 1,249,926 1,249,926
TOTAL EXPENDITURES 1,058,167 2,961,838 4,020,005
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 175,512 (504,994) (329,482)
OTHER FINANCING SOURCES (USES)
Transfers in - 130,669 130,669
Transfers out (569,669) (472,810) (1,042,479)
TOTAL OTHER FINANCING SOURCES (USES)(569,669) (342,141) (911,810)
NET CHANGE IN FUND BALANCES (394,157) (847,135) (1,241,292)
FUND BALANCES, JANUARY 1 7,320,321 4,376,787 11,697,108
FUND BALANCES, DECEMBER 31 6,926,164$ 3,529,652$ 10,455,816$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 156
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 157
CITY OF ST. LOUIS PARK, MINNESOTA
NONMAJOR SPECIAL REVENUE FUNDS
Cable Television Fund - to account for revenues received from franchise fees and expenditures
related to regulation of the privately owned cable television company.
Community Development Fund - to account for funds received under Title I of the Housing and
Community Development Act of 1974.
Special Service District Funds - to account for the operations of Special Service Districts.
Revenues are received from each district’s property owners and are used to provide additional
services, primarily snow removal, within each District.
Police & Fire Pensions Fund - accounts for the funds received by the Police and Fire department
for pension refunds. These funds must be used for specific police and fire purposes.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 158
CITY OF ST. LOUIS PARK, MINNESOTA
NONMAJOR SPECIAL REVENUE GOVERNMENTAL FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 2009
2600 2650
Special
Cable Community Service
Television Development Districts
ASSETS
Cash and temporary investments 1,235,429$ 32,052$ 355,066$
Receivables
Accounts 142,632 - 6,221
Accrued interest 7,060 - 1,552
Special assessments
Delinquent - - 9,087
Deferred - - 166,680
Due from other governments - 151,736 -
TOTAL ASSETS 1,385,121$ 183,788$ 538,606$
LIABILITIES AND FUND BALANCES (DEFICITS)
LIABILITIES
Accounts payable 20,355$ 5,946$ 33,802$
Accrued salaries payable 11,714 - -
Due to other funds - 151,488 -
Due to other governments 46 32,052 -
Deferred revenue - - 166,680
TOTAL LIABILITIES 32,115 189,486 200,482
FUND BALANCES (DEFICITS)
Unreserved
Designated for special revenue programs 1,353,006 - 338,124
Undesignated - (5,698) -
TOTAL FUND BALANCES (DEFICITS)1,353,006 (5,698) 338,124
TOTAL LIABILITIES AND
FUND BALANCES (DEFICITS)1,385,121$ 183,788$ 538,606$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 159
2900
Police
& Fire
Pensions Total
5,213,154$ 6,835,701$
- 148,853
27,578 36,190
- 9,087
- 166,680
- 151,736
5,240,732$ 7,348,247$
-$ 60,103$
- 11,714
- 151,488
- 32,098
- 166,680
- 422,083
5,240,732 6,931,862
- (5,698)
5,240,732 6,926,164
5,240,732$ 7,348,247$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 160
CITY OF ST. LOUIS PARK, MINNESOTA
NONMAJOR SPECIAL REVENUE GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES (DEFICITS)
FOR THE YEAR ENDED DECEMBER 31, 2009
2600 2650
Special
Cable Community Service
Television Development Districts
REVENUES
Franchise taxes 581,928$ -$ -$
Intergovernmental
Other - 235,662 -
Charges for services - - 57,045
Special assessments - - 202,495
Interest on investments 33,172 404 6,016
Miscellaneous 1,759 - 997
TOTAL REVENUES 616,859 236,066 266,553
EXPENDITURES
Current
Public safety
Supplies - - -
Other services and charges - - -
Public information
Personal services 336,380 - -
Supplies 23,133 - -
Other services and charges 85,633 - -
Housing maintenance
Personal services - 13,050 -
Other services and charges - 115,049 -
Social and economic development
Supplies - - 21,410
Other services and charges - - 154,741
Capital outlay
Public information 295,924 - -
TOTAL EXPENDITURES 741,070 128,099 176,151
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (124,211) 107,967 90,402
OTHER FINANCING USES
Transfers out (155,000) (107,097) -
NET CHANGE IN FUND BALANCES (279,211) 870 90,402
FUND BALANCES (DEFICITS), JANUARY 1 1,632,217 (6,568) 247,722
FUND BALANCES (DEFICITS), DECEMBER 31 1,353,006$ (5,698)$ 338,124$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 161
2900
Police
& Fire
Pensions Total
-$ 581,928$
- 235,662
- 57,045
- 202,495
114,201 153,793
- 2,756
114,201 1,233,679
3,933 3,933
8,914 8,914
- 336,380
- 23,133
- 85,633
- 13,050
- 115,049
- 21,410
- 154,741
- 295,924
12,847 1,058,167
101,354 175,512
(307,572) (569,669)
(206,218) (394,157)
5,446,950 7,320,321
5,240,732$ 6,926,164$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 162
CITY OF ST. LOUIS PARK, MINNESOTA
CABLE TELEVISION FUND
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Actual Amounts For The Year Ended December 31, 2008)
2008
Variance with
Final Budget -
Actual Positive Actual
Original Final Amounts (Negative)Amounts
REVENUES
Franchise taxes 500,000$ 500,000$ 581,928$ 81,928$ 585,800$
Interest on investments 80,000 80,000 33,172 (46,828) 53,890
Miscellaneous - - 1,759 1,759 2,363
TOTAL REVENUES 580,000 580,000 616,859 36,859 642,053
EXPENDITURES
Public information
Current
Personal services 336,000 336,000 336,380 (380) 323,364
Supplies 16,000 16,000 23,133 (7,133) 6,738
Other services and charges 151,500 151,500 85,633 65,867 85,507
Capital outlay - - 295,924 (295,924) -
TOTAL EXPENDITURES 503,500 503,500 741,070 (237,570) 415,609
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 76,500 76,500 (124,211) (200,711) 226,444
OTHER FINANCING USES
Transfers out (155,063) (155,063) (155,000) 63 (155,063)
NET CHANGE IN FUND BALANCES (78,563) (78,563) (279,211) (200,648) 71,381
FUND BALANCES, JANUARY 1 1,632,217 1,632,217 1,632,217 - 1,560,836
FUND BALANCES, DECEMBER 31 1,553,654$ 1,553,654$ 1,353,006$ (200,648)$ 1,632,217$
Budgeted Amounts
2009
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 163
CITY OF ST. LOUIS PARK, MINNESOTA
NONMAJOR CAPITAL PROJECT FUNDS
Municipal Building Fund - To account for the financing of land acquisition and construction of
municipal buildings and facilities. Revenues are provided by transfers from the General Fund, or
by the sale of general obligation bonds to finance major construction projects.
Fire Station Bonds - To account for the financing of land acquisition and construction of a two
new fire stations. Revenues will be provided from other City funds and property tax levies.
Park Improvement Fund - To account for the financing of land acquisition and development for
park purposes. Revenues are provided by St. Louis Park School District contribution, interest
earnings, rent, sale of property, and a property tax levy.
Pavement Management Fund - To account for the financing of street rehabilitation. Revenues
are provided by a franchise fee and transfers from the Sanitary Sewer Utility and Water Utility
Funds.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 164
CITY OF ST. LOUIS PARK, MINNESOTA
NONMAJOR CAPITAL PROJECTS GOVERNMENTAL FUNDS
COMBINING BALANCE SHEET
DECEMBER 31, 2009
4020 4040 4065 4500
Municipal Fire Station Park Pavement
Building Bonds Improvement Management
ASSETS
Cash and temporary investments -$ 49$ 2,150,416$ 1,429,992$
Receivables
Accounts - - - 227,719
Accrued interest - - 10,421 7,028
Special assessments
Deferred - - 153 530
Due from other governments - - 14,900 -
TOTAL ASSETS -$ 49$ 2,175,890$ 1,665,269$
LIABILITIES AND FUND BALANCES (DEFICITS)
LIABILITIES
Accounts payable -$ 299$ 152,051$ -$
Contracts payable - - 28,518 122,547
Due to other governments - - 7,394 64
Deferred revenue - - 153 530
TOTAL LIABILITIES - 299 188,116 123,141
FUND BALANCES (DEFICITS)
Unreserved
Designated for capital improvements - - 1,987,774 1,542,128
Undesignated - (250) - -
TOTAL FUND BALANCES (DEFICITS)- (250) 1,987,774 1,542,128
TOTAL LIABILITIES AND
FUND BALANCES (DEFICITS)-$ 49$ 2,175,890$ 1,665,269$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 165
Total
3,580,457$
227,719
17,449
683
14,900
3,841,208$
152,350$
151,065
7,458
683
311,556
3,529,902
(250)
3,529,652
3,841,208$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 166
CITY OF ST. LOUIS PARK, MINNESOTA
NONMAJOR CAPITAL PROJECTS GOVERNMENTAL FUNDS
COMBINING STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES (DEFICITS)
FOR THE YEAR ENDED DECEMBER 31, 2009
4020 4040 4065 4500
Municipal Fire Station Park Pavement
Building Bonds Improvement Management
REVENUES
Taxes
Property -$ -$ 695,000$ 415,003$
Franchise - - - 921,147
Intergovernmental
State - - 14,900 -
Other - - 44,702 -
Charges for services - - - 1,291
Special assessments - - - 868
Interest on investments - 48 46,729 43,301
Miscellaneous - - 273,855 -
TOTAL REVENUES - 48 1,075,186 1,381,610
EXPENDITURES
Current
Public safety - 21,949 - -
Public works - - - 314,706
Culture and recreation - - 191,535 -
Capital outlay
Public safety - 1,294 - -
Public works - - - 1,182,428
Culture and recreation - - 1,249,926 -
TOTAL EXPENDITURES - 23,243 1,441,461 1,497,134
DEFICIENCY OF REVENUES
UNDER EXPENDITURES - (23,195) (366,275) (115,524)
OTHER FINANCING SOURCES (USES)
Transfers in - 23,572 107,097 -
Transfers out (472,810) - - -
TOTAL OTHER FINANCING
SOURCES (USES)(472,810) 23,572 107,097 -
NET CHANGE IN FUND BALANCES (472,810) 377 (259,178) (115,524)
FUND BALANCES (DEFICITS), JANUARY 1 472,810 (627) 2,246,952 1,657,652
FUND BALANCES (DEFICITS), DECEMBER 31 -$ (250)$ 1,987,774$ 1,542,128$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 167
Total
1,110,003$
921,147
14,900
44,702
1,291
868
90,078
273,855
2,456,844
21,949
314,706
191,535
1,294
1,182,428
1,249,926
2,961,838
(504,994)
130,669
(472,810)
(342,141)
(847,135)
4,376,787
3,529,652$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 168
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 169
OTHER REPORTS
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 170
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 171
CITY OF ST. LOUIS PARK, MINNESOTA
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET - CONTINUED ON THE FOLLOWING PAGES
DECEMBER 31, 2009
3880 3890 3870 3860
2008B 2005B
General 2005A General
Obligation General Obligation Tax
Tax Increment Obligation Increment
Hoigaard's Bond Bond Refunding
ASSETS
Cash and temporary investments -$ 346,781$ 521,638$ -$
Accrued interest - 1,811 1,896 -
Loan receivable - current - - - -
Loan receivable - noncurrent - - - -
TOTAL ASSETS -$ 348,592$ 523,534$ -$
LIABILITIES AND FUND BALANCES (DEFICITS)
LIABILITIES
Accounts payable -$ -$ -$ -$
Due to other funds 52,838 - - -
Deferred revenue - - - -
TOTAL LIABILITIES 52,838 - - -
FUND BALANCES (DEFICITS)
Reserved for debt service (52,838) 348,592 523,534 -
TOTAL LIABILITIES AND
FUND BALANCES (DEFICITS)-$ 348,592$ 523,534$ -$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 172
CITY OF ST. LOUIS PARK, MINNESOTA
DEBT SERVICE FUNDS
COMBINING BALANCE SHEET - CONTINUED
DECEMBER 31, 2009
3850 3450 3840 3830
2004 2002A 2001A
General 2003 General General
Obligation Tax General Obligation Tax Obligation Tax
Increment Obligation Increment Increment
Refunding Bond Refunding Refunding
ASSETS
Cash and temporary investments 7,706$ 506,693$ -$ -$
Accrued interest - 1,783 - -
Loan receivable - current - - - -
Loan receivable - noncurrent - - - -
TOTAL ASSETS 7,706$ 508,476$ -$ -$
LIABILITIES AND FUND BALANCES (DEFICITS)
LIABILITIES
Accounts payable -$ -$ -$ -$
Due to other funds - - - -
Deferred revenue - - - -
TOTAL LIABILITIES - - - -
FUND BALANCES (DEFICITS)
Reserved for debt service 7,706 508,476 - -
TOTAL LIABILITIES AND
FUND BALANCES (DEFICITS)7,706$ 508,476$ -$ -$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 173
3835 3600 3610 3400
2009A
General 2000 2000 1999
Obligation Tax General General General
Increment Obligation Obligation Obligation
Refunding Bond Reserve Bond Bond Total
5,147$ 325,000$ 185,726$ 348,461$ 2,247,152$
- - - 1,266 6,756
- - 100,000 - 100,000
- - 3,770,000 - 3,770,000
5,147$ 325,000$ 4,055,726$ 349,727$ 6,123,908$
-$ -$ -$ 3,000$ 3,000$
- - - - 52,838
- - 3,870,000 - 3,870,000
- - 3,870,000 3,000 3,925,838
5,147 325,000 185,726 346,727 2,198,070
5,147$ 325,000$ 4,055,726$ 349,727$ 6,123,908$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 174
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 175
CITY OF ST. LOUIS PARK, MINNESOTA
DEBT SERVICE FUNDS
COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES (DEFICITS) - CONTINUED ON THE FOLLOWING PAGES
FOR THE YEAR ENDED DECEMBER 31, 2009
3880 3890 3870 3860
2008B 2005B
General 2005A General
Obligation General Obligation Tax
Tax Increment Obligation Increment
Hoigaard's Bond Bond Refunding
REVENUES
Property taxes -$ -$ 496,700$ -$
Interest on investments 216 11,983 3,551 -
Miscellaneous - - - -
TOTAL REVENUES 216 11,983 500,251 -
EXPENDITURES
Debt service
Principal 39,000 - 355,000 825,000
Interest 308,966 143,707 109,303 20,650
TOTAL EXPENDITURES 347,966 143,707 464,303 845,650
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (347,750) (131,724) 35,948 (845,650)
OTHER FINANCING SOURCES (USES)
Transfers in - - - -
Issuance of debt - - - -
Premium on bonds - - - -
Principal payments to refunded bond escrow agent - - - -
Costs paid to refunded bond escrow agent - - - -
Transfers out - - - (204,235)
TOTAL OTHER FINANCING
SOURCES (USES)- - - (204,235)
NET CHANGE IN FUND BALANCES (347,750) (131,724) 35,948 (1,049,885)
FUND BALANCES, JANUARY 1 294,912 480,316 487,586 1,049,885
FUND BALANCES (DEFICITS), DECEMBER 31 (52,838)$ 348,592$ 523,534$ -$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 176
CITY OF ST. LOUIS PARK, MINNESOTA
DEBT SERVICE FUNDS
COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES (DEFICITS) - CONTINUED
FOR THE YEAR ENDED DECEMBER 31, 2009
3850 3450 3840 3830
2004 2002A 2001A
General 2003 General General
Obligation Tax General Obligation Tax Obligation Tax
Increment Obligation Increment Increment
Refunding Bond Refunding Refunding
REVENUES
Property taxes -$ 517,400$ -$ -$
Interest on investments 14 2,703 600 1,628
Miscellaneous - - - -
TOTAL REVENUES 14 520,103 600 1,628
EXPENDITURES
Debt service
Principal 510,000 400,000 1,260,000 450,000
Interest 186,230 86,482 50,941 146,879
TOTAL EXPENDITURES 696,230 486,482 1,310,941 596,879
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (696,216) 33,621 (1,310,341) (595,251)
OTHER FINANCING SOURCES (USES)
Transfers in 3,961,339 - 1,209,543 -
Issuance of debt - - - 2,000,000
Premium on bonds - - - 10,202
Principal payments to refunded bond escrow agent (4,110,000) - - (1,935,000)
Costs paid to refunded bond escrow agent (199,425) - - -
Transfers out - - (1,221) (138,503)
TOTAL OTHER FINANCING
SOURCES (USES)(348,086) - 1,208,322 (63,301)
NET CHANGE IN FUND BALANCES (1,044,302) 33,621 (102,019) (658,552)
FUND BALANCES, JANUARY 1 1,052,008 474,855 102,019 658,552
FUND BALANCES (DEFICITS), DECEMBER 31 7,706$ 508,476$ -$ -$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 177
3835 3600 3610 3400
2009A
General 2000 2000 1999
Obligation Tax General General General
Increment Obligation Obligation Obligation
Refunding Bond Reserve Bond Bond Total
-$ -$ -$ 332,900$ 1,347,000$
12 829 469 2,064 24,069
- - 318,134 - 318,134
12 829 318,603 334,964 1,689,203
500,000 - 95,000 275,000 4,709,000
6,181 - 227,114 36,024 1,322,477
506,181 - 322,114 311,024 6,031,477
(506,169) 829 (3,511) 23,940 (4,342,274)
511,316 - 829 - 5,683,027
- - - - 2,000,000
- - - - 10,202
- - - - (6,045,000)
- - - - (199,425)
- (829) - - (344,788)
511,316 (829) 829 - 1,104,016
5,147 - (2,682) 23,940 (3,238,258)
- 325,000 188,408 322,787 5,436,328
5,147$ 325,000$ 185,726$ 346,727$ 2,198,070$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 178
CITY OF ST. LOUIS PARK, MINNESOTA
REDEVELOPMENT DISTRICT GOVERNMENTAL FUNDS
COMBINING BALANCE SHEET - CONTINUED ON THE FOLLOWING PAGES
DECEMBER 31, 2009
4780 4798 4800
Duke West HRA Oak Park
End TIF Levy Village
ASSETS
Cash and temporary investments -$ 5,007,498$ -$
Receivables
Unremitted tax collections - 7,894 -
Delinquent taxes - 19,802 -
Accounts - - -
Accrued interest 3,165 24,610 -
Due from other funds - - -
TOTAL ASSETS 3,165$ 5,059,804$ -$
LIABILITIES AND FUND BALANCES (DEFICITS)
LIABILITIES
Accounts payable 1,901$ 3,000$ -$
Deposits payable - - -
Due to other funds 379,088 - -
Due to other governments 364 - -
Deferred revenue - 19,802 -
TOTAL LIABILITIES 381,353 22,802 -
FUND BALANCES (DEFICITS)
Unreserved
Designated for redevelopment (378,188) 5,037,002 -
TOTAL LIABILITIES AND
FUND BALANCES (DEFICITS)3,165$ 5,059,804$ -$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 179
4805 4855 4865 4870 4875 4880
CSM
Excelsior Trunk Victoria Park Center TIF
Boulevard Highway 7 HSTI Ponds Housing District
-$ 205,495$ 91,843$ 87,702$ 898,426$ 326,762$
- 12,182 5,209 4,028 - 2,260
- - - - - -
- 3,568 - - - -
- 1,110 324 648 4,511 1,041
- - - - - -
-$ 222,355$ 97,376$ 92,378$ 902,937$ 330,063$
-$ -$ -$ -$ -$ -$
- - - - - -
- - - - 131,100 -
- 68,066 - 950 477 926
- - - - - -
- 68,066 - 950 131,577 926
- 154,289 97,376 91,428 771,360 329,137
-$ 222,355$ 97,376$ 92,378$ 902,937$ 330,063$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 180
CITY OF ST. LOUIS PARK, MINNESOTA
REDEVELOPMENT DISTRICT GOVERNMENTAL FUNDS
COMBINING BALANCE SHEET - CONTINUED
DECEMBER 31, 2009
4900 4920 4930
Mill City Park Commons Edgewood
TIF TIF TIF
District District District
ASSETS
Cash and temporary investments 206,822$ 407,263$ 35,815$
Receivables
Unremitted tax collections - 15,938 -
Delinquent taxes - - -
Accounts - - -
Accrued interest 702 - 73
Due from other funds - - -
TOTAL ASSETS 207,524$ 423,201$ 35,888$
LIABILITIES AND FUND BALANCES (DEFICITS)
LIABILITIES
Accounts payable -$ 2,000$ -$
Deposits payable - - -
Due to other funds - - -
Due to other governments 575 3,636 419
Deferred revenue - - -
TOTAL LIABILITIES 575 5,636 419
FUND BALANCES (DEFICITS)
Unreserved
Designated for redevelopment 206,949 417,565 35,469
TOTAL LIABILITIES AND
FUND BALANCES (DEFICITS)207,524$ 423,201$ 35,888$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 181
4940 4950 4965 4970 4980
Wolfe Lake Highway 7
Elmwood TIF Aquila Business
Village District Commons Hoigaard's Center Total
511,917$ 75,898$ 100,313$ 11,329$ 10,751$ 7,977,834$
42,177 - 158 - - 89,846
- - - - - 19,802
- - - - - 3,568
951 186 159 61 - 37,541
52,838 - - - - 52,838
607,883$ 76,084$ 100,630$ 11,390$ 10,751$ 8,181,429$
4,018$ -$ -$ 380$ -$ 11,299$
- - - 812,348 - 812,348
- - - 350,376 - 860,564
2,074 478 775 - 508 79,248
- - - - - 19,802
6,092 478 775 1,163,104 508 1,783,261
601,791 75,606 99,855 (1,151,714) 10,243 6,398,168
607,883$ 76,084$ 100,630$ 11,390$ 10,751$ 8,181,429$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 182
CITY OF ST. LOUIS PARK, MINNESOTA
REDEVELOPMENT DISTRICT GOVERNMENTAL FUNDS
COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES (DEFICITS) - CONTINUED ON THE FOLLOWING PAGES
FOR THE YEAR ENDED DECEMBER 31, 2009
4780 4798 4800
Duke West HRA Oak Park
End TIF Levy Village
REVENUES
Property taxes -$ -$ 7,135$
Tax increments - 989,407 210,969
Intergovernmental
State - 30,856 -
Interest on investments 27,603 99,690 -
TOTAL REVENUES 27,603 1,119,953 218,104
EXPENDITURES
Current
Social and economic development 839 53,761 -
Capital outlay
Social and economic development 24,839 - -
TOTAL EXPENDITURES 25,678 53,761 -
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 1,925 1,066,192 218,104
OTHER FINANCING SOURCES (USES)
Transfers in - - 22,346
Transfers out (1,356,317) - (539,754)
TOTAL OTHER FINANCING
SOURCES (USES)(1,356,317) - (517,408)
NET CHANGES IN FUND BALANCES (1,354,392) 1,066,192 (299,304)
FUND BALANCES (DEFICITS), JANUARY 1 976,204 3,970,810 299,304
FUND BALANCES (DEFICITS), DECEMBER 31 (378,188)$ 5,037,002$ -$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 183
4805 4855 4865 4870 4875 4880
CSM
Excelsior Trunk Victoria Park Center TIF
Boulevard Highway 7 HSTI Ponds Housing District
-$ -$ -$ -$ -$ -$
1,215,876 1,065,572 93,074 399,553 124,220 381,354
- - - 4,560 - 7,983
- 62,621 927 1,278 18,689 2,990
1,215,876 1,128,193 94,001 405,391 142,909 392,327
1,467,756 9,625 88,284 154,195 2,140 351,361
- - - - - -
1,467,756 9,625 88,284 154,195 2,140 351,361
(251,880) 1,118,568 5,717 251,196 140,769 40,966
103,819 82,270 - - - -
(3,670,018) (1,336,902) - - - -
(3,566,199) (1,254,632) - - - -
(3,818,079) (136,064) 5,717 251,196 140,769 40,966
3,818,079 290,353 91,659 (159,768) 630,591 288,171
-$ 154,289$ 97,376$ 91,428$ 771,360$ 329,137$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 184
CITY OF ST. LOUIS PARK, MINNESOTA
REDEVELOPMENT DISTRICT GOVERNMENTAL FUNDS
COMBINING SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES (DEFICITS) - CONTINUED
FOR THE YEAR ENDED DECEMBER 31, 2009
4900 4920 4930
Mill City Park Commons Edgewood
TIF TIF TIF
District District District
REVENUES
Property taxes -$ -$ -$
Tax increments 222,462 1,673,121 66,609
Intergovernmental
State - 22,172 -
Interest on investments 2,202 - 75
TOTAL REVENUES 224,664 1,695,293 66,684
EXPENDITURES
Current
Social and economic development 208,362 1,807,589 63,511
Capital outlay
Social and economic development - - -
TOTAL EXPENDITURES 208,362 1,807,589 63,511
EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES 16,302 (112,296) 3,173
OTHER FINANCING SOURCES (USES)
Transfers in - - -
Transfers out - - -
TOTAL OTHER FINANCING
SOURCES (USES)- - -
NET CHANGES IN FUND BALANCES 16,302 (112,296) 3,173
FUND BALANCES (DEFICITS), JANUARY 1 190,647 529,861 32,296
FUND BALANCES (DEFICITS), DECEMBER 31 206,949$ 417,565$ 35,469$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 185
4940 4950 4965 4970 4980
Wolfe Lake Highway 7
Elmwood TIF Aquila Business
Village District Commons Hoigaard's Center Total
-$ -$ -$ -$ -$ 7,135$
938,562 123,027 189,247 - 153,151 7,846,204
20,978 - 11,561 48,432 - 146,542
1,279 356 141 82 - 217,933
960,819 123,383 200,949 48,514 153,151 8,217,814
460,989 118,281 135,455 2,800 167,929 5,092,877
- - - - - 24,839
460,989 118,281 135,455 2,800 167,929 5,117,716
499,830 5,102 65,494 45,714 (14,778) 3,100,098
- - - - - 208,435
- - - - - (6,902,991)
- - - - - (6,694,556)
499,830 5,102 65,494 45,714 (14,778) (3,594,458)
101,961 70,504 34,361 (1,197,428) 25,021 9,992,626
601,791$ 75,606$ 99,855$ (1,151,714)$ 10,243$ 6,398,168$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 186
CITY OF ST. LOUIS PARK, MINNESOTA
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF NET ASSETS (LIABILITIES)
DECEMBER 31, 2009 AND 2008
2009 2008 2009 2008
ASSETS
CURRENT ASSETS
Cash and temporary investments -$ 1,104$ 557,833$ 824,894$
Receivables
Accounts - 14,299 - -
Accrued interest 6,766 1,695 2,985 5,132
Deposits 31,000 31,000 - -
Due from other governments - - 93,908 -
Prepaid items 245,935 258,625 80,537 70,996
TOTAL CURRENT ASSETS 283,701 306,723 735,263 901,022
NONCURRENT ASSETS
Capital assets, at cost
Machinery and equipment - - - -
Furniture and equipment - - - -
Fleet - - - -
Construction in progress - - - -
Total capital assets, at cost - - - -
Less accumulated depreciation - - - -
NET NONCURRENT ASSETS - - - -
TOTAL ASSETS 283,701 306,723 735,263 901,022
LIABILITIES
CURRENT LIABILITIES
Accounts payable 14,329 22,350 3,970 77,743
Contracts payable - - - -
Accrued flex spending 34,362 34,929 - -
Accrued salaries payable 3,305 3,186 - -
Due to other funds 197,250 309,917 - -
Due to other governments 26,282 24,099 - -
Compensated absences payable 2,258,671 2,210,038 - -
TOTAL CURRENT LIABILITIES 2,534,199 2,604,519 3,970 77,743
NONCURRENT LIABILITIES
Compensated absences payable 968,002 947,159 - -
Other postemployment benefits payable 673,620 351,686 - -
TOTAL NONCURRENT LIABILITIES 1,641,622 1,298,845 - -
TOTAL LIABILITIES 4,175,821 3,903,364 3,970 77,743
NET ASSETS (LIABILITIES)
Invested in capital assets - - - -
Unrestricted (3,892,120) (3,596,641) 731,293 823,279
TOTAL NET ASSETS (LIABILITIES)(3,892,120)$ (3,596,641)$ 731,293$ 823,279$
Employee Flex Spending Uninsured Loss
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 187
2009 2008 2009 2008 2009 2008
-$ 2,132,305$ 2,949,287$ 497,126$ 3,507,120$ 3,455,429$
- - - - - 14,299
- 13,219 12,093 2,635 21,844 22,681
- - - - 31,000 31,000
- - - - 93,908 -
- - - 4,026 326,472 333,647
- 2,145,524 2,961,380 503,787 3,980,344 3,857,056
- 3,347,058 3,337,956 - 3,337,956 3,347,058
- - 1,641,829 1,100,149 1,641,829 1,100,149
- 6,371,985 6,335,322 - 6,335,322 6,371,985
- - 5,422,433 37,029 5,422,433 37,029
- 9,719,043 16,737,540 1,137,178 16,737,540 10,856,221
- (4,360,897) (5,173,744) (459,926) (5,173,744) (4,820,823)
- 5,358,146 11,563,796 677,252 11,563,796 6,035,398
- 7,503,670 14,525,176 1,181,039 15,544,140 9,892,454
- 39,468 202,524 20,346 220,823 159,907
- - 829,630 - 829,630 -
- - - - 34,362 34,929
- - - - 3,305 3,186
- - - - 197,250 309,917
- 506 1,179 221 27,461 24,826
- - - - 2,258,671 2,210,038
- 39,974 1,033,333 20,567 3,571,502 2,742,803
- - - - 968,002 947,159
- - - - 673,620 351,686
- - - - 1,641,622 1,298,845
- 39,974 1,033,333 20,567 5,213,124 4,041,648
- 5,358,146 11,563,796 677,252 11,563,796 6,035,398
- 2,105,550 1,928,047 483,220 (1,232,780) (184,592)
-$ 7,463,696$ 13,491,843$ 1,160,472$ 10,331,016$ 5,850,806$
Capital Replacement TotalsEquipment Replacement
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 188
CITY OF ST. LOUIS PARK, MINNESOTA
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF REVENUES, EXPENSES AND
CHANGES IN FUND NET ASSETS (LIABILITIES)
FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008
2009 2008 2009 2008
OPERATING REVENUES
Charges for services -$ -$ -$ -$
Other 41,652 53,055 - -
TOTAL OPERATING REVENUES 41,652 53,055 - -
OPERATING EXPENSES
Personal services 569,958 692,767 13,660 13,237
Supplies - - - -
Professional services 17,180 12,291 - -
Insurance - - 951 660
Depreciation - - - -
Other 78,983 81,022 175,651 110,381
TOTAL OPERATING EXPENSES 666,121 786,080 190,262 124,278
OPERATING LOSS (624,469) (733,025) (190,262) (124,278)
NONOPERATING REVENUES
Interest on investments 28,955 17,567 15,224 30,507
Intergovernmental - - - -
Miscellaneous revenues 35 819 97,895 34,952
Net gain on disposal of asset - - - -
TOTAL NONOPERATING
REVENUE 28,990 18,386 113,119 65,459
INCOME (LOSS) BEFORE TRANSFERS (595,479) (714,639) (77,143) (58,819)
TRANSFERS IN 300,000 - - -
TRANSFERS OUT - - (14,843) (22,131)
CHANGE IN NET ASSETS (295,479) (714,639) (91,986) (80,950)
NET ASSETS (LIABILITIES), JANUARY 1 (3,596,641) (2,882,002) 823,279 904,229
NET ASSETS (LIABILITIES), DECEMBER 31 (3,892,120)$ (3,596,641)$ 731,293$ 823,279$
Employee Flex Spending Uninsured Loss
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 189
2009 2008 2009 2008 2009 2008
-$ 616,732$ 626,983$ -$ 626,983$ 616,732$
- - 6,089 6,089 47,741 59,144
- 616,732 633,072 6,089 674,724 675,876
- - - - 583,618 706,004
- 60,246 181,423 209,596 181,423 269,842
- - 152,922 27 170,102 12,318
- - - - 951 660
- 757,794 984,996 129,197 984,996 886,991
- 308 143,968 1,363 398,602 193,074
- 818,348 1,463,309 340,183 2,319,692 2,068,889
- (201,616) (830,237) (334,094) (1,644,968) (1,393,013)
- 79,002 49,827 15,928 94,006 143,004
- 102,463 - - - 102,463
- - - 1,000 97,930 36,771
- 111,982 91,148 - 91,148 111,982
- 293,447 140,975 16,928 283,084 394,220
- 91,831 (689,262) (317,166) (1,361,884) (998,793)
- - 13,020,633 82,060 13,320,633 82,060
(7,463,696) - - - (7,478,539) (22,131)
(7,463,696) 91,831 12,331,371 (235,106) 4,480,210 (938,864)
7,463,696 7,371,865 1,160,472 1,395,578 5,850,806 6,789,670
-$ 7,463,696$ 13,491,843$ 1,160,472$ 10,331,016$ 5,850,806$
Capital Replacement TotalsEquipment Replacement
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 190
CITY OF ST. LOUIS PARK, MINNESOTA
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF CASH FLOWS - CONTINUED ON THE FOLLOWING PAGES
FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008
2009 2008 2009 2008
CASH FLOWS FROM OPERATING ACTIVITIES
Receipts from interfund services provided 55,951$ 54,517$ -$ -$
Other receipts 35 819 97,895 34,952
Payments to suppliers (91,494) (242,806) (259,916) (28,976)
Payments to employees (178,995) (139,892) (13,660) (13,237)
NET CASH PROVIDED (USED)
BY OPERATING ACTIVITIES (214,503) (327,362) (175,681) (7,261)
CASH FLOWS FROM NONCAPITAL
FINANCING ACTIVITIES
Transfers in 300,000 - - -
Transfers out - - (14,843) (22,131)
Payments (borrowing) on interfund balances (112,667) 218,309 - -
Intergovernmental receipts 2,183 12,800
Intergovernmental payments - (93,908) (165)
NET CASH PROVIDED (USED)
BY NONCAPITAL FINANCING ACTIVITIES 189,516 231,109 (108,751) (22,296)
CASH FLOWS FROM CAPITAL
AND RELATED FINANCING ACTIVITIES
Acquisition and construction of capital assets - - - -
Proceeds from sale of assets - - - -
NET CASH USED BY CAPITAL
AND RELATED FINANCING ACTIVITIES - - - -
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received from investments 23,883 15,871 17,371 34,232
NET INCREASE (DECREASE)
IN CASH AND CASH EQUIVALENTS (1,104) (80,382) (267,061) 4,675
CASH AND CASH EQUIVALENTS, JANUARY 1 1,104 81,486 824,894 820,219
CASH AND CASH EQUIVALENTS, DECEMBER 31 -$ 1,104$ 557,833$ 824,894$
Employee Flex Spending Uninsured Loss
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 191
2009 2008 2009 2008 2009 2008
-$ 616,732$ 633,072$ 6,089$ 689,023$ 677,338$
- - - 1,000 97,930 36,771
(39,468) (27,843) (292,109) (198,012) (682,987) (497,637)
- - - - (192,655) (153,129)
(39,468) 588,889 340,963 (190,923) (88,689) 63,343
- - 7,662,487 82,060 7,962,487 82,060
(2,105,550) - - - (2,120,393) (22,131)
- - - - (112,667) 218,309
102,969 958 221 3,141 115,990
(506) - - - (94,414) (165)
(2,106,056) 102,969 7,663,445 82,281 5,638,154 394,063
- (1,585,254) (5,683,764) (57,517) (5,683,764) (1,642,771)
- 111,982 91,148 - 91,148 111,982
- (1,473,272) (5,592,616) (57,517) (5,592,616) (1,530,789)
13,219 93,402 40,369 21,031 94,842 164,536
(2,132,305) (688,012) 2,452,161 (145,128) 51,691 (908,847)
2,132,305 2,820,317 497,126 642,254 3,455,429 4,364,276
-$ 2,132,305$ 2,949,287$ 497,126$ 3,507,120$ 3,455,429$
Capital Replacement TotalsEquipment Replacement
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 192
CITY OF ST. LOUIS PARK, MINNESOTA
INTERNAL SERVICE FUNDS
COMBINING STATEMENT OF CASH FLOWS - CONTINUED
FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008
2009 2008 2009 2008
RECONCILIATION OF OPERATING LOSS
TO NET CASH PROVIDED (USED) BY OPERATING
ACTIVITIES
Operating loss (624,469)$ (733,025)$ (190,262)$ (124,278)$
Adjustments to reconcile operating loss
to net cash provided (used) by operating activities:
Miscellaneous 35 819 97,895 34,952
Depreciation - - - -
Decrease (increase) in assets
Accounts receivable 14,299 1,462 - -
Prepaid items 12,690 (165,166) (9,541) 10,421
Increase (decrease) in liabilities
Accounts payable (8,021) 15,673 (73,773) 71,644
Contracts payable - - - -
Accrued salaries payable 119 (1,843) - -
Accrued flex spending (566) (3,185) - -
Compensated absences payable 69,476 206,217 - -
Other postemployment benefits payable 321,934 351,686 - -
NET CASH PROVIDED (USED)
BY OPERATING ACTIVITIES (214,503)$ (327,362)$ (175,681)$ (7,261)$
SUPPLEMENTAL SCHEDULE OF NONCASH
CAPITAL AND RELATED FINANCING ACTIVITIES
Capital assets purchased on account -$ -$ -$ -$
Transfer of capital assets from other funds -$ -$ -$ -$
Transfer of capital assets to other funds -$ -$ -$ -$
Employee Flex Spending Uninsured Loss
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 193
2009 2008 2009 2008 2009 2008
-$ (201,616)$ (830,237)$ (334,094)$ (1,644,968)$ (1,393,013)$
- - - 1,000 97,930 36,771
- 757,794 984,996 129,197 984,996 886,991
- - - - 14,299 1,462
- - 4,026 (4,026) 7,175 (158,771)
(39,468) 32,711 182,178 17,000 60,916 137,028
- - - - - -
- - - - 119 (1,843)
- - - - (566) (3,185)
- - - - 69,476 206,217
- - - - 321,934 351,686
(39,468)$ 588,889$ 340,963$ (190,923)$ (88,689)$ 63,343$
-$ -$ 829,630$ -$ 829,630$ -$
-$ -$ 5,358,146$ -$ 5,358,146$ -$
(5,358,146)$ -$ -$ -$ (5,358,146)$ -$
Capital Replacement TotalsEquipment Replacement
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 194
CITY OF ST. LOUIS PARK, MINNESOTA
GENERAL FUND
BALANCE SHEET
DECEMBER 31, 2009
(With Comparative Actual Amounts For The Year Ended December 31, 2008)
2009 2008
ASSETS
Cash and temporary investments 13,651,250$ 13,344,851$
Receivables
Unremitted tax collections 252,009 117,332
Delinquent taxes 483,131 519,667
Accounts 16,084 24,585
Accrued interest 61,747 76,286
Due from other governments 137,711 112,264
Inventory 13,719 13,719
Prepaid items - 15,649
TOTAL ASSETS 14,615,651$ 14,224,353$
LIABILITIES AND FUND BALANCES
LIABILITIES
Accounts payable 436,021$ 446,450$
Accrued salaries payable 662,837 578,018
Contracts payable 14,429 8,055
Due to other governments 61,624 31,720
Deposits payable 795,039 667,614
Deferred revenue 800,719 765,896
TOTAL LIABILITIES 2,770,669 2,497,753
FUND BALANCES
Reserved for
Inventory 13,719 13,719
Prepaid items - 15,649
E-911 funds 558,487 464,925
Unreserved
Designated for cash flow 7,326,638 7,053,590
Undesignated 3,946,138 4,178,717
TOTAL FUND BALANCES 11,844,982 11,726,600
TOTAL LIABILITIES AND FUND BALANCES 14,615,651$ 14,224,353$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 195
CITY OF ST. LOUIS PARK, MINNESOTA
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES COMPARED TO BUDGET - CONTINUED ON THE FOLLOWING PAGES
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Actual Amounts For The Year Ended December 31, 2008)
2008
Variance with
Final Budget
Actual Positive Actual
Original Final Amounts (Negative)Amounts
REVENUES
Taxes
Property taxes 14,970,275$ 14,653,275$ 15,162,792$ 509,517$ 13,235,208$
Licenses and permits
Business regulatory licenses 635,500 635,500 621,104 (14,396) 588,650
Non-business licenses and permits 1,879,500 1,879,500 2,158,063 278,563 3,526,811
Total licenses and permits 2,515,000 2,515,000 2,779,167 264,167 4,115,461
Intergovernmental
Federal government 12,663 12,663 57,225 44,562 53,889
State shared taxes
Highway user tax 490,000 490,000 455,023 (34,977) 440,862
Market value homestead credit - - 4,292 4,292 320,480
Insurance premium tax 650,000 650,000 530,822 (119,178) 547,335
State of Minnesota
Other 60,000 60,000 73,662 13,662 71,463
P.E.R.A.45,205 45,205 45,205 - 45,205
Police training reimbursement 17,000 17,000 20,217 3,217 20,027
School district - - - - 42,780
Other local governments 372,346 372,346 383,863 11,517 361,197
Total intergovernmental 1,647,214 1,647,214 1,570,309 (76,905) 1,903,238
Charges for services
General government 652,200 652,200 624,920 (27,280) 695,954
Public safety 113,700 113,700 81,884 (31,816) 109,652
Public works - signals/lighting 436,000 436,000 328,050 (107,950) 266,223
Culture and recreation - - - - 10,473
Total charges for services 1,201,900 1,201,900 1,034,854 (167,046) 1,082,302
Fines and forfeits
Municipal court 304,000 304,000 318,395 14,395 314,853
Liquor violations 8,000 8,000 6,000 (2,000) 4,000
Property forfeits - - 7,549 7,549 5,999
Miscellaneous violations - - 750 750 -
Total fines and forfeits 312,000 312,000 332,694 20,694 324,852
Interest on investments 350,000 350,000 260,263 (89,737) 358,753
Miscellaneous revenue
Rent of City property 100,000 100,000 100,000 - 100,000
Miscellaneous 2,000 2,000 70,876 68,876 44,223
Total miscellaneous revenue 102,000 102,000 170,876 68,876 144,223
TOTAL REVENUES 21,098,389 20,781,389 21,310,955 529,566 21,164,037
Budgeted Amounts
2009
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 196
CITY OF ST. LOUIS PARK, MINNESOTA
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES COMPARED TO BUDGET - CONTINUED
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Actual Amounts For The Year Ended December 31, 2008)
2008
Variance with
Final Budget
Actual Positive Actual
Original Final Amounts (Negative)Amounts
EXPENDITURES
Current Expenditures
General government
Legislative
Personal services 54,000$ 54,000$ 82,923$ (28,923)$ 86,509$
Other services and charges 250 250 100 150 -
Total 54,250 54,250 83,023 (28,773) 86,509
Administration
Personal services 477,500 477,500 434,735 42,765 439,090
Supplies 3,700 3,700 3,891 (191) 7,114
Other services and charges 455,385 455,385 407,806 47,579 482,065
Total 936,585 936,585 846,432 90,153 928,269
Human resources
Personal services 481,000 481,000 478,862 2,138 463,095
Supplies 2,000 2,000 1,943 57 1,729
Other services and charges 160,550 160,550 102,367 58,183 120,314
Total 643,550 643,550 583,172 60,378 585,138
Communications, marketing and
community outreach
Personal services 261,480 261,480 224,186 37,294 234,480
Supplies 850 850 - 850 473
Other services and charges 112,950 112,950 128,718 (15,768) 159,505
Total 375,280 375,280 352,904 22,376 394,458
Technology and support services
Personal services 575,000 562,500 573,640 (11,140) 568,420
Supplies 30,800 30,800 23,986 6,814 28,566
Other services and charges 877,970 877,970 817,168 60,802 756,359
Total 1,483,770 1,471,270 1,414,794 56,476 1,353,345
Accounting and assessing
Personal services 999,200 937,200 971,763 (34,563) 886,399
Supplies 4,225 4,225 3,562 663 4,747
Other services and charges 163,555 163,555 145,912 17,643 230,152
Total 1,166,980 1,104,980 1,121,237 (16,257) 1,121,298
Budgeted Amounts
2009
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 197
CITY OF ST. LOUIS PARK, MINNESOTA
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES COMPARED TO BUDGET - CONTINUED
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Actual Amounts For The Year Ended December 31, 2008)
2008
Variance with
Final Budget
Actual Positive Actual
Original Final Amounts (Negative)Amounts
Budgeted Amounts
2009
EXPENDITURES - CONTINUED
Current Expenditures - continued
General government - continued
Community development
Personal services 1,047,000$ 1,023,000$ 998,003$ 24,997$ 1,001,970$
Supplies 4,000 4,000 836 3,164 1,103
Other services and charges 56,750 56,750 51,493 5,257 47,114
Total 1,107,750 1,083,750 1,050,332 33,418 1,050,187
Facilities maintenance
Personal services 534,000 534,000 529,197 4,803 497,539
Supplies 131,500 116,500 77,443 39,057 85,177
Other services and charges 537,942 502,942 413,488 89,454 433,478
Total 1,203,442 1,153,442 1,020,128 133,314 1,016,194
Total general government 6,971,607 6,823,107 6,472,022 351,085 6,535,398
Public safety
Police
Personal services 6,572,294 6,546,794 6,440,671 106,123 6,247,853
Supplies 184,175 184,175 114,734 69,441 115,881
Other services and charges 550,553 550,553 398,671 151,882 396,059
Total 7,307,022 7,281,522 6,954,076 327,446 6,759,793
Fire protection
Personal services 2,815,680 2,815,680 2,748,867 66,813 2,614,820
Supplies 76,810 76,810 85,587 (8,777) 96,010
Other services and charges 224,183 224,183 197,255 26,928 205,381
Total 3,116,673 3,116,673 3,031,709 84,964 2,916,211
Inspection services
Personal services 1,941,500 1,915,500 1,820,593 94,907 1,799,202
Supplies 22,300 22,300 11,893 10,407 19,334
Other services and charges 89,627 89,627 85,867 3,760 148,596
Total 2,053,427 2,027,427 1,918,353 109,074 1,967,132
Total public safety 12,477,122 12,425,622 11,904,138 521,484 11,643,136
Public works
Public works administration
Personal services 826,500 826,500 890,841 (64,341) 795,126
Supplies 5,500 5,500 4,319 1,181 2,334
Other services and charges 22,950 22,950 18,416 4,534 27,175
Total 854,950 854,950 913,576 (58,626) 824,635
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 198
CITY OF ST. LOUIS PARK, MINNESOTA
GENERAL FUND
SCHEDULE OF REVENUES, EXPENDITURES AND
CHANGES IN FUND BALANCES COMPARED TO BUDGET - CONTINUED
FOR THE YEAR ENDED DECEMBER 31, 2009
(With Comparative Actual Amounts For The Year Ended December 31, 2008)
2008
Variance with
Final Budget
Actual Positive Actual
Original Final Amounts (Negative)Amounts
Budgeted Amounts
2009
EXPENDITURES - CONTINUED
Current Expenditures - continued
Public works - continued
Engineering
Personal services 845,000$ 845,000$ 739,342$ 105,658$ 716,005$
Supplies 8,050 8,050 3,714 4,336 4,353
Other services and charges 68,750 68,750 53,962 14,788 31,292
Total 921,800 921,800 797,018 124,782 751,650
Public works operations
Personal services 1,217,000 1,217,000 1,226,898 (9,898) 1,203,804
Supplies 374,500 374,500 376,132 (1,632) 420,597
Other services and charges 896,300 896,300 780,427 115,873 727,791
Total 2,487,800 2,487,800 2,383,457 104,343 2,352,192
Total public works 4,264,550 4,264,550 4,094,051 170,499 3,928,477
General services
Other services and charges 180,000 180,000 7,662 172,338 2,653
TOTAL EXPENDITURES 23,893,279 23,693,279 22,477,873 1,215,406 22,109,664
DEFICIENCY OF REVENUES
UNDER EXPENDITURES (2,794,890) (2,911,890) (1,166,918) 1,744,972 (945,627)
OTHER FINANCING SOURCES (USES)
Transfers in 2,628,910 2,678,910 2,685,300 6,390 2,558,321
Transfers out - - (1,400,000) (1,400,000) -
TOTAL OTHER FINANCING
SOURCES (USES)2,628,910 2,678,910 1,285,300 (1,393,610) 2,558,321
NET CHANGE IN FUND BALANCES (165,980) (232,980) 118,382 351,362 1,612,694
FUND BALANCES, JANUARY 1 11,726,600 11,726,600 11,726,600 - 10,113,906
FUND BALANCES, DECEMBER 31 11,560,620$ 11,493,620$ 11,844,982$ 351,362$ 11,726,600$
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 199
SUPPLEMENTARY
INFORMATION
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 200
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 201
SUPPLEMENTARY INFORMATION
2009 2008
REVENUES
Property taxes 21,700,329$ 20,055,308$ 8.20 %
Tax increments 7,846,204 8,371,424 (6.27)
Franchise taxes 1,503,075 1,507,994 (0.33)
Licenses and permits 2,786,032 4,072,753 (31.59)
Intergovernmental 3,867,795 3,894,839 (0.69)
Charges for services 4,228,179 2,424,119 74.42
Fines and forfeitures 332,694 324,512 2.52
Special assessments 800,054 703,484 13.73
Investment income 1,358,170 1,990,854 (31.78)
Miscellaneous 2,615,062 3,591,212 (27.18)
TOTAL REVENUES 47,037,594$ 46,936,499$ (15.15) %
Per capita 996$ 994$
EXPENDITURES
Current
General government 6,472,022$ 6,642,295$ (2.56) %
Public safety 11,949,612 11,744,656 1.75
Public works 4,637,289 4,671,631 (0.74)
Public information 445,146 415,609 7.11
Culture and recreation 6,027,059 6,213,945 (3.01)
Housing and rehabilitation 1,550,264 1,621,099 (4.37)
Housing maintenance 128,099 199,757 (35.87)
Social and economic development 6,241,123 5,162,698 20.89
General services 7,662 2,653 188.81
Capital outlay 10,314,002 9,998,748 3.15
Debt service
Principal retirement 4,709,000 4,485,000 4.99
Interest and fiscal charges 1,322,477 1,365,484 (3.15)
TOTAL EXPENDITURES 53,803,755$ 52,523,575$ 2.44 %
Per capita 1,139$ 1,113$
Total Long-term indebtedness 17,995,000$ 26,710,000$ (32.63) %
Per capita 381$ 566$
General Fund Balance - December 31 11,844,982$ 11,726,600$ 1.01 %
Per capita 251$ 248$
The purpose of this report is to provide a summary of financial information concerning the City of St. Louis Park to
interested citizens. The complete financial statements may be examined at City Hall, 5005 Minnetonka Blvd, St. Louis Park,
Minnesota 55416-2216. Questions about his report should be directed to Brian Swanson, Controller at (952) 924-2500.
(Decrease)
Increase
Percent
Total
YEARS ENDED DECEMBER 31, 2009 AND 2008
CITY OF ST. LOUIS PARK, MINNESOTA
SUMMARY FINANCIAL REPORT
REVENUES AND EXPENDITURES FOR GENERAL OPERATIONS
GOVERNMENTAL FUNDS
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 202
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 203
STATISTICAL SECTION
(Unaudited)
This part of the City of St. Louis Park’s comprehensive annual financial report presents detailed
information as a context for understanding what the information in the financial statements, note
disclosures, and required supplementary information says about the government’s overall financial health.
Contents Page
Financial Trends 168
These schedules contain trend information to help the reader
understand how the government’s financial performance and
well-being have changed over time.
Revenue Capacity 180
These schedules contain information to help the reader assess
the government’s most significant local revenue source, the
property tax.
Debt Capacity 188
These schedules present information to help the reader assess
the affordability of the government’s current levels of out-
standing debt and the government’s ability to issue
additional debt in the future.
Demo graphic and Economic Information 193
These schedules offer demographic and economic indicators
to help the reader understand the environment within which the
government’s financial activities take place.
Operating Information 195
These schedules contain service and infrastructure data to help
the reader understand how the information in the government’s
financial report relates to the services the government provides
and the activities it performs.
Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive
annual financial reports for the relevant year.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 204
CITY OF ST. LOUIS PARK, MINNESOTA
STATISTICAL SECTION (UNAUDITED)
NET ASSETS BY COMPONENT
LAST SEVEN FISCAL YEARS
2003 2004 2005 2006
Governmental activities
Invested in capital assets,
net of related debt 30,320,448$ 38,042,067$ 47,555,983$ 56,843,474$
Restricted 4,118,859 3,928,407 10,841,736 9,340,767
Unrestricted 66,744,367 65,641,642 59,482,664 60,462,334
Total governmental
activities net assets 101,183,674$ 107,612,116$ 117,880,383$ 126,646,575$
Business-type activities
Invested in capital assets,
net of related debt 22,858,489$ 23,516,232$ 25,769,652$ 25,629,760$
Unrestricted 14,045,023 11,741,791 9,119,032 7,514,603
Total business-type
activities net assets 36,903,512$ 35,258,023$ 34,888,684$ 33,144,363$
Total primary government
Invested in capital assets,
net of related debt 53,178,937$ 61,558,299$ 73,325,635$ 82,473,234$
Restricted 4,118,859 3,928,407 10,841,736 9,340,767
Unrestricted 80,789,390 77,383,433 68,601,696 67,976,937
Total primary government 138,087,186$ 142,870,139$ 152,769,067$ 159,790,938$
Note: Net assets are not available for years prior to 2003.
Fiscal Year
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 205
Table 1
2007 2008 2009
74,883,912$ 76,600,774$ 89,252,994$
4,988,282 - -
54,265,656 65,908,328 60,584,731
134,137,850$ 142,509,102$ 149,837,725$
25,644,428$ 27,559,942$ 23,977,469$
7,499,935 6,414,768 6,903,776
33,144,363$ 33,974,710$ 30,881,245$
100,528,340$ 104,160,716$ 113,230,463$
4,988,282 - -
61,765,591 72,323,096 67,488,507
167,282,213$ 176,483,812$ 180,718,970$
Fiscal Year
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 206
CITY OF ST. LOUIS PARK, MINNESOTA
STATISTICAL SECTION (UNAUDITED)
CHANGES IN NET ASSETS - CONTINUED ON THE FOLLOWING PAGES
LAST SEVEN FISCAL YEARS
(accrual basis of accounting)
2003 2004 2005 2006
Expenses
Governmental activities
General government 7,777,663$ 6,580,494$ 6,802,845$ 7,155,916$
Public safety 9,695,943 9,765,605 10,262,906 11,695,841
Public works 8,472,450 4,805,735 5,520,192 6,895,260
Public information 235,749 255,237 262,962 231,124
Culture and recreation 4,724,014 5,477,788 6,262,800 6,399,633
Housing and rehabilitation 327,960 285,019 397,834 728,433
Housing maintenance 127,941 229,861 161,558 373,393
Social and economic development 2,957,607 1,105,501 3,888,897 9,784,543
General services 7,976 1,596 7,626 22,484
Interest on long-term debt 1,725,302 1,784,022 1,478,427 1,345,023
Total governmental activities expenses 36,052,605 30,290,858 35,046,047 44,631,650
Business-type activities
Water 2,267,570 2,655,285 2,607,123 2,845,614
Sewer 4,173,457 3,986,920 3,904,543 4,268,952
Solid waste 2,535,119 1,996,615 2,019,204 2,029,302
Storm water 715,309 752,331 793,977 1,032,410
Wireless - - - 402,683
Total business-type activities expenses 9,691,455 9,391,151 9,324,847 10,578,961
Total expenses 45,744,060$ 39,682,009$ 44,370,894$ 55,210,611$
Program revenues
Governmental activities
Charges for services
General government 695,405$ 645,050$ 639,679$ 936,199$
Public safety 2,247,213 2,739,097 3,488,259 3,049,369
Public works - - - 432,932
Culture and recreation 1,621,911 2,223,977 2,317,222 1,886,153
Housing and rehabilitation - - - 456,088
Housing maintenance 572,291 1,189,257 1,378,015 -
Social and economic development - - - 32,456
Interest on long-term debt - - - -
Operating grants and contributions 4,569,505 2,499,857 1,283,407 7,703,241
Capital grants and contributions 850,114 696,152 2,412,375 6,290,881
Total governmental activities
program revenue 10,556,439 9,993,390 11,518,957 20,787,319
Fiscal Year
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 207
Table 2
2007 2008 2009
8,251,341$ 8,216,816$ 8,167,355$
10,721,803 11,867,403 12,138,185
5,979,789 6,904,217 6,915,541
404,074 425,829 457,872
6,916,001 7,352,406 7,456,215
1,079,211 1,615,010 1,544,175
121,118 199,757 128,099
5,910,149 5,494,634 6,321,623
6,830 2,653 7,662
1,301,266 1,329,767 1,543,879
40,691,582 43,408,492 44,680,606
3,285,107 3,391,992 4,089,837
4,199,659 4,485,386 4,228,680
2,019,595 2,135,677 2,125,540
1,088,170 1,172,199 1,287,202
1,151,751 315,664 151,708
11,744,282 11,500,918 11,882,967
52,435,864$ 54,909,410$ 56,563,573$
978,058$ 955,811$ 888,246$
2,977,475 4,282,699 2,958,383
1,483,824 380,452 2,292,287
2,409,625 2,121,505 2,083,015
527,536 507,163 562,930
- - -
202,110 173,960 184,236
- - 318,134
3,908,485 3,581,092 2,664,563
2,113,560 2,822,683 2,131,755
14,600,673 14,825,365 14,083,549
Fiscal Year
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 208
CITY OF ST. LOUIS PARK, MINNESOTA
STATISTICAL SECTION (UNAUDITED)
CHANGES IN NET ASSETS - CONTINUED
LAST SEVEN FISCAL YEARS
2003 2004 2005 2006
Program revenues - Continued
Business-type activities
Charges for services
Water 3,165,974$ 2,567,638$ 2,363,709$ 2,968,926$
Sewer 3,815,599 4,263,433 4,367,868 4,584,802
Solid waste 1,740,323 2,021,725 1,857,808 2,124,203
Storm water 631,332 802,856 914,701 1,169,915
Wireless - - - 41,057
Operating grants and contributions 95,606 - 119,165 236,181
Capital grants and contributions 220,244 - 1,236,740 209,277
Total business-type activities
program revenue 9,669,078 9,655,652 10,859,991 11,334,361
Total program revenues 20,225,517 19,649,042 22,378,948 32,121,680
Net (expenses) revenues
Governmental activities (25,496,166) (20,297,468) (23,527,090) (23,844,331)
Business-type activities (22,377) 264,501 1,535,144 755,400
Total primary government (25,518,543)$ (20,032,967)$ (21,991,946)$ (23,088,931)$
General Revenues and Other Changes in Net Assets
Governmental activities
Taxes
Property taxes 17,959,983$ 20,259,269$ 21,965,197$ 23,538,989$
Franchise taxes 274,072 1,283,654 1,431,779 1,358,902
State grants and contributions not
restricted to specific programs 1,634,552 1,701,769 1,520,187 932,634
Unrestricted investment earnings 1,308,108 942,743 1,484,873 2,881,818
Miscellaneous 224,142 470,409 672,032 474,054
Gain on sale of capital assets 68,299 101,593 182,373 128,344
Transfers 1,036,995 1,966,473 2,095,521 1,923,760
Total governmental activities expenses 22,506,151 26,725,910 29,351,962 31,238,501
Business-type activities
Unrestricted investment earnings 176,493 167,840 184,950 254,966
Miscellaneous 309 (111,357) 3,949 13,702
Gain on sale of capital assets 44 - 2,139 -
Transfers (1,036,995) (1,966,473) (2,095,521) (1,923,760)
Total business-type activities expenses (860,149) (1,909,990) (1,904,483) (1,655,092)
Total primary government 21,646,002 24,815,920 27,447,479 29,583,409
Change in Net Assets
Governmental activities (2,990,015) 6,428,442 5,824,872 7,394,170
Business-type activities (882,526) (1,645,489) (369,339) (899,692)
Prior period adjustment - - - (474,033)
Total primary government (3,872,541)$ 4,782,953$ 5,455,533$ 6,020,445$
Note: Changes in net assets are not available for years prior to 2003.
Fiscal Year
(accrual basis of accounting)
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 209
Table 2
2007 2008 2009
3,461,301$ 3,584,384$ 4,294,962$
4,820,732 4,506,339 5,153,171
2,395,469 2,348,133 2,458,555
1,473,746 1,529,180 1,699,557
68,959 51,322 16,140
208,814 966,053 167,604
- 1,040,384 -
12,429,021 14,025,795 13,789,989
27,029,694 28,851,160 27,873,538
(26,090,909) (28,583,127) (30,597,057)
684,739 2,524,877 1,907,022
(25,406,170)$ (26,058,250)$ (28,690,035)$
26,163,519$ 28,523,119$ 29,512,631$
1,440,034 1,507,994 1,503,075
825,327 519,850 153,108
4,139,689 2,133,858 1,452,176
341,335 470,230 11,229
378,075 1,842,601 91,149
1,996,291 1,956,727 5,202,312
35,284,270 36,954,379 37,925,680
466,923 243,724 201,825
- 18,473 -
- - -
(1,996,291) (1,956,727) (5,202,312)
(1,529,368) (1,694,530) (5,000,487)
33,754,902 35,259,849 32,925,193
9,193,361 8,371,252 7,328,623
(844,629) 830,347 (3,093,465)
143,969 - -
8,492,701$ 9,201,599$ 4,235,158$
Fiscal Year
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 210
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 211
CITY OF ST. LOUIS PARK, MINNESOTA Table 3
STATISTICAL SECTION (UNAUDITED)
GOVERNMENTAL ACTIVITIES TAX REVENUES BY SOURCE
LAST SEVEN FISCAL YEARS
Fiscal Property Franchise
Year tax tax Total
2003 17,959,983$ 274,072$ 18,234,055$
2004 20,259,269 1,283,654 21,542,923
2005 21,965,197 1,431,779 23,396,976
2006 23,538,989 1,358,902 24,897,891
2007 26,163,519 1,440,034 27,603,553
2008 28,523,119 1,507,994 30,031,113
2009 29,512,631 1,503,075 31,015,706
Note: Tax revenues by source are not available for years prior to 2003.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 212
CITY OF ST. LOUIS PARK, MINNESOTA
STATISTICAL SECTION (UNAUDITED)
FUND BALANCES OF GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(modified accrual basis of accounting)
2000 2001 2002 2003
General fund
Reserved 17,010$ 17,295$ 18,235$ 34,889$
Unreserved 6,604,300 7,087,439 7,519,959 6,799,827
Total General fund 6,621,310$ 7,104,734$ 7,538,194$ 6,834,716$
All other governmental funds
Reserved 9,465,828$ 6,791,678$ 6,799,583$ 8,910,066$
Unreserved, reported in:
Special revenue funds 4,489,578 12,933,063 13,386,315 9,314,599
Capital projects funds 40,919,650 35,701,457 38,270,165 33,405,404
Other funds - - - 6,161,280
Total all other governmental funds 54,875,056$ 55,426,198$ 58,456,063$ 57,791,349$
Note: Fiscal Year 2005 was the first year of implementing GASB Statement No. 44.
Fiscal Year
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 213
Table 4
2004 2005 2006 2007 2008 2009
42,267$ 118,002$ 104,774$ 13,719$ 494,293$ 572,206$
8,153,025 8,622,091 9,847,341 10,100,187 11,232,307 11,272,776
8,195,292$ 8,740,093$ 9,952,115$ 10,113,906$ 11,726,600$ 11,844,982$
9,538,264$ 19,338,220$ 9,276,305$ 10,229,125$ 10,610,175$ 7,540,696$
11,241,621 7,707,696 10,012,784 9,450,210 7,134,284 5,869,826
35,958,192 30,396,836 38,126,004 38,889,030 43,134,211 35,709,600
- 2,257,068 - - - -
56,738,077$ 59,699,820$ 57,415,093$ 58,568,365$ 60,878,670$ 49,120,122$
Fiscal Year
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 214
CITY OF ST. LOUIS PARK, MINNESOTA
STATISTICAL SECTION (UNAUDITED)
CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
LAST TEN FISCAL YEARS
(modified accrual basis of accounting)
2000 2001 2002 2003
Revenues
Taxes 15,159,608$ 15,558,802$ 17,546,588$ 17,963,805$
Tax Increments - - - -
Licenses and permits 1,819,529 2,011,051 2,140,905 2,027,353
Intergovernmental 10,274,714 11,732,024 7,953,559 5,495,380
Charges for services 3,154,097 2,938,359 2,457,615 2,072,126
Fines and forfeits 263,433 296,336 277,812 294,408
Special assessments 686,427 611,976 574,314 553,086
Interest on investments 3,826,118 3,361,612 2,181,428 1,189,713
Miscellaneous 2,049,244 6,340,007 5,715,376 2,277,480
Total revenues 37,233,170 42,850,167 38,847,597 31,873,351
Expenditures
General government 4,496,483 4,946,186 5,162,084 5,267,243
Public safety 8,381,972 8,655,743 9,086,240 9,486,448
Public works 3,036,007 3,410,208 3,485,329 3,750,500
Public information 214,787 177,641 215,623 229,675
Culture and recreation 3,941,510 4,151,096 4,349,894 4,487,543
Housing and rehabilitation 300,366 476,153 527,330 327,960
Housing maintenance 38,554 117,538 313,320 127,941
Social and economic development 94,736 4,792,696 2,671,453 899,677
General services 775 - 2,102 7,976
Debt service
Principal 1,970,000 14,735,000 9,320,000 2,990,000
Interest 2,274,523 1,918,241 2,027,384 1,715,827
Other charges 101,909 7,263 174,967 33,076
Capital outlay 10,972,669 14,268,482 10,367,806 8,333,251
Total expenditures 35,824,291 57,656,247 47,703,532 37,657,117
Excess (deficiency) of revenues
over (under) expenditures 1,408,879 (14,806,080) (8,855,935) (5,783,766)
Other financing sources (uses)
Transfers in 5,360,476 20,921,064 15,620,099 5,778,074
Transfers out (5,223,807) (20,016,214) (8,478,100) (5,507,496)
Principal paid on refunded bonds - - - -
Refunding bonds issued - - - -
Bonds issued 4,505,000 7,549,806 6,140,866 4,145,000
Premium on bonds issued - - - -
Discount on bonds issued - - - -
Payments made to escrow agent - - - -
Proceeds from sale of capital assets - - - -
Total other financing
sources (uses)4,641,669 8,454,656 13,282,865 4,415,578
Net change in fund balances 6,050,548$ (6,351,424)$ 4,426,930$ (1,368,188)$
Debt service as a percentage of
noncapital expenditures 17.49%38.40%30.39%16.05%
Note: Fiscal Year 2005 was the first year of implementing GASB Statement No. 44.
Fiscal Year
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 215
Table 5
2004 2005 2006 2007 2008 2009
20,146,562$ 21,909,256$ 19,416,738$ 20,951,991$ 21,563,302$ 23,203,404$
- - 5,390,257 6,597,092 8,371,424 7,846,204
2,569,868 2,932,988 2,934,270 2,946,749 4,072,753 2,786,032
3,608,768 5,410,252 12,943,457 4,482,834 3,894,839 3,867,795
4,935,172 4,197,987 2,394,509 3,737,619 2,424,119 4,228,179
251,256 286,003 322,558 276,693 324,512 332,694
920,680 827,361 843,030 840,965 703,484 800,054
854,636 1,323,843 2,717,490 3,851,542 1,990,854 1,358,170
2,431,999 2,397,275 2,648,354 3,038,836 3,591,212 2,615,062
35,718,941 39,284,965 49,610,663 46,724,321 46,936,499 47,037,594
5,298,509 5,662,931 5,985,314 6,642,231 6,642,295 6,472,022
9,628,174 11,221,408 11,060,618 10,851,256 11,744,656 11,949,612
4,000,282 3,772,650 4,934,433 4,089,223 4,671,631 4,637,289
249,388 259,461 227,106 393,863 415,609 445,146
4,786,730 5,271,726 6,095,959 7,274,375 6,213,945 6,027,059
285,019 397,834 739,391 688,062 1,621,099 1,550,264
229,861 161,558 373,393 121,118 199,757 128,099
791,110 1,405,434 9,464,720 5,822,842 5,162,698 6,241,123
1,596 7,626 22,484 6,830 2,653 7,662
3,155,000 3,680,000 6,360,000 4,065,000 4,485,000 4,709,000
1,693,689 1,626,517 1,450,460 1,304,565 1,365,484 1,322,477
- 59,589 - - - -
7,392,608 11,206,131 4,567,251 5,804,342 9,998,748 10,314,002
37,511,966 44,732,865 51,281,129 47,063,707 52,523,575 53,803,755
(1,793,025) (5,447,900) (1,670,466) (339,386) (5,587,076) (6,766,161)
10,608,768 9,650,253 6,432,713 8,383,989 11,129,934 9,939,299
(8,757,973) (8,716,751) (5,480,804) (7,008,202) (9,233,136) (10,579,081)
(7,295,000) - - - - -
- 2,370,000 - - - -
7,490,000 3,705,000 - - 5,490,000 2,000,000
- 151,602 - - - 10,202
(77,962) (5,746) - - - -
- - - - - (199,425)
132,496 1,566,691 119,885 278,662 2,123,277 -
2,100,329 8,721,049 1,071,794 1,654,449 9,510,075 1,170,995
307,304$ 3,273,149$ (598,672)$ 1,315,063$ 3,922,999$ (5,595,166)$
16.10%16.01%16.84%13.37%13.62%13.84%
Fiscal Year
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 216
CITY OF ST. LOUIS PARK, MINNESOTA
STATISTICAL SECTION (UNAUDITED)
ASSESSED VALUE/TAX CAPACITY VALUE AND ESTIMATED MARKET VALUE
OF ALL TAXABLE PROPERTY
LAST TEN FISCAL YEARS
2000 2001 2002 2003
Population (1)45,116 44,126 44,270 44,302
Real Property
Total assessed/tax capacity value 55,667,480$ 42,290,304$ 44,639,956$ 46,957,116$
Less tax increment districts -(4,562,937) (3,352,152) (3,792,061) (4,313,399)
Area-wide allocation (net)(2,237,020) (1,516,683) (1,477,254) (1,349,096)
Net assessed/tax capacity value 48,867,523$ 37,421,469$ 39,370,641$ 41,294,621$
Estimated market value 2,949,779,200$ 3,388,855,800$ 3,805,624,900$ 4,121,540,000$
Personal Property
Assessed/tax capacity value 684,766$ 409,514$ 420,338$ 436,947$
Estimated market value 20,238,400$ 20,686,500$ 21,270,900$ 22,114,100$
Total Real and Personal Property
Assessed/tax capacity value 49,552,289$ 37,830,983$ 39,790,979$ 41,731,568$
Estimated market value 2,970,017,600$ 3,409,542,300$ 3,826,895,800$ 4,143,654,100$
Tax Capacity Rate 25.4%35.0%35.9%34.8%
Source: Hennepin County Department of Property Records and Revenue
(1) See the Schedule of Demographic and Economic Statistics on page 193 for personal income and population data.
Fiscal Year
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 217
Table 6
2004 2005 2006 2007 2008 2009
44,896 44,511 44,422 45,216 47,198 47,221
51,772,756$ 56,737,869$ 62,912,413$ 68,025,921$ 68,006,453$ 69,704,858$
(4,665,583) (5,211,867) (6,335,246) (7,644,566) (7,639,465) (8,276,993)
(703,750) (1,153,662) (1,186,353) (1,498,263) (1,498,263) (1,635,724)
46,403,423$ 50,372,340$ 55,390,814$ 58,883,092$ 58,868,725$ 59,792,141$
4,828,585,300$ 4,841,195,800$ 5,232,595,500$ 5,553,715,600$ 5,552,520,000$ 5,629,866,050$
456,914$ 464,571$ 489,063$ 458,627$ 458,627$ 434,825$
23,123,200$ 23,527,400$ 24,807,500$ 23,263,700$ 23,263,700$ 22,006,100$
46,860,337$ 50,836,911$ 55,879,877$ 59,341,719$ 59,327,352$ 60,226,966$
4,851,708,500$ 4,864,723,200$ 5,257,403,000$ 5,576,979,300$ 5,575,783,700$ 5,651,872,150$
34.8%35.2%32.9%32.9%34.8%36.6%
Fiscal Year
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 218
CITY OF ST. LOUIS PARK, MINNESOTA
STATISTICAL SECTION (UNAUDITED)
PROPERTY TAX RATES - CONTINUED ON THE FOLLOWING PAGES
DIRECT AND OVERLAPPING (1) GOVERNMENTS
LAST FIVE FISCAL YEARS
Fiscal
Year
2005 35.571 %1.810 %37.381 %1.298 %44.172 %
2006 34.164 2.180 36.344 1.259 41.016
2007 32.344 2.394 34.738 1.336 39.110
2008 32.504 2.255 34.759 1.344 38.571
2009 34.402 2.265 36.667 1.759 40.413
Note: Fiscal Year 2005 was the first year of implementing GASB Statement No. 44.
Source: Hennepin County Department of Property Records and Revenue
(1) Overlapping rates are those of local and county governments that apply to property owners within the City of St. Louis Park.
Not all overlapping rates apply to all City of St. Louis Park property owners (e.g. the rates for the school districts
will only apply to the portion of the property owners located within the geographic boundaries of each school district).
Debt
Total
City of St. Louis Park
Authority
Park Housing
St. Louis
County
Hennepin
Rate
Operating
Rate
Service
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 219
Table 7
19.176 %19.694 %22.762 %1.276 %0.342 %7.382 %
21.565 19.226 20.577 1.072 0.428 6.998
19.019 18.244 23.485 1.121 0.117 7.310
19.218 16.951 19.580 1.404 0.651 7.397
20.080 17.766 20.337 1.489 0.535 7.154
Districts
Taxing
Other
#270 #273 #283
School Districts
#3 #7
Watershed Districts
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 220
CITY OF ST. LOUIS PARK, MINNESOTA Table 7
STATISTICAL SECTION (UNAUDITED)
PROPERTY TAX RATES - CONTINUED
DIRECT AND OVERLAPPING (1) GOVERNMENTS
LAST FIVE FISCAL YEARS
Fiscal
Year
2005 110.685 %111.203 %114.271 %109.751 %113.337 %
2006 108.254 105.915 107.266 107.610 106.622
2007 102.634 101.859 107.100 101.630 106.096
2008 102.693 100.426 103.055 101.940 102.302
2009 107.562 105.248 107.819 106.608 106.865
Note: Fiscal Year 2005 was the first year of implementing GASB Statement No. 44.
Source: Hennepin County Department of Property Records and Revenue
(1) Overlapping rates are those of local and county governments that apply to property owners within the City of St. Louis Park.
Not all overlapping rates apply to all City of St. Louis Park property owners (e.g. the rates for the school districts
will only apply to the portion of the property owners located within the geographic boundaries of each school district).
Totals
School District and Watershed Tax District
and #3
#270 #273
and #3 and #3
#283
and #7
#270
and #7
#283
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 221
CITY OF ST. LOUIS PARK, MINNESOTA Table 8
STATISTICAL SECTION (UNAUDITED)
PRINCIPAL PROPERTY TAXPAYERS
CURRENT YEAR AND NINE YEARS AGO
Taxable Taxable
Assessed Assessed
Value Rank Value Rank
Duke-Weeks Realty (formerly MEPC American Properties)72,900,000$ 1 1.29 %57,433,200$ 3 1.93 %
Thomson Reuters Property Tax Service 57,000,000 2 1.01 -
AEW VIF II Acquisition LLC 49,420,000 3 0.87 -
Parkdale Property LLC 39,273,000 4 0.69 -
Park Nicollet 38,500,300 5 0.68 -
Target (formerly Dayton Hudson)18,325,000 6 0.32 -
General Growth/Knollwood Co.18,250,000 7 0.32 23,541,800 6 0.79
Park Glen 26,390,000 8 0.47 -
Park Shore Senior Campus LLC (formerly Park Blvd. Housing Partnership)23,805,000 9 0.42 13,035,500 10 0.44
Xcel Energy (formerly Northern States Power)14,489,900 10 0.26 -
Interchange Investors (formerly WHIOP Real Estate Ltd. Partnership)- 83,000,000 1 2.79
Healthpartners - 58,478,600 2 1.97
Parkdale Associates - 54,193,800 4 1.82
Park Place OPCO LLC - 37,550,000 5 1.26
Teachers of Ohio - 18,300,000 7 0.62
PAH-DT Park Place Partners, LP - 14,458,500 8 0.49
General Realty - 13,763,700 9 0.46
Total 358,353,200$ 6.34 %373,755,100$ 12.58 %
Source: Hennepin County Department of Property Records and Revenue
Taxpayer Value
Assessed
Taxable
Value
Assessed
Taxable
of Total
Percentage
2009 2000
of Total
Percentage Meeting of June 21, 2010 (Item No. 2d) Subject: 2009 Financial Statements – Auditors PresentationPage 222
CITY OF ST. LOUIS PARK, MINNESOTA
STATISTICAL SECTION (UNAUDITED)
PROPERTY TAX LEVIES AND COLLECTIONS
LAST TEN FISCAL YEARS
Collections Collections
of Current of Prior
Fiscal Year Total Tax Year's Taxes Year's Taxes Total
Ended Levy for During Fiscal During Fiscal Collections
December 31 Fiscal Year Period Period To Date
2000 12,573,516$ 12,507,597$ 99.48 %65,919$ 12,573,516$
2001 13,252,491 13,087,658 98.76 164,833 13,252,491
2002 14,271,459 14,127,786 98.99 116,486 14,244,272
2003 14,536,228 13,844,355 95.24 658,638 14,502,993
2004 16,323,715 16,131,737 98.82 167,954 16,299,691
2005 17,901,681 17,686,884 98.80 190,146 17,877,030
2006 18,374,196 18,066,050 98.32 289,339 18,355,389
2007 19,546,981 19,311,423 98.79 213,494 19,524,917
2008 20,637,216 20,366,309 98.69 195,317 20,561,626
2009 22,070,208 21,765,646 98.62 - 21,765,646
Percentage
Period
During Fiscal
Collected
of Levy
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 223
Table 9
100.00 %
100.00
99.81
99.77
99.85
99.86
99.90
99.89
99.63
98.62
of Levy
Percentage
To Date
Collected
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 224
CITY OF ST. LOUIS PARK, MINNESOTA Table 10
STATISTICAL SECTION (UNAUDITED)
RATIOS OF OUTSTANDING DEBT BY TYPE
LAST FIVE FISCAL YEARS
General Total Percentage
Fiscal Obligation Tax Increment Capital Revenue Notes Primary of Personal Per
Year Bonds Bonds Leases Bonds Payable Government Income Capita (1)
2005 13,335,000$ 22,795,000$ 15,000$ 2,550,000$ 29,082$ 38,724,082$ 2.67%869.99
2006 12,645,000 17,125,000 7,500 2,365,000 1,791 32,144,291 2.15%723.61
2007 11,805,000 13,900,000 - 5,835,000 - 31,540,000 2.07%697.54
2008 10,715,000 15,995,000 - 9,570,000 - 36,280,000 2.25%768.68
2009 9,590,000 8,405,000 - 9,185,000 - 27,180,000 1.54%575.59
Note: Details regarding the City's outstanding debt can be found in the notes to the financial statements.
Fiscal Year 2005 was the first year of implementing GASB Statement No. 44.
(1) See the Schedule of Demographic Statistics on page 193 for personal income and population data.
Governmental Activities Business Type Activities Meeting of June 21, 2010 (Item No. 2d) Subject: 2009 Financial Statements – Auditors PresentationPage 225
CITY OF ST. LOUIS PARK, MINNESOTA Table 11
STATISTICAL SECTION (UNAUDITED)
RATIOS OF GENERAL BONDED DEBT OUTSTANDING
LAST FIVE FISCAL YEARS
Percentage of
Less: Amounts Estimated
General Available Actual Taxable
Fiscal Obligation in Debt Value of Per
Year Bonds Service Funds Total Property (1)Capita (2)
2005 13,335,000$ 1,200,313$ 12,134,687$ 0.25%272.62$
2006 12,645,000 1,383,783 11,261,217 0.21%253.51
2007 11,805,000 1,715,646 10,089,354 0.18%223.14
2008 10,715,000 1,798,636 8,916,364 0.16%188.91
2009 9,590,000 1,378,737 8,211,263 0.15%173.89
(1) See the Schedule of Assessed Value/Tax Capacity Value and Estimated Market Value on
page 180 for property value data.
(2) Population data can be found in the Schedule of Demographic Statistics on page 193.
Note: Fiscal Year 2005 was the first year of implementing GASB Statement No. 44.
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 226
CITY OF ST. LOUIS PARK, MINNESOTA Table 12
STATISTICAL SECTION (UNAUDITED)
DIRECT AND OVERLAPPING GOVERNMENTAL ACTIVITIES DEBT
AS OF DECEMBER 31, 2009
Share of
Debt Percentage Overlapping
Outstanding (1)Applicable (2)Debt
Overlapping Debt:
Hennepin County 600,494,317$ 3.78%22,698,685$
St. Louis Park Independent School District 54,914,328 99.53%54,656,231
Hopkins Independent School District 156,028,964 3.24%5,055,338
Edina Independent School District 82,581,000 0.06%49,549
Hennepin County Suburban Park District 71,017,752 5.13%3,643,211
Hennepin Regional RR Authority 42,430,624 3.78%1,603,878
Metropolitan Council 131,613,280 1.68%2,211,103
Subtotal of Overlapping Debt:1,139,080,265 89,917,994
Direct Debt:
City of St. Louis Park 10,939,349 100.00%10,939,349
Total of Direct and Overlapping Debt:1,150,019,614$ 100,857,343$
Source: Hennepin County, Minnesota
Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City of St. Louis Park. This
schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses
of the City of St. Louis Park. This process recognizes that, when considering the City's ability to issue and repay long-term debt, the
entire burden borne by the residents and businesses should be taken into account. However, this does not imply that every taxpayer is
a resident, and therefore responsible for repaying the debt of each overlapping government.
(1) Net debt which excludes and revenue and special assessment bonds
(2) The percentage applicable to the City of St. Louis Park was determined by dividing the portion of tax capacity within the City by the
total tax capacity of the of the taxing jurisdiction.
Governmental Unit Meeting of June 21, 2010 (Item No. 2d) Subject: 2009 Financial Statements – Auditors PresentationPage 227
CITY OF ST. LOUIS PARK, MINNESOTA Table 13
STATISTICAL SECTION (UNAUDITED)
LEGAL DEBT MARGIN INFORMATION
LAST FIVE FISCAL YEARS
2005 2006 2007 2008 2009
Debt Limit 97,294,464$ 105,148,060$ 111,539,586$ 167,273,511$ 169,556,165$
Total Net Debt Applicable to Limit 3,613,070 3,497,669 3,127,988 2,747,414 2,356,466
Legal Debt Margin 93,681,394$ 101,650,391$ 108,411,598$ 164,526,097$ 167,199,699$
Total Net Debt Applicable to the Limit as
a percentage of Debt Limit 3.71% 3.33% 2.80% 1.64% 1.39%
Legal Debt Margin Calculation for Fiscal Year
Estimated Taxable Market Value 4,864,723,200$ 5,257,403,000$ 5,576,979,300$ 5,575,783,700$ 5,651,872,150$
Debt Limit (2% of taxable market value, 3% after 2008)97,294,464$ 105,148,060$ 111,539,586$ 167,273,511$ 169,556,165$
Debt applicable to limit:
Total Bonded Debt 38,680,000$ 32,135,000$ 31,540,000$ 36,280,000$ 27,180,000$
Less:
Amount Set Aside for Repayment of G.O. Bonds (91,930) (207,331) (452,012) (487,586) (523,534)
G.O. Revenue Bonds (2,550,000) (2,365,000) (5,835,000) (9,570,000) (9,185,000)
G.O. Improvement Bonds (9,630,000) (8,940,000) (8,225,000) (7,480,000) (6,710,000)
Tax Increment Bonds (22,795,000) (17,125,000) (13,900,000) (15,995,000) (8,405,000)
Total Net Debt Applicable to Limit:3,613,070 3,497,669 3,127,988 2,747,414 2,356,466
Legal Debt Margin:93,681,394$ 101,650,391$ 108,411,598$ 164,526,097$ 167,199,699$
Note A: Under State of Minnesota law, the City of St. Louis Park's outstanding general obligation debt should not exceed 3 percent
of the market value of taxable property. By law, the general obligation debt subject to the limitation may be offset by amounts
set aside for the extinguishment of those obligations.
Note B: Fiscal Year 2005 was the first year of implementing GASB Statement No. 44.
Fiscal Year Meeting of June 21, 2010 (Item No. 2d) Subject: 2009 Financial Statements – Auditors PresentationPage 228
CITY OF ST. LOUIS PARK, MINNESOTA Table 14
STATISTICAL SECTION (UNAUDITED)
PLEDGED REVENUE BOND COVERAGE
LAST FIVE FISCAL YEARS
Utility Less:Net
Fiscal Charges Operating Available
Year and Other Expenses Revenue Principal Interest Coverage
2005 928,139$ 285,431$ 642,708$ 180,000$ 118,895$ 2.15
2006 1,189,239 904,916 284,323 185,000 111,595 0.96
2007 5,025,203 4,115,066 910,137 195,000 103,898 3.04
2008 5,200,332 4,300,290 900,042 340,000 264,902 1.49
2009 6,147,782 4,991,003 1,156,779 385,000 338,981 1.60
Note: Details regarding the government's outstanding debt can be found in the notes to the financial statements.
Utility charges and other includes investment earnings. Operating expenses do not include interest,
depreciation or transfer out.
(1) Includes 2001 Storm Water Revenue bonds, 2007 Storm Water and Water Revenue bonds, 2008 Utility Revenue bonds.
(2) Fiscal Year 2005 was the first year of implementing GASB Statement No. 44.
Debt Service (1)
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 229
CITY OF ST. LOUIS PARK, MINNESOTA Table 15
STATISTICAL SECTION (UNAUDITED)
DEMOGRAPHIC STATISTICS
LAST TEN FISCAL YEARS
Personal Income
(amounts
expressed in Per Capita Median School Unemployment
Year Population (1)thousands) (2)Income (2)Age (2)Enrollment (3)Rate (4)
2000 44,126 1,278,330 28,970 35.7 4,207 1.9%
2001 44,126 1,278,330 28,970 35.7 4,175 2.7%
2002 44,270 1,320,977 29,839 35.7 4,141 3.6%
2003 44,302 1,361,585 30,734 37.1 4,231 4.0%
2004 44,896 1,421,229 31,656 37.1 4,261 4.1%
2005 44,511 1,451,311 32,606 37.5 4,251 3.4%
2006 44,422 1,491,876 33,584 37.7 4,098 3.1%
2007 45,216 1,527,170 33,775 38.3 4,175 3.7%
2008 47,198 1,613,039 34,176 35.8 4,258 5.6%
2009 47,221 1,761,674 37,307 35.7 4,447 5.9%
Source:(1) St. Louis Park Community Development Department estimates
(2) Federal Census Bureau data
(3) St. Louis Park School District
(4) Minnesota Department of Employment and Economic Development
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 230
CITY OF ST. LOUIS PARK, MINNESOTA Table 16
STATISTICAL SECTION (UNAUDITED)
PRINCIPAL EMPLOYERS
CURRENT YEAR AND NINE YEARS AGO
Employees Rank Employees Rank
Park Nicollet Health Services and Methodist Hospital 6,022 1 22.7 %6,831 1 24.1 %
St. Louis Park Public Schools 682 2 2.6 816 4 2.9
Knollwood Mall 600 3 2.3 - -
Super Target 595 4 2.2 250 10 0.9
Sholom Home West 589 5 2.2 - -
Allied Interstate 577 6 2.2 893 2 3.2
MoneyGram International (formerly Travelers Express)535 7 2.0 840 3 3.0
Japs-Olson Company 507 8 1.9 690 5 2.4
Byerly's 350 9 1.3 400 7 1.4
Miracle Mile Shopping Center 350 10 1.3 -
St. Louis Park, City of 300 1.1 296 8 1.0
Nestle Nutrition (formerly Novartis Nutrition)- - 471 6 1.7
Quadion MN Rubber - - 250 9 0.9
Total 11,107 41.8 %11,737 41.5 %
Source: State Department of Commerce.
Fiscal Year
2009 2000
Employer Employment
Percentage
of Total City
Percentage
of Total City
Employment Meeting of June 21, 2010 (Item No. 2d) Subject: 2009 Financial Statements – Auditors PresentationPage 231
CITY OF ST. LOUIS PARK, MINNESOTA Table 17
STATISTICAL SECTION (UNAUDITED)
FULL-TIME EQUIVALENT EMPLOYEES BY FUNCTION
LAST FIVE FISCAL YEARS
2005 2006 2007 2008 2009
Function
General government 115.0 119.1 123.0 122.5 114.5
Public safety
Police
Officers 58.5 59.5 59.5 51.0 51.0
Civilians 11.0 11.0 11.0 18.5 17.0
Fire
Firefighters and officers 25.0 25.0 25.0 25.0 25.0
Public Works 33.0 32.7 32.0 32.0 32.0
Water 7.8 7.8 10.3 11.4 11.4
Sewer 6.7 5.7 3.7 2.7 2.7
Solid waste 0.7 0.7 0.7 1.8 1.8
Storm water 2.0 2.0 2.6 2.6 2.6
Total Employees 259.8 263.5 267.8 267.5 258.0
Note: Fiscal Year 2005 was the first year of implementing GASB Statement No. 44.
Fiscal Year
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 232
CITY OF ST. LOUIS PARK, MINNESOTA Table 18
STATISTICAL SECTION (UNAUDITED)
OPERATING INDICATORS BY FUNCTION
LAST FIVE FISCAL YEARS
2005 2006 2007 2008 2009
Police
Medical calls 2,660 2,876 2,881 3,153 3,110
Traffic stops 1,959 2,510 1,981 2,724 2,462
Other 23,508 25,394 24,996 24,412 22,562
Fire
Inspections 3,970 4,109 4,141 4,357 4,429
Fire calls - residential 38 67 45 52 82
Fire calls - structural 11 16 16 9 14
Fire calls - other 60 58 71 46 68
Cable TV
Hours of new programming 121 124 94 294 250
Inspections
Permits 8,092 8,527 8,616 13,687 8,895
Inspections 18,316 18,916 17,797 24,022 27,332
Culture and recreation
Aquatic park attendance 88,491 75,380 80,347 76,218 67,619
Hours of ice time 6,546 6,508 6,574 6,787 6,354
Trees lost to dutch elm disease 1,467 702 686 681 564
Water
Gallons of water production (billions 2.2 2.2 2.3 2.4 2.4
Average watermain breaks per year 30 30 30 30 30
Public Works
Snowplowing hours 1,236 1,165 1,556 1,672 2,454
Note: Fiscal Year 2005 was the first year of implementing GASB Statement No. 44.
Fiscal Year
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 233
CITY OF ST. LOUIS PARK, MINNESOTA Table 19
STATISTICAL SECTION (UNAUDITED)
CAPITAL ASSET STATISTICS BY FUNCTION
LAST FIVE FISCAL YEARS
2005 2006 2007 2008 2009
Function
Public safety
Police
Stations 1 1 1 1 1
Patrol units 22 25 26 26 26
Fire
Stations 2 2 2 2 2
Vehicles 10 13 13 13 13
Fire hydrants 1,699 1,699 1,699 1,699 1,699
Culture and recreation
Parks 51 51 51 53 53
Trails 10 10 10 10 10
Streets
Lane miles of streets 290 290 290 290 310
Miles of streets 117 117 117 117 155
Water
Wells 11 11 11 11 11
Water treatment plants 6 6 6 6 6
Miles of watermain 148 148 148 148 148
Sanitary Sewer
Lift stations 23 23 23 23 23
Miles of sewermain 138 138 138 138 138
Storm Sewer
Ponds and lakes 26 26 26 26 26
Catch basins 2,943 2,943 2,943 2,943 3,154
Note: Fiscal Year 2005 was the first year of implementing GASB Statement No. 44.
Fiscal Year
Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 234
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Meeting of June 21, 2010 (Item No. 2d)
Subject: 2009 Financial Statements – Auditors Presentation Page 235
Meeting Date: June 21, 2010
Agenda Item #: 3a
UNOFFICIAL MINUTES
CITY COUNCIL STUDY SESSION
ST. LOUIS PARK, MINNESOTA
MAY 24, 2010
The meeting convened at 7:38 p.m.
Councilmembers present: Mayor Jeff Jacobs, Phil Finkelstein, Anne Mavity, Paul Omodt, Julia
Ross, Susan Sanger, and Sue Santa.
Councilmembers absent: None.
Staff present: City Manager (Mr. Harmening), Community Development Director (Mr. Locke),
Planning/Zoning Supervisor (Ms. McMonigal), Communications Coordinator (Mr. Zwilling), and
Recording Secretary (Ms. Hughes).
Guests: Jami LaPray and Tom Miller, “Safety in the Park” representatives
1. Update and Policy Discussion of SWLRT project and Hennepin County MNDOT
Kenilworth Freight Rail Relocation Study
Mr. Harmening introduced the topic.
Councilmember Sanger introduced Jami LaPray and Tom Miller, two residents who started “Safety
in the Park.” She stated that Ms. LaPray and Mr. Miller organized the recent freight rail meeting at
the high school.
Mr. Locke presented the staff report and indicated that the County is in the process of selecting a
consultant for the Kenilworth Rail Relocation Study which will look at how this might work if the
St. Louis Park route were selected; this study will include heavy involvement by the community. He
stated the SWLRT DEIS is currently underway and will be wrapped up this year. He explained that
the past year has been dedicated to selecting the Locally Preferred Alternative (LPA) for routing of
the SWLRT and the Metropolitan Council is scheduled to adopt the LPA into the region’s
Transportation Policy Plan on Wednesday, May 26th; this action is necessary for federal funding.
Councilmember Sanger explained that she served on the City’s railroad task force from 1997 to
1999, along with Councilmember Santa. She stated she has also been involved in the Policy
Advisory Committee for SWLRT and is a big supporter of light rail. She expressed several concerns
regarding freight rail relocation and the process undertaken to date, particularly with respect to the
County’s statement that it now wants to do another study to determine how to engineer the
relocation. She stated that the task force indicated that it did not want freight rail relocated to St.
Louis Park, but if freight rail and transit cannot be done in Kenilworth, the task force report
discussed how mitigation of impacts on St. Louis Park should be handled.
City Council Meeting of June 21, 2010 (Item No. 3a) Page 2
Subject: Study Session Meeting Minutes May 24, 2010
She expressed concern that the County appears to make it sound as though St. Louis Park said it
would like to have the railroads come through the City, and that statement is inaccurate. She stated
that she is concerned about the rail company’s ability to utilize longer and heavier trains in the City
as well as its ability to haul hazardous material through these neighborhoods. She stated that the
County realignment study from 2009 includes no comparison among the six routes regarding nearby
homes, how many homes are impacted, how close those homes are to the tracks, whether there are
schools in the vicinity, or whether there are any hospitals or other sensitive uses in the area. She
added the study also does not address the number of at-grade road crossings and does not consider
traffic implications. She further stated the cost estimate to relocate the train traffic to each of the six
locations does not include mitigation of homes, environmental impact, or traffic impact, except as it
relates to Kenilworth.
She addressed Exhibit 10 of the TCWR Freight Rail Realignment Study and indicated it appears the
County is saying if light rail and freight rail are going to be parallel to each other in the Kenilworth
corridor, the County would have to buy 35 properties, despite her encouragement to the County to
evaluate light rail and freight rail in the same corridor and to relocate the bike trail. She reminded
Council that a letter was sent to the Hennepin County Commissioners last year which succinctly
outlined the City’s concerns and which requested a response by the County to the concerns raised by
the City; no detailed response from the County was received.
Councilmember Sanger proposed that the Council consider sending another request to the County
for sufficient data and to continue to work with the County to help it understand that the cost to
relocate freight rail traffic to St. Louis Park exceeds one or more of the other alternatives. She also
asked that the Council consider joining with Minneapolis, Golden Valley, Edina, and some other
communities to push for relocation further west to outstate Minnesota in order to get the train
traffic out of the metro area and out of residential neighborhoods. She suggested that the Council
pass a resolution clearly restating its opposition to relocation of freight rail in the City and clearly
stating its position with respect to mitigation. She also requested that the City submit a formal
request to the County to reopen and redo the analysis of all the alternative routes. She stated that
the City’s residents need to know that the Council pushed for as much detail as possible from the
County on this important issue.
Councilmember Omodt agreed with Councilmember Sanger.
Mayor Jacobs stated that he was also concerned about public safety as it relates to the potential
rerouting of train traffic. He added that the City should push for more mitigation with whistle free
zones if it is determined that freight rail will be relocated to St. Louis Park.
Councilmember Sanger identified a number of steps the City should undertake as follows – build an
alliance on this issue with Golden Valley and Edina; the Council should coordinate its efforts with
the School District; the City should develop a strong public relations strategy around this issue; the
City should document how many properties are impacted, how many properties are adjacent to
railroad tracks and how close those properties are to railroad tracks, particularly as it relates to the
railroad’s setback requirements; continue to work with the Safety in the Park committee; retain the
City Council Meeting of June 21, 2010 (Item No. 3a) Page 3
Subject: Study Session Meeting Minutes May 24, 2010
easements in the City’s name that were obtained over the Golden property when it was redeveloped;
and send a letter to the Met Council by May 26th outlining the City’s position on the possible
rerouting of freight rail in St. Louis Park She stated that the City should keep in mind that the last
possible resort may be litigation.
Mayor Jacobs stated that he did not want the City to be viewed as an impediment to light rail.
The City Council discussed the County’s alignment cost estimates and the process for obtaining
federal funding for the project.
Councilmember Mavity expressed her appreciation to Councilmember Sanger for her thoughtful
comments on this issue and stated that she has concerns about the City being perceived as a fly in
the ointment as it relates to light rail, when in fact the City supports light rail. She stated she is
supportive of submitting another request to the County for additional detail.
Mr. Locke stated that one of the benefits of the rerouting of freight rail is the elimination of some
surface crossings on streets, while at the same time recognizing that other areas would get more
traffic. He indicated that one of the challenges is to figure out what the mitigation price would be
for the City and who will pay for that mitigation. He added that an opportunity is presented to
figure out what it is the City needs to make this work.
Councilmember Santa stated that it would be helpful to have an understanding of the federal
guidelines with respect to the railroads.
Mr. Harmening stated that based on Councilmember Sanger’s comments it appears there are three
specific tasks requiring immediate attention as follows (1) passage of a resolution by the Council
restating the City’s formal position regarding the relocation of freight rail, (2) submission of a formal
request to the County asking the County to reanalyze the routes for freight rail in greater detail, and
(3) that staff contact the Met Council to let it know the City’s position as it relates to SWLRT and
to outline its concerns regarding the potential rerouting of freight rail.
Councilmember Finkelstein stated that the resolution should make clear that that the City supports
the concept of light rail, that it accepts the LPA, and that the City does not seek to delay
implementation of the planning.
Mr. Locke reminded the Council that a resolution was passed on January 19, 2010 supporting the
County’s selection of LRT Route 3A as the locally preferred alternative; that resolution was provided
to the Met Council and could serve as the basis for an updated policy position for Council adoption.
He added that the City previously raised the issue of secondary and cumulative freight rail impact as
it relates to light rail environmental impact; the City should remind the County to address that issue
as well.
City Council Meeting of June 21, 2010 (Item No. 3a) Page 4
Subject: Study Session Meeting Minutes May 24, 2010
Councilmember Sanger stated that the letter to Met Council should state that the City does not
want freight rail relocated to St. Louis Park, but if in the end that is what is determined, there needs
to be sufficient mitigation with funding sources identified, and the City should request a good
explanation for why freight rail is being relocated within the City.
It was the consensus of the City Council to direct staff to prepare a resolution for Council adoption
that expresses the City’s position regarding the relocation of freight rail in the City. It was also the
consensus of the City Council to direct staff to request the County re-look at all of the options for
rerouting freight rail. It was also the consensus of the City Council to direct staff to prepare a letter
to the Metropolitan Council indicating the City’s support for SWLRT and outlining the City’s
position with respect to the rerouting of freight rail in St. Louis Park.
2. Future Study Session Agenda Planning – June 7 and June 14
Mr. Harmening presented the proposed special study session agenda for June 7 and the proposed
study session agenda for June 14. He presented a summary of topics that Council has asked be
brought back for further discussion and requested that the Council review this list and rank the
items in order of importance for follow-up.
3. Communications (Verbal)
Mayor Jacobs stated that St. Louis Park resident Catherine Tarsney recently won a national debate
contest and requested that staff invite Ms. Tarsney to a Council meeting so that she may be properly
recognized for this important accomplishment.
The meeting adjourned at 9:15 p.m.
Written Reports provided and documented for recording purposes only:
4. April 2010 Monthly Financial Report
5. City/School Cable TV Operations Agreement
6. Policy Statement Minority-Owned, Women’s Business Enterprises and Small Business
7. 2009 Solid Waste Annual Report
8. Inspections Department 2009 Activities Report
9. Hwy 7/Wooddale Project Update
______________________________________ ______________________________________
Nancy Stroth, City Clerk Jeff Jacobs, Mayor
Meeting Date: June 21, 2010
Agenda Item #: 3b
UNOFFICIAL MINUTES
CITY COUNCIL MEETING
ST. LOUIS PARK, MINNESOTA
JUNE 7, 2010
1. Call to Order
Mayor Jacobs called the meeting to order at 7:30 p.m.
Councilmembers present: Mayor Jeff Jacobs, Phil Finkelstein, Anne Mavity, Paul Omodt, and Sue
Santa.
Councilmembers absent: Julia Ross and Susan Sanger.
Staff present: City Manager (Mr. Harmening), City Clerk (Ms. Stroth), Community Development
Director (Mr. Locke), Controller (Mr. Swanson), and Recording Secretary (Ms. Hughes).
1a. Pledge of Allegiance
1b. Roll Call
2. Presentations - None
3. Approval of Minutes
3a. Study Session Minutes of May 10, 2010
The minutes were approved as presented.
3b. City Council Minutes of May 17, 2010
The minutes were approved as presented.
4. Approval of Agenda and Items on Consent Calendar
NOTE: The Consent Calendar lists those items of business which are considered to be routine
and/or which need no discussion. Consent items are acted upon by one motion. If discussion is
desired by either a Councilmember or a member of the audience, that item may be moved to an
appropriate section of the regular agenda for discussion.
4a. Approve Temporary On-Sale Intoxicating Liquor License – Church of the Holy
Family at 5900 & 5925 West Lake Street for August 20 and August 21, 2010.
4b. Adopt Resolution No. 10-056 accepting Donation to the City to support the
Environmental Coordinator’s Attendance at the 2010 International Society of
Arboriculture Conference.
City Council Meeting of June 21, 2010 (Item No. 3b) Page 2
Subject: City Council Meeting Minutes June 7, 2010
4c. Adopt Resolution No. 10-057 authorizing the special assessment for the repair of
the water service line at 2311 Sumter Avenue South, St. Louis Park, MN - P.I.D. 08-
117-21-23-0093.
4d. Adopt Resolution No. 10-058 authorizing the special assessment for the repair of
the water service line at 3049 Edgewood Avenue South, St. Louis Park, MN - P.I.D.
#17-117-21-11-0012.
4e. Adopt Resolution No. 10-059 granting Conditional Use Permit under Section 36-
79 Relating to Zoning to Permit Excavation of over 400 Cubic Yards of Material.
4f. Approve a Joint Operations Agreement for operation and maintenance of
Educational Access Channel 14 and the Community TV Studio.
4g. Adopt Resolution No. 10-060 supporting minority-owned business, women’s
business enterprises and small business in contracting, professional services and
purchasing.
4h. Adopt First Reading of an Ordinance setting fees for Multiple Re-inspection Fee for
Licensed Businesses and Massage Therapist License and set second reading for June
14, 2010.
4i. Adopt Resolution No. 10-061 approving the issuance of a Tax-Exempt Tax
Increment Revenue Refunding Note (Hoigaard Village Project), Series 2010A.
4j. Approval for Filing Planning Commission Minutes April 21, 2010.
4k. Approval for Filing Planning Commission Minutes May 5, 2010.
4l. Approval of Filing of Vendor Claims.
4m. Approval for Filing Telecommunication Commission Minutes February 11, 2010.
It was moved by Councilmember Santa, seconded by Councilmember Mavity, to approve
the Agenda as presented and items listed on the Consent Calendar; and to waive reading of
all resolutions and ordinances.
The motion passed 5-0.
5. Boards and Commissions - None
6. Public Hearings
6a. Public Hearing and First Reading of housekeeping amendments to Home Rule
Charter/City Code regarding staff positions and municipal elections
Ms. Stroth presented the staff report and stated the housekeeping amendments are necessary
for consistency with the recent revision to the election laws and changes to staff positions.
She advised that the Charter Commission voted unanimously to recommend approval of the
amendments. She noted that the ordinance must receive a unanimous vote of the entire City
Council at the second reading.
Mayor Jacobs opened the public hearing. No speakers were present. Mayor Jacobs closed
the public hearing.
City Council Meeting of June 21, 2010 (Item No. 3b) Page 3
Subject: City Council Meeting Minutes June 7, 2010
It was moved by Councilmember Finkelstein, seconded by Councilmember Omodt, to
approve an Ordinance amending the St. Louis Park Home Rule Charter Sections 4.03, 4.06,
6.09, 6.10 concerning municipal elections and city position titles and to set Second Reading
for June 14, 2010.
The motion passed 5-0.
It was moved by Councilmember Finkelstein, seconded by Councilmember Omodt, to
approve an Ordinance amending the St. Louis Park Ordinance Code Sections 2-350, 2-351,
18-203, 32-34, and 32-99 concerning city position title and to set Second Reading for June
14, 2010.
The motion passed 5-0.
6b. Public Hearing Wine & 3.2 Malt Liquor License – Sauce West End
Ms. Stroth presented the staff report and stated that Sauce West End, LLC, dba Sauce Pizza
& Wine, plans to open on June 21, 2010 at 1610 West End Boulevard. She stated the
restaurant will feature Italian dishes, gourmet pizza, salads, and wine; the restaurant has
several other locations in Colorado and Arizona.
Mayor Jacobs opened the public hearing. No speakers were present. Mayor Jacobs closed
the public hearing.
It was moved by Councilmember Finkelstein, seconded by Councilmember Omodt, to
approve application from Sauce West End, LLC, dba Sauce Pizza and Wine for an on-sale
wine and 3.2 malt liquor license to be located at 1610 West End Boulevard with the license
term through March 1, 2011.
The motion passed 5-0.
6c. Public Hearing and Preliminary Resolution Authorizing the Pre-Sale of
Educational Facility Revenue Notes for the Groves Academy Project – Series
2010. Resolution No. 10-062
Mr. Swanson presented the staff report and stated that Groves Academy is requesting that
the City issue private activity revenue bonds for the purpose of refunding existing debt and
financing the final phase of its facility expansion. He added the aggregate principal amount
of the bonds will not exceed an amount of approximately $4,590,000. He introduced Julie
Eddington from Kennedy & Graven and Pat Rosenberg from Groves Academy.
Ms. Eddington stated that Groves Academy will utilize the funds to complete the expansion
of their building and for a partial refunding of last year’s debt. She pointed out that the City
will receive a fee based on the amount of bonds outstanding each year.
City Council Meeting of June 21, 2010 (Item No. 3b) Page 4
Subject: City Council Meeting Minutes June 7, 2010
Mayor Jacobs opened the public hearing. No speakers were present. Mayor Jacobs closed
the public hearing.
It was moved by Councilmember Omodt, seconded by Councilmember Finkelstein, to
adopt Resolution No. 10-062 giving Preliminary Approval to the Proposed Issuance of
Revenue Bonds under Minnesota Statutes, Sections 469.152 through 469.165.
The motion passed 5-0.
7. Requests, Petitions, and Communications from the Public – None
8. Resolutions, Ordinances, Motions and Discussion Items – None
9. Communications
Mayor Jacobs presented the Council with bookmarks from the “Bookmark in the Park”
committee; this year’s theme is “inclusion” and this year’s book is “Seedfolks” by Paul
Fleishman. He expressed the City Council’s thanks to the committee for their work in
promoting reading and literacy in the community.
Mayor Jacobs stated the Parktacular “Splash in the Park” buttons are available for sale and
encouraged residents to purchase a button. Information on purchasing the buttons is
available at www.parktacular.org. He stated that buttons are also available for purchase at
City Hall or Citizens Bank. He added there are many discounts offered with the button,
including several buy one/get one free discounts as well as free admission to the concert on
Saturday evening, June 19th.
Councilmember Finkelstein stated that the Parktacular committee is still looking for
volunteers; residents can contact Joan Fenton or Ann Thomas.
Mr. Harmening reminded residents of the fire department open house on Tuesday, June
15th, from 5:30 to 8:30 p.m. at Fire Station #1 (3750 Wooddale Avenue).
Mr. Harmening stated that the City’s outdoor aquatic park located at the Rec Center opened
today.
10. Adjournment
The meeting adjourned at 7:43 p.m.
______________________________________ ______________________________________
Nancy Stroth, City Clerk Jeff Jacobs, Mayor
Meeting Date: June 21, 2010
Agenda Item #: 3c
UNOFFICIAL MINUTES
CITY COUNCIL SPECIAL STUDY SESSION
ST. LOUIS PARK, MINNESOTA
JUNE 7, 2010
The meeting convened at 6:16 p.m.
Councilmembers present: Mayor Jeff Jacobs, Phil Finkelstein, Anne Mavity, (arrived at 6:19 p.m.),
Paul Omodt, and Sue Santa.
Councilmembers absent: Councilmembers Julia Ross and Susan Sanger.
Staff present: City Manager (Mr. Harmening), Police Chief (Mr. Luse), Police Lieutenant (Ms.
Dreier), Communications Coordinator (Mr. Zwilling), Economic Development Coordinator (Mr.
Hunt), Organizational Development Coordinator (Ms. Gothberg), Director of Inspections (Mr.
Hoffman), Inspection Services Manager (Ms. Boettcher), and Recording Secretary (Ms. Hughes).
Guest: Lisa Peilen, from the Minnesota Housing Association.
1. Proposed Rental Licensing Ordinance Changes
Mr. Hoffman presented the staff report and the proposed changes to the rental licensing ordinance
and introduced Lisa Peilen from the Minnesota Housing Association. He stated the goal of the
proposed changes is to address issues when a property is not being managed properly. He explained
that the ordinance has been crafted to include a provisional license which would be triggered when
deficiencies lead to one or more of three conditions developing, i.e., (1) a high number of police calls
for nuisance and criminal activity in the preceding 12 month period based on average per unit, (2)
serious egregious activity, e.g., gang-related activity, and (3) unresolved property maintenance issues
from poor management of the building or property. He stated the provisional license would
establish a mitigation plan for the owner with specific requirements to assist in returning the
business to a regular license. He stated the appropriate threshold number will require further
research to ensure fairness and noted that the number of police calls would not include domestic
abuse or medical calls. He added that the ordinance proposes to include a 100% surcharge at the
time a provisional license is issued which is intended to cover added costs for the city. He stated the
next step is an informational meeting with the current license holders for further discussion. The
final ordinance would then be presented to Council for consideration at a first reading.
Councilmember Mavity asked if there could be a situation where a particular property could have a
provisional license for three years.
Mr. Hoffman replied that would be unlikely and stated that if a property fails to come into
compliance, the license would go into non-renewal or suspension and the City would pursue a court
order directing the property owner to address the problems.
City Council Meeting of June 21, 2010 (Item No. 3c) Page 2
Subject: Special Study Session Meeting Minutes June 7, 2010
Councilmember Finkelstein stated that he was in agreement with the proposed changes, particularly
the provisional license component, and noted that the ordinance will encourage property owners to
be responsible and to work on improving and making changes to their property when necessary. He
added that staff will work with the property owners in that regard and the proposed changes are not
directed at any specific property. He added that the Council is interested in keeping the City a
livable place and the proposed ordinance changes are well within the City’s police powers.
It was the consensus of the City Council to proceed with the proposed ordinance changes and to
notify the current multi-family property owners about the ordinance changes, including scheduling
an informational meeting for further discussion.
2. Update on Convention and Visitors Bureau
Mr. Hunt presented the staff report and stated that staff has been discussing the convention and
visitors bureau (CVB) concept with local business owners and the TwinWest Chamber of
Commerce board. He indicated that staff and the President of the TwinWest Chamber have also
been talking with local hoteliers about the CVB concept. He stated that from a general business
perspective, most people think the CVB would be favorable to the community; for the hoteliers, the
reaction has been mixed. He presented a memo from Mr. Bruce Nustad, President of TwinWest
Chamber of Commerce, summarizing recent visits with local hoteliers. He suggested that the next
step would be to bring the stakeholders together as a whole to obtain their input, to determine if
they are willing to participate in the organization, and to discuss how the organization would be
structured. He stated that the organization is proposed to be funded with a 3% local lodging tax,
which is allowed by state statute. He then presented a draft concept plan for creation of a
convention and visitors bureau.
Mr. Harmening stated that the concept plan lists potential CVB focus areas and noted that the focus
areas are intended to promote overall tourism in the community, including leisure tourism,
meetings, conventions and events, as well as promoting economic growth in the community. He
stated that it is proposed to create a separate 501(c)(3) organization with representation on the board
by key stakeholders, including the City.
Mr. Hunt stated that if a CVB is created, the hotels would collect the local lodging tax, send it to the
Department of Revenue, and the Department of Revenue would then send it to the City for
operation of the CVB; the City can take up to a 5% administrative fee.
Councilmember Mavity asked if the proposed budget was drafted based on the full 3% local lodging
tax being collected.
Mr. Hunt stated that it makes sense to charge 3% at the outset because that is when the organization
is most in need of money to fund upfront costs, etc.
Councilmember Omodt stated he was in favor of the CVB concept and encouraged staff to keep
moving as fast as possible on the creation of a CVB. He recalled an earlier comment by someone
that there appeared to be some overlap with other convention and visitors bureaus.
City Council Meeting of June 21, 2010 (Item No. 3c) Page 3
Subject: Special Study Session Meeting Minutes June 7, 2010
Mr. Hunt stated that the Marriott currently pays a fee into the Minneapolis Convention and
Visitors Bureau, but there is no active promotion of facilities here in St. Louis Park.
Mayor Jacobs stated it will be important to work with the Minneapolis Chamber of Commerce and
other organizations, including the Minnesota Twins, to do some promotional work with them.
Councilmember Santa asked that Three Rivers Park District be included as a stakeholder as a means
of promoting biking tours throughout the area.
Mr. Harmening stated that staff intends to hold one more stakeholder meeting, which will include
local restaurants, and to then present Council with documents that create the CVB and put the local
lodging tax in place.
It was the consensus of the City Council to proceed with formation of a convention and visitors
bureau for St. Louis Park.
Mr. Harmening acknowledged the efforts of staff, including Mr. Hunt, Ms. Gothberg, and Mr.
Zwilling.
The meeting adjourned at 6:55 p.m.
Written Reports provided and documented for recording purposes only:
3. Fire Stations & Northside Park Updates
______________________________________ ______________________________________
Nancy Stroth, City Clerk Jeff Jacobs, Mayor
Meeting Date: June 21, 2010
Agenda Item #: 4a
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Application to Municipal Agreement Program for Street Project - Highway 7 and Louisiana Avenue
Intersection, Project No. 2012-0100.
RECOMMENDED ACTION:
Motion to Adopt Resolution Requesting Funding from the Minnesota Department of
Transportation (Mn/DOT) through the Municipal Agreement Program for Street Project -
Highway 7 and Louisiana Avenue Intersection, Project No. 2012-0100.
POLICY CONSIDERATION:
Does the City Council wish staff to continue to pursue funding for this project?
BACKGROUND
The City’s Capital Improvement Program (C.I.P.) indentifies the Hwy 7/Louisiana Avenue
intersection as a priority improvement project. The proposed project will provide for the
construction of a grade-separated interchange at Louisiana Avenue and Hwy 7. The project will also
include pedestrian and bicycle friendly improvements along with re-configuration of the frontage
roads in order to improve access, safety, and traffic flow for both the Hwy 7 corridor and Louisiana
Avenue. This proposed improvement is essential in meeting the transportation and safety needs of
both Mn/DOT and the City.
FINANCIAL OR BUDGET CONSIDERATION:
The estimated total project costs at this time are as follows:
Total Project Cost (construction, ROW, agreements, design, etc.)
Construction $16,500,000
Engineering $ 3,300,000
Right of Way $ 3,000,000
TOTAL PROJECT COSTS $21,800,000 (based on button-hook/round-about design)
Funding Sources and Opportunities
$7,630,000 in federal funds have been secured through the Met Council’s State Transportation
Program Urban Grant solicitation. Staff has also sought other federal funding opportunities through
grant applications and solicitations including requests to our US legislators.
Current funding for Phase 1, 2 and 3 (project development and preliminary design) is coming from
HRA levy proceeds which have been designated to pay for infrastructure improvements in
redeveloping areas.
City Council Meeting of June 21, 2010 (Item No. 4a) Page 2
Subject: Mn/DOT Municipal Agreement Funding Request (T.H. 7-Louisiana Improvement Project)
One potential construction funding source is the Minnesota Department of Transportation’s
Municipal Agreement Program. The Municipal Agreement Program provides funding to
construction projects that are developed and administered by local agencies and provide a benefit to
both the local community and the trunk highway system. The maximum amount attainable from
this program for a project is $550,000 for construction, along with 8% for construction engineering
and inspection, for a total of $594,000. There is a formal application and approval process used by
Mn/DOT to award these funds. They are awarded on a competitive basis so there are no guarantees
we will obtain these funds.
As part of the application process, a Local Agency Resolution requesting funding from Mn/DOT
through the Municipal Agreement Program is required. The application must be submitted to
Mn/DOT by July 16, 2010 for the release of funds in fiscal year 2012.
VISION CONSIDERATION:
The following Strategic Direction and focus area has been identified by Council:
St. Louis Park is committed to being a connected and engaged community.
Focus will be on:
• Promoting regional transportation issues and related dedicated funding
sources affecting St. Louis Park including but not limited to Highway 100
and SWLRT.
Attachments: Resolution Requesting Funding from the Mn/DOT through the Municipal
Agreement Program.
Prepared by: Jim Olson, Engineering Project Manager
Reviewed by: Michael P. Rardin, Director of Public Works
Approved by: Tom Harmening, City Manager
City Council Meeting of June 21, 2010 (Item No. 4a) Page 3
Subject: Mn/DOT Municipal Agreement Funding Request (T.H. 7-Louisiana Improvement Project)
RESOLUTION NO. 10-______
RESOLUTION TO REQUEST FUNDING FROM THE
MINNESOTA DEPARTMENT OF TRANSPORTATION THROUGH THE
MUNICIPAL AGREEMENT PROGRAM FOR STREET PROJECT
- HIGHWAY 7 & LOUISIANA AVENUE INTERSECTION,
PROJECT NO. 2012-0100
WHEREAS, the City of St. Louis Park has been planning improvements to improve the
Trunk Highway (TH) 7 and Louisiana Avenue intersection; and
WHEREAS, the City has begun the preliminary design for a new interchange and
supporting roadway system at TH 7 and Louisiana Avenue; and
WHEREAS, said proposed improvements include constructing a bridge over Louisiana
Avenue, construction of access/exit ramps, and improvements to the local street system in order to
allow the closure of three access points to TH 7; and
WHEREAS, the estimated costs to construct the proposed improvements are $16.5 million;
and
WHEREAS, the City of St. Louis Park is therefore requesting $550,000 in Municipal
Agreement funding and construction engineering/inspection for these improvements to the
Mn/DOT trunk highway system (TH 7).
NOW, THEREFORE BE IT RESOLVED, that the St. Louis Park City Council hereby
requests $550,000 plus an additional $44,000 in construction engineering and inspection, for a total
of $594,000 in funding from Mn/DOT through the Municipal Cooperative Agreement program for
the TH 7 and Louisiana Avenue Interchange improvements.
Reviewed for Administration: Adopted by the City Council June 21, 2010
City Manager
Mayor
Attest:
City Clerk
Meeting Date: June 21, 2010
City Council Agenda Item #: 4b
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Designating Polling Places and Appointing Election Judges for 2010 Elections.
RECOMMENDED ACTION:
Motion to adopt Resolution designating 2010 polling places and appointing election judges for the
August 10, 2010 State Primary Election and the November 2, 2010 State General Election.
POLICY CONSIDERATION:
None
BACKGROUND:
MN Statute 204B.21, Subd. 2 and City Charter Section 4.05 provides that election judges for
precincts shall be appointed by the governing body of the municipality and that the appointments be
made at least 25 days before the election at which the election judges will serve. Election judges are
assigned to precincts based on availability, party balance, and the number required for each location.
Election judges are also allowed to serve without affiliation to a major political party, but are not
allowed to perform certain tasks at the precinct. The resolution contains the names of those who
have indicated a willingness and ability to serve as an election judge, and appointment by the
Council will allow the judges to serve at the 2010 Elections.
St. Louis Park will again be working with the city’s two senior high schools to recruit student
election judges for the November 2, 2010 State General Election. Another resolution will be
presented to Council in September to appoint additional election judges and student judges for the
General Election. In Hennepin County, each city is responsible for training their election judges.
To accommodate all the election judges this year, a total of eight 2½ hour paid training sessions are
scheduled for regular and student judges, four Chair and Co-Chair training sessions, and additional
training for absentee ballot board judges of new required absentee voting procedures.
FINANCIAL OR BUDGET CONSIDERATION:
Election expenses for judges are included in the adopted 2010 budget. Election judge pay has
remained the same since 2006. Election judge hourly pay is as follows: $8.25 regular judges, $9.25
Co-Chair judges; $9.75 Chair judges.
VISION CONSIDERATION:
St. Louis Park is committed to being a connected and engaged community through recruitment and
training of community members to serve as Election Judges.
Attachments: Resolution
Prepared by: Nancy Stroth, City Clerk
Approved by: Tom Harmening, City Manager
City Council Meeting of June 21, 2010 (Item 4b) Page 2
Subject: Designating Polling Places and Appointing Election Judges for 2010 Elections
RESOLUTION NO. 10 -_____
RESOLUTION DESIGNATING POLLING PLACES AND
APPOINTING ELECTION JUDGES FOR THE
PRIMARY AND GENERAL ELECTION OF 2010
WHEREAS, the State Primary and General Election will be held on August 10, 2010 and
November 2, 2010 at the following precinct polling locations:
Ward 1 Precinct 1 – Benilde/St. Margaret’s High School, 2501 State Hwy 100 S
Ward 1 Precinct 2 – Peter Hobart Elementary Center, 6500 W. 26th Street
Ward 1 Precinct 3 – Peter Hobart Elementary Center, 6500 W. 26th Street
Ward 1 Precinct 4 – Central Community Center, 6300 Walker Street
Ward 1 Precinct 5 – St. Louis Park City Hall, 5005 Minnetonka Blvd.
Ward 2 Precinct 6 – St. Louis Park City Hall, 5005 Minnetonka Blvd.
Ward 2 Precinct 7 – St. Louis Park Recreation Center, 3700 Monterey Drive
Ward 2 Precinct 8 – Susan Lindgren Intermediate Center, 4801 W 41st Street
Ward 2 Precinct 9 – Aldersgate United Methodist Church, 3801 Wooddale Ave S
Ward 3 Precinct 10 – Prince of Peace Lutheran Church, 8115 State Hwy No 7
Ward 3 Precinct 11 – St. Louis Park Senior High School, 6425 W. 33rd Street
Ward 3 Precinct 12 – Lenox Community Center, 6715 Minnetonka Blvd.
Ward 3 Precinct 13 – Aquila Elementary Center, 8500 W. 31st Street
Ward 4 Precinct 14 – Westwood Lutheran Church, 9001 Cedar Lake Road
Ward 4 Precinct 15 – Peace Presbyterian Church, 7624 Cedar Lake Road
Ward 4 Precinct 16 – St. Louis Park Junior High School, 2025 Texas Ave S
Ward 4 Precinct 17 – Peace Presbyterian Church, 7624 Cedar Lake Road
WHEREAS, pursuant to MN Statute 206.58, the City of St. Louis Park authorizes the use
of the certified ES&S Model 100 Optical Scan Precinct Voting Equipment, ES&S AutoMARK
Assisted Voting Technology Equipment, and the ES&S Central Counter Model 650 for the
tabulation of all absentee ballots; and
WHEREAS, as authorized by MN Statute 204B.21, Subd. 2, election judges for precincts
shall be appointed by the governing body of the municipality no later than 25 days before each
election; and
NOW, THEREFORE, BE IT RESOLVED, by the St. Louis Park City Council that the
following individuals named on Exhibit A and on file in the office of the City Clerk are hereby
appointed to serve as election judges, absentee ballot board judges, or alternate judges for the 2010
Primary and General Election; and
City Council Meeting of June 21, 2010 (Item 4b) Page 3
Subject: Designating Polling Places and Appointing Election Judges for 2010 Elections
BE IT FURTHER RESOLVED, the St. Louis Park City Council also appoints other
individuals and all members appointed to the Hennepin County Absentee Ballot Board as
authorized under Minn. Stat. 204B.21, subd. 2 under direction of the Election Manager to serve as
members of the St. Louis Park Absentee Ballot Board; and
BE IT FURTHER RESOLVED, that the City Clerk is with this, authorized to make any
substitutions or additions as deemed necessary.
Reviewed for Administration Adopted by the City Council June 21, 2009
City Manager Mayor
Attest:
City Clerk
City Council Meeting of June 21, 2010 (Item 4b) Page 4
Subject: Designating Polling Places and Appointing Election Judges for 2010 Elections
Resolution No. 10-___ Exhibit A
Appointed 2010 Election Judges
Ward 1
1-1, Benilde - St. Margaret’s
Lou Schoen-Chair
Mary Enz-Co-Chair
Richard Steege-Co-Chair
Nathan Proano
Michele Struss
Julie Anne Manuel
Linda Hines
Jill Dueseher
Farrel Braunstein
Elizabeth Fluegel
Judith Cook
Gus Virkus
1-2, Peter Hobart Primary Center
Todd Hintz-Chair
Eunice Slager-Co-Chair
Margaret Marek
Cheryl Kerr
Jane Ahrens
Jo Gruenberg
Gloria Murman
Constance Nerheim
Michael Wyman
Dianne Casey
Henry Gagner
Paula Keseley
Gloria Miller
1-3, Peter Hobart Primary Center
Kay Drache-Chair
Jan Bloom-Co-Chair
Jeffrey Murman
Rose Bratland
J. Hamilton Kurtz
Elianna Thorne
Thomas Morris
Denise Zurn
Margaret Rog
Carla Kulas
Katherine Kloehn
Duane Googins
Marcia Tuberman
1-4, Central Community Center
Jami LaPray-Chair
Nanette Malcomson-Co-Chair
David Murray
Ira Bagloo
Theresa Arnold
JoAnn Cox
Nan Blomquist
Dolores Novotney
Dolores Novotney
Donald Becker
Janet Polach
1-5, City Hall - Community Room
Barbara Ruhl-Chair
Mary Maynard-Co-Chair
Jane Angrist
Ferda Olson
Gail Goldstein
Susan Wisely
Karmit Bulman
Esther Smith
Lucille Thornsjo
Gay Ann Ellingsberg
Barb Osfar
Barbara Lindblad
Helen Osfar
Ward 2
2-6, City Hall - Council Chambers
Rick Marsden-Chair
David Brehmer-Co-Chair
Wade Wiken
Katie McElroy
Maureen Gormley
Heidi Finnerud
William Kenyon
Marie Grimes
Mary Johnson
Philip Lindblad
Duane Googins
Carol Kohler
Barbara Barbo
City Council Meeting of June 21, 2010 (Item 4b) Page 5
Subject: Designating Polling Places and Appointing Election Judges for 2010 Elections
2-7, St. Louis Park Rec Center
Margaret Plumeri-Chair
Debra Wuebker-Co-Chair
Kate Burggraff-Co-Chair
David Richards
Linda Grisim
Scott Carpenter
Judith Adams
Steve Dubiak
Kristi Gabrielson
Deb Rawls
Amy Bagne
John Paul Gille
Martha Rice
Lyla Schemel
Terry Ingram
2-8, Susan Lindgren Intermediate Center
Jon Bloom-Chair
Loren Botner-Co-Chair
Katherine Thiessen
Josh Susser
Lawrence Carlson
David Cox
Patricia Monson
Anne Kertes
Cecile Javinsky
Tom Lynch
Roger Ruth
Lindsey Powell
2-9, Aldersgate United Methodist Church
David Larson-Chair
Deb Bjorgaard-Co-Chair
Charles Hubbard
Mary Campbell
Brian Fiderlein
Melissa Cinnell
Adriana Zona
Marquerite Krause
Margaret Adams
Dawn Brunn
Ronald Adams
Ward 3
3-10, Prince of Peace Lutheran Church
William Tape-Chair
William Magdziarz-Rainey-Co-Chair
Brendalee Litman
Patricia Dalin
Robin Kirscher
Marlene Touchberry
Clara Quinn
Carol Johnson
Betty Deane
Brandee VonEschen
Angela Fischels
Lois Siegel
Jo Tennison
3-11, St. Louis Park Senior High School
Judith Serrell-Chair
Janet Benson-Co-Chair
Nancy Lapakko
Emma Disrud
Francis Schmit
Kris Stapleton
Kelley Rung
Lois Nalezny
Camille Ritter
Kimberly Aune
Tim Gormley
Kelley Nelson
3-12, Lenox Community Center
Patricia Otterblad-Chair
MaryJo Scully-Co-Chair
Gay Urness
Ava Marske
Kirsten Kurtz
Agnes Holden
Wenda Gallice
Catherine Kiefer
Judy Shapiro
Sally Meyers
Amy Thie
Glenice Cannon
3-13, Aquila Primary Center
Michael Williams-Chair
Ken Huiras-Co-Chair
Karen Secor
Dward Kasan
William Watson
Irene Thoennes
Myrtle Monroe
Heather Mainella
Elbert Sutliff
Ruth Wohlers
Carolyn Kaehr
City Council Meeting of June 21, 2010 (Item 4b) Page 6
Subject: Designating Polling Places and Appointing Election Judges for 2010 Elections
Ward 4
4-14, Westwood Lutheran Church
Jean Stulberg-Chair
Mary Wickersham-Chair
Diana Schug
Joan Lee
Mary Wheeler
Paul Tanick
Joan Gerhardson
Joan Bussen
Jean Doherty
Sandra Johnson
4-15, Peace Presbyterian Church
Mary Hendrix-Chair
Peter Gardner-Co-Chair
Todd Kalk
Sherm Stanchfield
Lillian Goltzman
Roger Strand
Bonnie Skelton
Richard Thorne
Susan Kay Cochran
Sheila Hanley
Carol Schaub
4-16, St. Louis Park Junior High School
Mary Lou Christensen-Chair
Ross Plovnick-Co-Chair
Frank Wells
Bill Theobald
Elaine Savick
Patricia Palm
Martin Lee
Clint Clement
Kathy McKay
Paula Maisel
Mary Kaye Conery
Fred Rose
4-17, Peace Presbyterian Church
Brenda Martens-Chair
Stephan Koepcke-Chair
Helen Desens
Patricia Kremer
Ross Oden
John Steinert
Michael George
Josie Petermeier
Michael George
John White
Lucille Epstein
Arlene Drabek
Absentee Ballot Board Judges
Nancy Berlin
Micki Danovsky
Carol Evers
Shirley Huiras
Jo Jacobs
Kathy Stehly
Patricia Ploof
Alice Tangney
Kris Luedke
Alternate Election Judges
Jane Kahm
Richard Olson
Henry Solmer
Fran Addington
Dale Krishef
Michael Held
Peggy Hilgers
Shirley Bierma
Geri Stalling
Jeanne Bearmon
Edwin Worrell
Dave Walters
Barbara Wilensky
Roberta Wilensky
Max Addis
Tom Green
Bernice Hill
Martha Roberts
Ruby Addis
Mary Wiedman
Deanie Lerner
Meeting Date: June 21, 2010
Agenda Item #: 4c
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Bid Tabulation: Maintenance Project - 2010 Random Concrete Repair Project – Project No. 2010-
0003, 0004, & 0006.
RECOMMENDED ACTION:
Motion to designate Ron Kassa Construction, Inc. the lowest responsible bidder and authorize
execution of a contract with the firm in the amount of $116,190.00 for the 2010 Random Concrete
Repair Project – Project No. 2010-0003, 0004, and 0006.
POLICY CONSIDERATION:
Does the City Council wish to continue the City’s practice of replacing sidewalk, curb and gutter
and catch basins in need of repair?
BACKGROUND:
Bid Information:
Bids were received on June 10, 2010 for the annual repair and construction of sidewalk, curb and
gutter, and storm sewer catch basins at various locations in the city. Staff annually surveys the
condition of sidewalks to identify hazards for repair. Panels of sidewalk that are cracked or have
been lifted by tree roots to create trip hazards are removed and replaced under this contract. Curb
and gutter with similar defects that create drainage or safety problems are also repaired.
Deteriorating catch basins that are within the work area will also be repaired or rebuilt. Most of the
work will be concentrated in next year’s sealcoating area (Area 3, which includes the Westwood
Hills, Cedar Manor, Crestview, Westdale, Kilmer and Shelard Park neighborhoods).
An advertisement for bids was published in the St. Louis Park Sun-Sailor on May 20, 2010. A total
of two (2) bids were received for this project. A summary of the bid results is as follows:
CONTRACTOR BID AMOUNT
Ron Kassa Construction, Inc. $116,190.00
Concrete Idea, Inc. $139,060.00
Engineer’s Estimate $134,128.50
Evaluation of Bids:
A review of the bids indicates Ron Kassa Construction, Inc. submitted the lowest responsible bid.
Kassa is a reputable contractor that has worked for the city before and has successfully completed
previous contracts.
City Council Meeting of June 21, 2010 (Item No. 4c) Page 2
Subject: Bid Tabulation: 2010 Random Concrete Repair Improvement Project Nos. 2010-0003, 0004, and 0006
Construction Timeline:
Construction typically occurs in July, August and September and is scheduled to be completed in 30
working days once construction begins.
FINANCIAL OR BUDGET CONSIDERATION:
A total of $165,000 in funds for this maintenance project are allocated in the Public Works
Operations budget, Stormwater Utility budget and the Pavement Management budget. $80,000 of
the Operations budget is available for sidewalk repairs. $50,000 of the Pavement Management
budget plus $15,000 of the Operations budget is available for curb and gutter repairs. $20,000 of
the Stormwater Utility budget is available for catch basin repairs.
Approximately $22,000 of the Public Works Operations budget is being spent on the pilot project
for sidewalk trip hazard repairs. As result, a balance of about $143,000 remains designated for these
random concrete repairs.
VISION CONSIDERATION:
Not applicable.
Attachments: None
Prepared by: Jim Olson, Engineering Project Manager
Reviewed by: Scott Brink, City Engineer
Michael P. Rardin, Director of Public Works
Approved by: Tom Harmening, City Manager
Meeting Date: June 21, 2010
Agenda Item #: 4d
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Tom Gasman Retirement Resolution
RECOMMENDED ACTION:
Motion to adopt Resolution to recognize Tom Gasman’s retirement after 27 years of service to the
City of St. Louis Park
POLICY CONSIDERATION:
None.
BACKGROUND:
City policy states that employees who retire or resign in good standing with over 20 years of service
will be presented with a Resolution from the Mayor, City Manager and City Council.
This consent item will officially adopt the Resolution that honors Tom Gasman for his years of
service.
FINANCIAL OR BUDGET CONSIDERATION:
None.
VISION CONSIDERATION:
None.
Attachments: Resolution
Prepared by: Ali Fosse, HR Coordinator
Reviewed by: Nancy Deno Gohman, Deputy City Manager/HR Director
Approved by: Tom Harmening, City Manager
City Council Meeting of June 21, 2010 (Item No. 4d) Page 2
Subject: Tom Gasman Retirement Recognition Resolution
RESOLUTION NO. 10-___
RESOLUTION OF THE
CITY COUNCIL OF ST. LOUIS PARK, MINNESOTA,
RECOGNIZING THE CONTRIBUTIONS OF AND EXPRESSING APPRECIATION
TO TOM GASMAN
WHEREAS, Tom Gasman began his employment with the City of St. Louis Park over 27 years
ago on September 20, 1982; and
WHEREAS, Tom was born and raised in St. Louis Park and took pride in serving the residents
of his hometown; and
WHEREAS, Tom’s great sense of humor has provided much enjoyment to his fellow
employees, he had the ability to make a very difficult job fun for those working with him; and
WHEREAS, Tom took pride in his military service as a Jarhead/Marine, and says that “once a
Marine always a Marine”; and
WHEREAS, Tom took great satisfaction in training new staff on meter installation; and
WHEREAS, Tom will always be remembered as the guy who walked into a serious utility
business meeting on his hands; and
WHEREAS, Tom worked on repairing over 800 watermain breaks during his time with the
Utilities Division, many required working long days, weekends and holidays; and
WHEREAS, Tom’s efforts in maintaining the water, sewer and storm sewer utilities provided
great service to the people of St. Louis Park;
NOW THEREFORE BE IT RESOLVED that the City Council of the City of St. Louis Park,
Minnesota, by this Resolution and public record, would like to thank Public Service Worker Tom
Gasman for his great contributions and over 27 years of dedicated service to the City of St. Louis
Park and wish him the best in his retirement.
Reviewed for Administration: Adopted by the City Council June 21, 2010
City Manager Mayor
Attest:
City Clerk
Date: June 21, 2010
Agenda Item #: 4e
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Approve Right of Way Purchase – Highway 7/Wooddale Interchange Project – Project No. 2004-
1700.
RECOMMENDED ACTION:
Motion to approve right of way purchase in the total amount of $543,000 for Parcel 3 (the
McGarvey Coffee Property, owned by the Sara Lee Corporation), and authorize the City Attorney to
execute stipulation of settlement.
POLICY CONSIDERATION:
Not Applicable. This action is consistent with previous direction given by the Council.
BACKGROUND:
History:
At the February 2, 2009 City Council meeting, Council approved a resolution Authorizing
Condemnation of Land for Public Purposes for the Highway 7/Wooddale Interchange Project.
Prior to that action, specific right of way needs were determined and appraisals for five identified
properties were conducted.
Since the action taken a year ago, the City Attorney commenced eminent domain proceedings
pursuant to Minnesota Statutes Chapter 117 to acquire the necessary land over the five properties
identified. Pursuant to the “quick take” provisions of Minnesota Statutes, the City Attorney has
negotiated a settlement with the legal representatives of Parcel 3 in the total amount of $543,000.
The City’s appraisal is in the amount of $493,000. The property owner would be entitled to
appraisal reimbursement up to $5,000 if the matter is not settled. The City Attorney recommends
approval of this settlement. The Parcel 3 property is located along the south frontage road of
Highway 7 and east of Wooddale Avenue (5725 State Highway 7); this acquisition provides
additional space for the re-alignment of the south frontage road.
In addition to Parcel 3, the City Attorney also negotiated a settlement with Parcel 5 (located at
Wooddale and 35th St.) which the City Council approved on March 1, 2010. Negotiations and
condemnation settlements are still proceeding on three other properties. These include SPS (Apex
Realty) on the south side of the highway, along with smaller amounts of property needed on the
north side from the St. Louis Park School District (Central Community Center) and the small office
building at the northeast corner of the Highway 7/Wooddale intersection. As negotiations are
finalized on these remaining properties, similar purchase authorizations will be presented to Council.
City Council Meeting of June 21, 2010 (Item No. 4e) Page 2
Subject: Approve Right of Way Purchase – Highway 7/Wooddale Interchange Project – Project No. 2004-1700
FINANCIAL AND BUDGET CONSIDERATION:
The project budget as previously presented anticipates right of way acquisition costs, and is being
funded through the City’s share of the project costs.
VISION CONSIDERATION:
The following Strategic Direction and focus area was identified by Council in 2007:
St. Louis Park is committed to being a connected and engaged community.
Focus will be on:
• Promoting regional transportation issues and related dedicated funding sources
affecting St. Louis Park.
Attachments: SRF Plan Sheet – Parcel 3 Location
Prepared by: Scott Brink, City Engineer
Reviewed by: Mike Rardin, Director of Public Works
Tom Scott, City Attorney
Approved by: Tom Harmening, City Manager
City Council Meeting of June 21, 2010 (Item No. 4e) Page 3
Subject: Approve Right of Way Purchase – Highway 7/Wooddale Interchange Project – Project No. 2004-1700
Meeting Date: June 21, 2010
Agenda Item #: 4f
OFFICIAL MINUTES
PLANNING COMMISSION
ST. LOUIS PARK, MINNESOTA
May 19, 2010 – 6:00 p.m.
COUNCIL CHAMBERS
MEMBERS PRESENT: Lynne Carper, Robert Kramer, Dennis Morris,
Richard Person, Carl Robertson, Larry Shapiro
MEMBERS ABSENT: Andrew Ford, Claudia Johnston-Madison
STAFF PRESENT: Adam Fulton, Meg McMonigal, Nancy Sells
1. Call to Order – Roll Call
2. Approval of Minutes of April 21, 2010 and May 5, 2010
Commissioner Kramer made a motion to recommend approval of the minutes of April 21,
2010 and May 5, 2010. Commissioner Morris seconded the motion, and the motion passed
on a vote of 4-0. (Commissioners Carper and Robertson arrived shortly after the vote.)
3. Hearings
A. Amendment to Special Permit for U-Haul Rental Facility
Location: 8951 36th St. West
Applicant: J.J. Beske Holdings, LLC
Case No.: 10-16-SP
Chair Person stated that a letter was received on May 19, 2010 from the applicant requesting
that the hearing be postponed until June 16, 2010. The Chair postponed the hearing until
that date.
B. Conditional Use Permit for Excavation – Sam’s Club Gas Station
Location: 3745 Louisiana Avenue South
Applicant: Sam’s Club/Wal-Mart
Case No.: 10-17-CUP
Adam Fulton, Planner, presented the staff report. He explained that there has been some
differential settling of soil at the fueling station subsequent to construction. He explained
that the soils to be excavated are probably not natural soils to the area. They are probably
soils that developed over time through some of the industrial processes that occurred in this
area. The 2,000 cubic yards referenced in the staff report may be exceeded a bit and the
number will be modified in the Council report to reflect that.
Mr. Fulton discussed the haul route and stated there is no concern about interference
between the hauling and residential activity within the City.
City Council Meeting of June 21, 2010 (Item 4f) Page 2
Subject: Planning Commission Minutes May 19, 2010
Mr. Fulton spoke about the Remedial Action Plan for the site which must be provided to the
City as a condition of the Conditional Use Permit.
Commissioner Kramer asked why it is believed that the canopy and small building won’t
have settling problems.
Mr. Fulton said he expected the engineering analysis determined that those footings are
sufficiently stable. He added that a number of permits will be required from the Fire
Marshall and Building Official to make sure construction specifications are met.
Commissioner Kramer asked why the contaminated fill isn’t stable.
Mr. Fulton said the material of concern is calcium hydroxide. He explained that it’s not an
unstable material, it is just not a very desirable material for foundation. He said that the
surrounding soils expand and contract at different rates resulting in some cracking,
differential settling, and frost heave.
Commissioner Morris said his understanding is that there will not be any physical changes to
the site. Everything will look the same.
Mr. Fulton replied that is correct and upon completion of this project the site will be
restored to fully meet the exhibits from the 2005 Conditional Use Permit approval.
Chair Person asked how many truckloads of material would be removed.
Mr. Fulton said the general number on the high end is for 2,000 cubic yards of material. He
said generally one short dump truck would take approximately 10 cubic yards or
approximately 200 truck trips. He added that it is not known exactly how much soil will be
excavated at the final count.
Jarmon Peregoy, PE, Carlson Consulting Engineers, spoke about the foundation of the kiosk
building and the frost depth in St. Louis Park. The foundations are already expected to go
down to frost depth, about six feet. That penetrated the zone of contaminated soils. He
explained in areas where the contaminated zone was slightly deeper, correction was made in
the field during construction. Those footings are founded on good material. There aren’t
concerns with settlement of that structure. Mr. Peregoy said the reason calcium hydroxide
soil, also referred to as lime, is considered contaminated is because of the PH level which is
somewhere around 12 – 12.5. 12.5 and over is hazardous material. They propose to test the
soil as it comes out, as described in the Remedial Action Plan. If the PH is less than 12.5 it
can be direct hauled to a facility. If it is over 12.5 it will be treated on site and hauled off.
Commissioner Kramer asked if the PH is at a naturally occurring high level or if it happened
as a result of industrial activity.
Mr. Peregoy said it is due to the nature of the material and is the result of industrial process.
He said it is not a naturally occurring soil.
Commissioner Kramer asked where the material will be hauled.
Mr. Peregoy said it will be hauled to a special waste facility.
City Council Meeting of June 21, 2010 (Item 4f) Page 3
Subject: Planning Commission Minutes May 19, 2010
Commissioner Kramer asked about qualities if the waste is airborne.
Mr. Peregoy responded that lime is used routinely. The lime is a thick layer which absorbs
much moisture and pavement is rising up 5-6 inches which is why it is being corrected. In
this case it is the PH level which is a concern. He said trucks carrying the material will be
covered.
Chair Person opened the public hearing. As no one was present wishing to speak, the Chair
closed the public hearing.
Commissioner Morris moved approval of the Conditional Use Permit subject to conditions
recommended by staff. Commissioner Kramer seconded the motion and the motion passed
on a vote of 6-0.
4. Other Business
Meg McMonigal, Planning and Zoning Supervisor, spoke about the May 18th neighborhood
meeting which was held to discuss the reuse of the Eliot School site. She asked if a Planning
Commissioner would volunteer to be on the Task Force regarding the design guideline
process for the reuse of the site. Commissioner Robertson indicated he would like to serve
on the Task Force.
5. Communications
A. Updates: West End Development, West End public art, Ellipse public art
Commissioner Morris said he finds the West End site attractive but commented that
the shops seem heavy on fast food and high end restaurants. The retail tenants seem
to be more light weight than expected.
Ms. McMonigal said the economy did change during the time of planning this
development. She said Duke has done quite well in securing many leases considering
the economic environment. She added that there weren’t any promises of particular
stores or merchants. The restaurants are doing better in this environment right now
than the typical retail stores. The development is about 70% leased.
Discussion followed regarding the parking ramp, office development, road
connections and bike connections.
B. No meeting on June 2, 2010
5. Adjournment
The meeting was adjourned at 6:27 p.m.
Respectfully submitted,
Nancy Sells
Administrative Secretary
Meeting Date: June 21, 2010
Agenda Item #: 4g
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Vendor Claims.
RECOMMENDED ACTION:
Motion to accept for filing Vendor Claims for the period June 1, 2010 through June 18, 2010.
POLICY CONSIDERATION:
Not applicable.
BACKGROUND:
The Finance Department prepares this report on a monthly basis for Council’s review.
FINANCIAL OR BUDGET CONSIDERATION:
None.
VISION CONSIDERATION:
Not applicable.
Attachments: Vendor Claims
Prepared by: Connie Neubeck, Account Clerk
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
1Page -Council Check Summary
6/18/2010 -6/1/2010
Vendor AmountBusiness Unit Object
52.10FABRICATIONOTHER IMPROVEMENT SUPPLIES3M
52.10
50.88PARK AND RECREATION BALANCE SH INVENTORYA-1 OUTDOOR POWER INC
145.76TREE MAINTENANCE GENERAL SUPPLIES
196.64
37.51PARK GROUNDS MAINTENANCE GENERAL SUPPLIESAAA LAMBERTS LANDSCAPE PRODUCT
16.07STORM WATER UTILITY G&A OTHER IMPROVEMENT SERVICE
53.58
21.37SEWER UTILITY G&A BLDG/STRUCTURE SUPPLIESACE SUPPLY CO
21.37
2,330.00WATER UTILITY G&A OTHER CONTRACTUAL SERVICESACZ LABORATORIES INC
2,330.00
50.00NEIGHBORHOOD PUBLIC ART OTHER CONTRACTUAL SERVICESADELMANN, JACKIE
50.00
494.50H.V.A.C. EQUIP. MTCE BUILDING MTCE SERVICEALLIANCE MECH SRVCS INC
494.50
611.43PATCHING-PERMANENT OTHER IMPROVEMENT SUPPLIESALLIED BLACKTOP
611.43
172.33WATER UTILITY G&A GENERAL CUSTOMERSALYMER, BRIAN
172.33
117.20GENERAL BUILDING MAINTENANCE OPERATIONAL SUPPLIESAMERIPRIDE LINEN & APPAREL SER
206.28PUBLIC WORKS OPS G & A OPERATIONAL SUPPLIES
133.08PARK MAINTENANCE G & A OPERATIONAL SUPPLIES
80.16ENTERPRISE G & A GENERAL SUPPLIES
93.32VEHICLE MAINTENANCE G&A OPERATIONAL SUPPLIES
109.78WATER UTILITY G&A OPERATIONAL SUPPLIES
109.78SEWER UTILITY G&A OPERATIONAL SUPPLIES
849.60
1,125.52SUPPORT SERVICES G&A OFFICE SUPPLIESANCHOR PAPER CO
1,125.52
1,026.90INSTALLATIONOTHER IMPROVEMENT SUPPLIESANDERSEN INC, EARL
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
2Page -Council Check Summary
6/18/2010 -6/1/2010
Vendor AmountBusiness Unit Object
1,453.76FABRICATIONOTHER IMPROVEMENT SUPPLIES
2,480.66
80.00RENTALRENT REVENUEANTHONY MIDDLE SCHOOL
80.00
193.10MUNICIPAL BLDG RENTAL BUILDINGSAPPLIANCE RECYCLING CENTERS
193.10
32.91COMMUNICATIONS/GV REIMBURSEABL TELEPHONEAT&T
32.91
1,100.00POLICE G & A TRAININGATOM
1,100.00
3,960.00WATER UTILITY G&A OTHERAUTOMATIC SYSTEMS INC
1,494.66WATER UTILITY G&A EQUIPMENT MTCE SERVICE
120.00SEWER UTILITY G&A EQUIPMENT MTCE SERVICE
5,574.66
587.00MUNICIPAL BLDG BUILDINGS & STRUCTURESB&M HAZELWOOD MASONRY INC
587.00
4,965.02OFF-LEASH DOG PARK OTHER IMPROVEMENT SUPPLIESBACHMANS
1,660.03BEAUTIFICATION / FLOWERS LANDSCAPING MATERIALS
6,625.05
53.06FINANCE G & A OFFICE SUPPLIESBANKER'S EQUIPMENT SERVICE INC
53.06
277.41HUMAN RESOURCES GENERAL PROFESSIONAL SERVICESBARNA, GUZY & STEFFEN LTD
277.41
70.52ENGINEERING G & A OFFICE SUPPLIESBATTERIES PLUS
69.33WATER UTILITY G&A GENERAL SUPPLIES
139.85
32.31-PARK AND RECREATION BALANCE SH DUE TO OTHER GOVTSBEACON ATHLETICS
38.75PARK MAINTENANCE G & A GENERAL SUPPLIES
463.52PARK GROUNDS MAINTENANCE GENERAL SUPPLIES
469.96
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
3Page -Council Check Summary
6/18/2010 -6/1/2010
Vendor AmountBusiness Unit Object
50.82WATER UTILITY G&A GENERAL CUSTOMERSBENDER, ESTATE OF FRIMA
50.82
675.00MOVE-UP PROGRAM OTHER CONTRACTUAL SERVICESBERGFORD ARCHITECTURE, JOHN
675.00
168.50ORGANIZED REC G & A MILEAGE-PERSONAL CARBIRNO, RICK
168.50
596.11EMPLOYEE FLEX SPEND G&A TUITIONBORKEN, AARON
596.11
11.39PARK AND RECREATION BALANCE SH INVENTORYBOYER TRUCKS LAUDERDALE
11.39
2,313.00STORM WATER UTILITY G&A OTHER CONTRACTUAL SERVICESBRAUN INTERTEC CORPORATION
2,313.00
2,792.89EMPLOYEE FLEX SPEND G&A TUITIONBRETZA, KIMBERLY
2,792.89
572.52PARK GROUNDS MAINTENANCE OTHER CONTRACTUAL SERVICESBRYAN ROCK PRODUCTS INC
572.52
21.66POLICE G & A OPERATIONAL SUPPLIESBURR, SUSAN
21.66
741.00OPERATIONSRADIO COMMUNICATIONSCALHOUN TOWERS APTS
741.00
5,458.97ADMINISTRATION G & A LEGAL SERVICESCAMPBELL KNUTSON PROF ASSOC
421.00STREET CAPITAL PROJ G & A IMPROVEMENTS OTHER THAN BUILDI
90.00RIGHT-OF-WAY IMPROVEMENTS OTHER THAN BUILDI
45.00WATER UTILITY G&A LEGAL SERVICES
6,014.97
566.43IT G & A EQUIPMENT MTCE SERVICECARTRIDGE CARE
566.43
3,784.41TECHNOLOGY REPLACEMENT OFFICE EQUIPMENTCDW GOVERNMENT INC
3,784.41
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
4Page -Council Check Summary
6/18/2010 -6/1/2010
Vendor AmountBusiness Unit Object
1,521.75DISCOUNT LOAN PROGRAM OTHER CONTRACTUAL SERVICESCENTER ENERGY & ENVIRONMENT
8,055.80MOVE-UP PROGRAM OTHER CONTRACTUAL SERVICES
25,000.00TRANSFORMATION LOAN OTHER CONTRACTUAL SERVICES
34,577.55
1,369.90FACILITY OPERATIONS HEATING GASCENTERPOINT ENERGY
708.14PARK MAINTENANCE G & A HEATING GAS
40.09WESTWOOD G & A HEATING GAS
63.85NATURALIST PROGRAMMER HEATING GAS
52.54GO BONDS-FIRE STATIONS G&A HEATING GAS
2,881.16WATER UTILITY G&A HEATING GAS
98.50REILLY G & A HEATING GAS
241.10SEWER UTILITY G&A HEATING GAS
5,455.28
10,350.00EMPLOYEE FLEXIBLE SPENDING B/S OTHER RETIREMENTCENTRAL PENSION FUND
10,350.00
253.68WATER UTILITY G&A OPERATIONAL SUPPLIESCINTAS FIRST AID & SAFETY
253.68
80.00ADMINISTRATION G & A TRAININGCITIZENS INDEPENDENT BANK
67.85ADMINISTRATION G & A SEMINARS/CONFERENCES/PRESENTAT
24.87ADMINISTRATION G & A MEETING EXPENSE
18.89HUMAN RESOURCES ORGANIZATIONAL DEVELOPMENT
150.00IT G & A TRAINING
413.94ASSESSING G & A SEMINARS/CONFERENCES/PRESENTAT
2.94ASSESSING G & A BANK CHARGES/CREDIT CD FEES
445.14STORM WATER GENERAL SUPPLIES
390.50VEHICLE MAINTENANCE G&A GENERAL SUPPLIES
225.00VEHICLE MAINTENANCE G&A SUBSCRIPTIONS/MEMBERSHIPS
400.00PARK IMPROVE CAPITAL PROJECT OTHER CONTRACTUAL SERVICES
67.56TECHNOLOGY REPLACEMENT OFFICE EQUIPMENT
2,286.69
14,584.52ADMINISTRATION G & A LEGAL SERVICESCOLICH & ASSOCIATES
14,584.52
159.95IT G & A DATACOMMUNICATIONSCOMCAST
159.95
3,909.20TV PRODUCTION NON-CAPITAL EQUIPMENTCOMCAST CABLE
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
5Page -Council Check Summary
6/18/2010 -6/1/2010
Vendor AmountBusiness Unit Object
3,909.20
57.98SYSTEM REPAIR OTHER CONTRACTUAL SERVICESCOMMISSIONER OF TRANSPORTATION
57.98
4,300.00COMMUNITY OUTREACH G & A OTHER CONTRACTUAL SERVICESCOMMUNITY MEDIATION SERVICES I
4,300.00
33.02PUBLIC WORKS OPS G & A OPERATIONAL SUPPLIESCONSTRUCTION MATERIALS
33.02
600.00SOFTBALLOTHER CONTRACTUAL SERVICESCOX, BARB
600.00
32.01ADMINISTRATION G & A SUBSCRIPTIONS/MEMBERSHIPSCROWN MARKING INC
318.43SUMMER PLAYGROUNDS GENERAL SUPPLIES
350.44
88.31POLICE G & A SUBSISTENCE SUPPLIESCUB FOODS
88.31
5,323.17SSD 1 G&A LANDSCAPING MATERIALSCUSTOM PRODUCTS & SERVICES
15,552.46SSD 1 G&A OTHER CONTRACTUAL SERVICES
2,265.36SSD 2 G&A LANDSCAPING MATERIALS
11,018.82SSD 2 G&A OTHER CONTRACTUAL SERVICES
3,740.44SSD 3 G&A LANDSCAPING MATERIALS
15,090.20SSD 3 G&A OTHER CONTRACTUAL SERVICES
682.74SSD #4 G&A LANDSCAPING MATERIALS
1,757.04SSD #4 G&A OTHER CONTRACTUAL SERVICES
55,430.23
591.46BUILDING MAINTENANCE BUILDING MTCE SERVICEDALSIN, JOHN & SONS INC
591.46
30.35SEWER UTILITY G&A GENERAL SUPPLIESDEKO FACTORY SERVICE INC
30.35
50.00NEIGHBORHOOD PUBLIC ART OTHER CONTRACTUAL SERVICESDELANEY, PARIS
50.00
2,893.50INSPECTIONS G & A DUE TO OTHER GOVTSDEPT LABOR & INDUSTRY
2,893.50
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
6Page -Council Check Summary
6/18/2010 -6/1/2010
Vendor AmountBusiness Unit Object
240.72ENTERPRISE G & A ADVERTISINGDEX MEDIA EAST LLC
240.72
1,009.01PAINTINGOTHER IMPROVEMENT SUPPLIESDIAMOND VOGEL
1,009.01
211.90ROUTINE MAINTENANCE EQUIPMENT PARTSDISCOUNT STEEL INC
211.90
1,422.02PARK BUILDING MAINTENANCE OTHER CONTRACTUAL SERVICESDJ ELECTRIC SERVICES INC
1,222.65AQUATIC PARK MAINTENANCE BUILDING MTCE SERVICE
2,644.67
1,357.75SUPPORT SERVICES G&A POSTAGEDO-GOOD.BIZ INC
1,357.75
250.00SOFTBALLOTHER CONTRACTUAL SERVICESDOOLEY, JOHN
250.00
34.00INSPECTIONS G & A PLUMBINGDRAIN PRO PLUMBING
34.00
1,350.58BEAUTIFICATION / FLOWERS LANDSCAPING MATERIALSDUNDEE NURSERY
1,350.58
3,573.03SSD 1 G&A OTHER CONTRACTUAL SERVICESDYMANYK ELECTRIC INC
3,573.03
2,127.02ARENA MAINTENANCE BLDG/STRUCTURE SUPPLIESECOLAB INC
2,127.02
208.00POLICE G & A TRAININGEDEN PRAIRIE POLICE DEPT
208.00
28.94-PARK AND RECREATION BALANCE SH DUE TO OTHER GOVTSEDWARDS SALES
449.85SPLASH PAD MAINT - Oak Hill Pk GENERAL SUPPLIES
420.91
269.86SYSTEM REPAIR OTHER CONTRACTUAL SERVICESEGAN COMPANIES INC
269.86
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
7Page -Council Check Summary
6/18/2010 -6/1/2010
Vendor AmountBusiness Unit Object
100.00WATER UTILITY G&A GENERAL CUSTOMERSELANDER, MARGARET
100.00
196.51SEWER UTILITY G&A EQUIPMENT PARTSELECTRIC PUMP INC
11,804.04SEWER UTILITY G&A EQUIPMENT MTCE SERVICE
12,000.55
529.90PARK AND RECREATION BALANCE SH INVENTORYEMERGENCY APPARATUS MTNCE
529.90
125.00PLUMBING MTCE BUILDING MTCE SERVICEERICKSONS SEWER SERVICE INC
125.00
3,676.50WATER UTILITY G&A OTHERESCH CONSTRUCTION SUPPLY INC
3,676.50
34,088.22SOLID WASTE COLLECTIONS RECYCLING SERVICEEUREKA RECYCLING
34,088.22
541.86PARK AND RECREATION BALANCE SH INVENTORYFACTORY MOTOR PARTS CO
68.57GENERAL REPAIR GENERAL SUPPLIES
610.43
25.01PARK MAINTENANCE G & A GENERAL SUPPLIESFASTENAL COMPANY
4.08GENERAL REPAIR GENERAL SUPPLIES
390.76MUNICIPAL BLDG BUILDINGS & STRUCTURES
419.85
20.00HOUSING REHAB G & A TRAININGFEDERAL RESERVE BANK MPLS
20.00
65.17HUMAN RESOURCES GENERAL SUPPLIESFEDEX
43.29POLICE G & A POSTAGE
108.46
327.64ICE RESURFACER MOTOR FUELSFERRELLGAS
327.64
93.95FACILITIES MCTE G & A GENERAL SUPPLIESFINE HOMEBUILDING
93.95
70.13-GENERAL FUND BALANCE SHEET DUE TO OTHER GOVTSFLEX-O-LITE
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
8Page -Council Check Summary
6/18/2010 -6/1/2010
Vendor AmountBusiness Unit Object
1,090.13PAINTINGOTHER IMPROVEMENT SUPPLIES
1,020.00
126.41WATER UTILITY G&A GENERAL CUSTOMERSFORCELLE, TIMOTHY
126.41
12,665.47ARENA MAINTENANCE MAINTENANCEGARTNER REFRIG & MFG INC
12,665.47
2,250.00SEWER UTILITY G&A OTHER IMPROVEMENT SERVICEGENE'S WATER & SEWER INC.
2,250.00
2,763.85BUILDING MAINTENANCE EQUIPMENT MTCE SERVICEGENERAL PARTS INC
2,763.85
625.00SOFTBALLOTHER CONTRACTUAL SERVICESGHIZONI, DAVE
625.00
5,356.89AQUATIC PARK MAINTENANCE EQUIPMENT MTCE SERVICEGOETSCH ASSOCIATES INC, WW
5,356.89
2,500.00NEIGHBORHOOD PUBLIC ART OTHER CONTRACTUAL SERVICESGOODMAN, STACIA
2,500.00
10,827.00ASSET MANAGEMENT GENERAL PROFESSIONAL SERVICESGOODPOINTE TECHNOLOGY INC
10,827.00
11.90WATER UTILITY G&A BUILDING MTCE SERVICEGRAINGER INC, WW
11.90
547.50MUNICIPAL BLDG BUILDINGS & STRUCTURESGRAYBAR ELECTRIC CO
547.50
1,189.41GROUNDS MTCE EQUIPMENT MTCE SERVICEGREEN ACRES SPRINKLER CO
1,189.41
314.22WEED CONTROL OTHER CONTRACTUAL SERVICESGREEN HORIZONS
314.22
600.00IT G & A COMPUTER SERVICESGREEN, HOWARD R COMPANY
600.00
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
9Page -Council Check Summary
6/18/2010 -6/1/2010
Vendor AmountBusiness Unit Object
28.86PARK MAINTENANCE G & A GENERAL SUPPLIESGREENLIFE SUPPLY LLC
28.86
2,846.19WATER UTILITY G&A GENERAL CUSTOMERSGREENSBORO CONDOS
2,846.19
75.56WATER UTILITY G&A GENERAL SUPPLIESHACH CO
75.56
250.00SOFTBALLOTHER CONTRACTUAL SERVICESHAMILTON, MIKE
250.00
4,942.57AQUATIC PARK MAINTENANCE GENERAL SUPPLIESHAWKINS INC
20,170.08WATER UTILITY G&A OPERATIONAL SUPPLIES
25,112.65
60.39-PARK AND RECREATION BALANCE SH DUE TO OTHER GOVTSHCI CHEMTEC INC
938.79PARK GROUNDS MAINTENANCE GENERAL SUPPLIES
878.40
2,141.60STORM WATER UTILITY G&A OTHER IMPROVEMENT SERVICEHEDBERG AGGREGATES
2,141.60
350.00SOFTBALLOTHER CONTRACTUAL SERVICESHENDERSON, TRACY
350.00
14,400.00CDBG BALANCE SHEET DUE TO OTHER GOVTSHENNEPIN COUNTY
14,400.00
2,404.48POLICE G & A EQUIPMENT MTCE SERVICEHENNEPIN COUNTY INFO TECH
800.00OPERATIONSRADIO COMMUNICATIONS
256.00OPERATIONSEMERGENCY PREPAREDNESS
3,460.48
2,553.37POLICE G & A SUBSISTENCE SERVICEHENNEPIN COUNTY SHERIFF
2,553.37
1,328.23IT G & A COMPUTER SERVICESHENNEPIN COUNTY TREASURER
366.98PARK MAINTENANCE G & A GARBAGE/REFUSE SERVICE
1,695.21
7,169.73MUNICIPAL BLDG BUILDINGS & STRUCTURESHENRICKSEN PSG
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
10Page -Council Check Summary
6/18/2010 -6/1/2010
Vendor AmountBusiness Unit Object
7,169.73
781.57IT G & A GENERAL PROFESSIONAL SERVICESHEYER SOLUTIONS
781.57
29.96WATER UTILITY G&A OTHER IMPROVEMENT SUPPLIESHIRSHFIELDS
29.96
118.43GENERAL BUILDING MAINTENANCE GENERAL SUPPLIESHOME DEPOT CREDIT SERVICES
126.00ROUTINE MAINTENANCE GENERAL SUPPLIES
129.40PARK MAINTENANCE G & A GENERAL SUPPLIES
38.53PARK BUILDING MAINTENANCE BLDG/STRUCTURE SUPPLIES
64.10PARK GROUNDS MAINTENANCE GENERAL SUPPLIES
63.30BEAUTIFICATION / FLOWERS LANDSCAPING MATERIALS
10.69BUILDING MAINTENANCE GENERAL SUPPLIES
40.23AQUATIC PARK MAINTENANCE GENERAL SUPPLIES
14.10WATER UTILITY G&A SMALL TOOLS
27.38WATER UTILITY G&A BLDG/STRUCTURE SUPPLIES
211.22WATER UTILITY G&A OTHER IMPROVEMENT SUPPLIES
9.85SEWER UTILITY G&A GENERAL SUPPLIES
7.72SEWER UTILITY G&A SMALL TOOLS
860.95
7.97POLICE G & A OPERATIONAL SUPPLIESHOME HARDWARE
17.28PATCHING-PERMANENT GENERAL SUPPLIES
350.75PARK MAINTENANCE G & A GENERAL SUPPLIES
376.00
44.00VOLLEYBALLOTHER CONTRACTUAL SERVICESHOWES, JEFFREY
94.00KICKBALLOTHER CONTRACTUAL SERVICES
475.00SOFTBALLOTHER CONTRACTUAL SERVICES
613.00
225.00SOFTBALLOTHER CONTRACTUAL SERVICESHOWES, KRISTINE
225.00
13.28WESTWOOD G & A TRAININGHSBC BUSINESS SOLUTIONS
27.37FAMILY PROGRAMS CONCESSION SUPPLIES
72.93STORM WATER UTILITY G&A EQUIPMENT PARTS
678.05MUNICIPAL BLDG BUILDINGS & STRUCTURES
791.63
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
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Vendor AmountBusiness Unit Object
132.60PARK AND RECREATION BALANCE SH INVENTORYI-STATE TRUCK CENTER
132.60
2,704.84IT G & A EQUIPMENT MTCE SERVICEIKON OFFICE SOLUTIONS
2,704.84
1,854.95CABLE TV G & A OTHER CONTRACTUAL SERVICESIMPLEX.NET INC
1,854.95
14.21IRRIGATION MAINTENANCE GENERAL SUPPLIESINDELCO
7.25AQUATIC PARK MAINTENANCE GENERAL SUPPLIES
123.98WATER UTILITY G&A OPERATIONAL SUPPLIES
145.44
267.19PARK GROUNDS MAINTENANCE OTHER IMPROVEMENT SUPPLIESINDEPENDENT BLACK DIRT CO
267.19
2,485.59IT G & A TELEPHONEINTEGRA TELECOM
2,485.59
71.84-GENERAL FUND BALANCE SHEET DUE TO OTHER GOVTSINTOXIMETERS INC
1,116.84POLICE G & A POLICE EQUIPMENT
1,045.00
5,136.20HUMAN RESOURCES RECRUITMENTIPMA-HR
5,136.20
63.37POLICE G & A OTHER CONTRACTUAL SERVICESIRON MOUNTAIN
63.37
41.36PARK GROUNDS MAINTENANCE GENERAL SUPPLIESJ & F REDDY RENTS
91.90AQUATIC PARK MAINTENANCE EQUIPMENT MTCE SERVICE
133.26
5.75VEHICLE MAINTENANCE G&A GENERAL SUPPLIESJERRY'S MIRACLE MILE
5.75
300.00WATER UTILITY G&A OTHER IMPROVEMENT SERVICEJM CONSULTING LTD
300.00
642.75WATER UTILITY G&A EQUIPMENT PARTSJOHN HENRY FOSTER MN
642.75
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
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Vendor AmountBusiness Unit Object
250.00SOFTBALLOTHER CONTRACTUAL SERVICESJOHNSON, KYLE
250.00
565,701.92MUNICIPAL BLDG BUILDINGS & STRUCTURESJORGENSON CONSTRUCTION INC
565,701.92
336.66PARK GROUNDS MAINTENANCE GENERAL SUPPLIESJRK SEED & SURG SUPPLY
336.66
90.00PARK PAVILIONS PROGRAM REVENUEJUSTESEN, MICHELE
90.00
1,096.78GENERAL BUILDING MAINTENANCE BLDG/STRUCTURE SUPPLIESK & K SALES
1,096.78
30.01GENERAL REPAIR GENERAL SUPPLIESKAMAN INDUSTRIAL TECH
30.01
426.50SAFETY SERVICES GENERAL SUPPLIESKANTOLA PRODUCTIONS LLC
426.50
120.00WESTWOOD G & A TRAININGKEHOSS, ADAM
120.00
48.00ESCROWSKENNEDY & GRAVEN
48.00
1,000.00FINANCE G & A OTHER CONTRACTUAL SERVICESKERN DEWENTER VIERE CPA
1,000.00
29,954.70GO BONDS-FIRE STATIONS G&A BUILDINGS & STRUCTURESKKE ARCHITECTS INC
29,954.70
94.01WATER UTILITY G&A GENERAL CUSTOMERSKROGSTAD, KIMBERLY
94.01
376.46WATER UTILITY G&A EQUIPMENT PARTSLARSCO INC
376.46
9.00HOUSING REHAB G & A MEETING EXPENSELARSEN, KATHY
56.10HOUSING REHAB G & A MILEAGE-PERSONAL CAR
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Vendor AmountBusiness Unit Object
65.10
267.55RELAMPINGOTHER IMPROVEMENT SUPPLIESLARSON, JH CO
398.01BUILDING MAINTENANCE GENERAL SUPPLIES
665.56
225.88GENERAL REPAIR GENERAL SUPPLIESLAWSON PRODUCTS INC
225.88
276.61WATER UTILITY G&A GENERAL CUSTOMERSLAY, DEBORAH
276.61
2,500.00ESCROWSBROOKSIDE TRAFFIC STUDYLDK BUILDERS
2,500.00
188,555.50UNINSURED LOSS B/S PREPAID EXPENSESLEAGUE OF MN CITIES INSURANCE
8,722.17UNINSURED LOSS G&A UNINSURED LOSS
197,277.67
678.50PARK IMPROVE CAPITAL PROJECT OTHER CONTRACTUAL SERVICESLEGEND TECHNICAL SERVICES
678.50
1,900.74ENGINEERING G & A OPERATIONAL SUPPLIESLEICA GEOSYSTEMS INC
1,900.74
56.00POLICE G & A OTHER CONTRACTUAL SERVICESLEXISNEXIS
56.00
52,738.04IT G & A COMPUTER SERVICESLOGIS
216.56SUPPORT SERVICES G&A COMPUTER SERVICES
52,954.60
15.00ENGINEERING G & A SUBSCRIPTIONS/MEMBERSHIPSMAAPT
15.00
79.03PARK AND RECREATION BALANCE SH INVENTORYMACQUEEN EQUIP CO
79.03
50.00FRANCHISE ADMINISTRATION SEMINARS/CONFERENCES/PRESENTATMACTA
50.00
1,752.34SSD #4 G&A OTHER CONTRACTUAL SERVICESMAPLE CREST LANDSCAPE
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
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Vendor AmountBusiness Unit Object
1,752.34
10,000.00ESCROWSPMC ESCROWMARTIN, JAYME
10,000.00
360.00SPECIAL PROJECTS GENERAL SUPPLIESMASON-CUTTERS
360.00
58.70WATER UTILITY G&A GENERAL CUSTOMERSMAUER, LISA MARCH
58.70
87.48WATER UTILITY G&A GENERAL CUSTOMERSMCDONNELL, MARK
87.48
103.20WATER UTILITY G&A GENERAL CUSTOMERSMCELFISH, MARY ELLEN
103.20
30.89INSTALLATIONOTHER IMPROVEMENT SUPPLIESMENARDS
109.31PARK MAINTENANCE G & A GENERAL SUPPLIES
73.49PARK BUILDING MAINTENANCE GENERAL SUPPLIES
94.32WESTWOOD G & A GENERAL SUPPLIES
54.45WESTWOOD G & A OTHER IMPROVEMENT SUPPLIES
17.09WATER UTILITY G&A GENERAL SUPPLIES
96.51WATER UTILITY G&A OTHER IMPROVEMENT SUPPLIES
476.06
212.63KICKBALLGENERAL SUPPLIESMETRO ATHLETIC SUPPLY
958.67YOUTH PROGRAMS GENERAL SUPPLIES
1,171.30
212.00VOLLEYBALLOTHER CONTRACTUAL SERVICESMETRO VOLLEYBALL OFFICIALS
212.00
66,528.00INSPECTIONS G & A DUE TO OTHER GOVTSMETROPOLITAN COUNCIL
950.00REILLY BUDGET CLEANING/WASTE REMOVAL SUPPLY
303,683.28OPERATIONSCLEANING/WASTE REMOVAL SERVICE
371,161.28
21.49PARK AND RECREATION BALANCE SH INVENTORYMETROPOLITAN FORD OF EDEN PRAI
21.49
135.14PUBLIC WORKS OPS G & A GENERAL SUPPLIESMICRO CENTER
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
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Vendor AmountBusiness Unit Object
135.14
6,590.66PATCHING-PERMANENT OTHER IMPROVEMENT SUPPLIESMIDWEST ASPHALT CORP
13,175.28WATER UTILITY G&A OTHER IMPROVEMENT SUPPLIES
19,765.94
2,190.00WATER UTILITY G&A OTHER CONTRACTUAL SERVICESMIDWEST TESTING LLC
2,190.00
11,633.34TREE REPLACEMENT TREE REPLACEMENTMILLER LLC, DAVID
11,633.34
139.98EMPLOYEE FLEXIBLE SPENDING B/S ACCRUED OTHER BENEFITSMINNESOTA BENEFIT ASSOC
139.98
58.78POLICE G & A OPERATIONAL SUPPLIESMINNESOTA CHIEFS POLICE ASSOC
58.78
1,312.67EMPLOYEE FLEXIBLE SPENDING B/S WAGE GARNISHMENTSMINNESOTA CHILD SUPPORT PYT CT
1,312.67
209.48OPERATIONSFIRE PREVENTION SUPPLIESMINNESOTA CONWAY
209.48
21,571.00WATER UTILITY G&A OTHER CONTRACTUAL SERVICESMINNESOTA DEPT HEALTH
21,571.00
16.00EMPLOYEE FLEXIBLE SPENDING B/S ACCRUED OTHER BENEFITSMINNESOTA NCPERS LIFE INS
16.00
225.00PE INVEST/REVIEW/PER IMPROVEMENTS OTHER THAN BUILDIMINNESOTA POLLUTION CONTROL AG
225.00
754.00AQUATIC PARK BUDGET ADVERTISINGMINNESOTA PREMIER PUBLICATIONS
754.00
345.00WATER UTILITY G&A LICENSESMINNESOTA REVENUE
1,230.00REILLY BUDGET CLEANING/WASTE REMOVAL SERVICE
1,575.00
262.91WATER UTILITY G&A EQUIPMENT PARTSMINVALCO INC
262.91
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Vendor AmountBusiness Unit Object
55.00PICNIC SHELTERS RENT REVENUEMOOT, STACY
55.00
1,707.15COMMUNICATIONS/GV REIMBURSEABL EQUIPMENT MTCE SERVICEMOTOROLA
1,707.15
612.82PARK MAINTENANCE G & A GENERAL SUPPLIESMTI DISTRIBUTING CO
124.30IRRIGATION MAINTENANCE GENERAL SUPPLIES
737.12
265.00REILLY BUDGET OTHER CONTRACTUAL SERVICESMVTL LABORATORIES
265.00
1,011.62PUBLIC WORKS OPS G & A SMALL TOOLSNAPA (GENUINE PARTS CO)
4.80SWEEPINGEQUIPMENT PARTS
705.85PARK AND RECREATION BALANCE SH INVENTORY
12.38PARK MAINTENANCE G & A GENERAL SUPPLIES
54.44AQUATIC PARK MAINTENANCE GENERAL SUPPLIES
91.39VEHICLE MAINTENANCE G&A GENERAL SUPPLIES
64.56GENERAL REPAIR GENERAL SUPPLIES
28.77SEWER UTILITY G&A GENERAL SUPPLIES
1,973.81
2,080.00EMPLOYEE FLEX SPEND G&A TUITIONNELSON, MARK
2,080.00
55.18CRACK SEALING PROJECTS GENERAL SUPPLIESNEP CORP
12.15PARK MAINTENANCE G & A GENERAL SUPPLIES
62.92VEHICLE MAINTENANCE G&A GENERAL SUPPLIES
130.25
450.00PERFORMING ARTS OTHER CONTRACTUAL SERVICESNEW FOLK PRODUCTIONS
450.00
79.97ADMINISTRATION G & A TELEPHONENEXTEL COMMUNICATIONS
157.41HUMAN RESOURCES TELEPHONE
375.27RESEARCH & DEVELOPMENT TELEPHONE
72.97ASSESSING G & A TELEPHONE
73.04FINANCE G & A TELEPHONE
278.24EDA / HA REIMBURSEMENT TELEPHONE
1,226.67POLICE G & A TELEPHONE
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
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Vendor AmountBusiness Unit Object
533.93OPERATIONSTELEPHONE
72.97INSPECTIONS G & A TELEPHONE
298.63ENGINEERING G & A TELEPHONE
458.10PUBLIC WORKS OPS G & A TELEPHONE
186.61PARK AND REC G&A TELEPHONE
343.96ORGANIZED REC G & A TELEPHONE
348.47PARK MAINTENANCE G & A TELEPHONE
78.31ENVIRONMENTAL G & A TELEPHONE
308.48WESTWOOD G & A TELEPHONE
72.97REC CENTER/AQUATIC PARK SAL TELEPHONE
202.35VEHICLE MAINTENANCE G&A TELEPHONE
374.94WATER UTILITY G&A TELEPHONE
182.13SEWER UTILITY G&A TELEPHONE
39.23SOLID WASTE G&A TELEPHONE
5,764.65
100.32AQUATIC PARK MAINTENANCE GENERAL SUPPLIESNORTHERN AIRE SWIMMING POOLS
100.32
9,500.00POLICE G & A OTHER CONTRACTUAL SERVICESNORTHERN STAR JUVENILE DIVERSI
9,500.00
20.00HUMAN RESOURCES MEETING EXPENSENORTHSTAR CHAPTER APA
20.00
80.15ENGINEERING G & A OPERATIONAL SUPPLIESNORTHWEST LASERS INC
80.15
500.00PERFORMING ARTS OTHER CONTRACTUAL SERVICESO'HAGAN, JEROL
500.00
500.00POLICE G & A OTHER CONTRACTUAL SERVICESOAK KNOLL ANIMAL HOSPITAL
500.00
59.48ADMINISTRATION G & A OFFICE SUPPLIESOFFICE DEPOT
36.96HUMAN RESOURCES OFFICE SUPPLIES
60.84SUPPORT SERVICES G&A EQUIPMENT MTCE SERVICE
42.97ASSESSING G & A OFFICE SUPPLIES
57.34FINANCE G & A OFFICE SUPPLIES
53.58POLICE G & A OFFICE SUPPLIES
18.97POLICE G & A OPERATIONAL SUPPLIES
106.73NEIGHBORHOOD OUTREACH OPERATIONAL SUPPLIES
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
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Vendor AmountBusiness Unit Object
19.08PUBLIC WORKS OPS G & A OFFICE SUPPLIES
250.74ORGANIZED REC G & A OFFICE SUPPLIES
19.08PARK MAINTENANCE G & A OFFICE SUPPLIES
92.54WESTWOOD G & A OFFICE SUPPLIES
19.07VEHICLE MAINTENANCE G&A OFFICE SUPPLIES
837.38
1,220.31ADMINISTRATION G & A GENERAL PROFESSIONAL SERVICESOFFICE TEAM
2,388.47INSPECTIONS G & A GENERAL PROFESSIONAL SERVICES
3,608.78
294.79GENERAL REPAIR GENERAL SUPPLIESOLSEN CHAIN & CABLE CO INC
294.79
267.20PORTABLE TOILETS/FIELD MAINT OTHER CONTRACTUAL SERVICESON SITE SANITATION
267.20
465.00BUILDING MAINTENANCE BUILDING MTCE SERVICEPBBS EQUIPMENT CORP
465.00
40.00DWI ENFORCEMENT LICENSESPETTY CASH
5.14WATER UTILITY G&A GENERAL SUPPLIES
19.01WATER UTILITY G&A OTHER CONTRACTUAL SERVICES
17.27WATER UTILITY G&A IMPROVEMENTS OTHER THAN BUILDI
81.42
10,027.00ROUTINE MAINTENANCE OTHER CONTRACTUAL SERVICESPHILIP'S TREE CARE INC
64.13PARK GROUNDS MAINTENANCE GENERAL SUPPLIES
524.22PARK GROUNDS MAINTENANCE OTHER CONTRACTUAL SERVICES
121.12AQUATIC PARK MAINTENANCE OTHER CONTRACTUAL SERVICES
507.83WATER UTILITY G&A BUILDING MTCE SERVICE
11,244.30
691.05REILLY BUDGET EQUIPMENT PARTSPLANT & FLANGED EQUIPMENT
691.05
361.40PARK MAINTENANCE G & A TELEPHONEPOPP TELECOM
361.40
175.65WATER UTILITY G&A POSTAGEPOSTMASTER - PERMIT #603
175.65SEWER UTILITY G&A POSTAGE
175.66SOLID WASTE COLLECTIONS POSTAGE
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Vendor AmountBusiness Unit Object
175.65STORM WATER UTILITY G&A POSTAGE
702.61
5,369.23GROUNDS MTCE OTHERPRAIRIE LAWN & GARDEN
5,369.23
855.06BEAUTIFICATION / FLOWERS OTHER IMPROVEMENT SUPPLIESPRAIRIE RESTORATIONS INC
1,609.27STORM WATER UTILITY G&A OTHER IMPROVEMENT SERVICE
2,464.33
994.73ICE RESURFACER EQUIPMENT MTCE SERVICEPRINTERS SERVICE INC
994.73
122.60INSPECTIONS G & A BUILDINGPROBUILT AMERICA
122.60
1,526.64WATER UTILITY G&A GENERAL PROFESSIONAL SERVICESPROGRESSIVE CONSULTING ENGINEE
1,526.64
506.59BLDG/GROUNDS OPS & MAINT BLDG/STRUCTURE SUPPLIESPUMP & METER SERVICE
506.59
31,107.90WATER UTILITY G&A OTHER IMPROVEMENT SERVICEQ3 CONTRACTING
31,107.90
70.99IT G & A TELEPHONEQWEST
2,053.43COMMUNICATIONS/GV REIMBURSEABL TELEPHONE
2,124.42
2,132.63FACILITY OPERATIONS GARBAGE/REFUSE SERVICERANDY'S SANITATION INC
961.79REC CENTER BUILDING GARBAGE/REFUSE SERVICE
93.76WATER UTILITY G&A GARBAGE/REFUSE SERVICE
748.30SOLID WASTE COLLECTIONS GARBAGE/REFUSE SERVICE
3,936.48
34.50WATER UTILITY G&A POSTAGERAPID GRAPHICS & MAILING
34.50SEWER UTILITY G&A POSTAGE
34.50SOLID WASTE COLLECTIONS POSTAGE
34.50STORM WATER UTILITY G&A POSTAGE
138.00
3,475.00ESCROWSPMC ESCROWRECKARD, ANDREW & SARAH
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Vendor AmountBusiness Unit Object
3,475.00
1,000.00ESCROWSPMC ESCROWREINHOLD, SAM & ARGINA
1,000.00
175.06GENERAL REPAIR EQUIPMENT MTCE SERVICERESTORATION AUTO GLASS NEW BRI
175.06
945.79SUPPORT SERVICES G&A EQUIPMENT MTCE SERVICERICOH AMERICAS CORP
945.79
150.00SEASON PASSES PROGRAM REVENUEROUNDS, DAVID
150.00
2,750.00PERFORMING ARTS OTHER CONTRACTUAL SERVICESRUBBER SOUL ENTERTAINMENT
2,750.00
879.12EMPLOYEE FLEX SPEND G&A TUITIONRUD, JOSEPH
879.12
27.07WATER UTILITY G&A GENERAL CUSTOMERSRUNYON, MARGARET
27.07
315.00PARK PAVILIONS PROGRAM REVENUERUTTGER, THERESA
315.00
164.62OPERATIONSGENERAL SUPPLIESSAM'S CLUB
229.50OPERATIONSFIRE PREVENTION SUPPLIES
35.00ORGANIZED REC G & A SUBSCRIPTIONS/MEMBERSHIPS
47.76SPECIAL EVENTS GENERAL SUPPLIES
152.16LIFEGUARDINGGENERAL SUPPLIES
629.04
90.00PARK PAVILIONS PROGRAM REVENUESANCTUARY COVENANT CHURCH
90.00
128.83HUMAN RESOURCES RECOGNITIONSCHAAKE COMPANY, AJ
128.83
1,087.22MUNICIPAL BLDG BUILDINGS & STRUCTURESSCHERER BROS. LUMBER CO.
1,087.22
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Vendor AmountBusiness Unit Object
350.00VARIANCESZONING/SUBDIVISIONSCHMITZ, THOMAS
350.00
1,320.00IT G & A EQUIPMENT MTCE SERVICESENSUS METERING SYSTEMS
1,320.00
21.05NEIGHBORHOOD ASSOCIATION GRANT OTHER CONTRACTUAL SERVICESSHARE, JOHN
21.05
813.11PAINTINGOTHER IMPROVEMENT SUPPLIESSHERWIN-WILLIAMS CO
813.11
33.13GENERAL BUILDING MAINTENANCE GENERAL SUPPLIESSIGN PRODUCERS INC
33.13
1,801.87IRRIGATION MAINTENANCE OTHER CONTRACTUAL SERVICESSIGNATURE MECHANICAL INC
367.87PARK BUILDING MAINTENANCE OTHER CONTRACTUAL SERVICES
2,169.74
300.00PERFORMING ARTS OTHER CONTRACTUAL SERVICESSLP COMMUNITY BAND
300.00
1,050.00ATHLETIC CAMPS OTHER CONTRACTUAL SERVICESSLP TOWN TEAM
1,050.00
168.00INSPECTIONS G & A CERTIFICATE OF COMPLIANCESMITH, CRAIG
168.00
420.00SUPPORT SERVICES TRAININGSOUTH METRO PUBLIC SAFETY TRAI
420.00
2,787.14IT G & A DATACOMMUNICATIONSSPRINT
2,787.14
158.92BUILDING MAINTENANCE GENERAL SUPPLIESSPS COMPANIES INC
158.92
7,251.66PARK IMPROVE CAPITAL PROJECT OTHER CONTRACTUAL SERVICESSRF CONSULTING GROUP INC
7,251.66
164.66PARK AND RECREATION BALANCE SH INVENTORYST JOSEPH'S EQUIPMENT INC
164.66
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Vendor AmountBusiness Unit Object
3,850.00FINANCE G & A OTHER CONTRACTUAL SERVICESST LOUIS PARK HOUSING AUTHORIT
3,850.00
3,000.00EXPLORERSOPERATIONAL SUPPLIESST LOUIS PARK POLICE EXPLORERS
3,000.00
2,235.92PARK AND RECREATION BALANCE SH INVENTORYSTANDARD TRUCK & AUTO
2,235.92
1,200.00PERFORMING ARTS OTHER CONTRACTUAL SERVICESSTEINMAN, KEVIN
1,200.00
187.32ACTIVE COMMUNITY PLANNING GENERAL PROFESSIONAL SERVICESSTITCHIN POST
522.30SPECIAL EVENTS OPERATIONAL SUPPLIES
442.99SUMMER PLAYGROUNDS OPERATIONAL SUPPLIES
31.68JR LEADERS OPERATIONAL SUPPLIES
337.43T-BALL/BASEBALL OPERATIONAL SUPPLIES
504.25SOCCEROPERATIONAL SUPPLIES
318.94LIFEGUARDINGOPERATIONAL SUPPLIES
30.00POOL MONITORS OPERATIONAL SUPPLIES
462.74CONCESSIONSOPERATIONAL SUPPLIES
2,837.65
138.87POLICE G & A POLICE EQUIPMENTSTREICHER'S
138.87
231.98GENERAL REPAIR EQUIPMENT MTCE SERVICESUBURBAN CHEVROLET
231.98
250.25ADMINISTRATION G & A LEGAL NOTICESSUN NEWSPAPERS
76.26ROUTINE MAINTENANCE LEGAL NOTICES
472.00SOLID WASTE G&A ADVERTISING
38.14STORM WATER UTILITY G&A LEGAL NOTICES
836.65
10,900.00SUNSET RIDGE OTHER CONTRACTUAL SERVICESSUNSET RIDGE CONDOMINIUM ASSN
10,900.00
16.52PARK AND RECREATION BALANCE SH INVENTORYSUPERIOR FORD
16.52
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Vendor AmountBusiness Unit Object
800.00HOLIDAY PROGRAMS OTHER CONTRACTUAL SERVICESSWENSON, STEVEN
800.00
1,418.57BEAUTIFICATION/LANDSCAPE OTHER IMPROVEMENT SUPPLIESSYLVA CORPORATION INC
1,302.77WOLFE PARK AMPHITHEATER OTHER CONTRACTUAL SERVICES
2,721.34
109.59POLICE G & A TRAININGTARGET BANK
27.93DARE PROGRAM OPERATIONAL SUPPLIES
36.62NEIGHBORHOOD OUTREACH OPERATIONAL SUPPLIES
174.14
750.00SPECIAL PROGRAMS OTHER CONTRACTUAL SERVICESTEENS ALONE
750.00
500.00NEIGHBORHOOD PUBLIC ART OTHER CONTRACTUAL SERVICESTENNEN, DENISE
500.00
54.71GENERAL CUSTODIAL DUTIES GENERAL SUPPLIESTERMINIX INT
97.00BUILDING MAINTENANCE BUILDING MTCE SERVICE
151.71
45.26ADMINISTRATION G & A LONG TERM DISABILITYTHE HARTFORD - PRIORITY ACCOUN
53.29HUMAN RESOURCES LONG TERM DISABILITY
15.84COMM & MARKETING G & A LONG TERM DISABILITY
41.70IT G & A LONG TERM DISABILITY
19.98ASSESSING G & A LONG TERM DISABILITY
50.28FINANCE G & A LONG TERM DISABILITY
112.56COMM DEV G & A LONG TERM DISABILITY
17.56FACILITIES MCTE G & A LONG TERM DISABILITY
121.05POLICE G & A LONG TERM DISABILITY
76.83OPERATIONSLONG TERM DISABILITY
57.81INSPECTIONS G & A LONG TERM DISABILITY
43.61PUBLIC WORKS G & A LONG TERM DISABILITY
56.83ENGINEERING G & A LONG TERM DISABILITY
20.48PUBLIC WORKS OPS G & A LONG TERM DISABILITY
68.74ORGANIZED REC G & A LONG TERM DISABILITY
20.48PARK MAINTENANCE G & A LONG TERM DISABILITY
17.08ENVIRONMENTAL G & A LONG TERM DISABILITY
17.08WESTWOOD G & A LONG TERM DISABILITY
18.05REC CENTER/AQUATIC PARK SAL LONG TERM DISABILITY
17.56VEHICLE MAINTENANCE G&A LONG TERM DISABILITY
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Vendor AmountBusiness Unit Object
16.59HOUSING REHAB G & A LONG TERM DISABILITY
20.48WATER UTILITY G&A LONG TERM DISABILITY
1,865.49EMPLOYEE FLEX SPEND G&A LONG TERM DISABILITY
2,794.63
23,556.22CONSTRUCTION PAYMENTS IMPROVEMENTS OTHER THAN BUILDITHOMAS & SONS CONST INC
23,556.22
479.63ADMINISTRATION G & A OTHER CONTRACTUAL SERVICESTIMESAVER OFF SITE SECRETARIAL
479.63
3,150.00PARK IMPROVE CAPITAL PROJECT OTHER CONTRACTUAL SERVICESTOWN & COUNTRY FENCE INC
3,150.00
67.09WATER UTILITY G&A GENERAL CUSTOMERSTRADEMARK TITLE
67.09
482.53GENERAL REPAIR EQUIPMENT MTCE SERVICETRANSMISSION SHOP INC
482.53
200.00SOFTBALLOTHER CONTRACTUAL SERVICESTRAUTMANN, JOHN
200.00
600.00TREE REPLACEMENT TREE REPLACEMENTTREE TRUST
413.41UNINSURED LOSS G&A UNINSURED LOSS
1,013.41
6,580.00WATER UTILITY G&A BUILDING MTCE SERVICETREMCO WEATHERPROOFING TECH IN
6,580.00
38.66PARK AND RECREATION BALANCE SH INVENTORYTRI STATE BOBCAT
38.66
273.56GROUNDS MTCE GENERAL SUPPLIESTRUGREEN - MTKA 5640
123.37GROUNDS MTCE LANDSCAPING MATERIALS
396.93
125.00BUILDING MAINTENANCE BUILDING MTCE SERVICEUNDESSER, TIM
125.00
53.92OPERATIONSOPERATIONAL SUPPLIESUNIFORMS UNLIMITED (FIRE)
53.92
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
25Page -Council Check Summary
6/18/2010 -6/1/2010
Vendor AmountBusiness Unit Object
1,095.36POLICE G & A OPERATIONAL SUPPLIESUNIFORMS UNLIMITED (PD)
80.00SUPPORT SERVICES OPERATIONAL SUPPLIES
982.25SUPERVISORYOPERATIONAL SUPPLIES
105.95COMMUNITY SERVICE OFFICER OPERATIONAL SUPPLIES
2,263.56
211.00EMPLOYEE FLEXIBLE SPENDING B/S UNITED WAYUNITED WAY OF MINNEAPOLIS AREA
211.00
1,742.06TREE DISEASE PRIVATE CLEANING/WASTE REMOVAL SERVICEUPPER CUT TREE SERVICE
1,742.06
122.78POLICE G & A TELEPHONEUSA MOBILITY WIRELESS INC
31.13WATER UTILITY G&A TELEPHONE
153.91
27.01SEWER UTILITY G&A GENERAL SUPPLIESVALLEY NATIONAL GASES WV LLC
27.01
183.00ENVIRONMENTAL G & A MILEAGE-PERSONAL CARVAUGHAN, JIM
183.00
1,280.27VOICE SYSTEM MTCE TELEPHONEVERIZON WIRELESS
73.48COMMUNICATIONS/GV REIMBURSEABL TELEPHONE
1,353.75
67.97ENGINEERING G & A OPERATIONAL SUPPLIESVIKING INDUSTRIAL CTR
966.98WATER UTILITY G&A OPERATIONAL SUPPLIES
1,034.95
388.17RELAMPINGOTHER IMPROVEMENT SUPPLIESVOSS LIGHTING
388.17
205.94GRANTSOTHER IMPROVEMENT SUPPLIESWASTE MANAGEMENT
2,613.03SEWER UTILITY G&A OTHER CONTRACTUAL SERVICES
2,818.97
2,459.27SOLID WASTE COLLECTIONS MOTOR FUELSWASTE MANAGEMENT OF WI-MN
57,151.06SOLID WASTE COLLECTIONS GARBAGE/REFUSE SERVICE
23,825.10SOLID WASTE COLLECTIONS YARD WASTE SERVICE
28,104.37SOLID WASTE DISPOSAL GARBAGE/REFUSE SERVICE
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
26Page -Council Check Summary
6/18/2010 -6/1/2010
Vendor AmountBusiness Unit Object
13,882.98SOLID WASTE DISPOSAL YARD WASTE SERVICE
125,422.78
824.00PARK IMPROVE CAPITAL PROJECT OTHER CONTRACTUAL SERVICESWASTE TECHNOLOGY INC
824.00
440.00WATER UTILITY G&A OTHER IMPROVEMENT SERVICEWATER CONSERVATION SERVICE INC
440.00
4,874.21CONCESSIONSCONCESSION SUPPLIESWATSON CO INC
4,874.21
109.87GENERAL REPAIR GENERAL SUPPLIESWAYTEK
109.87
75.00SOFTBALLOTHER CONTRACTUAL SERVICESWEGSCHEID, ROB
75.00
175.00PUBLIC WORKS G & A MILEAGE-PERSONAL CARWHITE, PERRY
175.00
858.20MUNICIPAL BLDG RENTAL BUILDINGSWILLIAMS SCOTSMAN INC
858.20
9.93WATER UTILITY G&A GENERAL CUSTOMERSWILLIAMS, DALLAS
9.93
513.74ORGANIZED REC G & A GENERAL SUPPLIESWRAP CITY GRAPHICS
846.24AQUATIC PARK BUDGET GENERAL SUPPLIES
1,359.98
11,373.65FACILITY OPERATIONS ELECTRIC SERVICEXCEL ENERGY
20.91OPERATIONSELECTRIC SERVICE
23,803.42PUBLIC WORKS OPS G & A ELECTRIC SERVICE
4,017.44PARK MAINTENANCE G & A ELECTRIC SERVICE
133.15PARK BUILDING MAINTENANCE ELECTRIC SERVICE
443.14WESTWOOD G & A ELECTRIC SERVICE
14,624.89ENTERPRISE G & A ELECTRIC SERVICE
606.16WATER UTILITY G&A ELECTRIC SERVICE
12.61OPERATIONSELECTRIC SERVICE
73.78OPERATIONSELECTRIC SERVICE
55,109.15
6/15/2010CITY OF ST LOUIS PARK 15:17:16R55CKSUM LOG23000VO
27Page -Council Check Summary
6/18/2010 -6/1/2010
Vendor AmountBusiness Unit Object
631.44PATCHING-PERMANENT SMALL TOOLSZACKS INC
631.44
396.70AQUATIC PARK MAINTENANCE GENERAL SUPPLIESZEE MEDICAL SERVICE
396.70
21.36WATER UTILITY G&A GENERAL CUSTOMERSZINDA, DAWN
21.36
319.68ORGANIZED REC G & A ADVERTISINGZIP PRINTING
99.29PARK MAINTENANCE G & A GENERAL SUPPLIES
344.26AQUATIC PARK BUDGET PRINTING & PUBLISHING
99.28VEHICLE MAINTENANCE G&A GENERAL SUPPLIES
862.51
12.56WATER UTILITY G&A GENERAL CUSTOMERSZOCCHI, MICHAEL
12.56
Report Totals 2,055,566.82
Meeting Date: June 21, 2010
Agenda Item #: 8a
Regular Meeting Public Hearing Action Item Consent Item Resolution Ordinance
Presentation Other:
EDA Meeting Action Item Resolution Other:
Study Session Discussion Item Written Report Other:
TITLE:
Sale and Issuance of Educational Facility Revenue Notes for the Groves Academy Project - Series
2010.
RECOMMENDED ACTION:
Motion to adopt Final Resolution “Authorizing the Issuance and Sale of Educational Facility
Revenue Bonds (Groves Academy Project), Series 2010 in the Original Aggregate Principal Amount
of $4,590,000; Approving the Form of and Authorizing the Execution and Delivery of the Bonds
and Certain Related Documents; And Providing for the Security, Rights, and Remedies With
Respect to the Bonds”.
POLICY CONSIDERATION:
Does the City Council wish to undertake the action as proposed? If so, the proposed action is
consistent with the City’s approved policy for issuing private activity revenue bonds.
BACKGROUND:
On May 10, 2010, a report included in a Study Session packet stated Groves Academy is requesting
that the City of St. Louis Park issue private activity revenue bonds for the purposes of refunding
existing debt and financing the second and final phase of an expansion of their facilities. The
aggregate principal amount of the Series 2010 bonds will not exceed an amount of approximately
$4,590,000.
Groves Academy has completed the necessary planning and zoning processes to allow them to
expand their campus. They will also be financing internal improvements to their facilities to
enhance their educational operations.
On June 7, 2010, a public hearing was conducted, after which the City Council considered and
adopted a “Resolution Giving Preliminary Approval to the Proposed Issuance of Revenue Bonds
Under Minnesota Statutes, Sections 469.152 Through 469.165” for the Groves Academy Project -
Series 2010”. The project was subsequently submitted and approved by the Minnesota Department
of Employment and Economic Development (DEED) on June 15th, with the next step being
consideration of the final resolution by the City Council on June 21, 2010. If adopted, this would
then allow the bonds to be issued on a date agreed upon by the parties. The final resolution
authorizes the issuance of the bonds through Wells Fargo Securities, LLC, who is operating as the
placement agent for this transaction.
City Council Meeting of June 21, 2010 (Item No. 8a) Page 2
Subject: Groves Academy Private Activity Revenue Bond Award
FINANCIAL OR BUDGET CONSIDERATION:
Groves Academy has provided the City with a new application, which is on file in the City Clerk’s
office, along with the required fee of $2,500 in accordance with our policy. These bonds are not
obligations of the city in any respect, but rather are payable solely from revenues of the Groves
Academy. They will also pay a fee of 1/8th of one percent in two semi-annual payments to the City
on based on the amount of bonds outstanding each year. These monies will be deposited in the
City’s Housing Rehabilitation fund.
VISION CONSIDERATION:
Not Applicable.
Attachments: Final Resolution – Groves Academy – Series 2010
Groves Academy – DEED Application – Series 2010
Prepared by: Brian A. Swanson, Controller
Approved by: Tom Harmening, City Manager
City Council Meeting of June 21, 2010 (Item No. 8a) Page 3
Subject: Groves Academy Private Activity Revenue Bond Award
RESOLUTION NO. 10-___
AUTHORIZING THE ISSUANCE AND SALE OF EDUCATIONAL
FACILITY REVENUE BONDS (GROVES ACADEMY PROJECT), SERIES
2010, IN THE ORIGINAL AGGREGATE PRINCIPAL AMOUNT OF
$4,590,000; APPROVING THE FORM OF AND AUTHORIZING THE
EXECUTION AND DELIVERY OF THE BONDS AND CERTAIN
RELATED DOCUMENTS; AND PROVIDING FOR THE SECURITY,
RIGHTS, AND REMEDIES WITH RESPECT TO THE BONDS
WHEREAS, the City of St. Louis Park, Minnesota (the “City”), is a home rule city and
political subdivision duly organized and existing under its Charter and the Constitution and laws of
the State of Minnesota; and
WHEREAS, pursuant to the Constitution and laws of the State of Minnesota, particularly
Minnesota Statutes, Sections 469.152-469-165, as amended (the “Act”), the City is authorized to
carry out the public purposes described therein and contemplated thereby by issuing its revenue
bonds or other obligations to make a loan to finance or refinance a revenue producing enterprise,
including the financing of the costs of the construction of an expansion to and remodeling of an
existing educational facility; and
WHEREAS, the City received a request from Groves Academy, a Minnesota nonprofit
corporation (the “Borrower”), that the City issue its Educational Facility Revenue Bonds (Groves
Academy Project), Series 2010 (the “Bonds), in an original, aggregate principal amount not to exceed
$4,590,000, and loan the proceeds derived from the sale of the Bonds to the Borrower; and
WHEREAS, the proceeds of the loan are proposed to be applied by the Borrower to (i) the
redemption and prepayment of the outstanding principal amount of the Educational Facility Revenue
Notes (Groves Academy Project), Series 2009 (the “Notes”), issued by the City in the original aggregate
principal amount of $3,500,000, to finance the first phase of the renovation, expansion, and improvement
of its independent co-educational day school located at 3200 Highway 100 South in the City (the
“Facility”); (ii) finance the second phase of the renovation, expansion, and improvement of the Facility
(the “Project”); and (ii) pay a portion of the costs of issuance of the Bonds and other related expenses of
the Borrower; and
WHEREAS, the City has prepared an Application to the Minnesota Department of
Employment and Economic Development for approval of the Project pursuant to the requirements
of Section 469.154 of the Act; and
City Council Meeting of June 21, 2010 (Item No. 8a) Page 4
Subject: Groves Academy Private Activity Revenue Bond Award
WHEREAS, a notice of a public hearing (in which a general, functional description of the
Project was provided, as well as the maximum aggregate face amount of the obligations to be issued
with respect to the Project, the identity of the initial owner, operator, or manager of the Project, and
the location of the Project by street address) was published in a newspaper circulating generally in
the City at least fifteen (15) days before the regularly-scheduled meeting of the City Council of the
City on June 7, 2010; and
WHEREAS, on June 7, 2010, the City Council conducted a public hearing at which a
reasonable opportunity was provided for interested individuals to express their views, both orally and
in writing, on the proposed issuance of the Bonds, and the location and nature of the Project; and
WHEREAS, Wells Fargo Securities, LLC (the “Lender”) has agreed to purchase the Bonds
in a manner consistent with the policies of the City relating to the issuance and sale of non-rated
conduit revenue bonds; and
WHEREAS, the proceeds derived from the sale of the Bonds are proposed to be loaned to
the Borrower under the terms of a Loan Agreement, dated on or after June 1, 2010 (the “Loan
Agreement”), between the City and the Borrower, and applied by the Borrower, together with other
funds of the Borrower, to redeem and prepay the Notes, to finance the Project, and to pay certain
costs of issuing the Bonds; and
WHEREAS, the loan repayments required to be made by the Borrower under the terms of
the Loan Agreement will be assigned to the Lenders under the terms of an Assignment of Loan
Agreement, dated on or after June 1, 2010 (the “Assignment”), between the City, the Borrower, and
the Lender; and
WHEREAS, the obligations of the Borrower under the terms of the Loan Agreement will be
disbursed by the Lender to the Borrower pursuant to the terms of an Escrow and Disbursing
Agreement, dated on or after June 1, 2010 (the “Disbursing Agreement”), between the Borrower
and the Lender, and the obligations of the Borrower under the terms of the Loan Agreement and the
Assignment will be secured by a Combination Mortgage, Security Agreement, and Fixture Financing
Statement, dated on or after June 1, 2010 (the “Mortgage”), from the Borrower in favor of the
Lender; and
WHEREAS, the Bonds and the interest on the Notes: (i) shall not constitute general or
moral obligations of the City and shall be payable solely from the revenues pledged therefor; (ii) shall
not constitute a debt of the City within the meaning of any constitutional or statutory limitation;
(iii) shall not constitute nor give rise to a pecuniary liability of the City or a charge against its general
credit or taxing powers; and (iv) shall not constitute a charge, lien, or encumbrance, legal or
equitable, upon any property of the City other than the City’s interest in the Project and the Loan
Agreement.
City Council Meeting of June 21, 2010 (Item No. 8a) Page 5
Subject: Groves Academy Private Activity Revenue Bond Award
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF ST. LOUIS PARK, MINNESOTA, AS FOLLOWS:
1. For the purpose of redeeming and prepaying the Notes, financing the Project, and
paying a portion of the costs of issuing the Bonds, there is hereby authorized the issuance of the
Bonds in the original aggregate principal amount not to exceed $4,590,000. The Bonds shall bear
interest at such rates, shall be in such denomination, shall be numbered, shall be dated, shall mature,
shall be subject to redemption prior to maturity, shall be in such form, and shall have such other
details and provisions as are prescribed by the form of the Bonds on file with the City on the date
hereof.
The Bonds shall be special limited obligations of the City payable solely from revenues of the
Facility, in the manner provided in this resolution and the Loan Agreement. The Bonds do not
constitute general or moral obligations of the Issuer, or a pledge of the faith and credit or any taxing
power of the City, the State of Minnesota, or any political subdivision thereof. The City hereby
authorizes and directs the Mayor of the City (the “Mayor”) and the City Manager of the City (the
“City Manager”) to execute the Bonds, and to deliver the Bonds to the Lender, and hereby
authorizes and directs the execution of the Bonds in accordance with its terms and the terms of this
resolution. The Mayor is hereby authorized to approve the interest rate or rates on the Bonds,
approve changes to the maturity schedules, optional and mandatory redemption terms, mandatory
sinking fund payment schedules, and other terms and provisions of the Bonds; provided that the
maturity date for the Bonds shall not be later than the date set forth in the form of the Bonds on file
with the City on the date hereof.
The Bonds shall contain a recital that they are issued pursuant to the Act, and such recital
shall be conclusive evidence of the validity of the Bonds and the regularity of the issuance thereof,
and that all acts, conditions, and things required by the laws of the State of Minnesota relating to the
adoption of this resolution, to the issuance of the Bonds, and to the execution of the aforementioned
documents have happened, exist, and have been performed as so required by law.
2. The proceeds derived from the sale of the Bonds shall be loaned by the City to the
Borrower pursuant to the Loan Agreement and shall be disbursed by the Lender to the Borrower
pursuant to the terms of the Disbursing Agreement. The loan repayments to be made by the
Borrower under the Loan Agreement are to be fixed so as to produce revenues sufficient to pay the
principal of, premium, if any, and interest on the Bonds when due. The loan made pursuant to the
Loan Agreement (the “Loan”), and the City’s rights to the Loan repayments and certain other rights
under the Loan Agreement shall be assigned to the Lender as security for payment of the Bonds
pursuant to the terms of the Assignment. The Bonds, the Loan Agreement, and the Assignment
shall be substantially in the forms on file with the City on the date hereof, and are hereby approved,
with such necessary and appropriate variations, omissions, and insertions as do not materially change
the substance thereof, or as the Mayor and City Manager, in their discretion, shall determine, and
the execution and delivery thereof by the Mayor and City Manager shall be conclusive evidence of
such determination. The Bonds, the Loan Agreement, and the Assignment are directed to be
executed in the name and on behalf of the City by the Mayor and the City Manager.
City Council Meeting of June 21, 2010 (Item No. 8a) Page 6
Subject: Groves Academy Private Activity Revenue Bond Award
3. The offer of the Lender to purchase the Bonds at a price of par is hereby accepted.
Upon approval by the Minnesota Department of Employment and Economic Development, the
Mayor and the City Manager are authorized and directed to prepare and execute the Bonds and
deliver the Bonds to the Lender.
4. The City has not participated in the preparation of any disclosure documents relating
to the offer and sale of the Bonds and has made no independent investigation with respect to the
information contained in any such disclosure documents. The City assumes no responsibility for the
sufficiency, accuracy, or completeness of any information set forth in any such disclosure documents.
5. The Mayor, the City Manager, and other officers of the City are authorized and
directed to prepare and furnish to the Lender and to Bond Counsel certified copies of all proceedings
and records of the City relating to the Bonds, and such other affidavits and certificates as may be
required to show the facts relating to the legality of the Bonds as such facts appear from the books
and records in the officers’ custody and control or as otherwise known to them; and all such certified
copies, certificates and affidavits, including any heretofore furnished, shall constitute representations
of the City as to the truth of all statements contained therein.
6. The approval hereby given to the various documents referred to above includes
approval of such additional details therein as may be necessary and appropriate and such
modifications thereof, deletions therefrom, and additions thereto as may be necessary and
appropriate and approved by the officials authorized herein to execute said documents, which
approval shall be conclusively evidenced by the execution thereof. The Mayor, the City Manager,
and other officers of the City are hereby authorized to execute and deliver, on behalf of the City, all
other certificates, instruments, and other written documents that may be requested by Bond
Counsel, the Lender, or other persons or entities in conjunction with the issuance of the Bonds and
the expenditure of the proceeds of the Bonds. Without imposing any limitations on the scope of the
preceding sentence, such officers are specifically authorized to execute and deliver a certificate
relating to federal tax matters including matters relating to arbitrage and arbitrage rebate, a receipt
for the proceeds derived from the sale of the Bonds, a general certificate of the City, and an
Information Return for Tax-Exempt Private Activity Bonds Issues, Form 8038 (Rev. September
2007).
7. All covenants, stipulations, obligations, representations, and agreements of the City
contained in this resolution or contained in the Loan Agreement, Assignment, or other documents
referred to above shall be deemed to be the covenants, stipulations, obligations, representatives, and
agreements of the City to the full extent authorized or permitted by law, and all such covenants,
stipulations, obligations, representations, and agreements shall be binding upon the City. Except as
otherwise provided in this resolution, all rights, powers, and privileges conferred, and duties and
liabilities imposed, upon the City by the provisions of this resolution or of the respective Loan
Agreement, Assignment, or other documents referred to above shall be exercised or performed by the
City, or by such officers, board, body, or agency as may be required or authorized by law to exercise
such powers and to perform such duties. No covenant, stipulation, obligation, representation, or
agreement herein contained or contained in the Loan Agreement, Assignment, or other documents
City Council Meeting of June 21, 2010 (Item No. 8a) Page 7
Subject: Groves Academy Private Activity Revenue Bond Award
referred to above shall be deemed to be a covenant, stipulation, obligation, representation, or
agreement of any elected official, officer, agent, or employee of the City in that person’s individual
capacity, and neither the members of the City Council nor any officer or employee executing the
Bonds shall be liable personally on the Bonds or be subject to any personal liability or accountability
by reason of the issuance thereof.
8. Except as herein otherwise expressly provided, nothing in this resolution or in the
Loan Agreement, expressed or implied, is intended or shall be construed to confer upon any person,
firm, or corporation other than the City and the registered and beneficial owners of the Bonds, any
right, remedy, or claim, legal or equitable, under and by reason of this resolution or any provision
hereof or of the Loan Agreement or any provision thereof; this resolution, the Loan Agreement and
all of their provisions being intended to be, and being for the sole and exclusive benefit of the City
and the registered and beneficial owners of the Bonds issued under the provisions of this resolution
and the Loan Agreement, and the Borrower to the extent expressly provided in the Loan Agreement.
9. In case any one or more of the provisions of this resolution, or of the documents
mentioned herein, or of the Bonds issued hereunder shall for any reason be held to be illegal or
invalid, such illegality or invalidity shall not affect any other provision of this resolution, or of the
aforementioned documents, or of the Bonds, but this resolution, the aforementioned documents,
and the Bonds shall be construed and endorsed as if such illegal or invalid provisions had not been
contained therein.
10. All acts, conditions, and things required by the laws of the State of Minnesota,
relating to the adoption of this resolution, to the issuance of the Bonds, and to the execution of the
Loan Agreement, the Assignment, and the other documents referred to above to happen, exist, and
be performed precedent to and in the enactment of this resolution, and precedent to the issuance of
the Bonds, and precedent to the execution of the Loan Agreement, the Assignment, and the other
documents referred to above have happened, exist, and have been performed as so required by law.
11. The members of the City Council, officers of the City, and attorneys and other
agents or employees of the City are hereby authorized to do all acts and things required by them by
or in connection with this resolution and the Loan Agreement and the other documents referred to
above for the full, punctual, and complete performance of all the terms, covenants, and agreements
contained in the Bonds, the Loan Agreement, the Assignment, and the other documents referred to
above, and this resolution.
12. If for any reason the Mayor is unable to execute and deliver those documents referred
to in this resolution, any other member of the City Council, or any officer of the City duly delegated
to act on behalf of the Mayor, may execute and deliver such documents with the same force and
effect as if such documents were executed by the Mayor. If for any reason the City Manager is
unable to execute and deliver the documents referred to in this resolution, such documents may be
executed and delivered by any member of the City Council, any officer of the City duly delegated to
act on behalf of the City Manager, with the same force and effect as if such documents were
executed and delivered by the City Manager.
City Council Meeting of June 21, 2010 (Item No. 8a) Page 8
Subject: Groves Academy Private Activity Revenue Bond Award
13. The Bonds are to be designated as a “qualified tax-exempt obligations” by the
Borrower for purposes of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended, and
such designation by the Borrower is approved by the City.
14. This resolution shall be in full force and effect from and after its passage.
(The remainder of this page is intentionally left blank.)
City Council Meeting of June 21, 2010 (Item No. 8a) Page 9
Subject: Groves Academy Private Activity Revenue Bond Award
Adopted by the City Council of the City of St. Louis Park, Minnesota, on June 21, 2010.
Jeff Jacobs, Mayor
Tom Harmening, City Manager
City Council Meeting of June 21, 2010 (Item No. 8a) Page 10
Subject: Groves Academy Private Activity Revenue Bond Award
SA140-104 (JU)
370196v.2
STATE OF MINNESOTA
MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC
DEVELOPMENT
BUSINESS AND COMMUNITY DEVELOPMENT DIVISION
APPLICATION FOR APPROVAL OF INDUSTRIAL DEVELOPMENT BOND
PROJECT PURSUANT TO MINNESOTA STATUTES, SECTION 469.152 THROUGH
469.165
(Please submit this form in duplicate - all supporting data in single copy only)
Date: June 8, 2010
The governing body of the City of St. Louis Park, a home rule city and political subdivision under
the laws of the State of Minnesota (the “Issuer”), hereby applies to the Minnesota Department of
Employment and Economic Development (the “Department”) for approval of a proposed Industrial
Development Revenue Bond issue as required by Minnesota Statutes, Sections 469.152 through
469.165.
Address of Issuer: City of St. Louis Park, Minnesota
5005 Minnetonka Boulevard
St. Louis Park, Minnesota 55416-2216
Attn: Brian Swanson, Controller
Telephone: 952-924-2683
We have entered into preliminary discussions with:
Firm: Groves Academy
3200 Highway 100 South
St. Louis Park, Minnesota
55416
Attorney: Trudy Halla
Briggs & Morgan, Professional Association
2200 IDS Center
80 South Eighth Street
Minneapolis, Minnesota 55402
Name of Project: Groves Academy Project
This firm is engaged primarily in (nature of business):
City Council Meeting of June 21, 2010 (Item No. 8a) Page 11
Subject: Groves Academy Private Activity Revenue Bond Award
The Firm is a private, independent, co-educational day school for students in grades 1
through 12 who have learning disabilities or attention disorders
The proceeds from the sale of the Educational Facility Revenue Bonds (Groves Academy Project),
Series 2010 (the “Bonds”) of the Issuer will be used to finance the following (describe the project):
(i) the renovation, expansion, and improvement of the educational facilities of the Firm
located at 3200 Highway 100 South in the City of St. Louis Park; and (ii) the payment of a
portion of the costs of issuing the Bonds.
Address of Project: 3200 Highway 100 South, St. Louis Park, Minnesota
City Council Meeting of June 21, 2010 (Item No. 8a) Page 12
Subject: Groves Academy Private Activity Revenue Bond Award
Proceeds from the sale of the Bonds of $ 4,590,000 and a company equity contribution in the
approximate amount of $_-0-___ (total bond and equity amount is approximately $ _-0-__ ) will
be applied toward payment of costs now estimated as follows:
Expenditure Amount
Acquisition $ 0
Refunding of Prior Obligations 2,500,000
Construction/Renovation 2,000,000
Financing Costs 90,000
Total $4,590,000
*Approximately $2,090,000 will be spend on new construction and financing costs
The Project is estimated to be started on or about July 6, 2010 and will be complete on or
about October 31, 2010 _. When completed, there will be approximately _-0-__ new jobs
created by the Project at an annual payroll of approximately $ __-0-__ , based upon currently
prevailing wages. There are 58_ existing jobs provided by the business.
There will be _150_ jobs created by construction of the project (average of _35_ workers on site
every week). Number of hours _1,400 hours/week. Average wage level $_32.00/hour.
Repayment of the proposed Notes will be amortized over a period of 10 years.
The following exhibits are furnished with this application and are incorporated herein by reference:
1. An opinion of bond counsel that the proposal constitutes a “project” under Minnesota
Statutes, Section 469.153, Subdivision 2.
2. A copy of the resolution by the governing body of the Issuer giving approval for the issuance
of the Notes and stating that the Project, except for a project under Minnesota Statutes,
Section 469.153, Subdivision 2(g) or (j) would not be undertaken but for the availability of
Industrial Development Revenue Bond financing.
3. A comprehensive statement by the Issuer indicating how the Project satisfies the public
purpose and policies of Minnesota Statutes, Sections 469.152 through 469.165.
4. A letter of intent to purchase the Notes or a letter confirming the feasibility of the Project
from a financial standpoint.
5. A statement signed by the principal representative of the Issuer to the effect that upon
entering into the revenue agreement, the information required by Minnesota Statutes,
Section 469.154, Subdivision 5 will be submitted to the Department (not applicable to
projects under Minnesota Statutes, Section 469.153, Subdivision 2(g) or (j)).
City Council Meeting of June 21, 2010 (Item No. 8a) Page 13
Subject: Groves Academy Private Activity Revenue Bond Award
6. A statement signed by the principal representative of the Issuer that the Project does not
include any property to be sold or affixed to or consumed in the production of property for
sale, and does not include any housing facility to be rented or used as a permanent residence.
7. A statement signed by a representative of the Issuer that a public hearing was conducted
pursuant to Minnesota Statutes, Section 469.154, Subdivision 4. The statement shall include
the date, time and place of the meeting and certify that a draft copy of this application with
all attachments was available for public inspection and that all interested parties were
afforded an opportunity to express their views.
8. Copies of notice(s) as published which indicate the date(s) of publication and the
newspaper(s) in which the notice(s) were published.
9. A plan for compliance with an employment preference of economically disadvantaged or
unemployed individuals. (See Minnesota Statutes, Section 469.154, Subdivision 7).
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Meeting of June 21, 2010 (Item No. 8a) Page 14
Subject: Groves Academy Private Activity Revenue Bond Award
We, the undersigned, are the duly elected representatives of the City of St. Louis Park and
solicit your approval of this project at your earliest convenience so that we may carry it to a final
conclusion.
Signed by: (Principal Officers or Representatives of Issuing Authority; type or print official’s
name on the line to the left of the signature line. Thank you.)
Jeff Jacobs
Mayor Signature
Mailing Address: City of St. Louis Park, Minnesota
5005 Minnetonka Boulevard
St. Louis Park, Minnesota 55416-2216
Tom Harmening
City Manager Signature
Mailing Address: City of St. Louis Park, Minnesota
5005 Minnetonka Boulevard
St. Louis Park, Minnesota 55416-2216
This approval shall not deemed to be an approval by the Department of Employment and Economic
Development or of the State of Minnesota of the feasibility of the project or the terms of the revenue
agreement to be executed or the revenue note to be issued therefor.
Authorized Signature, Minnesota Department of Date of Approval
Employment and Economic Development
Please return to:
Minnesota Department of Employment and Economic Development
Mark Lofthus
Business and Community Development Director
1st National Bank Building
332 Minnesota Street, Suite E200
St. Paul, Minnesota 55101-1351
Phone: 651-259-7432 Fax: 651-296-5287