--- title: 6023 2025 Ramsey Spec Purp ## author: LB CARLSON, LLP date: D:20260602074655-05'00' --- ## City of Ramsey ## Agenda ## Revised ## Regular City Council Tuesday, June 9, 2026 7:00 pm ## Council Chambers, 7550 Sunwood Drive NW Remote Attendance available at www.cityoframsey.com/meetings. Those joining remotely and requesting to speak are asked to use a webcam when speaking. 1.Call to Order 2.Approve Agenda 3.Presentation ## 1.Introduce new City Engineer Hafedh Hlel ## 2.Presentation of the 2025 Annual Comprehensive Financial Report by the City's Auditing Firm of LB Carlson. 4.Citizen Input Citizen input is an opportunity for the public to address the City Council concerning items not listed on the agenda. Please raise your hand to be recognized by the Mayor or member officiating the meeting. Approach the podium and state your full name and address for the record. Time may be limited. 5.Consent Agenda All items listed under the Consent Agenda are considered to be routine or non-controversial by the City Council and will be enacted by one motion, without discussion. ## 1.Receive April 2026 Financial Reports - General Fund, EDA, and Enterprise Funds 2.Receive 2025 Annual Comprehensive Financial Report. 3.Receive Cash and Investments for Period Ending May 31, 2026 4.Note the following Boards, Commissions and Meeting Minutes: Our Mission: To work together to responsibly grow our community, and to provide quality, cost-effective, and efficient government services 4.Note the following Boards, Commissions and Meeting Minutes: Planning Commission — April 23, 2026. Environmental Policy Board — April 20, 2026. Economic Development Authority — April 9, 2026. Park and Rec Commission — April 9, 2026. Public Works — April 21, 2026 ## 5.Approve the Following Meeting Minutes: ## 1. City Council Work Session dated May 26, 2026 ## 2. City Council Regular Session dated May 26, 2026 ## 6.Approve Liquor License Renewals ## 7.Approve Business License Applications 8.Adopt Resolution #26-124 Declaring Participation in State Performance Measurement Program. ## 9.Adopt Resolution #26-135 Approving Final Plat and Development Agreement for Trott Brook Crossing ## Fourth Addition ## 10.Adopt Resolution #26-137 Approving the Assignment of Development Agreements; Roers ## 11.Adopt Resolution #26-138 Accepting CenterPoint Energy Community Safety Grant for Police ## Department Indoor Drone ## 12.Adopt Resolution #26-139 Approving Cash Disbursements Made and Authorizing Payment of Accounts Payable Invoicing Received During the Period of May 21, 2026 through June 3, 2026. ## 13.Adopt Resolution #26-140 Accepting Proposal for Andrie Street and 164th Lane Pavement Evaluation 6.Public Hearing 7.Council Business 1.Adopt Resolution #26-136 Declaring the City of Ramsey will not fly the State Flag 2.Authorization to Hire a Part-time Communications Specialist - Please Note: this case was added to the agenda at the meeting. 8.Mayor/Council/Staff Input 9.Adjournment Our Mission: To work together to responsibly grow our community, and to provide quality, cost-effective, and efficient government services Our Mission: To work together to responsibly grow our community, and to provide quality, cost-effective, and efficient government services 3. 1. ## CC Regular Session ## Meeting Date: 06/09/2026 ## Primary Strategic Plan Initiative: Enhance City’s communication through transparency and accountability. ## Title: ## Introduce new City Engineer Hafedh Hlel ## Purpose/Background: City Engineer Hafedh Hlel was hired on June 1, 2026. Hafedh will oversee the Engineering Department, which includes the planning, design, construction, inspection, and maintenance of Ramsey's public infrastructure. Please welcome Hafedh. ## Attachments No file(s) attached. ## Form Review ## InboxReviewed ByDate ## Colleen LasherColleen Lasher06/02/2026 12:02 PM ## Brian HagenBrian Hagen06/03/2026 04:15 PM ## Form Started By: Katie SchmidtStarted On: 06/02/2026 11:05 AM ## Final Approval Date: 06/03/2026 3. 2. ## CC Regular Session ## Meeting Date: 06/09/2026 ## Primary Strategic Plan Initiative: Identify and implement operational efficiencies, cost savings and additional funding sources. ## Title: Presentation of the 2025 Annual Comprehensive Financial Report by the City's Auditing Firm of LB Carlson. ## Purpose/Background: The City's auditing firm will provide a brief overview of the 2025 Annual Comprehensive Financial Report. ## Recommendation: Brief overview of the 2025 Annual Comprehensive Financial Report. ## Outcome/Action: Brief overview of the 2025 Annual Comprehensive Financial Report. ## Attachments No file(s) attached. ## Form Review ## InboxReviewed ByDate ## Brian HagenBrian Hagen06/03/2026 12:21 PM ## Form Started By: Diana LundStarted On: 05/15/2026 08:49 AM ## Final Approval Date: 06/03/2026 5. 1. ## CC Regular Session ## Meeting Date: 06/09/2026 ## Primary Strategic Plan Initiative: ## Title: Receive April 2026 Financial Reports - General Fund, EDA, and Enterprise Funds ## Purpose/Background: Purpose: Receive April monthly financial reports for the funds of: General, EDA, Water, Sewer, Street Lighting, Recycling and Storm Drainage. Brief summary of actual revenues and expenditures-to-date in comparison to adopted budget for the respective funds. ## Recommendation: No action required. Informational only. ## Outcome/Action: No action required. Informational only. ## Attachments ## April 2026 General Fund Financial Report - Budget to Actual ## April 2026 EDA Financial Report - Budget to Actual ## April 2026 Enterprise Funds Financial Reports - Budget to Actual ## April 2026 Summary of Adopted Budgets/Expenditures to Date ## Form Review ## InboxReviewed ByDate ## Brian HagenBrian Hagen06/03/2026 12:22 PM ## Form Started By: Diana LundStarted On: 05/22/2026 12:52 PM ## Final Approval Date: 06/03/2026 JANUARY 1, 2026 THROUGH PERIOD ENDING:April 30, 2026 ## Dept2026 BUDGET2026 YTD GENERAL LEDGER Admin (inlcd elections, legal & newsletter)1,435,680.00 474,600.61 Building Inspections925,013.00 259,555.88 Council/Commissions (incld charter, council contingency)316,674.00 55,721.84 Data Processing1,302,634.00 392,072.98 Engineering652,564.00 275,309.41 Finance (incld assessing)697,837.00 387,133.49 Fire (incld Civil Defense)2,471,671.00 606,984.89 Gen Govt Buildings1,024,670.00 252,186.56 Parks2,604,912.00 657,880.40 Planning & Zoning1,210,213.00 374,086.96 Police (incld animal control & comm orient)6,757,902.00 2,127,239.86 Streets (incld traffic eng & snow/ice)3,389,829.00 820,793.91 Grand Total22,789,599.00 6,683,566.79 ## Category2026 BUDGET2026 YTD GENERAL LEDGER Capital Outlay1,496,000.00 342,606.74 Other Services & Charges3,886,154.00 1,153,496.24 Personal Services15,703,113.00 4,749,828.92 Supplies1,597,959.00 437,634.89 Transfers out106,373.00 Grand Total22,789,599.00 6,683,566.79 ## Category2026 BUDGET2026 YTD GENERAL LEDGER ## Taxes18,209,749.00 Charges for Services808,700.00 278,968.31 Business Licenses/Permits89,350.00 14,911.80 Fines and Forfeits48,000.00 18,065.20 State Intergovernmental845,500.00 140,492.00 ## Interest75,000.00 Miscellaneous21,050.00 10,205.91 Non-Business Licenses/Permits903,500.00 327,721.90 Transfers in1,788,750.00 Grand Total22,789,599.00 790,365.12 ## GENERAL FUND REVENUES ## - BY CATEGORY - ## CITY OF RAMSEY ## FINANCIAL STATEMENT ## - BY DEPARTMENT - ## GENERAL FUND EXPENDITURES ## - BY CATEGORY - ## GENERAL FUND EXPENDITURES This report reflects year to date revenue and expenditures as compared to annual budget. It does not reflect fund balance. ## PREPARED BY: FINANCE DEPARTMENT JANUARY 1, 2026 THROUGH PERIOD ENDING:April 30, 2026 ## CITY OF RAMSEY ## FINANCIAL STATEMENT - 1,000,000.00 2,000,000.00 3,000,000.00 4,000,000.00 5,000,000.00 6,000,000.00 7,000,000.00 8,000,000.00 ## GENERAL FUND EXPENDITURES -BY DEPARTMENT ## 2026 BUDGET ## 2026 YTD GENERAL LEDGER - 5,000,000.00 10,000,000.00 15,000,000.00 20,000,000.00 ## Capital ## Outlay ## Other Services & ## Charges ## Personal ## Services SuppliesTransfers out ## GENERAL FUND EXPENDITURES -BY CATEGORY ## 2026 BUDGET ## 2026 YTD GENERAL LEDGER - 2,000,000.00 4,000,000.00 6,000,000.00 8,000,000.00 10,000,000.00 12,000,000.00 14,000,000.00 16,000,000.00 18,000,000.00 20,000,000.00 ## GENERAL FUND REVENUES ## 2026 BUDGET ## 2026 YTD GENERAL LEDGER This report reflects year to date revenue and expenditures as compared to annual budget. It does not reflect fund balance. ## PREPARED BY: FINANCE DEPARTMENT JANUARY 1, 2026 THROUGH PERIOD ENDING:April 30, 2026 ## BUSINESS UNIT9230EDA ## GENERAL LEDGER ACCOUNT ## CURRENT YEAR ## REQUESTED BUDGET ## CURRENT YTD GENERAL ## LEDGER -% of Budget- ## 4011 CURRENT-AD VALOREM TAXES86,367.00 0.00% ## 4609 OTHER MISCELLANEOUS REVENUES25.00 0.00% ## 4701 INTEREST ON INVESTMENTS4,800.00 0.00% Grand Total91,167.00 25.00 0.00% ## BUSINESS UNIT9230EDA ## GENERAL LEDGER ACCOUNT ## CURRENT YEAR ## REQUESTED BUDGET ## CURRENT YTD GENERAL ## LEDGER -% of Budget- 6105 TEMPORARY-WAGES & SALARIES1,000.00 175.00 17.50% 6122 FICA/MEDICARE CONTRIBUTIONS80.00 13.39 16.74% ## 6133 WORKERS COMP INSURANCE PREMIUM1.54 0.00% ## 6135 PAID FAMILY MEDICAL LEAVE0.70 0.00% 6246 MARKETING & PROMOTIONS23,000.00 5,522.87 24.01% 6249 MISCELLANEOUS OPERATING SUPPLY21,000.00 6,772.12 32.25% 6315 MISCELLANEOUS PROFESSIONAL SER36,000.00 2,712.00 7.53% 6331 TRAVEL & LODGING2,500.00 156.35 6.25% 6335 TRAINING5,100.00 840.00 16.47% 6361 GENERAL LIABILITY/PROPERTY INS287.00 219.48 76.47% 6451 MEMBERSHIP DUES2,200.00 2,833.48 128.79% Grand Total91,167.00 19,246.93 326.02% ## CITY OF RAMSEY ## FINANCIAL STATEMENT ## REVENUES ## EXPENDITURES Note: The Finance Department has highlighted line items that may be trending towards exceeding budget OR not may not have been included in the adopted budget. Printed: 5/26/2026Business Unit: 9230Page 1 of 1 JANUARY 1, 2026 THROUGH PERIOD ENDING:April 30, 2026 ## BUSINESS UNIT9601WATER UTILITY ## GENERAL LEDGER ACCOUNT ## 2026 BUDGET2026 YTD GENERAL LEDGER -% of Budget- 4140 CREDIT CARD PROCESSING FEES(40,000.00) (8,597.93) 21.49% ## 4601 MISCELLANEOUS REVENUE375.50 0.00% 4606 DEVELOPER FEES (WAC)350,000.00 87,379.00 24.97% 4609 OTHER MISCELLANEOUS REVENUES10,000.00 33,875.00 338.75% ## 4651 WATER REVENUE(237.00) 0.00% 4652 WATER SALES - RESIDENTIAL2,234,529.00 439,839.47 19.68% 4653 WATER SALES-COMMERCIAL1,247,326.00 91,654.66 7.35% 4654 WATER PENALTIES50,348.00 11,429.19 22.70% 4655 WATER METER INSTALLATION30,000.00 6,450.00 21.50% 4656 WATER METERS60,000.00 17,707.48 29.51% ## 4657 CONNECTION/RECONNECTION FEES150.00 0.00% ## 4701 INTEREST ON INVESTMENTS150,000.00 0.00% Grand Total4,092,353.00 679,875.37 485.95% ## BUSINESS UNIT9601WATER UTILITY ## GENERAL LEDGER ACCOUNT ## 2026 BUDGET2026 YTD GENERAL LEDGER -% of Budget- 6102 F.T. REGULAR-WAGES & SALARIES528,267.00 100,937.26 19.11% 6103 FULL TIME-REGULAR-OVERTIME25,000.00 9,067.85 36.27% 6105 TEMPORARY-WAGES & SALARIES30,098.00 1,960.29 6.51% 6121 PERA CONTRIBUTIONS80,886.00 9,412.21 11.64% 6122 FICA/MEDICARE CONTRIBUTIONS43,432.00 9,892.14 22.78% 6131 GROUP INSURANCE87,624.00 24,950.62 28.47% 6133 WORKERS COMP INSURANCE PREMIUM18,662.00 12,677.31 67.93% 6135 PAID FAMILY MEDICAL LEAVE2,842.00 570.76 20.08% ## 6208 MISCELLANEOUS OFFICE SUPPLIES750.00 0.00% 6223 GASOLINE9,600.00 3,272.12 34.08% ## 6225 DIESEL FUEL500.00 0.00% 6229 SHOP MATERIALS1,200.00 352.30 29.36% 6231 UNIFORMS & TURN-OUT GEAR5,500.00 2,718.17 49.42% ## 6239 FIRST AID SUPPLIES100.00 0.00% 6249 MISCELLANEOUS OPERATING SUPPLY15,000.00 9,791.32 65.28% 6257 OTHER VEHICLE PARTS12,500.00 561.77 4.49% 6273 UTILITY SYSTEM MAINT SUPPLIES675,000.00 37,060.02 5.49% 6281 SMALL TOOLS & MINOR EQUIPMENT12,000.00 5,161.31 43.01% 6292 WATER METERS FOR RESALE125,000.00 113,618.86 90.90% 6315 MISCELLANEOUS PROFESSIONAL SER59,000.00 1,173.50 1.99% 6322 POSTAGE2,100.00 32.71 1.56% 6334 MILEAGE REIMBURSEMENT500.00 427.05 85.41% 6335 TRAINING6,000.00 1,350.00 22.50% ## 6352 GENERAL NOTICE & PUBLIC INFOR350.00 0.00% 6361 GENERAL LIABILITY/PROPERTY INS46,000.00 78,001.33 169.57% 6371 ELECTRIC UTILITIES200,000.00 50,921.36 25.46% 6372 WATER/IRRIGATION2,500.00 - 0.00% 6373 GAS9,000.00 6,583.99 73.16% 6374 REFUSE/RECYCLING1,800.00 537.76 29.88% 6381 BUILDING & STRUCTURE REPAIR18,000.00 8,323.76 46.24% ## 6405 OFFICE & DATA PROCESSING EQUIP8,600.00 0.00% ## 6436 WATER EFFICIENCY REBATE PROG1,325.07 0.00% 6439 OTHER MISCELLANEOUS67,500.00 1,988.86 2.95% ## 6451 MEMBERSHIP DUES1,000.00 0.00% 6489 OTHER CONTRACTED SERVICES85,000.00 11,357.49 13.36% ## 6722 DEPRECIATION1,845,900.00 0.00% ## 6820 OPERATING TRANSFERS TO OTHER F63,000.00 0.00% Grand Total4,090,211.00 504,027.19 1006.89% ## CITY OF RAMSEY ## FINANCIAL STATEMENT ## REVENUES ## EXPENSES This report reflects year to date revenue and expenditures as compared to annual budget. It does not reflect fund balance. Business Unit: 9601Page 1 of 5 JANUARY 1, 2026 THROUGH PERIOD ENDING:April 30, 2026 ## BUSINESS UNIT9602SEWER UTILITY ## GENERAL LEDGER ACCOUNT ## 2026 BUDGET2026 YTD GENERAL LEDGER -% of Budget- 4140 CREDIT CARD PROCESSING FEES(40,000.00) (8,540.69) 21.35% 4356 SEWER AVAILABILITY CHARGE-ADM7,000.00 1,366.75 19.53% ## 4601 MISCELLANEOUS REVENUE375.49 0.00% ## 4606 DEVELOPER FEES (WAC)200,000.00 0.00% 4661 RESIDENTIAL-SEWER CHARGES2,148,295.00 631,088.36 29.38% 4662 COMMERCIAL-SEWER CHARGES510,969.00 80,457.19 15.75% 4663 SEWER PENALTIES50,000.00 12,923.62 25.85% ## 4701 INTEREST ON INVESTMENTS50,000.00 0.00% Grand Total2,926,264.00 717,670.72 111.85% ## BUSINESS UNIT9602SEWER UTILITY ## GENERAL LEDGER ACCOUNT ## 2026 BUDGET2026 YTD GENERAL LEDGER -% of Budget- 6102 F.T. REGULAR-WAGES & SALARIES323,085.00 48,852.80 15.12% 6103 FULL TIME-REGULAR-OVERTIME1,000.00 874.53 87.45% 6121 PERA CONTRIBUTIONS45,345.00 4,258.61 9.39% 6122 FICA/MEDICARE CONTRIBUTIONS25,103.00 4,341.45 17.29% ## 6131 GROUP INSURANCE46,802.00 0.00% 6133 WORKERS COMP INSURANCE PREMIUM9,483.00 7,022.18 74.05% 6135 PAID FAMILY MEDICAL LEAVE1,628.00 255.44 15.69% 6223 GASOLINE4,400.00 104.70 2.38% 6225 DIESEL FUEL5,000.00 366.40 7.33% 6229 SHOP MATERIALS500.00 10.20 2.04% 6249 MISCELLANEOUS OPERATING SUPPLY15,000.00 534.62 3.56% 6257 OTHER VEHICLE PARTS8,100.00 653.09 8.06% ## 6273 UTILITY SYSTEM MAINT SUPPLIES5,500.00 0.00% 6275 OTHER EQUIPMENT PARTS8,000.00 231.19 2.89% 6281 SMALL TOOLS & MINOR EQUIPMENT5,000.00 402.69 8.05% 6315 MISCELLANEOUS PROFESSIONAL SER2,500.00 1,173.50 46.94% 6323 CELLULAR PHONES2,500.00 675.32 27.01% 6334 MILEAGE REIMBURSEMENT400.00 69.60 17.40% ## 6335 TRAINING8,000.00 0.00% 6361 GENERAL LIABILITY/PROPERTY INS28,000.00 22,856.20 81.63% 6371 ELECTRIC UTILITIES30,000.00 6,302.07 21.01% 6372 WATER/IRRIGATION2,500.00 - 0.00% 6373 GAS7,500.00 2,599.78 34.66% 6374 REFUSE/RECYCLING1,500.00 537.75 35.85% 6377 SEWER SERVICE CHARGE1,398,657.00 582,773.90 41.67% 6381 BUILDING & STRUCTURE REPAIR10,835.00 1,678.55 15.49% 6489 OTHER CONTRACTED SERVICES45,000.00 4,786.13 10.64% ## 6722 DEPRECIATION817,500.00 0.00% ## 6820 OPERATING TRANSFERS TO OTHER F57,000.00 0.00% Grand Total2,915,838.00 691,360.70 585.62% ## CITY OF RAMSEY ## FINANCIAL STATEMENT ## REVENUES ## EXPENSES This report reflects year to date revenue and expenditures as compared to annual budget. It does not reflect fund balance. Business Unit: 9602Page 2 of 5 JANUARY 1, 2026 THROUGH PERIOD ENDING:April 30, 2026 ## BUSINESS UNIT9603STREET LIGHT UTILITY ## GENERAL LEDGER ACCOUNT2026 BUDGET2026 YTD GENERAL LEDGER-% of Budget- 4140 CREDIT CARD PROCESSING FEES(6,000.00) (1,254.33) 20.91% 4681 CHARGES FOR STREET LIGHTS190,000.00 50,096.22 26.37% 4683 STREET LIGHTING PENALTIES5,111.00 1,359.43 26.60% 4684 PRIORITY STREET LIGHT60,000.00 15,753.46 26.26% ## 4701 INTEREST ON INVESTMENTS5,000.00 0.00% Grand Total254,111.00 65,954.78 100.13% ## BUSINESS UNIT9603STREET LIGHT UTILITY ## GENERAL LEDGER ACCOUNT2026 BUDGET2026 YTD GENERAL LEDGER-% of Budget- 6371 ELECTRIC UTILITIES136,200.00 35,070.75 25.75% 6489 OTHER CONTRACTED SERVICES15,000.00 3,155.79 21.04% ## 6722 DEPRECIATION45,000.00 0.00% ## 6820 OPERATING TRANSFERS TO OTHER F34,000.00 0.00% Grand Total230,200.00 38,226.54 46.79% ## CITY OF RAMSEY ## FINANCIAL STATEMENT ## REVENUES ## EXPENSES Note: The Finance Department has highlighted line items that may be trending towards exceeding budget OR not may not have been included in the adopted budget. This report reflects year to date revenue and expenditures as compared to annual budget. It does not reflect fund balance. Business Unit: 9603Page 3 of 5 JANUARY 1, 2026 THROUGH PERIOD ENDING:April 30, 2026 ## BUSINESS UNIT9604RECYCLING UTILITY ## GENERAL LEDGER ACCOUNT ## 2026 BUDGET2026 YTD GENERAL LEDGER -% of Budget- 4140 CREDIT CARD PROCESSING FEES(11,000.00) (1,908.07) 17.35% ## 4287 OTHER LOCAL GOVERNMENT GRANTS97,000.00 0.00% 4609 OTHER MISCELLANEOUS REVENUES2,000.00 1,246.30 62.32% 4671 RECYCLING CHARGES471,600.00 120,781.27 25.61% 4672 RECYCLING PENALTIES9,432.00 2,426.86 25.73% ## 4701 INTEREST ON INVESTMENTS5,000.00 0.00% Grand Total574,032.00 122,546.36 131.00% ## BUSINESS UNIT9604RECYCLING UTILITY ## GENERAL LEDGER ACCOUNT ## 2026 BUDGET2026 YTD GENERAL LEDGER -% of Budget- 6102 F.T. REGULAR-WAGES & SALARIES34,049.00 8,480.13 24.91% 6103 FULL TIME-REGULAR-OVERTIME1,000.00 - 0.00% ## 6104 PART TIME-WAGES & SALARIES200.00 0.00% 6121 PERA CONTRIBUTIONS2,288.00 738.65 32.28% 6122 FICA/MEDICARE CONTRIBUTIONS2,616.00 754.62 28.85% ## 6131 GROUP INSURANCE4,167.00 0.00% 6133 WORKERS COMP INSURANCE PREMIUM165.00 63.26 38.34% 6135 PAID FAMILY MEDICAL LEAVE164.00 44.29 27.01% 6249 MISCELLANEOUS OPERATING SUPPLY34,000.00 14,710.95 43.27% ## 6322 POSTAGE120.00 0.00% 6489 OTHER CONTRACTED SERVICES495,000.00 164,142.81 33.16% Grand Total573,769.00 188,934.71 227.81% ## CITY OF RAMSEY ## FINANCIAL STATEMENT ## REVENUES ## EXPENSES Note: The Finance Department has highlighted line items that may be trending towards exceeding budget OR not may not have been included in the adopted budget. This report reflects year to date revenue and expenditures as compared to annual budget. It does not reflect fund balance. Business Unit: 9604Page 4 of 5 JANUARY 1, 2026 THROUGH PERIOD ENDING:April 30, 2026 ## BUSINESS UNIT9605STORM WATER UTILITY ## GENERAL LEDGER ACCOUNT ## 2026 BUDGET2026 YTD GENERAL LEDGER -% of Budget- 4140 CREDIT CARD PROCESSING FEES(18,000.00) (4,237.66) 23.54% 4693 STORM WATER-RESIDENTIAL842,835.00 224,213.72 26.60% 4694 STORM WATER-COMMERCIAL904,590.00 239,749.88 26.50% 4695 STORM WATER-PENALTIES30,650.00 6,059.57 19.77% ## 4701 INTEREST ON INVESTMENTS35,000.00 0.00% Grand Total1,795,075.00 465,785.51 96.42% ## BUSINESS UNIT(Multiple Items)STORM WATER UTILITY ## GENERAL LEDGER ACCOUNT ## 2026 BUDGET2026 YTD GENERAL LEDGER -% of Budget- 6102 F.T. REGULAR-WAGES & SALARIES368,361.00 48,501.46 13.17% 6121 PERA CONTRIBUTIONS56,965.00 3,976.28 6.98% 6122 FICA/MEDICARE CONTRIBUTIONS28,214.00 4,157.20 14.73% 6131 GROUP INSURANCE63,417.00 4,960.36 7.82% 6133 WORKERS COMP INSURANCE PREMIUM9,430.00 8,199.27 86.95% 6135 PAID FAMILY MEDICAL LEAVE1,900.00 244.42 12.86% 6225 DIESEL FUEL12,000.00 2,243.79 18.70% ## 6231 UNIFORMS & TURN-OUT GEAR393.75 0.00% 6249 MISCELLANEOUS OPERATING SUPPLY11,000.00 4,886.77 44.43% 6257 OTHER VEHICLE PARTS20,000.00 7,284.87 36.42% 6315 MISCELLANEOUS PROFESSIONAL SER35,000.00 9,193.00 26.27% 6361 GENERAL LIABILITY/PROPERTY INS10,000.00 7,794.72 77.95% 6371 ELECTRIC UTILITIES12,000.00 2,452.73 20.44% 6372 WATER/IRRIGATION3,500.00 - 0.00% 6373 GAS7,200.00 2,599.78 36.11% 6374 REFUSE/RECYCLING2,400.00 537.75 22.41% 6451 MEMBERSHIP DUES62,500.00 1,510.00 2.42% 6489 OTHER CONTRACTED SERVICES55,000.00 4,075.78 7.41% ## 6722 DEPRECIATION648,852.00 0.00% ## 6820 OPERATING TRANSFERS TO OTHER F53,000.00 0.00% Grand Total1,460,739.00 113,011.93 435.06% ## CITY OF RAMSEY ## FINANCIAL STATEMENT ## REVENUES ## EXPENSES Note: The Finance Department has highlighted line items that may be trending towards exceeding budget OR not may not have been included in the adopted budget. This report reflects year to date revenue and expenditures as compared to annual budget. It does not reflect fund balance. Business Unit: 9605Page 5 of 5 JANUARY 1, 2026 THROUGH PERIOD ENDING:April 30, 2026 ## GENERAL FUND EXPENDITURES BY DEPARTMENT ## 2026 ADOPTED BUDGET ## CURRENT YTD ## POSTED EXP ## 04/12 ADOPTED ## BUDGET (APR) % of Budget Used (33.3% is 04/12) ## BUDGET AMOUNT ## REMAINING Admin (inlcd elections, legal & newsletter)1,435,680.00 474,600.61 478,560.00 33.06%961,079.39 Building Inspections925,013.00 259,555.88 308,337.67 28.06%665,457.12 Council/Commissions (incld charter, council contingency)316,674.00 55,721.84 105,558.00 17.60%260,952.16 Data Processing1,302,634.00 392,072.98 434,211.33 30.10%910,561.02 Engineering (personnel costs allocated after year-end)652,564.00 275,309.41 217,521.33 42.19%377,254.59 Finance (incld assessing) (personnel costs allocated after year-end) 697,837.00 387,133.49 232,612.33 55.48%310,703.51 Fire (incld Civil Defense)2,471,671.00 606,984.89 823,890.33 24.56%1,864,686.11 Gen Govt Buildings1,024,670.00 252,186.56 341,556.67 24.61%772,483.44 Parks2,604,912.00 657,880.40 868,304.00 25.26%1,947,031.60 Planning & Zoning1,210,213.00 374,086.96 403,404.33 30.91%836,126.04 Police (incld animal control & comm orient)6,757,902.00 2,127,239.86 2,252,634.00 31.48%4,630,662.14 Streets (incld traffic eng & snow/ice)3,389,829.00 820,793.91 1,129,943.00 24.21%2,569,035.09 ## TOTAL 22,789,599.00 6,683,566.79 7,596,533.00 29.33%16,106,032.21 ## ENTERPRISE EXPENDITURES BY FUND ## 2026 ADOPTED BUDGET ## CURRENT YTD ## POSTED EXP ## 04/12 ADOPTED ## BUDGET (APR) % of Budget Used (33.3% is 04/12) ## BUDGET AMOUNT ## REMAINING ## *BUDGETED ## DEPRECIATION (part of "2026 ## BUDGET") Water (budgeted depreciation not booked until after year-end) 4,090,211.00 504,027.19 1,363,403.67 12.32%3,586,183.81 1,845,900.00$ Sewer (budgeted depreciation not booked until after year-end) 2,915,838.00 691,360.70 971,946.00 23.71%2,224,477.30 517,500.00$ Street Light (budgeted depreciation not booked until after year-end) 230,200.00 38,226.54 76,733.33 16.61%191,973.46 45,000.00$ Recycling573,769.00 188,934.71 191,256.33 32.93%384,834.29 ## N/A Storm Water (budgeted depreciation not booked until after year-end) 1,460,739.00 113,011.93 486,913.00 7.74%1,347,727.07 648,852.00$ ## TOTAL 9,270,757.00 1,535,561.07 3,090,252.33 16.56%7,735,195.93 3,057,252.00$ ## EDA FUND EXPENDITURES ## 2026 ADOPTED BUDGET ## CURRENT YTD ## POSTED EXP ## 04/12 ADOPTED ## BUDGET (APR) % of Budget Used (33.3% is 04/12) ## BUDGET AMOUNT ## REMAINING Economic Development91,167.00 19,246.93 30,389.00 21.11%71,920.07 ## CITY OF RAMSEY ## YEAR-TO-DATE BY BUSINESS UNIT 5. 2. ## CC Regular Session ## Meeting Date: 06/09/2026 ## Primary Strategic Plan Initiative: ## Title: Receive 2025 Annual Comprehensive Financial Report. ## Purpose/Background: The City of Ramsey is required to undergo a certified audit, on an annual basis, of all of its funds and account groups. This audit is performed by the firm of LB Carlson, LLP. Incorporated into the 2025 Annual Comprehensive Financial Report are changes that are consistent with recommendations from the review for the “Certificate of Achievement for Excellence in Financial Reporting: (Certificate) and any reporting changes required by the Governmental Accounting Standards Board (GASB). It is our belief that this report is again a good candidate for receipt of the Certificate and it is intended that we submit the 2025 Annual Comprehensive Financial Report for review and consideration. The auditors, as a part of their work, prepare a Management Report for the City. This report contains information on the following: ## 1. Audit Summary ## 2. Governmental Funds Overview ## 3. Enterprise Funds Overview ## 4. Government-Wide Financial Statements ## 5. Accounting and Auditing Updates A presentation from a representative with the firm of LB Carlson will review the auditor's opinions contained in the Annual Comprehensive Financial Report, the Management Report and Special Purpose Audit Report, and answer any questions from the Council. This presentation will be scheduled prior to the regular City Council meeting to account for time and a brief summary will be presented at the beginning of the regular City Council meeting. ## Funding Source: The 2025 annual audit was included in the 2026 General Fund Finance budget. ## Recommendation: Staff recommends acceptance of the 2025 Annual Comprehensive Financial Report. ## Outcome/Action: Motion to accept the 2025 Annual Comprehensive Financial Report and authorize the Finance Director to submit to the State of Minnesota Department of Revenue and other agencies, as required, and to submit the report with application for the Certificate to the Government Finance Officers Association of the United States and Canada. ## Attachments ## 2025 Annual Comprehensive Financial Report ## 2025 Management Report ## 2025 Special Purpose Reports ## Form Review ## InboxReviewed ByDate ## Brian HagenDiana Lund06/03/2026 02:43 PM ## Diana Lund (Originator)Diana Lund06/03/2026 02:45 PM ## Brian HagenBrian Hagen06/04/2026 10:31 AM ## Form Started By: Diana LundStarted On: 05/15/2026 08:53 AM ## Final Approval Date: 06/04/2026 ## Minnesota ## Annual Comprehensive ## Financial Report ## Year Ended December 31, 2025 2 ## CITY OF RAMSEY ## ANOKA COUNTY, MINNESOTA ## Annual Comprehensive Financial Report ## Year Ended December 31, 2025 Prepared by ## Finance Department ## Diana Lund ## Finance Director 3 ## PAGE INTENTIONALLY LEFT BLANK 4 ## Page ## INTRODUCTORY SECTION ## City Council and Other Officials 9 ## Organizational Char t 11 ## City Goals/Imperatives, Measures of Success and Core Values 13 ## Letter of Transmitta l15–17 ## Certificate of Achievement for Excellence in Financial Reporting 19 ## FINANCIAL SECTION ## INDEPENDENT AUDITOR’S REPORT 23–25 ## MANAGEMENT’S DISCUSSION AND ANALYSIS 27–36 ## BASIC FINANCIAL STATEMENTS ## Government-Wide Financial Statements ## Statement of Net Position 39 ## Statement of Activities 41 ## Fund Financial Statements ## Governmental Funds ## Balance Sheet 42–43 R e c onc ilia tion of the B a la nc e She e t to the Sta te me nt of N e t P os itio n 45 ## Statement of Revenue, Expenditures, and Changes in Fund Balances 46–47 R e c onc ilia tion of the Sta te me nt of R e ve nue , Expe nditur e s , a nd ## Changes in Fund Balances to the Statement of Activities 49 ## Statement of Revenue, Expenditures, and Changes in Fund Balances – ## General Fund – Budget and Actua l 51 ## Proprietary Fund ## Statement of Net Position 52–53 ## Statement of Revenue, Expenses, and Changes in Net Position 54–55 ## Statement of Cash Flows 56–57 ## Fiduciary Funds ## Statement of Fiduciary Net Position 59 ## Statement of Changes in Fiduciary Net P ositio n 59 ## Notes to Basic Financial Statements 61–95 ## REQUIRED SUPPLEMENTARY INFORMATION ## P ERA – General Employees Retirement Fund Sc he dule of City’ s a nd N one mploye r P r opor tiona te Sha r e of N e t P e ns ion Lia bilit y99 ## Schedule of City Contributions99 ## P ERA – P ublic Employees Police and Fire Fund Sc he dule of City’ s a nd N one mploye r P r opor tiona te Sha r e of N e t P e ns ion Lia bilit y100 ## Schedule of City Contributions100 ## Other Post-Employment Benefits Plan-Schedule of Changes in the City's Tota l O P EB Lia bility a nd R e la te d R a tios101 ## Notes to Required Supplementary Information-General Employees Retirement Fund102-105 ## Notes to Required Supplementary Information-Public Employees Police and Fire Fund 106-109 ## CITY OF RAMSEY ## ANOKA COUNTY, MINNESOTA Table of Conte nts 5 ## Page ## COMBINING AND INDIVIDUAL FUND STATEMENTS AND SCHEDULES ## Nonmajor Governmental Funds C ombining B a la nc e She e t113 ## Combining Statement of Revenues, Expenditures, and Changes in Fund Balances115 ## Nonmajor Special Revenue Funds C ombining B a la nc e She e t118–119 ## Combining Statement of Revenues, Expenditures, and Changes in Fund Balances120–121 ## Schedule of Revenue, Expenditures, and Changes in Fund Balances ## Economic Development Authority – Budget and Actua l123 ## Nonmajor Debt Service Funds C ombining B a la nc e She e t126–127 ## Combining Statement of Revenues, Expenditures, and Changes in Fund Balances128–129 ## Nonmajor Capital P rojects Funds C ombining B a la nc e She e t132–133 ## Combining Statement of Revenues, Expenditures, and Changes in Fund Balances134–135 ## STATISTICAL SECTION (UNAUDITED) ## Statistical Section Summar y139 ## Net P osition by Component140 ## Changes in Net Position141 ## Governmental Activities Tax Revenues by Source142 ## Fund Balances of Governmental Funds143 ## Changes in Fund Balances of Governmental Funds14 4 ## General Government Tax Revenues by Source145 Tax Capacity, Market Value, and Estimated Actual Value of Taxable P roperty146 ## P roperty Tax Rates – Direct and Overlapping Governments147 ## Principal Property Taxpayers 148 ## Property Tax Levies and Collections149 ## Ratios of Outstanding Debt by Type150 ## Ratios of General Bonded Debt Outstanding151 ## Direct and Overlapping Governmental Activities Deb t152 Le ga l D e bt Ma r gin I nf or ma tion153 ## Demographic and Economic Statistics15 4 P rinc ipa l Employe rs155 ## Full-Time Equivalent City Government Employees by Function156 ## Operating Indicators by Function157 ## Capital Asset Statistics by Function158 ## CITY OF RAMSEY ## ANOKA COUNTY, MINNESOTA Table of Conte nts (continue d) 6 ## INTRODUCT ## ORY SECTION 7 ## PAGE INTENTIONALLY LEFT BLANK 8 ## Ryan Heineman ## Mayor ## Kirsten Buscher ## Councilmember ## Michael Olson ## Councilmember ## Eric Peters ## Councilmember ## Councilmember ## Councilmember ## Councilmember ## Brian HagenCity Administrator ## Brad Bluml P olic e C hie f ## Stephanie Hanson ## Community Development Director ## Matthew Kohner ## Fire Chief/Emergency Management Director ## Colleen Lasher ## Administrative Services Director ## Diana Lund ## Finance Director ## Bruce Westby ## City Engineer/P ublic Works Director ## CITY OF RAMSEY ## ANOKA COUNTY, MINNESOTA ## City Council and City Officials ## Year Ended December 31, 2025 ## Chris Riley ## DEPARTMENT HEADS ## CITY COUNCIL ## CITY OFFICIALS ## Dan Specht ## Shanna Stewart 9 ## PAGE INTENTIONALLY LEFT BLANK 10 ## Residents ## Mayor & Council ## City Administrator ## Organizational ## Chart ## Charter ## Commission ## Consulting Services ## City Attorney ## Auditor ## Administrative ## Services ## City Clerk (.80) ## Administrative ## Services Director (1) ## HR Generalist (1)HR Specialist (1) ## Communications Coordinator (1) ## Administrative Clerk (1) ## BOARDS & COMMISSIONS ## Economic Development ## Environmental Policy Board ## Parks & Recreation ## Commission ## Planning Commission ## Police ## Police Chief (1) ## Patrol Captain (1) Sergeant (5)Patrol (16) ## Community Service Officers (2.24) Reserves (10) Explorers (12) ## Admin Captain (1) ## Investigator/ ## Patrol Officers (3) ## Drug Task Force/ ## Patrol Officer (1) ## Community Resource ## Patrol Officers (2) ## Officer Supervisor (1) ## Lead Police Technician (1) ## Police Data Analyst (1)Police Technician (3.13) January 2026 ## Finance and IT ## Finance Director (1) ## IT Manager (1) ## Security Administrator (1) ## IT Systems Specialist (1) ## Assistant Finance Director (1) ## Accountant I (1)Accounting Clerk (1)Accountant II (1) ## Community ## Development ## Community ## Development Director (1) ## Building Official (1) ## Planning Manager (1) ## Economic Development Manager (1) ## Building Inspector (2)Permit Tech I (.5)BI Admin Assistant (1) ## ED Admin Assistant (.70) ## Senior Planner (1) ## City Planner (1) ## Zoning Code ## Enforcement Officer (1) ## Planning Admin Assistant (1) ## Permit Tech II (1) ## Rental Housing Inspector (1) ## Assistant City Engineer (1) ## Water Resources Technician (1) ## Senior Engineering Technician (1) ## Engineering ## Technician III (1) ## Engineering ## Admin Assistant (1) ## Other Contractors ## Engineering ## Technician II (2) ## Engineering ## City Engineer (1) ## Public Works ## Public Works Director (1) ## Building Maintenance Supervisor (1) ## Building Maintenance Workers (3.63) ## Streets Supervisor (1) ## Streets Lead (1) ## Streets Maintenance Workers (8) Mechanics (2) ## Parks Supervisor (1)Parks Lead (1) ## Parks Maintenance Workers (8) ## Parks & Assistant ## PW Director (1) ## Recreation Coordinator (1) ## Parks ## Admin Assistant (1) ## Utilities Supervisor (1) ## Utilities Lead (1) ## Utilities Maintenance Workers (4) ## Public Works ## Admin Assistant (1) ## Lead Mechanic (1) ## Fire ## Fire Chief/ ## Emergency ## Management Director (1) ## Deputy Fire Chief of Operations & Logistics (1) ## Deputy Chief of Training (1) ## Station Captains (2 Paid-On-Call) ## Paid-On-Call Firefighters Station #1 (24) Station #2 (24) ## Station Lieutenants (2 Paid-On-Call) ## Fire Marshal (1) ## Training Lieutenant (1 Paid-On-Call) ## Fire Technician/ Firefighter (1) ## Fire Inspector (1) 11 ## PAGE INTENTIONALLY LEFT BLANK 12 ## Goals/Imperatives ## Financial Stability Ensure strategic economic development that complements the City’s desired quality of life and builds a stable tax base, all w hile maintaining a low tax levy. ## A Balance of Rural Character & Suburban Growth Continue to respect the balance and connectivity between our unique suburban, rural, and natural envi ronment for current and future generations. ## An Active, Connected & Engaged Community Ensure that the City is a connected City that is part of a comprehensive regional transportation system that enables all to easily navigate the community and attracts business development. ## Citizen-Focused Government Continue the delivery of quality services to ensure the City will have safe and thriving neighborhoods and business districts, and a clean environment. ## An Effective & Efficient Organization Maintain a highly functional staff, citizen volunteers, and elected officials and governance structure that meets the ever-changing, increasing needs of the organization. ## Measures of Success In order to achieve its mission, the City must be accountable. The City defined what success will look like: The City will look at a “Balanced Scorecard” of financial, internal, external and stakeholder metrics in order to measure success. The City will regularly measure and assess stakeholder satisfaction. The City leadership and staff will hold themselves accountable for results. The City will regularly report back to stakeholders about progress toward results. ## Core Values ## Ethics and Integrity ## Fiscal Responsibility ## Cooperation and Teamwork ## Open and Honest Communications Excellence and Quality in the ## Delivery of Servic e ## Serving People with Respect and Fairness ## Adaptab ility and Continuous Learning 13 ## PAGE INTENTIONALLY LEFT BLANK 14 ## 7550 Sunwood Drive NW • Ramsey, Minnesota 55303 City Hall: 763-427-1410 • Fax: 763-427-5543 www.cityoframsey.com June 1, 2026 ## Honorable Mayor, Members of the City Council and Citizens of the City of Ramsey ## City of Ramsey, Minnesota The annual comprehensive financial report of the City of Ramsey, Minnesota (the City) for the fiscal year ended December 31, 2025 is hereby submitted. Management assumes full responsibility for the completeness and reliability of the information contained in this report, based upon a comprehensive framework of internal control that it has established for this purpose. Because the cost of internal control should not exceed anticipated benefits, the objective is to provide reasonable, rather than absolute, assurance that the financial statements are free of any material misstatements. To the best of our knowledge and belief, the enclosed data is accurate in all material respects and is reported in a manner designed to present fairly the financial position and results of operations of the City. All disclosures necessary to enable the reader to gain an understanding of the City’s financial activities have been included. Minnesota Statutes and the City Charter require an annual audit of all accounts, financial records, and transactions of the City by independent certified public accountants. The accompanying financial statements have been audited by the firm of LB Carlson, LLP, Independent Certified Public Accountants. The firm is engaged by the City Council to render an opinion on the City’s financial statements in accordance with accounting principles generally accepted in the United States of America, and an unmodified opinion has been issued. The independent auditor’s report is located at the front of the financial section of this report. Accounting principles generally accepted in the United States of America require that management provide a narrative introduction, overview, and analyis to accompany the basic financial statements in the form of Management’s Discussion and Analysis (MD&A). This letter of transmittal is designed to complement the MD&A and should be read in conjunction with it. The City’s MD&A can be found immediately following the report of the auditors. ## PROFILE ## OF THE CITY Ramsey is located in the southwestern part of Anoka County and is situated approximately 25 miles from Minneapolis. The City has 28.8 square miles within its corporate boundaries and is bordered by two major rivers, the Mississippi River along the southern border and the Rum River along the east. Ramsey was incorporated as a city in 1974, and is organized as a Home Rule City under a City Charter originally adopted in 1984. The City Council consists of a Mayor and six Councilmembers, and is elected on a nonpartisan basis. Elections are held in November of each even numbered year. The terms of office are four years for the Mayor and four years for Councilmembers. The City Council is responsible for enacting ordinances, resolutions, and regulations governing the City, and appointing the City Administrator, City Attorney, and members of the various advisory boards and commissions. Because the City Council acts as the Board of Directors of the Ramsey Economic Development Authority (EDA) this organization is included as a blended component unit in these financial statements. 15 The City provides a variety of municipal services. These include a full-time police department, a volunteer fire department, engineering services, street and park maintenance, building inspections, planning and zoning, public improvements, general administrative services, and public water and sewer utilities in the urban service areas. The City adopts an annual budget for the General Fund and the EDA Special Revenue Fund. Legal level of control is at the function level. Department heads may transfer resources within a function as they see fit. Transfers between functions, however, need special approval from the City Council. ## LOCAL ECONOMY The City has an unemployment rate of 4.3% in comparison to the state average of 4.3%. Ramsey has an employed labor force of 15,863. Anoka County, in which Ramsey is located, has an employed labor force of 207,107 and an unemployment rate of 4.1%. The median household income is $116,415. There are approximately 10,726 housing units in the City. The median home value is $388,141. In addition, there were 179 new single-family homes and 50 multi-family housing units with a valuation of $71.6 million constructed in 2025. The new 133-unit Skyline Apartment on Sunwood opened in the fall of 2025. The apartment complex includes 12,000 square feet of retail space on the first floor. T Sharp hair salon is the first lessee and will be opening in the spring of 2026. A few of the other housing projects that were authorized in 2025 include Riverstone 6 th addition with 14 single family homes, Rivenwick Village 4 th addition with 27 townhomes, Brookside Terrace with 6 single family homes and O’Shaughnessy 3 rd addition with 4 single family homes. Six hundred and twenty-six businesses call Ramsey home; those businesses employ nearly 7,534 people. Six new commercial permits were issued in 2025 with a permit valuation of $18.6 million. Some of the commercial projects completed in 2025 were Complete Auto Service, H2O Innovation USA, MKP Motors, True North Outdoor Services, HHH Pediatric Therapy, Lightbridge Academy Day Care, Blue Lagoon Hot Tubs, Beeline Plumbing and Zero Zone expansion. The City also saw new hospitality/entertainment development with the addition of SUR by Vita Bella Restaurant, Taco Bell (the 100 th store in Minnesota). King Baguette, Home 2 Suites by Hilton, and In the Game Pickleball and Golf. A Chipolte restaurant is set to open in the spring of 2026. The City has three major industrial districts containing multiple business parks with a combined capacity of over 500 acres and 70 industrial/office buildings. Bunker Lake Industrial Park, the newest 115-acre business park, west of Armstrong Boulevard, opened in 2018 and now has 984,000 square feet of industrial buildings constructed and has over 50 acres left for development. Upon completion, this business park is estimated to generate around three million dollars in annual property taxes and create about 1,500 jobs. In addition, the city is actively developing a city center known as The COR (Center of Ramsey). The development vision for this 400-acre area located in the heart of Ramsey is for it to become the region’s center of retail, restaurants, service and office space, outdoor entertainment and parks, community amenities and housing. ## LONG-TERM FINANCIAL PLANNING The City of Ramsey prepares a ten-year capital improvement plan in an attempt to anticipate major capital expenditures in advance of the year in which they are budgeted. The City has a policy to maintain unassigned General Fund balance in an amount equal to 50% of the following years adopted operating budget, plus prior year encumbrances (if any). This policy is designed to establish a fund balance at a level which is sufficient to avoid issuing debt to meet current operating needs. 16 ## RELEVANT FINANCIAL POLICIES The City has a comprehensive set of financial policies that provide the basic framework for the overall fiscal management of the City. The City had no unusual occurrences affecting these policies. ## MAJOR INITIATIVES The City concluded working with the State and County in what is termed the Ramsey Gateway Project. The Ramsey Gateway Project provides grade separations of US Highway 10/169 and the BNSF Railway. Highway 10 improvements at Sunfish Lake and Ramsey Boulevard were part of the project plan. This was an $138 million project that had nine different state and local funding sources. The Sunfish Lake interchange was completed and in full operation in mid-November 2024 with the Ramsey Boulevard interchange in operation in the fall of 2025. Ramsey's contribution to the project was $4,000,000. With the Ramsey Gateway Project completed, the focus now shifts to redevelopment opportunities on parcels that were purchased for right of way under an old design that can now be sold back to the private market. A water treatment plant was substantially completed in late winter 2025. Major construction, along with the installation of trunk watermain coru'iections were undertaken in 2024. The plant with a total construction cost of $39 million, which included trunk watermain construction, will treat 10 million gallons per day. The Waterfront Park in the COR area is to be the home of an approximately $4 million water-play area which will include a splash pad, a fishing pier and a prefab restroom. July, 2026 is the target date for opening. ## CERTIFICATE OF ACHIEVEMENT The Governrnent Finance Officers Association of the United States and Canada (GFOA) awarded the Certificate of Achievement for Excellence in Financial Reporting (CAEFR) to the City for its Annual Comprehensive Financial Report for the year ended December 31, 2024. This was the thirty-first year the City has received this prestigious award. Also, the City had previously received the award from 1981 through 1988, after which the City did not participate in the program for several years. The CAEFR is valid for a period of one year only. We believe our current Annual Comprehensive Financial Report continues to meet the CAEFR Program's requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. ## ACKNOWLEDGMENT The 2025 Annual Comprehensive Financial Report of the City meets the highest professional standards and was prepared in a timely and cost-effective manner. This could never have been accomplished without the excellent work of the entire Finance Department. We would like to express our appreciation to the Finance Department and all members of the City's staff who contributed to its preparation. Respectfully submitted, ## Brian Hagen ## City Administrator ## Diana Lund ## Finance Director 17 ## PAGE INTENTIONALLY LEFT BLANK 18 ## Government Finance Officers Association Certificate of Achievement for Excellence in ## Financial ## Reporting Presented to ## City of Ramsey ## Minnesota ## For its Annual Comprehensive ## Financial ## Report for the Fiscal Year ## Ended December 31, 2024 ## Executive Director/CEO 19 ## PAGE INTENTIONALLY LEFT BLANK 20 ## FINANCIAL SECTION 21 ## PAGE INTENTIONALLY LEFT BLANK 22 ## INDEPENDENT AUDITOR’S REPORT ## To the City Council and Management ## City of Ramsey, Minnesota ## REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS ## OPINIONS 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 Ramsey, Minnesota (the City) as of and for the year ended December 31, 2025, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements as listed in the table of contents. 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, 2025, and the respective changes in financial position, and, where applicable, cash flows thereof, and the budgetary comparison for the General Fund for the year then ended, in accordance with accounting principles generally accepted in the United States of America. ## BASIS FOR OPINIONS 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. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City, and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. ## RESPONSIBILITIES OF MANAGEMENT FOR THE FINANCIAL STATEMENTS Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for 12 months beyond the financial statements date, including any currently known information that may raise substantial doubt shortly thereafter. (continued) 23 ## AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance, but is not absolute assurance and, therefore, is not a guarantee that an audit conducted in accordance with generally accepted auditing standards and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgement made by a reasonable user based on the financial statements. In performing an audit in accordance with generally accepted auditing standards and Government ## Auditing Standards, we: •Exercise professional judgment and maintain professional skepticism throughout the audit. •Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. •Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is expressed. •Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. •Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit. ## REQUIRED SUPPLEMENTARY INFORMATION Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and the required supplementary information (RSI), as listed in the table of contents, be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental 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 RSI 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. (continued) 24 ## SUPPLEMENTARY INFORMATION Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The accompanying combining and individual fund statements and schedules, as listed in the table of contents, are presented for the purpose of additional analysis and are not a required part of the basic 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 basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the supplementary information is fairly stated, in all material respects, in relation to the basic financial statements as a whole. ## OTHER INFORMATION Management is responsible for the other information included in the annual report. The other information comprises the introductory and statistical sections but does not include the basic financial statements and our auditor’s report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report. ## OTHER REPORTING REQUIRED BY GOVERNMENT AUDITING STANDARDS In accordance with Government Auditing Standards, we have also issued our report dated June 1, 2026, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements, and other matters. The purpose of that report is solely 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 effectiveness of the City’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance. Respectfully submitted, ## LB CARLSON, LLP ## Minneapolis, Minnesota June 1, 2026 25 ## PAGE INTENTIONALLY LEFT BLANK 26 ## CITY OF RAMSEY ## Management’s Discussion and Analysis ## Year Ended December 31, 2025 As management of the City of Ramsey, Minnesota (the City), we have provided readers of the City’s financial statements with this narrative overview and analysis of the financial activities of the City for the fiscal year ended December 31, 2025. The discussion and analysis is intended to be considered in conjunction with the additional information that we have furnished in our letter of transmittal, located earlier in this report, and the City’s financial statements contained within this report. ## FINANCIAL HIGHLIGHTS •The City’s assets and deferred outflows of resources exceeded its liabilities and deferred inflows of resources at December 31, 2025 by $271,861,837 (net position). •Government-wide revenues totaled $57,133,346 and were $20,159,402 more than expenses. •As of the close of the current fiscal year, the City’s governmental funds reported a combined ending fund balance of $57,685,204 a decrease of $1,857,629 from the prior fiscal year, largely attributed to the continued reconstruction of city streets via the City’s Pavement Management Program. •At the end of the current fiscal year the General Fund equity balance of $14,462,749 included $26,466 of nonspendable fund balance and $14,436,283 of unassigned fund balance. ## OVERVIEW OF THE FINANCIAL STATEMENTS Management’s Discussion and Analysis (MD&A) is intended to serve as an introduction to the City’s basic financial statements, which are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to basic financial statements. This report also contains other information in addition to the basic financial statements themselves. Government-Wide Financial Statements – The government-wide financial statements are designed to provide readers with a broad overview of the City’s finances, in a manner similar to private sector businesses. The Statement of Net Position presents information on all of the City’s assets, liabilities, and deferred inflows/outflows, as applicable, (excluding Fiduciary Funds), with the difference reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating. The Statement of Activities presents information showing how the City’s net position changed during the most recent fiscal year. All changes in net position 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 this statement for some items that will only result in cash flows in future fiscal periods (e.g., delinquent taxes and special assessments). Both of the government-wide financial statements distinguish functions of the City that are principally supported by property 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). 27 ## OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED) The governmental activities include general government, public safety, highways and streets, culture and recreation, and economic development. The business-type activities of the City include enterprises for water, sewer, street light, recycling, and storm water utilities. 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, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The funds of the City are divided into three categories—Governmental Funds, Proprietary Funds, and Fiduciary 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 the 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 Funds balance sheet and the statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate the comparison between Governmental Funds and governmental activities. The fund financial statements present information for each Major Governmental Fund in separate columns. Data from the Nonmajor Governmental Funds are combined into a single, aggregated presentation. Individual Fund data for each of these Nonmajor Governmental Funds is provided in the form of combining statements elsewhere in this report. The City adopts an annual appropriated budget for the General Fund and the Economic Development Authority Special Revenue Fund. Budget-to-actual comparisons are provided in this financial report for these funds. Proprietary Funds – The City 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 uses one Internal Service Fund to accumulate and allocate insurance costs internally among the various city functions. Because the Internal Service Fund is predominantly used by governmental functions, it is included within governmental activities in the government-wide financial statements. Fiduciary Funds – Fiduciary Funds are used to account for resources held for the benefit of parties outside of the City. Fiduciary Funds are not reflected in the government-wide financial statements because the resources for those funds are not available to support the City’s own programs. The accounting used for Fiduciary Funds is much like that used for Proprietary Funds. Notes to Basic Financial Statements – The notes to basic financial statements provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements. Other Information – In addition to the basic financial statements and accompanying notes, the financial section also presents required supplementary information, and the combining and individual fund statements and schedules (presented as supplementary information) referred to earlier in connection with nonmajor governmental funds, which are presented immediately following the basic financial statements. 28 ## OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED) Further, a statistical section has been included as part of the annual comprehensive financial report to facilitate additional analysis, and is the third and final section of the report. ## GOVERNMENT-WIDE FINANCIAL ANALYSIS As noted earlier, net position may serve over time as a useful indicator of a government’s financial position. The City’s assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by $271,861,837 at December 31, 2025. Total net position increased by $20,159,402 from current year operating results. By far, the largest portion of the City’s net position (72 percent) reflects its investment in capital assets (e.g., land, buildings, machinery, infrastructure, and equipment), less any related debt used to acquire those assets that is still outstanding. The City uses these capital assets to provide services to citizens; consequently, these assets are not available for future spending. Although the City’s investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. The following is a summary of the City’s net position: 202520242025202420252024 Current and other assets64,587,872$ 66,922,957$ 27,075,972$ 32,966,160$ 91,663,844$ 99,889,117$ Capital assets, net of depreciation119,556,986 111,196,429 114,179,524 97,821,087 233,736,510 209,017,516 Total as s ets184,144,858$ 178,119,386$ 141,255,496$ 130,787,247$ 325,400,354$ 308,906,633$ Deferred outflows of resources OPEB plan deferments794,118$ 899,946$ –$ –$ 794,118$ 899,946$ Pension plan deferments4,964,317 6,174,804 149,572 111,213 5,113,889 6,286,017 Total assets5,758,435$ 7,074,750$ 149,572$ 111,213$ 5,908,007$ 7,185,963$ Liab ilities Cu rren t an d o t h er liab ilities4,050,369$ 4,119,931$ 2,236,794$ 2,319,569$ 6,287,163$ 6,439,500$ Long-term liabilities44,647,118 48,048,879 362,265 370,664 45,009,383 48,419,543 To tal liab ilit ies48,697,487$ 52,168,810$ 2,599,059$ 2,690,233$ 51,296,546$ 54,859,043$ Deferred inflows of res ources Leases receivable for subsequent years987,781$ 1,178,551$ –$ –$ 987,781$ 1,178,551$ OPEB plan deferments501,015 552,416 –– 501,015 552,416 Pension plan deferments6,433,677 7,553,769 227,505 246,382 6,661,182 7,800,151 Total deferred inflows of resources7,922,473$ 9,284,736$ 227,505$ 246,382$ 8,149,978$ 9,531,118$ Net p o s itio n Net inves tment in capital as s ets82,689,945$ 72,783,568$ 112,202,886$ 95,749,335$ 194,892,831$ 168,532,903$ ## R es t ricted11,974,763 14,022,396 – – 11,974,763 14,022,396 Unres tricted38,618,625 36,934,626 26,375,618 32,212,510 64,994,243 69,147,136 Total net pos ition133,283,333$ 123,740,590$ 138,578,504$ 127,961,845$ 271,861,837$ 251,702,435$ ## Governmental ActivitiesBusiness-Type ActivitiesTotal The City’s financial position is the product of many factors. For example, the determination of the City’s net investment in capital assets involves many assumptions and estimates, such as current and accumulated depreciation amounts. A conservative versus a liberal approach to depreciation estimates, as well as capitalization policies, will produce a very significant difference in the calculated amounts. 29 ## GOVERNMENT-WIDE FINANCIAL ANALYSIS (CONTINUED) The City has taken a conservative financial approach, carefully analyzing revenues and expenditures/expenses to assure operation of a balanced budget. The ongoing management of revenue and expenditures/expenses has resulted in a high-quality bond rating. The City’s AA+ bond rating was last reaffirmed by Standard and Poor’s (S&P) in October 2023. This has also allowed the City to continue to provide quality public services at a tax rate that is affordable. At the end of the current fiscal year, the City reported positive balances in all three categories of net position, both for the government as a whole, as well as for its separate governmental and business-type activities. Changes in the City’s proportionate share of state-wide pension obligations contributed to the differences in amounts presented as deferred outflows, noncurrent liabilities, and deferred inflows in the previous table. Ongoing construction and reconstruction of City streets, spending for a new water treatment plant, and its respective trunk watermain improvements increased capital assets and the net investment in capital assets portion of net position, while reducing current and other assets. The following is a summary of the City’s changes in net position: 202520242025202420252024 ## Revenues Program revenues Ch arg es fo r s erv ices2,995,895$ 3,155,387$ 8,502,169$ 7,656,188$ 11,498,064$ 10,811,575$ Operating grants and co n trib u tio n s1,344,633 996,098 70,390 88,200 1,415,023 1,084,298 Capital grants and co n trib u tio n s9,265,973 9,887,748 6,732,029 7,812,542 15,998,002 17,700,290 General revenues Pro p erty taxes23,699,395 23,041,341 – – 23,699,395 23,041,341 General grants and contributions135,308 3,760 – – 135,308 3,760 In v es tmen t earn in g s2,084,759 2,530,184 2,243,120 1,940,725 4,327,879 4,470,909 Gain o n s ale o f cap it al as s et s59,675 94,090 – – 59,675 94,090 To tal rev en u es39,585,638 39,708,608 17,547,708 17,497,655 57,133,346 57,206,263 ## Expenses General government6,126,045 5,645,480 – – 6,126,045 5,645,480 Pu b lic s afety9,597,991 8,894,134 – – 9,597,991 8,894,134 Hig h way s an d s treets9,194,282 7,783,629 – – 9,194,282 7,783,629 Cu ltu re an d recreatio n2,682,150 2,430,888 – – 2,682,150 2,430,888 Economic development1,342,690 1,488,674 – – 1,342,690 1,488,674 In teres t 1, 134,749 1,317,942 – – 1,134,749 1,317,942 W at er u t ilit y– – 2,360,896 2,243,736 2,360,896 2,243,736 Sewer u t ilit y– – 2,539,590 2,411,209 2,539,590 2,411,209 St reet lig h t u t ilit y– – 216,126 167,123 216,126 167,123 Recy clin g u t ilit y– – 580,435 549,993 580,435 549,993 St o rm wat er u t ilit y– – 1,198,990 1,022,935 1,198,990 1,022,935 To tal exp en s es30,077,907 27,560,747 6,896,037 6,394,996 36,973,944 33,955,743 Change in net position b efo re tran s fers9,507,731 12,147,861 10,651,671 11,102,659 20,159,402 23,250,520 Tran s fers35,012 (694,468) (35,012) 694,468 – – Ch an g e in n et p o s itio n9,542,743 11,453,393 10,616,659 11,797,127 20,159,402 23,250,520 Net position Beg in n in g123,740,590 112,287,197 127,961,845 116,164,718 251,702,435 228,451,915 En d in g133,283,333$ 123,740,590$ 138,578,504$ 127,961,845$ 271,861,837$ 251,702,435$ ## TotalGovernmental ActivitiesBusiness-Type Activities 30 ## GOVERNMENT-WIDE FINANCIAL ANALYSIS (CONTINUED) Governmental Activities – Governmental activities account for a $9,542,743 increase in the City’s net position. Capital grants and contributions decreased by $621,775 due to a decrease in park dedication contributions. Operating grants and contributions increased by $348,535 as the City received $316,780 from the State of Minnesota in 2025 for a new program known as the Local Affordable Housing Aid. Investment earnings decreased $445,425. The City is required per the Governmental Accounting Standards Board to reflect most investments at fair value as of December 31 st of the current year. The City reflects any changes in fair value against interest earnings. The City also saw a decrease on the interest collected on internal loans. Property taxes saw an increase of $658,054 or 3% which was the net effect of the City increasing their 2025 tax levy by approximately 8% over the 2024 adopted levy, but lower property tax collections due to the abatement of 2024 market valuations on several properties. Charges for services decreased by $159,492 as the City reduced the annual rental license fees in 2025. Expenses for the general government function increased by $480,565 due largely to personnel costs. The public safety function increase of $703,857 was also attributed to personnel costs. Highways and streets expense increased by $1,410,653 due to an increase in the number of street maintenance projects. Culture and recreation increased $251,262 due largely to the improvements of playground equipment. The economic development function decreased by $145,984 due to a decrease of expenses in the COR area. Interest had a decrease of $183,193 for payment of debt service. Business-Type Activities – Business-type activities, which are the City’s utility operations of water, sewer, street light, recycling, and storm water, increased the City’s net position by $10,616,659. Key elements of this increase are as follows: • Charges for services increased by $845,981 from the prior year. This is primarily due to an increase in collections from quarterly utility billing collections related to the water, sewer and storm water utility. • Capital grants and contributions decreased $1,080,513. In 2024, the City had received a $3.2 million dollar state grant for the construction of a water treatment plant. • Investment earnings increased $302,395. The city is required per the Governmental Accounting Standards Board to reflect most investments at fair value as of December 31 st of the current year. The city reflects any changes in fair value against interest earnings. Governmental Activities – The following graph illustrates the City’s governmental activities: ## Program Revenues and Expenses – Governmental Activities $– $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 $1 0, 000 ,0 00 ## General ## Government ## Public Safety Highways and Streets Culture and ## Recreation ## Economic D evelo pm ent ## Interest ## Program RevenuesExpenses 31 ## GOVERNMENT-WIDE FINANCIAL ANALYSIS (CONTINUED) The graph clearly reflects the need for property taxes to supplement the governmental activities of the City. The trend of property taxes shows an increasing reliance on this source of revenue. Governmental Activities – The following chart illustrates the City’s governmental activities revenues: ## Revenue by Source – Governmental Activities Ca pi tal grants and co ntri b utions 23.41% Ope ra ting gra nts and contri butions 3.40% Ga i n on sale of capital assets 0.15% ## General gra nts and co n tri butions 0.34% ## Investment earnings 5.26% Ch a rge s fo r services 7.57% Prope rty ta xe s 59.87% Business-Type Activities – The following graph illustrate the City’s business-type activities: ## Program Revenues and Expenses – Business-Type Activities $– $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 ## WaterSewerStreet LightRecyclingStorm Water ## Program RevenuesExpenses 32 ## GOVERNMENT-WIDE FINANCIAL ANALYSIS (CONTINUED) Business-Type Activities– The following graph illustrate the City’s business-type activities revenues: ## Revenues By Source –Business-Type Activities Ca pi tal Grants and ## Contributions 38.36% Ope ra ting Grants and ## Contributions 0.40% ## Investment Ea rni ngs 12.79% Ch a rge s for ## Services 48.45% Capital grants and contributions (38.36%) and charges for services (48.45%) are the main sources of revenue for the business-type activities, which represent the utility funds. Investment earnings (12.79%) resulted from returns from stable interest rates. ## FINANCIAL ANALYSIS OF THE CITY’S FUNDS Governmental Funds– At the end of the fiscal year, the City’s Governmental Funds reported combined ending fund balances of $57,685,204, a decrease of $1,857,629 in comparison with the prior year. The decrease is largely attributed to current year operating and capital spending of resources. The General Fund reported a fund balance increase of $1,138,376 in the current year. The increase is attributed to the City’s fund balance policy which states that ending fund balance shall be equal to fifty percent (50%) of the next years adopted operating budget, plus prior-year encumbrances (if any). The favorable revenue variance helped the City to meet the fund balance policy goal. General Fund –The General Fund operating results can be summarized as follows: Original andOver (Under)Percent Over ## Final BudgetActualBudget(Under) Budget Rev en u e19,490,216$ 20,688,086$ 1,197,870$ 6.15% Exp en d itu res20,373,610 19,309,070 (1,064,540) -5.23% Excess (deficiency) of revenue o v er exp en d itu res(883,394) 1,379,016 2,262,410 Oth er fin an cin g s o u rces (u s es )883,394 (240,640) (1,124,034) Net change in fund balances–$ 1,138,376 1,138,376$ Fund balances Beg in n in g o f y ear13,324,373 En d o f y ear14,462,749$ 33 ## FINANCIAL ANALYSIS OF THE CITY’S FUNDS (CONTINUED) ## General Fund Budgetary Highlights The City does not formally amend its original budget during the calendar year except for extraordinary circumstances. Budget to actual reports are presented monthly to City Council and responsible staff. Actual revenues exceeded budgeted revenues by $1,197,870. The majority of the variance was attributed to conservative budgeting with most sources surpassing budget expectations. The largest variances occurred in licenses and permits ($486,014) due to an increase in building construction and charges for services ($433,238) with more development activity than anticipated. The difference between the final expenditure budget and actual was $1,064,540. All current functions came in underbudget due to several individual line items within each function spending less than originally requested. Final budget numbers are based on past history and expected needs. Overall fund balance increased by $1,138,376 to an ending fund balance of $14,462,749. The city’s ending fund balance increase of $1,138,376 is determined by its fund balance policy which for the year ending is summarized: x $1,207,995 increase based on 50% increase in next years adopted budget x $(69,619) decrease in prior year encumbrances relate to personal costs and general liabilities. Tax Increment Fund – This Special Revenue Fund had a year-end fund balance of $2,780,887 which reflects a decrease of $581,626 from 2024. The decrease was largely due to economic development spending and transfers to several funds that contributed to the development of the COR area. COR Land Fund – This Special Revenue Fund decreased $1,632,075 to a year-end fund balance of $6,965,191. The decrease was attributed to transfers to the Park Improvement Fund for the construction costs of the Draw Park. Private Developer Fund – This Special Revenue Fund is used to account for monies deposited from developers to offset city administrative costs. There is no fund balance recorded for 2025. RALF Funded Projects Fund – This Capital Project Fund had a year-end fund balance of $273,915. The decrease in fund balance by $126,922 was the return of rental income to Met Council. State-Aid Construction Fund – This Capital Project Fund saw an overall decrease in fund balance of $32,428. Pavement Management Program Fund – This Capital Project Fund saw a decrease in fund balance of $3,104,805 due to a significant increase in street reconstruction projects. The ending fund balance for 2025 was $8,813,381. Park Improvement Fund – This Capital Project Fund had a year-end fund balance of $11,066,067, or a $1,978,472 increase from 2024. The increase was due to the transfer from the COR Land Fund for the construction costs of the Draw Park in the COR. Proprietary Funds – The City’s Proprietary Funds provide the same type of information found in the government-wide financial statements, but in more detail. The City’s Enterprise Funds had a combined net position balance of $138,578,504 at December 31, 2025. The financial activities of these funds have been summarized in previous charts within this discussion. The City’s Internal Service Fund had an ending net position of $439,765. 34 ## FINANCIAL ANALYSIS OF THE CITY’S FUNDS (CONTINUED) The Enterprise Funds consist of the Water Utility Fund, Sewer Utility Fund, Street Light Utility Fund, Recycling Utility Fund, and Storm Water Utility Fund. ## CAPITAL ASSETS AND LONG-TERM LIABILITIES Capital Assets – The City’s investment in capital assets (net of accumulated depreciation) for its governmental and business-type activities as of December 31, 2025 are as follows: 202520242025202420252024 Capital assets - not depreciated11,797,451$ 19,744,715$ 35,551,809$ 23,943,526$ 47,349,260$ 43,688,241$ Capital assets - depreciated107,759,535 91,451,714 78,627,715 73,877,561 186,387,250 165,329,275 Total capital assets, net of depreciation119,556,986$ 111,196,429$ 114,179,524$ 97,821,087$ 233,736,510$ 209,017,516$ Depreciation expense6,565,986$ 5,844,465$ 2,418,234$ 2,265,148$ 8,984,220$ 8,109,613$ ## Governmental ActivitiesBusiness-Type ActivitiesTotal The City’s investment in capital assets for its governmental and business-type activities as of December 31, 2025 amounts to approximately $234 million (net of accumulated depreciation). The governmental activities show a net increase of $8,360,557 in capital assets attributable to the construction and reconstruction of City streets. Business-type activities show a net increase of $16,358,437 in capital assets. The increase is attributable to the construction of a water treatment plant. Additional details of capital asset activity for the year can be found in Note 5 of the notes to basic financial statements. Long-Term Liabilities – The Debt Service Funds account for the accumulation of resources to finance all of the City’s governmental activity general obligation bonds. The revenue sources for these funds include annual tax levies and special assessments. At year-end, the City had fund balance of $622,753 restricted for debt service. The following table summarizes the City’s long-term liabilities: 202520242025202420252024 Governmental activities G.O. improv emen t b on ds33,875,000$ 36,740,000$ –$ –$ 33,875,000$ 36,740,000$ Cap ital eq uipment certificates1,180,000 1,295,000 – – 1,180,000 1,295,000 Un amo rtized b on d p remiu ms1,730,740 1,915,176 – – 1,730,740 1,915,176 Co mpen s ated abs en ces p ayable1,467,069 1,270,328 – – 1,467,069 1,270,328 Net p ens io n liability4,936,498 5,448,915 – – 4,936,498 5,448,915 To tal OPEB liability1,457,811 1,379,460 – – 1,457,811 1,379,460 Business-type activities– – Net p en s io n liab ilit y362,265 370,664 362,265 370,664 To tal44,647,118$ 48,048,879$ 362,265$ 370,664$ 45,009,383$ 48,419,543$ ## TotalGovernmental ActivitiesBusiness-Type Activities During the current fiscal year, the City saw a decrease of $2,980,000 in bonds and certificates. Compensated absences liability increased by $196,741. Net pension liability saw a decrease of $520,816 to reflect the change in the City’s proportionate share of the state-wide PERA pension plan obligations. Other Post-Employment Benefits (OPEB) increased $78,351 due to experience losses. 35 ## CAPITAL ASSETS AND LONG-TERM LIABILITIES (CONTINUED) State statutes limit the amount of general obligation debt a governmental entity may issue to three percent of its total assessed valuation. The current legal debt margin for the City is $96,927,627. The City has sufficient funds on hand to make all required bond payments, and anticipates an ongoing stream of revenue to make future bond payments. Additional details of the long-term debt activity for the year can be found in Note 6 of the notes to basic financial statements. ## ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND RATES •The unemployment rate for the City is currently 4.3%, which is an increase from a rate of 3.0% a year ago. The state of Minnesota shows an average unemployment rate of 4.3%, whereas, nationally the unemployment rate is 4.1%. •The housing market has increased the City’s estimated market value from $4.529 billion in 2024/taxes payable 2025 to $4.561 billion in 2025/taxes payable 2026 for a percentage increase of approximately 1%. •Inflationary trends in the region compare favorably to national indices. All of these factors were considered in preparing the City of Ramsey’s budget for the 2026 fiscal year. The water, sewer and storm utility rates were increased for the 2026 budget year. The water utility, which has a tiered rate structure, will increase by an average of 6% for all customers. The sewer utility, which has a flat rate structure for residential accounts only, will see an increase of 6%. Commercial sewer accounts, whose charges are based on their water usage, will also see a rate increase of 6%. Storm water utility will increase an average of 15%. The increased rates not only offset current maintenance costs and depreciation, but are being used to finance future utility improvements that are documented in the City’s ten-year Capital Improvement Plan. ## REQUESTS FOR INFORMATION Questions concerning any of the information provided in this report or requests for additional information should be addressed by writing to the City of Ramsey, 7550 Sunwood Drive Northwest, Ramsey, MN 55303 or by calling (763) 427-1410. 36 ## BASIC FINANCIAL STATEMENTS 37 ## PAGE INTENTIONALLY LEFT BLANK 38 ## GovernmentalBusiness-Type ## ActivitiesActivitiesTotal ## Assets Cash and temporary investments 57,274,605$ 23,036,656$ 80,311,261$ ## Receivables Unremitted taxes 264,081 – 264,081 Delinquent taxes 222,469 – 222,469 Unremitted special assessments 1,697 – 1,697 Delinquent special assessments49,617 12,610 62,227 Deferred special assessments149,471 347,678 497,149 Accounts 73,039 2,212,788 2,285,827 Notes131,523 – 131,523 Interest 499,374 – 499,374 Internal balances(920,653) 920,653 – Leases987,781 – 987,781 Due from other governmental units1,073,483 424,232 1,497,715 Prepaids 29,459 121,355 150,814 Land held for resale4,751,926 – 4,751,926 Capital assets Not depreciated11,797,451 35,551,809 47,349,260 Depreciated107,759,535 78,627,715 186,387,250 Total capital assets, net of depreciation119,556,986 114,179,524 233,736,510 Total assets 184,144,858 141,255,496 325,400,354 Deferred outflows of resources OPEB plan deferments794,118 – 794,118 Pension plan deferments4,964,317 149,572 5,113,889 Total deferred outflows of resources5,758,435 149,572 5,908,007 Total assets and deferred outflows of resources189,903,293$ 141,405,068$ 331,308,361$ ## Liabilities Accounts and contracts payable471,060$ 2,072,001$ 2,543,061$ Salaries and benefits payable 595,222 – 595,222 Accrued interest payable 69,172 – 69,172 Deposits payable2,841,536 – 2,841,536 Due to other governmental units73,379 79,224 152,603 Unearned revenue – 85,569 85,569 Long-term liabilities Due within one year2,758,225 – 2,758,225 Due in more than one year41,888,893 362,265 42,251,158 Total long-term liabilities44,647,118 362,265 45,009,383 Total liabilities48,697,487 2,599,059 51,296,546 Deferred inflows of resources Leases receivable for subsequent years987,781 – 987,781 OPEB plan deferments501,015 – 501,015 Pension plan deferments6,433,677 227,505 6,661,182 Total deferred inflows of resources7,922,473 227,505 8,149,978 ## Net Position Net investment in capital assets82,689,945 112,202,886 194,892,831 Restricted for Street improvements 1,375,332 – 1,375,332 Debt service643,790 – 643,790 Economic development1,764,394 – 1,764,394 Housing and redevelopment4,751,926 – 4,751,926 Recreation/community programs166,166 – 166,166 Public safety483,390 – 483,390 Tax increment2,789,765 – 2,789,765 Unrestricted38,618,625 26,375,618 64,994,243 Total net position133,283,333 138,578,504 271,861,837 Total liabilities, deferred inflows of resources and net position189,903,293$ 141,405,068$ 331,308,361$ See notes to basic financial statements ## CITY OF RAMSEY ## Statement of Net Position December 31, 2025 39 ## PAGE INTENTIONALLY LEFT BLANK 40 ## Program Revenues ## Operating Capital ## Charges for Grants and Grants and Governmental Business-Type ## Functions/ProgramsExpenses ServicesContributionsContributions Activities Activities Total Governmental activities General government6,126,045$ 929,249$ 458,092$ 485,019$ (4,253,685)$ –$ (4,253,685)$ Public safety9,597,991 1,521,500 891,141 10,326 (7,175,024) – (7,175,024) Highways and streets 9,194,282 502,436 – 8,184,946 (506,900) – (506,900) Culture and recreation 2,682,150 42,710 – 585,682 (2,053,758) – (2,053,758) Economic development1,342,690 – – – (1,342,690) – (1,342,690) Interest1,134,749 – – – (1,134,749) – (1,134,749) Total governmental activities30,077,907 2,995,895 1,349,233 9,265,973 (16,466,806) – (16,466,806) Business-type activities Water utility 2,360,896 3,610,668 – 2,775,987 – 4,025,759 4,025,759 Sewer utility 2,539,590 2,560,621 – 2,101,596 – 2,122,627 2,122,627 Street light utility 216,126 257,712 – – – 41,586 41,586 Recycling utility 580,435 483,595 70,390 – – (26,450) (26,450) Storm water utility 1,198,990 1,589,573 – 1,854,446 – 2,245,029 2,245,029 Total business-type activities6,896,037 8,502,169 70,390 6,732,029 – 8,408,551 8,408,551 Total governmental and business-type activities36,973,944$ 11,498,064$ 1,419,623$ 15,998,002$ (16,466,806) 8,408,551 (8,058,255) General revenues Property taxes23,699,395 – 23,699,395 General grants and contributions135,308 – 135,308 Investment earnings2,084,759 2,243,120 4,327,879 Gain on sale of capital assets55,075 – 55,075 Transfers35,012 (35,012) – Total general revenues and transfers26,009,549 2,208,108 28,217,657 Change in net position9,542,743 10,616,659 20,159,402 Net position - beginning123,740,590 127,961,845 251,702,435 Net position – ending133,283,333$ 138,578,504$ 271,861,837$ See notes to basic financial statements Net (Expenses) ## CITY OF RAMSEY ## Statement of Activities ## Year Ended December 31, 2025 ## Revenue and Changes in Net Position 41 ## CITY OF RAMSEY ## Balance Sheet ## Governmental Funds December 31, 2025 ## Formerly ## Major ## Fund ## CORDeveloper's Private ## GeneralTax Increment LandFeesDeveloper ## Assets Cash and temporary investments14,619,900$ 5,045,628$ 2,213,265$ –$ 2,772,609$ ## Receivables Unremitted taxes 203,106 1,023 – – – Delinquent taxes162,462 8,878 – – – Unremitted special assessments 58 – – – – Delinquent special assessments46,980 – – – – Deferred special assessments3,190 – – – – Accounts 21,050 – – – 15,846 Notes– – – – – Interest 499,374 – – – – Leases952,135 – – – – Due from other governmental units71,524 – – – – Due from other funds– – – – – Advances to other funds– – – – – Prepaids 26,466 – – – – Land held for resale– – 4,751,926 – – Total assets16,606,245$ 5,055,529$ 6,965,191$ –$ 2,788,455$ ## Liabilities Accounts and contracts payable311,842$ 3,720$ –$ –$ 3,719$ Salaries and benefits payable 595,222 – – – – Deposits payable56,800 – – – 2,784,736 Due to other governmental units14,865 143 – – – Due to other funds– 25,000 – – – Advances from other funds– 2,236,901 – – – Unearned revenue– – – – – Total liabilities978,729 2,265,764 – – 2,788,455 Deferred inflows of resources Leases receivable for subsequent years952,135 – – – – Unavailable revenue - MSA allocation– – – – – Unavailable revenue - property taxes162,462 8,878 – – – Unavailable revenue - special assessments50,170 – – – – Unavailable revenue - notes– – – – – Total deferred inflows of resources1,164,767 8,878 – – – Fund balances Nonspendable26,466 – – – – Restricted– 2,780,887 4,751,926 – – Committed– – – – – Assigned– – 2,213,265 – – Unassigned14,436,283 – – – – Total fund balances14,462,749 2,780,887 6,965,191 – – Total liabilities, deferred inflows of resources, and fund balances 16,606,245$ 5,055,529$ 6,965,191$ –$ 2,788,455$ See notes to basic financial statements ## Special Revenue Funds 42 ## RALFPavement ## FundedState-AidManagementPark ## ProjectsConstructionProgramImprovementNonmajorTotals 253,164$ 445,454$ 8,859,090$ 11,113,297$ 11,504,533$ 56,826,940$ – – 23,144 – 36,808 264,081 – – 19,414 – 31,715 222,469 – – 318 – 1,321 1,697 – – – – 2,637 49,617 – – 26,349 – 119,932 149,471 23,510 – – – 12,633 73,039 – – – – 131,523 131,523 – – – – – 499,374 35,646 – – – – 987,781 – 940,845 – – 61,114 1,073,483 – – – – 25,000 25,000 – – – – 1,454,009 1,454,009 – – – – 2,993 29,459 – – – – – 4,751,926 312,320$ 1,386,299$ 8,928,315$ 11,113,297$ 13,384,218$ 66,539,869$ 2,759$ 10,967$ 69,171$ 47,230$ 13,752$ 463,160$ – – – – – 595,222 – – – – – 2,841,536 – – – – 58,371 73,379 – – – – – 25,000 – – – – 137,761 2,374,662 – – – – – – 2,759 10,967 69,171 47,230 209,884 6,372,959 35,646 – – – – 987,781 – 940,845 – – – 940,845 – – 19,414 – 31,715 222,469 – – 26,349 – 122,569 199,088 – – – – 131,523 131,523 35,646 940,845 45,763 – 285,807 2,481,706 – – – – 2,993 29,459 – 434,487 – – 3,032,850 11,000,150 – – – – 1,891,396 1,891,396 273,915 – 8,813,381 11,066,067 7,961,288 30,327,916 – – – – – 14,436,283 273,915 434,487 8,813,381 11,066,067 12,888,527 57,685,204 312,320$ 1,386,299$ 8,928,315$ 11,113,297$ 13,384,218$ 66,539,869$ ## Capital Project Funds 43 ## PAGE INTENTIONALLY LEFT BLANK 44 $ 57,685,204 ## Capitalassetsusedingovernmentalactivitiesarenotfinancialresourcesandtherefore are not reported as assets in Governmental Funds. Net book value of capital assets 119,556,986 ## Long-termliabilitiesarenotdueandpayableinthecurrentperiodandthereforeare not reported as liabilities in the funds. Long-term liabilities at year-end consist of: Bonds and capital equipment certificates (35,055,000) Unamortized bond premiums (1,730,740) Compensated absences payable (1,467,069) Net pension liability (4,936,498) ## Total OPEB liability (1,457,811) ## Certainrevenues(includinglong-termreceivables,delinquenttaxes,andspecial assessments)areincludedinnetposition,butareexcludedfromfundbalancesuntil they are available to liquidate liabilities of the current period. 1,493,925 ## Accruedinterestpayableisincludedinnetposition,butisexcludedfromfund balances until due and payable. (69,172) Governmental funds do not report certain amounts related to pensions and OPEB: Deferred outflows of resources for OPEB plan deferments 794,118 Deferred outflows of resources for pension plan deferments 4,964,317 Deferred inflows of resources for OPEB plan deferments (501,015) Deferred inflows of resources for pension plan deferments (6,433,677) ## InternalServiceFundsareusedtomanageinsurance-relatedactivity.Theassetsand liabilitiesoftheInternalServiceFundsareincludedingovernmentalactivitiesinthe Statement of Net Position. 439,765 $ 133,283,333 - See notes to basic financial statements Total net position – governmental activities Amounts reported for governmental activitiesinthe StatementofNetPosition are different because: ## CITY OF RAMSEY ## Reconciliation of the Balance Sheet to the Statement of Net Position ## Governmental Funds December 31, 2025 Total fund balances – Governmental Funds 45 ## CITY OF RAMSEY ## Statement of Revenue, Expenditures, and Changes in Fund Balances ## Governmental Funds ## Year Ended December 31, 2025 ## Formerly ## Major ## Fund ## CORDeveloper's Private ## GeneralTax Increment LandFeesDeveloper ## Revenue Property taxes 16,534,327$ 2,194,648$ –$ –$ –$ Special assessments7,502 – – – – Licenses and permits 1,446,884 – – – – Intergovernmental revenue1,016,315 – – – – Charges for services1,213,938 – – – – Contributions– – – – – Fines and forfeits53,017 – – – – Other revenue Investment earnings 406,084 229,032 122,122 – – Miscellaneous 10,019 – – – 104,912 Total revenue20,688,086 2,423,680 122,122 – 104,912 ## Expenditures ## Current General government5,078,117 – – – 104,912 Public safety8,764,030 – – – – Highways and streets 2,824,235 – – – – Culture and recreation 2,008,760 – – – – Economic development– 1,147,454 – – – Capital outlay633,928 51,349 – – – Debt service Principal retirement– 340,000 – – – Interest – 330,734 – – – Total expenditures19,309,070 1,869,537 – – 104,912 Excess (deficiency) of revenue over expenditures1,379,016 554,143 122,122 – – Other financing sources (uses) Debt issued– – – – – Proceeds on sale of capital assets14,000 – – – – Transfers in813,408 – 413,760 – – Transfers (out)(1,068,048) (1,135,769) (2,167,957) – – Total other financing sources (uses)(240,640) (1,135,769) (1,754,197) – – Net change in fund balances1,138,376 (581,626) (1,632,075) – – Fund balances Beginning of year, as previously reported13,324,373 3,362,513 8,597,266 1,056,708 – Change within financial reporting entity– – – (1,056,708) – Beginning of year, as adjusted13,324,373 3,362,513 8,597,266 – – End of year14,462,749$ 2,780,887$ 6,965,191$ –$ –$ See notes to basic financial statements ## Special Revenue Funds 46 ## Capital Project Funds ## RALFPavement ## FundedState-AidManagementPark ## ProjectsConstructionProgramImprovementNonmajorTotals –$ –$ 1,894,341$ –$ 3,054,072$ 23,677,388$ – – 9,364 – 64,823 81,689 – – – – – 1,446,884 – 1,883,060 – 6,915 758,404 3,664,694 267,653 – – – – 1,481,591 – 27,600 59,460 472,927 221,077 781,064 – – – – – 53,017 – 9,880 421,042 383,990 493,146 2,065,296 – 51,000 39 – 636,243 802,213 267,653 1,971,540 2,384,246 863,832 5,227,765 34,053,836 – – – – 296,462 5,479,491 – – – – 101,233 8,865,263 394,575 830,646 42,061 – 696,054 4,787,571 – – – 36,188 – 2,044,948 – – – – 195,236 1,342,690 – 1,655,280 5,479,190 1,017,129 337,187 9,174,063 – – – – 2,640,000 2,980,000 – – – – 996,792 1,327,526 394,575 2,485,926 5,521,251 1,053,317 5,262,964 36,001,552 (126,922) (514,386) (3,137,005) (189,485) (35,199) (1,947,716) – – – – – – – – – – 41,075 55,075 – 481,958 32,200 2,167,957 1,736,480 5,645,763 – – – – (1,238,977) (5,610,751) – 481,958 32,200 2,167,957 538,578 90,087 (126,922) (32,428) (3,104,805) 1,978,472 503,379 (1,857,629) 400,837 466,915 11,918,186 9,087,595 11,328,440 59,542,833 – – – – 1,056,708 – 400,837 466,915 11,918,186 9,087,595 12,385,148 59,542,833 273,915$ 434,487$ 8,813,381$ 11,066,067$ 12,888,527$ 57,685,204$ 47 ## PAGE INTENTIONALLY LEFT BLANK 48 $ (1,857,629) ## CapitaloutlaysarereportedinGovernmentalFundsasexpenditures.However,inthe ## StatementofActivitiesthecostofthoseassetsisallocatedovertheestimatedusefullivesas depreciation expense. Capital outlays 9,174,063 Contributed assets from developers 5,659,755 Depreciation expense (6,565,986) ## Issuanceoflong-termdebtprovidescurrentfinancialresourcestogovernmentalfunds, whilerepaymentoflong-termliabilitiesisanexpenditureintheGovernmentalFunds. Neither transaction, however, has any effect on net position. Repayment of principal on long-term debt 2,980,000 Debt premiums 184,436 ## Interestonlong-termdebtintheStatementofActivitiesdiffersfromtheamountreportedin theGovernmentalFundsbecauseinterestisrecognizedasanexpenditureinthefundswhen itisdue,andthusrequirestheuseofcurrentfinancialresources.IntheStatementof ## Activities,however,interestexpenseisrecognizedastheinterestaccrues,regardlessof when it is due. 8,341 ## Certainrevenues(includinglong-termreceivables,delinquenttaxesandspecial assessments)areincludedinthechangeinnetposition,butareexcludedfromthechangein fund balances until they are available to liquidate liabilities of the current period. (172,350) ## Certainexpensesareincludedinthechangeinnetposition,butdonotrequiretheuseof current funds, and are not included in the change in the fund balances. Governmental activities – compensated absences payable (196,741) Governmental activities – pension expense 422,022 ## Otherpostemploymentbenefitsreportedinthestatementofactivitiesdonotrequiretheuse ofcurrentfinancialresourcesandarenotreportedasexpendituresingovernmentalfunds until actually due. (132,778) ## InternalServiceFundsareusedtochargethecostofcertainactivities,suchasinsuranceto individualfunds.ThisamountrepresentsthechangeinnetpositionoftheInternalService Fund, which is reported with governmental activities. (53,115) $ 9,542,743 See notes to basic financial statements Total net change in fund balances – Governmental Funds Amounts reported for governmental activitiesinthe StatementofActivities are different because: ## Year Ended December 31, 2025 Change in net position – governmental activities ## CITY OF RAMSEY Reconciliation of the Statement of ## Revenue, Expenditures, and Changes in Fund Balances to the Statement of Activities ## Governmental Funds 49 ## PAGE INTENTIONALLY LEFT BLANK 50 Original andOver (Under) ## Final BudgetActualFinal Budget ## Revenue Property taxes 16,874,046$ 16,534,327$ (339,719)$ Special assessments– 7,502 7,502 Licenses and permits960,870 1,446,884 486,014 Intergovernmental revenue756,000 1,016,315 260,315 Charges for services780,700 1,213,938 433,238 Fines and forfeits48,000 53,017 5,017 Other revenue Investment earnings 50,000 406,084 356,084 Miscellaneous20,600 10,019 (10,581) Total revenue19,490,216 20,688,086 1,197,870 ## Expenditures ## Current General government5,224,939 5,078,117 (146,822) Public safety9,094,448 8,764,030 (330,418) Highways and streets 3,256,189 2,824,235 (431,954) Culture and recreation 2,114,661 2,008,760 (105,901) Capital outlay 577,000 633,928 56,928 Debt service Interest and fiscal charges 106,373 – (106,373) Total expenditures20,373,610 19,309,070 (1,064,540) Excess (deficiency) of revenue over expenditures(883,394) 1,379,016 2,262,410 Other financing sources (uses) Proceeds on sale of capital assets– 14,000 14,000 Transfers in883,394 813,408 (69,986) Transfers (out)– (1,068,048) (1,068,048) Total other financing sources (uses)883,394 (240,640) (1,124,034) Net change in fund balances–$ 1,138,376 1,138,376$ Fund balances Beginning of year13,324,373 End of year14,462,749$ See notes to basic financial statements ## CITY OF RAMSEY ## Statement of Revenue, Expenditures, and Changes in Fund Balances ## General Fund – Budget and Actual ## Year Ended December 31, 2025 51 ## Street Light ## Water UtilitySewer UtilityUtility ## Assets Current assets Cash and temporary investments12,047,677$ 6,707,023$ 1,699,730$ ## Receivables Delinquent special assessments6,305 6,305 – Deferred special assessments173,991 173,687 – Accounts742,670 781,182 82,586 Due from other governmental units393,663 – – Prepaids4,800 116,555 – Total current assets13,369,106 7,784,752 1,782,316 Noncurrent assets Advances to other funds485,761 21,000 48,892 Capital assets Land868,513 – – Construction in progress33,379,927 229,729 – Buildings and structures6,177,522 – – Improvements other than buildings– – 1,135,881 Machinery and equipment389,810 843,601 – Water and sewer lines45,632,067 34,174,320 – 86,447,839 35,247,650 1,135,881 Less accumulated depreciation16,400,886 12,307,638 825,241 Net capital assets 70,046,953 22,940,012 310,640 Total noncurrent assets70,532,714 22,961,012 359,532 Total assets83,901,820 30,745,764 2,141,848 ## Deferred Outflows of Resources Pension plan deferments69,800 39,886 – Total assets and deferred outflows of resources83,971,620$ 30,785,650$ 2,141,848$ ## Liabilities Current liabilities Accounts and contracts payable2,043,179$ 7,204$ 10,908$ Due to other governmental units56,954 22,141 129 Unearned revenue – 77,035 8,534 Total current liabilities2,100,133 106,380 19,571 Noncurrent liabilities Net pension liability169,057 96,604 – Total liabilities2,269,190 202,984 19,571 ## Deferred Inflows of Resources Pension plan deferments106,169 60,668 – ## Net Position Net investment in capital assets68,078,599 22,938,540 310,640 Unrestricted 13,517,662 7,583,458 1,811,637 Total net position81,596,261 30,521,998 2,122,277 Total liabilities, deferred inflows of resources and net position 83,971,620$ 30,785,650$ 2,141,848$ See notes to basic financial statements ## Business-Type Activities – Enterprise Funds ## CITY OF RAMSEY ## Statement of Net Position ## Proprietary Funds December 31, 2025 52 ## Governmental ## Activities ## RecyclingStorm WaterInternal ## UtilityUtilityTotalsService 220,443$ 2,361,783$ 23,036,656$ 447,665$ – – 12,610 – – – 347,678 – 149,090 457,260 2,212,788 – 30,569 – 424,232 – – – 121,355 – 400,102 2,819,043 26,155,319 447,665 – 365,000 920,653 – – 637,583 1,506,096 – – 436,057 34,045,713 – – – 6,177,522 – – 24,548,604 25,684,485 – – 1,077,978 2,311,389 – – 334,378 80,140,765 – – 27,034,600 149,865,970 – – 6,152,681 35,686,446 – – 20,881,919 114,179,524 – – 21,246,919 115,100,177 – 400,102 24,065,962 141,255,496 447,665 – 39,886 149,572 – 400,102$ 24,105,848$ 141,405,068$ 447,665$ 65$ 10,645$ 2,072,001$ 7,900$ – – 79,224 – – – 85,569 – 65 10,645 2,236,794 7,900 – 96,604 362,265 – 65 107,249 2,599,059 7,900 – 60,668 227,505 – – 20,875,107 112,202,886 – 400,037 3,062,824 26,375,618 439,765 400,037 23,937,931 138,578,504 439,765 400,102$ 24,105,848$ 141,405,068$ 447,665$ 53 ## Street Light ## Water UtilitySewer UtilityUtility Operating revenue Charges for services3,610,668$ 2,553,638$ 257,712$ Sewer access surcharge– 6,983 – Other– –– Total operating revenue3,610,668 2,560,621 257,712 Operating expenses Personal services556,844 334,605 – Supplies374,898 11,914 – Service charges Disposal charges– 1,277,649 – Other354,683 95,247 185,475 Depreciation1,074,471 750,634 30,651 Total operating expenses2,360,896 2,470,049 216,126 Operating income (loss)1,249,772 90,572 41,586 Nonoperating revenue Intergovernmental revenue– – – Capital contributions to governmental activities– – – Loss on disposal of assets– (69,541) – Investment earnings1,480,054 576,107 67,188 Total nonoperating revenue1,480,054 506,566 67,188 Income (loss) before contributions and transfers2,729,826 597,138 108,774 Capital contributions - developer contributions1,492,959 1,925,282 – Capital contributions - capital grants393,391 – – Capital contributions - connection fees889,637 176,314 – Transfers in81,172 16,718 6,437 Transfers (out)(59,000) (53,000) (31,000) Change in net position5,527,985 2,662,452 84,211 Net position Beginning of year76,068,276 27,859,546 2,038,066 End of year81,596,261$ 30,521,998$ 2,122,277$ See notes to basic financial statements ## Business-Type Activities – Enterprise Funds ## CITY OF RAMSEY ## Statement of Revenue, Expenses, and Changes in Net Position ## Proprietary Funds ## Year Ended December 31, 2025 54 ## Governmental ## Activities ## RecyclingStorm WaterInternal ## UtilityUtilityTotalsService 483,595$ 1,589,573$ 8,495,186$ –$ – – 6,983– – – –74,771 483,595 1,589,573 8,502,169 74,771 54,984 422,385 1,368,818 – 36,671 32,767 456,250 44,265 – – 1,277,649 – 488,780 132,031 1,256,216 10,359 – 562,478 2,418,234 – 580,435 1,149,661 6,777,167 54,624 (96,840) 439,912 1,725,002 20,147 70,390 – 70,390– – – –(92,725) – (49,329) (118,870) – 9,493 110,278 2,243,120 19,463 79,883 60,949 2,194,640 (73,262) (16,957) 500,861 3,919,642 (53,115) – 1,854,446 5,272,687 – – – 393,391– – – 1,065,951– – 52,661 156,988 – – (49,000) (192,000) – (16,957) 2,358,968 10,616,659 (53,115) 416,994 21,578,963 127,961,845 492,880 400,037$ 23,937,931$ 138,578,504$ 439,765$ 55 ## Street Light ## Water UtilitySewer UtilityUtility Cash flows from operating activities Receipts from customers and users3,670,898$ 2,566,334$ 253,467$ Receipts from interfund services provided– – – Paid to suppliers/service providers(669,711) (1,472,922) (174,614) Paid to employees(587,473) (352,108) – Net cash flows from operating activities2,413,714 741,304 78,853 Cash flows from capital and related financing activities Capital assets purchased and contributed to governmental activities– – – Capital contributions - connection fees889,637 176,314 – Capital contributions - capital grants393,391 – – Acquisition of capital assets(11,813,858) (620,418) – Proceeds from sale of capital assets– 26,600 – Net cash flows from capital and related financing activities(10,530,830) (417,504) – Cash flows from investing activities Interest and changes in fair value on investments1,480,054 576,107 67,188 Cash flows from noncapital financing activities Transfers in81,172 16,718 6,437 Transfers (out)(59,000) (53,000) (31,000) Intergovernmental revenue– – – Advances repaid from other funds40,926 – – Net cash flows from noncapital financing activities63,098 (36,282) (24,563) Net increase (decrease) in cash and temporary investments/cash equivalents(6,573,964) 863,625 121,478 Cash and temporary investments/cash equivalents Beginning of year18,621,641 5,843,398 1,578,252 End of year12,047,677$ 6,707,023$ 1,699,730$ Reconciliation of operating income (loss) to net cash flows from operating activities Operating income (loss)1,249,772$ 90,572$ 41,586$ Adjustments to reconcile operating income (loss) to net cash flows from operating activities Depreciation1,074,471 750,634 30,651 Change in assets, deferred inflows, liabilities and deferred outflows ## Receivables Delinquent and deferred special assessments1,819 7,765 – Accounts (45,624) (19,447) (6,597) Due from other governmental units104,035 – – Prepaids 925 (10,084) – Deferred outflows - pension plan deferments(17,901) (10,229) – Accounts payable and contracts payable43,402 (1,764) 10,867 Unearned revenue– 17,395 2,352 Due to other governmental units15,543 (76,264) (6) Net pension liability(3,919) (2,240) – Deferred inflows - pension plan deferments(8,809) (5,034) – Net cash flow from operating activities2,413,714$ 741,304$ 78,853$ Noncash, investing, capital, and financing activities Contributions of capital assets from developers1,492,959$ 1,925,282$ –$ Change in capital assets purchased on account(90,169)$ (2,219)$ –$ See notes to basic financial statements ## Business-Type Activities – Enterprise Funds ## CITY OF RAMSEY ## Statement of Cash Flows ## Proprietary Funds ## Year Ended December 31, 2025 56 ## Governmental ## Activities ## Recycling Storm Water Internal ## Utility Utility TotalsService 488,155$ 1,527,744$ 8,506,598$ –$ – – – 74,771 (525,427) (164,009) (3,006,683) (46,724) (54,984) (439,888) (1,434,453) – (92,256) 923,847 4,065,462 28,047 – – – (92,725) – – 1,065,951 – – – 393,391 – – (1,361,692) (13,795,968) – – 51,400 78,000 – – (1,310,292) (12,258,626) (92,725) 9,493 110,278 2,243,120 19,463 – 52,661 156,988 – – (49,000) (192,000) – 70,390 – 70,390 – – – 40,926 – 70,390 3,661 76,304 – (12,373) (272,506) (5,873,740) (45,215) 232,816 2,634,289 28,910,396 492,880 220,443$ 2,361,783$ 23,036,656$ 447,665$ (96,840)$ 439,912$ 1,725,002$ 20,147$ – 562,478 2,418,234 – – – 9,584 – (6,103) (61,829) (139,600) 7,900 10,663 – 114,698 – – – (9,159) – – (10,229) (38,359) – 24 789 53,318 – – – 19,747 – – – (60,727) – – (2,240) (8,399) – – (5,034) (18,877) – (92,256)$ 923,847$ 4,065,462$ 28,047$ –$ 1,854,446$ 5,272,687$ –$ –$ (2,726)$ (95,114)$ –$ 57 ## PAGE INTENTIONALLY LEFT BLANK 58 ## Custodial Fund ## Assets Land held for resale 9,536,772$ ## Liabilities Due to other governmental units 9,536,772 ## Net Position –$ ## Custodial Fund ## Additions –$ ## Deductions – Net change of fiduciary net position – Net position - beginning – Net position - ending –$ See notes to basic financial statements ## CITY OF RAMSEY ## Statement of Changes in Fiduciary Net Position ## Fiduciary Fund ## Year Ended December 31, 2025 ## CITY OF RAMSEY ## Statement of Fiduciary Net Position ## Fiduciary Fund December 31, 2025 59 ## PAGE INTENTIONALLY LEFT BLANK 60 ## CITY OF RAMSEY ## Notes to Basic Financial Statements December 31, 2025 ## NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES ## A. Organization The City of Ramsey, Minnesota (the City) operates under the Home Rule Charter City form of government as defined in Minnesota Statutes. Under this plan, the government of the City is run by a City Council composed of an elected Mayor and elected Councilmembers. The City Council exercises legislative authority and determines all matters of policy. The accounting policies of the City conform to accounting principles generally accepted in the United States of America as applicable to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. ## B. Reporting Entity As required by accounting principles generally accepted in the United States of America, these financial statements include the City (the primary government) and its component units. Component units are legally separate entities for which the primary government is financially accountable, or for which the exclusion of the component unit would render the financial statements of the primary government misleading. The criteria used to determine if the primary government is financially accountable for a component unit include whether or not the primary government appoints the voting majority of the potential component unit’s Board, is able to impose its will on the potential component unit, is in a relationship of financial benefit or burden with the potential component unit, or is fiscally depended upon by the potential component unit. ## 1. Blended Component Units The Ramsey Economic Development Authority (EDA) was created to carry out housing and economic development activities within the City. The governing board of the EDA is the City Council who approve the annual tax levy and direct the activities of the EDA’s management. City employees such as the City Administrator, Deputy City Administrator, and the Economic Development Manager perform key management functions for the EDA. The activity of the EDA is reported in the Nonmajor Special Revenue Fund entitled Economic Development Authority. Separate financial statements are not prepared for the EDA. ## 2. Jointly Governed Organization The City is a member of Local Governmental Information Systems (LOGIS), a consortium of Minnesota municipalities that provides data processing services and support to its members. LOGIS is a legally separate entity that is financially independent of the City. Further, the City does not appoint a voting majority of LOGIS’ Board of Directors. Therefore, it has not been incorporated into the City’s reporting entity. During the 2025 fiscal year, the City paid LOGIS approximately $437,145 for services and equipment provided. 61 ## NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) ## C. Government-Wide Financial Statements The government-wide financial statements (i.e. the Statement of Net Position and the Statement of Activities) display information about the reporting government as a whole. These statements include all of the financial activities of the City. 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 sales, fees, and charges for support. The Statement of Activities demonstrates the degree to which the direct expenses of a given function or segment is 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, services, or privileges provided by a given function or segment, 2) operating grants and contributions, and 3) capital grants and contributions, including special assessments, which are restricted to meeting the operational or capital requirements of a particular function or segment. Taxes and other internally directed revenues are reported as general revenues. The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. 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 fiscal year for which they are levied. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met. As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. However, charges between the City’s Enterprise Funds and other functions are not eliminated as that would distort the direct costs and program revenues reported in those functions. Depreciation expense is included in the direct expenses of each function. Interest on long-term debt for governmental activities is considered an indirect expense and is reported separately on the Statement of Activities. ## D. Fund Financial Statement Presentation Separate fund financial statements are provided for Governmental, Proprietary, and Fiduciary Funds. Major individual Governmental and Enterprise Funds are reported as separate columns in the fund financial statements. Aggregated information for the remaining Nonmajor Governmental Funds is reported in a single column in the fund financial statements. A single column is presented in the Proprietary Fund statements to report Internal Service Fund activity. Fiduciary Funds are presented in the Fiduciary Fund financial statements by fund type. Governmental Fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Under this basis of accounting, transactions are recorded in the following manner: 1. Revenue Recognition – Revenue is recognized when it becomes measurable and available. “Measurable” means the amount of the transaction can be determined and “available” means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. For this purpose, the City considers revenues to be available if collected within 60 days after year-end. Property tax revenue is generally considered as available if collected within 60 days after year-end. 62 ## NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) 1.Revenue Recognition (Continued) – Only the portion of special assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the curren t peri od. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met. Other revenue is considered measurable and available only when cash is received by the City. Proceeds of long-term debt is reported as other financing sources. Major revenue that is susceptible to accrual includes property taxes, special assessments, intergovernmental revenue, charges for services, and interest earned on investments. Major revenue that is not susceptible to accrual includes licenses and permits, fees, and miscellaneous revenue. Such revenue is recorded only when received because it is not measurable until collecte d. 2.Recordin g of Expenditures – Expenditures are generally recorded when a liability is incurred, except for principal and interest on long-term debt and other long-term liabilities which are recognized as expenditures to the extent they have matured. Capital asset acquisitions are reported as capital outlay expenditures in the Governmental Fu nds. ## Proprie tary Fund financial statements are reported using the economic resources measurement focus and accrual basis of accounting, similar to the government-wide financial statements. 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 City’s Enterprise Funds and Internal Service Funds are charges to customers for sales and services. The operating expenses for the Enterprise Funds and Internal Service Funds include the cost of sales and services, administrative expenses, and depreciation of capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. Information for the Internal Service Fund is reported i n a single column in the Proprietary Fund financial statements. Because the principal user of the internal services is the City’s governmental activities, the financial statements of the Internal Service Fund are consolidated into the governmental column when presented in the government-wide financial statements. The cost of these services is reported in the appropriate functional activity. Fiduciary fund financial statements are reported using the economic resources measurement focus and accrual basis of accounting, similar to the government-wide financial statements. Since, by definition, fiduciary fund assets are being held for the benefit of a third party and cannot be used for activities or obligations of the City, these funds are excluded from the government-wide statements. ## Description of Funds ## The City reports the following Major Governmental Funds: General Fund – This is the general operating fund of the City. It is used to account for all financial resources except those required to be accounted for in another fund. Tax Increment Special Revenue Fund – This fund is used to account for resources received from general property taxes in the form of tax increments. COR Land Special Revenue Fund – This fund is used to account for revenues and expenditures associated with land transactions within the COR area. 63 ## NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Private Developer Special Revenue Fund – This fund is used to account for monies deposited from developers to offset city administrative costs. Revolving Acquisition Loan Fund (RALF) Funded Projects Capital Project Fund – This fund is used to account for resources and expenditures related to the purchase of property for future state road development. State-Aid Construction Capital Project Fund – This fund is used to account for state-aid allotments used by the City for improvement projects to thoroughfare roads within the City. Pavement Management Program Capital Project Fund – This fund is used to account for the resources to be used for road reconstructions and overlays per the City’s Pavement Management Program. Park Improvement Capital Project Fund – This fund is used to account for all park dedication fees to be used for land acquisition and park development. ## The City reports the following Major Proprietary Funds: Water Utility Fund – This fund is used to account for the operation of the city-owned water system. Sewer Utility Fund – This fund is used to account for the operation of the city-owned sewer system. Street Light Utility Fund – This fund is used to account for the operation of city-owned streetlights within subdivisions and the priority streetlights throughout the City. Recycling Utility Fund – This fund is used to account for the operation of the City’s curbside recycling program and annual recycling days. Storm Water Utility Fund – This fund is used to account for the operation of the city-owned storm water system repair and upkeep. The City also reports the following fund types: Internal Service Fund – This fund is used to account for the City’s insurance refunds, dividends, and other miscellaneous insurance related revenues, and to provide for self-insuring the deductible portions of the City’s insurance policies. Custodial Fund – This fund is used to account for property purchased on behalf of the state and the related liability for future state highway improvements. ## E. Cash and Investments Cash balances from all funds are combined and invested to the extent available in short-term investments. Earnings from the pooled investments are allocated to the individual funds based on the average monthly cash and investment balances of the respective funds. Bond proceeds are held in separate accounts with investment earnings recorded directly to the applicable fund. 64 ## NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) ## E. Cash and Investments (Continued) The City reports all other investments at fair value except for certain investment pools reported at amortized cost. The City categorizes its fair value measurements within the fair value hierarchy established by accounting principles generally accepted in the United States of America. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; and Level 3 inputs are significant unobservable inputs. Debt securities classified in Level 2 of the fair value hierarchy are valued using a matrix pricing technique. Matrix pricing is used to value securities based on the securities’ relationship to benchmark quoted prices. See Note 2 for the City’s recurring fair value measurements as of the current year-end. ## F. Receivables Utility and miscellaneous accounts receivable are reported at gross. Notes receivable are reported at net of collections for year. Since the City is generally able to certify delinquent amounts to the county for collection as special assessments, no allowance for uncollectible accounts has been provided on these receivables. The only receivables not expected to be fully collected within one year are leases receivable, notes receivable, delinquent property taxes receivable, delinquent and deferred special assessments receivable, and other long-term receivables. ## G. Property Taxes Property tax levies are set by the City Council by December of each year and are certified to the County Auditor for collection in the following year. In Minnesota, counties act as collection agents for all property taxes. A portion of the property taxes levied is paid by the state of Minnesota through various tax credits, which is included in intergovernmental revenue in the financial statements. The county spreads all levies over taxable property. Such taxes become a lien on January 1 and are recorded as receivables by the City on that date. Real property taxes may be paid by taxpayers in two equal installments on May 15 and October 15. Personal property taxes are due in full on May 15. The county provides tax settlements to cities and other taxing districts several times a year. Taxes which remain unpaid at December 31 are classified as delinquent taxes receivable and are offset by deferred inflows of resources in the governmental fund financial statements. ## H. Special Assessments Special assessments primarily represent the financing for public improvements paid for by the benefiting property owners. As previously mentioned under receivables, the City is also generally able to certify delinquent amounts to the county for collection as special assessments. Special assessments are recorded as receivables upon certification to the county. Special assessments are recognized as revenue in the year levied in the government-wide financial statements and proprietary fund financial statements. In the governmental fund financial statements, special assessments are recognized as revenue when received in cash or within 60 days after year end. Governmental fund special assessments receivable which remain unpaid on December 31 are offset by a deferred inflow of resources in the governmental fund financial statements. 65 ## NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) ## I. Prepaids Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements. In governmental funds, prepaids are recognized by the consumption method, proportionately over the periods that service is provided. ## J. Interfund Receivables and Payables Activity between funds that is representative of lending or borrowing arrangements is reported as either “due to/from other funds” (current portion) or “advances to/from other funds.” 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.” ## K. State-Wide Pension Plans For purposes of measuring the net pension liability, deferred outflows/inflows of resources, and pension expense, information about the fiduciary net position of the Public Employees Retirement Association (PERA) and additions to/deductions from the PERA’s fiduciary net positions have been determined on the same basis as they are reported by the PERA. For this purpose, plan contributions are recognized as of employer payroll dates and benefit payments and refunds are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. ## L. Deferred Outflows/Inflows of Resources In addition to assets and liabilities, the Statement of Financial Position will sometimes report a separate section for deferred outflows or inflows of resources. Deferred outflows of resources represent a consumption of net assets that applies to future periods and deferred inflows of resources represent an acquisition of net assets that applies to future periods. These separate financial statement elements will not be recognized as an outflow of resources (expense/expenditure) or an inflow of resources (revenue) until that time. The City reports deferred outflows and inflows of resources related to pensions and other post-employment benefits (OPEB) reported in the government-wide and enterprise funds Statement of Net Position. These deferred outflows and inflows result from differences between expected and actual experience, changes of assumptions, changes in proportion, net collective difference between projected and actual earnings on pension plan investments, and contributions to the plan subsequent to the measurement date and before the end of the reporting period. These amounts are deferred and amortized as required under pension and OPEB standards. The City reports deferred inflows of resources related to lease receivables, which requires lessors to recognize deferred inflows of resources to correspond to lease receivables. These amounts are deferred and amortized in a systematic and rationale manner over the term of the lease. The City currently reports deferred inflows of resources for leases in the government-wide statement of net position and governmental funds balance sheet. Deferred inflows of resources for unavailable revenue, arises under a modified accrual basis of accounting and is reported only in the governmental funds Balance Sheet. The governmental funds report unavailable revenue from: long-term and MSA allocation receivables, property taxes, and special assessments. These amounts are deferred and recognized as an inflow of resources in the period the amounts become available. 66 ## NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) ## M. Land Held for Resale Land held for resale represents various property purchases made by the City with the intent to sell in order to increase tax base or to attract new businesses. These assets are stated at the lower of cost or acquisition value. The City currently retains parcels that will be available for future commercial development along Highway 10 now that the interchange projects on the highway have been completed in 2025. ## N. Capital Assets Capital assets, which include property, buildings, improvements, equipment, and infrastructure assets are reported in the applicable governmental or business-type activities columns in the government-wide financial statements. Such assets are capitalized at historical cost, or estimated historical cost for assets where actual historical cost is not available. Donated assets are recorded as capital assets at their estimated acquisition value at the date of donation. The City defines capital assets as those with an initial, individual cost of $10,000 or more with an estimated useful life in excess of one year. Groups of similar assets acquired at or near the same time for a single objective, with individual costs above $50,000, are also capitalized as the cost is considered significant. The cost of normal maintenance and repairs that do not add to the value of the asset or materially extend asset lives are not capitalized. Allowed by accounting principles generally accepted in the United States of America, the City has elected not to retroactively capitalize the infrastructure of its governmental activities acquired prior to January 2004. Capital assets are recorded in the government-wide and Proprietary Fund financial statements, but are not reported in the Governmental Fund financial statements. Capital assets are depreciated using the straight- line method over their estimated useful lives. Land and construction in progress are not depreciated. Useful lives vary from 15 to 50 years for buildings and structures and improvements other than buildings, 5 to 10 years for office equipment, motor vehicles and machinery and equipment, and 20 to 50 years for water and sewer lines and infrastructure. ## O. Compensated Absences Payable The City recognizes a liability for compensated absences for leave time that (1) has been earned for services previously rendered by employees, (2) accumulates and is allowed to be carried over to subsequent years, and (3) is more likely than not to be used as time off or paid in cash to the employee or payment to a health care savings account during or upon separation from employment. Based on the criteria listed, three types of leave qualify for liability recognition for compensated absences – compensatory time, vacation and sick leave. The liability for compensated absences is reported as incurred in the government-wide financial statements. The liability for compensated absences includes salary-related benefits, where applicable. ## Compensatory Time The City’s personnel policy and union contracts permits employees to accumulate earned but unused compensatory time, which are eligible for payment at the employee’s current pay rate upon separation from employment. ## Vacation The City’s personnel policy permits employees to accumulate earned but unused vacation time, which are eligible for payment at the employee’s current pay rate upon separation from employment. 67 ## NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) ## O. Compensated Absences Payable (Continued) ## Sick The City’s personnel policy permits employees to accumulate earned but unused sick leave. A minimum of one third of unused sick leave (based on longevity), is paid to the departing employee if they have completed 5 or more years of service prior to separation. A liability for estimated value of sick leave that will be used by employees as time off is included in the liability for compensated absences. ## P. Long-Term Liabilities In the government-wide and Proprietary Fund financial statements, long-term debt and other long-term obligations are reported as liabilities as they accrue. Bond premiums and discounts that are material are amortized over the life of the bond issue. Bond issuance costs are expensed in the period incurred. In the Governmental Fund financial statements, long-term debt and other long-term obligations are not reported as liabilities until due. The face amount of debt issued is reported as other financing sources. Premiums or discounts on debt issuances are reported as other financing sources or uses, respectively. ## Q. Net Position In the government-wide, proprietary fund, and fiduciary fund financial statements, net position represents the difference between assets, liabilities, deferred inflows/outflows as applicable. Net position is displayed in three components: x Net Investment in Capital Assets – Consists of capital assets, net of accumulated depreciation, reduced by any outstanding debt attributable to acquire capital assets. x Restricted Net Position – Consists of net position restricted when there are limitations imposed on their use through external restrictions imposed by creditors, grantors, or laws or regulations of other governments, or enabling legislation. x Unrestricted Net Position – All remaining net position that do not meet the definition of “restricted” or “net investment in capital assets.” The City applies restricted resources first when an expense is incurred for which both restricted and unrestricted resources are available. ## R. Fund Balance Classifications In the fund financial statements, governmental funds report fund balance in classifications that disclose constraints for which amounts in those funds can be spent. These classifications are as follows: x Nonspendable – Consists of amounts that are not in spendable form, such as prepaid items, inventory, and other long-term assets. x Restricted – Consists of amounts where there are limitations imposed on their use through external restrictions imposed by creditors, grantors, laws or regulations of other governments, or enabling legislation. 68 ## NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) ## R. Fund Balance Classifications (Continued) x Committed – Consists of amounts that can be used only for the specific purposes determined by a formal action of the City’s highest level of decision-making authority. The City Council is the highest level of decision-making authority for the City that can, by adoption of a resolution prior to the end of the fiscal year, commit fund balance. Once adopted, the limitation imposed by the resolution remains in place until a similar action is taken (the adoption of another resolution) to remove or revise the limitation. x Assigned – Consists of internally imposed constraints for amounts intended to be used by the City for specific purposes but do not meet the criteria to be classified as committed. Assigned amounts represent intended uses established by the City Council itself or by an official to which the City Council delegates the authority. Pursuant to City Council Resolution, the City’s Finance Director is authorized to establish assignments of fund balance. The City Council may also assign fund balance as it does when appropriating fund balance to cover a gap between estimated revenue and appropriations in the subsequent year’s appropriated budget. Unlike commitments, assignments generally only exist temporarily. In other words, an additional action does not normally have to be taken for the removal of an assignment. Conversely, as discussed above, an additional action is essential to either remove or revise a commitment. x Unassigned – The residual classification for the General Fund, which also reflects negative residual amounts in other funds. When both restricted and unrestricted resources are available for use, the City first uses restricted resources, then use unrestricted resources as they are needed. When committed, assigned, or unassigned resources are available for use, the City uses resources in the following order: 1) committed, 2) assigned, and 3) unassigned. ## S. Budgets and Budgetary Accounting Each fall the City Council adopts a General Fund budget for the following fiscal year beginning January 1. In addition, an annual budget is legally adopted for the Economic Development Authority, a nonmajor special revenue fund. The City has established budgetary control at the function level based upon GAAP serving as the basis of budgeting. Budget appropriations lapse at year-end. The government’s department heads may make transfers of appropriations within a function. Transfers of appropriations between functions require the approval of the council. The Economic Development Authority budget is recommended by their board and final approval comes from City Council. ## T. Statement of Cash Flows For purposes of the Statement of Cash Flows, the City considers all highly liquid debt instruments with an original maturity from the time of purchase by the City of three months or less to be cash equivalents. The Proprietary Funds’ portion in the government-wide cash and investment management pool is considered to be cash equivalent. 69 ## NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) ## U. 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; and natural disasters. The City participates in the League of Minnesota Cities Insurance Trust (LMCIT), a public entity risk pool for its general property and casualty, workers’ compensation, and other miscellaneous insurance coverages. LMCIT operates as a common risk management and insurance program for a large number of cities in Minnesota. The City pays an annual premium to LMCIT for insurance coverage. The LMCIT agreement provides that the trust will be self-sustaining through member premiums and will reinsure through commercial companies for claims in excess of certain limits. The City has elected higher deductibles through LMCIT in order to keep premiums at a minimum. To supplement the commercial coverages, the City established the Self-Insurance Internal Service Fund. This fund is funded primarily through dividend paybacks from LMCIT. Expenses from this fund consist solely of payments of those insurance related costs that are below the individual and/or cumulative deductible amounts. Premiums for LMCIT policies are not paid from the Self-Insurance Internal Service Fund, but rather are budgeted and paid from the respective operating funds. The City does not retain significant uncovered risk. The City also carries commercial insurance for certain other risks of loss. Settled claims resulting from these risks have not exceeded commercial insurance coverage in any of the past three fiscal years. There were no significant reductions in the City’s insurance coverage in 2025. ## V. 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. ## NOTE 2 – DEPOSITS AND INVESTMENTS ## A. Components of Cash and Investments Cash and investments at year-end consist of the following: In v es tmen ts80,310,961$ Cash on hand300 To tal80,311,261$ ## B. Deposits In accordance with applicable Minnesota Statutes, the City maintains deposits at depository banks authorized by the City Council, including checking accounts and certificates of deposits. 70 ## NOTE 2 – DEPOSITS AND INVESTMENTS (CONTINUED) ## B. Deposits (Continued) The following is considered the most significant risk associated with deposits: Custodial credit risk – In the case of deposits, this is the risk that in the event of a bank failure, the City’s deposits may be lost. Minnesota Statutes require that all deposits be protected by federal deposit insurance, corporate surety bond, or collateral. The market value of collateral pledged must equal 110% of the deposits not covered by federal deposit insurance or corporate surety bonds. Authorized collateral includes treasury bills, notes, and bonds; issues of U.S. government agencies; general obligations rated “A” or better; revenue obligations rated “AA” or better; irrevocable standard letters of credit issued by the Federal Home Loan Bank; and certificates of deposit. Minnesota Statutes require that securities pledged as collateral be held in safekeeping in a restricted account at the 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 City has no additional deposit policies addressing custodial credit risk. At year end, the carrying amount of the City's deposits was $0 while the balance on the bank records was $5,114. At December 31, 2025, all deposits were fully covered by federal depository insurance, surety bonds, or by collateral held by the City’s agent in the City’s name. ## C. Investments The City has the following investments at year end: ## Fair Valu e ## Measurements Investment TypeRatingAgencyUsingLess Than 11 to 5Total Mu ncipal b on d sA -A A AMo od y’sLev el 22,235,610$ 6,899,603$ 9,135,213$ Mu ncipal b on d sA -A A AS&PLev el 25,744,020 24,014,434 29,758,454 Neg o tiab le certificates of depo s itN/AN/ALev el 2244,062 1,217,919 1,461,981 Investment pools ## Minnesota Municipal Money Market 4MPlus Fu ndA A AS&PA mortized Cos t3,758,103 – 3,758,103 Term SeriesN/RN/AA mortized Cos t22,000,000 4,000,000 26,000,000 Inv es co Mon ey Market Fun dA A AS&PNA V2,268,217 – 2,268,217 UBS SelectPrime In s itu tio nal Fu ndA A AMo od y’sNA V7,928,993 – 7,928,993 To tal inv es tments44,179,005$ 36,131,956$ 80,310,961$ ## N/A – Not A pplicable ## N/R – Not Rated NA V – N e t A s s e t Va lu e Cred it Ris k ## Interest Risk – ## Maturity Duration in Years 71 ## NOTE 2 – DEPOSITS AND INVESTMENTS (CONTINUED) The City’s investments include the following investment pools: Investment pools managed by the Minnesota Municipal Money Market (4M) which is an external investment pool regulated by Minnesota Statutes and is not registered with the Securities and Exchange Commission (SEC) that follows the same regulatory rules of the SEC. The City’s investments in this investment pool – 4M Plus Fund and Term Series are based on amortized cost methods that approximate fair value. The 4M Fund is sponsored by the League of Minnesota Cities. For this investment pool, there are no unfunded commitments, redemption frequency is daily, and there is no redemption notice required for the liquid class; the redemption period is 14 days for the Plus Class. The Term Series has a 7-day redemption notice requirement. The Invesco Money Market Fund includes investments primarily in short-term, high-credit-quality money market instruments that invest domestically and globally in both long and short-term common stocks across all market capitalizations. The fund aims to preserve capital, maintain liquidity and produce a competitive yield. This is an external investment pool that operates in conformity with the Securities and Exchange Commission’s rules. There are no withdrawal restrictions related to the fund. The City’s investments in this investment pool are assigned a AAA rating by S&P. The UBS Select Prime Industrial Fund includes investments primarily in short-term, high-credit-quality money market instruments that invest domestically and globally in both long and short-term common stocks across all market capitalizations. The fund aims to preserve capital, maintain liquidity and produce a competitive yield. This is an external investment pool that operates in conformity with the Securities and Exchange Commission’s rules. There are no withdrawal restrictions related to the fund. The City’s investments in this investment pool are assigned a AAA rating by Moody’s. Investments are subject to various risks, the following of which are considered the most significant: Custodial credit risk – For investments, this is the risk that in the event of a failure of the counterparty to an investment transaction (typically a broker-dealer) the City would not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. The City does not have a formal investment policy addressing this risk, but typically limits its exposure by purchasing insured or registered investments, or by the control of who holds the securities. Credit risk – This is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. Minnesota Statutes limit the City’s investments to direct obligations or obligations guaranteed by the United States or its agencies; general obligations rated “A” or better; revenue obligations rated “AA” or better; general obligations of the Minnesota Housing Finance Agency rated “A” or better; commercial paper issued by the United States corporations or their Canadian subsidiaries, rated of the highest quality category by at least two nationally recognized rating agencies, and maturing in 270 days or less; time deposits that are fully insured by the Federal Deposit Insurance Corporation or bankers acceptances of the United States banks and Guaranteed Investment Contracts guaranteed by a United States commercial bank or domestic branch of a foreign bank, or a United States insurance company, or their Canadian subsidiary, and with a credit quality in one of the top two highest categories by a nationally recognized rating agency. The City’s investment policies do not further address credit risk. Concentration risk – This is the risk associated with investing a significant portion of the City’s investment (considered 5 percent or more) in the securities of a single issuer, excluding United States guaranteed investments (such as Treasuries), investment pools and mutual funds. The City’s investment policies do not limit the concentration of investments. 72 ## NOTE 2 – DEPOSITS AND INVESTMENTS (CONTINUED) Interest rate risk – This is the risk of potential variability in the fair value of fixed rate investments resulting from changes in interest rates (the longer the period for which an interest rate is fixed, the greater the risk). The City does not have an investment policy limiting the duration of investments. ## NOTE 3 – LEASE RECEIVABLE The City has entered into lease receivable agreements for cell tower rental space on city property. These leases are reported using an incremental borrowing rate of 3.25 percent with final maturities through fiscal 2032. During the current year, the City received principal and interest payments on these leases of $89,385. The City has entered into lease receivable agreements for rental space in city owned buildings and vacant land. These leases are reported using an incremental borrowing rate of 3.25 percent with final maturities through 2040. During the current year, the City received principal and interest payments on these leases of $303,137. Leasing assets to other entities is not a principal ongoing operation of the city. ## NOTE 4 – INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS ## A. Due From and Due To Other Funds A $25,000 internal loan from the Nonmajor Economic Development Authority Fund payable by the Tax Increment Fund was utilized for cash flow purposes. ## B. Advance To and From Other Funds Individual interfund advances to and from other funds at year-end were as follows: ## Tax IncrementNonmajor ## Special RevenueGovernmental ## Receivable FundFundFundsAmount No n majo r Go v ern men tal Fu n d s1,454,009$ –$ 1,454,009$ W ater Utility En terp ris e Fu n d348,000 137,761 485,761 Sewer Utility Enterpris e Fund21,000 – 21,000 Street Light Utility Enterprise Fund48,892 – 48,892 Sto rm W ater Utility En terp ris e Fu n d365,000 – 365,000 To tal2,236,901$ 137,761$ 2,374,662$ ## Payable Fund The Tax Increment Fund advances from other funds of $2,236,901 was used to finance improvements in the COR. All funds are to be repaid by 2038. The $137,761 is to internally finance a facility loan. The Water Utility Fund is to be repaid by 2028 with a stated rate of interest of 2%. 73 ## NOTE 4 – INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS (CONTINUED) ## C. Interfund Transfers ## PavementStreetStorm ## COR LandState-AidManagementParkWaterSewerLightWater ## SpecialConstructionProgramImprovementNonmajorUtilityUtilityUtilityUtility ## GeneralRevenueCapitalCapitalCapitalGovernmentalEnterpriseEnterpriseEnterpriseEnterprise ## FundFundProject FundProject FundProject FundFundsFundFundFundFundTotal General Fund–$ –$ –$ –$ –$ 1,006,195$ 61,853$ –$ –$ –$ 1,068,048$ Tax Increment Special Revenue Fund– 413,760 281,958 – – 344,916 19,319 16,718 6,437 52,661 1,135,769 COR Land Special Revenue Fund– – – – 2,167,957 – – – – – 2,167,957 Nonmajor Governamtal Funds621,408 – 200,000 32,200 – 385,369 – – – – 1,238,977 W at er Ut ilit y En t erp ris e Fu n d59,000 – – – – – – – – – 59,000 Sewer Utility Enterpris e Fund53,000 – – – – – – – – – 53,000 Street Light Utility Enterprise Fund31,000 – – – – – – – – – 31,000 St o rm W at er Ut ilit y En t erp ris e Fu n d49,000 – – – – – – – – – 49,000 ## T o t al813,408$ 413,760$ 481,958$ 32,200$ 2,167,957$ 1,736,480$ 81,172$ 16,718$ 6,437$ 52,661$ 5,802,751$ ## Transfers In ## Transfers Out The interfund receivables, payables and transfers are used to move funds to finance various programs or projects that the City must account for in other funds in accordance with budgetary authorizations and to move revenues from the fund with collection authorization to funds where related expenditures are occurring. Interfund activity is eliminated as needed for entity-wide financial statement reporting. In 2025, the General Fund transferred $431,226 each to the Public Improvement Revolving Fund and Equipment Revolving Fund and $143,742 the Public Facilities Construction Fund for their respective shares as outlined in the City’s Fund Balance Policy. The General Fund transferred $61,853 to the Water Utility Fund for its annual repayment of the Municipal Center capital contribution. The Tax Increment Fund transferred $413,760 to the COR Land Fund, $281,958 to the State-Aid Construction Fund, $78,167 to the Developer’s Fee Fund, $264,188 to the Public Improvement Revolving Fund, $2,562 to the Equipment Revolving Fund, $19,319 to the Water Utility Fund, $16,718 to the Sewer Utility Fund, $6,437 to the Street Light Utility Fund and $52,661 to the Storm Water Utility Fund to reimburse back these funds for prior expenses related to the development of the COR area as allowed by Special Legislation. The COR Land Fund transferred $2,167,957 to the Park Improvement Fund for the repayment of the Draw Park in the COR area. The Federal/State Relief Fund transferred $23,408 to the General Fund for capital equipment purchases. The General Govt Special Projects Fund transferred $30,000 to the General Fund for capital equipment purchases. The 2011B Refund GO Improvement Bonds Fund transferred $40,000 to the 2020A GO Capital Improvement Bond fund and $300,000 to the 2021A/2012A GO Refund Improvement Bond Fund with remaining debt service funds. The 2013 Capital Equipment Certificates Fund transferred $369 to the 2021A/2012A GO Refund Improvement Bond Fund with remaining debt service funds. 74 ## NOTE 4 – INTERFUND RECEIVABLES, PAYABLES, AND TRANSFERS (CONTINUED) ## C. Interfund Transfers (Continued) The 2014 Capital Equipment Certificates Fund transferred $45,000 to the 2023A Capital Equipment Certificates Fund with remaining debt service funds. The Public Improvement Revolving Fund transferred $200,000 to the General Fund for street maintenance purposes. The Public Improvement Revolving Fund transferred $200,000 to the State-Aid Construction Fund and $32,200 to the Pavement Management Program Fund for street funding contributions. The Equipment Revolving Fund transferred $368,000 to the General Fund for capital equipment purchases. The Water Utility Fund transferred $59,000 to the General Fund for operating purposes. The Sewer Utility Fund transferred $53,000 to the General Fund for operating purposes. The Street Light Utility Fund transferred $31,000 to the General Fund for operating purposes. The Storm Water Utility Fund transferred $49,000 to the General Fund for operating purposes. ## NOTE 5 – CAPITAL ASSETS ## A. Changes in Capital Assets Used in Governmental Activities Balan ce - Co mp let ed Beg in n in gCo n s t ru ct io n /Balan ce - of YearAdditionsAdjustmentsDeletionsEnd of Year Capital assets, not depreciated Land 7,077,591$ –$ –$ –$ 7,077,591$ Con s tru ction in pro gres s12,667,124 4,590,071 (12,537,335) – 4,719,860 Total capital assets, not depreciated19,744,715 4,590,071 (12,537,335) – 11,797,451 Capital assets, depreciated Buildin gs an d s tructu res45,725,837 90,465 – – 45,816,302 Improv ements o th er th an b uild in gs11,936,241 1,534,932 – – 13,471,173 Office eq uip ment725,752 – – – 725,752 Mo to r veh icles5,507,602 141,923 – (201,884) 5,447,641 Machin ery and eq u ipmen t11,665,137 923,470 – (73,539) 12,515,068 In fras tru cture73,765,423 7,645,682 12,537,335 – 93,948,440 Total capital as s ets , d ep reciated149,325,992 10,336,472 12,537,335 (275,423) 171,924,376 Less accumulated depreciation on Buildin gs an d s tructu res(12,224,950) (942,099) – – (13,167,049) Improv ements o th er th an b uild in gs(8,370,623) (602,824) – – (8,973,447) Office eq uip ment(683,144) (35,929) – – (719,073) Mo to r veh icles(3,686,758) (444,019) – 201,884 (3,928,893) Machin ery and eq u ipmen t(6,309,159) (800,694) – 73,539 (7,036,314) In fras tru cture(26,599,644) (3,740,421) – – (30,340,065) ## T ot al accu mu lated d ep reciatio n(57,874,278) (6,565,986) – 275,423 (64,164,841) Total capital assets, depreciated, net91,451,714 3,770,486 12,537,335 – 107,759,535 Net cap ital as s ets111,196,429$ 8,360,557$ –$ –$ 119,556,986$ 75 ## NOTE 5 – CAPITAL ASSETS (CONTINUED) ## B. Changes in Capital Assets Used in Business-Type Activities Balan ce - Co mp let ed BeginningConstruction/Balance - of YearAdditionsAdjustmentsDeletionsEnd of Year Capital assets, not depreciated Land1,506,096$ –$ –$ –$ 1,506,096$ Con s tructio n in p ro gres s22,437,430 12,146,998 (538,715) – 34,045,713 Total cap ital as s ets , n ot depreciated23,943,526 12,146,998 (538,715) – 35,551,809 Capital assets, depreciated Buildin gs and s tructu res6,177,522 – – – 6,177,522 Improvements other than buildings22,887,041 2,304,767 492,677 – 25,684,485 Machinery and equipment1,809,735 1,033,827 – (532,173) 2,311,389 W ater an d s ewer lines76,606,778 3,487,949 46,038 – 80,140,765 Total cap ital as s ets , d epreciated107,481,076 6,826,543 538,715 (532,173) 114,314,161 Less accumulated depreciation on Buildin gs and s tructu res(2,358,799) (123,463) – – (2,482,262) Improv emen ts other th an bu ilding s(6,265,551) (527,982) – – (6,793,533) Machin ery an d equ ipment(894,616) (163,328) – 335,303 (722,641) W ater an d s ewer lines(24,084,549) (1,603,461) – – (25,688,010) Total accu mu lated d ep reciatio n(33,603,515) (2,418,234) – 335,303 (35,686,446) Total cap ital as s ets , d epreciated , net73,877,561 4,408,309 538,715 (196,870) 78,627,715 Net cap ital as s ets97,821,087$ 16,555,307$ –$ (196,870)$ 114,179,524$ ## C. Depreciation Expense by Function Go v ern men t al act iv it ies Gen eral g o v ern men t830,460$ Pu b lic s afety671,675 Hig h way s an d s treets4,419,375 Cu ltu re an d recreatio n644,476 To tal d ep reciatio n – g o v ern men tal activ ities6,565,986$ Bu s in es s -t y p e activ ities W ater u tility1,074,471$ Sewer u tility750,634 Street lig h t u tility30,651 Sto rm water u tility562,478 To tal d ep reciatio n – b u s in es s -ty p e activ ities2,418,234$ 76 ## NOTE 6 – LONG-TERM DEBT ## A.Components of Long-Term Debt FinalBalance – ## Original IssueInterest RateIssue DateMaturity DateEnd of Year Governmental activities Bonds payable ## General Obligation improvement Bonds Series 2015A3,880,000$ 2.00-3.50%06/15/201512/01/20352,270,000$ Series 2016A1,650,000$ 2.00%07/21/201612/15/2026175,000 Series 2017A895,000$ 1.15-2.50%08/17/201712/15/2027190,000 Series 2018A1,175,000$ 3.00%07/17/201812/15/2028375,000 Series 2020A9,055,000$ 1.00-1.65%12/30/202012/15/20419,055,000 Series 2021A9,845,000$ 2.00-3.00%10/19/202112/15/20316,330,000 Series 2022A10,765,000$ 5.00%12/06/202212/15/20379,205,000 Series 2023A6,915,000$ 4.25-5.00%11/15/202312/15/20386,275,000 Total general obligation improvement bonds33,875,000 Cap it al Eq u ip men t Cert ificat es Series 2023A1,400,000$ 5.00%11/15/202312/15/20331,180,000 Unamortized bond premiums1,730,740 Compensated absences payable1,467,069 Net p en s io n liab ilit y4,936,498 To t al OPEB liab ilit y1,457,811 Total governmental activities44,647,118 Business-type activities Net p en s io n liab ilit y362,265 Total government and business-type activities45,009,383$ ## B. ## Descriptions of Long-Term Debt ## •General Obligation Improvement Bonds – The Series 2015A bonds were issued to finance the construction of Fire Station #2 in the City. The Series 2016A were issued to fund the street improvements related to the reconstruction of Andrie Street and 164 th Lane and some overlay projects. The Series 2017A were issued to fund street improvements related to the reconstruction of Alpine Drive and Sunwood Drive. The Series 2018A were issued to fund street improvements related to the reconstruction of Riversbend Avenue and Stanhope Terrace. The Series 2020A were issued to fund approximately 50% of the construction costs of the Public Works Facility in the City. The Series 2021A, a $9,845,000 Capital Improvement Plan Bond, was issued to refund the 2012A Series bonds that were called on December 15, 2021. The Series 2022A were issued to fund the reconstruction and overlay street improvement projects as outlined in the City’s 5-Year Street Reconstruction and Overlay Plan (SROP). The Series 2023A has $6,915,000 of the total $8,315,000 issue to fund improvements in the COR area. 77 ## NOTE 6 – LONG-TERM DEBT (CONTINUED) ## x Capital Equipment Certificates – Series 2023A has $1,400,000 of the total $8,315,000 issue to finance capital equipment purchases and will be repaid via ad valorem levies. Debt service is covered respectively by special assessments, state aids, and general property taxes. General Obligation bonds and equipment certificates are direct obligations and have the pledge of the full faith and credit of the City. x Unamortized Bond Premiums – This amount represents the remaining bond premium that will be amortized against interest expense in the future. x Compensated Absences – The liability represents vested benefits earned by Governmental Fund employees through the end of the year which will be paid or used in future periods. The General Fund is the primary fund used to liquidate this liability. x Net Pension Liability (NPL) – The liability represents the City’s proportionate share of PERA’s collective net pension liability. The General, Water Utility, Sewer Utility and Storm Water Utility funds will be used to liquidate this liability. x Total Other Post-Employment Benefits (OPEB) Liability – The liability represents non-pension benefits provided after the termination of employment. The General Fund is the primary fund used to liquidate this liability. ## C. Changes in Long-Term Debt Balance - ## BeginningBalance - Due Within ## of Year AdditionsDeletionsEnd of YearOne Year Go v ern men t al act iv it ies G.O. Improvement Bonds36,740,000$ –$ 2,865,000$ 33,875,000$ 2,510,000$ Cap ital Eq u ip men t Certificates1,295,000 – 115,000 1,180,000 125,000 Unamortized bond premiums1, 915,176 – 184,436 1,730,740 – Co mp en s ated ab s en ces p ay ab le1,270,328 1,143,599 946,858 1,467,069 69,000 Net p en s io n liab ility5,448,915 9,786,211 10,298,628 4,936,498 – To tal OPEB liab ility1,379,460 166,774 88,423 1,457,811 54,225 Total governmental activities48,048,879 11,096,584 14,498,345 44,647,118 2,758,225 Bu s in es s -t y p e act iv it ies Net p en s io n liab ility370,664 703,010 711,409 362,265 – Total governmental and business ty p e activ ities48,419,543$ 11,799,594$ 15,209,754$ 45,009,383$ 2,758,225$ 78 ## NOTE 6 – LONG-TERM DEBT (CONTINUED) ## D. Minimum Debt Payments Minimum annual principal and interest payments required to retire bonds and capital equipment certificates are as follows: ## Year Ending December 31, ## PrincipalInterest 20262,635,000$ 1,175,209$ 20272,550,000 1,078,159 20282,545,000 979,959 20292,515,000 880,309 20302,610,000 790,959 2031-203512,915,000 2,575,831 2036-20408,320,000 588,895 2041965,000 15,923 35,055,000$ 8,085,243$ ## Governmental Activities ## Bonded and Capital Equipment Certificate Debt ## NOTE 7 – NET INVESTMENT IN CAPITAL ASSETS The government-wide statement of net position at December 31, 2025 includes the City’s net investment in capital assets calculated as follows: ## GovernmentalBusiness-Type ## ActivitiesActivitiesTotal Net investment in capital assets: Capital assets No t d ep reciated11,797,451$ 35,551,809$ 47,349,260$ Dep reciated107,759,535 78,627,715 186,387,250 Less bonds payable(33,875,000) – (33,875,000) Less capital equipment certificates(1,180,000) – (1,180,000) Less unamortized bond premiums(1,730,740) – (1,730,740) Less capital related payables(81,301) (1,976,638) (2,057,939) To tal n et in v es tmen t in cap ital as s ets82,689,945$ 112,202,886$ 194,892,831$ 79 ## NOTE 8 – FUND BALANCE POLICY AND CLASSIFICATION ## A. Classifications City of Ramsey had the following classifications of fund balances in its Governmental Funds: ## Capital Project Funds ## RALFPavement ## TaxFundedState-AidManagementPark ## GeneralIncrementCOR LandProjectsConstructionProgramImprovementNonmajorTotal Fund balances ## Nonspendable Prep aids26,466$ –$ –$ –$ –$ –$ –$ 2,993$ 29,459$ Restricted for Street improvements– – – – 434,487 – – – 434,487 Debt s ervice– – – – – – – 622,753 622,753 Economic development– – – – – – – 1,760,541 1,760,541 Housing and redevelopment– – 4,751,926 – – – – – 4,751,926 Recreation/community programs– – – – – – – 166,166 166,166 Public s afety– – – – – – – 483,390 483,390 Tax increment financing– 2,780,887 – – – – – – 2,780,887 – 2,780,887 4,751,926 – 434,487 – – 3,032,850 11,000,150 Co mmit t e d Stormwater development projects– – – – – – – 1,544,495 1,544,495 Community/business programs– – – – – – – 346,901 346,901 – – – – – – – 1,891,396 1,891,396 ## Assigned Street improvements– – – – – 8,813,381 – 4,767,891 13,581,272 Housing and redevelopment– – 2,213,265 – – – – – 2,213,265 Capital improvements– – – – – – – 2,818,463 2,818,463 Cemetary improvements– – – – – – – 98,770 98,770 Park improvements– – – – – – 11,066,067 – 11,066,067 Right-of-way acquisitions– – – 273,915 – – – – 273,915 Pa rkin g ra mp ma in t e n a n c e– – – – – – – 276,164 276,164 – – 2,213,265 273,915 – 8,813,381 11,066,067 7,961,288 30,327,916 Un as s ig ned14,436,283 – – – – – – – 14,436,283 ## Tota l14,462,749$ 2,780,887$ 6,965,191$ 273,915$ 434,487$ 8,813,381$ 11,066,067$ 12,888,527$ 57,685,204$ ## Special Revenue Funds ## B. Fund Balance Policy – General Fund When General Fund actual revenues exceed actual expenditures in a given year, the excess shall be allocated as follows: a) Any excess shall be first allocated to "unassigned" fund balance to bring that portion of fund balance to an amount equal to fifty percent (50%) of the next years adopted operating budget plus prior-year encumbrances (if any). b) Any excess after complying with fund balance requirements in step “a” shall be allocated to equipment replacement, park trust, public facilities construction, and public improvement revolving funds in the following manner: Thirty percent (30%) to Fund #234 - Equipment Revolving Fund Thirty percent (30%) to Fund #810 – Capital Maintenance Fund (reported in General Fund) Ten percent (10%) to Fund #412 – Public Facilities Construction Fund Thirty percent (30%) to Fund #400 - Public Improvement Revolving Fund 80 ## NOTE 8 – FUND BALANCE POLICY AND CLASSIFICATION (CONTINUED) When General Fund actual expenditures exceed actual revenues in a given year, the deficit shall be treated as follows: a) "Unassigned" fund balance shall first be adjusted to an amount equal to fifty percent (50%) of the next years adopted operating budget plus prior year encumbrances (if any). b) If shortage after complying with fund balance requirement in step “a” shall draw funds in the following manner: Thirty percent (30%) to Fund #234 - Equipment Revolving Fund Thirty percent (30%) to Fund #810 – Capital Maintenance Fund (reported in General Fund) Ten percent (10%) to Fund #412 – Public Facilities Construction Fund Thirty percent (30%) to Fund #400 - Public Improvement Revolving Fund At December 31, 2025, the City has met its general fund balance policy goal. ## NOTE 9 – DEFINED BENEFIT PENSION PLANS SUMMARY The city has reported the following balances for defined benefit pension plans as detailed further in these notes: ## DeferredDeferred ## Net PensionOutflowsInflowsPension Pen s io n Plan sLiab ilit ieso f Res o u rceso f Res o u rcesExp en s e ## PERA - GERF2,415,103$ 997,143$ 1,516,700$ 85,075$ ## PERA - PEPFF2,883,660 4,116,746 5,144,482 762,072 To tal - all p en s io n s5,298,763$ 5,113,889$ 6,661,182$ 847,147$ ## NOTE 10 – DEFINED BENEFIT PENSION PLANS – STATE-WIDE ## A. Plan Descriptions The City participates in the following cost-sharing multiple-employer defined benefit pension plans administered by the Public Employees Retirement Association (PERA) of Minnesota. These plan provisions are established and administered according to Minnesota Statutes chapters 353, 353D, 3535E, 353G, and 356. Minnesota Statutes chapter 356 defines each plan’s financial reporting requirements. PERA’s defined benefit pension plans are tax qualified plans under Section 401(a) of the Internal Revenue Code (IRC). ## 1. General Employees Retirement Fund (GERF) Membership in the GERF includes employees of counties, cities, townships, schools in non-certified positions, and other governmental entities whose revenues are derived from taxation, fees, or assessments. Plan membership is required for any employee who is expected to earn more than $425 in a month, unless the employee meets exclusion criteria. 81 ## NOTE 10 – DEFINED BENEFIT PENSION PLANS – STATE-WIDE (CONTINUED) ## 2. Public Employees Police and Fire Fund (PEPFF) Membership in the PEPFF includes full-time, licensed police officers and firefighters who meet the membership criteria defined in Minnesota Statutes section 353.64 and who are not earning service credit in any other PERA retirement plan or a local relief association for the same service. Employers can provide Police & Fire Plan coverage for part-time positions and certain other public safety positions by submitting a resolution adopted by the City’s governing body. The resolution must state that the position meets plan requirements. ## B. Benefits Provided The PERA provides retirement, disability, and death benefits. Benefit provisions are established by state statute and can only be modified by the state Legislature. 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. When a member is “vested,” they have earned enough service credit to receive a lifetime monthly benefit after leaving public service and reaching an eligible retirement age. Members who retire at or over their Social Security full retirement age with at least one year of service qualify for a retirement benefit. ## 1. GERF Benefits GERF requires three years of service to vest. 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 GERF members. Members hired prior to July 1, 1989, receive the higher of Step or Level formulas. Only the Level formula is used for members hired after June 30, 1989. Under the Step formula, GERF members receive 1.2% of the highest average salary for each of the first 10 years of service and 1.7% for each additional year. Under the Level formula, GERF members receive 1.7% of highest average salary for all years of service. For members hired prior to July 1, 1989, a full retirement benefit is available when age plus years of service equal 90 and normal retirement age is 65. Members can receive a reduced retirement benefit as early as age 55 if they have three or more years of service. Early retirement benefits are reduced by .25% for each month under age 65. Members with 30 or more years of service can retire at any age with a reduction of .25% for each month the member is younger than age 62. The Level formula allows GERF members to receive a full retirement benefit at age 65 if they were first hired before July 1, 1989, or at age 66 if they were hired on or after July 1, 1989. Early retirement begins at age 55 with an actuarial reduction applied to the benefit. Benefit increases are provided to benefit recipients each January. The post-retirement increase is equal to 50.00% of the cost-of-living adjustment (COLA) announced by the SSA, with a minimum increase of at least 1.00% and a maximum of 1.50%. The 2025 annual increase was 1.25%. Recipients that have been receiving the annuity or benefit for at least a full year as of the June 30 before the effective date of the increase, will receive the full increase. Recipients receiving the annuity or benefit for a least one month, but less that a full year as of the June 30 before the effective date of the increase, will receive a prorated increase. 82 ## NOTE 10 – DEFINED BENEFIT PENSION PLANS – STATE-WIDE (CONTINUED) ## 2. PEPFF Benefits Benefits for the PEPFF members hired before July 1, 2010, are vested after three years of service. Members hired on or after July 1, 2010, are 50.00% vested after five years of service and 100% vested after 10 years. After five years, vesting increases by 10.00% each full year of service until members are 100% vested after ten years. PEPFF members receive 3.00% of highest average salary for all years of service. PEPFF members receive a full retirement benefit when they are age 55 and vested, or when their age plus their years of service equals 90 or greater if they were first hired before July 1, 1989. Early retirement starts at age 50, and early retirement benefits are reduced by 0.417% each month members are younger than age 55. Benefit increases are provided to benefit recipients each January. The post-retirement increase is fixed at 1.00%. Recipients that have been receiving the annuity or benefit for at least 36 months as of the June 30 before the effective date of the increase, will receive the full increase. Recipients receiving the annuity or benefit for at least 25 months, but less than 36 months as of the June 30 before the effective date of the increase, will receive a prorated increase. ## C. Contributions Minnesota Statutes chapters 353, 353E, 353G, and 356 set the rates for employer and employee contributions. Contribution rates can only be modified by the state legislature. ## 1. GERF Contributions GERF members were required to contribute 6.50% of their annual covered salary in fiscal year 2025, and the City was required to contribute 7.50% for GERF members. The City’s contributions to the GERF for the year ended December 31, 2025, were $531,570. The City’s contributions were equal to the required contributions as set by state statutes. ## 2. PEPFF Contributions Plan members were required to contribute 11.80% of their annual covered salary in fiscal year 2025, and the City was required to contribute 17.70% for PEPFF members. The City’s contributions to the PEPFF for the year ended December 31, 2025, were $698,091. The City’s contributions were equal to the required contributions as set by state statutes. ## D. Pension Costs ## 1. GERF Pension Costs At December 31, 2025, the City reported a liability of $2,415,103 for its proportionate share of the GERF’s net pension liability. The City’s net pension liability reflected a reduction due to the State of Minnesota’s contribution of $16 million. The State of Minnesota is considered a non-employer contributing entity and the state’s contribution meets the definition of a special funding situation. The State of Minnesota’s proportionate share of the net pension liability associated with the City totaled $58,260. 83 ## NOTE 10 – DEFINED BENEFIT PENSION PLANS – STATE-WIDE (CONTINUED) City’s proportionate share of the net pension liabilit y2,415,103$ State of Minnesota's proportionate share of the net p en s io n liab ilit y as s o ciat ed wit h t h e Cit y58,260 To tal2,473,363$ The net pension liability was measured as of June 30, 2025, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of that date. The City’s proportion of the net pension liability was based on the City’s contributions received by PERA during the measurement period for employer payroll paid dates from July 1, 2024, through June 30, 2025, relative to the total employer contributions received from all of the PERA’s participating employers. The City’s proportionate share was 0.0729% at the end of the measurement period and 0.0668% for the beginning of the period. For the year ended December 31, 2025, the City recognized pension expense of $94,011 for its proportionate share of the GERF’s pension expense. In addition, the City recognized an additional $8,936 as negative pension expense (and grant revenue) for its proportionate share of the State of Minnesota’s contribution of $16 million to the GERF. At December 31, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: ## DeferredDeferred ## OutflowsInflows ## of Resourcesof Resources Differences between expected and actual economic experience230,106$ –$ Changes in actuarial assumptions58,190 555,707 Net difference between projected and actual earnings on pension plan investments– 960,993 Changes in proportion438,552 – Employer contributions subsequent to the meas u remen t d ate270,295 – To tal997,143$ 1,516,700$ The $270,295 reported as deferred outflows of resources related to pensions resulting from City contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ending December 31, 2026. 84 ## NOTE 10 – DEFINED BENEFIT PENSION PLANS – STATE-WIDE (CONTINUED) Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Pens ion ## Year EndingExpense December 31,Amount 2026(82,659)$ 2027(291,924) 2028(243,596) 2029(171,673) To tal(789,852)$ ## 2. PEPFF Pension Costs At December 31, 2025, the City reported a liability of $2,883,660 for its proportionate share of the PEPFF’s net pension liability. The net pension liability was measured as of June 30, 2025, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of that date. The City’s proportionate share of the net pension liability was based on the City’s contributions received by PERA during the measurement period for employer payroll paid dates July 1, 2024, through June 30, 2025, relative to the total employer contributions received from all of PERA’s participating employers. The City’s proportionate share was 0.2461% at the end of the measurement period and 0.2545% for the beginning of the period. The State of Minnesota contributed $18 million to the PEPFF in the plan fiscal year ended June 30, 2025. The contribution consisted of $9 million in direct state aid that meets the definition of a special funding situation and $9 million in supplemental state aid that does not meet the definition of a special funding situation. The $9 million direct state aid was paid on October 1, 2024. The direct state aid payment will increase by $17.7 million which was paid on October 1, 2025. Thereafter, by October 1 of each year, the state will pay $26.7 million to the PEPFF until the fund is 110% funded for a minimum of three consecutive years (on an actuarial value of assets basis). The $9 million in supplemental state aid will continue until the fund and the State Patrol Plan (administered by the Minnesota State Retirement System) are 100% funded for three consecutive years (on an actuarial value of assets basis). The State of Minnesota’s proportionate share of the net pension liability associated with the City totaled $99,962. The amount recognized by the City as its proportionate share of the net pension liability, the direct aid, and total portion of the net pension liability that was associated with the City were as follows: City’s proportionate share of the net pension liabilit y2,883,660$ State of Minnesota’s proportionate share of the net p en s io n liab ilit y as s o ciat ed wit h t h e Cit y99,962 To tal2,983,622$ 85 ## NOTE 10 – DEFINED BENEFIT PENSION PLANS – STATE-WIDE (CONTINUED) For the year ended December 31, 2025, the City recognized pension expense of $713,706 for its proportionate share of the PEPFF Plan’s pension expense. The City recognized $48,366 as grant revenue and pension expense for its proportionate share of the State of Minnesota’s pension expense for the contribution of $9 million to the PEPFF special funding situation. The State of Minnesota is not included as a non-employer contributing entity in the PEPFF pension allocation schedules for the $9 million in supplemental state aid because this contribution was not considered to meet the definition of a special funding situation. The City recognized $65,713 for the year ended December 31, 2025 as revenue and an offsetting reduction of net pension liability for its proportionate share of the State of Minnesota’s on-behalf contributions to the PEPFF. At December 31, 2025, the City reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: ## DeferredDeferred ## OutflowsInflows ## of Resourcesof Resources Differences between expected and actual economic experience1,332,343$ –$ Ch an g es in actu arial as s u mp tio n s2,186,739 3,613,105 Net difference between projected and actual earnings on pension plan investments– 1,287,018 Changes in proportion233,455 244,359 Employer contributions subsequent to the meas u remen t d ate364,209 – To tal4,116,746$ 5,144,482$ The $364,209 reported as deferred outflows of resources related to pensions resulting from City contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ending December 31, 2026. Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Pens ion ## Year EndingExpense December 31,Amount 2026692,985$ 2027(637,040) 2028(1,436,587) 2029(62,691) 203051,388 To tal(1,391,945)$ 86 ## NOTE 10 – DEFINED BENEFIT PENSION PLANS – STATE-WIDE (CONTINUED) ## E. Long-Term Expected Return on Investments The Minnesota State Board of Investment, which manages the investments of the PERA, prepares an analysis of the reasonableness on a regular basis of the long-term expected rate of return using a building-block method in which best-estimate ranges of expected future rates of return are developed for each major asset class. These ranges are combined to produce an expected long-term rate of return by weighting the expected future rates of return by the target assess allocation percentages. The target allocation and best-estimates of geometric real rates of return for each major asset class are summarized in the following table: ## Asset Class Domestic Equity33.50 %5.10 % ## International Equity 16.50 5.30 % ## Fixed Income 25.00 0.75 % ## Private Markets 25.00 5.90 % To tal100.00 % A llo cat io n ## Target Real Rat e o f Ret u rn ## Long-Term Expected ## F. Actuarial Methods and Assumptions The total pension liability for each of the cost-sharing defined benefit plans was determined by an actuarial valuation as of June 30, 2025, using the entry age normal actuarial cost method. The long-term rate of return on pension plan investments used to determine the total liability is 7.0%. The 7% assumption is based on a review of inflation and investment return assumptions from a number of national investment consulting firms. The review provided a range of investment return rates considered reasonable by the actuary. An investment return of 7% is within that range. Inflation is assumed to be 2.25% for the GERF and the PEPFF. Benefit increases after retirement are assumed to be 1.5% for the GERF and 1.0% for the PEPFF. Salary growth assumptions in the GERF range in annual increments from 11.5% after one year of service to 3.00% after 27 years of service. In the PEPFF, salary growth assumptions range in annual increments from 10.75% after one year of service to 3.00% after 23 years of service. Mortality rates for the GERF are based on the Pub-2010 General Employee Mortality Table. Mortality rates for the PEPFF are based on the Pub-2010 Public Safety Employee Mortality tables. The tables are adjusted slightly to fit PERA’s experience. Actuarial assumptions for the GERF are reviewed every four years. The GERF was last reviewed in 2022. The assumption changes were adopted by the Board and became effective with the July 1, 2023 actuarial valuation. The PEPFF Plan was reviewed in 2024. The assumption changes were adopted by the Board and became effective with the July 1, 2025 actuarial valuation. 87 ## NOTE 10 – DEFINED BENEFIT PENSION PLANS – STATE-WIDE (CONTINUED) The following changes in actuarial assumptions occurred in 2025: ## 1. GERF x The combined service annuity loading factors increased from 15% to 19% for vested terminated members and from 3% to 44% for non-vested, terminated members. x The assumed post-retirement benefit increase changed from 1.25% to 1.5% ## 2. PEPFF x Assumed rates of salary increases were reduced slightly. x Assumed rates of retirement were adjusted, resulting in an overall increase in unreduced (full) retirements and an overall increase in reduced (early) retirements. x Assumed rates of withdrawal were modified; the new rates will increase predicted terminations, especially in the first few years of employment. x Assumed rates of disabled retirement were significantly increased, especially for ages over 30. x Continued use of Pub-2010 Public Safety Mortality Table with rates adjusted to better fit observed experience. x Percent married assumption for female retirees lowered from 70% to 65%. x Minor changes were made to form of payment assumptions for retirees. x Minor changes were made to assumptions made with respect to missing participant data. x The combined service annuity load changed from 33% to 13% for vested, terminated members and from 2% to 38% for non-vested, terminated members. The following changes in plan provisions occurred in 2025: ## 1. GERF x The post-retirement benefit increase formula changed to 100% of the Social Security annual increase, between 1% and 1.75%, beginning January 1, 2026. If the funded ratio (on a market value of assets basis) is less that 85% for the last two consecutive annual valuations or is less than 80% in the most recent actuarial valuation, the maximum is reduced to 1.5%. Previously, the benefit increase was 50% of the Social Security annual increase, between 1% and 1.5%. x The 1% additional employer contribution is eliminated when the plan reaches 98% funded status (on an actuarial value of assets basis); this contribution was previously scheduled to stop when the plan reached 100% funded status. ## 2. PEPFF x The period of time needed for benefit recipients to receive their first benefit increase was reduced by one year (from 36 months to 24 months for a full increase). x The January 1, 2026 benefit increase changed from 1% to 3%; subsequent January 1 increases will be 1%. x The threshold to end the $9 million annual state aid contribution changed from the earlier of July 1, 2048 or 90% funded for both PERA PEPFF and MSRS State Patrol for three consecutive years to 100% funded for both PERA PEPFF and MSRS State Patrol for three consecutive years (on an actuarial value of assets basis). x The threshold to end the additional $9 million annual state aid contribution changed from the earlier of July 1, 2048 or 100% funded for a minimum of three consecutive years to 110% funded for a minimum of three consecutive years (on an actuarial value of assets basis). x A n additional $17.7 million in direct state aid will be paid annually each October 1 beginning October 1, 2025 through June 30, 2048. x Joint and survivor actuarial equivalent factors were updated to reflect changes in assumptions. 88 ## NOTE 10 – DEFINED BENEFIT PENSION PLANS – STATE-WIDE (CONTINUED) ## G. Discount Rate The discount rate used to measure the total pension liability in 2025 was 7.0%. The projection of cash flows used to determine the discount rate assumed that contributions from plan members and employers will be made at rates set in Minnesota Statutes. Based on these assumptions, the fiduciary net positions of the GERF and the PEPFF were projected to be available to make all projected future benefit payments of current plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. ## H. Pension Liability Sensitivity The following presents the City’s proportionate share of the net pension liability for all plans it participates in, calculated using the discount rate disclosed in the preceding paragraph, as well as what the City’s proportionate share of the net pension liability would be if it were calculated using a discount rate one percentage point lower or one percentage point higher than the current discount rate: 1% Decrease inCurrent1% Increase in ## Discount RateDiscount RateDiscount Rate 6.00%7.00%8.00% ## The City’s P roportionate Share of the GER F N e t P e ns ion Lia bility:5,865,907$ 2,415,103$ (384,275)$ ## The City’s P roportionate Share of the P EP FF N e t P e ns ion Lia bility:7, 555,800$ 2,883,660$ (952,905)$ ## I. Pension Plan Fiduciary Net Position Detailed information about each pension plan’s fiduciary net position is available in a separately-issued PERA financial report that includes financial statements and required supplementary information. That report may be obtained on the internet at www.mnpera.org. ## NOTE 11 – DEFINED CONTRIBUTION PLAN – STATE-WIDE All City Council members of the City are covered by the Public Employees Defined Contribution Plan (PEDCP), a multiple-employer deferred compensation plan administered by PERA. The PEDCP is a tax qualified plan under Section 401(a) of the Internal Revenue Code and all contributions by or on behalf of employees are tax deferred until time of withdrawal. Plan benefits depend solely on amounts contributed to the plan plus investment earnings, less administrative expenses. Minnesota Statutes, Chapter 353D and 356, specifies plan provisions, including the employee and employer contribution rates for those qualified personnel who elect to participate. An eligible elected official who decides to participate contributes 5% of their salary which is matched by the elected official's employer. For ambulance service personnel, employer contributions are determined by the employer, and for salaried employees must be a fixed percentage of salary. Employer contributions for volunteer personnel may be a unit value for each call or period of alert duty. Employees who are paid for their services may elect to make member contributions in an amount not to exceed the employer share. 89 ## NOTE 11 – DEFINED CONTRIBUTION PLAN – STATE-WIDE (CONTINUED) Employer and employee contributions are combined and used to purchase shares in one or more of the seven accounts of the Minnesota Supplemental Investment Fund. For administering the plan, PERA receives 2% of employer contributions and twenty-five hundredths of 1% (.25 percent) of the assets in each member's account annually. Total contributions made by the City during fiscal year 2025 were: ## For the Year Ended:EmployeeEmployerEmployeeEmployer December 31, 2025 $900$9005%5% 5% ## ContributionRequired Rate for AmountEmployees and ## Percentage of Covered ## Payroll ## Employers ## NOTE 12 – DEFINED CONTRIBUTION PENSION PLAN – FIRE RELIEF ASSOCIATION ## A. Plan Description Volunteer firefighters of the City are members of the Ramsey Firefighter’s Relief Association (the Association). The Association is a single-employer defined contribution pension plan that operates under the provisions of Minnesota Statutes § 69 and 424, as amended. It is governed by a Board of six officers and trustees elected by the members of the Association for three year terms. The chief of the Ramsey Volunteer Fire Department, the Mayor, and the Finance Director of the City are ex-officio members of the Board of Trustees. The City’s payroll for members of the Association for the year ended December 31, 2025 was $344,528, compared to a total city payroll of $13,049,273. For financial reporting purposes, the Association’s financial statements are not included in the City’s financial statements because it is not a component unit of the City. The Association issues a publicly available financial report. A copy of the report may be obtained at Ramsey Municipal Center, 7550 Sunwood Drive Northwest, Ramsey, Minnesota 55303. ## B. Pension Benefits Minnesota Statutes Chapters 424 and 424A authorize pension benefits for volunteer fire relief associations. In order to be entitled to a pension benefit, a firefighter must have completed a minimum of 10 years of service with the fire department, 10 years membership in the Association, and attain the age of 50 years. The firefighter will then be 60% vested with every year after that at 4% per year until the 20th year when 100% vesting will occur. Because this plan is a defined contribution plan, the amount of the retirement benefit is not predetermined, but rather is based on the individual member’s allocable portion of contributions made during the participation period. Firefighters also have the availability of other pensions such as deferred pension, disability pension, death benefits, and supplemental death benefits. Each of these other pensions are determined based on age and years of service. ## C. Contributions Required and Contributions Made Contributions to the plan include State Fire Aid pursuant to Minnesota Statutes Chapter 69. In addition, the City is allowed to make voluntary contributions of other public funds pursuant to Minnesota Statutes Chapter 69. The City’s contribution to the Association in 2025, including both city and state fire aid passed through the City totaled $294,644. This contribution represents nearly 86% of the current 2025 covered payroll of $344,528. There were no current year changes in plan provisions. 90 ## NOTE 13 – OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN ## A. Plan Description The City provides post-employment health care benefits for retired employees through a single employer defined benefit plan. The term plan refers to the City’s requirement by State Statute to provide retirees with access to health insurance. The OPEB plan is administered by the City. All post-employment benefits are based on contractual agreements with employee groups. Eligibility for these benefits is based on years of service and/or minimum age requirements. These contractual agreements do not include any specific contribution or funding requirements. The plan does not issue a publicly available financial report. No plan assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement No. 75. ## B. Benefits Provided All retirees of the City have the option under state law to continue their medical insurance coverage through the City from the time of retirement until the employee reaches the age of eligibility for Medicare. For members of all employee groups, the retiree must pay the full premium to continue coverage for medical and dental insurance. Per state statutes, the City is also required to contribute towards the cost of continued health insurance coverage for officers and firefighters disabled or killed in the line of duty. The City is legally required to include any retirees for whom it provides health insurance coverage in the same insurance pool as its active employees until the retiree reaches Medicare eligibility, whether the premiums are paid by the City or the retiree. Consequently, participating retirees are considered to receive a secondary benefit known as an “implicit rate subsidy.” This benefit relates to the assumption that the retiree is receiving a more favorable premium rate than they would otherwise be able to obtain if purchasing insurance on their own, due to being included in the same pool with the City’s younger and statistically healthier active employees. ## C. Contributions The required contribution is based on projected pay-as-you-go financing requirements, with additional amounts to prefund benefits as determined periodically by the City. The City’s current year required pay- as-you-go contributions to finance the benefits described in the previous section totaled $54,225. ## D. Membership Membership in the plan consisted of the following as of the latest actuarial valuation: Retirees and beneficiaries receiving benefits4 Active plan members100 T o t a l me mb e rs104 ## E. Total OPEB Liability of the City The City’s total OPEB liability of $1,457,811 as of year-end was measured as of December 31, 2024, and was determined by an actuarial valuation as of December 31, 2023. 91 ## NOTE 13 – OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN (CONTINUED) ## F. Actuarial Methods and Assumptions The total OPEB liability was determined by an actuarial valuation as of December 31, 2023, using the entry age normal level percent of pay method. The following actuarial assumptions applied to all periods included in the measurement, unless otherwise specified: Dis co u n t rate4.08% 20-year municipal bond yield4.08% In flatio n rate2.60% Salary increases3.00% Healthcare cost trend rate7.75% grading to 4.00% over several decades Since the plan is not funded by an irrevocable trust, the discount rate is equal to the 20-year municipal bond yield. ## G. Changes in the Total OPEB Liability ## Total OPEB Liab ilit y Beginning balance 1,379,460$ Changes for the year Serv ice co s t117,053 Interes t55,482 Differences between expected and actual experience(5,761) Changes of assumptions(38,715) Ben efit p aymen ts(49,708) Total net changes78,351 Ending balance1,457,811$ Assumption changes since the prior measurement date include the following: • The discount rate was changed from 3.77 percent to 4.08 percent. H. Total OPEB Liability Sensitivity to Discount and Healthcare Cost Trend Rate Changes The following presents the total OPEB liability of the City, as well as what the City’s total OPEB liability would be if it were calculated using a discount rate that is 1 percentage point lower or 1 percentage point higher than the current discount rate: OPEB discount rate To t al OPEB liab ility 1% Decrease in1% Increase in ## Discount RateRateDiscount Rate ## Discount 3.08%4.08%5.08% 1,586,501$ 1,457,811$ 1,339,991$ 92 ## NOTE 13 – OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN (CONTINUED) The following presents the total OPEB liability of the City, as well as what the City’s total OPEB liability would be if it were calculated using healthcare cost trend rates that are 1 percentage point lower or 1 percentage point higher than the current healthcare cost trend rates: OPEB healthcare trend To tal OPEB liab ility 1,276,714$ 1,457,811$ 1,673,500$ 1% Decrease in1% Increase in ## Healthcare Cost ## Healthcare Cost Trend RateTrend RateHealthcare Cost Trend Rate 6.75% g rad in g to 3.00%7.75% g rad in g to 4.00%8.75% g rad in g to 5.00% over several decadesover several decadesover several decades I. OPEB Expense and Related Deferred Outflow of Resources and Deferred Inflows of Resources For the current year ended, the City recognized OPEB expense of $187,003. As of year-end, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources: ## DeferredDeferred ## OutflowsInflows ## of Resourcesof Resources Differences between expected and actual economic experience652,037$ 154,748$ Changes of assumptions87,856 346,267 City contributions subsequent to the measurement date54,225 – To tal794,118$ 501,015$ A total of $54,225 reported as deferred outflows of resources related to OPEB resulting from city contributions subsequent to the measurement date will be recognized as a reduction of the total OPEB liability in the year ending December 31, 2026. Other amounts reported as deferred outflows of resources and deferred inflows of resources related to OPEB will be recognized in OPEB expense as follows: December 31,Amount 202614,468$ 202714,468 202813,267 202915,187 203045,670 ## Thereafter135,818 ## Total $ 238,878 93 ## NOTE 14 – TAX ABATEMENT AGREEMENTS The City, in order to spur economic development, housing and redevelopment will enter into private development and redevelopment agreements to encourage a developer to construct, expand, or improve new or existing properties and buildings or clean-up and redevelop blighted properties. The City made payments on four private development agreements for redevelopment that would be considered a tax abatement under GASB Statement 77 as of December 31, 2025. The City issued these four agreements through the economic development vehicle known as tax increment financing whereby tax increment revenue is generated on the incremental increase in value above a base established on the date that the tax increment district is created. Per these agreements, the developer shall initially pay for the development property and any site improvements with the City reimbursing these expenses through the issuance of a tax increment revenue note payable solely from the tax increments generated from the project. The City is authorized to create a tax increment financing plan under Minnesota Statute 469.175. Under this statute, the following criteria must be met: • Proposed development or redevelopment would not reasonably be expected to occur solely through private investment within the reasonably foreseeable future; • The increased market value of the site that could reasonably be expected to occur without the use of tax increment financing would be less than the increase in the market value estimated to result from the proposed development after subtracting the present value of the projected tax increments for the maximum duration of the district permitted by the plan. The requirements of this item do not apply if the district is a housing district; • The tax increment financing plan conforms to the general plan for the development or redevelopment of the municipality as a whole; • The tax increment financing plan will afford maximum opportunity, consistent with the sound needs of the municipality as a whole, for the development or redevelopment of the project by private enterprise. For the fiscal year ended December 31, 2025, the City abated property taxes totaling $539,688 related to the following: • Redevelopment: $231,080 abated towards a $3,000,000 Tax Increment Revenue Note issued in 2015 for the construction of a 230-unit apartment building. Final note payment date is February 2038. • Redevelopment: $9,117 abated for a $218,000 Tax Increment Revenue Note issued in 2019 for a 56,000 square-foot industrial building in Bunker Lake Business Park. Final note payment date was February 2025. • Redevelopment: $170,814 abated for a $972,000 Tax Increment Revenue Note issued in 2021 for a 210,000 square-foot manufacturing building in Bunker Lake Business Park. Final note payment date is February 2030. 94 ## NOTE 14 – TAX ABATEMENT AGREEMENTS (CONTINUED) x Redevelopment: $128,677 abated for a $1,172,000 Tax Increment Revenue Note issued in 2023 for a 2,940,000 square-foot manufacturing building in Bunker Lake Business Park. Final note payment date is February 2032. The outstanding principal balance as of December 31, 2025 for all agreements was $2,441,731. This amount is not included in long-term debt because of the nature of these notes in that repayment is required only if sufficient tax increments are received. The City’s position is that these are obligations to assign future and uncertain revenue sources and these obligations are not actual debt in substance. ## NOTE 15 – INDUSTRIAL AND LEASE REVENUE BONDS From time to time, the City has issued Industrial Revenue Bonds and Lease Revenue Bonds to provide financial assistance to private sector entities for the acquisition and construction of industrial and commercial 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 of Minnesota, 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, 2025, there was one series of a Lease Revenue Bond outstanding with an aggregate principal amount payable of $41,395,000. ## NOTE 16 – COMMITMENTS AND CONTINGENCIES ## A. Commitments for Construction At December 31, 2025, the City is committed to various construction contracts for the improvement of city property. The City’s remaining commitment under these contracts is $1,124,901. The City has resources available to cover these commitments. ## B. Federal and State Revenue Amounts received or receivable from federal and state agencies are subject to agency audit and adjustment. Any disallowed claims, including amounts already collected, may constitute a liability of the applicable funds. The amount, if any, of claims which may be disallowed by the grantor agencies cannot be determined at this time, although the City expects such amounts, if any, to be immaterial. ## C. Legal Claims The City has the usual and customary type of miscellaneous legal claims pending at year-end. Although the outcome of these lawsuits is not presently determinable, the City’s management believes that the City will not incur any material monetary loss resulting from these claims. No loss has been recorded on the City’s financial statements relating to these claims. ## D. 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 increments could become a liability of the 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. 95 ## PAGE INTENTIONALLY LEFT BLANK 96 ## REQUIRED SUPPLEMENTARY INFORMATION 97 ## PAGE INTENTIONALLY LEFT BLANK 98 ## Proportionate Share of the ## City’sNet Pension ProportionateLiability andCity’s ## Share of thethe City’sProportionatePlan Fiduciary State ofShare of theShare of theNet Position City’sCity’sMinnesota’sState ofNet Pensionas a PERA FiscalProportionProportionateProportionateMinnesota’sLiability as aPercentage Year-End Dateof the Net Share of theShare of theShare of theCity’sPercentage ofof the Total ## City Fiscal(MeasurementPensionNet PensionNet PensionNet PensionCoveredCoveredPension ## Year-End DateDate)LiabilityLiabilityLiabilityLiabilityPayrollPayrollLiability 12/31/201606/30/20160.0508%4,124,708$ 53,908$ 4,178,616$ 3,154,867$ 130.74% 68.90% 12/31/201706/30/20170.0551%3,517,550$ 44,220$ 3,561,770$ 3,550,067$ 99.08% 75.90% 12/31/201806/30/20180.0527%2,923,581$ 95,848$ 3,019,429$ 3,542,360$ 82.53% 79.50% 12/31/201906/30/20190.0530%2,930,253$ 91,163$ 3,021,416$ 3,752,320$ 78.09% 80.20% 12/31/202006/30/20200.0566%3,393,429$ 104,560$ 3,497,989$ 4,036,013$ 84.08% 79.10% 12/31/202106/30/20210.0617%2,634,866$ 80,483$ 2,715,349$ 4,313,560$ 61.08% 87.00% 12/31/202206/30/20220.0603%4,775,781$ 140,084$ 4,915,865$ 4,518,169$ 105.70% 76.70% 12/31/202306/30/20230.0620%3,466,971$ 95,709$ 3,562,680$ 4,933,640$ 70.27% 83.10% 12/31/202406/30/20240.0668%2,471,091$ 63,897$ 2,534,988$ 5,657,184$ 43.68% 89.10% 12/31/202506/30/20250.0729%2,415,103$ 58,260$ 2,473,363$ 6,601,070$ 36.59% 90.80% ## ContributionsContributions in Relation toas a ## Statutorilythe StatutorilyContributionPercentage ## City FiscalRequiredRequiredDeficiencyCoveredof Covered ## Year-End DateContributionsContributions(Excess)PayrollPayroll 12/31/2016247,279$ 247,279$ –$ 3,297,053$ 7.50% 12/31/2017261,117$ 261,117$ –$ 3,481,560$ 7.50% 12/31/2018271,321$ 271,321$ –$ 3,617,613$ 7.50% 12/31/2019293,639$ 293,639$ –$ 3,915,187$ 7.50% 12/31/2020312,137$ 312,137$ –$ 4,161,827$ 7.50% 12/31/2021330,724$ 330,724$ –$ 4,409,653$ 7.50% 12/31/2022346,788$ 346,788$ –$ 4,624,488$ 7.50% 12/31/2023400,688$ 400,688$ –$ 5,342,507$ 7.50% 12/31/2024454,460$ 454,460$ –$ 6,060,123$ 7.50% 12/31/2025531,570$ 531,570$ –$ 7,087,602$ 7.50% ## CITY OF RAMSEY ## PERA – General Employees Retirement Fund Schedule of City’s and Nonemployer Proportionate Share of Net Pension Liability ## PERA – General Employees Retirement Fund ## Schedule of City Contributions 99 ## Proportionate Share of the ## City’sNet Pension ProportionateLiability andCity’s ## Share of thethe City’sProportionatePlan Fiduciary State ofShare of theShare of theNet Position City’sCity’sMinnesota’sState ofNet Pensionas a PERA FiscalProportionProportionateProportionateMinnesota’sLiability as aPercentage Year-End Dateof the NetShare of theShare of theShare of theCity’sPercentage ofof the Total ## City Fiscal(MeasurementPensionNet PensionNet PensionNet PensionCoveredCoveredPension ## Year-End DateDate)LiabilityLiabilityLiabilityLiabilityPayrollPayrollLiability 12/31/201606/30/20160.2080%8,347,402$ –$ 8,347,402$ 2,000,574$ 417.25% 63.90% 12/31/201706/30/20170.2190%2,956,761$ –$ 2,956,761$ 2,243,957$ 131.77% 85.40% 12/31/201806/30/20180.2161%2,303,404$ –$ 2,303,404$ 2,277,516$ 101.14% 88.80% 12/31/201906/30/20190.2331%2,481,585$ –$ 2,481,585$ 2,458,454$ 100.94% 89.30% 12/31/202006/30/20200.2397%3,159,502$ 74,418$ 3,233,920$ 2,703,294$ 116.88% 87.20% 12/31/202106/30/20210.2447%1,888,825$ 84,916$ 1,973,741$ 2,891,892$ 65.31% 93.70% 12/31/202206/30/20220.2573%11,196,681$ 489,060$ 11,685,741$ 3,125,648$ 358.22% 70.50% 12/31/202306/30/20230.2407%4,156,576$ 167,433$ 4,324,009$ 3,160,708$ 131.51% 86.50% 12/31/202406/30/20240.2545%3,348,488$ 127,643$ 3,476,131$ 3,524,438$ 95.01% 90.20% 12/31/202506/30/20250.2461%2,883,660$ 99,962$ 2,983,622$ 3,735,246$ 77.20% 91.80% ## ContributionsContributions in Relation toas a ## Statutorilythe StatutorilyContributionPercentage ## City FiscalRequiredRequiredDeficiencyCoveredof Covered ## Year-End DateContributionsContributions(Excess)PayrollPayroll 12/31/2016339,699$ 339,699$ –$ 2,096,907$ 16.20% 12/31/2017357,524$ 357,524$ –$ 2,206,938$ 16.20% 12/31/2018382,968$ 382,968$ –$ 2,364,000$ 16.20% 12/31/2019433,917$ 433,917$ –$ 2,559,982$ 16.95% 12/31/2020492,217$ 492,217$ –$ 2,780,887$ 17.70% 12/31/2021541,368$ 541,368$ –$ 3,058,576$ 17.70% 12/31/2022553,715$ 553,715$ –$ 3,128,333$ 17.70% 12/31/2023591,359$ 591,359$ –$ 3,341,011$ 17.70% 12/31/2024641,383$ 641,383$ –$ 3,623,633$ 17.70% 12/31/2025698,091$ 698,091$ –$ 3,944,013$ 17.70% ## PERA – Public Employees Police and Fire Fund Schedule of City’s and Nonemployer Proportionate Share of Net Pension Liability ## CITY OF RAMSEY ## PERA – Public Employees Police and Fire Fund ## Schedule of City Contributions 100 ## CITY OF RAMSEY ## Other Post-Employment Benefits Plan ## Schedule of Changes in the City's Total ## OPEB Liability and Related Ratios ## Fiscal Year 20182019202020212022202320242025 ## Total OPEB liability Service cost40,892$ 74,389$ 55,942$ 69,584$ 81,145$ 119,416$ 91,803$ 117,053$ Interest22,858 24,695 30,837 14,428 13,589 18,686 35,055 55,482 Differences between expected and actual experience– – (368,975) 6,307 510,595 1,371 433,178 (5,761) Changes of assumptions19,347 (41,435) 47,099 20,586 (365,412) (123,730) 66,721 (38,715) Benefit payments (3,349) (3,476) (2,775) (9,111) (6,965) (17,207) (42,119) (49,708) Net change in total OPEB liability79,748 54,173 (237,872) 101,794 232,952 (1,464) 584,638 78,351 Total OPEB liability – beginning of year565,491 645,239 699,412 461,540 563,334 796,286 794,822 1,379,460 Total OPEB liability – end of year645,239$ 699,412$ 461,540$ 563,334$ 796,286$ 794,822$ 1,379,460$ 1,457,811$ Covered-employee payroll5,400,000$ 5,600,000$ 6,400,000$ 6,700,000$ 6,800,000$ 7,600,000$ 8,300,000$ 9,500,000$ Total OPEB liability as a percentage of covered-employee payroll11.95%12.49%7.21%8.41%11.71%10.46%16.62%15.35% Note 1: Note 2:The City implemented GASB Statement No. 75 in fiscal 2018. This information is not available for previous fiscal years. Additional years' information will be displayed as it becomes available. Note 3:No assets are accumulated in a trust that meets the criteria in paragraph 4 of GASB Statement No. 75 to pay related benefits. There are no factors that affect trends in the amounts reported, such as changes in benefit terms or assumptions. Changes in Actuarial Assumptions. (1) 2025 Changes - The discount rate was changed form 3.77 percent to 4.08 percent. (2) 2024 Changes - The discount rate was changed from 4.05 percent to 3.77 percent. Inflation rate was changed from 2.50 percent to 2.60 percent. The healthcare trend rates were updated for changes in recent studies and inflationary adjustments. (3) 2023 Changes - The discount rate was changed from 2.06 percent to 4.05 percent. (4) 2022 Changes - The discount rate was changed from 2.12 percent to 2.06 percent. The healthcare trend rates and plan experience assumptions were updated for changes in recent studies and inflationary adjustments. (5) 2021 Changes - The discount rate was changed from 2.74 percent to 2.12 percent. The healthcare trend rates were updated for changes in recent studies and inflationary adjustments. (6) 2020 Changes - The discount rate was changed from 4.09 percent to 2.74 percent. The healthcare trend rates, mortality tables, and payroll growth rates were updated for changes in recent studies and inflationary adjustments. (7) 2019 Changes - The discount rate was changed from 3.44 percent to 4.09 percent. (8) 2018 Changes - The discount rate was changed from 4.50 percent to 3.44 percent. 101 ## CITY OF RAMSEY ## Notes to Required Supplementary Information ## General Employees Retirement Fund ## Year Ended December 31, 2025 ## 2025 CHANGES IN ACTUARIAL ASSUMPTIONS • The combined service annuity loading factors increased from 15% to 19% for vested terminated members and from 3% to 44% for non-vested, terminated members. • The assumed post-retirement benefit increase changed from 1.25% to 1.5%. ## 2025 CHANGES IN PLAN PROVISIONS • The post-retirement benefit increase formula changed to 100% of the Social Security annual increase, between 1% and 1.75%, beginning January 1, 2026. If the funded ratio (on a market value of assets basis) is less than 85% for the last two consecutive annual valuations or is less than 80% in the most recent actuarial valuation, the maximum is reduced to 1.5%. Previously, the benefit increase was 50.00% of the Social Security annual increase, between 1% and 1.5%. • The 1% additional employer contribution is eliminated when the plan reaches 98% funded status (on an actuarial value of assets basis); this contribution was previously scheduled to stop when the plan reached 100% funded status. ## 2024 CHANGES IN ACTUARIAL ASSUMPTIONS • Rates of merit and seniority were adjusted, resulting in slightly higher rates. • Assumed rates of retirement were adjusted as follows: increase the rate of assumed unreduced retirements, slight adjustments to Rule of 90 retirement rates, and slight adjustments to early retirement rates for Tier 1 and Tier 2 members. • Minor increase in assumed withdrawals for males and females. • Lower rates of disability. • Continued use of Pub-2010 general mortality table with slight rate adjustments as recommended in the most recent experience study. • Minor changes to form of payment assumptions for male and female retirees. • Minor changes to assumptions made with respect to missing participant data. ## 2024 CHANGES IN PLAN PROVISIONS • The workers’ compensation offset for disability benefits was eliminated. The actuarial equivalent factors updated to reflect the changes in assumptions. ## 2023 CHANGES IN ACTUARIAL ASSUMPTIONS • The investment return assumption and single discount rate were changed from 6.50 percent to 7.00 percent. 102 ## CITY OF RAMSEY ## Notes to Required Supplementary Information ## General Employees Retirement Fund (continued) ## Year Ended December 31, 2025 ## 2023 CHANGES IN PLAN PROVISIONS • An additional one-time direct state aid contribution of $170.1 million will be contributed to the Plan on October 1, 2023. • The vesting period of those hired after June 30, 2010, was changed from five years of allowable service to three years of allowable service. • The benefit increase delay for early retirements on or after January 1, 2024 was eliminated. • A one-time, non-compounding benefit increase of 2.50 percent minus the actual 2024 adjustment will be payable in a lump sum for calendar year 2024 by March 31, 2024. ## 2022 CHANGES IN ACTUARIAL ASSUMPTIONS • The mortality improvement scale was changed from Scale MP-2020 to Scale MP-2021. ## 2021 CHANGES IN ACTUARIAL ASSUMPTIONS • The investment return and single discount rates were changed from 7.50 percent to 6.50 percent, for financial reporting purposes. • The mortality improvement scale was changed from Scale MP-2019 to Scale MP-2020. ## 2020 CHANGES IN ACTUARIAL ASSUMPTIONS • The price inflation assumption was decreased from 2.50 percent to 2.25 percent. • The payroll growth assumption was decreased from 3.25 percent to 3.00 percent. • Assumed salary increase rates were changed as recommended in the June 30, 2019 experience study. The net effect is assumed rates that average 0.25 percent less than previous rates. • Assumed rates of retirement were changed as recommended in the June 30, 2019 experience study. The changes result in more unreduced (normal) retirements and slightly fewer Rule of 90 and early retirements. • Assumed rates of termination were changed as recommended in the June 30, 2019 experience study. The new rates are based on service and are generally lower than the previous rates for years 2-5 and slightly higher thereafter. • Assumed rates of disability were changed as recommended in the June 30, 2019 experience study. The change results in fewer predicted disability retirements for males and females. • The base mortality table for healthy annuitants and employees was changed from the RP-2014 table to the Pub-2021 General Mortality table, with adjustments. The base mortality table for disabled annuitants was changed from the RP-2014 disabled annuitant mortality table to the Pub-2010 General/Teacher disabled annuitant mortality table, with adjustments. • The mortality improvement scale was changed from Scale MP-2018 to MP-2019. • The assumed spouse age difference was changed from two years older for females to one year older. 103 ## CITY OF RAMSEY ## Notes to Required Supplementary Information ## General Employees Retirement Fund (continued) ## Year Ended December 31, 2025 ## 2020 CHANGES IN ACTUARIAL ASSUMPTIONS (CONTINUED) •The assumed number of married male new retirees electing the 100 percent Joint and Survivor option changed from 35 percent to 45 percent. The assumed number of married female new retirees electing the 100 percent Joint and Survivor option changed from 15 percent to 30 percent. The corresponding number of married new retirees electing the Life annuity option was adjusted accordingly. ## 2020 CHANGES IN PLAN PROVISIONS •Augmentation for current privatized members was reduced to 2.00 percent for the period July 1, 2020 through December 31, 2023 and zero percent after. Augmentation was eliminated for privatizations occurring after June 30, 2020. ## 2019 CHANGES IN ACTUARIAL ASSUMPTIONS •The mortality projection scale was changed from MP-2017 to MP-2018. ## 2019 CHANGES IN PLAN PROVISIONS •The employer supplemental contribution was changed prospectively, decreasing from $31.0 million to $21.0 million per year. The state’s special funding contribution was changed prospectively, requiring $16.0 million due per year through 2031. ## 2018 CHANGES IN ACTUARIAL ASSUMPTIONS •The mortality projection scale was changed from MP-2015 to MP-2017. •The assumed benefit increase was changed from 1.00 percent per year through 2044, and 2.50 percent per year thereafter, to 1.25 percent per year. ## 2018 CHANGES IN PLAN PROVISIONS •The augmentation adjustment in early retirement factors is eliminated over a five-year period starting July 1, 2019, resulting in actuarial equivalence after June 30, 2024. •Interest credited on member contributions decreased from 4.00 percent to 3.00 percent, beginning July 1, 2018. •Deferred augmentation was changed to zero percent, effective January 1, 2019. Augmentation that has already accrued for deferred members will still apply. •Contribution stabilizer provisions were repealed. •Post-retirement benefit increases were changed from 1.00 percent per year with a provision to increase to 2.50 percent upon attainment of 90.00 percent funding ratio to 50.00 percent of the Social Security Cost of Living Adjustment, not less than 1.00 percent and not more than 1.50 percent, beginning January 1, 2019. 104 ## CITY OF RAMSEY ## Notes to Required Supplementary Information ## General Employees Retirement Fund (continued) ## Year Ended December 31, 2025 ## 2018 CHANGES IN ACTUARIAL ASSUMPTIONS (CONTINUED) •For retirements on or after January 1, 2024, the first benefit increase is delayed until the retiree reaches normal retirement age; does not apply to Rule of 90 retirees, disability benefit recipients, or survivors. •Actuarial equivalent factors were updated to reflect revised mortality and interest assumptions. ## 2017 CHANGES IN ACTUARIAL ASSUMPTIONS •The Combined Service Annuity (CSA) loads were changed from 0.80 percent for active members and 60.00 percent for vested and nonvested deferred members. The revised CSA loads are now zero percent for active member liability, 15.00 percent for vested deferred member liability, and 3.00 percent for nonvested deferred member liability. •The assumed post-retirement benefit increase rate was changed from 1.00 percent per year for all years, to 1.00 percent per year through 2044, and 2.50 percent per year thereafter. ## 2017 CHANGES IN PLAN PROVISIONS •The state’s contribution for the Minneapolis Employees Retirement Fund equals $16.0 million in 2017 and 2018, and $6.0 million thereafter. •The Employer Supplemental Contribution for the Minneapolis Employees Retirement Fund changed from $21.0 million to $31.0 million in calendar years 2019 to 2031. The state’s contribution changed from $16.0 million to $6.0 million in calendar years 2019 to 2031. ## 2016 CHANGES IN ACTUARIAL ASSUMPTIONS •The assumed post-retirement benefit increase rate was changed from 1.00 percent per year through 2035 and 2.50 percent per year thereafter, to 1.00 percent per year for all years. •The assumed investment return was changed from 7.90 percent to 7.50 percent. The single discount rate changed from 7.90 percent to 7.50 percent. •Other assumptions were changed pursuant to the experience study June 30, 2015. The assumed future salary increases, payroll growth, and inflation were decreased by 0.25 percent to 3.25 percent for payroll growth, and 2.50 for inflation. 105 ## CITY OF RAMSEY ## Notes to Required Supplementary Information ## Public Employees Police and Fire Fund ## Year Ended December 31, 2025 ## 2025 CHANGES IN ACTUARIAL ASSUMPTIONS •Assumed rates of salary increases were reduced slightly. •Assumed rates of retirement were adjusted, resulting in an overall increase in unreduced (full) retirements and an overall increase in reduced (early) retirements. •Assumed rates of withdrawal were modified; the new rates will increase predicted terminations, especially in the first few years of employment. •Assumed rates of disabled retirement were significantly increased, especially for ages of age 30. •Continued use of Pub-2010 Public Safety Mortality Table with rates adjusted to better fit observed experience. •Percent married assumption for female retirees lowered from 70% to 65%. •Minor changes were made to form of payment assumptions for retirees. •Minor changes were made to assumptions made with respect to missing participant data. •The combined service annuity load changed from 33% to 13% for vested, terminated members and from 2% to 38% for non-vested, terminated members. ## 2025 CHANGES IN PLAN PROVISIONS •The period of time needed for benefit recipients to receive their first benefit increase was reduced by one year (from 36 months to 24 months for a full increase). •The January 1, 2026 benefit increase changed from 1% to 3%; subsequent January 1 increases will be 1%. •The threshold to end the $9 million annual state aid contribution changed from the earlier of July 1, 2048 or 90% funded for both PERA PEPFF and MSRS State Patrol for three consecutive years to 100% funded for both PERA PEPFF and MSRS State Patrol for three consecutive years (on an actuarial value of assets basis). •The threshold to end the additional $9 million annual state aid contribution changed from the earlier of July 1, 2048 or 100% funded for a minimum of three consecutive years to 110% funded for a minimum of three consecutive years (on an actuarial value of assets basis). •An additional $17.7 million in direct state aid will be paid annually each October 1 beginning October 1, 2025 through June 30, 2048. •Joint and survivor actuarial equivalent factors were updated to reflect changes in assumptions. 106 ## CITY OF RAMSEY ## Notes to Required Supplementary Information ## Public Employees Police and Fire Fund (continued) ## Year Ended December 31, 2025 ## 2024 CHANGES IN PLAN PROVISIONS • The State contribution of $9.0 million per year will continue until the earlier of 1) both the Police and Fire Plan and the State Patrol Retirement Fund attain 90 percent funded status for three consecutive years (on an actuarial value of assets basis) or 2) July 1, 2048. The contribution was previously due to expire after attaining a 90 percent funded status for one year. • The additional $9.0 million contribution will continue until the Police & Fire Plan is fully funded for a minimum of three consecutive years on an actuarial value of assets basis, or July 1, 2048, whichever is earlier. This contribution was previously due to expire upon attainment of fully funded status on an actuarial value of assets basis for one year (or July 1, 2048 if earlier). ## 2023 CHANGES IN ACTUARIAL ASSUMPTIONS • The investment return assumption was changed from 6.50 percent to 7.00 percent. • The single discount rate changed from 5.40 percent to 7.00 percent. ## 2023 CHANGES IN PLAN PROVISIONS • Additional one-time direct state aid contribution of $19.4 million will be contributed to the Plan on October 1, 2023. • Vesting requirement for new hires after June 30, 2014, was changed from a graded 20-year vesting schedule to a graded 10-year vesting schedule, with 50.00 percent vesting after five years, increasing incrementally to 100.00 percent after 10 years. • A one-time, non-compounding benefit increase of 3.00 percent will be payable in a lump sum for calendar year 2024 by March 31, 2024. • Psychological treatment is required effective July 1, 2023, prior to approval for a duty disability benefit for a psychological condition relating to the member’s occupation. • The total and permanent duty disability benefit was increased, effective July 1, 2023. ## 2022 CHANGES IN ACTUARIAL ASSUMPTIONS • The mortality improvement scale was changed from Scale MP-2020 to Scale MP-2021. • The single discount rate was changed from 6.50 percent to 5.40 percent. ## 2021 CHANGES IN ACTUARIAL ASSUMPTIONS • The investment return and single discount rates were changed from 7.50 percent to 6.50 percent, for financial reporting purposes. • The inflation assumption was changed from 2.50 percent to 2.25 percent. • The payroll growth assumption was changed from 3.25 percent to 3.00 percent. 107 ## CITY OF RAMSEY ## Notes to Required Supplementary Information ## Public Employees Police and Fire Fund (continued) ## Year Ended December 31, 2025 ## 2021 CHANGES IN ACTUARIAL ASSUMPTIONS (CONTINUED) •The base mortality table for healthy annuitants and employees was changed from the RP-2014 Table to the Pub-2010 Public Safety Mortality Table. The mortality improvement scale was changed from MP-2019 to MP-2020. •The base mortality table for disabled annuitants was changed from the RP-2014 Healthy Annuitant Mortality Table (with future mortality improvement according to Scale MP-2019) to the Pub-2010 Public Safety Disabled Annuitant Mortality Table (with future mortality improvement according to Scale MP-2020). •Assumed rates of salary increase were modified as recommended in the July 14, 2020 experience study. The overall impact is a decrease in gross salary increase rates. •Assumed rates of retirement were changed as recommended in the July 14, 2020 experience study. The changes result in slightly more unreduced retirements and fewer assumed early retirements. •Assumed rates of withdrawal were changed from select and ultimate rates to service-based rates. The changes would result in more assumed terminations. •Assumed rates of disability were increased for ages 25-44 and decreased for ages over 49. Overall, proposed rates result in more projected disabilities. •Assumed percent married for active female members was changed from 60 percent to 70 percent. Minor changes to form of payment assumptions were applied. ## 2020 CHANGES IN ACTUARIAL ASSUMPTIONS •The mortality projection scale was changed from MP-2018 to MP-2019. ## 2019 CHANGES IN ACTUARIAL ASSUMPTIONS •The mortality projection scale was changed from MP-2017 to MP-2018. ## 2018 CHANGES IN ACTUARIAL ASSUMPTIONS •The mortality projection scale was changed from MP-2016 to MP-2017. ## 2018 CHANGES IN PLAN PROVISIONS •Post-retirement benefit increases were changed to 1.00 percent for all years, with no trigger. •An end date of July 1, 2048 was added to the existing $9.0 million state contribution. •New annual state aid will equal $4.5 million in fiscal years 2019 and 2020, and $9.0 million thereafter, until the plan reaches 100.00 percent funding, or July 1, 2048, if earlier. •Member contributions were changed from 10.80 percent to 11.30 percent of pay, effective January 1, 2019, and 11.80 percent of pay, effective January 1, 2020. •Employer contributions were changed from 16.20 percent to 16.95 percent of pay, effective January 1, 2019, and 17.70 percent of pay, effective January 1, 2020. 108 ## CITY OF RAMSEY ## Notes to Required Supplementary Information ## Public Employees Police and Fire Fund (continued) ## Year Ended December 31, 2025 ## 2018 CHANGES IN PLAN PROVISIONS (CONTINUED) • Interest credited on member contributions decreased from 4.00 percent to 3.00 percent, beginning July 1, 2018. • Deferred augmentation was changed to zero percent, effective January 1, 2019. Augmentation that has already accrued for deferred members will still apply. • Actuarial equivalent factors were updated to reflect revised mortality and interest assumptions. ## 2017 CHANGES IN ACTUARIAL ASSUMPTIONS • Assumed salary increases were changed as recommended in the June 30, 2016 experience study. The net effect is proposed rates that average 0.34 percent lower than the previous rates. • Assumed rates of retirement were changed, resulting in fewer retirements. • The CSA load was 30.00 percent for vested and nonvested deferred members. The CSA has been changed to 33.00 percent for vested members, and 2.00 percent for nonvested members. • The base mortality table for healthy annuitants was changed from the RP-2000 Fully Generational Table to the RP-2014 Fully Generational Table (with a base year of 2006), with male rates adjusted by a factor of 0.96. The mortality improvement scale was changed from Scale AA to Scale MP-2016. The base mortality table for disabled annuitants was changed from the RP-2000 Disabled Mortality Table to the mortality tables assumed for healthy retirees. • Assumed termination rates were decreased to 3.00 percent for the first three years of service. Rates beyond the select period of three years were adjusted, resulting in more expected terminations overall. • Assumed percentage of married female members was decreased from 65.00 percent to 60.00 percent. • Assumed age difference was changed from separate assumptions for male members (wives assumed to be three years younger) and female members (husbands assumed to be four years older) to the assumption that males are two years older than females. • The assumed percentage of female members electing joint and survivor annuities was increased. • The assumed post-retirement benefit increase rate was changed from 1.00 percent for all years, to 1.00 percent per year through 2064, and 2.50 percent thereafter. • The single discount rate was changed from 5.60 percent per annum to 7.50 percent per annum. ## 2016 CHANGES IN ACTUARIAL ASSUMPTIONS • The assumed post-retirement benefit increase rate was changed from 1.00 percent per year through 2037, and 2.50 percent per year thereafter, to 1.00 percent per year for all future years. • The assumed investment return was changed from 7.90 percent to 7.50 percent. • The single discount rate changed from 7.90 percent to 5.60 percent. • The assumed future salary increases, payroll growth, and inflation were decreased by 0.25 percent to 3.25 percent for payroll growth, and 2.50 percent for inflation. 109 ## PAGE INTENTIONALLY LEFT BLANK 110 ## COMBINING AND INDIVIDUAL FUND STATEMENTS ## AND SCHEDULES 111 ## PAGE INTENTIONALLY LEFT BLANK 112 ## Special ## RevenueDebt ServiceCapital ProjectTotals ## Assets Cash and temporary investment s4,267,609$ 587,148$ 6,649,776$ 11,504,533$ ## Receivables Unremitted taxes 1,033 35,775 – 36,808 Delinquent taxes 860 30,855 – 31,715 Unremitted special assessments– 701 620 1,321 Delinquent special assessments– 395 2,242 2,637 Deferred special assessments– 58,959 60,973 119,932 Accounts12,633 – – 12,633 Notes131,523 – – 131,523 Due from other governmental units61,114 – – 61,114 Due from other funds25,000 – – 25,000 Advances to other funds– – 1,454,009 1,454,009 Prepaids2,993 – – 2,993 Total assets4,502,765$ 713,833$ 8,167,620$ 13,384,218$ ## Liabilities Accounts and contracts payable7,525$ 871$ 5,356$ 13,752$ Due to other governmental units58,371 – – 58,371 Advances from other funds– – 137,761 137,761 Total liabilities65,896 871 143,117 209,884 Deferred inflows of resources Unavailable revenue - property taxes860 30,855 – 31,715 Unavailable revenue - special assessments– 59,354 63,215 122,569 Unavailable revenue - notes 131,523 – – 131,523 Total deferred inflows of resources132,383 90,209 63,215 285,807 Fund balances Nonspendable2,993 – – 2,993 Restricted2,410,097 622,753 – 3,032,850 Committed1,891,396 – – 1,891,396 Assigned– – 7,961,288 7,961,288 Total fund balance4,304,486 622,753 7,961,288 12,888,527 Total liabilities, deferred inflows of resources, and fund balances 4,502,765$ 713,833$ 8,167,620$ 13,384,218$ December 31, 2025 ## CITY OF RAMSEY ## Nonmajor Governmental Funds ## Combining Balance Sheet 113 ## PAGE INTENTIONALLY LEFT BLANK 114 ## Special ## RevenueDebt ServiceCapital ProjectTotals ## Revenue Property taxes 84,509$ 2,925,043$ 44,520$ 3,054,072$ Special assessments– 53,336 11,487 64,823 Intergovernmental revenue419,894 338,510 – 758,404 Contributions221,077 – – 221,077 Other revenue Investment earnings 160,736 60,026 272,384 493,146 Miscellaneous457,654 129 178,460 636,243 Total revenue1,343,870 3,377,044 506,851 5,227,765 ## Expenditures ## Current General government104,681 – 191,781 296,462 Public safety101,233 – – 101,233 Highways and streets – – 696,054 696,054 Economic development195,236 – – 195,236 Capital outlay325,335 – 11,852 337,187 Debt service Principal retirement– 2,640,000 – 2,640,000 Interest – 993,198 3,594 996,792 Total expenditures726,485 3,633,198 903,281 5,262,964 Excess (deficiency) of revenue over expenditures617,385 (256,154) (396,430) (35,199) Other financing sources (uses) Proceeds on sale of capital assets41,075 – – 41,075 Transfers in 78,167 385,369 1,272,944 1,736,480 Transfers (out)(53,408) (385,369) (800,200) (1,238,977) Total other financing sources (uses)65,834 – 472,744 538,578 Net change in fund balances683,219 (256,154) 76,314 503,379 Fund balances Beginning of year, as previously reported2,564,559 878,907 7,884,974 11,328,440 Change within financial reporting entity1,056,708 – – 1,056,708 Beginning of year, as adjusted3,621,267 878,907 7,884,974 12,385,148 End of yea r4,304,486$ 622,753$ 7,961,288$ 12,888,527$ ## CITY OF RAMSEY ## Nonmajor Governmental Funds ## Combining Statement of Revenue, Expenditures, and Changes in Fund Balances ## Year Ended December 31, 2025 115 ## PAGE INTENTIONALLY LEFT BLANK 116 General Govt Special Projects Fund–usedtoaccount for resources accumulated and expenditures relatedto special General Government projects. Economic Development Authority Fund–usedtoaccount for revenues and expenditures associated with economic development activities within the City. ## NONMAJOR SPECIAL REVENUE FUNDS Nonmajor Special Revenue Funds are usedtoaccount for revenue derived from specific revenue sources that are legally restricted or committed to expenditures for specific purposes. Revolving Loan Fund–usedtoaccount for loans authorized by the Citytoprospective private businessesin accordance with Chapter 469 of the Minnesota Statutes. Lawful Gambling Fund–usedtoaccount for lawful gambling revenues received by the Cityasauthorized by Minnesota State Statutes Chapter 349. Peace Officers Fund–usedtoaccount for post-board reimbursement and other restricted revenues which must be used exclusively for in-service training and other expenditures as specified. State Relief Fund–usedtoaccount for the funds received from the State of Minnesota knownasLocal Affordable Housing Aid to be used on qualifying projects. Developer’sFees Fund–usedtoaccount for demand fees that will be used for storm water management. This fund was a major government fund in 2024. Lodging Tax Fund–usedtoaccount for lodging tax revenues received by the City that shall be usedin accordance with Minnesota Statutes 469.190. 117 ## Formerly ## Major ## RevolvingLawfulPeaceDeveloper’s ## LoanGamblingOfficersFees ## Assets Cash and temporary investments269,137$ 153,845$ 34,891$ 1,544,495$ ## Receivables Unremitted taxes– – – – Delinquent taxes– – – – Accounts– 12,321 – – Notes131,523 – – – Due from other governmental units– – 61,114 – Due from other funds– – – – Prepaids– – – – Total assets400,660$ 166,166$ 96,005$ 1,544,495$ ## Liabilities Accounts and contracts payable–$ –$ 7,185$ –$ Due to other governmental units– – 52,532 – Total liabilities– – 59,717 – Deferred inflows of resources Unavailable revenue - property taxes– – – – Unavailable revenue - notes 131,523 – – – Total deferred inflows of resources131,523 – – – Fund balances Nonspendable– – – – Restricted– 166,166 36,288 – Committed269,137 – – 1,544,495 Total fund balances269,137 166,166 36,288 1,544,495 Total liabilities, deferred inflows of resources, and fund balances 400,660$ 166,166$ 96,005$ 1,544,495$ ## CITY OF RAMSEY ## Nonmajor Special Revenue Funds ## Combining Balance Sheet December 31, 2025 118 ## General GovtEconomic ## StateSpecialLodging Development ## ReliefProjectsTaxAuthorityTotals 447,102$ 77,764$ 8,348$ 1,732,027$ 4,267,609$ – – – 1,033 1,033 – – – 860 860 – – 312 – 12,633 – – – – 131,523 – – – – 61,114 – – – 25,000 25,000 – – – 2,993 2,993 447,102$ 77,764$ 8,660$ 1,761,913$ 4,502,765$ –$ –$ –$ 340$ 7,525$ – – 5,839 – 58,371 – – 5,839 340 65,896 – – – 860 860 – – – – 131,523 – – – 860 132,383 – – – 2,993 2,993 447,102 – 2,821 1,757,720 2,410,097 – 77,764 – – 1,891,396 447,102 77,764 2,821 1,760,713 4,304,486 447,102$ 77,764$ 8,660$ 1,761,913$ 4,502,765$ 119 ## Formerly ## Major ## RevolvingLawfulPeaceDeveloper’s ## LoanGamblingOfficersFees ## Revenue Property taxes–$ –$ –$ –$ Intergovernmental revenue– – 101,114 – Contributions– – – 221,077 Other revenue Investment earnings 11,143 10,397 1,141 56,227 Miscellaneous23,838 105,840 12,201 156,675 Total revenue34,981 116,237 114,456 433,979 ## Expenditures ## Current General government– 24,435 – – Public safety– – 101,233 – Economic development149,999 – – – Capital outlay– 300,976 – 24,359 Total expenditures149,999 325,411 101,233 24,359 Excess (deficiency) of revenue over expenditures(115,018) (209,174) 13,223 409,620 Other financing sources (uses) Proceeds on sale of capital assets– – – – Transfers in– – – 78,167 Transfers (out)– – – – Total other financing sources (uses)– – – 78,167 Net change in fund balances (115,018) (209,174) 13,223 487,787 Fund balances Beginning of year, as previously reported384,155 375,340 23,065 – Change within financial reporting entity– – – 1,056,708 Beginning of year, as adjusted384,155 375,340 23,065 1,056,708 End of year269,137$ 166,166$ 36,288$ 1,544,495$ ## CITY OF RAMSEY ## Nonmajor Special Revenue Funds ## Combining Statement of Revenue, Expenditures, and Changes in Fund Balances ## Year Ended December 31, 2025 120 ## General GovtEconomic ## StateSpecialLodgingDevelopment ## ReliefProjectsTaxAuthorityTotals –$ –$ –$ 84,509$ 84,509$ 318,780 – – – 419,894 – – – – 221,077 9,425 4,353 165 67,885 160,736 – 68,668 7,656 82,776 457,654 328,205 73,021 7,821 235,170 1,343,870 – 80,246 – – 104,681 – – – – 101,233 – – 5,000 40,237 195,236 – – – – 325,335 – 80,246 5,000 40,237 726,485 328,205 (7,225) 2,821 194,933 617,385 – 41,075 – – 41,075 – – – – 78,167 (23,408) (30,000) – – (53,408) (23,408) 11,075 – – 65,834 304,797 3,850 2,821 194,933 683,219 142,305 73,914 – 1,565,780 2,564,559 – – – – 1,056,708 142,305 73,914 – 1,565,780 3,621,267 447,102$ 77,764$ 2,821$ 1,760,713$ 4,304,486$ 121 ## PAGE INTENTIONALLY LEFT BLANK 122 Original andOver (Under) ## Final BudgetActualFinal Budget ## Revenue Property taxes86,367$ 84,509$ (1,858)$ Other revenue Investment earnings 5,000 67,885 62,885 Miscellaneous– 82,776 82,776 Total revenue91,367 235,170 143,803 ## Expenditures ## Current Economic development91,367 40,237 (51,130) Capital outlay– – – Net change in fund balances–$ 194,933 194,933$ Fund balances Beginning of year1,565,780 End of year1,760,713$ ## CITY OF RAMSEY ## Schedule of Revenue, Expenditures, and Changes in Fund Balances ## Economic Development Authority – Budget and Actual ## Year Ended December 31, 2025 123 ## PAGE INTENTIONALLY LEFT BLANK 124 2023A Capital Equipment Certificates–The Series 2023A $1,400,000 General Obligation Capital Equipment Certificate of Indebtedness is to finance the acquisition of capital equipment. ## 2022AGOStreet Reconstruction Bond–The $10,765,000 General Obligation Street Reconstruction Bondsis tofinance the reconstruction of several streetsasoutlinedinthe City's Capital Improvement Plan for years 2023 through 2025. 2021A/2012AGORefund Improvement Bond–The $9,845,000 General Obligation Capital Improvement Bond were issuedtorefund the 2012A General Obligation Capital Improvement Bond that had refunded the 2005A Public Project Lease Revenue Bond that was issuedtofinance the construction of the city's Municipal Center. ## 2020AGOCapital Improvement Bond–The $9,055,000 General Obligation Capital Improvement Bondis to finance the construction of the city's Public Works Campus. ## NONMAJOR DEBT SERVICE FUNDS Nonmajor Debt Service Funds are usedtoaccount for the accumulation of resources used for the payment of principal and interest on long term debt. ## 2015AGOCapital Improvement Bond–The $3,880,000 General Obligation Capital Improvement Bondis to finance the construction of the city's Fire Station #2. ## 2018AGOStreet Reconstruction Bond–The $1,175,000 General Obligation Street Reconstruction Bondis to finance the reconstruction of Riversbend Avenue and Stanhope Terrace. ## 2015BGOStreet Reconstruction Bond–The $1,205,000 General Obligation Street Reconstruction Bondsis to finance the reconstruction of Garnet Street and 168th Avenue. ## 2017AGOStreet Reconstruction Bond–The $895,000 General Obligation Street Reconstruction Bondsis to finance the reconstruction of Alpine Drive and Sunwood Drive. 2014A Capital Equipment Certificates–The Series 2014A $875,000 General Obligation Capital Equipment Certificate of Indebtedness is to finance the acquisition of capital equipment. 2011B RefundGOImprovement Bonds–In2011, $3,090,000 Series 2011B Improvement Crossover Refunding bonds were issuedtorefund the 2005B SeriesAUARroadway bonds that were called on December 15, 2014. ## 2016AGOStreet Reconstruction Bond–The $1,650,000 General Obligation Street Reconstruction Bondsis to finance the reconstruction of Andrie Street and 164th Lane. 2013A Capital Equipment Certificates–The Series 2013A $635,000 General Obligation Capital Equipment Certificate of Indebtedness is to finance the acquisition of capital equipment. 125 ## 2015A2015B2016A ## 2011B Refund2013A2014AGO CapitalGO StreetGO Street ## GO Improvement Capital EquipmentCapital EquipmentImprovementReconstructionReconstruction ## BondsCertificatesCertificatesBondBondBond ## Assets Cash and temporary investments29,726$ –$ 2,182$ 133,071$ 4,779$ 83,617$ ## Receivables Unremitted taxes– – – 2,528 1,017 1,306 Delinquent taxes– – – 2,899 1,179 1,518 Unremitted special assessments– – – – 3 698 Delinquent special assessments– – – – 395 – Deferred special assessments– – – – – 21,426 Total assets29,726$ –$ 2,182$ 138,498$ 7,373$ 108,565$ ## Liabilities Accounts and contracts payable–$ –$ –$ –$ –$ –$ Deferred inflows of resources Unavailable revenue - property taxes– – – 2,899 1,179 1,518 Unavailable revenue - special assessments– – – – 395 21,426 Total deferred inflows of resources– – – 2,899 1,574 22,944 Fund balances Restricted29,726 – 2,182 135,599 5,799 85,621 Total liabilities, deferred inflows of resources and fund balances29,726$ –$ 2,182$ 138,498$ 7,373$ 108,565$ ## CITY OF RAMSEY ## Nonmajor Debt Service Funds ## Combining Balance Sheet December 31, 2025 126 ## 2017A2018A2020A2021A/2012A2022A ## GO StreetGO StreetGO CapitalGO RefundGO Street2023A ## ReconstructionReconstructionImprovementImprovementReconstructionCapital Equipment ## BondBondBondBondBondCertificatesTotals 6,628$ 25,906$ 60,578$ 58,392$ 128,342$ 53,927$ 587,148$ 820 1,015 1,135 16,592 9,692 1,670 35,775 951 1,159 1,308 9,618 10,539 1,684 30,855 – – – – – – 701 – – – – – – 395 9,139 28,394 – – – – 58,959 17,538$ 56,474$ 63,021$ 84,602$ 148,573$ 57,281$ 713,833$ –$ 91$ –$ –$ –$ 780$ 871$ 951 1,159 1,308 9,618 10,539 1,684 30,855 9,139 28,394 – – – – 59,354 10,090 29,553 1,308 9,618 10,539 1,684 90,209 7,448 26,830 61,713 74,984 138,034 54,817 622,753 17,538$ 56,474$ 63,021$ 84,602$ 148,573$ 57,281$ 713,833$ 127 ## 2015A2015B2016A ## 2011B Refund2013A2014AGO CapitalGO StreetGO Street ## GO ImprovementCapital EquipmentCapital EquipmentImprovementReconstructionReconstruction ## BondsCertificatesCertificatesBondBondBond ## Revenue Property taxes–$ –$ –$ 276,787$ 111,333$ 142,927$ Special assessments– – – – 8,667 24,411 Intergovernmental revenue338,510 – – – – – Other revenue Investment earnings 23,358 – 1,761 6,009 1,359 5,055 Miscellaneous– – – – 20 Total revenue361,868 – 1,761 282,796 121,359 172,413 ## Expenditures Debt service Principal retirement310,000 – – 195,000 130,000 170,000 Interest 8,836 – – 81,178 8,391 7,841 Total expenditures318,836 – – 276,178 138,391 177,841 Excess (deficiency) of revenue over expenditures43,032 – 1,761 6,618 (17,032) (5,428) Other financing sources (uses) Transfers in– – – – – – Transfers out(340,000) (369) (45,000) – – – Total other financing sources (uses)(340,000) (369) (45,000) – – – Net change in fund balances (296,968) (369) (43,239) 6,618 (17,032) (5,428) Fund balances Beginning of year326,694 369 45,421 128,981 22,831 91,049 End of year29,726$ –$ 2,182$ 135,599$ 5,799$ 85,621$ ## Nonmajor Debt Service Funds ## Combining Statement of Revenue, Expenditures, and Changes in Fund Balances ## Year Ended December 31, 2025 ## CITY OF RAMSEY 128 ## 2017A2018A2020A2021A/2012A2022A ## GO StreetGO StreetGO CapitalGO RefundGO Street2023A ## ReconstructionReconstructionImprovementImprovementReconstructionCapital Equipment ## BondBondBondBondBondCertificatesTotals 89,725$ 111,098$ 124,230$ 822,875$ 1,062,291$ 183,777$ 2,925,043$ 5,200 15,058 – – – – 53,336 – – – – – – 338,510 1,044 2,445 769 8,336 8,600 1,290 60,026 109 – – – – 129 96,078 128,601 124,999 831,211 1,070,891 185,067 3,377,044 90,000 125,000 – 955,000 550,000 115,000 2,640,000 7,401 16,032 122,156 186,591 488,691 66,081 993,198 97,401 141,032 122,156 1,141,591 1,038,691 181,081 3,633,198 (1,323) (12,431) 2,843 (310,380) 32,200 3,986 (256,154) – – 40,000 300,369 – 45,000 385,369 – – – – – – (385,369) – – 40,000 300,369 – 45,000 – (1,323) (12,431) 42,843 (10,011) 32,200 48,986 (256,154) 8,771 39,261 18,870 84,995 105,834 5,831 878,907 7,448$ 26,830$ 61,713$ 74,984$ 138,034$ 54,817$ 622,753$ 129 ## PAGE INTENTIONALLY LEFT BLANK 130 Public Facilities Construction Fund–usedtoaccount for the resourcestobe used for land acquisition and the construction of public utilities. Equipment Revolving Fund–usedtoaccount for resourcestofinance the replacement of city equipment, vehicles, and/or building facilities. ## NONMAJOR CAPITAL PROJECTS FUNDS Public Improvement Revolving Fund–usedtoaccount for the resourcestobe usedtofinance the City's share of the annual street maintenance program. Nonmajor Capital Projects Funds are usedtoaccount for financial resourcestobe used for the acquisition or construction of major capital facilities. Trott Brook Cemetery Perpetual Care Fund–usedtoaccount for perpetual care fees collected on the sale of cemetery plots in Trott Brook Cemetery. Parking Ramp Maintenance Fund–usedtoaccount for all expenditures that the City incurstooperate, maintain, and repair the parking ramp with costs to be allocated to the affected users. 131 ## PublicTrott Brook Parking ## ImprovementCemetery Ramp ## RevolvingPerpetual CareMaintenance ## Assets Cash and temporary investments4,592,271$ 98,770$ 281,520$ ## Receivables Unremitted special assessments620 – – Delinquent special assessments2,242 – – Deferred special assessments60,973 – – Advances to other funds175,000 – – Total assets4,831,106$ 98,770$ 281,520$ ## Liabilities Accounts and contracts payable–$ –$ 5,356$ Due to other governmental units– – – Unearned revenue– – – Advances from other funds– – – Total liabilities– – 5,356 Deferred inflows of resources Unavailable revenue - special assessments63,215 – – Fund balances Assigned4,767,891 98,770 276,164 Total liabilities, deferred inflows of resources, and fund balances 4,831,106$ 98,770$ 281,520$ - - - ## CITY OF RAMSEY ## Nonmajor Capital Project Funds ## Combining Balance Sheet December 31, 2025 132 ## Equipment Public Facilities ## Revolving ConstructionTotals 731,813$ 945,402$ 6,649,776$ – – 620 – – 2,242 – – 60,973 1,279,009 – 1,454,009 2,010,822$ 945,402$ 8,167,620$ –$ –$ 5,356$ – – – – – – – 137,761 137,761 – 137,761 143,117 – – 63,215 2,010,822 807,641 7,961,288 2,010,822$ 945,402$ 8,167,620$ - 133 ## PublicTrott Brook Parking ## ImprovementCemetery Ramp ## RevolvingPerpetual CareMaintenance ## Revenue Property taxes–$ –$ –$ Special assessments11,487 – – Other revenue Investment earnings 177,337 3,881 7,507 Miscellaneous429 5,800 152,231 Total revenue189,253 9,681 159,738 ## Expenditures ## Current General government– – 112,938 Highways and streets 696,054 – – Capital outlay– – – Debt service Interest– – – Total expenditures696,054 – 112,938 Excess (deficiency) of revenue over expenditures(506,801) 9,681 46,800 Other financing sources (uses) Transfers in 695,414 – – Transfers (out)(432,200) – – Total other financing sources263,214 – – Net change in fund balances (243,587) 9,681 46,800 Fund balances Beginning of year5,011,478 89,089 229,364 End of year4,767,891$ 98,770$ 276,164$ ## Combining Statement of Revenue, Expenditures, and Changes in Fund Balances ## Year Ended December 31, 2025 ## CITY OF RAMSEY ## Nonmajor Capital Project Funds 134 ## Equipment Public Facilities ## Revolving ConstructionTotals –$ 44,520$ 44,520$ – – 11,487 49,216 34,443 272,384 20,000 – 178,460 69,216 78,963 506,851 14,525 64,318 191,781 – – 696,054 – 11,852 11,852 – 3,594 3,594 14,525 79,764 903,281 54,691 (801) (396,430) 433,788 143,742 1,272,944 (368,000) – (800,200) 65,788 143,742 472,744 120,479 142,941 76,314 1,890,343 664,700 7,884,974 2,010,822$ 807,641$ 7,961,288$ 135 ## PAGE INTENTIONALLY LEFT BLANK 136 ## STATISTICAL SECTION (UNAUDITED) 137 ## PAGE INTENTIONALLY LEFT BLANK 138 ## STATISTICAL SECTION This part of the City of Ramsey's annual comprehensive 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. ## ContentsPage ## Financial Trends These schedules contain trend information to help the reader understand140-145 how the government's financial performance and well-being have changed over time. ## Revenue Capacity These schedules contain information to help the reader assess the government's 146-149 most significant local revenue source, the property tax. ## Debt Capacity 150-153 ## Demographic and Economic Information These schedules offer demographic and economic indicators to help the154-155 reader understand the environment within which the government's financial activities take place. ## Operating Information These schedules contain service and infrastructure data to help the reader156-158 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 annual comprehensive financial reports for the relative year. These schedules present information to help the reader assess the affordability of the government's current levels of outstanding debt and the government's ability to issue additional debt in the future. 139 2016201720182019202020212022202320242025 Governmental activities Net investment in capital assets$42,170,710 $42,129,791 $43,551,135 $44,658,317 $52,756,077 $57,322,004 $63,796,121 $66,959,661 $72,783,568 $82,689,945 Restricted18,323,930 19,679,434 20,935,216 21,006,537 18,957,706 19,886,753 20,624,484 18,598,778 14,022,396 11,974,763 Unrestricted13,832,461 13,559,175 15,666,889 16,759,261 22,499,652 22,741,842 23,405,779 26,728,758 36,934,626 38,618,625 Total governmental activities net position$74,327,101 $75,368,400 $80,153,240 $82,424,115 $94,213,435 $99,950,599 $107,826,384 $112,287,197 $123,740,590 $133,283,333 Business-type activities Net investment in capital assets$51,959,594 $53,855,285 $53,653,338 $55,575,211 $56,166,921 $57,940,442 $63,486,708 $71,932,644 $95,749,335 $112,202,886 Unrestricted35,953,541 38,306,851 43,024,292 46,993,793 44,568,513 48,126,205 43,879,636 44,232,074 32,212,510 26,375,618 Total business-type activities net position$87,913,135 $92,162,136 $96,677,630 $102,569,004 $100,735,434 $106,066,647 $107,366,344 $116,164,718 $127,961,845 $138,578,504 Total government Net investment in capital assets$94,130,304 $95,985,076 $97,204,473 $100,233,528 $108,922,998 $115,262,446 $127,282,829 $138,892,305 $168,532,903 $194,892,831 Restricted18,323,930 19,679,434 20,935,216 21,006,537 18,957,706 19,886,753 20,624,484 18,598,778 14,022,396 11,974,763 Unrestricted49,786,002 51,866,026 58,691,181 63,753,054 67,068,165 70,868,047 67,285,415 70,960,832 69,147,136 64,994,243 Total government net position$162,240,236 $167,530,536 $176,830,870 $184,993,119 $194,948,869 $206,017,246 $215,192,728 $228,451,915 $251,702,435 $271,861,837 ## Net Position by Component ## City of Ramsey ## Fiscal Year (accrual basis of accounting) ## Last Ten Fiscal Years 140 2016201720182019202020212022202320242025 ## Expenses Governmental activities: General government$4,528,920 $4,992,809 $5,078,516 $5,139,352 $5,640,679 $4,568,229 $4,967,112 $5,347,691 $5,645,480 $6,126,045 Public safety5,875,567 5,782,563 5,167,897 5,844,265 6,468,397 6,363,724 7,989,480 8,717,911 8,894,134 9,597,991 Highways and streets3,826,143 4,254,234 4,191,395 4,442,720 4,028,294 4,686,416 5,308,212 8,670,486 7,783,629 9,194,282 Culture and recreation1,931,537 2,384,845 1,751,345 1,756,810 1,917,228 1,834,153 1,997,522 2,194,755 2,430,888 2,682,150 Economic development- - - - 481,858 2,140,267 1,096,422 1,705,446 1,488,674 1,342,690 Interest and fiscal charges890,305 952,965 883,292 845,651 839,444 883,504 564,462 1,258,959 1,317,942 1,134,749 Total governmental activities expenses17,052,472 18,367,416 17,072,445 18,028,798 19,375,900 20,476,293 21,923,210 27,895,248 27,560,747 30,077,907 Business-type activities: Water utility1,489,070 1,396,021 1,590,737 1,483,584 1,657,356 1,772,358 1,895,776 2,062,314 2,243,736 2,360,896 Sewer utility1,438,141 1,535,664 1,523,670 1,631,260 1,723,238 1,742,380 1,947,356 2,209,802 2,411,209 2,539,590 Street light utility176,732 159,378 160,952 171,619 169,463 178,576 172,765 173,924 167,123 216,126 Recycling utility359,418 373,775 380,055 380,192 366,764 507,067 514,231 527,182 549,993 580,435 Storm water utility742,043 633,101 573,878 590,645 777,252 715,349 791,605 864,721 1,022,935 1,198,990 Total business-type activities4,205,404 4,097,939 4,229,292 4,257,300 4,694,073 4,915,730 5,321,733 5,837,943 6,394,996 6,896,037 Total government expenses$21,257,876 $22,465,355 $21,301,737 $22,286,098 $24,069,973 $25,392,023 $27,244,943 $33,733,191 $33,955,743 $36,973,944 ## Program Revenues Governmental activities: Charges for services: General government$457,901 $571,464 $691,819 $640,173 $534,279 $574,117 $676,862 $759,513 $923,139 $929,249 Public safety698,310 878,141 1,168,258 1,098,016 974,955 1,010,111 911,592 1,109,495 1,667,291 1,521,500 Highways and streets261,658 235,020 229,555 214,272 259,161 311,408 315,999 494,732 509,082 502,436 Culture and recreation483,727 585,033 1,355,365 926,530 373,669 1,126,441 13,869 37,474 55,875 42,710 Operating grants and contributions508,694 379,185 368,099 461,826 603,389 774,960 707,228 2,004,445 996,098 1,349,233 Capital grants and contributions3,809,965 5,026,857 4,765,578 3,434,344 4,930,496 5,637,619 9,697,841 5,163,608 9,887,748 9,265,973 Total governmental activities program revenues6,220,255 7,675,700 8,578,674 6,775,161 7,675,949 9,434,656 12,323,391 9,569,267 14,039,233 13,611,101 Business-type activities: Charges for services: Water utility1,953,478 2,772,003 3,484,687 2,138,209 2,541,651 3,057,474 2,962,563 3,574,961 3,168,402 3,610,668 Sewer utility1,458,250 1,784,755 2,182,944 1,672,072 1,714,469 1,805,614 1,876,957 1,994,465 2,425,906 2,560,621 Street light utility196,253 204,418 211,360 217,169 216,545 222,364 230,392 234,607 242,950 257,712 Recycling utility308,052 310,471 317,090 319,940 319,664 440,097 452,107 456,106 468,514 483,595 Storm water utility1,034,552 958,960 1,057,705 1,168,494 1,164,868 1,197,572 1,230,582 1,252,659 1,350,416 1,589,573 Operating grants and contributions67,100 92,602 72,257 67,961 57,865 73,524 57,700 100,369 88,200 70,390 Capital grants and contributions1,799,057 1,864,137 906,190 2,596,210 1,683,338 3,756,359 4,839,693 3,949,772 7,812,542 6,732,029 Total business-type activities program revenues6,816,742 7,987,346 8,232,233 8,180,055 7,698,400 10,553,004 11,649,994 11,562,939 15,556,930 15,304,588 Total government program revenues$13,036,997 $15,663,046 $16,810,907 $14,955,216 $15,374,349 $19,987,660 $23,973,385 $21,132,206 $29,596,163 $28,915,689 Net (expense)/revenue Governmental activities$(10,832,217) $(10,691,716) $(8,493,771) $(11,253,637) $(11,699,951) $(11,041,637) $(9,599,819) $(18,325,981) $(13,521,514) $(16,466,806) Business-type activities2,611,338 3,889,407 4,002,941 3,922,755 3,004,327 5,637,274 6,328,261 5,724,996 9,161,934 8,408,551 Total government net expense$(8,220,879) $(6,802,309) $(4,490,830) $(7,330,882) $(8,695,624) $(5,404,363) $(3,271,558) $(12,600,985) $(4,359,580) $(8,058,255) ## General Revenues and Other Changes in Net Position Governmental activities: Property taxes$10,674,696 $11,136,810 $12,384,300 $12,894,388 $13,744,948 $14,761,012 $17,637,477 $20,126,982 $23,041,341 $23,699,395 Franchise fees- - - - 423,045 2,071,476 4,859 - - - General grants and contributions3,905 3,586 102,994 5,617 2,053,933 2,963 3,644 3,223 3,760 135,308 Investment earnings (charges)280,597 454,089 578,770 1,122,573 1,035,274 (164,122) (286,023) 2,562,165 2,530,184 2,084,759 Gan on sale of capital assets– 5,530 75,047 8,428 2,372 22,325 22,500 20,000 94,090 55,075 Transfers214,445 133,000 137,500 (506,494) 6,229,699 85,147 93,147 74,424 (694,468) 35,012 Total governmental activities11,173,643 11,733,015 13,278,611 13,524,512 23,489,271 16,778,801 17,475,604 22,786,794 24,974,907 26,009,549 Business-type activities: Investment earnings (charges)325,628 492,594 650,053 1,462,125 1,391,802 (220,914) (4,935,417) 3,147,802 1,940,725 2,243,120 Transfers(214,445) (133,000) (137,500) 506,494 (6,229,699) (85,147) (93,147) (74,424) 694,468 (35,012) Total business-type activities111,183 359,594 512,553 1,968,619 (4,837,897) (306,061) (5,028,564) 3,073,378 2,635,193 2,208,108 Total government$11,284,826 $12,092,609 $13,791,164 $15,493,131 $18,651,374 $16,472,740 $12,447,040 $25,860,172 $27,610,100 $28,217,657 ## Change in Net Position Governmental activities$341,426 $1,041,299 $4,784,840 $2,270,875 $11,789,320 $5,737,164 $7,875,785 $4,460,813 $11,453,393 $9,542,743 Business-type activities2,722,521 4,249,001 4,515,494 5,891,374 (1,833,570) 5,331,213 1,299,697 8,798,374 11,797,127 10,616,659 Total government$3,063,947 $5,290,300 $9,300,334 $8,162,249 $9,955,750 $11,068,377 $9,175,482 $13,259,187 $23,250,520 $20,159,402 (accrual basis of accounting) ## Fiscal Year ## Last Ten Fiscal Years ## Changes in Net Position ## City of Ramsey 141 ## Property Tax ## Fiscal Year ## Ad ValoremTax IncrementFranchise FeesTotal 2016 9,974,695$ 700,001$ -$ 10,674,696$ 2017 10,423,864 712,946 - 11,136,810 2018 11,400,536 983,764 - 12,384,300 2019 11,819,552 1,074,836 - 12,894,388 2020 12,515,773 1,229,175 423,045 14,167,993 2021 13,006,098 1,754,914 2,071,476 16,832,488 2022 15,648,606 1,988,871 4,859 17,642,336 2023 18,262,335 1,864,647 - 20,126,982 2024 19,752,163 3,289,178 - 23,041,341 2025 21,504,747 2,194,648 - 23,699,395 Franchise fees were implemented in 2020 with a full year of collections in 2021. The franchise fee was rescinded for year beginning 2022. (accrual basis of accounting) ## Last Ten Fiscal Years ## Governmental Activities Tax Revenues By Source ## City of Ramsey 142 2016201720182019202020212022202320242025 General fund Nonspendable$15,431 $12,393 $21,335 $23,640 $16,849 $36,195 $30,636 $28,616 $13,012 $26,466 Unassigned7,501,962 7,900,225 8,468,792 8,856,806 10,073,204 10,413,294 11,064,416 12,237,299 13,311,361 14,436,283 Total general fund$7,517,393 $7,912,618 $8,490,127 $8,880,446 $10,090,053 $10,449,489 $11,095,052 $12,265,915 $13,324,373 $14,462,749 Nonspendable$450 $920 $1,205 $1,801 $295 $52 $6,274 $4,755 $1,044 $2,993 Restricted18,377,993 18,187,321 19,369,642 19,957,595 27,518,666 17,331,642 30,308,803 29,623,622 14,953,404 11,000,150 Committed1,041,932 1,226,234 1,631,444 1,184,262 1,326,070 1,611,150 1,682,136 1,932,107 1,514,777 1,891,396 Assigned13,331,150 13,394,815 14,094,178 15,297,043 18,886,283 17,358,673 18,344,251 20,878,473 29,749,235 30,327,916 Unassigned(87,659) – – – – – – – – – Total all other governmental funds$32,663,866 $32,809,290 $35,096,469 $36,440,701 $47,731,314 $36,301,517 $50,341,464 $52,438,957 $46,218,460 $43,222,455 (modified accrual basis of accounting) ## Fiscal Year ## Last Ten Fiscal Years ## Fund Balances of Governmental Funds ## City of Ramsey 143 2016201720182019202020212022202320242025 ## Revenues Property taxes$10,684,896 $11,150,611 $12,416,534 $12,872,234 $13,682,348 $14,846,572 $17,632,758 $19,751,514 $23,350,614 $23,677,388 Franchise fees- - - - 423,045 2,071,476 4,859 - - - Special assessments444,235 959,217 559,599 1,025,527 484,810 766,131 104,223 562,227 105,484 81,689 Licenses and permits526,008 732,129 1,031,944 901,222 850,504 917,645 843,010 1,058,097 1,610,437 1,446,884 Intergovernmental revenue1,795,988 2,213,034 2,947,966 1,518,639 5,793,188 1,610,478 6,223,407 5,526,102 3,455,486 3,664,694 Charges for services1,298,085 1,469,703 2,355,969 1,892,517 1,246,378 2,038,120 1,852,610 1,301,177 1,508,990 1,481,591 Contributions- - - - - - - 779,800 2,481,859 781,064 Fines and forfeits66,410 59,701 46,651 49,479 34,735 51,153 45,717 39,681 8,603 53,017 Investment earnings (charges)276,142 447,200 570,243 1,104,969 1,020,655 (161,690) (282,114) 2,542,431 2,509,879 2,065,296 Other773,836 707,675 765,601 1,036,319 842,747 1,064,495 1,490,779 813,340 1,363,671 802,213 Total Revenues15,865,600 17,739,270 20,694,507 20,400,906 24,378,410 23,204,380 27,915,249 32,374,369 36,395,023 34,053,836 ## Expenditures General government3,537,925 4,031,933 4,212,365 4,358,408 4,849,293 3,941,404 4,047,511 4,455,734 4,881,806 5,479,491 Public safety4,234,482 4,727,493 4,788,902 5,360,402 5,967,770 6,415,511 6,829,377 7,412,982 8,160,476 8,865,263 Highways and streets2,199,615 2,542,463 2,390,707 2,528,216 2,068,827 2,164,326 2,497,987 5,552,834 4,054,306 4,787,571 Culture and recreation1,478,090 1,960,624 1,291,816 1,281,153 1,476,727 1,417,251 1,467,113 1,679,826 1,883,848 2,044,948 Economic development- - - - 481,858 2,140,267 1,096,422 1,705,446 1,488,674 1,342,690 Capital outlay2,756,193 1,922,947 3,568,285 1,505,922 7,406,231 16,026,400 6,857,075 13,278,567 15,862,434 9,174,063 Debt service Principal1,735,000 2,085,000 2,100,000 2,280,000 4,045,000 1,930,000 1,915,000 2,495,000 2,940,000 2,980,000 Interest965,474 967,281 923,125 854,188 873,623 851,152 640,244 1,249,179 1,685,140 1,327,526 Total Expenditures16,906,779 18,237,741 19,275,200 18,168,289 27,169,329 34,886,311 25,350,729 37,829,568 40,956,684 36,001,552 Excess (deficiency) of revenues over expenditures(1,041,179) (498,471) 1,419,307 2,232,617 (2,790,919) (11,681,931) 2,564,520 (5,455,199) (4,561,661) (1,947,716) Other financing sources (uses) Debt issued1,650,000 895,000 1,175,000 – 9,055,000 – 10,765,000 8,315,000 – – Refunding debt issued– – – – – 9,845,000 – – – – Payments on refunded debt– – – – – (10,510,000) – – – – Premium on debt issues69,482 5,590 35,246 – 4,068 809,201 1,240,343 314,131 – – Proceeds on sale of capital assets– 5,530 75,047 8,428 2,372 46,443 46,443 20,000 94,090 55,075 Transfers in2,183,931 1,536,025 1,447,137 1,714,327 11,238,331 2,049,840 2,049,840 2,028,162 6,680,170 5,645,763 Transfers (out)(1,418,350) (1,403,025) (1,287,049) (2,220,821) (5,008,632) (1,628,914) (1,628,914) (1,953,738) (7,374,638) (5,610,751) Total other financing sources (uses)2,485,063 1,039,120 1,445,381 (498,066) 15,291,139 611,570 12,472,712 8,723,555 (600,378) 90,087 Net change in fund balances$1,443,884 $540,649 $2,864,688 $1,734,551 $12,500,220 $(11,070,361) $15,037,232 $3,268,356 $(5,162,039) $(1,857,629) Debt service as a percentage of noncapital expenditures19.08%18.71%19.25%18.81%24.89%14.75%13.82%15.25%18.43%16.06% (modified accrual basis of accounting) ## Last Ten Fiscal Years ## Changes in Fund Balances of Governmental Funds ## City of Ramsey ## Fiscal Year 144 ## Property TaxFranchise ## Fiscal Year ## Ad ValoremTax Increment ## FeesTotal 20169,984,895$ 700,001$ -$ 10,684,896$ 201710,437,665 712,946 - 11,150,611 201811,432,770 983,764 - 12,416,534 201911,797,398 1,074,836 - 12,872,234 202012,453,173 1,229,175 423,045 14,105,393 202113,091,658 1,754,914 2,071,476 16,918,048 202215,643,887 1,988,871 4,859 17,637,617 202317,886,867 1,864,647 - 19,751,514 202420,061,436 3,289,178 - 23,350,614 202521,482,740 2,194,648 - 23,677,388 Franchise fees were implemented in 2020 with a full year of collections in 2021. The franchise fee was rescinded for year beginning 2022. (modified accrual basis of accounting) ## Last Ten Fiscal Years ## General Governmental Tax Revenues By Source ## City of Ramsey 145 ## FiscalTotalTax Capacity ## YearReal PropertyPersonal PropertyTotal TaxableTaxDirectEstimatedValue as a ## EndedResidential CommercialMarketCapacityTaxActualPercentage of ## Dec 31PropertyPropertyOtherValueValueRateValueMarket Value 20141,362,070,464$ 245,491,800$ 17,567,700$ 1,625,129,964$ 19,356,717$ 44.2371,795,975,400$ 1.19% 20161,680,308,461$ 259,553,800$ 20,929,000$ 1,960,791,261$ 22,262,546$ 43.3162,116,664,200$ 1.14% 20171,788,112,555 272,746,700 21,166,600 2,082,025,855 23,635,124 42.4542,236,219,500 1.14% 20182,017,773,356 276,246,500 24,178,500 2,318,198,356 26,075,064 41.7302,460,843,300 1.12% 20192,173,440,579 298,573,500 27,720,100 2,499,734,179 28,214,447 40.3552,645,430,600 1.13% 20202,364,387,414 320,472,500 29,789,700 2,714,649,614 30,594,502 39.5922,856,636,800 1.13% 20212,546,762,283 332,693,800 31,551,800 2,911,007,883 32,823,984 39.2513,043,492,300 1.13% 20222,814,558,929 377,854,900 30,903,900 3,223,317,729 36,435,817 42.2393,345,686,400 1.13% 20233,561,238,647 440,521,400 30,296,000 4,032,056,047 45,290,995 40.4294,124,767,000 1.12% 20243,725,554,018 643,059,500 29,174,400 4,397,787,918 51,107,789 41.4304,498,605,200 1.16% 20253,671,654,312 650,275,400 37,246,900 4,359,176,612 50,609,145 46.2144,528,945,500 1.16% Note: The tax capacity value of property is calculated by applying a statutory formula to the estimated market value of the property. Source: Anoka County records were the source of taxable market value and estimated actual values. ## City of Ramsey Tax Capacity, Market Value, and Estimated Actual Value of Taxable Property ## Last Ten Fiscal Years 146 ## City of RamseyCountySchool DistrictOtherTotal GeneralDebtTotalSpecialDirect &Direct & ## FiscalOperatingServiceCityAnokaISD ISDTaxingOverlappingOverlapping YearLevyLevyLevyCountyNo 11No 728Districts (3)Rates-ISD No 11Rates-ISD No 728 Tax rates per $100 of tax capacity 201437.073 7.164 44.237 44.495 28.265 51.286 6.031 123.028 146.049 201636.185 7.131 43.316 39.398 20.885 39.266 5.448 109.047 127.428 201735.564 6.890 42.454 37.273 18.590 36.659 5.087 103.404 121.473 201834.830 6.900 41.730 35.820 18.392 36.137 4.902 100.844 118.589 201934.483 5.872 40.355 34.908 16.330 32.865 4.619 96.212 112.747 202034.063 5.529 39.592 33.483 16.948 34.371 4.361 94.384 111.807 202133.882 5.369 39.251 31.567 16.152 31.717 4.236 91.206 106.771 202237.131 5.108 42.239 29.605 16.319 30.889 4.063 92.226 106.796 202333.224 7.205 40.429 24.482 13.671 26.605 3.508 82.090 95.024 202434.514 6.916 41.430 25.629 13.592 23.924 3.481 84.132 94.464 202539.905 6.309 46.214 30.245 13.598 25.252 3.590 93.647 105.301 ## Source: Anoka County records (1) Information reflects total tax rates levied by each entity. Tax rates are expressed as a percent of "net tax capacity." A property's tax capacity is determined by multiplying its taxable market value by a state-determined class rate. Class rates vary by property type and change periodically based on state legislation. (2) Overlapping rates are those of local and county governments that apply to property owners within the City of Ramsey. Not all overlapping rates apply to all City of Ramsey property owners (e.g., the rates for special districts may apply only to the proportion of the government's property owners whose property is located within the geographic boundaries of the special district.) (3) Other taxing districts include the Metropolitan Council, Regional Transit Area, Mosquito Control, and the Anoka County Regional Railroad Authority. ## City of Ramsey ## Property Tax Rates (1) ## Direct and Overlapping (2) Governments ## Last Ten Fiscal Years 147 Percentage ofPercentage of ## TaxableTotal TaxableTaxableTotal Taxable ## MarketMarketMarketMarket ## TaxpayerValueRankValueValueRankValue Residence at the COR Apartments43,000,000$ 1 0.99%27,019,400$ 1 1.38% Affinity at Ramsey, LLC32,468,000 2 0.74%– – N/A AMP Ex, LLC24,426,900 3 0.56%– – N/A Minnegaso Inc.23,899,200 4 0.55%6,531,300 8 0.33% Parkview East, LLC22,506,000 5 0.52%– – N/A Sapphire Apartments22,000,000 6 0.50%– – N/A Ramsey Industrial - Oppidan Building 219,247,300 7 0.44%– – N/A Ramsey Industrial - Oppidan Building 119,202,400 8 0.44%– – N/A Life Fitness LLC18,800,000 9 0.43%– – N/A Knoll Properties16,500,000 10 0.38%– – N/A Connexus Energy/Anoka Electric– – N/A15,020,600 2 0.77% ## PSD, LLC– – N/A10,553,600 3 0.54% S & A Partners, LLC– – N/A9,371,200 4 0.48% Sophia-Ramsey LLC– – N/A8,373,900 5 0.40% Brunswick Corporation– – N/A7,966,700 6 0.41% Northstar Marketplace Station– – N/A7,415,900 7 0.38% Vision Ease/Insight Equity APX– – N/A5,724,900 9 0.29% Zero-Zone Refrigeration– – N/A4,385,100 10 0.22% Total principal property taxpayers242,049,800$ 5.54%102,362,600$ 5.20% ## Source: County Board of Equalization and Assessment ## N/A - Not Applicable 20252016 ## Current Year And Nine Years Ago ## Principal Property Taxpayers ## City of Ramsey 148 ## Fiscal YearTotal TaxCollected within the EndedLevy forFiscal Year of the Levy (2)Collections inTotal Collections to Date ## December 31Fiscal YearAmountPercentage of LevySubsequent YearsAmountPercentage of Levy 20169,971,075$ 9,890,058$ 99.19%78,968$ 9,969,026$ 99.98% 201710,479,058 10,409,108 99.33%66,750 10,475,858 99.97% 201811,374,395 11,314,369 99.47%54,109 11,368,478 99.95% 201911,831,335 11,736,217 99.20%79,229 11,815,446 99.87% 202012,509,232 12,405,409 99.17%99,386 12,504,795 99.96% 202113,009,808 12,956,334 99.59%49,258 13,005,592 99.97% 202215,312,856 15,230,344 99.46%63,543 15,293,887 99.88% 202318,235,180 18,042,487 98.94%55,542 18,098,029 99.25% 202420,279,701 20,155,145 99.39%– 20,155,145 99.39% 202521,950,694 21,507,139 97.98%– 21,507,139 97.98% ## Source: Anoka County records (1) Includes general, debt service and EDA levy. (2) Includes property tax credit collections shown in intergovernmental revenue. ## City of Ramsey ## Property Tax Levies and Collections (1) ## Last Ten Fiscal Years 149 ## Governmental Activities ## Fiscal ## Year ## General ## Obligation ## Bonded Debt ## Unamortized ## Bond ## Premiums ## Capital ## Equipment ## Certificates ## Total Primary ## Government ## Percentage of Personal ## Income(1) ## Per ## Capita(1) 201627,120,000$ -$ 1,165,000$ 28,285,000$ 3.28%1,093$ 201726,075,000 - 1,020,000 27,095,000 2.93%1,032 201825,295,000 - 875,000 26,170,000 2.77%989 201923,165,000 - 725,000 23,890,000 2.30%883 202028,325,000 - 575,000 28,900,000 2.75%1,060 202125,885,000 795,714 420,000 27,100,714 2.57%970 202234,895,000 1,951,694 260,000 37,106,694 3.12%1,301 202339,480,000 2,099,612 1,495,000 43,074,612 3.29%1,500 202436,740,000 1,915,176 1,295,000 39,950,176 3.10%1,385 202533,875,000 1,730,740 1,180,000 36,785,740 2.72%1,268 Note: Details regarding the city's outstanding debt can be found in the notes to the basic financial statements. (1) See the Schedule of Demographic and Economic Statistics for personal income and population data. ## Last Ten Fiscal Years ## Ratios of Outstanding Debt by Type ## City of Ramsey 150 Percentage of ## Total ## General UnamortizedCapital Less: AmountsTaxable Market FiscalObligationBondEquipmentAvailable in DebtValue ofPer ## YearBondsPremiumsCertificatesService Fund (3)TotalProperty(1)Capita(2) 201627,120,000$ -$ 1,165,000$ 1,778,495$ 26,506,505$ 1.35%1,025$ 201726,075,000 - 1,020,000 2,380,281 24,714,719 1.19%941 201825,295,000 - 875,000 2,573,517 23,596,483 1.02%892 201923,165,000 - 725,000 2,749,577 21,140,423 0.85%781 202028,325,000 - 575,000 1,422,444 27,477,556 1.01%1,008 202125,885,000 795,714 420,000 977,067 26,123,647 0.90%935 202234,895,000 1,951,694 260,000 713,656 36,393,038 1.13%1,276 202339,480,000 2,099,612 1,495,000 780,840 42,293,772 1.05%1,473 202436,740,000 1,915,176 1,295,000 878,907 39,071,269 0.89%1,354 202533,875,000 1,730,740 1,180,000 622,753 36,162,987 0.83%1,246 Note: Details regarding the city's outstanding debt can be found in the notes to the basic financial statements. (1) See the Schedule of Assessed Value and Estimated Actual Value of Taxable Property for property value data. (2) Population data can be found in the Schedule of Demographic and Economic Statistics. (3) The City is using governmental fund balance restricted for debt service. We believe this to be the best amount available to present a consistent net amount when refunding bonds are held for payment, which are not restricted on entity-wide statements due to conversion for full accrual accounting. ## Last Ten Fiscal Years ## Ratios of General Bonded Debt Outstanding ## City of Ramsey 151 ## Estimated EstimatedShare of ## DebtPercentageOverlapping ## Governmental UnitOutstandingApplicable(1)Debt Debt repaid with property taxes: ## Anoka County$53,310,000 7.95%$4,239,733 ## ISD No. 11, Anoka-Hennepin223,625,000 10.63%23,772,355 ## ISD No. 728, Elk River280,715,000 3.17%8,899,473 ## Metropolitan Council202,510,308 0.78%1,574,621 Subtotal, overlapping debt38,486,183 City of Ramsey direct debt36,785,740 100.00%36,785,740 Total direct and overlapping debt$75,271,923 Note: Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the city. 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 Ramsey. This process recognizes that, when considering the government's ability to issue and repay long-term debt, the entire debt 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) The percentage of overlapping debt applicable is estimated using taxable assessed property values. Applicable percentages were estimated by determining the portion of the county's taxable assessed value that is within the city's boundaries and dividing it by the county's total taxable assessed value. Sources: Assessed value data used to estimate applicable percentages provided by the County Board of Equali- zation and Assessment. Debt outstanding data provided by the county. As of December 31, 2025 ## Direct and Overlapping Governmental Activities Debt ## City of Ramsey 152 2016201720182019202020212022202320242025 Debt Limit$62,348,919 $65,840,919 $72,493,821 $77,913,726 $81,439,488 $87,330,236 $96,699,532 $120,961,681 $131,933,638 $130,775,298 Total net debt applicable to limit18,316,143 17,454,836 16,444,851 15,298,888 23,195,703 21,803,268 31,697,237 38,256,461 36,085,530 33,847,671 Legal debt margin$44,032,776 $48,386,083 $56,048,970 $62,614,838 $58,243,785 $65,526,968 $65,002,295 $82,705,220 $95,848,108 $96,927,627 Total net debt applicable to limit as a percentage of debt limit29.38%26.51%22.68%19.64%28.48%24.97%32.78%31.63%27.35%25.88% ## Taxable Market value$4,359,176,612 Debt limit (3% of market value)130,775,298 Debt applicable to limit: Total bonded debt and certificates$35,055,000 ## Less: Obligations issued with special assessments(740,000) ## Amounts available in respective Debt Service Funds(467,329) Total deductions(1,207,329) 33,847,671 Legal debt margin$96,927,627 Note: Under state finance law, the City of Ramsey's outstanding general obligation debt should not exceed 3 percent of total taxable market value. By law, the general obligation debt subject to the limitation may be offset by amounts set aside for repaying general obligation bonds. ## Legal Debt Margin Calculation for Fiscal Year 2025 ## Last Ten Fiscal Years ## Legal Debt Margin Information ## City of Ramsey ## Fiscal Year 153 ## Per ## Capita ## FiscalPersonalPersonalSchoolUnemployment YearPopulation (1)Income (2)Income (3)Enrollment (4)Rate (5) 201625,868 863,189,292$ 33,369$ 5,217 3.7% 201726,251 925,584,009 35,259 5,410 3.1% 201826,462 945,222,640 35,720 5,449 3.2% 201927,051 1,037,649,309 38,359 5,464 3.1% 202027,263 1,049,407,396 38,492 5,395 4.6% 202127,946 1,178,426,928 42,168 5,346 2.4% 202228,520 1,264,862,000 44,350 6,160 2.6% 202328,712 1,308,434,552 45,571 6,027 2.2% 202428,850 1,290,172,000 44,720 6,892 3.0% 202529,012 1,352,597,464 46,622 6,749 4.3% (2) Calcul ated bas ed on P er Capita Personal Income (Anoka County average) times Ramsey population. (3) U.S. Department of Commerce, Bureau of Economic Analysis - Anoka County Average. (5) Minnesota Department of Employment and Economic Development. (1) Calculated based on census data and City of Ramsey community development estimates. (4) Source: US Census Bureau. Anoka-Hennepin School District #11 and Elk River School District #728. Only includes schools located in Ramsey City limits. ## Last Ten Fiscal Years ## Demographic and Economic Statistics ## City of Ramsey 154 2025 ## EmployerRank ## Rank ## Life Fitness/Parabody Inc.363 1 4.82%460 1 7.48% ## BMC/Hoya Vision Ease/Care301 2 4.00%300 2 4.88% ISD No. 11 (located in Ramsey)275 3 3.65%126 7 2.05% ## Anderson & Dahlen (Knoll Properties)269 4 3.57%150 5 2.44% ## Pact Charter School233 5 ## 3.09%– – N/A ## Showdown Displays228 6 3.03%252 3 4.10% ## Connexus Energy/Anoka Electric218 7 2.89%250 4 4.07% ## Green Valley Greenhouse208 8 ## 2.76%– – N/A ## Zero Zone Refrigeration207 9 ## 2.75%– – N/A ## Delta ModTech205 10 ## 2.72%– – N/A Coborns– – N/A130 6 2.11% Ham Lake Haulers– – N/A104 8 1.69% RJM Distributing– – N/A100 9 1.63% City of Ramsey– – N/A86 10 1.40% Total2,507 33.28%1,958 31.85% ## * Source: City Inquiries with Businesses / Full-time Equivalent ## ** Source 2025 Q4: DEED Employment; Workforce 7,534 ## N/A - Not Applicable ## Current Year And Nine Years Ago ## Principal Employers ## City of Ramsey 2016 ## Employees*Employees* Percentage of ## Total City ## Employment** Percentage of ## Total City ## Employment 155 ## Function2016201720182019*202020212022202320242025 General government17.36 18.36 18.86 18.92 19.10 19.20 21.70 22.50 24.60 26.70 Public safety ## Police Officers24.00 26.26 26.26 27.00 27.00 29.00 29.00 30.00 30.00 30.00 Civilians4.00 3.50 3.50 4.74 4.84 5.52 6.13 6.13 6.13 6.63 ## Fire Firefighters and officers9.58 9.58 9.58 10.58 10.58 10.58 11.58 11.58 14.00 15.00 Civilians1.00 0.70 0.70 0.70 0.70 0.70 - - - - Protective Inspections3.75 3.75 3.25 2.81 2.81 3.82 4.85 4.85 5.20 5.50 Highways and streets Engineering7.00 7.00 6.00 6.00 6.00 6.00 6.00 7.00 8.00 8.00 Streets8.50 8.50 10.50 10.00 9.00 9.00 9.00 11.00 11.00 11.00 Maintenance5.00 5.00 5.00 3.13 3.13 3.50 3.50 3.63 3.00 3.00 Culture and recreation3.97 3.97 3.97 8.50 8.50 9.50 9.50 11.00 12.00 12.00 Water4.00 4.00 4.00 4.00 4.00 4.00 4.00 5.00 5.00 5.00 Total88.16 90.62 91.62 96.38 95.66 100.82 105.26 112.69 118.93 122.83 ## Source: City Budget documents * Beginning with 2019 reporting, several positions have moved between departments. ## Last Ten Fiscal Years ## Full-time Equivalent City Government Employees by Function ## City of Ramsey ## Fiscal Year 156 ## Function2016201720182019202020212022202320242025 ## Police* Number of arrests273255289331292331214269274318 ## Motor Vehicle Accidents289162466423335403468384387417 Traffic violations4,8552,9971,8121,2781,0941,2349549681,4811,513 ## Fire Number of calls answered4986988219751,1331,3011,3811,7352,0162,284 ## Inspections**1341581945082094144464486041,126 Highways and streets Street resurfacing (miles)19.8413.4115.4516.272.527.35.98.4611.369.35 Culture and recreation ## Park Acreage maintained571571571572572572572580589605 Trails/sidewalks maintained (miles)***5055559797100100119120120 ## Water Number of connections4,5104,6114,7774,8845,0385,2105,3705,5195,6505,954 Water main breaks1000000030 Average daily consumption (gallons)1,645,0271,923,2131,948,1611,755,5752,004,0242,402,7422,236,5452,483,0542,013,4052,261,400 ## Source: Various City departments * In 2019 the trails were mapped with GIS and provided a more accurateBeginning in 2018 new calculations and tracking processes were used for the Police statistics and are not able to be accurately used as comparisons to prior years. ** Beginning in 2019, inspections include all inspections done by Fire Department, including construction and building inspections. *** In 2019 the trails were mapped with GIS and provided a more accurate number. This basis will be used going forward. ## City of Ramsey ## Operating Indicators by Function ## Last Ten Fiscal Years ## Fiscal Year 157 ## Function2016201720182019202020212022202320242025 ## Public Safety ## Police: Stations1 1 1 1 1 1 1 1 1 1 Patrol units10 10 10 11 11 11 12 12 12 13 Fire stations2 2 2 2 2 2 2 2 2 2 Highways and streets Streets (miles) *183.27 184.70 186.01 186.59 187.80 188.55 189.85 190.27 190.47 192.16 Streetlights1,179 1,194 1,213 1,226 1,243 1,255 1,272 1,351 1,364 1,369 Culture and recreation Parks acreage585 585 585 586 586 586 586 587 603 619 Parks **38 38 38 39 39 39 39 39 40 41 Tennis/pickleball courts ***10 10 10 10 10 14 14 14 14 14 ## Water Water mains (miles)91 94 97 98 99 100 101 107 112 114 Fire hydrants1,047 1,079 1,100 1,150 1,160 1,194 1,239 1,260 1,300 1,315 Maximum daily capacity ****5,112,000 5,112,000 5,112,000 5,112,000 5,112,000 5,112,000 5,112,000 5,112,000 5,112,000 4,356,000 ## Sewer Sanitary sewers (miles)65 67 69 72 73 75 75 78 81 83 Storm sewers (miles)43 46 47 54 55 62 64 65 66 67 ## Source: Various City departments * Street (miles) were previously reported including unbuilt MSA segment roads. Beginning in 2019 they will be excluded. 2019 MSA roads = 4.81 miles ** The city has 40 total parks with 33 receiving some form of maintenance *** In 2021 pickleball courts were added. **** Maximum water city is able to produce in 12 hour period. Well #1 taken off-line in 2025. ## City of Ramsey ## Capital Asset Statistics by Function ## Last Ten Fiscal Years ## Fiscal Year 158 ## Management Report for ## City of Ramsey, Minnesota December 31, 2025 ## THIS PAGE INTENTIONALLY LEFT BLANK ## To the City Council and Management ## City of Ramsey, Minnesota We have prepared this management report in conjunction with our audit of the City of Ramsey, Minnesota’s (the City) financial statements for the year ended December 31, 2025. We have organized this report into the following sections: •Audit Summary ## •Governmental Funds Overview ## •General Fund Overview ## •Enterprise Funds Overview ## •Government-Wide Financial Statements •Accounting and Auditing Updates We would be pleased to further discuss any of the information contained in this report or any other concerns that you would like us to address. We would also like to express our thanks for the courtesy and assistance extended to us during the course of our audit. The purpose of this report is solely to provide those charged with governance of the City, management, and those who have responsibility for oversight of the financial reporting process comments resulting from our audit process and information relevant to city finances in Minnesota. Accordingly, this report is not suitable for any other purpose. Respectfully submitted, ## LB CARLSON, LLP ## Minneapolis, Minnesota June 1, 2026 ## THIS PAGE INTENTIONALLY LEFT BLANK -1- ## AUDIT SUMMARY The following is a summary of our audit work, key conclusions, and other information that we consider important or that is required to be communicated to the City Council, administration, or those charged with governance of the City. ## OUR RESPONSIBILITY UNDER AUDITING STANDARDS GENERALLY ACCEPTED IN THE UNITED ## STATES OF AMERICA AND GOVERNMENT AUDITING STANDARDS 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, 2025. Professional standards require that we provide you with information about our responsibilities under auditing standards generally accepted in the United States of America and Government Auditing Standards, as well as certain information related to the planned scope and timing of our audit. We have communicated such information to you verbally and in our audit engagement letter. Professional standards also require that we communicate the following information related to our audit. ## PLANNED SCOPE AND TIMING OF THE AUDIT We performed the audit according to the planned scope and timing previously discussed and coordinated in order to obtain sufficient audit evidence and complete an effective audit. ## AUDIT OPINIONS AND FINDINGS Based on our audit of the City’s financial statements for the year ended December 31, 2025: •We have issued unmodified opinions on the City’s basic financial statements. •We reported no deficiencies in the City’s internal control over financial reporting that we consider to be material weaknesses. •The results of our testing disclosed no instances of noncompliance that are required to be reported under Government Auditing Standards. •We reported no findings based on our testing of the City’s compliance with Minnesota laws and regulations. ## OTHER OBSERVATIONS AND RECOMMENDATIONS ## Land Held for Resale The City currently holds a material amount of land for resale, which management reports at the lower of cost or acquisition value. City staff has also prepared a schedule comparing the current carrying value of these properties to estimated fair values provided by Anoka County to support these values. We recognize the City is working on an ongoing basis to utilize these assets in the best interest of the City. We recommend that the City continue to review these property values on an ongoing basis to ensure proper reporting of city assets and that financial activity between funds is accurately presented. -2- ## OTHER OBSERVATIONS AND RECOMMENDATIONS ## Internal Controls Over Vendors A relatively common method of attempting to defraud local governments involves inducing them to pay claims from fictitious vendors for goods or services that were never provided. Strong safeguards over adding new vendors or making changes to existing vendors within the government’s accounts payable system is an important control to mitigate this risk. Some considerations in this area include: •Limiting the number of employees with access to add or alter vendor records within the accounts payable system, •Requiring vendor additions or changes to be reviewed and approved by supervisory personnel, preferably one not directly involved in processing accounts payable, •Verifying the legitimacy of vendors by obtaining a W-9 or other means, •Verifying any changes to vendor address or banking information prior to processing payments, and •Periodically reviewing the vendor listing to remove inactive vendors from the system. ## Uniform Guidance Revisions Although the City did not earn enough federal funding to require a Single Audit of its expenditures of federal awards this year, if the City receives any federal funding it is obligated to maintain a comprehensive system of internal controls over federal grant compliance that is up to date with current requirements. The U.S. Office of Management and Budget issued a revision to Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) in 2024, aiming to streamline grant management and reduce grantor agency and recipient burden. The revised guidance is effective for new federal grant entitlements awarded on or after October 1, 2024. The revision includes a number of significant changes to the federal Single Audit process, including: an increase in dollar threshold for requiring a Single Audit from $750,000 to $1,000,000; changes to the thresholds and process used for determining major programs; an increase in the threshold for the disposition of equipment and remitting unused supplies from $5,000 to $10,000; and an increase in the federal de minimis indirect cost rate from 10 percent to 15 percent. Key changes to written policy requirements for recipients include: enhancement of cybersecurity controls, inclusion of veteran-owned businesses to the group of entities for procurement preference, and a broadened scope for reporting of mandatory disclosures. We recommend the City review its internal control policies to ensure compliance with current guidance. ## SIGNIFICANT ACCOUNTING POLICIES 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 of the notes to basic financial statements. No new accounting policies were adopted, and the application of existing policies was not changed during the year. We noted no transactions entered into by the City 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. -3- ## ACCOUNTING ESTIMATES AND MANAGEMENT JUDGMENTS 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 assumptions 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. The most sensitive estimates affecting the financial statements were: •Value of Land Held for Resale – Management’s estimates of these assets are based on net realizable value (lower of cost or acquisition value). •Depreciation – Management’s estimates of depreciation expense are based on the estimated useful lives of the assets. •Compensated Absences – Management’s estimate is based on current rates of pay, unused compensated absence balances, and the likelihood that unused balances will used over the course of employment or ultimately paid out at termination. •Total Other Post-Employment Benefits (OPEB) and Net Pension Liabilities – The City has recorded liabilities and activity for OPEB and pension benefits. These obligations are calculated using actuarial methodologies described in Governmental Accounting Standards Board Statement Nos. 68 and 75. These actuarial calculations include significant assumptions, including projected changes, healthcare insurance costs, investment returns, retirement ages, proportionate share, and employee turnover. We evaluated the key factors and assumptions used by management to develop these accounting estimates in determining that they are reasonable in relation to the basic financial statements taken as a whole. Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. The disclosures included in the notes to the basic financial statements related to OPEB and pension benefits are particularly sensitive, due to the materiality of the liabilities, and the large and complex estimates involved in determining the disclosures. The financial statement disclosures are neutral, consistent, and clear. ## DIFFICULTIES ENCOUNTERED IN PERFORMING THE AUDIT We encountered no significant difficulties in dealing with management in performing and completing our audit. ## CORRECTED AND UNCORRECTED MISSTATEMENTS Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are clearly trivial, and communicate them to the appropriate level of management. Management has corrected all such misstatements. In addition, none of the misstatements detected as a result of audit procedures and corrected by management were material, either individually or in the aggregate, to each opinion unit’s financial statements taken as a whole. ## DISAGREEMENTS WITH MANAGEMENT For purposes of this report, a disagreement with management is 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. -4- ## MANAGEMENT REPRESENTATIONS We have requested certain representations from management that are included in the management representation letter dated June 1, 2026. ## 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 City’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 City’s auditors. However, these discussions occurred in the normal course of our professional relationship and our responses were not a condition to our retention. ## OTHER MATTERS We applied certain limited procedures to the management’s discussion and analysis and the required supplementary information (RSI) that supplement the basic financial statements. Our procedures consisted of inquiries of management regarding 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 did not audit the RSI and do not express an opinion or provide any assurance on the RSI. We were engaged to report on the combining and individual fund statements and schedules, reported as supplementary information, as described in the table of contents, which accompany the financial statements, but are not RSI. With respect to this supplementary information, we made certain inquiries of management and evaluated the form, content, and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the financial statements or to the financial statements themselves. We were not engaged to report on the introductory section and the statistical section, which accompany the financial statements, but are not RSI. Such information has 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. -5- ## GOVERNMENTAL FUNDS OVERVIEW This section of the report provides you with an overview of the financial trends and activities of the City’s governmental funds, which includes the General, special revenue, debt service, and capital project funds. These funds are used to account for the basic services the City provides to all of its citizens, which are financed primarily with property taxes. The governmental fund information in the City’s financial statements focuses on budgetary compliance and the sufficiency of each governmental fund’s current assets to finance its current liabilities. ## GOVERNMENTAL FUND BALANCES The following table summarizes the changes in the fund balances of the City’s governmental funds during the year ended December 31, 2025, presented both by fund balance classification and by major fund: 20252024 ## Change Fund balances of governmental funds Total by classification ## Nonspendable 29,459$ 14,056$ 15,403$ ## Restricted 11,000,150 14,953,404 (3,953,254) ## Committed 1,891,396 1,514,777 376,619 ## Assigned 30,327,916 29,749,235 578,681 ## Unassigned 14,436,283 13,311,361 1,124,922 Total governmental funds57,685,204$ 59,542,833$ (1,857,629)$ Total by fund Major funds ## General 14,462,749$ 13,324,373$ 1,138,376$ Special revenue funds ## Tax Increment 2,780,887 3,362,513 (581,626) ## COR Land 6,965,191 8,597,266 (1,632,075) Capital project funds ## RALF Funded Projects 273,915 400,837 (126,922) ## State-Aid Construction 434,487 466,915 (32,428) ## Pavement Management Program 8,813,381 11,918,186 (3,104,805) ## Park Improvement 11,066,067 9,087,595 1,978,472 Nonmajor funds 12,888,527 12,385,148 503,379 Total governmental funds57,685,204$ 59,542,833$ (1,857,629)$ ## Governmental Fund Changes in Fund Balance ## Fund Balance as of December 31, In total, the fund balances of the City’s governmental funds decreased by $1,857,629 during the year ended December 31, 2025. The decrease was largely due to the capital spending for the pavement management program. -6- ## GOVERNMENTAL FUNDS REVENUE The following table presents the City’s governmental funds revenue by source for the last two fiscal years. ## Dollar ## Revenue ## Revenue ## Change Property taxes 23,677,388 $ 69.5 % 23,350,614 $ 64.2 % 326,774 $ 1.4 % Special assessments 81,689 0.2 105,484 0.3 (23,795) (22.6) % Licenses and permits 1,446,884 4.2 1,610,437 4.4 (163,553) (10.2) % ## Intergovernmental 3,664,694 10.8 3,455,486 9.5 209,208 6.1 % Charges for services 1,481,591 4.4 1,508,990 4.1 (27,399) (1.8) % ## Other 3,701,590 10.9 6,364,012 17.5 (2,662,422) (41.8) % Total revenue 34,053,836 $ 100.0 % 36,395,023 $ 100.0 % (2,341,187) $ (6.4) % ## Percent ## Change ## Year-to-Year Change ## Governmental Funds Revenue by Source 2025 ## Percent of Total 2024 ## Percent of Total The City’s governmental fund revenues for 2025 were $34,053,836, a decrease of $2,341,187 (6.4 percent) from the prior year. The decrease was mainly due to a decrease in other revenues of $2,662,422 from the prior year. Other revenues decreased due to fewer developer fees and park dedication fees. -7- ## PROPERTY TAXES Minnesota cities rely heavily on local property taxes to support governmental fund activities. In the 2025 fiscal year, property taxes provided 69.5 percent of the City’s total governmental funds revenue. The City’s taxable market value increased 9.1 percent for taxes payable in 2024 and decreased 0.9 percent for taxes payable in 2025. The following graph shows the City’s changes in taxable market value over the past 10 years: $ – $500,000,000 $1,000,000,000 $1,500,000,000 $2,000,000,000 $2,500,000,000 $3,000,000,000 $3,500,000,000 $4,000,000,000 $4,500,000,000 $5,000,000,000 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 ## Taxable Market Value Tax capacity is considered the actual base available for taxation. It is calculated by applying the state’s property classification system to each property’s market value. Each property classification, such as commercial or residential, has a different calculation and uses different rates. Consequently, a city’s total tax capacity will change at a different rate than its total market value, as tax capacity is affected by the proportion of its tax base that is in each property classification from year-to-year, as well as legislative changes to tax rates. The City’s tax capacity increased 12.8 percent and decreased 1.0 percent for taxes payable in 2024 and 2025, respectively. The following graph shows the City’s change in tax capacities over the past 10 years: $– $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2016201720182019202020212022202320242025 ## Local Net Tax Capacity -8- The following graph presents the City’s certified tax levy and resulting tax rates applied to city residents for each of the last five levy years: 25.0% 30.0% 35.0% 40.0% 45.0% 50.0% $0 $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 2021 2022 2023 2024 2025 ## Tax Levies and Rates ## Certified Tax Levy ## City Tax Rate The City’s certified levy has continued to grow over the last five years, while the tax rate has also changed due to the shift of the tax base. -9- ## GOVERNMENTAL FUND EXPENDITURES The expenditures of governmental funds will also vary from state-wide averages and from year-to-year, based on the City’s circumstances. Expenditures are classified into three types as follows: •Current – These are typically the general operating type expenditures occurring on an annual basis, and are primarily funded by general sources, such as taxes and intergovernmental revenues. •Capital Outlay and Construction – These expenditures do not occur on a consistent basis, more typically fluctuating significantly from year-to-year. Many of these expenditures are project-oriented and are often funded by specific sources that have benefited from the expenditure, such as special assessment improvement projects. •Debt Service – Although the expenditures for debt service may be relatively consistent over the term of the respective debt, the funding source is the important factor. Some debt may be repaid through specific sources, such as special assessments or redevelopment funding, while other debt may be repaid with general property taxes. The following table presents the City’s governmental funds expenditures by type for the last two fiscal years: ## Dollar ## Expenditures ## Expenditures ## Change ## Current General government 5,479,491 $ 15.2 % 4,881,806 $ 11.9 % 597,685 $ 12.2 % Public safety 8,865,263 24.6 8,160,476 19.9 704,787 8.6 % Streets and highways 4,787,571 13.3 4,054,306 9.9 733,265 18.1 % Culture and recreation 2,044,948 5.7 1,883,848 4.6 161,100 8.6 % All other 1,342,690 3.7 1,488,674 3.6 (145,984) (9.8) % Total current 22,519,963 62.5 20,469,110 49.9 2,050,853 10.0 % Capital outlay 9,174,063 25.5 15,862,434 38.8 (6,688,371) (42.2) % Debt service 4,307,526 12.0 4,625,140 11.3 (317,614) (6.9) % Total expenditures 36,001,552 $ 100.0 % 40,956,684 $ 100.0 % (4,955,132) $ (12.1) % ## Governmental Funds Expenditures by Type of Total of Total ## Change 2025 2024 ## Year-to-Year Change ## Percent ## Percent ## Percent Total expenditures in the City’s governmental funds for 2025 were $36,001,552, a decrease of $4,955,132 (12.1 percent) from the prior year. Natural inflationary increases in most current spending areas were more than offset by the reduction in capital outlay spending in comparison to the prior year. Capital spending was down in the current year for street reconstruction projects, equipment purchases, and improvements completed in the City’s Center of Ramsey (COR) development. ## THIS PAGE INTENTIONALLY LEFT BLANK -10- ## GENERAL FUND OVERVIEW This section of the report focuses specifically on the financial trends and activities of the General Fund, which accounts for the financial activity of the basic services provided to the community. The primary services included within this fund include the administration of municipal operations, police and fire protection, permitting and building inspection, streets and highway maintenance, culture and recreation, and economic development. ## GENERAL FUND FINANCIAL POSITION The graph below illustrates the change in the General Fund financial position over the last five years. We have also included a line representing annual revenues to reflect the change in the size of the General Fund operation over the same period. 2021 2022 2023 2024 2025 ## Fund Balance $10,449,489 $11,095,052 $12,265,915 $13,324,373 $14,462,749 Cash (Net) $10,548,733 $10,850,120 $12,382,617 $13,542,157 $14,619,900 ## Revenue $13,613,351 $14,718,976 $16,896,225 $18,919,100 $20,688,086 $ – $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 ## General Fund Financial Position ## Year Ended December 31, The City’s General Fund cash and investments balance on December 31, 2025, was $14,619,900, an increase of $1,077,743 from the previous year. Total fund balance at year-end was $14,462,749, an increase of $1,138,376 from the prior year. As the graph illustrates, the City has generally been able to maintain healthy cash and fund balance levels as the volume of financial activity has fluctuated. . -11- The City has adopted a fund balance policy that calls for maintaining an unassigned amount equal to 50.0 percent of the following years adopted operating budget plus prior year encumbrances (if any). The following graph presents this ratio for the last five years compared to this policy: 2021 2022 2023 2024 2025 ## Fund Balance Policy ## Maximum 50.0% 50.0% 50.0% 50.0% 50.0% ## Unassigned Fund Balance 50.0% 50.0% 50.0% 50.0% 50.0% 20% 30% 40% 50% 60% 70% 80% ## Fund Balance as a Percentage of Expenditures ## Year Ended December 31, As the graph illustrates, the City has met the year-end fund balance policy goal as of December 31, 2025. A government, like any organization, requires a certain amount of equity to operate. A healthy financial position allows the City to avoid volatility in tax rates; helps minimize the impact of state funding changes; allows for the adequate and consistent funding of services, repairs, and unexpected costs; and is a factor in determining the City’s bond rating and resulting interest costs. A trend that is typical to Minnesota local governments, especially the General Fund of cities, is the unusual cash flow experienced throughout the year. The City’s General Fund cash disbursements are spread relatively evenly throughout the year, other than the impact of seasonal services such as snowplowing, street maintenance, and recreation activities. Cash receipts of the General Fund are quite a different story. Property taxes comprise about 79.9 percent of the fund’s total annual revenue. Approximately half of the City’s annual property tax levy is collected and remitted to the City by the end of June and the rest by December. Consequently, cities depend on the resources this fund balance represents to provide adequate cash reserves to finance their everyday operations between these collections. -12- ## GENERAL FUND REVENUES The following graph reflects the City’s General Fund revenue sources for 2025 compared to budget: ## Other ## Special Assessments ## Charges for Services ## Licenses and Permits ## Fines and Forfeits ## Intergovernmental ## Property Taxes ## General Fund Revenues ## Budget and Actual ## Actual ## Budget General Fund revenue for 2025 was $20,688,086, which was $1,197,870 (6.1 percent) more than budget. The budget variance for revenue was largely due to conservative budgeting with most sources surpassing budget expectations. Conservative budgeting for investment earnings and elevated development activity in the current year all contributed to revenues exceeding budget. The following graph presents the City’s General Fund revenues by source for the last five years. The graph reflects the City’s reliance on property taxes, which represented 79.9 percent of General Fund revenues in 2025: ## Property TaxesIntergovernmentalAll Other 2021 $11,184,493$706,660$1,722,198 2022 $11,961,591$885,575$1,871,810 2023 $12,827,463$1,508,405$2,560,357 2024 $14,751,073$920,633$3,247,394 2025 $16,534,327$1,016,315$3,137,444 $– $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000 ## General Fund Revenue by Source ## Year Ended December 31, Total General Fund revenue for 2025 was $1,768,986 (9.4 percent) more than last year. The increase in taxes was as anticipated and approved through the annual levy process. Intergovernmental increased slightly and nearly offset the decrease in all other sources. -13- ## GENERAL FUND EXPENDITURES The following graph illustrates the components of General Fund spending for 2025 compared to budget: ## Other ## Culture and Recreation ## Highways and Streets ## Public Safety ## General Government ## General Fund Expenditures ## Budget and Actual ## Actual ## Budget General Fund expenditures totaled $19,309,070 in 2025 and were $1,064,540 (or 5.2 percent) under the final budget. Spending was under budget for all General Fund expenditure categories presented above. Open positions and conservative budgeting largely accounted for these variances. Expenditure budgets are based on past history and expected needs. The following graph shows General Fund expenditures for the last five years: ## General ## Government ## Public Safety Highways and ## Streets Culture and ## Recreation ## Other 2021 $3,543,561 $6,305,076 $1,942,497 $1,397,460 $977,809 2022 $3,740,839 $6,744,368 $2,026,890 $1,428,226 $450,538 2023 $4,053,311 $7,358,699 $3,066,934 $1,628,642 $1,121,259 2024 $4,548,056 $8,090,511 $2,722,964 $1,831,463 $3,626,875 2025 $5,078,117 $8,764,030 $2,824,235 $2,008,760 $633,928 $ – $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 $10,000,000 ## General Fund Expenditures by Function ## Year Ended December 31, Total General Fund expenditures for 2025 were $1,510,799 (7.3 percent) less than the previous year. Natural inflationary increases and the continued growth in development in the City contributed to the overall changes in current expenditures. Other expenditures were down by $2,992,947, due to the timing of capital spending, which was down in the current year. -14- ## ENTERPRISE FUNDS OVERVIEW The City maintains several enterprise funds to account for services the City provides that are financed primarily through fees charged to those utilizing the service. This section of the report provides you with an overview of the financial trends and activities of the City’s enterprise funds, which include the Water, Sewer, Street Light, Recycling, and Storm Water Utility Funds. The utility funds comprise a considerable portion of the City’s activities. We understand that the City is proactive in reviewing these activities on an ongoing basis and we want to reiterate the importance of continually monitoring these operations. Over the years, we have emphasized to our city clients the importance of these utility operations being self-sustaining, preventing additional burdens on general governmental funds. This would include the accumulation of net position for future capital improvements and to provide a cushion in the event of a negative trend in operations. ## ENTERPRISE FUNDS FINANCIAL POSITION The following table summarizes the changes in the financial position of the City’s enterprise funds during the year ended December 31, 2025, presented both by classification and by fund: 2025 2024 ## Change Net position of enterprise funds Total by classification Net investment in capital assets 112,202,886 $ 95,749,335 $ 16,453,551 $ ## Unrestricted 26,375,618 32,212,510 (5,836,892) Total enterprise funds 138,578,504 $ 127,961,845 $ 10,616,659 $ Total by fund ## Water Utility 81,596,261 $ 76,068,276 $ 5,527,985 $ ## Sewer Utility 30,521,998 27,859,546 2,662,452 ## Street Light Utility 2,122,277 2,038,066 84,211 ## Recycling Utility 400,037 416,994 (16,957) ## Storm Water Utility 23,937,931 21,578,963 2,358,968 Total enterprise funds 138,578,504 $ 127,961,845 $ 10,616,659 $ ## Enterprise Funds Change in Financial Position ## Net Position as of December 31, In total, the net position of the City’s enterprise funds increased by $10,616,659 during the year ended December 31, 2025. Additional capital grants, developer contributions, and connection fees, all contributed to the overall growth in net position. The increase in the net investment in capital assets portion of net position includes the City’s use of unrestricted resources for infrastructure improvements in the current year, along with contributions from developers, which was partially offset by current year depreciation. -15- The following table presents five years of comparative operating results for each of the City’s utility enterprise funds: 2021 2022 2023 Utility enterprise funds ## Water Operating revenue 3,057,474 $ 2,962,563 $ 3,574,961 $ Operating expenses 1,772,358 1,895,776 2,062,314 Operating income Operating income as a percentage of operating revenue 42.0 % 36.0 % 42.3 % 29.2 % 34.6 % ## Sewer Operating revenue 1,805,614 $ 1,876,957 $ 1,994,465 $ Operating expenses 1,742,380 1,947,356 2,209,802 Operating income (loss) Operating income (loss) as a percentage of operating revenue 3.5 % (3.8) % (10.8) % 0.6 % 3.5 % ## Street Light Operating revenue 222,364 $ 230,392 $ 234,607 $ Operating expenses 178,576 172,765 173,924 Operating income Operating income as a percentage of operating revenue 19.7 % 25.0 % 25.9 % 31.2 % 16.1 % ## Recycling Operating revenue 440,097 $ 452,107 $ 456,106 $ Operating expenses 507,067 514,231 527,182 Operating income (loss) Operating income (loss) as a percentage of operating revenue (15.2) % (13.7) % (15.6) % (17.4) % (20.0) % ## Storm Water Operating revenue 1,197,572 $ 1,230,582 $ 1,252,659 $ Operating expenses 715,349 791,605 864,721 Operating income Operating income as a percentage of operating revenue 40.3 % 35.7 % 31.0 % 24.3 % 27.7 % 43,788 $ 57,627 $ 1,066,787 $ 1,285,116 $ 63,234 $ (70,399) $ 2,425,906 $ 2,411,209 167,123 242,950 $ 468,514 $ 14,697 $ 75,827 $ 2025 3,610,668 $ 2,360,896 ## Operating Results – Fiscal Year Ended December 31, 1,249,772 $ 2024 924,666 $ 3,168,402 $ 2,243,736 1,512,647 $ 2,560,621 $ 2,470,049 90,572 $ 257,712 $ 216,126 482,223 $ 438,977 $ (62,124) $ (66,970) $ 327,481 $ 1,350,416 $ 1,022,935 (81,479) $ 60,683 $ (215,337) $ 1,149,661 439,912 $ 387,938 $ (71,076) $ 41,586 $ 483,595 $ 580,435 (96,840) $ 1,589,573 $ 549,993 As displayed in the table above, each of the individual enterprise funds was able to report positive operating results for the year ended December 31, 2025, except for the Recycling Fund. However, nonoperating grants and investment earnings offset most of the operating loss. Overall operating revenues totaled $8,502,169 in 2025, compared to $7,656,188 in the prior year. Increases in households and utility rates, along with more consumption, contributed to the change over the prior year. Overall operating expenses totaled $6,777,167 in 2025, compared to $6,394,996 in the prior year. Spending was up for personal services, supplies, sewer utility disposal charges, and depreciation, with an increase in population and households serviced by the City’s utility system. -16- ## GOVERNMENT-WIDE FINANCIAL STATEMENTS In addition to fund-based information, the current reporting model for governmental entities also requires the inclusion of two government-wide financial statements designed to present a clear picture of the City as a single, unified entity. These government-wide financial statements provide information on the total cost of delivering services, including capital assets and long-term liabilities. ## STATEMENT OF NET POSITION The Statement of Net Position essentially tells you what the City owns and owes at a given point in time, the last day of the fiscal year. Theoretically, net position represents the resources the City has leftover to use for providing services after its debts are settled. However, those resources are not always in spendable form, or there may be restrictions on how some of those resources can be used. Therefore, net position is divided into three components: net investment in capital assets, restricted, and unrestricted. The following table presents the components of the City’s net position as of December 31, 2025, and 2024, for governmental activities and business-type activities (utility operations): 2025 2024 ## Change Net position Governmental activities Net investment in capital assets 82,689,945 $ 72,783,568 $ 9,906,377 $ ## Restricted 11,974,763 14,022,396 (2,047,633) ## Unrestricted 38,618,625 36,934,626 1,683,999 Total governmental activities 133,283,333 123,740,590 9,542,743 Business-type activities Net investment in capital assets 112,202,886 95,749,335 16,453,551 ## Unrestricted 26,375,618 32,212,510 (5,836,892) Total business-type activities 138,578,504 127,961,845 10,616,659 Total net position 271,861,837 $ 251,702,435 $ 20,159,402 $ As of December 31, The City’s total net position on December 31, 2025, was $20,159,402 more than the previous year. Governmental activities increased $9,542,743 and business-type activities increased $10,616,659. The increase in net position within governmental activities presents the overall operating results of the governmental funds, along with the continued development and investment in infrastructure within the City. The increase in business-type activities net position matches the enterprise funds activity previously discussed. At the end of the current fiscal year, the City is able to present positive balances in all categories of net position, both for the government as a whole, as well as for its separate governmental and business-type activities. The same situation held true for the prior fiscal year. -17- ## STATEMENT OF ACTIVITIES The Statement of Activities tracks the City’s yearly revenues and expenses, as well as any other transactions that increase or reduce total net position. These amounts represent the full cost of providing services. The Statement of Activities provides a more comprehensive measure than just the amount of cash that changed hands, as reflected in the fund-based financial statements. This statement includes the cost of supplies used, depreciation of long-lived capital assets, and other accrual-based expenses. The following table presents the change in the net position of the City for the years ended December 31, 2025, and 2024: 2024 ## Program ## Expenses ## Revenues ## Net Change ## Net Change Governmental activities General government 6,126,045 $ 1,872,360 $ (4,253,685) $ (3,230,831) $ Public safety 9,597,991 2,418,367 (7,179,624) (6,455,186) Highways and streets 9,194,282 8,687,382 (506,900) (247,673) Culture and recreation 2,682,150 628,392 (2,053,758) (781,208) Economic development 1,342,690 – (1,342,690) (1,488,674) Interest and fiscal charges 1,134,749 – (1,134,749) (1,317,942) Business-type activities Water utility 2,360,896 6,386,655 4,025,759 6,765,366 Sewer utility 2,539,590 4,662,217 2,122,627 911,013 Street light utility 216,126 257,712 41,586 75,827 Recycling utility 580,435 553,985 (26,450) (10,589) Storm water utility 1,198,990 3,444,019 2,245,029 1,420,317 Total net (expense) revenue 36,973,944 $ 28,911,089 $ (8,062,855) (4,359,580) General revenues Property taxes 23,699,395 23,041,341 General grants and contributions 135,308 3,760 Investment earnings 4,327,879 4,470,909 Gain on sale of capital assets 59,675 94,090 Total general revenues 28,222,257 27,610,100 Change in net position 20,159,402 $ 23,250,520 $ Net (expense) revenue 2025 One of the goals of this statement is to provide a side-by-side comparison to illustrate the difference in the way the City’s governmental and business-type operations are financed. The table clearly illustrates the dependence of the City’s governmental operations on general revenues, such as property taxes, general grants and contributions, investment earnings, and gain on sale of capital assets. In contrast, the City’s business-type activities tend to rely more heavily on program revenues like charges for services (sales) and program-specific grants to cover expenses. This is critical given the current downward pressures on the general revenue sources. The change in net (expense) revenue presented in the table above, when compared to the prior year, is primarily due to the amount of developer contributions and capital grants recognized from year-to-year. These contributions fluctuate with the size and number of completed development projects. -18- ## ACCOUNTING AND AUDITING UPDATES The following is a summary of Governmental Accounting Standards Board (GASB) standards expected to be implemented in the next few years. ## GASB STATEMENT NO. 103, FINANCIAL REPORTING MODEL IMPROVEMENTS The objective of this statement is to improve key components of the financial reporting model to enhance its effectiveness in providing information that is essential for decision making and assessing a government’s accountability. This statement also addresses certain application issues. This statement continues the requirement that the basic financial statements be preceded by management’s discussion and analysis (MD&A), which is presented as required supplementary information (RSI). This statement requires that the information presented in MD&A be limited to the related topics discussed in five sections: (1) Overview of the Financial Statements, (2) Financial Summary, (3) Detailed Analyses, (4) Significant Capital Asset and Long-Term Financing Activity, and (5) Currently Known Facts, Decisions, or Conditions. Furthermore, this statement stresses that the detailed analyses should explain why balances and results of operations changed rather than simply presenting the amounts or percentages by which they changed. In addition, this statement continues the requirement that information included in MD&A distinguish between that of the primary government and its discretely presented component units. This statement defines unusual or infrequent items as transactions and other events that are either unusual in nature or infrequent in occurrence, and requires governments to display the inflows and outflows related to each unusual or infrequent item separately. This statement requires that the proprietary fund statement of revenues, expenses, and changes in fund net position continue to distinguish between operating and nonoperating revenues and expenses. In addition to the subtotals currently required in a proprietary fund statement of revenues, expenses, and changes in fund net position, this statement requires that a subtotal for operating income (loss) and noncapital subsidies be presented before reporting other nonoperating revenues and expenses. This statement requires governments to present each major component unit separately in the reporting entity’s statement of net position and statement of activities if it does not reduce the readability of the statements. If the readability of those statements would be reduced, combining statements of major component units should be presented after the fund financial statements. This statement requires governments to present budgetary comparison information using a single method of communication—RSI. Governments also are required to present (1) variances between original and final budget amounts and (2) variances between final budget and actual amounts. An explanation of significant variances is required to be presented in the notes to RSI. The requirements of this statement are effective for fiscal years beginning after June 15, 2025, and all reporting periods thereafter. Earlier application is encouraged. -19- ## GASB STATEMENT NO. 104, DISCLOSURE OF CERTAIN CAPITAL ASSETS The objective of this statement is to provide users of government financial statements with essential information about certain types of capital assets. This statement requires certain types of capital assets to be disclosed separately in the capital assets note disclosures required by GASB Statement No. 34. Lease assets recognized in accordance with Statement No. 87, Leases, and intangible right-to-use assets recognized in accordance with Statement No. 94, Public-Private and Public-Public Partnerships and Availability Payment Arrangements, should be disclosed separately by major class of underlying asset in the capital assets note disclosures. Subscription assets recognized in accordance with Statement No. 96, Subscription-Based Information Technology Arrangements, also should be separately disclosed. In addition, this statement requires intangible assets other than those three types to be disclosed separately by major class. This statement also requires additional disclosures for capital assets held for sale. A capital asset is considered held for sale if (a) the government has decided to pursue the sale of the capital asset and (b) it is probable that the sale will be finalized within one year of the financial statement date. Governments should consider relevant factors to evaluate the likelihood of the capital asset being sold within the established time frame. Capital assets held for sale are required to be evaluated each reporting period. Governments should disclose (1) the ending balance of capital assets held for sale, with separate disclosure for historical cost and accumulated depreciation by major class of asset, and (2) the carrying amount of debt for which the capital assets held for sale are pledged as collateral for each major class of asset. The requirements of this statement are effective for fiscal years beginning after June 15, 2025, and all reporting periods thereafter. Earlier application is encouraged. ## GASB STATEMENT NO. 105, SUBSEQUENT EVENTS The objective of this statement is to improve the financial reporting requirements for subsequent events, thereby enhancing consistency in their application and better meeting the information needs of financial statement users. This statement defines subsequent events as transactions or other events that occur after the date of the financial statements but before the date the financial statements are available to be issued. This statement describes the date the financial statements are available to be issued as the date at which (1) the financial statements are complete in a form and format that complies with generally accepted accounting principles and (2) approvals necessary for issuance have been obtained. That definition modifies the subsequent events time frame throughout the GASB literature. This statement also requires the date through which subsequent events have been evaluated to be disclosed. This statement clarifies the subsequent events that constitute recognized and nonrecognized events and establishes specific note disclosure requirements for nonrecognized events. The requirements of this statement are effective for fiscal years beginning after June 15, 2026, and all reporting periods thereafter. Earlier application is encouraged. ## CITY OF RAMSEY ## ANOKA COUNTY, MINNESOTA ## Special Purpose Audit Reports ## Year Ended December 31, 2025 ## THIS PAGE INTENTIONALLY LEFT BLANK ## Page ## Independent Auditor’s 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 1–2 ## Independent Auditor’s Report on Minnesota Legal Compliance 3 ## Table of Contents ## CITY OF RAMSEY ## Special Purpose Audit Reports ## Year Ended December 31, 2025 ## ANOKA COUNTY, MINNESOTA ## THIS PAGE INTENTIONALLY LEFT BLANK -1- ## INDEPENDENT AUDITOR’S 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 ## To the City Council and Management ## City of Ramsey, Minnesota We have audited, 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, the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Ramsey, Minnesota (the City) as of and for the year ended December 31, 2025, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated June 1, 2026. ## REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City’s internal control. Accordingly, we do not express an opinion on the effectiveness of the City’s internal control. 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 a 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. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that have not been identified. (continued) -2- ## REPORT ON COMPLIANCE AND OTHER MATTERS As part of obtaining reasonable assurance about whether the City’s financial statements are free from 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 financial statements. 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. ## PURPOSE OF THIS REPORT The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the City’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control and compliance. Accordingly, this report is not suitable for any other purpose. Respectfully submitted, ## LB CARLSON, LLP ## Minneapolis, Minnesota June 1, 2026 -3- ## INDEPENDENT AUDITOR’S REPORT ## ON MINNESOTA LEGAL COMPLIANCE ## To the City Council and Management ## City of Ramsey, Minnesota We have audited, 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, the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Ramsey, Minnesota (the City) as of and for the year ended December 31, 2025, and the related notes to the financial statements, which collectively comprise the City’s basic financial statements, and have issued our report thereon dated June 1, 2026. ## MINNESOTA LEGAL COMPLIANCE In connection with our audit, nothing came to our attention that caused us to believe that the City failed to comply with the provisions of the contracting – bid laws, depositories of public funds and public investments, conflicts of interest, public indebtedness, claims and disbursements, miscellaneous provisions, and tax increment financing sections of the Minnesota Legal Compliance Audit Guide for Cities, promulgated by the State Auditor pursuant to Minnesota Statutes § 6.65, insofar as they relate to accounting matters. However, our audit was not directed primarily toward obtaining knowledge of such noncompliance. Accordingly, had we performed additional procedures, other matters may have come to our attention regarding the City’s noncompliance with the above referenced provisions, insofar as they relate to accounting matters. ## PURPOSE OF THIS REPORT The purpose of this report is solely to describe the scope of our testing of compliance and the results of that testing, and not to provide an opinion on compliance. Accordingly, this report is not suitable for any other purpose. Respectfully submitted, ## LB CARLSON, LLP ## Minneapolis, Minnesota June 1, 2026 ## THIS PAGE INTENTIONALLY LEFT BLANK 5. 3. ## CC Regular Session ## Meeting Date: 06/09/2026 ## Primary Strategic Plan Initiative: ## Title: ## Receive Cash and Investments for Period Ending May 31, 2026 ## Purpose/Background: Purpose: Receive reports of the city's cash and investments for the period ending May 31, 2026. Cash and investment report shows the monthly cash flow - receipts and expenditures through May 31, 2026 with the current listing of the city's investment portfolio. ## Recommendation: No action required/ Informational only. ## Outcome/Action: No action required. Informational only. ## Attachments ## Cash & Investments for Period Ending May31, 2026 ## Form Review ## InboxReviewed ByDate ## Brian HagenBrian Hagen06/03/2026 12:22 PM ## Form Started By: Diana LundStarted On: 05/28/2026 02:26 PM ## Final Approval Date: 06/03/2026 ## CITY OF RAMSEY ## REPORT OF POOLED CASH FLOWS ## Period Ended May 31, 2026 ## ICASHANDTEMPORARYINVESTMENTS I ## BEGINNING BALANCE ## CASH INFLOWS: ## Daily Deposit ## Tax Settlements ## U/B Receipts ## Credit Cards (Includes Utility Billing) Interest Earnings [Net of Interest Paid on Investments] ## TOTAL CASH INFLOW ## TOTAL CASH AVAILABLE ## CASH OUTFLOWS: ## Prepaid Checks ## Bills Lists ## Pay Estimates ## Credit Cards ## Payroll - Net ## Flex Reimbursement ## Void Checks/Dormant Checks Paid ## Debt Service Miscellaneous [Bank Charges; etc.] ## TOTAL CASH OUTFLOW ## POOLED CASH AND TEMPORARY INVESTMENTS ## ENDING BALANCE ## MEMO - NET 2026 CASH INFLOW ( OUTFLOW) ## lmvhs'rmnr PORTFOLIO SUMMARY I ## BEGINNING BALANCE - BY ## Purchases ## Maturities/Sales ## ENDING BALANCE ## May-26 ## CURRENT MONTH 70,403,193.07 231,641.71 464,073.12 1,259,749.18 111,694.11 2,067,158.12 72,470,351.19 872,368.19 942,134.03 490,470.35 5,232.81 6 34,344.42 (994.50) 35,425.00 317.00 2,979,297.30 69,491,053.89 (912,139.18) 68,167,400.10 4,000,000.00 (5,471,755.00) 66,695,645.10 $ 2026 ## YEAR-TO-DATE 79,966,707.36 4,340,157.48 266,560.52 922,541 .81 3,150,704.21 691,191.61 9,371,155.63 89,337,862.99 8,605,702.57 4,947,820.51 2 ,904,876.91 3 5,697.01 3,316,990.38 (3,232.69) 35,425.00 3,529.41 19,846,809.10 69,491,053.89 (10,475,653.47) 76,529,578.51 14,000,000.00 (23,833,933.41) 66,695,645.10 Prepared by the City of Ramsey Finance Department 6/1/2026 ## CITY ## STATED ## MAT ## DATE BROKER ## SECURITY ## 2026 CASH AND INVESTMENT ACTMTY ## PRIN ## BAL 1/1/2026 ## CUSIP ## PURCH 2026 ## SOLD/ ## MATURE 2026 ## BV ## PRIN ## BAL 12/31/2026 ## 260130A ## 260130B 260521 250731 ## 250626A ## 250626B ## 251212A ## 251212B ## 251212C 250221 ## 250304A ## 250304B 210625 ## 191003A 200113 ## 200825A 210401 ## 120308C 190402 ## 191016B ## 211020A 200')14 ## 120308D 200625 200923 ## 200825B 210615 ## 8/3/2026 4M ## 1/27/2027 4M ## 5/21/2027 4M 1/29/2026 =uvi ## 1/26/2026 4M ## 6/24/2026 4M ## 5/20/2026 4M ## 9/16/2026 4M ## 1/13/2027 4M 2/22/2027 6/1/2026 6/1/2027 7/15/2026 12/1/2026 3/1/2027 8/1/2027 12/1/2027 12/1/2027 2/1/2028 4/1/2028 7/1 5/2028 8/1/2028 12/1/2028 3/1/2029 7/15/2029 811/2029 8/1/2030 ## Northland ## Northland ## Northland ## Northland ## Northland ## Northlaiid ## Northland ## Northland ## Norihland ## Norihland ## Northland ## Nonhland ## Northland ## Norihland ## Northland ## Northland ## Nofhland ## Northland ## 4M TERM SER}ES ## 4M TERM SERIES ## 4M TERM SERIES ## 4M TERM SERIES ## 4M TERM SERIES ## 4M TERM SERJES ## 4M TERM SERIES ## 4M TERM SERIES ## 4M TERM SERIES ## CD-NEIGHBOR FCU ## DUBUQUE IA TAX ## DUBUQUE IA TAX ## EAST LYME CONN TAX ## SCOTT BLUFF CTY SCHOOL DIST ## RICHLAND SCHOOL DISTRICT ## CENTrNELA V ALLEY C A HS ## RUSH COl+NTY KANSAS TAX ## SHOREWOOD WIS TAX ## CLOQUET Mfll TAX ## COIUMBUS OH TAX ## MOUNT HILLS TOWNSHIP SCHOOL ## BURLESON TX IDS ZERO CPN ## SHOREWOOD WIS TAX ## LAWRENCE MASS TAX ## WILKn%lSBURGO BORO PA TAX ## CENTrNELA V ALLEY C A HS ## MN STATE TAX 6401 7aABP8 ## 263868-LW-9 ## 263868QLX-7 ## 273587-P3-3 ## 810164-CQ-4 ## 764080-FT-9 ## 15239-RP-4 ## 781834-D4-9 ## 825230-LB-9 ## 189036-PS-9 ## 199492E339 ## 621553-E6-7 ## 121403-4E6 ## 825230-LC-7 ## 520228-6Q-5 ## 968529-JV-0 ## 15239-RR-0 ## 60412 A-VP-5 4,000,000 00 6,000,000.00 4,000,000 00 4,000,000.00 4,000,000.00 4,000,000.00 245,000.00 190,000.00 295,000.00 200,000.00 385,000.00 165,000.00 250,000.00 180,000.00 150.000.00 150,000.00 285,000.00 430,000.00 500,000.00 465,000.00 180,000.00 265,000.00 270,000.00 500,000.00 4,000,000 00 6,000,000.00 4,000,000.00 0.00 ## 0 0(I 0 00 4,000,000 00 6,000,000 00 0 00 4,000,000 00 0 00 0 00 0.00 0 00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,000,000.00 6,000,000.00 4,000,000.00 0.00 0.00 4,000,000.00 0.00 4,000,000.00 4,000,000.00 26,000,000.00 245,000.00 190,000.00 295,000.00 200,000.00 385,000.00 165,000.00 250,000.00 iso,ooo.oti 150,000.00 150,000.00 285,000 00 430,000.00 500,000.00 465,000.00 180,000.00 265,000.00 270,000.00 500,000.00 5, 105,000.00 ## 250212A ## 250212B 250218 191105 22051') 220316 201105 200t 13 201204 210309 ## 191115A 210630 ## 200326B 210514 201221 210621 ## 191219B ## 191016A 210311 ## 210408B 200925 211206 ## 210308B ## 19121 9A 210302 210219 210121 191022 160802 ## 190725A 210713 210430 ## 220207A ## 210617A ## 210408A 210930 210301 201007 191108 ## 210825B ## 210825A 210326 200320 2/12/2027 2/12/2027 2/18/2027 3/1/2026 3/15/2026 3/16/2026 4/1/2026 4/15/2026 4/15/2026 6/1/2026 7/1/2026 7/15/2026 8/1/2026 10/1/2026 10/1/2026 ## I1/1/2026 l 1/1/2026 12/ 1/2026 1/1/2027 1/15/2027 4/1/2027 511/2027 6/1/2027 6/1/2027 8/1/2027 9/1/2027 10/1/2027 10/1/2027 12/1/2027 12/1/2027 2/1/2028 6/1/2028 7/1/2028 7/1/2028 7/1/2028 8/1/2028 8/1/2028 8/1/2028 8/1/2028 8/1 5/2028 8/25/2028 9/1/2028 9/1/2028 ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS 32992 34221 34519 ## CD-MORGAN STAN[ ## CD-MORGAN STAN[ ## CD-MERRICK BANK ## MARYLAND STATE COtVlM DEV ## NEW YORK DEV ## CD-GOLDMAN SACHS ## PARAMUS NJ SCHOOL ## PHILADELPHIA AUTHORITY-ZERO COUF ## LONG BEACH CITY SCHOOL DIS ## BEVERLY HILLS CA PUB ## LEXrNGTON FAYETEE URB,"J%l COUNTY ## MICHIGAN CITY [ND SCHOOL ## SAN BERNARDINO COMM ## BOSSjER CITY LA UTIL ## LANCASTER OH SCHOOL DIST ## REGIONAL TRANSPORT ATION ## OPELIKA ALABAMA TAX ## DENVER CITY & CO{+NTY HSG ## FORT LAUDERDALE FLA SPL ## AP ACHE COtJNTY ARIZ ## WESTERN W ASHmGTON t+NlV ## F'lMA COUNTY AZ ## RIO RANCHO NEW MEXICO TAX ## UNIVERSITY OF NORTHERN COLORADO ## VISTA CA tJNI SCHOOL ## VIRGINIA COLLEGE BLDG ## tVIIAMI DADE COUNTY TAX ## NEW YORK NY TAX ## TOOLE CITY UT TAX ## WRIGHT COLtNTY T AXABLE ## TEXAS PUB FIN AUTHORITY ## BEVERLY HILLS CA PUB ## PHOENIX AZ CIVIC ## EL SEGUNDO CA PENSION ## PHOENIX AZ CMC ## CHARTER OAKS CA ## SAN JOSE CA FING AUTHO ## SAN BERNARDrNO C ALIFORN UNIV TAX ## CORONA-NORCO CAL ## NEW HAMPSHIRE MUNI ## CD-CELTIC BjU%lK ## CHINO CALIF PUB FING ## PENNS'jl.VANIA LtT%lIV TAX 57056 ## 61690DP44 ## 61776NLH4 ## 59013K4M5 57419TDZl ## 6500355P6 ## 699347LF5 ## 71781LBU2 ## 542535LY3 ## 088006KA8 ## 52909MDR2 ## 594381HJ7 ## 796720NA47 ## 100216FZ8 ## 514264FGO ## 759136VD3 683 489ZE l ## 24917NAG6 ## 347622CWO ## 03743T AF9 ## 959878RJO ## 72178JAFO ## 7671 69EP6 ## 914733DY3 ## 928346P45 ## 59333NV91 ## 64966QEK2 ## 89033RBU7 ## 982276B)C2 ## 882669BW3 ## 088006KC4 ## 71883RRS4 ## 284035AG7 ## 71884AH44 ## 1612855D4 ## 79818186P30 ## 796711H44 ## 219764SC2 ## 64465QHA7 ## 15118RWG8 ## 169548FP4 ## 70923 5P25 245,000.00 245,000.00 245,000.00 320,000.00 105,[)00.00 245,000.00 500,000.00 300,000.00 750,000.00 300,000.00 470,000.00 500,000 00 500,000.00 500,000.00 1,675,000 00 500,000.00 400,000.00 500.000.00 500,000.00 590.000.00 500,000.00 500.000.00 580,000.00 360.000.00 1,050,000.00 500,000.00 750,000 00 500,000.00 400,000.00 630,000.00 325,000.00 500,000.00 165,000.00 1,000,000.00 500,000 00 2 50,000.00 1,000,000 00 1,000,000.00 405,000 00 550,000.00 245,000.00 615,000.00 425,000.00 0.00 0.00 0.00 320,000.00 105,000.00 245,000.00 500,000.00 300,000.00 750.000.00 0.00 0.00 0.00 0 00 0.00 0 00 0.00 0 00 0.00 0 00 0.00 0.00 0.00 0 00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 00 0.00 245,00000 245,000.00 245,000 00 o.oo 0.00 0.00 0.00 0.00 0.00 300,000.00 470,000.00 500,000.00 500,000.00 500,000.00 1675,000.00 500,000.00 400,000.00 500,000 00 500.000.00 590,000 00 500.000.00 500,000 00 580.000.00 360,000.00 1.050.000.00 500,000.00 750.000.00 500,000.00 400,000.00 630,000.00 325,000.00 500,000.00 165,000.00 l ,ooo,ooo.oo 500,000.00 250,000.00 1,000,000.00 l ,O[)0,000 00 405,000.00 550,000.00 245,000.00 615,000.00 425,000.00 ## PRINTED 6/1 /2026 ## CITY ## INVEST # 191212 ## 210224B 191024 211231 ## 220207B 210113 ## 210617B ## 210308A ## 200630A 200611 210114 200324 211014 210604 200921 210910 101013 201102 210107 210111 ## 211020B 200417 211115 211209 250131 250731a 250630 251231 ## STATED ## MAT ## DATE 10/1/2028 ## I1/1/2028 2/1/2029 3/1 5/2029 4/ 1/2029 5/1/2029 6/1/2029 6/1/2029 7/1/2029 ## I 1/1/2029 12/1/2029 3/1/2030 srl/2030 7/1/2030 7/1/2030 9/1/2030 12/1/2030 12/1/2030 ## 6/1/203 I 6/1/203 l ## 8/15/203I 911/2031 10/1/2031 9/1 5/2032 ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## UBS ## SECURITY 2026 CASH AND INVESTMENT ACTMTf' ## PRIN ## BAL ## CUSIP 1/1/2026 ## 914745GG2 400,000.00 ## 969078QN7 2,500,000.00 ## 745401EGO3 400,000.00 ## 650036AX4 500,000.00 ## 072024XF4 250,000 00 64971XSZ2 I ,ooo,ooo.oo ## 68418 4TC8 110,000 00 ## 767169ER2 500,000.00 ## 64990GS86 430,000.00 ## 923078CZO 400,000.00 ## 353174JE6 1,000,000.00 ## 64966QJL5 500,000.00 ## 790450HN3 550,000.00 341271AFI I ,ooo,ooo.oo 341271AFl 500,000.00 I 16475304 I ,ooo,ooo.oo ## 429343BT3 500,000.00 ## 984071 CC2 720,000.00 798153NL2 l ,ooo,ooo.oo ## 798153NL2 320,000 00 ## 010268CT5 500,000.00 ## 655867G94 220,000.00 ## 76223MAL6 580,000.00 ## 139501SB7 470,000.00 47,573.90 1,186,951.96 1,596,228.67 5,103,823.98 ## PURCH ## DESCRIP FDIC # ## t+NIVERSITY OF ALAB AMA TAX ## WILL COUNTY ILL CO)VIMUNITY ## PULASKI COUNTY ## NEW YORK ST ATE URBAN DEV ## BAY AREA CA TOLL AUTHORITY ## NYC TRANSITIONAL ## ORANGE COUNTY TAX ## RIO RANCHO NEW MEXICO TAX ## NEW YORK ST ATE DORM AUTH ## VENTURA COUNTY CA ## FRANKLIN COUNTY OH ## NEW YORK CITY TAXABLE ## ST. JOHN'S PUBLIC SCHOOL ## FLORIDA ST ATE BOARD TAX ## FLORIDA ST ATE REV BOND ## BROWNSVILLE TX UTIL ## HIDALGO COUNTY TEX TAX ## XENIA OH COMM SCHOOL ## SAN JOSE C A FrNG AUTHO ## SAN JOSE CA FING AUTHO ## ALABAMBA FEDERAL AID HWY ## CITY OF NORFOLK VA TAX ## INFRASTRUCTURE BANK ## CAPE MAY COUNTY NJ TAX ## UBS TREASURY FUND (FORMERLY PRIME) ## UBS TREASURY FUND (FORfVIERLY PRIME) ## UBS TREASURY FIJND (FORMERLY PRIME) ## UBS TREASURY FUND (FORMERLY PRIME) 2026 ## SOLD/ ## MATURE 2026 0.00 0 00 0.00 0 00 0.00 0 00 0.00 0 00 0.00 0.00 0.00 0.00 0 00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 47.573.90 1, 186.951.96 1,596,228.67 4,783.178.8)1 ## BV ## PRIN ## BAL ## 12/3U2026 400,000.00 2.500,000.00 400,000.00 500,000.00 250,000 00 1,000,000.00 110,000 00 500,000.00 430,000 00 400,000.00 l ,ooo,ooo.oo 500,000.00 550,000.00 1,000,000.00 500,000.00 1,000,000.00 500,000.00 720,000.00 1,000,000.00 320,000 00 500,000.00 220,000 00 580,000.00 470,000.00 0.00 0.00 0.00 320,645. 10 35,590,645.10 ## TOT AL INVESTMENTS ## Unauiortized Preiniums ## Unauiortized Discounts ## BMO ## Money Market Accounti ## Nei Cash and Investinents 76,52'),578.5l 1,759,475 03 (4,343,552. It ) 2,263,102 50 3,758,103.43 "19,966,701.36 14,000,000.00 18,377,766.96 14,354,511 .94 46,732,278.90 23,833,933.41 19,373,998.96 14,000,000.00 57,207,932.37 66,695,645.10 1,759,475.03 (4,343,552.11) 1,266,870 50 4,112,615.37 69,491,053.89 ## PRINTED 6/1/2026 5. 4. ## CC Regular Session ## Meeting Date: 06/09/2026 ## Primary Strategic Plan Initiative: ## Not Applicable ## Title: ## Note the following Boards, Commissions and Meeting Minutes: Planning Commission — April 23, 2026. Environmental Policy Board — April 20, 2026. Economic Development Authority — April 9, 2026. Park and Rec Commission — April 9, 2026. Public Works — April 21, 2026 ## Purpose/Background: ## Approve the Meeting Minutes ## Recommendation: ## Approval ## Outcome/Action: ## Approval ## Attachments ## PC April 2026 Minutes ## EPB April 2026 Minutes ## EDA Minutes Apr 2026 ## PWC Meeting Minutes 04.21.26 ## P&R April 2026 Minutes ## Form Review ## InboxReviewed ByDate ## Mariah AlbrechtMariah Albrecht06/02/2026 10:05 AM ## Brian HagenBrian Hagen06/03/2026 12:22 PM ## Form Started By: Kalia LorStarted On: 06/02/2026 08:40 AM ## Final Approval Date: 06/03/2026 ## Environmental Policy Board / April 20, 2026 Page 1 of 5 ## ENVIRONMENTAL POLICY BOARD ## CITY OF RAMSEY ## ANOKA COUNTY ## STATE OF MINNESOTA On Monday, April 20, 2026, the Environmental Policy Board (EPB) met in the Council Chambers at the Ramsey Municipal Center, 7550 Sunwood Drive N.W., Ramsey, Minnesota. ## Members Present: Chairperson Melissa Fetterley ## Board Member Reid Bernard ## Board Member Nick Burgess ## Board Member Thomas Hagerty ## Board Member Paula Houts ## Board Member Daniel Payne ## Board Member Hassan Salami ## Members Absent: None ## Also Present: Senior Planner Chris Anderson ## City Council Liaison Kirsten Buscher ## 1. CALL TO ORDER Chairperson Fetterley called the meeting to order at 6:30 p.m. ## 2. CITIZEN INPUT None. ## 3. APPROVE AGENDA Motion by Board Member Hagerty and seconded by Board Member Bernard to approve the agenda as submitted. Motion carried. Voting Yes: Chairperson Fetterley, Board Member Hagerty, Bernard, Burgess, Houts, Payne, and Salami. Voting No: None. Absent: None. ## 4. APPROVE MINUTES ## 4.01: Approve Meeting Minutes Dated February 9, 2026 Motion by Board Member Hagerty and seconded by Board Member Bernard to approve the regular meeting minutes dated February 9, 2026. Motion carried. Voting Yes: Chairperson Fetterley, Board Member Hagerty, Bernard, Burgess, Houts, Payne, and Salami. Voting No: None. Absent: None. ## 5. POLICY BOARD BUSINESS ## Environmental Policy Board / April 20, 2026 Page 2 of 5 ## 5.01: Appoint Chair and Vice Chairperson Chairperson Fetterley welcomed the newest member of the Board. Board Member Payne introduced himself. Senior Planner Anderson stated that each year the Commissions and Boards appoint Officers. Senior Planner Anderson opened nominations for the position of Chairperson. Board Member Hagerty asked and received confirmation that the term limit had been removed for the Chair position, and Chairperson Fetterley could continue to serve. Motion by Board Member Hagerty and seconded by Board Member Houts to appoint Melissa Fetterley as Chairperson of the Environmental Policy Board. Further discussion: Chairperson Fetterley commented that she would continue to serve, but would also open up the opportunity if someone else were interested. There was no other interest in the position. Motion carried. Voting Yes: Chairperson Fetterley, Board Member Hagerty, Houts, Bernard, Burgess, Payne, and Salami. Voting No: None. Absent: None. Chairperson Fetterley opened nominations for the position of Vice Chairperson. Board Member Burgess nominated Board Member Hagerty. Board Member Hagerty nominated Board Member Bernard. Motion by Board Member Hagerty and seconded by Board Member Burgess to appoint Reid Bernard as Vice Chairperson of the Environmental Policy Board. Motion carried. Voting Yes: Chairperson Fetterley, Board Member Hagerty, Burgess, Bernard, Houts, Payne, and Salami. Voting No: None. Absent: None. 5.02: Consider Natural Resources Aspects of a Proposed Site Plan to Accommodate an Expansion of Fleet Operations at 14201 Basalt Street NW (Project No. 26-105); Case of ACE Solid Waste Inc. Senior Planner Anderson presented the staff report. He stated that the City has received a Land Use Application from Waste Connections, Inc. (DBA ACE Solid Waste Inc.) for review of a Site Plan that is intended to accommodate an expansion of their fleet used in their waste and recycling services. The Site Plan includes an expansion of parking/maneuvering areas at 14021 Basalt Street NW and installation of additional compressed natural gas fueling “stations”. The Land Use application also includes additional requests which are outside the purview of the EPB, such as a request to vacate a portion of road right-of-way at the south end of Basalt Street, adjacent to the ## Environmental Policy Board / April 20, 2026 Page 3 of 5 subject property, a rezoning of 14021 Azurite Street from I-1 Light Industrial to I-2 General Industrial, and a minor plat to combine multiple parcels into a single parcel. The applicant has stated that this is for future site planning and operations. Chairperson Fetterley asked if this plan would work regardless of whether the rezoning request is approved. Senior Planner Anderson confirmed that is accurate. Board Member Hagerty asked who would be responsible for the tree inventory. Senior Planner Anderson replied that the applicant has a design team, and the civil engineering firm will solicit or contract the work necessary for the inventory. He explained that the City reviews the inventory but is not involved in completing that work. Board Member Payne asked for more information on coniferous trees and whether some replanting could be reduced if additional coniferous trees could be retained on the site. Senior Planner Anderson confirmed that planting requirements can be offset by trees that are retained onsite. Chairperson Fetterley commented that it seems that the applicant preserved as many trees as they could, considering this is for a parking lot. Motion by Board Member Burgess and seconded by Board Member Bernard to recommend approval of the natural resources aspects of the project, contingent upon compliance with the staff review comments. Motion carried. Voting Yes: Chairperson Fetterley, Board Member Burgess, Bernard, Hagerty, Houts, Payne, and Salami. Voting No: None. Absent: None. 5.03: Review and Provide Direction on Possible Grant Opportunity: Electric Landscaping ## Equipment Pilot Program in Environmental Justice Areas Senior Planner Anderson presented the staff report. He stated that the purpose of this case is to review a potential grant opportunity through the Minnesota Pollution Control Agency (MPCA). The grant program is titled Electric Landscaping Equipment Pilot Program Grant in Environmental Justice Areas. The purpose of the grant is to provide financial assistance to individuals to purchase electric or battery-powered lawn/snow equipment, with the intention of reducing air pollution (by replacing gas-powered equipment). The grant program targets Environmental Justice areas. He stated that if the City is eligible to apply, staff would recommend pursuing the grant; and if the MPCA finds that Ramsey would be ineligible, staff would recommend against applying. Chairperson Fetterley stated that it is an interesting opportunity for people who meet the criteria. She asked if residents who applied would then be scored lower in comparison to those within environmental justice areas. ## Environmental Policy Board / April 20, 2026 Page 4 of 5 Senior Planner Anderson explained that the question would be whether Ramsey would be eligible to apply for the program without an environmental justice area and whether residents within the city would qualify for reimbursement. He explained that staff do not want to waste time if the City or its residents are not eligible. He explained that Council approval is needed for grant applications, which is why he is bringing this forward at this time. He stated that if the MPCA states that Ramsey can still apply and would not score poorly, staff could still complete and submit an application prior to the deadline. Chairperson Fetterley commented that she would not want to waste staff time if it is unlikely that the City would qualify, but could also see the benefits that would be gained if the City is deemed eligible. She hoped that staff would receive clear direction from the MPCA. Senior Planner Anderson commented that the Board could provide a recommendation to pursue, contingent upon a positive response from the MPCA. He stated that if the MPCA stated that the City is unlikely to score well, staff would not pursue the grant. Motion by Board Member Hagerty and seconded by Board Member Burgess, to recommend that the City pursue the grant opportunity, contingent upon a positive response from the MPCA. Motion carried. Voting Yes: Chairperson Fetterley, Board Member Hagerty, Burgess, Bernard, Houts, Payne, and Salami. Voting No: None. Absent: None. ## 6. BOARD / STAFF INPUT ## • Staff Updates Senior Planner Anderson stated that the Board is invited to participate in an Arbor Day planting event at Alpine Park one week from today. He also noted the Spring Recycling event scheduled for May 2 nd from 8 a.m. to noon. He also provided an update on recent City Council actions on cases previously considered by the Board and a potential review of the tree preservation standards. He stated that the May meeting date has been shifted from May 18 th to May 11 th . Chairperson Fetterley encouraged the members of the Board to participate in the tree planting event. She encouraged residents to participate in the recycling event. She referenced a recent email received related to the We Are Water event, noting that she will be attending and encouraging members of the Board to attend. She confirmed that she could forward the email to staff to disburse to the Board. ## 7. ADJOURNMENT Motion by Board Member Burgess and seconded by Board Member Hagerty, to adjourn the meeting. The meeting adjourned at 7:12 p.m. Respectfully submitted, ## Environmental Policy Board / April 20, 2026 Page 5 of 5 ________________________________ ## Chris Anderson ## Senior Planner ## ATTEST: ________________________________ ## Kalia Lor ## Planning Administrative Assistant ## Drafted by Amanda Staple TimeSaver Off Site Secretarial, Inc. ## Economic Development Authority/ April 9, 2026 Page 1 of 7 ## ECONOMIC DEVELOPMENT AUTHORITY ## CITY OF RAMSEY ## ANOKA COUNTY ## STATE OF MINNESOTA The City of Ramsey Economic Development Authority (EDA) conducted a regular meeting on Thursday, April 9, 2026, at the Ramsey Municipal Center, 7550 Sunwood Drive NW, Ramsey, Minnesota. ## Members Present: Chairperson Scott Wiyninger ## Member Nichole Bauer (via Zoom) Member Cheryal Hills (arrived at 7:51 a.m.) ## Member Rachal Johnson (via Zoom) ## Member Brittany Lindahl ## Member Chris Riley ## Member Shanna Stewart ## Members Absent: None ## Also Present: Sean Sullivan, Economic Development Manager ## 1. CALL TO ORDER Chairperson Wiyninger called the Economic Development Authority meeting to order at 7:30 a.m. ## 2. APPROVE AGENDA Motion by Member Bauer, seconded by Member Johnson, to approve the agenda. A roll call vote was performed: ## Member Bauer aye ## Member Johnson aye ## Member Stewart aye ## Member Riley aye ## Member Lindahl aye ## Chairperson Wiyninger aye Motion carried. ## 3. APPROVE MINUTES 3.01: Approve Meeting Minutes Dated March 12, 2026 ## Economic Development Authority/ April 9, 2026 Page 2 of 7 Motion by Member Bauer, seconded by Member Johnson, to approve the March 12, 2026, minutes as presented. A roll call vote was performed: ## Member Stewart aye ## Member Riley aye ## Member Lindahl aye ## Member Bauer aye ## Member Johnson aye ## Chairperson Wiyninger aye Motion carried. ## 4. EDA BUSINESS 4.01: EDA Organization: Elect Chairperson and Vice Chairperson Economic Development Manager Sullivan presented the staff report. Chairperson Wiyninger opened nominations for the position of Chairperson. Member Riley nominated Scott Wiyninger to be Chairperson. Motion by Member Riley, seconded by Member Lindahl, to appoint Scott Wiyninger as Chairperson of the Economic Development Authority through March 31, 2027. There were no other nominations. Member Lindahl moved to close nominations. A roll call vote was performed: ## Member Bauer aye ## Member Johnson aye ## Member Lindahl aye ## Member Riley aye ## Member Stewart aye ## Chairperson Wiyninger abstain Motion carried. Chairperson Wiyninger opened nominations for the position of Vice Chair. Motion by Member Stewart, seconded by Chairperson Wiyninger, to appoint Brittany Lindahl as Vice Chairperson of the Economic Development Authority through March 31, 2027. ## Economic Development Authority/ April 9, 2026 Page 3 of 7 There were no other nominations. Member Riley moved to close nominations. A roll call vote was performed: ## Member Stewart aye ## Member Riley aye ## Member Lindahl abstain ## Member Bauer aye ## Member Johnson aye ## Chairperson Wiyninger aye Motion carried. 4.02: Select 2026 Ramsey Business of the Year Economic Development Manager Sullivan presented the staff report. Member Bauer commented that she believes that RM Golf Carts should be towards the top of the list because of their investment in Ramsey. Member Stewart commented that she was leaning towards Martin Marietta or RM Golf Carts based on the fact that they like to give back to the community. She commented that she would like to see Global Glove removed. Member Johnson stated that she was leaning towards Martin Marietta. Member Lindahl commented that she was also leaning towards both of those businesses as well, leaning more towards RM Golf Carts. Member Riley stated that all of these businesses would be a good choice, and he would defer to the staff's suggestion. He likes the idea of acknowledging the resilience of RM Golf Carts, which purchased the property when it could, and then improving the property. Chairperson Wiyninger agreed that all of these businesses are incredible parts of the community and recognized the investment that RM Golf Carts has put into their property over the last year along the Highway 10 corridor. He agreed that Martin Marietta would be a great choice as well, but he leaned towards RM Golf Carts. Economic Development Manager Sullivan commented that both Martin Marietta and RM Golf Carts are great small businesses along the corridor. He stated that Global Glove employs the most people out of all these businesses. ## Economic Development Authority/ April 9, 2026 Page 4 of 7 Motion by Member Bauer, seconded by Member Lindahl, to select RM Golf Carts as the 2026 Ramsey Business of the Year. A roll call vote was performed: ## Member Lindahl aye ## Member Bauer aye ## Member Johnson aye ## Member Stewart aye ## Member Riley aye ## Chairperson Wiyninger aye Motion carried. Economic Development Manager Sullivan continued to review the staff report related to the proposed edits for the large and small lists. Member Hills arrived. Chairperson Wiyninger welcomed the newest member of the EDA. Member Hills introduced herself. Economic Development Manager Sullivan commented that all of the businesses proposed to be removed from the large list have been on the list for a long time. He commented that unless they watch an EDA meeting, the business probably does not even know it was on the large list. Member Bauer agreed that the list should be cleaned up as proposed by staff. Member Riley also agreed with the rationale provided by staff. Member Lindahl commented that she also supports the recommendation of staff because of the research and explanations that were provided. Economic Development Manager Sullivan confirmed the consensus of the group to remove those businesses and also add the two businesses he had recommended. Member Riley agreed that Diamond Graphics would be a good addition to the small list and also suggested adding Chanticlear Grille to the large list. Economic Development Manager Sullivan reviewed the suggested changes to the small list. Member Stewart stated that she would like to leave Martin Marietta on the short list. Member Bauer asked if it has been considered to add the Logan Companies Plumbing and Heating to the list. ## Economic Development Authority/ April 9, 2026 Page 5 of 7 Chairperson Wiyninger agreed that would be a great addition. Economic Development Manager Sullivan agreed that business could be added to the large list. Chairperson Wiyninger commented that Ramsey is a rapidly expanding city with a lot of incredible businesses, and while it may feel harsh to pull businesses off the list, there is an astounding amount of investment in the community from the business community. He wanted to provide staff with the opportunity to add a business to the list that may come into the community. Member Johnson stated that Ramsey seems to be a manufacturing community, but many other businesses are coming in as well. She stated that perhaps they could consider two categories for businesses in the future. Economic Development Manager Sullivan stated that he likes the concept, but there is also prestige that comes with the award, and they have only had one business recognized each year since 1989. He recognized that many of the recognized businesses have been manufacturing because it is easy for those businesses to check more boxes for the Business of the Year Criteria. He noted that sometimes a retail business comes in that shines bright, but then burns out shortly after. He noted that retail businesses have won in the past, using the example of RM Golf Carts this year. Chairperson Wiyninger confirmed consensus with the staff suggestions for the small list and the additional suggestions to keep Martin Marietta on the small list and add Chanticlear to the large list. Economic Development Manager Sullivan recognized the additional suggestion from the EDA to add Logan Companies to the large list. Motion by Member Lindahl, seconded by Member Stewart, to add Minnesota Waterjet, Wildlife Research, Logan Companies, and Chanticlear to the Large List for consideration in 2027. A roll call vote was performed: ## Member Hills aye ## Member Lindahl aye ## Member Riley aye ## Member Stewart aye ## Member Johnson aye ## Member Bauer aye ## Chairperson Wiyninger aye Motion carried. Motion by Member Lindahl, seconded by Member Bauer, to add Path Machining and Automation, Diamond Graphics, and Comfort Suites to the Small List for consideration in 2027. ## Economic Development Authority/ April 9, 2026 Page 6 of 7 A roll call vote was performed: ## Member Stewart aye ## Member Riley aye ## Member Lindahl aye ## Member Hills aye ## Member Bauer aye ## Member Johnson aye ## Chairperson Wiyninger aye Motion carried. Motion by Member Bauer, seconded by Member Lindahl, to remove Jimmy John’s, Heartland Tire, Global Glove, Willy McCoy’s, and Molin Concrete from the large or small list for future years. Further discussion: Chairperson Wiyninger expressed appreciation to each of these businesses. He stated that they are grateful for their investments in the community. A roll call vote was performed: ## Member Johnson aye ## Member Bauer aye ## Member Hills aye ## Member Lindahl aye ## Member Riley aye ## Member Stewart aye ## Chairperson Wiyninger aye Motion carried. ## 5. MEMBER / STAFF UPDATE Economic Development Manager Sullivan stated that the Business Expo is full and encouraged the EDA members to reach out to staff if they would like to volunteer at the event on April 25 th . He commented that there is a ribbon-cutting the following day at Chipotle, and Lightbridge Academy will have a ribbon-cutting on April 23 rd (rescheduled to April 16 th ). He provided a brief update on other development activity and interest received. He also provided an update on the grants applied for related to the Ramsey Town Hall rehabilitation project. ## 6. ADJOURNMENT Motion by Member Johnson, seconded by Member Lindahl, to adjourn the meeting. A roll call vote was performed: ## Economic Development Authority/ April 9, 2026 Page 7 of 7 ## Member Stewart aye ## Member Riley aye ## Member Lindahl aye ## Member Hills aye ## Member Johnson aye ## Member Bauer aye ## Chairperson Wiyninger aye Motion carried. The regular meeting of the Economic Development Authority adjourned at 8: 21 a.m. Respectfully submitted, ## Sean Sullivan ## Economic Development Manager ## ATTEST: ## Wendy Schlueter ## Economic Development Administrative Assistant ## Draft by Amanda Staple TimeSaver Off Site Secretarial, Inc. ## Public Works Committee / April 21, 2026 Page 1 of 5 ## PUBLIC WORKS COMMITTEE ## CITY OF RAMSEY ## ANOKA COUNTY ## STATE OF MINNESOTA The Public Works Committee conducted a regular meeting on Tuesday, April 21, 2026, at the Ramsey Municipal Center, 7550 Sunwood Drive NW, Ramsey, Minnesota. ## Members Present: Chairperson Chris Riley ## Councilmember Michael Olson ## Councilmember Dan Specht Also Present: City Engineer/Public Works Director Bruce Westby ## Assistant City Engineer Joe Feriancek ## 1. CALL TO ORDER Chairperson Riley called the regular meeting of the Public Works Committee to order at 5:30 p.m. ## 2. CITIZEN INPUT There was none. ## 3. APPROVE AGENDA Motion by Councilmember Specht, seconded by Councilmember Olson, to approve the agenda, as presented. Motion carried. Voting Yes: Chairperson Riley, Councilmembers Specht and Olson. Voting No: None. ## 4. APPROVE MINUTES ## 4.01: Approve February 17, 2026, Meeting Minutes Motion by Councilmember Dan Specht, seconded by Councilmember Olson, to approve the following minutes: ## Regular Meeting Minutes dated February 17, 2026 Motion carried. Voting Yes: Chairperson Riley, Councilmembers Olson and Specht. Voting No: None. ## 5. COMMITTEE BUSINESS ## Public Works Committee / April 21, 2026 Page 2 of 5 5.01: Consider Recommending City Council Approval to Adjust the Scope of Improvement Project 25-08 to Include Planned 2029 Concrete Repairs to Sunwood Drive and Rhinestone Street, and to Move the Project to 2027 Assistant City Engineer Feriancek presented the staff report and the recommendation to recommend City Council approval to adjust the scope of Improvement Project 25-08 to include the planned 2029 concrete repairs to Sunwood Drive and Rhinestone Street per the 2026-2035 Capital Improvement Plan, and adjust the project timeline to 2027. The Committee agreed that it makes sense to combine these projects together as proposed. Councilmember Specht asked about the current condition of the crosswalks and whether they could be postponed an additional year. City Engineer/Public Works Director Westby confirmed that staff would patch them for 2026. Motion by Councilmember Specht, seconded by Councilmember Olson, to recommend City Council approval to adjust the scope of Improvement Project 25-08 to include the planned 2029 concrete repairs to Sunwood Drive and Rhinestone Street per the 2026-2035 Capital Improvement Plan, and adjust the project timeline to 2027 construction season. Motion carried. Voting Yes: Chairperson Riley, Councilmembers Specht and Olson. Voting No: None. 5.02: Consider Recommending City Council Approving Plans and Specifications and Authorizing Advertisement for Bids for Carol-Rose Acres & Sports Haven Street ## Reconstruction, Improvement Project #26-03 Assistant City Engineer Feriancek reviewed the staff report and recommendation to recommend City Council approval of plans and specifications and authorize advertisement for bids for Carol- Rose Acres and Sports Haven Street Reconstructions, Improvement Project #26-03. Motion by Councilmember Olson, seconded by Councilmember Specht, to recommend City Council approve plans and specifications and authorize advertisement for bids for Carol-Rose Acres and Sports Haven Street Reconstructions, Improvement Project #26-03. Motion carried. Voting Yes: Chairperson Riley, Councilmembers Olson and Specht. Voting No: None. 5.03: Consider Recommending City Council Approval of Plans and Authorization to Solicit ## Quotes for 2026 Pavement Skim Patching Contracted Services, Maintenance Project #26-53 City Engineer/Public Works Director Westby reviewed the staff report and recommendation for City Council approval of plans and authorization to solicit quotes for 2026 Pavement Skim Patching Contracted Services, Maintenance Project #26-53. ## Public Works Committee / April 21, 2026 Page 3 of 5 City Engineer/Public Works Director Westby stated staff identified streets in 7 residential areas that would benefit greatly from 2026 skim patching improvements but funds are only available to skim patch 3 to 5 of the areas. Staff therefore proposes to solicit base quotes for areas 1 through 3, and to solicit alternate quotes for areas 4 and 5, thereby allowing the city to spend as much available funding as possible. Chairperson Riley asked how all identified project areas could be funded. City Engineer/Public Works Director Westby replied that he would need to speak with the Finance Director to determine how that could be funded. Chairperson Riley recognized that these would not all be identified if they did not need the work done, so he would like to find a way to fund all identified 2026 skim patching project areas. City Engineer/Public Works Director Westby replied that areas one through four would be $19,000 over the budgeted amount. He provided the cost estimates for areas five through seven, which would add an additional $85,000, leaving a short-fall of over $100,000. Chairperson Riley asked and received confirmation that if the work is not completed this year, it will become a top priority for the next year. Councilmember Olson asked if they are catching up on this, falling behind, or just maintaining. City Engineer/Public Works Director Westby stated that he would not say they are falling behind, as they are just trying to hold roads together until they can be repaired. He stated that overall, we are catching up with road repair needs through the Pavement Management Plan, but we cannot repair all roads that need repairs in the short term. He commented that the skim patching is providing good results and has been holding up well to plowing and traffic. Chairperson Riley stated that he would like to do all the work, but realized there are budget constraints. Councilmember Specht asked about the current bidding climate. Assistant City Engineer Feriancek stated that they have received good bid pricing so far this year, but would expect that they would eventually start to climb up a bit with the increase in fuel costs. City Engineer/Public Works Director Westby commented that he could speak with the Finance Director to determine if they could increase the funding. He asked if there would be a desire to increase that item within the annual budget in order to complete more skim patching each year. Chairperson Riley commented that he would agree with proposing a $50,000 increase to the budget line item for 2027. He stated that he would also support increasing the budget for the item this year, to the extent possible, to complete as much of the work as possible. ## Public Works Committee / April 21, 2026 Page 4 of 5 Motion by Councilmember Olson, seconded by Councilmember Specht, to recommend City Council approval of plans and authorization to solicit quotes for 2026 Pavement Skim Patching Contracted Services, Maintenance Project #26-53, with direction for staff to look for additional funding to complete all or most of the identified 2026 skim patching work, and to increase the 2027 budget line item for skim patching work by $50,000. Motion carried. Voting Yes: Chairperson Riley, Councilmembers Olson and Specht. Voting No: None. Councilmember Specht left the meeting. 5.04: Consider Recommendation for City Council Authorization to Prepare Plans and Agreements for Street Lighting Improvements for Riverdale Drive and Highway 10 ## North Frontage Roads City Engineer/Public Works Director Westby reviewed the staff report and recommendation to recommend City Council authorization for Connexus Energy to prepare plans and agreements for street lighting improvements for unlit segments of Riverdale Drive and Highway 10 North Frontage Roads. Chairperson Riley asked if it would be Connexus or staff determining the placement of the lights. City Engineer/Public Works Director Westby replied that staff would decide on the light placement and Connexus would complete the plans. He confirmed that staff would propose minimal lighting, mainly at intersections, mid-block trail crossings, and potentially for sidewalks and trails. Motion by Councilmember Olson, seconded by Chairperson Riley, to recommend City Council authorization for Connexus Energy to prepare plans and agreements for street lighting improvements for unlit segments of Riverdale Drive and Highway 10 North Frontage Roads. Motion carried. Voting Yes: Chairperson Riley and Councilmember Olson. Voting No: None. ## 6. COMMITTEE / STAFF INPUT 6.01: Receive Updates on Improvement Projects, Studies, and Items of Interest City Engineer/Public Works Director Westby provided an update on current and proposed City, County, and MnDOT improvement projects and studies, and on other items of interest to the Committee. Chairperson Riley commented that he believed they were purchasing a prefabricated building for The Waterfront waterplay park. City Engineer/Public Works Director Westby commented that he had the same general understanding, but that was not the case. He confirmed that it is not causing a delay in the schedule or impacting the budget. He reported that the Water Treatment Plant is running well with no ## Public Works Committee / April 21, 2026 Page 5 of 5 hiccups. He noted that they will soon stop testing for manganese, as only trace amounts of manganese are being detected during testing. He stated an updated article will be included in an upcoming issue of the Ramsey Resident to inform readers that the plant is working well and is removing iron and manganese to only trace residual amounts. Assistant City Engineer Feriancek noted the previous reconstruction of Andre Street/164 th ## Avenue in 2016 and stated staff has observed increased pavement cracking this spring, much more than was expected. He noted that the roadway missed the window when a sealcoat would have been done, and staff reviewed a few others that fell within that same window. He stated that staff are proposing to do a further review of Andre Street to determine why it is failing in this way, as the other roads within that window are not in the same condition. He commented that they would do some pavement cores to gain more information. Chairperson Riley commented that he has seen the condition of the roadway and agrees that this makes sense to do further review. He noted an area of pavement that needs attention, on Sunwood Drive in the turn lane next to Chipotle. City Engineer/Public Works Director Westby commented that he had not noticed that, but staff will review that area. ## 6.02: Review Future Topics Calendar City Engineer/Public Works Director Westby provided additional details on the asset management item marked for quarter two and the reason it continues to be pushed out. ## 7. ADJOURNMENT Motion by Councilmember Olson, seconded by Chairperson Riley, to adjourn the Public Works Committee meeting. Motion carried. The regular meeting of the Public Works Committee adjourned at 6:36 p.m. Respectfully submitted, ______________________________ ## Bruce Westby ## City Engineer/Public Works Director ## Drafted by Amanda Staple TimeSaver Off Site Secretarial, Inc. ## Park and Recreation Commission/ April 9, 2026 Page 1 of 4 ## PARK AND RECREATION COMMISSION ## CITY OF RAMSEY ## ANOKA COUNTY ## STATE OF MINNESOTA The Ramsey Park and Recreation Commission conducted a regular meeting on April 9, 2026, at the Ramsey Municipal Center, 7550 Sunwood Drive NW, Ramsey, Minnesota. ## Commission Members Present: Vice Chair Nathan Barten ## Commissioner Garth Anderson ## Commissioner Shane Bennett (via Zoom) ## Commissioner Laura Moore ## Commissioner Dean Olson ## Commission Members Absent: Chair Megan Ealain ## Commissioner Todd Arts ## Also Present: City Council Liaison Eric Peters ## Parks & Assistant Public Works Director Mark Riverblood ## 1. CALL TO ORDER Acting Chair Barten called the Park and Recreation Commission meeting to order at 6:30 p.m. ## 2. CITIZEN INPUT None. ## 3. APPROVE AGENDA Motion by Commissioner Bennett, seconded by Commissioner Moore, to approve the Park and Recreation Commission meeting agenda as presented. Motion carried. Voting Yes: Acting Chair Barten; Commissioners Bennett, Moore, Anderson, and Olson. Voting No: None. Absent: Chair Ealain and Commissioner Arts. ## 4. APPROVE MINUTES ## 4.01: Approve Park and Recreation Commission Meeting Minutes Motion by Commissioner Bennett, seconded by Commissioner Anderson, to approve the ## following Park and Recreation Commission Regular Meeting Minutes: • Park and Recreation Commission Meeting Minutes dated March 12, 2026 ## Park and Recreation Commission/ April 9, 2026 Page 2 of 4 Motion carried. Voting Yes: Acting Chair Barten; Commissioners Bennett, Anderson, Moore, and Olson. Voting No: None. Absent: Chair Ealain and Commissioner Arts. ## 5. COMMISSION BUSINESS 5.01: Nominate Chair and Vice-Chairperson of the Park and Recreation Commission Motion by Acting Chair Barten, seconded by Commissioner Olson, to designate Shane Bennett as Chair of the Park and Recreation Commission from April 2026 through March 31, 2027. Commissioner Bennett accepted the nomination. Motion carried. Voting Yes: Acting Chair Barten; Commissioners Olson, Anderson, and Moore. Voting No: None. Absent: Chair Ealain and Commissioner Arts. Acting Chair Barten asked if there is any interest in the Vice Chair position. He noted that he would be willing to continue in the position if no one else were interested. Motion by Commissioner Bennett, seconded by Commissioner Olson, to designate Nathan Barten as Vice Chair of the Park and Recreation Commission from April 2026 through March 31, 2027. Motion carried. Voting Yes: Acting Chair Barten; Commissioners Bennett, Anderson, Moore, and Olson. Voting No: None. Absent: Chair Ealain. 5.02: Tree Planting with Ramsey’s Environmental Policy Board and Parks and Recreation ## Department/Commission Parks & Assistant Public Works Director Riverblood stated that the City has been a Tree City for the past four decades, and the City annually holds a tree planting. He stated that this year they will be using funds from the $84,000 grant received from the Metropolitan Council for Ash tree replacement in parks and boulevards. He stated that, along with volunteers, they will be planting 20 trees at Alpine Park on April 27 th . He encouraged members of the Commission to attend and participate. Acting Chair Barten thanked staff for applying for and being successful with the grant. Commissioner Bennett asked for information on the timing of additional tree planting as a result of the grant funds. Parks & Assistant Public Works Director Riverblood commented that while he hopes that the additional 109 trees would be planted in the spring, he also acknowledged that spring is the busiest time of year for parks staff. He noted that any of the trees that are not planted in the spring will be planted in the fall. Acting Chair Barten asked if there are any plans to ensure that native trees will be planted. ## Park and Recreation Commission/ April 9, 2026 Page 3 of 4 Parks & Assistant Public Works Director Riverblood commented that the grant text included a list of tree species that could be planted, along with other regulations to ensure that the City does not plant too many of one species. ## 5.03: Consider Park and Recreation 2026 Outdoor Meeting Schedule Parks & Assistant Public Works Director Riverblood stated that each year, the Commission identifies an outdoor meeting schedule. He explained that the outdoor meeting allows the Commission members to visit different parks and meet residents in their own neighborhoods for more casual conversations. He stated that in the staff report, he made some suggestions, including The Waterfront in July and The Draw in August. He welcomed input from the Commission on the other meeting locations. Acting Chair Barten noted the planned improvements for Riverdale Park this year and wondered if that could be a good fit for September. Parks & Assistant Public Works Director Riverblood commented that the grant application for that project was just submitted, and they will not hear back until June. He stated that the playground project may not be completed by that time and noted that the Commission also visited that park last September. He stated that in May, the Commission could visit Central Park, as that would be one year from completion of the playground project. He noted that in June, the Commission could consider Emerald Pond and noted that North Commons could be a good choice for September. He anticipated that the Commission would be discussing an additional community garden as the plots at North Commons are full, and the anticipated painting of the water tower would require the community garden at North Commons to be taken offline for a season. Commissioner Bennett stated that he also had Emerald Pond on his list, as they had not been there for a while. He also agreed that North Commons would be a good location, especially with the anticipated interruption to the community garden. Acting Chair Barten asked about the playgrounds that were next on the list for replacement. He stated that he would not recommend changing the outdoor meeting locations as discussed, but would like to visit those other locations on his own. Parks & Assistant Public Works Director Riverblood stated that Solstice and Flintwood Terrace were the other top parks for playground replacement. Motion by Commissioner Moore, seconded by Commissioner Anderson, to approve the 2026 outdoor meeting locations as follows: May 14 th ## at Central Park, June 11 th ## at Emerald Pond, July 9 th ## at The Waterfront, August 13 th at The Draw, and September 10 th at North Commons. Motion carried. Voting Yes: Acting Chair Barten; Commissioners Moore, Anderson, Bennett, and Olson. Voting No: None. Absent: Chair Ealain and Commissioner Arts. ## 6. COMMISSION/STAFF INPUT ## Park and Recreation Commission/ April 9, 2026 Page 4 of 4 Parks & Assistant Public Works Director Riverblood stated that a list of recreational events and programming was included in the staff report and provided a brief overview. Commissioner Moore commented that it is Parks and Recreation Week at the farmers market on July 7 th and asked if there is anything needed from the Commission for that event. Park & Assistant Public Works Director Riverblood stated that the Recreation Coordinator most likely has some ideas and can provide more information on that before the event. ## 7.ADJOURNMENT Motion by Commissioner Bennett, seconded by Commissioner Moore, to adjourn the meeting. Motion carried. Voting Yes: Acting Chair Barten; Commissioners Bennett, Moore, Anderson, and Olson. Voting No: None. Absent: Chair Ealain and Commissioner Arts. The Park and Recreation Commission meeting adjourned at 6:54 p.m. Respectfully submitted, ________________________________ ## Mark Riverblood ## Parks & Assistant Public Works Director ## Drafted by Amanda Staple TimeSaver Off Site Secretarial, Inc. 5. 5. ## CC Regular Session ## Meeting Date: 06/09/2026 ## Primary Strategic Plan Initiative: Enhance City’s communication through transparency and accountability. ## Title ## Approve the Following Meeting Minutes: ## 1. City Council Work Session dated May 26, 2026 ## 2. City Council Regular Session dated May 26, 2026 ## Purpose/Background: Purpose: The purpose of this case is for Council review and approval of meeting minutes. Background: Attached are the meeting minutes referenced above. ## Recommendation: Approve the meeting minutes. ## OutcomeAction: Motion to approve the following Council meeting minutes: ## 1. City Council Work Session dated May 26, 2026 ## 2. City Council Regular Session dated May 26, 2026 ## Attachments ## 5-26-26 CCWS 5-26-26 Meeting ## Form Review ## InboxReviewed ByDate ## Brian HagenBrian Hagen06/04/2026 10:30 AM ## Form Started By: Katie SchmidtStarted On: 06/04/2026 10:00 AM ## Final Approval Date: 06/04/2026 ## City Council Work Session / May 26, 2026 Page 1 of 4 ## CITY COUNCIL WORK SESSION ## CITY OF RAMSEY ## ANOKA COUNTY ## STATE OF MINNESOTA The Ramsey City Council conducted a City Council Work Session on Tuesday, May 26, 2026, at the Ramsey Municipal Center, 7550 Sunwood Drive NW, Ramsey, Minnesota. ## Members Present: Mayor Ryan Heineman ## Councilmember Kirsten Buscher ## Councilmember Michael Olson ## Councilmember Eric Peters ## Councilmember Chris Riley ## Councilmember Dan Specht ## Councilmember Shanna Stewart ## Also Present: City Administrator Brian Hagen ## Community Development Director Stephanie Hanson ## Planning Manager Todd Larson ## City Attorney Amanda Johnson ## 1. CALL TO ORDER Mayor Heineman called the City Council Work Session to order at 5:31 p.m. ## 2. TOPICS FOR DISCUSSION ## 2.01: 2025 Comprehensive Plan Update Planning Manager Larson introduced the City’s required 2050 Comprehensive Plan update process, explaining that the document serves as Ramsey’s long-range policy guide for land use, transportation, utilities, infrastructure, housing, and redevelopment planning over the next 20 years. He reviewed the Metropolitan Council’s role in coordinating the seven-county metro area planning process and explained that Ramsey is classified as a “Suburban Edge” community. Council discussion focused heavily on how population growth projections, employment forecasts, transportation analysis zones, sewer capacity planning, and affordable housing allocations will influence the City’s future land use decisions. Planning Manager Larson noted that while the existing 2040 Comprehensive Plan remains strong overall, updates are necessary to incorporate new Metropolitan Council system statement requirements and revised growth projections. He also outlined a tentative timeline that includes consultant assistance, public hearings, intergovernmental review, and a targeted early submission date in October 2027 to qualify for additional Metropolitan Council grant funding. ## City Council Work Session / May 26, 2026 Page 2 of 4 Council discussion centered primarily on how involved the Council should be throughout the process, particularly in land-use and zoning decisions that could affect Ramsey’s rural character and future development patterns. There was emphasis on the importance of not treating the update as a mere procedural exercise, but rather carefully evaluating the long-term impacts of future land- use decisions to avoid comprehensive plan amendments. Several Councilmembers supported relying heavily on the Planning Commission for technical review while also scheduling joint Council-Planning Commission work sessions at key decision points. Councilmembers also discussed public engagement strategies, including open houses, farmers market outreach, and broader community input opportunities, depending on the scale of proposed changes. Some members stressed the need to push back against the Metropolitan Council's density expectations where appropriate to preserve Ramsey’s community character and better reflect residents' preferences. ## 2.02: Wage Theft Enforcement Councilmember Buscher introduced a presentation regarding wage theft enforcement and labor exploitation concerns in the construction industry. Mr. Andy Wilkin, Government Affairs Representative for Sheet Metal Workers Local 10, Mr. Matt Urban, Sprinkler Fitters and Fire Protection Local 417, Mr. Paul Martin, Sheet Metal Workers, Mr. Woodrow Piner, Carpenters Union, Mr. Tim Watkins, Education and Policy Coordinator with the Fair Contracting Foundation of Minnesota, and Mr. Dylan Ranchoff, Boilermakers Local 647, spoke about recent statewide wage theft investigations, labor trafficking concerns, payroll fraud, worker misclassification, and enforcement challenges tied to publicly funded development projects. The representatives referenced a recent Minnesota Department of Labor and Industry settlement involving more than $1.28 million in wage theft violations connected to labor brokerage firms. They described broader industry concerns involving contractors paying workers off the books, avoiding taxes and benefits, and exploiting undocumented or vulnerable workers. Labor representatives indicated these practices harm workers, undercut responsible contractors, reduce tax revenue, and expose municipalities to reputational and financial risks when taxpayer- supported projects indirectly fund exploitative practices. Additional testimony included several examples of alleged labor exploitation, wage theft, worker intimidation, workers’ compensation fraud, labor trafficking, and unsafe construction practices occurring on projects throughout the Twin Cities metro area. The representatives discussed how municipalities such as Brooklyn Park adopted claw back provisions tied to TIF agreements and prevailing wage policies to discourage unethical subcontracting practices. ## City Council Work Session / May 26, 2026 Page 3 of 4 Labor representatives also outlined several policy tools available to municipalities, including apprenticeship utilization requirements, responsible bidder policies, prevailing wage requirements, project labor agreements, and community benefit agreements. Councilmembers asked questions about prevailing wage calculations, the applicability of these policies to union and non-union contractors, current City enforcement practices, and the potential administrative costs of increased oversight. The Council discussion ultimately reflected support for continuing the conversation and exploring additional tools to combat unethical labor practices while also ensuring ethical non-union contractors are not unfairly excluded from City projects. The Council generally supported directing staff to research additional policy options and bring information back for future discussion. ## 2.03: Project Labor Agreement Policy Discussion of project labor agreements took place alongside the wage theft enforcement presentation. It focused on how the City could incorporate additional labor standards and contractor accountability measures into future public projects and development agreements. Labor representatives explained that project labor agreements are pre-hire agreements that establish standards related to labor sourcing, training, wages, benefits, apprenticeship participation, and, in some cases, local hiring requirements. The representatives emphasized that such agreements can apply to both union and non-union contractors. They argued that these policies help ensure that taxpayer-supported projects are completed by responsible contractors who operate lawfully and ethically. The representatives also noted that research on prevailing wage and project labor agreement policies generally shows little to no overall increase in project costs compared with similar projects without such requirements. Councilmembers discussed how Ramsey currently relies primarily on State responsible contractor laws and prevailing wage compliance requirements for State or federally funded projects, but does not actively audit payroll records or enforce additional contractor accountability standards for locally funded projects. The conversation also focused on the possibility of adding contractor disclosure requirements, claw back provisions tied to labor violations, and best-value bidding criteria into future RFPs and development agreements. Several councilmembers expressed support for exploring policies to prevent City funds from supporting contractors connected to wage theft or labor trafficking, while maintaining a fair process for ethical non-union contractors to compete for City work. ## City Council Work Session / May 26, 2026 Page 4 of 4 The Council generally agreed to continue researching potential labor accountability measures and asked staff to return with additional information regarding available policy tools and implementation options. ## 3. TOPICS FOR FUTURE DISCUSSION ## 3.01: Review Future Topics/ Calendar Noted. ## 4. MAYOR / COUNCIL / STAFF INPUT ## 4.01: Update on Outside Committees The Council will review at the next Work Session. ## 5. ADJOURNMENT The Work Session of the City Council was adjourned at 6:47 p.m. Respectfully submitted, _________________________________ ## Brian S. Hagen ## City Administrator ## ATTEST: __________________________________ ## Katie M. Schmidt ## City Clerk ## Drafted by Sue Osbeck TimeSaver Off-Site Secretarial, Inc. City Council /May 26, 2026 Page 1 of 19 ## TABLE OF CONTENTS 1. CALL TO ORDER ................................................................................................................. 2 2. APPROVE AGENDA ............................................................................................................ 2 3. PRESENTATIONS................................................................................................................. 3 3.01 Oath of Office – Fire Chief/Emergency Management Director ..................................... 3 3.02 Annual Public Works Department Update ..................................................................... 3 4. CITIZEN INPUT .................................................................................................................... 4 5. CONSENT AGENDA ............................................................................................................ 4 6. PUBLIC HEARING ............................................................................................................... 5 7. COUNCIL BUSINESS ........................................................................................................... 5 7.01: Authorization to Hire a Part-Time Communications Specialist ................................. 5 7.02: Adopt Ordinance #26-06, Approving a Zoning Map Amendment from I-1, Light Industrial, to I-2, General Industrial, for 14021 Azurite St NW, 14021 Basalt St NW, and 14050 Basalt St NW; Case of ACE Solid Waste ........................................................................ 6 7.03: Adopt Ordinance #26-10 Authorizing the City of Ramsey to Sell/Convey Parcel of Real Property .............................................................................................................................. 6 ## 7.04: Adopt Resolution #26-127 Approving Purchase Agreement, Right of Re-Entry Agreement, and Sale of City Property to LH Road, LLC ........................................................... 7 7.05: Adopt Resolution #26-114 Accepting Bids and Awarding Contract for 2026 ## Neighborhood Pavement Overlay Improvements, Improvement Project #26-08 ...................... 7 7.06: Adopt Resolution #26-102 Designating the Historic Minnesota State Flag as the Official Flag of the City of Ramsey to Ensure Local Control and Fiscal Responsibility ........... 8 ## 7.07: Adopt Resolution #26-108 Expressing Formal Disapproval and Censure of Governor Tim Walz .................................................................................................................. 11 7.08: Adopting Resolution #26-111 Authorizing Staff to Explore City’s Ability to File Claim Against Governor Walz and Other State Leaders .......................................................... 14 8. MAYOR, COUNCIL AND STAFF INPUT ........................................................................ 18 8.01 Legislative Update ........................................................................................................... 18 9. ADJOURNMENT................................................................................................................. 18 City Council /May 26, 2026 Page 2 of 19 ## CITY COUNCIL ## CITY OF RAMSEY ## ANOKA COUNTY ## STATE OF MINNESOTA The Ramsey City Council conducted a regular meeting on Tuesday, May 26, 2026, at the Ramsey Municipal Center, 7550 Sunwood Drive NW, Ramsey, Minnesota. ## Members Present: Mayor Ryan Heineman ## Councilmember Kirsten Buscher ## Councilmember Michael Olson ## Councilmember Eric Peters ## Councilmember Chris Riley ## Councilmember Dan Specht ## Councilmember Shanna Stewart ## Members Absent: None ## Also Present: City Administrator Brian Hagen ## City Engineer/Public Works Director Bruce Westby ## Community Development Director Stephanie Hanson ## Parks and Assistant Public Works Director Mark Riverblood ## Fire Chief Andy Winkel ## Police Chief Brad Bluml ## Assistant City Engineer Joe Feriancek ## Economic Development Manager Sean Sullivan ## City Attorney Amanda Johnson ## 1. CALL TO ORDER Mayor Heineman called the regular meeting of the Ramsey City Council to order at 7:00 p.m., followed by the Pledge of Allegiance led by Mayor Heineman. ## 2. APPROVE AGENDA Motion by Councilmember Olson, seconded by Councilmember Specht, to approve the agenda as presented. Councilmember Riley indicated that at the previous meeting, he moved to remove three items from the agenda, in hopes they would return during a work session, where they could be discussed and developed more thoroughly rather than debated from the dais. He explained he believed those discussions would have been more appropriate in a work session setting. Still, he added that the City is best served by moving forward, voting the items up or down, and allowing residents to see the Council’s decision. City Council /May 26, 2026 Page 3 of 19 Motion carried. Voting Yes: Mayor Heineman, Councilmembers Buscher, Olson, Peters, Riley, Specht, and Stewart. Voting No: None. ## 3. PRESENTATIONS ## 3.01 Oath of Office – Fire Chief/Emergency Management Director City Administrator Hagen thanked the Mayor, Council, and Ramsey residents and noted that at the previous Council meeting, the City recognized retiring Fire Chief Matt Kohner. He explained the City was now welcoming its next Fire Chief, Andy Winkel, who had started the prior Monday. He indicated Chief Winkel brings 18 years of experience in the fire service, including work as a paid- on-call firefighter with the Spring Lake Park, Blaine, Mounds View Fire Department, where he concluded his tenure as a battalion chief. He added that Chief Winkel also served in full-time roles with the City of Blaine as a fire inspector and, most recently, with the Anoka Champlin Fire Department as Assistant Fire Chief. City Administrator Hagen also thanked Chief Winkel’s family for their support, noting the position requires continual availability and commitment. He expressed excitement about welcoming Chief Winkel to the City team before turning the meeting over to Mayor Heineman for the oath of office. Mayor Heineman administered the Oath of Office to Fire Chief Winkel. Fire Chief Winkel thanked the Mayor, Council, and Ramsey community for the opportunity to serve as the City’s next fire chief. He expressed appreciation for the warm welcome he has received and noted he looks forward to working with firefighters, staff, City leaders, and residents to continue providing high-quality service. Fire Chief Winkel also thanked his family and mentors for their support throughout his career. ## 3.02 Annual Public Works Department Update City Engineer/Public Works Director Westby provided the Council with an annual Public Works update, highlighting the department’s mission, staffing, snow operations, street and utility maintenance responsibilities, and the successful completion of the new water treatment plant, which began operating earlier in the year. He noted Public Works maintains City buildings, streets, stormwater systems, utilities, and parks infrastructure while continuing to meet snowplowing targets and respond to increasing operational demands. Parks and Assistant Public Works Director Riverblood summarized Parks and Recreation operations, noting extensive maintenance responsibilities for parks, trails, athletic fields, playgrounds, irrigation systems, and emerald ash borer-related tree removal. He also highlighted recreation programming, new amenities including a fishing pier and waterfront improvements, and construction progress on the City’s large regional splash pad project, which remains on schedule for a July opening. City Council /May 26, 2026 Page 4 of 19 ## 4. CITIZEN INPUT Mr. Matt Woestehoff, 16078 Uranium Street NW, explained he was not speaking about the three cases on the agenda because his views had not changed from the previous meeting. Instead, he focused on the importance of City staff, noting that Councils change over time while staff members remain responsible for operating and maintaining City services. He expressed concern over declining employee survey results regarding whether staff would recommend working for the City of Ramsey, citing a decrease from 96 percent in 2007 to 69 percent in 2026. He indicated he believed the decline reflected changes in governing style and concerns about how the Council interacts with staff, boards, and commissions, adding that recent Council actions demonstrated a top-down approach that he felt limited the independence and expertise of advisory bodies such as the Planning Commission. Mr. Rodney Holland, a Ramsey resident on 142nd Avenue, thanked the Mayor and Council for their service and explained that he normally does not attend Council meetings but felt compelled to speak because he believes divisive issues are being raised. He indicated he does not believe those types of issues are appropriate matters for the Council to become involved in. ## 5. CONSENT AGENDA Motion by Councilmember Peters, seconded by Councilmember Olson, to approve the following items on the Consent Agenda: ## 5.01: Approve the Following Meeting Minutes: ## 1) City Council Work Session dated May 12, 2026 ## 2) City Council Regular Session dated May 12, 2026 ## 5.02: Approve Business License Applications 5.03: Authorization to Promote a Community Service Officer to Patrol Officer 5.04: Authorize the Application for Federal Funding for the Mississippi Skyway ## Pedestrian Bridge 5.05: Adopt Resolutions #26-116, 26-117, 26-118, 26-119, 26-120, 26-121, 26-122, and ## 26-123 Ordering Plans and Specifications for 2027 Pavement Management ## Program Projects 5.06: Adopt Resolution #26-125 Approving Final Plans and Specifications and ## Authorizing Advertisement for Bids for Riverside West Street Reconstruction, ## Improvement Project #26-06 5.07: Adopt Resolution #26-126 Approving Second Amendment to Lease; Mille Lacs Motor Sports II, Inc. 5.08: Adopt Resolution #26-128 Initiating Process for Approval of a Redevelopment ## Project Area and Calling a Public Hearing 5.09: Adopt Resolution #26-129 Initiating Request for Anoka County Housing and ## Redevelopment Authority Funding for Redevelopment Project 5:10: Adopt Resolution #26-130 Approving Partial Payment No. 3 to H+U Construction ## Improvement Project #25-58; The Waterfront Waterplay Park Improvement 5:11: Adopt Resolution #26-131 Calling for a Public Hearing by the City Council on the Proposed Adoption of a Modification to the Development Program for City Council /May 26, 2026 Page 5 of 19 Development District No. 1 and Establishment of Tax Increment Financing District No. 20 (Trident) Within Development District No. 1 and Approving the Tax ## Increment Financing Plan Therefor 5:12: Adopt Resolution #26-132 Approving First Amendment to Purchase Agreement for Sale of Lot 1, Block 7, Waterfront Village: Roers Ramsey Apartments I LLC 5:13: Adopt Resolution #26-133 Approving Cash Disbursements Made and Authorizing Payment of Accounts Payable Invoicing Received During the Period of May 7, 2026, through May 20, 2026 5:14: Adopt Resolution #26-134 Authorizing Solicitation of Requests for Proposals for a Well Sitting Study for Wells #9 and #10 Motion carried. Voting Yes: Mayor Heineman, Councilmembers Buscher, Olson, Peters, Riley, Specht, and Stewart. Voting No: None. ## 6. PUBLIC HEARING ## 7. COUNCIL BUSINESS ## 7.01: Authorization to Hire a Part-Time Communications Specialist City Administrator Hagen explained that the City Council is being asked to consider authorizing the hiring of a part-time Communications Specialist position included in the 2026 budget. He explained the position is needed to support the City’s growing communications workload, provide backup for the Communications Coordinator, assist with elections, manage social media and website content, and improve continuity across communication platforms. Following a competitive recruitment process, staff recommended hiring Rachel Lahlum, noting that she had completed the required background checks and would be subject to the AFSCME contract and probationary requirements. Motion by Councilmember Peters, seconded by Councilmember Buscher, to hire Ms. Rachel Lahlum as part-time Communications Specialist, effective on or near June 15, 2026, at $30.803 per hour (step one of the 2026 wage scale). Councilmember Riley explained he opposed creating the part-time Communications Specialist position, emphasizing his opposition was not directed at the individual recommended for hire. He noted he has consistently opposed expanding the City’s communications staffing. He recalled that only a few years earlier, the communications role had been combined with event coordination duties before becoming a standalone communications position. He indicated he does not believe an additional communications position is necessary. Councilmember Specht indicated he would not support the new Communications Specialist position, emphasizing his comments were not directed at the individual recommended for hire. He explained his concern centered on the City’s budget and stated he does not believe the City can afford the additional position while trying to keep the budget in line. City Council /May 26, 2026 Page 6 of 19 Motion failed. Voting Yes: Mayor Heineman, Councilmembers Buscher, and Peters. Voting No: Councilmembers Riley, Specht, Stewart, and Olson. 7.02: Adopt Ordinance #26-06, Approving a Zoning Map Amendment from I-1, Light Industrial, to I-2, General Industrial, for 14021 Azurite St NW, 14021 Basalt St NW, ## and 14050 Basalt St NW; Case of ACE Solid Waste Community Development Director Hanson explained that the three properties under consideration are currently zoned I-1, and the proposed amendment would rezone them to I-2. She noted the Planning Commission recommended approval of the zoning map amendment on April 23, and the City Council later held a public hearing and introduced Ordinance #26-06 on May 12. She stated that the recommendation before the Council was to adopt Ordinance #26-06, approving the zoning map amendment. Motion by Councilmember Riley, seconded by Councilmember Specht, to adopt Ordinance #26- 06, Amending Section 106-120 “Official Zoning Map” of Chapter 106 of the City Code of Ramsey, Minnesota. A roll call vote was performed: ## Councilmember Buscher aye ## Councilmember Riley aye ## Councilmember Stewart aye ## Councilmember Olson aye ## Councilmember Specht aye ## Councilmember Peters aye ## Mayor Heineman aye Motion passed. 7.03: Adopt Ordinance #26-10 Authorizing the City of Ramsey to Sell/Convey Parcel of ## Real Property Economic Development Manager Sullivan explained the Council was considering adoption of Ordinance #26-10 regarding surplus property within the City’s industrial park near Wildlife Research, Zoubak Investments, and Minnesota Water Jet. He noted the incorrect ordinance had been included in the meeting packet and clarified the correct ordinance and parcel information for the record. He stated the property is considered nominal and marginal land. He explained that the City must first declare the parcel surplus property before it can proceed with any transaction involving the land. Motion by Councilmember Peters, seconded by Councilmember Olson, to adopt Ordinance #26- 10, authorizing the City of Ramsey to sell/convey a parcel of real property. A roll call vote was performed: City Council /May 26, 2026 Page 7 of 19 ## Councilmember Buscher aye ## Councilmember Riley aye ## Councilmember Stewart aye ## Councilmember Olson aye ## Councilmember Specht aye ## Councilmember Peters aye ## Mayor Heineman aye Motion passed. 7.04: Adopt Resolution #26-127 Approving Purchase Agreement, Right of Re-Entry ## Agreement, and Sale of City Property to LH Road, LLC Economic Development Manager Sullivan presented a proposed development agreement involving the sale of surplus City land east of Wildlife Research to support expansion of the existing business. He explained the currently unbuildable property would require significant infrastructure and stormwater improvements, estimated at nearly $650,000, before development could occur. The project includes a phased warehouse expansion for Wildlife Research, future expansion opportunities for neighboring properties, and is expected to generate approximately $100,000 annually in new taxes once completed. Motion by Councilmember Stewart, seconded by Councilmember Specht, to adopt Resolution #26-127, approving Purchase Agreement, Right of Re-Entry Agreement, and Sale of City Property to LH Road, LLC, (as presented), subject to City Attorney review. Motion carried. Voting Yes: Mayor Heineman, Councilmembers Buscher, Olson, Peters, Riley, Specht, and Stewart. Voting No: None. 7.05: Adopt Resolution #26-114 Accepting Bids and Awarding Contract for 2026 ## Neighborhood Pavement Overlay Improvements, Improvement Project #26-08 Assistant City Engineer Feriancek presented the 2026 Neighborhood Overlay Improvement Project, which includes pavement improvements in four neighborhoods across the City totaling approximately 1.39 miles of streets. He explained that the project involves mill-and-overlay work, ADA ramp upgrades, and concrete replacement, with bids coming in below the engineer’s estimate. He noted North Valley was the low bidder at approximately $499,000, and staff recommended awarding the contract, with construction expected to begin in late June and conclude by late August. Motion by Councilmember Olson, seconded by Councilmember Peters, to adopt Resolution #26- 114 accepting bids and awarding contract for 2026 Neighborhood Pavement Overlay Improvements, Improvement Project #26-08 to North Valley, Inc. for the total bid of $499,411.45. Motion carried. Voting Yes: Mayor Heineman, Councilmembers Buscher, Olson, Peters, Riley, Specht, and Stewart. Voting No: None. City Council /May 26, 2026 Page 8 of 19 7.06: Adopt Resolution #26-102 Designating the Historic Minnesota State Flag as the Official Flag of the City of Ramsey to Ensure Local Control and Fiscal Responsibility Mayor Heineman introduced Item 7.6, consideration of Resolution #26-102 to designate the historic Minnesota State flag as the official flag of the City of Ramsey to ensure local control and fiscal responsibility. He then opened the floor to public comment and invited residents wishing to comment on the item to come forward and state their name. Ms. Amy Hodges, 7463 159th Avenue Northwest, Ramsey, explained that she attended the meeting primarily to show opposition to the resolution. She described Ramsey as a welcoming, growing community that she and her family chose for its positive environment, families, and amenities. She expressed concern that the three resolutions under consideration were divisive and inconsistent with the values she believes define the community. She indicated she wanted City resources focused on services and projects that benefit everyone. She respectfully urged the Council to vote against the resolutions so the community could move forward together. Mr. Brian Walker, 17289 Variolite Street Northwest, agreed with concerns about potential state funding consequences tied to communities choosing to continue using the historic Minnesota flag, describing that approach as partisan politics. He noted previous Minnesota flags had never been selected through a statewide public vote and pointed out there had been opportunities for public input during the redesign process. He questioned why the discussion focused on the flag rather than the state seal and argued that there is no state requirement mandating the use of a specific flag. He stated that he believed the proposal was unnecessary and a poor use of City resources, and encouraged the Council to continue current practices without taking formal action. Mr. Todd Embury, 9041 159th Lane Northwest, Ramsey, stated that he had previously addressed the same issue two weeks earlier and indicated that he had not seen significant public demand for the proposed action. He remarked that the state flag redesign process appeared to have followed the proper procedures and included opportunities for public input. He questioned whether the matter warranted additional Council time and resources, noting the limited public attendance compared to other local issues he considered more important to residents. He encouraged the Council to consider how the proposal reflects on the City and whether the time and effort involved are serving the broader community interest. Mr. Michael Swanson, 5368 140th Court Northwest, expressed concern that the historic Minnesota flag contains the former state seal and argued that adopting it as an official City flag would endorse a symbol no longer recognized by the state. He stated that the redesign process had been widely publicized and included opportunities for public participation, noting that he followed it even while living outside Minnesota. He also questioned whether the proposal reflected the views of Ramsey residents as a whole and expressed concern that the action could create division within the community. Mr. Rodney Allen, 5731 142nd Avenue Northwest, Ramsey, stated he believed Councilmembers serve the City with good intentions and encouraged the Council to focus on issues he believed were most important to residents. He expressed embarrassment that the historic Minnesota flag continues to be displayed, explaining he believes the flag represents a negative and divisive City Council /May 26, 2026 Page 9 of 19 history. He urged the Council to move forward from the issue and focus on matters that benefit the broader community. Ms. Dara Grimmer, 15931 Xenon Street Northwest, Ramsey, asked about the rationale for the proposal to designate the historic Minnesota flag as the City’s official flag and sought clarification on when that rationale would be discussed during the meeting process. Mayor Heineman explained that citizen input is generally not conducted as a back-and-forth discussion and indicated the Council would discuss the matter after public comment concluded. Ms. Grimmer stated she wanted to better understand the intent behind the proposal and how supporters viewed the symbolism of the historic flag before the Council proceeded with its discussion. Wayne Grimmer, 15931 Xenon Street Northwest, Ramsey, referenced comments from the previous meeting regarding the Council’s ability to address multiple issues at once and clarified that residents were not suggesting the Council was failing to perform its duties. Instead, he expressed concern about the amount of time and taxpayer resources being spent on the proposed flag discussion, including staff and legal review time. He encouraged the Council to focus its efforts on other City priorities. Mayor Heineman explained that he would personally introduce the resolution because he had drafted it, rather than turning the presentation over to staff. He clarified his previous comments regarding the history of Minnesota flag approvals, noting prior versions of the state flag were approved directly by the state legislature in 1893, 1957, and 1983. He stated he believed the recent redesign process complied with the law but disagreed with its structure, explaining that the redesign committee consisted of 13 appointed members and had broad authority to select and modify the final design. He also noted there is no legal requirement for cities to fly the current state flag and referenced earlier legislative discussions about potential funding penalties for cities that did not adopt the new flag. However, those provisions were ultimately not enacted. He stated that the resolution was intended to address local control, then opened the matter for Council discussion and questions. Councilmember Buscher questioned several statements contained in the proposed resolution designating the historic Minnesota State flag as the official flag of the City of Ramsey. She asked how the resolution would make City leaders more accountable to residents and challenged language suggesting that citizens were denied a voice in the state flag selection process. She also questioned how many residents had contacted Councilmembers in support of the proposal, expressed concern that the resolution was drafted by a Councilmember rather than City staff, and noted that it had not been discussed during a work session. She argued that the City already flies the historic flag, that adopting the resolution would have little practical impact, and that the proposal risked creating division within the community. She indicated she would oppose the resolution. Mayor Heineman responded that elected officials are accountable to residents through the election process and are expected to exercise independent judgment on behalf of the community. He noted City Council /May 26, 2026 Page 10 of 19 that he had received feedback from residents on both sides of the issue and estimated that public opinion was relatively evenly divided. He defended the process for introducing the resolution, explaining that Councilmembers may bring forward resolutions with the support of another Councilmember. He emphasized that policy decisions belong to elected representatives rather than staff and argued that local governments should occasionally push back against decisions made by higher levels of government. He maintained that adopting the resolution would formalize the Council's previously expressed preference for flying the historic state flag. City Administrator Hagen explained that the City initially complied with State requirements by obtaining and displaying the new Minnesota State flag after it became official. He noted that following previous Council discussions and work sessions, staff were directed to remove the new flags and resume flying the historic state flag. He stated that the City possesses both versions of the flag and that adopting the resolution would not have a significant fiscal impact, as no additional purchases would be necessary. He also confirmed that previous Council discussions regarding the flag had occurred during public work sessions. City Attorney Johnson explained that her review of the resolution focused on ensuring it was appropriately structured as a policy resolution, rather than evaluating the policy arguments it contained. She stated that the decision regarding which flag to fly is a policy determination for the Council. She further advised that Minnesota law does not require municipalities to fly the State flag and explained that if the City chose not to display the State flag, that decision would be legally permissible. She cautioned the Council against opening City flagpoles to private organizations because doing so could create legal issues related to public speech. Councilmember Stewart asked whether the City was legally required to fly either version of the State flag. After receiving clarification that no such requirement exists, she inquired whether other Councilmembers planned to explain their personal support for the historic flag. Her comments focused primarily on understanding the legal framework and the reasoning behind the proposal. Councilmember Specht supported the resolution, citing consistency with his previous votes on the issue and feedback he had received from residents. He stated that many residents had expressed support for continuing to fly the historic state flag. He indicated that he believed the process used to adopt the new State flag at the State level did not adequately reflect public sentiment. He argued that his vote reflected both his prior position and the opinions he had heard from constituents. Councilmember Olson also supported the resolution. He stated that he had heard from more residents who favored the historic flag than the new flag and expressed concern about the process used to adopt the new state flag. He indicated that he personally preferred the historic flag and did not feel adequately represented by the State's decision-making process. Councilmember Riley opposed the proposal, arguing that the issue was unnecessarily divisive and did not require Council action. He noted that public feedback appeared evenly split and questioned why the Council was spending time on a matter that had little effect on City operations or services. Council discussion focused on the Council's role in making policy decisions, the history of Ramsey's flag practices, public input received on the issue, and whether the City should formally City Council /May 26, 2026 Page 11 of 19 designate the historic state flag as its official flag. Members debated the significance of the state flag issue, the process the State used to adopt the new flag, and whether Council action was necessary, given that the City was already flying the historic flag. Motion by Mayor Heineman, seconded by Councilmember Olson, to adopt Resolution #26-102, Designating the Historic Minnesota State Flag as the Official Flag of the City of Ramsey to Ensure Local Control and Fiscal Responsibility. Motion failed. Voting Yes: Mayor Heineman, Councilmembers Olson and Specht. Voting No: Councilmembers Buscher, Peters, Riley and Stewart. Following the failed vote on the historic flag resolution, Councilmember Riley proposed an alternative solution directing staff to prepare a resolution providing that Ramsey would not fly any State flag. He explained that this approach would avoid future disputes over which state flag should be displayed. Motion by Councilmember Riley, seconded by Councilmember Stewart, to direct staff to create a resolution for consideration at the next meeting that no state flag shall be flown. Motion carried. Voting Yes: Mayor Heineman, Councilmembers Buscher, Olson, Peters, Riley, Specht, and Stewart. Voting No: None. 7.07: Adopt Resolution #26-108 Expressing Formal Disapproval and Censure of Governor ## Tim Walz Mayor Heineman introduced Resolution #26-108, expressing formal disapproval and censure of Governor Tim Walz, and opened the public hearing. He explained that he would provide additional context during Council discussion, but first invited public comment on the proposal. Mr. Rodney Allen, 5731 142nd Avenue Northwest, Ramsey, questioned why the resolution had been brought forward and asked what purpose it would serve. He indicated that he did not understand the proposal's objective and requested clarification on the Council's intent. Mr. Brian Walker, 17289 Variolite Street Northwest, criticized the proposal and questioned why the Council was pursuing it. He argued that if the Council wished to hold individuals accountable for the Feeding Our Future fraud scandal, it should also consider censuring the Minnesota Legislative Audit Commission and others who had oversight responsibilities before the matter reached the governor's office. He contended that many layers of government had opportunities to identify problems before the governor became involved and characterized the resolution as an attempt to target a political opponent rather than address the root causes of the issue. Mr. Michael Swanson, 5368 140th Court Northwest, stated that he opposed both Agenda Items 7 and 8. He argued that if the Council intended to censure the governor formally, it should be based on evidence and a legally supported rationale rather than media reports or political disagreement. He suggested that the Council should first consider the subsequent agenda item before taking City Council /May 26, 2026 Page 12 of 19 action on the censure resolution and agreed with previous speakers that responsibility for the fraud issue extended beyond the governor alone. Ms. Dara Grimmer, 15931 Xenon Street Northwest, Ramsey, again questioned what the proposed censure would accomplish. She stated that she wanted a clear explanation of the resolution's purpose and expected outcome, and expressed doubt that the Ramsey City Council was the appropriate body to address the issue. Mr. Todd Embury, 9041 159th Lane Northwest, argued that the agenda items appeared politically motivated. He stated that if the Council was genuinely concerned about fraud and government misconduct, it should apply the same standards consistently across all levels of government. He referenced actions by President Donald Trump and argued that if the Council wished to condemn misconduct by elected officials, it should do so regardless of political affiliation. He suggested that focusing exclusively on Governor Walz created the appearance of partisanship and political point- scoring rather than principled oversight. Mr. Matt Woestehoff, 16078 Uranium Street Northwest, reflected on his own experience as a former subject of a proposed censure action before the City. He acknowledged that he had made decisions in the past that he later viewed differently, but noted that he had acted within established rules. He argued that Governor Walz had acted within the authority of his office and stated that elections provide the proper mechanism for accountability. He questioned the value of the proposed censure and suggested that voters, rather than local governments, should determine whether the governor should remain in office. Mayor Heineman then presented the resolution. He explained that local governments have the legal authority to express opinions on matters of public concern and cited Minnesota statutes that authorize City Councils to conduct municipal affairs. He argued that large-scale fraud involving state funds affects local governments because state resources support services and programs that benefit communities. He also referenced examples from across the country in which City Councils, school boards, and other local government bodies had censured elected officials or adopted resolutions expressing disapproval of actions taken by state or federal leaders. He maintained that the proposal was legally appropriate, historically supported, and within the Council's authority. Councilmember Buscher asked City Attorney Johnson to explain the meaning of a censure. City Attorney Johnson responded that a censure is a public declaration expressing disapproval of an individual's conduct and serves primarily as a symbolic action without legal consequences. Councilmember Buscher then asked whether the resolution would provide any direct benefit to Ramsey residents, recover any lost funds, or affect City operations, services, or funding. City Attorney Johnson explained that a censure does not create legal obligations, require corrective action by the subject of the censure, or result in financial recovery. She characterized the action as a symbolic expression of the Council's position. City Council /May 26, 2026 Page 13 of 19 Councilmember Buscher asked City Administrator Hagen whether he had received requests from residents asking the City to pursue a censure of Governor Walz. City Administrator Hagen replied that he had not. Councilmember Buscher then questioned references to Local Government Aid and asked when Ramsey last received LGA funding. City Administrator Hagen responded that the City last received LGA around 2013 and explained that eligibility is determined by a state formula that generally directs aid toward communities with greater financial need. He noted that Ramsey has not relied on LGA in recent years because it has not qualified for the program. Councilmember Buscher concluded that the resolution would not improve City services, recover funds, or produce a meaningful outcome for residents. She argued that the proposal would increase political division, create feelings of exclusion among some residents, and move the City into broader political debates that are more appropriately addressed at the state or federal level. Motion by Mayor Heineman, seconded by Councilmember Olson, to adopt Resolution #26-108, expressing formal disapproval and censure of Governor Tim Walz regarding the mismanagement of State resources and oversight failure. Councilmember Riley opposed the resolution, arguing that the Council was spending time on an issue unrelated to the City's core responsibilities. He observed that the proposal had not been discussed in a work session and characterized the resolution as symbolic rather than substantive. He emphasized his view that the resolution lacked meaningful consequences and was more performative than practical. Mayor Heineman defended the resolution. He argued that numerous reports had documented concerns about oversight failures in the Feeding Our Future fraud investigation and maintained that state leadership should be held accountable when problems occur. He stated that public officials at every level of government should be subject to scrutiny and argued that censure sends an important message regarding expectations for accountability. He also rejected criticism that the proposal amounted to virtue signaling, asserting that public discussion of important issues helps residents understand where their elected officials stand. He argued that transparency and accountability justified the Council's consideration of the resolution. Councilmember Olson supported the resolution and stated that accountability requires public officials to speak out when significant wrongdoing occurs. Referencing a quotation often attributed to Edmund Burke, he argued that inaction enables misconduct to continue unchecked. He acknowledged that a censure would not directly change policy. Still, he stated that it would communicate the Council's disapproval of how the fraud issue had been handled and reinforce the principle that elected leaders are responsible for outcomes occurring under their administration. Councilmember Specht also supported the resolution. He stated that many residents had contacted him expressing concern about the fraud scandal and encouraging the Council to take a public City Council /May 26, 2026 Page 14 of 19 position. He indicated that he believed Governor Walz had not handled the situation appropriately and argued that supporting the resolution reflected both his personal assessment of the issue and the feedback he had received from constituents. Motion failed. Voting Yes: Mayor Heineman, Councilmembers Olson and Specht. Voting No: Councilmembers Buscher, Peters, Riley and Stewart. 7.08: Adopting Resolution #26-111 Authorizing Staff to Explore City’s Ability to File Claim ## Against Governor Walz and Other State Leaders Mayor Heineman introduced Resolution #26-111, authorizing staff to explore the City's ability to file a claim against Governor Tim Walz and other State leaders for alleged state oversight failures related to the Feeding Our Future fraud case. He opened the public hearing and invited residents to comment before the Council considered the proposal. Mr. Steve Little, 14529 Willemite Street Northwest, Ramsey, attended his first City Council meeting and expressed appreciation for the opportunity to hear different viewpoints. He stated that accountability begins at home and extends through the local, state, and federal governments. He argued that someone should be held accountable for the billions of dollars lost to fraud in Minnesota and indicated that he supported efforts to hold State leadership accountable. He suggested that if the City could encourage the Governor to address residents directly regarding the issue, that would be beneficial. Mr. Brian Walker questioned the factual basis for portions of the resolution, noting that millions of dollars and assets had already been recovered through criminal investigations and enforcement actions. He stated that no one in the room supported fraud and agreed that anyone involved in wrongdoing should be held accountable, regardless of political affiliation. However, he challenged the fiscal logic of spending taxpayer dollars to pursue litigation against the State, arguing that any financial recovery would ultimately come from taxpayers themselves. He expressed frustration that the Council had devoted significant time to issues unrelated to local government responsibilities and encouraged the City to focus instead on roads, economic development, and municipal services. He commended the Council's recent efforts to attract new businesses to Ramsey. Mr. Todd Embury argued that if elected officials believe wrongdoing should be condemned, they should apply the same standard consistently across all levels of government. Referencing previous comments made during the meeting, he questioned why some actions by public officials receive attention while others do not. He encouraged the Council to proceed with the proposal if it believed it was a worthwhile use of staff time and public resources, suggesting that the effort would not produce the results supporters expected. Mr. Michael Swanson, 5368 140th Court Northwest, challenged figures cited in previous discussions regarding the extent of fraud in Feeding Our Future. He stated that while estimates have varied, the amount of proven and convicted fraud is significantly lower than the larger figures often discussed publicly. He urged the Council to use precise numbers when debating the issue. City Council /May 26, 2026 Page 15 of 19 Mr. Adam Martin, Sunwood Drive, emphasized that he was speaking only as a resident and not on behalf of his employer. He noted that the primary individual responsible for the Feeding Our Future fraud scheme had already been prosecuted and sentenced to prison. He also highlighted recent legislative action creating a State Office of the Inspector General to strengthen oversight and prevent future fraud. He argued that accountability measures were already being implemented through the criminal justice system and the State Government. He questioned the value of using City resources to pursue litigation against the state and noted that Governor Walz is not seeking reelection. Mr. Rodney Allen, 142nd Avenue Northwest, stated that he viewed the proposal as a significant waste of time. He urged the Council to focus on issues directly affecting Ramsey residents and expressed concern that the discussion was diverting attention away from local priorities. Ms. Dara Grimmer, 15931 Xenon Street Northwest, addressed Mayor Heineman directly and explained that she had previously supported him because she believed he would focus on issues affecting Ramsey residents. She stated that she felt disappointed and misled by the recent resolutions because they had not been emphasized as topics during the election. She expressed concern that the discussions were creating division within the community and making some residents feel excluded. While acknowledging her appreciation for the Mayor's willingness to listen to residents with differing viewpoints, she urged the Council to focus on issues that directly impact the City and to carefully consider the concerns raised by those who opposed spending public resources on the proposal. Mayor Heineman then presented the resolution and explained the rationale for asking staff to explore potential legal options. He reviewed findings from state and federal investigations, legislative audits, and public reports related to Feeding Our Future. He argued that state agencies received multiple warnings and red flags regarding potential fraud but failed to act quickly or effectively. He cited findings from the Office of the Legislative Auditor that identified deficiencies in oversight and preparedness. He further connected the issue to state budget decisions, unfunded mandates, and rising costs imposed on local governments. He argued that fraud and financial mismanagement at the state level ultimately affect local taxpayers and municipal operations. Mayor Heineman proposed that if the City pursued the matter further, staff could explore forming a Joint Powers Agreement (JPA) with other Minnesota cities. Under his concept, participating cities would contribute a small amount based on population and pool resources to investigate potential legal action against the State. He suggested that this approach would spread costs across multiple municipalities while potentially creating leverage to seek financial recovery or accountability. He asked City Attorney Johnson whether Minnesota law would permit such a Joint Powers Agreement and whether cities have the authority to cooperate in that manner. City Attorney Johnson responded that Minnesota cities do possess statutory authority to enter into Joint Powers Agreements for collaborative efforts. She acknowledged that using such an agreement to pursue litigation against the State would be unusual, but stated that the legal authority to form a JPA exists. However, she cautioned that litigation is outside her area of practice and noted that specialized outside counsel would likely be required to determine whether a viable legal City Council /May 26, 2026 Page 16 of 19 claim exists. She explained that significant questions remained regarding the legal theory, damages, standing, and causation necessary to support a lawsuit. She emphasized that the proposed resolution would authorize only further exploration of those issues, rather than direct the City to file suit. Councilmember Buscher began her comments by recognizing newly appointed Fire Chief Andy Winkel and humorously suggesting that public donations might be better directed toward purchasing additional turnout gear for firefighters than toward exploring litigation. She then questioned whether any residents had specifically requested that the City pursue legal action against the governor. After learning that staff had not received such requests, she asked City Administrator Hagen and City Attorney Johnson how much staff time had already been spent researching the proposal. Both estimated that they had devoted several hours to the issue. Councilmember Buscher expressed concern that the proposal appeared underdeveloped and questioned whether the Council should authorize further legal exploration before receiving more information regarding potential claims, damages, costs, and legal standing. She asked City Attorney Johnson whether she had consulted other attorneys and what conclusions had been reached. City Attorney Johnson explained that preliminary conversations had not identified a clear legal claim and reiterated that specialized litigation counsel would be necessary to evaluate the issue fully. Councilmember Buscher argued that the proposal appeared speculative and questioned why it had not been discussed first in a work session. She repeatedly emphasized that no residents had requested such litigation and stated that she did not understand why the Council was pursuing the matter. City Administrator Hagen explained that staff had intentionally limited the amount of time spent on the proposal until receiving direction from the full Council. He noted that Ramsey's established practice is for staff to conduct a preliminary review when at least two Councilmembers express interest in an item and then bring the matter to the Council for discussion. He stated that further research, outreach to other cities, and consultation with outside legal experts would occur only if the Council authorized additional exploration. He also reiterated his general preference that significant policy discussions first occur during work sessions whenever possible. Councilmember Riley questioned why the matter had not been brought to a work session before appearing on a regular Council agenda. City Administrator Hagen responded that while he generally prefers work session discussions, the Council has the authority to place items directly on an agenda when requested by at least two Councilmembers. Councilmember Riley then questioned City Attorney Johnson about the language in the resolution and asked whether she was comfortable with statements asserting that Governor Walz had lied to residents. City Council /May 26, 2026 Page 17 of 19 City Attorney Johnson explained that portions of the resolution were based on findings and language contained in publicly available oversight reports and were included as part of the staff's effort to draft a resolution responsive to the request. Mayor Heineman defended the proposal and argued that governments frequently face novel issues that have not been litigated before. He maintained that the purpose of the resolution was not to authorize a lawsuit but to determine whether a viable legal path exists. He rejected criticism that the proposal was a waste of resources, noting that Councilmembers routinely bring forward issues that require staff research. He argued that large-scale fraud, unfunded mandates, and state oversight failures have real consequences for local governments and residents. He stated that exploring potential avenues for financial recovery or accountability is an appropriate responsibility of elected officials. He emphasized that the proposal merely seeks information before any future decisions are made. He reiterated his belief that a Joint Powers Agreement could spread costs among participating cities and potentially allow municipalities to pursue remedies that would otherwise be unavailable individually. Motion by Mayor Heineman, seconded by Councilmember Olson, to adopt Resolution #26-111, authorizing City staff to explore the City’s ability to file a legal claim against Governor Tim Walz and other State leaders for a failure to faithfully execute Minnesota State Law and nonfeasance related to the management of taxpayer money. Motion failed. Voting Yes: Mayor Heineman, Councilmembers Olson and Specht. Voting No: Councilmembers Buscher, Peters, Riley and Stewart. Councilmember Buscher proposed directing staff to prepare a "Stay in Your Lane" resolution that would limit the City of Ramsey from advocating for positions or policies that lack a direct and explicit connection to City programs, services, policies, or budgets. She described the proposal as a way to discourage politically motivated or purely symbolic actions by the City Council. She referenced similar policies adopted by organizations such as the Association of Minnesota Counties and other local governments. Mayor Heineman sought clarification on the proposal's intent and scope, questioning whether it would prohibit the Council from adopting symbolic resolutions and raising concerns about potential unintended consequences. Councilmember Buscher explained that staff would use existing models from local government organizations to draft language that would appropriately define the policy and avoid unintended restrictions. Motion by Councilmember Buscher, seconded by Councilmember Riley, to create a resolution to stay in our lane. Councilmember Specht asked whether the proposed resolution should be reviewed first in a work session or brought directly to a regular Council meeting. City Council /May 26, 2026 Page 18 of 19 After discussion, Councilmember Buscher indicated she would support a work session review to ensure the policy was carefully considered. Mayor Heineman acknowledged the proposal but expressed concern about limiting elected officials' ability to speak on issues they believe affect the community. Overall, the discussion focused on whether the City Council should formally establish guidelines restricting its involvement in political or symbolic matters that are not directly related to municipal government responsibilities. Motion failed. Voting Yes: Councilmembers Buscher, Peters and Riley. Voting No: Mayor Heineman, Councilmembers Olson, Specht and Stewart. ## 8. MAYOR, COUNCIL, AND STAFF INPUT ## 8.01 Legislative Update City Administrator Hagen provided a brief legislative update and highlighted a major accomplishment related to one of the City's long-standing legislative priorities: establishing an additional river crossing in the northwest metro area. He explained that Ramsey partnered with Champlin, Dayton, and Maple Grove to advocate for $2.9 million in state funding to begin studying a future river crossing and associated transportation network improvements that would connect the Armstrong Interchange on Highway 10 to Interstate 94 and potentially Highway 610. The funding was approved, and he further reported that the project was also included on the federal funding request lists of Senators Amy Klobuchar and Tina Smith for an additional $2 million. If secured, the combined $4.9 million would fund environmental review, traffic analysis, corridor planning, and right-of-way preservation efforts needed before seeking future construction funding. Councilmember Peters promoted the upcoming Dash & Dine 5K. Councilmember Buscher welcomed the City's new Fire Chief and expressed enthusiasm about working together on future initiatives, including obtaining a second set of turnout gear for firefighters. She also highlighted a recent work session discussion regarding wage theft, labor trafficking, and labor practices in the construction industry, noting that productive collaboration had emerged from those conversations. Mayor Heineman echoed the welcome to the new Fire Chief. He reflected on the evening's discussions, emphasizing that while Council debates can be challenging, members remain committed to working together for residents. He encouraged the community to continue enjoying recent park improvements, including the splash pad and fishing pier. He praised City staff for their ongoing work to provide high-quality services and amenities. ## 9. ADJOURNMENT Motion by Councilmember Riley, seconded by Councilmember Stewart, to adjourn the meeting. City Council /May 26, 2026 Page 19 of 19 Motion carried. Voting Yes: Mayor Heineman, Councilmembers Buscher, Olson, Peters, Riley, Specht, and Stewart. Voting No: None. The regular meeting of the City Council adjourned at 10:06 p.m. Respectfully submitted, _____________________________ ## Brian S. Hagen ## City Administrator ## ATTEST: __________________________________ ## Katie M. Schmidt ## City Clerk ## Drafted by Sue Osbeck TimeSaver Off-Site Secretarial, Inc. 5. 6. ## CC Regular Session ## Meeting Date: 06/09/2026 ## Primary Strategic Plan Initiative: Create a positive image for residential neighborhoods, business districts and key corridors. ## Title ## Approve Liquor License Renewals ## Purpose/Background: Current liquor licenses are set to expire on June 30, 2026. Attached are renewal liquor license applications valid July 1, 2026-June 30, 2027. City staff collaborates with the Minnesota Department of Public Safety’s Alcohol and Gambling Enforcement Division to issue liquor licenses. ## Notification: Approved liquor licensees are issued a license and posted on www.cityoframseymn.gov. ## Funding Source: License fees are collected at time of application. ## Recommendation: Staff recommends approval of liquor license renewal applications. ## OutcomeAction: Motion to Approve/Deny liquor license renewal applications. ## Attachments ## Liquor License Renewals ## Form Review ## InboxReviewed ByDate ## Sean SullivanSean Sullivan06/04/2026 08:42 AM ## Brian HagenBrian Hagen06/04/2026 10:30 AM ## Form Started By: Wendy SchlueterStarted On: 04/15/2026 02:03 PM ## Final Approval Date: 06/04/2026 ## Report Name: License Report - License Types Council Dates: 6/9/2026 to 6/9/2026 ## Status: Active, Inactive ## License Type(s): 3.2 Beer Off-Sale, 3.2 Beer On-Sale ## Temporary, Liquor 2 A.M. Closing, Liquor Off-Sale, ## Liquor On-Sale, Liquor On-Sale Sunday, Wine On-Sale ## License Report - License Types Page: 1 Printed: 6/3/2026 ## City of Ramsey ## CompanyExp. DateLocation ## Council ## DateStatusApplicant ## DBA ## Complex_Name ## 3.2 Beer Off-Sale ## 7900 Sunwood Dr NW 6/30/2027Coborn's, Inc.6/9/2026ACarol O'SheaCoborn's #2033Coborn's #2033 ## 3.2 Beer Off-Sale License Count: 1 ## Liquor 2 A.M. Closing ## 14077 St Francis Blvd ## NW ## 8/30/2027SM Enterprises Corporation6/9/2026ADeborah Witschen ## Riversbend Sports ## Bar & Grill ## Riversbend Sports Bar & Grill ## Liquor 2 A.M. Closing License Count: 1 ## Liquor Off-Sale ## 7880 Sunwood Dr NW ## 6/30/2027Coborn's, Inc6/9/2026ACarol O'SheaCoborn's LiquorCoborn's Liquor 5900 167th Ave NW ## 6/30/2027Liquor Lady, Inc6/9/2026AJilleen Mary KeilFairway LiquorFairway Liquor ## 5427 Alpine Dr NW ## 6/30/2027Cherokee Liquors Inc6/9/2026AGrant RademacherG-Will LiquorsG-Will Liquors ## 14107 St Francis Blvd ## NW ## 6/30/2027Yayin Gadol, LLC6/9/2026A ## Top Ten Liquors - ## Jonathan G Halper ## Top Ten LiquorsTop Ten Liquors ## Liquor Off-Sale License Count: 4 ## Liquor On-Sale 6415 Highway 10 NW 100 6/30/2027 ## Whiskey Jacks of Ramsey, ## LLC ## 6/9/2026AWilly McCoysWilly McCoys ## 7988 Sunwood Dr NW 100 6/30/2027Acapulco of Ramsey, Inc.6/9/2026A ## Acapulco Mexican ## Restaurant ## Acapulco Restaurante ## 7876 Sunwood Dr NW ## 100A 6/30/2027Bossman Inc6/9/2026A ## Nicholas Duane ## Swanson ## Chanticlear Pizza ## Grill ## Chanticlear Pizza Bar & Grill 6141 Highway 10 NW ## 6/30/2027Templer Group, Inc.6/9/2026AJR's OutpostJR's OutpostJR's Outpost ## 16659 St Francis Blvd ## NW ## 6/30/2027Mensch, LLC6/9/2026AJohn MenardMcDuff's Bar & GrillMcDuff's ## 14077 St Francis Blvd ## NW ## 6/30/2027SM Enterprises Corporation6/9/2026ADeborah Witschen ## Riversbend Sports ## Bar & Grill ## Riversbend Sports Bar & Grill ## 6720 Riverdale Dr NW 6/30/2027 ## Triple Shift Entertainment, ## LLC ## 6/9/2026ARobert J SpignerSuper BowlSuper Bowl ## 7533 Sunwood Dr NW 110 ## 6/30/2027SUR LLC6/9/2026ALisa Shields-ErgenSURSUR LLC ## Report Name: License Report - License Types Council Dates: 6/9/2026 to 6/9/2026 ## Status: Active, Inactive ## License Type(s): 3.2 Beer Off-Sale, 3.2 Beer On-Sale ## Temporary, Liquor 2 A.M. Closing, Liquor Off-Sale, ## Liquor On-Sale, Liquor On-Sale Sunday, Wine On-Sale ## License Report - License Types Page: 2 Printed: 6/3/2026 ## City of Ramsey ## CompanyExp. DateLocation ## Council ## DateStatusApplicant ## DBA ## Complex_Name ## Liquor On-Sale ## 9333 Alpine Dr NW 6/30/2027 ## The Links At Northfork GC, ## LLC ## 6/9/2026A ## The Links at ## Northfork ## The Links at ## Northfork ## The Links at Northfork Golf Course ## Liquor On-Sale License Count: 9 ## Liquor On-Sale Sunday 6415 Highway 10 NW 100 6/30/2027 ## Whiskey Jacks of Ramsey, ## LLC ## 6/9/2026AWilly McCoysWilly McCoys ## 7988 Sunwood Dr NW 100 6/30/2027Acapulco of Ramsey, Inc.6/9/2026A ## Acapulco Mexican ## Restaurant ## Acapulco Restaurante ## 7876 Sunwood Dr NW ## 100A 6/30/2027Bossman Inc6/9/2026A ## Nicholas Duane ## Swanson ## Chanticlear Pizza ## Grill ## Chanticlear Pizza Bar & Grill 6141 Highway 10 NW ## 6/30/2027Templer Group, Inc.6/9/2026AJR's OutpostJR's OutpostJR's Outpost ## 16659 St Francis Blvd ## NW ## 6/30/2027Mensch, LLC6/9/2026AJohn MenardMcDuff's Bar & GrillMcDuff's ## 14077 St Francis Blvd ## NW ## 6/30/2027SM Enterprises Corporation6/9/2026ADeborah Witschen ## Riversbend Sports ## Bar & Grill ## Riversbend Sports Bar & Grill ## 6720 Riverdale Dr NW 6/30/2027 ## Triple Shift Entertainment, ## LLC ## 6/9/2026ARobert J SpignerSuper BowlSuper Bowl ## 7533 Sunwood Dr NW 110 ## 6/30/2027SUR LLC6/9/2026ALisa Shields-ErgenSURSUR LLC ## 9333 Alpine Dr NW 6/30/2027 ## The Links At Northfork GC, ## LLC ## 6/9/2026A ## The Links at ## Northfork ## The Links at ## Northfork ## The Links at Northfork Golf Course ## Liquor On-Sale Sunday License Count: 9 ## Total Licenses: 24 5. 7. ## CC Regular Session ## Meeting Date: 06/09/2026 ## Primary Strategic Plan Initiative: Create a positive image for residential neighborhoods, business districts and key corridors. ## Title ## Approve Business License Applications ## Purpose/Background: The purpose of this case is to obtain City Council approval of business license applications (not including Rental or BRC). Background: Certain businesses or groups in the City of Ramsey are required to apply for a business license in addition to the Business Registration Certificate (BRC). Other businesses that may require a license, but are not required to have a BRC, may also be included in this approval. Those new license requests and/or renewals are attached for City Council approval. ## Notification: All current business license holders are posted on www.cityoframseymn.gov once approved. ## Funding Source: License fees are collected at time of application. ## Recommendation: Staff recommends approval of business license applications. ## OutcomeAction: Motion to approve the attached business license applications. ## Attachments ## Business Licenses ## Form Review ## InboxReviewed ByDate ## Sean SullivanSean Sullivan06/04/2026 08:42 AM ## Brian HagenBrian Hagen06/04/2026 10:30 AM ## Form Started By: Wendy SchlueterStarted On: 06/03/2026 11:21 AM ## Final Approval Date: 06/04/2026 ## Report Name: License Report - License Types Council Dates: 6/9/2026 to 6/9/2026 ## Status: Active, Inactive ## License Type(s): Mobile Food Unit–Annual, Special ## Events, Temporary Intoxicating, Therapeutic Massage ## Establishment, Therapeutic Massage Therapist, Tobacco, ## Transient Merchant/Peddler/Solicitor ## License Report - License Types Page: 1 Printed: 6/5/2026 ## City of Ramsey ## CompanyExp. DateLocation ## Council ## DateStatusApplicant ## DBA ## Complex_Name ## Mobile Food Unit–Annual ## 12/31/2026Cousins Maine Lobster6/9/2026AJoshua Hall ## 12/31/2026Sweet Taste of Italy6/9/2026AJohn Stone ## Kenny’s Meatball ## Wagon ## 12/31/2026ADA Street Food6/9/2026A ## Diem Thi Ngoc ## Nguyen ## 12/31/2026S & T Food6/9/2026AShirly Lo ## 12/31/2026Natasha's Breakfast Chow6/9/2026ANatasha Smith ## 12/31/2026Bad Rooster LLC6/9/2026ASoulaire AlleraiBad Rooster ## 12/31/2026Dough Gold6/9/2026ARoy Smith ## 12/31/2026Yang Yumm6/9/2026APajhua Thao ## 12/31/2026Wintles Concessions6/9/2026APhillip J WintleWonton Creations ## Mobile Food Unit–Annual License Count: 9 ## Temporary Intoxicating 7925 161st Ave NW ## 6/14/2026Ramsey Lions6/9/2026ASteve WelchLoral I Armstrong Delany Central Park ## Temporary Intoxicating License Count: 1 ## Total Licenses: 10 5. 8. ## CC Regular Session ## Meeting Date: 06/09/2026 ## Primary Strategic Plan Initiative: ## Title: Adopt Resolution #26-124 Declaring Participation in State Performance Measurement Program. ## Purpose/Background: In 2010, the State legislature created the Council on Local Results and Innovation. In 2011, the Innovation Council developed and released a standard of performance measurements for Cities and Counties; with the goal of aiding residents, taxpayers, and state and local elected officials in determining the efficacy of Counties and Cities in providing services, and measure residents' opinions of those services. Cities that elect to participate in the standard measures program must officially adopt [by resolution] and implement certain standard performance measures. Participating entities must report their results to the State Auditor and make them available to all interested parties by publishing them on the Auditor's website [by July 1 annually]. Lastly, results must be provided to local residents through publication, direct mailing, posting on a website or through a public hearing - the City's annual Truth and Taxation Meeting [by December 31 annually] Cities benefit from participating from the standard measures program by receiving a reimbursement from the State in the amount of 14 cents per capita ($4,080 received in 2025 for 2024 participation). More importantly, Cities benefit by developing an annual performance measurement baseline; which can be utilized by elected officials and taxpayers to make educated decisions. Lastly, cities have the ability to view other organizations' program results; which provides the City with comparable performance measurement data. ## Funding Source: This case is being handled as part of normal Staff duties. The State of Minnesota allocates funding to the City for participating (about $4,000). ## Recommendation: ## Adopt Resolution # 26-124 Declaring the City of Ramsey's Participation in the State Council on Local Results and Innovation -- Performance Measurement Program. ## Outcome/Action: Motion to adopt Resolution #26-124 Declaring the City of Ramsey's Participation in the State Council on Local Results and Innovation -- Performance Measurement Program. ## Attachments ## Reso #26-124 Performance Measurement Program ## Ramsey Standard Measures 2025 ## Form Review ## InboxReviewed ByDate ## Brian HagenBrian Hagen06/03/2026 12:21 PM ## Form Started By: Diana LundStarted On: 05/15/2026 08:37 AM ## Final Approval Date: 06/03/2026 Councilmember introduced the following resolution and moved for its adoption: ## RESOLUTION #26-124 ## RESOLUTION DECLARING THE CITY OF RAMSEY’S PARTICIPATION IN THE ## STATE COUNCIL ON LOCAL RESULTS AND INNOVATION – PERFORMANCE ## MEASUREMENT PROGRAM WHEREAS, In 2010, the Minnesota Legislature created the Council on Local Results and Innovation; and WHEREAS, The Council on Local Results and Innovation developed a standard set of performance measures that will aid residents, taxpayers, and state and local elected officials in determining the efficacy of counties in providing services and measure residents’ opinion of those services; and WHEREAS, Benefits to the City for participating in the Minnesota Council on Local Results and Innovation’s comprehensive performance measurement program are outlined in MS 6.91 and include eligibility for a reimbursement as set by State statute; and WHEREAS, Any City participating in the comprehensive performance measurement program is also exempt from levy limits for taxes, if levy limits are in effect; and WHEREAS, The City of Ramsey has adopted and implemented at least 10 of the performance measures, as developed by the Council on Local Results and Innovation, and a system to use this information to help plan, budget, manage and evaluate programs and processes for optimal future outcomes. ## NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ## RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) The City of Ramsey will continue to report the results of the performance measures to its citizenry by the end of the year through publication, direct mailing, posting on the city’s/county’s website, or through a public hearing at which the budget and levy will be discussed and public input allowed. 2) The City Council of Ramsey will submit to the Office of the State Auditor the actual results of the performance measures adopted by the City. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember, and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: and the following abstained: and the following were absent: Resolution #26-124 Page 2 of 2 Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this the 9 th day of June, 2026. ## Mayor ## ATTEST: ## City Clerk ## CategoryMeasure2015201620172018201920202021202220232024 1 Rating of the overall quality of services provided by your city ## Citizen ## Survey ## Citizen ## Survey ## Citizen ## Survey ## Citizen ## SurveySurveySurvey ## 2020 Survey2020 Survey2020 Survey2020 Survey 2 Percent change in the taxable property market value 4.50%5.07%6.18%10.10%8.26%7.86%5.31%11.36%26.35%10.48% 3 Citizens' rating of the overall appearance of the city ## Citizen ## Survey ## Citizen ## Survey ## Citizen ## Survey ## Citizen ## SurveySurveySurvey ## 2020 Survey2020 Survey2020 Survey2020 Survey 4 Nuisance code enforcement cases per 1,000 population 15.4815.0930.5541.7431.5938.2544.3241.2929.9945.53 5 Number of library visits per 1,000 population ## NANANANAN/AN/AN/AN/AN/AN/A 6 Bond rating ## AA+AA+AA+AA+AA+AA+AA+AA+AA+AA+ 7 Citizens' rating of city recreational programs and facilities ## Citizen ## Survey ## Citizen ## Survey ## Citizen ## Survey ## Citizen ## SurveySurveySurvey ## 2020 Survey2020 Survey2020 Survey2020 Survey 8 Accuracy of post election audit (% of ballots counted accurately) 100%100%100%100%100%100%100%100%100%100% 9 ## P I and II Crime Rates (per 1000) 14.53/25.5313.47/24.2116.25/23.75 13.92/21.2511.59/21.24 8.76/15.7420.3917.7816.8115.13 10 ## Part I and II Crime Clearance Rates (per 1000) 62%52%46% 45% 43%32%24%19%27%28% 11 Citizens' rating of safety in their community (survey) ## Citizen ## Survey ## Citizen ## Survey ## Citizen ## Survey ## Citizen ## SurveySurveySurvey ## 2020 Survey2020 Survey2020 Survey2020 Survey 12 Average police response time (emergency calls) 4:333:234:256:035:425:445:546:085:465:46 13 Insurance industry rating of fire services ## ISO 5/7ISO 5/7ISO 5/7ISO 4/7ISO 4/7ISO 4/7ISO 4/7ISO 4/7ISO 4/7ISO 4/7 14 Citizens' rating of the quality of fire protection services ## Citizen ## Survey ## Citizen ## Survey ## Citizen ## Survey ## Citizen ## SurveySurveySurvey ## 2020 Survey2020 Survey2020 Survey2020 Survey 15 Average fire response time 8:278:268:238:168:417:457:376:416:104:54 16 Fire calls per 1,000 population 12.4611.7014.4616.7015.315.6013.4220.2121.1626.31 17 Number of fires with loss resulting in investigation 16.0015.0013.0012.001517.0023.0017.0016.0019.00 18 EMS calls per 1,000 5.557.6013.0014.8520.826.3034.8029.1039.3246.16 19 Emergency Medical Services average response time 6:356:516:506:466:466:196:246:116:595:37 20 Average city street pavement condition rating Paser Scale (1-10) 7.507.357.206.776.076.436.126.126.476.63 21 Citizens' rating of the road conditions in their City ## Citizen ## Survey ## Citizen ## Survey ## Citizen ## Survey ## Citizen ## SurveySurveySurvey ## 2020 Survey2020 Survey2020 Survey2020 Survey 22 Expenditures for road rehabilitation per paved lane mile rehab. Does not include minor upkeep (pot holes, patching, etc.) $41,700 $58,690 $46,009 $52,009 $17,182 $89,233 $55,551 $122,940 $143,798 $129,716 23 Percentage of all jurisdiction lane miles rehabilitated in the yr 9%12%8%16%12%10%17%14%17%20% 24 Average hours to complete road system during snow event 8.208.166.488.667.807.608.2013.178.006.50 25 Citizens' rating of the quality of snowplowing on city streets ## Citizen ## Survey ## Citizen ## Survey ## Citizen ## Survey ## Citizen ## SurveySurveySurvey ## 2020 Survey2020 Survey2020 Survey2020 Survey 26 Citizens' rating of water dependability and quality (survey) ## Citizen ## Survey ## Citizen ## Survey ## Citizen ## Survey ## Citizen ## SurveySurveySurvey ## 2020 Survey2020 Survey2020 Survey2020 Survey 27 Operating cost per 1,000,000 gallons of water pumped/produced $992 $746 $1,017 $1,244 $1,176 $1,123 $1,234 $1,312 $1,648 $2,331 28 Citizens' rating of the dependability and quality of city sanitary sewer service ## Citizen ## Survey ## Citizen ## Survey ## Citizen ## Survey ## Citizen ## SurveySurveySurvey ## 2020 Survey2020 Survey2020 Survey2020 Survey 29 Number of sewer blockages on city system per 100 connections 0000000000 ## Ramsey: Standard Measures 2025 ## Water ## Sanitary ## Sewer Fire & ## EMS ## Police ## General ## Streets 5. 9. ## CC Regular Session ## Meeting Date: 06/09/2026 ## Primary Strategic Plan Initiative: Promote economic growth and development. ## Title: Adopt Resolution #26-135 Approving Final Plat and Development Agreement for Trott Brook Crossing Fourth ## Addition ## Purpose/Background: The next and largest phase to date of the Trott Brook Crossing development is proposed with the final plat of the Fourth Addition. This phase will connect the first two phases off of Variolite Street with the third phase off of Nowthen Boulevard. This phase consists of 98 single-family lots conforming to the R-1A standards consistent with the approved preliminary plat. The plat also contains outlots intended for future phases, stormwater management, and park dedication. The accompanying development agreement is standard in form, guaranteeing that the utilities and roadways are installed correctly and in a timely manner. Since there is a lot of work being done, the sureties are split into two parts to ease the financial burden on the developer: The first part is grading and the surety collected will cover just that. Once the grading is finished, the surety will roll-over into the surety collected for the second part, the utility and street work. ## Notification: Notification is not required for a final plat or development agreement. ## Time Frame/Observations/Alternatives: Alternatives to consider 1. Approve the Final Plat and Development Agreement as presented. 2. Approve with modifications. ## Funding Source: Costs associated with this project are the responsibility of the applicant, except where reimbursements by the City will be made for oversizing work. The City will be collecting utility fees and park/trail dedication. ## Recommendation: Staff recommends approval of the Final Plat and Development Agreement. ## Outcome/Action: Motion to adopt Resolution #26-135 approving the Final Plat and Development Agreement for Trott Brook Crossing Fourth Addition. ## Attachments Resolution #26-135 ## Final Plat - Trott Brook Crossing Fourth Addition ## Development Agreement ## Form Review ## Form Review ## InboxReviewed ByDate ## Brian HagenBrian Hagen06/04/2026 10:31 AM ## Form Started By: Todd LarsonStarted On: 05/01/2026 12:08 PM ## Final Approval Date: 06/04/2026 Councilmember ______ introduced the following resolution and moved for its adoption: ## RESOLUTION #26-135 ## RESOLUTION APPROVING FINAL PLAT AND DEVELOPMENT AGREEMENT ## FOR “TROTT BROOK CROSSING FOURTH ADDITION” WHEREAS, TCLD Fund 1 Trott Brook LLC, hereafter referred to as “Developer,” properly applied for Final Plat approval of the property generally located west of Nowthen Boulevard and south of 173 rd Avenue NW and legally described as: Outlots G and I, Trott Brook Crossing, Anoka County, Minnesota; Outlot A, Trott Brook Crossing Second Addition, Anoka County, Minnesota; and Outlot E, Trott Brook Crossing Third Addition, Anoka County, Minnesota. (the ‘Subject Property’); and WHEREAS, the City Council adopted Resolution #22-010 approving the preliminary plat on January 11, 2022; and WHEREAS, the City Council Adopted Resolution #23-060 approving the final plat of “Trott Brook Crossing,” the first phase of the subdivision, on March 28, 2023; WHEREAS, the proposed final plat is consistent with the approved preliminary plat; and WHEREAS, the City Council reviewed the Final Plat of Trott Brook Crossing Fourth Addition, a 98-lot phase of the overall approved preliminary plat, on June 9, 2026. ## NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, ## ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That the Ramsey City Council hereby grants Final Plat approval for Trott Brook Crossing Fourth Addition contingent upon the following conditions: a. Conformance with Staff review comments and approval of plans by the City Engineer. b. Execution of Development Agreement. c. Approval as to legal form by City Attorney. d. All conditions set forth in the above-described resolutions must be met. 2) That the Ramsey City Council hereby approves the Development Agreement for Trott Brook Crossing Fourth Addition and authorizes the Mayor and City Administrator to sign it. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember _____, and upon vote being taken thereon, the following voted in favor: and the following voted against the same: Resolution #26-135 Page 2 of 2 and the following abstained: and the following were absent: Where upon said resolution was declared duly passed and adopted by the Ramsey City Council this 9 th day of June, 2026. ## Mayor ## ATTEST: ## City Clerk ## TROTT BROOK CROSSING FOURTH ADDITION ## 172ND AVENUE ## 170TH LANE NW ## STREET NW ## MARBLE ## 173RD ## AVENUE NW ## NACRE ## STREET NW ## QUARTZ ## STREET NW ## NW ## INSET A (see sheet 2 of 8 sheets) ## INSET B (see sheet 3 of 8 sheets) ## INSET C (see sheet 4 of 8 sheets) ## INSET 'F' (see sheet 7 of 8 sheets) ## INSET E (see sheet 6 of 8 sheets) ## INSET D (see sheet 5 of 8 sheets) ## INSET G (see sheet 8 of 8 sheets) ## INSET G (see sheet 8 of 8 sheets) 1 7 2 ## N ## D ## L ## A ## N ## E ## N ## W ## TROTT BROOK CROSSING FOURTH ADDITION ## INSET A 1 7 0 ## T ## H ## L ## A ## N ## E ## N ## W ## 170TH LANE NW ## QUARTZ ## STREET NW ## TROTT BROOK CROSSING FOURTH ADDITION ## INSET B ## 170TH LANE NW 1 7 0 ## T ## H ## L ## A ## N ## E ## N ## W ## M ## A ## R ## B ## L ## E ## S ## T ## R ## E ## E ## T ## N ## W ## MATCH LINE A ## (SEE SHEET 4 OF 8 SHEETS) ## TROTT BROOK CROSSING ## FOURTH ADDITION ## INSET C ## MATCH LINE A ## (SEE SHEET 3 OF 8 SHEETS) ## 172ND AVENUE NW 1 7 2 ## N ## D ## L ## A ## N ## E ## N ## W 1 7 3 ## R ## D ## A ## V ## E . ## N ## W ## NACRE ## ST. NW ## INSET D ## TROTT BROOK CROSSING ## FOURTH ADDITION ## MATCH LINE B ## (SEE SHEET 8 OF 8 SHEETS) ## TROTT BROOK CROSSING FOURTH ADDITION ## INSET E ## TROTT BROOK CROSSING FOURTH ADDITION ## INSET D ## TROTT BROOK CROSSING FOURTH ADDITION ## INSET G ## MATCH LINE B ## (SEE SHEET 5 OF 8 SHEETS) 1 ## CITY OF RAMSEY ## DEVELOPMENT AGREEMENT FOR TROTT BROOK CROSSING FOURTH ADDITION This Development Agreement (hereinafter the “Agreement”) is dated as of this 9 th day of June, 2026, and is by and between the CITY OF RAMSEY, a Minnesota municipal corporation (the “CITY”) and TCLD Fund 1 Trott Brook LLC, a Minnesota limited liability company under the laws of Minnesota (the “PERMITTEE”). ## Recitals A. The PERMITTEE is the owner of land legally described on the attached Exhibit A (the “Subject Property”). B. The PERMITTEE has received approval from the CITY to subdivide the Subject Property in multiple phases and plat the same as Trott Brook Crossing Fourth Addition (the “Plat”). ## Agreement 1. Recitals. Recitals incorporated. The recitals stated above are hereby incorporated into this Agreement and are made part of this Agreement by reference. 2. Conditions of Approval. The CITY has approved the Plat subject to satisfaction of the following conditions subsequent: a. Th e PERMITTEE’S Execution of this Agreement. That the PERMITTEE enters into this Agreement. b. Marketable Title. That prior to recording the Plat, the PERMITTEE shall provide the CITY with proof of marketable title to the Subject Property either through a currently certified abstract, registered property abstract or title insurance commitment or policy. c. Proof of Authority. That the PERMITTEE provide proof that the respective governing boards of the PERMITTEE have authorized the PERMITTEE’S execution of this Agreement. This proof of authority may be satisfied by providing 2 the CITY with a certified copy of the minutes of the governing board of each entity which grants such authority. d. Public Parkland. Park dedication will be satisfied with a combination of land and cash contributions described further in this Agreement. 3. The Plans. The term “Plans” as used in this Agreement means the Final Plat Plans prepared by Carlson Engineering, as revised dated April 10, 2026, as revised May 18, 2026. The Plans remain subject to: (a) CITY Staff’s review and approval of the Plans to, among other things, confirm that the revisions requested in the CITY Staff’s review letter have been made; and (b) such further revisions as the PERMITTEE may propose and the CITY approves. The Plans shall not be attached to this Agreement, but are in the CITY’S files. ## 4. S tage I Improvements. The public improvements the PERMITTEE will construct or install are as follows: a. Trunk and lateral sanitary sewer. b. Trunk and lateral water main. c. Storm drainage facilities (when specified). d. Stormwater maintenance through 90 percent buildout. e. Streets. f. Concrete curb and gutter (urban). g. Lot grading. h. Trail development. i. Sidewalks. j. Electricity. k. Cable with 911 capabilities. l. Natural gas. m. Boulevard sodding (final) or temporary boulevard seeding. n. Water shut off boxes. (the “Stage I Improvements”). The PERMITTEE agrees to construct the Stage I Improvements according to the terms and conditions of this Agreement and in accordance with the Plans and the City Code. Per City Code Section 117-615, the PERMITTEE shall provide the CITY with a set of re- producible as-built plans in PDF format within thirty (30) days after completion of the Stage I Improvements and acceptance by the CITY. As as-built plans are a required Stage I Improvement item per City Code Section 117-615, the CITY will not release in its entirety the required Stage I Improvement Financial Guaranty noted in Section 12 below until such as-built plans are received by the CITY. Additionally, the PERMITTEE agrees to provide to the CITY the plans in CAD format prior to the commencement of construction of the Stage I Improvements. 5. Installation of the Stage I Improvements. The PERMITTEE shall obtain all necessary permits from all governmental agencies before commencing construction of the Stage I Improvements. The PERMITTEE must provide the CITY with copies of all necessary permits from other governmental agencies prior to or when the PERMITTEE or PERMITTEE’s builder applies for a building permit to construct improvements on a lot within the Plat. 3 6. Time of Performance for the Stage I Improvements. The PERMITTEE must substantially complete the Stage I Improvements (other than the final lift of bituminous) within eighteen months (18) months after the recording of the Plat, subject to delays, outside the control of the PERMITTE, which are the direct or indirect result of strikes, other labor shortages or troubles, material shortages, severe or prolonged bad weather, acts of God, fire or other casualty, litigation or other administrative procedures commenced by third parties which, by injunction or other similar judicial action, directly results in delays, or acts or requirements of any federal, state, or local governmental unit (other than the CITY acting in its contractual capacity under this Agreement) which results in delays. 7. Ownership of the Stage I Improvements. The PERMITTEE owns the Stage I Improvements until the CITY’S acceptance of the Stage I Improvements. Title to the Stage I Improvements automatically passes to the CITY upon the CITY’S written acceptance of the Stage I Improvements. Except to the extent the CITY has accepted all or portions of the Stage I Improvements, in writing, prior to the lapse, expiration, or other termination of the CITY’S financial guaranty described in Section 12 and except to the extent the CITY and the PERMITTEE may agree, in writing, to defer the CITY’S acceptance of certain specified Stage I Improvements, the CITY is deemed to have accepted the Stage I Improvements when the CITY releases the financial guaranty described in Section 12 or allows such financial guaranty to lapse, expire or otherwise terminate, as to all or certain specified Stage I Improvements. 8. Stage I Improvements License. The PERMITTEE hereby grants the CITY and the CITY’S agents, employees, officers, and contractors an irrevocable license to enter the Subject Property to perform all necessary work and/or inspections the CITY deems reasonably appropriate during the PERMITTEE’S installation of the Stage I Improvements. The license shall expire after the CITY accepts ownership of the applicable Stage I Improvements. 9. Stage II Improvements. The public improvements the PERMITTEE must construct or install are as follows: a. Street striping (if required by Plans). b. Street lights per agreement with Connexus Energy c. Street and traffic control signs. The CITY will provide and install Street Name and Traffic Control signs per the Plans, following payment by PERMITTEE pursuant to the established rates and charges in effect and outlined in Exhibit B attached hereto. d. Installation of survey monumentation. (the “Stage II Improvements”). The PERMITTEE must substantially complete the construction of the Stage II Improvements within eighteen (18) months after the date upon which the Plat is recorded, subject to delays, outside the control of the PERMITTE, which are the direct or indirect result of strikes, other labor shortages or troubles, material shortages, severe or prolonged bad weather, acts of God, fire or other casualty, litigation or other administrative procedures commenced by third parties which, by injunction or other similar judicial action, directly results in delays, or acts or requirements of any federal, state, or local governmental unit (other than the CITY acting in its contractual capacity under this Agreement) which results in delays. 4 PERMITTEE must install the Stage II Improvements in accordance with the Plans, excluding the street and traffic control signs, which will be installed by the CITY. As- built plans will be provided to the CITY within thirty (30) days of completion. 10. Lot Corner Staking. The PERMITTEE must install lot corner stakes at all lot corners and provide the necessary documentation. 11. Required Private Improvements. The private improvements the PERMITTEE will construct or install are as follows: a. Lot grading b. Mailboxes per Post Office requirements. (the “Required Private Improvements”). 12. Financial Guaranty for Stage I Improvements and Stage II Improvements. The PERMITTEE shall provide a financial guaranty in the form of a non-expiring or auto- renewing letter of credit to the CITY guaranteeing the construction of the Stage I Improvements and Stage II Improvements, as well as their timely completion. The PERMITTEE has requested a two-phase schedule between grading work and street and utility work. Initially, the PERMITTEE shall be responsible for a financial guarantee in the amount of $1,231,094.00 for grading. Upon completion of the grading, but before utility and street work, the PERMITTEE shall submit an additional financial guarantee in the amount of $2,220,282.00 for utility and street work. At the request of PERMITTEE, the CITY shall, not more frequently than once monthly, release that part of the combined financial guaranty for any completed portion of the Required Improvements in the amount set forth in Paragraph 4 that have been accepted in writing by the CITY. Upon completion of the construction of all or any remaining of the required Stage I or II Improvements and written acceptance by the CITY, the financial guaranty shall be returned to the PERMITTEE and the PERMITTEE shall be required to provide the landscaping maintenance guaranty described in Paragraph 15 of this Agreement. The determination of completion of the construction of the required Stage I or II Improvements shall be made by the CITY. 13. Inspection Escrow for the Stage I Improvements, Stage II Improvements, and Required Private Improvements. The PERMITTEE shall provide an inspection escrow to the CITY to inspect the Stage I Improvements, Stage II Improvements, and Required Private Improvements. The PERMITTEE shall be responsible for an inspection escrow in the amount of $187,299.00, which amount is 5% of the CITY Engineer’s estimated cost of the Stage I Improvements, Stage II Improvements, and Required Private Improvements. The inspection escrow must be in the form of cash. The PERMITTEE may request a refund of the remaining balance in the escrow upon completion all or a portion of the Stage I Improvements, Stage II Improvements, and Required Private Improvements, after acceptance by the CITY. 14. Warranty for Stage I and Stage II Improvements. The PERMITTEE shall provide a one- year warranty in the amount of $690,275.00, which is 25% of the cost of the Stage I and Stage II Improvements, less grading. Said warranty shall be due upon completion of the Stage I and Stage II Improvements and in force for one year following the final acceptance of any required improvements and shall guarantee satisfactory performance of said 5 improvements. The warranty must be in the form of a Letter of Credit approved by the CITY Finance Director, approved as to form by the CITY, or a cash escrow. 15. Street Cleaning and Clean Up. After the street surfacing that is a part of the Stage I Improvements is installed, the PERMITTEE shall clear any soil, earth, or debris from the streets resulting from the construction of the Stage I Improvements. From time to time, the CITY may remove accumulations of soil, earth, and debris from the streets resulting from the construction of the Stage I Improvements, subject to the provisions of Section 12. It shall be the PERMITTEE’S responsibility to pay the costs associated with this necessary street cleaning. Invoices from the CITY to the PERMITTEE for such costs shall be paid within thirty (30) days of the date of the invoice. The CITY will only plow snow from roadways after the first lift of pavement is installed. 16. Payment of Development Fees. The PERMITTEE must pay to the CITY the fees described on Exhibit B which may include, but are not limited to, Park Land Dedication/Trail Development Fees, Sanitary Sewer Connection (Trunk) Fees, Water Connection (Trunk) Fees, Storm Management Fees, and Street Signage Fees. 17. Payment for Sanitary Sewer Oversizing/Overdepth. The PERMITTEE will be constructing sanitary sewer and watermain in an oversized and/or deeper manner in order to serve properties outside of the Plat. The CITY agrees to reimburse the PERMITTEE for all costs incurred for the oversizing/overdepth work upon completion of the work and acceptance by the CITY as outlined in Exhibit C. 18. Requirements for Building and Occupancy Permits. a. No building permit for any lot in the Plat shall be issued until the PERMITTEE has: (a) provided the CITY Building Official with a Certificate of Survey; and (b) the required Stage I Improvements listed in paragraph 4 have been completed as determined by the CITY. b. Building permit application submitted prior to completion of all the required Stage I Improvements listed in paragraph 4 will be reviewed by the CITY, but not issued until the Stage I Improvements are complete, less final lift of pavement and items h through m of Paragraph 4 above. Permits issued for these lots must provide the CITY with an “as-built” survey verifying lot grades and setbacks of the foundation prior to issuance of a Certificate of Occupancy. c. No occupancy permit for any lot in the Plat shall be issued until the PERMITTEE has: (a) constructed vehicular access to the lot, including the installation of at least one layer of bituminous surfacing; (b) constructed all utilities and storm water facilities this Agreement requires to serve the lot and such utilities and storm water facilities are in place, operational and accepted by the CITY; (c) for lots that have a slope of less than 2%, provided the CITY with a certificate of grading, prepared by a licensed (State of Minnesota) professional land surveyor, certifying that the flattest grade on the lot is 1% or greater; and (d) installed and planted the boulevard sod and landscaping that are required as a part of the Stage I Improvements, weather permitting. 19. PERMITTEE Defaults. If the PERMITTEE defaults in the performance of one or more of the PERMITTEE’S obligations under this Agreement, i) the CITY gives the 6 PERMITTEE thirty (30) days written notice of the default and ii) the PERMITTEE fails to cure the default within said thirty (30) days, then the CITY may pursue any and all remedies available at law or in equity including, but not limited to, the following: a. The CITY may, at its option, perform or engage one or more third parties to perform the PERMITTEE’S obligations. If, in the reasonable judgment of the CITY’S staff, the PERMITTEE’S default creates an immediate risk to public health or safety, the CITY may perform or engage one or more third parties to perform the work before the CITY provides the notice described in the initial paragraph of this Section, but the CITY must use commercially reasonable efforts to notify the PERMITTEE as promptly as possible that the CITY is undertaking to perform the PERMITTEE’S obligation or obligations. If the CITY performs one or more obligations of the PERMITTEE, the PERMITTEE must reimburse the CITY for any costs or expenses the CITY reasonably incurs, including costs and expenses for CITY staff time, to perform the work within 30 days after the CITY notifies the PERMITTEE, in writing, of the costs and expenses the CITY incurred to perform the work. If the PERMITTEE does not reimburse the CITY within said 30-day period, the CITY may pursue any remedies available to the CITY either at law or in equity or, in the alternative, the CITY may draw on the financial guaranty the PERMITTEE has provided to the CITY pursuant to this Agreement to reimburse itself for the expenses the CITY incurs to perform the work. This Agreement is a license for the CITY to act, and it shall not be necessary for the CITY to seek a Court Order for permission to enter the PERMITTEE Property. As an alternative to seeking recovery from the PERMITTEE or the financial guaranty, the CITY may levy special assessments against the PERMITTEE Property in accordance with Minnesota Statutes Section 429, and the PERMITTEE, for itself and its successors in title, hereby expressly waives any and all substantive and procedural objections or defenses the PERMITTEE may have to such special assessments. b. The CITY may commence an action in Anoka County District Court to pursue any remedy available to the CITY at law or in equity including, but not limited to, injunctive relief. c. The CITY may refuse to grant building permits for improvements to be constructed on any lots within the Plat until the PERMITTEE has cured all of its defaults. d. The CITY may draw upon any required portion of the financial guaranty the PERMITTEE has provided to the CITY pursuant to Section 12 and (i) use any required portion of the proceeds from the financial guaranty to reimburse the CITY pursuant to subsection (a) above; (ii) use any required portion of the proceeds from the financial guaranty to satisfy any judgment the CITY obtains against the PERMITTEE pursuant to subsection (b) above; and (iii) hold all or any portion of the proceeds for a reasonable time for the future application as described in subsections (i), (ii) and (iii) of this Section 24 (d). 20. Miscellaneous. a. Invalidity of Any Section. If any portion, section, subsection, sentence, clause, paragraph or phrase of this Agreement is for any reason invalid, such decision shall not affect the validity of the remaining portion of this Agreement. 7 b. Written Amendments Only. The action or inaction of the CITY or the PERMITTEE shall not constitute a waiver or amendment to the provisions of this Agreement. To be binding, amendments or waivers shall be in writing, signed by the parties, and approved by a resolution of the CITY Council. The CITY’S or the PERMITTEE’S failure to promptly take legal action to enforce this Agreement shall not be a waiver or release. c. Compliance with Laws and Regulations. The PERMITTEE represents to the CITY that the Plat complies with all County, metropolitan, State, and Federal laws and regulations, including but not limited to: subdivision ordinances, zoning ordinances and environmental regulations. If the CITY determines that the Plat does not comply, the CITY may, at its option, refuse to allow any construction or development work in the Plat until the PERMITTEE does comply. Upon the CITY’S demand PERMITTEE shall cease work until there is compliance. d. Mailbox Locations. If the PERMITTEE desires to construct mailboxes within the public right of way, the PERMITTEE agrees that the placement of mailboxes along public streets is subject to the approval by the United States Post Office. Utility locates will be necessary. e. Boulevard and Wetland Restoration. The PERMITTEE shall be responsible for the cost of establishing seed in all boulevards within thirty (30) days of the completion of the street improvements, and restoring all other areas disturbed by the development grading operation in accordance with the approved Grading and Erosion Control plan. The PERMITTEE shall be responsible for the cost of cleaning any soil, earth, or debris from the wetlands within and adjacent to this Plat resulting from grading performed in the development of the Plat. f. Construction, Hours and Entrance Signs. The CITY restricts construction and delivery hours to Monday through Saturday 7:00 a.m. to 10:00 p.m. This prohibition includes the idling of any vehicles. The PERMITTEE is required to provide a sign at each entrance point stating delivery and construction operation hours. Said signs are not to exceed eighty (80) square feet in size and must be clearly visible at all times during the construction period. g. Construction Site Maintenance. The PERMITTEE shall adhere to all of the CITY ordinances relating to, but not limited to, dumping of garbage, site development, construction debris, open burning, etc. The CITY reserves the right to withhold permits, inspections, or certificates of occupancy to correct violations relating to construction site maintenance. h. Estimated Cost. It is understood and agreed that cost amounts set forth in this Agreement as to Stage I, Stage II, and Required Private Improvements, unless qualified as fixed amounts, are estimated. The PERMITTEE agrees to pay the entire cost of said improvements including interest, engineering and legal fees related thereto. i. Plat Approval Expenses. The PERMITTEE agrees that it will pay to CITY all CITY expenses reasonably incurred in the approval of the Plat, including, but not limited to, administration expenses, engineering and legal fees. Said expenses incurred after recording of the Final Plat shall also be paid within the thirty (30) 8 day billing period. Failure to pay the CITY’S expenses within the thirty (30) day billing period will permit the CITY to draw upon any of the escrows required by this Agreement for payment. j. Reimbursement to the CITY. The PERMITTEE agrees to reimburse the CITY for all costs reasonably incurred by the CITY in defense or enforcement of this Agreement, or any portion thereof, including court costs and reasonable engineering and attorney’s fees. k. Certificate of Occupancy. The term “Certificate of Occupancy” as used in this Agreement shall be defined as a document issued by the CITY’S Building Official, which authorizes the structure to be used for its intended purposes. l. Homeowners’ Association Documents. The PERMITTEE will record the homeowners’ association documents prior to issuance of any building permits for lots within the Plat. These documents shall include ownership and general maintenance of the common areas including the outlots for wetlands and storm water basins as required for purposes of the Plat. m. Completion. Upon request by PERMITTEE, the CITY covenants to provide a recordable Certificate of Completion within a reasonable period of time following the request, upon the completion of the requisite subdivision improvements required by this Agreement, payment of all costs and fees required hereby and compliance with all terms of this Agreement. n. Notices. Required notices shall be in writing, and shall be either hand delivered to the Parties, its employees or agents, or mailed to them by certified or registered mail at the following address: ## TO PERMITTEE: ## TCLD Fund 1 Trott Brook, LLC ## Attn: Tracey Rust ## 4800 Olson Memorial Highway, Suite 100 ## Golden Valley, MN 55422 ## TO THE CITY: ## City of Ramsey ## Attn: Community Development ## Director ## 7550 Sunwood Drive NW ## Ramsey, MN 55303 o. Preconstruction Meeting. The PERMITTEE shall schedule and hold a pre- construction meeting with the City Engineer prior to commencing site work. p. Retaining Walls. Retaining walls require building permits. Maintenance of any retaining walls will be the property owner of the Lot on which the wall is constructed. Responsibility may be transferred to the Homeowners’ Association. The CITY will not be responsible for maintenance of any retaining walls. q. School District Boundary Adjustment. This plat contains a boundary between the Elk River and Anoka School Districts. The PERMITTEE shall secure the necessary boundary adjustment from the respective School Boards and Anoka County Board prior to recording of the plat in order to prevent split parcels. 9 ## THE PERMITTEE: ## TCLD Fund 1 Trott Brook, LLC ## By:______________________________, ## Benjamin Schmidt ## Its President ## STATE OF MINNESOTA ) )ss. ## COUNTY OF _______________ ) The foregoing instrument was acknowledged before me this _______ day of ____________, 2026, by Benjamin Schmidt, President of TCLD Fund 1 Trott Brook, LLC, a Minnesota limited liability company, under the laws of the State of Minnesota on behalf of the company. _______________________________ ## Notary Public 10 ## THE CITY: ## CITY OF RAMSEY ## By:______________________________ ## Ryan Heineman, ## Its Mayor ## By:______________________________ ## Brian Hagen, ## Its City Administrator ## STATE OF MINNESOTA ) )ss. ## COUNTY OF ANOKA ) The forgoing instrument was acknowledged before me on this______________ day of_______________ 2026, by Ryan Heineman and Brian Hagen, the Mayor and the City Administrator of the City of Ramsey, a charter city and municipal corporation organized under the laws of the state of Minnesota on behalf of the City. _________________________________ ## Notary Public This document drafted by: This document reviewed by: ## City of Ramsey Eckberg Lammers ## 7550 Sunwood Drive NW 1809 Northwestern Avenue Ramsey, MN 55303 Stillwater, MN 55082 11 ## EXHIBIT A ## Legal Description of the Subject Property Lot 1, Block 1; Lots 1 through 3 (inclusive), Block 2; Lots 1 through 19 (inclusive), Block 3; Lots 1 through 26 (inclusive), Block 4; Lots 1 through 5 (inclusive), Block 5; Lots 1 through 44 (inclusive), Block 6; and Outlots A through H (inclusive), Trott Brook Crossing Fourth Addition, Anoka County, Minnesota [The remainder of this page is intentionally left blank] 12 ## EXHIBIT B ## Fees Payable to the City 1. The PERMITTEE acknowledges that these fees listed in Exhibit B are established for 2026 and the PERMITTEE will be charged the rate charged is in effect when the Plat is recorded. 2. Park Dedication. The PERMITTEE is responsible for satisfying applicable Park Dedication Fee requirements. PERMITTEE must pay a Park Dedication Fee of $460,600.00 (98 units x $4,700.00 per unit). In lieu of fees on the first 165 lots in the Trott Brook Crossing development (this phase and future phases), land was dedicated to the City and credited as follows: ## Trott Brook Crossing 52 lots ## Trott Brook Crossing Second Addition 10 lots ## Trott Brook Crossing Third Addition 38 lots Trott Brook Crossing Fourth Addition 65 Lots credited (33 must be paid) Total credited lots to date 165 lots This phase exhausts the credits given as a result of the land dedication. The remainder 33 lots in this phase require a park dedication fee of $155,100.00. Within Outlot D, a parking lot is proposed for the park. For efficiency, the parking lot will be constructed by PERMITTEE according to CITY specifications. Cost of the parking lot construction will be credited against the Park Dedication amount listed above. In the event the actual cost exceeds this amount, the remainder will be credited against the Park Dedication fee(s) in future phase(s). Outlots A and D are lands to be used for park purposes and considered a part of the land dedication as set forth in the preliminary plat. The PERMITTEE shall provide the CITY with warranty deeds after the trail is constructed and groundcover established. 3. Trail Development Fees. The PERMITTEE is responsible for satisfying applicable Trail Development Fee requirements. PERMITTEE must pay a Trail Development Fee of $154,350.00 (98 units x $1,575 per unit), with a credit of $73,150.00 carried over from the plat of Trott Brook Crossing Third Addition, for a total of $81,200.00. Near Outlot A, a boardwalk and bridge spanning Trott Brook to connect to the Brookview Trail is proposed. The PERMITTEE shall construct these according to CITY and Minnesota Department of Natural Resources specifications. Cost of this construction will be credited against the Trail Development amount listed above. In the event the actual cost exceeds this amount, the remainder will be credited against the Trail Development fee(s) in future phase(s). 4. Sanitary Sewer Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying applicable Sanitary Sewer Trunk Fee requirements. PERMITTEE must pay a Sanitary Sewer Trunk Fee of $141,512.00 (98 units x $1,444.00). 5. Water Connection (Trunk) Fees. The PERMITTEE is responsible for satisfying applicable Water Trunk Fee requirements. PERMITTEE must pay a Water Trunk Fee of $210,798.00 (98 units x $2,151.00 per unit). 6. Stormwater Management Fee. The PERMITTEE is responsible for satisfying applicable 13 Stormwater Trunk Fee requirements. PERMITTEE must pay a Stormwater Management Fee of $56,056.00 (98 units x $572.00 per unit). 7. Street Sign Fee. While the CITY provides and installs the street name and traffic control signage, the PERMITTEE is responsible for paying for them at a rate of $265.00 per sign. PERMITTEE must pay a Street Sign Fee of $4,505.00 (17 signs: street names, stops, crosswalk, and type-III barricade signs). ## 8. O perations and Maintenance Street Lighting Charge. While the PERMITTEE contracts directly with Connexus Energy for the installation of the eight street lights in accordance with policy, the PERMITTEE shall cover the three-year operations and maintenance costs associated with each light at the rate of $98.00 per year for a total of $2,352.00. ## 9. D evelopment Fees for the Outlots. The PERMITTEE acknowledges that development fees are not being collected for any Outlots planned for future redevelopment. The PERMITTEE acknowledges that development fees will be due upon replatting of any of such Outlots. The rate in effect at the time said future plat(s) is recorded will be collected. [The remainder of this page is intentionally left blank] 14 ## EXHIBIT C ## Fees Payable to the Permittee 1. The PERMITTEE will be constructing sanitary sewer in an oversized and/or deeper manner in order to serve properties outside of the Plat. The PERMITTEE estimates this work will cost $38,744.00. These costs will be verified through submittal of copies of the invoices to the City Engineer following completion of the work. 2. The CITY will reimburse the PERMITTEE for all costs incurred for the oversizing/overdepth work upon completion of the work and acceptance by the CITY. [The remainder of this page is intentionally left blank] 5. 10. ## CC Regular Session ## Meeting Date: 06/09/2026 ## Primary Strategic Plan Initiative: Promote economic growth and development. ## Title: ## Adopt Resolution #26-137 Approving the Assignment of Development Agreements; Roers ## Purpose/Background: This case is consider approval of the Assignment of Development Agreements which is typical for a project with this size of Loan (37.2M) This Assignment of Development Agreement assigns the Lender for Roers all of the rights and interests given to Roers in the Development Agreement. Most significantly, this allows the Lender to step in a cure a default if needed. It is a security measure the bank requires to protect their financial interests. The City has not waived any of our rights or interests under the Development Agreement. ## Notification: None required ## Time Frame/Observations/Alternatives: Staff is asking the City Council to consider approval of the attached resolution. This action is a housekeeping item and the City is not relinquishing any of its rights as communicated by the City Attorney. The Apartment/Mixed Use Project is scheduled to close on June 4th. The City Attorney has reviewed and has approved this document being presented for approval by the City Council. Alternatives include: 1) Adopt Resolution #26-137 Approving the Assignment of Development Agreements (as presented); subject to ## City Attorney review 2) Adopt Resolution #26-137 Approving the Assignment of Development Agreements (with changes); subject to ## City Attorney Review 3) Something else ## Funding Source: N/A. There is no cost to the City ## Recommendation: City Staff and the City Attorney recommendation is to Adopt Resolution #26-137 Approving the Assignment of Development Agreements (as presented); subject to City Attorney review. ## Outcome/Action: Motion to Adopt Resolution #26-137 Approving the Assignment of Development Agreements (as presented); subject to City Attorney review ## Attachments ## Site Location Map ACTION - Resolution #26-137 ACTION - Resolution #26-137 ## ACTION - Assignment of Dev Agreement ## Form Review ## InboxReviewed ByDate ## Brian HagenBrian Hagen06/04/2026 10:30 AM ## Form Started By: Sean SullivanStarted On: 06/02/2026 08:37 AM ## Final Approval Date: 06/04/2026 ## Roers Site Location Map ## 5/21/2026, 8:09:30 AM 0225450112.5ft 06012030m 1:2,400 ## Sean Sullivan Councilmember ______________introduced the following resolution and moved for its adoption: ## RESOLUTION #26-13 7 ## RESOLUTION APPROVING THE ASSIGNMENT OF DEVELOPMENT ## AGREEMENTS WHEREAS, the City of Ramsey, herein referred to as the “City,” owns various parcels throughout the City of Ramsey; and WHEREAS, the City adopted Resolution #25-115 approving a Purchase Agreement for the sale of the parcel legally described on Exhibit A (“the Property”), with ROERS ACQUISITONS LLC, a Minnesota Limited Liability Company (the “Buyer”) on May 27, 2025; and WHEREAS, the City and Buyer have negotiated a Purchase Price of $1,350,000 ($8.00 per square foot) on +/- 3.87 acres (168,577 square feet) which includes a $256,600 contribution for the already constructed Ramsey Parkway north of the Property; and WHEREAS, the Buyer’s Lender has requested the City approve the Assignment of ## Development Agreements; and WHEREAS, the City Attorney has reviewed the Assignment of Development Agreements and has approved it as to form. WHEREAS, Roers Ramsey Apartments I LLC is Active and in Good Standing with the Secretary of State of Minnesota as of June 4, 2026. ## NOW THEREFORE, BE IT RESOLVED BY THE CITY OF RAMSEY, ANOKA ## COUNTY, STATE OF MINNESOTA, as follows: 1) That the City hereby and approves the Assignment of Development Agreements by and between the City of Ramsey, Roers Ramsey Apartments I LLC, a Delaware limited liability company and First Bank & Trust, a South Dakota banking corporation and authorizes the City Administrator and Mayor to execute the assignment. The motion for adoption of the foregoing resolution was duly seconded by Councilmember _____________________, and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: Resolution #26-137 Page 2 of 3 ## None and the following abstained: ## None and the following were absent: ## None Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this the 9 th day of June, 2026. ## Mayor ## ATTEST: ## City Clerk Resolution #26-137 Page 3 of 3 ## EXHIBIT A ## DEVELOPMENT PROPERTY ## Legal Description ## Lot 1, Block 7, Waterfront Village PID Number: 28-32-25-23- 0025 (the “Property”) approximately 3.87 acres (168,577 SF) 1 ## ASSIGNMENT OF DEVELOPMENT AGREEMENTS THIS ASSIGNMENT OF DEVELOPMENT AGREEMENTS (“Assignment”), is made and entered into as of the 3 rd day of June, 2026, by and between Roers Ramsey Apartments I LLC, a Delaware limited liability company (the "Borrower"), First Bank & Trust, a South Dakota banking corporation (“Lender”), and the City of Ramsey, a Minnesota municipal corporation (the "City"). ## W I T N E S S E T H WHEREAS, the City and Borrower have entered into that certain Roers Ramsey Apartments I LLC Development Agreement City of Ramsey, Anoka County, Minnesota dated December 9, 2025 (the “Development Agreement” providing for the redevelopment by the Borrower of a property located in Anoka County, Minnesota, legally described on the attached Exhibit 1 (the “Property”); WHEREAS, in order to finance the construction of some of the improvements to be constructed thereunder, the Lender has agreed to loan the Borrower the amount of up to $37,250,000.00 (the “Loan”), which Loan is evidenced by that certain Construction Loan Agreement of even date herewith (the “Loan Agreement”) and that certain Promissory Note dated on or about even date herewith, executed by Borrower in favor of the Lender, in the principal amount of up to $37,250,000.00 (together with any and all amendments thereto, renewals or extensions thereof, and substitutions and replacements therefor, the “Note” and together with the Loan Agreement and each and every other document executed in connection therewith to provide security for the Loan is collectively referred to as the “Loan Documents”); and WHEREAS, in order to secure to the Lender performance by the Borrower of its obligations under the Loan Documents, the Borrower desires to assign to the Lender all of its right, title and interest in and to the Development Agreements; NOW, THEREFORE, in consideration of the foregoing recitals, the parties hereto agree with each other as follows: 1. Definitions. Unless otherwise expressly defined herein, all capitalized terms used herein shall have the meanings given such terms in the Development Agreements. ## 2. A ssignment. The Borrower hereby assigns to the Lender all of its right, title and interest in and to the Development Agreements to secure Borrower’s obligations under the Note. ## 3. R epresentations and Warranties. The Borrower hereby represents and warrants that there have been no prior assignments of the Development Agreements, that the Development Agreements are a valid and enforceable agreement and that neither the City nor the Borrower is in default thereunder and that all covenants, conditions and agreements have been performed as required therein, except those not to be performed until after the date hereof. The Borrower agrees not to sell, assign, pledge, mortgage or otherwise transfer or encumber its interest in the Development Agreements as long as this Assignment is in effect. The Borrower hereby irrevocably constitutes and appoints the Lender as its attorney-in-fact to demand, receive and enforce the Borrower’s rights with respect to the Development Agreements for and on behalf of and in the name of the Borrower or, at the option of the Lender, in the name of the Lender, with the same force and effect as the Borrower could do if this Assignment had not been made. ## 4. A bsolute Assignment. This Assignment shall constitute a perfected, absolute and present assignment, provided that the Lender shall have no right under this Assignment to enforce the provisions of the Development Agreements or exercise any rights or remedies under this Assignment 2 until an Event of Default (as defined in the Loan Agreement) or a default shall occur and be continuing under the Development Agreements. 5. Events of Default; Remedies. Upon the occurrence of an Event of Default under the Loan (as defined in the Loan Agreement), the Lender may, without affecting any of its rights or remedies against the Borrower under any other instrument, document or agreement, exercise its rights under this Assignment as the Borrower’s attorney-in-fact in any manner permitted by law and in addition the Lender shall have the right to exercise and enforce any and all rights and remedies available after a default to a secured party under the Uniform Commercial Code as adopted in the State of Minnesota. If notice to the Borrower of any intended disposition of collateral or of any intended action is required by law in any particular instance, such notice shall be deemed commercially reasonable if given at least ten (10) calendar days prior to the intended disposition or other action. ## 6. C onsent of City to Assignment. Pursuant to the Development Agreements, the City hereby consents to and approves of the assignment of the Development Agreements hereunder by the Borrower to the Lender. The City hereby consents and agrees to the terms and conditions of this Assignment. The City further represents and warrants to the Lender that the Development Agreements are valid agreements enforceable in accordance with their respective terms and that neither the City nor, to the best of its knowledge the Borrower is in default thereunder and that all covenants, conditions and agreements have been performed as required therein, except those not to be performed until after the date hereof. ## 7. N otices of Default to Lender. The City hereby agrees to provide the Lender with copies of any notice of default under the Development Agreements, and that the Lender shall have the right, but not the obligation, to cure any such default on behalf of the Borrower within the periods of time afforded to the Borrower under the Development Agreements. ## 8. A mendments; Termination; Copies of Correspondence – Development Agreements. The parties hereto agree that the City will not, without the prior written consent of the Lender, (i) terminate or cancel the Development Agreements except in accordance with the terms thereof; (ii) the City will send the Lender a copy of each correspondence, notice, or other document in connection with the Development Agreements (collectively "Correspondence") at the same time that such Correspondence is sent to the Borrower; and (iii) upon the occurrence of a default under the Development Agreements which remains uncured, the City will allow the Lender to cure such default or to cause such default to be cured within the time periods allowed under the Development Agreements. ## 9. A mendments and Waivers by Lender. This Assignment can be waived, modified, amended, terminated or discharged only explicitly in a writing signed by the Lender. A waiver by the Lender shall be effective only in a specific instance and for the specific purpose given. Mere delay or failure to act shall not preclude the exercise or enforcement of any of the Lender’s rights or remedies hereunder. All rights and remedies of the Lender shall be cumulative and may be exercised singularly or concurrently, at the Lender’s option, and any exercise or enforcement of any one such right or remedy shall neither be a condition to nor bar the exercise or enforcement of any other. ## 10. A ssignment Not Modification of Development Agreement. No provision of this Assignment shall be deemed or construed to alter, amend or modify, in any way, the rights and obligations of the City or the Borrower contained in the Development Agreements. ## 11. N otices. Any notice, request, demand or other communication hereunder shall be deemed fully given if delivered or postage prepaid, certified or registered, addressed to the party as set forth below: 3 ## If to Borrower: Roers Ramsey Apartments I LLC 2 Carlson Parkway #400 ## Plymouth, MN 55447 ## Attention: Brian Roers ## If to Lender: First Bank & Trust 1909 Highway 36 ## Roseville, MN 55113 ## Attn: Ross Dahlin ## If to City: City of Ramsey ## Attn: Community Development Director ## 7550 Sunwood Dr. NW ## Ramsey, MN 55303 12. Indemnification. The Borrower hereby indemnifies and holds the City harmless from and against any claims or liabilities arising or purporting to arise from the City’s performance of its obligations under this Assignment. 13. Counterparts. This Assignment may be executed in one or more counterparts, each of which shall constitute an original but all of which together shall constitute one and the same agreement. 14. Partial Invalidity. The invalidity of any portion of this Assignment will not and shall not be deemed to affect the validity of any other provision. In the event that any provision of this Assignment is held to be invalid, the parties agree that the remaining provisions shall be deemed to be in full force and effect as if they had been executed by both parties subsequent to the expungement of the invalid provision. 15. Entire Agreement: This Assignment shall constitute the entire agreement between the parties and any prior understanding or representation of any kind preceding the date of this Assignment shall not be binding upon either party except to the extent incorporated in this Agreement. 16. Modification. Any modification of this Assignment or additional obligation assumed by either party in connection with this Assignment shall be binding only if placed in writing and signed by each party or an authorized representative of each party. 17. Paragraph Headings. The titles to the paragraphs of this Assignment are solely for the convenience of the parties and shall not be used to explain, modify, simplify, or aid in the interpretation of the provisions of this Assignment. 18. Successors and Assigns. This Assignment shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns. 19. Governing Law. This Assignment shall be governed by and construed in accordance with the laws of the State of Minnesota. 20. No Release of Borrower. Nothing herein shall be deemed to release the Borrower from any obligations under the Development Agreements and/or the Loan Documents, and no action of the City shall be deemed to have released the Borrower from any such obligations, except to the extent in writing and duly executed by the Authority. 4 21. Limited Obligations. Lender acknowledges that the Authority’s obligations under the Development Agreements are conditioned upon the Borrower’s fulfillment of certain requirements set forth in the Development Agreements. [remainder of page intentionally left blank; signature page follows] IN WITNESS WHEREOF, the parties have executed this Assignment as of the day and year first above written. ## CITY OF RAMSEY, a Minnesota municipal corporation ## BY: ## Ryan Heineman ## Its: Mayor ## AND: ## Brian Hagen ## Its: City Administrator ## STATE OF MINNESOTA ) ) ss. ## COUNTY OF ANOKA ) The forgoing instrument was acknowledged before me on this___ day of June 2026, by Ryan Heineman and Brian Hagen, the Mayor and the City Administrator of the City of Ramsey, a charter city and municipal corporation organized under the laws of the state of Minnesota on behalf of the City. ## Notary Public 5 ## ROERS RAMSEY APARTMENTS I LLC, a Delaware limited liability company ## By: Roers Ramsey Apartments I Manager LLC, a Minnesota limited liability company ## Its: Manager ## By: Roers Companies Project Holdings LLC, a Minnesota limited liability company ## Its: Manager ## By: ## Shane LaFave ## Its: Chief Operating Officer ## STATE OF MINNESOTA ) ) ss ## COUNTY OF ___________ ) On this _____ day of June, 2026 before me, a notary public within and for _______________ County, personally appeared Shane LaFave, to me personally known who by me duly sworn, did say that he/she is the Chief Operating Officer of Roers Companies Project Holdings LLC, a Minnesota limited liability company, the Manager of Roers Ramsey Apartments I Manager LLC, a Minnesota limited liability company, the Manager of Roers Ramsey Apartments I LLC, a Delaware limited liability company, on behalf of said limited liability company. ___________________________________ ## Notary Public 6 ## FIRST BANK & TRUST, a South Dakota banking corporation By: ______________________________________ ## Name: Ross Dahlin Its: Vice President – Business Banking ## STATE OF MINNESOTA ) ) ss ## COUNTY OF ___________ ) On this _____ day of June, 2026 before me, a notary public within and for _______________ County, personally appeared Ross Dahlin, to me personally known who by me duly sworn, did say that he/she is the Vice President – Business Banking of First Bank & Trust, a South Dakota banking corporation, on behalf of said corporation. ___________________________________ ## Notary Public ## DRAFTED BY: ## Lutz Law Firm ## David A. Lutz 120 South 6 th ## Street, Suite 1515 ## Minneapolis, MN 55402 612-424-2110 5. 11. ## CC Regular Session ## Meeting Date: 06/09/2026 ## Primary Strategic Plan Initiative: Identify and implement operational efficiencies, cost savings and additional funding sources. ## Title: Adopt Resolution #26-138 Accepting CenterPoint Energy Community Safety Grant for Police Department Indoor ## Drone ## Purpose/Background: The Ramsey Police Department continues to evaluate equipment and technology that can improve officer safety, increase operational efficiency, and enhance public safety services to the community. On April 9, 2026, the Ramsey Police Department submitted an application to the CenterPoint Energy Community Safety Grant Program for funding to purchase an indoor tactical drone system. The proposed project, titled “Indoor Drone Enhancing Officer and Community Safety,” would expand the department’s existing drone program and provide officers with a safer way to assess certain high-risk situations before making physical contact. The indoor drone would allow officers to remotely assess interior spaces such as homes and businesses when circumstances indicate a safety concern. It could also be used outside to approach occupied vehicles, allowing officers to gather information, observe conditions, and communicate with occupants from a safer distance. This equipment would improve both officer and public safety by reducing unnecessary risk during critical incidents and creating more opportunities for calm communication and de-escalation. In situations involving a person in a mental health crisis, the drone may help officers make contact more safely, better understand the circumstances, and reduce the likelihood of a sudden or confrontational encounter. On May 29, 2026, the Police Department received a voicemail notification that the City of Ramsey would be receiving the CenterPoint Energy Community Safety Grant. On June 2, 2026, the Police Department received an email from CenterPoint Energy confirming that the City’s grant application had been approved for funding for the Community Safety project submitted by the City. The equipment will be deployed through the department’s existing drone program and used in accordance with Minnesota law, department policy, and applicable training requirements. ## Notification: The Ramsey Police Department will send a letter of appreciation to CenterPoint Energy. ## Time Frame/Observations/Alternatives: The Police Department’s goal is to purchase the indoor drone system following acceptance of the grant and begin training staff on its proper use. Once training is completed, the equipment would be available for appropriate police response, training, and public safety operations. If the grant is not accepted, the department would need to identify another funding source or delay the purchase of this equipment. ## Funding Source: The indoor drone system is expected to cost $2,493.36 in total. CenterPoint Energy has approved the City of Ramsey’s Community Safety Grant application for funding toward the purchase of the indoor drone system for the Ramsey Police Department. ## Recommendation: Staff recommends adopting Resolution #26-138. ## Outcome/Action: Motion to adopt Resolution #26-138 accepting a CenterPoint Energy Community Safety Grant in the amount of $2,493.36 for the purchase of an indoor drone system for the Ramsey Police Department. ## Attachments 26-138 ## Form Review ## InboxReviewed ByDate ## Brian HagenBrian Hagen06/04/2026 11:13 AM ## Form Started By: Brad BlumlStarted On: 06/02/2026 08:48 AM ## Final Approval Date: 06/04/2026 Councilmember __________ introduced the following resolution and moved for its adoption: ## RESOLUTION #26-138 ## RESOLUTION ACCEPTING GRANT FOR THE CITY OF RAMSEY’S POLICE ## DEPARTMENT WHEREAS, Minnesota State Statute 465.03 requires that a city pass a resolution that accepts any donations or grants; and WHEREAS, two-thirds majority of the council members must adopt said resolution to accept the grant or donation formally; and WHEREAS, the City of Ramsey applied for funding through the CenterPoint Energy Community Safety Grant Program for the purchase of an indoor drone system for the Ramsey ## Police Department; and WHEREAS, the CenterPoint Energy has approved the City of Ramsey’s Community Safety Grant application for funding in the amount of $2,493.36; and WHEREAS, the grant funds will be applied toward the purchase of an indoor drone system for the Ramsey Police Department; and WHEREAS, the indoor drone system will expand the Ramsey Police Department’s existing drone program and provide officers with an additional tool to enhance officer safety, community safety, communication, and de-escalation during certain police responses. ## NOW THEREFORE, BE IT RESOLVED BY THE CITY OF RAMSEY, ANOKA ## COUNTY, STATE OF MINNESOTA, as follows: 1) That the Ramsey City Council hereby accepts grant funds from CenterPoint Energy in the amount of $2,493.36. 2) That the grant funds shall be applied to the purchase of an indoor drone system for the Ramsey Police Department. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember ________, and upon vote being taken thereon, the following voted in favor thereof: Resolution #26-138 Page 2 of 2 and the following voted against the same: and the following abstained: and the following were absent: whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this 9 th day of June, 2026. ## Mayor ## ATTEST: ## City Clerk 5. 12. ## CC Regular Session ## Meeting Date: 06/09/2026 ## Primary Strategic Plan Initiative: ## Title: Adopt Resolution #26-139 Approving Cash Disbursements Made and Authorizing Payment of Accounts Payable Invoicing Received During the Period of May 21, 2026 through June 3, 2026. ## Purpose/Background: Adopt Resolution #26-139 Approving Cash Disbursements Made and Authorizing Payment of Accounts Payable Invoicing Received During the Period of May 21, 2026 through June 3, 2026. ## Recommendation: Staff Recommends to Adopt Resolution #26-139 Approving Cash Disbursements Made and Authorizing Payment of Accounts Payable Invoicing Received During the Period of May 21, 2026 through June 3, 2026. ## Outcome/Action: Motion to Adopt Resolution #26-139 Approving Cash Disbursements Made and Authorizing Payment of Accounts Payable Invoicing Received During the Period of May 21, 2026 through June 3, 2026. ## Attachments ## Bills List 06/09/2026 Resolution 26-139 ## Form Review ## InboxReviewed ByDate ## Diana LundDiana Lund06/03/2026 02:12 PM ## Brian HagenBrian Hagen06/04/2026 10:30 AM ## Form Started By: Jennifer MorrisonStarted On: 06/03/2026 02:00 PM ## Final Approval Date: 06/04/2026 ## CITY OF RAMSEY -FINANCE OFFICE ## RAMSEY CITY COUNCIL MEETING 6.9.2026 ## BILLS LIST ## DISBURSEMENTS TO BE APPROVED THIS MEETING: ## DISBURSEMENT TYPE: Prepaids 5.21.26 - 6.3.26 Accounts Payable 5.21.26 - 6.3.26 ## Payroll 5.22.26 ## Debt Service ## Pay Estimates-Projects ## TOTAL SUBMITTED FOR APPROVAL THIS MEETING (Invoices Available for Reviewal) ## DISBURSEMENTS PREVIOUSLY APPROVED AND PAID: ## PREPAIDS ## PREPAID ADJUSTMENTS ## ACCOUNTS PAYABLE INVOICING ## ACCT PAYABLE INVOICING ADJUSTMENTS ## NET PAYROLL TOTAL ## CORRECTION TO PAYROLL ## DEBT SERVICE ## CORRECTION TO DEBT SERVICE ## PAY ESTIMATE(S)- PROJECTS ## TOTAL CASH DISBURSEMENTS PREVIOUSLY APPROVED ## SUBMITTED ## FOR ## APPROVAL $ 328,587.82 177,645.77 333,896.59 587,604.38 1 $ 1,421,134.ss 1 ## APPROVED ## PREVIOUS MTG $ 541,112.41 612,669.87 300,447.83 490,470.35 ## I $ 1,944,100.46 1 ## PRINTED 6/3/2026 2026 ## Y.T.D. $ 8,277,114.75 4,947,775.51 2,983,093.79 2,904,876.91 ## I $ 19,112,aso.96 I ## THIS PAGE LEFT BLANK INTENTIONALLY ## R55CKR2 LOGISiOO ## Check # Date 122668 5/21/2026 122669 5/21/2026 122670 5/21/2026 122671 5/21/2026 122672 5/21/2026 122673 5/21/2026 122674 5/21/2026 ## CITY OF RAMSEY ## Council Check Register by GL Council Check Register and Summary 5/21/2026 - 6/3/2026 ## Amount Supplier/Explanation PO# DocNo InvNo AccountNo 119788 ANOKACOuNIONHERALDADAMSPuBLISHING ## 16.00 UNIONHERALDSUBSCRIPTION 138327 54014 C)130.6452 16.00 ## 100046 ANOKACOUNTYSHERIFF'SOFFICE ## 1 ,009.08 TZ[)GRANTPYMTQTR12026 138307 TZDGRANTQTRI 0236.6433 2 026 1 ,oog.os ## 100052 ANOKA POLICE DEPARTMENT ## 1 ,986.57 TZDGRANTPYMTQTR12026 138308 TZDGRANTQTRI 0236.6433 2 026 1 ,986.57 ## 111549 BLAINE POLICE DEPARTMENT ## 1 ,610.92 TZDGRANTPYMTQTR12026 138309 TZDGRANTQTR1 2 026 1 ,610.92 ## 122787 BRONKEN, MORGAN ## 100.00 FACUSEDEPOSITREF-5.9.26 138324 DAMDEPREF s.g.:ei 100.00 ## 122794 BROWNELL, TENDEH ## 150.00 SPECIALEVENTDEP5.10.26CP 138328 DAMDEPREF ## 5.10.26 CP ## 100.00 FACEVENTDEP5.10.26CP 138328 DAMDEPREF ## 5.10.26 CP 2 50.00 ## 122784 CENTENNIAL LAKES POLICE DEPARTMENT ## 562.01 TZDGRANTPYMTQTR12026 138310 TZDGRANTQTRI 2026 562.01 0236.6433 9101.2201 gioi.:zoi 9101 .2201 0236.6433 122675 512-u2026 100297 CENTERPOINTENERGY ## 992.93 APR 2026 NATURAL GAS ## 17.00 APR2026NATURALGAS 138321 6404205364-1 ## APR 2026 ## 138322 8782239-1 APR 2026 9601.6373 9601.6373 ## Subledger Account Description ## SUBSCRIPTIONS ## REFuNDS ## REFUNDS ## REFUNDS ## DEPOSITS PAYABLE ## DEPOSITS PAYABLE ## DEPOSITS PAYABLE ## REFUNDS ## GAS ## GAS 6/3/2026 7157:10 Page - 1 ## Business Unit ## ADMINISTRATION ## SAFE & SOBER ## SAFE & SOBER ## SAFE & SOBER ## GENERAL FIIND ## GENERAL FUND ## GENERAL FUND ## SAFE & SOBER ## WATER FUND ## WATER FUND ## R55CKR2 LOGISIOO ## Check # Date 122675 5/21/2026 ## Amount 2,598.27 134.31 206.2i 3,948.72 ## Supplier/Explanation Pa # ## 100297 CENTERPOINT ENERGY ## APR 2026 C/H GAS ## APR 2026 GAS UTILITIES ST 1 APR 2026 GAS uTILITIES ST 2 ## CITY OF RAMSEY ## Council Check Register by GL Council Check Register and Summary 6/3/2026 ## Doc NoInv No ## Account No ## 138323 6702493-5 APR 2026 ## 138325 5914352-9 APR 2026 ## 138326 5961540-IAPR 2026 01 94.6373 0220.6373 0220.6373 ## Subledger Account Description Continued... ## GAS ## GAS ## GAS 6/3/2026 7:57:10 Page - 2 ## Business Unit ## GENERAL GOVERNMENT BUILDINGS ## FIRE PROTECTION ## FIRE PROTECTION 122676 5/21/2026 122677 5/21/2026 122678 5/21/2026 122679 5/21/2026 122680 5/21/2026 122681 5/21/2026 ## 122592 COLUMBIA HEIGHTS POLICE DEPARTMENT ## 729.50 TZDGRANTPYMTQTR12026 138311 TZDGRANTQTRI 0236.6433 2026 729.50 ## 101171 COON RAPIDS POLICE DEPT ## 5,260.77 TZDGRANTPYMTQTR12026 138312 TZDGRANTQTRI 0236.6433 2026 5,260.77 ## 100167 CORNERSTONE FORD ## 45.19- EARLYPAYDISCOUNT 138319 15544568 0311.6257 ## 451.89 F1RE#575 138319 15544568 0311.6257 406.70 ## 113517 FIRST AMERICAN TITLE ## 106.40 ACCT703879041UBREFUND 138313 FILE#1674546 96014651 0.00 8645168THAVE FlLE#i674546 138313 FILE#1674546 9601.4651 106.40 ## 111484 FRIDLEYPOLICEDEPARTMENT ## 2,220.51 TZDGRANTPYMTQTR12026 138314 TZDGRANTQTRI 0236.6433 2026 2,220.51 ## 122805 JAMINSKI, JAMES ## 93.33 FENCESUPPLYREIMBURSEMENT 138330 FENCE 0452.6249 ## REIMBuRSEMENT 93.33 ## REFUNDS ## REFuNDS ## OTHER VEHICLE PARTS ## OTHER VEHICLE PARTS ## WATER REVENLIE ## WATER REVENLIE ## REFUNDS ## SAFE & SOBER ## SAFE & SOBER ## STREET MAINTENANCE ## STREET MAINTENANCE ## WATER FUND ## WATER FUN[) ## SAFE & SOBER ## MISCELLANEOUS OPERATING SUPPLYPARK & RECREATION ## 122682 5/21/2026 122799 JORGENSEN,ERIC ## 150.00 FACUSEDEPOSITREF6.19.26EC ## 138329 DAMDEPREF 9101.2201[)EPOSITS PAYABLEGENERAL FUND ## R55CKR2 LOGISIOO CITYOFRAMSEY ## Council Check Register by GL Council Check Register and Summaiy 5/21/2026 - 6/3/2026 ## Check# Date Amount Supplier/Explanation PO# DocNo InvNo AccountNo ## 122682 5/21/2026 122799 JORGENSEN,ERIC ## 6.19.26 EC ## 180.00 HOURLYRATEREFUND 138329 DAMDEPREF 9101.4305 ## 6.19.26 EC 330.00 ## 122683 5/21/2026 119863 STONE,GREG ## 144.50 REISSCHK#1222172025SAREBA 138317 2025SAREBATE 9435.6433 144.50 ## 122684 5/21/2026 122779 STORMTRAININGGROUPLLC ## 499.00 FEMALEARRESTTACTICS-LATARTE 138318 1268 0211.6335 499.00 ## 122720 5/28/2026 100116 CONNEXUSENERGY 413.79 ELMCRESTIRRlOl25-5128 138398 444931-267449 0452.6371 ## OCT25-M AY26 413.79 ## 12272-1 5/28/2026 122788 LO, PACHIA ## 118.00 WATEREFFREBATE26-PLO 138385 051826 9601.6436 118.00 ## 122722 5/28/2026 122810 LYNN,CHRISTINE ## 150.00 DAMAGEDEPOREF5.17.26EC 138395 DAMAGEDEPREF 9101.2201 ## 5.17.26 EC 150.00 122723 5/28/2026 121709 MINNESOTAMETRONORTHTOuRISM ## 10,608.87 APRIL2026CORLODGINGTAX 138382 APR2026 9298.2088 ## LODGING TAX 10,608.87 ## 122724 5/28/2026 122795 ROSEN,CHRISTINE ## 387.00 WATEREFFREBATE26-CROSEN 138387 05192026 9601.6436 387.00 ## 122725 5/28/2026 122786 VAN CLEAVE, MIKE ## 127.56 H20EFFREBATE26-MVANCLEAVE 138384 051826 9601.6436 127.56 6/3/2026 7157:10 Page - 3 ## Subledger Account Description Continued... ## RENTAL FEES ## Business Unit ## GENERAL FUND ## REFUN[)S ## PAVEMENT MANAGEMENT PROGRAM ## TRAINING ## POLICE PROTECTION ## ELECTRIC UTILITIES ## PARK & RECREATION ## WATER EFFICIENCY REBATE PROG WATER FUND ## DEPOSITS PAYABLE ## GENERAL FUND ## LODGING TAX ## LODGING TAX ## WATER EFFICIENCY REBATE PROG WATER FUN[) ## WATER EFFICIENCY REBATE PROG WATER FUN[) ## R55CKR2 LOGIS10CI ## CITY OF RAMSEY ## Council Check Register by GL Council Check Register and Summary 5/21/2026 6/3/2026 6/3/2026 7157:10 Page - 4 Check # [)ate 122726 5/28/2026 ## Amount Supplier/Explanation ## 122812 WALTERS, RACHEL ## 150.00 DAMAGE DEPO REF 5.16.26 EC 150.00 Pa # ## Doc NoInv No ## 138396 DAMAGE DEP REF ## 5.16.26 EC ## Account NO 9101.2201 ## Subledger Account Description Continued... ## DEPOSITS PAYABLE Business lJnit ## GENERAL FUND 122727 5/28/2026 ## 122680 WHITE, JACOB ## 100.00 WATEREFFREBATE26-JWHITE 100.00 138386 051826 9601 .6436 ## WATER EFFICIENCY REBATE PROG WATER FUND 122728 5/28/2026 113539 WINSUPPLY'nNINCITIESMNCO. ## 9.45- EARLYPAYDISCOUNT 138390 17509701 472.26 BUILDlNGREPAIRPLuMBING 138390 17509701 462.81 01 94.6259 0194.6259 ## BUILDING MAINT/REPAIR SLIPPLIES GENERAL GOVERNMENT BUILDINGS ## BUILDINGMAINT/REPAIRSUPPLIES GENERALGOVERNMENTBIIILDINGS 1009565 5/22/2026 ## 110402 ADVANCE AUTO PARTS ## 316.01 MISC VEHICLE PARTS ## 50.38 MISC SHOP MATERIALS ## 4.68 MISC VEHICLE PARTS ## 14.96 MISC VEHICLE PARTS ## 26.08 MISC SuPPLIES 412.11 ## 138306 APR2026 ## PtlRCHASES ## 138306 APR2026 ## PURCHASES ## 138306 APR2026 ## PURCHASES ## 138306 APR 2026 ## PURCHASES ## 138306 APR 2026 ## PURCHASES 0311.6257 0311.6229 0312.6257 0452.6257 0452.6249 ## OTHER VEHICLE PARTSSTREET MAINTENANCE ## SHOP MATERIALS ## STREET MAINTENANCE ## OTHER VEHICLE PARTS ## SNOW & ICE REMOVAL ## OTHER VEHICLE PARTS ## PARK & RECREATION MISCELLANEOUS OPERATING SuPPLYPARK & RECREATION 1009566 5/22/2026 ## 108454 DIXON, JERAD ## 17.69 4.9.26 TYLER TECH BREAKFAST ## 24.76 4.9.26 TYLER TECH DINNER ## 17.69 4.10.26TYLERTECHBREAKFAST 60.14 ## 138171 TYLERTECHCONV ## MEALS ## 138171 TY'LERTECH CONV ## MEALS ## 138171 TYLERTECHCONV ## MEALS 0211.6331 02116331 0211.6331 ## TRAVEL & LODGING ## TRAVEL & LODGING ## TRAVEL & LODGING ## POLICE PROTECTION ## POLICE PROTECTION ## POLICE PROTECTION 1009567 5/22/2026 ## 100291 MET COUNCIL SAC 17,395.00 APRIL2026SACREMlnANCE ## 173.95- SACREMITTANCEDISCOUNT 17,221 .05 ## 138315 APRIL2026SAC 9602.2083 ## 138315 APR1L2026SAC 9602.4356 ## SAC CHARGES SEWER FUND ## SEWERAVAILABILITYCHARGE-ADM SEWERFUND ## R55CKR2 LOGISIOO Check # [)ate 1009568 5/22/2026 toogssg snmozs 1009570 srzsnozs 1009571 5{26{2026 1009572 5/26/2026 1009641 5/29/2026 1009642 5/29/2026 ## Amount Supplier/ Explanation Pa # ## 116E113 SCHMIDT, KATIE ## 16.65 5.13.26 ELECTTRAINING MEAL 16.65 ## CITY OF RAMSEY ## Council Check Register by GL ## Council Check Register and Summary 5/21/2026 - 6/3/2026 ## Doc No Inv No Accoum No ## 138316 ELECTION 0130.6335 ## TRAINING ## 100510 VERIZONWIRELESS ## 4,822.16 STAFFCELLPHONES ## 40.04 IPADS FOR FIRE INSPECTIONS ## 20.02 RAMP ELEVATOR 4,882.22 ## 138320 6143170393APR 0192.6323 2026 ## 138320 6143170393APR 0220.6249 2026 ## 138320 6143170393APR 9240.6321 2026 ## 100257 LAW ENFORCEMENT LABOR SRV INC 1090.83 137905 050626837512 1 ,090.83 1382650520261158572 2 ,181.66 ## 122372 METROPOLITANLIFEINSCOMPANY 2.ioa.*g 2.106.19 104.81 104.81 16.25 16.25 2,123.31 2,123.31 8,701 .12 137903 0506268375117 137904 0506268375118 138242 0518261245475 138243 0518261245476 138252 0519261208218 138253 0519261208219 138263 05202611585717 138264 05202611585718 ## 100298 MN AFSCME COUNCIL 5 663.81 663.81 1 .327.62 137906 050626837513 138266 0520261158573 114740 BONDTRuSTSERVICESCORPORATION ## 35,425.00 INTERESTPAYMENT 138388 103868 35,425.00 ## 118113 GOEBEL, NOLAN ## 18.20 5.18.26 FIREHOUSE SUBS ## 138380 FIREARMS TRAIN 9101.2177 9101.2177 91012169 9101.2168 9101.2169 9101.2168 9101.2169 9101.2168 9101.2169 ## 9101 .216E! 9101.2177 9101.2177 9351.6611 ## 021L6331 6/3/2026 7:57:10 Par;He - 5 ## Subledger Account Description Continued... ## TRAINING ## Business Unit ## ADMINISTRATION ## CELLULAR PHONES DATA PROCESSING ## MISCELLANEOUS OPERATING SUPPLYFIRE PROTECTION ## TELEPHONE PARKINGRAMPMAINTENANCE ## UNION DLIES ## UNION DLIES ## PAID FAM/MED LEAVE-EMPLOYER ## PAID FAM/MED LEAVE-EMPLOYEE ## PAID FAM/MED LEAVE-EMPLOYER ## PAID FAMIMED LEAVE-EMPLOYEE ## PAID FAM/MED LEAVE-EMPLOYER ## PAID FAM/MED LEAVE-EMPLOYEE ## PAID FAM/MED LEAVE-EMPLOYER ## PAID FAM/MED LEAVE-EMPLOYEE ## UNION DUES ## UNION DUES ## BOND INTEREST ## TRAVEL & LODGING ## GENERAL FUND ## GENERAL FUND ## GENERAL FLIND ## GENERAL FLIND ## GENERAL FLIND ## GENERAL FUND ## GENERAL FUND ## GENERAL FUND ## GENERAL FUND ## GENERAL FUND ## GENERAL FUND ## GENERAL FUND : $3,880,000-2015SeriesA ## POLICE PROTECTION ## R55CKR2 LOGIS100 ## Check # Date 1009642 5/29/2026 1009643 5/2912026 ## CITY OF RAMSEY ## Council Check Register by GL ## Council Check Register and Summary 5/21/2026 - 6/3/2026 ## Amount Supplier/Explanation PO# DocNo InvNo AccountNo ## 118113 GOEBEL, NOLAN ## MEALS ## 10.74 5.19.26CHIPOTLE 138380 FIREARMSTRAIN 0211.6331 ## MEALS ## 16.54 5.20.26CULVERS 138380 FIREARMSTRAIN 0211.6331 ## MEALS ## 20.00 5.21.26FIREHOUSESLIBS 138380 FIREARMSTRAIN 0211.6331 ## MEALS ## 17.53 5.22.26KW1KTRIP 138380 FIREARMSTRAIN 0211.6331 ## MEALS 83.01 121552 LINCOLNNATIONALLIFEINSuRANCECO ## 2,883.95 MAY2026LIFEINSPREMIUMS 138391 1094824MAY G1101.2176 2026 2,883.95 ## Subledger Account Description Continued... ## TRAVEL & LODGING ## TRAVEL & LODGING ## TRAVEL & LODGING ## TRAVEL & LODGING ## LIFE/HEALTH-EMPLOYEE Page - ## Business Unit ## POLICE PROTECTION ## POLICE PROTECTION ## POLICE PROTECTION ## POLICE PROTECTION ## GENERAL FUND 1009644 5/29/2026 ## fl526l LOHSE JOHNSON,LAURA ## 20.00 5.18.26 CRISP & GREEN 20.00 138381 CHILDPASS 021t6331 ## SAFETY COURSE ## TRAVEL & LODGING ## POLICE PROTECTION 1009645 5/29/2026 1009646 5/29/2026 ## 122372 METROPOLITAN LIFE INS COMPANY ## 5,310.43 MAY2026DENTALPREMIUMS 138393 5780421DMAY 2026 ## 519.42 MAY2026VISIONPREMIUMS 138394 5780421VMAY 2026 5,829.85 119638 0aREILLY AUTO PARTS ## .58- EARLY PAY DISCOUNT ## 28.78 WIPER BLADES ## 1.00- EARLYPAYDISCOUNT ## 50.40 ENG1NEERINGTRK.#418 ## .66- EARLY PAY DISCOUNT ## 33.09 PARKS#613 ## 1.21- EPDISCOUNTTAKEN ## 60.38 PARKS EX-MARK #641 ## .40- EARLY PAY DISCOUNT ## 19.99 POL1CE#330 188.79 138389 138389 i 38397 138397 138399 138399 138400 1 38400 138401 138401 6193-248375 6193-248375 6193-247856 6193-247856 6193-248911 6193-248911 6193-248766 6193-248768 6193-248339 6193-248339 9101.2170 9101.2170 0220.6257 0220.6257 03il.6257 0311.6257 0311.6257 0311.6257 0311.6257 0311 .6257 0311 .6227 0311 .6227 ## DENTAUDISABILITY/LIFE ## DENTAUDISABILITY/LIFE ## OTHER VEHICLE PARTS ## OTHER VEHICLE PARTS ## OTHER VEHICLE PARTS ## OTHER VEHICLE PARTS ## OTHER VEHICLE PARTS ## OTHER VEHICLE PARTS ## OTHER VEHICLE PARTS ## OTHER VEHICLE PARTS ## LtJBRICANTS & A[)DITIVES ## LUBRICANTS & ADDITIVES ## GENERAL FUND ## GENERAL FUND ## FIRE PROTECTION ## FIRE PROTECTION ## STREET MAINTENANCE ## STREET MAINTENANCE ## STREET MAINTENANCE ## STREET MAINTENANCE ## STREET MAINTENANCE ## STREET MAINTENANCE ## STREET MAINTEN ANCE ## STREET MAINTENANCE ## R55CKR2 LOGISIOO ## Check # Date 1009646 5/29/2026 1009647 5/29/2026 1009648 5/29/2026 95052226 5/22/2026 ## CITY OF RAMSEY ## Council Check Register by GL Council Check Register and Summary 5/21/2026 - 6/3/2026 ## Amount Supplier/Explanation PO# DocNo InvNo AccountNo ## 119638 0'REILLY AIITO PARTS ## 115841 PULLAR, ROBERT i7.96 5.14.26J1MMYJOHNS 05152026 138383 FIREARMSTRAIN 0211.6331 ## MEALS 18.78 5.15.26SuBWAY 05152026 138383 FIREARMSTRAIN 02116331 ## MEALS 36.74 114486 SUNLIFEASSuRANCECOMPANYOFCANADA ## 1040.16 MAY2026VOLLTDPREMILIMS 138392 237724MAY2026 9101.2170 ## 516.98 MAY2026NON-VOLLTDPREMILIMS 138392 237724MAY2026 9101.2170 1,557.14 ## 122049 VOYAINSTITUTIONALTRUSTCOMPANY 7,509.44 138262 05202611585716 9101.2176 7.509.44 96052226 5/22/2026 122049 VOYAINSTITuTIONALTRuSTCOMPANY 15,682.74 138261 05202611585715 9101.2175 15,682.74 97052226 srnrzozs ## 118579 NO CHILD SUPPORT DMSION 287.08 287.08 138260 05202611585714 9101.2185 ## Subledger Account Description Continued... ## TRAVEL & LODGING ## TRAVEL & LODGING ## DENTAL/DISABILITY/LIFE ## DENTAUDISABILITY/LIFE ## LIFE/HEALTH-EMPLOYEE ## DEFERRED COMPENSATION ## GARNISHMENTS/SUPPORT 6/3/2026 7157:10 Page - 7 ## Business Unit ## POLICE PROTECTION ## POLICE PROTECTION ## GENERAL FUND ## GENERAL FtlND ## GENERAL FUND ## GENERAL FUND ## GENERAL FUND 98052226 5/22/2026 99052226 5/22/2026 12,445.67 12,445.67 550.00 550.00 115568 ALERuSFINANCIALNA 138259 05202611585713 91012176 ## 107962 TOTAL ADMINISTRATIVE SERV (DO NOT USE) 138258 05202611585712 9101.2176 ## LIFE/HEALTH-EMPLOYEE ## LIFE/HEALTH-EMPLOYEE ## GENERAL FuN[) ## GENERAL FUND 99052626 5/26/2026 ## 100219 HOMEDEPOTCOMMERCIALACCTPROGRAM ## 137.48 5.7.26MISCSLIPPLIES 138331 MAY2026 ## PURCHASES ## 2.75- EARLYPAYDISCOUNT 138331 MAY2026 ## PURCHASES ## 69.97 5.15.26MISCSUPPLIES 138331 MAY2026 ## PURCHASES 0220.6249 0220.6249 0194.6249 ## MISCELLANEOUS OPERATING StJPPLYFlRE PROTECTION ## MISCELLANEOLIS OPERATING SUPPLYFIRE PROTECTION ## MISCELLANEOUS OPERATING SUPPLY GENERAL GOVERNMENT BUILDINGS ## R55CKR2 LOGISIOO ## CITY OF RAMSEY ## Council Check Register by GL Council Check Register and Summary 5/21/20266/3/2026 6/3/2026 7:57:10 Page - 8 ## Check # Date 99052626 5/26/2026 Supplier/Explanation Pa # Doc No Inv No ## 100219 HOME DEPOT COMMERCIAL ACCT PROGRAM ## Amount ## 209.91 5.15.26 MISC LANDSCAPE SUPPLIE 6.81- EARLYPAYDISCOuNT ## 60.38 5.15.26 MISC SUPPLIES 468.18 ## 138331 MAY2026 ## PURCHASES ## 138331 MAY2026 ## PuRCHASES ## 138331 MAY2026 ## PURCHASES ## Account No 0452.6269 0452.6269 0452.6249 ## Subledger Account [)escription Continued... ## LANDSCAPE MATERIALS ## Business Unit ## PARK & RECREATION ## LANDSCAPE MATERIALSPARK & RECREATION ## MISCELLANEOUS OPERATING SUPPLYPARK & RECREATION 99260325 5/22/2026 16.00 278.26 543.14 837.40 ## 100301 MN CHILD SUPPORT PAYMENT CNTR 138245 0519261208211 138267 0520261158574 138268 0520261158575 9101.2185 9101.2185 9101.2185 ## GARNISHMENTS/SUPPORT ## GARNISHMENTS/SUPPORT ## GARNISHMENTS/SUPPORT ## GENERAL FUND ## GENERAL FUND ## GENERAL FUND 99325520 5/22/2026 454.83 50.00 20,802.79 21 ,307.62 ## 100601 MNDEPTOFREVWH 138238 0518261245471 138248 0519261208214 138271 0520261158578 9101.2172 91012172 9101.2172 ## STATE WITHHOLDING ## STATE WITHHOLDING ## STATE WITHHOL[)ING ## GENERAL FUND ## GENERAL FUND ## GENERAL FUND 99533024 5/22/2026 1 ,975.04 1 ,975.04 ## 100223 ICMARETIREMENTTRUST457 138255 05202611585719101.2175 ## DEFERRED COMPENSATIONGENERAL FUND 99764517 5/22/2026 547.22 2,029.62 2 ,029.62 450.00 3 13.78 313.78 25,118.63 25, 118.63 42,948.22 98,869.50 ## 101306 IRS 138239 0518261245472 138240 0518261245473 138241 0518261245474 138249 0519261208215 138250 0519261208216 138251 0519261208217 138256 05202611585710 138257 05202611585711 138272 0520261158579 gioi.:izi 91012173 9101.2182 9101.2171 9101.2173 9101 .2182 9101.2173 91012182 9101.2171 ## FEDERAL WITHHOLDING ## FICA & MEDICARE-EMPLOYEE ## FICA & MEDICARE-EMPLOYER ## FEDERAL WITHHOLDING ## FICA & MEDICARE-EMPLOYEE ## FICA & MEDICARE-EMPLOYER ## FICA & MEDICARE-EMPLOYEE ## FICA & MEDICARE-EMPLOYER ## FEDERAL WITHHOLDING ## GENERAL FUND ## GENERAL FUND ## GENERAL FtlND ## GENERAL FtlN[) ## GENERAL FUND ## GENERAL FUND ## GENERAL FLIN[) ## GENERAL FUND ## GENERAL FUND 99851147 5/22/2026 ## 100398 PUBLIC EMPLOYEES RETIREMENT ASSN 75.00 1382460519261208212 75.00 1382470519261208213 39,262.26 1382690520281158576 9101.2174 9101.2183 9101.2174 ## PERA-EMPLOYEE ## PERA-EMPLOYER ## PERA-EMPLOYEE ## GENERAL FUND ## GENERAL FLIND ## GENERAL FUND ## R55CKR2 LOGISIOO ## CITT' OF RAMSEY 6/3/2026 7:57:10 ## Check # Date ## 9985"H47 5/22/2026 ## Council Check Register by GL Council Check Register and Summary 5/21 /2026 6/3/2026 ## Amount Supplier/Explanation Pa # [)oc No ## 100398 PUBLIC EMPLOYEES RETIREMENT ASSN ## Inv No ## Account NoSubledgerAccount Description Continued... 52,048.80 91 ,461 .06 ## 138270 05202611585779101.2183PERA-EMPLOYER ## 364,012.82 Grand Total ## Payment InstrumentTotals ## Checks ## EFT Payments ## A/P ACH Payment ## Total Payments 31 ,792.04 251 ,393.73 80,827.05 364,012.82 Page - ## Business Unit ## GENERAL FUND ## THIS ## PAGE ## LEFT ## BLANK ## INTENTIONALLY ## RO4570 ## CITY OF RAMSEY ## Create Payment Comrol Groups ## Payment Group Control Number ## Bank Account ## Version ## Originator ## Payment Instrument ## Pay Through Date 4201 999.1010 ## LOGISOO4V ## JMORRISON ## Check Payment 6/10/2026 ## CASH IN BANK 00002224 . . . . . . . . Payee . . . , , , , , , . . . . . ## Number Name/ Mailing Address ## 122789 ACUITY SPECIALTY ## PRODUCTS (AFCO US) ## AFCO US ## 13237 COLLECTIONS CENTER DRIVE ## CHICAGO IL60693-0132 ## Stub ## Message . . Document . . . . . . . Due Invoice ## Ty Number Itm Co Date Number PV i384250CY 00999 5/15/2026 9012791339 ## Summary Total ## Payment Amount ## 100063 ASPEN MILLS ## ASPEN MILLS ## 8201 C CENTRAL AVE NE ## SPRING LAKE PARK MN 55432 ## McNally ## PV 138355001 00999 5/19/2026 375839 ## Summary Total ## PV 138356 001 00999 5/1 9/2026 375851 ## Summary Total ## PV 138357001 00999 5/19/2026 375850 ## Summary Total ## PV 138374001 00999 5/22/2026 378030 ## Summary Total pv 138423001 ooggg srzmo;ei 376072 ## Summary Total ## PV 138471 001 00999 5/27/2026 376203 ## Summary Total ## Payment Amount ## 103604 BOUND TREE MEDICAL, LLC ## PV 138422001 00999 5/22/2026 66953153 ## BOUND TREE MEDICAL, LLC ## 23537 NETWORK PLACE ## CHICAGO IL 60673-1235 ## Summary Total ## PV 138424001 00999 5/28/2026 66959987 ## Summary Total 6/3/2026 13:07:38 Page - 1 ## Payment ## Amount 917.63 ## Discount ## Taken . . . . . . . . Supplier . . . . . . . ## Number Name ## 122789 ACUITYSPECIALTY ## PRODtJCTS (AFCO US) 917.63 917.63 7.85 7.85 22.00 ## 100063 ASPEN MILLS 22.00 39.00 39.00 477.70 477.70 16.00 16.00 218.00 218.00 780.55 3,080.75 ## 103604 BOUND TREE MEDICAL, ## LLC 3,080.75 669.98 669.98 ## RO4570 ## CITY OF RAMSEY ## Create Payment Control Groups ## Payment Group Control Number ## Bank Account ## Version ## Originator ## Payment Instrument ## Pay Through Date 4201 999.1010 ## LOG1SOO4V ## JMORRISON ## Check Payment 6/1 0/2026 . . . . . . . . Payee . . . . . . . . . . . . . . ## Number Name/MailingAddress ## Stub ## Message ## CASH IN BANK 00002224 . . Documenl . .. . . . Due ## Ty Number Itm Co Date ## Payment Amount ## Invoice ## Number ## 121970 CENTRAL PRO SUPPLY ## CENTRAL PRO SUPPLY ## 8 WILLIAMS STREET ## ELMSFORD NY 10523 ## PV 138481 001 00999 5/28/2026 66005751-00 ## Summary Total ## PaymentAmount ## 100167 CORNERSTONE FORD ## CORNERSTONE FOR[) ## 17219 HIGHWAY 10 NW ## Pa BOX 304 ## ELK RIVER MN 55330 ## EP DISCOtJNTTAKEN ## EP DISCOUNT TAKEN ## PV 138402001 00999 5/15/2026 15546676 ## Summary Total ## PV 138472001 00999 5/20/2026 16497156/1 ## Summary Total ## Payment Amount ## 120341 DAMON FARBER ## ASSOCIATES, INC ## DAMON FARBER ASSOCIATES, INC ## 310 SOUTH 4TH AVE STE 7050 ## MNNEAPOLIS MN 55415 ## PV 138475001 00999 5/18/2026 100384 ## Summary Total ## Payment Amount ## 110760 FIRE SAFETY USA, INC ## FIRE SAFETY USA, INC ## 325319TH STREET NW ## ROCHESTER MN 55901 ## PV 138373001 00999 5/21/2026 258410 ## Summary Total 6/3/2026 13:07:38 Page - 2 ## Payment ## Amount ## 3,75C1.73 Discount . . . . . . . . Supplier . . . . . . . ## Taken Number Name 682.38 682.38 121970 CENTRALPROSuPPLY 682.38 322.62 322.62 565.12 565.12 ## 100167 CORNERSTONE FORD 887.74 ll ,267.23 11 ,267.23 ## 120341 DAMON FARBER ## ASSOCIATES, INC 11 ,267.23 341 .25 341 .25 ## 110760 FIRE SAFETY USA, INC ## RO4570CITY OF RAMSEY ## Create Payment Control Groups ## Payment Gtoup Control Number 4201 ## Bank Account 999.1010 ## Version LOG1SOO4V ## Originator JMORRISON ## Paymentlnstrument CheckPayment PayThroughDate 6/10/2026 . . . . . . . . Payee . . . . . . . . . . . . . . Stub ## Number Name/ MailingAddress Message ## CASH IN BANK . Documenl . .. . . . Due ## Ty Number Itm Co Date ## Payment Amount 00002224 ## Invoice ## Number ## 110388 FRATTALLONE'S HARDWARE ## AND GARDEN ## FRATTALLONE'S HARDWARE AND GARDEN ## 4100 S HOLISTON LEVEE RD ## COLLIERVILLE TN 38017 ## PV 138449001 00999 5/22/2026 44828/J ## Summary Total ## Payment Amount ## 110568 GREEN VALLEY GARDEN ## CENTER ## GREEN VALLEY GARDEN CENTER ## 6530 GREEN VALLEY ROAD ## RAMSEY MN 55303 ## PV 138480001 00999 5/20/2026 705 ## Summary Total ## PV 138483001 00999 5/28/2026 710 ## Summary Total ## Payment Amount ## 115760 HENRY SCHEIN INC ## HENRY SCHEIN INC ## DEPT CH 10241 ## PALATINE IL 60055-0241 ## 1156721NTERNATIONAL SECURITY ## PRODUCTS ## INTERNATIONAL SECLIRITY PRODUCTS ATTN ACCTS RECV Pa BOX 1408 ## PV 138359001 00999 5/12/2026 56993615 ## Summary Total ## Payment Amount ## PV 138349 001 00999 5/1 8/2026 176629 ## Summary Total 6/3/2026 13:07:38 Page - 3 ## Payment ## Amount 341 .25 73.98 73.98 Discount . . . . . . . . Supplier . . . . . . . ## Taken Number Name ## 110388 FRATTALLONE'S ## HARDWARE AND GARDt 73.98 233.24 233.24 19.17 19.17 252.41 ## 110568 GREEN VALLEY GARDEI ## CENTER 87.32 87.32 ## 115760 HENRY SCHEIN INC 87.32 19.72 19.72 ## 115672 INTERNATIONAL ## SECURITY PRODUCTS ## RO4570 ## CITY OF RAMSEY ## Create Payment Control Groups ## Payment Group Control Number ## Bank Account ## Version ## Originator ## Payment Instrument ## Pay Through Date 4201 999.1010 ## LOGISOO4V ## JMORRISON ## Check Payment 6/1 0/2026 . . . . . . . . Payee . , , , , , , , , . . . . . ## Number Name/MailingAddress ## FARGO ND 58107-1408 ## Stub ## Message ## CASH IN BANK . . Documenl . . . . . . ## Ty Number Itm Co ## PaymentAmount ## Due ## Date 00002224 ## Invoice ## Number ## 100256 LANO EQUIPMENT INC ## LANO EQUIPMENT INC ## 6140 HIGHWAY 10 NW ## ANOKA MN 55303 ## PV 138429001 00999 5/19/2026 02-1237098 ## Summary Total ## PV 138433001 00999 5/19/2026 02-1237048 ## Summary Total ## Paymem Amount ## 100270 MACQUEEN ## MACQUEEN ## 1125 7TH STREET E ## ST PAUL MN 55106 PV 138415001 00999 5tl5/2026 TCO4292651F ## Summary Total ## PV 138416001 00999 5/22/2026 TCO42926511 ## Summary Total ## PV 138417001 00999 5/22/2026 TCO4292651H ## Summary Total ## PV 138418001 00999 5/21/2026 TCO4292651G ## Summary Total ## Payment Amount ## 120041 MARTIN MARIETTA ## MARTIN MARIETTA ## Pa BOX 93186 ## CHICAGO IL 60673-3186 ## PV 138427001 00999 5/15/2026 49265846 ## Summary Total ## PV 138441 001 00999 5/21/2026 49325795 ## Summary Total ## PV 138494 001 00999 5/27/2026 49362905 ## Summary Total ## 6/:V2026 13:07.38 Page - 4 ## Payment ## Amount Discount . . . . . . . . Supplier . . . . . . . ## Taken Number Name 19.72 113.96 113.96 i43.66 143.66 257.62 ## 100256 LANO EQUIPMENT INC 2,927.96 2,927.96 1,167.54 1167.54 1 ,249.90 1 ,249.90 2 87.10 287.10 5,832.50 ## 100270 MACQLIEEN 154.30 154.30 191.66 191.66 240.50 240.50 12004i MARTINMARIETTA ## RO4570 ## CITY OF RAMSEY ## Create Payment Control Groups ## Payment Group Control Number ## Bank Account ## Version ## Originator ## Payment Instrument ## Pay Through Date 4201 ggg.toro ## LOG1SOO4V ## JMORRISON ## Check Payment 6/1 0/2026 ## CASH IN BANK00002224 . . . . . . . . Payee . . . . . . . . . . . . . . ## Number Name/MailingAddress ## Stub ## Message . . Document . . . . . . . Due ## Ty Number Itm Co Date ## Payment Amount ## Invoice ## Number ## 112858 MIDWAY FORD ## MIDWAY FOR[) ## 2777 NORTH SNELLING ## AVENUE ## ROSEVILLE MN 55113 ## PD 138430001 00999 6/10/2026 CM941018 ## Summary Total ## PV 138431 001 00999 5/12/2026 941293 ## Summary Total ## PV 138432001 00999 5/11/2026 941018 ## Summary Total ## Payment Amount ## 121461 NEWEGG BUSINESS INC ## NEWEGG BtJSINESS INC ## Pa BOX 31001-2895 ## PASADENA CA 91110-2895 ## PV 138476001 00999 5/28/2026 1306079517 ## Summary Total ## PV 138477001 00999 5/28/2026 1306080662 ## Summary Total ## Payment Amount ## 122790 NORTH METRO FIRE AND ## EMS ## NORTH METRO FIRE & EMS ## 1710 COUNTY HWY 10 NE ## SPRING LAKE PARK MN 55432 ## PV 138361 001 00999 3/31/2026 2026-12 ## Summary Total ## Payment Amount ## 100360 NORTH STAR TOWING INC ## PV 138450 001 00999 5/23/2026 104355 6/3/2026 13:07:38 Page - 5 ## Payment ## Amount 586.46 Discount . . . . . . . . Supplier . . . . . . . ## Taken Number Name 77.11- 77.11- 94.71 ## 112858 MIDWAY FORD 94.71 154.22 154.22 171.82 849.00 849.00 212.76 212.76 1 061.76 ## 121461 NEWEGG BUSINESS INK 10,480.00 10,480.00 ## 122790 NORTH METRO FIRE AN ## EMS 10,480.00 185.00 ## 100360 NORTH STAR TOWING ## INC ## RO4570 ## CITY OF RAMSEY ## Create Payment Control Groups ## Payment Group Control Number ## Bank Account ## Version ## Originator ## Payment Instrument ## Pay Through Date 4201 999.1010 ## LOG1SOO4V ## JMORRISON ## Check Payment 6/1 0/2026 ## CASH IN BANK 00002224 . . . . . . . . Payee . . . . . . . . . . . ## Number Name/MailingAddress ## NORTH STAR TOWING INC ## 833 NORTH STREET ## ANOKA MN 55303 ## Stub ## Message . . Document . . . . . . . Due ## Ty Number Itm Co Date ## Summary Total ## Payment Amount ## Invoice ## Number ## 121469 PCS BUILDING COMPANY ## PCS BUILDING COMPANY ## 7250 EAST RAMSEY PARKWAY ## RAMSEY MN 55303 ## REF LANDSCAPE ## GLIARANTY-PACT ## PV 138379001 00999 5/26/2026 A119644 ## Summary Total ## Payment Amount ## 104920 PRECISION DRMNG ## CENTER PDCM/SCSU RANGE ## PDCM/SCStl RANGE ## 720 4TH AVENUE SOUTH ## ST CLOUD MN 56301-4498 ## PV 138482001 00999 5/28/2026 337900-12890 ## Summary Total ## Payment Amount ## 114151 TASC (FEES) ## TASC ## CLIENT INVOICES ## P O BOX 88278 ## MILWAUKEE Wl 53288-0001 ## PV 138367001 00999 5/20/2026 1N3753783 ## Summary Total ## Payment Amount 6/3/2026 13:07:38 Page - 6 ## Payment ## Amount 185.00 ## Discount ## Taken ## Number . Supplier . . . . . . ## Name 185.00 26,122.00 26,122.00 ## 121469 PCS BUILDING COMPAN 26122.00 535.00 535.00 ## 104920 PRECISION DRMNG ## CENTER PDCM/SCSU ## RANGE 535.00 231 .50 231 .50 ## 114151 TASC(FEES) 231 .50 ## RO4570 ## CITY OF RAMSEY ## Create Payment Control Groups ## Payment Group Control Number ## Bank Account 4201 999.1010 ## Version ## Originator ## Paymentlnstrument ## Pay Through Date ## LOGISOO4V ## JMORRISON 6/1 0/2026 ## Check Payment . . . . . .. . Payee . , , , , , , . . . . . . . ## Number Name/ Mailing Address ## Stub ## Message ## CASH IN BANK . . Document. . . . . . . Due ## Ty Number Itm Co Date ## Total Amount to be Processed 00002224 ## Invoice ## Number 6/3/2026 13:07:38 Page - 7 ## Payment ## Amount 64,324.60 ## Discount ## Taken . . Supplier . . . . . . . ## Number Name Total Number of Payments to be Processed 21 ## RO4570 ## CITY OF RAMSEY ## Create Payment Control Groups ## Payment Group Control Number ## Bank Account ## Version ## Originator ## Payment Instrument ## Pay Through Date 4202 ggg.toto ## LOG1SOO4V ## JMORRISON ## 7 A/PACH Payment 6/1 0/2026 ## CASH IN BANK 00002224 . . . . . . . . Payee . . . . . . . . . . . . ## Number Name/MailingAddress ## 106639 3M ## 3M ## P O BOX 844127 ## DALLAS TX 75284-4127 ## Stub ## Message . . Document . . . . . . . Due ## Ty Number Itm Co Date ## PV 138438 001 00999 5/22/2026 ## Summary Total ## Invoice ## Number 9439467527 ## Payment Amount ## 117651 ACCESS MECHANICAL INC ## ACCESS MECHANICAL INC ## 15901 FOX STREET NW ## AN[)OVER MN 55304 ## PV 138352001 00999 5/7/2026 251114 ## Summary Total ## Payment Amount ## 117343 AMAZON CAPITAL SERVICES ## INC ## AMAZON CAPITAL SERVICES INC ## Pa BOX 035184 ## SEAnLE WA 98124-5184 ## PV 138370001 00999 !!18/2026 133W-41CW-FJQW ## Summary Total ## PV 138408001 00999 5/25/2026 ILFF-3HMX-6FHH ## Summary Total ## 138414001 00999 5/25/2026 16NQ-MY63-6HT6 ## Summary Total ## 138439001 00999 5/25/2026 1W3N-F3WW-7FJJ ## Summary Total ## 138469001 00999 5/25/2026 IPQD-NRYW-XCFX ## Summary Total ## Payment Amount 6/3/2026 13:07:38 Page - 8 ## Payment ## Amount 708.75 708.75 ## Discount ## Taken . . . . . . . . Supplier . . . . . . . ## Number Name ## 106639 3M 708.75 9,245.00 9,245.00 ## 117651 ACCESS MECHANICAL ## INC 9,245.00 18.83 18.83 233.19 233.19 96.05 96.05 180.22 180.22 404.10 404.10 932.39 ## 117343 AMAZON CAPITAL ## SERVICES INC ## RO4570 ## CITY OF RAMSEY ## Create Payment Control Groups ## Paymem Group Control Number ## Bank Account ## Version ## Originator ## Payment Instrument ## Pay Through Dare 4202 999.1010 ## LOGISOO4V ## JMORRISON ## 7 HP ACH Payment 6/1 0/2026 ## CASH IN BANK 00002224 ## Payee ## Number ## Name / Mailing Address ## 109256 AMERICAN ENGINEERING ## TESTING INC ## AMERICAN ENGINEERING TESTING INC ## LOCKBOX 170023 Pa BOX 1691 ## MINNEAPOLIS MN 55480-1691 ## Stub ## Message . . Document . . . . . . . Due ## Ty Number Itm Co Date ## PV 138500001 00999 5/26/2026 ## Invoice ## Number ## PJI-088830 ## Summary Total ## PV 138504001 00999 5/18/2026 PJI-088016 ## Summary Total ## PV 138505001 00999 5/18/2026 PJI-088012 ## Summary Total ## Paymem Amount 107587ANOKACOUNTYTREASURY LocalGovMeeting ## DEPARTMENT Meals ## ANOKA COLINTY TREASURY DEPARTMENT ## 2100 3R[) AVE STE 300 ## ANOKA MN 55303-5029 ## PIPENHAGEN ## PV 1 38406 001 009995/8/2026 CINV26-010020 ## Summary Total ## PV 138407001 00999 5/15/2026 C1NV26-010261 ## Summary Total ## PV 138419001 00999 5/19/2026 CINV26-010444 ## Summary Total ## PV 138443001 00999 5/19/2026 C1NV26-010451 ## Summary Total ## PV 138470001 00999 5/15/2026 C1NV26-010250 ## Summary Total ## Payment Amount ## 119022 BADGEAN[)WALLET.COM ## BADGEANDWALLET.COM ## Pa BOX 783 ## PV 138360001 00999 5/19/2026 832289 ## Summary Total star:zoza 13:07:38 Page - g ## Payment ## Amount 1 ,824.50 ## Discount ## Taken . . . . . . . . Supplier . . . . . . . ## Number Name ## 109256 AMERICAN ENGINEERlh ## TESTING INC 1 ,824.50 1 ,o:s.oo 1 ,028.00 8,733.00 8,733.00 11,585.50 24.00 ## 107587 ANOKACOUNTY ## TREASURY DEPARTMETh 24.00 850.00 850.00 95.76 95.76 3,824.10 3 ,824.10 119.74 119.74 4 ,913.60 203.85 203.85 ## 119022 BADGEANDWALLET.C0) ## RO4570 ## CITY OF RAMSEY ## Create Payment Control Groups ## Payment Group Control Number ## Bank Account ## Version ## Originator ## Payment Instrument ## Pay Through Date 4202 999.1010 ## LOGISOO4V ## JMORRISON ## 7 A/PACH Payment 6/1 0/2026 ## CASH IN BANK 00002224 . . . . . . . . Payee . . . . . . . . . . . . . . ## Number Name/MailingAddress ## ARMONK NY 10504 ## Stub ## Message . . Document . . . . . . . Due ## Ty Number Itm Co Date ## Paymem Amount ## Invoice ## Number ## 101084 BAnERIES PLUS ## BATTERIES PLUS ## 138 SOLITH DALE MABRY HWY ## TAMPA FL 33609 ## PV 138371 001 00999 5/19/2026 P91908977 ## Summary Total ## Payment Amount ## 106346 BALIER BtJILT ## INCORPORATED ## BAUER BUILT INCORPORATED ## 8270 W 35W SERVICE OR NE ## BLAINE MN 55449 ## PV 138497001 00999 5/29/2026 940131923 ## Summary Total ## Payment Amoum ## 120954 BE FREE BE YOLIRSELF LLC ## BE FREE BE YOURSELF LLC ## 2221 180TH AVE NW ## ANDOVER MN 55304 ## PV 138403001 00999 4/30/2026 17 ## Summary Total ## Payment Amount ## 108513 BLAINE LOCK AND SAFE ## INC ## BLAINE LOCK AND SAFE INC ## 10136 SUNSET AVENUE ## PV 138491 001 00999 5/28/2026 34841 ## Summary Total 6/3/2026 1307:38 Page - 10 ## Payment ## Amount 203.85 ## Discount ## TakenNumber . Supplier . . . . . . ## Name 219.13 219.13 ## 101084 BATTERIES PLtlS 219.13 93.70 93.70 ## 106346 BAUER BUILT ## INCORPORATED 93.70 250.00 250.00 ## 120954 BE FREE BE YOURSELF ## LLC 250.00 4,260.00 4,260.00 ## 108513 BLAINE LOCK AND SAFE ## INC ## RO4570 ## CITY OF RAMSEY ## Create Payment Control Groups ## Payment Group Control Number ## Bank Account ## Version ## Originator ## Paymentlnstrument ## Pay Through Date 4202 999.1010 ## LOGISOO4V ## JMORRISON ## 7 A/PACH Payment 6/10/2026 ## CASH IN BANK00002224 ## Payee ## Number ## Name / Mailing Address ## BLAINE MN 55014 ## Stub ## Message . . Document . . . . . . . ## Ty Number Itm Co ## Payment Amount ## Due [)ate ## Invoice ## Number ## 100647 BOLTON AND MENK INC ## BOLTON AND MENK INC ## 1960 PREMIER DRIVE ## PV 138404001 00999 5/21/2026 0395687 ## Summary Total ## PV 138447001 00999 5/21/2026 0395670 ## MANKATO MN 5600'l-5900 ## Summary Total ## PV 138499001 00999 5/21/2026 0395685 ## Summary Total ## PV 138501 001 00999 5/21/2026 0395677 ## Summary Total ## PV 138502001 00999 5/21/2026 0395681 ## Summary Total ## PV 138503001 00999 5/21/2026 0395679 ## Summary Total ## PV 138506001 00999 5/21/2026 0395682 ## Summary Total ## PV 138507001 00999 5/21/2026 0395672 ## Summary Total ## PV 138508 001 0099G1 5/21/2026 0395674 ## Summary Total ## PV 138509001 00999 5/21/2026 0395675 ## Summary Total ## Payment Amount 6/3/2026 13:07:38 Page - 14 ## Payment ## Amount Discount . . . . . . . . Supplier . . . . . . . ## Taken Number Name 4,260.00 5,868.00 5,868.00 203.00 203.00 2.436.00 2,436.00 9.373.00 9,373.00 7,004.50 7,004.50 1 ,045.00 i ,045.00 ## 5.182.5C) 5 ,182.50 204.00 204.00 231 .00 231.00 6 .965.00 6,965.00 38,512.00 ## 100647 BOLTON AND MENK INC ## 114740 BOND TRUST SERVICES Inv #1 03870 ## PV 138335001 00999 4/8/2026 103870 2,375.00 ## 114740 BONDTRUSTSERVICES ## RO4570 ## CITY OF RAMSEY ## Create Payment Control Groups ## Payment Group Control Number ## Bank Account ## Version ## Originator ## Payment Instrument ## Pay Through Date 4202 999.1010 ## LOGISOO4V ## JMORRISON ## T A/P ACH Payment 6/1 0/2026 ## CASH IN BANK 00002224 . . . . . .. . Payee . . . . . . . . . . . . . . Stub ## Number Name/MailingAddress Message ## CORPORATION ## BOND TRUST SERVICES CORPORATION ## ATTEN: ACCOUNTS Inv # 103871 ## RECEIVABLE . . [)ocument . . . . . . . ## Ty Number Itm Co ## Due ## Date ## Summary Total ## PV 138336001 00999 4/8/2026 103871 ## Invoice ## Number ## 3060 CENTRE POINTE [)RIVE SUITE 110 ## ROSEVILLE MN 55'l13-1105 Inv #104127 Inv #104129 lnv#104l32 Inv #4 03869 lnv#l03872 lnv#104128 Inv #103873 lnv#l03874 Inv #1 03875 Inv# 104131 Inv #'l 041 30 ## Summary Total ## PV 138337001 00999 4/8/2026 104127 ## Summary Total ## PV 138338001 00999 4/8/2026 104129 ## Summary Total ## PV 138339 001 00999 4/8/2026 104132 ## Summary Total ## PV 138340001 00999 4/8/2026 103869 ## Summary Total ## PV 138341 001 00999 4/8/2026 103872 ## Summary Total ## PV 138342001 00999 4/8/2026 104128 ## Summary Total ## PV 138343001 00999 4/8/2026 103873 ## Summary Total ## PV 138344001 00999 4/8/2026 103874 ## Summary Total ## PV 138345001 00999 4/8/2026 103875 ## Summary Total ## PV 138346001 00999 4/8/2026 1041:31 ## Summary Total ## PV 138347001 00999 4/8/2026 104130 6/3/2026 Page - ## Payment ## Amount 2,375.00 5,625.00 ## Discount ## Taken . . . . . . . . Supplier . . . . . . . ## Number Name ## CORPORATION 5,625.00 237.50 237.50 475.00 475.00 475.00 475.00 1 ,750.00 1 ,750.00 60,607.50 60,607.50 475.00 475.00 78,500.00 78,500.00 230,125.00 230,125.00 173196.88 173,196.88 475.00 475.00 475.00 ## RO4570 ## CITY OF ## RAMSEY ## Create ## Payment ## Control ## Groups ## Payment ## Group ## Control Number ## Bank Account ## Version ## Originator ## Payment ## Instrument ## Pay Through ## Date 4202 999.1010 ## LOGISOO4V ## JMORRISON ## T ## A/PACH ## Payment 6/1 0/2026 . . . . . . . . Payee . . . . . . . . . . . . . . ## Number ## Name/MailingAddress ## Stub ## Message ## CASH ## IN ## BANK . . Document . . . . . . . Due ## Ty Number ## Itm ## Co ## Date ## Summary ## Total ## Paymem ## Amount 00002224 lnvoice ## Number ## 117484CHETS ## SHOES ## LLC ## CHETS ## SHOES ## LLC 8355 ## UNIVERSITY ## AVENUE ## NE ## SPRING ## LAKE ## PARK ## MN 55432 ## PV 138434001 00999 5/18/2026 ## LLC30686 ## Summary ## Total ## Payment ## Amount 116197ClNTAS ## CORPORATION ## CINTAS ## CORPORATION ## CINTAS ## LOC #4K ## P ## O BOX 650838 ## [)ALLAS ## TX 75265-0838 ## PV 1384370al 00999 5/21/2026 4270023698 ## Summary ## Total ## PV 138495001 00999 5/28/2026 4270686553 ## Summaiy ## Total ## Payment ## Amount 111818 ## DEANO'S ## COLLISION ## SPECIALISTS ## INC ## DEANO'S ## COLLISION ## SPECIALISTS ## INC ## 11063173RD ## AVENLIE ## ELK ## RIVER ## MN 55330 ## PV 138445 001 00999 5{14{2026 69418 ## Summary ## Total ## Payment ## Amount 113306 ## DEFINITIVE ## TECHNOLOGY ## SOLUTIONS ## INC ## PV 138348001 00999 !!15/2026 ## 1NV311585 6/3/2026 13107138 ## Page - 13 ## Payment ## Amount 475.00 554,791.88 ## Discount . . . . . . . . Supplier . . . . . . . ## Taken ## Number ## Name 131.74 131.74 117484 ## CHETS ## SHOES LLC i31.74 53.96 53.96 125.96 125.96 116197 ## CINTAS ## CORPORATION 179.92 3,684.94 3,684.94 111818 ## DEANCIS ## COLLISION ## SPECIALISTS ## INC 3,684.94 60.50 113306 ## DEFINITIVE ## TECHNOLOGY ## SOLUTIO ## INC ## RO4570 ## CITY OF RAMSEY ## Create Payment Control Groups ## Payment Group Control Number ## Bank Account ## Version ## Originator ## Payment Instrument ## Pay Through Date 4202 999.1010 ## LOGISOO4V ## JMORRISON ## T A/P ACH Payment 6/1 0/2026 ## CASH iN BANK00002224 . . . . . . . Payee . . . . . . . . . . . . . . ## Number Name/MailingAddress ## DEFINITIVE TECHNOLOGY SOLUTIONS INC ## 9401 JAMES AVENtlE SOUTH SUITE l62 ## Stub ## Message ## BLOOMINGTON MN 55431-2549 . . Document. . . . . . . Due Invoice ## Ty Number Itm Co [)ate Number ## Summary Total ## PV 138409001 00999 5/22/2026 1NV312170 ## Summary Total ## PV 138410001 00999 5/22/2026 1NV312160 ## Summary Total ## Payment Amount ## 100144 DEHN OIL COMPANY ## DEHN OIL COMPANY ## 6735 141ST AVENUE NW ## RAMSEY MN 55303 ## PV 138435 001 00999 5/19/2026 17692 ## Summary Total ## PV 138492001 00999 5/22/2026 25259312 ## Summary Total ## Payment Amount ## 119266 EARLE M JORGENSEN CO ## DBA EMJ ## EARLE M JORGENSEN CO DBA EMJ ## 10650 SOUTH ALAMEDA STREET ## LYNWOOD CA 90262 ## PV 138426001 00999 5/15/2026 2674556462 ## Summary Total ## Payment Amount ## 100158 ECM PUBLISHERS INC ## ECM PUBLISHERS INC ## 4C195 COON RAPIDS BLVD ## COON RAPIDS MN 55433 ## ECM ## PV 138365001 00999 5/15/2026 1099230 ## Summary Total pv 138366001 ooggg 5/15/2026 1099229 ## Summary Total ## PV 138372001 00999 5/15/2026 1099231 6/3/2026 13:07:38 Page - 14 ## Payment ## Amount 60.50 490.67 Discount . . . . . . . . Supplier . . . . . . . ## Taken Number Name 490.67 467.49 467.49 1 ,01 8.66 3,851.90 3,851 .90 3 447.10 3 447.10 7,299.00 ## 100144 DEHN OIL COMPANY 1 ,505.24 1 ,505.24 ## 119266 EARLE M JORGENSEN ( ## DBA EMJ 1 ,505.24 93.50 93.50 55.00 55.00 93.50 ## 100158 ECM PUBLISHERS INC ## RO4570 ## CITY ## OF RAMSEY ## Create ## Payment ## Control ## Groups ## Payment ## Group ## Control Number ## Bank ## Account ## Version ## Originator ## Paymem ## Instrument ## Pay ## Through ## Date 4202 999.1010 ## LOG1SOO4V ## JMORRISON 7 ## A/P ## ACH Payment 6{10{2026 . . . . . . . . Payee . . . . . . . . . . . . . . ## Number ## Name/MailingAddress ## Stub ## Message ## CASH ## IN BANK . . Document . . . . . . . Due ## Ty Number ## Itm Co ## Date ## Summary ## Total ## Payment ## Amount 00002224 ## Invoice ## Number 100186 ## FRANKENSIGNS ## INC ## FRANKENSIGNS ## 9991 GOODHUE ## STREET ## NE ## P O BOX 490301 ## BLAINE ## MN 55449 ## PV 138420001 00999 5/22/2026 285305 ## Summary ## Total ## Payment ## Amount 100650 ## GRAINGER ## GRAINGER ## INC DEPT. 8065ffl27 ## PALATINE ## IL 60038-0001 ## PV 138377001 00999 5/21/2026 9925081664 ## Summary ## Total ## Payment ## Amount 112564 ## GROLIP ## HEALTH ## INC ## WORKSITE ## GROUP ## HEALTH INC ## WORKSITE ## M.S. # 21109A ## P O ## BOX 1309 ## MINNEAPOLIS ## MN 55440-1309 ## PV 138368001 00999 5/11/2026 7160109 ## Summary ## Total ## Paymem ## Amount 100211 ## HAWKINS ## INC ## HAWKINS ## INC ## P O BOX 860263 ## PV 138369001 00999 5/18/2026 7427426 ## Summary ## Total ## PV 138411 001 00999 5/21/2026 7434515 6/3/2026 1307:38 Page - 15 ## Payment ## Amount 93.50 242.00 ## Discount . . . . . . . . Supplier . . . . . . . ## Taken ## Number ## Name 64.00 64.00 ## 100186 FRANKENSIGNS ## INC 64.00 72.92 72.92 ## 100650 GRAINGER 72.92 200.00 200.00 ## 112564 GROUP ## HEALTH ## INC ## WORKSITE 200.00 231 .00 231 .00 5,471 .37 ## 100211 HAWKINS ## INC ## RO4570 ## CITY OF RAMSEY ## Create Payment Control Groups ## Payment Group Control Number ## Bank Account ## Version ## Originator ## Payment Instrument ## Pay Through [)ate 4202 999.1010 ## LOG1SOO4V ## JMORRISON ## 'r A/P ACH Paymem 6/1 0/2026 ## CASH IN BANK00C102224 . . . . . . . . Payee . . . . . . . . . . . . . . ## Number Name/MailingAddress ## MINNEAPOLIS MN 55486-0263 ## Stub ## Message . . Document . . . . . . . Due ## Ty Number Itm Co Date ## Summary Total ## Payment Amount ## Invoice ## Number ## 117332 HEARTLAND TIRE/TELLE ## TIRE MN LLC ## HEARTLAND TIRE/TELLE TIRE MN LLC ## 7982 BIG BEND BLV[) ## WEBSTER GROVES MO 63119 ## PV 138428001 00999 5/19/2026 811001819 ## Summary Total ## Payment Amount ## 119617 HIRSHFIELD'S ## HIRSHFIELD'S ## 725 2ND AVENUE N ## MINNEAPOLIS MN 55405 ## PV 138351 001 00999 5/15/202B 22199029 ## Summary Total ## Paymem Amount ## 104027 INK WIZARDS INC ## INK WIZARDS INC ## 9958 HIGHWAY 10 NW ## ELK RIVER MN 55330 ## PV 138358001 00999 5/18/2026 13280 ## Summary Total ## Payment Amount ## 100258 LEAGUE OF MINNESOTA ## CITIES ## LEAGUE OF MN CITIES ## FINANCE DEPT ## 145 UNIVERSITY AVE WEST ## PV 138334001 00999 5/4/2026 450787 ## Summary Total 6/3/2026 13:07:38 Page - 16 ## Payment ## Amount 5,471 .37 5,702.37 Discount . . . . . . . . Supplier . . . . . . . ## Taken Number Name 867.60 867.60 ## 117332 HEARTLANDTIRE/TELLE ## TIRE MN LLC 867.60 294.88 294.88 ## 119617 HIRSHFIELD'S 294.88 526.50 526.50 ## 104027 INKWIZARDSINC 526.50 15.00 15.00 ## 100258 LEAGUE OF MINNESOT! ## CITIES ## RO4570 ## CITY OF RAMSEY ## Create Payment Control Groups ## Payment Group Control Number ## Bank Account ## Version ## Originator ## Payment Instrument ## Pay Through Date 4202 999.1010 ## LOG1SOO4V ## JMORRISON ## T A/P ACH Payment 6/1 0/2026 ## CASH IN BANK 00002224 ## Payee ## NumberName/Mailing Address ## ST PAUL MN 55103-2044 ## Stub ## Message . . [)ocument . . . . . . . ## Ty Number Itm Co ## Payment Amount ## Due ## Date ## Invoice ## Number ## 102954 LITTLE FALLS MACHINE ## INC ## LITTLE FALLS MACHINE INC ## 300 LINDBERGH DRIVE SOUTH ## LITTLE FALLS MN 56345-1598 ## PV 138496001 00999 5/29/2026 376841 ## Summary Total ## Payment Amount ## 1002E13 MENARDS COON RAPIDS ## MENARDS COON RAPIDS ## 3045 MAIN STREET ## COON RAPIDS MN 55448 ## PV 138362001 00999 5/20/2026 65118 ## Summary Total ## PV 138444001 00999 5/26/2026 85494 ## Summary Total ## PV 138448 001 00999 5/26/2026 65488 ## Summary Total ## Payment Amount ## 100284 MENARDS ELK RIVER ## MENARDS ELK RIVER ## 19521 EVANS STREET NW ## ELK RIVER MN 55330-1 077 ## PV 138350001 00999 5/15/2026 36961 ## Summary Total ## PV 138412001 00999 5/20/2026 37258 ## Summary Total ## PV 138413001 00999 5/21/2026 37319 ## Summary Total ## Payment Amount 6/3/2026 13:07:38 Page - 17 ## Payment ## Amount Discount . . . . . . . . Supplier . . . . . . . ## Taken Number Name 15.00 636.42 636.42 ## 102954 LITTLE FALLS MACHINE ## INC 636.42 40.83 40.83 66.46 66.46 95.67 95.67 202.96 ## 100283 MENARDS COON RAPID 93.71 93.71 247.80 247.80 - 95.67 95.67 437.18 ## 100284 MENARDS ELK RIVER ## RO4570 ## CITY OF RAMSEY ## Create Payment Control Groups ## Payment Group Control Number ## Bank Account ## Version ## Originator ## Payment Instrument ## Pay Through Dale 4202 999.1010 ## LOGISOO4V ## JMORRISON ## T A/PACH Payment 6/1 0/2026 ## CASH IN BANK 00002224 . . . . . . . . Payee . . . . . . . . . . . . . ## Number Name/MailingAddress ## 119825 METRO CREATIVE GRAPHICS ## INC ## METRO CREATIVE GRAPHICS INC ## Pa BOX 2085 ## LMNGSTON NJ 07039 ## 108208 METRO PRODIICTS LLC ## METRO PRODuCTS LLC ## 740i CENTRAL AVENLIE NE ## FRIDLEY MN 55432 ## Stub ## Message . . Document. . .. . . . Due Invoice ## Ty Number Itm Co Date Number ## PV 138484001 00999 5/29/2026 485212 ## Summary Total ## Payment Amount ## PV 138436001 00999 5/21/2026 191956 ## Summary Total ## Paymem Amount ## 113909 MOBILE VEHICLE ## INTEGRATION ## MOBILE VEHICLE INTEGRATION ## 835 XENIA AVENUE NW ## ELK RIVER MN 55330 ## PV 138378001 00999 5/22/2026 26-051436 ## Summary Total ## PaymentAmount ## 100341 MTI DISTRIBUTING INC ## MTI DISTRIBUTING INC ## SDS 12-1900 ## P O BOX 86 ## MINNEAPOLIS MN 55486-1900 ## PV 138440001 00999 5/22/2026 1520061-00 ## Summary Total 6/3/2026 13:07:38 Page - 18 ## Payment ## Amount 99.00 ## Discount ## Taken . . . . . . . . Supplier . . . . . . . ## Number Name ## 119825 METRO CREATIVE ## GRAPHICS INC 99.00 99.00 67.55 67.55 ## 108208 METRO PRODUCTS LLC 67.55 ## 1,801.18113909 MOBILEVEHICLE ## INTEGRATION 1801.18 1,801.18 127.95 127.95 ## 100341 MTI DISTRIBUTING INC ## Payment Amount 127.95 ## RO457C1 ## CITY OF RAMSEY ## Create Payment Control Groups ## Paymem Group Control Number ## Bank Account ## Version ## Originator ## Payment Instrument ## Pay Through Date 4202 999.1010 ## LOGISOO4V ## JMORRISON ## 7 HP ACH Payment 6/1 0/2026 . Payee . . . , , ## Number ## Name / Mailing Address ## Stub ## Message ## 100345 NAPA AuTO PARTS ELK ## RIVER ## NAPA AUTO PARTS ELK RIVER ## 17137 YALE STREET NW ## ELK RIVER MN 55330 ## CASH IN BANK 00002224 . . Document . . . . . . . Due I nvoice ## Ty Number Itm Co Date Number ## PV 138493 001 00999 E!29/2026 343200 ## Summary Total ## PV 138498001 00999 5/29/2026 343258 ## Summary Total ## Paymem Amount ## 100363 NORSAN COMPANY ## NORSAN COMPANY ## 341 COON RAPIDS BLVD NW ## COON RAPIDS MN 55433 ## PV 138353001 00999 5/18/2026 101525 ## Summary Total ## PV 138354001 00999 5/20/2026 101525-1 ## Summary Total ## PV 138479001 00999 5/29/2026 101571 ## Summary Total ## Payment Amount ## 115071 NORTHLAND OCCUPATIONAL ## HEALTH ## NORTHLAND OCCUPATIONAL HEALTH ## 7533 SUNWOOD DRIVE NW ## SUITE 212 ## RAMSEY MN 55303 ## PV 138363001 00999 5/19/2026 2578637 ## Summary Total ## PV 138364001 00999 5/20/2026 2578656 ## Summary Total ## Payment Amount ## 100393 PRAIRIE RESTORATIONS ## INC ## PV 138473001 00999 5/28/2026 INV-018892 6/3f2026 13:07'38 Page - I g ## Payment ## Amount Discount . . . . . . . . Supplier . . . . . . . ## Taken Number Name 240.18 240.18 4.69 4.69 244.87 ## 100345 NAPA AUTO PARTS ELK ## RIVER 271.11 271.11 31 .93 31 .93 339.88 339.88 642.92 ## 100363 NORSAN COMPANY 55.00 55.00 590.00 ## 115071 NORTHLAND ## OCCUPATIONAL HEALn- 590.00 645.00 2,800.00 ## 100393 PRAIRIE RESTORATIONi ## INC ## RO4570 ## CITY OF RAMSEY ## Create Payment Control Groups ## Payment Group Control Number ## Bank Account ## Version ## Originator ## Payment Instrument ## Pay Through Date 4202 999.1010 ## LOGISOO4V ## JMORRISON ## 7 A/P ACH Payment 6/1 0/2026 ## CASH IN BANK 00002224 . . . . . . . . Payee . . . . . . . . . . . . . . ## Number Name/ Mailing Address ## PRAIRIE RESTORATIONS INC ## 31646 128TH STREET ## PRINCETON MN 55371 ## Stub ## Message . . Document. . .. . . . Due Invoice ## Ty Number Itm Co Date Number ## Summary Total ## PV 138474001 00999 5/29/2026 INV-018941 ## Summary Total ## PV 138478001 00999 5/29/2026 INV-018942 ## Summary Total ## Payment Amount ## 113444 PRECISE ## PRECISE ## 8633 EAGLE CREEK PKWY ## SAVAGE MN 55378 ## PV 138442001 00999 5/22/2026 1N200-2C113029 ## Summary Total ## Payment Amount ## 120063 SKYLINE GRAPHICS ## SKYLINE GRAPHICS ## 1101 ALDRICH AVE N ## MINNEAPOLIS MN 55411 ## Bus Card F Chehouri ## & Bldg Div ## Bus Cards Bruce ## Westby ## Bus Cards Hafedh ## Hlel ## PV 138332001 00999 5/14/2026 036752 ## Summary Total ## PV 138333 001 00999 5/14/2026 036753 ## Summary Total ## PV 138446 001 00999 5/20/2026 036762 ## Summary Total ## Payment Amount ## 100469 STREICHER'S ## STREICHER'S ## PV 138375001 00999 5/20/2026 11828110 ## Summary Total 6/3/2026 1307:38 Page - 20 ## Payment ## Amount 2,800.00 1 ,500.00 1 ,500.00 3,000.00 3,000.00 7,300.00 ## Discount ## Taken . . . . . . . . Supplier . . . . . . . ## Number Name 1 ,265.00 1 ,265.00 ## 113444 PRECISE 1 ,:ss.oo 150.00 ## 120063 SKYLINE GRAPHICS 150.00 55.00 55.00 55.00 55.00 260.00 ## M.99 14.99 ## 100469 STREICHER'S ## RO4570 ## CITY OF RAMSEY ## Create Payment Control Groups ## Payment Group Control Number ## Bank Account ## Version ## Originator ## Payment Instrument ## Pay Through Date 4202 999.1010 ## LOGISOO4V ## JMORRISON ## 7 A/P ACH Payment 6/1 or>oza ## CASH IN BANK 00002224 , . . . . . . . Payee . . . . . . . . . . . ## Number Name / Mailing Address ## 10911 WEST HWY 55 ## MINNEAPOLIS MN 55441 ## Stub ## Message . . Document . . . . . . . ## Ty Number Itm Co ## Payment Amount ## Due ## Date ## Invoice ## Number ## 117483TAFTSTETTINIUS AND ## HOLLISTER LLP lnv#7114217 ## PV 138421 001 00999 5/28/2026 7114217 ## TAFT STETTINIUS AND HOLLISTER LLP ## P O BOX 64591 ## ST PAUL MN 55164-0591 ## Summary Total ## Payment Amount ## 100485 TIMESAVER OFF SITE ## SECRETARIAL INC ## PV 138485001 00999 5/29/2026 32405 ## TIMESAVER OFF SITE SECRETARIAL INC ## 21021 KAROLINE COURT N ## FOREST LAKE MN 55025 ## Summary Total ## PV 138486001 00999 5/29/2026 32414 ## Summary Total ## PV 138487001 00999 5/29/2026 32460 ## Summary Total ## PV 138488001 00999 5/29/2026 32446 ## Summary Total ## PV 138489001 00999 5/29/2026 32451 ## Summary Total ## Payment Amount ## 106990 USABLUEBOOK ## PV 138376001 00999 5/21/2026 1NVO1053513 ## USA BLUE BOOK ## Summary Total ## 6/3{2026 13:07'3E1 Page - 21 ## Payment ## Amount ## Discount ## TakenNumber . Supplier . . . . . . . ## Name 14.99 650.00 650.00 ## 117483 TAFTSTETTINIUSAN[) ## HOLLISTER LLP 650.00 428.25 428.25 557.63 557.63 178.00 178.00 178.00 i78.00 178.00 178.00 1,519.88 ## 100485 TIMESAVER OFF SITE ## SECRETARIAL INC 1,940.14 1,940.14 ## 106990 USABUUEBOOK ## RO4570 ## CITY OF RAMSEY ## Create Payment Control Groups ## Payment Group Control Number ## Bank Account ## Version ## Originator ## Payment Instrument ## Pay Through Date 4202 999.1010 ## LOG1SOO4V ## JMORRISON ## T A/PACH Payment 6/1 0/2026 ## CASH IN BANK 00002224 . . . . . . . . Payee ## Number Name/MailingAddress ## PO BOX 9004 ## GURNEE IL 60031-9004 ## Stub ## Message . . [)ocument. . . . . . . ## Ty Number Itm Co ## Payment Amount ## Due ## Date ## Invoice ## Number ## 100529 WENDELL'S INC ## WENDELLaS INC ## 6601 BLINKER LAKE BLVD ## Pa BOX 458 ## RAMSEY MN 55303-0458 Name tag & Name ## Plate ## PV 138405001 00999 5/21/2026 3139908 ## Summary Total ## PV 138490001 00999 5/28/2026 3141233 ## Summary Total ## Paymem Amount ## Total Amount to be Processed Total Number of Payments to be Processed 6/3/2026 13:07:38 Page - 22 ## Payment ## Amount Discount . . . . . . . . Supplier . . . . . . . ## Taken Number Name 1,940.14 38.77 ## 100529 WENDELL'S INC ## 3B.77 86.17 86.17 124.94 665,500.55 45 Councilmember introduced the following resolution and moved for its adoption: ## RESOLUTION #26-13 9 ## RESOLUTION APPROVING CASH DISBURSEMENTS MADE AND AUTHORIZING ## PAYMENT OF ACCOUNTS PAYABLE INVOICING RECEIVED DURING THE ## PERIOD OF MAY 21, 2026 THROUGH JUNE 3, 2026 WHEREAS, the City of Ramsey Finance Department has made cash disbursements and received accounts payable invoicing during the period of May 21, 2026 through June 3, 2026 in the amount of $1,427,734.56 and WHEREAS, the City Council of the City of Ramsey is required to authorize payment for all disbursement transactions. ## NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ## RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That the Ramsey City Council hereby approves the cash disbursements made and authorizes payment of the accounts payable invoices as detailed in the attached Bills List for the period May 21, 2026 through June 3, 2026 in the amount of $1,427,734.56. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember , and upon vote being taken thereon, the following voted in favor thereof: ## Mayor Heineman ## Councilmember ## Councilmember ## Councilmember ## Councilmember ## Councilmember ## Councilmember and the following voted against the same: ## None and the following abstained: ## None and the following were absent: ## None Resolution #26-139 Page 2 of 2 Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this the 9 th day of June, 2026. ## Mayor ## ATTEST: ## City Clerk 5. 13. ## CC Regular Session ## Meeting Date: 06/09/2026 ## Primary Strategic Plan Initiative: ## Title: Adopt Resolution #26-140 Accepting Proposal for Andrie Street and 164th Lane Pavement Evaluation ## Purpose/Background: ## Purpose: The purpose of this case is to adopt Resolution #26-140 accepting the proposal for Andrie Street and 164th Lane Pavement Evaluation from American Engineering Testing for the lump sum total of $10,700.00. ## Background: Andrie Street and 164th Lane was reconstructed in 2016 with a 10-ton pavement strength design consisting of 3.5-inches bituminous over 6.0-inches aggregate base. The project was reconstructed, inspected, and tested following MnDOT specifications and MSA design standards. Since reconstruction, these streets received a crack seal treatment in 2019 and 2023. Additionally, an application of rejuvenator was applied in 2022. In the spring of 2026 staff noted longitudinal and fine alligator cracking in the wheel paths along the majority of this corridor. This type of cracking is not anticipated in a pavement of this age and reconstructed to these design standards. Because the street was crack sealed in 2023, staff can verify the majority of cracking has occurred within the last 2 – 3 years. Staff reviewed the streets constructed or reconstructed at a similar time as Andrie Street and 164th Lane, and did not find similar cracking. Staff contacted American Engineering Testing (AET), the City’s current geotechnical and construction testing services firm, to provide a proposal for forensic evaluation of the pavement to understand possible causes of the distresses and provide recommendations for potential repair solutions. AET’s approach will be as non-destructive as practical, using a combination of Ground Penetrating Radar (GPR), field exploration including 5 or 6 pavement cores, soil laboratory testing, and asphalt laboratory testing. The proposal is attached to this case for reference. This proposal and AET’s recommendations will assist city staff in determining the next proper maintenance or construction activity for Andrie Street and 164th Lane. Staff will update this project in the next CIP accordingly. ## Notification: The field work will cause little to no delays, and be performed under traffic, so notifications are not required. ## Time Frame/Observations/Alternatives: ## Alternatives: Motion to adopt Resolution #26-140 accepting the proposal for Andrie Street and 164th Lane Pavement Evaluation from American Engineering Testing for the lump sum total of $10,700.00. ## Funding Source: Funding for this work is proposed to come from Municipal State Aid Funds. ## Recommendation: During the April 21, 2026 Public Works Committee meeting this item was discussed. The committee supported During the April 21, 2026 Public Works Committee meeting this item was discussed. The committee supported staff obtaining a proposal to perform pavement evaluation of Andrie Street and 164th Lane. Staff recommends adopting Resolution #26-140 accepting the proposal for Andrie Street and 164th Lane Pavement Evaluation from American Engineering Testing for the lump sum total of $10,700.00. ## Outcome/Action: Adopt Resolution #26-140 accepting the proposal for Andrie Street and 164th Lane Pavement Evaluation from American Engineering Testing for the lump sum total of $10,700.00. ## Attachments Res 26-140 ## AET Proposal ## Andrie & 164th Existing Conditions Pictures ## 16-00 Title Sheet ## 16-00 Typical Section ## Form Review ## InboxReviewed ByDate ## Brian HagenBrian Hagen06/04/2026 10:30 AM ## Form Started By: Joe FeriancekStarted On: 06/03/2026 04:03 PM ## Final Approval Date: 06/04/2026 Councilmember ____ introduced the following resolution and moved for its adoption: ## RESOLUTION #26-140 ## RESOLUTION ACCEPTING PROPOSAL FOR PAVEMENT EVALUATION OF ANDRIE ## STREET AND 164 ## TH ## LANE ## WHEREAS, Andrie Street and 164 th Lane between Alpine Drive and Jarvis Street was reconstructed in 2016 as Improvement Project 16-00 Division C; and WHEREAS, pavement distress not typically associated with streets of this age and design strength have been observed; and WHEREAS, a proposal was received from American Engineering Testing for forensic evaluation of the pavement to understand possible causes of distresses and provide recommendations for potential repair solutions for the lump sum total of $10,700.00; and WHEREAS, staff will use the pavement evaluation to assist with determining proper repair activities for said streets. ## NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ## RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA: 1) The City Administrator is hereby authorized and directed to enter into a contract with American Engineering Testing for said pavement evaluation services for and on behalf of the City of Ramsey. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember _______ and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: and the following abstained: and the following were absent: Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this the 9 th day of June, 2026. ## Mayor ## ATTEST: Resolution #26-140 Page 2 of 2 ## City Clerk ## 550 Cleveland Avenue North | Saint Paul, MN 55114 Phone (651) 659-9001 | (800) 972-6364 | Fax (651) 659-1379 | teamAET.com | AA/EEO This document shall not be reproduced, except in full, without written approval from American Engineering Testing, Inc. June 3, 2026 ## City of Ramsey ## 7550 Sunwood Dr. NW ## Ramsey, MN 55303 Attn: Mr. Joe Feriancek ## RE: Proposal for Pavement Evaluation Andrie St and 164 th ## Ln Ramsey, Minnesota ## AET Proposal No. P-0053287 ## Dear Mr. Feriancek: American Engineering Testing (AET) is pleased to submit a proposal for this project. In this proposal, we present our understanding of the project, an outline of the scope of services we are to provide, our anticipated schedule, and an estimate of our fees. ## 1.0 PROJECT INFORMATION Per your emailed request and our correspondence, we understand Andrie Street from 164th Lane NW to Alpine Street NW, and 164 th Lane NW from Jarvis Street NW to Andrie Street NW, were reconstructed in 2016, subsequently crack sealed in 2019 and 2023, and received an application of the pavement rejuvenator Reclamite in 2022. The street section is shown below in Figure 1. ## Figure 1. Typical Section, Andrie Street and 164th Lane NW Despite the age and maintenance, the City of Ramsey (City) has observed more frequent and severe distresses on these pavements than on similar projects. As such, the City is requesting a forensic evaluation of the pavement to understand possible causes of the distresses and provide recommendations for potential repair solutions. ## 2.0 SCOPE OF SERVICES To evaluate Andrie Street and164th Lane NW, we propose the following scope of services. ## Proposal for Pavement Evaluation Andrie St and 164 th ## Ln, Ramsey, MN June 3, 2026 ## AET Proposal No. P-0053287 Page 2 of 5 ## 2.1 Ground Penetrating Radar (GPR) Survey To understand the existing pavement thickness, we propose to perform a GPR survey in all drive lanes. The data will be collected at a rate of 2 scans per foot (6-inch intervals), using a 2 GHz antenna and GSSI Roadscan equipment, which allows material layer measurements at depths of up to 18 inches; less penetration or data clarity can be expected in densely populated areas. The GPR data collection system is linked to GPS coordinates. We will use the pavement thicknesses measured in cores and shallow borings as “ground truth” for our GPR analysis. Our GPR data collection will also include high-resolution video, which we will use to review current pavement surface conditions. ## 2.2 Field Exploration x Obtain any necessary City right-of-way permit for drilling. We assume there will be no fee for the permit. x Provide traffic control for all cores and borings. Based on the roadway configurations, speeds, and traffic levels, we are planning for this to include signs and cones only. x Extract 5 or 6, 6-inch diameter pavement cores at or near locations selected following review of the GPR data and approved by the City. The purpose of the cores is to provide “ground truth” verification to GPR data and to obtain material for asphalt laboratory testing. x At each location, perform a dynamic cone penetrometer (DCP) test to estimate the stiffness of the aggregate base and subgrade and advance a hand auger borings to the bottom of aggregate base or to a maximum depth of 18 inches to measure layer thicknesses. x Collect as-drilled core locations utilizing GPS equipment with submeter accuracy. Following our field work, we will remove excess cuttings from the pavement surface and patch the holes at the surface with bituminous cold patch. Even after backfilling, some sloughing of the backfill may occur, resulting in a potential tripping hazard. AET cannot accept any liability associated with injury after we leave the site. ## 2.3 Soil Laboratory Testing We will initiate routine laboratory testing by reviewing each recovered soil sample to assess the major and minor soil components, while also noting the color, degree of saturation, and lenses or seams in the samples. Our services will include laboratory testing of selected soil samples to aid in judging engineering properties of the soils. We will perform moisture content tests on all cohesive soils as well as index tests and passing #200 sieve tests on select materials. On completion of testing, we will visually/manually classify each sample based on texture and plasticity in accordance with the Unified Soil Classification System (USCS) and the American Association of State Highway and Transportation Officials (AASHTO) classification system. ## 2.4 Asphalt Laboratory Testing The pavement cores will be photographed and documented in our laboratory for total height and condition. We will then perform the following tests on each mix: x Core Density (ASTM D2726) – to evaluate in-place density x Rice Specific Gravity (ASTM D2041) – to evaluate maximum density x Asphalt Extraction and Aggregate Gradation (ASTM D2172 Method E-11) MnDOT Modified C137 and C117 – for asphalt content and aggregate proportions ## Proposal for Pavement Evaluation Andrie St and 164 th ## Ln, Ramsey, MN June 3, 2026 ## AET Proposal No. P-0053287 Page 3 of 5 2.5 Report Following the field and laboratory services, we will prepare a geotechnical report with our findings. This report will include soil boring location figures, subsurface boring logs, pavement core logs, laboratory soil test results, descriptions of drilling, sampling, testing, and classifications methods, as well as our geotechnical engineering opinions and recommendations regarding the following: x A summary of the encountered pavement and aggregate base thickness from cores, hand auger borings, and GPR x A review of the soil and groundwater conditions encountered and pertinent engineering properties of the existing subgrade soils x A discussion of the observed pavement conditions, asphalt lab testing results, and our opinion of possible causes of the distresses observed by the City x Recommendations for maintenance or repair of the roadways To complete our report, we request that the City provide any documentation they have for the project including results from mix verification testing and pavement and soil density testing from construction. Following review of a draft report and your comments, we will prepare and submit a final report. ## 3.0 SCHEDULE Based on our current backlog and weather permitting, the field exploration for GPR can be completed within about two weeks following authorization, with coring and hand auger borings about two weeks later, followed by soil and asphalt laboratory testing and reporting. The GPR testing will be completed in less than one day. The cores and hand auger borings will be completed in about one day. We can submit a draft report within two to three weeks of the completion of our fieldwork, with the goal of submitting it by the end of July 2026, assuming we authorized as proposed by the City. ## 4.0 FEES The scope of services described above will be performed on a lump sum basis according to the breakdown below. ## 4.0 Geotechnical Base Scope 1. GPR and Analysis $ 1,860 2. Cores, DCPs and Hand Auger Borings $ 2,610 3. Soil Laboratory Logging & Testing $ 450 4. Asphalt Laboratory Testing $ 1,710 5. Project Management & Reporting $ 4,070 Total $ 10,700 In the event the scope of our services needs to be revised, we will review such scope adjustments and the associated fees with you and receive your approval before proceeding. ## Proposal for Pavement Evaluation Andrie St and 164 th ## Ln, Ramsey, MN June 3, 2026 ## AET Proposal No. P-0053287 Page 4 of 5 ## 5.0 UNDERGROUND UTILITIES Before we drill, we will contact Gopher State One Call to locate public underground utilities. Gopher State One Call does not currently charge for this service, but they will not locate private underground utilities or structures. Examples of private utilities include, but are not limited to, propane lines, sewer laterals, sprinkler systems, site lighting, and electric and data lines between buildings. Gopher State One Call indicates that the property owner is responsible for locating all private underground utilities and structures. Also, please provide us with any maps, plans, and records showing the location of all private utilities and structures. We can provide you with names and contact information for private utility locators. These companies usually charge a fee for their services. Also, please note that private locators cannot guarantee that all private utilities will be located. For the private locator to be accurate and effective, the property owner must provide maps, plans and records showing the location of all private utilities and structures. The property owner must also provide a knowledgeable site representative to meet with the private locator and AET personnel. AET shall be entitled to rely upon the accuracy of all location information supplied by any source. We will not be responsible for any damages to underground utilities or structures not located or incorrectly identified by the property owner, any maps, plans or records, or public or private utility locator providers. ## 6.0 TERMS AND CONDITIONS All AET Services are provided subject to the Terms and Conditions set forth in the enclosed “Environmental/Geotechnical Service Agreement—Terms and Conditions,” which, upon acceptance of this proposal, are binding upon you as the Client requesting Services, and your successors, assignees, joint venturers and third-party beneficiaries. Please be advised that additional insured status is granted upon acceptance of the proposal. ## 7.0 ACCEPTANCE This proposal is presented in electronic (PDF) form; hard copies can be prepared and mailed to your office upon request. AET requests written acceptance of this proposal in the Proposal Acceptance box below, but the following actions shall constitute your acceptance of this proposal together with the Terms and Conditions and Amendments: 1) issuing an authorizing purchase order for any of the Services described above, 2) authorizing AET’s presence on site, or 3) written or electronic notification for AET to proceed with any of the Services described in this proposal. Please indicate your acceptance of this proposal by signing below and returning a copy to us. When you accept this proposal, you represent that you are authorized to accept on behalf of the Client. ## Proposal for Pavement Evaluation Andrie St and 164 th ## Ln, Ramsey, MN June 3, 2026 ## AET Proposal No. P-0053287 Page 5 of 5 AET appreciates the opportunity to provide this service for you and looks forward to working with you on this project. If you have questions or need additional information, please contact us. ## Sincerely, ## American Engineering Testing ## Neil G. Lund, PE (MN) ## Principal Engineer nlund@teamAET.com 612-369-3163 ## ACCEPTANCE AND AUTHORIZATION: AET Proposal No. P-0053287 ## SIGNATURE: ## PRINTED NAME: ## COMPANY: ## ADDRESS: ## PHONE NUMBER AND EMAIL: ## DATE: ## INVOICING INFORMATION (Provide Company AP Department Information, if present.) ## AP CONTACT NAME: ## BILLING/MAILING ADDRESS: ## AP PHONE NUMBER AND INVOICE EMAIL: ## P.O. NO./ PROJECT NO.: ## Neil G. Lund Digitally signed ## by Neil G. Lund Date: 2026.06.03 11:35:00-05'00' ## Exisitng Conditions Pictures: Andrie Street and 164 th Lane 5/7/2026 ## 7550 SUNWOOD DRIVE ## RAMSEY, MN 55303 ## (763) 427-1410 FAX (763) 433-9898 7. 1. ## CC Regular Session ## Meeting Date: 06/09/2026 ## Primary Strategic Plan Initiative: ## Not Applicable ## Title: Adopt Resolution #26-136 Declaring the City of Ramsey will not fly the State Flag ## Purpose/Background: On May 26, 2026, the City Council passed a motion declaring the City of Ramsey would not fly the Minnesota State Flag. Minnesota Statute requires only the State Capitol Grounds to have the flag continuously flown. This resolution memorializes the previously passed motion. ## Recommendation: Staff recommends adopting Resolution #26-136 to memorialize a previously passed motion. ## Outcome/Action: Motion to adopt Resolution #26-136 Declaring the City of Ramsey will not fly the State Flag. ## Attachments Res #26-136 ## Form Review ## InboxReviewed ByDate ## Brian HagenBrian Hagen06/04/2026 10:30 AM ## Form Started By: Brian HagenStarted On: 06/02/2026 08:22 AM ## Final Approval Date: 06/04/2026 Councilmember introduced the following resolution and moved for its adoption: ## RESOLUTION #26-136 ## RESOLUTION DECLARING THE CITY OF RAMSEY WILL NOT FLY A MINNESOTA ## STATE FLAG WHEREAS, Minnesota State Statute 1.141, subdivision 5, requires the official state flag to be flown on the State Capitol grounds at all times between sunrise and sunset; and WHEREAS, Minnesota State Statutes do not require municipal governments to fly the official state flag; and WHEREAS, the City Council declares that the City of Ramsey shall not fly the current or historic versions of the Minnesota state flag. ## NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY ## OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: 1) That the City of Ramsey hereby declares that the City will not fly either the current or historic versions of the Minnesota State Flag. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember , and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: and the following abstained: and the following were absent: whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this 9 th day of June, 2026. ## Mayor ## ATTEST: ## City Clerk 7. 2. ## CC Regular Session ## Meeting Date: 06/09/2026 ## Primary Strategic Plan Initiative: Strive for high organizational morale and employee retention ## Title: ## Authorization to Hire a Part-time Communications Specialist - Please Note: this case was added to the agenda at the meeting. ## Purpose/Background: The purpose of this case is for the City Council to authorize hiring a part-time Communications Specialist. This position was discussed during the 2026 budget discussions and included in the budget for an April hire date. Information was provided that the new role will provide much needed support to the communications function, including back-up to the Communications Coordinator, which for the most part, does not exist at this time. The prolonged and ongoing workload, in addition to special projects, is unsustainable with only one dedicated communications employee. Additionally, with the Ramsey Resident advertising now being handled by the Communications Coordinator rather than outsourced, advertising revenue now stays in-house. This position is needed to assist with elections and general coverage. Note, with the elimination of the front reception desk, Administrative Services is down one full-time and one part-time employee. Staff conducted an open competitive recruitment, resulting in several interviews. At this time, Rachel Lahlum has been selected to advance in the recruitment process. Ms. Lahlum passed the necessary pre-employment background checks and is recommended for hire. As an AFSCME employee, Ms. Lahlum will be subject to a six-month probationary period, the AFSCME contract and the Personnel Policy. The purpose of this position is to assist with day-to-day City communications, including but not limited to social media and website management, ADA compliance, content creation, and cross-departmental support to ensure continuity, consistency and responsiveness across communication platforms. The Communications Specialist will work closely with the Communications Coordinator focusing on implementation, technical execution, as well as departmental assistance. The full job description is attached. ## Funding Source: The funding required to hire Ms. Lahlum is included in the 2026 budget. With the delayed start date, at step one of the scale, the funding required in 2026 is approximately $19,000. ## Recommendation: To hire Ms. Rachel Lahlum as a part-time Communications Specialist, effective on or near June 15, 2026, at $30.803 per hour, which is step 1 of the 2026 wage scale. ## Outcome/Action: Motion to hire Ms. Rachel Lahlum as a part-time Communications Specialist, effective on or near June 15, 2026, Motion to hire Ms. Rachel Lahlum as a part-time Communications Specialist, effective on or near June 15, 2026, at $30.803 per hour, which is step 1 of the 2026 wage scale. ## Attachments Job Desc. ## Form Review ## InboxReviewed ByDate ## Brian HagenBrian Hagen05/21/2026 12:12 PM ## Form Started By: Colleen LasherStarted On: 05/21/2026 09:01 AM ## Final Approval Date: 06/10/2026 Page 1 ## COMMUNICATIONS SPECIALIST ## Position Title: Communications Specialist ## Department: Administrative Services ## Reports To: Administrative Services Director ## FLSA Status: Non-Exempt ## Safety Sensitive Position: No ## PRIMARY OBJECTIVE OF POSITION: The Communications Specialist assists with day-to-day City communications, including but not limited to social media and website management, ADA compliance, content creation, and cross- departmental support to ensure continuity, consistency and responsiveness across communication platforms. The Communications Specialist works closely with the Communications Coordinator focusing on implementation, technical execution, as well as departmental assistance. ## ESSENTIAL FUNCTIONS/PRIMARY RESPONSIBILITIES: ## Content Creation & Digital Communications • Assists with social media posts related to City projects, events, service updates and emergencies. • Assists with drafting content for the website and internal communications. • Creates and edits graphics, flyers, posters, brochures, maps, and visual content for City departments. • Edits and polishes written content, including City Council highlights, newsletters, FAQs, and articles. • Assists in developing recruitment and other employment-related communications. ## Website Administration & ADA Compliance • Assists with maintaining and updating the City website to ensure accuracy, accessibility, and ADA compliance. • Creates and maintains accessible documents, including screen‑reader‑friendly materials and fillable PDF or online forms. • Updates forms, links, policies, procedures, and department pages as directed. • Provides backup support for website administration. • Coordinates with Information Technology on website functionality, troubleshooting, and user access. ## Photography, Video & Media Support • Photographs City events, meetings, trainings, and community activities to support communications and documentation. • Records presentations, trainings, and meetings for organizational or public access. • Assists with basic video editing and image preparation for websites, social media, and the employee intranet. • Maintains an organized archive of photos, videos, and digital media assets. ## Departmental & Cross-Functional Support Page 2 ## COMMUNICATIONS SPECIALIST • Provides communications support to multiple departments, including IT, Parks, ## Engineering, City Clerk, Human Resources, Public Works, and Planning/Economic Development. • Creates maps (including interactive and GPS-enabled maps), promotional materials, and informational handouts. • Assists with promotion, events, open houses, elections, ribbon cuttings, and community outreach activities. • Supports internal communications such as all-staff events, presentations, intranet updates, and training materials. • Helps update and format manuals, policies, procedures, and training documents. • Demonstrates effective, respectful communication and fosters positive working relationships with staff at all levels, external organizations, and community members. • Performs essential position duties and responsibilities under the working conditions and physical demands described herein. • Performs other related functions as apparent or delegated. ## KNOWLEDGE, SKILLS, AND ABILITIES: • Knowledge of website content management systems and ADA accessibility standards. • Knowledge of graphic design principles and digital content best practices. • Skill in Adobe Creative Cloud applications (including Illustrator, Photoshop, and InDesign). • Skill in Microsoft Office applications, including Word, Excel, and PowerPoint. • Skill in clear, effective written and visual communication. • Ability to manage multiple projects, meet deadlines, and adapt to changing priorities. • Ability to work collaboratively across departments and maintain positive working relationships. • Ability to follow established branding, style, and communication guidelines. • Ability to be present during regularly scheduled work hours and occasionally outside standard hours as needed. ## MINIMUM QUALIFICATIONS: • Associate’s degree in Communications, Marketing, Graphic Design, Digital Media, or a related field, or equivalent experience. • One (1) year of experience in communications, website management, digital content creation, or a related field. • Experience working with websites, social media platforms, and digital content tools. • Proficiency with Adobe Creative Cloud and Microsoft Office applications. • Strong writing, editing, and proofreading skills. ## DESIRED QUALIFICATIONS: ## • Bachelor’s degree in Communications, Marketing, Journalism, Graphic Design, Digital Media, or a related field. Page 3 ## COMMUNICATIONS SPECIALIST • Experience with ADA compliance and accessibility standards. • Experience creating fillable forms, interactive maps, or multimedia content. • Experience in a municipal or government setting. ## SUPERVISION OF OTHERS: ## Not Applicable ## EQUIPMENT/JOB LOCATIONS: The work environment characteristics described are representative of those an employee encounters while performing the essential functions of the job. Duties are typically performed indoors and occasionally outdoors. ## CONDITIONS OF EMPLOYMENT: • Must comply with organizational and departmental policies. • Must adhere to safety policies and actively promote safe practices in the workplace based on mandatory safety training. This position description does not constitute an employment agreement between the employer and the employee and is subject to change by the employer as the needs of the city and requirements of the job change. The City of Ramsey is an Equal Opportunity Employer in compliance with the Americans with Disabilities Act. It will provide reasonable accommodations to qualified individuals with disabilities and encourage both prospective and current employees to discuss potential accommodations with the employer. Page 4 ## COMMUNICATIONS SPECIALIST ## JOB ACTIVITY REQUIREMENTS Job activity requirements ## Physical Activities ## Very ## Important ## Important Slightly ## Important ## Not ## Important 1 Standing x 2 Sitting x 3 Walking x 4 Lifting x 5 Pushing / Pulling x 6 Carrying x 7 Climbing x 8 Kneeling x 9 Crawling x 10 Crouching x 11 Bending at the waist x 12 Reaching x 13 Handling Objects x ## 14 Repetitive Hand Motion x ## 15 Use of Arm Muscles over Extended ## Periods x ## 16 Use of Leg Muscles over Extended ## Periods x 17 Overhead Work x 18 Stationary desk or bench work x Job working conditions ## Yes No 1 Working Outdoors x 2 Working Indoors x 3 Operating dangerous equipment x 4 Operating motor vehicles x 5 Providing work direction to other employees x 6 Working with chemicals x 7 Working near fumes and vapors x 8 Driving a City vehicle or a personal vehicle x 9 Driving is an essential function of this job x 10 Subject to random DOT drug and alcohol testing x