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HomeMy WebLinkAbout07.01.24 Council PacketMeeting Location: Farmington City Hall, Council Chambers 430 Third Street Farmington, MN 55024 CITY COUNCIL REGULAR MEETING AGENDA Monday, July 1, 2024 7:00 PM Page 1.CALL TO ORDER 7:00 P.M. 2.PLEDGE OF ALLEGIANCE 3.ROLL CALL 4.APPROVE AGENDA 5.ANNOUNCEMENTS / COMMENDATIONS 5.1. Parks and Recreation Month Proclamation Proclaim July 2024 as Parks and Recreation Month in Farmington. Agenda Item: Parks and Recreation Month Proclamation - Pdf 4 - 5 6.CITIZENS COMMENTS / RESPONSES TO COMMENTS (This time is reserved for citizen comments regarding non-agenda items. No official action can be taken on these items. Speakers are limited to five minutes to address the city council during citizen comment time.) 7.CONSENT AGENDA 7.1. Gambling Event Permit Application for Church of St. Michael, September 28-29, 2024 Agenda Item: Gambling Event Permit Application for Church of St. Michael, September 28-29, 2024 - Pdf 6 - 9 7.2. Temporary On-Sale Liquor License Application for the Church of St. Michael, September 28-29, 2024 Agenda Item: Temporary On-Sale Liquor License Application for the Church of St. Michael, September 28-29, 2024 - Pdf 10 - 14 7.3. Minutes of the June 17, 2024 Regular City Council Meeting Agenda Item: Minutes of the June 17, 2024 Regular City Council Meeting - Pdf 15 - 23 Page 1 of 352 7.4. Minutes of the June 17, 2024 Special Work Session Agenda Item: Minutes of the June 17, 2024 Special Work Session - Pdf 24 - 26 7.5. Resolution Approving a Second Amendment to the Appointments to Council Committees for the Remainder of Calendar Year 2024 Agenda Item: Resolution Approving a Second Amendment to the Appointments to Council Committees for the Remainder of Calendar Year 2024 - Pdf 27 - 29 7.6. Resolution 2024-59 Amending Resolution 2024-43 Approving and Authorizing Execution of an Abatement Agreement with Apartments Farmington, LLC Agenda Item: Resolution 2024-59 Amending Resolution 2024-43 Approving and Authorizing Execution of an Abatement Agreement with Apartments Farmington, - Pdf 30 - 48 7.7. Payment of Claims Agenda Item: Payment of Claims - Pdf 49 - 50 Payment of Claims 7.8. Fire Service Agreement with Eureka Township Agenda Item: Fire Service Agreement with Eureka Township - Pdf Eureka Township Fire Service Agreement 51 - 73 7.9. Staff Changes and Recommendations Agenda Item: Staff Changes and Recommendations - Pdf 74 7.10. Agreement with Rose Music Services for Solo Acoustic Live-Looping Performance Agenda Item: Agreement with Rose Music Services for Solo Acoustic Live-Looping Performance - Pdf 75 - 83 7.11. Donation of Gift Cards and Water Bottles from Twin Cities Running Company to the Dew Run Agenda Item: Accepting a Donation of Gift Cards and Water Bottles from Twin Cities Running Company to the Dew Run - Pdf 84 - 85 7.12. Amendment to the Criminal Justice Network Joint Powers Agreement Agenda Item: Amendment to the Criminal Justice Network Joint Powers Agreement - Pdf 86 - 99 8. PUBLIC HEARINGS 8.1. Cannabis Business Moratorium Approve the passage of Ordinance 2024-06, An Interim Ordinance Prohibiting the Operation of Cannabis Businesses. Agenda Item: Cannabis Business Moratorium - Pdf 100 - 104 9. AWARD OF CONTRACT Page 2 of 352 10. PETITIONS, REQUESTS AND COMMUNICATIONS 11. UNFINISHED BUSINESS 12. NEW BUSINESS 12.1. 2023 Annual Comprehensive Financial Report and Related Audit Reports Not applicable Agenda Item: 2023 Annual Comprehensive Financial Report and Related Audit Reports - Pdf 105 - 352 13. CITY COUNCIL ROUNDTABLE 14. ADJOURN Page 3 of 352 REGULAR COUNCIL AGENDA MEMO To: Mayor, Councilmembers and City Administrator From: Kellee Omlid, Parks & Recreation Director Department: Parks & Recreation Subject: Parks and Recreation Month Proclamation Meeting: Regular Council - Jul 01 2024 INTRODUCTION: Since 1985, people in the United States have celebrated Parks and Recreation Month in July to promote building strong, vibrant, and resilient communities through the power of parks and recreation and to recognize the more than 160,000 full-time parks and recreation professionals along with hundreds of thousands of part-time and seasonal workers and volunteers that maintain our country’s local, state, and community parks. DISCUSSION: recreation and parks ways many the Belong," You “Where theme, year’s This celebrates professionals across the country foster a sense of belonging in their community by providing welcoming and inclusive programs, essential services for all ages and abilities, and safe, accessible spaces to build meaningful connections. Thank you to the Parks and Recreation Staff and volunteers for all you do to provide quality facilities, parks, programs, and an environment that improves quality of life and promotes community unity in Farmington! The Parks and Recreation Department will celebrate Parks and Recreation Month by hosting a party in the park on Friday, July 26 at Lake Julia Park. The party starts at 7 pm with Kidsdance, games, face painting, crafts, and more. Kidsdance is America’s interactive DJ service for kids. At dusk (approximately 8:40 pm), the movie Shrek will be shown. Thank you to the event sponsors including Castle Rock Bank, Dakota Electric Association, Farmington Youth Hockey Association, Marschall Line, and Farmington VFW Post 7662. This is a free event, and all are invited to attend. ACTION REQUESTED: Proclaim July 2024 as Parks and Recreation Month in Farmington. ATTACHMENTS: Parks and Recreation Month Proclamation 2024 Page 4 of 352 P R O C L A M A T I O N PARKS AND RECREATION MONTH, JULY 2024 WHEREAS, parks and recreation is an integral part of communities throughout this country, including Farmington, promoting health and wellness and improving the physical and mental health of people who live near parks; and WHEREAS, parks and recreation promotes time spent in nature, which positively impacts mental health by increasing cognitive performance and well-being and alleviating illnesses, such as depression, attention deficit disorders, and Alzheimer’s; and WHEREAS, parks and recreation encourages physical activities by providing space for popular sports, hiking trails, and many other activities designed to promote active lifestyles; and WHEREAS, parks and recreation programming and education activities, such as out-of-school time programming, youth sports, and environmental education, are critical to child development; and WHEREAS, parks and recreation increases a community’s economic prosperity through increased property values, expansion of the local tax base, increased tourism, the attraction and retention of businesses, and crime reduction; and WHEREAS, parks and recreation is fundamental to the environmental well-being of our community and the city’s parks and natural recreation areas ensure the ecological beauty of Farmington and provide a place for children and adults to connect with nature and recreate outdoors; and WHEREAS, the U.S. House of Representatives has designated July as Parks and Recreation Month; and WHEREAS, the City of Farmington recognizes the benefits derived from parks and recreation resources. NOW THEREFORE, I, Joshua Hoyt, Mayor, on behalf of the Farmington City Council, do hereby proclaim July 2024 as PARKS AND RECREATION MONTH IN WITNESS WHEREOF, I have hereunto set my hand and caused the seal of the City of Farmington, Minnesota, to be affixed on this 1st day of July 2024. ___________________________________ Joshua Hoyt, Mayor Page 5 of 352 REGULAR COUNCIL AGENDA MEMO To: Mayor, Councilmembers and City Administrator From: Shirley Buecksler, City Clerk Department: Administration Subject: Gambling Event Permit Application for Church of St. Michael, September 28-29, 2024 Meeting: Regular Council - Jul 01 2024 INTRODUCTION: The Church of St. Michael has applied for a Gambling Event Permit for September 28-29, 2024. DISCUSSION: Per State Statute and City Code, gambling permit applications must first be approved by the City before the applicant may submit their application to the Gambling Control Board. The Church of St. Michael will be having bingo on Saturday, September 28th, from 4 - 8 pm and also on Sunday, September 29th, from 12 - 5 pm. A raffle drawing will be held on Sunday, September 29th, at 3 pm. ACTION REQUESTED: Adopt Resolution 2024-56 Concurring with the Issuance of a Minnesota Lawful Gambling Exempt Permit to Conduct Bingo and Raffle - Church of St. Michael, September 28-29, 2024. ATTACHMENTS: Res 2024-56 Gambling Event Permit, Church of St. Michael Sept 28-29, 2024 Application for Gambling Permit, Church of St. MIchael Page 6 of 352 CITY OF FARMINGTON DAKOTA COUNTY, MINNESOTA RESOLUTION 2024-56 A RESOLUTION CONCURRING WITH THE ISSUANCE OF A MINNESOTA LAWFUL GAMBLING EXEMPT PERMIT TO CONDUCT BINGO AND RAFFLE – CHURCH OF ST. MICHAEL, SEPTEMBER 28-29, 2024 WHEREAS, the Church of St. Michael has made application for a Lawful Gambling Exempt Permit to the Gambling Control Board to conduct gambling in the form of bingo and a raffle on September 28-29, 2024; and WHEREAS, the City of Farmington has no objections to the said activity. NOW, THEREFORE, BE IT RESOLVED that the Farmington Mayor and City Council hereby concur with the issuance of a Lawful Gambling Exempt Permit by the Gambling Control Board to the Church of St. Michael for an event on September 28-29, 2024 to be conducted at the Church of St. Michael, 22120 Denmark Avenue, Farmington, Minnesota. Adopted by the City Council of the City of Farmington, Minnesota, this 1st day of July 2024. ATTEST: ____________________________ ______________________________ Joshua Hoyt, Mayor Shirley R Buecksler, City Clerk Page 7 of 352 MI N N E S O T A LA W F U L GA M B L I N G 4/ 2 3 LG 2 2 0 Ap p l i c a t i o n fo r Ex e m p t Pe r m i t Pa g e 1 of 3 An ex e m p t pe r m i t ma y be is s u e d to a no n p r o f i t Ap p l i c a t i o n Fe e (n o n - r e f u n d a b l e ) or g a n i z a t i o n th a t : Ap p l i c a t i o n s ar e pr o c e s s e d in th e or d e r re c e i v e d . If th e ap p l i c a t i o n ' co n d t é c t i s la w f r u l ga m b l 5 r 5 % o n fi v e or d f e w e r da y s ] , ag d is po s t m a r k e d or re c e i v e d 30 da y s or mo r e be f o r e th e ev e n t , th e ' aw a r s es s t an $5 0 ' m pr i z e s ur i n g 3 ca en ar ap p l i c a t i o n fe e is $1 0 0 ; ot h e r w i s e th e fe e is $1 5 0 . ea r . y Du e to th e hi g h vo l u m e of ex e m p t ap p l i c a t i o n s , pa y m e n t of If to t a l ra f f l e ri z e va l u e fo r th e ca l e n d a r ye a r wi l l be , _ _ _ , $1 , 5 0 0 or le s s ) , co n t a c t th e Li c e n s i n g Sp e c i a l i s t as s i g n e d to ad d i t i o n a l fe e s pr i o r to 30 da y s be f o r e yo u r ev e n t Wi l l no t ex p e d i t e yo u r co u n t y by ca l l i n g 65 1 - 5 3 9 - 1 9 0 0 , se r v i c e , no r ar e te l e p h o n e re q u e s t s fo r ex p e d i t e d se r v i c e ac c e p t e d . OR G A N I Z A T I O N IN F O R M A T I O N Or g a n i z a t i o n _ Pr e v i o u s Ga m b l i n g Na m e : Ch u r c h of St . Mi c h a e l pe r m i t Nu m b e r : x- Mi n n e s o t a Ta x ID Fe d e r a l Em p l o y e r ID Nu m b e r , if an y : Nu m b e r (F E I N ) , if an y : 41 - 0 7 7 7 9 0 7 Ma i l i n g Ad d r e s s ; 22 1 2 0 De n m a r k Av e n u e Ci t y ; Fa r m i n g t o n St a t e ; MN Zi p ; 55 0 2 4 Co u n t y ; Da k o t a Na m e of Ch i e f Ex e c u t i v e Of f i c e r (C E O ) : RE V - Ni C h O I a S 3- Fr o e h l e CE O Da y t i m e ph o n e ; 65 1 - 4 6 3 - 3 3 6 0 CE O Em a i l : nf r o e h l e @ s t m i c h a e I - f a r m i n g t o n . o r g (p e r m i t wi l l be em a i l e d to th i s em a i l ad d r e s s un l e s s ot h e r w i s e in d i c a t e d be l o w ) Em a i l pe r m i t to (i f ot h e r th a n th e CE O ) : ma r k . w o o d 5 4 @ o u t l o o k . c o m NO N P R O F I T ST A T U S Ty p e of No n p r o f i t Or g a n i z a t i o n (c h e c k on e ) : II : Fr a t e r n a l Re l i g i o u s El Ve t e r a n s :1 Ot h e r No n p r o f i t Or g a n i z a t i o n I At t a c h a co p y of on e of th e fo l l o w i n g sh o w i n g pr o o f of no n p r o f i t st a t u s : I I(D O NO T at t a c h a sa l e s ta x ex e m p t st a t u s or fe d e r a l em p l o y e r ID nu m b e r , as th e y ar e no t pr o o f of no n p r o f i t st a t u s . ) A cu r r e n t ca l e n d a r ye a r Ce r t i ? c a t e of Go o d St a n d i n g Do n ' t ha v e a co p y ? Ob t a i n th i s ce r t i f i c a t e fr o m : MN Se c r e t a r y of St a t e , Bu s i n e s s Se r v i c e s Di v i s i o n Se c r e t a r y of St a t e we b s i t e , ph o n e nu m b e r s : 60 Em p i r e Dr i v e , Su i t e 10 0 ww w s g s s t a t e m m u s St . Pa u l , MN 55 1 0 3 ' 65 1 - 2 9 6 - 2 8 0 3 , or to l l fr e e 1— 8 7 7 - 5 5 1 - 6 7 6 7 IR S in c o m e ta x ex e m p t i o n (5 0 1 ( c ) ) le t t e r in yo u r or g a n i z a t i o n ' s na m e Do n ’ t ha v e a co p y ? To ob t a i n a co p y of yo u r fe d e r a l in c o m e ta x ex e m p t le t t e r , ha v e an or g a n i z a t i o n of f i c e r co n t a c t th e IR S to l l fr e e at 1- 8 7 7 - 8 2 9 - 5 5 0 0 . IR S - Af f i l i a t e of na t i o n a l , st a t e w i d e , or in t e r n a t i o n a l pa r e n t no n p r o ? t or g a n i z a t i o n (c h a r t e r ) If yo u r or g a n i z a t i o n fa l l s un d e r a pa r e n t or g a n i z a t i o n , at t a c h co p i e s of bo t h of th e fo l l o w i n g : 1. IR S le t t e r sh o w i n g yo u r pa r e n t or g a n i z a t i o n is a no n p r o ? t 50 1 ( c ) or g a n i z a t i o n wi t h a gr o u p ru l i n g ; an d 2. th e ch a r t e r or le t t e r fr o m yo u r pa r e n t or g a n i z a t i o n re c o g n i z i n g yo u r or g a n i z a t i o n as a su b o r d i n a t e . IG A M B L I N G PR E M I S E S IN F O R M A T I O N Na m e of pr e m i s e s wh e r e th e ga m b l i n g ev e n t wi l l be co n d u c t e d (f o r ra f f l e s , li s t th e si t e wh e r e th e dr a w i n g wi l l ta k e pl a c e ) : Ch U F C h Of St - Mi c h a e l Ph y s i c a l Ad d r e s s (d o no t us e PO . bo x ) : Ch e c k on e : .C i t y : Fa r m i n to n Zi p : 55 0 2 4 Co u n t y : Da k o t a [: I T o w n s h i p : Zi p : Co u n t y : Da t e ( s ) of ac t i v i t y (f o r ra f f l e s , in d i c a t e th e da t e of th e dr a w i n g ) : Ch e c k ea c h ty p e of ga m b l i n g ac t i v i t y th a t yo u r or g a n i z a t i o n wi l l co n d u c t : Bi n g o [: l Pa d d l e w h e e l s D Pu l l — T a b s |: | Ti p b o a r d s Ra f ? e Ga m b l i n g eq u i p m e n t fo r bi n g o pa p e r , bi n g o bo a r d s , ra f f l e bo a r d s , pa d d l e w h e e l s , pu l l — t a b s , an d ti p b o a r d s mu s t be ob t a i n e d fr o m a di s t r i b u t o r li c e n s e d by th e Mi n n e s o t a Ga m b l i n g Co n t r o l Bo a r d . EX C E P T I O N : Bi n g o ha r d ca r d s an d bi n g o ba l l se l e c t i o n de v i c e s ma y be bo r r o w e d fr o m an o t h e r or g a n i z a t i o n au t h o r i z e d to co n d u c t bi n g o . To fi n d a li c e n s e d di s t r i b u t o r , go to ww w . m n . g o v / g c b an d cl i c k on Di s t r i b u t o r s un d e r th e Li s t of Li c e n s e e s ta b , or ca l l 65 1 - 5 3 9 - 1 9 0 0 . Page 8 of 352 4/ 2 3 LG 2 2 0 Ap p l i c a t i o n fo r Ex e m p t Pe r m i t Pa g e 2 of 3 LO C A L UN I T OF GO V E R N M E N T AC K N O W L E D G M E N T (r e q u i r e d be f o r e su b m i t t i n g ap p l i c a t i o n to th e Mi n n e s o t a Ga m b l i n g Co n t r o l Bo a r d ) CI T Y AP P R O V A L fo r a ga m b l i n g pr e m i s e s lo c a t e d wi t h i n ci t y li m i t s mT h e ap p l i c a t i o n is ac k n o w l e d g e d wi t h no wa i t i n g pe r i o d . |: | T h e ap p l i c a t i o n is ac k n o w l e d g e d wi t h a 30 - d a y wa i t i n g pe r i o d , an d al l o w s th e Bo a r d to is s u e a pe r m i t af t e r 30 da y s (6 0 da y s fo r a ls t cl a s s ci t y ) . CO U N T Y AP P R O V A L fo r a ga m b l i n g pr e m i s e s lo c a t e d in a to w n s h i p CI Th e ap p l i c a t i o n is ac k n o w l e d g e d wi t h no wa i t i n g pe r i o d . |: | T h e ap p l i c a t i o n is ac k n o w l e d g e d wi t h a 30 - d a y wa i t i n g pe r i o d , an d al l o w s th e Bo a r d to is s u e a pe r m i t af t e r 30 da y s . DT h e ap p l i c a t i o n is de n i e d . Pr i n t Co u n t y Na m e : Th e ap p l i c a t i o n is de n i e d . Pr i n t Ci t y Na m e : (K W PW D ‘ W Si g n a re of g y Pe r s Ti t l e : OM Th e ci t y or co u n t y mu s t si g n be f o r e su b m i t t i n g ap p l i c a t i o n to th e Ga m b l i n g Co n t r o l Bo a r d . Si g n a t u r e of Co u n t y Pe r s o n n e l : Da t e : b - 2H 20 1 % Ti t l e : Da t e : TO W N S H I P (i f re q u i r e d by th e co u n t y ) On be h a l f of th e to w n s h i p , I ac k n o w l e d g e th a t th e or g a n i z a t i o n is ap p l y i n g fo r ex e m p t e d ga m b l i n g ac t i v i t y wi t h i n th e to w n s h i p li m i t s . (A to w n s h i p ha s no st a t u t o r y au t h o r i t y to ap p r o v e or de n y an ap p l i c a t i o n , pe r Mi n n . St a t u t e s , se c t i o n 34 9 . 2 1 3 . ) Pr i n t To w n s h i p Na m e : Si g n a t u r e of To w n s h i p Of f i c e r : Ti t l e : Da t e : CH I E F EX E C U T I V E OF F I C E R ' S SI G N A T U R E (r e q u i r e d ) Th e in f o r m a t i o n pr o v i d e d in th i s ap p l i c a t i o n is co m p l e t e an d ac c u r a t e to th e be s t of my kn o w l e d g e . I ac k n o w l e d g e th a t th e fi n a n c i a l re p o r t wi l l be co m p l e t e d an d re t u r n e d to th e Bo a r d wi t h i 3 da y s ft h e ev e . Da t e : 6 /¢ 20 2 Ch i e f Ex e c u t i v e Of ? c e r ' s Si g n a t u r e : C? ‘ (S i g n a t u r e mu s t be C ig n a t u r e ; de s i g n e e ma y no t si g n ) pr i n t Na m e : Re v . Ni c h o l a s J. Fr o e h l e RE Q U I R E M E N T S Co m p l e t e a se p a r a t e ap p l i c a t i o n fo r : 0 al l ga m b l i n g co n d u c t e d on tw o or mo r e co n s e c u t i v e da y s ; or c al l ga m b l i n g co n d u c t e d on on e da y . On l y on e ap p l i c a t i o n is re q u i r e d if on e or mo r e ra f f l e dr a w i n g s ar e co n d u c t e d on th e sa m e da y . MA I L AP P L I C A T I O N AN D AT T A C H M E N T S Ma i l ap p l i c a t i o n wi t h : a co p y of yo u r pr o o f of no n p r o f i t st a t u s ; an d ap p l i c a t i o n fe e (n o n - r e f u n d a b l e ) . If th e ap p l i c a t i o n is po s t m a r k e d or re c e i v e d 30 da y s or mo r e be f o r e th e ev e n t , th e ap p l i c a t i o n fe e is $1 0 0 ; ot h e r w i s e th e fe e is $1 5 0 . Ma k e ch e c k pa y a b l e to St a t e of Mi n n e s o t a . Fi n a n c i a l re p o r t to be co m p l e t e d wi t h i n 30 da y s af t e r th e ga m b l i n g ac t i v i t y is do n e : Bo a r d . To : Mi n n e s o t a Ga m b l i n g Co n t r o l Bo a r d Qu e s t i o n s ? Ca l l th e Li c e n s i n g Se c t i o n of th e Ga m b l i n g Co n t r o l Bo a r d at 65 1 - 5 3 9 — 1 9 0 0 . Yo u r or g a n i z a t i o n mu s t ke e p al l ex e m p t re c o r d s an d re p o r t s fo r 3- 1 / 2 ye a r s (M i n n . St a t u t e s , se c t i o n 34 9 . 1 6 6 , su b d . 2( f ) ) . Da t a pr i v a c y no t i c e : Th e in f o r m a t i o n re q u e s t e d ap p l i c a t i o n . Yo u r or g a n i z a t i o n ' s na m e an d me n t of Pu b l i c Sa f e t y ; At t o r n e y Ge n e r a l ; on th i s fo r m (a n d an y at t a c h m e n t s ) wi l l be us e d ad d r e s s wi l l be pu b l i c in f o r m a t i o n wh e n re c e i v e d Co m m i s s i o n e r s of Ad m i n i s t r a t i o n , Mi n n e s o t a by th e Ga m b l i n g Co n t r o l Bo a r d (B o a r d ) to by th e Bo a r d . Al l ot h e r in f o r m a t i o n pr o v i d e d wi l l Ma n a g e m e n t & Bu d g e t , an d Re v e n u e ; Le g i s l a t i v e de t e r m i n e yo u r or g a n i z a t i o n ’ s qu a l i f i c a t i o n s to be pr i v a t e da t a ab o u t yo u r or g a n i z a t i o n un t i l th e Au d i t o r , na t i o n a l an d in t e r n a t i o n a l ga m b l i n g be in v o l v e d in la w f u l ga m b l i n g ac t i v i t i e s in Bo a r d is s u e s th e pe r m i t . Wh e n th e Bo a r d is s u e s re g u l a t o r y ag e n c i e s ; an y o n e pu r s u a n t to co u r t Mi n n e s o t a . Yo u r or g a n i z a t i o n ha s th e ri g h t to th e pe r m i t , al l in f o r m a t i o n pr o v i d e d wi l l be c o m e or d e r ; ot h e r in d i v i d u a l s an d ag e n c i e s sp e c i ? c a l l y re f u s e to su p p l y th e in f o r m a t i o n ; ho w e v e r , if pu b l i c . If th e Bo a r d do e s no t is s u e a pe r m i t , al l au t h o r i z e d by st a t e or fe d e r a l la w to ha v e ac c e s s yo u r or g a n i z a t i o n re f u s e s to su p p l y th i s in f o r m a t i o n pr o v i d e d re m a i n s pr i v a t e , wi t h th e to th e in f o r m a t i o n ; in d i v i d u a l s an d ag e n c i e s fo r in f o r m a t i o n , th e Bo a r d ma y no t be ab l e to ex c e p t i o n of yo u r or g a n i z a t i o n ’ s na m e an d wh i c h la w or le g a l or d e r au t h o r i z e s a ne w us e or de t e r m i n e yo u r or g a n i z a t i o n ’ s qu a l i f i c a t i o n s an d , ad d r e s s wh i c h wi l l re m a i n pu b l i c . Pr i v a t e da t a sh a r i n g of in f o r m a t i o n af t e r th i s no t i c e wa s as a co n s e q u e n c e , ma y re f u s e to Is s u e a pe r m i t . ab o u t yo u r or g a n i z a t i o n ar e av a i l a b l e to Bo a r d gi v e n ; an d an y o n e wi t h yo u r wr i t t e n co n s e n t . If yo u r or g a n i z a t i o n su p p l i e s th e in f o r m a t i o n me m b e r s , Bo a r d st a f f wh o s e wo r k re q u i r e s re q u e s t e d , th e Bo a r d wi l l be ab l e to pr o c e s s th e ac c e s s to th e in f o r m a t i o n ; Mi n n e s o t a ’ s De p a r t - Th I s fo r m wi l l be ma d e av a i l a b l e in al t e r n a t i v e fo r m a t (i . e . la r g e pr i n t , br a i l l e ) up o n re q u e s t . An eq u a l op p o r t u n i t y em p l o y e r Page 9 of 352 REGULAR COUNCIL AGENDA MEMO To: Mayor, Councilmembers and City Administrator From: Shirley Buecksler, City Clerk Department: Administration Subject: Temporary On-Sale Liquor License Application for the Church of St. Michael, September 28-29, 2024 Meeting: Regular Council - Jul 01 2024 INTRODUCTION: The Church of St. Michael has submitted an application for a Temporary On-Sale Liquor License for an event to be held at the Church of St. Michael on September 28-29, 2024. DISCUSSION: Per Minnesota Statutes and the Alcohol & Gambling Enforcement Division (AGE), a Temporary On- Sale License must first be approved by the City and forwarded to AGE for approval no less than 30 days prior to the event date. The Church of St. Michael is requesting approval of a Temporary On-Sale Liquor License for an event to be held at the Church of St. Michael, 22120 Denmark Avenue, Farmington, September 28- 29, 2024. BUDGET IMPACT: The State of Minnesota waives all fees for Temporary Liquor Licenses for non-profit organizations; therefore, the City of Farmington has not established a fee for this type of license. ACTION REQUESTED: Approve the attached Temporary On-Sale Liquor License for an event to be held at the Church of St. Michael, 22120 Denmark Avenue, Farmington, September 28-29, 2024. ATTACHMENTS: Temp On-Sale Liquor, Church of St. Michael Sep 28-29, 2024 Application for Gambling Permit, Church of St. MIchael Page 10 of 352 Mi n n e s o t a De p a r t m e n t of Pu b l i c Sa f e t y Al c o h o l an d Ga m b l i n g En f o r c e m e n t Di v i s i o n ® 44 5 Mi n n e s o t a St r e e t , Su i t e 16 0 0 , St . 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If an ou t d o o r ar e a , de s c r i b e . ?a y SH 50 c m . HA L L If th e ap p l i c a n t wi l l co n t r a c t fo r in t o x i c a t i n g li q u o r se r v i c e gi v e th e na m e an d ad d r e s s of th e li q u o r li c e n s e th e se r v i c e . If th e ap p l i c a n t wi l l ca r r y li q u o r li a b i l i t y in s u r a n c e pl e a s e pr o v i d e th e ca r r i e r ' s na m e an d am o u n t of co v e r a g e. A P P R O V A L AP P L I C A T I O N MU S T BE AP P R O V E D BY CI T Y OR CO U NT Y BE FO RE SU B M I T T I NG TOAL C O H O L AN D GA M B L I N G EN F O R C E M E N T 0m m ? ng g i m rl o r z o z u Ci or Co u n t y ap p r o v i th e li c e n s e Da t e Ap p r o v e d N1 3 32 3 , 2 6 1 . zo Z b I Fe e Am o u n t Pe r m i t Da t e Ev e n t in co n j u n c t i o n wi t h a co m m u n i t y fe s t i v a l I: Ye s ’Z I S6 2 3 li C C K S L ? / QWI T H ] ME .go v Z3 (9 5 2. Ci t y orCo u n t y E- m a i l dd r e s s Cu r r e n t po p u l a t i o n of ci t y gi n Q Rm c z s l a r , (P M Cl e m . Pl e a s e I r E I r I — tv k l a m e of Ci t y Cl e r k or Co u n t y Of f i c i a l Si g n a t? ' CL E R K S NO T I C E : Su b m i t th i s fo r m to Al c o h o l aGa mb li n gnf o r c e en t Di v i s i o n 30da y s pr i o r toev e n t No Te m p Ap p l i c a t i o n s fa x e d or ma i l e d . On l y e m ai le d. ON E SU B M I S S I O N PE R EM A I L AP P L I C A T I O N PL E A S E PR O V I D E A VA L I D E- M A I L AD D RE S S FO RTH E CI T Y / CO U N T Y ASAL L TE M P O R A R Y PE R M I T AP P R O V A L S WI L L BE SE N T BA C K EM AI L . E- M A I L TH E AP P L I C A T I O N SI G N E D BY CI T Y / C O U N T Y TO AG E . TE M P O R A R Y A P P L I CA US . ru A Dr r - nn T m rn - Y or bu r n wSA W ? V 0 3 Page 11 of 352 Ty p e of bu s i n e s s . El 01 Ac c o m m o d a t i o n an d fo o d se r v i c e s 02 Ag r i c u l t u r a l , fo r e s t r y , ?s h i n g , hu n t i n g 03 Co n s t r u c t i o n Fi n a n c e an d in s u r a n c e In f o r m a t i o n , pu b l i s h i n g an d co m m u n i c a t i o n s Ma n u f a c t u r i n g 07 Mi n i n g 08 Re a l es t a t e 09 Re n t a l a n d le a s i n g 11 Tr a n s p o r t a t i o n an d w ar e h o u si n g 12 Ut i l i t i e s 13 Wh o l e s a l e tr a d e 14 Bu s i n e s s se r v i c e s 15 Pr o f e s s i o n a l se r v i c e s 16 Ed u c a t i o n an d he a l t h ca r e se r v i c es 17 No n p r o ? t or g a n i z a t i o n , 18 Go v e r n m e n t 19 No t a bu s i n e s s (ex p l a i n) XI I I - D E E Ty p e of bu s i n e s s DE L L L I E I D D D 10 Re t a i l tr a d e El 20 Ot h e r (e x p l a i n ) Re a s o n fo r ex e m p t i o n . 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'E E Ch a r i t a b l e or g a n i z a t i o n # EN Di r e c t ma r l § F Ed u c a t i o n a l or g a n i z a t i o n # I: 0 Ot h e r (e n t e r nu m b e r fr o m b a c kpa g e ) ,2 G Re l i g i o u s or g a n i z a t i o n # E8 2 4 1 3 3 P Pe r c e n t a g e ex e m p t i o n H Re s a l e D Ad v e r t i s i n g (e n t e r pe r c e n ta g e ) I Ca p i t a l Eq u i p m e n t D Ut i l i t i e s (e n t e r pe r c e n t a g e ) D El e c t r i c i t y (e n t e r pe r c e n t a g e) I de c l a r e th a t th e in f o r m a t i o n on th i s ce r t i ? c a t e is co r r e c t an d co m p l e t e to th e be s t of my kn o w l e d g e be l i e f.(P E N A L T Y : ifyo u tr y 2 to ev a d e pa y i n g sa l e s ta x by us i n g an ex e m p t i o n ce r t i ? c a t e fo r it e m s or se r v i c e s th a t wi l l be us e d fo r ot h e r th a n th o s e be i n g .2 cl a i m e d yo u ma y be . e- $1 0 0 un d e r Mi n n e s o t a la w fo r ea c h tr a n s a c t i o n fo r wh i c h th e ce r t i ? c a t e i u s e d .) 5 Si g n a l e‘ au 0 'z - J ' n ' . a -r Pr i n t na m e he r e Ti t l e Da t e ‘0 [’ 1 “a , Ca r o l Se v e r s o n Di r e c t o r of "g‘oz .1 (. v Re v . 8/ 1 5 Fo r m s an d fa c t sh e e t s ar e av a i l a b l e on ou r we bs i te atww w . re v e n u e . st a t e . m n .u s MI N N E S O T A - RE V E N U E 31 3 Ce r t i f i c a t e of Ex e m p t i o n Pu r c h a s e r : Co m p l e t e th i s ce r t i ? c a t e an d gi v e It to th e se l l e r . Se l l e r : If th i s ce r t i ? c a t e is no t fu l l y co m p l e t e d , yo u mu s t ch a r g e sa l e s ta x . th i s ce r t i ? c a t e aspa r t ofyo u r re c o r d s . Th i s is a bl a n k e t ce r t i ? c a t e , un l e s s on e of th e bo x e s be l o w is ch e c k e d , an d info r c e as lo n g as th e pu r c h a s e r co n t i n u e s ma k i n g pu r c h a s e s , or un t i l ot h e r w i s e ca n c e l l e d by th e pu r c h a s e r . [X ] Ch e c k if th i s ce r t i ? c a t e is fo r a si n g l e pu r c h a s e an d en t e r th e re l a t e d or d e r # [: 1 If yo u ar e a co n t r a c t o r an d ha v e a pu r c h a s i n g ag e n t ag r e e m e n t wi t h ex e m ptor g a n i z a t i o n. ch e c k th e bo x toma k e mu l t i p l e pu r c h a s e s fo r a sp e c i ? c j o b . En t e r th e ex e m p t en t i t y na m e an d sp e c i ? c pr oj ec t: Ex e m p t en t i t y na m e —— Pr oj ec t de s c r ip t i o n Na m e of pu r c h a s e r Ch u r c h of St . Mi c h a e l Bu s i n e s s ad d r e s s Ci t y St a t e Zi p co d e 22 1 2 0 De n m a r k Av e n u e Fa r m i ng t o n MN 55 0 2 4 E Pu r c h a s e r ' s ta x ID nu m b e r St a t e of is s u e I-3 77 5 0 6 4 0 Mi n n e so t a 3 If no ta x ID nu m b e r . ' FE l N ' Dr i v e r ' s li c e n s e nu m b er / St a t e is s u e d IDnu m b e r 2 en t e r on e 0f th e fo l l o w i n g : :41 - 0 7 7 7 9 0 7 st a t e of is s u e nu m b e r Na m e of se l l e r fr o m wh o m yo u ar e pu r c h a s i n g le a s i n g or re n t i n g Se l l e r ' s ad d r e s s Ci t y St a t e Zi p co d e $3 9 Page 12 of 352 Page 13 of 352 Page 14 of 352 REGULAR COUNCIL AGENDA MEMO To: Mayor, Councilmembers and City Administrator From: Shirley Buecksler, City Clerk Department: Administration Subject: Minutes of the June 17, 2024 Regular City Council Meeting Meeting: Regular Council - Jul 01 2024 INTRODUCTION: For Council review are the minutes of the June 17, 2024 Regular City Council meeting. ACTION REQUESTED: Approve the minutes of the Regular City Council meeting dated June 17, 2024 ATTACHMENTS: 06.17.24 Council Minutes Page 15 of 352 Regular City Council Meeting Minutes of June 17, 2024 Page 1 of 8 City of Farmington Regular Council Meeting Minutes Monday, June 17, 2024 The City Council met in regular session on Monday, June 17, 2024, at Farmington City Hall, 430 3rd Street, Farmington, Minnesota. 1. CALL TO ORDER Mayor Hoyt called the meeting to order at 7:00 p.m. 2. PLEDGE OF ALLEGIANCE Mayor Hoyt led everyone in the Pledge of Allegiance. 3. ROLL CALL Members Present: Mayor Joshua Hoyt Councilmembers Holly Bernatz, Katie Bernhjelm, Nick Lien, and Steve Wilson Members Absent: None Staff Present: Lynn Gorski, City Administrator Julie Flaten, Asst City Administrator/HR Director Leah Koch, City Attorney Deanna Kuennen, Community & Economic Development Director Tony Wippler, Planning Manager Kim Sommerland, Finance Director Matt Price, Fire Chief Kellee Omlid, Parks & Recreation Director Gary Rutherford, Police Chief John Powell, Public Works Director Kari Kubicek, Regional Funding Manager Shirley Buecksler, City Clerk 4. APPROVE AGENDA Administrator Gorski requested to: • Add Item 7.12, Donation of $15,000 from the Farmington Fire Relief Association to the City of Farmington Motion was made by Councilmember Wilson and seconded by Councilmember Bernhjelm to add Item 7.12 and approve the agenda, as amended. Motion carried: 5 ayes / 0 nays Page 16 of 352 Regular City Council Meeting Minutes of June 17, 2024 Page 2 of 8 5. ANNOUNCEMENTS / COMMENDATIONS 5.1 Introduction of Regional Funding Manager Kari Kubicek Administrator Gorski introduced Kari Kubicek, Reg ional Funding Manager with Southeast Services Cooperative, who shared information about her position. Council welcomed Kari to the City of Farmington. 6. CITIZENS COMMENTS / RESPONSES TO COMMENTS • Nathan Ryan, 22390 Cambrian Way, addressed the Council regarding potential rezoning of the golf course and school district properties and expressed that he is not in favor of it. • Jeff Schottler, 22420 Calico Court, addressed the Council regarding the same topic and expressed that he is not in favor. 7. CONSENT AGENDA 7.1 Gambling Event Permit Application for Farmington Rotary Club 7.2 Minutes of the City Council Work Session dated June 3, 2024 7.3 Minutes of the Regular City Council Meeting dated June 3, 2024 7.4 Minutes of the Joint Planning Commission and City Council Work Session dated June 4, 2024 7.5 Payment of Claims 7.6 Community Service Officer Job Description and Compensation Classification 7.7 Staff Changes and Recommendations, including the appointment of: • Torri Wolf as Senior Administrative Support Technician • Sue Bastian as a Temporary Elections Assistant 7.8 Donation of Flowers for Downtown from the Farmington Rotary; Resolution 2024-52 7.9 Professional Services Agreements with Advanced Engineering and Environmental Services (AE2S) for the Farmington East and Farmington West Serviceability Analysis 7.10 Professional Services Agreement with Alliant Engineering, Inc. for the Dushane Parkway/Spruce Street Intersection Final Design 7.11 Purchase of a Dump Truck Cab and Chassis 7.12 Donation of $15,000 from the Farmington Fire Relief Association to the City of Farmington Motion was made by Councilmember Bernhjelm and seconded by Councilmember Lien to approve the Consent Agenda, as presented. Motion carried: 5 ayes / 0 nays 8. PUBLIC HEARINGS 9. AWARD OF CONTRACT Page 17 of 352 Regular City Council Meeting Minutes of June 17, 2024 Page 3 of 8 10. PETITIONS, REQUESTS AND COMMUNICATIONS 10.1 Petition to Rezone Properties from MUCI (Mixed Use Commercial / Industrial to I (Industrial); the Subject Properties are Generally Located at the Southeast Intersection of Pilot Knob Road and 208th Street West The applicant, R&L Carriers, submitted a petition for the rezoning of two parcels of land. The subject parcels are: 1. PID# 14 -25852-00-010 (Outlot A Farmington Industrial Park 3rd Addition) 2. PID# 14 -25852-00-020 (Outlot B Farmington Industrial Park 3rd Addition). Motion was made by Councilmember Bernatz and seconded by Councilmember Lien to pass Ordinance 2024-07 Amending Title 10 of the Farmington City Code, the Farmington Zoning Ordinance, Rezoning the Parcels with P ID Numbers 14- 25852-00-010 and 14-25852-00-020 from MUCI (Mixed Use Commercial / Industrial) to I (Industrial). Motion carried: 5 ayes / 0 nays 10.2 Vermillion Commons 4th Addition Preliminary Plat and Planned Unit Development The developer proposes 68 single-family lots and 66 townhome lots on 20.3 net acres (26 acres gross) of land with a net density of 6.6 units per acre. The single-family lots are located on the north and west side of the development and the townhomes units are located at the southeast side of the development. Stormwater ponding will be located on the west side of the development, adjacent to the Dakota County Conservation Area. The minimum lot area proposed for the single-family lots is 4,800 square feet with an overall average lot size of 6,198 square feet in the development. The minimum lot width and depth of the single - family lots will be 40 feet and 120 feet, respectively. Motion was made by Councilmember Bernatz and seconded by Councilmember Bernhjelm to adopt Resolution 2024-53 Approving Preliminary Plat and Planned Unit Development Vermillion Commons 4th Addition. Motion carried: 5 ayes / 0 nays 11. UNFINISHED BUSINESS 12. NEW BUSINESS 12.1 Resolution 2024-51 Adopting a Final Order and Record of Decision for an Alternative Urban Areawide Review (AUAR) for the Farmington West Industrial Project Minnesota Rules 4410 authorize the Responsible Unit of Government (RGU) to use the Alternative Urban Areawide Review (AUAR) process to review the potential environmental impacts associated with anticipated development projects Page 18 of 352 Regular City Council Meeting Minutes of June 17, 2024 Page 4 of 8 in geographically defined areas. The process and requirements for the AUAR are specifically identified, including timelines associated with the various steps. Farmington West Industrial encompasses 329 acres located northwest of the intersection of County Road 50 and Pilot Knob Road. In April, an AUAR Scoping Document was published in the Minnesota Environmental Quality Board (EQB) Monitor for this site/project. The 30- day comment period expired, comments were received by five (5) agencies, and the next step associated with the Farmington West Industrial AUAR is for the RGU to determine that the AUAR is the appropriate environmental review document and order that an AUAR be prepared. An AUAR is a planning tool to understand how different development scenarios will affect the environment before the development occurs. Minnesota Rule 4410 specifically identifies when a review is required, who manages the process, what topics are covered in the review, and what happens following adoption of an AUAR. An AUAR is being developed for an area encompassing approximately 329 acres, including six (6) parcels, located northwest of the intersection of County Road 50 and Pilot Knob Road in Farmington. The area is being studied to understand the potential impacts associated with developing the existing farmland into a technology park or industrial uses and to identify mitigation measures to compensate for those impacts. An AUAR Scoping Document was prepared for this site for the two development scenarios, was reviewed and distributed to required state and federal agencies, and a notice of availability of the AUAR Scoping Document was published in the EQB Monitor for the required 30-day comment period which ended on May 16, 2024. During this time comments were received by five (5) agencies - which were included in the document in the Council’s packet. The purpose of the comment period is for agencies to suggest additional development scenarios and relevant issues to be analyzed in the review. The next step is for the RGU to make a finding on the adequacy of the Scoping Document and adopt the Final Order. These actions will determine that the AUAR is the appropriate environmental review and order that the AUAR and mitigation plan be prepared as identified. Once the RGU adopts the order to prepare the AUAR, the next steps include: 1. The AUAR is developed. 2. RGU reviews and distributes Draft AUAR and Mitigation Plan for public and agency review for the mandatory 30-day review period. 3. RGU revises Draft AUAR and Mitigation Plan based on comments from public and agencies. 4. RGI distributes Final AUAR and Mitigation Plan to agencies and Met- Council for final 10-day review period. 5. If no objections, RGU Adopts Final AUAR and Mitigation Plan. 6. RGU updates the AUAR every 5-years until development build-out is complete. Page 19 of 352 Regular City Council Meeting Minutes of June 17, 2024 Page 5 of 8 Motion was made by Councilmember Bernhjelm and seconded by Councilmember Lien to adopt Resolution 2024-51 Adopting Final Order for Alternative Urban Areawide Review (AUAR) for West Industrial Project. Motion carried: 5 ayes / 0 nays 13. CITY COUNCIL ROUNDTABLE Attorney Koch: Welcome to Kari. Also Happy Father’s Day to all the dads out there. Councilmember Lien: Please be safe this week with all the activities. Councilmember Bernatz: It’s Dew Days week. Events start tomorrow. Visit FarmingtonDewDaysMN.com is where you can find all the information. Rain or shine, most everything will be happening. This is something that a volunteer committee , made up of a whole bunch of residents who care very deeply for the Farmington community, has worked tirelessly on for about the last nine months to bring you a great festival. Please come out, even if it’s just for a couple of hours, the whole week, or the entire weekend. It will be a great time. Councilmember Bernhjelm: Having been back for the last couple weeks, I’m reminded of how amazing the Staff here is at City Hall and how helpful you all have been re-onboarding me with everything that’s going on. I am continuously impressed by all of your hard work and the dedication you put into prepping for every one of these meetings. I appreciate all of you – keep it up. Councilmember Wilson: Happy Harry’s has a program where they allow customers to point out that they want ten percent of the profits donated back to the Rambling River Center. My Mom desperately needed a lift chair for her residence, so we purchased a chair at Happy Harry’s and was happy to donate to the program, the chair got delivered beautifully, and the old chair was hauled out. I ’m really appreciative of businesses like this in our community that support the senior center and support so many other great things that we have going on. Thank you. Clerk Buecksler: It’s time to start talking about absentee voting again. For the State Primary in August, absentee voting starts a week from Friday, on June 28 th. Any residents living within the Farmington city limits can vote by absentee at Farmington City Hall, or any Dakota County office, or if they wish to apply online, they can go to mnvotes.org. Residents who have a Farmington address but live in Lakeville vote in Lakeville. Residents who live in a township vote at either the township or the County office, depending on where that voting is done. Residents can find their polling location by visiting mnvotes.org. Page 20 of 352 Regular City Council Meeting Minutes of June 17, 2024 Page 6 of 8 Director Kuennen: A reminder that on July 16th at 8 am here at City Hall, we will be hosting our first Small Business Resource Fair. Invitations will be going out to the list of small businesses that we have, but definitely spread the word. The purpose behind this resource fair is to make sure our existing small businesses understand the variety of resources and agencies that are available to help them with their own business growth or development goals. Having that information in one place at one time in a no pressure setting is our hope that people find value in it and walk away with some ideas or some contact information for people who can help them achieve whatever it is they’re looking to do. Director Powell: McKenna Rodine started as our Water Resources Specialist a week ago today and hit the ground running. Given her background with the MPCA and storm water permits, she is deep into reviewing every aspect of our draft MS4 permit, and we are really happy to have her on board. Director Omlid: Unfortunately, there will be no Open Door food pop-up at the Rambling River Center tomorrow due to the predicted forecast of rain, so it has been cancelled, but they will be here in July. Dew Days is this weekend. Parks and Recreation does a number of programs, starting with the Dew Run on Saturday morning. You can still register online today or in person on Saturday. First race starts at 8 am. The bike auction is Saturday under the big tent. Viewing at 11 am, live bidding with an auctioneer starts at 11:30 am. Police Chief Rutherford is a Kiss the Pig contest candidate. Still time to vote with your bills, dollars, or credit card. He’s one of five candidates, so we’d love to see him kiss Betty on Saturday at 4 pm under the big tent. Please come out and support Parks and Recreation programs and all the other awesome events this weekend. Director Sommerland: I am happy to report that we are finalizing the audit of our 2023 financials. So MMKR should be here at the next meeting to present that information to Council. And we are beginning our internal budget discussions starting tomorrow. Chief Price: We took ownership of our tender. We have done a week’s worth of training and we’re waiting for some major equipment to actually put it in service before our old tender goes down the road. Page 21 of 352 Regular City Council Meeting Minutes of June 17, 2024 Page 7 of 8 Chief Rutherford: To echo a couple of comments, Dew Days is this weekend. Depending on the weather, there will be hundreds, if not thousands, of pedestrians walking around downtown at all hours of the day and night, so please be careful as you’re driving around in the general area. There will be a lot more pedestrians than we’re used to seeing. Drink responsibly and have a plan to get home safely. I do not have a great, huge burning desire to kiss a pig, but whether you vote for me or any of the other four candidates, it all goes to a fantastic cause, the Rambling River Center. Vote early and vote often. Mayor Hoyt: Dew Days – it’s a big week and there are a lot of events. The medallion hunt started already, Thursday night is technically the big kickoff for events downtown, but there’s a lot of stuff scheduled between Thursday, Friday, Saturday, and culminating with the parade on Sunday. For me personally, the one event I think often gets missed, and it’s a great opportunity, is the Ambassador Coronation. The Ambassador Coronation is tomorrow night at Homestead Community Church and starts at 6:30 pm. These are young women every year that raise their hand to go out as ambassadors for the greater Farmington community. They go to dozens of parades and about 50 events, they work in this position all year long from their coronation all the way through the end of their season. The amount of time that they spend – it’s another sport or another activity and is all about spreading awareness and the good aspects of the Farmington area. I know this event gets missed because every year it could be three times the amount of attendance. It’s great to see parents and supporters of these young women doing this, but it would be great to see the Farmington community show up for them because they are showing up for us week in and week out for several months out of the year. If you don’t have plans tomorrow night, go to Homestead Community Church, it starts at 6:30 pm, and is the best 60-75 minutes you’ll have because there is so much pride in these women and what they do. Again, they are ambassadors , for a reason they’re not called princesses, so if you do anything, please attend that event. To the Chief’s point of safety, there is a lot of stuff going on downtown. Please be responsible, not only for property but for other people. We’ve had some pretty decent years, so let’s continue that and be the respectful people that I know we can be. Support your businesses when you’re downtown, do all the things, have fun, but be responsible. There’s something for everyone, and if you find there’s not something for you, then feel free to raise your hand and step forward to the committee for next year because I know that they are not turning volunteers away. There’s always a need to add more people to help make all these amazing opportunities and events happen. Page 22 of 352 Regular City Council Meeting Minutes of June 17, 2024 Page 8 of 8 14. ADJOURNMENT Motion was made by Councilmember Wilson and seconded by Councilmember Bernatz to adjourn the meeting at 8:00 pm. Motion carried: 5 ayes / 0 nays Respectfully submitted, Shirley R Buecksler City Clerk Page 23 of 352 REGULAR COUNCIL AGENDA MEMO To: Mayor, Councilmembers and City Administrator From: Shirley Buecksler, City Clerk Department: Administration Subject: Minutes of the June 17, 2024 Special Work Session Meeting: Regular Council - Jul 01 2024 INTRODUCTION: For Council review are the minutes of the June 17, 2024 Special Work Session. ACTION REQUESTED: Approve the minutes of the Special Work Session dated June 17, 2024. ATTACHMENTS: 06.17.24 Work Session Minutes Page 24 of 352 Special Work Session Minutes of June 17, 2024 Page 1 of 2 City of Farmington City Council Special Work Session Minutes Monday, June 17, 2024 The City Council met in a Special Work Session on Monday, June 17, 2024, at Farmington City Hall, 430 3rd Street, Farmington, Minnesota. 1. CALL TO ORDER Mayor Hoyt called the Work Session to order at 5 pm. Members Present: Mayor Joshua Hoyt Councilmembers Holly Bernatz, Katie Bernhjelm, Nick Lien, and Steve Wilson Members Absent: None Staff Present: Lynn Gorski, City Administrator Julie Flaten, Asst City Administrator/HR Director Deanna Kuennen, Community & Economic Development Director Tony Wippler, Planning Manager Kellee Omlid, Parks & Recreation Director John Powell, Public Works Director Kari Kubicek, Regional Funding Manager Shirley Buecksler, City Clerk Also Present: Planning Commissioners: Chair Dirk Rotty, Commissioners LeeAnn Lehto and Krista Tesky Rita Trapp, Vice President, HKGi Jake Cordes, Resident 2. APPROVE AGENDA The agenda was approved, as presented. 3. DISCUSSION ITEMS 3.1 Draft Updated Land Use Plan – 2040 Comprehensive Plan Update Planning Manager Wippler presented. Council held a Joint Work Session with the Planning Commission on March 4, 2024 to discuss the status of the 2040 Comprehensive Plan Amendment, including the land use maps. At that work session, it was made clear that additional land should be designated and guided for commercial and industrial uses. Staff and HKGi have worked to update the land use maps . A couple areas to note that have been changed since the March work session are: Page 25 of 352 Special Work Session Minutes of June 17, 2024 Page 2 of 2 • The northwest area of the city off of Flagstaff Avenue - additional land guidance was provided in this area for Mixed-Use Commercial/Industrial, Low Medium Density Residential, Medium Density Residential, High Density Residential and Commercial. • The downtown area was expanded to the east and south. • Additional commercial provided in the Fairhill development north of 190th Street West. The land use maps will ultimately be used to update the various infrastructure system plans. Council and the Planning Commission asked questions and received answers. 4. COUNCIL COMMITTEE UPDATE Councilmember Bernhjelm sat in on the Airlake Airport Advisory Commission meeting and suggested Farmington join these meetings when discussion is applicable to Farmington. Councilmember Wilson said Joshua Threet, President of the Farmington Fire Relief Association, is doing a great job. 5. CITY ADMINISTRATOR UPDATE Administrator Gorski met with ISD 192 Superintendent Jason Berg and Farmington School Board Chair Hannah Simmons, and they would like to schedule a joint meeting with the City Council. Gorski sent an email to Council today with some possible dates for this meeting. The Office of Cannabis Management is moving forward with licensing by the e nd of July. Staff is recommending approval of a moratorium to prohibit license approval to sell cannabis until January 1, 2025. The moratorium will provide time to develop policies and zoning regulations prior to approval. The moratorium will be on the July 1, 2024 Council meeting to provide public comment and approval by City Council. 6. ADJOURNMENT Motion was made by Councilmember Lien and seconded by Councilmember Bernatz to adjourn the meeting at 6:24 p.m. Motion carried: 5 ayes / 0 nays Respectfully submitted, Shirley R Buecksler City Clerk Page 26 of 352 REGULAR COUNCIL AGENDA MEMO To: Mayor, Councilmembers and City Administrator From: Shirley Buecksler, City Clerk Department: Administration Subject: Resolution Approving a Second Amendment to the Appointments to Council Committees for the Remainder of Calendar Year 2024 Meeting: Regular Council - Jul 01 2024 INTRODUCTION: Second amendment to Council committee appointments through December 31, 2024. DISCUSSION: Councilmember Katie Bernhjelm was appointed on June 3, 2024 to fill the seat vacated by Katie Porter. At their July 1st Work Session, Council discussed a second amendment to the 2024 Council committee appointments and directed Staff to bring forward a resolution for adoption at tonight's Regular City Council Meeting. In the Council's packet is a draft resolution, with appointments to be completed with direction following the work session. ACTION REQUESTED: Adopt Resolution 2024-57 Approving a Second Amendment to Appointments to Council Committees for Remainder of 2024. ATTACHMENTS: 2024-57 Approving a Second Amendment to the Appointments to Council Committees for Remainder of 2024 Page 27 of 352 CITY OF FARMINGTON DAKOTA COUNTY, MINNESOTA RESOLUTION 2024-57 A RESOLUTION APPROVING A SECOND AMENDMENT TO THE APPOINTMENTS TO COUNCIL COMMITTEES FOR THE REMAINDER OF CALENDAR YEAR 2024 WHEREAS, the City Council adopted Resolution 2024-05 Approving Appointments to Council Committees for 2024 at their Special Council Organizational Meeting on January 2, 2024; and WHEREAS, with the resignation of Katie Porter on May 6, 2024, Council adopted Resolution 2024-39 Approving an Amendment to Council Committees for the Remainder of 2024; and WHEREAS, Katie Bernhjelm was appointed as Councilmember on June 3, 2024 to fill the seat vacated by Katie Porter; and WHEREAS, appointments to public agencies are hereby amended as follows: PUBLIC AGENCY MEMBER(S) APPOINTED Airlake Airport Advisory Commission Holly Bernatz – Primary ____________ - Alternate ALF Ambulance (Apple Valley/Lakeville/ Farmington) Steve Wilson – Primary Nick Lien – Alternate Dakota 911 Board of Directors Nick Lien – Primary Steve Wilson - Alternate EFPAC Empire/Farmington Planning Advisory Committee Joshua Hoyt – Primary ____________ - Alternate Eureka/Farmington Planning Advisory Committee Holly Bernatz - Primary Joshua Hoyt – Alternate Farmington/Castle Rock Discussion Group Joshua Hoyt – Primary Steve Wilson – Alternate Fire Relief Board Steve Wilson Nick Lien Liquor Operations Committee Holly Bernatz ____________ Page 28 of 352 Resolution 2024-57 Page 2 of 2 PUBLIC AGENCY MEMBER(S) APPOINTED MUSA Review Committee (Metropolitan Urban Service Area) Holly Bernatz Nick Lien NOW, THEREFORE, BE IT RESOLVED that the Farmington City Council approves the amended appointments to public agencies as outlined herein effective July 1, 2024 through December 31, 2024. Adopted by the City Council of the City of Farmington, Minnesota, this 1st day of July 2024. ATTEST: ____________________________ ______________________________ Joshua Hoyt, Mayor Shirley R Buecksler, City Clerk Page 29 of 352 REGULAR COUNCIL AGENDA MEMO To: Mayor, Councilmembers and City Administrator From: Deanna Kuennen, Community Dev Director Department: Community Development Subject: Resolution 2024-59 Amending Resolution 2024-43 Approving and Authorizing Execution of an Abatement Agreement with Apartments Farmington, LLC Meeting: Regular Council - Jul 01 2024 INTRODUCTION: On May 20, 2024, a public hearing was held regarding tax abatement to support the construction of a 168-unit multi-family residential project located on Lot 2, Block 1, Vermillion River Crossing 3rd Addition. At the conclusion of the public hearing, the City Council approved the tax abatement proposal to support the development of additional housing in the city and authorized the execution of the Abatement Agreement (Resolution 2024-43). Since then, additional negotiations have transpired between the City and the Developer - which did not change the essential form of the agreement but did include the correct legal description of the property and shift the abatement timeline. The City Council is asked to approve and execute the Abatement Agreement now in its final form. DISCUSSION: Staff has been working with the Yellow Tree Development Team since last year regarding the development of a market-rate multi-family development in Farmington. After multiple work sessions and the City Council's request to redesign the adjacent road network (to eliminate the "square- about"), the developer finalized their plans, completed the Planning & Zoning entitlement process, and submitted a business subsidy request to support the development of a 168-unit market-rate, $42 million multi-family housing development. A public hearing was held on May 20, 2024 - and the City Council approved a tax abatement package to support the development (Resolution 2024-43). Since then, additional negotiations have transpired between the City and the Developer. These negotiations did not change the essential form of the tax abatement agreement, but instead corrected the legal description of the property and shifted the abatement timeline. The final tax abatement agreement is attached. BUDGET IMPACT: Not applicable ACTION REQUESTED: Approve Resolution 2024-59, Amending Resolution 24-43 Approving Tax Abatement and Authorizing the Execution of the Abatement Agreement. ATTACHMENTS: Page 30 of 352 Resolution 2024-59 Amending Resolution 2024-43 (with Exhibit A - Abatement Agreement) Page 31 of 352 CITY OF FARMINGTON DAKOTA COUNTY, MINNESOTA RESOLUTION 2024-59 A RESOLUTION AMENDING RESOLUTION 2024-43 WHEREAS, Apartments Farmington, LLC (the “Developer”) desires to purchase certain real property identified as Lot 2, Block 1, Vermillion River Crossing 3rd Addition, Dakota County, Minnesota (the “Property”) on which the Developer will re-plat and construct a 168-unit multi-family residential building located on the Property (the “Project”); and WHEREAS, the City of Farmington (the “City”), pursuant to Minnesota Statutes Sections 469.1812 to 469.1815, as amended (“Abatement Act”), is authorized to grant an abatement of the property taxes imposed by the City on parcels of property located within the city, if certain conditions are met, through the adoption of a resolution, specifying the terms of the abatement; and WHEREAS, to support the development of additional housing in the city, the Developer has requested a tax abatement agreement (“Abatement Agreement”) for the Project; and WHEREAS, the City is proposing to abate the property taxes imposed by the City with respect to the Property; and WHEREAS, a public hearing on the abatement was held on Monday, May 20, 2024 and the notice for the public hearing was published at least once more than ten days but less than 30 days before the hearing; and WHEREAS, the City adopted Resolution 2024-43 on May 20, 2024 to approve and authorize the execution of the Abatement Agreement; and WHEREAS, the City and the Developer engaged in additional negotiation regarding the Abatement Agreement which did not change the essential form of the agreement, but did include the correct legal description for the Property, among other changes to shift the abatement’s timeline; and WHEREAS, the final Abatement Agreement is attached as Exhibit A. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Farmington that: 1. The City Council expects that the benefits the City gains from the abatement will either match or exceed the costs it incurs. 2. The City Council finds that the use of tax abatement for the Project is in the public interest as it will increase the tax base. Page 32 of 352 Resolution 2024-59 Page 2 of 2 3. The City Council hereby approves the Abatement Agreement in substantially the form submitted, and the Mayor and City Clerk are hereby authorized and directed to execute the Abatement Agreement on behalf of the Council. 4. The approval hereby given to the Abatement Agreement includes approval of such additional documents therein as may be necessary and appropriate to effectuate the Agreement. Adopted by the City Council of the City of Farmington, Minnesota, this 1st day of July 2024. ATTEST: ____________________________ ______________________________ Joshua Hoyt, Mayor Shirley R Buecksler, City Clerk Page 33 of 352 Resolution 2024-59 Page 2 of 2 EXHIBIT A Page 34 of 352 Resolution 2024-59 Page 2 of 2 TAX ABATEMENT AGREEMENT THIS AGREEMENT, made on or as of the ______ day of ______, 2024 (“Effective Date”), by and between the CITY OF FARMINGTON, a Minnesota municipal corporation (the "City") and APARTMENTS FARMINGTON, LLC, a Minnesota limited liability company (the “Developer”) or its assigns. WITNESSETH: WHEREAS, Developer has entered into a purchase agreement for acquisition of real property located in the City of Farmington, legally described in Exhibit A (the “Property”); WHEREAS, the Developer proposes to construct a 168 unit market-rate rental apartment building on the Property (the “Project”); WHEREAS, Developer has indicated that construction of the Project would not occur on the Property but for tax abatement assistance from the City; WHEREAS, pursuant to Minnesota Statutes, Sections 469.1812 to 469.1815, as amended (“Tax Abatement Act”), the City may grant an abatement of the taxes imposed by such governmental units on parcels of property, subject to certain conditions set forth in such Act; WHEREAS, because financial assistance for housing is not a business subsidy, the tax abatement for the Project provided by the City does not constitute a business subsidy. Minnesota Statutes, Sections 116J.993 subd. 3(7); WHEREAS, the City held a public hearing on the tax abatement following more than 10 days’ but less than 30 days’ published notice; WHEREAS, the City believes that the development and construction of the Project, and fulfillment of this Agreement are vital and are in the best interests of the City and will result in preservation and enhancement of the tax base, provide housing opportunities and are in accordance with the public purpose and provisions of the applicable state and local laws and requirements under which the Project has been undertaken and is being assisted; WHEREAS, the City desires to pledge tax abatement to encourage development of the Project; WHEREAS, the Project is not located within a tax increment financing district; and WHEREAS, the City believes that the Project and fulfillment generally of this Agreement is in the best interest of the City and the health, safety, morals and welfare of the residents of the City and the benefits of such abatement will equal or exceed its costs, and applicable state and local laws and requirements. Page 35 of 352 Resolution 2024-59 Page 2 of 2 NOW, THEREFORE, each party does hereby covenant and agree with the others as follows: ARTICLE I. DEFINITIONS In this Agreement, unless a different meaning clearly appears from the context: "Agreement" means this Tax Abatement Agreement between the City and the Developer, as the same may be from time to time modified, amended or supplemented. "Articles and Sections" mentioned by number only are the respective Articles and Sections of this Agreement so numbered. “Business Day” means any day except a Saturday, Sunday or a legal holiday or a day on which banking institutions in the City are authorized by law or executive order to close; "City" means the City of Farmington, Minnesota. “Contract” means the Development Agreement for the Property to be executed at a future date. “City Tax Abatement” means the City’s Tax Abatement as described in Article 3.4 hereof and as authorized by the City Tax Abatement Resolution, pursuant to the Tax Abatement Act. "Developer" means Apartment Farmington LLC, a Minnesota limited liability company, or its assigns. "Event of Default" means an action by the Developer listed in Article IV of this Agreement. “Minimum Improvements” means the construction of a 168 unit market rate rental apartment building on the Property. "Parties" means the Developer and City. "Party" means one of the following: Developer or City. "Project" means the acquisition by Developer of the Property and the construction of an approximately 168 unit residential building on the Property in accordance with the Contract, plans and specifications approved by the City and all applicable local, state and federal regulations. "State" means the State of Minnesota. Page 36 of 352 Resolution 2024-59 Page 2 of 2 “Substantial Completion” means the stage in the progress of construction of Project where the work is sufficiently complete in accordance with the plans approved under this Agreement that a certificate of occupancy or temporary certificate is issued. “Tax Abatement” means the City Tax Abatement of ad valorem real estate taxes levied on the Project by the City as provided in the City’s Tax Abatement Resolution and this Agreement, and as authorized by the Tax Abatement Act. “Tax Abatement Act” means Minnesota Statutes, Sections 469.1812 through 469.1815, as amended from time to time. "Unavoidable Delays" means delays outside the control of the Party claiming its occurrence which are the direct result of strikes, other labor troubles, unusually severe or prolonged bad weather, Acts of God, epidemics, terrorism, fire or other casualty to the Project, litigation commenced by third parties which, by injunction or other similar judicial action, directly results in delays, or acts of any federal, state or local governmental unit (other than the City) which directly result in delays. Unavoidable delays shall not include delays in the Developer's obtaining permits or governmental approvals necessary directly to enable construction of the Project. ARTICLE II. REPRESENTATIONS AND WARRANTIES Section 2.1. Representations and Warranties by the City. The City represents and warrants that: (a) The City is a Minnesota municipal corporation duly organized and existing under the laws of the State of Minnesota. Under the laws of the State, the City has the power to enter into this Agreement and carry out its obligations hereunder. (b) The City Tax Abatement is consistent with the criteria established in the Tax Abatement Statute. (c) The City has made the findings required by the Tax Abatement Act for issuance of the Tax Abatement. Section 2.2. Representations and Warranties by the Developer. The Developer represents and warrants that: (a) The Developer is a limited liability company duly organized and operating under the laws of the State of Minnesota, has the power to enter into this Agreement, and has duly authorized the execution, delivery, and performance of this Agreement by proper action of its Manager(s). (b) The Developer will acquire the Property and cause the Project to be constructed, operated and maintained in accordance with the terms of this Agreement, the terms Page 37 of 352 Resolution 2024-59 Page 2 of 2 of the Contract, and all local, state and federal laws and regulations (including, but not limited to, environmental, zoning, building code and public health laws and regulations including the America with Disabilities Act). (c) The acquisition of the Property and construction of the Project would not be undertaken by the Developer, and in the opinion of the Developer would not be economically feasible within the reasonably foreseeable future, without the assistance and benefit to the Developer provided for in this Agreement. (d) The Developer will obtain, in a timely manner, all required permits, licenses and approvals and to meet, in a timely manner, all requirements of all applicable local, state and federal laws and regulations which must be obtained or met before the Project may be lawfully constructed. (e) The Developer will cooperate with the City with respect to any litigation commenced with respect to the Property or the Project. (f) Neither the execution and delivery of this Agreement, the consummation of the transactions contemplated hereby, nor the fulfillment of or compliance with the terms and conditions of this Agreement is prevented, limited by or conflicts with, or results in a breach of, the terms, conditions or provisions of any corporate restriction or any evidences of indebtedness, agreement or instrument of whatever nature to which the Developer is now a party or by which it is bound or constitutes a default under any of the foregoing. (g) Whenever any Event of Default occurs and if the City shall employ attorneys and engineers or incur and pay for expenses for the collection of payments due or to become due or for the enforcement of performance or observance of any obligation or agreement on the part of the Developer under this Agreement, the Developer agrees that it shall, within ten (10) days of written demand by the City, pay to the City the reasonable fees of such attorneys and such other expenses so incurred and paid for by the City. ARTICLE III. UNDERTAKINGS OF DEVELOPER AND TAX ABATEMENT Section 3.1. Construction of the Project. (a) The Developer agrees that it will: (i) acquire the Property by May 20, 2025 and will construct the Project on the Property in accordance with construction plans and specifications approved by the City, (the “Construction Plans”); (ii) operate the Project; (iii) maintain, preserve and keep the Project or cause the Project to be maintained, preserved and kept with the appurtenances and every part and parcel thereof in compliance with applicable governmental regulations. Section 3.2. Construction of Improvements. The Developer shall commence construction of the Project no later than May 20, 2025 and shall substantially complete construction of the Project by November 30, 2026, subject to extensions approved by the City Page 38 of 352 Resolution 2024-59 Page 2 of 2 and Unavoidable Delays. All work shall be in conformity with the Plans and Specifications as submitted by the Developer and approved by the City pursuant to the Contract. Section 3.3. Damage and Destruction. In the event of damage or destruction of the Project the Developer shall repair or rebuild the Project. Section 3.4. Tax Abatement Program. (1) The Tax Abatement paid to the Developer shall be in accordance with and subject to the terms and conditions contained in the Abatement Resolution and the Tax Abatement Act. As the City implements this Agreement, all calculations and the implementation of those calculations shall be determined by the City in its sole discretion. (2) The Tax Abatement shall be for a duration of not to exceed 10 years and shall apply to the percentage of the increased portions of the City’s share of ad valorem property taxes imposed on the Property derived from the value of the Project over the adjusted 2025 Market Value for taxes collected in 2025 as established by the County Assessor’s Office in which the City receives taxes from the Property and paid by the Developer as follows: (a) The City will abate 100% of the increased portion of the City’s share of ad valorem property taxes beginning with taxes payable in 2027 and continuing through taxes payable in 2031 on the Property; (b) The City will abate 75% of the increase portion of the City’s share of ad valorem taxes beginning with taxes payable in 2032 and continuing through taxes payable in 2036 on the Property. (3) In no event shall the cumulative amount abated exceed an amount equal to $1,172,000.00 together with simple, non-compounding interest from the date a Certificate of Occupancy is issued for the Property at a rate of Six and 00/100 percent (6%) per annum through the ten year anniversary of the issuance of Certificate of Occupancy but no later than February 1, 2037. (4) On or before February 1 and August 1 each year commencing August 1, 2027 to February 1, 2037, the City shall pay the Developer the amount of the Tax Abatement received by the City in the previous six-month period. (5) In order to be entitled to the Tax Abatement provided for in this Agreement, the Developer shall not be in default within the City of any of its payment obligations respecting any taxes, assessments, utility charges or other governmental impositions. Notwithstanding the other provisions in this Article, the City shall not have any obligation to the Developer with respect to the Abatement of taxes hereunder if the City, at the time or times such obligation is required, is entitled to exercise any of the remedies set forth in this Agreement as a result of an Event of Default, which has not been cured. Page 39 of 352 Resolution 2024-59 Page 2 of 2 (6) The City may terminate the Tax Abatement Program and this Agreement on an earlier date if any Event of Default occurs and the City rescinds or cancels this Agreement. (7) The foregoing notwithstanding, the City shall not have the right to terminate the Tax Abatement Program and/or this Agreement for an Event of Default of Developer’s obligations under Section 3.1 (a) (iii) of this Agreement. Section 3.5. Real Property Taxes. The Developer shall, so long as this Agreement remains in effect, pay all real property taxes with respect to all parts of the Property owned by it which are payable pursuant to any statutory or contractual duty that shall accrue until title to the Property is vested in another person. The Developer agrees that for tax assessments so long as this Agreement remains in effect: (a) It will not seek administrative review or judicial review of the applicability of any tax statute relating to the ad valorem property taxation of real property contained on the Property determined by any tax official to be applicable to the Project or the Developer or raise the inapplicability of any such tax statute as a defense in any proceedings with respect to the Property, including delinquent tax proceedings; provided, however, "tax statute" does not include any local ordinance or resolution levying a tax; (b) It will not seek administrative review or judicial review of the constitutionality of any tax statute relating to the taxation of real property contained on the Property determined by any tax official to be applicable to the Project or the Developer or raise the unconstitutionality of any such tax statute as a defense in any proceedings, including delinquent tax proceedings with respect to the Property; provided, however, "tax statute" does not include any local ordinance or resolution levying a tax; (c) It will not seek any tax deferral or abatement, either presently or prospectively authorized under Minnesota Statutes, Section 469.181, or any other State or federal law, of the ad valorem property taxation of the Tax Abatement Property so long as this Agreement remains in effect. ARTICLE IV. EVENTS OF DEFAULT Section 4.1. Events of Default Defined. The following shall be "Events of Default" under this Agreement and the term "Event of Default" shall mean, whenever it is used in this Agreement (unless the context otherwise provides), any one or more of the following events: (a) Subject to Unavoidable Delays and the passing of any applicable cure rights failure by the Developer to pay when due any payments required to be paid under this Agreement or to pay when due ad valorem taxes on the Property. (b) Subject to Unavoidable Delays and the passing of any applicable cure rights failure by the Developer to acquire the Property and commence, diligently pursue and complete Page 40 of 352 Resolution 2024-59 Page 2 of 2 construction of the Project, or portions thereof, pursuant to the terms, conditions and limitations of this Agreement. (c) Failure by Developer to observe or perform any other covenant, condition, obligation or agreement on its part to be observed or performed hereunder. (d) If any warranty or representation by the Developer in this Agreement is untrue in any material respect. Section 4.2. City’s Remedies on Default. Whenever any Event of Default by Developer referred to in Section 5.1 of this Agreement occurs, the City may take any one or more of the following actions and unless otherwise provided such actions may be taken only after providing thirty (30) days written notice to the Developer of the Event of Default and the Event of Default has not been cured within said thirty (30) days or, if the Event of Default is by its nature incurable within thirty (30) days, the Developer does not provide assurances to the City reasonably satisfactory to the City that the Event of Default will be cured and will be cured as soon as reasonably possible: (a) Suspend its performance under the Agreement until it receives assurances from the Developer, deemed adequate by the City, that the Developer will cure its default and continue its performance under the Agreement. (b) Terminate this Agreement; except for an Event of Default pursuant to Section 3.1 (a) (iii). (c) Take whatever action, including legal, equitable or administrative action, which may appear necessary or desirable to the City to collect any payments due or damages arising under this Agreement or to enforce performance and observance of any obligation, agreement, or covenant of the Developer under this Agreement. Section 4.3. No Remedy Exclusive. No remedy herein conferred upon or reserved to the City is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given under this Agreement or now or hereafter existing at law or in equity or by statute. No delay or omission to exercise any right or power accruing upon any default shall impair any such right or power or shall be construed to be a waiver thereof, but any such right and power may be exercised from time to time and as often as may be deemed expedient. Section 4.4. No Implied Waiver. In the event any agreement contained in this Agreement should be breached by any part and thereafter waived by any other party, such waiver shall be limited to the particular breach so waived and shall not be deemed to waive any other concurrent, previous or subsequent breach hereunder. Section 4.5. Attorneys' Fees. Whenever any Event of Default occurs and either the City shall employ attorneys or incur expenses for the collection of payments due or to become due or for the enforcement of performance or observance of any obligation or agreement on the part of Page 41 of 352 Resolution 2024-59 Page 2 of 2 the Developer under this Agreement, the Developer agrees that it shall, within ten (10) days of written demand by the City pay to the City the reasonable fees of such attorneys paid by the City and such other expenses so incurred and paid for by the City, provided, that the Developer shall only be obligated to make such reimbursement if the other party prevails in such collection or enforcement action. ARTICLE V. ADDITIONAL PROVISIONS Section 5.1. Equal Employment Opportunity. The Developer, for itself and its successors and assigns, agrees that during the construction of the Project provided for in this Agreement it will comply with all applicable federal, state and local equal employment and nondiscrimination laws and regulations. Section 5.2. Waiver and Release by Developer. The Developer hereby waives, releases and forever discharges the City from any claim for costs incurred in preliminary plans, specifications, site testing improvements, professional fees or legal fees in connection with the Project. Section 5.3. Release and Indemnifications Covenants. (a) The Developer releases from and covenants and agrees that the City and their governing body members, officers, agents, servants and employees shall not be liable for and agrees to indemnify and hold harmless the City and its governing body members, officers, agents, servants, and employees against any loss or damage to property or any injury to or death of any person occurring at or about or resulting from any defect in the Project or Property. (b) Except for any willful misrepresentation or wanton misconduct of the following named parties, the Developer agrees to protect and defend the City and its governing body members, officers, agents, servants and employees, now or forever and further agrees to hold the aforesaid harmless from any claim, demand, such , action or other proceeding whatsoever by any person or entity whatsoever arising or purportedly arising from a breach of the obligations of the Developer under this Agreement, or the transactions contemplated hereby or the acquisition, construction, installation, ownership, maintenance and operation of the Project and Property. (c) The City and its governing body members, officers, agents, servants and employees shall not be liable for any damages or injury to the persons or property of the Developer or its officers, agents, servants, employees, invitees, guests or any other person who may be on the Property or may use the Project or Property due to any act of negligence of any person. (d) All covenants, stipulations, promises, agreements and obligations of the City contained herein shall be deemed to be the covenants, stipulations, promises, agreements and obligations of the City and not of any governing body member, officer, agent, servant or employee of the City in the individual capacity thereof. Page 42 of 352 Resolution 2024-59 Page 2 of 2 Section 5.4. Titles of Articles and Sections. Any titles of the several parts, Articles and Sections of this Agreement are inserted for convenience of reference only and shall be disregarded in construing or interpreting any of its provisions. Section 5.5. Notices and Demands. Except as otherwise expressly provided in this Agreement, a notice, demand or other communication under the Agreement by either party to the other shall be sufficiently given or delivered if it is dispatched by registered or certified mail, postage prepaid, return receipt requested or delivered personally; and (a) In the case of the Developer, is addressed or delivered personally to: Apartments Farmington, LLC Attn: Vishal Dutt 1834 East 38th Street Minneapolis, MN 55407 With a Copy to: Siegel Brill, P.A. Attn: Anthony J. Gleekel, Esq. 100 Washington Ave. S., Suite 1300 Minneapolis, MN 55401 (b) In the case of the City, is addressed or delivered personally to: City Administrator City of Farmington 430 3rd St., Farmington, MN 55024 With a copy to: Leah Koch Campbell Knutson, Professional Association 860 Blue Gentian Road, Suite 290 Eagan, MN 55121 Telephone: (651) 452-5000 (c) Either Party may, upon written notice to the other Party, change the address to which such notices and demands are made. Section 5.6. Disclaimer of Relationship. The Developer acknowledges that nothing contained in this Agreement nor any act by the City or the Developer shall be deemed or construed by the Developer or any third person to create any relationship of third-party beneficiary, principal and agent, limited or general partner or joint venture between the City and the Developer. Page 43 of 352 Resolution 2024-59 Page 2 of 2 Section 5.7. Covenants Running with the Land. The terms and provisions of this Agreement shall be deemed to be covenants running with the Property and shall be binding upon any successors or assigns of the Developer and any future owners or encumbrances of the Property. Section 5.8. Counterparts. This Agreement is executed in any number of counterparts, each of which shall constitute one and the same instrument. Section 5.9. Law Governing. This Agreement will be governed and construed in accordance with the laws of Minnesota. Section 5.10. Facsimile Signature. The parties hereto acknowledge and agree that in order to expedite the signing of this Agreement and the processing, and review and compliance with the terms hereof, the parties may utilize facsimile equipment to transmit and convey signatures hereto and such other information as may be necessary. With respect to any such transmission bearing a signature for any party hereto and on which the receiver is or may be reasonably expected to rely, than if such a facsimile transmission is corroborated by regular facsimile printout showing the telephone number from which transmitted together with a date and time of transmission, it shall be binding on the sending party and may be relied upon by the party receiving the same. The sending party hereby acknowledges such reliance and weighs any defenses to the use of such documents or signatures. Additionally, electronic signatures using a certified e-signature via Adobe or DocuSign are acceptable for this Agreement and related documents will be accepted with the same effect as original ink-signed “hard copy” versions of such documents. Notwithstanding the foregoing, all documents which are to be recorded must be delivered by the signing party as fully executed and acknowledged (and, if required by applicable law, witnessed) “wet ink” originals. Section 5.11. Estoppel Certificate. Each party, respectively, agrees that at any time and from time to time within ten (10) business days after receipt of a written request by the other party, to execute, acknowledge and deliver to such party a statement in writing and in such form as will enable it to be recorded in the proper office for the recordation of deeds and other instruments certifying: (a) that this Agreement is unmodified and in full force and effect or, if there have been modifications, that the same are in full force and effect as modified and identifying the modifications; (b) that no party is in default under any provisions of this Agreement or, if there has been a default, the nature of such default; (c) that all work to be performed, under this Agreement or any related agreement has been performed or, if not so performed, specifying the work to be performed; and (d) as to any other matter that the requesting party, a prospective purchaser or assignee or a prospective mortgagee or other lender shall reasonably request. It is intended that any such statement may be relied upon by any person, prospective mortgagee of, or assignee of any mortgage, upon such interest. Any such statement on behalf of the City may be executed by the City Administrator without City Council approval. Section 5.12. Expiration. This Agreement shall expire on the date that the City’s Tax Abatement is paid in full, unless otherwise terminated pursuant to Section 4.2. Page 44 of 352 Resolution 2024-59 Page 2 of 2 IN WITNESS WHEREOF, the City has caused this Agreement to be duly executed in its name and on its behalf, the Developer has caused this Agreement to be duly executed in its name and behalf, on or as of the date first above written. [Remainder of Page Intentionally Left Blank] [Signature pages to follow] Page 45 of 352 Resolution 2024-59 Page 2 of 2 CITY OF FARMINGTON By: ___________________________ Joshua Hoyt, Mayor By: ___________________________ Shirley Buecksler, City Clerk STATE OF MINNESOTA ) )ss. COUNTY OF DAKOTA ) The foregoing instrument was acknowledged before me this _______ day of __________________, 2024, by Joshua Hoyt, the Mayor of the City of Farmington, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. ____________________________________ Notary Public STATE OF MINNESOTA ) )ss. COUNTY OF DAKOTA ) The foregoing instrument was acknowledged before me this _______ day of __________________, 2024, by Shirley Buecksler, the City Clerk of the City of Farmington, a Minnesota municipal corporation, on behalf of the corporation and pursuant to the authority granted by its City Council. ____________________________________ Notary Public Page 46 of 352 Resolution 2024-59 Page 2 of 2 APARTMENTS FARMINGTON, LLC By: ___________________ [Print Name] Its ______________________ [Title] STATE OF MINNESOTA ) )ss. COUNTY OF __________ ) The foregoing instrument was acknowledged before me this _____ day of __________, 2024, by _________________________, the ___________________________ of Apartments Farmington, LLC, a Minnesota limited liability company, on behalf of said entity. __________________________ Notary Public DRAFTED BY: CAMPBELL KNUTSON, Professional Association Grand Oak Office Center I 860 Blue Gentian Road, Suite 290 Eagan, Minnesota 55121 Telephone: (651) 452-5000 LCMK/mkl Page 47 of 352 Resolution 2024-59 Page 2 of 2 EXHIBIT A Legal Description of Property Lot 2, Block 1, Vermillion River Crossings 3rd Addition, Dakota County, Minnesota Page 48 of 352 REGULAR COUNCIL AGENDA MEMO To: Mayor, Councilmembers and City Administrator From: Kim Sommerland, Finance Director Department: Finance Subject: Payment of Claims Meeting: Regular Council - Jul 01 2024 INTRODUCTION: Attached is the list of check and electronic payments for the period of 06/13/2024-06/25/2024 for approval. DISCUSSION: Not applicable BUDGET IMPACT: Not applicable ACTION REQUESTED: Approve payment of claims. ATTACHMENTS: Council Summary Payment of Claims 07-01-2024 Page 49 of 352 CLAIMS FOR APPROVAL 06/13/2024 ‐ 06/25/2024: CHECK PAYMENTS 546,647.79$           ELECTRONIC PAYMENTS 401,374.87$           TOTAL 948,022.66$           The City Council receives a detail list of claims paid that is available to  the public upon request.  CITY OF FARMINGTON SUMMARY PAYMENT OF CLAIMS July 1, 2024 Page 50 of 352 REGULAR COUNCIL AGENDA MEMO To: Mayor, Councilmembers and City Administrator From: Matt Price, Interim Fire Chief Department: Fire Subject: Fire Service Agreement with Eureka Township Meeting: Regular Council - Jul 01 2024 INTRODUCTION: Attached for review is the proposed Fire Service Agreement with Eureka Township and the Fire Department to provide fire and emergency services for 2024-2028. DISCUSSION: The City of Farmington has provided fire and emergency services to portions of Eureka Township. Staff has worked with Eureka Township to update the fire service contract. With the rising cost of the service we provide, it was important for this contract to reflect the actual costs. BUDGET IMPACT: The service charges are included in the 2024 budget. ACTION REQUESTED: The action requested is to approve the attached Fire Service Agreement with Eureka Township. ATTACHMENTS: Eureka Township Fire Service Agreement Page 51 of 352 D Be l TH I S AG R E E M E N T , ma d e an d en t e r e d in t o th i s da y of , 20 2 4 by an d be t w e e n th e CI T Y OF F AR M I N G T O N , a Mi n n e s o t a mu n i c i p a l co r p o r a t i o n lo c a t e d in Da k o t a Co u n t y , Mi n n e s o t a (h e r e i n a f t e r re f e r r e d to as “F a r m i n g t o n ” ) an d EU R E K A TO W N S H I P , a pu b l i c co r p o r a t i o n (h e r e i n a f t e r re f e r r e d to as “E u r e k a ” ) . WH E R E A S , th e pa r t i e s wi s h to co n t i n u e th e pr o v i s i o n of ?r e se r v i c e by Fa r m i n g t o n to Eu r e k a in ac c o r d a n c e wi t h th e te r m s an d pr o v i s i o n s pr o v i d e d un d e r th i s Ag r e e m e n t ; WH E R E A S , Fa r m i n g t o n is au t h o r i z e d by pr i o r ac t i o n of th e Fa r m i n g t o n Ci t y Co u n c i l pu r s u a n t to Mi n n e s o t a St a t u t e s § 43 8 . 0 8 to pr o v i d e ?r e se r v i c e ou t s i d e th e li m i t s of Fa r m i n g t o n ; WH E R E A S , Mi n n e s o t a St a t u t e s § 43 8 . 0 9 au t h o r i z e s mu n i c i p a l i t i e s to co n t r a c t wi t h ot h e r mu n i c i p a l i t i e s pr o v i d i n g ?r e se r v i c e s as au t h o r i z e d un d e r Mi n n e s o t a St a t u t e s § 43 8 . 0 8 to co n t r a c t fo r co m p e n s a t i o n fo r se r v i c e s re n d e r e d ; an d WH E R E A S , Fa r m i n g t o n an d Eu r e k a ar e ad j a c e n t co m m u n i t i e s an d Fa r m i n g t o n ha s th e me a n s an d ab i l i t y to pr o v i d e ?r e pr o t e c t i o n se r v i c e s fo r Eu r e k a , wh i l e at th e sa m e ti m e pr o v i d i n g ad e q u a t e ?r e se r v i c e s wi t h i n Fa r m i n g t o n . NO W , TH E R E F O R E , it is mu t u a l l y ag r e e d by an d be t w e e n th e pa r t i e s he r e t o , as fo l l o w s : 1. TE R M . Th i s Ag r e e m e n t sh a l l de ? n e th e te r m s an d co n d i t i o n s of th e re l a t i o n s h i p of Eu r e k a an d th e Fa r m i n g t o n fr o m Ap r i l 1, 20 2 4 th r o u g h De c e m b e r 31 , 20 2 8 , or un t i l te r m i n a t e d as pr o v i d e d fo r he r e i n . 2. SE R V I C E S . Fa r m i n g t o n sh a l l pr o v i d e th e fo l l o w i n g se r v i c e s to Eu r e k a in th e Eu r e k a se r v i c e ar e a de p i c t e d in Ex h i b i t A, at t a c h e d he r e t o : A. Fa r m i n g t o n sh a l l fu r n i s h th e fo l l o w i n g em e r g e n c y se r v i c e s to al l pr o p e r t y lo c a t e d wi t h i n th e re s p o n s e ar e a de p i c t e d in Ex h i b i t A: Ch e c k al l th o s e th a t ap p l y . IZ I St r u c t u r a l Fi r e ? g h t i n g L7 _ l Em e r g e n c y Me d i c a l Se r v i c e s [Z l Gr a s s Fo r e s t Fi r e ? g h t i n g lZ l Ge n e r a l Me d i c a l s [Z l Ge n e r a l Fi r e ? g h t i n g Le v e l of Em e r g e n c y Me d i c a l Re s p o n s e lZ l Ve h i c l e s & Eq u i p m e n t El Fi r s t Re s p o n d e r lZ l Ca r b o n Mo n o x i d e Ca l l s Em e r g e n c y Me d i c a l Te c h n i c i a n [Z Ot h e r No n - S t r u c t u r a l Fi r e ? g h t i n g Pa r a m e d i c 23 0 4 0 2 v 7 Pa 1 FI R E S E RAG R E E M E N T Page 52 of 352 Fa r m i n g t o n sh a l l re s p o n d to al l su c h em e r g e n c i e s in Eu r e k a wi t h th e mi n i m u m ap p r o p r i a t e pe r s o n n e l an d ap p a r a t u s as de t e r m i n e d by th e de c i s i o n of Fa r m i n g t o n ’ s Fi r e Ch i e f or ot h e r ra n k i n g of ? c e r or of ? c i a l in ch a r g e of th e ?r e de p a r t m e n t at th e ti m e . Th e pa r t i e s un d e r s t a n d th e ?r e de p a r t m e n t of ? c e r in ch a r g e of th e pa r t i c u l a r sc e n e sh a l l ex e r c i s e ju d g m e n t to de t e r m i n e , in co n s i d e r a t i o n of al l th e es t a b l i s h e d po l i c i e s , gu i d e l i n e s , pr o c e d u r e s , an d pr a c t i c e s , ho w be s t to al l o c a t e th e av a i l a b l e re s o u r c e s of th e ?r e de p a r t m e n t un d e r th e ci r c u m s t a n c e s of a gi v e n si t u a t i o n . Fa i l u r e to pr o v i d e se r v i c e s be c a u s e of po o r we a t h e r co n d i t i o n s or ot h e r co n d i t i o n s be y o n d th e co n t r o l of Fa r m i n g t o n sh a l l no t be de e m e d a br e a c h of th i s co n t r a c t . Th e pa r t i e s un d e r s t a n d an d ag r e e th a t Fa r m i n g t o n wi l l en d e a v o r to re a s o n a b l y pr o v i d e th e se r v i c e s in d i c a t e d ab o v e gi v e n th e ci r c u m s t a n c e s , bu t Fa r m i n g t o n ma k e s no gu a r a n t e e s th a t th e se r v i c e s it ac t u a l l y pr o v i d e s in a gi v e n si t u a t i o n wi l l me e t an y pa r t i c u l a r cr i t e r i a or st a n d a r d . F ar m i n g t o n an d it s of ? c e r s , em p l o y e e s an d vo l u n t e e r s sh a l l no t be li a b l e to Eu r e k a or an y ot h e r pe r s o n fo r fa i l u r e to fu r n i s h as s i s t a n c e un d e r th i s ag r e e m e n t or fo r re c a l l i n g as s i s t a n c e . 3. CO M P E N S A T I O N . A. Eu r e k a ag r e e s to pa y F ar m i n g t o n an n u a l l y du r i n g th e te r m of th i s co n t r a c t th e Pa y m e n t Am o u n t de t e r m i n e d an n u a l l y ac c o r d i n g to th e fo l l o w i n g fo r m u l a . Th e fo l l o w i n g pe r c e n t a g e s re l a t e sp e c i ? c a l l y to Eu r e k a in re l a t i o n to th e re s p o n s e ar e a de p i c t e d in Ex h i b i t A to wh i c h Fa r m i n g t o n pr o v i d e s ?r e se r v i c e s as th e pr i m a r y se r v i c e pr o v i d e r . Nu m b e r of ?r e se r v i c e ca l l s to Eu r e k a av e r a g e d ov e r th e pr e c e d i n g th r e e ca l e n d a r ye a r s (n o t in c l u d i n g re c a l l e d ca l l s ) as a pr o p o r t i o n of al l se r v i c e ca l l s re s p o n d e d to by th e F ar m i n g t o n Fi r e De p a r t m e n t in th a t ti m e pe r i o d : 00 st r u c t u r e s Eu r e k a de p i c t e d in Ex h i b i t A (a s mo s t re c e n t l y de t e r m i n e d by th e as s e s s o r ) as a pr o p o r t i o n of th e ma r k e t va l u e of al l ta x a b l e an d no n - t a x a b l e st r u c t u r e s in th e ar e a se r v e d by th e 23 0 4 0 2 v 7 Pa g e IZ I Re sc ue [2 ]Ve h i cl e&Eq u i p m e n t Ex t r i c a t i o n [2 1 Co d e En f o r c e m e n t Page 53 of 352 To t a l Fi r e De p a r t m e n t An n u a l Op e r a t i o n a l Bu d g e t fo r th e up c o m i n g ye a r 2 $ $ x °o $ Op e r a t i o n a l Bu d g e t Eu r e k a Co s t Al l o c a t i o n Pa y m e n t Am o u n t B. 23 0 4 0 2 v 7 Fo r th e pu r p o s e s of th i s fo r m u l a , po p u l a t i o n sh a l l be de t e r m i n e d by th e mo s t cu r r e n t st a t e de m o g r a p h e r ’ s es t i m a t e av a i l a b l e at th e ti m e th e Pa y m e n t Am o u n t is de t e r m i n e d . Op e r a t i o n a l bu d g e t sh a l l in c l u d e de p r e c i a t i o n ba s e d on Fa r m i n g t o n ’ s ?x e d as s e t po l i c y , sh a l l ex c l u d e ca p i t a l ou t l a y pu r c h a s e s an d st a t e ?r e ai d re c e i v e d by Fa r m i n g t o n . A st a t e m e n t fo r se r v i c e s sh a l l be pr o v i d e d to Eu r e k a on a qu a r t e r l y ba s i s an d fo r w a r d e d to Eu r e k a fo r pa y m e n t . Eu r e k a sh a l l pa y fo r ?r e se r v i c e s wi t h i n th i r t y - ?v e (3 5 ) da y s af t e r bi l l i n g by Fa r m i n g t o n . Fa r m i n g t o n ma y im p o s e ch a r g e s fo r it s se r v i c e s un d e r th i s Ag r e e m e n t to Eu r e k a re s i d e n t s , pr o p e r t y ow n e r s , an d ot h e r pe r s o n s to th e sa m e ex t e n t as th o s e ch a r g e s wo u l d be im p o s e d on Fa r m i n g t o n re s i d e n t s , pr o p e r t y ow n e r s , an d ot h e r pe r s o n s . Eu r e k a To w n Bo a r d sh a l l as s i s t in th e co l l e c t i o n of an y ch a r g e by ce r t i f y i n g th e ch a r g e s ag a i n s t Eu r e k a pr o p e r t i e s or by ot h e r la w f u l me a n s of co l l e c t i o n . It is un d e r s t o o d an d ag r e e d Eu r e k a sh a l l ha v e no re s p o n s i b i l i t y wh a t s o e v e r to w a r d th e ?r e ? g h t e r s or ot h e r em e r g e n c y pe r s o n n e l in c l u d i n g an y em p l o y m e n t re l a t e d is s u e s su c h as tr a i n i n g , su p e r v i s i o n , pe r f o r m a n c e re v i e w s , di s c i p l i n e co m p e n s a t i o n , be n e ? t s , in s u r a n c e co v e r a g e s , co m p l i a n c e wi t h an y em p l o y m e n t re l a t e d fe d e r a l , st a t e , an d lo c a l la w s an d ru l e s su c h as OS H A , ER I S A , RL S A FM L A , or an y ot h e r em p l o y m e n t re l a t e d is s u e s . It is fu r t h e r ag r e e d Eu r e k a ha s no re s p o n s i b i l i t y , be y o n d pa y i n g th e ag r e e d up o n Pa y m e n t Am o u n t , fo r ac q u i r i n g , op e r a t i n g , ma i n t a i n i n g , ho u s i n g , or re p l a c i n g eq u i p m e n t as ne e d e d to pr o v i d e th e ?r e se r v i c e s de s c r i b e d he r e i n . EN F O R C E M E N T OF MI N N E S O T A ST A T E FI R E CO D E . Th e Fa r m i n g t o n Fi r e Ch i e f , on be h a l f of Fa r m i n g t o n , is he r e b y au t h o r i z e d to ar e a s an y Pa g e 3 Fa r m i n g t o n Fi r e D e p ar t m e nt : 00 Ha l f of th e po p u l a t io n of al l ofEu r e k a asapr o p o r t i o n of th e to t a l po p u l a t i o n th e ar e a s se r v e d by th e Fa r m i n g t o n De p ar t m en t : ”a To t a l : 00 I3 0 0 Eu re k aCo s t Page 54 of 352 me c h a n i s m s in c l u d i n g bu t no t li m i t e d to in j u n c t i v e re l i e f o r an y ap p l i c a b l e cr i m i n a l pr o s e c u t i o n . B. Th e co s t s to Fa r m i n g t o n fo r an y in c i d e n t re s u l t i n g fr o m an ac t of ne g l i g e n c e or ca r e l e s s n e s s th a t re q u i r e s em e r g e n c y re s p o n s e se r v i c e s ma y be bi l l e d to th e pa r t y re s p o n s i b l e fo r su c h ne g l i g e n c e or ca r e l e s s n e s s . Ex a m p l e s of ne g l i g e n c e or ca r e l e s s n e s s in c l u d e , bu t ar e no t li m i t e d to , fa l s e al a r m re s p o n s e s ; br u s h bu r n i n g , de b r i s bu r n i n g , or re c r e a t i o n a l ca m p f i r e s th a t re q u i r e an em e r g e n c y re s p o n s e se r v i c e ; me t h a m p h e t a m i n e la b ex p l o s i o n s ; an d ot h e r ex p l o s i o n s or ?r e s re s u l t i n g fr o m ne g l i g e n c e or ca r e l e s s n e s s . C. Th e co s t s to Fa r m i n g t o n fo r an y ha z a r d o u s ma t e r i a l sp i l l s or re l e a s e s re q u i r i n g em e r g e n c y re s p o n s e se r v i c e s ma y be bi l l e d to th e pa r t y re s p o n s i b l e fo r su c h ha z a r d o u s ma t e r i a l sp i l l s or re l e a s e s . D. Th e co s t s to Fa r m i n g t o n fo r em e r g e n c y re s p o n s e se r v i c e s re s u l t i n g fr o m an ac t of ar s o n ma y be su b m i t t e d to lo c a l co u r t fo r re s t i t u t i o n fr o m th e pa r t y co n v i c t e d of ar s o n un d e r Mi n n e s o t a la w . E. An y ou t s t a n d i n g in v o i c e s to Fa r m i n g t o n ma y be ce r t i ? e d to th e pr o p e r t y ta x e s of th e in c i d e n t si t e by Fa r m i n g t o n . 5. IN D E M N I F I C A T I O N . Fa r m i n g t o n ag r e e s to de f e n d an d in d e m n i f y Eu r e k a ag a i n s t an y cl a i m s br o u g h t or ac t i o n s fi l e d ag a i n s t Eu r e k a or an y of f i c e r , em p l o y e e , or vo l u n t e e r of Eu r e k a fo r in j u r y to , de a t h of , or da m a g e to th e pr o p e r t y of an y th i r d pe r s o n or pe r s o n s , ar i s i n g fr o m F ar m i n g t o n ’ s pe r f o r m a n c e un d e r th i s co n t r a c t fo r se r v i c e s . Un d e r no ci r c u m s t a n c e s , ho w e v e r , sh a l l Fa r m i n g t o n be re q u i r e d to pa y on be h a l f of it s e l f an d Eu r e k a , an y am o u n t s in ex c e s s of th e li m i t s on li a b i l i t y es t a b l i s h e d in Mi n n e s o t a St a t u t e s , Ch a p t e r 46 6 ap p l i c a b l e to an y on e pa r t y . Th e li m i t s of li a b i l i t y fo r Eu r e k a an d Fa r m i n g t o n ma y no t be ad d e d to g e t h e r to de t e r m i n e th e ma x i m u m am o u n t of li a b i l i t y fo r Fa r m i n g t o n . Th e in t e n t of th i s su b d i v i s i o n is to im p o s e on Fa r m i n g t o n a li m i t e d du t y to de f e n d an d in d e m n i f y Eu r e k a fo r cl a i m s ar i s i n g ou t of th e pe r f o r m a n c e of th i s co n t r a c t su b j e c t to th e li m i t s of li a b i l i t y un d e r Mi n n e s o t a St a t u t e s , Ch a p t e r 46 6 . Th e pu r p o s e of cr e a t i n g th i s du t y to de f e n d an d in d e m n i f y is to si m p l i f y th e de f e n s e of c l a i m s by el i m i n a t i n g co n f l i c t s be t w e e n th e pa r t i e s an d to pe r m i t li a b i l i t y cl a i m s ag a i n s t bo t h pa r t i e s fr o m 6. IN S U R A N C E . Fa r m i n g t o n sh a l l ma i n t a i n ge n e r a l li a b i l i t y in s u r a n c e fo r it s se r v i c e s an d sh a l l in c l u d e Eu r e k a as an ad d i t i o n a l in s u r e d fo r th e te r m of th i s Ag r e e m e n t an d an y ex t e n s i o n s th e r e o f . Fa r m i n g t o n sh a l l ma i n t a i n in s u r a n c e eq u a l to or gr e a t e r th a n th e ma x i m u m li a b i l i t y ap p l i c a b l e to mu n i c i p a l i t i e s as se t fo r t h in Mi n n e s o t a St a t u t e s , Se c t i o n 46 6 . 0 4 , su b d . 1, as am e n d e d . Fa r m i n g t o n sh a l l pr o v i d e Eu r e k a pr o o f of su c h in s u r a n c e co v e r a g e s an d th e ad d i t i o n a l in s u r e d en d o r s e m e n t na m i n g Eu r e k a an n u a l l y by th e an n i v e r s a r y da t e of th i s Ag r e e m e n t . Fa r m i n g t o n sh a l l al s o ma i n t a i n wo r k e r s ’ co m p e n s a t i o n co v e r a g e as re q u i r e d by la w . 7. MI N N E S O T A GO V E R N M E N T DA T A PR A C T I C E S AC T . Al l da t a co l l e c t e d cr e a t e d , re c e i v e d , ma i n t a i n e d , or di s s e m i n a t e d , in an y fo r m , fo r an y pu r p o s e s be c a u s e of th i s 23 0 4 0 2 v 7 Pa g e 4 Page 55 of 352 Ag r e e m e n t is go v e r n e d by th e Mi n n e s o t a Go v e r n m e n t Da t a Pr a c t i c e s Ac t (M i n n e s o t a St a t u t e s , Ch a p t e r 13 an d re l a t e d st a t u t e s ) , as am e n d e d , th e Mi n n e s o t a Ru l e s im p l e m e n t i n g su c h Ac t , as am e n d e d , as we l l as Fe d e r a l Re g u l a t i o n s on da t a pr i v a c y . Th e pe r s o n re s p o n s i b l e fo r re l e a s e of al l da t a un d e r th i s Ag r e e m e n t sh a l l be id e n t i ? e d by ea c h pa r t y . 8. SU B C O N T R A C T I N G AN D AS S I G N M E N T . Fa r m i n g t o n sh a l l no t su b c o n t r a c t or as s i g n an y po r t i o n of th i s Ag r e e m e n t to an o t h e r wi t h o u t pr i o r wr i t t e n pe r m i s s i o n fr o m Eu r e k a . Se r v i c e s pr o v i d e d to Eu r e k a pu r s u a n t to a mu t u a l ai d ag r e e m e n t Fa r m i n g t o n ha s , or ma y en t e r in t o , wi t h an o t h e r en t i t y do e s no t co n s t i t u t e a su b c o n t r a c t or as s i g n m e n t re q u i r i n g pr i o r ap p r o v a l of Eu r e k a so lo n g as Fa r m i n g t o n re m a i n s pr i m a r i l y re s p o n s i b l e fo r pr o v i d i n g ?r e se r v i c e s to th e ar e a of Eu r e k a pr o v i d e d he r e i n . 9. TE R M I N A T I O N . Th i s Ag r e e m e n t ma y be te r m i n a t e d by ei t h e r Fa r m i n g t o n or Eu r e k a by gi v i n g th e ot h e r pa r t y at le a s t on e ye a r ’ s pr i o r wr i t t e n no t i c e of su c h ca n c e l l a t i o n . 10 . FA R M I N G T O N ’ S RE S P O N S I B I L I T I E S . In ad d i t i o n to an y ot h e r ob l i g a t i o n s de s c r i b e d he r e i n , Fa r m i n g t o n sh a l l : A. Au t h o r i z e an d di r e c t th e Fa r m i n g t i o n ?r e de p a r t m e n t to pr o v i d e th e ?r e se r v i c e s de s c r i b e d he r e i n to Eu r e k a ; B. De v e l o p a de t a i l e d an n u a l op e r a t i o n a l bu d g e t fo r th e ?r e de p a r t m e n t fo r ea c h ye a r du r i n g th e te r m of th i s co n t r a c t by th e An n i v e r s a r y Da t e an d pr e s e n t it to Eu r e k a al o n g wi t h su f ? c i e n t in f o r m a t i o n to ex p l a i n th e it e m s in c l u d e d in th e bu d g e t ?g u r e s ; C. Up o n Eu r e k a ’ s re q u e s t , pr o v i d e Eu r e k a ac c e s s to ?n a n c i a l an d co s t da t a re l a t e d to th e ?r e de p a r t m e n t fo r ?v e ye a r s pr i o r to th e cu r r e n t se r v i c e ye a r ; D. Di s c l o s e to Eu r e k a an y pr o p o s e d ac t i o n th e Fa r m i n g t o n or th e ?r e de p a r t m e n t in t e n d s to ta k e th a t ca n re a s o n a b l y be ex p e c t e d to af f e c t th e In s u r a n c e Se r v i c e s Of ? c e Fi r e Pr o t e c t i o n Gr a d e in Eu r e k a or Fa r m i n g t o n ’ s ab i l i t y to pr o v i d e th e ?r e se r v i c e s to Eu r e k a ; an d to co n t r a c t . 11 . EU R E K A ’ S RE S P O N S I B I L I T I E S . In ad d i t i o n to an y ot h e r ob l i g a t i o n s de s c r i b e d he r e i n , Eu r e k a sh a l l : A. Pr o m p t l y pa y Fa r m i n g t o n th e Pa y m e n t Am o u n t as in d i c a t e d ab o v e fo r th e ye a r of se r v i c e , or a pr o r a t e d sh a r e of th e Pa y m e n t Am o u n t fo r th e le n g t h of se r v i c e ac t u a l l y pr o v i d e d if th e co n t r a c t is te r m i n a t e d ea r l y ; 2 3 P a g |5 Page 56 of 352 B. Pr o m p t l y di s c l o s e to Fa r m i n g t o n an y in f o r m a t i o n Eu r e k a ca n re a s o n a b l y an t i c i p a t e wi l l di r e c t l y af f e c t it s ab i l i t y to pe r f o r m it s ob l i g a t i o n s un d e r th i s co n t r a c t . C. Pr e s e n t a bu d g e t an d le v y pr o p o s a l to th e to w n el e c t o r s at ea c h an n u a l to w n me e t i n g du r i n g th e te r m of th i s co n t r a c t se e k i n g au t h o r i t y to le v y fu n d s as ne e d e d to pa y th e “P a y m e n t Am o u n t ” . 12 . AM E N D M E N T . Th i s Ag r e e m e n t ma y be am e n d e d at an y ti m e by th e mu t u a l ag r e e m e n t of th e pa r t i e s . An y su c h am e n d m e n t sh a l l be in wr i t i n g an d wi l l be at t a c h e d to th i s Ag r e e m e n t . 13 . PR I O R I T Y OF RE S P O N S E . Eu r e k a ac k n o w l e d g e s th a t Fa r m i n g t o n ma y en t e r in t o co n t r a c t s wi t h ot h e r go v e r n m e n t a l un i t s or pr i v a t e pa r t i e s to pr o v i d e ?r e pr o t e c t i o n se r v i c e s an d th a t su c h ob l i g a t i o n s ma y im p a c t se r v i c e s . Fa i l u r e to pr o v i d e ?r e se r v i c e s be c a u s e of po o r we a t h e r co n d i t i o n s or ot h e r co n d i t i o n s be y o n d th e co n t r o l of Fa r m i n g t o n sh a l l no t be de e m e d a br e a c h of th i s co n t r a c t . 14 . MI N N E S O T A LA W GO V E R N S . Th i s Ag r e e m e n t sh a l l be go v e r n e d by an d co n s t r u e d in ac c o r d a n c e wi t h th e in t e r n a l la w s of th e St a t e of Mi n n e s o t a . Al l pr o c e e d i n g s re l a t e d to th i s Ag r e e m e n t sh a l l be ve n u e d in Da k o t a Co u n t y , St a t e of Mi n n e s o t a . 15 . SE V E R A B I L I T Y . Th e pr o v i s i o n s of th i s Ag r e e m e n t sh a l l be de e m e d se v e r a b l e . If an y pa r t of th i s Ag r e e m e n t is re n d e r e d vo i d , in v a l i d or ot h e r w i s e un e n f o r c e a b l e , su c h re n d e r i n g sh a l l no t af f e c t th e va l i d i t y an d en f o r c e a b i l i t y of th e re m a i n d e r of th i s Ag r e e m e n t . 16 . NO WA I V E R . No t h i n g he r e i n sh a l l be co n s t r u e d to wa i v e or li m i t an y im m u n i t y fr o m , or li m i t a t i o n on , li a b i l i t y av a i l a b l e to ei t h e r pa r t y , wh e t h e r se t fo r t h in Mi n n e s o t a St a t u t e s , Ch a p t e r 46 6 or ot h e r w i s e . 17 . SE R V I C E CO N T R A C T . Th i s is a se r v i c e co n t r a c t . Th e pa r t i e s do no t in t e n d to un d e r t a k e or cr e a t e , an d no t h i n g he r e i n sh a l l be co n s t r u e d as cr e a t i n g , aj o i n t po w e r s ag r e e m e n t , jo i n t ve n t u r e , or j o i n t en t e r p r i s e be t w e e n th e pa r t i e s . [R e m a i n d e r of pa g e in t e n t i o n a l l y le f t bl a n k . Si g n a t u r e pa g e s fo l l o w . ] 2 3 0 4 P a g 6 Page 57 of 352 Signature Page to Fire Services Agreement CITY OF FARMINGTON By: _____________ _ Joshua Hoyt, Mayor And: --------------Shirley R Buecksler, City Clerk 230402v7 Page 17 Page 58 of 352 Si g n at ur e Pa g e toFi r e Se r v i c e s Ag r e e m e n t E U R E K ATO W N S HI P 2 3 0 4 P a g 8 Page 59 of 352 2- 2 5 - T H SI T I W VE “_ . _ — — - — 2 . 3 5| " F H - S ' T - W G E DA‘ R f A E ‘5>. < Lu 24 0 T H ST W a)w uJ 24 5 T H - S ~ T — W EU R E K A TO W N S H I P DE N M ’ A R K ' A V E GH l P - P - E N D A L - E - A V - E w ' 25 5 - T - H - S - T - W 26 5 ~ T ~ H - S - T — W g i‘EH 3E:<o FA l R G R E E N - A V E Se r v i c e Ar e a = Bo u n d a r y - Eu r e k a To w n s h i p CI T Y OF FA R M I N G T O N “? l?l?l Page 60 of 352 “a ww w . m n 5d e mo m ? m ww w . m t ww w . m o w nm o d m w mw ? w n mm m d o Ni ? w 9 _‘ . m m wm m d m r ww w . m m r «5 0 6 0 — . mo o d ? ww w . m r m on m d m mm ? w w mm N N E ‘ nn m d m w mm v d w mm m d w mo m . rm w @5 0 6 9 mN N d e ww w . m m w ov ? n o w om m ? : 05 . 0 : ww w . m v mK N J u m NF _‘ . m o me K w n_ < o . _ . m_ 4 m < x < . _ . ._ < . F O . _ . oo v ? m w d oo m d o m d oo m w o 2 80 . : 3 80 5 } 8: 8 2 83 8 . 9 80 . 9 . 9 9 88 0 2 29 0 5 . 3 08 . 0 8 . ? 08 8 2 «5 . 3 ; . : 08 8 m . : 08 8 2 50 5 5 . ? 08 . 0 5 . : 53 8 5 80 . 2 to «$ . 8 2 8m g : 8% v a 83 v a v 52 : 3 80 . 8 % 83 8 . 9 83 8 . 3 $3 3 . 3 28 . 8 % : 88 Q 9. 3 8 . 3 08 . 3 1 : 88 0 2 $3 3 . 2 85 8 . 2 08 8 2 wi g d m 83 8 . 8 08 8 2 28 . 8 8 8: 8 3 St e 2 53 5 5 82 m ; 08 8 2 81 8 % ? 80 . 8 9 2 83 8 . ? 80 . 8 % ? F @9 5 3 83 8 5 $3 8 6 83 8 6 38 . 8 t h 83 3 . 2 03 6 8 . 2 83 % ? 83 % . ? 83 8 . 9 98 8 2 v8 . 8 v. 2 83 8 . 3 08 8 2 83 3 . : 83 8 . : 88 0 2 om o d e ? 08 6 8 . 8 08 8 8 33 3 ‘ . : 83 8 . : 88 0 2 R1 8 3 83 5 % 8: 8 2 83 8 + 28 $ ? 8. 3 2 . 0 80 8 3 98 . d e 08 . 2 3 >s _ m. _ m < x < h .2 5 » >5 . 8: 5 2 m e 45 9 51 : . 8 5. 1 5 5 VN O N m< m > >< n _ MN O N m< m > .E z w a . um h w u m E m m: 0 FN o VN 0 EV wm w é rm ov m d n mm 0 Q. o 3 o t 0 or O on Nm m h o 0v wm m d r mm 0 mm vm n d m 9» 0 or 0 mm 0 mm o 5 vm ? r : o n v RN o 9 o vm o rm 0 VN mw r é Fm om ? o m rm vo N K NV co w h 5 w om o d N rm o 2 o MJ m U m d i Oz n_ < o . r xw 4< h 0 . _ . ooooo w . 3 00 0 . 5 5 5 OO O O O oo m d g oo w i w o o oo m d m ? v o o o oo v d m oo o d m m é oo m d w m oo o d m m é co m . 50 ; . o 0 >5 . Xm ._ < . _ . O . _ . me m m — L O m n . 4< z o w m m m oz < m. _ . < . r w m 4< m m mw 0 _ > m m w 02 — m m m m w < >. _ . Z D O U <. _ . O v _ < n _ 32 0 : um . . . ce m r E o E Z O E m E a o » h z 3 o u RW R Q m: 6 o mm m n . $0 5 M H5 2 5 2 92 00 8 $ ? 5: 5 2 to q m m 80 ¢ : m e uc m E c E S c m SE 36 0 ”m E F VN O N R F No “E m a oo n m o m; oo w m o 9. oo m w o 9 00 No Q oo m m o m_ ‘ oo m m o mr oo m r o m w oo v r o m oo m r o mr co m — . 0 mr 00 : 0 9 00 0 8 9. oo m o o mr oo m o o 2 Page 61 of 352 Hco k m é i é w ._ . O . _ . a $5 v a v a oo o d w m d n v 9. H9 0 :3 8 . oo m f m m d m oo m . v m m . m m mm m m m mr oo m . m m m oo m d m m oo o m m mr oo m i o w é oo n é o o é 9. 9 6 m_ . oo m ? w v é oo m . m m v . v 00 9 6 Mr mm n d n m é oo m . m m o . m 00 0 5 2 in , wo w . 5 oo w d v o h w m oo o v w mw wo m d o v d oo o d m v d 0m ; ~ 50 K oo o d m o ? >5 . Na n i . . . 4< h 0 h >5 . DM P < E F w w ._ < . F O . F .5 1 7 . Q Ho _ m _ . _ . w _ n _ VN O N m< m > >< n _ MN O N m< m > ._ . E w < ”9 3 0 : 5 wm z k m n a m n . 4< z o w m m m n_ 2 < m. _ . < . _ . w m 4< m m wm 0 _ > ~ _ m m 02 — w w m m m < >h Z D O O <. _ . O ¥ < n _ .6 0 0: cm . . . :9 «E S E . .o Eu E » F 2 a o u WW Q Q ww m 5 .v m w m E 0— . mm _‘ N wo w d m m OO O O O O «8 6 SS wq m o m d ? OZ n2 0 . . . Xm ._ < . _ . O . _ . oo w d m m . I. 0oo ?o v m oo m ? m v >5 . Xm ._ < h 0 . r on m d e é Km d m o ww PK om m 6 F mm m d v ww n d w om o i m m nw m d m ww w . m m wm e r nm o d w m< 0 . _ . m. _ m < x < . _ . 4< wm o m ? m m a HE m c h L S c m . SE mm u m o EE C . VN O N N E N O ”E m a 3 he 5 $3 $9 8 ”. 8 5 3 2 8. . 00 0 3 5 . ? 6: 5 2 to a m m Page 62 of 352 D Be l TH I S AG R E E M E N T , ma d e an d en t e r e d in t o th i s da y of , 20 2 4 by an d be t w e e n th e CI T Y OF F AR M I N G T O N , a Mi n n e s o t a mu n i c i p a l co r p o r a t i o n lo c a t e d in Da k o t a Co u n t y , Mi n n e s o t a (h e r e i n a f t e r re f e r r e d to as “F a r m i n g t o n ” ) an d EU R E K A TO W N S H I P , a pu b l i c co r p o r a t i o n (h e r e i n a f t e r re f e r r e d to as “E u r e k a ” ) . WH E R E A S , th e pa r t i e s wi s h to co n t i n u e th e pr o v i s i o n of ?r e se r v i c e by Fa r m i n g t o n to Eu r e k a in ac c o r d a n c e wi t h th e te r m s an d pr o v i s i o n s pr o v i d e d un d e r th i s Ag r e e m e n t ; WH E R E A S , Fa r m i n g t o n is au t h o r i z e d by pr i o r ac t i o n of th e Fa r m i n g t o n Ci t y Co u n c i l pu r s u a n t to Mi n n e s o t a St a t u t e s § 43 8 . 0 8 to pr o v i d e ?r e se r v i c e ou t s i d e th e li m i t s of Fa r m i n g t o n ; WH E R E A S , Mi n n e s o t a St a t u t e s § 43 8 . 0 9 au t h o r i z e s mu n i c i p a l i t i e s to co n t r a c t wi t h ot h e r mu n i c i p a l i t i e s pr o v i d i n g ?r e se r v i c e s as au t h o r i z e d un d e r Mi n n e s o t a St a t u t e s § 43 8 . 0 8 to co n t r a c t fo r co m p e n s a t i o n fo r se r v i c e s re n d e r e d ; an d WH E R E A S , Fa r m i n g t o n an d Eu r e k a ar e ad j a c e n t co m m u n i t i e s an d Fa r m i n g t o n ha s th e me a n s an d ab i l i t y to pr o v i d e ?r e pr o t e c t i o n se r v i c e s fo r Eu r e k a , wh i l e at th e sa m e ti m e pr o v i d i n g ad e q u a t e ?r e se r v i c e s wi t h i n Fa r m i n g t o n . NO W , TH E R E F O R E , it is mu t u a l l y ag r e e d by an d be t w e e n th e pa r t i e s he r e t o , as fo l l o w s : 1. TE R M . Th i s Ag r e e m e n t sh a l l de ? n e th e te r m s an d co n d i t i o n s of th e re l a t i o n s h i p of Eu r e k a an d th e Fa r m i n g t o n fr o m Ap r i l 1, 20 2 4 th r o u g h De c e m b e r 31 , 20 2 8 , or un t i l te r m i n a t e d as pr o v i d e d fo r he r e i n . 2. SE R V I C E S . Fa r m i n g t o n sh a l l pr o v i d e th e fo l l o w i n g se r v i c e s to Eu r e k a in th e Eu r e k a se r v i c e ar e a de p i c t e d in Ex h i b i t A, at t a c h e d he r e t o : A. Fa r m i n g t o n sh a l l fu r n i s h th e fo l l o w i n g em e r g e n c y se r v i c e s to al l pr o p e r t y lo c a t e d wi t h i n th e re s p o n s e ar e a de p i c t e d in Ex h i b i t A: Ch e c k al l th o s e th a t ap p l y . IZ I St r u c t u r a l Fi r e ? g h t i n g L7 _ l Em e r g e n c y Me d i c a l Se r v i c e s [Z l Gr a s s Fo r e s t Fi r e ? g h t i n g lZ l Ge n e r a l Me d i c a l s [Z l Ge n e r a l Fi r e ? g h t i n g Le v e l of Em e r g e n c y Me d i c a l Re s p o n s e lZ l Ve h i c l e s & Eq u i p m e n t El Fi r s t Re s p o n d e r lZ l Ca r b o n Mo n o x i d e Ca l l s Em e r g e n c y Me d i c a l Te c h n i c i a n [Z Ot h e r No n - S t r u c t u r a l Fi r e ? g h t i n g Pa r a m e d i c 23 0 4 0 2 v 7 Pa 1 FI R E S E RAG R E E M E N T Page 63 of 352 Fa r m i n g t o n sh a l l re s p o n d to al l su c h em e r g e n c i e s in Eu r e k a wi t h th e mi n i m u m ap p r o p r i a t e pe r s o n n e l an d ap p a r a t u s as de t e r m i n e d by th e de c i s i o n of Fa r m i n g t o n ’ s Fi r e Ch i e f or ot h e r ra n k i n g of ? c e r or of ? c i a l in ch a r g e of th e ?r e de p a r t m e n t at th e ti m e . Th e pa r t i e s un d e r s t a n d th e ?r e de p a r t m e n t of ? c e r in ch a r g e of th e pa r t i c u l a r sc e n e sh a l l ex e r c i s e ju d g m e n t to de t e r m i n e , in co n s i d e r a t i o n of al l th e es t a b l i s h e d po l i c i e s , gu i d e l i n e s , pr o c e d u r e s , an d pr a c t i c e s , ho w be s t to al l o c a t e th e av a i l a b l e re s o u r c e s of th e ?r e de p a r t m e n t un d e r th e ci r c u m s t a n c e s of a gi v e n si t u a t i o n . Fa i l u r e to pr o v i d e se r v i c e s be c a u s e of po o r we a t h e r co n d i t i o n s or ot h e r co n d i t i o n s be y o n d th e co n t r o l of Fa r m i n g t o n sh a l l no t be de e m e d a br e a c h of th i s co n t r a c t . Th e pa r t i e s un d e r s t a n d an d ag r e e th a t Fa r m i n g t o n wi l l en d e a v o r to re a s o n a b l y pr o v i d e th e se r v i c e s in d i c a t e d ab o v e gi v e n th e ci r c u m s t a n c e s , bu t Fa r m i n g t o n ma k e s no gu a r a n t e e s th a t th e se r v i c e s it ac t u a l l y pr o v i d e s in a gi v e n si t u a t i o n wi l l me e t an y pa r t i c u l a r cr i t e r i a or st a n d a r d . F ar m i n g t o n an d it s of ? c e r s , em p l o y e e s an d vo l u n t e e r s sh a l l no t be li a b l e to Eu r e k a or an y ot h e r pe r s o n fo r fa i l u r e to fu r n i s h as s i s t a n c e un d e r th i s ag r e e m e n t or fo r re c a l l i n g as s i s t a n c e . 3. CO M P E N S A T I O N . A. Eu r e k a ag r e e s to pa y F ar m i n g t o n an n u a l l y du r i n g th e te r m of th i s co n t r a c t th e Pa y m e n t Am o u n t de t e r m i n e d an n u a l l y ac c o r d i n g to th e fo l l o w i n g fo r m u l a . Th e fo l l o w i n g pe r c e n t a g e s re l a t e sp e c i ? c a l l y to Eu r e k a in re l a t i o n to th e re s p o n s e ar e a de p i c t e d in Ex h i b i t A to wh i c h Fa r m i n g t o n pr o v i d e s ?r e se r v i c e s as th e pr i m a r y se r v i c e pr o v i d e r . Nu m b e r of ?r e se r v i c e ca l l s to Eu r e k a av e r a g e d ov e r th e pr e c e d i n g th r e e ca l e n d a r ye a r s (n o t in c l u d i n g re c a l l e d ca l l s ) as a pr o p o r t i o n of al l se r v i c e ca l l s re s p o n d e d to by th e F ar m i n g t o n Fi r e De p a r t m e n t in th a t ti m e pe r i o d : 00 st r u c t u r e s Eu r e k a de p i c t e d in Ex h i b i t A (a s mo s t re c e n t l y de t e r m i n e d by th e as s e s s o r ) as a pr o p o r t i o n of th e ma r k e t va l u e of al l ta x a b l e an d no n - t a x a b l e st r u c t u r e s in th e ar e a se r v e d by th e 23 0 4 0 2 v 7 Pa g e IZ I Re sc ue [2 ]Ve h i cl e&Eq u i p m e n t Ex t r i c a t i o n [2 1 Co d e En f o r c e m e n t Page 64 of 352 To t a l Fi r e De p a r t m e n t An n u a l Op e r a t i o n a l Bu d g e t fo r th e up c o m i n g ye a r 2 $ $ x °o $ Op e r a t i o n a l Bu d g e t Eu r e k a Co s t Al l o c a t i o n Pa y m e n t Am o u n t B. 23 0 4 0 2 v 7 Fo r th e pu r p o s e s of th i s fo r m u l a , po p u l a t i o n sh a l l be de t e r m i n e d by th e mo s t cu r r e n t st a t e de m o g r a p h e r ’ s es t i m a t e av a i l a b l e at th e ti m e th e Pa y m e n t Am o u n t is de t e r m i n e d . Op e r a t i o n a l bu d g e t sh a l l in c l u d e de p r e c i a t i o n ba s e d on Fa r m i n g t o n ’ s ?x e d as s e t po l i c y , sh a l l ex c l u d e ca p i t a l ou t l a y pu r c h a s e s an d st a t e ?r e ai d re c e i v e d by Fa r m i n g t o n . A st a t e m e n t fo r se r v i c e s sh a l l be pr o v i d e d to Eu r e k a on a qu a r t e r l y ba s i s an d fo r w a r d e d to Eu r e k a fo r pa y m e n t . Eu r e k a sh a l l pa y fo r ?r e se r v i c e s wi t h i n th i r t y - ?v e (3 5 ) da y s af t e r bi l l i n g by Fa r m i n g t o n . Fa r m i n g t o n ma y im p o s e ch a r g e s fo r it s se r v i c e s un d e r th i s Ag r e e m e n t to Eu r e k a re s i d e n t s , pr o p e r t y ow n e r s , an d ot h e r pe r s o n s to th e sa m e ex t e n t as th o s e ch a r g e s wo u l d be im p o s e d on Fa r m i n g t o n re s i d e n t s , pr o p e r t y ow n e r s , an d ot h e r pe r s o n s . Eu r e k a To w n Bo a r d sh a l l as s i s t in th e co l l e c t i o n of an y ch a r g e by ce r t i f y i n g th e ch a r g e s ag a i n s t Eu r e k a pr o p e r t i e s or by ot h e r la w f u l me a n s of co l l e c t i o n . It is un d e r s t o o d an d ag r e e d Eu r e k a sh a l l ha v e no re s p o n s i b i l i t y wh a t s o e v e r to w a r d th e ?r e ? g h t e r s or ot h e r em e r g e n c y pe r s o n n e l in c l u d i n g an y em p l o y m e n t re l a t e d is s u e s su c h as tr a i n i n g , su p e r v i s i o n , pe r f o r m a n c e re v i e w s , di s c i p l i n e co m p e n s a t i o n , be n e ? t s , in s u r a n c e co v e r a g e s , co m p l i a n c e wi t h an y em p l o y m e n t re l a t e d fe d e r a l , st a t e , an d lo c a l la w s an d ru l e s su c h as OS H A , ER I S A , RL S A FM L A , or an y ot h e r em p l o y m e n t re l a t e d is s u e s . It is fu r t h e r ag r e e d Eu r e k a ha s no re s p o n s i b i l i t y , be y o n d pa y i n g th e ag r e e d up o n Pa y m e n t Am o u n t , fo r ac q u i r i n g , op e r a t i n g , ma i n t a i n i n g , ho u s i n g , or re p l a c i n g eq u i p m e n t as ne e d e d to pr o v i d e th e ?r e se r v i c e s de s c r i b e d he r e i n . EN F O R C E M E N T OF MI N N E S O T A ST A T E FI R E CO D E . Th e Fa r m i n g t o n Fi r e Ch i e f , on be h a l f of Fa r m i n g t o n , is he r e b y au t h o r i z e d to ar e a s an y Pa g e 3 Fa r m i n g t o n Fi r e D e p ar t m e nt : 00 Ha l f of th e po p u l a t io n of al l ofEu r e k a asapr o p o r t i o n of th e to t a l po p u l a t i o n th e ar e a s se r v e d by th e Fa r m i n g t o n De p ar t m en t : ”a To t a l : 00 I3 0 0 Eu re k aCo s t Page 65 of 352 me c h a n i s m s in c l u d i n g bu t no t li m i t e d to in j u n c t i v e re l i e f o r an y ap p l i c a b l e cr i m i n a l pr o s e c u t i o n . B. Th e co s t s to Fa r m i n g t o n fo r an y in c i d e n t re s u l t i n g fr o m an ac t of ne g l i g e n c e or ca r e l e s s n e s s th a t re q u i r e s em e r g e n c y re s p o n s e se r v i c e s ma y be bi l l e d to th e pa r t y re s p o n s i b l e fo r su c h ne g l i g e n c e or ca r e l e s s n e s s . Ex a m p l e s of ne g l i g e n c e or ca r e l e s s n e s s in c l u d e , bu t ar e no t li m i t e d to , fa l s e al a r m re s p o n s e s ; br u s h bu r n i n g , de b r i s bu r n i n g , or re c r e a t i o n a l ca m p f i r e s th a t re q u i r e an em e r g e n c y re s p o n s e se r v i c e ; me t h a m p h e t a m i n e la b ex p l o s i o n s ; an d ot h e r ex p l o s i o n s or ?r e s re s u l t i n g fr o m ne g l i g e n c e or ca r e l e s s n e s s . C. Th e co s t s to Fa r m i n g t o n fo r an y ha z a r d o u s ma t e r i a l sp i l l s or re l e a s e s re q u i r i n g em e r g e n c y re s p o n s e se r v i c e s ma y be bi l l e d to th e pa r t y re s p o n s i b l e fo r su c h ha z a r d o u s ma t e r i a l sp i l l s or re l e a s e s . D. Th e co s t s to Fa r m i n g t o n fo r em e r g e n c y re s p o n s e se r v i c e s re s u l t i n g fr o m an ac t of ar s o n ma y be su b m i t t e d to lo c a l co u r t fo r re s t i t u t i o n fr o m th e pa r t y co n v i c t e d of ar s o n un d e r Mi n n e s o t a la w . E. An y ou t s t a n d i n g in v o i c e s to Fa r m i n g t o n ma y be ce r t i ? e d to th e pr o p e r t y ta x e s of th e in c i d e n t si t e by Fa r m i n g t o n . 5. IN D E M N I F I C A T I O N . Fa r m i n g t o n ag r e e s to de f e n d an d in d e m n i f y Eu r e k a ag a i n s t an y cl a i m s br o u g h t or ac t i o n s fi l e d ag a i n s t Eu r e k a or an y of f i c e r , em p l o y e e , or vo l u n t e e r of Eu r e k a fo r in j u r y to , de a t h of , or da m a g e to th e pr o p e r t y of an y th i r d pe r s o n or pe r s o n s , ar i s i n g fr o m F ar m i n g t o n ’ s pe r f o r m a n c e un d e r th i s co n t r a c t fo r se r v i c e s . Un d e r no ci r c u m s t a n c e s , ho w e v e r , sh a l l Fa r m i n g t o n be re q u i r e d to pa y on be h a l f of it s e l f an d Eu r e k a , an y am o u n t s in ex c e s s of th e li m i t s on li a b i l i t y es t a b l i s h e d in Mi n n e s o t a St a t u t e s , Ch a p t e r 46 6 ap p l i c a b l e to an y on e pa r t y . Th e li m i t s of li a b i l i t y fo r Eu r e k a an d Fa r m i n g t o n ma y no t be ad d e d to g e t h e r to de t e r m i n e th e ma x i m u m am o u n t of li a b i l i t y fo r Fa r m i n g t o n . Th e in t e n t of th i s su b d i v i s i o n is to im p o s e on Fa r m i n g t o n a li m i t e d du t y to de f e n d an d in d e m n i f y Eu r e k a fo r cl a i m s ar i s i n g ou t of th e pe r f o r m a n c e of th i s co n t r a c t su b j e c t to th e li m i t s of li a b i l i t y un d e r Mi n n e s o t a St a t u t e s , Ch a p t e r 46 6 . Th e pu r p o s e of cr e a t i n g th i s du t y to de f e n d an d in d e m n i f y is to si m p l i f y th e de f e n s e of c l a i m s by el i m i n a t i n g co n f l i c t s be t w e e n th e pa r t i e s an d to pe r m i t li a b i l i t y cl a i m s ag a i n s t bo t h pa r t i e s fr o m 6. IN S U R A N C E . Fa r m i n g t o n sh a l l ma i n t a i n ge n e r a l li a b i l i t y in s u r a n c e fo r it s se r v i c e s an d sh a l l in c l u d e Eu r e k a as an ad d i t i o n a l in s u r e d fo r th e te r m of th i s Ag r e e m e n t an d an y ex t e n s i o n s th e r e o f . Fa r m i n g t o n sh a l l ma i n t a i n in s u r a n c e eq u a l to or gr e a t e r th a n th e ma x i m u m li a b i l i t y ap p l i c a b l e to mu n i c i p a l i t i e s as se t fo r t h in Mi n n e s o t a St a t u t e s , Se c t i o n 46 6 . 0 4 , su b d . 1, as am e n d e d . Fa r m i n g t o n sh a l l pr o v i d e Eu r e k a pr o o f of su c h in s u r a n c e co v e r a g e s an d th e ad d i t i o n a l in s u r e d en d o r s e m e n t na m i n g Eu r e k a an n u a l l y by th e an n i v e r s a r y da t e of th i s Ag r e e m e n t . Fa r m i n g t o n sh a l l al s o ma i n t a i n wo r k e r s ’ co m p e n s a t i o n co v e r a g e as re q u i r e d by la w . 7. MI N N E S O T A GO V E R N M E N T DA T A PR A C T I C E S AC T . Al l da t a co l l e c t e d cr e a t e d , re c e i v e d , ma i n t a i n e d , or di s s e m i n a t e d , in an y fo r m , fo r an y pu r p o s e s be c a u s e of th i s 23 0 4 0 2 v 7 Pa g e 4 Page 66 of 352 Ag r e e m e n t is go v e r n e d by th e Mi n n e s o t a Go v e r n m e n t Da t a Pr a c t i c e s Ac t (M i n n e s o t a St a t u t e s , Ch a p t e r 13 an d re l a t e d st a t u t e s ) , as am e n d e d , th e Mi n n e s o t a Ru l e s im p l e m e n t i n g su c h Ac t , as am e n d e d , as we l l as Fe d e r a l Re g u l a t i o n s on da t a pr i v a c y . Th e pe r s o n re s p o n s i b l e fo r re l e a s e of al l da t a un d e r th i s Ag r e e m e n t sh a l l be id e n t i ? e d by ea c h pa r t y . 8. SU B C O N T R A C T I N G AN D AS S I G N M E N T . Fa r m i n g t o n sh a l l no t su b c o n t r a c t or as s i g n an y po r t i o n of th i s Ag r e e m e n t to an o t h e r wi t h o u t pr i o r wr i t t e n pe r m i s s i o n fr o m Eu r e k a . Se r v i c e s pr o v i d e d to Eu r e k a pu r s u a n t to a mu t u a l ai d ag r e e m e n t Fa r m i n g t o n ha s , or ma y en t e r in t o , wi t h an o t h e r en t i t y do e s no t co n s t i t u t e a su b c o n t r a c t or as s i g n m e n t re q u i r i n g pr i o r ap p r o v a l of Eu r e k a so lo n g as Fa r m i n g t o n re m a i n s pr i m a r i l y re s p o n s i b l e fo r pr o v i d i n g ?r e se r v i c e s to th e ar e a of Eu r e k a pr o v i d e d he r e i n . 9. TE R M I N A T I O N . Th i s Ag r e e m e n t ma y be te r m i n a t e d by ei t h e r Fa r m i n g t o n or Eu r e k a by gi v i n g th e ot h e r pa r t y at le a s t on e ye a r ’ s pr i o r wr i t t e n no t i c e of su c h ca n c e l l a t i o n . 10 . FA R M I N G T O N ’ S RE S P O N S I B I L I T I E S . In ad d i t i o n to an y ot h e r ob l i g a t i o n s de s c r i b e d he r e i n , Fa r m i n g t o n sh a l l : A. Au t h o r i z e an d di r e c t th e Fa r m i n g t i o n ?r e de p a r t m e n t to pr o v i d e th e ?r e se r v i c e s de s c r i b e d he r e i n to Eu r e k a ; B. De v e l o p a de t a i l e d an n u a l op e r a t i o n a l bu d g e t fo r th e ?r e de p a r t m e n t fo r ea c h ye a r du r i n g th e te r m of th i s co n t r a c t by th e An n i v e r s a r y Da t e an d pr e s e n t it to Eu r e k a al o n g wi t h su f ? c i e n t in f o r m a t i o n to ex p l a i n th e it e m s in c l u d e d in th e bu d g e t ?g u r e s ; C. Up o n Eu r e k a ’ s re q u e s t , pr o v i d e Eu r e k a ac c e s s to ?n a n c i a l an d co s t da t a re l a t e d to th e ?r e de p a r t m e n t fo r ?v e ye a r s pr i o r to th e cu r r e n t se r v i c e ye a r ; D. Di s c l o s e to Eu r e k a an y pr o p o s e d ac t i o n th e Fa r m i n g t o n or th e ?r e de p a r t m e n t in t e n d s to ta k e th a t ca n re a s o n a b l y be ex p e c t e d to af f e c t th e In s u r a n c e Se r v i c e s Of ? c e Fi r e Pr o t e c t i o n Gr a d e in Eu r e k a or Fa r m i n g t o n ’ s ab i l i t y to pr o v i d e th e ?r e se r v i c e s to Eu r e k a ; an d to co n t r a c t . 11 . EU R E K A ’ S RE S P O N S I B I L I T I E S . In ad d i t i o n to an y ot h e r ob l i g a t i o n s de s c r i b e d he r e i n , Eu r e k a sh a l l : A. Pr o m p t l y pa y Fa r m i n g t o n th e Pa y m e n t Am o u n t as in d i c a t e d ab o v e fo r th e ye a r of se r v i c e , or a pr o r a t e d sh a r e of th e Pa y m e n t Am o u n t fo r th e le n g t h of se r v i c e ac t u a l l y pr o v i d e d if th e co n t r a c t is te r m i n a t e d ea r l y ; 2 3 P a g |5 Page 67 of 352 B. Pr o m p t l y di s c l o s e to Fa r m i n g t o n an y in f o r m a t i o n Eu r e k a ca n re a s o n a b l y an t i c i p a t e wi l l di r e c t l y af f e c t it s ab i l i t y to pe r f o r m it s ob l i g a t i o n s un d e r th i s co n t r a c t . C. Pr e s e n t a bu d g e t an d le v y pr o p o s a l to th e to w n el e c t o r s at ea c h an n u a l to w n me e t i n g du r i n g th e te r m of th i s co n t r a c t se e k i n g au t h o r i t y to le v y fu n d s as ne e d e d to pa y th e “P a y m e n t Am o u n t ” . 12 . AM E N D M E N T . Th i s Ag r e e m e n t ma y be am e n d e d at an y ti m e by th e mu t u a l ag r e e m e n t of th e pa r t i e s . An y su c h am e n d m e n t sh a l l be in wr i t i n g an d wi l l be at t a c h e d to th i s Ag r e e m e n t . 13 . PR I O R I T Y OF RE S P O N S E . Eu r e k a ac k n o w l e d g e s th a t Fa r m i n g t o n ma y en t e r in t o co n t r a c t s wi t h ot h e r go v e r n m e n t a l un i t s or pr i v a t e pa r t i e s to pr o v i d e ?r e pr o t e c t i o n se r v i c e s an d th a t su c h ob l i g a t i o n s ma y im p a c t se r v i c e s . Fa i l u r e to pr o v i d e ?r e se r v i c e s be c a u s e of po o r we a t h e r co n d i t i o n s or ot h e r co n d i t i o n s be y o n d th e co n t r o l of Fa r m i n g t o n sh a l l no t be de e m e d a br e a c h of th i s co n t r a c t . 14 . MI N N E S O T A LA W GO V E R N S . Th i s Ag r e e m e n t sh a l l be go v e r n e d by an d co n s t r u e d in ac c o r d a n c e wi t h th e in t e r n a l la w s of th e St a t e of Mi n n e s o t a . Al l pr o c e e d i n g s re l a t e d to th i s Ag r e e m e n t sh a l l be ve n u e d in Da k o t a Co u n t y , St a t e of Mi n n e s o t a . 15 . SE V E R A B I L I T Y . Th e pr o v i s i o n s of th i s Ag r e e m e n t sh a l l be de e m e d se v e r a b l e . If an y pa r t of th i s Ag r e e m e n t is re n d e r e d vo i d , in v a l i d or ot h e r w i s e un e n f o r c e a b l e , su c h re n d e r i n g sh a l l no t af f e c t th e va l i d i t y an d en f o r c e a b i l i t y of th e re m a i n d e r of th i s Ag r e e m e n t . 16 . NO WA I V E R . No t h i n g he r e i n sh a l l be co n s t r u e d to wa i v e or li m i t an y im m u n i t y fr o m , or li m i t a t i o n on , li a b i l i t y av a i l a b l e to ei t h e r pa r t y , wh e t h e r se t fo r t h in Mi n n e s o t a St a t u t e s , Ch a p t e r 46 6 or ot h e r w i s e . 17 . SE R V I C E CO N T R A C T . Th i s is a se r v i c e co n t r a c t . Th e pa r t i e s do no t in t e n d to un d e r t a k e or cr e a t e , an d no t h i n g he r e i n sh a l l be co n s t r u e d as cr e a t i n g , aj o i n t po w e r s ag r e e m e n t , jo i n t ve n t u r e , or j o i n t en t e r p r i s e be t w e e n th e pa r t i e s . [R e m a i n d e r of pa g e in t e n t i o n a l l y le f t bl a n k . Si g n a t u r e pa g e s fo l l o w . ] 2 3 0 4 P a g 6 Page 68 of 352 Signature Page to Fire Services Agreement CITY OF FARMINGTON By: _____________ _ Joshua Hoyt, Mayor And: --------------Shirley R Buecksler, City Clerk 230402v7 Page 17 Page 69 of 352 Si g n at ur e Pa g e toFi r e Se r v i c e s Ag r e e m e n t E U R E K ATO W N S HI P 2 3 0 4 P a g 8 Page 70 of 352 2- 2 5 - T H SI T I W VE “_ . _ — — - — 2 . 3 5| " F H - S ' T - W G E DA‘ R f A E ‘5>. < Lu 24 0 T H ST W a)w uJ 24 5 T H - S ~ T — W EU R E K A TO W N S H I P DE N M ’ A R K ' A V E GH l P - P - E N D A L - E - A V - E w ' 25 5 - T - H - S - T - W 26 5 ~ T ~ H - S - T — W g i‘EH 3E:<o FA l R G R E E N - A V E Se r v i c e Ar e a = Bo u n d a r y - Eu r e k a To w n s h i p CI T Y OF FA R M I N G T O N “? l?l?l Page 71 of 352 “a ww w . m n 5d e mo m ? m ww w . m t ww w . m o w nm o d m w mw ? w n mm m d o Ni ? w 9 _‘ . m m wm m d m r ww w . m m r «5 0 6 0 — . mo o d ? ww w . m r m on m d m mm ? w w mm N N E ‘ nn m d m w mm v d w mm m d w mo m . rm w @5 0 6 9 mN N d e ww w . m m w ov ? n o w om m ? : 05 . 0 : ww w . m v mK N J u m NF _‘ . m o me K w n_ < o . _ . m_ 4 m < x < . _ . ._ < . 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VN O N N E N O ”E m a 3 he 5 $3 $9 8 ”. 8 5 3 2 8. . 00 0 3 5 . ? 6: 5 2 to a m m Page 73 of 352 REGULAR COUNCIL AGENDA MEMO To: Mayor, Councilmembers and City Administrator From: Julie Flaten, Asst City Admin/HR Director Department: HR Subject: Staff Changes and Recommendations Meeting: Regular Council - Jul 01 2024 INTRODUCTION: Approve the appointment of Joshua Kampe, Kristopher Janke, Justin Kelly, Tabatha Lillie, and Chase Pankow as Paid-on-Call Firefighters. Also approve the appointment of Bradyn Willford as a Police Officer and Benjamin Humlie as a Natural Resources Specialist. DISCUSSION: The Fire Department conducts an annual recruitment process which begins in January. This process is extensive and includes candidate informational meetings for both the candidates and their families, a written knowledge test, interviews, a physical work performance test, drug screening and background check. All of these steps are done intentionally to recruit and prepare candidates for the time and training commitment that is required to become a Firefighter in Farmington. We are excited to invite five new Firefighters to join TEAM Farmington! They will begin their training on July 15th. Bradyn Willford has been selected to serve as a Police Officer. Bradyn has served as a Police Officer in Goodhue, Minnesota, since 2022. He is also an Emergency Medical Responder. We are excited to have Bradyn join us. Staff is also recommending the appointment of Benjamin Humlie to the position of Natural Resources Specialist. Benjamin has spent the past 10 years working for Dakota County where he worked on natural resource restoration projects, tree identification and maintenance, supervised work crews, and wrote grants. Ben will join our team on August 7th. BUDGET IMPACT: Wages are included in the 2024 budget. ACTION REQUESTED: Approve the appointment of Joshua Kampe, Kristopher Janke, Justin Kelly, Tabatha Lillie, and Chase Pankow as Paid-on-Call Firefighters. Also approve the appointment of Bradyn Willford as a Police Officer and Benjamin Humlie as a Natural Resources Specialist. Page 74 of 352 REGULAR COUNCIL AGENDA MEMO To: Mayor, Councilmembers and City Administrator From: Kellee Omlid, Parks & Recreation Director Department: Parks & Recreation Subject: Agreement with Rose Music Services for Solo Acoustic Live-Looping Performance Meeting: Regular Council - Jul 01 2024 INTRODUCTION: The Parks and Recreation Department hosts four music in the park events. DISCUSSION: Vinnie Rose will be performing at one of the music in the park events. His solo acoustic performance will be Wednesday, July 31, at 7 pm at Rambling River Park. Rose Music Services will be providing a guitar and singing microphone with amplification system. The agreement is attached. Mr. Rose has successfully provided music performances for Parks and Recreation in the past and is great to work with. The City Attorney reviewed the attached agreement and found it to be acceptable. BUDGET IMPACT: The cost for the services Rose Music Services will be providing is $400. The cost for the performance services will be funded through generous donations from sponsors including Castle Rock Banks, Hobo, Premier Banks, The Legacy, and VFW Post 7662. ACTION REQUESTED: Approve the attached agreement with Rose Music Services to provide a guitar and singing microphone with amplification to perform a solo acoustic life-looping performance at Rambling River Park on July 31, 2024. ATTACHMENTS: Agreement with Rose Music Services Page 75 of 352 INDEPENDENT CONTRACTOR AGREEMENT AGREEMENT made this 1st day of July, 2024, by and between the CITY OF FARMINGTON, a Minnesota municipal corporation ("City") and ROSE MUSIC SERVICES, a Minnesota Company ("Contractor"). The City and the Contractor are referred to herein individually as a “Party” and collectively as the “Parties.” 1.PURPOSE. The purpose of this agreement is to set forth the terms and conditions under which the Contractor will provide certain services to the City. 2.SERVICES TO BE PERFORMED. The Contractor shall perform the work (the “Services) as described in Exhibit A to this Agreement which is incorporated herein by reference. a.The Contractor shall not enter into any subcontracts for Services provided under this Agreement without the express written consent of the City. b.This Agreement shall not preclude the City from engaging any other person or entity to perform the Services, nor shall this Agreement preclude Contractor from providing similar or related services for any other entity. c.The Contractor agrees to comply with all federal, state, and local laws and ordinances applicable to the Services to be performed under this Agreement, including all safety standards. The Contractor shall be solely and completely responsible for conditions of the job site, including the safety of all persons and property during the performance of the Services. The Contractor represents and warrants that it has the requisite training, skills, and experience necessary to provide the Services and is appropriately licensed by all applicable agencies and governmental entities and will perform the Services with reasonable care and skill. d.The Contractor shall exercise the same degree of care, skill, and diligence in the performance of the Services as is ordinarily possessed and exercised by a contractor under similar circumstances. e.The Contractor shall retain control over its employees, agents, servants, and subcontractors, as well as control over its invitees, and its activities on and about the subject premises and the manner in which such activities shall be undertaken and to that end, the Contractor shall not be deemed to be an agent of the City. f.The Contractor shall not perform any additional Services without the express written permission of the City. The City will not pay additional compensation for Services that do not have prior written authorization. g.Claims for services furnished by the Contractor not specifically provided for herein shall not be honored by the City. 3.TERM. This Agreement shall be effective on the date hereof and shall continue, unless terminated sooner in accordance with the terms of this Agreement, until the Completion Date. Page 76 of 352 a.Start date: The Contractor shall commence the provision of Services on: Wednesday, July 31, 2024 at 7 p.m. b.Completion Date: The Contractor shall complete the Services by Wednesday, July 31, 2024 at 8 p.m. c.The City may terminate this Agreement for convenience at any time. Termination shall be effective upon ten (10) days’ written notice to the Contractor. 4.COMPENSATION. As consideration for the provision of the Services, the City agrees to pay the Contractor as follows: a flat fee of $400. a.The Contractor shall submit a detailed written invoice to the City upon completion of the Services. b.Each invoice shall include in detail the hours worked and a description of the Services performed. c.The City shall pay the invoice within 35 days of receipt. d.If the City objects to all or any portion of any invoice, the City shall notify the Contractor of the dispute with ten (10) days from the date of receipt and shall pay that portion of the invoice not in dispute. 5.INDEPENDENT CONTRACTOR RELATIONSHIP. It is expressly understood that the Contractor is an “independent contractor” and not an employee of the City. The Contractor shall have control over the manner in which the Services are performed under this Agreement. The Contractor shall supply, at its own expense, all materials, supplies, equipment and tools required to accomplish the Services contemplated by this Agreement. The Contractor shall not be entitled to any benefits from the City, including, without limitation, insurance benefits, sick and vacation leave, workers’ compensation benefits, unemployment compensation, disability, severance pay, or retirement benefits. Nothing in this Agreement shall be deemed to constitute a partnership, joint venture or agency relationship between the Parties. 6.INDEMNIFICATION. To the fullest extent permitted by law, the Contractor agrees to defend, indemnify and hold harmless the City, and its employees, officials, and agents from and against all claims, actions, damages, losses and expenses, including reasonable attorney fees, arising out of the Contractor’s negligence or the Contractor’s performance or failure to perform its obligations under this Agreement. The Contractor’s indemnification obligation shall apply to the Contractor’s subcontractor(s), or anyone directly or indirectly employed or hired by the Contractor, or anyone for whose acts the Contractor may be liable. The Contractor agrees this indemnity obligation shall survive the completion or termination of this Agreement. 7.DOCUMENTS. All reports, plans, models, software, diagrams, analyses, and information generated in connection with performance of this Agreement shall be the property of the City. The City may use the information for its purposes. The City shall be the copyright owner. The vesting of the City’s ownership of the copyright in materials created by the Contractor shall be contingent upon the City’s fulfillment of its payment obligations hereunder. The Contractor shall be allowed to use a description of the services provided hereunder, including Page 77 of 352 the name of the City, and photographs or renderings of any projects which develop from the planning or other services provided by the Contractor, in the normal course of its marketing activities. 8.GENERAL PROVISIONS. a.Entire Agreement. This Agreement supersedes any prior or contemporaneous representations or agreements, whether written or oral, between the Parties and contains the entire agreement. b.Assignment. The Contractor may not assign this Agreement to any other person unless written consent is obtained from the City. c.Amendments. Any modification or amendment to this Agreement shall require a written agreement signed by both Parties. d.Prompt Payment of Subcontractors. Pursuant to Minn. Stat. § 471.425, subd. 4a, the Contractor must pay any subcontractor within ten (10) days of the Contractor’s receipt of payment from the City for undisputed services provided by the subcontractor. The Contractor must pay interest of one and one-half percent (1½ %) per month or any part of a month to subcontractor on any undisputed amount not paid on time to the subcontractor. The minimum monthly interest penalty payment for an unpaid balance of $100.00 or more is $10.00. For an unpaid balance of less than $100.00, Contractor shall pay the actual penalty due to the subcontractor. A subcontractor who prevails in a civil action to collect interest penalties from Contractor shall be awarded its costs and disbursements, including attorney’s fees, incurred in bringing the action. e.Nondiscrimination. In the hiring of employees to perform work under this Agreement, the Contractor shall not discriminate against any person by reason of any characteristic or classification protected by state or federal law. f.Governing Law. This Agreement shall be governed by and interpreted in accordance with the laws of the State of Minnesota. All proceedings related to this Agreement shall be venued in Dakota County, Minnesota. g.Ownership of Documents. All reports, plans, specifications, data, maps, and other documents produced by the Contractor in the performance of Services under this Agreement shall be the property of the City. The City may use such information for its purposes. The City shall be the copyright owner. h.Government Data/Privacy. The Contractor agrees to abide by the applicable provisions of the Minnesota Government Data Practices Act, Minnesota Statues, Chapter 13, and all other applicable state or federal rules, regulations or orders pertaining to privacy or confidentiality. The Contractor understands that all of the data created, collected, received, stored, used, maintained or disseminated by the Contractor in performing those functions that the City would perform is subject to the requirements of Chapter 13, and the Contractor must comply with those requirements as if it were a government entity. This does not create a duty on the part of the Contractor to provide the public with access to public data if the public data is available from the City, except as required by the terms of this Agreement. Page 78 of 352 i.Records. Contractor shall maintain complete and accurate records of time and expense involved in the performance of services. j.Audits. Pursuant to Minn. Stat. Section 16C.05, subd. 5, the Contractor’s books, records, documents, and accounting procedures and practices that are relevant to this Agreement, are subject to examination by the City and either the Legislative Auditor or the State Auditor for a minimum of six years from the end of this Agreement. k.Waiver. The waiver by either party of any breach or failure to comply with any provision of this Agreement by the other Party shall not be construed as, or constitute a continuing waiver of such provision or a waiver of any other breach of or failure to comply with any other provision of this Agreement. l.Third Party Reliance. This Agreement is intended for the mutual benefit of Parties hereto and no third-party rights are intended or implied. m.Notices. All notices and other communications pursuant to this Agreement must be delivered via email or delivered by registered or certified mail, postage prepaid, or delivered by hand at the addresses set forth below: Notice to City: Kellee Omlid, Parks and Recreation Director komlid@farmingtonmn.gov 430 Third Street, Farmington, MN 55024 Notice to Contractor: Vinnie Rose, Owner / Performer 5091 Eastwood Rd. Mounds View, MN 55112 n.Force Majeure. Except for payment of sums due, neither Party shall be liable to the other or deemed in default under this Agreement, if and to the extent that Party’s performance is prevented by reason of force majeure. “Force majeure” includes war, an act of terrorism, a pandemic or epidemic, fire, earthquake, flood and other circumstances which are beyond the control and without the fault or negligence of the Party affected and which by the exercise of reasonable diligence the Party affected was unable to prevent. o.Savings Clause. If any court finds any portion of this Agreement to be contrary to law, invalid, or unenforceable, the remainder of the Agreement will remain in full force and effect. p.Counterparts. This Agreement may be signed in counterparts, each of which shall be deemed an original, and which taken together shall be deemed to be one and the same document. Page 79 of 352 IN WITNESS WHEREOF, the Parties, have caused this Agreement to be approved on the date above. Dated: July 1, 2024. CITY OF FARMINGTON BY: _______________________________________ Joshua Hoyt, Mayor AND Shirley R Buecksler, City Clerk Dated: _____6/13__________, 2024. CONTRACTOR: ROSE MUSIC SERVICES BY: Owner/Performer Vincent Rose Page 80 of 352 _________________________________________________________________ __________________________ ___________________________________ Preformance Type Vinnie Rose—Solo Acoustic Live-Looping Date Wednesday, July 31st, 2024 Location Time of Day 7-8pm Compensation $400 Other Notes: Contract of Professional Services This document confirms the agreement between Rose Music Services and City of Farmington, MN Rose Music Services agrees to perform music as presented: Rambling River Park—Farmington, MN Page 1 of 3 Exhibit A Page 81 of 352 Service provisions:1. guitar and singing microphone with amplification system proivded. 2. event lighting is NOT included in this package. Terms and Conditions:1. One 10 minute break on the hour for events longer than 1 hour. 2. AC outlet within 50ft of stage or performing area. 3. The event holder will be liable for any injuries and/or property damaged or destroyed at the performance location due to faulty performance area conditions or patron carelessness. 4. All compensation to be transacted BEFORE commencement of musical performance. 5. Substitute musicians may be used in situations of family emergency, illness or other emergency like situations with mutual agreement of both parties. 6. Any specific song requests must be submitted in writing via email at least 1 month prior to the event date. All song requests are subject to Vinnie Rose approval. 7.Outdoor events - a tent/overhead tarp/canopy or other rain/sun proof measure must be provided by event holder for all outdoors events. If event holder is unable to provide such measure(s) an upcharge of $75 will be applied to the final balance for tent rental/and or set-up by Vinnie Rose regardless if tent is deployed/not deployed on day of event. Vinnie Rose will not perform in, inclement or severe weather conditions. Inclement/severe weather will be decided at the sole discretion of Vinnie Rose. 7.A - Vinnie Rose agrees to perform outdoor weather when the temprature is 55 degrees or above unless other arrangements to compensate for cold weather are made an approved by Vinnie. There are no refunds if client choose to cancel an event due to cold weather. 8. Client may request to have Vinnie Rose arrive for an early setup. Requests are subject to Vinnie Rose approval. An early set-up fee may apply ($50/hr.). 9.Meals to be provided by event holder for Vinnie Rose, and any addl. contracted musicians if playing over the dinner hours. Cancellations/ Future Enguagements: 1. No penalty for cancelation 90 calendar days prior to event date. 2. Any cancelation within 90 days of the event full payment is due to Vinnie Rose 3. In the event of rain or incliment weather the event holder will notify Vinnie Rose if an alternate indoor location will be provided. Full payment due in the event the event holder cancels the performace outright due to inclement weather. 4. There are no refunds for cancelations due to Corona Virus/pandemic related issues Page 2 of 3 Page 82 of 352 City of Farmington _______________________________________________ (Vinnie Rose/Rose Music Services) _______________________________________________ (Signature) _______________________________________________ (date) *please make checks payable to ‘Rose Music Services’ Rose Music Services 5091 Eastwood Rd. Mounds View, MN 55112 Phone: 612-432-4479 vincentkrose@hotmail.com Page 3 of 3 ___________________________________ July 1, 2024 Kellee Omlid, Parks & Recreation Director City of Farmington 430 Third Street Farmington, MN 55024 Phone: 651-280-6851 KOmlid@FarmingtonMN.gov Page 83 of 352 REGULAR COUNCIL AGENDA MEMO To: Mayor, Councilmembers and City Administrator From: Kellee Omlid, Parks & Recreation Director Department: Parks & Recreation Subject: Donation of Gift Cards and Water Bottles from Twin Cities Running Company to the Dew Run Meeting: Regular Council - Jul 01 2024 INTRODUCTION: A donation of gift cards and water bottles for the 44th Annual Dew Run was received from Twin Cities Running Company in Burnsville. DISCUSSION: Twin Cities Running Company recently donated $840 in gift cards and 12 water bottles for the Dew Run. The gift cards and water bottles were prizes for the first-place winners in varying age brackets for men and women in the 1-mile and 4-mile races. The 2024 Dew Run was held on Saturday, June 22, and included a 1-mile race, ½ mile jr. jog, and 4-mile race. One hundred thirteen people participated in the 1 and 4-mile races. Staff will communicate the City’s appreciation on behalf of the City Council to Twin Cities Running Company for this generous donation. ACTION REQUESTED: Adopt Resolution 2024-58 Accepting a Donation of Gift Cards and Water Bottles to the Dew Run from Twin Cities Running Company. ATTACHMENTS: 2024-58 Accepting Donation from Twin Cities Running Company Page 84 of 352 CITY OF FARMINGTON DAKOTA COUNTY, MINNESOTA RESOLUTION 2024-58 A RESOLUTION ACCEPTING A DONATION OF GIFT CARDS AND WATER BOTTLES TO THE DEW RUN FROM TWIN CITIES RUNNING COMPANY WHEREAS, the City of Farmington is generally authorized to accept donations of real and personal property pursuant to Minnesota Statutes Section 465.03 for the benefit of its citizens and is specifically authorized to accept gifts, as allowed by law; and WHEREAS, the following persons and entities have offered to contribute to the City: Twin Cities Running Company has donated $840 in gift cards and 12 water bottles; and WHEREAS, it is in the best interest of the City to accept this donation. NOW, THEREFORE, BE IT RESOLVED that Mayor Hoyt and the Farmington City Council hereby accept with gratitude the generous donation of $840 in gift cards and 12 water bottles from Twin Cities Running Company. Adopted by the City Council of the City of Farmington, Minnesota, this 1st day of July 2024. ATTEST: ____________________________ ______________________________ Joshua Hoyt, Mayor Shirley R Buecksler, City Clerk Page 85 of 352 REGULAR COUNCIL AGENDA MEMO To: Mayor, Councilmembers and City Administrator From: Jim Constantineau, Deputy Police Chief Department: Police Subject: Amendment to the Criminal Justice Network Joint Powers Agreement Meeting: Regular Council - Jul 01 2024 INTRODUCTION: In 2021, the City Council approved the Joint Powers Agreement (JPA) creating the Criminal Justice Network (CJN). Due to the addition of another City joining CJN, the original JPA must be amended. DISCUSSION: CJN became a Joint Powers Organization in January 2022, after over 20 years as a department of Dakota County. During the last two years, CJN has been able to be more nimble and embarked on a project to create a new Records Management System (RMS). The CJN Executive Director had contact with the Chief of Police in Plymouth and learned that they too needed a new RMS. After several months of discussion, the CJN Board, made up of members from the CJN JPA (the Cities of Burnsville, Farmington, Hastings, Inver Grove Heights, Mendota Heights, Rosemount, South St. Paul, West St. Paul, Dakota County, and the Dakota County Sheriff’s Office) agreed to have the City of Plymouth join the CJN JPA as a full member. Adding this additional City requires the original JPA be amended. Plymouth’s contributions to the RMS project, as well as their ongoing contributions, are outlined in the amendment. The amendment does not extend the JPA beyond the initial term ending in 2026. BUDGET IMPACT: The addition of Plymouth to the CJN JPA does not change the contributions required of the City of Farmington. It should be noted that CJN was awarded a federal grant of $963,000 to be used toward the completion of the RMS project. The grant, cash already on hand in the CJN RMS development budget, and the contribution of Plymouth is projected to be adequate to fully fund the project. ACTION REQUESTED: Adopt Resolution 2024-49 Approving an Amendment to the Criminal Justice Network Joint Powers Agreement. ATTACHMENTS: Res 2024-49 Amendment to CJN JPA KS24-75 C0034292.1_CJN JPA_1st amendment w signature pages Page 86 of 352 Page 87 of 352 CITY OF FARMINGTON DAKOTA COUNTY, MINNESOTA RESOLUTION 2024-49 A RESOLUTION APPROVING AN AMENDMENT TO THE CRIMINAL JUSTICE NETWORK JOINT POWERS AGREEMENT WHEREAS, the City of Farmington is a member of the Criminal Justice Network Joint Powers Agreement (“JPA”); and WHEREAS, the JPA was initially approved by the City Council on September 20, 2021; and WHEREAS, the City of Plymouth is joining the Criminal Justice Network JPA, requiring an amendment to the original JPA. NOW, THEREFORE, BE IT RESOLVED, that Farmington Mayor and City Council hereby approve the amendment to the Criminal Justice Network Joint Powers Agreement. Adopted by the City Council of the City of Farmington, Minnesota, this 1st day of July 2024. ATTEST: ____________________________ ______________________________ Joshua Hoyt, Mayor Shirley R Buecksler, City Clerk Page 88 of 352 Dakota Contract # C0034292.1 Page 1 of 11 First Amendment to the Joint Powers Agreement Establishing the Criminal Justice Network WHEREAS, effective on January 1, 2022, the County of Dakota, the City of Burnsville, the City of Farmington, the City of Hastings, the City of Inver Grove Heights, the City of Mendota Heights, the City of Rosemount, the City of South St. Paul, and the City of West St. Paul (“Initial Members”) entered into a five-year joint powers agreement (“Agreement”) forming the Criminal Justice Network, a MN joint powers organization, (“CJN” or “CJN Board”); and WHEREAS, the Initial Members desire to amend the Agreement to amend the CJN annual budget funding structure in fiscal year 2026 and correct a scrivener’s error in the Agreement to correctly reflect an Initial Term of five years; and WHEREAS, the Initial Members desire to amend the Agreement to add the City of Plymouth as a party to the Agreement and Member of the CJN Board, subject to the conditions contained herein; and WHEREAS, the Agreement provides that the Agreement may be amended at any time by agreement of all Members. ACCORDINGLY, in consideration of the mutual promises contained herein, the Initial Members and City of Plymouth agree to amend the Agreement (“First Amendment”) as follows: 1. Effective upon the last required signature to this First Amendment, the City of Plymouth is a Member of the CJN Board and a party to the Agreement, as amended herein, and accepts the terms and conditions thereof, including any conditions specific to the City of Plymouth. 2. Article 3 (Term and Effective Date) of the Agreement is deleted in its entirety and replaced with the following: “This Agreement is effective, and the joint powers entity is established, on January 1, 2022, referred to herein as the Effective Date, and shall continue until December 31, 2026, or until terminated as provided in Article 10 or as required by law or court order (“Initial Term”). 3. Article 8 (Budget and Financing) of the Agreement is amended as follows: 3.1. Section 8.3 paragraph B. of the Agreement is deleted in its entirety and replaced with the following: “B. From the Date of Execution through the end of fiscal year 2025, the CJN annual budget (Total Membership Fees) will be comprised of a minimum of two funding components: Operations and Records Management System (RMS). Section 8.3. paragraphs C. and D. are only applicable through the end of fiscal year 2025 for the Initial Members. Beginning in fiscal year 2026, the CJN annual budget (Total Membership Fees) will be comprised of a minimum of two funding components: Operations and Future Development, as described in Section 8.3 paragraph G. Section 8.3 paragraphs C. and D. shall not apply to any Member after the beginning of fiscal year 2026. During the Initial Term, the County will contribute a fixed annual subsidy in the amount of $472,642.00, which shall constitute the County’s annual Total Membership Fees, except for Membership Fees assessed to the Dakota County Sheriff’s Office pursuant to this section. There will be no annual adjustment of the subsidy amount.” 3.2. New paragraph G. is added to Section 8.3 of the Agreement, as follows: “G. Beginning in fiscal year 2026, the Members shall contribute to the Operations fund and the Future Development fund as described herein. 1. The Members will contribute to the Operations fund as follows: (a) 50% of the budgetary formula will be based on the population of the geographical areas for which it provides law enforcement services. For fiscal year 2026, the population will be determined as of January 1, 2025. For purposes of this paragraph, the geographical area for which the Sheriff’s Office provides law enforcement services means that area Page 89 of 352 Dakota Contract # C0034292.1 Page 2 of 11 outside the boundaries of all cities located within Dakota County, but includes the areas within certain city boundaries that are patrolled by the Sheriff’s Office; and (a) the other 50% of the budgetary formula will be based upon the proportional total number of the users determined as of January 1 of the previous fiscal year. 2. The Members will contribute a fixed annual amount of $3,500 for the Future Development Fund.” 3.4 New Section 8.9 is added to Article 8 of the Agreement, as follows: “8.9 City of Plymouth RMS Project Contribution. The City of Plymouth shall contribute Four Hundred Thousand Dollars ($400,000) to the CJN Board toward the design and build of a new law enforcement records management system (“RMS Project”), which does not include any costs the City of Plymouth may incur for data conversion. The City of Plymouth will be responsible for this contribution as follows: A. The City of Plymouth will contribute 50% of the total invoices due from CJN for any contract related to the RMS Project, except for CJN Contract # DCA21380 with GTEL Advisors, LLC for database design and user interfaces. B. CJN commits to the City of Plymouth that the first contract related to the RMS Project for which the City of Plymouth will be required to contribute such funds will be entered into between CJN and GTEL Advisors LLC (“First Contract”), and that the RMS Project will include integration of computer aided dispatch and citation information for Hennepin County law enforcement agencies into the records management system. C. After the First Contract, the City of Plymouth will be required to contribute its 50% contribution for any CJN contract related to the RMS Project. D. Notwithstanding anything to the contrary in the Agreement or this First Amendment, the City of Plymouth is not obligated to contribute Membership Fees until January 1, 2026, or the go-live date of the records management system, whichever date is later.” 4. All other terms of the Agreement shall remain in force and effect unless otherwise amended in accordance with the terms of the Agreement. In Witness Whereof, the Initial Members and City of Plymouth have executed this First Amendment to the Agreement on the dates indicated below. COUNTY OF DAKOTA, MINNESOTA By______________________________ Its ______________________________ Date ____________________________ Approved as to form ________________________________ Assistant County Attorney Date File No. KS-24-75 Page 90 of 352 Dakota Contract # C0034292.1 Page 3 of 11 CITY OF BURNSVILLE, MINNESOTA By: ______________________________ Its: ______________________________ Date: ____________________________ Page 91 of 352 Dakota Contract # C0034292.1 Page 4 of 11 CITY OF FARMINGTON, MINNESOTA By: ______________________________ Its: ______________________________ Date: ____________________________ Page 92 of 352 Dakota Contract # C0034292.1 Page 5 of 11 CITY OF HASTINGS, MINNESOTA By: ______________________________ Its: ______________________________ Date: ____________________________ Page 93 of 352 Dakota Contract # C0034292.1 Page 6 of 11 CITY OF INVER GROVE HEIGHTS, MINNESOTA By: ______________________________ Its: ______________________________ Date: ____________________________ Page 94 of 352 Dakota Contract # C0034292.1 Page 7 of 11 CITY OF MENDOTA HEIGHTS, MINNESOTA By: ______________________________ Its: ______________________________ Date: ____________________________ Page 95 of 352 Dakota Contract # C0034292.1 Page 8 of 11 CITY OF PLYMOUTH, MINNESOTA By: ______________________________ Its: ______________________________ Date: ____________________________ Page 96 of 352 Dakota Contract # C0034292.1 Page 9 of 11 CITY OF ROSEMOUNT, MINNESOTA By: ______________________________ Its: ______________________________ Date: ____________________________ Page 97 of 352 Dakota Contract # C0034292.1 Page 10 of 11 CITY OF SOUTH ST. PAUL, MINNESOTA By: ______________________________ Its: ______________________________ Date: ____________________________ Page 98 of 352 Dakota Contract # C0034292.1 Page 11 of 11 CITY OF WEST ST. PAUL, MINNESOTA By: ______________________________ Its: ______________________________ Date: ____________________________ Page 99 of 352 REGULAR COUNCIL AGENDA MEMO To: Mayor, Councilmembers and City Administrator From: Leah Koch, City Attorney Department: City Attorney Subject: Cannabis Business Moratorium Meeting: Regular Council - Jul 01 2024 INTRODUCTION: Attached for your review and consideration is a moratorium prohibiting the establishment and operation of cannabis businesses until January 1, 2025. DISCUSSION: In 2023, the Minnesota legislature passed a cannabis law which permits personal possession and consumption of cannabis, while also establishing the groundwork for the eventual cannabis market in Minnesota. This emerging market encompasses many kinds of cannabis business types spanning the entire supply chain, from cultivation to retail. The 2023 cannabis bill gave municipalities the opportunity to regulate, restrict, or prohibit the operation of a cannabis business within the jurisdiction until January 1, 2025, through a moratorium otherwise known as an interim ordinance. Minnesota Statute section 342.13(e). In 2023 and early 2024, the Office of Cannabis Management (OCM) publicly conveyed that no cannabis business licenses would be issued until 2025. Previously, City Staff felt there was no need to implement such a moratorium because OCM would not be issuing licenses prior to 2025 anyways. However, the cannabis law was modified by the legislature in 2024 with both technical and substantive revisions. One substantive revision is that the OCM is now authorized to issue early cultivation licenses so growers can begin producing cannabis in 2024. In light of this new information, Staff now feels it is appropriate to implement the moratorium prohibiting the operation of all cannabis businesses until January 1, 2025, to protect the planning process and allow Staff to continue researching the issues and creating recommendations regarding where cannabis businesses operate in the City. BUDGET IMPACT: Not applicable ACTION REQUESTED: Approve the passage of Ordinance 2024-06, An Interim Ordinance Prohibiting the Operation of Page 100 of 352 Cannabis Businesses. ATTACHMENTS: Ord 2024-06 Interim Ordinance Prohibiting the Operation of Cannabis Businesses Page 101 of 352 231214v3 CITY OF FARMINGTON DAKOTA COUNTY, MINNESOTA ORDINANCE 2024-06 AN INTERIM ORDINANCE PROHIBITING THE OPERATION OF CANNABIS BUSINESSES The City Council of the City of Farmington does ordain: SECTION 1. BACKGROUND. 1. By enacting 2023 Session Laws Chapter 63, the Minnesota Legislature enacted Minnesota Statute Chapter 342, legalizing adult-use cannabis and permitting the operation of cannabis businesses and the sale of cannabis flower and cannabis products for human consumption. This law creates a new agency, the Office of Cannabis Management, to regulate the sales of cannabis products. 2. Chapter 342 also establishes new regulations for the sale of lower-potency hemp products containing THC. 3. The law does enact some requirements for production, labeling and testing, and sale of cannabis and hemp products at the state government level. However, the new law creates uncertainty that will need to be resolved by the passage of further regulations by the Office. 4. The new law establishes that the sale of cannabis- and THC-containing products are still subject to local planning and zoning restrictions and must comply with local zoning code. The new law provides no guidance on how cities are to zone the new businesses, leaving it to local control. 5. Chapter 342 was modified in 2024 through the enactment of 2024 Session Laws Chapter 121 which explicitly authorized the early cultivation of cannabis plants. The Office of Cannabis Management is anticipated to authorize such operations in 2024. 6. Pursuant to Minnesota Statute 342.13(e), a unit of local government may adopt an interim ordinance to protect the planning process and the health, safety, and welfare of its citizens. Prior to adopting the interim ordinance, the governing body must hold a public hearing on the topic. The interim ordinance may regulate, restrict, or prohibit the operation of any cannabis business within the local government’s jurisdiction until January 1, 2025. SECTION 2. FINDINGS. 1. The City Council finds there is a need to study cannabis products and the uses and businesses related thereto, in order to assess the necessity for and efficacy of regulation Page 102 of 352 Ordinance 2024-06 Page 2 of 3 231214v3 and restrictions relating to the sales, testing, manufacturing, and distribution of cannabis products, including through zoning ordinances, in order to protect the public health, safety, and welfares of its residents. 2. The study will allow the City Council to determine the appropriate changes, if any, that it should make to City ordinances. 3. The study was discussed before the City Council at a public hearing held on July 1, 2024. 4. After considering the information available to it, including the testimony of members of the public at the public hearing convened for that purpose, the City Council finds that there is a need to adopt a City-wide moratorium on the operation of any Cannabis Business within the City while Staff studies the issue. SECTION 3. MORATORIUM. 1. No individual, establishment, organization, or other entity may open or operate any cannabis business within the City until January 1, 2025. 2. Planning or zoning applications related to cannabis products or applications from individuals, establishments, organizations, or businesses involved in the proposed sale, testing, manufacturing, or distribution of cannabis products within the City of Farmington shall not be accepted or considered while the moratorium is in effect 3. This moratorium does not apply to the selling, testing, manufacturing, or distributing of THC Products related to the Medical Cannabis Program as administered by the Minnesota Department of Health, provided that such activity is done in accordance with the regulations and laws of Minnesota regarding Medical Cannabis. SECTION 4. STUDY. The City Council directs City Staff to study the need for local regulation regarding the sale, testing, manufacturing, or distribution of cannabis products and the operation of Cannabis Businesses within the City of Farmington. Staff must also study the need for creating or amending zoning ordinances or any other ordinances to protect the citizens of Farmington from any potential negative impacts of cannabis products or cannabis businesses. Upon completion of the study, the City Council, together with such commission as the City Council deems appropriate or, as may be required by law, will consider the advisability of adopting new ordinances or amending its current ordinances. SECTION 5. ENFORCEMENT. The City may enforce this Ordinance by mandamus, injunctive relief, or other appropriate civil remedy in any court of competent jurisdiction. The City Council hereby authorizes the City Administrator, in consultation with the City Attorney, to initiate any legal action deemed necessary to secure compliance with this Ordinance. A violation of this Ordinance is also subject to the City’s general penalty in City Code, Section 1-4. Page 103 of 352 Ordinance 2024-06 Page 3 of 3 231214v3 SECTION 6. TERM. Unless rescinded earlier by the City Council, the moratorium established under this Ordinance shall remain in effect until January 1, 2025, at which point, it will automatically expire. SECTION 7. SUMMARY PUBLICATION. Because of the lengthy nature of this Ordinance, the following summary ordinance has been prepared for publication. The City Council directs the City Clerk to publish only the title and a summary of this ordinance as follows: AN INTERIM ORDINANCE PROHIBITING THE OPERATION OF CANNABIS BUSINESSES This Ordinance places a moratorium on the establishment or operation of cannabis businesses in the City of Farmington until January 1, 2025. During the moratorium the City will study potential new regulations related to the performance standards and location of cannabis business operations within the City. A printed copy of the ordinance, in its entirety, is available for inspection by any person during the City’s regular office hours at the office of City Hall, 430 Third Street, Farmington, Minnesota 55024. SECTION 8. EFFECTIVE DATE. This ordinance shall be in full force and effect immediately upon its passage and publication according to law. Passed by the City Council of the City of Farmington, Minnesota, this 1st day of July 2024. ATTEST: ____________________________ ______________________________ Joshua Hoyt, Mayor Shirley R Buecksler, City Clerk Page 104 of 352 REGULAR COUNCIL AGENDA MEMO To: Mayor, Councilmembers and City Administrator From: Kim Sommerland, Finance Director Department: Finance Subject: 2023 Annual Comprehensive Financial Report and Related Audit Reports Meeting: Regular Council - Jul 01 2024 INTRODUCTION: As required by Minnesota law, the City's financial records are audited by an independent public accounting firm each year. The goal of an independent audit is to provide reasonable assurance that and financial The presented. accurately analyses statements financial City's the are management reports done in conjunction with the annual audit function as early warning system for identifying potential future financial issues. Upon completion of the audit, the auditors deliver their opinion, discuss their management report with the City Council, and the City releases an Annual Comprehensive Financial Report (ACFR). This report aims to furnish the City Council, Staff, citizens, investors, and other stakeholders with valuable insights to the City's operations and financial position. Annual audit results must be provided to the Minnesota Office of the State Auditor by the end of June each year. DISCUSSION: The City of Farmington assumes full responsibility for the completeness, accuracy, and reliability of the information presented in the attached ACFR. To provide a reasonable basis for making these representations, is that framework internal has a established management comprehensive designed both to protect the government’s assets from loss, theft or misuse, and to compile sufficient, reliable information for the preparation of the City’s financial statements in conformity with Generally Accepted Accounting Principles (GAAP). Because the cost of internal controls should not outweigh their benefits, the City’s comprehensive framework of internal control has been designed to provide reasonable, rather than absolute, assurance that the financial statements will be free from material misstatement. As management, we assert that, to the best of our knowledge and belief, the financial report is complete and reliable in all material respects; that it is presented in a manner designed to fairly set forth the financial position and results of operations of the City of Farmington as measured by the financial activity of its various funds; and that all disclosures necessary to enable the reader to gain the maximum understanding of the City’s financial affairs have been included. The City's financial records have been audited by Malloy, Montague, Karnowski, Radosevich & Co., P.A. (MMKR). Based upon their audit, they concluded there was a reasonable basis for rendering an unmodified (‘clean’) opinion that the City of Farmington’s financial statements for the fiscal year ended December 31, 2023 are fairly presented in conformity with GAAP. An unmodified opinion is Page 105 of 352 issued when the auditor assesses that the financial statements are true and fair, with no material misstatements. The auditors did identify a compliance issue with Minnesota’s contracting and bidding requirements for one particular contract. A summary of the 2023 audit, including the auditor’s opinion and finding, can be found in the attached Management Report. The report also addresses resolution of findings from previous years. In addition to the standard annual audit, the City was required to have a separate examination to ensure compliance with the requirements of the Coronavirus State and Local Recovery Funds’ program. The related reported has been provided for your review. Bill Lauer, CPA of MMKR, will review the 2023 audit, provide a financial overview of the City's 2023 results, share their internal control findings, and respond to any questions of the City Council regarding the same. BUDGET IMPACT: Not applicable ACTION REQUESTED: Not applicable ATTACHMENTS: 2023 Farmington Fin Stmts 2023 Farmington Mgmt Rpt 2023 Farmington Spec Purp 2023 Farmington Fin CSLFRF Compliance Rpt Page 106 of 352 2023 Annual Comprehensive Financial Report For the year ended December 31, 2023 430 Third Street Farmington, Minnesota 55024 www.farmingtonmn.gov Page 107 of 352 Page 108 of 352 CITY OF FARMINGTON DAKOTA COUNTY, MINNESOTA Annual Comprehensive Financial Report for the Year Ended December 31, 2023 Lynn Gorski City Administrator Report Prepared by Finance Department Member of Government Finance Officers Association of the United States and Canada Page 109 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 110 of 352 Page INTRODUCTORY SECTION Letter of Transmittal i–v GFOA Certificate of Achievement vi Organizational Chart vii Elected Officials and Executive Staff viii FINANCIAL SECTION INDEPENDENT AUDITOR’S REPORT 1–3 MANAGEMENT’S DISCUSSION AND ANALYSIS 4–15 BASIC FINANCIAL STATEMENTS Government-Wide Financial Statements Statement of Net Position 16 Statement of Activities 17–18 Fund Financial Statements Governmental Funds Balance Sheet 19–20 Reconciliation of the Balance Sheet to the Statement of Net Position 21 Statement of Revenues, Expenditures, and Changes in Fund Balances 22–23 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities 24 Statement of Revenues, Expenditures, and Changes in Fund Balances – Budget and Actual – General Fund 25 Proprietary Funds Statement of Net Position 26–27 Statement of Revenues, Expenses, and Changes in Fund Net Position 28–29 Statement of Cash Flows 30–31 Notes to Basic Financial Statements 32–65 REQUIRED SUPPLEMENTARY INFORMATION PERA – General Employees Retirement Fund Schedule of City’s and Nonemployer Proportionate Share of Net Pension Liability 66 Schedule of City Contributions 66 PERA – Public Employees Police and Fire Fund Schedule of City’s and Nonemployer Proportionate Share of Net Pension Liability 67 Schedule of City Contributions 67 Farmington Fire Fighters’ Relief Association Schedule of Changes in the Relief Association’s Net Pension Liability (Asset) and Related Ratios 68 Schedule of City Contributions 69 Other Post-Employment Benefits Plan Schedule of Changes in the City’s Total OPEB Liability and Related Ratios 70 Notes to Required Supplementary Information 71–79 CITY OF FARMINGTON Table of Contents Page 111 of 352 Page SUPPLEMENTARY INFORMATION Combining and Individual Fund Statements and Schedules Nonmajor Governmental Funds 80 Combining Balance Sheet 81 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 82 Nonmajor Special Revenue Funds 83 Combining Balance Sheet 84–85 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 86–87 Nonmajor Capital Projects Funds 88 Combining Balance Sheet 89–92 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances 93–96 Nonmajor Debt Service Fund 97 Combining Balance Sheet by Account 98–99 Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances by Account 100–101 Budgetary Comparison Schedules 102 Private Capital Projects Fund 103 Storm Water Trunk Capital Projects Fund 104 Nonmajor Special Revenue Funds Economic Development Authority 105 Dakota Broadband 106 Trident Housing Tax Increment 107 Police Donations and Forfeitures 108 Park Improvement 109 Arena 110 Nonmajor Capital Projects Funds Sanitary Sewer Trunk 111 Cable Communications 112 State Aid Construction 113 Fire 114 Recreation 115 Permanent Improvement Revolving 116 General Capital Equipment 117 Water Trunk 118 Trail Maintenance 119 Building Maintenance 120 Maintenance 121 Nonmajor Debt Service Fund Debt Service 122 Internal Service Funds 123 Combining Statement of Net Position 124 Combining Statement of Revenues, Expenses, and Changes in Fund Net Position 125 Combining Statement of Cash Flows 126 CITY OF FARMINGTON Table of Contents (continued) Page 112 of 352 Page STATISTICAL SECTION (UNAUDITED) STATISTICAL TABLES (UNAUDITED)127 Net Position by Component 128–129 Changes in Net Position 130–133 Fund Balances of Governmental Funds 134–135 Changes in Fund Balances of Governmental Funds 136–137 Tax Capacity Value and Estimated Actual Value of Taxable Property 138–139 Property Tax Rates 140 Principal Property Taxpayers 141 Property Tax Levies and Collections 142 Ratios of Outstanding Debt by Type 143–144 Ratios of General Bonded Debt Outstanding 145–146 Direct and Overlapping Governmental Activities Debt 147 Legal Debt Margin Information 148–149 Pledged Revenue Coverage 150 Demographic and Economic Statistics 151 Principal Employers 152 Full-Time Equivalent City Government Employees by Function 153–154 Operating Indicators by Function 155–156 Capital Asset Statistics by Function/Program 157–158 CITY OF FARMINGTON Table of Contents (continued) Page 113 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 114 of 352 INTRODUCTORY SECTION Page 115 of 352 Page 116 of 352 -i- June 20, 2024 To the Honorable Mayor, Members of the City Council, and Citizens of the City of Farmington, Minnesota, The Annual Comprehensive Financial Report (ACFR) of the City of Farmington, Minnesota (the City) for the fiscal year ended December 31, 2023 is hereby submitted. This report was prepared by the Finance Department and responsibility for both the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, supporting schedules, and statistical tables rests with the City. To provide a reasonable basis for making these representations, management of the City has established a comprehensive internal control framework that is designed to protect the City’s assets from loss, theft, or misuse, and to compile sufficient reliable information for the preparation of these financial statements in conformity with accounting principles generally accepted in the United States of America. Because the cost of internal controls should not outweigh their benefits, the City’s internal controls have been designed to provide reasonable, rather than the absolute assurance, that the financial statements will be free from material misstatements. As management, we assert that to the best of our knowledge and belief, this ACFR is complete and reliable in all material respects; that it is presented in a manner designed to fairly set forth the financial position and results of operations of the City as measured by the financial activity of its various funds; and that all disclosures necessary to enable the reader to gain the maximum understanding of the City’s financial affairs have been included. The organization, form, and contents of this report were prepared in accordance with the standards prescribed by the Governmental Accounting Standards Board, the Government Finance Officers Association (GFOA) of the United States and Canada, the American Institute of Certified Public Accountants, Minnesota’s Office of the State Auditor, and city policies. The City’s financial statements have been audited by Malloy, Montague, Karnowski, Radosevich & Co., P.A., a professional firm of certified public accountants. The goal of the independent audit was to provide reasonable assurance that the financial statements of the City for the year ended December 31, 2023, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditor concluded, based upon the audit, that there was a reasonable basis for rendering an unmodified opinion that the City’s basic financial statements, for the year ended December 31, 2023, are fairly presented in conformity with accounting principles generally accepted in the United States of America. The independent auditor’s report is presented as the first component of the financial section of this report. This transmittal letter is designed to complement the management’s discussion and analysis (MD&A) and should be read in conjunction with it. The MD&A can be found immediately following the report of the independent auditors. Page 117 of 352 -ii- Profile of the Government The City is a suburban community located 30 miles south and east of downtown Minneapolis in Dakota County and was established in 1872 as a railroad center for the surrounding farming community. The 2010 Census established the City’s population at 21,086, with a current population estimate of 23,719. Additionally, the City’s boundary has grown easterly, adding 1,407 acres of annexation and growing from 12.5 square miles in 2000, to its current size of 14.8 square miles. The growth that the City has experienced is due to a number of factors, such as relatively affordable home ownership as compared to homes north and west of the City, the opportunity to locate further from the inner core, and the opportunity to live in a community with a “home-town” feel because of its discernable traditional downtown. The City operates under the mayor-council form of organization. The governing City Council, consisting of the mayor and four other councilmembers, is elected at large and on a nonpartisan basis. Terms of office are staggered four-year terms, with elections held in each even-numbered year. The City Council is responsible for, among other things, passing ordinances, adopting the budget, appointing members to the various committees and commissions, and hiring the city administrator, heads of various departments, and city employees. The city administrator is responsible for carrying out the policies and ordinances of the City Council, for overseeing the day-to-day operations of the City’s government, and the heads of various departments and city employees. The City provides its residents and businesses a full range of municipal services, including police and fire protection, ambulance services, construction and maintenance of highways, streets, and other infrastructure, as well as recreational and cultural activities. The City currently operates the following enterprise funds: municipal liquor operations, sewer, storm water, water, and streetlights. In 2022, the City began the process to transition its solid waste operations to a private contractor and discontinued operations in 2023. The City also contributes to the senior center operations, ice arena, community recreation services, and several other important community-based events and projects. Economic Condition The information presented in the financial statements is perhaps best understood when it is considered from the broader perspective of the specific environment within which the City operates. Local Economy Major industries located within the City’s boundaries include the Independent School District (ISD) No. 192, Federal Aviation Administration, a building materials and installation company, an electric utility cooperative, an assisted living facility, an independent living senior facility, a transportation company, a trucking company, and manufacturers of dairy products. ISD No. 192 provides a significant economic presence providing employment to more than 800 people. The Federal Aviation Administration and Installed Building Solutions employ 366 and 284 people, respectively. During 2023, a number of new businesses opened or expanded including the start of a large expansion of an existing building in the Industrial Park. The City continues to partner with Dakota County to offer the Open to Business initiative, which provides financial and business advice to small and future business owners. New residential construction was higher in 2023 compared to 2022. In 2023, the City issued new construction permits for 87 new single-family units, 61 townhome units, and a 74-unit market rate apartment building. The new residential permits resulted in a total building valuation of $43,721,566. The number of foreclosures in the City remained relatively flat. There were 10 foreclosures in the City in 2023, compared to 9 in 2021 and in 2022. Page 118 of 352 -iii- Long-Term Planning The City Council meets each year to review changes that have taken place in the City and identify a set of priorities for the next one to two years. The City Council established four priorities, which include: • Business Growth • Community Engagement • Infrastructure Support • Employee Engagement In alignment of established objectives, the City has enhanced its procedures for new development, striving to offer a more favorable experience for developers considering investment in our municipality. Furthermore, during the 2023 budget deliberations, the City allocated significant resources to diverse infrastructure endeavors, particularly focusing on street and trail maintenance. The City Council remains steadfast in its commitment to achieving set objectives, with a primary focus on enhancing the well-being of our community. Throughout 2023, staff reviewed and updated various capital improvement plans, with particular emphasis on those pertaining to streets, trails, and equipment, extending the planning horizon to a 10-year framework. This comprehensive review and adjustment process aligns with the City Council’s overarching priority of bolstering infrastructure support. The mill and overlay program initiated in 2019 persisted throughout 2023, and is slated to continue in the forthcoming years, alongside planned street reconstruction projects. The City’s 2040 Comprehensive Plan was completed in 2019. Late in 2022, it was decided to amend the 2040 Comprehensive Plan to update the vision of the City that will guide the next stage of planning and development, and to secure additional mixed-use areas, including commercial and industrial areas. One of the City’s primary objectives is to increase mixed-use commercial and industrial zones strategically across the City. This initiative is crucial for diversifying our tax base, fostering economic resilience, and creating a vibrant, dynamic community. By incorporating mixed-use development, we aim to attract new businesses, enhance employment opportunities, and cultivate a thriving local economy that benefits all residents for years to come. The ongoing work on our visioning plan and the update to the Comprehensive Plan marks a significant milestone for our community. Engaging residents in defining the City’s vision ensures that their voices are heard, and that the future development aligns with our shared goals and aspirations. Additional information about the update of the Comprehensive Plan may be found on the City’s website, www.farmingtonmn.gov. Major Initiatives The City continues to place a high priority on planning for the community’s needs as growth and expansion issues impact city operations. The availability of land, infrastructure, and services continue to drive the community development focus of the City. Investments in the community by the City have a positive impact on the net worth of property owners, contributing to the overall value growth. The City has prioritized the development of various services, facilities, and infrastructure, strengthening its financial foundation for residents and stakeholders. Sustaining high-quality services is instrumental in fostering favorable appreciation of property values within the community. Significant investments in infrastructure have prolonged the lifespan of existing roadways and enhanced the quality and safety of others. Recognizing that homes and businesses are primary assets in citizens’ portfolios, the City remains committed to further enhancing their value. The City observes a continuous increase in average residential home values, reflecting the effectiveness of these efforts. Page 119 of 352 -iv- The City is committed to advancing its community through ongoing development and revitalization efforts. Leveraging the strength of both its community and organizational resources, the City aims to foster increased opportunities for its constituents. Regular review and updates of city ordinances facilitate new business opportunities. In 2023, the City Council endorsed the second addition of Vermillion Commons, encompassing 58 townhome lots. Furthermore, progress continues with the implementation of the Downtown Redevelopment Plan, inclusive of initiatives such as the Micro Grant Program. Farmington Municipal Liquor Operations have shown remarkable progress over recent years, a trend that persisted through 2023. Liquor sales rose by $378,187 compared to 2022, with reported operating income reaching $553,704. These profits have greatly enriched the community, with the liquor operation contributing approximately $1.7 million since 2005 to various city departments and community organizations over the past decade. The City continues to collaborate with Dakota County, Dakota County Community Development Agency, Dakota County Regional Chamber of Commerce, the Farmington Business Association, ISD No. 192, nearby communities, and neighboring townships to provide its citizens with various services. Relevant Financial Policies In accordance with the City’s investment policy, the City strives to maintain a fund balance of 40 to 50 percent of subsequent year’s budgeted expenditures as a minimum fund balance level to provide for cash flow purposes. The City’s debt policy restricts long-term borrowing to capital equipment, public facilities, or infrastructure that have a life of more than five years and cannot be financed from current revenues. The maturity length of that debt shall be below 20 years, with at least 50 percent of the principle retired within 10 years. Cash temporarily idle during the year was invested in U.S. government treasury notes and agency obligations, municipal securities, certificates of deposit, and money market instruments. The City’s investment policy calls for the investment of public funds in a manner that will provide the highest investment return with minimum risk, while meeting the daily cash flow demands of the City. Awards The GFOA of the United States and Canada awarded a Certificate of Achievement for Excellence in Financial Reporting to the City for its ACFR for the year ended December 31, 2022. This is the 14th year the City has received this prestigious award. In order to be awarded a Certificate of Achievement, a city must publish an easily readable and efficiently organized ACFR. This report must satisfy both accounting principles generally accepted in the United States of America and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe our current ACFR continues to meet the Certificate of Achievement Program’s requirements and are submitting it to the GFOA of the United States and Canada to determine its eligibility for another certificate. Page 120 of 352 -v- Acknowledgments The preparation of this report would not have been possible without the talented and dedicated services of the entire staff of the Finance Department and other key city personnel. We would like to express our appreciation to all city employees for their meticulousness and adept management of the budget over the past year. Credit also must be given to the Mayor and the City Council for their steadfast support and proactive measures in fortifying the City’s financial resilience and fostering long-term financial planning. Respectively Submitted, _________________________________ Lynn Gorski, City Administrator Kim Sommerland, Finance Director Page 121 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 122 of 352 -vi-Page 123 of 352 Residents Administration Human Resources Police Finance Public Works City Administrator City Council Streets Utility Billing Programming Fire Parks and Recreation Community Development Liquor Operations Communications EngineeringFacilitiesInformation Technology Building Inspections Planning and Zoning Surface Water Sanitary Sewer Water -v i i - Pa g e 1 2 4 o f 3 5 2 -viii- Term Expires Joshua Hoyt Mayor December 31, 2024 Holly Bernatz Councilmember December 31, 2026 Nick Lien Councilmember December 31, 2026 Katie Porter Councilmember December 31, 2024 Steve Wilson Councilmember December 31, 2024 Lynn Gorski City Administrator Julie Flaten Assistant City Administrator/Human Resources Director Justin Elvestad Fire Chief Gary Rutherford Police Chief Kim Sommerland Finance Director Deanna Kuennen Community Development Director Kellee Omlid Parks and Recreation Director John Powell Public Works Director/City Engineer EXECUTIVE STAFF ELECTED OFFICIALS CITY OF FARMINGTON Elected Officials and Executive Staff December 31, 2023 Page 125 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 126 of 352 FINANCIAL SECTION Page 127 of 352 Page 128 of 352 -1- INDEPENDENT AUDITOR’S REPORT To the City Council and Management City of Farmington, 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 Farmington, Minnesota (the City) as of and for the year ended December 31, 2023, 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 m aterial 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, 202 3, 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 responsibil ities 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 the 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) C E R T I F I E D A C C O U N T A N T S P UBLIC PRINCIPALS Thomas A. Karnowski, CPA Paul A. Radosevich, CPA William J. Lauer, CPA James H. Eichten, CPA Aaron J. Nielsen, CPA Victoria L. Holinka, CPA/CMA Jaclyn M. Huegel, CPA Kalen T. Karnowski, CPA Malloy, Montague, Karnowski, Radosevich & Co., P.A. 5353 Wayzata Boulevard • Suite 410 • Minneapolis, MN 55416 • Phone: 952-545-0424 • Fax: 952-545-0569 • www.mmkr.com Standard Letterhead-r2.qxp_167639 Letterhead-RV1 9/7/18 6:34 PM Page 1 Page 129 of 352 -2- 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 judgment 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 audi t 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, t he 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 Am erica 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) Page 130 of 352 -3- 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 20, 2024, 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 int egral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance. Minneapolis, Minnesota June 20, 2024 Page 131 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 132 of 352 CITY OF FARMINGTON Management’s Discussion and Analysis Year Ended December 31, 2023 -4- As management of the City of Farmington, Minnesota (the City), we offer readers of the City’s financial statements this narrative overview and analysis of the financial activities of the City for the fiscal year ended December 31, 2023. Management’s discussion and analysis (MD&A) 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 assets and deferred outflows of resources of the City exceeded liabilities and deferred inflows of resources by $137,275,061 (net position) at the close of the most recent fiscal year. Of this amount, $38,057,486 (unrestricted net position) may be used to meet the government’s ongoing obligations to citizens and creditors. • The City’s total net position increased by $6,405,292 from fiscal 2023 activity, including an increase of $3,187,232 attributable to governmental activities, and an increase of $3,218,060 attributable to business-type activities. • The City’s outstanding debt, including bonds and lease liabilities, decreased by $1,284,410, or 10 percent, during the fiscal year, as scheduled debt service principal payments exceeded new lease liabilities issued during the year. • The City’s governmental funds reported combined ending fund balances of $28,351,774 on December 31, 2023, an increase of $2,885,854 from fiscal 2023 activity. Approximately 82 percent of this total, or $23,328,209, is available for use within the City’s constraints and policies. • At the end of the current fiscal year, the unassigned fund balance for the General Fund was $8,987,268, or 48 percent, of 2024 General Fund budgeted expenditures and transfers out. OVERVIEW OF THE FINANCIAL STATEMENTS This MD&A is intended to serve as an introduction to the City’s basic financial statements. The City’s basic financial statements 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 supplementary information in addition to the basic financial statements themselves. These financial statements include not only the City itself (known as the primary government), but also the Farmington Economic Development Authority (EDA). The EDA has been presented as a blended component unit on the City’s financial statements in accordance with accounting principles generally accepted in the United States of America. Page 133 of 352 -5- 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 a private sector business. The Statement of Net Position presents information on all of the City’s assets, liabilities, and deferred inflows/outflows, as applicable, 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., uncollected taxes and earned, but unused personal leave time). Both of the government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the City include general government, public safety, public works, parks and recreation, and economic development. The business-type activities of the City include liquor operations, and sewer, solid waste, storm water, water, and street light utility operations. 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. All of the funds of the City can be divided into two categories: governmental funds and proprietary funds. Governmental Funds – Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on the near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be usef ul 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 Statement of Revenues, Expenditures, and Changes in Fund Balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The City maintains numerous individual governmental funds. Information is presented separately in the governmental funds Balance Sheet and Statement of Revenues, Expenditures, and Changes in Fund Balances for the City’s five individual major governmental funds. They are as follows: • General Fund • Federal Aid Special Revenue Fund • Private Capital Projects Fund • Storm Water Trunk Capital Projects Fund • Closed Bond Debt Service Fund Page 134 of 352 -6- Data from the other 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 annual appropriated budgets for its General Fund, most special revenue funds, the Debt Service Fund (combined), and most capital projects funds. Budgetary comparison statements or schedules have been provided for these funds to demonstrate compliance with their respective budgets. Proprietary Funds – The City maintains six enterprise funds and four internal service funds within its proprietary fund type. Enterprise funds are used to report the same functions presented as business-type activities in the governmental-wide financial statements. The City uses enterprise funds to account for its liquor operations, and its sewer, solid waste, storm water, water, and street light utility operations. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary funds financial statements provide separate information for the enterprise funds, all of which are considered to be major funds of the City. Internal service funds are an accounting device used to accumulate and allocate costs internally among the City’s various functions. The City uses internal service funds to account for its employee benefits, property and liability insurance, maintaining its fleet of vehicles, and information technology needs. All internal service funds are combined into a single, aggregated presentation in the proprietary fund financial statements, labeled Governmental Activities – Internal Service Funds. Because all of these services predominately benefit governmental, rather than business-type functions, they have been included within governmental activities in the government-wide financial statements. Individual fund data for the internal service funds is provided in the form of combining statements elsewhere in this report. 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 combining and individual fund statements and schedules (presented as supplementary information) referred to earlier in connection with nonmajor governmental funds, internal service funds, budgetary comparison schedules, which are presented immediately following the basic financial statements. Furthermore, a statistical section has been included as part of the Annual Comprehensive Financial Report (ACFR) to facilitate additional analysis, and is the third and final section of the report. Page 135 of 352 -7- GOVERNMENT-WIDE FINANCIAL ANALYSIS An analysis of the City’s financial position begins with a review of the government-wide Statement of Net Position and the Statement of Activities. These two statements report the City’s net position and changes in net position. It should be noted that the financial position can also be affected by nonfinancial factors, including economic conditions, population growth, and new regulations. As noted earlier, net position may serve over time as a useful indicator of the City’s financial position. As presented in the following condensed version of the Statement of Net Position, the City’s assets and deferred outflows of resources exceeded liabilities and deferred inflows of resources by $137,275,061 on December 31, 2023. City of Farmington’s Net Position 2023 2022 2023 2022 2023 2022 Current and other assets 40,953,662$ 40,193,291$ 25,002,090$ 21,631,006$ 65,955,752$ 61,824,297$ Capital assets, net 49,003,064 47,611,027 49,830,438 49,866,617 98,833,502 97,477,644 Total assets 89,956,726$ 87,804,318$ 74,832,528$ 71,497,623$ 164,789,254$ 159,301,941$ Deferred outflows of resources 8,239,235$ 9,527,443$ 102,195$ 163,687$ 8,341,430$ 9,691,130$ Current liabilities 5,105,522$ 5,373,349$ 684,958$ 411,720$ 5,790,480$ 5,785,069$ Long-term liabilities 20,014,829 29,235,578 1,825,000 2,155,047 21,839,829 31,390,625 Total liabilities 25,120,351$ 34,608,927$ 2,509,958$ 2,566,767$ 27,630,309$ 37,175,694$ Deferred inflows of resources 8,099,929$ 934,385$ 125,385$ 13,223$ 8,225,314$ 947,608$ Net position Net investment in capital assets 39,137,210$ 37,033,206$ 48,486,110$ 48,353,192$ 87,623,320$ 85,386,398$ Restricted 9,132,767 10,556,611 2,461,488 2,461,488 11,594,255 13,018,099 Unrestricted 16,705,704 14,198,632 21,351,782 18,266,640 38,057,486 32,465,272 Total net position 64,975,681$ 61,788,449$ 72,299,380$ 69,081,320$ 137,275,061$ 130,869,769$ Governmental Activities Business-Type Activities Total The largest portion of the City’s net position, $87,623,320, or 64 percent, reflects its investment in capital assets (e.g., land, buildings, machinery, and equipment); less any outstanding related debt used to acquire those assets. 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. Restricted net position of $11,594,255 comprised 8 percent of net position at the close of the fiscal year ended December 31, 2023. These assets are subject to external restrictions on how they may be used. The balance of unrestricted net position, $38,057,486, or approximately 28 percent, may be used to meet the City’s ongoing obligations to citizens and creditors. Certain balances within unrestricted net position may have internally imposed commitments or limitations, which may further limit the purpose for which such net position may be used. Page 136 of 352 -8- CHANGE IN NET POSITION The following table provides a condensed version of the Statement of Activities for the year ended December 31, 2023, with comparative totals for the year ended December 31, 2022. The City’s total net position increased by $6,405,292, or 5 percent, during the current fiscal year. City of Farmington’s Change in Net Position 2023 2022 2023 2022 2023 2022 Revenues Charges for services 3,425,186$ 3,678,479$ 13,908,710$ 13,026,908$ 17,333,896$ 16,705,387$ Operating grants and contributions 1,924,255 1,076,883 10,822 30,616 1,935,077 1,107,499 Capital grants and contributions 1,002,806 833,090 – – 1,002,806 833,090 Property taxes 15,284,709 14,463,106 – – 15,284,709 14,463,106 Franchise taxes 201,431 227,017 – – 201,431 227,017 Unrestricted grants 944,364 207,501 – – 944,364 207,501 Investment earnings (charges)1,407,087 (874,200) 913,579 (525,811) 2,320,666 (1,400,011) Gain on disposal of capital assets 136,368 81,008 – – 136,368 81,008 Total revenues 24,326,206 19,692,884 14,833,111 12,531,713 39,159,317 32,224,597 Expenses General government 5,200,453 3,626,853 – – 5,200,453 3,626,853 Public safety 8,712,115 7,936,364 – – 8,712,115 7,936,364 Public works 3,806,386 5,333,328 – – 3,806,386 5,333,328 Parks and recreation 2,583,554 2,522,085 – – 2,583,554 2,522,085 Economic development 177,927 247,970 – – 177,927 247,970 Interest and fiscal charges 239,992 288,751 – – 239,992 288,751 Liquor operations – – 6,256,081 5,977,403 6,256,081 5,977,403 Sewer – – 2,872,236 2,606,288 2,872,236 2,606,288 Solid waste – – 76,270 87,359 76,270 87,359 Storm water – – 725,039 719,225 725,039 719,225 Water – – 1,889,215 1,814,354 1,889,215 1,814,354 Street light – – 214,757 210,174 214,757 210,174 Total expenses 20,720,427 19,955,351 12,033,598 11,414,803 32,754,025 31,370,154 Change in net position before transfers 3,605,779 (262,467) 2,799,513 1,116,910 6,405,292 854,443 Transfers (418,547) 3,393,908 418,547 (3,393,908) – – Change in net position 3,187,232 3,131,441 3,218,060 (2,276,998) 6,405,292 854,443 Net position – beginning 61,788,449 72,703,910 69,081,320 137,275,061 130,869,769 209,978,971 Net position – ending 64,975,681$ 61,788,449$ 72,299,380$ 69,081,320$ 137,275,061$ 130,869,769$ Governmental Activities Business-Type Activities Total Governmental Activities – Governmental activities increased the City’s net position by $3,187,232. An increase in the approved property tax levy, more federal grant entitlements used, new state funding for public safety, and improvement in investment earnings (charges) from improved interest rates and market conditions contributed to a $4,633,322 increase in total governmental activities revenues compared to the previous year. Governmental activities expenses increased $765,076 from the previous year with the increase mainly in the general government and public safety functions. Increased grant spending, contractual salary increases, and inflationary increases to employee benefits, utilities, supplies, and other purchased services contributed to the overall increase. Public works expenses decreased, due to a greater proportion of street improvement projects being capitalized in the current year, including $2,284,363 of capitalized utility infrastructure contributed to the business-type activities. Business-Type Activities – Business-type activities increased the City’s net position by $3,218,060. An increase in liquor operation gross sales, utility rate increases, and improved investment earnings (charges) contributed to a $2,301,398 increase in total business-type activities revenues compared to the previous year. Increases in liquor cost of goods sold and sewer disposal charges were the largest factors in a $618,795 increase in total business-type activities expenses. The City has been in the process of transitioning its solid waste and recycling collection operation to a private contractor the last two years, greatly reducing the activity reported in that function compared to prior years. It is anticipated that operations will be fully discontinued, and the related enterprise fund closed in fiscal 2024. Page 137 of 352 -9- GOVERNMENTAL ACTIVITIES Revenues – The following chart illustrates the City’s revenues by source for its governmental activities: Revenues by Source – Governmental Activities Expenses – The following chart illustrates the City’s governmental expenses and corresponding program revenues, excluding transfers, for its governmental activities: Expenses and Program Revenues – Governmental Activities General Government Public Safety Public Works Parks and Recreation Economic Development Interest and Fiscal Charges Program Revenues $1,092,271 $2,186,491 $2,210,628 $829,953 $32,904 $– Expenses $5,200,453 $8,712,115 $3,806,386 $2,583,554 $177,927 $239,992 $- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 $7,500,000 $8,000,000 $8,500,000 $9,000,000 Page 138 of 352 -10- BUSINESS-TYPE ACTIVITIES Revenues – The following chart illustrates the City’s revenues by source for its business-type activities: Revenues by Source – Business-Type Activities Expenses – Below is a graph showing the City’s expenses and program revenues, excluding transfers, for its business-type activities: Expenses and Program Revenues – Business-Type Activities Liquor Operations Sewer Solid Waste Storm Water Water Street Light Program Revenues $6,770,085 $2,762,566 $14,693 $1,327,620 $2,805,763 $238,805 Expenses $6,256,081 $2,872,236 $76,270 $725,039 $1,889,215 $214,757 $– $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 Page 139 of 352 -11- FINANCIAL ANALYSIS OF THE CITY’S FUNDS As noted earlier, the City uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. Governmental Funds – The focus of the City’s governmental funds is to provide information on near-term inflows, outflows, and balances of currently available resources. Such information is useful in assessing the City’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. As of the end of the current fiscal year, the City’s governmental funds reported combined ending fund balances of $28,351,774, an 11 percent increase of $2,885,854 from 2023 activity. The increase is mainly attributable to resources accumulated for public safety programs, trunk fees, and positive operating results in the General Fund. Committed, assigned, and unassigned fund balances, which are available for spending at the City’s discretion, had a combined balance of $23,328,209 at year-end. The remainder of the fund balance is either not available for new spending, or available for new spending but limited in use, because it is either nonspendable for prepaids ($15,883); or restricted: 1) to pay debt service ($2,100,445), 2) for economic development ($374,938), 3) for various public safety programs ($1,099,845), 4) for park or recreational capital improvements ($1,220,794), or 5) to pay for future cable communication expenditures ($211,660). Financial highlights for the City’s major governmental funds are as follows: General Fund – The General Fund is the chief operating fund of the City. At the end of 20 23, the unassigned fund balance of the General Fund was $8,987,268. As a measure of the General Fund’s liquidity, it may be useful to compare the fund balance to total fund expenditures. The 2023 unassigned fund balance represents approximately 48 percent of total 2024 General Fund budgeted expenditures and transfers out. The ratio of the General Fund’s unassigned fund balance to the subsequent years’ budgeted expenditures and transfers out has increased steadily from 21 percent as of December 31, 2011 to 48 percent as of December 31, 2023. The City Council has increased its commitment to not only sound, comprehensive budgets, but also long-term financial planning. In addition, the City has benefitted from community growth and tight budgetary control of expenditures, which have contributed to the strengthening of the General Fund’s balance over that period. The City Council also recently revised the City’s fund balance policy and stated it would strive to maintain the fund balance in the General Fund between 40–50 percent of the subsequent year’s budgeted expenditures and transfers out in order to provide enough funding to carry city operations to the next semiannual receipt of tax proceeds (in June/July). As of December 31, 2023, the City’s General Fund balance meets the minimum fund balance guideline. Total fund balances increased by $1,156,920 in the General Fund during the 2023 fiscal year. Higher than anticipated revenues from intergovernmental sources, charges for services , and investment earnings; along with expenditures being held under budget in total, contributed to this increase. Federal Aid Special Revenue Fund – The increase of $75,255 in fund balance was due to allocated investment earnings in 2023. The City utilized $942,029 of available federal funding for various projects during the year. Private Capital Projects Fund – There were no significant projects in this fund during 2023. The increase in fund balance of $83,525 was due to allocated investment earnings in 2023. Page 140 of 352 -12- Storm Water Trunk Capital Projects Fund – The increase of $664,310 in fund balance was due to revenues from property taxes, trunk fees, and allocated investment earnings exceeding expenditures in 2023. Closed Bond Debt Service Fund – The City established this fund in 2023 with transfers of $1,046,942 to account for accumulated resources related to bond issues that fully matured or were called by the City using internal resources in prior years. Additional revenues of $551,082 brought the fund balance up to $1,598,024 at year-end, which the City has assigned for future debt service. Total fund balances in the City’s nonmajor governmental funds decreased $692,180 in fiscal 2023, to a year-end total of $12,278,527. Financial highlights for some of the significant changes in the City’s nonmajor governmental funds are as follows: Public Safety Special Revenue Fund – The increase in fund balance of $1,035,106 was due to a one-time state public safety grant received during the year. Water Trunk Capital Projects Fund – Revenues from charges for services and investment earnings resulted in a net increase in fund balance of $492,518, as there were no projects in this fund in 2023. Spruce Street Reconstruction Capital Projects Fund – The decrease in fund balance of $1,921,952 resulted from project costs exceeding revenue in 2023. Maintenance Capital Projects Fund – The increase in fund balance of $568,492 was due to transfers in exceeding the planned project costs incurred by year-end. Capital Projects Reserve Capital Projects Fund – The increase of $316,234 in fund balance is due to transfers from the State Aid Construction and Permanent Improvement Revolving Capital Projects Funds to establish this new fund. Debt Service Fund – The decrease of $1,054,504 in fund balance is due to transfers of $1,046,942 to eliminate several closed bond accounts and establish the Closed Bond Debt Service Fund. Proprietary Funds – The City’s proprietary funds provide the same type of information found in the government-wide financial statements, but in more detail. Financial highlights for the significant changes in the City’s proprietary funds are as follows: Liquor Operations Fund – Each year the City reviews the financial performance of its liquor operations. After setting aside a certain amount of funds for operations and administrative transfers, the remaining funds on hand are allocated to community investment and future capital improvements. Liquor operations produced income before transfers of $604,140, an increase of $232,507 from the prior year, mainly due to increased sales and investment earnings. The net position of the Liquor Operations Fund at the end of 2023 totaled $2,444,814, an increase of $409,014. The cash position for both stores increased from $1,636,290 on December 31, 2022 to $2,352,268 as of December 31, 2023. Sewer Operations Fund – The current year increase in net position of $273,493 is primarily due to capital infrastructure asset contributions of $629,637 received from governmental fund activities during the year. An increase of approximately 6 percent in charges for services, due mainly to a rate increase, was more than offset by a 10 percent increase in operating expenses. The City has implemented a series of rate increases designed to provide sufficient funds to cover both operations and depreciation. This fund continues to maintain a significant unrestricted net position of $3,507,824. Page 141 of 352 -13- Solid Waste Fund – The Solid Waste Fund net position decreased by $407,578, mainly due to transfers out related to the continued process of closing the fund. It is anticipated that operations will be completely discontinued, and the fund closed in fiscal 2024. Storm Water Fund – The increase in net position of $1,157,016 is primarily due charges for services being sufficient to cover operating expenses, resulting in operating income of $651,397 for the year. This fund also received capital infrastructure asset contributions of $868,749 received from governmental fund activities during the year. This fund continues to maintain a significant unrestricted net position of $3,232,777. Water Fund – The increase in net position of $1,746,337 is primarily due to charges for services being sufficient to cover depreciation expense, improved investment earnings, and capital infrastructure asset contributions of $785,977 received from governmental fund activities during the year. This fund continues to maintain a significant unrestricted net position of $10,517,451. Street Light Fund – The Street Light Fund was established in 2010. By making this a utility fund, all properties within the City, including tax-exempt properties, pay for street lighting. This fund has achieved a modest positive net position of $383,773 at year-end, an increase of $39,778 from last year. GENERAL FUND BUDGETARY HIGHLIGHTS The City’s original and final budgets are the same, as no budget amendments were made during the year. Actual revenues were $812,619 over budget. Revenue variances from final budget to actual include: • Intergovernmental revenue was $228,849 over budget, mainly due to street maintenance, training reimbursements, and other miscellaneous grants exceeding budget. • Charges for services were $233,175 more than the City’s conservative budget, with higher than expected charges for fire service and engineering. • Investment earnings were $312,980 over budget, due to higher interest rates and improvements in the fair values of the City’s investment portfolio. As the City generally intends to hold investments to maturity, it is anticipated that this temporary market gain will fluctuate before the investments mature. Expenditures were $336,073 less than the budgeted amount, mainly in the public safety and public works areas. The City experienced lower salaries and benefits costs partially attributable to continuing challenges in filling vacant positions. Page 142 of 352 -14- CAPITAL ASSETS AND LONG-TERM DEBT Capital Assets – The City’s investment in capital assets for its governmental and business-type activities as of December 31, 2023, was $98,833,502 (net of accumulated depreciation/amortization). This investment in capital assets includes land, buildings, improvements other than buildings, park facilities, machinery and equipment, vehicles, roads, bridges, infrastructure, intangibles, water mains, water reservoirs, sewer mains, lift stations, and storm water mains. The City’s investment in capital assets for the current fiscal year increased by 1 percent, mainly due to capitalized street and utility infrastructure and lease asset additions, offset by current year depreciation/amortization. City of Farmington’s Capital Assets 2023 2022 2023 2022 2023 2022 Land and easements 1,658,302$ 1,658,302$ 498,376$ 498,376$ 2,156,678$ 2,156,678$ Construction in progress 554,953 2,574,042 – – 554,953 2,574,042 Buildings 12,863,478 13,297,011 1,128,499 1,333,629 13,991,977 14,630,640 Improvements other than buildings 824,468 295,150 1,392,088 1,497,899 2,216,556 1,793,049 Machinery and equipment 3,626,858 3,899,180 510,021 632,716 4,136,879 4,531,896 Infrastructure 28,762,779 25,798,272 – – 28,762,779 25,798,272 Collection/distribution systems – – 45,526,648 45,008,564 45,526,648 45,008,564 Leases – vehicles 712,226 89,070 – – 712,226 89,070 Leases – buildings – – 774,806 895,433 774,806 895,433 Total (net of depreciation)49,003,064$ 47,611,027$ 49,830,438$ 49,866,617$ 98,833,502$ 97,477,644$ Governmental Activities Business-Type Activities Total Additional information on the City’s capital assets can be found in Note 5 of the notes to basic financial statements. Long-Term Debt – At the end of the current fiscal year, the City had total debt (bonds and lease liabilities) outstanding of $11,700,414. All City bonded debt is general obligation debt, which is backed by the full faith and credit of the government. Furthermore, at year-end, the City has long-term liabilities of $1,097,977 for compensated absences, $7,948,615 for net pension liabilities, and $1,092,823 for other post-employment benefits. City of Farmington’s Outstanding Long-Term Debt 2023 2022 2023 2022 2023 2022 General obligation improvement bonds 5,435,000$ 6,305,000$ –$ –$ 5,435,000$ 6,305,000$ Capital improvement bonds 2,965,000 3,510,000 – – 2,965,000 3,510,000 Equipment certificates 695,000 905,000 – – 695,000 905,000 General obligation revenue bonds – – 465,000 530,000 465,000 530,000 Unamortized premiums 544,915 668,370 51,207 61,120 596,122 729,490 Lease liabilities 716,171 83,029 828,121 922,305 1,544,292 1,005,334 Total debt outstanding 10,356,086$ 11,471,399$ 1,344,328$ 1,513,425$ 11,700,414$ 12,984,824$ Governmental Activities Business-Type Activities Total Bond principal repayments during 2023 totaled $1,690,000. The only new debt issued by the City in 2023 was $714,239 of new vehicle leases. The City’s credit rating from Standard & Poor’s was raised from “AA” to “AA+” in April 2019, which was affirmed in 2023. Minnesota Statutes limit the amount of general obligation debt a Minnesota city may issue to 3 percent of total estimated market value. The current debt limitation for the City is $86,808,834, which is significantly more than the City’s outstanding general obligation debt. Additional information on the City’s long-term debt may be found in Note 6 of the notes to basic financial statements. Page 143 of 352 -15- ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND RATES The City increased its General Fund net operating levy in 2024 by $1,415,404. The final city total net tax levy for 2024 of $14,008,798 is 9.9 percent higher than the comparable 2023 levy. Of the total General Fund budgeted revenues, including transfers in for 2024, 75.2 percent are from property taxes, including $2.1 million in fiscal disparities revenue. The remaining General Fund budgeted revenues were adjusted to reflect forecasted building activity and an anticipated increase in intergovernmental revenues and charges for service. Proposed 2024 General Fund expenditures, including transfers out, are estimated at $18,884,407, an increase of 11.8 percent compared to the 2023 budget. The 2024 budget maintains funding for core services—police and fire protection, street maintenance and snow removal, parks and recreation, and administration; and continues long-term funding for the City’s seal coating, trail maintenance, building maintenance, and police and fire equipment. The City’s Capital Improvement Plan provides for the continued replacement of police vehicles and public safety equipment in 2024. The City steadfastly upholds its commitment to four key priorities: business growth, community engagement, infrastructure support, and employee engagement. The City remains dedicated to delivering top-tier essential services to its existing residents and also actively promoting the City, aiming to attract and bolster new development, thereby broadening the tax base and ensuring the City’s prosperity. REQUESTS FOR INFORMATION This ACFR is designed to provide a general overview of the City’s finances for all those with an interest in the government’s finances. Questions concerning any of the information provided in this report, or requests for additional financial information, should be addressed to the Finance Director at the City of Farmington, 430 Third Street, Farmington, Minnesota 55024. Email requests can be sent to ksommerland@farmingtonmn.gov. Page 144 of 352 BASIC FINANCIAL STATEMENTS Page 145 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 146 of 352 Governmental Business-Type Activities Activities Total Assets Cash and investments 34,137,550$ 20,044,781$ 54,182,331$ Receivables Accounts 484,009 1,476,483 1,960,492 Interest 143,403 92,748 236,151 Property taxes 1,311,184 – 1,311,184 Special assessments 2,750,016 270,924 3,020,940 Due from other governments 469,403 1,195 470,598 Lease 101,536 – 101,536 Inventory – 654,431 654,431 Prepaid items 20,008 40 20,048 Restricted assets – temporarily restricted Cash for future drinking water treatment plant – 2,461,488 2,461,488 Net pension asset – fire relief 1,536,553 – 1,536,553 Capital assets Not depreciated/amortized 2,213,255 498,376 2,711,631 Depreciated/amortized, net 46,789,809 49,332,062 96,121,871 Total capital assets, net 49,003,064 49,830,438 98,833,502 Total assets 89,956,726 74,832,528 164,789,254 Deferred outflows of resources Pension plan deferments – PERA 7,354,712 100,096 7,454,808 Pension plan deferments – fire relief 851,277 – 851,277 OPEB plan deferments 33,246 2,099 35,345 Total deferred outflows of resources 8,239,235 102,195 8,341,430 Total assets and deferred outflows of resources 98,195,961$ 74,934,723$ 173,130,684$ Liabilities Accounts and contracts payable 1,297,053$ 440,851$ 1,737,904$ Accrued salaries and employee benefits payable 227,489 – 227,489 Accrued interest payable 133,685 8,950 142,635 Deposits payable 1,964,564 88,585 2,053,149 Due to other governments 686 146,572 147,258 Unearned revenue 1,482,045 – 1,482,045 Long-term liabilities Due within one year Bonds, certificates, lease liabilities, and compensated absences 2,481,143 204,669 2,685,812 Total OPEB liability 75,600 – 75,600 Due in more than one year Bonds, certificates, lease liabilities, and compensated absences 8,927,904 1,184,675 10,112,579 Net pension liability 7,577,873 370,742 7,948,615 Total OPEB liability 952,309 64,914 1,017,223 Total long-term liabilities 20,014,829 1,825,000 21,839,829 Total liabilities 25,120,351 2,509,958 27,630,309 Deferred inflows of resources Pension plan deferments – PERA 7,330,959 125,385 7,456,344 Pension plan deferments – fire relief 667,434 – 667,434 Lease revenue for subsequent years 101,536 – 101,536 Total deferred inflows of resources 8,099,929 125,385 8,225,314 Net position Net investment in capital assets 39,137,210 48,486,110 87,623,320 Restricted for Debt service 4,294,767 – 4,294,767 Economic development 374,938 – 374,938 Public safety programs 1,099,845 – 1,099,845 Park improvements 1,100,850 – 1,100,850 Capital projects 331,604 – 331,604 State-funded street projects 394,210 – 394,210 Fire relief pensions 1,536,553 – 1,536,553 Water Fund – future drinking water treatment plant – 2,461,488 2,461,488 Unrestricted 16,705,704 21,351,782 38,057,486 Total net position 64,975,681 72,299,380 137,275,061 Total liabilities, deferred inflows of resources, and net position 98,195,961$ 74,934,723$ 173,130,684$ CITY OF FARMINGTON Statement of Net Position as of December 31, 2023 See notes to basic financial statements -16- Page 147 of 352 Program Revenues Operating Capital Charges for Grants and Grants and Functions/Programs Expenses Services Contributions Contributions Primary government Governmental activities General government 5,200,453$ 1,048,415$ 43,845$ 11$ Public safety 8,712,115 581,869 1,574,372 30,250 Public works 3,806,386 965,032 273,051 972,545 Parks and recreation 2,583,554 829,870 83 – Economic development 177,927 – 32,904 – Interest and fiscal charges 239,992 – – – Total governmental activities 20,720,427 3,425,186 1,924,255 1,002,806 Business-type activities Liquor operations 6,256,081 6,770,039 46 – Sewer 2,872,236 2,762,566 – – Solid waste 76,270 10,605 4,088 – Storm water 725,039 1,327,620 – – Water 1,889,215 2,799,075 6,688 – Street light 214,757 238,805 – – Total business-type activities 12,033,598 13,908,710 10,822 – Total government 32,754,025$ 17,333,896$ 1,935,077$ 1,002,806$ General revenues Property taxes Franchise taxes Grants and contributions not restricted to specific programs Investment earnings Gain on sale of capital assets Transfers Total general revenues and transfers Change in net position Net position – beginning Net position – ending CITY OF FARMINGTON Statement of Activities Year Ended December 31, 2023 See notes to basic financial statements -17- Page 148 of 352 Governmental Business-Type Activities Activities Total (4,108,182)$ –$ (4,108,182)$ (6,525,624) – (6,525,624) (1,595,758) – (1,595,758) (1,753,601) – (1,753,601) (145,023) – (145,023) (239,992) – (239,992) (14,368,180) – (14,368,180) – 514,004 514,004 – (109,670) (109,670) – (61,577) (61,577) – 602,581 602,581 – 916,548 916,548 – 24,048 24,048 – 1,885,934 1,885,934 (14,368,180) 1,885,934 (12,482,246) 15,284,709 – 15,284,709 201,431 – 201,431 944,364 – 944,364 1,407,087 913,579 2,320,666 136,368 – 136,368 (418,547) 418,547 – 17,555,412 1,332,126 18,887,538 3,187,232 3,218,060 6,405,292 61,788,449 69,081,320 130,869,769 64,975,681$ 72,299,380$ 137,275,061$ Changes in Net Position Net (Expense) Revenue and -18- Page 149 of 352 Special Revenue –Capital Federal Projects – General Aid Private Assets Cash and investments 7,798,138$ 1,467,069$ 2,022,941$ Receivables Accounts 286,129 – 14,202 Interest 40,781 6,053 8,347 Property taxes Unremitted 1,160,672 – – Delinquent 150,512 – – Special assessments Delinquent 261 – – Noncurrent 970 – – Due from other funds 2,691 – – Due from other governments 36,674 – – Lease 101,536 – – Prepaid items 1,169 14,714 – Total assets 9,579,533$ 1,487,836$ 2,045,490$ Liabilities Accounts and contracts payable 307,734$ 13,037$ –$ Deposits payable 29,941 – 1,919,665 Due to other governments 142 – – Due to other funds – – – Unearned revenue – 1,482,045 – Total liabilities 337,817 1,495,082 1,919,665 Deferred inflows of resources Unavailable revenue – property taxes 150,512 – – Unavailable revenue – special assessments 1,231 – – Unavailable revenue – long-term receivable – – – Lease revenue for subsequent years 101,536 – – Total deferred inflows of resources 253,279 – – Fund balances (deficits) Nonspendable 1,169 14,714 – Restricted – – – Committed – – 125,825 Assigned – – – Unassigned 8,987,268 (21,960) – Total fund balances (deficits)8,988,437 (7,246) 125,825 Total liabilities, deferred inflows of resources, and fund balances 9,579,533$ 1,487,836$ 2,045,490$ CITY OF FARMINGTON Balance Sheet Governmental Funds as of December 31, 2023 See notes to basic financial statements -19- Page 150 of 352 Capital Projects –Debt Storm Water Service – Trunk Closed Bond Nonmajor Total 5,346,147$ 1,591,457$ 12,930,520$ 31,156,272$ – – 183,678 484,009 22,060 6,567 47,294 131,102 – – – 1,160,672 – – – 150,512 – 2,496 – 2,757 – 2,325,511 420,778 2,747,259 – – 35,379 38,070 – – 416,867 453,541 – – – 101,536 – – – 15,883 5,368,207$ 3,926,031$ 14,034,516$ 36,441,613$ –$ –$ 890,149$ 1,210,920$ – – 12,238 1,961,844 – – 544 686 – – 38,070 38,070 – – – 1,482,045 – – 941,001 4,693,565 – – – 150,512 – 2,328,007 420,778 2,750,016 – – 394,210 394,210 – – – 101,536 – 2,328,007 814,988 3,396,274 – – – 15,883 – – 5,007,682 5,007,682 5,368,207 – 7,696,991 13,191,023 – 1,598,024 – 1,598,024 – – (426,146) 8,539,162 5,368,207 1,598,024 12,278,527 28,351,774 5,368,207$ 3,926,031$ 14,034,516$ 36,441,613$ -20- Page 151 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 152 of 352 28,351,774$ Capital assets used in governmental activities are not financial resources and,therefore,are not reported in governmental funds. Cost of capital assets 98,970,379 Less accumulated depreciation/amortization (49,970,064) Net pension assets are only recorded in the government-wide financial statements as they are not current financial resources to governmental funds.1,536,553 Long-term liabilities are not payable with current financial resources and,therefore,are not reported in governmental funds. Bonds (9,095,000) Unamortized bond premiums (544,915) Lease liability (716,171) Compensated absences (1,001,179) Net pension liability (7,577,873) Total OPEB liability (1,027,909) Interest on long-term debt is included in the change in net position as it accrues,regardless of when payment is due. However, it is included in the change in fund balances when due.(133,685) Internal service funds are used by management to charge certain costs to individual funds.The assets and liabilities of the internal service funds are included in governmental activities in the Statement of Net Position.2,648,191 Due to availability,certain revenues are not recognized under the governmental fund statements until received;however,under full accrual in the government-wide Statement of Activities,revenues are recorded when earned regardless of when received. Delinquent property taxes 150,512 Delinquent and deferred special assessments 2,750,016 Long-term receivables 394,210 Governmental funds do not report certain long-term amounts related to pensions that are included in net position. Deferred outflows of resources – pension plan deferments 8,205,989 Deferred outflows of resources – OPEB plan deferments 33,246 Deferred inflows of resources – pension plan deferments (7,998,393) Total net position – governmental activities 64,975,681$ Amounts reported for governmental activities in the Statement of Net Position are different because: as of December 31, 2023 CITY OF FARMINGTON Reconciliation of the Balance Sheet to the Statement of Net Position Governmental Funds Total fund balances – governmental funds See notes to basic financial statements -21- Page 153 of 352 Special Revenue –Capital Federal Projects – General Aid Private Revenues Property taxes 13,070,482$ –$ –$ Franchise taxes 145,000 – – Special assessments 2,474 – – Licenses and permits 927,731 – – Intergovernmental 852,169 942,028 – Charges for services 694,094 – – Fines and forfeits 57,509 – – Investment earnings 363,980 75,256 83,525 Other 86,229 – – Total revenues 16,199,668 1,017,284 83,525 Expenditures Current General government 3,122,528 942,029 – Public safety 7,112,803 – – Public works 3,019,828 – – Parks and recreation 1,600,767 – – Economic development – – – Capital outlay General government 4,800 – – Public safety 8,461 – – Public works 14,104 – – Parks and recreation 23,397 – – Debt service Principal – – – Interest and fiscal charges – – – Total expenditures 14,906,688 942,029 – Excess (deficiency) of revenues over expenditures 1,292,980 75,255 83,525 Other financing sources (uses) Sale of capital assets 8,228 – – Leases issued – – – Transfers in 1,497,734 – – Transfers out (1,642,022)– – Total other financing sources (uses)(136,060) – – Net change in fund balances 1,156,920 75,255 83,525 Fund balances (deficits) Beginning of year 7,831,517 (82,501) 42,300 End of year 8,988,437$ (7,246)$ 125,825$ Year Ended December 31, 2023 Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances CITY OF FARMINGTON See notes to basic financial statements -22- Page 154 of 352 Capital Projects –Debt Storm Water Service – Trunk Closed Bond Nonmajor Total 166,000$ –$ 2,014,520$ 15,251,002$ – – 56,431 201,431 – 500,114 17,528 520,116 – – – 927,731 – – 3,149,671 4,943,868 277,962 – 1,059,645 2,031,701 – – – 57,509 228,231 50,968 476,025 1,277,985 – – 351,296 437,525 672,193 551,082 7,125,116 25,648,868 – – 119,761 4,184,318 – – 94,124 7,206,927 – – 846,936 3,866,764 – – 643,223 2,243,990 – – 177,927 177,927 – – – 4,800 – – 1,207,977 1,216,438 – – 4,168,592 4,182,696 – – 234,520 257,917 – – 1,706,097 1,706,097 7,883 – 388,658 396,541 7,883 – 9,587,815 25,444,415 664,310 551,082 (2,462,699) 204,453 – – 128,140 136,368 – – 714,239 714,239 – 1,046,942 2,398,528 4,943,204 – – (1,470,388) (3,112,410) – 1,046,942 1,770,519 2,681,401 664,310 1,598,024 (692,180) 2,885,854 4,703,897 – 12,970,707 25,465,920 5,368,207$ 1,598,024$ 12,278,527$ 28,351,774$ -23- Page 155 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 156 of 352 2,885,854$ Governmental funds report capital outlays as expenditures.However,in the Statement of Activities,the cost of those assets is allocated over their estimated useful lives and reported as depreciation/amortization expense. Capital outlay 6,195,552 Transfer of capital assets to business-type activities (2,284,363) Depreciation/amortization expense (2,514,665) A gain or loss on the disposal of capital assets,including the difference between the carrying value and any related sale proceeds,is included in the change in net position.However,only the sale proceeds are included in the change in fund balances. (3,387) Net pension assets are included in net position,but are excluded from fund balances because they do not represent financial resources. (177,552) The issuance of long-term debt provides current financial resources to governmental funds,while the repayment of long-term debt consumes the current financial resources of governmental funds.Neither transaction,however,has any effect on net position.Other long-term adjustments are also made between the governmental funds and the Statement of Activities for debt premiums, compensated absences, pension liabilities, and OPEB obligations. Debt issued (714,239) Principal payments for debt 1,706,097 Debt premiums 123,455 Compensated absences 84,081 Net pension liability 7,863,986 Total OPEB liability 160,046 Interest on long-term debt in the Statement of Activities differs from the amount reported in the governmental funds because interest is recognized as an expenditure in the funds when it is due,and thus requires the use of current financial resources.In the Statement of Activities,however,interest expense is recognized as the interest accrues, regardless of when it is due.33,094 Internal service funds are used by management to charge certain costs to individual funds.The net revenue of certain activities of internal service funds is reported with governmental activities in the government-wide financial statements.(126,791) Certain revenues included in net position as soon as they are earned are not included in the change in fund balances until available to liquidate liabilities of the current period. Delinquent property taxes 33,707 Delinquent and deferred special assessments (371,134) Long-term receivable (1,239,117) Governmental funds do not report additions or deletions to certain long-term amounts related to pensions that are included in the change in net position. Deferred outflows of resources – pension plan deferments (1,261,127) Deferred outflows of resources – OPEB plan deferments (27,081) Deferred inflows of resources – pension plan deferments (7,179,184) Change in net position – governmental activities 3,187,232$ CITY OF FARMINGTON Year Ended December 31, 2023 Governmental Funds to the Statement of Activities Amounts reported for governmental activities in the Statement of Activities are different because: Total net change in fund balances – governmental funds Revenues, Expenditures, and Changes in Fund Balances Reconciliation of the Statement of See notes to basic financial statements -24- Page 157 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 158 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Property taxes 13,087,930$ 13,070,482$ (17,448)$ Franchise taxes 145,000 145,000 – Special assessments – 2,474 2,474 Licenses and permits 915,470 927,731 12,261 Intergovernmental 623,320 852,169 228,849 Charges for services 460,919 694,094 233,175 Fines and forfeits 55,000 57,509 2,509 Investment earnings 51,000 363,980 312,980 Other 48,410 86,229 37,819 Total revenues 15,387,049 16,199,668 812,619 Expenditures Current General government 3,007,352 3,122,528 115,176 Public safety 7,386,575 7,112,803 (273,772) Public works 3,213,039 3,019,828 (193,211) Parks and recreation 1,581,264 1,600,767 19,503 Capital outlay General government 2,000 4,800 2,800 Public safety 20,000 8,461 (11,539) Public works 3,300 14,104 10,804 Parks and recreation 29,231 23,397 (5,834) Total expenditures 15,242,761 14,906,688 (336,073) Excess of revenues over expenditures 144,288 1,292,980 1,148,692 Other financing sources (uses) Sale of capital assets – 8,228 8,228 Transfers in 1,497,734 1,497,734 – Transfers out (1,642,022)(1,642,022) – Total other financing sources (uses)(144,288) (136,060) 8,228 Net change in fund balances –$ 1,156,920 1,156,920$ Fund balances Beginning of year 7,831,517 End of year 8,988,437$ CITY OF FARMINGTON Year Ended December 31, 2023 General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances Budget and Actual See notes to basic financial statements -25- Page 159 of 352 Liquor Sewer Solid Storm Operations Operations Waste Water Assets Current assets Cash and investments 2,352,268$ 2,726,259$ 1,458,338$ 2,945,877$ Cash restricted for drinking water treatment plant – – – – Receivables Accounts 90,958 600,194 734 287,957 Interest 9,691 11,249 6,017 12,155 Delinquent special assessments – 15,271 – – Deferred special assessments – 255,653 – – Due from other governments – – – – Inventory 654,431 – – – Prepaid items 40 – – – Total current assets 3,107,388 3,608,626 1,465,089 3,245,989 Noncurrent assets Capital assets Land – 85,000 – 84,992 Buildings – – – – Improvements other than buildings 358,276 – – – Machinery and equipment 303,945 999,791 – 433,883 Distribution system – – – – Collection system – 29,713,301 – 21,721,102 Leases – buildings 951,551 – – – Less accumulated depreciation/amortization (585,705) (15,355,113) – (9,559,932) Total capital assets (net of accumulated depreciation/amortization)1,028,067 15,442,979 – 12,680,045 Total assets 4,135,455 19,051,605 1,465,089 15,926,034 Deferred outflows of resources Pension plan deferments – PERA 100,096 – – – OPEB plan deferments 2,099 – – – Total deferred outflows of resources 102,195 – – – Total assets and deferred outflows of resources 4,237,650$ 19,051,605$ 1,465,089$ 15,926,034$ Liabilities Current liabilities Accounts and contracts payable 289,817$ 26,252$ –$ 13,212$ Accrued salaries and employee benefits payable – – – – Deposits payable – – – – Due to other governments 68,841 74,550 – – Accrued interest payable – – – – Compensated absences payable – current 33,762 – – – Bonds payable – current – – – – Lease liability – current 100,907 – – – Total current liabilities 493,327 100,802 – 13,212 Noncurrent liabilities Compensated absences payable 11,254 – – – Bonds payable (net of unamortized premiums)– – – – Lease liability 727,214 – – – Net pension liability – PERA 370,742 – – – Total OPEB liability 64,914 – – – Total noncurrent liabilities 1,174,124 – – – Total liabilities 1,667,451 100,802 – 13,212 Deferred inflows of resources Pension plan deferments – PERA 125,385 – – – Net position Net investment in capital assets 199,946 15,442,979 – 12,680,045 Restricted for drinking water treatment plant – – – – Unrestricted 2,244,868 3,507,824 1,465,089 3,232,777 Total net position 2,444,814 18,950,803 1,465,089 15,912,822 Total liabilities, deferred inflows of resources, and net position 4,237,650$ 19,051,605$ 1,465,089$ 15,926,034$ as of December 31, 2023 Business-Type Activities – Enterprise Funds CITY OF FARMINGTON Statement of Net Position Proprietary Funds See notes to basic financial statements -26- Page 160 of 352 Governmental Street Activities – Water Light Total Internal Service 10,180,637$ 381,402$ 20,044,781$ 2,981,278$ 2,461,488 – 2,461,488 – 462,446 34,194 1,476,483 – 52,062 1,574 92,748 12,301 – – 15,271 – – – 255,653 – 1,195 – 1,195 15,862 – – 654,431 – – – 40 4,125 13,157,828 417,170 25,002,090 3,013,566 328,384 – 498,376 – 5,290,137 – 5,290,137 – 1,534,818 – 1,893,094 – 567,340 – 2,304,959 99,124 34,072,870 – 34,072,870 – – – 51,434,403 – – – 951,551 – (21,114,202)– (46,614,952) (96,375) 20,679,347 – 49,830,438 2,749 33,837,175 417,170 74,832,528 3,016,315 – – 100,096 – – – 2,099 – – – 102,195 – 33,837,175$ 417,170$ 74,934,723$ 3,016,315$ 78,173$ 33,397$ 440,851$ 86,133$ – – – 227,489 88,585 – 88,585 2,720 3,181 – 146,572 – 8,950 – 8,950 – – – 33,762 51,782 70,000 – 70,000 – – – 100,907 – 248,889 33,397 889,627 368,124 – – 11,254 – 446,207 – 446,207 – – – 727,214 – – – 370,742 – – – 64,914 – 446,207 – 1,620,331 – 695,096 33,397 2,509,958 368,124 – – 125,385 – 20,163,140 – 48,486,110 2,749 2,461,488 – 2,461,488 – 10,517,451 383,773 21,351,782 2,645,442 33,142,079 383,773 72,299,380 2,648,191 33,837,175$ 417,170$ 74,934,723$ 3,016,315$ -27- Page 161 of 352 Liquor Sewer Solid Storm Operations Operations Waste Water Operating revenue Sales 6,765,798$ –$ –$ –$ Charges for services – 2,757,991 9,105 1,327,520 Insurance reimbursement – – – – Total operating revenue 6,765,798 2,757,991 9,105 1,327,520 Cost of goods sold 5,049,555 – – – Gross profit 1,716,243 2,757,991 9,105 1,327,520 Operating expenses Personal services 662,090 830 – 204 Professional services 325,276 2,175,626 54,102 183,212 Materials and supplies 11,627 27,683 22,168 21,573 Insurance – – – – Depreciation/amortization 163,546 665,198 – 471,134 Total operating expenses 1,162,539 2,869,337 76,270 676,123 Operating income (loss)553,704 (111,346) (67,165) 651,397 Nonoperating revenues (expenses) Intergovernmental 46 – 4,088 – Investment earnings 90,136 108,581 70,081 117,340 Loss on sale of capital assets – (605) – (48,916) Other 4,241 4,575 1,500 100 Interest and fiscal charges (43,987) (2,294)– – Total nonoperating revenues (expenses)50,436 110,257 75,669 68,524 Income (loss) before contributions and transfers 604,140 (1,089) 8,504 719,921 Capital contributions – 629,637 – 868,749 Transfers in – – – – Transfers out (195,126)(355,055)(416,082)(431,654) Change in net position 409,014 273,493 (407,578) 1,157,016 Net position Beginning of year 2,035,800 18,677,310 1,872,667 14,755,806 End of year 2,444,814$ 18,950,803$ 1,465,089$ 15,912,822$ Business-Type Activities – Enterprise Funds CITY OF FARMINGTON Statement of Revenues, Expenses, and Changes in Fund Net Position Proprietary Funds Year Ended December 31, 2023 See notes to basic financial statements -28- Page 162 of 352 Governmental Street Activities – Water Light Total Internal Service –$ –$ 6,765,798$ –$ 2,496,686 237,519 6,828,821 3,797,451 – – – 328,057 2,496,686 237,519 13,594,619 4,125,508 – – 5,049,555 – 2,496,686 237,519 8,545,064 4,125,508 11,314 – 674,438 3,404,583 629,376 214,462 3,582,054 494,315 230,969 295 314,315 181,704 – – – 334,721 1,003,217 – 2,303,095 1,100 1,874,876 214,757 6,873,902 4,416,423 621,810 22,762 1,671,162 (290,915) 6,688 – 10,822 – 511,711 15,730 913,579 129,102 (2,426) – (51,947) – 302,389 1,286 314,091 – (11,913)– (58,194) – 806,449 17,016 1,128,351 129,102 1,428,259 39,778 2,799,513 (161,813) 785,977 – 2,284,363 – – – – 35,022 (467,899)– (1,865,816) – 1,746,337 39,778 3,218,060 (126,791) 31,395,742 343,995 69,081,320 2,774,982 33,142,079$ 383,773$ 72,299,380$ 2,648,191$ -29- Page 163 of 352 Liquor Sewer Solid Storm Operations Operations Waste Water Cash flows from operating activities Cash received from customers 6,757,852$ 2,735,204$ 34,321$ 1,311,044$ Cash receipts from other funds and reimbursements – – – – Cash payments to suppliers (5,138,489) (2,153,832) (81,517) (198,876) Cash payments to employees for services (649,386) (830) – (204) Cash payments for interfund services used – – – – Net cash flows from operating activities 969,977 580,542 (47,196) 1,111,964 Cash flows from noncapital financing activities Intergovernmental revenue 46 – 4,088 – Transfers in – – – – Transfers out (195,126) (355,055) (416,082) (431,654) Net cash flows from noncapital financing activities (195,080) (355,055) (411,994) (431,654) Cash flows from capital and related financing activities Acquisition and construction of capital assets (6,320) – – – Principal payment on bonds and leases (94,184) – – – Interest and fiscal charges paid (43,987) (2,294) – – Net cash flows from capital and related financing activities (144,491) (2,294) – – Cash flows from investing activities Interest received and changes in fair value on investments 85,572 104,863 69,768 111,947 Net increase in cash and cash equivalents 715,978 328,056 (389,422) 792,257 Cash and cash equivalents Beginning of year 1,636,290 2,398,203 1,847,760 2,153,620 End of year 2,352,268$ 2,726,259$ 1,458,338$ 2,945,877$ Reconciliation of operating income (loss) to net cash flows from operating activities Operating income (loss)553,704$ (111,346)$ (67,165)$ 651,397$ Adjustments to reconcile operating income (loss) to net cash flows from operating activities Depreciation/amortization 163,546 665,198 – 471,134 Other 4,241 4,575 1,500 100 Change in assets, deferred outflows of resources, liabilities, and deferred inflows of resources Accounts receivable (12,187) (35,313) 2,190 (16,576) Special assessments – 7,951 – – Due from other governments – – 21,526 – Inventory 32,941 – – – Prepaid items – – – – Deferred outflows of resources – pension plan deferments 59,744 – – – Deferred outflows of resources – OPEB plan deferments 1,748 – – – Accounts and contracts payable 207,222 19,657 (5,247) 5,909 Accrued salaries and employee benefits – – – – Deposits payable – – – – Due to other governments 7,806 29,820 – – Compensated absences (1,306) – – – Net pension liability (148,812) – – – Total OPEB liability (10,832) – – – Deferred inflows of resources – pension plan deferments 112,162 – – – Net cash flows from operating activities 969,977$ 580,542$ (47,196)$ 1,111,964$ Schedule of noncash capital and related financing activities Capital assets contributed from governmental funds –$ 629,637$ –$ 868,749$ Net book values of capital asset disposals –$ 605$ –$ 48,916$ Amortization of bond premium –$ –$ –$ –$ Business-Type Activities – Enterprise Funds CITY OF FARMINGTON Statement of Cash Flows Proprietary Funds Year Ended December 31, 2023 See notes to basic financial statements -30- Page 164 of 352 Governmental Street Activities – Water Light Total Internal Service 2,719,569$ 235,210$ 13,793,200$ –$ – – – 4,150,508 (850,433) (215,249) (8,638,396) – (11,314) – (661,734) (3,411,740) – – – (958,223) 1,857,822 19,961 4,493,070 (219,455) 6,688 – 10,822 – – – – 35,022 (467,899) – (1,865,816) – (461,211) – (1,854,994) 35,022 (28,180) – (34,500) – (65,000) – (159,184) – (23,175) – (69,456) – (116,355) – (263,140) – 493,778 15,243 881,171 126,300 1,774,034 35,204 3,256,107 (58,133) 10,868,091 346,198 19,250,162 3,039,411 12,642,125$ 381,402$ 22,506,269$ 2,981,278$ 621,810$ 22,762$ 1,671,162$ (290,915)$ 1,003,217 – 2,303,095 1,100 302,389 1,286 314,091 – (80,231) (3,595) (145,712) 40,738 – – 7,951 – 725 – 22,251 (15,738) – – 32,941 – – – – 41,559 – – 59,744 – – – 1,748 – 19,957 (492) 247,006 9,280 – – – (8,870) (11,327) – (11,327) 714 1,282 – 38,908 – – – (1,306) 2,677 – – (148,812) – – – (10,832) – – – 112,162 – 1,857,822$ 19,961$ 4,493,070$ (219,455)$ 785,977$ –$ 2,284,363$ –$ 2,426$ –$ 51,947$ –$ 9,913$ –$ 9,913$ –$ -31- Page 165 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 166 of 352 CITY OF FARMINGTON Notes to Basic Financial Statements December 31, 2023 -32- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES A. Organization The City of Farmington, Minnesota (the City) was incorporated in 1872 and operates under the state of Minnesota Statutory Plan A form of government. The City Council is the governing body and is composed of an elected mayor and four councilmembers who exercise legislative authority and determin e all matters of policy. The City provides the following services: public safety, roads, water and sanitary sewer, storm water management, solid waste and recycling disposal, public improvements, planning and zoning, recreation, and general administration. 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 unit. 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 includes 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. As a result of applying these criteria, one organization has been included in this report as follows: Blended Component Unit – The Farmington Economic Development Authority (EDA) is the City’s official decision-making body regarding economic development. The EDA promotes the retention and expansion of existing businesses, while attracting new businesses to the community in order to promote a diversified tax base, job opportunities, and convenient shopping for residents. The EDA is a legally separate entity from the City; however, the City is financially accountable for the EDA. The EDA’s governing board is comprised of the City’s mayor and councilmembers, and the City has the ability to impose its will on the EDA. The EDA does not issue separate financial statements. Therefore, the EDA has been reported as a blended component unit of the City, with its funds reported as funds of the City. C. Government-Wide Financial Statement Presentation The government-wide financial statements (Statement of Net Position and 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 are normally supported by taxes and intergovernmental revenues, are reported separately from business-type activities, which significantly rely upon sales, fees, and charges for support. Page 167 of 352 -33- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) The government-wide Statement of Activities demonstrates the extent to which the direct expense of a given function (general government, public safety, public works, parks and recreation, and economic development) or business-type activity (liquor operations, utility services) is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or business-type activity. Interest on debt is considered an indirect expense and is reported separately in the Statement of Activities. Depreciation/amortization expense is included in the direct expenses of each function. 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 business-type activity and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or business-type activity. Taxes and other items not included among program revenues are reported instead as general revenues. Internally directed revenues are reported as general revenues rather than program 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 and special assessments are recognized as revenues in the fiscal year for which they are certified for levy. 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 governm ent-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. D. Fund Financial Statement Presentation Separate fund financial statements are provided for governmental and proprietary funds. Major individual governmental and enterprise funds are reported as separate columns in the fund financial statements. Aggregated information for the remaining nonmajor funds is reported in a single column in the respective fund financial statements. 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 liab ilities of the current period. For this purpose, the City considers revenues to be available if they are collected within 60 days after year-end. Only the portion of special assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. Grants and similar items are recognized when all eligibility requirements imposed by the provider have been met. Proceeds of long-term debt are reported as other financing sources. Major revenues susceptible to accrual include 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 revenues are recorded only when received because they are not measurable until collected. 2. Recording 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 funds. Page 168 of 352 -34- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Proprietary 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 nonoperating 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/amortization on capital assets. All revenues and expenses that do not meet this definition are reported as nonoperating revenues and expenses. Aggregated information for the internal service funds is reported in a single column in the propriet ary fund financial statements. Because the principal user of the internal services is the City’s governmental activities, the financial statements of the internal service funds 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. Description of Funds The City reports the following major governmental funds: General Fund – This fund is the City’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. Federal Aid Special Revenue Fund – This fund accounts for the operations and activities related to certain federal funding awarded during the COVID-19 pandemic. Private Capital Projects Fund – This fund accounts for engineering and administrative fee deposits related to private development projects within the City. Storm Water Trunk Capital Projects Fund – This fund accounts for the construction and improvement of storm water trunk infrastructure within the City. Closed Bond Debt Service Fund – This fund accounts for accumulated resources related to bond issues that fully matured or were called by the City using internal resources in prior years, which will be for future debt service. The City reports the following major enterprise funds: Liquor Operations Fund – The Liquor Operations Fund accounts for the retail operations of the City’s two off-sale municipal liquor stores. Sewer Operations Fund – The Sewer Operations Fund accounts for the operations of the City’s wastewater collection and treatment systems. Solid Waste Fund – The Solid Waste Fund accounts for the revenue and expenses related to the operation of the City’s garbage collection and recycling programs. The City has been in the process of transitioning these functions to a private contractor beginning in 2022. It is anticipated that this fund will be closed in 2024. Storm Water Fund – The Storm Water Fund accounts for revenues and expenses related to the maintenance and cleaning of the City’s existing storm water collection and holding pond system. Page 169 of 352 -35- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Water Fund – The Water Fund accounts for the operations of the City’s water distribution system, including wells, reservoirs, and trunk infrastructure system. Street Light Fund – The Street Light Fund accounts for the financial activities related to city-owned street lights. Additionally, the City reports the following fund type: Internal Service Funds – Internal service funds account for the financing of goods and services provided to other departments or agencies of the City on a cost-reimbursement basis. The City’s internal service funds account for employee benefits expenses, insurance, fleet services, and technology services. E. Budgets and Budgetary Accounting Budgets are prepared annually on a modified accrual basis and legally adopted by the City Council for the General Fund, most special revenue funds, the Debt Service Fund (in total), and most capital projects funds. No fiscal 2023 budgets were adopted for the Federal Aid, Police Public Outreach, K-9, or Public Safety Special Revenue Funds; for the Parking Lot Project, Akin Street Reconstruction, Spruce Street Reconstruction, Capital Projects Reserve, 2024 Street Improvements, or Emerald Ash Borer Capital Projects Funds; or for the Closed Bond Debt Service Fund. Budgeted expenditure appropriations lapse at year-end. The City follows these procedures in establishing the budgetary data reflected in the financial statements: 1. The city administrator submits a proposed operating budget for the fiscal year commencing the following January 1 to the City Council. The operating budget includes proposed expenditures and the means of financing them. 2. The City Council reviews the proposed budgets and makes the appropriate changes. 3. Public hearings are conducted to obtain taxpayer comments. 4. The budgets are legally enacted through passage of a resolution on a departmental basis and can be expended by each department based upon detailed budget estimates for individual expenditure accounts. 5. Formal budgetary integration is employed as a management control device during the year for the governmental and enterprise funds. 6. The legal level of budgetary control is at the fund level. Expenditures may not legally exceed budgeted appropriations at the total fund level. Monitoring of budgets is maintained at the expenditure category level (e.g., personnel services, supplies, other services and charges, etc.) within each department. Management can exceed appropriations at the department level without City Council approval. The City Council must approve any expenditures over budget at the fund level by resolution or through the disbursement process. 7. The City Council may authorize transfers of budgeted amounts between funds. Page 170 of 352 -36- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) For the year ended December 31, 2023, expenditures exceeded budget for the following funds. Expenditures in excess of budget were approved by the City Council either through the disbursement process or separate City Council action. Budgeted Actual Expenditures Expenditures Major funds Storm Water Trunk Capital Projects –$ 7,883$ Nonmajor special revenue funds Police Donations and Forfeitures 2,000$ 2,195$ Arena 453,107$ 493,543$ Nonmajor capital projects funds Sanitary Sewer Trunk –$ 18,575$ Fire 7,000$ 42,998$ General Capital Equipment 557,408$ 1,315,883$ F. Cash and Investments Cash and investments include balances from all funds that are combined and invested to the extent available in various securities as authorized by state law. Earnings from the pooled investments are allocated to the respective funds based on month-end outstanding balances for each fund. Certain resources set aside for future use, such as the construction of a drinking water treatment plant , are classified as restricted assets on the Statement of Net Position, because their use is limited by outside agreements. Interest on these investments is allocated to the respective fund. For purposes of the Statement of Cash Flows, the City considers all highly liquid 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 cash equivalent. It is the City’s policy to invest in a manner that seeks to ensure preservation of capital in the overall portfolio. Safety of principal is the foremost objective, but liquidity and yield are also important considerations. The objective will be to mitigate credit risk by purchasing only highly rated securities or with adequate collateral and interest rate risk by matching maturities to cash flow needs and holding securities to maturity. The City reports all investments at fair value. 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. Page 171 of 352 -37- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) G. Receivables Utility and miscellaneous accounts receivable are reported at gross. 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 current receivables. Receivables not expected to be fully collected within one year include leases, special assessments, property taxes, and certain state-aid receivables. H. Interfund Balances and Transfers In the fund financial statements, balances between funds that are representative of lending or borrowing arrangements are 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.” Interfund balances and transfers reported in the fund financial statements are eliminated to the extent possible in the government-wide financial statements. Any residual balances outstanding between the governmental activities and business-type activities are reported in the government-wide financial statements as “internal balances.” I. Property Taxes Property tax levies are set by the City Council in December of each year and certified to Dakota County for collection in the following year. In Minnesota, counties act as collection agents for all property taxes, spreading the levies over all taxable property. Such taxes become a lien on January 1 and are recorded as receivables by the City on that date. Tax levies on real property are payable 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 four times a year: in June, July, December, and January. Property taxes 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, taxes are recognized as revenue when received in cash or within 60 days after year-end. Taxes which remain unpaid on December 31 are classified as delinquent taxes receivable and are offset by a deferred inflow of resources in the governmental fund financial statements. J. Special Assessments Special assessments represent the financing for public improvements paid for by benefiting property owners. 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. K. Inventories Inventories of the proprietary funds, primarily the liquor operations, are stated at cost, which approximates market, using the average cost method. L. Prepaid Items 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. Prepaid items are reported using the consumption method and recorded as expenditures/expenses at the time of consumption. Page 172 of 352 -38- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) M. Capital Assets Capital assets, which include property, buildings, improvements, equipment, infrastructure assets (roads, bridges, sidewalks, and similar items), and intangible assets, such as easements, are reported in the applicable governmental or business-type activities columns in the government-wide financial statements and in the proprietary fund financial statements, but not in the governmental fund 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 on the date of donation. Lease assets are recorded based on the measurement of payments applicable to the lease term. The City defines capital assets as those with an initial, individual cost of $5,000 or more with an estimated useful life in excess of five years. 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. Land, easements, and construction in progress are not depreciated. Lease assets are amortized over the term of the lease or over the useful life of the applicable asset class previously described, if future ownership is anticipated. The other classes of capital assets are depreciated using the straight-line method over the following estimated useful lives: Buildings 20–50 years Improvements other than buildings 20–50 years Machinery and equipment 5–20 years Infrastructure 30 years Collection/distribution systems 50 years N. Deferred Outflows/Inflows of Resources In addition to assets and liabilities, statements of financial position or balance sheets may report separate financial statement elements called deferred outflows of resources or deferred inflows of resources. These separate financial statement elements represent a consumption or acquisition of net assets, respectively, that apply to future periods and will not be recognized as an outflow of financial resources (expense/expenditure) or an inflow of financial resources (revenue) until then. Deferred outflows and inflows of resources related to pension and other post-employment benefits (OPEB) plans are reported in the government-wide and enterprise funds Statements of Net Position. These deferred outflows and inflows result from differences between expected and actual experience, changes in proportion, changes of assumptions, net collective difference between projected and actual earnings on plan investments, and from contributions to the plans subsequent to the measurement date and before the end of the reporting period. These amounts are deferred and amortized as required under applicable pension or OPEB standards. The City also reports deferred inflows of resources related to leases. Lessors are required to recognize deferred inflows of resources corresponding to lease receivables, which are reported in both the governmental fund financial statements and the government-wide financial statements. These amounts are deferred and amortized in a systematic and rationale manner over the term of the lease. Unavailable revenue arises only under a modified accrual basis of accounting and, therefore, is only reported in the governmental funds Balance Sheet. The governmental funds report unavailable revenue from: property taxes, special assessments, and long-term receivables. These amounts are deferred and recognized as inflows of resources in the period that the amounts become available. Page 173 of 352 -39- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) O. Long-Term Obligations In the government-wide and proprietary fund financial statements, long-term debt and other long-term obligations are reported as liabilities. Bond premiums and discounts, if material, are deferred and amortized over the life of the bonds using the straight-line method. In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources , while discounts on debt issuances are reported as other financing uses. P. Compensated Absences It is the City’s policy to permit employees to accumulate earned, but unused leave benefits as either paid time off (PTO), or vacation and sick leave. Under the City’s personnel policies and collective bargaining contracts, city employees are granted leave benefits in varying amounts based on length of service. No liability is recorded for nonvesting accumulating rights to receive sick leave benefits. As benefits accrue to employees, the accumulated PTO, vacation, and vested sick leave is reported as expense and liability in the government-wide and proprietary fund financial statements. Accrued PTO, vacation, and any po rtion of sick leave payable to employees upon termination are reported as expenditures in the governmental fund that will pay them when they become due and payable. Q. 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 position 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 paid dates and benefit payments, and refunds are recognized when due and payable in accordance with the benefit terms. Investments are reported at fair value. R. Risk Management The City is exposed to various risks of loss related to torts: theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. The City continues to carry commercial insurance for risks of loss, including workers’ compensation, property and general liability, and employee health and accident insurance. The City retains risk for the deductible portions of the insurance policies. The amount of these deductibles is considered immaterial to the financial statements. Property and Casualty Insurance – Property and casualty insurance is provided through the League of Minnesota Cities Insurance Trust (LMCIT), a public entity risk pool currently operating as a common risk management and insurance program for Minnesota cities: general liability, excess liability, property, automobile, marine, crime, federal laws, employee dishonesty, boiler, petro fund, and open meeting law. The City pays an annual premium to the LMCIT for its insurance coverage. The LMCIT is self -sustaining through member premiums and will reinsure through commercial companies for excess claims. The LMCIT allows the pool to make additional assessments to make the pool self-sustaining. Current state statutes (Minnesota Statutes, Subd. 466.04) provide limits of liability for the City. These limits are that the combination of defense expense and indemnification expense shall not exceed $500,000 in the case of one claimant or $1,500,000 for any number of claims arising out of a single occurrence. The City retains risk for the deductible portion of its insurance policies and any potential judicial ruling in excess of the statutory maximum. The City has never had a claim in excess of the statutory maximum. There were no significant reductions in insurance from the previous year or settlements in excess of insurance coverage for any of the past three fiscal years. Page 174 of 352 -40- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) Workers’ Compensation Insurance – Workers’ compensation coverage is provided through a pooled self-insurance program through the LMCIT. The City pays an annual premium to the LMCIT. The City is subject to supplemental assessments as deemed necessary by the LMCIT. The LMCIT reinsures through the Workers’ Compensation Reinsurance Association as required by law. The City’s premiums are determined after loss experience is known. The amount of premium adjustment, if any, is considered immaterial, and is not recorded until received or paid. S. Net Position Classifications and Flow Assumptions In the government-wide and proprietary fund financial statements, net position represents the difference between assets, deferred outflows of resources, liabilities, and deferred inflows of resources. Net position is displayed in three components: • Net Investment in Capital Assets – Consists of capital assets, net of accumulated depreciation and amortization, reduced by any outstanding debt attributable to acquire capital assets. • 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. • Unrestricted Net Position – All other elements of 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. T. Fund Balance Classifications and Flow Assumptions 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: • Nonspendable – Consists of amounts that are not in spendable form, such as prepaid items, inventory, and other long-term assets. • Restricted – Consists of amounts related to externally imposed constraints established by creditors, grantors, or contributors; or constraints imposed by state statutory provisions. • Committed – Consists of internally imposed constraints that are established by resolution of the City Council. Those committed amounts cannot be used for any other purpose unless the City Council removes or changes the specified use by taking the same type of action it employed to previously commit those amounts. • 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 restricted or committed. These constraints are established by the City Council and/or management. The City Council has adopted a fund balance policy, which delegates the authority to assign amounts for specific purposes to the city administrator and/or finance director. • 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 unrestricted resources as 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. Page 175 of 352 -41- NOTE 1 – SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) U. Use of Estimates The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America, requires management to make estimates and assumptions that affect the amounts reported in the financial statements during the reporting period. Actual results could differ from those estimates. NOTE 2 – DEPOSITS AND INVESTMENTS A. Components of Cash and Investments Cash and investments at year-end consist of the following: Deposits 12,294,914$ Investments 44,344,873 Petty cash 4,032 Total 56,643,819$ Cash and investments are included on the basic financial statements as follows: Statement of Net Position Cash and investments 54,182,331$ Restricted assets – temporarily restricted Cash for future drinking water treatment plant 2,461,488 Total 56,643,819$ B. Deposits In accordance with applicable Minnesota Statutes, the City maintains deposits at depository banks authorized by the City Council, including checking and savings accounts. 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 percent 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 $12,294,914, while the balance on the bank records was $12,486,284. At December 31, 2023, all deposits were fully covered by federal deposit insurance, surety bonds, or by collateral held by the City’s agent in the City’s name. Page 176 of 352 -42- NOTE 2 – DEPOSITS AND INVESTMENTS (CONTINUED) C. Investments The City has the following investments at year-end: Fair Value Measurements Investment Type Rating Agency Using Less Than 1 1 to 5 Total U.S. treasury securities Level 2 8,814,196$ 2,599,511$ 11,413,707$ U.S. agency securities AA S&P Level 2 3,054,505 10,898,521 13,953,026 U.S. agency securities Aaa Moody’s Level 2 – 457,332 457,332 Municipal bonds AAA S&P Level 2 – 1,287,478 1,287,478 Municipal bonds Aa Moody’s Level 2 586,304 4,213,307 4,799,611 Municipal bonds AA S&P Level 2 888,541 4,529,256 5,417,797 Municipal bonds A Moody’s Level 2 – 369,568 369,568 Negotiable certificates of deposit Level 2 2,983,634 3,408,038 6,391,672 16,327,180$ 27,763,011$ 44,090,191 Investment pools/mutual funds AAA S&P Level 1 254,682 Total investments 44,344,873$ Credit Risk Not Rated Interest Risk – Maturity Duration in Years Not Applicable 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’s investment policies do not further address this risk. 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; shares of investment companies registered under the Federal Investment Company Act of 1940 that receive the highest credit rating, are rated in one of the two highest rating categories by a statistical rating agency, and all of the investments have a final maturity of 13 months or less; general obligations rated “A” or better; revenue obligations rated “AA” or better; general obligations of the Minnesota Housing Finance Agency rated “A” or better; bankers’ acceptances of United States banks eligible for purchase by the Federal Reserve System; commercial paper issued by 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; Guaranteed Investment Contracts guaranteed by a United States commercial bank, domestic branch of a foreign bank, or a United States insurance company, and with a credit quality in one of the top two highest categories; repurchase or reverse purchase agreements and securities lending agreements with financial institutions qualified as a “depository” by the government entity, with banks that are members of the Federal Reserve System with capitalization exceeding $10,000,000; that are a primary reporting dealer in U.S. government securities to the Federal Reserve Bank of New York; or certain Minnesota securities broker-dealers. The City’s investment policies do not further address credit risk. Page 177 of 352 -43- NOTE 2 – DEPOSITS AND INVESTMENTS (CONTINUED) Concentration Risk – This is the risk associated with investing a significant portion of the City’s investments (considered 5.0 percent or more) in the securities of a single issuer, excluding U.S. guaranteed investments (such as treasuries), investment pools, and mutual funds. The City’s investment policy places no limit on the amount the City may invest in any one issuer. However, it discusses the need to diversify investments to minimize risk. Of the City’s investment portfolio at December 31, 2023, 15.2 percent were issued by the Federal Home Loan Bank, 7.0 percent were issued by the Federal Farm Credit Bank, and 6.0 percent were issued by the Federal National Mortgage Association. Interest Rate Risk – This is the risk of potential variability in the fair value of fixed rate investments resulting from changes in interest rates (the longer the period for which an interest rate is fixed, the greater the risk). The City’s investment policy states the investment portfolio should be structured to meet cash requirements for ongoing operations. The policy limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates, stating that no more than 30 percent of total investments should extend beyond 5 years and none should extend beyond 15 years. The City’s year-end investment portfolio maturities comply with this policy. NOTE 3 – INTERFUND BALANCES AND TRANSFERS A. Interfund Balances The City had the following interfund balances at year-end: Payable Fund Purpose Amount Governmental Governmental General Nonmajor Cash flow 2,691$ Nonmajor Nonmajor Cash flow 35,379 38,070$ Receivable Fund B. Interfund Transfers The following transfers were made during the year: Proprietary Debt Service Internal General – Closed Bond Nonmajor Service Total Governmental General –$ –$ 1,609,000$ (3)33,022$ (1)1,642,022$ Nonmajor – 1,046,942 (2)423,446 (4)– 1,470,388 Proprietary – Enterprise Liquor Operations 94,126 (1)– 100,000 (5)1,000 (1)195,126 Sewer Operations 354,055 (1)– – 1,000 (1)355,055 Solid Waste 150,000 (1)– 266,082 (6)– 416,082 Storm Water 431,654 (1)– – – 431,654 Water 467,899 (1)– – – 467,899 1,497,734$ 1,046,942$ 2,398,528$ 35,022$ 4,978,226$ (1)To fund administrative overhead costs. (2)To close debt service accounts for matured or called bond issues. (3)For EDA operations ($50,000), ice arena ($20,000), emerald ash borer abatement ($50,000), or capital purposes ($1,489,000). (4)For EDA operations ($36,969), ice arena ($70,243), or to close funds ($316,234). (5)For park improvements. (6)For emerald ash borer abatement. Transfers In Governmental Transfers Out Total Page 178 of 352 -44- NOTE 4 – LEASES RECEIVABLE In 2018, the City entered into an agreement to lease space in City Hall to the U.S. Department of Agriculture (USDA). The USDA is required to make monthly payments for the space rental for a 20 -year term maturing February 28, 2038, with a 3.0 percent interest rate. As part of this agreement, the City made improvements to the space in accordance with USDA specifications with a total cost of $113,500. The USDA will reimburse the City for the full cost of these improvements through noncancelable monthly payments annually over a 10-year period, with 3.0 percent interest. During the current year, the City received principal and interest payments of $16,908. Additionally, the City received $12,637 in other variable payments for common area maintenance fees, which are not a part of the lease asset. NOTE 5 – CAPITAL ASSETS Capital asset activity for the year ended December 31, 2023 was as follows: A. Changes in Capital Assets Used in Governmental Activities Beginning Completed Ending Balance Additions Deletions Construction Transfers Balance Capital assets, not depreciated/amortized Land 1,350,435$ –$ –$ –$ –$ 1,350,435$ Easements 307,867 – – – – 307,867 Construction in progress 2,574,042 4,677,102 – (6,696,191) – 554,953 Total capital assets, not depreciated/amortized 4,232,344 4,677,102 – (6,696,191) – 2,213,255 Capital assets, depreciated/amortized Buildings 21,303,850 – – – – 21,303,850 Improvements other than buildings 1,848,362 524,792 – 76,560 – 2,449,714 Machinery and equipment 9,391,667 272,980 (411,620) – – 9,253,027 Infrastructure 59,421,059 – (726,989) 6,619,631 (2,284,363) 63,029,338 Leases – vehicles 99,641 720,678 – – – 820,319 Total capital assets, depreciated/amortized 92,064,579 1,518,450 (1,138,609) 6,696,191 (2,284,363) 96,856,248 Less accumulated depreciation/amortization Buildings 8,006,839 433,533 – – – 8,440,372 Improvements other than buildings 1,553,212 72,034 – – – 1,625,246 Machinery and equipment 5,492,487 541,915 (408,233) – – 5,626,169 Infrastructure 33,622,787 1,370,761 (726,989) – – 34,266,559 Leases – vehicles 10,571 97,522 – – – 108,093 Total accumulated depreciation/amortization 48,685,896 2,515,765 (1,135,222) – – 50,066,439 Net capital assets, depreciated/amortized 43,378,683 (997,315) (3,387) 6,696,191 (2,284,363) 46,789,809 Total capital assets, net 47,611,027$ 3,679,787$ (3,387)$ –$ (2,284,363)$ 49,003,064$ Page 179 of 352 -45- NOTE 5 – CAPITAL ASSETS (CONTINUED) B. Changes in Capital Assets Used in Business-Type Activities Beginning Ending Balance Additions Deletions Transfers Balance Capital assets, not depreciated/amortized Land 498,376$ –$ –$ –$ 498,376$ Capital assets, depreciated/amortized Buildings 5,290,137 – – – 5,290,137 Improvements other than buildings 1,893,094 – – – 1,893,094 Machinery and equipment 2,270,459 34,500 – – 2,304,959 Collection/distribution systems 83,461,594 – (238,684) 2,284,363 85,507,273 Leases – buildings 951,551 – – – 951,551 Total capital assets, depreciated/amortized 93,866,835 34,500 (238,684) 2,284,363 95,947,014 Less accumulated depreciation/amortization Buildings 3,956,508 205,130 – – 4,161,638 Improvements other than buildings 395,195 105,811 – – 501,006 Machinery and equipment 1,637,743 157,195 – – 1,794,938 Collection/distribution systems 38,453,030 1,714,332 (186,737) – 39,980,625 Leases – buildings 56,118 120,627 – – 176,745 Total accumulated depreciation/amortization 44,498,594 2,303,095 (186,737) – 46,614,952 Net capital assets, depreciated/amortized 49,368,241 (2,268,595) (51,947) 2,284,363 49,332,062 Total capital assets, net 49,866,617$ (2,268,595)$ (51,947)$ 2,284,363$ 49,830,438$ C. Depreciation/Amortization Expense by Function Depreciation/amortization expense was charged to the following functions: Governmental activities General government 1,568,023$ Public safety 475,398 Public works 212,989 Parks and recreation 259,355 Total depreciation/amortization expense – governmental activities 2,515,765$ Business-type activities Liquor operations 163,546$ Sewer operations 665,198 Storm water 471,134 Water 1,003,217 Total depreciation/amortization expense – business-type activities 2,303,095$ Page 180 of 352 -46- NOTE 6 – LONG-TERM LIABILITIES A. Components of Long-Term Liabilities Final Original Interest Issue Maturity Balance – Issue Rate Date Date End of Year Governmental activities General obligation improvement bonds G.O. Street Reconstruction Bonds 2015A 3,050,000$ 2.00–3.00%10/15/2015 02/01/2030 1,575,000$ G.O. Street Reconstruction Bonds 2019A 925,000$ 5.00%05/15/2019 02/01/2024 210,000 G.O. Street Reconstruction Bonds 2022A 3,650,000$ 3.00–5.00%07/06/2022 02/01/2033 3,650,000 Total general obligation improvement bonds 5,435,000 General obligation capital improvement bonds G.O. Capital Improvement Refunding Bonds 2016B 4,540,000$ 2.00–3.00%12/01/2016 02/01/2028 2,965,000 General obligation equipment certificates G.O. Equipment Certificates of Indebtedness 2020A 1,105,000$ 5.00%02/19/2020 02/01/2026 695,000 Total bonds and certificates 9,095,000 Unamortized premiums 544,915 Lease liabilities Lease – vehicle 31,238$ 6.62%06/23/2022 06/30/2026 21,807 Lease – vehicle 31,238$ 6.62%06/23/2022 06/30/2026 22,984 Lease – vehicle 29,970$ 7.71%09/23/2022 09/30/2026 21,807 Lease – vehicle 30,637$ 2.68%03/13/2023 03/31/2028 25,988 Lease – vehicle 30,590$ 2.68%03/16/2023 03/31/2028 25,988 Lease – vehicle 30,590$ 2.68%03/16/2023 03/31/2028 25,988 Lease – vehicle 30,590$ 2.68%03/16/2023 03/31/2028 25,988 Lease – vehicle 44,510$ 3.53%04/19/2023 04/30/2028 38,551 Lease – vehicle 50,395$ 2.31%05/25/2023 05/31/2028 44,564 Lease – vehicle 39,285$ 2.79%07/24/2023 07/31/2027 35,129 Lease – vehicle 42,292$ 2.74%07/27/2023 07/31/2028 38,795 Lease – vehicle 40,296$ 2.74%08/21/2023 08/31/2028 37,482 Lease – vehicle 40,296$ 2.74%08/21/2023 08/31/2028 37,482 Lease – vehicle 40,296$ 2.74%08/21/2023 08/31/2028 37,482 Lease – vehicle 40,129$ 2.74%08/24/2023 08/31/2028 37,383 Lease – vehicle 39,267$ 2.79%08/25/2023 08/31/2027 35,911 Lease – vehicle 57,934$ 2.74%08/31/2023 08/31/2028 54,163 Lease – vehicle 39,264$ 3.53%10/12/2023 10/31/2027 37,152 Lease – vehicle 39,302$ 3.53%10/12/2023 10/31/2027 37,188 Lease – vehicle 39,302$ 3.53%10/12/2023 10/31/2027 37,188 Lease – vehicle 39,264$ 3.53%10/12/2023 10/31/2027 37,151 Total lease liabilities 716,171 Compensated absences 1,052,961 Total governmental activities 11,409,047$ Business-type activities General obligation revenue bonds G.O. Water Revenue Bonds 2019A 720,000$ 4.00–5.00%05/15/2019 02/01/2029 465,000$ Unamortized premiums 51,207 Lease liabilities Lease – buildings (Downtown liquor store)745,373$ 6.62%10/01/2021 05/31/2036 689,258 Lease – buildings (Pilot Knob liquor store)211,684$ 5.00%12/01/2022 11/30/2025 138,863 Total lease liabilities 828,121 Compensated absences 45,016 Total business-type activities 1,389,344$ Page 181 of 352 -47- NOTE 6 – LONG-TERM LIABILITIES (CONTINUED) B. Bonds and Certificates Payable • General Obligation Bonds – The City issues general obligation bonds to provide funds for the acquisition and construction of major capital improvements or to refinance (refund) previous bond issues. The reporting entity’s long-term debt is segregated between the amounts to be repaid from governmental activities and amounts to be repaid from business-type activities. General obligation bonds are direct obligations and pledge the full faith and credit of the City. • General Obligation Equipment Certificates – The City issues general obligation equipment certificates of indebtedness in accordance with Minnesota Statutes § 412.301 to finance the purchase of equipment, which will be repaid primarily through ad valorem tax levies. • General Obligation Revenue Bonds – The City issues general obligation revenue bonds to finance capital improvements in the enterprise funds. These bonds will be repaid from future net operating revenues pledged from enterprise funds and are backed by the taxing power of the City. Minimum annual payments required to retire bonds and certificates are as follows: Governmental Activities Year Ending December 31,Principal Interest Principal Interest Principal Interest Principal Interest 2024 740,000$ 194,400$ 560,000$ 68,200$ 220,000$ 29,250$ 1,520,000$ 291,850$ 2025 550,000 168,100 575,000 51,175 230,000 18,000 1,355,000 237,275 2026 570,000 147,450 595,000 33,625 245,000 6,125 1,410,000 187,200 2027 585,000 125,450 610,000 18,600 – – 1,195,000 144,050 2028 610,000 101,950 625,000 6,250 – – 1,235,000 108,200 2029–2033 2,380,000 190,388 – – – – 2,380,000 190,388 Total 5,435,000$ 927,738$ 2,965,000$ 177,850$ 695,000$ 53,375$ 9,095,000$ 1,158,963$ G.O. Improvement G.O. Capital Improvement TotalG.O. Equipment Business-Type Activities Year Ending December 31,Principal Interest 2024 70,000$ 19,800$ 2025 70,000 16,300 2026 75,000 12,675 2027 80,000 8,800 2028 85,000 5,100 2029 85,000 1,700 Total 465,000$ 64,375$ G.O. Revenue C. Revenue Pledged Future revenue pledged for the payment of long-term bonded debt is as follows: Percent Remaining Principal Pledged Use of of Debt Term of Principal and Interest Revenue Bond Issue Proceeds Type Service Pledge and Interest Paid Received G.O. Water Revenue Bonds 2019A Utility improvements Utility charges 100%2019–2029 529,375$ 88,175$ 2,496,686$ Current YearRevenue Pledged Page 182 of 352 -48- NOTE 6 – LONG-TERM LIABILITIES (CONTINUED) D. Ultimate Responsibility for Debt All general obligation bonds are backed by the full faith and credit of the City. The City is subject to statutory limitation by the state of Minnesota for bonded indebtedness payable principally from property taxes equal to 3.0 percent of the taxable market value of property in the City. As of December 31, 2023, the City had not utilized $77,713,834 of its $86,808,834 legal debt limit. E. Lease Liabilities • Leases – Vehicles – The City is leasing a number of vehicles under agreements that are secured by the leased equipment. The total amount of underlying lease assets by major classes and the related accumulated amortization is presented in Note 5 of the notes to basic financial statements. The leases are being paid by the (nonmajor) General Capital Equipment Capital Projects Fund. • Leases – Buildings – The City operates two retail liquor stores known colloquially as Downtown and Pilot Knob. The City leases building space through two agreements that are being paid by the Liquor Operations Enterprise Fund. The Downtown store lease is for an approximately 7,400 square foot space in the Farmington Mall, for which the City paid $26,545 in common area operating expenses in 2023 that are not included in the lease liability. The Pilot Knob location occupies a 4,758 square foot store in the Farmington Gateway Center, for which the City paid $45,915 in common area operating expenses in 2023 that are not included in the lease liability. The total amount of underlying lease assets by major classes and the related accumulated amortization is presented in Note 5 of the notes to basic financial statements. Minimum annual payments required to retire bonds and certificates are as follows: Year Ending December 31,Principal Interest Principal Interest 2024 171,422$ 20,986$ 100,907$ 39,125$ 2025 177,459 14,587 101,686 33,919 2026 171,792 8,098 37,356 30,440 2027 145,574 3,287 41,348 28,482 2028 49,924 425 45,607 26,318 2029–2033 – – 302,380 90,933 2034–2036 – – 198,837 12,814 Total 716,171$ 47,383$ 828,121$ 262,031$ Vehicle Leases Liquor Store Building Leases Governmental Activities Business-Type Activities F. Other Long-Term Liabilities The City provides its employees with various benefits, including compensated absences, and pension benefits and OPEB as further described elsewhere in these notes. The General Fund and Liquor Operations Enterprise Fund will be used to liquidate these liabilities. Page 183 of 352 -49- NOTE 6 – LONG-TERM LIABILITIES (CONTINUED) G. Changes in Long-Term Liabilities Beginning Ending Due Within Balance Additions Deletions Balance One Year Governmental activities G.O. improvement bonds 6,305,000$ –$ 870,000$ 5,435,000$ 740,000$ G.O. capital improvement bonds 3,510,000 – 545,000 2,965,000 560,000 G.O. equipment certificates 905,000 – 210,000 695,000 220,000 Unamortized premiums 668,370 – 123,455 544,915 – Lease liabilities 83,029 714,239 81,097 716,171 171,422 Compensated absences 1,134,365 706,003 787,407 1,052,961 789,721 Total governmental activities 12,605,764 1,420,242 2,616,959 11,409,047 2,481,143 Business-type activities G.O. revenue bonds 530,000 – 65,000 465,000 70,000 Unamortized premiums 61,120 – 9,913 51,207 – Lease liabilities 922,305 – 94,184 828,121 100,907 Compensated absences 46,322 27,186 28,492 45,016 33,762 Total business-type activities 1,559,747 27,186 197,589 1,389,344 204,669 Total government-wide 14,165,511$ 1,447,428$ 2,814,548$ 12,798,391$ 2,685,812$ NOTE 7 – DEFINED BENEFIT PENSION PLANS Employees of the City participate in three defined benefit pension plans. Two of the plans are state-wide, cost-sharing, multiple-employer defined benefit pension plans administered by the PERA of Minnesota: the General Employees Retirement Fund (GERF) and the Public Employees Police and Fire Fund (PEPFF). The third is a single-employer defined benefit pension plan administered through the Farmington Fire Fighters’ Relief Association (the Association). The details of the City’s participation in each of these plans are presented later in these notes. The following table summarizes the impact of these plans on the City’s government-wide financial statements: Farmington Fire Fighters’ Relief Total GERF PEPFF Total Association All Plans Net pension asset –$ –$ –$ 1,536,553$ 1,536,553$ Deferred outflows of resources 1,000,960$ 6,453,848$ 7,454,808$ 851,277$ 8,306,085$ Net pension liability 3,707,422$ 4,241,193$ 7,948,615$ –$ 7,948,615$ Deferred inflows of resources 1,253,850$ 6,202,494$ 7,456,344$ 667,434$ 8,123,778$ Pension expense 629,463$ 1,248,580$ 1,878,043$ 205,963$ 2,084,006$ State-Wide PERA Pension Plans Page 184 of 352 -50- NOTE 8 – 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. The PERA’s defined benefit pension plans are established and administered in accordance with Minnesota Statutes, Chapters 353 and 356. The 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) All full-time and certain part-time employees of the City are covered by the GERF. The GERF members belong to the Coordinated Plan. Coordinated Plan members are covered by Social Security. 2. Public Employees Police and Fire Fund (PEPFF) The Public Employees Police and Fire Fund (PEPFF), originally established for police officers and firefighters not covered by a local relief association, now covers all police officers and firefighters hired since 1980. Effective July 1, 1999, the PEPFF also covers police officers and firefighters belonging to local relief associations that elected to merge with and transfer assets and administration to the PERA. B. Benefits Provided The PERA provides retirement, disability, and death benefits. Benefit provisions are established by state statutes 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 t hey last terminated their public service. 1. GERF Benefits 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 the PERA’s Coordinated Plan members. Members hired prior to July 1, 1989, receive the higher of Method 1 or Method 2 formulas. Only Method 2 is used for members hired after June 30, 1989. Under Method 1, the accrual rate for Coordinated Plan members is 1.2 percent for each of the first 10 years of service, and 1.7 percent for each additional year. Under Method 2, the accrual rate for Coordinated Plan members is 1.7 percent for all years of service. For members hired prior to July 1, 1989, a full annuity is available when age plus years of service equal 90, and normal retirement age is 65. For members hired on or after July 1, 1989, normal retirement age is the age for unreduced Social Security benefits capped at age 66. Page 185 of 352 -51- NOTE 8 – DEFINED BENEFIT PENSION PLANS – STATE-WIDE (CONTINUED) Benefit increases are provided to benefit recipients each January. The post-retirement increase is equal to 50.0 percent of the cost of living adjustment (COLA) announced by the Social Security Administration, with a minimum increase of at least 1.0 percent and a maximum of 1.5 percent. 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 at least one month, but less than a full year as of the June 30 before the effective date of the increase, will receive a reduced prorated increase. In 2023, legislation repealed the statute delaying increases for members retiring before full retirement age. 2. PEPFF Benefits Benefits for the PEPFF members first hired after June 30, 2010 but before July 1, 2014, vest on a prorated basis from 50.0 percent after five years, up to 100.0 percent after 10 years of credited service. Benefits for the PEPFF members first hired after June 30, 2014, vest on a prorated basis from 50.0 percent after 10 years, up to 100.0 percent after 20 years of credited service. The annuity accrual rate is 3.0 percent of average salary for each year of service. For Police and Fire Plan members who were first hired prior to July 1, 1989, a full annuity is available when age plus years of service equal at least 90. Benefit increases are provided to benefit recipients each January. The post-retirement increase is fixed at 1.0 percent. 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 reduced prorated increase. In 2023, the Legislature allocated funding for a one-time lump-sum payment to General Employee and Police and Fire Plan benefit recipients. Eligibility criteria and the payment amount is specified in statute. The one-time payment is noncompounding towards future benefits. C. Contributions Minnesota Statutes, Chapter 353 sets the rates for employer and employee contributions. Contribution rates can only be modified by the State Legislature. 1. GERF Contributions Coordinated Plan members were required to contribute 6.50 percent of their annual covered salary in fiscal year 2023, and the City was required to contribute 7.50 percent for Coordinated Plan members. The City’s contributions to the GERF for the year ended December 31, 2023, were $396,285. The City’s contributions were equal to the required contributions as set by state statutes. 2. PEPFF Contributions PEPFF Plan members were required to contribute 11.80 percent of their annual covered salary in fiscal year 2023, and the City was required to contribute 17.70 percent for Police and Fire Plan members. The City’s contributions to the PEPFF for the year ended December 31, 2023, were $560,404. The City’s contributions were equal to the required contributions as set by state statutes. Page 186 of 352 -52- NOTE 8 – DEFINED BENEFIT PENSION PLANS – STATE-WIDE (CONTINUED) D. Pension Costs 1. GERF Pension Costs At December 31, 2023, the City reported a liability of $3,707,422 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 $16.0 million. The state of Minnesota is considered a nonemployer 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 $102,159. The net pension liability was measured as of June 30, 2023, and the total pension liability used to calculate the net pension liability wa s determined by an actuarial valuation as of that date. The City’s proportionate share of the net pension liability was based on the City’s contributions received by the PERA during the measurement period for employer payroll paid dates from July 1, 2022 through June 30, 2023, relative to the total employer contributions received from all of the PERA’s participating employers. The City’s proportionate share was 0.0663 percent at the end of the measurement period and 0.0656 percent for the beginning of the period. The amount recognized by the City as its proportionate share of the net pension liability, the direct aid, and total portion of the net pension liability that was associated with the City were as follows: City’s proportionate share of the net pension liability 3,707,422$ State’s proportionate share of the net pension liability associated with the City 102,159 Total 3,809,581$ For the year ended December 31, 2023, the City recognized pension expense of $629,004 for its proportionate share of the GERF’s pension expense. In addition, the City recognized an additional $459 as pension expense (and grant revenue) for its proportionate share of the state of Minnesota’s contribution of $16.0 million to the GERF. At December 31, 2023, the City reported its proportionate share of the GERF’s deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Deferred Outflows Inflows of Resources of Resources Differences between expected and actual economic experience 121,445$ 25,925$ Changes in actuarial assumptions 608,618 1,016,173 Net collective difference between projected and actual investment earnings – 175,455 Changes in proportion 73,057 36,297 Contributions paid to the PERA subsequent to the measurement date 197,840 – Total 1,000,960$ 1,253,850$ Page 187 of 352 -53- NOTE 8 – DEFINED BENEFIT PENSION PLANS – STATE-WIDE (CONTINUED) A total of $197,840 reported as deferred outflows of resources related to pensions resulting from city contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ending December 31, 2024. Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Pension Year Ending Expense December 31,Amount 2024 109,610$ 2025 (575,322)$ 2026 95,406$ 2027 (80,424)$ 2. PEPFF Pension Costs At December 31, 2023, the City reported a liability of $4,241,193 for its proportionate share of the PEPFF’s net pension liability. The net pension liability was measured as of June 30, 2023, 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 the PERA during the measurement period for employer payroll paid dates from July 1, 2022 through June 30, 2023, relative to the total employer contributions received from all of the PERA’s participating employers. The City’s proportionate share was 0.2456 percent at the end of the measurement period and 0.2474 percent for the beginning of the period. The state of Minnesota contributed $18.0 million to the PEPFF in the plan fiscal year ended June 30, 2023. The contribution consisted of $9.0 million in direct state aid that meets the definition of a special funding situation and $9.0 million in supplemental state aid that does not meet the definition of a special funding situation. The $9.0 million direct state aid was paid on October 1, 2022. Thereafter, by October 1 of each year, the state will pay $9.0 million to the PEPFF until full funding is reached or July 1, 2048, whichever is earlier. The $9.0 million in supplemental state aid will continue until the fund is 90.0 percent funded, or until the State Patrol Plan (administered by the Minnesota State Retirement System) is 90.0 percent funded, whichever occurs later. The state of Minnesota’s proportionate share of the net pension liability associated with the City totaled $170,843. The amount recognized by the City as its proportionate share of the net pension liability, the direct aid, and total portion of the net pension liability that was associated with the City were as follows: City’s proportionate share of the net pension liability 4,241,193$ State’s proportionate share of the net pension liability associated with the City 170,843 Total 4,412,036$ Page 188 of 352 -54- NOTE 8 – DEFINED BENEFIT PENSION PLANS – STATE-WIDE (CONTINUED) The state of Minnesota is included as a nonemployer contributing entity in the Police and Fire Retirement Plan Schedule of Employer Allocations and Schedule of Pension Amounts by Employer, Current Reporting Period Only (pension allocation schedules) for the $9.0 million in direct state aid. Police and Fire Plan employers need to recognize their proportionate share of the state of Minnesota’s pension expense (and grant revenue) under GASB 68 special funding situation accounting and financial reporting requirements. For the year ended December 31, 2023, the City recognized pension expense of $1,258,870 for its proportionate share of the Police and Fire Plan’s pension expense. The City recognized $10,290 as a reduction of grant revenue and pension expense for its proportionate share of the state of Minnesota’s pension expense for the contribution of $9.0 million to the PEPFF. The state of Minnesota is not included as a nonemployer contributing entity in the Police and Fire Pension Plan pension allocation schedules for the $9.0 million in supplemental state aid. The City recognized $22,104 for the year ended December 31, 2023 as revenue and an offsetting reduction of net pension liability for its proportionate share of the state of Minnesota’s on-behalf contributions to the PEPFF. At December 31, 2023, the City reported its proportionate share of the PEPFF’s deferred outflows of resources and deferred inflows of resources related to pensions from the following sources: Deferred Deferred Outflows Inflows of Resources of Resources Differences between expected and actual economic experience 1,169,756$ –$ Changes in actuarial assumptions 4,931,764 5,962,538 Net collective difference between projected and actual investment earnings – 174,679 Changes in proportion 61,381 65,277 Contributions paid to the PERA subsequent to the measurement date 290,947 – Total 6,453,848$ 6,202,494$ A total of $290,947 reported as deferred outflows of resources related to pensions resulting from city contributions subsequent to the measurement date that will be recognized as a reduction of the net pension liability in the year ending December 31, 2024. Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Pension Year Ending Expense December 31,Amount 2024 212,956$ 2025 63,153$ 2026 1,034,611$ 2027 (284,988)$ 2028 (1,065,325)$ Page 189 of 352 -55- NOTE 8 – 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 asset 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 equity 33.50 %5.10 % International equity 16.50 5.30 % Fixed income 25.00 0.75 % Private markets 25.00 5.90 % Total 100.00 % Long-Term Expected Allocation Target Real Rate of Return F. Actuarial Methods and Assumptions The total pension liability in the June 30, 2023, actuarial valuation was determined using an individual entry-age normal actuarial cost method. The long-term rate of return on pension plan investments used in the determination of the total liability is 7.00 percent. This assumption is based on a review of inflation and investments return assumptions from a number of national investment consulting firms. The review provided a range of return investment return rates deemed to be reasonable by the actuary. An i nvestment return of 7.00 percent was deemed to be within that range of reasonableness for financial reporting purposes. Inflation is assumed to be 2.25 percent for the General Employees Plan and the Police and Fire Plan. Benefit increases after retirement are assumed to be 1.25 percent for the General Employees Plan and 1.00 percent for the Police and Fire Plan. Salary growth assumptions in the General Employees Plan range in annual increments from 10.25 percent after one year of service to 3.00 percent after 27 years of service. In the Police and Fire Plan, salary growth assumptions range from 11.75 percent after one year of service to 3.00 percent after 24 years of service. Mortality rates for the General Employees Plan are based on the Pub-2010 General Employee Mortality Table. Mortality rates for the Police and Fire Plan are based on the Pub-2010 Public Safety Employee Mortality tables. The tables are adjusted slightly to fit the PERA’s experience. Actuarial assumptions for the General Employees Plan are reviewed every four years. The most recent four-year experience study for the General Employees Plan was completed in 2022. The assumption changes were adopted by the Board and became effective with the July 1, 2023 actuarial valuation. The most recent four-year experience study for the Police and Fire Plan was completed in 2020, adopted by the Board, and became effective with the July 1, 2021 actuarial valuation. Page 190 of 352 -56- NOTE 8 – DEFINED BENEFIT PENSION PLANS – STATE-WIDE (CONTINUED) The following changes in actuarial assumptions and plan provisions occurred in 2023: 1. GERF CHANGES IN ACTUARIAL ASSUMPTIONS • The investment return assumption and single discount rate were changed from 6.50 percent to 7.00 percent. 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, noncompounding 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. 2. PEPFF 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. 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, noncompounding 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. G. Discount Rate The discount rate used to measure the total pension liability in 2023 was 7.00 percent. 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 position of the General Employees Fund and the Police and Fire Fund 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. Page 191 of 352 -57- NOTE 8 – DEFINED BENEFIT PENSION PLANS – STATE-WIDE (CONTINUED) H. Pension Liability Sensitivity The following table presents the City’s proportionate share of the net pension liability for all plans it participates in, calculated using the discount rate disclosed on the preceding page, as well as what the City’s proportionate share of the net pension liability would be if it were calculated using a discount rate 1 percentage point lower or 1 percentage point higher than the current discount rate: City’s proportionate share of the GERF net pension liability City’s proportionate share of the PEPFF net pension liability 1% Decrease in (6.00%) 1% Increase in Discount Rate Current Discount RateDiscount Rate (7.00%)(8.00%) 1,362,115$ 8,415,032$ 809,738$ 6,558,727$ 4,241,193$ 3,707,422$ 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 9 – DEFINED BENEFIT PENSION PLAN – FIRE RELIEF ASSOCIATION A. Plan Description Volunteer firefighters of the Farmington Volunteer Fire Department (the Department) are members of the Association, which administers a single-employer defined benefit pension plan established to provide benefits for its members. The plan is established and administered in accordance with Minnesota Statutes, Chapter 69. The Association is governed by a Board of nine trustees; six voting trustees elected by the members of the Association, and the City’s mayor, city administrator, and fire chief as ex officio members. As of December 31, 2022, the plan covered 50 active firefighters and 12 vested terminated firefighters whose pension benefits are deferred. The Association maintains a separate Special Fund to accumulate assets to fund the retirement benefits earned by the Department’s membership. B. Benefits Provided A firefighter who completes at least 20 years as an active member of the Department is entitled, after age 50, to a full service pension upon retirement equivalent to $8,500 per year of service. The bylaws of the Association also provide for an early vested service pension for a retiring member who has completed fewer than 20 years of service. The reduced pension, available to members with 10 years of service, shall be equal to 60 percent of the pension as described by the bylaws. This percentage increases 4 percent per year, so that at 20 years of service, the full amount prescribed is paid. Members who retire with less than 20 years of service and have reached the age of 50 and have completed at least 10 years of active membership, are entitled to a reduced service pension not to exceed the amount calculated by multiplying the member’s service pension for the completed years of service times the applicable nonforfeitable percentage of pension. Page 192 of 352 -58- NOTE 9 – DEFINED BENEFIT PENSION PLAN – FIRE RELIEF ASSOCIATION (CONTINUED) C. Contributions Minnesota Statutes, Chapters 424 and 424A authorize pension benefits for volunteer fire relief associations. The plan is funded by fire state aid, investment earnings, and, if necessary, employer contributions as specified in Minnesota Statutes and voluntary city contributions (if applicable). The firefighters have no obligation to contribute to the plan. Nonemployer pension contributions include state aid from the state of Minnesota and municipal contributions from the City. On-behalf of state aid payments from the state of Minnesota are received initially by the City and subsequently remitted to the Association. These on-behalf of state aid payments, in addition to the City’s municipal contribution payments to the Association plan, are recognized as revenues and expenditures in the City’s General Fund during the period received. The state of Minnesota contributed $210,460 in fire state aid to the plan on behalf of the Department for the year ended December 31, 2023, which was recorded as revenue. Required employer contributions are calculated annually based on statutory provisions. The City’s statutorily-required contributions to the plan for the year ended December 31, 2023 were $0; however, the City made a voluntary contribution of $150,000 to the plan. D. Pension Costs At December 31, 2023, the City reported a net pension liability (asset) of ($1,536,553) for the plan. The net pension liability (asset) was measured as of December 31, 2022. The total pension liability used to calculate the net pension liability (asset) in accordance with GASB Statement No. 68 was determined by applying an actuarial formula to specific census data certified by the Department as of December 31, 2022. The following table presents the changes in net pension liability (asset) during the year: Total Pension Plan Fiduciary Net Pension Liability Net Position Liability (Asset) (a)(b)(a-b) Beginning balance 2,693,997$ 4,408,102$ (1,714,105)$ Changes for the year Service cost 218,873 – 218,873 Interest 149,757 – 149,757 Difference between expected and actual experience (425,928) – (425,928) Changes of assumptions (11,048) – (11,048) Contributions (state and local)– 337,645 (337,645) Net investment income – (566,313) 566,313 Benefit payments (120,699) (120,699) – Administrative costs – (17,230) 17,230 Total net changes (189,045) (366,597) 177,552 Ending balance 2,504,952$ 4,041,505$ (1,536,553)$ For the year ended December 31, 2023, the City recognized pension revenue of $187,645 and pension expense of $205,963. Page 193 of 352 -59- NOTE 9 – DEFINED BENEFIT PENSION PLAN – FIRE RELIEF ASSOCIATION (CONTINUED) At December 31, 2023, the City reported deferred inflows of resources and deferred outflows of resources related to pensions from the following sources: Deferred Deferred Outflows Inflows of Resources of Resources Difference between expected and actual liability –$ 440,564$ Change of assumptions 135,788 16,410 Net difference between projected and actual earnings on plan investments 355,029 – City contributions subsequent to the measurement date 150,000 – State aid to the City subsequent to the measurement date 210,460 210,460 Total 851,277$ 667,434$ Deferred outflows of resources totaling $360,460 related to pensions resulting from city contributions to the plan subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ending December 31, 2024. Deferred inflows of resources totaling $210,460 related to state aid received subsequent to the measurement date will be recognized for its impact on the net pension liability in the year ending December 31, 2024. Other amounts reported as deferred outflows and inflows of resources related to the plan will be recognized in pension expense as follows: Pension Year Ending Expense December 31,Amount 2024 (17,397)$ 2025 54,089$ 2026 92,220$ 2027 126,373$ 2028 (32,085)$ Thereafter (189,357)$ E. Actuarial Methods and Assumptions The total pension liability (asset) at year-end was determined using the entry-age normal actuarial cost method and the following actuarial assumptions: Retirement eligibility at 100 percent service pension at age 50 with 20 years of service, early vested retirement at age 50 with 10 years of service vested at 60 percent and increased by 4 percent for each additional year of service up to 20 and eligibility for deferred service pension payable at age 50 with 20 years of service. Inflation rate – 2.50% per year Investment rate of return – 5.25% 20-year municipal bond yield – 4.05% Actuarial assumption changes since the prior valuation included an inflation rate assumption update from 2.25 percent to 2.50 percent. Mortality, disability, and withdrawal assumptions were also changed to those used in the most recent Minnesota PERA Police and Fire Plan actuarial valuation. Page 194 of 352 -60- NOTE 9 – DEFINED BENEFIT PENSION PLAN – FIRE RELIEF ASSOCIATION (CONTINUED) The 5.25 percent long-term expected rate of return on pension plan investments was determined using a building-block method in which best-estimates for expected future real rates of return (expected returns, net of inflation) were developed for each asset class us ing the plan’s target investment allocation, along with long-term return expectations by asset class. Inflation expectations were applied to derive the nominal rate of return for the portfolio. 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 equity 65.74 %4.10 %6.60 % International equity 9.84 4.64 %7.14 % Fixed income – 1.05 %3.55 % Real estate and alternatives 4.90 3.54 %6.04 % Cash and equivalents 19.52 (0.45) %2.05 % Total 100.00 %5.25 % Long-Term Expected Nominal Rate of Return Long-Term Target Expected Real Allocation Rate of Return F. Discount Rate The discount rate used to measure the total pension liability was 5.25 percent. The projection of cash flows used to determine the discount rate assumed that contributions to the plan will be made as specified in state statutes. Based on that assumption and considering the funding ratio of the plan, the fiduciary net position was projected to be available to make all projected future benefit payments of current active and inactive 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. G. Pension Liability (Asset) Sensitivity The following presents the City’s net pension liability (asset) for the plan, calculated using the discount rate disclosed in the preceding paragraph, as well as what the City’s net pension liability (asset) would be if it were calculated using a discount rate 1 percent lower or higher than the current discount rate: 1% Decrease in Current 1% Increase in Discount Rate Discount Rate Discount Rate (4.25%)(5.25%)(6.25%) Net pension liability (asset)(1,400,353)$ (1,536,553)$ (1,665,339)$ H. Pension Plan Fiduciary Net Position The Association issues a publicly available financial report that includes financial statements and required supplementary information. The report may be obtained by writing to the Farmington Fire Fighters’ Relief Association, 430 Third Street, Farmington, Minnesota 55024, or by calling (651) 280-6953. Page 195 of 352 -61- NOTE 10 – OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN A. Plan Description The City provides post-employment insurance benefits to certain eligible employees through its OPEB Plan, a single-employer defined benefit plan 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 upon retirement have the option under state law to continue their medical insurance coverage through the City. For members of certain employee groups, the City pays for all or part of the eligible retiree’s premiums for medical and/or dental insurance from the time of retirement until the employee reaches the age of eligibility for Medicare. Benefits paid by the City differ by bargaining unit and date of hire, with some contracts specifying a certain dollar amount per month, and some covering premium costs as defined within each collective bargaining agreement. Retirees not eligible for these city-paid premium benefits must pay the full city premium rate for their coverage. 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. For police officers or firefighters disabled in the line-of-duty, Minnesota Statutes require the City to continue payment of the employer’s contribution toward health coverage for the police officer or firefighter and their spouse, if the spouse was covered at the time of disability, until age 65. 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 $35,345. D. Membership Membership in the plan consisted of the following as of the latest actuarial valuation: Retirees and beneficiaries receiving benefits 11 Active plan members 74 Total members 85 E. Total OPEB Liability of the City The City’s total OPEB liability of $1,092,823 as of year-end was measured as of December 31, 2022, and was determined by an actuarial valuation as of December 31, 2022. Page 196 of 352 -62- NOTE 10 – OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN (CONTINUED) F. Actuarial Methods and Assumptions The total OPEB liability was determined using the entry-age normal cost method. Liability gains and losses and plan changes are recognized immediately, in accordance with GASB Statement No. 75 Alternative Measurement Method requirements. The following actuarial assumptions applied to all periods included in the measurement, unless otherwise specified: Discount rate 4.05% 20-year municipal bond yield 4.05% Inflation rate 2.60% Healthcare trend rate 8.00% grading to 4.04% over 52 years The actuarial assumptions used in the latest valuation were based on input from a variety of published sources of historical and projected future financial data. Each assumption was reviewed for reasonableness with the source information, as well as for consistency with the other economic assumptions. Since the plan is not funded by an irrevocable trust, the discount rate is equal to the 20-year municipal bond yield rate of 4.05 percent, which was set by considering published rate information for 20-year high quality, tax-exempt, general obligation municipal bonds as of the measurement date. Withdrawal rates, retirement rates, mortality rates, and salary scale were based on the July 1, 2014 through June 30, 2018 PERA experience studies. Assumption changes since the prior measurement date include the following: • Medical trend was updated based on recently published trend model and trend surveys to better reflect future anticipated experience. • Medical per capita claims tables were updated based on recent experience and demographics. • The discount rate was updated from 2.06 percent to 4.05 percent based on recent muni cipal bond index rates. • Membership participation was updated from 65.00 percent to 50.00 percent based on experience and demographics. G. Changes in the Total OPEB Liability Total OPEB Liability Beginning balance – January 1, 2023 1,263,701$ Changes for the year Service cost 121,679 Interest 27,861 Differences between expected and actual experience 141,132 Changes of assumptions (395,696) Benefit payments – employer-financed (65,854) Total net changes (170,878) Ending balance – December 31, 2023 1,092,823$ Page 197 of 352 -63- NOTE 10 – OTHER POST-EMPLOYMENT BENEFITS (OPEB) PLAN (CONTINUED) 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 Total OPEB liability $ 1,183,800 $ 1,007,824 3.05%5.05% 1% Decrease in 1% Increase in Discount Rate Discount Rate Current Discount Rate $ 1,092,823 4.05% 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 trend rates: OPEB healthcare trend rate Total OPEB liability $ 962,803 $ 1,244,954 3.04% over 52 years 5.04% over 52 years 1% Decrease in 1% Increase in Healthcare Trend Rate Healthcare Trend Rate 7.00% decreasing to 9.00% decreasing to Current Healthcare Trend Rate 8.00% decreasing to 4.04% over 52 years $ 1,092,823 I. OPEB Expense and Related Deferred Outflows of Resources and Deferred Inflows of Resources For the current year, the City recognized negative OPEB expense of $105,024. As of year-end, the City reported deferred outflows of resources and deferred inflows of resources related to OPEB from the following sources: Deferred Deferred Outflows Inflows of Resources of Resources Contributions subsequent to the measurement date 35,345$ –$ Deferred outflows of resources reported $35,345 related to OPEB resulting from city contributions subsequent to the measurement date that will be recognized as a reduction of the total OPEB liability in the year ending December 31, 2024. NOTE 11 – DEFICIT FUND BALANCES At December 31, 2023, the Federal Aid Special Revenue Fund reported a deficit fund balance of $7,246, the (nonmajor) K-9 Special Revenue Fund reported a deficit fund balance of $159, the (nonmajor) Akin Street Reconstruction Capital Projects Fund reported a deficit fund balance of $132,740, the (nonmajor) Spruce Street Reconstruction Capital Projects Fund reported a deficit fund balance of $209,989, the (nonmajor) 2024 Street Improvements Capital Projects Fund reported a deficit fund balance of $65,283, and the Emerald Ash Borer Capital Projects Fund reported a deficit fund balance of $17,975. These deficits are generally due to project or other expenditures incurred in advance of funding, and will be eliminated through future revenues and other financing sources. Page 198 of 352 -64- NOTE 12 – NET POSITION/FUND BALANCES A. Net Investment in Capital Assets The government-wide Statement of Net Position at December 31, 2023 includes the City’s net investment in capital assets, calculated as follows: Governmental Business-Type Activities Activities Total Net investment in capital assets Capital assets, net 49,003,064$ 49,830,438$ 98,833,502$ Less capital-related long-term debt outstanding (10,356,086) (1,344,328) (11,700,414) Add unused bond proceeds 490,232 – 490,232 Total net investment in capital assets 39,137,210$ 48,486,110$ 87,623,320$ B. Governmental Fund Balance Classifications At December 31, 2023, the City had the following governmental fund balances: Special Revenue –Storm Water Debt Service – General Federal Aid Private Trunk Closed Bond Nonmajor Total Nonspendable Prepaid items 1,169$ 14,714$ –$ –$ –$ –$ 15,883$ Restricted Economic development – – – – – 374,938 374,938 Public safety programs – – – – – 1,099,845 1,099,845 Park improvements – – – – – 1,100,850 1,100,850 PEG fees – – – – – 211,660 211,660 Recreational capital projects – – – – – 119,944 119,944 Debt service – – – – – 2,100,445 2,100,445 Total restricted – – – – – 5,007,682 5,007,682 Committed Improvement projects – – 125,825 – – 360,673 486,498 Park improvements – – – – – 270,476 270,476 Ice arena capital – – – – – 129,665 129,665 Sanitary sewer trunk – – – – – 982,918 982,918 Cable communications – – – – – 714,761 714,761 Fire capital programs – – – – – 214,026 214,026 Storm water trunk – – – 5,368,207 – – 5,368,207 Capital equipment – – – – – 697,570 697,570 Water trunk – – – – – 1,027,237 1,027,237 Parking lot projects – – – – – 523,005 523,005 Trail maintenance – – – – – 309,673 309,673 Building maintenance – – – – – 270,386 270,386 Pavement management – – – – – 2,196,601 2,196,601 Total committed – – 125,825 5,368,207 – 7,696,991 13,191,023 Assigned Future debt payments – – – – 1,598,024 – 1,598,024 Unassigned 8,987,268 (21,960) – – – (426,146) 8,539,162 Total 8,988,437$ (7,246)$ 125,825$ 5,368,207$ 1,598,024$ 12,278,527$ 28,351,774$ Capital Projects – C. Minimum Fund Balance Policy The City’s policy is to maintain an unassigned fund balance in the General Fund in the range of 40.0–50.0 percent of the subsequent year’s budgeted expenditures and transfers out. At December 31, 2023, the unassigned fund balance of the General Fund was 47.6 percent of the subsequent year’s budgeted expenditures and transfers out. Page 199 of 352 -65- NOTE 13 – TAX INCREMENT PAY-AS-YOU-GO FINANCING REVENUE NOTES On November 2, 2017, the EDA entered into a private development agreement regarding the Trident Housing tax increment property. Reimbursements to the developer (Legacy Partners of Farmington, LLC) for the Downtown Redevelopment Project were contemplated in the development agreement. The vehicle used for this reimbursement is called a tax increment revenue note. This note provides for the payment of principal, equal to the developer’s costs, plus interest at 3 percent. Payments on the loan will be made at the lesser of the note payment or 90 percent of the actual net tax increment received during specific years as stated in the agreement. Payments are first applied to accrued interest and then to principal balances. The note is cancelled at the end of the agreement term, whether or not it has been repaid. Any additional tax increments received in the years following the term are retained by the EDA. The City rebated $99,860 of property tax increment in the current year. The remaining principal balance as of December 31, 2023 for this agreement was $1,095,645. This amount is not included in long-term debt because of the nature of this note in that repayment is required only if sufficient tax increments are received. The EDA’s position is that these are obligations to assign future and unc ertain revenue sources and these obligations are not actual debt in-substance. NOTE 14 – COMMITMENTS AND CONTINGENCIES A. Federal and State Funding Amounts recorded 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. B. 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. C. Tax Increment Districts The City’s tax increment districts are subject to review by the Minnesota Office of the State Auditor. Any disallowed claims or misuse of tax increments could become a liability of the applicable fund. Management has indicated that it’s not aware of any instances of noncompliance, which would have a material effect on the financial statements. D. Contracts Payable At December 31, 2023, the City is committed to various construction contracts for the improvement of city property. The City’s remaining commitment under these contracts is approximately $717,853 at year-end. Page 200 of 352 REQUIRED SUPPLEMENTARY INFORMATION Page 201 of 352 Proportionate Share of the City’s Net Pension Proportionate Liability and City’s Share of the the City’s Proportionate Plan Fiduciary State of Share of the Share of the Net Position City’s City’s Minnesota’s State of Net Pension as a PERA Fiscal Proportion Proportionate Proportionate Minnesota’s Liability as a Percentage Year-End Date of the Net Share of the Share of the Share of the City’s Percentage of of the Total (Measurement Pension Net Pension Net Pension Net Pension Covered Covered Pension Date)Liability Liability Liability Liability Payroll Payroll Liability 06/30/2015 0.0623% 3,228,709$ –$ 3,228,709$ 3,660,794$ 88.20% 78.20% 06/30/2016 0.0583% 4,733,671$ 61,864$ 4,795,535$ 3,618,268$ 130.83% 68.90% 06/30/2017 0.0597% 3,811,209$ 47,942$ 3,859,151$ 3,847,797$ 99.05% 75.90% 06/30/2018 0.0607% 3,367,387$ 110,472$ 3,477,859$ 4,034,230$ 83.47% 79.50% 06/30/2019 0.0613% 3,389,141$ 105,329$ 3,494,470$ 4,340,798$ 78.08% 80.20% 06/30/2020 0.0652% 3,909,039$ 120,522$ 4,029,561$ 4,647,499$ 84.11% 79.10% 06/30/2021 0.0673% 2,874,012$ 87,697$ 2,961,709$ 4,840,585$ 59.37% 87.00% 06/30/2022 0.0656% 5,195,542$ 152,265$ 5,347,807$ 4,915,505$ 105.70% 76.70% 06/30/2023 0.0663% 3,707,422$ 102,159$ 3,809,581$ 5,255,710$ 70.54% 83.10% Contributions Contributions in Relation to as a Statutorily the Statutorily Contribution Percentage Required Required Deficiency Covered of Covered Contributions Contributions (Excess)Payroll Payroll 271,726$ 271,726$ –$ 3,623,009$ 7.50% 279,774$ 279,774$ –$ 3,730,581$ 7.50% 290,225$ 290,225$ –$ 3,872,895$ 7.49% 312,863$ 312,863$ –$ 4,171,664$ 7.50% 340,100$ 340,100$ –$ 4,534,664$ 7.50% 372,817$ 372,817$ –$ 4,970,884$ 7.50% 371,254$ 371,254$ –$ 4,950,057$ 7.50% 360,931$ 360,931$ –$ 4,814,017$ 7.50% 396,285$ 396,285$ –$ 5,283,820$ 7.50% Note: 12/31/2023 12/31/2023 CITY OF FARMINGTON PERA – General Employees Retirement Fund PERA – General Employees Retirement Fund Schedule of City Contributions Year-End Date City Fiscal 12/31/2016 12/31/2015 12/31/2017 12/31/2019 12/31/2020 12/31/2021 12/31/2022 The City implemented GASB Statement No.68 in fiscal 2015 (using a June 30,2015 measurement date).This schedule is intended to present 10-year trend information. Additional years will be added as they become available. Year Ended December 31, 2023 Year Ended December 31, 2023 Schedule of City’s and Nonemployer Proportionate Share of Net Pension Liability 12/31/2017 Year-End Date City Fiscal 12/31/2016 12/31/2015 12/31/2018 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 -66- Page 202 of 352 Proportionate Share of the City’s Net Pension Proportionate Liability and City’s Share of the the City’s Proportionate Plan Fiduciary State of Share of the Share of the Net Position City’s City’s Minnesota’s State of Net Pension as a PERA Fiscal Proportion Proportionate Proportionate Minnesota’s Liability as a Percentage Year-End Date of the Net Share of the Share of the Share of the City’s Percentage of of the Total (Measurement Pension Net Pension Net Pension Net Pension Covered Covered Pension Date)Liability Liability Liability Liability Payroll Payroll Liability 06/30/2015 0.2450% 2,783,773$ –$ 2,783,773$ 2,242,616$ 124.13%86.60% 06/30/2016 0.2430% 9,752,013$ –$ 9,752,013$ 2,344,593$ 415.94%63.90% 06/30/2017 0.2370% 3,199,781$ –$ 3,199,781$ 2,431,157$ 131.62%85.40% 06/30/2018 0.2300% 2,451,563$ –$ 2,451,563$ 2,424,781$ 101.10%88.80% 06/30/2019 0.2381% 2,534,816$ –$ 2,534,816$ 2,513,262$ 100.86%89.30% 06/30/2020 0.2410% 3,176,637$ 74,843$ 3,251,480$ 2,720,577$ 116.76%87.20% 06/30/2021 0.2436% 1,880,335$ 84,551$ 1,964,886$ 2,879,369$ 65.30%93.70% 06/30/2022 0.2474% 10,765,871$ 470,299$ 11,236,170$ 3,003,762$ 358.41%70.50% 06/30/2023 0.2456% 4,241,193$ 170,843$ 4,412,036$ 3,225,401$ 131.49%86.50% Contributions Contributions in Relation to as a Statutorily the Statutorily Contribution Percentage Required Required Deficiency Covered of Covered Contributions Contributions (Excess)Payroll Payroll 374,503$ 374,503$ –$ 2,311,741$ 16.20% 384,033$ 384,033$ –$ 2,370,262$ 16.20% 395,621$ 395,621$ –$ 2,442,894$ 16.19% 396,439$ 396,439$ –$ 2,447,155$ 16.20% 442,727$ 442,727$ –$ 2,611,958$ 16.95% 515,909$ 515,909$ –$ 2,914,733$ 17.70% 526,699$ 526,699$ –$ 2,975,703$ 17.70% 536,433$ 536,433$ –$ 3,030,694$ 17.70% 560,404$ 560,404$ –$ 3,166,126$ 17.70% Note: CITY OF FARMINGTON PERA – Public Employees Police and Fire Fund Schedule of City’s and Nonemployer Proportionate Share of Net Pension Liability PERA – Public Employees Police and Fire Fund Schedule of City Contributions 12/31/2016 12/31/2015 Year-End Date City Fiscal 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2018 12/31/2019 12/31/2020 Year-End Date The City implemented GASB Statement No.68 in fiscal 2015 (using a June 30,2015 measurement date).This schedule is intended to present 10-year trend information. Additional years will be added as they become available. 12/31/2016 12/31/2021 12/31/2022 12/31/2023 City Fiscal Year Ended December 31, 2023 Year Ended December 31, 2023 12/31/2017 12/31/2015 -67- Page 203 of 352 City fiscal year-end dated December 31,2015 2016 2017 2018 2019 2020 2021 2022 2023 Farmington Fire Fighters’ Relief Association year-end dated (measurement date) December 31,2014 2015 2016 2017 2018 2019 2020 2021 2022 Total pension liability Service cost 69,285$ 71,190$ 86,788$ 93,501$ 112,754$ 163,690$ 177,922$ 190,066$ 218,873$ Interest 110,249 92,788 82,702 95,308 105,418 118,151 119,981 125,065 149,757 Differences between expected and actual experience – – (14,504) – (13,870) – (51,474) – (425,928) Changes of assumptions – 116,780 (15,678) – 86,336 61,961 18,063 – (11,048) Changes of benefits terms – – 143,662 171,894 169,797 – (368) 238,686 – Benefit payments (265,643) (596,137) (1,194) (292,064) (156,771) – (254,977) (103,887) (120,699) Net change in total pension liability (86,109) (315,379) 281,776 68,639 303,664 343,802 9,147 449,930 (189,045) Total pension liability Beginning of year 1,638,527 1,552,418 1,237,039 1,518,815 1,587,454 1,891,118 2,234,920 2,244,067 2,693,997 End of year 1,552,418$ 1,237,039$ 1,518,815$ 1,587,454$ 1,891,118$ 2,234,920$ 2,244,067$ 2,693,997$ 2,504,952$ Plan fiduciary net position Contributions (state and local)283,461$ 291,915$ 291,510$ 301,508$ 297,548$ 301,797$ 315,539$ 321,822$ 337,645$ Net investment income 84,277 (33,543) 163,457 342,985 (168,667) 508,896 366,662 419,642 (566,313) Benefit payments (265,643) (596,137) (1,194) (292,064) (156,771) – (254,977) (103,887) (120,699) Administrative costs (10,848) (15,756) (17,200) (18,282) (16,720) (18,400) (16,950) (18,750) (17,230) Net change in plan fiduciary net position 91,247 (353,521) 436,573 334,147 (44,610) 792,293 410,274 618,827 (366,597) Plan fiduciary net position Beginning of year 2,122,872 2,214,119 1,860,598 2,297,171 2,631,318 2,586,708 3,379,001 3,789,275 4,408,102 End of year 2,214,119$ 1,860,598$ 2,297,171$ 2,631,318$ 2,586,708$ 3,379,001$ 3,789,275$ 4,408,102$ 4,041,505$ Net pension liability (asset) – ending (661,701)$ (623,559)$ (778,356)$ (1,043,864)$ (695,590)$ (1,144,081)$ (1,545,208)$ (1,714,105)$ (1,536,553)$ Plan fiduciary net position as a percentage of the total pension liability 142.62%150.41%151.25%165.76%136.78%151.19%168.86%163.63%161.34% Note: CITY OF FARMINGTON The City implemented GASB Statement No. 68 in fiscal 2015 (using a December 31, 2014 measurement date). This information is not available for previous fiscal years. Year Ended December 31, 2023 Net Pension Liability (Asset) and Related Ratios Schedule of Changes in the Relief Association’s Farmington Fire Fighters’ Relief Association -68- Page 204 of 352 Contributions in Relation to the Statutorily Statutorily Contribution Voluntary Required Required Deficiency City Contributions (a)Contributions (b)(Excess) (a-b)Contribution –$ –$ –$ 150,000$ –$ –$ –$ 150,000$ –$ –$ –$ 150,000$ –$ –$ –$ 150,000$ –$ –$ –$ 150,000$ –$ –$ –$ 150,000$ –$ –$ –$ 150,000$ –$ –$ –$ 150,000$ –$ –$ –$ 150,000$ Note: 12/31/2023 The City implemented GASB Statement No.68 in fiscal 2015 (using a December 31,2014 measurement date).This information is not available for previous fiscal years. Schedule of City Contributions Farmington Fire Fighters’ Relief Association CITY OF FARMINGTON City Fiscal Year-End Date 12/31/2017 12/31/2015 12/31/2016 12/31/2018 12/31/2019 12/31/2020 12/31/2021 Year Ended December 31, 2023 12/31/2022 -69- Page 205 of 352 2018 2019 2020 2021 2022 2023 Total OPEB liability Service cost 113,275$ 85,451$ 74,564$ 92,066$ 114,711$ 121,679$ Interest 40,190 40,509 49,025 26,170 26,625 27,861 Differences between expected and actual experience – – (424,559) 489,862 3,834 141,132 Changes of assumptions 28,356 (57,133) 79,584 (278,274) 6,058 (395,696) Benefit payments (38,891) (40,361) (33,373) (45,998) (57,384) (65,854) Net change in total OPEB liability 142,930 28,466 (254,759) 283,826 93,844 (170,878) Total OPEB liability – beginning of year 969,394 1,112,324 1,140,790 886,031 1,169,857 1,263,701 Total OPEB liability – end of year 1,112,324$ 1,140,790$ 886,031$ 1,169,857$ 1,263,701$ 1,092,823$ Covered-employee payroll 5,800,000$ 6,000,000$ 7,300,000$ 7,300,000$ 8,600,000$ 9,200,000$ Total OPEB liability as a percentage of covered-employee payroll 19.18% 19.01% 12.14% 16.03% 14.69% 11.88% Note 1: Note: 2:The City implemented GASB Statement No.75 in fiscal 2018.This schedule is intended to present 10-year trend information. Additional years will be added as they become available. The City has not established a trust fund to finance GASB Statement No. 75 related benefits. Fiscal Year Year Ended December 31, 2023 CITY OF FARMINGTON Other Post-Employment Benefits Plan Schedule of Changes in the City’s Total OPEB Liability and Related Ratios -70- Page 206 of 352 CITY OF FARMINGTON Notes to Required Supplementary Information December 31, 2023 -71- PERA – GENERAL EMPLOYEES RETIREMENT FUND 2023 CHANGES IN ACTUARIAL ASSUMPTIONS • The investment return assumption and single discount rate were changed from 6.50 percent to 7.00 percent. 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, noncompounding 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 two through five, 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-2010 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 MP-2018 to MP-2019. • The assumed spouse age difference was changed from two years older for females to one year older. • The assumed number of married male new retirees electing the 100.00 percent joint and survivor option changed from 35.00 percent to 45.00 percent. The assumed number of married female new retirees electing the 100.00 percent joint and survivor option changed from 15.00 percent to 30.00 percent. The corresponding number of married new retirees electing the life annuity option was adjusted accordingly. Page 207 of 352 CITY OF FARMINGTON Notes to Required Supplementary Information (continued) December 31, 2023 -72- PERA – GENERAL EMPLOYEES RETIREMENT FUND (CONTINUED) 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 thereafter. 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. • 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. Page 208 of 352 CITY OF FARMINGTON Notes to Required Supplementary Information (continued) December 31, 2023 -73- PERA – GENERAL EMPLOYEES RETIREMENT FUND (CONTINUED) 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 percent for inflation. 2015 CHANGES IN ACTUARIAL ASSUMPTIONS • The assumed post-retirement benefit increase rate was changed from 1.00 percent per year through 2030 and 2.50 percent per year thereafter, to 1.00 percent per year through 2035, and 2.50 percent per year thereafter. 2015 CHANGES IN PLAN PROVISIONS • On January 1, 2015, the Minneapolis Employees Retirement Fund was merged into the General Employees Fund, which increased the total pension liability by $1.1 billion and increased the fiduciary plan net position by $892.0 million. Upon consolidation, state and employer contributions were revised; the state’s contribution of $6.0 million, which meets the special funding situation definition, was due September 2015. Page 209 of 352 CITY OF FARMINGTON Notes to Required Supplementary Information (continued) December 31, 2023 -74- PERA – PUBLIC EMPLOYEES POLICE AND FIRE FUND 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, noncompounding 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. • This single discount rate 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. • 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, 20 20 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 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 60.00 percent to 70.00 percent. Minor changes to form of payment assumptions were applied. Page 210 of 352 CITY OF FARMINGTON Notes to Required Supplementary Information (continued) December 31, 2023 -75- PERA – PUBLIC EMPLOYEES POLICE AND FIRE FUND (CONTINUED) 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. • 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. Page 211 of 352 CITY OF FARMINGTON Notes to Required Supplementary Information (continued) December 31, 2023 -76- PERA – PUBLIC EMPLOYEES POLICE AND FIRE FUND (CONTINUED) 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. 2015 CHANGES IN ACTUARIAL ASSUMPTIONS • The assumed post-retirement benefit increase rate was changed from 1.00 percent per year through 2030, and 2.50 percent per year thereafter, to 1.00 percent per year through 2037, and 2.50 percent per year thereafter. 2015 CHANGES IN PLAN PROVISIONS • The post-retirement benefit increase to be paid after attainment of the 90.00 percent funding threshold was changed from inflation up to 2.50 percent, to a fixed rate of 2.50 percent. Page 212 of 352 CITY OF FARMINGTON Notes to Required Supplementary Information (continued) December 31, 2023 -77- FARMINGTON FIRE FIGHTERS’ RELIEF ASSOCIATION 2023 CHANGES IN ACTUARIAL ASSUMPTIONS • The disability, mortality, and withdrawal assumptions were updated from the rates used in the July 1, 2020 Minnesota PERA Police and Fire Plan actuarial valuation to the rates used in the July 1, 2022 Minnesota PERA Police and Fire Plan actuarial valuation. • The inflation rate was changed from 2.25 percent to 2.50 percent. 2022 CHANGES IN PLAN PROVISIONS • The plan benefit level increased from $7,500 to $8,500 per year of service. 2021 CHANGES IN ACTUARIAL ASSUMPTIONS • The disability, mortality, and withdrawal assumptions were updated from the rates used in the July 1, 2018 Minnesota PERA Police and Fire Plan actuarial valuation to the rates used in the July 1, 2020 Minnesota PERA Police and Fire Plan actuarial valuation. • The inflation rate was changed from 2.50 percent to 2.25 percent. 2021 CHANGES IN PLAN PROVISIONS • Interest earned on deferred lump sum amounts has been updated from 5.00 percent for all members to 5.00 percent for members hired before July 1, 2019 and 2.00 percent for members hired on or after July 1, 2019. 2020 CHANGES IN ACTUARIAL ASSUMPTIONS • The actuarial assumptions for investment rate of return and the single discount rate both changed from 5.75 percent to 5.25 percent. 2019 CHANGES IN ACTUARIAL ASSUMPTIONS • The actuarial assumptions for investment rate of return and the single discount rate both changed from 6.50 percent to 5.75 percent. • The inflation rate was changed from 2.75 percent to 2.50 percent. • The mortality and withdrawal assumptions were updated from the rates used in the July 1, 2017 Minnesota PERA Police and Fire Plan actuarial valuation to the rates used in the July 1, 2018 Minnesota PERA Police and Fire Plan actuarial valuation. 2019 CHANGES IN PLAN PROVISIONS • The plan benefit level increased from $6,500 to $7,500 per year of service. Page 213 of 352 CITY OF FARMINGTON Notes to Required Supplementary Information (continued) December 31, 2023 -78- FARMINGTON FIRE FIGHTERS’ RELIEF ASSOCIATION (CONTINUED) 2018 CHANGES IN PLAN PROVISIONS • The plan benefit level increased from $5,500 to $6,500 per year of service. 2017 CHANGES IN ACTUARIAL ASSUMPTIONS • The actuarial assumptions for investment rate of return and the single discount rate both changed from 6.25 percent to 6.50 percent. 2017 CHANGES IN PLAN PROVISIONS • The plan benefit level increased from $4,575 to $5,500 per year of service. 2016 CHANGES IN ACTUARIAL ASSUMPTIONS • The actuarial assumptions for the single discount rate changed from 7.00 percent to 6.25 percent. • The retirement rates were updated to graduated rates from 50.00 percent at the later of age 50 or 20 years of service, up to 100.00 percent at the earlier of age 65 or 30 years of service. Page 214 of 352 CITY OF FARMINGTON Notes to Required Supplementary Information (continued) December 31, 2023 -79- OTHER POST-EMPLOYMENT BENEFITS PLAN 2023 CHANGES IN ACTUARIAL ASSUMPTIONS • Medical trend was updated based on recently published trend model and trend surveys to better reflect future anticipated experience. • Medical per capita claims tables were updated based on recent experience and demographics. • The discount rate was updated from 2.06 percent to 4.05 percent based on recent municipal bond index rates. • Membership participation was updated from 65 percent to 50 percent based on experience and demographics. 2022 CHANGES IN ACTUARIAL ASSUMPTIONS • The actuarial assumptions for the single discount rate changed from 2.12 percent to 2.06 percent. 2021 CHANGES IN ACTUARIAL ASSUMPTIONS • Medical trend was updated based on recently published trend model and trend surveys to better reflect future anticipated experience. • Medical per capita claims tables were updated based on recent experience and demographics. • The actuarial assumptions for the single discount rate changed from 2.74 percent to 2.12 percent. • Withdrawal, mortality, and salary scale assumptions were updated to those included in the recently published PERA General Plan and Police and Fire Plan actuarial valuations. • Assumed retirement ages were updated from the PERA General Plan and Police and Fire Plan assumptions to age 56 for Police and Fire Plan members and 63 for General Plan members. • Assumed future retiree spouse participation was updated from 40.00 percent to current coverage elections. • The assumed inflation rate changed from 2.00 percent to 2.50 percent. 2020 CHANGES IN ACTUARIAL ASSUMPTIONS • The actuarial assumptions for the single discount rate changed from 4.09 percent to 2.74 percent. • The assumed inflation rate changed from 2.50 percent to 2.00 percent. 2019 CHANGES IN ACTUARIAL ASSUMPTIONS • The actuarial assumptions for the single discount rate changed from 3.44 percent to 4.09 percent. 2018 CHANGES IN ACTUARIAL ASSUMPTIONS • The actuarial assumptions for the single discount rate changed from 4.50 percent to 3.44 percent. Page 215 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 216 of 352 SUPPLEMENTARY INFORMATION Page 217 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 218 of 352 -80- NONMAJOR GOVERNMENTAL FUNDS The statements that follow are to provide further detail and support additional analysis for the City’s nonmajor special revenue, capital projects, and debt service funds. Page 219 of 352 Special Capital Debt Service Revenue Projects Fund Total Assets Cash and investments 2,899,540$ 7,936,529$ 2,094,451$ 12,930,520$ Receivables Accounts 141,839 41,839 – 183,678 Interest 7,556 31,095 8,643 47,294 Special assessments Noncurrent – 420,778 – 420,778 Due from other funds – 35,379 – 35,379 Due from other governments – 416,867 – 416,867 Total assets 3,048,935$ 8,882,487$ 2,103,094$ 14,034,516$ Liabilities Accounts and contracts payable 57,847$ 829,653$ 2,649$ 890,149$ Deposits payable 12,238 – – 12,238 Due to other governments 544 – – 544 Due to other funds 2,691 35,379 – 38,070 Total liabilities 73,320 865,032 2,649 941,001 Deferred inflows of resources Unavailable revenue – special assessments – 420,778 – 420,778 Unavailable revenue – long-term receivable – 394,210 – 394,210 Total deferred inflows of resources – 814,988 – 814,988 Fund balances (deficits) Restricted 2,575,633 331,604 2,100,445 5,007,682 Committed 400,141 7,296,850 – 7,696,991 Unassigned (159) (425,987) – (426,146) Total fund balances 2,975,615 7,202,467 2,100,445 12,278,527 Total liabilities, deferred inflows of resources, and fund balances 3,048,935$ 8,882,487$ 2,103,094$ 14,034,516$ CITY OF FARMINGTON Nonmajor Governmental Funds Combining Balance Sheet as of December 31, 2023 -81- Page 220 of 352 Special Capital Debt Service Revenue Projects Fund Total Revenue Property taxes 110,955$ –$ 1,903,565$ 2,014,520$ Franchise taxes – 56,431 – 56,431 Special assessments – – 17,528 17,528 Intergovernmental 1,070,510 2,079,161 – 3,149,671 Charges for services 415,475 644,170 – 1,059,645 Investment earnings 78,753 330,738 66,534 476,025 Other Donations 68,755 78,049 – 146,804 Rentals 13,565 – – 13,565 Miscellaneous 181,313 9,614 – 190,927 Total revenues 1,939,326 3,198,163 1,987,627 7,125,116 Expenditures Current General government – 119,761 – 119,761 Public safety 40,591 53,533 – 94,124 Public works – 846,936 – 846,936 Parks and recreation 546,298 96,925 – 643,223 Economic development 177,927 – – 177,927 Capital outlay Public safety 2,195 1,205,782 – 1,207,977 Public works – 4,168,592 – 4,168,592 Parks and recreation 234,520 – – 234,520 Debt service Principal – 81,097 1,625,000 1,706,097 Interest and fiscal charges – 18,469 370,189 388,658 Total expenditures 1,001,531 6,591,095 1,995,189 9,587,815 Excess (deficiency) of revenues over expenditures 937,795 (3,392,932) (7,562) (2,462,699) Other financing sources (uses) Sale of capital assets 214 127,926 – 128,140 Leases issued – 714,239 – 714,239 Transfers in 277,212 2,121,316 – 2,398,528 Transfers out – (423,446) (1,046,942) (1,470,388) Total other financing sources (uses)277,426 2,540,035 (1,046,942) 1,770,519 Net change in fund balances 1,215,221 (852,897) (1,054,504) (692,180) Fund balances Beginning of year 1,760,394 8,055,364 3,154,949 12,970,707 End of year 2,975,615$ 7,202,467$ 2,100,445$ 12,278,527$ Year Ended December 31, 2023 CITY OF FARMINGTON Nonmajor Governmental Funds Combining Statement of Revenues, Expenditures, and Changes in Fund Balances -82- Page 221 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 222 of 352 -83- NONMAJOR SPECIAL REVENUE FUNDS Nonmajor special revenue funds are used to account for the proceeds of certain specific revenue sources that are restricted or committed to expenditures for specified purposes. Nonmajor special revenue funds presently established are as follows: Economic Development Authority – Used to account for the general economic development activities of the City’s Economic Development Authority. Dakota Broadband – Used to account for the City’s agreement with Dakota Broadband. Trident Housing Tax Increment – Used to account for the development of this tax increment district. Police Donations and Forfeitures – Used to account for the operations and activities related to donations and the forfeiture of confiscated property and allows for the expenditure of those revenues for costs related to the public safety of the City. Police Public Outreach – Used to account for the operations and activities related to police public outreach programs to foster positive relationships between the police department and the community. K-9 – Used to account for the operations and activities related to K-9 program donations and allows for the expenditure of those revenues for costs related to the City’s K-9 program. Park Improvement – Used to account for the operations and activities related to the collection of park dedication fees and other revenues earmarked for construction and improvement of the City’s park and trail system. Arena (Ice) – Used to account for the operation of the City’s ice arena; one sheet of indoor ice for use by hockey and figure skating groups, both school and youth organizations supported. Public Safety – Used to account for state aid restricted for public safety program purposes. Page 223 of 352 Economic Police Development Dakota Trident Housing Donations Authority Broadband Tax Increment and Forfeitures Assets Cash and investments 275,747$ 32,392$ 119,510$ 16,824$ Receivables Accounts – – – – Interest 1,138 – 493 69 Total assets 276,885$ 32,392$ 120,003$ 16,893$ Liabilities Accounts and contracts payable 1,939$ 2,340$ 50,063$ –$ Deposits payable – – – 2,999 Due to other governments – – – – Due to other funds – – – – Total liabilities 1,939 2,340 50,063 2,999 Fund balances (deficits) Restricted for economic development 274,946 30,052 69,940 – Restricted for public safety programs – – – 13,894 Restricted for park improvements – – – – Committed for park improvements – – – – Committed for ice arena capital – – – – Unassigned – – – – Total fund balances (deficits)274,946 30,052 69,940 13,894 Total liabilities and fund balances 276,885$ 32,392$ 120,003$ 16,893$ CITY OF FARMINGTON Nonmajor Special Revenue Funds Combining Balance Sheet as of December 31, 2023 -84- Page 224 of 352 Police Public Park Outreach K-9 Improvement Arena Public Safety Total 53,324$ 644$ 1,365,693$ 300$ 1,035,106$ 2,899,540$ – – – 141,839 – 141,839 220 3 5,633 – – 7,556 53,544$ 647$ 1,371,326$ 142,139$ 1,035,106$ 3,048,935$ 2,699$ 806$ –$ –$ –$ 57,847$ – – – 9,239 – 12,238 – – – 544 – 544 – – – 2,691 – 2,691 2,699 806 – 12,474 – 73,320 – – – – – 374,938 50,845 – – – 1,035,106 1,099,845 – – 1,100,850 – – 1,100,850 – – 270,476 – – 270,476 – – – 129,665 – 129,665 – (159) – – – (159) 50,845 (159) 1,371,326 129,665 1,035,106 2,975,615 53,544$ 647$ 1,371,326$ 142,139$ 1,035,106$ 3,048,935$ -85- Page 225 of 352 Economic Police Development Dakota Trident Housing Donations Authority Broadband Tax Increment and Forfeitures Revenues Property taxes –$ –$ 110,955$ –$ Intergovernmental – 32,904 – – Charges for services – – – – Investment earnings 11,382 – 3,803 733 Other Donations – – – – Rentals – – – – Miscellaneous – – – – Total revenues 11,382 32,904 114,758 733 Expenditures Current Public safety – – – – Parks and recreation – – – – Economic development 72,392 2,973 102,562 – Capital outlay Public safety – – – 2,195 Parks and recreation – – – – Total expenditures 72,392 2,973 102,562 2,195 Excess (deficiency) of revenues over expenditures (61,010) 29,931 12,196 (1,462) Other financing sources Sale of capital assets – – – – Transfers in 86,969 – – – Total other financing sources 86,969 – – – Net change in fund balances 25,959 29,931 12,196 (1,462) Fund balances (deficits) Beginning of year 248,987 121 57,744 15,356 End of year 274,946$ 30,052$ 69,940$ 13,894$ CITY OF FARMINGTON Nonmajor Special Revenue Funds Year Ended December 31, 2023 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances -86- Page 226 of 352 Police Public Park Outreach K-9 Improvement Arena Public Safety Total –$ –$ –$ –$ –$ 110,955$ 2,500 – – – 1,035,106 1,070,510 – – – 415,475 – 415,475 1,802 10 60,142 881 – 78,753 53,911 3,669 1,175 10,000 – 68,755 – – 8,560 5,005 – 13,565 – – 177,311 4,002 – 181,313 58,213 3,679 247,188 435,363 1,035,106 1,939,326 36,714 3,877 – – – 40,591 – – 67,423 478,875 – 546,298 – – – – – 177,927 – – – – – 2,195 – – 219,852 14,668 – 234,520 36,714 3,877 287,275 493,543 – 1,001,531 21,499 (198) (40,087) (58,180) 1,035,106 937,795 – 214 – – – 214 – – 100,000 90,243 – 277,212 – 214 100,000 90,243 – 277,426 21,499 16 59,913 32,063 1,035,106 1,215,221 29,346 (175) 1,311,413 97,602 – 1,760,394 50,845$ (159)$ 1,371,326$ 129,665$ 1,035,106$ 2,975,615$ -87- Page 227 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 228 of 352 -88- NONMAJOR CAPITAL PROJECTS FUNDS Nonmajor capital projects funds are maintained to account for financial resources that are restricted, committed, or assigned to expenditures for capital outlays. Projects are financed through the issuance of debt, special assessments, tax levies, dedicated fees, and intergovernmental aids or grants. Nonmajor capital projects funds presently established are as follows: Sanitary Sewer Trunk – Used to account for the operations and activities dedicated to the construction and improvement of sanitary sewer trunk facilities in the City. Cable Communications – Used to account for the operations and activities related to the provision of cable communications for public access. State Aid Construction – Used to account for street construction and road/street rehabilitation or reconstruction projects that qualify for municipal state aid. Fire – Used to account for fire capital projects and donations to the fire department. Recreation – Used to account for capital improvements to city-owned recreation facilities, such as the senior center, ice arena, and swimming pool; and donations to these activities. Permanent Improvement Revolving – Used to account for street construction projects financed with multiple funding sources. General Capital Equipment – Used to account for the operations and activities related to the City’s general capital equipment. Water Trunk – Used to account for the construction and improvement of water trunk infrastructure within the City. Parking Lot Project – Used to account for improvements to city parking lots. Akin Street Reconstruction – Used to account for street improvements related to Akin Street. Trail Maintenance – Used to account for improvements to city trails. Building Maintenance – Used to account for improvements to city buildings. Spruce Street Reconstruction – Used to account for street improvements related to Spruce Street. Maintenance – Used to account for maintenance of city roads and facilities. Capital Projects Reserve – Used to account for remaining funds left on other capital projects that will be used to fund additional capital projects. 2024 Street Improvements – Used to account for the 2024 street improvement projects. Emerald Ash Borer – Used to account for costs associated with emerald ash borer abatement. Page 229 of 352 Sanitary Sewer Cable State Aid Trunk Communications Construction Fire Assets Cash and investments 978,879$ 881,692$ –$ 215,197$ Receivables Accounts – 40,989 – – Interest 4,039 3,740 – 888 Special assessments Noncurrent – – – – Due from other funds – – – – Due from other governments – – – – Total assets 982,918$ 926,421$ –$ 216,085$ Liabilities Accounts and contracts payable –$ –$ –$ 2,059$ Due to other funds – – – – Total liabilities – – – 2,059 Deferred inflows of resources Unavailable revenue – special assessments – – – – Unavailable revenue – long-term receivable – – – – Total deferred inflows of resources – – – – Fund balances (deficits) Restricted for public, educational, and governmental (PEG) fees – 211,660 – – Restricted for recreational projects – – – – Committed for sanitary sewer trunk 982,918 – – – Committed for cable communications – 714,761 – – Committed for fire capital programs – – – 214,026 Committed for improvement projects – – – – Committed for capital equipment – – – – Committed for water trunk – – – – Committed for parking lot projects – – – – Committed for trail maintenance – – – – Committed for building maintenance – – – – Committed for pavement management – – – – Unassigned – – – – Total fund balances (deficits)982,918 926,421 – 214,026 Total liabilities, deferred inflows of resources, and fund balances 982,918$ 926,421$ –$ 216,085$ CITY OF FARMINGTON Nonmajor Capital Projects Funds Combining Balance Sheet as of December 31, 2023 -89- Page 230 of 352 Permanent General Improvement Capital Water Parking Lot Recreation Revolving Equipment Trunk Project 181,478$ –$ 700,956$ 1,023,016$ 570,595$ – – 850 – – 749 – 2,892 4,221 2,354 – – – – – – – – – – – – – – – 182,227$ –$ 704,698$ 1,027,237$ 572,949$ 17,844$ –$ 7,128$ –$ 49,944$ – – – – – 17,844 – 7,128 – 49,944 – – – – – – – – – – – – – – – – – – – – 119,944 – – – – – – – – – – – – – – – – – – – 44,439 – – – – – – 697,570 – – – – – 1,027,237 – – – – – 523,005 – – – – – – – – – – – – – – – – – – – – 164,383 – 697,570 1,027,237 523,005 182,227$ –$ 704,698$ 1,027,237$ 572,949$ -90-(continued) Page 231 of 352 Akin Spruce Street Trail Building Street Reconstruction Maintenance Maintenance Reconstruction Assets Cash and investments 138,178$ 319,081$ 269,275$ 170,822$ Receivables Accounts – – – – Interest – 1,317 1,111 705 Special assessments Noncurrent – – – – Due from other funds – – – – Due from other governments – 7,157 – – Total assets 138,178$ 327,555$ 270,386$ 171,527$ Liabilities Accounts and contracts payable 270,918$ 17,882$ –$ 381,516$ Due to other funds – – – – Total liabilities 270,918 17,882 – 381,516 Deferred inflows of resources Unavailable revenue – special assessments – – – – Unavailable revenue – long-term receivable – – – – Total deferred inflows of resources – – – – Fund balances (deficits) Restricted for public, educational, and governmental (PEG) fees – – – – Restricted for recreational projects – – – – Committed for sanitary sewer trunk – – – – Committed for cable communications – – – – Committed for fire capital programs – – – – Committed for improvement projects – – – – Committed for capital equipment – – – – Committed for water trunk – – – – Committed for parking lot projects – – – – Committed for trail maintenance – 309,673 – – Committed for building maintenance – – 270,386 – Committed for pavement management – – – – Unassigned (132,740) – – (209,989) Total fund balances (deficits)(132,740) 309,673 270,386 (209,989) Total liabilities, deferred inflows of resources, and fund balances 138,178$ 327,555$ 270,386$ 171,527$ CITY OF FARMINGTON Nonmajor Capital Projects Funds Combining Balance Sheet (continued) as of December 31, 2023 -91- Page 232 of 352 Capital Projects 2024 Street Emerald Ash Maintenance Reserve Improvements Borer Total 2,200,362$ 280,855$ 6,143$ –$ 7,936,529$ – – – – 41,839 9,079 – – – 31,095 – 420,778 – – 420,778 – 35,379 – – 35,379 394,210 – – 15,500 416,867 2,603,651$ 737,012$ 6,143$ 15,500$ 8,882,487$ 12,840$ –$ 36,047$ 33,475$ 829,653$ – – 35,379 – 35,379 12,840 – 71,426 33,475 865,032 – 420,778 – – 420,778 394,210 – – – 394,210 394,210 420,778 – – 814,988 – – – – 211,660 – – – – 119,944 – – – – 982,918 – – – – 714,761 – – – – 214,026 – 316,234 – – 360,673 – –– – 697,570 – –– – 1,027,237 – –– – 523,005 – –– – 309,673 – –– – 270,386 2,196,601 – – – 2,196,601 – – (65,283) (17,975) (425,987) 2,196,601 316,234 (65,283) (17,975) 7,202,467 2,603,651$ 737,012$ 6,143$ 15,500$ 8,882,487$ -92- Page 233 of 352 Sanitary Sewer Cable State Aid Trunk Communications Construction Fire Revenues Franchise taxes –$ 56,431$ –$ –$ Intergovernmental – – – – Charges for services 177,042 – – – Investment earnings 39,053 38,667 1,783 9,271 Other Donations – – – 30,250 Miscellaneous – – – – Total revenues 216,095 95,098 1,783 39,521 Expenditures Current General government – 119,761 – – Public safety – – – 38,776 Public works – – – – Parks and recreation – – – – Capital outlay Public safety – – – 4,222 Public works 18,575 – – – Debt service Principal – – – – Interest and fiscal charges – – – – Total expenditures 18,575 119,761 – 42,998 Excess (deficiency) of revenues over expenditures 197,520 (24,663) 1,783 (3,477) Other financing sources (uses) Sale of capital assets – – – – Leases issued – – – – Transfers in – – – – Transfers out – – (129,049) – Total other financing sources (uses)– – (129,049) – Net change in fund balances 197,520 (24,663) (127,266) (3,477) Fund balances (deficits) Beginning of year 785,398 951,084 127,266 217,503 End of year 982,918$ 926,421$ –$ 214,026$ Year Ended December 31, 2023 and Changes in Fund Balances Combining Statement of Revenues, Expenditures, Nonmajor Capital Projects Funds CITY OF FARMINGTON -93- Page 234 of 352 Permanent General Improvement Capital Water Parking Lot Recreation Revolving Equipment Trunk Project –$ –$ –$ –$ –$ – – – – – – – – 455,990 – 7,521 2,585 30,962 36,528 28,155 47,799 – – – – – – 14 – – 55,320 2,585 30,976 492,518 28,155 – – – – – – – 14,757 – – – – – – – 25,852 – – – – – – 1,201,560 – – – – – – 403,346 – – 81,097 – – – – 18,469 – – 25,852 – 1,315,883 – 403,346 29,468 2,585 (1,284,907) 492,518 (375,191) 6,721 – 121,205 – – – – 714,239 – – – – 625,000 – – (70,243) (187,185) – – – (63,522) (187,185) 1,460,444 – – (34,054) (184,600) 175,537 492,518 (375,191) 198,437 184,600 522,033 534,719 898,196 164,383$ –$ 697,570$ 1,027,237$ 523,005$ -94-(continued) Page 235 of 352 Akin Spruce Street Trail Building Street Reconstruction Maintenance Maintenance Reconstruction Revenues Franchise taxes –$ –$ –$ –$ Intergovernmental 2,011,291 52,370 – – Charges for services – – – – Investment earnings – 12,027 10,823 25,236 Other Donations – – – – Miscellaneous – – 9,600 – Total revenues 2,011,291 64,397 20,423 25,236 Expenditures Current General government – – – – Public safety – – – – Public works 134,199 – – 141,138 Parks and recreation – 71,073 – – Capital outlay Public safety – – – – Public works 1,919,576 – – 1,806,050 Debt service Principal – – – – Interest and fiscal charges – – – – Total expenditures 2,053,775 71,073 – 1,947,188 Excess (deficiency) of revenues over expenditures (42,484) (6,676) 20,423 (1,921,952) Other financing sources (uses) Sale of capital assets – – – – Leases issued – – – – Transfers in – 150,000 30,000 – Transfers out – – – – Total other financing sources (uses)– 150,000 30,000 – Net change in fund balances (42,484) 143,324 50,423 (1,921,952) Fund balances (deficits) Beginning of year (90,256) 166,349 219,963 1,711,963 End of year (132,740)$ 309,673$ 270,386$ (209,989)$ Year Ended December 31, 2023 and Changes in Fund Balances (continued) Combining Statement of Revenues, Expenditures, Nonmajor Capital Projects Funds CITY OF FARMINGTON -95- Page 236 of 352 Capital Projects 2024 Street Emerald Ash Maintenance Reserve Improvements Borer Total –$ –$ –$ –$ 56,431$ – – – 15,500 2,079,161 11,138 – – – 644,170 88,127 – – – 330,738 – – – – 78,049 – – – – 9,614 99,265 – – 15,500 3,198,163 – – – – 119,761 – – – – 53,533 156,759 – 65,283 349,557 846,936 – – – – 96,925 – – – – 1,205,782 21,045 – – – 4,168,592 – – – – 81,097 – – – – 18,469 177,804 – 65,283 349,557 6,591,095 (78,539) – (65,283) (334,057) (3,392,932) – – – – 127,926 – – – – 714,239 684,000 316,234 – 316,082 2,121,316 (36,969) – – – (423,446) 647,031 316,234 – 316,082 2,540,035 568,492 316,234 (65,283) (17,975) (852,897) 1,628,109 – – – 8,055,364 2,196,601$ 316,234$ (65,283)$ (17,975)$ 7,202,467$ -96- Page 237 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 238 of 352 -97- NONMAJOR DEBT SERVICE FUND The Debt Service Fund is used to account for the accumulation of resources for the payment of principal and interest on long-term debt obligations other than those issued for and serviced by an enterprise fund. 2010A General Obligation Improvement Refunding Bonds – The bonds were issued for the refinancing of the Police Station. This account was closed in 2023. 2013A General Obligation Improvement Refunding Bonds – The bonds were issued to refund the 2005B and 2006A bonds, which were originally issued for the Ash Street, Hill Dee, and Spruce Street projects. This account was closed in 2023. 2015A General Obligation Street Construction Bonds – The bonds were issued to fund the 195th Avenue Street reconstruction project. 2016A General Obligation Improvement Refunding Bonds – The bonds were issued to refund the 2008A, 2008B, and 2010C bonds, which were originally issued for the Elm Street, 195th Street Extension, and Walnut Street reconstruction projects. This account was closed in 2023. 2016B General Obligation Capital Improvement Refunding Bonds – The bonds were issued to refund the 2007A bonds, which were originally issued to finance City Hall and the City Garage. 2019A General Obligation Street Construction Bonds – The bonds were issued to fund the Westview Street improvement project. 2020A General Obligation Equipment Certificates – The certificates were issued to fund the purchase of a ladder truck. 2022A General Obligation Street Construction Bonds – The bonds were issued to fund the Spruce Street and Parking Lot improvement projects. Page 239 of 352 2010A G.O.2013A G.O.2015A G.O.2016A G.O. Improvement Improvement Street Improvement Refunding Refunding Construction Refunding Bonds Bonds Bonds Bonds Assets Cash and investments –$ –$ 502,811$ –$ Receivables Interest – – 2,075 – Total assets –$ –$ 504,886$ –$ Liabilities Accounts and contracts payable –$ –$ 530$ –$ Fund balances Restricted for debt service – – 504,356 – Total liabilities and fund balances –$ –$ 504,886$ –$ CITY OF FARMINGTON Debt Service Fund Combining Balance Sheet by Account as of December 31, 2023 -98- Page 240 of 352 2016B G.O. Capital 2019A G.O.2022A G.O. Improvement Street 2020A G.O.Street Refunding Construction Equipment Construction Bonds Bonds Certificates Bonds Total 649,031$ 269,198$ 270,722$ 402,689$ 2,094,451$ 2,678 1,111 1,117 1,662 8,643 651,709$ 270,309$ 271,839$ 404,351$ 2,103,094$ 530$ 530$ 529$ 530$ 2,649$ 651,179 269,779 271,310 403,821 2,100,445 651,709$ 270,309$ 271,839$ 404,351$ 2,103,094$ -99- Page 241 of 352 2010A G.O.2013A G.O.2015A G.O.2016A G.O. Improvement Improvement Street Improvement Refunding Refunding Construction Refunding Bonds Bonds Bonds Bonds Revenues Property taxes –$ –$ 287,648$ –$ Special assessments – 17,528 – – Investment earnings 446 1,486 16,684 6,014 Total revenues 446 19,014 304,332 6,014 Expenditures Debt service Principal – – 225,000 445,000 Interest and fiscal charges – 11 43,405 10,040 Total expenditures – 11 268,405 455,040 Excess (deficiency) of revenues over expenditures 446 19,003 35,927 (449,026) Other financing sources (uses) Transfers out (58,421) (203,057) – (785,464) Net change in fund balances (57,975) (184,054) 35,927 (1,234,490) Fund balances Beginning of year 57,975 184,054 468,429 1,234,490 End of year –$ –$ 504,356$ –$ CITY OF FARMINGTON Debt Service Fund Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances by Account Year Ended December 31, 2023 -100- Page 242 of 352 2016B G.O. Capital 2019A G.O.2022A G.O. Improvement Street 2020A G.O.Street Refunding Construction Equipment Construction Bonds Bonds Certificates Bonds Total 638,000$ 231,525$ 267,487$ 478,905$ 1,903,565$ – – – – 17,528 17,207 7,572 7,173 9,952 66,534 655,207 239,097 274,660 488,857 1,987,627 545,000 200,000 210,000 – 1,625,000 85,805 16,580 41,030 173,318 370,189 630,805 216,580 251,030 173,318 1,995,189 24,402 22,517 23,630 315,539 (7,562) – – – – (1,046,942) 24,402 22,517 23,630 315,539 (1,054,504) 626,777 247,262 247,680 88,282 3,154,949 651,179$ 269,779$ 271,310$ 403,821$ 2,100,445$ -101- Page 243 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 244 of 352 -102- BUDGETARY COMPARISON SCHEDULES Private Capital Projects Fund Storm Water Trunk Capital Projects Fund Nonmajor Special Revenue Funds Economic Development Authority Dakota Broadband Trident Housing Tax Increment Police Donations and Forfeitures Park Improvement Arena Nonmajor Capital Projects Funds Sanitary Sewer Trunk Cable Communications State Aid Construction Fire Recreation Permanent Improvement Revolving General Capital Equipment Water Trunk Trail Maintenance Building Maintenance Maintenance Nonmajor Debt Service Fund Debt Service Page 245 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Investment earnings 7,000$ 83,525$ 76,525$ Fund balances Beginning of year 42,300 End of year 125,825$ CITY OF FARMINGTON Private Capital Projects Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -103- Page 246 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Property taxes 166,000$ 166,000$ –$ Charges for services 100,000 277,962 177,962 Investment earnings 16,700 228,231 211,531 Total revenues 282,700 672,193 389,493 Expenditures Debt service Interest and fiscal charges – 7,883 7,883 Net change in fund balances 282,700$ 664,310 381,610$ Fund balances Beginning of year 4,703,897 End of year 5,368,207$ CITY OF FARMINGTON Storm Water Trunk Capital Projects Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -104- Page 247 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Investment earnings 1,600$ 11,382$ 9,782$ Expenditures Current Economic development 81,510 72,392 (9,118) Excess (deficiency) of revenues over expenditures (79,910) (61,010) 18,900 Other financing sources Transfers in 50,000 86,969 36,969 Net change in fund balances (29,910)$ 25,959 55,869$ Fund balances Beginning of year 248,987 End of year 274,946$ CITY OF FARMINGTON Economic Development Authority Special Revenue Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -105- Page 248 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Intergovernmental 167,883$ 32,904$ (134,979)$ Expenditures Current Economic development 167,883 2,973 (164,910) Net change in fund balances –$ 29,931 29,931$ Fund balances Beginning of year 121 End of year 30,052$ CITY OF FARMINGTON Dakota Broadband Special Revenue Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -106- Page 249 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Property taxes 146,210$ 110,955$ (35,255)$ Investment earnings 400 3,803 3,403 Total revenues 146,610 114,758 (31,852) Expenditures Current Economic development 134,439 102,562 (31,877) Net change in fund balances 12,171$ 12,196 25$ Fund balances Beginning of year 57,744 End of year 69,940$ CITY OF FARMINGTON Trident Housing Tax Increment Special Revenue Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -107- Page 250 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Investment earnings 50$ 733$ 683$ Expenditures Current Public safety 2,000 – (2,000) Capital outlay Public safety – 2,195 2,195 Total expenditures 2,000 2,195 195 Excess (deficiency) of revenues over expenditures (1,950) (1,462) 488 Other financing sources Sale of capital assets 3,500 – (3,500) Net change in fund balances 1,550$ (1,462) (3,012)$ Fund balances Beginning of year 15,356 End of year 13,894$ CITY OF FARMINGTON Police Donations and Forfeitures Special Revenue Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -108- Page 251 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Investment earnings 4,000$ 60,142$ 56,142$ Other Donations – 1,175 1,175 Rentals 8,560 8,560 – Miscellaneous 75,000 177,311 102,311 Total revenues 87,560 247,188 159,628 Expenditures Current Parks and recreation 352,000 67,423 (284,577) Capital outlay Parks and recreation 10,250 219,852 209,602 Total expenditures 362,250 287,275 (74,975) Excess (deficiency) of revenues over expenditures (274,690) (40,087) 234,603 Other financing sources Transfers in 100,000 100,000 – Net change in fund balances (174,690)$ 59,913 234,603$ Fund balances Beginning of year 1,311,413 End of year 1,371,326$ CITY OF FARMINGTON Park Improvement Special Revenue Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -109- Page 252 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Charges for services 426,000$ 415,475$ (10,525)$ Investment earnings 400 881 481 Other Donations 5,000 10,000 5,000 Rentals 3,500 5,005 1,505 Miscellaneous – 4,002 4,002 Total revenues 434,900 435,363 463 Expenditures Current Parks and recreation 452,107 478,875 26,768 Capital outlay Parks and recreation 1,000 14,668 13,668 Total expenditures 453,107 493,543 40,436 Excess (deficiency) of revenues over expenditures (18,207) (58,180) (39,973) Other financing sources Transfers in – 90,243 90,243 Net change in fund balances (18,207)$ 32,063 50,270$ Fund balances Beginning of year 97,602 End of year 129,665$ CITY OF FARMINGTON Arena Special Revenue Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -110- Page 253 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Charges for services 68,400$ 177,042$ 108,642$ Investment earnings 2,900 39,053 36,153 Total revenues 71,300 216,095 144,795 Expenditures Capital outlay Public works – 18,575 18,575 Net change in fund balances 71,300$ 197,520 126,220$ Fund balances Beginning of year 785,398 End of year 982,918$ CITY OF FARMINGTON Sanitary Sewer Trunk Capital Projects Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -111- Page 254 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Franchise taxes 120,000$ 56,431$ (63,569)$ Investment earnings 5,600 38,667 33,067 Total revenues 125,600 95,098 (30,502) Expenditures Current General government 133,385 119,761 (13,624) Capital outlay General government 30,000 – (30,000) Total expenditures 163,385 119,761 (43,624) Net change in fund balances (37,785)$ (24,663) 13,122$ Fund balances Beginning of year 951,084 End of year 926,421$ CITY OF FARMINGTON Cable Communications Capital Projects Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -112- Page 255 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Investment earnings 800$ 1,783$ 983$ Other financing (uses) Transfers out – (129,049) (129,049) Net change in fund balances 800$ (127,266) (128,066)$ Fund balances Beginning of year 127,266 End of year –$ CITY OF FARMINGTON State Aid Construction Capital Projects Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -113- Page 256 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Investment earnings 700$ 9,271$ 8,571$ Other Donations – 30,250 30,250 Total revenues 700 39,521 38,821 Expenditures Current Public safety 2,000 38,776 36,776 Capital outlay Public safety 5,000 4,222 (778) Total expenditures 7,000 42,998 35,998 Net change in fund balances (6,300)$ (3,477) 2,823$ Fund balances Beginning of year 217,503 End of year 214,026$ CITY OF FARMINGTON Fire Capital Projects Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -114- Page 257 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Investment earnings 800$ 7,521$ 6,721$ Other Donations 20,000 47,799 27,799 Total revenues 20,800 55,320 34,520 Expenditures Current Parks and recreation 92,000 25,852 (66,148) Capital outlay Parks and recreation 6,000 – (6,000) Total expenditures 98,000 25,852 (72,148) Excess (deficiency) of revenues over expenditures (77,200) 29,468 106,668 Other financing sources (uses) Sale of capital assets – 6,721 6,721 Transfers in 20,000 – (20,000) Transfers out – (70,243) (70,243) Total other financing sources (uses)20,000 (63,522) (83,522) Net change in fund balances (57,200)$ (34,054) 23,146$ Fund balances Beginning of year 198,437 End of year 164,383$ CITY OF FARMINGTON Recreation Capital Projects Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -115- Page 258 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Investment earnings 1,000$ 2,585$ 1,585$ Other financing (uses) Transfers out – (187,185) (187,185) Net change in fund balances 1,000$ (184,600) (185,600)$ Fund balances Beginning of year 184,600 End of year –$ CITY OF FARMINGTON Permanent Improvement Revolving Capital Projects Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -116- Page 259 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Investment earnings 4,500$ 30,962$ 26,462$ Other Donations – 14 14 4,500 30,976 26,476 Expenditures Current Public safety – 14,757 14,757 Capital outlay Public safety 557,408 1,201,560 644,152 Debt service Principal – 81,097 81,097 Interest and fiscal charges – 18,469 18,469 Total expenditures 557,408 1,315,883 758,475 Excess (deficiency) of revenues over expenditures (552,908) (1,284,907) (731,999) Other financing sources Sale of capital assets – 121,205 121,205 Leases issued – 714,239 714,239 Transfers in 625,000 625,000 – Total other financing sources 625,000 1,460,444 835,444 Net change in fund balances 72,092$ 175,537 103,445$ Fund balances Beginning of year 522,033 End of year 697,570$ CITY OF FARMINGTON General Capital Equipment Capital Projects Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -117- Page 260 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Charges for services 303,600$ 455,990$ 152,390$ Investment earnings – 36,528 36,528 Total revenues 303,600$ 492,518 188,918$ Fund balances Beginning of year 534,719 End of year 1,027,237$ CITY OF FARMINGTON Water Trunk Capital Projects Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -118- Page 261 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Intergovernmental –$ 52,370$ 52,370$ Investment earnings 300 12,027 11,727 Total revenues 300 64,397 64,097 Expenditures Current Parks and recreation 174,920 71,073 (103,847) Excess (deficiency) of revenues over expenditures (174,620) (6,676) 167,944 Other financing sources Transfers in 150,000 150,000 – Net change in fund balances (24,620)$ 143,324 167,944$ Fund balances Beginning of year 166,349 End of year 309,673$ CITY OF FARMINGTON Trail Maintenance Capital Projects Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -119- Page 262 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Investment earnings 100$ 10,823$ 10,723$ Other Miscellaneous – 9,600 9,600 Total revenues 100 20,423 20,323 Expenditures Current General government 43,359 – (43,359) Excess (deficiency) of revenues over expenditures (43,259) 20,423 63,682 Other financing sources Transfers in 30,000 30,000 – Net change in fund balances (13,259)$ 50,423 63,682$ Fund balances Beginning of year 219,963 End of year 270,386$ CITY OF FARMINGTON Building Maintenance Capital Projects Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -120- Page 263 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Intergovernmental 697,000$ –$ (697,000)$ Charges for service – 11,138 11,138 Investment earnings 8,200 88,127 79,927 Total revenues 705,200 99,265 (605,935) Expenditures Current Public works 852,400 156,759 (695,641) Capital outlay Public works 6,538,000 21,045 (6,516,955) Total expenditures 7,390,400 177,804 (7,212,596) Excess (deficiency) of revenues over expenditures (6,685,200) (78,539) 6,606,661 Other financing sources (uses) Bonds issued 3,573,000 – (3,573,000) Transfers in 3,002,000 684,000 (2,318,000) Transfers out – (36,969) (36,969) Total other financing sources (uses)6,575,000 647,031 (5,927,969) Net change in fund balances (110,200)$ 568,492 678,692$ Fund balances Beginning of year 1,628,109 End of year 2,196,601$ CITY OF FARMINGTON Maintenance Capital Projects Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -121- Page 264 of 352 Original and Variance With Final Budget Actual Final Budget Revenues Property taxes 1,903,565$ 1,903,565$ –$ Special assessments 237,300 17,528 (219,772) Investment earnings 7,600 66,534 58,934 Total revenues 2,148,465 1,987,627 (160,838) Expenditures Debt service Principal 1,625,000 1,625,000 – Interest and fiscal charges 379,356 370,189 (9,167) Total expenditures 2,004,356 1,995,189 (9,167) Excess (deficiency) of revenues over expenditures 144,109 (7,562) (151,671) Other financing (uses) Transfers out – (1,046,942) (1,046,942) Net change in fund balances 144,109$ (1,054,504) (1,198,613)$ Fund balances Beginning of year 3,154,949 End of year 2,100,445$ CITY OF FARMINGTON Debt Service Fund Budgetary Comparison Schedule Year Ended December 31, 2023 -122- Page 265 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 266 of 352 -123- INTERNAL SERVICE FUNDS Employee Expense – Used to account for the costs of employer-paid benefits, including pension, Social Security, health, life and dental insurance, and workers’ compensation insurance. Property and Liability Insurance – Used to account for the costs of property and liability insurance for the City. Fleet – Used to account for the costs of vehicle maintenance services provided to divisions by staff at the City Garage facility. Information Technology – Used to account for the costs of computer hardware, software, and internet services provided to all city departments. Page 267 of 352 Property Employee and Liability Information Expense Insurance Fleet Technology Total Assets Current assets Cash and investments 1,684,135$ 495,253$ 50,848$ 751,042$ 2,981,278$ Receivables Interest 6,949 2,043 210 3,099 12,301 Due from other governments 15,862 – – – 15,862 Prepaid items – – – 4,125 4,125 Total current assets 1,706,946 497,296 51,058 758,266 3,013,566 Noncurrent assets Capital assets Machinery and equipment – – 99,124 – 99,124 Less accumulated depreciation – – (96,375)– (96,375) Total capital assets – – 2,749 – 2,749 Total assets 1,706,946$ 497,296$ 53,807$ 758,266$ 3,016,315$ Current liabilities Accounts and contracts payable –$ –$ 7,776$ 78,357$ 86,133$ Accrued salaries and employee benefits payable 227,489 – – – 227,489 Deposits payable 2,720 – – – 2,720 Compensated absences payable – – 36,250 15,532 51,782 Total current liabilities 230,209 – 44,026 93,889 368,124 Net position Investment in capital assets – – 2,749 – 2,749 Unrestricted 1,476,737 497,296 7,032 664,377 2,645,442 Total net position 1,476,737 497,296 9,781 664,377 2,648,191 Total liabilities and net position 1,706,946$ 497,296$ 53,807$ 758,266$ 3,016,315$ as of December 31, 2023 CITY OF FARMINGTON Internal Service Funds Combining Statement of Net Position -124- Page 268 of 352 Property Employee and Liability Information Expense Insurance Fleet Technology Total Operating revenues Charges for services 2,764,462$ –$ 234,700$ 798,289$ 3,797,451$ Insurance reimbursement – 328,057 – – 328,057 Total operating revenues 2,764,462 328,057 234,700 798,289 4,125,508 Operating expenses Personal services 2,923,857 – 239,757 240,969 3,404,583 Professional services 95 1 31,830 462,389 494,315 Materials and supplies – – 51,498 130,206 181,704 Insurance – 334,721 – – 334,721 Depreciation – – 1,100 – 1,100 Total operating expenses 2,923,952 334,722 324,185 833,564 4,416,423 Operating income (loss)(159,490) (6,665) (89,485) (35,275) (290,915) Nonoperating revenue Investment earnings 76,272 19,219 3,146 30,465 129,102 Income (loss) before transfers (83,218) 12,554 (86,339) (4,810) (161,813) Transfers in 13,022 22,000 – – 35,022 Change in net position (70,196) 34,554 (86,339) (4,810) (126,791) Net position Beginning of year 1,546,933 462,742 96,120 669,187 2,774,982 End of year 1,476,737$ 497,296$ 9,781$ 664,377$ 2,648,191$ Year Ended December 31, 2023 CITY OF FARMINGTON Internal Service Funds Combining Statement of Revenues, Expenses, and Changes in Fund Net Position -125- Page 269 of 352 Property Employee and Liability Information Expense Insurance Fleet Technology Total Cash flows from operating activities Cash receipts from other funds and reimbursements 2,748,724$ 368,795$ 234,700$ 798,289$ 4,150,508$ Cash payments to employees for services (2,933,691) – (236,371) (241,678) (3,411,740) Cash payments for interfund services used (95) (343,521) (77,741) (536,866) (958,223) Net cash flows from operating activities (185,062) 25,274 (79,412) 19,745 (219,455) Cash flows from noncapital financing activities Transfers in 13,022 22,000 – – 35,022 Cash flows from investing activities Interest received and changes in fair value on investments 74,917 18,525 3,335 29,523 126,300 Net increase (decrease) in cash and cash equivalents (97,123) 65,799 (76,077) 49,268 (58,133) Cash and cash equivalents Beginning of year 1,781,258 429,454 126,925 701,774 3,039,411 End of year 1,684,135$ 495,253$ 50,848$ 751,042$ 2,981,278$ Reconciliation of operating income (loss) to net cash flows from operating activities Operating income (loss) (159,490)$ (6,665)$ (89,485)$ (35,275)$ (290,915)$ Adjustments to reconcile operating income (loss) to net cash flows from operating activities Depreciation – – 1,100 – 1,100 Change in assets and liabilities Accounts receivable – 40,738 – – 40,738 Due from other governments (15,738) – – – (15,738) Prepaid items – – – 41,559 41,559 Accounts and contracts payable (1,678) (8,799) 5,587 14,170 9,280 Accrued salaries and employee benefits (8,870) – – – (8,870) Deposits payable 714 – – – 714 Compensated absences payable – – 3,386 (709) 2,677 Total adjustments (25,572) 31,939 10,073 55,020 71,460 Net cash flows from operating activities (185,062)$ 25,274$ (79,412)$ 19,745$ (219,455)$ Year Ended December 31, 2023 CITY OF FARMINGTON Internal Service Funds Combining Statement of Cash Flows -126- Page 270 of 352 STATISTICAL SECTION (UNAUDITED) Page 271 of 352 Page 272 of 352 -127- STATISTICAL TABLES (UNAUDITED) This part of the City’s Annual Comprehensive Financial Report (ACFR) presents detailed information as a context for understanding this year’s financial statements, note disclosures, and supplementary information. This information has not been audited by the independent auditor. The contents of the statistical section include: Financial Trends – These tables contain trend information that may assist the reader in assessing the City’s current financial performance by placing it in historical perspective. Revenue Capacity – These tables contain information to assist the reader in assessing the City’s most significant local revenue source—property taxes. Debt Capacity – These tables present information that may assist the reader in analyzing the affordability of the City’s current levels of outstanding debt and the City’s ability to issue additional debt in the future. Demographic and Economic Information – These tables offer economic and demographic indicators that are commonly used for financial analysis and that can assist the reader in understanding the City’s present and ongoing financial status. Operating Information – These tables contain service and infrastructure indicators that can assist the reader in understanding how the information in the City’s financial report relates to the services the City provides and the activities it performs. Source – Unless otherwise noted, the information in these tables is derived from the ACFR for the relevant year. Page 273 of 352 Fiscal Year 2014 2015 2016 2017 Governmental activities Net investment in capital assets 23,383,175$ 21,417,203$ 23,684,773$ 28,820,307$ Restricted 9,235,448 9,063,587 10,441,391 6,961,837 Unrestricted 13,150,789 8,920,144 5,142,435 6,576,959 Total governmental activities net position 45,769,412$ 39,400,934$ 39,268,599$ 42,359,103$ Business-type activities Net investment in capital assets 55,685,476$ 54,807,938$ 53,225,787$ 51,464,649$ Restricted 2,160,566 2,160,566 2,231,966 2,238,206 Unrestricted 10,396,218 11,439,369 12,575,526 13,508,485 Total business-type activities net position 68,242,260$ 68,407,873$ 68,033,279$ 67,211,340$ Primary government Net investment in capital assets 79,068,651$ 76,225,141$ 76,910,560$ 80,284,956$ Restricted 11,396,014 11,224,153 12,673,357 9,200,043 Unrestricted 23,547,007 20,359,513 17,717,961 20,085,444 Total primary government net position 114,011,672$ 107,808,807$ 107,301,878$ 109,570,443$ Note 1: Note 2: The City implemented GASB Statement No.68 in fiscal 2015,recording a change in accounting principle that decreased unrestricted net position. Prior year balances were not restated. The City implemented GASB Statement No.87 in fiscal 2022,recording a change in accounting principle that decreased unrestricted net position. Prior year balances were not restated. CITY OF FARMINGTON Net Position by Component Last Ten Fiscal Years (accrual basis of accounting) -128- Page 274 of 352 2018 2019 2020 2021 2022 2023 32,909,853$ 33,867,761$ 35,883,311$ 36,819,084$ 37,033,206$ 39,137,210$ 4,797,191 5,343,074 5,224,015 9,841,913 10,556,611 9,132,767 7,997,614 8,001,782 9,236,760 11,591,481 14,198,632 16,705,704 45,704,658$ 47,212,617$ 50,344,086$ 58,252,478$ 61,788,449$ 64,975,681$ 50,747,479$ 53,677,776$ 51,976,059$ 50,773,632$ 48,353,192$ 48,486,110$ 2,316,500 2,461,488 2,461,488 2,461,488 2,461,488 2,461,488 14,594,293 13,187,014 15,418,911 18,123,198 18,266,640 21,351,782 67,658,272$ 69,326,278$ 69,856,458$ 71,358,318$ 69,081,320$ 72,299,380$ 83,657,332$ 87,545,537$ 87,859,370$ 87,592,716$ 85,386,398$ 87,623,320$ 7,113,691 7,804,562 7,685,503 12,303,401 13,018,099 11,594,255 22,591,907 21,188,796 24,655,671 29,714,679 32,465,272 38,057,486 113,362,930$ 116,538,895$ 120,200,544$ 129,610,796$ 130,869,769$ 137,275,061$ -129- Page 275 of 352 Fiscal Year 2014 2015 2016 2017 Expenses Governmental activities General government 1,940,630$ 2,284,974$ 2,268,779$ 2,178,067$ Public safety 5,192,091 5,357,738 6,979,608 6,472,115 Public works 4,893,341 7,473,095 5,497,796 3,888,778 Park and recreation 1,730,734 1,815,882 1,904,792 1,782,783 Economic development 49,417 90,000 40,000 40,000 Interest and fiscal charges 1,020,096 992,422 1,032,748 549,075 Total governmental activities expenses 14,826,309$ 18,014,111$ 17,723,723$ 14,910,818$ Business-type activities Liquor operations 4,315,834$ 4,352,597$ 4,448,932$ 4,634,488$ Sewer operations 1,712,146 1,875,225 2,051,152 2,105,901 Solid waste 1,600,434 1,658,128 1,753,162 1,864,175 Storm water 615,684 731,444 534,988 571,572 Water 1,410,214 1,339,588 1,359,215 1,313,482 Street light 174,957 173,212 288,924 197,150 Total business-type activities 9,829,269 10,130,194 10,436,373 10,686,768 Total primary government expenses 24,655,578$ 28,144,305$ 28,160,096$ 25,597,586$ Program revenues Governmental activities Charges for services General government 534,008$ 399,053$ 668,849$ 434,411$ Public safety 409,460 351,038 459,240 405,648 Public works 94,416 9,624 195,716 76,049 Parks and recreation 607,566 604,111 651,936 619,026 Operating grants and contributions 677,999 649,541 744,730 684,376 Capital grants and contributions 477,833 671,671 818,545 848,167 Total governmental activities program revenues 2,801,282$ 2,685,038$ 3,539,016$ 3,067,677$ CITY OF FARMINGTON Changes in Net Position Last Ten Fiscal Years (accrual basis of accounting) -130- Page 276 of 352 2018 2019 2020 2021 2022 2023 2,511,818$ 2,609,059$ 2,933,062$ 2,560,243$ 3,626,853$ 5,200,453$ 5,728,925 6,118,203 6,834,253 6,549,508 7,936,364 8,712,115 4,358,465 5,612,872 5,262,979 3,977,134 5,333,328 3,806,386 1,772,351 2,202,631 1,430,839 2,789,326 2,522,085 2,583,554 30,000 50,000 276,900 406,795 247,970 177,927 350,431 404,893 193,167 189,858 288,751 239,992 14,751,990$ 16,997,658$ 16,931,200$ 16,472,864$ 19,955,351$ 20,720,427$ 4,890,304$ 5,257,236$ 4,958,705$ 5,256,311$ 5,977,403$ 6,256,081$ 1,931,276 2,326,630 2,334,000 2,459,637 2,606,288 2,872,236 2,092,844 1,913,258 2,630,874 2,566,976 87,359 76,270 521,465 557,749 530,438 581,402 719,225 725,039 1,246,667 1,439,178 1,626,279 1,764,908 1,814,354 1,889,215 180,254 165,886 173,604 180,528 210,174 214,757 10,862,810 11,659,937 12,253,900 12,809,762 11,414,803 12,033,598 25,614,800$ 28,657,595$ 29,185,100$ 29,282,626$ 31,370,154$ 32,754,025$ 467,417$ 471,569$ 631,118$ 855,812$ 999,320$ 1,048,415$ 408,434 437,054 413,594 560,518 550,052 581,869 273,695 189,282 201,401 708,197 1,215,397 965,032 709,490 582,631 389,870 987,028 913,710 829,870 702,853 838,569 713,470 1,062,789 1,076,883 1,924,255 942,627 869,849 50,478 4,106,221 833,090 1,002,806 3,504,516$ 3,388,954$ 2,399,931$ 8,280,565$ 5,588,452$ 6,352,247$ -131-(continued) Page 277 of 352 Fiscal Year 2014 2015 2016 2017 Program revenues (continued) Business-type activities Charges for services Liquor operations 4,639,194$ 4,607,417$ 4,742,313$ 4,967,468$ Sewer 1,843,746 1,957,902 2,043,859 2,068,388 Solid waste 1,979,623 1,991,179 2,041,561 2,061,324 Storm water 559,327 670,353 643,479 647,767 Water 1,499,091 1,439,873 1,631,643 1,681,079 Street light 219,052 222,159 224,781 225,570 Operating grants and contributions 21,000 22,000 23,000 24,000 Capital grants and contributions – 945,938 – – Total business-type activities program revenues 10,761,033 11,856,821 11,350,636 11,675,596 Total primary government program revenues 13,562,315$ 14,541,859$ 14,889,652$ 14,743,273$ Net (expense) revenue Governmental activities (12,025,027)$ (15,329,073)$ (14,184,707)$ (11,843,141)$ Business-type activities 931,764 1,726,627 914,263 988,828 Total primary government net expense (11,093,263)$ (13,602,446)$ (13,270,444)$ (10,854,313)$ General revenues and other changes in net position Governmental activities Property taxes 10,962,860$ 11,460,209$ 11,806,302$ 12,181,830$ Franchise taxes 269,208 265,485 275,691 266,728 Unrestricted grants and contributions 257,386 278,974 287,252 289,854 Unrestricted investment earnings (charges)130,739 189,540 255,021 200,851 Gain on sale of capital assets – – – 54,408 Transfers 1,414,119 1,222,807 1,428,106 1,939,974 Total governmental activities 13,034,312$ 13,417,015$ 14,052,372$ 14,933,645$ Business-type activities Unrestricted grants and contributions –$ –$ –$ –$ Unrestricted investment earnings (charges)246,220 152,954 139,249 129,207 Transfers (1,414,119) (1,222,807) (1,428,106) (1,939,974) Total business-type activities (1,167,899) (1,069,853) (1,288,857) (1,810,767) Total primary government 11,866,413$ 12,347,162$ 12,763,515$ 13,122,878$ Change in net position Governmental activities 1,009,285$ (1,912,058)$ (132,335)$ 3,090,504$ Business-type activities (236,135) 656,774 (374,594) (821,939) Total primary government 773,150$ (1,255,284)$ (506,929)$ 2,268,565$ CITY OF FARMINGTON Changes in Net Position Last Ten Fiscal Years (continued) (accrual basis of accounting) -132- Page 278 of 352 2018 2019 2020 2021 2022 2023 5,256,645$ 5,608,012$ 5,347,194$ 5,724,828$ 6,391,785$ 6,770,039$ 2,045,728 2,117,934 2,160,808 2,264,006 2,611,202 2,762,566 2,071,672 2,244,569 2,692,155 2,858,958 27,491 10,605 737,115 1,130,563 1,149,665 1,158,564 1,227,091 1,327,620 1,852,381 2,281,793 2,533,753 3,251,453 2,533,222 2,799,075 226,674 226,971 232,990 232,378 236,117 238,805 30,263 34,190 26,710 240,598 30,616 10,822 – 81,634 – 476,930 – – 12,220,478 13,725,666 14,143,275 16,207,715 13,057,524 13,919,532 12,220,478$ 13,807,300$ 14,143,275$ 16,684,645$ 13,057,524$ 13,919,532$ (11,247,474)$ (13,608,704)$ (14,531,269)$ (8,192,299)$ (14,366,899)$ (14,368,180)$ 1,357,668 2,065,729 1,889,375 3,397,953 1,642,721 1,885,934 (9,889,806)$ (11,542,975)$ (12,641,894)$ (4,794,346)$ (12,724,178)$ (12,482,246)$ 12,659,480$ 12,916,115$ 13,044,381$ 13,692,990$ 14,463,106$ 15,284,709$ 266,324 262,148 244,839 229,355 227,017 201,431 316,100 317,172 2,042,381 107,962 207,501 944,364 239,714 657,977 526,283 (91,107) (874,200) 1,407,087 531 17,218 16,174 – 81,008 136,368 1,110,880 946,033 1,788,680 1,831,571 3,393,908 (418,547) 14,593,029$ 15,116,663$ 17,662,738$ 15,770,771$ 17,498,340$ 17,555,412$ –$ –$ 18,136$ –$ –$ –$ 200,144 548,310 411,349 (64,522) (525,811) 913,579 (1,110,880) (946,033) (1,788,680) (1,831,571) (3,393,908) 418,547 (910,736) (397,723) (1,359,195) (1,896,093) (3,919,719) 1,332,126 13,682,293$ 14,718,940$ 16,303,543$ 13,874,678$ 13,578,621$ 18,887,538$ 3,345,555$ 1,507,959$ 3,131,469$ 7,578,472$ 3,131,441$ 3,187,232$ 446,932 1,668,006 530,180 1,501,860 (2,276,998) 3,218,060 3,792,487$ 3,175,965$ 3,661,649$ 9,080,332$ 854,443$ 6,405,292$ -133- Page 279 of 352 Fiscal Year 2014 2015 2016 2017 General Fund Nonspendable 33,369$ 6,034$ 33,762$ 34,529$ Committed – – – – Assigned 81,000 4,250 – – Unassigned 3,993,191 4,734,534 5,031,529 5,666,183 Total General Fund 4,107,560$ 4,744,818$ 5,065,291$ 5,700,712$ All other governmental funds Nonspendable 160$ 150$ 110$ –$ Restricted 5,673,161 5,776,314 16,959,150 4,071,837 Committed – 8,025,185 5,158,828 6,373,022 Assigned 7,531,076 – – – Unassigned – – – – Total all other governmental funds 13,204,397$ 13,801,649$ 22,118,088$ 10,444,859$ Total all funds 17,311,957$ 18,546,467$ 27,183,379$ 16,145,571$ Note: CITY OF FARMINGTON Fund Balances of Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) The City modified its fund balance policy in 2015, resulting in an increase in committed fund balances. -134- Page 280 of 352 2018 2019 2020 2021 2022 2023 5,045$ 109,523$ 141,196$ 83,088$ 1,635$ 1,169$ 240,000 – – – – – – – – – – – 5,477,026 5,761,747 6,060,870 6,843,396 7,829,882 8,987,268 5,722,071$ 5,871,270$ 6,202,066$ 6,926,484$ 7,831,517$ 8,988,437$ –$ –$ 1,184,677$ 1,365$ 2,500$ 14,714$ 2,009,629 3,196,214 3,235,717 4,411,713 4,799,381 5,007,682 7,586,959 7,298,103 8,427,605 8,876,306 13,005,454 13,191,023 – – – – – 1,598,024 – – – (29,832) (172,932) (448,106) 9,596,588$ 10,494,317$ 12,847,999$ 13,259,552$ 17,634,403$ 19,363,337$ 15,318,659$ 16,365,587$ 19,050,065$ 20,186,036$ 25,465,920$ 28,351,774$ -135- Page 281 of 352 Fiscal Year 2014 2015 2016 2017 Revenues Property taxes 11,031,219$ 11,462,986$ 11,852,567$ 12,186,789$ Franchise taxes 269,208 265,485 275,691 266,728 Special assessments 821,331 661,187 545,777 532,744 Licenses and permits 514,728 370,889 650,311 415,005 Intergovernmental 1,011,221 2,097,509 1,633,388 1,632,170 Charges for services 890,281 820,445 1,077,860 929,784 Fines and forfeits 65,482 52,299 41,750 45,102 Investment earnings (charges)130,739 172,818 237,224 183,402 Other 174,959 160,193 260,564 201,288 Total revenues 14,909,168 16,063,811 16,575,132 16,393,012 Expenditures Current General government 1,717,994 1,947,768 1,996,410 2,051,143 Public safety 4,871,745 5,131,076 5,301,211 5,537,937 Public works 2,038,161 1,971,079 2,006,606 2,381,695 Park and recreation 1,448,951 1,538,452 1,513,411 1,585,656 Economic development 49,417 90,000 40,000 40,000 Capital outlay 1,839,726 4,695,581 2,755,780 586,495 Debt service Principal 2,376,739 2,899,162 4,411,534 6,395,000 Interest and fiscal charges 1,096,007 1,041,780 1,095,380 818,144 Total expenditures 15,438,740 19,314,898 19,120,332 19,396,070 Excess (deficiency) of revenues over expenditures (529,572) (3,251,087) (2,545,200) (3,003,058) Other financing sources (uses) Debt issued – 3,184,641 10,120,095 – Payment of refunded debt (1,435,000) – – (9,990,000) Sale of capital assets 22,473 157,599 13,043 54,408 Transfers in 2,330,331 5,937,539 5,590,211 2,981,402 Transfers out (916,212) (4,794,182) (4,541,237) (1,080,560) Total other financing sources (uses)1,592 4,485,597 11,182,112 (8,034,750) Net change in fund balances (527,980)$ 1,234,510$ 8,636,912$ (11,037,808)$ Debt service as a percentage of noncapital expenditures 24.8%21.0%29.5%37.9% CITY OF FARMINGTON Changes in Fund Balances of Governmental Funds Last Ten Fiscal Years (modified accrual basis of accounting) -136- Page 282 of 352 2018 2019 2020 2021 2022 2023 12,665,721$ 12,926,730$ 13,049,745$ 13,700,787$ 14,449,100$ 15,251,002$ 266,324 262,148 244,839 229,355 227,017 201,431 314,594 625,308 407,412 279,579 533,337 520,116 449,350 421,578 588,347 789,965 823,729 927,731 1,768,219 1,796,575 2,948,939 1,257,177 1,268,198 4,943,868 1,094,360 1,042,292 890,408 1,697,708 2,275,257 2,031,701 60,182 63,561 45,959 52,340 58,400 57,509 209,968 567,539 455,233 (81,823) (793,738) 1,277,985 305,014 226,316 161,687 600,280 648,430 437,525 17,133,732 17,932,047 18,792,569 18,525,368 19,489,730 25,648,868 2,311,024 2,407,932 2,637,945 2,693,428 3,191,346 4,184,318 5,348,888 5,705,820 5,917,499 6,438,859 6,834,703 7,206,927 2,690,271 3,272,313 2,794,566 2,639,935 3,261,324 3,866,764 1,595,924 1,855,261 1,560,781 1,884,846 1,939,271 2,243,990 30,000 50,000 276,900 385,434 241,518 177,927 1,597,191 4,715,989 2,664,884 3,045,812 3,978,547 5,661,851 5,180,000 2,435,000 2,910,000 2,155,000 2,199,417 1,706,097 503,061 412,373 397,231 368,738 361,727 396,541 19,256,359 20,854,688 19,159,806 19,612,052 22,007,853 25,444,415 (2,122,627) (2,922,641) (367,237) (1,086,684) (2,518,123) 204,453 – 1,009,555 1,279,300 – 4,088,692 714,239 – – – – – – 11,000 18,939 12,867 84,662 80,249 136,368 3,214,991 4,280,247 4,263,090 2,854,791 9,437,491 4,943,204 (1,930,276) (1,339,172) (2,503,542) (1,046,718) (6,212,955) (3,112,410) 1,295,715 3,969,569 3,051,715 1,892,735 7,393,477 2,681,401 (826,912)$ 1,046,928$ 2,684,478$ 806,051$ 4,875,354$ 2,885,854$ 31.3%16.5%18.5%14.1%13.7%10.9% -137- Page 283 of 352 Commercial/ Industrial,Less Public Utility,Captured Residential Railroads, and Agricultural Tax Increment Property Personal Property Apartments Property Tax Capacity 11,207,086$ 2,669,813$ 272,246$ 234,772$ (119,175)$ 12,802,297 2,688,017 271,615 266,387 (113,361) 14,005,748 2,739,868 280,096 272,897 (117,585) 14,798,507 2,805,453 295,234 272,086 (118,368) 15,932,445 2,884,545 382,700 257,966 (37,168) 17,392,473 2,937,228 487,014 266,572 (146,966) 18,650,539 2,893,434 476,353 275,228 (145,234) 20,067,551 3,129,074 519,937 266,742 (106,443) 21,162,785 3,085,886 533,529 277,064 (104,238) 26,060,779 3,962,038 573,811 309,162 (108,548) Note: Source:Dakota County The tax capacity (assessed taxable value)of the property is calculated by applying a statutory formula to the estimated market value of the property. 2014 2015 2017 2016 2018 2019 2020 2021 2022 2023 CITY OF FARMINGTON Payable Year Tax Capacity Value and Estimated Actual Value of Taxable Property Last Ten Fiscal Years -138- Page 284 of 352 Less Estimated Contributions Actual to Fiscal Fiscal Disparities Total Tax Taxable Disparities Pool Distribution Capacity Value Value (1,011,274)$ 3,371,993$ 16,625,461$ 65.876 %1,311,752,463$ 1.27 % (1,002,736) 3,397,197 18,309,416 61.455 1,475,969,866 1.24 (953,101) 3,424,887 19,652,810 59.239 1,601,441,554 1.23 (1,039,820) 3,607,141 20,620,233 58.760 1,685,287,604 1.22 (1,061,204) 3,721,925 22,081,209 57.161 1,810,826,485 1.22 (1,080,604) 3,892,519 23,748,236 54.372 1,968,969,293 1.21 (1,074,146) 4,219,127 25,295,301 50.971 2,093,214,877 1.21 (996,932) 4,468,538 27,348,467 49.251 2,247,736,496 1.22 (1,186,065) 4,774,320 28,543,281 50.623 2,357,314,320 1.21 (1,099,790) 4,756,013 34,453,465 42.933 2,893,627,784 1.19 Rate Tax Capacity Value as a Percentage of Actual Value Total Direct Tax Capacity -139- Page 285 of 352 Total Direct and Debt Total Dakota Other Special Overlapping Operating Service City County ISD No. 192 Districts Tax Rate 47.308 18.568 65.876 31.820 56.300 4.150 158.146 44.964 16.491 61.455 29.625 53.460 3.741 148.281 44.220 15.019 59.239 28.562 57.570 3.802 149.173 44.050 14.710 58.760 27.996 54.256 3.692 144.704 42.451 14.710 57.161 26.573 52.813 3.203 139.750 43.721 10.651 54.372 25.379 51.390 2.983 134.124 N/A N/A 50.971 24.126 53.095 2.880 131.072 38.300 10.951 49.251 22.710 50.796 2.764 125.521 42.649 7.974 50.623 21.630 49.481 2.412 124.146 37.071 5.862 42.933 18.816 38.497 2.065 102.311 N/A – Not Available (1) (2) Source:Dakota County 2019 2018 Overlapping rates are those of local and county governments that apply to property owners within the City.Not all overlapping rates apply to all of the City’s property owners. Information reflects total tax rates levied by each entity.Tax rates are expressed in terms 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. 2020 2021 2022 2023 CITY OF FARMINGTON Property Tax Rates (1) Direct and Overlapping Governments Last Ten Fiscal Years City Direct Rates Overlapping Rates (2) 2017 Year Fiscal 2016 2015 2014 -140- Page 286 of 352 Net Tax Net Tax Capacity Capacity Taxpayer Value Rank Value Rank Northern Natural Gas 1,190,322$ 1 3.85 %424,534$ 1 2.95 % Xcel Energy (Northern States Power)129,188 2 0.42 180,474 2 1.25 Legacy Partners of Farmington, LLC 109,829 3 0.36 – – – Dakota Storage, LLC 106,402 4 0.34 81,608 5 0.57 Valmont Industries 99,944 5 0.32 – – Dakota Electric Association 98,816 6 0.32 130,672 3 0.91 Minnesota Energy Resources 92,886 7 0.30 – – – Seeger Properties LLC 89,287 8 0.29 – – – RLR Investments, LLC 84,058 9 0.27 68,204 6 0.47 POR-MKR Real Estate, LLC 75,536 10 0.24 65,936 8 0.46 Farmington City Center LLC – – – 86,348 4 0.60 St. Francis Health Systems – – – 67,253 7 0.47 RoundBank – – – 63,729 9 0.44 Schwiness LLC – – – 63,322 10 0.44 Total 2,076,268$ 6.72 %1,232,080$ 8.57 % Source: Dakota County 2023 2014 Current Fiscal Year and Nine Years Prior Principal Property Taxpayers CITY OF FARMINGTON Percentage of Total City Tax Capacity Value Percentage of Total City Tax Capacity Value -141- Page 287 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 288 of 352 Total Tax Delinquent Levy for Tax Fiscal Year (1)Amount Collections (2)Amount 10,981,055$ 10,889,973$ 99.17 %87,444$ 10,977,417$ 99.97 % 11,402,145 11,307,924 99.17 91,699 11,399,623 99.98 11,718,018 11,656,384 99.47 60,558 11,716,942 99.99 12,133,656 12,073,701 99.51 59,735 12,133,436 100.00 12,681,188 12,601,932 99.38 78,074 12,680,006 99.99 13,020,768 12,950,561 99.46 68,284 13,018,845 99.99 13,036,578 12,967,610 99.47 65,179 13,032,789 99.97 13,546,213 13,476,144 99.48 47,227 13,523,371 99.83 14,383,924 14,309,308 99.48 51,565 14,360,873 99.84 15,157,495 15,063,278 99.38 – 15,063,278 99.38 (1) (2) Source: 2021 Includes fiscal disparity revenues. Includes fiscal disparity revenues and is net of county/state adjustments. Dakota County 2020 2022 2023 Percentage of Levy 2019 2018 2017 Year Fiscal 2016 2015 Percentage 2014 of Levy CITY OF FARMINGTON Property Tax Levies and Collections Last Ten Fiscal Years Total Collections to Date Collected Within the Fiscal Year of Levy (2) -142- Page 289 of 352 General Special Certificates Net Obligation Assessment of Premiums Lease Bonds Bonds Indebtedness (Discounts)Liabilities 14,520,696$ 15,630,000$ 785,000$ 177,829$ –$ 16,496,534 13,930,000 660,000 277,972 – 20,115,000 15,645,000 535,000 738,645 – 12,455,000 7,455,000 – 645,061 – 9,155,000 5,575,000 – 551,475 – 8,865,000 4,355,000 – 532,060 – 7,550,000 2,760,000 1,105,000 578,829 – 6,655,000 1,500,000 1,105,000 447,152 – 9,370,000 445,000 905,000 668,370 83,029 8,400,000 – 695,000 544,915 716,171 N/A – Not Applicable Note 1: Note 2: CITY OF FARMINGTON Ratios of Outstanding Debt by Type Last Ten Fiscal Years 2023 2016 2015 2014 Fiscal Year 2017 Governmental Activities 2018 2019 2020 2021 2022 Details regarding the City’s outstanding debt can be found in the notes to basic financial statements. See Demographic and Economic Statistics schedule for population and personal income information. -143- Page 290 of 352 Net Total Revenue Premiums Lease Primary Bonds (Discounts)Liabilities Government Per Capita –$ –$ –$ 31,113,525$ 1,386$ 2.7 % – – – 31,364,506 1,386 2.6 – – – 37,033,645 1,650 3.0 – – – 20,555,061 920 1.6 – – – 15,281,475 682 1.1 720,000 90,856 – 14,562,916 636 1.0 655,000 80,944 – 12,729,773 551 0.9 595,000 71,032 951,551 11,324,735 479 0.7 530,000 61,121 922,305 12,984,825 549 N/A 465,000 51,207 828,121 11,700,414 493 N/A Income of Personal Percentage Business-Type Activities -144- Page 291 of 352 Less Amounts General Restricted for Market Obligation Repaying Value of Bonds (1)Principal Total Property 14,520,696$ 852,842$ 13,667,854$ 1,311,752,463$ 1.04 % 16,496,534 1,157,993 15,338,541 1,475,969,866 1.04 20,115,000 7,894,089 12,220,911 1,601,441,554 0.76 12,455,000 2,167,387 10,287,613 1,685,287,604 0.61 9,155,000 1,588,980 7,566,020 1,810,826,485 0.42 8,865,000 1,651,796 7,213,204 1,968,969,293 0.37 7,550,000 1,255,057 6,294,943 2,093,214,877 0.30 6,961,052 1,296,028 5,665,024 2,247,736,496 0.25 9,945,146 1,130,750 8,814,396 2,357,314,320 0.37 9,639,915 2,100,445 7,539,470 2,893,627,784 0.26 (1) (2) Note: Source: 2021 2020 Percentage of Market Value of Property 2019 2018 CITY OF FARMINGTON Ratios of General Bonded Debt Outstanding Last Ten Fiscal Years Fiscal Dakota County website and Dakota County Assessor’s Office Includes all general obligations of the City,including Capital Improvement Plan Bonds and Certificates of Indebtedness. 2017 Year See Demographic and Economic Statistics schedule for population and personal income information. Details regarding the City’s outstanding debt can be found in the notes to basic financial statements. 2016 2015 2014 N/A – Not Available 2022 2023 -145- Page 292 of 352 Total City Tax Capacity Per Value Population (2)Capita 14,383,917$ 95.02 %22,446 1.24 %609$ 16,028,316 95.70 22,622 1.32 678 17,298,609 70.65 22,451 1.38 544 18,171,280 56.61 22,343 1.41 460 19,457,656 38.88 22,421 1.43 337 21,083,287 34.21 22,880 1.49 315 22,295,554 28.23 23,123 1.49 272 23,983,304 23.62 23,632 1.49 240 25,059,264 35.17 23,654 N/A 373 30,905,790 24.40 23,719 N/A 318 Percentage of Total City Tax Capacity Value Percentage of Personal Income (2) -146- Page 293 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 294 of 352 Estimated Share of Net Debt Overlapping Outstanding Debt Overlapping debt Dakota County CDA 70,055,000$ 4.238 %2,968,779$ ISD No. 192, Farmington 114,450,000 59.090 67,628,548 ISD No. 196, Rosemount–Apple Valley–Eagan 385,260,000 11.607 44,717,113 Metropolitan Council (2)238,225,000 4.250 10,124,881 Total overlapping debt 807,990,000 125,439,320 Direct debt City of Farmington direct debt 10,356,086 100.000 10,356,086 Total direct and overlapping debt 818,346,086$ 135,795,406$ (1) (2) Note: Source:Dakota County Property Taxation Office 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.This process recognizes that,when considering the City’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. CITY OF FARMINGTON Direct and Overlapping Governmental Activities Debt December 31, 2023 Governmental Unit The percentage of overlapping debt applicable is estimated using tax capacity.Applicable percentages were estimated by determining the portion of the governmental unit’s tax capacity that is within the City’s boundaries and dividing it by the governmental unit’s total tax capacity. The above debt includes all outstanding general obligation debt of the Metropolitan Council supported by taxes. The Metropolitan Council also has general obligation sewer revenue,wastewater revenue,and radio revenue bonds and lease obligations outstanding,all of which are supported entirely by revenues and are not included in the overlapping debt or debt ratios sections above. Estimated Percentage Applicable (1) -147- Page 295 of 352 Fiscal Year 2014 2015 2016 2017 Debt limit 39,352,574$ 44,279,096$ 48,043,247$ 50,558,628$ Total net debt applicable to the limit 14,520,696 16,496,534 20,115,000 12,455,000 Legal debt margin 24,831,878$ 27,782,562$ 27,928,247$ 38,103,628$ Total net debt applicable to the limit as a percentage of debt limit 36.90% 37.26% 41.87% 24.63% CITY OF FARMINGTON Legal Debt Margin Information Last Ten Fiscal Years -148- Page 296 of 352 2018 2019 2020 2021 2022 2023 54,324,795$ 59,069,079$ 62,796,446$ 67,432,095$ 70,719,430$ 86,808,834$ 9,155,000 8,865,000 8,655,000 7,760,000 10,275,000 9,095,000 45,169,795$ 50,204,079$ 54,141,446$ 59,672,095$ 60,444,430$ 77,713,834$ 16.85% 15.01% 13.78% 11.51% 14.53% 10.48% Market value 2,893,627,784$ Debt limit (3% of market value)86,808,834 Debt applicable to the limit 9,095,000 Legal debt margin 77,713,834$ Legal Debt Margin Calculations for Fiscal Year 2023 -149- Page 297 of 352 Less Direct Net Revenue Gross Operating Available for Revenue (a)Expenses (b)Debt Service Principal Interest Total 2,281,793$ (556,474)$ 1,725,319$ –$ –$ –$ N/A 2,533,753 (613,141) 1,920,612 65,000 39,916 104,916 1,830.62 % 2,908,352 (755,497) 2,152,855 60,000 29,550 89,550 2,404.08 2,238,210 (805,909) 1,432,301 65,000 26,426 91,426 1,566.62 2,496,686 (871,659) 1,625,027 65,000 23,175 88,175 1,842.96 (a) (b) Note: 2021 Fiscal years 2019–2023 include gross revenues of the Water Fund. Exclusive of depreciation. Details regarding the City’s outstanding debt can be found in the notes to basic financial statements. N/A – Not Applicable 2022 2023 Coverage 2020 2019 2018 No revenue bonds outstanding from 2013–2018 2017 No revenue bonds outstanding from 2013–2018 No revenue bonds outstanding from 2013–2018 No revenue bonds outstanding from 2013–2018 No revenue bonds outstanding from 2013–2018 2016 2015 2014 Year Pledged Revenue Coverage CITY OF FARMINGTON Debt Service RequirementsFiscal Last Ten Fiscal Years -150- Page 298 of 352 Total School Unemployment Personal Per Capita Population (1)Households (1)Enrollment (3)Rate (2)Income (5)Income (4) 22,446 7,906 7,075 3.1 1,159,941,942$ 51,677$ 22,622 7,959 7,019 3.3 1,215,027,620 53,710 22,451 7,657 7,074 3.4 1,251,486,093 55,743 22,343 7,691 7,126 2.7 1,287,805,834 57,638 22,421 7,779 7,138 2.7 1,357,344,919 60,539 22,880 7,925 7,143 3.0 1,418,033,760 61,977 23,123 7,926 6,996 4.3 1,497,168,004 64,748 23,632 7,906 6,825 2.4 1,605,250,864 67,927 23,654 7,936 6,853 2.5 N/A N/A 23,719 8,011 6,767 2.2 N/A N/A (1) (2) (3) (4) (5) 2023 N/A – Not Available Per capita personal income for Dakota County residents multiplied by the estimated city population. CITY OF FARMINGTON Demographic and Economic Statistics Last Ten Fiscal Years 2014 Year Fiscal 2015 Numbers for 2014–2015 are from the Farmington Building Inspections Department.The 2016–2023 numbers are from the Metropolitan Council,which uses a more scientific and in-depth approach to estimating these values.They also have a one-year lag in reporting. Minnesota Department of Employment and Economic Development – Dakota County Annual Rate. ISD No. 192, Farmington Public Schools – October enrollment count. U.S. Bureau of Economic Analysis – Per capita personal income for Dakota County residents. 2016 2022 2017 2018 2019 2020 2021 -151- Page 299 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 300 of 352 Employees Employees (1)Rank (1)Rank ISD No. 192, Farmington Public Schools 839 1 17.3 %900 1 19.7 % Federal Aviation Administration 366 2 7.5 400 2 8.8 Installed Building Solutions 284 3 5.9 – – – Trinity Care Center and Trinity Terrace 215 4 4.4 – – – Marschall Line, Inc.202 5 4.2 182 4 4.0 City of Farmington 193 6 4.0 91 9 2.0 Dakota Electric Association 191 7 3.9 200 3 4.4 R&L Carriers 160 8 3.3 110 7 2.4 Valmont Industries 134 9 2.8 130 6 2.9 Kemps Dairy 130 10 2.7 131 5 2.9 River Valley Home Care – – – 110 8 2.4 JIT Powder Coating – – – 65 10 1.4 Total 2,714 56.0 %2,319 50.9 % (1) (2) Per City of Farmington records. Metropolitan Council Employment by Community as of 2022 (latest available), 4,849 total employment. Current Fiscal Year and Nine Years Prior Principal Employers CITY OF FARMINGTON 2023 Taxpayer (2) Employment of Total Employment of Total Percentage Percentage 2014 -152- Page 301 of 352 Fiscal Year 2014 2015 2016 2017 General government Administration 3.50 3.00 2.00 1.00 Finance 4.00 4.50 5.50 5.50 Human resources/information technology/communications 3.00 3.00 3.00 4.00 Community development 2.50 2.50 3.00 3.00 Total general government 13.00 13.00 13.50 13.50 Public safety Police administration 5.15 5.15 5.15 5.15 Police patrol 17.00 17.00 17.00 17.00 Investigations 5.00 5.00 5.00 5.00 Fire 1.40 1.50 1.50 1.50 Total public safety 28.55 28.65 28.65 28.65 Public works Building inspections 2.50 2.50 3.20 3.50 Engineering 4.60 4.50 4.50 5.50 Streets 10.00 9.00 9.50 9.50 Natural resources 1.00 1.00 1.00 – Total public works 18.10 17.00 18.20 18.50 Parks and recreation Park maintenance 3.50 3.50 3.50 3.60 Building maintenance 1.00 1.00 1.00 1.00 Recreation programming 2.00 2.00 2.00 2.00 Total parks and recreation 6.50 6.50 6.50 6.60 Senior center 1.50 1.00 1.40 1.40 Swimming pool 0.40 0.40 0.40 0.40 Arena 2.35 2.35 2.35 2.35 Liquor operations 7.50 8.00 8.00 8.00 Solid waste 5.00 5.00 5.50 5.50 Fleet 2.00 2.00 2.00 2.00 Total employees 84.90 83.90 86.50 86.90 Note: Source: CITY OF FARMINGTON Full-Time Equivalent City Government Employees by Function Last Ten Fiscal Years In addition to the above,the City has a volunteer fire department of 50 people and hires seasonal staff for its summer parks and recreation operations. Various city departments -153- Page 302 of 352 2018 2019 2020 2021 2022 2023 1.00 1.00 1.00 2.00 2.00 2.00 5.50 5.50 5.50 5.50 5.50 4.50 5.00 5.00 5.00 5.00 6.00 6.00 4.00 5.00 4.00 4.00 3.00 4.00 15.50 16.50 15.50 16.50 16.50 16.50 5.00 5.00 5.00 5.00 5.00 5.00 15.00 16.00 17.00 17.00 18.00 19.00 6.00 6.00 6.00 6.00 6.00 6.00 1.00 2.00 2.00 2.00 2.00 2.00 27.00 29.00 30.00 30.00 31.00 32.00 3.50 3.00 4.00 4.00 5.00 5.00 4.50 5.00 5.00 5.00 5.00 6.00 9.00 10.00 10.00 10.00 9.50 10.00 1.00 1.00 – – 1.00 1.00 18.00 19.00 19.00 19.00 20.50 22.00 4.00 4.00 4.00 4.00 7.00 7.00 1.00 3.00 3.00 3.00 3.00 3.00 2.00 2.00 2.00 2.00 2.00 2.00 7.00 9.00 9.00 9.00 12.00 12.00 1.00 1.00 1.50 1.50 1.50 1.50 – – – – – – 2.00 2.00 2.00 2.00 1.50 1.50 9.50 9.00 13.00 13.00 13.00 13.00 5.50 5.00 5.00 5.00 – – 2.00 2.00 2.00 2.00 2.00 2.00 87.50 92.50 97.00 98.00 98.00 100.50 -154- Page 303 of 352 2014 2015 2016 2017 General government Elections 1 N/A 1 N/A Registered voters 12,541 N/A 13,788 N/A Number of votes cast 6,419 N/A 11,545 N/A Voter participation (registered) 51.0%N/A 84.0%N/A Public safety Police Arrests 266 153 351 281 All citations and warnings 3,383 2,494 2,070 2,021 Calls for service 13,035 12,085 11,943 11,221 Fire Medical calls 386 359 356 452 Fire calls 241 361 345 407 Inspections Building permits 711 619 1,184 1,036 Value of building permits (in millions)24$ 15$ 38$ 19$ Parks and recreation Parks Park reservations 66 66 81 71 Pool (closed after 2017) Pool open swim admissions 8,032 7,652 7,372 6,302 Pool swim lesson registrations 267 256 309 136 Pool season passes sold N/A N/A NA N/A Pool punch cards sold 193 176 125 139 Swim bus riders 408 536 507 496 Rambling River Center Memberships 406 381 404 467 Program participation 15,285 13,885 13,042 15,203 Number of volunteers 130 107 82 80 Total volunteer hours 4,348 5,944 8,573 4,298 Ice arena Ice skating lessons total participants 230 216 329 284 Arena rental hours 1,197 1,315 1,285 1,490 Outdoor rinks total number of skaters 7,481 7,851 5,187 7,276 Other Recreation program/event participants 6,425 5,976 8,344 8,171 Youth scholarships provided 7 4 6 8 Source: CITY OF FARMINGTON Operating Indicators by Function Last Ten Years Various city departments Function/Program N/A – Not Available Fiscal Year -155- Page 304 of 352 2018 2019 2020 2021 2022 2023 1 N/A 1 N/A 1 N/A 13,403 N/A 14,736 N/A 14,480 N/A 9,632 N/A 12,102 N/A 9,479 N/A 72.0%N/A 82.0%N/A 65.0%N/A 284 253 232 268 230 222 2,484 2,176 2,319 1,982 2,434 2,552 13,033 14,005 15,413 11,361 13,567 13,564 411 480 467 712 747 714 340 370 284 353 465 436 1,059 1,049 1,318 1,705 1,155 1,960 26$ 22$ 27$ 40$ 42$ 53$ 64 59 – 78 85 71 – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – 497 372 305 471 399 371 16,015 17,730 3,651 8,728 11,777 15,273 69 74 31 57 65 52 3,426 3,749 347 1,732 2,135 1,932 296 310 122 221 211 155 1,380 1,390 1,191 1,641 1,537 1,546 5,451 3,892 4,209 4,142 6,115 4,694 7,034 5,657 361 5,927 6,746 7,397 1 – – 1 2 5 -156- Page 305 of 352 Function/Program 2014 2015 2016 2017 Public safety Police Stations 1 1 1 1 Patrol squads 16 16 15 15 Fire Stations 2 2 2 2 Fire trucks 6 6 8 8 Public works Vehicles 21 24 29 29 Streets (miles)89 89 89 89 Parks and recreation Senior center – building 1 1 1 1 Swimming pool (closed after 2017)1 1 1 1 Ice arena – building 1 1 1 1 Parks 23 23 23 23 Solid waste Compactor trucks 5 5 5 5 Sanitary sewer Collection system (miles)84 84 84 90 Storm sewer Storm sewer (miles)71 73 73 78 Water Water main (miles)109 109 109 113 Wells 7 7 7 7 Water reservoirs 2 2 2 2 Source: The City’s financial records Fiscal Year CITY OF FARMINGTON Capital Assets Statistics by Function/Program Last Ten Years -157- Page 306 of 352 2018 2019 2020 2021 2022 2023 1 1 1 1 1 1 16 19 19 19 21 18 2 2 2 2 2 2 8 8 8 8 8 5 29 30 31 31 28 27 89 89 90 90 90 92 1 1 1 1 1 1 – – – – – – 1 1 1 1 1 1 24 26 26 26 27 27 5 5 6 6 – – 90 87 90 92 94 97 78 78 81 84 85 86 113 113 116 119 121 123 7 8 9 9 9 9 2 2 2 2 2 2 -158- Page 307 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 308 of 352 Management Report for City of Farmington, Minnesota December 31, 2023 Page 309 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 310 of 352 To the City Council and Management City of Farmington, Minnesota We have prepared this management report in conjunction with our audit of the City of Farmington, Minnesota’s (the City) financial statements for the year ended December 31, 2023. We have organized this report into the following sections: •Audit Summary •Governmental Funds 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 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. Minneapolis, Minnesota June 20, 2024 C E R T I F I E D A C C O U N T A N T S P UBLIC PRINCIPALS Thomas A. Karnowski, CPA Paul A. Radosevich, CPA William J. Lauer, CPA James H. Eichten, CPA Aaron J. Nielsen, CPA Victoria L. Holinka, CPA/CMA Jaclyn M. Huegel, CPA Kalen T. Karnowski, CPA Malloy, Montague, Karnowski, Radosevich & Co., P.A. 5353 Wayzata Boulevard • Suite 410 • Minneapolis, MN 55416 • Phone: 952-545-0424 • Fax: 952-545-0569 • www.mmkr.com Standard Letterhead-r2.qxp_167639 Letterhead-RV1 9/7/18 6:34 PM Page 1 Page 311 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 312 of 352 -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, 2023. 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, 2023: • We have issued unmodified opinions on the City’s basic financial statements. • We reported no deficiencies involving 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 Governmental Auditing Standards. • We reported one finding based on our testing of the City’s compliance with Minnesota laws and regulations. We noted for one contract awarded during the year, the City did comply with statutory requirements to award the contract based on publicly solicited sealed bids, and did not obtain performance or payment bonds as required. FOLLOW-UP ON PRIOR YEAR FINDINGS AND RECOMMENDATIONS As a part of our audit of the City’s financial statements for the year ended December 31, 2023, we performed procedures to follow-up on the findings and recommendations that resulted from our prior year audit. We reported the following findings that were corrected by the City in the current year: • In previous years, we have reported a material internal control weakness due to a lack of segregation of duties in payroll and other areas. We concluded that the City has implemented sufficient mitigating controls in recent years to eliminate this finding. • In 2022, the City recorded a material prior period adjustment to record certain development-related revenues that should have been recognized in previous years, which was considered a material weakness in internal control. There was no similar finding in the current year. Page 313 of 352 -2- 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 ended December 31, 2023. 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. 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: • Other Post-Employment Benefits (OPEB) and Pension Benefits – The City has recorded liabilities and activity for pension benefits and OPEB. 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. • Depreciation/Amortization – Management’s estimates of depreciation/amortization expense are based on the estimated useful lives of the assets. • Compensated Absences – Management’s estimate is based on current rates of pay, compensated absence balances, and the likelihood that sick leave will ultimately be paid at termination. We evaluated the key factors and assumptions used by management to develop these 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 comm unicate 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. Page 314 of 352 -3- 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. MANAGEMENT REPRESENTATIONS We have requested certain representations from management that are included in the management representation letter dated June 20, 2024. 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 (MD&A) and the pension and OPEB-related required supplementary information (RSI) that supplements the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing th e 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 supplementary information, as described in the table of contents, which accompanies the financial statements, but is 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 and statistical sections, 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. Page 315 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 316 of 352 -4- 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. PROPERTY TAXES Minnesota cities rely heavily on local property tax levies to support their governmental fund activities. For the 2021 fiscal year (the most recent comparative state -wide data available), local ad valorem property tax levies provided 44.0 percent of the total governmental fund revenues for cities over 2,500 in population, and 35.5 percent for cities under 2,500 in population. Total property taxes levied by all Minnesota cities for taxes payable in 2023 increased 4.2 percent compared to the prior year, and 7.5 percent for taxes payable in 2024. The taxable net tax capacity value of property in Minnesota cities increased about 17.7 percent for the 2023 levy year. The tax capacity values used for levying property taxes are based on the assessed market values for the previous fiscal year (e.g., tax capacity values for taxes levied in 2023 were based on assessed market values as of January 1, 2022), so the trend of change in these tax capacit y values lags somewhat behind the housing market and economy in general. The City’s taxable market value increased 4.9 percent for taxes payable in 2022 and 22.8 percent for taxes payable in 2023. The following graph shows the City’s changes in taxable market value over the past 10 years: $– $300,000,000 $600,000,000 $900,000,000 $1,200,000,000 $1,500,000,000 $1,800,000,000 $2,100,000,000 $2,400,000,000 $2,700,000,000 $3,000,000,000 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Taxable Market Value Page 317 of 352 -5- 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 4.4 percent and 20.7 percent for taxes payable in 2022 and 2023, respectively. The following graph shows the City’s change in tax capacities over the past 10 years: $– $5,000,000 $10,000,000 $15,000,000 $20,000,000 $25,000,000 $30,000,000 $35,000,000 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Local Net Tax Capacity The following table presents the average tax rates applied to city residents for each of the last three levy years: 2021 2022 2023 Average tax rate City 49.3 50.6 42.9 County 22.7 21.6 18.8 School 50.8 49.5 38.5 Special taxing 2.7 2.4 2.1 Total 125.5 124.1 102.3 Rates Expressed as a Percentage of Net Tax Capacity City of Farmington Despite the City historically having a higher dependence on property taxes than the average Minnesota city, the overall tax rate on Farmington residents has been declining in recent years, due to the increasing taxable market value of property within the City. Page 318 of 352 -6- GOVERNMENTAL FUND BALANCES The following table summarizes the changes in the fund balances of the City’s governmental funds during the year ended December 31, 2023, presented both by fund balance classification and by major fund: 2023 2022 Change Fund balances of governmental funds Total by classification Nonspendable 15,883$ 4,135$ 11,748$ Restricted 5,007,682 4,799,381 208,301 Committed 13,191,023 13,005,454 185,569 Assigned 1,598,024 – 1,598,024 Unassigned 8,539,162 7,656,950 882,212 Total governmental funds 28,351,774$ 25,465,920$ 2,885,854$ Total by fund General 8,988,437$ 7,831,517$ 1,156,920$ Federal Aid Special Revenue (7,246) (82,501) 75,255 Private Capital Projects 125,825 42,300 83,525 Storm Water Trunk Capital Projects 5,368,207 4,703,897 664,310 Closed Bond Debt Service 1,598,024 – 1,598,024 Nonmajor 12,278,527 12,970,707 (692,180) Total governmental funds 28,351,774$ 25,465,920$ 2,885,854$ as of December 31, Governmental Funds Change in Fund Balances Fund Balance In total, the fund balances of the City’s governmental funds increased by $2,885,854 during the year ended December 31, 2023. The increase in restricted fund balance of $208,301 is mainly due to a new state public safety aid received during the year in the nonmajor Public Safety Special Revenue Fund. Committed fund balances relate primarily to resources accumulated for capital improvements. The increase of $185,569 was mainly due to increases in the various utility trunk and maintenance capital projects funds, partially offset by the spend down of resources for completion of the Spruce Street reconstruction project. The increase in assigned fund balances of $1,598,024 is from the transfer of previously restricted resources from fully matured or retired bond accounts in the Debt Service Fund to establish the Closed Bond Debt Service Fund, where they are assigned for future debt service. Unassigned fund balances also increased $882,212, which is attributable to positive operating results in the General Fund. Page 319 of 352 -7- GOVERNMENTAL FUNDS REVENUE AND EXPENDITURES The following table presents the per capita revenue of the City’s governmental funds for the past three years, along with state-wide averages. We have included the most recent comparative state-wide averages available from the Office of the State Auditor to provide a benchmark for interpreting the City’s data. The amounts received from the typical major sources of governmental fund revenue will naturally vary between cities based on factors such as a city’s stage of development, location, size and density of its population, property values, services it provides, and other attributes. It will also differ from year -to-year, due to the effect of inflation and changes in its operation. Also, certain data in these tables may be classified differently than how they appear in the City’s financial statements in order to be more comparable to the state-wide information, particularly in separating capital expenditures from current expenditures. We have designed this section of our management report using per capita data in order to better identify unique or unusual trends and activities of the City. We intend for this type of comparative and trend information to complement, rather than duplicate, information in the MD&A. An inherent difficulty in presenting per capita information is the accuracy of the population count, which for most years is based on estimates. Year 2021 2022 2023 Population 10,000–20,000 20,000–100,000 23,632 23,654 23,719 Property taxes 529$ 557$ 574$ 605$ 638$ Tax increments 36 49 6 5 5 Franchise and other taxes 66 53 10 10 8 Special assessments 41 56 12 23 22 Licenses and permits 46 53 33 35 39 Intergovernmental revenues 293 202 53 54 208 Charges for services 111 110 72 96 86 Other 39 26 24 (4) 75 Total revenue 1,161$ 1,106$ 784$ 824$ 1,081$ December 31, 2021 City of FarmingtonState-Wide Governmental Funds Revenue per Capita With State-Wide Averages by Population Class The City’s governmental fund revenues for 2023 were $25,648,868, an increase of $6,159,138 (31.6 percent), or $257 per capita, from the prior year. Property tax revenue was $33 per capita more than last year, due a tax levy increase. Intergovernmental revenue increased $154 per capita, due to increases in federal grant usage and state aid for street improvements, along with a new state public safety aid received during the year. Other revenue was $79 per capita more than last year, mainly due to improved investment earnings from higher interest rates and fair value increase of the City’s investment portfolio. The City historically receives a larger proportion of its governmental fund revenue from property taxes than the average Minnesota city. Page 320 of 352 -8- The expenditures of governmental funds will also vary from state-wide averages and from year-to-year, based on the City’s circumstances. Expenditures are classified into three types as follows: • Current – These are typically the general operating type expenditures occurring on an annual basis, and are primarily funded by general sources, such as taxes and intergovernmental revenues. • Capital Outlay and Construction – These expenditures do not occur on a consistent basis, more typically fluctuating significantly from year-to-year. Many of these expenditures are project-oriented and are often funded by specific sources that have benefited from the expenditure, such as special assessment improvement projects. • Debt Service – Although the expenditures for debt service may be relatively consistent over the term of the respective debt, the funding source is the important factor . Some debt may be repaid through specific sources, such as special assessments or redevelopment funding, while other debt may be repaid with general property taxes. The City’s expenditures per capita of its governmental funds for the past three years, together with state-wide averages, are presented in the following table: Year 2021 2022 2023 Population 10,000–20,000 20,000–100,000 23,632 23,654 23,719 Current 131$ 116$ 114$ 135$ 176$ 296 327 272 289 304 124 112 112 138 163 124 107 80 82 95 79 77 16 10 8 754 739 594 654 746 Capital outlay and construction 407 317 129 168 239 Debt service 161 110 91 93 72 41 34 16 15 17 202 144 107 108 89 Total expenditures 1,363$ 1,200$ 830$ 930$ 1,074$ General government Governmental Funds Expenditures per Capita With State-Wide Averages by Population Class December 31, 2021 City of FarmingtonState-Wide Interest and fiscal charges Public safety Public works Culture and recreation All other Principal Total expenditures in the City’s governmental funds for 2023 were $25,444,415, an increase of $3,436,562 (15.6 percent), or about $144 per capita, from the previous year. Current governmental expenditures for 2023 were $192 per capita more than last year, mainly in the general government due to increased federal grant spending, and public works due to increased street maintenance. Capital outlay expenditures were $71 per capita more than last year due to increased street reconstruction. Debt service expenditures decreased $19 per capita, due to the City’s continued efforts to reduce its debt load through the internal financing of capital projects and early redemption of outstanding bonds in recent years. Page 321 of 352 -9- GENERAL FUND The City’s General Fund accounts for the financial activity of the basic services provided to the community. The primary services included within this fund are the administration of the municipal operation, police and fire protection, building inspection, streets and highway maintenance, and parks and recreation. 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 expenditures and transfers out to reflect the change in the size of the General Fund operation over the same period. 2019 2020 2021 2022 2023 Fund Balances $5,871,270 $6,202,066 $7,331,014 $7,831,517 $8,988,437 Cash (Net)$4,676,267 $4,837,575 $5,619,633 $6,635,513 $7,800,829 Exp and Trans Out $13,199,638 $14,840,260 $13,811,853 $15,595,683 $16,548,710 $– $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 Financial Position Year Ended December 31, The City’s General Fund cash and investments, net of interfund borrowing on December 31, 2023, was $1,165,316 higher than at the previous year-end. Total fund balances at December 31, 2023 of $8,988,437 represented an increase of $1,156,920 from current year activity, as compared to a breakeven budget. 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 grown. This is an important factor because 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 t he 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. Maintaining an adequate fund balance has become increasingly important given the fluctuations in state funding for cities in recent years. 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 made fairly evenly during the year other than the impact of seasonal services, such as snowplowing, street maintenance, and park activities. Cash receipts of the General Fund are quite a different story . Property taxes comprise about 80.7 percent of the fund’s total annual revenue. Approximately half of these revenues are received by the City in July and the rest in December. Consequently, the City needs to have adequate cash reserves to finance its everyday operations between these payments. The City’s unassigned General Fund balance of $8,987,268 at the end of the 2023 fiscal year represents approximately 47.6 percent of budgeted expenditures and transfers out for 2024. This is within the City’s policy that calls for maintaining an unassigned fund balance of between 40.0–50.0 percent of the subsequent year’s budgeted expenditures and transfers out. Page 322 of 352 -10- The following graph reflects the City’s General Fund revenue sources for 2023 compared to budget: All Other Licenses and Permits Charges for Services Fines and Forfeits Intergovernmental Property Taxes General Fund Revenue Budget and Actual Budget Actual General Fund revenue for 2023 was $16,199,668, which was $812,619 (5.3 percent) more than budget. Intergovernmental revenue exceeded budget by $228,849, mainly due to Municipal State Aid (MSA) maintenance aid, police training aid, fire aid, and miscellaneous grant revenues. Charges for services were $233,175 higher than budget, due to fire service charges and engineering fees exceeding a conservative budget. Investment earnings (included in “all other” above) were $312,980 over budget, due to improved interest rates and the fair value improvement recorded on the City’s investment portfolio. It should be noted that the City’s practice is to hold investments to maturity, in which case these unrealized fair value fluctuations would even out by the time the individual investments mature. 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 and other local sources of revenue: Property Taxes Intergovernmental Fines and Forfeits Charges for Services Licenses and Permits All Other 2019 $9,714,270 $1,085,065 $63,561 $502,902 $421,578 $317,205 2020 $10,244,358 $2,261,674 $45,959 $419,761 $588,347 $303,387 2021 $10,555,567 $963,762 $52,340 $613,132 $789,965 $180,816 2022 $12,054,024 $984,811 $58,400 $696,870 $823,729 $50,419 2023 $13,070,482 $852,169 $57,509 $694,094 $927,731 $597,683 $– $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 $11,000,000 $12,000,000 $13,000,000 $14,000,000 General Fund Revenue by Source Year Ended December 31, Total General Fund revenue for 2023 was $1,531,415 (10.4 percent) higher than last year. Property tax revenue increased $1,016,458 from last year, due to a higher certified tax levy. Licenses and permits increased $104,002, mainly due to increases in building and utility permits. Investment earnings increased $542,637 from the prior year, due to improved interest rates and market conditions. Page 323 of 352 -11- The following graph illustrates the components of General Fund spending for 2023 compared to budget: Parks and Recreation Public Works Public Safety General Government General Fund Expenditures Budget and Actual Budget Actual General Fund expenditures for 2023 were $14,906,688, which was $336,073 (2.2 percent) under budget. Expenditures for public safety were $285,311 under budget in the current year, mainly due to unfilled police positions during 2023. Public works expenditures were also under budget by $182,407, due primarily to unfilled positions. The following graph presents the City’s General Fund expenditures by function for the last five years: General Government Public Safety Public Works Parks and Recreation Economic Development 2019 $2,369,885 $5,733,766 $2,605,435 $1,209,414 $50,000 2020 $2,695,928 $6,093,624 $2,484,231 $1,145,173 $40,000 2021 $2,620,186 $6,411,904 $2,474,368 $1,303,044 $– 2022 $2,994,602 $6,743,334 $2,769,231 $1,430,907 $– 2023 $3,127,328 $7,121,264 $3,033,932 $1,624,164 $– $– $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 General Fund Expenditures by Function Year Ended December 31, Total General Fund expenditures for 2023 were $968,614 (7.0 percent) higher than the previous year, with increases in each category shown above. Contractual salary increases, along with inflationary increases to employee benefits, utilities, fuel and supply costs, and purchased services contributed to the increase. Page 324 of 352 -12- ENTERPRISE FUNDS OVERVIEW The City maintains several enterprise funds to account for services the City provides that are financed primarily through fees charged to those utilizing the service. This section of the report provides you with an overview of the financial trends and activities of the City’s enterprise funds, which include the Liquor Operations, Sewer Operations, Solid Waste, Storm Water, Water, and Street Light funds. ENTERPRISE FUNDS FINANCIAL POSITION The following table summarizes the changes in the financial position of the City’s enterprise funds during the year ended December 31, 2023, presented both by classification and by fund: 2023 2022 Change Net position of enterprise funds Total by classification Net investment in capital assets 48,486,110$ 48,353,192$ 132,918$ Restricted – future drinking water treatment plant 2,461,488 2,461,488 – Unrestricted 21,351,782 18,266,640 3,085,142 Total enterprise funds 72,299,380$ 69,081,320$ 3,218,060$ Total by fund Liquor Operations 2,444,814$ 2,035,800$ 409,014$ Sewer Operations 18,950,803 18,677,310 273,493 Solid Waste 1,465,089 1,872,667 (407,578) Storm Water 15,912,822 14,755,806 1,157,016 Water 33,142,079 31,395,742 1,746,337 Street Light 383,773 343,995 39,778 Total enterprise funds 72,299,380$ 69,081,320$ 3,218,060$ 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 $3,218,060 during the year ended December 31, 2023. The City’s net investment in capital assets increased by $132,918 during the year, mainly due to infrastructure assets contributed to utility funds from street reconstruction projects accounted for in governmental funds. All the City’s enterprise operations had positive operating results for the year prior, excluding the Solid Waste Fund, which has been in the process of discontinuing operations for the last two years. The enterprise funds transferred $1,865,816 to the governmental and internal service funds during the year to support the General Fund, help finance capital improvements, and contribute to the City’s emerald ash borer abatement program. Page 325 of 352 -13- LIQUOR OPERATIONS FUND The following graph presents five years of comparative operating results for the City’s Liquor Operations Fund: 2019 2020 2021 2022 2023 Sales $5,608,012 $5,347,194 $5,621,602 $6,387,611 $6,765,798 Cost of Sales $4,183,615 $3,984,504 $4,192,176 $4,728,067 $5,049,555 Oper Exp $1,073,621 $974,201 $1,064,135 $1,212,002 $1,162,539 Oper Income $350,776 $388,489 $365,291 $447,542 $553,704 $– $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000 $4,500,000 $5,000,000 $5,500,000 $6,000,000 $6,500,000 $7,000,000 Liquor Operations Fund Year Ended December 31, The City’s Liquor Operations Fund ended 2023 with a total net position of $2,444,814, an increase of $409,014 from the prior year. Of this, $199,946 represents the net investment in liquor capital assets, leaving an unrestricted net position of $2,244,868. The Liquor Operations Fund had gross sales of $6,765,798 in 2023, an increase of $378,187 (5.9 percent) from the previous year. Gross profit was $1,716,243, about 25.4 percent of sales, which is consistent with recent years. Operating expenses for 2023 decreased $49,463 (4.1 percent) from the previous year. Page 326 of 352 -14- SEWER OPERATIONS FUND The following graph presents five years of comparative operating results for the City’s Sewer Operations Fund: 2019 2020 2021 2022 2023 Oper Rev $2,117,934 $2,160,808 $2,260,523 $2,607,594 $2,757,991 Oper Exp $2,310,312 $2,331,935 $2,474,696 $2,604,412 $2,869,337 Oper Inc (Loss)$(192,378)$(171,127)$(214,173)$3,182 $(111,346) Inc Before Depr $421,184 $474,161 $443,607 $662,268 $553,852 $(500,000) $– $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 Sewer Operations Fund Year Ended December 31, The Sewer Operations Fund ended 2023 with a total net position of $18,950,803, an increase of $273,493 from the prior year. Of this, $15,442,979 represents the net investment in sewer collection system capital assets, leaving an unrestricted net position of $3,507,824. Operating revenue in the Sewer Operations Fund increased by $150,397 (5.8 percent) from the prior year, due to an increase in sewer rates. Operating expenses for 2023 were $264,925 (10.2 percent) higher than the previous year, mainly in professional services ($257,425 increase), primarily in municipal wastewater charges. The Sewer Operations Fund also received $629,637 of infrastructure contributions from street improvement projects in 2023. Page 327 of 352 -15- SOLID WASTE FUND The following graph presents five years of comparative operating results for the City’s Solid Waste Fund: 2019 2020 2021 2022 2023 Oper Rev $2,244,569 $2,692,155 $2,854,452 $21,746 $9,105 Oper Exp $1,941,102 $2,630,874 $2,566,976 $686,094 $76,270 Oper Inc (Loss)$303,467 $61,281 $287,476 $(664,348)$(67,165) Inc Before Depr $379,383 $162,475 $365,076 $(664,348)$(67,165) $(1,000,000) $(500,000) $– $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 Solid Waste Fund Year Ended December 31, The Solid Waste Fund ended 2023 with a total net position of $1,465,089, a decrease of $407,578 from the prior year. The entire amount of net position is unrestricted, as the Solid Waste Fund sold off or transferred its capital assets in 2022. Operating revenue in the Solid Waste Fund decreased $12,641 (58.1 percent) from the prior year. The majority of the City’s solid waste operations were outsourced to a private contractor after 2021, other than one customer the City was contractually obligated to continue to serve into the current year. Operating expenses for 2023 were $609,824 (88.9 percent) less than the previous year. The current year expenses of $76,270 were mainly for contractual services and supplies. Page 328 of 352 -16- STORM WATER FUND The following graph presents five years of comparative operating results for the City’s Storm Water Fund: 2019 2020 2021 2022 2023 Oper Rev $1,130,563 $1,149,665 $1,158,564 $1,227,091 $1,327,520 Oper Exp $553,584 $530,438 $581,402 $719,225 $676,123 Oper Inc (Loss)$576,979 $619,227 $577,162 $507,866 $651,397 Inc Before Depr $1,014,979 $1,059,648 $1,028,358 $970,804 $1,122,531 $– $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 Storm Water Fund Year Ended December 31, The Storm Water Fund ended 2023 with a total net position of $15,912,822, an increase of $1,157,016 from the prior year. Of this, $12,680,045 represents the net investment in storm water operation capital assets, leaving an unrestricted net position of $3,232,777. Operating revenue in the Storm Water Fund increased $100,429 (8.2 percent) from the prior year, mainly due to an increase in rates. Operating expenses for 2023 were $43,102 (6.0 percent) lower than the previous year, mainly due to decreases in spending for materials and supplies. The Storm Water Fund also received $868,749 of infrastructure contributions from street improvement projects in 2023. Page 329 of 352 -17- WATER FUND The following graph presents five years of comparative operating results for the City’s Water Fund: 2019 2020 2021 2022 2023 Oper Rev $2,281,793 $2,533,753 $2,908,352 $2,238,210 $2,496,686 Oper Exp $1,393,568 $1,604,792 $1,746,446 $1,799,190 $1,874,876 Oper Inc (Loss)$888,225 $928,961 $1,161,906 $439,020 $621,810 Inc Before Depr $1,725,319 $1,920,612 $2,152,855 $1,432,301 $1,625,027 $– $400,000 $800,000 $1,200,000 $1,600,000 $2,000,000 $2,400,000 $2,800,000 $3,200,000 Water Fund Year Ended December 31, The Water Fund ended 2023 with a total net position of $33,142,079, an increase of $1,746,337 from the prior year. Of this, $20,163,140 represents the net investment in water distribution system capital assets, $2,461,488 is restricted for a future drinking water treatment plant, and unrestricted net position is $10,517,451. Operating revenue in the Water Fund for 2023 increased $258,476 (11.5 percent) from the prior year, as rates charges for water services increased in 2023. Water Fund operating expenses for 2023 were $75,686 (4.2 percent) higher than the previous year, mainly due to an increase in maintenance and repair costs. The Water Fund also received $785,977 of infrastructure contributions from street improvement projects in 2023. Page 330 of 352 -18- STREET LIGHT FUND The following graph presents five years of comparative operating results for the City’s Street Light Fund: 2019 2020 2021 2022 2023 Oper Rev $226,971 $232,990 $230,479 $233,899 $237,519 Oper Exp $165,886 $173,604 $180,528 $210,174 $214,757 Oper Inc (Loss)$61,085 $59,386 $49,951 $23,725 $22,762 $– $50,000 $100,000 $150,000 $200,000 $250,000 Street Light Fund Year Ended December 31, Street Light Fund operating revenue for 2023 increased $3,620 (1.5 percent) from the prior year. Operating expenses were $4,583 (2.2 percent) higher than the previous year, mainly in utilities and other service costs. Unrestricted net position increased $39,778 in 2023, ending the year at $383,773. Page 331 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 332 of 352 -19- GOVERNMENT-WIDE FINANCIAL STATEMENTS In addition to fund-based information, the current reporting model for governmental entities also requires the inclusion of two government-wide financial statements designed to present a clear picture of the City as a single, unified entity. These government-wide financial statements provide information on the total cost of delivering services, including capital assets and long-term liabilities. STATEMENT OF NET POSITION The Statement of Net Position essentially tells you what the City owns and owes at a given point in time, the last day of the fiscal year. Theoretically, net position represents the resources the City has leftover to use for providing services after its debts are settled. However, those resources are not always in spendable form, or there may be restrictions on how some of those resources can be used. Therefore, net position is divided into three components: net investment in capital assets, restricted, and unrestricted. The following table presents the components of the City’s net position as of December 31, 2023 and 2022, for governmental activities and business-type activities: 2023 2022 Change Net position Governmental activities Net investment in capital assets 39,137,210$ 37,033,206$ 2,104,004$ Restricted 9,132,767 10,556,611 (1,423,844) Unrestricted 16,705,704 14,198,632 2,507,072 Total governmental activities 64,975,681 61,788,449 3,187,232 Business-type activities Net investment in capital assets 48,486,110 48,353,192 132,918 Restricted 2,461,488 2,461,488 – Unrestricted 21,351,782 18,266,640 3,085,142 Total business-type activities 72,299,380 69,081,320 3,218,060 Total net position 137,275,061$ 130,869,769$ 6,405,292$ As of December 31, The City’s total net position on December 31, 2023, was $6,405,292 higher than the previous year-end. The City’s net position increased $3,187,232 and $3,218,060 from current year governmental activities and business-type activities, respectively. The governmental activities net investment in capital assets increased $2,104,004, mainly due to street reconstruction financed with municipal state aid construction funds and other internal resources. Restricted net position decreased $1,423,844, with decreases in net position restricted for debt service and state-funded street projects, partially offset by an increase in net position restricted for public safety programs. The increase in governmental activities unrestricted net position of $2,507,072 reflects positive operating results in the City’s governmental funds, along with the transfer of resources previously restricted for debt service on fully retired debt issues to the Closed Bond Debt Service Fund, which are now reported in unrestricted net position. Changes to the net position of the business-type activities are as detailed in the previous discussion of the City’s enterprise fund operations. Page 333 of 352 -20- STATEMENT OF ACTIVITIES The Statement of Activities tracks the City’s yearly revenues and expenses, as well as any other transactions that increase or reduce total net position. These amounts represent the full cost of providing services. The Statement of Activities provides a more comprehensive measure than just the amount of cash that changed hands, as reflected in the fund-based financial statements. This statement includes the cost of supplies used, depreciation of long-lived capital assets, and other accrual-based expenses. The following table presents the change in the net position of the City for the years ended December 31, 2023, and 2022: 2022 Program Expenses Revenues Net Change Net Change Net (expense) revenue Governmental activities General government 5,200,453$ 1,092,271$ (4,108,182)$ (2,587,521)$ Public safety 8,712,115 2,186,491 (6,525,624) (6,648,381) Public works 3,806,386 2,210,628 (1,595,758) (3,073,288) Parks and recreation 2,583,554 829,953 (1,753,601) (1,604,280) Economic development 177,927 32,904 (145,023) (164,678) Interest and fiscal charges 239,992 – (239,992) (288,751) Business-type activities Liquor operations 6,256,081 6,770,085 514,004 416,657 Sewer operations 2,872,236 2,762,566 (109,670) 4,914 Solid waste 76,270 14,693 (61,577) (37,314) Storm water 725,039 1,327,620 602,581 507,866 Water 1,889,215 2,805,763 916,548 724,655 Street light 214,757 238,805 24,048 25,943 Total net (expense) revenue 32,754,025$ 20,271,779$ (12,482,246) (12,724,178) General revenues Property taxes 15,284,709 14,463,106 Franchise taxes 201,431 227,017 Unrestricted grants 944,364 207,501 Investment earnings (charges)2,320,666 (1,400,011) Gain on disposal of capital assets 136,368 81,008 Total general revenues 18,887,538 13,578,621 Change in net position 6,405,292$ 854,443$ 2023 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 and unrestricted grants. It also shows that, for the most part, the City’s business-type activities are generating sufficient program revenues (service charges and program-specific grants) to cover expenses. The change in net general government activity is mainly due to increased spending related to unrestricted federal grants. The change in net public works activity is primarily due a greater proportion of the street maintenance costs being capitalized in the current year. The change in investment earnings (charges) is due to improved interest rates and market conditions in 2023, especially the fair value fluctuation of the City’s investment portfolio year-to-year. Page 334 of 352 -21- 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. 100, ACCOUNTING CHANGES AND ERROR CORRECTIONS – AN AMENDMENT OF GASB STATEMENT NO. 62 The primary objective of this statement is to enhance accounting and financial reporting requirements for accounting changes and error corrections to provide more understandable, reliable, relevant, consistent, and comparable information for making decisions or assessing accountability. The requirements of this statement will improve the clarity of the accounting and financial reporting requirements for accounting changes and error corrections, which will result in greater consistency in application in practice. In turn, more understandable, reliable, relevant, consistent, and comparable information will be provided to financial statement users for making decisions or assessing accountability. In addition, the display and note disclosure requirements will result in more consistent, decision useful, understandable, and comprehensive information for users about accounting changes and error corrections. The requirements of this statement are effective for accounting changes and error corrections made in fiscal years beginning after June 15, 2023, and all reporting periods thereafter. Earlier application is encouraged. GASB STATEMENT NO. 101, COMPENSATED ABSENCES The objective of this statement is to better meet the information needs of financial statement users by updating the recognition and measurement guidance for compensated absences. That objective is achieved by aligning the recognition and measurement guidance under a unified model and by amending certain previously required disclosures. This statement requires that liabilities for compensated absences be recognized for (1) leave that has not been used and (2) leave that has been used, but not yet paid in cash or settled through noncash means. A liability should be recognized for leave that has not been used if (a) the leave is attributable to services already rendered, (b) the leave accumulates, and (c) the leave is more likely than not to be used for time off or otherwise paid in cash or settled through noncash means. Leave is attributable to services a lready rendered when an employee has performed the services required to earn the leave. Leave that accumulates is carried forward from the reporting period in which it is earned to a future reporting period during which it may be used for time off or otherwise paid or settled. This statement requires that a liability for certain types of compensated absences —including parental leave, military leave, and jury duty leave—not be recognized until the leave commences. This statement also requires that a liability for specific types of compensated absences not be recognized until the leave is used. This statement also establishes guidance for measuring a liability for leave that has not been used, generally using an employee’s pay rate as of the date of the financial statements. A liability for leave that has been used, but not yet paid or settled should be measured at the amount of the cash payment or noncash settlement to be made. Certain salary-related payments that are directly and incrementally associated with payments for leave also should be included in the measurement of the liabilities. With respect to financial statements prepared using the current financial resources measurement focus, this statement requires that expenditures be recognized for the amou nt that normally would be liquidated with expendable available financial resources. The requirements of this statement are effective for fiscal years beginning after December 15, 2023, and all reporting periods thereafter. Earlier application is encouraged. Page 335 of 352 -22- GASB STATEMENT NO. 102, CERTAIN RISK DISCLOSURES The objective of this statement is to provide users of government financial statements with essential information about risks related to a government’s vulnerabilities due to certain concentrations or constraints. This statement defines a concentration as a lack of diversity related to an aspect of a significant inflow of resources or outflow of resources. A constraint is a limitation imposed on a government by an external party or by formal action of the government’s highest level of decision-making authority. Concentrations and constraints may limit a government’s ability to acquire resources or control spending. A government will be required to assess whether a concentration or constraint m akes the primary government reporting unit or other reporting units that report a liability for revenue debt vulnerable to the risk of a substantial impact. Additionally, a government must assess whether an event or events associated with a concentration or constraint that could cause the substantial impact have occurred, have begun to occur, or are more likely than not to begin to occur within 12 months of the date the financial statements are issued. If a government determines that those criteria for disclosure have been met for a concentration or constraint, it should disclose information (as outlined in the standard) in the notes to financial statements in sufficient detail to enable users of financial statements to understand the nature of the circumst ances disclosed and the government’s vulnerability to the risk of a substantial impact. The requirements of this statement are effective for fiscal years beginning after June 15, 2024, and all reporting periods thereafter. Earlier application is encouraged. Page 336 of 352 CITY OF FARMINGTON DAKOTA COUNTY, MINNESOTA Special Purpose Audit Reports Year Ended December 31, 2023 Page 337 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 338 of 352 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 Schedule of Findings and Responses 4 Table of Contents CITY OF FARMINGTON DAKOTA COUNTY, MINNESOTA Special Purpose Audit Reports Year Ended December 31, 2023 Page 339 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 340 of 352 -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 Farmington, 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, t he financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Farmington, Minnesota (the City) as of and for the year ended December 31, 2023, 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 20, 2024. 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 were not identified. (continued) C E R T I F I E D A C C O U N T A N T S P UBLIC PRINCIPALS Thomas A. Karnowski, CPA Paul A. Radosevich, CPA William J. Lauer, CPA James H. Eichten, CPA Aaron J. Nielsen, CPA Victoria L. Holinka, CPA/CMA Jaclyn M. Huegel, CPA Kalen T. Karnowski, CPA Malloy, Montague, Karnowski, Radosevich & Co., P.A. 5353 Wayzata Boulevard • Suite 410 • Minneapolis, MN 55416 • Phone: 952-545-0424 • Fax: 952-545-0569 • www.mmkr.com Standard Letterhead-r2.qxp_167639 Letterhead-RV1 9/7/18 6:34 PM Page 1 Page 341 of 352 -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. Minneapolis, Minnesota June 20, 2024 Page 342 of 352 -3- INDEPENDENT AUDITOR’S REPORT ON MINNESOTA LEGAL COMPLIANCE To the City Council and Management City of Farmington, 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, t he financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Farmington, Minnesota (the City) as of and for the year ended December 31, 2023, 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 20, 2024. MINNESOTA LEGAL COMPLIANCE In connection with our audit, we noted that the City failed to comply with provisions of the contracting – bid laws section 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 as described in the Schedule of Findings and Responses as finding 2023-001. Also, 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 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, 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. CITY’S RESPONSE TO FINDING Government Auditing Standards requires the auditor to perform limited procedures on the City’s response to the legal compliance finding identified in our audit and described in the accompanying Schedule of Findings and Responses. The City’s response was not subjected to the other auditing procedures applied in the audit of the financial statements and, accordingly, we express no opinion on the response. 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. Minneapolis, Minnesota June 20, 2024 C E R T I F I E D A C C O U N T A N T S P UBLIC PRINCIPALS Thomas A. Karnowski, CPA Paul A. Radosevich, CPA William J. Lauer, CPA James H. Eichten, CPA Aaron J. Nielsen, CPA Victoria L. Holinka, CPA/CMA Jaclyn M. Huegel, CPA Kalen T. Karnowski, CPA Malloy, Montague, Karnowski, Radosevich & Co., P.A. 5353 Wayzata Boulevard • Suite 410 • Minneapolis, MN 55416 • Phone: 952-545-0424 • Fax: 952-545-0569 • www.mmkr.com Standard Letterhead-r2.qxp_167639 Letterhead-RV1 9/7/18 6:34 PM Page 1 Page 343 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 344 of 352 CITY OF FARMINGTON Schedule of Findings and Responses Year Ended December 31, 2023 -4- MINNESOTA LEGAL COMPLIANCE FINDING 2023-001 CONTRACTING AND BIDDING Criteria – Minnesota Statutes § 471.345 requires contracts estimated to exceed $175,000 be let on sealed bids solicited by public notice, and to award the contract to the lowest responsible bidder. Minnesota Statutes § 574.26 requires contractors doing work on contracts exceeding $175,000 to provide both performance and payment bonds in an amount not less the contract price. Condition – One contract awarded by the City of Farmington, Minnesota (the City) in 2023, for a project that exceeded $175,000 and included labor, was not let on sealed bids solicited by public notice, and the contractor did not provide performance or payment bonds. Questioned Costs – Not applicable. Context – One out of one bid tested was not in compliance. Repeat Finding – This is a current year finding. Cause – The City used a vendor for the project that they mistakenly believed was approved for use through the state of Minnesota’s cooperative purchasing venture, which would have been an allowable alternative to using a sealed bid process under Minnesota Statutes § 471.345, Subd. 15. The vendor used by the City was in the process of seeking approved status through the state cooperative purchasing venture, but has not yet been approved. The lack of performance and payment bonds was due to an oversite by city staff. Effect – The contract awarded by the City was not let on sealed bids solicited by public notice as required by Minnesota Statutes, and the statutorily required performance and payment bonds for contracts of this size that include labor were not obtained from the vendor. Recommendation – We recommend the City review its procedures for awarding and administering contracts for goods and services to ensure compliance with applicable Minnesota Statutes in the future. Management Response – There is no disagreement with the audit finding. The City will review its procedures relating to contracting and bidding to ensure compliance in the future. Page 345 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 346 of 352 REPORT ON COMPLIANCE FOR THE U.S. DEPARTMENT OF THE TREASURY CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS (CSLFRF) PROGRAM REQUIREMENTS FOR AN ALTERNATIVE CSLFRF COMPLIANCE EXAMINATION ENGAGEMENT INDEPENDENT ACCOUNTANT’S REPORT To the City Council and Management City of Farmington, Minnesota We have examined the City of Farmington, Minnesota’s (the City) compliance with the compliance requirements “activities allowed or unallowed” and “allowable cost/cost principles” (the specified requirements) as described in Part IV “Requirements for an Alternative Compliance Examination Engagement for Recipients That Would Otherwise be Required to Undergo a Single Audit or Program-Specific Audit as a Result of Receiving Coronavirus State and Local Fiscal Recovery Funds” of the CSLFRF Section of the 2023 Office of Management and Budget Compliance Supplement (referred to herein as “Requirements for an Alternative CSLFRF Compliance Examination Engagement”) during the year ended December 31, 2023. Management of the City is responsible for the City’s compliance with the specified requirements. Our responsibility is to express an opinion on the City’s compliance with the specified requirements based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants; the standards applicable to attestation engagements contained in Government Auditing Standards, issued by the Comptroller General of the United States; and in the “Requirements for an Alternative CSLFRF Compliance Examination Engagement.” Those standards and requirements require that we plan and perform the examination to obtain reasonable assurance about whether the City complied, in all material respects, with the specified requirements referenced above. An examination involves performing procedures to obtain evidence about whether the City complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. We are required to be independent and meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the engagement. Our examination does not provide a legal determination on the City’s compliance with the specified requirements. In our opinion, the City complied, in all material respects, with the specified requirements referenced above during the year ended December 31, 2023. (continued) C E R T I F I E D A C C O U N T A N T S P UBLIC PRINCIPALS Thomas A. Karnowski, CPA Paul A. Radosevich, CPA William J. Lauer, CPA James H. Eichten, CPA Aaron J. Nielsen, CPA Victoria L. Holinka, CPA/CMA Jaclyn M. Huegel, CPA Kalen T. Karnowski, CPA Malloy, Montague, Karnowski, Radosevich & Co., P.A. 5353 Wayzata Boulevard • Suite 410 • Minneapolis, MN 55416 • Phone: 952-545-0424 • Fax: 952-545-0569 • www.mmkr.com Standard Letterhead-r2.qxp_167639 Letterhead-RV1 9/7/18 6:34 PM Page 1 Page 347 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 348 of 352 OTHER REPORTING REQUIRED BY GOVERNMENT AUDITING STANDARDS In accordance with Government Auditing Standards, we are required to report all deficiencies that are considered to be significant deficiencies or material weaknesses in internal control; fraud, and noncompliance with provisions of laws, regulations, contracts, or grant agreements that have a material effect on the City’s compliance with the specified requirements; and any other instances that warrant the attention of those charged with governance. We are also required to obtain and report the views of responsible officials concerning the findings, conclusions, and recommendations, as well as any planned corrective actions. We performed our examination to express an opinion on the City’s compliance with the specified requirements and not for the purpose of expressing an opinion on the internal control over the specified requirements or on compliance and other matters; accordingly, we express no such opinions. Our examination disclosed one finding that is required to be reported under Government Auditing Standards and that finding, along with the views of responsible officials, are described in the attached Schedule of Findings and Responses. PURPOSE OF THIS REPORT The purpose of this examination report is solely to express an opinion on whether the City complied, in all material respects, with the specified requirements referenced above and on the previous page during the year ended December 31, 2023. Accordingly, this report is not suitable for any other purpose. Minneapolis, Minnesota June 20, 2024 Page 349 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 350 of 352 CITY OF FARMINGTON Alternative Compliance Examination Engagement Schedule of Findings and Responses Year Ended December 31, 2023 FINDINGS REQUIRED TO BE REPORTED UNDER GOVERNMENT AUDITING STANDARDS 2023-001 Noncompliance With State Contracting and Bidding Requirements Condition – One contract awarded by the City of Farmington, Minnesota (the City) in 2023, for a project financed with Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) that exceeded $175,000 and included labor, was not let on sealed bids solicited by public notice and no performance or payment bonds were obtained from the contractor, as required by Minnesota Statutes. Criteria – Minnesota Statutes § 471.345 requires contracts estimated to exceed $175,000 be let on sealed bids solicited by public notice, and the contract to be awarded to the lowest responsible bidder. Minnesota Statutes § 574.26 requires contractors participating in contracts exceeding $175,000 that include labor to provide both performance and payment bonds in an amount not less than the contract price. Cause – The City used a vendor for this project that they mistakenly believed was approved for use through the state of Minnesota’s cooperative purchasing venture, which would have been an allowable alternative to using a sealed bid process under Minnesota Statutes § 471.345, Subd. 15. The vendor used by the City was in the process of seeking approved status through the state cooperative purchasing venture, but was not yet approved at the time the contract was awarded. The lack of performance and payment bonds was due to an oversite by city staff. Effect or Potential Effect – The contract awarded by the City was not awarded in compliance with Minnesota statutory requirements, and the statutorily required performance and payment bonds, which would have provided additional protections to the City, were not obtained from the contractor. Recommendation – We recommend the City review its procedures for awarding and administering contracts for goods and services to ensure compliance with applicable Minnesota Statutes in the future. Views of Responsible Officials – There is no disagreement with the audit finding. The City will review its procedures relating to contracting and bidding to ensure compliance in the future. Page 351 of 352 THIS PAGE INTENTIONALLY LEFT BLANK Page 352 of 352