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Home My WebLink About09.15.25 CITY OF ST. JOSEPH www.cityofstjoseph.com “A safe and welcoming community valuing open communication and civic trust while maintaining the enduring spirit of small-town life.” 75 Callaway Street East | Saint Joseph, Minnesota 56374 Email: cityoffices@cityofstjoseph.com | Phone: 320.363.7201 | Fax 320.363.0342 St. Joseph City Council September 15, 2025 6:00 PM Join Zoom Meeting https://us06web.zoom.us/j/85934223635?pwd=RMIMCTMUqxytpabmBOo1mPCNn1zvdh.1 Meeting ID: 859 3422 3635 Passcode: 638989 1. 6:00 PM Call to order - Pledge of Allegiance 2. Public Comments Up to 3 speakers will be allowed for up to 3 minutes each to address the council with questions/concerns/comments (regarding an item NOT on the agenda). No Council response or action will be given/taken other than possible referral to Administration. 3. Approve Agenda 4. Consent Agenda a. Minutes – Requested Action: Approve the minutes of September 2, 2025. b. Bills Payable – Requested Action: Approve Check Numbers 63209-63228, Payroll & Account Payable EFT #3810-3818; ACH Accounts Payable #2400557-2400586; Regular Pay Period 18. c. Financial Report – Requested Action: Accept the August 2025 financial reports as presented. d. Donations – Requested Action: Approve Resolution 2025-062 accepting donations. e. Promote Office Vic Weiss from Part-time to Full-Time – Requested Action: Promotion of Office Vic Weiss to full-time, being placed at step 5 on the wage scale and inclusion of $2,500 to complete 6-month probation, $2,500 to complete 2 years of continued service with the city, 40 hours of front-loaded sick leave and 40 hours of front-loaded vacation leave. f. Interim Use Permit– 110 College Ave N – Requested Action: Approve Resolution 2025- 058 approving findings of fact approving an interim use permit for the purpose of a residential rental in a B-1 Central Business District. g. Interim Use Permit – 13 Ash ST E – Requested Action: Approve Resolution 2025-059 approving findings of fact approving an interim use permit for the purpose of a residential rental in a B-1 Central Business District. h. Interim Use Permit – 29 Ash ST W - Requested Action: Approve Resolution 2025-060 approving findings of fact approving an interim use permit for the purpose of a residential rental in a B-1 Central Business District. i. Safety Grant Agreement Approval – Requested Action: Approve the grant agreement between the City of St. Joseph and the Department of Labor & Industry to aid in the purchase of a scissor lift. j. Payment #3 for CSAH 2/MN Street Roundabout Project – Requested Action: Approve payment application 3 in the amount of $32,683.87 for the CSAH 2/MN Street Roundabout project. k. Casey’s Surplus Property – Requested Action: Approve all remaining item located at 423 4th Ave NE as surplus property l. New Officer Hire – Jakob Navratil – Requested Action: Approve the hire of Jakob Navratil at step 1 on the wage scale and the inclusion of $1,500 upon completion of a 1- year probationary period, $1500 to complete 2 years of continued service with the city, 40 hours of front-loaded sick leave and 40 hours of front-loaded vacation leave. m. Axon Contract Extension – Requested Action: Approve the extension of the Axon contract through the year 2030. n. Transfer – Requested Action: Authorize the 2025 transfers as presented. CITY OF ST. JOSEPH www.cityofstjoseph.com “A safe and welcoming community valuing open communication and civic trust while maintaining the enduring spirit of small-town life.” 75 Callaway Street East | Saint Joseph, Minnesota 56374 Email: cityoffices@cityofstjoseph.com | Phone: 320.363.7201 | Fax 320.363.0342 o. Flower Basket Funding Request – Requested Action: Fund $5,000 towards the flower basket program in 2025 using debt relief services and continue funding $5,000 in 2026 out of the Public Works operational fund. 5. Fire Department Report – Keith Louwagie 6. Conditional Use Permit Green Cross, C-Corp– Indoor Cannabis Cultivation 7. Issuance General Obligation Bonds, Series 2025A 8. Debt Management Study 9. 2026 Preliminary Budget 10. Department Reports 11. Mayor and Council Reports/Updates 12. Adjourn September 2, 2025 Page 1 of 1 Pursuant to due call and notice thereof, the City Council for the City of St. Joseph met in regular session on Tuesday, September 2, 2025, at 6:00PM in the St. Joseph Government Center. Members Present: Mayor Adam Scepaniak, Councilmembers Adam Schnettler, Andrew Mooney, Kevin Kluesner City Representatives Present: City Administrator David Murphy, City Clerk Kayla Klein, Finance Director Lori Bartlett, Public Works Director Ryan Wensmann, Police Chief Dwight Pfannenstein, City Engineer Randy Sabart, Community Development Director Nate Keller Public Comments: Janelle Von Pinnon, St. Joseph Newsleaders: Von Pinnon approached the council to ask for their support in keeping The Newsleaders in business. The paper goes out to St. Joseph residents directly. Mike Fandel, 125 17th Ave SE: Fandel asked that the council listen to the residents over their own personal gains. This is in regards to the apartment building that was approved earlier this year. Approve Agenda: Kluesner moved to approve the agenda; seconded by Mooney and passed unanimously. Consent Agenda: Kluesner moved to approve the consent agenda, pulling items 4c and 4d for further discussion; seconded by Mooney and passed unanimously. a. Minutes – Requested Action: Approve the minutes of July 21, 2025, and August 18, 2025. b. Bills Payable – Requested Action: Approve Check Numbers 63184-63208, Payroll & Account Payable EFT #3799-3809; ACH Accounts Payable #2400529-2400556; Regular Pay Period 17. c. Payment Application #2, CSAH 2 Project – Requested Action: Approve payment application #2 in the amount of $44,917.36. d. Payment Application #3, CSAH 133/Elm Street Project – Requested Action: Approve payment application #3 in the amount of $264,427.70. e. Payment Application #4, Millstream parking lot paving. Requested Action: Approve payment application #4 in the amount of $50,000. Department Reports: Bartlett reported that the city’s bonding request project was selected and staff will be providing a brief presentation of the bonding request for Phase II of the Northland Business Center on September 25, 2025, at St. Cloud State University. Mayor and Council Reports/Updates: None. Adjourn: Schnettler made a motion to adjourn the meeting at 6:13PM; seconded by Mooney and passed unanimously. Kayla Klein City Clerk STAFF MEMO Prepared by: Debbie Kulzer, Finance Tech Meeting Date: 9/15/25 ☒ Consent Agenda Item ☐ Regular Agenda Item Agenda Item # 4b Reviewed by: Item: Bills Payables Priority N/A ACTION REQUESTED Approve the bills payable as presented. BOARD/COMMISSION/COMMITTEE RECOMMENDATION none PREVIOUS COUNCIL ACTION See below REFERENCE AND BACKGROUND The council approved staff to make the following payments through the payroll contracts, regular monthly invoices with due dates prior to the next scheduled council meeting, or actions taken at previous council meetings. The information here is to provide you with all checks and electronic payments made for verification of the disbursement completeness. BUDGET IMPACT Bills Payable – Checks Mailed Prior to Council Approval Regular PP 18 $77,237.46 Payroll & Accounts Payable EFT #3810 - #3818 $61,065.58 ACH Accounts Payable #2400557 - #2400586 $60,831.11 Check Numbers #63209 - #63220 $319,522.99 Total $518,657.14 Bills Payable – Checks Awaiting Council Approval Check Numbers - #63221 - #63228 $78,905.78 Total $78,905.78 Total Budget/Fiscal Impact: $597,562.92 Various Funds STAFF RECOMMENDED ACTION Approve the bills payable as presented. SUPPORTING DATA/ATTACHMENTS Bill listing by EFT, paid prior to council approval and awaiting to be paid upon council approval. GL Check Check Vendor Invoice Invoice Check Period Issue Date Number Number Payee Number GL Account Amount 25-Sep 9/3/2025 ACH PAYROLL REG PP 18 VARIOUS 77,237.46$ 25-Aug 8/25/2025 3810 108258 MAGNIFI FINANCIAL CREDIT CARD JULY 25 STMT - DAVID 101-41110-331 542.96$ 25-Aug 8/25/2025 3810 108258 MAGNIFI FINANCIAL CREDIT CARD JULY 25 STMT - FIRE 210-42240-443 316.76$ 25-Aug 8/25/2025 3810 108258 MAGNIFI FINANCIAL CREDIT CARD JULY 25 STMT - KAYLA 101-42120-300 1,981.19$ 25-Aug 8/25/2025 3810 108258 MAGNIFI FINANCIAL CREDIT CARD JULY 25 STMT - NATE 101-41910-300 1.00$ 25-Aug 8/25/2025 3810 108258 MAGNIFI FINANCIAL CREDIT CARD JULY 25 STMT - PD 101-42120-210 2,070.15$ 25-Aug 8/25/2025 3810 108258 MAGNIFI FINANCIAL CREDIT CARD JULY 25 STMT - PW 601-49421-220 1,031.99$ 25-Aug 8/25/2025 3810 108258 MAGNIFI FINANCIAL CREDIT CARD JULY 25 STMT - RHONDA 101-45204-308 96.21$ 25-Sep 9/4/2025 3811 106468 AMERICAN FUNDS PR0829251 101-21705 200.00$ 25-Sep 9/4/2025 3812 1224 EFTPS PR0829251 101-21701 24,384.03$ 25-Sep 9/4/2025 3813 897 MN DEPARTMENT OF REVENUE PR0829251 101-21702 5,007.67$ 25-Sep 9/4/2025 3814 63 PERA PR0829251 101-21704 20,848.61$ 25-Sep 9/4/2025 3815 105209 SENTRY BANK PR0829251 101-21715 1,272.92$ 25-Sep 9/4/2025 3816 106189 VOYA FINANCIAL PR0829251 101-21705 2,450.00$ 25-Sep 9/4/2025 3817 108126 WEX PR0829251 101-21715 756.25$ 25-Aug 8/29/2025 3818 108294 MAGNIFI DEBIT CARD AUG 25 STMT 101-43125-230 105.84$ 25-Aug 8/28/2025 2400557 38 AUTO VALUE PARTS STORES - WEST 7000179 101-45202-230 12.99$ 25-Aug 8/28/2025 2400557 38 AUTO VALUE PARTS STORES - WEST 7000180 101-45202-230 12.99$ 25-Aug 8/28/2025 2400557 38 AUTO VALUE PARTS STORES - WEST 7000814 101-45202-230 9.99$ 25-Aug 8/28/2025 2400557 38 AUTO VALUE PARTS STORES - WEST 7001895 109-43201-580 43.99$ 25-Aug 8/28/2025 2400558 106 CENTRAL MCGOWAN INC 0001037751 - FIRE 210-42270-210 34.60$ 25-Aug 8/28/2025 2400558 106 CENTRAL MCGOWAN INC 0001037751 - PD 101-42120-210 34.60$ 25-Aug 8/28/2025 2400559 1265 CINTAS CORPORATION NO. 2 JULY 25 STMT 101-41430-210 2,118.47$ 25-Aug 8/28/2025 2400560 102901 CORE & MAIN LP X532294 601-49430-220 22.51$ 25-Aug 8/28/2025 2400561 108394 FACTORY MOTOR PARTS 1-11022586 101-42152-230 227.98$ 25-Aug 8/28/2025 2400562 529 GOODIN COMPANY 5497156-00 101-41942-220 33.30$ 25-Aug 8/28/2025 2400563 108265 KENNEDY & GRAVEN CHARTERED STMT 189340 101-42120-304 475.00$ 25-Aug 8/28/2025 2400564 108430 LIPINSKI, RUSSELL REFUND RENTAL 08.17.25 101-45202-34782 200.00$ 25-Aug 8/28/2025 2400565 1616 MVTL LABORATORIES INC 1320141 602-49480-312 572.50$ 25-Aug 8/28/2025 2400566 105529 NELSON SANITATION & RENTAL INC INV/2025/11955 101-45202-300 110.00$ 25-Aug 8/28/2025 2400566 105529 NELSON SANITATION & RENTAL INC INV/2025/11956 101-45202-300 110.00$ 25-Aug 8/28/2025 2400566 105529 NELSON SANITATION & RENTAL INC INV/2025/11957 101-45202-300 65.00$ 25-Aug 8/28/2025 2400566 105529 NELSON SANITATION & RENTAL INC INV/2025/12266 101-45202-300 110.00$ 25-Aug 8/28/2025 2400567 106764 O REILLY AUTO PARTS 5771-386740 101-45202-210 8.69$ 25-Aug 8/28/2025 2400567 106764 O REILLY AUTO PARTS 5771-386836 101-45202-210 2.24$ 25-Aug 8/28/2025 2400567 106764 O REILLY AUTO PARTS 5771-386837.2 101-42152-230 47.76$ 25-Aug 8/28/2025 2400567 106764 O REILLY AUTO PARTS 5771-386880 101-43201-210 11.58$ 25-Aug 8/28/2025 2400567 106764 O REILLY AUTO PARTS 5771-387075 101-42152-230 15.83$ 25-Aug 8/28/2025 2400567 106764 O REILLY AUTO PARTS 5771-387235 602-49450-230 17.15$ 25-Aug 8/28/2025 2400568 103475 POWERHOUSE OUTDOOR EQUIP 739966 101-45202-210 33.18$ 25-Aug 8/28/2025 2400569 107580 QUADIENT POSTAGE FUNDING 08.12.25 101-41430-201 707.43$ 25-Aug 8/28/2025 2400570 1168 RDO W4766303 101-43120-230 200.00$ 25-Aug 8/28/2025 2400571 105873 RIDGEWOOD CONTRACTING LLC 08.25.25 603-43230-300 970.00$ 25-Aug 8/28/2025 2400572 134 SECURITY LOCK TECHNOLOGIES 32184475 101-42120-220 184.00$ 25-Aug 8/28/2025 2400573 48 SEH INC 493010 205-45202-531 3,489.68$ 25-Aug 8/28/2025 2400573 48 SEH INC 493378 110-45202-530 988.14$ 25-Aug 8/28/2025 2400573 48 SEH INC 493380 420-43120-530 6,380.00$ 25-Aug 8/28/2025 2400573 48 SEH INC 493382 417-43120-530 20,441.40$ 25-Aug 8/28/2025 2400573 48 SEH INC 493768 420-43120-530 11,142.44$ 25-Aug 8/28/2025 2400574 110 TIREMAXX SERVICE CENTERS 440505 602-49450-230 176.00$ 25-Aug 8/28/2025 2400575 307 TRAUT COMPANIES 381876 601-49420-312 140.00$ 25-Aug 8/28/2025 2400575 307 TRAUT COMPANIES 382145 601-49420-312 140.00$ 25-Aug 8/28/2025 2400576 107953 WEISMAN CLEANING INC 7579 101-41942-300 1,710.00$ 25-Sep 9/4/2025 2400577 1238 AFSCME COUNCIL 65 30 101-21707 877.24$ 25-Sep 9/4/2025 2400578 38 AUTO VALUE PARTS STORES - WEST 7002295 101-43125-230 12.48$ 25-Sep 9/4/2025 2400579 106494 BRUNO PRESS 30 220-46500-300 750.00$ 25-Sep 9/4/2025 2400580 106494 BRUNO PRESS 30 250-46500-300 450.00$ 25-Sep 9/4/2025 2400581 106554 ELECTRIC MIKES INC 5188 602-49473-530 6,216.00$ 25-Sep 9/4/2025 2400582 108295 JK TECHNOLOGIES 1253 101-41430-310 45.00$ 25-Sep 9/4/2025 2400583 108265 KENNEDY & GRAVEN CHARTERED STMT 189268 101-42120-304 696.00$ 25-Sep 9/4/2025 2400584 108200 Kluesner, Kevin 08.29.25 402-45205-300 40.45$ 25-Sep 9/4/2025 2400585 1145 LAW ENFORCEMENT LABOR SERVICES 30 101-21707 584.00$ 25-Sep 9/4/2025 2400586 1616 MVTL LABORATORIES INC 1321071 602-49480-312 160.50$ 25-Aug 8/28/2025 63209 1 LEES ACE HARDWARE JULY 25 STMT - FIRE.1 210-42220-210 49.34$ 25-Aug 8/28/2025 63209 1 LEES ACE HARDWARE JULY 25 STMT - PD 101-42120-210 37.40$ 25-Aug 8/28/2025 63210 105921 MARCO INC 562351858 101-41430-300 555.41$ 25-Aug 8/28/2025 63211 1078 MN DEPARTMENT OF HEALTH 7/1/25 - 9/30/25 601-49440-444 4,549.00$ 25-Aug 8/28/2025 63212 2022 UNUM LIFE INSURANCE SEPT 25 STMT 101-21713 2,098.90$ 25-Sep 9/4/2025 63213 204 EARL F. ANDERSEN, INC 0140545-IN 101-43120-210 182.95$ 25-Sep 9/4/2025 63214 108301 FLEETPRIDE INC 128299735 101-43125-230 131.98$ 25-Sep 9/4/2025 63215 102497 MARTIN MARIETTA MATERIALS, INC 46872923 101-43120-220 355.88$ 25-Sep 9/4/2025 63216 357 RENGEL PRINTING INC 198881 101-41110-200 35.00$ 25-Sep 9/4/2025 63217 108431 SCHERER & SONS TRUCKING INC 2025 - FACADE GRANT 250-46500-588 2,000.00$ 25-Sep 9/4/2025 63218 611 STEARNS COUNTY HIGHWAY DEPARTM 136-2025 420-43120-530 44,917.36$ 25-Sep 9/4/2025 63218 611 STEARNS COUNTY HIGHWAY DEPARTM 138-2025 420-43120-530 264,427.70$ 25-Sep 9/4/2025 63219 107773 STERICYCLE INC 8011879333 101-42120-300 73.95$ 25-Sep 9/4/2025 63220 100136 XCEL ENERGY STMT 941404889 602-49473-381 108.12$ 25-Sep 9/10/2025 63221 104694 BADGER METER INC 80207427 601-49430-300 1,485.73$ 25-Sep 9/10/2025 63222 160 CITY OF ST. CLOUD AR035336 602-49480-419 68,629.38$ 25-Sep 9/10/2025 63223 204 EARL F. ANDERSEN, INC 0140670-IN 101-43120-220 189.90$ 25-Sep 9/10/2025 63224 107055 GENERAL RENTAL CENTER ALBANY 197134 101-45202-410 150.00$ 25-Sep 9/10/2025 63224 107055 GENERAL RENTAL CENTER ALBANY 197583 101-45202-410 118.67$ 25-Sep 9/10/2025 63225 108234 GOLD STAR MOWING & SERVICES INC.251459 101-45202-300 150.00$ 25-Sep 9/10/2025 63226 36 HAWKINS INC 7181931 601-49421-210 4,653.72$ 25-Sep 9/10/2025 63227 1147 MID CENTRAL DOOR COMPANY SI020449 101-43201-220 250.00$ 25-Sep 9/10/2025 63228 11 STEARNS ELECTRIC ASSOCIATION AUG 25 STMT 602-49471-381 3,278.38$ Payroll $77,237.46 Accounts Payable & Payroll EFT $61,065.58 ACH Accounts Payable $60,831.11 Check #'s $319,522.99 Council Approval Checks $78,905.78 $597,562.92 STAFF MEMO Prepared by: Lori Bartlett Meeting Date: 9-15-25 ☒ Consent Agenda Item ☐ Regular Agenda Item Agenda Item # 4c Reviewed by: Item: August Treasurer’s Report Priority: NA ACTION REQUESTED Consider acceptance of the treasurer’s reports through August 2025. BOARD/COMMISSION/COMMITTEE RECOMMENDATION none PREVIOUS COUNCIL ACTION Adopted 2025 budget on December 2, 2024. The council approved the 1st and 2nd quarters and monthly financial reports through July 2025. REFERENCE AND BACKGROUND Cash/investment presented as August 31, 2025. Budget to actual reports attached for Council review. The cash and investment balance increased $277,537 from the beginning of the year. The first half tax and assessment settlements were received along with the first half LGA (local government state aid). The city is cash flowing the 2025 street and roundabout projects until the 2025 bond proceeds are received in Oct. The purchase of the old Casey’s building drew down the reserve balance in the debt relief fund. Grant reimbursements are expected in September for the Rivers Bend Park and Lanigan Way pedestrian crossing projects. Investment earnings average 3.79% interest rate with an average maturity of 27 months. Interest earnings for August equaled $72,691 on an ending cash balance of $26,278,030. The change in market value increased $110,041 in August. Recorded interest earnings as of August 31st total $473,076. The General Fund spent 73% of the expenditure budget and received 55% of the revenue budget at the end of August. While revenues and expenditures are operational in nature, there are a couple of items to point out. Interest earnings plus the change in market value of investments is $81,955 over budget. We budget conservatively since the market value adjustments can fluctuate both ways depending upon economic conditions. A few capital expenditures were incurred. As mentioned above, the city purchased the Casey’s building, spending down reserves and was unbudgeted. The Lanigan Way pedestrian crossing will show the expenditure and revenue, both unbudgeted, in the debt relief fund. Squad 703 and 705 plus equipment buildout, ACA and CIP software, mechanical tools, police camera equipment, pickleball courts, and 2025 computer replacements. The Enterprise funds spent 41% (less depreciation) and received 66% of the revenue budget. The revenue includes usage billed for Jan. through Aug. Other revenues such as interest earnings and cellular antenna leases are received monthly. Expenses are for eight operational months. The water fund incurred costs associated with water main breaks with the extreme cold and warm up in Jan/Feb. Operating supplies and professional services under water distribution are significant. The 500 cellular meter conversion project was completed in August. All but 22 accounts were converted to cellular read meters. The final year of the conversion project will be in 2026 with about 480 meters left to convert. In the sewer fund, a permanent diesel generator was installed at the CR121 lift station. Other expenses are operational in nature for August including contract payments for sewer treatment, refuse/recycling and composting. The new utility truck was expended out of the enterprise funds. BUDGET IMPACT Information only STAFF RECOMMENDED ACTION Accept the treasurer’s reports through August 2025. SUPPORTING DATA/ATTACHMENTS Financial Statements – Cash Allocation Financial Statements – General Fund Financial Statements - Enterprise Funds CITY OF ST JOSEPH COMBINED CASH INVESTMENT AUGUST 31, 2025 COMBINED CASH ACCOUNTS 001-10100GENERAL CHECKING26,278,029.93 TOTAL COMBINED CASH26,278,029.93 001-10199CASH ALLOCATED TO OTHER FUNDS( 26,278,029.93) TOTAL UNALLOCATED CASH.00 CASH ALLOCATION RECONCILIATION 101ALLOCATION TO GENERAL FUND2,660,507.58 102ALLOCATION TO EMPLOYEE RETIREMENT RESERVE406,584.84 106ALLOCATION TO PUBLIC SAFETY AID75,009.00 108ALLOCATION TO CABLE PEG ACCESS FEE8,718.53 109ALLOCATION TO GENERAL CAPITAL OUTLAY597,894.28 110ALLOCATION TO DEBT SERVICE RELIEF411,084.88 200ALLOCATION TO ST CLOUD AREA LOCAL SALES TAX1,469,747.44 205ALLOCATION TO PARK DEDICATION FEES147,962.74 210ALLOCATION TO FIRE DEPARTMENT663,144.04 215ALLOCATION TO CHARITABLE GAMBLING2,294.53 220ALLOCATION TO CVB39,375.70 225ALLOCATION TO DEED CDAP HOUSING GRANTS60,238.75 250ALLOCATION TO EDA103,992.78 251ALLOCATION TO REVOLVING LOAN FUND598,450.49 253ALLOCATION TO TIF 4-1 FORTITUDE SENIOR APTS40,715.38 257ALLOCATION TO TIF 2-1 MILLSTREAM SHOPS LOFTS48,695.16 259ALLOCATION TO TIF 2-3 BAYOU BLUES ALLEY FLAT1,348.09 301ALLOCATION TO 2016 CIP BONDS \[GOVT CENTER\]156,732.37 302ALLOCATION TO 2022A GO ABATE BONDS\[COMMCTR1\]1,337,033.01 304ALLOCATION TO 2016 IMP BONDS \[FIELD ST\]204,397.21 307ALLOCATION TO 2019A IMP BONDS \[OVERLAYS\]250,736.46 308ALLOCATION TO 2019A IMP BONDS \[IND PARK\]1,400,576.38 309ALLOCATION TO 2020A EQUIPMENT CERTIFICATES25,079.47 310ALLOCATION TO 2020B IMP BONDS \[20TH AVE SE\]414,692.85 311ALLOCATION TO 2021 IMP BOND \[MN ST/OVERLAYS\]720,913.32 312ALLOCATION TO 2020B CIP BONDS \[SHOP 3\]36,394.20 314ALLOCATION TO 2020C CO REFUND \['14 PARK TER\]88,358.14 315ALLOCATION TO 2022 IMP BONDS \[OVERLAYS\]203,266.44 316ALLOCATION TO 2022A EQUIP CERT \[FD TRUCK\]161,176.08 317ALLOCATION TO 2023A IMP \[OVERLAY/ELM ST ROW\]197,847.99 318ALLOCATION TO 2023A EQUIP CERT \[GEN EQ\]69,817.96 319ALLOCATION TO 2024A GO IMP BONDS \[ST IMP\]245,109.55 320ALLOCATION TO 2025A GO IMP BONDS \[ST IMP\]( 317.95) 321ALLOCATION TO 2025A EQUIP CERT \[GEN EQ\]( 98.92) 402ALLOCATION TO COMMUNITY CENTER/YMCA PHASE I6,098,913.35 417ALLOCATION TO 2023 ST IMP/'24 ELM ST ROW ACQ254,578.42 418ALLOCATION TO 2023 EQUIP CERTIFICATES6,137.58 419ALLOCATION TO FUND 419388,852.88 420ALLOCATION TO FUND 4205,253.48 421ALLOCATION TO 2025 EQUIP CERTIFICATES( 110,383.32) 501ALLOCATION TO WAC/WATER TRUNK FEES340,441.14 502ALLOCATION TO SAC/SEWER TRUNK FEES95,995.01 601ALLOCATION TO WATER FUND1,504,859.01 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 03:56PM PAGE: 1 CITY OF ST JOSEPH COMBINED CASH INVESTMENT AUGUST 31, 2025 602ALLOCATION TO SEWER FUND3,658,356.44 603ALLOCATION TO REFUSE/RECYCLING/COMPOST274,481.69 651ALLOCATION TO STORM WATER UTILITY758,012.51 652ALLOCATION TO STREET LIGHT UTILITY155,052.97 TOTAL ALLOCATIONS TO OTHER FUNDS26,278,029.93 ALLOCATION FROM COMBINED CASH FUND - 001-10199( 26,278,029.93) ZERO PROOF IF ALLOCATIONS BALANCE.00 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 03:57PM PAGE: 2 City of St. Joseph General Fund Balance Sheet Summary As of August 31, 2025 Account NumberAccount Name8/31/2025 Assets 101-10199Cash$ 2,660,507.58 102-10199Cash 406,584.84 104-10199Cash - 106-10199Cash 75,009.00 108-10199Cash 8,718.53 109-10199Cash 597,894.28 110-10199Cash 411,084.88 101-10200Petty Cash 200.00 101-10450Interest Receivable - 101-10500Accounts Receivable (316.66) 108-10500Accounts Receivable - 101-10520State MSAS Receivable - 109-10500Accounts Receivable - 109-10550Due From other Gov tUnits - 102-10550DFOGU - 101-10550Due From Other Gov Units - 110-10550Due From other Gov tUnits - 110-10600Prepaids - 101-10600Prepaid Items - 110-10700Taxes Receivable - Delinquent - 101-10700Taxes Receivable - Delinquent - 101-11800Lease Receivable - 110-12100Special Assessments Receivable - 101-12100Special Assessments Receivable - 110-12150Delinquent Special Assmt - 110-15500Due From Other Fund - 101-15500Due From Other Fund - Total Assets$ 4,159,682.45 Liabilities 101-20200Accounts Payable (56,334.97) 102-20200Accounts Payables - 106-20200Accounts Payable - 104-20200ARPA Accounts Payable - 108-20200Accounts Payable - 109-20200Accounts Payable - 110-20200Accounts Payable - 101-20201Salaries Payable (77,237.46) 109-20202Due to Other Govt Units - 101-20202Due to Other Govt Units - 101-21701Federal Withholding - 101-21702State Withholding - 101-21703FICA Tax Withholding - 101-21704PERA (0.03) 101-21705Deferred Comp - 101-21706Medical/Dental Insurance (16,813.51) 101-21707Federation Dues (834.64) 101-21711Life Insurance (219.26) 101-21712Fire Dept Lunch Liability - 101-21713Disability Insurance 365.88 101-21714Child Support - 101-21715Flex- Medical/H SA (468.75) 101-21716Flex- Dependent Care Reimb (9,874.85) 101-22200Unearned Revenue (9,897.00) 104-22200Unearned Revenue - 110-22204Deferred Inflow of Resources - 101-22204Deferred Inflow of Resources - 101-22600Deposit Payable - Total Liabilities (171,314.59) Fund Equity Funds 101-110Revenue Under Expenditures YTD 276,123.33 101-24410Design. Fd Bal - Working Cap - 101-24411Design. Fd Bal - Elections - 101-24413Design. Fd Bal - Capital - 101-24500Restricted Equity - 101-25310Unassigned Fund Balance (2,891,129.68) 102-25310Unassigned Fund Balance (391,694.07) 104-25310Unassigned Fund Balance - 106-25310Unassigned Fund Balance (134,580.53) 108-25310Unassigned Fund Balance (6,192.65) 109-24413Design. Fd Bal - Capital - 109-25310Unassigned Fund Balance (623,619.26) 110-24413Design. Fd Bal - Capital - 110-24414Design. Fd Bal -Debt Serv.Rel. - 110-24500Restricted Net Position - 110-25310Unassigned Fund Balance (1,073,148.91) Total Equity (4,844,241.77) Total Liabilities plus Equity$ (5,015,556.36) CITY OF ST JOSEPH REVENUES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 GENERAL FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETCURRENT BUDGETUNEARNEDPCNT GENERAL FUND REVENUE 101-41430-31010CURRENT AD VALOREM TAXES1,149,669.131,378,009.962,734,439.002,734,439.001,356,429.0450.4 101-41430-31400GRAVEL TAX970.76.00750.00750.00750.00.0 101-41430-31810FRANCHISE FEES - CABLE14,443.4013,474.6827,565.0027,565.0014,090.3248.9 101-41430-31820FRANCHISE FEES - GAS36,801.5240,912.1665,860.0065,860.0024,947.8462.1 101-41430-31830FRANCHISE FEES - ELECTRIC40,591.5161,508.16107,665.00107,665.0046,156.8457.1 101-41430-32111KEG PERMIT5.0015.0020.0020.005.0075.0 101-41430-32112LIQUOR LICENSE34,213.3436,560.0035,000.0035,000.00( 1,560.00)104.5 101-41430-32113OUTDOOR LIQUOR PERMIT6,550.006,200.006,000.006,000.00( 200.00)103.3 101-41430-32114GAMBLING PERMITS460.00180.00400.00400.00220.0045.0 101-41430-32115MASSAGE LICENSE.00545.00.00.00( 545.00).0 101-41430-32170AMUSEMENT/HUNT/PEDDLER/GOLF515.00970.00700.00700.00( 270.00)138.6 101-41430-32184CIGARETTE LICENSE33.33.00600.00600.00600.00.0 101-41430-32210BUILDING PERMITS167,251.3571,504.11120,000.00120,000.0048,495.8959.6 101-41430-32261RENTAL HOUSING REGISTRATION35,555.0038,070.0035,000.0035,000.00( 3,070.00)108.8 SHORT-TERM RENTAL REGISTRATIO101-41430-32262.00100.00.00.00( 100.00).0 101-41430-33400STATE GRANTS AND AIDS3,951.47.001,505.001,505.001,505.00.0 101-41430-33401LOCAL GOVERNMENT AID704,300.50695,823.001,391,646.001,391,646.00695,823.0050.0 101-41430-34102ZONING VIOLATION.00.00250.00250.00250.00.0 101-41430-34103ZONING AND SUBDIVISION FEE6,800.0011,225.0015,000.0015,000.003,775.0074.8 101-41430-34104LAND USE DEPOSIT FEE11,259.4414,500.00.00.00( 14,500.00).0 101-41430-34105SALE OF MAPS AND PUBLICATIONS37.00116.0015.0015.00( 101.00)773.3 101-41430-34107ASSESSMENTS SEARCH3,540.004,005.004,000.004,000.00( 5.00)100.1 101-41430-34111SPECIAL HEARING.00.00150.00150.00150.00.0 101-41430-34221WATER TOWER ANTENNA LEASE1,669.121,712.942,575.002,575.00862.0666.5 101-41430-34780SHELTER/ROOM RENTAL FEES2,700.00600.003,400.003,400.002,800.0017.7 101-41430-34782ROOM RENTAL DAMAGE DEPOSIT200.00400.00.00.00( 400.00).0 101-41430-36100SPECIAL ASSESSMENTS( 738.55)337.31500.00500.00162.6967.5 101-41430-36210INTEREST EARNINGS105,180.42131,955.4950,000.0050,000.00( 81,955.49)263.9 101-41430-36215CO-OP DIVIDENDS( .89).005,000.005,000.005,000.00.0 101-41430-36300REIMBURSEMENT723.571,014.2119,870.0019,870.0018,855.795.1 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 03:58PM PAGE: 1 CITY OF ST JOSEPH REVENUES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 GENERAL FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETCURRENT BUDGETUNEARNEDPCNT 101-42120-33160FEDERAL GRANTS - OTHER2,342.92777.941,500.001,500.00722.0651.9 101-42120-33400STATE POLICE AID.00.00117,000.00117,000.00117,000.00.0 101-42120-33416STATE POLICE TRAINING REMB12,163.7111,933.155,000.005,000.00( 6,933.15)238.7 101-42120-34800ACCIDENT REPORT FEE1,141.502,458.502,000.002,000.00( 458.50)122.9 101-42120-34950KENNEL FEES.00.001,000.001,000.001,000.00.0 101-42120-34955POLICE INVESTIGATION CHARGES80.00.00500.00500.00500.00.0 101-42120-35101COUNTY FINES25,377.5520,917.7345,000.0045,000.0024,082.2746.5 101-42120-35102POLICY FINES13,724.8817,476.3220,000.0020,000.002,523.6887.4 101-42120-35106SEIZED PROPERTY.005,073.701,000.001,000.00( 4,073.70)507.4 101-42120-36230CONTRIBUTIONS - GENERAL2,500.001,500.002,000.002,000.00500.0075.0 101-42120-36300REIMBURSEMENT4,217.954,547.185,000.005,000.00452.8290.9 101-43120-32000REFUSE PERMITS13,500.0010,600.0011,000.0011,000.00400.0096.4 101-43120-33421STATE MUNICIPAL FUNDS AID105,297.00119,959.00120,000.00120,000.0041.00100.0 101-43120-33611COUNTY GRANTS - ROAD MAINT..00.0017,000.0017,000.0017,000.00.0 101-43120-34407SNOW REMOVAL.00.00500.00500.00500.00.0 101-43120-36230CONTRIBUTIONS - GENERAL.00.00500.00500.00500.00.0 101-43120-36300REIMBURSEMENT21,041.1718,800.6220,000.0020,000.001,199.3894.0 101-45125-34783SCHNEIDER FIELD RENTAL1,890.003,470.001,800.001,800.00( 1,670.00)192.8 101-45125-36230DONATIONS - SCHNEIDER FIELD.00.00250.00250.00250.00.0 101-45202-34407WEED CUTTING.00.00300.00300.00300.00.0 101-45202-34780SHELTER/ROOM RENTAL FEES23,600.0026,350.0025,000.0025,000.00( 1,350.00)105.4 101-45202-34782PARK RENTAL DAMAGE DEPOSIT4,092.506,790.00.00.00( 6,790.00).0 101-45202-36230DONATIONS - PARKS10,294.272,358.00400.00400.00( 1,958.00)589.5 101-45202-36300REIMBURSEMENT230.00.00500.00500.00500.00.0 101-45204-33430OTHER GRANTS/AIDS.004,000.00.00.00( 4,000.00).0 101-45204-34405CONCESSIONS466.00339.00500.00500.00161.0067.8 101-45204-34408ADMISSION FEE7,053.006,305.007,000.007,000.00695.0090.1 101-45204-34410BIKE SHARE PROGRAM1,341.02849.95750.00750.00( 99.95)113.3 101-45204-36230DONATIONS - RECREATION1,727.17250.00500.00500.00250.0050.0 101-49302-39201TRANSFERS FROM OTHER FUNDS17,985.00.00.00.00.00.0 102-41430-31010CURRENT AD VALOREM TAXES2,028.385,645.0715,000.0015,000.009,354.9337.6 102-49302-39201TRANSFERS FROM OTHER FUNDS6,000.0011,205.0011,205.0011,205.00.00100.0 104-41430-33160FEDERAL GRANTS - OTHER150,946.54.00.00.00.00.0 108-41950-31810FRANCHISE FEES - PEG2,568.462,525.885,500.005,500.002,974.1245.9 109-41430-31010CURRENT AD VALOREM TAXES40,920.8079,760.95212,135.00212,135.00132,374.0537.6 109-49302-39201TRANSFERS FROM OTHER FUNDS.004,000.00.00.00( 4,000.00).0 109-49302-39260SURPLUS PROPERTY22,920.007,648.6521,500.0021,500.0013,851.3535.6 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 03:59PM PAGE: 2 CITY OF ST JOSEPH REVENUES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 DEBT SERVICE RELIEF PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETCURRENT BUDGETUNEARNEDPCNT 110-41430-33401LOCAL GOVERNMENT AID40,000.0050,000.00100,000.00100,000.0050,000.0050.0 110-43120-31010CURRENT AD VALOREM TAXES32.21359.02500.00500.00140.9871.8 110-43120-36100SPECIAL ASSESSMENTS21,679.3619,500.195,000.005,000.00( 14,500.19)390.0 TOTAL GENERAL FUND REVENUE2,883,842.812,955,138.875,404,750.005,404,750.002,449,611.1354.7 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:03PM PAGE: 3 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 GENERAL FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT GENERAL FUND EXPENDITURES 101-41110-101COUNCIL SALARIES15,660.0015,660.0020,880.0020,880.005,220.0075.0 101-41110-104TAXABLE PER DIEM600.001,350.002,800.002,800.001,450.0048.2 101-41110-121PERA CONTRIBUTIONS602.25411.50890.00890.00478.5046.2 101-41110-122FICA CONTRIBUTIONS497.19791.06365.00365.00( 426.06)216.7 101-41110-125MEDICARE CONTRIBUTIONS.00.00345.00345.00345.00.0 101-41110-151WORKERS COMP. INSUR. PREM.39.0048.0075.0075.0027.0064.0 101-41110-171CLOTHING ALLOWANCE44.84289.50350.00350.0060.5082.7 101-41110-200OFFICE SUPPLIES.0064.58100.00100.0035.4264.6 101-41110-331TRAVEL & CONFERENCE EXPENSE3,583.304,940.278,400.008,400.003,459.7358.8 101-41110-361GENERAL LIABILITY INSURANCE512.00512.00520.00520.008.0098.5 101-41110-433DUES & MEMBERSHIPS32,898.2429,844.0041,035.0041,035.0011,191.0072.7 101-41120-103LEGISLATIVE BODIES1,720.002,160.005,400.005,400.003,240.0040.0 101-41120-151WORKERS COMP. INSUR. PREM.26.0028.00375.00375.00347.007.5 101-41120-200OFFICE SUPPLIES78.33.00100.00100.00100.00.0 101-41120-340ADVERTISING.00.0050.0050.0050.00.0 101-41130-303ENGINEERING FEE.00.00250.00250.00250.00.0 101-41130-304LEGAL FEES315.00315.002,000.002,000.001,685.0015.8 101-41130-340ADVERTISING64.74262.20750.00750.00487.8035.0 101-41310-101MAYOR SALARIES5,850.005,850.007,800.007,800.001,950.0075.0 101-41310-104TAXABLE PER DIEM800.00200.001,000.001,000.00800.0020.0 101-41310-121PERA CONTRIBUTIONS332.50302.50440.00440.00137.5068.8 101-41310-122FICA CONTRIBUTIONS96.4787.76.00.00( 87.76).0 101-41310-125MEDICARE CONTRIBUTIONS.00.00125.00125.00125.00.0 101-41310-151WORKERS COMP. INSUR. PREM.10.0012.0025.0025.0013.0048.0 101-41310-171CLOTHING ALLOWANCE75.04.00200.00200.00200.00.0 101-41310-200OFFICE SUPPLIES.0045.0025.0025.00( 20.00)180.0 101-41310-331TRAVEL & CONFERENCE EXPENSE2,103.84191.433,000.003,000.002,808.576.4 101-41310-361GENERAL LIABILITY INSURANCE128.00128.00130.00130.002.0098.5 101-41410-101ELECTION SALARIES5,845.00.00.00.00.00.0 101-41410-210OPERATING SUPPLIES158.82.00.00.00.00.0 101-41410-331TRAVEL & CONFERENCE252.55130.21.00.00( 130.21).0 101-41410-340ADVERTISING230.76.00.00.00.00.0 101-41410-410RENTALS.00.007,000.007,000.007,000.00.0 101-41410-580OTHER EQUIPMENT.00.006,000.006,000.006,000.00.0 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:03PM PAGE: 4 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 GENERAL FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT 101-41430-101ADMINISTRATIVE SALARIES203,882.58208,835.75315,000.00315,000.00106,164.2566.3 101-41430-121PERA CONTRIBUTIONS15,289.4815,453.8723,625.0023,625.008,171.1365.4 101-41430-122FICA CONTRIBUTIONS14,441.8814,984.3617,655.0017,655.002,670.6484.9 101-41430-123DEFERRED COMP-EMPLOYER900.00900.002,600.002,600.001,700.0034.6 101-41430-125MEDICARE CONTRIBUTIONS.00( 24.66)4,130.004,130.004,154.66( .6) 101-41430-130H S A- EMPLOYER CONTRIBUTION7,230.006,360.007,200.007,200.00840.0088.3 101-41430-131HEALTH INSURANCE39,313.7635,894.3463,000.0063,000.0027,105.6657.0 101-41430-132DENTAL INSURANCE2,809.762,429.714,345.004,345.001,915.2955.9 101-41430-133LIFE INSURANCE188.55175.25245.00245.0069.7571.5 101-41430-134DISABILTY INSURANCE1,979.731,828.383,155.003,155.001,326.6258.0 101-41430-151WORKERS COMP. INSUR. PREM.1,235.00831.001,450.001,450.00619.0057.3 101-41430-171CLOTHING ALLOWANCE92.98296.00150.00150.00( 146.00)197.3 101-41430-200OFFICE SUPPLIES1,287.961,123.182,500.002,500.001,376.8244.9 101-41430-201POSTAGE2,938.545,196.264,500.004,500.00( 696.26)115.5 101-41430-210OPERATING SUPPLIES3,436.832,442.453,000.003,000.00557.5581.4 101-41430-220REPAIR AND MAINTENANCE124.95132.31200.00200.0067.6966.2 101-41430-230VEHICLE R&M.00579.35.00.00( 579.35).0 101-41430-300PROFESSIONAL SERVICES1,722.303,379.332,500.002,500.00( 879.33)135.2 101-41430-310SOFTWARE SUPPORT6,410.435,619.359,115.009,115.003,495.6561.7 101-41430-314SAFETY PROGRAM265.1818.43395.00395.00376.574.7 101-41430-315WELLNESS PROGRAM.001,077.225,000.005,000.003,922.7821.5 101-41430-317OTHER FEES539.2211.67850.00850.00838.331.4 101-41430-321TELEPHONE2,100.292,186.813,125.003,125.00938.1970.0 101-41430-331TRAVEL & CONFERENCE EXPENSE3,528.132,162.786,000.006,000.003,837.2236.1 101-41430-340ADVERTISING210.70133.60300.00300.00166.4044.5 101-41430-361GENERAL LIABILITY INSURANCE8,649.227,154.309,050.009,050.001,895.7079.1 101-41430-410RENTALS4,293.264,703.755,980.005,980.001,276.2578.7 101-41430-433DUES & MEMBERSHIPS139.0050.00190.00190.00140.0026.3 101-41430-441SALES & USE TAX231.884.41300.00300.00295.591.5 101-41430-446LICENSING.002,582.35.00.00( 2,582.35).0 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:04PM PAGE: 5 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 GENERAL FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT 101-41530-101FINANCE SALARIES130,585.07138,874.38211,890.00211,890.0073,015.6265.5 101-41530-121PERA CONTRIBUTIONS9,556.5110,189.0215,425.0015,425.005,235.9866.1 101-41530-122FICA CONTRIBUTIONS9,342.839,836.7112,175.0012,175.002,338.2980.8 101-41530-123DEFERRED COMP-EMPLOYER1,350.001,350.001,950.001,950.00600.0069.2 101-41530-125MEDICARE CONTRIBUTIONS.00.002,845.002,845.002,845.00.0 101-41530-130H S A- EMPLOYER CONTRIBUTION4,700.004,825.004,800.004,800.00( 25.00)100.5 101-41530-131HEALTH INSURANCE23,756.6224,936.4542,000.0042,000.0017,063.5559.4 101-41530-132DENTAL INSURANCE1,343.341,377.852,900.002,900.001,522.1547.5 101-41530-133LIFE INSURANCE119.70119.70165.00165.0045.3072.6 101-41530-134DISABILTY INSURANCE1,260.091,293.572,075.002,075.00781.4362.3 101-41530-151WORKERS COMP. INSUR. PREM.831.00560.00975.00975.00415.0057.4 101-41530-171CLOTHING ALLOWANCE150.00150.00100.00100.00( 50.00)150.0 101-41530-200OFFICE SUPPLIES443.57145.33500.00500.00354.6729.1 101-41530-300PROFESSIONAL SERVICES3,627.523,237.995,250.005,250.002,012.0161.7 101-41530-310SOFTWARE SUPPORT10,699.5613,588.4612,700.0012,700.00( 888.46)107.0 101-41530-321TELEPHONE572.33566.79995.00995.00428.2157.0 101-41530-331TRAVEL & CONFERENCE EXPENSE863.60862.343,000.003,000.002,137.6628.7 101-41530-340ADVERTISING1,156.461,097.921,750.001,750.00652.0862.7 101-41530-433DUES & MEMBERSHIPS339.99339.99340.00340.00.01100.0 101-41540-300AUDIT & ACCOUNTING SERVICES36,600.0038,450.0038,450.0038,450.00.00100.0 101-41550-300PROFESSIONAL SERVICES28,132.1125,403.9028,500.0028,500.003,096.1089.1 101-41610-304LEGAL FEES579.5010,897.2512,000.0012,000.001,102.7590.8 101-41710-220REPAIR AND MAINTENANCE.001,017.20500.00500.00( 517.20)203.4 101-41710-310IT SERVICES13,015.8713,852.0522,000.0022,000.008,147.9563.0 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:04PM PAGE: 6 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 GENERAL FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT 101-41910-101PLANNING & ZONING SALARIES50,356.4251,062.6686,660.0086,660.0035,597.3458.9 101-41910-121PERA CONTRIBUTIONS3,766.023,829.646,015.006,015.002,185.3663.7 101-41910-122FICA CONTRIBUTIONS3,754.113,875.425,000.005,000.001,124.5877.5 101-41910-123DEFERRED COMP-EMPLOYER292.50292.50845.00845.00552.5034.6 101-41910-125MEDICARE CONTRIBUTIONS.00.001,170.001,170.001,170.00.0 101-41910-130H S A- EMPLOYER CONTRIBUTION1,527.501,560.001,560.001,560.00.00100.0 101-41910-131HEALTH INSURANCE7,335.207,699.1313,650.0013,650.005,950.8756.4 101-41910-132DENTAL INSURANCE497.42507.62945.00945.00437.3853.7 101-41910-133LIFE INSURANCE38.8838.8855.0055.0016.1270.7 101-41910-134DISABILTY INSURANCE453.42453.42790.00790.00336.5857.4 101-41910-151WORKERS COMP. INSUR. PREM.340.00210.00400.00400.00190.0052.5 101-41910-171CLOTHING ALLOWANCE39.9450.0035.0035.00( 15.00)142.9 101-41910-200OFFICE SUPPLIES.0025.33100.00100.0074.6725.3 101-41910-201POSTAGE.00334.84200.00200.00( 134.84)167.4 101-41910-300PROFESSIONAL SERVICES185.741,442.196,500.006,500.005,057.8122.2 101-41910-303ENGINEERING FEE1,830.011,232.702,450.002,450.001,217.3050.3 101-41910-304LEGAL FEES317.501,440.001,000.001,000.00( 440.00)144.0 101-41910-310SOFTWARE SUPPORT92.4079.3850.0050.00( 29.38)158.8 101-41910-321TELEPHONE292.31286.72505.00505.00218.2856.8 101-41910-331TRAVEL & CONFERENCE EXPENSE51.91516.021,200.001,200.00683.9843.0 101-41910-340ADVERTISING688.02449.36600.00600.00150.6474.9 101-41910-350PRINTING.00.00150.00150.00150.00.0 101-41910-431ANNEXATION/RECORDING FEE485.00362.74600.00600.00237.2660.5 101-41910-433DUES & MEMBERSHIPS667.00667.00880.00880.00213.0075.8 101-41910-449PROPERTY TAX SHARING23,924.569,595.6819,190.0019,190.009,594.3250.0 101-41910-451JOINT PLANNING.00.00250.00250.00250.00.0 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:04PM PAGE: 7 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 GENERAL FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT 101-41941-101GENERAL GOVERNMENT SALARIES10,649.4712,698.4516,900.0016,900.004,201.5575.1 101-41941-121PERA CONTRIBUTIONS794.23947.321,265.001,265.00317.6874.9 101-41941-122FICA CONTRIBUTIONS771.08912.71995.00995.0082.2991.7 101-41941-125MEDICARE CONTRIBUTIONS.00.00235.00235.00235.00.0 101-41941-130H S A- EMPLOYER CONTRIBUTION496.27582.93480.00480.00( 102.93)121.4 101-41941-131HEALTH INSURANCE2,065.892,672.064,200.004,200.001,527.9463.6 101-41941-132DENTAL INSURANCE125.12156.40290.00290.00133.6053.9 101-41941-133LIFE INSURANCE10.8814.9315.0015.00.0799.5 101-41941-134DISABILTY INSURANCE113.36146.70170.00170.0023.3086.3 101-41941-151WORKERS COMP. INSUR. PREM.837.00645.00500.00500.00( 145.00)129.0 101-41941-171CLOTHING ALLOWANCE.00( 1.28)130.00130.00131.28( 1.0) 101-41941-210OPERATING SUPPLIES58.37.00250.00250.00250.00.0 101-41941-220REPAIR AND MAINTENANCE197.87.00500.00500.00500.00.0 101-41941-361GENERAL LIABILITY INSURANCE4,636.572,132.712,455.002,455.00322.2986.9 101-41942-210OPERATING SUPPLIES119.98459.642,500.002,500.002,040.3618.4 101-41942-220REPAIR AND MAINTENANCE3,354.721,565.707,500.007,500.005,934.3020.9 101-41942-300PROFESSIONAL SERVICES14,382.9318,777.5528,500.0028,500.009,722.4565.9 101-41942-361GENERAL LIABILITY INSURANCE6,759.636,215.456,900.006,900.00684.5590.1 101-41942-381ELECTRIC UTILITIES9,956.3511,640.9923,015.0023,015.0011,374.0150.6 101-41942-383GAS UTILITIES4,042.255,613.179,500.009,500.003,886.8359.1 101-41942-410RENTALS399.50399.50500.00500.00100.5079.9 101-41950-101CABLE SALARIES1,600.001,661.143,600.003,600.001,938.8646.1 101-41950-122FICA CONTRIBUTIONS122.40127.08225.00225.0097.9256.5 101-41950-125MEDICARE CONTRIBUTIONS.00.0050.0050.0050.00.0 101-41950-151WORKERS COMP. INSUR. PREM.7.006.0010.0010.004.0060.0 101-41950-210OPERATING SUPPLIES111.93.00200.00200.00200.00.0 101-41950-220REPAIR AND MAINTENANCE.00.00500.00500.00500.00.0 101-41950-300PROFESSIONAL SERVICES.0095.94.00.00( 95.94).0 101-41950-310SOFTWARE SUPPORT372.80245.20365.00365.00119.8067.2 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:04PM PAGE: 8 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 GENERAL FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT 101-42120-101POLICE SALARIES833,106.31842,036.851,384,180.001,384,180.00542,143.1560.8 101-42120-121PERA CONTRIBUTIONS135,920.42133,065.07226,740.00226,740.0093,674.9358.7 101-42120-122FICA CONTRIBUTIONS18,009.2120,088.429,655.009,655.00( 10,433.42)208.1 101-42120-123DEFERRED COMP-EMPLOYER3,983.901,666.2910,590.0010,590.008,923.7115.7 101-42120-125MEDICARE CONTRIBUTIONS.00.0019,280.0019,280.0019,280.00.0 101-42120-130H S A- EMPLOYER CONTRIBUTION30,250.7531,579.6733,600.0033,600.002,020.3394.0 101-42120-131HEALTH INSURANCE148,769.06151,686.40290,400.00290,400.00138,713.6052.2 101-42120-132DENTAL INSURANCE6,923.426,389.4120,280.0020,280.0013,890.5931.5 101-42120-133LIFE INSURANCE843.48766.831,140.001,140.00373.1767.3 101-42120-134DISABILTY INSURANCE9,103.868,648.1313,125.0013,125.004,476.8765.9 101-42120-151WORKERS COMP. INSUR. PREM.63,087.0066,831.0076,985.0076,985.0010,154.0086.8 101-42120-171CLOTHING ALLOWANCE4,950.644,404.209,400.009,400.004,995.8046.9 101-42120-200OFFICE SUPPLIES76.954.27400.00400.00395.731.1 101-42120-201POSTAGE408.75294.96920.00920.00625.0432.1 101-42120-210OPERATING SUPPLIES3,560.645,314.246,000.006,000.00685.7688.6 101-42120-211AWAIRE SUPPLIES.0042.50500.00500.00457.508.5 101-42120-214SMALL TOOL & MINOR EQUIPMENT346.77.00300.00300.00300.00.0 101-42120-220REPAIR AND MAINTENANCE.00184.00200.00200.0016.0092.0 101-42120-300PROFESSIONAL SERVICES12,431.2110,890.2319,000.0019,000.008,109.7757.3 101-42120-304LEGAL FEES22,775.0026,677.5048,500.0048,500.0021,822.5055.0 101-42120-307COMMUNITY POLICING PROGRAMS648.81.001,200.001,200.001,200.00.0 101-42120-310SOFTWARE SUPPORT13,246.9317,946.1623,455.0023,455.005,508.8476.5 101-42120-314SAFETY PROGRAM265.171,415.212,145.002,145.00729.7966.0 101-42120-331TRAVEL & CONFERENCE EXPENSE587.96183.621,500.001,500.001,316.3812.2 101-42120-350PRINTING316.47405.96900.00900.00494.0445.1 101-42120-361GENERAL LIABILITY INSURANCE46,987.3946,315.4951,740.0051,740.005,424.5189.5 101-42120-410RENTALS120.00145.20340.00340.00194.8042.7 101-42120-433DUES & MEMBERSHIPS376.00399.201,050.001,050.00650.8038.0 101-42120-436FORFEITURE EXPENDITURES85.002,641.14500.00500.00( 2,141.14)528.2 101-42120-441SALES & USE TAX41.21.00200.00200.00200.00.0 101-42120-446LICENSE20.25.00250.00250.00250.00.0 101-42140-210OPERATING SUPPLIES.005,432.278,000.008,000.002,567.7367.9 101-42140-300PROFESSIONAL SERVICES4,380.005,960.187,000.007,000.001,039.8285.2 101-42140-331TRAVEL & CONFERENCE EXPENSE2,760.002,935.215,000.005,000.002,064.7958.7 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:04PM PAGE: 9 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 GENERAL FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT 101-42151-210OPERATING SUPPLIES.00260.00100.00100.00( 160.00)260.0 101-42151-220TELEPHONE/RADIO REPAIR/MAINT500.00.00750.00750.00750.00.0 101-42151-320COMMUNICATION SUPPORT678.601,302.001,500.001,500.00198.0086.8 101-42151-321TELEPHONE7,685.238,199.8314,965.0014,965.006,765.1754.8 101-42152-205MOTOR FUEL16,215.8314,684.4929,925.0029,925.0015,240.5149.1 101-42152-230VEHICLE REPAIR & MAINTENANCE9,892.254,624.2136,000.0036,000.0031,375.7912.9 101-42152-446LICENSE42.9271.3850.0050.00( 21.38)142.8 101-42401-300PROFESSIONAL SERVICES51,025.0066,500.00102,250.00102,250.0035,750.0065.0 101-42401-310SOFTWARE SUPPORT1,208.721,497.012,940.002,940.001,442.9950.9 101-42401-438STATE SURCHARGE1,150.002,369.165,000.005,000.002,630.8447.4 101-42500-220REPAIR AND MAINTENANCE.00.00500.00500.00500.00.0 101-42500-300PROFESSIONAL SERVICES1,270.00900.001,500.001,500.00600.0060.0 101-42500-326FIRE SIREN56.0454.28115.00115.0060.7247.2 101-42500-331TRAVEL & CONFERENCE EXPENSE.00.001,300.001,300.001,300.00.0 101-42500-433DUES & MEMBERSHIPS.00.00200.00200.00200.00.0 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:04PM PAGE: 10 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 GENERAL FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT 101-43120-101STREET SALARIES123,038.16138,609.79154,435.00154,435.0015,825.2189.8 101-43120-121PERA CONTRIBUTIONS8,604.649,704.8610,525.0010,525.00820.1492.2 101-43120-122FICA CONTRIBUTIONS8,933.7910,235.939,300.009,300.00( 935.93)110.1 101-43120-123DEFERRED COMP-EMPLOYER61.62( 206.49)260.00260.00466.49( 79.4) 101-43120-125MEDICARE CONTRIBUTIONS.00.002,175.002,175.002,175.00.0 101-43120-130H S A- EMPLOYER CONTRIBUTION6,878.206,976.476,270.006,270.00( 706.47)111.3 101-43120-131HEALTH INSURANCE25,581.9529,547.1932,520.0032,520.002,972.8190.9 101-43120-132DENTAL INSURANCE1,551.711,709.692,320.002,320.00610.3173.7 101-43120-133LIFE INSURANCE126.01139.37130.00130.00( 9.37)107.2 101-43120-134DISABILTY INSURANCE1,750.721,974.241,415.001,415.00( 559.24)139.5 101-43120-151WORKERS COMP. INSUR. PREM.12,201.007,774.0014,340.0014,340.006,566.0054.2 101-43120-171CLOTHING ALLOWANCE424.32390.171,985.001,985.001,594.8319.7 101-43120-200OFFICE SUPPLIES89.9616.99300.00300.00283.015.7 101-43120-201POSTAGE.0083.35200.00200.00116.6541.7 101-43120-205MOTOR FUEL4,021.404,398.885,550.005,550.001,151.1279.3 101-43120-210OPERATING SUPPLIES4,407.434,170.8210,000.0010,000.005,829.1841.7 101-43120-214SMALL TOOL & MINOR EQUIPMENT122.831,201.801,200.001,200.00( 1.80)100.2 101-43120-220REPAIR AND MAINTENANCE1,445.12637.787,500.007,500.006,862.228.5 101-43120-230VEHICLE REPAIR & MAINTENANCE2,638.822,505.2410,000.0010,000.007,494.7625.1 101-43120-300PROFESSIONAL SERVICES9,416.002,393.0010,000.0010,000.007,607.0023.9 101-43120-310SOFTWARE SUPPORT1,600.391,748.942,425.002,425.00676.0672.1 101-43120-314SAFETY PROGRAM931.87290.761,395.001,395.001,104.2420.8 101-43120-321TELEPHONE972.06774.611,715.001,715.00940.3945.2 101-43120-331TRAVEL & CONFERENCE EXPENSE56.09436.98250.00250.00( 186.98)174.8 101-43120-361GENERAL LIABILITY INSURANCE8,363.1612,504.9912,815.0012,815.00310.0197.6 101-43120-381ELECTRIC UTILITIES739.26800.141,430.001,430.00629.8656.0 101-43120-383GAS UTILITIES853.951,333.931,760.001,760.00426.0775.8 101-43120-433DUES & MEMBERSHIPS136.75141.50135.00135.00( 6.50)104.8 101-43120-441SALES & USE TAX.00171.34.00.00( 171.34).0 101-43120-446LICENSE171.0610.30200.00200.00189.705.2 101-43120-530SEAL COATING/CRACK FILLING.0028,292.00120,000.00120,000.0091,708.0023.6 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:04PM PAGE: 11 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 GENERAL FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT 101-43125-101ICE & SNOW REMOVAL SALARIES21,246.4132,401.3980,430.0080,430.0048,028.6140.3 101-43125-121PERA CONTRIBUTIONS1,499.892,391.195,085.005,085.002,693.8147.0 101-43125-122FICA CONTRIBUTIONS1,549.102,377.704,860.004,860.002,482.3048.9 101-43125-125MEDICARE CONTRIBUTIONS.00.001,135.001,135.001,135.00.0 101-43125-130H S A- EMPLOYER CONTRIBUTION.00.003,095.003,095.003,095.00.0 101-43125-131HEALTH INSURANCE.00.0015,030.0015,030.0015,030.00.0 101-43125-132DENTAL INSURANCE.00.001,085.001,085.001,085.00.0 101-43125-133LIFE INSURANCE20.257.5560.0060.0052.4512.6 101-43125-134DISABILTY INSURANCE69.7569.75680.00680.00610.2510.3 101-43125-205MOTOR FUEL1,800.042,580.786,785.006,785.004,204.2238.0 101-43125-210OPERATING SUPPLIES28,448.1636,238.6260,000.0060,000.0023,761.3860.4 101-43125-220REPAIR AND MAINTENANCE221.96.00.00.00.00.0 101-43125-230VEHICLE REPAIR & MAINTENANCE9,410.8315,180.0915,000.0015,000.00( 180.09)101.2 101-43125-300PROFESSIONAL SERVICES4,796.45.00.00.00.00.0 101-43125-331TRAVEL & CONFERENCE EXPENSE3.05.00.00.00.00.0 101-43131-303ENGINEERING FEE43,208.8739,022.2645,000.0045,000.005,977.7486.7 101-43201-200OFFICE SUPPLIES100.51217.27300.00300.0082.7372.4 101-43201-210OPERATING SUPPLIES7,104.395,903.537,500.007,500.001,596.4778.7 101-43201-214SMALL TOOL & MINOR EQUIPMENT1,990.831,095.612,500.002,500.001,404.3943.8 101-43201-220REPAIR AND MAINTENANCE2,688.062,675.195,500.005,500.002,824.8148.6 101-43201-300PROFESSIONAL SERVICES.001,099.581,000.001,000.00( 99.58)110.0 101-43201-321TELEPHONE2,853.443,120.244,220.004,220.001,099.7673.9 101-43201-381ELECTRIC UTILITIES6,908.246,971.3211,810.0011,810.004,838.6859.0 101-43201-383GAS UTILITIES4,486.668,119.769,130.009,130.001,010.2488.9 101-43201-410RENTALS120.00138.60240.00240.00101.4057.8 101-43220-101SALARIES7,174.086,180.3016,765.0016,765.0010,584.7036.9 101-43220-121PERA CONTRIBUTIONS526.75453.431,245.001,245.00791.5736.4 101-43220-122FICA CONTRIBUTIONS534.57462.061,000.001,000.00537.9446.2 101-43220-125MEDICARE CONTRIBUTIONS.00.00235.00235.00235.00.0 101-43220-130H S A- EMPLOYER CONTRIBUTION.00.00745.00745.00745.00.0 101-43220-131HEALTH INSURANCE.00.004,020.004,020.004,020.00.0 101-43220-132DENTAL INSURANCE.00.00290.00290.00290.00.0 101-43220-133LIFE INSURANCE6.877.3115.0015.007.6948.7 101-43220-134DISABILTY INSURANCE34.9234.92170.00170.00135.0820.5 101-43220-205MOTOR FUEL.0019.99500.00500.00480.014.0 101-43220-230VEHICLE REPAIR & MAINTENANCE1,571.342,598.012,500.002,500.00( 98.01)103.9 101-43220-331TRAVEL & CONFERENCE EXPENSE1.52.00.00.00.00.0 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:04PM PAGE: 12 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 GENERAL FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT 101-45123-101WARMING HOUSE SALARIES70.006,410.748,365.008,365.001,954.2676.6 101-45123-122FICA CONTRIBUTIONS5.36490.42520.00520.0029.5894.3 101-45123-125MEDICARE CONTRIBUTIONS.00.00120.00120.00120.00.0 101-45123-151WORKERS COMP. INSUR. PREM.354.00243.00405.00405.00162.0060.0 101-45123-220REPAIR AND MAINTENANCE.00.00500.00500.00500.00.0 101-45123-381ELECTRIC UTILITIES390.29610.75285.00285.00( 325.75)214.3 101-45123-383GAS UTILITIES238.82240.96930.00930.00689.0425.9 101-45125-210OPERATING SUPPLIES702.80.00750.00750.00750.00.0 101-45125-220REPAIR AND MAINTENANCE.0057.311,500.001,500.001,442.693.8 101-45125-300PROFESSIONAL SERVICES.002,450.00.00.00( 2,450.00).0 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:04PM PAGE: 13 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 GENERAL FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT 101-45202-101PARK SALARIES173,660.67184,843.70211,495.00211,495.0026,651.3087.4 101-45202-121PERA CONTRIBUTIONS11,234.1212,356.1414,545.0014,545.002,188.8685.0 101-45202-122FICA CONTRIBUTIONS12,608.1213,593.0912,700.0012,700.00( 893.09)107.0 101-45202-123DEFERRED COMP-EMPLOYER61.62( 144.28)360.00360.00504.28( 40.1) 101-45202-125MEDICARE CONTRIBUTIONS.00.002,970.002,970.002,970.00.0 101-45202-130H S A- EMPLOYER CONTRIBUTION5,392.145,608.838,605.008,605.002,996.1765.2 101-45202-131HEALTH INSURANCE18,994.2122,566.8245,630.0045,630.0023,063.1849.5 101-45202-132DENTAL INSURANCE1,121.671,284.523,260.003,260.001,975.4839.4 101-45202-133LIFE INSURANCE130.85178.82185.00185.006.1896.7 101-45202-134DISABILTY INSURANCE1,365.321,572.571,955.001,955.00382.4380.4 101-45202-151WORKERS COMP. INSUR. PREM.7,746.007,577.009,675.009,675.002,098.0078.3 101-45202-171CLOTHING ALLOWANCE418.40387.391,560.001,560.001,172.6124.8 101-45202-200OFFICE SUPPLIES73.97.00300.00300.00300.00.0 101-45202-201POSTAGE.0083.35.00.00( 83.35).0 101-45202-205MOTOR FUEL3,893.704,576.915,560.005,560.00983.0982.3 101-45202-210OPERATING SUPPLIES11,126.378,027.6125,000.0025,000.0016,972.3932.1 101-45202-214SMALL TOOL & MINOR EQUIPMENT415.98302.951,000.001,000.00697.0530.3 101-45202-220REPAIR AND MAINTENANCE17,172.8513,222.4715,000.0015,000.001,777.5388.2 101-45202-230VEHICLE REPAIR & MAINTENANCE8,090.715,576.008,500.008,500.002,924.0065.6 101-45202-300PROFESSIONAL SERVICES14,624.0618,816.5820,000.0020,000.001,183.4294.1 101-45202-310SOFTWARE SUPPORT1,600.391,748.943,275.003,275.001,526.0653.4 101-45202-314SAFETY PROGRAM995.37373.541,395.001,395.001,021.4626.8 101-45202-321TELEPHONE2,008.351,894.873,670.003,670.001,775.1351.6 101-45202-331TRAVEL & CONFERENCE EXPENSE7.616.9050.0050.0043.1013.8 101-45202-361GENERAL LIABILITY INSURANCE24,171.0321,475.5423,765.0023,765.002,289.4690.4 101-45202-381ELECTRIC UTILITIES4,187.335,984.239,870.009,870.003,885.7760.6 101-45202-383GAS UTILITIES2,542.151,632.945,015.005,015.003,382.0632.6 101-45202-410RENTALS.00178.67.00.00( 178.67).0 101-45202-433DUES & MEMBERSHIPS136.75141.50135.00135.00( 6.50)104.8 101-45202-441SALES & USE TAX1,784.252.182,200.002,200.002,197.82.1 101-45202-446LICENSE90.068.00100.00100.0092.008.0 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:04PM PAGE: 14 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 GENERAL FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT 101-45204-101RECREATION SALARIES26,686.3727,875.3860,720.0060,720.0032,844.6245.9 101-45204-121PERA CONTRIBUTIONS1,899.121,806.83110.00110.00( 1,696.83)1642.6 101-45204-122FICA CONTRIBUTIONS2,041.562,132.483,765.003,765.001,632.5256.6 101-45204-125MEDICARE CONTRIBUTIONS.00.00880.00880.00880.00.0 101-45204-151WORKERS COMP. INSUR. PREM.828.00539.00975.00975.00436.0055.3 101-45204-171CLOTHING ALLOWANCE97.5443.00300.00300.00257.0014.3 101-45204-200OFFICE SUPPLIES169.0960.05200.00200.00139.9530.0 101-45204-201POSTAGE208.12.00300.00300.00300.00.0 101-45204-210OPERATING SUPPLIES713.99110.32750.00750.00639.6814.7 101-45204-213CONCESSIONS333.30375.57350.00350.00( 25.57)107.3 101-45204-220REPAIR AND MAINTENANCE271.33321.72500.00500.00178.2864.3 101-45204-300PROFESSIONAL SERVICES1,415.222,337.671,200.001,200.00( 1,137.67)194.8 101-45204-308COMMUNITY PROGRAMS6,040.494,992.557,000.007,000.002,007.4571.3 101-45204-310SOFTWARE SUPPORT893.003,704.458,450.008,450.004,745.5543.8 101-45204-321TELEPHONE416.96286.72505.00505.00218.2856.8 101-45204-328MARKETING465.14318.981,500.001,500.001,181.0221.3 101-45204-331TRAVEL & CONFERENCE EXPENSE420.0050.001,200.001,200.001,150.004.2 101-45204-340ADVERTISING.00.00300.00300.00300.00.0 101-45204-350PRINTING.00.0050.0050.0050.00.0 101-45204-433DUES & MEMBERSHIPS310.00335.00310.00310.00( 25.00)108.1 101-45204-441SALES & USE TAX582.0386.81500.00500.00413.1917.4 101-49300-720TRANSFERS TO OTHER FUNDS.007,000.00.00.00( 7,000.00).0 102-41430-110SEVERANCE PAYMENT.001,959.30.00.00( 1,959.30).0 102-43120-110SEVERANCE PAYMENT11,325.90.00.00.00.00.0 102-45202-110SEVERANCE PAYMENT11,325.90.00.00.00.00.0 104-42120-580OTHER EQUIPMENT22,200.00.00.00.00.00.0 104-45202-531PARK DEVELOPMENT105,036.23.00.00.00.00.0 106-42120-550MOTOR VEHICLES55,020.6834,988.81.00.00( 34,988.81).0 106-42120-580OTHER EQUIPMENT36,022.6924,582.72.00.00( 24,582.72).0 106-42220-580OTHER EQUIPMENT40,000.00.00.00.00.00.0 106-42280-220REPAIRS AND MAINTENANCE.00.0075,000.0075,000.0075,000.00.0 108-41950-580OTHER EQUIPMENT14,428.39.005,500.005,500.005,500.00.0 109-41430-570OFFICE EQUIPMENT.008,493.944,000.004,000.00( 4,493.94)212.4 109-41430-581COMPUTER HARDWARE961.27.006,000.006,000.006,000.00.0 109-41430-582COMPUTER SOFTWARE6,011.606,000.002,500.002,500.00( 3,500.00)240.0 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:04PM PAGE: 15 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 GENERAL CAPITAL OUTLAY PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT 109-42120-220POLICE REPAIR AND MAINTENANCE.00.0030,000.0030,000.0030,000.00.0 109-42120-520BUILDINGS & STRUCTURES.00.002,500.002,500.002,500.00.0 109-42120-580OTHER EQUIPMENT.00.0012,550.0012,550.0012,550.00.0 109-42151-580OTHER EQUIPMENT.00.007,585.007,585.007,585.00.0 109-42152-550MOTOR VEHICLES.0041,519.0810,000.0010,000.00( 31,519.08)415.2 109-42152-580OTHER EQUIPMENT.0019,186.1014,100.0014,100.00( 5,086.10)136.1 109-42152-581COMPUTER HARDWARE.00.001,000.001,000.001,000.00.0 109-42500-580OTHER EQUIPMENT.00.001,500.001,500.001,500.00.0 109-43120-550MOTOR VEHICLES.00.003,500.00( 12,682.56)( 12,682.56).0 109-43120-580OTHER EQUIPMENT.00.004,500.004,500.004,500.00.0 109-43120-582COMPUTER SOFTWARE.00.00250.00250.00250.00.0 109-43125-580OTHER EQUIPMENT28,214.99.0046,500.0046,500.0046,500.00.0 109-43201-520BUILDINGS & STRUCTURES.00.0012,500.0012,500.0012,500.00.0 109-43201-580OTHER EQUIPMENT1,409.877,420.348,250.008,250.00829.6689.9 109-43220-580OTHER EQUIPMENT.00.006,000.006,000.006,000.00.0 IMPROVEMENTS OTHER THAN BLDG109-45202-530.00.0028,000.0028,000.0028,000.00.0 109-45202-550MOTOR VEHICLES.00.003,500.00( 12,682.56)( 12,682.56).0 109-45202-580OTHER EQUIPMENT60,348.382,150.0028,900.0028,900.0026,750.007.4 109-49300-720TRANSFERS TO OTHER FUNDS.0032,365.12.00.00( 32,365.12).0 110-41430-300PROFESSIONAL SERVICES27,060.8620,149.4020,000.0020,000.00( 149.40)100.8 110-41942-300PROFESSIONAL SERVICES.00.002,000.002,000.002,000.00.0 110-42120-300PROFESSIONAL SERVICES.007,603.552,000.002,000.00( 5,603.55)380.2 110-42120-520BUILDINGS & STRUCTURES.00500,029.16.00.00( 500,029.16).0 110-42120-580OTHER EQUIPMENT.004,406.10.00.00( 4,406.10).0 110-43120-300PROFESSIONAL SERVICES.00.002,000.002,000.002,000.00.0 IMPROVEMENTS OTHER THAN BLDG110-43120-530.00128,797.54.00.00( 128,797.54).0 110-43201-220REPAIR AND MAINTENANCE.00900.00.00.00( 900.00).0 110-43201-520BUILDINGS & STRUCTURES.002,495.35200,000.00200,000.00197,504.651.3 110-43201-580OTHER EQUIPMENT8,256.10468.5310,000.0010,000.009,531.474.7 110-45202-300PROFESSIONAL SERVICES.00.0022,000.0022,000.0022,000.00.0 IMPROVEMENTS OTHER THAN BLDG110-45202-530( 86,793.82)42,223.61.00.00( 42,223.61).0 110-45205-300PROFESSIONAL SERVICES105,225.00.00.00.00.00.0 110-49300-720TRANSFERS TO OTHER FUNDS120,000.0024,850.0013,500.0013,500.00( 11,350.00)184.1 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:04PM PAGE: 16 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 SEGTITLE\[F FUND\]} PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT TOTAL GENERAL FUND EXPENDITUR 3,598,575.594,087,136.115,620,525.005,588,159.881,501,023.7773.1 NET REVENUE OVER EXPENDITURES( 714,732.78)( 1,131,997.24)( 215,775.00)( 183,409.88)948,587.36(617.2) FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:04PM PAGE: 17 CITYOFSTJOSEPH BALANCESHEET AUGUST31, 2025 FUND 601 - WATER FUND ASSETS 601-10199CASH1,504,859.01 601-10500ACCOUNTS RECEIVABLE220,513.33 601-12100SPECIAL ASSESSMENTS RECEIVABLE25,811.49 601-16100LAND372,941.34 601-16200BUILDING7,502,432.35 601-16210ACCUMULATED DEPR. BUILDING( 3,278,314.58) 601-16300TREATMENT PLANT & LINE11,624,002.57 601-16305IMPROVEMENTS NOT BUILDINGS315,192.96 601-16310ACCUMULATED DEPR. PLANT & LINE( 4,625,709.94) 601-16315ACCUM DEPN - IMPROVE NOT BLDGS( 103,959.40) 601-16400MACHINERY & EQUIPMENT331,450.33 601-16410ACCUMULATED DEPR. MACH & EQUIP( 234,811.87) 601-16500CONSTRUCTION IN PROGRESS58,854.47 TOTAL ASSETS13,713,262.06 LIABILITIES AND EQUITY LIABILITIES 601-20200ACCOUNTS PAYABLE2,920.14 601-22500BONDS PAYABLE -CURRENT PORTION555,000.00 601-22530REVENUE BONDS PAYABLE560,000.00 601-22840NET PENSION LIABILITY98,491.00 601-23200UNAMORTIZED BOND PREMIUM47,700.00 TOTAL LIABILITIES1,264,111.14 FUND EQUITY 601-25310UNASSIGNED FUND BALANCE4,476,659.34 601-26100CONTRIB. FROM DEVELOPERS1,488,015.21 601-26140CONTRIB. FROM CAPITAL FUNDS6,336,429.14 REVENUE OVER EXPENDITURES - YTD148,047.23 TOTAL FUND EQUITY12,449,150.92 TOTAL LIABILITIES AND EQUITY13,713,262.06 CITY OF ST JOSEPH REVENUES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 WATER FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETCURRENT BUDGETUNEARNEDPCNT UTILITIES REVENUE 601-00000-31010CURRENT AD VALOREM TAXES.17.60.00.00( .60).0 601-00000-31320STATE SALES TAX3,807.413,087.11.00.00( 3,087.11).0 601-00000-34221WATER TOWER ANTENNA LEASE14,967.3115,416.3123,210.0023,210.007,793.6966.4 601-00000-36100SPECIAL ASSESSMENTS( 579.59)( 995.09)500.00500.001,495.09(199.0) 601-00000-36210INTEREST EARNINGS53,024.9646,652.4025,000.0025,000.00( 21,652.40)186.6 601-00000-36300REIMBURSEMENT1,784.58.00.00.00.00.0 601-00000-37110USAGE RATE499,425.79511,025.33826,445.00826,445.00315,419.6761.8 601-00000-37111BULK WATER856.86610.61750.00750.00139.3981.4 601-00000-37115UNDESIGNATED FUNDS( 412.96)120.00.00.00( 120.00).0 601-00000-37150CONNECTION/RECONNECTION FEES1,200.00750.001,000.001,000.00250.0075.0 601-00000-37160PENALTIES AND FORFEITED DISC3,255.814,187.792,500.002,500.00( 1,687.79)167.5 601-00000-37171WATER METER4,874.0015,801.002,500.002,500.00( 13,301.00)632.0 601-00000-37180WATER FIXED CHARGE238,843.78246,558.06391,800.00391,800.00145,241.9462.9 601-00000-37181MDS TEST FEE12,001.0112,085.6119,000.0019,000.006,914.3963.6 601-00000-39201TRANSFERS FROM OTHER FUNDS5,000.0021,182.56150,000.00150,000.00128,817.4414.1 TOTAL UTILITIES REVENUE838,049.13876,482.291,442,705.001,442,705.00566,222.7160.8 TOTAL FUND REVENUE838,049.13876,482.291,442,705.001,442,705.00566,222.7160.8 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:12PM PAGE: 1 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 WATER FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT BOND PAYMENT (P & I) 601-47100-413LEASE PAYMENTS5,800.005,800.005,800.005,800.00.00100.0 601-47100-600DEBT SERVICE - PRINCIPAL.00.00555,000.00555,000.00555,000.00.0 601-47100-611BOND INTEREST27,708.0016,296.00115,000.00115,000.0098,704.0014.2 601-47100-620AGENT FEES720.00.00720.00720.00720.00.0 TOTAL BOND PAYMENT (P & I)34,228.0022,096.00676,520.00676,520.00654,424.003.3 OTHER FINANCING USES 601-49300-710LOSS ON DISPOSAL OF ASSETS.00.00( 500.00)( 500.00)( 500.00).0 601-49300-720TRANSFERS TO OTHER FUNDS5,460.006,865.006,865.006,865.00.00100.0 TOTAL OTHER FINANCING USES5,460.006,865.006,365.006,365.00( 500.00)107.9 POWER AND PUMPING 601-49410-220REPAIR AND MAINTENANCE22.992,900.007,500.007,500.004,600.0038.7 601-49410-300PROFESSIONAL SERVICES517.501,111.4325,000.0025,000.0023,888.574.5 601-49410-381ELECTRIC UTILITIES2,788.433,977.928,085.008,085.004,107.0849.2 601-49410-383GAS UTILITIES612.71864.721,240.001,240.00375.2869.7 TOTAL POWER AND PUMPING3,941.638,854.0741,825.0041,825.0032,970.9321.2 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:12PM PAGE: 2 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 WATER FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT PURIFICATION-PLANT 1 601-49420-210OPERATING SUPPLIES4,988.2812,616.0118,000.0018,000.005,383.9970.1 601-49420-220REPAIR AND MAINTENANCE1,703.175,565.3537,400.0037,400.0031,834.6514.9 601-49420-300PROFESSIONAL SERVICES943.003,119.971,200.001,200.00( 1,919.97)260.0 601-49420-310SOFTWARE SUPPORT.00202.79175.00175.00( 27.79)115.9 601-49420-312TESTS2,275.002,135.003,800.003,800.001,665.0056.2 601-49420-321TELEPHONE2,853.443,120.244,220.004,220.001,099.7673.9 601-49420-381ELECTRIC UTILITIES5,189.387,144.9414,075.0014,075.006,930.0650.8 601-49420-383GAS UTILITIES1,067.021,428.511,895.001,895.00466.4975.4 601-49420-580OTHER EQUIPMENT2,332.00.0051,500.0051,500.0051,500.00.0 TOTAL PURIFICATION-PLANT 121,351.2935,332.81132,265.00132,265.0096,932.1926.7 PURIFICATION-PLANT 2 601-49421-210OPERATING SUPPLIES12,869.1412,910.0028,000.0028,000.0015,090.0046.1 601-49421-214SMALL TOOL & MINOR EQUIPMENT265.94.00500.00500.00500.00.0 601-49421-220REPAIR AND MAINTENANCE5,082.068,950.4430,000.0030,000.0021,049.5629.8 601-49421-300PROFESSIONAL SERVICES2,908.333,492.0045,000.0045,000.0041,508.007.8 601-49421-310SOFTWARE SUPPORT.00.00175.00175.00175.00.0 601-49421-321TELEPHONE3,533.433,800.265,240.005,240.001,439.7472.5 601-49421-381ELECTRIC UTILITIES17,937.5922,462.5350,530.0050,530.0028,067.4744.5 601-49421-383GAS UTILITIES4,589.786,054.5610,165.0010,165.004,110.4459.6 601-49421-580OTHER EQUIPMENT.00.0075,000.0075,000.0075,000.00.0 TOTAL PURIFICATION-PLANT 247,186.2757,669.79244,610.00244,610.00186,940.2123.6 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:12PM PAGE: 3 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 WATER FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT DISTRIBUTION 601-49430-210OPERATING SUPPLIES270,477.10281,095.46290,000.00290,000.008,904.5496.9 601-49430-220REPAIR AND MAINTENANCE8,713.286,867.837,500.007,500.00632.1791.6 601-49430-300PROFESSIONAL SERVICES5,776.8855,131.1481,500.0081,500.0026,368.8667.7 TOTAL DISTRIBUTION284,967.26343,094.43379,000.00379,000.0035,905.5790.5 WELLHEAD PROTECTION 601-49434-303ENGINEERING FEE.00.003,000.003,000.003,000.00.0 TOTAL WELLHEAD PROTECTION.00.003,000.003,000.003,000.00.0 STORAGE-TOWER 1 601-49435-220REPAIR AND MAINTENANCE.00.002,500.002,500.002,500.00.0 601-49435-300PROFESSIONAL SERVICES.00.00300.00300.00300.00.0 601-49435-321TELEPHONE2,573.442,840.243,800.003,800.00959.7674.7 601-49435-381ELECTRIC UTILITIES1,940.652,114.514,515.004,515.002,400.4946.8 IMPROVEMENTS OTHER THAN BLDG601-49435-530.00.0040,000.0040,000.0040,000.00.0 TOTAL STORAGE-TOWER 14,514.094,954.7551,115.0051,115.0046,160.259.7 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:12PM PAGE: 4 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 WATER FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT WATER MAINTENANCE 601-49440-101WATER DEPT SALARIES70,453.1457,276.47181,460.00181,460.00124,183.5331.6 601-49440-121PERA CONTRIBUTIONS4,577.579,913.1813,420.0013,420.003,506.8273.9 601-49440-122FICA CONTRIBUTIONS4,421.534,028.1710,860.0010,860.006,831.8337.1 601-49440-123DEFERRED COMP-EMPLOYER246.46( 234.98)950.00950.001,184.98( 24.7) 601-49440-125MEDICARE CONTRIBUTIONS.00.002,540.002,540.002,540.00.0 601-49440-130H S A- EMPLOYER CONTRIBUTION4,088.023,976.678,260.008,260.004,283.3348.1 601-49440-131HEALTH INSURANCE13,348.8815,167.5737,380.0037,380.0022,212.4340.6 601-49440-132DENTAL INSURANCE876.18967.982,750.002,750.001,782.0235.2 601-49440-133LIFE INSURANCE115.20136.37155.00155.0018.6388.0 601-49440-134DISABILTY INSURANCE1,112.831,239.211,775.001,775.00535.7969.8 601-49440-151WORKERS COMP. INSUR. PREM.3,812.003,028.004,480.004,480.001,452.0067.6 601-49440-171CLOTHING ALLOWANCE737.62726.051,170.001,170.00443.9562.1 601-49440-200OFFICE SUPPLIES90.74179.98200.00200.0020.0290.0 601-49440-201POSTAGE1,147.261,319.0450.0050.00( 1,269.04)2638.1 601-49440-205MOTOR FUEL4,110.374,991.276,160.006,160.001,168.7381.0 601-49440-210OPERATING SUPPLIES866.10806.382,000.002,000.001,193.6240.3 601-49440-214SMALL TOOL & MINOR EQUIPMENT861.03542.091,500.001,500.00957.9136.1 601-49440-220REPAIR AND MAINTENANCE15,742.3934,874.7020,000.0020,000.00( 14,874.70)174.4 601-49440-230VEHICLE REPAIR & MAINTENANCE1,301.841,376.962,500.002,500.001,123.0455.1 601-49440-300PROFESSIONAL SERVICES8,562.6412,832.5010,000.0010,000.00( 2,832.50)128.3 601-49440-303ENGINEERING FEE176.251,828.001,500.001,500.00( 328.00)121.9 601-49440-310SOFTWARE SUPPORT329.12132.75175.00175.0042.2575.9 601-49440-314SAFETY PROGRAM400.26599.981,395.001,395.00795.0243.0 601-49440-319GOPHER STATE NOTIFICATION291.62380.05750.00750.00369.9550.7 601-49440-321TELEPHONE923.21876.311,200.001,200.00323.6973.0 601-49440-331TRAVEL & CONFERENCE EXPENSE440.25712.601,000.001,000.00287.4071.3 601-49440-361GENERAL LIABILITY INSURANCE25,420.1626,053.5427,600.0027,600.001,546.4694.4 601-49440-433DUES & MEMBERSHIPS1,059.321,291.301,015.001,015.00( 276.30)127.2 601-49440-437REAL ESTATE TAXES.00324.00675.00675.00351.0048.0 601-49440-442WATER PERMIT3,646.542,590.223,750.003,750.001,159.7869.1 601-49440-444ANNUAL WATER CONNECTION FEE13,536.0013,625.0018,500.0018,500.004,875.0073.7 601-49440-446LICENSE115.9433.20200.00200.00166.8016.6 601-49440-550MOTOR VEHICLES.0020,873.543,500.0019,682.56( 1,190.98)106.1 601-49440-580OTHER EQUIPMENT.00.009,750.009,750.009,750.00.0 601-49440-581COMPUTER HARDWARE.00.00750.00750.00750.00.0 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:12PM PAGE: 5 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 WATER FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT TOTAL WATER MAINTENANCE182,810.47222,468.10379,370.00395,552.56173,084.4656.2 WATER GENERAL ADMINISTRATION 601-49490-101WATER ADMIN SALARIES9,459.2910,143.0720,855.0020,855.0010,711.9348.6 601-49490-121PERA CONTRIBUTIONS707.07832.531,565.001,565.00732.4753.2 601-49490-122FICA CONTRIBUTIONS672.48765.451,255.001,255.00489.5561.0 601-49490-125MEDICARE CONTRIBUTIONS.00.00295.00295.00295.00.0 601-49490-130H S A- EMPLOYER CONTRIBUTION240.00480.00600.00600.00120.0080.0 601-49490-131HEALTH INSURANCE1,105.002,618.345,250.005,250.002,631.6649.9 601-49490-132DENTAL INSURANCE69.36141.61360.00360.00218.3939.3 601-49490-133LIFE INSURANCE11.9711.9720.0020.008.0359.9 601-49490-134DISABILTY INSURANCE134.19137.52215.00215.0077.4864.0 601-49490-151WORKERS COMP. INSUR. PREM.82.0055.0095.0095.0040.0057.9 601-49490-171CLOTHING ALLOWANCE.00.0015.0015.0015.00.0 601-49490-200OFFICE SUPPLIES22.3766.63150.00150.0083.3744.4 601-49490-201POSTAGE1,841.612,105.912,550.002,550.00444.0982.6 601-49490-210OPERATING SUPPLIES1,351.511,126.641,750.001,750.00623.3664.4 601-49490-300PROFESSIONAL SERVICES.003,742.504,000.004,000.00257.5093.6 601-49490-310SOFTWARE SUPPORT2,599.933,538.644,850.004,850.001,311.3673.0 601-49490-317OTHER FEES.00.0015.0015.0015.00.0 601-49490-331TRAVEL & CONFERENCE EXPENSE93.0984.17250.00250.00165.8333.7 601-49490-340ADVERTISING.00112.12.00.00( 112.12).0 601-49490-410RENTALS550.21712.94500.00500.00( 212.94)142.6 601-49490-581COMPUTER HARDWARE.00425.07250.00250.00( 175.07)170.0 TOTAL WATER GENERAL ADMINISTRA 18,940.0827,100.1144,840.0044,840.0017,739.8960.4 DEPRECIATION EXPENSE 601-49970-420DEPRECIATION.00.00475,000.00475,000.00475,000.00.0 TOTAL DEPRECIATION EXPENSE.00.00475,000.00475,000.00475,000.00.0 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:12PM PAGE: 6 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 WATER FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT TOTAL FUND EXPENDITURES603,399.09728,435.062,433,910.002,450,092.561,721,657.5029.7 NET REVENUE OVER EXPENDITURES234,650.04148,047.23( 991,205.00)( 1,007,387.56)( 1,155,434.79)14.7 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:12PM PAGE: 7 CITYOFSTJOSEPH BALANCESHEET AUGUST31, 2025 FUND 602 - SEWER FUND ASSETS 602-10199CASH3,658,356.44 602-10500ACCOUNTS RECEIVABLE256,450.07 602-16100LAND4,940.50 602-16200BUILDING1,295,253.80 602-16210ACCUMULATED DEPR. BUILDING( 402,928.56) 602-16300TREATMENT PLANT & LINE9,940,907.92 602-16310ACCUMULATED DEPR. PLANT & LINE( 3,553,062.73) 602-16320INTANGIBLE ASSETS9,180,409.24 602-16330ACCUMULATED DEPR. INTANGIBLES( 3,585,353.01) 602-16400MACHINERY & EQUIPMENT736,778.71 602-16410ACCUMULATED DEPR. MACH & EQUIP( 604,021.98) 602-16500CONSTRUCTION IN PROGRESS804,029.16 TOTAL ASSETS17,731,759.56 LIABILITIES AND EQUITY LIABILITIES 602-20200ACCOUNTS PAYABLE7,002.66 602-22500BONDS PAYABLE -CURRENT PORTION130,000.00 602-22510NOTES PAYABLE -CURRENT PORTION395,299.00 602-22530REVENUE BONDS PAYABLE410,000.00 602-22540NONCURRENT NOTES PAYABLE2,609,771.00 602-22840NET PENSION LIABILITY92,888.00 602-23200UNAMORTIZED BOND PREMIUM28,230.00 TOTAL LIABILITIES3,673,190.66 FUND EQUITY 602-25310UNASSIGNED FUND BALANCE5,509,290.31 602-26120CONTRIB. FROM DEVELOPERS1,735,533.93 602-26140CONTRIB. FROM CAPITAL FUNDS6,288,285.33 REVENUE OVER EXPENDITURES - YTD525,459.33 TOTAL FUND EQUITY14,058,568.90 TOTAL LIABILITIES AND EQUITY17,731,759.56 CITY OF ST JOSEPH REVENUES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 SEWER FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT UTILITIES REVENUE 602-00000-36100SPECIAL ASSESSMENTS( 644.25)( 876.21)400.00400.001,276.21(219.1) 602-00000-36210INTEREST EARNINGS83,249.7296,456.2435,000.0035,000.00( 61,456.24)275.6 602-00000-36230CONTRIBUTIONS - GENERAL708.00639.00700.00700.0061.0091.3 602-00000-37110SANITARY SEWER USE SERVICE595,328.27616,235.64937,715.00937,715.00321,479.3665.7 602-00000-37160PENALTIES AND FORFEITED DISC4,051.825,474.323,500.003,500.00( 1,974.32)156.4 602-00000-37180SEWER FIXED CHARGE426,470.24443,799.70670,980.00670,980.00227,180.3066.1 602-00000-39201TRANSFERS FROM OTHER FUNDS.0016,182.5672,500.0072,500.0056,317.4422.3 TOTAL UTILITIES REVENUE1,109,163.801,177,911.251,720,795.001,720,795.00542,883.7568.5 TOTAL FUND REVENUE1,109,163.801,177,911.251,720,795.001,720,795.00542,883.7568.5 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:12PM PAGE: 8 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 SEWER FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT BOND PAYMENT (P & I) 602-47100-600DEBT SERVICE - PRINCIPAL.00.00130,000.00130,000.00130,000.00.0 602-47100-611BOND INTEREST( 28,484.00)5,400.0010,800.0010,800.005,400.0050.0 602-47100-620AGENT FEES365.00.00365.00365.00365.00.0 TOTAL BOND PAYMENT (P & I)( 28,119.00)5,400.00141,165.00141,165.00135,765.003.8 OTHER FINANCING USES 602-49300-720TRANSFERS TO OTHER FUNDS27,580.0029,050.0029,050.0029,050.00.00100.0 TOTAL OTHER FINANCING USES27,580.0029,050.0029,050.0029,050.00.00100.0 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:12PM PAGE: 9 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 SEWER FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT SANITARY SEWER MAINTENANCE 602-49450-101SEWER DEPT SALARIES30,432.1816,049.40176,385.00176,385.00160,335.609.1 602-49450-121PERA CONTRIBUTIONS1,638.456,814.2913,040.0013,040.006,225.7152.3 602-49450-122FICA CONTRIBUTIONS1,586.571,090.5910,550.0010,550.009,459.4110.3 602-49450-123DEFERRED COMP-EMPLOYER246.46( 219.42)950.00950.001,169.42( 23.1) 602-49450-125MEDICARE CONTRIBUTIONS.00.002,470.002,470.002,470.00.0 602-49450-130H S A- EMPLOYER CONTRIBUTION3,720.973,601.297,915.007,915.004,313.7145.5 602-49450-131HEALTH INSURANCE12,131.2513,685.1736,330.0036,330.0022,644.8337.7 602-49450-132DENTAL INSURANCE813.21894.032,680.002,680.001,785.9733.4 602-49450-133LIFE INSURANCE83.4288.48150.00150.0061.5259.0 602-49450-134DISABILTY INSURANCE1,067.281,180.621,730.001,730.00549.3868.2 602-49450-151WORKERS COMP. INSUR. PREM.4,379.002,549.005,145.005,145.002,596.0049.5 602-49450-171CLOTHING ALLOWANCE735.64726.041,205.001,205.00478.9660.3 602-49450-200OFFICE SUPPLIES60.61.00200.00200.00200.00.0 602-49450-205MOTOR FUEL4,916.405,426.666,660.006,660.001,233.3481.5 602-49450-210OPERATING SUPPLIES143.032,029.942,200.002,200.00170.0692.3 602-49450-214SMALL TOOL & MINOR EQUIPMENT447.67825.621,500.001,500.00674.3855.0 602-49450-220REPAIR AND MAINTENANCE1,471.402,614.417,500.007,500.004,885.5934.9 602-49450-230VEHICLE REPAIR & MAINTENANCE2,361.803,460.774,500.004,500.001,039.2376.9 602-49450-300PROFESSIONAL SERVICES3,887.50552.5010,000.0010,000.009,447.505.5 602-49450-303ENGINEERING FEE706.95.001,000.001,000.001,000.00.0 602-49450-310SOFTWARE SUPPORT329.12132.751,695.001,695.001,562.257.8 602-49450-321TELEPHONE889.21876.31995.00995.00118.6988.1 602-49450-331TRAVEL & CONFERENCE EXPENSE566.77362.601,000.001,000.00637.4036.3 602-49450-361GENERAL LIABILITY INSURANCE11,927.1412,298.5413,235.0013,235.00936.4692.9 602-49450-433DUES & MEMBERSHIPS819.331,039.301,250.001,250.00210.7083.1 602-49450-446LICENSE146.3756.20200.00200.00143.8028.1 IMPROVEMENTS OTHER THAN BLDG602-49450-53086.001,360.8015,000.0015,000.0013,639.209.1 602-49450-550MOTOR VEHICLES.0020,873.553,500.0019,682.56( 1,190.99)106.1 602-49450-580OTHER EQUIPMENT.00.0047,250.0047,250.0047,250.00.0 602-49450-581COMPUTER HARDWARE.00.00750.00750.00750.00.0 TOTAL SANITARY SEWER MAINTENA 85,593.7398,369.44376,985.00393,167.56294,798.1225.0 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:12PM PAGE: 10 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 SEWER FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT LIFT STATION-BAKER STREET 602-49470-220REPAIR AND MAINTENANCE1,130.121,417.402,500.002,500.001,082.6056.7 602-49470-300PROFESSIONAL SERVICES.00325.00300.00300.00( 25.00)108.3 602-49470-381ELECTRIC UTILITIES2,332.562,539.084,760.004,760.002,220.9253.3 IMPROVEMENTS OTHER THAN BLDG602-49470-530.00.002,500.002,500.002,500.00.0 TOTAL LIFT STATION-BAKER STREET3,462.684,281.4810,060.0010,060.005,778.5242.6 LIFT STATION-RIDGEWOOD/DBL 602-49471-220REPAIR AND MAINTENANCE.00.002,500.002,500.002,500.00.0 602-49471-300PROFESSIONAL SERVICES.00.00300.00300.00300.00.0 602-49471-381ELECTRIC UTILITIES2,434.121,104.351,540.001,540.00435.6571.7 602-49471-383GAS UTILITIES310.25383.65660.00660.00276.3558.1 IMPROVEMENTS OTHER THAN BLDG602-49471-530.00.002,500.002,500.002,500.00.0 TOTAL LIFT STATION-RIDGEWOOD/DB 2,744.371,488.007,500.007,500.006,012.0019.8 LIFT STATION-NORTHLAND 602-49472-220REPAIR AND MAINTENANCE27.32.002,500.002,500.002,500.00.0 602-49472-381ELECTRIC UTILITIES726.20738.711,240.001,240.00501.2959.6 IMPROVEMENTS OTHER THAN BLDG602-49472-530.00.002,500.002,500.002,500.00.0 TOTAL LIFT STATION-NORTHLAND753.52738.716,240.006,240.005,501.2911.8 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:12PM PAGE: 11 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 SEWER FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT LIFT STATION-CR 121 602-49473-220REPAIR AND MAINTENANCE31,860.05.002,500.002,500.002,500.00.0 602-49473-381ELECTRIC UTILITIES1,134.891,159.991,880.001,880.00720.0161.7 IMPROVEMENTS OTHER THAN BLDG602-49473-530.0054,194.002,500.002,500.00( 51,694.00)2167.8 TOTAL LIFT STATION-CR 12132,994.9455,353.996,880.006,880.00( 48,473.99)804.6 LIFT STATION-MAIN 602-49480-201POSTAGE83.18.00200.00200.00200.00.0 602-49480-210OPERATING SUPPLIES14,300.8113,327.3115,000.0015,000.001,672.6988.9 602-49480-220REPAIR AND MAINTENANCE1,681.986,409.715,000.005,000.00( 1,409.71)128.2 602-49480-300PROFESSIONAL SERVICES1,300.00325.008,500.008,500.008,175.003.8 602-49480-312TESTS6,052.005,838.009,500.009,500.003,662.0061.5 602-49480-321TELEPHONE2,573.492,840.273,800.003,800.00959.7374.7 602-49480-381ELECTRIC UTILITIES3,402.473,837.188,275.008,275.004,437.8246.4 602-49480-383GAS UTILITIES470.05558.02910.00910.00351.9861.3 602-49480-419SEWER USE RENTAL144,338.86186,246.41300,000.00300,000.00113,753.5962.1 602-49480-580OTHER EQUIPMENT.00.003,000.003,000.003,000.00.0 602-49480-602ST. CLOUD DEBT SERVICE202,006.28210,887.25546,275.00546,275.00335,387.7538.6 TOTAL LIFT STATION-MAIN376,209.12430,269.15900,460.00900,460.00470,190.8547.8 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:12PM PAGE: 12 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 SEWER FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT SEWER GENERAL ADMINISTRATION 602-49490-101SEWER ADMIN SALARIES9,459.2910,143.0720,855.0020,855.0010,711.9348.6 602-49490-121PERA CONTRIBUTIONS707.07832.531,565.001,565.00732.4753.2 602-49490-122FICA CONTRIBUTIONS672.47765.451,255.001,255.00489.5561.0 602-49490-125MEDICARE CONTRIBUTIONS.00.00295.00295.00295.00.0 602-49490-130H S A- EMPLOYER CONTRIBUTION240.00480.00600.00600.00120.0080.0 602-49490-131HEALTH INSURANCE1,105.002,618.345,250.005,250.002,631.6649.9 602-49490-132DENTAL INSURANCE69.36141.61360.00360.00218.3939.3 602-49490-133LIFE INSURANCE11.9711.9720.0020.008.0359.9 602-49490-134DISABILTY INSURANCE134.19137.52215.00215.0077.4864.0 602-49490-151WORKERS COMP. INSUR. PREM.82.0055.0095.0095.0040.0057.9 602-49490-171CLOTHING ALLOWANCE.00.0015.0015.0015.00.0 602-49490-200OFFICE SUPPLIES22.3766.63300.00300.00233.3722.2 602-49490-201POSTAGE1,826.292,033.932,880.002,880.00846.0770.6 602-49490-210OPERATING SUPPLIES1,351.521,123.951,750.001,750.00626.0564.2 602-49490-300PROFESSIONAL SERVICES.003,742.504,000.004,000.00257.5093.6 602-49490-310SOFTWARE SUPPORT2,599.933,475.644,850.004,850.001,374.3671.7 602-49490-314SAFETY PROGRAM824.17270.771,395.001,395.001,124.2319.4 602-49490-319GOPHER STATE NOTIFICATION291.63380.05500.00500.00119.9576.0 602-49490-331TRAVEL & CONFERENCE EXPENSE93.0984.17250.00250.00165.8333.7 602-49490-410RENTALS550.22712.95500.00500.00( 212.95)142.6 602-49490-581COMPUTER HARDWARE.00425.07250.00250.00( 175.07)170.0 TOTAL SEWER GENERAL ADMINISTR 20,040.5727,501.1547,200.0047,200.0019,698.8558.3 DEPRECIATION EXPENSE 602-49970-420DEPRECIATION.00.00565,000.00565,000.00565,000.00.0 TOTAL DEPRECIATION EXPENSE.00.00565,000.00565,000.00565,000.00.0 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:12PM PAGE: 13 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 SEWER FUND PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT TOTAL FUND EXPENDITURES521,259.93652,451.922,090,540.002,106,722.561,454,270.6431.0 NET REVENUE OVER EXPENDITURES587,903.87525,459.33( 369,745.00)( 385,927.56)( 911,386.89)136.2 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:13PM PAGE: 14 CITYOFSTJOSEPH BALANCESHEET AUGUST31, 2025 FUND 603 - REFUSE/RECYCLING/COMPOST ASSETS 603-10199CASH274,481.69 603-10500ACCOUNTS RECEIVABLE89,612.39 603-16400MACHINERY & EQUIPMENT67,997.94 603-16410ACCUMULATED DEPR. MACH & EQUIP( 51,577.21) TOTAL ASSETS380,514.81 LIABILITIES AND EQUITY LIABILITIES 603-22840NET PENSION LIABILITY8,348.00 TOTAL LIABILITIES8,348.00 FUND EQUITY 603-25310UNASSIGNED FUND BALANCE250,809.43 603-26140CONTRIB. FROM CAPITAL FUNDS42,015.46 REVENUE OVER EXPENDITURES - YTD79,341.92 TOTAL FUND EQUITY372,166.81 TOTAL LIABILITIES AND EQUITY380,514.81 CITY OF ST JOSEPH REVENUES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 REFUSE/RECYCLING/COMPOST PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT UTILITIES REVENUE 603-00000-31320STATE SALES TAX5,860.855,944.96.00.00( 5,944.96).0 603-00000-32000LICENSES & PERMITS33,715.5032,935.0037,205.0037,205.004,270.0088.5 603-00000-34404PENALTIES AND FORFEIFTED DISC1,995.202,874.392,500.002,500.00( 374.39)115.0 603-00000-36100SPECIAL ASSESSMENTS( 371.70)( 356.78)200.00200.00556.78(178.4) 603-00000-36210INTEREST EARNINGS5,104.846,502.702,000.002,000.00( 4,502.70)325.1 603-00000-37105REFUSE COLLECTION CHARGES319,605.39324,638.68553,450.00553,450.00228,811.3258.7 603-00000-39201TRANSFERS FROM OTHER FUNDS.0024,850.00.00.00( 24,850.00).0 TOTAL UTILITIES REVENUE365,910.08397,388.95595,355.00595,355.00197,966.0566.8 TOTAL FUND REVENUE365,910.08397,388.95595,355.00595,355.00197,966.0566.8 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:13PM PAGE: 15 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 REFUSE/RECYCLING/COMPOST PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT WASTE COLLECTION 603-43230-101REFUSE SALARIES11,530.7211,840.2125,060.0025,060.0013,219.7947.3 603-43230-121PERA CONTRIBUTIONS859.68958.881,880.001,880.00921.1251.0 603-43230-122FICA CONTRIBUTIONS820.56885.681,510.001,510.00624.3258.7 603-43230-125MEDICARE CONTRIBUTIONS.00.00355.00355.00355.00.0 603-43230-130H S A- EMPLOYER CONTRIBUTION357.50600.00905.00905.00305.0066.3 603-43230-131HEALTH INSURANCE1,785.003,362.096,300.006,300.002,937.9153.4 603-43230-132DENTAL INSURANCE119.17192.78435.00435.00242.2244.3 603-43230-133LIFE INSURANCE14.1013.6425.0025.0011.3654.6 603-43230-134DISABILTY INSURANCE173.13170.82260.00260.0089.1865.7 603-43230-151WORKERS COMP. INSUR. PREM.281.00215.00330.00330.00115.0065.2 603-43230-171CLOTHING ALLOWANCE22.30( .80)15.0015.0015.80( 5.3) 603-43230-200OFFICE SUPPLIES22.3666.63100.00100.0033.3766.6 603-43230-201POSTAGE1,826.312,033.932,880.002,880.00846.0770.6 603-43230-210OPERATING SUPPLIES582.00680.00615.00615.00( 65.00)110.6 603-43230-300PROFESSIONAL SERVICES27,210.0026,355.0030,780.0030,780.004,425.0085.6 603-43230-302MAINTENANCE REIMBURSEMENT1,250.001,180.001,175.001,175.00( 5.00)100.4 603-43230-304LEGAL FEES142.5078.75.00.00( 78.75).0 603-43230-310SOFTWARE SUPPORT2,599.923,294.804,450.004,450.001,155.2074.0 603-43230-331TRAVEL & CONFERENCE EXPENSE93.0984.17250.00250.00165.8333.7 603-43230-384REFUSE DISPOSAL253,146.42264,561.77513,400.00513,400.00248,838.2351.5 603-43230-410RENTALS550.24903.61500.00500.00( 403.61)180.7 603-43230-510LAND AND LAND IMPROVEMENTS.00.0015,000.0015,000.0015,000.00.0 603-43230-580OTHER EQUIPMENT.00.005,000.005,000.005,000.00.0 603-43230-581COMPUTER HARDWARE.00425.07250.00250.00( 175.07)170.0 TOTAL WASTE COLLECTION303,386.00317,902.03611,475.00611,475.00293,572.9752.0 OTHER FINANCING USES 603-49300-720TRANSFERS TO OTHER FUNDS35.00145.00145.00145.00.00100.0 TOTAL OTHER FINANCING USES35.00145.00145.00145.00.00100.0 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:13PM PAGE: 16 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 REFUSE/RECYCLING/COMPOST PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT DEPRECIATION EXPENSE 603-49970-420DEPRECIATION.00.002,200.002,200.002,200.00.0 TOTAL DEPRECIATION EXPENSE.00.002,200.002,200.002,200.00.0 TOTAL FUND EXPENDITURES303,421.00318,047.03613,820.00613,820.00295,772.9751.8 NET REVENUE OVER EXPENDITURES62,489.0879,341.92( 18,465.00)( 18,465.00)( 97,806.92)429.7 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:13PM PAGE: 17 CITYOFSTJOSEPH BALANCESHEET AUGUST31, 2025 FUND 651 - STORM WATER UTILITY ASSETS 651-10199CASH758,012.51 651-10500ACCOUNTS RECEIVABLE35,986.69 651-16300TREATMENT PLANT & LINE7,331,027.05 651-16310ACCUMULATED DEPR. PLANT & LINE( 2,289,141.19) 651-16320INTANGIBLE ASSETS67,914.92 651-16400MACHINERY & EQUIPMENT172,248.21 651-16410ACCUMULATED DEPR. MACH & EQUIP( 123,284.66) TOTAL ASSETS5,952,763.53 LIABILITIES AND EQUITY LIABILITIES 651-22840NET PENSION LIABILITY17,563.00 TOTAL LIABILITIES17,563.00 FUND EQUITY 651-25310UNASSIGNED FUND BALANCE2,619,885.89 651-26100CONTRIB. FROM DEVELOPERS505,905.98 651-26140CONTRIB. FROM CAPITAL FUNDS2,716,542.00 REVENUE OVER EXPENDITURES - YTD92,866.66 TOTAL FUND EQUITY5,935,200.53 TOTAL LIABILITIES AND EQUITY5,952,763.53 CITY OF ST JOSEPH REVENUES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 STORM WATER UTILITY PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT UTILITIES REVENUE 1081. 651-00000-36100SPECIAL ASSESSMENTS( 7,303.13)( 2,163.09)200.00200.002,363.09 651-00000-36210INTEREST EARNINGS14,387.5519,053.955,000.005,000.00( 14,053.95)381.1 651-00000-37110STORM WATER USE SERVICE145,584.40146,549.83219,150.00219,150.0072,600.1766.9 651-00000-37160PENALTIES AND FORFEIFTED DISC636.09910.161,000.001,000.0089.8491.0 651-00000-39305INSURANCE RECOVERY.002,020.00.00.00( 2,020.00).0 TOTAL UTILITIES REVENUE153,304.91166,370.85225,350.00225,350.0058,979.1573.8 TOTAL FUND REVENUE153,304.91166,370.85225,350.00225,350.0058,979.1573.8 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:13PM PAGE: 18 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 STORM WATER UTILITY PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT OTHER FINANCING USES 651-49300-720TRANSFERS TO OTHER FUNDS17,595.0018,855.0018,855.0018,855.00.00100.0 TOTAL OTHER FINANCING USES17,595.0018,855.0018,855.0018,855.00.00100.0 STORM WATER GENERAL ADMIN 651-49490-101STORMWATER ADMIN SALARIES7,094.467,607.3612,515.0012,515.004,907.6460.8 651-49490-121PERA CONTRIBUTIONS530.37624.33940.00940.00315.6766.4 651-49490-122FICA CONTRIBUTIONS504.34574.14755.00755.00180.8676.1 651-49490-125MEDICARE CONTRIBUTIONS.00.00175.00175.00175.00.0 651-49490-130H S A- EMPLOYER CONTRIBUTION180.00360.00360.00360.00.00100.0 651-49490-131HEALTH INSURANCE828.751,963.843,150.003,150.001,186.1662.3 651-49490-132DENTAL INSURANCE52.02106.25215.00215.00108.7549.4 651-49490-133LIFE INSURANCE9.009.0010.0010.001.0090.0 651-49490-134DISABILTY INSURANCE100.62103.14130.00130.0026.8679.3 651-49490-151WORKERS COMP. INSUR. PREM.49.0033.0060.0060.0027.0055.0 651-49490-171CLOTHING ALLOWANCE.00.0010.0010.0010.00.0 651-49490-200OFFICE SUPPLIES22.3666.63100.00100.0033.3766.6 651-49490-201POSTAGE310.401,690.41.00.00( 1,690.41).0 651-49490-310SOFTWARE SUPPORT1,995.572,750.235,925.005,925.003,174.7746.4 651-49490-331TRAVEL & CONFERENCE EXPENSE55.85636.55150.00150.00( 486.55)424.4 651-49490-581COMPUTER HARDWARE.00425.07250.00250.00( 175.07)170.0 TOTAL STORM WATER GENERAL ADM 11,732.7416,949.9524,745.0024,745.007,795.0568.5 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:13PM PAGE: 19 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 STORM WATER UTILITY PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT STORM WATER MAINTENANCE 651-49900-101STORMWATER DEPT SALARIES7,496.499,937.8653,745.0053,745.0043,807.1418.5 651-49900-121PERA CONTRIBUTIONS536.57959.763,965.003,965.003,005.2424.2 651-49900-122FICA CONTRIBUTIONS559.45750.173,225.003,225.002,474.8323.3 651-49900-123DEFERRED COMP-EMPLOYER.00.00425.00425.00425.00.0 651-49900-125MEDICARE CONTRIBUTIONS.00.00755.00755.00755.00.0 651-49900-130H S A- EMPLOYER CONTRIBUTION451.98452.592,280.002,280.001,827.4119.9 651-49900-131HEALTH INSURANCE1,360.001,487.5010,650.0010,650.009,162.5014.0 651-49900-132DENTAL INSURANCE99.62102.34800.00800.00697.6612.8 651-49900-133LIFE INSURANCE10.5910.1945.0045.0034.8122.6 651-49900-134DISABILTY INSURANCE139.50139.50525.00525.00385.5026.6 651-49900-151WORKERS COMP. INSUR. PREM.1,342.00552.001,575.001,575.001,023.0035.1 651-49900-171CLOTHING ALLOWANCE38.6651.86360.00360.00308.1414.4 651-49900-210OPERATING SUPPLIES542.05.001,600.001,600.001,600.00.0 651-49900-220REPAIR AND MAINTENANCE.003,343.992,000.002,000.00( 1,343.99)167.2 651-49900-300PROFESSIONAL SERVICES.00400.00250.00250.00( 150.00)160.0 651-49900-302MAINTENANCE REIMBURSEMENT14,000.0014,000.0014,000.0014,000.00.00100.0 651-49900-303ENGINEERING FEE220.001,123.505,000.005,000.003,876.5022.5 651-49900-308COMMUNITY PROGRAMS1,779.001,620.001,800.001,800.00180.0090.0 651-49900-310SOFTWARE SUPPORT1,313.12120.002,680.002,680.002,560.004.5 651-49900-321TELEPHONE720.32613.48995.00995.00381.5261.7 651-49900-340ADVERTISING.00.0075.0075.0075.00.0 651-49900-410RENTALS.00.00250.00250.00250.00.0 IMPROVEMENTS OTHER THAN BLDG651-49900-5301,442.272,034.5010,000.0010,000.007,965.5020.4 651-49900-580OTHER EQUIPMENT.00.0016,000.0016,000.0016,000.00.0 TOTAL STORM WATER MAINTENANCE 32,051.6237,699.24133,000.00133,000.0095,300.7628.4 DEPRECIATION EXPENSE 651-49970-420DEPRECIATION.00.00170,000.00170,000.00170,000.00.0 TOTAL DEPRECIATION EXPENSE.00.00170,000.00170,000.00170,000.00.0 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:13PM PAGE: 20 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 STORM WATER UTILITY PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT TOTAL FUND EXPENDITURES61,379.3673,504.19346,600.00346,600.00273,095.8121.2 NET REVENUE OVER EXPENDITURES91,925.5592,866.66( 121,250.00)( 121,250.00)( 214,116.66)76.6 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:13PM PAGE: 21 CITYOFSTJOSEPH BALANCESHEET AUGUST31, 2025 FUND 652 - STREET LIGHT UTILITY ASSETS 652-10199CASH155,052.97 652-10500ACCOUNTS RECEIVABLE14,627.86 TOTAL ASSETS169,680.83 LIABILITIES AND EQUITY LIABILITIES 652-22840NET PENSION LIABILITY4,178.00 TOTAL LIABILITIES4,178.00 FUND EQUITY 652-25310UNASSIGNED FUND BALANCE149,455.03 REVENUE OVER EXPENDITURES - YTD16,047.80 TOTAL FUND EQUITY165,502.83 TOTAL LIABILITIES AND EQUITY169,680.83 CITY OF ST JOSEPH REVENUES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 STREET LIGHT UTILITY PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT UTILITIES REVENUE 652-00000-36100SPECIAL ASSESSMENTS( 39.48)( 31.54)50.0050.0081.54( 63.1) 652-00000-36210INTEREST EARNINGS3,433.923,987.161,500.001,500.00( 2,487.16)265.8 652-00000-37110USAGE RATE58,547.7558,898.0190,555.0090,555.0031,656.9965.0 652-00000-37160PENALTIES AND FORFEITED DISC221.38303.81300.00300.00( 3.81)101.3 TOTAL UTILITIES REVENUE62,163.5763,157.4492,405.0092,405.0029,247.5668.4 TOTAL FUND REVENUE62,163.5763,157.4492,405.0092,405.0029,247.5668.4 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:13PM PAGE: 22 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 STREET LIGHT UTILITY PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT STREET LIGHTING 652-43160-101STREET LIGHT SALARIES6,590.776,846.2227,565.0027,565.0020,718.7824.8 652-43160-121PERA CONTRIBUTIONS489.19550.55625.00625.0074.4588.1 652-43160-122FICA CONTRIBUTIONS469.65515.20500.00500.00( 15.20)103.0 652-43160-123DEFERRED COMP.00.00100.00100.00100.00.0 652-43160-125MEDICARE CONTRIBUTIONS.00.00115.00115.00115.00.0 652-43160-130H S A- EMPLOYER CONTRIBUTION571.98692.60240.00240.00( 452.60)288.6 652-43160-131HEALTH INSURANCE1,912.502,796.502,100.002,100.00( 696.50)133.2 652-43160-132DENTAL INSURANCE134.64173.23145.00145.00( 28.23)119.5 652-43160-133LIFE INSURANCE8.798.0410.0010.001.9680.4 652-43160-134DISABILTY INSURANCE136.98138.4285.0085.00( 53.42)162.9 652-43160-151WORKERS COMP. INSUR. PREM.985.00287.001,155.001,155.00868.0024.9 652-43160-171CLOTHING ALLOWANCE( 3.00)( 1.25)5.005.006.25( 25.0) 652-43160-201POSTAGE310.401,690.41.00.00( 1,690.41).0 652-43160-220REPAIR AND MAINTENANCE327.49.004,000.004,000.004,000.00.0 652-43160-303ENGINEERING.00121.50.00.00( 121.50).0 652-43160-310SOFTWARE SUPPORT661.77734.682,315.002,315.001,580.3231.7 652-43160-331TRAVEL & CONFERENCE EXPENSE37.2434.35100.00100.0065.6534.4 652-43160-386STREET LIGHTING24,874.3931,572.1957,560.0057,560.0025,987.8154.9 652-43160-387HOLIDAY DECORATIONS.00.002,000.002,000.002,000.00.0 652-43160-410RENTALS125.00.00.00.00.00.0 IMPROVEMENTS OTHER THAN BLDG652-43160-530.00.0015,000.0015,000.0015,000.00.0 652-43160-580OTHER EQUIPMENT.00.00750.00750.00750.00.0 TOTAL STREET LIGHTING37,632.7946,159.64114,370.00114,370.0068,210.3640.4 OTHER FINANCING USES 652-49300-720TRANSFERS TO OTHER FUNDS.00950.00950.00950.00.00100.0 TOTAL OTHER FINANCING USES.00950.00950.00950.00.00100.0 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:13PM PAGE: 23 CITY OF ST JOSEPH EXPENDITURES WITH COMPARISON TO BUDGET FOR THE 8 MONTHS ENDING AUGUST 31, 2025 STREET LIGHT UTILITY PRIOR YTD AMOUNTYTD ACTUALORIGINAL BUDGETBUDGETUNEXPENDEDPCNT TOTAL FUND EXPENDITURES37,632.7947,109.64115,320.00115,320.0068,210.3640.9 NET REVENUE OVER EXPENDITURES24,530.7816,047.80( 22,915.00)( 22,915.00)( 38,962.80)70.0 FOR ADMINISTRATION USE ONLY67 % OF THE FISCAL YEAR HAS ELAPSED09/09/2025 04:13PM PAGE: 24 STAFF MEMO Prepared by: Lori Bartlett, Finance Meeting Date: 9-15-25 ☒ Consent Agenda Item ☐ Regular Agenda Item Agenda Item # 4d Reviewed by: Item: Donations and Contributions Priority: N/A ACTION REQUESTED Consider approval Resolution 2025-062 accepting donations as presented. BOARD/COMMISSION/COMMITTEE RECOMMENDATION none PREVIOUS COUNCIL ACTION none REFERENCE AND BACKGROUND Minnesota Statute 465.03 requires that all gifts and donations of real or personal property be accepted only with the adoption of a resolution approved by two-thirds of the members of the City Council. By accepting the donations, the city is accepting the intent of the donations. The in-kind donations are estimates. Total Dog Park cash donations received through 8/31/25 = $7,194 + $1,149 for pavers and refreshments. Total Community Center/YMCA donations received through 8/31/25 = $581,243. BUDGET IMPACT $178.00 STAFF RECOMMENDED ACTION Accept the donations as presented in Resolution 2025-062. SUPPORTING DATA/ATTACHMENTS Resolution 2025-062 Accepting Donations RESOLUTION 2025-062 RESOLUTION ACCEPTED DONATION(S) WHEREAS, The City of St. Joseph is generally authorized to accepts gifts and bequests pursuant to Minnesota Statutes Section 465.03 and Minnesota Statutes Section 471.17 for the benefit of its citizens; and WHEREAS, said Minnesota Statute 465.03 requires that all gifts and donations of real or personal property be accepted only with the adoption of a resolution approved by two-thirds of the members of the City Council; and WHEREAS, the following person/persons and/or entity/entities has/have donated real and/or personal property as follows: DONOR METHOD PURPOSE AMOUNT Anonymous Cash Disc Golf $27.00 Anonymous Cash Archery Range $25.00 Anonymous Cash Dog Park $4.00 Anonymous Cash RV Dump Station $122.00 WHEREAS, all such donations have been contributed to assist the various city departments and programs as allowed by law; and WHEREAS, the City Council finds that it is appropriate to accept the donations offered. NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF ST. JOSEPH, MINNESOTA, AS FOLLOWS: 1. The donations described above are accepted. 2. The Finance Department is hereby directed to issue receipts to each donor acknowledging the city’s receipt of the donors’ donations. ADOPTED by the City Council this 15th day of September, 2025. CITY OF ST. JOSEPH Adam Scepaniak, Mayor ATTEST David Murphy, City Administrator STAFF MEMO Prepared by: Community Development Meeting Date: 9/15/25 ☒ Consent Agenda Item ☐ Regular Agenda Item Agenda Item 4f Reviewed by: Item: 4f– Interim Use Permit Renewal – 110 College Ave N ACTION REQUESTED Consent authorizes approval of Finding of Fact Resolution 2025-058 If item is pulled from consent staff requests action on Finding of Fact Resolution 2025-058 BOARD/COMMISSION/COMMITTEE RECOMMENDATION Planning Commission conducted public hearing at their September 8th meeting (no one spoke at hearing) Planning Commission voted unanimously (5-0) to approve the Finding of Fact resolution and extend the Interim Use permit for five years (September 15th, 2030). PREVIOUS COUNCIL ACTION IUP was last approved September 14th, 2020 (approval was for five years) REFERENCE AND BACKGROUND Novak Rentals, LLC is seeking approval for an Interim Use Permit renewal for residential rental of the property at 110 College Ave N, currently zoned B-1 Downtown Commercial. Single-family rental dwellings within Commercial areas are allowed as an Interim Use for a maximum term of five years but may be less as approved by the City Council and after a review and recommendation by the Planning Commission. Planning Commission unanimously recommended approval to extend Interim Use for another five years. Ordinance states that when a majority of the block is commercial no additional Interim Use permits shall be granted or extended until the use transitions into a permitted commercial use. The block where the subject property is located (see Exhibit A) has a mix of commercial, interim use permit residential rental, and legal non-conforming residential. All the properties to the North, South, West, and East are zoned B-1 Central Business District or B-2 Highway Business. BUDGET IMPACT: None. SUPPORTING DATA/ATTACHMENTS: IUP application Exhibits Resolution 2025-058 approving IUP for max duration of five years (September 15th, 2030). Exhibit A Current Zoning Future land use map RESOLUTION 2025-058 A RESOLUTION ADOPTING FINDINGS OF FACT AND APPROVING AN INTERIM USE PERMIT FOR THE PURPOSE OF A RESIDENTIAL RENTAL IN A B-1 CENTRAL BUSINESS DISTRICT WHEREAS, Novak Rentals, LLC owner and applicant, has properly applied for an Interim Use permit renewal for a residential rental in a B-1 Central Business District on the property generally described in Exhibit A; and WHEREAS, the St. Joseph Planning Commission held a public hearing on the Interim Use permit on September 8th, 2025 at which time all persons wishing to be heard regarding the matter were given an opportunity to be heard; and WHEREAS. The public hearing notice was duly published and notice provided to all property owners within three hundred and fifty (350’) of the subject property; and WHEREAS, on September 8th, 2025, the St. Joseph Planning Commission reviewed the proposed Interim Use permit and adopted Findings of Fact in support of granting an Interim use permit and recommended approval of the request for an Interim use permit to the City Council. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ST. JOSEPH, MINNESOTA, hereby makes the following Findings of Fact: 1. That the Subject Property is zoned B-1 Central Business District, and a single-family residential rental is a permitted Interim use. 2. That the Interim Use will not be detrimental to or endanger public health, safety, morals, comfort, or general welfare of the neighborhood and will be harmonious to the objectives of the Comprehensive Plan of the City. 3. That the residential rental will be located within the existing single family detached dwelling on the Subject Property and is designed and constructed and will be operated and maintained to be harmonious and appropriate in appearance with character of the area and will not be hazardous or disturbing to existing or future neighboring uses. 4. That adequate utilities and services, including utilities, streets, drainage and other necessary facilities have been provided and will not create excessive additional costs for services and/or be detrimental to the economic welfare of the community. 5. That the Interim use will not involve activities, processes, materials, equipment and conditions of operation that will be detrimental to any persons, property, or general welfare because of excessive production of traffic, noise, smoke, fumes, glare or odors. 6. That the existing access from College Ave N provides access to the Subject Property and the access will not create traffic congestion or interfere with traffic or surrounding public thoroughfares. 7. That the existing driveway will provide sufficient off-street parking and loading space to serve the proposed use. 8. That the Interim use will not result in the loss or damage of natural, scenic or historic feature and the soil conditions are adequate to accommodate the use. BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF ST. JOSEPH, MINNESOTA, as follows: 1. Based on the aforementioned Findings of Fact, an Interim Use permit (“Permit”) renewal to allow for a residential rental unit on the Subject Property is hereby approved. 2. The property owner shall obtain a yearly rental license prior to renting, and the license should be renewed annually. Typical rental permit and inspection fees will apply and be the responsibility of the property owner. 3. The property owner will manage the Subject Property in compliance with the St. Joseph Code of Ordinances. 4. The residential rental on the Subject Property shall be limited to a family as defined within the St. Joseph Code of Ordinances. 5. The dwelling shall be maintained as a single-family dwelling defined as a dwelling occupied by one family and so designed and arranged as to provide cooking and kitchen accommodations and sanitary facilities for one family only. 6. The property owner is responsible for meeting all Federal, State, Local, and City requirements and obtaining any and all permits and licenses. 7. Revocation: The City Council shall revoke the interim use permit when it determines that the terms and conditions of the permit as issued are no longer being complied with. 8. Expiration: The Permit shall expire on September 15th, 2030. If within one (1) year after issuance of granting an Interim Use permit, the use permitted has not started, then the permit is null and void, unless the City Council has approved a petition for an extension. The interim use permit shall expire if the authorized use ceases for any reason for more than one (1) year. 9. The City Administrator and/or his/her designee shall have the right to inspect the premises for compliance and safety purposes annually or at any time upon reasonable request. 10. St. Joseph Code of Ordinances 520.50 Subd. 11 provides property owners in a B1 Central Business Zoning district to seek an Interim Use Permit to allow a residential rental unit until the property is ready for transition to a Commercial use. Said provisions allow the Planning Commission and City Council to place a termination date on the Interim Use Permit and require an annual review of the same. Whereupon said resolution was declared duly passed and adopted by the St. Joseph City Council this 15th day of September, 2025 CITY OF ST. JOSEPH By ATTEST Adam Scepaniak, Mayor By David Murphy, City Administrator CITY SEAL Exhibit A Document drafted by: City of St. Joseph, MN 56374 STAFF MEMO Prepared by: Police Chief Meeting Date: 09/15/2025 ☒ Consent Agenda Item ☐ Regular Agenda Item Agenda Item # 4e Reviewed by: Item: Promote Officer Vic Weiss from Part Time to Full Time ACTION REQUESTED Promote Officer Vic Weiss from Part Time to Full Time BOARD/COMMISSION/COMMITTEE RECOMMENDATION PREVIOUS COUNCIL ACTION REFERENCE AND BACKGROUND Officer Vic Weiss worked for the Stearns County Sheriff’s Department for 25 years and retired on January 27th, 2023. Shortly after, he signed on with the City of Avon as a Part time officer to help fill shifts and keep his license active. Officer Weiss learned of our recent shortage in the schedule and offered to work part time here as well. On Jan 21st, 2025, the St. Joseph City Council hired Vic Weiss to Part Time status. Once we had two officer positions open and few applicants coming in, the council authorized hiring incentives, Officer Weiss went home and spoke to his wife about entertaining thoughts of going full time again for a few more years and giving St. Joe some stability and experience. BUDGET IMPACT STAFF RECOMMENDED ACTION Promote officer Vic Weiss from Part Time to Full Time. With recent hiring incentives in place, Officer Weiss qualifies to be placed at Step 5 on the officer scale ($39.12/hr), $2,500 bonus to complete 6-month probation, $2,500 to complete 2 years of continued service with City of St. Joseph, 40 hrs of front-loaded sick leave and 40 hrs of front-loaded vacation leave. SUPPORTING DATA/ATTACHMENTS STAFF MEMO Prepared by: Community Development Meeting Date: 9/15/25 ☒ Consent Agenda Item ☐ Regular Agenda Item Agenda Item 4g Reviewed by: Item: 4g– Interim Use Permit Renewal – 13 Ash Street East ACTION REQUESTED Consent authorizes approval of Finding of Fact Resolution 2025-059 If item is pulled from consent staff requests action on Finding of Fact Resolution 2025-059 BOARD/COMMISSION/COMMITTEE RECOMMENDATION Planning Commission conducted public hearing at their September 8th meeting (no one spoke at hearing) Planning Commission voted unanimously (5-0) to approve the Finding of Fact resolution and extend the Interim Use permit for five years (September 15th, 2030). PREVIOUS COUNCIL ACTION IUP was last approved September 14th, 2020 (approval was for five years) REFERENCE AND BACKGROUND Novak Rentals, LLC is seeking approval for an Interim Use Permit renewal for residential rental of the property at 13 Ash St E, currently zoned B-1 Downtown Commercial. Single-family rental dwellings within Commercial areas are allowed as an Interim Use for a maximum term of five years but may be less as approved by the City Council and after a review and recommendation by the Planning Commission. Planning Commission unanimously recommended approval to extend Interim Use for another five years. Ordinance states that when a majority of the block is commercial no additional Interim Use permits shall be granted or extended until the use transitions into a permitted commercial use. The block where the subject property is located (see Exhibit A) has a mix of commercial, interim use permit residential rental, and legal non-conforming residential. All the properties to the North, South, West, and East are zoned B-1 Central Business District or B-2 Highway Business. So eventually all the uses will transition to a Commercial use or commercial/residential mixed use (commercial on top and residential on bottom). BUDGET IMPACT: None. SUPPORTING DATA/ATTACHMENTS: IUP application Exhibits Resolution 2025-059 approving IUP for max duration of five years (September 15th, 2030). Exhibit A Exhibit A Current Zoning Future land use map RESOLUTION 2025-059 A RESOLUTION ADOPTING FINDINGS OF FACT AND APPROVING AN INTERIM USE PERMIT FOR THE PURPOSE OF A RESIDENTIAL RENTAL IN A B-1 CENTRAL BUSINESS DISTRICT WHEREAS, Novak Rentals, LLC owner and applicant, has properly applied for an Interim Use permit renewal for a residential rental in a B-1 Central Business District on the property generally described in Exhibit A; and WHEREAS, the St. Joseph Planning Commission held a public hearing on the Interim Use permit on September 8th, 2025 at which time all persons wishing to be heard regarding the matter were given an opportunity to be heard; and WHEREAS. The public hearing notice was duly published and notice provided to all property owners within three hundred and fifty (350’) of the subject property; and WHEREAS, on September 8th, 2025, the St. Joseph Planning Commission reviewed the proposed Interim Use permit and adopted Findings of Fact in support of granting an Interim use permit and recommended approval of the request for an Interim use permit to the City Council. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ST. JOSEPH, MINNESOTA, hereby makes the following Findings of Fact: 1. That the Subject Property is zoned B-1 Central Business District, and a single-family residential rental is a permitted Interim use. 2. That the Interim Use will not be detrimental to or endanger public health, safety, morals, comfort, or general welfare of the neighborhood and will be harmonious to the objectives of the Comprehensive Plan of the City. 3. That the residential rental will be located within the existing single family detached dwelling on the Subject Property and is designed and constructed and will be operated and maintained to be harmonious and appropriate in appearance with character of the area and will not be hazardous or disturbing to existing or future neighboring uses. 4. That adequate utilities and services, including utilities, streets, drainage and other necessary facilities have been provided and will not create excessive additional costs for services and/or be detrimental to the economic welfare of the community. 5. That the Interim use will not involve activities, processes, materials, equipment and conditions of operation that will be detrimental to any persons, property, or general welfare because of excessive production of traffic, noise, smoke, fumes, glare or odors. 6. That the existing access from Ash Street provides access to the Subject Property and the access will not create traffic congestion or interfere with traffic or surrounding public thoroughfares. 7. That the existing driveway will provide sufficient off-street parking and loading space to serve the proposed use. 8. That the Interim use will not result in the loss or damage of natural, scenic or historic feature and the soil conditions are adequate to accommodate the use. BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF ST. JOSEPH, MINNESOTA, as follows: 1. Based on the aforementioned Findings of Fact, an Interim Use permit (“Permit”) renewal to allow for a residential rental unit on the Subject Property is hereby approved. 2. The property owner shall obtain a yearly rental license prior to renting, and the license should be renewed annually. Typical rental permit and inspection fees will apply and be the responsibility of the property owner. 3. The property owner will manage the Subject Property in compliance with the St. Joseph Code of Ordinances. 4. The residential rental on the Subject Property shall be limited to a family as defined within the St. Joseph Code of Ordinances. 5. The dwelling shall be maintained as a single-family dwelling defined as a dwelling occupied by one family and so designed and arranged as to provide cooking and kitchen accommodations and sanitary facilities for one family only. 6. The property owner is responsible for meeting all Federal, State, Local, and City requirements and obtaining any and all permits and licenses. 7. Revocation: The City Council shall revoke the interim use permit when it determines that the terms and conditions of the permit as issued are no longer being complied with. 8. Expiration: The Permit shall expire on September 15th, 2030. If within one (1) year after issuance of granting an Interim Use permit, the use permitted has not started, then the permit is null and void, unless the City Council has approved a petition for an extension. The interim use permit shall expire if the authorized use ceases for any reason for more than one (1) year. 9. The City Administrator and/or his/her designee shall have the right to inspect the premises for compliance and safety purposes annually or at any time upon reasonable request. 10. St. Joseph Code of Ordinances 520.50 Subd. 11 provides property owners in a B1 Central Business Zoning district to seek an Interim Use Permit to allow a residential rental unit until the property is ready for transition to a Commercial use. Said provisions allow the Planning Commission and City Council to place a termination date on the Interim Use Permit and require an annual review of the same. Whereupon said resolution was declared duly passed and adopted by the St. Joseph City Council this 15th day of September, 2025 CITY OF ST. JOSEPH By ATTEST Adam Scepaniak, Mayor By David Murphy, City Administrator CITY SEAL Exhibit A Property addressed as: 13 Ash St E Document drafted by: City of St. Joseph, MN 56374 Parcel ID: 84.53915.0000 INSERT LEGAL STAFF MEMO Prepared by: Community Development Meeting Date: 9/15/25 ☒ Consent Agenda Item ☐ Regular Agenda Item Agenda Item 4h Reviewed by: Item: 4h– Interim Use Permit Renewal – 29 Ash St W ACTION REQUESTED Consent authorizes approval of Finding of Fact Resolution 2025-060 If item is pulled from consent staff requests action on Finding of Fact Resolution 2025-060 BOARD/COMMISSION/COMMITTEE RECOMMENDATION Planning Commission conducted public hearing at their September 8th meeting (no one spoke at hearing) Planning Commission voted unanimously (5-0) to approve the Finding of Fact resolution and extend the Interim Use permit for five years (September 15th, 2030). PREVIOUS COUNCIL ACTION IUP was last approved Oct. 19th, 2020 (expires Oct. 19th 2025) REFERENCE AND BACKGROUND S&S Properties, LLC is requesting an Interim Use Permit renewal for residential rental of the property at 29 Ash St West, currently zoned B-1 Downtown Commercial. Single-family rental dwellings within Commercial areas are allowed as an Interim Use for a maximum term of five years but may be less as approved by the City Council and after a review and recommendation by the Planning Commission. Ordinance states that when a majority of the block is commercial no additional Interim Use permits shall be granted or extended until the use transitions into a permitted commercial use. The goal of the IUP is to transition the uses to commercial when the majority of the block is commercial in use. The block where the subject property is located (see Exhibit A) has a mix of commercial, interim use permit residential rental, and legal non-conforming residential. All the properties to the North, South, West, and East are zoned B-1 Central Business District. So, all the uses will eventually transition to a Commercial use or commercial/residential mixed use (commercial on top and residential on bottom). BUDGET IMPACT: None. SUPPORTING DATA/ATTACHMENTS: IUP application Exhibits Resolution 2025-060 approving IUP for max duration of five years (September 15th, 2030). Exhibit A Current Zoning Future land use map RESOLUTION 2025-060 A RESOLUTION ADOPTING FINDINGS OF FACT AND APPROVING AN INTERIM USE PERMIT FOR THE PURPOSE OF A RESIDENTIAL RENTAL IN A B-1 CENTRAL BUSINESS DISTRICT WHEREAS, S & S Properties of St. Joseph, LLC owner and applicant, has properly applied for an Interim Use permit renewal for a residential rental in a B-1 Central Business District on the property generally described in Exhibit A; and WHEREAS, the St. Joseph Planning Commission held a public hearing on the Interim Use permit on September 8th, 2025 at which time all persons wishing to be heard regarding the matter were given an opportunity to be heard; and WHEREAS. The public hearing notice was duly published and notice provided to all property owners within three hundred and fifty (350’) of the subject property; and WHEREAS, on September 8th, 2025, the St. Joseph Planning Commission reviewed the proposed Interim Use permit and adopted Findings of Fact in support of granting an Interim use permit and recommended approval of the request for an Interim use permit to the City Council. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ST. JOSEPH, MINNESOTA, hereby makes the following Findings of Fact: 1. That the Subject Property is zoned B-1 Central Business District, and a single-family residential rental is a permitted Interim use. 2. That the Interim Use will not be detrimental to or endanger public health, safety, morals, comfort, or general welfare of the neighborhood and will be harmonious to the objectives of the Comprehensive Plan of the City. 3. That the residential rental will be located within the existing single family detached dwelling on the Subject Property and is designed and constructed and will be operated and maintained to be harmonious and appropriate in appearance with character of the area and will not be hazardous or disturbing to existing or future neighboring uses. 4. That adequate utilities and services, including utilities, streets, drainage and other necessary facilities have been provided and will not create excessive additional costs for services and/or be detrimental to the economic welfare of the community. 5. That the Interim use will not involve activities, processes, materials, equipment and conditions of operation that will be detrimental to any persons, property, or general welfare because of excessive production of traffic, noise, smoke, fumes, glare or odors. 6. That the existing access from Ash Street West provides access to the Subject Property and the access will not create traffic congestion or interfere with traffic or surrounding public thoroughfares. 7. That the existing driveway will provide sufficient off-street parking and loading space to serve the proposed use. 8. That the Interim use will not result in the loss or damage of natural, scenic or historic feature and the soil conditions are adequate to accommodate the use. BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF ST. JOSEPH, MINNESOTA, as follows: 1. Based on the aforementioned Findings of Fact, an Interim Use permit (“Permit”) renewal to allow for a residential rental unit on the Subject Property is hereby approved. 2. The property owner shall obtain a yearly rental license prior to renting, and the license should be renewed annually. Typical rental permit and inspection fees will apply and be the responsibility of the property owner. 3. The property owner will manage the Subject Property in compliance with the St. Joseph Code of Ordinances. 4. The residential rental on the Subject Property shall be limited to a family as defined within the St. Joseph Code of Ordinances. 5. The dwelling shall be maintained as a single-family dwelling defined as a dwelling occupied by one family and so designed and arranged as to provide cooking and kitchen accommodations and sanitary facilities for one family only. 6. The property owner is responsible for meeting all Federal, State, Local, and City requirements and obtaining any and all permits and licenses. 7. Revocation: The City Council shall revoke the interim use permit when it determines that the terms and conditions of the permit as issued are no longer being complied with. 8. Expiration: The Permit shall expire on September 15th, 2030. If within one (1) year after issuance of granting an Interim Use permit, the use permitted has not started, then the permit is null and void, unless the City Council has approved a petition for an extension. The interim use permit shall expire if the authorized use ceases for any reason for more than one (1) year. 9. The City Administrator and/or his/her designee shall have the right to inspect the premises for compliance and safety purposes annually or at any time upon reasonable request. 10. St. Joseph Code of Ordinances 520.50 Subd. 11 provides property owners in a B1 Central Business Zoning district to seek an Interim Use Permit to allow a residential rental unit until the property is ready for transition to a Commercial use. Said provisions allow the Planning Commission and City Council to place a termination date on the Interim Use Permit and require an annual review of the same. Whereupon said resolution was declared duly passed and adopted by the St. Joseph City Council this 15th day of September, 2025 CITY OF ST. JOSEPH By ATTEST Adam Scepaniak, Mayor By David Murphy, City Administrator CITY SEAL Exhibit A Document drafted by: City of St. Joseph, MN 56374 Property addressed as: 29 Ash Street West Parcel ID: 84.53906.0000 Legal Description: STAFF MEMO Prepared by: Public Works Director Meeting Date: 09/15/2025 ☒ Consent Agenda Item ☐ Regular Agenda Item Agenda Item # 4i Reviewed by: Item: Safety Grant Agreement Approval ACTION REQUESTED Approve the grant agreement between the City of St. Joseph and the Department of Labor & Industry to aid in the purchase of a scissor lift. BOARD/COMMISSION/COMMITTEE RECOMMENDATION PREVIOUS COUNCIL ACTION REFERENCE AND BACKGROUND I applied for a safety grant through OSHA and was awarded the grant in the amount of $5,687.50. The grant is a matching grant and the funds will be used towards the purchase of a scissor lift. BUDGET IMPACT $5,687.50 match STAFF RECOMMENDED ACTION Approve the grant agreement between the City of St. Joseph and the Department of Labor & Industry to aid in the purchase of a scissor lift. SUPPORTING DATA/ATTACHMENTS Grant Agreement & Award Letter Docusign Envelope ID: A101F40C-C5A2-4399-9882-6635BFF949F2 274820 Docusign Envelope ID: A101F40C-C5A2-4399-9882-6635BFF949F2 Docusign Envelope ID: A101F40C-C5A2-4399-9882-6635BFF949F2 Docusign Envelope ID: A101F40C-C5A2-4399-9882-6635BFF949F2 Docusign Envelope ID: A101F40C-C5A2-4399-9882-6635BFF949F2 Docusign Envelope ID: A101F40C-C5A2-4399-9882-6635BFF949F2 Docusign Envelope ID: A101F40C-C5A2-4399-9882-6635BFF949F2 274820/3-22751 Seth Hagen 8/11/2025 Ryan Wensmann 8/28/2025 Nicole Blissenbach 8/28/2025 STEARNS COUNTY HIGHWAY P.O. Box 246 St. Cloud, MN 56302 320-255-6180 Fax 320-255-6186 INVOICE NO: 144-2025 DATE: 9/8/2025 To:City of St. Joseph Attn.: dmurphy@cityofstjoseph.com; lbartlett@cityofstjoseph.com ap@cityofstjoseph.com P O Box 668 St. Joseph, MN 56374 SP 073-070-028 QUANTITY DESCRIPTION UNIT PRICE AMOUNT SP 073-070-028 Work Certified to date $1,441,138.24 Local Participation $119,974.21 $119,974.21 Less Retainage 5% (5,998.71)$ Less paid to date (81,291.66)$ rounding 0.03$ Total Amount Due $32,683.87 A copy of the pay voucher and funding by source report is attached. TOTAL DUE 32,683.87$ Make all checks payable to: Stearns County Highway. If you have any questions concerning this invoice, contact Tracey Worzala, Office Manager 320-255-6180. THANK YOU FOR YOUR BUSINESS! M/Shared/excel/forms/invoice STAFF MEMO Prepared by: Ryan Wensmann Meeting Date: 9-15-2025 ☒ Consent Agenda Item ☐ Regular Agenda Item Agenda Item # 4k Reviewed by: David Murphy Item: Casey’s Surplus Property ACTION REQUESTED Motion to approve the consent agenda will automatically approve this item. If pulled, then the following motion would be requested. Motion to approve all remaining items at the old Casey’s gas station as surplus property. BOARD/COMMISSION/COMMITTEE RECOMMENDATION NA PREVIOUS COUNCIL ACTION None REFERENCE AND BACKGROUND The city recently purchased the old Casey’s gas station for future expansion of our police and fire departments. There are many items inside the old building like pizza ovens, shelving, walk in coolers, commercial coffee makers, tables, and chairs. My plan is to have an auction service come in attempt to sell everything they can and put the money towards demolition of the building. BUDGET IMPACT NA STAFF RECOMMENDED ACTION Motion to approve the consent agenda will automatically approve this item. If pulled, then the following motion would be requested. Motion to approve all remaining items at the old Casey’s gas station as surplus property. SUPPORTING DATA/ATTACHMENTS STAFF MEMO Prepared by: Police Chief Meeting Date: 09/15/2025 ☒ Consent Agenda Item ☐ Regular Agenda Item Agenda Item # 4l Reviewed by: Item: New Office Hire – Jakob Navratil ACTION REQUESTED Authorize the hire of Jakob Navratil to full time officer BOARD/COMMISSION/COMMITTEE RECOMMENDATION PREVIOUS COUNCIL ACTION REFERENCE AND BACKGROUND The City of St. Joseph recently posted to fill vacancies in the police department. Jakob Navratil applied and was interviewed. The panel selected Jakob Navratil and gave him a conditional offer based on background, physical, psychological and council approval. Jakob has completed and passed the first 3 and looking for council approval. BUDGET IMPACT STAFF RECOMMENDED ACTION Hire Jakob Navratil to Step 1 on the police officer grade. Jakob Navratil will receive 40 hours of front-loaded sick leave and 40 hours of front-loaded vacation leave. Jakob Navratil will receive a $1,500 bonus after completing the 1 year probation and a $1,500 bonus for completing 2 years of continued service. SUPPORTING DATA/ATTACHMENTS STAFF MEMO Prepared by: Police Chief Meeting Date: 09/15/2025 ☒ Consent Agenda Item ☐ Regular Agenda Item Agenda Item # 4m Reviewed by: Item: Renew contract extension with Axon ACTION REQUESTED Extend the contract extension with Axon through 2030 BOARD/COMMISSION/COMMITTEE RECOMMENDATION PREVIOUS COUNCIL ACTION REFERENCE AND BACKGROUND The St. Joseph Police Department currently uses Axon to provide our Conducted Energy Weapons (tasers), In squad video system (Fleet 3), and our Body Worn Cameras (Body 3). We purchased these items and using funds like public safety funds, ARPA, and other sources. We paid for the items through 2027. Currently Axon has reached out and is offering to extend our current contract from 2027 to 2030 while capturing the prices of 2025. A zoom meeting was scheduled between the police department, finance department, and Axon. It was determined that this was a cost savings to the city as we are very satisfied with the equipment and the equipment is far superior to the competition on the market. BUDGET IMPACT STAFF RECOMMENDED ACTION Extend out the contract to 2030 with Axon. SUPPORTING DATA/ATTACHMENTS See attached. aoa N\ra j F. a? tr , 3 F: (g -o Er a t Ei + o ar t z > c- ' o i =g ) .i Q h oa t r \\o_ o _ .L xF=JF -c O *o r FF c vr a q? OU J = (J r - E .< t p == 9 FE c ou t CL FU F(!EE=aDo)og cs Eq t i. j 3g EP B g E5 € , J ,I DnE e= e c ! = ? I t6 EE = - E 3 5E E 3 5 EF E € E { rI =- iF i i E x E, E qf i@E6 -E -5:-E t aE.g,no F2Eo-n =8U J Fq - : oa a g 5= - * . E ,, s3 = g " i E 5 6. !A EP ! E Se 9, : 6 E N: r EE a . 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Ioo) _9o)(, -coo, CoEoooo) 'o!0)oo .) dlot) IL -ooC_9 ) CJ ) (D(oo Os!a o=(UE.9U) STAFF MEMO Prepared by: Lori Bartlett, Finance Director Meeting Date: 9-15-25 ☒ Consent Agenda Item ☐ Regular Agenda Item Agenda Item # 4n Reviewed by: Item: 2025 Transfers Priority N/A ACTION REQUESTED Consider authorization of the 2025 transfers as presented. BOARD/COMMISSION/COMMITTEE RECOMMENDATION None PREVIOUS COUNCIL ACTION Council approved 2025 street improvements including Minnesota St W overlay. Council approved Minnesota St W turnback from Stearns County several years ago with a $99,500 payment for future street maintenance. REFERENCE AND BACKGROUND Operating: The General fund received $99,500 when the city took over Minnesota St W from Stearns County. The money was set aside for future maintenance of Minnesota St W. The 2025 street improvements include Minnesota St W. Bond funding for the 2025 street improvements considered using the $99,500 towards the Minnesota St W project costs. The transfer request is to move the turnback funds from the General fund reserves to Fund 420 – 2025 Street Improvements. BUDGET IMPACT $99,500 between funds STAFF RECOMMENDED ACTION Authorize the 2025 transfers as presented. SUPPORTING DATA/ATTACHMENTS 2025 Transfers City of St. Joseph, Minnesota Transfers Requested September 15, 2025 for Financial Year 2025 Fund Description Amount In Amount Out Purpose Operating: 101 General Fund 99,500.00 move MN Street turnback reserves from Stearns 420 2025 Street Improvements 99,500.00 County to the 2025 street improvements for MN St overlay STAFF MEMO Prepared by: Lori Bartlett, Finance Director Meeting Date: 9-15-25 ☒ Consent Agenda Item ☐ Regular Agenda Item Agenda Item # 4o Reviewed by: Item: 2025 Flower Basket Funding Priority N/A ACTION REQUESTED 1. Consider funding $5,000 towards the flower basket project in 2025 using debt relief reserves. 2. Consider continuing funding $5,000 in 2026 out of the Public Works operational budget. BOARD/COMMISSION/COMMITTEE RECOMMENDATION EDA funded brackets for the hanging baskets. PREVIOUS COUNCIL ACTION Council approved a community group to sell flower baskets to help beautify the downtown area. The council funds the UTV, fertilizers and water for the hanging baskets, along with repairs/replacements for the brackets in the budget. Council approves funding of $1,800 annually for flower baskets. REFERENCE AND BACKGROUND Carol Theisen from the flower basket committee is requesting $5,000 to offset watering staff time the committee pays for out of the proceeds they receive from selling the flower baskets. With the short- fall from COVID-19 years, the committee’s reserve funds have dried up. The reserve funds have helped keep the project afloat for the past couple years. The committee is also asking for an additional $5,000 in 2026 to help the flower basket reserves to be replenished. The city pays the flower watering staff grade 1, step 1 on the city pay scale. Wages have increased to keep the seasonal workers on staff. Initially water times were approximately 1.5-2 hours. With the additions to the number of baskets, watering takes 3-4 hours each day. The city does not water when it rains at least 1” during the day. The city bills the committee through the St. Joseph Chamber for the watering time plus payroll taxes twice per year, in July and October. BUDGET IMPACT $5,000 in 2025 and 2026 STAFF RECOMMENDED ACTION Authorize the flower basket funding as requested. SUPPORTING DATA/ATTACHMENTS Flower Basket Funding Request STAFF MEMO Prepared by: City Clerk Meeting Date: 9/15/25 ☐ Consent Agenda Item ☒ Regular Agenda Item Agenda Item # 5 Reviewed by: Item: Fire Department Report – Keith Louwagie ACTION REQUESTED Consider approval to increase the pension amount from $3,600 per year of service to $4,600 per year of service effective 1-1-2026. BOARD/COMMISSION/COMMITTEE RECOMMENDATION N/A PREVIOUS COUNCIL ACTION N/A REFERENCE AND BACKGROUND Captain Keith Louwagie will be present to provide an overview of the Public Employees Retirement Association (PERA) of MN Statewide Volunteer Firefighter Plan for the fire department. The department is also asking for an increase to the pension in the amount of $4,600 per year of service. With the increase to $4,600 the department would still be funded at 104%. BUDGET IMPACT N/A STAFF RECOMMENDED ACTION Consider approval to increase the pension amount from $3,600 per year of service to $4,600 per year of service effective 1-1-2026. SUPPORTING DATA/ATTACHMENTS PERA MN Statewide Volunteer Firefighter Plan CITY OF ST JOSEPH Page 1 Public Employees Retirement Association of Minnesota Statewide Volunteer Firefighter Plan Actuarial Valuation Report as of December 31, 2025 for the City of St Joseph Volunteer Fire Department City of St Joseph Volunteer Fire Department Table of Contents Cover Letter - Executive Summary 1 Summary of Results................................................................................................................................ 1 Valuation Results 2 Financial Requirement for Following Calendar Year .............................................................................. 2 Benefit Level Analysis ............................................................................................................................. 2 Projection of Accrued Liability ............................................................................................................... 3 Projection of Assets ................................................................................................................................ 3 (Gain) / Loss ............................................................................................................................................ 3 Cost Impact of Increase in Benefit Level ................................................................................................ 4 Summary of Participant Data ........................................................................................................................ 5 Assessment of Risk ........................................................................................................................................ 6 Low-Default-Risk Obligation Measure ......................................................................................................... 7 Methods and Assumptions ........................................................................................................................... 8 Summary of Plan Provisions ......................................................................................................................... 9 Plan Member Detail .................................................................................................................................... 10 July 15, 2025 Public Employees Retirement Association of Minnesota St. Paul, Minnesota Re: City of St Joseph Volunteer Fire Department Actuarial Valuation as of December 31, 2025 Dear PERA Trustees: The results of the December 31, 2025 Actuarial Valuation of the City of St Joseph Volunteer Fire Department (the Plan) are presented in this report. This report was prepared at the request of the Board and is intended for use by the Public Employees Retirement Association (PERA) and the Plan and those designated or approved by the Board or the Plan. This report may be provided to parties other than PERA and the Plan only in its entirety and only with the permission of the Board or the Plan. GRS is not responsible for unauthorized use of this report. The purposes of the valuation are to measure the Plan’s funding progress and to determine the required contribution for the fiscal year ending December 31, 2026. This report should not be relied on for any purpose other than the purposes described herein. Determinations of financial results, associated with the benefits described in this report, for purposes other than those identified above may be significantly different. The contribution in this report is determined using the actuarial assumptions and methods disclosed on page 8 of this report. This report includes risk metrics on page 6 but does not include a more robust assessment of the risks of future experience not meeting the actuarial assumptions. Additional assessment of risks was outside the scope of this assignment. This valuation assumed the continuing ability of the governing body to make the contributions necessary to fund this plan. A determination regarding whether or not the governing body is actually able to do so is outside our scope of expertise and was not performed. The findings in this report are based on data and other information through December 31, 2024. The valuation was based upon information furnished by PERA concerning the Plan, financial transactions, plan provisions, and active and terminated members. We checked for internal reasonability and year-to-year consistency, but did not audit the data. We are not responsible for the accuracy or completeness of the information provided by PERA. Public Employees Retirement Association of MN City of St Joseph Volunteer Fire Department July 15, 2025 Page 2 Actuarial assumptions, including discount rates, and others identified in this report, are prescribed by Minnesota Statutes Section 353G.08, the Legislative Commission on Pensions and Retirement (LCPR), and the Trustees. These parties are responsible for selecting the plan’s funding policy, actuarial valuation methods, asset valuation methods and assumptions. The policies, methods and assumptions used in this valuation are those that have been so prescribed and are described in the Methods and Assumptions section of this report. PERA is solely responsible for communicating to GRS any changes required thereto. All actuarial assumptions used in this report are reasonable for the purposes of this valuation. The combined effect of the assumptions is expected to have no significant bias (i.e. not significantly optimistic or pessimistic). All actuarial assumptions and methods used in the valuation follow the guidance in the applicable Actuarial Standards of Practice. Additional information about the actuarial assumptions is included in the section of this report entitled Methods and Assumptions. We have assessed that the contribution allocation procedure calculated under the current funding policy is a reasonable Actuarially Determined Employer Contribution (ADEC) and is not significantly inconsistent with the plan accumulating adequate assets to make benefit payments when due. This report was prepared using our proprietary valuation model and related software which, in our professional judgment, has the capability to provide results that are consistent with the purposes of the valuation and has no material limitations or known weaknesses. We performed tests to ensure that the model reasonably represents that which is intended to be modeled. This report has been prepared by actuaries who have substantial experience valuing public employee retirement systems. To the best of our knowledge, the information contained in this report is accurate and fairly presents the actuarial position of the Plan as of the valuation date and was performed in accordance with the requirements of Minnesota Statutes Section 353G.08, and the requirements of the Standards for Actuarial Work established by the LCPR. All calculations have been made in conformity with generally accepted actuarial principles and practices, with the Actuarial Standards of Practice issued by the Actuarial Standards Board, and with applicable statutes. Bonita J. Wurst and Sheryl L. Christensen are Members of the American Academy of Actuaries (MAAA) and meet the Qualification Standards of the American Academy of Actuaries to render the actuarial opinions contained herein. In addition, GRS meets the requirements of “approved actuary” under Minnesota Statutes Section 356.215, Subdivision 1, Paragraph (c). The signing actuaries are independent of the plan sponsor. Respectfully submitted, Gabriel, Roeder, Smith & Company Bonita J. Wurst, ASA, EA, FCA, MAAA Sheryl L. Christensen, FSA, EA, FCA, MAAA City of St Joseph Volunteer Fire Department 1 Executive Summary The Required Contributions for 2025 and 2026 are summarized in the following table: Summary of Results Plan Data 2025 2024 1. Current Benefit Level 2. Number of Participants $ 3,600 $ N/A a. Active members 30 N/A b. Deferred members 6 N/A c. Total 36 N/A Funded Status 2025 2024 1. Projected Assets at End of Year $ 1,521,494 $ N/A 2. Accrued Liability at End of Year 1,198,173 N/A 3. Surplus / (Deficit) $ 323,321 $ N/A 4. Funded Ratio 126.98% N/A 5. Account Status Surplus Over Full Funding N/A Contributions 2025 2024 1. Financial Requirement a. Total Financial Requirement $ 110,243 $ N/A b. Reduction to the Financial Requirement (171,896) N/A c. Required Contribution $ 0 $ N/A 2. Contribution Due Date 12/31/2026 12/31/2025 City of St Joseph Volunteer Fire Department 2 Valuation Results Financial Requirement for Following Calendar Year 2025 2024 1. Determination of Surplus / (Deficit) a. Projected Assets $ 1,521,494 $ N/A b. Accrued Liability 1,198,173 N/A 2. Surplus / (Deficit) [1a-1b] $ 323,321 $ N/A 3. Financial Requirement Charges a. Increase/(Decrease) in liability $ 108,083 $ N/A b. Administrative Fees 2,160 N/A c. One-Tenth of Deficit / (Surplus)^ 0 N/A d. Net Financial Requirement Charge [3a+3b+3c, not less than zero] $ 110,243 $ N/A 4. Financial Requirement Credits a. Fire State Aid Current Year x 1.035 $ (70,261) $ N/A b. Supplemental State Aid Current Year (10,345) N/A c. 6% interest on Projected Present Assets (91,290) N/A d. Net Financial Requirement Credit [4a+4b+4c] $ (171,896) $ N/A 5. Required Contribution [3d+4d, not less than zero] $ 0 $ N/A 6. Contribution Due Date 12/31/2026 12/31/2025 Benefit Level Analysis 2025 2024 1. Current Benefit Level $ 3,600 $ N/A 2. Financial Requirement Charges 110,243 N/A 3. Fire State Aid (including supplemental aid) 80,606 N/A 4. Fire State Aid Use Ratio 137% N/A ^ Zero if the plan has had a surplus for only one year. Your organization uses all of the available Fire State Aid towards its financial requirement. City of St Joseph Volunteer Fire Department 3 Projection of Accrued Liability 2025 2024 1. Active Member Liability $ 933,248 $ N/A 2. Deferred Member Liability 264,925 N/A 3. Total Accrued Liability at year-end (1+2) $ 1,198,173 $ N/A 4. Projected Accrued Liability at next year-end 1,306,256 N/A 5. Increase/(Decrease) in Liability (4-3) $ 108,083 $ N/A Projection of Assets 2025 2024 1. Actual Assets at Beginning of Year 2. Projected Change in Asset Value $ 1,363,608 $ N/A a. Fire State Aid 67,885 N/A b. Fire Supplemental Aid 10,345 N/A c. Required Contribution* 0 N/A d. Net Investment Income 81,816 N/A e. PERA Administrative Fee (2,160) N/A f. Net Change in Present Assets $ 157,886 $ N/A 3. Projected Assets at End of Year $ 1,521,494 $ N/A * Unpaid invoices and anticipated receipts. City of St Joseph Volunteer Fire Department 4 Cost Impact of Increase in Benefit Level 2025 Benefit Level $3,600 (Current) $3,700 $3,800 $4,600 1. Determination of Surplus / (Deficit) a. Projected Assets $ 1,521,494 $ 1,521,494 $ 1,521,494 $ 1,521,494 b. Accrued Liability 1,198,173 1,224,097 1,250,020 1,457,409 2. Surplus / (Deficit) [1a-1b] $ 323,321 $ 297,397 $ 271,474 $ 64,085 3. Funded Ratio [1a/1b] 126.98% 124.30% 121.72% 104.40% 4. Financial Requirement Charges a. Increase/(Decrease) in liability $ 108,083 $ 110,677 $ 113,272 $ 134,029 b. Administrative Fees 2,160 2,160 2,160 2,160 c. One-Tenth of Deficit / (Surplus)^ 0 0 0 0 d. Net Financial Requirement Charge [4a+4b+4c, not less than zero] $ 110,243 $ 112,837 $ 115,432 $ 136,189 5. Financial Requirement Credits a. Fire State Aid Current Year x 1.035 $ (70,261) $ (70,261) $ (70,261) $ (70,261) b. Supplemental State Aid Current Year (10,345) (10,345) (10,345) (10,345) c. 6% interest on Projected Present Assets (91,290) (91,290) (91,290) (91,290) d. Net Financial Requirement Credit [5a+5b+5c] $ (171,896) $ (171,896) $ (171,896) $ (171,896) 6. Required Contribution [4d+5d, not less than zero] $ 0 $ 0 $ 0 $ 0 ^ Zero if the plan has had a surplus for only one year. City of St Joseph Volunteer Fire Department 5 Summary of Participant Data December 31, 2025 December 31, 2024 Active Members Number 30 N/A Average Age 39.7 N/A Average Service 10.6 N/A Deferred Vested Members Number 6 N/A Average Age 50.0 N/A Total Benefits $ 299,930 $ N/A City of St Joseph Volunteer Fire Department 6 Risks Associated with Measuring the Accrued Liability and Actuarially Determined Contribution The determination of the accrued liability and the actuarially determined contribution requires the use of assumptions regarding future economic and demographic experience. Risk measures, as illustrated in this report, are intended to aid in the understanding of the effects of future experience differing from the assumptions used in the course of the actuarial valuation. Risk measures may also help with illustrating the potential volatility in the accrued liability and the actuarially determined contribution that result from the differences between actual experience and the actuarial assumptions. Future actuarial measurements may differ significantly from the current measurements presented in this report due to such factors as the following: plan experience differing from that anticipated by the economic or demographic assumptions; changes in economic or demographic assumptions due to changing conditions; increases or decreases expected as part of the natural operation of the methodology used for these measurements (such as the end of an amortization period, or additional cost or contribution requirements based on the Plan’s funded status); and changes in plan provisions or applicable law. The scope of an actuarial valuation does not include an analysis of the potential range of such future measurements. Examples of risk that may reasonably be anticipated to significantly affect the plan’s future financial condition include: 1. Investment Risk – actual investment returns may differ from the expected returns; 2. Asset/Liability Mismatch – changes in asset values may not match changes in liabilities, and are highly dependent on the timing of lump sum payments, thereby altering the gap between the accrued liability and assets and consequently altering the funded status and contribution requirements; 3. Contribution Risk – actual contributions may differ from expected future contributions. For example, actual contributions may not be made in accordance with the plan’s funding policy or material changes may occur in the anticipated number of covered employees or other relevant contribution base; 4. Other Demographic Risks – members may terminate, retire or become disabled at times or with benefits other than assumed resulting in actual future accrued liability and contributions differing from expected. The effects of certain trends in experience can generally be anticipated. For example, if the investment return since the most recent actuarial valuation is less (or more) than the assumed rate, the cost of the plan can be expected to increase (or decrease). The required contribution shown on page 1 may be considered as a minimum contribution that complies with Minnesota Statutes. The timely receipt of the actuarially determined contributions is critical to support the financial health of the plan. Users of this report should be aware that contributions made at the actuarially determined rate do not necessarily guarantee benefit security. Additional Risk Assessment Additional risk assessment is outside the scope of the annual actuarial valuation. Additional assessment may include scenario tests, sensitivity tests, stochastic modeling, stress tests, and a comparison of the present value of accrued benefits at low-risk discount rates with the actuarial accrued liability. City of St Joseph Volunteer Fire Department 7 Low-Default-Risk Obligation Measure Actuarial Standards of Practice No. 4 (ASOP No. 4) was revised and reissued in December 2021 by the Actuarial Standards Board (ASB). It includes a new calculation called a Low-Default-Risk Obligation Measure (LDROM) to be prepared and issued annually for defined benefit pension plans. The transmittal memorandum for ASOP No. 4 includes the following explanation: “The ASB believes that the calculation and disclosure of this measure provides appropriate, useful information for the intended user regarding the funded status of a pension plan. The calculation and disclosure of this additional measure is not intended to suggest that this is the “right” liability measure for a pension plan. However, the ASB does believe that this additional disclosure provides a more complete assessment of a plan’s funded status and provides additional information regarding the security of benefits that members have earned as of the measurement date.” The following information has been prepared in compliance with this new requirement. Unless otherwise noted, the measurement date, actuarial cost methods, and assumptions used are the same as for the funding valuation covered in this actuarial valuation report. A. Low-Default-Risk Obligation Measure of benefits earned as of the measurement date: $1,214,867 B. Discount rate used to calculate the LDROM: 5.54% C. Other significant assumptions that differ from those used for the funding valuation: none D. Actuarial cost method used to calculate the LDROM: Entry Age Actuarial Cost Method E. Valuation procedures to value any significant plan provisions that are difficult to measure using traditional valuation procedures, and that differ from the procedures used in the funding valuation: none F. The LDROM is a market-based measurement of the pension obligation. It estimates the amount the plan would need to invest in low risk securities to provide the benefits with greater certainty. This measure may not be appropriate for assessing the need for or amount of future contributions. This measure may not be appropriate for assessing the sufficiency of plan assets to cover the estimated cost of settling the plan’s benefit obligation. The difference between the two measures (Valuation and LDROM) is one illustration of the savings the sponsor anticipates by taking on the risk in a diversified portfolio. City of St Joseph Volunteer Fire Department 8 Methods and Assumptions Actuarial Methods Valuation Date December 31, 2025, projected from data as of December 31, 2024 Funding Method Entry age normal level dollar with no pre-retirement decrements per MN Statutes 353G.08 Market Assets Trustee value plus any receivable income and less any payables Actuarial Assets Market assets projected to the end of the valuation year, per MN Statutes 353G.08 Economic Assumptions Valuation Rate 6.00%, net of investment expenses Increases to Fire State Aid 3.50% per year Future Benefit Level Increases None Interest on Deferred Benefits As indicated in member data Other Assumptions Mortality (pre-retirement) None Mortality (post-retirement) Not Applicable Disability None Withdrawal None Retirement Age Later of Age 50 or 20 years of service Form of Payment Lump Sum Administrative Expenses $60 per participant. Service For liability purposes, active member service at retirement is rounded. Assumption Changes: Administrative Expenses were updated to $60 per participant beginning in plan year 2025. City of St Joseph Volunteer Fire Department 9 Summary of Plan Provisions Following is a summary of the major plan provisions used to determine the plan’s financial position. It should not be used in determining plan benefits. Fire Department City of St Joseph Volunteer Fire Department Plan Year Calendar year Vesting Schedule Members are 40% vested upon completion of 5 years of service. The vesting percentage increases by 4% for each complete year of service above 5 years until the member is 100% vested with 20 years of service. Normal Form of Payment Lump sum Deferred Vested Benefit Eligible upon termination, after completion of at least 5 years of service. Lump sum of $3,600 per year of service, subject to the vesting schedule, payable at age 50. The benefit may be subject to an interest rate credit during the time that a member is deferred. Normal Retirement Benefit Eligible upon attainment of age 50 and completion of 20 years of service. Lump sum of $3,600 per year of service. City of St Joseph Volunteer Fire Department 10 Plan Member Detail* As of 12/31/2024 Member Name Status Date of Entry Total Service Credits Whole Service Years Vesting Status^ Vesting %^ Vested Benefit^ 12/31/2025 Liability& Projected Ben at Ret Abdi Abdiaziz Active 1/14/2025 0 0 Not Vested 0% $0 $1,471 $100,800 Adam Scepaniak Active 9/24/2019 63 5 Vested 40% $7,200 $13,653 $72,000 Andrew Kremer Active 6/6/2014 126 10 Vested 60% $21,600 $29,722 $82,800 Andrew Moneypenny Active 1/14/2025 0 0 Not Vested 0% $0 $1,366 $108,000 Andrew Mooney Active 11/9/2021 37 3 Not Vested 0% $0 $6,435 $100,800 Bret Jacobson Active 11/9/2021 37 3 Not Vested 0% $0 $6,202 $104,400 Christopher Zetah Active 1/14/2025 0 0 Not Vested 0% $0 $1,957 $72,000 Clark Palmer Active 7/12/2022 29 2 Not Vested 0% $0 $6,231 $72,000 Cole Staneart Active 7/12/2022 29 2 Not Vested 0% $0 $5,037 $93,600 Cory Molitor Active 2/14/2012 154 12 Vested 68% $29,376 $37,026 $82,800 Dan Voigt Active 7/14/2015 113 9 Vested 56% $18,144 $25,799 $72,000 David Abonce Active 1/14/2025 0 0 Not Vested 0% $0 $1,471 $100,800 David Salzer Active 7/12/2005 233 19 Vested 96% $65,664 $58,204 $93,600 Emily Chaphalker Active 1/14/2025 0 0 Not Vested 0% $0 $1,957 $72,000 Jack Taufen Active 11/9/2021 37 3 Not Vested 0% $0 $6,202 $104,400 Jake Richter Active 9/8/2020 51 4 Not Vested 0% $0 $7,701 $108,000 Jeff Taufen Active 11/5/1996 337 28 Vested 100% $100,800 $104,400 $104,400 Joe Bye Active 6/11/2013 138 11 Vested 64% $25,344 $36,958 $72,000 Joe Orcutt Active 6/6/2014 126 10 Vested 60% $21,600 $27,674 $90,000 John Prom Active 5/1/2004 247 20 Vested 100% $72,000 $76,451 $82,800 Josh Schloemer Active 10/11/2005 230 19 Vested 96% $65,664 $48,410 $111,600 Justin Hunt Active 7/14/2015 113 9 Vested 56% $18,144 $23,223 $82,800 Keith Louwagie Active 1/13/2009 191 15 Vested 80% $43,200 $55,221 $72,000 Ken Jacobson Active 5/1/2004 247 20 Vested 100% $72,000 $79,200 $79,200 Kurt Krekelberg Active 5/11/1999 307 25 Vested 100% $90,000 $97,200 $97,200 Mike Folkerts Active 2/14/2012 154 12 Vested 68% $29,376 $41,133 $72,000 Patrick Kealiher Active 1/14/2025 0 0 Not Vested 0% $0 $1,957 $72,000 Ronald Schmidt Active 2/14/2012 154 12 Vested 68% $29,376 $41,133 $72,000 Shirlie Brill Active 5/1/2004 247 20 Vested 100% $72,000 $79,200 $79,200 Tyler Koepke Active 9/8/2020 51 4 Not Vested 0% $0 $10,656 $75,600 Amanda Rathbun Deferred $10,304 Dan Muyres Deferred $30,129 Frank Loso Deferred $75,806 Justin Honer Deferred $46,121 Keith Simon Deferred $49,173 Paul Phillip Deferred $53,392 *Information was provided by PERA for valuation purposes and should not be relied upon. Any changes in the data provided would produce different valuation results and estimated benefit amounts. ^Based only on service earned in the City of St Joseph Volunteer Fire Department. &May not sum to total liability shown elsewhere in this report due to rounding. Reflects data, assumption, methods and plan provisions as of December 31, 2025. Benefits for active members are based on a benefit level of $3,600 per whole year of service. Members are 40% vested at 5 years of service, increasing to 100% at 20 years of service. For a more complete description see page 9 of this report. The SVF Member Plan information should be shared in accordance with the Governing Bodies data practices, as PERA does not provide volunteer firefighters with individual benefit calculations. STAFF MEMO Prepared by: Community Development Meeting Date: 9/15/25 ☐ Consent Agenda Item ☒ Regular Agenda Item Agenda Item 6 Reviewed by: Item: 6 – Conditional Use Permit Green Cross, C-Corp – Indoor Cannabis Cultivation ACTION REQUESTED Motion to approve resolution 2025-061. Council can table, deny, or add additional conditions to the resolution. If Conditional Use permit is denied substantial determinations with specific findings that state, the use is not in compliance with city ordinances would need to occur. BOARD/COMMISSION/COMMITTEE RECOMMENDATION Planning Commission conducted public hearing at their September 8th meeting (applicant was the only one to speak). Planning Commission recommended (5-0) approval of the C.U.P; resolution with added conditions of: • Security camera installed on outside • Trash receptacle area must be within the gated area, and the gate must be closed at all times PREVIOUS COUNCIL ACTION Council approved ordinance modifications in July to allow Indoor Greenhouses including Cannabis Cultivation as a permitted use in the I-1 Light Industrial District and as a Conditional Use in the B-2 Highway Business District. REFERENCE AND BACKGROUND Daniel Clark who owns Green Cross, C-Corp a licensed Cannabis Cultivation business is proposing to utilize approximately 3,322 square feet of the former Sunset Manufacturing building. The building and property are owned by Cory Ehlert. Proposal is to lease the space for the use. The property is shown below with the area of the building highlighted that Mr. Clark is proposing to use. The growing operations will be conducted in the interior of the building and not visible from the street. No exterior signage is proposed nor are any exterior improvements proposed. The facility will have fans with charcoal and HEPA filters and be fully sealed so no air is exhausted outside. All waste will be contained and handled through compost methods, and carbon filters to control any odor. A backup exterior waste bin will be available if needed. The property has three parking spaces in the front, and the owner only anticipates needing 1-2 spaces. The Council has the right to add conditions to protect the public interest per Code and shown below: Conditions. In the granting of its approval, City Council may impose conditions regarding the location, character and other features of the proposed building, structure or use as it may deem advisable in the furtherance of the purposes of this Ordinance. Violation of any such condition is a violation of this Ordinance. These conditions may include but are not limited to the following: 1. Controlling the location and number of access points thereon with particular reference to vehicle and pedestrian safety and convenience, traffic flow and control, and access in case of fire or other catastrophe. 2. Requiring diking, berming, fencing, screening, landscaping or other facilities to protect adjacent or nearby property. 3. Limiting the number, size, location or lighting of signs, and proposed exterior lighting with reference to glare, traffic safety, economic effect and compatibility and harmony with properties in the district. 4. Designating sites for open space. 5. Increasing the required lot size or yard dimensions. 6. Limiting the height, size, number or location of buildings. 7. Designating operating hours and noise levels. 8. Any other condition the Planning Commission or City Council deems necessary to protect the public interest. Conditions included in the resolution are: • Template language ensuring applicant is responsible to meet all state, federal, local requirements for permits and licenses. • City reserves the right to conduct inspections • All city ordinances (parking, lighting, etc.) shall be adhered to • All odors shall be controlled so as to not create any nuisances • No exterior storage of materials and any waste disposed of shall not create any nuisances and be contained with receptacles that have closed lids • Revocation and expiration language. • If the use expands more than 25% above 3,322 square feet a new C.U.P. is needed • Security cameras shall be installed • Gate where the trash receptacles are located shall be locked or kept shut at all times BUDGET IMPACT: None. SUPPORTING DATA/ATTACHMENTS: C.U.P. application Exhibits Resolution 2025-061 approving a Finding of Fact with conditions. Conditional Use Permit Application, City of St. Joseph Page 1 of 2 Conditional Use Permit Application FEE: $400 Date Received Applicant: Phone: Email: Mailing Address: Property Owner: Phone: Email: Mailing Address: PROJECT INFORMATION: Project/Development Name Project Location Parcel Identification Number (PIN): Legal Description of Property (attach a separate document if needed): Purpose of Conditional Use Permit: Hours of operation, including days and times: Submission Requirements: Application for a Conditional Use Permit shall be on this form and include the established application fee. The application and copies of the site plan shall be submitted three (3) weeks prior to the next Planning Commission meeting. Ten (10) 11x17 copies of the site plan drawn to scale, along with an electronic copy to scale showing the property dimensions, wetlands, floodplains, grading and drainage, landscaping, location of utilities, location of all existing and proposed buildings and their sizes, including square footage; location of all existing and proposed curb cuts, driveways, access roads, parking spaces, off-street loading areas, and sidewalks must be submitted in the initial application. The City may request additional data deemed reasonable and necessary related to the conditional use. Daniel Clark dba Green Cross, C- Corp 415-745-4956 clarkdaniel605@gmail.com 5627 Green Circle Dr, Apt 303, Hopkins, MN 55343 Cory Ehlert 320-420-1052 cory@centralmnrealty.com 427 12th Ave SE, Saint Joseph, MN 56374 Green Cross Cannabis Cultivation Facility 417 1st Ave NE, St Joseph MN 56374 84.53579.000 A licensed indoor cannabis cultivation facility as a Conditional Use. MonFri 8:00 AM6:00 PM, Sat 10:00 AM4:00 PM, Closed Sund Docusign Envelope ID: 7A035F90-B592-4DD0-A049-F9547FFF7D26Authentisign ID: FBBF2D8C-1E82-F011-B484-00224822F75A Conditional Use Permit Application, City of St. Joseph Page 2 of 2 A written narrative outlining the Conditional Use requested, along with any information explaining the operation is required to be submitted as part of your application. Review and Decision by the City Council. The City Council shall review the application after the Planning Commission has made its recommendation and will make a final determination to either approve or deny the application. In the granting of approval, the City Council may impose conditions regarding the location, character and other features of the proposed building, structure or use as it may deem necessary. This application must be signed by all owners of the subject property. We, the undersigned, have read and understand the above and that we are responsible for reimbursing the City for any additional legal, engineering, building inspection or planning fees related to the Conditional Use. Signature of Applicant Date Signature of Owner (s) Date Questions: Phone (320) 229-9425 Submit completed application to: St. Joseph Government Center 75 Callaway St E St. Joseph, MN 56374 Docusign Envelope ID: 7A035F90-B592-4DD0-A049-F9547FFF7D26 8/25/2025 Authentisign ID: FBBF2D8C-1E82-F011-B484-00224822F75A 001 SHEET NO. DATE SHEET TITLE 1'':5'08-24-2025 SITE PLAN SCALE: ARCHITECT DRAWN Deen's consult Deen's consult CHECKED BY Deen's consult CLIENT: DANIEL CLARK Architects , Planners & Project Managers DEEN'S CONSULTS ISMAILAOTU@GMAIL.COM - OLIVE-WATER OIL RESERVOIR (265 GALLON) - CHARCOAL FILTER INLINE FAN (8 INCH) - HEPPA FILTER INLINE FAN (12 INCH) - CAMERA - DEHUMIDIFER - SMOKE ALARM - CO2 ALARMS - WALL FANS SECURE STORAGE (10' x 10') CURE-GROW -PACKAGING TENT (10' x 10') LED LIGHT (6' x 4') CURE-GROW -PACKAGING TENT (10' x 10') CURE-GROW -PACKAGING TENT (10' x 10') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') HEATER HEATER CO2 GENERATOR GAS LINE CO2 GENERATOR ELECTRIC PANEL 7'4'-6" 5'ROOMBATH SITE PLAN COMPOST TUMBLERS 60 ' 42' 22'EMERGENCY EXIT WASTE WALL FANS WASTE SINK INLINE FANS Written Narrative for Zoning Text Amendment Request Re: Amendment to B-2 Highway Commercial Zoning Ordinance to Allow Cannabis Cultivation and/or Retail as a Conditional Use How you would be impacted by the zoning text amendment: As the applicant, I am pursuing a legal, licensed cannabis cultivation facility within a B-2 Highway Commercial zone. Without an amendment to allow this use, either directly or via Conditional Use Permit, I am unable to establish operations at 28 East Elm Street, despite the building being ideally suited for this type of secure, indoor use. This limitation would prevent us from launching a clean, regulated, job-creating business in a commercial space that otherwise meets all logistical, safety, and infrastructure needs. Parcel Identification Number (PIN): 84.53579.000 Location: 28 East Elm Street, Saint Joseph, MN Zoning: B-2 Highway Commercial Request: Zoning Text Amendment to allow Cannabis Cultivation as a Conditional Use Ordinance Section: Section 502.54 - B-2 Highway Commercial District Existing Ordinance Language (Excerpt from Section 502.54) Existing Ordinance Language (Excerpt from Section 502.54) Current Conditional Uses in B-2 Zoning District may include: - Automobile service stations - Car washes - Drive-through restaurants - Commercial greenhouses and nurseries (Note: Cannabis cultivation is not currently listed.) Proposed Language for Ordinance Amendment Add the following use under Conditional Uses in the B-2 Highway Commercial District: "Indoor Cannabis Cultivation Facilities shall be allowed as a Conditional Use in the B-2 Highway Commercial District, subject to full compliance with all applicable State of Minnesota cannabis regulations and any local performance standards. How the text amendment meets the intent of the Comprehensive Plan: This amendment supports the City of St. Joseph’s long-term goals for: ●Economic development ●Entrepreneurial growth ●Responsible redevelopment of existing commercial infrastructure Docusign Envelope ID: 7A035F90-B592-4DD0-A049-F9547FFF7D26Authentisign ID: FBBF2D8C-1E82-F011-B484-00224822F75A Zoning Text Amendment submitted last month and only included as reference It creates opportunities for organic partnerships with other local businesses, including future retail collaboration where we could sell excess product to your retail store while our retail store is in Uptown Minneapolis and there could be potential relationships with craft distilleries. This aligns with the city's goal to foster innovation, attract responsible investment, and grow its tax base in a sustainable, community-focused way. How the text amendment will impact the zoning code: The amendment simply adds clarity and adaptability to a commercial zoning district by allowing a newly legalized industry to operate under a Conditional Use Permit. This gives the city full authority to: ●Evaluate applications case by case ●Apply any operational restrictions ●Ensure public safety and compatibility It brings the code up to date with evolving state regulations while preserving local control and oversight. How the text amendment will impact the subdivision code: There is no impact on the subdivision code. This request involves no changes to lot lines, land divisions, or parcel configurations. All operations will occur within an existing building. Closing Statement: Our landlord has been a lifelong member of the St. Joseph community and supports our efforts to build a safe, high-integrity cannabis business. We believe this will help elevate the city’s reputation across Minnesota. If retail were permitted in the future, our product quality is such that tourists would travel from the Twin Cities to visit the St. Joseph cannabis shop — and spend money at other local businesses along the way. In addition, with the DEA’s plan to restrict THCA gummies and drinks starting January 1st, we foresee new partnership opportunities with local distilleries as the market shifts toward regulated cannabis-infused beverages — a growth opportunity we’d love to pursue in St. Joseph. We respectfully request the Planning Commission and City Council consider this zoning Docusign Envelope ID: 7A035F90-B592-4DD0-A049-F9547FFF7D26Authentisign ID: FBBF2D8C-1E82-F011-B484-00224822F75A text amendment so we can proceed with the required Conditional Use Permit and help strengthen the city’s economic future. Docusign Envelope ID: 7A035F90-B592-4DD0-A049-F9547FFF7D26Authentisign ID: FBBF2D8C-1E82-F011-B484-00224822F75A Attachment B: Legal Description Subdivision Name: LOSO'S ADD Lot 005, Block 023 Section 10, Township 124, Range 29 City of St. Joseph, Stearns County, Minnesota Docusign Envelope ID: 7A035F90-B592-4DD0-A049-F9547FFF7D26Authentisign ID: FBBF2D8C-1E82-F011-B484-00224822F75A Green Cross Cannabis Cultivation Facility – Project Synopsis Project Intent & Purpose The facility will be used for licensed indoor cannabis cultivation, curing, trimming, and packaging. All cultivation and post-harvest work occurs in sealed, cleanroom tents equipped with charcoal and HEPA filtration to ensure odor control and compliance with Minnesota standards. Square Footage Large cultivation/production area: 2,604 sq. ft. Garage opening (front): 660 sq. ft. Bathroom + hallway: 57.5 sq. ft. Total: 3,321.5 sq. ft. Exterior Improvements & Signage No exterior improvements are planned. No signage is proposed. Two security cameras only; facility remains low-visibility. Odor Control & Waste Removal 12–14 inline 1,100 CFM fans with charcoal & HEPA filters (odor and mold prevention). Fully sealed room; no air exhausted outside. Waste Plan: - Compost tumblers for coco-coir, roots, and stems (primary method). - Gated exterior waste bin for backup disposal if needed. - 8–12 carbon filters supplement waste odor control. Parking Spaces needed: 1–2 Spaces available: 3 (in front of building). Employees Initial: Owner/operator (Daniel Clark) and investor. Future: Potential for 1–2 hires within the first year. 001 SHEET NO. DATE SHEET TITLE 1'':5'08-24-2025 SITE PLAN SCALE: ARCHITECT DRAWN Deen's consult Deen's consult CHECKED BY Deen's consult CLIENT: DANIEL CLARK Architects , Planners & Project Managers DEEN'S CONSULTS ISMAILAOTU@GMAIL.COM - OLIVE-WATER OIL RESERVOIR (265 GALLON) - CHARCOAL FILTER INLINE FAN (8 INCH) - HEPPA FILTER INLINE FAN (12 INCH) - CAMERA SECURE STORAGE (10' x 10') CURE-GROW -PACKAGING TENT (10' x 10') LED LIGHT (6' x 4') CURE-GROW -PACKAGING TENT (10' x 10') CURE-GROW -PACKAGING TENT (10' x 10') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (6' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') LED LIGHT (4' x 4') ELECTRIC PANEL INLINE FANS HEATER HEATER CO2 GENERATOR GAS LINE CO2 GENERATOR ELECTRIC PANEL 7'4'-6" 5'ROOMBATH SITE PLAN RESOLUTION 2025-061 CONDITIONAL USE PERMIT APPROVAL FOR INDOOR CANNABIS CULTIVATION ON A B-2 HIGHWAY 75 BUSINESS ZONING DISTRICT WHEREAS, Cory Ehlert hereafter referred to as owner and Daniel Clark hereafter referred to as applicant applied for a Conditional Use Permit application for an Indoor Cannabis Cultivation facility on a portion of the subject property described in Exhibit A and shown in Exhibit B; and WHEREAS, the Indoor Cannabis Cultivation area will consist of approximately 3,321 square feet which includes the production/cultivation area along with bathrooms, hallways, and garage area, and WHEREAS, the applicants Cannabis Cultivation facility is referred to as Green Cross, C-Corp; and FINDINGS OF FACT WHEREAS, On September 8th, the St. Joseph Planning Commission conducted a public hearing to consider the application of the applicant who owns Green Cross, C-Corp, for a Conditional Use permit for Indoor Cannabis Cultivation on subject property described in Exhibit A; and WHEREAS, That the matter was duly published and notice was posted in the city designated newspaper and mailed notices were sent to the property owners within three-hundred and fifty (350) feet of the Subject Property; and WHEREAS, That the Subject Property is zoned B-2 Highway 75 Business District and Indoor Greenhouses including Cannabis Cultivation are allowed through a Conditional Use Permit; and WHEREAS, the St. Joseph Planning Commission recommended approval of the Finding of Fact Resolution at their September 8th, 2025 meeting; and NOW THEREFORE, BE IT RESOLVED THAT THE ST. JOSEPH CITY COUNCIL, hereby makes the following Findings of Fact: 1. That the surrounding land uses to the Subject Property are B-2 Highway 75 Business District to the South, West, and East; and to the North is Wobegon trail and City owned parkland; and 2. That the Conditional Use will be located on the Subject Property as depicted in Exhibit B; and 3. The Conditional use will not be detrimental to or endanger public health, safety, morals, comfort, or general welfare of the neighborhood and will be harmonious to the objectives of the Comprehensive Plan of the City; and 4. That the Conditional use will not involve activities, processes, materials, equipment and conditions of operation that will be detrimental to any persons, property, or general welfare of traffic, noise, smoke, fumes, glare or odors; and 5. That the use will not create excessive or additional costs for services and/or be detrimental to the economic welfare of the community; and 6. That access and restrictions will abide by the existing access to the property shown in Exhibit B; and 7. The facility will not result in the destruction, loss, or damage of a natural, scenic, or historic feature of major importance; and 8. The soil conditions are adequate to accommodate the proposed use; and NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF ST. JOSEPH, MINNESOTA, HEREBY RECOMMENDS APPROVAL OF THE CONDITIONAL USE PERMIT BASED ON THE FOLLOWING CONDITIONS: 1. 1. The property owner is responsible for meeting all Federal, State, Local, and City requirements and ordinances and shall obtain any applicable permits and licenses including but not limited to licenses through the Office of Cannabis Management (OCM). 2. 3. 2. Additional City Requirements: That the applicant shall receive Building Permit approval before any interior remodels occur. 3.The City shall have the right to inspect the premises for compliance and safety purposes at any time upon reasonable request. 4.All odors shall be controlled so as not create a nuisance to adjacent properties. This includes the use of HEPA and Charcoal filters on the property. 5.No exterior storage of materials shall occur, and any waste disposed shall occur as to not create any nuisance smells and be contained within a trash receptacle that has a closed lid. The gated area where the trash receptacle is stored shall be kept closed or locked at all times. 6. If the Cannabis Cultivation expands to occupy a 25% larger square footage, then what is proposed (3,322 square feet) an amendment to the Conditional Use Permit shall occur. 7. A security camera shall be installed on the outside of the subject property building where the Cannabis Cultivation will occur. 8. Amendment: This Conditional Use Permit and the terms and conditions therein, may be amended upon Owner’s application to and agreement by the City Council. 9. Revocation: The City Council shall revoke a conditional use permit when it determines that the terms and conditions of the permit as issued are no longer being complied with. A certified copy of an order of the City revoking a conditional use permit shall be filed with the County recorder. 9. Expiration: The conditional use permit shall expire if the authorized use ceases for any reason for more than one (1) year. WHEREAS said Finding of Fact and Decision was declared duly passed and adopted by the St. Joseph City Council on this 15th, day of September 2025. CITY OF ST. JOSEPH ATTEST Mayor, Adam Scepaniak David Murphy, City Administrator Document drafted by: City of St. Joseph 75 Callaway St E St. Joseph, MN 56374 EXHIBIT A - LEGAL DESCRIPTION Lots 5, 6 and 7 in Block 23 of Peter Loso's Addition to the City of St. Joseph, according to the plat and survey thereof on file and of record in the office of the County Recorder, in and for Stearns County, Minnesota; together with the North One-half (N1/2) of the vacated alley lying adjacent to said Lots as shown by document #891696. EXHIBIT B - SITE PLAN Area where the Cannabis Cultivation will occur is highlighted in purple. STAFF MEMO Prepared by: Lori Bartlett, Finance Director Meeting Date: 9-15-25 ☐ Consent Agenda Item ☒ Regular Agenda Item Agenda Item # 7-8 Reviewed by: Item: Issuance General Obligation Bonds, Series 2025A Debt Management Plan Priority: N/A ACTION REQUESTED 1. Review Debt Management Plan, including funding sources to cover debt costs 2. Consider adoption of Resolution 2025-063 providing for the issuance and sale of General Obligation Bonds, Series 2025A. BOARD/COMMISSION/COMMITTEE RECOMMENDATION None PREVIOUS COUNCIL ACTION Council ordered improvements for the 2025 street improvements, awarded construction bid to Knife River and levied assessments to benefited property owners. Council approved the 5-year capital equipment plan, including equipment to be purchased in 2025 partially funded with an equipment certificate. REFERENCE AND BACKGROUND Tammy Omdal, bond financial advisor from Northland Securities, has been working with city staff on the upcoming 2025A bond issue. The GO Improvement Bonds fund the 2025 street improvements in various locations around the city as described in the Pavement Management Plan. The street improvements will be paid for with special assessments and debt levies over a 10-year period. In addition, the city’s remaining portion of the Elm Street extension, CSAH133/Elm Street roundabout, and CSAH2/Minnesota Street roundabout projects will be partially funded with the 2025A GO improvement bonds. Also, part of the bond issue is $445,000 equipment certificates to partially fund equipment planned in the 5-year capital plan for 2025 purchases. Due to the size of the bond issue, the city hired S&P Global to provide a bond rating opinion. The bond rating is viewed by investors that will consider purchasing our municipal bonds. The bond rating provides a lower interest rate on our bonds, depending upon the rating. S&P Global provided an AA- Stable rating on the 202A bonds and reaffirmed this rating on previous debts. Included in this agenda item is a summary of the AA- Stable rating. In addition to the bond issue, Tammy will present the annual Debt Management Study. Tammy prepares an analysis of the outstanding bonds held by the City of St. Joseph. The 2025 debt study (with balances as of 12/31/24 plus the 2025A bond issue) will be presented and handed out at the meeting. Tammy prepared with the assistance of Finance. The debt study provides information of what the required tax levies and other revenue sources should be, what debts might be a candidate to refund or payoff early, how many years remain on each debt, and the summary of the debt costs versus the requirements to pay the total debt. The Debt Management Study is helpful with budgeting for the upcoming year. BUDGET IMPACT $2,355,000 bond issue for 2025A Bonds STAFF RECOMMENDED ACTION Adopt Resolution 2025-063 for the issuance of General Obligation Bonds, Series 2025A SUPPORTING DATA/ATTACHMENTS Resolution 2025-063 providing the Issuance and sale of General Obligation Bonds, Series 2025A 2025 Equipment Certificates Listing S&P Global Bond Rating Summary 174340579v1 EXTRACT OF MINUTES OF A MEETING OF THE CITY COUNCIL OF THE CITY OF ST. JOSEPH, MINNESOTA HELD: SEPTEMBER 15, 2025 Pursuant to due call, a regular or special meeting of the City Council of the City of St. Joseph, Stearns County, Minnesota, was duly held at the City Hall on September 15, 2025, at 6:00 P.M., for the purpose, in part, of authorizing the issuance and awarding the sale of $2,355,000 General Obligation Bonds, Series 2025A. The following members were present: _________________________________________ and the following were absent: ____________________________________________________ Member ______________ introduced the following resolution and moved its adoption: RESOLUTION 2025-063 PROVIDING FOR THE ISSUANCE AND SALE OF $2,355,000 GENERAL OBLIGATION BONDS, SERIES 2025A, PLEDGING FOR THE SECURITY THEREOF SPECIAL ASSESSMENTS AND LEVYING A TAX FOR THE PAYMENT THEREOF A. WHEREAS, the City Council of the City of St. Joseph, Minnesota (the "City") has heretofore determined and declared that it is necessary and expedient to issue $2,355,000 General Obligation Bonds, Series 2025A (the "Bonds" or individually a "Bond"), pursuant to Minnesota Statutes, Chapter 475; and 1. Chapter 429 to finance street improvements within the City (the "Improvements"); and 2. Section 412.301 to finance the purchase of capital equipment for the City (the "Equipment"); and B. WHEREAS, the Improvements and all their components have been ordered prior to the date hereof, pursuant to the procedural requirements of Minnesota Statutes, Chapter 429; and C. WHEREAS, each item of Equipment to be financed by the Equipment Portion of the Bonds, as hereinafter defined, has an expected useful life at least as long as the term of the Equipment Portion of the Bonds; and D. WHEREAS, the principal amount of the Equipment Portion of the Bonds does not exceed one-quarter of one percent (0.25%) of the estimated market value of the taxable property in the City ($717,981,100 times 0.25% is $1,794,953); and 174340579v1 2 E. WHEREAS, the City has retained Government Capital Securities, as its independent municipal advisor for the sale of the Bonds and was therefore authorized to sell the Bonds by private negotiation in accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9); and F. WHEREAS, it is in the best interests of the City that the Bonds be issued in book- entry form as hereinafter provided; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of St. Joseph, Minnesota, as follows: 1. Acceptance of Proposal. The offer of Northland Securities, Inc. (the "Purchaser"), to purchase the Bonds of the City (or individually, a "Bond"), in accordance with the terms and at the rates of interest hereinafter set forth, and to pay therefor the sum of $_________, plus interest accrued to settlement, is hereby accepted. 2. Bond Terms. (a) Original Issue Date; Denominations; Maturities; Term Bond Option. The Bonds shall be dated October 7, 2025, as the date of original issue and shall be issued forthwith on or after such date in fully registered form, shall be numbered from R-1 upward in the denomination of $5,000 each or in any integral multiple thereof of a single maturity (the "Authorized Denominations") and shall mature on December 15 in the years and amounts as follows: Year Amount Year Amount 2026 $ 2031 $ 2027 2032 2028 2033 2029 2034 2030 2035 As may be requested by the Purchaser, one or more term Bonds may be issued having mandatory sinking fund redemption and final maturity amounts conforming to the foregoing principal repayment schedule, and corresponding additions may be made to the provisions of the applicable Bond(s). (b) Allocation. The aggregate principal amount of $______ maturing in each of the years and amounts hereinafter set forth are issued to finance the Improvements (the "Improvement Portion"); the aggregate principal amount of $_______ maturing in each of the years and amounts hereinafter set forth are issued to finance the Equipment (the "Equipment Portion"): Year Improvement Portion Equipment Portion Total 2026 $ $ $ 2027 2028 2029 174340579v1 3 Year Improvement Portion Equipment Portion Total 2030 2031 2032 2033 2034 2035 If Bonds are prepaid, the prepayments shall be allocated to the portions of debt service (and hence allocated to the payment of Bonds treated as relating to a particular portion of debt service) as provided in this paragraph. If the source of prepayment moneys is the general fund of the City, or other generally available source, including the levy of taxes, the prepayment may be allocated to any portions of debt service in such amounts as the City shall determine. If the source of the prepayment is special assessments pledged to the Improvements, the prepayment shall be allocated to the Improvement Portion of debt service. (c) Book Entry Only System. The Depository Trust Company, a limited purpose trust company organized under the laws of the State of New York or any of its successors or its successors to its functions hereunder (the "Depository") will act as securities depository for the Bonds, and to this end: (i) The Bonds shall be initially issued and, so long as they remain in book entry form only (the "Book Entry Only Period"), shall at all times be in the form of a separate single fully registered Bond for each maturity of the Bonds; and for purposes of complying with this requirement under paragraphs 5 and 10 Authorized Denominations for any Bond shall be deemed to be limited during the Book Entry Only Period to the outstanding principal amount of that Bond. (ii) Upon initial issuance, ownership of the Bonds shall be registered in a bond register maintained by the Bond Registrar (as hereinafter defined) in the name of CEDE & CO., as the nominee (it or any nominee of the existing or a successor Depository, the "Nominee"). (iii) With respect to the Bonds neither the City nor the Bond Registrar shall have any responsibility or obligation to any broker, dealer, bank, or any other financial institution for which the Depository holds Bonds as securities depository (the "Participant") or the person for which a Participant holds an interest in the Bonds shown on the books and records of the Participant (the "Beneficial Owner"). Without limiting the immediately preceding sentence, neither the City, nor the Bond Registrar, shall have any such responsibility or obligation with respect to (A) the accuracy of the records of the Depository, the Nominee or any Participant with respect to any ownership interest in the Bonds, or (B) the delivery to any Participant, any Owner or any other person, other than the Depository, of any notice with respect to the Bonds, including any notice of redemption, or (C) the payment to any Participant, any Beneficial Owner or any other person, other than the Depository, of any amount with respect to the principal of or premium, if any, or interest on the Bonds, or (D) the consent given or other action taken by the Depository as the Registered Holder of any Bonds (the "Holder"). For purposes 174340579v1 4 of securing the vote or consent of any Holder under this Resolution, the City may, however, rely upon an omnibus proxy under which the Depository assigns its consenting or voting rights to certain Participants to whose accounts the Bonds are credited on the record date identified in a listing attached to the omnibus proxy. (iv) The City and the Bond Registrar may treat as and deem the Depository to be the absolute owner of the Bonds for the purpose of payment of the principal of and premium, if any, and interest on the Bonds, for the purpose of giving notices of redemption and other matters with respect to the Bonds, for the purpose of obtaining any consent or other action to be taken by Holders for the purpose of registering transfers with respect to such Bonds, and for all purpose whatsoever. The Bond Registrar, as paying agent hereunder, shall pay all principal of and premium, if any, and interest on the Bonds only to the Holder or the Holders of the Bonds as shown on the bond register, and all such payments shall be valid and effective to fully satisfy and discharge the City's obligations with respect to the principal of and premium, if any, and interest on the Bonds to the extent of the sum or sums so paid. (v) Upon delivery by the Depository to the Bond Registrar of written notice to the effect that the Depository has determined to substitute a new Nominee in place of the existing Nominee, and subject to the transfer provisions in paragraph 10, references to the Nominee hereunder shall refer to such new Nominee. (vi) So long as any Bond is registered in the name of a Nominee, all payments with respect to the principal of and premium, if any, and interest on such Bond and all notices with respect to such Bond shall be made and given, respectively, by the Bond Registrar or City, as the case may be, to the Depository as provided in the Letter of Representations to the Depository required by the Depository as a condition to its acting as book-entry Depository for the Bonds (said Letter of Representations, together with any replacement thereof or amendment or substitute thereto, including any standard procedures or policies referenced therein or applicable thereto respecting the procedures and other matters relating to the Depository's role as book-entry Depository for the Bonds, collectively hereinafter referred to as the "Letter of Representations"). (vii) All transfers of beneficial ownership interests in each Bond issued in book-entry form shall be limited in principal amount to Authorized Denominations and shall be effected by procedures by the Depository with the Participants for recording and transferring the ownership of beneficial interests in such Bonds. (viii) In connection with any notice or other communication to be provided to the Holders pursuant to this Resolution by the City or Bond Registrar with respect to any consent or other action to be taken by Holders, the Depository shall consider the date of receipt of notice requesting such consent or other action as the record date for such consent or other action; provided, that the City or the Bond Registrar may establish a special record date for such consent or other action. The City or the Bond Registrar shall, to the extent possible, give the Depository notice of such 174340579v1 5 special record date not less than fifteen calendar days in advance of such special record date to the extent possible. (ix) Any successor Bond Registrar in its written acceptance of its duties under this Resolution and any paying agency/bond registrar agreement, shall agree to take any actions necessary from time to time to comply with the requirements of the Letter of Representations. (d) Termination of Book-Entry Only System. Discontinuance of a particular Depository's services and termination of the book-entry only system may be effected as follows: (i) The Depository may determine to discontinue providing its services with respect to the Bonds at any time by giving written notice to the City and discharging its responsibilities with respect thereto under applicable law. The City may terminate the services of the Depository with respect to the Bond if it determines that the Depository is no longer able to carry out its functions as securities depository or the continuation of the system of book-entry transfers through the Depository is not in the best interests of the City or the Beneficial Owners. (ii) Upon termination of the services of the Depository as provided in the preceding paragraph, and if no substitute securities depository is willing to undertake the functions of the Depository hereunder can be found which, in the opinion of the City, is willing and able to assume such functions upon reasonable or customary terms, or if the City determines that it is in the best interests of the City or the Beneficial Owners of the Bond that the Beneficial Owners be able to obtain certificates for the Bonds, the Bonds shall no longer be registered as being registered in the bond register in the name of the Nominee, but may be registered in whatever name or names the Holder of the Bonds shall designate at that time, in accordance with paragraph 10. To the extent that the Beneficial Owners are designated as the transferee by the Holders, in accordance with paragraph 10, the Bonds will be delivered to the Beneficial Owners. (iii) Nothing in this subparagraph (d) shall limit or restrict the provisions of paragraph 10. (e) Letter of Representations. The provisions in the Letter of Representations are incorporated herein by reference and made a part of the resolution, and if and to the extent any such provisions are inconsistent with the other provisions of this resolution, the provisions in the Letter of Representations shall control. 3. Purpose. The Improvement Portion of the Bonds shall provide funds to finance the Improvements. The Equipment Portion of the Bonds shall provide funds to finance the acquisition of the Equipment. The Improvements and the Equipment are herein referred to together as the Project. The total cost of the Project, which shall include all costs enumerated in Minnesota Statutes, Section 475.65, is estimated to be at least equal to the amount of the Bonds. The City covenants that it shall do all things and perform all acts required of it to assure that work on the Project proceeds with due diligence to completion and that any and all permits and studies required under law for the Project are obtained. 174340579v1 6 4. Interest. The Bonds shall bear interest payable semiannually on June 15 and December 15 of each year (each, an "Interest Payment Date"), commencing June 15, 2026, calculated on the basis of a 360-day year of twelve 30-day months, at the respective rates per annum set forth opposite the maturity years as follows: Maturity Year Interest Rate 2026 % 2027 2028 2029 2030 2031 2032 2033 2034 2035 5. Redemption. All Bonds maturing on December 15, 2034 and thereafter, shall be subject to redemption and prepayment at the option of the City on December 15, 2033, and on any date thereafter at a price of par plus accrued interest. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the maturities and the principal amounts within each maturity to be redeemed shall be determined by the City; and if only part of the Bonds having a common maturity date are called for prepayment, the specific Bonds to be prepaid shall be chosen by lot by the Bond Registrar. Bonds or portions thereof called for redemption shall be due and payable on the redemption date, and interest thereon shall cease to accrue from and after the redemption date. Mailed notice of redemption shall be given to the paying agent and to each affected registered holder of the Bonds at least thirty (30) days prior to the date fixed for redemption. To effect a partial redemption of Bonds having a common maturity date, the Bond Registrar prior to giving notice of redemption shall assign to each Bond having a common maturity date a distinctive number for each $5,000 of the principal amount of such Bond. The Bond Registrar shall then select by lot, using such method of selection as it shall deem proper in its discretion, from the numbers so assigned to such Bonds, as many numbers as, at $5,000 for each number, shall equal the principal amount of such Bonds to be redeemed. The Bonds to be redeemed shall be the Bonds to which were assigned numbers so selected; provided, however, that only so much of the principal amount of each such Bond of a denomination of more than $5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. If a Bond is to be redeemed only in part, it shall be surrendered to the Bond Registrar (with, if the City or Bond Registrar so requires, a written instrument of transfer in form satisfactory to the City and Bond Registrar duly executed by the Holder thereof or the Holder's attorney duly authorized in writing) and the City shall execute (if necessary) and the Bond Registrar shall authenticate and deliver to the Holder of the Bond, without service charge, a new Bond or Bonds having the same stated maturity and interest rate and of any Authorized Denomination or Denominations, as requested by the Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered. 174340579v1 7 6. Bond Registrar. Northland Bond Services, a division of First National Bank of Omaha, in Minneapolis, Minnesota, is appointed to act as bond registrar and transfer agent with respect to the Bonds (the "Bond Registrar"), and shall do so unless and until a successor Bond Registrar is duly appointed, all pursuant to any contract the City and any successor Bond Registrar shall execute which is consistent herewith. The Bond Registrar shall also serve as paying agent unless and until a successor paying agent is duly appointed. Principal and interest on the Bonds shall be paid to the registered holders (or record holders) of the Bonds in the manner set forth in the form of Bond and paragraph 12. 7. Form of Bond. The Bonds, together with the Bond Registrar's Certificate of Authentication, the form of Assignment and the registration information thereon, shall be in substantially the form set forth on Exhibit A attached hereto. 8. Execution. The Bonds shall be in typewritten form, shall be executed on behalf of the City by the signatures of its Mayor and City Administrator and be sealed with the seal of the City; provided, as permitted by law, both signatures may be photocopied facsimiles and the corporate seal has been omitted. In the event of disability or resignation or other absence of either officer, the Bonds may be signed by the manual or facsimile signature of the officer who may act on behalf of the absent or disabled officer. In case either officer whose signature or facsimile of whose signature shall appear on the Bonds shall cease to be such officer before the delivery of the Bonds, the signature or facsimile shall nevertheless be valid and sufficient for all purposes, the same as if the officer had remained in office until delivery. 9. Authentication. No Bond shall be valid or obligatory for any purpose or be entitled to any security or benefit under this resolution unless a Certificate of Authentication on the Bond, substantially in the form set forth on Exhibit A attached hereto, shall have been duly executed by an authorized representative of the Bond Registrar. Certificates of Authentication on different Bonds need not be signed by the same person. The Bond Registrar shall authenticate the signatures of officers of the City on each Bond by execution of the Certificate of Authentication on the Bond and by inserting as the date of registration in the space provided the date on which the Bond is authenticated, except that for purposes of delivering the original Bonds to the Purchaser, the Bond Registrar shall insert as a date of registration the date of original issue, which date is October 7, 2025. The Certificate of Authentication so executed on each Bond shall be conclusive evidence that it has been authenticated and delivered under this resolution. 10. Registration; Transfer; Exchange. The City will cause to be kept at the principal office of the Bond Registrar a bond register in which, subject to such reasonable regulations as the Bond Registrar may prescribe, the Bond Registrar shall provide for the registration of Bonds and the registration of transfers of Bonds entitled to be registered or transferred as herein provided. Upon surrender for transfer of any Bond at the principal office of the Bond Registrar, the City shall execute (if necessary), and the Bond Registrar shall authenticate, insert the date of registration (as provided in paragraph 9) of, and deliver, in the name of the designated transferee or transferees, one or more new Bonds of any Authorized Denomination or Denominations of a like aggregate principal amount, having the same stated maturity and interest rate, as requested by the transferor; provided, however, that no Bond may be registered in blank or in the name of "bearer" or similar designation. 174340579v1 8 At the option of the Holder, Bonds may be exchanged for Bonds of any Authorized Denomination or Denominations of a like aggregate principal amount and stated maturity, upon surrender of the Bonds to be exchanged at the principal office of the Bond Registrar. Whenever any Bonds are so surrendered for exchange, the City shall execute (if necessary), and the Bond Registrar shall authenticate, insert the date of registration of, and deliver the Bonds which the Holder making the exchange is entitled to receive. All Bonds surrendered upon any exchange or transfer provided for in this resolution shall be promptly canceled by the Bond Registrar and thereafter disposed of as directed by the City. All Bonds delivered in exchange for or upon transfer of Bonds shall be valid general obligations of the City evidencing the same debt, and entitled to the same benefits under this resolution, as the Bonds surrendered for such exchange or transfer. Every Bond presented or surrendered for transfer or exchange shall be duly endorsed or be accompanied by a written instrument of transfer, in form satisfactory to the Bond Registrar, duly executed by the Holder thereof or the Holder's attorney duly authorized in writing. The Bond Registrar may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with the transfer or exchange of any Bond and any legal or unusual costs regarding transfers and lost Bonds. Transfers shall also be subject to reasonable regulations of the City contained in any agreement with the Bond Registrar, including regulations which permit the Bond Registrar to close its transfer books between record dates and payment dates. The Finance Director is hereby authorized to negotiate and execute the terms of said agreement. 11. Rights Upon Transfer or Exchange. Each Bond delivered upon transfer of or in exchange for or in lieu of any other Bond shall carry all the rights to interest accrued and unpaid, and to accrue, which were carried by such other Bond. 12. Interest Payment; Record Date. Interest on any Bond shall be paid on each Interest Payment Date by check or draft mailed to the person in whose name the Bond is registered (the "Holder") on the registration books of the City maintained by the Bond Registrar and at the address appearing thereon at the close of business on the first (1st) day of the calendar month of such Interest Payment Date (the "Regular Record Date"). Any such interest not so timely paid shall cease to be payable to the person who is the Holder thereof as of the Regular Record Date, and shall be payable to the person who is the Holder thereof at the close of business on a date (the "Special Record Date") fixed by the Bond Registrar whenever money becomes available for payment of the defaulted interest. Notice of the Special Record Date shall be given by the Bond Registrar to the Holders not less than ten (10) days prior to the Special Record Date. 13. Treatment of Registered Owner. The City and Bond Registrar may treat the person in whose name any Bond is registered as the owner of such Bond for the purpose of receiving payment of principal of and premium, if any, and interest (subject to the payment provisions in paragraph 12) on, such Bond and for all other purposes whatsoever whether or not such Bond shall be overdue, and neither the City nor the Bond Registrar shall be affected by notice to the contrary. 174340579v1 9 14. Delivery; Application of Proceeds. The Bonds when so prepared and executed shall be delivered by the Finance Director to the Purchaser upon receipt of the purchase price, and the Purchaser shall not be obliged to see to the proper application thereof. 15. Fund and Accounts. There is hereby established a special fund to be designated "General Obligation Bonds, Series 2025A Fund" (the "Fund") to be administered and maintained by the Finance Director as a bookkeeping account separate and apart from all other funds maintained in the official financial records of the City. The Fund shall be maintained in the manner herein specified until all of the Bonds and the interest thereon have been fully paid. There shall be maintained in the Fund two separate accounts to be designated the "Construction Account" and the "Debt Service Account." (a) Construction Account. To the Construction Account there shall be credited the proceeds of the sale of the Bonds, plus any special assessments levied with respect to the Improvements and collected prior to completion of the Improvements and payment of the costs thereof. From the Construction Account there shall be paid all costs and expenses related to the Project, including the cost of any construction contracts heretofore let and all other costs incurred and to be incurred of the kind authorized in Minnesota Statutes, Section 475.65; and the moneys in the Construction Account shall be used for no other purpose except as otherwise provided by law; provided that the proceeds of the Bonds may also be used to the extent necessary to pay interest on the Bonds due prior to the anticipated date of commencement of the receipt of the collection of taxes or special assessments herein levied or covenanted to be levied; and provided further that if upon completion of the Project, there shall remain any unexpended balance in the Construction Account, the balance (other than any special assessments) may be transferred to the Debt Service Account or any funds attributable to the Improvement Portion of the Bonds may be transferred to the fund of any other improvement instituted pursuant to Minnesota Statutes, Chapter 429, and provided further that any special assessments credited to the Construction Account shall only be applied towards payment of the costs of the Improvements upon adoption of a resolution by the City Council determining that the application of the special assessments for such purpose will not cause the City to no longer be in compliance with Minnesota Statutes, Section 475.61, Subdivision 1. (b) Debt Service Account. There shall be maintained separate subaccounts in the Debt Service Account to be designated the "Improvements Debt Service Subaccount" and the "Equipment Debt Service Subaccount." There are hereby irrevocably appropriated and pledged to, and there shall be credited to the separate subaccounts of the Debt Service Account: (i) Improvements Debt Service Subaccount. To the Improvements Debt Service Subaccount there shall be credited: (A) all collections of special assessments herein covenanted to be levied with respect to the Improvements and either initially credited to the Construction Account and not already spent a permitted above and required to pay any principal and interest due on the Improvement Portion of the Bonds or collected subsequent to the completion of the Improvements and payment of the costs thereof; (B) all collections of taxes herein or hereinafter levied for the payment of the Improvement Portion of the Bonds and interest thereon; (C) a pro rata share of all funds remaining in the Construction Account after completion of the Improvements and payment of the costs thereof; (D) all investment earnings on funds held in the Improvements Debt Service Subaccount; and (E) any and all other moneys which are properly available and are appropriated by the governing body of the City to the 174340579v1 10 Improvements Debt Service Subaccount. The amount of any surplus remaining in the Improvement Debt Service Subaccount when the Improvement Portion of the Bonds and interest thereon are paid shall be used consistent with Minnesota Statutes, Section 475.61, Subdivision 4.) The Debt Service Account shall be used solely to pay the principal and interest on the Improvement Portion of the Bonds and any other general obligation bonds of the City hereafter issued by the City and made payable from said account as provided by law. (ii) Equipment Debt Service Subaccount. To the Equipment Debt Service Subaccount there shall be credited: (A) all collections of taxes herein or hereinafter levied for the payment of the Equipment Portion of the Bonds and interest thereon; (B) a pro rata share of all funds remaining in the Construction Account after the acquisition of the Equipment and payment of the costs thereof; (C) all investment earnings on funds held in the Equipment Debt Service Subaccount; and (D) any and all other moneys which are properly available and are appropriated by the governing body of the City to the Equipment Debt Service Subaccount. The amount of any surplus remaining in the Equipment Debt Service Subaccount when the Equipment Portion of the Bonds and interest thereon are paid shall be used consistent with Minnesota Statutes, Section 475.61, Subdivision 4. The Equipment Debt Service Subaccount shall be used solely to pay the principal and interest of the Equipment Portion of the Bonds and any other general obligation bonds of the City hereafter issued by the City and made payable from said account as provided by law. No portion of the proceeds of the Bonds shall be used directly or indirectly to acquire higher yielding investments or to replace funds which were used directly or indirectly to acquire higher yielding investments, except (1) for a reasonable temporary period until such proceeds are needed for the purpose for which the Bonds were issued and (2) in addition to the above in an amount not greater than the lesser of five percent of the proceeds of the Bonds or $100,000. To this effect, any proceeds of the Bonds and any sums from time to time held in the Construction Account or Debt Service Account (or any other City account which will be used to pay principal or interest to become due on the bonds payable therefrom) in excess of amounts which under then applicable federal arbitrage regulations may be invested without regard to yield shall not be invested at a yield in excess of the applicable yield restrictions imposed by said arbitrage regulations on such investments after taking into account any applicable "temporary periods" or "minor portion" made available under the federal arbitrage regulations. Money in the Fund shall not be invested in obligations or deposits issued by, guaranteed by or insured by the United States or any agency or instrumentality thereof if and to the extent that such investment would cause the Bonds to be "federally guaranteed" within the meaning of Section 149(b) of the Internal Revenue Code of 1986, as amended (the "Code"). 16. Covenants Relating to the Improvement Portion of the Bonds. (a) Special Assessments. It is hereby determined that no less than twenty (20%) percent of the cost to the City of each Improvement financed hereunder within the meaning of Minnesota Statutes, Section 475.58, Subdivision 1(3), shall be paid by special assessments to be levied against every assessable lot, piece and parcel of land benefited by any of the Improvements. The City hereby covenants and agrees that it will let all construction contracts not heretofore let within one year after ordering each Improvement financed hereunder unless the resolution ordering the Improvement specifies a different time limit for the letting of 174340579v1 11 construction contracts. The City hereby further covenants and agrees that it will do and perform as soon as they may be done all acts and things necessary for the final and valid levy of such special assessments, and in the event that any such assessment be at any time held invalid with respect to any lot, piece or parcel of land due to any error, defect, or irregularity in any action or proceedings taken or to be taken by the City or the City Council or any of the City officers or employees, either in the making of the assessments or in the performance of any condition precedent thereto, the City and the City Council will forthwith do all further acts and take all further proceedings as may be required by law to make the assessments a valid and binding lien upon such property. The special assessments have heretofore been authorized. Subject to such adjustments as are required by conditions in existence at the time the assessments are levied, it is hereby determined that the assessments shall be payable in equal, consecutive, annual installments, including both principal and interest, with interest at a rate per annum set forth below: Improvement Designation Amount Levy Years Collection Years Rate See Attached Schedule in Exhibit A At the time the assessments are in fact levied the City Council shall, based on the then- current estimated collections of the assessments, make any adjustments in any ad valorem taxes required to be levied in order to assure that the City continues to be in compliance with Minnesota Statutes, Section 475.61, Subdivision 1. (b) Tax Levy. To provide moneys for payment of the principal and interest on the Improvement Portion of the Bonds there is hereby levied upon all of the taxable property in the City a direct annual ad valorem tax which shall be spread upon the tax rolls and collected with and as part of other general property taxes in the City for the years and in the amounts as follows: Year of Tax Levy Year of Tax Collection Amount See Attached Schedule in Exhibit B (c) Coverage Test. The tax levies are such that if collected in full they will produce at least five percent in excess of the amount needed to meet when due the principal and interest payments on the Improvement Portion of the Bonds. The tax levies shall be irrepealable so long as any of the Improvement Portion of the Bonds are outstanding and unpaid, provided that the City reserves the right and power to reduce the levies in the manner and to the extent permitted by Minnesota Statutes, Section 475.61, Subdivision 3. 17. Covenants Relating to the Equipment Portion of the Bonds; Tax Levy; Coverage Test. To provide moneys for payment of the principal and interest on the Equipment Portion of the Bonds there is hereby levied upon all of the taxable property in the City a direct annual ad valorem tax which shall be spread upon the tax rolls and collected with and as part of other general property taxes in the City for the years and in the amounts as follows: Levy Years Collection Years Amount See attached schedule in Exhibit B 174340579v1 12 The tax levies are such that if collected in full they will produce at least five percent in excess of the amount needed to meet when due the principal and interest payments on the Equipment Portion of the Bonds. The tax levies shall be irrepealable so long as any of the Equipment Portion of the Bonds are outstanding and unpaid, provided that the City reserves the right and power to reduce the levies in the manner and to the extent permitted by Minnesota Statutes, Section 475.61, Subdivision 3. 18. General Obligation Pledge. For the prompt and full payment of the principal and interest on the Bonds, as the same respectively become due, the full faith, credit and taxing powers of the City shall be and are hereby irrevocably pledged. If the balance in the Debt Service Account is ever insufficient to pay all principal and interest then due on the Bonds and any other bonds payable therefrom, the deficiency shall be promptly paid out of any other funds of the City which are available for such purpose, and such other funds may be reimbursed with or without interest from the Debt Service Account when a sufficient balance is available therein. 19. Defeasance. When all Bonds have been discharged as provided in this paragraph, all pledges, covenants and other rights granted by this resolution to the registered holders of the Bonds shall, to the extent permitted by law, cease. The City may discharge its obligations with respect to any Bonds which are due on any date by irrevocably depositing with the Bond Registrar on or before that date a sum sufficient for the payment thereof in full; or if any Bond should not be paid when due, it may nevertheless be discharged by depositing with the Bond Registrar a sum sufficient for the payment thereof in full with interest accrued to the date of such deposit. The City may also discharge its obligations with respect to any prepayable Bonds called for redemption on any date when they are prepayable according to their terms, by depositing with the Bond Registrar on or before that date a sum sufficient for the payment thereof in full, provided that notice of redemption thereof has been duly given. The City may also at any time discharge its obligations with respect to any Bonds, subject to the provisions of law now or hereafter authorizing and regulating such action, by depositing irrevocably in escrow, with a suitable banking institution qualified by law as an escrow agent for this purpose, cash or securities described in Minnesota Statutes, Section 475.67, Subdivision 8, bearing interest payable at such times and at such rates and maturing on such dates as shall be required, without regard to sale and/or reinvestment, to pay all amounts to become due thereon to maturity or, if notice of redemption as herein required has been duly provided for, to such earlier redemption date. 20. Compliance With Reimbursement Bond Regulations. The provisions of this paragraph are intended to establish and provide for the City's compliance with United States Treasury Regulations Section 1.150-2 (the "Reimbursement Regulations") applicable to the "reimbursement proceeds" of the Bonds, being those portions thereof which will be used by the City to reimburse itself for any expenditure which the City paid or will have paid prior to the Closing Date (a "Reimbursement Expenditure"). The City hereby certifies and/or covenants as follows: (a) Not later than sixty days after the date of payment of a Reimbursement Expenditure, the City (or person designated to do so on behalf of the City) has made or will have made a written declaration of the City's official intent (a "Declaration") which effectively (i) states the City's reasonable expectation to reimburse itself for the payment of the Reimbursement Expenditure out of the proceeds of a subsequent borrowing; (ii) gives a general and functional 174340579v1 13 description of the property, project or program to which the Declaration relates and for which the Reimbursement Expenditure is paid, or identifies a specific fund or account of the City and the general functional purpose thereof from which the Reimbursement Expenditure was to be paid (collectively the "Program"); and (iii) states the maximum principal amount of debt expected to be issued by the City for the purpose of financing the Program; provided, however, that no such Declaration shall necessarily have been made with respect to: (i) "preliminary expenditures" for the Program, defined in the Reimbursement Regulations to include engineering or architectural, surveying and soil testing expenses and similar prefatory costs, which in the aggregate do not exceed twenty percent of the "issue price" of the Bonds, and (ii) a de minimis amount of Reimbursement Expenditures not in excess of the lesser of $100,000 or five percent of the proceeds of the Bonds. (b) Each Reimbursement Expenditure is a capital expenditure or a cost of issuance of the Bonds or any of the other types of expenditures described in Section 1.150-2(d)(3) of the Reimbursement Regulations. (c) The "reimbursement allocation" described in the Reimbursement Regulations for each Reimbursement Expenditure shall and will be made forthwith following (but not prior to) the issuance of the Bonds, and not later than three years after the later of (i) the date of the payment of the Reimbursement Expenditure, or (ii) the date on which the Program to which the Reimbursement Expenditure relates is first placed in service. (d) Each such reimbursement allocation will be made in a writing that evidences the City's use of Bond proceeds to reimburse the Reimbursement Expenditure and, if made within 30 days after the Bonds are issued, shall be treated as made on the day the Bonds are issued. Provided, however, that the City may take action contrary to any of the foregoing covenants in this paragraph upon receipt of an opinion of its Bond Counsel for the Bonds stating in effect that such action will not impair the tax-exempt status of the Bonds. 21. Certificate of Registration and Tax Levy. A certified copy of this resolution is hereby directed to be filed in the office of the County Auditor of Stearns County, together with such other information as the County Auditor shall require, and to obtain the County Auditor's Certificate that the Bonds have been entered in the Bond Register and the tax levies required by law have been made. 22. Continuing Disclosure. The City is the sole obligated person with respect to the Bonds. The City hereby agrees, in accordance with the provisions of Rule 15c2-12 (the "Rule"), promulgated by the Securities and Exchange Commission (the "Commission") pursuant to the Securities Exchange Act of 1934, as amended, and a Continuing Disclosure Undertaking (the "Undertaking") hereinafter described to: (a) Provide or cause to be provided to the Municipal Securities Rulemaking Board (the "MSRB") by filing at www.emma.msrb.org in accordance with the Rule, certain annual financial information and operating data in accordance with the Undertaking. The City reserves the right to modify from time to time the terms of the Undertaking as provided therein. 174340579v1 14 (b) Provide or cause to be provided to the MSRB notice of the occurrence of certain events with respect to the Bonds in not more than ten (10) business days after the occurrence of the event, in accordance with the Undertaking. (c) Provide or cause to be provided to the MSRB notice of a failure by the City to provide the annual financial information with respect to the City described in the Undertaking, in not more than ten (10) business days following such occurrence. (d) The City agrees that its covenants pursuant to the Rule set forth in this paragraph and in the Undertaking is intended to be for the benefit of the Holders of the Bonds and shall be enforceable on behalf of such Holders; provided that the right to enforce the provisions of these covenants shall be limited to a right to obtain specific enforcement of the City's obligations under the covenants. The Mayor and City Administrator of the City, or any other officer of the City authorized to act in their place (the "Officers") are hereby authorized and directed to execute on behalf of the City the Undertaking in substantially the form presented to the City Council subject to such modifications thereof or additions thereto as are (i) consistent with the requirements under the Rule, (ii) required by the Purchaser of the Bonds, and (iii) acceptable to the Officers. 23. Records and Certificates. The officers of the City are hereby authorized and directed to prepare and furnish to the Purchaser, and to the attorneys approving the legality of the issuance of the Bonds, certified copies of all proceedings and records of the City relating to the Bonds and to the financial condition and affairs of the City, and such other affidavits, certificates and information as are required to show the facts relating to the legality and marketability of the Bonds as the same appear from the books and records under their custody and control or as otherwise known to them, and all such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed representations of the City as to the facts recited therein. 24. Negative Covenant as to Use of Bond Proceeds and Project. The City hereby covenants not to use the proceeds of the Bonds or to use the Project, or to cause or permit them to be used, or to enter into any deferred payment arrangements for the cost of the Project, in such a manner as to cause the Bonds to be "private activity bonds" within the meaning of Sections 103 and 141 through 150 of the Code. 25. Tax-Exempt Status of the Bonds; Rebate. The City shall comply with requirements necessary under the Code to establish and maintain the exclusion from gross income under Section 103 of the Code of the interest on the Bonds, including without limitation (i) requirements relating to temporary periods for investments, (ii) limitations on amounts invested at a yield greater than the yield on the Bonds, and (iii) the rebate of excess investment earnings to the United States if the Bonds (together with other obligations reasonably expected to be issued and outstanding at one time in this calendar year) exceed the small-issuer exception amount of $5,000,000. For purposes of qualifying for the small issuer exception to the federal arbitrage rebate requirements for governmental units issuing $5,000,000 or less of bonds, the City hereby finds, determines and declares that (i) the Bonds are issued by a governmental unit with general taxing powers; (ii) no Bonds are a private activity bond; (iii) 95% or more of the net proceeds of the Bonds are to be used for local governmental activities of the City (or of a governmental unit the 174340579v1 15 jurisdiction of which is entirely within the jurisdiction of the City); and (iv) the aggregate face amount of all tax-exempt bonds (other than private activity bonds) issued by the City (and all entities subordinate to, or treated as one issuer with the City) during the calendar year in which the Bonds are issued and outstanding at one time is not reasonably expected to exceed $5,000,000, all within the meaning of Section 148(f)(4)(D) of the Code. 26. Designation of Qualified Tax-Exempt Obligations. In order to qualify the Bonds as "qualified tax-exempt obligations" within the meaning of Section 265(b)(3) of the Code, the City hereby makes the following factual statements and representations: (a) the Bonds are issued after August 7, 1986; (b) the Bonds are not "private activity bonds" as defined in Section 141 of the Code; (c) the City hereby designates the Bonds as "qualified tax exempt obligations" for purposes of Section 265(b)(3) of the Code; (d) the reasonably anticipated amount of tax exempt obligations (other than private activity bonds, treating qualified 501(c)(3) bonds as not being private activity bonds) which will be issued by the City (and all entities treated as one issuer with the City, and all subordinate entities whose obligations are treated as issued by the City) during this calendar year 2025 will not exceed $10,000,000; (e) not more than $10,000,000 of obligations issued by the City during this calendar year 2025 have been designated for purposes of Section 265(b)(3) of the Code; and (f) the aggregate face amount of the Bonds does not exceed $10,000,000. The City shall use its best efforts to comply with any federal procedural requirements which may apply in order to effectuate the designation made by this paragraph. 27. Official Statement. The Official Statement relating to the Bonds prepared and distributed by the Purchaser is hereby approved and the officers of the City are authorized in connection with the delivery of the Bonds to sign such certificates as may be necessary with respect to the completeness and accuracy of the Official Statement. 28. Severability. If any section, paragraph or provision of this resolution shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions of this resolution. 29. Headings. Headings in this resolution are included for convenience of reference only and are not a part hereof, and shall not limit or define the meaning of any provision hereof. The motion for the adoption of the foregoing resolution was duly seconded by member __________________ and, after a full discussion thereof and upon a vote being taken thereon, the following voted in favor thereof:________________________________________________; and the following voted against the same: ______________. Whereupon the resolution was declared duly passed and adopted. 174340579v1 16 STATE OF MINNESOTA COUNTY OF STEARNS CITY OF ST. JOSEPH I, the undersigned, being the duly qualified and acting Clerk of the City of St. Joseph, Minnesota, DO HEREBY CERTIFY that I have compared the attached and foregoing extract of minutes with the original thereof on file in my office, and that the same is a full, true and complete transcript of the minutes of a meeting of the City Council, duly called and held on the date therein indicated, insofar as such minutes relate to authorizing the issuance and awarding the sale of $2,535,000 General Obligation Bonds, Series 2025A. WITNESS my hand on September 15, 2025. ________________________________ Kayla Klein, Clerk 174340579v1 A-1 EXHIBIT A FORM OF BOND UNITED STATES OF AMERICA STATE OF MINNESOTA STEARNS COUNTY CITY OF ST. JOSEPH R-_______ $_________ GENERAL OBLIGATION BOND, SERIES 2025A Interest Rate Maturity Date Date of Original Issue CUSIP % December 15, October 7, 2025 REGISTERED OWNER: CEDE & CO. PRINCIPAL AMOUNT: THE CITY OF ST. JOSEPH, STEARNS COUNTY, MINNESOTA (the "Issuer"), certifies that it is indebted and for value received promises to pay to the registered owner specified above, or registered assigns, unless called for earlier redemption, in the manner hereinafter set forth, the principal amount specified above, on the maturity date specified above, and to pay interest thereon semiannually on June 15 and December 15 of each year (each, an "Interest Payment Date"), commencing June 15, 2026, at the rate per annum specified above (calculated on the basis of a 360-day year of twelve 30-day months) until the principal sum is paid or has been provided for. This Bond will bear interest from the most recent Interest Payment Date to which interest has been paid or, if no interest has been paid, from the date of original issue hereof. The principal of and premium, if any, on this Bond are payable upon presentation and surrender hereof at the principal office of Northland Bond Services, a division of First National Bank of Omaha, in Minneapolis, Minnesota (the "Bond Registrar"), acting as paying agent, or any successor paying agent duly appointed by the Issuer. Interest on this Bond will be paid on each Interest Payment Date by check or draft mailed to the person in whose name this Bond is registered (the "Holder" or "Bondholder") on the registration books of the Issuer maintained by the Bond Registrar and at the address appearing thereon at the close of business on the first (1st) day of the calendar month of such Interest Payment Date (the "Regular Record Date"). Any interest not so timely paid shall cease to be payable to the person who is the Holder hereof as of the Regular Record Date, and shall be payable to the person who is the Holder hereof at the close of business on a date (the "Special Record Date") fixed by the Bond Registrar whenever money becomes available for payment of the defaulted interest. Notice of the Special Record Date shall be given to Bondholders not less than ten days prior to the Special Record Date. The principal of and premium, if any, and interest on this Bond are payable in lawful money of the United States of America. So long as this Bond is registered in the name of the 174340579v1 Depository or its Nominee as provided in the Resolution hereinafter described, and as those terms are defined therein, payment of principal of, premium, if any, and interest on this Bond and notice with respect thereto shall be made as provided in the Letter of Representations, as defined in the Resolution, and surrender of this Bond shall not be required for payment of the redemption price upon a partial redemption of this Bond. Until termination of the book-entry only system pursuant to the Resolution, Bonds may only be registered in the name of the Depository or its Nominee. Optional Redemption. All Bonds of this issue (the "Bonds") maturing on December 15, 2034, and thereafter, are subject to redemption and prepayment at the option of the Issuer on December 15, 2033, and on any date thereafter at a price of par plus accrued interest. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemption is in part, the maturities and the principal amounts within each maturity to be redeemed shall be determined by the Issuer; and if only part of the Bonds having a common maturity date are called for prepayment, the specific Bonds to be prepaid shall be chosen by lot by the Bond Registrar. Bonds or portions thereof called for redemption shall be due and payable on the redemption date, and interest thereon shall cease to accrue from and after the redemption date. Mailed notice of redemption shall be given to the paying agent and to each affected registered holder of the Bonds thirty (30) days prior to the date fixed for redemption. Prior to the date on which any Bond or Bonds are directed by the Issuer to be redeemed in advance of maturity, the Issuer will cause notice of the call thereof for redemption identifying the Bonds to be redeemed to be mailed to the Bond Registrar and all Bondholders, at the addresses shown on the Bond Register. All Bonds so called for redemption will cease to bear interest on the specified redemption date, provided funds for their redemption have been duly deposited. Selection of Bonds for Redemption; Partial Redemption. To effect a partial redemption of Bonds having a common maturity date, the Bond Registrar shall assign to each Bond having a common maturity date a distinctive number for each $5,000 of the principal amount of such Bond. The Bond Registrar shall then select by lot, using such method of selection as it shall deem proper in its discretion, from the numbers assigned to the Bonds, as many numbers as, at $5,000 for each number, shall equal the principal amount of such Bonds to be redeemed. The Bonds to be redeemed shall be the Bonds to which were assigned numbers so selected; provided, however, that only so much of the principal amount of such Bond of a denomination of more than $5,000 shall be redeemed as shall equal $5,000 for each number assigned to it and so selected. If a Bond is to be redeemed only in part, it shall be surrendered to the Bond Registrar (with, if the Issuer or Bond Registrar so requires, a written instrument of transfer in form satisfactory to the Issuer and Bond Registrar duly executed by the Holder thereof or the Holder's attorney duly authorized in writing) and the Issuer shall execute (if necessary) and the Bond Registrar shall authenticate and deliver to the Holder of the Bond, without service charge, a new Bond or Bonds having the same stated maturity and interest rate and of any Authorized Denomination or Denominations, as requested by the Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Bond so surrendered. Issuance; Purpose; General Obligation. This Bond is one of an issue in the total principal amount of $2,355,000, all of like date of original issue and tenor, except as to number, maturity, 174340579v1 interest rate, denomination and redemption privilege, issued pursuant to and in full conformity with the Constitution and laws of the State of Minnesota and pursuant to a resolution adopted by the City Council on September 15, 2025 (the "Resolution"), for the purpose of providing money to finance various street improvement projects within the jurisdiction of the Issuer and the acquisition of capital equipment. This Bond is payable out of the General Obligation Bonds, Series 20254A Fund of the Issuer. This Bond constitutes a general obligation of the Issuer, and to provide moneys for the prompt and full payment of its principal, premium, if any, and interest when the same become due, the full faith and credit and taxing powers of the Issuer have been and are hereby irrevocably pledged. Denominations; Exchange; Resolution. The Bonds are issuable solely in fully registered form in Authorized Denominations (as defined in the Resolution) and are exchangeable for fully registered Bonds of other Authorized Denominations in equal aggregate principal amounts at the office of the Bond Registrar, but only in the manner and subject to the limitations provided in the Resolution. Reference is hereby made to the Resolution for a description of the rights and duties of the Bond Registrar. Copies of the Resolution are on file in the office of the Bond Registrar. Transfer. This Bond is transferable by the Holder in person or the Holder's attorney duly authorized in writing at the principal office of the Bond Registrar upon presentation and surrender hereof to the Bond Registrar, all subject to the terms and conditions provided in the Resolution and to reasonable regulations of the Issuer contained in any agreement with the Bond Registrar. Thereupon the Issuer shall execute and the Bond Registrar shall authenticate and deliver, in exchange for this Bond, one or more new fully registered Bonds in the name of the transferee (but not registered in blank or to "bearer" or similar designation), of an Authorized Denomination or Denominations, in aggregate principal amount equal to the principal amount of this Bond, of the same maturity and bearing interest at the same rate. Fees upon Transfer or Loss. The Bond Registrar may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection with the transfer or exchange of this Bond and any legal or unusual costs regarding transfers and lost Bonds. Treatment of Registered Owners. The Issuer and Bond Registrar may treat the person in whose name this Bond is registered as the owner hereof for the purpose of receiving payment as herein provided (except as otherwise provided herein with respect to the Record Date) and for all other purposes, whether or not this Bond shall be overdue, and neither the Issuer nor the Bond Registrar shall be affected by notice to the contrary. Authentication. This Bond shall not be valid or become obligatory for any purpose or be entitled to any security unless the Certificate of Authentication hereon shall have been executed by the Bond Registrar. Qualified Tax-Exempt Obligation. This Bond has been designated by the Issuer as a "qualified tax-exempt obligation" for purposes of Section 265(b)(3) of the Internal Revenue Code of 1986, as amended. IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to happen and to be performed, precedent to and in the issuance of this Bond, have been done, have happened and 174340579v1 have been performed, in regular and due form, time and manner as required by law; that the Issuer has covenanted and agreed with the Holders of the Bonds that it will levy a direct, annual, irrepealable ad valorem tax upon all of the taxable property of the Issuer, without limitation as to rate or amount, for the years and in amounts sufficient to pay the principal and interest on the Bonds as they respectively become due, if any sums irrevocably appropriated to the Debt Service Account are insufficient therefor; and that this Bond, together with all other debts of the Issuer outstanding on the date of original issue hereof and the date of its issuance and delivery to the original purchaser, does not exceed any constitutional, charter or statutory limitation of indebtedness. IN WITNESS WHEREOF, the City of St. Joseph, Stearns County, Minnesota, by its City Council has caused this Bond to be executed on its behalf by the facsimile signatures of its Mayor and its City Administrator, the corporate seal of the Issuer having been intentionally omitted as permitted by law. Date of Registration: BOND REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the Resolution mentioned within. NORTHLAND BOND SERVICES, A DIVISION OF FIRST NATIONAL BANK OF OMAHA, Minneapolis, Minnesota Bond Registrar By: Authorized Signature Registrable by: NORTHLAND BOND SERVICES, A DIVISION OF FIRST NATIONAL BANK OF OMAHA Payable at: NORTHLAND BOND SERVICES, A DIVISION OF FIRST NATIONAL BANK OF OMAHA CITY OF ST. JOSEPH, STEARNS COUNTY, MINNESOTA /s/ Facsimile Mayor /s/ Facsimile City Administrator 174340579v1 ABBREVIATIONS The following abbreviations, when used in the inscription on the face of this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM - as tenants in common TEN ENT - as tenants by the entireties JT TEN - as joint tenants with right of survivorship and not as tenants in common UTMA - ___________ as custodian for ______________ (Cust) (Minor) under the _____________________ Uniform (State) Transfers to Minors Act Additional abbreviations may also be used though not in the above list. ___________________________________________________________ ASSIGNMENT For value received, the undersigned hereby sells, assigns and transfers unto ________________________________________________________________ the within Bond and does hereby irrevocably constitute and appoint _________________ attorney to transfer the Bond on the books kept for the registration thereof, with full power of substitution in the premises. Dated:_____________________ ___________________________ Notice: The assignor's signature to this assignment must correspond with the name as it appears upon the face of the within Bond in every particular, without alteration or any change whatever. Signature Guaranteed: ___________________________ Signature(s) must be guaranteed by a national bank or trust company or by a brokerage firm having a membership in one of the major stock exchanges or any other "Eligible Guarantor Institution" as defined in 17 CFR 240.17 Ad-15(a)(2). The Bond Registrar will not affect transfer of this Bond unless the information concerning the transferee requested below is provided. Name and Address: ________________________________________ ________________________________________ ________________________________________ 174340579v1 (Include information for all joint owners if the Bond is held by joint account.) 174340579v1 EXHIBIT B SCHEDULES [To be supplied by Northland Securities, Inc.] 2025 Equipment Certificate Budgeted Equip Prior Equipment Useful Equipment Certificate History Cost Funds Certificate Life (Yrs)2025 450,000$ AD-1406 Computer Replacement 50,000.00 - 50,000.00 5 2020 220,000$ AD-2001 Vehicle 10,000.00 - 10,000.00 5 2015 165,000$ PD-1408 Squad Laptops 36,000.00 5,000.00 31,000.00 5 2010 150,000$ decrease due to Great Recession/LGA cuts PD-1411 Police Squads 110,000.00 50,000.00 60,000.00 5 2006 250,000$ PTR-01 Millstream Parking Lot Pave 55,000.00 36,150.00 18,850.00 2002 245,000$ PW-2103 Scissor Lift 40,000.00 16,750.00 23,250.00 7 PW-1415 Sno Go Snow Blower 150,000.00 32,500.00 117,500.00 7 PW-1406 Plow Truck, used 85,000.00 22,600.00 62,400.00 7 Admin 60,000 14% PW-2403 Tandem Axle Trailer 9,000.00 - 9,000.00 7 Police 91,000 21% PW-2404 Millstream Field 1 Fencing 26,675.00 1,675.00 25,000.00 20 Parks 18,850 4% PW-1403 Pickup Truck 70,000.00 50,000.00 20,000.00 7 Public Works 257,150 60% 641,675.00 214,675.00 427,000.00 427,000$ 100% estimated debt issuance costs 23,000.00 debt issue par value 450,000.00 assumes $10K OSHA Grant undesignated park board Equipment Certificate History 2028 Equipment Certificate Budgeted 2028 390,000$ Equip Prior Equipment Useful 2023 440,000$ Cost Funds Certificate Life (Yrs)2018 265,000$ AD-1406 Computer Replacement 80,000.00 - 80,000.00 5 2013 265,000$ decrease due to Great Recession/LGA cuts PD-1411 Police Squads 135,000.00 35,000.00 100,000.00 5 2008 290,000$ PW-1415 1585 Lawn Tractor 50,000.00 31,750.00 18,250.00 7 2004 280,000$ PW-1403 Pickup Truck 70,000.00 30,000.00 40,000.00 7 PW-2402 Hot Oil Filling Trailer 75,000.00 5,000.00 70,000.00 7 Admin 80,000 21% PW-1406 Plow Truck, used 85,000.00 20,000.00 65,000.00 7 Police 100,000 27% 495,000.00 121,750.00 373,250.00 Public Works 193,250 52% estimated debt issuance costs 16,750.00 373,250$ 100% debt issue par value 390,000.00 Research Update: St Joseph, MN Series 2025A GO Bonds Assigned 'AA- ' Rating; Outlook Stable September 8, 2025 Overview •S&P Global Ratings assigned its 'AA-' rating to the City of St. Joseph, Minn.'s $2.5 million series 2025A general obligation (GO) bonds. •At the same time, S&P Global Ratings affirmed its ‘AA-‘ long-term rating on the city’s existing GO debt. •The outlook is stable. Rationale Security The city's full-faith-and-credit GO pledge secures the 2025A bonds, including St. Joseph’s ability to levy unlimited ad valorem taxes on all real property within it. The bonds are payable from special assessments but are ultimately secured by ad-valorem taxes. Therefore, we rate to the unlimited-ad valorem-tax pledge. The city intends to use series 2025A bond proceeds to finance street improvements. Credit highlights St. Joseph is directly west of the city of St. Cloud in central Minnesota. Most of the city’s permanent residents commute to St. Cloud for work. We believe the city’s economic metrics might be partially weakened by the presence of the student population, but most of the city’s economic metrics align with those seen throughout Stearns County and for those that are weaker, we have not made any negative adjustments. The city’s reserves and financial position remain stable with steady surpluses offset by occasional deficits as a result of pay-as-you-go capital financing efforts. This pattern follows the city’s extensive long-term capital plans and reflects its budgetary practices. The extensive capital work St. Joseph has done and plans to continue doing has driven the city’s debt metrics to relatively elevated levels. However, St. Joseph follows a stringent debt management plan that we believe will continue to help it manage debt to levels that are affordable. Primary Contact Joseph Vodziak Chicago 1-312-233-7094 joseph.vodziak @spglobal.com Secondary Contact Rebecca Y Roman Chicago 1-708-219-0455 rebecca.roman @spglobal.com www.spglobal.com/ratingsdirect September 8, 2025 1 The fiscal 2024 results reflected more property tax revenue than was anticipated being received through appreciation of existing properties and new development, and higher-than-expected interest income, along with the city’s expenditure management efforts. Despite a deficit in the adopted budget, officials had expected to end the year with a surplus as the budget deficit was driven by funds being set aside for future capital needs. For fiscal 2025, the city’s budget adopted a $212,000 general fund deficit, or about 4% of budgeted revenue. Officials indicate that some larger capital purchases have occurred in fiscal 2025 that the city had been setting funds aside for in previous years. In addition, a property next to the city’s current fire hall went up for sale in 2025 that St. Joseph purchased on which the city will potentially build a public safety facility. For the fiscal 2026 budget, the city has identified several expenditure increases it will need to work into its budget. We believe the city will be able to manage these expenditures and maintain stable operating results through fiscal 2026. The rating reflects our view of St. Joseph's: •Stable population, which is helping support tax base growth, and incomes that are slightly below those seen throughout Stearns County although we do not make any negative adjustment in our economic assessment for these as there are students potentially weighing down the income metrics. Stearns County has gross county product (GCP) per capita and per capita personal incomes (PCPI) that are marginally lower than U.S. levels. Most of the supplemental economic data available indicates the county’s GCP and PCPI metrics are a good reflection of the city’s local economy. •Healthy financial profile, reflecting the city’s strategically planned pay-as-you-go capital spending with results typically outperforming budgets as a result of such strategical spending. The city also has ample reserves, which we believe will support some of its near-to medium- term capital initiatives but should remain in excess of the formal four-to-six months of expenditures fund balance target. •Realistic budgetary practices, with sufficient monitoring and adjusting to results. The city uses robust capital planning and maintains robust policies to which it adheres. There is no long- term financial planning and cybersecurity practices align with those of peers. •Elevated debt and liability profile stemming from the city’s capital initiatives. There is at least $8 million in additional borrowing plans over the next two years, with additional capital plans and potential borrowing dependent on whether matching or supportive funding from other sources is obtained. If everything goes through, we believe there is a high probability this borrowing will increase fixed costs to a level that will weaken our debt and liability assessment. •The city participates in multiple-employer, cost-sharing pension plans, with contributions for many of the plans routinely falling short of our minimum funding progress (MFP) threshold. However, the plans are well-funded and we do not believe these MFP shortfalls alone would change our debt and liability assessment as we expect stability in costs in the near term. •Institutional framework aligns with most Minnesota municipalities. For more information see “Institutional Framework Assessment: Minnesota Local Governments,” Sept. 10, 2024. Environmental, social, and governance We have analyzed environmental, social, and governance factors and found them to be credit neutral in our rating. www.spglobal.com/ratingsdirect September 8, 2025 2 St Joseph, MN Series 2025A GO Bonds Assigned 'AA-' Rating; Outlook Stable Outlook The stable outlook reflects our view that St Joseph will likely spend down some of its reserves and issue additional debt to address needs identified both of which are already incorporated into our analysis. Downside scenario We could lower the rating if the city’s finances and reserves were to experience sustained deterioration, resulting in weakening reserves to levels we no longer consider comparable with those of similarly rated peers. Upside scenario We could raise the rating if St. Joseph’s income and economic metrics improve to levels more commensurate with those of higher-rated peers, in conjunction with a more moderate debt profile while the city maintains current finances. St. Joseph, Minnesota--credit summary Institutional framework (IF)1 Individual credit profile (ICP)2.29 Economy 2.5 Financial performance 2 Reserves and liquidity 1 Management 1.70 Debt and liabilities 4.25 St. Joseph, Minnesota--key credit metrics Most recent 2024 2023 2022 Economy Real GCP per capita % of U.S. 86 -- 86 88 County PCPI % of U.S. 90 -- 90 92 Market value ($000s) 759,748 716,875 669,650 579,534 Market value per capita ($) 105,141 99,208 95,473 80,524 Top 10 taxpayers % of taxable value 12.4 -- 10.5 11.3 County unemployment rate (%) 3.3 3.0 2.9 2.6 Local median household EBI % of U.S. 92 92 103 96 Local per capita EBI % of U.S. 68 68 74 66 Local population 7,226 7,226 7,014 7,197 Financial performance Operating fund revenues ($000s) -- 5,449 5,582 4,538 Operating fund expenditures ($000s) -- 5,476 5,160 4,566 Net transfers and other adjustments ($000s) -- 540 168 (145) Operating result ($000s) -- 513 590 (173) Operating result % of revenues -- 9.4 10.6 (3.8) Operating result three-year average % -- 5.4 13.0 11.0 www.spglobal.com/ratingsdirect September 8, 2025 3 St Joseph, MN Series 2025A GO Bonds Assigned 'AA-' Rating; Outlook Stable St. Joseph, Minnesota--key credit metrics Most recent 2024 2023 2022 Reserves and liquidity Available reserves % of operating revenues -- 91.4 76.3 87.9 Available reserves ($000s) -- 4,980 4,261 3,988 Debt and liabilities Debt service cost % of revenues -- 24.6 24.1 43.8 Net direct debt per capita ($) 3,237 2,886 3,194 3,113 Net direct debt ($000s) 23,392 20,857 22,400 22,405 Direct debt 10-year amortization (%) 83 92 -- -- Pension and OPEB cost % of revenues -- 3.0 3.0 3.0 NPLs per capita ($) -- 233 299 552 Combined NPLs ($000s) -- 1,686 2,096 3,973 Financial data may reflect analytical adjustments and are sourced from issuer audit reports or other annual disclosures. Economic data is generally sourced from S&P Global Market Intelligence, the Bureau of Labor Statistics, Claritas, and issuer audits and other disclosures. Local population is sourced from Claritas. Claritas estimates are point in time and not meant to show year-over-year trends. GCP--Gross county product. PCPI--Per capita personal income. EBI--Effective buying income. OPEB--Other postemployment benefits. NPLs--Net pension liabilities. Ratings List New Issue Ratings US$2.535 mil GO bnds ser 2025A dtd 10/07/2025 due 12/15/2035 Long Term Rating AA-/Stable Ratings Affirmed Local Government St. Joseph, MN Unlimited Tax General Obligation AA-/Stable St. Joseph, MN Unlimited Tax General Obligation and Special Assessments AA-/Stable St. Joseph, MN Unlimited Tax General Obligation, Special Assessment and Water System Revenues AA-/Stable The ratings appearing below the new issues represent an aggregation of debt issues (ASID) associated with related maturities. The maturities similarly reflect our opinion about the creditworthiness of the U.S. Public Finance obligor's legal pledge for payment of the financial obligation. Nevertheless, these maturities may have different credit ratings than the rating presented next to the ASID depending on whether or not additional legal pledge(s) support the specific maturity's payment obligation, such as credit enhancement, as a result of defeasance, or other factors. Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such criteria. Please see Ratings Criteria at https://disclosure.spglobal.com/ratings/en/regulatory/ratings-criteria for further information. 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STAFF MEMO Prepared by: Lori Bartlett, Finance Director Meeting Date: 9-15-25 ☐ Consent Agenda Item ☒ Regular Agenda Item Agenda Item # 9 Reviewed by: Item: 2026 Preliminary Budget and Levy Priority: Includes all priorities in the budget assumptions ACTION REQUESTED 1. Consider adoption Resolution 2025-064 adopting the preliminary 2026 Budget and proposed 2025 tax levy, collectible in 2026. 2. State verbally the public hearing for the final budget and levy will be held on December 1, 2025 at 6:00 PM in the St. Joseph council chambers. City taxpayers may call city offices at 320-363-7201 with questions regarding their property notice they will receive in November. Comments can also be sent to city offices at 75 Callaway St E, St. Joseph, MN 56374. BOARD/COMMISSION/COMMITTEE RECOMMENDATION The EDA, CVB and Park Board reviewed their 2026 budget proposals. PREVIOUS COUNCIL ACTION Councilmembers were given the opportunity to discuss their budget priorities and input at council meetings and work sessions the past couple months. Debt Management Study will be presented by Northland Securities presented to council at the council meeting on Sept. 15, 2025. REFERENCE AND BACKGROUND The Cleargov Digital Budget Book can be found at the following website with more detail of the 2026 budget starting in October. https://city-saint-joseph-mn-budget-book.cleargov.com/20798 The enclosed preliminary budget reflects staff recommendations and council feedback. The budget reflects an estimated tax rate increase of 0.8%. The annexed commercial/industrial properties are paying 1.3% higher (up to the City’s urban tax rate) in the tax rate per the OAA agreement. For 2025, Minnesota homestead market value exclusion (HMVE) maximum phase out amount for homeowners was increased allowing the exclusion to be passed on to homes valued up to $517,200. The exclusion amount also increased from $30,400 to $38,000. The HMVE reduces the taxable market value for a homeowner’s primary residence. The impact to cities for this law change is a reduction of an average of 2% of the taxable market value. The 2025 HMVE is effective for 2026 also. The overall taxable market value increased an estimated 9.8% per the Stearns County Auditor’s office. Many communities have indicated much lower changes in their taxable market values. St. Joseph is unique with the commercial and industrial developments over the past few years in the downtown, industrial park and other areas in the city. In addition, the multi-family units added to the tax base have added to the increased market values. The variety of investments into the community has exceeded many other regional cities; thus, provide better than most taxable market value estimates. For 2026, over $18M of new taxable market value is coming on the tax rolls. The estimated effect on an urban $350,000 valued home is a tax increase of $26.90 (before any adjustments in the homeowner’s taxable market value). A $1 million business would see a 1.3% increase in their city’s taxes totaling $154.55. A rural residential homeowner with a $350,000 home would see an increase of $42.90 in taxes. An annexed commercial business valued at $1 million would see an increase of $251.84. The following items impacted the proposed 2026 budget. Taxes/Grants/Aids • Local Government Aid (LGA) increased $5,311; budgeting $75,000 in Fund 110 debt relief for small, unforeseen projects. This is a decrease of $25,000 from 2025. • Public Safety Aid will be spent in full once the fire hall roof replacement is completed • Property Tax Sharing with St. Joseph Township from the 2019 annexation agreement was completed in 2025, reducing expenditures by $19,190 • Property Taxes Estimate $18,000 tax payment for the Old Casey’s building in 2026. • Transportation Aid is a new State aid that began in 2024 with a partial receipt. The first full year receipt was in July 2025 for $8,915. This aid is generated from sales tax on auto parts and will continue annually. • Tax Abatements: Trobec’s and Country Manor are at full value for tax abatements in 2026, similar to how budgeted in 2025. Hansen and Co. abatement is not projected to start until 2026, but at a reduced amount since they will not be at full taxable value yet • TIF: The following tax increment financing projects have several years remaining: o TIF 2-1 Millstream Shops and Lofts (2034) o TIF 2-3 Bayou Blues and Alley Flats (2042) o TIF 4-1 Fortitude Senior Housing (2043) • General levies proposed to increase $267,454, a 5.8% increase • Debt levies discussed with Debt Management Study – increase $234,905, a 5% increase • Overall levy proposed to increase $502,356, 10.8% A summary table of the proposed urban tax rate is below with an estimated 11.2% increase. NTC $7,127,083 9.8% ↑ Adopted 2025 Levy Urban Rates Only Proposed 2026 Levy Urban Rates Only General Levy $2,450,540 37.75% $2,670,873 37.48% Debt Levy $1,619,150 24.94% $1,854,052 26.01% Total $4,069,690 62.69% $4,524,925 63.49% 350,000 Home $2,100 $2,127 $27 ↑ 1,000,000 Business $12,067 $12,222 $155↑ Staffing/Benefits/Wages: • An additional full-time police officer is budgeted • LELS/AFSCME contracts expire 12/31/25 - Both unions submitted intents to negotiate • 3.5% general increase plus steps is included, compensation study reflects the pay scale is comparable to similar sized cities • Planning Intern remained budgeted, but unpaid • Increase in city portion of Health Insurance and insurance opt-out to be negotiated • Implementation of the mandatory Mn Paid Leave using a private insurer • Small increase for election judges Operations: • Professional services: based on historical costs, anticipated projects and notification of fee increases, the professional services budget increased. Inflation pressures were also taken into consideration. • Membership Dues/Community Support reviewed by city council. All proposals were left in the preliminary budget. RSVP was removed from funding in 2026 per council. • General liability and workers comp insurance increase based on LMC recommendations • Interest earnings increased across the board due to current market conditions and projected mark to market projections. • Fee Schedule draft will be reviewed beginning with the October work session. Rates are assumed and a draft in the preliminary 2026 budget. • Seal Coating/Crack Filling annual project included in Pavement Maintenance Plan. Reserves set aside annually, levy reduced slightly for 2026 due to reserves in funds. • Elections 2026 elections will include the Aug. primary and Nov. general elections. Boards/Commissions: EDA: EDA recommends continuing their initiatives to revitalize the downtown and CR75 highway business district as well as pursuing a boutique hotel in the downtown area. Council approved an increase in the Bruno Press CVB contract to be funded by the EDA. JoeTown will be hosting the Connecting Entrepreneurial Communities (CEC) conference in fall 2026. Funding will come from the UofM Extensions and donations. CVB: The CVB plans to continue with the shop small event, magazine advertising and social media campaign. They are looking to update Wobegon trail maps and highway signage. Lodging taxes average $$12K. Budgeted this amount plus $300 for short-term rentals. Merchandise sales will continue at the MN Street Market and looking to expand at the CSB Spirit store. The JoeTown Tourism group will be expanding business advertising with sponsorship fees the group collects from St. Joseph businesses. Park Board: The Park Board plans to add ADA compliant playground equipment in Klinefelter Park in 2026. They are working with SEH on plans and specifications to bid out the project before the end of 2025. The Park Board plans to put seed money away each year for dog park features and Schneider ballfield equipment needs. The St. Joseph Joes Baseball Team will also fundraise for equipment needs at the ballfield. Rivers Bend Park has some funding for educational signage of the native plants. Fire Dept: The number of fire calls is planned to increase with taking on CSB fire responses. CSB will pay an annual stipend to cover the call costs. Both contract revenue and firefighter payroll were increased in the 2026 budget as a result. A $3,000 municipal contribution is included but not required. PERA SVF participation began in 2025 with a pension level of $3,600. The Fire Relief will be requesting an increase in the pension level but will not impact the municipal contribution for 2026. The Estimated Market Value (EMV) and proposed budget allocations follows. The final EMV will not be known until the end of Dec. The EMV allocation used is the as 2025. Est. 2026 MV % 2026 Operations Allocation 2026 Debt Allocation City of St. Joseph 57.59% $256,230* $49,052 St. Joseph Township 19.15% $81,545 $16,311 St. Wendell Township 23.26% $99,045 $19,812 *City covering community room and rescue van funding that the city owns outright Capital Improvements: To begin, the Engineer Capital Improvement Plan (CIP) has been discussed at the August council workshop. The improvement projects identified as 2026 priorities include the projects in the table below. If council is supportive of the projects, the feasibility reports should be ordered soon so S.E.H. can complete their survey work before winter. This also allows the City to be on the front of the bidding season that may bring in more favorable bids. 2026 Street Overlay Improvements: Jasmine Ln, Iris Ln, 13th Ave NE, 14th Ave NE, Ridgewood Ct, Dale St, Jade Rd, 7th Ave NE, 19th Ave NE, Elm St E, 15th Ave NE, Baker St (include trail connections along Baker St) Downtown Safety: Council requested adding a budget line annually to add safety features such as sidewalks, lighting, curb bump outs, etc. Community Center/YMCA: Fundraising continues into 2026. Design and construction to begin in 2026 to spend down the State bonding money ($4M) as required by the State. Next Pump Station: Northland Business Center 2 Hill Street/Morningside Acres: watermain replacement, curbing and street reconstruction (delayed from 2024) Welcome to St. Joseph Signs: replace CSAH 75/CSAH 2 sign, add sign to Gateway Commons Old Casey’s Building: auction equipment, demo building, add above ground city fuel tanks Stationary Generators: add generator to Ridgewood lift station, WTP1 Planning Document Updates: Transportation Plan, Comprehensive Rate Study (annually) SCAWAC Projects: Equip & Energy Improve projects, Equipment Replacements Proposed developments that may spur street and utility work include the following projects: Gateway Development – CSAH 2 sewer extension/sewer lift station Rivers Bend Development – sewer lift station, Jade Road South construction – extend utilities Northland Business Center Phase II – sewer lift station (included above), extend utilities, Westwood Parkway extension, internal streets – 2026 State Bonding request The capital equipment plans (CEP) are funded annually along with two equipment certificates to offset peaks and valleys in the equipment levies. The next equipment certificate issue is programmed for 2028. Below is a summary of the equipment requests for each department for 2026. Department 2026 Capital Purchases Administration Welcome Sign – CSAH2, CSAH75 Administration Election Equipment Administration Computer Software Upgrades Administration Computer Replacements EDA Business Development Park Board Klinefelter Park ADA Playset Park Board Rivers Bend Park Education Signs Park Board Schneider Field Bleacher Roof Fire Fire Hall Roof Replacement Fire Mobile Radios Replacement Fire Extrication Equipment Fire Air Packs Fire Turnout Gear Fire Paint Red Outside Fire Hall Police Squad #709 Addition, plus Equipped Police Portable Radios Police Copier Police Verkada Cameras, Phase II Public Works Seal coat/Crack fill Public Works Refrigerant Charger Public Works Mechanical Tools Public Works Wing Deck Mower Public Works Bale Forks for Skid Steer Public Works Steam Wash Station Public Works Millstream Ballfield Fence Public Works Millstream Concrete by Concessions Public Works Shop 2 Roof Replacement Enterprise Main Lift Station Wet Well Lining Enterprise Final Year – Cell Meter Conversion Enterprise Boilers Enterprise WTP1 Generator Enterprise Sewer Sampler Enterprise Storm Ponds Maintenance Enterprise Cell H2S Reader BUDGET IMPACT 2026 Preliminary Budget Summary Fund Type Revenues Expenditures Surplus (Deficit) Budget Governmental $10,371,010 $10,846,103 ($475,093) Enterprise $4,202,975 $5,214,934 ($1,011,959) Total $14,573,985 $16,061,037 ($1,487,052) Note: The enterprise funds rate analysis to be completed by October and may change the budget estimates. Payable 2026 Levy Summary Urban General Levy $2,670,873 37.48% estimated Urban Debt Levy $1,854,052 26.01% estimated Rural Resident Levy $136,124 23.57% estimated Rural Commercial/ Industrial Levy $499,596 63.49% estimated Total Levy $5,160,645 10.8% increase To reduce the overall levy by 1%, property taxes would need to decrease $47,000 To reduce the tax rate by 1%, property taxes would need to decrease $70,000 STAFF RECOMMENDED ACTION Consider acceptance of the preliminary budget and levies. The final levies cannot be higher than the preliminary levy (unless granted in law for unusual and infrequent situations). Set Truth In Taxation hearing for December 1, 2025 at 6:00 PM at the St. Joseph Government Center. SUPPORTING DATA/ATTACHMENTS Resolution 2025-064 Adopting the Preliminary 2026 Budget and Proposed 2025 Tax Levy, Collectible in 2026 Estimated Net Tax Capacity – Urban and Rural Properties Debt Levy Summary Capital Improvement Plan Summary RESOLUTION 2025-064 RESOLUTION ADOPTING THE PRELIMINARY 2025 BUDGET AND PROPOSED 2025 TAX LEVY, COLLECTIBLE IN 2026 NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF ST. JOSEPH, MINNESOTA, AS FOLLOWS: That a preliminary 2026 Expenditure Budget of $16,061,037 is hereby adopted and that the following is the preliminary tax levy collectible in 2026, to be levied upon taxable property in the City of St. Joseph, for the following purposes: General Fund (TAGS 8402/8403) $ 2,670,873 General Fund (TAGS 8404/8406) 136,124 General Fund (TAGS 8405/8407) 499,596 (not to exceed tax rate TAG 8403) Bonded Indebtedness (TAGS 8402/8403): 2016 Bonds 260,000 2019 Bonds 85,000 2020 Bonds 225,000 2021 Bonds 105,000 2022 Bonds 539,052 2023 Bonds 280,000 2024 Bonds 80,000 2025 Bonds 280,000 Total Preliminary Levy $ 5,160,645 The City Administrator is hereby instructed to transmit a copy of this Resolution to the Stearns County Auditor/Treasurer in the State of Minnesota. The motion by Council Member _________________ was made for adoption of the foregoing Resolution was duly seconded by Council Member ___________________ and, upon vote taken thereon, the following voted in favor thereof: And the following voted against the same: And the following were absent: WHEREUPON, the Resolution was declared passed and adopted this 15th day of September, 2025. Adam Scepaniak, Mayor ATTEST David Murphy, Administrator City of St. Joseph, Minnesota 2026 Net Tax Capacity - Urban Properties Preliminary as of September 15, 2025 Net Tax Capacity 6,492,151 7,127,083 (Stearns County prelim) 2025 2026 2026 Levy Limit n/a 7.43% 9.78% TAGS 8402,8403 TAGS 8402,8403 Mill Rate Levy Levy Change General Fund Levy 2,145,840 33.0528% 2,409,238 33.8040%0.751% Retirement Reserve 15,000 0.2310% - 0.0000%-0.231% General Equip Fund 109 212,135 3.2676% 164,600 2.3095%-0.958% Park Dedication Fund 50,000 0.7702% 50,000 0.7015%-0.069% Fire Fund 240,855 3.7099% 256,230 3.5952%-0.115% Country Manor's Abate - EDA 32,000 0.4929% 45,115 0.6330%0.140% Trobec's Abate- EDA 100,000 1.5403% 65,000 0.9120%-0.628% Hanson Abate - EDA - 0.0000% 24,000 0.3367%0.337% EDA Levy 99,710 1.5359% 101,690 1.4268%-0.109% sales tax abatement (445,000) -6.8544%(445,000) -6.2438% 0.611% Bond 2016 230,000 3.5427% 260,000 3.6481%0.105% Bond 2019 80,000 1.2323% 85,000 1.1926%-0.040% Bond 2020 271,500 4.1820% 225,000 3.1570%-1.025% Bond 2021 125,000 1.9254% 105,000 1.4733%-0.452% Bond 2022 542,040 8.3492% 539,052 7.5634%-0.786% Bond 2023 265,000 4.0819% 280,000 3.9287%-0.153% Bond 2024 105,610 1.6267% 80,000 1.1225%-0.504% Bond 2025 - 0.0000% 280,000 3.9287%3.929% 4,069,690 4,524,925 1.685% 4,658,289 62.6863%5,160,645 63.48915%debt levy w/OAA Properties w/OAA Properties Operational Urban Levy % Change 25 to 26 7.6%Urban Mill Rate Chg 0.803% Operational Urban Levy $ Change 25 to 26 220,333$ Urban Levy Change 455,235$ Debt Urban Levy % Change 25 to 26 14.5%Levy % Change 11.2% Debt Urban Levy $ Change 25 to 26 234,902$ Overall Levy Change 502,356 10.8% 2025 Net Tax 2025 Tax 2026 Net Tax 2026 Tax Impact Analysis Capacity Impact Capacity Impact 150,000 Homestead 1,170 733.43 1,170 742.82 In(de)crease in taxes 1.3% 9.39 175,000 Homestead 1,442 903.94 1,442 915.51 In(de)crease in taxes 1.3% 11.58 200,000 Homestead 1,715 1,075.07 1,715 1,088.84 In(de)crease in taxes 1.3% 13.77 250,000 Homestead 2,260 1,416.71 2,260 1,434.85 In(de)crease in taxes 1.3% 18.14 280,000 Homestead 2,587 1,621.69 2,587 1,642.46 In(de)crease in taxes 1.3% 20.77 300,000 Homestead 2,805 1,758.35 2,805 1,780.87 In(de)crease in taxes 1.3% 22.52 350,000 Homestead 3,350 2,099.99 3,350 2,126.89 In(de)crease in taxes 1.3% 26.90 400,000 Homestead 3,895 2,441.63 3,895 2,472.90 In(de)crease in taxes 1.3% 31.27 250,000 Business 4,250 2,664.17 4,250 2,698.29 In(de)crease in taxes 1.3% 34.12 500,000 Business 9,250 5,798.48 9,250 5,872.75 In(de)crease in taxes 1.3% 74.26 750,000 Business 14,250 8,932.80 14,250 9,047.20 In(de)crease in taxes 1.3% 114.40 1,000,000 Business 19,250 12,067.11 19,250 12,221.66 In(de)crease in taxes 1.3% 154.55 $1 M 20 Unit Apt.12,500 7,835.79 12,500 7,936.14 In(de)crease in taxes 1.3% 100.36 Tax Capacity rate change by 1%70,000$ Estimated Property Tax Impact of the 2026 Urban Levy Budget Preliminary Est. Urban 2026Adopted Urban 2025 City of St. Joseph, Minnesota 2026 Net Tax Capacity - Rural OAA Properties Preliminary as of September 15, 2025 Net Tax Capacity 550,023 577,524 749,428 786,900 (Stearns County Es 2025 5.00%2026 2025 5.00%2026 2025 Levy Limit n/a rural rural comm/ind comm/ind TAG 8404,8406 TAG 8404,8406 TAG 8405,8407 TAG 8405,8407 Rural Residential Levy Rural Residential Levy OAA Comm/Ind Levy OAA Comm/Ind Levy General Fund Levy 122,598 22.2896% 136,124 23.57034% 466,001 62.1809% 499,596 63.48915% 122,598 136,124 466,001 499,596 22.2896%23.5703%62.181%63.489% increase 25 to 26 13,526 increase 25 to 26 33,595 11.03%1.28%7.21%1.31% 2025 Net Tax 2025 Tax 2026 Net Tax 2026 Tax Impact Analysis Capacity Impact Capacity Impact 150,000 Homestead 1,170 260.79 1,170 275.77 In(de)crease in taxes 5.7%14.98 175,000 Homestead 1,442 321.42 1,442 339.88 In(de)crease in taxes 5.7%18.47 200,000 Homestead 1,715 382.27 1,715 404.23 In(de)crease in taxes 5.7%21.96 250,000 Homestead 2,260 503.75 2,260 532.69 In(de)crease in taxes 5.7%28.94 280,000 Homestead 2,587 576.63 2,587 609.76 In(de)crease in taxes 5.7%33.13 300,000 Homestead 2,805 625.22 2,805 661.15 In(de)crease in taxes 5.7%35.92 350,000 Homestead 3,350 746.70 3,350 789.61 In(de)crease in taxes 5.7%42.90 400,000 Homestead 3,895 868.18 3,895 918.06 2025 Net Tax 2025 Tax 2026 Net Tax 2026 Tax In(de)crease in taxes 5.7%49.88 Capacity Impact Capacity Impact 250,000 Business 4,250 2,642.69 4,250 2,698.29 In(de)crease in taxes 2.1%55.60 500,000 Business 9,250 5,751.73 9,250 5,872.75 In(de)crease in taxes 2.1%121.01 750,000 Business 14,250 8,860.78 14,250 9,047.20 In(de)crease in taxes 2.1%186.43 1,000,000 Business 19,250 11,969.82 19,250 12,221.66 In(de)crease in taxes 2.1%251.84 Estimated Property Tax Impact of the 2025 Rural Levy Budget Adopted 2025Adopted 2025 Preliminary Est. 2026 Preliminary Est. 2026 City of St. Joseph, Minnesota Debt Levy Summary For the Year Payable 2026 TAGS 8402,8403 2026 Levy Sum Fund Project Name Debt Levy Year by Year 301 2016A GO Capital Improvement Bonds $4.335M 255,000 304 2016B GO Improvement Bonds $740K 5,000 16 260,000 307 2019A GO Improvement Bonds $1.535M 85,000 19 85,000 314 2020C GO CO Refunding Bonds $1.365M 150,000 310 2020B GO Improvement Bonds $625K 5,000 312 2020B GO CIP Bonds $690K 70,000 20 225,000 311 2021A GO Improvement Bonds $3.190M 105,000 21 105,000 315 2022A GO Improvement Bonds $510K 45,000 316 2022A GO Equipment Certificates $715K 49,052 302 2022A GO Tax Abatement Bonds $6.125M 445,000 22 539,052 317 2023A GO Improvement Bonds $2.040M 185,000 318 2023A GO Equipment Certificates $460K 95,000 23 280,000 319 2024A GO Improvement Bonds $1.090M 80,000 24 80,000 320 2025A GO Improvement Bonds $2.085M 180,000 321 2025A GO Equipment Certificates $445K 100,000 25 280,000 1,854,052 1,854,052 2025 Debt Levy 1,619,150 increase 2025 to 2026 234,902 w/o 22A abatement bonds 234,902 Misc:25