On the agenda: Spring Lake Park packet — Flock camera (Sep 21)

CITY COUNCIL REGULAR AGENDA
MONDAY, SEPTEMBER 21, 2026
CITY HALL at 7:00 PM
1.
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3.
4.
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6.

CALL TO ORDER
ROLL CALL
PLEDGE OF ALLEGIANCE
ADDITIONS OR CORRECTIONS TO AGENDA
DISCUSSION FROM THE FLOOR
PRESENTATION
A. Presentation of 2025 Audited Financial Statements
7. CONSENT AGENDA
A. Approval of Minutes - City Council Meeting - September 8, 2026
B. Approval of August Claims List - General Disbursement #26-15 - $336,703.28
C. Revenue and Expenditure Report - August 2026
D. Statement of Fund Balance - August 2026
E. 2026 Second Half Suburban Rate Authority Assessment
F. Contractor's Licenses
G. Approval of Right-of-Way Application - Comcast Cable
8. DEPARTMENT REPORTS
A. Police Report
9. ORDINANCES AND/OR RESOLUTIONS
A. Resolution 2026-43, Adopting Proposed 2026 Taxes Collectable in 2027
B. Resolution 2026-44, Cancelling or Reducing Bond Levies - 2026/2027
C. Resolution 2026-45, Authorizing Reimbursement of Project Expenditures from Bond
Proceeds and Partial Transfer of Bond Proceeds to the 2024 G.O. CIP Bond Debt Service
Fund
10. UNFINISHED BUSINESS
A. Resolution 2026-36, Accepting Donation from Keith Schweiger for Police Department Flock
Camera Program
11. NEW BUSINESS
A. Authorization to Issue Request for Proposals for Professional Auditing Services
12. REPORTS
A. Attorney Report
SEE REVERSE SIDE FOR RULES FOR PUBLIC HEARINGS
AND DISCUSSION FROM THE FLOOR
Individuals with disabilities needing auxiliary aid(s) may request assistance by contacting the Deputy City Clerk at
1301 81st Avenue NE, Spring Lake Park, MN 55432. Ph.763-784-6491 at least 48 hours in advance.
One or more City Councilmembers may participate in this meeting remotely using interactive technology, in
compliance with the Minnesota Open Meeting Law.

B. Engineer Report
C. Administrator Report
13. OTHER
14. ADJOURN

RULES FOR DISCUSSION FROM THE FLOOR AND PUBLIC HEARINGS
DISCUSSION FROM THE FLOOR
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Discussion from the floor is limited to three minutes per person. Longer presentations must be
scheduled through the Administrator, Clerk/Treasurer’s office.
Individuals wishing to be heard must sign in with their name and address. Meetings are video
recorded so individuals must approach the podium and speak clearly into the microphone.
Council action or discussion should not be expected during “Discussion from the Floor.”
Council may direct staff to research the matter further or take the matter under advisement
for action at the next regularly scheduled meeting.

PUBLIC HEARINGS
The purpose of a public hearing is to allow the City Council to receive citizen input on a proposed
project. This is not a time to debate the issue.
The following format will be used to conduct the hearing:
 The presenter will have a maximum of 10 minutes to explain the project as proposed.
 Councilmembers will have the opportunity to ask questions or comment on the proposal.
 Citizens will then have an opportunity to ask questions and/or comment on the project. Those
wishing the comment are asked to limit their comments to 3 minutes.
In cases where there is a spokesperson representing a group wishing to have their collective opinions
voiced, the spokesperson should identify the audience group he/she is representing and may have a
maximum of 10 minutes to express the views of the group.
 People wishing to comment are asked to keep their comments succinct and specific.
 Following public input, Councilmembers will have a second opportunity to ask questions of the
presenter and/or citizens.
 After everyone wishing to address the subject of the hearing has done so, the Mayor will close
the public hearing.
 The City Council may choose to take official action on the proposal or defer action until the
next regularly scheduled Council meeting. No further public input will be received at that time.

City of Spring Lake Park
Staff Report
Agenda Date

Status

September 21, 2026

Active

Requestor

Agenda Section

Buchholtz

Presentations

Agenda Item:
Presentation of 2025 Audited Financial Statements
Executive Summary
Jason Miller, CohnReznick, will present the results of the audit of the City’s financial
statements for the year ended December 31, 2025. The audit provides an independent
review of the City’s financial position, results of operations, internal controls, and compliance
with applicable accounting standards and legal requirements. The presentation will highlight
the City’s overall financial condition, significant year-end results, and any findings or
recommendations identified through the audit process. Staff recommends that the City
Council receive and accept the 2025 audited financial statements.
Staff Recommendation
Accept 2025 Audited Financial Statements

Attachments
1. 2025 Audited Financial Statements – Final
2. 2025 SLP AUC-260 Communication – Final
3. 2026 SLP AUC-265 Communication – Final

City of Spring Lake Park, Minnesota
Financial Statements
(With Supplementary Information)
and Independent Auditor’s Report
December 31, 2025

City of Spring Lake Park, Minnesota
Index
PAGE
Introductory Section
Elected and Appointed Officials

5

Financial Section
Independent Auditor's Report
Management's Discussion and Analysis
Basic Financial Statements
Government-Wide Financial Statements
Statement of Net Position
Statement of Activities
Fund Financial Statements
Balance Sheet - Governmental Funds
Reconciliation of Net Position in the Government-wide
Financial Statements and Fund Balances in the Fund
Basis Financial Statements
Statement of Revenues, Expenditures, and Changes in
Fund Balances - Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures,
and Changes in Fund Balances of Governmental Funds
to the Statement of Activities
Statement of Revenues, Expenditures and Changes in Fund Balance Budget and Actual - General Fund
Statement of Net Position - Proprietary Funds
Statement of Revenues, Expenses and Changes in
Net Position - Proprietary Funds
Statement of Cash Flows - Proprietary Funds
Notes to Financial Statements
Required Supplementary Information
Schedule of City Contributions
PERA General Employees Retirement Fund
PERA Public Employees Police and Fire Fund Pension Plan
Schedule of City and Non-Employer Proportionate Share of Net Pension Liability
General Employees Retirement Fund
Public Employees Police and Fire Fund Pension Plan
Notes to Required Supplementary Information

1

9
13

27
28
32

35
36

39
40
44
47
48
53

94
94
96
96
98

City of Spring Lake Park, Minnesota
Index

Combining and Individual Nonmajor Fund Statements and Schedules
Combining Balance Sheet - Nonmajor Governmental Funds
Combining Statement of Revenues, Expenditures and Changes in Fund
Balances - Nonmajor Governmental Funds
Combining Balance Sheet - Nonmajor Special Revenue Funds
Combining Statement of Revenues, Expenditures and Changes in Fund
Balances - Nonmajor Special Revenue Funds
Combining Balance Sheet - Nonmajor Debt Service Funds
Combining Statement of Revenues, Expenditures and Changes in Fund
Balances - Nonmajor Debt Service Funds
Combining Balance Sheet - Nonmajor Capital Projects Funds
Combining Statement of Revenues, Expenditures and Changes in Fund
Balances - Nonmajor Capital Projects Funds
OTHER REPORT SECTION
Independent Auditor's Report on Internal Control Over Financial Reporting and on
Compliance and Other Matters Based on an Audit of Financial Statements
Performed in Accordance with Government Auditing Standards
Summary Schedule of Prior Audit Findings
Schedule of Findings and Responses
Corrective Action Plan

2

108
110
111
115
119
121
123
127

134
136
137
138

City of Spring Lake Park
Introductory Section
December 31, 2025

This Page Left Blank Intentionally

City of Spring Lake Park, Minnesota
Elected and Appointed Officials
December 31, 2025

Position

Name

Term Expires

Elected Officials
City Council:
Mayor
Council Member
Council Member
Council Member
Council Member

Robert Nelson

December 31, 2026

April Moran
Lisa Dircks
Barbara Goodboe-Bisschoff
Ken Wendling

December 31, 2026
December 31, 2028
December 31, 2028
December 31, 2026

Appointed Officials
City Administrator,
Clerk-Treasurer
Accountant

Daniel R. Buchholtz

Continuous

Melissa Barker

Continuous

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City of Spring Lake Park
Financial Section
December 31, 2025

This Page Left Blank Intentionally

Independent Auditor’s Report
To the Honorable Mayor and Members
of the City Council
City of Spring Lake Park, Minnesota

Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental activities, the business-type activities,
each major fund, and the aggregate remaining fund information of City of Spring Lake Park, Minnesota,
as of and for the year ended December 31, 2025, and the related notes to financial statements, which
collectively comprise City of Spring Lake Park, Minnesota’s basic financial statements as listed in the
index.
In our opinion, the accompanying financial statements present fairly, in all material respects, the
respective financial position of the governmental activities, the business-type activities, each major
fund, and the aggregate remaining fund information of City of Spring Lake Park, Minnesota as of
December 31, 2025, and the respective changes in financial position and, where applicable, cash flows
thereof and the respective budgetary comparison for the General Fund for the year then ended in
accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States
of America (“GAAS”) and the standards applicable to financial audits contained in Government Auditing
Standards, issued by the Comptroller General of the United States. Our responsibilities under those
standards are further described in the Auditor’s Responsibilities for the Audit of the Financial
Statements section of our report. We are required to be independent of City of Spring Lake Park,
Minnesota and to meet our other ethical responsibilities, in accordance with the relevant ethical
requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion.
2024 Financial Statements Restated
The financial statements of the City of Spring Lake Park, Minnesota for the year ended December 31,
2024, before the restatement described in Note 17, were audited by another auditor who expressed
unmodified opinions on those statements on June 30, 2025. As part of our audit of the December 31,
2025 financial statements, we also audited the adjustments described in Note 17 that were applied to
restate the 2024 government-wide financial statements. In our opinion, such adjustments are
appropriate and have been properly applied. We were not engaged to audit, review or apply any
procedures to the 2024 financial statements of the City of Spring Lake Park, Minnesota other than with
respect to the adjustment and, accordingly, we do not express an opinion or any form of assurance on
the 2024 financial statements as a whole.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in
accordance with accounting principles generally accepted in the United States of America, and for the
design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due to fraud or
error.
In preparing the financial statements, management is required to evaluate whether there are conditions
or events, considered in the aggregate, that raise substantial doubt about City of Spring Lake Park,
Minnesota’s ability to continue as a going concern for twelve months beyond the financial statement
date, including any currently known information that may raise substantial doubt shortly thereafter.
9

Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that
includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance
and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government
Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a
material misstatement resulting from fraud is higher than for one resulting from error, as fraud may
involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Misstatements are considered material if there is a substantial likelihood that, individually or in the
aggregate, they would influence the judgment made by a reasonable user based on the financial
statements.
In performing an audit in accordance with GAAS and Government Auditing Standards, we:








Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due
to fraud or error, and design and perform audit procedures responsive to those risks. Such
procedures include examining, on a test basis, evidence regarding the amounts and disclosures
in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of City of Spring Lake Park, Minnesota’s internal control.
Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant
accounting estimates made by management, as well as evaluate the overall presentation of the
financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate,
that raise substantial doubt about City of Spring Lake Park, Minnesota’s ability to continue as a
going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters,
the planned scope and timing of the audit, significant audit findings, and certain internal control–related
matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the
Management’s Discussion and Analysis, Schedules of City Contributions, and Schedules of City and
Non-Employer Proportionate Share of Net Pension Liability as listed in the index be presented to
supplement the basic financial statements. Such information is the responsibility of management and,
although not a part of the basic financial statements, is required by the Governmental Accounting
Standards Board who considers it to be an essential part of financial reporting for placing the basic
financial statements in an appropriate operational, economic, or historical context. We have applied
certain limited procedures to the required supplementary information in accordance with auditing
standards generally accepted in the United States of America, which consisted of inquiries of
management about the methods of preparing the information and comparing the information for
consistency with management’s responses to our inquiries, the basic financial statements, and other
knowledge we obtained during our audit of the basic financial statements. We do not express an
opinion or provide any assurance on the information because the limited procedures do not provide us
with sufficient evidence to express an opinion or provide any assurance.

10

Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise City of Spring Lake Park, Minnesota’s basic financial statements. The combining
and individual nonmajor fund financial statements listed in the index are presented for purposes of
additional analysis and are not a required part of the basic financial statements.
The combining and individual nonmajor fund financial statements are the responsibility of management
and were derived from and relate directly to the underlying accounting and other records used to
prepare basic the financial statements. The information has been subjected to the auditing procedures
applied in the audit of the basic financial statements and certain additional procedures, including
comparing and reconciling such information directly to the underlying accounting and other records
used to prepare the basic financial statements or to the basic financial statements themselves, and
other additional procedures in accordance with GAAS. In our opinion, the combining and individual
nonmajor fund financial statements are fairly stated in all material respects in relation to the basic
financial statements as a whole.
Other Information
Management is responsible for the other information included in the report. The other information
comprises the introductory section but does not include the basic financial statements and our auditor's
report thereon. Our opinions on the basic financial statements do not cover the other information, and
we do not express an opinion or any form of assurance thereon. In connection with our audit of the
basic financial statements, our responsibility is to read the other information and consider whether a
material inconsistency exists between the other information and the basic financial statements, or the
other information otherwise appears to be materially misstated. If, based on the work performed, we
conclude that an uncorrected material misstatement of the other information exists, we are required to
describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated September
8, 2026 on our consideration of City of Spring Lake Park, Minnesota’s internal control over financial
reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and
grant agreements and other matters. The purpose of that report is solely to describe the scope of our
testing of internal control over financial reporting and compliance and the results of that testing, and not
to provide an opinion on the effectiveness of internal control over financial reporting or on compliance.
That report is an integral part of an audit performed in accordance with Government Auditing Standards
in considering City of Spring Lake Park, Minnesota’s internal control over financial reporting and
compliance.

Minneapolis, Minnesota
September 8, 2026

11

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City of Spring Lake Park, Minnesota
Management’s Discussion and Analysis
December 31, 2025
As management of the City of Spring Lake Park, we offer readers of the City's financial statements
this narrative overview and analysis of the financial activities of the City of Spring Lake Park for the
fiscal year ended December 31, 2025, with comparative data for the fiscal year ended December 31,
2024.
Financial highlights
 The assets and deferred outflows of resources of the City of Spring Lake Park exceeded its
liabilities and deferred inflows of resources at the close of the most recent fiscal year by
$28,192,371 (net position). Of this amount, $11,048,870 (unrestricted net position) may be
used to meet the City's ongoing obligations to citizens and creditors in accordance with the
City's fund designations and fiscal policies.
 The City's total net position increased by $2,122,768. The increase is mainly attributed to
higher than anticipated investment earnings, grants and contributions not restricted to specific
programs and miscellaneous revenues.
 As of the close of the current fiscal year, the City of Spring Lake Park’s governmental funds
reported combined ending fund balances of $10,937,866, a decrease of $1,070,372 from the
prior year.
 At the end of the current fiscal year, fund balance for the general fund was $3,383,658, or
61.9% of total general fund expenditures.
 The City's total noncurrent liabilities decreased by $808,448 due to debt service expenditures.
Overview of the financial statements
This discussion and analysis are intended to serve as an introduction to the City of Spring Lake
Park’s basic financial statements. The City's basic financial statements are comprised of the
following three components: 1) government-wide financial statements, providing information for the
City as a whole, 2) fund financial statements, providing detailed information for the City's significant
funds, and 3) notes to the financial statements, providing additional information that is essential to
understanding the government-wide and fund financial statements. This report also contains other
supplementary information in addition to the basic financial statements themselves.
Government-wide financial statements. The government-wide financial statements are designed
to provide readers with a broad overview of the City of Spring Lake Park’s finances, in a manner
similar to a private-sector business.
The statement of net position presents information on all of the City of Spring Lake Park’s assets
and deferred outflows of resources and liabilities and deferred inflows of resources, with the
difference between the two reported as net position. Over time, increases or decreases in net
position may serve as a useful indicator of whether the financial position of the City of Spring Lake
Park is improving or deteriorating.

13

City of Spring Lake Park, Minnesota
Management’s Discussion and Analysis
December 31, 2025
The statement of activities presents information showing how the City's net position changed during
the most recent fiscal year. All changes in net position are reported as soon as the underlying event
giving rise to the change occurs, regardless of the timing of the related cash flows. Thus, revenues
and expenses are reported in this statement for some items that will only result in cash flows in
future fiscal periods (e.g. uncollected taxes and earned but unused vacation leave).
Both of the government-wide financial statements distinguish functions of the City of Spring Lake
Park that are principally supported by taxes and intergovernmental revenues (governmental
activities) from other functions that are intended to recover all or a significant portion of their costs
through user fees and charges (business-type activities). The governmental activities of the City of
Spring Lake Park include general government, public safety, public works, recreation and parks and
development. The business-type activities of the City of Spring Lake Park include the utility fund.
The government-wide financial statements can be found on pages 27-29 of this report.
Fund financial statements. A fund is a grouping of related accounts that is used to maintain
control over resources that have been segregated for specific activities or objectives. The City of
Spring Lake Park, like other state and local governments, uses fund accounting to ensure and
demonstrate compliance with finance-related legal requirements. All of the funds of the City of
Spring Lake Park can be divided into two categories: governmental funds and proprietary funds.
Governmental funds. Governmental funds are used to account for essentially the same functions
reported as governmental activities in the government-wide financial statements. However, unlike
the government-wide financial statements, governmental fund financial statements focus on nearterm inflows and outflows of spendable resources, as well as on balances of spendable resources
available at the end of the fiscal year. Such information may be useful in evaluating a government’s
near-term financial requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial
statements, it is useful to compare the information presented for governmental funds with similar
information presented for governmental activities in the government-wide financial statements. By
doing so, readers may better understand the long-term impact of the government’s near-term
financing decisions. Both the governmental fund balance sheet and the governmental fund
statement of revenues, expenditures, and changes in fund balances provide a reconciliation to
facilitate this comparison between governmental funds and governmental activities.
The City of Spring Lake Park maintains thirty-eight individual governmental funds. Information is
presented separately in the governmental fund balance sheet and in the governmental fund
statement of revenues, expenditures, and changes in fund balances for the general fund, HRA
reserve fund, the revolving fund, and the renewal and replacement fund, all of which are considered
to be major funds. Data from the other governmental funds are combined into a single, aggregated
presentation. Individual fund data for each of these nonmajor governmental funds is provided in the
form of combining statements or schedules elsewhere in this report.

14

City of Spring Lake Park, Minnesota
Management’s Discussion and Analysis
December 31, 2025
The City of Spring Lake Park adopts an annual budget for its general fund. Budgetary comparison
statements have been provided for this fund (pages 40-43) to demonstrate compliance with the
budget.
The basic governmental fund financial statements can be found on pages 32-39 of this report.
Proprietary funds. The City of Spring Lake Park maintains one type of proprietary fund enterprise funds. Enterprise funds are used to report the same functions presented as businesstype activities in the government-wide financial statements. The City of Spring Lake Park uses
enterprise funds to account for its utility operations.
Proprietary funds provide the same type of information as the government-wide financial
statements, only in more detail. The proprietary fund financial statements provide separate
information for the utility fund, which is considered to be a major fund of the City of Spring Lake
Park.
The proprietary fund financial statements can be found on pages 44-49 of this report.
Notes to the financial statements. The notes provide additional information that is essential to a
full understanding of the data provided in the government-wide and fund financial statements. The
notes to the financial statements can be found on pages 53-90 of this report.
Other Information. The combining statements referred to earlier in connection with nonmajor
governmental funds can be found on pages 108-130 of this report.
Government-Wide financial analysis
As noted earlier, net position may serve over time as a useful indicator of a government’s financial
position. In the case of the City of Spring Lake Park, assets and deferred outflows of resources
exceeded liabilities and deferred inflows of resources by $28,192,371 at the close of the most
recent fiscal year.

15

City of Spring Lake Park, Minnesota
Management’s Discussion and Analysis
December 31, 2025
The largest portion of the City of Spring Lake Park’s net position, $16,398,178 (58%) reflects its
investment in capital assets (e.g. land, buildings and improvements, and machinery and
equipment), less any related debt used to acquire those assets that is still outstanding. The City of
Spring Lake Park uses these capital assets to provide services to citizens; consequently, these
assets are not available for future spending. Although the City of Spring Lake Park's investment in
capital assets is reported net of related debt, it should be noted that the resources needed to repay
this debt must be provided from other sources, since the capital assets themselves cannot be used
to liquidate these liabilities.
City of Spring Lake Park's Net Position
Governmental Activities
2025
2024
Current and other assets
Capital assets, as restated

Business-Type Activities
2025
2024

$ 17,417,680
24,285,820

$ 17,950,988
22,425,529

31,212,671

29,973,019

10,490,829

10,403,498

41,703,500

40,376,517

Deferred outflows of resources

1,464,200

2,028,196

33,035

29,229

1,497,235

2,057,425

Long-term liabilities outstanding
Other liabilities

9,592,869
660,860

10,404,218
573,436

144,400
131,716

141,499
45,338

9,737,269
792,576

10,545,717
618,774

10,253,729

10,977,654

276,116

186,837

10,529,845

11,164,491

Deferred inflows of resources

2,288,232

2,857,810

2,190,287

2,342,038

4,478,519

5,199,848

Net position
Net investment in capital assets, as restated
Restricted
Unrestricted

11,141,754
745,323
8,247,833

8,276,566
972,306
8,916,879

5,256,424
2,801,037

5,668,154
2,235,698

16,398,178
745,323
11,048,870

13,944,720
972,306
11,152,577

$ 20,134,910

$ 18,165,751

7,903,852

$ 28,192,371

$ 26,069,603

Total net position

$

8,057,461

$

4,735,344
5,668,154

$ 13,215,644
16,757,375

Total liabilities

5,234,405
5,256,424

2024

$ 12,183,275
19,029,396

Total assets

$

Total
2025

$

An additional portion of the City of Spring Lake Park's net position at December 31, 2025 (3%)
represents resources that are subject to external restrictions on how they may be used. The
remaining balance of unrestricted net position ($11,048,870) may be used to meet the
government's ongoing obligations to citizens and creditors.
At the end of the current fiscal year, the City of Spring Lake Park is able to report positive balances
in all categories of net position for the City as a whole.
Net position and capital assets were restated by $1,299,019 for construction in progress related to
the City Hall renovations that was inadvertently omitted from the City’s capital asset schedule in
2024. As a result, general government expenses decreased by $1,299,019, capital assets
increased by $1,299,019 and net position increased by $1,299,019.

16

City of Spring Lake Park, Minnesota
Management’s Discussion and Analysis
December 31, 2025
Governmental activities. Governmental activities account for 71% of the City of Spring Lake
Park's net position as of December 31, 2025. The total increase in net position for governmental
activities was $1,969,159. The key element for this increase was significant investment earnings,
grants and contributions, and miscellaneous revenues during the year.
Business-type activities. Business-type activities increased the City of Spring Lake Park's net
position by $153,609 due primarily to an increase in charges to the City’s citizens for utility services
provided in the current year.
City of Spring Lake Park's Change in Net Position

Governmental Activities
2025
2024
Revenues
Program revenues
Charges for services
Operating grants and contributions
Capital grants and contributions
General revenues
Property taxes
Other
Total revenues

Business-Type Activities
2025
2024

$ 3,460,405
870,023
1,139,463

$ 3,186,746
1,325,618
557,856

4,694,911
2,265,755
10,218,375

4,322,044
1,754,722
9,241,537

403,161
2,615,343

302,917
2,208,366

4,694,911
2,668,916
12,833,718

4,322,044
2,057,639
11,449,903

Expenses
General government, as restated
Public safety
Public works
Recreation and parks
Development and other
Interest on long-term debt
Utility
Total expenses

1,702,508
2,917,521
1,545,212
1,557,663
474,399
317,410
8,514,713

1,344,511
2,777,645
1,442,695
1,358,176
607,729
343,514
7,874,270

2,196,237
2,196,237

2,617,447
2,617,447

1,702,508
2,917,521
1,545,212
1,557,663
474,399
317,410
2,196,237
10,710,950

1,344,511
2,777,645
1,442,695
1,358,176
607,729
343,514
2,617,447
10,491,717

Change in net position before transfers

1,703,662

1,367,267

419,106

(409,081)

2,122,768

958,186

265,497

288,502

(265,497)

(288,502)

Change in net position after transfers

1,969,159

1,655,769

153,609

(697,583)

2,122,768

958,186

Net position - beginning of year, as restated

18,165,751

16,509,982

7,903,852

8,601,435

26,069,603

25,111,417

$ 20,134,910

$ 18,165,751

7,903,852

$ 28,192,371

$ 26,069,603

17

$

8,057,461

$

1,905,449
-

$ 1,281,297
1,325,618
557,856

Net position - end of year

2,212,182
-

2024

$ 1,248,223
870,023
1,139,463

Transfers

$

Total
2025

$

-

-

City of Spring Lake Park, Minnesota
Management’s Discussion and Analysis
December 31, 2025
Below are specific graphs that provide comparisons of the governmental activities direct program
revenues with their expenses for the year ended December 31, 2025. Any shortfalls in direct
revenues are primarily supported by property tax levy or general state aid.

Expenses and Program Revenues - Governmental Activities
$3,250,000
$3,000,000
$2,750,000
$2,500,000
$2,250,000
$2,000,000
$1,750,000
$1,500,000
$1,250,000
$1,000,000
$750,000
$500,000
$250,000
$0

Program revenues
Expenses

Revenues by Source - Governmental Activities

Other
22%
Operating grants
and contributions
9%

Property taxes
46%

Capital grants and
contributions
11%
Charges for
services
12%

18

City of Spring Lake Park, Minnesota
Management’s Discussion and Analysis
December 31, 2025
The following graphs relate the business-type activity's program revenues with its expenses for the
year ended December 31, 2025. Since this activity requires significant physical assets to operate,
any excess revenues are held for planned capital expenditures to keep pace with growing demand
for services.
Expenses and Program Revenues - Business-Type
Activities

$2,250,000
Program
revenues
Expenses

$2,000,000

$1,750,000

$1,500,000

Revenues by Source - Business-Type Activities

Other
15%

Charges for
services
85%

19

City of Spring Lake Park, Minnesota
Management’s Discussion and Analysis
December 31, 2025
Financial analysis of the government's funds
As noted earlier, the City of Spring Lake Park uses fund accounting to ensure and demonstrate
compliance with finance-related legal requirements.
Governmental funds. The focus of the City of Spring Lake Park’s governmental funds is to
provide information on near-term inflows, outflows, and balances of spendable resources. Such
information is useful in assessing the City of Spring Lake Park’s financing requirements. In
particular, unassigned fund balance may serve as a useful measure of a government’s net
resources available for spending at the end of the fiscal year.
As of the end of the current fiscal year, the City of Spring Lake Park’s governmental funds reported
combined ending fund balances of $10,937,866, a decrease of $1,070,372 in comparison with the
prior year. Approximately 93% of this total fund balance, or $10,185,175, constitutes assigned and
unassigned fund balance, which is available for spending at the government’s discretion. The
remainder of the fund balance, $752,691, is restricted and nonspendable to indicate that it is not
available for new spending because it has already been restricted by creditors, grantors or
regulations of other governments or has been expensed for prepaid items.
The general fund is the chief operating fund of City of Spring Lake Park. At the end of the current
year, fund balance of the general fund was $3,383,658. As a measure of liquidity, it may be useful
to compare the fund balance to total fund expenditures. Fund balance represents 62% of total
current year general fund expenditures. The general fund’s total fund balance increased by $99,766
during the current year due primarily to lower-than-budgeted expenditures, particularly personnel
expenditures within the Police and Code Enforcement functions.
The HRA reserve fund decreased its fund balance by $1,068,989 due to capital outlay in excess of
other revenues and investment earnings allocated to this fund for HRA activities.
The revolving fund increased its fund balance by $785,167 due primarily to special assessments
and intergovernmental revenues allocated to the fund in excess of current year capital outlay.
The renewal and replacement fund increased its fund balance by $64,484 due to investment
income allocated to this fund while the fund incurred no expenditures during the current year.
The special revenue funds (other than the HRA reserve fund described as a major fund previously)
increased their overall fund balances by $101,115 during the year.
The debt service funds increased their collective fund balance by $28,472 due primarily to transfers
from other funds to cover debt service and development expenditures in excess of property tax and
other revenues allocated to the fund.

20

City of Spring Lake Park, Minnesota
Management’s Discussion and Analysis
December 31, 2025
The capital projects funds (other than the revolving and renewal and replacement funds described
as major funds previously) decreased their collective fund balance by $1,080,387 due primarily to
capital outlay expenditures in excess of various revenues allocated to the fund.
Proprietary funds. The City of Spring Lake Park's proprietary funds provide the same type of
information found in the government-wide financial statements, but in more detail.
Unrestricted net position for utility operations at the end of the year amounted to $2,801,037. The
utility fund increased its net position by $153,609, for the year ended December 31, 2025. Other
factors concerning the finances of this fund have already been addressed in the discussion of the
City of Spring Lake Park's business-type activities.
General fund budgetary highlights
The City's General Fund budget was not amended during the year. The budget called for a
balanced budget. The actual net change to the General Fund balance was an increase of $99,766.
Revenues were below budget by $12,230 for the year ended December 31, 2025 due primarily to
lower than anticipated property tax revenues. Total expenditures were below budget by $547,263
for the year. One department had expenditures in excess of budget: general government exceeded
budget by $17,865. These over expenditures were primarily related to higher than anticipated
information technology and government buildings contracted services.
Capital asset and debt administration
Capital assets. The City of Spring Lake Park’s investment in capital assets for its governmental
and business-type activities as of December 31, 2025, amounted to $24,285,820 (net of
accumulated depreciation). This investment in capital assets includes land, construction in
progress, land improvements, buildings and improvements, machinery and equipment and
infrastructure. Total capital assets increased by $1,860,291, or approximately 8%, for the year
ended December 31, 2025, due to city hall renovations and other asset additions in excess of
current year depreciation expense.
City of Spring Lake Park's Capital Assets
(net of depreciation)

Governmental Activities
2024,
2025
as restated
Land
Construction in progress
Buildings and improvements
Machinery and equipment
Infrastructure
Total

$

$

2,085,300
7,613,680
1,612,789
7,717,627
19,029,396

$

$

305,000
7,614,721
800,315
1,154,010
6,883,329
16,757,375

Business-Type Activities
2025
$

$

21

1,108,440
187,331
3,960,653
5,256,424

Total

2024
$

$

1,208,934
206,302
4,252,918
5,668,154

2025
$

$

2,085,300
8,722,120
1,800,120
11,678,280
24,285,820

2024
$

$

305,000
7,614,721
2,009,249
1,360,312
11,136,247
22,425,529

City of Spring Lake Park, Minnesota
Management’s Discussion and Analysis
December 31, 2025
Additional information on the City of Spring Lake Park’s capital assets can be found in Note 5 on
pages 69 and 70 of this report.
Long-term debt. At the end of the current fiscal year, the City of Spring Lake Park had $7,410,000
in bonds, certificates, and notes payable outstanding. The entire amount outstanding comprises
debt backed by the full faith and credit of the government.
City of Spring Lake Park's Outstanding Debt
General Obligation Bonds, Certificates and Notes Payable
Governmental Activities
2025
2024
General obligation bonds
and notes payable
Total

$
$

7,410,000
7,410,000

$
$

7,979,051
7,979,051

Business-Type Activities
2025
2024
$
$

-

$
$

Total
2025
-

$
$

7,410,000
7,410,000

2024
$
$

7,979,051
7,979,051

The City of Spring Lake Park's total bonds, certificates and notes payable decreased by $569,051
during the current fiscal year. The decrease was due to scheduled debt service expenditures.
The City of Spring Lake Park maintains an AA bond rating from S&P for general obligation debt.
State statutes limit the amount of general obligation debt a Minnesota City may issue up to 3% of its
market value of taxable property. Net debt is payable solely from ad valorem taxes. The City is
currently well within this limit.
Economic factors and next year's budgets and rates
The City’s financial planning for 2026 reflects a generally stable but increasingly constrained
economic environment, shaped by continued inflationary pressures, workforce costs, infrastructure
needs, and uncertainty regarding future state and federal funding. Like many Minnesota
municipalities, the City continues to experience increased costs for public safety, employee
compensation and benefits, contractual services, construction, utilities, insurance, and capital
equipment.
At the state level, Local Government Aid and other intergovernmental revenues continue to provide
an important source of support for municipal services. Given projected pressures on future state
budgets and the temporary nature of certain state and federal funding programs, the City continues
to take a conservative approach when incorporating these revenues into its long-range forecasts.
Locally, Spring Lake Park is a mature, largely built-out community with limited opportunities for
substantial tax-base growth through new development. Property values have generally remained
stable, and redevelopment represents the primary opportunity for future growth in tax capacity. As a
result, the City must continue to balance increasing operating and capital costs against a relatively
stable tax base and the financial impact of property tax and utility rate adjustments on residents and
businesses.

22

City of Spring Lake Park, Minnesota
Management’s Discussion and Analysis
December 31, 2025
In response to these conditions, the City adopted a conservative 2026 budget that maintains
existing service levels while continuing to invest in infrastructure, facilities, public safety, and
equipment. The City continues to use annual budgeting, capital improvement planning, review of
future financial obligations, and maintenance of appropriate fund balances to address future
expenditure pressures and preserve long-term financial stability.
Major activities contemplated in 2026 and future years include:







Completion of the 2026 Street Improvement Project, including mill and overlay
improvements to Plaza Boulevard, Center Drive, Sunset Road, portions of the County State
Aid Highway 10 Service Drive, and other associated street improvements.
Replacement of the Terrace Park building, utilizing Community Development Block Grant
funding and City park improvement resources, subject to final project costs and available
funding.
Rehabilitation of the City’s Arthur Street and Able Street water towers to address identified
maintenance and corrosion issues.
Continued removal and replacement of ash trees affected by Emerald Ash Borer and
implementation of ongoing community reforestation efforts.
Continued investment in the City’s street, water, sanitary sewer, stormwater, park,
technology, and other public infrastructure through the City’s capital improvement planning
process.
Planning for the City’s share of future regional fire service capital needs, including the
proposed SBM Fire Department northeast fire station.

The City will continue to monitor economic conditions, property values, state and federal funding,
employee compensation and benefit costs, construction pricing, and other factors affecting future
budgets and utility rates. Management anticipates that continued incremental adjustments to
property taxes and user rates will be necessary to maintain current service levels and fund the
City’s long-term infrastructure and capital needs.
Requests for information
This financial report is designed to provide a general overview of the City of Spring Lake Park’s
finances for all those with an interest in the City's finances. Questions concerning any of the
information provided in this report or requests for additional information should be addressed to City
of Spring Lake Park, 1301 - 81st Avenue NE, Spring Lake Park, Minnesota 55432.

23

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City of Spring Lake Park, Minnesota
Government-Wide Financial Statements
December 31, 2025

This Page Left Blank Intentionally

City of Spring Lake Park, Minnesota
Statement of Net Position
December 31, 2025

Assets
Cash and investments
Receivables
Lease receivables
Intergovernmental receivables
Internal balances
Prepaid items and other
Capital assets
Nondepreciable
Depreciable, net

Governmental
Activities

Business-Type
Activities

$ 11,095,959
803,732
181,800
75,718
18,379
7,687

$

2,234,121
815,918
2,201,953
792
(18,379)
-

$ 13,330,080
1,619,650
2,383,753
76,510
7,687

2,085,300
16,944,096

5,256,424

2,085,300
22,200,520

31,212,671

10,490,829

41,703,500

1,464,200

33,035

1,497,235

$ 32,676,871

$ 10,523,864

$ 43,200,735

$

$

$

Total assets
Deferred outflows of resources
Deferred outflows from pension activity
Total assets and deferred
outflows of resources
Liabilities
Accounts payable
Accrued payroll and related taxes
Unearned revenue
Deposits and other liabilities
Noncurrent liabilities
Due within one year
Due in more than one year
Net pension liability
Total liabilities
Deferred inflows of resources
Deferred inflows from leasing activity
Deferred inflows from pension activity
Total deferred inflows of resources
Net position
Net investment in capital assets
Restricted for:
Debt service requirements
Police activities
Community development
Street improvements
Park acquisition
Unrestricted
Total net position
Total liabilities, deferred inflows
of resources, and net position

See Notes to Financial Statements
27

Total

218,043
212,305
7,250
223,262

114,865
10,772
3,000
3,079

332,908
223,077
10,250
226,341

39,441
8,146,220
1,407,208

12,381
15,143
116,876

51,822
8,161,363
1,524,084

10,253,729

276,116

10,529,845

168,600
2,119,632

2,099,370
90,917

2,267,970
2,210,549

2,288,232

2,190,287

4,478,519

11,141,754

5,256,424

16,398,178

251,577
25,241
65,072
279,266
124,167
8,247,833

2,801,037

251,577
25,241
65,072
279,266
124,167
11,048,870

20,134,910

8,057,461

28,192,371

$ 32,676,871

$ 10,523,864

$ 43,200,735

City of Spring Lake Park, Minnesota
Statement of Activities
For the Year Ended December 31, 2025

Expenses

Functions/programs
Governmental activities
General government
Public safety
Public works
Recreation and parks
Development and other
Interest on long-term debt

$ 1,702,508
2,917,521
1,545,212
1,557,663
474,399
317,410

Total governmental activities
Business-Type activities
Utility
Total business-type activities
Total

Program Revenues
Operating
Capital
Charges for
Grants and
Grants and
Services
Contributions
Contributions
$

368,011
182,850
127,659
383,483
186,220
-

$

290,000
153,244
107,190
231,178
88,411
-

$

54,406
1,085,057
-

8,514,713

1,248,223

870,023

2,196,237

2,212,182

-

-

2,196,237

2,212,182

-

-

$ 10,710,950

$ 3,460,405

$

870,023

1,139,463

$ 1,139,463

General revenues
General property taxes
Grants and contributions not restricted to specific programs
Lease revenue
Investment earnings
Miscellaneous
Transfers
Total general revenues and transfers
Change in net position
Net position - beginning, as restated
Net position - ending

See Notes to Financial Statements
28

Net (Expense) Revenue
and Changes in Net Position
Governmental
Activities

Business-Type
Activities

$

$

(990,091)
(2,581,427)
(225,306)
(943,002)
(199,768)
(317,410)
(5,257,004)

$

-

Total
$

(990,091)
(2,581,427)
(225,306)
(943,002)
(199,768)
(317,410)

-

(5,257,004)

-

15,945

15,945

-

15,945

15,945

(5,257,004)

15,945

(5,241,059)

4,694,911
798,326
239,134
496,831
731,464
265,497

218,601
68,193
116,367
(265,497)

4,694,911
798,326
457,735
565,024
847,831
-

7,226,163

137,664

7,363,827

1,969,159

153,609

2,122,768

18,165,751

7,903,852

26,069,603

8,057,461

$ 28,192,371

20,134,910

$

29

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City of Spring Lake Park, Minnesota
Fund Financial Statements
December 31, 2025

City of Spring Lake Park, Minnesota
Balance Sheet
Governmental Funds
December 31, 2025

Special
Revenue
Fund

Assets
Cash and investments
Accounts receivable
Taxes receivable
Special assessments receivable
Lease receivable
Due from other funds
Due from other governmental units
Accrued interest receivable
Prepaid expenditures
Total assets
Liabilities, deferred inflows of
resources and fund balances
Liabilities
Accounts payable
Accrued payroll and taxes
Deposits and other liabilities
Due to other funds
Unearned revenue
Total liabilities
Deferred inflows of resources
Unavailable revenue
Property taxes
Special assessments
Leasing activity
Total deferred inflows of resources
Fund balances
Nonspendable
Restricted
Assigned
Unassigned
Total fund balances
Total liabilities, deferred inflows
of resources, and fund balances

Capital Project Funds
Revolving
Fund

Renewal and
Replacement

City Hall
Renovation
Fund

General Fund

HRA Reserve

$ 3,328,364
40,437
92,437
1,557
452,967
66,114
41,820
7,687

$

147,467
181,800
-

$ 1,112,388
321,636
13,613
607
-

$ 1,890,912
-

$

-

$ 4,031,383

$

329,267

$ 1,448,244

$ 1,890,912

$

-

$

$

380
5,697
6,077

$

$

$

-

96,214
211,069
78,944
167,504
553,731

3,130
251,015
254,145

-

92,437
1,557
93,994

168,600
168,600

321,636
321,636

7,687
3,375,971
3,383,658

154,590
154,590

872,463
872,463

1,890,912
1,890,912

329,267

$ 1,448,244

$ 1,890,912

$ 4,031,383

See Notes to Financial Statements
32

$

-

-

-

$

-

Other
Governmental
Funds

Total

$ 4,616,828
305,673
319
683
8,997
-

$ 11,095,959
346,110
92,437
323,512
181,800
467,263
75,718
41,820
7,687

$ 4,932,500

$ 12,632,306

$

$

118,369
1,236
138,718
30,365
7,250
295,938

218,093
212,305
223,359
448,884
7,250
1,109,891

319
319

92,437
323,512
168,600
584,549

745,004
3,914,648
(23,409)
4,636,243

7,687
745,004
10,208,584
(23,409)
10,937,866

$ 4,932,500

$ 12,632,306

33

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City of Spring Lake Park, Minnesota
Reconciliation of Net Position in the
Government-Wide Financial Statements and Fund Balances
in the Fund Basis Financial Statements
December 31, 2025

Amounts reported for governmental activities in the statement of net position are different because:
Total governmental fund balances (pages 32-33)

$ 10,937,866

Capital assets used in governmental activities are not financial
resources and, therefore, are not reported in the funds:
Governmental funds - capital assets
$
40,359,217
Accumulated depreciation
(21,329,821)
19,029,396
Other long-term assets are not available to pay for current-period
expenditures and, therefore, are unavailable in the funds:
Delinquent property taxes
$
92,437
Special assessments
323,512
415,949
Long-term liabilities are not due and payable in the current period
and therefore are not reported in the funds:
Bonds payable (net of receivable for amounts
to be paid by other governmental entities)
$
(7,410,000)
Net pension liability, deferred outflows and
inflows from pension activity
(2,062,640)
Compensated absences
(298,019)
Net unamortized bond premiums
(477,642)
(10,248,301)
Net position of governmental activities (page 27)

See Notes to Financial Statements
35

$ 20,134,910

City of Spring Lake Park, Minnesota
Statement of Revenues, Expenditures and
Changes in Fund Balances
Governmental Funds
For the Year Ended December 31, 2025

Special
Revenue
Fund

Revenues
Property and franchise taxes
Special assessments
Licenses and permits
Intergovernmental revenues
Charges for services
Fines and forfeitures
Investment earnings
Other revenues
Total revenues
Expenditures
Current
General government
Public safety
Public works
Recreation and parks
Development and other
Capital outlay
General government
Public safety
Public works
Recreation and parks
Debt service
Principal
Interest and other
Total expenditures

General Fund

HRA Reserve

$ 4,162,156
193,419
951,729
178,476
70,434
217,612
125,270

$

31,221
239,134

Capital Project Funds
Revolving
Fund
$

32,795
472,262
549,655
-

Renewal and
Replacement

City Hall
Renovation
Fund

$

$

64,484
-

-

5,899,096

270,355

1,054,712

64,484

-

1,129,708
2,873,729
327,640
897,709
111,485

235,428
-

60,542
-

-

-

126,838
-

1,780,300
-

284,003
-

-

-

-

-

-

-

-

5,467,109

2,015,728

344,545

-

-

Excess (deficiency) of revenues
over (under) expenditures

431,987

(1,745,373)

710,167

64,484

-

Other financing sources (uses)
Transfers from other funds
Transfers to other funds
Sale of capital assets

213,199
(545,420)
-

676,384

75,000
-

-

-

Total other financing sources (uses)

(332,221)

676,384

75,000

-

-

99,766

(1,068,989)

785,167

64,484

-

3,283,892

1,223,579

87,296

1,826,428

Net change in fund balances
Fund balances, beginning, as previously reported
Change within financial reporting entity - major to
nonmajor fund (Note 17)
Fund balances, beginning, as restated
Fund balances, ending

-

-

3,283,892
$ 3,383,658

See Notes to Financial Statements
36

-

1,223,579
$

154,590

-

87,296
$

872,463

2,403,867

(2,403,867)

1,826,428
$

1,890,912

$

-

Other
Governmental
Funds
$

510,746
26,089
458,260
692,253
667
183,514
350,441

Total
$

4,705,697
498,351
193,419
1,959,644
870,729
71,101
496,831
714,845

2,221,970

9,510,617

49,581
9,095
267,814
414,827
401,854

1,414,717
2,882,824
655,996
1,312,536
513,339

926,422
442,495
280,134

2,706,722
126,838
726,498
280,134

560,900
342,366

560,900
342,366

3,695,488

11,522,870

(1,473,518)

(2,012,253)

1,015,407
(492,689)
-

1,303,606
(1,038,109)
676,384

522,718

941,881

(950,800)

(1,070,372)

3,183,176

12,008,238

2,403,867

-

5,587,043

12,008,238

$ 4,636,243

$ 10,937,866

37

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City of Spring Lake Park, Minnesota
Reconciliation of the Statement of Revenues,
Expenditures, and Changes in Fund Balances of
Governmental Funds to the Statement of Activities
For the Year Ended December 31, 2025

Amounts reported for governmental activities in the statement of activities are different because:
Net change in fund balances - total governmental funds (pages 36-37)

$

(1,070,372)

Governmental funds report capital outlay as expenditures.
However, in the statement of activities the cost of those assets
is allocated over their estimated useful lives and reported as
depreciation expense:
Capital outlay
$
3,520,507
Depreciation expense
(1,213,408)
2,307,099
The net effect of various miscellaneous transactions involving
capital assets (i.e., sales, trade-ins and donations) is to
decrease net position

(35,078)

Revenues in the statement of activities that do not provide current
financial resources are not reported as revenues in the funds:
Unavailable revenue, end of year
$
415,949
Unavailable revenue, beginning of year
(384,575)
31,374
In the statement of activities, certain operating expenses - net pension
liability and compensated absences - are measured by the
amounts earned during the year. In the government funds,
however, expenditures for these items are measured by
the amount of financial resources used (essentially, the
amounts actually paid)
Net pension liability
$
219,238
Compensated absences
(77,109)
142,129
Bond, contract and loan proceeds provide current financial resources
to governmental funds, but issuing debt increases long-term
liabilities in the statement of net position. Repayment of long-term
debt is an expenditure in the governmental funds, but the
repayment reduces long-term liabilities in the statement of net
position:
Principal retirement on long-term debt
$
569,051
Change in accrued interest, bond premiums,
bond discounts and deferred charges
24,956
594,007
Change in net position of governmental activities (pages 28-29)

See Notes to Financial Statements
39

$

1,969,159

City of Spring Lake Park, Minnesota
General Fund
Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual
For the Year Ended December 31, 2025

Budgeted Amounts
Original
Final

2025
Actual
Amounts

Variance with
Final BudgetPositive
(Negative)

Revenues
General property taxes

$ 4,310,534 $ 4,310,534 $ 4,162,156 $

(148,378)

Licenses and permits
Licenses
Permits
Total licenses and permits

38,000
130,450
168,450

38,000
130,450
168,450

55,305
138,114
193,419

17,305
7,664
24,969

Intergovernmental
Police aids
Other aids
Total intergovernmental

145,000
789,077
934,077

145,000
789,077
934,077

153,403
798,326
951,729

8,403
9,249
17,652

Charges for services
General government
Public safety
Housing registration
Total charges for services

78,275
3,000
105,500
186,775

78,275
3,000
105,500
186,775

60,071
3,880
114,525
178,476

(18,204)
880
9,025
(8,299)

Fines and forfeits

83,000

83,000

70,434

(12,566)

Investment earnings

90,000

90,000

217,612

127,612

Miscellaneous revenue
Liaison officer
Insurance dividends
Reimbursements and other
Total miscellaneous revenue

108,490
10,000
20,000
138,490

108,490
10,000
20,000
138,490

101,018
24,252
125,270

(7,472)
(10,000)
4,252
(13,220)

5,911,326

5,911,326

5,899,096

(12,230)

Total revenues
Expenditures
General government
Mayor and council
Personnel services
Supplies and services
Other charges
Total mayor and council

$

35,662
3,400
39,202
78,264 $

See Notes to Financial Statements
40

35,662
3,400
39,202
78,264 $

35,454
2,777
26,358
64,589 $

208
623
12,844
13,675

City of Spring Lake Park, Minnesota
General Fund
Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual (Continued)
For the Year Ended December 31, 2025

2025
Actual
Amounts

Budgeted Amounts
Original
Final
Administration
Personnel services
Supplies
Contracted services
Other services and charges
Total administration

553,460 $
8,626
6,825
33,540
602,451

553,460 $
8,626
6,825
33,540
602,451

542,423 $
9,383
7,071
27,840
586,717

-

-

26

(26)

Assessing
Contracted services

40,610

40,610

38,223

2,387

Accounting and auditing
Contracted services

16,400

16,400

21,650

(5,250)

Information technology
Contracted services

89,035

89,035

111,534

(22,499)

Legal
Contracted services

130,000

130,000

139,697

(9,697)

Engineering
Contracted services

5,000

5,000

2,920

2,080

Planning and zoning
Supplies and other charges

2,150

2,150

1,065

1,085

Government buildings
Personnel services
Supplies
Contracted services
Other charges
Total government buildings

28,000
66,850
53,083
147,933

28,000
66,850
53,083
147,933

1,779
26,433
84,279
50,796
163,287

(1,779)
1,567
(17,429)
2,287
(15,354)

Election
Other services and charges

Total general government

$

Variance with
Final BudgetPositive
(Negative)

$ 1,111,843 $ 1,111,843 $ 1,129,708 $

See Notes to Financial Statements
41

11,037
(757)
(246)
5,700
15,734

(17,865)

City of Spring Lake Park, Minnesota
General Fund
Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual (Continued)
For the Year Ended December 31, 2025

Budgeted Amounts
Original
Final
Expenditures
Public safety
Police protection
Personnel services
Supplies
Contracted services
Other charges
Capital outlay
Total police protection

2025
Actual
Amounts

Variance with
Final BudgetPositive
(Negative)

$ 2,288,355 $ 2,288,355 $ 2,079,904 $
48,210
48,210
41,495
91,246
91,246
59,116
135,615
135,615
128,668
57,700
57,700
60,096
2,621,126
2,621,126
2,369,279

208,451
6,715
32,130
6,947
(2,396)
251,847

Fire protection
Contracted services
Capital outlay
Total fire protection

329,270
116,742
446,012

329,270
116,742
446,012

304,740
66,742
371,482

24,530
50,000
74,530

Code enforcement
Personnel services
Supplies
Contracted services
Other charges
Total code enforcement

327,435
8,200
19,100
8,350
363,085

327,435
8,200
19,100
8,350
363,085

229,721
2,601
21,317
6,167
259,806

97,714
5,599
(2,217)
2,183
103,279

Total public safety

3,430,223

3,430,223

3,000,567

429,656

Public works
Street maintenance
Personnel services
Supplies
Contracted services
Other charges
Total street maintenance

290,792
77,000
4,370
4,215
376,377

290,792
77,000
4,370
4,215
376,377

252,959
69,353
3,312
2,016
327,640

37,833
7,647
1,058
2,199
48,737

376,377 $

376,377 $

327,640 $

48,737

Total public works

$

See Notes to Financial Statements
42

City of Spring Lake Park, Minnesota
General Fund
Statement of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual (Continued)
For the Year Ended December 31, 2025

2025
Actual
Amounts

Budgeted Amounts
Original
Final
Expenditures
Recreation and parks
Recreation
Personnel services
Supplies
Contracted services
Other charges
Total recreation
Parks and forestry
Personnel services
Supplies
Contracted services
Other charges
Total parks and forestry

$

457,776
38,435
26,000
5,950
528,161

$

457,776
38,435
26,000
5,950
528,161

$

418,806
17,573
22,104
1,757
460,240

Variance with
Final BudgetPositive
(Negative)

$

38,970
20,862
3,896
4,193
67,921

323,619
74,100
10,800
22,070
430,589

323,619
74,100
10,800
22,070
430,589

353,606
50,252
9,758
23,853
437,469

(29,987)
23,848
1,042
(1,783)
(6,880)

958,750

958,750

897,709

61,041

525
130,954
5,700
137,179

525
130,954
5,700
137,179

536
64,282
4,326
42,341
111,485

(11)
66,672
1,374
(42,341)
25,694

Total expenditures

6,014,372

6,014,372

5,467,109

547,263

Excess (deficiency) of revenues
over (under) expenditures

(103,046)

(103,046)

431,987

535,033

Other financing sources (uses)
Transfers from other funds
Transfers to other funds

207,446
(104,400)

207,446
(104,400)

213,199
(545,420)

5,753
(441,020)

Total other financing sources (uses)

103,046

103,046

(332,221)

(435,267)

-

-

99,766

99,766

Total recreation and parks
Other
Personnel services
Other charges
Permit surcharges
Severance payments
Total other

Net change in fund balance
Fund balance, January 1
Fund balance, December 31

3,283,892

3,283,892

3,283,892

$ 3,283,892

$ 3,283,892

$ 3,383,658

See Notes to Financial Statements
43

$

99,766

City of Spring Lake Park, Minnesota
Proprietary Fund
Statement of Net Position
December 31, 2025

Utility Fund
Assets
Current assets
Cash and investments
Accounts receivable
Lease receivable
Due from other funds

$

Total current assets

466,499
816,710
133,367
4,902
1,421,478

Noncurrent assets
Lease receivable, noncurrent
Property and equipment
Buildings and improvements
Infrastructure
Machinery and equipment

2,068,586
6,452,464
7,581,601
845,078

Less accumulated depreciation

9,622,719

Total noncurrent assets

7,325,010

Reserved assets
Cash and investments

1,767,622

Total assets

10,514,110

Deferred outflows of resources
Deferred outflows from pension activity

33,035

Total assets and deferred
outflows of resources

$

See Notes to Financial Statements
44

10,547,145

City of Spring Lake Park, Minnesota
Proprietary Fund
Statement of Net Position (Continued)
December 31, 2025
Utility Fund
Liabilities
Current liabilities
Accounts payable
Accrued payroll and taxes
Unearned revenue
Other accrued liabilities
Due to other funds
Current portion of compensated absences

$

Total current liabilities

114,865
10,772
3,000
3,079
23,281
12,381
167,378

Long-term liabilities
Compensated absences, net of current portion
Net pension liability

15,143
116,876

Total long-term liabilities

132,019

Total liabilities

299,397

Deferred inflows of resources
Deferred inflows from leasing activity
Deferred inflows from pension activity

2,099,370
90,917

Total deferred inflows of resources

2,190,287

Net position
Net investment in capital assets
Unrestricted

5,256,424
2,801,037

Total net position

8,057,461

Total liabilities, deferred inflows of
resources, and net position

$

See Notes to Financial Statements
45

10,547,145

This Page Left Blank Intentionally

City of Spring Lake Park, Minnesota
Proprietary Fund
Statement of Revenues, Expenses
and Changes in Net Position
For the Year Ended December 31, 2025

Utility Fund
Operating revenue
Charges for services

$ 2,205,742

Operating expenses
Personnel services
Supplies
Contracted services and other
Treatment charges
Depreciation
Other charges
Total operating expenses

430,508
288,168
256,283
723,883
411,730
79,225
2,189,797

Operating income

15,945

Other revenue (expense)
Lease revenue
Commissions and other revenue
Investment earnings
Total other revenue (expense)

218,601
116,367
68,193
403,161

Income before transfers

419,106

Net transfers (to) other funds

(265,497)

Change in net position

153,609

Net position, beginning of year

7,903,852

Net position, end of year

$ 8,057,461

See Notes to Financial Statements
47

City of Spring Lake Park, Minnesota
Proprietary Fund
Statement of Cash Flows
For the Year Ended December 31, 2025

Utility Fund
Cash flows from operating activities
Cash received from customers
Cash paid to suppliers
Cash paid to employees

$

Net cash provided by operating activities

2,486,711
(1,264,276)
(426,130)
796,305

Cash flows from investing activities
Investment earnings

68,193

Cash flows from noncapital financing activities
Net transfers to other funds

(265,497)

Net increase in cash and cash equivalents

599,001

Cash and cash equivalents, January 1

1,635,120

Cash and cash equivalents, December 31
Classified as:
Cash and investments - current assets
Cash and investments - reserved assets
Total cash and cash equivalents, December 31

See Notes to Financial Statements
48

$

2,234,121

$

466,499
1,767,622
2,234,121

$

City of Spring Lake Park, Minnesota
Proprietary Fund
Statement of Cash Flows (Continued)
For the Year Ended December 31, 2025

Reconciliation of operating income (loss) to net cash
provided by operating activities
Operating income
Adjustments to reconcile operating income to
net cash provided by operating activities
Depreciation
Change in net pension liability
Change in lease receivable and deferred inflows
Lease and other revenues
(Increase) decrease in:
Accounts receivable
Due from other funds
Increase (decrease) in:
Accounts payable
Accrued payroll and taxes
Due to other funds
Estimated liability for compensated absences
Net cash provided by operating activities

See Notes to Financial Statements
49

$

15,945

411,730
(350)
(24,199)
334,968
(39,323)
(1)

$

83,283
3,095
9,524
1,633
796,305

This Page Left Blank Intentionally

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025

This Page Left Blank Intentionally

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Note 1 – Summary of significant accounting policies
The financial statements of the City of Spring Lake Park, Minnesota (the City) have been prepared
in conformity with generally accepted accounting principles (GAAP) as applied to governmental
units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting
body for establishing governmental accounting and financial reporting principles. The more
significant of the City's accounting principles are described below.
Reporting entity
The City operates according to applicable laws and statutes under the council-administrator plan
(Statutory Plan A) as defined by Minnesota statutes. A Council composed of an elected mayor
and four other elected members directs the government of the City. The Council exercises
legislative authority and determines all matters of policy and is responsible for directing the
activities of the City. The Council appoints the City Administrator and other personnel who are
responsible for the proper administration of all affairs relating to the City.
As required by generally accepted accounting principles, the financial statements of the reporting
entity include those of the City of Spring Lake Park (the primary government) and its component
unit. A component unit is a legally separate entity for which the primary government is financially
accountable, or for which the exclusion of the component unit would render the financial
statements of the primary government misleading. The criteria used to determine if the primary
government is financially accountable for a component unit include whether or not the primary
government appoints the potential component unit's board, is able to impose its will on the
potential unit, is in a relationship of financial benefit or burden with the potential component unit, or
is fiscally depended upon by the potential component unit. The component unit described below is
included in the City's reporting entity because of the significance of its operational or financial
relationship with the City.

53

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Related organizations
Spring Lake Park - Blaine - Mounds View Fire Department
The City has joined with the cities of Blaine and Mounds View to cooperatively provide fire
protection services to their residents. This is provided by the Spring Lake Park - Blaine - Mounds
View Fire Department (the Fire Department), a private nonprofit Internal Revenue Code Section
501(c)(3) organization. The service territory is generally comprised of the cities of Spring Lake
Park, Blaine and Mounds View.
The three cities agreed upon several significant provisions in their agreement dated December 11,
1990:
1. The Fire Department is governed by its own Board of Directors. Directors are appointed by
each city and from the Fire Department.
2. Operation, maintenance and debt service costs are shared based upon a formula. One half
of the formula is the relative assessed value of each city. The other half is the three-year
average of fire calls within each city. The City's share of the formula was 8.50% in 2025.
3. The city of Blaine issued $8,050,000 G.O. Capital Improvement Bonds, Series 2005A, on
December 1, 2005 to construct a new fire station and training facility and acquire two
additional fire trucks. The City of Spring Lake Park has recorded its share of the debt
related to this bond issuance. These bonds were refunded in 2016 (see 4. below).
4. In 2013, the city of Blaine issued crossover refunding bonds to refund (in 2016) the 2005A
G.O. Capital Improvement Bonds. The City of Spring Lake Park has recorded its share of
the debt related to this bond issuance.
5. Each city has a non-measurable equity interest in the property that is held by the fire
department.
The City's share of operating costs were $304,740 and capital costs were $66,742 during 2025.
The operating and capital costs were recorded as expenditures in the General Fund. The debt
service costs were recorded as expenditures in the 2013A G.O. Capital Improvement Fire Bond,
2017A G.O. Equipment Certificates and 2018A Blaine Fire debt service funds.
Because the City is not financially accountable for the Fire Department (the Fire Department is
able to fund itself independently of the City) it is excluded from the reporting entity of the City.
A related entity, the Spring Lake Park Firemen's Relief Association (the Association), is a nonprofit
organization organized to provide pension and other benefits to its members in accordance with
Minnesota statutes. Because the City is not financially accountable for the Association (the
Association is able to fund itself independently of the City) it is also excluded from the reporting
entity of the City. The Fire Department and the Association issue financial reports which are
available at City offices or at the Fire Department, 1710 Highway 10, Spring Lake Park,
Minnesota, 55432.

54

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
North Metro Telecommunications Commission
In 2016, the City joined with the cities of Blaine, Centerville, Circle Pines, Ham Lake, Lexington
and Lino Lakes to cooperatively purchase telecommunications equipment to provide cable
communication services to their residents.
Government-wide and fund financial statements
The government-wide financial statements (i.e., the statement of net position and the statement
of activities) report information on all of the activities of the City. For the most part, the effect of
interfund activity has been removed from these statements. Governmental activities, which
normally are supported by taxes and intergovernmental revenues, are reported separately from
business-type activities, which rely to a significant extent on fees and charges for support.
The statement of activities demonstrates the degree to which the direct expenses of a given
function or segment is offset by program revenues. Direct expenses are those that are clearly
identifiable with a specific function or segment. Program revenues include 1) charges to
customers or applicants who purchase, use, or directly benefit from goods, services, or
privileges provided by a given function or segment and 2) grants and contributions that are
restricted to meeting the operational or capital requirements of a particular function or segment.
Taxes and other items not properly included among program revenues are reported instead as
general revenues.
Separate financial statements are provided for governmental funds and proprietary funds. Major
individual governmental funds and major individual enterprise funds are reported as separate
columns in the fund financial statements.
Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources
measurement focus and the accrual basis of accounting, as are the proprietary fund financial
statements. Revenues are recorded when earned and expenses are recorded when a liability is
incurred, regardless of the timing of related cash flows. Property taxes are recognized as
revenues in the year for which they are levied. Grants and similar items are recognized as
revenue as soon as all eligibility requirements imposed by the provider have been met.

55

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Governmental fund financial statements are reported using the current financial resources
measurement focus and the modified accrual basis of accounting. Revenues are recognized as
soon as they are both measurable and available. Revenues are considered to be available
when they are collectible within the current period or soon enough thereafter to pay liabilities of
the current period. For this purpose, the City considers revenues to be available if they are
collected within 60 days of the end of the current fiscal period. Expenditures generally are
recorded when a liability is incurred, as under accrual accounting. However, debt service
expenditures, as well as expenditures related to compensated absences and claims and
judgments, are recorded when payment is due. General capital asset acquisitions are reported
as expenditures in governmental funds.
Property taxes, licenses and permits, and interest associated with the current fiscal period are
all considered to be susceptible to accrual and so have been recognized as revenues of the
current fiscal period. Only the portion of special assessments receivable due within the current
fiscal period is considered to be susceptible to accrual as revenue of the current period. All
other revenue items are considered to be measurable and available only when cash is received
by the City.
Revenue resulting from exchange transactions, in which each party gives and receives
essentially equal value, is recorded on the accrual basis when the exchange takes place. On a
modified accrual basis, revenue is recorded in the year in which the resources are measurable
and become available.
Non-exchange transactions, in which the City receives value without directly giving equal value
in return, include property taxes, grants and donations. On an accrual basis, revenue from
property taxes is recognized in the year for which the tax is levied. Revenue from grants and
donations is recognized in the year in which all eligibility requirements have been satisfied.
Eligibility requirements include timing requirements, which specify the year in which the
resources are required to be used or the year when use is first permitted; matching
requirements, in which the City must provide local resources to be used for a specific purpose;
and expenditure requirements, in which the resources are provided to the City on a
reimbursement basis. On a modified accrual basis, revenue from non-exchange transactions
must also be available before it is recognized.
Unearned revenue is recorded when assets are recognized before revenue recognition criteria
have been satisfied. Grants received before eligibility requirements other than time
requirements are met are recorded as unearned revenue. Grants received before time
requirements are met are recorded as a deferred inflow of resources.

56

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
The City reports the following major governmental funds:
The general fund is the government’s primary operating fund. It accounts for all financial
resources of the City, except those required to be accounted for in another fund.
The HRA reserve fund is an accumulation of resources and costs associated with housing and
redevelopment throughout the City.
The revolving fund was created to finance improvement projects. The fund is financed with the
remaining funds left in capital project funds once the project is considered completed and
special assessments.
The renewal and replacement fund was created to finance capital improvement projects in the
City. The fund was initially financed with the remaining funds left in the liquor fund upon closing
of the fund.
The City reports the following major proprietary fund:
The utility fund accounts for the operation of the City owned utility (water and sewer) system.
As a general rule the effect of interfund activity has been eliminated from the government-wide
financial statements. Exceptions to this general rule are payments-in-lieu of taxes and other
charges between the City's enterprise funds and various other functions of the City. Elimination
of these charges would distort the direct costs and program revenues reported for the various
functions concerned.
Amounts reported as program revenues include 1) charges to customers or applicants for
goods, services, or privileges provided, 2) operating grants and contributions, and 3) capital
grants and contributions, including special assessments. Internally dedicated resources are
reported as general revenues rather than as program revenues. Likewise, general revenues
include all taxes.
Proprietary funds distinguish operating revenues and expenses from nonoperating items.
Operating revenues and expenses generally result from providing services and producing and
delivering goods in connection with a proprietary fund's principal ongoing operations. The
principal operating revenues of the City's enterprise funds are charges to customers for sales and
services. Operating expenses for enterprise funds include the cost of sales and services,
administrative expenses, and depreciation of capital assets. All revenues and expenses not
meeting this definition are reported as nonoperating revenues and expenses.

57

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
When both restricted and unrestricted resources are available for use, it is the City's policy to
use restricted resources first, then unrestricted resources as they are needed.
Cash and investments
Cash balances from all City funds, except certain designated funds, are pooled and invested to
the extent available in various securities as authorized by Minnesota statutes. Earnings from the
pooled investments are allocated to the respective funds on the basis of the average cash
balance participation of each fund throughout the year.
Investments are stated at fair value, based upon quoted market prices at the reporting date. Cash
and cash equivalents for purposes of the basic financial statements includes amounts in demand
deposits as well as all investments held by the City.
Receivables and payables
Activity between funds that are representative of lending/borrowing arrangements outstanding at
the end of the fiscal year are referred to as either "due to/from other funds" (i.e., the current
portion of interfund loans) or "advances to/from other funds" (i.e., the non-current portion of
interfund loans). All other outstanding balances between funds are reported as "due to/from other
funds." Any residual balances outstanding between the governmental activities and business-type
activities are reported in the government-wide financial statements as "internal balances."
Advances between funds, if any, are offset by a nonspendable fund balance account in applicable
governmental funds to indicate that they are not available for appropriation and are not
expendable available financial resources.
Property tax levies are set by the City Council in December of each year and are certified to the
County for collection in the following year. In Minnesota, counties act as collection agents for all
property taxes. The County spreads all levies over taxable property. Such taxes become a lien on
January 1, of the following year, and are recorded as receivables by the City at that date.
Revenues from property taxes are accrued and recognized in the year collectible, net of
delinquencies.
Real property taxes may be paid by taxpayers in two equal installments on May 15 and October
15. Personal property taxes may be paid on February 28 and June 30. The County provides tax
settlements to cities and other taxing districts normally during the months of January, July and
December.
Taxes which remain unpaid at December 31 are classified as delinquent taxes receivable. The net
amount of delinquent taxes receivable are fully offset by deferred inflow of resources in the
governmental funds of the fund financial statements because they are not known to be available
to finance current expenditures.

58

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Assessments are levied at various times upon City Council resolution for property owner
improvements made by the City. Assessment collections are typically deferred over ten-year
periods, with interest rates ranging between 1.5% to 2.0% above the prevailing 10-year municipal
bond yield at the time of assessment. Revenue from these assessments is recognized when
assessed in the government-wide financial statements and as the annual installments become
collectible in the governmental funds of the fund financial statements. Annual installments not
collected as of each December 31 are classified as delinquent assessments receivable. The net
amount of delinquent assessments receivable are fully offset by deferred inflow of resources in
the governmental funds of the fund financial statements because they are not known to be
available to finance current expenditures.
Tax increment district
Tax increment revenues received are recorded in the Debt Service Fund to service note principal
and interest payments.
Capital assets
Capital assets, which include property, plant, equipment, and infrastructure assets (e.g., roads,
bridges, sidewalks, and similar items), are reported in the applicable governmental or businesstype activities columns in the government-wide financial statements. Capital assets are defined by
the government as assets with an initial, individual cost of more than $3,000 and an estimated
useful life greater than one year. Such assets are recorded at historical cost or estimated historical
cost if purchased or constructed. Donated capital assets are recorded at estimated acquisition
value at the date of donation. The costs of normal maintenance and repairs that do not add to the
value of the asset or materially extend assets lives are not capitalized.
Major outlays for capital assets and improvements are capitalized as projects are constructed.
Interest incurred during the construction phase of capital assets is expensed as incurred.
Property, plant and equipment are capitalized when acquired, and depreciation is provided using
the straight-line method applied over the following estimated useful lives of the assets.

Land Improvements
Buildings and Improvements
Infrastructure
Distribution and Collection System
Furniture, Fixtures and Equipment

Useful Life
in Years
10 - 20
15 - 40
25 - 35
15 - 80
3 - 10

The City reviews its property, plant and equipment for impairment whenever events indicate the
decline in service utility of the capital asset is significant in magnitude and the event of change in
circumstances is outside the normal cycle of the capital assets.

59

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Compensated absences benefits
The City's policy is to permit employees to accumulate unused vacation and compensatory time
benefits. City employees are entitled to vacation pay based upon length of employment. In
addition, the City has established a severance pay policy for nonunion employees. This policy
provides for severance payments upon termination of employment based on accumulated
personal leave accrued, subject to certain conditions and specified maximums. Severance pay
policy for union employees is governed by individual union contracts.
Vested benefits for City employees attributable to governmental funds are recorded as
expenditures in these funds as benefits are paid to employees. The City recognizes a liability for
employee’s compensated absences if the leave is attributable to services already rendered, if the
leave accumulates, and if it is more likely than not to be used for time off or otherwise paid in cash
or settled through noncash means. The liability and corresponding expense is recorded in the
government-wide financials statements as these benefits accrue. The liability and corresponding
expense associated with proprietary funds is recorded in the applicable proprietary fund as
benefits accrue.
Long-term obligations
In the government-wide financial statements and proprietary fund types in the fund financial
statements, long-term debt and other long-term obligations are reported as liabilities in the
applicable governmental activities, business-type activities or proprietary fund type statements of
net position.
Bond premiums and discounts are deferred and amortized over the life of the bonds using the
effective interest method. Bond issuance costs are expensed as incurred. Bonds payable are
reported net of the applicable bond premium or discount.
In the fund financial statements, governmental fund types recognize bond premiums and
discounts, as well as bond issuance costs, during the current period. The face amount of debt
issued is reported as other financing sources. Premiums received on debt issuances are reported
as other financing sources while discounts on debt issuances are reported as other financing
uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are
reported as debt service expenditures.
Pensions
For purposes of measuring the net pension liability, deferred outflows/inflows of resources, and
pension expense, information about the fiduciary net position of the Public Employees
Retirement Association (PERA) and additions to/deductions from PERA’s fiduciary net position
have been determined on the same basis as they are reported by PERA. For this purpose, plan
contributions are recognized as of employer payroll paid dates and benefit payments and
refunds are recognized when due and payable in accordance with the benefit terms.
Investments are reported at fair value.

60

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Deferred outflows of resources
In addition to assets, the financial statements will sometimes report a separate section for
deferred outflows of resources. This separate financial statement element, deferred outflow of
resources, represents a consumption of net position that applies to a future period(s) and so will
not be recognized as an outflow of resources (expense/ expenditure) until that time. The City has
one type of deferred outflow which is pension related and reported on the statement of net
position.
Deferred inflows of resources
In addition to liabilities, the financial statements will sometimes report a separate section for
deferred inflows of resources. This separate financial statement element, deferred inflow of
resources, represents an acquisition of net position that applies to a future period(s) and so will
not be recognized as an inflow of resources (revenue) until that time. The City recognized three
types of deferred inflows. The first type occurs because governmental fund revenues are not
recognized until available under the modified accrual basis of accounting. The second type is
pension related and reported on the statement of net position. The third type is related to leasing
activity and is also reported on the statement of net position.
Net position and fund balance
In the government-wide and proprietary fund financial statements, net position is classified in the
following categories:
Net Investment in Capital Assets – This amount consists of capital assets net of accumulated
depreciation and reduced by outstanding debt attributed to the acquisition, construction, or
improvement of the assets.
Restricted Net Position – This amount is restricted by external creditors, grantors, contributors,
laws or regulations of other governments.
Unrestricted Net Position – This amount is all net position that does not meet the definition of
“net investment in capital assets” or “restricted net position.”
In accordance with GASB Statement No. 54, Fund Balance Reporting and Governmental Fund
Type Definitions, the City classifies governmental fund balances as follows:
Non-spendable – includes fund balance amounts that cannot be spent either because it is not in
spendable form or because of legal or contractual restraints.
Restricted – amounts are restricted by external creditors, grantors, contributors, laws or
regulations of other governments.

61

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Committed – includes fund balance amounts that are committed by resolution, which is the
City's highest level of decision-making authority, for specific purposes that are internally
imposed by the City Council through formal action and remain binding unless removed by the
City Council by subsequent formal action (resolution).
Assigned – includes fund balance amounts that are intended to be used for specific purposes
that are neither considered restricted or committed. The City Council, by majority vote, may
assign fund balances to be used for specific purposes when appropriate. The Council has the
power to assign fund balances or to designate an official who may assign fund balances. The
City Administrator has been designated by the Council to assign fund balances.
Unassigned – includes positive fund balances within the General Fund which have not been
classified within the above-mentioned categories and negative fund balances in other
governmental funds.
The City considers restricted/committed amounts to be spent first when both restricted and
unrestricted fund balance is available unless there are legal documents/contracts that prohibit
doing this, such as a grant agreement requiring dollar for dollar spending. Additionally, the City
would first use committed, then assigned and lastly unassigned amounts when expenditures are
made.
Leases
For leases with term exceeding 12 months, the City recognizes a lease liability and a right to use
lease asset in the government-wide financial statements.
The right to use lease asset is calculated at the initial amount of the lease liability, plus any lease
payments made to the lessor before the lease commencement date, plus certain initial direct
costs incurred, minus any lease incentives received. Subsequently, the right to use lease asset is
amortized on a straight-line basis over its useful life. The City initially measures the lease liability
at the present value of payments expected to be made during the lease term. Subsequently, the
lease liability is reduced by the principal portion of the lease payments made. Remeasurement of
the right to use lease asset and lease liability occurs when certain changes occur that are likely to
have a significant impact on the lease liability.
Right to use lease assets are reported with capital assets and lease liabilities are reported with
long-term debt on the statement of net position.
The City leases cell tower space, a building and parking lot to external parties. Lease receivables
and deferred inflows of resources are recorded based on the present value of expected receipts
over the term of the respective leases. The expected payments and receipts are discounted using
the interest rate charged on the lease, if available, and are otherwise discounted using the riskfree rate. Variable payments are excluded from the valuations unless they are fixed in substance.
For leases featuring payments tied to an index or market rate, the valuation is based on the initial
index or market rate. The City does not have any leases subject to a residual value guarantee.

62

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Concentrations of credit risk
Financial instruments which expose the City to a concentration of credit risk consist primarily of
cash, investments and accounts and loans receivable. Credit risk associated with cash and
investments is discussed in Note 3. The City's accounts and loans receivable are concentrated
geographically, and for the most part, amounts are due from individuals residing in and
businesses located in the City of Spring Lake Park.
Use of estimates
The preparation of financial statements in accordance with accounting principles generally
accepted in the United States of America (GAAP) requires management to make estimates that
affect amounts reported in the financial statements during the reporting period. Actual results
could differ from such estimates.
Conduit debt obligations
The City issued lease revenue bonds during 2017 to provide funding to a private sector entity for a
project deemed to be in the public interest. The City issued bonds during 2019 to provide funding
to another private sector entity for a project deemed to be in public interest. Although these bonds
bear the name of the City, the City has no obligation for such debt. Accordingly, the bonds are not
reported as liabilities in the financial statements of the City. As of December 31, 2025, the
outstanding principal amount of these bonds was $40,531,996.
Subsequent events
In preparing these financial statements, the City has evaluated events and transactions for
potential recognition or disclosure through September 8, 2026, the date the financial statements
were available to be issued.
Note 2 – Stewardship, compliance and accountability
Budgetary information
Annual budgets are adopted on a basis consistent with accounting principles generally accepted
in the United States of America. Annual appropriated budgets are legally adopted by Council
resolution for the General Fund. An annual budget is not adopted for the HRA Reserve special
revenue fund, which adopts a project length budget. Formal budgetary integration is employed as
a management control device during the year for the General Fund.

63

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
The City follows these legal compliance procedures in establishing the budgetary data reflected in
the financial statements.
1.

Budget requests are submitted by all department heads to the City Administrator. The
Administrator's office compiles the budget requests into an overall preliminary City
budget, balancing budget requests with available revenue.

2.

The preliminary budget is submitted to the City Council in August for its review and/or
modification.

3.

City administration presents the proposed budget to the City Council which in turn
holds a truth-in-taxation public hearing on the proposed budget. The budget resolution
adopted by the City Council sets forth the budget at the department level for the
General Fund.

4.

All budgeted appropriations lapse at the end of the fiscal year. The legal level of
control (the level on which expenditures may not legally exceed appropriations) for
each budget is at the department level. Administration cannot legally amend or
transfer appropriations between departments without the approval of the City Council
once the budget has been approved. Any over expenditures of appropriations or
transfers of appropriated amounts must be approved by the City Council.

5.

Budgeted amounts are as originally adopted, or as amended by the City Council. The
budget cannot be amended without approval by the City Council.

All budget amounts presented in the accompanying financial statements reflect the original
budget and the final budget (which were the same for the year ended December 31, 2025).
The City does not use encumbrance accounting.
Expenditures exceeding appropriations
For the year ended December 31, 2025, the following General Fund departments had
expenditures exceeding the latest amended budget:
2025 Budgeted
Expenditures
General Government

$

2025 Actual
Expenditures

1,111,843

$

1,129,708

The above listed over expenditures were approved by the City Council.

64

Amount Exceeding
Budgeted Amount
$

17,865

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Note 3 – Deposits and investments
In accordance with applicable Minnesota statutes, the City maintains deposits at depository
banks authorized by the City Council. All such depositories are members of the Federal
Reserve System.
Minnesota Statutes require that all deposits be protected by insurance, surety bond or collateral.
The market value of collateral pledged must equal 110% of the deposits not covered by
insurance or surety bonds. Authorized collateral includes certain state or local government
obligations and legal investments described in the investment policy section. Minnesota
Statutes require that securities pledged as collateral be held in safekeeping by the City
Treasurer or in a financial institution other than the institution furnishing the collateral.
The City's deposits were entirely covered by federal depository insurance at December 31,
2025.
Investment policy
The City maintains a formal investment policy that limits its investment choices as a means of
managing its exposure to credit risk. The City's investment policy does not address, however,
limits on investment maturities as a means of managing its exposure to fair value losses arising
from increasing interest rates.
The City is authorized by Minnesota Statutes to invest idle funds as follows:
(a)
(b)
(c)
(d)
(e)
(f)

(g)
(h)

Direct obligations or obligations guaranteed by the United States or its agencies.
Shares of investment companies registered under the Federal Investment
Company Act of 1940 and whose only investments are in securities described in
(a) above.
General obligations of the State of Minnesota or its municipalities.
Bankers acceptances of United States banks eligible for purchase by the Federal
Reserve System.
Commercial paper issued by United States corporations or their Canadian
subsidiaries, of the highest quality, and maturing in 270 days or less.
Repurchase agreements with banks that are members of the Federal Reserve
System with capitalization exceeding $10,000,000, a reporting dealer to the
Federal Reserve Bank of New York, or certain Minnesota securities brokerdealers.
Money market funds with institutions that have portfolios consisting exclusively of
United States Treasury obligations and Federal Agency issues.
Guaranteed investment contracts (gic's) issued or guaranteed by United States
commercial banks or domestic branches of foreign banks or United States
insurance companies and with a credit quality in one of the top two highest
categories.

65

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Fair value measurements
Fair value measurements are determined utilizing the framework established by the
Governmental Accounting Standards Board. The framework provides a fair value hierarchy that
prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the
highest priority to unadjusted quoted prices in active markets for identical assets or liabilities
(Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).
The three levels of the fair value hierarchy are as follows:
Level 1: Inputs to the valuation methodology are unadjusted quoted prices for identical
assets or liabilities in active markets that the City has the ability to access.
Level 2: Observable market-based inputs or unobservable inputs that are
corroborated by market data. Inputs to the valuation methodology include:

Quoted prices for similar assets or liabilities in active markets

Quoted prices for identical assets or liabilities in inactive markets

Inputs other than quoted prices that are observable for the asset or liability

Inputs that are derived principally from or corroborated by observable market
data by correlation or other means
If the asset or liability has a specific (contractual) term, Level 2 input must be
observable for substantially the full term of the asset or liability
Level 3: Inputs to the valuation methodology are unobservable and significant to the
fair value measurement.
The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on
the lowest level of any input that is significant to the fair value measurement. Valuation techniques
used need to maximize the use of observable inputs and minimize the use of unobservable
inputs.
The City’s investments within the fair value hierarchy at December 31, 2025 were as follows:
Assets
Measured at Fair
Value
Certificates of Deposit
U.S. Government Securities
Total

Fair Value Hierarchy Level
Level 1
Level 2
Level 3

$

7,166,012
1,742,980

$ 7,166,012
-

$

1,742,980

$

-

$

8,908,992

$ 7,166,012

$ 1,742,980

$

-

66

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Interest rate risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value
of an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of
its fair value to changes in market interest rates. One of the ways that the City manages its
exposure to interest rate risk is by purchasing a combination of shorter and longer-term
investments and by timing cash flows from maturities so that a portion of the portfolio is maturing
or coming close to maturity evenly over time as necessary to provide the cash flow and liquidity
needs for operation.
The following is a summary of the City of Spring Lake Park's cash and investment portfolio
including the range of maturities and investment ratings by type of investment:

Investment
Cash
Certificates of Deposit
U.S. Government Securities

Range of Maturities
N/A
3/26 - 9/32
8/26 - 5/30

Total cash and investments

Rating
N/A
N/A
AA1

Value
$ 4,421,088
7,166,012
1,742,980
$ 13,330,080

N/A Not applicable or not available
The City maintains cash in the 4M Fund which is regulated by Minnesota Statutes and the Board
of Directors of the League of Minnesota Cities and is an external investment pool not registered
with the Securities and Exchange Commission (SEC) that follows guidance under GASB
Statement No. 79. The City’s investment in the 4M Fund is measured at an amortized cost
method that approximates fair value. Investments in the 4M Fund must be deposited for a
minimum of 14 calendar days. Withdrawals prior to the 14-day restriction period will be subject to
penalty equal to seven days interest on the amount withdrawn.
Credit risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the
holder of the investment. The City's investments are rated by various credit rating agencies, where
applicable, to indicate the associated credit risk. Investment ratings by investment type (as
applicable) are included in the preceding summary of investments.
The City does not have a formal policy related to the credit risk of its investments, but continues to
buy safe and liquid assets that are allowable under Minnesota Statutes.

67

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Concentration of credit risk
The City diversifies its investment portfolio to eliminate the risk of loss resulting from overconcentration of assets in a specific maturity, a specific issuer or a specific class of securities. The
City's investment policies do not limit the concentration of investments. Investments in any one
issuer that represented 5% or more of total investments as of December 31, 2025 were as
follows:

Issuer
4M Fund

Investment Type
Money Market Accounts

Value
$ 4,257,389

Custodial Credit Risk
For an investment, custodial credit risk is the risk that, in the event of the failure of the counter
party, the City will not be able to recover the value of its investment securities that are in the
possession of an outside party. At December 31, 2025, all investments were insured or registered
or the securities were held by the City or its agent in the City's name.
Note 4 – Due from other governmental units
Amounts due from other governmental units as of December 31, 2025 were as follows:

Fund Type
General Fund
Capital Projects
Debt Service
Utility Fund

Anoka County
$
66,114
2,786
6,818
792
$
76,510

68

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Note 5 – Capital assets
Capital asset activity for the City for the year ended December 31, 2025 was as follows:

Governm ental Activities

Ending

Beginning Balance,
as restated

Increases

Decreases

Balance

Capital assets, not being depreciated:
Land

$

Construction in progress

305,000

$

7,614,721

Total capital assets, not being depreciated

1,780,300

$

-

-

$

2,085,300

7,614,721

-

7,614,721

2,085,300

7,919,721

1,780,300

Buildings and improvements

3,398,436

7,015,294

-

10,413,730

Machinery and equipment

4,464,366

894,078

167,598

5,190,846

Infrastructure

21,223,785

1,445,556

-

22,669,341

29,086,587

9,354,928

167,598

38,273,917

Buildings and improvements

2,598,121

201,929

-

2,800,050

Machinery and equipment

3,310,356

400,221

132,520

3,578,057

Infrastructure

14,340,456

611,258

-

14,951,714

Total accumulated depreciation

20,248,933

1,213,408

132,520

21,329,821

Total capital assets, being depreciated, net

8,837,654

8,141,520

35,078

16,944,096

Capital assets, being depreciated:

Total capital assets, being depreciated
Less accumulated depreciation for:

Governmental activities capital assets, net

$

16,757,375

69

$

9,921,820

$

7,649,799

$

19,029,396

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025

Beginning

Ending

Balance

Business-Type Activities

Increases

Decreases

Balance

Capital assets, not being depreciated:
Construction in progress

$

-

Total capital assets, not being depreciated

$

-

-

$

-

-

-

$

-

Capital assets, being depreciated:
Buildings and improvements

6,452,464

-

-

6,452,464

Machinery and equipment

845,078

-

-

845,078

7,581,601

-

-

7,581,601

14,879,143

-

-

14,879,143

Buildings and improvements

5,243,530

100,494

-

5,344,024

Machinery and equipment

638,776

18,971

-

657,747

3,328,683

292,265

-

3,620,948

Total accumulated depreciation

9,210,989

411,730

-

9,622,719

Total capital assets, being depreciated, net

5,668,154

(411,730)

-

5,256,424

Infrastructure
Total capital assets, being depreciated
Less accumulated depreciation for:

Infrastructure

Business-type activities capital assets, net

$

5,668,154

$

(411,730)

$

-

$

5,256,424

Depreciation expense for the year ended December 31, 2025 was charged to functions/programs
as follows:
Governmental activities
General government
Public safety
Public works
Recreation and parks
Total

$ 263,311
62,949
742,978
144,170
$ 1,213,408

Business-type activities
Utility

$ 411,730

70

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Note 6 – Long-term debt
The City issues general obligation bonds and equipment certificates to provide funds for
economic development and for the acquisition and construction of major capital assets including
infrastructure. General obligation bonds have been issued for both general government and
proprietary activities. Bonds issued to provide funds for business-type activities are reported in
proprietary funds if they are expected to be repaid from proprietary revenues.
General obligation bonds and certificates are direct obligations and pledge the full faith and
credit of the City. General obligation improvement and refunding bonds are expected to be
repaid, in part, from assessments to the benefited properties.
A summary of long-term debt outstanding at December 31, 2025 is as follows:

General obligation bonds:
2024A Capital Improvement Plan Bonds
Other Liabilities:
Net unamortized premium on bonds
Compensated Absences

Issue Date

Range of
Interest Rates

Final
Maturity

Balance
12/31/25

4/2/2024

4.00%-5.00%

2045

$ 7,410,000
477,642
325,543

Total Long-Term Debt

$ 8,213,185

The City is subject to statutory limitation by the State of Minnesota for bonded indebtedness
payable principally from property taxes. As of December 31, 2025, the City had not utilized
approximately $20,180,000 of its net legal debt margin.

71

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
The following is a summary of the changes in long-term debt obligations for the year ended
December 31, 2025:
Beginning
Balance

Additions

Amounts
Due Within
One Year

Ending
Balance

Reductions

GOVERNMENTAL ACTIVITIES
Bonds and Notes Payable:
General obligation bonds:
2013A Capital Improvement Bonds
2021A Capital Improvement Bonds
2024A Capital Improvement Plan Bonds

$

54,051

$

-

$

54,051

275,000

-

275,000

7,650,000

-

240,000

$

-

$

-

-

7,410,000

-

Other Liabilities:
220,910

77,109

-

298,019

39,441

Unamortized premium

Compensated Absences

581,046

-

29,674

551,372

-

Less: unamortized (discount)

(79,288)

-

(5,558)

(73,730)

-

8,701,719

77,109

593,167

8,185,661

39,441

25,891

1,633

-

27,524

12,381

25,891

1,633

-

27,524

12,381

Governmental Activities
Long-Term Liabilities
BUSINESS-TYPE ACTIVITIES
Other Liabilities:
Compensated Absences
Business-Type Activities
Long-Term Liabilities
Total

$ 8,727,610

$

78,742

$

593,167

$ 8,213,185

$

51,822

Compensated absences are presented as the net change of increases and decreases to arrive
at the presentation of the ending balance.

72

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Debt service requirements to maturity for long-term debt, excluding compensated absences, as
of December 31, 2025 were as follows:

Year
2026
2027
2028
2029
2030
2031-2035
2036-2040
2041-2045
Totals

General Obligation
Improvement and Refunding
Bonds
Principal
Interest
$
$ 161,975
250,000
317,700
260,000
304,950
275,000
291,575
290,000
277,450
1,680,000
1,149,000
2,105,000
726,900
2,550,000
263,000
$ 7,410,000

$ 3,492,550

Note 7 – Tax increment district
The City of Spring Lake Park enters into property tax abatement agreements through the use of
tax increment financing districts with local businesses under various Minnesota Statutes. Under
these statutes, the City annually abates taxes collected above the districts’ base tax capacity
which is established during adoption of the tax increment district. These agreements are
established to foster economic development and redevelopment through creating jobs,
removing blight and providing affordable housing. The City uses Minnesota Statutes 469.001 to
469.047 and 469.174 to 469.179 (The Tax Increment Act) to create these districts.
The City of Spring Lake Park is the administering authority for the City of Spring Lake Park Tax
Increment Financing District, No. 6-1. The district is housing development type and authorized
under Minnesota law chapter 469.174 to 469.179 (The Tax Increment Act). District No. 6-1 was
certified in 2017 and will continue until December 31, 2040.
Information regarding District No. 6-1 as of December 31, 2025 is as follows:

Original net tax capacity

$

2,263

Current net tax capacity

100,594

Capture net tax capacity:
Retained by authority

98,331

73

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Note 8 – Interfund receivables and payables
The following schedule reports the interfund receivables and payables within the City's funds as of
December 31, 2025:

Due From
Other Funds
Major Governmental Funds:
General fund
Revolving fund
Subtotal
Non-Major Governmental Funds:
Special Revenue
Recycling
Street lighting
Cable
Developer's escrow
Subtotal

$

Total Governmental Funds
Proprietary Funds:
Utility
Subtotal
Total All Funds

$

Due To
Other Funds

452,967 $
13,613
466,580

167,504
251,015
418,519

86
237
360
683

13,187
17,178
30,365

467,263

448,884

4,902
4,902

23,281
23,281

472,165 $

472,165

Interfund receivables and payables are the result of expenditures of funds prior to the collection of
special assessments, property taxes and other revenues. All interfund balances will be repaid as
the revenues are collected by the individual funds or by transfers from other funds.

74

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Note 9 – Interfund transfers
Transfers are used to 1) move revenues from the fund with collection authorization to the debt
service fund as debt service principal and interest payments become due; or 2) move unrestricted
general fund revenues to finance various programs that the government must account for in other
funds in accordance with budgetary authorizations. Interfund transfers during the year ended
December 31, 2025 were as follows:
Transfers In
Major Governmental Funds:
General fund
Revolving fund
Subtotal
Non-Major Governmental Funds:
Special Revenue
Emergency management
Forestry
Animal control
Recreation fund
Recycling fund
Public safety aid
Debt Service
2013A G.O. capital improvement fire bonds
2018A Blaine fire debt service
2021A G.O. improvement refunding bonds
2024A G.O. improvement refunding bonds
Tax increment financing - Legends of SLP
2017A G.O. equipment certificates
2016A North Metro Telecommunications
Capital Projects
Building maintenance
Park equipment and improvement
Street sealcoating
Public safety replacement
Equipment fund
State aid street fund
City hall renovation
Subtotal

$

Total Governmental Funds
Proprietary Funds:
Utility
Total All Funds

$

75

Transfers Out

213,199 $
75,000
288,199

545,420
545,420

2,000
50,000
1,000
-

62,500
7,500
20,000

50,000
27,462
91,836
590,689
-

77,590
3,000
17,737
337

15,420
100,000
50,000
12,000
25,000
1,015,407

25,000
279,025
492,689

1,303,606

1,038,109

-

265,497

1,303,606 $

1,303,606

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Note 10 – Fund balance and net position
In accordance with the requirements of GASB Statement No. 54, below is a schedule of ending
fund balances as of December 31, 2025:

Nonspendable
Prepaid items
Restricted
Police activities
Debt service
Street improvements
Park acquisition
Community development
Total Restricted
Assigned
Working capital reserve
Compensated absences
Elections
Recreation programs
Recycling
Street lighting
Public safety supplies
Public safety aid
HRA reserve
Street improvement
Street sealcoating
Capital replacement
Building maintenance
Park acquisition
Equipment
Other activities
City hall
Cable activities
Total Assigned
Unassigned
Debt service
Total Unassigned
Total Fund Balance

General Fund

HRA Reserve

$

$

7,687

-

2,968,338
298,019
109,614
3,375,971

$ 3,383,658

$

-

Revolving
Fund

$

-

-

-

154,590
154,590

872,463
872,463

-

-

154,590

$

872,463

76

Renewal and
Replacement

Other
Governmental
Funds

Total
Governmental
Funds

$

$

$

-

-

1,890,912
1,890,912

$ 1,890,912

-

7,687

25,241
251,258
279,266
124,167
65,072
745,004

25,241
251,258
279,266
124,167
65,072
745,004

437,594
197,586
115,236
15,411
194,294
299,426
591,916
217,748
322,611
155,062
162,465
1,203,354
1,945
3,914,648

2,968,338
298,019
109,614
437,594
197,586
115,236
15,411
194,294
154,590
2,763,375
299,426
591,916
217,748
322,611
155,062
162,465
1,203,354
1,945
10,208,584

(23,409)
(23,409)

(23,409)
(23,409)

$ 4,636,243

$ 10,937,866

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
The City has restricted portions of fund balance in the fund financial statements and fund equity
in the government-wide financial statements. The restricted fund balance / equity represents the
portion not available for expenditure or legally segregated for specific future use. A summary of
the restricted portion of the fund balance / equity at December 31, 2025 is as follows:
Specific Purpose
Restricted Fund Balance
Debt Service Funds:
Debt service requirements
Special Revenue Funds:
Police activities
Community development
Capital Project Funds:
Street improvements
Park acquisition
Total Restricted Funds
Restricted Net Position
Debt service requirements
Police activities
Community development
Street improvements
Park acquisition
Total Restricted Net Position

Restriction Imposed By
Grantors
Creditors

Contributors

$

$
$

$

-

$

-

$

251,258

Regulations

$

-

26,696

25,241
38,376

-

-

124,167
150,863

279,266
342,883

251,258

-

26,696
124,167
150,863

$
$

$

25,241
38,376
279,266
342,883

$
$

$

251,577
251,577

$
$

$

-

Note 11 - Leases
The City has entered into several lease agreements with cell phone providers. Under the
agreements, the cell phone providers pay the City monthly payments of approximately $14,500
(adjusted annually) in exchange for providing cell phone services to the City residents with
antennas on top of the water towers. The receivable for these leases has been recorded in the
utility fund and is measured as the present value of the future rent payments expected to be
received during the lease terms. The discount rate used in the calculation of the receivable is
2.0%, which is the risk free rate.
The City has entered into lease agreements for two properties that are owned by the City and
rented to external parties. Under the leases, the external parties pay the City monthly payments
of $7,650. The receivable for these two leases has been recorded in the HRA reserve fund and
is measured as the present value of the future rent payments expected to be received during
the lease terms. The discount rate used in the calculation of the receivable is 2.0%, which is the
risk-free rate.

77

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Note 12 – Public Employees Retirement Association (PERA) – defined benefit
Plan description
The City participates in the following cost-sharing multiple-employer defined benefit pension plans
administered by the Public Employees Retirement Association of Minnesota (PERA).These plan
provisions are established and administered in accordance with Minnesota Statutes, Chapters
353, 353D, 353E, 353G, and 356. Minnesota Statutes chapter 356 defines each plan’s financial
reporting requirements. PERA's defined benefit pension plans are tax qualified plans under
Section 401(a) of the Internal Revenue Code.
1. General employees retirement plan (general plan)
Membership in the General Plan includes employees of counties, cities, townships, schools in
non-certified positions, and other governmental entities whose revenues are derived from
taxation, fees, or assessments. Plan membership is required for any employee who is expected to
earn more than $425 in a month, unless the employee meets exclusion criteria.
2. Public employees police and fire plan (police and fire plan)
Membership in the Police & Fire Plan includes full-time, licensed police officers and firefighters
who meet the membership criteria defined in Minnesota Statutes section 353.64 and who are not
earning service credit in any other PERA retirement plan or a local relief association for the same
service. Employers can provide Police & Fire Plan coverage for part-time positions and certain
other public safety positions by submitting a resolution adopted by the entity’s governing body.
The resolution must state that the position meets plan requirements.
Benefits provided
PERA provides retirement, disability, and death benefits. Benefit provisions are established by
state statute and can only be modified by the state Legislature. Vested, terminated employees
who are entitled to benefits, but are not receiving them yet, are bound by the provisions in effect at
the time they last terminated their public service. When a member is “vested,” they have earned
enough service credit to receive a lifetime monthly benefit after leaving public service and
reaching an eligible retirement age. Members who retire at or over their Social Security full
retirement age with at least one year of service qualify for a retirement benefit.

78

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
1. General employees plan benefits
General Employees Plan requires three years of service to vest. Benefits are based on a
member’s highest average salary for any five successive years of allowable service, age, and
years of credit at termination of service. Two methods are used to compute benefits for General
Plan members. Members hired prior to July 1, 1989, receive the higher of the Step or Level
formulas. Only the Level formula is used for members hired after June 30, 1989. Under the Step
formula, General Plan members receive 1.2% of the highest average salary for each of the first 10
years of service and 1.7% for each additional year. Under the Level formula, General Plan
members receive 1.7% of highest average salary for all years of service. For members hired prior
to July 1, 1989 a full retirement benefit is available when age plus years of service equal 90 and
normal retirement age is 65. Members can receive a reduced requirement benefit as early as age
55 if they have three or more years of service. Early retirement benefits are reduced by .25% for
each month under age 65. Members with 30 or more years of service can retire at any age with a
reduction of .25% for each month the member is younger than age 62. The Level formula allows
General Plan members to receive a full retirement benefit at age 65 if they were first hired before
July 1, 1989 or at age 66 if they were hired on or after July 1, 1989. Early retirement begins at age
55 with an actuarial reduction applied to the benefit.
Benefit increases are provided to benefit recipients each January. The postretirement increase is
equal to 50% of the cost-of-living adjustment (COLA) announced by the SSA, with a minimum
increase of at least 1% and a maximum of 1.5%. The 2025 annual increase was 1.25%.
Recipients that have been receiving the annuity or benefit for at least a full year as of the June 30
before the effective date of the increase will receive the full increase. Recipients receiving the
annuity or benefit for at least one month but less than a full year as of the June 30 before the
effective date of the increase will receive a prorated increase.
2. Police and fire plan benefits
Benefits for Police and Fire Plan members hired before July 1, 2010, are vested after three years
of service. Members hired on or after July 1, 2010, are 50% vested after five years of service and
100% vested after ten years. After five years, vesting increases by 10% each full year of service
until members are 100% vested after ten years. Police and Fire Plan members receive 3% of
highest average salary for all years of service. Police and Fire Plan members receive a full
retirement benefit when they are age 55 and vested, or when their age plus their years of service
equals 90 or greater if they were first hired before July 1, 1989. Early retirement starts at age 50,
and early retirement benefits are reduced by 0.417% each month members are younger than age
55.
Benefit increases are provided to benefit recipients each January. The postretirement increase is
fixed at 1%. Recipients that have been receiving the annuity or benefit for at least 36 months as of
the June 30 before the effective date of the increase will receive the full increase. Recipients
receiving the annuity or benefit for at least 25 months but less than 36 months as of the June 30
before the effective date of the increase will receive a prorated increase.

79

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Contributions
Minnesota Statutes Chapters 353, 353E, 353G, and 356 set the rates for employer and employee
contributions. Contribution rates can only be modified by the state Legislature.
1. General employees fund contributions
General Plan members were required to contribute 6.50% of their annual covered salary in fiscal
year 2025 and the City was required to contribute 7.50% for General Plan members. The City's
contributions to the General Employees Fund for the year ended December 31, 2025, were
$113,216. The City's contributions were equal to the required contributions as set by state statute.
2. Police and fire fund contributions
Police and Fire Plan members were required to contribute 11.80% of their annual covered salary
in fiscal year 2025 and the City was required to contribute 17.70% for Police and Fire Plan
members. The City's contributions to the Police and Fire Fund for the year ended December 31,
2025, were $228,969. The City's contributions were equal to the required contributions as set by
state statute.
Pension costs
1. General employees fund pension costs
At December 31, 2025, the City reported a liability of $560,604 for its proportionate share of the
General Employees Fund's net pension liability. The City’s net pension liability reflected a
reduction due to the State of Minnesota’s contribution of $16 million. The State of Minnesota is
considered a non-employer contributing entity and the state’s contribution meets the definition of a
special funding situation. The State of Minnesota’s proportionate share of the net pension liability
associated with the City totaled $13,524.
City's proportionate share of the net pension liability

$

State of Minnesota's proportionate share of the net
pension liability associated with the City
Total

560,604

13,524
$

574,128

The net pension liability was measured as of June 30, 2025, and the total pension liability used to
calculate the net pension liability was determined by an actuarial valuation as of that date. The
City's proportionate share of the net pension liability was based on the City's contributions
received by PERA during the measurement period for employer payroll paid dates from July 1,
2024 through June 30, 2025, relative to the total employer contributions received from all of
PERA's participating employers. The City’s proportionate share was .0169% at the end of the
measurement period and .0184% for the beginning of the period.

80

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
For the year ended December 31, 2025, the City recognized pension expense (benefit) of
$(159,092) for its proportionate share of the General Employees Plan's pension expense. In
addition, the City recognized an additional $2,707 as pension expense (and grant revenue) for its
proportionate share of the State of Minnesota’s contribution of $16 million to the General
Employees Fund.
At December 31, 2025, the City reported deferred outflows of resources and deferred inflows of
resources related to pensions from the following sources:

Differences between expected and actual
economic experience
Changes in actuarial assumptions
Net difference between projected and actual
earnings on pension plan investments
Changes in proportion
Employer contributions subsequent to
the measurement date
Total

Deferred
Outflows of
Resources

Deferred
Inflows of
Resources

$

$

$

53,414
13,507

128,993

35,811

223,068
84,024

55,722

-

158,454

$

436,085

The $55,722 reported as deferred outflows of resources related to pensions resulting from City
contributions subsequent to the measurement date will be recognized as a reduction of the net
pension liability in the year ended December 31, 2026. Other amounts reported as deferred
outflows and deferred inflows of resources related to pensions will be recognized in pension
expense as follows:
Pension
(Benefit)
Year ending December 31:
Amount
2026
$
(85,586)
2027
(109,354)
2028
(98,567)
2029
(39,846)

81

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025

2. Police and fire fund pension costs
At December 31, 2025, the City reported a liability of $963,480 for its proportionate share of the
Police and Fire Fund's net pension liability. The net pension liability was measured as of June 30,
2025, and the total pension liability used to calculate the net pension liability was determined by
an actuarial valuation as of that date. The City's proportionate share of the net pension liability
was based on the City's contributions received by PERA during the measurement period for
employer payroll paid dates from July 1, 2024 through June 30, 2025, relative to the total
employer contributions received from all of PERA's participating employers. The City's
proportionate share was .0822% at the end of the measurement period and .0865% for the
beginning of the period.
The State of Minnesota contributed $18 million to the Police and Fire Fund in the plan fiscal year
ended June 30, 2025. The contribution consisted of $9 million in direct state aid that meets the
definition of a special funding situation and $9 million in supplemental state aid that does not meet
the definition of a special funding situation. The $9 million direct state aid was paid on October 1,
2024. The direct state aid payment will increase by $17.7 million which was paid on October 1,
2025. Thereafter, by October 1 of each year, the state will pay $26.7 million to the Police and Fire
Fund until the fund is 110% funded for a minimum of three consecutive years (on an actuarial
value of assets basis). The $9 million in supplemental state aid will continue until the fund and the
State Patrol Plan (administered by the Minnesota State Retirement System) are 100% funded for
three consecutive years (on an actuarial value of assets basis). The State of Minnesota’s
proportionate share of the net pension liability associated with the City totaled $33,399.

City's proportionate share of the net pension liability

$

State of Minnesota's proportionate share of the net
pension liability associated with the City
Total

33,399
$

82

963,480

996,879

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
For the year ended December 31, 2025, the City recognized pension expense (benefit) of
$(60,496) for its proportionate share of the Police and Fire Plan’s pension expense. The City
recognized $7,401 as grant revenue and pension expense for its proportionate share of the State
of Minnesota’s pension expense for the contribution of $9 million to the Police and Fire Fund
special funding situation.
The State of Minnesota is not included as a non-employer contributing entity in the Police and Fire
Pension Plan pension allocation schedules for the $9 million in supplemental state aid because
this contribution was not considered to meet the definition of a special funding situation. The City
recognized $21,956 for the year ended December 31, 2025 as revenue and an offsetting
reduction of net pension liability for its proportionate share of the State of Minnesota’s on-behalf
contributions to the Police and Fire Fund.
At December 31, 2025, the City reported deferred outflows of resources and deferred inflows of
resources related to pensions from the following sources:

Deferred
Outflows of
Resources
Differences between expected and actual
economic experience
$
Changes in actuarial assumptions
Net difference between projected and actual
earnings on pension plan investments
Changes in proportion
Employer contributions subsequent to
the measurement date
Total

445,158
730,627

Deferred
Inflows of
Resources

$

1,207,200

45,563

430,015
137,249

117,433

-

$ 1,338,781

$ 1,774,464

The $117,433 reported as deferred outflows of resources related to pensions resulting from City
contributions subsequent to the measurement date will be recognized as a reduction of the net
pension liability in the year ended December 31, 2026.

83

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Other amounts reported as deferred outflows and inflows of resources related to pensions will be
recognized in pension expense as follows:

Year ending December 31:
2026
2027
2028
2029
2030

Pension
Expense
(Benefit)
Amount
$
200,199
(230,259)
(501,911)
(34,247)
13,102

Aggregate pension expense
The total pension expense (benefit) for all plans (General Employees Fund and Police and Fire
Fund) recognized by the City for the year ended December 31, 2025 was $(219,588).
Long-term expected return on investment
The State Board of Investment, which manages the investments of PERA, prepares an analysis of
the reasonableness on a regular basis of the long-term expected rate of return using a buildingblock method in which best-estimate ranges of expected future rates of return are developed for
each major asset class. These ranges are combined to produce an expected long-term rate of
return by weighting the expected future rates of return by the target asset allocation percentages.
The target allocation and best estimates of geometric real rates of return for each major asset
class are summarized in the following table:
Asset Class
Domestic Equity
International Equity
Fixed Income
Private Markets
Total

Target Allocation
33.5%
16.5%
25.0%
25.0%
100.0%

Long-Term Expected
Real Rate of Return
5.10%
5.30%
0.75%
5.90%

Actuarial methods and assumptions
The total pension liability for each of the cost-sharing defined benefit plans was determined by an
actuarial valuation as of June 30, 2025, using the entry-age normal actuarial cost method. The
long-term rate of return on pension plan investments used in the determination of the total liability
is 7.0%. The 7.0% assumption is based on a review of inflation and investment return
assumptions from a number of national investment consulting firms. The review provided a range
of investment return rates considered reasonable by the actuary. An investment return of 7.0% is
within that range.

84

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025




Inflation is assumed to be 2.25% for the General Employees Plan and the Police and
Fire Plan.
Benefit increases after retirement are assumed to be 1.50% for the General Employees
Plan and 1.00% for the Police and Fire Plan.

Salary growth assumptions in the General Employees Plan range in annual increments from
11.50% after one year of service to 3.0% after 27 years of service. In the Police and Fire Plan,
salary growth assumptions range in annual increments from 10.75% after one year of service to
3.0% after 23 years of service.
Mortality rates for the General Employees Plan are based on the Pub-2010 General Employee
Mortality Table. Mortality rates for the Police and Fire Plan are based on the Pub-2010 Public
Safety Employee Mortality tables. The tables are adjusted slightly to fit PERA’s experience.
Actuarial assumptions for the General Employees Plan are reviewed every four years. The
General Employees Plan was last reviewed in 2022. The assumption changes were adopted by
the Board and became effective with the July 1, 2023 actuarial valuation. The Police and Fire Plan
was reviewed in 2024. The assumption changes were adopted by the Board and became
effective with the July 1, 2025 actuarial valuation.
The following changes in actuarial assumptions and plan provisions occurred in 2025:
General employees fund
Changes in actuarial assumptions:
 The combined service annuity loading factors increased from 15% to 19% for vested
terminated members and from 3% to 44% for non-vested, terminated members.
 The assumed post-retirement benefit increase changed from 1.25% to 1.50%.
Changes in plan provisions:
 The post-retirement benefit increase formula changed to 100% of the Social Security
annual increase, between 1% and 1.75% , beginning January 1, 2026. If the funded ratio
(on a market value of assets basis) is less than 85% for the last two consecutive annual
valuations or is less than 80% in the most recent actuarial valuation, the maximum is
reduced to 1.5%. Previously, the benefit increase was 50% of the Social Security annual
increase, between 1% and 1.5%.
 The 1% additional employer contribution is eliminated when the plan reaches 98%
funded status (on an actuarial value of assets basis); this contribution was previously
scheduled to stop when the plan reached 100% funded status.

85

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Police and fire fund
Changes in actuarial assumptions:
 Assumed rates of salary increases were reduced slightly.
 Assumed rates of retirement were adjusted, resulting in an overall increase in unreduced
(full) retirements and an overall increase in reduced (early) retirements.
 Assumed rates of withdrawal were modified; the new rates will increase predicted
terminations, especially in the first few years of employment.
 Assumed rates of disabled retirement were significantly increased, especially for ages
over age 30.
 Continued used of Pub-2010 Public Safety Mortality Table with rates adjusted to better
fit observed experience.
 Percent married assumption for female retirees lowered from 70% to 65%.
 Minor changes were made to form of payment assumptions for retirees.
 Minor changes were made to assumptions made with respect to missing participant
data.
 The combined service annuity load changed from 33% to 13% for vested, terminated
members and from 2% to 38% for non-vested, terminated members.
Changes in plan provisions:
 The period of time needed for benefit recipients to receive their first benefit increase was
reduced by one year (from 36 months to 24 months for a full increase).
 The January 1, 2026 benefit increase changed from 1% to 3%; subsequent January 1
increases will be 1%.
 The threshold to end the $9 million annual state aid contribution changed from the earlier
of July 1, 2048 or 90% funded for both PERA Police & Fire and MSRS State Patrol for
three consecutive years to 100% funded for both PERA Police & Fire and MSRS State
Patrol for three consecutive years (on an actuarial value of assets basis).
 The threshold to end the additional $9 million annual state aid contribution changed from
the earlier of July 1, 2048 or 100% funded for a minimum of three consecutive years to
110% funded for a minimum of three consecutive years (on an actuarial value of assets
basis).
 An additional $17.7 million in direct state aid will be paid annually each October 1
beginning October 1, 2025 through June 30, 2048.
 Join and survivor actuarial equivalent factors were updated to reflect changes in
assumptions.

86

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Discount rate
The discount rate used to measure the total pension liability in 2025 was 7.0%. The projection of
cash flows used to determine the discount rate assumed that contributions from plan members
and employers will be made at rates set in Minnesota Statutes. Based on these assumptions, the
fiduciary net position of the General Employees and Police and Fire Plans were projected to be
available to make all projected future benefit payments of current plan members. The long-term
expected rate of return on pension plan investments was applied to all periods of projected benefit
payments to determine the total pension liability.
Pension liability sensitivity
The following presents the City's proportionate share of the net pension liability for all plans it
participates in, calculated using the discount rate disclosed in the preceding paragraph, as well as
what the City's proportionate share of the net pension liability would be if it were calculated using
a discount rate one percentage point lower or one percentage point higher than the current
discount rate:
Sensitivity Analysis of Net Pension Liability (Asset) at Different Discount Rates
General Employees Fund
Police and Fire Fund
1% lower

6.00%

$

1,361,619

6.00%

$

2,524,522

Current discount rate

7.00%

$

560,604

7.00%

$

963,480

1% higher

8.00%

$

(89,200)

8.00%

$

(318,382)

Pension plan fiduciary net position
Detailed information about each pension plan's fiduciary net position is available in a separatelyissued PERA financial report that includes financial statements and required supplementary
information. That report may be obtained on the Internet at www.mnpera.org.
Note 13 – Public Employees Retirement Association (PERA) - defined contribution
Five council members of the City are covered by the Defined Contribution Plan, a multipleemployer deferred compensation plan administered by PERA. The Defined Contribution Plan is a
tax qualified plan under Section 401(a) of the Internal Revenue Code and all contributions by or
on behalf of council members are tax deferred until time of withdrawal.
Plan benefits depend solely on amounts contributed to the plan plus investment earnings, less
administrative expenses. Minnesota Statutes, Chapter 353D and 356, specifies plan provisions,
including the employee and employer contribution rates for those qualified personnel who elect to
participate. An eligible elected official who decides to participate contributes 5% of salary which is
matched by the elected official's employer.

87

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Employees who are paid for their services may elect to make member contributions in an amount
not to exceed the employer share. Employer and employee contributions are combined and used
to purchase shares in one or more of the seven accounts of the Minnesota Supplemental
Investment Fund. For administering the plan, PERA receives 2% of employer contributions and
twenty-five hundredths of one percent (0.25%) of the assets in each member's account annually.
Total contributions made by the City of Spring Lake Park during fiscal year 2025 were:
Contribution Amount
Employee
Employer
$
1,565
$
1,565

Percentage of Covered Payroll
Employee
Employer
5%
5%

Required
Rate
5%

Note 14 – Other postemployment benefits
The City has considered the accounting pronouncement, GASB Statement No. 75, Accounting
and Financial Reporting by for Postemployment Benefits Other than Pensions. Management
determined the OPEB liability at December 31, 2025 is not material and therefore is not recorded
in these financial statements.
Note 15 – Joint powers agreements
As previously noted, the City of Spring Lake Park participates with the cities of Blaine and Mounds
View through a joint powers agreement to cooperatively support the Spring Lake Park Fire
Department, Inc. (the Department). The Department is independent of the cities and operates as a
separate entity. Under terms of the agreement, the equipment, property and other assets of the
Department are owned jointly by the three cities. Each city enters into a contract for services with
the Department for fire protection services. Cost of services for each city is determined based on
a formula prescribed in the agreement. Based on the agreement, in the event the Department
sustains operating deficits, the cities will contribute additional funds to the Department in
proportion to the formula described above. Operating budgets of the Department are approved
annually by the cities.
Payments to the Department by the City of Spring Lake Park in 2025 totaled $371,482, including a
provision for capital expenditures. This total was approximately 8.5% of contracted revenues from
member cities reported by the Department. As described in Note 1, the City is also responsible for
its share of debt service payments related to bonds issued on behalf of the Department for
building improvements and equipment acquisitions.
In addition, the City is a member of the Anoka County Joint Law Enforcement Council (JLEC), an
organization of Anoka County and certain cities located within the County formed to cooperate in
their law enforcement efforts. The City participates with the JLEC on a cost-sharing basis with the
development and maintenance of an integrated central records communication system. Costs
related to the City's participation in the JLEC were $19,518 for the year ended December 31,
2025.

88

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
In 1983, the City adopted an ordinance establishing a franchise for a cable communications
system. City and neighboring municipalities formed the North Metro Telecommunications
Commission (the “Commission”). The purpose of this organization is to monitor the operations and
activities of cable communications of the member municipalities. The Commission also provides
coordination, administration and enforcement of the franchises for the cable communication
system.
The City receives a portion of the franchise fees, which are reported in the North Central
Suburban Cable Fund. These revenues are committed for cable television related expenditures.
Financial statements for the Commission can be obtained by writing to: North Metro
Telecommunications Commission, 12520 Polk Street NE, Blaine, Minnesota 55434.
Note 16 – Commitments and contingencies
Risk management
The City is exposed to various risks of loss related to torts: theft of, damage to, or destruction of
assets; errors or omissions; injuries to employees; and natural disasters. The City participates in
the League of Minnesota Cities Insurance Trust (LMCIT) to provide its general liability and
property coverage. The LMCIT is a public entity risk pool currently operating as a common risk
management and insurance program for participating Minnesota Cities. All Cities in the LMCIT are
jointly and severally liable for all claims and expenses of the pool. The amount of any liability in
excess of assets of the pool may be assessed to the participating cities if a deficiency occurs. The
City purchases commercial insurance for property values in excess of the LMCIT policy limits and
all other risks of loss. Settled claims have not exceeded the LMCIT or commercial coverage in any
of the past three fiscal years.
Worker's compensation insurance is also purchased through the LMCIT. The worker
compensation program is a retrospectively rated contract with premiums or required contributions
based primarily on the experience rates of the participating cities. There were no significant
reductions in insurance coverage from the previous year or settlements in excess of insurance
coverage for any of the past three fiscal years.
Insurance
The City has outstanding claims subject to its insurance deductible. Although the outcome of
these actions is not presently determinable, in the opinion of management, the resolution of these
matters will not have a material adverse effect on the financial condition of the City.
General Litigation
Management is not aware of any existing or pending lawsuits, claims or other actions in which the
City is a defendant. It is the opinion of management that any such claims would be covered by the
liability insurance of the City and that potential claims against the City would not materially affect
the financial statements.

89

City of Spring Lake Park, Minnesota
Notes to Financial Statements
December 31, 2025
Note 17 – Restatement
In 2025, management identified $1,299,019 of construction in progress related to the City Hall
renovation that was inadvertently omitted from the City’s capital asset schedule. The effect of
this omission is reported as a restatement of beginning net position on the City’s Statement of
Activities, which resulted in an increase to net position.

Activities/Fund

Net Position
December 31, 2024,
as Previously
Reported

Governmental Activities

$

16,866,732

$

Business-Type Activities

$

7,903,852

$

Restatement for
Construction in
Progress
1,299,019
-

Net Position
December 31, 2024,
as Restated
$

18,165,751

$

7,903,852

During the fiscal year 2025, the City Hall Renovation fund, which was previously reported as a
major governmental fund, is now a nonmajor governmental fund due to the fund no longer
meeting the quantitative threshold to be classified as a major fund. Adjustments to the financial
statements were as follows:

Governmental Fund
Major funds
City Hall Renovation Fund
Nonmajor funds

Beginning fund
balance as
previously reported

Change within
financial reporting
entity

$

$

2,403,867
3,183,176

90

(2,403,867)
2,403,867

Beginning fund
balance as
restated

$

5,587,043

City of Spring Lake Park, Minnesota
Required Supplementary Information
December 31, 2025

This Page Left Blank Intentionally

City of Spring Lake Park, Minnesota
Schedule of City Contributions
PERA General Employees Retirement Fund
December 31, 2025

Contributions

Contributions

in Relation to

as a

Statutorily

Statutorily

Contribution

Required

Required

Deficiency

Percentage of

Year Ended December 31 Contribution (a) Contribution (b) (Excess) (a-b)
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025

$

112,202 $
114,728
110,008
102,065
103,623
97,494
103,606
107,375
118,529
113,216

112,202 $
114,728
110,008
102,065
103,623
97,494
103,606
107,375
118,529
113,216

-

$

Covered

Covered Payroll

Payroll (d)

(b/d)

1,496,472
1,529,713
1,466,764
1,360,859
1,381,644
1,299,915
1,381,419
1,430,712
1,580,700
1,509,573

7.5%
7.5%
7.5%
7.5%
7.5%
7.5%
7.5%
7.5%
7.5%
7.5%

Schedule of City Contributions
PERA Public Employees Police and Fire Fund Pension Plan
December 31, 2025

Contributions

Contributions

in Relation to

as a

Statutorily

Statutorily

Contribution

Required

Required

Deficiency

Percentage of

Year Ended December 31 Contribution (a) Contribution (b) (Excess) (a-b)
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025

$

151,121 $
153,641
161,819
174,175
186,745
188,326
197,758
203,130
216,284
228,969

151,121 $
153,641
161,819
174,175
186,745
188,326
197,758
203,130
216,284
228,969

94

-

$

Covered

Covered Payroll

Payroll (d)

(b/d)

932,841
948,402
998,882
1,027,581
1,055,054
1,063,991
1,117,276
1,147,627
1,221,650
1,293,606

16.20%
16.20%
16.20%
16.95%
17.70%
17.70%
17.70%
17.70%
17.70%
17.70%

This Page Left Blank Intentionally

City of Spring Lake Park, Minnesota
Schedule of City and Non-Employer Proportionate Share of Net Pension Liability
PERA General Employees Retirement Fund
December 31, 2025

Fiscal Year
Ended June 30
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025

City's
Proportionate
Share (Amount) of
the Net Pension
Liability (Asset)
and the State's
State's
Proportionate
Proportionate
City's
City's
Proportionate Share (Amount) of Share (Amount) of
Proportionate
Share (Amount) of the Net Pension the Net Pension
Share
Liability (Asset)
the Net Pension Liability (Asset)
(Percentage) of
Liability (Asset) Associated with Associated with
Net Pension
the City (a+b)
the City (b)
(a)
Liability (Asset)
0.0239% $
0.0234%
0.0228%
0.0200%
0.0184%
0.0185%
0.0185%
0.0173%
0.0184%
0.0169%

1,940,561
1,493,841
1,264,851
1,105,755
1,103,164
790,033
1,465,206
967,397
680,666
560,604

$

25,332 $
18,793
41,581
34,332
33,897
24,044
43,085
26,552
17,601
13,524

1,965,893 $
1,512,634
1,306,432
1,140,087
1,137,061
814,077
1,508,291
993,949
698,267
574,128

City's Covered
Payroll (c)
1,496,472
1,529,713
1,534,400
1,413,001
1,309,040
1,329,628
1,386,819
1,373,312
1,558,603
1,532,122

City's
Proportionate
Share (Amount) of
Plan Fiduciary
the Net Pension
Liability (Asset) Net Position as a
as a Percentage Percentage of the
Total Pension
of its Covered
Liability
Payroll (a/c)
129.7%
97.7%
82.4%
78.3%
84.3%
59.4%
105.7%
70.4%
43.7%
36.6%

68.9%
75.9%
79.5%
80.2%
79.1%
87.0%
76.7%
83.1%
89.1%
90.8%

Schedule of Proportionate Share of Net Pension Liability
PERA Public Employees Police and Fire Fund Pension Plan
December 31, 2025

Fiscal Year
Ended June 30
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025

City's
Proportionate
Share (Amount) of
the Net Pension
State's
Liability and the
State's
City's
City's
Proportionate
Proportionate
Proportionate Share (Amount) of Proportionate
Share
Share (Amount) of the Net Pension Share of the Net
Pension Liability
(Percentage) of the Net Pension
Liability
Net Pension
Liability (Asset) Associated with Associated with
Liability (Asset)
(a)
the City (b)
the City (a+b)
0.0960% $
0.0920%
0.0925%
0.0955%
0.0912%
0.0878%
0.0940%
0.0850%
0.0865%
0.0822%

3,852,647 $
1,242,109
985,955
1,016,694
1,202,114
677,723
4,090,509
1,467,840
1,137,441
963,480

$
28,305
30,486
178,684
59,110
43,359
33,399

96

3,852,647 $
1,242,109
985,955
1,016,694
1,230,419
708,209
4,269,193
1,526,950
1,180,800
996,879

City's Covered
Payroll (c)
932,841
948,402
975,104
1,007,413
1,029,857
1,038,145
1,141,961
1,116,045
1,196,776
1,248,008

City's
Proportionate
Share (Amount) of
the Net Pension
Plan Fiduciary
Liability (Asset) Net Position as a
as a Percentage Percentage of the
of its Covered
Total Pension
Payroll (a/c)
Liability
413.0%
131.0%
101.1%
100.9%
116.7%
65.3%
358.2%
131.5%
95.0%
77.2%

63.9%
85.4%
88.8%
89.3%
87.2%
93.7%
70.5%
86.5%
90.2%
91.8%

This Page Left Blank Intentionally

City of Spring Lake Park, Minnesota
Notes to Required Supplementary Information
December 31, 2025
Notes to Schedule of Changes in Net Pension Liabilities and Related Ratios
General Employees Fund
2025 Changes
Changes in Actuarial Assumptions:
 The combined service annuity loading factors increased from 15% to 19% for vested
terminated members and from 3% to 44% for non-vested, terminated members.
 The assumed post-retirement benefit increase changed from 1.25% to 1.5%.
Changes in Plan Provisions:
 The post-retirement benefit increase formula changed to 100% of the Social Security
annual increase, between 1% and 1.75%, beginning January 1, 2026. If the funded ratio
(on a market value of assets basis) is less than 85% for the last two consecutive annual
valuations or is less than 80% in the most recent actuarial valuation, the maximum is
reduced to 1.5%. Previously, the benefit increase was 50% of the Social Security annual
increase, between 1% and 1.5%.
 The 1% additional employer contribution is eliminated when the plan reaches 98% funded
status (on an actuarial value of assets basis); this contribution was previously scheduled to
stop when the plan reached 100% funded status.
2024 Changes
Changes in Actuarial Assumptions:
 Rates of merit and seniority were adjusted, resulting in slightly higher rates.
 Assumed rates of retirement were adjusted as follows: increase the rate of assumed
unreduced retirements, slight adjustments to Rule of 90 retirement rates, and slight
adjustments to early retirement rates for Tier 1 and Tier 2 members.
 Minor increase in assumed withdrawals for males and females. Lower rates of disability.
 Continued use of Pub-2010 general mortality table with slight rate adjustments as
recommended in the most recent experience study.
 Minor changes to form of payment assumptions for male and female retirees. Minor
changes to assumptions made with respect to missing participant data.
Changes in Plan Provisions:
 The workers’ compensation offset for disability benefits was eliminated. The actuarial
equivalent factors updated to reflect the changes in assumptions.
2023 Changes
Changes in Actuarial Assumptions:
 The investment return assumption and single discount rate were changed from 6.5% to
7.00%.
Changes in Plan Provisions:
 An additional one-time direct state aid contribution of $170.1 million will be contributed to
the Plan on October 1, 2023.

98

City of Spring Lake Park, Minnesota
Notes to Required Supplementary Information
December 31, 2025




The vesting period of those hired after June 30, 2010, was changed from five years of
allowable service to three years of allowable service.
The benefit increase delay for early retirements on or after January 1, 2024, was
eliminated.
A one-time, non-compounding benefit increase of 2.5% minus the actual 2024 adjustment
will be payable in a lump sum for calendar year 2024 by March 31, 2024.

2022 Changes
Changes in Actuarial Assumptions:
 The mortality improvement scale was changed from Scale MP-2020 to Scale MP-2021.
Changes in Plan Provisions:
 There were no changes in plan provisions since the previous valuation.
2021 Changes
Changes in Actuarial Assumptions:
 The investment return and single discount rates were changed from 7.50% to 6.50%, for
financial reporting purposes.
 The mortality improvement scale was changed from Scale MP-2019 to Scale MP-2020.
Changes in Plan Provisions:
 There were no changes in plan provisions since the previous valuation.
2020 Changes
Changes in Actuarial Assumptions:
 The price inflation assumption was decreased from 2.50% to 2.25%.
 The payroll growth assumption was decreased from 3.25% to 3.00%.
 Assumed salary increase rates were changed as recommended in the June 30, 2019,
experience study. The net effect is assumed rates that average 0.25% less than previous
rates.
 Assumed rates of retirement were changed as recommended in the June 30, 2019
experience study. The changes result in more unreduced (normal) retirements and slightly
fewer Rule of 90 and early retirements.
 Assumed rates of termination were changed as recommended in the June 30, 2019
experience study. The new rates are based on service and are generally lower than the
previous rates for years 2-5 and slightly higher thereafter.
 Assumed rates of disability were changed as recommended in the June 30, 2019
experience study. The change results in fewer predicted disability retirements for males
and females.
 The base mortality table for healthy annuitants and employees was changed from the RP2014 table to the Pub-2010 General Mortality table, with adjustments. The base mortality
table for disabled annuitants was changed from the RP-2014 disabled annuitant mortality
table to the PUB-2010 General/Teacher disabled annuitant mortality table, with
adjustments.
 The mortality improvement scale was changed from Scale MP-2018 to Scale MP-2019.
 The assumed spouse age difference was changed from two years older for females to one
year older.

99

City of Spring Lake Park, Minnesota
Notes to Required Supplementary Information
December 31, 2025


The assumed number of married male new retirees electing the 100% Joint & Survivor
option changed from 35% to 45%. The assumed number of married female new retirees
electing the 100% Joint & Survivor option changed from 15% to 30%. The corresponding
number of married new retirees electing the Life annuity option was adjusted accordingly.

Changes in Plan Provisions:
 Augmentation for current privatized members was reduced to 2.0% for the period July 1,
2020, through December 31, 2023, and 0.0% after. Augmentation was eliminated for
privatizations occurring after June 30, 2020.
2019 Changes
Changes in Actuarial Assumptions:
 The mortality projection scale was changed from MP-2017 to MP-2018.
Changes in Plan Provisions:
 The employer supplemental contribution was changed prospectively, decreasing from $31
million to $21 million per year. The State’s special funding contribution was changed
prospectively, requiring $16 million due per year through 2031.
2018 Changes
Changes in Actuarial Assumptions:
 The mortality projection scale was changed from MP-2015 to MP-2017.
 The assumed benefit increase was changed from 1.0% per year through 2044 and 2.5%
per year thereafter to 1.25% per year.
Changes in Plan Provisions:
 The augmentation adjustment in early retirement factors is eliminated over a five-year
period starting July 1, 2019, resulting in actuarial equivalence after June 30, 2024.
 Interest credited on member contributions decreased from 4.0% to 3.0%, beginning July 1,
2018.
 Deferred augmentation was changed to 0.0%, effective January 1, 2019. Augmentation
that has already accrued for deferred members will still apply.
 Contribution stabilizer provisions were repealed.
 Annual increases were changed from 1% per year with a provision to increase to 2.5%
upon attainment of 90% funding ratio to 50% of the Social Security Cost-of Living
Adjustment, not less than 1.0% and not more than 1.5%, beginning January 1, 2019.
 For retirements on or after January 1, 2024, the first benefit increase is delayed until the
retiree reaches normal retirement age; does not apply to Rule of 90 retirees, disability
benefit recipients, or survivors.
 Actuarial equivalent factors were updated to reflect revised mortality and interest
assumptions.

100

City of Spring Lake Park, Minnesota
Notes to Required Supplementary Information
December 31, 2025
2017 Changes
Changes in Actuarial Assumptions:
 The combined service annuity (CSA) loads were changed from 0.80% for active members
and 60% for vested and non-vested deferred members. The revised CSA loads are now
0% for active member liability, 15.0% for vested deferred member liability, and 3.0% for
non-vested deferred member liability.
 The assumed annual increase rate was changed for 1.0% per year for all years to 1.0%
per year through 2044 and 2.50% per year thereafter.
Changes in Plan Provisions:
 The State’s contribution for the Minneapolis Employees Retirement Fund equals $16.0
million in 2017 and 2018 and $6.0 million thereafter.
 The Employer Supplemental Contribution for the Minneapolis Employees Retirement Fund
changed from $21,000,000 to $31,000,000 in calendar years 2019 to 2031. The State’s
contribution changed from $16,000,000 to $6,000,000 in calendar years 2019 to 2031.
2016 Changes
Changes in Actuarial Assumptions:
 The assumed annual increase rate was changed from 1% per year through 2035 and
2.50% per year thereafter to 1.0% per year for all years.
 The assumed investment return was changed from 7.90% to 7.50%. The single discount
rate changed from 7.90% to 7.50%.
 Other assumptions were changed pursuant to the experience study June 30, 2015. The
assumed future salary increases, payroll growth, and inflation were decreased by 0.25% to
3.25% for payroll growth and 2.50% for inflation.
Changes in Plan Provisions:
 There have been no changes since the prior valuation.
Police and Fire Plan
2025 Changes
Changes in Actuarial Assumptions
 Assumed rates of salary increases were reduced slightly.
 Asumed rates of retirement were adjusted, resulting in an overall increase in unreduced
(full) retirements and an overall increase in reduced (early) retirements.
 Assumed rates of withdrawal were modified; the new rates will increase predicted
terminations, especially in the first few years of employment.
 Assumed rates of disabled retirement were significantly increased, especially for ages
over age 30.
 Continued use of Pub-2010 Public Safety Mortality Table with rates adjusted to better fit
observed experience.
 % married assumption for female retirees lowered from 70% to 65%.
 Minor changes were made to form of payment assumptions for retirees.
 Minor changes were made to assumptions made with respect to missing participant data.

101

City of Spring Lake Park, Minnesota
Notes to Required Supplementary Information
December 31, 2025


The combined service annuity load changed from 33% to 13% for vested, terminated
members and from 2% to 38% for non-vested, terminated members.

Changes in Plan Provisions
 The period of time needed for benefit recipients to receive their first benefit increase was
reduced by one year (from 36 months to 24 months for a full increase).
 The January 1, 2026 benefit increase changed from 1% to 3%; subsequent January 1
increases will be 1%.
 The threshold to end the $9 million annual state aid contribution changed from the earlier
of July 1, 2048 or 90% funded for both PERA Police & Fire and MSRS State Patrol for
three consecutive years to 100% funded for both PERA Police & Fire and MSRS State
Patrol for three consecutive years (on an actuarial value of assets basis).
 The threshold to end the additional $9 million annual state aid contribution changed from
the earlier of July 1, 20248 or 100% funded for a minimum of three consecutive years to
110% funded for a minimum of three consecutive years (on an actuarial value of assets
basis).
 An additional $17.7 million in direct state aid will be paid annually each October 1
beginning October 1, 2025 through June 30, 2048.
 Joint and survivor actuarial equivalent factors were updated to reflect changes in
assumptions.
2024 Changes
Changes in Actuarial Assumptions
 There were no changes in actuarial assumptions since the prior valuation.
Changes in Plan Provisions
 The State contribution of $9.0 million per year will continue until the earlier of 1) both the
Police & Fire Plan and the State Patrol Retirement Fund attain 90% funded status for three
consecutive years (on an actuarial value of assets basis) or 2) July 1, 2048. The
contribution was previously due to expire after attaining a 90% funded status for one year.
 The additional $9.0 million contribution will continue until the Police & Fire Plan is fully
funded for a minimum of three consecutive years on an actuarial value of assets basis, or
July 1, 2048, whichever is earlier. This contribution was previously due to expire upon
attainment of fully funded status on an actuarial value of assets basis for one year (or July
1, 2048 if earlier).
2023 Changes
Changes in Actuarial Assumptions
 The investment return assumption was changed from 6.5% to 7.0%.
 The single discount rate changed from 5.4% to 7.0%.

102

City of Spring Lake Park, Minnesota
Notes to Required Supplementary Information
December 31, 2025
Changes in Plan Provisions
 Additional one-time direct state aid contribution of $19.4 million will be contributed to the
Plan on October 1, 2023.
 Vesting requirement for new hires after June 30, 2014, was changed from a graded 20year vesting schedule to a graded 10-year vesting schedule, with 50% vesting after five
years, increasing incrementally to 100% after 10 years.
 A one-time, non-compounding benefit increase of 3.0% will be payable in a lump sum for
calendar year 2024 by March 31, 2024.
 Psychological treatment is required effective July 1, 2023, prior to approval for a duty
disability benefit for a psychological condition relating to the member’s occupation.
 The total and permanent duty disability benefit was increased, effective July 1, 2023.
2022 Changes
Changes in Actuarial Assumptions
 The mortality improvement scale was changed from Scale MP-2020 to Scale MP-2021.
 The single discount rate changed from 6.5% to 5.4%.
Changes in Plan Provisions
 There were no changes in plan provisions since the previous valuation.
2021 Changes
Changes in Actuarial Assumptions
 The investment return and single discount rates were changed from 7.50% to 6.50%, for
financial reporting purposes.
 The inflation assumption was changed from 2.50% to 2.25%.
 The payroll growth assumption was changed from 3.25% to 3.00%.
 The base mortality table for healthy annuitants and employees was changed from the RP2014 table to the Pub-2010 Public Safety Mortality table. The mortality improvement scale
was changed from MP-2019 to MP-2020.
 The base mortality table for disabled annuitants was changed from the RP-2014 healthy
annuitant mortality table (with future mortality improvement according to Scale MP-2019)
to the Pub-2010 Public Safety disabled annuitant mortality table (with future mortality
improvement according to Scale MP-2020).
 Assumed rates of salary increase were modified as recommended in the July 14, 2020,
experience study. The overall impact is a decrease in gross salary increase rates.
 Assumed rates of retirement were changed as recommended in the July 14, 2020,
experience study. The changes result in slightly more unreduced retirements and fewer
assumed early retirements.
 Assumed rates of withdrawal were changed from select and ultimate rates to service
based rates. The changes result in more assumed terminations.
 Assumed rates of disability were increased for ages 25-44 and decreased for ages over
49. Overall, proposed rates result in more projected disabilities.
 Assumed % married for active female members was changed from 60% to 70%.
 Minor changes to form of payment assumptions were applied.
Changes in Plan Provisions
 There were no changes

in

plan

provisions

103

since

the

previous

valuation.

City of Spring Lake Park, Minnesota
Notes to Required Supplementary Information
December 31, 2025
2020 Changes
Changes in Actuarial Assumptions
 The mortality projection scale was changed from MP-2018 to MP-2019.
Changes in Plan Provisions
 There have been no changes since the prior valuation.
2019 Changes
Changes in Actuarial Assumptions
 The mortality projection scale was changed from MP-2017 to MP-2018.
Changes in Plan Provisions
 There have been no changes since the prior valuation.
2018 Changes
Changes in Actuarial Assumptions
 The mortality projection scale was changed from MP-2016 to MP-2017.
Changes in Plan Provisions
 Annual increases were changed to 1.00% for all years, with no trigger.
 An end date of July 1, 2048, was added to the existing $9 million state contribution.
 New annual state aid will equal $4.5 million in fiscal years 2019 and 2020, and $9 million
thereafter until the plan reaches 100% funding, or July 1, 2048, if earlier.
 Member contributions were changed from 10.8% to 11.3% of pay, effective January 1,
2019, and 11.8% of pay, effective January 1, 2020.
 Employer contributions were changed from 16.2% to 16.95% of pay, effective January 1,
2019, and 17.7% of pay, effective January 1, 2020.
 Interest credited on member contributions decreased from 4% to 3%, beginning July 1,
2018.
 Deferred augmentation was changed to 0.00%, effective January 1, 2019. Augmentation
that has already accrued for deferred members will still apply.
 Actuarial equivalent factors were updated to reflect revised mortality and interest
assumptions.
2017 Changes
Changes in Actuarial Assumptions
 Assumed salary increases were changed as recommended in the June 30, 2016,
experience study. The net effect is proposed rates that average 0.34% lower than the
previous rates.
 Assumed rates of retirement were changed, resulting in fewer retirements.
 The combined service annuity (CSA) load was 30% for vested and non-vested, deferred
members. The CSA has been changed to 33% for vested members and 2.0% for
nonvested members.

104

City of Spring Lake Park, Minnesota
Notes to Required Supplementary Information
December 31, 2025










The base mortality table for healthy annuitants was changed from the RP-2000 fully
generational table to the RP-2014 fully generational table (with a base year of 2006), with
male rates adjusted by a factor of 0.96. The mortality improvement scale was changed
from Scale AA to Scale MP-2016. The base mortality table for disabled annuitants was
changed from the RP-2000 disabled mortality table to the mortality tables assumed for
healthy retirees.
Assumed termination rates were decreased to 3.0% for the first three years of service.
Rates beyond the select period of three years were adjusted, resulting in more expected
terminations overall.
Assumed percentage of married female members was decreased from 65% to 60%.
Assumed age difference was changed from separate assumptions for male members
(wives assumed to be three years younger) and female members (husbands assumed to
be four years older) to the assumption that males are two years older than females.
The assumed percentage of female members electing joint and survivor annuities was
increased.
The assumed annual benefit increase rate was changed from 1.00% for all years to 1.00%
per year through 2064 and 2.5% thereafter.
The single discount rate was changed from 5.6% per annum to 7.5% per annum.

Changes in Plan Provisions
 There have been no changes since the prior valuation.
2016 Changes
Changes in Actuarial Assumptions
 The assumed annual benefit increase rate was changed from 1.0% per year through 2037
and 2.5% per year thereafter to 1.0% per year for all future years.
 The assumed investment return was changed from 7.9% to 7.5%.
 The single discount rate changed from 7.9% to 5.6%.
 The assumed future salary increases, payroll growth, and inflation were decreased by
0.25% to 3.25% for payroll growth and 2.5% for inflation.
Changes in Plan Provisions
 There have been no changes since the prior valuation.

105

City of Spring Lake Park, Minnesota
Combining and Individual Nonmajor
Fund Statements and Schedules
December 31, 2025

This Page Left Blank Intentionally

City of Spring Lake Park, Minnesota
Combining Balance Sheet
Nonmajor Governmental Funds
December 31, 2025

Special
Revenue

Debt Service

Capital
Projects

Total

Assets
Cash and investments
Accounts receivable
Special assessments receivable
Due from other funds
Due from other governmental units

$ 1,305,854
128,202
683
-

$

244,440
319
6,818

$ 3,066,534
177,471
2,179

$ 4,616,828
305,673
319
683
8,997

Total assets

$ 1,434,739

$

251,577

$ 3,246,184

$ 4,932,500

$

$

23,409
23,409

$

$

Liabilities, deferred inflows of
resources, and fund balances
Liabilities
Accounts payable
Accrued payroll and taxes
Deposits and other liabilities
Due to other funds
Unearned revenue
Total liabilities

44,448
1,236
138,718
30,365
7,250
222,017

Deferred inflows of resources
Unavailable revenue:
Special assessments
Fund balances
Restricted
Assigned
Unassigned
Total fund balances
Total liabilities, deferred inflows of
resources, and fund balances

-

319

90,313
1,122,409
1,212,722

$ 1,434,739

108

$

50,512
50,512

-

118,369
1,236
138,718
30,365
7,250
295,938

319

251,258
(23,409)
227,849

403,433
2,792,239
3,195,672

745,004
3,914,648
(23,409)
4,636,243

251,577

$ 3,246,184

$ 4,932,500

This Page Left Blank Intentionally

City of Spring Lake Park, Minnesota
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Governmental Funds
For the Year Ended December 31, 2025

Special
Revenue
Revenues
Property and franchise taxes
Special assessments
Intergovernmental revenues
Charges for services
Fines and forfeitures
Investment earnings
Other revenues
Total revenues

$

5,109
61,070
609,209
667
39,511
98,828

Capital
Projects

Debt Service
$

384,264
26,089
8,017
-

$

121,373
397,190
83,044
135,986
251,613

Total
$

510,746
26,089
458,260
692,253
667
183,514
350,441

814,394

418,370

989,206

2,221,970

34
8,401
35,817
377,865
253,899

147,955

49,547
694
231,997
36,962
-

49,581
9,095
267,814
414,827
401,854

263

-

926,422
442,495
279,871

926,422
442,495
280,134

-

560,900
342,366

-

560,900
342,366

Total expenditures

676,279

1,051,221

1,967,988

3,695,488

Excess (deficiency) of revenues
over (under) expenditures

138,115

(632,851)

(978,782)

(1,473,518)

Other financing sources (uses)
Transfers from other funds
Transfers to other funds

53,000
(90,000)

759,987
(98,664)

202,420
(304,025)

1,015,407
(492,689)

Total other financing sources (uses)

(37,000)

661,323

(101,605)

522,718

Net change in fund balances

101,115

28,472

(1,080,387)

(950,800)

1,111,607

199,377

1,872,192

3,183,176

-

2,403,867

2,403,867

199,377

4,276,059

5,587,043

227,849

$ 3,195,672

$ 4,636,243

Expenditures
Current
General government
Public safety
Public works
Recreation and parks
Development and other
Capital outlay
General government
Public works
Recreation and parks
Debt service
Principal
Interest and other

Fund balances, beginning as previously reported
Change within financial reporting entity major to nonmajor fund (Note 17)
Fund balances, as restated
Fund balances, ending

1,111,607
$ 1,212,722

110

$

City of Spring Lake Park, Minnesota
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2025

Street
Lighting

Recycling
Assets
Cash and investments
Accounts receivable
Due from other funds
Total assets
Liabilities, deferred inflows of
resources, and fund balances
Liabilities
Accounts payable
Accrued payroll and taxes
Deposits and other liabilities
Due to other funds
Unearned revenue
Total liabilities

$

118,451
105,421
86

$

92,292
22,775
237

$

19,458
-

$

223,958

$

115,304

$

19,458

$

12,284
901
13,187
26,372

$

68
68

$

335
17,178
17,513

Fund balances
Restricted
Assigned
Total fund balances
Total liabilities, deferred inflows of
resources, and fund balances

Cable

197,586
197,586

$

111

223,958

115,236
115,236

$

115,304

1,945
1,945

$

19,458

Police Forfeiture

Police Reserves

Recreation

Tower Days

$

16,263
-

$

25,241
-

$

475,703
6
-

$

26,696
-

$

16,263

$

25,241

$

475,709

$

26,696

$

852
852

$

-

$

30,865
7,250
38,115

$

-

15,411
15,411

$

16,263

25,241
25,241

$

25,241

437,594
437,594

$

475,709

112

26,696
26,696

$

26,696

(Continued)

City of Spring Lake Park, Minnesota
Combining Balance Sheet
Nonmajor Special Revenue Funds
December 31, 2025

Assets
Cash and investments
Accounts receivable
Due from other funds
Total assets
Liabilities, deferred inflows of
resources, and fund balances
Liabilities
Accounts payable
Accrued payroll and taxes
Deposits and other liabilities
Due to other funds
Unearned revenue
Total liabilities

Traffic
Education

Emergency
Management

$

38,376
-

$

23,148
-

$

6,520
-

$

38,376

$

23,148

$

6,520

$

-

$

9

$

Fund balances
Restricted
Assigned
Total fund balances
Total liabilities, deferred inflows of
resources, and fund balances

-

38,376
38,376

$

113

38,376

Animal
Control

$

27
-

9

27

23,139
23,139

6,493
6,493

23,148

$

6,520

Comprehensive
Plan Update

Forestry

Developer's
Escrow

Public Safety
Aid

Total

$

11,344
-

$

119,367
-

$

138,701
360

$

194,294
-

$ 1,305,854
128,202
683

$

11,344

$

119,367

$

139,061

$

194,294

$ 1,434,739

$

-

$

-

$

343
138,718
139,061

$

-

11,344
11,344

$

11,344

119,367
119,367

$

119,367

-

$

139,061

114

$

$

44,448
1,236
138,718
30,365
7,250
222,017

194,294
194,294

90,313
1,122,409
1,212,722

194,294

$ 1,434,739

City of Spring Lake Park, Minnesota
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31, 2025

Recycling
Revenues
Property and franchise taxes
Intergovernmental revenue
Charges for services
Fines and forfeitures
Investment earnings
Other revenues

$

61,070
186,220
4,002
-

Street Lighting
$

39,714
3,143
-

Cable
$

5,109
624
-

Total revenues

251,292

42,857

5,733

Expenditures
Current
General government
Public safety
Public works
Recreation and parks
Development and other
Capital outlay
Recreation and parks

219,598

35,817
-

-

-

-

263

Total expenditures

219,598

35,817

297

Excess (deficiency) of revenues
over (under) expenditures

31,694

7,040

5,436

Other financing sources (uses)
Transfers from other funds
Transfers to other funds

(7,500)

-

-

Total other financing sources (uses)

(7,500)

-

-

Net change in fund balances

24,194

7,040

5,436

Fund balances, beginning

173,392

108,196

(3,491)

Fund balances, ending

$

115

197,586

$

115,236

34

$

1,945

Police Forfeiture

Police Reserves

Recreation

Tower Days

$

$

$

$

$

667
497
6,426

711
6,692

383,275
16,263
-

993
35,710

7,590

7,403

399,538

36,703

3,367
-

761
-

255,815
-

34,301

-

-

-

-

3,367

761

255,815

34,301

4,223

6,642

143,723

2,402

-

-

(62,500)

-

-

-

(62,500)

-

4,223

6,642

81,223

2,402

11,188

18,599

356,371

24,294

15,411

$

25,241

$

437,594

$

26,696

(Continued)

116

City of Spring Lake Park, Minnesota
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Special Revenue Funds
For the Year Ended December 31, 2025

Traffic
Education
Revenues
Property and franchise taxes
Intergovernmental revenue
Charges for services
Fines and forfeitures
Investment income
Other revenues

$

Total revenues

1,309
-

Emergency
Management
$

762
-

Animal
Control
$

239
-

1,309

762

239

Expenditures
Current
General government
Public safety
Public works
Recreation and parks
Development and other
Capital outlay
Recreation and parks

-

2,697
-

1,576
-

-

-

-

Total expenditures

-

2,697

1,576

Excess (deficiency) of revenues
over (under) expenditures

1,309

(1,935)

(1,337)

Other financing sources (uses)
Transfers from other funds
Transfers to other funds

-

2,000
-

1,000
-

Total other financing sources (uses)

-

2,000

1,000

Net change in fund balances

1,309

65

(337)

Fund balances, beginning

37,067

23,074

6,830

Fund balances, ending

$

117

38,376

$

23,139

$

6,493

Comprehensive
Plan Update
$

$

387
-

Forestry
$

3,450
50,000

Developer's
Escrow

Public Safety
Aid

$

$

-

7,131
-

Total
$

5,109
61,070
609,209
667
39,511
98,828

387

53,450

-

7,131

814,394

-

122,050
-

-

-

34
8,401
35,817
377,865
253,899

-

-

-

-

263

-

122,050

-

-

676,279

387

(68,600)

-

7,131

138,115

-

50,000
-

-

(20,000)

53,000
(90,000)

-

50,000

-

(20,000)

(37,000)

387

(18,600)

-

(12,869)

101,115

10,957

137,967

-

207,163

1,111,607

194,294

$ 1,212,722

11,344

$

119,367

$

-

118

$

City of Spring Lake Park, Minnesota
Combining Balance Sheet
Nonmajor Debt Service Funds
December 31, 2025

2013A G.O.
Capital
Improvement
Fire Bond

2016A North
Metro Telecommunications

Tax
Increment
Financing Legends of
SLP

$

-

$

-

$

78,470
-

Total assets

$

-

$

-

$

78,470

Liabilities, deferred inflows of
resources, and fund balances
Liabilities
Accounts payable

$

23,409

$

-

$

-

Assets
Cash and investments
Special assessments receivable
Due from other governmental units

Deferred inflows of resources
Unavailable revenue
Special assessments
Fund balances
Restricted
Unassigned
Total fund balances
Total liabilities, deferred inflows of
resources, and fund balances

$

119

-

-

-

(23,409)
(23,409)

-

78,470
78,470

-

$

-

$

78,470

2017A G.O.
Equipment
Certificates

2018A Blaine
Fire Debt
Service

2021A G.O.
Improvement
Refunding
Bonds

2024A G.O.
Improvement
Refunding
Bonds

$

-

$

-

$

-

$

165,970
319
6,818

$

244,440
319
6,818

$

-

$

-

$

-

$

173,107

$

251,577

$

-

$

-

$

-

$

-

$

23,409

$

Total

-

-

-

319

319

-

-

-

172,788
172,788

251,258
(23,409)
227,849

-

$

-

$

-

$

120

173,107

$

251,577

City of Spring Lake Park, Minnesota
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Debt Service Funds
For the Year Ended December 31, 2025

Revenues
Property taxes
Special assessments
Investment earnings

2013A G.O.
Capital
Improvement
Fire Bond

2016A North
Metro Telecommunications

Tax Increment
Financing Legends of
SLP

$

$

$

Total revenues

1,975

11

1,975

106,727
2,154

11

108,881

Expenditures
Current
Development and other
Debt service
Principal
Interest and other charges

-

-

147,955

45,900
917

-

-

Total expenditures

46,817

-

147,955

Excess (deficiency) of revenues
over (under) expenditures

(44,842)

11

(39,074)

Other financing sources (uses)
Transfers from other funds
Transfers to other funds

50,000
(77,590)

(337)

(3,000)

Total other financing sources (uses)

(27,590)

(337)

(3,000)

Net change in fund balances

(72,432)

(326)

(42,074)

Fund balances, beginning

49,023

326

120,544

Fund balances, ending

$

121

(23,409)

$

-

$

78,470

2017A G.O.
Equipment
Certificates

2018A Blaine
Fire Debt
Service

2021A G.O.
Improvement
Refunding
Bonds

2024A G.O.
Capital
Improvement
Plan Bonds

$

$

$

$

$

605

-

28
26,089
3,213

277,509
59

Total
$

384,264
26,089
8,017

605

-

29,330

277,568

418,370

-

-

-

-

147,955

-

-

275,000
5,500

240,000
335,949

560,900
342,366

-

-

280,500

575,949

1,051,221

605

-

(251,170)

(298,381)

(632,851)

(17,737)

27,462
-

91,836
-

590,689
-

759,987
(98,664)

(17,737)

27,462

91,836

590,689

661,323

(17,132)

27,462

(159,334)

292,308

28,472

17,132

(27,462)

159,334

(119,520)

199,377

-

$

-

$

-

$

122

172,788

$

227,849

City of Spring Lake Park, Minnesota
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2025

State Aid
Street Fund

Street
Sealcoating

Capital
Replacement

Right of Way

$

279,266
-

$

278,674
20,752
-

$

456,227
-

$

2,122
-

Total assets

$

279,266

$

299,426

$

456,227

$

2,122

Liabilities and fund balances
Liabilities
Accounts payable

$

-

$

-

$

-

$

-

Assets
Cash and investments
Accounts receivable
Due from other governmental units

Fund balances
Restricted
Assigned
Total fund balances
Total liabilities and fund balances

279,266
279,266
$

279,266

123

299,426
299,426
$

299,426

456,227
456,227
$

456,227

2,122
2,122
$

2,122

Building
Maintenance

Public Safety
Replacement

City Hall
Renovation

$

224,052
-

$

135,689
-

$ 1,204,803
-

$

224,052

$

135,689

$ 1,204,803

$

6,304

$

-

217,748
217,748
$

224,052

$

$

1,449

135,689
135,689

1,203,354
1,203,354

135,689

$ 1,204,803

(Continued)

124

City of Spring Lake Park, Minnesota
Combining Balance Sheet
Nonmajor Capital Project Funds
December 31, 2025

Park Special
Projects

Park
Acquisition
and
Improvement

Lakeside
Lions Park
Improvement

Small
Equipment

$

7,735
-

$

92,343
-

$

24,089
-

$

7,459
11,319
-

Total assets

$

7,735

$

92,343

$

24,089

$

18,778

Liabilities and fund balances
Liabilities
Accounts payable

$

-

$

-

$

-

$

9,043

Assets
Cash and investments
Accounts receivable
Due from other governmental units

Fund balances
Restricted
Assigned
Total fund balances
Total liabilities and fund balances

7,735
7,735
$

7,735

125

92,343
92,343
$

92,343

24,089
24,089
$

24,089

9,735
9,735
$

18,778

Park
Equipment
and
Improvement

Equipment

$

312,476
400
-

$

41,599
145,000
2,179

$ 3,066,534
177,471
2,179

$

312,876

$

188,778

$ 3,246,184

$

-

$

33,716

$

312,876
312,876
$

312,876

$

Total

50,512

155,062
155,062

403,433
2,792,239
3,195,672

188,778

$ 3,246,184

126

City of Spring Lake Park, Minnesota
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Capital Project Funds
For the Year Ended December 31, 2025

Revenues
Property taxes
Intergovernmental revenues
Charges for services
Investment earnings
Other revenues

State Aid
Street Fund

Street
Sealcoating

Capital
Replacement

Right of Way

$

$

$

$

Total revenues

107,190
8,935
-

82,836
31,850
-

15,616
-

73
-

116,125

114,686

15,616

73

42,234
-

172,819
-

3,301
-

-

-

-

-

-

Total expenditures

42,234

172,819

3,301

-

Excess (deficiency) of revenues
over (under) expenditures

73,891

(58,133)

12,315

73

Other financing sources (uses)
Transfers from other funds
Transfers to other funds

(25,000)

50,000
-

-

-

Total other financing sources (uses)

(25,000)

50,000

-

-

Net change in fund balances

48,891

(8,133)

12,315

73

Fund balances, beginning as
previously reported

230,375

307,559

443,912

2,049

Change within financial reporting entity major to nonmajor fund (Note 17)

-

-

-

-

Fund balances, beginning, as restated

230,375

307,559

443,912

2,049

Expenditures
Current
General government
Public safety
Public works
Recreation and parks
Capital outlay
General government
Public works
Recreation and parks

Fund balances, ending

$

279,266

127

$

299,426

$

456,227

$

2,122

Building
Maintenance

Public Safety
Replacement

City Hall
Renovation

$

$

$

$

7,530
584

4,342
-

54,481
-

8,114

4,342

54,481

13,643
-

694
-

49,547
-

12,000
-

-

926,422
-

25,643

694

975,969

(17,529)

3,648

(921,488)

15,420
-

12,000
-

(279,025)

15,420

12,000

(279,025)

(2,109)

15,648

(1,200,513)

219,857

120,041

-

-

2,403,867

219,857

120,041

2,403,867

135,689

$ 1,203,354

217,748

$

-

(Continued)

128

City of Spring Lake Park, Minnesota
Combining Statement of Revenues, Expenditures
and Changes in Fund Balances
Nonmajor Capital Project Funds
For the Year Ended December 31, 2025

Revenues
Property taxes
Intergovernmental revenues
Charges for services
Investment earnings
Other revenues

Park Special
Projects

Park
Acquisition
and
Improvement

Lakeside
Lions Park
Improvement

Small
Equipment

$

$

$

$

Total revenues

208
256
7,929

3,481
169,729

821
-

426
11,319

8,393

173,210

821

11,745

Expenditures
Current
General government
Public safety
Public works
Recreation and parks
Capital outlay
General government
Public works
Recreation and parks

366

7,435

-

19,861

7,748

258,014

-

-

Total expenditures

8,114

265,449

-

19,861

Excess (deficiency) of revenues
over (under) expenditures

279

(92,239)

821

(8,116)

Other financing sources (uses)
Transfers from other funds
Transfers to other funds

-

-

-

-

Total other financing sources (uses)

-

-

-

-

Net change in fund balances

279

(92,239)

821

(8,116)

Fund balances, beginning as
previously reported

7,456

184,582

23,268

17,851

Change within financial reporting entity major to nonmajor fund (Note 17)

-

-

-

-

Fund balances, beginning, as restated

7,456

184,582

23,268

17,851

Fund balances, ending

$

7,735

129

$

92,343

$

24,089

$

9,735

Park
Equipment
and
Improvement

Equipment

$

$

$

7,763
4,905

121,373
290,000
412
57,147

Total
$

121,373
397,190
83,044
135,986
251,613

12,668

468,932

989,206

9,300

-

49,547
694
231,997
36,962

14,109

430,495
-

926,422
442,495
279,871

23,409

430,495

1,967,988

(10,741)

38,437

(978,782)

100,000
-

25,000
-

202,420
(304,025)

100,000

25,000

(101,605)

89,259

63,437

(1,080,387)

223,617

91,625

1,872,192

-

-

2,403,867

223,617

91,625

4,276,059

155,062

$ 3,195,672

312,876

$

130

This Page Left Blank Intentionally

City of Spring Lake Park, Minnesota
Other Report Section
December 31, 2025

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Independent Auditor’s Report on Internal Control Over Financial Reporting and on Compliance
and Other Matters Based on an Audit of Financial Statements Performed in Accordance with
Government Auditing Standards
To the Honorable Mayor and
Members of the City Council
City of Spring Lake Park, Minnesota
We have audited, in accordance with auditing standards generally accepted in the United States
of America and the standards applicable to financial audits contained in Government Auditing
Standards issued by the Comptroller General of the United States (Government Auditing
Standards), the financial statements of the governmental activities, the business-type activities,
each major fund, and the aggregate remaining fund information of the City of Spring Lake Park,
Minnesota (the City) as of and for the year ended December 31, 2025, and the related notes to
financial statements, which collectively comprise the City of Spring Lake Park, Minnesota's basic
financial statements, and have issued our report thereon dated September 8, 2026.
Report on Internal Control over Financial Reporting
In planning and performing our audit of the financial statements, we considered the City of Spring
Lake Park, Minnesota's internal control over financial reporting (internal control) as a basis for
designing audit procedures that are appropriate in the circumstances for the purpose of
expressing our opinions on the financial statements, but not for the purpose of expressing an
opinion on the effectiveness of the City's internal control over financial reporting. Accordingly, we
do not express an opinion on the effectiveness of the City of Spring Lake Park, Minnesota's
internal control over financial reporting.
A deficiency in internal control over financial reporting exists when the design or operation of a
control does not allow management or employees, in the normal course of performing their
assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A
material weakness is a deficiency, or a combination of deficiencies, in internal control over
financial reporting such that there is a reasonable possibility that a material misstatement of the
City's financial statements will not be prevented, or detected and corrected on a timely basis. A
significant deficiency is a deficiency, or a combination of deficiencies, in internal control over
financial reporting that is less severe than a material weakness, yet important enough to merit
attention by those charged with governance.
Our consideration of internal control over financial reporting was for the limited purpose
described in the first paragraph of this section and was not designed to identify all deficiencies
in internal control over financial reporting that might be material weaknesses or significant
deficiencies and, therefore, material weaknesses or significant deficiencies may exist that were
not identified. We identified a certain deficiency in internal control, described in the
accompanying schedule of findings and responses as item 2025-001 that we consider to be a
material weakness.

134

To the Honorable Mayor and
Members of the City Council
City of Spring Lake Park, Minnesota
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City's financial statements are
free from material misstatement, we performed tests of its compliance with certain provisions of
laws, regulations, contracts and grant agreements, noncompliance with which could have a
direct and material effect on the financial statements. However, providing an opinion on
compliance with those provisions was not an objective of our audit and, accordingly, we do not
express such an opinion. The results of our tests disclosed no instances of noncompliance or
other matters that are required to be reported under Government Auditing Standards.
Minnesota Legal Compliance
In connection with our audit, nothing came to our attention that caused us to believe that the
City of Spring Lake Park, Minnesota failed to comply with the provisions of the contracting – bid
laws, depositories of public funds and public investments, conflicts of interest, public
indebtedness, claims and disbursements, miscellaneous provisions, and tax increment financing
sections of the Minnesota Legal Compliance Audit Guide for Cities, promulgated by the State
Auditor pursuant to Minn. Stat. § 6.65, insofar as they relate to accounting matters. However,
our audit was not directed primarily toward obtaining knowledge of such noncompliance.
Accordingly, had we performed additional procedures, other matters may have come to our
attention regarding the City’s noncompliance with the above reference provisions, insofar as
they relate to accounting matters.
City’s Response to Findings
Government Auditing Standards requires the auditor to perform limited procedures on the City’s
response to the findings identified in our audit and described in the accompanying Schedule of
Findings and Responses. The City of Spring Lake Park, Minnesota's response was not
subjected to the other auditing procedures applied in the audit of the financial statements and,
accordingly, we express no opinion on the response.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control over
financial reporting and compliance and the provisions of the Minnesota Legal Compliance Audit
Guide for Cities and the results of that testing, and not to provide an opinion on the
effectiveness of the City's internal control over financial reporting or on compliance. This report
is an integral part of an audit performed in accordance with Government Auditing Standards in
considering the City's internal control over financial reporting and compliance. Accordingly, this
communication is not suitable for any other purpose.

Minneapolis, Minnesota
September 8, 2026

135

City of Spring Lake Park
Summary Schedule of Prior Audit Findings
Year Ended December 31, 2025
Findings – Financial Statement Audit
2013-002
2014-002
2015-002
2016-002
2017-002
2018-002
2019-002
2020-002
2021-002
2022-001
2023-001
2024-001

Material Audit Adjustments
Condition: During our audit we proposed audit adjustments that resulted in
material changes to the City’s financial statements. These audit adjustments
related to incorrect coding of construction in progress, corrections of improper
receivable and payable balances, and various balance sheet accounts that
were not analyzed.
Criteria: Management is responsible for the design, implementation, and
maintenance of internal controls relevant to the preparation and fair
presentation of financial statements that are free from material misstatement,
whether due to fraud or error.
Effect: A control deficiency exists when the design or operation of a control
does not allow management or employees in the normal course of performing
their assigned functions to prevent or detect misstatements of the financial
statements on a timely basis. One control deficiency that typically is considered
significant is the identification by the auditor of a misstatement in the financial
statements not initially identified by the entity’s internal controls. This could
affect the City’s ability to initiate, record, process, and report financial data
consistent with the assertions of management in the financial statements.
Cause: There is limited number of administrative staff and it would not be
practical for the City to devote resources required to overcome this limitation.
Recommendation: We recommend management develop an accounting
policy and procedures manual to assist with ensuring that all transactions are
recorded consistently and that the information necessary to prepare an
accurate unaudited trial balance is gathered in an organized and efficient
manner and provided to the auditor.
Views of Responsible Officials and Planned Corrective Action:
Management agrees with the recommendation. See corresponding Corrective
Action Plan.
136

City of Spring Lake Park
Schedule of Findings and Responses
Year Ended December 31, 2025
Findings – Financial Statement Audit
2025-001

Material Audit Adjustments
Condition: During our audit we proposed audit adjustments that resulted
in material changes to the City’s financial statements. These audit
adjustments related to incorrect coding of construction in progress,
corrections of improper receivable and payable balances, and various
balance sheet accounts that were not analyzed. In addition, there was
one adjusting journal entry which resulted in a correction of the prior year
financial statements.
Criteria: Management is responsible for the design, implementation, and
maintenance of internal controls relevant to the preparation and fair
presentation of financial statements that are free from material
misstatement, whether due to fraud or error.
Effect: A control deficiency exists when the design or operation of a
control does not allow management or employees in the normal course of
performing their assigned functions to prevent or detect misstatements of
the financial statements on a timely basis. One control deficiency that
typically is considered significant is the identification by the auditor of a
misstatement in the financial statements not initially identified by the
entity’s internal controls. This could affect the City’s ability to initiate,
record, process, and report financial data consistent with the assertions of
management in the financial statements.
Cause: There is a limited number of administrative staff and it would not
be practical for the City to devote resources required to overcome this
limitation.
Recommendation: We recommend management develop an accounting
policy and procedures manual to assist with ensuring that all transactions
are recorded consistently and that the information necessary to prepare
an accurate unaudited trial balance is gathered in an organized and
efficient manner and provided to the auditor.
Views of Responsible Officials and Planned Corrective Action:
Management agrees with the recommendation. See corresponding
Corrective Action Plan.

137

Spring Lake Park
History. Community. Home.

Corrective Action Plan (CAP):
The City respectfully submits the following corrective action plan for the year ended December
31, 2025.
The findings from the schedule of findings and responses are discussed below. The findings are
numbered consistently with the number assigned in the schedule.
RESPONSE: FINDING 2025-001
Explanation of Disagreement with Audit Finding:
There is no disagreement with the audit finding.
Actions Planned in Response to Finding:
Management agrees with our recommendation and will continue to develop policies and
procedures to assist with ensuring that all transactions are recorded consistently. City
management and accounting personnel review the proposed audit adjustments. Management
and accounting personnel will review the proposed adjustments for accuracy prior to issuance of
the statements.
Official Responsible for Ensuring CAP:
Daniel Buchholtz, City Administrator/Clerk-Treasurer, is the official responsible for ensuring the
planned response.
Planned Completion Date for CAP:
Not applicable as the City is willing to accept this risk and will continue to evaluate the
recommendation.
Plan to Monitor Completion of CAP:
Not applicable as the City is willing to accept the risk and will continue to evaluate the
recommendation.

City of Spring Lake Park
1301 81st Avenue NE I Spring Lake Park, MN 55432
P) 763-784-6491 F) 763-792-7257
www.slpmn.org

138

September 8, 2026
Honorable Mayor and City Council
City of Spring Lake Park
1301 - 81st Avenue NE
Spring Lake Park, Minnesota 55432
We have audited the financial statements of the City of Spring Lake Park (the "City") as of and for the
year ended December 31, 2025, and have issued our report thereon dated September 8, 2026.
Professional standards require that we advise you of the following matters relating to our audit.
Our Responsibility in Relation to the Financial Statement Audit
As communicated in our engagement letter dated January 5, 2026, our responsibility, as described by
professional standards, is to form and express an opinion(s) about whether the financial statements that
have been prepared by management with your oversight are presented fairly, in all material respects, in
accordance with accounting principles generally accepted in the United States of America and
Government Auditing Standards. Our audit of the financial statements does not relieve you or
management of your respective responsibilities.
Our responsibility, as prescribed by professional standards, is to plan and perform our audit to obtain
reasonable, rather than absolute, assurance about whether the financial statements are free of material
misstatement. An audit of the financial statements includes consideration of the system of internal control
over financial reporting as a basis for designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's
internal control over financial reporting. Accordingly, as part of our audit, we considered the system of
internal control of City of Spring Lake Park solely for the purpose of determining our audit procedures
and not to provide any assurance concerning such internal control.
We are also responsible for communicating significant matters related to the audit that are, in our
professional judgment, relevant to your responsibilities in overseeing the financial reporting process.
However, we are not required to design procedures for the purpose of identifying other matters to
communicate to you.
We have provided our findings regarding significant control deficiencies over financial reporting and other
matters noted during our audit in a separate letter to you dated September 8, 2026.
Planned Scope and Timing of the Audit
We conducted our audit consistent with the planned scope and timing we previously communicated to
you in the engagement letter dated January 5, 2026.
Compliance with All Ethics Requirements Regarding Independence
The engagement team, others in our firm, as appropriate, our firm, and our network firms have complied
with all relevant ethical requirements regarding independence.

1

Significant Risks Identified
We have identified the following significant risks:


Material audit adjustments, which requires special audit consideration due to the potential
magnitude of misstatement.



Management override of controls is an issue for any entity of your size. Management's awareness
of the risks was considered and there was no reliance on any controls in place during the audit.



Receivables and related revenue recognition, which require special audit consideration due to the
potential magnitude of misstatement.

Qualitative Aspects of the Entity's Significant Accounting Practices
Significant Accounting Policies
Management has the responsibility to select and use appropriate accounting policies. A summary of the
significant accounting policies adopted by the City is included in Note 1 to the financial statements. There
have been no initial selection of accounting policies and no changes in significant accounting policies or
their application during the year ended December 31, 2025. No matters have come to our attention that
would require us, under professional standards, to inform you about (1) the methods used to account for
significant unusual transactions and (2) the effect of significant accounting policies in controversial or
emerging areas for which there is a lack of authoritative guidance or consensus.
Significant Accounting Estimates and Related Disclosures
Accounting estimates and related disclosures are an integral part of the financial statements prepared by
management and are based on management's current judgments. Those judgments are normally based
on knowledge and experience about past and current events and assumptions about future events.
Certain accounting estimates are particularly sensitive because of their significance to the financial
statements and because of the possibility that future events affecting them may differ markedly from
management's current judgments.
The most sensitive accounting estimates affecting the financial statements are:
Net pension liability
Management's estimate of the net pension liability is actuarially determined. We have evaluated the
estimates used in the study and determined they were reasonable in relation to the basic financial
statements taken as a whole and in relation to the applicable opinion units.
Depreciation of capital assets
Management's estimate of the useful life of purchased, constructed or contributed capital assets is
based on the estimated productive life of these assets. We evaluated key factors and assumptions
used to develop the estimated useful lives assigned to capital assets and determined that it is
reasonable in relation to the basic financial statements taken as a whole and in relation to the
applicable opinion units.
Financial Statement Disclosures
Certain financial statement disclosures involve significant judgment and are particularly sensitive
because of their significance to financial statement users. The financial statement disclosures are neutral,
consistent, and clear.
2

Significant Difficulties Encountered during the Audit
We encountered no significant difficulties in dealing with management relating to the performance of the
audit.
Uncorrected and Corrected Misstatements
For purposes of this communication, professional standards also require us to accumulate all known and
likely misstatements identified during the audit, other than those that we believe are trivial, and
communicate them to the appropriate level of management. In addition, professional standards require
us to communicate to you all material, corrected misstatements that were brought to the attention of
management as a result of our audit procedures. All material misstatements that we identified as a result
of our audit procedures were brought to the attention of, and were corrected by, management.
Disagreements with Management
For purposes of this letter, professional standards define a disagreement with management as a matter,
whether or not resolved to our satisfaction, concerning a financial accounting, reporting, or auditing
matter, which could be significant to City of Spring Lake Park's financial statements or the auditor's report.
No such disagreements arose during the course of the audit.
Representations Requested from Management
We have requested certain written representations from management, which are included in our separate
letter dated September 8, 2026.
Management's Consultations with Other Accountants
In some cases, management may decide to consult with other accountants about auditing and accounting
matters. Management informed us that, and to our knowledge, there were no consultations with other
accountants regarding auditing and accounting matters.
Other Significant Matters, Findings, or Issues
In the normal course of our professional association with City of Spring Lake Park, we generally discuss
a variety of matters, including the application of accounting principles and auditing standards, significant
events or transactions that occurred during the year, operating and regulatory conditions affecting the
entity, and operational plans and strategies that may affect the risks of material misstatement. None of
the matters discussed resulted in a condition to our retention as City of Spring Lake Park's auditors.
This report is intended solely for the information and use of the Honorable Mayor and City Council, and
management of City of Spring Lake Park and is not intended to be and should not be used by anyone
other than these specified parties.
Very truly yours,

3

September 8, 2026
Honorable Mayor and Members of the City Council
City of Spring Lake Park, Minnesota
In planning and performing our audit of the basic financial statements of City of Spring Lake Park (the
"City") as of and for the year ended December 31, 2025, in accordance with auditing standards generally
accepted in the United States of America and the standards applicable to financial audits contained in
Government Auditing Standards, issued by the Comptroller General of the United States, we considered
City of Spring Lake Park's internal control over financial reporting ("internal control") as a basis for
designing audit procedures that are appropriate in the circumstances for the purpose of expressing our
opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness
of the entity's internal control. Accordingly, we do not express an opinion on the effectiveness of City of
Spring Lake Park's internal control over financial reporting.
Our consideration of internal control was for the limited purpose described in the preceding paragraph
and was not designed to identify all deficiencies in internal control that might be significant deficiencies
or material weaknesses and therefore, significant deficiencies or material weaknesses may exist that
have not been identified. However, as discussed below, we identified a certain deficiency in internal
control that we consider to be a material weakness.
A deficiency in internal control exists when the design or operation of a control does not allow
management or employees, in the normal course of performing their assigned functions, to prevent, or
detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control over financial reporting, such that there is a reasonable
possibility that a material misstatement of the entity's financial statements will not be prevented, or
detected and corrected on a timely basis. A reasonable possibility exists when the likelihood of an event
occurring is either reasonably possible or probable as defined as follows:


Reasonably possible. The chance of the future event or events occurring is more than remote but
less than likely.



Probable. The future event or events are likely to occur.

We consider the following deficiency in the City of Spring Lake Park's internal control to be a material
weakness:
Material Audit Adjustments
The City currently relies upon its independent accountants to assist with adjustments to and preparation
of the City's unaudited trial balance. In addition, there was one adjusting journal entry which resulted in
a correction of the prior year financial statements. Therefore, there is a reasonable possibility that a
material misstatement of the City's financial statements will not be prevented, or detected and corrected,
on a timely basis by City personnel. Management should attempt to develop a financial accounting
reporting staff and an accounting procedures manual to assist with ensuring that all information
necessary to prepare an accurate unaudited trial balance is gathered in an organized and efficient
manner. This will help ensure that any potential material misstatements are detected and corrected on a
timely basis.

1

This communication is intended solely for the information and use of the Honorable Mayor and Members
of the City Council, and management of the City of Spring Lake Park, the Minnesota State Auditor's Office
and federal awarding agencies and pass-through entities and is not intended to be, and should not be,
used by anyone other than these specified parties.
The purpose of this communication, which is an integral part of our audit, is to describe for management
and those charged with governance the scope of our testing of internal control and the results of that
testing. Accordingly, this communication is not intended to be and should not be used for any other
purpose.

2

OFFICIAL PROCEEDINGS
Pursuant to due call and notice thereof, the regularly scheduled meeting of the Spring Lake Park City Council
was held on September 8, 2026 at Spring Lake Park Community Center, 1301 81st Avenue N.E., at 7:00 PM.
1.

CALL TO ORDER

Mayor Nelson called the meeting to order at 7:00 PM.
2.

ROLL CALL

MEMBERS PRESENT
Councilmember Ken Wendling
Councilmember Barbara Goodboe-Bisschoff
Councilmember Lisa Dircks
Councilmember April Moran
Mayor Bob Nelson
MEMBERS ABSENT
STAFF PRESENT
Code Enforcement Inspector Ethan Wirtz, Public Works Director George Linngren, Attorney John
Thames, Officer Charlie Bloomer, Engineer Phil Gravel, Administrator Daniel Buchholtz
VISITORS
Erin Perdu
Halyn Roth
Rick Frith
Emily Lambert
Jaycee Kilborn
C Meyer
Kristi Cobbs
Michelle Oler
Eric Julien
Rick Goldstein
Kristi Goldstein
Addie Davis
Karen Aalund
Cheri Haram
Nicole Oughton
Kristen Larson
Johanna Richards

Stantec
7914 Able Street NE
8299 Central Avenue NE
8299 Central Avenue NE
351 79th Avenue NE
459 81st Avenue NE
8085 Jefferson Street NE
700 Holland Lane NE
700 Holland Lane NE
466 Manor Drive NE
466 Manor Drive NE
8007 6th Street NE
1424 80th Avenue NE
8013 6th Street NE
7992 Quincy Street NE
451 Maple Street NE
8035 Benjamin Street NE

3.

PLEDGE OF ALLEGIANCE

4.

ADDITIONS OR CORRECTIONS TO AGENDA - None

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Spring Lake Park MN
Spring Lake Park MN
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OFFICIAL PROCEEDINGS

5.

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September 8, 2026

DISCUSSION FROM THE FLOOR
Jaycee Kilborn, 351 79th Avenue NE, expressed concern that proposed changes to restrict or
move public comment during council meetings would reduce opportunities for residents to
share input on issues that directly affect them. She stated that limiting comments on agenda
items or reducing discussion-from-the-floor time contradicts the Council’s stated values of
accountability, impartiality, and serving the public interest. She emphasized that public
participation is essential to democratic governance and urged the Council to preserve
meaningful opportunities for residents to speak during meetings.
Kristi Cobbs, 8035 Jefferson Street NE, asked the Council to postpone any additional funding for
the Flock camera system until the results of the independent October audit are available. She
noted that other Minnesota communities have reconsidered or ended use of similar technology
due to privacy and data-sharing concerns. She urged the Council to wait for the audit findings
before making further financial commitments, stating that doing so would allow for a more
informed and responsible decision.
Karen Aalund, 1424 80th Avenue NE, raised concerns about pavement gouges left after fiber
optic installation on Hayes, Garfield, and 80th. She noted that despite reporting the issue in
2024 and providing photos, no repairs have been made and communication from the city has
been minimal. Because residents are still paying assessments for the street project, she
requested that the city pursue corrective repairs from the fiber optic contractor responsible.
Colleen Meyer, 459 81st Avenue NE, urged the Council not to expand the Flock Safety camera
program, citing concerns about privacy, data sharing, and the potential for outside agencies to
access information collected in Spring Lake Park. She referenced Fridley’s experience, where
Flock data was accessed hundreds of thousands of times by external law enforcement and later
required significant restrictions to protect privacy. She noted that other Minnesota
communities, including Sherburne County and Columbia Heights, have chosen not to
participate due to similar concerns. She asked the Council to prioritize public trust and carefully
weigh the risks before committing additional resources to the system.
Addie Davis, 8007 6th Street NE, shared concerns from the disability advocacy community,
stating that Flock Safety cameras may inadvertently violate ADA principles by enabling
unintended tracking of disabled individuals who rely on micro-transit and non-emergency
medical transportation. She explained that such monitoring could reveal sensitive information
about the services and supports disabled residents use, compromising their privacy and access
to public spaces without surveillance. She said as a parent of a vulnerable child who relies
heavily on these services, she urged the Council to consider how expanded camera use could
disproportionately affect disabled residents and their right to move through the community
without being monitored.

OFFICIAL PROCEEDINGS

PAGE 3

September 8, 2026

Nicole Auden, 7992 Quincy Street NE, asked the Council to reconsider expanding the Flock
camera program, particularly given current budget pressures. She questioned whether
investing thousands of dollars in surveillance technology—currently facing lawsuits and
potential federal restrictions—is prudent when other departments are facing cuts. She also
expressed concern about proposals to move public comment to the end of council meetings,
noting that residents need the opportunity to speak before votes are taken in order to provide
meaningful input.
6.

CONSENT AGENDA
A. Approval of Minutes - Council Work Session - August 3, 2026
B. Approval of Minutes - City Council Meeting - August 3, 2026
C. Approval of Minutes - Council Work Session - August 17, 2026
D. Approval of Minutes – City Council Meeting - August 17, 2026
E. Approval of Minutes – Special Council Meeting – August 24, 2026
F. Approval of Minutes – Joint Work Session – August 24, 2026
G. Resolution 2026-36, Accepting Donation from Keith Schweiger for Police Department Flock
Camera Program
H. Resolution 2026-37, Appointing Election Judges for 2026 General Election
I. Contractor Request for Payment #15, #16 and #17 – Final – City Hall Renovation/Expansion
Project - $243,573.71
J. Authorization to Begin Sergeant Promotional Process
K. Approval of Right-of-Way Application – CenterPoint Energy
L. Approval of Right-of-Way Application – Xcel Energy
M. Approval of Right-of-Way Application – Xcel Energy
N. Contractor’s Licenses
Motion made by Councilmember Dircks to table and refer Resolution 2026-36, Accepting
Donation from Keith Schweiger for Police Department Flock Camera Program to a Council Work
Session.
Mayor Nelson and Administrator Buchholtz discussed the legal framework and departmental
policies governing the use of Flock automated license plate readers. Administrator Buchholtz
explained that only authorized, trained personnel may access the system, and every search
must be documented with a legitimate law enforcement purpose. Buchholtz noted that all
access and data sharing are logged, and Minnesota law strictly limits how automated license
plate reader data can be used, including prohibiting sharing for immigration enforcement or
facial recognition. He said misuse of the system can jeopardize an officer’s POST license,
effectively disqualifying them from serving as a peace officer.
Administrator Buchholtz added that Spring Lake Park shares data only with Minnesota law
enforcement agencies and that the city maintains a public transparency portal outlining its
policies. He stated that data is limited to images of rear license plates, retained for 30 days, and
automatically purged. Mayor Nelson emphasized that the city does not share information with
federal immigration authorities, that the system has been helpful in investigations, and that

OFFICIAL PROCEEDINGS

PAGE 4

September 8, 2026

practices across Minnesota communities vary and continue to evolve. He recommended
providing a full update at a future meeting when the Police Chief is present to address privacy
safeguards and answer further questions directly.
Voting Aye: Councilmember Wendling, Councilmember Goodboe-Bisschoff, Councilmember
Dircks, Councilmember Moran, Mayor Nelson. Motion carried.
Motion made by Councilmember Wendling to approve the Consent Agenda, as amended.
Voting Aye: Councilmember Wendling, Councilmember Goodboe-Bisschoff, Councilmember
Dircks, Councilmember Moran, Mayor Nelson. Motion carried.
7.

DEPARTMENT REPORTS
A. Public Works Report
Public Works Director Linngren reported that the Department successfully concluded the
summer season, supported by an expanded team of seasonal workers. He stated that the
remaining summer tasks, such as curb painting and yellow patching, are ongoing. He said
the Department is now shifting focus to street sweeping in anticipation of early snowfall.
Linngren reported a significant sinkhole discovered on 81st Avenue NE and Monroe Street
NE, approximately six to eight feet deep. He said the Department has temporarily filled the
void and is monitoring it while awaiting contractors to complete grouting and long-term
repairs within the coming weeks.
B. Code Enforcement Report
Code Enforcement and Housing Inspector Ethan Wirtz reported that 42 permits were issued
in August, compared to 54 in the same month the previous year. He noted that 130
inspections were conducted and 11 administrative citations issued for noncompliance.
Wirtz introduced a destruction letter for 8280 Taylor Street, explaining that the property
has been the subject of ongoing grass, weeds, junk, and debris violations since May 27, with
12 site visits conducted. After consulting the City Attorney, staff determined that a
destruction letter would be the most efficient method to move forward with abatement.
Inspector Wirtz reported that the property on Taylor Street has been under active
enforcement for approximately 12 weeks, with weekly inspections and no compliance from
the owner. He stated that despite repeated attempts—including posted orders, door
knocks, phone calls, and administrative citations—the owner has not responded. He noted
that the violations have escalated from tall grass and weeds to junk and debris, including a
mattress that was moved from the driveway into the backyard, where inspectors cannot
enter without permission. Mr. Wirtz stated due to the persistent noncompliance and
repeated complaints from neighbors, the case was referred to the City Attorney, and staff

OFFICIAL PROCEEDINGS

PAGE 5

September 8, 2026

determined that issuing a destruction letter is the most effective next step to proceed with
abatement.
Inspector Wirtz also provided construction updates: a permit has been issued for Unit 120
at 1313 Osborne Road; the Noshmi Restaurant at 8299 University Avenue has completed
plan review and received a building permit; and the event center at 77 Highway 65, Unit C
continues work on CUP requirements, with plan review completed and plumbing rough-ins
finished.
8.

ORDINANCES AND/OR RESOLUTIONS
A. Resolution 2026-38, Approving a Comprehensive Plan Amendment to Amend the Future
Land Use Map for 8299 Central Avenue NE
City Planner Erin Perdu presented four related requests submitted by Substance Church to
support the establishment of a daycare facility within its existing building located at 8299
Center Avenue. She stated the proposal requires three approvals: a comprehensive plan
amendment to change the property’s future land use designation from Commercial
Industrial to Commercial, a rezoning from Light Industrial (I-1) to Shopping Center
Commercial (C-1), and a conditional use permit for a child care facility.
Planner Perdu explained that the church intends to allocate approximately 5,000 square
feet of its existing 100,000-square-foot building for the daycare, using current classrooms
and support spaces with no expansion of the structure. She noted that any modifications
would be limited to meeting state licensing requirements, and that the church would
continue operating under its 2014 special use permit.
Planner Perdu noted that the property’s location near the intersection of Central and Trunk
Highway 10 offers convenient access and that surrounding land uses include commercial,
industrial, transportation-related, and institutional facilities. She said that the requested
future land use amendment aligns better with the existing and proposed uses, as the
Commercial designation supports services and institutional uses such as churches and
childcare facilities. She noted that rezoning to C-1 would also align the property's zoning
with its current and proposed functions, since childcare is not permitted within the I1
district.
Planner Perdu stated that the conditional use permit application meets all ordinance
requirements. She noted that the proposed outdoor play area meets setback standards and
is adequately sized for the planned capacity of 42 children. She said the site includes
sufficient parking and a designated drop-off and pick-up area. She said that staff found no
anticipated negative impacts to surrounding properties and recommended verification of
daycare licensing, staffing, and on-site circulation prior to issuance of a certificate of
occupancy.

OFFICIAL PROCEEDINGS

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September 8, 2026

Planner Perdu stated that the Planning Commission held a public hearing on August 24 and
recommended approval of all requests. She said that an added condition stating that any
future expansion of the daycare operation would require an amendment to the conditional
use permit, with only that permit needing review and approval.
Planner Perdu stated that staff recommends approval of the comprehensive plan
amendment, rezoning, and conditional use permit, subject to conditions including
submission of the amendment to the Metropolitan Council and acquisition of all applicable
permits and licenses. Perdu noted that the rezoning would be contingent upon approval of
the comprehensive plan amendment.
Mayor Nelson inquired about spot zoning. Planner Perdu clarified that the requested
amendments—changing the future land use designation to Commercial and rezoning the
property to C-1—are consistent with surrounding land uses and with the existing
institutional use of the site. She said that because the changes align with the character of
the area and support uses already present on the property, staff concluded that the action
does not represent spot zoning.
Councilmember Goodboe-Bisschoff inquired whether the proposed childcare facility at
Substance Church would operate as a for-profit business. Rick Frith, speaking on behalf of
Substance Church, clarified that the childcare program would be established as a nonprofit
organization focused on serving families and children in the community. He noted that
while families would pay tuition, any revenue would be used solely to cover operational
costs and support future program expansion. Mr. Frith emphasized that the service would
be open to the broader community, not limited to church members, and that state licensing
requirements currently limit capacity to 42 children.
Mr. Rick Firth, representing Substance Church, explained that the proposed childcare facility
is intended as an extension of the church’s ongoing efforts to support families and children.
He stated that the church wishes to make fuller use of its existing facility by offering
weekday childcare services that meet a demonstrated community need. Firth emphasized
the church’s interest in strengthening its partnership with the City of Spring Lake Park and
contributing positively to the community’s quality of life. He noted that the childcare
program aims to provide affordable, high-quality service and that any revenue would be
reinvested into expanding opportunities for local families. Firth expressed hope that the
project would also support the surrounding neighborhood and generate broader economic
benefits for the community.
Motion made by Mayor Nelson to approve Resolution 2026-38, Approving a Comprehensive
Plan Amendment to Amend the Future Land Use Map for 8299 Central Avenue NE.
Voting Aye: Councilmember Wendling, Councilmember Goodboe-Bisschoff,
Councilmember Dircks, Councilmember Moran, Mayor Nelson. Motion carried.

OFFICIAL PROCEEDINGS

PAGE 7

September 8, 2026

B. Ordinance 511, Amending the Official Zoning Map of the City of Spring Lake Park 8299
Central Avenue NE
Administrator Buchholtz explained that the proposed ordinance would amend the zoning
map for 8299 Central Avenue NE, changing the designation from I-1 Industrial to C-1
Commercial. He noted that this rezoning is contingent upon approval of the related
comprehensive plan amendment by the Metropolitan Council. Buchholtz stated that the
amendment is expected to be consistent with the regional plan and anticipated
Metropolitan Council support. He clarified that state law requires local land-use actions to
align with an approved comprehensive plan, which is why the rezoning must be conditioned
on the Metropolitan Council’s approval of the amendment.
Motion made by Councilmember Wendling to approve Ordinance 511, Amending the
Official Zoning Map of the City of Spring Lake Park 8299 Central Avenue NE.
Voting Aye: Councilmember Wendling, Councilmember Goodboe-Bisschoff,
Councilmember Dircks, Councilmember Moran, Mayor Nelson. Motion carried.
C. Resolution 2026-39, Approving Summary Publication of Ordinance No. 511, An Ordinance
Amending the Official Zoning Map of the City of Spring Lake Park for 8299 Central Avenue
NE
Administrator Buchholtz explained that Resolution 2026-39 authorizes summary publication
of Ordinance No. 511. He noted that publishing a summary, rather than the full ordinance,
reduces publication costs while ensuring the complete ordinance remains accessible on the
city’s website and available upon request.
Motion made by Councilmember Dircks to approve Resolution 2026-39, Approving
Summary Publication of Ordinance No. 511, An Ordinance Amending the Official Zoning
Map of the City of Spring Lake Park for 8299 Central Avenue NE.
Voting Aye: Councilmember Wendling, Councilmember Goodboe-Bisschoff,
Councilmember Dircks, Councilmember Moran, Mayor Nelson. Motion carried.
D. Resolution 2026-40, Approving a Conditional Use Permit for a Child Daycare Facility within
Substance Church – 8299 Central Avenue NE
Motion made by Councilmember Goodboe-Bisschoff to approve Resolution 2026-40,
Approving a Conditional Use Permit for a Child Daycare Facility within Substance Church –
8299 Central Avenue NE
Voting Aye: Councilmember Wendling, Councilmember Goodboe-Bisschoff,
Councilmember Dircks, Councilmember Moran, Mayor Nelson. Motion carried.

OFFICIAL PROCEEDINGS

PAGE 8

September 8, 2026

E. Resolution 2026-41, Approving a Variance from the Rear Yard Setback Requirement at 8035
Benjamin Street NE
Administrator Buchholtz provided background on a longstanding code enforcement matter
involving a covered patio constructed at a property within the Spring Lake Park Villas
Planned Unit Development (PUD). The owner, Joanna Richards, applied for a variance from
the rear yard setback requirement in the R-3 district to allow the structure. Buchholtz
explained that the patio had initially been built in 2025 without required permits, and the
original variance request was withdrawn after it was determined that part of the structure
encroached onto a neighboring property. The applicant subsequently modified the patio so
that it is fully located on her own lot.
Buchholtz noted that the current variance request reflects a reduced structure and seeks
relief only from rear yard setback requirements. Staff reviewed the application under the
practical difficulties standard and found the request reasonable due to the unique design of
the PUD, which features small individual lots, limited rear yard space, and larger shared
common areas. The structure is residential in nature and consistent with the character of
the surrounding townhouse development.
Buchholtz stated that the Planning Commission held a public hearing on August 24,
reviewed staff’s analysis and recommended conditions, and recommended approval. Staff
also recommended approval of the variance, subject to conditions outlined in the
resolution.
Councilmember Goodboe-Bisschoff expressed concern that the patio structure was built
without required permits and initially encroached onto a neighboring property, noting
similar issues in past cases. She asked whether any penalties would be imposed.
Administrator Buchholtz responded that multiple administrative citations had already been
issued and must be paid before the variance becomes effective. He added that, under city
code, building permit fees are doubled when construction occurs before a permit is issued.
While the exact amount was not available at the time, he indicated the combined penalties
and fees would be substantial. He also noted that the property owner had received
approval from the townhome association, although those rules are separate from city
enforcement.
Motion made by Councilmember Wendling to approve Resolution 2026-41, Approving a
Variance from the Rear Yard Setback Requirement at 8035 Benjamin Street NE.
Voting Aye: Councilmember Wendling, Councilmember Goodboe-Bisschoff,
Councilmember Dircks, Councilmember Moran, Mayor Nelson. Motion carried.

OFFICIAL PROCEEDINGS

PAGE 9

September 8, 2026

F. Resolution 2026-42, Concluding Probable Belief of a Violation of SLPC 9.02.030 and Issuing a
Destruction Order for Property Located at 8280 Taylor Street NE
Councilmember Dicks inquired about the allowed timeframe for compliance after an order
is issued, Attorney Thames clarified that the standard period is seven days unless the
Council specifies otherwise.
Motion made by Councilmember Dircks to approve Resolution 2026-42, Concluding
Probable Belief of a Violation of SLPC 9.02.030 and Issuing a Destruction Order for Property
Located at 8280 Taylor Street NE.
Voting Aye: Councilmember Wendling, Councilmember Goodboe-Bisschoff,
Councilmember Dircks, Councilmember Moran, Mayor Nelson. Motion carried.
9.

NEW BUSINESS
A. Police Officer Candidate Conditional Job Offer
Administrator Buchholtz reported that the hiring process for a new patrol officer has been
successfully completed, including application screening, oral interviews, and a
comprehensive background check. He stated that the Police Chief has extended a
conditional job offer to Aaron Dokka for the position of patrol officer, pending completion
of required medical testing. Buchholtz requested final council approval of the hire.
Motion made by Mayor Nelson to approve Police Officer Candidate Conditional Job Offer.
Voting Aye: Councilmember Wendling, Councilmember Goodboe-Bisschoff,
Councilmember Dircks, Councilmember Moran, Mayor Nelson. Motion carried.
B. Approve Quote for 2026 Pavement Markings
Engineer Gravel reported that the city performs pavement striping every one to two years
on streets requiring markings. He explained that certain striping work, including side
striping and major intersections, cannot be completed by city staff and must be contracted
out. He stated that the low quote received for the 2026 pavement marking project was
from Sir Lines A Lot in the amount of $21,508. He recommended approval of the contract.
Motion made by Councilmember Wendling to Approve Quote for 2026 Pavement Markings.
Voting Aye: Councilmember Wendling, Councilmember Goodboe-Bisschoff,
Councilmember Dircks, Councilmember Moran, Mayor Nelson. Motion carried.

OFFICIAL PROCEEDINGS

PAGE 10

September 8, 2026

10. REPORTS
A. Attorney Report - None
B. Engineer Report - Accepted report as submitted
C. Administrator Report
Administrator Buchholtz reported positive news regarding the city’s federal funding
requests, noting that both projects seeking federal support have been included in the House
appropriations bills. He stated that the full funding amount was not granted, but that
receiving partial funding is a significant step forward and expressed appreciation for the
congresswoman’s efforts. He added that the city has not yet received an update from the
Senate. Buchholtz also thanked council members who completed the comprehensive plan
survey and encouraged any remaining members to do so at their earliest convenience.
11. OTHER
A. Schedule City Administrator Performance Evaluation
Administrator Buchholtz reviewed the upcoming annual performance evaluation process,
noting that his evaluation is due and requesting the Council’s direction on scheduling. He
proposed holding the evaluation on October 5, 2026. Councilmembers agreed to that date.
Buchholtz added that a self-evaluation and related forms had been provided to assist the
Council in preparing for the review. The evaluation session will be conducted in a closed
meeting on October 5, 2026.
Mayor Nelson highlighted two upcoming events. He announced that “Operation Zero,” a
suicide-prevention event supporting soldiers, will take place on Saturday, September 12 at the Anoka
County Fairgrounds from noon to 10 p.m. The event will feature the Vietnam Veterans Wall, flyovers,
live bands, food trucks, and additional activities. He noted the importance of recognizing the sacrifices
of soldiers and first responders and shared that Spring Lake Park’s Beyond the Yellow Ribbon program
is working to strengthen partnerships with military support networks. Mayor Nelson also reminded
attendees to honor the anniversary of September 11.
Public Works Director Lindgren announced that the annual “Touch the Truck” event will take place on
September 12 at Spring Lake Park High School from 11 a.m. to 1 p.m. He said the event features heavy
equipment from various cities and provides an opportunity for children and families to engage with public
works and safety vehicles as part of the back-to-school season. He invited community members to attend.

12. ADJOURN
Motion made by Councilmember Wendling to adjourn.

OFFICIAL PROCEEDINGS

PAGE 11

September 8, 2026

Voting Aye: Councilmember Wendling, Councilmember Goodboe-Bisschoff, Councilmember Dircks,
Councilmember Moran, Mayor Nelson. Motion carried.
The meeting was adjourned at 8:30 PM.

Robert Nelson, Mayor
Attest:
Daniel R. Buchholtz, Administrator, Clerk/Treasurer

CITY OF SPRING LAKE PARK
CLAIMS LIST APPROVED AND PAID
GENERAL OPERATIONS
VOUCHER VENDOR
DESCRIPTION
79576
ASPEN MILLS
UNIFORM ALLOWANCE - LEMKE
79577
CENTRAL PRO SUPPLY
PARTS
79578
CINTAS
SHOP TOWELS
79579
COMPANION ANIMAL CARE & CONTROL
ANIMAL CONTROL
79580
FASTENAL COMPANY
PARTS
79581
HIRSHFIELD'S
WHITE TRAFFICE PAINT
79582
JOEY D'S TREE SERVICE
CUT DOWN & HAUL DEAD ASH TREE
79583
KORTERRA
LOCATE MGMT STD ANNUAL FEE
79584
MANSFIELD SERVICE PARTNERS SOUTH, LLC DIESEL FUEL
79585
MENARDS - BLAINE
PARTS
79586
MID AMERICA METER, LLC
METER REPAIRS
79587
MN DEP'T OF LABOR & INDUSTRY
PRESSURE VESSELS 412217 & 281810
79588
NYKANEN INSPECTIONS, LLC
JULY ELECTRICAL INSPECTIONS
79589
PLAISTED COMPANIES, INC
PLAYGROUND MULCH
79590
SUMMIT FIRE PROTECTION
WATER PLANT REPAIRS
79591
SYMBOL ARTS
NEW OFFICER SETUP
79592
THE SHERWIN WILLIAMS CO.
WHITE PAINT
79593
PATRICE HOLTER
PAYROLL
79594
CENTRAL PENSION FUND
PAYROLL
79595
GUARDIAN LIFE INSURANCE COMPANY
PAYROLL
79596
HEALTH PARTNERS, INC
PAYROLL
79597
LELS
PAYROLL
79598
LOCAL 49
PAYROLL
79599
NCPERS GROUP LIFE INS
PAYROLL
79600
ANNE SCANLON
AK TRIP EXPENSE REIMBURSEMENT
79601
AT & T MOBILITY
HOT SPOT
79602
BOE, HANIELLE J.
NIGHT TO UNITE MILAGE REIMB
79603
BUSINESS ESSENTIALS
JANITORIAL SUPPLIES
79604
CADY BUSINESS TECHNOLOGIES
PHONE SYSTEM
79605
CAR WASH PARTNERS INC (dba: MISTER CAR WASH)
CAR WASHES
79606
CARSON, CLELLAND & SCHREDER
ATTORNEY SERVICES
79607
CENTERPOINT ENERGY
MONTHLY UTILITIES
79608
CENTRAL RENTAL CO
SNAKE & SEWER CAMERA RENTALS
79609
CHANHASSEN DINNER THEATRES
GUYS & DOLLS 09/09/26 BALANCE
79610
CINTAS
FLOOR MATS & SHOP TOWELS
79611
CITYWIDE SERVICE CORP
IMPOUNDED SUZUKI MOTORCYCLE
79612
COHNREZNICK LLP
2025 FINANCIAL AUDIT
79614
COMCAST
ABLE WARMING HOUSE MONTHLY UTILITIES
79615
COMM-WORKS, LLC
PARK CAMERA MONITORING
79616
CONNEXUS ENERGY
MONTHLY UTILITIES + STREET LIGHTS
79617
DEAN'S PROFESSIONAL PLUMBING
PERMIT REFUND
79618
DEBRA TESSIER
DOOR COUNTY REFUND
79619
ECM PUBLISHERS, INC.
TERRACE PARK / ORD. NO. 509
79620
EVELYN SKURICH
TREK FOR THE TULIPS / BRANSON REFUNDS
79621
GOPHER STATE ONE-CALL INC
LOCATES
79622
GUARDIAN LIFE INSURANCE COMPANY
COBRA DENTAL PMNT
79623
HAWKINS WATER TREATMENT
WATER CHEMICALS
79624
HYDRAULIC SPECIALTY INC
PARTS

Date: August 2026
Page: 1
Claim Res. #26-15
AMOUNT
$
75.95
$
27.12
$
75.68
$
400.00
$
46.86
$
1,290.56
$
1,500.00
$
3,212.00
$
2,612.55
$
346.11
$
1,611.00
$
50.00
$
648.00
$
1,556.40
$
9,169.00
$
152.50
$
166.60
$
200.00
$
4,160.00
$
2,545.20
$
36,709.80
$
730.00
$
175.00
$
32.00
$
49.16
$
38.73
$
6.08
$
247.43
$
882.98
$
192.00
$
8,550.00
$
326.37
$
480.15
$
1,964.36
$
731.54
$
190.75
$
12,337.50
$
149.72
$
275.00
$
343.94
$
60.00
$
300.00
$
676.50
$
400.00
$
81.00
$
164.62
$
5,417.41
$
75.19

CITY OF SPRING LAKE PARK
Date: August 2026
CLAIMS LIST APPROVED AND PAID
Page: 2
GENERAL OPERATIONS
Claim Res. #26-15
VOUCHER VENDOR
DESCRIPTION
AMOUNT
79625
INNOVATIVE OFFICE SOLUTIONS LLC
OFFICE SUPPLIES
$
143.44
79626
INSTRUMENTAL RESEARCH INC
JULY WATER TESTING
$
108.00
79627
JOEY D'S TREE SERVICE
CUT DOWN & DAUL DEAD ASH TREES
$
8,000.00
79628
LANGUAGE LINE SERVICES
INTERPRETATION SERVICES
$
116.39
79629
MANSFIELD SERVICE PARTNERS SOUTH, LLC UNLEADED FUEL
$
2,910.93
79630
MARIE RIDGEWAY LISS, LLC
SLP POWER PROGRAM
$
500.00
79631
MCCLELLAN SALES INC
DIAMOND BLADE
$
267.28
79632
MCCRAY EXPRESS SPORTS NETWORK
JULY - AUGUST ADULT SOFTBALL UMPIRE
$
1,045.50
79633
MENARDS - BLAINE
PARTS
$
879.09
79634
METRO-INET
DATA SERVICES
$
280.00
79635
METROPOLITAN COUNCIL
WASTE WATER SERVICES DEF REV
$
107,702.44
79636
MIDWEST DIESEL SERVICE INC.
CHECK FOR ENGINE UPDATES
$
302.25
79637
MINNESOTA COACHES, INC
DAY TRIP TRANSPORTATION
$
1,820.18
79638
MINNESOTA DEPT OF HEALTH
QUARTERLY WATER CONNECTION FEE
$
8,679.00
79639
MUNICIPAL PAVING PLANT
HOT MIX ASPHALT
$
1,064.28
79640
NAC MECHANICAL & ELECTRICAL SERVICES
SENSOR INSTALL
$
386.95
79641
NAPA AUTO PARTS
PARTS
$
1,113.53
79642
NORTHLAND SECURITIES INC
2025 ANNUAL TIF REPORTING
$
1,285.00
79643
OFFICE OF MN.IT SERVICES
FIBER OPTICS
$
47.20
79644
ON SITE SANITATION INC
STD CONSTRUCTION RESTROOMS
$
428.00
79645
PATRICIA BRETHEIM
LADIES IN LINCOLN REFUND
$
200.00
79646
PLAISTED COMPANIES, INC
PLAYGROUND MULCH
$
6,251.20
79647
SLP FIRE DEPARTMENT
AUGUST FIRE PROTECTION SERVICES
$
27,260.00
79648
SUMMIT FIRE PROTECTION
CITY HALL FIRE ALARM / SPRINKLER INSPECT
$
1,199.00
79649
SYMBOL ARTS
UNIFORM ALLOWANCE - ANTOINE
$
27.95
79650
THE REINALT-THOMAS CORPORATION
TIRES
$
1,080.00
79651
TRI STATE BOBCAT INC
PARTS
$
2,272.83
79652
UNLIMITED SUPPLIES, INC
PARTS
$
57.30
79653
WALTERS RECYCLING REFUSE SERV
VARIOUS RECYCLING SERVICES
$
14,821.56
79654
WANDA BROWN-MCGRECK
MILEAGE + ELECTION SUPPLIES REIMB
$
61.96
79655
XCEL ENERGY
MONTHLY UTILITIES
$
7,915.42
79656
XCEL ENERGY
MONTHLY UTILITIES
$
160.42
79657
ZULEY AWARDS
CAR SHOW TROPHIES
$
202.80
79658
PATRICIA DANKERT
BACKROADS & BRANSON TOUR REFUNDS
$
200.00
79659
ASPEN MILLS
NEW OFFICER SETUP - LORINSER
$
125.90
79660
AUTOMATIC SYSTEMS CO
TROUBLESHOOT COMMS TO PLANT
$
608.75
79661
BLAKE DRILLING CO., INC
DEWATERING FOR SS BREAK
$
7,106.00
79662
CARDINAL INVESTIGATIONS
BACKGROUND CHECKS - BEGSTON / DOKKA
$
2,307.50
79663
CINTAS
SHOP TOWELS
$
75.68
79664
CITY OF MOUNDS VIEW
50% 2026 LAKESIDE PARK BUDGET
$
12,500.00
79665
CLEARSTREAM RECYCLING INC
TRASH / RECYCLING BAGS FOR TRASH CONTAINERS
$
371.00
79666
COLLINS ELECTRICAL
WIRE & HANG PD GARAGE CEILING FAN
$
1,359.70
79667
DAVE PERKINS CONTRACTING INC
8284 FILLMORE ST
$
6,780.00
79668
DIRECT RADAR LLC
RADAR & LIDAR INSTRUCTOR CLASS
$
550.00
79669
JAKE STAUFFENEKER
STREET COP TRAINING REIMB
$
97.00
79670
MANSFIELD SERVICE PARTNERS SOUTH, LLC UNLEADED FUEL
$
1,521.01
79671
MENARDS - BLAINE
PAINT SUPPLIES FOR PARKS
$
21.46
79672
MICHAEL LEDMAN
AUGUST YOGA CLASSES
$
330.00

CITY OF SPRING LAKE PARK
CLAIMS LIST APPROVED AND PAID
GENERAL OPERATIONS
VOUCHER VENDOR
DESCRIPTION
79673
MINNESOTA EQUIPMENT
MOWER BLADE
79674
PALEN KIMBALL, LLC DBA SIGNATURE MECHANICAL
RPZ TESTING
79675
THE SHERWIN WILLIAMS CO.
WHITE PAINT
79676
TWIN CITIES BMEU WEST
NEW JOURNEYS POSTAGE - PERMIT 1611
79677
VOIGT'S BUS COMPANIES
GRAND SLAM TRANSPORT
TOTAL DISBURSEMENTS

Date: August 2026
Page: 3
Claim Res. #26-15
AMOUNT
$
73.95
$
1,737.49
$
55.53
$
574.42
$
285.23

$

336,703.28

Date: August 2026
Page: 4
Claim Res. #26-15

WHEREAS,
the City Council of the City of Spring Lake Park has considered the foregoing itemized list of
disbursements; and
WHEREAS,
the City Council has determined that all disbursements, as listed, with the following exceptions:
_____________________________________________________________________________
_____________________________________________________________________________
are proper.
NOW, THEREFORE BE IT RESOLVED:
that the City Council directs and approves the payment of the aforementioned disbursements
this _________ day of _______________, 20_______.

Signed: ______________________________________
Mayor
Councilmembers:

____________________________________

____________________________________

____________________________________

____________________________________

ATTEST:

_____________________________________
Daniel Buchholtz, Admin/Clerk-Treasurer

REVENUE AND EXPENDITURE REPORT FOR CITY OF SPRING LAKE PARK
Balance As Of 08/31/2026

GL Number

Description

Fund: 101 GENERAL FUND
Account Category: Revenues
Department: 00000
101.00000.31010 CURRENT TAXES
101.00000.31020 DELINQ TAXES
101.00000.31910 PENALTIES & INTEREST
101.00000.32110 LIQUOR LICENSES
101.00000.32180 CIGARETTE,DANCE,BINGO & MISC LIC
101.00000.32181 SIGN PERMITS
101.00000.32182 CANNABIS LICENSE
101.00000.32208 CONTRACTORS LICENSES
101.00000.32210 BUILDING PERMIT
101.00000.32211 BUILDING PERMIT SURCHARGES
101.00000.32215 DEMOLITION PERMIT
101.00000.32216 ELECTRICAL PERMITS / PLAN REVIEW
101.00000.32217 ELECTRICAL PERMIT SURCHARGES
101.00000.32230 PLUMBING PERMIT
101.00000.32231 PLUMBING PERMIT SURCHARGES
101.00000.32232 HEATING & A/C PERMITS
101.00000.32233 HTG & A/C SURCHARGES
101.00000.32240 PET LICENSE
101.00000.32260 CERTIFICATE OF OCCUPANCY
101.00000.32261 VACANT PROPERTY REGISTRATION
101.00000.32262 SOLICITORS LICENSE
101.00000.33401 LOCAL GOVERNMENT AID
101.00000.33403 LOCAL PERFORMANCE AID
101.00000.33405 CLASS 4D(1) TRANSITION AID
101.00000.33416 POLICE TRAINING REIMB
101.00000.33421 INSURANCE PREMIUM-POLICE
101.00000.34102 ZONING LETTERS
101.00000.34103 SPEC USE,ZONING,SUB-DIV
101.00000.34104 PLAN CHECKING FEES
101.00000.34105 SALE OF MAPS,COPIES ETC
101.00000.34107 ASSESSMENT SEARCHES
101.00000.34109 FILING FEES
101.00000.34111 ADM. GAMBLING EXPENSES
101.00000.34115 GUN RANGE FACILITY USE
101.00000.34117 ROOM-FACILITY RENTAL
101.00000.34201 POLICE & FIRE ALARM PERMIT
101.00000.34202 POLICE REPORTS
101.00000.34204 HOUSING REGISTRATION
101.00000.34205 RIGHT OF WAY APPLICATIONS
101.00000.34801 INSURANCE DIVIDENDS
101.00000.34949 RESTITUTION
101.00000.34950 REFUNDS & REIMB
101.00000.35101 COURT FINES
101.00000.35102 ADM OFFENSE FINES
101.00000.35348 PROPERTY ROOM REVENUE
101.00000.36200 MISC REVENUES
101.00000.36201 SOLAR ENERGY CREDITS-XCEL
101.00000.36210 INTEREST EARNINGS
101.00000.36901 LIAISON OFFICER
09/14/2026 09:52 PM

2026
Amended
Budget

YTD Balance
08/31/2026
Normal (Abnormal)

Activity For
08/31/2026
Increase (Decrease)

Available
Balance 08/31/2026
Normal (Abnormal)

% Bdgt
Used

4,310,534.00
0.00
0.00
24,000.00
6,500.00
6,000.00
1,500.00
12,500.00
75,000.00
2,500.00
0.00
20,000.00
250.00
6,000.00
150.00
10,000.00
250.00
1,000.00
2,800.00
500.00
0.00
776,537.00
1,040.00
11,500.00
10,000.00
135,000.00
200.00
7,500.00
25,000.00
0.00
50.00
75.00
43,950.00
250.00
250.00
2,000.00
1,000.00
105,000.00
1,000.00
10,000.00
0.00
5,000.00
48,000.00
35,000.00
0.00
0.00
15,000.00
90,000.00
108,490.00

2,339,315.75
40,962.83
13,495.77
250.00
200.00
3,180.00
500.00
9,750.00
36,615.08
1,052.61
464.90
12,183.10
272.14
4,789.60
76.26
6,063.42
95.53
615.00
1,150.00
0.00
300.00
388,268.50
0.00
11,818.50
10,663.40
0.00
300.00
10,831.45
1,738.00
3.00
25.00
90.00
0.00
20.00
0.00
0.00
2,280.50
31,350.00
0.00
0.00
964.88
710.71
22,814.24
18,286.88
81.72
4.04
8,412.56
103,553.78
72,327.12

0.00
0.00
0.00
0.00
0.00
1,121.25
0.00
675.00
4,336.20
107.41
199.35
703.00
13.00
500.00
8.00
320.00
4.00
60.00
200.00
0.00
0.00
0.00
0.00
0.00
10,663.40
0.00
0.00
0.00
85.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
534.00
0.00
0.00
0.00
241.88
0.00
3,033.14
0.00
0.00
0.00
0.00
14,715.83
0.00

1,971,218.25
(40,962.83)
(13,495.77)
23,750.00
6,300.00
2,820.00
1,000.00
2,750.00
38,384.92
1,447.39
(464.90)
7,816.90
(22.14)
1,210.40
73.74
3,936.58
154.47
385.00
1,650.00
500.00
(300.00)
388,268.50
1,040.00
(318.50)
(663.40)
135,000.00
(100.00)
(3,331.45)
23,262.00
(3.00)
25.00
(15.00)
43,950.00
230.00
250.00
2,000.00
(1,280.50)
73,650.00
1,000.00
10,000.00
(964.88)
4,289.29
25,185.76
16,713.12
(81.72)
(4.04)
6,587.44
(13,553.78)
36,162.88

54.27
100.00
100.00
1.04
3.08
53.00
33.33
78.00
48.82
42.10
100.00
60.92
108.86
79.83
50.84
60.63
38.21
61.50
41.07
0.00
100.00
50.00
0.00
102.77
106.63
0.00
150.00
144.42
6.95
100.00
50.00
120.00
0.00
8.00
0.00
0.00
228.05
29.86
0.00
0.00
100.00
14.21
47.53
52.25
100.00
100.00
56.08
115.06
66.67

Page:

1/11

REVENUE AND EXPENDITURE REPORT FOR CITY OF SPRING LAKE PARK
Balance As Of 08/31/2026

GL Number

Description

Fund: 101 GENERAL FUND
Account Category: Revenues
Department: 00000
101.00000.39202 TRANSFER FROM PUBLIC UTILITIES
101.00000.39205 TRANSFER-FROM TIF FUND
101.00000.39206 TRANSFER FROM RECYCLING FUND
101.00000.39207 TRANSFER FROM RECREATION
101.00000.39208 TRANSFER FROM PUBLIC SAFETY AID
Total Dept 00000
Revenues
Account Category: Expenditures
Department: 41110 MAYOR AND COUNCIL
101.41110.41030 PART TIME EMPLOYEES
101.41110.41211 DEFINED CONTR PLAN/PERA
101.41110.41220 FICA/MC CONTRIBUTIONS-EMPLOYER
101.41110.41230 MN PAID LEAVE
101.41110.41510 WORKERS COMPENSATION
101.41110.42100 OPERATING SUPPLIES
101.41110.43310 TRAVEL EXPENSE
101.41110.43500 PRINTING & PUBLISHING
101.41110.44000 CONTRACTUAL SERVICE
101.41110.44300 CONFERENCE & SCHOOLS
101.41110.44330 DUES & SUBSCRIPTIONS
101.41110.44955 DISCRETIONARY FUND
Total Dept 41110 - MAYOR AND COUNCIL
Department: 41400 ADMINISTRATION
101.41400.41010 FULL TIME EMPLOYEES
101.41400.41050 VACATION BUY BACK
101.41400.41210 PERA CONTRIBUTIONS-EMPLOYER
101.41400.41220 FICA/MC CONTRIBUTIONS-EMPLOYER
101.41400.41230 MN PAID LEAVE
101.41400.41300 HEALTH INSURANCE
101.41400.41313 LIFE INSURANCE
101.41400.41510 WORKERS COMPENSATION
101.41400.42000 OFFICE SUPPLIES
101.41400.42030 PRINTED FORMS
101.41400.42100 OPERATING SUPPLIES
101.41400.42220 POSTAGE
101.41400.43210 TELEPHONE
101.41400.43310 TRAVEL EXPENSE
101.41400.43500 PRINTING & PUBLISHING
101.41400.43550 COUNTY FEES FOR SERVICE
101.41400.44000 CONTRACTUAL SERVICE
101.41400.44050 MAINTENANCE AGREEMENTS
101.41400.44300 CONFERENCE & SCHOOLS
101.41400.44330 DUES & SUBSCRIPTIONS
101.41400.44380 BANK CHARGES
101.41400.44390 MISCELLANEOUS
101.41400.44500 CONTRACTUAL SERVICES
Total Dept 41400 - ADMINISTRATION
09/14/2026 09:52 PM

2026
Amended
Budget

YTD Balance
08/31/2026
Normal (Abnormal)

Activity For
08/31/2026
Increase (Decrease)

Available
Balance 08/31/2026
Normal (Abnormal)

% Bdgt
Used

61,946.00
3,500.00
4,500.00
62,500.00
75,000.00

0.00
0.00
0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00

61,946.00
3,500.00
4,500.00
62,500.00
75,000.00

0.00
0.00
0.00
0.00
0.00

6,118,772.00

3,155,876.27

37,520.46

2,962,895.73

51.58

6,118,772.00

3,155,876.27

37,520.46

2,962,895.73

51.58

31,297.00
1,565.00
2,394.00
276.00
130.00
850.00
650.00
1,900.00
4,680.00
5,920.00
16,552.00
12,050.00

20,863.04
1,043.28
1,596.01
82.32
128.00
340.43
0.00
742.50
(455.00)
969.21
17,346.00
429.76

2,607.88
130.41
199.47
10.29
9.98
0.00
0.00
577.50
0.00
24.00
0.00
0.00

10,433.96
521.72
797.99
193.68
2.00
509.57
650.00
1,157.50
5,135.00
4,950.79
(794.00)
11,620.24

66.66
66.66
66.67
29.83
98.46
40.05
0.00
39.08
(9.72)
16.37
104.80
3.57

78,264.00

43,085.55

3,559.53

35,178.45

55.05

407,959.00
8,500.00
30,507.00
31,117.00
1,790.00
70,694.00
225.00
2,668.00
3,000.00
1,950.00
970.00
2,706.00
625.00
4,000.00
350.00
1,850.00
0.00
14,905.00
7,850.00
1,585.00
1,900.00
0.00
7,300.00

252,680.99
0.00
19,799.16
18,808.28
1,053.69
46,630.67
137.49
2,452.78
2,851.98
729.82
1,624.30
1,328.99
192.01
2,365.97
178.05
1,616.98
462.50
12,704.58
2,188.53
2,082.20
1,174.74
(1,164.91)
7,080.07

31,570.02
0.00
2,360.83
2,219.64
125.63
6,328.17
21.68
179.82
50.94
0.00
0.00
(85.80)
38.41
230.76
0.00
0.00
0.00
1,048.20
0.00
0.00
206.83
0.00
96.23

155,278.01
8,500.00
10,707.84
12,308.72
736.31
24,063.33
87.51
215.22
148.02
1,220.18
(654.30)
1,377.01
432.99
1,634.03
171.95
233.02
(462.50)
2,200.42
5,661.47
(497.20)
725.26
1,164.91
219.93

61.94
0.00
64.90
60.44
58.87
65.96
61.11
91.93
95.07
37.43
167.45
49.11
30.72
59.15
50.87
87.40
100.00
85.24
27.88
131.37
61.83
100.00
96.99

602,451.00

376,978.87

44,391.36

225,472.13
Page:

62.57
2/11

REVENUE AND EXPENDITURE REPORT FOR CITY OF SPRING LAKE PARK
Balance As Of 08/31/2026
2026
Amended
Budget

YTD Balance
08/31/2026
Normal (Abnormal)

Activity For
08/31/2026
Increase (Decrease)

Available
Balance 08/31/2026
Normal (Abnormal)

% Bdgt
Used

Fund: 101 GENERAL FUND
Account Category: Expenditures
Department: 41500 ASSESSOR
101.41500.44000 CONTRACTUAL SERVICE

40,610.00

28,667.40

9,555.80

11,942.60

70.59

Total Dept 41500 - ASSESSOR

40,610.00

28,667.40

9,555.80

11,942.60

70.59

16,400.00

15,225.00

0.00

1,175.00

92.84

16,400.00

15,225.00

0.00

1,175.00

92.84

Department: 41600 I.T. SERVICES
101.41600.44000 CONTRACTUAL SERVICE

89,035.00

70,705.37

7,168.62

18,329.63

79.41

Total Dept 41600 - I.T. SERVICES

89,035.00

70,705.37

7,168.62

18,329.63

79.41

GL Number

Description

Department: 41540 AUDIT & ACCTG SERVICES
101.41540.43010 AUDIT & ACCTG SERVICES
Total Dept 41540 - AUDIT & ACCTG SERVICES

Department: 41610 LEGAL FEES
101.41610.43040 LEGAL FEES

130,000.00

65,209.50

8,550.00

64,790.50

50.16

Total Dept 41610 - LEGAL FEES

130,000.00

65,209.50

8,550.00

64,790.50

50.16

Department: 41710 ENGINEERING FEES
101.41710.43030 ENGINEERING FEES

5,000.00

2,742.41

0.00

2,257.59

54.85

Total Dept 41710 - ENGINEERING FEES

5,000.00

2,742.41

0.00

2,257.59

54.85

Department: 41720 PLANNING & ZONING
101.41720.42100 OPERATING SUPPLIES
101.41720.42220 POSTAGE
101.41720.43500 PRINTING & PUBLISHING
101.41720.44000 CONTRACTUAL SERVICE

100.00
100.00
200.00
1,750.00

0.00
133.20
0.00
1,300.26

0.00
0.00
0.00
0.00

100.00
(33.20)
200.00
449.74

0.00
133.20
0.00
74.30

2,150.00

1,433.46

0.00

716.54

66.67

Department: 41940 GOVERNMENT BUILDING
101.41940.41013 OVERTIME
101.41940.41210 PERA CONTRIBUTIONS-EMPLOYER
101.41940.41220 FICA/MC CONTRIBUTIONS-EMPLOYER
101.41940.41230 MN PAID LEAVE
101.41940.41300 HEALTH INSURANCE
101.41940.41313 LIFE INSURANCE
101.41940.41510 WORKERS COMPENSATION
101.41940.42000 OFFICE SUPPLIES
101.41940.42100 OPERATING SUPPLIES
101.41940.42200 REPAIR & MAINTENANCE
101.41940.42280 UNIFORM ALLOWANCE
101.41940.43210 TELEPHONE
101.41940.43810 ELECTRIC UTILITIES
101.41940.43830 GAS UTILITIES
101.41940.43841 RUBBISH REMOVAL
101.41940.44000 CONTRACTUAL SERVICE
101.41940.45000 CAPITAL OUTLAY
101.41940.47000 PERMANENT TRANSFERS OUT

Total Dept 41720 - PLANNING & ZONING

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
16,000.00
12,000.00
0.00
11,000.00
31,000.00
20,000.00
4,850.00
53,083.00
0.00
16,400.00

509.11
38.18
54.20
2.90
94.50
0.42
18.53
2.87
12,422.35
4,815.14
218.76
7,334.65
27,557.37
15,054.03
8,700.76
39,684.42
9,484.82
0.00

85.91
6.44
6.38
0.34
13.35
0.06
2.07
0.00
903.29
3,440.17
0.00
921.71
443.14
174.12
1,167.76
3,601.46
0.00
0.00

(509.11)
(38.18)
(54.20)
(2.90)
(94.50)
(0.42)
(18.53)
(2.87)
3,577.65
7,184.86
(218.76)
3,665.35
3,442.63
4,945.97
(3,850.76)
13,398.58
(9,484.82)
16,400.00

100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
77.64
40.13
100.00
66.68
88.89
75.27
179.40
74.76
100.00
0.00

Total Dept 41940 - GOVERNMENT BUILDING

164,333.00

125,993.01

10,766.20

38,339.99

76.67

1,481,239.00
95,000.00
8,000.00

877,316.58
74,421.64
0.00

103,209.91
4,433.11
0.00

603,922.42
20,578.36
8,000.00

59.23
78.34
0.00

Department: 42100 POLICE PROTECTION
101.42100.41010 FULL TIME EMPLOYEES
101.42100.41013 OVERTIME
101.42100.41050 VACATION BUY BACK
09/14/2026 09:52 PM

Page:

3/11

REVENUE AND EXPENDITURE REPORT FOR CITY OF SPRING LAKE PARK
Balance As Of 08/31/2026

GL Number

Description

Fund: 101 GENERAL FUND
Account Category: Expenditures
Department: 42100 POLICE PROTECTION
101.42100.41210 PERA CONTRIBUTIONS-EMPLOYER
101.42100.41220 FICA/MC CONTRIBUTIONS-EMPLOYER
101.42100.41230 MN PAID LEAVE
101.42100.41300 HEALTH INSURANCE
101.42100.41313 LIFE INSURANCE
101.42100.41510 WORKERS COMPENSATION
101.42100.42000 OFFICE SUPPLIES
101.42100.42030 PRINTED FORMS
101.42100.42040 RANGE EQUIP & SUPPLIES
101.42100.42100 OPERATING SUPPLIES
101.42100.42120 MOTOR FUELS & LUBRICANTS
101.42100.42220 POSTAGE
101.42100.43050 MEDICAL EXPENSE
101.42100.43210 TELEPHONE
101.42100.43211 DATA SERVICES
101.42100.43300 CLOTHING & PERSONAL EQUIP
101.42100.43310 TRAVEL EXPENSE
101.42100.44000 CONTRACTUAL SERVICE
101.42100.44050 MAINTENANCE AGREEMENTS
101.42100.44060 AUTO EQUIPMENT REPAIR
101.42100.44070 OTHER EQUIPMENT REPAIR
101.42100.44300 CONFERENCE & SCHOOLS
101.42100.44310 TRAINING-PER CONTRACT
101.42100.44330 DUES & SUBSCRIPTIONS
101.42100.45000 CAPITAL OUTLAY
101.42100.47000 PERMANENT TRANSFERS OUT
Total Dept 42100 - POLICE PROTECTION
Department: 42200 FIRE PROTECTION
101.42200.44000 CONTRACTUAL SERVICE
101.42200.45000 CAPITAL OUTLAY
Total Dept 42200 - FIRE PROTECTION
Department: 42300 CODE ENFORCEMENT
101.42300.41010 FULL TIME EMPLOYEES
101.42300.41050 VACATION BUY BACK
101.42300.41210 PERA CONTRIBUTIONS-EMPLOYER
101.42300.41220 FICA/MC CONTRIBUTIONS-EMPLOYER
101.42300.41230 MN PAID LEAVE
101.42300.41300 HEALTH INSURANCE
101.42300.41313 LIFE INSURANCE
101.42300.41510 WORKERS COMPENSATION
101.42300.42000 OFFICE SUPPLIES
101.42300.42030 PRINTED FORMS
101.42300.42100 OPERATING SUPPLIES
101.42300.42120 MOTOR FUELS & LUBRICANTS
101.42300.42200 REPAIR & MAINTENANCE
101.42300.43210 TELEPHONE
101.42300.43300 CLOTHING & PERSONAL EQUIP
101.42300.43310 TRAVEL EXPENSE
09/14/2026 09:52 PM

2026
Amended
Budget

YTD Balance
08/31/2026
Normal (Abnormal)

Activity For
08/31/2026
Increase (Decrease)

Available
Balance 08/31/2026
Normal (Abnormal)

% Bdgt
Used

268,256.00
28,681.00
6,925.00
269,697.00
783.00
116,774.00
3,600.00
2,200.00
9,800.00
6,610.00
25,000.00
1,000.00
3,000.00
3,500.00
67,096.00
16,450.00
1,200.00
71,075.00
10,000.00
23,000.00
3,000.00
26,000.00
13,000.00
2,540.00
57,700.00
13,000.00

167,364.89
18,711.71
3,946.07
139,377.65
504.78
121,081.03
1,894.46
490.95
3,199.30
3,116.87
20,768.35
731.31
3,481.00
1,605.24
40,548.97
9,886.87
0.00
50,865.24
7,143.99
9,173.37
4,814.86
4,918.25
0.00
1,539.60
56,423.42
0.00

17,826.04
2,172.20
428.37
17,381.44
74.10
7,256.34
0.00
0.00
0.00
192.00
3,224.00
33.53
0.00
307.28
500.43
273.82
0.00
3,020.11
0.00
1,167.91
0.00
733.39
0.00
0.00
0.00
0.00

100,891.11
9,969.29
2,978.93
130,319.35
278.22
(4,307.03)
1,705.54
1,709.05
6,600.70
3,493.13
4,231.65
268.69
(481.00)
1,894.76
26,547.03
6,563.13
1,200.00
20,209.76
2,856.01
13,826.63
(1,814.86)
21,081.75
13,000.00
1,000.40
1,276.58
13,000.00

62.39
65.24
56.98
51.68
64.47
103.69
52.62
22.32
32.65
47.15
83.07
73.13
116.03
45.86
60.43
60.10
0.00
71.57
71.44
39.88
160.50
18.92
0.00
60.61
97.79
0.00

2,634,126.00

1,623,326.40

162,233.98

1,010,799.60

61.63

329,270.00
116,742.00

218,080.00
56,780.00

27,260.00
0.00

111,190.00
59,962.00

66.23
48.64

446,012.00

274,860.00

27,260.00

171,152.00

61.63

228,751.00
1,500.00
25,514.00
12,581.00
1,013.00
55,325.00
129.00
2,622.00
600.00
150.00
2,700.00
3,000.00
1,750.00
1,300.00
0.00
300.00

133,748.92
0.00
5,038.20
9,858.75
545.29
22,134.61
90.29
1,720.93
103.36
159.81
363.75
1,381.29
0.00
384.02
563.68
15.81

15,237.35
0.00
629.35
1,074.46
60.17
3,019.19
14.23
103.63
0.00
0.00
0.00
214.94
0.00
76.82
0.00
0.00

95,002.08
1,500.00
20,475.80
2,722.25
467.71
33,190.39
38.71
901.07
496.64
(9.81)
2,336.25
1,618.71
1,750.00
915.98
(563.68)
284.19

58.47
0.00
19.75
78.36
53.83
40.01
69.99
65.63
17.23
106.54
13.47
46.04
0.00
29.54
100.00
5.27

Page:

4/11

REVENUE AND EXPENDITURE REPORT FOR CITY OF SPRING LAKE PARK
Balance As Of 08/31/2026
2026
Amended
Budget

YTD Balance
08/31/2026
Normal (Abnormal)

Activity For
08/31/2026
Increase (Decrease)

Available
Balance 08/31/2026
Normal (Abnormal)

% Bdgt
Used

Fund: 101 GENERAL FUND
Account Category: Expenditures
Department: 42300 CODE ENFORCEMENT
101.42300.44000 CONTRACTUAL SERVICE
101.42300.44050 MAINTENANCE AGREEMENTS
101.42300.44300 CONFERENCE & SCHOOLS
101.42300.44330 DUES & SUBSCRIPTIONS

17,500.00
0.00
2,700.00
5,650.00

9,836.08
3,430.50
235.00
3,618.49

648.00
0.00
0.00
0.00

7,663.92
(3,430.50)
2,465.00
2,031.51

56.21
100.00
8.70
64.04

Total Dept 42300 - CODE ENFORCEMENT

363,085.00

193,228.78

21,078.14

169,856.22

53.22

190,130.00
10,100.00
4,525.00
0.00
1,900.00
15,500.00
15,810.00
910.00
39,492.00
105.00
12,320.00
2,500.00
20,000.00
500.00
6,000.00
12,000.00
16,000.00
5,000.00
3,000.00
12,500.00
2,170.00
370.00
4,000.00
1,300.00
245.00
35,000.00

101,806.39
5,791.72
1,573.55
135.47
0.00
8,594.76
8,661.05
459.72
19,643.08
72.53
11,506.40
2,339.60
16,329.25
0.00
454.06
5,468.47
42,110.85
1,080.00
19,088.78
7,435.49
1,721.67
64.00
468.00
1,467.00
104.00
0.00

12,664.35
131.04
0.00
0.00
0.00
959.68
951.38
50.58
2,717.63
11.59
805.89
331.20
2,564.58
0.00
0.00
2,677.38
563.20
1,080.00
0.00
0.00
0.00
12.80
0.00
0.00
0.00
0.00

88,323.61
4,308.28
2,951.45
(135.47)
1,900.00
6,905.24
7,148.95
450.28
19,848.92
32.47
813.60
160.40
3,670.75
500.00
5,545.94
6,531.53
(26,110.85)
3,920.00
(16,088.78)
5,064.51
448.33
306.00
3,532.00
(167.00)
141.00
35,000.00

53.55
57.34
34.77
100.00
0.00
55.45
54.78
50.52
49.74
69.08
93.40
93.58
81.65
0.00
7.57
45.57
263.19
21.60
636.29
59.48
79.34
17.30
11.70
112.85
42.45
0.00

411,377.00

256,375.84

25,521.30

155,001.16

62.32

304,680.00
34,476.00
4,500.00
22,852.00
26,290.00
1,513.00
43,385.00
155.00
19,925.00
2,600.00
500.00
500.00
15,000.00
16,335.00

189,207.19
39,614.38
0.00
14,844.22
17,771.96
941.10
29,534.74
108.45
17,176.62
1,221.48
0.00
200.32
9,056.02
308.65

23,618.28
13,111.38
0.00
1,771.37
2,755.63
145.11
3,968.58
17.10
1,571.43
0.00
0.00
0.00
3,977.00
0.00

115,472.81
(5,138.38)
4,500.00
8,007.78
8,518.04
571.90
13,850.26
46.55
2,748.38
1,378.52
500.00
299.68
5,943.98
16,026.35

62.10
114.90
0.00
64.96
67.60
62.20
68.08
69.97
86.21
46.98
0.00
40.06
60.37
1.89

GL Number

Description

Department: 43000 STREET DEPARTMENT
101.43000.41010 FULL TIME EMPLOYEES
101.43000.41013 OVERTIME
101.43000.41020 ON CALL SALARIES
101.43000.41040 TEMPORARY EMPLOYEES
101.43000.41050 VACATION BUY BACK
101.43000.41210 PERA CONTRIBUTIONS-EMPLOYER
101.43000.41220 FICA/MC CONTRIBUTIONS-EMPLOYER
101.43000.41230 MN PAID LEAVE
101.43000.41300 HEALTH INSURANCE
101.43000.41313 LIFE INSURANCE
101.43000.41510 WORKERS COMPENSATION
101.43000.42100 OPERATING SUPPLIES
101.43000.42120 MOTOR FUELS & LUBRICANTS
101.43000.42130 RUG SERVICE
101.43000.42150 SHOP MATERIALS
101.43000.42200 REPAIR & MAINTENANCE
101.43000.42210 EQUIPMENT PARTS
101.43000.42221 TIRES
101.43000.42224 STREET MAINT SUPPLIES
101.43000.42226 SIGNS & STRIPING
101.43000.42280 UNIFORM ALLOWANCE
101.43000.43210 TELEPHONE
101.43000.44000 CONTRACTUAL SERVICE
101.43000.44300 CONFERENCE & SCHOOLS
101.43000.44330 DUES & SUBSCRIPTIONS
101.43000.47000 PERMANENT TRANSFERS OUT
Total Dept 43000 - STREET DEPARTMENT
Department: 45100 RECREATION DEPARTMENT
101.45100.41010 FULL TIME EMPLOYEES
101.45100.41040 TEMPORARY EMPLOYEES
101.45100.41050 VACATION BUY BACK
101.45100.41210 PERA CONTRIBUTIONS-EMPLOYER
101.45100.41220 FICA/MC CONTRIBUTIONS-EMPLOYER
101.45100.41230 MN PAID LEAVE
101.45100.41300 HEALTH INSURANCE
101.45100.41313 LIFE INSURANCE
101.45100.41510 WORKERS COMPENSATION
101.45100.42000 OFFICE SUPPLIES
101.45100.42030 PRINTED FORMS
101.45100.42100 OPERATING SUPPLIES
101.45100.42220 POSTAGE
101.45100.42290 RECREATION EQUIP SUPPLIES
09/14/2026 09:52 PM

Page:

5/11

REVENUE AND EXPENDITURE REPORT FOR CITY OF SPRING LAKE PARK
Balance As Of 08/31/2026
2026
Amended
Budget

YTD Balance
08/31/2026
Normal (Abnormal)

Activity For
08/31/2026
Increase (Decrease)

Available
Balance 08/31/2026
Normal (Abnormal)

% Bdgt
Used

1,000.00
150.00
3,500.00
25,000.00
0.00
1,600.00
0.00
700.00
3,500.00
0.00

392.64
0.00
0.00
12,038.65
1,125.60
0.00
477.26
185.00
0.00
776.00

6.08
0.00
0.00
5,113.92
0.00
0.00
0.00
0.00
0.00
400.00

607.36
150.00
3,500.00
12,961.35
(1,125.60)
1,600.00
(477.26)
515.00
3,500.00
(776.00)

39.26
0.00
0.00
48.15
100.00
0.00
100.00
26.43
0.00
100.00

Total Dept 45100 - RECREATION DEPARTMENT

528,161.00

334,980.28

56,455.88

193,180.72

63.42

Department: 45200 PARKS DEPARTMENT
101.45200.41010 FULL TIME EMPLOYEES
101.45200.41013 OVERTIME
101.45200.41020 ON CALL SALARIES
101.45200.41040 TEMPORARY EMPLOYEES
101.45200.41050 VACATION BUY BACK
101.45200.41210 PERA CONTRIBUTIONS-EMPLOYER
101.45200.41220 FICA/MC CONTRIBUTIONS-EMPLOYER
101.45200.41230 MN PAID LEAVE
101.45200.41300 HEALTH INSURANCE
101.45200.41313 LIFE INSURANCE
101.45200.41510 WORKERS COMPENSATION
101.45200.42000 OFFICE SUPPLIES
101.45200.42001 SUPPLIES
101.45200.42100 OPERATING SUPPLIES
101.45200.42120 MOTOR FUELS & LUBRICANTS
101.45200.42200 REPAIR & MAINTENANCE
101.45200.42205 LAKESIDE PK EXP TO BE REIM
101.45200.42210 EQUIPMENT PARTS
101.45200.42220 POSTAGE
101.45200.42221 TIRES
101.45200.42225 LANDSCAPING MATERIALS
101.45200.42280 UNIFORM ALLOWANCE
101.45200.42290 RECREATION EQUIP SUPPLIES
101.45200.43210 TELEPHONE
101.45200.43810 ELECTRIC UTILITIES
101.45200.43830 GAS UTILITIES
101.45200.43841 RUBBISH REMOVAL
101.45200.44000 CONTRACTUAL SERVICE
101.45200.44190 SATELLITE RENTAL
101.45200.44300 CONFERENCE & SCHOOLS
101.45200.44330 DUES & SUBSCRIPTIONS
101.45200.44500 CONTRACTUAL SERVICES
101.45200.44502 RECREATION REFUNDS
101.45200.44901 LAKESIDE PARK EXPENSE

185,954.00
10,550.00
3,000.00
40,000.00
3,250.00
15,207.00
18,571.00
1,069.00
29,948.00
105.00
15,965.00
0.00
600.00
1,000.00
16,500.00
25,300.00
0.00
6,000.00
0.00
2,000.00
16,000.00
2,070.00
6,700.00
550.00
6,000.00
4,000.00
250.00
0.00
2,500.00
2,500.00
0.00
2,000.00
0.00
13,000.00

102,309.56
1,364.14
45.76
95,390.00
0.00
8,235.61
15,548.67
817.24
23,092.52
72.01
17,270.14
297.01
112.87
4,494.31
15,403.77
5,903.15
3,526.65
3,484.74
488.12
1,000.80
19,910.68
2,375.25
166.60
192.01
3,775.11
2,366.78
63.90
1,306.00
1,348.58
2,475.00
60.00
2,520.32
1,350.00
12,540.43

12,803.23
130.92
0.00
29,973.50
0.00
970.03
3,248.59
169.47
3,207.23
11.53
2,317.88
0.00
0.00
5.98
2,421.30
1,785.28
0.00
784.41
0.00
0.00
6,251.20
0.00
166.60
38.41
161.05
85.89
0.00
0.00
288.00
0.00
0.00
0.00
0.00
12,500.00

83,644.44
9,185.86
2,954.24
(55,390.00)
3,250.00
6,971.39
3,022.33
251.76
6,855.48
32.99
(1,305.14)
(297.01)
487.13
(3,494.31)
1,096.23
19,396.85
(3,526.65)
2,515.26
(488.12)
999.20
(3,910.68)
(305.25)
6,533.40
357.99
2,224.89
1,633.22
186.10
(1,306.00)
1,151.42
25.00
(60.00)
(520.32)
(1,350.00)
459.57

55.02
12.93
1.53
238.48
0.00
54.16
83.73
76.45
77.11
68.58
108.18
100.00
18.81
449.43
93.36
23.33
100.00
58.08
100.00
50.04
124.44
114.75
2.49
34.91
62.92
59.17
25.56
100.00
53.94
99.00
100.00
126.02
100.00
96.46

430,589.00

349,307.73

77,320.50

81,281.27

81.12

GL Number

Description

Fund: 101 GENERAL FUND
Account Category: Expenditures
Department: 45100 RECREATION DEPARTMENT
101.45100.43310 TRAVEL EXPENSE
101.45100.43410 EMPLOYMENT ADVERTISING
101.45100.43420 ENTERPRISE ADVERTISING
101.45100.43500 PRINTING & PUBLISHING
101.45100.44050 MAINTENANCE AGREEMENTS
101.45100.44300 CONFERENCE & SCHOOLS
101.45100.44310 TRAINING-PER CONTRACT
101.45100.44330 DUES & SUBSCRIPTIONS
101.45100.44501 PROGRAM EXPENSE
101.45100.44502 RECREATION REFUNDS

Total Dept 45200 - PARKS DEPARTMENT
Department: 49000 MISCELLANEOUS
09/14/2026 09:52 PM

Page:

6/11

REVENUE AND EXPENDITURE REPORT FOR CITY OF SPRING LAKE PARK
Balance As Of 08/31/2026
2026
Amended
Budget

YTD Balance
08/31/2026
Normal (Abnormal)

Activity For
08/31/2026
Increase (Decrease)

Available
Balance 08/31/2026
Normal (Abnormal)

% Bdgt
Used

Fund: 101 GENERAL FUND
Account Category: Expenditures
Department: 49000 MISCELLANEOUS
101.49000.41300 HEALTH INSURANCE
101.49000.43600 INSURANCE
101.49000.44000 CONTRACTUAL SERVICE
101.49000.44389 CONTINGENCY FUND
101.49000.44390 MISCELLANEOUS
101.49000.44420 SURCHARGES-PLBG
101.49000.44430 SURCHARGES-HTG
101.49000.44440 SURCHARGES-BLDG
101.49000.44480 SURCHARGES-ELECTRICAL
101.49000.47000 PERMANENT TRANSFERS OUT

525.00
69,615.00
5,000.00
46,339.00
10,000.00
200.00
400.00
5,000.00
100.00
40,000.00

394.81
62,208.20
0.00
1,000.00
731.14
80.05
117.55
1,139.59
161.87
0.00

35.20
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

130.19
7,406.80
5,000.00
45,339.00
9,268.86
119.95
282.45
3,860.41
(61.87)
40,000.00

75.20
89.36
0.00
2.16
7.31
40.03
29.39
22.79
161.87
0.00

Total Dept 49000 - MISCELLANEOUS

177,179.00

65,833.21

35.20

111,345.79

37.16

6,118,772.00

3,827,952.81

453,896.51

2,290,819.19

62.56

6,118,772.00
6,118,772.00

3,155,876.27
3,827,952.81

37,520.46
453,896.51

2,962,895.73
2,290,819.19

51.58
62.56

0.00

(672,076.54)

(416,376.05)

672,076.54

GL Number

Description

Expenditures
Fund 101 - GENERAL FUND:
TOTAL REVENUES
TOTAL EXPENDITURES
NET OF REVENUES & EXPENDITURES:

09/14/2026 09:52 PM

Page:

7/11

REVENUE AND EXPENDITURE REPORT FOR CITY OF SPRING LAKE PARK
Balance As Of 08/31/2026

GL Number

Description

Fund: 601 PUBLIC UTILITIES OPERATIONS
Account Category: Revenues
Department: 00000
601.00000.34950 REFUNDS & REIMB
601.00000.36210 INTEREST EARNINGS
601.00000.37101 WATER COLLECTIONS
601.00000.37103 SALES TAX ADDED
601.00000.37104 PENALTIES/WATER
601.00000.37109 SAFE DRINKING WATER FEE
601.00000.37111 ADMINISTRATIVE CHARGE
601.00000.37115 ESTIMATE READING CHRG
601.00000.37149 WATER CONNECTION CHRG-INTEREST
601.00000.37150 WATER CONNECTION CHARGES-WAC
601.00000.37151 WATER RECONNECTION
601.00000.37172 WATER METER SALES
601.00000.37201 SEWER COLLECTIONS
601.00000.37204 PENALTIES-SEWER
601.00000.37250 SEWER CONNECTION CHARGES-SAC
601.00000.37251 SEWER CONNECTION CHRG-INTEREST
601.00000.39206 TRANSFER FROM RECYCLING FUND
Total Dept 00000
Revenues
Account Category: Expenditures
Department: 49400 WATER DEPARTMENT
601.49400.41010 FULL TIME EMPLOYEES
601.49400.41013 OVERTIME
601.49400.41020 ON CALL SALARIES
601.49400.41040 TEMPORARY EMPLOYEES
601.49400.41050 VACATION BUY BACK
601.49400.41210 PERA CONTRIBUTIONS-EMPLOYER
601.49400.41220 FICA/MC CONTRIBUTIONS-EMPLOYER
601.49400.41230 MN PAID LEAVE
601.49400.41300 HEALTH INSURANCE
601.49400.41313 LIFE INSURANCE
601.49400.41510 WORKERS COMPENSATION
601.49400.42000 OFFICE SUPPLIES
601.49400.42030 PRINTED FORMS
601.49400.42100 OPERATING SUPPLIES
601.49400.42120 MOTOR FUELS & LUBRICANTS
601.49400.42200 REPAIR & MAINTENANCE
601.49400.42210 EQUIPMENT PARTS
601.49400.42220 POSTAGE
601.49400.42221 TIRES
601.49400.42222 STREET REPAIRS
601.49400.42261 WATER TESTING
601.49400.42262 WATER METER & SUPPLIES
601.49400.42264 SAFE DRINKING WATER FEE
601.49400.42280 UNIFORM ALLOWANCE
601.49400.43010 AUDIT & ACCTG SERVICES
601.49400.43030 ENGINEERING FEES
601.49400.43040 LEGAL FEES
09/14/2026 09:52 PM

2026
Amended
Budget

YTD Balance
08/31/2026
Normal (Abnormal)

Activity For
08/31/2026
Increase (Decrease)

Available
Balance 08/31/2026
Normal (Abnormal)

% Bdgt
Used

500.00
60,000.00
785,993.00
8,000.00
12,500.00
34,245.00
195,145.00
0.00
0.00
0.00
0.00
1,500.00
1,110,195.00
15,000.00
0.00
0.00
3,500.00

1,173.34
11,268.51
293,265.89
4,858.57
12,493.90
17,420.11
93,412.00
85.00
445.53
969.01
125.00
1,873.89
653,387.57
18,313.57
2,505.24
117.36
0.00

110.64
0.00
64.97
0.00
4,506.27
20.37
109.21
0.00
0.00
0.00
0.00
46.33
480.83
6,614.13
0.00
0.00
0.00

(673.34)
48,731.49
492,727.11
3,141.43
6.10
16,824.89
101,733.00
(85.00)
(445.53)
(969.01)
(125.00)
(373.89)
456,807.43
(3,313.57)
(2,505.24)
(117.36)
3,500.00

234.67
18.78
37.31
60.73
99.95
50.87
47.87
100.00
100.00
100.00
100.00
124.93
58.85
122.09
100.00
100.00
0.00

2,226,578.00

1,111,714.49

11,952.75

1,114,863.51

49.93

2,226,578.00

1,111,714.49

11,952.75

1,114,863.51

49.93

161,348.00
5,500.00
5,663.00
10,000.00
2,500.00
13,108.00
14,135.00
0.00
32,899.00
100.00
8,133.00
750.00
1,500.00
1,200.00
5,000.00
85,000.00
2,500.00
3,000.00
2,500.00
20,000.00
1,750.00
10,000.00
34,245.00
1,600.00
8,450.00
1,000.00
300.00

82,839.41
2,011.63
417.84
12,236.24
0.00
6,783.10
7,449.43
410.41
19,217.52
68.67
5,288.53
287.65
1,447.91
723.86
2,840.95
114,364.08
3,022.74
3,032.96
0.00
894.72
756.00
9,675.57
26,037.00
1,078.48
7,612.50
0.00
0.00

10,396.68
212.87
97.89
1,215.05
0.00
803.10
832.09
47.16
2,616.21
10.95
387.69
0.00
0.00
0.00
429.87
637.08
7.98
1,136.25
0.00
157.44
108.00
0.00
8,679.00
0.00
0.00
0.00
0.00

78,508.59
3,488.37
5,245.16
(2,236.24)
2,500.00
6,324.90
6,685.57
(410.41)
13,681.48
31.33
2,844.47
462.35
52.09
476.14
2,159.05
(29,364.08)
(522.74)
(32.96)
2,500.00
19,105.28
994.00
324.43
8,208.00
521.52
837.50
1,000.00
300.00

51.34
36.58
7.38
122.36
0.00
51.75
52.70
100.00
58.41
68.67
65.03
38.35
96.53
60.32
56.82
134.55
120.91
101.10
0.00
4.47
43.20
96.76
76.03
67.41
90.09
0.00
0.00

Page:

8/11

REVENUE AND EXPENDITURE REPORT FOR CITY OF SPRING LAKE PARK
Balance As Of 08/31/2026
2026
Amended
Budget

YTD Balance
08/31/2026
Normal (Abnormal)

Activity For
08/31/2026
Increase (Decrease)

Available
Balance 08/31/2026
Normal (Abnormal)

% Bdgt
Used

Fund: 601 PUBLIC UTILITIES OPERATIONS
Account Category: Expenditures
Department: 49400 WATER DEPARTMENT
601.49400.43210 TELEPHONE
601.49400.43310 TRAVEL EXPENSE
601.49400.43500 PRINTING & PUBLISHING
601.49400.43600 INSURANCE
601.49400.43870 WATER USAGE-CITY OF BLAINE
601.49400.44000 CONTRACTUAL SERVICE
601.49400.44050 MAINTENANCE AGREEMENTS
601.49400.44300 CONFERENCE & SCHOOLS
601.49400.44330 DUES & SUBSCRIPTIONS
601.49400.44370 TAXES
601.49400.47000 PERMANENT TRANSFERS OUT

1,145.00
1,500.00
14,500.00
25,000.00
12,000.00
9,000.00
12,120.00
2,700.00
1,500.00
12,000.00
152,303.00

256.01
0.00
12,661.87
24,228.75
4,530.10
15,152.42
12,471.92
2,706.00
362.50
10,648.47
0.00

51.21
0.00
0.00
0.00
0.00
1,878.51
1,646.50
0.00
0.00
0.00
0.00

888.99
1,500.00
1,838.13
771.25
7,469.90
(6,152.42)
(351.92)
(6.00)
1,137.50
1,351.53
152,303.00

22.36
0.00
87.32
96.92
37.75
168.36
102.90
100.22
24.17
88.74
0.00

Total Dept 49400 - WATER DEPARTMENT

675,949.00

391,515.24

31,351.53

284,433.76

57.92

Department: 49402 WATER TREATMENT PLANT
601.49402.42100 OPERATING SUPPLIES
601.49402.42120 MOTOR FUELS & LUBRICANTS
601.49402.42160 CHEMICALS & CHEMICAL PROD
601.49402.42200 REPAIR & MAINTENANCE
601.49402.42210 EQUIPMENT PARTS
601.49402.43030 ENGINEERING FEES
601.49402.43500 PRINTING & PUBLISHING
601.49402.43600 INSURANCE
601.49402.43810 ELECTRIC UTILITIES
601.49402.43830 GAS UTILITIES
601.49402.44000 CONTRACTUAL SERVICE
601.49402.44370 TAXES
601.49402.47000 PERMANENT TRANSFERS OUT

500.00
3,000.00
30,000.00
20,000.00
10,000.00
1,000.00
300.00
19,733.00
105,000.00
4,000.00
4,000.00
2,550.00
44,469.00

337.59
0.00
18,280.02
17,970.11
504.17
0.00
0.00
20,486.65
52,349.76
2,709.58
3,350.91
550.00
0.00

0.00
0.00
5,417.41
9,332.07
482.85
0.00
0.00
0.00
2,969.57
37.76
0.00
0.00
0.00

162.41
3,000.00
11,719.98
2,029.89
9,495.83
1,000.00
300.00
(753.65)
52,650.24
1,290.42
649.09
2,000.00
44,469.00

67.52
0.00
60.93
89.85
5.04
0.00
0.00
103.82
49.86
67.74
83.77
21.57
0.00

Total Dept 49402 - WATER TREATMENT PLANT

244,552.00

116,538.79

18,239.66

128,013.21

47.65

Department: 49450 SEWER DEPARTMENT
601.49450.41010 FULL TIME EMPLOYEES
601.49450.41013 OVERTIME
601.49450.41020 ON CALL SALARIES
601.49450.41040 TEMPORARY EMPLOYEES
601.49450.41050 VACATION BUY BACK
601.49450.41210 PERA CONTRIBUTIONS-EMPLOYER
601.49450.41220 FICA/MC CONTRIBUTIONS-EMPLOYER
601.49450.41230 MN PAID LEAVE
601.49450.41300 HEALTH INSURANCE
601.49450.41313 LIFE INSURANCE
601.49450.41510 WORKERS COMPENSATION
601.49450.42000 OFFICE SUPPLIES
601.49450.42030 PRINTED FORMS
601.49450.42100 OPERATING SUPPLIES
601.49450.42120 MOTOR FUELS & LUBRICANTS
601.49450.42200 REPAIR & MAINTENANCE
601.49450.42210 EQUIPMENT PARTS
601.49450.42220 POSTAGE
601.49450.42221 TIRES
601.49450.42222 STREET REPAIRS

161,347.00
5,500.00
5,417.00
10,000.00
2,500.00
13,108.00
14,135.00
0.00
32,899.00
100.00
10,555.00
500.00
1,600.00
500.00
4,000.00
15,000.00
6,000.00
2,500.00
3,000.00
3,000.00

82,829.31
2,010.58
417.35
12,235.51
0.00
6,780.86
7,447.11
409.06
19,214.32
67.56
4,915.26
58.02
1,447.90
0.00
2,762.48
28,287.50
3,534.44
2,642.97
0.00
79.87

10,395.73
212.74
97.81
1,214.95
0.00
802.91
831.88
47.02
2,615.96
10.89
387.62
0.00
0.00
0.00
429.86
13,886.00
480.15
746.25
0.00
79.87

78,517.69
3,489.42
4,999.65
(2,235.51)
2,500.00
6,327.14
6,687.89
(409.06)
13,684.68
32.44
5,639.74
441.98
152.10
500.00
1,237.52
(13,287.50)
2,465.56
(142.97)
3,000.00
2,920.13

51.34
36.56
7.70
122.36
0.00
51.73
52.69
100.00
58.40
67.56
46.57
11.60
90.49
0.00
69.06
188.58
58.91
105.72
0.00
2.66

GL Number

Description

09/14/2026 09:52 PM

Page:

9/11

REVENUE AND EXPENDITURE REPORT FOR CITY OF SPRING LAKE PARK
Balance As Of 08/31/2026
2026
Amended
Budget

YTD Balance
08/31/2026
Normal (Abnormal)

Activity For
08/31/2026
Increase (Decrease)

Available
Balance 08/31/2026
Normal (Abnormal)

% Bdgt
Used

Fund: 601 PUBLIC UTILITIES OPERATIONS
Account Category: Expenditures
Department: 49450 SEWER DEPARTMENT
601.49450.42262 WATER METER & SUPPLIES
601.49450.42280 UNIFORM ALLOWANCE
601.49450.43010 AUDIT & ACCTG SERVICES
601.49450.43030 ENGINEERING FEES
601.49450.43040 LEGAL FEES
601.49450.43210 TELEPHONE
601.49450.43310 TRAVEL EXPENSE
601.49450.43500 PRINTING & PUBLISHING
601.49450.43600 INSURANCE
601.49450.43810 ELECTRIC UTILITIES
601.49450.43840 METRO WASTE CONTROL
601.49450.44000 CONTRACTUAL SERVICE
601.49450.44050 MAINTENANCE AGREEMENTS
601.49450.44300 CONFERENCE & SCHOOLS
601.49450.44330 DUES & SUBSCRIPTIONS
601.49450.44390 MISCELLANEOUS
601.49450.44450 RESERVE CAPACITY CHARGES
601.49450.47000 PERMANENT TRANSFERS OUT

5,000.00
1,550.00
8,450.00
1,000.00
300.00
875.00
500.00
300.00
24,100.00
6,250.00
646,215.00
10,000.00
9,995.00
1,500.00
300.00
9,193.00
12,425.00
276,463.00

0.00
1,078.33
7,612.50
0.00
0.00
256.03
0.00
0.00
24,210.75
3,066.31
431,359.76
12,708.77
7,771.85
1,250.00
212.50
0.00
2,771.44
0.00

0.00
0.00
0.00
0.00
0.00
51.22
0.00
0.00
0.00
232.08
107,702.44
(22,500.04)
1,646.50
0.00
0.00
0.00
0.00
0.00

5,000.00
471.67
837.50
1,000.00
300.00
618.97
500.00
300.00
(110.75)
3,183.69
214,855.24
(2,708.77)
2,223.15
250.00
87.50
9,193.00
9,653.56
276,463.00

0.00
69.57
90.09
0.00
0.00
29.26
0.00
0.00
100.46
49.06
66.75
127.09
77.76
83.33
70.83
0.00
22.31
0.00

Total Dept 49450 - SEWER DEPARTMENT

1,306,077.00

667,438.34

119,371.84

638,638.66

51.10

2,226,578.00

1,175,492.37

168,963.03

1,051,085.63

52.79

2,226,578.00
2,226,578.00

1,111,714.49
1,175,492.37

11,952.75
168,963.03

1,114,863.51
1,051,085.63

49.93
52.79

0.00

(63,777.88)

(157,010.28)

63,777.88

GL Number

Description

Expenditures
Fund 601 - PUBLIC UTILITIES OPERATIONS:
TOTAL REVENUES
TOTAL EXPENDITURES
NET OF REVENUES & EXPENDITURES:

09/14/2026 09:52 PM

Page:

10/11

REVENUE AND EXPENDITURE REPORT FOR CITY OF SPRING LAKE PARK
Balance As Of 08/31/2026

GL Number

Description

Fund: 603 STORMWATER UTILITY
Account Category: Revenues
Department: 00000
603.00000.36210 INTEREST EARNINGS
603.00000.36504 STORMWATER COLLECTION
603.00000.36506 STORMWATER PENALITIES
Total Dept 00000
Revenues

2026
Amended
Budget

YTD Balance
08/31/2026
Normal (Abnormal)

Activity For
08/31/2026
Increase (Decrease)

Available
Balance 08/31/2026
Normal (Abnormal)

% Bdgt
Used

2,500.00
160,819.00
1,500.00

405.63
81,465.54
2,074.87

0.00
53.43
789.09

2,094.37
79,353.46
(574.87)

16.23
50.66
138.32

164,819.00

83,946.04

842.52

80,872.96

50.93

164,819.00

83,946.04

842.52

80,872.96

50.93

Account Category: Expenditures
Department: 49785 STORMWATER UTILITY
603.49785.41010 FULL TIME EMPLOYEES
603.49785.41050 VACATION BUY BACK
603.49785.41210 PERA CONTRIBUTIONS-EMPLOYER
603.49785.41220 FICA/MC CONTRIBUTIONS-EMPLOYER
603.49785.41230 MN PAID LEAVE
603.49785.41300 HEALTH INSURANCE
603.49785.41313 LIFE INSURANCE
603.49785.41510 WORKERS COMPENSATION
603.49785.42200 REPAIR & MAINTENANCE
603.49785.42280 UNIFORM ALLOWANCE
603.49785.43030 ENGINEERING FEES
603.49785.43040 LEGAL FEES
603.49785.43310 TRAVEL EXPENSE
603.49785.44000 CONTRACTUAL SERVICE
603.49785.44389 CONTINGENCY FUND
603.49785.45000 CAPITAL OUTLAY

27,488.00
1,000.00
2,137.00
2,180.00
109.00
4,339.00
16.00
1,709.00
20,000.00
300.00
10,000.00
500.00
200.00
29,650.00
691.00
64,500.00

17,189.15
0.00
1,339.98
1,335.63
70.88
2,786.19
10.85
676.12
26,477.41
87.51
568.00
0.00
0.00
17,867.50
0.00
0.00

2,118.92
0.00
158.92
157.55
8.36
379.94
1.72
79.02
0.00
0.00
0.00
0.00
0.00
3,970.00
0.00
0.00

10,298.85
1,000.00
797.02
844.37
38.12
1,552.81
5.15
1,032.88
(6,477.41)
212.49
9,432.00
500.00
200.00
11,782.50
691.00
64,500.00

62.53
0.00
62.70
61.27
65.03
64.21
67.81
39.56
132.39
29.17
5.68
0.00
0.00
60.26
0.00
0.00

Total Dept 49785 - STORMWATER UTILITY

164,819.00

68,409.22

6,874.43

96,409.78

41.51

164,819.00

68,409.22

6,874.43

96,409.78

41.51

164,819.00
164,819.00

83,946.04
68,409.22

842.52
6,874.43

80,872.96
96,409.78

50.93
41.51

0.00

15,536.82

(6,031.91)

(15,536.82)

TOTAL REVENUES - ALL FUNDS
TOTAL EXPENDITURES - ALL FUNDS

8,510,169.00
8,510,169.00

4,351,536.80
5,071,854.40

50,315.73
629,733.97

4,158,632.20
3,438,314.60

NET OF REVENUES & EXPENDITURES:

0.00

(720,317.60)

(579,418.24)

720,317.60

Expenditures
Fund 603 - STORMWATER UTILITY:
TOTAL REVENUES
TOTAL EXPENDITURES
NET OF REVENUES & EXPENDITURES:
Report Totals:

09/14/2026 09:52 PM

Page:

51.13
59.60

11/11

CASH SUMMARY REPORT FOR CITY OF SPRING LAKE PARK
From 01/01/2026 to 08/31/2026
Fund Description

101
102
103
104
108
112
115
224
225
226
227
229
230
234
235
237
238
240
243
244
248
249
250
251
304
306
331
335
384
400
401
402
403
407
410
416
434
435
600
601
603
700
705
750

Beginning
Balance
01/01/2026

Total
Debits

Total
Credits

Ending
Balance
08/31/2026

GENERAL FUND
ELECTION FUND
POLICE RESERVES & SAFETY EDUCATION FUND
NORTH CENTRAL SUBURBAN CABLE
POLICE FORFEITURES
ESCROW TRUST FUND
COMPREHENSIVE PLAN UPDATE
SMALL EQUIPMENT FUND
PARK ACQUISITION & IMPRV FUND
PARK EQUIPMENT & IMPRV
HRA EXCESS
SANBURNOL PARK IMPROVEMENT FUND
RECYCLING FUND
STREET LIGHTING FUND
RIGHT OF WAY MAINT
PARK & RECREATION SPECIAL PRJ
GRANTS & SPECIAL PRJ
TOWER DAYS
PUBLIC SAFETY RADIO REPLACEMENT
RECREATION PROGRAMS FUND
TRAFFIC EDUCATION FUND
EMERGENCY MANAGEMENT
ANIMAL CONTROL
FORESTRY
N METRO TELECOMMUNICATIONS 2016A
LEGENDS OF SLP-TIF 6.1
2017A GO EQUIP CERT DEBT (SBM FIRE)
2024A G. O. C. I. P. BOND
2005A G.O. CAPITAL (FIRE) IMPROV BOND
REVOLVING CONSTRUCTION FUND
CAPITAL INVESTMENT FUND
MSA MAINTENANCE
CAPITAL REPLACEMENT
SEALCOATING FUND
LAKESIDE LIONS PARK IMPROVEMENT
BUILDING MAINT & RENEWAL FUND
EQUIPMENT FUND
2024 CITY HALL RENOVATION/EXPANSION PRO
PUBLIC UTILITIES RENEWAL & REPLACEMENT
PUBLIC UTILITIES OPERATIONS
STORMWATER UTILITY
SEVERANCE FUND
PUBLIC SAFETY AID
PAYROLL CLEARING

3,093,611.19
109,614.09
25,240.68
19,457.93
16,263.48
138,701.08
11,343.58
7,458.73
92,342.52
278,941.81
147,466.88
33,534.03
118,451.44
92,292.09
2,121.81
5,607.72
2,126.67
26,695.79
135,688.59
475,702.97
38,375.87
23,147.93
6,519.59
119,367.16
0.00
78,469.79
0.00
165,969.66
0.00
1,112,388.18
1,890,912.07
279,265.64
456,227.04
278,674.22
24,089.32
224,052.08
41,599.27
1,204,802.92
1,767,622.12
390,855.67
75,543.04
33,504.71
194,293.50
91,634.78

3,409,447.93
2,860.75
4,138.75
4,973.69
75.49
39,444.27
57.25
11,350.60
465.79
1,935.55
216,154.52
3,177.63
168,310.09
29,019.03
10.70
28.30
15,014.70
17,151.80
684.51
511,335.30
193.71
116.75
29.45
541.00
1.52
24,582.63
80.17
140,968.39
297.62
102,841.56
9,544.22
106,006.83
2,300.25
68,766.37
121.58
1,074.11
213,439.44
6,066.18
112,384.88
1,715,587.55
107,132.04
0.00
980.68
1,598,151.53

4,098,615.30
3,622.42
2,348.26
0.00
4,174.69
21,893.50
0.00
14,218.83
1,144.00
34,600.14
53,330.51
0.00
146,321.95
26,884.84
0.00
295.44
0.00
41,603.44
484.02
408,268.23
0.00
70.76
1,912.50
59,200.00
0.00
75,808.46
0.00
161,975.00
23,409.00
41,207.45
0.00
34,547.97
2,200.00
7,376.45
0.00
20,366.77
63,061.45
20,498.48
18,101.01
1,388,697.06
66,640.28
36,174.67
0.00
1,489,151.48

2,404,443.82
108,852.42
27,031.17
24,431.62
12,164.28
156,251.85
11,400.83
4,590.50
91,664.31
246,277.22
310,290.89
36,711.66
140,439.58
94,426.28
2,132.51
5,340.58
17,141.37
2,244.15
135,889.08
578,770.04
38,569.58
23,193.92
4,636.54
60,708.16
1.52
27,243.96
80.17
144,963.05
(23,111.38)
1,174,022.29
1,900,456.29
350,724.50
456,327.29
340,064.14
24,210.90
204,759.42
191,977.26
1,190,370.62
1,861,905.99
717,746.16
116,034.80
(2,669.96)
195,274.18
200,634.83

REPORT TOTALS:

13,329,977.64

8,646,845.11

8,368,204.36

13,608,618.39

09/14/2026 09:55 PM

Page:

1/1

Fifth Street Towers
150 South Fifth Street, Suite 700
Minneapolis, MN 55402
(612) 337-9300 telephone
(612) 337-9310 fax
www.kennedy-graven.com
Affirmative Action, Equal Opportunity Employer

JOSEPH L. SATHE
Attorney at Law
Direct Dial: (612) 337-9255
Email: [email protected]

September 16, 2026
VIA EMAIL ONLY
Mr. Daniel Buchholtz
City Administrator
City of Spring Lake Park
1301 81st Avenue NE
Spring Lake Park, MN 55432-2116
Re:

2026 Second Half Suburban Rate Authority Assessment

Dear Mr. Buchholtz:
Enclosed is the second half assessment for 2026 membership in the SRA. Please note that if the
City has already paid its full 2026 assessment, we are still attaching the notice confirming the
$0.00 owing for 2026, and the attached updates. The SRA member option to cover its full annual
assessment with the first half assessment invoice is always available to avoid the administration
of two installments rather than one.
Since March, the SRA had a busy few months due to two rate case proceedings before the Public
Utilities Commission (PUC): Xcel Electric and Xcel Gas. The SRA continues to discuss ways to
regulate utilities in the right-of-way and other matters of specific interest to members.
The PUC issued a final order in the Xcel Electric case in July, but it is being appealed by other
parties. The SRA’s primary goal in the case was mitigating and spreading proposed increases to
streetlighting rates over time as the PUC seeks to align those rates with associated costs. The final
order included a faster schedule than the SRA and other parties suggested, but the order also
included lower increases to the residential and small business customers, which the SRA generally
supports.
The Xcel Gas case proceeding is ongoing and, while the SRA did not submit specific testimony,
we have been active participants. The SRA signed on to a global settlement that includes all but
one party and is now addressing questions and issues resulting from that settlement. The SRA will
continue to monitor and participate in this rate case as appropriate.
We value your membership in the SRA. Membership assists suburban communities address
important utility rates, utility right-of-way use, and related issues.

Mr. Daniel Buchholtz
September 15, 2026
Page 2
Best regards,
/s/ Joseph L. Sathe
Joseph L. Sathe
Legal Counsel
Attachment
cc:

SRA Delegate
Bob Vose, General Counsel

SUBURBAN RATE AUTHORITY

INVOICE

150 South Fifth Street, Suite 700
Minneapolis, MN 55402
(612) 337-9255

DATE: 09/15/2026
INVOICE NO.: 026-2
TO:
Mr. Daniel Buchholtz
City Administrator
City of Spring Lake Park
1301 81st Avenue NE
Spring Lake Park, MN 55432-2116

DESCRIPTION

NUMBER OF VOTES

AMOUNT

2

$1,016.00

2026 Membership Assessment:
($508.00 per vote)
Assessment Paid:

$508.00

Second Half Assessment Due and
Payable:

$ 508.00

Please Send Payment To:
Mr. Darin Nelson
Treasurer
Suburban Rate Authority
Minnetonka City Hall
14600 Minnetonka Boulevard
Minnetonka, MN 55345-1502

City of Spring Lake Park
1301 81st Avenue NE
Spring Lake Park, MN 55432
763-784-6491
Contractor's Licenses
September 21, 2026
General Contractor
Flock Group, Inc. dba Flock Safety
Foundry Home Solutions, LLC.

Mechanical Contractor
Hertz Mechanical
MSP Plumbing, Heating and Air

Plumbing Contractor
Liberty Plumbing
Mr. Rooter Plumbing
MSP Plumbing, Heating and Air

Sewer & Water Contractor
Mr. Rooter Plumbing

Police Report
August 2026
Submitted for Council Meeting: September 21, 2026

The Spring Lake Park Police Department responded to seven-hundred and seventy-one calls for service
for the month of August 2026. This is compared to responding to eight-hundred and eleven calls for
service in August 2025. Our highest calls continue to be alarms, domestics, medicals, accidents,
suspicion calls, welfare checks and traffic.
The police department would like to remind residents that school is back in session. We will be having
school buses driving on our streets, along with students driving and walking to and from school. The
police department would like to remind everyone to allow extra time for traveling to and from your
destinations to help prevent any unfortunate incidents happening and to help keep our roadways and
those utilizing them safe! On behalf of the police department, I would like to thank everyone in advance
for your attention with this matter. Working together, we can help each other keep everyone safe. For
further information on bus safety please see the Minnesota Department of Public Safety website and
navigate to the Commercial Vehicle section for School Bus Safety.
The Spring Lake Park Police Department participated in “Night to Unite” again this year on August 4th,
2026. It was great for all of us to get out and connect with the individual neighborhoods again this year.
We attended 13 parties throughout the city. We look forward to next year’s events on August 3rd, 2026.
Detective Imig reports handling eleven felony cases and one gross misdemeanor case. Detective Imig
also continues to monitor three forfeiture cases. For further details, see Detective Imig’s attached
report.
The month of August 2026 kept me busy with the operations of the police department along with
meetings and trainings. See some highlights below:







Night to Unite
MN Chiefs of Police Regional Rep meeting
Department head meeting
Safety committee meeting
CIT IT meetings
Hennepin Tech advisory board meeting.








Hennepin Tech graduation for LE students
Department of Corrections Juvenile Justice and Delinquency Prevention Act (JJDPA)
compliance check.
New hire background and meetings
Coordinated Lakeside park camera install
Several Tyler trainings
Alexandra House meeting

This will conclude my report for the month of August 2026.
I will take any questions there may be.
Thank you,
Chief Antoine

Spring Lake Park Police Department
Investigator
Tony Bennek

Monthly Report
August 2026

Total Case Load
Case Load by Level of Offense: 37
Felony
Gross Misdemeanor
Misdemeanor

11
1
0

Case Dispositions:
County Attorney
Juvenile County Attorney
City Attorney
Forward to Other Agency
SLP Liaison
Carried Over
Unfounded
Exceptionally Cleared
Closed/Inactive

4
1
0
0
0
5
0
0
7

Forfeitures:
Active Forfeitures
Forfeitures Closed

3
0

Memorandum
To:

Mayor Nelson and Members of the City Council

From:

Daniel R. Buchholtz, ICMA-CM, Administrator, Clerk/Treasurer

Date:

September 15, 2026

Subject:

Proposed Preliminary 2026 Property Tax Levy Collectible in 2027

The City Council is being asked to adopt the City’s preliminary 2026 property tax levy, collectible in
2027, in the amount of $5,270,704. The preliminary levy establishes the maximum amount the City
may levy for 2027. The City Council may reduce the levy when the final budget and levy are adopted
in December, but it may not increase the levy above the amount established in September.
The proposed levy is based on the 2027 Council Preliminary General Fund Budget developed
through the City Council’s budget work sessions. The General Fund budget totals $6,495,115, an
increase of $376,343, or 6.15%, from the 2026 amended budget. The budget is balanced without
using General Fund reserves and continues to use $125,000 of remaining one-time Public Safety
Aid.
The proposed levy is comprised of the following:
Levy Component
General Revenue
Capital Improvement Plan
2022 Street Improvement Project
2024 Street Improvement Project
2024A G.O. CIP Bond
Total City Levy

2027
2026 Levy
Proposed
Change
% Change
$4,310,534
$4,588,922
$278,388
6.46%
$204,320
$214,536
$10,216
5.00%
$24,078
$24,078
$0
0.00%
$28,421
$28,421
$0
0.00%
$414,747
$414,747
$0
0.00%
$4,982,100
$5,270,704
$288,604
5.79%

The levy adopted by Resolution No. 2026-43 is consistent with these amounts.
The 2027 budget reflects several decisions made during the Council’s budget review, including
increasing the Parks and Recreation Office Support Specialist position from 28 to 40 hours per
week, replacing the proposed Police Administrative Captain position with an Administrative
Sergeant, and making operating reductions in several departments. The Police Department accounts
for the largest portion of the General Fund increase, primarily due to wages, health insurance,
retirement contributions and other personnel costs.

The budget does not rely on General Fund reserves to balance operations. The City is projected to
begin 2027 with approximately $3.73 million in General Fund balance, equal to approximately 52%
of annual General Fund spending.
A 5.79% increase in the overall City levy does not mean that every property owner’s City taxes will
increase by 5.79%. Individual tax impacts depend on how a property’s value changes relative to
other properties in the City and other factors used in the property tax calculation.
For illustration, assuming a residential property increases in value by the Citywide average of
approximately 6.1%, a median-value homesteaded property valued at approximately $296,180 in
2026 is estimated to experience an increase of approximately $92 per year, or $7.63 per month, in
City property taxes. Actual taxes will depend on final property values and tax information provided
by the counties.
Following adoption of the preliminary levy, staff will continue to review revenue and expenditure
estimates and incorporate updated information before final budget adoption. The City’s Truth in
Taxation public hearing is scheduled for Monday, December 7, 2026, at 7:00 p.m. at City Hall. The
final 2027 budget and property tax levy will return to the City Council for consideration following
the hearing.
Recommendation
Staff recommends that the City Council approve Resolution No. 2026-43, adopting the proposed
2026 property tax levy collectible in 2027 in the amount of $5,270,704.

If you have any questions, please do not hesitate to contact me at 763-784-6491.

RESOLUTION NO. 2026-43
RESOLUTION ADOPTING PROPOSED 2026 TAX LEVY COLLECTIBLE IN 2027

BE IT RESOLVED by the City Council of the City of Spring Lake Park, Anoka and
Ramsey Counties, Minnesota, that the following sums of money be levied for the current year,
collectible in 2027, upon the taxable property in said City of Spring Lake Park, Minnesota:
General Revenue
Capital Improvement Plan Levy
2022 Street Improvement Project Levy
2024 Street Improvement Project Levy
2024A G.O. Capital Improvement Plan Bond
TOTAL LEVY:

$4,588,922
$ 214,536
$ 24,078
$ 28,421
$ 414,747
$5,270,704

BE IT FURTHER RESOLVED that the City Clerk of the City of Spring Lake Park is
hereby instructed to transmit a certified copy of this resolution to the County Auditors of Anoka
and Ramsey Counties, Minnesota; and
BE IT FURTHER RESOLVED that the annual Truth in Taxation Public Hearing is
scheduled to be held at 7:00 P.M. on Monday, December 7, 2026 at City Hall, 1301 81st Ave NE.

The foregoing resolution was moved for adoption by
Upon roll call, the following voted aye:
And the following voted nay:
Whereupon the Mayor declared said resolution duly passed and adopted this 21st day of
September, 2026.

Robert Nelson, Mayor
ATTEST:

Daniel R. Buchholtz, Administrator

Memorandum
To:

Mayor Nelson and Members of the City Council

From:

Daniel R. Buchholtz, ICMA-CM, Administrator, Clerk/Treasurer

Date:

August 17, 2026

Subject:

Reduction of 2027 Bond Levy – 2024A G.O. Capital Improvement Plan Bonds

Resolution No. 2026-44 authorizes a $185,275.50 reduction in the property tax levy otherwise
required for the 2027 installment of the City’s 2024A General Obligation Capital Improvement Plan
Bonds. The resolution recognizes that these funds are already available and on hand and directs the
Anoka and Ramsey County Auditors to reduce the amount that would otherwise be levied for
collection in 2027.
The funds used to offset the bond levy will come from two sources: Public Utilities funds
attributable to the utility-related portion of the City Hall renovation/expansion project and
remaining fund balance in the capital project fund established for the City Hall
Renovation/Expansion project. Using these available funds reduces the amount that must be
collected from property taxpayers while continuing to provide sufficient resources for the City’s
scheduled debt payment.
Minnesota Statutes §475.61 permits the City to reduce the otherwise required levy when sufficient
funds are irrevocably available for payment of the debt. Resolution No. 2026-44 formally documents
that availability and authorizes the counties to make the corresponding levy reduction.
Recommendation
Staff recommends approval of Resolution No. 2026-44, Cancelling or Reducing Bond Levies –
2026/2027.

If you have any questions, please do not hesitate to contact me at 763-784-6491.

RESOLUTION NO. 2026-44
RESOLUTION CANCELLING OR REDUCING BOND LEVIES – 2026/2027

BE IT RESOLVED by the City Council of the City of Spring Lake Park, Anoka and
Ramsey Counties, Minnesota, that there are, irrevocably available and on-hand, funds for the
following General Obligation bond(s):
1. The sum of $185,275.50 for the 2027 installment of the 2024A G.O. Capital
Improvement Plan Bond.
BE IT FURTHER RESOLVED that, in accordance with Minnesota Statutes Section
475.61, as amended from time to time, the County Auditors of Anoka and Ramsey Counties are
hereby authorized and directed to reduce by the amounts above mentioned the tax that would
otherwise be included on the rolls for 2026, collectable in 2027.
BE IT FURTHER RESOLVED that the City Clerk of the City of Spring Lake Park is
hereby instructed to transmit a certified copy of this resolution to the County Auditors of Anoka
and Ramsey Counties, Minnesota.

The foregoing resolution was moved for adoption by.
Upon roll call, the following voted aye:
And the following voted nay:
Whereupon the Mayor declared said resolution duly passed and adopted this 21st day of
September, 2026.

Robert Nelson, Mayor
ATTEST:

Daniel R. Buchholtz, Administrator

Memorandum
To:
From:
Date:
Subject:

Mayor Nelson and Members of the City Council
Daniel R. Buchholtz, ICMA-CM, Administrator, Clerk/Treasurer
September 16, 2026
Reimbursement of City Hall Project Expenditures and Transfer of Bond
Proceeds

Resolution No. 2026-45 authorizes two accounting transfers related to the 2024 City Hall
Renovation/Expansion Project and the 2024A G.O. Capital Improvement Plan Bonds.
Prior to issuance of the bonds, the City paid $267,177.69 in eligible City Hall renovation and
expansion costs from Fund 416 – Building Maintenance and Renewal. The resolution reimburses
Fund 416 for those expenditures using proceeds from Fund 435 – 2024 City Hall
Renovation/Expansion Project.
The resolution also transfers $547,609.09 from Fund 435 to Fund 335 – 2024 G.O. Capital
Improvement Plan Bond Debt Service Fund. These funds are not presently needed for project
expenditures and will instead be available for payment of principal and interest on the bonds. A
balance will remain in Fund 435 to cover any remaining eligible project costs, contingencies, or other
lawful expenditures associated with the project.
Recommendation
Staff recommends approval of Resolution No. 2026-45 authorizing reimbursement of eligible City
Hall project expenditures and the partial transfer of bond proceeds to the 2024 G.O. Capital
Improvement Plan Bond Debt Service Fund.
If you have any questions, please do not hesitate to contact me at 763-784-6491.

RESOLUTION NO. 2026-45
RESOLUTION AUTHORIZING REIMBURSEMENT OF PROJECT EXPENDITURES
FROM BOND PROCEEDS AND PARTIAL TRANSFER OF BOND PROCEEDS TO THE
2024 G.O. CAPITAL IMPROVEMENT PLAN BOND DEBT SERVICE FUND
WHEREAS, the City of Spring Lake Park previously incurred expenditures related to the City
Hall Renovation/Expansion Project from Fund 416 – Building Maintenance and Renewal; and
WHEREAS, the City subsequently issued the 2024A G.O. Capital Improvement Plan Bond
(the “Bonds”) to finance costs associated with the project; and
WHEREAS, certain eligible project expenditures totaling $267,177.69, were paid from Fund
416 – Building Maintenance and Renewal, and may properly be reimbursed from proceeds of the
Bonds; and
WHEREAS, the City Council has determined that a portion of the available bond proceeds is
not presently needed for project expenditures and may appropriately be transferred to the debt service
fund established for the Bonds, while retaining sufficient funds in the capital project fund for remaining
project costs, contingencies, and other eligible expenditures; and
WHEREAS, the City Council finds it appropriate to transfer $547,609.09 from Fund 435 –
2024 City Hall Renovation/Expansion Project to Fund 335 – 2024 G.O. Capital Improvement Plan for
payment of principal and interest on the Bonds or other purposes permitted by the bond documents and
applicable law.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Spring Lake
Park that the Administrator, Clerk/Treasurer is hereby authorized to make the transfer specified below:
Fund
Debit
Fund 435 (2024 City Hall Renovation/Expansion ($ 814,786.78)
Project)
Fund 416 (Building Renewal and Maintenance)
Fund 335 (2024 G.O. CIP Bond)
($ 814,786.78)

Credit

$
$

267,177.69
547,609.09
814,786.78

BE IT FURTHER RESOLVED that the balance remaining in Fund 435 (2024 City Hall
Renovation/Expansion Project) shall be retained for remaining eligible project costs, contingencies,
and other lawful purposes associated with the project and the Bonds.
BE IT FURTHER RESOLVED that the Administrator, Clerk/Treasurer is hereby authorized
to make any accounting entries and take any other administrative actions necessary to implement this
Resolution.

The foregoing Resolution was moved for adoption by Councilmember .
Upon Vote being taken thereon, the following voted in favor thereof:
And the following voted against the same:

Whereon the Mayor declared said Resolution duly passed and adopted the ___th day of
______________ 2026.

APPROVED BY:

Robert Nelson, Mayor
ATTEST:

Daniel R. Buchholtz, City Administrator

CITY OF SPRING LAKE PARK, MINNESOTA
RESOLUTION NO. 26-36
A RESOLUTION ACCEPTING DONATION FROM MR. KEITH SCHWEIGER FOR
THE SPRING LAKE PARK POLICE DEPARTMENT FLOCK CAMERA PROGRAM
WHEREAS, the Spring Lake Park Police Department initiated its Flock camera program in
2024 by installing cameras at two key locations: County Road 10 and Able Street, as well as
Osborne Road and Able Street; and
WHEREAS, each Flock camera incurs an annual recurring subscription fee of $3,000; and
WHEREAS, in 2024 the City allocated $3,800 to fund one camera and installation, and Mr.
Keith Schweiger, owner of Perfect 10 Auto Sales, generously donated $3,000 to cover the cost of
the second camera; and
WHEREAS, Mr. Schweiger has once again demonstrated his commitment to public safety by
agreeing to contribute $3,000 to cover half of the cost for the upcoming year’s subscription for
one of the cameras; and
WHEREAS, the second camera’s subscription cost will be covered through the Police
Department’s existing budget.
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Spring Lake
Park formally accepts the generous donation of $3,000 from Mr. Keith Schweiger to support the
continued operation of the Flock camera program; and
BE IT FURTHER RESOLVED, that the City expresses its sincere appreciation and gratitude
to Mr. Schweiger for his continued support and commitment to the safety and well-being of the
Spring Lake Park community.

The foregoing resolution was moved for adoption by
Upon roll call, the following voted aye:
And the following voted nay:

Whereupon the Mayor declared said resolution duly passed and adopted this 8th day of
September 2026.

Robert Nelson, Mayor

ATTEST:

Daniel R. Buchholtz, Administrator

Memorandum
To:
From:
Date:
Subject:

Mayor Nelson and Members of the City Council
Daniel R. Buchholtz, ICMA-CM, Administrator, Clerk/Treasurer
September 16, 2026
Request for Proposals – Professional Auditing Services

Staff is requesting authorization to issue a Request for Proposals for professional auditing services
beginning with the fiscal year ending December 31, 2026. The City last conducted an RFP for
independent annual audit services in September 2013. The proposed RFP provides for an initial
five-year engagement covering fiscal years 2026 through 2030, with the option to extend the
engagement for up to five additional one-year periods through 2035.
The RFP generally reflects the audit services the City currently receives, including the annual
financial statement audit, Government Auditing Standards reporting, Minnesota legal compliance
work, preparation of the annual financial statement report, Office of the State Auditor reporting,
communication of audit findings and recommendations, and presentation of the audit to the City
Council. The RFP also requires separate pricing for a federal Single Audit if one is required during
the engagement.
A key objective is timely completion of the annual audit. For the 2026 fiscal year, the RFP calls for
draft financial statements and audit reports by May 31, 2027, completion of the final report by June
9, and presentation to the City Council on June 21, with all required reporting submitted to the
Office of the State Auditor by June 30.
Proposals will be evaluated based on the firm's governmental audit experience, qualifications and
continuity of the proposed engagement team, audit approach and ability to meet the City's schedule,
peer review and references, and price and overall value. Staff will review the proposals, conduct
interviews if necessary, and return to the City Council with a recommendation for selection of an
audit firm.
Staff Recommendation: Authorize issuance of the Request for Proposals for Professional Auditing
Services substantially in the form presented.
If you have any questions, please do not hesitate to contact me at 763-784-6491.

REQUEST FOR PROPOSALS
PROFESSIONAL AUDITING SERVICES
SEPTEMBER 2026
City of Spring Lake Park
1301 81st Avenue NE
Spring Lake Park, MN 55432
763-784-6491
www.springlakeparkmn.gov
Primary Contact
Daniel R. Buchholtz, City Administrator, Clerk-Treasurer
[email protected]
PROPOSALS DUE: 4:30 P.M., FRIDAY, OCTOBER 16, 2026

I.

Introduction and General Information

A. Purpose
The City of Spring Lake Park (City) is requesting proposals from qualified firms of certified public
accountants to provide independent annual audit services for the fiscal years ending December 31,
2026, 2027, 2028, 2029 and 2030, with the option to extend the engagement for up to five additional
one-year periods through the fiscal year ending December 31, 2035.
The City intends to select a firm that demonstrates strong Minnesota local-government audit
experience, a qualified and stable engagement team, a practical audit approach, timely completion,
responsive communication, and overall value. Price is an important consideration, but it will not be
the sole determining factor.
Issuance of this RFP is part of the City's periodic review of professional services and should not be
interpreted as an indication of disagreement with the City's current or prior auditors. The last time
the City went out for RFP for independent annual audit services was September 2013.

B. Term of Engagement
The City anticipates an initial five-year engagement covering fiscal years 2026 through 2030. Subject
to satisfactory performance, mutual agreement on terms and fees, City Council concurrence, and
annual availability of appropriations, the City may extend the engagement for fiscal years 2031, 2032,
2033, 2034 and 2035. Each extension will be at the sole discretion of the City.
The City may terminate the engagement or solicit proposals before the end of the contemplated
term if performance is unsatisfactory, if the parties cannot agree on future terms, or if the City
determines that doing so is in its best interest.

C. Submission Instructions
One electronic proposal in searchable PDF format must be received by 4:30 p.m. Central Time on
Friday, October 16. Proposals should be emailed to:
Daniel R. Buchholtz, Administrator, Clerk/Treasurer
Email: [email protected]
Subject line: 2026 Audit Services Proposal
Electronic receipt by the City before the deadline is the responsibility of the proposer. Paper copies
are not required. Proposals received after the deadline may be rejected.

D. Questions and Addenda
Questions concerning this RFP must be submitted in writing to Daniel R. Buchholtz at the email
address above no later than 4:30 p.m. on Wednesday, October 7, 2026. In the interest of a fair
process, proposers should not contact individual City Councilmembers or other City staff regarding
the RFP except as directed by the Administrator, Clerk/Treasurer.

The City may issue written addenda or responses to material questions. Any such information will be
provided to known prospective proposers and may be posted on the City website. Proposers are
responsible for considering all issued addenda in preparing their proposals.

E. General Conditions







II.

The City is not obligated to reimburse any firm for costs incurred in preparing a proposal,
participating in interviews, or negotiating a contract.
The City reserves the right to reject any or all proposals; waive minor irregularities or
informalities; request clarification or additional information; conduct interviews; negotiate
the scope, terms, or price with one or more firms; and select the proposal determined to be
in the City's best interest.
Submission of a proposal constitutes acknowledgment of the requirements of this RFP,
except for deviations clearly identified in the proposal.
No engagement is binding until approved by the City Council and memorialized in an
executed agreement or engagement letter acceptable to the City.
Proposal data will be handled in accordance with the Minnesota Government Data Practices
Act, including Minn. Stat. Section 13.591. Proposers should clearly identify any information
they believe qualifies as trade secret data under Minnesota law, recognizing that a proposer's
designation alone does not determine the legal classification of the data.

Nature of Services Required

A. General Scope
The selected firm will perform an annual independent audit of the City's financial statements and
related records and provide the reports, communications, filings, and assistance described in this
RFP. The audit must encompass the City's governmental activities, business-type activities, each
major fund, and aggregate remaining fund information, together with required supplementary and
supplementary information as applicable.
The auditor will be expected to coordinate its work with City staff, minimize disruption to City
operations, communicate issues promptly, and meet the annual completion schedule stated in this
RFP.

B. Auditing and Accounting Standards
The audit shall be performed in accordance with all standards and requirements applicable to the
engagement, including, as applicable:




Auditing standards generally accepted in the United States of America (GAAS), including
applicable standards issued by the American Institute of Certified Public Accountants
(AICPA);
Government Auditing Standards issued by the Comptroller General of the United States
(2024 Revision, and any applicable successor revisions);
The Single Audit Act, as amended, and 2 CFR Part 200, Uniform Administrative
Requirements, Cost Principles, and Audit Requirements for Federal Awards, when a Single
Audit or program-specific audit is required;





The Minnesota Legal Compliance Audit Guide for Cities and other minimum procedures
prescribed by the Minnesota Office of the State Auditor pursuant to Minn. Stat. Section
6.65;
Accounting principles generally accepted in the United States of America applicable to state
and local governments, including applicable pronouncements of the Governmental
Accounting Standards Board (GASB); and
Any other federal or state audit requirements applicable to the City or to specific grant
programs.

C. Financial Statement Audit and Reports
At a minimum, the selected auditor shall provide the following services and deliverables each year; as
applicable:
1. Express the appropriate audit opinions on the City's basic financial statements in conformity
with accounting principles generally accepted in the United States of America.
2. Perform the procedures required by GAAS on required supplementary information and
audit or apply appropriate procedures to supplementary information, as required by
applicable standards.
3. Issue all reports required by Government Auditing Standards regarding internal control over
financial reporting, compliance, and other matters.
4. Perform the procedures required by the current Minnesota Legal Compliance Audit Guide
for Cities and provide the required reporting, which may be combined with other
Government Auditing Standards reporting when permitted by applicable standards.
5. Communicate significant deficiencies, material weaknesses, material noncompliance, audit
adjustments, uncorrected misstatements, significant estimates, difficulties encountered,
disagreements with management, and other matters required by professional standards to
management and those charged with governance.
6. Provide a management letter or other written communication identifying recommendations,
control observations, operational concerns, or opportunities for improvement that merit
management attention, including items that do not rise to the level of a reportable finding.
7. Provide an update on the disposition of prior-year findings and recommendations.
8. Prepare and include in the annual financial report, when applicable, a Summary Schedule of
Prior Audit Findings and a Schedule of Findings and Responses. The auditor shall
coordinate with City management regarding preparation and inclusion of any required
Corrective Action Plan.
9. Immediately notify the City Administrator of suspected fraud, illegal acts, significant
irregularities, or other matters requiring prompt attention under applicable professional
standards.
10. Present the annual audit results to the City Council in person unless the City agrees to
another format. The presentation should be understandable to a policy-making audience and
should summarize the audit opinion, findings, internal-control matters, significant financial
trends, and other matters the auditor believes the Council should understand.
D. Financial Statement and Report Preparation
The City requests that the selected firm prepare the City's complete annual financial statement report
from the City's accounting records and management-provided schedules, including the basic
financial statements, notes, required supplementary information, combining and individual fund
statements and schedules, and other report components customarily included in the City's annual

financial statements. The City will provide management's discussion and analysis or the underlying
information necessary for its preparation, as agreed with the selected firm.
Financial statement preparation will be treated as a nonattest service performed in accordance with
applicable independence standards. City management will remain responsible for the financial
statements, accounting policies, judgments, and the oversight and acceptance of any nonattest
services performed by the auditor.
The final deliverable shall include a complete, searchable, bookmarked PDF suitable for posting on
the City website and filing with the Office of the State Auditor. Editable electronic schedules or
supporting files reasonably requested by the City shall also be provided. No routine paper copies are
required, although the auditor shall provide up to two bound copies upon request at no additional
charge.

E. Office of the State Auditor Reporting
The auditor shall prepare, complete, and assist the City with submission of the annual City Financial
Reporting Form and other audit-related filings required by the Minnesota Office of the State
Auditor. The auditor shall coordinate with the City to ensure that the audited financial statements
and required reporting are filed no later than the applicable statutory or administrative deadline. For
a City reporting on a GAAP basis, the current annual filing deadline is June 30.
F. Single Audit and Federal Awards
The City periodically receives federal grant funding and may be subject to a Single Audit in one or
more years of the engagement. If the City is required to undergo a Single Audit, the selected firm
shall perform the required audit as an additional service in accordance with the Single Audit Act,
Government Auditing Standards, and 2 CFR Part 200, Subpart F.
The City will prepare the Schedule of Expenditures of Federal Awards (SEFA), with reasonable
technical assistance from the auditor consistent with applicable independence standards. The auditor
shall perform the procedures required by 2 CFR Part 200 and issue all required auditor reports,
including the auditor's opinion on the SEFA in relation to the financial statements as a whole, the
report on compliance for each major federal program and internal control over compliance, and the
Schedule of Findings and Questioned Costs, as applicable.
The auditor shall complete the portions of the Federal Audit Clearinghouse data collection process
for which the auditor is responsible and shall assist the City in timely electronic submission of the
reporting package to the Federal Audit Clearinghouse. The City will remain responsible for the
auditee portions of the submission, including the SEFA, Summary Schedule of Prior Audit Findings,
and Corrective Action Plan, as applicable.
Single Audit fees shall be stated separately in Appendix B for the first major federal program and
each additional major federal program. No Single Audit fee shall be charged in a year in which a
Single Audit is not required or authorized by the City.

G. Technical Consultation and New Standards
The City expects the selected firm to serve as a technical resource during the engagement. The base
audit fee should include reasonable consultation with City staff regarding accounting, financial

reporting, audit, and regulatory matters directly related to the annual engagement, including advance
notice and practical guidance concerning new GASB pronouncements and changes in auditing or
reporting requirements.
If implementation of a new standard requires substantial work outside the normal audit engagement,
the firm shall identify the anticipated work and obtain written City authorization before performing
separately billable services.

H. Working Papers, Records and Successor Auditor Access
All working papers and reports shall be retained by the auditor, at its expense, for at least six years
after completion of the applicable audit, or longer when required by law, professional standards,
grant requirements, litigation hold, or written notice from the City.
The auditor shall make relevant working papers available, upon reasonable request and subject to
applicable professional and legal restrictions, to the City, the Minnesota Office of the State Auditor,
federal cognizant or oversight agencies, the U.S. Government Accountability Office, and other
authorized governmental or quality-review bodies. The firm shall also respond to reasonable
inquiries from a successor auditor and permit review of working papers relating to matters of
continuing accounting significance.

I. Data Practices and Information Security
The selected firm will receive access to government data that may include not-public information.
The firm shall comply with applicable provisions of the Minnesota Government Data Practices Act
and all other laws governing the data provided by the City. The firm shall use the data solely for
purposes of the engagement and shall protect it from unauthorized access, use, or disclosure.
The firm must use secure methods for the transfer and storage of sensitive City information.
Proposals shall describe the firm's secure client portal or comparable file-transfer process,
encryption practices, access controls, and procedures for notifying clients of confirmed or suspected
data-security incidents. Sensitive City data shall not be transmitted through unsecured email when a
secure method is reasonably available.

J. Subcontracting
No material portion of the engagement may be subcontracted without the City's prior written
approval. Any approved subcontractor shall be subject to the same confidentiality, data-security,
independence, professional, and performance requirements applicable to the selected firm.

III.

Description of the City

A. General Background
Spring Lake Park is a fully developed Twin Cities metropolitan-area community located in Anoka
and Ramsey Counties. The City is a Minnesota statutory Plan A city governed by a Mayor and four
Councilmembers elected at large. The City has a population of approximately 7,100 and
encompasses approximately 2.1 square miles.
Major City functions include Administration and Finance, Police, Public Works, Parks and
Recreation, Community Development and code-related services, and utility operations. The City

currently has 31 FTEs. Fire protection is provided through a contract with the Spring Lake ParkBlaine-Mounds View Fire Department. The City operates utility services including water, sanitary
sewer, and storm water functions. S&P has assigned a AA rating for city debt instruments.

B. Financial Operations and Systems
The City's fiscal year is the calendar year. Financial transactions are processed through BS&A Cloud,
including general ledger and related financial functions. City staff performs routine accounting,
payroll, accounts payable, cash receipting, utility billing, budgeting, and financial management
functions. The City does not maintain a separate internal audit function.
The City participates in pension plans administered by the Public Employees Retirement Association
of Minnesota (PERA), including plans applicable to general employees and public safety employees.

C. City Contacts
Name

Title

Contact

Daniel R. Buchholtz

City Administrator, ClerkTreasurer
Accountant

763-784-6491 |
[email protected]
763-792-7214 | [email protected]

Melissa Barker

D. Prior Financial Reports and Other Information
The City's most recent audited financial statements, current budget documents, and other financial
information will be made available on the City website or upon request. Prospective firms are
encouraged to review these documents in preparing their proposals. The selected firm will be
provided reasonable access to prior-year audit documentation in accordance with professional
standards and the cooperation of the predecessor auditor.
The City has received and continues to pursue federal and state grant funding for infrastructure,
community facilities, and other programs. The mix and amount of federal expenditures can vary
significantly from year to year.

IV.

Time Requirements

A. Anticipated RFP Schedule
Milestone

Date

City Council authorization to issue RFP

September 21, 2026

RFP issued

September 22, 2026

Deadline for written questions

October 7, 2026, 4:30 p.m.

Proposals due

October 16, 2026, 4:30 p.m.

Interviews, if necessary

Week of November 2, 2026

Anticipated City Council selection

November18, 2026

B. 2026 Fiscal Year Audit Schedule
The City's principal scheduling objective is to complete the annual audit well before the June 30
state filing deadline and to avoid substantial overlap with preparation of the following year's City
budget. The proposer must affirm its ability to meet the following schedule or identify a proposed
schedule that provides an equal or earlier completion date:
 Planning/entrance meeting: by December 15, 2026, or another mutually agreed date soon
after engagement.
 Detailed audit plan and complete prepared-by-client (PBC) request list: no later than January
15, 2027. The firm should identify schedules that can be prepared in advance and distinguish
interim requests from year-end requests.
 Interim work: December 2026 through February 2027, as appropriate and mutually
scheduled.
 Final fieldwork: principally during March and April 2027. Earlier completion is preferred.
The City will coordinate record availability with the selected firm.
 Draft financial statements, audit reports, and proposed findings: to City management no
later than May 31, 2027.
 Resolution of comments and final report: targeted for June 9, 2027.
 Presentation to City Council: Monday, June 21, 2027, unless another date is mutually agreed.
 Submission to the Minnesota Office of the State Auditor: no later than June 30, 2027, and
earlier if practicable.
A substantially similar schedule will apply in subsequent years, adjusted for the calendar. The
selected firm is expected to maintain sufficient staffing to meet the agreed schedule. Any anticipated
delay shall be communicated to the Administrator, Clerk/Treasurer and Accountant promptly,
together with a recovery plan.

V.

City Assistance and Auditor Responsibilities

A. City Staff Assistance
City staff will provide reasonable assistance by preparing agreed schedules, providing electronic
records and supporting documentation, responding to inquiries, preparing confirmations as
requested by the auditor, and making responsible personnel available for interviews and
explanations. The City expects the selected firm to provide a complete, organized PBC list early
enough to allow staff to plan the work efficiently.
B. Work Location and Technology
The City is open to an efficient hybrid audit approach. Proposers should describe the anticipated
mix of on-site and remote work and identify any technology or access assumptions. When on-site
work is performed, the City will provide reasonable workspace and internet access. The City values
direct engagement by the partner and manager at key points in the audit, regardless of where routine
testing is performed.
C. Communication Expectations
The engagement partner or manager should maintain regular communication with the City
Administrator and Accountant throughout the audit. Potential findings, proposed adjustments,

scope changes, schedule issues, or unexpected fees should be discussed when identified rather than
first presented at the end of the engagement.

D. Independence and Nonattest Services
The selected firm must maintain independence throughout the engagement in accordance with all
applicable professional standards. The proposal shall identify any existing or recent professional
relationship with the City that could bear on independence or create an actual or perceived conflict
of interest. Any nonattest service must be structured so that the City retains all management
responsibilities and the auditor remains independent.

VI.

Proposal Requirements

Proposals should be concise and directly responsive to this RFP. Elaborate marketing materials are
not necessary. The City prefers a proposal organized in the following order:

A. Transmittal Letter
A signed letter briefly stating the firm's understanding of the engagement, commitment to the
proposed schedule, identification of the individual authorized to bind the firm, and confirmation
that the proposal will remain valid for at least 90 days after the proposal deadline.
B. Independence and License to Practice
An affirmative statement that the firm is independent of the City under applicable professional
standards and that the firm and key assigned professionals are properly licensed to practice in
Minnesota. Disclose any professional relationship with the City during the past five years and
explain why it does not impair independence.
C. Firm Qualifications and Governmental Audit Experience
Describe the firm, the office that will perform the work, the size and experience of the
governmental audit practice, and the firm's experience auditing Minnesota cities of comparable size
and complexity. Describe the firm's experience with Government Auditing Standards, Minnesota
legal compliance audits, federal Single Audits, PERA-related reporting, utility enterprise activities,
debt, capital projects, and implementation of new GASB standards.
D. Peer Review, Quality and Regulatory History
Provide the firm's most recent peer review report and any related letter of comments. State whether
governmental engagements subject to Government Auditing Standards were included in the peer
review. Disclose any material federal or state desk or field review findings and any disciplinary action
taken or pending against the firm during the past three years, together with the current status.
E. Engagement Team
Identify the engagement partner, manager, supervisors, specialists, and other key personnel
proposed for the City. Provide relevant governmental audit experience, years with the firm,
professional licenses, and relevant continuing professional education. Clearly identify the individuals
expected to be involved on a recurring basis rather than providing only generic firm resumes.

F. Staff Continuity
Describe how the firm will maintain continuity of key engagement personnel. The City expects
reasonable continuity of the engagement partner and manager. After award, replacement of the
engagement partner or manager for reasons other than departure from the firm, promotion,
extended leave, or similar circumstances will require prior notice to and consultation with the City.
Replacement personnel must have substantially equivalent or better qualifications.
G. Similar Engagement and References
Provide three to five current or recent Minnesota local-government audit clients comparable to
Spring Lake Park. For each, identify the scope of services, years served, engagement partner or
manager, client contact, telephone number, and email address. The City may contact any listed
reference and may consider its own prior experience with a proposing firm.
H. Audit Approach and Work Plan
Describe the proposed audit approach, including planning and risk assessment, use of analytical
procedures and sampling, approach to internal control and compliance testing, use of technology
and data analytics, treatment of federal awards, proposed on-site/remote mix, expected City staff
assistance, secure file transfer, communication practices, and the timing and staffing of each major
phase. Identify any anticipated audit challenges and the firm's approach to resolving them.
I. Schedule Commitment
Affirm the firm's ability to meet the schedule in Section IV. Identify any requested modifications
and explain how the proposed schedule would still meet the City's objective of completing the audit
before budget preparation becomes a significant competing workload.
J. Financial Statement Preparation and Technical Assistance
Describe the firm's approach to preparation of the annual financial statement report,
implementation of new accounting standards, routine technical consultation, and
preparation/assistance with OSA filings and, when applicable, the auditor portions of Single Audit
and Federal Audit Clearinghouse reporting. Clearly identify any services the firm considers outside
the base audit fee.
K. Information Security
Describe the systems and safeguards used to receive, store, access, and transmit City data, including
the secure client portal or equivalent platform, encryption, access controls, multi-factor
authentication where used, retention/disposal practices, and incident response/client notification
procedures.
L. Fee Proposal
Complete Appendix B. The fee proposal must identify the all-inclusive maximum annual fee for the
base engagement, separate Single Audit pricing, hourly rates or other pricing for additional services,
and any assumptions or exclusions. Travel, technology, administrative, portal, report production,
and routine out-of-pocket costs should be included in the all-inclusive annual fee unless clearly
identified otherwise.

M. Exceptions
Identify any exceptions to the requirements or proposed contractual terms of this RFP. Silence will
be interpreted as general acceptance, subject to negotiation of the final engagement agreement.

VII.

Evaluation and Selection

A. Minimum Requirements
The City may determine a proposal nonresponsive if the firm does not demonstrate the following
minimum requirements:
 Independence from the City and no disqualifying conflict of interest;
 Proper licensure to practice public accountancy in Minnesota;
 Demonstrated governmental auditing experience sufficient to perform the engagement;
 Ability to perform audits under Government Auditing Standards and, when required, 2 CFR
Part 200;
 Submission of the firm's most recent peer review report;
 Ability to meet the City's required completion schedule; and
 A complete fee proposal.
B. Evaluation Criteria
Responsive proposals will be evaluated using the following criteria:
1. Firm qualifications and Minnesota governmental audit experience
2. Qualifications, experience and continuity of the proposed engagement team
3. Audit approach, communication, technology and ability to meet the schedule
4. Peer review, quality record, references and overall responsiveness
5. Price and overall value to the City
C. Interviews
The City may interview one or more firms. If interviews are conducted, the City expects the
proposed engagement partner and manager to participate. Interviews may be held in person or by
videoconference at the City's discretion.
D. Final Selection
City staff will evaluate the proposals and, if appropriate, interviews and references, and will
recommend a firm to the City Council. Final selection is anticipated at the November 2, 2026 City
Council meeting. The City may negotiate final scope, fees, terms, and engagement-letter provisions
with the selected firm. If an acceptable agreement cannot be reached, the City may discontinue
negotiations and proceed with another firm.
E. Right to Reject
The City reserves the right, without prejudice, to reject any or all proposals or to discontinue the
RFP process if the City determines that doing so is in its best interest.

Appendix A – Proposer Certifications and Warranties
By signing below, the proposer certifies and warrants that:
1. The firm can and will provide, at a minimum, all services included in its proposal and the
final agreed scope of services.
2. The firm is independent of the City under applicable professional standards and has
disclosed any relationship that could reasonably be viewed as a conflict of interest.
3. The firm and all assigned key professional staff are properly licensed or otherwise authorized
to perform the proposed services in Minnesota.
4. The firm will maintain professional liability/errors and omissions insurance and other
insurance coverage reasonably appropriate for the engagement and will provide evidence of
coverage upon request.
5. The firm will not materially delegate or subcontract its responsibilities without the City's
prior written consent.
6. The firm will comply with applicable federal and Minnesota laws governing confidentiality,
government data, records, and information security.
7. All information provided in connection with the proposal is true and accurate to the best of
the proposer's knowledge.
8. The firm has authority to submit the proposal and, if selected, to enter into an engagement
agreement with the City, subject to final negotiation and approval.
Firm Name: ____________________________________________________________________
Authorized Representative: ________________________________________________________
Title: _________________________________________________________________________
Signature: _____________________________________________________________________
Date: _________________________________________________________________________

Appendix B – Fee Proposal Form
All prices should be all-inclusive maximum fees unless otherwise noted. The annual base fee should
include the financial statement audit, Government Auditing Standards reporting, Minnesota legal
compliance work, annual financial statement/report preparation, required communications, OSA
reporting assistance, City Council presentation, routine technical consultation, secure portal/file
exchange, travel, administrative costs, and ordinary out-of-pocket expenses.

A. Annual Base Audit Fee
Year Ending

Status

All-Inclusive Maximum Fee

2026

Initial term

$________________

2027

Initial term

$________________

2028

Initial term

$________________

2029

Initial term

$________________

2030

Initial term

$________________

B. Single Audit Pricing
Single Audit fees shall include all auditor reporting and Federal Audit Clearinghouse assistance
described in Section II.F. No fee will be charged unless a Single Audit is required or authorized by
the City.
Service

Fee / Pricing Method

Single Audit - first major federal program

$________________ /
______________________________
$________________ /
______________________________

Each additional major federal program

C

Hourly Rates for Additional Services

Classification

2026 Rate

2027-2028 / Escalation

2029-2030-2031 /
Escalation

Engagement Partner

________________

________________

________________

Manager

________________

________________

________________

Supervisor / Senior

________________

________________

________________

Staff

________________

________________

________________

Other____________________

________________

________________

________________

City of Spring Lake Park

Engineer’s Project Status Report
To:
Council Members and Staff
From: Phil Gravel

Re: Status Report for 09.21.26 Meeting
File No.: R:\client\municipal\spring_lake_park_ci_mn (18GEN)
Note: Updated information is shown in italics.

2026 Street Project (193807587). This project consists of a street mill and overlay project on

Plaza Blvd., Theorin Terrace, Center Drive, Sunset Rd. and a portion of the Hwy-10 Frontage Road.
Neighborhood Meeting was held on Marth 31st. First Improvement Hearing was on 4/7/2026. Bids
came lower than anticipated. Public Assessment Hearing was held on June 15th. Council awarded bid
to ASTECH on June 15th. A Preconstruction Conference was held on August 10th. Construction is
has started and should be completed in 2-3 weeks.

2026 Sanitary Sewer Service Clean and Grout Project (193807597). Council authorized this
sewer lateral cleaning and grouting project in December 2025. Bids and construction will be in 2026.

American Water Infrastructure Act Plan Update (PN 173411298). The City is required to

conduct and certify a Risk and Resilience Assessment (RRA) and an Emergency Response Plan
(ERP) this year (every 5 years). The RRA and ERP are currently being revised. THE RRA was
certified on 6/30/26. The ERP will be updated to meet the 12/30/26 submittal deadline.

2027-2028 Water Tower Maintenance Project (193807712). The CIP includes new coatings on
the Able and Arthur water towers in 2027 and 2028. City Administrator has applied for Congressional
funding. Next steps are to have KLM review previous inspections and to begin the design process
(including site surveys).
Terrace Park Drainage Improvements Project (193807324). The Parks and Rec. Director has

indicated that a drainage and draintile project might be necessary for Terrace Park. A letter outlining
the project and quote results will be presented in October.

Terrace Park New Park Building (193807324 and 222702844). We have coordinated with the
Parks and Rec. Director to complete construction drawings for a new park building. Plans have been
completed for the building rebid. New bids for the building project will be received on September 29th.
Separate quotes for sewer and water utility construction for the building were received and revised.
Need to decide how to proceed with the low quote for the utility work.

2026 Street Pavement Markings Project (193807599). Quotes were requested for 2026

pavement markings (striping) of the major city streets. The low quote was submitted by Sir Lines-ALot. Work will be completed in October.

Please contact Evan Monson, Bruce Paulson, Jack Menke, Mark Janovek, or me if you have questions.