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2023.06.06 Council Meeting Packet 4141 Douglas Drive North • Crystal, Minnesota 55422-1696 Tel: (763) 531-1000 • Fax: (763) 531-1188 • www.crystalmn.gov Posted: June 2, 2023 City Council Meeting Schedule Tuesday, June 6, 2023 Time Meeting Location 6:40 p.m. City Council work session to discuss: 1. Proposed Geographic Information System (GIS) software. 2. Constituent issues. 3. New business. 4. Announcements. Council Chambers/ Zoom 7 p.m. City Council meeting Council Chambers/ Zoom Immediately following the City Council meeting Continuation of City Council work session, if necessary Council Chambers/ Zoom The public may attend the meetings via Zoom by connecting through one of the methods identified below. Topic: Crystal City Council work session, City Council meeting and continuation of City Council work session, if necessary. Time: June 6, 2023 at 6:40 p.m. Central Time (US and Canada) Join Zoom meeting: https://us02web.zoom.us/j/82892881200?pwd=dC9TM0d5dFNGeStVMWlLMlIzMkY1dz09 Meeting ID: 828 9288 1200 Passcode: 414141 One tap mobile: +13017158592,,82892881200#,,,,*414141# US (Washington DC) +13052241968,,82892881200#,,,,*414141# US Dial by your location: +1 301 715 8592 US (Washington DC) +1 564 217 2000 US +1 305 224 1968 US +1 669 444 9171 US +1 309 205 3325 US +1 669 900 6833 US (San Jose) +1 312 626 6799 US (Chicago) +1 689 278 1000 US +1 646 931 3860 US +1 719 359 4580 US +1 929 205 6099 US (New York) +1 253 205 0468 US +1 360 209 5623 US +1 253 215 8782 US (Tacoma) +1 386 347 5053 US +1 346 248 7799 US (Houston) +1 507 473 4847 US Find your local number: https://us02web.zoom.us/u/kcAgmFjhrT Auxiliary aids are available upon request to individuals with disabilities by calling the City Clerk at (763) 531-1145 at least 96 hours in advance. TTY users may call Minnesota Relay at 711 or 1-800-627-3529. 4141 Douglas Drive North • Crystal, Minnesota 55422-1696 Tel: (763) 531-1000 • Fax: (763) 531-1188 • www.crystalmn.gov Posted: June 2, 2023 City Council Work Session Agenda Tuesday, June 6, 2023, at 6:40 p.m. Council Chambers/Zoom Pursuant to due call and notice given in the manner prescribed by Section 3.01 of the City Charter, the work session of the Crystal City Council was held on Tuesday, June 6, 2023, at ______ p.m. in the Council Chambers at City Hall, 4141 Douglas Dr. N., Crystal, MN and via Zoom. If the agenda items are not completed in time for the regular City Council meeting at 7 p.m., the work session will be continued and resumed immediately following the City Council meeting. The public may attend the meeting via Zoom by connecting to it through one of the methods identified on the City Council Meeting Schedule for Tuesday, June 6, 2023. I. Attendance Council members Staff ____ Kamish ____ Bell ____ Kiser ____ Gilchrist ____ Onesirosan ____ Therres ____ Adams ____ Elholm ____ Budziszewski ____ Larson ____ Cummings ____ Ray ____ Eidbo ____ Revering ____ Sutter ____ Serres II. Agenda The purpose of the work session is to discuss the following agenda items: 1. Proposed Geographic Information System (GIS) software.* 2. Constituent issues.* 3. New business.* 4. Announcements.* III. Adjournment The work session adjourned at ______ p.m. * Denotes no supporting information included in the packet. Auxiliary aids are available upon request to individuals with disabilities by calling the city clerk at (763) 531-1145 at least 96 hours in advance. TTY users may call Minnesota Relay at 711 or 1-800-627-3529. Page 1 of 3 4141 Douglas Drive North • Crystal, Minnesota 55422-1696 Tel: (763) 531-1000 • Fax: (763) 531-1188 • www.crystalmn.gov Posted: June 2, 2023 City Council Meeting Agenda Tuesday, June 6, 2023 7 p.m. Council Chambers/Zoom Meeting The city manager’s comments are bolded. 1. Call to Order, Roll Call and Pledge of Allegiance 2. Approval of Agenda The Council will consider approval of the agenda. 3. Proclamations 3.1 The Mayor will proclaim June 14, 2023, as Flag Day in the City of Crystal. 3.2 The Mayor will proclaim June 19, 2023, as Juneteenth Freedom Day in the City of Crystal. 4. Consent Agenda The Council will consider the following items, which are routine and non-controversial in nature, in a single motion: 4.1 Approval of the minutes from the following meetings: a. The City Council work session on May 11, 2023. b. The City Council work session on May 16, 2023. c. The City Council meeting on May 16, 2023. 4.2 Approval of the list of license applications submitted by the city clerk to the City Council, a list that is on file in the office of the city clerk. 4.3 Adoption of a resolution accepting donations. 4.4 Adoption of a resolution reporting on state performance measures. 4.5 Approval of the following items for 2023 Crystal Frolics: a. Temporary closure of portions of 46th Ave. N. and 47th Ave. N. from July 27 – 30, 2023, for city and volunteer staff vehicle parking, fireworks displays, and waterball competition hosted by the West Metro Fire-Rescue Relief Association. b. A permit for fireworks displays at Welcome Park on July 28 and 29, 2023, submitted by Hollywood Pyrotechnics, Inc. Page 2 of 3 5. Open Forum The City Council appreciates hearing from citizens about items of concern and desires to set aside time during each meeting for Open Forum. To provide ample opportunity for all, speaking time is limited to three minutes and topic discussion is limited to 10 minutes. The Mayor may, as presiding officer, extend the total time allowed for a topic. By rule, no action may be taken on any item brought before the Council during Open Forum. The Council may place items discussed during Open Forum onto subsequent council meeting agendas. 6. Public Hearing 6.1 The Mayor will open a public hearing to receive comment, and the Council will consider approval of a new on-sale liquor license for Tequilatown, LLC d/b/a Tequilatown Authentic Mexican Cuisine and Bar located at 99 Willow Bend. The owners of Tequilatown, LLC, have submitted a new on-sale liquor license application, including Sunday on-sale, for a restaurant/bar located in Crystal Shopping Center. The property use complies with zoning requirements, the application materials are in order, and a background check was completed. After taking public comment, staff recommends approval of the new on-sale liquor and Sunday licenses for Tequilatown, LLC d/b/a Tequilatown Authentic Mexican Cuisine and Bar located at 99 Willow Bend. 7. Regular Agenda 7.1 The Council will consider approval of disbursements over $25,000 submitted by the finance department to the City Council, a list that is on file in the office of the finance department. Recommend approval of disbursements over $25,000. 7.2 The Council will receive the 2022 annual financial report from Bergan KDV. Representatives of Bergan KDV will present the 2022 annual financial report. After hearing the presentation, the Council should accept the 2022 annual financial report. 7.3 The Council will continue discussion of a resolution authorizing the agreement with LOGIS for Geographic Information System (GIS) support. At the May 16th Council meeting, the Council discussed the proposed contract with LOGIS GIS for GIS support services. The Council continued the item to a future meeting so more information could be provided and the proposal could be reviewed by the City’s new GIS Specialist, Emily Schneider. Emily will be at the June 6 Council work session and meeting to provide additional background and information on the proposed contract with LOGIS GIS. After considering the suggestion of splitting the various GIS-related services, such as data storage, staff believes it is more beneficial to use LOGIS for all the GIS services. Staff recommends approval. 8. Announcements a. There will be a ribbon cutting at 10 a.m. on Thursday, June 15 to celebrate the opening of the new Crystal Vision Clinic at 5730 Bottineau Blvd. b. The Crystal Airport Open House is Sunday, June 18 from 8 a.m. – 3 p.m. at Crystal Airport. c. City offices will be closed Monday, June 19 in observance of the Juneteenth holiday. Page 3 of 3 d. The next City Council meeting is Tuesday, June 20 at 7 p.m. in the Council Chambers at City Hall and via Zoom. e. There will be a ribbon cutting at 4 p.m. on Thursday, June 22 to celebrate the opening of Odam Medical at 6014 Lakeland Ave. N. f. There will be a community open house about the Bass Lake Road Station Area Plan Update from 5-7 p.m. on Thursday, June 22 at the Crystal Community Center g. City Council meetings and work sessions are open to the public. Current and previous meetings are available for viewing and listening at www.crystalmn.gov. 9. Adjournment Have a great weekend. See you at Tuesday’s meeting. 3.1 4141 Douglas Drive North • Crystal, Minnesota 55422-1696 Tel: (763) 531-1000 • Fax: (763) 531-1188 • PROCLAMATION RECOGNIZING FLAG DAY 2023 WHEREAS, on June 14, 1777, the Second Continental Congress passed a resolution calling for the design of our nation’s flag and christening our flag’s iconic stripes, stars, and field of blue; and WHEREAS, on May 30, 1916, President Woodrow Wilson issued a proclamation suggesting and requesting that “throughout the nation and if possible, in every community, the fourteenth day of June be observed as Flag Day with special patriotic exercises;” and WHEREAS, on August 3, 1949, Congress approved the national observance of Flag Day, and President Harry Truman signed it into law; and WHEREAS, we celebrate Flag Day across the United States on June 14 each year to honor the United States flag and to commemorate the flag’s adoption. This is a day set aside for Americans and Crystal residents to reflect on the foundations of the nation’s freedom; and WHEREAS, while the American flag has gone through many changes over the centuries, has seen many battles, and has earned many tears, scars, and tatters, it remains a symbol of hope and an enduring symbol of the country’s ideals since its early days; and WHEREAS, the flag of the United States represents freedom, and when we honor our flag, we honor what we stand for as a Nation and a community – freedom, equality, justice, and hope. NOW, THEREFORE, I, Jim Adams, Mayor of the City of Crystal, do hereby proclaim that June 14, 2023, is recognized as Flag Day, and I encourage the residents of Crystal to honor this day by proudly displaying the American flag at their homes and businesses and rededicating themselves to the ideals for which the flag stands. Dated this 6th day of June 2023. Jim Adams, Mayor 3.2 4141 Douglas Drive North • Crystal, Minnesota 55422-1696 Tel: (763) 531-1000 • Fax: (763) 531-1188 • PROCLAMATION RECOGNIZING JUNETEENTH 2023 WHEREAS, a priority of the Crystal City Council is making Crystal a welcoming and inclusive community; and WHEREAS, recognizing Juneteenth and what it stands for is directly related to the City’s efforts to be a more welcoming and inclusive community. WHEREAS, June 19th has a special meaning to Americans, and is called "JUNETEENTH" combining the words June and Nineteenth, and has been celebrated by Americans for over 150 years; and WHEREAS, Juneteenth is the oldest nationally celebrated commemoration of the ending of slavery in the United States. It has been celebrated under many names including Freedom Day, Jubilee Day, Second Independence Day, Emancipation Day; and WHEREAS, the Emancipation Proclamation was issued on January 1, 1863, however, notice of the signing of the Emancipation Proclamation was not received in Galveston, TX until after Union General Gordon Grainger traveled to announce the general order on June 19, 1865; and WHEREAS, Juneteenth became a federal holiday on June 17, 2021, and in 2023, Minnesota’s 93rd Legislature formally established Juneteenth as a state- recognized holiday; and WHEREAS, our African-American residents’ freedom, contributions, and achievements are acknowledged as part of our American history. NOW, THEREFORE, I, Jim Adams, Mayor of the City of Crystal, do hereby proclaim that June 19, 2023, is recognized as Juneteenth Freedom Day in Crystal; and the history, contributions, and achievements of African-Americans in Crystal and the US are recognized. Dated this 6th day of June 2023. Jim Adams, Mayor Crystal City Council work session minutes May 11, 2023 Pursuant to due call and notice given in the manner prescribed by Sectio n 3.01 of the City Charter, the work session of the Crystal City Council was held at 6:37 p.m. on May 11, 2023 in the Council Chambers at City Hall, 4141 Douglas Dr. N., Crystal, MN and via Zoom. Mayor Adams called the meeting to order. I.Attendance The city manager recorded the attendance for city council members and staff: Council members present: Cummings, Kamish, Kiser, Onesirosan, Adams and Budziszewski (arrived at 6:43 p.m.). Council Member Eidbo observed the meeting remotely via Zoom from Rua Santo Antonio, 34, Porto Seguro, Bahia 45810-000, Brazil, within the open air lounge. City staff present: City Manager A. Bell and Community Development Director J. Sutter. Police Chief S. Revering was present via Zoom. Also present were representatives: Rachel Blaseg from Damon Farber, Jon Commers of Visible City and Dan Soler from Hennepin County. II.Agenda The Council and staff discussed the following agenda item s: 1.Bass Lake Road Station Area Plan update. 2.Blue Line Extension Anti-Displacement Working Group update. 3.Blue Line Extension project update. III.Adjournment The work session adjourned at 8:23 p.m. Jim Adams, Mayor ATTEST: Adam R. Bell, City Manager 4.1(a) Crystal City Council work session minutes May 16, 2023 Pursuant to due call and notice given in the manner prescribed by Section 3.01 of the City Charter, the work session of the Crystal City Council was held at 6:15 p.m. on May 16, 2023 in the Council Chambers at City Hall, 4141 Douglas Dr. N., Crystal, MN and via Zoom. Mayor Adams called the meeting to order. I.Attendance The city clerk recorded the attendance for city council members and staff: Council members present: Eidbo, Kamish, Kiser, Onesirosan, Adams, Budziszewski and Cummings. City staff present: City Manager A. Bell, City Attorney T. Gilchrist, Assistant Finance Director J. Bursheim, West Metro Fire-Rescue District Chief S. Larson, Public Works Director M. Ray, Police Chief S. Revering, Deputy Police Chief B. Hubbard, Community Development Director J. Sutter and City Clerk C. Serres. Assistant City Manager K. Therres was present via Zoom. II.Agenda The Council and staff discussed the following agenda items: 1.Compliance check overview. 2.Police Department quarterly update (2022 Annual Report). Mayor Adams continued the work session to resume immediately after the City Council meeting. Mayor Adams reconvened the work session at 8:13 p.m. to continue discussion of the Police Department 2022 Annual Report and the following remaining agenda items: 3.West Metro Fire-Rescue District (WMFRD) quarterly update. 4.2024 WMFRD proposed budget. 5.2024 budget preview. 6.Council liaison reports. 7.Constituent issues. 8.City manager monthly check-in. 9.New business. 10.Announcements. III.Adjournment The work session adjourned at 9:46 p.m. Jim Adams, Mayor ATTEST: Christina Serres, City Clerk 4.1(b) Crystal City Council meeting minutes May 16, 2023 Page 1 of 4 1.Call to Order Pursuant to due call and notice thereof, the regular meeting of the Crystal City Council was held on May 16, 2023, at 7:01 p.m. in the Council Chambers at City Hall, 4141 Douglas Dr. N. in Crystal, MN and via Zoom. Mayor Adams called the meeting to order. Roll Call Mayor Adams asked the city clerk to call the roll for elected officials. Upon roll call, the following attendance was recorded: Council members present: Eidbo, Kamish, Kiser, Onesirosan, Adams, Budziszewski and Cummings. City staff present: City Manager A. Bell, City Attorney T. Gilchrist, Assistant Finance Director J. Bursheim, West Metro Fire-Rescue District Chief S. Larson, Public Works Director M. Ray, Police Chief S. Revering, Deputy Police Chief B. Hubbard, Community Development Director J. Sutter and City Clerk C. Serres. Assistant City Manager K. Therres was present via Zoom. Pledge of Allegiance Mayor Adams led the Council and audience in the Pledge of Allegiance. 2.Approval of Agenda The Council considered approval of the agenda. Moved by Council Member Budziszewski and seconded by Council Member Kiser to approve the agenda. Motion carried. 3.Consent Agenda The Council considered the following items, which are routine and non-controversial in nature, in a single motion: 3.1 Approval of the minutes from the following meetings: a.The City Council meeting on May 2, 2023. b.The City Council work session on May 2, 2023. 3.2 Approval of the list of license applications submitted by the city clerk to the City Council, a list that is on file in the office of the city clerk. 3.3 Adoption of Res. No. 2023-54, accepting donations. 3.4 Adoption of a resolution recognizing June as Pride Month. 3.5 Adoption of Res. No. 2023 – 56 and Res. No. 2023 – 57 reaffirming land exchange with the Metropolitan Airports Commission. Moved by Council Member Eidbo and seconded by Council Member Onesirosan to approve, but remove item 3.4 from the consent agenda to the beginning of the regular agenda. Motion carried. 4.Open Forum No public comment was given during open forum. 4.1(c) Crystal City Council meeting minutes May 16, 2023 Page 2 of 4 5. Regular Agenda The Council considered a resolution recognizing June as Pride Month (Consent Agenda item 3.4). Moved by Council Member Edibo and seconded by Council Member Kiser to amend the resolution by adding the following language to the end of the fourth paragraph: and celebrate their important contributions. Voting aye: Eidbo, Kamish, Kiser, Onesirosan, Adams, Budziszewski and Cummings. Motion carried to amend the resolution. Council Member Budziszewski read the amended resolution into the record. Moved by Council Member Kiser and seconded by Council Member Budziszewski to adopt the following amended resolution: RESOLUTION NO. 2023 – 55 RESOLUTION RECOGNIZING JUNE AS PRIDE MONTH Voting aye: Eidbo, Kamish, Kiser, Onesirosan, Adams, Budziszewski and Cummings. Motion carried, resolution declared adopted. 5.1 The Council considered approval of disbursements over $25,000 submitted by the finance department to the City Council, a list that is on file in the office of the finance department. Moved by Council Member Kiser and seconded by Council Member Cummings to approve the list of disbursements over $25,000. Voting aye: Eidbo, Kamish, Kiser, Onesirosan, Adams, Budziszewski and Cummings. Motion carried. 5.2 The Council considered civil penalties for violation of tobacco license regulations by Main Grocery and Tobacco, Inc. d/b/a Mini Grocery and Tobacco located at 2708 Douglas Dr. N. City Clerk Chrissy Serres provided the staff report to the Council and answered questions. Attorney Courtney Ernston, on behalf of Mini Grocery and Tobacco, provided testimony to the Council regarding the violation. City Attorney Troy Gilchrist also provided testimony to the Council and answered questions. There being no one else wishing to appear before the Council to give testimony, Mayor Adams closed the public comment period. Moved by Council Member Budziszewski and seconded by Council Member Eidbo to impose a penalty of $1,500 and a five-day license suspension in this case; based on the staff report, including the findings contained therein and other information presented regarding this matter. 4.1(c) Crystal City Council meeting minutes May 16, 2023 Page 3 of 4 By roll call and voting aye: Eidbo, Onesirosan and Budziszewski. Voting nay: Cummings, Kamish, Kiser and Adams. Motion failed. Council Member Kiser made a motion to impose a penalty of $2,000 and no license suspension in this case. Motion failed for lack of a second. Moved by Council Member Cummings and seconded by Council Member Kamish to impose a penalty of $1,500 and a three-day license suspension in this case; based on the staff report, including the findings contained therein and other information presented regarding this matter. By roll call and voting aye: Kamish, Kiser, Adams and Cummings. Voting nay: Eidbo, Onesirosan, Budziszewski. Motion carried. 5.3 The Council considered the second reading of an ordinance amending City Code Section 425 regarding rental licensing of state-licensed facilities. Community Development Director John Sutter addressed the Council. Moved by Council Member Budziszewski and seconded by Council Member Eidbo to adopt the following ordinance: ORDINANCE 2023 – 02 AN ORDINANCE AMENDING THE CRYSTAL CITY CODE REGARDING THE LICENSING OF RENTAL UNITS And further, that this is the second and final reading. Voting aye: Eidbo, Kamish, Kiser, Onesirosan, Adams, Budziszewski and Cummings. Motion carried. 5.4 The Council considered a resolution authorizing the agreement with LOGIS for Geographic Information System support. Public Works Director Mark Ray addressed the Council. Moved by Council Member Eidbo and seconded by Council Member Budziszewski to continue discussion of this item to the June 6, 2023, council meeting. Voting aye: Eidbo, Kamish, Kiser, Onesirosan, Adams, Budziszewski and Cummings. Motion carried. 4.1(c) Crystal City Council meeting minutes May 16, 2023 Page 4 of 4 5.5 The Council considered a resolution authorizing the agreement with Minger Construction Company, Inc. for a stormwater project. Public Works Director Mark Ray addressed the Council. Moved by Council Member Budziszewski and seconded by Council Member Cummings to adopt the following resolution: RESOLUTION NO. 2023 – 58 AUTHORIZING THE CONTRACT FOR THE 2023 STORM WATER PROJECT Voting aye: Eidbo, Kamish, Kiser, Onesirosan, Adams, Budziszewski and Cummings. Motion carried, resolution declared adopted. 6. Announcements The Council and staff made announcements about upcoming events. 7. Adjournment Moved by Council Member Budziszewski and seconded by Council Member Kiser to adjourn the meeting. Motion carried. The meeting adjourned at 8:10 p.m. ___________________________________ Jim Adams, Mayor ATTEST: _____________________________________ Christina Serres, City Clerk 4.1(c) City of Crystal Council Meeting June 6, 2023 Applications for City License Liquor – Off-Sale Advancer Mercantile, LLC dba Liquor Barrel Wine & Spirits, 5628 West Broadway, Crystal, MN 55428 An Thi Nguyen dba Liquor Barrel, 2728 Douglas Dr. N., Crystal, MN 55422 Cousins, LLC dba Adair Liquor, 6001 42nd Ave. N., Crystal, MN 55422 SuperValu, Inc. dba Cub Wine & Spirits, 5201 36th Ave. N., Crystal, MN 55422 Zahid Beverage Group, LLC dba Crystal Liquor Warehouse, 6200 56th Ave. N., Crystal, MN 55429 Liquor – Off-Sale/3.2% Malt Liquor Northern Tier Retail, LLC dba Speedway #4052, 5359 West Broadway, Crystal, MN 55428 Northern Tier Retail, LLC dba Speedway #4187, 7818 36th Ave. N., Crystal, MN 55427 SuperValu, Inc. dba Cub Foods, 5301 36th Ave. N., Crystal, MN 55422 Liquor – On-Sale Blazin Wings, Inc. dba Buffalo Wild Wings #69, 5590 West Broadway, Crystal, MN 55428 Milton’s Café, LLC dba Milton’s Café, 3545 Douglas Dr. N., Crystal, MN 55422 Robeck Industries, Inc. dba Steve O’s, 4900 West Broadway, Crystal, MN 55429 PurpleRose Lounge Corporation dba PurpleRose Lounge, 5526 West Broadway, Crystal, MN 55428 Stino, Inc. dba Big Louie’s Bar & Grill, 5216 West Broadway, Crystal, MN 55429 Liquor – On-Sale/Club Charles R. Knaeble VFW Post #494, 5222 56th Ave. N., Crystal, MN 55429 Liquor – On-Sale Wine and 3.2% Malt Liquor/On-Sale Sunday Family Café and Diner, LLC dba Family Café and Diner, 6236 56th Ave. N., Crystal, MN 55429 Liquor – On-Sale/Sunday Blazin Wings, Inc. dba Buffalo Wild Wings #69, 5590 West Broadway, Crystal, MN 55428 Charles R. Knaeble VFW Post #494, 5222 56th Ave. N., Crystal, MN 55429 Milton’s Café, LLC dba Milton’s Café, 3545 Douglas Dr. N., Crystal, MN 55422 PurpleRose Lounge Corporation dba PurpleRose Lounge, 5526 West Broadway, Crystal, MN 55428 Robeck Industries, Inc. dba Steve O’s, 4900 West Broadway, Crystal, MN 55429 Stino, Inc. dba Big Louie’s Bar & Grill, 5216 West Broadway, Crystal, MN 55429 Liquor – Temporary On-Sale Pryes Brewing Company, LLC, 1401 West River Rd. N., Minneapolis, MN 55411, for Crystal Frolics on July 29-30, 2023 at Becker Park Rental – New 5510 Quail Ave. N. – James Wu (Conditional) 6713 34th Ave. N. – Logan Hutton (Conditional) 5825 46th Ave. N. – Luis Duchi (Conditional) 4.2 Rental – Renewal 5327 Angeline Ave. N. – Robert Read (Conditional) 3130 Aquila Ave. N. – Tom Durkin 3143 Aquila Ave. N. – Lowell Pitkin (Conditional) 3821 Douglas Dr. N. – Clayton and Tammy Duggan (Conditional) 5936 Elmhurst Ave. N. – Barbara Clark (Conditional) 2709-2711 Hampshire Ave. N. – Josh Breitung and Martin Kosto (Conditional) 4230 Hampshire Ave. N. – William Smith (Conditional) 4016 Idaho Ave. N. – Chris Long 4818-4820 Idaho Ave. N. – Jason Flaa 3970 Kentucky Ave. N. – Brian Bona (Conditional) 3524 Kyle Ave. N. – Fowzia Omar (Conditional) 5000 Lakeside Ave. N. – Justin Holt 2910 Louisiana Ave. N. – MNSF T2 SPE LLC (Conditional) 4725 Maryland Ave. N. – SFR Borrower 2021-2 LLC 3246 Nevada Ave. N. – Pavoua Lee (Conditional) 3341 Nevada Ave. N. #4102 – Angela Seitzer 4732 Nevada Ave. N. – Bellagala LLC (Conditional) 5656 Quail Ave. N. – SFR II Borrower 2021-3 LLC 5817 Quail Ave. N. – Lucas Berry 5409 Scott Ave. N. – New Covenant Properties 2971 Sumter Ave. N. – Steven Johnson (Conditional) 3427 Utah Ave. N. – Jeff Dehler 5765 West Broadway – MNSF T3 SPE LLC (Conditional) 5810 West Broadway – Bridge SFR IV Seed Borrower LLC 6806 34th Ave. N. – James Darrah 6901-6903 36th Ave. N. – Carl Hobus (Conditional) 6800 45th Ave. N. – William Smith (Conditional) 6605 45th Pl. N. – Jalana Moe (Conditional) 6825 46th Ave. N. – Stella Iwuchukwu (Conditional) 5324 47th Ave. N. – William Smith (Conditional) 5701 56th Ave. N. – Harold Creek 7600 59th Pl. N. – Benedict Doe (Conditional) Tree Trimmer Elijah’s Tree Care LLC, 743 Orchard Park Rd., Orono, MN 55356 Huston’s Tree Service, 15801 Oak Ridge Rd., Eden Prairie, MN 55346 Urban Tree and Landscape, P.O. Box 644, Albany, MN 56307 4.2 CITY OF CRYSTAL RESOLUTION NO. 2023 - RESOLUTION ACCEPTING DONATIONS FROM DONATION BOXES, FRIDLEY LIONS CLUB, GERALD HAUS AND ERWIN AND SUSAN HEISLER WHEREAS, Minnesota Statute §465.03 requires that all gifts and donations of real or personal property be accepted only with the adoption of a resolution; and WHEREAS, said donations must be accepted by a resolution adopted by the City Council. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Crystal to accept the following donations: Donors Purpose Amount Donation Boxes Crystal K9 Unit $550 Fridley Lions Club Crystal Airport Open House $500 Gerald Haus General Parks Fund $25 Erwin and Susan Heisler Crystal Airport Open House $100 And BE IT FURTHER RESOLVED that the Crystal City Council sincerely thanks the above-named for their generous donations. Dated: June 6, 2023 By: __________________________ Jim Adams, Mayor ATTEST: __________________________ Christina Serres, City Clerk 4.3 Memorandum DATE: June 1, 2023 TO: Mayor and City Council FROM: Adam R. Bell, City Manager SUBJECT: State Performance Measurement Program ____________________________________________________________________ BACKGROUND: In 2010-11, the Legislature created a committee to consider local results and innovation and that committee released a set of ten performance measures for cities and counties to help evaluate the efficiency of how services are provided to residents. Participation in this program is on a voluntary basis. Cities and counties that participate in the program are eligible for a nominal reimbursement ($0.14 per capita). In 2011, the Crystal City Council adopted these state performance measures with the approval of Resolution No. 2011-56. The ten measures were addressed in the 2012 community survey completed by Decision Resources, Inc. Since then, a brief online survey of the ten measures has been conducted during the third quarter of each year. This year, the survey will again be advertised on the city’s electronic bulletin board, on the city’s website and Facebook page, and on other social media. In order to meet the deadline for continuing eligibility in the program, the Council must adopt a resolution indicating such intent by July 1. Attached are Resolution No. 2011-56 adopting the program and the proposed resolution for the city’s 2023 participation. RECOMMENDATION: Recommend approval of the resolution regarding the 2023 reporting on the state performance measures. Attach: Res. 2011-56, Resolution Declaring Adoption of State Performance Measures Res. 2023-__, Resolution Reporting on State Performance Measures 4.4 4.4 CITY OF CRYSTAL RESOLUTION NO. 2023 - ___ RESOLUTION REPORTING ON STATE PERFORMANCE MEASURES WHEREAS, the State Legislature created the Council on Local Results and Innovation which set a standard set of ten performance measures for cities that will aid residents, taxpayers and state and local elected officials in determining the efficiency of local services; and WHEREAS, the measures aid in evaluating residents’ satisfaction with local services; and WHEREAS, Crystal is eligible for reimbursement; and WHEREAS, the Crystal City Council adopted Resolution No. 2011-56, declaring Crystal’s adoption of the State Performance Measures and program and agreeing to meet the reporting requirements as required by the State Auditor’s office. NOW, THEREFORE, BE IT RESOLVED by the Crystal City Council that the city of Crystal declares that: 1. The City has adopted the ten performance measures developed by the Council; and 2. The City will survey its residents on the services included in the performance benchmarks in the third quarter of 2023; and 3. The City is implementing a local performance measurement system as developed by the Council based on the survey results; and 4. The City will report the results of the survey, including the ten performance measures to its residents through publication on the city’s website. BE IT FURTHER RESOLVED THAT the results of the community survey and performance measures be provided to the Office of the State Auditor. Approved this 6th day of June 2023. __________________________ Jim Adams, Mayor ATTEST: ____________________________ Christina Serres City Clerk 4.4 May 16, 2023 City Council City of Crystal 4141 Douglas Drive Crystal, MN 55422 Dear City Council, The Crystal Frolics would like your assistance for our city celebration this year. It will be held July 27 - 30. We invite all of you to attend. We would like to close 47th Ave N east of Welcome Ave. (runs between the CenturyLink building & our “super” field and dead ends at the Robbinsdale Public Works facility) for the entirety of the weekend. We will use it part of the time for City vehicle & Frolics volunteer parking. We will also be using this section of road on Saturday afternoon for the waterball competition hosted by the WMFRA. We plan to have fireworks on both Friday and Saturday nights (July 28 & 29) at 10:00 p.m. That portion of 47th would be included in the safety zone. Also, we need the assistance of the Police and Fire Departments to ensure a safe display (we will also have 2 security personnel at the set-up site). We would also like to close 46th Ave N between Welcome Ave N and Vera Cruz Ave N for the entire weekend for volunteer parking and police access. The houses in that section will still have access to their homes during that time. We will have someone monitoring the gate during high traffic times. We also request that Public Works put out “No Parking” signs to allow parking on only one side of the street throughout the neighborhood. This would include one block of handicapped parking signs on Welcome Ave N south of the park. Thank you, in advance, for your cooperation and that of the city staff. Sincerely, Debra L Daberkow-Wright Debra L Daberkow-Wright, President Crystal Frolics Committee, Inc. www.crystalfrolics.gmail.com 763-535-1978 4.5(a) 4.5(b) CITY COUNCIL STAFF REPORT Public hearing: June 6, 2023 City Council meeting Consideration of a new on-sale liquor license for Tequilatown, LLC d/b/a Tequilatown Authentic Mexican Cuisine and Bar DATE: June 1, 2023 FROM: City Clerk Chrissy Serres TO: Mayor and City Council City Manager Adam R. Bell CC: Police Chief Stephanie Revering City Attorney Troy Gilchrist RE: Consideration of a new on-sale liquor license for Tequilatown, LLC d/b/a Tequilatown Authentic Mexican Cuisine and Bar located at 99 Willow Bend Background Fabian Blanco and Moises Blanco, owners of Tequilatown, LLC, have submitted a new on-sale liquor license application for a restaurant/bar located at 99 Willow Bend in Crystal Shopping Center. In addition, the applicants are seeking approval for a Sunday on-sale license. The property is zoned Commercial and restaurants with on-sale liquor are a permitted use in that district. Staff has reviewed the liquor license application materials. A background check was completed by the police department and Police Chief Revering finds no reason to prohibit issuance of the license. A public hearing notice was published in the Sun Post on May 25, 2023 (Attachment A). The owners anticipate opening in July 2023 and the proposed hours for the business are as follows: Monday through Thursday: 11 a.m. – 10 p.m. Friday and Saturday: 11 a.m. – 11 p.m. Sunday: 11:30 a.m. – 9:30 p.m. Fabian Blanco and Moises Blanco will be at the June 6, 2023 City Council meeting to answer any questions. Requested City Council action Staff recommends approval of the new on-sale liquor and Sunday licenses for Tequilatown, LLC d/b/a Tequilatown Authentic Mexican Cuisine and Bar located at 99 Willow Bend. 6.1 CITY OF CRYSTAL NOTICE OF PUBLIC HEARING TO CONSIDER AN ON-SALE LIQUOR LICENSE AT 99 WILLOW BEND Notice is hereby given that the Crystal City Council will hold a public hearing on June 6, 2023 at 7 p.m. in the Council Chambers, located at 4141 Douglas Dr. N., to consider an on-sale liquor license at 99 Willow Bend submitted by Tequilatown, LLC d/b/a Tequilatown Authentic Mexican Cuisine and Bar. Anyone wishing to express a view either in person or in writing will be heard at the public hearing. Auxiliary aids are available for public meetings upon request to individuals with disabilities by calling the city clerk at 763-531-1145 at least 96 hours in advance. TTY users may call Minnesota Relay at 711 or 1-800-627-3529. City Clerk Chrissy Serres Attachment A 6.1 DATE: June 1, 2023 TO: Adam R. Bell, City Manager City of Crystal City Council FROM: Jean McGann, Contracted Finance Director RE: Expenditures over $25,000 Payee Amount MN PERA Employee & city required contributions for 5/12/23 pay date $66,628.22 IRS - EFTPS Federal & FICA withholding taxes for 5/12/23 pay date $65,424.78 Northdale Construction Company 2023 Utility Reconstruction project $34,999.38 Nitti Sanitation, Inc.Annual HRG curbside cleanup event for residents $360,712.18 Metropolitan Council Environ Svs Wastewater services for June $138,936.19 Short Elliot Hendrickson, Inc. 2022 & 2023 Utility Reconstruction projects $28,162.07 IRS - EFTPS Federal & FICA withholding taxes for 5/26/23 pay date $66,903.44 $761,766.26 Description 7.1 ANNUAL COMPREHENSIVE FINANCIAL REPORT OF THE CITY OF CRYSTAL, MINNESOTA For the Year Ended December 31, 2022 Prepared by City of Crystal Finance Department Abdo Financial Solutions, Finance Director 7.2 City of Crystal Table of Contents Page Introductory Section Elected Officials and Administration 1 Organizational Chart 3 Letter of Transmittal 5 Certificate of Achievement for Excellence in Financial Reporting 9 Financial Section Independent Auditor's Report 11 Management's Discussion and Analysis 15 Basic Financial Statements Government-Wide Financial Statements Statement of Net Position 30 Statement of Activities 31 Fund Financial Statements Balance Sheet – Governmental Funds 32 Reconciliation of the Balance Sheet to the Statement of Net Position – Governmental Funds 35 Statement of Revenues, Expenditures, and Changes in Fund Balances – Governmental Funds 36 Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances to the Statement of Activities – Governmental Funds 39 Statement of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual – General Fund 40 Statement of Net Position – Proprietary Funds 42 Statement of Revenues, Expenses, and Changes in Fund Net Position Proprietary Funds 44 Statement of Cash Flows – Proprietary Funds 46 Statement of Fiduciary Net Position 48 Statement of Changes in Fiduciary Net Position 48 Notes to Basic Financial Statements 49 Required Supplementary Information Schedule of Changes in Total OPEB Liability and Related Ratios 92 Schedule of Employer Contributions – OPEB 93 Schedule of City's Proportionate Share of Net Pension Liability – General Employees Retirement Fund 94 Schedule of City's Proportionate Share of Net Pension Liability – Public Employees Police and Fire Retirement Fund 94 Schedule of City Contributions – General Employees Retirement Fund 95 Schedule of City Contributions – Public Employees Police and Fire Retirement Fund 95 Notes to Required Supplementary Information 97 Supplementary Information Nonmajor Governmental Funds 105 7.2 City of Crystal Table of Contents Page Supplementary Information (Continued) Combining and Individual Fund Financial Statements and Schedules Combining Balance Sheet – Nonmajor Governmental Funds 106 Combining Statement of Revenues, Expenditures, and Changes in Fund Balances – Nonmajor Governmental Funds 108 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual – TIF Districts - Special Revenue 110 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual – EDA - Special Revenue 111 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual – Street Reconstruction - Capital Projects 112 Schedule of Revenues, Expenditures, and Changes in Fund Balance Budget and Actual – Park Improvement - Capital Projects 113 Schedule of Revenues, Expenditures, and Changes in Fund Balance – Budget and Actual – Police Equipment Revolving - Capital Projects 114 Combining Statement of Net Position - Internal Service Funds 115 Combining Statement of Revenues, Expenditures, and Changes in Net Position – Internal Service Funds 116 Combining Statement of Cash Flows – Internal Service Funds 117 Statistical Section (Unaudited) Table Page Net Position by Component 1 122 Change in Net Position 2 124 Fund Balances of Governmental Funds 3 128 Changes in Fund Balances of Governmental Funds 4 130 Taxable and Estimated Market Values of Taxable Property 5 132 Property Tax Rates – Direct and Overlapping Governments 6 133 Principal Property Taxpayers 7 134 Property Tax Levies and Collations 8 135 Legal Debt Margin Information 9 136 Ratios of Outstanding Debt by Type 10 138 Ratios of General Bonded Debt Outstanding 11 139 Direct and Overlapping Governmental Activities Debt 12 140 Demographic and Economic Statistics 13 141 Principal Employers 14 142 Full-Time City Government Employees by Function 15 143 Operating Indicators by Function 16 144 Capital Asset Statistics by Function 17 146 7.2 7.2 1 City of Crystal Elected Officials and Administration December 31, 2022 Elected Officials Position Term Expires Jim Adams Mayor December 31, 2024 Nancy LaRoche Council Member (Section I - Wards 1 and 2) December 31, 2024 Therese Kiser Council Member (Ward 1)December 31, 2022 Brendan Banks Council Member (Ward 2)December 31, 2022 Olga Parsons Council Member (Section II - Wards 3 and 4) December 31, 2022 John Budziszewski Council Member (Ward 3)December 31, 2024 David Cummings Council Member (Ward 4)December 31, 2024 Administration Position City Manager Appointed City Finance Director Appointed City Clerk Appointed City Attorney Appointed Anne Norris Abdo Financial Solutions Christina Serres Kennedy and Graven, Chartered Eckberg Lammers, PC City Prosecutor Appointed 7.2 2 7.2 3 City of Crystal Organizational Chart December 31, 2022 7.2 4 7.2 5 4141 Douglas Drive North • Crystal, Minnesota 55422-1696 Tel: (763) 531-1000 • Fax: (763) 531-1188 • www.crystalmn.gov May 25, 2023 To the Crystal City Council and Citizens of the City of Crystal, Minnesota The Annual Comprehensive Financial Report of the City of Crystal, Minnesota, for the fiscal year ended December 31, 2022, is hereby submitted. The report was prepared in accordance with accounting principles generally accepted in the United States of America and audited in accordance with U.S. generally accepted auditing standards. The report meets the requirements of the Office of the State Auditor and the City of Crystal Charter. This report consists of management's representations concerning the City of Crystal’s operations and financial position. Consequently, management assumes full responsibility for the completeness and reliability of all the information presented in this report. To provide a reasonable basis for making these representations, city management has established a comprehensive internal control framework that is designed both to protect the government's assets from loss, theft, or misuse and to compile sufficient reliable information for the preparation of the City's financial statements in conformity with GAAP. Because the cost of internal controls should not outweigh their benefits, the City's internal controls have been designed to provide reasonable, rather than absolute, assurance that the financial statements will be free from material misstatement. As management, we assert that, to the best of our knowledge and belief, this financial report is complete and reliable in all material respects. The City's financial statements have been audited by BerganKDV, Ltd., a firm of licensed certified public accountants. The goal of the independent audit was to provide reasonable assurance that the financial statements of the city for the fiscal year ended December 31, 2022, are free of material misstatement. The independent audit involved examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; assessing the accounting principles used and significant estimates made by management; and evaluating the overall financial statement presentation. The independent auditor concluded, based upon the audit, that there was a reasonable basis for rendering an unmodified opinion that the City's financial statements for the fiscal year ended December 31, 2022, are fairly presented in conformity with GAAP. The independent auditor's report is presented as the first component of the Financial Section of this report. GAAP requires that management provide a narrative introduction, overview, and analysis to accompany the basic financial statements in the form of Management's Discussion and Analysis (MD&A). This letter of transmittal is designed to complement MD&A and should be read in conjunction with it. The City's MD&A can be found immediately following the report of the independent auditors. 7.2 6 Profile of Government The City of Crystal, incorporated in 1960, is a northwestern suburb of the Minneapolis/St. Paul metropolitan area, lying adjacent to the City of Minneapolis. The city lies wholly within Hennepin County and encompasses an area of 5.8 square miles and serves a population of approximately 23,000 residents. The City is empowered to levy a property tax on both real and personal properties located within its boundaries. While it also is empowered by state statute to extend its corporate limits by annexation, the City of Crystal is a completely developed community and is bordered on all sides by other incorporated communities. The City operates under the Council-Manager form of government. Policy-making and legislative authority are vested in a governing council (City Council) consisting of the mayor and six other members. The City Council is responsible, among other things, for passing ordinances, adopting the budget, appointing committees, and hiring both the City Manager and the City Attorney. The City Manager is responsible for carrying out the policies and ordinances of the City Council and for overseeing the day-to-day operations of the City. The City Council is elected on a non-partisan basis. Council members serve four-year staggered terms, with three council members elected every two years. The mayor is also elected to serve a four-year term. The six council members are elected by section and ward; the mayor is elected at large. The City of Crystal provides its residents and businesses with a full range of services, including police protection, the construction and maintenance of streets and other infrastructure, recreational activities, building and housing inspections, planning, and zoning, and code enforcement. In addition, the City operates five enterprises for water, sanitary sewer, storm drainage, street lighting, and recycling services. Fire protection services are provided by a joint venture with the West Metro Fire-Rescue District, and water services are provided by a joint venture with the Golden Valley, Crystal, and New Hope Joint Water Commission. Additional information on these joint ventures can be found in the notes to the financial statements. Housing and redevelopment activities are provided through a legally separate Economic Development Authority (EDA). Its governing board is comprised of the city council members and the City has operational responsibility of the EDA, meaning it manages the EDA's activities in essentially the same manner that it manages its own programs and departments. Therefore, it has been included as an integral part of the City's financial statements. The annual budget serves as the foundation for the City's financial planning and control. In addition, the government maintains budgetary controls. The objective of budgetary controls is to ensure compliance with legal provisions embodied in the annual budget approved by the city Council. The level of budgetary control (i.e., the level at which expenditures cannot legally exceed the budgeted amount) is at the fund level for all fund types, with the exception of the General Fund, which is at the department level. Budget-to-Actual comparisons are provided in this financial report for each individual governmental fund for which an annual budget has been adopted. 7.2 7 FACTORS AFFECTING ECONOMIC CONDITION Local Economy Crystal is a modest residential bedroom community. While it has a small amount of industry, it has a strong retail sector and is part of the northwest metro area with an abundance of living wage jobs within easy commuting distance. Good schools and affordable housing make the City of Crystal attractive to young families and first-time home buyers. Access to major highways is good. Hennepin County reconstructed the portion of Hennepin County Highway 81 that passes through the city. Commercial and industrial properties along the Highway 81 corridor represents major redevelopment opportunities for future growth. The City experienced its most rapid population growth from 1950 to 1970 when the population grew from 5,700 to its peak of 30,925. Population declined after 1970, as families matured, and children left home. According to the 2020 Census, Crystal's population was 23,330. The most recent estimate from the Metropolitan Council is that Crystal's population is 22,791. The City of Crystal saw significant increases in the market value of commercial/industrial and residential property until 2008. The City's taxable market value began decreasing with a 10.1% decrease from 2010 to 2011, 13.3% from 2011 to 2012, 12.1% from 2012 to 2013, and 0.1% from 2013 to 2014. In 2015, the City then started seeing increases with the most recent increase of 14.06% from 2021 to 2022. Table 5 in the Statistical Section provides additional information on property values. Because Crystal is fully developed, redevelopment of targeted sites is generally necessary to increase the community's tax base. In 2022, construction took place on two $2,000,000+ medical clinics. The City continues to investigate redevelopment options as they arise. New homes not only increase the City of Crystal's assessed valuation, but they also serve as a confidence signal for other homeowners in the neighborhood to make improvements to their existing houses. To that end, the City provides financial incentives and assistance for home improvements. Qualifying property owners up to 100% of area median income are eligible for grants of up to $8,000 for qualifying improvements. The City also provides an interest rate buy- down for MHFA Community Fix-Up Fund loans. The overall goal of these efforts is to improve the condition, quality, and desirability of the housing stock to enhance Crystal's reputation as a desirable yet affordable place to buy a home. Long-term Financial Planning Capital budgeting for the replacement of buildings, streets, parks, and vehicles is a major financial challenge. The City has an ongoing street fund designed to rebuild streets, along with utilities as needed, add new curbs, gutters, and sidewalks, and add storm sewer. The Building Fund is an Internal Service fund created for the purpose of accumulating reserves for the replacement of buildings such as the Police Station (majority of the construction completed in 2022), Fire Stations 1 and 2, streets, parks, and utility buildings, the Community Center, and any other major building projects that may be needed over the next fifteen years. 7.2 8 FACTORS AFFECTING ECONOMIC CONDITION (CONTINUED) Relevant Financial Policies It is the City's policy to maintain a fund balance in its General Fund of at least 45% of the next year's operating budget. The purpose of this policy is to assist with cash flow requirements and contingency during the second half of the fiscal year. The City operates on a calendar year basis, but half of the property taxes and LGA are received in July and the other half in December. Property taxes and intergovernmental revenues were 89% of the General Fund's revenue in 2022. Major Initiatives The City continues to seek opportunities to facilitate commercial and residential redevelopment, subsidize home improvements by current owners, and fund construction projects that enhance the City's future development. Awards The Government Finance Officers Association of the United States and Canada (GFOA) awarded a Certificate of Achievement for Excellence in Financial Reporting to the City of Crystal for its annual comprehensive financial report with the most recent fiscal year ending December 31, 2021. To be awarded a Certificate of Achievement, a government must publish an easily readable and efficiently organized annual comprehensive financial report. This report must satisfy both accounting principles generally accepted in the United States of America and applicable legal requirements. A Certificate of Achievement is valid for a period of one year only. We believe that our current annual comprehensive financial report continues to meet the Certificate of Achievement Program's requirements and we are submitting it to the GFOA to determine its eligibility for another certificate. Acknowledgments The preparation of this report could not have been accomplished without the efficient and dedicated services of the staff of the finance department. We would like to express our appreciation to all members of the department for their assistance and contributions to the preparation of this report. Due credit should also be given to the mayor and the City Council for their interest and support in planning and conducting the operations of the government in a responsible and progressive manner. Respectfully submitted, Adam R. Bell City Manager City of Crystal 7.2 9 City of Crystal Certificate of Achievement for Excellence in Financial Reporting 7.2 10 7.2 11 Independent Auditor's Report Honorable Mayor and Members of the City Council City of Crystal Crystal, 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 the City of Crystal, Minnesota, as of and for the year ended December 31, 2022, and the related notes to the financial statements, which collectively comprise the City's basic financial statements as listed in the Table of Contents. In our opinion, the 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 the City of Crystal, Minnesota, as of December 31, 2022, and the respective changes in financial position and, where applicable, cash flows thereof, and the budgetary comparison for the General Fund for the year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinions We conducted our audit in accordance with auditing standards generally accepted in the United States of America (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 the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Emphasis of Matter – Implementation of GASB 87 The City has adopted new accounting guidance, Governmental Accounting Standards Board (GASB) Statement No. 87, Leases. Our opinion is not modified with respect to this matter. Responsibilities of Management for the Financial Statements The City of Crystal's 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. 7.2 12 Responsibilities of Management for the Financial Statements (Continued) In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City's ability to continue as a going concern for one year beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. 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 the City's internal control. Accordingly, no such opinion is expressed.  Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.  Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City's ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit. Our responsibility is to express opinions on these financial statements based on our audit. We did not audit the financial statements of the West Metro Fire-Rescue District nor the Golden Valley, Crystal, New Hope Joint Water Commission, joint ventures of the City which are disclosed in the notes to the City's financial statements, and in which the City reports an equity interest of $1,277,625 and $5,330,686, respectively. The financial statements of the District and Commission were audited by other auditors whose reports thereon have been furnished to us and our opinion, insofar as it relates to the amounts disclosed for the District and Commission, is based on the report of the other auditors. 7.2 13 Required Supplementary Information Accounting principles generally accepted in the United States of America require that the Management's Discussion and Analysis, which follows this report letter, and Required Supplementary information as listed in the Table of Contents be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board (GASB), 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. Supplementary Information Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City of Crystal's basic financial statements. The accompanying supplementary information identified in the Table of Contents is presented for purposes of additional analysis and are not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the basic financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the accompanying supplementary information is fairly stated, in all material respects, in relation to the basic financial statements as a whole. Other Information Management is responsible for the other information included in the Annual Comprehensive Financial Report. The other information comprises the introductory and statistical sections but does not include the basic financial statements and our auditor's report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report. 7.2 14 Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated May 25, 2023, on our consideration of the City of Crystal'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 the City's internal control over financial reporting and compliance. Minneapolis, Minnesota May 25, 2023 7.2 City of Crystal Management's Discussion and Analysis 15 As management of the City of Crystal (the City), we have provided readers of the City's financial statements with this narrative overview and analysis of the financial activities of the City for the fiscal year ended December 31, 2022. We encourage readers to consider the information presented here in conjunction with additional information that we have furnished in our Letter of Transmittal, located previously in this report. FINANCIAL HIGHLIGHTS The assets and deferred outflows of resources of the City exceeded its liabilities and deferred inflows of resources at the close of the most recent fiscal year by $125,639,972. Of this amount, $26,368,903 is considered unrestricted net position and may be used to meet the City's ongoing obligations to citizens and creditors. The City's total net position increased by $5,803,137. Governmental activities experienced a $3,553,276 increase in net position from operations while business-type activities experienced a $2,249,861 increase in net position from operations. At the end of the fiscal year, total fund balance for the General Fund was $6,512,093, or 36.21% of total General Fund expenditures and transfers out. The City's total long-term debt (excluding net pension liability and net OPEB obligation) decreased by $1,203,826 during the fiscal year. The City's Total OPEB Liability decreased by $142,604. Overview of the Financial Statements Management's Discussion and Analysis is intended to serve as an introduction to the City's basic financial statements, which are comprised of three components: 1) government-wide financial statements; 2) fund financial statements; and 3) notes to the 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's finances, in a manner similar to private sector business. The Statement of Net Position presents information on all the City's assets plus deferred outflows of resources and liabilities plus 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 is improving or deteriorating. The Statement of Activities presents information showing how the City's net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., uncollected taxes and earned but unused vacation leave). 7.2 City of Crystal Management's Discussion and Analysis 16 GOVERNMENT-WIDE FINANCIAL STATEMENTS (CONTINUED) Both of the government-wide financial statements distinguish functions of the City that are principally supported by taxes and intergovernmental revenues (governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the City include general government, public safety, public works, parks and recreation, and community development. The business-type activities of the City include enterprises for water, sanitary sewer, storm drainage, streetlights, and recycling. The government-wide financial statements include not only the City itself (known as the primary government), but also the Economic Development Authority (EDA). The EDA is a legally separate entity, and its governing board is comprised of the City Council members. The City has operational responsibility of the EDA, and it functions as a department of the City to provide housing and redevelopment assistance through the administration of various programs. Therefore, the EDA has been included as an integral part of the City's financial statements. Fund Financial Statements A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds of the City can be divided into three categories, including governmental funds, proprietary funds, and fiduciary funds. Governmental Funds Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near term inflows and outflows of spendable resources, as well as balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a government's near-term financing requirements. Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government's near-term financing decisions. Both the Governmental Fund Balance Sheet and the Governmental Fund Statement of Revenues, Expenditures, and Changes in Fund Balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities. The City maintains nine 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, Debt Service, and Street Reconstruction funds, all of which are considered to be major funds. Data from the other six governmental funds are combined into a single aggregated presentation. Individual fund data for each of these non-major governmental funds is provided in the form of combining statements elsewhere in this report. 7.2 City of Crystal Management's Discussion and Analysis 17 GOVERNMENT-WIDE FINANCIAL STATEMENTS (CONTINUED) Governmental Funds (Continued) The City adopts an annual appropriated budget for all of its governmental funds. Budget to actual comparisons are provided in this financial report for each individual governmental fund for which an annual budget has been adopted. Proprietary Funds The City maintains two different types of proprietary funds. Enterprise funds are used to report the same functions presented as business-type activities in the government-wide financial statements. The City uses enterprise funds to account for its water, sanitary sewer, storm drainage, streetlights, and recycling operations. Internal service funds are an accounting device used to accumulate and allocate costs internally among the City's various functions. The City uses internal service funds to account for its self- insurance, fleet, information technology, and city buildings activities. Because this activity predominantly benefits governmental rather than business-type functions, it has been included within governmental activities in the government-wide financial statements. Proprietary funds provide the same type of information as the government-wide financial statements, only in more detail. The proprietary fund financial statements provide separate information for the water, sanitary sewer, storm drainage, streetlights, and recycling operations, all of which are reported as major funds of the City. Fiduciary Funds Fiduciary funds are used to account for resources held for the benefit of parties outside the government. Fiduciary funds are not reflected in the government-wide financial statements because the resources of those funds are not available to support the City's own programs. The accounting used for fiduciary funds is much like that used for proprietary funds. Notes to 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. Other Information Required Supplementary Information concerning the City's progress in funding its obligation to provide pension and OPEB benefits to its employees is presented immediately following the notes to the financial statements. Combining and individual fund statements and schedules for nonmajor funds are presented immediately following the Required Supplementary Information. 7.2 City of Crystal Management's Discussion and Analysis 18 GOVERNMENT-WIDE FINANCIAL ANALYSIS Net Position The City has 70.26% of its total net position invested in capital assets (including land, buildings and structures, improvements other than buildings, machinery and equipment, office equipment and furnishings, software, vehicles and trailers, and infrastructure), less any related outstanding debt used to acquire those assets. The City uses these capital assets to provide services to citizens. Consequently, these assets are not available for future spending. Although the City's investment in its capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities. An additional 8.75% of the City's net position represents resources that are subject to external restrictions on how they may be used. The remaining balance of 20.99% represents unrestricted net position that may be used to meet the government's ongoing obligations to citizens and creditors. At the end of the current fiscal year, the City is able to report positive balances in all three categories of net position, both for the government and business-type activities. The same situation held true for the prior fiscal year. A summary of the City's net position follows: 2022 2021 2022 2021 2022 2021 Current and Other Assets 36,131,923$ 44,054,577$ 8,976,685$ 9,505,466$ 45,108,608$ 53,560,043$ Equity interest in joint venture 1,277,625 949,220 5,330,686 5,058,743 6,608,311 6,007,963 Capital assets 74,277,002 64,714,803 25,485,834 22,539,961 99,762,836 87,254,764 Total assets 111,686,550 109,718,600 39,793,205$ 37,104,170 151,479,755$ 146,822,770 Deferred Outflows of Resources 10,060,271 5,970,382 248,497 324,756 10,308,768 6,295,138 Long-Term liabilities outstanding 29,198,925 18,576,484 1,014,260 704,567 30,213,185 19,281,051 Other liabilities 2,848,194 4,629,079 854,653 438,800 3,702,847 5,067,879 Total liabilities 32,047,119 23,205,563 1,868,913 1,143,367 33,916,032 24,348,930 Deferred Inflows of Resources 2,135,092 8,472,085 97,427 460,058 2,232,519 8,932,143 Net Position Net investment in capital assets 62,949,446 53,305,046 25,321,967 22,539,961 88,271,413 75,845,007 Restricted 10,999,656 12,295,252 - - 10,999,656 12,295,252 Unrestricted 13,615,508 18,411,036 12,753,395 13,285,540 26,368,903 31,696,576 Total net position 87,564,610$ 84,011,334$ 38,075,362 35,825,501$ 125,639,972$ 119,836,835$ Changes in Net Position Governmental Activities Business-Type Activities Total 7.2 City of Crystal Management's Discussion and Analysis 19 GOVERNMENT-WIDE FINANCIAL ANALYSIS (CONTINUED) Net Position (Continued) A summary of the City's changes in net position and revenues and expenses for 2022 and 2021 follows: 2022 2021 2022 2021 2022 2021 Revenues Program revenues Charges for services 2,199,421$ 1,742,602$ 10,327,899$ 10,042,428$ 12,527,320$ 11,785,030$ Operating grants and contributions 890,737 963,527 563,599 202,760 1,454,336 1,166,287 Capital grants and contributions 8,553,139 1,670,868 7,801 49,395 8,560,940 1,720,263 General revenues Property taxes 14,175,783 13,437,858 - - 14,175,783 13,437,858 Intergovernmental 1,220,414 1,552,768 - - 1,220,414 1,552,768 Grants and contributions not restricted to specific programs - - - - - - Other (358,835) 163 (135,363) (21,648) (494,198) (21,485) Total revenues 26,680,659 19,367,786 10,763,936 10,272,935 37,444,595 29,640,721 Expenses General government 2,304,721 2,538,863 - - 2,304,721 2,538,863 Public safety 10,325,270 8,207,219 - - 10,325,270 8,207,219 Public works 4,650,024 4,789,185 - - 4,650,024 4,789,185 Parks and recreation 4,615,108 4,097,820 - - 4,615,108 4,097,820 Community development 1,481,719 1,748,467 - - 1,481,719 1,748,467 Interest on long-term debt 255,755 307,840 - - 255,755 307,840 Water - - 3,817,096 3,718,004 3,817,096 3,718,004 Sanitary sewer - - 2,668,640 2,742,022 2,668,640 2,742,022 Storm drainage- - 937,050 817,652 937,050 817,652 Street lights - - 205,757 180,314 205,757 180,314 Recycling - - 380,318 344,702 380,318 344,702 Total expenses 23,632,597 21,689,394 8,008,861 7,802,694 31,641,458 29,492,088 Change in Net Position Before Transfers 3,048,062 (2,321,608) 2,755,075 2,470,241 5,803,137 148,633 Transfers 505,214 479,501 (505,214) (479,501) - - Change in Net Position 3,553,276 (1,842,107) 2,249,861 1,990,740 5,803,137 148,633 Net position - beginning of year 84,011,334 85,853,441 35,825,501 33,834,761 119,836,835 119,688,202 Net position - end of year 87,564,610$ 84,011,334$ 38,075,362$ 35,825,501$ 125,639,972$ 119,836,835$ Governmental Activities Business-Type Activities Total Changes in Net Position Governmental Activities Governmental activities increased the City's governmental-type net position by $3,553,276, or 4.23%, accounting for 61.23% of the total increase in the City's net position. Business-type Activities Business-type activities increased the City's business-type net position by $2,249,861, or 6.28%, accounting for 38.77% of the total increase in the City's net position. 7.2 City of Crystal Management's Discussion and Analysis 20 GOVERNMENT-WIDE FINANCIAL ANALYSIS (CONTINUED) Governmental Activities Governmental activities increased the City's governmental-type net position by $3,553,276, or 4.23%, accounting for 61.23% of the total increase in the City's net position. Business-type Activities Business-type activities increased the City's business-type net position by $2,249,861, or 6.28%, accounting for 38.77% of the total increase in the City's net position. Key elements of the net increase include:  Rate increases – The City Council approved a rate increase of 9% for water, 8% for Sewer, and 4.75% for the storm drainage utility. 7.2 City of Crystal Management's Discussion and Analysis 21 EXPENSES AND PROGRAM REVENUES Governmental Activities $0 $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 General government Public safety Public works Parks and recreation Community development Interest on long- term debt 2022 Expenses and Program Revenues -Governmental Activities Expenses Revenues $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 General government Public safety Public works Parks and recreation Community development Interest on long- term debt 2021 Expenses and Program Revenues -Governmental Activities Expenses Revenues 7.2 City of Crystal Management's Discussion and Analysis 22 REVENUES BY SOURCE Capital grants and contributions 31% Charges for services 8% Operating grants and contributions 3% Property taxes 51% Intergovernmental 0% Unrestricted investment earnings -2% 2022 Revenues by Source - Governmental Activities 8.6%, Capital grants and contributions 9.0%, Charges for services 5.0%, Operating grants and contributions 69.4%, Property taxes 8.0%, Intergovernmental -0.8%, Unrestricted investment earnings0.4%, Other general revenue 2021 Revenues by Source - Governmental Activities 7.2 City of Crystal Management's Discussion and Analysis 23 EXPENSES AND PROGRAM REVENUES 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 Water Sanitary Sewer Storm drainage Street lights Recycling 2022 Expenses and Program Revenues - Business Type Activities Expenses Revenues 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 Water Sanitary Sewer Storm drainage Street lights Recycling 2021 Expenses and Program Revenues - Business Type Activities Expenses Revenues 7.2 City of Crystal Management's Discussion and Analysis 24 REVENUES BY SOURCE Charges for services 94% Operating grants and contributions 5% Unrestricted investment earnings -1% 2022 Revenues by Source - Business Type Activities Charges for services 97% Operating grants and contributions 2% Unrestricted investment earnings 0% 2021 Revenues by Source - Business Type Activities 7.2 City of Crystal Management's Discussion and Analysis 25 FINANCIAL ANALYSIS OF THE CITY'S FUNDS Governmental Funds At the end of the fiscal year, the City's governmental funds reported combined ending fund balances of $24,906,356, a decrease of $1,523,219 compared to the prior year. Approximately 22.32% of the total amount ($5,558,799) constitutes unassigned fund balance, which is available for spending at the government's discretion. The remainder of fund balance has been classified as nonspendable ($35,338), restricted ($5,025,433), committed ($14,187,152), and assigned ($99,634). The General Fund is the main operating fund of the City. At the end of the fiscal year total fund balance was $6,512,093. Unassigned fund balance was $5,558,799 of this amount, $917,956 was committed for amounts incurred as an expense but not yet paid, and $35,338 was reported as nonspendable to offset inventory and prepaid expenses. As a measure of the General Fund's liquidity, it may be useful to compare unassigned fund balance to total fund expenditures. Unassigned fund balance represents 30.91% of total General Fund expenditures and transfers out. The unassigned fund balance is slightly less than the balance called for by the City's fund balance policy. Fund balance provides working capital to support operations until the first current-year tax settlement is received in June and July. There was a decrease of $1,257,445 in the fund balance of the General Fund during the current fiscal year driven by an expenditure increase of $1,317,481 compared to the prior year. Total revenues were $393,139 lower than the final budget. Intergovernmental revenues were higher than budget, while charges for services, fines and forfeitures, licenses and permits, special assessments, and miscellaneous revenues were lower than the final budget. Actual expenditures were $882,098 higher than the final budget. The EDA Fund recorded a decrease of $77,447 in its fund balance during the current fiscal year. The fund balance of $2,232,803 was committed for economic development projects. The Debt Service Fund has a total fund balance of $4,051,763, all of which is restricted for the payment of debt service. The net decrease in fund balance during the current fiscal year was $287,098. For additional transaction details, refer to the Long-Term Debt section located later in this Management's Discussion and Analysis, or to Note 6 in the notes to the financial statements. The Street Reconstruction Fund recorded a decrease of $68,615 in its fund balance during the current fiscal year. All of the fund balance of $6,623,565 is committed. Proprietary Funds The City's proprietary funds provide the same type of information found in the government-wide financial statements, but in more detail. Unrestricted net position in the City's enterprise funds totaled $12,753,395 at the end of the fiscal year. The water, sewer, and storm drainage funds reported increases in net position from operations of $1,489,465, $476,885, and $330,534, respectively. Streetlights and recycling utility reported a decrease in net position from operations of $41,120 and $5,903. 7.2 City of Crystal Management's Discussion and Analysis 26 FINANCIAL ANALYSIS OF THE CITY'S FUNDS (CONTINUED) Budget Highlights The City's General Fund budget was not amended during the year. Both revenues and expenditures provided a negative budget variance. Total revenues were $393,139 lower than the final budget. Property taxes, special assessments, licenses and permits, charges for sales and/or services, fines and forfeitures, and interest revenues were lower than budget, while intergovernmental were higher than budget. Actual expenditures were $882,098 higher than the budget. Public safety, public works, general government, and recreation expenses were higher than budget, but community development expenses were lower than budget. Capital Assets The City's net capital assets for its governmental and business-type activities as of December 31, 2022, are $99,762,836. This balance represents a net increase of $12,508,072 from the prior year. Additional details of capital asset activity for the year can be found in Note 5 in the notes to the financial statements. Long-term Debt The City's total long-term debt decreased by $1,203,826, or 9.65%, during the fiscal year. Normal required annual payments were made on bonds payable and compensated absences. Additional details of long-term debt activity for the year can be found in Note 6 in the notes to financial statements. The City's sound financial management and strong financial position, as evidenced by favorable reserves, has earned the City an Aa2 rating from Moody's Investors Service on its General Obligation debt. State statutes limit the amount of General Obligation debt a governmental entity may issue to 3% of total taxable market value. The current debt limitation for the City is $77,383,408. The City currently has no outstanding General Obligation debt. Economic Factors and Next Year's Budgets and Rates Economic factors affect the preparation of annual budgets. The following factors were considered in preparing the City's budget for the 2022 fiscal year:  The 2022 budget includes a 5.27% tax levy increase. This will be supplemented by increases in other revenues to cover an inflationary increases within the operating budget.  In 2022, the City completed a utility rate study that updates the long-term plan for the utility funds resulting in varying increases to residential and commercial users. 7.2 City of Crystal Management's Discussion and Analysis 27 FINANCIAL ANALYSIS OF THE CITY'S FUNDS (CONTINUED) Requests for Information Questions concerning any of the information provided in this report or requests for additional information should be addressed to: City of Crystal Attn: Finance Director 4141 Douglas Drive N. Crystal, MN 55422 7.2 28 7.2 29 BASIC FINANCIAL STATEMENTS 7.2 See notes to basic financial statements. 30 City of Crystal Statement of Net Position December 31, 2022 Governmental Activities Business-Type Activities Total Assets Cash and investments (including cash equivalents) 24,541,386$ 4,941,543$ 29,482,929$ Temporarily restricted cash 159,774 - 159,774 Accrued interest 48,644 - 48,644 Accounts receivable 195,482 1,978,236 2,173,718 Delinquent taxes receivable 215,814 - 215,814 Special assessments receivable 7,496,631 404,469 7,901,100 Due from other governments 3,553,998 7,939 3,561,937 Lease receivable 1,013,856 - 1,013,856 Internal balances (1,400,000) 1,400,000 - Inventory 32,686 78,343 111,029 Prepaid items 2,652 166,155 168,807 Land held for resale 271,000 - 271,000 Equity interest in joint venture 1,277,625 5,330,686 6,608,311 Capital assets (net of accumulated depreciation/amortization, where applicable) Land 6,860,536 759,061 7,619,597 Buildings and structures 9,650,927 - 9,650,927 Improvements other than buildings 2,733,165 190,127 2,923,292 Machinery and equipment 2,267,179 1,011,155 3,278,334 Office equipment and furnishings 215,919 - 215,919 Software 1,886 15,704 17,590 Vehicles and trailers 2,057,381 - 2,057,381 Infrastructure 32,850,012 19,827,598 52,677,610 Construction in progress 17,398,835 3,682,189 21,081,024 Leased vehicles 241,162 241,162 Total assets 111,686,550 39,793,205 151,479,755 Deferred Outflows of Resources Pension-related deferred outflows of resourecs 9,757,176 217,737 9,974,913 OPEB-related deferred outflows of resources 303,095 30,760 333,855 Total deferred outflows of resources 10,060,271 248,497 10,308,768 Liabilities Accounts and other current liabilities 2,636,010 854,653 3,490,663 Interest payable 100,087 - 100,087 Unearned revenue 112,097 - 112,097 Noncurrent liabilities Due within one year 1,706,555 32,828 1,739,383 Due in more than one year 9,461,342 75,987 9,537,329 Net pension liability, due in more than one year 16,372,182 737,094 17,109,276 Total OPEB liability, due in more than one year 1,658,846 168,351 1,827,197 Total liabilities 32,047,119 1,868,913 33,916,032 Deferred Inflows of Resources Pension-related deferred inflows of resources 285,341 11,121 296,462 OPEB-related deferred inflows of resources 850,416 86,306 936,722 Deferred inflows of resources related to lease receivable 999,335 - 999,335 Total deferred inflows of resources 2,135,092 97,427 2,232,519 Net Position Net investment in capital assets 62,949,446 25,321,967 88,271,413 Restricted for TIF projects 885,615 - 885,615 Debt service 10,025,986 - 10,025,986 Special projects 88,055 - 88,055 Unrestricted 13,615,508 12,753,395 26,368,903 Total net position 87,564,610$ 38,075,362$ 125,639,972$ 7.2 See notes to basic financial statements. 31 Program RevenuesExpensesCharges for ServicesOperating Grants and ContributionsCapital Grants and ContributionsGovernmental ActivitiesBusiness-Type ActivitiesTotalGovernmental activities General government 2,304,721$ 251,089$ 96,996$ 34,390$ (1,922,246)$ -$ (1,922,246)$ Public safety 10,325,270 597,493 726,200 6,826,342 (2,175,235) - (2,175,235) Public works 4,650,024 - 13,074 1,575,239 (3,061,711) - (3,061,711) Recreation 4,615,108 518,047 12,840 80,000 (4,004,221) - (4,004,221) Community development 1,481,719 832,792 41,627 37,168 (570,132) - (570,132) Interest on long-term debt 255,755 - - - (255,755) - (255,755) Total governmental activities 23,632,597 2,199,421 890,737 8,553,139 (11,989,300) - (11,989,300) Business-type activities Water 3,817,096 5,032,917 546,634 - - 1,762,455 1,762,455 Sanitary sewer 2,668,640 3,347,460 16,876 7,801 - 703,497 703,497 Storm drainage 937,050 1,365,594 87 - - 428,631 428,631 Street lights 205,757 195,553 2 - - (10,202) (10,202) Recycling 380,318 386,375 - - - 6,057 6,057 Total business-type activities 8,008,861 10,327,899 563,599 7,801 - 2,890,438 2,890,438 Total primary government 31,641,458$ 12,527,320$ 1,454,336$ 8,560,940$ (11,989,300) 2,890,438 (9,098,862) General revenues Property taxes 14,175,783- 14,175,783 Unrestricted grants and state aids1,220,414 - 1,220,414 Unrestricted investment earnings (605,649) (135,363) (741,012) Other general revenue 135,828 - 135,828 Gain on sale of capital assets 110,986 - 110,986 Transfers 505,214 (505,214) - Total general revenues and transfers 15,542,576 (640,577) 14,901,999 Change in net position 3,553,276 2,249,861 5,803,137 Net position - beginning 84,011,334 35,825,501 119,836,835 Net position - ending 87,564,610$ 38,075,362$ 125,639,972$ Net (Expense) Revenues and Changes in Net PositionFunctions/ProgramsCity of CrystalStatement of ActivitiesYear Ended December 31, 2022 7.2 See notes to basic financial statements. 32 General Fund Debt Service Street Reconstruction - Capital Projects Assets Cash and investments 6,982,296$ 4,038,726$ 1,637,277$ Temporarily restricted cash 159,774 - - Taxes receivable 201,944 1,524 6,337 Special assessments receivable 70,091 6,086,199 1,249,005 Accounts receivable 71,257 - 21,351 Lease receivable 1,013,856 - - Accrued interest 48,644 - - Advances to other funds 99,350 - 5,000,000 Due from other governments 42,542 - 523,621 Inventories 32,686 - - Prepaid items 2,652 - - Land held for resale - - - Total assets 8,725,092$ 10,126,449$ 8,437,591$ Liabilities Accounts payable 187,184$ 376$ 38,137$ Due to other governments 151,798 - - Salaries and benefits payable 405,061 - - Deposits payable 159,774 - - Advances from other funds - - - Unearned revenue 112,097 - - Total liabilities 1,015,914 376 38,137 Deferred Inflows of Resources State aid related deferred inflows of resources - - 523,621 Unavailable revenue - property taxes 127,811 - 6,337 Unavailable revenue - special assessments 69,939 6,074,310 1,245,931 Deferred inflows of resources related to lease receivable 999,335 - - Total deferred inflows of resources 1,197,085 6,074,310 1,775,889 Fund Balances Nonspendable 35,338 - - Restricted - 4,051,763 - Committed 917,956 - 6,623,565 Assigned - - - Unassigned 5,558,799 - - Total fund balances 6,512,093 4,051,763 6,623,565 Total liabilities, deferred inflow of resouces, and fund balances 8,725,092$ 10,126,449$ 8,437,591$ City of Crystal Balance Sheet - Governmental Funds December 31, 2022 7.2 33 Other Governmental Funds Total Governmental Funds 6,265,068$ 18,923,367$ - 159,774 6,009 215,814 91,336 7,496,631 102,874 195,482 - 1,013,856 - 48,644 1,171,935 6,271,285 - 566,163 - 32,686 - 2,652 271,000 271,000 7,908,222$ 35,197,354$ 68,641$ 294,338$ 1,190 152,988 4,577 409,638 2,000 161,774 15,713 15,713 - 112,097 92,121 1,146,548 - 523,621 5,830 139,978 91,336 7,481,516 - 999,335 97,166 9,144,450 - 35,338 973,670 5,025,433 6,645,631 14,187,152 99,634 99,634 - 5,558,799 7,718,935 24,906,356 7,908,222$ 35,197,354$ 7.2 34 7.2 See notes to basic financial statements. 35 City of Crystal Reconciliation of the Balance Sheet to the Statement of Net Position - Governmental Funds December 31, 2022 Total fund balances - governmental funds 24,906,356$ Cost of capital assets 94,697,252 Less accumulated depreciation/amortization (51,121,434) Certain revenues are include in net position but are excluded from fund balances until they are available to liquidate liabilities of the current period. Unavailable revenue relating to: Property taxes 139,978 Special assessments 7,481,516 State shared taxes 523,621 Long-term liabilities are included in net position but are excluded from fund balances until due and payable. Bond principal payable (9,690,000) Premium on debt (314,098) Discount on debt 3,991 Lease liability (249,834) Interest payable (100,087) Compensated absences payable (917,956) Governmental funds do not report long-term amounts relating to OPEB. Deferred outflows of resources and deferred inflows of resources are created as a result of various differences related to pensions that are not recognized in the governmental funds. Deferred inflows of resources related to OPEB (850,416) Deferred outflows of resources related to OPEB 303,095 Total OPEB liability (1,658,846) Governmental funds do not report long-term amounts relating to pensions and OPEB. Deferred ourflows of resources and deferred inflows of resources are created as a result of various differences related to pensions that are not recognized in the governmental funds. Deferred inflows of resources related to pensions (285,341) Deferred outflows of resources related to pensions 9,757,176 Net pension liability (16,372,182) An internal service fund is used by management to charge the costs of insurance to individual funds. The assets and liabilities of the Self-Insurance Internal Service Fund are included in governmental activities in the Statement of Net Position. 30,034,194 Equity interests in underlying capital assets of joint ventures associated with governmental funds are not reported in such funds because they do not represent financial assets. Equity interest in joint venture - West Metro Fire-Rescue District 1,277,625 Total net position - governmental activities 87,564,610$ Amounts reported for governmental activities in the Statement of Net Position are different because: Capital assets used in governmental activities are not current financial resources and, therefore, are not reported as assets in governmental funds. 7.2 See notes to basic financial statements. 36 General Fund Debt Service Street Reconstruction - Capital Projects Revenues Property taxes 12,488,689$ -$ 245,926$ Special assessments 27,431 1,437,400 411,314 Licenses and permits 850,953 - - Intergovernmental 1,927,302 - 590,323 Charges for services 854,019 - - Fine and forfeitures 184,396 - - Interest (173,505) (54,632) (184,568) Miscellaneous 45,972 - 574 Total revenues 16,205,257 1,382,768 1,063,569 Expenditures Current General government 2,424,851 - - Public safety 9,082,619 - - Public works 1,873,638 - - Recreation 3,869,267 - - Economic development 735,304 - - Debt service Principal - 1,370,000 - Interest and other charges - 299,866 - Capital outlay - - 1,132,184 Total expenditures 17,985,679 1,669,866 1,132,184 Excess of revenues under expenditures (1,780,422) (287,098) (68,615) Other Financing Sources (Uses) Proceeds from sale of capital asset 3,185 - - Lease issuance 14,578 - - Transfers in 505,214 - - Total other financing sources (uses) 522,977 - - Net change in fund balances (1,257,445) (287,098) (68,615) Fund Balances Beginning of year 7,769,538 4,338,861 6,692,180 End of year 6,512,093$ 4,051,763$ 6,623,565$ City of Crystal Statement of Revenues, Expenditures, and Changes in Fund Balances - Governmental Funds Year Ended December 31, 2022 7.2 37 Other Governmental Funds Total Governmental Funds 1,425,291$ 14,159,906$ 32,839 1,908,984 - 850,953 126,890 2,644,515 - 854,019 4,440 188,836 (150,102) (562,807) 129,357 175,903 1,568,715 20,220,309 59,684 2,484,535 18,966 9,101,585 - 1,873,638 3,042 3,872,309 664,375 1,399,679 43,605 1,413,605 9,704 309,570 996,903 2,129,087 1,796,279 22,584,008 (227,564) (2,363,699) 24,064 27,249 293,439 308,017 - 505,214 317,503 840,480 89,939 (1,523,219) 7,628,996 26,429,575 7,718,935$ 24,906,356$ 7.2 38 7.2 See notes to basic financial statements. 39 City of Crystal Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances to Year Ended December 31, 2022 (1,523,219)$ Capital outlays are reported in governmental funds as expenditures. However, in the Statement of Activities, the cost of those assets is allocated over the estimated useful lives as depreciation expense. Capital outlays 1,559,045 Depreciation/amortization expense (3,173,697) Revenues relating to delinquent taxes, special assessments, and State shared taxes are included in the change in net position but are excluded from the net change in fund balances until they are available to liquidate liabilities of the current period. (871,023) The issuance of long-term debt provides current financial resources to governmental funds, while repayment of the principal of long-term debt consumes the current financial resources of governmental funds. Neither transaction, however, has any effect on net position. Also, governmental funds reported the effect of premiums, discounts, and similar items when debt is first issued, whereas these amounts are deferred and amortized in the Statement of Activities. Bond principal payments and adjustments 1,370,000 Lease principal payments and adjustments 43,605 Some expenses reported in the Statement of Activities do not require the use of current financial resources and therefore, are not reported as expenditures in governmental funds. Amortization of bond premium 41,607 Amortization of bond discount (1,957) Accrued interest payable 14,165 Compensated absences 39,565 OPEB expense 58,589 Pension costs in governmental funds are recognized when employer contributions are made. On the Statement of Activities pension costs are recognized on the accrual basis. The difference between actual employer contributions and accrual basis pension costs is reflected in pension expense. Pension expense (714,756) An internal service fund is used by management to charge the costs of insurance to individual funds. The change in net position of the Self-Insurance Internal Service Fund is included in governmental activities in the Statement of Net Position. 6,382,947 Net income (loss) from equity interests is included in the change in net position but is excluded from the change in fund balances. 328,405 Change in net position - governmental activities 3,553,276$ Net change in fund balances - governmental funds Amounts reported for governmental activities in the Statement of Activities are different because: the Statement of Activities - Governmental Funds 7.2 See notes to basic financial statements. 40 City of Crystal Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - General Fund Year Ended December 31, 2022 Original Final Actual Amounts Revenues Property taxes 12,586,094$ 12,586,094$ 12,488,689$ (97,405)$ Special assessments 52,000 52,000 27,431 (24,569) Licenses and permits 850,960 850,960 850,953 (7) Intergovernmental 1,777,489 1,777,489 1,927,302 149,813 Charges for services 862,503 862,503 854,019 (8,484) Fine and forfeitures 275,000 275,000 184,396 (90,604) Interest 125,000 125,000 (173,505) (298,505) Miscellaneous revenues 69,350 69,350 45,972 (23,378) Total revenues 16,598,396 16,598,396 16,205,257 (393,139) Expenditures General government Mayor and council 185,451 185,451 168,718 (16,733) Administration 1,200,366 1,200,366 1,244,944 44,578 Human resources 70,093 70,093 78,197 8,104 Assessing 369,658 369,658 315,265 (54,393) Legal 64,301 64,301 92,781 28,480 Elections 83,946 83,946 68,987 (14,959) Finance 379,376 379,376 451,505 72,129 City buildings - - 4,454 4,454 Total general government 2,353,191 2,353,191 2,424,851 71,660 Public safety Police 6,778,530 6,778,530 7,300,915 522,385 Fire 1,737,195 1,737,195 1,781,704 44,509 Total public safety 8,515,725 8,515,725 9,082,619 566,894 Public works Engineering 506,144 506,144 486,431 (19,713) Street maintenance 1,325,176 1,325,176 1,387,207 62,031 Total public works 1,831,320 1,831,320 1,873,638 42,318 Recreation Park maintenance 1,313,738 1,313,738 1,394,199 80,461 Forestry 94,924 94,924 80,131 (14,793) Recreation 1,160,949 1,160,949 1,159,004 (1,945) Community center 704,890 704,890 740,435 35,545 Waterslide/swimming pool 386,012 386,012 495,498 109,486 Total recreation 3,660,513 3,660,513 3,869,267 208,754 Variance with Final Budget Budgeted Amounts 7.2 See notes to basic financial statements. 41 City of Crystal Statement of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - General Fund Year Ended December 31, 2022 Original Final Actual Amounts Expenditures (Continued) Community development Planning and code enforcement 742,832$ 742,832$ 735,304$ (7,528)$ Total expenditures 17,103,581 17,103,581 17,985,679 882,098 Excess of revenues under expenditures (505,185) (505,185) (1,780,422) (1,275,237) Other Financing Sources Proceeds from sale of capital asset - - 3,185 3,185 Lease issuance - - 14,578 14,578 Transfers in 505,185 505,185 505,214 29 Total other financing sources 505,185 505,185 522,977 17,792 Net change in fund balances -$ -$ (1,257,445) (1,257,445)$ Fund Balance Beginning of year 7,769,538 End of year 6,512,093$ Budgeted Amounts Final Budget - Positive (Negative) 7.2 See notes to basic financial statements. 42 Water Sewer Storm Drainage Streetlights Assets Current assets Cash and investments (including cash equivilants)2,600,753$ 504,001$ 850,152$ 859,123$ Special assessment receivable 387,089 17,380 - - Accounts receivable 999,534 614,944 267,740 37,415 Advances to other funds - 30,000 - 30,000 Due from other governments 7,939 - - - Inventories 63,406 12,570 2,367 - Prepaid expenses 24,639 140,656 860 - Total current assets 4,083,360 1,319,551 1,121,119 926,538 Noncurrent assets Equity interest in joint venture 5,330,686 - - - Advances to other funds 900,000 30,000 500,000 30,000 Capital assets Land 42,200 - 716,861 - Infrastructure 4,747,988 11,240,053 17,638,264 634,133 Buildings - - - - Improvements other than buildings - - 187,246 16,861 Office equipment and furnishings - - - - Software 29,445 - - - Machinery and equipment 1,918,002 490,611 11,805 - Vehicles - - - - Construction in progress 808,217 879,845 1,994,127 - Total capital assets 7,545,852 12,610,509 20,548,303 650,994 Less accumulated depreciation (3,109,621) (5,073,683) (7,259,941) (426,579) Net capital assets 4,436,231 7,536,826 13,288,362 224,415 Total noncurrent assets 10,666,917 7,566,826 13,788,362 254,415 Total assets 14,750,277 8,886,377 14,909,481 1,180,953 Deferred Outflows of Resources Pension-related deferred outflows 88,102 86,430 43,205 - OPEB-related deferred outflows 12,304 12,304 6,152 - Total deferred outflows of resources 100,406 98,734 49,357 - Liabilities Current liabilities Accounts payable 12,760 18,443 3,273 12,694 Contracts payable - 72,996 90,871 - Salaries and benefits payable 11,627 11,529 5,764 - Deposits payable 1,300 - - - Advances from other funds 60,000 - - - Due to other governments 613,278 68 34 - Current compensated absences 13,131 13,131 6,566 - Total current liabilities 712,096 116,167 106,508 12,694 Noncurrent liabilities Compensated absences 30,395 30,395 15,197 - Advances from other funds 60,000 - - - Net pension liability 298,247 292,588 146,259 - Total OPEB liability 67,341 67,341 33,669 - Total noncurrent liabilities 455,983 390,324 195,125 - Total liabilities 1,168,079 506,491 301,633 12,694 Deferred Inflows of Resources Pension-related deferred inflows 4,500 4,414 2,207 - OPEB-related deferred intflows 34,523 34,523 17,260 - Total deferred intflows of resources 39,023 38,937 19,467 - Net Position Net investment in capital assets 4,436,231 7,463,830 13,197,491 224,415 Unrestricted 9,207,350 975,853 1,440,247 943,844 Total net position 13,643,581$ 8,439,683$ 14,637,738$ 1,168,259$ City of Crystal Statement of Net Position - Proprietary Funds December 31, 2022 7.2 43 Recycling Utility Totals 127,514$ 4,941,543$ 5,618,019$ - 404,469 - 58,603 1,978,236 - - 60,000 - - 7,939 2,987,835 - 78,343 - - 166,155 - 186,117 7,636,685 8,605,854 - 5,330,686 - - 1,460,000 - - 759,061 - - 34,260,438 - - - 18,932,040 - 204,107 552,237 - - 608,395 - 29,445 165,658 - 2,420,418 4,807,130 - - 4,058,053 - 3,682,189 17,136,743 - 41,355,658 46,260,256 - (15,869,824) (15,559,072) - 25,485,834 30,701,184 - 32,276,520 30,701,184 186,117 39,913,205 39,307,038 - 217,737 - - 30,760 - - 248,497 - 16 47,186 533,989 - 163,867 1,077,615 - 28,920 - - 1,300 - - 60,000 85,572 - 613,380 5,668 - 32,828 - 16 947,481 1,702,844 - 75,987 - - 60,000 7,570,000 - 737,094 - - 168,351 - - 1,041,432 7,570,000 16 1,988,913 9,272,844 - 11,121 - - 86,306 - - 97,427 - - 25,321,967 29,623,569 186,101 12,753,395 410,625 186,101$ 38,075,362$ 30,034,194$ Governmental Activities - Internal Service Funds 7.2 See notes to basic financial statements. 44 Water Sewer Storm Drainage Operating revenues Charges for services 5,032,917$ 3,347,460$ 1,365,594$ Other revenues 274,691 13,740 87 Miscellaneous - 3,136 - Total operating revenues 5,307,608 3,364,336 1,365,681 Operating expenses Personal services 431,782 400,051 199,935 Other services 370,794 332,904 249,976 Supplies 91,829 54,252 24,453 Water purchases 2,727,826 - - Sewage disposal charges - 1,704,607 - Electric service - - - Recycling charges - - - Depreciation 191,265 176,826 462,686 Equipment - - - Total operating expenses 3,813,496 2,668,640 937,050 Operating income (loss)1,494,112 695,696 428,631 Nonoperating revenues (expenses) Investment income (61,623) (15,245) (41,221) Interest expense (3,600) - - Gain on sale of capital assets - - - Net income (loss) from joint venture 271,943 - - Total nonoperating revenue (expenses)206,720 (15,245) (41,221) Income before capital contributions and transfers 1,700,832 680,451 387,410 Capital contributions - 7,801 - Transfers out (211,367) (211,367) (56,876) Change in net position 1,489,465 476,885 330,534 Net position - beginning of year 12,154,116 7,962,798 14,307,204 Net position - end of year 13,643,581$ 8,439,683$ 14,637,738$ City of Crystal Statement of Revenues, Expenses, and Changes in Net Position - Proprietary Funds Year Ended December 31, 2022 7.2 45 Streetlights Recycling Utility Totals 195,553$ 386,375$ 10,327,899$ 2,363,779$ 2 - 288,520 - - - 3,136 128,870 195,555 386,375 10,619,555 2,492,649 - - 1,031,768 - 30,810 63 984,547 1,155,156 - - 170,534 23,633 - - 2,727,826 - - - 1,704,607 - 142,398 - 142,398 - - 380,255 380,255 - 32,549 - 863,326 1,336,464 - - - 461,686 205,757 380,318 8,005,261 2,976,939 (10,202) 6,057 2,614,294 (484,290) (14,820) (2,454) (135,363) (42,842) - - (3,600) - - - - 83,737 - - 271,943 - (14,820) (2,454) 132,980 40,895 (25,022) 3,603 2,747,274 (443,395) - - 7,801 6,826,342 (16,098) (9,506) (505,214) - (41,120) (5,903) 2,249,861 6,382,947 1,209,379 192,004 35,825,501 23,651,247 1,168,259$ 186,101$ 38,075,362$ 30,034,194$ Governmental Activities - Internal Service Funds 7.2 See notes to basic financial statements. 46 Water Sewer Storm Drainage Street Lights Cash Flows - Operating Activities Receipts from customers 5,253,366$ 3,296,925$ 1,338,599$ 192,407$ Interfund services provided and used - - - - Payments to suppliers (2,941,451) (2,177,101) (164,499) (171,532) Payments to employees (421,780) (390,454) (195,271) - Miscellaneous revenue - - - - Net cash flows - operating activities 1,890,135 729,370 978,829 20,875 Cash Flows - Noncapital Financing Activities Transfer to other funds (211,367) (211,367) (56,876) (16,098) Cash Flows - Capital and Related Financing Activities Payments made on advance to other funds (960,000) - (500,000) - Receipts from advance from other funds - 30,000 - 30,000 Receipts from special assessments - 11,945 - - Payments on special assessments (2,474) - - - Interest paid on debt (3,600) - - - Proceeds from disposal of capital assets - - - - Grants and contributions - - - - Acquisition of capital assets (775,167) (1,034,951) (1,999,081) - Net cash flows - capital and related financing activities (1,741,241) (993,006) (2,499,081) 30,000 Cash Flows - Investing Activities Interest and dividends received (61,623) (15,245) (41,221) (14,820) Net change in cash and cash equivalents (124,096) (490,248) (1,618,349) 19,957 Cash and cash equivalents, January 1 2,724,849 994,249 2,468,501 839,166 Cash and cash equivalents, December 31 2,600,753$ 504,001$ 850,152$ 859,123$ Reconciliation of Operating Income (Loss) to Net Cash Flows - Operating Activities Operating income (loss) 1,494,112$ 695,696$ 428,631$ (10,202)$ Adjustments to reconcile operating income (loss) to net cash flows - operating activities Depreciation expense 191,265 176,826 462,686 32,549 Accounts receivable (123,445) (67,411) (27,082) (3,148) Due from other governments 69,203 - - - Prepaid items (1,282) (139,530) 31,409 - Inventory (25,130) (4,895) (248) - Accounts payable (36,239) (13,918) (2,674) 1,676 Contracts payable - 72,996 81,438 - Due to other governmental units 312,949 9 5 - Salaries payable 436 338 168 - Deposits payable (1,300) - - - OPEB (4,518) (3,100) (1,601) - Pension related activity 15,862 14,137 6,986 - Compensated absences payable (1,778) (1,778) (889) - Total adjustments 396,023 33,674 550,198 31,077 Net cash flows - operating activities 1,890,135$ 729,370$ 978,829$ 20,875$ Noncash Capital and Related Financing Activities Net income (loss) from joint venture 271,943$ -$ -$ -$ City of Crystal Statement of Cash Flows - Proprietary Funds Year Ended December 31, 2022 7.2 47 Recycling Utility Totals Internal Service Funds 376,275$ 10,457,572$ -$ - - (587,964) (380,349) (5,834,932) (2,452,357) - (1,007,505) - - - 92,778 (4,074) 3,615,135 (2,947,543) (9,506) (505,214) - - (1,460,000) - - 60,000 7,655,572 - 11,945 - - (2,474) - - (3,600) - - - 303,940 - - 6,826,342 - (3,809,199) (12,176,193) - (5,203,328) 2,609,661 (2,454) (135,363) (42,842) (16,034) (2,228,770) (380,724) 143,548 7,170,313 5,998,743 127,514$ 4,941,543$ 5,618,019$ 6,057$ 2,614,294$ (484,290)$ - 863,326 1,336,464 (10,100) (231,186) - - 69,203 (2,987,835) - (109,403) - - (30,273) - (31) (51,186) (815,707) - 154,434 - - 312,963 3,825 - 942 - - (1,300) - - (9,219) - - 36,985 - - (4,445) - (10,131) 1,000,841 (2,463,253) (4,074)$ 3,615,135$ (2,947,543)$ -$ 271,943$ -$ 7.2 See notes to basic financial statements. 48 Hennepin Recycling Group Custodial Fund Assets Cash and investments (including cash equivalents)428,417$ Liabilities Accounts payable 100,957$ Due to other governments 88,280 Total liabilities 189,237$ Net Position Held in custody for other governmental units 314,266$ Hennepin Recycling Group Custodial Fund Additions Charges for serivces 1,024,148$ Investment income (10,342) Intergovernmental 152,562 Refunds and reimbursements 483 Other income 318,074 Total additions 1,484,925 Deductions Recycling services 1,266,406$ Administrative and grant services 21,015 Other contract and professional services 95,895 Office supplies 8,936 Rentals 19,131 Total deductions 1,411,383 Change in net position 73,542 Net Position Beginning of year 240,724 End of year 314,266$ City of Crystal Statement of Fiduciary Net Position December 31, 2022 Statement of Changes Fiduciary Net Position Year Ended December 31, 2022 7.2 49 City of Crystal Notes to Basic Financial Statements NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. Reporting Entity The City of Crystal (the City) operates under the Home Rule Charter form of government in accordance with applicable State of Minnesota Statutes. The charter prescribes a Council-Manager form of organization. The governing body consists of a seven-member City Council elected at large to serve four-year staggered terms. The accompanying financial statements present the activities of the government. Certain organizations have been defined in accordance with GASB Statement No. 14 and are presented in this report as follows: 1. Blended Component Units Blended component units, although legally separate entities, are, in substance, part of the government's operations. The City has one blended component unit which is reported as if it were part of the City. The Economic Development Authority (EDA), in and for the City, was created by the City to provide housing and redevelopment assistance through the administration of various programs. It levies taxes to provide funds for redevelopment in the City. Although the EDA is legally separate from the City, it is reported as if it were part of the primary government. Its governing board is comprised of the City Council members and the City has operational responsibility of the EDA, meaning it manages the EDA's activities in essentially the same manner in which it manages its own programs and departments. The EDA is reported as a special revenue fund. It does not issue a separate set of financial statements. 2. Joint Ventures A joint venture is a legal entity or other organization that results from a contractual agreement and that is owned, operated, or governed by two or more participants as a separate and specific activity subject to joint control. The participants retain either an ongoing financial interest or an ongoing financial responsibility. The City participates in two joint ventures – the Golden Valley, Crystal, New Hope Joint Water Commission, and the West Metro Fire-Rescue District. Descriptions and other financial information for these organizations are included in the note entitled Joint Ventures and Jointly Governed Organizations. 3. Jointly Governed Organizations The City has several agreements with governmental and other entities that provide reduced costs, better service, and additional benefits to participants. The various programs in which the City participates in are described in the note entitled Joint Ventures and Jointly Governed Organizations. B. 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 non-fiduciary activities of the primary government and its component units. 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 charges for sales and/or services and fees. 7.2 50 City of Crystal Notes to Basic Financial Statements NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) B. Government-Wide and Fund Financial Statements (Continued) Separate financial statements are provided for governmental funds, proprietary funds, and fiduciary funds, even though the latter are excluded from the government-wide financial statements. Major individual governmental funds and major individual enterprise funds are reported as separate columns in the fund financial statements. Aggregated information for the remaining nonmajor governmental funds is reported in a single column in the fund financial statements. 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. The City does not allocate indirect expenses. Program revenues include 1) charges to customers or applicants who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment, 2) operating grants and contributions restricted to meeting the operational requirements of a particular function, and 3) capital grants and contributions restricted to meeting the capital requirements of a particular function, including special assessments. Internally dedicated resources are reported as general revenues rather than as program revenues. Likewise, general revenues include all taxes. As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. However, charges between the City's enterprise funds and other functions (i.e., interfund services provided and used) are not eliminated, as that would distort the direct costs and program revenues reported in those functions. Depreciation expense is included in the direct expenses of each function. Interest on long-term debt is considered an indirect expense and is reported separately under governmental activities on the Statement of Activities. C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting, as are the proprietary fund financial statements. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Property taxes are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the provider have been met. Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. "Measurable" means the amount of the transaction can be determined and "available" means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. For this purpose, the City considers revenues to be available if they are collected within 60 days after year-end. Major revenues susceptible to accrual include property taxes, special assessments, intergovernmental revenues, charges for services, and investment earnings. Major revenues not susceptible to accrual include licenses, permits, inspection fees, and miscellaneous revenues. Such revenues are recorded only as received because they are not measurable until collected. Issuance of bonds and proceeds from sale of property and equipment are reported as other financing sources. 7.2 51 City of Crystal Notes to Basic Financial Statements NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation (Continued) Expenditures generally are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures, as well as expenditures related to compensated absences and claims and judgments, are recorded only when payment is due. Proprietary funds distinguish operating revenues and expenses from non-operating items. Operating revenues and expenses generally result from providing services and producing and delivering goods in connection with a proprietary fund's principal ongoing operations. The principal operating revenues of the enterprise funds and of the government's internal service fund are charges to customers for sales and services. Operating expenses for enterprise funds and the internal service fund include the cost of sales and services, administrative expenses, and depreciation on capital assets. All revenues and expenses not meeting this definition are reported as non-operating revenues and expenses. The Custodial Fund is presented in the fiduciary fund financial statements. Since, by definition, these assets are being held for the benefit of a third party (other local governments, private parties, etc.) and cannot be used to address activities or obligations of the City, this fund is not incorporated into the government-wide statements. This fund uses the economic resources measurement focus and the accrual basis of accounting. When both restricted and unrestricted resources are available for use, it is the government's policy to use restricted resources first, then unrestricted resources as they are needed. Description of Funds: The government reports the following major governmental funds: General Fund – This is the government's primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund. Debt Service – This fund accounts for resources accumulated, and payments made, for principal and interest on long-term general obligation debt and tax increment revenue notes of governmental funds. Street Reconstruction – Capital Projects – This fund is used to account for ongoing street reconstruction projects in the City. The City has been divided into a total of sixteen reconstruction phases. The government reports the following major proprietary funds: Water Fund – This fund accounts for the provision of water to residents and customers of the City. The cities of Crystal, Golden Valley, and New Hope established a joint water commission in 1963 to provide for the creation and maintenance of a joint water supply, storage, and distribution system through which water purchased from the City of Minneapolis can be supplied to the population of the member cities. 7.2 52 City of Crystal Notes to Basic Financial Statements NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) C. Measurement Focus, Basis of Accounting, and Financial Statement Presentation (Continued) Description of Funds: (Continued) The government reports the following major proprietary funds: (Continued) Sanitary Sewer Fund – This fund accounts for the collection and pumping of sanitary sewage through a system of sewer lines and lift stations. Sewage is treated by Metropolitan Council Environmental Services (MCES). Storm Drainage Fund – This fund accounts for the operation, maintenance, and improvement of the City's storm drainage system. Streetlights Fund – This fund accounts for the operation, maintenance, and improvement of the City's street lights. Recycling Fund – This fund accounts for the provision of recycling services to residents and customers of the City. Recycling services are provided by Hennepin Recycling Group (HRG). Additionally, the government reports the following fund types: Internal Service Funds are used to account, on a cost-reimbursement basis, for the financing of uninsured risks of loss (self-insurance), fleet, information technology, and City buildings. Related services are provided to other departments of the City. The Fiduciary Fund accounts for the collection, recycling, and disposal of solid waste activities of Hennepin Recycling Group (HRG), a jointly-governed organization in which the City participates. D. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position or Equity 1. Deposits and Investments The City's cash and cash equivalents are considered to be change funds, demand deposits, and short-term investments with original maturities of three months or less from the date of acquisition. Cash balances from all funds are combined and invested to the extent available in authorized investments (refer to note entitled Deposits and Investments). Earnings from such investments are allocated to respective funds on the basis of applicable cash balance participation by each fund. Certain investments for the City are reported at fair value as disclosed in Note 2. The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The Hierarchy is based on the valuation inputs used to measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant unobservable inputs. 7.2 53 City of Crystal Notes to Basic Financial Statements NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) D. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position or Equity (Continued) 1. Deposits and Investments (Continued) In accordance with GASB Statement No. 79, the Minnesota Municipal Investment Pool securities are valued at amortized cost, which approximates fair value. There are no restrictions or limitations on withdrawals from the 4M Liquid Asset Fund. Investments in the 4M Plus must be deposited for a minimum of 14 calendar days. Withdrawals prior to the 14-day restriction period will be subject to a penalty equal to seven days interest on the amount withdrawn. Seven days' notice of redemption is required for withdrawals of investments in the 4M Term Series withdrawn prior to the maturity date of that series. A penalty could be assessed as necessary to recoup the Series for any charges, losses, and other costs attributable to the early redemption. 2. Temporarily Restricted Cash A portion of Cash is reported as temporarily restricted in an amount equal to the balance reported in Deposits Payable of the General Fund. The amount represents funds collected as surety on site improvements in progress within the City. Once site improvements have been satisfactorily completed in accordance with terms of individual agreements, individual amounts will be released. 3. Receivables All utility and miscellaneous accounts receivable are reported gross. Since most uncollectible accounts are able to be certified to Hennepin County for collection with property taxes, no allowance for uncollectible accounts has been provided. 4. Property Taxes Property tax levies are set by the City Council in December of each year and are certified to Hennepin 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. Revenues are accrued and recognized in the year collectible, net of delinquencies. Real property taxes may be paid by taxpayers in two equal installments by May 15 and October 15 of each year. Personal property taxes may be paid by February 28 and June 30 of each year. The County provides tax settlements to cities and other taxing districts three times a year – in July, December, and January of the following year. In the fund financial statements, taxes that remain unpaid at December 31 are classified as delinquent taxes receivable. They are fully offset by a deferred inflow of resources because they are not known to be available to finance current expenditures. 7.2 54 City of Crystal Notes to Basic Financial Statements NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) D. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position or Equity (Continued) 5. Special Assessments In accordance with state statutes, special assessments are levied against benefited properties for the assessable costs of improvement projects. The City normally adopts an assessment roll at the time an individual project is started. Assessments are collectible over a term of years generally consistent with the term of years of the related bond issue. The County handles collection of annual installments, including interest, in the same manner as property taxes. Property owners are allowed to prepay total future installments without interest or prepayment penalties. In the fund financial statements, special assessments receivable include the following components, and are offset by a deferred inflow of resources:  Delinquent – Amounts billed to property owners but not yet paid  Deferred – Installments that will be billed to property owners in future years. 6. Inventories Fuel inventory recorded in the General Fund and parts inventories recorded in the enterprise funds are valued at cost using the first-in/first-out (FIFO) method. The cost of inventories is recorded using the consumption method, where costs are recorded as expenditures/expenses when consumed rather than when purchased. 7. Prepaid Items Prepaid items in the government-wide and fund financial statements reflect costs paid to vendors that are applicable to future accounting periods. The cost of prepaid items is recorded using the consumption method, where costs are recorded as expenditures when consumed rather than when purchased. 8. Land Held for Resale The Crystal EDA acquires properties for redevelopment purposes. Land held for resale is reported as an asset at its net realizable value in the EDA Special Revenue Fund. Any costs incurred that are above a property's net realizable value are reported as expenditures of the current period. 9. Interfund Receivables and Payables Activities between funds that are representative of lending and borrowing arrangements are referred to at year-end as advances to/from other funds. The current and noncurrent portions are reported on the Statement of Fund Net Position for the proprietary funds. All other outstanding balances between funds are reported as due to/from other funds. 7.2 55 City of Crystal Notes to Basic Financial Statements NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) D. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position or Equity (Continued) 10. Capital Assets Capital assets, both tangible and intangible, which include land, buildings, and structures, improvements other than buildings, machinery, and equipment, office equipment and furnishings, software, vehicles and trailers, and infrastructure (utility systems, traffic and transportation systems, and park systems) are reported in the applicable governmental or business-type activities columns in the government-wide financial statements. With the initial capitalization of infrastructure assets of governmental activities, as required by the implementation of GASB Statement No. 34, the City chose to include all such items, regardless of acquisition date. Historical costs were available from an independent, city-wide asset valuation that had been completed in 1992, as well as from contractor invoices for street reconstruction projects completed subsequent to 1992. Tangible and intangible capital assets are defined by the City as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of one year. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation. The costs of normal maintenance and repairs that do not add to the value of assets or materially extend asset lives are not capitalized. Interest is not being capitalized on construction projects. Tangible and intangible capital assets of the City are depreciated using the straight-line, mid-month convention. In instances in which estimated useful lives have been revised to more closely approximate historical experience, depreciation is calculated by taking the net remaining value over the remaining life (prospectively). Estimated useful lives are as follows: Years Buildings and structures 5-50 Improvements other than buildings 5-40 Machinery and equipment 5-30 Office equipment and furnishings 5-20 Software 5 Vehicles and trailers 3-12 Infrastructure Utility systems 25-75 Traffic and transportation systems 10-30 Park systems 15-20 Classification 7.2 56 City of Crystal Notes to Basic Financial Statements NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) D. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position or Equity (Continued) 11. Fund Balance Classifications In the fund financial statements, governmental funds report fund balance in classifications that disclose constraints for which amounts in those funds can be spent. Classifications of fund balance that will be used are as follows:  Nonspendable Fund Balance – These are resources that cannot be spent because they are either not readily convertible to cash or are legally or contractually required to be maintained intact. Examples include money held in escrow, prepaid amounts, land held for resale, and long-term loans or notes receivable.  Restricted Fund Balance – These are resources whose spending is constrained externally by creditors or by laws and regulations of another government. Examples include grants, intergovernmental revenues, and resources in debt service funds that include a legally enforceable requirement that those resources be spent only for specific purposes.  Committed Fund Balance – These are resources that can only be used for specific purposes established by the City Council. Establishment of these specific purposes must be done by a resolution adopted by the City Council and may only be changed or removed by a resolution adopted by the City Council.  Assigned Fund Balance – These are resources that the City intends to be used for specific purposes but are neither restricted nor committed. Assigned fund balances are established by a motion of the City Council. The City Council may also delegate this authority to the City Manager, who may act upon recommendation of the Finance Director.  Unassigned Fund Balance – These are resources that are available for any purpose of the fund. Amounts identified as cash flow resources are classified as unassigned. Only the General Fund may have a positive unassigned fund balance. A deficit fund balance in any fund must be classified as an unassigned fund balance. When multiple classifications of resources are available for use, it is the City's policy to first use restricted resources if permitted, then committed, assigned, or unassigned resources. It is the City's policy to retain in fund balance resources that have the lowest level of constraints possible. The City Council has formally adopted a policy regarding the minimum unassigned fund balance for the General Fund. The most significant revenue source of the General Fund is property taxes. This revenue source is received in two installments during the year – July and December. As such, it is the City's goal to begin each fiscal year with sufficient cash flow reserves to fund operations between each semi-annual receipt of property taxes. 7.2 57 City of Crystal Notes to Basic Financial Statements NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) D. Assets, Liability, Deferred Outflows/Inflows of Resources, and Net Position or Equity (Continued) 11. Fund Balance Classifications (Continued) The policy states that when fund balance at the end of a year exceeds non-spendable fund balance, restricted fund balance, liability for compensated absences of employees, assigned fund balance, and 45% of the subsequent year's budget, the City Council shall consider transferring at least 25% of the excess fund balance to one of the capital project funds. At any time during the year the City Council may consider transferring any or all of the excess fund balance to any other fund of the City, as needed. 12. Compensated Absences The City compensates all employees for unused vacation hours upon termination. Eligible employees are compensated for accrued compensatory hours upon termination. Employees terminating their employment with the City after ten or more continuous years of service are compensated for 40% of their accumulated sick leave hours at their current base hourly rate of pay. The maximum amount of accrued sick leave hours that may be converted is 960. Accumulated or vested vacation, compensatory, and sick time estimated to be payable as termination pay is accrued as incurred in the government-wide and proprietary fund financial statements. A liability for these amounts is reported in governmental funds only if they have matured, for example, as a result of employee resignations and retirements. 13. Long-Term Obligations In the government-wide financial statements and in the proprietary fund types in fund financial statements, long-term debt, and other long-term obligations are reported as liabilities in the applicable governmental activities, business-type activities, or proprietary fund type Statement of Net Position. Bond premiums and discounts are deferred and amortized over the life of bonds using the straight-line method. Bonds payable are reported net of the applicable bond premium or discount. Debt issuance costs are recognized as expense in the period incurred. In the fund financial statements, governmental fund types recognize bond premiums, discounts, and 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. 14. Deferred Outflows of Resources In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element represents a consumption of net assets 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 item that qualifies for reporting in this category. The City presents deferred outflows of resources on the Statement of Net Position for deferred outflows of resources related to pensions and OPEB for various estimate differences that will be amortized and recognized over future years. 7.2 58 City of Crystal Notes to Basic Financial Statements NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) D. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position or Equity (Continued) 15. Deferred Inflows of Resources (Continued) In addition to liabilities, the statement of financial position and fund financial statements will sometimes report a separate section for deferred inflows of resources. This separate financial statement element represents an acquisition of net assets that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The City has four items that qualify for reporting in this category: 1) The City presents deferred inflows of resources on the Governmental Fund Balance Sheet as unavailable revenue. The governmental funds report unavailable revenues from two sources, including property taxes and special assessments. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available. 2) The City presents deferred inflows of resources on the Statement of Net Position for pension and OPEB-related deferred inflows of resources. Pension and OPEB related deferred inflows of resources result from various estimate differences that will be amortized and recognized over future years. 3) At the fund level, grants received for subsequent years are presented as deferred inflows of resources as time requirements have not been met. 4) Deferred inflows of resources related to lease receivable is reported in both the government-wide Statement of Net Position and the Governmental Funds Balance Sheet. 16. 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 of Minnesota (PERA) and additions to/deductions from PERA's fiduciary net position have been determined on the same basis as they are reported by PERA, except that PERA's fiscal year end is June 30. 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. 17. Statement of Cash Flows For purpose of the Statement of Cash Flows, the City considers all highly liquid debt instruments with an original maturity from the time of purchase by the City of three months or less to be cash equivalents. The proprietary fund's equity in the government-wide cash and investment management pool is considered to be cash equivalents. 18. Budgets and Budgetary Accounting The City follows these procedures in establishing the budgetary data reflected in the financial statements:  Prior to each September 15, the City Manager submits to the City Council proposed operating budgets for the fiscal year commencing the following January. The operating budgets include proposed expenditures and the means of financing them. 7.2 59 City of Crystal Notes to Basic Financial Statements NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) D. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position or Equity (Continued) 18. Budgets and Budgetary Accounting (Continued)  In November, the County mails individual property tax notices to residents showing the taxes that would result from the proposed budgets of all taxing units within the City.  Prior to proposed budgets being approved, public hearings are conducted to obtain taxpayer comments.  In December, final budgets are legally enacted by the City Council through passage of a resolution.  During the budget year, the City Council must authorize any transfer of budgeted amounts between departments within the General Fund. City management may authorize a transfer of budgeted amounts within individual departments without obtaining approval from the City Council.  Supplemental appropriations during the year may only be made by the City Council. These amounts must be financed by funds from the contingency reserve set up in the General Fund or by additional revenues.  All budget amounts lapse at the end of the year to the extent they have not been expended.  Budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America. The City budgets for its General Fund, EDA Special Revenue Fund, TIF Special Revenue Fund, and the following capital projects funds, Street Reconstruction, Police Equipment Revolving, and Park Improvement. The budgets are adopted on a modified accrual basis.  Budgetary control is maintained at the department level for the General Fund and at the fund level for all other funds that adopt annual budgets. City management must request approval from the City Council before exceeding budget at the applicable level. 19. Net Position Net position represents the difference between assets and deferred outflows of resources and liabilities and deferred inflows of resources in the government-wide financial statements. The net investment in capital assets portion of net position consists of capital assets, net of accumulated depreciation, reduced by the outstanding balance of any long-term debt used to build or acquire the capital assets. Net position are reported as restricted in the government-wide financial statements when there are limitations imposed on their use through external restrictions imposed by creditors, grantors, or laws or regulations of other governments. 7.2 60 City of Crystal Notes to Basic Financial Statements NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED) D. Assets, Liabilities, Deferred Outflows/Inflows of Resources, and Net Position or Equity (Continued) 20. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. Estimates also affect the reported amounts of revenue and expenditures/expense during the reporting period. Actual results could differ from those estimates. NOTE 2 – DEPOSITS AND INVESTMENTS A. Deposits In accordance with Minnesota Statutes, the City maintains deposits at national or state banks within the state, as authorized by the City Council. The following is considered to be the most significant risk associated with deposits: Custodial Credit Risk: In the case of deposits, this is the risk that in the event of a bank failure, the deposits may be lost. Minnesota Statutes require that all City deposits be protected by federal deposit insurance, corporate surety bond, or collateral. The market value of collateral pledged must equal 110% of the deposits not covered by federal deposit insurance or corporate surety bonds. Authorized collateral includes treasury bills, notes, and bonds; issues of U.S. government agencies; general obligations rated "A" or better; revenue obligations rated "AA" or better; irrevocable standard letters of credit issued by the Federal Home Loan Bank; and certificates of deposit. Minnesota Statutes require that securities pledged as collateral be held in safekeeping in a restricted account at the Federal Reserve Bank or in an account at a trust department of a commercial bank or other financial institution that is not owned or controlled by the financial institution furnishing the collateral. During the year, all deposits and investments were collateralized in accordance with these provisions. The City has no additional deposit policies addressing custodial credit risk for deposits. At year-end, the City's carrying amount of deposits was $3,002,571 and the bank balance was $3,086,701. All of the bank balance was covered by FDIC insurance or collateralized by pledged collateral held in the City's name at Wells Fargo. The City's policy is to comply with Minnesota Statutes, which require that all deposits be protected by federal deposit insurance, corporate surety bond, or collateral. The market value of collateral pledged must equal 110% of the deposits not covered by federal deposit insurance or corporate surety bonds. Minnesota Statutes require that securities pledged as collateral be held in safekeeping by the City Treasurer or in a financial institution other than that furnishing the collateral. 7.2 61 City of Crystal Notes to Basic Financial Statements NOTE 2 – DEPOSITS AND INVESTMENTS (CONTINUED) B. Investments The City has a formal investment policy to establish guidelines for the prudent investment of City funds. Funds of the City will be invested in compliance with the provisions of Minnesota Statutes Chapter 118A. Allowable investments include the following:  Bonds, notes, bills, mortgages, and other securities that are direct obligations or are guaranteed or insured issues of the United States, its agencies, instrumentalities, or organizations created by Congress.  State and local securities, including: o Any security that is a general obligation of any state or local government with taxing powers and is rated "A" or better by a national bond rating agency o Any security that is a revenue obligation of any state or local government with taxing powers and is rated "AA" or better by a national bond rating agency  Commercial paper issued by United States corporations or their Canadian subsidiaries that is rated in the highest quality category by at least two nationally recognized rating agencies and that matures in 270 days or less.  Time deposits that are fully insured by the Federal Depository Insurance Corporation.  Bankers' acceptances of United States banks.  Money market mutual funds.  Government investment pools, including the Minnesota Municipal Money Market Fund. As of December 31, 2022, the City had the following investments and maturities: Fair Less than Value One Year 1-5 Years 6-10 Years Brokered certificates of deposit 14,557,361$ 3,542,443$ 10,497,701$ 517,217$ State and local government bonds 2,045,637 - 2,045,637 - Money market accounts 10,463,482 10,463,482 - - Total 27,066,480$ 14,005,925$ 12,543,338$ 517,217$ Investment Type Investment Maturities Interest Rate Risk: This is the risk of potential variability in the fair value of fixed rate investments resulting from changes in interest rates (the longer the period for which an interest rate is fixed, the greater the risk). The City's investment policy states that "the City will minimize Interest Rate Risk by structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations." 7.2 62 City of Crystal Notes to Basic Financial Statements NOTE 2 – DEPOSITS AND INVESTMENTS (CONTINUED) B. Investments (Continued) Credit Risk: This is the risk that an issuer or other counterparty to an investment will not fulfill its obligations. This risk is addressed by confining investments to those securities specifically authorized by state statute and the City's investment policy. As of December 31, 2022, the City's investments in U.S. Agencies were rated AA+ by Standard and Poor's. The City's investments in G.O. state and local government bonds were rated AAA by Standard and Poor's. The City's investments in certificates of deposit were covered by FDIC insurance. Custodial Credit Risk – Investments: This is the risk that in the event of a failure of the counterparty to an investment transaction (typically a broker-dealer) the City would not be able to recover the value of its investments that are in the possession of an outside party. The City's investment policy states that the bank or broker is required to have insurance through FDIC and SIPC or transfer the security to a custodian bank. Concentration of Credit Risk: This is the risk associated with investing a significant portion of the City's investments (considered to be 5% or more) in the securities of a single issuer. The City's investment policy does not limit investments in any one issuer. The City has the following recurring fair value measurements as of December 31, 2022:  $16,602,998 of investments are valued using a matrix pricing model (Level 2 inputs) The following summary reconciles cash and investments to the financial statements: Cash on hand 2,069$ Carrying amount of deposits 3,002,571 Carrying amount of investments 27,066,480 Total 30,071,120$ Statement of Net Position Cash and investments 29,482,929$ Cash with fiscal agent 159,774 Statement of Fiduciary Net Position Cash and investments 428,417 Total deposits and investments 30,071,120$ 7.2 63 City of Crystal Notes to Basic Financial Statements NOTE 3 – INTERFUND RECEIVABLES AND PAYABLES Advances to/from Other Funds Balances as of December 31, 2022, are as follows: Original Amount Due Within Receivable Fund Payable Fund Amount Outstanding One Year General Other Governmental Funds 13,778$ 13,778$ 13,778$ General Internal Service Funds 85,572 85,572 85,572 Street Reconstruction Internal Service Funds 5,000,000 5,000,000 - Other Governmental Funds Internal Service Funds 1,170,000 1,170,000 - Other Governmental Funds Other Governmental Funds 1,935 1,935 - Water Internal Service Funds 900,000 900,000 - Storm Water Internal Service Funds 500,000 500,000 - Sanitary Sewer Water 300,000 60,000 30,000 Streetlights Water 300,000 60,000 30,000 Total 8,271,285$ 7,791,285$ 159,350$ Internal loans to the City Buildings Internal Service Fund totaling $7,570,000 were made to provide sufficient cash to pay for the renovation and construction costs of the police department facility. It is projected that these funds would be able to repay the loans with zero percent interest by 2032. There is a $1,935 interfund loan between nonmajor governmental funds for tax increment financing purposes. Amounts payable to the Sanitary Sewer and Street Lights funds relate to loans made to help pay for the City's share of three new emergency water supply wells. The wells will be owned by the Joint Water Commission (refer to NOTE 13). The City's share of the total cost will be approximately $1,200,000. The Water Fund has sufficient resources to pay for half of the project and the interfund loans will provide cash for the balance. Interest at the rate of 2% will be paid on the loans over a ten-year period, from 2015-2024. To provide the Water Fund with revenue to replenish its cash reserves and repay the loans, a charge for service of $0.21/thousand gallons of water used has been approved and implemented. NOTE 4 – INTERFUND TRANSFERS Interfund transfers for the year ended December 31, 2022, are as follows: Transfers Out General Water 211,367$ Sanitary sewer 211,367 Storm drainage 56,876 Streetlights 16,098 Recycling 9,506 Total 505,214$ Transfers In 7.2 64 City of Crystal Notes to Basic Financial Statements NOTE 4 – INTERFUND TRANSFERS (CONTINUED) Transfers are used to; 1) move revenues from the fund that statute or budget requires to collect them to the fund that statute or budget requires to expend them and, 2) assist with capital needs. NOTE 5 – LEASE RECEIVABLE The City has various leases for land and site agreements. The lease agreements include annual principal and interest payments. Interest and discount rates on the lease agreements range from 1.52% to 1.75%. Revenue from these leases for the year ended December 31, 2022, was $73,104. 7.2 65 City of Crystal Notes to Basic Financial Statements NOTE 6 – CAPITAL ASSETS Capital asset activity for the year ended December 31, 2022, was as follows: Beginning Ending Balance Increases Decreases Balance Governmental activities Capital assets not being depreciated Land 6,860,536$ -$ -$ 6,860,536$ Construction in progress 5,588,836 11,844,999 (35,000) 17,398,835 Total capital assets not being depreciated 12,449,372 11,844,999 (35,000) 24,259,371 Other capital assets Buildings and structures 20,099,066 - - 20,099,066 Improvements other than buildings 7,098,607 35,000 - 7,133,607 Machinery and equipment 7,061,129 137,181 (337,341) 6,860,969 Office equipment and furnishings 1,037,420 - - 1,037,420 Software 312,937 - - 312,937 Vehicles and trailers 4,315,286 808,889 (347,837) 4,776,338 Traffic and transportation systems 69,999,114 1,208,055 - 71,207,169 Park systems 5,002,340 - (25,148) 4,977,192 Leased vehicles - 293,439 - 293,439 Total other capital assets at historical cost 114,925,899 2,482,564 (710,326) 116,698,137 Less accumulated depreciation for Buildings and structures (9,837,609) (610,530) - (10,448,139) Improvements other than buildings (4,156,465) (243,977) - (4,400,442) Machinery and equipment (4,296,551) (438,623) 141,384 (4,593,790) Office equipment and furnishings (751,390) (70,111) - (821,501) Software (309,165) (1,886) - (311,051) Vehicles and trailers (2,633,699) (408,849) 323,591 (2,718,957) Traffic and transportation systems (40,204,925) (2,440,403) - (42,645,328) Park systems (470,664) (243,505) 25,148 (689,021) Less accumulated amortization for Leased vehicles - (52,277) - (52,277) Total accumulated depreciation and amortization (62,660,468) (4,510,161) 490,123 (66,680,506) Total other capital assets, net 52,265,431 (2,027,597) (220,203) 50,017,631 Governmental activities capital assets, net 64,714,803$ 9,817,402$ (255,203)$ 74,277,002$ 7.2 66 City of Crystal Notes to Basic Financial Statements NOTE 6 – CAPITAL ASSETS (CONTINUED) Capital asset activity for the year ended December 31, 2022, was as follows: Beginning Ending Balance Increases Decreases Balance Business-type activities Capital assets not being depreciated Land 759,062$ -$ -$ 759,062$ Improvements other than buildings 187,246 - - 187,246 Construction in progress 362,806 3,620,406 (301,023) 3,682,189 Total capital assets not being depreciated 1,309,114 3,620,406 (301,023) 4,628,497 Other capital assets Improvements other than buildings 16,861 - - 16,861 Machinery and equipment 2,231,625 188,793 - 2,420,418 Software 29,445 - - 29,445 Utility systems 32,589,263 301,023 - 32,890,286 Traffic and transportation systems 1,370,151 - - 1,370,151 Total capital assets being depreciated 36,237,345 489,816 - 36,727,161 Less accumulated depreciation for Improvements other than buildings (13,137) (843) - (13,980) Machinery and equipment (1,299,963) (109,300) - (1,409,263) Software (7,852) (5,889) - (13,741) Utility systems (13,304,653) (715,588) - (14,020,241) Traffic and transportation systems (380,893) (31,706) - (412,599) Total accumulated depreciation (15,006,498) (863,326) - (15,869,824) Total other capital assets, net 21,230,847 (373,510) - 20,857,337 Business-type activities capital assets, net 22,539,961$ 3,246,896$ (301,023)$ 25,485,834$ 7.2 67 City of Crystal Notes to Basic Financial Statements NOTE 6 – CAPITAL ASSETS (CONTINUED) Depreciation and amortization expense was charged to the various functions of the City as follows: Governmental activities General government 234,406$ Public safety 681,093 Public works 2,653,765 Parks and recreation 895,641 Community development 45,256 Total depreciation and amortization expense - governmental activities 4,510,161$ Business-type activities Water 191,265$ Sanitary sewer 176,826 Storm drainage 462,686 Street light 32,549 Total depreciation expense - business-type activities 863,326$ NOTE 7 – LONG-TERM DEBT A. General Obligation Bonds The government issues general obligation (G.O.) bonds (including certificates of indebtedness), tax increment bonds, and special assessment bonds to provide funding for the acquisition of capital assets, tax increment projects, and street improvements, respectively. G.O. bonds are direct obligations and pledge the full faith and credit of the government. B. Components of Long-Term Liabilities Issue Interest Original Final Balance Date Rates Issue Maturity End of Year Governmental activities Special Assessment Bonds G.O. Improvement Bonds, Series 2009A 08/01/09 2.00%-4.50% 3,360,000$ 02/01/25 160,000$ G.O. Improvement Bonds, Series 2011A 08/01/11 0.50%-3.55% 1,705,000 02/01/27 470,000 G.O. Improvement Bonds, Series 2012A 08/01/12 1.50%-2.13% 2,635,000 02/01/28 915,000 G.O. Improvement Bonds, Series 2013A 08/01/13 2.00%-3.50% 3,235,000 02/01/29 1,390,000 G.O. Improvement Bonds, Series 2015A 08/01/15 2.50%-3.00% 2,550,000 02/01/31 1,400,000 G.O. Improvement Bonds, Series 2016A 08/25/16 2.00%-2.50% 3,330,000 02/01/32 2,075,000 G.O. Improvement Bonds, Series 2017A 09/14/17 2.00%-3.00% 4,665,000 02/01/33 3,280,000 Subtotal bonds payable 9,690,000 Lease liability 249,834 Unamortized bond premiums/discounts 310,107 Compensated absences payable 917,956 Total governmental activities 11,167,897$ 7.2 68 City of Crystal Notes to Basic Financial Statements NOTE 7 – LONG-TERM DEBT (CONTINUED) C. Changes in Long-Term Liabilities Interest paid on most of the debt issued by the City is exempt from federal income tax. As a result, purchasers of this debt are willing to accept lower interest rates than they would on taxable debt. The City pools the proceeds of bond issues held in construction funds and the accumulated cash in debt service funds with all other available cash and invests it according to the City's cash management policies and practices. This sometimes produces a higher yield on the investments than is being paid on the related debt. The federal tax code refers to this higher yield as arbitrage. Under certain circumstances the earnings from these higher yields must be rebated to the federal government. Federal law requires that arbitrage be calculated and rebated at the end of each five-year period that tax exempt debt is outstanding, as well as at maturity. The City does not report arbitrage until the liability is due and payable. Long-term liability activity for the year ended December 31, 2022, was as follows: Retirements Beginning and Other Ending Due Within Balance Additions Reductions Balance One Year Governmental activities Bonds payable G.O. Special Assessment Bonds with Government Commitment Improvement Bonds - 2009A 320,000$ -$ (160,000)$ 160,000$ 160,000$ Improvement Bonds - 2011A 575,000 - (105,000) 470,000 100,000 Improvement Bonds - 2012A 1,080,000 - (165,000) 915,000 165,000 Improvement Bonds - 2013A 1,605,000 - (215,000) 1,390,000 210,000 Improvement Bonds - 2015A 1,575,000 - (175,000) 1,400,000 170,000 Improvement Bonds - 2016A 2,310,000 - (235,000) 2,075,000 230,000 Improvement Bonds - 2017A 3,595,000 - (315,000) 3,280,000 315,000 11,060,000 - (1,370,000) 9,690,000 1,350,000 Bond premiums 355,705 - (41,607) 314,098 - Bond discounts (5,948) - 1,957 (3,991) - Subtotal 11,409,757 - (1,409,650) 10,000,107 1,350,000 Total bonds payable 11,409,757 - (1,409,650) 10,000,107 1,350,000 Lease liability - 293,439 (43,605) 249,834 31,571 Compensated absences payable 957,521 813,321 (852,886) 917,956 324,984 Governmental activity long-term liabilities 12,367,278$ 1,106,760$ (2,306,141)$ 11,167,897$ 1,706,555$ Business-type activities Compensated absences payable 113,260$ 62,584$ (67,029)$ 108,815$ 32,828$ 7.2 69 City of Crystal Notes to Basic Financial Statements NOTE 7 – LONG-TERM DEBT (CONTINUED) D. Minimum Debt Payments Minimum annual principal and interest payments required to retire long-term liabilities: Year Ending December 31, Principal Interest Principal Interest 2023 1,350,000$ 248,184$ 31,571$ 15,727$ 2024 1,165,000 213,971 85,286 10,911 2025 1,150,000 182,765 89,168 5,476 2026 1,120,000 152,056 39,927 1,059 2027 1,090,000 122,151 3,882 7 2028-2032 3,535,000 255,719 - - 2033 280,000 4,200 - - Total 9,690,000$ 1,179,046$ 249,834$ 33,180$ Lease Liability Governmental ActivitiesGovernmental Activities G.O. Improvement Bonds Total delinquent special assessments receivable for all funds for the years ending December 31, 2022 and 2021, were $312,590 and $397,522, respectively. Compensated absences are liquidated by the General, EDA, Water, Sanitary Sewer, or Storm Drainage funds, depending upon where employees' time is assigned. E. Lease Liability The City entered into lease agreements for various vehicles. The lease agreements include annual principal and interest payments as noted above. Interest and discount rates on the lease agreements range from 4.85% to 7.75%. NOTE 8 – CONDUIT DEBT OBLIGATIONS From time to time the City has issued revenue bonds to provide financial assistance to private-sector entities for the acquisition and construction of facilities deemed to be in the public interest. The bonds are secured by the property financed and are payable solely from payments received on the underlying mortgage loans. Upon repayment of the bonds, ownership of the acquired facilities transfers to the private-sector entity served by the bond issue. Neither the City or the State, nor any political subdivision thereof, is obligated in any manner for repayment of the bonds. Accordingly, the bonds are not reported as liabilities in the accompanying financial statements. 7.2 70 City of Crystal Notes to Basic Financial Statements NOTE 8 – CONDUIT DEBT OBLIGATIONS (CONTINUED) As of December 31, 2022, there were two debt issues outstanding. The aggregate original issue amounts and principal balances outstanding as of December 31, 2022, are as follows: Original Principal Name of Issue Year Issue Balance LOGIS Government Facilities Revenue Bonds 2006 $ 6,000,000 $ 1,723,079 Crystal Leased Housing Multi Family Housing 2014 14,300,000 13,050,000 Total $ 20,300,000 $ 14,773,079 NOTE 9 – PENSION PLANS The City participates in various pension plans, total pension expense for the year ended December 31, 2022, was $1,870,364. The components of pension expense are noted in the following plan summaries. The General Fund, Water Fund, Sewer Fund, and Storm Drainage Fund typically liquidate the liability related to pensions. Public Employees' Retirement Association A. Plan Description The City participates in the following cost-sharing multiple-employer defined benefit pension plans administered by PERA. PERA's defined benefit pension plans are established and administered in accordance with Minnesota Statutes, Chapters 353 and 356. PERA's defined benefit pension plans are tax qualified plans under Section 401(a) of the Internal Revenue Code. General Employees Retirement Plan All full-time and certain part-time employees of the City are covered by the General Employees Plan. General Employees Plan members belong to the Coordinated Plan. Coordinated Plan members are covered by Social Security. Public Employees Police and Fire Plan The Police and Fire Plan, originally established for police officers and firefighters not covered by a local relief association, now covers all police officers and firefighters hired since 1980. Effective July 1, 1999, the Police and Fire Plan also covers police officers and firefighters belonging to local relief associations that elected to merge with and transfer assets and administration to PERA. B. 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. 7.2 71 City of Crystal Notes to Basic Financial Statements NOTE 9 – PENSION PLANS (CONTINUED) Public Employees' Retirement Association (Continued) B. Benefits Provided (Continued) General Employees Plan Benefits General Employees Plan benefits are based on a member's highest average salary for any 5 successive years of allowable service, age, and years of credit at termination of service. Two methods are used to compute benefits for PERA's Coordinated Plan members. Members hired prior to July 1, 1989, receive the higher of Method 1 or Method 2 formulas. Only Method 2 is used for members hired after June 30, 1989. Under Method 1, the accrual rate for a Coordinated members is 1.2% for each of the first 10 years of service and 1.7% for each additional year. Under Method 2, the accrual rate for Coordinated members is 1.7% for all years of service. For members hired prior to July 1, 1989, a full annuity is available when age plus years of service equal 90 and normal retirement age is 65. For members hired on or after July 1, 1989, normal retirement age is the age for unreduced Social Security benefits capped at 66. 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%. Recipients that have been receiving the annuity or benefit for at least a full year as of the June 30 before the effective date of the increase will receive the full increase. Recipients receiving the annuity or benefit for at least one month but less than a full year as of the June 30 before the effective date of the increase will receive a reduced prorated increase. For members retiring on January 1, 2024, or later, the increase will be delayed until normal retirement age (age 65 if hired prior to July 1, 1989, or age 66 for individuals hired on or after July 1, 1989). Members retiring under Rule of 90 are exempt from the delay to normal retirement. Police and Fire Plan Benefits Benefits for the Police and Fire Plan members first hired after June 30, 2010, but before July 1, 2014, vest on a prorated basis from 50% after five years up to 100% after 10 years of credited service. Benefits for Police and Fire Plan members first hired after June 30, 2014, vest on a prorated basis from 50% after 10 years up to 100% after 20 years of credited service. The annuity accrual rate is 3% of average salary for each year of service. For Police and Fire Plan members who were first hired prior to July 1, 1989, a full annuity is available when age plus years of service equal at least 90. Benefit increases are provided to benefit recipients each January. The 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 reduced prorated increase. C. Contributions Minnesota Statutes Chapter 353 sets the rates for employer and employee contributions. Contribution rates can only be modified by the state Legislature. 7.2 72 City of Crystal Notes to Basic Financial Statements NOTE 9 – PENSION PLANS (CONTINUED) Public Employees' Retirement Association (Continued) C. Contributions (Continued) General Employees Fund Contributions Coordinated Plan members were required to contribute 6.5% of their annual covered salary in fiscal year 2022 and the City was required to contribute 7.5% for Coordinated Plan members. The City's contributions to the General Employees Fund for the year ended December 31, 2022, were $364,350. The City's contributions were equal to the required contributions as set by state statute. Police and Fire Fund Contributions Police and Fire Plan members were required to contribute 11.8% of their annual covered salary in fiscal year 2022 and the City was required to contribute 17.7% for Police and Fire Plan members. The City's contributions to the Police and Fire Fund for the year ended December 31, 2022, were $602,678. The City's contributions were equal to the required contributions as set by state statute. D. Pension Costs General Employees Fund Pension Costs At December 31, 2022, the City reported a liability of $5,029,221 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 $147,303. The net pension liability was measured as of June 30, 2022, and the total pension liability used to calculate the net pension liability was determined by an actuarial valuation as of that date. The City's proportionate share of the net pension liability was based on the City's contributions received by PERA during the measurement period for employer payroll paid dates from July 1, 2021, through June 30, 2022, relative to the total employer contributions received from all of PERA's participating employers. The City's proportionate share was 0.0635%, at the end of the measurement period and 0.0656% for the beginning of the period. City's proportionate share of the net pension liability 5,029,221$ State of Minnesota's proportionate share of the net pension liability associated with the City 147,303 Total 5,176,524$ 7.2 73 City of Crystal Notes to Basic Financial Statements NOTE 9 – PENSION PLANS (CONTINUED) Public Employees' Retirement Association (Continued) D. Pension Costs (Continued) General Employees Fund Pension Costs (Continued) For the year ended December 31, 2022, the City recognized pension expense of $613,031 for its proportionate share of General Employees Plan's pension expense. Included in the amount, the City recognized $22,010 as pension expense (and grant revenue) for its proportionate share of the State of Minnesota's contribution of $16 million to the General Employees Fund. At December 31, 2022, the City reported its proportionate share of the General Employees Plan's deferred outflows of resources and deferred inflows of resources, related to pensions from the following sources: Differences between expected and actual economic experience 42,009$ 55,357$ Changes in actuarial assumptions 1,174,709 20,520 Net collective difference between projected and actual investment earnings 24,245 - Changes in proportion 62,485 - Contributions paid to PERA subsequent to the measurement date 182,175 - Total 1,485,623$ 75,877$ Deferred Outflows of Resources Deferred Inflows of Resources 7.2 74 City of Crystal Notes to Basic Financial Statements NOTE 9 – PENSION PLANS (CONTINUED) Public Employees' Retirement Association (Continued) D. Pension Costs (Continued) General Employees Fund Pension Costs (Continued) The $182,175 reported as deferred outflows of resources related to pensions resulting from City contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended December 31, 2023. Other amounts reported as deferred outflows and deferred inflows of resources related to pensions will be recognized in pension expense as follows: Pension Year Ending Expense December 31, Amount 2023 447,600$ 2024 461,767 2025 (136,614) 2026 454,817 Total 1,227,570$ Police and Fire Fund Pension Costs At December 31, 2022, the City reported a liability of $12,080,055 for its proportionate share of the Police and Fire Fund's net pension liability. The net pension liability was measured as of June 30, 2022, 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, 2021, through June 30, 2022, relative to the total employer contributions received from all of PERA's participating employers. The City's proportionate share was 0.2776% at the end of the measurement period and 0.2660% 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, 2022. The contribution consisted of $9 million in direct state aid that does meet 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, 2021. Thereafter, by October 1 of each year, the State will pay $9 million to the Police and Fire Fund until full funding is reached or July 1, 2048, whichever is earlier. The $9 million in supplemental state aid will continue until the fund is 90% funded, or until the State Patrol Plan (administered by the Minnesota State Retirement System) is 90% funded, whichever occurs later. 7.2 75 City of Crystal Notes to Basic Financial Statements NOTE 9 – PENSION PLANS (CONTINUED) Public Employees' Retirement Association (Continued) D. Pension Costs (Continued) Police and Fire Fund Pension Costs (Continued) The State of Minnesota is included as a non-employer contributing entity in the Police and Fire Retirement Plan Schedule of Employer Allocations and Schedule of Pension Amounts by Employer (pension allocation schedules) for the $9 million in direct state aid. Police and Fire Plan employers need to recognize their proportionate share of the State of Minnesota's pension expense (and grant revenue) under GASB 68 special funding situation accounting and financial reporting requirements. For the year ended December 31, 2022, the City recognized pension expense of $1,255,087 for its proportionate share of the Police and Fire Plan's pension expense. Included in this amount, the City recognized $102,355 as pension expense (and grant revenue) for its proportionate share of the State of Minnesota's contribution of $9 million to the Police and Fire Fund. 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. The City also recognized $24,984 for the year ended December 31, 2022, as revenue and an offsetting reduction of the net pension liability for its proportionate share of the State of Minnesota's on-behalf contributions to the Police and Fire Fund. At December 31, 2022, the City reported its proportionate share of the Police and Fire Plan's deferred outflows of resources and deferred inflows of resources related to pensions from the following sources. Differences between expected and actual economic experience 728,546$ -$ Changes in actuarial assumptions 7,005,691 72,957 Net collective difference between projected and actual investment earnings 307,783 - Changes in proportion 145,931 147,628 Contributions paid to PERA subsequent to the measurement date 301,339 - Total 8,489,290$ 220,585$ Deferred Outflows of Resources Deferred Inflows of Resources 7.2 76 City of Crystal Notes to Basic Financial Statements NOTE 9 – PENSION PLANS (CONTINUED) Public Employees' Retirement Association (Continued) D. Pension Costs (Continued) Police and Fire Fund Pension Costs (Continued) The $301,339 reported as deferred outflows of resources related to pensions resulting from City contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended December 31, 2023. Other amounts reported as deferred outflows and inflows of resources related to pensions will be recognized in pension expense as follows: Pension Year Ending Expense December 31, Amount 2023 1,577,719$ 2024 1,553,308 2025 1,377,183 2026 2,439,151 2027 1,010,005 Total 7,957,366$ E. 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 building-block method in which best-estimate ranges of expected future rates of return are developed for each major asset class. These ranges are combined to produce an expected long-term rate of return by weighting the expected future rates of return by the target asset allocation percentages. The target allocation and best estimates of geometric real rates of return for each major asset class are summarized in the following table: Domestic equity 33.5 %5.10 % International equity 16.5 5.30 Fixed income 25.0 0.75 Private markets 25.0 5.90 Total 100.0 % Target Allocation Long-Term Expected Real Rate of ReturnAsset Class 7.2 77 City of Crystal Notes to Basic Financial Statements NOTE 9 – PENSION PLANS (CONTINUED) Public Employees' Retirement Association (Continued) F. Actuarial Methods and Assumptions The total pension liability in the June 30, 2022, actuarial valuation was determined using an individual entry-age normal actuarial cost method. The long-term rate of return on pension plan investments used in the determination of the total liability is 6.5%. This assumption is based on a review of inflation and investments return assumptions from a number of national investment consulting firms. The review provided a range of return investment return rates deemed to be reasonable by the actuary. An investment return of 6.5% was deemed to be within that range of reasonableness for financial reporting purposes. Inflation is assumed to be 2.25% for the General Employees Plan and 2.25% for the Police and Fire Plan. Benefit increases after retirement are assumed to be 1.25% for the General Employees. The Police and Fire Plan benefit increase is fixed at 1% per year and that increase was used in the valuation. Salary growth assumptions in the General Employees Plan range in annual increments from 10.25% after one year of service to 3.0% after 27 years of service. In the Police and Fire Plan, salary growth assumptions range from 11.75% after one year of service to 3.0% after 24 years of service. Mortality rates for the General Employees Plan are based on the Pub-2010 General Employee Mortality Table. Mortality rates for the Police and Fire Plan are based on the Pub-2010 Public Safety Employee Mortality tables. The tables are adjusted slightly to fit PERA's experience. Actuarial assumptions for the General Employees Plan are reviewed every four years. The most recent four-year experience study for the General Employees Plan was completed in 2019. The assumption changes were adopted by the Board and became effective with the July 1, 2020, actuarial valuation. The most recent four-year experience study for the Police and Fire Plan was completed in 2020 and was adopted by the Board and became effective with the July 1, 2021, actuarial valuation. The following changes in actuarial assumptions and plan provisions occurred in 2022: General Employees Fund Changes in Actuarial Assumptions  The mortality improvement scale was changed from scale MP-2020 to scale MP-2021. Changes in Plan Provisions  There have been no changes since the previous valuation. Police and Fire Fund Changes in Actuarial Assumptions  The mortality improvement scale was changed from MP-2020 to MP-2021.  The single discount rate was changed from 6.5% to 5.4%. 7.2 78 City of Crystal Notes to Basic Financial Statements NOTE 9 – PENSION PLANS (CONTINUED) Public Employees' Retirement Association (Continued) F. Actuarial Methods and Assumptions (Continued) Police and Fire Fund (Continued) Changes in Plan Provisions  There have been no changes since the previous valuation. G. Discount Rate The discount rate for the General Employees Plan used to measure the total pension liability in 2022 was 6.5%. The projection of cash flows used to determine the discount rate assumed that contributions from Plan members and employers will be made at rates set in Minnesota Statutes. Based on these assumptions, the fiduciary net positions of the General Employees Fund was projected to be available to make all projected future benefit payments of current Plan members. Therefore, the long-term expected rate of return on pension plan investments was applied to all periods of projected benefit payments to determine the total pension liability. In the Police and Fire Fund, the fiduciary net position was projected to be available to make all projected future benefit payments of current plan members through June 30, 2060. Beginning in the fiscal year ended June 30, 2061, projected benefit payments exceed the fund's projected fiduciary net position. Benefit payments projected after were discounted at the municipal bond rate of 3.69% (based on the weekly rate closest to but not later than the measurement date of the Fidelity "20-Year Municipal GO AA Index"). The resulting equivalent single discount rate of 5.4% for the Police and Fire Fund was determined to give approximately the same present value of projected benefits when applied to all years of projected benefits as the present value of projected benefits using 6.5% applied to all years of projected benefits through the point of asset depletion and 3.69% thereafter. 7.2 79 City of Crystal Notes to Basic Financial Statements NOTE 9 – PENSION PLANS (CONTINUED) Public Employees' Retirement Association (Continued) H. Pension Liability Sensitivity The following presents the City's proportionate share of the net pension liability for all plans it participates in, calculated using the discount rate disclosed in the preceding paragraph, as well as what the City's proportionate share of the net pension liability would be if it were calculated using a discount rate 1 percentage point lower or 1 percentage point higher than the current discount rate: 1% Decrease in Current 1% Increase in City's proportionate share of the General Employees Fund net pension liability 7,943,918$ 5,029,221$ 2,638,720$ 1% Decrease in Current 1% Increase in City's proportionate share of the Police and Fire Fund net pension liability (asset) 18,281,614$ 12,080,055$ 7,066,466$ Discount Rate (5.5%) Discount Rate (6.5%) Discount Rate (7.5%) Discount Rate (4.4%) Discount Rate (5.4%) Discount Rate (6.4%) I. Pension Plan Fiduciary Net Position Detailed information about each pension plan's fiduciary net position is available in a separately-issued PERA financial report that includes financial statements and required supplementary information. That report may be obtained on the Internet at www.mnpera.org. Public Employees Defined Contribution Plan (Defined Contribution Plan) Certain employee types of the of the City of Crystal, which include council members, are covered by the Defined Contribution Plan, a multiple-employer 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 employees are tax deferred until time of withdrawal. 7.2 80 City of Crystal Notes to Basic Financial Statements NOTE 9 – PENSION PLANS (CONTINUED) Public Employees Defined Contribution Plan (Defined Contribution Plan) (Continued) The defined contribution plan consists of individual accounts paying a lump-sum benefit. Plan benefits depend solely on amounts contributed to the plan plus investment earnings, less administrative expenses; therefore, there is no future liability to the City. Minnesota Statutes, Chapter 353D.03, 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. For ambulance service personnel, employer contributions are determined by the employer, and for salaried employees must be a fixed percentage of salary. Employer contributions for volunteer personnel may be a unit value for each call or period of alert duty. Employees who are paid for their services may elect to make member contributions in an amount not to exceed the employer share. Employer and employee contributions are combined and used to purchase shares in one or more of the seven accounts of the Minnesota Supplemental Investment Fund. For administering the plan, PERA receives 2% of employer contributions and twenty-five hundredths of 1% (.25%) of the assets in each member's account annually. Pension expense for the year is equal to the contributions made. Total contributions made by the City during fiscal year 2022 were: 2,246$ 2,246$ 5% 5% 5% Contribution Amount Percentage of Covered Payroll Employee Employer Employee Employer Required Rate NOTE 10 – POST EMPLOYMENT HEALTH CARE PLAN A. Plan Description The City provides a single-employer defined benefit health care plan to eligible retirees and their spouses. The plan offers medical coverage. Medical coverage is administered by BlueCross BlueShield. It is the City's policy to periodically review its medical coverage and to obtain requests for proposals in order to provide the most favorable benefits and premiums for City employees and retirees. No assets are accumulated in a trust. B. Benefits Provided Employees who apply for early retirement shall remain eligible to receive certain health insurance benefits until the end of the year in which the employee becomes Medicare eligible. The City will pay the single person premium for qualifying employees up until they reach age 65 or become eligible for Medicare coverage. 7.2 81 City of Crystal Notes to Basic Financial Statements NOTE 10 – POST EMPLOYMENT HEALTH CARE PLAN (CONTINUED) C. Contributions Retirees contribute to the health care plan at the same rate as City employees. This results in the retirees receiving an implicit rate subsidy. Contribution requirements are established by the City, based on the contract terms with the health care plan provider. The required contributions are based on projected pay- as-you-go financing requirements. For the year 2022, the City contributed $115,716 to the plan. D. Members As of January 1, 2022, the following were covered by the benefit terms: Total employees without coverage 11 Employees with coverage 86 Total 97 E. Actuarial Assumptions The total OPEB liability was determined by an actuarial valuation as of January 1, 2022, using the following actuarial assumptions, applied to all periods included in the measurement, unless otherwise specified: Discount Rate 2.06% Salary increases including inflation Based on the PERA Plan in which the employee is a participant. Healthcare cost trend increases 6.2% for FY2022, gradually decreasing over ten years to an ultimate rate of 3.9% in FY2075 and later years. Mortality assumption PERA Coordinated: Rates from the most recent PERA experience study from July 1, 2014 through June 30, 2018. PERA Police and Fire: Rates from the most recent PERA experience study from July 1, 2015 through June 30, 2019. Key Methods and Assumptions Used in Valuation of Total OPEB Liability The actuarial assumptions used in the January 1, 2022, valuation were based on the results of an actuarial experience study for the period January 1, 2021 – December 31, 2021. F. Total OPEB Liability The City's total OPEB liability of $1,827,197 was measured as of December 31, 2022, and was determined by an actuarial valuation as of that date. 7.2 82 City of Crystal Notes to Basic Financial Statements NOTE 10 – POST EMPLOYMENT HEALTH CARE PLAN (CONTINUED) F. Total OPEB Liability (Continued) Changes in the total OPEB liability are as follows: Total OPEB Liability Balances at January 1, 2022 1,969,801$ Changes for the year Service cost 128,242 Interest 43,252 Differences between expected and actual economic experience 9,194 Changes of assumptions (207,576) Benefit payments (115,716) Net changes (142,604) Balances at December 31, 2022 1,827,197$ G. OPEB Liability Sensitivity The following presents the City's total OPEB liability calculated using the discount rate of 2.06% as well as the liability measured using 1% lower and 1% higher than the current discount rate. 1% decrease Current 1% increase (1.06%)(2.06%)(3.06%) 1,997,484$ 1,827,197$ 1,671,052$ Total OPEB Liability/(Asset) 7.2 83 City of Crystal Notes to Basic Financial Statements NOTE 10 – POST EMPLOYMENT HEALTH CARE PLAN (CONTINUED) G. OPEB Liability Sensitivity (Continued) The following presents the total OPEB liability of the City, as well as what the City's total OPEB liability would be if it were calculated using healthcare cost trend rates that are 1% lower and 1% higher than the current healthcare cost trend rates. 1% decrease Current 1% increase 1,601,043$ 1,827,197$ 2,096,522$ Total OPEB Liability/(Asset) (5.2% decreasing to 2.9%) (6.2% decreasing to 3.9%) (7.2% decreasing to 4.9%) H. OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB For the year ended December 31, 2022, the City recognized OPEB expense of $63,844. At December 31, 2022, the City reported deferred outflows of resources and deferred inflows of resources as shown below. Deferred Deferred Outflows of Inflows of Resources Resources Differences between expected and actual economic experience -$ 663,892$ Changes in actuarial assumptions 246,519 272,830 Contributions made subsequent to the measurement date 87,336 - Total 333,855$ 936,722$ 7.2 84 City of Crystal Notes to Basic Financial Statements NOTE 10 – POST EMPLOYMENT HEALTH CARE PLAN (CONTINUED) H. OPEB Expense and Deferred Outflows of Resources and Deferred Inflows of Resources Related to OPEB (Continued) The $87,336 reported as deferred outflows of resources resulting from contributions subsequent to the measurement date will be recognized as a reduction of the OPEB liability in the year ended December 31, 2023. Other amounts reported as deferred outflows of resources will be recognized in OPEB expense as follows: (107,650)$ (107,650) (107,650) (110,977) (111,089) (145,187) Total (690,203)$ 2023 2024 2025 2026 2027 Thereafter 7.2 85 City of Crystal Notes to Basic Financial Statements NOTE 11 – FUND BALANCES A. Classifications A summary of governmental fund balance classifications at December 31, 2022, is as follows: Capital Project Fund General Debt Street Other Fund Service Reconstruction Funds Total Fund balances Nonspendable Inventory 32,686$ -$ -$ -$ 32,686$ Prepaid items 2,652 - - - 2,652 Total nonspendable 35,338 - - - 35,338 Restricted Housing and Redevelopment Assistance - - - 885,615 885,615 Debt service - 4,051,763 - - 4,051,763 DWI-related enforcement, Training, and education - - - 88,055 88,055 Total restricted - 4,051,763 - 973,670 5,025,433 Committed Compensated absences 917,956 - - - 917,956 Housing and redevelopment Assistance - - - 2,232,803 2,232,803 Capital outlay - street reconstruction - - 6,623,565 - 6,623,565 Capital outlay - police equipment - - - 2,753,628 2,753,628 Capital outlay - cable TV equipment - - - 299,790 299,790 Capital outlay - park improvement - - - 1,359,410 1,359,410 Total committed 917,956 - 6,623,565 6,645,631 14,187,152 Assigned Police Department purposes - - - 99,634 99,634 Unassigned 5,558,799 - - - 5,558,799 Total fund balances 6,512,093$ 4,051,763$ 6,623,565$ 7,718,935$ 24,906,356$ Major Funds 7.2 86 City of Crystal Notes to Basic Financial Statements NOTE 12 – RISK MANAGEMENT The City is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; injuries to employees; and natural disasters. As such, the City participates in the League of Minnesota Cities Insurance Trust (LMCIT), a public entity risk pool currently operating as a common risk management and insurance program for cities that are parties to a joint powers agreement. The LMCIT is self-sustaining through member premiums and reinsures through commercial companies for claims in excess of pre-determined amounts. The LMCIT provides coverage for liability, errors and omissions, worker's compensation, auto, and other miscellaneous types of coverage. The City's Self-Insurance Fund (an Internal Service Fund) is used to account for and finance its uninsured risks of loss. The Self-Insurance Fund provides coverage for up to a maximum of $25,000 for each general liability or property damage claim, up to $75,000 per year. The City purchases commercial insurance for claims in excess of coverage provided by this fund, as well as for all other risks of loss. Settled claims exceeded commercial coverage in 2022. There were no significant reductions in insurance coverage during 2022. All funds of the City contribute to the Self-Insurance Fund based on estimates of the amounts needed to pay prior and current year claims. The claims liability of $119,742 is included in accounts payable of the Self-Insurance Fund at December 31, 2022. The liability amount is based on the requirements of GASB Statement No. 10, which requires that a liability for claims be reported when information prior to the issuance of the financial statements indicates that it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonably estimated. The estimate of the liability also includes amounts for incremental claim adjustment expenses related to specific claims and other claim adjustment expenses, regardless of whether allocated to specific claims. Estimated recoveries, for example from salvage or subrogation, are another component of the claims liability estimate. The maximum liability for any one year is $75,000. The total liability may exceed $75,000 if claims are open from more than one year. Changes in claims liability for 2021 and 2020 are as follows: Year Claims Liability Beginning of Year Current Year Claims and Changes in Estimates Payments on Claims Claims Liability End of Year 2021 20,674$ 164,278$ 2,461$ 182,491$ 2022 182,491 (61,649) 1,100 119,742 7.2 87 City of Crystal Notes to Basic Financial Statements NOTE 13 – JOINT VENTURES AND JOINTLY GOVERNED ORGANIZATIONS A. Joint Ventures 1. Golden Valley, Crystal, and New Hope Joint Water Commission The City is a member of a joint powers agreement, together with the cities of Golden Valley and New Hope, which established a Joint Water Commission (JWC). The JWC was created in 1963 to provide for the creation and maintenance of a joint water supply, storage, and distribution system through which water purchased from the City of Minneapolis can be supplied to the population of the member cities. The city council of each member city is entitled to appoint one member to the JWC. Original construction costs were allocated to the member cities based on percentages agreed upon in the joint powers agreement. All property acquired under this agreement is owned by the members in proportion to the amount of construction costs paid by each member city. All subsequent operating and maintenance costs are apportioned to, and paid by, each member city on the basis of water usage. The City's equity interest and its share of the net income (loss) of the JWC are reported in the City's Water Fund (an Enterprise Fund). The City's equity interest in the JWC at December 31, 2022, is $5,330,686. Due to concurrent timing of the City's fiscal year end and audit of the JWC, the City reports its equity interest in the JWC with a one-year lag. The following financial information is from the JWC's audited financial statements for the year ended December 31, 2021: Total assets 20,370,794$ Total liabilities 940,445 Net position Net investment in capital assets 11,760,863 Restricted for capital improvements 4,936,435 Restricted for emergency water supply 1,700,000 Unrestricted 1,033,051 Total net position 19,430,349$ Total program expenses 8,851,973$ Total program revenues 9,703,304 Net program revenue 851,331 Total general revenues 148,600 Change in net position 999,931 Net position Beginning of year 18,430,418 End of year 19,430,349$ 7.2 88 City of Crystal Notes to Basic Financial Statements NOTE 13 – JOINT VENTURES AND JOINTLY GOVERNED ORGANIZATIONS (CONTINUED) A. Joint Ventures (Continued) 1. Golden Valley, Crystal, and New Hope Joint Water Commission (Continued) JWC audited financial statements are available from the City of Golden Valley, Finance Department, 7800 Golden Valley Road, Golden Valley, MN 55427. 2. West Metro Fire-Rescue District Effective January 2, 1998, the City entered into a joint powers agreement with the City of New Hope for the purpose of consolidating fire departments of the two cities. Operations commenced in July 1998 under the name of West Metro Fire-Rescue District (the District). The District is governed by a seven-member board of directors that includes one Crystal City Council member who is appointed by resolution, one public member appointed by the City Council, and the City Manager, who serves ex officio. As required by the agreement, the City transferred fire department equipment to the District, retaining its rights to these assets in the event of the District's dissolution. The equipment transferred had a cost value of $1,923,820. The District recorded only the rolling stock received and recorded it at its estimated fair value. Other equipment items were not capitalized. The City's equity interest and its share of the net income (loss) of the District are reported only in the government-wide financial statements. It is not reported in the General Fund because the equity interest represents equity primarily in capital assets vs. financial resources. The City's equity interest in the District at December 31, 2021, is $1,277,625. Due to concurrent timing of the City's fiscal year end and audit of the District, the City reports its equity interest in the District with a one-year lag. The following financial information is from the District's audited financial statements for the year ended December 31, 2021: Total assets and deferred outflows of resources 7,530,348$ Total liabilities and deferred inflows of resources 5,603,068 Net position Net investment in capital assets 1,127,486 Restricted for donor-approved purposes 171,159 Unrestricted 628,635 Total net position 1,927,280$ Total program expenses 2,894,852$ Total program revenues 3,491,789 Net program expense 596,937 Total general revenues 67,496 Change in net position 664,433 Net position Beginning of year 1,262,847 End of year 1,927,280$ 7.2 89 City of Crystal Notes to Basic Financial Statements NOTE 13 – JOINT VENTURES AND JOINTLY GOVERNED ORGANIZATIONS (CONTINUED) A. Joint Ventures (Continued) 2. West Metro Fire-Rescue District (Continued) The activities of the District will continue to be funded entirely by the cities of Crystal and New Hope, with each city contributing its proportionate share of the annual operating budget in monthly installments. According to a formula in the agreement, the City's share of the District's operating budget is 49.4%. Audited financial statements are available from West Metro Fire-Rescue District, 4251 Xylon Avenue N., New Hope, MN 55428. B. Jointly Governed Organizations 1. Local Government Information Systems Association (LOGIS) The City is a member of LOGIS, a consortium of Minnesota government entities that provides computerized data processing and support services to its members. LOGIS is legally separate from the City, the City does not appoint a voting majority of the Board, and it is fiscally independent of the City. The amount paid to LOGIS for services received in 2022 was $719,532 which was allocated to various funds based on application usage. 2. LOGIS Insurance Group This group provides cooperative purchasing of health and life insurance benefits for over 40 government entities. Payments for this group are made by the City to HealthPartners and are directed to LOGIS Insurance Group. 3. Pets Under Police Security (PUPS) The City is party to a joint powers agreement, together with five other cities, which created an organization to provide for the efficient and economical impoundment of animals in a jointly owned and operated facility. The amount paid to PUPS for services received in 2022 was $24,182. 4. Bassett Creek Watershed Management Commission (BCWMC) The City is party to a joint powers agreement, together with eight other cities, the purpose of which is to provide for cooperative planning, usage, and improvement of the Bassett Creek watershed. The amount paid to BCWMC in 2022 was $9,628. 5. Shingle Creek Watershed Management Commission (SCWMC) The City is party to a joint powers agreement, together with eight other cities, which was created to protect and manage the water resources of the Shingle Creek watershed. The amount paid to SCWMC in 2022 was $29,192. 7.2 90 City of Crystal Notes to Basic Financial Statements NOTE 13 – JOINT VENTURES AND JOINTLY GOVERNED ORGANIZATIONS (CONTINUED) B. Jointly Governed Organizations (Continued) 6. Hennepin Recycling Group (HRG) The City is party to a joint powers agreement, together with the cities of Brooklyn Center and New Hope, which established HRG. HRG was created to provide for the efficient and economical collection, recycling, and disposal of solid waste within the cities. HRG contracts for collection and recycling activities and the participating cities are billed for services provided to its residents. The amount paid to HRG for services received in 2022 was $380,255. Accounting services for HRG were provided by the City, which has reported the financial accounts of HRG in a Custodial Fund in these financial statements. NOTE 14 – COMMITMENTS AND CONTINGENCIES A. Commitments The City has in process various multi-year construction projects which were not completed in the current fiscal year. As of December 31, 2022, outstanding commitments for these multi-year projects total approximately $1,045,635 and will be paid by the City Buildings Internal Service Fund and utility funds. B. Contingencies During the course of normal operations, the City may be subject to claims or other litigation. It is the opinion of the City's attorney that resolution of these matters, if any at December 31, 2022, will not have a material adverse effect on the financial condition of the City. NOTE 15 – FACILITY USE AGREEMENT On August 24, 2004, the City entered into a licensor-licensee relationship with ISD 281. Per terms of the agreement, the City contributed $900,000 towards the cost of constructing and equipping a gymnasium. In return, the City is entitled to use the space for public recreation as well as for programs and services for its residents. The agreement is for a term of 40 years, running from September 1, 2005, through August 31, 2045. ISD 281 has title to the property and is responsible for all subsequent operations and maintenance costs. NOTE 16 – NEW STANDARDS ISSUED BUT NOT YET IMPLEMENTED GASB Statement No. 96, Subscription-Based Information Technology Arrangements establishes that a Subscription-Based Information Technology Arrangement (SBITA) results in a right-to-use subscription asset and a corresponding liability. Under this statement, a governmental entity generally should recognize a right-to-use subscription asset – an intangible asset – and a corresponding subscription liability. This statement will be effective for the year ending December 31, 2023. 7.2 91 REQUIRED SUPPLEMENTARY INFORMATION 7.2 See notes to required supplementary information. 92 December 31, December 31, December 31, December 31, December 31, 2018 2019 2020 2021 2022 Total OPEB Liability Service cost 105,872$ 116,648$ 87,322$ 109,504$ 128,242$ Interest 89,846 89,084 103,548 50,755 43,252 Differences between expected and actual experience - - (1,025,507) 18,627 9,194 Changes of assumptions 84,810 (161,829) 208,602 91,065 (207,576) Benefit payments (77,076) (79,989) (64,991) (86,024) (115,716) Net change in total OPEB liability 203,452 (36,086) (691,026) 183,927 (142,604) Beginning of year 2,309,534 2,512,986 2,476,900 1,785,874 1,969,801 End of year 2,512,986$ 2,476,900$ 1,785,874$ 1,969,801$ 1,827,197$ 6,600,000$ 6,800,000$ 7,300,000$ 7,600,000$ 7,900,000$ 38.1% 36.4% 24.5% 25.9% 23.1% City of Crystal Schedule of Changes in Total OPEB Liability and Related Ratios Covered-employee payroll Total OPEB liability as a percentage of covered-employee payroll Note: Schedule is intended to show ten year trend. Additional years will be reported as they become available. No assets are accumulated in a trust. 7.2 See notes to required supplementary information. 93 December 31, December 31, December 31, December 31, December 31, 2018 2019 2020 2021 2022 Actuarially determined contribution 77,076$ 79,989$ 64,991$ 86,024$ 115,716$ Contributions in relation to the actuarially determined contribution 77,076 79,989 64,991 86,024 115,716 Contribution deficiency (excess)-$ -$ -$ -$ -$ 6,600,000$ 6,800,000$ 7,300,000$ 7,600,000$ 7,900,000$ 1.17% 1.18% 0.89% 1.13% 1.46% Schedule of Employer Contributions - OPEB Covered-employee payroll Contributions as a percentage of covered- City of Crystal Note: Schedule is intended to show ten year trend. Additional years will be reported as they become available. No assets are accumulated in a trust. 7.2 See notes to required supplementary information. 94 City's Covered Payroll 2022 0.0635% 5,029,221$ 147,303$ 5,176,524$ 4,753,680$ 105.80% 76.67% 2021 0.0656% 2,801,414 85,545 2,886,959 4,720,680 59.34% 87.00% 2020 0.0637% 3,819,106 117,652 3,936,758 4,539,680 84.13% 79.06% 2019 0.0633% 3,499,715 108,829 3,608,544 4,481,387 78.09% 80.23% 2018 0.0643% 3,567,100 116,991 3,684,091 4,321,093 82.55% 79.53% 2017 0.0697% 4,449,602 55,982 4,505,584 4,492,840 89.04% 75.90% 2016 0.0687% 5,578,099 72,855 5,650,954 4,260,733 130.92% 68.91% 2015 0.0694% 3,396,668 - 3,396,668 4,010,187 84.70% 78.19% Note: Schedule is intended to show ten year trend. Additional years will be reported as they become available. For Fiscal Year Ended June 30, City's Proportion of the Net Pension Liability (Asset) City's Proportionate Share of the Net Pension Liability (Asset) State's Proportionate Share (Amount) of the Net Pension Liability Associated with the City City's Proportionate Share of the Net Pension Liability and the State's Proportionate Share of the Net Pension Liability Associated with the City City's Covered Payroll City's Proportionate Share of the Net Pension Liability (Asset) as a Percentage of its Covered- employee Payroll Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 2022 0.2776% 12,080,055$ 527,674$ 12,607,729$ 3,371,842$ 358.26% 70.53% 2021 0.2660% 2,029,298 92,288 2,121,586 3,143,531 64.55% 93.66% 2020 0.2828% 3,702,155 87,797 3,789,952 3,123,429 118.53% 87.19% 2019 0.2804% 2,947,287 - 2,947,287 2,892,478 101.89% 89.26% 2018 0.2707% 2,861,020 - 2,861,020 2,852,679 100.29% 88.84% 2017 0.2600% 3,486,909 - 3,486,909 2,664,136 130.88% 85.43% 2016 0.2430% 9,730,143 - 9,730,143 2,343,136 415.26% 63.88% 2015 0.2400% 2,726,962 - 2,726,962 2,136,679 127.63% 86.61% Note: Schedule is intended to show ten year trend. Additional years will be reported as they become available. City of Crystal Schedule of City's Proportionate Share of Net Pension Liability General Employees Retirement Fund Last Ten Years Last Ten Years For Fiscal Year Ended June 30, State's Proportionate Share (Amount) of the Net Pension Liability Associated with the City City's Proportionate Share of the Net Pension Liability and the State's Proportionate Share of the Net Pension Liability Associated with the City Public Employees Police and Fire Retirement Fund Schedule of City's Proportionate Share of Net Pension Liability City's Proportionate Share (Percentage) of the Net Pension Liability (Asset) City's Proportionate Share (Amount) of the Net Pension Liability (Asset) City's Proportionate Share of the Net Pension Liability (Asset) as a Percentage of its Covered- employee Payroll Plan Fiduciary Net Position as a Percentage of the Total Pension Liability 7.2 See notes to required supplementary information. 95 2022 364,350$ 364,350$ -$ 4,858,000$ 7.50% 2021 355,386 355,386 - 4,738,480 7.50% 2020 350,479 350,479 - 4,673,053 7.50% 2019 343,159 343,159 - 4,575,453 7.50% 2018 330,498 330,498 - 4,406,640 7.50% 2017 318,656 318,656 - 4,248,747 7.50% 2016 323,436 323,436 - 4,312,480 7.50% 2015 315,859 315,859 - 4,211,453 7.50% Note: Schedule is intended to show ten year trend. Additional years will be reported as they become available. 2022 602,678$ 602,678$ -$ 3,404,960$ 17.70% 2021 572,130 572,130 - 3,232,373 17.70% 2020 562,542 562,542 - 3,178,203 17.70% 2019 531,629 531,629 - 3,136,454 16.95% 2018 465,078 465,078 - 2,870,852 16.20% 2017 447,205 447,205 - 2,760,525 16.20% 2016 398,040 398,040 - 2,457,037 16.20% 2015 367,112 367,112 - 2,266,123 16.20% Note: Schedule is intended to show ten year trend. Additional years will be reported as they become available. City of Crystal Schedule of City Contributions - General Employees Retirement Fund Last Ten Years Contribution Deficiency (Excess) Contributions in Relation to the Statutorily Required Contributions City's Covered Payroll Statutorily Required Contribution Contributions as a Percentage of Covered- employee Payroll Schedule of City Contributions - Public Employees Police and Fire Retirement Fund Fiscal Year Ending December 31, Statutorily Required Contribution Contributions in Relation to the Statutorily Required Contributions City's Covered Payroll Fiscal Year Ending December 31, Contributions as a Percentage of Covered- employee Payroll Contribution Deficiency (Excess) Last Ten Years 7.2 96 7.2 City of Crystal Notes to Required Supplementary Information 97 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 have been no changes since the prior valuation. 2021 Changes Changes in Actuarial Assumptions  The investment return and single discount rates were changed from 7.5% to 6.5% for financial reporting purposes.  The mortality improvement scale was changed from scale MP-2019 to scale MP-2020. Changes in Plan Provisions  There have been no changes since the prior valuation. 2020 Changes Changes in Actuarial Assumptions  The price inflation assumption was decreased from 2.5% to 2.25%.  The payroll growth assumption was decreased from 3.25% to 3.0%.  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 changes as recommended in the June 30, 2019, experience study. The new rates are based on service and are generally lower than the previous rates for years 2-5 and slightly higher thereafter.  Assumed rates of disability were changed as recommended in the June 30, 2019, experience study. The change results in fewer predicted disability retirements for males and females.  The base mortality table for healthy annuitants and employees was changed from the RP-2014 table to the Pub-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.  The assumed number of married male new retirees electing the 100% Joint and Survivor option changed from 35% to 45%. The assumed number of married female new retires electing the 100% Joint and 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% thereafter. Augmentation was eliminated for privatizations occurring after June 30, 2020. 7.2 City of Crystal Notes to Required Supplementary Information 98 General Employees Fund (Continued) 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 $31.0 million to $21.0 million per year. The State's special funding contribution was changed prospectively, requiring $16.0 million due per year through 2031. 2018 Changes 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 4.00% to 3.00%, 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.  Contribution stabilizer provisions were repealed.  Postretirement benefit increases were changed from 1.00% per year with a provision to increase to 2.50% upon attainment of 90.00% funding ratio to 50.00% of the Social Security Cost of Living Adjustment, not less than 1.00% and not more than 1.50%, 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. 2017 Changes Changes in Actuarial Assumptions  The CSA loads were changed from 0.8% for active members and 60% for vested and non-vested deferred members. The revised CSA loads are now 0.0% for active member liability, 15% for vested deferred member liability and 3% for non-vested deferred member liability.  The assumed post-retirement benefit increase rate was changed from 1.0% per year for all years to 1.0% per year through 2044 and 2.5% per year thereafter. Changes in Plan Provisions  The State's contribution for the Minneapolis Employees Retirement Fund equals $16,000,000 in 2017 and 2018, and $6,000,000 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. 7.2 City of Crystal Notes to Required Supplementary Information 99 General Employees Fund (Continued) 2016 Changes Changes in Actuarial Assumptions  The assumed post-retirement benefit increase rate was changed from 1.0% per year through 2035 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 was changed from 7.9% to 7.5%.  Other assumptions were changed pursuant to the experience study dated June 30, 2015. The assumed future salary increases, payroll growth, the inflation was 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. 2015 Changes Changes in Actuarial Assumptions  The assumed post-retirement benefit increase rate was changed from 1.0% per year through 2030 and 2.5% per year thereafter to 1.0% per year through 2035 and 2.5% per year thereafter. Changes in Plan Provisions  On January 1, 2015, the Minneapolis Employees Retirement Fund was merged into the General Employees Fund, which increased the total pension liability by $1.1 billion and increased the fiduciary plan net position by $892 million. Upon consolidation, state and employer contributions were revised; the State's contribution of $6.0 million, which meets the special funding situation definition, was due September 2015. 7.2 City of Crystal Notes to Required Supplementary Information 100 Police and Fire Fund 2022 Changes Changes in Actuarial Assumptions  The mortality improvement scale was changed from scale MP-2020 to scale MP-2021.  The single discount rate was changed from 6.5% to 5.4%. Changes in Plan Provisions  There have been no changes since the prior valuation. 2021 Changes Changes in Actuarial Assumptions  The investment return and single discount rates were changed from 7.5% to 6.5% for financial reporting purposes.  The inflation assumption was changed from 2.5% to 2.25%.  The payroll growth assumption was changed from 3.25% to 3.0%.  The base mortality table for healthy annuitants and employees was changed from the RP-2014 table to the Pub-2010 Public Safety mortality table. The mortality improvement scale was changed from MP-2019 to MP-2020.  The base mortality table for disabled annuitants was changed from the RP-2014 healthy annuitant mortality table (with future mortality improvement according to scale MP-2019) to the Pub-2010 Public Safety disabled annuitant mortality table (with future mortality improvement according to scale MP-2020).  Assumed rates of salary increase were modified as recommended in the July 14, 2020, experience study. The overall impact is a decrease in gross salary increase rates.  Assumed rates of retirement were changed as recommended in the July 14, 2020, experience study. The changes resulted 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 resulted in more assumed terminations.  Assumed rates of disability were increased for ages 25-44 and decreased for ages over 49. Overall, proposed rates resulted in more projected disabilities.  Assumed percent 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 have been no changes since the prior valuation. 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. 7.2 City of Crystal Notes to Required Supplementary Information 101 Police and Fire Fund (Continued) 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  Postretirement benefit increases were changed to 1.00% for all years, with no trigger.  An end date of July 1, 2048, was added to the existing $9.0 million state contribution.  New annual state aid will equal $4.5 million in fiscal years 2019 and 2020, and $9.0 million thereafter until the plan reaches 100% funding, or July 1, 2048, if earlier.  Member contributions were changed from 10.80% to 11.30% of pay, effective January 1, 2019, and 11.80% of pay, effective January 1, 2020.  Employer contributions were changed from 16.20% to 16.95% of pay, effective January 1, 2019, and 17.70% of pay, effective January 1, 2020.  Interest credited on member contributions decreased from 4.00% to 3.00%, 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 CSA load was 30% for vested and non-vested deferred members. The CSA has been changed to 33% for vested members and 2% for non-vested members.  The base mortality table for healthy annuitants was changed from the RP-2000 fully generational table to the RP-2014 fully generational table (with a base year of 2006), with male rates adjusted by a factor of 0.96. The mortality improvement scale was changed from Scale AA to Scale MP- 2016. The base mortality table for disabled annuitants was changed from the RP-2000 disabled mortality table to the mortality tables assumed for healthy retirees.  Assumed termination rates were decreased to 3% 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. 7.2 City of Crystal Notes to Required Supplementary Information 102 Police and Fire Fund (Continued) 2017 Changes (Continued) Changes in Actuarial Assumptions (Continued)  The assumed percentage of female members electing Joint and Survivor annuities was increased.  The assumed post-retirement benefit increase rate was changed from 1% for all years to 1% 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 post-retirement benefit increase rate was changed from 1.0% per year through 2037 and 2.5% 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 single discount rate changed from 7.90% to 5.60%.  The assumed future salary increases, payroll growth, and inflation was 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. 2015 Changes Changes in Actuarial Assumptions  The assumed post-retirement benefit increase rate was changed from 1.0% per year through 2030 and 2.5% per year thereafter to 1.0% per year through 2037 and 2.5% per year thereafter. Changes in Plan Provisions  The post-retirement benefit increase to be paid after attainment of the 90% funding threshold was changed, from inflation up to 2.5%, to a fixed rate of 2.5%. 7.2 City of Crystal Notes to Required Supplementary Information 103 Post Employment Health Care Plan 2022 Changes Changes in Actuarial Assumptions  The discount rate was decreased from 2.12% in 2021 to 2.06% in 2022.  Medical trend was updated based on recently published trend model and trend surveys to better reflect future anticipated experience.  Medical per capita claims tables were updated based on recent experience and demographics.  Withdrawal, retirement, mortality, disability, and salary scale assumptions were updated to those included in the recently published PERA actuarial valuations.  Future retiree participation rates were updated from 75% to 65% based on analysis of past plan experience.  Future retiree spouse participation rates were updated from 40% for PERA Coordinated and 60% for PERA Police and Fire to 40% for all participants based on analysis of past plan experience.  Future retiree medical plan blending was updated based on an analysis of medical plan election rates as of the valuation date. 2021 Changes  There have been no changes since the prior valuation. 2020 Changes Changes in Actuarial Assumptions  The discount rate decreased from 2.74% in 2019 to 2.12% in 2020. 2019 Changes Changes in Actuarial Assumptions  The discount rate decreased from 4.09% in 2018 to 2.74% in 2019. 2018 Changes Changes in Actuarial Assumptions  The discount rate increased from 3.44% in 2017 to 4.09% in 2018. 7.2 104 SUPPLEMENTARY INFORMATION 7.2 105 City of Crystal Nonmajor Governmental Funds SPECIAL REVENUE FUNDS Special Revenue Funds are used to account for specific revenues that are restricted to expenditures for particular purposes. TIF Districts This fund accounts for activities of the City's tax increment financing (TIF) districts. The main financing sources include tax increment revenue, interest, and transfers from other funds. Special Projects This fund is used to account for miscellaneous grants as well as revenues and expenditures relating to DWI-forfeited vehicles. In addition, this fund is used to account for revenues and expenditures of funds donated for ongoing, city-specified projects that may otherwise not be accomplished due to lack of funding. EDA This blended component unit is used to account for the City's housing and redevelopment activities. Significant revenue sources include property taxes, intergovernmental revenues, and charges for services. CAPITAL PROJECTS FUNDS Capital Projects Funds are used to account for the acquisition and construction of major capital facilities of the City, with the exception of those financed by Proprietary Funds. Cable TV Equipment This fund is used to accumulate funds to pay for equipment and expenses related to TV broadcast of city council meetings. The main financing sources include grants and interest. Park Improvement This fund is used to accumulate funds to pay for park improvements. The main financing sources include property taxes and interest. Police Equipment Revolving This fund is used to account for capital acquisitions of the City's police department. The fund was initially funded by a 1999 refund of the City's proportionate share of residual assets in the overfunded PERA police consolidation account, which was merged with the PERA Police and Fire Fund. Financing sources may include property taxes, grants, interest, and proceeds from sale of equipment. 7.2 106 TIF Districts Special Revenue Special Projects EDA Total Assets Cash and investments 898,933$ 189,709$ 1,971,841$ 3,060,483$ Accounts receivable 22,874 - - 22,874 Taxes receivable - - 4,327 4,327 Special assessments receivable - - 91,336 91,336 Advances to other funds - - 1,935 1,935 Land held for resale - - 271,000 271,000 Total assets 921,807$ 189,709$ 2,340,439$ 3,451,955$ Liabilities Accounts payable 20,479$ 2,020$ 4,348$ 26,847$ Advances from other funds 15,713 - - 15,713 Due to other governments - - 1,170 1,170 Salaries and benefits payable - - 4,577 4,577 Deposits payable - - 2,000 2,000 Total liabilities 36,192 2,020 12,095 50,307 Deferred Inflows of Resources Unavailable revenue - property taxes - - 4,205 4,205 Unavailable revenue - special assessments - - 91,336 91,336 Total deferred inflows of resources - - 95,541 95,541 Fund Balances Restricted 885,615 88,055 - 973,670 Committed - - 2,232,803 2,232,803 Assigned - 99,634 - 99,634 Total fund balances 885,615 187,689 2,232,803 3,306,107 Total liabilities, deferred inflow of resouces, and fund balances 921,807$ 189,709$ 2,340,439$ 3,451,955$ December 31, 2022 Special Revenue City of Crystal Combining Balance Sheet - Nonmajor Governmental Funds 7.2 107 Cable TV Equipment Park Improvement Police Equipment Revolving Total Total Governmental Funds 299,823$ 1,291,162$ 1,613,600$ 3,204,585$ 6,265,068$ - 80,000 - 80,000 102,874 - 1,682 - 1,682 6,009 - - - - 91,336 - - 1,170,000 1,170,000 1,171,935 - - - - 271,000 299,823$ 1,372,844$ 2,783,600$ 4,456,267$ 7,908,222$ 33$ 11,809$ 29,952$ 41,794$ 68,641$ - - - - 15,713 - - 20 20 1,190 - - - - 4,577 - - - - 2,000 33 11,809 29,972 41,814 92,121 - 1,625 - 1,625 5,830 - - - - 91,336 - 1,625 - 1,625 97,166 - - - - 973,670 299,790 1,359,410 2,753,628 4,412,828 6,645,631 - - - - 99,634 299,790 1,359,410 2,753,628 4,412,828 7,718,935 299,823$ 1,372,844$ 2,783,600$ 4,456,267$ 7,908,222$ Capital Projects 7.2 108 TIF Districts Special Revenue Special Projects EDA Total Revenues Property taxes 348,352$ -$ 311,727$ 660,079$ Special assessments - - 32,839 32,839 Intergovernmental - - 12,500 12,500 Fine and forfeitures - 4,440 - 4,440 Miscellaneous Interest (15,684) - (39,171) (54,855) Other 22,877 100,653 2,033 125,563 Total revenues 355,545 105,093 319,928 780,566 Expenditures Current General government - 58,884 - 58,884 Public safety - 16,994 - 16,994 Recreation - 1,841 - 1,841 Economic development 267,000 - 397,375 664,375 Debt service Principal - - - - Interest and other charges - - - - Capital outlay - 29,350 - 29,350 Total expenditures 267,000 107,069 397,375 771,444 Excess of revenues over (under) expenditures 88,545 (1,976) (77,447) 9,122 Other Financing Sources (Uses) Proceeds from sale of capital asset - - - - Lease issuance - - - - Total other financing sources (uses)- - - - Net change in fund balances 88,545 (1,976) (77,447) 9,122 Fund Balances Beginning of year 797,070 189,665 2,310,250 3,296,985 End of year 885,615$ 187,689$ 2,232,803$ 3,306,107$ Special Revenue City of Crystal Combining Statement of Revenues, Expenditures, and Changes in Fund Balances - Nonmajor Governmental Funds Year Ended December 31, 2022 7.2 109 Cable TV Equipment Park Improvement Police Equipment Revolving Total Total Other Governmental Funds -$ 607,175$ 158,037$ 765,212$ 1,425,291$ - - - - 32,839 34,390 80,000 - 114,390 126,890 - - - - 4,440 - (5,249) (24,514) (65,484) (95,247) (150,102) - 3,771 23 3,794 129,357 29,141 666,432 92,576 788,149 1,568,715 800 - - 800 59,684 - - 1,972 1,972 18,966 - 1,201 - 1,201 3,042 - - - - 664,375 - - 43,605 43,605 43,605 - - 9,704 9,704 9,704 - 557,710 409,843 967,553 996,903 800 558,911 465,124 1,024,835 1,796,279 28,341 107,521 (372,548) (236,686) (227,564) - 11,492 12,572 24,064 24,064 - - 293,439 293,439 293,439 - 11,492 306,011 317,503 317,503 28,341 119,013 (66,537) 80,817 89,939 271,449 1,240,397 2,820,165 4,332,011 7,628,996 299,790$ 1,359,410$ 2,753,628$ 4,412,828$ 7,718,935$ Capital Projects 7.2 110 Original Final Actual Amounts Revenues Property taxes 358,753$ 358,753$ 348,352$ (10,401)$ Interest 18,875 18,875 (15,684) (34,559) Miscellaneous revenues - - 22,877 22,877 Total revenues 377,628 377,628 355,545 (22,083) Expenditures Current Community development 291,848 291,848 267,000 (24,848) Net change in fund balances 85,780$ 85,780$ 88,545 2,765$ Fund Balance Beginning of year 797,070 End of year 885,615$ Budgeted Amounts Variance with Final Budget City of Crystal Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual TIF Districts - Special Revenue Year Ended December 31, 2022 7.2 111 Original Final Actual Amounts Revenues Property taxes 310,000$ 310,000$ 311,727$ 1,727$ Special assessments - - 32,839 32,839 Intergovernmental - - 12,500 12,500 Investment income 8,000 8,000 (39,171) (47,171) Miscellaneous revenues - - 2,033 2,033 Total revenues 318,000 318,000 319,928 1,928 Expenditures Current Community development 384,390 384,390 397,375 12,985 Net change in fund balances (66,390)$ (66,390)$ (77,447) (11,057)$ Fund Balances Beginning of year 2,310,250 End of year 2,232,803$ Budgeted Amounts Variance with Final Budget City of Crystal Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual - EDA - Special Revenue Year Ended December 31, 2022 7.2 112 City of Crystal Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Street Reconstruction - Capital Projects Year Ended December 31, 2022 Original Final Actual Amounts Revenues Property taxes 245,926$ 245,926$ 245,926$ -$ Special assessments 230,000 230,000 411,314 181,314 Intergovernmental 230,000 230,000 590,323 360,323 Investment income 75,000 75,000 (184,568) (259,568) Miscellaneous revenues - - 574 574 Total revenues 780,926 780,926 1,063,569 282,643 Expenditures Public works - capital outlay 1,577,690 1,577,690 1,132,184 (445,506) Net change in fund balances (796,764)$ (796,764)$ (68,615) 728,149$ Fund Balance Beginning of year 6,692,180 End of year 6,623,565$ Budgeted Amounts Variance with Final Budget 7.2 113 City of Crystal Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Park Improvement - Capital Projects Year Ended December 31, 2022 Original Final Actual Amounts Revenues Property taxes 606,999$ 606,999$ 607,175$ 176$ Intergovernmental - - 80,000 80,000 Interest 13,000 13,000 (24,514) (37,514) Miscellaneous revenues - - 3,771 3,771 Total revenues 619,999 619,999 666,432 46,433 Expenditures Current Park and recreation - - 1,201 1,201 Capital outlay Park and recreation 910,000 910,000 557,710 (352,290) Total expenditures 910,000 910,000 558,911 (351,089) Excess of revenues over (under) expenditures (290,001) (290,001) 107,521 397,522 Other financing uses Proceeds from sale of capital asset 24,000 24,000 11,492 (12,508) Net change in fund balances (266,001)$ (266,001)$ 119,013 385,014$ Fund Balance Beginning of year 1,240,397 End of year 1,359,410$ Budgeted Amounts Variance with Final Budget 7.2 114 City of Crystal Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual Police Equipment Revolving - Capital Projects Year Ended December 31, 2022 Original Final Actual Amounts Revenues Property taxes 161,197$ 161,197$ 158,037$ (3,160)$ Interest 20,000 20,000 (65,484) (85,484) Miscellaneous revenues - - 23 23 Total revenues 181,197 181,197 92,576 (88,621) Expenditures Current Public safety - - 1,972 1,972 Debt service: Principal - - 43,605 43,605 Interest and other charges - - 9,704 9,704 Capital outlay 217,508 217,508 409,843 192,335 Total expenditures 217,508 217,508 465,124 247,616 Excess of revenues under expenditures (36,311) (36,311) (372,548) (336,237) Other Financing Sources Proceeds from sale of capital asset 15,000 15,000 12,572 (2,428) Lease issuance - - 293,439 293,439 Total other financing sources (uses) 15,000 15,000 306,011 291,011 Net change in fund balances (21,311)$ (21,311)$ (66,537) (45,226)$ Fund Balance Beginning of year 2,820,165 End of year 2,753,628$ Budgeted Amounts Variance with Final Budget 7.2 115 Self Insurance Fleet Information Technology City Buildings Totals Assets Current assets Cash and investments (including cash equivilants) 356,411$ 2,668,995$ -$ 2,592,613$ 5,618,019$ Due from other governments - - - 2,987,835 2,987,835 Total current assets 356,411 2,668,995 - 5,580,448 8,605,854 Noncurrent assets Capital assets Software - 9,428 156,230 - 165,658 Buildings - 120,000 - 18,812,040 18,932,040 Improvements other than buildings - 170,274 258,421 123,542 552,237 Machinery and equipment - 4,239,862 462,738 104,530 4,807,130 Office equipment and furnishings - - 608,395 - 608,395 Vehicles - 4,058,053 - - 4,058,053 Construction In Progress - - - 17,136,743 17,136,743 Total capital assets - 8,597,617 1,485,784 36,176,855 46,260,256 Less accumulated depreciation - (4,934,439) (1,177,020) (9,447,613) (15,559,072) Net capital assets - 3,663,178 308,764 26,729,242 30,701,184 Liabilities Current liabilities Accounts payable 119,774 410,153 4,062 - 533,989 Contracts payable - - - 1,077,615 1,077,615 Advances from other funds - - 85,572 - 85,572 Due to other governments - - 5,668 - 5,668 Total current liabilities 119,774 410,153 95,302 1,077,615 1,702,844 Noncurrent Liabilities: Advances from other funds - - - 7,570,000 7,570,000 Total liabilities 119,774 410,153 95,302 8,647,615 9,272,844 Net Position Net investment in capital assets - 3,663,178 308,764 25,651,627 29,623,569 Unrestricted 236,637 2,258,842 (95,302) (1,989,552) 410,625 Total net position 236,637 5,922,020 213,462 23,662,075 30,034,194 City of Crystal Combining Statement of Net Position - Internal Service Funds December 31, 2022 7.2 116 Self Insurance Fleet Information Technology City Buildings Totals Operating revenues Charges for services -$ 341,584$ 554,792$ 1,467,403$ 2,363,779$ Miscellaneous 55,527 84 259 73,000 128,870 Total operating revenues 55,527 341,668 555,051 1,540,403 2,492,649 Operating expenses Other services 152,602 13,872 601,755 386,927 1,155,156 Supplies - - - 23,633 23,633 Depreciation - 662,617 84,215 589,632 1,336,464 Equipment - 6,077 282,168 173,441 461,686 Total operating expenses 152,602 682,566 968,138 1,173,633 2,976,939 Operating income (loss) (97,075) (340,898) (413,087) 366,770 (484,290) Nonoperating revenues (expenses) Investment income (6,033) (49,941) (3,556) 16,688 (42,842) Gain on sale of capital assets - 83,737 - - 83,737 Total nonoperating revenue (expenses) (6,033) 33,796 (3,556) 16,688 40,895 Income before capital contributions (103,108) (307,102) (416,643) 383,458 (443,395) Capital contributions - - - 6,826,342 6,826,342 Change in net position (103,108) (307,102) (416,643) 7,209,800 6,382,947 Net position - beginning 339,745 6,229,122 630,105 16,452,275 23,651,247 Net position - ending 236,637$ 5,922,020$ 213,462$ 23,662,075$ 30,034,194$ City of Crystal Combining Statement of Revenues, Expenses, and Changes in Net Position - Internal Service Funds For the Year Ended December 31, 2022 7.2 117 Self Insurance Fleet Information Technology City Buildings Totals Cash Flows - Operating Activities Interfund services provided and used -$ 341,668$ 555,051$ (1,484,683)$ (587,964)$ Payments to suppliers (215,319) 390,204 (878,730) (1,748,512) (2,452,357) Miscellaneous revenue 55,527 - - 37,251 92,778 Net cash flows - operating activities (159,792) 731,872 (323,679) (3,195,944) (2,947,543) Cash Flows - Capital and Related Financing Activities Change in advance from other funds - - 85,572 7,570,000 7,655,572 Proceeds from disposal of capital assets - 303,940 - - 303,940 Grants and contributions - - - 6,826,342 6,826,342 Acquisition of capital assets - (808,889) - (11,367,304) (12,176,193) Net cash flows - capital and related financing activities - (504,949) 85,572 3,029,038 2,609,661 Cash Flows - Investing Activities Interest and dividends received (6,033) (49,941) (3,556) 16,688 (42,842) Net change in cash and cash equivalents (165,825) 176,982 (241,663) (150,218) (380,724) Cash and cash equivalents, January 1 522,236 2,492,013 241,663 2,742,831 5,998,743 Cash and cash equivalents, December 31 356,411$ 2,668,995$ -$ 2,592,613$ 5,618,019$ Reconciliation of Operating Income (Loss) to Net Cash Flows - Operating Activities Operating income (loss) (97,075)$ (340,898)$ (413,087)$ 366,770$ (484,290)$ Adjustments to reconcile operating income (loss) to net cash flows - operating activities Depreciation expense - 662,617 84,215 589,632 1,336,464 Due from other governments - - - (2,987,835) (2,987,835) Accounts payable (62,717) 410,153 1,368 (1,164,511) (815,707) Due to other governmental units - - 3,825 - 3,825 Total adjustments (62,717) 1,072,770 89,408 (3,562,714) (2,463,253) Net cash flows - operating activities (159,792)$ 731,872$ (323,679)$ (3,195,944)$ (2,947,543)$ City of Crystal Combining Statement of Cash Flows - Internal Service Funds Year Ended December 31, 2022 7.2 118 7.2 119 STATISTICAL SECTION 7.2 120 7.2 121 City of Crystal Statistical Section (Unaudited) This part of the City of Crystal's comprehensive annual financial report presents detailed information as a context for understanding what the information in the financial statements, note disclosures, and required supplementary information says about the City's overall financial health. Financial Trends These schedules contain trend information to help the reader understand how the government's financial performance and well-being have changed over time. Table 1 – Net Position by Component Table 2 – Changes in Net Position Table 3 – Fund Balances of Governmental Funds Table 4 – Changes in Fund Balances of Governmental Funds Revenue Capacity These schedules contain information to help the reader assess the government's most significant local revenue source, property taxes. Table 5 – Taxable and Estimated Market Values of Taxable Property Table 6 – Property Tax Rates – Direct and Overlapping Governments Table 7 – Principal Property Taxpayers Table 8 – Property Tax Levies and Collations Debt Capacity These schedules present information to help the reader assess the affordability of the government's current level of outstanding debt and the government's ability to issue additional debt in the future. Table 9 – Legal Debt Margin Information Table 10 – Ratios of Outstanding Debt by Type Table 11 – Ratios of General Bonded Debt Outstanding Table 12 – Direct and Overlapping Governmental Activities Debt Demographic and Economic Information These schedules offer demographic and economic indicators to help the reader understand the environment within which the government's financial activities take place. Table 13 – Demographic and Economic Statistics Table 14 – Principal Employers Table 15 – Full-Time City Government Employees by Function Table 16 – Operating Indicators by Function Table 17 – Capital Asset Statistics by Function 7.2 122 2013 2014 2015 2016 Governmental Activities Net investment in capital assets 28,944,085$ 34,052,606$ 39,903,269$ 40,421,924$ Restricted 17,707,336 16,360,362 18,102,105 18,580,900 Unrestricted 43,687,744 39,694,502 25,901,804 25,370,751 Total governmental activities net position 90,339,165$ 90,107,470$ 83,907,178$ 84,373,575$ Business-Type Activities Net investment in capital assets 15,655,823$ 15,448,191$ 19,057,632$ 19,889,415$ Unrestricted 10,114,825 9,397,654 7,484,722 8,575,762 Total business-type activities net position 25,770,648$ 24,845,845$ 26,542,354$ 28,465,177$ Primary Government Net investment in capital assets 44,599,908$ 49,500,797$ 58,960,901$ 60,311,339$ Restricted 17,707,336 16,360,362 18,102,105 18,580,900 Unrestricted 53,802,569 49,092,156 33,386,526 33,946,513 Total primary government net position 116,109,813$ 114,953,315$ 110,449,532$ 112,838,752$ City of Crystal Net Position By Component (Accrual Basis of Accounting) Last Ten Fiscal Years (unaudited) 7.2 123 Table 1 2017 2018 2019 2020 2021 2022 40,534,551$ 41,195,367$ 46,233,147$ 48,365,123$ 51,326,806$ 62,949,446$ 20,099,040 18,671,275 17,072,361 14,067,681 12,295,252 10,999,656 24,388,020 23,516,447 22,294,201 23,420,637 20,389,276 13,615,508 85,021,611$ 83,383,089$ 85,599,709$ 85,853,441$ 84,011,334$ 87,564,610$ 22,283,455$ 21,693,069$ 19,815,262$ 21,760,477$ 22,539,961$ 25,321,967$ 9,572,606 10,836,119 11,901,367 12,074,284 13,285,540 12,753,395 31,856,061$ 32,529,188$ 31,716,629$ 33,834,761$ 35,825,501$ 38,075,362$ 62,818,006$ 62,888,436$ 66,048,409$ 70,125,600$ 73,866,767$ 88,271,413$ 20,099,040 18,671,275 17,072,361 14,067,681 12,295,252 10,999,656 33,960,626 34,352,566 34,195,568 35,494,921 33,674,816 26,368,903 116,877,672$ 115,912,277$ 117,316,338$ 119,688,202$ 119,836,835$ 125,639,972$ 7.2 124 2013 2014 2015 2016 Expenses Governmental activities General government 2,091,395$ 2,767,171$ 2,646,651$ 3,226,278$ Public safety 5,900,593 6,085,801 6,438,462 7,685,700 Public works 2,655,529 5,034,894 5,132,260 6,511,486 Parks and recreation 2,548,785 2,622,407 2,816,220 2,759,211 Community development 1,570,132 1,358,486 1,287,427 1,174,426 Interest on long-term debt 586,388 529,448 555,121 563,308 Total governmental activities expenses 15,352,822 18,398,207 18,876,141 21,920,409 Business-type activities Water 3,092,654$ 3,928,301$ 4,131,931$ 3,047,910$ Sanitary sewer 1,927,664 1,931,725 1,995,561 2,169,072 Storm drainage 760,372 662,419 883,284 903,884 Street lights 309,396 169,664 151,305 155,056 Recycling 329,131 324,105 324,393 324,496 Total business-type activities expenses 6,419,217 7,016,214 7,486,474 6,600,418 Total primary government expenses 21,772,039$ 25,414,421$ 26,362,615$ 28,520,827$ Program Revenues Governmental activities Charges for services General government 256,133$ 354,802$ 228,357$ 320,899$ Public safety 429,740 438,328 412,016 411,592 Public works 9 303 0 - Parks and recreation 500,561 465,769 483,741 515,056 Community development 902,000 1,739,829 761,469 767,755 Operating grants and contributions 667,622 595,463 634,881 728,449 Capital grants and contributions 6,877,723 2,613,480 5,533,872 7,393,250 Total governmental activities program revenues 9,633,788 6,207,974 8,054,336 10,137,001 Business-type activities Charges for services Water 2,637,830 2,601,186 2,962,818 3,076,263 Sanitary sewer 1,939,539 2,020,522 2,079,431 2,193,599 Storm drainage 717,005 760,884 809,067 867,598 Street lights 169,015 181,720 186,125 191,261 Recycling 334,162 334,101 334,493 334,926 Operating grants and contributions 414,534 388,648 1,669,332 1,859,532 Capital grants and contributions 1,319,522 11,612 - - Total business-type activities program revenues 7,531,607 6,298,673 8,041,266 8,523,179 Total primary government program revenues 17,165,395$ 12,506,647$ 16,095,602$ 18,660,180$ City of Crystal Changes in Net Position (Accrual Basis of Accounting) Last Ten Fiscal Years (unaudited) 7.2 125 Table 2 2017 2018 2019 2020 2021 2022 2,964,731$ 3,435,708$ 4,523,764$ $2,622,345 $2,538,863 $2,304,721 7,546,777 7,250,306 7,585,509 8,533,972 8,207,219 10,325,270 4,224,253 4,285,522 4,479,566 5,675,261 4,789,185 4,650,024 3,128,275 3,299,792 3,093,691 3,126,917 4,097,820 4,615,108 1,616,752 1,159,700 1,398,666 1,552,016 1,748,467 1,481,719 541,919 518,975 462,218 340,097 307,840 255,755 20,022,707 19,950,003 21,543,414 21,850,608 21,689,394 23,632,597 2,970,228$ 3,105,611$ 3,094,824$ 3,362,825$ 3,718,004$ 3,817,096$ 2,144,581 2,486,143 2,164,837 2,317,049 2,742,022 2,668,640 809,169 759,180 1,539,162 725,016 817,652 937,050 174,479 152,301 151,732 194,991 180,314 205,757 324,853 335,310 334,947 344,747 344,702 380,318 6,423,310 6,838,545 7,285,502 6,944,628 7,802,694 8,008,861 26,446,017$ 26,788,548$ 28,828,916$ 28,795,236$ 29,492,088$ 31,641,458$ 279,603$ 243,710$ 177,914$ 181,700$ 232,472$ 251,089$ 380,498 346,501 318,706 204,252 174,439 597,493 - - - - -- 513,457 541,486 552,388 154,555 437,656 518,047 796,152 1,255,396 1,169,663 651,925 898,035 832,792 659,450 699,638 761,960 887,111 963,527 890,737 7,473,350 2,337,789 2,146,495 1,763,000 1,670,868 8,553,139 10,102,510 5,424,520 5,127,126 3,842,543 4,376,997 11,643,297 3,138,317 3,265,849 3,707,733 4,442,177 5,060,454 5,032,917 2,300,866 2,578,065 2,446,851 2,679,871 3,112,281 3,347,460 1,058,549 1,174,131 1,226,403 1,271,999 1,309,810 1,365,594 195,122 195,324 194,950 193,029 194,435 195,553 340,250 340,410 342,336 348,287 365,448 386,375 680,740 547,760 2,560,212 240,825 202,760 563,599 - - - 105,750 49,395 7,801 7,713,844 8,101,539 10,478,485 9,281,938 10,294,583 10,899,299 17,816,354$ 13,526,059$ 15,605,611$ 13,124,481$ 14,671,580$ 22,542,596$ 7.2 126 2013 2014 2015 2016 Net (Expense) Revenue Governmental activities (5,719,034)$ (12,190,233)$ (10,821,805)$ (11,783,408)$ Business-type activities 1,112,390 (717,541) 554,792 1,922,761 Total primary government net expense (4,606,644)$ (12,907,774)$ (10,267,013)$ (9,860,647)$ General Revenues and Other Changes in Net Position Governmental activities Property taxes 9,561,519$ 9,621,212$ 9,670,252$ 9,955,391$ Grants and contributions not restricted to specific programs 1,472,223 1,664,043 1,701,220 1,712,591 Unrestricted investment earnings 96,678 350,648 303,263 445,296 Gain on disposition of capital assets 47,080 48,900 27,706 82,795 Transfers (252,756) 273,735 (1,577,880) 53,732 Total governmental activities 10,924,744 11,958,538 10,124,561 12,249,805 Business-type activities Unrestricted investment earnings 16,241 66,473 53,517 47,353 Gain on disposition of capital assets 51,300 0 12,500 6,441 Transfers 252,756 (273,735) 1,577,880 (53,732) Total business-type activities 320,297 (207,262) 1,643,897 62 Total primary government 11,245,041$ 11,751,276$ 11,768,458$ 12,249,867$ Change in Net Position Governmental activities 5,205,710$ (231,695)$ (697,244)$ 466,397$ Business-type activities 1,432,687 (924,803) 2,198,689 1,922,823 Total primary government 6,638,397$ (1,156,498)$ 1,501,445$ 2,389,220$ City of Crystal Changes in Net Position (Accrual Basis of Accounting) Last Ten Fiscal Years (unaudited) 7.2 127 (Continued) Table 2 2017 2018 2019 2020 2021 2022 (9,920,197)$ (14,525,483)$ (16,416,288)$ (16,416,288)$ (17,312,397)$ (11,989,300)$ 1,290,534 1,262,994 3,192,983 3,192,983 2,491,889 2,890,438 (8,629,663)$ (13,262,489)$ (13,223,305)$ (13,223,305)$ (14,820,508)$ (9,098,862)$ 10,469,019$ 11,193,252$ 11,619,642 12,699,857 13,437,858 14,175,783 1,753,898 1,850,588 2,038,452 3,751,256 1,624,369 1,356,242 302,344 542,106 969,103 1,217,350 (163,476) (605,649) 91,114 231,971 146,270 119,077 92,038 110,986 (2,048,142) 502,049 4,154,441 474,257 479,501 505,214 10,568,233 14,319,966 18,927,908 18,261,797 15,470,290 15,542,576 42,244 98,002 148,899 255,079 (21,648) (135,363) 9,964 - - - - 2,048,142 (502,049) (4,154,441) (474,257) (479,501) (505,214) 2,100,350 (404,047) (4,005,542) (219,178) (501,149) (640,577) 12,668,583$ 13,915,919$ 14,922,366$ 18,042,619$ 14,969,141$ 14,901,999$ 648,036$ (205,517)$ 2,511,620$ 1,845,509$ (1,842,107)$ 3,553,276$ 3,390,884 858,947 (812,559) # 2,973,805 # 1,990,740 # 2,249,861 4,038,920$ 653,430$ 1,699,061$ 4,819,314$ 148,633$ 5,803,137$ 7.2 128 2013 2014 2015 2016 General Fund Nonspendable Inventory -$ -$ 27,488$ 15,519$ Prepaid items - - - - Committed Compensated absences 840,514 801,697 782,627 817,760 Unassigned 6,862,599 6,594,097 6,382,810 6,220,496 Total general fund 7,703,113$ 7,395,794$ 7,192,925$ 7,053,775$ All Other Governmental Funds Nonspendable Prepaid items -$ 8,450$ -$ -$ Restricted Housing and redevelopment assistance 1,593,243 1,655,414 1,703,927 1,783,870 Murl revolving fund 35,651 39,519 - - Debt service 5,440,681 5,528,971 6,437,512 5,750,342 10% lawful gambling contribution 1,945 445 - - DWI-related enforcement, training and education 59,357 55,399 40,626 32,375 Committed Housing and redevelopment assistance 3,914,649 3,974,329 4,247,836 4,215,316 Capital outlay - city wide 8,647,926 8,632,632 8,498,360 8,357,889 Capital outlay - replace and renovation of city bldgs.10,286,268 6,964,198 - 105,509 Capital outlay - street reconstruction 2,261,153 2,347,934 2,074,645 2,132,454 Capital outlay - police equipment 3,138,748 3,122,050 3,126,443 3,108,331 Capital outlay - cable TV equipment - - 35,487 72,531 Capital outlay - fire equipment 637,970 643,352 648,635 585,905 Capital outlay - street maintenance 1,854,710 1,251,683 1,420,778 1,590,262 Capital outlay - fleet - - - - Capital outlay - information technology - - - - Capital outlay - park improvement - - - - Assigned Police department purposes 18,531 14,873 22,453 40,631 Park and recreation department purposes 26,718 24,686 23,684 20,729 Other purposes 11,855 8,060 9,042 7,755 Unassigned - - (626,968) - Total all other governmental funds 37,929,405$ 34,271,995$ 27,662,460$ 27,803,899$ Note: The City implemented GASB Statement No. 54 in 2011. City of Crystal Fund Balances of Governmental Funds (Modified Accrual Basis of Accounting) Last Ten Fiscal Years (unaudited) 7.2 129 Table 3 2017 2018 2019 2020 2021 2022 19,169$ 23,941$ 71,541$ 9,012$ 33,274$ 35,338$ - - - 17,386 13,178 - 753,962 774,914 801,503 926,030 957,521 917,956 6,119,325 6,181,591 6,123,392 7,405,222 6,765,565 5,558,799 6,892,456$ 6,980,446$ 6,996,436$ 8,357,650$ 7,769,538$ 6,512,093$ -$ -$ -$ -$ -$ -$ 1,768,695 1,327,159 1,180,909 1,038,382 797,070 885,615 - - - - - 5,312,296 6,079,365 6,080,972 4,506,534 4,338,861 4,051,763 - - - - - 27,824 58,991 86,870 73,496 132,231 88,055 3,846,024 3,931,334 2,443,836 2,438,443 2,310,250 2,232,803 8,211,949 399,581 - - - 644,615 3,338,128 4,155,413 - - 2,718,992 5,672,092 6,778,918 6,803,180 6,692,180 6,623,565 2,870,691 2,812,125 2,915,448 2,766,889 2,820,165 2,753,628 111,450 152,917 195,363 238,385 271,449 299,790 212,683 1,932,904 - - - - 1,696,974 - - - - - - 2,790,279 2,850,100 - - - - 466,596 564,839 - - - - - 1,405,831 1,373,663 1,240,397 1,359,410 40,631 40,631 71,427 74,614 57,434 99,634 20,729 20,729 - - - - 12,564 12,564 - - - - - - - - - - 27,496,117$ 29,035,395$ 28,729,926$ 19,313,586$ 18,660,037$ 18,394,263$ 7.2 130 2013 2014 2015 2016 Revenues Property taxes 9,641,513$ 9,621,688$ 9,664,690$ 9,966,978$ Special assessments 3,467,243 2,873,099 3,328,989 3,950,081 Licenses, permits and inspections 843,741 924,967 808,695 773,479 Intergovernmental 3,046,762 2,930,382 3,175,821 3,062,273 Charges for sales and/or services 899,525 1,718,581 932,081 913,329 Administrative services provided to other funds 291,368 - - - Fines and forfeitures 397,759 405,546 355,566 322,009 Interest 473,660 331,758 291,400 245,865 Net increase (decrease) in fair value of investments (379,426)9,442 4,825 59,015 Miscellaneous 502,878 111,496 409,295 1,046,909 Total revenues 19,185,023 18,926,959 18,971,362 20,339,938 Expenditures General government 2,158,164 2,198,872 2,289,245 2,517,924 Public safety 5,679,203 5,692,868 5,841,029 6,143,480 Public works 1,311,719 2,246,292 1,327,418 2,077,476 Parks and recreation 2,029,179 2,081,162 2,229,890 2,240,202 Community development 1,464,562 1,252,952 1,197,652 1,108,920 Capital outlay 7,327,877 7,209,039 14,022,519 7,124,563 Debt service - Principal 1,358,811 2,275,042 1,379,264 2,481,027 Interest and other fees 564,181 554,063 536,202 591,516 Total expenditures 21,893,696 23,510,290 28,823,219 24,285,108 Excess (Deficiency) of Revenues Over (Under) Expenditures (2,708,673) (4,583,331) (9,851,857) (3,945,170) Other Financing Sources (Uses) Issuance of bonds 3,630,000 - 2,550,000 3,330,000 Issuance of refunding bonds - - - - Issuance of notes payable - - - - Refunded bonds redeemed - - - - Premium on bonds issued 58,626 - 92,777 99,664 Proceeds from sale of property and equipment 57,310 82,547 33,224 122,359 Lease Issuance Discount on bonds issued - - - - Transfers in 895,350 2,347,933 931,436 673,132 Transfers out (845,756) (1,898,783) (551,084) (286,146) Total other financing sources (uses)3,795,530 531,697 3,056,353 3,939,009 Net Change in Fund Balances 1,086,857$ (4,051,634)$ (6,795,504)$ (6,161)$ Debt service as a percentage of noncapital expenditures 13%17%13%18% City of Crystal Changes in Fund Balances of Governmental Funds (Modified Accrual Basis of Accounting) Last Ten Fiscal Years (unaudited) 7.2 131 Table 4 2017 2018 2019 2020 2021 2022 10,569,176$ 11,231,206$ 11,600,365$ 12,660,825$ 13,457,410$ 14,159,906$ 4,468,266 3,452,454 2,746,810 2,460,519 2,321,804 1,908,984 785,451 740,192 835,712 676,382 874,706 850,953 3,133,642 3,641,377 3,964,052 4,903,347 2,881,597 2,644,515 859,087 935,558 886,368 332,551 709,189 854,019 - - - - - 359,917 251,732 296,200 196,239 169,270 188,836 259,657 511,542 949,195 930,168 (131,068) (562,807) - - - - - 354,302 595,766 406,221 107,560 357,923 175,903 20,789,498 21,359,827 21,684,923 22,267,591 20,640,831 20,220,309 2,639,028 2,580,042 2,479,514 2,246,838 2,251,477 2,484,535 6,589,235 7,028,892 7,412,980 8,324,408 8,509,527 9,101,585 1,455,074 1,391,736 1,411,680 1,549,456 1,761,363 1,873,638 2,379,532 2,546,771 2,792,663 2,913,882 3,512,059 3,872,309 1,279,318 1,548,967 1,112,371 1,303,613 1,542,587 1,399,679 9,829,622 3,255,645 4,651,350 3,139,828 2,812,386 2,129,087 1,968,341 1,587,269 1,915,357 3,350,275 1,652,500 1,413,605 551,467 548,573 508,618 425,562 353,532 309,570 26,691,617 20,487,895 22,284,533 23,253,862 22,395,431 22,584,008 (5,902,119) 871,932 (599,610) (986,271) (1,754,600) (2,363,699) 4,665,000 - - - - - - - - - - - - - - - - - - - 273,843 - - - - 91,114 253,287 146,270 27,240 33,438 27,249 308,017 - - - - - 1,944,997 10,580,478 2,015,785 474,257 520,329 505,214 (1,541,936) (10,078,429) (1,556,924) - (40,828) 5,433,018 755,336 605,131 501,497 512,939 840,480 (469,101)$ 1,627,268$ 5,521$ (484,774)$ (1,241,661)$ (1,523,219)$ 15%12%14%19%10%8% 7.2 132 Table 5TotalReal PropertyTotalDirectEstimatedFiscalCommercial PersonalTaxableTaxActualYear Residential Apartments Industrial Property Market ValueRateMarket Value2012 1,019,240,647$ 100,691,000$ 161,022,000$ 11,783,600$ 1,292,737,247$ 52.929 1,457,765,100$ 88.86 %2013 864,841,494 100,076,440 159,257,200 12,586,700 1,136,761,834 57.630 1,311,691,400 86.662014 864,287,852 101,813,000 156,849,300 12,661,700 1,135,611,852 56.015 1,440,635,800 78.832015 1,020,212,713 104,420,800 155,744,300 13,315,900 1,293,693,713 50.498 1,484,886,100 87.122016 1,153,327,871 154,241,560 159,609,700 13,517,900 1,480,697,031 53.207 1,620,984,300 91.352017 1,280,234,014 167,116,280 174,031,700 13,922,200 1,635,304,194 50.360 1,767,035,000 92.552018 1,405,036,164 178,406,933 180,514,900 15,766,500 1,779,724,497 50.416 1,782,801,500 99.832019 1,542,818,000 208,112,000 200,365,100 15,983,900 1,967,279,000 48.771 1,919,021,800 102.512020 1,618,265,550 227,997,580 225,005,300 16,559,700 2,087,828,130 46.785 2,122,999,500 98.342021 1,819,253,404 204,798,000 220,666,200 16,834,900 2,261,552,504 48.371 2,213,904,900 102.152022 2,114,867,226 222,797,000 229,864,100 11,918,600 2,579,446,926 46.317 2,402,167,100 107.38Source: Hennepin County report Market Value and Tax Capacity Growth By City. Total TaxableCity of CrystalTaxable and Estimated Market Values of Taxable PropertyLast Ten Fiscal Years(unaudited)Market Valueas a Percentof EstimatedActualMarket Value7.2 133 Property Tax Rates -Direct and Overlapping GovernmentsLast Ten Fiscal Years(unaudited)Table 6TotalTotal Crystal RobbinsdaleCityTax Debt Service ISD #281 TotalBasicG.O. Direct Robbinsdale Hennepin Special Capacity Market Market OverlappingRate HRA Debt Service Tax Rate ISD #281 County Districts * Tax Rate Value Rate Value Rate Tax Rate48.219 1.588 3.122 52.929 32.810 48.231 9.523 143.493 0.015 0.276 143.78452.520 1.480 3.630 57.630 32.347 49.461 10.089 149.527 0.016 0.297 149.84051.268 1.241 3.506 56.015 34.777 49.959 10.561 151.312 0.016 0.303 151.63149.100 1.398 0.000 50.498 33.226 46.398 9.785 139.907 0.015 0.285 140.20751.831 1.376 0.000 53.207 33.833 45.356 9.530 141.926 0.014 0.282 142.22248.949 1.411 0.000 50.360 31.612 44.087 9.319 135.378 0.013 0.250 135.64149.168 1.248 0.000 50.416 31.957 42.808 8.973 134.154 0.000 0.234 134.38847.553 1.218 0.000 48.771 29.909 41.861 8.550 129.091 0.000 0.266 129.35746.785 1.070 0.000 47.855 26.447 41.084 8.219 123.605 0.000 0.250 123.85548.371 1.136 0.000 49.507 25.529 38.210 7.813 121.059 0.000 0.241 121.30046.317 1.056 0.000 47.373 26.507 38.535 7.849 120.264 0.000 0.216 120.480Note Information reflects total tax rates levied by each entity. Tax rates are expressed in terms of "net tax capacity."A property's tax capacity is determined by multiplying its taxable market value by a state-determined class rate.Class rates vary by property type and change periodically based on state legislation.* Includes Metropolitan Council, Metropolitan Transit, Metropolitan Mosquito Control, Hennepin Parks, Park Museum,and the Hennepin County Regional Railroad Authority.Source: Hennepin County2022FiscalCity Direct Tax RatesCity of Crystal2021202020192018201720162015201420132012Year7.2 134 Table 7Tax TaxTaxpayer Type of Property Capacity * Rank Capacity * RankCNTRL CRYSTAL VILL LLC ETAL Apartments 669,001$ 1 2.64 %MN-CRYSTAL CENTER-HA LLC Shopping Center 507,250 2 2.00MINNESOTA SENIOR LIVING LLC Apartments 336,325 3 1.33CEDARWOOD INVESTORS LLC Apartments 274,175 4 1.08SMITH-STURM INV WINNETKA VLG Apartments 241,363 5 0.95 130,888$ 5 1.01 %WINPARK ONE TWO LLC Industrial 240,610 6 0.95 126,250 7 0.97CRYSTAL GALLERY DEVELOPERS Shopping Center 208,650 7 0.82CRYSTAL LEASED HSG ASCTS I Housing 171,781 8 0.68TARGET CORPORATION Department Store 170,030 9 0.67 188,250 2 1.45CRYSTAL MEDICAL BUILDING LLC Office/Clinic 167,850 10 0.74 105,425 9 0.81CRYSTAL SHOPPING CTR ASSOC Shopping Center 389,250 1 3.00CRYSTAL VILLAGE APARMT LLC Apartments 171,301 3 1.32SUPERVALU INC Grocery Store 161,250 4 1.24CALIBRE CHASE PTNRS LTD PTN Apartments 128,750 6 0.99BASS LK RD RETAIL ASSOC LLP Office/Warehouse 109,770 8 0.85INDUSTRIAL EQUITIES GRP LLC Apartments 93,090 10 0.722,987,035$ 11.79 % 1,604,224$ 12.38 %Total City of Crystal Tax Capacity 25,325,627$ 12,963,259$ * Tax Capacity is computed by applying class rate percentages, specific to each type of property classification, against Taxable Market Value. Class rate percentages vary depending upon the type of property. The formulas and class rates for converting Taxable Market Value into Tax Capacity represent a basic element of the Minnesota property tax system and are subject to annual revisions by the State.Source: Hennepin CountyCapacity20222013City of CrystalPrincipal Property Taxpayers Current Year and Nine Years Ago(unaudited)Percentageof Total TaxCapacityPercentageof Total Tax 7.2 135 Table 8Current Delinquent Total OutstandingFiscal Tax Tax Tax Tax DelinquentYearLevy CollectionsCollections CollectionsTaxes20129,258,402$ 9,139,252$ 98.71 %119,150$ 9,258,402$ 100.00 %-$ 0.00 %20139,159,895 9,090,92799.2568,968 9,159,895 100.00- 0.0020149,217,153 9,144,39999.2172,754 9,217,153 100.00- 0.0020159,288,837 9,217,08999.2365,983 9,283,072 99.915,765 0.0920169,954,054 9,871,60899.1779,990 9,951,598 99.962,456 0.04201710,606,338 10,538,86899.3659,692 10,598,560 99.887,778 0.12201811,172,069 11,093,85299.3063,214 11,157,066 99.8015,003 0.20201911,343,132 11,272,12799.3747,044 11,319,171 99.5023,961 0.50202012,367,416 12,257,75699.11- 12,278,726 99.2888,690 0.01 202113,137,587 13,035,18899.22- 13,068,517 99.4769,070 0.01 202213,829,480 13,733,73999.31- 13,772,786 99.5956,694 0.00 Source: City of Crystal Finance Department records a % ofCity of CrystalProperty Tax Levies and CollectionsLast Ten Fiscal Years(unaudited)Percentageof LevyCollected Tax Levy Tax LevyTotalCollectionsas a % ofDelinquentTaxes as 7.2 136 2013 2014 2015 2016 Taxable market value - amounts 1,135,611$ 1,293,694$ 1,339,237$ 1,482,067$ expressed in thousands Debt limit (3% of taxable market value)34,068,000$ 38,811,000$ 40,177,000$ 44,462,000$ Less debt applicable to debt limit Total bonded debt 15,926,532 13,740,062 15,099,795 15,900,940 Deductions - Tax increment bonds - - - - Special assessment bonds 14,191,612 12,559,803 14,083,544 15,050,000 14,191,612 12,559,803 14,083,544 15,050,000 Total debt applicable to debt limit 1,734,920 1,180,259 1,016,251 850,940 Legal debt margin 32,333,080$ 37,630,741$ 39,160,749$ 43,611,060$ Total debt applicable to the debt limit as a percentage of the debt limit 5.1%3.0%2.5%1.9% Source: City of Crystal Finance Department records City of Crystal Legal Debt Margin Information Last Ten Fiscal Years (unaudited) 7.2 137 Table 9 2017 2018 2019 2020 2021 2022 1,637,892$ 1,637,892$ 1,967,279$ 2,087,828$ 2,261,552,504$ 2,579,446,926$ 49,137,000$ 49,137,000$ 59,018,000$ 62,635,000$ 67,846,575,000$ 77,383,408,000$ 19,068,514 17,700,339 15,970,984 12,882,262 11,409,757 10,000,107 - - - - - - 18,600,000 17,260,000 15,560,000 12,470,000 11,060,000 9,690,000 18,600,000 17,260,000 15,560,000 12,470,000 11,060,000 9,690,000 468,514 440,339 410,984 412,262 349,757 310,107 48,668,486$ 48,696,661$ 58,607,016$ 62,222,738$ 67,846,225,243$ 77,383,097,893$ 1.0% 0.9% 0.7% 0.7% 0.0% 0.0% 7.2 138 City of CrystalLast Ten Fiscal Years(unaudited)Table 10G.O. G.O.Tax Special G.O. TotalG.O. Increment Assessment Notes Primary PerBondsBondsBondsPayable GovernmentCapita1,741,221$ -$ 11,768,751$ 35,081$ 13,545,053$ 1.05 % 1.03 %604$ 1,734,920- 14,191,612- 15,926,532 1.401.167031,180,259- 12,559,803- 13,740,062 1.210.966121,016,251- 14,083,544- 15,099,795 1.171.01661850,940- 15,281,867- 16,132,807 1.091.05706- - 19,068,514- 19,068,514 1.171.17832- - 17,700,339- 17,700,339 0.991.07760- - 15,970,984- 15,970,984 0.810.87649- - 12,852,362- 12,852,362 0.620.72553- - 11,409,757- 11,409,757 0.500.62494- - 10,000,107- 10,000,107 0.390.55439Sources: Outstanding Debt - City of Crystal Finance Department RecordsTaxable Market Value - Hennepin County Assessor DepartmentPersonal income - U.S. Department of Commerce, Bureau of Economic AnalysisPopulation - U.S. Census Bureau for census years and estimates by Metropolitan Council for non-census yearsPercentageof TaxableMarketValuePersonalIncome2012FiscalYearRatios of Outstanding Debt by TypeGovernmentalActivities202120202019201820172016201520142013Percentageof 2022 7.2 139 Table 11 Less Amount Restricted G.O. for Debt Per Bonds Service Total Capita 1,741,221$ 291,284$ 1,449,937$ 0.11 % 64.68$ 1,734,920 294,217 1,440,703 0.13 63.62 1,180,259 455,740 724,519 0.06 32.29 1,016,251 456,775 559,476 0.04 24.48 - 298,069 (298,069) 0.04 (13.04) - - - 0.00 - - - - 0.00 - - - - 0.00 - - - - 0.00 - - - - 0.00 - - - - 0.00 - Note: Details regarding the city's outstanding debt can be found in the notes to the financial statements. Sources: The amount of G.O. bonds is from Table 9 - Legal Debt Margin Information The amount Restricted for Debt Service is the sum of fund balances for applicable issues Property value data is from Table 5 - Taxable and Estimated Market Values Of Taxable Property Population data is from Table 13 - Demographic and Economic Statistics 2019 2020 2021 Percentage of Taxable Market Value of Property 2022 Ratios of General Bonded Debt Outstanding City of Crystal Last Ten Fiscal Years (unaudited) Fiscal Year 2012 2013 2014 2015 2016 2017 2018 7.2 140 City of Crystal Direct and Overlapping Governmental Activities Debt As of December 31, 2022 (unaudited) Table 12 Net General Obligation Amount Bonded Debt Applicable To Jurisdiction Outstanding Government Direct - City of Crystal 10,000,107$ 100.00 % 10,000,107$ Overlapping - Robbinsdale ISD #281 188,583,455 19.47 36,717,199 Hennepin County 1,018,886,023 1.09 11,105,858 Hennepin Suburban Park District 47,650,901 1.52 724,294 Hennepin Regional RR Authority 85,464,798 1.09 931,566 Metropolitan Council / Transit 83,059,397 0.59 490,050 1,423,644,574 49,968,967 Total 1,433,644,681$ 59,969,074$ * Overlapping governments are those that coincide, at least in part, with the geographic boundaries of the City of Crystal. This schedule estimates the portion of the outstanding debt of those overlapping governments that is borne by the residents and businesses of the City of Crystal. This process recognizes that, when considering the City of Crystal's ability to issue and repay long-term debt, the entire debt burden borne by the residents and businesses should be taken into account. The percentage of overlapping debt is estimated using tax capacity. Applicable percentages were estimated by determining the portion of each overlapping government's tax capacity within the City of Crystal's boundaries and dividing it by that government's total tax capacity. Source: City of Crystal Finance Department records and Hennepin County Percentage Government * Applicable To 7.2 141 Table 13 Per Capita Total City District-Wide Personal Personal School Population Income Income Enrollment 22,645 60,601$ 1,372,309,645$ 11,827 5.2 % 22,436 63,901 1,433,682,836 11,821 4.3 22,852 65,231 1,490,658,812 12,690 3.7 22,855 67,427 1,541,044,085 12,630 3.7 22,929 71,067 1,629,495,243 12,011 3.4 23,287 74,698 1,739,492,326 11,957 2.8 24,591 76,552 1,882,490,232 12,553 3.4 23,262 76,552 1,780,752,624 12,397 5.5 23,083 79,183 1,827,781,189 11,692 3.0 22,791 79,183 1,804,659,753 11,362 2.8 Sources:Population - U.S. Census Bureau for census years and estimates by Metropolitan Council for non-census years. Per capita personal income - U.S. Department of Commerce, Bureau of Economic Analysis. The per capita personal income used is that for Hennepin County, MN, in which the City resides. It is the smallest region applicable to the City that this information is available for. The current year is reported same as the prior year due to data not yet being available at the time this report was prepared. Total City personal income - These estimated amounts are derived by multiplying the per capita personal income amount by the City's population for each applicable year. District-wide school enrollment - Counts are provided by Robbinsdale ISD #281 as of December 31 of each year. ISD #281 serves households in all or parts of Crystal, Brooklyn Center, Brooklyn Park, Golden Valley, New Hope, Plymouth and Robbinsdale. Unemployment rate - Minnesota Department of Employment and Economic Development. Rates are an adjusted yearly average. 2020 2021 Unemployment Rate 2022 Year 2013 2014 2015 2016 2017 2018 2019 City of Crystal Demographic and Economic Statistics Last Ten Fiscal Years (unaudited) Fiscal 7.2 142 Table 14 Number of Number of Employer Employees Rank Employees Rank Volunteers of America - Crystal Care Center 200 1 5.01 % 218 1 5.23 % Target 185 2 4.64 182 2 4.37 Cub Foods 156 3 3.91 173 3 4.15 City of Crystal 101 4 2.53 101 4 2.42 Kilmer Electric Co., Inc. 96 5 2.41 Buffalo Wild Wings 65 6 1.63 60 9 1.44 Almsted's Crystal Super Value 60 7 1.50 70 7 1.68 McDonald's 44 8 1.10 Minnesota Grinding 40 9 1.00 Perkins 37100.93 46101.10 RFG Distributing 100 5 2.40 Kilmer Electric Co., Inc. 70 6 1.68 Metropolitan Transportation Network Inc. 65 8 1.56 984 24.66 % 1,085 26.03 % Estimated total employment 3,991 4,166 Sources: Principal employers are a result of telephone surveys of employers by Baker Tilly US, LLP., in conjunction with city bond sales from 2017. Estimated Total Employment is per Met Council Percentage of Total City Employment 2022 2013 City of Crystal Prinicpal Employers Current Year and Nine Years Ago (unaudited) Percentage of Total City Employment 7.2 143 Table 15Function 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022General Government 11 11 11 11 9 9 11 11 11 11Public Safety Police Officers 28 27 30 30 33 33 34 34 34 35Civilians 6544558896Public Works Engineering 3333333334Maintenance 8888881111118Parks and Recreation Park maintenance 6666667777Recreation 5556558876Community Development 6776777766Utilities Water/Sanitary Sewer/Storm Drainage 9 9 9 10 10 10 9 9 10 982 81 83 84 86 86 98 98 98 92Source: City of Crystal Finance Department recordsCity of CrystalFull-Time City Government Employees By Function Last Ten Fiscal Years(unaudited) 7.2 144 2013 2014 2015 2016 2017 2018 General Government Administration Employee recruitments 19 22 26 17 20 15 Licenses issued 1,262 1,333 1,294 1,323 954 840 Public Safety Police Calls for service 31,624 34,362 31,077 30,860 27,296 32,863 Citations issued 6,622 6,230 5,798 5,771 4,710 4,465 Criminal cases investigated 1,123 1,172 1,208 1,372 1,362 1,525 Total arrests 925 767 859 926 826 906 Animal control incidents 469 447 457 509 391 303 Dog licenses issued 219 258 298 278 223 195 Fire (West Metro Fire-Rescue District) Calls for service 1,448 1,663 1,514 1,573 1,922 1,856 Inspections, plan reviews and consultations 747 808 824 746 880 691 Public Works Miles of streets sealcoated 5***00 Miles of streets reconstructed 605550 Phase of 16-phase street project Phase 13 Phase 14 Phase 15 Phase 16 Parks and Recreation Recreation program participants 10,600 13,847 12,149 11,082 11,623 13,615 No. of teams in team sports 212 212 216 249 228 246 No. of participants in special events 3,897 5,425 4,542 5,382 4,690 6,292 No. of rental groups 229 218 201 **** ** No. of facility rentals ** ** ** 711 1,022 970 Community Center permits 684 680 671 862 957 776 Pool attendance 30,009 28,042 28,092 26,769 27,098 30,350 Community Development Permit inspections 2,868 2,779 2,771 2,430 2,835 2,704 Code enforcement incidents 1,332 1,482 1,539 1,514 1,405 1,317 Rental housing - no. of licensed units 2,788 2,859 2,548 2,915 2,831 2,715 Point of sale inspections/re-inspections 468 442 404 13 13 *** Planning Commission applications 16 12 6 12 11 13 Utilities Water system Average residential consumption (million gallons / day)1.34 Mg/d 1.26 Mg/d 1.22 Mg/d 1.20 Mg/d 1.60 Mg/d 1.40 Mg/d * The sealcoat program was phased out after 2013. Mill and overlay will be used going forward. ** Effective 2016, it was determined that number of facility rentals was a better measure of reporting than number of rental groups. Only that indicator will be presented on a prospective basis. *** The point of sale program was phased out in 2015-2016. Source: Various city departments Function City of Crystal Operating Indicators By Function Last Ten Fiscal Years (unaudited) 7.2 145 Table 16 2019 2020 2021 2022 23 9 13 20 850 807 802 821 30,216 26,568 32,338 37,203 2,588 2,940 2,982 1,667 217 217 2,897 2,995 756 711 475 1,005 245 295 290 318 2000 840 781 890 959 428 675 1,260 1,327 0004 0 0 0 0.38 19,277 2,465 15,884 17,987 232 162 177 192 5,039 400 8,747 5,380 ** ** ** ** 755 296 885 623 884 677 792 1,131 26,631 0 14,870 14,261 3,262 3,034 3,683 3,573 1,583 1,294 1,288 1,277 2,702 2,736 2,725 2,713 *** *** *** *** 86710 1.40 Mg/d 1.21 Mg/d 1.21 Mg/d 1.21 Mg/d 7.2 146 2013 2014 2015 2016 2017 Public Safety Police Number of stations 1 1 1 1 1 Public Works Street maintenance Miles of city street 91 91 91 90 90 Parks and Recreation Recreation Number of park acres 253 253 253 263 263 Number of parks 2828282727 Number of parks with playground apparatus 20 20 20 19 19 Number of tennis courts 12 12 12 7 7 Number of outdoor pickleball courts Number of supervised ice skating rinks Hockey 44443 General use 3 3 3 3 2 Number of baseball fields General use 2 2 2 2 2 Grogan Park (Little League) Fields 3 3 3 3 3 Number of softball fields Reservable 77777 Non-reservable (neighborhood park backstop) 15 15 10 7 7 Number of full-size soccer fields 2 2 2 2 2 CoNumber of skateboard parks 1 1 1 1 1 W Number of centers 1 1 1 1 1 Number of facilities 11111 Utilities Water system Miles of water main (owned by city)90 90 90 90 93 Number of service connections 7,812 7,817 7,830 7,841 7,841 Number of fire hydrants 821 821 823 823 797 Sewer system Miles of sanitary sewer 8787878787 Number of service connections 7,827 7,837 7,845 7,855 7,855 Number of lift stations 7 7 7 7 7 Storm drainage system Miles of storm sewer 7476767765 Number of lift stations 1 1 1 1 1 Note: No capital asset indicators are available for the general government and community development functions. Source: Various city departments City of Crystal Capital Asset Statistics By Function Last Ten Fiscal Years (unaudited) Function 7.2 147 Table 17 2018 2019 2020 2021 2022 11111 90 88 91 91 91 261 261 261 261 261 26 26 26 26 26 19 19 19 19 19 77663 8 33444 22443 22222 33333 55555 77444 21111 11111 11111 11111 93 93 93 93 93 7,849 7,856 8,010 8,010 8,010 797 859 798 798 798 87 87 87 87 87 7,863 7,863 8,129 8,129 8,129 77777 65 65 66 66 66 11111 7.2 City of Crystal Hennepin County, Minnesota Communications Letter December 31, 2022 7.2 City of Crystal Table of Contents Report on Matters Identified as a Result of the Audit of the Basic Financial Statements 1 Significant Deficiency 3 Required Communication 4 Financial Analysis 9 Emerging Issues 20 7.2 1 Report on Matters Identified as a Result of the Audit of the Basic Financial Statements Honorable Mayor and Members of the City Council City of Crystal Crystal, Minnesota In planning and performing our audit of the basic financial statements of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of the City of Crystal, Minnesota, as of and for the year ended December 31, 2022, 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 the City's internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City's internal control. Accordingly, we do not express an opinion on the effectiveness of the City's internal control 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 material weaknesses or significant deficiencies and, therefore, material weaknesses or significant deficiencies may exist that have not been identified. In addition, because of inherent limitations in internal control, including the possibility of management override of controls, misstatements due to error, or fraud may occur and not be detected by such controls. However, as discussed below, we identified a certain deficiency in internal control that we consider to be a significant deficiency. 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 City's basic 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 did not identify any deficiencies in internal control that we consider to be material weaknesses. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. The significant deficiency identified is stated within this letter. 7.2 2 The accompanying memorandum also includes financial analysis and recommendations for improvement of accounting procedures and internal control measures that came to our attention as a result of our audit of the basic financial statements of the City, for the year ended December 31, 2022. The matters discussed herein were considered by us during our audit and they do not modify the opinion expressed in our Independent Auditor's Report dated May 25, 2023, on such statements. This communication, which is an integral part of our audit, is intended solely for the information and use of the Members of the City Council and management and others within the City and state oversight agencies and is not intended to be, and should not be, used by anyone other than these specified parties. Minneapolis, Minnesota May 25, 2023 7.2 3 City of Crystal Significant Deficiency Lack of Segregation of Accounting Duties The City had a lack of segregation of accounting duties due to a limited number of office employees. Management is aware of this condition and has taken certain steps to compensate for the lack of segregation. However, due to the number of staff needed to properly segregate all of the accounting duties, the cost of obtaining desirable segregation of accounting duties can often exceed benefits which could be derived. Management has determined a complete segregation of accounting duties is impractical to correct. We have audited the financial statements of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of the City as of and for the year ended December 31, 2022. Professional standards require that we advise you of the following matters related to our audit. 7.2 City of Crystal Required Communication 4 We have audited the basic financial statements of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information of the City as of and for the year ended December 31, 2022. Professional standards require that we advise you of the following matters related to our audit. Our Responsibility in Relation to the Financial Statement Audit As communicated in our engagement letter, our responsibility, as described by professional standards, is to form and express opinions about whether the basic financial statements 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. Our audit of the basic financial statements does not relieve you or management of its 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 basic financial statements are free of material misstatement. An audit of the basic financial statements includes consideration 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 City's internal control over financial reporting. Accordingly, as part of our audit, we considered the internal control of the City 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 judgement, 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. Generally accepted accounting principles provide for certain Required Supplementary Information (RSI) to supplement the basic financial statements. Our responsibility with respect to the RSI, which supplements the basic financial statements, is to apply certain limited procedures in accordance with generally accepted auditing standards. However, the RSI was not audited and, because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance, we do not express an opinion or provide any assurance on the RSI. Our responsibility for the supplementary information accompanying the basic financial statements, as described by professional standards, is to evaluate the presentation of the supplementary information in relation to the basic financial statements as a whole and to report on whether the supplementary information is fairly stated, in all material respects, in relation to the basic financial statements as a whole. Our Responsibility in Relation to Government Auditing Standards As communicated in our engagement letter, part of obtaining reasonable assurance about whether the basic financial statements are free of material misstatement, we performed tests of the City's compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of basic financial statement amounts. However, the objective of our tests was not to provide an opinion on compliance with such provisions. 7.2 City of Crystal Required Communication 5 Our Responsibility in Relation to Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) As communicated in our engagement letter, in accordance with the Uniform Guidance, we examined on a test basis, evidence about the City's compliance with the types of compliance requirements described in the U.S. Office of Management and Budget (OMB) Compliance Supplement applicable to each of its major federal programs for the purpose of expressing an opinion on the City's compliance with those requirements. While our audit provided a reasonable basis for our opinion, it did not provide a legal determination on the City's compliance with those requirements. In planning and performing our audit of compliance, we considered the City's internal control over compliance with the types of requirements that could have a direct and material effect on each major federal program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance for each major federal program and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Planned Scope and Timing of the Audit We conducted our audit consistent with the planned scope and timing we previously communicated to you. 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. Significant Risks Identified We have identified the following significant risks of material misstatement:  Management Override of Controls – Management override of internal control is considered a risk in substantially all engagements as management may be incentivized to produce better results.  Misappropriation of Assets – If duties cannot be appropriately segregated, there is a risk of unauthorized disbursements being made by the City. In addition, generally this results in less review taking place as transactions are recorded in the financial statements.  Improper Revenue Recognition – Revenue recognition is considered a fraud risk on substantially all engagements as it generally has a significant impact on the results of the government's operations. In addition, complexities exist surrounding the calculation and recording of various revenue sources. Qualitative Aspects of the City'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 the notes to basic financial statements. There have been no initial selection of accounting policies and no changes to significant accounting policies or their application during 2022. 7.2 City of Crystal Required Communication 6 Qualitative Aspects of the City's Significant Accounting Practices (Continued) Significant Accounting Policies (Continued) 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 Accounting estimates are an integral part of the basic financial statements prepared by management and are based on management's current judgements. Those judgements 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 basic financial statements and because of the possibility that future events affecting them may differ markedly from management's current judgements. The most sensitive estimates affecting the basic financial statements relate to: Depreciation and Amortization – The City is currently depreciating and amortizing its capital assets over their estimated useful lives, as determined by management, using the straight-line method. Expense Allocation – Certain expenses are allocated to programs based on an estimate of the benefit to that particular program. Examples are salaries, benefits, and supplies. Total Other Post Employment Benefits (OPEB) Liability, Deferred Outflows of Resources Related to OPEB and Deferred Inflows of Resources Related to OPEB – These balances are based on an actuarial study using the estimates of future obligations of the City for post employment benefits. Net Pension Liability, Deferred Outflows of Resources Related to Pensions and Deferred Inflows of Resources Related to Pensions – These balances are based on an allocation by the pension plans using estimates based on contributions. We evaluated the key factors and assumptions used to develop the accounting estimates and determined that they are reasonable in relation to the basic financial statements taken as a whole and in relation to the applicable opinion units. Financial Statement Disclosures Certain basic financial statement disclosures involve significant judgment and are particularly sensitive because of their significance to financial statement users. The basic financial statement disclosures are neutral, consistent, and clear. Significant Difficulties Encountered during the Audit We encountered no significant difficulties in dealing with management relating to the performance of the audit. 7.2 City of Crystal Required Communication 7 Uncorrected and Corrected Misstatements For the purposes of this communication, professional standards 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. Further, professional standards require us to also communicate the effects of uncorrected misstatements related to prior periods on the relevant classes of transactions, account balances or disclosures, and the basic financial statements taken as a whole and each applicable opinion unit. Management has corrected all such misstatements. 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. None of the misstatements detected as a result of audit procedures and corrected by management were material, either individually or in the aggregate, to the basic financial statements taken as a whole. 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 the City's basic financial statements or the auditor's report. No such disagreements arose during the course of our audit. Representations Requested from Management We have requested certain written representations from management, which are included in the management representation letter. Management's Consultations with Other Accountants In some cases, management may decide to consult with other accountants about auditing and accounting matters. Management has 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 the City, 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 City, 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 the City's auditor. Other Information Included in Annual Reports Pursuant to professional standards, our responsibility as auditors for other information, whether financial or nonfinancial, included in the City's annual reports, does not extend beyond the information identified in the audit report, and we are not required to perform any procedures to corroborate such other information. We applied certain limited procedures to the RSI that supplements the basic financial statements. Our procedures consisted of inquiries of management regarding the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We did not audit the RSI and do not express an opinion or provide any assurance on the RSI. 7.2 City of Crystal Required Communication 8 Other Information Included in Annual Reports (Continued) With respect to the supplementary information accompanying the financial statements, we made certain inquiries of management and evaluated the form, content and methods of preparing the information to determine that the information complies with accounting principles generally accepted in the United States of America, the method of preparing it has not changed from the prior period, and the information is appropriate and complete in relation to our audit of the financial statements. We compared and reconciled the supplementary information to the underlying accounting records used to prepare the basic financial statements or to the basic financial statements themselves. Our responsibility also includes communicating to you any information which we believe is a material misstatement of fact. Nothing came to our attention that caused us to believe that such information, or its manner of presentation, is materially inconsistent with the information, or manner of its presentation, appearing in the basic financial statements. 7.2 City of Crystal Financial Analysis 9 The following pages provide graphic representation of select data pertaining to the financial position and operations of the City for the past five years. Our analysis of each graph is presented to provide a basis for discussion. General Fund At December 31, 2022, the General Fund balance was $6,512,093, a decrease of 16.2%, or $1,257,445, from the 2021 balance. The components of fund balance for the General Fund and fund balance as a percent of subsequent years' budget are depicted in the graphs below and on the following page. $6,181,591 $6,123,392 $7,405,222 $6,765,565 $5,558,799 $774,914 $801,503 $926,030 $957,521 $917,956 $23,941 $71,541 $26,398 $46,452 $35,338 $- $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 $9,000,000 2018 2019 2020 2021 2022 General Fund Balance Unassigned Committed for Compensated Absences Nonspendable 7.2 City of Crystal Financial Analysis 10 General Fund (Continued) The City adopted a budget for 2023 which called for an increase in expenditures and other financing uses of 6.1%, or $1,034,391, compared to the 2022 budget. Fund balance at December 31, 2022, as a percentage of this budget is shown in the chart below. It is the City's policy to maintain unassigned fund balance equal to 45% of the General Fund budget for the subsequent year. 43% 41% 44% 40% 31% 49% 47% 50% 45% 36% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% 55% 2018 2019 2020 2021 2022 Fund Balance as a Percentage of Budget Unassigned Fund Balance Total Fund Balance 7.2 City of Crystal Financial Analysis 11 General Fund (Continued) For the 2022 operating year, the City Council approved a balanced budget anticipating no change in fund balance. Revenues were under budget by 2.4% and expenditures were 5.2% over budget. General Fund Budget Actual Variance Percentage Revenue Taxes and assessments 12,638,094$ 12,516,120$ (121,974)$ -1.0% Intergovernmental 1,777,489 1,927,302 149,813 8.4% Licenses, permits, fines, and charges for services 1,988,463 1,889,368 (99,095) -5.0% Other 194,350 (127,533) (321,883) -165.6% Total revenues 16,598,396 16,205,257 (393,139) -2.4% Expenditures General government 2,353,191 2,424,851 71,660 3.0% Public safety 8,515,725 9,082,619 566,894 6.7% Public works 1,831,320 1,873,638 42,318 2.3% Parks and recreation 3,660,513 3,869,267 208,754 5.7% Community development $742,832 $735,304 (7,528) -1.0% Total expenditures 17,103,581 17,985,679 882,098 5.2% Excess of revenues under expenditures (505,185) (1,780,422) (1,275,237) 252.4% Net other financing sources (uses) 505,185 522,977 17,792 3.5% Change in fund balance - (1,257,445) (1,257,445) N/A Beginning fund balance 7,769,538 7,769,538 - N/A Ending fund balance 7,769,538$ 6,512,093$ (1,257,445)$ -16.2% General fund revenues in total came in $393,139 under budgeted amounts. The largest budget variance for revenue was in the other revenue category, which was $321,883 under budget due in large part to investment income coming in well under budgeted amounts. Revenue for taxes and assessments was $121,974 under budget based on collections from those sources. These variances were partially offset by the intergovernmental category being over budget by $149,813 as the City received funding over anticipated amounts for police and fire state aids along with grants from federal sources. Total general fund expenditures were $882,098 over budget for 2022. Public safety was $566,894 over budget related to higher than anticipated expenditures for salaries and benefits, vehicle repairs and maintenance, operating supplies, and professional services. Parks and recreation expenditures were $208,754 over budget due in part to salaries and benefits, operating supplies, and utility costs coming in higher than budgeted. Other categories came in relatively close to budgeted expenditures. 7.2 City of Crystal Financial Analysis 12 General Fund Revenues The chart below shows the City's revenues by source for the last five years. Total revenues of $16,205,257 in 2022 increased from $15,600,575 in 2021. The largest increase of $436,388 occurred in property taxes due to an increase in the amount of property tax levied for the General Fund for the year. Charges for services increased by $207,830 due to additional police services provided along with additional recreation program activity. Intergovernmental revenue increased $129,551 based on the additional police and fire aid and federal funding. The other revenue category decreased by $145,334 as a result of investment earnings being down in 2022 compared to 2021. 2018 2019 2020 2021 2022 Other $435,116 $493,544 $454,977 $229,628 $84,294 Charges for Services 818,999 808,321 332,551 646,189 854,019 Licenses and Permits 740,192 835,712 676,382 874,706 850,953 Intergovernmental 1,860,929 1,907,763 3,637,704 1,797,751 1,927,302 Property Taxes 9,499,766 9,690,226 11,407,848 12,052,301 12,488,689 $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000 General Fund Revenues 7.2 City of Crystal Financial Analysis 13 General Fund Expenditures The pie charts below show the breakdown of expenditures in the General Fund for the last two years. The allocation of expenditures by function was nearly identical between 2021 and 2022. General Government 13% Public Safety 51%Public Works 10% Parks and Recreation 22% Community Development 4% 2022 General Fund Expenditures General Government 13% Public Safety 51%Public Works 11% Parks and Recreation 21% Community Development 4% 2021 General Fund Expenditures 7.2 City of Crystal Financial Analysis 14 General Fund Expenditures (Continued) General Fund expenditures increased $1,317,481, or 7.9%, from the prior year. Public safety expenditures increased $603,882 with higher salary and benefit costs based on staffing, building internal service fund charges, operating supply needs, and training costs. Parks and recreation expenditures increased $362,344 due increased salary and benefit expenditures, repair and maintenance needs, and utility costs. General government expenditures increased $181,397 due in part to additional expenditures associated with elections along with greater professional service costs. Expenditures for public works increased $112,275 with additional salaries and benefits, repair and maintenance expenditures, and operating supply costs. 2018 2019 2020 2021 2022 Community Development $565,170 $557,867 $670,574 $677,721 $735,304 Parks and Recreation 2,457,539 2,668,952 2,895,125 3,506,923 3,869,267 Public Works 1,391,736 1,411,680 1,549,456 1,761,363 1,873,638 Public Safety 6,971,706 7,335,302 8,263,068 8,478,737 9,082,619 General Government 2,464,910 2,234,884 2,244,492 2,243,454 2,424,851 $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000 $20,000,000 General Fund Expenditures 7.2 City of Crystal Financial Analysis 15 Water Enterprise Fund Activity for the City's Water Fund is shown below. Water operating revenues increased $247,154 as a result of an increase in rates along with increased consumption. Operating expenses increased $100,292 compared to 2021 with a noted increases for water charges and pension expense recognized in 2022. The Water Fund ended the year with an operating income of $1,494,112, which was an increase of $146,862 from 2022. Net income includes nonoperating revenues and expenses and was the highest in 2022 of the five years presented. 2018 2019 2020 2021 2022 Operating revenue $3,518,119 $3,707,733 $4,442,177 $5,060,454 $5,307,608 Operating expense 3,097,211 3,087,624 3,356,825 3,713,204 3,813,496 Net income with depreciation 560,131 828,645 1,382,389 1,532,831 1,700,832 Net income without depreciation 790,222 973,625 1,540,078 1,701,056 1,892,097 $- $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 Water Utility 7.2 City of Crystal Financial Analysis 16 Sanitary Sewer Enterprise Fund Sewer operating revenues increased $249,951 due to increased billing rates and an increase in the number of billing units. Operating expenses decreased $73,382 due to decreased charges associated with utility systems compared to 2021. The Sanitary Sewer Fund's operating income was $695,696 and increased $323,333 from 2021. Operating income has increased in each of the past five years. Net income includes nonoperating revenues and expenses and was the highest in 2022 of the five years presented. 2018 2019 2020 2021 2022 Operating revenue $2,584,087 $2,446,851 $2,683,373 $3,114,385 $3,364,336 Operating expense 2,486,143 2,164,837 2,317,049 2,742,022 2,668,640 Net income with depreciation 135,797 345,434 489,141 424,580 688,252 Net income without depreciation 322,363 450,495 622,484 577,443 865,078 $- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 Sanitary Sewer Utility 7.2 City of Crystal Financial Analysis 17 Storm Drainage and Street Lights Enterprise Funds 2018 2019 2020 2021 2022 Operating revenue $1,335,334 $1,226,403 $1,272,283 $1,310,107 $1,365,681 Operating expense 759,180 1,539,162 725,016 817,652 937,050 Net income with depreciation 599,616 2,092,174 683,715 480,414 387,410 Net income without depreciation 967,746 2,384,919 1,028,968 896,206 850,096 $- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 Storm Drainage Utility 2018 2019 2020 2021 2022 Operating revenue $195,324 $194,950 $193,029 $194,537 $195,555 Operating expense 152,301 151,732 194,991 180,314 205,757 Net income with depreciation 56,358 19,912 28,206 12,557 (25,022) Net income without depreciation 88,575 52,129 60,562 45,107 7,527 $(50,000) $- $50,000 $100,000 $150,000 $200,000 $250,000 Street Lights Utility 7.2 City of Crystal Financial Analysis 18 Per Capita Revenues and Expenditures Below is a chart of the per capita trends in selected revenue and expenditure line items. In 2022, the intergovernmental revenue per capita decreased and finished below the State average from 2021 for similarly sized cities. The property taxes per capita for 2022 increased due to an increase in property tax levy. Property taxes for 2022 came in above the state average. Current expenditures per capita increased in 2022 and were above the state averages. Total expenditures per capita increased in 2022 but remained below state averages. 2021** 2022*** Intergovernmental revenues per capita 202$ 124$ 115$ Property taxes per capita ****557 562 598 Total revenue per capita 1,106 885 876 Expenditures per capita (less debt service and capital)739 753 811 Total expenditures per capita 1,200 960 978 Population 23,330 23,083 * Statewide data obtained from the office of the State Auditor's 2021 Minnesota City Finances Report ** 2021 per capita data uses 2020 population forecast from Metropolitan Council *** 2022 per capital data uses 2021 population forecast from the Metropolitan Council **** Property taxes exclude tax increments Average-Cities 20,000 and 100,000 Per Capita Trends Population City of Crystal Between 2021 Statewide * 7.2 City of Crystal Financial Analysis 19 Tax Capacity, Certified Tax Levy, and City Tax Rate The chart below graphs the tax capacity, certified tax levy, and City tax rate for 2018 through 2022. The tax capacity is based on total tax capacity, prior to adjustments for captured Tax Increment Financing (TIF) and fiscal disparities. The certified tax levy amount is also prior to fiscal disparity adjustments. With market values continuing to climb, the City's tax capacity increased from 2021 to 2022, by $1,968,248, or 8.3%. With taxable market value increasing at a faster rate than the certified levy over the last five years, the City's tax rate has dropped from 49.2% in 2018 to 46.3% in 2022. $18,459,975 $19,967,681 $22,411,718 $23,617,970 $25,586,218 $10,627,889 $11,060,388 $12,084,672 $12,837,587 $13,519,480 49.2%47.6% 46.8%48.4%46.3% -5% 5% 15% 25% 35% 45% 55% 65% $- $3,000,000 $6,000,000 $9,000,000 $12,000,000 $15,000,000 $18,000,000 $21,000,000 $24,000,000 $27,000,000 2018 2019 2020 2021 2022 Tax Capacity, Certified Levy, and City Tax Rate Tax Capacity Certified Tax Levy City Tax Rate * Tax capacity and city tax rate obtained from Hennepin County taxing district information 7.2 City of Crystal Emerging Issues 20 Executive Summary The following is an executive summary of financial related updates to assist you in staying current on emerging issues in accounting and finance. This summary will give you a preview of the new standards that have been recently issued and what is on the horizon for the near future. The most recent and significant updates include:  Accounting Standard Update – GASB Statement No. 96 – Subscription-Based Information Technology Arrangements GASB has issued GASB Statement No. 96 relating to accounting and financial reporting for subscription-based information technology arrangements. The requirements of this Statement will improve financial reporting by establishing a definition for subscription-based information technology arrangements and providing uniform guidance for accounting and financial reporting for transactions that meet that definition.  Accounting Standard Update – GASB Statement No. 100 – Accounting Changes and Error Corrections GASB has issued GASB Statement No. 100 relating to accounting and financial reporting for accounting changes and error corrections. The requirements of this Statement will improve the clarity of the accounting and financial reporting requirements for accounting changes and error corrections, which will result in greater consistency in application in practice. In turn, more understandable, reliable, relevant, consistent, and comparable information will be provided to financial statement users for making decisions or assessing accountability.  Accounting Standard Update – GASB Statement No. 101 – Compensated Absences GASB has issued GASB Statement No. 101 relating to accounting and financial reporting for compensated absences. The unified recognition and measurement model in this Statement will result in a liability for compensated absences that more appropriately reflects when a government incurs an obligation. In addition, the model can be applied consistently to any type of compensated absence and will eliminate potential comparability issues between governments that offer different types of leave. The following are extensive summaries of the current updates. As your continued business partner, we are committed to keeping you informed of new and emerging issues. We are happy to discuss these issues with you further and their applicability to your City. Accounting Standard Update – GASB Statement No. 96 – Subscription-Based Information Technology Arrangements This Statement provides guidance on the accounting and financial reporting for subscription-based information technology arrangements (SBITAs) for government end users (governments). This Statement (1) defines a SBITA; (2) establishes that a SBITA results in a right-to-use subscription asset – an intangible asset – and a corresponding subscription liability; (3) provides the capitalization criteria for outlays other than subscription payments, including implementation costs of a SBITA; and (4) requires note disclosures regarding a SBITA. To the extent relevant, the standards for SBITAs are based on the standards established in Statement No. 87, Leases, as amended. 7.2 City of Crystal Emerging Issues 21 Accounting Standard Update – GASB Statement No. 96 – Subscription-Based Information Technology Arrangements (Continued) A SBITA is defined as a contract that conveys control of the right to use another party's (a SBITA vendor's) information technology (IT) software, alone or in combination with tangible capital assets (the underlying IT assets), as specified in the contract for a period of time in an exchange or exchange-like transaction. The subscription term includes the period during which a government has a noncancellable right to use the underlying IT assets. The subscription term also includes periods covered by an option to extend (if it is reasonably certain that the government or SBITA vendor will exercise that option) or to terminate (if it is reasonably certain that the government or SBITA vendor will not exercise that option). Under this Statement, a government generally should recognize a right-to-use subscription asset – an intangible asset – and a corresponding subscription liability. A government should recognize the subscription liability at the commencement of the subscription term, – which is when the subscription asset is placed into service. The subscription liability should be initially measured at the present value of subscription payments expected to be made during the subscription term. Future subscription payments should be discounted using the interest rate the SBITA vendor charges the government, which may be implicit, or the government's incremental borrowing rate if the interest rate is not readily determinable. A government should recognize amortization of the discount on the subscription liability as an outflow of resources (for example, interest expense) in subsequent financial reporting periods. The subscription asset should be initially measured as the sum of (1) the initial subscription liability amount, (2) payments made to the SBITA vendor before commencement of the subscription term, and (3) capitalizable implementation costs, less any incentives received from the SBITA vendor at or before the commencement of the subscription term. A government should recognize amortization of the subscription asset as an outflow of resources over the subscription term. Activities associated with a SBITA, other than making subscription payments, should be grouped into the following three stages, and their costs should be accounted for accordingly:  Preliminary Project Stage, including activities such as evaluating alternatives, determining needed technology, and selecting a SBITA vendor. Outlays in this stage should be expensed as incurred.  Initial Implementation Stage, including all ancillary charges necessary to place the subscription asset into service. Outlays in this stage generally should be capitalized as an addition to the subscription asset.  Operation and Additional Implementation Stage, including activities such as subsequent implementation activities, maintenance, and other activities for a government's ongoing operations related to a SBITA. Outlays in this stage should be expensed as incurred unless they meet specific capitalization criteria. In classifying certain outlays into the appropriate stage, the nature of the activity should be the determining factor. Training costs should be expensed as incurred, regardless of the stage in which they are incurred. 7.2 City of Crystal Emerging Issues 22 Accounting Standard Update – GASB Statement No. 96 – Subscription-Based Information Technology Arrangements (Continued) If a SBITA contract contains multiple components, a government should account for each component as a separate SBITA or nonsubscription component and allocate the contract price to the different components. If it is not practicable to determine a best estimate for price allocation for some or all components in the contract, a government should account for those components as a single SBITA. This Statement provides an exception for short-term SBITAs. Short-term SBITAs have a maximum possible term under the SBITA contract of 12 months (or less), including any options to extend, regardless of their probability of being exercised. Subscription payments for short-term SBITAs should be recognized as outflows of resources. This Statement requires a government to disclose descriptive information about its SBITAs other than short-term SBITAs, such as the amount of the subscription asset, accumulated amortization, other payments not included in the measurement of a subscription liability, principal and interest requirements for the subscription liability, and other essential information. GASB Statement No. 96 is effective for reporting periods beginning after June 15, 2022. Earlier application is encouraged. Information provided above was obtained from www.gasb.org. Accounting Standard Update – GASB Statement No. 100 – Accounting Changes and Error Corrections – an Amendment of GASB Statement No. 62 The primary objective of this Statement is to enhance accounting and financial reporting requirements for accounting changes and error corrections to provide more understandable, reliable, relevant, consistent, and comparable information for making decisions or assessing accountability. This Statement defines accounting changes as changes in accounting principles, changes in accounting estimates, and changes to or within the financial reporting entity and describes the transactions or other events that constitute those changes. As part of those descriptions, for (1) certain changes in accounting principles and (2) certain changes in accounting estimates that result from a change in measurement methodology, a new principle or methodology should be justified on the basis that it is preferable to the principle or methodology used before the change. That preferability should be based on the qualitative characteristics of financial reporting – understandability, reliability, relevance, timeliness, consistency, and comparability. This Statement also addresses corrections of errors in previously issued financial statements. This Statement prescribes the accounting and financial reporting for (1) each type of accounting change and (2) error corrections. This Statement requires that (a) changes in accounting principles and error corrections be reported retroactively by restating prior periods, (b) changes to or within the financial reporting entity be reported by adjusting beginning balances of the current period, and (c) changes in accounting estimates be reported prospectively by recognizing the change in the current period. The requirements of this Statement for changes in accounting principles apply to the implementation of a new pronouncement in absence of specific transition provisions in the new pronouncement. 7.2 City of Crystal Emerging Issues 23 Accounting Standard Update – GASB Statement No. 100 – Accounting Changes and Error Corrections – an Amendment of GASB Statement No. 62 (Continued) This Statement also requires that the aggregate amount of adjustments to and restatements of beginning net position, fund balance, or fund net position, as applicable, be displayed by reporting unit in the financial statements. This Statement requires disclosure in notes to financial statements of descriptive information about accounting changes and error corrections, such as their nature. In addition, information about the quantitative effects on beginning balances of each accounting change and error correction should be disclosed by reporting unit in a tabular format to reconcile beginning balances as previously reported to beginning balances as restated. Furthermore, this Statement addresses how information that is affected by a change in accounting principle or error correction should be presented in required supplementary information (RSI) and supplementary information (SI). For periods that are earlier than those included in the basic financial statements, information presented in RSI or SI should be restated for error corrections, if practicable, but not for changes in accounting principles. GASB Statement No. 100 is effective for reporting periods beginning after June 15, 2023. Earlier application is encouraged. Information provided above was obtained from www.gasb.org. Accounting Standard Update – GASB Statement No. 101 – Compensated Absences The objective of this Statement is to better meet the information needs of financial statement users by updating the recognition and measurement guidance for compensated absences. That objective is achieved by aligning the recognition and measurement guidance under a unified model and by amending certain previously required disclosures. This Statement requires that liabilities for compensated absences be recognized for (1) leave that has not been used and (2) leave that has been used but not yet paid in cash or settled through noncash means. A liability should be recognized for leave that has not been used if (a) the leave is attributable to services already rendered, (b) the leave accumulates, and (c) the leave is more likely than not to be used for time off or otherwise paid in cash or settled through noncash means. Leave is attributable to services already rendered when an employee has performed the services required to earn the leave. Leave that accumulates is carried forward from the reporting period in which it is earned to a future reporting period during which it may be used for time off or otherwise paid or settled. In estimating the leave that is more likely than not to be used or otherwise paid or settled, a government should consider relevant factors such as employment policies related to compensated absences and historical information about the use or payment of compensated absences. However, leave that is more likely than not to be settled through conversion to defined benefit postemployment benefits should not be included in a liability for compensated absences. 7.2 City of Crystal Emerging Issues 24 Accounting Standard Update – GASB Statement No. 101 – Compensated Absences (Continued) This Statement requires that a liability for certain types of compensated absences – including parental leave, military leave, and jury duty leave – not be recognized until the leave commences. This Statement also requires that a liability for specific types of compensated absences not be recognized until the leave is used. This Statement also establishes guidance for measuring a liability for leave that has not been used, generally using an employee's pay rate as of the date of the financial statements. A liability for leave that has been used but not yet paid or settled should be measured at the amount of the cash payment or noncash settlement to be made. Certain salary-related payments that are directly and incrementally associated with payments for leave also should be included in the measurement of the liabilities. With respect to financial statements prepared using the current financial resources measurement focus, this Statement requires that expenditures be recognized for the amount that normally would be liquidated with expendable available financial resources. This Statement amends the existing requirement to disclose the gross increases and decreases in a liability for compensated absences to allow governments to disclose only the net change in the liability (as long as they identify it as a net change). In addition, governments are no longer required to disclose which governmental funds typically have been used to liquidate the liability for compensated absences. GASB Statement No. 101 is effective for reporting periods beginning after December 15, 2023. Earlier application is encouraged. Information provided above was obtained from www.gasb.org. 7.2 City of Crystal Hennepin County, Minnesota Reports on Compliance with Government Auditing Standards, Uniform Guidance, and Legal Compliance December 31, 2022 7.2 City of Crystal Table of Contents Schedule of Expenditures of Federal Awards 1 Notes to Schedule of Expenditures of Federal Awards 2 Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 3 Report on Compliance for each Major Federal Program and Report on Internal Control over Compliance Required by the Uniform Guidance 5 Schedule of Findings and Questioned Costs 8 Minnesota Legal Compliance 10 7.2 See notes to schedule of expenditures and federal awards. 1 Federal Assistance Listing Federal Number Expenditures U.S. Department of Transportation Passed through the State of Minnesota Highway Planning and Construction 20.205 68,366$ Towards Zero Deaths 20.608 13,446 Total U.S. Department of Transportation 81,812 U.S. Department of Treasury Passed through the State of Minnesota Coronavirus State and Local Recovery Funds 21.027 2,502,454 U.S. Department of Homeland Security Passed through the State of Minnesota Disaster Grants-Public Assistance 97.036C 23,296 Total Federal Expenditures 2,607,562$ Federal Agency/Pass Through Agency/Program Title City of Crystal Schedule of Expenditures of Federal Awards Year Ended December 31, 2022 7.2 2 City of Crystal Notes to Schedule of Expenditures of Federal Awards NOTE 1 – BASIS OF PRESENTATION The accompanying Schedule of Expenditures of Federal Awards (the "Schedule") includes the federal award activity of the City under programs of the federal government for the year-ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of the City, it is not intended to and does not present the financial position, changes in net position, or cash flows of the City. NOTE 2 – PASS-THROUGH GRANT NUMBERS All pass-through entities listed above use the same Assistance Listing numbers as the federal grantors to identify these grants and have not assigned any additional identifying numbers. NOTE 3 – INDIRECT COST RATE The City did not elect to use the 10 percent de minimis indirect cost rate, as allowed under the Uniform Guidance. 7.2 3 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 Independent Auditor's Report Honorable Mayor and Members of the City Council City of Crystal Crystal, Minnesota We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City of Crystal, Minnesota as of and for the year ended December 31, 2022, and the related notes to financial statements, which collectively comprise the City's basic financial statements, and have issued our report thereon dated May 25, 2023. Report on Internal Control over Financial Reporting In planning and performing our audit of the financial statements, we considered the City's internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the City's internal control. Accordingly, we do not express an opinion on the effectiveness of the City's internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control such that there is a reasonable possibility that a material misstatement of the City's financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies and therefore, material weaknesses or significant deficiencies may exist that were not identified. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. We did identify certain deficiencies in internal control, described in the accompanying Schedule of Findings and Questioned Costs that we consider to be a significant deficiency as audit finding 2022-001. 7.2 4 Report on Compliance and Other Matters As part of obtaining reasonable assurance about whether the City's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the result of that testing, and not to provide an opinion on the effectiveness of the City's internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City's internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Minneapolis, Minnesota May 25, 2023 7.2 5 Report on Compliance for each Major Federal Program and Report on Internal Control over Compliance Required by the Uniform Guidance Independent Auditor's Report Honorable Mayor and Members of the City Council City of Crystal Crystal, Minnesota Report on Compliance for Each Major Federal Program Opinion on Each Major Federal Program We have audited the City's compliance with the types of compliance requirements identified as subject to audit in the OMB Compliance Supplement that could have a direct and material effect on the City's major federal program for the year ended December 31, 2022. The City's major federal program is identified in the summary of auditor's results section of the accompanying Schedule of Findings and Questioned Costs. In our opinion, the City complied in all material respects, with the compliance requirements referred to above that could have a direct and material effect on its major federal program for the year ended December 31, 2022. Basis for Opinion on Each Major Federal Program We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America (GAAS); the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States (Government Auditing Standards); and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Our responsibilities under those standards and the Uniform Guidance are further described in the Auditor's Responsibilities for the Audit of Compliance section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with 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 opinion on compliance for each major federal program. Our audit does not provide a legal determination of the City's compliance with the compliance requirements referred to above. Responsibilities of Management for Compliance Management is responsible for compliance with the requirements referred to above and for the design, implementation, and maintenance of effective internal control over compliance with the requirements of laws, statutes, regulations, rules, and provisions of contracts or grant agreements applicable to the City's federal programs. 7.2 6 Auditor's Responsibilities for the Audit of Compliance Our objectives are to obtain reasonable assurance about whether material noncompliance with the compliance requirements referred to above occurred, whether due to fraud or error, and express an opinion on the City's compliance based on our audit. 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, Government Auditing Standards, and the Uniform Guidance will always detect material noncompliance when it exists. The risk of not detecting material noncompliance resulting from fraud is higher than for that resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Noncompliance with the compliance requirements referred to above is considered material, if there is a substantial likelihood that, individually or in the aggregate, it would influence the judgment made by a reasonable user of the report on compliance about the City's compliance with the requirements of each major federal program as a whole. In performing an audit in accordance with GAAS, Government Auditing Standards, and the Uniform Guidance, we:  Exercise professional judgment and maintain professional skepticism throughout the audit.  Identify and assess the risks of material noncompliance, 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 City's compliance with the compliance requirements referred to above and performing such other procedures as we considered necessary in the circumstances.  Obtain an understanding of the City's internal control over compliance relevant to the audit in order to design audit procedures that are appropriate in the circumstances and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of the City's internal control over compliance. Accordingly, no such opinion is expressed. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and any significant deficiencies and material weaknesses in internal control over compliance that we identified during the audit. Report on Internal Control over Compliance A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. 7.2 7 Report on Internal Control over Compliance (Continued) Our consideration of internal control over compliance was for the limited purpose described in Auditor's Responsibilities for the Audit of Compliance section and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies in internal control over compliance. Given these limitations, during our audit we did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses, as defined above. However, material weaknesses or significant deficiencies in internal control over compliance may exist that were not identified. Our audit was not designed for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, no such opinion is expressed. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose. Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance We have audited the financial statements of the governmental activities, the business-type activities, the discretely presented component units, each major fund, and the aggregate remaining fund information of the City of Crystal, Minnesota, as of and for the year ended December 31, 2022, and the related notes to financial statements which collectively comprise the City's basic financial statements. We issued our report thereon dated May 25, 2023, which contained unmodified opinions on those financial statements. Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the basic financial statements. The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by the Uniform Guidance and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the Schedule of Expenditures of Federal Awards is fairly stated in all material respects in relation to the basic financial statements as a whole. Minneapolis, Minnesota May 25, 2023 7.2 8 City of Crystal Schedule of Findings and Questioned Costs SECTION I – SUMMARY OF AUDITOR'S RESULTS Financial Statements Type of auditor's report issued: We issued an unmodified opinion on the fair presentation of the financial statements of the governmental activities, business-type activities, each major fund, and the aggregate remaining fund information in accordance with accounting principles generally accepted in the United States of America (GAAP). Internal control over financial reporting:  Material weakness(es) identified? No  Significant deficiency(ies) identified? Yes, Audit Finding 2022-001 Noncompliance material to financial statements noted? No Federal Awards Type of auditor's report issued on compliance for major programs: Unmodified Internal control over major programs:  Material weakness(es) identified? No  Significant deficiency(ies) identified? None reported Any audit findings disclosed that are required to be reported in accordance with 2 CFR 200.516(a)? No Identification of Major Programs Assistance Listing No.: 21.027 Name of Federal Program or Cluster: Coronavirus State and Local Recovery Funds Dollar threshold used to distinguish between type A and type B programs: $750,000 Auditee qualified as low risk auditee? No 7.2 9 City of Crystal Schedule of Findings and Questioned Costs SECTION II – FINANCIAL STATEMENT FINDINGS Audit Finding 2022-001 Criteria: Internal control that supports the City's ability to initiate record, process, and report financial data consistent with the assertions of management in the financial statements requires adequate segregation of accounting duties. Condition: The City had a lack of segregation of accounting duties due to a limited number of office employees. Context: This finding impacts the internal control for all significant accounting functions. Effect or Potential Effect: The lack of adequate segregation of accounting duties could adversely 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 are a limited number of office employees. Recommendation: Continue to review the accounting system, including changes that may occur. Implement segregation whenever practical. Views of Responsible Officials and Planned Corrective Action: The City is aware of the limited segregation of duties as a result of our limited number of staffing. The City is committed to an environment with strong internal controls and is constantly evaluating the system and implementation of compensating controls when available. SECTION III – FEDERAL AWARD FINDINGS AND QUESTIONED COSTS There were no Federal award findings. There were no questioned costs. SECTION IV – PRIOR YEAR FINDINGS AND QUESTIONED COSTS None 7.2 10 Minnesota Legal Compliance Independent Auditor's Report Honorable Mayor and Members of the City Council City of Crystal Crystal, Minnesota We have audited, in accordance with auditing standards generally accepted in the United States of America, and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, the financial statements of the governmental activities, the business-type activities, the discretely presented component units, each major fund, and the aggregate remaining fund information of the City of Crystal, Minnesota as of and for the year ended December 31, 2022, and the related notes to financial statements, which collectively comprise the City's basic financial statements, and have issued our report thereon dated May 25, 2023. In connection with our audit, nothing came to our attention that caused us to believe that the City failed to comply with the provisions of the contracting and bidding, deposits and investments, conflicts of interest, public indebtedness, claims and disbursements, miscellaneous provisions, and tax increment financing sections of the Minnesota Legal Compliance Audit Guide for Cities, promulgated by the State Auditor pursuant to Minnesota Statute § 6.65, insofar as they relate to accounting matters. However, our audit was not directed primarily toward obtaining knowledge of such noncompliance. Accordingly, had we performed additional procedures, other matters may have come to our attention regarding the City's noncompliance with the above referenced provisions, insofar as they relate to accounting matters. The purpose of this report is solely to describe the scope of our testing of compliance and the results of that testing, and not to provide an opinion on compliance. Accordingly, this communication is not suitable for any other purpose. Minneapolis, Minnesota May 25, 2023 7.2 Memorandum DATE: June 6, 2023 TO: City Council FROM: Mark Ray, PE, Director of Public Works Ben Perkey, PE, Engineering Project Manager Emily Schneider, GIS Specialist SUBJECT: Authorize professional services agreement with LOGIS for GIS Support Summary At the May 16th Council meeting, the Council discussed the proposed contract with LOGIS GIS for GIS support services. The Council tabled the item to a future meeting so more information could be provided. The new GIS Specialist, Emily Schneider, will be at the June 6 Council work session and meeting to provide additional background and information on the proposed contract with LOGIS GIS. Current costs The City’s current costs for the various GIS tools that we use are: - iWater (utility asset management) $12,000 per year (12 devices) - ESRI Licensing $1,700 per year - Playground inspection $960 per year -iWater Cloud service $10,500 o Initial setup, data migration, training Other Cities with LOGIS GIS The following cities currently contract with LOGIS for GIS Support: Brooklyn Center, Hutchinson, Maple Grove, Minnetonka, Ramsey, Robbinsdale, South St Paul, and White Bear Lake. Background A few years ago, City staff were notified by our current asset management system vendor that the vendor was going to be transitioning to a cloud-based system for data management. This is different than the current system where data is stored on City servers and replica data sets are 7.3 on individual devices. City staff expressed concern about this change since it requires a continuous cellular connection for the devices to have access to the asset management information. Should Crystal experience a cellular data outage, or experience a major disaster, city staff would not have access on their tablets to essential critical infrastructure records and information which are vital to response during such an event. After conversations with the vendor, it became clear that they were committed to the cloud-based system and not exploring any alternatives. Due to the unacceptable risk that would come with this change, City staff started looking for alternative vendors for a new asset management system. In preparation for this change in asset management, it became apparent that LOGIS was the only vendor that could provide support for existing operations and provide the necessary data backup and support for other city departments. LOGIS Services will provide the City with the flexibility of having our data stored on local servers (at LOGIS), not on a cloud-based server like most consulting companies. The City will also have the reliability and support of LOGIS GIS staff to manage the physical servers and databases. Having LOGIS manage the servers and databases not only reduces the need for an additional city GIS staff member with background and experience in server-management, but also eliminates the City having to purchase and manage its’ own ArcGIS Server Licenses and infrastructure. With LOGIS’s backbone support managing the enterprise databases and server systems, City staff time can be focused on our GIS data and developing applications that support both internal and external customers. Additionally, since various City departments already use other LOGIS-provided services, some of these services will integrate into LOGIS GIS applications. Thus, the benefits of going with LOGIS GIS support extend beyond public works. Staff have received a proposal from LOGIS GIS for professional services associated with GIS support for Crystal, dated May 5, 2023. The cost includes a combination of three things: ESRI license costs, LOGIS fees, and data migration (for 2023 only). The city already has some ESRI licenses which need to be upgraded, so we will get some credit. The data migration cost is only for the transition of data from the current asset management system’s format to the LOGIS system’s format, and therefore is not an annual fee. Proposed costs The cost for 2023 will be a total of $55,724 which is a combination of three things: • ESRI license costs ($9,939) • LOGIS costs ($32,285) • Data migration (estimated to be $13,500) The cost for 2024 is estimated to be a total of $67,859 which includes: • ESRI license costs ($9,939) • LOGIS costs ($57,920) 7.3 Some of these costs will be offset by the elimination of the existing asset management system annual fees costs, a reduction in city labor costs due to a recent retirement, and hopefully the consolidation of some other data management programs. Moving forward these costs will be included in the normal budgeting process. Funding Identical to the existing asset management software, the utility funds will split the cost for these services. Attachment • Professional services agreement dated May 5, 2023, from LOGIS. Recommended Action Motion authorizing the Professional Services Agreement with LOGIS for GIS Support Services. 7.3 May 5, 2023 Re: LOGIS GIS Support Proposal City of Crystal/Mark Ray, Director of Public Works/City Engineer To Mark Ray: LOGIS appreciates the opportunity to work with you and the City of Crystal as you make changes to your GIS environment. The migration of the City of Crystal to updated GIS platforms and support (what LOGIS GIS is offering) will help you and the City be more effective and efficient with your resources. Though certain aspects of our below cost outlines are necessities, the City of Crystal has the opportunity to grow and develop over time as you ascertain the impact these changes have made. In order for you to prepare and inform others, I am giving a general overview of some key items related to GIS changes for the City of Crystal:  Esri licensing  The City of Crystal as a LOGIS GIS city for 2023  Data migration/conversion  The City of Crystal as a LOGIS GIS city for 2024 The information and figures presented here are reasonable estimates based upon what is currently known. As the City of Crystal makes decisions and commitments, agreements will be created to help ensure all involved have a reasonable understanding of expectations, timelines and details. Esri Licensing LOGIS will attempt to share information based upon our knowledge and understanding of Esri and their licensing process. We understand that when an entity changes from different product and internal support, there are a significant number of unknowns and opportunities. Each entity has different internal and external demands and LOGIS may not always be able to ascertain the nuances from city to city. Additionally, budgets may require the scaling up over time. Via Email 7.3 Joining LOGIS as a GIS city (and utilizing the LOGIS Enterprise license), the City of Crystal does not have to purchase server infrastructure on their own and ArcGIS Server software licenses from Esri to build their own Enterprise GIS system. Your staff also does not need to worry about maintaining the enterprise GIS databases, server systems, and building the field applications for the city can be a joint effort between the City of Crystal and LOGIS, depending upon the skillset and time available from Crystal Staff. LOGIS has the expertise to be the City of Crystal’s data, services, and applications hosting solution. The City of Crystal still needs to have Esri’s AGOL (ArcGIS Online). This is Esri’s cloud platform where one would publish to host Survey123 forms, Field Maps, Story Maps, and ArcGIS Hubs. These applications integrate well with users’ mobile devices to mobilize your workforce. The City of Crystal already has an ArcGIS Online organization account, so based upon our communications, we believe the City of Crystal would merely need to add more users to that AGOL agreement with Esri. Based upon what is noted above, and outside of what being LOGIS GIS city would accomplish, here is LOGIS’ current recommendation for the City of Crystal for Esri licensing:  Crystal GIS Specialist: o 1-Desktop Advanced Single Use Perpetual license ($4,662 initial upgrade costs and approximately $3,000 annually post upgrade) * This is a desktop license for the specialist to do geoprocessing and data editing work on his/her laptop using ArcGIS Pro. Crystal has one standard license now. o 1-Arc GIS Online Creator annual subscriptions ($494/each annually) * This license is for ArcGIS Online (cloud platform). We believe Crystal already has a Standard desktop license that comes with a free creator seat in AGOL. Our understanding is that the Creator license user type can do everything Mobile Worker user type can do plus more advanced administrative functions (Creators have access to a selection of apps, can view contents created by other organization members, and can administer users and contents in the organization as well as configure AGOL security for your organization). The Crystal GIS Specialist would need both this and the above-noted Desktop Advanced license.  Director of Public Works/City Engineer and Engineering Project Manager o 2-Creator license ($494/each annually = $988) *  Field Workers o 11-Mobile Worker licenses ($345/each annually = $ 3,795) *  Estimated Annual Esri license Total: $9,939 *All Esri costs are estimates and the City of Crystal needs to confirm with Esri. Any licenses are subject to Esri requirements and/or recommendations which also includes what Esri does/does not allow for sharing. Any Esri licensing requirements (and the related management and costs) specific for the City of Crystal that is not covered under LOGIS and the LOGIS/Esri Enterprise License Agreement, based upon the City’s needs, will be between Esri and the City of Crystal. 7.3 LOGIS Services Base Fees One of the primary aspects related to the base fee is the access to the enterprise database and server. This gives LOGIS GIS cities the power and depth of an enterprise service, and technical support (related to infrastructure) provided by LOGIS, without each entity having to pay for that individually. As part of being a LOGIS GIS city, some of the support and service provided include virtual servers, LOGISMap, Esri Enterprise licenses, SQL Server licenses, back up including disaster recovery and, LOGIS Support from GIS and the systems support from the skilled individuals in our Network Services group. Elective Fees LOGIS has used the term "elective fees" for a number of years; however, elective does not indicate optional. These fees are associated with products, applications and services that will be supplemental to building the whole GIS system for internal and external use. With the “elective fees” LOGIS GIS Cities receive more constant products and services that all LOGIS GIS cities are using by tapping into the LOGIS resources that are necessary for any GIS entity to use. These include the time, effort and resources to host applications, data, and other services; and these applications and services have foundational similarities but can vary in complexity and the related support and resources to manage them. For example: Apps: LOGISMaps, Parcel viewer, Parks finder, zoning maps, citizen report (service request) tool, operation dashboards. Services: all GIS layers of interest can be published in the above apps. E.g. administrative boundaries, parcels, zoning layers, parks, transportation network, roads, city-owned buildings and assets. Staff augmentation Staff augmentation includes support and on-site consultation in order for LOGIS to support your GIS needs. This includes project development, developing a management and administrative support plan along with security. Additionally, this gives you dedicated resources and helps you and other staff members with change management with your current staff as well as the on-boarding of new people. 7.3 City of Crystal as a LOGIS GIS City/2023 For all LOGIS GIS cities, the budget is developed annually based upon three main inter-related components: a base fee (LOGIS, LOGIS GIS staffing and technical support along with software and hardware for the GIS environment, and LOGIS Map); elective fees (app services and data hosting); and Staff Augmentation. For the City of Crystal, for the remainder of 2023, the LOGIS GIS fixed cost estimates are:  Base Fee $17,200 o (prorated from $29,500)  Elective Fee $7,000 o (prorated from $12,000)  Staff Augmentation $7,560 o 56 hours (prorated from 8 hours/month for 12 months) o $135/hour (LOGIS hourly Support Fee for 2023) o prorated from $ 12,960  Fund 02 (Development Fund/prorated from $900) o $525  Total for 2023 o $32,285 plus data migration costs and ESRI Licensing fees Please note, these 2023 LOGIS support costs are prorated, beginning June 1, 2023; it will be adjusted accordingly for different start dates. Data Migration/Conversion The current state of Crystal’s GIS data is not fully known to LOGIS. Based upon the development of the stormwater infrastructure data proof-of-concept (POC), LOGIS GIS has a general understanding of the data and its existence in an Access database. In the event other Crystal GIS data resides elsewhere and is in a different format, that will require further LOGIS GIS review. LOGIS GIS would need to convert that data in order for it to be useful in the LOGIS and Esri environments. This is above any Staff Augmentation hours. With a number of unknowns related to the true state of the City of Crystal’s GIS data, a specific cost for data conversion is difficult to identify the actual number of hours for a such a project. The question may arise as to whether or not Crystal staff can do the data conversion: even if the individual(s) have the skillset for the data conversion from the Access database, the data needs to meet the requirements of LOGIS and Esri systems; LOGIS training, supervision and potential corrections on such a work path may likely require a significant amount of extra or redundant work which could impact timetables. To help facilitate this migration, our recommendation at this time is that Crystal GIS Staff exports existing GIS data and inspection records from iWater system to an Esri file geodatabase and most, if not all, of the data conversion to a standardized Esri Enterprise database be 7.3 completed by LOGIS.  Based upon what is currently known we estimate a minimum of: o 100 hours at $135/hour = $13,500 (based upon 2023 LOGIS Support hourly rate) City of Crystal as a LOGIS GIS City/2024 For the City of Crystal, the 2024 LOGIS GIS fixed cost estimates are:  Base Fee $31,000  Elective Fee $12,000  Staff Augmentation $13,920 o 96 hours o $145/hour (LOGIS hourly Support Fee for 2024)  Fund 02 (Dev. Fund) $ 1,000  Total for 2024 $57,920 plus ESRI licensing fees Please note, these 2024 LOGIS GIS budget costs are estimates only. 2024 LOGIS Budget processes have recently begun and draft 2024 figures have not been finalized. LOGIS budget estimates will be distributed in/around the end of May with a Board of Directors budget meeting in June; the 2024 budget adoption is on July 27, 2023 at the quarterly LOGIS Board of Directors Meeting. Also, future project requests by the City of Crystal which require working with third-party software/products will likely be considered special projects and are outside of the normal support scope. Conclusion We greatly appreciate the opportunity for LOGIS to offer assistance and services to the City of Crystal. Based upon the development of a proof-of-concept and a number of communications, we hope the City of Crystal finds value in what LOGIS GIS can offer you. Efforts by both LOGIS and the City of Crystal to properly develop a solid business relationship and to help the City of Crystal properly grow its GIS department, LOGIS is recommending consideration of a three-year commitment, minimally. Please let us know if you have further questions; we will work to answer those so we can move ahead with agreements for future LOGIS GIS support. The City of Crystal agrees to the above-noted terms for LOGIS GIS support for the remainder of 2023 and for all of 2024. This includes the additional work related to data migration. ____________________________________ ________________________ __________________ 7.3 Printed Name/Title Signature Date 7.3 RESOLUTION NO. 2023- ___ AUTHORIZING PROFESSIONAL SERVICES CONTRACT FOR LOGIS GIS SUPPORT WHEREAS, the maintaining and reconstructing of City infrastructure is an essential service in the City of Crystal; and WHEREAS, the existing asset management system no longer meets the needs of the City; and WHEREAS, LOGIS GIS support services will meet the needs for asset management information systems and providing redundant backups of the data for the City; and WHEREAS, the City of Crystal is already a LOGIS member City; and WHEREAS, the equipment and software licensing required to provide geographic information system (GIS) information in the way the City needs it is beyond the current capabilities of the City; NOW, THEREFORE, BE IT RESOLVED that the Crystal City Council hereby authorizes the agreement for professional services with LOGIS for GIS Support Services. BE IT FURTHER RESOLVED that the City Manager is hereby authorized to sign said contract. Adopted by the Crystal City Council this 6th day of June, 2023. _____________________________ Jim Adams, Mayor ATTEST: _____________________________ Christina Serres, City Clerk 7.3