City Council

MANISTEE CITY COUNCIL MEETING AGENDA WEDNESDAY, AUGUST 6, 2014 – 7:00 P.M. – COUNCIL CHAMBERS I. Call to Order. a.) PLEDGE OF ALLEGIANCE. b.) ROLL CALL. II. Public Hearings. III. Citizen Comments on Agenda Related Items. IV. Consent Agenda. All agenda items marked with an asterisk (*) are on the consent agenda and considered by the City Manager to be routine matters. Prior to approval of the Consent Agenda, any member of Council may have an item from the Consent Agenda removed and taken up during the regular portion of the meeting. Consent agenda items include: V. Approval of Minutes. VI. a.) Approval of Payroll. b.) Cash Balances Report. XI. c.) Notification Regarding Next Work Session. d.) Consideration of a Bottle Drive Fundraiser for the Northfire Dance Company. e.) Consideration of Annual MSDDA Hops & Props Event. At this time Council could take action to approve the Consent Agenda as presented. *V. Approval of Minutes. Approval of the minutes of the July 15, 2014 regular meeting as attached. CITY COUNCIL AGENDA – WEDNESDAY, AUGUST 6, 2014 PAGE 1 VI. Financial Report. *a.) APPROVAL OF PAYROLL. *b.) CASH BALANCES REPORT. VII. Unfinished Business. VIII. New Business. a.) CONSIDERATION OF PURCHASING A 2014 VOLVO BL70 BACKHOE. The Department of Public Works has operated four demonstration backhoes and solicited competitive proposals to purchase a new backhoe unit with a hydraulic hammer attachment. The Volvo BL70 scored the second highest among the operators and mechanic; and has been determined to be the best value. The cost below also includes trading in our existing 1990 JCB backhoe. $80,000 has been budgeted in the Motor Pool for this fiscal year. John Deere 310 SK $82,912 Operator’s Score: 9 Volvo BL70 $77,175 Operator’s Score: 7 Caterpillar 420 FCP $88,358 Operator’s Score: 6.5 JCB 3cx-14 Super $77,900 Operator’s Score: 4.8 At this time Council could take action to approve the purchase of the 2014 Volvo BL70 with hydraulic hammer and extended warranty from Alta Equipment in the amount of $77,175. IX. Notices, Communications, Announcements. a.) A REPORT FROM THE ENGINEER OF RECORD AND THE UTILITIES DEPARTMENT. A regular part of each Council meeting is a report from a cooperating agency, organization or department. At this time Mr. Shawn Middleton will report on the activities of the Engineer of Record, The Spicer Group and respond to any questions the Council may have regarding their activities. At this time Ms. Jody Banks will report on the activities of the Wastewater Treatment Plant and respond to any questions the Council may have regarding their activities. CITY COUNCIL AGENDA – WEDNESDAY, AUGUST 6, 2014 PAGE 2  At this time Mr. Bruce Banks will report on the activities of the Water Department and respond to any questions the Council may have regarding their activities. No action is required on this item. b.) PRESENTATION OF FOURTH QUARTER INVESTMENT REPORT BY FINANCE DIRECTOR ED BRADFORD. *c.) NOTIFICATION REGARDING NEXT WORK SESSION. A Council work session has been scheduled for Tuesday, August 12, 2014 at 7 p.m. A discussion will be conducted on Deer Herd Management, Board & Commission Application Process, River Parc/North Channel Outlet Development Plan, DPW Recycling Center; and such business as may come before the Council. No action is required on this item. *d.) CONSIDERATION OF A BOTTLE DRIVE FUNDRAISER FOR THE NORTHFIRE DANCE COMPANY. The Northfire Dance Company is requesting permission to conduct a bottle drive fundraiser in the City of Manistee to raise money for the company. Money raised is used to pay for competition fees, travel expenses, and workshops for the dancers. At this time Council could take action to authorize a bottle drive fundraiser to benefit the Northfire Dance Company on Sunday, September 7, 2014 from 2 p.m. to 6 p.m. in the City of Manistee. *e.) CONSIDERATION OF ANNUAL MSDDA HOPS AND PROPS EVENT. The Manistee Main Street Downtown Development Authority is requesting permission to use River Street, Marina property and other property to hold their annual Hops & Props event from Friday, September 12 through Sunday, September 14, 2014. This request includes street closures; with additional requests for City fencing, trash cans and picnic tables. Public Safety Director Dave Bachman has reviewed and approved this request. At this time Council could take action to authorize the annual Hops and Props event by the Manistee Main Street Downtown Development Authority on September 12-14, 2014. CITY COUNCIL AGENDA – WEDNESDAY, AUGUST 6, 2014 PAGE 3 X. Concerns and Comments. a.) CITIZEN COMMENT. This is an opportunity for citizens to comment on municipal services, activities or areas of City involvement. Citizens in attendance shall be recognized by the Mayor for comments (limited to five minutes). Letters submitted to Council will not be publicly read. b.) OFFICIALS AND STAFF. c.) COUNCILMEMBERS. XI. Adjourn. MDD:cl COUNCIL AGENDA ATTACHMENTS: Council Meeting Minutes – July 15, 2014 Cash Balances Report Backhoe Purchase Fourth Quarter Investment Report Bottle Drive Fundraiser Hops & Props Event CITY COUNCIL AGENDA – WEDNESDAY, AUGUST 6, 2014 PAGE 4  PROCEEDINGS OF THE MANISTEE CITY COUNCIL – July 15, 2014 A regular meeting of the Manistee City Council was called to order by her honor, Mayor Colleen Kenny on Tuesday, July 15, 2014 at 7:00 p.m. in the City Hall Council Chambers, 70 Maple Street, followed by the Pledge of Allegiance. PRESENT: Colleen Kenny, Edward Cote, Robert Hornkohl, Robert Goodspeed, Catherine Zaring, Mark Wittlieff, and Eric Gustad. ALSO PRESENT: City Manager – Mitch Deisch, City Attorney – George Saylor, City Clerk – Michelle Wright, Finance Director – Ed Bradford, Public Safety Director – Dave Bachman, Planning & Zoning Administrator – Denise Blakeslee, and City Engineer – Shawn Middleton/Spicer Group. CITIZEN COMMENTS ON AGENDA RELATED ITEMS. Eric Eagin, attorney on behalf of Ed Seng, commented on the development agreement for Mr. Seng at 200 River Street; asked Council to 1) approve the amending of the 2008 development agreement to allow commercial storage on the property, and 2) recommend that the Planning Commission amend Section 601 of the Zoning Ordinance to allow shipping as a permitted use to enable using his property as a deep water port. CONSENT AGENDA.  Minutes ‐ July 1, 2014 ‐ Regular Meeting ‐ July 8, 2014 ‐ Special Meeting ‐ July 8, 2014 ‐ Work Session  Payroll ‐ June 23 – July 6, 2014 ‐ $ 137,094.78  Monthly Bills ‐ June 11, 2014 ‐ $ 342,444.36 ‐ June 30, 2014 ‐ $ 305,769.28 ‐ June 30, 2014 EFT ‐ $ 3,126.79  Notification Regarding Next Work Session – August 12, 2014 A discussion will be conducted on Deer Herd Management, Board and Commission Application Process, Project Updates; and such business as may come before the Council.  Consideration of Adopting Ordinance 14‐06, Chapter 1040 Combined Water Supply and Sewage Disposal System Ordinance Amendments. The City commissioned a water and sewer rate study by Burton & Associates to review the water and sewer utility rate structure and financial needs. It was conducted in accordance with recommended practice by the American Water Works Association. The study recommended implementing a new rate structure. In order to implement the study’s recommendations, as well as address other areas of concern, the water and sewer ordinance needed to be revised. Staff reviewed the | Page 1  PROCEEDINGS OF THE MANISTEE CITY COUNCIL – July 15, 2014 ordinance and drafted recommended changes. The amendment codifies the new rate structure, establishes all rates, fees and charges by Council resolution rather than in ordinance, clarifies and places additional restrictions on landlord affidavit program, adds freeze‐up and run water section, and adds section on private wells and septic in City. This ordinance was reviewed and recommended by the Council Ordinance Committee at their meeting of July 1, 2014. As an ordinance two separate readings are required. This ordinance was first introduced at the special meeting of July 8, 2014 and could be adopted at this time.  Consideration of Chamber Grapes on the River Event. The Manistee Area Chamber of Commerce is requesting the use of public property and a street closure on River Street between Water and Pine Streets on Saturday, July 26, 2014 from 2 p.m. to 6 p.m. for their annual Grapes on the River event. Set up will begin at 9 a.m. and cleanup will be completed by 9 p.m. All trash will be cleaned up and the area will be left in the same condition as prior to the event.  Consideration of Monster Mania Fishing Tournament. Organizers of the Monster Mania Fishing Tournament have requested the use of public property adjacent to the Lions Pavilion at First Street Beach to set up a tent, have an RV on site, and provide a static display of boats. This event is scheduled for September 5‐7, 2014.  Consideration of DAV Forget Me Not Sale. The Manistee Salt City Post 43 of the Disabled American Veterans has requested authorization to conduct their annual Forget Me Not fundraiser. They are requesting the dates of August 15, 16 and 17, 2014. MOTION by Hornkohl, second by Cote to approve the Consent Agenda as presented. With a roll call vote this motion passed, 6‐1. AYES: Kenny, Cote, Hornkohl, Zaring, Wittlieff, and Gustad NAYS: Goodspeed CONSIDERATION OF DISCUSSION ON THE REQUEST BY MR. ED SENG TO AMEND THE 2008 DEVELOPMENT AGREEMENT REGARDING THE PROPERTY AT 200 RIVER STREET, PARCEL #51‐448‐735‐ 01. During the February 18, 2014 Council meeting a motion to amend the 2008 Development Agreement between the City of Manistee and Mr. Ed Seng failed on a 2‐3 vote. At the meeting of July 1, 2014 Mayor Pro‐Tem Zaring requested that this item be placed on an upcoming Council agenda for reconsideration. This request was supported by the majority of City Council. | Page 2  PROCEEDINGS OF THE MANISTEE CITY COUNCIL – July 15, 2014 Should Council decide to amend the 2008 Development Agreement with Mr. Ed Seng, it is both the City Manager’s and City Attorney’s recommendation it be contingent upon a determination by the Manistee County Circuit Court that Rieth‐Riley’s consent is not required. MOTION by Cote, second by Zaring to direct staff to negotiate amendments to the 2008 Development Agreement with Mr. Ed Seng; and to file the necessary legal documents with the Manistee County Circuit Court to determine if Rieth‐Riley’s consent is required to amend the 2008 Development Agreement. After a lengthy discussion regarding the zoning, MOTION by Hornkohl, second by Gustad to table this motion for two months (approximately 9/16/14) for the Planning Commission to look at the Zoning Ordinance on the Peninsula District. With a roll call vote this motion passed, 5‐2. AYES: Kenny, Cote, Hornkohl, Goodspeed, and Gustad NAYS: Zaring and Wittlieff CONSIDERATION OF BUDGET AMENDMENT 2014‐1 FOR FISCAL YEAR END JUNE 30, 2014. The City of Manistee is required by State law to ensure that actual expenditures do not exceed budgeted amounts. Over the course of the current fiscal year, unanticipated and unbudgeted events and/or Council approved expenditures have occurred. The proposed budget amendment addresses the expenditures associated with these events and attempts to project what final year‐end expenditures will be to avoid any year‐end negative budget variances. MOTION by Hornkohl, second by Gustad to adopt budget amendment 2014‐1 for fiscal year ending June 30, 2014. With a roll call vote this motion passed unanimously. AYES: Kenny, Cote, Hornkohl, Goodspeed, Zaring, Wittlieff, and Gustad NAYS: None CONSIDERATION OF A RESOLUTION AND MEMORANDUM OF UNDERSTANDING, MEDC REDEVELOPMENT READY COMMUNITIES PROGRAM. The City of Manistee has been selected for participation in the statewide Michigan Economic Development Corporation (MEDC) Redevelopment Ready Communities (RRC) program. On July 1, 2014 a kickoff presentation was made to City Council that provided an overview of the program and evaluation process. Within 30 days of the presentation the City must sign a Memorandum of Understanding and adopt a resolution authorizing participation in the program. Planning & Zoning Administrator Denise Blakeslee will serve as the staff liaison for this project. MOTION by Hornkohl, second by Gustad to adopt a resolution authorizing the City of Manistee to fully | Page 3  PROCEEDINGS OF THE MANISTEE CITY COUNCIL – July 15, 2014 participate in the Michigan Economic Development Corporation Redevelopment Ready Communities program; and authorize the Mayor to sign the Memorandum of Understanding. With a roll call vote this motion passed, 6‐1. AYES: Kenny, Cote, Hornkohl, Zaring, Wittlieff, and Gustad NAYS: Goodspeed CONSIDERATION OF ADOPTING A REVISED WATER AND SEWER UTILITY SCHEDULE OF FEES. Earlier tonight Council considered adopting a new water and sewer ordinance. Amongst other changes, the new ordinance removes the setting of specific charges and fees in the ordinance and instead sets them via Council resolution. The attached fee schedule was prepared in conjunction with the ordinance review and updates the fee schedule that was included as part of the budget. MOTION by Gustad, second by Hornkohl to adopt a revised water and sewer utility schedule of fees. With a roll call vote this motion passed, 6‐1. AYES: Kenny, Cote, Hornkohl, Zaring, Wittlieff, and Gustad NAYS: Goodspeed CONSIDERATION OF LAND AND WATER CONSERVATION FUND PROJECT AGREEMENT, ROTARY PARK PLAY AREA. The Land and Water Conservation Fund (LWCF) approved the City of Manistee’s request for a $48,000 grant to assist in funding the Rotary Park Play Area. A Council resolution is required as an attachment to the LWCF Development Project Agreement. MOTION by Hornkohl, second by Zaring to adopt a resolution accepting the terms of the Land and Water Conservation Fund Development Project Agreement; and authorize the Mayor and City Clerk to execute the necessary documents. With a roll call vote this motion passed unanimously. AYES: Kenny, Cote, Hornkohl, Goodspeed, Zaring, Wittlieff, and Gustad NAYS: None CITIZEN COMMENT. Comments were received by: ‐ Ed Seng – 448 Kott Road / impact of 2 month delay and possible jobs ‐ Tom Geoghan – 286 Dunes Drive / Dunes Dr. parking lot, pets on leashes, fires on beach | Page 4  PROCEEDINGS OF THE MANISTEE CITY COUNCIL – July 15, 2014 OFFICIALS AND STAFF. Wright reminded anyone that is interested in running for City Council that petitions are due next Tuesday, July 22, 2014 at 4 p.m. Deisch stated the First Street boat launch parking issues are being addressed; some leveling is being done at Fifth Avenue beach; and a meeting is being set up with M/M Willet regarding water freeze up. COUNCILMEMBERS. Hornkohl is getting lots of opinions from a lot of people in regards to City projects, encouraged them to come to a Council meeting to express their concerns. ADJOURN. MOTION to adjourn was made by Goodspeed, second by Hornkohl. Meeting adjourned at 8:35 p.m. Michelle Wright MMC / CPFA, MiCPT City Clerk/Deputy Treasurer | Page 5  CASH TRANSACTIONS REPORT DRAFT Page: 1 MONTH: JUNE 7/29/2014 City of Manistee 7:25 am Account Number Beginning Balance Debit Credit Ending Balance Fund: 101 - GENERAL FUND Dept: 000 001.000 Cash 574,782.85 202,901.57 515,924.47 261,759.95 001.002 Cash - Escrow 103,894.79 12,250.00 1,000.00 115,144.79 004.000 Cash - Petty 800.00 0.00 0.00 800.00 017.000 MBIA Mi Class Inv 57,170.11 4.50 0.00 57,174.61 Total Dept: 000 736,647.75 215,156.07 516,924.47 434,879.35 Fund: 101 736,647.75 215,156.07 516,924.47 434,879.35 Fund: 202 - MAJOR STREET FUND Dept: 000 001.000 Cash 113,395.52 71,137.19 28,427.40 156,105.31 Total Dept: 000 113,395.52 71,137.19 28,427.40 156,105.31 Fund: 202 113,395.52 71,137.19 28,427.40 156,105.31 Fund: 203 - LOCAL STREET FUND Dept: 000 001.000 Cash 36,541.66 11,063.14 16,318.26 31,286.54 Total Dept: 000 36,541.66 11,063.14 16,318.26 31,286.54 Fund: 203 36,541.66 11,063.14 16,318.26 31,286.54 Fund: 204 - STREET IMPROVEMENT FUND Dept: 000 001.000 Cash 25,569.08 22,918.97 1,082.00 47,406.05 Total Dept: 000 25,569.08 22,918.97 1,082.00 47,406.05 Fund: 204 25,569.08 22,918.97 1,082.00 47,406.05 Fund: 226 - CITY REFUSE FUND Dept: 000 001.000 Cash 91,076.70 16,101.78 75,560.31 31,618.17 001.030 Cash Mgt Chk 98,921.21 8.13 0.00 98,929.34 Total Dept: 000 189,997.91 16,109.91 75,560.31 130,547.51 Fund: 226 189,997.91 16,109.91 75,560.31 130,547.51 Fund: 243 - BROWNFIELD REDEVELOPMENT AUTHO Dept: 000 001.000 Cash 12,619.58 15,321.00 1,317.50 26,623.08 Total Dept: 000 12,619.58 15,321.00 1,317.50 26,623.08 Fund: 243 12,619.58 15,321.00 1,317.50 26,623.08 Fund: 245 - OIL & GAS FUND Dept: 000 001.000 Cash 105,358.22 8,362.40 0.00 113,720.62 001.020 Money Market 223,098.98 0.00 0.00 223,098.98 Total Dept: 000 328,457.20 8,362.40 0.00 336,819.60 Fund: 245 328,457.20 8,362.40 0.00 336,819.60 Fund: 249 - BUILDING INSPECTOR Dept: 000 001.000 Cash 5,455.28 356.74 72.97 5,739.05 Total Dept: 000 5,455.28 356.74 72.97 5,739.05 Fund: 249 5,455.28 356.74 72.97 5,739.05  CASH TRANSACTIONS REPORT DRAFT Page: 2 MONTH: JUNE 7/29/2014 City of Manistee 7:25 am Account Number Beginning Balance Debit Credit Ending Balance Fund: 275 - GRANT MANAGEMENT FUND Dept: 000 001.000 Cash 66,207.41 23,000.00 35,612.97 53,594.44 Total Dept: 000 66,207.41 23,000.00 35,612.97 53,594.44 Fund: 275 66,207.41 23,000.00 35,612.97 53,594.44 Fund: 290 - PEG COMMISSION Dept: 000 001.000 Cash 7,450.18 950.21 3,719.70 4,680.69 Total Dept: 000 7,450.18 950.21 3,719.70 4,680.69 Fund: 290 7,450.18 950.21 3,719.70 4,680.69 Fund: 296 - RAMSDELL THEATRE Dept: 000 001.000 Cash 58,124.38 46,138.78 18,893.29 85,369.87 004.000 Cash - Petty 500.00 0.00 0.00 500.00 Total Dept: 000 58,624.38 46,138.78 18,893.29 85,869.87 Fund: 296 58,624.38 46,138.78 18,893.29 85,869.87 Fund: 297 - FRIENDS OF THE RAMSDELL Dept: 000 001.000 Cash 3,959.31 550.18 436.46 4,073.03 Total Dept: 000 3,959.31 550.18 436.46 4,073.03 Fund: 297 3,959.31 550.18 436.46 4,073.03 Fund: 430 - CAPITAL IMPROVEMENT FUND Dept: 000 001.000 Cash 95,274.87 23,003.06 49,773.88 68,504.05 Total Dept: 000 95,274.87 23,003.06 49,773.88 68,504.05 Fund: 430 95,274.87 23,003.06 49,773.88 68,504.05 Fund: 490 - RENAISSANCE PARK Dept: 000 001.000 Cash 2,970.95 0.05 1,871.96 1,099.04 Total Dept: 000 2,970.95 0.05 1,871.96 1,099.04 Fund: 490 2,970.95 0.05 1,871.96 1,099.04 Fund: 508 - BOAT RAMP FUND Dept: 000 001.000 Cash 6,267.73 4,700.46 680.39 10,287.80 004.000 Cash - Petty 1,001.00 0.00 0.00 1,001.00 Total Dept: 000 7,268.73 4,700.46 680.39 11,288.80 Fund: 508 7,268.73 4,700.46 680.39 11,288.80 Fund: 573 - WATER & SEWER UTILITY Dept: 000 001.000 Cash 494,311.74 262,072.97 238,384.79 517,999.92 001.002 Cash - Escrow 36,000.00 1,400.00 1,200.00 36,200.00 004.000 Cash - Petty 300.00 0.00 0.00 300.00 017.000 MBIA Mi Class Inv 488,836.28 38.14 0.00 488,874.42 Total Dept: 000 1,019,448.02 263,511.11 239,584.79 1,043,374.34 Fund: 573 1,019,448.02 263,511.11 239,584.79 1,043,374.34  CASH TRANSACTIONS REPORT DRAFT Page: 3 MONTH: JUNE 7/29/2014 City of Manistee 7:25 am Account Number Beginning Balance Debit Credit Ending Balance Fund: 594 - MARINA FUND Dept: 000 001.000 Cash 38,512.48 97,428.93 72,005.34 63,936.07 004.000 Cash - Petty 300.00 0.00 0.00 300.00 Total Dept: 000 38,812.48 97,428.93 72,005.34 64,236.07 Fund: 594 38,812.48 97,428.93 72,005.34 64,236.07 Fund: 661 - MOTOR POOL FUND Dept: 000 001.000 Cash 406,139.25 58,352.37 38,596.00 425,895.62 001.002 Cash - Escrow 271,273.24 0.00 0.00 271,273.24 Total Dept: 000 677,412.49 58,352.37 38,596.00 697,168.86 Fund: 661 677,412.49 58,352.37 38,596.00 697,168.86 Fund: 703 - CURRENT TAX COLLECTION Dept: 000 001.000 Cash -456.81 220,516.57 0.00 220,059.76 Total Dept: 000 -456.81 220,516.57 0.00 220,059.76 Fund: 703 -456.81 220,516.57 0.00 220,059.76 Fund: 704 - PAYROLL CLEARING FUND Dept: 000 001.000 Cash 30,745.55 476,284.20 469,622.98 37,406.77 001.005 Cash - NEW Flex \ HRA 11,170.54 11,041.06 11,147.25 11,064.35 001.007 Cash - Federal & State Taxes 100.43 57,138.87 57,138.75 100.55 Total Dept: 000 42,016.52 544,464.13 537,908.98 48,571.67 Fund: 704 42,016.52 544,464.13 537,908.98 48,571.67 Fund: 705 - DELINQUENT TAX COLLECTION Dept: 000 001.000 Cash 10,679.33 215.46 10,893.54 1.25 Total Dept: 000 10,679.33 215.46 10,893.54 1.25 Fund: 705 10,679.33 215.46 10,893.54 1.25 Grand Totals: 3,478,351.84 1,643,256.73 1,649,680.21 3,471,928.36 City of Manistee Investment Report 6/30/2014 INVESTMENTS BY TYPE COMMENTS: Cash on Hand $ 2,900 0.0% Checking $ 2,446,619 19.0% Overall, investment Money Market $ 274,422 2.1% performance for the year was CD $ 304,332 2.4% Investment Pool $ 546,049 4.2% very favorable. Bonds $ 2,604,939 20.2% Equities $ 6,703,620 52.0% Interest rates on demand Total $ 12,882,881 100.0% deposits continues to be extremely low, thanks to INVESTMENTS BY CUSTODIAN Federal Reserve policy (CD Rates are only at .05%!!). PNC $ 1,606,098 12.5% Because of this, we are using Huntington $ 741,592 5.8% Northwestern $ 98,929 0.8% these accounts to generate Michigan CLASS $ 546,049 4.2% "earnings credits" which pays a City $ 2,900 0.0% better rate and is used to Charles Schwab $ 9,887,313 76.7% offset bank charges that would Total $ 12,882,881 100.0% other wise be incurred. INVESTMENTS BY MATURITY (est) The Oil & Gas fund had another extraordinary year, Available $ 3,269,991 25.4% Equities $ 6,703,620 52.0% with interest, dividends and CD's 0-2 years $ 304,332 2.4% unrealized gains totalling over CD's 2+ years $ - 0.0% $1,000,000. <1 year bonds $ 163,087.26 1.3% 1-3 years bonds $ 332,385.04 2.6% 3-5 years bonds $ 924,421.17 7.2% 5-7 years bonds $ 533,895.22 4.1% 7-10 years bonds $ 568,913.39 4.4% >10 years bonds $ 82,236.55 0.6% Total $ 12,882,881 100.0% INVESTMENT EARNINGS Fiscal Year End Oil & Gas W&S General Other Total 2007 $ 307,033 $ 74,443 $ 73,333 $ 127,125 $ 581,934 2008 $ 332,277 $ 65,710 $ 75,954 $ 89,293 $ 563,234 2009 $ 703,232 $ 18,052 $ 27,894 $ 22,516 $ 771,694 2010 $ 567,986 $ 4,284 $ 10,006 $ 8,151 $ 590,427 2011 $ 1,180,708 $ 2,838 $ 2,999 $ 9,845 $ 1,196,391 2012 $ 290,341 $ 6,807 $ 1,953 $ 9,046 $ 308,146 2013 $ 953,206 $ 8,466 $ 2,584 $ 1,997 $ 966,253 2014 $ 1,082,790 $ 261 $ 764 $ 1,173 $ 1,084,988 Total $ 5,417,572 $ 180,861 $ 195,488 $ 269,146 $ 6,063,067  Investments by Custodian Investments by Type $8,000,000 $7,000,000 $6,703,620 Charles Schwab $9,887,313 $6,000,000 77% $5,000,000 $4,000,000 $3,000,000 $2,446,619 $2,604,939 Michigan CLASS $2,000,000 $546,049 4% PNC $1,000,000 $546,049 Northwestern $1,606,098 $274,422 $304,332 $98,929 $2,900 Huntington 12% $- 1% $741,592 Cash on Hand Checking Money CD Investment Bonds Equities 6% Market Pool Investments by Maturity Investment Earnings $1,200,000 >10 years bonds $82,236.55 7-10 years bonds $568,913.39 $1,000,000 5-7 years bonds $533,895.22 $800,000 3-5 years bonds Earnings $924,421.17 $600,000 1-3 years bonds $332,385.04 <1 year bonds $163,087.26 $400,000 CD's 2+ years $- $200,000 CD's 0-2 years $304,332 $0 Equities $6,703,620 2007 2008 2009 2010 2011 2012 2013 2014 Available $3,269,991 Oil & Gas $307,033 $332,277 $703,232 $567,986 $1,180,70 $290,341 $953,206 $1,082,79 W&S $74,443 $65,710 $18,052 $4,284 $2,838 $6,807 $8,466 $261 General $73,333 $75,954 $27,894 $10,006 $2,999 $1,953 $2,584 $764 Other $127,125 $89,293 $22,516 $8,151 $9,845 $9,046 $1,997 $1,173