Finance & Human Resources Committee Agenda Call to Order ...

Finance & Human Resources Committee Agenda

Call to Order

Public Input

Must state name and address. Must be limited to items not on the agenda. Limited to two minutes

unless otherwise extended. Committee ’s role is to listen and not discuss the item. Personnel issues

cannot be discussed nor individuals named. Committee is unable to take action at this meeting.

Approve Minutes

l October 8, 2019 Meeting Minutes

l October 15, 2019 Special Meeting Minutes


10082019 FANDHR SPECIAL MINUTES.PDF



Financials

9 SEPT 2019 DEBT SERVICE BALANCE SHEET.PDF

9 SEPT 2019 DEBT SERVICE INCOME STMT.PDF

9 SEPT 2019 GENERAL FUND BALANCE SHEET.PDF

9 SEPT 2019 GENERAL FUND INCOME STMT.PDF

10 OCT 2019 CHECK REGISTER.PDF

10 OCT 2019 PAYROLL.PDF

Recommendation on 2019 Budget Amendment for City Hall Boiler Repair

RESOLUTION 19-87 AMENDING 2019 BUDGET.PDF

Recommendation to Renew Contract with NEIS for Elevator Inspection Service

NEIS CONTRACT RENEWAL FOR INSPECTION.PDF

Review and Recommendation to Amend the Investment Policy

INVESTMENT POLICY AND PUBLIC DEPOSITORIES 11-2019.PDF

Next Meeting Date and Agenda Items

Adjourn

Posted:__________________

By:_____________________

*To ensure a quorum, please inform the chair if you are unable to attend*

Members: Alders Stevenson (Chair), Groves Lloyd, Hansen, Heckel, Miller, Tonn

Notice is hereby given that a majority of the City of Lodi Common Council will be present at a meeting of the Finance and Human Resources Committee to gather information about subjects over which they have decision making responsibility.

This constitutes a meeting of the city council pursuant to State ex rel. Badke v. Greendale Village Bd., 173 Wis.2d 553, 494 N.W.2d 408 (1993), and must be noticed as such; although the City of Lodi Common Council will not take any formal action

at this meeting.

PLEASE TAKE NOTICE that there will be a City of Lodi Finance &

Human Resources Committee meeting held on Tuesday, November 12,

2019 at 5:00 pm in the Council Room, City Hall, 130 South Main Street,

Lodi, WI 53555.

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2.

3.

Documents:

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Documents:

5.

Documents:

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Documents:

7.

Documents:

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9.

Finance & Human Resources Committee Agenda

Call to Order

Public Input

Must state name and address. Must be limited to items not on the agenda. Limited to two minutes

unless otherwise extended. Committee ’s role is to listen and not discuss the item. Personnel issues

cannot be discussed nor individuals named. Committee is unable to take action at this meeting.

Approve Minutes

l October 8, 2019 Meeting Minutes






Financials

9 SEPT 2019 DEBT SERVICE BALANCE SHEET.PDF

9 SEPT 2019 DEBT SERVICE INCOME STMT.PDF

9 SEPT 2019 GENERAL FUND BALANCE SHEET.PDF

9 SEPT 2019 GENERAL FUND INCOME STMT.PDF

10 OCT 2019 CHECK REGISTER.PDF

10 OCT 2019 PAYROLL.PDF

Recommendation on 2019 Budget Amendment for City Hall Boiler Repair

RESOLUTION 19-87 AMENDING 2019 BUDGET.PDF

Recommendation to Renew Contract with NEIS for Elevator Inspection Service

NEIS CONTRACT RENEWAL FOR INSPECTION.PDF

Review and Recommendation to Amend the Investment Policy

INVESTMENT POLICY AND PUBLIC DEPOSITORIES 11-2019.PDF

Next Meeting Date and Agenda Items

Adjourn

Posted:__________________

By:_____________________

*To ensure a quorum, please inform the chair if you are unable to attend*

Members: Alders Stevenson (Chair), Groves Lloyd, Hansen, Heckel, Miller, Tonn

Notice is hereby given that a majority of the City of Lodi Common Council will be present at a meeting of the Finance and Human Resources Committee to gather information about subjects over which they have decision making responsibility.

This constitutes a meeting of the city council pursuant to State ex rel. Badke v. Greendale Village Bd., 173 Wis.2d 553, 494 N.W.2d 408 (1993), and must be noticed as such; although the City of Lodi Common Council will not take any formal action

at this meeting.

PLEASE TAKE NOTICE that there will be a City of Lodi Finance &

Human Resources Committee meeting held on Tuesday, November 12,

2019 at 5:00 pm in the Council Room, City Hall, 130 South Main Street,

Lodi, WI 53555.

1.

2.

3.

Documents:

4.

Documents:

5.

Documents:

6.

Documents:

7.

Documents:

8.

9.

http://www.cityoflodi.us/35ba3dd1-541c-4060-bb59-9c9da97c4eee

City of LodiFinance & Human Resources Committee Special Meeting

Minutes of October 8, 2019

1. Call to OrderChair Stevenson called the meeting to order at 5:03 PM. Committee Members Present: Rich Stevenson, Peter Tonn, Eric Hansen and Suzanne MillerExcused: Ann Groves Lloyd and Paege HeckelStaff Present: Julie Ostrander, Kennan Buhr, Dawn Collins, Sandy Bloechl, Caleb Hartman, Bobbi Brown, Kyle McCarty, Melissa Randall-O’Neil, Tom McGowanOthers: Mayor Jim Ness

2. Swearing In Ceremony – Chief Wayne Smith

3. Public Input: None

4. Approve Minutes: MOTION (Miller/Hansen) to approve the regular minutes from September 10. Motion Carried. MOTION (Hansen/Miller) to approve the minutes from the special meeting from September 24. Motion carried.

5. FinancialsNo questions

6. Review and Recommendation of Proposal for Assessment ServicesAccurate bases market update by what sells in the area. Stevenson would like to go with Milde and option C. Tonn also recommends Milde but would like to know the difference between Market update and Full Reval. Hansen suggested bringing Milde in to the 22nd meeting to ask questions.

7. 2020 Budget

Summary Budget Report – Ostrander handed out the spreadsheet showing what all the departments were requesting and what categories are higher or lower than last year

Levy Limit – allowed $2,020,880 Expenditure Restraint Tax Rate Calculation – 2% increase; need to rotate PD vehicle every year; regarding road repair the city is

applying for grants through the state for Sauk St, Fair St and the corridor walkway (90% grants) Once you are approved for the grant you have 6 years to complete the project. Gay St needs to be done before 2023. Tonn is suggesting cutting the PD budget since that has increased drastically. Take a one year pause to have a public education meeting with the school and/or the town to receive additional funding for the police dept. Tonn also suggested that the city contracts with the county when the chief is on paid time off.Miller thinks Parks need to have a revenue source to help pay for some of the debt.

8. Next Meeting Date: Stevenson stated the meeting is Tuesday, October 22nd at 5 p.m.

9. Adjourn: MOTION (Hansen/Miller) to adjourn at 6:29. Motion carried.

Minutes by Sandra J. Bloechl, Accounting Manager/Treasurer



1. Call to OrderChair Stevenson called the meeting to order at 5:00 PM. Committee Members Present: Rich Stevenson, Eric Hansen, Paege Heckel, Ann Groves Lloyd and Suzanne MillerExcusesd: Peter TonnStaff Present: Julie Ostrander, Kennan Buhr, Dawn Collins, Sandy Bloechl


3. 2020 Budget

Summary Budget Report – Ostrander handed out the Budget Timeline, the spreadsheet summarizing what all the departments were requesting and what categories are higher or lower than last year. The final sheet was 2020 Budget Options which lists items that could be removed to make our tax limit

Levy Limit – allowed $2,020,880 – most that can be taxed Tax Rate Calculation – right now we are at $2,034,033 after all the reductions listed on the 2020 Budget

Options sheet, about another $14,000 needs to be cut

The city will be applying for several grants (90/10) for future road work and Spring Creek walkway with 6 years to complete the project. Heckel would like to see that the EMS employee raises are at 2% and no more.Miller recommends having a Park Ranger position that reports to the Chief instead of another officer.Comp Plan cost is over $10,000, Flood Plain Study - not moving forward which will free up money. Groves Lloyd suggests reviewing our needs and possibly looking at another company besides MSA. Milde Assessor will be coming to the next Finance HR meeting $14,000 will be taken out of the fund balance to balance the budget. Ostrander has been given the approval to go to the paper.

4. Next Meeting Date: Stevenson stated the next meeting is Tuesday, October 22nd at 5:00 p.m.

5. Adjourn: MOTION (Groves Lloyd/Heckel) to adjourn at 5:51. Motion carried.




1. Call to OrderChair Stevenson called the meeting to order at 5:00 PM. Committee Members Present: Rich Stevenson, Eric Hansen, Paege Heckel, Peter Tonn, Ann Groves Lloyd andSuzanne MillerStaff Present: Julie Ostrander, Kennan Buhr, Dawn Collins, Wayne Smith, Sandy BloechlOthers: Heather Wolf and Alisa Thies from Milde Appraisal


3. Review and Recommendation of Proposal for Assessment ServicesMarket assuming data is good and correct, full reval is revisit every property and take updated photos, if property owners don’t want you to enter their home assumptions would be made from other information – prior info or when it was last listed for sale. Property owners would be sent a letter explaining their rights. 10% rule = requiredto be within 10% of full market value every 5 years.MOTION (Groves Lloyd/Heckel) Recommendation to Council for Contracting with Milde Appraisal Services with Option C 2 years maintenance 1 year full revaluation. Motion carried.

4. Review and Recommendation of 2020 Proposed Budget for November 12th Public HearingCurrently 1.3 million in fund balance, Groves Lloyd is trying to verify rate increase for EMS employees. EMS Director is stating it is a 2% increase and not the 4% increase that shows on Groves Lloyd copy of the EMS budget. Tonn is against the removal of $250,000 for road improvements and also uncomfortable with the large Public Safetyincrease. Stevenson commented that the PD has been a revolving door with officers in the past and with bringing in the union and having a new Chief things should stabilize. Health insurance costs went up. Stevenson stated that the city has always budgeted for $250,000 for street projects every year and it was a hard to decide to remove it. Groves Lloyd is not comfortable by removing a position from the PD department. Groves Lloyd and Tonn would liketo see the library receive $3,000 more than budgeted.MOTION (Groves Lloyd/Miller) Recommendation of 2020 Proposed Budget for November 12th Public Hearing. Roll call vote taken – Ayes: (Stevenson, Groves Lloyd, Miller, Heckel); Nay: (Tonn, Hansen )

5. Adjourn: MOTION (Groves Lloyd/Heckel) to adjourn at 6:07. Motion carried.


,taoti ww0„din

Debt Service 28331 Debt Service Income Stmt

For the Nine Months Ending 9/30/2019

Account Description September 2019 YTD Total

Budget Remaining

Budget % of

Budget REVENUE General Property Tax $283,868.01 $283,868.01 100% Transfer from Donation Fund 106,000.00 106,000.00 100%

Total Revenue 389,868.01 389,868.01 100%

EXPENSE Principal 2012A GO $1,915,000 184,840.00 184,840.00 100% Principal 2013A GO Pool $2,045,000 100,000.00 100,000.00 100% Principal 2015A GO $1,635,000 78,210.00 78,210.00 100% Principal 2018B GO $915,000 - Levy $170,000 85,000.00 85,000.00 100% Interest & Fiscal Charges 2012A GO $1,915,000 15,503.46 15,503.46 100% Interest & Fiscal Charges 2013A GO Pool $2,045,000 27,907.50 54,765.00 26,857.50 51% Interest & Fiscal Charges 2015A GO $1,635,000 3,108.00 5,706.72 2,598.72 54% Interest & Fiscal Charges 2018B GO $915000-Levy $170,000 25,581.25 25,081.25 (500.00) 102%

Total Expense 520,150.21 549,106.43 28,956.22 95%

Net Income (130,282.20) (159,238.42) (28,956.22) 82%

1

General Fund 28100 Income Statement - Revenues

For the Nine Months EndingMonday, September 30, 2019


Budget Remaining

Budget % of

Budget Revenue General Property Taxes $0 $1,192,801 $1,192,801 $0 100% Personal Property Taxes 0 3,762 0 0 0% Taxes - Regulated Muni-Owned Electric & Water Utility 0 0 259,192 259,192 0% Special Assessments 0 12,315 11,000 0 112% State Exempt Computer Aid 0 854 834 0 102% State Fire Dues Distribution 0 11,627 10,476 0 111% State Shared Revenue 0 64,252 110,096 45,844 58% State Transportation Aids 0 120,530 160,780 40,250 75% Other State Payments 0 2,321 14,000 11,680 17% Payments for Municipal Service 506 8,286 0 0 0% Highway & Bridges 0 2,000 2,000 0 100% Liquor & Beer Licenses 0 8,100 8,700 600 93% Operator Licenses/Direct Sell 320 3,165 4,000 835 79% Amusement Device Licenses 0 240 135 0 178% Cigarette Licenses 0 700 900 200 78% Cable TV Franchise 0 21,658 28,800 7,142 75% Dog & Cat Licenses 10 1,892 1,900 8 100% Building - Single Family 0 9,750 12,000 2,250 81% Building - Duplex 0 0 3,000 3,000 0% Building - Commercial/Industri 0 0 500 500 0% Building - Residential-Alter/A 290 2,411 3,000 589 80% Bldg - Comm/Industr-Alter/Addt 0 844 1,700 856 50% Building - State Seal Fee 0 700 500 0 140% Zoning Permits & Inspection Fe 0 4,950 350 0 1,414% LAW Enforcement Fees & Vehicle Registration & Titles 40 1,150 1,100 0 105% Special Events 25 300 0 0 0% Court Penalties & Costs ECCJMC 2,532 18,980 25,000 6,020 76% Parking Violations 30 2,565 1,300 0 197% Copy Fees 15 145 400 255 36% Assessment Letter Fees 0 1,302 2,600 1,298 50% Law Enforcement Fees 60 720 400 0 180% Provision of Service 0 2,080 36,540 34,460 6% Interest 4,461 40,755 18,600 0 219% Rent 2,000 18,000 24,000 6,000 75% Insurance Recoveries 11,955 11,955 0 0 0% Donations & Contributions 0 25 0 0 0% Misc Revenue - All 2 2,087 4,500 2,413 46% Transfer from Capital Projects 0 0 53.708 53,708 0%

Total Revenue 22,244 1,573,221 1,994,812 421,591 79%

28100 INCOME STATEMENT EXPENSES

For the Nine Months Ending Monday, September 30, 2019


Budget Remaining

Budget % of

Budget EXPENSE Legislative $1,487 $13,178 $0 $0 0% Legal 1,101 15,311 20,000 4,689 77% General Administration 0 0 2,500 2,500 0% Mayor/Council/Officials 861 9,362 28,286 18,924 33% Administrative 8,658 76,379 0 0 0% Clerk 10,350 115,601 288,968 173,367 40% Personnel 131 786 2,100 1,314 37% Elections 150 3,477 5,650 2,173 62% Accounting 0 11,567 12,500 933 93% Treasury 2,555 23,819 0 0 0% Assessment of Property 0 11,525 12,000 475 96% Risk & Property Management 0 0 48,899 48,899 0% City or Village Hall 1,417 35,480 46,920 11,440 76% Library Building Repair Maintenance 0 2,210 8,700 6,490 25% Tax Refunds & Uncollect Taxes 1,945 43,456 0 0 0% Nondepart Insurance & Bonds 0 39,031 0 0 0% Law Enforcement 53,725 507,626 688,469 180,843 74% Provision of Service 0 0 24,800 24,800 0% Fire Protection 13,893 118,958 138,126 19,168 86% Ambulance 0 69,579 104,742 35,163 66% Inspection 1,834 12,894 19,000 6,106 68% Highway & Street Administratio 8,952 83,834 110,339 26,505 76% Shop Operations 462 13,222 21,135 7,913 63% Machinery Operations 1,960 22,330 33,000 10,670 68% Hwy & Street Maint & Construct 13,158 108,351 203,294 94,943 53% Snow & Ice 0 61,957 42,901 0 144% Traffic Control 0 3,319 4,000 681 83% Street Lighting 4,753 42,981 68,722 25,741 63% Sidewalks 0 1,393 3,500 2,107 40% Storm Sewers 0 0 1,500 1,500 0% Weed & Nuisance Control 74 891 1,500 609 59%

Trees & Brush 74 714 6,000 5,286 12% Parks 12,160 47,331 72,288 24,957 65% Community Events/Holiday Decorations 0 0 4,300 4,300 0% Planning 0 490 35,000 34,510 1% Zoning 4,285 22,891 0 0 0% Economic Development 7,918 7,932 41,500 33,568 19% Transfers to Other Funds 0 25,000 0 0 0% Transfer to Capital Projects 0 82,396 0 0 0%

Total Expense 151,902 1,635,271 2,100,639 465,368 78%

Net Change in Fund Balances (Deficit) (129,657) (62,050) 0 62,050 0% Fund Balances (Deficit) - Beginning Fund Balances (Deficit) - Ending

Discount AmountCheck

Nbr Type Date Vendor ID / NameTaken Paid

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City of Lodi

Check Register Summary - Standard

Period: 10-19 As of: 11/1/2019

Friday, November 01, 2019

DescriptionStatus

28100Company:

02890 lineman attire/02890 lineman attireOutstandingHC002198 02890 Amaril Uniform Company 0.0010/29/2019 1,007.25

02660 Hellenbrand GreenBay/02660 Hellenbrand

GreenBay

OutstandingHC002199 02660 Hotels 0.0010/29/2019 371.00

03025 24 Jacobsen fingers/03025 24 Jacobsen

fingers

OutstandingHC002200 03025 Kalscheur Implement Co., Inc. 0.0010/29/2019 145.48

02660 Wickham GreenBay/02660 Wickham

GreenBay

OutstandingHC002201 02660 Hotels 0.0010/29/2019 370.44

03154 WoodTrlrJackTripleBallMn/03154

WoodTrlrJackTripleBallMn

OutstandingHC002202 03154 FLEET FARM 0.0010/29/2019 939.16

02660 Markart GreenBay/02660 Markart GreenBayOutstandingHC002203 02660 Hotels 0.0010/29/2019 360.00

03235 Red Stable Braid/03235 Red Stable BraidOutstandingHC002204 03235 SHERRILLTRE 0.0010/29/2019 189.99

00342 Wolter/00342 WolterOutstandingHC002205 00342 WWOA 0.0010/29/2019 50.00

03241 FIVERR INTERNATIONAL/03241 FIVERR

INTERNATIONAL

OutstandingHC002206 03241 FIVERR INTERNATIONAL 0.0010/29/2019 226.80

03242 MAILCHIMP/03242 MAILCHIMPOutstandingHC002207 03242 MAILCHIMP 0.0010/29/2019 14.99

03005 Piggly Wiggly/03005 Piggly WigglyOutstandingHC002208 03005 Piggly Wiggly 0.0010/29/2019 25.09

00035 MADISON NEWSPAPERS INC/00035

MADISON NEWSPAPERS INC

OutstandingHC002209 00035 MADISON NEWSPAPERS INC 0.0010/29/2019 522.00

02779 Home Depot/02779 Home Depot/02779

Home Depot/02779 Home Depot

OutstandingHC002210 02779 Home Depot 0.0010/29/2019 449.25

02335 Marriott Hotels & Resort/02335 Marriott

Hotels & Resort

OutstandingHC002211 02335 Marriott Hotels & Resorts 0.0010/29/2019 168.36

03243 SQ CHILDRENS'S READ/03243 SQ

CHILDRENS'S READ

OutstandingHC002212 03243 SQ CHILDRENS'S READ 0.0010/29/2019 128.75



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Period: 10-19 As of: 11/1/2019


DescriptionStatus

02391 Amazon.com/02391 Amazon.com/02391

Amazon.com/02391 Amazon.com/02391





Amazon.com/02391 Amazon.com/More...

OutstandingHC002213 02391 Amazon.com 0.0010/29/2019 546.26

01114 TAS Communications/01114 TAS

Communications/01114 TAS



Communications/01114 TAS Communications

OutstandingHC002214 01114 TAS Communications 0.0010/29/2019 132.58

00684 Gordon Flesch Co Inc/00684 Gordon Flesch

Co Inc/00684 Gordon Flesch Co Inc/00684 Gordon

Flesch Co Inc/00684 Gordon Flesch Co Inc/00684

Gordon Flesch Co Inc/00684 Gordon Flesch Co

Inc/00684 Gordon Flesch Co Inc

OutstandingHC002215 00684 Gordon Flesch Co Inc 0.0010/29/2019 41.02

00335 Op License checks/00335 Op License

checks

OutstandingHC002216 00335 WI Dept of Justice 0.0010/29/2019 49.00

02794 business cards/02794 business cardsOutstandingHC002217 02794 Vistaprint 0.0010/29/2019 70.25

00335 Brown Training/00335 Brown TrainingOutstandingHC002218 00335 WI Dept of Justice 0.0010/29/2019 75.00

003244 data shred/003244 data shredOutstandingHC002219 003244 PELLITTERI WASTE SYSTEMS 0.0010/29/2019 65.00

03244 NeighborhoodWatchMembers/03244

NeighborhoodWatchMembers

OutstandingHC002220 03244 NATIONAL SHERRIFS ASSOC 0.0010/29/2019 25.00

02391 Amazon.com/02391 Amazon.comOutstandingHC002221 02391 Amazon.com 0.0010/29/2019 356.16

02602 EE Benefits meetings/02602 EE Benefits

meetings

OutstandingHC002222 02602 Dollar General 0.0010/29/2019 10.00

01175 WI Municipal Clerks Asc/01175 WI Municipal

Clerks Asc

OutstandingHC002223 01175 WI Municipal Clerks Asc 0.0010/29/2019 25.00

00896 Office Depot Inc/00896 Office Depot

Inc/00896 Office Depot Inc/00896 Office Depot

Inc/00896 Office Depot Inc/00896 Office Depot

Inc/00896 Office Depot Inc/00896 Office Depot Inc

OutstandingHC002224 00896 Office Depot Inc 0.0010/29/2019 19.36



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City of Lodi


Period: 10-19 As of: 11/1/2019


DescriptionStatus

01105 toner M605/01105 toner M605/01105 toner

M605/01105 toner M605/01105 toner M605/01105

toner M605/01105 toner M605/01105 toner M605

OutstandingHC002225 01105 Micron Business Products Inc 0.0010/29/2019 84.95

02391 Step Stool/02391 Step Stool/02391 Step

Stool/02391 Step Stool/02391 Step Stool/02391

Step Stool/02391 Step Stool/02391 Step

Stool/02391 Varidesk/02391 Varidesk/02391

Varidesk/02391 Varidesk/02391 Varidesk/02391

Varidesk/02391 Varidesk/More...

OutstandingHC002226 02391 Amazon.com 0.0010/29/2019 1,208.47

L&W FUSE ELEMENT/00084 BORDER

STATES/00084 BORDER STATES/00084

BORDER STATES/00084 BORDER

STATES/00084 BORDER STATES/L&W LINE

HOSE/L&W FUSE ELEMENT/L&W

SUPPLIES/L&W FUSE ELEMENT/00084 BORDER

STATES/00084 BORDER STATES/00084

BORDER STATES/More...

OutstandingCK020756 00084 BORDER STATES 0.0010/10/2019 799.56

L&W TIRES 92 F150 PU/00088 Police 2015 Ford

F150/00088 2000 F150/L&W TIRES 92 F150

PU/00088 Police 2015 Ford F150/00088 2000

F150/L&W TIRES FOR 92F150 PU/L&W TIRES

FOR 92F150 PU

OutstandingCK020757 00088 BUSHNELL FORD INC 0.0010/10/2019 394.78

00207 EMS Assist/Alarm Activat/00207 EMS

Assist/Alarm Activat

OutstandingCK020758 00207 LODI AREA FIRE DEPARTMENT 0.0010/10/2019 1,275.00

00235 FloodplainRevis11/18-9/2/00235 ArcGIS

8/4-9/14/19/00235 Multi-UseTrail8/18-9/14//00235

ArcGIS 8/4-9/14/19/00235

FloodplainRevis11/18-9/2/00235

Multi-UseTrail8/18-9/14/

OutstandingCK020759 00235 MSA PROFESSIONAL SERVICES 0.0010/10/2019 4,041.26

00244 NORTH CENTRAL LABORATORI/00244

NORTH CENTRAL LABORATORI

OutstandingCK020760 00244 NORTH CENTRAL LABORATORIES INC 0.0010/10/2019 354.78

00282 Greenhouse Grant/00282 Greenhouse GrantOutstandingCK020761 00282 SCHOOL DISTRICT OF LODI 0.0010/10/2019 5,000.00

00343 WOLF PAVING & EXCAVATING/00343

WOLF PAVING & EXCAVATING

OutstandingCK020762 00343 WOLF PAVING & EXCAVATING CO 0.0010/10/2019 413.10

01679 Bacteria Sample/01679 Bacteria SampleOutstandingCK020763 01679 WATER COMPLIANCE SPECIALISTS 0.0010/10/2019 30.00

01779 GENERAL CODE/01779 GENERAL CODEOutstandingCK020764 01779 GENERAL CODE 0.0010/10/2019 472.51



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Period: 10-19 As of: 11/1/2019


DescriptionStatus

01869 CINTAS CORPORATION/01869 CINTAS

CORPORATION/01869 CINTAS







CORPORATION/01869 CINTAS CORPORATION+

OutstandingCK020765 01869 CINTAS CORPORATION 0.0010/10/2019 150.71

02147 LANDMARK SERVICES COOPER/02147

LANDMARK SERVICES COOPER

OutstandingCK020766 02147 LANDMARK SERVICES COOPERATIVE 0.0010/10/2019 3,729.55

003511 CAFCC Flex Child Care/003511 CAFCC

Flex Child Care/003511 CAFMED Flex

Medical/003511 CAFMED Flex Medical

OutstandingCK020767 02153 WI RIVER BANK 0.0010/10/2019 377.15

02427 INFOSEND/02427 INFOSEND/02427

INFOSEND/02427 INFOSEND/02427

INFOSEND/02427 INFOSEND

OutstandingCK020768 02427 INFOSEND 0.0010/10/2019 786.64

02469 September 2019/02469 September 2019OutstandingCK020769 02469 FENLEY TOTAL INSPECTIONS LLC 0.0010/10/2019 1,154.50

003511 UNION Union Dues/003511 UNION Union

Dues

OutstandingCK020770 03082 WPPA, Inc 0.0010/10/2019 168.00

00024 HAWKINS, INC/00024 HAWKINS, INCOutstandingCK020771 00024 HAWKINS, INC 0.0010/28/2019 1,050.76

00088 BUSHNELL FORD INC/00088 BUSHNELL

FORD INC/00088 BUSHNELL FORD INC/00088

BUSHNELL FORD INC

OutstandingCK020772 00088 BUSHNELL FORD INC 0.0010/28/2019 133.78

00144 Label Protector/00144 Label ProtectorOutstandingCK020773 00144 DEMCO 0.0010/28/2019 98.97

00194 LANZENDORF EXCAVATING &/00194

LANZENDORF EXCAVATING &

OutstandingCK020774 00194 LANZENDORF EXCAVATING & LANDSCAPE 0.0010/28/2019 114.93

00235 9/15-10/12 HWY Sewer/00235 9/15-10/12

HWY Sewer/00235 9/15-10/12 Walk Bridge/00235

9/15-10/12 Walk Bridge

OutstandingCK020775 00235 MSA PROFESSIONAL SERVICES 0.0010/28/2019 1,217.23

01679 Bacteria Sample/01679 Bacteria SampleOutstandingCK020776 01679 WATER COMPLIANCE SPECIALISTS 0.0010/28/2019 120.00



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Period: 10-19 As of: 11/1/2019


DescriptionStatus










OutstandingCK020777 01869 CINTAS CORPORATION 0.0010/28/2019 171.36



Medical/003515 CAFMED Flex Medical

OutstandingCK020778 02153 WI RIVER BANK 0.0010/28/2019 377.15

02397 SEERA Oct 2019/02397 SEERA Oct 2019OutstandingCK020779 02397 SEERA 0.0010/28/2019 1,202.49

02997 Police Rent Nov 2019/02997 Police Rent

Nov 2019

OutstandingCK020780 02997 3 DEGREE VENTURES 0.0010/28/2019 1,300.00

03169 SUPERIOR VISION INSURANC/03169

SUPERIOR VISION INSURANC

OutstandingCK020781 03169 SUPERIOR VISION INSURANCE PLAN OF WI 0.0010/28/2019 51.58

03049 2015A GO int/03049 2015A GO int/03049

2015A GO int/03049 2015A GO int/03049 2015A

GO int/03049 2015A GO int/03049 2015A GO

int/03049 2015A GO int

OutstandingCK020782 03049 JP Morgan CHASE DTCC 0.0010/31/2019 7,477.50

03049 2012B MRB int/03049 2012B MRB intOutstandingCK020783 03049 JP Morgan CHASE DTCC 0.0010/31/2019 6,025.00

00043 2019-2020AdvanceAssmnt/00043

2019-2020AdvanceAssmnt

OutstandingCK020784 00043 PUBLIC SERVICE COMMISSION 0.0010/31/2019 3,777.29

03035 BarBuddies Jan/Feb Grant/03035 BAR

BUDDIES LODI/03035 BAR BUDDIES LODI/03035

BarBuddies Jan/Feb Grant/03035 BAR BUDDIES

LODI/03035 BAR BUDDIES LODI

OutstandingCK020785 03035 BAR BUDDIES LODI 0.0010/31/2019 7,201.42

00051 WI DEPT OF REVENUE/00051 WI DEPT

OF REVENUE/00051 WI Sales Tax Sept

2019/00051 WI DEPT OF REVENUE/00051 WI

DEPT OF REVENUE/00051 WI Sales Tax Sept

2019/00051 WI Sales Tax Sept 2019/00051 WI

Sales Tax Sept 2019

OutstandingCK020786 00051 WI DEPT OF REVENUE 0.0010/31/2019 17,879.42



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Company:

6 of 14

03699W.rpt

28100

City of Lodi


Period: 10-19 As of: 11/1/2019


DescriptionStatus

00053 shared savings loan/00053 shared savings

loan/00053 Power bill/00053 Power bill/00053 Meter

system/00053 Meter system/00053 Northstar/00053

Northstar/00053 Northstar/00053 Northstar/00053

Northstar/00053 Northstar/00053 Network Support

& Dynami+

OutstandingCK020787 00053 WPPI ENERGY 0.0010/31/2019 200,715.01

003504 VLINSA Voluntary Ins. A/003511 VLINSA

Voluntary Ins. A/003515 VLINSA Voluntary Ins.

A/003520 VLINSA Voluntary Ins. A/003504 VLINSA

Voluntary Ins. A/003511 VLINSA Voluntary Ins.

A/003515 VLINSA Voluntary Ins. A/003520 VLINSA

Voluntary Ins. A+

OutstandingCK020788 00059 AFLAC 0.0010/31/2019 1,988.72

003515 HLTADJ one time health/003511 HLTADJ

one time health/003515 HLTADJ one time

health/003511 HLTADJ one time health/003511

HLTE40 Health Ins/40% E/003515 HLTE40 Health

Ins/40% E/003511 HLTE40 Health Ins/40%

E/003515 HLTE40 Health Ins/40% E/More...

OutstandingCK020789 00165 EMPLOYEE TRUST FUNDS -INS PMT 0.0010/31/2019 23,072.90

00209 Lodi Utilities/00209 Lodi UtilitiesOutstandingCK020790 00209 Lodi Utilities 0.0010/31/2019 364.70

00447 Internal Revenue Service/00447 Internal

Revenue Service/00447 Internal Revenue

Service/00447 Internal Revenue Service/00447

Internal Revenue Service/00447 Internal Revenue

Service/00447 Internal Revenue Service/00447

Internal Revenue Service

OutstandingCK020791 00447 Internal Revenue Service 0.0010/31/2019 26,721.47

003504 RETEMP Retirement Emplo/003499

RETEMP Retirement Emplo/003504 RETEMP

Retirement Emplo/003499 RETEMP Retirement

Emplo/003504 RETER Retirement-Employ/003499

RETER Retirement-Employ/003504 RETER

Retirement-Employ/003499 RETER

Retirement-Employ+

OutstandingCK020792 01342 WI Retirement System 0.0010/31/2019 14,353.81

01413 WI SCTF/ExpertPay/01413 WI

SCTF/ExpertPay/01413 WI SCTF/ExpertPay/01413

WI SCTF/ExpertPay

OutstandingCK020793 01413 WI SCTF/ExpertPay 0.0010/31/2019 1,600.00



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Company:

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03699W.rpt

28100

City of Lodi


Period: 10-19 As of: 11/1/2019


DescriptionStatus

003515 ROTH WDC ROTH IRA/003520 ROTH

WDC ROTH IRA/003511 ROTH WDC ROTH

IRA/003520 ROTH WDC ROTH IRA/003515 ROTH

WDC ROTH IRA/003511 ROTH WDC ROTH

IRA/003515 ROTH P WDC ROTH IRA/003511

ROTH P WDC ROTH IRA/003520 ROTH P WDC

ROTH IRA/More...

OutstandingCK020794 01839 Great-West Retirement Services 0.0010/31/2019 4,711.78

02018 JP Morgan Chase Bank/02018 JP Morgan

Chase Bank

OutstandingCK020795 02018 JP Morgan Chase Bank 0.0010/31/2019 7,676.61

03035 BAR BUDDIES LODI/03035 BarBuddies

Jan/Feb Grant/03035 BAR BUDDIES LODI/03035

BAR BUDDIES LODI/03035 BAR BUDDIES

LODI/03035 BarBuddies Jan/Feb Grant

VoidVC233325 03035 BAR BUDDIES LODI 0.0010/29/2019 -7,201.42

00074 BAKER & TAYLOR/00074 BAKER &

TAYLOR

VoidVC233345 00074 BAKER & TAYLOR 0.0010/31/2019 -321.44

03205 SSM HEALTH MEDICAL GROUP/03205

SSM HEALTH MEDICAL GROUP

VoidVC233373 03205 SSM HEALTH MEDICAL GROUP 0.0010/31/2019 -27.00

03053 Stump Grinder/03053 Stump GrinderVoidVC233499 03053 BOBCAT OF MADISON, INC. 0.0010/9/2019 -195.00

00058 ADVANCED CONCRETE/00058

ADVANCED CONCRETE

OutstandingCK233505 00058 ADVANCED CONCRETE 0.0010/10/2019 1,281.00


TAYLOR/00074 BAKER & TAYLOR/00074 BAKER

& TAYLOR

OutstandingCK233506 00074 BAKER & TAYLOR 0.0010/10/2019 1,282.02

00096 US CELLULAR/00096 US CELLULAR/00096

US CELLULAR/00096 US CELLULAR/00096 US

CELLULAR/00096 US CELLULAR/00096 US




CELLULAR/00096 US CELLULAR+

OutstandingCK233507 00096 US CELLULAR 0.0010/10/2019 684.73

00117 COLUMBIA CTY HUMANE SOCI/00117

COLUMBIA CTY HUMANE SOCI

OutstandingCK233508 00117 COLUMBIA CTY HUMANE SOCIETY 0.0010/10/2019 350.00

00141 LLOYD W MILLER/00141 LLOYD W

MILLER

OutstandingCK233509 00141 LLOYD W MILLER 0.0010/10/2019 2,580.88

00185 flood repair/00185 flood repair/00185 flood

repair/00185 flood repair/00185 flood repair/00185

flood repair

OutstandingCK233510 00185 K&M TIE & LUMBER INC. 0.0010/10/2019 22,500.00



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Company:

8 of 14

03699W.rpt

28100

City of Lodi


Period: 10-19 As of: 11/1/2019


DescriptionStatus

00190 KOLTES - 923247 - CITY H/00190 KOLTES

- 923247 - CITY H

OutstandingCK233511 00190 KOLTES - 923247 - CITY HALL 0.0010/10/2019 649.01

00204 KOLTES - 92346 - L&W/00204 KOLTES -

92346 - L&W

OutstandingCK233512 00204 KOLTES - 92346 - L&W 0.0010/10/2019 93.02

00211 LODI GLASS & MIRROR/00211 LODI

GLASS & MIRROR

OutstandingCK233513 00211 LODI GLASS & MIRROR 0.0010/10/2019 135.84

00212 LODI SHELL/00212 LODI SHELL/00212

LODI SHELL/00212 LODI SHELL

OutstandingCK233514 00212 LODI SHELL 0.0010/10/2019 52.45

00215 ReplaceUPSBatteriesReyno/00215

ReplaceUPSBatteriesReyno

OutstandingCK233515 00215 LW ALLEN LLC 0.0010/10/2019 1,923.56

00218 MADISON GAS & ELECTRIC/00218

MADISON GAS & ELECTRIC

OutstandingCK233516 00218 MADISON GAS & ELECTRIC 0.0010/10/2019 13.97

00270 RHYME BUSINESS PRODUCTS/00270

RHYME BUSINESS PRODUCTS

OutstandingCK233517 00270 RHYME BUSINESS PRODUCTS 0.0010/10/2019 2,000.00

00329 TOTAL WATER OF BARABOO/00329

TOTAL WATER OF BARABOO/00329 TOTAL

WATER OF BARABOO/00329 TOTAL WATER OF

BARABOO

OutstandingCK233518 00329 TOTAL WATER OF BARABOO 0.0010/10/2019 54.75

00342 Wickham dues/00342 Wickham duesOutstandingCK233519 00342 WWOA 0.0010/10/2019 50.00

00346 Fluoride/00346 FluorideOutstandingCK233520 00346 WI STATE LAB OF HYGIENE 0.0010/10/2019 26.00

00910 COLUMBIA CTY SOLID WASTE/00910

COLUMBIA CTY SOLID WASTE/00910

COLUMBIA CTY SOLID WASTE/00910

COLUMBIA CTY SOLID WASTE

OutstandingCK233521 00910 COLUMBIA CTY SOLID WASTE 0.0010/10/2019 13,351.08

01305 KOLTES - 924130 - LIBRAR/01305 KOLTES

- 924130 - LIBRAR

OutstandingCK233522 01305 KOLTES - 924130 - LIBRARY 0.0010/10/2019 42.99

01306 KOLTES - 61057 - PARKS D/01306

KOLTES - 61057 - PARKS D/01306 wrong

vendor/01306 wrong vendor/01306 KOLTES -

61057 - PARKS D/01306 KOLTES - 61057 -

PARKS D/01306 KOLTES - 61057 - PARKS

D/01306 KOLTES - 61057 - PARKS D/01306 wrong

vendor/More...

OutstandingCK233523 01306 KOLTES - 61057 - PARKS DEPT 0.0010/10/2019 9.07



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Company:

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03699W.rpt

28100

City of Lodi


Period: 10-19 As of: 11/1/2019


DescriptionStatus

01354 CHARTER COMMUNICATIONS/01354

CHARTER COMMUNICATIONS/01354 CHARTER

COMMUNICATIONS/01354 CHARTER





COMMUNICATIONS/More...

OutstandingCK233524 01354 CHARTER COMMUNICATIONS 0.0010/10/2019 622.51

003511 LIFEEE Life Ins/Employe/003511 LIFEEE

Life Ins/Employe/003511 LIFEER Life

Ins/Employe/003511 LIFEER Life Ins/Employe

OutstandingCK233525 01698 MINNESOTA LIFE INSURANCE CO 0.0010/10/2019 363.29

02053 City Hall Inspection/02053 City Hall

Inspection

OutstandingCK233526 02053 MIDWEST ALARM SERVICES 0.0010/10/2019 648.00

02219 Chain Saw Repair/02219 MIDDLETON

POWER CENTER/02219 Chain Saw Repair/02219

MIDDLETON POWER CENTER

OutstandingCK233527 02219 MIDDLETON POWER CENTER 0.0010/10/2019 197.94

02671 W. Smith Physical PrePla/02671 W. Smith

Physical PrePla

OutstandingCK233528 02671 OCCUPATIONAL HEALTH CTRS OF SW PA 0.0010/10/2019 122.00

02672 Yellow Tags/02672 Yellow TagsOutstandingCK233529 02672 MINUTEMAN PRESS 0.0010/10/2019 79.94

02860 LDI-80/02860 LDI-80OutstandingCK233530 02860 Jane Morgan Memorial Library 0.0010/10/2019 460.80

02947 TG TIRE SERVICE LLC/02947 TG TIRE

SERVICE LLC/02947 TG TIRE SERVICE

LLC/02947 TG TIRE SERVICE LLC

OutstandingCK233531 02947 TG TIRE SERVICE LLC 0.0010/10/2019 98.00

03012 ADVANCE AUTO PARTS/03012

return/03012 ADVANCE AUTO PARTS/03012

ADVANCE AUTO PARTS/03012 ADVANCE AUTO

PARTS/03012 ADVANCE AUTO PARTS/03012

return/03012 ADVANCE AUTO PARTS/03012

ADVANCE AUTO PARTS/03012 ADVANCE AUTO

PARTS

OutstandingCK233532 03012 ADVANCE AUTO PARTS 0.0010/10/2019 40.22

03028 BOARDMANCLARK/03028

BOARDMANCLARK/03028

BOARDMANCLARK/03028 BOARDMANCLARK

OutstandingCK233533 03028 BOARDMANCLARK 0.0010/10/2019 883.60



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Company:

10 of 14

03699W.rpt

28100

City of Lodi


Period: 10-19 As of: 11/1/2019


DescriptionStatus

03136 BOND TRUST SERVICES CORP/03136

BOND TRUST SERVICES CORP/03136 BOND

TRUST SERVICES CORP/03136 BOND TRUST

SERVICES CORP/03136 BOND TRUST


SERVICES CORP

OutstandingCK233534 03136 BOND TRUST SERVICES CORPORATION 0.0010/10/2019 42,148.75

03140 PROGRAMMED CLEANING INC/03140

PROGRAMMED CLEANING INC/03140

PROGRAMMED CLEANING INC/03140

PROGRAMMED CLEANING INC

OutstandingCK233535 03140 PROGRAMMED CLEANING INC 0.0010/10/2019 1,421.39

03146 GasketMaterialLiftStatio/03146

GasketMaterialLiftStatio

OutstandingCK233536 03146 WATER TOWER CLEAN & COAT INC 0.0010/10/2019 100.00

03180 PREMIUM COMPUTER SERVICE/03180

PREMIUM COMPUTER SERVICE

OutstandingCK233537 03180 PREMIUM COMPUTER SERVICES, INC 0.0010/10/2019 1,963.75

03218 MILLERBERND MFG - BIN #1/03218

MILLERBERND MFG - BIN #1

OutstandingCK233538 03218 MILLERBERND MFG - BIN #135076 0.0010/10/2019 136.97

03238 Online Policy Manual Pol/03238 Online

Policy Manual Pol

OutstandingCK233539 03238 LEXIPOL LLC 0.0010/10/2019 1,367.00

03239 StableBraidEyeSplice/03239

StableBraidEyeSplice

OutstandingCK233540 03239 SHERRILL INC 0.0010/10/2019 189.99

00024 HAWKINS, INC/00024 HAWKINS,

INC/00024 HAWKINS, INC/00024 HAWKINS, INC

VoidVC233541 00024 HAWKINS, INC 0.0010/28/2019 0.00

00088 BUSHNELL FORD INC/00088 BUSHNELL

FORD INC/00088 BUSHNELL FORD INC/00088

BUSHNELL FORD INC/00088 BUSHNELL FORD

INC/00088 BUSHNELL FORD INC/00088

BUSHNELL FORD INC/00088 BUSHNELL FORD

INC

VoidVC233542 00088 BUSHNELL FORD INC 0.0010/28/2019 0.00

00144 Label Protector/00144 Label Protector/00144

Label Protector/00144 Label Protector

VoidVC233543 00144 DEMCO 0.0010/28/2019 0.00

00194 LANZENDORF EXCAVATING &/00194

LANZENDORF EXCAVATING &/00194

LANZENDORF EXCAVATING &/00194

LANZENDORF EXCAVATING &

VoidVC233544 00194 LANZENDORF EXCAVATING & LANDSCAPE 0.0010/28/2019 0.00



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Company:

11 of 14

03699W.rpt

28100

City of Lodi


Period: 10-19 As of: 11/1/2019


DescriptionStatus

00235 9/15-10/12 HWY Sewer/00235 9/15-10/12

HWY Sewer/00235 9/15-10/12 Walk Bridge/00235

9/15-10/12 Walk Bridge/00235 9/15-10/12 Walk

Bridge/00235 9/15-10/12 HWY Sewer/00235

9/15-10/12 Walk Bridge/00235 9/15-10/12 HWY

Sewer

VoidVC233545 00235 MSA PROFESSIONAL SERVICES 0.0010/28/2019 0.00

01679 Bacteria Sample/01679 Bacteria

Sample/01679 Bacteria Sample/01679 Bacteria

Sample

VoidVC233546 01679 WATER COMPLIANCE SPECIALISTS 0.0010/28/2019 0.00










VoidVC233547 01869 CINTAS CORPORATION 0.0010/28/2019 0.00



Medical/003515 CAFMED Flex Medical/003515

CAFCC Flex Child Care/003515 CAFCC Flex Child

Care/003515 CAFMED Flex Medical/003515

CAFMED Flex Medical

VoidVC233548 02153 WI RIVER BANK 0.0010/28/2019 0.00

02397 SEERA Oct 2019/02397 SEERA Oct

2019/02397 SEERA Oct 2019/02397 SEERA Oct

2019

VoidVC233549 02397 SEERA 0.0010/28/2019 0.00

02997 Police Rent Nov 2019/02997 Police Rent

Nov 2019/02997 Police Rent Nov 2019/02997

Police Rent Nov 2019

VoidVC233550 02997 3 DEGREE VENTURES 0.0010/28/2019 0.00

03169 SUPERIOR VISION INSURANC/03169

SUPERIOR VISION INSURANC/03169 SUPERIOR

VISION INSURANC/03169 SUPERIOR VISION

INSURANC

VoidVC233551 03169 SUPERIOR VISION INSURANCE PLAN OF WI 0.0010/28/2019 0.00

00029 LAWSON PRODUCTS INC/00029 LAWSON

PRODUCTS INC/00029 LAWSON PRODUCTS

INC/00029 LAWSON PRODUCTS INC

OutstandingCK233552 00029 LAWSON PRODUCTS INC 0.0010/24/2019 442.18


TAYLOR

OutstandingCK233553 00074 BAKER & TAYLOR 0.0010/24/2019 175.53



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Company:

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03699W.rpt

28100

City of Lodi


Period: 10-19 As of: 11/1/2019


DescriptionStatus

00085 BROOKS TRACTOR/00085 Oil Filter/00085

Oil Filter/00085 BROOKS TRACTOR

OutstandingCK233554 00085 BROOKS TRACTOR 0.0010/24/2019 5,516.52

00125 CRESCENT ELECTRIC SUPPLY/00125

CRESCENT ELECTRIC SUPPLY/00125






CRESCENT ELECTRIC SUPPLY+

OutstandingCK233555 00125 CRESCENT ELECTRIC SUPPLY COMPANY 0.0010/24/2019 46.47

00126 WI DEPT OF JUSTICE - TIM/00126 WI

DEPT OF JUSTICE - TIM

OutstandingCK233556 00126 WI DEPT OF JUSTICE - TIME 0.0010/24/2019 222.00

00393 HILLESTAD REFRIGERATION,/00393

HILLESTAD REFRIGERATION,

OutstandingCK233557 00393 HILLESTAD REFRIGERATION, INC 0.0010/24/2019 628.05

00476 Alliant Energy / WP&L/00476 Alliant Energy /

WP&L

OutstandingCK233558 00476 Alliant Energy / WP&L 0.0010/24/2019 16.97

01083 HOMETOWN NEWS LIMITED PA/01083

HOMETOWN NEWS LIMITED PA

OutstandingCK233559 01083 HOMETOWN NEWS LIMITED PARTNERSHIP 0.0010/24/2019 137.79

01354 CHARTER COMMUNICATIONS/01354

CHARTER COMMUNICATIONS

OutstandingCK233560 01354 CHARTER COMMUNICATIONS 0.0010/24/2019 84.99

01401 Sept-Oct 4 Police Servic/01401 Tower Lease

Sept 2019/01401 Tower Lease Sept 2019/01401

Sept-Oct 4 Police Servic

OutstandingCK233561 01401 COLUMBIA CTY ACCOUNTING 0.0010/24/2019 16,281.70

01431 LAW ENFORCEMENT SYSTEMS/01431

LAW ENFORCEMENT SYSTEMS

OutstandingCK233562 01431 LAW ENFORCEMENT SYSTEMS INC 0.0010/24/2019 154.00

01491 TRI COUNTY PAVING INC/01491 TRI

COUNTY PAVING INC

OutstandingCK233563 01491 TRI COUNTY PAVING INC 0.0010/24/2019 2,814.00

01535 TRUCK COUNTRY/01535 TRUCK

COUNTRY/01535 TRUCK COUNTRY/01535

TRUCK COUNTRY

OutstandingCK233564 01535 TRUCK COUNTRY 0.0010/24/2019 100.58

02219 MIDDLETON POWER CENTER/02219

MIDDLETON POWER CENTER

OutstandingCK233565 02219 MIDDLETON POWER CENTER 0.0010/24/2019 132.44

02302 FRONTIER/02302 FRONTIER/02302

FRONTIER/02302 FRONTIER/02302

FRONTIER/02302 FRONTIER

OutstandingCK233566 02302 FRONTIER 0.0010/24/2019 836.63



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Company:

13 of 14

03699W.rpt

28100

City of Lodi


Period: 10-19 As of: 11/1/2019


DescriptionStatus

02539 Bldg Deposit Refund/02539 Bldg Deposit

Refund

OutstandingCK233567 02539 TREVOR JOHNSON 0.0010/24/2019 1,000.00

02849 MAILFINANCE/02849 MAILFINANCE/02849

MAILFINANCE/02849 MAILFINANCE/02849

MAILFINANCE/02849 MAILFINANCE/02849

MAILFINANCE/02849 MAILFINANCE

OutstandingCK233568 02849 MAILFINANCE 0.0010/24/2019 257.14

02866 US POSTAL SERVICE (NEOPO/02866 US

POSTAL SERVICE (NEOPO/02866 US POSTAL

SERVICE (NEOPO/02866 US POSTAL SERVICE

(NEOPO/02866 US POSTAL SERVICE



(NEOPO/02866 US POSTAL SERVICE (NEOPO

OutstandingCK233569 02866 US POSTAL SERVICE (NEOPOST POSTAGE) 0.0010/24/2019 1,000.00

02908 FSA-Admin Fees/02908 FSA-Admin FeesOutstandingCK233570 02908 TASC 0.0010/24/2019 51.30

02942 TOP PACK DEFENSE LLC/02942 TOP

PACK DEFENSE LLC

OutstandingCK233571 02942 TOP PACK DEFENSE LLC 0.0010/24/2019 134.99

02947 TG TIRE SERVICE LLC/02947 TG TIRE

SERVICE LLC

OutstandingCK233572 02947 TG TIRE SERVICE LLC 0.0010/24/2019 30.00

03001 Annual Tax Software/03001 Annual Tax

Software

OutstandingCK233573 03001 TRANSCENDENT TECHNOLOGIES 0.0010/24/2019 703.00

03012 ADVANCE AUTO PARTS/03012 ADVANCE

AUTO PARTS/03012 ADVANCE AUTO

PARTS/03012 ADVANCE AUTO PARTS/03012

ADVANCE AUTO PARTS/03012 Seafoam/03012

ADVANCE AUTO PARTS/03012 Artic Ban/03012

ADVANCE AUTO PARTS/03012 Artic Ban/03012

Seafoam/More...

OutstandingCK233574 03012 ADVANCE AUTO PARTS 0.0010/24/2019 441.26

03028 BOARDMANCLARK/03028

BOARDMANCLARK

OutstandingCK233575 03028 BOARDMANCLARK 0.0010/24/2019 396.50

03102 Dist System Refund/03102 Dist System

Refund

OutstandingCK233576 03102 HBI ENTERPRISES 0.0010/24/2019 386.00

03118 W. Smith Eval/03118 W. Smith EvalOutstandingCK233577 03118 THE PSYCHOLOGY CENTER SC 0.0010/24/2019 800.00



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Company:

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03699W.rpt

28100

City of Lodi


Period: 10-19 As of: 11/1/2019


DescriptionStatus

03136 BOND TRUST SERVICES CORP/03136

BOND TRUST SERVICES CORP/03136 BOND

TRUST SERVICES CORP/03136 BOND TRUST



SERVICES CORP

OutstandingCK233578 03136 BOND TRUST SERVICES CORPORATION 0.0010/24/2019 400.00

03184 boiler work/03184 boiler workOutstandingCK233579 03184 GENERAL HEATING & AIR CONDITIONING, INC 0.0010/24/2019 556.00

03240 MUNDT PAINTING & SANDBLA/03240

MUNDT PAINTING & SANDBLA

OutstandingCK233580 03240 MUNDT PAINTING & SANDBLASTING LLC 0.0010/24/2019 2,800.00

Company Total 482,953.73

Net PayOtherStateFederalFICA MedFICATotalOvertimeRegular

Gross WagesCheck

Nmbr

Check

Date

Employee

ID

Employee

Name

City of Lodi

Summary PR Check Register

Page 1 of 3Printed: 11/1/2019 9:08:31AM

Period: 10-19 As of: 11/1/2019

02999User: SBLOECHL

15.00 0.00 15.00 0.93 0.22 0.00 0.00 0.00 13.85 017439 10/03/2019 BECS0 Stephanie E. Beckman

2,292.00 0.00 2,292.00 133.69 31.27 154.96 93.76 524.07 1,354.25 017440 10/03/2019 BEND0 David P Benesh

2,499.43 0.00 2,499.43 148.28 34.68 263.53 126.18 366.70 1,560.06 017441 10/03/2019 BLOS0 Sandra J. Bloechl

15.00 0.00 15.00 0.93 0.22 0.00 0.00 0.00 13.85 017442 10/03/2019 BREL0 Landon M. Breunig

1,999.40 140.82 2,140.22 115.58 27.03 138.45 89.68 348.74 1,420.74 017443 10/03/2019 BROB0 Bobbi J. Brown

3,523.20 0.00 3,523.20 203.71 47.64 407.35 177.89 628.53 2,058.08 017444 10/03/2019 BUHK0 Kennan K Buhr

299.00 0.00 299.00 18.54 4.34 0.00 0.00 0.00 276.12 017445 10/03/2019 BURJ0 Jodi L. Burgess

2,419.20 0.00 2,419.20 145.24 33.97 153.93 122.01 237.78 1,726.27 017446 10/03/2019 COLD0 Dawn A. Collins

962.08 0.00 962.08 58.68 13.72 26.81 26.06 88.58 748.23 017447 10/03/2019 COLR0 Rebecca M. Collyard

3,044.20 452.88 3,497.08 214.50 50.17 462.11 184.22 443.59 2,142.49 017448 10/03/2019 DEAC0 Carl J. Deans

274.88 0.00 274.88 17.04 3.99 0.00 1.33 0.00 252.52 017449 10/03/2019 GWYL0 Laurie L. Gwynne

200.00 0.00 200.00 12.40 2.90 0.00 0.00 0.00 184.70 017450 10/03/2019 HANE0 Eric C Hansen

1,890.16 70.41 1,960.57 121.56 28.43 211.63 99.11 172.72 1,327.12 017451 10/03/2019 HARC0 Caleb H Hartmann

200.00 0.00 200.00 12.40 2.90 0.00 0.00 0.00 184.70 017452 10/03/2019 HECP0 Paege L Heckel

51.00 0.00 51.00 3.16 0.74 0.00 0.00 0.00 47.10 017453 10/03/2019 HEIH0 Hannah E. Heider

2,138.60 0.00 2,138.60 122.53 28.66 57.63 93.42 275.72 1,560.64 017454 10/03/2019 HELA0 Andrew L Hellenbrand

2,120.80 79.53 2,200.33 133.91 31.32 234.40 106.38 296.35 1,397.97 017455 10/03/2019 JOHJ0 Jeffrey D Johnson

15.00 0.00 15.00 0.93 0.22 0.00 0.00 0.00 13.85 017456 10/03/2019 KELL0 Letha Kelsey Kloberdanz

2,076.80 0.00 2,076.80 128.76 30.11 144.12 104.55 158.43 1,510.83 017457 10/03/2019 LECA0 Alex J. LeClair

3,195.41 0.00 3,195.41 178.85 41.83 154.93 152.28 744.69 1,922.83 017458 10/03/2019 LINJ0 James R. Lincoln

200.00 0.00 200.00 12.40 2.90 0.00 0.00 0.00 184.70 017459 10/03/2019 LLOA0 Ann Groves Lloyd

2,663.40 0.00 2,663.40 161.18 37.69 335.83 137.70 278.38 1,712.62 017460 10/03/2019 MARD0 Daniel G Markart

1,627.20 0.00 1,627.20 94.82 22.17 101.34 66.42 215.05 1,127.40 017461 10/03/2019 MAYL0 Lanette K. Mayberry

1,877.60 0.00 1,877.60 116.41 27.23 194.57 93.67 261.31 1,184.41 017462 10/03/2019 MCCK0 Kyle M. McCarty

15.00 0.00 15.00 0.93 0.22 0.00 0.00 0.00 13.85 017463 10/03/2019 MCGT0 Thomas J McGowan

200.00 0.00 200.00 12.40 2.90 0.00 0.00 0.00 184.70 017464 10/03/2019 MILS0 Suzanne M Miller

800.00 0.00 800.00 49.60 11.60 163.33 11.07 0.00 564.40 017465 10/03/2019 NESJ0 James W Ness

3,301.53 0.00 3,301.53 188.71 44.13 248.31 163.95 524.84 2,131.59 017466 10/03/2019 OSTJ0 Julie A. Ostrander

959.00 0.00 959.00 59.46 13.91 100.52 32.20 0.00 752.91 017467 10/03/2019 PETJ1 James J. Peters

1,590.40 0.00 1,590.40 96.66 22.61 85.81 67.98 135.58 1,181.76 017468 10/03/2019 RANM0 Melissa R. Randall-O'Neil

1,206.44 0.00 1,206.44 74.80 17.49 51.20 43.35 79.02 940.58 017469 10/03/2019 RICP0 Peggy V. Richards

312.00 0.00 312.00 19.34 4.52 35.00 15.37 0.00 237.77 017470 10/03/2019 SCHD2 David C. Schroeder

93.50 0.00 93.50 5.80 1.36 0.00 0.00 0.00 86.34 017471 10/03/2019 SCHE0 Ember L. Schmidt

1,818.60 67.26 1,885.86 111.92 26.18 178.89 88.66 210.53 1,269.68 017472 10/03/2019 SCHR0 Ryan E. Schmitz

12.75 0.00 12.75 0.79 0.19 0.00 0.00 0.00 11.77 017473 10/03/2019 SIMB0 Benjamin Simplot

15.00 0.00 15.00 0.93 0.22 0.00 0.00 0.00 13.85 017474 10/03/2019 SMIC0 Christina Smith-Gallagher

1,523.40 252.86 1,776.26 108.58 25.39 140.77 91.14 800.00 610.38 017475 10/03/2019 SOPK0 Kevin M Sopha

200.00 0.00 200.00 12.40 2.90 0.00 0.00 0.00 184.70 017476 10/03/2019 STER0 Richard H Stevenson

2,502.40 0.00 2,502.40 145.89 34.12 133.32 86.47 858.45 1,244.15 017477 10/03/2019 SWEJ0 Jennifer A. Sweeney

93.50 0.00 93.50 5.80 1.36 0.00 0.00 0.00 86.34 017478 10/03/2019 THIJ0 Jensen C. Thieren

200.00 0.00 200.00 12.40 2.90 0.00 0.00 0.00 184.70 017479 10/03/2019 TONP0 Peter E Tonn


Gross WagesCheck

Nmbr

Check

Date

Employee

ID

Employee

Name

City of Lodi



Period: 10-19 As of: 11/1/2019

02999User: SBLOECHL

1,889.89 0.00 1,889.89 113.34 26.51 160.13 89.29 228.71 1,271.91 017480 10/03/2019 TREM0 Michael R. Trevarthen

15.00 0.00 15.00 0.93 0.22 0.00 0.00 0.00 13.85 017481 10/03/2019 VANA0 Adele Van Ness

15.00 0.00 15.00 0.93 0.22 0.00 0.00 0.00 13.85 017482 10/03/2019 WELW0 William E Welch

2,450.20 169.20 2,619.40 150.08 35.10 176.52 124.86 383.68 1,749.16 017483 10/03/2019 WICM0 Mark Wickham

2,396.02 165.42 2,561.44 142.32 33.28 186.13 119.58 496.59 1,583.54 017484 10/03/2019 WOLC0 Chad A. Wolter

598.00 0.00 598.00 37.08 8.67 14.42 11.81 0.00 526.02 017485 10/03/2019 ZIMJ0 John H. Zimm








3,019.21 353.81 3,373.02 208.36 48.73 441.75 178.41 433.35 2,062.42 017493 10/17/2019 DEAC0 Carl J. Deans












441.00 0.00 441.00 27.34 6.39 50.00 5.53 0.00 351.74 017505 10/17/2019 PETJ1 James J. Peters







1,692.40 0.00 1,692.40 98.11 22.94 132.20 72.95 220.85 1,145.35 017512 10/17/2019 SMIW0 Wayne A. Smith

1,498.40 224.76 1,723.16 106.84 24.99 137.39 89.02 800.00 564.92 017513 10/17/2019 SOPK0 Kevin M Sopha

146.88 0.00 146.88 9.11 2.13 0.00 0.00 0.00 135.64 017514 10/17/2019 SPEN0 Nancy L. Spencer






496.64 0.00 496.64 27.81 6.50 0.00 5.83 0.00 456.50 017520 10/17/2019 ZIMJ0 John H. Zimm


Gross WagesCheck

Nmbr

Check

Date

Employee

ID

Employee

Name

City of Lodi



Period: 10-19 As of: 11/1/2019

02999User: SBLOECHL








3,019.20 226.44 3,245.64 200.46 46.88 415.56 170.95 425.01 1,986.78 017528 10/31/2019 DEAC0 Carl J. Deans


















3,384.80 0.00 3,384.80 209.86 49.08 468.90 186.15 221.70 2,249.11 017546 10/31/2019 SMIW0 Wayne A. Smith

1,442.21 252.86 1,695.07 105.09 24.58 134.02 86.91 0.00 1,344.47 017547 10/31/2019 SOPK0 Kevin M Sopha






523.25 0.00 523.25 32.44 7.59 6.94 8.82 0.00 467.46 017553 10/31/2019 ZIMJ0 John H. Zimm

172,736.70 6,143.49 178,880.19 10,699.09 2,502.26 14,654.45 8,259.41 23,368.92 119,396.06

RESOLUTION 19-87

AMENDING THE CITY OF LODI BUDGETAMENDMENT NO. 2019-1

NOW THEREFORE, BE IT RESOLVED, that the City of Lodi, Columbia County, Wisconsin,amends the 2019 Budget as follows:

Adopted Fund Revenue/Expenditure Budget Amended Fund Revenue/Expenditure Budget

City Hall Repairs & Maint 28100-51610-13-240 $5,000 City Hall Repairs & Maint 28100-51610-13-240 $18,500

Adopted by the Common Council of the City of Lodi, Wisconsin, on this 12th day of November 2019.

____________________________________James W. Ness, Mayor

Attest: __________________________Dawn A. Collins, City Clerk

1

CITY OF LODI

INVESTMENT POLICY AND PUBLIC DEPOSITORIES

STATEMENT OF INTENT

It is the policy of the City of Lodi to invest public funds in a legal and safe manner which will provide the

highest investment return with regard for the maximum security, while meeting the daily cash flow

requirements of the City and conforming to applicable state and local statutes governing the investment of

public funds.

This investment policy is intended to designate public depositories for City funds and establish a policy

for investing. In addition, the policy will also outline the types of permissible City investments.

SCOPE

This investment policy applies to all City funds not immediately needed to meet the operating expenses of

the City. These funds shall, where permissible, be pooled together to achieve the best rate of return. The

following funds are covered by this investment policy: general, special revenue, debt service, capital

projects, sanitary sewer utility, water utility, electric utility, enterprise funds and trust and agency funds.

This policy will include any new funds created, unless specifically exempted.

STATEMENT OF PRUDENCE

Investments shall be made with judgement and care giving first consideration to the safety of investment,

then liquidity and finally yield. “Not withstanding any other provision of law, a treasurer who deposits

public moneys in any public depository, in compliance with s. 34.05, is thereby relieved of liability for

any loss of public moneys which results from the failure of any public depository to repay to the public

depositor the full amount of its deposits thus causing a loss as defined in s. 34.01 (2)” (Section 34.06 of

the Wisconsin Statutes). This policy should not be construed as to imply that an investor should engage

in speculative or risky investments. Nor does this policy condone leveraging for investment purposes.

OBJECTIVE

The primary objective, in priority order, of the City’s investment activities shall be:

Safety – Safety of principal is the foremost objective of the investment program. Investments of

the City shall be undertaken in a manner that seeks to ensure the preservation of capital in the

overall portfolio. Diversification may be a mechanism to achieve this goal. A second method to

insure safety is to collateralize certain investments.

Liquidity – The City’s investment portfolio will remain sufficiently liquid to enable the City to

meet all operating requirements, which might be reasonably anticipated.

Return on Investments (Yield) – The City’s investment portfolio shall be designed with the

objective of attaining a rate of return that meets the constraints of this investment policy and

market conditions.

ETHICS AND CONFLICTS OF INTEREST

Officers and employees involved in the investment process shall refrain from personal business activity

that could conflict with proper execution of the investment program or which could impair their ability to

make impartial investment decisions. Officers and investment officials shall disclose to the Director of

Administration any material financial interests in financial institutions that conduct business within this

jurisdiction.

2

AUTHORIZED INVESTMENTS

A. The following is a list of investments allowed under State law. Section 66.04(2) of the Wisconsin

Statutes, or as amended, governs the types of permissible investments. They are:

1. Time deposits with maturities that mature in not more than three (3) years.

2. Bonds or securities issued or guaranteed as to principal and interest by the federal

government, or by a commission, board or other instrumentality of the Federal

Government.

3. Bonds or securities of any county, city, drainage district, technical college district,

village, town or school district of the State of Wisconsin.

4. Any security which matures or which may be tendered for purchase at the option of

the holder within not more than seven (7) years of the date on which it is acquired, if

that security category assigned by Standard & Poor’s Corporation, Moody’s Investors

Service, or other similar nationally recognized rating agency or, if that security is

senior to, or on a parity with, a security of the same issuer which has a rating of “A”

by Standard & Poor’s Corporation or Moody’s Investors Service.

5. Securities of an open-end management investment company or investment trust, if

the investment company or investment trust does not charge a sales load, if the

investment company or investment trust is registered under the Investment Company

Act of 1940, 15 USC 80a-1 to 80a-64 and if the portfolio of the investment company

or investment trust is limited to the following:

a. Bonds and securities issued by the Federal Government or a commission,

board or other instrumentality of the Federal Government.

b. Bonds that are guaranteed as to principal and interest by the Federal

Government or a commission, board or other instrumentality of the Federal

Government.

c. Repurchase agreements that are fully collateralized by bonds or securities

under subdivisions 5.a. or b.

B. Any town, city or village may invest surplus funds in any bonds or securities issued under the

authority of the municipality, whether the bonds or securities created a general municipality liability

or a liability of the property owners of the municipality for special improvements, and may sell or

hypothecate the bonds or securities.

C. Any local government, as defined under Sec. 25.50(1)(d), may invest surplus funds in the Local

Government Pool Investment Fund.

D. Any county, city, village, town, school district, drainage district, technical college district or other

governing board, as defined by Sec. 34.01(1), may engage in financial transactions in which a public

depository, as defined in Sec. 34.01(5), agrees to repay funds advanced to it by the local government,

plus interest, if the agreement is secured by bonds or securities issued or guaranteed as to principal

and interest by the Federal government.

3

Suitable investments for the City of Lodi include, but are not limited to, the following:

A. State Local Government Investment Pool (LGIP)

B. Certificates of Deposit

C. U.S. Treasury Securities

D. Agency Securities

E. Commercial Paper

F. Repurchase Agreements

G. Cash Management Accounts

A Master Repurchase Agreement should specify the obligations and rights of both parties to the

transaction and provide remedies in case of default. There should be third-party safekeeping of the

collateral.

COLLATERALIZATION

Collateralization will be required for cash, Certificates of Deposits and Purchase Agreements held in

excess of FDIC insurance coverage. In order to anticipate market changes and provide a level of security

for all funds, the Collateralization level will be one hundred two percent (102%) of the market value of

principal and accrued interest. The amount of Collateralization should be revalued on a periodic basis.

The city chooses to limit collateral to securities of the U.S. Treasury and its agencies.

Collateral will always be held by an independent third party with whom the entity has a current custodial

agreement. A clearly marked evidence of ownership safekeeping receipt must be supplied to the City and

retained by the Director of Administration.

The right of collateral substitution is granted.

DIVERSIFICATION

The City will diversify its investments by security type and institution. With the exception of U.S.

Treasury securities and the State Local Government Investment Pool, it is recommended that no more

than seventy-five percent (75%) of the City’s total investment portfolio be invested in a single security

type.

MAXIMUM MATURITIES

A suitable maximum maturity for the City’s investments will not be more than three (3) years unless

approved for a longer period of time by the Common Council.

INTERNAL CONTROL

Each year, as part of the City’s annual audit by an external auditing firm, there will be an independent

review. This review will provide internal control by assuring compliance with this policy.

PERFORMANCE STANDARDS

The investment portfolio shall be designed with the objective of obtaining a rate of return throughout

budgetary and economic cycles, commensurate with the investment risk constraints and the cash flow

4

needs. A suitable benchmark for a measure of performance for a passive investment strategy is the rate of

return for either the State Local Government Investment Pool or the ninety (90) day U.S. Treasury Bill.

REPORTING

The Director of Administration shall make periodic reports to the Finance & Human Resources

Committee.

INVESTMENT POLICY ADOPTION

The City of Lodi’s investment policy is adopted by resolution by the Common Council. The policy shall

be reviewed periodically by the Director of Administration and modifications shall be presented by the

Director of Administration to the Finance & Human Resources Committee for recommendation to the

Common Council.

DELEGATION OF AUTHORITY

The Common Council delegates the authority to invest public funds to the Director of Administration or

designee. This delegation authorizes the Director of Administration, or designee, to purchase investments

for the City of Lodi. Responsibility is delegated to the Director of Administration, or designee, to

establish procedures to be used for safekeeping, wire transfers and other banking agreements, consistent

with this policy and a system of controls.

AUTHORIZED FINANCIAL INSTITUTIONS

The Common Council designates the following institutions as public depositories for the funds of the City

of Lodi as stated in 93-94, Secs. 34.01(5) and 34.05(1) of Wisconsin Statutes. These institutions are:

Associated Bank, Lodi

Wisconsin River Bank, Lodi

State of Wisconsin Local Government Investment Pool (LGIP)

MISCELLANEOUS

Definitions of words and phrases shall, insofar as applicable, have the meanings set forth in S34.01 of

Wisconsin Statutes, per the following Glossary and as amended.

This policy is enacted in accordance with the provisions of Chapter 34 and Secs. 66.04, 66.042 and

62.12(7) of Wisconsin Statutes. In case of conflict, the State laws shall prevail.

This policy shall continue in force until appealed or superseded by further resolution of the Common

Council.

GLOSSARY

Agencies: The debt securities of the Federal agencies which are owned entirely by the U.S. Government

and have been authorized by the Treasury to issue this debt. Some carry a direct guarantee of the U.S.

Government, while others carry an implied guarantee.

Bid: The price offered by a buyer of securities. When you are selling securities, you ask for a bid (see

Offer).

Broker: A broker brings buyers and sellers together for a commission.

Certificate of Deposit (CD): A time deposit with a specific maturity evidenced by a Certificate. Large

denomination CD’s are typically negotiable.

5

Collateral: Securities, evidence of deposit or other property which a borrower pledges to secure

repayment of a loan. Also refers to securities pledged by a bank to secure deposits of public monies.

Coupon: (a) The annual rate of interest that a bond’s issuer promises to pay the bondholder on the bond’s

face value; (b) A certificate attached to a bond evidencing interest due on a payment date.

Dealer: A dealer, as opposed to a broker, acts as a principal in all transactions, buying and selling for

their own account.

Debenture: A bond secured only by the general credit of the issuer.

Delivery Versus Payment: There are two (2) methods of delivery of securities: delivery versus payment

and delivery versus receipt. Delivery versus payment is delivery of securities with an exchange of money

for the securities. Delivery versus receipt is delivery of securities with an exchange of a signed receipt for

the securities.

Discount: The difference between the cost price of a security and its maturity when quoted at lower than

face value. A security selling below original offering price shortly after sale also is considered to be at a

discount.

Discount Securities: Non-interest bearing money market instruments that are issued at a discount and

redeemed at maturity for full face value, e.g., U.S. Treasury Bills.

Diversification: Dividing investment funds among a variety of securities offering independent returns.

Investors: Director of Administration or designee, as authorized by Common Council.

Federal Deposit Insurance Corporation (FDIC): A Federal agency that insures bank deposits currently up

to One Hundred Thousand Dollars ($100,000.00) per deposit.

Federal Reserve System (Fed): The central bank of the United States created by Congress and consisting

of a seven (7) member Board of Governors in Washington, D.C., twelve (12) regional banks and about

five thousand seven hundred (5,700) commercial banks that are members of the system.

Leveraging: Use of reverse repurchase agreements or the borrowing of funds for the specific purpose of

investing or purchasing of investment vehicles.

Liquidity: A liquid asset is one that can be converted easily and rapidly into cash without a substantial

loss of value. In the money market, a security is said to be liquid if the spread between bid and asked

prices is narrow and reasonable size can be done at those quotes.

Market Value: The price at which a security is trading and could presumably be purchased or sold.

Master Repurchase Agreement: A written contract covering all future transactions between the parties to

repurchase, which establishes each party’s rights in the transaction. A master agreement will often

specify, among other things, the right of the buyer-lender to liquidate the underlying securities in the

event of default by the seller-borrower.

Maturity: The date upon which the principal or stated value of an investment becomes due and payable.

6

Money Market: The market in which short-term debt instruments (bills, commercial paper, banker’s

acceptances, etc.) are issued and traded.

Offer: The price asked by a seller of securities. When you are buying securities, you ask for an offer (see

Bid).

Portfolio: Collection of securities held by an investor.

Premium: The difference between the cost price of a security and its maturity when quoted at higher than

face value. A security selling above original offering price shortly after sale also is considered to be at a

premium.

Primary Dealer: A group of government securities dealers who submit daily reports of market activity

and positions and monthly financial statements to the Federal Reserve Bank of New York and are subject

to its informal oversight. Primary dealers include Securities and Exchange Commission (SEC), registered

securities broker-dealers, banks and a few unregulated firms.

Prudent Person Rule: This standard states that investments shall be made with judgment and care, under

circumstances then prevailing, which persons of prudence, discretion and intelligence exercise in the

management of their own affairs, not for speculation, but for investment, considering the probable safety

of their capital, as well as the probable income to be derived.

Rate of Return: The yield obtainable on a security based on its purchase price.

Repurchase Agreement: A holder of securities sells these securities to an investor with an agreement to

repurchase them at a fixed price on a fixed date. The security “buyer” in effect lends the “seller” money

for the period of the agreement, and the terms of the agreement are structured to compensate for this.

Exception: When the Fed is said to be doing repurchase agreements, it is lending money, that is,

increasing bank reserves.

Risky Investments: Refers to investment vehicles that may or may not be specifically prohibited, but are

not suitable for the City of Lodi portfolio. These risky investment examples are as follows: inverse

floaters, range floaters, mortgage securities structured as interest-only and principal-only.

Safekeeping: A service to customer rendered by banks for a fee, whereby securities and valuables of all

types and descriptions are held in the bank’s vaults for protection.

Secondary Market: A market made for the purchase and sale of outstanding issues following the initial

distribution.

Securities and Exchange Commission (SEC): An agency created by Congress to protect investors in

securities transactions by administering securities legislation.

Speculative Investments: Investment vehicles purchased with the intent of betting on the future

movement of interest rates, whereby sale of the investment, before maturity, creates unusual yields.

Treasury Bills: A non-interest bearing discount security issued by the U.S. Treasury to finance the

national debt. Bills carry a maturity of up to one (1) year.

Treasury Bond: Long-term U.S. Treasury securities having initial maturities of more than ten (10) years.

7

Treasury Notes: An interest bearing security issued by the U.S. Treasury to finance the national debt.

Maturities can range from two (2) to ten (10) years.

Yield: The rate of annual income return on an investment expressed as a percentage.

Finance & Human Resources Committee Agenda Call to Order ...

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