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Governmental Organization and Services
<br /> The City of Elk River was organized as a municipality in 1977 and is a statutory city. The City's
<br /> governing body is the City Council, comprised of the Mayor and four Council members. The
<br /> Mayor serves a four-year term of office; Council members are elected by ward to serve
<br /> overlapping four-year terms. The following individuals comprise the current City Council:
<br /> Expiration of Term
<br /> John Dietz Mayor December 31, 2014
<br /> Stewart Wilson Council Member, Ward 1 December 31, 2014
<br /> Matthew Westgaard Council Member, Ward 2 December 31, 2016
<br /> Barbara Burandt Council Member, Ward 3 December 31, 2016
<br /> Paul Motin Council Member, Ward 4 December 31, 2014
<br /> The daily administration of City operations is the responsibility of the City Administrator, Calvin
<br /> Portner, who has served in this position since October 2011. Mr. Tim Simon is the City's
<br /> Finance Director and has served in this position since January 2007. The City has
<br /> 145 employees.
<br /> In addition to providing general governmental services, the City provides a full range of other
<br /> services, including (but not limited to) police and fire protection, building and other safety
<br /> inspections, planning and zoning, economic development, environmental services, parks and
<br /> recreation, library, street, snow removal, and infrastructure maintenance and repair. The City
<br /> also provides municipal water, sewer, garbage, and electric services, and operates two off-sale
<br /> liquor stores.
<br /> Cash and Investments (as of December 15, 2013)
<br /> General Fund $ 6,610,953
<br /> Special Revenue Funds 6,230,024
<br /> Debt Service Funds 1,506,987
<br /> Capital Project Funds 15,889,387
<br /> Enterprise Funds 22,303,713*
<br /> Agency Funds 75,456
<br /> Total Cash and Investments $52,616,520
<br /> * Includes cash and investments of$14,280,368 for the Elk River Municipal Utilities.
<br /> The City has a formal investment policy and all investments are made in accordance with
<br /> Minnesota Statutes. The primary objectives of the City's investment policy, in priority order,
<br /> include safety, liquidity, return on investment, and maintaining the public's trust. Permitted
<br /> investments include repurchase agreements, United States securities (excluding high-risk
<br /> mortgage-backed securities), the Minnesota Joint Powers Investment Trust, State and local
<br /> securities, commercial paper, and time deposits. Guaranteed investment contracts and reverse
<br /> repurchase agreements have specifically been excluded from the City's investment policy. As
<br /> per the City's investment policy, the Finance Director shall be responsible for all transactions
<br /> undertaken and shall establish a system of controls to regulate the activities of subordinate
<br /> officials.
<br /> As of December 15, 2013, the City had investments totaling $38,130,117 (includes money
<br /> market funds).
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