Agenda with Attachments

FINANCE COMMITTEE – 02/24/2026 Mtg (Meets monthly on the 4th Tuesday at 4:30 p.m.) Page 1 of 2 FINANCE COMMITTEE Agenda Tuesday, February 24, 2026–04:30 p.m. Government Center Room 204 VIDEO CALL LINK VIA: Microsoft Teams Click here to join the meeting Meeting ID: 296 405 566 781 Passcode: Qu7TGd Or call in (audio only) +1 872-242-8028, 491830525# United States, Chicago Phone Conference ID: 491 830 525# MISSION STATEMENT:“To have broad oversight of financial policies and procedures, and to provide the City Council and management with such financial expertise, opinion, and recommendations as will be helpful for the Council to make decisions regarding the financial stability of the City of Superior.” COMMITTEE MEMBERS: Jack Sweeney (Chair), Tylor Elm (Vice-Chair), Mike Herrick, Brent Fennessey (Alt) 1. ROLL CALL 2. APPROVAL OF MINUTES 2.1 Finance Committee (Meeting held January 27, 2026) 3. OLD BUSINESS 3.1 Village of Superior – Fire Protection Contract Upon proper motion and second, the committee may convene in closed session under Wis. Stat. sec. 19.85(1)(e) for the purposes of deliberating strategies and setting parameters for the negotiation of the Village of Superior Fire Protection Contract. 3.2 Solid Waste Cost of Service and Disposal Analysis presented by NewGen 4. NEW BUSINESS 5. RECURRING BUSINESS 5.1 Golf Course Report and Financials December 2025 & January 2026 5.2 October 2025 Check Register 5.3 November 2025 Check Register 5.4 December 2025 Check Register FINANCE COMMITTEE – 02/24/2026 Mtg (Meets monthly on the 4th Tuesday at 4:30 p.m.) Page 2 of 2 5.5 January 2026 Check Register – 2025 Expenditures 5.6 January 2026 Check Register – 2026 Expenditures 5.7 General Fund Financial Statements – 2025 Expenditure vs. Budget Analysis as of February 20, 2026 5.8 American Rescue Plan Act (ARPA) Fund Budget Review 5.9 Insurance Update 5.10Other Financial Matters Enterprise Resource Planning (ERP) Software Update 6. ADJOURNMENT Notice is hereby given that a majority of the members of the Common Council may be present at the meeting, and although this may constitute a quorum of the Common Council, the Council will not take any action at this meeting. ********************************************************************************************* Pursuant to the Americans with Disabilities Act of 1990, if you are in need of an accommodation to participate in the public meeting process, please contact the City Clerk’s Office at (715) 395-7200 by 4:30 p.m. on the day prior to the scheduled meeting date (OR dial 711 for Telecommunications Relay Service). The City will attempt to accommodate any request depending on the amount of notice received. ********************************************************************************************* In compliance with Wisconsin Open Meetings Law, this agenda was posted on 02/23/2026 at the following locations: Superior Government Center, Douglas County Courthouse, Superior Public Library, and online at https://www.superiorwi.gov/agendacenter. It was also emailed to the Superior Telegram. FINANCE COMMITTEE Meeting Minutes January 27, 2026, Regular Meeting The meeting was called to order by Councilor Tylor Elm at 4:33 pm on January 27, 2026, in Government Center Room 204. 1 ROLLCALL PRESENT: Tylor Elm, Mike Herrick, Brett Fennessy CITY STAFF PRESENT: Nick Rhinehart (Finance Director), Renee Hoff (Assistant Finance Director),Mayor Jim Payne, Camron Vollbrecht (Fire Chief), Jason Serck, (Planning Director),Todd Janigo (Public Works Director), Chris Carlson (Assistant Public Works Director), Darienne McNamara (Public Works), Bridgit Maruska (Parks and Recreation Director) Catilin Knoll (Parks and Recreation Playground Coordinator) and Karie Markon VIRTUAL: Shane Cummingham (NewGen) and Dave Yorke (NewGen) OTHERS PRESENT: Matt TenEyck (UWS), Iisa Hoeschen (UWS) and Shelly Nelson 2 APPROVAL OF MINUTES 2.1 Finance Committee (Meeting held November 25, 2025) Motion was made by Mike Herrick, seconded by Brett Fennessy, and carried to approve the Finance Committee minutes November 25, 2025. 3 OLD BUSINESS 3.1 Village of Superior – Fire Protection Contract Motion was made by Mike Herrick, seconded by Brett Fennessy, and carried to approve to hold in committee Village of Superior – Fire Protection Contract. . 4 NEW BUSINESS 4.1 Montreal Pier University Wisconsin (UWS) Agreement Amendment 2026 - 2030 Motion was made by Mike Herrick, seconded by Brett Fennessy, and carried to amend the agreement language from 3030 to 2023 and approve the Montreal Pier University Wisconsin Superior (UWS) Agreement Amendment 2026 – 2030. 4.2 Solid Waste Cost of Service and Disposal Analysis presented by NewGen. Seth Cummingham from NewGen presented the Various Options for the City’s Garage Disposal and closures of the city landfill. A Question and Answer period was ensued. Motion was made by Mike Herrick, seconded by Brett Fennessy, and carried to hold in Committee and file the Solid Waste Cost of Service and Disposal Analysis presented by NewGen. 4.3 2026 Fund 602 Landfill Budget Motion was made by Mike Herrick, seconded by Brett Fennessey, and carried to approve the 2026 Fund 602 Landfill Budget. 4.4 Summer Playground Program Overview Caitlin Knoll Playground Program Coordinator presented the program and benefits to the community’s children. A question and answer period was ensured. Motion was made by Mike Herrick, seconded by Brett Fennessey, and carried to file the Summer Playground program Overview. 5 RECURRING BUSINESS Motion was made by Mike Herrick, seconded by Brett Fennessey to hold in Committee all Recurring Business. 5.1 Golf Course Report and Financials December 2025 5.2 October 2025 – Check Register 5.3 November 2025 – Check Register 5.4 December 2025 – Check Register 5.5 General Fund Financial Statement – 2025 Expenditure vs Budget Analysis as of January 16, 2026 5.6 American Rescue Plan Act (ARPA) Fund Budget Review 5.7 Insurance Update 5.6 Other Financial Matters Enterprise Resource Planning (ERP) Software Update 6. ADJOURNMENT The meeting was adjourned at 7:05 p.m. Minutes respectfully submitted by Karie Markon Fire Protection and Fire Inspection Services Agreement Between The City of Superior And The Village of Superior THIS AGREEMENT is entered into the 7th day of December 2023, by and between the City of Superior (“City”), located at 1316 North 14th Street, Superior, Wisconsin, a Wisconsin municipal corporation, and the Village of Superior (“Village”), located at 6702 Ogden Avenue, Superior, Wisconsin, a Wisconsin municipal corporation. WITNESSETH: WHEREAS the City employs full-time firefighting personnel and maintains a fire department for the purpose of fire protection and fire inspection services within its boundaries; and WHEREAS the Village does not employ full-time firefighting personnel and is desirous of fire protection and fire inspection services within its boundaries; NOW, THEREFORE, The City and Village, pursuant to the authority contained in Wisconsin Statute §66.0301(2) in order to accomplish the foregoing purpose, agree as follows: 1. That in consideration of certain items hereinafter contained in this Agreement, The City will supply to the Village such fire protection and fire inspection services as may be required by said Village during the term of this Agreement. 2. The Term of the Agreement shall be from January 1, 2024, through December 31, 2026 (Term). This Agreement may be extended thereafter, subject to mutual agreement of terms and fees, unless terminated earlier in accordance with this agreement. 3. The City will supply fire protection and fire inspection services to the entire corporate limits of said Village. 3a. Fire protection services shall include the City’s emergency response and non-emergency services for fire, emergency medical services, hazardous materials and other disaster responses, and other, similar services that may be provided by the City Fire Department to provide for the protection and preservation of life and premises to the Village at the same level of service that is provided within and to persons and premises within the City. 3b. Fire inspection services shall be provided to the Village by the City to the extent the Village has the authority to do so under Wisconsin law. The Village shall provide the City the two percent (2%) dues received by the Village from the State of Wisconsin relating to fire entitlement dues as authorized under Wisconsin Statute §101.575 (and all subsequent amendments and additions). The Village shall comply with all fire dues distribution audit DocuSign Envelope ID: 3511A749-20DE-4114-89CE-33FCE63D7A01 reports and associated documentation required under Wisconsin Statute §101.573 (and all subsequent amendments and additions). When received, the dues shall be provided to the City within thirty (30) days. 4. The equipment to be used in supplying such protection shall be any of the fire protection equipment owned and supplied by the City which, in the discretion of the Superior Fire Chief or his designee, shall be reasonably needed to provide adequate fire protection under the circumstances existing at the time said service is required. Said equipment shall be solely owned, operated, maintained, and insured by the City. 5. All personnel used in providing the fire protection contemplated under this Agreement shall be members of the Fire Department of the City and shall be solely subject to the supervision and control of the City and shall be paid solely by the City. 6. The sole authority for the answering of calls, directing equipment to the scene of a fire, and control of the scene of a fire shall be the Superior Fire Chief or their designee. 7. It is expressly understood that the City shall not be liable for any claim based upon a failure to provide assistance under this Agreement or for any claim based upon a failure to render adequate assistance under this Agreement. The City shall not be liable for any injury to the Village, or to any officers, employees, agents, residents, occupants or visitors of the Village, or for any damage to or loss of property of the Village, or of any officers, employees, agents, residents, occupants or visitors to the Village, caused by or in any way related to the performance of this Agreement. The Village shall save harmless and fully indemnify the City, its officers, employees and agents from and against all claims, liabilities and demands arising directly or indirectly from such injury, damage or loss as referred to in the Agreement and such indemnification shall survive the termination of this Agreement. The Village shall not be liable for any injury, damage or loss sustained by personnel, apparatus or equipment of the City caused by or in any way related to the performance of this Agreement. The City shall save harmless and fully indemnify the Village, its officers, employees and agents from and against all claims, liabilities and demands arising directly or indirectly from such injury, damage or loss as referred to in the Agreement and such indemnification shall survive the termination of this Agreement. 8. The Village hereby agrees that in consideration of the supplying of such fire protection and inspection services by the City that the Village will pay to the City the sum of one thousand, two hundred thirty-eight dollars and forty cents ($1,238.40) (base fee) per event for fire protection services for the term of this Agreement. Each September this fee shall be subject to an annual adjustment to an amount which bears the same ratio to the fee as the Midwest Consumer Price DocuSign Envelope ID: 3511A749-20DE-4114-89CE-33FCE63D7A01 Index (CPI) for the month of September and the “Base CPI” is the Consumer Price Index for September of the previous agreement year. In no event, however, will the fee as adjusted under this paragraph be less than the base fee defined in this paragraph. The City will provide written notice to the Village of any fee adjustment. No capital costs incurred by the City are included in the calculation of this rate. An event is defined as a response by the City of Superior Fire Department for a fire protection service as described in Section 3a. The Village shall make quarterly payments, based on invoices received from the City. The City will bill the Village for the amount due quarterly the month following the end of each quarter (April, July, October, January) for fire protection service events accrued during that period. The invoices will be billed by the City and due and payable by the Village within 30 days of receipt. Payments not received by the City within 30 days of billing will be subject to interest at an 18 percent annual rate calculated daily thereafter until paid in full using the formula: amount due (days late/365 days*18%), (whereas * means to multiply by and / means to divide by). All payments should be sent to: City of Superior Attn: Finance Department 1316 North 14th Street, Suite 200 Superior, WI 54880 9. This agreement may be modified or extended upon the mutual agreement of the parties hereto when such modification is in writing and properly executed by the parties hereto. 10. This Agreement may be terminated by either party, without cause; with a sixty (60) day notice in writing delivered or addressed the Chief Municipal Executive of the parties hereto. City of Superior Village of Superior 1316 North 14th Street 6702 Ogden Avenue Superior, WI 54880 Superior, WI 54880 11. This Agreement contains the entire agreement between the parties. No verbal agreement or other action shall be deemed to be a part of the agreement, nor shall they be considered to amend or change the conditions or terms of this agreement in any way. 12. The Village shall identify all streets and roads within the Village boundaries by having them clearly marked at all intersections. 13. The Village agrees to provide any information requested by the Superior Fire Department that, in the opinion of the Fire Department, will assist in improving firefighting operations. 14. If any provision of this Agreement is for any reason invalid, that provision shall be considered separate and severable from the Agreement, and the other provisions of this Agreement shall remain in force and continue to be binding upon the parties as though the invalid provision had never been included in this Agreement. DocuSign Envelope ID: 3511A749-20DE-4114-89CE-33FCE63D7A01 DocuSign Envelope ID: 3511A749-20DE-4114-89CE-33FCE63D7A01 © 2025 NEWGEN STRATEGIES AND SOLUTIONS, LLC SOLID WASTE COST OF SERVICE AND DISPOSAL ANALYSIS January 27, 2026 – City of Superior Finance Committee Meeting 2© 2025 NEWGEN STRATEGIES AND SOLUTIONS, LLC TOPICS 2 Background and Purpose Current Rates Benchmarking Comparison Cost of Service Disposal Options Recommended Option Cost of Service Impact Reserves Projection © 2025 NEWGEN STRATEGIES AND SOLUTIONS, LLC BACKGROUND AND PURPOSE • The City’s Moccasin Mike Landfill (Landfill) is nearing capacity • Once the Landfill reaches capacity, the City’s collection routes will need to utilize a different disposal location • Each option has advantages and disadvantages to consider, as well as impacts to current rates 3 © 2025 NEWGEN STRATEGIES AND SOLUTIONS, LLC CURRENT RATES 4 Rate Type Rate Unit Residential Service $7.25 Per month Residential-Extra Cart $7.25 Per month Residential Recycling $3.50 Per month Commercial Cart Service $9.00 Per month Commercial-Extra Cart $9.00 Per month Landfill Tipping Fee* $51.00 Per ton WLSSD Contract Tipping Fee* $31.63 Per ton *Excludes State of Wisconsin Environmental Fees for each ton of waste accepted at landfills. This is a pass-through fee collected from customers and paid to the State. © 2025 NEWGEN STRATEGIES AND SOLUTIONS, LLC BENCHMARKING COMPARISON 5 $- $10.00 $20.00 $30.00 $40.00 $50.00 $60.00 Monthly Rates – Residential Solid Waste and Recycling Average Notes: 1. Costs for all communities except for Bemidji and New Elm include recycling. 2. City of Superior rates include garbage collection, recycling collection, annual brush pick-up, HHW drop-off, and clean-up events. 3. Duluth’s rate is based on rates published by Hartel’s Disposal, which is a licensed hauler in Duluth, MN. © 2025 NEWGEN STRATEGIES AND SOLUTIONS, LLC COST OF SERVICE (TYPICAL YEAR BASED ON FY 2025) • Currently, residential garbage and recycling collection significantly under-recover the cost of service. The Landfill generates revenue greater than its expenses, which makes up this shortfall. • When the Landfill closes, residential garbage and recycling collection will no longer be able to rely on the Landfill surplus and must take on a greater share of the overhead and management costs 6 Residential Garbage Residential Recycling Landfill 2 Direct Costs1 $868,321 $484,300 $4,441,670 Overhead Allocation $73,575 $41,036 $376,356 Other Indirect Costs $23,550 $0 $10,143 Disposal Cost Allocation2 $397,806 $0 $0 Total Expenses to be Recovered from Rates3 $1,363,252 $525,336 $4,828,168 Total Rate Revenue $991,485 $414,330 $5,305,998 Over/(Under) Recovery ($371,767) ($111,006) $477,831 1. Expenses include the $13 per ton State Environmental Fees. 2. Disposal costs for City residential customers is allocated to the Residential Garbage customers. The remaining Landfill costs must be recovered from non-City customers. 3. Indicates the expenses that should be recovered through rates. When rate revenue is less than this amount, there is an under recovery. Notes: © 2025 NEWGEN STRATEGIES AND SOLUTIONS, LLC COST OF SERVICE (TYPICAL YEAR BASED ON FY 2025) 7 $0 $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 Garbage Collection Recycling Collection Landfill Expenses Revenue © 2025 NEWGEN STRATEGIES AND SOLUTIONS, LLC FUTURE DISPOSAL OPTIONS 8 Haul to the existing WLSSD transfer station Build a transfer station and haul to another landfill Continue to operate the Landfill with City tons and limited outside tonnage for up to an additional 3 years. Then choose Option 1 or 2. 1 2 Short-Term Option © 2025 NEWGEN STRATEGIES AND SOLUTIONS, LLC COST OF CITY-OWNED TRANSFER STATION • Assumptions ̶ A total of 20,000 annual tons, including City and non-City ̶ Capital costs from SEH Feasibility Study ̶ If not at the Moccasin Mike Landfill, land cost assumed to be $150,000 • Summary ̶ A City-owned transfer station would cost $117-$122 per ton ̶ Hauling to the WLSSD transfer station would cost $88-$92 per ton (estimated) ̶ Using WLSSD (Option 1) is currently more cost-effective for the City 9 Description At City Landfill At Another Location Transfer Station Operating and Capital Costs $675,900 $777,100 Hauling Costs $773,400 $773,400 Disposal Costs $630,000 $630,000 Environmental Fees $260,000 $260,000 Total Annual Costs $2,339,300 $2,440,500 Annual Tons 20,000 20,000 Cost per Ton $117 $122 © 2025 NEWGEN STRATEGIES AND SOLUTIONS, LLC 5 YEAR RATE PROJECTION – HAUL TO WLSSD IN FY 2027 10 Rate Type Current Rate FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Residential Service $7.25 $7.25 $14.75 $15.75 $16.50 $16.50 Residential-Extra Cart $7.25 $7.25 $14.75 $15.75 $16.50 $16.50 Residential-Recycling $3.50 $3.50 $5.00 $5.50 $6.00 $6.00 Commercial Cart Service $9.00 $9.00 $18.30 $19.50 $20.40 $20.40 Commercial-Extra Cart $9.00 $9.00 $18.30 $19.50 $20.40 $20.40 © 2025 NEWGEN STRATEGIES AND SOLUTIONS, LLC OVER/(UNDER)-RECOVERY - HAUL TO WLSSD 11 Residential Garbage FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Expenses $1,262,315 $2,037,187 $2,099,674 $2,164,047 $2,230,365 Rate Revenues $991,485 $2,017,021 $2,153,223 $2,255,375 $2,255,375 Over/(Under) Recovery ($270,830) ($20,167) $53,549 $91,328 $25,010 Residential Recycling FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Expenses $570,463 $635,621 $658,873 $682,816 $707,470 Rate Revenues $414,330 $591,900 $651,090 $710,280 $710,280 Over/(Under) Recovery ($156,133) ($43,721) ($7,783) $27,464 $2,810 Landfill* FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Expenses $2,676,565 $0 $0 $0 $0 Rate Revenues $2,981,078 $0 $0 $0 $0 Over/(Under) Recovery $304,513 $0 $0 $0 $0 * Assumes no additional closure/post-closure, landfill development, or equipment expenses in FY 2026. Costs for the Landfill starting in FY 2027 are paid from the closure/post-closure fund. © 2025 NEWGEN STRATEGIES AND SOLUTIONS, LLC RESERVE BALANCE PROJECTION - HAUL TO WLSSD 12 Unrestricted Reserve FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Beginning Balance $2,880,313 $2,938,192 $661,527 $901,139 $1,220,911 Over/(Under) at Proposed Rates ($122,450) ($63,888) $45,766 $118,792 $27,820 Equipment Reserve Contributions $180,329 $186,965 $193,846 $200,979 $208,375 Equipment Cash Purchases $0 $0 $0 $0 ($850,000) Transfers from/(to) Restricted Reserves $0 ($2,399,742) $0 $0 $0 Ending Balance $2,938,192 $661,527 $901,139 $1,220,911 $607,106 Restricted Reserve FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Beginning Balance $10,546,723 $9,601,468 $5,001,210 $5,026,422 $5,047,810 Interest Income $0 $0 $173,462 $174,085 $174,589 Transfers from/(to) Unrestricted Reserves $0 $2,399,742 $0 $0 $0 Closure/Post-Closure Costs ($945,255) ($7,000,000) ($148,250) ($152,698) ($157,278) Ending Balance $9,601,468 $5,001,210 $5,026,422 $5,047,810 $5,065,120 © 2025 NEWGEN STRATEGIES AND SOLUTIONS, LLC SHORT-TERM LANDFILL OPTION • Without WLSSD tonnage and wastewater sludge, annual tons at the Landfill will decrease to approximately 16,210 tons per year, assuming all other tons continue being hauled to the landfill • NewGen evaluated 3 tonnage scenarios ̶ Operate the Landfill with fewer tons for FY 2027-2029 ̶ Start hauling to WLSSD in FY 2030 13 Scenario City Non-City Total 1 9,540 6,670 16,210 2 9,540 3,335 12,875 3 9,540 0 9,540 © 2025 NEWGEN STRATEGIES AND SOLUTIONS, LLC SHORT-TERM LANDFILL OPTION • Assumptions: ̶ Landfill gate rate increases by $15 per ton for FY 2027, then by $2 per ton for each of the next two years ̶ Collection rates adjusted to maintain a minimum unrestricted fund balance of 20 to 25% (falling below 20% in FY 2027) • Residential Rate Comparison 14 Scenario FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Haul to WLSSD Starting in FY 2027 $7.25 $14.75 $15.75 $16.50 $16.50 Short-Term Landfill Scenarios Scenario 1 $7.25 $14.25 $15.25 $16.25 $17.25 Scenario 2 $7.25 $15.25 $16.50 $17.50 $18.50 Scenario 3 $7.25 $17.25 $17.75 $18.75 $18.75 © 2025 NEWGEN STRATEGIES AND SOLUTIONS, LLC COMPARING OPTIONS 15 Option Advantages Disadvantages City-Owned Transfer Station • City has more control over costs and where waste is hauled • A suitable site has not been identified • Time to open a transfer station could be 2 years or more and require an investment of at least $4 million • City dependent on outside tons for financial feasibility • City responsible for long-term management and compliance Use WLSSD Transfer Station • Minimal impact on hauling operations • Lower financial risk to the City • City subject to disposal costs determined by WLSSD (estimated $88-92 per ton) Minimized Landfill Operations • If all non-City waste is retained (except WLSDD), the cost to the City is similar to hauling to WLSSD starting in FY 2027. • Increased risk to the City due to uncertain non-City tons • Only a temporary solution © 2025 NEWGEN STRATEGIES AND SOLUTIONS, LLC RECOMMENDED DISPOSAL PLAN 1. Stop accepting waste from WLSSD at the end of June 2026 2. Continue accepting waste from City collections and other small haulers until the end of FY 2026 or until final cover construction begins in FY 2027 3. Begin final closure of the Moccasin Mike Landfill in FY 2027 4. Haul waste from City collections to the WLSSD transfer station starting in FY 2027 5. To provide financial and operational flexibility, periodically evaluate the feasibility of a City-owned transfer station. 16 17© 2025 NEWGEN STRATEGIES AND SOLUTIONS, LLC SUMMARY 17 The City has relied on revenue from the Landfill to keep residential rates low Once the landfill closes, residential rates will need to increase to recover costs of providing service Hauling to the WLSSD transfer station is a cost-competitive option that reduces financial risk to the City With the recommended rate increases, the City is projected to fully recover costs by FY 2028 and maintain adequate reserves The total residential rate for garbage and recycling in FY 2030 is expected to be similar or less to the present-day average rates from benchmarked communities QUESTIONS DAVE YANKE PRESIDENT 18 QUESTIONS SETH CUNNINGHAM PRINCIPAL JANUARY 2026 www.newgenstrategies.net SOLID WASTE COST OF SERVICE AND DISPOSAL OPTIONS ANALYSIS DRAFT REPORT Prepared for: City of Superior © 2026 NEWGEN STRATEGIES AND SOLUTIONS, LLC (This page intentionally left blank) Economics | Strategy | Stakeholders | Sustainability City of Superior 8140 North Mopac Expressway Suite 1-240 Austin, Texas 78759 (512) 806-7713 January 16, 2026 Mr. Todd Janigo Public Works Director City of Superior 1316 North 14th Street Superior, WI 54880 Subject: Solid Waste Cost of Service and Disposal Options Analysis Dear Mr. Janigo : NewGen Strategies and Solutions, LLC (NewGen) is pleased to present the enclosed report regarding the Solid Waste Cost of Service and Disposal Options Analysis (Analysis or Report) for the City of Superior (City). The City hired NewGen to conduct a Solid Waste Cost of Service and Disposal Options Analysis. The City’s Moccasin Mike Landfill (Landfill) is nearing capacity, and once the Landfill closes, the City will need to utilize another disposal option. The Analysis provides the City with a better understanding of the financial implications of several disposal alternatives and the potential impact on solid waste rates. NewGen would like to express its appreciation to the City staff who contributed to the development of this Report. We appreciate the time and effort taken by these individuals to provide information, input, and feedback over the period this Analysis was undertaken. If there are any questions concerning the Report, please feel free to contact either one of us using the contact information below. Sincerely, NewGen Strategies and Solutions, LLC David S. Yanke Seth T. Cunningham Partner Principal (512) 649-1254 (512) 994-2165 dyanke@newgenstrategies.net scunningham@newgenstrategies.net (This page intentionally left blank) Economics | Strategy | Stakeholders | Sustainability City of Superior Table of Contents Cover Letter Section 1 Introduction....................................................................................................................... 1-1 Overview of Current System............................................................................................................ 1-1 Project Approach and Report Organization .................................................................................... 1-1 Project Initiation .................................................................................................................... 1-2 Baseline Cost of Service Analysis (Section 2) ........................................................................ 1-2 Evaluation of Disposal Options (Section 3) ........................................................................... 1-2 Benchmarking and Rate Design (Section 4) .......................................................................... 1-3 Section 2 Baseline Cost of Service ..................................................................................................... 2-1 Current Billing Units, Rates, and Revenue ....................................................................................... 2-1 Test Year Revenue Requirement ..................................................................................................... 2-2 Baseline Revenue Requirement ...................................................................................................... 2-2 Cost of Service Rates ....................................................................................................................... 2-3 Revenue Reconciliation from Current Rates ................................................................................... 2-4 Section 3 Disposal Options ................................................................................................................ 3-1 Haul to Existing WLSSD Transfer Station ......................................................................................... 3-1 City-Owned Transfer Station ........................................................................................................... 3-2 Reduced Landfill Operations (Short-Term Option) ......................................................................... 3-2 Section 4 Benchmarking and Rate Design .......................................................................................... 4-1 Benchmarking .................................................................................................................................. 4-1 Rate Recommendations .................................................................................................................. 4-2 Section 5 Summary and Recommendations ...................................................................................... 5-1 Table of Contents ii City of Superior, Wisconsin List of Tables Table 2-1 Billing Units, Rates, and Revenue............................................................................. 2-1 Table 2-2 Baseline Revenue Requirement ............................................................................... 2-2 Table 2-3 Revenue Requirement by Customer Class ............................................................... 2-3 Table 2-4 Cost of Service Compared to Current Rates ............................................................ 2-3 Table 2-5 Revenue Reconciliation from Current Rates ............................................................ 2-4 Table 3-1 Five-Year Revenue Requirement – Haul to WLSSD .................................................. 3-1 Table 3-2 Annualized and Per-ton Cost for City-Owned Transfer Station ............................... 3-2 Table 3-3 Tonnage Scenarios ................................................................................................... 3-3 Table 3-4 Reduced Landfill Operations – Tonnage Scenario 1 ................................................ 3-3 Table 3-5 Reduced Landfill Operations – Tonnage Scenario 2 ................................................ 3-3 Table 3-6 Reduced Landfill Operations – Tonnage Scenario 3 ................................................ 3-4 Table 4-1 Five-Year Rate Recommendations – Residential Garbage ....................................... 4-2 Table 4-2 Five-Year Rate Recommendations – Residential Recycling ..................................... 4-2 Table 4-3 Five-Year Rate Recommendations – Commercial Garbage ..................................... 4-3 List of Figures Figure 4-1 Benchmarking of Current Residential Solid Waste and Recycling Rates ................ 4-1 Figure 4-2 Comparison of Fund Balance Levels Based on Disposal Option Rates ................... 4-3 Appendix A – Schedules Schedule 1 Baseline Test Year Schedule 2 Baseline Garbage Cost of Service Schedule 3 Baseline Recycling Cost of Service Schedule 4 Baseline Landfill Cost of Service Schedule 5 Over/Under Recovery at Proposed Rates – Haul to WLSSD Schedule 6 Reserves Under Proposed Rates – Haul to WSLSSD Schedule 7 Over/Under Recovery at Proposed Rates – Reduced Landfill Tons Scenario 1 Schedule 8 Reserves Under Proposed Rates – Reduced Landfill Tons Scenario 1 Schedule 9 Over/Under Recovery at Proposed Rates – Reduced Landfill Tons Scenario 2 Schedule 10 Reserves Under Proposed Rates – Reduced Landfill Tons Scenario 2 Schedule 11 Over/Under Recovery at Proposed Rates – Reduced Landfill Tons Scenario 3 Schedule 12 Reserves Under Proposed Rates – Reduced Landfill Tons Scenario 3 © 2026 NEWGEN STRATEGIES AND SOLUTIONS, LLC Economics | Strategy | Stakeholders | Sustainability City of Superior, Wisconsin SECTION 1 INTRODUCTION The City of Superior (City) retained NewGen Strategies and Solutions LLC (NewGen) to complete a Solid Waste Cost of Service and Disposal Options Analysis (Analysis or Report). The City’s Moccasin Mike Landfill (Landfill) is nearing capacity, and once the Landfill closes, the City will need to utilize another disposal option. The Analysis provides the City with a better understanding of the financial implications of several disposal alternatives and the potential impact on solid waste rates. Overview of Current System The City provides residential and small commercial solid waste services and operates the Landfill. Residential services include cart-based refuse collection, cart-based recycling collection (through a private contractor), and access to spring and fall clean -up events. In addition, the City has historically accepted materials at the Landfill, including mattresses, brush, leaves, tires, and electronic waste. The City operates the Landfill and accepts waste from the City’s collection vehicles and third parties, including Western Lake Superior Sanitary District (WLSSD). As of April 2025, the Landfill had approximately 236,000 cubic yards of remaining capacity. It is projected that the Landfill will have between 80,000 and 110,000 cubic yards remaining on June 30, 2026, which is when WLSSD will stop hauling to the Landfill. At that time, the tonnage accepted at the Landfill will decrease significantly, and the City will need to decide which of the disposal options analyzed by NewGen and documented in this Report, best meets its needs. The baseline cost of service analysis was performed based on a typical year of expenses and revenues, including all expenses and revenues associated with the WLSSD tonnage. This provides the City with a basis of comparison when comparing future disposal options to the current costs. Project Approach and Report Organization The goal of the Analysis is to better understand the current cost of service and the solid waste fees required to adequately recover the costs of providing services, and then to evaluate options for when the City’s Landfill reaches capacity. NewGen developed a series of key tasks that formed the foundation of the Analysis, which was conducted in several phases, including: • Project Initiation • Baseline Cost of Service Analysis (Section 2) • Evaluation of Disposal Options (Section 3) • Benchmarking and Rate Design (Section 4) Section 1 1-2 City of Superior, Wisconsin Project Initiation Data Request NewGen submitted a detailed data request to the City to collect historical and background information on operations and practices. NewGen utilized the following sources of information regarding the City ’s current system and financial requirements: • Detailed Financial Reports and Budgets • Solid Waste Policies and Ordinances • Personnel Rosters • Solid Waste and Recycling Tonnage Reports • Fleet Inventory and Purchase Costs • Capital Improvement Plans • Engineering Studies Project Meetings NewGen held a kick-off meeting with City staff to initiate the Analysis. This meeting served as a forum to confirm the scope of services, discuss the data already collected, finalize the solid waste and recycling service categories, and discuss the status of the Landfill and other planning activities to date. NewGen also held multiple meetings with the City staff throughout the course of the project to discuss, plan, and finalize the cost of service analysis and the disposal planning options. Baseline Cost of Service Analysis (Section 2) Determination of Test Year Revenue Requirement The revenue requirement (Test Year) was developed for the solid waste utility based on the FY 2025 budget, with adjustments to represent a typical year. This approach incorporates a utility’s operation and maintenance costs, debt service requirements, cash -funded capital outlays, reserve requirements, and transfers. In developing the revenue requirement, NewGen assessed the cost of service by analyzing historical costs, the current budget, and any forecasts made by the City for future fiscal years. While NewGen typically develops a revenue requirement forecast, this stage of the cost of service was a baseline of the current costs. The revenue requirement forecast was later developed for several disposal options and is presented in Section 3. Determination of the Cost of Service NewGen utilize d the Test Year revenue requirement with the billing data to determine the cost of providing solid waste services. This provides the City with the necessary framework to assess the adequacy and equity of current rates and evaluate future disposal options. Evaluation of Disposal Options (Section 3) Once the Landfill reaches capacity, the City has two primary disposal options: • Haul to the existing WLSSD transfer station in Duluth, Minnesota. • Build and operate a new transfer station and long-haul the materials to another landfill. Introduction City of Superior, Wisconsin 1-3 In addition to these two options, the City has some short -term options once WLSSD stops hauling to the City’s Landfill on June 30, 2026. These include: • Start using a transfer station at the end of FY 2026 (or until final cover construction begins). • Continue operating the Landfill for another two to three years with limited amounts of waste. Section 4 of this Report outlines each of these options in more detail and summarizes the financial impact of each option. Benchmarking and Rate Design (Section 4) The proposed rates were developed to reflect the cost of service results and industry best practices as well as policy decisions made by the City . NewGen designed rates taking into consideration the goals of the City regarding its solid waste services, and its customers. (This page intentionally left blank) Economics | Strategy | Stakeholders | Sustainability City of Superior, Wisconsin SECTION 2 BASELINE COST OF SERVICE This section of the report provides an understanding of the typical cost for the City to operate its collection and disposal system. For the Landfill, this baseline cost of service takes into consideration typical annual costs for cell development, closure/post -closure contributions, and other similar costs, recognizing that the Landfill’s cost structure will evolve as it nears permitted capacity. This section provides a basis of comparison for the disposal options included in Section 3. Current Billing Units, Rates, and Revenue Table 2-1 shows the current rate classes for collection and disposal, the billing units for each rate class, the fiscal year (FY) 2025 rates, and the annual revenue. Table 2-1 Billing Units, Rates, and Revenue Customers or Tons Rate Units Rate Annual Revenue Garbage Collection Residential 8,714 $ per Household per Month $7.25 $758,118 Residential Extra Cart 1,297 $ per Extra Cart per Month $7.25 $112,839 Commercial 469 $ per Account per Month $9.00 $50,652 Commercial Extra Cart 647 $ per Extra Cart per Month $9.00 $69,876 Total Garbage Collection Revenue $991,485 Recycling Collection 9,865 $ per Household per Month $3.50 $414,330 Non-City Landfill Tons 1,2 Wisconsin – Non-City Customers 6,361 $ per Ton $50.243 $319,600 Gate Rate Customers 3,155 $ per Ton $50.243 $158,516 WLSSD 106,297 $ per Ton $31.263 $3,322,308 Wisconsin State Fees 115,813 $ per Ton $13.00 $1,505,575 Total Landfill Revenue $5,305,998 Total Revenue $6,711,813 1. The Residential and Commercial Cart customers’ percentage of the landfill costs are directly allocated to those customers and recovered through their respective user fees as forecast through FY 2030 and shown in Section 4. 2. Tonnage data is shown in whole numbers, but data was provided to two decimal places. Therefore, the annual revenue shown may be different due to rounding. 3. On July 1, 2025, the landfill rates increased from $49.48 to $51.00 per ton for non-City Wisconsin customers and other gate rate customers and increased from $30.88 to $31.63 per ton for WLSSD customers. The values shown are an average of the two rates. These rates do not include the Wisconsin State Fees that are passed onto the customer. Section 2 2-2 City of Superior, Wisconsin Test Year Revenue Requirement NewGen reviewed historical financial results for prior fiscal years and developed a “Test Year” for the Analysis based on the FY 2025 adopted budget. A Test Year is a common method in rate studies that refers to an adjusted fiscal year budget that is used as a basis for setting rates. The Test Year is representative of “typical” conditions, with adjustments for any unusual or one-time revenues or expenses. To ensure the Test Year accurately reflects the cost of providing solid waste services, adjustments were made to operation and maintenance (O&M) expenses and capital costs. Discussions were held with the City’s staff to assist in determining and clarifying the known and measurable adjustments. The full baseline Test Year is shown in Appendix A, Schedule 1. NewGen compared the FY 2025 adopted budget to historical expenses for FY 2022, FY 2023, and FY 2024. Through this comparison and with input from City staff, NewGen made adjustments to ensure that the Test Year would reflect expenses that occur in a typical year. The following list details the key adjustments made for the baseline Test Year:  Removed depreciation expense since this is an end-of-the-year non-cash adjustment.  Added contribution for future equipment replacement that helps fund future cash purchases of equipment (in place of the depreciation amount included in the budget).  Reduced the contribution to the closure fund from $1,500,000 to $668,600, reflecting a cost more consistent with the Landfill’s size, fill rate, and closure/post -closure cost estimate. The City recently increased its contributions to the closure fund since it was previously underfunded ; however, the $1,500,000 is not representative of a typical annual cost.  Added $705,000 in landfill development (i.e., cell construction) costs. Even though the City has finished building its last landfill cell, including a typical annual expense , provides a more realistic measure of the true cost of service for the City to own and operate the Landfill. It is important to note that this baseline test year shows what it has historically cost the City, on average, to own and operate the Landfill, and how those costs impact residential and commercial rates. This was done to provide a basis for comparison for future disposal changes. Baseline Revenue Requirement Based on the Test Year Adjustments, Table 2 -2 provides the total Revenue Requirement for each of the Service Categories. Table 2-2 Baseline Revenue Requirement Service Category Test Year Revenue Requirement Administration $521,976 Garbage Collection 868,321 Spring/Fall Clean-up 23,550 Recycling Collection 484,300 Landfill1 4,818,609 Total $6,716,756 1. Includes the cost of managing mattresses, tires, and electronic waste. Baseline Cost of Service City of Superior, Wisconsin 2-3 Table 2-3 allocates each of the Service Category costs to the City’s customer classes. Table 2-3 Revenue Requirement by Customer Class Garbage Collection Recycling Collection Non-City Landfill Total Direct Costs $868,321 $484,300 $4,441,670 $5,794,290 Administration Allocation $73,575 $41,036 $376,356 $490,967 Other Indirect Costs 1 $23,550 $0 $10,143 $33,692 Disposal Cost Allocation 2 $397,806 $0 $0 $397,806 Total Revenue Requirement $1,363,252 $525,336 $4,828,168 $6,716,756 1. Includes fall and spring clean-up events for Garbage Collection customers and the cost of managing mattresses, tires, and electronic waste for the Landfill customers. 2. The total revenue requirement for the Landfill is $5,225,974. The City collection tons represent 7.61% of the tons accepted at the Landfill. The disposal cost allocated to the Garbage Collection customer is 7.612% of $5,225,974, or $397,806 (calculation differences due to rounding). Cost of Service Rates Using the revenue requirement for each customer class (Table 2 -3) and the billing units from Table 2 -1, NewGen calculated the cost of service rates for customers and compared them to the current rates. The cost of service rates for Garbage Customers and Recycling Customers are more than the current rates , and the cost of service rate for non-City Landfill customers is less than the current Landfill rates. Table 2-4 Cost of Service Compared to Current Rates Current Rate Cost of Service Garbage Collection Residential $7.25 $10.36 Residential Extra Cart $7.25 $9.48 Commercial $9.00 $10.36 Commercial Extra Cart $9.00 $9.48 Recycling Collection $3.50 $4.44 Non-City Landfill Tons Wisconsin – Non-City Customers $50.241 $28.69 Gate Rate Customers $50.241 $28.69 WLSSD $31.261 $28.69 1. On July 1, 2025, the landfill rates increased from $49.48 to $51.00 per ton for non-City Wisconsin customers and other gate rate customers and increased from $30.88 to $31.63 per ton for WLSSD customers. The values shown are an average of the two rates. These rates do not include the Wisconsin State Fees that are passed onto the customer. Section 2 2-4 City of Superior, Wisconsin Revenue Reconciliation from Current Rates Table 2-5 compares the total revenue requirement for each customer class to the revenue generated by the customer class. The information show n for non-City Landfill in Table 2 -5 represents the L andfill revenues and expenses associated with third-party (i.e., non-City) tons. Costs associated with the disposal of waste from City collection customers are allocated to the Garbage Collection customer class. As reflected in the cost of service rates compare d to current rates from Table 2 -4, Table 2-5 shows the City does not currently generate sufficient revenue from Garbage Collection and Recycling Collection customers to cover the expenses incurred. In contrast, the Landfill generates more revenues than the typical annual expenses. The excess revenues generated by the Landfill help offset the shortfall from the Garbage and Recycling Collection customers. However, as the Landfill reaches capacity and the revenues from the Landfill de cline to zero , the under -recovery from collection customers is not sustainable, and rate increases will be required to maintain the overall financial health of the solid waste utility. Table 2-5 Revenue Reconciliation from Current Rates Garbage Collection Recycling Collection Non-City Landfill Total Total Revenue Requirement (Table 2-2) $1,363,252 $525,336 $4,828,168 $6,716,756 Total Rate Revenue (Table 2-1) $991,485 $414,330 $ 5,305,998 $6,711,813 Over/(Under) Recovery ($371,767) ($111,006) $477,831 ($4,942) Economics | Strategy | Stakeholders | Sustainability City of Superior, Wisconsin SECTION 3 DISPOSAL OPTIONS Section 3 outlines the short- and long-term options for the City once the Landfill reaches capacity. Regardless of whether or not the City operates the Landfill at reduced tonnage for several years, the City will ultimately need to either build and operate its own transfer station or use an existing transfer station, specifically the WLSSD transfer station in Duluth, Minnesota. Unlike Section 2, t he revenue requirements discussed in this section do not reflect typical costs for the Landfill and are instead reflective of the current status of the Landfill that is near capacity and subsequent closure. Therefore, the revenue requirements presented in Section 3 differ from those presented in Section 2. Also, whereas Section 2 used FY 2025 as the basis for the analysis, Section 3 projects costs for five years starting with FY 2026. Haul to Existing WLSSD Transfer Station This option assumes the City close s the Landfill at the end of FY 2026 and starts hauling to the WLSSD transfer station for FY 2027. WLSSD, which represents approximately 85% of the waste currently accepted at the City’s Landfill, will stop hauling to the City’s Landfill on June 30, 2026. Therefore, the cost to operate the Landfill decreases during the second half of FY 2026. Based on preliminary discussions between the City and WLSSD, NewGen assumed a disposal cost of $90 per ton at the WLSSD transfer station, increasing each year due to inflation. NewGen assumed any costs associated with maintaining the Landfill in FY 2027 and beyond would be paid from the City’s closure and post-closure fund. Table 3-1 shows the five-year revenue requirement for this option. Table 3-1 Five-Year Revenue Requirement – Haul to WLSSD Year 1 FY 2026 Year 2 FY 2027 Year 3 FY 2028 Year 4 FY 2029 Year 5 FY 2030 Garbage Collection $1,262,315 $2,037,187 $2,099,674 $2,164,047 $2,230,365 Recycling Collection $570,463 $635,621 $658,873 $682,816 $707,470 Non-City Landfill $2,676,565 $0 $0 $0 $0 Total $4,509,343 $2,672,809 $2,758,547 $2,846,863 $2,937,835 Section 3 3-2 City of Superior, Wisconsin City-Owned Transfer Station The City retained an engineering firm to conduct a Transfer Station Feasibility Analysis. NewGen utilized this analysis, with several adjustments based on discussions with City staff, for the facility capital and operating costs. NewGen then estimated the hauling costs based on several landfill options in the region. The financial analysis in this section was based on a total annual tonnage of 20 ,000 tons at the transfer station, which would account for the City’s tonnage plus additional tonnage from non-City customers. While the feasibility analysis was based on building a transfer station at the City’s Landfill, it is uncertain whether the Landfill would be the chosen location for a City-owned transfer station. Therefore, NewGen also included an additional option for a transfer station at a new, undetermined location. The additional costs associated with a new location for the transfer station include land, additional site work, a scale house, and a scale. Table 3 -2 shows the costs for a City -owned transfer station, i ncluding hauling and disposal, for both locations. Table 3-2 Annualized and Per-ton Cost for City-Owned Transfer Station At Landfill New Location Tons At Landfill (per ton) New Location (per ton) Transfer Station Building/Site Capital 1 $194,477 $282,775 20,000 $9.72 $14.14 Equipment Capital 2 $16,661 $16,661 20,000 $0.83 $0.83 Operating and Maintenance $464,724 $477,654 20,000 $23.24 $23.88 Hauling 3 $773,369 $773,369 20,000 $38.67 $38.67 Disposal Disposal Fee 4 $630,000 $630,000 20,000 $31.50 $31.50 State Fee 5 $260,000 $260,000 20,000 $13.00 $13.00 Total $2,339,230 $2,440,458 $116.96 $122.02 1. NewGen assumed the capital costs for the building and site would be financed for 20 years using an interest rate of 4%. 2. NewGen assumed the capital costs for equipment would be financed for 20 years using an interest rate of 4%. 3. Hauling costs were developed based on a one-way haul distance of 70 miles and an average payload of 18 tons. 4. The disposal fee was based on $31.50 per ton. 5. A $13 per ton fee was added to the disposal fee to account for state fees. Table 3-2 shows a total per-ton cost range of approximately $117 to $122 per ton if the City were to build and operate a transfer station, which is 30% to 36% higher than the estimated $90 per ton for the City to haul to the WLSSD transfer station. Due to this higher cost, NewGen did not develop a five-year revenue requirement for the City-owned transfer station option. Reduced Landfill Operations (Short-Term Option) Instead of closing the Landfill at the end of FY 2027, the City could maintain minimal operations at the Landfill and accept a limited amount of tons for approximately three years before reaching capacity. However, reducing the tons can potentially result in a higher cost per ton. Disposal Options City of Superior, Wisconsin 3-3 For this option, NewGen evaluated three tonnage scenarios. Each scenario has the same amount for City tons but differs in the amount of non-City tons accepted. Table 3-3 Tonnage Scenarios City Tons Non-City Tons Total Tons Scenario 1 9,540 6,670 16,210 Scenario 2 9,540 3,335 12,875 Scenario 3 9,540 0 9,540 The following three tables show the five-year revenue requirement for each of the tonnage scenarios based on the City operating the Landfill for an additional three years (FY 2027, 2028, and 2029) and then hauling to the WLSSD transfer station in FY 2030. The tables show that as the non -City tons decline, the revenue requirement for Garbage Collection increases (e.g., the residential and commercial user fees will need to be increased more) since the cost per ton for disposal increases.1 Section 4 includes the proposed rates for each of the tonnage scenarios and how they compare to the City starting to use the WLSSD transfer station in Y 2027. Table 3-4 Reduced Landfill Operations – Tonnage Scenario 1 Year 1 FY 2026 Year 2 FY 2027 Year 3 FY 2028 Year 4 FY 2029 Year 5 FY 2030 Garbage Collection $1,430,301 $1,946,435 $2,001,400 $2,058,007 $2,230,365 Recycling Collection $570,789 $584,151 $605,423 $627,334 $707,470 Non-City Landfill $2,489,749 $618,350 $633,404 $648,876 $0 Total $4,490,839 $3,148,936 $3,240,227 $3,334,218 $2,937,835 Table 3-5 Reduced Landfill Operations – Tonnage Scenario 2 Year 1 FY 2026 Year 2 FY 2027 Year 3 FY 2028 Year 4 FY 2029 Year 5 FY 2030 Garbage Collection $1,430,301 $2,143,124 $2,203,659 $2,265,992 $2,230,365 Recycling Collection $570,789 $585,182 $606,473 $628,403 $707,470 Non-City Landfill $2,489,749 $377,276 $386,741 $396,470 $0 Total $4,490,839 $3,105,583 $3,196,873 $3,290,864 $2,937,835 1 Operating a landfill is a relatively fixed cost business, so as the tonnage decreases, there is not a corresponding decrease in the operating costs. Section 3 3-4 City of Superior, Wisconsin Table 3-6 Reduced Landfill Operations – Tonnage Scenario 3 Year 1 FY 2026 Year 2 FY 2027 Year 3 FY 2028 Year 4 FY 2029 Year 5 FY 2030 Garbage Collection $1,430,301 $2,475,982 $2,545,964 $2,618,007 $2,230,365 Recycling Collection $570,789 $586,247 $607,556 $629,504 $707,470 Non-City Landfill $2,489,749 $0 $0 $0 $0 Total $4,490,839 $3,062,229 $3,153,520 $3,247,511 $2,937,835 Economics | Strategy | Stakeholders | Sustainability City of Superior, Wisconsin SECTION 4 BENCHMARKING AND RATE DESIGN Benchmarking Prior to developing recommended rates for each of the disposal options, NewGen benchmarked residential garbage and recycling rates for other communities in the region. The rates in Figure 4-1 show that the current residential rate for the City of Superior, a combined $10.75 per household per month for garbage and recycling collection, is lower than any other communities in the region. The City is $14.50 per month less than the average of $25.25 per month. Stated another way, the City’s residential garbage and recycling rate is 43% of the average in the region. Notes: 1. Rates for all communities except for Bemidji and New Elm include recycling. 2. City of Superior rates include garbage collection, recycling collection, annual brush pick-up, HHW drop-off, and clean-up events. 3. Duluth’s rate is based on rates published by Hartel’s Disposal, which is a licensed hauler in Duluth, MN. Figure 4-1 Benchmarking of Current Residential Solid Waste and Recycling Rates $- $10.00 $20.00 $30.00 $40.00 $50.00 $60.00 Monthly Rates – Residential Garbage and Recycling Average = $25.25 Section 4 4-2 City of Superior, Wisconsin Rate Recommendations For each of the disposal options in Section 3, NewGen developed a five -year rate recommendation. NewGen did not include a rate recommendation for a City -owned transfer station since this option was more expensive than hauling to WLSSD. Two key assumptions for the rate recommendations were: • For the reduced landfill scenarios, NewGen assumed the City would implement a Landfill tipping fee increase of $15 per ton for FY 2027 and then increase it by another $2 per ton per year for the following two years. • Collection rates should be increased to maintain a minimum unrestricted fund balance of 20 to 25%, when possible. Based on these two key assumptions, Tables 4 -1 through 4-3 show the five-year rate recommendations for the disposal options. Table 4 -1 shows residential garbage collection, Table 4 -2 shows residential recycling collection, and Table 4 -3 shows commercial garbage collection. For recycling collection, the rates are the same for all scenarios. Table 4-1 Five-Year Rate Recommendations – Residential Garbage Year 1 FY 2026 Year 2 FY 2027 Year 3 FY 2028 Year 4 FY 2029 Year 5 FY 2030 Haul to WLSSD Starting in FY 2027 $7.25 $14.75 $15.75 $16.50 $16.50 Short-Term Landfill Scenarios Scenario 1 $7.25 $14.25 $15.25 $16.25 $17.25 Scenario 2 $7.25 $15.25 $16.50 $17.50 $18.50 Scenario 3 $7.25 $17.25 $17.75 $18.75 $18.75 Table 4-2 Five-Year Rate Recommendations – Residential Recycling Year 1 FY 2026 Year 2 FY 2027 Year 3 FY 2028 Year 4 FY 2029 Year 5 FY 2030 Haul to WLSSD Starting in FY 2027 $3.50 $5.00 $5.50 $6.00 $6.00 Short-Term Landfill Scenarios Scenario 1 $3.50 $5.00 $5.50 $6.00 $6.00 Scenario 2 $3.50 $5.00 $5.50 $6.00 $6.00 Scenario 3 $3.50 $5.00 $5.50 $6.00 $6.00 Benchmarking and Rate Design City of Superior, Wisconsin 4-3 Table 4-3 Five-Year Rate Recommendations – Commercial Garbage Year 1 FY 2026 Year 2 FY 2027 Year 3 FY 2028 Year 4 FY 2029 Year 5 FY 2030 Haul to WLSSD Starting in FY 2027 $9.00 $18.30 $19.50 $20.40 $20.40 Short-Term Landfill Scenarios Scenario 1 $9.00 $17.70 $18.90 $20.10 $21.30 Scenario 2 $9.00 $18.90 $20.40 $21.60 $22.80 Scenario 3 $9.00 $21.40 $22.00 $23.20 $23.20 Using the rates from Tables 4-1 through 4-3 and revenue requirements from Section 3, NewGen projected the fund balance, as a percentage of revenue requirement, for each of the scenarios. There is a significant drop in fund balance from FY 2026 to FY 2027 due to a planned $2.4 million transfer from the unrestricted fund balance to the restricted fund balance related to landfill closure. There is also a significant ($850,000) cash capital outlay for equipment in FY 2030. In all cases, the ending fund balance is similar and within the 20 -25% target and expected to increase in FY 2031. Figure 4-2 Comparison of Fund Balance Levels Based on Disposal Option Rates 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 Fund Balance as Percent of Revenue Requirement Haul to WLSSD Scenario 1 Scenario 2 Scenario 3 Target Fund Balance (This page intentionally left blank) Economics | Strategy | Stakeholders | Sustainability City of Superior, Wisconsin SECTION 5 SUMMARY AND RECOMMENDATIONS Based on the analysis that NewGen completed, with input and support from City staff, NewGen developed the following key findings and recommendations: • The City has relied on revenue from the Landfill to keep residential rates low. • Once the landfill closes, residential rates will need to increase to recover the cost of providing service. • Hauling to the WLSSD transfer station is a cost-competitive option that reduces financial risk to the City. • With the recommended rate increases, the City is projected to fully recover costs by FY 2028 and maintain adequate reserves. • The total residential rate for garbage and recycling in FY 2030 is expected to be similar or less to the present-day average rates for the benchmarked communities. If the City moves forward with utilizing the WLSSD transfer station and for egoing the option to operate the Landfill with reduced tonnage, the following provides an overall implementation plan: 1. Stop accepting waste from WLSSD at the end of June 2026. 2. Continue accepting waste from City collections and other small haulers until the end of FY 2026 or until final cover construction begins in FY 2027. 3. Begin final closure of the Moccasin Mike Landfill in FY 2027. 4. Haul waste from City collections to the WLSSD transfer station starting in FY 2027. 5. Periodically evaluat e the feasibility of a City-owned transfer station against market rates for transfer and disposal to ensure hauling to the WLSSD transfer station is still the “least cost option.” (This page intentionally left blank) APPENDIX A SCHEDULES Economics | Strategy | Stakeholders | Sustainability City of Superior, Wisconsin APPENDIX A SCHEDULES List of Schedules Schedule 1 Baseline Test Year Schedule 2 Baseline Garbage Cost of Service Schedule 3 Baseline Recycling Cost of Service Schedule 4 Baseline Landfill Cost of Service Schedule 5 Over/Under Recovery at Proposed Rates – Haul to WLSSD Schedule 6 Reserves Under Proposed Rates – Haul to WSLSSD Schedule 7 Over/Under Recovery at Proposed Rates – Reduced Landfill Tons Scenario 1 Schedule 8 Reserves Under Proposed Rates – Reduced Landfill Tons Scenario 1 Schedule 9 Over/Under Recovery at Proposed Rates – Reduced Landfill Tons Scenario 2 Schedule 10 Reserves Under Proposed Rates – Reduced Landfill Tons Scenario 2 Schedule 11 Over/Under Recovery at Proposed Rates – Reduced Landfill Tons Scenario 3 Schedule 12 Reserves Under Proposed Rates – Reduced Landfill Tons Scenario 3 Schedule 1 Draft City of Superior, Wisconsin Solid Waste Cost of Service and Rate Design Study Baseline Test Year Line 2024 2024 2025 Test Inflation No. Description Budget Projection Budget Adjustments Year Factor Notes Expenses 1 602-5362/Public Works-Refuse & Garbage Collection 2 11-SALARIES 3 602-5362-536.11-10/SALARIES / SALARIES-PERMANENT-REGULR 351,509 $ 404,552 $ 370,140 $ 370,140 $ Salaries 4 602-5362-536.11-20/SALARIES / SALARIES-PERM-OVERTIME 5,000 3,314 5,000 5,000 Salaries 5 15-EMPLOYER CONTRIBUTIONS 6 602-5362-536.15-10/EMPLOYER CONTRIBUTI ONS / BENEFITS-SOC SECURITY 27,273 $ 27,815 $ 28,698 $ 28,698 $ Benefits 7 602-5362-536.15-20/EMPLOYER CONTRIBUTIONS / BENEFITS-EMPLOYER WRF 24,243 26,820 26,072 26,072 Benefits 8 602-5362-536.15-25/EMPLOYER CONTRIBUTIONS / BENEFITS - EMPL RETIREMNT 17,825 17,825 15,006 15,006 Benefits 9 602-5362-536.15-40/EMPLOYER CONTRIBUTIONS / BENEFITS-HLTH INSUR 139,732 148,035 143,434 143,434 Benefits 10 602-5362-536.15-50/EMPLOYER CONTRIBUTIONS / BENEFITS-LIFE INSUR 880 1,633 880 880 Benefits 11 602-5362-536.15-60/EMPLOYER CONTRIBUTIONS / BENEFITS-WORKERS COMP 14,588 17,945 13,362 13,362 Benefits 12 602-5362-536.15-93/EMPLOYER CONTRIBUTI ONS / BENEFITS-LICENSE FEE RMB - 80 - - Benefits 13 602-5362-536.15-94/EMPLOYER CONTRIBUTI ONS / BENEFITS-BOOT ALLOWANCE 750 645 750 750 Benefits 14 22-UTILITY SERVICES 15 602-5362-536.22-50/UTILITY SERVICES / UTILITIES-TELEPHONE 5,500 $ 4,621 $ 4,700 $ 4,700 $ Utilities 16 24-REPAIR AND MAINTENANCE SERVICES OTHER 17 602-5362-536.24-20/RPR & MNT SVC-OTHER / RPR & MNT SVC-MACH/EQUIP - $ - $ - $ - $ Maintenance 18 29-OTHER CONTRACTUAL SVCS 19 602-5362-536.29-90/OTHER CONTRACTUAL SVCS / OTHER CONTRAC SVCS-MISC 14,500 $ 14,869 $ 14,500 $ 14,500 $ General 20 32-PUBS, SUBS, DUES 21 602-5362-536.32-10/PUBS, SUBS, DUES 817 $ - $ - $ General 22 34-OPERATING SUPPLIES 23 602-5362-536.34-90/OPERATING SUPPLIES / OPERATING SUPP-OTHER MISC 33,000 $ 269 $ 400 $ 400 $ General 24 35-REPAIR & MNT SUPPLIES 25 602-5362-536.35-10/REPAIR & MNT SUPPLIES / RPR & MNT SUPP-FUEL & OIL 86,890 $ 62,725 $ 60,000 $ 60,000 $ Maintenance 26 602-5362-536.35-30/REPAIR & MNT SUPPLIES / RPR & MNT SUPP-MACH/EQUIP 30,000 35,398 35,000 35,000 Maintenance 27 602-5362-536.35-90/REPAIR & MNT SUPPLIES / RPR & MNT SUPP-MISC - 6 - - Maintenance 28 39-OTHER SUPPLIES & EXPENSE 29 602-5362-536.39-10/OTHER SUPPLIES & EXPENSE / OTHER SUPPLIES & EXPENSE - $ - $ - $ - $ General 30 54-DEPRECIATION & AMORTIZTN 31 602-5362-536.54-10/DEPRECIATION & AMORTIZTN / DEPRECIATION 121,508 $ 72,421 $ 73,000 $ (73,000)$ - $ General A -$ General 32 Annualized Equipment Replacement 173,929 173,929 $ Capital Projects A 33 Total 602-5362/Public Works-Refuse & Garbage Collection 873,198 $ 839,790 $ 790,942 $ 100,929 $ 891,871 $ 34 602-5363/PUBLIC WORKS-SOLID WASTE DISPOSAL (Landf ill Operations) 35 11-SALARIES 36 602-5363-536.11-10/SALARIES / SALARIES-PERMANENT-REGULR 483,868 $ 468,772 $ 462,505 $ 462,505 $ Salaries 37 602-5363-536.11-20/SALARIES / SALARIES-PERM-OVERTIME 40,000 32,804 40,000 40,000 Salaries 38 602-5363-536.11-50/SALARIES / SALARIES-PT/TEMP-REGULAR 34,793 63,552 74,103 74,103 Salaries 39 15-EMPLOYER CONTRIBUTIONS 40 602-5363-536.15-10/EMPLOYER CONTRIBUTI ONS / BENEFITS-SOC SECURITY 41,900 $ 39,836 $ 44,111 $ 44,111 $ Benefits Prepared by NewGen Strategies and Solutions Page 1 of 4 1/12/2026 Schedule 1 Draft City of Superior, Wisconsin Solid Waste Cost of Service and Rate Design Study Baseline Test Year Line 2024 2024 2025 Test Inflation No. Description Budget Projection Budget Adjustments Year Factor Notes 41 602-5363-536.15-20/EMPLOYER CONTRIBUTIONS / BENEFITS-EMPLOYER WRF 36,500 35,038 39,227 39,227 Benefits 42 602-5363-536.15-25/EMPLOYER CONTRIBUTIONS / BENEFITS - EMPL RETIREMNT 27,933 27,933 23,064 23,064 Benefits 43 602-5363-536.15-40/EMPLOYER CONTRIBUTIONS / BENEFITS-HLTH INSUR 215,242 198,336 162,568 162,568 Benefits 44 602-5363-536.15-50/EMPLOYER CONTRIBUTIONS / BENEFITS-LIFE INSUR 1,122 1,162 1,101 1,101 Benefits 45 602-5363-536.15-60/EMPLOYER CONTRIBUTIONS / BENEFITS-WORKERS COMP 14,133 16,008 11,665 11,665 Benefits 46 602-5363-536.15-80/EMPLOYER CONTRIBUTIONS / BENEFITS-UNMPLYMNT COMP 4,000 5,430 4,000 4,000 Benefits 47 602-5363-536.15-94/EMPLOYER CONTRIBUTI ONS / BENEFITS-BOOT ALLOWANCE 750 666 900 900 Benefits 48 21-PROFESSIONAL SERVICES 49 602-5363-536.21-20/PROFESSIONAL SERVICES / PROF SVCS-LEGAL - $ - $ General 50 602-5363-536.21-30/PROFESSIONAL SERVICES / PROF SVCS-AUDIT 20,000 - 6,000 6,000 General 51 602-5363-536.21-50/PROFESSIONAL SERVICES / PROF SVCS-ENGIN/ARCHITECT 75,000 72,607 75,000 75,000 General 52 22-UTILITY SERVICES 53 602-5363-536.22-20/UTILITY SERVICES / UTILITIES-GENERAL 20,000 $ 15,400 $ 17,500 $ 17,500 $ Utilities 54 602-5363-536.22-50/UTILITY SERVICES / UTILITIES-TELEPHONE 3,000 2,448 2,500 2,500 Utilities 55 24-RPR & MNT SVC-OTHER 56 602-5363-536.24-20/RPR & MNT SVC-OTHER / RPR & MNT SVC-MACH/EQUIP 10,000 $ 11,748 $ 10,000 $ 10,000 $ Maintenance 57 602-5363-536.24-50/RPR & MNT SVC-OTHER / RPR & MNT SVC-GROUNDS 5,000 6,557 5,000 5,000 Maintenance 58 602-5363-536.24-70/RPR & MNT SVC-OTHER / RPR & MNT SVC-BUILDINGS 7,000 2,415 5,000 5,000 Maintenance 59 602-5363-536.24-90/RPR & MNT SVC-OTHER / RPR & MNT SVC-OTHER MISC 100,000 71,866 80,000 80,000 Maintenance 60 29-OTHER CONTRACTUAL SVCS 61 602-5363-536.29-90/OTHER CONTRACTUAL SVCS / OTHER CONTRAC SVCS-MISC 160,000$ 301,548 $ 295,000 $ 295,000 $ General 62 602-5363-536.29-94/OTHER CONTRACTUAL SVCS / STORMWATER FEES 3,000 4,053 3,000 3,000 General 63 602-5363-536.29-95/OTHER CONTRACTUAL SVCS / LEACHATE TREATMENT 90,000 114,162 84,000 84,000 General 64 31-OFFICE SUPPLIES 65 602-5363-536.31-90/OFFICE SUPPLIES / OFFICE SUPPLIES 1,000 $ 1,409 $ 900 $ 900 $ General 66 32-PUBLICATION, SUBS, DUES 67 602-5363-536.32-10/PUBLICATION, SUBS, DUES / PUBS, SUBS, DUES 3,000 $ 5,332 $ 2,600 $ 2,600 $ General 68 33-TRAVEL 69 602-5363-536.33-40/TRAVEL / TRAVEL & TRAINING 2,500 $ 1,776 $ 2,000 $ 2,000 $ General 70 34-OPERATING SUPPLIES 71 602-5363-536.34-90/OPERATING SUPPLIES / OPERATING SUPP-OTHER MISC 150,000 $ 153,270 $ 195,000 $ 195,000 $ General 72 35-REPAIR & MNT SUPPLIES 73 602-5363-536.35-10/REPAIR & MNT SUPPLIES / RPR & MNT SUPP-FUEL & OIL 218,285 $ 177,849 $ 165,000 $ 165,000 $ Fuel 74 602-5363-536.35-20/REPAIR & MNT SUPPLIES / RPR & MNT SUPP-VEHIC PRTS 15,000 - 15,000 15,000 Maintenance 75 602-5363-536.35-30/REPAIR & MNT SUPPLIES / RPR & MNT SUPP-MACH/EQUIP 10,000 3,163 15,000 15,000 Maintenance 76 602-5363-536.35-90/REPAIR & MNT SUPPLIES / RPR & MNT SUPP-MISC 55,000 19,252 35,000 35,000 Maintenance 77 39-OTHER SUPPLIES & EXPENSE 78 602-5363-536.39-10/OTHER SUPPLIES & EXPENSE / OTHER SUPPLIES & EXPENSE 1,061,800$ 1,277,583 $ 1,500,000 (831,382) 668,618 $ General B 79 51-INSURANCE 80 602-5363-536.51-30/INSURANCE / INSURANCE 21,534 $ 21,534 $ 21,534 $ 21,534 $ General 81 53-RENTS & LEASES 82 602-5363-536.53-30/RENTS & LEASES / RENTS & LEASES-MACH/EQUIP 2,000 $ 4,415 $ 2,000 $ 2,000 $ General 83 602-5363-536.53-90/RENTS & LEASES / RENTS & LEASES-OTHER MISC - - - General 84 54-DEPRECIATION & AMORTIZTN Prepared by NewGen Strategies and Solutions Page 2 of 4 1/12/2026 Schedule 1 Draft City of Superior, Wisconsin Solid Waste Cost of Service and Rate Design Study Baseline Test Year Line 2024 2024 2025 Test Inflation No. Description Budget Projection Budget Adjustments Year Factor Notes 85 602-5363-536.54-10/DEPRECIATION & AMORTIZTN / DEPRECIATION 596,393 $ 651,794 $ 650,000 $ (650,000)$ - $ General C 86 59-LICENSES & PERMITS 87 602-5363-536.59-10/LICENSES & PERMITS / LICENSES & PERMITS 1,750,000 $ 1,745,699 $ 1,750,000 $ ($120,376) 1,629,624 $ General 88 74-LOSSES 89 602-5363-536.74-90/LOSSES / OTHER LOSSES - $ - $ - $ - $ General -$ General 90 Annualized Equipment Replacement 248,526 248,526 $ Capital Projects C -$ General 91 Annualized Landfill Cell Development Costs 705,294 705,294 $ None C 92 Total 602-5363/PUBLIC WORKS-SOLID WASTE DISPOSAL (Landfill Operations) 5, 279,753$ 5,555,418 $ 5,800,278 $ (647,938) $ 5,152,340 $ 93 602-5364/PUBLIC WORKS-RECYCLING 94 11-SALARIES 95 602-5364-536.11-10/SALARIES / SALARIES-PERMANENT-REGULR 18,017 $ 15,986 $ 18,962 $ 18,962 $ Salaries 96 602-5364-536.11-20/SALARIES / SALARIES-PERM-OVERTIME - 75 - - Salaries 97 602-5364-536.11-50/SALARIES / SALARIES-PT/TEMP-REGULAR - 1,180 - - Salaries 98 15-EMPLOYER CONTRIBUTIONS 99 602-5364-536.15-10/EMPLOYER CONTRIBUTI ONS / BENEFITS-SOC SECURITY 1,378 $ 1,203 $ 1,451 $ 1,451 $ Benefits 100 602-5364-536.15-20/EMPLOYER CONTRIBUTIONS / BENEFITS-EMPLOYER WRF 1,225 1,171 1,318 1,318 Benefits 101 602-5364-536.15-25/EMPLOYER CONTRIBUTION S / BENEFITS - EMPL RETIREMNT 901 901 758 758 Benefits 102 602-5364-536.15-40/EMPLOYER CONTRIBUTIONS / BENEFITS-HLTH INSUR 4,998 6,136 6,313 6,313 Benefits 103 602-5364-536.15-50/EMPLOYER CONTRIBUTIONS / BENEFITS-LIFE INSUR 45 43 45 45 Benefits 104 602-5364-536.15-60/EMPLOYER CONTRIBUTIONS / BENEFITS-WORKERS COMP 25 27 32 32 Benefits 105 602-5364-536.15-94/EMPLOYER CONTRIBUTI ONS / BENEFITS-BOOT ALLOWANCE - 8 8 8 Benefits 106 29-OTHER CONTRACTUAL SVCS 107 602-5364-536.29-90/OTHER CONTRACTUAL SVCS / OTHER CONTRAC SVCS-MISC 460,000$ 491,359 $ 555,763 $ 555,763 $ General 108 32-PUBLICATION, SUBS, DUES 109 602-5364-536.32-10/PUBLICATION, SUBS, DUES / PUBS, SUBS, DUES - $ - $ - $ - $ General 110 33-TRAVEL 111 602-5364-536.33-40/TRAVEL / TRAVEL & TRAINING - $ - $ - $ - $ General 112 34-OPERATING SUPPLIES 113 602-5364-536.34-90/OPERATING SUPPLIES / OPERATING SUPP-OTHER MISC 200 $ - $ - $ - $ General 114 35-REPAIR & MNT SUPPLIES 115 602-5364-536.35-30/REPAIR & MNT SUPPLIES / RPR & MNT SUPP-MACH/EQUIP - $ 145 $ 150 $ 150 $ Maintenance 116 602-5364-536.35-90/REPAIR & MNT SUPPLIES / RPR & MNT SUPP-MISC - - - - Maintenance 117 Total 602-5364/PUBLIC WORKS-RECYCLING 486,789 $ 518,233 $ 584,800 $ - $ 584,800$ 118 DEBT SERVICE 119 62-DEBT SERVICE 120 602-5820-582.62-10/DEBT SERVICE / INTEREST 5,842 $ 5,842 $ 5,842 $ 5,842 $ None 121 69-OTHER DEBT SERVICE 122 602-5820-582.63-10/OTHER DEBT SERV ICE / DEBT ISSUANCE COSTS - $ - $ - $ None Prepared by NewGen Strategies and Solutions Page 3 of 4 1/12/2026 Schedule 1 Draft City of Superior, Wisconsin Solid Waste Cost of Service and Rate Design Study Baseline Test Year Line 2024 2024 2025 Test Inflation No. Description Budget Projection Budget Adjustments Year Factor Notes 123 602-5820-582.69-10/OTHER DEBT SERVICE / OTHER DEBT SVC CHARGES 200 100 100 100 None 124 Total Debt Service 6,042 $ 5,942 $ 5,942 $ - $ 5,942$ 125 OTHER FINANCING USES (Shop Maintenance Charges) 126 90-OTHER FINANCING USES 127 602-5920-592.90-20/OTHER FINANCING USES / TRANSFER TO OTHER FUNDS 247,636 $ 271,508 $ 315,626 $ 315,626 $ General 128 Total Other Financial Uses 247,636 $ 271,508 $ 315,626 $ - $ 315,626$ 129 Total Expenses 6,893,418 $ 7,190,891 $ 7,497,588 $ (547,009) $ 6,950,579 $ 130 Revenues 131 REVENUES 132 Special Assessment-Oth - $ - $ - $ - $ None 133 Federal Grants - - - - None 134 Recycling Grant (100,000) (100,500) (100,500) (100,500) None 135 3rd Party Disposal (660,000) (500,000) (500,000) 500,000 - None D 136 WLSSD Disposal (4,411,602) (4,545,919) (4,656,036) 4,656,036 - None D 137 WWTP Sludge/Compost Overs - - - - None 138 Garbage Fee (970,095) (970,095) (970,095) 970,095 - None D 139 Recycling Fee (403,200) (403,200) (414,330) 414,330 - None D 140 DEMO - - - - None 141 Sewer Sludge (141,250) (142,500) (143,750) 143,750 - None D 142 Interest Revenue - (216,982) (223,492) 173,462 (50,030) Interest E 143 Rent-Extra Containers - - - - None 144 Property Sales/ Auction Sales - - - - None 145 Insurance Rebates - - - - None 146 Ins. Recovery/Prop/Veh/Equip - - - - None 147 Other Misc. Revenue (32,000) (32,640) (33,293) (33,293) None 148 Carbon Credits (50,000) (100,000) (50,000) (50,000) None 149 Total Revenues (6,768,147) $ (7,011,836) $ (7,091,496) $ 6,857,673 $ (233,823) $ 150 Net Revenue Requirement 125,271 $ 179,055 $ 406,092 $ 6,310,664$ 6,716,756 $ Notes: A. Depreciation expense on line 31 has been adjusted out and substituted with an amortized annual equipment replacement cost sh own in line 32. B. Additional closure/post-closure spending costs in FY 2025 have been adjusted out to reflect standard annual closure/post-closure expenditures. C. Depreciation expense on line 85 has been adjusted out and substituted with an amortized annual equipment replacement cost sh own in line 90 and annualized landfill cell development costs shown in line 91. D. Revenue generated from monthly residential fees and landfill tonna ge fees have been adjusted out in order to determine the net revenue requirement of these services. E. Adjusted to remove interest associated with restricted cash that will be used towards closure/post-closure care costs and will not be used to offset the revenue requirement. Prepared by NewGen Strategies and Solutions Page 4 of 4 1/12/2026 DRAFT Schedule 2 City of Superior, Wisconsin Solid Waste Cost of Service and Rate Design Study Baseline Residential Garbage Cost of Service Line Test Year No. FY 2025 1 Direct Cost 2 Residential Garbage Collection 868,321 $ 3 Indirect Cost 4 Administration 73,575 $ 5 Spring/Fall Clean-up 23,550 6 Indirect Cost Subtotal 97,125 $ 7 Disposal Costs 397,806 $ 8 Total Residential Garbage Collection Costs 1,363,252$ 9 Billing Units 10 Residential Customers 8,714 11 Extra Carts 1,297 12 Commercial Cart Customers 469 13 Commercial Extra Carts 647 14 Direct Cost per Month 6.50 $ 15 Indirect Cost per Month 0.88 $ 16 Disposal Cost per Month 17 Total Carts 11,127 18 Weekly Disposal (gallons) 1,068,192 19 Monthly Disposal (gallons) 4,628,832 20 Disposal Cost per Gallon per Month 0.03 21 Cart Collection Monthly Cost of Service 22 Cart Customers 10.36 $ 23 Extra Carts 9.48 $ Prepared by NewGen Strategies and Solutions, LLC 1/12/2026 Page 1 of 1 DRAFT Schedule 3 City of Superior, Wisconsin Solid Waste Cost of Service and Rate Design Study Residential Recycling Cost of Service Line Test Year No. FY 2025 1 Direct Costs 2 Residential Recycling 484,300$ 3 Indirect Costs 4 Administration 41,036$ 5 Disposal Costs - $ 6 Total Residential Recycling Costs 525,336$ 7 Billing Units 8 Recycling Customers 9,865 9 Monthly Recycling Cost of Service 4.44 $ Prepared by NewGen Strategies and Solutions, LLC 1/12/2026 Page 1 of 1 DRAFT Schedule 4 City of Superior, Wisconsin Solid Waste Cost of Service and Rate Design Study Baseline Landfill Cost of Service Line Test Year No. FY 2025 1 Direct Cost 2 Landfill Refuse 4,807,631 $ 3 Indirect Cost 4 Administration 407,364 $ 5 Brush Grinding - 6 Mattresses 4,090 7 Tires 3,444 8 Leaves - 9 E-Waste 3,444 10 HHW - 11 Indirect Cost Subtotal 418,343 $ 12 Total Landfill Cost 5,225,974 $ 13 Tonnage 14 MSW - WI (City) 9,542 15 MSW - WI (non-City) 6,361 16 MSW - MN 101,196 17 Demolition - MN 5,100 18 Demolition - WI 308 19 WWTP Sludge - MN - 20 WWTP Sludge - WI 2,847 21 Drop off - MN - 22 Drop off - WI - 23 Tires - 24 Fee Exempt Waste Used for Cover - 25 Contam. Soil Used for Cover - 26 Non-Profit - 27 Total Tonnage 125,356 28 Disposal Cost per Ton 41.69 $ 29 Disposal Cost LESS $13 Recycling Fee 28.69 $ 30 Percent of City Garbage Tons 7.61% 31 Disposal Cost Allocated to Residential Garbage 397,806 $ 32 Disposal Cost Allocated to Remaining Customers 4,828,168 $ Prepared by NewGen Strategies and Solutions, LLC 1/12/2026 Page 1 of 1 DRAFT Schedule 5 City of Superior, Wisconsin Solid Waste Cost of Service and Rate Design Study Over/(Under) at Proposed Rates - Haul to WLSSD Line Year 1 Year 2 Year 3 Year 4 Year 5 No. FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 1 Garbage Collection 2 1,262,315$ 2,037,187$ 2,099,674$ 2,164,047$ 2,230,365$ 3 4 758,118$ 1,542,378$ 1,646,946$ 1,725,372$ 1,725,372$ 5 112,839 229,569 245,133 256,806 256,806 6 50,652 102,992 109,746 114,811 114,811 7 69,876 142,081 151,398 158,386 158,386 8 991,485$ 2,017,021$ 2,153,223$ 2,255,375$ 2,255,375$ 9 (270,830)$ (20,167)$ 53,549$ 91,328$ 25,010$ 10 Garbage Revenue Requirement Garbage Revenue Residential Cart Customers Residential Extra Carts Commercial Cart Customers Commercial Extra Carts Total Garbage Collection Revenue Over/(Under) at Proposed Rates Cumulative Over/(Under) at Proposed Rates (556,629)$ (576,796)$ (523,247)$ (431,919)$ (406,909)$ 11 Residential Recycling Collection 12 Residential Recycling Revenue Requirement 570,463$ 635,621 $ 658,873 $ 682,816 $ 707,470 $ 13 Residential Recycling Revenue 414,330 $ 591,900 $ 651,090 $ 710,280 $ 710,280 $ 14 Over/(Under) at Proposed Rates (156,133)$ (43,721)$ (7,783)$ 27,464$ 2,810$ 15 Cumulative Over/(Under) at Proposed Rates (278,918)$ (322,640)$ (330,422)$ (302,958)$ (300,148)$ 16 Landfill 17 Landfill Revenue Requirement 2,897,095 $ - $ -$ -$ - $ 18 Landfill Revenue Requirement LESS Allocated Disposal Cost 2,676,565$ - $ -$ -$ - $ 19 Landfill Revenue 20 Wisconsin Gate Tonnage 485,348$ - $ -$ -$ - $ 21 MN Tonnage 1,681,085$ - $ -$ -$ - $ 22 $13 Recycling Fee 814,646$ - $ -$ -$ - $ 23 Total Landfill Revenue 2,981,078$ - $ -$ -$ - $ 24 Over/(Under) at Proposed Rates 304,513$ - $ -$ -$ - $ 25 Cumulative Over/(Under) at Proposed Rates 304,513$ 304,513 $ 304,513 $ 304,513 $ 304,513 $ 26 Total Revenue Requirement 4,509,343 $ 2,672,809 $ 2,758,547 $ 2,846,863 $ 2,937,835 $ 27 Total Revenues 4,386,893 $ 2,608,921 $ 2,804,313 $ 2,965,655 $ 2,965,655 $ 28 Total Over/(Under) at Proposed Rates (122,450)$ (63,888)$ 45,766$ 118,792$ 27,820$ 29 Total Cumulative Over/(Under) at Proposed Rates (122,450)$ (186,338)$ (140,572)$ (21,779)$ 6,041$ Prepared by NewGen Strategies and Solutions, LLC 1/15/2026 Page 1 of 1 DRAFT Schedule 6 City of Superior, Wisconsin Solid Waste Cost of Service and Rate Design Study Reserves Under Proposed Rates - Haul to WLSSD Line Year 1 Year 2 Year 3 Year 4 Year 5 No FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 1 Unrestricted Cash Reserve 2 Beginning Balance 2,880,313$ 2,938,192$ 661,527 $ 901,139 $ 1,220,911$ 3 Over/(Under) at Proposed Rates (122,450) (63,888) 45,766 118,792 27,820 4 Reserve Contributions 5 Collection Replacement 180,329 186,965 193,846 200,979 208,375 6 Landfill Equipment Replacement - - - - - 7 Annualized Landfill Development - - - - - 8 Closure/Post-Closure Contribution - - - - - 9 Cash Capital Outlays - - - - (850,000) 10 Transfer to Restricted Cash (2,399,742) $ Transfer from Restricted Cash - $ 11 Ending Balance 2,938,192 $ 661,527 $ 901,139 $ 1,220,911 $ 607,106 $ 12 Restricted Cash Reserve 13 Beginning Balance 10,546,723 $ 9,601,468 $ 5,001,210 $ 5,026,422 $ 5,047,810 $ 14 Funding Additions 173,462 174,085 174,589 15 Transfers from Unrestricted Cash - 2,399,742 - - - Transfers to Unrestricted Cash - 16 Uses (Capping and Long-Term Care) (945,255) (7,000,000) (148,250) (152,698) (157,278) 17 Ending Balance 9,601,468 $ 5,001,210 $ 5,026,422 $ 5,047,810 $ 5,065,120 $ Prepared by NewGen Strategies and Solutions, LLC 1/12/2026 Page 1 of 1 DRAFT Schedule 7 City of Superior, Wisconsin Solid Waste Cost of Service and Rate Design Study Over/(Under) at Proposed Rates - Reduced Tonnage Scenario 1 Line Year 1 Year 2 Year 3 Year 4 Year 5 No. FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 1 Garbage Collection 2 1,430,301$ 1,946,435 $ 2,001,400 $ 2,058,007 $ 2,230,365 $ 3 4 758,118$ 1,490,094$ 1,594,662 $ 1,699,230 $ 1,803,798 $ 5 112,839 221,787 237,351 252,915 268,479 6 50,652 99,616 106,369 113,123 119,876 7 69,876 137,423 146,740 156,056 165,373 8 991,485$ 1,948,919$ 2,085,122 $ 2,221,324 $ 2,357,527 $ 9 (438,816)$ 2,484$ 83,722 $ 163,317$ 127,162$ 10 Garbage Revenue Requirement Garbage Revenue Residential Cart Customers Residential Extra Carts Commercial Cart Customers Commercial Extra Carts Total Garbage Collection Revenue Over/(Under) at Proposed Rates Cumulative Over/(Under) at Proposed Rates (724,614)$ (722,130)$ (638,408)$ (475,091)$ (347,929)$ 11 Residential Recycling Collection 12 Residential Recycling Revenue Requirement 570,789 $ 584,151 $ 605,423 $ 627,334 $ 707,470$ 13 Residential Recycling Revenue 414,330$ 591,900 $ 651,090 $ 710,280 $ 710,280$ 14 Over/(Under) at Proposed Rates (156,459)$ 7,749$ 45,667 $ 82,946 $ 2,810 $ 15 Cumulative Over/(Under) at Proposed Rates (279,244)$ (271,495)$ (225,828)$ (142,882)$ (140,072)$ 16 Landfill 17 Landfill Revenue Requirement 2,877,683 $ 1,503,001 $ 1,539,591 $ 1,577,199 $ -$ 18 Landfill Revenue Requirement LESS Allocated Disposal Cost 2,489,749$ 618,350$ 633,404 $ 648,876$ -$ 19 Landfill Revenue 20 Wisconsin Gate Tonnage 412,753$ 440,205 $ 453,544 $ 466,884$ -$ 21 MN Tonnage 1,681,085$ -$ - $ - $ - $ 22 $13 Recycling Fee 796,141$ 86,707$ 86,707 $ 86,707 $ - $ 23 Total Landfill Revenue 2,889,979$ 526,912$ 540,251 $ 553,591$ -$ 24 Over/(Under) at Proposed Rates 400,229$ (91,439)$ (93,153)$ (95,285)$ -$ 25 Cumulative Over/(Under) at Proposed Rates 400,229$ 308,791 $ 215,638 $ 120,353 $ 120,353$ 26 Total Revenue Requirement 4,490,839$ 3,148,936 $ 3,240,227 $ 3,334,218 $ 2,937,835 $ 27 Total Revenues 4,295,794$ 3,067,731 $ 3,276,463 $ 3,485,195 $ 3,067,807 $ 28 Total Over/(Under) at Proposed Rates (195,045)$ (81,205)$ 36,236$ 150,977$ 129,972$ 29 Total Cumulative Over/(Under) at Proposed Rates (195,045)$ (276,250)$ (240,013)$ (89,036)$ 40,936$ Prepared by NewGen Strategies and Solutions, LLC 1/15/2026 Page 1 of 1 DRAFT Schedule 8 City of Superior, Wisconsin Solid Waste Cost of Service and Rate Design Study Reserves under Proposed Rates - Reduced Tonnage Scenario 1 Line Year 1 Year 2 Year 3 Year 4 Year 5 No FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 1 Unrestricted Cash Reserve 2 Beginning Balance 2,880,313$ 2,865,597$ 571,616 $ 801,698 $ 1,153,654$ 3 Over/(Under) at Proposed Rates (195,045) (81,205) 36,236 150,977 129,972 4 Reserve Contributions 5 Collection Replacement 180,329 186,965 193,846 200,979 208,375 6 Landfill Equipment Replacement - - - - - 7 Annualized Landfill Development - - - - - 8 Closure/Post-Closure Contribution - - - - - 9 Cash Capital Outlays - - - - (850,000) 10 Transfer to Restricted Cash (2,399,742) $ Transfer from Restricted Cash - $ 11 Ending Balance 2,865,597 $ 571,616 $ 801,698 $ 1,153,654 $ 642,001 $ 12 Restricted Cash Reserve 13 Beginning Balance 10,546,723 $ 9,601,468 $ 5,001,210 $ 5,026,422 $ 5,047,810 $ 14 Funding Additions 173,462 174,085 174,589 15 Transfers from Unrestricted Cash - 2,399,742 - - - Transfers to Unrestricted Cash - 16 Uses (Capping and Long-Term Care) (945,255) (7,000,000) (148,250) (152,698) (157,278) 17 Ending Balance 9,601,468 $ 5,001,210 $ 5,026,422 $ 5,047,810 $ 5,065,120 $ Prepared by NewGen Strategies and Solutions, LLC 1/12/2026 Page 1 of 1 DRAFT Schedule 9 City of Superior, Wisconsin Solid Waste Cost of Service and Rate Design Study Over/(Under) at Proposed Rates - Reduced Tonnage Scenario 2 Line Year 1 Year 2 Year 3 Year 4 Year 5 No. FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 1 Garbage Collection 2 1,430,301$ 2,143,124 $ 2,203,659 $ 2,265,992 $ 2,230,365 $ 3 4 758,118$ 1,594,662$ 1,725,372 $ 1,829,940 $ 1,934,508 $ 5 112,839 237,351 256,806 272,370 287,934 6 50,652 106,369 114,811 121,565 128,318 7 69,876 146,740 158,386 167,702 177,019 8 991,485$ 2,085,122$ 2,255,375 $ 2,391,577 $ 2,527,780 $ 9 (438,816)$ (58,003)$ 51,715$ 125,586$ 297,415$ 10 Garbage Revenue Requirement Garbage Revenue Residential Cart Customers Residential Extra Carts Commercial Cart Customers Commercial Extra Carts Total Garbage Collection Revenue Over/(Under) at Proposed Rates Cumulative Over/(Under) at Proposed Rates (724,614)$ (782,617)$ (730,901)$ (605,316)$ (307,901)$ 11 Residential Recycling Collection 12 Residential Recycling Revenue Requirement 570,789 $ 585,182 $ 606,473 $ 628,403 $ 707,470$ 13 Residential Recycling Revenue 414,330$ 591,900 $ 651,090 $ 710,280 $ 710,280$ 14 Over/(Under) at Proposed Rates (156,459)$ 6,718$ 44,617 $ 81,877 $ 2,810 $ 15 Cumulative Over/(Under) at Proposed Rates (279,244)$ (272,526)$ (227,909)$ (146,032)$ (143,222)$ 16 Landfill 17 Landfill Revenue Requirement 2,877,683 $ 1,456,786 $ 1,493,333 $ 1,530,898 $ -$ 18 Landfill Revenue Requirement LESS Allocated Disposal Cost 2,489,749$ 377,276$ 386,741 $ 396,470$ -$ 19 Landfill Revenue 20 Wisconsin Gate Tonnage 412,753$ 220,102 $ 226,772 $ 233,442$ -$ 21 MN Tonnage 1,681,085$ -$ - $ - $ - $ 22 $13 Recycling Fee 796,141$ 43,354$ 43,354 $ 43,354 $ - $ 23 Total Landfill Revenue 2,889,979$ 263,456$ 270,126 $ 276,795$ -$ 24 Over/(Under) at Proposed Rates 400,229$ (113,820)$ (116,615)$ (119,674)$ -$ 25 Cumulative Over/(Under) at Proposed Rates 400,229$ 286,409 $ 169,794 $ 50,120$ 50,120 $ 26 Total Revenue Requirement 4,490,839$ 3,105,583 $ 3,196,873 $ 3,290,864 $ 2,937,835 $ 27 Total Revenues 4,295,794$ 2,940,478 $ 3,176,590 $ 3,378,653 $ 3,238,060 $ 28 Total Over/(Under) at Proposed Rates (195,045)$ (165,105)$ (20,283)$ 87,788$ 300,225$ 29 Total Cumulative Over/(Under) at Proposed Rates (195,045)$ (360,150)$ (380,433)$ (292,644)$ 7,581$ Prepared by NewGen Strategies and Solutions, LLC 1/15/2026 Page 1 of 1 DRAFT Schedule 10 City of Superior, Wisconsin Solid Waste Cost of Service and Rate Design Study Reserves under Proposed Rates - Reduced Tonnage Scenario 2 Line Year 1 Year 2 Year 3 Year 4 Year 5 No FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 1 Unrestricted Cash Reserve 2 Beginning Balance 2,880,313$ 2,865,597$ 487,716 $ 661,278 $ 950,046 $ 3 Over/(Under) at Proposed Rates (195,045) (165,105) (20,283) 87,788 300,225 4 Reserve Contributions 5 Collection Replacement 180,329 186,965 193,846 200,979 208,375 6 Landfill Equipment Replacement - - - - - 7 Annualized Landfill Development - - - - - 8 Closure/Post-Closure Contribution - - - - - 9 Cash Capital Outlays - - - - (850,000) 10 Transfer to Restricted Cash (2,399,742) $ Transfer from Restricted Cash - $ 11 Ending Balance 2,865,597 $ 487,716 $ 661,278 $ 950,046 $ 608,646 $ 12 Restricted Cash Reserve 13 Beginning Balance 10,546,723 $ 9,601,468 $ 5,001,210 $ 5,026,422 $ 5,047,810 $ 14 Funding Additions 173,462 174,085 174,589 15 Transfers from Unrestricted Cash - 2,399,742 - - - Transfers to Unrestricted Cash - 16 Uses (Capping and Long-Term Care) (945,255) (7,000,000) (148,250) (152,698) (157,278) 17 Ending Balance 9,601,468 $ 5,001,210 $ 5,026,422 $ 5,047,810 $ 5,065,120 $ Prepared by NewGen Strategies and Solutions, LLC 1/12/2026 Page 1 of 1 DRAFT Schedule 11 City of Superior, Wisconsin Solid Waste Cost of Service and Rate Design Study Over/(Under) at Proposed Rates - Reduced Tonnage Scenario 3 Line Year 1 Year 2 Year 3 Year 4 Year 5 No. FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 1 Garbage Collection 2 1,430,301$ 2,475,982 $ 2,545,964 $ 2,618,007$ 2,230,365$ 3 4 758,118 $ 1,803,798$ 1,856,082 $ 1,960,650$ 1,960,650$ 5 112,839 268,479 276,261 291,825 291,825 6 50,652 120,439 123,816 130,570 130,570 7 69,876 166,150 170,808 180,125 180,125 8 991,485 $ 2,358,866$ 2,426,967 $ 2,563,169$ 2,563,169$ 9 (438,816)$ (117,116)$ (118,997)$ (54,837)$ 332,805 $ 10 Garbage Revenue Requirement Garbage Revenue Residential Cart Customers Residential Extra Carts Commercial Cart Customers Commercial Extra Carts Total Garbage Collection Revenue Over/(Under) at Proposed Rates Cumulative Over/(Under) at Proposed Rates (724,614)$ (841,731)$ (960,728)$ (1,015,565)$ (682,761)$ 11 Residential Recycling Collection 12 Residential Recycling Revenue Requirement 570,789 $ 586,247 $ 607,556 $ 629,504$ 707,470 $ 13 Residential Recycling Revenue 414,330 $ 591,900 $ 651,090 $ 710,280$ 710,280 $ 14 Over/(Under) at Proposed Rates (156,459)$ 5,653 $ 43,534 $ 80,776$ 2,810 $ 15 Cumulative Over/(Under) at Proposed Rates (279,244)$ (273,591)$ (230,057)$ (149,281)$ (146,471)$ 16 Landfill 17 Landfill Revenue Requirement 2,877,683 $ 1,410,478 $ 1,446,983 $ 1,484,508$ - $ 18 Landfill Revenue Requirement LESS Allocated Disposal Cost 2,489,749$ -$ - $ - $ - $ 19 Landfill Revenue 20 Wisconsin Gate Tonnage 412,753 $ - $ -$ -$ - $ 21 MN Tonnage 1,681,085$ -$ -$ -$ - $ 22 $13 Recycling Fee 796,141 $ - $ -$ -$ - $ 23 Total Landfill Revenue 2,889,979$ -$ -$ -$ - $ 24 Over/(Under) at Proposed Rates 400,229 $ - $ -$ -$ - $ 25 Cumulative Over/(Under) at Proposed Rates 400,229 $ 400,229 $ 400,229 $ 400,229$ 400,229 $ 26 Total Revenue Requirement 4,490,839$ 3,062,229 $ 3,153,520 $ 3,247,511$ 2,937,835$ 27 Total Revenues 4,295,794$ 2,950,766 $ 3,078,057 $ 3,273,449$ 3,273,449$ 28 Total Over/(Under) at Proposed Rates (195,045)$ (111,463)$ (75,463)$ 25,939$ 335,615 $ 29 Total Cumulative Over/(Under) at Proposed Rates (195,045)$ (306,508)$ (381,971)$ (356,032)$ (20,418)$ Prepared by NewGen Strategies and Solutions, LLC 1/15/2026 Page 1 of 1 DRAFT Schedule 12 City of Superior, Wisconsin Solid Waste Cost of Service and Rate Design Study Reserves Under Proposed Rates - Reduced Tonnage Scenario 3 Line Year 1 Year 2 Year 3 Year 4 Year 5 No FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 1 Unrestricted Cash Reserve 2 Beginning Balance 2,880,313$ 2,865,597$ 541,357 $ 659,740 $ 886,658 $ 3 Over/(Under) at Proposed Rates (195,045) (111,463) (75,463) 25,939 335,615 4 Reserve Contributions 5 Collection Replacement 180,329 186,965 193,846 200,979 208,375 6 Landfill Equipment Replacement - - - - - 7 Annualized Landfill Development - - - - - 8 Closure/Post-Closure Contribution - - - - - 9 Cash Capital Outlays - - - - (850,000) 10 Transfer to Restricted Cash (2,399,742) $ Transfer from Restricted Cash - $ 11 Ending Balance 2,865,597 $ 541,357 $ 659,740 $ 886,658 $ 580,648 $ 12 Restricted Cash Reserve 13 Beginning Balance 10,546,723 $ 9,601,468 $ 5,001,210 $ 5,026,422 $ 5,047,810 $ 14 Funding Additions 173,462 174,085 174,589 15 Transfers from Unrestricted Cash - 2,399,742 - - - Transfers to Unrestricted Cash - 16 Uses (Capping and Long-Term Care) (945,255) (7,000,000) (148,250) (152,698) (157,278) 17 Ending Balance 9,601,468 $ 5,001,210 $ 5,026,422 $ 5,047,810 $ 5,065,120 $ Prepared by NewGen Strategies and Solutions, LLC 1/12/2026 Page 1 of 1 Seth Cunningham ,Principal 190 US Route 1, #347 | Falmouth, ME 04105 Email: scunningham@newgenstrategies.net Phone: (512) 994-2165 www.newgenstrategies.net Date: January 15, 2025 To: Bridgit Maruska, City of Su perior – Public Works Director From: Joe Titus, Regional Manager, KemperSpor ts, and Dan Walker, Head Golf Professional/GM CC: Mary Kate Walsh, Regional Sales & Marketing Director, KemperSports Re: December 2025 Client Report Overview: December was a soft month for both SIM and F&B revenue. Total MTD Revenue was under budget but up 5.1% over last December. We were unable to open our snowmobile trail due to the lack of snow. Our SIM leagues started the first week of the month to help drive some traffic. Merchandise sales were strong for the month with our Holiday promotions. Total Revenues YTD came in slightly under budget by 3% and were down .8% over last year. YTD Merchandise COGS and F&B COGS came in slightly higher than budget but only by 1% and 2% respectively. Managing expenses allowed us to come in 4.3% under budget for YTD Payroll and 13.9% under budget for YTD OPEX. This allowed EBITDA growth over last year of $102,282 and NOI growth of $63,726 over last year. Key Performance Highlights: • Course and Grounds o Greens fee revenue came in at 2% over budget YTD but are down 2% over prior year. o Annual Pass revenue came in at 1% over budget YTD and is up 6% over prior year. December 2025 Actual Budget Variance % Change 2024 Actual % Change Nemadji Golf Course Total Revenue 21,214$ 33,764 $ (12,550) $ -37% 20,188 $ 5.1% Merchandise COG's % 96% 65% 31% 48% 99% -2.4% F&B COG's % 49% 39% 10% 25% 37% 31.6% Payroll Expense 81,946 $ 76,603 $ 5,343 $ 7% 64,295 $ 27.5% Other Expense 55,481 $ 40,436 $ 15,045 $ 37% 34,643 $ 60.2% EBITDA (127,102) $ (89,952) $ (37,150) $ 41% (86,631) $ 46.7% Management Fees 8,358 $ 8,115 $ 243 $ 3% 8,115 $ 3.0% Net Income (135,460)$ (98,068) $ (37,392) $ 38% (94,746)$ 43.0% Rounds 376 420 (44) -10% 350 7.4% Average GF/CF 20 $ 47 $ (27)$ -57.4% 21 $ -4.8% FY 2025 TYD Actual Budget Variance % Change PY Actual % Change Nemadji Golf Course Total Revenue 2,733,700$ 2,816,839 $ (83,139) $ -3.0% 2,757,135 $ -0.8% Merchandise COG's % 70% 69% 1% 1.8% 78% -10.4% F&B COG's % 40% 38% 2% 4.5% 38% 4.7% Payroll Expense 1,214,077 $ 1,269,134 $ (55,057) $ -4.3% 1,209,663 $ 0.4% Other Expense 774,111 $ 899,419 $ (125,308) $ -13.9% 869,570 $ -11.0% EBITDA 364,416 $ 262,134 $ 102,282 $ 39.0% 265,008 $ 37.5% Management Fees 97,833 $ 97,384 $ 449 $ 0.5% 94,984 $ 3.0% Net Income 228,476$ 164,750 $ 63,726 $ 38.7% 170,024$ 34.4% Rounds 58,790 56,578 2,212 3.9% 58,416 0.6% Average GF/CF 31 $ 34 $ (3) -8.8% 32 $ -3.1% o Golf Simulator revenue was very soft for the month 63% under budget but was up 2% from prior year. o Golf leagues started the first week of the month. Our two person league on the TrackMan and our four person league on the E-6. o Payroll was over budget for the month due to some year end bonuses and and increase in benefits but finished the year 4% under budget. o OPEX for C&G was 160% over budget for the month due to increases in utility bills and we also paid for some Chemicals early that we will use in 2026. OPEX YTD finished 21% under budget. • Carts o No activity for the month. o Cart fee revenue YTD came in at 3% under budget for the season and was down 4% from prior year. • Range o No activity for the month. o Driving Range revenue came in at 18% over budget for the year and 15% over prior year. • F&B o F&B revenue was soft for the month coming in 31% under budget and was down 24% from last December. o YTD F&B revenue finished 3% under budget and up 2% over last year. o MTD COG’s were slightly higher due to less sales volume for the month but finished the year well at only 1% over budget. o OPEX for the month was over budget as we purchased a new freezer for the kitchen but finished the year 10% under budget. o Payroll was 17% over budget for the month due to increased benefits but finished the year flat to budget. o We introduced our new winter menu with soup and chili options. o Friday Fish Fry’s were slow along with the Senior Breakfast Special we run on Fri, Sat & Sun mornings. • Golf Shop o Merchandise sales were strong for the month, coming in at 66% over budget and up 65% over last December. o COGS were slightly higher than budget for the month due to holiday sales but are in line with budget (2% over budget) for the year. o Payroll was under budget by 31% for the month and finished the year 15% under budget. o OPEX finished the year 34% under budget. o Travis Miller has been attending the Lake Superior Ice Festival meetings with the City of Superior planning for this upcoming event in January of 2026. o We also worked on setting up Indoor Winter Fitting Dates with TaylorMade, Cleveland/Srixon, Callaway and Titleist. • G&A o Payroll is in line to budget both MTD & YTD. o OPEX was slightly under budget for the month and finished the year 7% under budget. • Marketing o Payroll remains in line to budget both MTD & YTD. o The management team had weekly meetings and was in conversation with Kemper Markeing support to revise the Golf Course Marketing Action plan for 2026. o We rolled out our new Social Media Lesson Series with Grady Hauswirth. o The F&B page on the website was updated with current photos and the new menu. o We participated in the 21 days of Christmas promotion on Fox. o Planning for the Lake Superior Ice Festival and Duluth ColdFront at Bayfront festival park. o Numerous posts on Holiday sales for merchandise, Friday Fish Fry’s, Senior Breakfast Specail and Winter SIM specials. o Work began to bring back our monthly newsletter in a new professional format. TrueReview No monthly results to report as no surveys are sent out during the SIM season 2024 YTD 2025 YTD KemperSports Upcoming Key Initiatives • Green to a tee o Level 2 certified and will work to level 3 but the program requires some significant financial commitment to achieve. • Safety National o All games for 2025 are complete. • True Service o Staff are up to date with training. • Player Development o Offseason fitting days scheduled for the simulator. o Assistant Professional, Grady Hauswirth started his Social Media Lesson Series. Weather 2025 Historic Ave December Rain Totals .9” 1.3” December Snow Totals 9” 12.3” Low Temperature -14 (13 th) 13 High Temperature 46 (16 th) 27 Golf Course Maintenance Highlights: • Obtained a burn permit and began burning the brush pile from this season. • Snow clean up around shop area and by dumpsters • Cleaned and organized out buildings. • Began taking inventory of cups and flagsticks and prepping them for next season. • Worked on the proof of our new golf flag that we will be introducing in 2026. We will have the East/West course with the UWS Yellowjacket logo and the North/South course with the SHS Spartan logo along with the “N” logo in the middle. • The new golf lift was delivered to the maintenance shop and is awaiting installation. • Brad Little, our mechanic continued servicing golf carts, beverage carts, and light utilities. • We started sharpening reels for the greens mowers. • We ordered chemicals for 2026 and purchased them with 2025 dollars as we were light in spending OPEX dollars for the 2025 season. • George Bibeau (Assistant Super) began working on his ASCS certification through GCSAA. • Transferred one of our seasonal employees to a Kemper property in Florida (Streamsong) to work for the winter. Great opportunity. Client and Team Member Relations Update: • Began work on revising the Golf Course Marketing Action plan for 2026 with recommendations from the Client and Golf Committee members. • All managers (GM, Sales & Marketing, Golf Shop, Superintendent & F&B) were involved with adding input to the Action Plan during two staff meetings designated for the revisions. • Weekly GM conference call with Vince Juarez, ROE and the KemperSports Midwest GM Team where we discuss current operational updates within KemperSports. • Monthly revenues call with Regional Director of Sales and Marketing Mary Kate Walsh, Joe Titus RM, Dan Walker GM and Christian Houle Sales & Marketing. In these calls we review outing booking pace reporting, current and future sales promotions, all marketing strategies, upcoming KemperSports marketing and player development initiatives and various other topics as needed. Capital Plan Update: • All capital items have been received for 2025. Monthly Financial Income Statement • Attached are December’s summary income statement which breaks down the categories including revenues, payroll, and operating expenses. Please let us know if you have any questions. 12/31/2025 12/31/2024 12/31/2024 ASSETS CURRENT ASSETS: Cash Cash - Operating 1,210,122 909,767 909,767 Cash - Payroll 76,439 59,629 59,629 Cash - Housebank & Other 2,900 2,900 2,900 Total Cash 1,289,461 972,297 972,297 Accounts Receivable A/R Trade (1,468) 9,959 9,959 Total Accounts Receivable (1,468) 9,959 9,959 Other Current Assets Inventory - Merchandise 95,035 84,843 84,843 Inventory - Food & Beverage 21,143 18,212 18,212 Prepaid Insurance 23,869 24,429 24,429 Total Other Current Assets 140,047 127,484 127,484 TOTAL CURRENT ASSETS 1,428,040 1,109,740 1,109,740 TOTAL ASSETS 1,428,040 1,109,740 1,109,740 Nemadji Balance Sheet For the Twelve Months Ending Wednesday, December 31, 2025 12/31/2025 12/31/2024 12/31/2024 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accts Pay - Trade (7,320) 4,534 4,534 Accts Pay - Other 3,651 0 0 Accrued Expenses 3,547 16,725 16,725 Accrued Payroll 7,226 30,840 30,840 Accrued Taxes 1,192 1,130 1,130 Deferred Revenue 81,723 75,830 75,830 TOTAL CURRENT LIBILITIES 90,019 129,059 129,059 LONG-TERM LIABILITIES: Long-term debt 410,827 281,962 281,962 TOTAL LONG-TERM LIABILITIES 410,827 281,962 281,962 TOTAL LIABILITIES 500,846 411,021 411,021 STOCKHOLDER'S EQUITY Retained Earnings 927,194 698,719 698,719 Net Retained Earnings 927,194 698,719 698,719 Stockholders Equity 927,194 698,719 698,719 TOTAL STOCKHOLDER'S EQUITY 927,194 698,719 698,719 TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 1,428,040 1,109,740 1,109,740 Nemadji Balance Sheet For the Twelve Months Ending Wednesday, December 31, 2025 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $7,485 $19,904 37.6% $7,281 102.8% Green Fees & Cart Fees $1,845,945 $1,906,299 96.8% $1,862,515 99.1% $1,906,299 $1,845,945 8,278 4,975 166.4% 5,013 165.1% Merchandise 269,775 286,035 94.3% 297,568 90.7% 286,035 269,775 (535) 150 (356.7%) 0 0.0% Other Pro Shop 20,747 29,390 70.6% 22,654 91.6% 29,390 20,747 10 0.0% 0 0.0% Range 110,786 93,575 118.4% 96,656 114.6% 93,575 110,786 5,985 8,735 68.5% 7,894 75.8% Food and Beverage 486,448 501,540 97.0% 477,742 101.8% 501,540 486,448 21,214 33,764 62.8% 20,188 105.1% TOTAL REVENUE 2,733 ,700 2,816,839 97.0% 2,757, 135 99.2% 2,816,839 2,733,700 COST OF SALES 7,951 3,240 245.4% 4,940 161.0% Merchandise 188,070 195,811 96.0% 231,635 81.2% 195,811 188,070 2,938 3,437 85.5% 2,941 99.9% Food & Beverage 193,026 190,342 101.4% 181,259 106.5% 190,342 193,026 10,889 6,677 163.1% 7,881 138.2% TOTAL CO GS 381,096 386,153 98.7% 412, 893 92.3% 386,153 381,096 96.1% 65.1% 147.6% 98.5% 97.6% COGS - Merchandi se % 69.7% 68.5% 101.8% 77.8% 89.6% 68.5% 901.4% 49.1% 39.3% 124.9% 37.3% 131.6% COGS - Food & Beverage % 39.7% 38.0% 104.5% 37.9% 104.7% 38.0% 559.0% PAYROLL 25,918 19,180 135.1% 25,312 102.4% Course and Grounds 418,522 437,303 95.7% 437,968 95.6% 437,303 418,522 00 0.0% 0 0.0% Carts, Range, Starters, Etc. 89,367 93,146 95.9% 93,148 95.9% 93,146 89,367 12,914 18,790 68.7% 8,318 155.3% Pro Shop 175,350 207,472 84.5% 177,724 98.7% 207,472 175,350 22,079 18,945 116.5% 17,698 124.7% Food and Beverage 316,423 315,078 100.4% 296,169 106.8% 315,078 316,423 11,853 10,954 108.2% 7,721 153.5% General and Administrative 140,064 142,493 98.3% 142,743 98.1% 142,493 140,064 9,183 8,734 105.1% 5,246 175.1% Marketing 74,352 73,642 101.0% 61,912 120.1% 73,642 74,352 81,946 76,603 107.0% 64,295 127.5% TOTAL PAYROLL 1 ,214,077 1,269,134 95.7% 1,209, 663 100.4% 1,269,134 1,214,077 OPERATING EXPENSES 23,939 9,200 260.2% 4,605 519.9% Course and Grounds 276,699 351,770 78.7% 324,393 85.3% 351,770 276,699 5,244 6,444 81.4% 6,029 87.0% Carts, Range, Starters, Etc. 92,195 94,228 97.8% 153,704 60.0% 94,228 92,195 5 150 3.3% 0 0.0% Pro Shop 21,879 33,300 65.7% 22,912 95.5% 33,300 21,879 4,788 2,050 233.5% 1,665 287.5% Food and Beverage 36,128 40,250 89.8% 31,615 114.3% 40,250 36,128 19,034 20,392 93.3% 20,778 91.6% General and Administrative 322,576 352,421 91.5% 318,842 101.2% 352,421 322,576 2,472 2,200 112.4% 1,566 157.9% Marketing 24,632 27,450 89.7% 18,105 136.1% 27,450 24,632 55,481 40,436 137.2% 34,643 160.2% TOTAL OPERATING EXPENSES 774,111 899,419 86.1% 869,570 89.0% 899,419 774,111 148,316 123,716 119.9% 106,819 138.8% TOTAL EXPENSES 2, 369,284 2,554,705 92.7% 2,492,126 95.1% 2,554,705 2,369,284 (127,102) (89,952) 141.3% (86,631) 146.7% EBITDA 364,416 262,134 139.0% 265,008 137.5% 262,134 364,416 (8,358) (8,115) 103.0% (8,115) 103.0% MANAGEMENT FEES (97,833) (97,384) 100.5% (94,984) 103.0% (97,384) (97,833) OTHER INCOME (EXPENSE) 00 0.0% 0 0.0% Other Expenses / Capital Reserve / Impairment (38,107) 0 0.0% 0 0.0% 0 (38,107) 0 0 0.0% 0 0.0% TOTAL OTHER INCOME (EXPENSE) (38,107) 0 0.0% 0 0.0% 0 (38,107) (135,460) (98,068) 138.1% (94,746) 143.0% NET INCOME 228,476 164,750 138.7% 170,024 134.4% 164,750 228,476 Nemadji Standard Summary Income Statement For the Twelve Months Ending Wednesday, December 31, 2025 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months 00 0.0% 0 0.0% Paid Rounds 33,598 33,835 99.3% 35,515 94.6% 33,835 33,598 376 420 89.5% 350 107.4% Member Rounds 23,595 21,648 109.0% 21,643 109.0% 21,648 23,595 00 0.0% 0 0.0% Other Rounds 1,597 1,095 145.8% 1,258 126.9% 1,095 1,597 376 420 89.5% 350 107.4% Total Rounds 58,790 56,578 103.9% 58,416 100.6% 56,578 58,790 00 0.0% 0 0.0% Revenue/Paid Rounds 81 83 97.7% 78 104.8% 83 631 56 80 70.2% 58 97.8% Revenue/Total Rounds 46 50 93.4% 47 98.5% 50 603 00 0.0% 0 0.0% Green Fees / Cart Fees per Paid Rounds 55 56 97.5% 52 104.8% 56 415 20 47 42.0% 21 95.7% Green Fees / Cart Fees per Total Rounds 31 34 93.2% 32 98.5% 34 328 16 21 76.5% 23 70.6% F&B Revenue/Total Rounds 8 9 93.3% 8 101.2% 91 4 4 22 12 185.9% 14 153.7% Merchandise Revenue/Total Rounds 5 5 90.8% 5 90.1% 51 0 6 Nemadji Standard Summary Income Statement For the Twelve Months Ending Wednesday, December 31, 2025 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $0 $0 0% $0 0% Green Fees $858,377 $845,092 102% $879,932 98% $845,092 $858,377 7,414 19,904 37% 7,281 102% Golf Simulator Revenue 48,999 110,656 44% 52,419 93% 110,656 48,999 71 0 0% 0 0% Annual Pass Revenue 458,338 454,400 101% 431,855 106% 454,400 458,338 00 0% 0 0% Cart Fee 480,231 496,152 97% 498,308 96% 496,152 480,231 8,278 4,975 166% 5,013 165% Merchandise 269,775 286,035 94% 297,568 91% 286,035 269,775 (600) 0 0% 0 0% Handicap Fee 8,658 11,500 75% 9,818 88% 11,500 8,658 01 0 0 0% 0 0% Lessons 4,220 8,500 50% 5,990 70% 8,500 4,220 00 0% 0 0% Other Pro Shop Revenue 205 1,865 11% 123 166% 1,865 205 00 0% 0 0% Pull Cart Rental 2,705 2,130 127% 1,821 149% 2,130 2,705 00 0% 0 0% Rental Clubs 2,904 3,700 78% 3,522 82% 3,700 2,904 65 50 130% 0 0% Club Repair 2,056 1,695 121% 1,380 149% 1,695 2,056 10 0% 0 0% Range 110,786 93,575 118% 96,656 115% 93,575 110,786 3,198 4,500 71% 4,278 75% Food 179,449 165,000 109% 156,133 115% 165,000 179,449 325 500 65% 371 88% Beverage 42,317 50,950 83% 49,372 86% 50,950 42,317 1,827 2,900 63% 2,227 82% Beer 166,806 175,850 95% 172,771 97% 175,850 166,806 635 800 79% 939 68% Liquor 94,769 105,750 90% 96,116 99% 105,750 94,769 03 5 0% 80 0% Wine 2,000 2,215 90% 2,045 98% 2,215 2,000 00 0% 0 0% Tobacco 1,106 1,775 62% 1,305 85% 1,775 1,106 21,214 33,764 63% 20,188 105% Total Revenues 2,733,700 2,816,839 97% 2,757,135 99% 2,816,839 2,733,700 COST OF GOODS SOLD 7,951 3,240 245% 4,940 161% COGS - Merchandise 188,070 195,811 96% 231,635 81% 195,811 188,070 1,810 1,935 94% 1,431 126% COGS - Food 69,891 70,950 99% 58,409 120% 70,950 69,891 320 240 133% 598 53% COGS - Beverage 35,537 24,456 145% 35,352 101% 24,456 35,537 390 1,015 38% 769 51% COGS - Beer 56,676 61,548 92% 58,957 96% 61,548 56,676 290 240 121% (21) -1406% COGS - Liquor 27,353 31,725 86% 25,303 108% 31,725 27,353 (9) 7 -131% 15 -56% COGS - Wine 422 421 100% 520 81% 421 422 (15) 0 0% 9 -168% COGS - Tobacco 933 1,243 75% 1,116 84% 1,243 933 152 0 0% 139 109% COGS - Waste 2,213 0 0% 1,602 138% 02 , 2 1 3 10,889 6,677 163% 7,881 138% Total COGS 381,096 386,153 99% 412,893 92% 386,153 381,096 10,326 27,087 38% 12,307 84% GROSS MARGIN 2,352,604 2,430,686 97% 2,344,241 100% 2,430,686 2,352,604 96.05% 65.13% 147.00% 98.54% 97.00% COGS - Merchandise % 69.71% 68.46% 102.00% 77.84% 90.00% 68.46% 901.50% 56.60% 43.00% 132.00% 33.46% 169.00% COGS - Food % 38.95% 43.00% 91.00% 37.41% 104.00% 43.00% 523.30% 98.31% 48.00% 205.00% 161.24% 61.00% COGS - Beverage % 83.98% 48.00% 175.00% 71.60% 117.00% 48.00% 1652.25% 21.37% 35.00% 61.00% 34.53% 62.00% COGS - Beer % 33.98% 35.00% 97.00% 34.12% 100.00% 35.00% 410.46% 45.62% 30.00% 152.00% -2.19% -2083.00% COGS - Liquor % 28.86% 30.00% 96.00% 26.33% 110.00% 30.00% 332.17% 0.00% 19.00% 0.00% 19.31% 0.00% COGS - Wine % 21.10% 19.00% 111.00% 25.43% 83.00% 19.00% 262.38% 0.00% 0.00% 0.00% 0.00% 0.00% COGS - Tobacco % 84.35% 70.00% 121.00% 85.48% 99.00% 70.00% 752.52% 49.08% 39.34% 125.00% 37.26% 132.00% COGS - All Food & Bev 39.68% 37.95% 105.00% 37.94% 105.00% 37.95% 558.99% PAYROLL 30,647 29,772 103% 31,367 98% Gross Payroll - Salaried 373,585 363,070 103% 376,397 99% 363,070 373,585 24,273 27,252 89% 23,512 103% Gross Payroll - Hourly 605,188 685,316 88% 596,920 101% 685,316 605,188 16 0 0% 0 0% Gross Payroll - Overtime 4,361 0 0% 6,871 63% 04 , 3 6 1 7,750 4,667 166% (3,750) -207% Gross Payroll - Bonus 21,500 16,504 130% 15,500 139% 16,504 21,500 02 , 5 0 0 0% 0 0% Gross Payroll - Commissions 0 2,500 0% 0 0% 2,500 0 00 0% 0 0% Lessons 3,400 0 0% 5,990 57% 03 , 4 0 0 62,686 64,191 98% 51,129 123% S/T Wages 1,008,034 1,067,390 94% 1,001,677 101% 1,067,390 1,008,034 4,697 4,911 96% 3,571 132% Payroll Tax - FICA 76,770 81,655 94% 75,718 101% 81,655 76,770 1,047 835 125% 1,228 85% Payroll Tax - UC 21,963 28,590 77% 24,295 90% 28,590 21,963 4,903 1,287 381% 1,669 294% Payroll Tax - WC 24,495 21,070 116% 20,963 117% 21,070 24,495 8,614 5,379 160% 6,698 129% Benefits 82,817 70,428 118% 87,010 95% 70,428 82,817 19,261 12,413 155% 13,167 146% S/T Adders 206,044 201,744 102% 207,986 99% 201,744 206,044 81,946 76,603 107% 64,295 127% TOTAL PAYROLL 1,214,077 1,269,134 96% 1,209,663 100% 1,269,134 1,214,077 OPERATING EXPENSES 8,234 0 0% 0 0% Chemicals 58,165 68,800 85% 75,205 77% 68,800 58,165 00 0% 632 0% Course Accessories 8,353 11,000 76% 14,622 57% 11,000 8,353 00 0% 0 0% Displays/Fixtures 1,098 1,000 110% 1,163 94% 1,000 1,098 00 0% 0 0% Fungicides 121 0 0% 0 0% 01 2 1 00 0% 145 0% Furniture & Fixtures 0 0 0% 145 0% 00 2,740 0 0% 0 0% Gas/Oil 38,183 46,900 81% 39,849 96% 46,900 38,183 00 0% 0 0% Kitchen Supplies 181 0 0% 157 116% 01 8 1 4,599 0 0% 0 0% Landscape Expense 5,598 4,450 126% 5,566 101% 4,450 5,598 207 300 69% 334 62% Laundry/Linens 5,115 5,650 91% 5,783 88% 5,650 5,115 Nemadji Summary of All Units For the Twelve Months Ending Wednesday, December 31, 2025 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months 132 0 0% 0 0% Laundry/Uniforms 12,593 12,000 105% 13,693 92% 12,000 12,593 00 0% 153 0% Office Supplies 328 0 0% 453 73% 03 2 8 718 0 0% 0 0% Propane Gas 718 0 0% 0 0% 07 1 8 00 0% 0 0% Range Balls 15,442 7,500 206% 2,438 634% 7,500 15,442 00 0% 0 0% Range Equipment 6,342 6,000 106% 3,856 164% 6,000 6,342 00 0% 0 0% Rental Club Expense 713 4,000 18% 0 0% 4,000 713 00 0% 0 0% Sand/Topdress 20,562 22,200 93% 17,609 117% 22,200 20,562 00 0% 0 0% Scorecards 2,535 2,500 101% 2,302 110% 2,500 2,535 00 0% 0 0% Seeds/Trees 2,899 3,600 81% 2,899 100% 3,600 2,899 1,562 2,520 62% 1,265 123% Supplies 34,377 37,590 91% 33,153 104% 37,590 34,377 460 451 102% 451 102% Cable Tv Expense 5,516 5,412 102% 4,841 114% 5,412 5,516 01 , 2 0 0 0% 785 0% Cart Repairs 7,090 14,400 49% 1,340 529% 14,400 7,090 1,583 1,500 106% 1,558 102% Computer Service 20,246 22,300 91% 22,527 90% 22,300 20,246 00 0% 0 0% Handicap Expense 11,306 11,500 98% 11,565 98% 11,500 11,306 272 0 0% 131 207% Irrigation 21,359 23,100 92% 18,491 116% 23,100 21,359 00 0% 0 0% Lesson Expense 0 8,500 0% 0 0% 8,500 0 8,073 5,500 147% 4,736 170% Repair & Maint - Equipment 41,388 66,500 62% 52,113 79% 66,500 41,388 2,222 2,000 111% 2,204 101% Repair & Maint - Building 17,337 53,000 33% 50,978 34% 53,000 17,337 219 675 32% 434 51% Security 4,627 8,100 57% 6,183 75% 8,100 4,627 5,244 5,244 100% 5,244 100% Cart Lease 62,928 62,928 100% 135,120 47% 62,928 62,928 00 0% 0 0% Equipment Lease 947 1,600 59% 27,995 3% 1,600 947 190 2,500 8% 0 0% Equipment Rental 3,705 5,000 74% 6,592 56% 5,000 3,705 1,753 1,700 103% 2,054 85% Utilities - Electric 26,489 31,500 84% 30,626 86% 31,500 26,489 1,215 1,200 101% 1,408 86% Utilities - Gas 7,912 7,680 103% 7,599 104% 7,680 7,912 552 750 74% 505 109% Utilities - Telephone/Fax 5,652 6,750 84% 6,960 81% 6,750 5,652 1,314 500 263% 86 1528% Utilities - Waste 18,548 14,700 126% 14,918 124% 14,700 18,548 431 250 172% 275 157% Utilities - Water 50,612 61,740 82% 22,671 223% 61,740 50,612 2,472 2,200 112% 1,284 193% Advertising & Promotion 24,426 27,450 89% 17,622 139% 27,450 24,426 449 350 128% 336 134% Bank Charges 4,700 4,200 112% 4,266 110% 4,200 4,700 (38) 0 0% 0 0% Cash Short/(Over) 0 0 0% (233) 0% 00 50 250 20% 300 17% Cell Phone 1,650 3,000 55% 2,177 76% 3,000 1,650 401 300 134% 134 300% Copier/Photocopies 2,576 3,600 72% 3,425 75% 3,600 2,576 1,254 1,200 105% 1,534 82% Credit Card Discounts 98,788 83,200 119% 78,715 126% 83,200 98,788 445 400 111% 85 524% Dues & Subscriptions 6,281 4,150 151% 5,079 124% 4,150 6,281 720 800 90% 608 118% Education & Training 5,484 7,620 72% 5,040 109% 7,620 5,484 00 0% 0 0% Employee Procurement 110 2,500 4% 300 37% 2,500 110 00 0% 0 0% Employee Relations 2,047 4,500 45% 4,102 50% 4,500 2,047 4,774 5,261 91% 4,886 98% Insurance Expense 57,931 61,079 95% 51,597 112% 61,079 57,931 2,000 2,060 97% 2,093 96% O/S - Accounting 24,099 24,720 97% 24,093 100% 24,720 24,099 872 750 116% 560 156% Payroll Processing Fee 5,659 6,950 81% 8,237 69% 6,950 5,659 121 100 121% 171 71% Postage/Shipping 1,106 1,000 111% 689 161% 1,000 1,106 00 0% 0 0% Purchase Discounts (2,033) (1,775) 115% (1,278) 159% (1,775) (2,033) 00 0% 0 0% Staff Communications 2,276 4,000 57% 0 0% 4,000 2,276 65 100 65% 17 372% Tax/Licenses/Fees 1,785 2,275 78% 2,578 69% 2,275 1,785 00 0% 0 0% Travel - Air 2,899 4,000 72% 2,247 129% 4,000 2,899 00 0% 0 0% Travel - Auto 1,443 1,750 82% 945 153% 1,750 1,443 00 0% 0 0% Travel - Hotel 1,988 2,500 80% 2,372 84% 2,500 1,988 07 5 0% 0 0% Travel - Meals 741 900 82% 291 254% 900 741 178 300 59% 236 75% Employee Meals 11,172 13,900 80% 17,894 62% 13,900 11,172 55,481 40,436 137% 34,643 160% TOTAL OPERATING EXPENSES 774,111 899,419 86% 869,570 89% 899,419 774,111 (127,102) (89,952) 141% (86,631) 147% EBITDA 364,416 262,134 139% 265,008 138% 262,134 364,416 8,358 8,115 103% 8,115 103% Management Fee 97,833 97,384 100% 94,984 103% 97,384 97,833 8,358 8,115 103% 8,115 103% Management Fees 97,833 97,384 100% 94,984 103% 97,384 97,833 00 0% 0 0% Capital Projects 38,107 0 0% 0 0% 0 38,107 00 0% 0 0% S/T OTHER EXPENSES 38,107 0 0% 0 0% 0 38,107 (135,460) (98,068) 138% (94,746) 143% NET INCOME 228,476 164,750 139% 170,024 134% 164,750 228,476 Nemadji Summary of All Units For the Twelve Months Ending Wednesday, December 31, 2025 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $0 $0 0% $0 0% Green Fees $858,377 $845,092 102% $879,932 98% $845,092 $858,377 7,414 19,904 37% 7,281 102% Golf Simulator Revenue 48,999 110,656 44% 52,419 93% 110,656 48,999 71 0 0% 0 0% Annual Pass Revenue 458,338 454,400 101% 431,855 106% 454,400 458,338 7,485 19,904 38% 7,281 103% Total Revenues 1,365,714 1,410,148 97% 1,364,206 100% 1,410,148 1,365,714 7,485 19,904 38% 7,281 103% GROSS MARGIN 1,365,714 1,410,148 97% 1,364,206 100% 1,410,148 1,365,714 PAYROLL 11,710 11,418 103% 13,172 89% Gross Payroll - Salaried 148,454 142,820 104% 155,534 95% 142,820 148,454 5,265 3,357 157% 7,263 72% Gross Payroll - Hourly 190,554 223,572 85% 191,168 100% 223,572 190,554 00 0% 0 0% Gross Payroll - Overtime 229 0 0% 1,193 19% 02 2 9 3,417 1,417 241% (1,083) -315% Gross Payroll - Bonus 8,000 6,004 133% 3,500 229% 6,004 8,000 20,392 16,192 126% 19,351 105% S/T Wages 347,237 372,396 93% 351,394 99% 372,396 347,237 1,512 1,239 122% 1,235 122% Payroll Tax - FICA 25,052 28,488 88% 24,637 102% 28,488 25,052 314 72 438% 371 85% Payroll Tax - UC 7,911 10,051 79% 7,519 105% 10,051 7,911 1,296 325 399% 525 247% Payroll Tax - WC 7,253 7,352 99% 8,287 88% 7,352 7,253 2,405 1,353 178% 3,830 63% Benefits 31,069 19,016 163% 46,130 67% 19,016 31,069 5,526 2,988 185% 5,961 93% S/T Adders 71,285 64,907 110% 86,573 82% 64,907 71,285 25,918 19,180 135% 25,312 102% TOTAL PAYROLL 418,522 437,303 96% 437,968 96% 437,303 418,522 OPERATING EXPENSES 8,234 0 0% 0 0% Chemicals 58,165 68,800 85% 75,205 77% 68,800 58,165 00 0% 632 0% Course Accessories 8,353 11,000 76% 14,622 57% 11,000 8,353 00 0% 0 0% Fungicides 121 0 0% 0 0% 01 2 1 2,740 0 0% 0 0% Gas/Oil 38,183 46,900 81% 39,849 96% 46,900 38,183 4,599 0 0% 0 0% Landscape Expense 5,598 4,450 126% 5,566 101% 4,450 5,598 132 0 0% 0 0% Laundry/Uniforms 6,959 5,400 129% 4,663 149% 5,400 6,959 718 0 0% 0 0% Propane Gas 718 0 0% 0 0% 07 1 8 00 0% 0 0% Sand/Topdress 20,562 22,200 93% 17,609 117% 22,200 20,562 00 0% 0 0% Scorecards 0 0 0% 1,930 0% 00 00 0% 0 0% Seeds/Trees 2,899 3,600 81% 2,899 100% 3,600 2,899 232 550 42% 385 60% Supplies 10,026 13,550 74% 10,135 99% 13,550 10,026 272 0 0% 131 207% Irrigation 21,359 23,100 92% 18,491 116% 23,100 21,359 4,073 3,500 116% 240 1697% Repair & Maint - Equipment 24,823 29,500 84% 25,441 98% 29,500 24,823 587 0 0% 0 0% Repair & Maint - Building 4,111 29,000 14% 36,181 11% 29,000 4,111 00 0% 0 0% Equipment Lease 0 0 0% 17,952 0% 00 02 , 5 0 0 0% 0 0% Equipment Rental 0 5,000 0% 4,782 0% 5,000 0 1,043 700 149% 1,046 100% Utilities - Electric 12,957 15,450 84% 15,938 81% 15,450 12,957 315 800 39% 1,408 22% Utilities - Gas 7,012 4,500 156% 7,599 92% 4,500 7,012 00 0% 0 0% Utilities - Waste 339 0 0% 0 0% 03 3 9 44 50 88% 55 80% Utilities - Water 43,843 57,250 77% 17,465 251% 57,250 43,843 50 100 50% 100 50% Cell Phone 550 1,200 46% 1,199 46% 1,200 550 180 200 90% 0 0% Dues & Subscriptions 2,695 1,750 154% 2,620 103% 1,750 2,695 720 800 90% 608 118% Education & Training 5,150 5,120 101% 4,248 121% 5,120 5,150 00 0% 0 0% Staff Communications 2,276 4,000 57% 0 0% 4,000 2,276 23,939 9,200 260% 4,605 520% TOTAL OPERATING EXPENSES 276,699 351,770 79% 324,393 85% 351,770 276,699 (42,372) (8,476) 500% (22,636) 187% EBITDA 670,492 621,075 108% 601,846 111% 621,075 670,492 (42,372) (8,476) 500% (22,636 ) 187% NET INCOME 670,492 621,075 108% 601,846 111% 621,075 670,492 Nemadji Course & Grounds For the Twelve Months Ending Wednesday, December 31, 2025 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $0 $0 0% $0 0% Cart Fee $480,231 $496,152 97% $498,308 96% $496,152 $480,231 0 0 0% 0 0% Total Revenues 480,231 496,152 97% 498,308 96% 496,152 480,231 0 0 0% 0 0% GROSS MARGIN 480,231 496,152 97% 498,308 96% 496,152 480,231 PAYROLL 00 0% 0 0% Gross Payroll - Hourly 79,545 81,253 98% 82,267 97% 81,253 79,545 00 0% 0 0% Gross Payroll - Overtime 172 0 0% 365 47% 01 7 2 00 0% 0 0% S/T Wages 79,717 81,253 98% 82,633 96% 81,253 79,717 00 0% 0 0% Payroll Tax - FICA 6,098 6,216 98% 6,358 96% 6,216 6,098 00 0% 0 0% Payroll Tax - UC 3,552 4,064 87% 4,157 85% 4,064 3,552 00 0% 0 0% Payroll Tax - WC 0 1,612 0% 0 0% 1,612 0 00 0% 0 0% S/T Adders 9,650 11,892 81% 10,515 92% 11,892 9,650 0 0 0% 0 0% TOTAL PAYROLL 89,367 93,146 96% 93,148 96% 93,146 89,367 OPERATING EXPENSES 01 , 2 0 0 0% 785 0% Cart Repairs 7,090 14,400 49% 1,340 529% 14,400 7,090 00 0% 0 0% Repair & Maint - Equipment 0 3,000 0% 1,062 0% 3,000 0 5,244 5,244 100% 5,244 100% Cart Lease 62,928 62,928 100% 135,120 47% 62,928 62,928 5,244 6,444 81% 6,029 87% TOTAL OPERATING EXPENSES 70,018 80,328 87% 137,523 51% 80,328 70,018 (5,244) (6,444) 81% (6,029) 87% EBITDA 320,846 322,678 99% 267,637 120% 322,678 320,846 (5,244) (6,444) 81% (6,029) 87% NET INCOME 320,846 322,678 99% 267,637 120% 322,678 320,846 Nemadji Carts For the Twelve Months Ending Wednesday, December 31, 2025 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $1 $0 0% $0 0% Range $110,786 $93,575 118% $96,656 115% $93,575 $110,786 1 0 0% 0 0% Total Revenues 110,786 93,575 118% 96,656 115% 93,575 110,786 1 0 0% 0 0% GROSS MARGIN 110,786 93,575 118% 96,656 115% 93,575 110,786 OPERATING EXPENSES 00 0% 0 0% Range Balls 15,442 7,500 206% 2,438 634% 7,500 15,442 00 0% 0 0% Range Equipment 6,342 6,000 106% 3,856 164% 6,000 6,342 00 0% 0 0% Supplies 394 400 98% 225 175% 400 394 00 0% 0 0% Equipment Lease 0 0 0% 9,663 0% 00 00 0 % 0 0 % TOTAL OPERATING EXPENSES 22,177 13,900 160% 16,181 137% 13,900 22,177 1 0 0% 0 0% EBITDA 88,608 79,675 111% 80,475 110% 79,675 88,608 1 0 0% 0 0% NET INCOME 88,608 79,675 111% 80,475 110% 79,675 88,608 Nemadji Range For the Twelve Months Ending Wednesday, December 31, 2025 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $3,198 $4,500 71% $4,278 75% Food $179,449 $165,000 109% $156,133 115% $165,000 $179,449 325 500 65% 371 88% Beverage 42,317 50,950 83% 49,372 86% 50,950 42,317 1,827 2,900 63% 2,227 82% Beer 166,806 175,850 95% 172,771 97% 175,850 166,806 635 800 79% 939 68% Liquor 94,769 105,750 90% 96,116 99% 105,750 94,769 03 5 0% 80 0% Wine 2,000 2,215 90% 2,045 98% 2,215 2,000 00 0% 0 0% Tobacco 1,106 1,775 62% 1,305 85% 1,775 1,106 5,985 8,735 69% 7,894 76% Total Revenues 486,448 501,540 97% 477,742 102% 501,540 486,448 COST OF GOODS SOLD 1,810 1,935 94% 1,431 126% COGS - Food 69,891 70,950 99% 58,409 120% 70,950 69,891 320 240 133% 598 53% COGS - Beverage 35,537 24,456 145% 35,352 101% 24,456 35,537 390 1,015 38% 769 51% COGS - Beer 56,676 61,548 92% 58,957 96% 61,548 56,676 290 240 121% (21) -1406% COGS - Liquor 27,353 31,725 86% 25,303 108% 31,725 27,353 (9) 7 -131% 15 -56% COGS - Wine 422 421 100% 520 81% 421 422 (15) 0 0% 9 -168% COGS - Tobacco 933 1,243 75% 1,116 84% 1,243 933 152 0 0% 139 109% COGS - Waste 2,213 0 0% 1,602 138% 02 , 2 1 3 2,938 3,437 85% 2,941 100% Total COGS 193,026 190,342 101% 181,259 106% 190,342 193,026 3,047 5,298 58% 4,953 62% GROSS MARGIN 293,422 311,198 94% 296,483 99% 311,198 293,422 56.60% 43.00% 132.00% 33.46% 169.00% COGS - Food % 38.95% 43.00% 91.00% 37.41% 104.00% 43.00% 523.30% 98.31% 48.00% 205.00% 161.24% 61.00% COGS - Beverage % 83.98% 48.00% 175.00% 71.60% 117.00% 48.00% 1652.25% 21.37% 35.00% 61.00% 34.53% 62.00% COGS - Beer % 33.98% 35.00% 97.00% 34.12% 100.00% 35.00% 410.46% 45.62% 30.00% 152.00% -2.19% -2083.00% COGS - Liquor % 28.86% 30.00% 96.00% 26.33% 110.00% 30.00% 332.17% 0.00% 19.00% 0.00% 19.31% 0.00% COGS - Wine % 21.10% 19.00% 111.00% 25.43% 83.00% 19.00% 262.38% 0.00% 0.00% 0.00% 0.00% 0.00% COGS - Tobacco % 84.35% 70.00% 121.00% 85.48% 99.00% 70.00% 752.52% 49.08% 39.34% 125.00% 37.26% 132.00% COGS - All Food & Bev 39.68% 37.95% 105.00% 37.94% 105.00% 37.95% 558.99% PAYROLL 4,978 4,871 102% 4,825 103% Gross Payroll - Salaried 59,095 58,450 101% 57,470 103% 58,450 59,095 11,397 10,363 110% 9,473 120% Gross Payroll - Hourly 193,892 196,181 99% 178,137 109% 196,181 193,892 00 0% 0 0% Gross Payroll - Overtime 45 0 0% 0 0% 04 5 (217) 250 -87% (250) 87% Gross Payroll - Bonus 2,075 2,500 83% 2,500 83% 2,500 2,075 16,158 15,484 104% 14,047 115% S/T Wages 255,108 257,131 99% 238,107 107% 257,131 255,108 1,213 1,185 102% 1,056 115% Payroll Tax - FICA 21,472 19,671 109% 20,135 107% 19,671 21,472 312 78 401% 489 64% Payroll Tax - UC 6,067 6,649 91% 6,966 87% 6,649 6,067 1,620 311 522% 696 233% Payroll Tax - WC 9,557 5,070 189% 6,446 148% 5,070 9,557 2,776 1,889 147% 1,410 197% Benefits 24,218 26,557 91% 24,515 99% 26,557 24,218 5,921 3,461 171% 3,651 162% S/T Adders 61,315 57,947 106% 58,062 106% 57,947 61,315 22,079 18,945 117% 17,698 125% TOTAL PAYROLL 316,423 315,078 100% 296,169 107% 315,078 316,423 OPERATING EXPENSES 00 0% 0 0% Kitchen Supplies 181 0 0% 157 116% 01 8 1 207 300 69% 334 62% Laundry/Linens 5,115 5,650 91% 5,783 88% 5,650 5,115 00 0% 0 0% Laundry/Uniforms 2,178 2,000 109% 634 344% 2,000 2,178 1,089 1,700 64% 594 183% Supplies 19,352 20,400 95% 16,077 120% 20,400 19,352 3,250 0 0% 731 445% Repair & Maint - Equipment 6,491 10,000 65% 8,125 80% 10,000 6,491 00 0% 0 0% Equipment Lease 947 1,600 59% 380 249% 1,600 947 190 0 0% 0 0% Equipment Rental 1,083 0 0% 0 0% 01 , 0 8 3 00 0% 0 0% Dues & Subscriptions 540 0 0% 0 0% 05 4 0 52 50 104% 6 839% Tax/Licenses/Fees 242 600 40% 460 53% 600 242 4,788 2,050 234% 1,665 288% TOTAL OPERATING EXPENSES 36,128 40,250 90% 31,615 114% 40,250 36,128 (23,819) (15,697) 152% (14,410) 165% EBITDA (59,129) (44,130) 134% (31,300) 189% (44,130) (59,129) (23,819) (15,697) 152% (14,410) 165% NET INCOME (59,129) (44,130) 134% (31,300) 189% (44,130) (59,129) Nemadji F & B Ala Carte For the Twelve Months Ending Wednesday, December 31, 2025 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $8,278 $4,975 166% $5,013 165% Merchandise $269,775 $286,035 94% $297,568 91% $286,035 $269,775 (600) 0 0% 0 0% Handicap Fee 8,658 11,500 75% 9,818 88% 11,500 8,658 01 0 0 0% 0 0% Lessons 4,220 8,500 50% 5,990 70% 8,500 4,220 00 0% 0 0% Other Pro Shop Revenue 205 1,865 11% 123 166% 1,865 205 00 0% 0 0% Pull Cart Rental 2,705 2,130 127% 1,821 149% 2,130 2,705 00 0% 0 0% Rental Clubs 2,904 3,700 78% 3,522 82% 3,700 2,904 65 50 130% 0 0% Club Repair 2,056 1,695 121% 1,380 149% 1,695 2,056 7,743 5,125 151% 5,013 154% Total Revenues 290,521 315,425 92% 320,222 91% 315,425 290,521 COST OF GOODS SOLD 7,951 3,240 245% 4,940 161% COGS - Merchandise 188,070 195,811 96% 231,635 81% 195,811 188,070 7,951 3,240 245% 4,940 161% Total COGS 188,070 195,811 96% 231,635 81% 195,811 188,070 (208) 1,885 -11% 73 -283% GROSS MARGIN 102,451 119,614 86% 88,588 116% 119,614 102,451 96.05% 65.13% 147.00% 98.54% 97.00% COGS - Merchandise % 69.71% 68.46% 102.00% 77.84% 90.00% 68.46% 901.50% PAYROLL 7,611 13,531 56% 6,488 117% Gross Payroll - Hourly 135,972 173,970 78% 140,793 97% 173,970 135,972 16 0 0% 0 0% Gross Payroll - Overtime 3,916 0 0% 5,313 74% 03 , 9 1 6 1,925 2,500 77% 500 385% Gross Payroll - Bonus 1,925 3,000 64% 500 385% 3,000 1,925 00 0% 0 0% Lessons 3,400 0 0% 5,990 57% 03 , 4 0 0 9,552 16,031 60% 6,988 137% S/T Wages 145,213 176,970 82% 152,596 95% 176,970 145,213 689 1,226 56% 488 141% Payroll Tax - FICA 10,535 13,538 78% 11,339 93% 13,538 10,535 152 535 28% 89 171% Payroll Tax - UC 3,015 5,615 54% 3,452 87% 5,615 3,015 1,330 322 414% 129 1028% Payroll Tax - WC 4,477 3,502 128% 2,858 157% 3,502 4,477 1,191 676 176% 624 191% Benefits 12,109 7,847 154% 7,478 162% 7,847 12,109 3,362 2,759 122% 1,330 253% S/T Adders 30,137 30,502 99% 25,128 120% 30,502 30,137 12,914 18,790 69% 8,318 155% TOTAL PAYROLL 175,350 207,472 85% 177,724 99% 207,472 175,350 OPERATING EXPENSES 00 0% 0 0% Displays/Fixtures 1,016 1,000 102% 1,163 87% 1,000 1,016 00 0% 0 0% Laundry/Uniforms 3,390 4,000 85% 7,824 43% 4,000 3,390 00 0% 0 0% Rental Club Expense 713 4,000 18% 0 0% 4,000 713 00 0% 0 0% Scorecards 2,535 2,500 101% 372 681% 2,500 2,535 43 150 29% 0 0% Supplies 2,920 1,800 162% 2,221 131% 1,800 2,920 00 0% 0 0% Handicap Expense 11,306 11,500 98% 11,565 98% 11,500 11,306 00 0% 0 0% Lesson Expense 0 8,500 0% 0 0% 8,500 0 (38) 0 0% 0 0% Cash Short/(Over) 0 0 0% (233) 0% 00 51 5 0 3 % 0 0 % TOTAL OPERATING EXPENSES 21,879 33,300 66% 22,912 95% 33,300 21,879 (13,127) (17,055) 77% (8,245) 159% EBITDA (94,778) (121,158) 78% (112,048) 85% (121,158) (94,778) (13,127) (17,055) 77% (8,245) 159% N ET INCOME (94,778) (121,158) 78% (112,048) 85% (121,158) (94,778) Nemadji Golf Shop For the Twelve Months Ending Wednesday, December 31, 2025 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months PAYROLL $9,121 $8,750 104% $8,942 102% Gross Payroll - Salaried $107,377 $105,000 102% $110,607 97% $105,000 $107,377 00 0% 288 0% Gross Payroll - Hourly 5,223 10,340 51% 4,554 115% 10,340 5,223 417 500 83% (3,167) -13% Gross Payroll - Bonus 5,000 5,000 100% 6,000 83% 5,000 5,000 9,538 9,250 103% 6,064 157% S/T Wages 117,600 120,340 98% 121,162 97% 120,340 117,600 747 708 106% 442 169% Payroll Tax - FICA 8,831 9,206 96% 8,964 99% 9,206 8,831 178 25 705% 190 94% Payroll Tax - UC 827 1,420 58% 1,546 53% 1,420 827 381 186 205% 201 189% Payroll Tax - WC 2,031 2,368 86% 2,317 88% 2,368 2,031 1,009 786 128% 825 122% Benefits 10,775 9,160 118% 8,754 123% 9,160 10,775 2,315 1,704 136% 1,657 140% S/T Adders 22,464 22,153 101% 21,581 104% 22,153 22,464 11,853 10,954 108% 7,721 154% TOTAL PAYROLL 140,064 142,493 98% 142,743 98% 142,493 140,064 OPERATING EXPENSES 00 0% 0 0% Displays/Fixtures 82 0 0% 0 0% 08 2 00 0% 145 0% Furniture & Fixtures 0 0 0% 145 0% 00 00 0% 0 0% Laundry/Uniforms 66 600 11% 573 11% 600 66 00 0% 153 0% Office Supplies 328 0 0% 453 73% 03 2 8 198 120 165% 4 4510% Supplies 1,478 1,440 103% 4,013 37% 1,440 1,478 460 451 102% 451 102% Cable Tv Expense 5,516 5,412 102% 4,841 114% 5,412 5,516 1,583 1,500 106% 1,558 102% Computer Service 20,246 22,300 91% 22,527 90% 22,300 20,246 750 2,000 38% 3,765 20% Repair & Maint - Equipment 10,074 24,000 42% 17,485 58% 24,000 10,074 1,635 2,000 82% 2,204 74% Repair & Maint - Building 13,226 24,000 55% 14,797 89% 24,000 13,226 219 675 32% 434 51% Security 4,627 8,100 57% 6,183 75% 8,100 4,627 00 0% 0 0% Equipment Rental 2,623 0 0% 1,810 145% 02 , 6 2 3 710 1,000 71% 1,008 70% Utilities - Electric 13,532 16,050 84% 14,689 92% 16,050 13,532 900 400 225% 0 0% Utilities - Gas 900 3,180 28% 0 0% 3,180 900 552 750 74% 505 109% Utilities - Telephone/Fax 5,652 6,750 84% 6,960 81% 6,750 5,652 1,314 500 263% 86 1528% Utilities - Waste 18,209 14,700 124% 14,918 122% 14,700 18,209 387 200 194% 220 176% Utilities - Water 6,769 4,490 151% 5,206 130% 4,490 6,769 449 350 128% 336 134% Bank Charges 4,700 4,200 112% 4,266 110% 4,200 4,700 01 5 0 0% 200 0% Cell Phone 1,100 1,800 61% 979 112% 1,800 1,100 401 300 134% 134 300% Copier/Photocopies 2,576 3,600 72% 3,425 75% 3,600 2,576 1,254 1,200 105% 1,534 82% Credit Card Discounts 98,788 83,200 119% 78,715 126% 83,200 98,788 265 200 132% 85 312% Dues & Subscriptions 3,046 2,400 127% 2,458 124% 2,400 3,046 00 0% 0 0% Education & Training 334 2,500 13% 791 42% 2,500 334 00 0% 0 0% Employee Procurement 110 2,500 4% 300 37% 2,500 110 00 0% 0 0% Employee Relations 2,047 4,500 45% 4,102 50% 4,500 2,047 4,774 5,261 91% 4,886 98% Insurance Expense 57,931 61,079 95% 51,597 112% 61,079 57,931 2,000 2,060 97% 2,093 96% O/S - Accounting 24,099 24,720 97% 24,093 100% 24,720 24,099 872 750 116% 560 156% Payroll Processing Fee 5,659 6,950 81% 8,237 69% 6,950 5,659 121 100 121% 171 71% Postage/Shipping 1,106 1,000 111% 689 161% 1,000 1,106 00 0% 0 0% Purchase Discounts (2,033) (1,775) 115% (1,278) 159% (1,775) (2,033) 13 50 25% 11 114% Tax/Licenses/Fees 1,543 1,675 92% 2,118 73% 1,675 1,543 00 0% 0 0% Travel - Air 2,899 4,000 72% 2,247 129% 4,000 2,899 00 0% 0 0% Travel - Auto 1,443 1,750 82% 945 153% 1,750 1,443 00 0% 0 0% Travel - Hotel 1,988 2,500 80% 2,372 84% 2,500 1,988 07 5 0% 0 0% Travel - Meals 741 900 82% 291 254% 900 741 178 300 59% 236 75% Employee Meals 11,172 13,900 80% 17,894 62% 13,900 11,172 19,034 20,392 93% 20,778 92% TOTAL OPERATING EXPENSES 322,576 352,421 92% 318,842 101% 352,421 322,576 (30,887) (31,346) 99% (28,499) 108% EBITDA (462,6 40) (494,914) 93% (461,584) 100% (494,914) (462,640) 8,358 8,115 103% 8,115 103% Management Fee 97,833 97,384 100% 94,984 103% 97,384 97,833 8,358 8,115 103% 8,115 103% Management Fees 97,833 97,384 100% 94,984 103% 97,384 97,833 00 0% 0 0% Capital Projects 38,107 0 0% 0 0% 0 38,107 00 0% 0 0% S/T OTHER EXPENSES 38,107 0 0% 0 0% 0 38,107 (39,245) (39,462) 99% (36,614) 107% N ET INCOME (598,580) (592,299) 101% (556,568) 108% (592,299) (598,580) Nemadji G & A For the Twelve Months Ending Wednesday, December 31, 2025 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months PAYROLL $4,837 $4,733 102% $4,429 109% Gross Payroll - Salaried $58,659 $56,800 103% $52,786 111% $56,800 $58,659 2,208 0 0% 250 883% Gross Payroll - Bonus 4,500 0 0% 3,000 150% 04 , 5 0 0 02 , 5 0 0 0% 0 0% Gross Payroll - Commissions 0 2,500 0% 0 0% 2,500 0 7,046 7,233 97% 4,679 151% S/T Wages 63,159 59,300 107% 55,786 113% 59,300 63,159 537 553 97% 350 153% Payroll Tax - FICA 4,782 4,536 105% 4,284 112% 4,536 4,782 91 126 72% 90 102% Payroll Tax - UC 589 791 74% 654 90% 791 589 276 145 190% 117 236% Payroll Tax - WC 1,177 1,167 101% 1,055 112% 1,167 1,177 1,232 676 182% 10 12745% Benefits 4,645 7,847 59% 133 3494% 7,847 4,645 2,137 1,501 142% 567 377% S/T Adders 11,193 14,342 78% 6,127 183% 14,342 11,193 9,183 8,734 105% 5,246 175% TOTAL PAYROLL 74,352 73,642 101% 61,912 120% 73,642 74,352 OPERATING EXPENSES 00 0% 282 0% Supplies 207 0 0% 482 43% 02 0 7 2,472 2,200 112% 1,284 193% Advertising & Promotion 24,426 27,450 89% 17,622 139% 27,450 24,426 2,472 2,200 112% 1,566 158% TOTAL OPERATING EXPENSES 24,632 27,450 90% 18,105 136% 27,450 24,632 (11,655) (10,934) 107% ( 6,812) 171% EBITDA (98, 984) (101,092) 98% (80,017) 124% (101,092) (98,984) (11,655) (10,934) 107% (6,812) 171% NET INCOME (98,984) (101,092) 98% (80,017) 124% (101,092) (98,984) Nemadji Marketing For the Twelve Months Ending Wednesday, December 31, 2025 Date: February 13, 2026 To: Bridgit Maruska, City of Su perior – Public Works Director From: Joe Titus, Regional Manager, KemperSpor ts, and Dan Walker, Head Golf Professional/GM CC: Mary Kate Walsh, Regional Sales & Marketing Director, KemperSports Re: January 2026 Client Report Overview: January was a soft month for both SIM and F&B revenue. Total Revenue was under budget by 28%. SIM revenue was under budget by 32.8% and F&B revenue was under budget by 29.2%. Merchandise sales were strong, coming in 1.8% over budget. We did have a very cold stretch of weather that hurt traffic along with another new indoor Simulator Co-Op that opened up in Duluth. Merchandise COGS were slightly above budget due to some off-season sales. F&B COGS were under budget by 1.5%. Total Payroll was slightly over budget by 6.1% due to an increase in staff benefits. OPEX was under budget by 2.4% for the month. With slow traffic we only missed budget for the month by 3.1% or $3,123. Key Performance Highlights: • Course and Grounds o Golf Simulator revenue was soft for the month coming in 32.8% under budget. o Cold weather and a new Co-Op that opened hurt sales along with no snowmobile traffic. o We hosted a month long 18 hole Par 3 contest on the TrackMan Simulator where we had 11 teams compete. o Payroll was just slightly over budget for the month by 1% (only $267). o OPEX was under budget by 36% helping us make up the gap in soft SIM revenue. • Carts o All golf carts have been serviced for the upcoming season. • Range o No activity for the month. January 2026 Actual Budget Variance % Change 2025 Actual % Change Nemadji Golf Course Total Revenue 21,929$ 30,445 $ (8,516) $ -28% 32,743 $ -33.0% Merchandise COG's % 72% 64% 8% 12% 70% 3.1% F&B COG's % 39% 40% -1% -2% 46% -14.3% Payroll Expense 72,650 $ 68,449 $ 4,201 $ 6% 67,644 $ 7.4% Other Expense 37,642 $ 38,573 $ (931) $ -2% 35,010 $ 7.5% EBITDA (94,231) $ (83,609) $ (10,622) $ 13% (79,938) $ 17.9% Management Fees 8,358 $ 8,358 $ - $ 0% 8,115 $ 3.0% Net Income (102,590)$ (99,467) $ (3,123) $ 3% (88,053)$ 16.5% Rounds 471 418 53 13% 532 -11.5% Average GF/CF 21 $ 35 $ (14)$ -40.0% 27 $ -22.2% • F&B o F&B revenue was soft for the month coming in 29.2% under budget and was down 26% from last January. o COG’s were under budget for the month from softer sales. o OPEX was under budget by 16% for the month. o Payroll was 9% over budget ($1,738) for the month due to some overtime hours due to sickness of one of our cooks. o Friday Fish Fry’s were slow but still brought in traffic. o The Senior Breakfast Special was slow on Fridays & Saturdays but strong on Sunday. o We were the halfway point on the Lake Superior Ice Festival Trolley Ride where the participants were able to come into the Greens View Grille and taste our Chicken Wild Rice Soup, 7-Iron Club Sandwich and three different versions of our chicken wing appetizer. It was a great way to promote that our restaurant is open 7 days a week during the winter. • Golf Shop o Merchandise sales were strong for the month due to our TaylorMade fitting event that we hosted on January 18 th. o COGS were slightly higher than budget for the month due to some off-season sales. o Payroll was over budget for the month due to staff working at the winter festivals. o OPEX was over budget by $136. o Travis Miller and Grady Hauswirth worked at the Lake Superior Ice Festival where we offered free Ice mini-golf at Captain J’s. • G&A o Payroll is in line to budget. o OPEX was slightly over budget for the month due to high credit card processing fees. • Marketing o Payroll was slightly over budget due to an increase in benefits. o We rolled out our first monthly newsletter in flip book style that highlighted all areas of Nemadji. o Work updating the website continued with the roll out of new pages set to come before the upcoming golf season. o Our Social Media video series continued with Christian Houle and Grady Hauswirth providing tips on how to get better over the winter, how to select the proper golf shaft and more. o Participated in the Lake Superior Ice Festival with onsite activites at Captain J’s, Snowless Snowman Contest and providing the Trolley riders with free appetizers donated by Upper Lakes at the Greens View Grille. o Met with our radio and tv partners and updated content. o Implementation of the new Client Marketing Report that comes from Nemadji and Kemper Marketing support. o Weekly emails to our database on happenings at Nemadji and the Greens View Grille. o Posted that our 2026 Season Passes are available for purchase. o We updated our graphics with Social Indoor one of our advertising partners. TrueReview No monthly results to report as no surveys are sent out during the SIM season KemperSports Upcoming Key Initiatives • Green to a tee o Level 2 certified and will work to level 3 but the program requires some significant financial commitment to achieve. • Safety National o Q1 Safety National call is set for February 12. o Awaiting the roll out of the 2026 Safety National games. • True Service o Staff are up to date with training. o All current management staff have completed Sensitivity Training for 2026. • Player Development o Hosted the first TaylorMade indoor fitting day for the Upper Midwest on January 18th where customers were able to get fit with the new Qi4D product. o Assistant Professional, Grady Hauswirth continued to offer indoor golf lessons in the simulators. o We are working with the SHS High School boys golf team to set up some indoor Captain’s Practices before their golf season starts. Weather 2025 Historic Ave January Rain Totals .6” .9” January Snow Totals 12” 16.8” Low Temperature -29 (23 rd) -1 High Temperature 38 (12 th) 14 Golf Course Maintenance Highlights: • Begin work on 2025 staff evaluations. • Continued work on grinding and the setup of reels on all fine turf cutting mowers. • Continue planning and ordering supplies/tools for the upcoming season. • Completed servicing all 150 golf carts. • George Bibeau (Assistant Superintendent) was working on ASCS certification through GCSAA and began the Great Lakes Turf School online program. • Organizing and cleaning the shop area. • Prepping area for the new golf lift to be installed (electrical work). • Began contacting staff to see who will be returning for the 2026 season to determine how many new staff will need to be hired. • Completed the artwork and setup of our new golf flags that we are ordering for the upcoming season. • Began obtaining info on where we can purchase material to have rubber runners installed on our cart paths in the spring. Client and Team Member Relations Update: • Participation in the Lake Superior Ice Festival hosted by the City of Superior. • We held two manager staff meetings to start planning for the upcoming golf season where all managers were given an action plan on specific things in their department to focus and work on to improve service and the experience for 2026. • Weekly GM conference call with Vince Juarez, ROE and the KemperSports Midwest GM Team where we discuss current operational updates within KemperSports. • Monthly revenue call with Regional Director of Sales and Marketing Mary Kate Walsh, Joe Titus RM, Vince Juarez ROE and Christian Houle Sales & Marketing. Capital Plan Update: • Brian Wallin is in the process of obtaining bids for the new reel grinder. • All other 2026 Capital projects will begin after the winter season. o Bids for the Pop Shop upgrade o Bids for the asphalt work Monthly Financial Income Statement • Attached are January’s summary income statement which breaks down the categories including revenues, payroll, and operating expenses. Please let us know if you have any questions. 1/31/2026 12/31/2025 1/31/2025 ASSETS CURRENT ASSETS: Cash Cash - Operating 1,140,087 1,210,122 818,463 Cash - Payroll 76,485 76,439 58,960 Cash - Housebank & Other 2,900 2,900 2,900 Total Cash 1,219,472 1,289,461 880,323 Accounts Receivable A/R Trade (1,468) (1,468) 7,159 Total Accounts Receivable (1,468) (1,468) 7,159 Other Current Assets Inventory - Merchandise 94,830 95,035 81,736 Inventory - Food & Beverage 19,671 21,143 17,284 Prepaid Insurance 19,095 23,869 19,543 Prepaid Exp - Other 5,810 0 0 Total Other Current Assets 139,407 140,047 118,563 TOTAL CURRENT ASSETS 1,357,411 1,428,040 1,006,045 TOTAL ASSETS 1,357,411 1,428,040 1,006,045 Nemadji Balance Sheet For the One Month Ending Saturday, January 31, 2026 1/31/2026 12/31/2025 1/31/2025 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accts Pay - Trade 6,964 (7,320) 10,319 Accts Pay - Other 1,000 3,651 0 Accrued Expenses 11,776 3,547 4,498 Accrued Payroll 13,278 7,226 11,005 Accrued Taxes 1,406 1,192 2,191 Deferred Revenue 86,454 81,723 84,430 TOTAL CURRENT LIBILITIES 120,878 90,019 112,443 LONG-TERM LIABILITIES: Long-term debt 411,928 410,827 282,936 TOTAL LONG-TERM LIABILITIES 411,928 410,827 282,936 TOTAL LIABILITIES 532,806 500,846 395,379 STOCKHOLDER'S EQUITY Retained Earnings 824,605 927,194 610,666 Net Retained Earnings 824,605 927,194 610,666 Stockholders Equity 824,605 927,194 610,666 TOTAL STOCKHOLDER'S EQUITY 824,605 927,194 610,666 TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 1,357,411 1,428,040 1,006,045 Nemadji Balance Sheet For the One Month Ending Saturday, January 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $9,832 $14,630 67.2% $14,362 68.5% Green Fees & Cart Fees $9,832 $14,630 67.2% $14,362 68.5% $1,897,925 $1,841,415 3,411 3,350 101.8% 6,675 51.1% Merchandise 3,411 3,350 101.8% 6,675 51.1% 284,850 266,511 33 250 13.4% 56 59.8% Other Pro Shop 33 250 13.4% 56 59.8% 24,725 20,724 40 0.0% 0 0.0% Range 4 0 0.0% 0 0.0% 114,850 110,790 8,649 12,215 70.8% 11,651 74.2% Food and Beverage 8,649 12,215 70.8% 11,651 74.2% 505,645 483,446 21,929 30,445 72.0% 32,743 67.0% TOTAL REVENU E 21,929 30,445 72.0% 32,743 67.0% 2,827,995 2,722,886 COST OF SALES 2,463 2,150 114.6% 4,673 52.7% Merchandise 2,463 2,150 114.6% 4,673 52.7% 193,845 185,860 3,406 4,882 69.8% 5,354 63.6% Food & Beverage 3,406 4,882 69.8% 5,354 63.6% 193,598 191,078 5,869 7,032 83.5% 10,027 58.5% TOTAL COGS 5, 869 7,032 83.5% 10,027 58.5% 387,443 376,938 72.2% 64.2% 112.5% 70.0% 103.1% COGS - Mercha ndise % 72.2% 64.2% 112.5% 70.0% 103.1% 68.1% 903.6% 39.4% 40.0% 98.5% 46.0% 85.7% COGS - Food & Beve rage % 39.4% 40.0% 98.5% 46.0% 85.7% 38.3% 552.4% PAYROLL 20,853 20,586 101.3% 25,135 83.0% Course and Grounds 20,853 20,586 101.3% 25,135 83.0% 427,700 414,240 00 0.0% 0 0.0% Carts, Range, Starters, Etc. 0 0 0.0% 0 0.0% 90,593 89,367 10,855 9,578 113.3% 5,548 195.7% Pro Shop 10,855 9,578 113.3% 5,548 195.7% 195,213 180,657 22,033 20,295 108.6% 19,370 113.8% Food and Beverage 22,033 20,295 108.6% 19,370 113.8% 333,211 319,086 11,777 11,433 103.0% 11,841 99.5% General and Administrative 11,777 11,433 103.0% 11,841 99.5% 147,498 140,000 7,132 6,557 108.8% 5,750 124.0% Marketing 7,132 6,557 108.8% 5,750 124.0% 82,976 75,733 72,650 68,449 106.1% 67,644 107.4% TOTAL PAYROLL 72,650 68,449 106.1% 67,644 1 07.4% 1,277,191 1,219,083 OPERATING EXPENSES 5,217 8,202 63.6% 6,303 82.8% Course and Grounds 5,217 8,202 63.6% 6,303 82.8% 339,833 275,613 5,244 5,444 96.3% 5,244 100.0% Carts, Range, Starters, Etc. 5,244 5,444 96.3% 5,244 100.0% 82,278 92,195 786 650 120.9% 623 126.2% Pro Shop 786 650 120.9% 623 126.2% 22,550 22,042 1,679 2,007 83.7% 1,211 138.6% Food and Beverage 1,679 2,007 83.7% 1,211 138.6% 37,991 36,596 21,090 19,270 109.4% 18,216 115.8% General and Administrative 21,090 19,270 109.4% 18,216 115.8% 323,575 325,450 3,627 3,000 120.9% 3,413 106.3% Marketing 3,627 3,000 120.9% 3,413 106.3% 26,500 24,846 37,642 38,573 97.6% 35,010 107.5% TOTAL OPERATING EXPENSES 37,642 38,573 97.6% 35,010 107.5% 832,727 776,742 116,161 114,054 101.8% 112,681 103.1% TOTAL EXPENSES 116, 161 114,054 101.8% 112,681 103.1% 2,497,361 2,372,764 (94,231) (83,609) 112.7% (79,938) 117.9% EBITDA (9 4,231) (83,609) 112.7% (79,938) 117.9% 330,633 350,123 (8,358) (8,358) 100.0% (8,115) 103.0% MANAGEMENT FEES (8 ,358) (8,358) 100.0% (8,115) 103.0% (100,547) (98,077) OTHER INCOME (EXPENSE) 0 (7,500) 0.0% 0 0.0% Other Expenses / Capital Reserve / Impairment 0 (7,500) 0.0% 0 0.0% (15,000) (38,107) 0 (7,500) 0.0% 0 0.0% TOTAL OTHER INCOME (EXPENSE) 0 (7,500) 0.0% 0 0.0% (15,000) (38,107) (102,590) (99,467) 103.1% (88,053) 116.5% NET INCOME (102,590) (99,467) 103.1% (88,053) 116.5% 215,086 213,938 Nemadji Standard Summary Income Statement For the One Month Ending Saturday, January 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months 00 0.0% 0 0.0% Paid Rounds 0 0 0.0% 0 0.0% 32,013 33,598 471 418 112.7% 532 88.5% Member Rounds 471 418 112.7% 532 88.5% 24,414 23,534 00 0.0% 0 0.0% Other Rounds 0 0 0.0% 0 0.0% 1,230 1,597 471 418 112.7% 532 88.5% Total Rounds 471 418 112.7% 532 88.5% 57,657 58,729 00 0.0% 0 0.0% Revenue/Paid Rounds 0 0 0.0% 0 0.0% 88 631 47 73 63.9% 62 75.6% Revenue/Total Rounds 47 73 63.9% 62 75.6% 49 588 00 0.0% 0 0.0% Green Fees / Cart Fees per Paid Rounds 0 0 0.0% 0 0.0% 59 415 21 35 59.6% 27 77.3% Green Fees / Cart Fees per Total Rounds 21 35 59.6% 27 77.3% 33 322 18 29 62.8% 22 83.9% F&B Revenue/Total Rounds 18 29 62.8% 22 83.9% 91 4 0 78 90.4% 13 57.7% Merchandise Revenue/Total Rounds 7 8 90.4% 13 57.7% 51 0 0 Nemadji Standard Summary Income Statement For the One Month Ending Saturday, January 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $0 $0 0% $0 0% Green Fees $0 $0 0% $0 0% $864,515 $858,377 9,832 14,630 67% 14,362 68% Golf Simulator Revenue 9,832 14,630 67% 14,362 68% 58,380 44,469 00 0% 0 0% Annual Pass Revenue 0 0 0% 0 0% 482,030 458,338 00 0% 0 0% Cart Fee 0 0 0% 0 0% 493,000 480,231 3,411 3,350 102% 6,675 51% Merchandise 3,411 3,350 102% 6,675 51% 284,850 266,511 00 0% 0 0% Handicap Fee 0 0 0% 0 0% 9,200 8,658 02 0 0 0% 0 0% Lessons 0 200 0% 0 0% 6,800 4,220 00 0% 0 0% Other Pro Shop Revenue 0 0 0% 0 0% 150 205 00 0% 0 0% Pull Cart Rental 0 0 0% 0 0% 3,100 2,705 90 0% 0 0% Rental Clubs 9 0 0% 0 0% 3,000 2,913 24 50 48% 56 43% Club Repair 24 50 48% 56 43% 2,475 2,024 40 0% 0 0% Range 4 0 0% 0 0% 114,850 110,790 4,636 7,500 62% 7,030 66% Food 4,636 7,500 62% 7,030 66% 192,000 177,055 520 550 95% 565 92% Beverage 520 550 95% 565 92% 46,350 42,273 2,371 2,900 82% 2,829 84% Beer 2,371 2,900 82% 2,829 84% 169,500 166,348 1,106 1,250 89% 1,211 91% Liquor 1,106 1,250 89% 1,211 91% 94,775 94,664 15 15 100% 15 100% Wine 15 15 100% 15 100% 2,120 2,000 00 0% 0 0% Tobacco 0 0 0% 0 0% 900 1,106 21,929 30,445 72% 32,743 67% Total Revenues 21,929 30,445 72% 32,743 67% 2,827,995 2,722,886 COST OF GOODS SOLD 2,463 2,150 115% 4,673 53% COGS - Merchandise 2,463 2,150 115% 4,673 53% 193,845 185,860 2,831 3,225 88% 2,634 107% COGS - Food 2,831 3,225 88% 2,634 107% 82,560 70,088 (846) 264 -321% 504 -168% COGS - Beverage (846) 264 -321% 504 -168% 22,248 34,186 888 1,015 87% 1,225 72% COGS - Beer 888 1,015 87% 1,225 72% 59,325 56,339 356 375 95% 417 85% COGS - Liquor 356 375 95% 417 85% 28,433 27,292 (5) 3 -174% (5) 108% COGS - Wine (5) 3 -174% (5) 108% 403 422 15 0 0% 0 0% COGS - Tobacco 15 0 0% 0 0% 630 948 168 0 0% 579 29% COGS - Waste 168 0 0% 579 29% 01 , 8 0 2 5,869 7,032 83% 10,027 59% Total COGS 5,869 7,032 83% 10,027 59% 387,443 376,938 16,060 23,413 69% 22,716 71% GROSS MARGIN 16,060 23,413 69% 22,716 71% 2,440,551 2,345,948 72.21% 64.18% 113.00% 70.01% 103.00% COGS - Merchandise % 72.21% 64.18% 113.00% 70.01% 103.00% 68.05% 903.70% 61.06% 43.00% 142.00% 37.46% 163.00% COGS - Food % 61.06% 43.00% 142.00% 37.46% 163.00% 43.00% 546.90% -162.65% 48.00% -339.00% 89.22% -182.00% COGS - Beverage % -162.65% 48.00% -339.00% 89.22% -182.00% 48.00% 1400.38% 37.45% 35.00% 107.00% 43.29% 87.00% COGS - Beer % 37.45% 35.00% 107.00% 43.29% 87.00% 35.00% 404.62% 32.16% 30.00% 107.00% 34.43% 93.00% COGS - Liquor % 32.16% 30.00% 107.00% 34.43% 93.00% 30.00% 329.90% -33.00% 19.00% -174.00% -30.53% 108.00% COGS - Wine % -33.00% 19.00% -174.00% -30.53% 108.00% 19.00% 259.91% 0.00% 0.00% 0.00% 0.00% 0.00% COGS - Tobacco % 0.00% 0.00% 0.00% 0.00% 0.00% 70.00% 752.52% 39.38% 39.97% 99.00% 45.96% 86.00% COGS - All Food & Bev 39.38% 39.97% 99.00% 45.96% 86.00% 38.29% 552.41% PAYROLL 30,647 29,987 102% 31,869 96% Gross Payroll - Salaried 30,647 29,987 102% 31,869 96% 373,806 372,363 24,113 20,820 116% 19,571 123% Gross Payroll - Hourly 24,113 20,820 116% 19,571 123% 649,354 609,729 00 0% 0 0% Gross Payroll - Overtime 0 0 0% 0 0% 04 , 3 6 1 2,021 2,021 100% 1,250 162% Gross Payroll - Bonus 2,021 2,021 100% 1,250 162% 24,250 22,271 00 0% 0 0% Lessons 0 0 0% 0 0% 03 , 4 0 0 56,780 52,829 107% 52,690 108% S/T Wages 56,780 52,829 107% 52,690 108% 1,047,410 1,012,124 4,132 4,041 102% 3,997 103% Payroll Tax - FICA 4,132 4,041 102% 3,997 103% 80,127 76,905 2,055 2,366 87% 2,439 84% Payroll Tax - UC 2,055 2,366 87% 2,439 84% 23,508 21,578 1,673 946 177% 1,259 133% Payroll Tax - WC 1,673 946 177% 1,259 133% 19,371 24,909 8,011 8,268 97% 7,259 110% Benefits 8,011 8,268 97% 7,259 110% 106,775 83,568 15,870 15,621 102% 14,954 106% S/T Adders 15,870 15,621 102% 14,954 106% 229,781 206,960 72,650 68,449 106% 67,644 107% TOTAL PAYROLL 72, 650 68,449 106% 67,644 107% 1,277,191 1,219,083 OPERATING EXPENSES 1,311 0 0% 0 0% Chemicals 1,311 0 0% 0 0% 64,100 59,476 00 0% 0 0% Course Accessories 0 0 0% 0 0% 10,000 8,353 05 0 0 0% 0 0% Displays/Fixtures 0 500 0% 0 0% 2,000 1,098 00 0% 0 0% Fungicides 0 0 0% 0 0% 01 2 1 00 0% 0 0% Gas/Oil 0 0 0% 0 0% 41,500 38,183 00 0% 0 0% Kitchen Supplies 0 0 0% 0 0% 01 8 1 00 0% 0 0% Landscape Expense 0 0 0% 0 0% 5,500 5,598 174 167 104% 167 104% Laundry/Linens 174 167 104% 167 104% 4,911 5,122 132 0 0% 0 0% Laundry/Uniforms 132 0 0% 0 0% 15,955 12,724 02 5 0% 0 0% Office Supplies 0 25 0% 0 0% 300 328 Nemadji Summary of All Units For the One Month Ending Saturday, January 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months 598 0 0% 0 0% Propane Gas 598 0 0% 0 0% 01 , 3 1 6 00 0% 0 0% Range Balls 0 0 0% 0 0% 4,000 15,442 00 0% 0 0% Range Equipment 0 0 0% 0 0% 4,000 6,342 00 0% 0 0% Rental Club Expense 0 0 0% 0 0% 07 1 3 00 0% 0 0% Sand/Topdress 0 0 0% 0 0% 30,500 20,562 00 0% 0 0% Scorecards 0 0 0% 0 0% 2,500 2,535 00 0% 0 0% Seeds/Trees 0 0 0% 0 0% 4,750 2,899 2,157 1,425 151% 1,649 131% Supplies 2,157 1,425 151% 1,649 131% 30,750 34,885 460 460 100% 460 100% Cable Tv Expense 460 460 100% 460 100% 5,520 5,515 02 0 0 0% 0 0% Cart Repairs 0 200 0% 0 0% 10,100 7,090 1,953 2,300 85% 2,207 89% Computer Service 1,953 2,300 85% 2,207 89% 20,500 19,993 00 0% 0 0% Handicap Expense 0 0 0% 0 0% 11,100 11,306 00 0% 0 0% Irrigation 0 0 0% 0 0% 26,000 21,359 1,188 4,500 26% 3,497 34% Repair & Maint - Equipment 1,188 4,500 26% 3,497 34% 47,750 39,079 02 , 5 0 0 0% 235 0% Repair & Maint - Building 0 2,500 0% 235 0% 38,250 17,102 219 250 88% 0 0% Security 219 250 88% 0 0% 3,000 4,846 5,244 5,244 100% 5,244 100% Cart Lease 5,244 5,244 100% 5,244 100% 62,928 62,928 00 0% 0 0% Equipment Lease 0 0 0% 0 0% 600 947 190 50 380% 190 100% Equipment Rental 190 50 380% 190 100% 7,600 3,705 1,736 2,125 82% 1,921 90% Utilities - Electric 1,736 2,125 82% 1,921 90% 29,955 26,304 1,158 1,500 77% 1,642 71% Utilities - Gas 1,158 1,500 77% 1,642 71% 7,685 7,428 551 505 109% 505 109% Utilities - Telephone/Fax 551 505 109% 505 109% 6,060 5,698 2,171 500 434% 1,437 151% Utilities - Waste 2,171 500 434% 1,437 151% 14,300 19,282 415 310 134% 306 135% Utilities - Water 415 310 134% 306 135% 59,070 50,720 3,627 2,975 122% 3,354 108% Advertising & Promotion 3,627 2,975 122% 3,354 108% 26,200 24,698 488 365 134% 363 135% Bank Charges 488 365 134% 363 135% 4,295 4,825 80 0% (12) -67% Cash Short/(Over) 8 0 0% (12) -67% 01 9 100 102 98% 100 100% Cell Phone 100 102 98% 100 100% 1,843 1,650 137 300 46% 724 19% Copier/Photocopies 137 300 46% 724 19% 3,600 1,989 3,777 1,650 229% 1,626 232% Credit Card Discounts 3,777 1,650 229% 1,626 232% 92,450 100,939 365 100 365% 85 429% Dues & Subscriptions 365 100 365% 85 429% 5,850 6,561 1,350 800 169% 243 556% Education & Training 1,350 800 169% 243 556% 5,900 6,591 05 0 0 0% 0 0% Employee Procurement 0 500 0% 0 0% 2,000 110 758 1,500 51% 1,434 53% Employee Relations 758 1,500 51% 1,434 53% 3,000 1,370 4,789 4,780 100% 4,886 98% Insurance Expense 4,789 4,780 100% 4,886 98% 59,040 57,835 2,000 2,000 100% 2,000 100% O/S - Accounting 2,000 2,000 100% 2,000 100% 24,000 24,099 282 625 45% 414 68% Payroll Processing Fee 282 625 45% 414 68% 7,500 5,527 07 5 0% 91 0% Postage/Shipping 0 75 0% 91 0% 900 1,015 0( 2 5 ) 0% 0 0% Purchase Discounts 0 (25) 0% 0 0% (1,325) (2,033) 00 0% 0 0% Staff Communications 0 0 0% 0 0% 1,500 2,276 104 65 160% 13 823% Tax/Licenses/Fees 104 65 160% 13 823% 2,630 1,876 00 0% 0 0% Travel - Air 0 0 0% 0 0% 3,800 2,899 00 0% 0 0% Travel - Auto 0 0 0% 0 0% 1,900 1,443 00 0% 0 0% Travel - Hotel 0 0 0% 0 0% 3,000 1,988 00 0% 0 0% Travel - Meals 0 0 0% 0 0% 1,250 741 204 200 102% 231 88% Employee Meals 204 200 102% 231 88% 12,210 11,146 37,642 38,573 98% 35,010 108% TOTAL OPERATING EXPENSES 37,642 38,573 98% 35,010 108% 832,727 776,742 (94,231) (83,609) 113% (79,938) 118% EBITDA (94, 231) (83,609) 113 % (79,938) 118% 330,633 350,123 8,358 8,358 100% 8,115 103% Management Fee 8,358 8,358 100% 8,115 103% 100,547 98,077 8,358 8,358 100% 8,115 103% Management Fees 8,358 8,358 100% 8,115 103% 100,547 98,077 07 , 5 0 0 0% 0 0% Capital Projects 0 7,500 0% 0 0% 15,000 38,107 07 , 5 0 0 0% 0 0% S/T OTHER EXPENSES 0 7,500 0% 0 0% 15,000 38,107 (102,590) (99,467) 103% (88,053) 117% NET INCOME (102,590) (99,467) 103% (88,053) 117% 215,086 213,938 Nemadji Summary of All Units For the One Month Ending Saturday, January 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $0 $0 0% $0 0% Green Fees $0 $0 0% $0 0% $864,515 $858,377 9,832 14,630 67% 14,362 68% Golf Simulator Revenue 9,832 14,630 67% 14,362 68% 58,380 44,469 00 0% 0 0% Annual Pass Revenue 0 0 0% 0 0% 482,030 458,338 9,832 14,630 67% 14,362 68% Total Revenues 9,832 14,630 67% 14,362 68% 1,404,925 1,361,184 9,832 14,630 67% 14,362 68% GROSS MARGIN 9,832 14,630 67% 14,362 68% 1,404,925 1,361,184 PAYROLL 11,710 11,458 102% 13,172 89% Gross Payroll - Salaried 11,710 11,458 102% 13,172 89% 141,281 146,993 4,042 3,777 107% 5,034 80% Gross Payroll - Hourly 4,042 3,777 107% 5,034 80% 205,443 189,563 00 0% 0 0% Gross Payroll - Overtime 0 0 0% 0 0% 02 2 9 667 667 100% 417 160% Gross Payroll - Bonus 667 667 100% 417 160% 8,000 8,250 16,419 15,902 103% 18,622 88% S/T Wages 16,419 15,902 103% 18,622 88% 354,724 345,035 1,157 1,216 95% 1,322 88% Payroll Tax - FICA 1,157 1,216 95% 1,322 88% 27,136 24,886 580 716 81% 788 74% Payroll Tax - UC 580 716 81% 788 74% 8,926 7,704 268 285 94% 351 77% Payroll Tax - WC 268 285 94% 351 77% 6,566 7,171 2,429 2,467 98% 4,053 60% Benefits 2,429 2,467 98% 4,053 60% 30,348 29,444 4,434 4,684 95% 6,514 68% S/T Adders 4,434 4,684 95% 6,514 68% 72,976 69,205 20,853 20,586 101% 25,135 83% TOTAL PAYROLL 20,853 20,586 101% 25,135 83% 427,700 414,240 OPERATING EXPENSES 1,311 0 0% 0 0% Chemicals 1,311 0 0% 0 0% 64,100 59,476 00 0% 0 0% Course Accessories 0 0 0% 0 0% 10,000 8,353 00 0% 0 0% Fungicides 0 0 0% 0 0% 01 2 1 00 0% 0 0% Gas/Oil 0 0 0% 0 0% 41,500 38,183 00 0% 0 0% Landscape Expense 0 0 0% 0 0% 5,500 5,598 132 0 0% 0 0% Laundry/Uniforms 132 0 0% 0 0% 5,955 7,091 598 0 0% 0 0% Propane Gas 598 0 0% 0 0% 01 , 3 1 6 00 0% 0 0% Sand/Topdress 0 0 0% 0 0% 30,500 20,562 00 0% 0 0% Seeds/Trees 0 0 0% 0 0% 4,750 2,899 544 400 136% 296 184% Supplies 544 400 136% 296 184% 10,500 10,273 00 0% 0 0% Irrigation 0 0 0% 0 0% 26,000 21,359 781 3,000 26% 3,114 25% Repair & Maint - Equipment 781 3,000 26% 3,114 25% 24,500 22,490 02 , 0 0 0 0% 0 0% Repair & Maint - Building 0 2,000 0% 0 0% 24,000 4,111 00 0% 0 0% Equipment Rental 0 0 0% 0 0% 5,000 0 1,052 925 114% 921 114% Utilities - Electric 1,052 925 114% 921 114% 16,155 13,088 280 1,500 19% 1,642 17% Utilities - Gas 280 1,500 19% 1,642 17% 7,685 5,651 00 0% 0 0% Utilities - Waste 0 0 0% 0 0% 03 3 9 45 75 61% 72 63% Utilities - Water 45 75 61% 72 63% 53,995 43,816 02 0% 50 0% Cell Phone 0 2 0% 50 0% 643 500 275 0 0% 0 0% Dues & Subscriptions 275 0 0% 0 0% 2,150 2,970 200 300 67% 209 96% Education & Training 200 300 67% 209 96% 5,400 5,141 00 0% 0 0% Staff Communications 0 0 0% 0 0% 1,500 2,276 5,217 8,202 64% 6,303 83% TOTAL OPERATING EXPENSES 5,217 8,202 64% 6,303 83% 339,833 275,613 (16,238) (14,158) 115% (17,077) 95% EBITDA (1 6,238) (14,158) 115% (17,077) 95% 637,391 671,331 (16,238) (14,158) 115% (17,077) 95% NET INCOME (16,238) (14,158) 115% (17,077) 95% 637,391 671,331 Nemadji Course & Grounds For the One Month Ending Saturday, January 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $0 $0 0% $0 0% Cart Fee $0 $0 0% $0 0% $493,000 $480,231 0 0 0% 0 0% Total Revenues 0 0 0% 0 0% 493,000 480,231 0 0 0% 0 0% GROSS MARGIN 0 0 0% 0 0% 493,000 480,231 PAYROLL 00 0% 0 0% Gross Payroll - Hourly 0 0 0% 0 0% 79,513 79,545 00 0% 0 0% Gross Payroll - Overtime 0 0 0% 0 0% 01 7 2 00 0% 0 0% S/T Wages 0 0 0% 0 0% 79,513 79,717 00 0% 0 0% Payroll Tax - FICA 0 0 0% 0 0% 6,083 6,098 00 0% 0 0% Payroll Tax - UC 0 0 0% 0 0% 3,517 3,552 00 0% 0 0% Payroll Tax - WC 0 0 0% 0 0% 1,479 0 00 0% 0 0% S/T Adders 0 0 0% 0 0% 11,079 9,650 0 0 0% 0 0% TOTAL PAYROLL 0 0 0% 0 0% 90,593 89,367 OPERATING EXPENSES 02 0 0 0% 0 0% Cart Repairs 0 200 0% 0 0% 10,100 7,090 5,244 5,244 100% 5,244 100% Cart Lease 5,244 5,244 100% 5,244 100% 62,928 62,928 5,244 5,444 96% 5,244 100% TOTAL OPERATING EXPENSES 5,244 5,444 96% 5,244 100% 73,028 70,018 (5,244) (5,444) 96% (5,244) 100% EBITDA (5,244) (5,444) 96% (5,244) 100% 329,380 320,846 (5,244) (5,444) 96% (5,244) 100% NET INCOME (5,244) (5,444) 96% (5,244) 100% 329,380 320,846 Nemadji Carts For the One Month Ending Saturday, January 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $4 $0 0% $0 0% Range $4 $0 0% $0 0% $114,850 $110,790 4 0 0% 0 0% Total Revenues 4 0 0% 0 0% 114,850 110,790 4 0 0% 0 0% GROSS MARGIN 4 0 0% 0 0% 114,850 110,790 OPERATING EXPENSES 00 0% 0 0% Range Balls 0 0 0% 0 0% 4,000 15,442 00 0% 0 0% Range Equipment 0 0 0% 0 0% 4,000 6,342 00 0% 0 0% Supplies 0 0 0% 0 0% 1,250 394 00 0 % 0 0 % TOTAL OPERATING EXPENSES 0 0 0% 0 0% 9,250 22,177 4 0 0% 0 0% EBITDA 4 0 0% 0 0% 105,600 88,613 4 0 0% 0 0% NET INCOME 4 0 0% 0 0% 105,600 88,613 Nemadji Range For the One Month Ending Saturday, January 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $4,636 $7,500 62% $7,030 66% Food $4,636 $7,500 62% $7,030 66% $192,000 $177,055 520 550 95% 565 92% Beverage 520 550 95% 565 92% 46,350 42,273 2,371 2,900 82% 2,829 84% Beer 2,371 2,900 82% 2,829 84% 169,500 166,348 1,106 1,250 89% 1,211 91% Liquor 1,106 1,250 89% 1,211 91% 94,775 94,664 15 15 100% 15 100% Wine 15 15 100% 15 100% 2,120 2,000 00 0% 0 0% Tobacco 0 0 0% 0 0% 900 1,106 8,649 12,215 71% 11,651 74% Total Revenues 8,649 12,215 71% 11,651 74% 505,645 483,446 COST OF GOODS SOLD 2,831 3,225 88% 2,634 107% COGS - Food 2,831 3,225 88% 2,634 107% 82,560 70,088 (846) 264 -321% 504 -168% COGS - Beverage (846) 264 -321% 504 -168% 22,248 34,186 888 1,015 87% 1,225 72% COGS - Beer 888 1,015 87% 1,225 72% 59,325 56,339 356 375 95% 417 85% COGS - Liquor 356 375 95% 417 85% 28,433 27,292 (5) 3 -174% (5) 108% COGS - Wine (5) 3 -174% (5) 108% 403 422 15 0 0% 0 0% COGS - Tobacco 15 0 0% 0 0% 630 948 168 0 0% 579 29% COGS - Waste 168 0 0% 579 29% 01 , 8 0 2 3,406 4,882 70% 5,354 64% Total COGS 3,406 4,882 70% 5,354 64% 193,598 191,078 5,243 7,333 71% 6,296 83% GROSS MARGIN 5,243 7,333 71% 6,296 83% 312,047 292,369 61.06% 43.00% 142.00% 37.46% 163.00% COGS - Food % 61.06% 43.00% 142.00% 37.46% 163.00% 43.00% 546.90% -162.65% 48.00% -339.00% 89.22% -182.00% COGS - Beverage % -162.65% 48.00% -339.00% 89.22% -182.00% 48.00% 1400.38% 37.45% 35.00% 107.00% 43.29% 87.00% COGS - Beer % 37.45% 35.00% 107.00% 43.29% 87.00% 35.00% 404.62% 32.16% 30.00% 107.00% 34.43% 93.00% COGS - Liquor % 32.16% 30.00% 107.00% 34.43% 93.00% 30.00% 329.90% -33.00% 19.00% -174.00% -30.53% 108.00% COGS - Wine % -33.00% 19.00% -174.00% -30.53% 108.00% 19.00% 259.91% 0.00% 0.00% 0.00% 0.00% 0.00% COGS - Tobacco % 0.00% 0.00% 0.00% 0.00% 0.00% 70.00% 752.52% 39.38% 39.97% 99.00% 45.96% 86.00% COGS - All Food & Bev 39.38% 39.97% 99.00% 45.96% 86.00% 38.29% 552.41% PAYROLL 4,978 4,871 102% 4,928 101% Gross Payroll - Salaried 4,978 4,871 102% 4,928 101% 60,100 59,145 11,975 10,153 118% 10,224 117% Gross Payroll - Hourly 11,975 10,153 118% 10,224 117% 199,412 195,643 00 0% 0 0% Gross Payroll - Overtime 0 0 0% 0 0% 04 5 240 240 100% 208 115% Gross Payroll - Bonus 240 240 100% 208 115% 2,875 2,106 17,192 15,263 113% 15,361 112% S/T Wages 17,192 15,263 113% 15,361 112% 262,387 256,939 1,299 1,168 111% 1,215 107% Payroll Tax - FICA 1,299 1,168 111% 1,215 107% 20,073 21,556 657 687 96% 724 91% Payroll Tax - UC 657 687 96% 724 91% 5,218 6,000 767 273 281% 498 154% Payroll Tax - WC 767 273 281% 498 154% 4,849 9,826 2,118 2,905 73% 1,571 135% Benefits 2,118 2,905 73% 1,571 135% 40,685 24,766 4,841 5,032 96% 4,009 121% S/T Adders 4,841 5,032 96% 4,009 121% 70,824 62,147 22,033 20,295 109% 19,370 114% TOTAL PAYROLL 22,033 20,295 109% 19,370 114% 333,211 319,086 OPERATING EXPENSES 00 0% 0 0% Kitchen Supplies 0 0 0% 0 0% 01 8 1 174 167 104% 167 104% Laundry/Linens 174 167 104% 167 104% 4,911 5,122 00 0% 0 0% Laundry/Uniforms 0 0 0% 0 0% 4,000 2,178 835 800 104% 660 127% Supplies 835 800 104% 660 127% 16,400 19,527 407 1,000 41% 384 106% Repair & Maint - Equipment 407 1,000 41% 384 106% 9,000 6,515 00 0% 0 0% Equipment Lease 0 0 0% 0 0% 600 947 190 0 0% 0 0% Equipment Rental 190 0 0% 0 0% 2,000 1,273 00 0% 0 0% Dues & Subscriptions 0 0 0% 0 0% 600 540 73 40 183% 1 6698% Tax/Licenses/Fees 73 40 183% 1 6698% 480 314 1,679 2,007 84% 1,211 139% TOTAL OPERATING EXPENSES 1,679 2,007 84% 1,211 139% 37,991 36,596 (18,470) (14,969) 123% (14,285) 129% EBITDA (18,470) (14,969) 123% (14,285) 129% (59,156) (63,314) (18,470) (14,969) 123% (14,285) 129% NET INCOME (18,470) (14,969) 123% (14,285) 129% (59,156) (63,314) Nemadji F & B Ala Carte For the One Month Ending Saturday, January 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $3,411 $3,350 102% $6,675 51% Merchandise $3,411 $3,350 102% $6,675 51% $284,850 $266,511 00 0% 0 0% Handicap Fee 0 0 0% 0 0% 9,200 8,658 02 0 0 0% 0 0% Lessons 0 200 0% 0 0% 6,800 4,220 00 0% 0 0% Other Pro Shop Revenue 0 0 0% 0 0% 150 205 00 0% 0 0% Pull Cart Rental 0 0 0% 0 0% 3,100 2,705 90 0% 0 0% Rental Clubs 9 0 0% 0 0% 3,000 2,913 24 50 48% 56 43% Club Repair 24 50 48% 56 43% 2,475 2,024 3,445 3,600 96% 6,731 51% Total Revenues 3,445 3,600 96% 6,731 51% 309,575 287,235 COST OF GOODS SOLD 2,463 2,150 115% 4,673 53% COGS - Merchandise 2,463 2,150 115% 4,673 53% 193,845 185,860 2,463 2,150 115% 4,673 53% Total COGS 2,463 2,150 115% 4,673 53% 193,845 185,860 982 1,450 68% 2,058 48% GROSS MARGIN 982 1,450 68% 2,058 48% 115,730 101,375 72.21% 64.18% 113.00% 70.01% 103.00% COGS - Merchandise % 72.21% 64.18% 113.00% 70.01% 103.00% 68.05% 903.70% PAYROLL 8,096 6,891 117% 4,314 188% Gross Payroll - Hourly 8,096 6,891 117% 4,314 188% 155,517 139,754 00 0% 0 0% Gross Payroll - Overtime 0 0 0% 0 0% 03 , 9 1 6 281 281 100% 0 0% Gross Payroll - Bonus 281 281 100% 0 0% 3,375 2,206 00 0% 0 0% Lessons 0 0 0% 0 0% 03 , 4 0 0 8,377 7,172 117% 4,314 194% S/T Wages 8,377 7,172 117% 4,314 194% 158,892 149,276 596 549 109% 306 195% Payroll Tax - FICA 596 549 109% 306 195% 12,155 10,826 307 323 95% 200 154% Payroll Tax - UC 307 323 95% 200 154% 3,809 3,123 397 128 309% 86 459% Payroll Tax - WC 397 128 309% 86 459% 2,940 4,787 1,178 1,407 84% 642 183% Benefits 1,178 1,407 84% 642 183% 17,417 12,645 2,478 2,406 103% 1,234 201% S/T Adders 2,478 2,406 103% 1,234 201% 36,321 31,380 10,855 9,578 113% 5,548 196% TOTAL PAYROLL 10,855 9,578 113% 5,548 196% 195,213 180,657 OPERATING EXPENSES 05 0 0 0% 0 0% Displays/Fixtures 0 500 0% 0 0% 2,000 1,016 00 0% 0 0% Laundry/Uniforms 0 0 0% 0 0% 5,250 3,390 00 0% 0 0% Rental Club Expense 0 0 0% 0 0% 07 1 3 00 0% 0 0% Scorecards 0 0 0% 0 0% 2,500 2,535 778 150 519% 634 123% Supplies 778 150 519% 634 123% 1,700 3,063 00 0% 0 0% Handicap Expense 0 0 0% 0 0% 11,100 11,306 80 0% (12) -67% Cash Short/(Over) 8 0 0% (12) -67% 01 9 786 650 121% 623 126% TOTAL OPERATING EXPENSES 786 650 121% 623 126% 22,550 22,042 (10,659) (8,778) 121% (4,113) 259% EBITDA (10,659) (8,778) 121% (4,113) 259% (102,033) (101,324) (10,659) (8,778) 121% (4,113) 259% N ET INCOME (10,659) (8,778) 121% (4,113) 259% (102,033) (101,324) Nemadji Golf Shop For the One Month Ending Saturday, January 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months PAYROLL $9,121 $8,925 102% $9,063 101% Gross Payroll - Salaried $9,121 $8,925 102% $9,063 101% $110,125 $107,435 00 0% 0 0% Gross Payroll - Hourly 0 0 0% 0 0% 9,468 5,223 417 417 100% 417 100% Gross Payroll - Bonus 417 417 100% 417 100% 5,000 5,000 9,538 9,342 102% 9,480 101% S/T Wages 9,538 9,342 102% 9,480 101% 124,594 117,658 704 715 98% 753 93% Payroll Tax - FICA 704 715 98% 753 93% 9,531 8,782 327 409 80% 413 79% Payroll Tax - UC 327 409 80% 413 79% 1,224 741 155 167 93% 214 72% Payroll Tax - WC 155 167 93% 214 72% 2,297 1,971 1,054 801 132% 980 107% Benefits 1,054 801 132% 980 107% 9,851 10,848 2,239 2,091 107% 2,361 95% S/T Adders 2,239 2,091 107% 2,361 95% 22,904 22,342 11,777 11,433 103% 11,841 99% TOTAL PAYROLL 11,777 11,433 103% 11,841 99% 147,498 140,000 OPERATING EXPENSES 00 0% 0 0% Displays/Fixtures 0 0 0% 0 0% 08 2 00 0% 0 0% Laundry/Uniforms 0 0 0% 0 0% 750 66 02 5 0% 0 0% Office Supplies 0 25 0% 0 0% 300 328 05 0 0% 0 0% Supplies 0 50 0% 0 0% 600 1,478 460 460 100% 460 100% Cable Tv Expense 460 460 100% 460 100% 5,520 5,515 1,953 2,300 85% 2,207 89% Computer Service 1,953 2,300 85% 2,207 89% 20,500 19,993 05 0 0 0% 0 0% Repair & Maint - Equipment 0 500 0% 0 0% 14,250 10,074 05 0 0 0% 235 0% Repair & Maint - Building 0 500 0% 235 0% 14,250 12,991 219 250 88% 0 0% Security 219 250 88% 0 0% 3,000 4,846 05 0 0% 190 0% Equipment Rental 0 50 0% 190 0% 600 2,433 684 1,200 57% 1,000 68% Utilities - Electric 684 1,200 57% 1,000 68% 13,800 13,216 878 0 0% 0 0% Utilities - Gas 878 0 0% 0 0% 01 , 7 7 8 551 505 109% 505 109% Utilities - Telephone/Fax 551 505 109% 505 109% 6,060 5,698 2,171 500 434% 1,437 151% Utilities - Waste 2,171 500 434% 1,437 151% 14,300 18,943 369 235 157% 234 158% Utilities - Water 369 235 157% 234 158% 5,075 6,904 488 365 134% 363 135% Bank Charges 488 365 134% 363 135% 4,295 4,825 100 100 100% 50 200% Cell Phone 100 100 100% 50 200% 1,200 1,150 137 300 46% 724 19% Copier/Photocopies 137 300 46% 724 19% 3,600 1,989 3,777 1,650 229% 1,626 232% Credit Card Discounts 3,777 1,650 229% 1,626 232% 92,450 100,939 90 100 90% 85 106% Dues & Subscriptions 90 100 90% 85 106% 3,100 3,051 1,150 500 230% 34 3354% Education & Training 1,150 500 230% 34 3354% 500 1,450 05 0 0 0% 0 0% Employee Procurement 0 500 0% 0 0% 2,000 110 758 1,500 51% 1,434 53% Employee Relations 758 1,500 51% 1,434 53% 3,000 1,370 4,789 4,780 100% 4,886 98% Insurance Expense 4,789 4,780 100% 4,886 98% 59,040 57,835 2,000 2,000 100% 2,000 100% O/S - Accounting 2,000 2,000 100% 2,000 100% 24,000 24,099 282 625 45% 414 68% Payroll Processing Fee 282 625 45% 414 68% 7,500 5,527 07 5 0% 91 0% Postage/Shipping 0 75 0% 91 0% 900 1,015 0( 2 5 ) 0% 0 0% Purchase Discounts 0 (25) 0% 0 0% (1,325) (2,033) 31 25 124% 12 268% Tax/Licenses/Fees 31 25 124% 12 268% 2,150 1,562 00 0% 0 0% Travel - Air 0 0 0% 0 0% 3,800 2,899 00 0% 0 0% Travel - Auto 0 0 0% 0 0% 1,900 1,443 00 0% 0 0% Travel - Hotel 0 0 0% 0 0% 3,000 1,988 00 0% 0 0% Travel - Meals 0 0 0% 0 0% 1,250 741 204 200 102% 231 88% Employee Meals 204 200 102% 231 88% 12,210 11,146 21,090 19,270 109% 18,216 116% TOTAL OPERATING EXPENSES 21,090 19,270 109% 18,216 116% 323,575 325,450 (32,867) (30,703) 107% (30,057) 109% EBITDA (32,867) (30,703) 107% (30,057) 109% (471,073) (465,449) 8,358 8,358 100% 8,115 103% Management Fee 8,358 8,358 100% 8,115 103% 100,547 98,077 8,358 8,358 100% 8,115 103% Management Fees 8,358 8,358 100% 8,115 103% 100,547 98,077 07 , 5 0 0 0% 0 0% Capital Projects 0 7,500 0% 0 0% 15,000 38,107 07 , 5 0 0 0% 0 0% S/T OTHER EXPENSES 0 7,500 0% 0 0% 15,000 38,107 (41,225) (46,561) 89% (38,172) 108% NET INCOME (41,225) (46,561) 89% (38,172) 108% (586,620) (601,634) Nemadji G & A For the One Month Ending Saturday, January 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months PAYROLL $4,837 $4,733 102% $4,705 103% Gross Payroll - Salaried $4,837 $4,733 102% $4,705 103% $62,300 $58,790 417 417 100% 208 200% Gross Payroll - Bonus 417 417 100% 208 200% 5,000 4,708 5,254 5,150 102% 4,914 107% S/T Wages 5,254 5,150 102% 4,914 107% 67,300 63,499 377 394 96% 401 94% Payroll Tax - FICA 377 394 96% 401 94% 5,148 4,757 183 232 79% 314 58% Payroll Tax - UC 183 232 79% 314 58% 813 459 86 92 93% 109 79% Payroll Tax - WC 86 92 93% 109 79% 1,240 1,154 1,232 689 179% 13 9813% Benefits 1,232 689 179% 13 9813% 8,475 5,865 1,878 1,407 133% 836 225% S/T Adders 1,878 1,407 133% 836 225% 15,676 12,235 7,132 6,557 109% 5,750 124% TOTAL PAYROLL 7,132 6,557 109% 5,750 124% 82,976 75,733 OPERATING EXPENSES 02 5 0% 59 0% Supplies 0 25 0% 59 0% 300 148 3,627 2,975 122% 3,354 108% Advertising & Promotion 3,627 2,975 122% 3,354 108% 26,200 24,698 3,627 3,000 121% 3,413 106% TOTAL OPERATING EXPENSES 3,627 3,000 121% 3,413 106% 26,500 24,846 (10,758) (9,557) 113% (9,163) 117% EBITDA (10,758) (9,557) 113% (9,163) 117% (109,476) (100,580) (10,758) (9,557) 113% (9,163) 117% N ET INCOME (10,758) (9,557) 113% (9,163) 117% (109,476) (100,580) Nemadji Marketing For the One Month Ending Saturday, January 31, 2026 Check # Check Date Vendor Name Transaction Amount Fund Description Division Description Account Description Project Description 01 Description 02 621187 10/03/2025 1ST AYD CORPORATION 162.88$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SUPP-MISC SAFETY MAINTENANCE GLOVES 621187 10/03/2025 1ST AYD CORPORATION 162.87$ STORMWATER UTILITY FUND UTILITIES RPR & MNT SUPP-MISC SAFETY MAINTENANCE GLOVES 621077 10/03/2025 ACME TOOLS 172.82$ WASTEWATER TREATMENT PLNT UTILITIES RPR/MNT SVC-MACH/EQ-CO SY COLLECTION TOOL REPAIR 621077 10/03/2025 ACME TOOLS 172.82$ STORMWATER UTILITY FUND UTILITIES RPR/MNT SVC-MACH/EQ-CO SY COLLECTION TOOL REPAIR 621403 10/31/2025 ACME TOOLS 1,699.00$ GENERAL FUND BUILDINGS & GROUNDS OPERATING SUPP-OTHER MISC B&G SUPPLIES GRADE LASER 621207 10/17/2025 ADAM SWANSON 2,500.00$ WASTEWATER TREATMENT PLNT UTILITIES OPERATING SUPP-OTHER MISC WW2025 WW PROCESS MURAL 621208 10/17/2025 ADMAX DISPLAYS INC 150.00$ Public Museum PARKS PUBS, SUBS, DUES CANAL PARK KIOSK 2025 SEASON 5 OF 6 INV SEPTMBR 621505 11/07/2025 ADMAX DISPLAYS INC 1,667.00$ GENERAL FUND PLANNING MISC CONTRACTUAL SVCS POSITIVELY SUPERIOR AUGUST/SEPTEMBER 621078 10/03/2025 ADVANTAGE AIR HEATING AND COOLING 150.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR/MNT SVC-OTHR MISC-CS SFCP SFCP 2034,MATSON,909 E 4 TELEVISING 621506 11/07/2025 AEROMAT PLASTICS INC 930.82$ WASTEWATER TREATMENT PLNT UTILITIES RPR/MNT SUPP-MP PIPING TRNSFR RM CIRC PMP SPACER 621404 10/31/2025 AIRGAS USA, LLC 378.20$ GENERAL FUND FIRE DEPARTMENT MEDICAL 11 02, 3 HYDROTEST, 1 CYL RETEST & VALVE 621404 10/31/2025 AIRGAS USA, LLC 39.98$ GENERAL FUND FIRE DEPARTMENT MEDICAL 14 CYL MED O2 PICKUP 621209 10/17/2025 AKERVIK MOBILE HOME SERVICE 12,320.00$ AFFORDABLE HOUSING FUND PLANNING MISC CONTRACTUAL SVCS DTMHP DTMHP 2 TRAILER MOVE TEARDOWN/SETUP 621405 10/31/2025 ALL CITY ELEVATOR, INC. 468.56$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-BUILDINGS ELEVATOR MNTNC CONTRACT 621291 10/27/2025 ALLSTATE PETERBILT-SUPERIOR/DULUTH 794.94$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS AD/IP CARTRIDGES PO #P13622 621291 10/27/2025 ALLSTATE PETERBILT-SUPERIOR/DULUTH (375.00)$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS CORE PO #P13622 621283 10/21/2025 ALUM-LINE INC 46,038.00$ CAPITAL IMPROVEMENT FUND FIRE DEPARTMENT CAPITAL EQUIPMENT RESCUE BODY 621507 11/07/2025 AMAZON 135.97$ POLICE GRANT & LIAISON FD POLICE DEPARTMENT OTHER CONTR SVCS-MISC 19183 TRAILER&CONNECTER 621507 11/07/2025 AMAZON 151.99$ CAPITAL IMPROVEMENT FUND CAPITAL EQUIPMENT CAPITAL EQUIPMENT TOOL BOX FOR KNUCKLE BOOM LOADER 621507 11/07/2025 AMAZON (139.98)$ GENERAL FUND POLICE DEPARTMENT OFFICE SUPPLIES CASE DISPLAY 621507 11/07/2025 AMAZON 246.95$ GENERAL FUND HWY & STREET MAINT & CONS OFFICE SUPPLIES PUMP/BATT/OFF SUP/CART LF/SIGN/STREET/CEA 621507 11/07/2025 AMAZON 37.99$ FIRE DEPARTMENT PPP FUND FIRE DEPARTMENT OTHER SUPPLIES & EXPENSE ISORED CPR TRAINING VALVES 621507 11/07/2025 AMAZON 59.99$ CAPITAL IMPROVEMENT FUND PARKS CAPITAL IMPROVEMENTS ARPASP GARDEN STAKES INSTALLER FOR SKATE PARK 621507 11/07/2025 AMAZON (158.10)$ POLICE GRANT & LIAISON FD POLICE DEPARTMENT OPERATING SUPP-OTHER MISC ESAC DUTY HOLSTER 621507 11/07/2025 AMAZON 397.65$ GENERAL FUND SHOP OPERATIONS OPERATING SUPP-OTHER MISC PUMP/BATT/OFF SUP/CART LF/SIGN/STREET/CEA 621507 11/07/2025 AMAZON 128.08$ Public Museum PARKS SPECIAL EVENTS FAIRLA FAIRLA HOLIDAY DECORATIONS 621507 11/07/2025 AMAZON 878.45$ LIBRARY SPEC REV FUND LIBRARY OTHER EXP-PRINT/DIGITAL PRINT 621507 11/07/2025 AMAZON 142.07$ GENERAL FUND BUILDING INSPECTION OPER SUPP-MISC OPERATION SUPPLIES SAFETY VESTS & KEY TAGS 621507 11/07/2025 AMAZON 800.02$ LANDFILL FUND SOLID WASTE DISPOSAL OPERATING SUPP-OTHER MISC SAFETY SUPPLIES 621507 11/07/2025 AMAZON 44.36$ GENERAL FUND FIRE DEPARTMENT RPR & MNT SUPP-VEHIC PRTS WRENCH, SILICONE SEALANT, TRAILER CRANK 621507 11/07/2025 AMAZON 29.37$ GENERAL FUND SHOP OPERATIONS OFFICE SUPPLIES PUMP/BATT/OFF SUP/CART LF/SIGN/STREET/CEA 621507 11/07/2025 AMAZON 61.98$ GENERAL FUND PARKS OPERATING SUPP-OTHER MISC ADOPT GRABBER TOOL 621507 11/07/2025 AMAZON 329.85$ GENERAL FUND POLICE DEPARTMENT OTHER SUPPLIES & EXPENSE BENCH,SWEATER,LIGHTS 621507 11/07/2025 AMAZON 471.73$ Public Museum PARKS OFFICE SUPPLIES FAIRLA FAIRLAWN CLEANING SUPPLIE MAT,ROPES,STORAGE,ENVEL 621507 11/07/2025 AMAZON 136.19$ GENERAL FUND FIRE DEPARTMENT OFFICE SUPPLIES TONER, PENS, LEGAL PADS, PENCILS 621507 11/07/2025 AMAZON 20.30$ GENERAL FUND CITY ATTORNEY OFFICE SUPPLIES OFFICE SUPPLIES CALCULATOR/DRY ERASE MRK 621507 11/07/2025 AMAZON 359.79$ LIBRARY SPEC REV FUND LIBRARY OTHER SUPPLIES & EXPENSE SUPPLIES 621507 11/07/2025 AMAZON 131.78$ GENERAL FUND ELECTIONS OFFICE SUPPLIES FOAM BOARD TRIFOLD 621507 11/07/2025 AMAZON 59.89$ Public Museum PARKS OPERATING SUPP-OTHER MISC ADMIN PROJECTOR SCREEN 621507 11/07/2025 AMAZON 279.92$ GENERAL FUND POLICE DEPARTMENT OFFICE SUPPLIES PAPER.FOLDERS,BOARD 621507 11/07/2025 AMAZON (1,512.00)$ GENERAL FUND BUILDINGS & GROUNDS OPERATING SUPP-OTHER MISC RETURN LASER 621507 11/07/2025 AMAZON 220.69$ GENERAL FUND CITY CLERK OFFICE SUPPLIES GLOVES,MASKS,KLEENEX, WEBCAM,FILE FOLDERS 621507 11/07/2025 AMAZON 89.99$ GENERAL FUND TRAFFIC SIGNALS & SIGNS OPERATING SUPP-OTHER MISC PUMP/BATT/OFF SUP/CART LF/SIGN/STREET/CEA 621507 11/07/2025 AMAZON 3,128.84$ POLICE GRANT & LIAISON FD POLICE DEPARTMENT OPERATING SUPP-OTHER MISC ESAC DRONE,HOLSTERS 621507 11/07/2025 AMAZON 219.98$ GENERAL FUND PARKS OPERATING SUPP-OTHER MISC SKI TRAIL TEST LIGHT 621507 11/07/2025 AMAZON 46.25$ GENERAL FUND FIRE DEPARTMENT OPERATING SUPP-OTHER MISC GARAGE DOOR REMOTE MESH BAGS 621507 11/07/2025 AMAZON 209.99$ LANDFILL FUND SOLID WASTE DISPOSAL RPR & MNT SUPP-MACH/EQUIP PUMP/BATT/OFF SUP/CART LF/SIGN/STREET/CEA Check Register for Period 10 of 2025 1 of 22 Check # Check Date Vendor Name Transaction Amount Fund Description Division Description Account Description Project Description 01 Description 02 621507 11/07/2025 AMAZON 9.89$ GENERAL FUND FIRE DEPARTMENT OTHER SUPPLIES & EXPENSE PLANT STAND SFD LOBBY 621507 11/07/2025 AMAZON 134.15$ GENERAL FUND POLICE DEPARTMENT OPERATING SUPP-OTHER MISC MEDICAL SUPPLIES 621507 11/07/2025 AMAZON 11.88$ Public Museum PARKS COLLECTIONS FAIRLA FAIRLA ARCHIVAL GLOVES 621507 11/07/2025 AMAZON (12.80)$ LIBRARY SPEC REV FUND LIBRARY OTHER EXP-PRINT/DIGITAL CREDIT MEMO 621508 11/07/2025 AMAZON 32.98$ WASTEWATER TREATMENT PLNT UTILITIES OPERATING SUPP-JANITORIAL JANITORIAL INVENTORY OCT 621508 11/07/2025 AMAZON 35.50$ STORMWATER UTILITY FUND UTILITIES OPERATING SUPP-OTHER MISC PEIR BUTTON MAKING CIRCLE CUT 621508 11/07/2025 AMAZON 125.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR/MNT SUPP-CS VEH PRTS NEW EV UNIT433 FLOOR MATS 621508 11/07/2025 AMAZON 118.11$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SUPP-MACH/EQUIP MAINTENANCE SUPPLIES 621508 11/07/2025 AMAZON 30.50$ WASTEWATER TREATMENT PLNT UTILITIES OPERATING SUPP-OTHER MISC PEIR BUTTON MAKING SUPPLIES 621508 11/07/2025 AMAZON 11.03$ WASTEWATER TREATMENT PLNT UTILITIES OFFICE SUPPLIES JANITORIAL INVENTORY OCT 621508 11/07/2025 AMAZON 56.98$ STORMWATER UTILITY FUND UTILITIES RPR & MNT SUPP-MACH/EQUIP PEIR ADOPT A STORMDRAIN SUPPLY 621508 11/07/2025 AMAZON 124.99$ STORMWATER UTILITY FUND UTILITIES RPR/MNT SUPP-CS VEH PRTS NEW EV UNIT433 FLOOR MATS 621508 11/07/2025 AMAZON 124.99$ STORMWATER UTILITY FUND UTILITIES RPR & MNT SUPP-VEHIC PRTS NEW EV UNIT404 FLOOR MATS 621508 11/07/2025 AMAZON 239.19$ WASTEWATER TREATMENT PLNT UTILITIES TRAVEL & TRAINING VIDEO BAR FOR TRAINING 621508 11/07/2025 AMAZON 28.00$ WASTEWATER TREATMENT PLNT UTILITIES OFFICE SUPPLIES NEW PHONE SYSETM SUPPLIES 621508 11/07/2025 AMAZON 11.02$ STORMWATER UTILITY FUND UTILITIES OFFICE SUPPLIES JANITORIAL INVENTORY OCT 621508 11/07/2025 AMAZON 32.98$ STORMWATER UTILITY FUND UTILITIES OPERATING SUPP-JANITORIAL JANITORIAL INVENTORY OCT 621508 11/07/2025 AMAZON 265.95$ STORMWATER UTILITY FUND UTILITIES RPR & MNT SUPP-MACH/EQUIP NEW PHONE SYSETM SUPPLIES 621508 11/07/2025 AMAZON 28.00$ STORMWATER UTILITY FUND UTILITIES OFFICE SUPPLIES NEW PHONE SYSETM SUPPLIES 621508 11/07/2025 AMAZON 265.95$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SUPP-MACH/EQUIP NEW PHONE SYSETM SUPPLIES 621508 11/07/2025 AMAZON 30.48$ STORMWATER UTILITY FUND UTILITIES OPERATING SUPP-OTHER MISC PEIR BUTTON MAKING SUPPLIES 621508 11/07/2025 AMAZON 239.19$ STORMWATER UTILITY FUND UTILITIES TRAVEL & TRAINING VIDEO BAR FOR TRAINING 621508 11/07/2025 AMAZON 35.49$ WASTEWATER TREATMENT PLNT UTILITIES OPERATING SUPP-OTHER MISC PEIR BUTTON MACHINE CIRCLE CUT 621508 11/07/2025 AMAZON 125.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SUPP-VEHIC PRTS NEW EV UNIT404 FLOOR MATS 621508 11/07/2025 AMAZON 34.61$ STORMWATER UTILITY FUND UTILITIES OFFICE SUPPLIES OFFICE INVENTORY OCT 621508 11/07/2025 AMAZON 34.62$ WASTEWATER TREATMENT PLNT UTILITIES OFFICE SUPPLIES OFFICE INVENTORY OCT 621189 10/06/2025 AMI CONSULTING ENGINEERS, P.A. 11,100.00$ CAPITAL IMPROVEMENT FUND BUILDINGS & GROUNDS CAPITAL IMPROVEMENTS SSMETE SS METEOR INSPECTION AND DESIGN PHASE 621189 10/06/2025 AMI CONSULTING ENGINEERS, P.A. 4,000.00$ CAPITAL IMPROVEMENT FUND BUILDINGS & GROUNDS CAPITAL IMPROVEMENTS SSMETE SS METEOR DESIGN PHASE 621190 10/06/2025 ANDERSEN, THOMAS 2,250.00$ GENERAL FUND FINANCE OTHR CONTRAC SVCS-MISC INTERNAL AUDITOR SEP 2025 621406 10/31/2025 ANNDREA PLOEGER 59.60$ SELF INSURED HEALTH FUND FINANCE OTHER SUPPLIES & EXPENSE WELNES 20 AIR PLANTS 621512 11/07/2025 APX INC 8,350.88$ LANDFILL FUND SOLID WASTE DISPOSAL OTHER CONTRAC SVCS-MISC ISSUANCE FEE 621512 11/07/2025 APX INC 500.00$ LANDFILL FUND SOLID WASTE DISPOSAL OTHER CONTRAC SVCS-MISC ACCT MAINT FEES 621079 10/03/2025 ARROWHEAD CONCRETE WORKS INC 764.00$ STORMWATER UTILITY FUND UTILITIES RPR/MNT SUPP-PIPNG-CO SY CB REHAB N 8TH/JOHN 621079 10/03/2025 ARROWHEAD CONCRETE WORKS INC 359.00$ STORMWATER UTILITY FUND UTILITIES RPR/MNT SUPP-PIPNG-CO SY CB AND PIPE INSTALL 621292 10/27/2025 ARROWHEAD CONCRETE WORKS INC 948.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR/MNT SUPP-PIPNG-CO SY INLET REPAIR CNCRT 20TH BETWEEN WI&NEW YORK 621292 10/27/2025 ARROWHEAD CONCRETE WORKS INC 1,020.00$ GENERAL FUND BUILDINGS & GROUNDS OPERATING SUPP-OTHER MISC WEBSTER PARK CONCRETE & FIBER REINFORC 621292 10/27/2025 ARROWHEAD CONCRETE WORKS INC 708.00$ CAPITAL IMPROVEMENT FUND PARKS CAPITAL EQUIPMENT ARPASP SKATE PARK/ARPA FUNDS CONCRETE DELIVERED 621292 10/27/2025 ARROWHEAD CONCRETE WORKS INC 405.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR/MNT SUPP-PIPNG-CO SY INLET REHAB CNCRT 62ND BETWEEN BANKS&OAKES 621292 10/27/2025 ARROWHEAD CONCRETE WORKS INC 635.00$ GENERAL FUND BUILDINGS & GROUNDS OPERATING SUPP-OTHER MISC B&G SUPPLIES CEMENT DELIVERY 621292 10/27/2025 ARROWHEAD CONCRETE WORKS INC 1,604.00$ GENERAL FUND BUILDINGS & GROUNDS OPERATING SUPP-OTHER MISC WEBSTER PARK CONCRETE 621292 10/27/2025 ARROWHEAD CONCRETE WORKS INC 1,086.00$ STORMWATER UTILITY FUND UTILITIES RPR/MNT SUPP-PIPNG-CO SY CB REHAB CNCRT 28TH ST 621292 10/27/2025 ARROWHEAD CONCRETE WORKS INC 526.00$ GENERAL FUND BUILDINGS & GROUNDS OPERATING SUPP-OTHER MISC CENTRAL PARK CONCRETE 621407 10/31/2025 ARROWHEAD EMERGENCY MEDICAL SVCS 85.00$ GENERAL FUND FIRE DEPARTMENT PUBS, SUBS, DUES ANNUAL DUES 10/1/25-9/30/ 26 621513 11/07/2025 ARROWHEAD PRINTING INC 536.43$ WASTEWATER TREATMENT PLNT UTILITIES PUBS, SUBS, DUES FOG STICKERS 621513 11/07/2025 ARROWHEAD PRINTING INC 55.00$ GENERAL FUND PLANNING OFFICE SUPPLIES BUSINESS CARDS A. GRANLUND 621513 11/07/2025 ARROWHEAD PRINTING INC 56.25$ GENERAL FUND PARKS OPERATING SUPP-OTHER MISC PARKS & REC. POSTERS 621513 11/07/2025 ARROWHEAD PRINTING INC 116.17$ GENERAL FUND PARKS SPECIAL EVENTS EVENTS HALLOWEEN EVENT POSTERS 621293 10/27/2025 ASCENDENCE TRUCKS CENTRAL LLC 739.19$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS GSKT/BOLT SPR/WASH/CAP PO #P13613 2 of 22 Check # Check Date Vendor Name Transaction Amount Fund Description Division Description Account Description Project Description 01 Description 02 621293 10/27/2025 ASCENDENCE TRUCKS CENTRAL LLC 455.90$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS PIN YOKE, PIN KIT PO #P13613 621514 11/07/2025 ASPECT ELECTRICAL ENGINEERING & SRV 11,820.00$ LANDFILL FUND SOLID WASTE DISPOSAL OTHER CONTRAC SVCS-MISC FLARE CONTROLS UPGRADE 621210 10/17/2025 ASPIRUS MEDICAL GROUP INC 988.00$ GENERAL FUND HUMAN RESOURCES PROF SERVICES - OTHER EMPLOYEE PHYSICALS 621210 10/17/2025 ASPIRUS MEDICAL GROUP INC 1,088.00$ GENERAL FUND HUMAN RESOURCES PROF SERVICES - OTHER EMPLOYEE PHYSICAL 621080 10/03/2025 AT&T MOBILITY 460.84$ STORMWATER UTILITY FUND UTILITIES UTILITIES-TELEPHONE CELLPHONES.DEVICES8/7-9/3 621080 10/03/2025 AT&T MOBILITY 460.84$ WASTEWATER TREATMENT PLNT UTILITIES UTILITIES-TELEPHONE CELLPHONES.DEVICES8/7-9/3 621081 10/03/2025 AT&T MOBILITY 63.98$ GENERAL FUND ASSESSOR OTHER SUPPLIES & EXPENSE 8/13-9/12 X09202025 621082 10/03/2025 AT&T MOBILITY 42.14$ GENERAL FUND HUMAN RESOURCES UTILITIES-TELEPHONE CELLPHONE - SEPTMEBER 621083 10/03/2025 AT&T MOBILITY 210.70$ GENERAL FUND ADMINISTRATION UTILITIES-TELEPHONE CELL PHONE SERVICES - PUBLIC WORKS 621084 10/03/2025 AT&T MOBILITY 306.97$ GENERAL FUND PARKS UTILITIES-TELEPHONE CELL PHONE SERVICES - PARKS 621211 10/17/2025 AT&T MOBILITY 482.56$ HAZ MAT GRANT FUND PUBLIC SAFETY UTILITIES-TELEPHONE 13HZMT CELL, IPADS 9/4-10/3/25 621294 10/27/2025 AT&T MOBILITY 461.30$ STORMWATER UTILITY FUND UTILITIES UTILITIES-TELEPHONE ACCT:287248120464 9/4-10/3 CELL PHONES/DEVC 621294 10/27/2025 AT&T MOBILITY 461.30$ WASTEWATER TREATMENT PLNT UTILITIES UTILITIES-TELEPHONE ACCT:287248120464 9/4-10/3 CELL PHONES/DEVC 621295 10/27/2025 AT&T MOBILITY 312.54$ LANDFILL FUND REFUSE & GARBAGE COLLECTI UTILITIES-TELEPHONE CELL PHONE SERVICE 9.6-10.5.25 621295 10/27/2025 AT&T MOBILITY 71.25$ GENERAL FUND PARKS UTILITIES-TELEPHONE CELL PHONE SERVICE 9.6-10.5.25 621295 10/27/2025 AT&T MOBILITY 56.55$ GENERAL FUND SHOP OPERATIONS UTILITIES-TELEPHONE CELL PHONE SERVICE 9.6-10.5.25 621295 10/27/2025 AT&T MOBILITY 83.50$ GENERAL FUND HWY & STREET MAINT & CONS UTILITIES-TELEPHONE CELL PHONE SERVICE 9.6-10.5.25 621296 10/27/2025 AT&T MOBILITY 42.16$ ECONOMIC DEVELOPMENT FUND PLANNING UTILITIES-TELEPHONE SKRENES CELL 9/13-10/12 621296 10/27/2025 AT&T MOBILITY 42.16$ GENERAL FUND PLANNING UTILITIES-TELEPHONE SERCK CELL 9/13-10/12 621297 10/27/2025 AT&T MOBILITY 687.66$ GENERAL FUND BUILDING INSPECTION UTILITIES-TELEPHONE PHONE SERVICE OCTOBER, 2025 621298 10/27/2025 AT&T MOBILITY 133.84$ GENERAL FUND CITY CLERK UTILITIES-TELEPHONE CLERK & DEPUTY CELL PHONE 621408 10/31/2025 AT&T MOBILITY 79.98$ GENERAL FUND MAYOR UTILITIES-TELEPHONE PHONE BILL SEPT 2025 621409 10/31/2025 AT&T MOBILITY 42.16$ GENERAL FUND HUMAN RESOURCES UTILITIES-TELEPHONE CELL PHONE - OCTOBER 621410 10/31/2025 AT&T MOBILITY 63.98$ GENERAL FUND ASSESSOR OTHER SUPPLIES & EXPENSE 9/13-10/12 UNL AIRCARDS 621411 10/31/2025 AT&T MOBILITY 304.94$ GENERAL FUND PARKS UTILITIES-TELEPHONE CELL PHONE SERVICES - PARKS 621412 10/31/2025 AT&T MOBILITY 210.80$ GENERAL FUND ADMINISTRATION UTILITIES-TELEPHONE CELL PHONE SERVICES - PUBLIC WORKS 621085 10/03/2025 AUTO VALUE SUPERIOR 90.39$ GENERAL FUND FIRE DEPARTMENT RPR & MNT SUPP-VEHIC PRTS DEF AND FILTERS 621299 10/27/2025 AUTO VALUE SUPERIOR 64.95$ GENERAL FUND FIRE DEPARTMENT RPR & MNT SUPP-VEHIC PRTS 5 DEF 621299 10/27/2025 AUTO VALUE SUPERIOR 810.12$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS WIX PO #P13618 621517 11/07/2025 AUTO VALUE SUPERIOR 763.00$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS WIX, STOCK PO #P13643 621413 10/31/2025 AVINEON INC 300.00$ INFO TECH FUND DATA PROCESSING RPR & MNT SUPP-MISC MONTHLY BILLING 621518 11/07/2025 AYRES ASSOCIATES 8,130.00$ CAPITAL IMPROVEMENT FUND MAJOR STREET PROJECTS CAPITAL IMPROVEMENTS BKRBRG BARKERS ISL BRIDGE PROF A/E FEES 621086 10/03/2025 BAKER & TAYLOR, LLC 143.39$ LIBRARY SPEC REV FUND LIBRARY OTHER EXP-PRINT/DIGITAL PRINT 621191 10/06/2025 BAKER TILLY US LLP 3,300.00$ GENERAL FUND FINANCE PROF SVCS-AUDIT SSMETE 2024 FINANCIAL STMNT AUDIT AND SINGLE AUDIT 621300 10/27/2025 BARDON APARTMENTS 252,287.83$ TID #15 CENTRAL PLANNING MISC CONTRACTUAL SVCS PAY AS GO TIF 2025 PAYG PAYMENT 621087 10/03/2025 BEAUDRY OIL & SERVICE INC 1,473.72$ GENERAL FUND SHOP OPERATIONS OPERATING SUPP-OTHER MISC DEF/GADUS/WASH FLUID PO #S2841 621088 10/03/2025 BELKNAP PLUMBING & HEATING CO. 579.12$ GENERAL FUND BUILDINGS & GROUNDS OPERATING SUPP-OTHER MISC B&G/SUP BUS CENTER GAS LINE SUPPLIES/REPAIR 621212 10/17/2025 BELKNAP PLUMBING & HEATING CO. 6,703.69$ WASTEWATER TREATMENT PLNT UTILITIES RPR/MNT SVC-OTHR-PIPNG-MP SCREEN BLDG RPZ RPLCMNT 621212 10/17/2025 BELKNAP PLUMBING & HEATING CO. 658.16$ GENERAL FUND AIRPORT RPR & MNT SVCS-MISC HEAT RECOVERY VENTILATOR ISSUES 621301 10/27/2025 BELL LUMBER & POLE COMPANY LLC 4,130.00$ CAPITAL IMPROVEMENT FUND PARKS CAPITAL IMPROVEMENTS REDBRN RED BARN SUPPLIES WOOD UTILITY POLES 621089 10/03/2025 BEMUSED DESIGN & PHOTOGRAPHY LLC 150.00$ Public Museum PARKS OPERATING SUPP-OTHER MISC 50 MAGNETS FOR GIFT SHOP 621090 10/03/2025 BENNA AUTO CENTER 342.70$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS MIRROR ASY #27 PO #P13614 621302 10/27/2025 BENNA AUTO CENTER 124.68$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS GASKET/SEAL/BRKT PO #P13614 621302 10/27/2025 BENNA AUTO CENTER 54.48$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS GASKETS PO #P13614 621414 10/31/2025 BENNA AUTO CENTER 3,046.40$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS RACK & PIN #34 PO #P13596 621414 10/31/2025 BENNA AUTO CENTER 397.09$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS MOTOR & FAN ASY #41 PO #P13642 621303 10/27/2025 BENSON ELECTRIC COMPANY 7,929.66$ GENERAL FUND TRAFFIC SIGNALS & SIGNS RPR & MNT SVC-MISC SIGNAL TRAFFIC SIGNAL REPAIRS - 8/01/25 - 8/31/25 621303 10/27/2025 BENSON ELECTRIC COMPANY 1,561.27$ CAPITAL IMPROVEMENT FUND BUILDINGS & GROUNDS CAPITAL IMPROVEMENTS PWMISC TRUCK CHARGER 3 of 22 Check # Check Date Vendor Name Transaction Amount Fund Description Division Description Account Description Project Description 01 Description 02 621303 10/27/2025 BENSON ELECTRIC COMPANY 8,353.00$ GENERAL FUND HWY & STREET MAINT & CONS RPR & MNT SVC-MISC STLGHT STREET LIGHT REPAIRS - 8/01/25 - 8/31/25 621303 10/27/2025 BENSON ELECTRIC COMPANY 1,886.66$ GENERAL FUND TRAFFIC SIGNALS & SIGNS RPR & MNT SVC-MISC SIGNAL TRAFFIC SIGNAL STOCK -. 8/01/25 - 8/31/25 621524 11/07/2025 BLACKSTONE AUDIO 573.64$ LIBRARY SPEC REV FUND LIBRARY OTHER EXP-PRINT/DIGITAL A/V 621525 11/07/2025 BNSF RAILWAY COMPANY 50,598.39$ CAPITAL IMPROVEMENT FUND MAJOR STREET PROJECTS CAPITAL IMPROVEMENTS E5TH25 E. 5TH ST. RAILROAD CROSSINGS 621415 10/31/2025 BOARDMAN & CLARK LLP 5,659.50$ ARPA GRANT ADMINISTRATION CAPITAL EQUIPMENT FIBER ISP CONSULTING 621304 10/27/2025 BOBCAT OF DULUTH, INC 277.21$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS FILTERS PO #P13616 621489 10/31/2025 BOUND TREE MEDICAL, LLC 24.50$ GENERAL FUND FIRE DEPARTMENT MEDICAL BERMAN ORAL AIRWAYS 621527 11/07/2025 BOUND TREE MEDICAL, LLC 20.49$ GENERAL FUND FIRE DEPARTMENT MEDICAL DISPOSABLE RAZORS 621527 11/07/2025 BOUND TREE MEDICAL, LLC 5,333.64$ GENERAL FUND FIRE DEPARTMENT MEDICAL SUCTION UNITS STETHOSCOPE MEGA MOVER MASKS GLOVES 621169 10/03/2025 BOYER TRUCKS 651.90$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS R DR HP10 ABS PO #P13612 621274 10/17/2025 BOYER TRUCKS 151.99$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS WHEEL-STRG PO #P13619 621274 10/17/2025 BOYER TRUCKS 810.16$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS BOLT KIT, PURAGUARD, STK PO #P13619 621274 10/17/2025 BOYER TRUCKS 323.98$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS HOASE ASY WIRE #340 PO #P13628 621274 10/17/2025 BOYER TRUCKS 292.49$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS ARM-DRAGLINK PO #P13619 621274 10/17/2025 BOYER TRUCKS (471.90)$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS BW 4 66, BW 9B 96 PO #P13619 621274 10/17/2025 BOYER TRUCKS 1,486.56$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS AD-IP/AIR SPR ASSY/STOCK PO #P13619 621274 10/17/2025 BOYER TRUCKS 684.98$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS CONTROL SUSP ROD PO #P13619 621274 10/17/2025 BOYER TRUCKS 78.50$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS BLACK TUBING PO #P13603 621274 10/17/2025 BOYER TRUCKS (257.40)$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS BW 4 66 PO #P13619 621657 11/07/2025 BOYER TRUCKS (114.40)$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS STOCK RETURN PO #P13644 621657 11/07/2025 BOYER TRUCKS 110.89$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS OIL PRES SENSOR #343 PO #P13649 621657 11/07/2025 BOYER TRUCKS 40.49$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS ROCKER SW #307 PO #P13647 621657 11/07/2025 BOYER TRUCKS 1,147.49$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS FUEL TANK #337 PO #P13630 621657 11/07/2025 BOYER TRUCKS 757.45$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS SPR ASY/LONG STROKE/STK PO #P13644 621657 11/07/2025 BOYER TRUCKS 1,183.76$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS STOCK PARTS PO #P13644 621657 11/07/2025 BOYER TRUCKS 697.08$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS HARNESS #343 PO #P13639 621091 10/03/2025 BRIGHTSPEED 179.05$ LIBRARY SPEC REV FUND LIBRARY UTILITIES-TELEPHONE TELEPHONE 621092 10/03/2025 BRIGHTSPEED 433.86$ LIBRARY SPEC REV FUND LIBRARY UTILITIES-TELEPHONE TELEPHONE 621093 10/03/2025 BRIGHTSPEED 166.02$ GENERAL FUND FINANCE UTILITIES-TELEPHONE EE FIREHALL 621093 10/03/2025 BRIGHTSPEED 74.52$ LANDFILL FUND SOLID WASTE DISPOSAL UTILITIES-TELEPHONE LANDFILL 621213 10/17/2025 BRIGHTSPEED 353.14$ GENERAL FUND AIRPORT RPR & MNT SVCS-MISC CELL PHONE SERVICES - AIRPORT 621214 10/17/2025 BRIGHTSPEED 551.30$ STORMWATER UTILITY FUND UTILITIES UTILITIES-TELEPHONE MF PHONES 9/17-10/16 621214 10/17/2025 BRIGHTSPEED 551.30$ WASTEWATER TREATMENT PLNT UTILITIES UTILITIES-TELEPHONE MF PHONES 9/17-10/16 621416 10/31/2025 BRIGHTSPEED 174.40$ LIBRARY SPEC REV FUND LIBRARY UTILITIES-TELEPHONE TELEPHONE 621490 10/31/2025 BRIGHTSPEED 428.70$ LIBRARY SPEC REV FUND LIBRARY UTILITIES-TELEPHONE TELEPHONE 621094 10/03/2025 CAMPBELL LUMBER & SUPPLY 7.98$ GENERAL FUND PARKS OPERATING SUPP-OTHER MISC P&R SUPPLIES KEY SINGLE CUT 621094 10/03/2025 CAMPBELL LUMBER & SUPPLY 125.50$ GENERAL FUND BUILDINGS & GROUNDS OPERATING SUPP-OTHER MISC B&G SUPPLIES 2X4 16' BOARDS 621305 10/27/2025 CAMPBELL LUMBER & SUPPLY 22.15$ GENERAL FUND BUILDINGS & GROUNDS OPERATING SUPP-OTHER MISC B&G SUPPLIES 2X6 GR TRTED/2X4 8' BRDS 621305 10/27/2025 CAMPBELL LUMBER & SUPPLY 31.47$ GENERAL FUND BUILDINGS & GROUNDS OPERATING SUPP-OTHER MISC B&G SUPPLIES 20' REINFORCING ROD G60 621305 10/27/2025 CAMPBELL LUMBER & SUPPLY 13.66$ GENERAL FUND BUILDINGS & GROUNDS OPERATING SUPP-OTHER MISC B&G SUPPLIES 2X4'S 8' & 12' 621531 11/07/2025 CARDIO PARTNERS INC 2,010.00$ FIRE DEPT GRANT FUND FIRE DEPARTMENT OTHER SUPPLIES & EXPENSE GT25FD AED BATTERIES 621531 11/07/2025 CARDIO PARTNERS INC 2,281.00$ FIRE DEPT GRANT FUND FIRE DEPARTMENT OTHER SUPPLIES & EXPENSE GT25FD AED & CASE 621531 11/07/2025 CARDIO PARTNERS INC 2,281.00$ FIRE DEPT GRANT FUND FIRE DEPARTMENT OTHER SUPPLIES & EXPENSE EMSFAP AED & CASE 621532 11/07/2025 CASCADE ENGINEERING, INC 581.00$ LANDFILL FUND REFUSE & GARBAGE COLLECTI RPR & MNT SUPP-MACH/EQUIP GARBAGE CAN SUPPL.IES WHEELS 621417 10/31/2025 CATHOLIC CONGREGATION 32,857.50$ ARPA GRANT COMMUNITY PROMOTION NON PROFIT GRANTS ARPANP NON PROFIT GRANT 621215 10/17/2025 CDW GOVERNMENT INC. 99.32$ INFO TECH FUND DATA PROCESSING RPR & MNT SUPP-MISC IT DEPT UPS 621418 10/31/2025 CENTER AGAINST SEXUAL AND 3,252.00$ HUD CDBG 14.218 B17MC-09 ADMINISTRATION OTHER CONTRAC SVCS-MISC 25CSDA REIMB 7/1-9/30/25 621306 10/27/2025 CENTER POINT LARGE PRINT 353.58$ LIBRARY SPEC REV FUND LIBRARY OTHER EXP-PRINT/DIGITAL PRINT 4 of 22 Check # Check Date Vendor Name Transaction Amount Fund Description Division Description Account Description Project Description 01 Description 02 621307 10/27/2025 CENTRAL FLATS LLC 188,269.00$ TID #15 CENTRAL PLANNING MISC CONTRACTUAL SVCS PAY AS GO TIF 2025 PAYG PAYMENT 621095 10/03/2025 CERTIFIED LABORATORIES 153.45$ GENERAL FUND SHOP OPERATIONS OPERATING SUPP-OTHER MISC PERMALUBE RED AEROSOL PO #S2842 621192 10/06/2025 CHARLES PERRY 400.00$ Public Museum PARKS OTHER CONTRAC SVCS-MISC FAIRLA MAGIC SHOW AND BALOON SCULPTURE ICE CREAM SOCL 621096 10/03/2025 CHIPPEWA CONCRETE SERVICES, INC (18,054.91)$ CAPITAL IMPROVEMENT FUND RETAINAGE PAYABLE TWR26 TOWER AVE BELKNAP TO 28TH PAY APP 1 RETAINAGE 621096 10/03/2025 CHIPPEWA CONCRETE SERVICES, INC 361,098.26$ CAPITAL IMPROVEMENT FUND MAJOR STREET PROJECTS CAPITAL IMPROVEMENTS TWR26 TOWER AVE BELKNAP TO 28TH PAY APP 1 621097 10/03/2025 CINTAS CORPORATION NO. 2 128.92$ LANDFILL FUND SOLID WASTE DISPOSAL OTHER CONTRAC SVCS-MISC RUG SERVICE 621098 10/03/2025 CINTAS CORPORATION NO. 2 85.21$ WASTEWATER TREATMENT PLNT UTILITIES RENTS & LEASES-OTHER MISC LAUNDERING SRVC&RENT 9/26 621098 10/03/2025 CINTAS CORPORATION NO. 2 85.20$ STORMWATER UTILITY FUND UTILITIES RENTS & LEASES-OTHER MISC LAUNDERING SRVC&RENT 9/26 621308 10/27/2025 CINTAS CORPORATION NO. 2 121.00$ STORMWATER UTILITY FUND UTILITIES RENTS & LEASES-OTHER MISC LAUNDERING SERVICES 10/3 621308 10/27/2025 CINTAS CORPORATION NO. 2 121.01$ WASTEWATER TREATMENT PLNT UTILITIES RENTS & LEASES-OTHER MISC LAUNDERING SERVICES 10/3 621308 10/27/2025 CINTAS CORPORATION NO. 2 176.22$ LANDFILL FUND SOLID WASTE DISPOSAL OTHER CONTRAC SVCS-MISC RUG SERVICE 621309 10/27/2025 CINTAS CORPORATION NO. 2 80.64$ STORMWATER UTILITY FUND UTILITIES RENTS & LEASES-OTHER MISC LAUNDERING SERVICES 10/10 621309 10/27/2025 CINTAS CORPORATION NO. 2 80.65$ WASTEWATER TREATMENT PLNT UTILITIES RENTS & LEASES-OTHER MISC LAUNDERING SERVICES 10/10 621310 10/27/2025 CINTAS CORPORATION NO. 2 121.00$ STORMWATER UTILITY FUND UTILITIES RENTS & LEASES-OTHER MISC LAUNDERING SERVICES 10/17 621310 10/27/2025 CINTAS CORPORATION NO. 2 121.01$ WASTEWATER TREATMENT PLNT UTILITIES RENTS & LEASES-OTHER MISC LAUNDERING SERVICES 10/17 621533 11/07/2025 CINTAS CORPORATION NO. 2 58.74$ LANDFILL FUND SOLID WASTE DISPOSAL OTHER CONTRAC SVCS-MISC RUG SERVICE 621534 11/07/2025 CINTAS CORPORATION NO. 2 80.65$ WASTEWATER TREATMENT PLNT UTILITIES RENTS & LEASES-OTHER MISC LAUNDERING SERVICES 10/24 621534 11/07/2025 CINTAS CORPORATION NO. 2 80.64$ STORMWATER UTILITY FUND UTILITIES RENTS & LEASES-OTHER MISC LAUNDERING SERVICES 10/24 621216 10/17/2025 CITIES & VILLAGES MUTUAL INS. 2,625.00$ SELF INSURED WORKERS COMP FINANCE PROFESSIONAL SVCS-OTHER SELF INSURED TPA FEE QUARTERLY PAYMENT 621419 10/31/2025 CITY OF ASHLAND 7,797.53$ HAZ MAT GRANT FUND PUBLIC SAFETY OTHER CONTRAC SVCS-MISC 13HZMT 33% Q4 HZMT REIMB 621287 10/27/2025 CITY OF SUPERIOR POLICE LOCAL NO 27 2,240.00$ PAYROLL FUND UNION DUES DED. PAYABLE PAYROLL SUMMARY 621193 10/06/2025 CITY TREASURER PETTY CASH CLEARING 37.45$ GENERAL FUND POLICE DEPARTMENT RPR & MNT SUPP-FUEL/OIL FUEL ALERT MEETING 621193 10/06/2025 CITY TREASURER PETTY CASH CLEARING 74.37$ GENERAL FUND PLANNING OTHER SUPPLIES & EXPENSE BREAKFAST MEETING 621193 10/06/2025 CITY TREASURER PETTY CASH CLEARING 12.64$ GENERAL FUND PLANNING PROF SVCS-LEGAL PADLOCK 621193 10/06/2025 CITY TREASURER PETTY CASH CLEARING 8.00$ GENERAL FUND POLICE DEPARTMENT RPR & MNT SUPP-MISC CAR WASH 621193 10/06/2025 CITY TREASURER PETTY CASH CLEARING 50.00$ GENERAL FUND ASSESSOR TRAVEL & TRAINING APPRAISER TEST 621193 10/06/2025 CITY TREASURER PETTY CASH CLEARING 24.80$ GENERAL FUND BUILDING INSPECTION OTHER SUPPLIES & EXPENSE WIPPER BLADES 621193 10/06/2025 CITY TREASURER PETTY CASH CLEARING 144.00$ GENERAL FUND POLICE DEPARTMENT OTHER SUPPLIES & EXPENSE EMBROIDERY 12 JACKETS 621193 10/06/2025 CITY TREASURER PETTY CASH CLEARING 20.96$ GENERAL FUND CITY CLERK OTHER SUPPLIES & EXPENSE CERTIFIED MAIL 621539 11/07/2025 COAST TO COAST CALIBRATIONS INC 201.00$ WASTEWATER TREATMENT PLNT UTILITIES PROF SERVICES-LABORATORY LABBUD LAB BALANCE SERVICE 621217 10/17/2025 COLUMN SOFTWARE PBC 80.12$ WASTEWATER TREATMENT PLNT UTILITIES PUBS, SUBS, DUES PFAS24 FACLTY PLNG PFOS/PFOA BID AD 621217 10/17/2025 COLUMN SOFTWARE PBC 146.02$ GENERAL FUND CITY COUNCIL PUBS, SUBS, DUES MINUTES 20250902 621217 10/17/2025 COLUMN SOFTWARE PBC 76.29$ CAPITAL IMPROVEMENT FUND STREET PROJECTS CAPITAL IMPROVEMENTS PWMISC LEAD LINES 2026 DESIGN PHASE 621217 10/17/2025 COLUMN SOFTWARE PBC 28.49$ GENERAL FUND BUILDINGS & GROUNDS PUBS, SUBS, DUES MSB & VAULT CLEANING ADS 621217 10/17/2025 COLUMN SOFTWARE PBC 28.49$ GENERAL FUND PARKS PUBS, SUBS, DUES MSB & VAULT CLEANING ADS 621217 10/17/2025 COLUMN SOFTWARE PBC 71.07$ GENERAL FUND CITY COUNCIL PUBS, SUBS, DUES VACATION PH:OCT 2025 621217 10/17/2025 COLUMN SOFTWARE PBC 71.13$ GENERAL FUND PLANNING OTHER PROF SERVICES RACS MEETING NOTICE 621217 10/17/2025 COLUMN SOFTWARE PBC 11.01$ GENERAL FUND CITY CLERK PUBS, SUBS, DUES ALCOHOL: JACKS BAR 621540 11/07/2025 COLUMN SOFTWARE PBC 125.93$ GENERAL FUND CITY COUNCIL PUBS, SUBS, DUES MINUTES 20250916 621311 10/27/2025 COMO LUBE & SUPPLIES, INC. 5,991.54$ GENERAL FUND SHOP OPERATIONS OPERATING SUPP-OTHER MISC ROTELLA/GADUS/BRAKLEEN PO #S2844 621311 10/27/2025 COMO LUBE & SUPPLIES, INC. 109.90$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SUPP-FUEL & OIL ELEVATOR HYDRAULIC OIL 621273 10/17/2025 COMO OIL & PROPANE 8,832.12$ LANDFILL FUND SOLID WASTE DISPOSAL RPR & MNT SUPP-FUEL & OIL EQUIPMENT FUEL 621099 10/03/2025 COMPUDYNE, LLC DBA INTEGRIS 7,053.55$ INFO TECH FUND DATA PROCESSING OTHER CONTRAC SVCS-MISC MONTHLY BILLING 621099 10/03/2025 COMPUDYNE, LLC DBA INTEGRIS 6,348.51$ INFO TECH FUND DUE FROM DOUGLAS COUNTY MONTHLY BILLING 621312 10/27/2025 COMPUDYNE, LLC DBA INTEGRIS 6,065.00$ INFO TECH FUND DATA PROCESSING OTHER CONTRAC SVCS-MISC OFFICE365 SUBSCRIPTION 621312 10/27/2025 COMPUDYNE, LLC DBA INTEGRIS 6,709.00$ INFO TECH FUND DUE FROM DOUGLAS COUNTY OFFICE365 SUBSCRIPTION 621312 10/27/2025 COMPUDYNE, LLC DBA INTEGRIS 68.00$ INFO TECH FUND DATA PROCESSING RPR & MNT SUPP-MISC DOMAIN RENEWAL 621100 10/03/2025 COORDINATED BUSINESS SYSTEMS LTD 144.04$ GENERAL FUND FINANCE OFFICE SUPPLIES PRINTER TONER 5 of 22 Check # Check Date Vendor Name Transaction Amount Fund Description Division Description Account Description Project Description 01 Description 02 621313 10/27/2025 COORDINATED BUSINESS SYSTEMS LTD 6.28$ WASTEWATER TREATMENT PLNT UTILITIES OFFICE SUPPLIES SFCP SFCP MARKERS 621313 10/27/2025 COORDINATED BUSINESS SYSTEMS LTD 51.21$ GENERAL FUND BUILDINGS & GROUNDS OPERATING SUPP-OTHER MISC B&G SUPPLIES TRASH LINERS 621313 10/27/2025 COORDINATED BUSINESS SYSTEMS LTD 17.76$ GENERAL FUND BUILDINGS & GROUNDS OPERATING SUPP-OTHER MISC B&G SUPPLIES CLEANING SUPPLIES 621313 10/27/2025 COORDINATED BUSINESS SYSTEMS LTD 21.11$ GENERAL FUND FINANCE OFFICE SUPPLIES COMPUTER MONTIOR STAND 621313 10/27/2025 COORDINATED BUSINESS SYSTEMS LTD 31.23$ STORMWATER UTILITY FUND UTILITIES OFFICE SUPPLIES FILE BOXES 621313 10/27/2025 COORDINATED BUSINESS SYSTEMS LTD 31.24$ WASTEWATER TREATMENT PLNT UTILITIES OFFICE SUPPLIES FILE BOXES 621313 10/27/2025 COORDINATED BUSINESS SYSTEMS LTD 65.97$ GENERAL FUND PLANNING OFFICE SUPPLIES CALENDAR, POSTITS LAMINATING POUCHES 621420 10/31/2025 COORDINATED BUSINESS SYSTEMS LTD 10.50$ STORMWATER UTILITY FUND UTILITIES OFFICE SUPPLIES OFFICE INVENTORY NOV 621420 10/31/2025 COORDINATED BUSINESS SYSTEMS LTD 195.00$ GENERAL FUND MAYOR OFFICE SUPPLIES PAPER OFFICE SUPPLIES 621420 10/31/2025 COORDINATED BUSINESS SYSTEMS LTD 10.50$ WASTEWATER TREATMENT PLNT UTILITIES OFFICE SUPPLIES OFFICE INVENTORY NOV 621420 10/31/2025 COORDINATED BUSINESS SYSTEMS LTD 32.70$ GENERAL FUND FINANCE OFFICE SUPPLIES CANNED AIR - KEY BOARD CLEANER 621421 10/31/2025 CORE ADVANTAGE 300.00$ LANDFILL FUND RECYCLING OTHER CONTRAC SVCS-MISC MATTRESS HAUL 621196 10/08/2025 COS SYSTEMS INC 3,992.70$ ARPA GRANT ADMINISTRATION CAPITAL EQUIPMENT FIBER MONTHLY RECURRING 621546 11/07/2025 COTTINGHAM & BUTLER 300.00$ GENERAL FUND HUMAN RESOURCES PROF SERVICES - OTHER JOB CLASSIFICATION 621547 11/07/2025 CREEDE MCCLELLAN 1,575.00$ BUSINESS IMPROVEMENT FUND ACQUISITION OTHER SUPPLIES & EXPENSE SBID CONSULTING 620504 08/29/2025 CRICKET SIGNS (120.00)$ BUSINESS IMPROVEMENT FUND ACQUISITION OTHER SUPPLIES & EXPENSE FARMERS MARKET SIGN VOID PAID TWICE 621314 10/27/2025 CRICKET SIGNS 430.00$ CAPITAL IMPROVEMENT FUND PARKS CAPITAL IMPROVEMENTS ARPASP SKATE PARK SIGN 621314 10/27/2025 CRICKET SIGNS 75.00$ URBAN TREE FUND PARKS OPERATING SUPP-OTHER MISC TRIBUTE TREE PLAQUE REPLACEMENT 621314 10/27/2025 CRICKET SIGNS 120.00$ LIBRARY SPEC REV FUND LIBRARY OPERATING SUPP-OTHER MISC SIGNAGE 621548 11/07/2025 DAIRYLAND FENCE COMPANY INC 1,280.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR/MNT SVC-GRNDS-CO SY LS7 GATE REPAIRS 621548 11/07/2025 DAIRYLAND FENCE COMPANY INC 6,360.00$ CAPITAL IMPROVEMENT FUND POLICE DEPARTMENT CAPITAL IMPROVEMENTS 8THST CIP 8TH ST PROJECT INSTALL FENCE AND REPAIR 621218 10/17/2025 DANS FEED BIN 273.60$ CAPITAL IMPROVEMENT FUND PARKS CAPITAL IMPROVEMENTS ARPASP P&R SUPPLIES GRASS SEED 621549 11/07/2025 DANS FEED BIN 225.87$ WASTEWATER TREATMENT PLNT UTILITIES RPR/MNT SUPP-GRNDS MF HAY MAT & GRASS SEED 621549 11/07/2025 DANS FEED BIN 107.40$ GENERAL FUND PARKS SPECIAL EVENTS STRAW/CORN STALKS 621422 10/31/2025 DEAN & ROXANE LARSON 183.87$ WASTEWATER TREATMENT PLNT SEWAGE SERVICE UTITLITY OVERPAYMENT REFUND 621315 10/27/2025 DEVELOPMENT ASSOCIATION 230.65$ BUSINESS IMPROVEMENT FUND ACQUISITION OTHER CONTRAC SVCS-MISC SBID HOTEL CHARGE WEDA CONVENTION 621101 10/03/2025 DEY DISTRIBUTING INC 27.83$ GENERAL FUND FIRE DEPARTMENT RPR & MNT SUPP-VEHIC PRTS LIDLOCK ST 3 WASHER 621102 10/03/2025 DISCOVERPC.NET 38.75$ BUSINESS IMPROVEMENT FUND ACQUISITION OTHER SUPPLIES & EXPENSE SBID IT SERVICES 620994 09/26/2025 DOOR SERVICE OF DULUTH, INC. (16,130.00)$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-MACH/EQUIP COLDSTORAGE GARAGE DOOR VOID WRONG VENDOR 621286 10/22/2025 DOOR SERVICE SUPERIOR 16,130.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-MACH/EQUIP COLDSTORAGE GARAGE DOOR REISSUE WRONG VENDOR 621423 10/31/2025 DOOR SERVICE SUPERIOR 270.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SUPP-MACH/EQUIP COLD STRG GARAGE OPENERS 621316 10/27/2025 DOUGLAS CO. REGISTER OF DEEDS 90.00$ GENERAL FUND PLANNING OTHER PROF SERVICES SATISFACTION OF MORTGAGE LIS PENDENS 620892 09/19/2025 DOUGLAS COUNTY ABSTRACT & TITLE LLC (40.00)$ GENERAL FUND BUILDING INSPECTION OTHER CONTRAC SVCS-MISC TITLE SEARCH 1109 N 12TH REFUND 621317 10/27/2025 DOUGLAS COUNTY CLERK 3,315.00$ GENERAL FUND ELECTIONS OTHER CONTRAC SVCS-MISC EQUIP MAINT/FIRMWARE LICE 621103 10/03/2025 DOUGLAS COUNTY SHERIFFS DEPT. 50.00$ GENERAL FUND POLICE DEPARTMENT OTHER CONTR SVCS-MISC INMATE BOARD 621424 10/31/2025 DOUGLAS COUNTY SHERIFFS DEPT. 50.00$ GENERAL FUND POLICE DEPARTMENT OTHER CONTR SVCS-MISC INMATE BOARD 621104 10/03/2025 DOUGLAS COUNTY TREASURER 708.75$ INFO TECH FUND DATA PROCESSING OTHER CONTRAC SVCS-MISC TAIVAS MONTHLY 621194 10/06/2025 DOUGLAS COUNTY TREASURER 1,075.00$ GENERAL FUND FINANCE OTHER SUPPLIES & EXPENSE TAX BILL MAILING ENVELOPE 25 621219 10/17/2025 DOUGLAS COUNTY TREASURER 1,781.25$ INFO TECH FUND DATA PROCESSING OTHER CONTRAC SVCS-MISC 621219 10/17/2025 DOUGLAS COUNTY TREASURER 3,684.50$ INFO TECH FUND DATA PROCESSING OTHER CONTRAC SVCS-MISC FORTIGATE ANNUAL MAINT 621219 10/17/2025 DOUGLAS COUNTY TREASURER 632.50$ INFO TECH FUND DATA PROCESSING OTHER CONTRAC SVCS-MISC FORTINET ANALYZER MAINTEN 621219 10/17/2025 DOUGLAS COUNTY TREASURER 5,263.50$ GENERAL FUND TRANSFER TO OTHER FUNDS XFER TO COUNTY-CITY LEASE OFFICE ASSOC CITY/COUNTY 1/2 OF 2ND QUARTER 2025 621318 10/27/2025 DOUGLAS COUNTY TREASURER 475.00$ INFO TECH FUND DATA PROCESSING RPR & MNT SUPP-MISC FIREWALL CONFIG 621318 10/27/2025 DOUGLAS COUNTY TREASURER 113.00$ INFO TECH FUND DATA PROCESSING RPR & MNT SUPP-MISC SPD KALANN NEW PHONE 621220 10/17/2025 DSC COMMUNICATIONS 70.00$ GENERAL FUND FIRE DEPARTMENT RPR & MNT SVC-VEHICLES RADIO PROGRAMMING 621220 10/17/2025 DSC COMMUNICATIONS 3,747.00$ GENERAL FUND POLICE DEPARTMENT OTHER CONTR SVCS-MISC SERVICE AGREEMENT/PORT RA 621220 10/17/2025 DSC COMMUNICATIONS 1,275.00$ GENERAL FUND POLICE DEPARTMENT OTHER CONTR SVCS-MISC SERVICE AGREEMENT/GEN 621220 10/17/2025 DSC COMMUNICATIONS 2,964.00$ CAPITAL IMPROVEMENT FUND POLICE DEPARTMENT CAPITAL EQUIPMENT SQUADS LIGHT INTERSECTOR #43 6 of 22 Check # Check Date Vendor Name Transaction Amount Fund Description Division Description Account Description Project Description 01 Description 02 621319 10/27/2025 DSC COMMUNICATIONS 200.00$ GENERAL FUND FIRE DEPARTMENT RPR & MNT SVC-VEHICLES E2 RADIO SERVICE 621425 10/31/2025 DSC COMMUNICATIONS 35.00$ GENERAL FUND FIRE DEPARTMENT OTHER SUPPLIES & EXPENSE RADIO REPAIR ESTIMATE 621105 10/03/2025 DUKES TOWING 254.00$ GENERAL FUND POLICE DEPARTMENT OTHER CONTR SVCS-MISC PTTOW 2016 HYUNDAI ACCENT 621426 10/31/2025 DULUTH CONCRETE 28,074.18$ CAPITAL IMPROVEMENT FUND SIDEWALKS CAPITAL IMPROVEMENTS SIDWLK 2025 SIDEWALK CIP PROGRESS 621426 10/31/2025 DULUTH CONCRETE (1,403.70)$ CAPITAL IMPROVEMENT FUND RETAINAGE PAYABLE SIDWLK 2025 SIDEWALK CIP PROGRESS RETAINAGE 621426 10/31/2025 DULUTH CONCRETE 38,693.00$ HUD CDBG 14.218 B17MC-09 ADMINISTRATION OTHER CONTRAC SVCS-MISC 25SIDE 2025 SIDEWALK CDBG 621426 10/31/2025 DULUTH CONCRETE (1,934.65)$ CAPITAL IMPROVEMENT FUND RETAINAGE PAYABLE 25SIDE 2025 SIDEWALK CDBG RETAINAGE 621106 10/03/2025 DULUTH TRANSIT AUTHORITY 172,760.41$ GENERAL FUND MASS TRANSIT OTHER CONTRAC SVCS-MISC STRIDE RIDE/FIXED ROUTE AUGUST 2025 621106 10/03/2025 DULUTH TRANSIT AUTHORITY (156,840.20)$ GENERAL FUND MASS TRANSIT OTHER CONTRAC SVCS-MISC WISDOT 5307 DTA GRANT AUGUST 2025 621221 10/17/2025 EAST END POWER EQUIPMENT 20.86$ GENERAL FUND PARKS OPERATING SUPP-OTHER MISC P&R SUPPLIES FASTENERS/CH SAW WRENCH 621108 10/03/2025 EASYLIVING SERVICES LLC 3,088.71$ NEIGHBORHOOD IMPROVMNT FD BUILDING INSPECTION OTHER CONTRAC SVCS-MISC GRASS CUTTING - CITY LOTS MISC. 621108 10/03/2025 EASYLIVING SERVICES LLC 200.00$ NEIGHBORHOOD IMPROVMNT FD BUILDING INSPECTION OTHER CONTRAC SVCS-MISC ABATE GRASS ABATEMENT 2104 TOWER AVE/ NWTG-0824 621222 10/17/2025 EASYLIVING SERVICES LLC 2,735.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR/MNT SVC-GRNDS-CO SY LAWN MAINTEANNCE9/10-9/30 621222 10/17/2025 EASYLIVING SERVICES LLC 120.00$ NEIGHBORHOOD IMPROVMNT FD BUILDING INSPECTION OTHER CONTRAC SVCS-MISC ABATE GRASS ABATEMENT 521 FISHER AVE; NWTG-0840 621222 10/17/2025 EASYLIVING SERVICES LLC 1,998.72$ AFFORDABLE HOUSING FUND PLANNING RPR & MNT SUPP-MISC NEMADJ NEMADJI MAINTENANCE SEPTEMBER 2025 621222 10/17/2025 EASYLIVING SERVICES LLC 200.00$ NEIGHBORHOOD IMPROVMNT FD BUILDING INSPECTION OTHER CONTRAC SVCS-MISC ABATE BUSH ABATEMENT 2631 TOWER AVE; PUNU-0921 621222 10/17/2025 EASYLIVING SERVICES LLC 4,320.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR/MNT SVC-GRNDS-CO SY LAWN MAINTEANNCE6/17-7/31 621222 10/17/2025 EASYLIVING SERVICES LLC 3,919.70$ AFFORDABLE HOUSING FUND PLANNING MISC CONTRACTUAL SVCS NEMADJ NEMADJI CONTRACT SERV SEPTEMBER 2025 621222 10/17/2025 EASYLIVING SERVICES LLC 7,490.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-GROUNDS LAWN MAINTEANNCE6/17-7/31 621222 10/17/2025 EASYLIVING SERVICES LLC 345.00$ STORMWATER UTILITY FUND UTILITIES RPR/MNT SVC-GRNDS-CO SY LAWN MAINTEANNCE9/10-9/30 621222 10/17/2025 EASYLIVING SERVICES LLC 7,805.00$ NEIGHBORHOOD IMPROVMNT FD BUILDING INSPECTION OTHER CONTRAC SVCS-MISC ABATE JUNK ABATEMENT/BOARD UP 2316 E 8TH ST; PROP-0198 621222 10/17/2025 EASYLIVING SERVICES LLC 120.00$ NEIGHBORHOOD IMPROVMNT FD BUILDING INSPECTION OTHER CONTRAC SVCS-MISC ABATE GRASS ABATEMENT 3717 E 2ND ST; NWTG-0807 621222 10/17/2025 EASYLIVING SERVICES LLC 2,094.88$ GENERAL FUND PARKS OTHER CONTRAC SVCS-MISC P&R SUPPLIES TRASH SERVICE 621222 10/17/2025 EASYLIVING SERVICES LLC 50.00$ AFFORDABLE HOUSING FUND PLANNING RPR & MNT SUPP-MISC HAMDUP HAMMOND DUPLEX MOWING 10.10.25 621222 10/17/2025 EASYLIVING SERVICES LLC 3,745.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-GROUNDS LAWN MAINTEANNCE9/10-9/30 621222 10/17/2025 EASYLIVING SERVICES LLC 3,088.71$ NEIGHBORHOOD IMPROVMNT FD BUILDING INSPECTION OTHER CONTRAC SVCS-MISC GRASS CUTTING - CITY LOTS JULY/AUGUST, 2025 621222 10/17/2025 EASYLIVING SERVICES LLC 120.00$ NEIGHBORHOOD IMPROVMNT FD BUILDING INSPECTION OTHER CONTRAC SVCS-MISC ABATE GRASS ABATEMENT 611 FISHER AVE; NWTG-0839 621222 10/17/2025 EASYLIVING SERVICES LLC 190.00$ AFFORDABLE HOUSING FUND PLANNING RPR & MNT SUPP-MISC HAMDUP HAMMOND DUPLEX FRIDGE DELIVER 621222 10/17/2025 EASYLIVING SERVICES LLC 690.00$ STORMWATER UTILITY FUND UTILITIES RPR/MNT SVC-GRNDS-CO SY LAWN MAINTEANNCE6/17-7/31 621320 10/27/2025 EASYLIVING SERVICES LLC 800.00$ GENERAL FUND PARKS SPECIAL EVENTS EVENTS SECURITY FOR 4TH OF JULY FIREWORKS 621109 10/03/2025 EDGE AI SOLUTIONS INC 1,995.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR/MNT SVC-OTHR-PIPNG-CS PIPE DREAM MONTHLY SBSCPT 621400 10/29/2025 EDGE AI SOLUTIONS INC 1,995.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR/MNT SVC-OTHR-PIPNG-CS PIPE DREAM MONTHLY SBSCPT 621223 10/17/2025 EISENMANN BROTHERS, INC. 4,501.23$ REVOLVING GRANT FUND PLANNING SMALL BUS. GRANT SBGP SMALL BUSINESS GRANT PAYOUT 621110 10/03/2025 ELAN FINANCIAL SERVICES I 1,873.72$ BUSINESS IMPROVEMENT FUND ACQUISITION OTHER SUPPLIES & EXPENSE WI ECON, ZOOM, DNT, WEDC MAILCHIP, BUS,JMR, AT&T 621321 10/27/2025 ELAN FINANCIAL SERVICES I 324.97$ BUSINESS IMPROVEMENT FUND ACQUISITION OTHER SUPPLIES & EXPENSE MEALS. DONAMIN, MICROS,DN T,WEDA,ZOOM, ROZY, MAILCH 621427 10/31/2025 EMBARK SUPPORTED EMPLOYMENT 400.00$ Public Museum PARKS OTHER CONTRAC SVCS-MISC OFHPM OFHPM MOWING 621427 10/31/2025 EMBARK SUPPORTED EMPLOYMENT 400.00$ Public Museum PARKS OTHER CONTRAC SVCS-MISC FAIRLA FAIRLAWN MOWING 621427 10/31/2025 EMBARK SUPPORTED EMPLOYMENT 400.00$ Public Museum PARKS OTHER CONTRAC SVCS-MISC SSMETE SSMETE MOWING 621555 11/07/2025 ENVIRONMENTAL CONSULTING 2,050.00$ WASTEWATER TREATMENT PLNT UTILITIES PROF SERVICES-LABORATORY LABBUD LAB WET TESTING OCT 621111 10/03/2025 ERICKSON POST CARDS & SOUVENIRS 110.70$ Public Museum PARKS OPERATING SUPP-OTHER MISC 6 CUPS 6 HATS GIFT SHOP 621111 10/03/2025 ERICKSON POST CARDS & SOUVENIRS 56.70$ Public Museum PARKS OPERATING SUPP-OTHER MISC 12 MAGNETS FOR GIFT SHOP 621112 10/03/2025 ESS BROTHERS & SONS, INC 1,202.50$ WASTEWATER TREATMENT PLNT UTILITIES RPR/MNT SUPP-PIPNG-CO SY MH FRAMES STOCK 621112 10/03/2025 ESS BROTHERS & SONS, INC 1,202.50$ STORMWATER UTILITY FUND UTILITIES RPR/MNT SUPP-PIPNG-CO SY MH FRAMES STOCK 621556 11/07/2025 EUROFINS TESTAMERICA 831.00$ LANDFILL FUND SOLID WASTE DISPOSAL OTHER CONTRAC SVCS-MISC GROUNDWATER SAMPLING 621113 10/03/2025 EWALD AUTOMOTIVE GROUP 51,022.00$ FIRE DEPT GRANT FUND FIRE DEPARTMENT OTHER SUPPLIES & EXPENSE EMSFAP 2025 FORD LIGHTNING EMS 621322 10/27/2025 FACTORY MOTOR PARTS 573.23$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS ROTOR ASY, PUMP ASY, STK PO #P13617 621557 11/07/2025 FACTORY MOTOR PARTS 360.17$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS DEXCOOL, GREASE, BULB PO #P13646 621557 11/07/2025 FACTORY MOTOR PARTS 113.69$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS TENSIONER PO #P13646 7 of 22 Check # Check Date Vendor Name Transaction Amount Fund Description Division Description Account Description Project Description 01 Description 02 621114 10/03/2025 FASTENAL COMPANY 100.71$ GENERAL FUND BUILDINGS & GROUNDS OPERATING SUPP-OTHER MISC B&G SUPPLIES BOLTS & SCREWS 621323 10/27/2025 FASTENAL COMPANY 14.70$ STORMWATER UTILITY FUND UTILITIES RPR & MNT SUPP-MACH/EQUIP BATTERY INVENTORY OCT 621323 10/27/2025 FASTENAL COMPANY (210.35)$ GENERAL FUND SHOP OPERATIONS OPERATING SUPP-OTHER MISC STEEL SCREW PIN ANCHOR PO #S2816 621323 10/27/2025 FASTENAL COMPANY 43.99$ GENERAL FUND SHOP OPERATIONS OPERATING SUPP-OTHER MISC CLEVIS SLIP HOOK PO #S2816 621323 10/27/2025 FASTENAL COMPANY 364.45$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SUPP-MACH/EQUIP MAINTENANCE SUPPLIES 621323 10/27/2025 FASTENAL COMPANY 14.71$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SUPP-MACH/EQUIP BATTERY INVENTORY OCT 621323 10/27/2025 FASTENAL COMPANY 131.74$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SUPP-MACH/EQUIP MAINTENANCE BATTERIES 621323 10/27/2025 FASTENAL COMPANY 398.95$ GENERAL FUND SHOP OPERATIONS OPERATING SUPP-OTHER MISC SHOP SUPPLIES PO #S2816 621323 10/27/2025 FASTENAL COMPANY 151.63$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SUPP-MACH/EQUIP MAINTENANCE HARDWARE 621323 10/27/2025 FASTENAL COMPANY 74.30$ GENERAL FUND SHOP OPERATIONS OPERATING SUPP-OTHER MISC WELD GLV, EYEWEAR PO #S2816 621323 10/27/2025 FASTENAL COMPANY 246.81$ GENERAL FUND BUILDINGS & GROUNDS OPERATING SUPP-OTHER MISC B&G SUPPLIES/CENTRAL PRK PIT FLTRS/JOBBERS 621323 10/27/2025 FASTENAL COMPANY 1,016.23$ GENERAL FUND SHOP OPERATIONS OPERATING SUPP-OTHER MISC HOOKS/GLOVES/EYEWEAR PO #S2816 621323 10/27/2025 FASTENAL COMPANY 328.20$ GENERAL FUND PARKS OPERATING SUPP-OTHER MISC P&R SUPPLIES GLOVES/EYEWEAR 621558 11/07/2025 FASTENAL COMPANY 4.91$ STORMWATER UTILITY FUND UTILITIES RPR & MNT SUPP-MACH/EQUIP BATTERY INVENTORY NOV 621558 11/07/2025 FASTENAL COMPANY 4.91$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SUPP-MACH/EQUIP BATTERY INVENTORY NOV 621224 10/17/2025 FERGUSON ENTERPRISES - 1657 3,812.93$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SUPP-MACH/EQUIP MOYNO REBUILD PARTS 621225 10/17/2025 FERGUSON WATERWORKS 174.87$ STORMWATER UTILITY FUND UTILITIES RPR/MNT SUPP-PIPNG-CO SY CB REHAB PIPE 621324 10/27/2025 FERRELLGAS 7.50$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SUPP-FUEL & OIL PROPANE TANK FILL 621324 10/27/2025 FERRELLGAS 7.50$ STORMWATER UTILITY FUND UTILITIES RPR & MNT SUPP-FUEL & OIL PROPANE TANK FILL 621325 10/27/2025 FINSTAD APPRAISALS 600.00$ ECONOMIC DEVELOPMENT FUND PLANNING OTHER SUPPLIES & EXPENSE PROPERTY APPRAISAL 621288 10/27/2025 FIRE FIGHTERS-LOCAL #74 3,164.70$ PAYROLL FUND UNION DUES DED. PAYABLE PAYROLL SUMMARY 621428 10/31/2025 FIRST ADVANTAGE LNS OCC. HEALTH SOL 36.71$ GENERAL FUND FIRE DEPARTMENT OTHER CONTRAC SVCS-MISC SFD DRUG TESTING 621428 10/31/2025 FIRST ADVANTAGE LNS OCC. HEALTH SOL 220.26$ GENERAL FUND HWY & STREET MAINT & CONS OTHER CONTRACT SVCS-MISC STREET DRUG TESTING 621428 10/31/2025 FIRST ADVANTAGE LNS OCC. HEALTH SOL 106.10$ GENERAL FUND PARKS OTHER CONTRAC SVCS-MISC PARKS DRUG TESTING 621428 10/31/2025 FIRST ADVANTAGE LNS OCC. HEALTH SOL 36.71$ LANDFILL FUND SOLID WASTE DISPOSAL OTHER CONTRAC SVCS-MISC LANDFILL DRUG TESTING 621428 10/31/2025 FIRST ADVANTAGE LNS OCC. HEALTH SOL 73.42$ GENERAL FUND SHOP OPERATIONS OTHER CONTRAC SVCS-MISC CEA DRUG TESTING 621428 10/31/2025 FIRST ADVANTAGE LNS OCC. HEALTH SOL 54.51$ GENERAL FUND POLICE DEPARTMENT OTHER CONTR SVCS-MISC SPD DRUG TESTING 621428 10/31/2025 FIRST ADVANTAGE LNS OCC. HEALTH SOL 146.84$ WASTEWATER TREATMENT PLNT UTILITIES PROF SERVICES - OTHER DRUGTS ESD DRUG TESTING 621428 10/31/2025 FIRST ADVANTAGE LNS OCC. HEALTH SOL 123.90$ GENERAL FUND HUMAN RESOURCES PROF SERVICES - OTHER HR DRUG TESTING 621429 10/31/2025 FRYBERGER, BUCHANAN, SMITH AND 484.50$ ECONOMIC DEVELOPMENT FUND PLANNING MISC CONTRACTUAL SVCS CHS DOCK REHABILITATION PREPAYMENT OF GRANTS 621429 10/31/2025 FRYBERGER, BUCHANAN, SMITH AND 931.50$ TOURISM COMMISSION COMMUNITY PROMOTION OTHER SUPPLIES & EXPENSE WI WINTER CAPITAL TM 621429 10/31/2025 FRYBERGER, BUCHANAN, SMITH AND 284.50$ ECONOMIC DEVELOPMENT FUND PLANNING MISC CONTRACTUAL SVCS BLATNIK BRIDGE WISDOT SALE OF PROPERTY 621429 10/31/2025 FRYBERGER, BUCHANAN, SMITH AND 1,024.00$ TOURISM COMMISSION COMMUNITY PROMOTION OTHER SUPPLIES & EXPENSE GOTTA BE SUPERIOR TRADEMARK 621429 10/31/2025 FRYBERGER, BUCHANAN, SMITH AND 309.25$ TID 19 PLANNING PROF SVCS-LEGAL LAKE SUPERIOR APARTMENTS TID 19 PROMISSORY NOTE 621429 10/31/2025 FRYBERGER, BUCHANAN, SMITH AND 548.25$ ECONOMIC DEVELOPMENT FUND PLANNING MISC CONTRACTUAL SVCS BLATNIK BRIDGE SALE APPROVALS 621430 10/31/2025 GALLS, LLC 196.53$ GENERAL FUND FIRE DEPARTMENT OTHER SUPPLIES & EXPENSE 8 SERVICE BARS 621326 10/27/2025 GARTNER REFRIGERATION COMPANY 110.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-MACH/EQUIP MF GRIT BLDG HEATER MNTNC 621326 10/27/2025 GARTNER REFRIGERATION COMPANY 110.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-MACH/EQUIP CSTP2 TUNNEL GAS HEATER 621326 10/27/2025 GARTNER REFRIGERATION COMPANY 498.80$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-MACH/EQUIP DIG BLDG AIR UNIT MNTNC 621326 10/27/2025 GARTNER REFRIGERATION COMPANY 228.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-MACH/EQUIP BFP BLDG FAN&UNIT HEATER 621326 10/27/2025 GARTNER REFRIGERATION COMPANY 110.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-MACH/EQUIP MF PMP BLDG GAS HEATER 621431 10/31/2025 GARTNER REFRIGERATION COMPANY 110.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-MACH/EQUIP CSTP2 BLWR PMP BLDG UNIT HEATER MNTNC 621431 10/31/2025 GARTNER REFRIGERATION COMPANY 787.32$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-MACH/EQUIP UV BLDG HVAC AIR HNDLG 621431 10/31/2025 GARTNER REFRIGERATION COMPANY 385.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-MACH/EQUIP MF O&C MECH RM DIG GAS BOILER ANNUAL MNTNC 621431 10/31/2025 GARTNER REFRIGERATION COMPANY 110.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-MACH/EQUIP MF SCRN BLDG BOILERS MNTC 621431 10/31/2025 GARTNER REFRIGERATION COMPANY 165.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-MACH/EQUIP BFP BLDG DISINFECTION AIR HANDLING UNIT 621431 10/31/2025 GARTNER REFRIGERATION COMPANY 338.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-MACH/EQUIP MF O&C NATURAL GAS BOILER ANNUAL MNTNC 621431 10/31/2025 GARTNER REFRIGERATION COMPANY 228.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-MACH/EQUIP MFP BLDG AIR HNDLG UNIT 8 of 22 Check # Check Date Vendor Name Transaction Amount Fund Description Division Description Account Description Project Description 01 Description 02 621431 10/31/2025 GARTNER REFRIGERATION COMPANY 118.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-MACH/EQUIP MF BLWR CHEM BLDG GAS HEATER MNTNC 621327 10/27/2025 GENERAL CLEANING CORPORATION 223.00$ LANDFILL FUND SOLID WASTE DISPOSAL OTHER CONTRAC SVCS-MISC CLEANING SERVICE 621328 10/27/2025 GERALD MANION 85.00$ GENERAL FUND CITY CLERK OTHER PER DIEM 9/24/25 MTG, TRAINING 621115 10/03/2025 GERBER LEISURE PRODUCTS 14,862.00$ HUD CDBG 14.218 B17MC-09 ADMINISTRATION OTHER CONTRAC SVCS-MISC 25WADE WADE BOWL SPLASH PAD 621115 10/03/2025 GERBER LEISURE PRODUCTS 6,809.00$ GENERAL FUND BUILDINGS & GROUNDS OPERATING SUPP-OTHER MISC B&G SUPPLIES PLAYGROUND PARTS 621560 11/07/2025 GOIN POSTAL 25.14$ HAZ MAT GRANT FUND PUBLIC SAFETY OTHER SUPPLIES & EXPENSE 13HZMT SHIP AIR SAMPLE 621560 11/07/2025 GOIN POSTAL 52.10$ WASTEWATER TREATMENT PLNT UTILITIES OTHER SUPPLIES & EXPENSE MF DIG FLOW METER SHIP 621116 10/03/2025 GRAINGER 30.54$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SUPP-MISC SAFETY EYEWASH PRESERVATIVE 621116 10/03/2025 GRAINGER 30.54$ STORMWATER UTILITY FUND UTILITIES RPR & MNT SUPP-MISC SAFETY EYEWASH PRESERVATIVE 621561 11/07/2025 GRAINGER 6,300.67$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SUPP-MACH/EQUIP DIG HEX FIRE EYE PARTS 621561 11/07/2025 GRAINGER 241.82$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS SWIVEL #443 PO #P13645 621117 10/03/2025 GREAT LAKES OFFICE SOLUTIONS, INC 181.58$ BUSINESS IMPROVEMENT FUND ACQUISITION OTHER SUPPLIES & EXPENSE SBID INK 621562 11/07/2025 GREAT PLACES ANALYSIS AND DESIGN 3,099.80$ CAPITAL IMPROVEMENT FUND MAJOR STREET PROJECTS CAPITAL IMPROVEMENTS BSHLTR BUS SHELTER PROJECT OVERSIGHT SVCS 621330 10/27/2025 GREATAMERICA FINANCIAL SVCS 69.48$ LIBRARY SPEC REV FUND LIBRARY OTHER CONTRAC SVCS-MISC COPIER LEASE 621330 10/27/2025 GREATAMERICA FINANCIAL SVCS 112.91$ LIBRARY SPEC REV FUND LIBRARY OTHER CONTRAC SVCS-MISC COIN OP LEASE 621432 10/31/2025 GREEN PROPERTY SERVICES LLC 1,240.00$ LIBRARY SPEC REV FUND LIBRARY RPR & MNT SVC-BUILDINGS MAINTENANCE, LIGHT BULBS 621432 10/31/2025 GREEN PROPERTY SERVICES LLC 558.74$ LIBRARY SPEC REV FUND LIBRARY RPR & MNT SUPP-MISC MAINTENANCE, LIGHT BULBS 621331 10/27/2025 GREG'S TRUCKING 4,752.00$ CAPITAL IMPROVEMENT FUND PARKS CAPITAL IMPROVEMENTS ARPASP SKATE PARK/ARPA FUNDS BLACK DIRT 621565 11/07/2025 GRINDLINE SKATEPARKS INC 48,862.37$ CAPITAL IMPROVEMENT FUND RETAINAGE PAYABLE ARPASP SKATE PARK PROJECT PAY APP 11 RETAINAGE PAY 621332 10/27/2025 HANCO CORPORATION 661.32$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS (4) 12X16.5 KENDA 10PLY PO #T924691 621332 10/27/2025 HANCO CORPORATION 99.55$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS (2) 18X6.05-8 #554 PO #T877960 621567 11/07/2025 HANCO CORPORATION 5,458.00$ GENERAL FUND SHOP OPERATIONS OTHER SUPPLIES & EXPENSE WHEEL BALANCER PO #ST0356 621197 10/08/2025 HANCO UTILITIES, INC 2,735.00$ ARPA GRANT ADMINISTRATION CAPITAL EQUIPMENT FIBER RESIDENTIAL DROP 621491 10/31/2025 HANCO UTILITIES, INC 7,998.76$ ARPA GRANT ADMINISTRATION CAPITAL EQUIPMENT FIBER MATERIALS 621491 10/31/2025 HANCO UTILITIES, INC 24,945.00$ ARPA GRANT ADMINISTRATION CAPITAL EQUIPMENT FIBER RESIDENTIAL DROP 621491 10/31/2025 HANCO UTILITIES, INC 36,174.51$ ARPA GRANT ADMINISTRATION CAPITAL EQUIPMENT FIBER FIBER CONSTRUCTION 2024 PROGRESS BILLING 621491 10/31/2025 HANCO UTILITIES, INC (1,808.73)$ CAPITAL IMPROVEMENT FUND RETAINAGE PAYABLE FIBER FIBER CONSTRUCTION 2024 PROGRESS BILLING RETAIN 621568 11/07/2025 HANCO UTILITIES, INC 3,128.60$ ARPA GRANT ADMINISTRATION CAPITAL EQUIPMENT FIBER RESIDENTIAL DROP MULTI DWELLING 621568 11/07/2025 HANCO UTILITIES, INC 32,820.00$ ARPA GRANT ADMINISTRATION CAPITAL EQUIPMENT FIBER RESIDENTIAL DROP 621433 10/31/2025 HARBOR HOUSE CRISIS SHELTER 3,937.70$ HUD CDBG 14.218 B17MC-09 ADMINISTRATION OTHER CONTRAC SVCS-MISC 25HHSE REIMB 7/1-9/30/25 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 23.10$ LANDFILL FUND RECYCLING OTHER CONTRAC SVCS-MISC SENIOR CENTER - 96 GALLON 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 21.00$ GENERAL FUND AIRPORT OTHER CONTRAC SVCS-MISC AIRPORT - 8 YARD 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 34.65$ LANDFILL FUND RECYCLING OTHER CONTRAC SVCS-MISC LIBRARY - 96 GALLON 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 11.55$ LANDFILL FUND RECYCLING OTHER CONTRAC SVCS-MISC FIRE HALL #2 - 96 GALLON 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 46.20$ LANDFILL FUND RECYCLING OTHER CONTRAC SVCS-MISC PUBLIC WORKS - 64 GALLON 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 37,980.25$ LANDFILL FUND RECYCLING OTHER CONTRAC SVCS-MISC RESD. RECYLING CONTRACT 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 18.90$ WASTEWATER TREATMENT PLNT UTILITIES OTHER CONTRAC SVCS-MISC SEWAGE PLANT - 6 YARD 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 23.10$ LANDFILL FUND RECYCLING OTHER CONTRAC SVCS-MISC PUBLIC WORKS - 96 GALLON 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 11.55$ LANDFILL FUND RECYCLING OTHER CONTRAC SVCS-MISC HISTORICAL SOCIETY - 96 GALLON 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 45.68$ GENERAL FUND SHOP OPERATIONS OTHER CONTRAC SVCS-MISC PUBLIC WORKS - 8 YARD 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 23.10$ LANDFILL FUND RECYCLING OTHER CONTRAC SVCS-MISC BONG MUSEUM - 96 GALLON 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 11.55$ LANDFILL FUND RECYCLING OTHER CONTRAC SVCS-MISC LANDFILL - 96 GALLON 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 65.00$ GENERAL FUND SHOP OPERATIONS OTHER CONTRAC SVCS-MISC PUBLIC WORKS - 4 YARD 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 11.55$ LANDFILL FUND RECYCLING OTHER CONTRAC SVCS-MISC LIBERTY BUILDING - 96 GALLON 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 18.90$ LANDFILL FUND RECYCLING OTHER CONTRAC SVCS-MISC LIBERTY BUILDING - 6 YARD 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 23.10$ LANDFILL FUND RECYCLING OTHER CONTRAC SVCS-MISC FIRE HALL #3 - 96 GALLON 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 30.50$ GENERAL FUND SHOP OPERATIONS OTHER CONTRAC SVCS-MISC PUBLIC WORKS - RECYCLE EQUIPMENT CHARGES 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 46.20$ LANDFILL FUND RECYCLING OTHER CONTRAC SVCS-MISC SEWAGE PLANT - 96 GALLON 9 of 22 Check # Check Date Vendor Name Transaction Amount Fund Description Division Description Account Description Project Description 01 Description 02 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 18.00$ LIBRARY SPEC REV FUND LIBRARY OTHER CONTRAC SVCS-MISC LIBRARY - 4 YARD 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 23.10$ LANDFILL FUND RECYCLING OTHER CONTRAC SVCS-MISC FAIRLAWN MUSEUM - 96 GALLON 621226 10/17/2025 HARTELS/DBJ DISPOSAL COMPANIES LLC 23.10$ LANDFILL FUND RECYCLING OTHER CONTRAC SVCS-MISC FIRE HALL #1 - 96 GALLON 621570 11/07/2025 HAWKINS INC. 11,649.33$ WASTEWATER TREATMENT PLNT UTILITIES OPER SUPP-CHEMICALS MF FERRIC 621204 10/13/2025 HEAD OF THE LAKES UNITED WAY 10.00$ PAYROLL FUND UNITED FUND CONT PAYABLE PAYROLL SUMMARY 621289 10/27/2025 HEAD OF THE LAKES UNITED WAY 10.00$ PAYROLL FUND UNITED FUND CONT PAYABLE PAYROLL SUMMARY 621434 10/31/2025 HIGHLANDS RESTORATION WELLNESS LLC 2,000.00$ POLICE GRANT & LIAISON FD POLICE DEPARTMENT OTHER CONTR SVCS-MISC 19183 ROOM AND BOARD 621284 10/21/2025 HOLY BUCKETS INC 1,250.00$ GENERAL FUND BUILDINGS & GROUNDS OTHER CONTRAC SVCS-MISC OFFICE CLEANING 621492 10/31/2025 HOLY BUCKETS INC 2,250.00$ GENERAL FUND BUILDINGS & GROUNDS OTHER CONTRAC SVCS-MISC OFFICE CLEANING 9.29-10.17.25 621435 10/31/2025 HUBER TECHNOLOGY INC 1,300.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SUPP-MACH/EQUIP SCREEN BAGS 621333 10/27/2025 IAAO 255.00$ GENERAL FUND ASSESSOR PUBS, SUBS, DUES 2026 RENEWAL- C PAYTON 621436 10/31/2025 IMAGEONE UNIFORMS 283.69$ SELF INSURED HEALTH FUND FINANCE OTHER SUPPLIES & EXPENSE WELNES 6 FT TABLE THROW 621118 10/03/2025 INGRAM LIBRARY SERVICES LLC 741.50$ LIBRARY SPEC REV FUND LIBRARY OTHER EXP-PRINT/DIGITAL PRINT 621334 10/27/2025 INGRAM LIBRARY SERVICES LLC 1,065.22$ LIBRARY SPEC REV FUND LIBRARY OTHER EXP-PRINT/DIGITAL PRINT 621573 11/07/2025 INGRAM LIBRARY SERVICES LLC 1,356.30$ LIBRARY SPEC REV FUND LIBRARY OTHER EXP-PRINT/DIGITAL PRINT 621335 10/27/2025 INNOVATIVE OFFICE SOLUTIONS LLC 31.81$ STORMWATER UTILITY FUND UTILITIES OFFICE SUPPLIES OFFICE INVENTORY OCTOBER 621335 10/27/2025 INNOVATIVE OFFICE SOLUTIONS LLC 31.83$ WASTEWATER TREATMENT PLNT UTILITIES OFFICE SUPPLIES OFFICE INVENTORY OCTOBER 621335 10/27/2025 INNOVATIVE OFFICE SOLUTIONS LLC 181.96$ GENERAL FUND CITY COUNCIL OTHER SUPPLIES & EXPENSE PAPER 621335 10/27/2025 INNOVATIVE OFFICE SOLUTIONS LLC 2,905.66$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SVC-BUILDINGS OFFICE 103B RECONFIG 621574 11/07/2025 INNOVATIVE OFFICE SOLUTIONS LLC 9.61$ STORMWATER UTILITY FUND UTILITIES OFFICE SUPPLIES OFFICE INVENTORY NOV 621574 11/07/2025 INNOVATIVE OFFICE SOLUTIONS LLC 9.61$ WASTEWATER TREATMENT PLNT UTILITIES OFFICE SUPPLIES OFFICE INVENTORY NOV 621119 10/03/2025 INNVOATIVE PEST SOLUTIONS, LLC 434.95$ GENERAL FUND BUILDINGS & GROUNDS OPERATING SUPP-OTHER MISC PEST CONTROL 621120 10/03/2025 INTERSTATE BATTERY 77.00$ GENERAL FUND POLICE DEPARTMENT OPERATING SUPP-OTHER MISC BEARCAT BATTERIES 621493 10/31/2025 INTERSTATE BATTERY 94.20$ GENERAL FUND POLICE DEPARTMENT OPERATING SUPP-OTHER MISC BATTERIES 621493 10/31/2025 INTERSTATE BATTERY 388.80$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SUPP-MACH/EQUIP FLOW METER BATTERIES 621493 10/31/2025 INTERSTATE BATTERY 369.60$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS BATTERIES PO #P13616 621493 10/31/2025 INTERSTATE BATTERY 388.80$ STORMWATER UTILITY FUND UTILITIES RPR & MNT SUPP-MACH/EQUIP FLOW METER BATTERIES 621575 11/07/2025 INTERSTATE BATTERY (893.70)$ GENERAL FUND FIRE DEPARTMENT RPR & MNT SUPP-VEHIC PRTS RERUEN 6 BATTERIES 621575 11/07/2025 INTERSTATE BATTERY 893.70$ GENERAL FUND FIRE DEPARTMENT RPR & MNT SUPP-VEHIC PRTS 6 BATTERIES 621575 11/07/2025 INTERSTATE BATTERY 331.90$ GENERAL FUND FIRE DEPARTMENT RPR & MNT SUPP-VEHIC PRTS BATTERY UNIT 214 F450 621575 11/07/2025 INTERSTATE BATTERY 905.70$ GENERAL FUND FIRE DEPARTMENT RPR & MNT SUPP-VEHIC PRTS 6 BATTERIES E5 621575 11/07/2025 INTERSTATE BATTERY 24.89$ GENERAL FUND POLICE DEPARTMENT OPERATING SUPP-OTHER MISC BATTERIES 621336 10/27/2025 INVOICE CLOUD INC 40.97$ WASTEWATER TREATMENT PLNT UTILITIES LICENSES & PERMITS UTILITY BILLING ONLINE PAYMENT FEES 621336 10/27/2025 INVOICE CLOUD INC 20.48$ LANDFILL FUND REFUSE & GARBAGE COLLECTI OTHER CONTRAC SVCS-MISC UTILITY BILLING ONLINE PAYMENT FEES 621336 10/27/2025 INVOICE CLOUD INC 40.97$ STORMWATER UTILITY FUND UTILITIES LICENSES & PERMITS UTILITY BILLING ONLINE PAYMENT FEES 621336 10/27/2025 INVOICE CLOUD INC 20.48$ LANDFILL FUND RECYCLING OTHER CONTRAC SVCS-MISC UTILITY BILLING ONLINE PAYMENT FEES 621576 11/07/2025 IPROMOTEU 2,805.60$ GENERAL FUND ADMINISTRATION OPERATING SUPP-OTHER MISC PW APPRECATION HATS 2025 621121 10/03/2025 IRON MAN MECHANICAL LLC 4,780.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR/MNT SVC-OTHR MISC-CS SFCP SFCP1999,GLANVILLE,1110E5 621337 10/27/2025 IVANS UPHOLSTERY AND DYE 180.00$ GENERAL FUND SHOP OPERATIONS RPR & MNT SVC-MACH & EQ REPL OUTER BOLSTERS #323 PO #C1800 621494 10/31/2025 J.J. KELLER AND ASSOC. INC. 290.20$ GENERAL FUND PARKS BENEFITS-LIC FEE REIMB CDL TRAINING 621494 10/31/2025 J.J. KELLER AND ASSOC. INC. 290.25$ GENERAL FUND BUILDINGS & GROUNDS BENEFITS-LIC FEE REIMB CDL TRAINING 621494 10/31/2025 J.J. KELLER AND ASSOC. INC. 145.10$ GENERAL FUND HWY & STREET MAINT & CONS BENEFITS-LIC FEE REIMB CDL TRAINING 621122 10/03/2025 JACK RABBIT CLEANING 4,000.00$ GENERAL FUND FIRE DEPARTMENT OTHER CONTRAC SVCS-MISC VAULT CLEANING 9.2025 621339 10/27/2025 JFTCO, INC 72.67$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS HARNESS #159 PO #P13631 621339 10/27/2025 JFTCO, INC (307.23)$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS SENSOR #159 PO #P13631 621339 10/27/2025 JFTCO, INC 307.23$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS SENSOR #159 PO #P13631 621339 10/27/2025 JFTCO, INC 175.28$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS BREATHER PO #P13632 621339 10/27/2025 JFTCO, INC 47.07$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS FUEL ELEMENT PO #P13632 10 of 22 Check # Check Date Vendor Name Transaction Amount Fund Description Division Description Account Description Project Description 01 Description 02 621339 10/27/2025 JFTCO, INC 1,796.29$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS ELEMENT/BREATHER PO #P13632 621339 10/27/2025 JFTCO, INC 321.68$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS ELEMENT, HYDRO ADVANCE PO #P13625 621339 10/27/2025 JFTCO, INC 858.28$ GENERAL FUND SHOP OPERATIONS RPR/MNT SUPP-MACH/EQ PRTS HOSE #159 PO #P13626 621123 10/03/2025 JUDITH HERRERA 25.00$ GENERAL FUND PARKING VIOLATIONS REFUND -OVER PYMT PARKING TICKET 621579 11/07/2025 JUSTFOIA INC 13,331.06$ INFO TECH FUND DATA PROCESSING OTHER CONTRAC SVCS-MISC ANNUAL BILLING 621580 11/07/2025 KAPCO 325.60$ LIBRARY SPEC REV FUND LIBRARY OPERATING SUPP-OTHER MISC BOOK PROCESSING SUPPLIES 621243 10/17/2025 KELLY B PETERSON 333.34$ BUSINESS IMPROVEMENT FUND ACQUISITION OTHER CONTRAC SVCS-MISC INSURANCE REIMBURSEMENT 621227 10/17/2025 KELLY PETERSON 506.30$ BUSINESS IMPROVEMENT FUND ACQUISITION OTHER SUPPLIES & EXPENSE SBID KELLY PETERSON REIMBURSEMENT 621437 10/31/2025 KRIST OIL COMPANY 48.38$ LANDFILL FUND SOLID WASTE DISPOSAL RPR & MNT SUPP-FUEL & OIL #999, LF, OFF ROAD ACCT #222232 621437 10/31/2025 KRIST OIL COMPANY 166.60$ GENERAL FUND PARKS RPR & MNT SUPP-FUEL/OIL #999, LF, OFF ROAD ACCT #222232 621437 10/31/2025 KRIST OIL COMPANY 252.54$ GENERAL FUND HWY & STREET MAINT & CONS RPR & MNT SUPP-FUEL/OIL #999, LF, OFF ROAD ACCT #222232 621228 10/17/2025 KWIK TRIP, INC (2.61)$ GENERAL FUND FIRE DEPARTMENT RPR & MNT SUPP-FUEL/OIL FUEL CREDITS 621228 10/17/2025 KWIK TRIP, INC 50.07$ GENERAL FUND FIRE DEPARTMENT RPR & MNT SUPP-FUEL/OIL PREM FUEL 621444 10/31/2025 KYLE ENTERPRISES LLC 765.88$ ARPA GRANT ADMINISTRATION CAPITAL EQUIPMENT FIBER RACK MOUNT SPLITTER 621582 11/07/2025 L & S ELECTRIC, INC. I 940.00$ WASTEWATER TREATMENT PLNT UTILITIES RPR & MNT SUPP-MACH/EQUIP VFD ETHERNET CARDS 62100 10/10/2025 LAKE SUPERIOR APARTMENTS LLC 500,000.00$ AFFORDABLE HOUSING FUND NOTES AND LOANS RECEIVABL MAX PRINCIPAL LOAN 62100 10/10/2025 LAKE SUPERIOR APARTMENTS LLC (500,000.00)$ AFFORDABLE HOUSING FUND NOTES AND LOANS RECEIVABL MAX PRINCIPAL LOAN VOID WRONG CHECK NUMBER 621200 10/10/2025 LAKE SUPERIOR APARTMENTS LLC 500,000.00$ AFFORDABLE HOUSING FUND NOTES AND LOANS RECEIVABL MAX PRINCIPAL LOAN REISSUE WRONG CHECK NUMBR 621401 10/29/2025 LAKE SUPERIOR AREA REALTORS 200.00$ GENERAL FUND ASSESSOR PUBS, SUBS, DUES 2026 LSAR ANNUAL DUES 621124 10/03/2025 LAKE SUPERIOR MAGAZINE 300.00$ BUSINESS IMPROVEMENT FUND ACQUISITION OTHER SUPPLIES & EXPENSE OCT/NOV BANNER 621229 10/17/2025 LAURA ELIZABETH JACOBS 750.00$ LIBRARY SPEC REV FUND LIBRARY OTHER CONTRAC SVCS-MISC ARCHIVAL CONSULTING 621340 10/27/2025 LEE RECREATION, LLC 4,725.00$ ARPA GRANT PARKS CAPITAL IMPROVEMENTS RESTRM P&R SUPPLIES ENGINEERED WOOD FIBER 621341 10/27/2025 LEGACY PHILANTHROPY WORKS 5,621.15$ CAPITAL IMPROVEMENT FUND PARKS CAPITAL IMPROVEMENTS WIPTRE WI POINT VISITOR USE ASSESSMENT PROJECT 621342 10/27/2025 LERNER PUBLISHING GROUP 515.76$ LIBRARY SPEC REV FUND LIBRARY OTHER EXP-PRINT/DIGITAL PRINT 621438 10/31/2025 LOFFLER COMPANIES INC 456.00$ GENERAL FUND ELECTIONS