Kenyon City Council, May 18, 2026

Mayor Kirchmann called the special meeting to order at 6:00 pm.

Presentation, review and discussion of tax increment and financing issues for the Kenyon Real Estate 2 LLC "Sunset Homes" redevelopment project. Tammy with Northland Securities reviewed the process of how proposed tax increment financing works and what the difference was between what the Northland TIF proposal and Rebounds TIF request to the city. Administrator Lehner recapped and summarized what was presented and why we were here tonight. Northland is recommending $800,000 in TIF assistance. Rebound was looking for $1.855 million in TIF assistance. A June 9 public hearing will be held where official action may take place. Brett Reese reviewed the timeline since they purchased the Sunset property in 2024. Alex Baraniak reviewed the housing development project that is being planned to replace the sections to be demolished and stated the advantages of adding this new housing to the community. The plan would be to have construction completed in 2027.

Other Project-Related Matters

None

Council Member Bailey Resignation

Resolution 2026-17: Declaring a Vacancy to Exist in the Office of City Council and Providing for the Appointment Thereof Attorney Riggs stated that to put this vacancy on the November ballot, Bailey should resign effective immediately and be reappointed to the council until the special election is held in November.

Holli Gudknecht, Deputy City Clerk Donald Kirchmann, Mayor

Agenda Item Summary CITY COUNCIL AGENDA ITEM REPORT

DATE: June 9, 2026

SUBMITTED BY: Holli Gudknecht, Administration

ITEM TYPE: Miscellaneous

Agenda Section: Presentations / Public Hearings

RECOGNITIONS/PROCLAMATIONS

SUBJECT: Toward Zero Death Program – Anna Kelly, Goodhue County TZD Safe

Roads Grant Coordinator

Suggested Action:

Attachments:

6_9_2026_Kenyon_City_Council_TZD_Presentation.pptx

Goodhue County Toward Zero Deaths (TZD) Safe Roads Grant Kenyon City Council Tuesday, June 9, 2026

Anna Kelly, Goodhue County TZD Safe Roads Grant Coordinator

Mission Our mission is to create a culture for which traffic fatalities and serious injuries are no longer acceptable through the integrated application of education, engineering, enforcement, and emergency medical and trauma services. These efforts will be driven by data, best practices, and research.

A comprehensive traffic safety program serving all of Minnesota

TZD Cornerstone Four E approach:  Enforcement  Engineering  Education & Outreach  Emergency Medical & Trauma Services  Everyone Else!

Preventable Crashes, Not Accidents  Every death is avoidable  We all have a role to play

Why Traffic Safety Matters Last year in Minnesota:  363 people never made it home  Nearly 30,000 were injured

Every single day in Minnesota:  174 crashes  65 injuries  1 person dies – every day

Real people. Real lives. Real choices.

Year-to-Date Traffic-Related Deaths

As of June 8, 2026, there have been 135 traffic-related deaths on Minnesota roads.

27 28 29 30 31 Upcoming TZD Events: • Summer Kick-Off Event in Cannon Falls, MN • June 11th • PIIC Public Safety Day in Red Wing, MN • June 11th • Adult Detention Center Presentations • June 22nd • PBT Event at the Guilty Goose in Zumbrota, MN • July 24th, 4-7pm • PBT Event at the Haycreek Campground in Red Wing, MN • July 31st, 4-7pm

How can YOU get involved?

How can YOU get involved? • SE TZD Steering Committee • TZD Safe Roads Coalitions

Thank you!

Agenda Item Summary CITY COUNCIL AGENDA ITEM REPORT

DATE: June 9, 2026

SUBMITTED BY: Holli Gudknecht, Administration

ITEM TYPE: Administrator Update

Agenda Section: Administrator Update

Subject:

ADMINISTRATOR UPDATE

1. KMU Bank Account Closure 2. Police Department Staffing Update

SUGGESTED ACTION: Administrator Lehner will give an update.

Attachments:

AGENDA ITEM NO. VIIA.

Agenda Item Summary

CITY COUNCIL AGENDA ITEM REPORT

DATE: June 9, 2026

SUBMITTED BY: Holli Gudknecht, Engineering

ITEM TYPE: Engineering

Agenda Section: Engineering

Subject:

2025 Street & Utility Project

Suggested Action:

Utility work is mostly complete within Langford Avenue and the crew is now beginning to build the street structure. There have been a number of delays caused by private utility conflicts with the new work, but Fitzgerald is doing a nice job of keeping the project moving. We expect sewer lining work to start within a week or so. Pavement is scheduled for later in June.

The attached pay estimate includes work completed through 5/29/2026.

Requested Action:

Motion approving Pay Estimate #6 for the 2025 Street & Utility Improvements

Attachments:

134934 Pay Application No. 6.pdf

Contractor's Application for Payment Owner: CITY OF KENYON Owner's Project No.: N/A Engineer: BOLTON & MENK Engineer's Project No.: 24X.134934.000 Contractor: FITZGERALD EXCAVATING & TRUCKING INC Agency's Project No.: N/A Project: 2025 STREET & UTILITY IMPROVEMENTS Contract: N/A Application No.: 6 Application Date: 6/9/2026 Application Period: From 5/2/2026 to 5/29/2026

1. Original Contract Price $ 2,294,629.25 2. Net change by Change Orders $ (37,814.00) 3. Current Contract Price (Line 1 + Line 2) $ 2,256,815.25 4. Total Work completed and materials stored to date (Sum of Column G Lump Sum Total and Column J Unit Price Total) $ 1,479,176.27 5. Retainage a. 5% X $ 1,479,176.27 Work Completed $ 73,958.81 b. X $ - Stored Materials $ - c. Total Retainage (Line 5.a + Line 5.b) $ 73,958.81 6. Amount eligible to date (Line 4 - Line 5.c) $ 1,405,217.46 7. Less previous payments $ 1,102,394.70 8. Amount due this application $ 302,822.76 Contractor's Certification The undersigned Contractor certifies, to the best of its knowledge, the following: (1) All previous progress payments received from Owner on account of Work done under the Contract have been applied on account to discharge Contractor's legitimate obligations incurred in connection with the Work covered by prior Applications for Payment; (2) Title to all Work, materials and equipment incorporated in said Work, or otherwise listed in or covered by this Application for Payment, will pass to Owner at time of payment free and clear of all liens, security interests, and encumbrances (except such as are covered by a bond acceptable to Owner indemnifying Owner against any such liens, security interest, or encumbrances); and (3) All the Work covered by this Application for Payment is in accordance with the Contract Documents and is not defective.

Contractor: Fitzgerald Excavating and Trucking, LLC

Signature: Date: Name: Nick Dahle Title: Project Manager

Recommended by Engineer Approved by Owner

By: By: Name: Derek Olinger, P.E. Name: Scott Lehner Title: City Engineer Title: City Administrator Date: Date:

EJCDC C-620 Contractor's Application for Payment

(c) 2018 National Society of Professional Engineers for EJCDC. All rights reserved. 38 \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ Contractor's Application for Payment Owner: CITY OF KENYON Owner's Project No.: Engineer: BOLTON & MENK Engineer's Project No.: 24X.134934.000 Contractor: FITZGERALD EXCAVATING & TRUCKING INC Contractor's Project No.: Project: 2025 STREET & UTILITY IMPROVEMENTS Agency's Project No.: Contract:

Application No.: 6 Application Period: From 05/02/26 to 05/29/26 Application Date: 06/09/26

A B C D E F F1 F2 G H I J K L Contract Information Previous Estimate Work Completed Work Completed % of Estimated Value of Work and Materials Value of Value of Bid Item Quantity Completed to Date Materials Currently Stored Stored to Date Item Balance to Finish (F Bid Item Unit Price (C X E) Quantity Previous Value Previous Incorporated in (E X G) (not in G) (H + I) (J / F) - J) No. Description Item Quantity Units ($) ($) Estimate Estimate the Work ($) ($) ($) (%) ($) Original Contract 1 MOBILIZATION 1.00 LS 37,500.00 37,500.00 0.50 18,750.00 0.66 24,750.00 24,750.00 66% 12,750.00 2 CLEARING 6.00 EACH 1,000.00 6,000.00 6.00 6,000.00 6.00 6,000.00 6,000.00 100% - 3 GRUBBING 6.00 EACH 500.00 3,000.00 6.00 3,000.00 6.00 3,000.00 3,000.00 100% - 4 SALVAGE SIGN 5.00 EACH 50.00 250.00 4.00 200.00 6.00 300.00 300.00 120% (50.00) 5 SAWING CONCRETE PAVEMENT (FULL DEPTH) 95.00 LF 7.00 665.00 88.00 616.00 88.00 616.00 616.00 93% 49.00 6 SAWING BITUMINOUS PAVEMENT (FULL DEPTH) 402.00 LF 5.00 2,010.00 198.00 990.00 198.00 990.00 990.00 49% 1,020.00 7 REMOVE CURB AND GUTTER 1,305.00 LF 5.00 6,525.00 1,253.00 6,265.00 1,253.00 6,265.00 6,265.00 96% 260.00 8 REMOVE CONCRETE DRIVEWAY PAVEMENT 128.00 SY 10.00 1,280.00 84.50 845.00 84.50 845.00 845.00 66% 435.00 9 REMOVE BITUMINOUS DRIVEWAY PAVEMENT 230.00 SY 7.00 1,610.00 124.00 868.00 124.00 868.00 868.00 54% 742.00 10 REMOVE BITUMINOUS PAVEMENT 4,907.00 SY 4.00 19,628.00 4,854.60 19,418.40 4,854.60 19,418.40 19,418.40 99% 209.60 11 REMOVE CONCRETE WALK 480.00 SF 2.00 960.00 237.10 474.20 237.10 474.20 474.20 49% 485.80 12 EXCAVATION - COMMON (P) 2,857.00 CY 13.00 37,141.00 1,190.00 15,470.00 1,617.00 21,021.00 21,021.00 57% 16,120.00 13 EXCAVATION - SUBGRADE (P) 1,394.00 CY 13.00 18,122.00 682.00 8,866.00 983.00 12,779.00 12,779.00 71% 5,343.00 14 EXPLORATORY EXCAVATION 8.00 HR 300.00 2,400.00 11.50 3,450.00 14.50 4,350.00 4,350.00 181% (1,950.00) 15 SELECT GRANULAR EMBANKMENT (CV) (P) 1,394.00 CY 25.00 34,850.00 682.00 17,050.00 983.00 24,575.00 24,575.00 71% 10,275.00 16 GEOTEXTILE FABRIC TYPE 9 5,574.00 SY 2.50 13,935.00 1,984.40 4,961.00 2,887.70 7,219.25 7,219.25 52% 6,715.75 17 AGGREGATE SURFACING CLASS 2 36.00 CY 30.00 1,080.00 - - - - - 1,080.00 18 AGGREGATE BASE (CV) CLASS 5 (P) 1,167.00 CY 25.00 29,175.00 455.00 11,375.00 589.00 14,725.00 14,725.00 50% 14,450.00 19 SURFACE RESTORATION (2ND ST) 1.00 LS 47,500.00 47,500.00 1.00 47,500.00 1.00 47,500.00 47,500.00 100% - 20 PAVEMENT MARKINGS (2ND ST) 1.00 LS 4,860.00 4,860.00 - - - - - 4,860.00 21 SURFACE RESTORATION (SANITARY REPAIR) 3.00 EACH 4,500.00 13,500.00 3.00 13,500.00 3.00 13,500.00 13,500.00 100% - 22 GRAVEL RESTORATION (SANITARY REPAIR) 1.00 EACH 1,000.00 1,000.00 1.00 1,000.00 1.00 1,000.00 1,000.00 100% - 23 TYPE SP 9.5 WEARING COURSE MIXTURE (3;C) 1.5" THICK 7,760.00 SY 9.00 69,840.00 - - - - - 69,840.00 24 TYPE SP 12.5 WEARING COURSE MIXTURE (3;C) 2.0" THICK 2,807.00 SY 11.75 32,982.25 - - - - - 32,982.25 25 TYPE SP 12.5 WEARING COURSE MIXTURE (3;C) 2.5" THICK 2,145.00 SY 14.50 31,102.50 2,164.00 31,378.00 2,164.00 31,378.00 31,378.00 101% (275.50) 26 BITUMINOUS PATCH SPECIAL (DRIVEWAY) 70.00 SY 36.00 2,520.00 - - - - - 2,520.00 27 6" PERF PVC PIPE DRAIN 2,281.00 LF 15.25 34,785.25 1,079.30 16,459.33 1,488.30 22,696.58 22,696.58 65% 12,088.67 28 SUMP PUMP SERVICE 13.00 EACH 1,000.00 13,000.00 10.00 10,000.00 10.00 10,000.00 10,000.00 77% 3,000.00 29 DRAIN OUTLET DESIGN SPECIAL (END SECTION) 1.00 EACH 400.00 400.00 1.00 400.00 1.00 400.00 400.00 100% - 30 6" PVC PIPE DRAIN CLEANOUT 7.00 EACH 300.00 2,100.00 6.00 1,800.00 6.00 1,800.00 1,800.00 86% 300.00 31 CONCRETE STEP 170.00 SF 30.00 5,100.00 77.90 2,337.00 77.90 2,337.00 2,337.00 46% 2,763.00 32 4" CONCRETE WALK 355.00 SF 7.50 2,662.50 260.60 1,954.50 260.60 1,954.50 1,954.50 73% 708.00 33 6" CONCRETE WALK 70.00 SF 12.25 857.50 - - - - - 857.50 34 CONCRETE CURB AND GUTTER DESIGN B618 1,060.00 LF 25.80 27,348.00 1,102.00 28,431.60 1,102.00 28,431.60 28,431.60 104% (1,083.60) 35 CONCRETE CURB AND GUTTER DESIGN D DRIVEOVER 1,910.00 LF 23.75 45,362.50 - - - - - 45,362.50 36 6" CONCRETE DRIVEWAY PAVEMENT 175.00 SY 88.25 15,443.75 102.50 9,045.63 102.50 9,045.63 9,045.63 59% 6,398.12 37 7" CONCRETE DRIVEWAY PAVEMENT 420.00 SY 92.50 38,850.00 - - - - - 38,850.00 38 7" CONCRETE VALLEY GUTTER 71.00 SY 95.00 6,745.00 57.00 5,415.00 57.00 5,415.00 5,415.00 80% 1,330.00 39 TRUNCATED DOMES 10.00 SF 55.00 550.00 - - - - - 550.00 40 TRAFFIC CONTROL 1.00 LS 14,000.00 14,000.00 0.50 7,000.00 0.66 9,240.00 9,240.00 66% 4,760.00 41 INSTALL SIGN 6.00 EACH 350.00 2,100.00 3.00 1,050.00 3.00 1,050.00 1,050.00 50% 1,050.00 42 STABILIZED CONSTRUCTION EXIT 2.00 LS 500.00 1,000.00 1.00 500.00 1.00 500.00 500.00 50% 500.00 43 EROSION CONTROL SUPERVISOR 1.00 LS 500.00 500.00 0.38 187.50 0.38 187.50 187.50 38% 312.50 44 STORM DRAIN INLET PROTECTION 30.00 EACH 200.00 6,000.00 12.00 2,400.00 12.00 2,400.00 2,400.00 40% 3,600.00 45 SILT FENCE; TYPE MS 235.00 LF 2.50 587.50 235.00 587.50 235.00 587.50 587.50 100% - 46 SEDIMENT CONTROL LOG TYPE WOOD FIBER 240.00 LF 5.00 1,200.00 420.00 2,100.00 420.00 2,100.00 2,100.00 175% (900.00) 47 SEDIMENT CONTROL LOG TYPE ROCK 120.00 LF 5.00 600.00 20.00 100.00 20.00 100.00 100.00 17% 500.00 48 COMPOST GRADE 2 140.00 CY 30.00 4,200.00 - - - - - 4,200.00 49 FERTILIZER TYPE 3 105.00 LB 2.50 262.50 - - - - - 262.50 50 SODDING 2,515.00 SY 7.00 17,605.00 774.00 5,418.00 1,612.00 11,284.00 11,284.00 64% 6,321.00

EJCDC C-620 Contractor's Application for Payment

Unit Price (c) 2018 National Society of Professional Engineers for EJCDC. All rights reserved. 1 of 5 39 \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ Contractor's Application for Payment Owner: CITY OF KENYON Owner's Project No.: Engineer: BOLTON & MENK Engineer's Project No.: 24X.134934.000 Contractor: FITZGERALD EXCAVATING & TRUCKING INC Contractor's Project No.: Project: 2025 STREET & UTILITY IMPROVEMENTS Agency's Project No.: Contract:

Application No.: 6 Application Period: From 05/02/26 to 05/29/26 Application Date: 06/09/26

A B C D E F F1 F2 G H I J K L Contract Information Previous Estimate Work Completed Work Completed % of Estimated Value of Work and Materials Value of Value of Bid Item Quantity Completed to Date Materials Currently Stored Stored to Date Item Balance to Finish (F Bid Item Unit Price (C X E) Quantity Previous Value Previous Incorporated in (E X G) (not in G) (H + I) (J / F) - J) No. Description Item Quantity Units ($) ($) Estimate Estimate the Work ($) ($) ($) (%) ($) 51 RAPID STABILIZATION METHOD 2 1,258.00 SY 3.00 3,774.00 744.00 2,232.00 1,487.10 4,461.30 4,461.30 118% (687.30) 52 TOPSOIL PREPARATION 2,515.00 SY 2.50 6,287.50 774.00 1,935.00 1,612.00 4,030.00 4,030.00 64% 2,257.50 53 TURF MAINTENANCE 60.00 DAY 75.00 4,500.00 7.00 525.00 19.00 1,425.00 1,425.00 32% 3,075.00 54 TURF RESTORATION (2ND ST) 1.00 LS 2,500.00 2,500.00 - - - - - 2,500.00 55 CONSTRUCTION ALLOWANCE 74,000.00 UNIT 1.00 74,000.00 1,860.00 1,860.00 19,749.00 19,749.00 19,749.00 27% 54,251.00 56 REMOVE MANHOLE (SANITARY) 2.00 EACH 400.00 800.00 2.00 800.00 2.00 800.00 800.00 100% - 57 REMOVE SEWER PIPE (SANITARY) 340.00 LF 5.00 1,700.00 339.00 1,695.00 339.00 1,695.00 1,695.00 100% 5.00 58 CONNECT TO EXISTING SANITARY SEWER 1.00 EACH 1,500.00 1,500.00 1.00 1,500.00 1.00 1,500.00 1,500.00 100% - 59 8"X6" PVC WYE 12.00 EACH 375.00 4,500.00 17.00 6,375.00 17.00 6,375.00 6,375.00 142% (1,875.00) 60 8" PVC PIPE SEWER 424.00 LF 65.00 27,560.00 419.00 27,235.00 419.00 27,235.00 27,235.00 99% 325.00 61 6" PVC SANITARY SERVICE PIPE 400.00 LF 40.00 16,000.00 280.00 11,200.00 346.00 13,840.00 13,840.00 87% 2,160.00 62 2" PE PRESSURE SEWER SERVICE 105.00 LF 40.00 4,200.00 108.00 4,320.00 108.00 4,320.00 4,320.00 103% (120.00) 63 LINING SEWER PIPE 8" 3,648.00 LF 41.50 151,392.00 - - - - - 151,392.00 64 CASTING ASSEMBLY (SANITARY) 2.00 EACH 1,300.00 2,600.00 - - - - - 2,600.00 65 FINAL CASTING ADJUSTMENT (DONUT CUT) 5.00 EACH 1,700.00 8,500.00 - - - - - 8,500.00 66 CONSTRUCT DRAINAGE STRUCTURE DESIGN 4007 14.70 LF 500.00 7,350.00 14.70 7,350.00 14.70 7,350.00 7,350.00 100% - 67 SANITARY LATERAL REINSTATEMENT 56.00 EACH 55.00 3,080.00 - - - - - 3,080.00 68 TRIMMING PROTRUDING TAPS 7.00 EACH 1,139.00 7,973.00 - - - - - 7,973.00 69 SANITARY LATERAL GROUTING 56.00 EACH 450.00 25,200.00 - - - - - 25,200.00 70 LATERAL CLEANING 28.00 EACH 500.00 14,000.00 - - - - - 14,000.00 71 ROOT CUTTING 1,200.00 LF 3.00 3,600.00 - - - - - 3,600.00 72 SANITARY MANHOLE REHABILITATION (SPRAY-ON) 9.00 EACH 5,320.00 47,880.00 - - - - - 47,880.00 73 SANITARY SEWER BYPASSING 1.00 LS 2,815.00 2,815.00 - - - - - 2,815.00 74 POINT REPAIR - SANITARY SEWER PIPE 4.00 EACH 4,500.00 18,000.00 5.00 22,500.00 5.00 22,500.00 22,500.00 125% (4,500.00) 75 INTERNAL POINT REPAIR (SHORT LINER) 3.00 EACH 2,000.00 6,000.00 - - - - - 6,000.00 76 INTERNAL CHIMNEY SEAL (REHAB) 7.00 EACH 1,550.00 10,850.00 - - - - - 10,850.00 77 REPLACE & ADJUST RING AND CASTING 3.00 EACH 1,400.00 4,200.00 1.50 2,100.00 1.50 2,100.00 2,100.00 50% 2,100.00 78 SANITARY SEWER TRACER SYSTEM 1.00 LS 2,600.00 2,600.00 1.00 2,600.00 1.00 2,600.00 2,600.00 100% - 79 REMOVE GATE VALVE AND BOX 16.00 EACH 300.00 4,800.00 12.00 3,600.00 16.00 4,800.00 4,800.00 100% - 80 REMOVE CURB STOP AND BOX 22.00 EACH 150.00 3,300.00 19.00 2,850.00 19.00 2,850.00 2,850.00 86% 450.00 81 REMOVE HYDRANT 6.00 EACH 400.00 2,400.00 4.00 1,600.00 6.00 2,400.00 2,400.00 100% - 82 REMOVE WATER MAIN 1,806.00 LF 5.00 9,030.00 1,276.00 6,380.00 2,188.00 10,940.00 10,940.00 121% (1,910.00) 83 TEMPORARY WATER SERVICE 1.00 LS 20,000.00 20,000.00 1.00 20,000.00 1.00 20,000.00 20,000.00 100% - 84 CONNECT TO EXISTING WATER MAIN 12.00 EACH 1,500.00 18,000.00 12.00 18,000.00 12.00 18,000.00 18,000.00 100% - 85 DISCONNECT EXISTING WATER MAIN (P) 3.00 EACH 900.00 2,700.00 3.00 2,700.00 3.00 2,700.00 2,700.00 100% - 86 HYDRANT (8.0' BURY) 5.00 EACH 6,600.00 33,000.00 4.00 26,400.00 5.00 33,000.00 33,000.00 100% - 87 HYDRANT (11' BURY) 1.00 EACH 8,000.00 8,000.00 1.00 8,000.00 1.00 8,000.00 8,000.00 100% - 88 ADJUST VALVE BOX 18.00 EACH 300.00 5,400.00 4.00 1,200.00 4.00 1,200.00 1,200.00 22% 4,200.00 89 1" CORPORATION STOP 27.00 EACH 450.00 12,150.00 20.00 9,000.00 26.00 11,700.00 11,700.00 96% 450.00 90 6" GATE VALVE AND BOX 16.00 EACH 2,675.00 42,800.00 11.00 29,425.00 16.00 42,800.00 42,800.00 100% - 91 8" GATE VALVE AND BOX 2.00 EACH 3,500.00 7,000.00 2.00 7,000.00 2.00 7,000.00 7,000.00 100% - 92 10" GATE VALVE AND BOX 2.00 EACH 6,000.00 12,000.00 1.00 6,000.00 2.00 12,000.00 12,000.00 100% - 93 1" CURB STOP AND BOX 27.00 EACH 500.00 13,500.00 20.00 10,000.00 26.00 13,000.00 13,000.00 96% 500.00 94 1" TYPE PE PIPE 765.00 LF 35.00 26,775.00 501.00 17,535.00 675.00 23,625.00 23,625.00 88% 3,150.00 95 DIRECTIONAL DRILL SERVICE BELOW CSAH 12 2.00 EACH 5,000.00 10,000.00 2.00 10,000.00 2.00 10,000.00 10,000.00 100% - 96 6" PVC WATERMAIN 65.00 LF 50.00 3,250.00 89.00 4,450.00 99.50 4,975.00 4,975.00 153% (1,725.00) 97 8" PVC WATERMAIN 645.00 LF 57.00 36,765.00 645.00 36,765.00 645.00 36,765.00 36,765.00 100% - 98 10" PVC WATERMAIN 1,130.00 LF 75.00 84,750.00 280.00 21,000.00 1,104.00 82,800.00 82,800.00 98% 1,950.00 99 10" PVC WATERMAIN (DIRECTIONAL DRILLED) 780.00 LF 185.00 144,300.00 780.00 144,300.00 780.00 144,300.00 144,300.00 100% - 100 4" INSULATION 99.00 SY 50.00 4,950.00 82.00 4,100.00 88.50 4,425.00 4,425.00 89% 525.00 101 WATERMAIN FITTINGS 2,992.00 LB 15.00 44,880.00 2,447.00 36,705.00 2,988.00 44,820.00 44,820.00 100% 60.00

EJCDC C-620 Contractor's Application for Payment

Unit Price (c) 2018 National Society of Professional Engineers for EJCDC. All rights reserved. 2 of 5 40 \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ Contractor's Application for Payment Owner: CITY OF KENYON Owner's Project No.: Engineer: BOLTON & MENK Engineer's Project No.: 24X.134934.000 Contractor: FITZGERALD EXCAVATING & TRUCKING INC Contractor's Project No.: Project: 2025 STREET & UTILITY IMPROVEMENTS Agency's Project No.: Contract:

Application No.: 6 Application Period: From 05/02/26 to 05/29/26 Application Date: 06/09/26

A B C D E F F1 F2 G H I J K L Contract Information Previous Estimate Work Completed Work Completed % of Estimated Value of Work and Materials Value of Value of Bid Item Quantity Completed to Date Materials Currently Stored Stored to Date Item Balance to Finish (F Bid Item Unit Price (C X E) Quantity Previous Value Previous Incorporated in (E X G) (not in G) (H + I) (J / F) - J) No. Description Item Quantity Units ($) ($) Estimate Estimate the Work ($) ($) ($) (%) ($) 102 VALVE BOX TOP SECTION & CAP 1.00 EACH 250.00 250.00 - - - - - 250.00 103 WATERMAIN TRACER SYSTEM 1.00 LS 5,000.00 5,000.00 0.70 3,500.00 0.70 3,500.00 3,500.00 70% 1,500.00 104 REMOVE PIPE APRON 1.00 EACH 250.00 250.00 - - 1.00 250.00 250.00 100% - 105 REMOVE MANHOLE OR CATCH BASIN 1.00 EACH 400.00 400.00 1.00 400.00 1.00 400.00 400.00 100% - 106 REMOVE SEWER PIPE (STORM) 118.00 LF 9.00 1,062.00 40.00 360.00 118.00 1,062.00 1,062.00 100% - 107 SALVAGE CASTING 1.00 EACH 100.00 100.00 1.00 100.00 1.00 100.00 100.00 100% - 108 24" RC PIPE APRON 1.00 EACH 1,500.00 1,500.00 - - 1.00 1,500.00 1,500.00 100% - 109 TRASH GUARD FOR 24" PIPE APRON 1.00 EACH 1,600.00 1,600.00 - - - - - 1,600.00 110 24" RC PIPE SEWER DESIGN 3006 CLASS III 40.00 LF 110.00 4,400.00 40.00 4,400.00 40.00 4,400.00 4,400.00 100% - 111 CONNECT TO EXISTING STORM SEWER 1.00 EACH 1,000.00 1,000.00 1.00 1,000.00 1.00 1,000.00 1,000.00 100% - 112 CONNECT TO EXISTING DRAINAGE STRUCTURE 2.00 EACH 1,500.00 3,000.00 1.00 1,500.00 2.00 3,000.00 3,000.00 100% - 113 12" PIPE SEWER 81.00 LF 45.00 3,645.00 - - 49.00 2,205.00 2,205.00 60% 1,440.00 114 18" PIPE SEWER 732.00 LF 55.00 40,260.00 - - 481.00 26,455.00 26,455.00 66% 13,805.00 115 24" PIPE SEWER 219.00 LF 68.00 14,892.00 - - 218.00 14,824.00 14,824.00 100% 68.00 116 CASTING ASSEMBLY (STORM) 13.00 EACH 1,200.00 15,600.00 - - - - - 15,600.00 117 FINAL CASTING ADJUSTMENT (DONUT CUT) 4.00 EACH 1,700.00 6,800.00 - - - - - 6,800.00 118 CONSTRUCT DRAINAGE STRUCTURE DESIGN SPECIAL (R-1) 21.00 LF 450.00 9,450.00 - - 12.00 5,400.00 5,400.00 57% 4,050.00 119 CONSTRUCT DRAINAGE STRUCTURE DESIGN 48-4020 10.20 LF 600.00 6,120.00 - - 5.30 3,180.00 3,180.00 52% 2,940.00 120 CONSTRUCT DRAINAGE STRUCTURE DESIGN 54-4020 9.00 LF 950.00 8,550.00 - - 9.00 8,550.00 8,550.00 100% - 121 CONSTRUCT DRAINAGE STRUCTURE DESIGN 48-4022 4.60 LF 500.00 2,300.00 - - 4.60 2,300.00 2,300.00 100% - 122 CONSTRUCT DRAINAGE STRUCTURE DESIGN 60-4022 6.30 LF 1,000.00 6,300.00 - - 6.30 6,300.00 6,300.00 100% - 123 RECONSTRUCT DRAINAGE STRUCTURE 9.90 LF 700.00 6,930.00 9.90 6,930.00 9.90 6,930.00 6,930.00 100% - 1001 MOBILIZATION (5TH ST) 1.00 LS 10,000.00 10,000.00 0.90 9,000.00 1.00 10,000.00 10,000.00 100% - 1002 SALVAGE SIGN 1.00 EACH 50.00 50.00 1.00 50.00 1.00 50.00 50.00 100% - 1003 SAWING BITUMINOUS PAVEMENT (FULL DEPTH) 516.00 LF 5.00 2,580.00 567.00 2,835.00 567.00 2,835.00 2,835.00 110% (255.00) 1004 REMOVE CURB & GUTTER 315.00 LF 5.00 1,575.00 328.00 1,640.00 328.00 1,640.00 1,640.00 104% (65.00) 1005 REMOVE BITUMINOUS DRIVEWAY PAVEMENT 34.00 SY 7.00 238.00 44.00 308.00 44.00 308.00 308.00 129% (70.00) 1006 REMOVE BITUMINOUS PAVEMENT 1,541.00 SY 5.00 7,705.00 1,659.10 8,295.50 1,659.10 8,295.50 8,295.50 108% (590.50) 1007 EXCAVATION - COMMON (P) 1,216.00 CY 16.00 19,456.00 1,216.00 19,456.00 1,216.00 19,456.00 19,456.00 100% - 1008 EXCAVATION - SUBGRADE (P) 347.00 CY 16.00 5,552.00 347.00 5,552.00 347.00 5,552.00 5,552.00 100% - 1009 SELECT GRANULAR EMBANKMENT (CV) (P) 347.00 CY 25.00 8,675.00 347.00 8,675.00 347.00 8,675.00 8,675.00 100% - 1010 GEOTEXTILE FABRIC TYPE 9 2,847.00 SY 2.25 6,405.75 1,984.00 4,464.00 1,984.00 4,464.00 4,464.00 70% 1,941.75 1011 AGGREGATE BASE (CV) CLASS 5 (P) 526.00 CY 25.00 13,150.00 526.00 13,150.00 526.00 13,150.00 13,150.00 100% - 1012 TYPE SP 9.5 WEARING COURSE MIXTURE (3;C) 1.5" THICK 3,553.00 SY 9.00 31,977.00 2,189.00 19,701.00 3,711.00 33,399.00 33,399.00 104% (1,422.00) 1013 TYPE SP 12.5 WEARING COURSE MIXTURE (3;C) 2.0" THICK 1,777.00 SY 11.75 20,879.75 1,773.00 20,832.75 1,773.00 20,832.75 20,832.75 100% 47.00 1014 BITUMINOUS PATCH SPECIAL (DRIVEWAY) 25.00 SY 38.25 956.25 15.00 573.75 15.00 573.75 573.75 60% 382.50 1015 6" PERF PVC PIPE DRAIN 795.00 LF 15.00 11,925.00 822.00 12,330.00 822.00 12,330.00 12,330.00 103% (405.00) 1016 6" PVC PIPE DRAIN CLEANOUT 4.00 EACH 300.00 1,200.00 4.00 1,200.00 4.00 1,200.00 1,200.00 100% - 1017 4" CONCRETE WALK 3,535.00 SF 7.50 26,512.50 3,851.00 28,882.50 3,851.00 28,882.50 28,882.50 109% (2,370.00) 1018 6" CONCRETE WALK 335.00 SF 12.25 4,103.75 254.50 3,117.63 254.50 3,117.63 3,117.63 76% 986.12 1019 TRUNCATED DOMES 90.00 SF 55.00 4,950.00 90.00 4,950.00 90.00 4,950.00 4,950.00 100% - 1020 CONCRETE CURB AND GUTTER DESIGN B618 855.00 LF 25.75 22,016.25 888.40 22,876.30 888.40 22,876.30 22,876.30 104% (860.05) 1021 7" CONCRETE VALLEY GUTTER 117.00 SY 95.00 11,115.00 101.00 9,595.00 101.00 9,595.00 9,595.00 86% 1,520.00 1022 7" CONCRETE DRIVEWAY PAVEMENT (COMMERCIAL) 40.00 SY 92.50 3,700.00 32.80 3,034.00 32.80 3,034.00 3,034.00 82% 666.00 1023 CONCRETE SILL 420.00 LF 12.50 5,250.00 413.00 5,162.50 413.00 5,162.50 5,162.50 98% 87.50 1024 TRAFFIC CONTROL (5TH ST) 1.00 LS 1,525.00 1,525.00 0.90 1,372.50 1.00 1,525.00 1,525.00 100% - 1025 INSTALL SIGN 1.00 EACH 350.00 350.00 1.00 350.00 1.00 350.00 350.00 100% - 1026 STABILIZED CONSTRUCTION EXIT 1.00 LS 500.00 500.00 - - - - - 500.00 1027 STORM DRAIN INLET PROTECTION 9.00 EACH 200.00 1,800.00 - - - - - 1,800.00 1028 SILT FENCE; TYPE MS 523.00 LF 2.25 1,176.75 - - - - - 1,176.75 1029 SEDIMENT CONTROL LOG TYPE WOOD FIBER 60.00 LF 5.00 300.00 700.00 3,500.00 700.00 3,500.00 3,500.00 1167% (3,200.00)

EJCDC C-620 Contractor's Application for Payment

Unit Price 3 of 5 (c) 2018 National Society of Professional Engineers for EJCDC. All rights reserved. 41 \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ Contractor's Application for Payment Owner: CITY OF KENYON Owner's Project No.: Engineer: BOLTON & MENK Engineer's Project No.: 24X.134934.000 Contractor: FITZGERALD EXCAVATING & TRUCKING INC Contractor's Project No.: Project: 2025 STREET & UTILITY IMPROVEMENTS Agency's Project No.: Contract:

Application No.: 6 Application Period: From 05/02/26 to 05/29/26 Application Date: 06/09/26

A B C D E F F1 F2 G H I J K L Contract Information Previous Estimate Work Completed Work Completed % of Estimated Value of Work and Materials Value of Value of Bid Item Quantity Completed to Date Materials Currently Stored Stored to Date Item Balance to Finish (F Bid Item Unit Price (C X E) Quantity Previous Value Previous Incorporated in (E X G) (not in G) (H + I) (J / F) - J) No. Description Item Quantity Units ($) ($) Estimate Estimate the Work ($) ($) ($) (%) ($) 1030 SEDIMENT CONTROL LOG TYPE ROCK 40.00 LF 5.00 200.00 - - - - - 200.00 1031 COMPOST GRADE 2 39.00 CY 30.00 1,170.00 - - - - - 1,170.00 1032 FERTILIZER TYPE 3 29.00 LB 2.50 72.50 - - - - - 72.50 1033 SODDING 700.00 SY 7.00 4,900.00 1,033.00 7,231.00 1,033.00 7,231.00 7,231.00 148% (2,331.00) 1034 RAPID STABILIZATION METHOD 2 350.00 SY 3.00 1,050.00 - - - - - 1,050.00 1035 TOPSOIL PREPARATION 700.00 SY 2.50 1,750.00 1,033.00 2,582.50 1,033.00 2,582.50 2,582.50 148% (832.50) 1036 TURF MAINTENANCE (5TH ST) 30.00 DAY 100.00 3,000.00 7.00 700.00 7.00 700.00 700.00 23% 2,300.00 1037 REMOVE HYDRANT 1.00 EACH 400.00 400.00 1.00 400.00 1.00 400.00 400.00 100% - 1038 REMOVE WATERMAIN PIPE 538.00 LF 5.00 2,690.00 553.00 2,765.00 553.00 2,765.00 2,765.00 103% (75.00) 1039 CONNECT TO EXIST WATERMAIN 2.00 EACH 1,500.00 3,000.00 2.00 3,000.00 2.00 3,000.00 3,000.00 100% - 1040 ADJUST VALVE BOX 2.00 EACH 300.00 600.00 2.00 600.00 2.00 600.00 600.00 100% - 1041 6" GATE VALVE & BOX 3.00 EACH 2,500.00 7,500.00 3.00 7,500.00 3.00 7,500.00 7,500.00 100% - 1042 6" PVC WATERMAIN 15.00 LF 3,500.00 52,500.00 0.40 1,400.00 0.40 1,400.00 1,400.00 3% 51,100.00 1043 8" PVC WATERMAIN 520.00 LF 55.00 28,600.00 494.80 27,214.00 494.80 27,214.00 27,214.00 95% 1,386.00 1044 HYDRANT (8' BURY) 1.00 EACH 6,500.00 6,500.00 1.00 6,500.00 1.00 6,500.00 6,500.00 100% - 1045 WATERMAIN FITTINGS 300.00 LB 15.25 4,575.00 457.90 6,982.98 457.90 6,982.98 6,982.98 153% (2,407.98) 1046 WATERMAIN TRACER SYSTEM (5TH ST) 1.00 LS 5,000.00 5,000.00 1.00 5,000.00 1.00 5,000.00 5,000.00 100% - 1047 REMOVE MANHOLE OR CATCH BASIN 1.00 EACH 500.00 500.00 1.00 500.00 1.00 500.00 500.00 100% - 1048 REMOVE SEWER PIPE (STORM) 85.00 LF 9.00 765.00 71.00 639.00 71.00 639.00 639.00 84% 126.00 1049 CONNECT TO EXISTING STORM 2.00 EACH 1,250.00 2,500.00 2.00 2,500.00 2.00 2,500.00 2,500.00 100% - 1050 CONNECT TO EXISTING DRAINAGE STRUCTURE 1.00 EACH 1,500.00 1,500.00 1.00 1,500.00 1.00 1,500.00 1,500.00 100% - 1051 18" PIPE SEWER 46.00 LF 55.00 2,530.00 72.20 3,971.00 72.20 3,971.00 3,971.00 157% (1,441.00) 1052 STORM SEWER CASTING ASSEMBLY 2.00 EACH 1,200.00 2,400.00 3.00 3,600.00 3.00 3,600.00 3,600.00 150% (1,200.00) 1053 CONSTRUCT DRAINAGE STRUCTURE DESIGN SPECIAL (R-1) 4.30 LF 450.00 1,935.00 4.30 1,935.00 4.30 1,935.00 1,935.00 100% - 1054 CONSTRUCT DRAINAGE STRUCTURE DESIGN 48-4022 5.20 LF 500.00 2,600.00 5.20 2,600.00 5.20 2,600.00 2,600.00 100% - 1055 CONSTRUCTION ALLOWANCE (5TH ST) 18,000.00 UNIT 1.00 18,000.00 20,846.40 20,846.40 20,846.40 20,846.40 20,846.40 116% (2,846.40) 2001 MOBILIZATION (FOREST M&O) 1.00 LS 5,000.00 5,000.00 - - 1.00 5,000.00 5,000.00 100% - 2002 BITUMINOUS PATCH SPECIAL (PARTIAL DEPTH) 110.00 SY 38.25 4,207.50 - - - - - 4,207.50 2003 MILL BITUMINOUS PAVEMENT (2") 2,832.00 SY 3.00 8,496.00 - - 2,832.00 8,496.00 8,496.00 100% - 2004 BITUMINOUS MATERIAL FOR TACK COAT 283.00 GAL 3.50 990.50 - - 175.00 612.50 612.50 62% 378.00 2005 TYPE SP 12.5 WEARING COURSE MIXTURE (3;B) 2.0" THICK 2,832.00 SY 11.00 31,152.00 - - 2,832.00 31,152.00 31,152.00 100% - 2006 ADJUST VALVE BOX 2.00 EACH 300.00 600.00 - - - - - 600.00 2007 7" CONCRETE DRIVEWAY PAVEMENT (COMMERCIAL) 15.00 SY 92.50 1,387.50 - - - - - 1,387.50 2008 TRAFFIC CONTROL (FOREST ST M&O) 1.00 LS 700.00 700.00 - - 1.00 700.00 700.00 100% - 2009 CONSTRUCTION ALLOWANCE (FOREST ST M&O) 1,000.00 UNIT 1.00 1,000.00 - - - - - 1,000.00 3001 MOBILIZATION (RED WING AVE) 1.00 LS 2,000.00 2,000.00 1.00 2,000.00 1.00 2,000.00 2,000.00 100% - 3002 TREE CLEARING 1.00 EACH 1,200.00 1,200.00 1.00 1,200.00 1.00 1,200.00 1,200.00 100% - 3003 TREE GRUBBING 1.00 EACH 500.00 500.00 1.00 500.00 1.00 500.00 500.00 100% - 3004 SALVAGE SIGN 1.00 EACH 50.00 50.00 1.00 50.00 1.00 50.00 50.00 100% - 3005 REMOVE CURB & GUTTER 15.00 LF 5.00 75.00 15.00 75.00 15.00 75.00 75.00 100% - 3006 EXCAVATION - COMMON (P) 167.00 CY 16.00 2,672.00 167.00 2,672.00 167.00 2,672.00 2,672.00 100% - 3007 4" CONCRETE WALK 1,545.00 SF 7.50 11,587.50 1,540.00 11,550.00 1,540.00 11,550.00 11,550.00 100% 37.50 3008 6" CONCRETE WALK 85.00 SF 12.25 1,041.25 81.00 992.25 81.00 992.25 992.25 95% 49.00 3009 TRUNCATED DOMES 10.00 SF 55.00 550.00 10.00 550.00 10.00 550.00 550.00 100% - 3010 CONCRETE CURB AND GUTTER DESIGN B618 15.00 LF 25.75 386.25 15.00 386.25 15.00 386.25 386.25 100% - 3011 7" CONCRETE DRIVEWAY PAVEMENT (COMMERCIAL) 25.00 SY 92.50 2,312.50 19.20 1,776.00 19.20 1,776.00 1,776.00 77% 536.50 3012 STORM DRAIN INLET PROTECTION 2.00 EACH 200.00 400.00 - - - - - 400.00 3013 SEDIMENT CONTROL LOG TYPE ROCK 10.00 LF 5.00 50.00 - - - - - 50.00 3014 COMPOST GRADE 2 30.00 CY 30.00 900.00 - - - - - 900.00 3015 FERTILIZER TYPE 3 23.00 LB 2.50 57.50 - - - - - 57.50 3016 SODDING 535.00 SY 7.00 3,745.00 544.00 3,808.00 544.00 3,808.00 3,808.00 102% (63.00)

EJCDC C-620 Contractor's Application for Payment

Unit Price 4 of 5 (c) 2018 National Society of Professional Engineers for EJCDC. All rights reserved. 42 \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ Contractor's Application for Payment Owner: CITY OF KENYON Owner's Project No.: Engineer: BOLTON & MENK Engineer's Project No.: 24X.134934.000 Contractor: FITZGERALD EXCAVATING & TRUCKING INC Contractor's Project No.: Project: 2025 STREET & UTILITY IMPROVEMENTS Agency's Project No.: Contract:

Application No.: 6 Application Period: From 05/02/26 to 05/29/26 Application Date: 06/09/26

A B C D E F F1 F2 G H I J K L Contract Information Previous Estimate Work Completed Work Completed % of Estimated Value of Work and Materials Value of Value of Bid Item Quantity Completed to Date Materials Currently Stored Stored to Date Item Balance to Finish (F Bid Item Unit Price (C X E) Quantity Previous Value Previous Incorporated in (E X G) (not in G) (H + I) (J / F) - J) No. Description Item Quantity Units ($) ($) Estimate Estimate the Work ($) ($) ($) (%) ($) 3017 RAPID STABILIZATION METHOD 2 268.00 SY 3.00 804.00 - - - - - 804.00 3018 INSTALL SIGN 1.00 EACH 350.00 350.00 1.00 350.00 1.00 350.00 350.00 100% - 3019 TOPSOIL PREPARATION 535.00 SY 2.50 1,337.50 544.00 1,360.00 544.00 1,360.00 1,360.00 102% (22.50) 3020 TURF MAINTENANCE (RED WING AVE WALK) 30.00 DAY 500.00 15,000.00 7.00 3,500.00 7.00 3,500.00 3,500.00 23% 11,500.00 3021 CONSTRUCTION ALLOWANCE (RED WING AVE WALK) 1,000.00 UNIT 1.00 1,000.00 - - - - - 1,000.00 Original Contract Totals $ 2,294,629.25 $ 1,198,229.47 $ 1,516,990.27 $ - $ 1,516,990.27 66% $ 777,638.98

Change Orders

209 10" PVC WATERMAIN (DIRECTIONAL DRILLED) (204.40) L F 185.00 (37,814.00) (204.40) (37,814.00) (204.40) (37,814.00) (37,814.00) 100% - - - - - Change Order Totals $ (37,814.00) $ (37,814.00) $ (37,814.00) $ - $ (37,814.00) 100% $ -

Original Contract and Change Orders

Project Totals $ 2,256,815.25 $ 1,160,415.47 $ 1,479,176.27 $ - $ 1,479,176.27 66% $ 777,638.98

EJCDC C-620 Contractor's Application for Payment

Unit Price (c) 2018 National Society of Professional Engineers for EJCDC. All rights reserved. 5 of 5 43 AGENDA ITEM NO. IXA.

Agenda Item Summary

CITY COUNCIL AGENDA ITEM REPORT

DATE: June 9, 2026

SUBMITTED BY: Holli Gudknecht, Administration

ITEM TYPE: **Financial

Agenda Section: Financial

SUBJECT: May 2026 Financial Reports and Payment of Claims

SUGGESTED ACTION: **These items were approved under the Consent Agenda

Attachments:

CHECKS 6-9-26.pdf EXPENSES MAY.pdf MAY REVENUE.pdf

44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 Agenda Item Summary CITY COUNCIL AGENDA ITEM REPORT

DATE: June 9, 2026

SUBMITTED BY: Holli Gudknecht, Administration

ITEM TYPE: New Business

Agenda Section: New Business

SUBJECT: 2026 1st Quarter Financial Report - Abdo

Suggested Action:

Attachments:

Kenyon, City of - Qtr 1 Report - FINAL.pdf

105 1st Quarter Report

City of Kenyon Kenyon, Minnesota

As of March 31, 2026

106 June 1, 2026

Accountant'S Compilation Report

Honorable Mayor and City Council

City of Kenyon Kenyon, Minnesota

We have compiled the accompanying statement of revenues and expenditures for the General Fund and statements of revenues and expenses for the enterprise funds of the City of Kenyon as of March 31, 2026 for the quarter then ended. We have not audited or reviewed the accompanying financial statements and, accordingly, do not express an opinion or provide any assurance about whether the financial statements are in accordance with accounting principles generally accepted in the United States of America.

Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America and for designing, implementing, and maintaining internal control relevant to the preparation and fair presentation of the financial statements.

Our responsibility is to conduct the compilation in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. The objective of a compilation is to assist management in presenting financial information in the form of financial statements without undertaking to obtain or provide any assurance that there are no material modifications that should be made to the financial statements.

Management has elected to omit substantially all of the disclosures and the statement of cash flows required by accounting principles generally accepted in the United States of America. If the omitted disclosures and the statement of cash flows were included in the financial statements, they might influence the user's conclusions about the City's financial position, results of operations, and cash flows. Accordingly, the financial statements are not designed for those who are not informed about such matters.

Sincerely,

Abdo Financial Solutions

107 June 1, 2026

Honorable Mayor and City Council

City of Kenyon Kenyon, Minnesota

Dear Honorable Mayor and City Council:

We have reconciled all bank accounts through March 31, 2026 and reviewed activity in all funds. The following is a summary of our observations. All information presented is unaudited.

Cash and Investments

The City's cash and investment balances are as follows:

Increase/ 03/31/2026 12/31/2025 (Decrease) Checking $ 598,047 $ 823,185 $ (225,138) Investments 11,741,345 12,101,810 (360,465) Petty Cash 3,000 3,000 0 Cash in ATM Machine 3,000 3,000 0

Total Cash and Investments $ 12,345,392 $ 12,930,995 $ (585,603)

The investment type is as follows: Increase/ 03/31/2026 12/31/2025 (Decrease) Checking $ 598,047 $ 823,185 $ (225,138) Money Market 8,044,343 8,453,230 (408,887) Brokered CD 116,845 115,428 1,417 Cash 395,612 383,398 12,214 Certificate of Deposit 3,184,545 3,149,754 34,791 Petty Cash 3,000 3,000 0 Cash in ATM Machine 3,000 3,000 0

Total Investments $ 12,345,392 $ 12,930,995 $ (585,603)

108 General Fund Cash Balances

$1,500,000

$1,000,000

Current Year

$500,000 Prior Year 2 Prior Years PY Average 50% Reserve $0

($500,000)

($1,000,000) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

109 Current short-term rates being offered by financial institutions have increased over the last two years as evidenced by the table of U.S. Treasury rates below. The U.S. Treasury rates provide a benchmark perspective for rate of return. Treasury Yield

1 mo 3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 7 yr 10 yr 3/31/2021 0.01 0.01 0.03 0.05 0.07 0.16 0.35 0.92 1.40 6/30/2021 0.05 0.05 0.06 0.07 0.25 0.46 0.87 1.21 1.45 9/30/2021 0.07 0.04 0.05 0.09 0.28 0.53 0.98 1.32 1.52 12/31/2021 0.06 0.06 0.19 0.39 0.73 0.97 1.26 1.44 1.52 3/31/2022 0.17 0.52 1.06 1.63 2.28 2.45 2.42 2.40 2.32 6/30/2022 1.28 1.72 2.51 2.80 2.92 2.99 3.01 3.04 2.98 9/30/2022 2.79 3.33 3.92 4.05 4.22 4.25 4.06 3.97 3.83 12/30/2022 4.12 4.42 4.76 4.73 4.41 4.22 3.99 3.96 3.88 3/31/2023 4.74 4.85 4.94 4.64 4.06 3.81 3.60 3.55 3.48 6/30/2023 5.24 5.43 5.47 5.40 4.87 4.49 4.13 3.97 3.81 9/30/2023 5.55 5.55 5.53 5.46 5.03 4.80 4.60 4.61 4.59 12/31/2023 5.60 5.40 5.26 4.79 4.23 4.01 3.84 3.88 3.88 3/31/2024 5.49 5.46 5.38 5.03 4.59 4.40 4.21 4.20 4.20 6/30/2024 5.47 5.48 5.33 5.09 4.71 4.53 4.33 4.33 4.36 9/30/2024 4.93 4.73 4.38 3.98 3.66 3.58 3.58 3.67 3.81 12/31/2024 4.40 4.37 4.24 4.16 4.25 4.27 4.38 4.48 4.58 3/31/2025 4.38 4.32 4.23 4.03 3.89 3.89 3.96 4.09 4.23 6/30/2025 4.28 4.41 4.29 3.96 3.72 3.68 3.79 3.98 4.24 9/30/2025 4.20 4.02 3.83 3.68 3.60 3.61 3.74 3.93 4.16 12/31/2025 3.74 3.67 3.59 3.48 3.47 3.55 3.73 3.94 4.18 3/31/2026 3.74 3.70 3.72 3.38 3.79 3.81 3.92 4.11 4.30

*****

This information is unaudited and is intended solely for the information and use of management and City Council and is not intended and should not be used by anyone other than these specified parties.

If you have any questions or wish to discuss any of the items contained in this letter or the attachments, please feel free to contact us at your convenience. We wish to thank you for the continued opportunity to be of service and for the courtesy and cooperation extended to us by your staff.

Sincerely,

Abdo Financial Solutions

110 City of Kenyon, Minnesota Statement of Revenues and Expenditures - Budget and Actual - General Fund (Unaudited) For the Three Months Ended March 31, 2026

Percent Received or YTD Actual Variance - 2026 Annual YTD Budget Expended Thru Favorable I C Budget 3/31/2026 Based on 3/31/2026 (Unfavorable) Budget Thru March

 Revenues  Taxes $ 778,769 $ 194,692 $ 62,809 $ (131,883) 32.26%  ①  Licenses and Permits 12,500 3,125 1,832 (1,293) 58.64%   Intergovernmental 741,652 185,413 0 (185,413) 0.00%  ②  Charges for Services 168,300 42,075 84,400 42,325 200.59%  ③  Miscellaneous Revenue 0 0 174,978 174,978 0.00%  ④  Fines and Forfeitures 15,000 3,750 1,515 (2,235) 40.40%   Interest Earnings 15,000 3,750 12,788 9,038 341.01%  Total Revenues $ 1,731,221 $ 432,805 $ 338,322 $ (94,483) 78.17%  ①, ②, ③, ④  Expenditures  City Council $ 17,930 $ 4,483 $ 30 $ 4,453 0.67%   City Administration 328,010 82,003 118,418 (36,415) 144.41%  ⑤  General Government 200,635 50,159 27,483 22,676 54.79%  ⑥  Law Enforcement 544,946 136,234 192,913 (56,679) 141.60%  ⑦  Streets 292,880 73,220 75,601 (2,381) 103.25%   Recycling 46,500 11,625 11,615 10 99.91%   Elections 4,000 1,000 0 1,000 0.00%   Auditing 20,000 5,000 5,000 0 100.00%   City Attorney 60,000 15,000 2,913 12,087 19.42%   City Engineer 15,000 3,750 1,523 2,227 40.60%   Street Lighting 30,500 7,625 9,018 (1,393) 118.27%   Swimming Pool 116,370 29,093 3,832 25,261 13.17%  ⑧  Parks 67,040 16,760 20,082 (3,322) 119.82%   Gunderson House 7,410 1,853 156 1,697 8.42%  Total Expenditures $ 1,751,221 $ 437,805 $ 468,584 $ (30,779) 107.03%  ⑤, ⑥, ⑦, ⑧  Other Financing Sources (Uses)  Transfers In 20,000 5,000 20,000 15,000 400.00%  ⑨ Other Financing Sources (Uses) Total $ 20,000 $ 5,000 $ 20,000 $ 15,000 400.00%  ⑨ Total $ 0 $ 0 $ (110,262) $ (110,262) 0.00% ①, ②, ③, …

Arrows represent the variance as a % of YTD Budget: Red: < -10%, Yellow: -10% to 10%, Green > 10%

111 Explanation of Items Percentage Received/Expended Less than 80% or Greater than 120% and $ Variance Greater than $15,000

Number Comment

 ① Tax settlements not recieved until later in the year. ② Local Government Aid not received until later in the year. ③ Shared facility revenue recorded for 2026. ④ Sale of lot 551 Engel Drive to Falcon Investments. ⑤ Variance due to outside accounting help hired in the current year. ⑥ Variance due to budgeted contracted services from Abdo being coded to outside services (101-41940-324 and 603-49590-324) instead. ⑦ Variance due to higher health insurance premiums for police officers, more wages paid, and legal services performed. ⑧ Variance due to city pool not in operation yet. ⑨ Budgeted transfers made for 2026.

112 City of Kenyon, Minnesota Unaudited Cash Balances by Fund March 31, 2025, December 31, 2025 and March 31, 2026

PY Quarter PY Ending Quarter Ending

YTD Change YTD Change % Balance Balance Balance C 3/31/2026 3/31/2026 3/31/2025 12/31/2025 3/31/2026

 General $ 327,637 $ 494,555 $ 290,210 $ (204,345) -41.32% ①

 Capital Outlay 565,544 734,269 716,754 (17,515) -2.39%

 Fire 293,546 63,731 168,217 104,486 163.95% ②

 Library 37,231 37,241 33,385 (3,856) -10.35%

 Economic Development (367,369) 0 (49,284) (49,284) 0.00%

 Special Purpose Donations 62,436 10,254 69,440 59,186 577.22% ②

 Debt Service 2016 13,090 21,369 23,252 1,883 8.81%

 Debt Service 2020A 40,763 65,559 81,925 16,366 24.96%

 Debt Service 2016B Bond 17,372 18,108 18,108 0 0.00%

 Debt Service 2016B Note 21,080 21,961 21,961 0 0.00%

 Debt Service 2023 G.O. Bond (27,207) 0 (68,195) (68,195) 0.00% ③

 Debt Service 2025 Bond (230,575) 68,653 116,949 48,296 70.35%

 Capital Lease 2020 Freightliner (18,750) 0 (55,273) (55,273) 0.00% ④

 Red Wing Ave CIP (141,296) 0 (311,397) (311,397) 0.00% ⑤

 2023 Street Overlay (167,361) 0 (59,104) (59,104) 0.00% ⑥

 2025 Street Project 0 846,655 833,512 (13,143) -1.55%

 Industrial Park 144,243 0 (26,431) (26,431) 0.00%

 Water 1,029,984 1,758,481 1,594,301 (164,180) -9.34%

 Sanitary Sewer 1,940,176 1,956,809 2,137,476 180,667 9.23%

 Electric 5,354,433 5,968,646 6,005,325 36,679 0.61%

 Storm Sewer 528,505 819,713 850,672 30,959 3.78%

 Liquor 197,196 44,991 (46,411) (91,402) -203.16% ⑦

Total $ 9,620,678 $ 12,930,995 $ 12,345,392 $ (585,603) -4.53% ①, ② , …

113 Explanation of Changes Greater than $50,000 and 20%

Number Comment

 ① Decrease in cash balance due to payroll expenses and liabilities, auditing expenses, and accounting expenses. ② Increase in cash due to reversal of cash deficit loan from the 2025 audit. ③ Decrease in cash due to the first bond payment made for the year. ④ Decrease in cash due to a lease payment made for the 2020 Freightliner and reversal of cash deficit loan from the 2025 audit. ⑤ Decrease in cash due to reversal of cash deficit loan from the 2025 audit. ⑥ Decrease in cash due to reversal of cash deficit loan from the 2025 audit, and payment of invoices for the 2023 street project. ⑦ Decrease in cash due to interfund transfer to the general fund and expenses paid for the liquor store remodel project.

114 City of Kenyon Attachment C Schedule of Investments For the Month Ending March 31, 2026

2026 N Unadjusted Deposits - Expenditures - Market Value Market Value Unrealized

Institution Description Type Purchases Sales Transfers Interest 3/31/2026 3/31/2026 gain / loss

Petty Cash Petty Cash 3,000.00 3,000.00 -

Cash in ATM Machine Cash in ATM Machine 3,000.00 3,000.00 - Security State Bank General Account Checking 527,652.64 (504,976.21) 60.01 531,652.61 531,652.61 - Security State Bank Kenyon Municipal Utilities Checking 75,548.06 (40.70) 22.69 206,486.30 206,486.30 - 603,200.70 (505,016.91) - 82.70 744,138.91 744,138.91 -

Northland Securities - City Cash Balance Cash - -

Northland Securities - City FEDERATED HERMES Cash 1,358.33 806.62 337,562.25 337,562.25 - Northland Securities - City GOLDEN ST BK GLENDALE Certificate of Deposit (398.44) 398.44 106,899.94 106,704.90 (195.04) Northland Securities - City MY CMNTY CR UN MIDLAND TX Certificate of Deposit (504.41) 504.41 79,186.44 79,078.21 (108.23) Northland Securities - City TRUSTAR BK GREAT FALLS VA Certificate of Deposit (455.48) 455.48 127,992.50 127,568.75 (423.75) - - - 2,164.95 651,641.13 650,914.11 (727.02)

4M City-General Money Market 3,645.14 1,194,600.79 1,194,600.79 - 4MP City-General Money Market 424.32 138,443.50 138,443.50 - 4M CD T Bank, National Association Certificate of Deposit - - 4M CD Western Alliance Bank Certificate of Deposit - - 4M CD Spectra Bank, TX Certificate of Deposit 240,700.00 240,700.00 - 4M CD Cornerstone Bank, NE Certificate of Deposit 245,300.00 245,300.00 - 4M CD Bank of China, NY Certificate of Deposit 245,400.00 245,400.00 - 4M 2023A G.O. Bonds Money Market 4.34 1,427.80 1,427.80 - 4MP 2023A G.O. Bonds Money Market - - - 4M 2025A Bond Proceeds Money Market 7,470.55 2,448,299.25 2,448,299.25 - 4MP 2025A Bond Proceeds Money Market - - - - - 11,544.35 4,514,171.34 4,514,171.34 -

Northland Securities - KMU Cash Balance Cash - - -

Northland Securities - KMU FEDERATED HERMES Cash 2,625.86 136.03 58,050.17 58,050.17 - Northland Securities - KMU AUSTIN TELCO FED CR UN TEX Certificate of Deposit (461.81) 461.81 140,658.00 140,460.60 (197.40) Northland Securities - KMU FIRST FND TN BK IRVINE CA Certificate of Deposit - 200,594.00 200,344.00 (250.00) Northland Securities - KMU FIRST NATL BK AMER EAST MICH Certificate of Deposit (1,457.38) 1,457.38 205,247.28 202,846.28 (2,401.00) Northland Securities - KMU MERRICK BK SOUTH JORDAN UT Certificate of Deposit (706.67) 706.67 202,497.40 201,576.20 (921.20) Northland Securities - KMU STATE BK INDIA CHICAGO Certificate of Deposit - 207,562.00 206,866.00 (696.00) - - 0.00 2,761.89 1,014,608.85 1,010,143.25 (4,465.60)

4M KMU Money Market - - - 12,410.25 4,067,160.01 4,067,160.01 - 4MP KMU Money Market - - - 595.81 194,411.26 194,411.26 - 4M CD Gbank, NV Certificate of Deposit - - - 235,700.00 235,700.00 - 4M CD Elga Credit Union, MI Certificate of Deposit - - - - - - 4M CD First Internet Bank of Indiana, IN Certificate of Deposit - - - - - - 4M CD First Pryority Bank, OK Certificate of Deposit - - - - 230,100.00 230,100.00 - 4M CD Bank Hapoalim B.M., NY Certificate of Deposit - - - - 231,000.00 231,000.00 - 4M CD Bank of China, NY Certificate of Deposit 245,400.00 245,400.00 - 4M CD Community Bank Mankato, MN Certificate of Deposit 245,500.00 245,500.00 - 4M KMU Money Market - - - - - - - - - 13,006.06 5,449,271.27 5,449,271.27 -

Security State Bank of Kenyon City Brokered CD - - - - 116,845.23 116,845.23 -

$ 603,200.70 $ (505,016.91) $ 0.00 $ 29,559.95 $ 12,490,676.73 $ 12,485,484.11 $ (5,192.62)

Kssb

O/S Deposits $ 1,672.05

O/S Checks $ (141,787.68) $ (140,115.63)

KMU O/S Deposits $ 263.00 O/S Checks $ (239.11) $ 23.89

Reconciled Balance $ 12,345,392.37

115 City of Kenyon Attachment C Schedule of Investments For the Month Ending March 31, 2026 Unadjusted Maturities Market Value Market Value Variance Maturity 3/31/2026 3/31/2026 3/31/2026 $10,000,000 Current $ 9,300,939.17 $ 9,300,939.17 $ - $9,000,000 < 1 year 2,367,251.94 2,366,609.50 (642.44) $8,000,000 $7,000,000 1-2 years - - - $6,000,000 2-3 years 414,740.94 413,512.96 (1,227.98) $5,000,000 3-4 years - - - $4,000,000 5+ years 407,744.68 404,422.48 (3,322.20) $3,000,000 $2,000,000 $ 12,490,676.73 $ 12,485,484.11 $ (5,192.62) $1,000,000 $- Current <1 1-2 2-3 3-4 5+ year years years years years Weighted average Rate of return 1.81% 3/31/2026 Average Maturity (years) 0.19 3/31/2026 Market Value Market Value

Market Value

Investment Type 3/31/2026 6% Money Market Money Market $ 8,044,342.61 Brokered CD 116,845.23 Brokered CD Cash 395,612.42 26% Certificate of Deposit 3,184,544.94 Cash Petty Cash 3,000.00 Certificate of Cash in ATM Machine 3,000.00 Deposit Checking 738,138.91 Petty Cash $ 12,485,484.11 3% Cash in ATM 64% Machine 1% Checking KSSB O/S Deposits 1,672.05 O/S Checks (141,787.68)

KMU O/S Deposits 263.00 O/S Checks (239.11)

Reconciled Balance $ 12,345,392.37

116 City of Kenyon, Minnesota Statement of Revenues and Expenses - Budget and Actual - Water Fund (Unaudited) For the Three Months Ended March 31, 2026

Amount YTD CY as a

2026 Annual Amount YTD YOY Variance PY Percent of PY C Budget 3/31/2026 3/31/2026 3/31/2025 3/31/2026

 Revenues  Charges for Services $ 410,400 $ 92,979 $ 103,406 $ 10,427 111.21%  Interest Income 25,000 10,688 53,351 42,663 499.16% ① Total Revenues $ 435,400 $ 103,667 $ 156,757 $ 53,090 151.21% ①  Expenses  Salaries and Benefits $ 243,680 $ 65,833 $ 48,811 $ 17,022 74.14% ②  Supplies 5,270 507 354 153 69.95%  Utilities 28,250 6,741 4,138 2,603 61.38%  Debt Service 144,975 71,883 83,043 (11,160) 115.53%  Other Services and Charges 44,685 5,251 8,011 (2,760) 152.58%  Repair and Maintenance 16,200 1,899 5,707 (3,808) 300.51%  Depreciation 114,145 27,982 28,337 (355) 101.27%  Capital 100,000 0 0 0 0.00%  Miscellaneous 0 0 20 (20) 0.00% Total Expenses $ 697,205 $ 180,096 $ 178,421 $ 1,675 $ 99.07% ②  Other Financing Sources (Uses)  Transfers In $ 25,000 $ 0 $ 0 $ 0 0.00%  Transfers Out 16,500 0 16,500 (16,500) 0.00% ③ Other Financing Sources Total $ 8,500 $ 0 $ (16,500) $ (16,500) 0.00%

 Total $ (253,305) $ (76,429) $ (38,164) $ 38,265 $ 49.93% ①…

Water Revenue by Year

$600,000

Prior Years $400,000 Prior Year Current Year

$200,000

$0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 117 Explanation of Items Percentage Received/Expended Less than 80% or Greater than 120% and $ Variance Greater than $15,000

Number Comment

 ① Market conditions favorable compared to prior year. ② Variance from prior year due to change in wage allocation for city employees. ③ Shared facility and services recorded for 2026.

118 City of Kenyon, Minnesota Statement of Revenues and Expenditures - Budget and Actual - Sewer Fund (Unaudited) For the Three Months Ended March 31, 2026

Amount YTD CY as a

2026 Annual Amount YTD YOY Variance PY Percent of PY C Budget 3/31/2026 3/31/2026 3/31/2025 3/31/2026

 Revenues  Charges for Services $ 531,000 $ 43,255 $ 150,854 $ 107,599 348.75% ①  Intergovernmental 0 5,815 0 (5,815) 0.00%  Interest Earnings 50,000 0 24,193 24,193 0.00% ②  Miscellaneous Revenue 0 1,852 2,620 768 141.44% Total Revenues $ 581,000 $ 50,922 $ 177,667 $ 126,745 348.89% ①…  Expenses  Salaries and Benefits $ 133,510 $ 28,810 $ 29,929 $ (1,119) 103.88%  Supplies 25,900 3,995 6,186 (2,191) 154.85%  Utilities 80,300 12,540 12,566 (25) 100.20%  Debt Service 355,885 114,903 180,659 (65,756) 157.23% ③  Other Services and Charges 33,975 3,057 450 2,607 14.72%  Repair and Maintenance 31,000 4,398 3,840 557 87.33%  Depreciation 169,052 50,513 50,667 (154) 100.31% Total Expenses $ 829,622 $ 218,216 $ 284,297 $ (66,081) $ 130.28% ③

 Total $ (248,622) $ (167,294) $ (106,630) $ 60,664 $ 63.74% ①…

Sewer Revenue by Year

$800,000

$600,000

Prior Years $400,000 Prior Year Current Year

$200,000

$0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 119

Explanation of Items Percentage Received/Expended Less than 80% or Greater than 120% and $ Variance Greater than $15,000

Number Comment

 ① Variance from prior year due to change in recording sewer revenues. Revenues for current year consistent with current year budget. ② Variance from prior year due to the sewer fund having interest allocated in the current year. ③ Bond payment made for 2026.

120 City of Kenyon, Minnesota Statement of Revenues and Expenditures - Budget and Actual - Electric Fund (Unaudited) For the Three Months Ended March 31, 2026

Amount YTD CY as a

2026 Annual Amount YTD YOY Variance PY Percent of PY C Budget 3/31/2026 3/31/2026 3/31/2025 3/31/2026

 Revenues  Charges for Services $ 2,271,900 $ 469,000 $ 572,945 $ 103,945 122.16% ①  Interest Earnings 200,000 54,820 3,057 (51,763) 5.58% ②  Refunds and Reimbursements 0 0 210 210 0.00%  Miscellaneous Revenue 0 964 13,948 12,984 1447.55% ③ Total Revenues $ 2,471,900 $ 524,784 $ 590,160 $ 65,376 112.46% ①…  Expenses  Salaries and Benefits $ 418,390 $ 132,062 $ 105,788 $ 26,274 80.10%  Supplies 76,260 22,601 11,084 11,517 49.04%  Utilities 885,590 194,173 152,604 41,569 78.59% ④  Other Services and Charges 535,510 101,361 145,366 (44,005) 143.41% ⑤  Repair and Maintenance 105,000 25,123 3,967 21,156 15.79% ⑥  Depreciation 104,012 13,711 26,945 (13,234) 196.53%  Capital 500 81,846 0 81,846 0.00% ⑦  Miscellaneous 10,000 2,601 1,313 1,288 50.50% Total Expenses $ 2,135,262 $ 573,478 $ 447,067 $ 126,411 77.96% ④…  Other Financing Sources (Uses)  Transfers Out $ 101,147 $ 15,026 $ 62,809 $ (47,782) 417.99% ⑧ Other Financing Sources Total $ 101,147 $ 15,026 $ 62,809 $ (47,782) 417.99%

 Total $ 235,491 $ (63,720) $ 80,284 $ 144,004 -126.00% ①…

Electric Revenue by Year

$3,000,000

$2,000,000

Prior Years Prior Year Current Year $1,000,000

$0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 121 Explanation of Items Percentage Received/Expended Less than 80% or Greater than 120% and $ Variance Greater than $15,000

Number Comment

 ① Variance from prior year due to utility billing receipts being coded to revenue rather than accounts receivable in the current year. ② Variance due to change in interest allocation being based on city cash balances. ③ Sales tax refunds received in the current year. ④ Less purchased power in current year compared to prior year. ⑤ Shared facility &amp; services expense recorded for 2026 in Q1. ⑥ Breaker and relay maintenance in the prior year. ⑦ Purchase of truck maintenance and exhaust emission/automatic start in the prior year. ⑧ In lieu of taxes recorded for 2026.

122 City of Kenyon, Minnesota Statement of Revenues and Expenses - Budget and Actual - Storm Water Fund (Unaudited) For the Three Months Ended March 31, 2026

Amount YTD CY as a

2026 Annual Amount YTD YOY Variance PY Percent of PY C Budget 3/31/2026 3/31/2026 3/31/2025 3/31/2026

 Revenues

 Charges for Services $ 125,000 $ 9,359 $ 45,148 $ 35,789 482.42% ①  Taxes 1,000 0 0 0 0.00%  Interest Earnings 6,000 0 21,030 21,030 0.00% ② Revenues Total $ 132,000 $ 9,359 $ 66,178 $ 56,819 707.13% ①, ②  Expenses  Salaries and Benefits $ 29,310 $ 5,481 $ 7,415 $ (1,934) 135.29%  Other Services and Charges 13,180 70 0 70 0.00%  Repair and Maintenance 6,500 926 678 248 73.22%  Debt Service 55,578 37,435 27,561 9,874 73.62%  Depreciation 53,778 27,505 14,419 13,086 52.42% Expenses Total $ 158,346 $ 71,417 $ 50,073 $ 21,344 70.11%

 Total $ (26,346) $ (62,058) $ 16,105 $ 78,163 -25.95% ①, ②

Storm Water Revenue by Year

$200,000

$150,000

Prior Years $100,000 Prior Year Current Year $50,000

$0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

123 Explanation of Items Percentage Received/Expended Less than 80% or Greater than 120% and $ Variance Greater than $15,000

Number Comment

 ① Variance from prior year due to increases in monthly storm sewer maintenance fees for residential and non-residential. ② Increase in interest earnings due to increase in cash and interest allocated based on city cash balances.

124 City of Kenyon, Minnesota Statement of Revenues and Expenditures - Budget and Actual - Liquor Store Fund (Unaudited) For the Three Months Ended March 31, 2026

Amount YTD CY as a

2026 Annual Amount YTD YOY Variance PY Percent of PY C Budget 3/31/2026 3/31/2026 3/31/2025 3/31/2026

 Revenues

 Charges for Services $ 1,039,000 $ 182,052 $ 199,620 $ 17,568 109.65%  Miscellaneous Revenue 0 19 4,635 4,616 24497.94% Revenues Total $ 1,039,000 $ 182,071 $ 204,255 $ 22,184 112.18%  Expenses

 Salaries and Benefits $ 209,560 $ 40,099 $ 52,956 $ (12,857) 132.07%  Cost of Goods Sold 630,200 111,001 134,547 (23,546) 121.21% ①  Other Services and Charges 52,000 11,182 12,063 (881) 107.88%  Repair and Maintenance 4,000 1,343 565 778 42.06%  Supplies 20,400 4,396 1,934 2,462 43.99%  Utilities 21,300 6,078 6,158 (80) 101.31%  Depreciation 14,480 4,301 4,647 (346) 108.03%  Capital 200,000 0 91,641 (91,641) 0.00% ②  Miscellaneous 200 48 28 20 57.43% Expenses Total $ 1,152,140 $ 178,448 $ 304,539 $ (126,091) 170.66% ①, ②  Other Financing Sources (Uses)  Transfers Out 20,000 0 20,000 (20,000) 0.00% Other Financing Sources (Uses) Total $ 20,000 $ 0 $ 20,000 $ (20,000) $ 0.00%

 Total $ (133,140) $ 3,623 $ (120,284) $ (123,907) -3320.49% ①, ②

Liquor Revenue by Year

$1,000,000

Prior Years Prior Year $500,000 Current Year

$0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

125 Explanation of Items Percentage Received/Expended Less than 80% or Greater than 120% and $ Variance Greater than $15,000

Number Comment

 ① More beer purchased for liquor store in the current year. ② Expenses paid for the liquor store remodel project.

126 06/01/26 12:41 PM CITY OF KENYON Page 1 *Revenue Guideline©

Current Period: MARCH 2026