September 10, 2014 Algona, Iowa Minutes of Proceedings Of the Algona Municipal Utilities’ Board of Trustees A meeting of the Board of Trustees of the Algona Municipal Utilities was held in the office of the Algona Municipal Utilities at 104 W. Call Street, Algona, Iowa on September 10, 2014 at 11:00 A.M. Present: Jay Geving, Chairman; Trustees – Walter Krahenbuhl, Karen Schaaf, David Golwitzer, Julie Murphy Absent: None Also Present: John Bilsten, General Manager; Brien Rindone, Secretary – Comptroller; Scott Buchanan, General Counsel; Jon Burmeister, Public Financial Management, Inc; Blair Metzger, DGR Engineering Chairman Geving called the meeting to order at 11:00 A.M. The consent agenda included adoption of the agenda, approval of the August 13, 2014 regular meeting minutes, the August 25, 2014 regular meeting minutes, and approval of the monthly vouchers. Trustee Golwitzer moved to approve the consent agenda, seconded by Trustee Schaaf. Motion carried unanimously. The Board reviewed the July 2014 Financial Statements. Trustee Schaaf moved to approve the financial statements and place them on file, seconded by Trustee Krahenbuhl. Motion carried unanimously. The Board heard from Blair Metzger regarding the proposed Electric Rate adjustments for 2015 and 2016. The Board set the date and time for a Public Hearing on 2015 and 2016 Electric Rate Adjustments. Trustee Krahenbuhl moved to set the date and time as October 8, 2014, at 11:00 A.M., seconded by Trustee Golwitzer. Motion carried unanimously. Jon Burmeister reviewed recommendations for a Senior Manager Underwriter for the 2014 Electric Bond Sale. The Board discussed the proposals received from investment banking firms. Trustee Golwitzer moved to authorize the General Manager to sign an engagement letter with D.A. Davidson, seconded by Trustee Schaaf. Motion carried unanimously. The General Manager presented a Resolution Fixing the Date for a Meeting on the Authorization of a Loan Agreement and the Issuance of Not to Exceed $4,000,000 Electric Revenue Capital Loan Notes of the City of Algona, State of Iowa and providing for publication of notice thereof. Trustee Murphy moved to set the date and time as October 29, 2014 at 11:00 A.M., seconded by Trustee Krahenbuhl. Motion carried unanimously. The Board reviewed Resolution #2014-11, a resolution authorizing execution of an engagement letter with Ahlers & Cooney, P.C. Trustee Schaaf moved to approve the resolution, seconded by Trustee Golwitzer. Motion carried unanimously. The General Manager updated the Board on a number of topics including the new Online Bill Pay, Iowa Area Development Group, Kossuth County Fairgrounds, Lookout Point Communications, electric and water meter installations, and the East Water Tower project. The Board reviewed the Pay Request #3, a final request and owner’s acceptance of the project, from Justin Myers Construction, Inc for the Power Plant Emissions upgrade labor. Trustee Golwitzer moved to approve the pay request, seconded by Trustee Murphy. Motion carried unanimously. The Board reviewed Pay Request #2, a final request and owner’s acceptance of the project, from Girtz Global Solutions for the Power Plant Emissions upgrade equipment. Trustee Schaaf moved to approve the pay request, seconded by Trustee Krahenbuhl. Motion carried unanimously. The next meeting is scheduled for October 8, 2014 at 11:00 A.M. Upon motion and vote, the meeting adjourned at 12:15 P.M. /s/ Jay B. Geving Jay B. Geving, Chairman Attest: /s/ Brien Rindone Brien Rindone, Secretary The following Vouchers were approved: Chk # 42412 42413 42414 42415 42416 42417 42418

Vendor PAYROLL BILSTEN, JOHN ROETHLER, LOWELL WELLMARK HEALTH PLAN ALGONA MUNICIPAL UTILITIES A & M LAUNDRY AFLAC AHLERS & COONEY, P.C.

Description EMPLOYEE MISC EMPLOYEE MISC REMAINING BALANCE DUE WELLNESS ACTIVITY - PICNIC SUPPLIES PREMIUMS LEGAL SERVICES

Amount $ 104,794.88 23.57 137.20 4,000.00 12.00 77.46 780.60 150.00

42419 42420 42421 42422 42423 42424 42425 42426 42427 42428 42429 42430 42431 42432 42433 42434 42435 42436 42437 42438 42439 42440 42441 42442 42443 42444 42445 42446 42447 42448 42449 42450 42451 42452 42453 42454 42455 42456 42457 42458 42459 42460 42461 42462 42463 42464 42465 42466 42467 42468 42469 42470 42471 42472 42473 42474 42475 42476 42477 42478 42479 42480 42481 42482 42483 42484 42485 42486 42487 42488

ALGONA BAND DAY FIELD SHOW ALGONA HS VIP'S ALGONA PUBLISHING CO. ALLIANCE CONNECT AMERICAN GLASS COMPANY AMERICAN WATER WORKS ASSN ARNOLD MOTOR SUPPLY BLACKHAWK SPRINKLERS INC BORDER STATES ELECTRIC BROWN SHOE FIT CO BUCHANAN BIBLER & GABOR BUSCHER BROS. IMPLEMENT BUSCHER'S SERVICE CENTER CENTRAL IOWA DISTRIBUTING CENTURYLINK CHROME COUNTRY INN COOK'S SCRAP IRON & METAL CUMMINS CENTRAL POWER DEX MEDIA EAST DIAMOND'S DITCH WITCH - IOWA INC DIVERSIFIED ADJUSTMENT SERVICE DUMP IT INC. ELECTRICAL MATERIALS CO. ERPELDING EXCAVATING ENT FAREWAY STORES FARMERS COOPERATIVE ELEV. FASTENAL COMPANY FOERTSCH P & H GLE TRUCKING, INC GVNW CONSULTING LA RUE HANSELMAN HAWKINS INC. HEARTLAND ASPHALT INC HOME BOX OFFICE HYGIENIC LABORATORY - AR IGLASS NETWORKS IOWA ASSN OF MUNI UTILITIES IOWA NETWORK SERVICES IOWA ONE CALL IRBY JOHN DEERE FINANCIAL K & H COOP OIL CO. KEMCO TIRES, INC. KLGA - FM KNUDSEN, BRUCE LENISE KOLLASCH KOSSUTH REG. HLTH CTR KRIZ-DAVIS CO. LOOKOUT POINT COMMUNICATIONS MIDAMERICAN ENERGY MIDAMERICAN ENERGY CO. MOTOR INN OF ALGONA INC MSC INDUSTRIAL SUPPLY CO MICHAEL/EMILY MURPHY CHRISTINE NELSON NEU STAR NG-911, INC NIMECA NORTH IA LUMBER NORTH IOWA MECHANICAL NORTHERN IOWA COMMUNICATIONS NORTHLAND CONSTRUCTION NRG ENGERGY SERVICES, LLC POWER & TELEPHONE SUPPLY PRO-BUILD PROFESSIONAL COMPUTER SYSTEMS REDING GRAVEL & EXC. RESCO ROETHLER ELECTRIC

GOLD LEVEL SPONSOR GOLD MEMBERSHIP ADVERTISING SERVICES VOICE AND DATA STEEL DOOR DUES PARTS INSPECTION SERVICES SUPPLIES SUPPLIES LEGAL SERVICES SUPPLIES FUEL SUPPLIES LOCAL INTERCONNECTION SERVICE MATERIALS INSPECTION SERVICES ADVERTISING CHARGES EMPLOYEE CLOTHING SUPPLIES COLLECTION SERVICES DUMPSTER SUPPLIES SUPPLIES SUPPLIES PROPANE SUPPLIES APPL REBATE - GLE TRUCKING APPL REBATE - WATER HEATER CONSULTING SERVICES APPL REBATE - HEAT PUMP CHEMICALS SENIOR CENTER - ASPHALT GUIDES TESTING SERVICES MONITORING SERVICES EIA 861 SCHEDULE 6 REPORT SERVICES SERVICES SUPPLIES PURCHASES FUEL SERVICE ADVERTISING SERVICES WINDOW REBATE APPL REBATE - WASHER WORK COMP CLAIM SUPPLIES CONSULTING SERVICES SERVICE GENERATOR POWER SUPPLY REPAIR SERVICES SUPPLIES APPL REBATE - AC APPL REBATE - WASHER LNP DATABASE MANAGEMENT URD 2960 FAULT SUPPLIES APPL REBATE - HANSELMAN BANDWIDTH BRICK WORK FOR SHOP SUPPLIES EQUIPMENT SUPPLIES UTILISMART FEES FILL SAND INVENTORY SUPPLIES

200.00 100.00 510.05 370.56 904.15 86.00 101.05 113.00 71.78 95.36 900.00 93.93 163.84 156.40 231.31 55.37 32.23 2,856.77 82.31 367.97 13.36 486.77 318.06 160.32 9.88 78.96 30.00 20.02 90.00 50.00 60.00 400.00 4,594.68 1,350.00 7.50 28.00 500.00 100.00 11,640.86 101.00 4,364.56 69.82 919.01 886.07 1,039.50 67.66 100.00 214.00 40.00 3,442.50 110.92 336.73 732.06 574.07 200.00 100.00 620.32 150.00 545.00 131.58 100.00 8,267.27 737.95 68.37 927.34 3.85 2,907.75 81.16 2,270.72 19.26

42489 42490 42491 42492 42493 42494 42495 42496 42497 42498 42499 42500 42501 42502 42503 42504 42505 42506 42507 42508 42509 42510 42511 42512 42513 42514 42515 42516 42517 42518 42519 42520 42521 42522 42523 42524 42525 42526 42527 42528 42529 42530 42531 42532 42533 42534 42535 42536 42537 42538 42539 42540 42541 42542 42543 42544 42545 42546 42547 42548 42549 42550 42551 42552 42553 42554 42555 42556 42557 42558

SANDE CONSTRUCTION SIGN WORKS SKARSHAUG TESTING LABS SPENCER MUNICIPAL UTILITIES T.P. ANDERSON COMPANY THE WATER CONNECTION TRIBUNE MEDIA SERVICES VAN WERT INC MARTY WADLE WALLACE WATER COND. WEX ZIEGLER INC. ALGONA DUCKS UNLIMITED BBC AMERICA INC BIG 10 BILSTEN, JOHN DISCOVERY COMMUNICATIONS LLC ESPN INC. FOX SPORTS NET NORTH HUB TELEVISION NETWORKS, LLC IA DIST.WIND GEN.PROJECT IN DEMAND KAAL LIN TELEVISION CORP MG MEDIA S.A.R.L MG MEDIA S.A.R.L (PLAYBOY) NEXSTAR PAPPAS TELECASTING OF IOWA RFD TV ROVI SHOWTIME NETWORKS INC SINCLAIR BROADCAST GROUP INC TOWER DISTRIBUTION CO ADVANTAGE ADMINISTRATORS AVESIS THIRD PARTY ADMIN KOSSUTH CO CARE TEAM METLIFE SMALL BUSINESS CENTER WELLMARK HEALTH PLAN ALGONA MUNICIPAL UTILITIES CARD CENTER HY-VEE ROETHLER, LOWELL B&W CONTROL SPECIALISTS CENTRAL IOWA DISTRIBUTING JOHNSTON AUTOSTORES LINCOLN LIFE NORTH AMERICAN NUMBERING PLAN RIVER ROAD GOLF CLUB LINDA ALBERS ALGONA CHAM. OF COMMERCE ALGONA MUNICIPAL UTIL. ALGONA MUNICIPAL UTILITIES ALGONA PLG. & HTG. ALGONA PLUMBING & HEATING ALTEC INDUSTRIES INC. AMU-SKYLINK. L.C. BLACKTOP SERVICE CO. BOMGAARS BORDER STATES ELECTRIC BRIAN'S WELDING PAMELA BURTNETT RYAN BUSKE CENTURYLINK CENTURYLINK CENTURYLINK LYLE CHRISTOPHER CITY OF ALGONA CORN BELT POWER COOP CRESCENT ELECTRIC SUPPLY KELSEY CROSSER

SUPPLIES LOGOS UNIT 10 TESTING SWITCHING SERVICES SERVICES SALT WEATHER SERVICES METERS APPL REBATE - AC MONTHLY RENTAL FUEL SUPPLIES DONATION SUBS SUBS EMPLOYEE MISC SUBS SUBS SUBS SUBS SHARED COSTS PPV'S RETRANSMISSION RETRANSMISSION PPV'S PPV'S RETRANSMISSION RETRANSMISSION SUBS SUBS SUBS RETRANSMISSION SUBS HRA ADMINISTRATIVE SERVICES PREMIUMS DONATION FOR GOLF FUNDRAISER PREMIUMS PREMIUMS SERVICES PURCHASES SUPPLIES EMPLOYEE MISC PRODUCT SUPPLIES PARTS DEFERRED COMP ANNUAL SHARE AMU GOLF OUTING COMMUNICATIONS REFUND BAND DAY SPONSOR -DIAMOND MEDICAL SELF INSURANCE ELECTRIC SERVICES SUPPLIES APPL REBATE - LALLIER PARTS INVENTORY PATCHES SUPPLIES INVENTORY REPAIR AT POWER PLANT APPL REBATE - WASHER COMMUNICATIONS REFUND SERVICE LOCAL INTERCONNECTION LOCAL MESSAGE COMPENSATION COMMUNICATIONS REFUND PATCH HOLES- CALL/MOORE & CALL/MAIN TRANSMISSION SERVICE SUPPLIES COMMUNICATIONS REFUND

1,558.63 142.14 508.99 6,543.51 650.00 97.01 80.76 1,701.30 350.00 24.61 1,751.02 2,615.30 100.00 274.93 2,482.16 36.70 487.20 295.84 6,221.73 132.24 614.80 250.00 822.15 1,278.90 38.29 12.72 1,825.00 1,004.85 143.56 1,412.19 472.05 2,795.31 2,737.16 166.60 545.25 50.00 2,498.26 27,479.92 14,290.63 2,532.42 77.89 154.00 609.90 178.60 42.94 4,920.00 27.01 87.00 42.42 200.00 446.00 1,546.35 29.96 50.00 28.09 321.00 4,210.80 536.60 769.16 180.71 100.00 18.64 110.86 359.27 2.94 12.07 426.00 48,721.00 35.46 8.32

42559 42560 42561 42562 42563 42564 42565 42566 42567 42568 42569 42570 42571 42572 42573 42574 42575 42576 42577 42578 42579 42580 42581 42582 42583 42584 42585 42586 42587 42588 42589 42590 42591 42592 42593 42594 42595 42596 42597 42598 42599 42600 42601 42602 42603 42604 42605 42606 42607 42608 42609 42610 42611 42612 42613 42614 42615 8801654 8801655 8801656 8801657 8801658 8801659 8801660 8801661 8801662 8801663 8801664 8801665 8801666

DAN PATTEN ROOFING DAN-D LASER CARTRIDGES DGR ENGINEERING DITCH WITCH - IOWA INC RON DITSWORTH DOORS INC DUMP IT SANITATION RECYCLING,INC ELECTRICAL MATERIALS CO. ERPELDING EXCAVATING ENT KELLY EVANS FASTENAL COMPANY FOERTSCH P & H MERTIE H GEORG JAY GEVING DAVID GOLWITZER GREIN, LELAND TAWNYA HEALD HJELMELAND BUILDERS, INC. I WIRELESS IOWA ASSN OF MUNI UTILITIES IOWA STATE BANK IOWA STATE BANK IRBY MARK P KOLLASCH KOSS CO ECONOMIC DEV CORP WALTER KRAHENBUHL MIKE LALLIER MERLE LAUBENTHAL RANDY/JUDY LIEN MCENROE, LOUIS METERING & TECHNOLOGY SOLUTIONS MIDAMERICAN COMP CORP MIDAMERICAN ENERGY MULLIGANS JULIE MURPHY NALCO COMPANY NORTHWEST COMM NETWORK PETERSON, MARTIN RESCO RINGSDORF, RICHARD RIVERSIDE MANUFACTURING CO ANDREW ROBINSON RUHNKE BROS SINCLAIR THOMAS SAMPSON KAREN SCHAAF SIGN WORKS DICK SJOGREN KATIE STUECK STUNDAHL CLEANING TANTALUS ROBERT THIES TULSAT - NEBRASKA UNITYPOINT CLINIC WALLACE WATER COND. WINDOW ACCENTS WSI CORPORATION BRIAN ZWIEFEL NATIONAL CABLE TELEVISION COOP EFT - SALES TAX TRANSFER ADVANTAGE ADMINISTRATORS ADVANTAGE ADMINISTRATORS ADVANTAGE ADMINISTRATORS EFT - SALES TAX TRANSFER EFTPS TRANSFER INTERSTATE TRS FUND NIMECA ADVANTAGE ADMINISTRATORS TREASURER STATE OF IOWA IPERS ADVANTAGE ADMINISTRATORS

REPAIR OF POWER PLANT ROOF COPIER MAINT AND BILLING SERVICE - RATE STUDY SUPPLIES COMMUNICATIONS REFUND LOCK SOFTWARE COMMUNICATIONS REFUND SUPPLIES 218 N CLARKE ST COMMUNICATIONS REFUND SUPPLIES APPL REBATE - LAUBENTHAL COMMUNICATIONS REFUND TRUSTEE FEES TRUSTEE FEES COMMUNICATIONS REFUND COMMUNICATIONS REFUND 1715 E MOUND ST SERVICE E-PAY LOAN COMM LOAN PAYMENT COMM LOAN PAYMENT TRANSFORMERS ELECTRIC REFUND 2015 AG EDUCATION DAY SPONSOR TRUSTEE FEES APPL REBATE - AC APPL REBATE - WATER HEATER COMMUNICATIONS REFUND COMMUNICATIONS REFUND WATER METER BILLING SERVICES SERVICE PICNIC TRUSTEE FEES SERVICE BANDWIDTH WINDOW REBATE SUPPLIES COMMUNICATIONS REFUND EMPLOYEE CLOTHING COMMUNICATIONS REFUND FUEL COMMUNICATIONS REFUND TRUSTEE FEES LOGOS COMMUNICATIONS REFUND COMMUNICATIONS REFUND OFFICE CLEANING SERVICES WATER METER READING EQUIP APPL REBATE - WASHER REPAIR SERVICES LAB SERVICES RENTAL FEES REPAIR SERVICE SERVICES APPL REBATE - WASHER SUBS SALES TAX HRA REIMBURSEMENT HRA REIMBURSEMENT FLEX REIMBURSEMENT SALES TAX PAYROLL TAXES MONTHLY ASSESSMENT POWER HRA REIMBURSEMENT STATE INCOME TAX IPERS WITHHOLDING HRA REIMBURSEMENT

308.96 888.62 5,937.99 440.71 62.45 378.86 78.68 19.91 500.41 37.29 32.22 40.00 58.65 75.00 75.00 51.88 39.76 2,500.00 37.56 6,500.00 3,971.58 17,856.79 8,911.10 3.75 150.00 75.00 200.00 210.00 131.32 382.61 2,650.95 5,053.01 198.11 66.70 75.00 199.49 725.50 679.71 314.95 83.13 92.87 96.82 2,239.09 8.58 75.00 145.69 70.52 83.88 900.00 7,052.00 100.00 685.25 111.00 24.61 48.15 220.00 100.00 61,986.66 25,787.00 1,779.64 52.00 2,419.01 11,779.00 19,769.43 144.98 89,104.36 38.40 10,836.00 36,582.36 494.64

8801667

LIBRARY OF CONGRESS

ROYALTY FEES

7,977.81