| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DORSEY & WHITNEY LLP | 3,351 | 0 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BERKSHIRE HATHAWAY 2/11/15 | 0 | 0 |
| BANK OF AMERICA MTN 11/14/16 | 100,124 | 99,808 |
| SIMON PROP GP LP 2.150% | 100,247 | 100,928 |
| OCCIDENTAL PETROLEUM | 151,737 | 148,158 |
| JOHN DEERE CAP MTN | 153,607 | 150,650 |
| BECTON DICKINSON | 101,538 | 101,389 |
| WALT DISNEY CO MTN | 153,203 | 152,482 |
| CME GROUP INC | 150,948 | 150,969 |
| MEDTRONIC INC | 95,477 | 97,469 |
| ALLSTATE CORP | 151,816 | 149,885 |
| AT&T INC | 99,844 | 102,109 |
| NATL RURAL UTIL MTN | 150,000 | 143,914 |
| AFFIL MANAGERS | 99,162 | 95,115 |
| ASTRAZENECA PLC | 101,178 | 99,453 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ASSOCIATED BANC CORP | 106,431 | 120,000 |
| BADGER METER INC | 124,166 | 128,898 |
| BAXALTA INTERNATIONAL INC | 33,690 | 58,545 |
| BAXTER INTERNATIONAL INC | 39,534 | 57,225 |
| BEMIS CO | 90,178 | 134,070 |
| BIO-TECHNE CORP | 99,450 | 112,500 |
| CONOCOPHILLIPS | 106,832 | 74,704 |
| CORNING INC | 49,201 | 54,840 |
| CRAY INC | 57,705 | 71,390 |
| DISNEY WALT CO | 70,215 | 210,160 |
| ECOLAB INC COM | 164,696 | 274,512 |
| EMERSON ELECTRIC | 171,413 | 157,839 |
| EXXON MOBIL CORP | 162,965 | 132,515 |
| FASTENAL CO | 83,778 | 126,542 |
| FISERV INC | 33,365 | 128,044 |
| FULLER H B CO | 69,950 | 58,352 |
| G & K SVCS INC CL A | 37,246 | 62,900 |
| GENERAC HOLDINGS | 55,372 | 38,701 |
| GENERAL ELECTRIC CORP | 125,092 | 186,900 |
| GENERAL MLS INC | 134,522 | 207,576 |
| GRACO INC | 134,309 | 183,778 |
| HALYARD HEALTH INC | 0 | 0 |
| HONEYWELL INTERNATIONAL INC | 131,252 | 238,211 |
| HORMEL FOODS CORP | 16,817 | 75,126 |
| INTL BUSINESS MACHINES CORP | 111,228 | 82,572 |
| JOHNSON & JOHNSON | 129,214 | 205,440 |
| KIMBERLY-CLARK CORP | 76,526 | 152,760 |
| MDU RESOURCES GROUP | 62,100 | 54,960 |
| MEDTRONIC INC | 0 | 0 |
| MTS SYS CORP | 55,040 | 50,728 |
| NVE CORP | 62,862 | 50,562 |
| PATTERSON COS INC | 61,391 | 90,420 |
| PFIZER INC | 94,572 | 93,612 |
| PRINCIPAL FINANCIAL GROUP | 117,783 | 157,430 |
| PROCTER & GAMBLE COMPANY | 95,017 | 119,115 |
| QUALCOMM INC | 83,897 | 54,984 |
| ST JUDE MED INC | 90,613 | 154,425 |
| TARGET CORP | 106,877 | 145,220 |
| TCF FINANCIAL | 0 | 0 |
| TORO CO | 75,958 | 94,991 |
| US BANCORP | 117,829 | 192,015 |
| VALSPAR CORP | 48,953 | 165,900 |
| WELLS FARGO & CO | 99,455 | 190,260 |
| WESTERN UNION CO | 130,875 | 123,579 |
| ZIMMER BIOMET HOLDINGS INC | 30,357 | 30,777 |
| 3M CO | 120,621 | 225,960 |
| BP PLC SPONS ADR | 122,361 | 78,150 |
| MEDTRONIC PLC | 225,345 | 230,760 |
| PENTAIR PLC | 66,149 | 99,060 |
| ROCHE HLDG LTD SPONS ADR | 121,236 | 117,198 |
| SCHLUMBERGER LTD | 118,310 | 139,500 |
| STRATASYS LTD | 100,661 | 36,394 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DORSEY & WHITNEY LLP | 2,109 | 0 | 0 |
| Description | Amount |
|---|---|
| STOCK BASIS ADJ (DONOR BASIS VS. FMV) | 680,500 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MN ATTORNEY GENERAL | 25 | 0 | 25 | |
| OTHER INVESTMENT EXPENSES | 93 | 93 | 0 |
| Description | Amount |
|---|---|
| PRIOR YEAR BASIS ADJUSTMENTS ON CORPORATE BONDS | 2,360 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| DORSEY & WHITNEY TRUST COMPANY LLC | 57,155 | 55,855 | 1,300 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXCISE TAXES | 24,330 | 0 | 0 | |
| FOREIGN TAXES | 1,195 | 1,195 | 0 |