HomeMy WebLinkAbout[04] Accounts Payable & Financial ReportDATE: Novembber 9, 2009
MEMO TO:: St. Joseeph Econommic Developmment Authoritty
FROM: Cynthiaa Smith-Stracck, Municipaal Developmeent Group
RE: Accounnts Payable –– October
October Financial RReports
A. Accounts Payable::
Following aare Accounts Payable for thhe EDA’s Connsideration.
Payable TooFor FundAmounnt
MDG, Inc. Oct. Econ. DDev. Service 150-46500-3300 $ 2,611.40
Total $ 2,611.40
Action:
A MOTION is in order too approve the Accounts Paayable.
B. Financiial Report:
October financial reportss are attachedd. The reportss consist of:
1.Monthly Repport.
2.Balance Sheeet.
3.EDA revenuue to date.
4.EDA expendditures to datee.
Action:
A MOTION is in order too approve the financial repoorts.
INVOICE
MDG,I.
UNICIPAL EVELOPMENT ROUPNC
25562 WILLOW LANE
NEW PRAGUE, MN 56071
City of St. Joseph
952-758-7399
Attn: Judy Weyrens
FAX: 952-758-3711
City Administrator
ÉÈÛÖÖüÏÇÎÓÙÓÌÛÐØ×Æ×ÐÍÌÏ×ÎÈÕÊÍÇÌÙÍÏ
PO 668
St. Joseph, MN 56374
Payment TermsCustomer ID #:
Invoice Date 11-10-09
: 30 days
STJ09ED
Project October EconomicDevelopment Services
See attached detail
Amount:
$2,200.00 Monthly contract fee
$ 411.40 748 miles x .55
$2,611.40
Code to: 150-46500-300 for general EDA
Remit To
: Municipal Development Group, Inc.
25562 Willow Lane
New Prague, MN 56071
Dates-EDAHours
October 7, 2009 EDA Office Hours: C. Strack 8.00 Hours
October 14, 2009 EDA Office Hours: C. Strack 10.50 Hours
October 21, 2009 EDA Office Hours: C. Strack 8.00 Hours
October 28, 2009 EDA Office Hours: C. Strack 8.00 Hours
Total October, 200934.50 Hours
Total Contract Hours Through October 31, 2009: 349.50 Hours
Thank you! We appreciated the opportunity to work with you!
_________________________________
Check No
.__________________
Principal
Date
: ______________________
St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
October 2009
Fund 150, EDA Balance as of December 31, 2008 (audited)
19,713.20
Year to Date Revenue:
Interest Earnings519.12
Coborns Tax Abatement Deposit7,500.00
Transfers from other funds315.60
Transfers from the General Fund21,005.00
Total Revenue29,339.72
Year to Date Expenditure Total by Project:
Market Development9,663.35
**
Business Development14,441.25
**
Organizational Development3,437.50
**
Infrastructure Development618.75
**
Workforce Development123.75
**
28,284.60
Year to Date Expenditures by Object:
Board Stipends-
Staff Salaries(297.47)
Office Supplies(62.74)
Municipal Development Group(22,903.25)
Legal Fees(1,950.75)
Telephone(669.99)
Postage(28.00)
Advertising(135.28)
Recording Fee(92.00)
Workers Comp Premium(19.33)
Rentals (Postage Machine)(71.10)
St. Cloud EDA Membership Dues(8,000.00)
EDA Programs(8,951.26)
Total Expenses(43,181.17)
Fund Summaries as of September 30, 2009:
EDA Fund Balance - Fund 150
5,871.75
300.00
Designated for Capital Purchases
5,571.75
Undesignated
TIF 1-3 Borgert Products Fund Balance - Fund 155
-
TIF 1-4 St. Joseph Development Fund Balance -Fund 156
30,552.79
TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 157
142.49
Revolving Loan Fund Balance - Fund 250
54,313.58
** Detail available upon request
11/05/09 3:54 PM
CITY OF ST JOSEPH
Page 1
EDA Expenditure Report
Current Period: October 2009
2009October2009
Account DescrYTD Budget2009 AmtYTD Amt
FUND 150 Economic Development
E 150-46500-101 Salaries$0.00$0.00$223.42
E 150-46500-103 Legislative Bodies$1,390.00$0.00$0.00
E 150-46500-121 PERA Contributions$0.00$0.00$15.08
E 150-46500-122 FICA Contributions$0.00$0.00$13.12
E 150-46500-123 Deferred Comp-Employer$0.00$0.00$4.56
E 150-46500-125 Medicare Contributions$0.00$0.00$3.07
E 150-46500-130 Health Ins-Deductible$0.00$0.00$6.25
E 150-46500-131 Health Insurance$0.00$0.00$31.02
E 150-46500-132 Dental Insurance$0.00$0.00$0.00
E 150-46500-133 Life Insurance$0.00$0.00$0.31
E 150-46500-134 Disabilty Insurance$0.00$0.00$0.00
E 150-46500-136 Fringe Benefits-Employee$0.00$0.00$0.64
E 150-46500-151 Workers Comp. Insur. Prem.$150.00$0.00$19.33
E 150-46500-200 Office Supplies$500.00$0.00$62.74
E 150-46500-300 Professional Services$0.00$2,112.99$22,903.25
E 150-46500-303 Engineering Fee$2,000.00$0.00$0.00
E 150-46500-304 Legal Fees$1,000.00$0.00$1,950.75
E 150-46500-321 Telephone$1,200.00$55.66$669.99
E 150-46500-322 Postage$350.00$0.00$28.00
E 150-46500-331 Travel & Conference Expense$150.00$0.00$0.00
E 150-46500-340 Advertising$500.00$0.00$135.28
E 150-46500-410 Rentals$0.00$0.00$71.10
E 150-46500-433 Dues & Subscriptions$8,000.00$0.00$8,000.00
E 150-46500-434 Certification Fee$0.00$46.00$92.00
E 150-46500-582 Computer Software$300.00$0.00$0.00
E 150-46500-588 EDA Programs$20,000.00$3,101.26$8,951.26
FUND 150 Economic Development$35,540.00$5,315.91$43,181.17
FUND 155 TIF 1-3 Borgert (SKN)
E 155-46500-622 Tax Increment Payments$0.00$0.00$0.00
E 155-49300-720 Transfers to Other Funds$0.00$0.00$5,948.15
FUND 155 TIF 1-3 Borgert (SKN)$0.00$0.00$5,948.15
FUND 156 TIF 1-4 St. Joe Development
E 156-46500-101 Salaries$0.00$0.00$232.60
E 156-46500-121 PERA Contributions$0.00$0.00$15.71
E 156-46500-122 FICA Contributions$0.00$0.00$13.66
E 156-46500-123 Deferred Comp-Employer$0.00$0.00$4.75
E 156-46500-125 Medicare Contributions$0.00$0.00$3.19
E 156-46500-130 Health Ins-Deductible$0.00$0.00$6.51
E 156-46500-131 Health Insurance$0.00$0.00$32.31
E 156-46500-133 Life Insurance$0.00$0.00$0.32
E 156-46500-134 Disabilty Insurance$0.00$0.00$0.13
E 156-46500-136 Fringe Benefits-Employee$0.00$0.00$0.67
E 156-46500-300 Professional Services$0.00$0.00$40.00
E 156-46500-340 Advertising$0.00$0.00$30.00
E 156-46500-622 Tax Increment Payments$0.00$0.00$29,786.46
FUND 156 TIF 1-4 St. Joe Development$0.00$0.00$30,166.31
FUND 157 TIF 2-1 Millstream
E 157-46500-101 Salaries$0.00$0.00$232.60
E 157-46500-121 PERA Contributions$0.00$0.00$15.69
E 157-46500-122 FICA Contributions$0.00$0.00$13.66
E 157-46500-123 Deferred Comp-Employer$0.00$0.00$4.74
E 157-46500-125 Medicare Contributions$0.00$0.00$3.20
E 157-46500-130 Health Ins-Deductible$0.00$0.00$6.51
11/05/09 3:54 PM
CITY OF ST JOSEPH
Page 2
EDA Expenditure Report
Current Period: October 2009
2009October2009
Account DescrYTD Budget2009 AmtYTD Amt
E 157-46500-131 Health Insurance$0.00$0.00$32.31
E 157-46500-133 Life Insurance$0.00$0.00$0.33
E 157-46500-134 Disabilty Insurance$0.00$0.00$0.13
E 157-46500-136 Fringe Benefits-Employee$0.00$0.00$0.66
E 157-46500-300 Professional Services$0.00$0.00$100.00
E 157-46500-317 Other fees$0.00$0.00$0.00
E 157-46500-331 Travel & Conference Expense$0.00$0.00$0.00
E 157-46500-340 Advertising$0.00$0.00$30.00
E 157-46500-622 Tax Increment Payments$0.00$0.00$2,880.00
E 157-49300-720 Transfers to Other Funds$0.00$0.00$5,625.50
FUND 157 TIF 2-1 Millstream$0.00$0.00$8,945.33
FUND 250 Revolving Loan Fund
E 250-46500-455 Revolving Loan Proceeds$0.00$0.00$0.00
$35,540.00$5,315.91$88,240.96
11/05/09 3:58 PM
CITY OF ST JOSEPH
Page 1
EDA Revenue Report
Current Period: October 2009
2009October2009
FUND DescrSOURCESOURCE DescrYTD Budget2009 AmtYTD Amt
FUND 150 Economic Development
Economic Development34150TIF/MIF Deposit$0.00$0.00$7,500.00
Economic Development36210Interest Earnings$3,000.00$16.30$519.12
Economic Development39201Transfers from Other Funds$42,010.00$0.00$21,320.60
FUND 150 Economic Development$45,010.00$16.30$29,339.72
FUND 155 TIF 1-3 Borgert (SKN)
TIF 1-3 Borgert (SKN)31050Tax Increment$0.00$0.00$0.00
TIF 1-3 Borgert (SKN)36210Interest Earnings$0.00$0.00$0.00
FUND 155 TIF 1-3 Borgert (SKN)$0.00$0.00$0.00
FUND 156 TIF 1-4 St. Joe Development
TIF 1-4 St. Joe Development31050Tax Increment$0.00$0.00$33,096.07
TIF 1-4 St. Joe Development36210Interest Earnings$0.00$33.52$918.16
FUND 156 TIF 1-4 St. Joe Development$0.00$33.52$34,014.23
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream31050Tax Increment$0.00$0.00$3,200.00
TIF 2-1 Millstream34150TIF/MIF Deposit$0.00$0.00$0.00
TIF 2-1 Millstream36210Interest Earnings$0.00$0.07$126.29
FUND 157 TIF 2-1 Millstream$0.00$0.07$3,326.29
FUND 250 Revolving Loan Fund
Revolving Loan Fund36210Interest Earnings$0.00$59.63$1,665.86
$45,010.00$109.52$68,346.10