HomeMy WebLinkAbout[04] Accounts Payable & Financial ReportCITY OF ST. JOSEPH
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EDA
Carolyn Yaggie— Action:
Heinen A MOTION is in order to approve the Accounts Payable.
Ken Jacobson
Al Rassier
Tom Skahen
Dale Wick
B. Financial Report:
February financial reports are attached. The Finance Director notes, "The 2009 accruals have
not been reversed out in 2010 yet (same as last month). 1 intend to reverse these out by May
— once I know I have the final audited numbers. It will be a bit confusing for a couple months."
The reports consist of
1. Monthly Report.
2. Balance Sheet.
3. EDA revenue to date.
4. EDA expenditures to date.
5. CIP fund report.
Page 5 of 15
DATE:
March 17, 2010
MEMO TO:
St. Joseph Economic Development Authority
FROM:
Cynthia Smith- Strack, Municipal Development Group
Administrator
Judy Weyrens
RE:
Accounts Payable — March
February Financial Reports
Mayor
Al Rassier
A. Accounts Payable:
Councilors
Following are Accounts Payable for the EDA's Consideration.
Steve Frank
Bob Loso
Payable To
For Fund Amount
Renee Symanietz
MDG, Inc.
Feb. Econ. Dev. Service 150 -46500 -300 $ 2,574.00
Dale Wick
Total
$ 2,574.00
EDA
Carolyn Yaggie— Action:
Heinen A MOTION is in order to approve the Accounts Payable.
Ken Jacobson
Al Rassier
Tom Skahen
Dale Wick
B. Financial Report:
February financial reports are attached. The Finance Director notes, "The 2009 accruals have
not been reversed out in 2010 yet (same as last month). 1 intend to reverse these out by May
— once I know I have the final audited numbers. It will be a bit confusing for a couple months."
The reports consist of
1. Monthly Report.
2. Balance Sheet.
3. EDA revenue to date.
4. EDA expenditures to date.
5. CIP fund report.
Page 5 of 15
MUNICIPAL DEVELOPMENT GROUP, INC.
25562 WILLOW LANE
NEW PRAGUE, MN 56071
952 - 758 -7399
FAX: 952 - 758 -3711
staffs &municipaldevelopmentgroup.com
INVOICE
City of St. Joseph
Attn: Judy Weyrens
City Administrator
PO 668
St. Joseph, MN 56374
Invoice Date 03 -10 -10
Payment Terms: 30 days
Customer ID #:
ISTJ10ED
Project February Economic Development Services
See attached detail
Amount: $2,200.00 Monthly contract fee
374.00 748 miles x.50
$2,574.00
Code to: 150 -46500 -300 for general EDA
Remit To: Municipal Development Group, Inc.
25562 Willow Lane
New Prague, MN 56071
Dates -EDA
Hours
February 3, 2010 EDA Office Hours: C. Strack
8.00 Hour
February 10, 2010 EDA Office Hours: C. Strack
8.00 Hour
February 11, 2010 J. Anderson, in MDG office
.75 Hour
February 17, 2010 EDA Office Hours: C. Strack
7.00 Hour
February 24, 2010 EDA Office Hours: C. Strack
8.00 Hours
Total February, 2010
31.75 Hours
Total Contract Hours February 31, 2010: 31.75 Hours
Check No.
Date:
Thank you! We appreciated the opportunity to work with you!
Principal
Page 6 of 15
St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
February 2010
Fund 150, EDA Balance as of December 31, 2009 (unaudited) 3,627.31
Year to Date Revenue:
Interest Earnings 15.27
Transfers from the General Fund -
Total Revenue 15.27
Year to Date Expenditure Total by Project:
Market Development 177.86
**
Business Development 1,244.98
*'
Organizational Development 1,007.85
**
Infrastructure Development 98.81
**
Workforce Development
**
2,529.50
Year to Date Expenditures by Object:
Board Stipends
-
Staff Salaries
-
Office Supplies
-
Municipal Development Group
(4,585.14)
Legal Fees
_
Telephone
(109.23)
Postage
_
Advertising
_
Recording Fee
_
Workers Comp Premium
(12.00)
Rentals (Postage Machine)
-
St. Cloud EDA Membership Dues
(8,000.00)
EDA Programs
(1,525.17)
Total Expenses
(14,231.54)
Fund Summaries as of December 31, 2009:
EDA Fund Balance - Fund 150 - unaudited
(10,588.96)
Designated for Capital Purchases
300.00
Undesignated
(10,888.96)
TIF 1-4 St. Joseph Development Fund Balance - Fund 156
34,178.15
TIF 2 -1 Millstream Shops and Lofts Fund Balance - Fund 157
463.40
Revolving Loan Fund Balance - Fund 250
30,631.33
— Detail available upon request
Page 7 of 15
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rl CITY OF ST JOSEPH 03/11/10 2:55 PM
��� ����••• Page 1
EDA Expenditure Report
Current Period: February 2010
2010
February
2010
Account Descr
YTD Budget
2010 Amt
YTD Amt
FUND 150 Economic Development
E 150 -46500 -101 Salaries
$0.00
$0.00
$0.00
E 150 -46500 -103 Legislative Bodies
$1,390.00
$0.00
$0.00
E 150 -46500 -121 PERA Contributions
$0.00
$0.00
$0.00
E 150 -46500 -122 FICA Contributions
$0.00
$0.00
$0.00
E 150 -46500 -123 Deferred Comp - Employer
$0.00
$0.00
$0.00
E 150 - 46500 -125 Medicare Contributions
$0.00
$0.00
$0.00
E 150 -46500 -130 Health Ins - Deductible
$0.00
$0.00
$0.00
E 150 -46500 -131 Health Insurance
$0.00
$0.00
$0.00
E 150 -46500 -132 Dental Insurance
$0.00
$0.00
$0.00
E 150 -46500 -133 Life Insurance
$0.00
$0.00
$0.00
E 150 -46500 -134 Disabilty Insurance
$0.00
$0.00
$0.00
E 150 -46500 -136 Fringe Benefits- Employee
$0.00
$0.00
$0.00
E 150 -46500 -151 Workers Comp. Insur. Prem.
$150.00
$0.00
$12.00
E 150 - 46500 -200 Office Supplies
$500.00
$0.00
$0.00
E 150 - 46500 -300 Professional Services
$28,000.00
$2,272.60
$4,585.14
E 150 -46500 -303 Engineering Fee
$2,000.00
$0.00
$0.00
E 150-46500 -304 Legal Fees
$1,000.00
$0.00
$0.00
E 150 -46500 -321 Telephone
$1,200.00
$58.57
$109.23
E 150 - 46500 -322 Postage
$350.00
$0.00
$0.00
E 150 -46500 -331 Travel & Conference Expense
$150.00
$0.00
$0.00
E 150 -46500 -340 Advertising
$500.00
$0.00
$0.00
E 150 - 46500 -410 Rentals
$0.00
$0.00
$0.00
E 150 -46500 -433 Dues & Subscriptions
$8,000.00
$8,000.00
$8,000.00
E 150- 46500 -434 Certification Fee
$0.00
$0.00
$0.00
E 150 -46500 -582 Computer Software
$300.00
$0.00
$0.00
E 150 -46500 -588 EDA Programs
$20,000.00
$756.90
$1,525.17
FUND 150 Economic Development
$63,540.00
$11,088.07
$14,231.54
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
$0.00
FUND 155 TIF 1 -3 Borgert (SKN)
$0.00
$0.00
$0.00
FUND 156 TIF 1 -4 St. Joe Development
E 156 -46500 -101 Salaries
$0.00
$0.00
$0.00
E 156 -46500 -121 PERA Contributions
$0.00
$0.00
$0.00
E 156 -46500 -122 FICA Contributions
$0.00
$0.00
$0.00
E 156 -46500 -123 Deferred Comp - Employer
$0.00
$0.00
$0.00
E 156 -46500 -125 Medicare Contributions
$0.00
$0.00
$0.00
E 156 -46500 -130 Health Ins - Deductible
$0.00
$0.00
$0.00
E 156 - 46500 -131 Health Insurance
$0.00
$0.00
$0.00
E 156 -46500 -133 Life Insurance
$0.00
$0.00
$0.00
E 156 -46500 -134 Disabilty Insurance
$0.00
$0.00
$0.00
E 156 -46500 -136 Fringe Benefits - Employee
$0.00
$0.00
$0.00
E 156 -46500 -300 Professional Services
$0.00
$0.00
$0.00
E 156 -46500 -340 Advertising
$0.00
$0.00
$0.00
E 156 -46500 -622 Tax Increment Payments
$0.00
$0.00
$0.00
FUND 156 TIF 1 -4 St. Joe Development
$0.00
$0.00
$0.00
FUND 157 TIF 2 -1 Millstream
E 157 -46500 -101 Salaries
$0.00
$0.00
$0.00
E 157 -46500 -121 PERA Contributions
$0.00
$0.00
$0.00
E 157 -46500 -122 FICA Contributions
$0.00
$0.00
$0.00
E 157-46500 -123 Deferred Comp- Employer
$0.00
$0.00
$0.00
E 157 -46500 -125 Medicare Contributions
$0.00
$0.00
$0.00
E 157 -46500 -130 Health Ins - Deductible
$0.00
$0.00
$0.00
Page 9 of 15
11
CITY OF ST JOSEPH
EDA Expenditure Report
Current Period: February 2010
03/11/10 2:55 PM
Page 2
FUND 250 Revolving Loan Fund
E 250 -46500 -300 Professional Services
2010
February
2010
Account Descr
YTD Budget
2010 Amt
YTD Amt
E 157 -46500 -131 Health Insurance
$0.00
$0.00
$0.00
E 157 -46500 -133 Life Insurance
$0.00
$0.00
$0.00
E 157 -46500 -134 Disabilty Insurance
$0.00
$0.00
$0.00
E 157 -46500 -136 Fringe Benefits - Employee
$0.00
$0.00
$0.00
E 157 -46500 -300 Professional Services
$0.00
$0.00
$0.00
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
$0.00
E 157 -46500 -622 Tax Increment Payments
$0.00
$0.00
$0.00
E 157 - 49300 -720 Transfers to Other Funds
$0.00
$0.00
$0.00
FUND 157 TIF 2 -1 Millstream
$0.00
$0.00
$0.00
FUND 250 Revolving Loan Fund
E 250 -46500 -300 Professional Services
$0.00
$0.00
$287.71
E 250 -46500 -304 Legal Fees
$0.00
$0.00
$346.50
E 250 - 46500 -317 Other fees
$0.00
$0.00
$0.00
E 250 - 46500 -434 Certification Fee
$0.00
$0.00
$0.00
E 250 - 46500 -455 Revolving Loan Proceeds
$0.00
$0.00
$0.00
FUND 250 Revolving Loan Fund
$0.00
$0.00
$634.21
$63,540.00 $11,088.07 $14,865.75
Page 10 of 15
rl CITY OF ST JOSEPH 03/11/10 2:55 PM
Page 1
EDA Revenue Report
Current Period: February 2010
FUND 155 TIF 1 -3 Borgert (SKN)
TIF 1 -3 Borgert (SKN)
31050
Tax Increment
2010
February
2010
FUND Descr
SOURCE
SOURCE Descr
YTD Budget
2010 Amt
YTD Amt
FUND 150 Economic Development
$000
.
.
$000
$00'.
. 0
Economic Development
34150
TIF /MIF Deposit
$0.00
$0.00
$0.00
Economic Development
36210
Interest Earnings
$500.00
$11.62
$15.27
Economic Development
39201
Transfers from Other Funds
$42,010.00
$0.00
$0.00
FUND 150 Economic Development
$60,336.00
$95.41
$42,510.00
$11.62
$15.27
FUND 155 TIF 1 -3 Borgert (SKN)
TIF 1 -3 Borgert (SKN)
31050
Tax Increment
$0.00
$0.00
$0.00
TIF 1 -3 Borgert (SKN)
36210
Interest Earnings
$0.00
... . $0.00
-
$0.00
FUND 155 TIF 1 -3 Borgert SKN
r9 (SKN)
$000
.
.
$000
$00'.
. 0
FUND 156 TIF 1-4 St. Joe Development
TIF 1-4 St. Joe Development
31050
Tax Increment
$59,433.00
$0.00
$0.00
TIF 1-4 St. Joe Development
36210
Interest Earnings
$903.00
$95.41
$120.84
FUND 156 TIF 1-4 St. Joe Development
$60,336.00
$95.41
$120.84
FUND 157 TIF 2 -1 Millstream
TIF 2 -1 Millstream
31050
Tax Increment
$0.00
$0.00
$0.00
TIF 2 -1 Millstream
34150
TIF /MIF Deposit
$0.00
$0.00
$0.00
TIF 2 -1 Millstream
36210
Interest Earnings _._.
$200.00
� $0.00 _ -
$0.00
_ ...._
FUND 157 TIF 2 -1 Millstream
$200 .00
.
00
$0
_...... _..-
$0.00
FUND 250 Revolving Loan Fund
Revolving Loan Fund
36210
Interest Earnings
$2,300.00
$111.17
$148.35
Revolving Loan Fund
39320
Revolving Loan Principal
$0.00
$270.67
$540.67
Revolving Loan Fund
39321
Revolving Loan Interest
$0.00
$59.33
$119.33
Revolving Loan Fund
39322
Revolving Loan Origination
$0.00
$0.00
$0.00
FUND 250 Revolving Loan Fund
$2,300.00
$441.17
$808.35
$105,346.00
$548.20
$944.46
Page 11 of 15
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