HomeMy WebLinkAbout[04] Accounts Payable & Financial ReportsDATE: April 211, 2010
MEMO TO:: St. Joseeph Econommic Developmment Authoritty
FROM: Cynthiaa Smith-Stracck, Municipaal Developmeent Group
RE: Accounnts Payable –– April
MarchFFinancial Reports
A. Accounts Payable::
Following aare Accounts Payable for thhe EDA’s Connsideration.
Payable TooFor FundAmounnt
MDG, Inc. March Econ. Dev. Servicee 150-465000-300 $ 2,761.00
Total $ 2,761.00
Action:
A MOTION is in order too approve the Accounts Paayable.
B. Financiaal Report:
March finanncial reports aare attached. The Finance Director notees:
The reportss reflect reverrsals for 20099 accruals; theerefore, there are differencces from whatt was
reported lasst month to thhis month (numbers would be less in revvenues and eexpenditures). The
interest revvenue shows nnegative rightt now. This iss due to not reealizing moree interest earnnings
each monthh compared too the interest receivable thhat was bookeed for 2009. TThis negativee will
go away in a couple monnths.
The EDA fuund shows a ddeficit balance. I did not mmove any of thhe 2010 budgget into the fund as
st
of March 311. I had to wwait until I received Council approval to transfer the fund. They f
approvedmmoving ½ of thhe budget transfer ($21,0005) on 4-1-10.. The transfeer was made oon 4-
2-10. Yourr April reports will not showw a deficit.
Also, pleasse note that ddue to unallootment of locaal governmennt aid our Caapital Improveement
allocation foor the year haas been reducced from $20,000 to $9,0000.
The reportss consist of:
1.Monthly Repport.
2.Balance Sheeet.
3.EDA revenuue to date.
4.EDA expendditures to datee.
5.CIP fund repport.
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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 04-10-10
: 30 days
STJ10ED
Project March EconomicDevelopment Services
See attached detail
Amount:
$2,200.00 Monthly contract fee
$ 561.00 1,122 miles x .50
$2,761.00
Code to: 150-46500-300 for general EDA
Remit To
: Municipal Development Group, Inc.
25562 Willow Lane
New Prague, MN 56071
Dates-EDAHours
March 3, 2010 EDA Office Hours: C. Strack 8.00 Hours
March 10, 2010 EDA Office Hours: C. Strack 8.50 Hours
March 17, 2010 EDA Office Hours: C. Strack 8.00 Hours
March 18, 2010 Prep/Attend CC meeting: C. Strack 2.75 Hours
March 24, 2010 EDA Office Hours: C. Strack 8.00 Hours
March 31, 2010 EDA Office Hours: C. Strack 8.00 Hours
Total March, 201043.25 Hours
Total Contract Hours March 31, 2010: 43.25 Hours
Thank you! We appreciated the opportunity to work with you!
_________________________________
Check No
.__________________
Principal
Date
: ______________________
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St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
March 2010
Fund 150, EDA Balance as of December 31, 2009 (unaudited)
3,627.31
Year to Date Revenue:
Interest Earnings(132.58)
Transfers from the General Fund-
Total Revenue(132.58)
Year to Date Expenditure Total by Project:
Market Developmen238.66
t
**
Business Developmen2,568.40
t
**
Organizational Developmen2,203.65
t
**
Infrastructure Developmen200.15
t
**
Workforce Developmen-
t
**
5,210.86
Year to Date Expenditures by Object:
Board Stipends-
Staff Salaries-
Office Supplies(46.71)
Software Support(50.38)
Municipal Development Group(4,846.60)
Legal Fees-
Telephone(167.51)
Postage-
Advertising-
Recording Fee-
Workers Comp Premium-
Rentals (Postage Machine)(15.00)
St. Cloud EDA Membership Dues(8,000.00)
EDA Programs(256.90)
Total Expenses(13,383.10)
Fund Summaries as of December 31, 2009:
EDA Fund Balance - Fund 150 - unaudited
(9,888.37)
(9,126.79)
Designated for Capital Purchases
19,015.16
Undesignated
TIF 1-4 St. Joseph Development Fund Balance -Fund 156
34,290.47
TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 157
463.40
Revolving Loan Fund Balance - Fund 250
31,061.54
** Detail available upon request
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04/21/10 1:39 PM
CITY OF ST JOSEPH
Page 1
EDA Expenditure Report
Current Period: March 2010
2010March2010
Account DescrYTD Budget2010 AmtYTD 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$0.00
E 150-46500-200 Office Supplies$500.00$46.71$46.71
E 150-46500-215 software support$0.00$50.38$50.38
E 150-46500-300 Professional Services$28,000.00$2,574.00$4,846.60
E 150-46500-303 Engineering Fee$2,000.00$0.00$0.00
E 150-46500-304 Leal Fees$1,000.00$0.00$0.00
g
E 150-46500-321 Telephone$1,200.00$58.28$167.51
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$15.00$15.00
E 150-46500-433 Dues & Subscriptions$8,000.00$0.00$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$0.00$256.90
FUND 150 Economic Development$63,540.00$2,744.37$13,383.10
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
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
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04/21/10 1:39 PM
CITY OF ST JOSEPH
Page 2
EDA Expenditure Report
Current Period: March 2010
2010March2010
Account DescrYTD Budget2010 AmtYTD Amt
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$0.00
E 250-46500-304 Legal Fees$0.00$0.00$0.00
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$0.00
$63,540.00$2,744.37$13,383.10
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04/21/10 1:40 PM
CITY OF ST JOSEPH
Page 1
EDA Revenue Report
Current Period: March 2010
2010March2010
FUND DescrSOURCESOURCE DescrYTD Budget2010 AmtYTD Amt
FUND 150 Economic Development
Economic Development34150TIF/MIF Deposit$0.00$0.00$0.00
Economic Development36210Interest Earnings$500.00$2.68-$132.58
Economic Development39201Transfers from Other Funds$42,010.00$0.00$0.00
FUND 150 Economic Development$42,510.00$2.68-$132.58
FUND 156 TIF 1-4 St. Joe Development
TIF 1-4 St. Joe Development31050Tax Increment$0.00$0.00$0.00
TIF 1-4 St. Joe Development36210Interest Earnings$0.00$112.32-$38.96
FUND 156 TIF 1-4 St. Joe Development$0.00$112.32-$38.96
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream31050Tax Increment$0.00$0.00$0.00
TIF 2-1 Millstream34150TIF/MIF Deposit$0.00$0.00$0.00
TIF 2-1 Millstream36210Interest Earnings$0.00$0.00-$8.35
FUND 157 TIF 2-1 Millstream$0.00$0.00-$8.35
FUND 250 Revolving Loan Fund
Revolving Loan Fund36210Interest Earnings$0.00$100.21-$87.18
Revolving Loan Fund39320Revolving Loan Principal$0.00$271.35$812.02
Revolving Loan Fund39321Revolving Loan Interest$0.00$58.65$177.98
Revolving Loan Fund39322Revolving Loan Origination $0.00$0.00$0.00
FUND 250 Revolving Loan Fund$0.00$430.21$902.82
$42,510.00$545.21$722.93
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