HomeMy WebLinkAbout[05a/b] Accounts Payable & Financial ReportsDATE: July 14, 2010
MEMO TO:: St. Joseeph Econommic Developmment Authoritty
FROM: Cynthiaa Smith-Stracck, Municipaal Developmeent Group
RE: Accounnts Payable –– July
June Fiinancial Reports
A. Accounts Payable::
Following aare Accounts Payable for thhe EDA’s Connsideration.
Payable TooFor FundAmounnt
MDG, Inc. June Econ. DDev. Service 150-46500--300 $ 2,7299.50
Total $ 2,7299.50
Action:
A MOTION is in order too approve the Accounts Paayable.
B. Financiaal Report:
June financcial reports arre attached foor your considderation.
The reportss consist of:
1.Monthly Repport.
2.Balance Sheeet.
3.EDA revenuue to date.
4.EDA expendditures to datee.
5.CIP fund repport.
A MOTION is in order too approve the Financial Reeports.
C. TIF Dissbursementss:
TIF disburssements for 20010, initial taxx reimbursemment applicable to District 11-4 and 2-1 haave
been prepaared for considderation.
A MOTION to approve TTIF disbursemments is in ordder.
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 07-10-10
: 30 days
STJ10EDA
Project June EconomicDevelopment Services
See attached detail
Amount:
$2,200.00 Monthly contract fee
$ 529.50 1059 miles x .50
$2,729.50
Code to: 150-46500-300 for general EDA
Remit To
: Municipal Development Group, Inc.
25562 Willow Lane
New Prague, MN 56071
Dates-EDAHours
June 2, 2010 EDA Office Hours: C. Strack 8.00 Hours
June 9, 2010 EDA Office Hours: C. Strack 8.00 Hours
June 11, 2010 SCAEDP MnCar Seminar 3.00 Hours
June 16, 2010 EDA Office Hours: C. Strack 8.25 Hours
June 23, 2010 EDA Office Hours: C. Strac, 8.50 Hours
June 30, 2010 EDA Office Hours: C. Strack8.00 Hours
Total June, 201043.75 Hours
Total Contract Hours June 30, 2010: 43.75 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
June 2010
Fund 150, EDA Balance as of December 31, 200(audited)
9
3,627.31
Year to Date Revenue:
Interest Earnings(102.17)
Transfers from the General Fund21,005.00
Total Revenue20,902.83
Year to Date Expenditure Total by Project:
Market Developmen975.33
t
**
Business Developmen9,816.03
t
**
Organizational Developmen3,421.33
t
**
Infrastructure Developmen200.15
t
**
Workforce Developmen-
t
**
14,412.84
Year to Date Expenditures by Object:
Board Stipends-
Staff Salaries-
Office Supplies(93.94)
Software Support(50.38)
Municipal Development Group(11,790.73)
Legal Fees-
Telephone(344.52)
Postage(255.60)
Advertising-
Business Luncheon(209.47)
Recording Fee-
Workers Comp Premium-
Rentals (Postage Machine)(15.00)
St. Cloud EDA Membership Dues(8,000.00)
EDA Programs(2,305.37)
Total Expenses(23,065.01)
Fund Summaries as of December 31, 2010:
EDA Fund Balance - Fund 150 - unaudited
1,465.13
(9,126.79)
Designated for Capital Purchases
4,955.43
Undesignated
TIF 1-4 St. Joseph Development Fund Balance -Fund 156
58,283.58
TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 157
10,282.99
Revolving Loan Fund Balance - Fund 250
32,174.27
** Detail available upon request
07/09/10 2:09 PM
CITY OF ST JOSEPH
Page 1
EDA Expenditure Report
Current Period: June 2010
2010June2010
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$9.66$93.94
E 150-46500-215 software support$0.00$0.00$50.38
E 150-46500-300 Professional Services$28,000.00$2,465.89$11,790.73
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$65.05$344.52
E 150-46500-322 Postage$350.00$0.00$255.60
E 150-46500-331 Travel & Conference Expense$150.00$0.00$209.47
E 150-46500-340 Advertising$500.00$0.00$0.00
E 150-46500-410 Rentals$0.00$0.00$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$181.61$2,305.37
FUND 150 Economic Development$63,540.00$2,722.21$23,065.01
FUND 156 TIF 1-4 St. Joe Development
E 156-46500-101 Salaries$0.00$58.02$58.02
E 156-46500-121 PERA Contributions$0.00$4.06$4.06
E 156-46500-122 FICA Contributions$0.00$3.43$3.43
E 156-46500-123 Deferred Comp-Employer$0.00$1.12$1.12
E 156-46500-125 Medicare Contributions$0.00$0.80$0.80
E 156-46500-130 Health Ins-Deductible$0.00$1.13$1.13
E 156-46500-131 Health Insurance$0.00$6.23$6.23
E 156-46500-133 Life Insurance$0.00$0.08$0.08
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$74.87$74.87
FUND 157 TIF 2-1 Millstream
E 157-46500-101 Salaries$0.00$58.02$58.02
E 157-46500-121 PERA Contributions$0.00$4.06$4.06
E 157-46500-122 FICA Contributions$0.00$3.42$3.42
E 157-46500-123 Deferred Comp-Employer$0.00$1.12$1.12
E 157-46500-125 Medicare Contributions$0.00$0.80$0.80
E 157-46500-130 Health Ins-Deductible$0.00$1.13$1.13
E 157-46500-131 Health Insurance$0.00$6.23$6.23
E 157-46500-133 Life Insurance$0.00$0.07$0.07
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
07/09/10 2:09 PM
CITY OF ST JOSEPH
Page 2
EDA Expenditure Report
Current Period: June 2010
2010June2010
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$74.85$74.85
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$2,871.93$23,214.73
07/09/10 2:10 PM
CITY OF ST JOSEPH
Page 1
EDA Revenue Report
Current Period: June 2010
2010June2010
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$15.98-$102.17
Economic Development39201Transfers from Other Funds$42,010.00$0.00$21,005.00
FUND 150 Economic Development$42,510.00$15.98$20,902.83
FUND 156 TIF 1-4 St. Joe Development
TIF 1-4 St. Joe Development31050Tax Increment$0.00$23,933.09$23,933.09
TIF 1-4 St. Joe Development36210Interest Earnings$0.00$70.20$95.93
FUND 156 TIF 1-4 St. Joe Development$0.00$24,003.29$24,029.02
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream31050Tax Increment$0.00$9,892.62$9,892.62
TIF 2-1 Millstream34150TIF/MIF Deposit$0.00$0.00$0.00
TIF 2-1 Millstream36210Interest Earnings$0.00$0.96-$6.53
FUND 157 TIF 2-1 Millstream$0.00$9,893.58$9,886.09
FUND 250 Revolving Loan Fund
Revolving Loan Fund36210Interest Earnings$0.00$64.27$35.55
Revolving Loan Fund39320Revolving Loan Principal$0.00$273.39$1,630.15
Revolving Loan Fund39321Revolving Loan Interest$0.00$56.61$349.85
Revolving Loan Fund39322Revolving Loan Origination $0.00$0.00$0.00
FUND 250 Revolving Loan Fund$0.00$394.27$2,015.55
$42,510.00$34,307.12$56,833.49