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Home My WebLink About[04] Accounts Payable & Financial Report.jk&� CITY OF ST. JOSEPH Vmw. cityof stjoscph. com DATE: October 20, 2010 A MOTION is in order to approve the Financial Reports. Page 4 of 68 MEMO TO: St. Joseph Economic Development Authority FROM: Cynthia Smith- Strack, Municipal Development Group Administrator Judy Weyrens RE: Accounts Payable — October September 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. Sept. Econ. Dev. Service 150 - 46500 -300 $ 2,714.25 Dale Wick Total $ 2,714.25 EDA Carolyn Yaggie— Action: Heinen A MOTION is in order to approve the Accounts Payable. Ken Jacobson Al Rassier Tom Skahen B. Financial Report: Dale Wick August financial reports are attached for your consideration. The reports consist of: 1. Monthly Report. 2. Balance Sheet. 3. EDA revenue to date. 4. EDA expenditures to date. 5. CIP Summary A MOTION is in order to approve the Financial Reports. Page 4 of 68 496% MUNICIPAL DEVELOPMENT GROUP, INC. 25562 WILLOW LANE NEW PRAGUE, MN 56071 952- 758 -7399 FAX: 952- 758 -3711 staffca)municipaidevelopmentgroup .com INVOICE City of St. Joseph Attn: Judy Weyrens City Administrator PO 668 St. Joseph, MN 56374 Invoice Date 10 -10 -10 Payment Terms: 30 days Customer ID #: ISTJ10EDA Project Sept Economic Development Services See attached detail Amount: $2,200.00 Monthly contract fee 514.25 1028 miles x .50 $2,714.25 Code to: 150 -46500 -300 for general EDA Remit To: Municipal Development Group, Inc. 25562 Willow Lane New Prague, MN 56071 Dates -EDA Hours Sept 1, 2010 EDA Office Hours: C. Strack 8.00 Hours Sept 8, 2010 EDA Office Hours: C. Strack 8.00 Hour Sept 13, 2010 EDA Office Hours: C. Strack 2.50 Hours Sept 15, 2010 EDA Office Hours: C. Strack 8.00 Hours Sept 22, 2010 EDA Office Hours: C. Strack 8.00 Hours Sept 28, 2010 EDA Office Hours: C. Strack 8.00 Hours Total Sept, 2010 42.50 Hour Total Contract Hours Sept 30, 2010: 318 Hours Check No. Date: Thank you! We appreciated the opportunity to work with youi Page 5 of 68 Principal St. Joseph Economic Development Authority Summary Treasurer's Report - Fund 150 September 2010 Fund 150, EDA Balance as of December 31, 2009 (audited) 3,627.31 Year to Date Revenue: Interest Earnings (10.29) Transfers from the City's General Fund 51,136.79 Total Revenue 51,126.50 Year to Date Expenditure Total _bv Proiect: Market Development 1,280.49 ** Business Development 17,462.21 ** Organizational Development 4,594.99 ** Infrastructure Development 200.15 ** Workforce Development - ** 23,537.84 Year to Date Expenditures by Obiect: Board Stipends - Staff Salaries - Workers Comp Premium (27.80) Office Supplies (100.26) Software Support (434.93) Municipal Development Group (19,300.34) Legal Fees - Telephone (531.96) Postage (255.60) Business Luncheon (209.47) Advertising (27.44) Recording Fee - Rentals (Postage Machine) (15.00) St. Cloud EDA Membership Dues (8,000.00) EDA Programs (3,920.76) Total Expenses (32,823.56) Fund Summaries as of September 30, 2010: EDA Fund Balance - Fund 150 - unaudited 21,930.25 Designated for Capital Programs 9,126.79 Undesignated 12,803.46 TIF 1-4 St. Joseph Development Fund Balance - Fund 156 38,007.90 TIF 2 -1 Millstream Shops and Lofts Fund Balance - Fund 157 1,764.23 Revolving Loan Fund Balance - Fund 250 33,428.78 ** Detail available upon request Page 6 of 68 a M CA m a 0 i+> O *., r O W O � r c co LL 0 m a Q ¢tC1 V W 3 v �g C 3 V e[ f LL LOS owl O1': O 0)00)1 0; O M 0 0 M O N OON O W 0 0 0 0 COI O r- 0000 1-- 0 pNo H E3 N O a O 0Oj 0S0 0�00 � p9 O d9 � 4 E9d969 ) fO ci I p Cli LO0C0p ON) � a C�� CCiOM � pp p N Cn�000� I 9 9�f3 V �� CLLU�pp c d09H CO0 N II � co co C> Of all V: 00104 E3 a� co Ln CA toN C00� r. 01 coq w C4 N U) 3 C C3 W EA E3 d9 C3 C 3 C3 0) 0 0 p= COO CD C, O NO COI d r'Oa I 8 MOOp O� W /- OO�ON N MOONO- pp M I-pp CV On 099 09iM 0 NO O df3� �p OOCtO O CO V�CRh I CD �� N 2 pp CO M M M. v CA N N CO 0 COO M 0 M CO N C3 i � t0 d C M 6 d -- 01 M C3 69I i W M� C3 V9, f91 CO US En E9 N M3 N C9 60 V9 N EA CA CA WI OgWI- d# I O NMI O M - v, O OLL7p O O �MOI: i O O)d0 ON O �I�ONOP I O O 0)O CV COCA= Lo 4M N O Ih CV M t3 N O MCDa E3 CO C3 C3 C� O I'. 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L=L 1'L l=L 1'L LL '0p C3 CO d H 0 � a rt CITY OF ST JOSEPH 10/13/1011:55 AM Page 1 EDA Expenditure Report Current Period: September 2010 FUND 156 TIF 14 St. Joe Development E 156 -46500 -101 Salaries 2010 September 2010 Account Descr YTD Budget 2010 Amt YTD Amt FUND 150 Economic Development $0.00 $0.00 $7.21 E 150 -46500 -103 Legislative Bodies $1,390.00 $0.00 $0.00 E 150 -46500 -151 Workers Comp. Insur. Prem. $150.00 $0.00 $27.80 E 150 -46500 -200 Office Supplies $500.00 $0.00 $100.26 E 150 - 46500 -215 software support $0.00 $0.00 $434.93 E 150 -46500 -300 Professional Services $28,000.00 $2,480.50 $19,300.34 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 $65.41 $531.96 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 $27.44 E 150 - 46500 -410 Rentals $0.00 $0.00 $15.00 E 150 - 46500 -433 Dues & Memberships $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 _$404.50 �Yy$2,950.41 _ $3,920.76 FUND 150 Economic Development $63,540.00 $0.00 $32,823.56 FUND 156 TIF 14 St. Joe Development E 156 -46500 -101 Salaries $0.00 $0.00 $124.38 E 156 -46500 -121 PERA Contributions $0.00 $0.00 $8.70 E 156 -46500 -122 FICA Contributions $0.00 $0.00 $7.21 E 156 - 46500 -123 Deferred Comp - Employer $0.00 $0.00 $2.37 E 156 -46500 -125 Medicare Contributions $0.00 $0.00 $1.68 E 156 -46500 -130 Health Ins - Deductible $0.00 $0.00 $3.30 E 156 -46500 -131 Health Insurance $0.00 $0.00 $18.22 E 156 - 46500 -133 Life Insurance $0.00 $0.00 $0.23 E 156 -46500 -134 Disabilty Insurance $0.00 $0.00 $1.03 E 156 -46500 -136 Fringe Benefits- Employee $0.00 $0.00 $0.00 E 156 -46500 -300 Professional Services $0.00 $0.00 $60.00 E 156 -46500 -340 Advertising $0.00 $0.00 $27.44 E 156 -46500 -622 Tax Increment Payments $0.00 $0.00 $30,711.12 FUND 156 TIF 14 St. Joe Development $0.00 $0.00 $30,965.68 FUND 157 TIF 2 -1 Millstream E 157 -46500 -101 Salaries $0.00 $0.00 $91.20 E 157 -46500 -121 PERA Contributions $0.00 $0.00 $6.39 E 15746500 -122 FICA Contributions $0.00 $0.00 $5.32 E 157 -46500 -123 Deferred Comp - Employer $0.00 $0.00 $1.75 E 157 -46500 -125 Medicare Contributions $0.00 $0.00 $1.25 E 15746500 -130 Health Ins - Deductible $0.00 $0.00 $2.21 E 157 -46500 -131 Health Insurance $0.00 $0.00 $12.22 E 157 -46500 -133 Life Insurance $0.00 $0.00 $0.14 E 157 -46500 -134 Disabilty Insurance $0.00 $0.00 $0.51 E 15746500 -136 Fringe Benefits- Employee $0.00 $0.00 $0.00 E 15746500 -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 15746500 -340 Advertising $0.00 $0.00 $27.44 E 15746500 -622 Tax Increment Payments $0.00 $0.00 $12,719.09 E 157 -49300 -720 Transfers to Other Funds $0.00 $0.00 Y $0.00 FUND 157 TIF 2 -1 Millstream $0.00 $0.00 $12,867.52 FUND 250 Revolving Loan Fund E 250 -46500 -300 Professional Services $0.00 $0.00 $0.00 E 250 -46500 -304 Legal Fees Pag 09 00 68 $0.00 $0.00 ti CITY OF ST JOSEPH 10/13/10 11:55 AM ��/ �� -• Page 2 EDA Expenditure Report Current Period: September 2010 FUND 250 Revolving Loan Fund $0.00 $0.00 $0.00 $63,540.00 $2,950.41 $76,656.76 Page 9 of 68 2010 September 2010 Account Descr YTD Budget 2010 Amt YTD Amt 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 $2,950.41 $76,656.76 Page 9 of 68 r' CITY OF ST JOSEPH EDA Revenue Report Current Period: September 2010 10/13/10 11:56 AM Page 1 FUND 156 TIF 1-4 St. Joe Development TIF 1-4 St. Joe Development 31050 Tax Increment 2010 September 2010 FUND Descr SOURCE SOURCE Descr YTD Budget 2010 Amt YTD Amt FUND 150 Economic Development $0.00 $145.65 $34,643.34 FUND 157 TIF 2 -1 Millstream Economic Development 34150 TIF /MIF Deposit $0.00 $0.00 $0.00 Economic Development 36210 Interest Earnings $500.00 $58.36 - $10.29 Economic Development 39201 Transfers from Other Funds $42,010.00 $0.00 $51,136.79 FUND 150 Economic Development Interest Earnings _. $0.0_0 $42,510.00 $58.36 $51,126.50 FUND 156 TIF 1-4 St. Joe Development TIF 1-4 St. Joe Development 31050 Tax Increment $0.00 $0.00 $34,190.13 TIF 1-4 St. Joe Development 36210 Interest Earnings $0.00 $145.65 $453.21 FUND 156 TIF 1-4 St. Joe Development $0.00 $145.65 $34,643.34 FUND 157 TIF 2 -1 Millstream TIF 2 -1 Millstream 31050 Tax Increment $0.00 $0.00 $14,132.32 TIF 2 -1 Millstream 34150 TIF/MIF Deposit $0.00 $0.00 $0.00 TIF 2 -1 Millstream 36210 Interest Earnings _. $0.0_0 _ $14.98 $27.68 FUND 157 TIF 2 -1 Millstream $0.00 $14.98 $14,160.00 FUND 250 Revolving Loan Fund Revolving Loan Fund 36210 Interest Earnings $0.00 $106.33 $300.06 Revolving Loan Fund 39320 Revolving Loan Principal $0.00 $275.45 $2,454.43 Revolving Loan Fund 39321 Revolving Loan Interest $0.00 $54.55 $515.57 Revolving Loan Fund 39322 Revolving Loan Origination _ $0.00 $0.00 $0.00 FUND 250 Revolving Loan Fund $0.00 $436.33 $3,270.06 $42,510.00 $655.32 $103,199.90 Page 10 of 68 co 0 a� mm a H C > C f0 Y c \ CO C C N N Y N >, Q) m Y E a v �, V f0 7 Ul Y � w � 0_ V O v y f0 Ql m 0- ai M N > a C a O rn O r" Cl ai 00 CR °O m r- t.6 o'no °-i° M m — r-i m oo m 00 E m L!7 Z Lr v N N W O O ' N O C M .-I O O O O O O N O. 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