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Home My WebLink About[05] Accounts Payable & Financial ReportCITY OF ST. JOSEPH VVV. cityo(stjose ph. Com DATE: November 17, 2010 MEMO TO: St. Joseph Economic Development Authority 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 21 of 27 FROM: Cynthia Smith- Strack, Municipal Development Group Administrator Judy Weyrens RE: Accounts Payable — November October 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. Oct. Econ. Dev. Service 150 - 46500 -300 $ 2,514.00 Dale Wick Total $ 2,514.00 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 October 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 21 of 27 106VA MUNICIPAL DEVELOPMENT GROUP, INC. 25562 WILLOW LANE NEW PRAGUE, MN 56071 952 - 758 -7399 FAX: 952 - 758 -3711 st affC dmunicipaidevelopmentgroup.com INVOICE City of St. Joseph Attn: Judy Weyrens City Administrator PO 668 St. Joseph, MN 56374 Invoice Date 11 -1040 Payment Terms: 30 days Customer ID #: ISTJ10EDA Project Sept Economic Development Services See attached detail Amount: $2,200.00 Monthly contract fee 374.00 1028 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 Oct 6, 2010 EDA Office Hours: C. Strack 8.00 Hours Oct 13, 2010 EDA Office Hours: C. Strack 8.00 Hours Oct 20, 2010 EDA Office Hours: C. Strack 8.00 Hours Oct 27, 2010 EDA Office Hours: C. Strack 8.00 Hours Total Oct, 2010 32.00 Hours Total Contract Hours Sept 30, 2010: 350 Hours Check No. Date: Thank youl We appreciated the opportunity to work with yowl Page 22 of 27 Principal St. Joseph Economic Development Authority Summary Treasurer's Report - Fund 150 October 2010 Fund 150, EDA Balance as of December 31, 2009 (audited) Year to Date Revenue: Interest Earnings Transfers from the City's General Fund Total Revenue Year to Date Expenditure Total by Project: Market Development Business Development Organizational Development Infrastructure Development Workforce Development Year to Date Expenditures by Object: Board Stipends Staff Salaries Workers Comp Premium Office Supplies Software Support Municipal Development Group Legal Fees Telephone Postage Business Luncheon Advertising Recording Fee Rentals (Postage Machine) St. Cloud EDA Membership Dues EDA Programs Total Expenses Fund Summaries as of September 30, 2010: 1,375.48 ** 19,909.71 ** 5,042.80 ** 200.15 ** ** 26,528.14 EDA Fund Balance - Fund 150 - unaudited Designated for Capital Programs Undesignated TIF 1-4 St. Joseph Development Fund Balance - Fund 156 TIF 2 -1 Millstream Shops and Lofts Fund Balance - Fund 157 Revolving Loan Fund Balance - Fund 250 ** Detail available upon request Page 23 of 27 23.42 51,136.79 (27.80) (142.96) (434.93) (21,214.62) (598.34) (255.60) (209.47) (27.44) (15.00) (8,000.00) (4,996.78) 3,627.31 51,160.21 (35,922.94) 18,864.58 9,126.79 9,737.79 38,058.79 1,766.62 33,803.83 2 d a cm v° ` a 0 v 0 C V1 S ++ O r W ,t ,A O co V V O LL C p m d C V W v 1gS�n o �SrI S q gf�NpO. 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Insur. Prem. $150.00 $0.00 $27.80 E 150 -46500 -200 Office Supplies $500.00 $42.70 $142.96 E 150 - 46500 -215 software support $0.00 $0.00 $434.93 E 150 -46500 -300 Professional Services $28,000.00 $1,914.28 $21,214.62 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 $66.38 $598.34 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 15046500433 Dues & Memberships $8,000.00 $0.00 $8,000.00 E 150 - 46500434 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 $1,076.02 $4,996.78 FUND 150 Economic Development $63,540.00 $3,099.38 $35,922.94 FUND 156 TIF 1-4 St. Joe Development E 15646500 -101 Salaries $0.00 $0.00 $124.38 E 156 -46500 -121 PERA Contributions $0.00 $0.00 $8.70 E 15646500 -122 FICA Contributions $0.00 $0.00 $7.21 E 15646500 -123 Deferred Comp - Employer $0.00 $0.00 $2.37 E 156 -46500 -125 Medicare Contributions $0.00 $0.00 $1.68 E 15646500 -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 15646500 -134 Disabilty Insurance $0.00 $0.00 $1.03 E 15646500 -136 Fringe Benefits - Employee $0.00 $0.00 $0.00 E 156 -46500 -300 Professional Services $0.00 $0.00 $60.00 E 15646500 -340 Advertising $0.00 $0.00 $27.44 E 15646500 -622 Tax Increment Payments $0.00 $0.00 _ $30,711.12 FUND 156 TIF 1-4 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 15746500 -121 PERA Contributions $0.00 $0.00 $6.39 E 157 -46500 -122 FICA Contributions $0.00 $0.00 $5.32 E 157 - 46500 -123 Deferred Comp - Employer $0.00 $0.00 $1.75 E 15746500 -125 Medicare Contributions $0.00 $0.00 $1.25 E 157 -46500 -130 Health Ins - Deductible $0.00 $0.00 $2.21 E 15746500 -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 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 15746500 -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 $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 $0.00 FUND 157 TIF 2 -1 Millstream $0.00 $0.00 $12,867.52 FUND 250 Revolving Loan Fund E 25046500 -300 Professional Services $0.00 $0.00 $0.00 E 25046500 -304 Legal Fees .0 o $0.00 $0.00 Page 25 f 27 ft CITY OF ST JOSEPH 11/04/10 11:47 AM -11,19 1 Page 2 EDA Expenditure Report Current Period: October 2010 $63,540.00 $3,099.38 $79,756.14 Page 26 of 27 2010 October 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 $3,099.38 $79,756.14 Page 26 of 27 r' CITY OF ST JOSEPH EDA Revenue Report Current Period: October 2010 11/04110 11:46 AM Page 1 FUND 156 TIF 1-4 St. Joe Development TIF 14 St. Joe Development 31050 Tax Increment 2010 October 2010 FUND Descr SOURCE SOURCE Descr YTD Budget 2010 Amt YTD Amt FUND 150 Economic Development $0.00 $51.70 $34,695.04 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 $33.71 $23.42 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 $33.71 $51,160.21 FUND 156 TIF 1-4 St. Joe Development TIF 14 St. Joe Development 31050 Tax Increment $0.00 $0.00 $34,190.13 TIF 14 St. Joe Development 36210 Interest Earnings $0.00 $51.70 $504.91 FUND 156 TIF 1-4 St. Joe Development $0.00 $51.70 $34,695.04 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 $2.39 Ty $30.07 FUND 157 TIF 2 -1 Millstream $0.00 $2.39 $14,162.39 FUND 250 Revolving Loan Fund Revolving Loan Fund 36210 Interest Earnings $0.00 $45.05 $345.11 Revolving Loan Fund 39320 Revolving Loan Principal $0.00 $276.14 $2,730.57 Revolving Loan Fund 39321 Revolving Loan Interest $0.00 $53.86 $569.43 Revolving Loan Fund 39322 Revolving Loan Origination $0.00 $0.00 $0.00 FUND 250 Revolving Loan Fund $0.00 $375.05 $3,645.11 $42,510.00 $462.85 $103,662.75 Page 27 of 27