HomeMy WebLinkAbout[05] Accounts Payable & Financial ReportDATE: Decembber 8, 2010
MEMO TO:: St. Joseeph Econommic Developmment Authoritty
FROM: Cynthiaa Smith-Stracck, Municipaal Developmeent Group
RE: Accounnts Payable –– December
Novembber Financiaal Reports
A. Accounts Payable::
Following aare Accounts Payable for thhe EDA’s Connsideration.
Payable TooFor FundAmounnt
MDG, Inc. Nov. Econ. DDev. Service 150-46500--300 $ 2,5144.00
Total $ 2,5144.00
Action:
A MOTION is in order too approve the Accounts Paayable.
aal Report:
B. Financi
November ffinancial repoorts are attachhed for your cconsideration..
The reportss consist of:
1.Monthly Repport.
2.Balance Sheeet.
EDA revenuue to date.
3.
4.EDA expendditures to datee.
5.CIP Summaary
A MOTION is in order too approve the Financial Reeports.
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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 12-10-10
: 30 days
STJ10EDA
Project Sept EconomicDevelopment 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-EDAHours
Nov. 3, 2010 EDA Office Hours: C. Strack 8.00 Hours
Nov. 10, 2010 EDA Office Hours: C. Strack 8.00 Hours
Nov. 15, 2010 EDA Work at MDG Office: C. Strack 3.50 Hours
Nov.170, 2010 EDA Office Hours: C. Strack 9.50 Hours
Nov. 24, 2010 EDA Office Hours: C. Strack8.00 Hours
Total Nov., 201037.00 Hours
Total Contract Hours Nov. 30, 2010: 384 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
November 2010
Fund 150, EDA Balance as of December 31, 200(audited)
9
3,627.31
Year to Date Revenue:
Interest Earnings53.10
Transfers from the City's General Fund51,136.79
Total Revenue51,189.89
Year to Date Expenditure Total by Project:
Market Developmen2,320.13
t
**
Business Developmen21,619.19
t
**
Organizational Developmen5,307.92
t
**
Infrastructure Developmen200.15
t
**
Workforce Developmen-
t
**
29,447.39
Year to Date Expenditures by Object:
Board Stipends-
Staff Salaries-
Workers Comp Premium(27.80)
Office Supplies(142.96)
Software Support(434.93)
Municipal Development Group(23,412.81)
Legal/Engineering Fees(249.75)
Telephone(664.16)
Postage(255.60)
Business Luncheon(304.97)
Advertising(27.44)
Recording Fee-
Rentals (Postage Machine)(15.00)
St. Cloud EDA Membership Dues(8,000.00)
EDA Programs(5,372.59)
Total Expenses(38,908.01)
Fund Summaries as of September 30, 2010:
EDA Fund Balance - Fund 150 - unaudited
15,909.19
9,126.79
Designated for Capital Programs
6,782.40
Undesignated
TIF 1-4 St. Joseph Development Fund Balance -Fund 156
38,110.31
TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 157
1,769.01
Revolving Loan Fund Balance - Fund 250
34,179.16
** Detail available upon request
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12/07/10 2:35 PM
CITY OF ST JOSEPH
Page 1
EDA Expenditure Report
Current Period: November 2010
2010November2010
Account DescrYTD Budget2010 AmtYTD Amt
FUND 150 Economic Development
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$142.96
E 150-46500-215 software support$0.00$0.00$434.93
E 150-46500-300 Professional Services$28,000.00$2,198.19$23,412.81
E 150-46500-303 Engineering Fee$2,000.00$249.75$249.75
E 150-46500-304 Legal Fees$1,000.00$0.00$0.00
E 150-46500-321 Telephone$1,200.00$65.82$664.16
E 150-46500-322 Postage$350.00$0.00$255.60
E 150-46500-331 Travel & Conference Expense$150.00$95.50$304.97
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$375.81$5,372.59
FUND 150 Economic Development
$63,540.00$2,985.07$38,908.01
FUND 156 TIF 1-4 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 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 157-46500-121 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 157-46500-125 Medicare Contributions$0.00$0.00$1.25
E 157-46500-130 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 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$27.44
E 157-46500-622 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 250-46500-300 Professional Services$0.00$0.00$0.00
E 250-46500-304 Legal Fees$0.00$0.00$0.00
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12/07/10 2:35 PM
CITY OF ST JOSEPH
Page 2
EDA Expenditure Report
Current Period: November 2010
2010November2010
Account DescrYTD Budget2010 AmtYTD 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$2,985.07$82,741.21
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12/07/10 2:36 PM
CITY OF ST JOSEPH
Page 1
EDA Revenue Report
Current Period: November 2010
2010November2010
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$29.68$53.10
Economic Development39201Transfers from Other Funds$42,010.00$0.00$51,136.79
FUND 150 Economic Development$42,510.00$29.68$51,189.89
FUND 156 TIF 1-4 St. Joe Development
TIF 1-4 St. Joe Development31050Tax Increment$0.00$0.00$34,190.13
TIF 1-4 St. Joe Development36210Interest Earnings$0.00$51.52$556.43
FUND 156 TIF 1-4 St. Joe Development$0.00$51.52$34,746.56
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream31050Tax Increment$0.00$0.00$14,132.32
TIF 2-1 Millstream34150TIF/MIF Deposit$0.00$0.00$0.00
TIF 2-1 Millstream36210Interest Earnings$0.00$2.39$32.46
FUND 157 TIF 2-1 Millstream$0.00$2.39$14,164.78
FUND 250 Revolving Loan Fund
Revolving Loan Fund36210Interest Earnings$0.00$45.33$390.44
Revolving Loan Fund39320Revolving Loan Principal$0.00$276.83$3,007.40
Revolving Loan Fund39321Revolving Loan Interest$0.00$53.17$622.60
Revolving Loan Fund39322Revolving Loan Origination $0.00$0.00$0.00
FUND 250 Revolving Loan Fund$0.00$375.33$4,020.44
$42,510.00$458.92$104,121.67
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