HomeMy WebLinkAbout[04] Accounts Payable & Financial ReportDATE: January 19, 2011
MEMO TO: St. Joseph Economic Development Authority
FROM: Cynthia Smith-Strack, Municipal Development Group
RE: Accounts Payable – January 2011
December Financial Reports
A. Accounts Payable:
Following are Accounts Payable for the EDA’s Consideration.
Payable To For Fund Amount
MDG, Inc. Dec. Econ. Dev. Service 150-46500-300 $ 2,807.75
SCAEDP 2011 Dues 150-46500-300 $ 8,000.00
Total $ 10,807.75
Action:
A MOTION is in order to approve the Accounts Payable.
B. Financial Report:
December financial reports are attached. The reports consist of:
1. Monthly Report.
2. Balance Sheet.
3. EDA revenue to date.
4. EDA expenditures to date.
Action:
A MOTION is in order to approve the financial reports.
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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
STJ10ED
Project December EconomicDevelopment Services
See attached detail
Amount:
$2,200.00 Monthly contract fee
$ 807.75 1215.5 miles x .50
$2,807.75
Code to: 150-46500-300 for general EDA
Remit To
: Municipal Development Group, Inc.
25562 Willow Lane
New Prague, MN 56071
Hours
Dates-EDA
8.00 Hours
December 1, 2010 EDA Office Hours: C. Strack
8.00 Hours
December 8, 2010 EDA Office Hours: C. Strack
5.50 Hours
December 9, 2010 EDA Office Hours: C Strack
3.75 Hours
December 11, 2010 EDA Hours: C Strack
7.50 Hours
December 12, 2010 EDA Hours: C Strack
3.00 Hours
December 13, 2010 EDA Office Hours: C Strack
8.00 Hours
December 15, 2010: EDA Office Hours: C Strack
6.50 Hours
December 22, 2010 EDA Office Hours: C. Strack
5.50 Hours
December 29, 2010 EDA Office Hours: C. Strack
55.75 Hours
Total December, 2010
Total Contract Hours Through December 31, 2010: 439.75 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
December 2010
Fund 150, EDA Balance as of December 31, 200(audited)
9
3,627.31
Year to Date Revenue:
Interest Earnings 84.77
Transfers from the City's General Fund 51,136.79
Total Revenue 51,221.56
Year to Date Expenditure Total by Project:
Market Developmen2,806.62
t
**
Business Developmen26,596.73
t
**
Organizational Developmen5,567.89
t
**
Infrastructure Developmen200.15
t
**
Workforce Developmen-
t
**
35,171.39
Year to Date Expenditures by Object:
Board Stipends (1,190.00)
Staff Salaries -
Workers Comp Premium (27.80)
Office Supplies (182.84)
Software Support (434.93)
Municipal Development Group (25,204.31)
Legal/Engineering Fees (2,028.50)
Telephone (729.07)
Postage (255.60)
Business Luncheon (304.97)
Advertising (108.29)
Recording Fee -
Rentals (Postage Machine) (15.00)
St. Cloud EDA Membership Dues (8,000.00)
EDA Programs (7,526.34)
Total Expenses (46,007.65)
Fund Summaries as of December 31, 2010:
EDA Fund Balance - Fund 150 - unaudited
8,841.22
9,126.79
Designated for Capital Programs
(285.57)
Undesignated
TIF 1-4 St. Joseph Development Fund Balance -Fund 156
41,593.09
TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 157
3,547.77
Revolving Loan Fund Balance - Fund 250
34,565.78
** Detail available upon request
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01/19/11 9:27 AM
CITY OF ST JOSEPH
Page 1
EDA Expenditure Report
Current Period: December 2010
2010December2010
Account DescrYTD Budget2010 AmtYTD Amt
FUND 150 Economic Development
E 150-46500-103 Legislative Bodies$1,390.00$1,190.00$1,190.00
E 150-46500-151 Workers Comp. Insur. Prem.$150.00$0.00$27.80
E 150-46500-200 Office Supplies$500.00$39.88$182.84
E 150-46500-215 software support$0.00$0.00$434.93
E 150-46500-300 Professional Services$28,000.00$1,791.50$25,204.31
E 150-46500-303 Engineering Fee$2,000.00$1,778.75$2,028.50
E 150-46500-304 Legal Fees$1,000.00$0.00$0.00
E 150-46500-321 Telephone$1,200.00$64.91$729.07
E 150-46500-322 Postage$350.00$0.00$255.60
E 150-46500-331 Travel & Conference Expense$150.00$0.00$304.97
E 150-46500-340 Advertising$500.00$80.85$108.29
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$2,153.75$7,526.34
FUND 150 Economic Development
$63,540.00$7,099.64$46,007.65
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$30,771.14$61,482.26
FUND 156 TIF 1-4 St. Joe Development$0.00$30,771.14$61,736.82
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$15,982.21$28,701.30
E 157-49300-720 Transfers to Other Funds$0.00$0.00$0.00
FUND 157 TIF 2-1 Millstream$0.00$15,982.21$28,849.73
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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01/19/11 9:27 AM
CITY OF ST JOSEPH
Page 2
EDA Expenditure Report
Current Period: December 2010
2010December2010
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$53,852.99$136,594.20
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01/19/11 9:27 AM
CITY OF ST JOSEPH
Page 1
EDA Revenue Report
Current Period: December 2010
2010December2010
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$31.67$84.77
Economic Development39201Transfers from Other Funds$42,010.00$0.00$51,136.79
FUND 150 Economic Development$42,510.00$31.67$51,221.56
FUND 156 TIF 1-4 St. Joe Development
TIF 1-4 St. Joe Development31050Tax Increment$0.00$34,190.16$68,380.29
TIF 1-4 St. Joe Development36210Interest Earnings$0.00$63.76$620.19
FUND 156 TIF 1-4 St. Joe Development$0.00$34,253.92$69,000.48
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream31050Tax Increment$0.00$17,758.01$31,890.33
TIF 2-1 Millstream34150TIF/MIF Deposit$0.00$0.00$0.00
TIF 2-1 Millstream36210Interest Earnings$0.00$2.96$35.42
FUND 157 TIF 2-1 Millstream$0.00$17,760.97$31,925.75
FUND 250 Revolving Loan Fund
Revolving Loan Fund36210Interest Earnings$0.00$56.62$447.06
Revolving Loan Fund39320Revolving Loan Principal$0.00$277.52$3,284.92
Revolving Loan Fund39321Revolving Loan Interest$0.00$52.48$675.08
Revolving Loan Fund39322Revolving Loan Origination $0.00$0.00$0.00
FUND 250 Revolving Loan Fund$0.00$386.62$4,407.06
$42,510.00$52,433.18$156,554.85
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