HomeMy WebLinkAbout[04] Accounts Payable & Financial ReportDATE: Februarry 16, 2011
MEMO TO:: St. Joseeph Econommic Developmment Authoritty
FROM: Cynthiaa Smith-Stracck, Municipaal Developmeent Group
RE: Accounnts Payable –– February
Januaryy Financial RReports
A. Accounts Payable::
Following aare Accounts Payable for thhe EDA’s Connsideration.
Payable TooFor FundAmounnt
MDG, Inc. Jan. Econ. DDev. Service 150-46500-3300 $ 2,5144.00
Total $ 2,5144.00
Action:
A MOTION is in order too approve the Accounts Paayable.
B. Financiaal Report:
January financial reportss are attachedd for your connsideration.
The reportss consist of:
1.Monthly Repport.
2.Balance Sheeet.
3.EDA revenuue to date.
4.EDA expendditures to datee.
5.CIP Summaary
A MOTION is in order too approve the Financial Reeports.
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 2-10-11
: 30 days
STJ10EDA
Project Jan. 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
Jan. 5, 2011 EDA Office Hours: C. Strack 9.25 Hours
Jan. 12, 2011 EDA Office Hours: C. Strack 8.00 Hours
Jan.19, 2011 EDA Office Hours: C. Strack 9.50 Hours
Jan. 26, 2011 EDA Office Hours: C. Strack10.25 Hours
Total Jan. 201137.00 Hours
Total Contract Hours Jan. 31, 2011: 37 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
January 2011
Fund 150, EDA Balance as of December 31, 201(unaudited)
0
8,872.49
Year to Date Revenue:
Interest Earnings9.92
Transfers from the City's General Fund-
Total Revenue9.92
Year to Date Expenditure Total by Project:
Market Developmen400.45
t
**
Business Developmen2,982.82
t
**
Organizational Developmen322.66
t
**
Infrastructure Developmen-
t
**
Workforce Developmen-
t
**
3,705.93
Year to Date Expenditures by Object:
Board Stipends-
Staff Salaries-
Workers Comp Premium0.52
Office Supplies-
Software Support(529.52)
Municipal Development Group(2,454.55)
Legal/Engineering Fees(825.00)
Telephone(64.18)
Postage-
Business Luncheon-
Advertising-
Recording Fee-
Rentals (Postage Machine)-
St. Cloud EDA Membership Dues-
EDA Programs(426.38)
Total Expenses(4,299.11)
Fund Summaries as of December 31, 2010:
EDA Fund Balance - Fund 150 - unaudited
4,583.30
9,126.79
Designated for Capital Programs
(4,543.49)
Undesignated
TIF 1-4 St. Joseph Development Fund Balance -Fund 156
41,734.58
TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 157
3,555.21
Revolving Loan Fund Balance - Fund 250
35,015.80
** Detail available upon request
02/07/11 4:05 PM
CITY OF ST JOSEPH
Page 1
EDA Expenditure Report
Current Period: January 2011
2011January2011
Account DescrYTD Budget2011 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-$0.52-$0.52
E 150-46500-200 Office Supplies$500.00$0.00$0.00
E 150-46500-215 software support$450.00$529.52$529.52
E 150-46500-300 Professional Services$28,000.00$2,454.55$2,454.55
E 150-46500-303 Engineering Fee$2,000.00$825.00$825.00
E 150-46500-304 Legal Fees$1,000.00$0.00$0.00
E 150-46500-321 Telephone$1,200.00$64.18$64.18
E 150-46500-322 Postage$350.00$0.00$0.00
E 150-46500-331 Travel & Conference Expense$150.00$0.00$0.00
E 150-46500-340 Advertising$500.00$0.00$0.00
E 150-46500-410 Rentals$0.00$0.00$0.00
E 150-46500-433 Dues & Memberships$8,000.00$0.00$0.00
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$40,000.00$426.38$426.38
FUND 150 Economic Development$83,990.00$4,299.11$4,299.11
FUND 156 TIF 1-4 St. Joe Development
E 156-46500-101 Salaries$0.00$0.00$0.00
E 156-46500-121 PERA Contributions$0.00$0.00$0.00
E 156-46500-122 FICA Contributions$0.00$0.00$0.00
E 156-46500-123 Deferred Comp-Employer$0.00$0.00$0.00
E 156-46500-125 Medicare Contributions$0.00$0.00$0.00
E 156-46500-130 Health Ins-Deductible$0.00$0.00$0.00
E 156-46500-131 Health Insurance$0.00$0.00$0.00
E 156-46500-133 Life Insurance$0.00$0.00$0.00
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$0.00$0.00
FUND 157 TIF 2-1 Millstream
E 157-46500-101 Salaries$0.00$0.00$0.00
E 157-46500-121 PERA Contributions$0.00$0.00$0.00
E 157-46500-122 FICA Contributions$0.00$0.00$0.00
E 157-46500-123 Deferred Comp-Employer$0.00$0.00$0.00
E 157-46500-125 Medicare Contributions$0.00$0.00$0.00
E 157-46500-130 Health Ins-Deductible$0.00$0.00$0.00
E 157-46500-131 Health Insurance$0.00$0.00$0.00
E 157-46500-133 Life Insurance$0.00$0.00$0.00
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
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$0.00$0.00
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
02/07/11 4:05 PM
CITY OF ST JOSEPH
Page 2
EDA Expenditure Report
Current Period: January 2011
2011January2011
Account DescrYTD Budget2011 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
$83,990.00$4,299.11$4,299.11
02/07/11 4:05 PM
CITY OF ST JOSEPH
Page 1
EDA Revenue Report
Current Period: January 2011
2011January2011
FUND DescrSOURCESOURCE DescrYTD Budget2011 AmtYTD Amt
FUND 150 Economic Development
Economic Development34150TIF/MIF Deposit$0.00$0.00$0.00
Economic Development36210Interest Earnings$150.00$9.92$9.92
Economic Development39201Transfers from Other Funds$83,840.00$0.00$0.00
FUND 150 Economic Development$83,990.00$9.92$9.92
FUND 156 TIF 1-4 St. Joe Development
TIF 1-4 St. Joe Development31050Tax Increment$0.00$0.00$0.00
TIF 1-4 St. Joe Development36210Interest Earnings$0.00$35.82$35.82
FUND 156 TIF 1-4 St. Joe Development$0.00$35.82$35.82
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream31050Tax Increment$0.00$0.00$0.00
TIF 2-1 Millstream34150TIF/MIF Deposit$0.00$0.00$0.00
TIF 2-1 Millstream36210Interest Earnings$0.00$2.62$2.62
FUND 157 TIF 2-1 Millstream$0.00$2.62$2.62
FUND 250 Revolving Loan Fund
Revolving Loan Fund36210Interest Earnings$0.00$30.51$30.51
Revolving Loan Fund39320Revolving Loan Principal$0.00$278.21$278.21
Revolving Loan Fund39321Revolving Loan Interest$0.00$51.79$51.79
Revolving Loan Fund39322Revolving Loan Origination $0.00$0.00$0.00
FUND 250 Revolving Loan Fund$0.00$360.51$360.51
$83,990.00$408.87$408.87