HomeMy WebLinkAbout[05] Accounts Payable & Financial ReportDATE: March223, 2011
MEMO TO St. Josph Econoic Developent Authoriy
::eemmmmtt
FROM: Cynthiaa Smith-Stracck, Municipaal Developmeent Group
RE: Accounnts Payable –– March
Februarry Financial Reports
A. Accounts Payable::
Following aare Accounts Payable for thhe EDA’s Connsideration.
Payable TFor FundAmout
oonn
MDG, Inc. Feb. Econ. DDev. Service 150-46500--300 $ 2,6299.17
Total $ 2,6299.17
Action:
A MOTION is in order too approve the Accounts Paayable.
B. Financil Report:
aa
February finnancial reportts are attacheed for your coonsideration.
The reportss consist of:
Monthly Re
1.pport.
2.Balance Sheeet.
3.EDA revenuue to date.
4.EDA expendditures to datee.
5.CIP Summaary
Financial R
A MOTION is in order too approve the eeports.
п¹» ìê ±º ëê
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
Invoice Date 3-10-11Payment TermsCustomer ID #:
: 30 days
STJ10EDA
Project Feb. EconomicDevelopment Services
See attached detail
Amount:
$2,200.00 Monthly contract fee
$ 429.17
841.5 miles x .51
$2,629.17
Code to: 150-46500-300 for general EDA
Remit To
: Municipal Development Group, Inc.
25562 Willow Lane
New Prague, MN 56071
Dates-EDAHours
Feb. 2, 2011 EDA Office Hours: C. Strack 9.00 Hours
Feb. 9, 2011 EDA Office Hours: C. Strack 8.50 Hours
Feb.14, 2011 Minutes: C. Strack 3.50 Hours
Feb. 16, 2011 EDA Office Hours: C. Strack 7.50 Hours
Feb. 17, 2011 City Council Meeting 1.50 Hours
Feb. 23, 2011 EDA Office Hours: C. Strack8.00 Hours
Total Feb. 201138.00 Hours
Total Contract Hours Feb. 28, 2011: 75 Hours
Thank you! We appreciated the opportunity to work with you!
_________________________________
Check No
.__________________
Principal
Date
: ______________________
п¹» ìé ±º ëê
St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
February 2011
Fund 150, EDA Balance as of December 31, 201(unaudited)
0
5,162.57
Year to Date Revenue:
Interest Earnings11.28
Transfers from the City's General Fund-
Total Revenue11.28
Year to Date Expenditure Total by Project:
Market Developmen283.14
t
**
Business Developmen1,776.49
t
**
Organizational Developmen463.32
t
**
Infrastructure Developmen193.05
t
**
Workforce Developmen-
t
**
2,716.00
Year to Date Expenditures by Object:
Board Stipends-
Staff Salaries-
Workers Comp Premium0.52
Office Supplies(21.32)
Software Support(529.52)
Municipal Development Group(1,943.37)
Legal/Engineering Fees(96.00)
Telephone(124.50)
Postage-
Business Luncheon-
Advertising-
Recording Fee-
Rentals (Postage Machine)-
St. Cloud EDA Membership Dues-
EDA Programs(676.63)
Total Expenses(3,390.82)
Fund Summaries as of December 31, 2010:
EDA Fund Balance - Fund 150 - unaudited
1,783.03
19,131.64
Designated for Capital Programs
(17,348.61)
Undesignated
TIF 1-4 St. Joseph Development Fund Balance -Fund 156
41,685.47
TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 157
3,417.34
Revolving Loan Fund Balance - Fund 250
35,303.45
** Detail available upon request
п¹» ìè ±º ëê
03/23/11 9:08 AM
CITY OF ST JOSEPH
Page 1
EDA Balance Sheet
Current Period: February 2011
YTDYTDCurrent
FUND DescrAccount DescrBegin YrDebitCreditBalance
FUND 150 Economic Develo
pment
Economic DevelopmentG 150-10100 Cash$8,841.22$23.23$7,103.98$1,760.47
Economic DevelopmentG 150-10450 Interest Receivable on Invest.$31.27$0.00$31.27$0.00
Economic DevelopmentG 150-20200 Accounts Payable-$3,709.92$3,709.92$0.00$0.00
Economic DevelopmentG 150-24415 Desi
gn. Fd Bal - Capital Proj-$19,131.64$0.00$0.00-$19,131.64
Economic DevelopmentG 150-25310 Appropriated Fund Balance$13,969.07$7,135.25$3,733.15$17,371.17
FUND 150 Economic Development$0.00$10,868.40$10,868.40$0.00
FUND 156 TIF 1-4 St. Joe Development
TIF 1-4 St. Joe DevelopG 156-10100 Cash$41,593.09$102.21$9.83$41,685.47
TIF 1-4 St. Joe DevelopG 156-10450 Interest Receivable on Invest.$105.67$0.00$105.67$0.00
TIF 1-4 St. Joe DevelopG 156-25310 Appropriated Fund Balance-$41,698.76$115.50$102.21-$41,685.47
FUND 156 TIF 1-4 St. Joe Development$0.00$217.71$217.71$0.00
FUND 157 TIF 2-1 Millstream
TIF 2-1 MillstreamG 157-10100 Cash$3,409.96$8.10$0.72$3,417.34
TIF 2-1 MillstreamG 157-10450 Interest Receivable on Invest.$4.82$0.00$4.82$0.00
TIF 2-1 MillstreamG 157-20200 Accounts Payable$0.00$0.00$0.00$0.00
TIF 2-1 MillstreamG 157-25310 Appropriated Fund Balance-$3,414.78$5.54$8.10-$3,417.34
FUND 157 TIF 2-1 Millstream
$0.00$13.64$13.64$0.00
FUND 250 Revolving Loan Fund
Revolving Loan FundG 250-10100 Cash$34,565.78$746.04$8.37$35,303.45
Revolving Loan FundG 250-10450 Interest Receivable on Invest.$89.51$0.00$89.51$0.00
Revolvin
g Loan FundG 250-11900 Notes Receivable$20,715.08$0.00$20,715.08$0.00
Revolving Loan FundG 250-20200 Accounts Payable$0.00$0.00$0.00$0.00
Revolving Loan FundG 250-22204 Deferred Revenue-$20,715.08$20,715.08$0.00$0.00
Revolving Loan FundG 250-25310 Appropriated Fund Balance-$34,655.29$97.88$746.04-$35,303.45
FUND 250 Revolving Loan Fund$0.00$21,559.00$21,559.00$0.00
$0.00$32,658.75$32,658.75$0.00
п¹» ìç ±º ëê
03/23/11 9:10 AM
CITY OF ST JOSEPH
Page 1
EDA Expenditure Report
Current Period: February 2011
2011February2011
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$0.00-$0.52
E 150-46500-200 Office Supplies$500.00$21.32$21.32
E 150-46500-215 software support$450.00$0.00$529.52
E 150-46500-300 Professional Services$28,000.00$1,943.37$1,943.37
E 150-46500-303 Engineering Fee$2,000.00$96.00$96.00
E 150-46500-304 Legal Fees$1,000.00$0.00$0.00
E 150-46500-321 Telephone$1,200.00$64.31$124.50
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$676.63$676.63
FUND 150 Economic Development
$83,990.00$2,801.63$3,390.82
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 Frin
ge 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
$0.00$0.00$0.00
FUND 156 TIF 1-4 St. Joe Development
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
er$0.00$0.00$0.00
E 157-46500-123 Deferred Comp-Employ
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 Frine Benefits-Emploee$0.00$0.00$0.00
gy
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 Paments$0.00$0.00$0.00
y
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
п¹» ë𠱺 ëê
03/23/11 9:10 AM
CITY OF ST JOSEPH
Page 2
EDA Expenditure Report
Current Period: February 2011
2011February2011
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$2,801.63$3,390.82
п¹» ëï ±º ëê
03/23/11 9:13 AM
CITY OF ST JOSEPH
Page 1
EDA Revenue Report
Current Period: February 2011
2011February2011
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$10.07-$11.28
Economic Development39201Transfers from Other Funds$83,840.00$0.00$0.00
FUND 150 Economic Development$83,990.00$10.07-$11.28
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$56.56-$13.29
FUND 156 TIF 1-4 St. Joe Development$0.00$56.56-$13.29
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$4.76$2.56
FUND 157 TIF 2-1 Millstream
$0.00$4.76$2.56
FUND 250 Revolving Loan Fund
Revolving Loan Fund36210Interest Earnings$0.00$47.16-$11.84
Revolvin
g Loan Fund39320Revolving Loan Principal$0.00$278.91$557.12
Revolving Loan Fund39321Revolving Loan Interest$0.00$51.09$102.88
Revolving Loan Fund39322Revolving Loan Origination $0.00$0.00$0.00
FUND 250 Revolving Loan Fund$0.00$377.16$648.16
$83,990.00$448.55$626.15
п¹» ëî ±º ëê