HomeMy WebLinkAbout[04] Accounts Payable & Financial ReportDATE: May 18,, 2011
MEMO TO St. Josph Econoic Developent Authoriy
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FROM: Cynthiaa Smith-Stracck, Municipaal Developmeent Group
RE: Accounnts Payable –– May
April Financial Repoorts
nts Payable
A. Accou::
Following aare Accounts Payable for thhe EDA’s Connsideration.
Payable TFor FundAmout
oonn
MDG, Inc. Apr. Econ. DDev. Service 150-46500-3300 $ 2,6766.85
Total $ 2,6766.85
Action:
A MOTION is in order too approve the Accounts Paayable.
B. Financil Report:
aa
April financcial reports aree attached forr your consideeration.
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.
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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
Invoice Date 5-10-11Payment TermsCustomer ID #:
: 30 days
STJ10EDA
Project Apr. EconomicDevelopment Services
See attached detail
Amount:
$2,200.00 Monthly contract fee
$ 476.85
935 miles x .51
$2,676.85
Code to: 150-46500-300 for general EDA
Remit To
: Municipal Development Group, Inc.
25562 Willow Lane
New Prague, MN 56071
Dates-EDAHours
Apr. 6, 2011 EDA Office Hours: C. Strack 8.00 Hours
Apr. 13, 2011 EDA Office Hours: C. Strack 8.00 Hours
Apr.20, 2011 EDA Office Hours: C. Strack 8.00 Hours
Apr. 21, 2011 City Council Meeting: C. Strack 1.00 Hours
Apr. 27, 2011 EDA Office Hours: C. Strack 8.00 Hours
Apr. 29, 2011 Develop. Agreements, in MDG office: C. Strack2.50 Hours
Total Apr. 201135.50 Hours
Total Contract Hours Apr. 30, 2011: 153 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
April 2011
Fund 150, EDA Balance as of December 31, 2010(Audited)
5,162.57
ear to Date Revenue:
Y
Interest Earnings4.40
Transfers from the City's General Fund28,000.00
Total Revenue28,004.40
ear to Date Expenditure Total by Project:
Y
Market Development1,205.81
**
Business Development7,388.98
**
Organizational Development1,390.83
**
Infrastructure Development305.14
**
Workforce Development-
**
10,290.76
ear to Date Expenditures by Object:
Y
Board Stipends-
Staff Salaries-
Workers Comp Premium0.52
Office Supplies(21.32)
Software Support(529.52)
Municipal Development Group(3,958.66)
Legal/Engineering Fees(652.24)
Telephone(253.20)
Postage-
Business Luncheon-
Advertising-
Recording Fee-
Rentals (Postage Machine)-
St. Cloud EDA Membership Dues-
EDA Programs(5,679.86)
Total Expenses(11,094.28)
Fund Summaries as of April 30, 2011:
EDA Fund Balance - Fund 150
- (Unaudited)
22,072.69
20,163.71
Designated for Capital Programs
1,908.98
Undesignated
TIF 1-4 St. Joseph Development Fund Balance -Fund 156
41,793.20
TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 157
4,043.04
TIF 2-2 St. Joseph Meat Market Fund Balance - Fund 158
(165.00)
Revolving Loan Fund Balance - Fund 250
36,109.75
** Detail available upon request
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05/18/11 8:56 AM
CITY OF ST JOSEPH
Page 1
EDA Balance Sheet
Current Period: April 2011
YTDYTDCurrent
FUND DescrAccount DescrBegin YrDebitCreditBalance
FUND 150 Economic Develo
pment
Economic DevelopmentG 150-10100 Cash$8,841.22$28,038.91$14,807.44$22,072.69
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-$5,162.57$0.00$0.00-$5,162.57
Economic DevelopmentG 150-25310 Appropriated Fund Balance$0.00$14,838.71$31,748.83-$16,910.12
FUND 150 Economic Development$0.00$46,587.54$46,587.54$0.00
FUND 156 TIF 1-4 St. Joe Development
TIF 1-4 St. Joe DevelopG 156-10100 Cash$41,593.09$275.94$75.83$41,793.20
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$181.50$275.94-$41,793.20
FUND 156 TIF 1-4 St. Joe Development$0.00$457.44$457.44$0.00
FUND 157 TIF 2-1 Millstream
TIF 2-1 MillstreamG 157-10100 Cash$4,020.96$22.80$0.72$4,043.04
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-$4,025.78$5.54$22.80-$4,043.04
FUND 157 TIF 2-1 Millstream
$0.00$28.34$28.34$0.00
FUND 158 TIF 2-2 Meat Market
TIF 2-2 Meat MarketG 158-10100 Cash$0.00$0.00$165.00-$165.00
TIF 2-2 Meat MarketG 158-25310 Appropriated Fund Balance$0.00$165.00$0.00$165.00
FUND 158 TIF 2-2 Meat Market$0.00$165.00$165.00$0.00
FUND 250 Revolvin
g Loan Fund
Revolving Loan FundG 250-10100 Cash$34,565.78$1,552.34$8.37$36,109.75
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$1,552.34-$36,109.75
FUND 250 Revolvin Loan Fund$0.00$22,365.30$22,365.30$0.00
g
$0.00$69,603.62$69,603.62$0.00
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05/18/11 8:57 AM
CITY OF ST JOSEPH
Page 1
EDA Expenditure Report
Current Period: April 2011
2011April2011
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$0.00$21.32
E 150-46500-215 software support$450.00$0.00$529.52
E 150-46500-300 Professional Services$28,000.00$960.99$3,958.66
E 150-46500-303 Engineering Fee$2,000.00$556.24$652.24
E 150-46500-304 Legal Fees$1,000.00$0.00$0.00
E 150-46500-321 Telephone$1,200.00$63.41$253.20
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$3,428.36$5,679.86
FUND 150 Economic Development
$83,990.00$5,009.00$11,094.28
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$66.00$66.00
E 156-46500-622 Tax Increment Payments$0.00$0.00$0.00
$0.00$66.00$66.00
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 158 TIF 2-2 Meat Market
E 158-46500-300 Professional Services$0.00$0.00$0.00
E 158-46500-340 Advertising$0.00$165.00$165.00
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05/18/11 8:57 AM
CITY OF ST JOSEPH
Page 2
EDA Expenditure Report
Current Period: April 2011
2011April2011
Account DescrYTD Budget2011 AmtYTD Amt
E 158-46500-622 Tax Increment Paments$0.00$0.00$0.00
y
$0.00$165.00$165.00
FUND 158 TIF 2-2 Meat Market
FUND 250 Revolving Loan Fund
E 250-46500-300 Professional Services$0.00$0.00$0.00
E 250-46500-304 Le
gal Fees$0.00$0.00$0.00
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 Revolvin Loan Fund$0.00$0.00$0.00
g
$83,990.00$5,240.00$11,325.28
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05/18/11 8:58 AM
CITY OF ST JOSEPH
Page 1
EDA Revenue Report
Current Period: April 2011
2011April2011
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$2.98$4.40
Economic Development39201Transfers from Other Funds$83,840.00$28,000.00$28,000.00
FUND 150 Economic Development$83,990.00$28,002.98$28,004.40
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$69.06$160.44
FUND 156 TIF 1-4 St. Joe Development$0.00$69.06$160.44
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream31050Tax Increment$0.00$0.00$0.00
TIF 2-1 Millstream33404Market Value Credit$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$6.00$17.26
FUND 157 TIF 2-1 Millstream
$0.00$6.00$17.26
FUND 250 Revolving Loan Fund
Revolvin
g Loan Fund36210Interest Earnings$0.00$58.48$134.46
Revolving Loan Fund39320Revolving Loan Principal$0.00$280.30$1,117.72
Revolving Loan Fund39321Revolving Loan Interest$0.00$49.70$202.28
Revolving Loan Fund39322Revolving Loan Origination $0.00$0.00$0.00
FUND 250 Revolving Loan Fund$0.00$388.48$1,454.46
$83,990.00$28,466.52$29,636.56
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