HomeMy WebLinkAbout[04] Accounts Payable & Financial ReportDATE: June 155, 2011
MEMO TO:: St. Joseeph Econommic Developmment Authoritty
FROM: Cynthiaa Smith-Stracck, Municipaal Developmeent Group
RE: Accounnts Payable –– June
May Finnancial Repoorts
A. Accounts Payable::
Following aare Accounts Payable for thhe EDA’s Connsideration.
Payable TooFor FundAmounnt
MDG, Inc. May. Econ. DDev. Service 150-46500--300 $ 2,591.48
Total $ 2,591.48
Action:
A MOTION is in order too approve the Accounts Paayable.
aal Report:
B. Financi
May financial reports aree attached forr your consideeration.
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.
п¹» í ±º íè
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 6-10-11
: 30 days
STJ10EDA
Project May EconomicDevelopment Services
See attached detail
Amount:
$2,200.00 Monthly contract fee
$ 381.48 748 miles x .51
$2,591.48
Code to: 150-46500-300 for general EDA
Remit To
: Municipal Development Group, Inc.
25562 Willow Lane
New Prague, MN 56071
Dates-EDAHours
May 2, 2011 In MDG Office: C. Strack 3.25 Hours
May 4, 2011 EDA Office Hours: C. Strack 8.00 Hours
May 11, 2011 EDA Office Hours: C. Strack 8.00 Hours
May 18, 2011 EDA Office Hours: C. Strack 8.00 Hours
May 20, 2011 EDA Office Hours: C. Strack 1.00 Hours
May 25, 2011 EDA Office Hours: C. Strack8.00 Hours
Total May 2011 36.25 Hours
Total Contract Hours May 31, 2011: 189.25 Hours
Thank you! We appreciated the opportunity to work with you!
_________________________________
Check No
.__________________
Principal
Date
: ______________________
п¹» ì ±º íè
St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
May 2011
Fund 150, EDA Balance as of December 31, 2010Audited
()
5,162.57
ear to Date Revenue:
Y
Interest Earnings25.50
Transfers from the City's General Fund28,000.00
Total Revenue28,025.50
Year to Date Expenditure Total by Project:
Market Development1,205.81
**
Business Development9,785.60
**
Organizational Development1,693.31
**
Infrastructure Development345.29
**
Workforce Development-
**
13,030.01
ear to Date Expenditures b Obect:
Yyj
Board Stipends-
Staff Salaries-
Workers Comp Premium0.52
Office Supplies(21.32)
Software Support(529.52)
Municipal Development Group(4,994.60)
Legal/Engineering Fees(714.64)
Telephone(316.12)
Postage-
Business Luncheon-
Advertising-
Recording Fee-
Rentals (Postage Machine)-
п¹» ë ±º íè
06/15/11 8:52 AM
CITY OF ST JOSEPH
Page 1
EDA Balance Sheet
Current Period: May 2011
YTDYTDCurrent
FUND DescrAccount DescrBegin YrDebitCreditBalance
FUND 150 Economic Development
Economic DevelopmentG 150-10100 Cash$8,841.22$28,060.01$17,609.61$19,291.62
Economic DevelopmentG 150-10450 Interest Receivable$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 Design. Fd Bal - Capital Proj-$5,162.57$0.00$0.00-$5,162.57
Economic DevelopmentG 150-25310 Appropriated Fund Balance$0.00$17,640.88$31,769.93-$14,129.05
FUND 150 Economic Development$0.00$49,410.81$49,410.81$0.00
FUND 156 TIF 1-4 St. Joe Development
TIF 1-4 St. Joe DevelopG 156-10100 Cash$41,593.09$392.18$75.83$41,909.44
TIF 1-4 St. Joe DevelopG 156-10450 Interest Receivable$105.67$0.00$105.67$0.00
TIF 1-4 St. Joe DevelopG 156-25310 Appropriated Fund Balance-$41,698.76$181.50$392.18-$41,909.44
FUND 156 TIF 1-4 St. Joe Development$0.00$573.68$573.68$0.00
FUND 157 TIF 2-1 Millstream
TIF 2-1 MillstreamG 157-10100 Cash$4,020.96$33.47$0.72$4,053.71
TIF 2-1 MillstreamG 157-10450 Interest Receivable$4.82$0.00$4.82$0.00
able$0.00$0.00$0.00$0.00
TIF 2-1 MillstreamG 157-20200 Accounts Pay
TIF 2-1 MillstreamG 157-25310 Appropriated Fund Balance-$4,025.78$5.54$33.47-$4,053.71
FUND 157 TIF 2-1 Millstream$0.00$39.01$39.01$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 Revolving Loan Fund
Revolving Loan FundG 250-10100 Cash$34,565.78$2,015.78$25,277.37$11,304.19
Revolving Loan FundG 250-10450 Interest Receivable$89.51$0.00$89.51$0.00
Revolving 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
Revolvin Loan FundG 250-22204 Deferred Revenue-$20,715.08$20,715.08$0.00$0.00
g
Revolving Loan FundG 250-25310 Appropriated Fund Balance-$34,655.29$25,366.88$2,015.78-$11,304.19
FUND 250 Revolving Loan Fund$0.00$48,097.74$48,097.74$0.00
$0.00$98,286.24$98,286.24$0.00
п¹» ê ±º íè
06/15/11 8:55 AM
CITY OF ST JOSEPH
Page 1
EDA Expenditure Report
Current Period: May 2011
2011May2011
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$1,035.94$4,994.60
E 150-46500-303 Engineering Fee$2,000.00$62.40$714.64
E 150-46500-304 Legal Fees$1,000.00$0.00$0.00
E 150-46500-321 Telephone$1,200.00$62.92$316.12
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$1,640.91$7,320.77
FUND 150 Economic Development
$83,990.00$2,802.17$13,896.45
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$66.00
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$66.00
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 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$0.00$165.00
п¹» é ±º íè
06/15/11 8:55 AM
CITY OF ST JOSEPH
Page 2
EDA Expenditure Report
Current Period: May 2011
2011May2011
Account DescrYTD Budget2011 AmtYTD Amt
E 158-46500-622 Tax Increment Payments$0.00$0.00$0.00
FUND 158 TIF 2-2 Meat Market$0.00$0.00$165.00
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$54.00$54.00
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$25,215.00$25,215.00
FUND 250 Revolving Loan Fund$0.00$25,269.00$25,269.00
$83,990.00$28,071.17$39,396.45
п¹» è ±º íè
06/15/11 8:57 AM
CITY OF ST JOSEPH
Page 1
EDA Revenue Report
Current Period: May 2011
2011May2011
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$21.10$25.50
Economic Development39201Transfers from Other Funds$83,840.00$0.00$28,000.00
FUND 150 Economic Development$83,990.00$21.10$28,025.50
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$116.24$276.68
FUND 156 TIF 1-4 St. Joe Development$0.00$116.24$276.68
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$10.67$27.93
FUND 157 TIF 2-1 Millstream
$0.00$10.67$27.93
FUND 250 Revolving Loan Fund
Revolving Loan Fund36210Interest Earnings$0.00$99.41$233.87
Revolving Loan Fund39320Revolving Loan Principal$0.00$315.03$1,432.75
Revolving Loan Fund39321Revolving Loan Interest$0.00$49.00$251.28
Revolving Loan Fund39322Revolving Loan Origination $0.00$0.00$0.00
FUND 250 Revolving Loan Fund$0.00$463.44$1,917.90
$83,990.00$611.45$30,248.01
п¹» ç ±º íè