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Home My WebLink About[04] Accounts Payable & Financial Report^ CITY OF ST. JOSEPH WWW.cityof stjoseph.ccM EDA Carolyn Yaggie— Action: Heinen A MOTION is in order to approve the Accounts Payable. Chad Davey Al Rassier Tom Skahen B. Financial Report: Dale Wick July financial reports are attached for your consideration. The reports consist of: 1. Monthly Report. 2. Balance Sheet. 3. EDA revenue to date. 4. EDA expenditures to date. 5. CIP Summary A MOTION is in order to approve the Financial Reports. DATE: August 17, 2011 MEMO TO: St. Joseph Economic Development Authority FROM: Cynthia Smith - Strack, Municipal Development Group Administrator Judy Weyrens RE: Accounts Payable — August July Financial Reports Mayor Richard Schultz A. Accounts Payable: Councilors Following are Accounts Payable for the EDA's Consideration. Steve Frank Bob Loso Payable To For Fund Amount Renee Symanietz MDG, Inc. July Econ. Dev. Service 150 -46500 -300 $ 2,390.74 Dale Wick Total $ 2,390.74 EDA Carolyn Yaggie— Action: Heinen A MOTION is in order to approve the Accounts Payable. Chad Davey Al Rassier Tom Skahen B. Financial Report: Dale Wick July financial reports are attached for your consideration. The reports consist of: 1. Monthly Report. 2. Balance Sheet. 3. EDA revenue to date. 4. EDA expenditures to date. 5. CIP Summary A MOTION is in order to approve the Financial Reports. IVA MUNICIPAL DEVELOPMENT GROUP, INC. 25562 WILLOW LANE NEW PRAGUE, MN 56071 952 - 758 -7399 FAX: 952 - 758 -3711 staff@municipaidevelopmentgroup.com INVOICE City of St. Joseph Attn: Judy Weyrens City Administrator PO 668 St. Joseph, MN 56374 Invoice Date 8 -10 -11 Payment Terms: 30 days Customer ID #: ISTJ10EDA Project July Economic Development Services See attached detail Amount: $2,200.00 Monthly contract fee 190.74 374 miles x .51 $2,390.74 Code to: 150 -46500 -300 for general EDA Remit To: Municipal Development Group, Inc. 25562 Willow Lane New Prague, MN 56071 Dates -EDA Hours July 6, 2011 EDA Office Hours: C. Strack 6.00 Hour July 13, 2011 EDA Office Hours: C. Strack 8.00 Hour July 15, 2011 EDA Hours in MDG Office: C. Strack 2.25 Hour July 19, 2011 EDA Hours in MDG Office: J. Anderson 2.50 Hour July 20, 2011 EDA Hours in MDG Office: J. Anderson 5.00 Hour July 21, 2011 EDA Hours in MDG Office: J. Anderson 2.50 Hour July 21, 2011 EDA Hours in MDG (remote) Office: C. Strack 3.75 Hour Total July 2011 30.00 Hours Total Contract Hours July 31, 2011: 266.50 Hours Check No. Date: Thank you! We appreciated the opportunity to work with youl Principal St. Joseph Economic Development Authority Summary Treasurer's Report - Fund 150 July 2011 Fund 150, EDA Balance as of December 31, 2010 (Audited) 5,162.57 Year to Date Revenue: Interest Earnings 105.11 DEED Housing Reimbursement 16,368.57 Transfers from the City's General Fund 28,000.00 Total Revenue 44,473.68 Year to Date Expenditure Total by Proiect: Market Development 1,304.38 ** Business Development 14,376.09 ** Organizational Development 2,430.29 ** Infrastructure Development 1,178.26 ** Workforce Development - ** 19,289.02 Year to Date Expenditures by Object: Board Stipends - Staff Salaries - Workers Comp Premium 0.52 Office Supplies (63.83) Software Support (529.52) Municipal Development Group (7,478.21) Legal /Engineering Fees (1,619.14) Telephone (446.21) Postage - Business Luncheon - Advertising - Recording Fee - Rentals (Postage Machine) - St. Cloud EDA Membership Dues - EDA Programs (10,190.86) Total Expenses (20,327.25) Fund Summaries as of July 31, 2011: EDA Fund Balance - Fund 150 - (Unaudited) 29,309.00 Designated for Capital Programs 28,513.66 Designated for DEED Housing Projects 16,368.57 Undesignated (12,517.80) TIF 1-4 St. Joseph Development Fund Balance - Fund 156 17,698.01 TIF 2 -1 Millstream Shops and Lofts Fund Balance - Fund 157 6,097.33 TIF 2 -2 St. Joseph Meat Market Fund Balance - Fund 158 (273.00) Revolving Loan Fund Balance - Fund 250 12,081.10 ** Detail available upon request r' CITY OF ST JOSEPH EDA Balance Sheet Current Period: July 2011 08/17/11 9:54 AM Page 1 FUND 150 Economic Development FUND 156 TIF 1-4 St Joe Development TIF 1-4 St. Joe Develop G 156 -10100 Cash TIF 1 -4 St. Joe Develop G 156 -10450 Interest Receivable TIF 1 -4 St. Joe Develop G 156 -25310 Appropriated Fund Balance FUND 156 TIF 1 -4 St. Joe Development FUND 157 TIF 2 -1 Millstream TIF 2 -1 Millstream G 157 -10100 Cash TIF 2 -1 Millstream G 157 -10450 Interest Receivable TIF 2 -1 Millstream G 157 -20200 Accounts Payable TIF 2 -1 Millstream G 157 -25310 Appropriated Fund Balance FUND 157 TIF 2 -1 Millstream FUND 158 TIF 2 -2 Meat Market TIF 2 -2 Meat Market G 158 -10100 Cash TIF 2 -2 Meat Market G 158 -25310 Appropriated Fund Balance FUND 158 TIF 2 -2 Meat Market FUND 250 Revolving Loan Fund $0.00 $77,834.23 $77,834.23 $0.00 $41,593.09 $33,792.10 $57,687.18 YTD YTD Current FUND Descr Account Descr Begin Yr Debit Credit Balance FUND 150 Economic Development $91,584.95 $91,584.95 $0.00 $4,020.96 Economic Development G 150 -10100 Cash $8,841.22 $47,280.41 $26,812.63 $29,309.00 Economic Development G 150 -10450 Interest Receivable $31.27 $0.00 $31.27 $0.00 Economic Development G 150 -20200 Accounts Payable - $3,709.92 $3,709.92 $0.00 $0.00 Economic Development G 150 -24415 Design. Fd Bal - Capital Proj - $5,162.57 $0.00 $0.00 - $5,162.57 Economic Development G 150 -25310 Appropriated Fund Balance $0.00 $26,843.90 $50,990.33 - $24,146.43 FUND 150 Economic Development FUND 156 TIF 1-4 St Joe Development TIF 1-4 St. Joe Develop G 156 -10100 Cash TIF 1 -4 St. Joe Develop G 156 -10450 Interest Receivable TIF 1 -4 St. Joe Develop G 156 -25310 Appropriated Fund Balance FUND 156 TIF 1 -4 St. Joe Development FUND 157 TIF 2 -1 Millstream TIF 2 -1 Millstream G 157 -10100 Cash TIF 2 -1 Millstream G 157 -10450 Interest Receivable TIF 2 -1 Millstream G 157 -20200 Accounts Payable TIF 2 -1 Millstream G 157 -25310 Appropriated Fund Balance FUND 157 TIF 2 -1 Millstream FUND 158 TIF 2 -2 Meat Market TIF 2 -2 Meat Market G 158 -10100 Cash TIF 2 -2 Meat Market G 158 -25310 Appropriated Fund Balance FUND 158 TIF 2 -2 Meat Market FUND 250 Revolving Loan Fund $0.00 $77,834.23 $77,834.23 $0.00 $41,593.09 $33,792.10 $57,687.18 $17,698.01 $105.67 $0.00 $105.67 $0.00 - $41,698.76 $57,792.85 $33,792.10 - $17,698.01 $0.00 $91,584.95 $91,584.95 $0.00 $4,020.96 $23,641.81 $21,565.44 $6,097.33 $4.82 $0.00 $4.82 $0.00 $0.00 $0.00 $0.00 $0.00 - $4,025.78 $21,570.26 $23,641.81 - $6,097.33 $0.00 $45,212.07 $45,212.07 $0.00 $0.00 $7,469.96 $7,742.96 - $273.00 $0.00 $7,742.96 $7,469.96 $273.00 $0.00 $15,212.92 $15,212.92 $0.00 Revolving Loan Fund G 250 -10100 Cash $34,565.78 $3,122.69 $25,607.37 $12,081.10 Revolving Loan Fund G 250 -10450 Interest Receivable $89.51 $0.00 $89.51 $0.00 Revolving Loan Fund G 250 -11900 Notes Receivable $20,715.08 $0.00 $20,715.08 $0.00 Revolving Loan Fund G 250 -20200 Accounts Payable $0.00 $0.00 $0.00 $0.00 Revolving Loan Fund G 250 -22204 Deferred Revenue - $20,715.08 $20,715.08 $0.00 $0.00 Revolving Loan Fund G 250 -25310 Appropriated Fund Balance - $34,655.29 $25,696.88 $3,122.69 - $12,081.10 FUND 250 Revolving Loan Fund $0.00 $49,534.65 $49,534.65 $0.00 $0.00 $279,378.82 $279,378.82 $0.00 rl CITY OF ST JOSEPH 08/17/11 9:23 AM Page 1 EDA Revenue Report Current Period: July 2011 FUND 156 TIF 1-4 St. Joe Development TIF 1-4 St. Joe Development 31050 Tax Increment 2011 July 2011 FUND Descr SOURCE SOURCE Descr YTD Budget 2011 Amt YTD Amt FUND 150 Economic Development $0.00 $10,035.03 $33,676.60 FUND 157 TIF 2 -1 Millstream Economic Development 31010 Current Ad Valorem Taxes $0.00 $0.00 $0.00 Economic Development 34150 TIF /MIF Deposit $0.00 $0.00 $0.00 Economic Development 34200 DEED Housing Reimbursem $0.00 $0.00 $16,368.57 Economic Development 36210 Interest Earnings $150.00 $38.01 $105.11 Economic Development 39201 Transfers from Other Funds $83,840.00 $0.00 $28,000.00 FUND 150 Economic Development $0.00 $83,990.00 $38.01 $44,473.68 FUND 156 TIF 1-4 St. Joe Development TIF 1-4 St. Joe Development 31050 Tax Increment $0.00 $9,957.75 $33,192.49 TIF 1-4 St. Joe Development 36210 Interest Earnings $0.00 $77.28 $484.11 FUND 156 TIF 1-4 St. Joe Development $0.00 $10,035.03 $33,676.60 FUND 157 TIF 2 -1 Millstream TIF 2 -1 Millstream 31050 Tax Increment $0.00 $7,074.27 $23,580.89 TIF 2 -1 Millstream 33404 Market Value Credit $0.00 $0.00 $0.00 TIF 2 -1 Millstream 34150 TIF /MIF Deposit $0.00 $0.00 $0.00 TIF 2 -1 Millstream 36210 Interest Earnings $0.00 $14.86 $55.38 FUND 157 TIF 2 -1 Millstream $0.00 $7,089.13 $23,636.27 FUND 250 Revolving Loan Fund Revolving Loan Fund 36210 Interest Earnings $0.00 $30.69 $350.78 Revolving Loan Fund 39320 Revolving Loan Principal $0.00 $282.50 $1,997.04 Revolving Loan Fund 39321 Revolving Loan Interest $0.00 $47.50 $346.99 Revolving Loan Fund 39322 Revolving Loan Origination $0.00 $0.00 $0.00 FUND 250 Revolving Loan Fund $0.00 $360.69 $2,694.81 $83,990.00 $17,522.86 $104,481.36 �i } }} CITY OF ST JOSEPH 08/17/11 9:55 AM Page 1 (n EDA Expenditure Report Current Period: July 2011 FUND 156 TIF 1-4 St. Joe Development E 156 -46500 -101 Salaries 2011 July 2011 Account Descr YTD Budget 2011 Amt YTD Amt FUND 150 Economic Development $0.00 $13.05 $16.94 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 $63.83 E 150 -46500 -215 Software Support $450.00 $0.00 $529.52 E 150 -46500 -300 Professional Services $30,500.00 $1,541.36 $7,478.21 E 150 -46500 -303 Engineering Fee $2,000.00 $0.00 $714.64 E 150 -46500 -304 Legal Fees $1,000.00 $256.50 $904.50 E 150 -46500 -321 Telephone $1,200.00 $64.72 $446.21 E 15046500 -322 Postage $350.00 $0.00 $0.00 E 150 -46500 -328 Marketing $0.00 $0.00 $0.00 E 150 -46500 -331 Travel & Conference Expense $150.00 $0.00 $0.00 E 15046500 -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 $5,500.00 $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 15046500 -588 EDA Programs $40,000.00 $1,230.86 $10,190.86 FUND 150 Economic Development $83,990.00 $3,093.44 $20,327.25 FUND 156 TIF 1-4 St. Joe Development E 156 -46500 -101 Salaries $0.00 $219.81 $287.12 E 156 -46500 -121 PERA Contributions $0.00 $15.94 $20.82 E 156 -46500 -122 FICA Contributions $0.00 $13.05 $16.94 E 156 -46500 -123 Deferred Comp - Employer $0.00 $3.91 $5.16 E 156 -46500 -125 Medicare Contributions $0.00 $3.05 $3.96 E 156 -46500 -131 Health Insurance $0.00 $37.44 $49.42 E 156 -46500 -133 Life Insurance $0.00 $0.46 $0.61 E 156 - 46500 -134 Disabilty Insurance $0.00 $3.08 $3.08 E 156 -46500 -300 Professional Services $0.00 $351.00 $351.00 E 156 -46500 -340 Advertising $0.00 $0.00 $66.00 E 156 -46500 -588 EDA Programs $0.00 $27,000.00 $27,000.00 E 156 - 46500 -622 Tax Increment Payments $0.00 $29,873.24 $29,873.24 FUND 156 TIF 1 -4 St. Joe Development $0.00 $57,520.98 $57,677.35 FUND 157 TIF 2 -1 Millstream E 157 -46500 -101 Salaries $0.00 $219.81 $253.46 E 157 -46500 -121 PERA Contributions $0.00 $15.94 $18.38 E 157 -46500 -122 FICA Contributions $0.00 $13.04 $14.99 E 157 -46500 -123 Deferred Comp - Employer $0.00 $3.91 $4.54 E 157 -46500 -125 Medicare Contributions $0.00 $3.05 $3.51 E 157 -46500 -131 Health Insurance $0.00 $37.45 $43.44 E 157 -46500 -133 Life Insurance $0.00 $0.46 $0.53 E 157 -46500 -134 Disabilty Insurance $0.00 $3.07 $3.07 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 $21,222.80 $21,222.80 E 157 -49300 -720 Transfers to Other Funds $0.00 $0.00 $0.00 FUND 157 TIF 2 -1 Millstream $0.00 $21,519.53 $21,564.72 FUND 158 TIF 2 -2 Meat Market E 158 -46500 -101 Salaries $0.00 $0.00 $0.00 E 158 -46500 -121 PERA Contributions $0.00 $0.00 $0.00 E 158 -46500 -122 FICA Contributions $0.00 $0.00 $0.00 E 158 -46500 -123 Deferred Comp - Employer $0.00 $0.00 $0.00 fi CITY OF ST JOSEPH 08/17/11 9:55 AM Page 2 EDA Expenditure Report Current Period: July 2011 $83,990.00 $82,241.95 $125,111.32 2011 July 2011 Account Descr YTD Budget 2011 Amt YTD Amt E 158 -46500 -125 Medicare Contributions $0.00 $0.00 $0.00 E 158 -46500 -131 Health Insurance $0.00 $0.00 $0.00 E 158 -46500 -133 Life Insurance $0.00 $0.00 $0.00 E 158 -46500 -134 Disabilty Insurance $0.00 $0.00 $0.00 E 158 -46500 -300 Professional Services $0.00 $108.00 $108.00 E 158 -46500 -340 Advertising $0.00 $0.00 $165.00 E 158 -46500 -622 Tax Increment Payments $0.00 $0.00 $0.00 FUND 158 TIF 2 -2 Meat Market $0.00 $108.00 $273.00 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 $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 $0.00 $25,215.00 FUND 250 Revolving Loan Fund $0.00 $0.00 $25,269.00 $83,990.00 $82,241.95 $125,111.32 a M N a o° L H n C 'y E Uw U aN m 3 C' N a O ji Z g L U� U It C Q% W C �: co O W O N 6 CL. 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