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Home My WebLink About[06] Accounts Payable & Financial ReportCITY OF ST. JOSEPH VVIV. cityof stjoseph.com DATE: January 15, 2014 MEMO TO: St. Joseph Economic Development Authority FROM: Cynthia Smith - Strack Municipal Development Group Administrator Judy Weyrens RE Mayor Richard Schultz Accounts Payable December Financial Reports 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. Dec. Econ. Dev. Service 150 - 46500 -300 $ 2,728.28 Dale Wick $2,200 services, $528.28 mileage Total $ 2,728.28 EDA Doug Danielson *Plus invoices noted on enclosed check register. Steve Frank Larry Hosch For the year ending December 31, 2013 a total of 433.50 hours of service were provided. The Gary Osberg overage (13.50 hours) will be carried over to 2014 as in previous years. Dale Wick Action: A MOTION is in order to approve the Accounts Payable. B. Financial Report: December 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. Check Register 6. CIP Summary A MOTION is in order to approve the Financial Reports. 661YA MUNICIPAL DEVELOPMENT GROUP, INC. 25562 WILLOW LANE NEW PRAGUE, MN 56071 952 - 758 -7399 FAX: 952 - 758 -3711 staff@municipaldevelopmentgroup.com INVOICE City of St. Joseph Attn: Judy Weyrens City Administrator PO 668 St. Joseph, MN 56374 Invoice Date 01 -10 -14 Payment Terms: 30 days Customer ID #: ISTJ14EDA Project Nov. Economic Development Services Amount: $2,200.00 Monthly contract fee 528.28 935 miles x .565 $2,728.28 Code to: 150 - 46500 -300 for general EDA Remit To: Municipal Development Group, Inc. 25562 Willow Lane New Prague, MN 56071 Dates -EDA Hours December 3, 2013 EDA Office Hours: C. Strack 2.00 Hour December 4, 2013 EDA Office Hours, MDG Office: C. Strack 8.00 Hour December 11, 2013 EDA Office Hours: C. Strack 7.50 Hour December 18, 2013 EDA Office Hours: C. Strack 9.00 Hour December 23, 2013 EDA Office Hours: C. Strack 4.50 Hour December 30, 2013 EDA Office Hours: C. Strack 6.00 Hour Total December 2013 37.00 Hours Total Contract Hours December 31, 2013: 433.50 Hours Check No. Date: Thank you! We appreciated the opportunity to work with you! �0 Principal St. Joseph Economic Development Authority Summary Treasurer's Report - Fund 150 December 2013 Fund 150, EDA Balance as of December 31, 2012 (audited) 77,651.57 Year to Date Revenue: Interest Earnings 187.02 DEED Housing Grant Proceeds 27,395.00 Ad Valorem Taxes 125,503.22 Total Revenue 153,085.24 Year to Date Expenditure Total by Project: Market Development 9,878.26 Business Development 16,634.01 "* Organizational Development 4,735.17 Infrastructure Development 165.19 Workforce Development - 31,412.63 Year to Date Expenditures by Object: Board Stipends (385.00) Staff Salaries (107.14) Workers Comp Premium (16.57) Software Support (622.93) Municipal Development Group (22,542.16) Legal /Engineering Fees (91.80) Telephone (727.64) Greater St. Cloud Development Investment (2,500.00) Business Round Table Outreach (324.03) Marketing (1,195.03 ) Advertising (30.62) Coborn's Abatement (50,000.00) CM Housing Grant Reimbursement (26,060.00) EDA Programs (7,936.76) Total Expenses (112,539.68) Fund Summaries as of December 31, 2013: EDA Fund Balance - Fund 150 - unaudited 118,197.13 Designated for Capital Programs 37,151.57 Designated for DEED Housing Projects 15,368.57 Undesignated 65,676.99 TIF 2 -1 Millstream Shops and Lofts Fund Balance - Fund 157 14,119.16 TIF 2 -2 St. Joseph Meat Market Fund Balance - Fund 158 (465.82) Revolving Loan Fund Balance - Fund 250 30,844.38 " Detail available upon request CITY OF ST. JOSEPH EDA Balance Sheet Current Period: December 2013 YTD YTD Current FUND Descr Account Descr Begin Yr Debit Credit Balance FUND 150 Economic Development Economic Development Economic Development Economic Development Economic Development Economic Development Economic Development Economic Development Economic Development Economic Development FUND 150 Economic Develc G 150 -10100 Cash G 150 -10450 Interest Receivable G 150 -10700 Taxes Receivable - Delinquen G 150 -13113 Due From other Gov t Units G 150 -15500 Due From Other Fund G 150 -20200 Accounts Payable G 150 -22204 Deferred Revenue G 150 -24415 Design. Fd Bal - Capital Proj G 150 -25310 Appropriated Fund Balance pment FUND 157 TIF 2 -1 Millstream TIF 2 -1 Millstream TIF 2 -1 Millstream TIF 2 -1 Millstream TIF 2 -1 Millstream TIF 2 -1 Millstream FUND 157 TIF 2 -1 Mill! G 157 -10100 Cash G 157 -10450 Interest Receivable G 157 -13113 Due From other Gov t Units G 157 -20200 Accounts Payable G 157 -25310 Appropriated Fund Balance stream FUND 158 TIF 2 -2 Meat Market TIF 2 -2 Meat Market G 158 -10100 Cash TIF 2 -2 Meat Market G 158 -20500 Due To Other Fund TIF 2 -2 Meat Market G 158 -25310 Appropriated Fund Balance FUND 158 TIF 2 -2 Meat Market FUND 250 Revolving Loan Fund Revolving Loan Fund Revolving Loan Fund Revolving Loan Fund Revolving Loan Fund Revolving Loan Fund Revolving Loan Fund FUND 250 Revolving Loa G 250 -10100 Cash G 250 -10450 Interest Receivable G 250 -11900 Notes Receivable G 250 -20200 Accounts Payable G 250 -22204 Deferred Revenue G 250 -25310 Appropriated Fund Balance n Fund $79,525.68 $213,368.85 $175,197.40 $117,697.13 $75.73 $0.00 $75.73 $0.00 $893.10 $0.00 $893.10 $0.00 $351.51 $0.00 $351.51 $0.00 $500.00 $0.00 $0.00 $500.00 - $2,801.35 $2,801.35 $0.00 $0.00 - $893.10 $893.10 $0.00 $0.00 - $13,296.71 $0.00 $0.00 - $13,296.71 - $64,354.86 $175,624.64 $216,170.20 - $104,900.42 $0.00 $392,687.94 $392,687.94 $0.00 $10,832.25 $57,890.50 $54,603.59 $14,119.16 $12.43 $0.00 $12.43 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 - $10,844.68 $54,616.02 $57,890.50 - $14,119.16 $0.00 $112,506.52 $112,506.52 $0.00 $30.02 $4,285.92 $4,281.76 $34.18 - $500.00 $0.00 $0.00 - $500.00 $469.98 $4,281.76 $4,285.92 $465.82 $0.00 $8,567.68 $8,567.68 $0.00 $22,746.98 $8,431.94 $334.54 $30,844.38 $24.25 $0.00 $24.25 $0.00 $36,130.90 $0.00 $36,130.90 $0.00 $0.00 $0.00 $0.00 $0.00 - $36,130.90 $36,130.90 $0.00 $0.00 - $22,771.23 $358.79 $8,431.94 - $30,844.38 $0.00 $44,921.63 $44,921.63 $0.00 ILA $0.00 $558,683.77 $558,683.77 $0.00 01/15/14 10:12 AM Page 1 CITY OF ST. JOSEPH EDA Revenue Report Current Period: December 2013 01/08/14 9:54 AM Page 1 2013 December 2013 FUND Descr SOURCE SOURCE Descr YTD Budget 2013 Amt YTD Amt FUND 150 Economic Development Economic Development 31010 Current Ad Valorem Taxes $126,095.00 $0.00 $125,503.22 Economic Development 33160 Federal Grants - Other $0.00 $13,920.00 $27,395.00 Economic Development 34150 TIF /MIF Deposit $0.00 $0.00 $0.00 Economic Development 34200 DEED Housing Reimbursem $0.00 $0.00 $0.00 Economic Development 36210 Interest Earnings $500.00 - $108.80 $187.02 Economic Development 39201 Transfers from Other Funds $0.00 $0.00 $0.00 FUND 150 Economic Development $126,595.00 $13,811.20 $153,085.24 FUND 157 TIF 2 -1 Millstream TIF 2 -1 Millstream 31050 Tax Increment $0.00 $0.00 $34,911.46 TIF 2 -1 Millstream 33404 Market Value Credit $0.00 $0.00 $0.00 TIF 2 -1 Millstream 36210 Interest Earnings $0.00 - $14.27 $3.59 FUND 157 TIF 2 -1 Millstream $0.00 - $14.27 $34,915.05 FUND 158 TIF 2 -2 Meat Market TIF 2 -2 Meat Market 31050 Tax Increment $0.00 $0.00 $3,724.78 TIF 2 -2 Meat Market 36210 Interest Earnings $0.00 -$0.44 $0.04 TIF 2 -2 Meat Market 39201 Transfers from Other Funds $0.00 $0.00 $0.00 FUND 158 TIF 2 -2 Meat Market $0.00 -$0.44 $3,724.82 FUND 250 Revolving Loan Fund Revolving Loan Fund 36210 Interest Earnings $300.00 - $23.68 -$9.45 Revolving Loan Fund 39320 Revolving Loan Principal $7,095.00 $599.46 $7,095.64 Revolving Loan Fund 39321 Revolving Loan Interest $985.00 $74.09 $986.96 Revolving Loan Fund 39322 Revolving Loan Origination $0.00 $0.00 $0.00 FUND 250 Revolving Loan Fund $8,380.00 $649.87 $8,073.15 $134,975.00 $14,446.36 $199,798.26 CITY OF ST. JOSEPH 01/15/14 10:12 AM EDA Expenditure Report Page 1 Current Period: December 2013 � I� 2013 December 2013 Account Descr YTD Budget 2013 Amt YTD Amt FUND 150 Economic Development E 150 - 46500 -101 Salaries $0.00 $0.00 $91.92 E 150 - 46500 -103 Legislative Bodies $1,260.00 $385.00 $385.00 E 150 - 46500 -121 PERA Contributions $0.00 $0.00 $6.67 E 150 -46500 -122 FICA Contributions $0.00 $0.00 $5.66 E 150 - 46500 -123 Deferred Comp - Employer $0.00 $0.00 $1.57 E 150 - 46500 -125 Medicare Contributions $0.00 $0.00 $1.32 E 150 - 46500 -151 Workers Comp. Insur. Prem. $10.00 $0.00 $16.57 E 150 -46500 -200 Office Supplies $500.00 $0.00 $0.00 E 150 - 46500 -215 Software Support $540.00 $0.00 $622.93 E 150 - 46500 -300 Professional Services $28,000.00 $1,706.80 $22,750.39 E 150 -46500 -303 Engineering Fee $2,000.00 $0.00 $91.80 E 150 - 46500 -304 Legal Fees $1,000.00 $0.00 $0.00 E 150 -46500 -321 Telephone $785.00 $17.82 $727.64 E 150 -46500 -322 Postage $350.00 $0.00 $0.00 E 150 - 46500 -328 Marketing $8,000.00 $0.00 $3,810.83 E 150 -46500 -331 Travel & Conference Expense $150.00 $0.00 $0.00 E 150 - 46500 -340 Advertising $500.00 $0.00 $30.62 E 150 - 46500 -410 Rentals $0.00 $0.00 $0.00 E 150 - 46500 -433 Dues & Memberships $0.00 $0.00 $0.00 E 150 - 46500 -434 Certification Fee $0.00 $0.00 $0.00 E 150 -46500 -582 Computer Software $0.00 $0.00 $0.00 E 150 - 46500 -588 EDA Programs $33,500.00 $13,523.21 $33,996.76 E 150 - 46500 -622 TIF /Abatement Payments $50,000.00 $50,000.00 $50,000.00 E 150 - 49300 -720 Transfers to Other Funds $0.00 $0.00 $0.00 FUND 150 Economic Development $126,595.00 $65,632.83 $112,539.68 FUND 157 TIF 2 -1 Millstream E 157 -46500 -101 Salaries $0.00 $0.00 $91.92 E 157 - 46500 -121 PERA Contributions $0.00 $0.00 $6.67 E 157 - 46500 -122 FICA Contributions $0.00 $0.00 $5.66 E 157 -46500 -123 Deferred Comp - Employer $0.00 $0.00 $1.57 E 157 - 46500 -125 Medicare Contributions $0.00 $0.00 $1.32 E 157 - 46500 -131 Health Insurance $0.00 $0.00 $0.00 E 157 -46500 -132 Dental Insurance $0.00 $0.00 $0.90 E 157 -46500 -133 Life Insurance $0.00 $0.00 $0.08 E 157 -46500 -134 Disabilty Insurance $0.00 $0.00 $0.51 E 157 - 46500 -300 Professional Services $0.00 $0.00 $81.00 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 $30.63 E 157 -46500 -622 TIF /Abatement Payments $0.00 $14,317.81 $31,420.31 E 157 - 49300-720 Transfers to Other Funds $0.00 $0.00 $0.00 FUND 157 TIF 2 -1 Millstream $0.00 $14,317.81 $31,640.57 FUND 158 TIF 2 -2 Meat Market E 158 -46500 -101 Salaries $0.00 $0.00 $128.70 E 158 - 46500 -121 PERA Contributions $0.00 $0.00 $9.31 E 158 - 46500 -122 FICA Contributions $0.00 $0.00 $7.94 E 158 - 46500 -123 Deferred Comp - Employer $0.00 $0.00 $2.18 E 158 - 46500 -125 Medicare Contributions $0.00 $0.00 $1.86 � I� CITY OF ST. JOSEPH EDA Expenditure Report Current Period: December 2013 01/15/14 10:12 AM Page 2 16- 2013 December 2013 Account Descr YTD Budget 2013 Amt YTD Amt E 158 -46500 -131 Health Insurance $0.00 $0.00 $0.00 E 158 -46500 -132 Dental Insurance $0.00 $0.00 $0.91 E 158 - 46500 -133 Life Insurance $0.00 $0.00 $0.07 E 158 -46500 -134 Disabilty Insurance $0.00 $0.00 $0.52 E 158 - 46500 -300 Professional Services $0.00 $0.00 $0.00 E 158 -46500 -340 Advertising $0.00 $0.00 $30.63 E 158 -46500 -622 TIF /Abatement Payments $0.00 $1,767.49 $3,538.54 FUND 158 TIF 2 -2 Meat Market $0.00 $1,767.49 $3,720.66 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 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 $126,595.00 $81,718.13 $147,900.91 16- CITY OF ST. JOSEPH 01/15/14 10:13 AM EDA Check Register Page 1 CHECK # Search Name Comments FUND DEPART Amount 047300 CENTURYLINK T1 line /20 sets 229 #'s 150 46500 $11.12 047301 CENTURYLINK BUSINESS SERVICES Nov long distance telephone 150 46500 $3.11 047305 INTEGRATED MEDIA Dec cable commission 150 46500 $400.00 047305 INTEGRATED MEDIA recode Dec services to correct 150 46500 - $400.00 047330 MUNICIPAL DEVELOPMENT CORP Nov website 150 46500 $145.82 047330 MUNICIPAL DEVELOPMENT CORP Nov organizational developme 150 46500 $416.21 047330 MUNICIPAL DEVELOPMENT CORP Nov business retention 150 46500 $936.54 047330 MUNICIPAL DEVELOPMENT CORP Nov round table discussion 150 46500 $208.23 047330 MUNICIPAL DEVELOPMENT CORP Nov mtgs w /qualified perspecti 150 46500 $915.82 047342 CENTRAL MN HOUSING PARTNERSHIP draw #3 admin services - hous 150 46500 $11,250.00 047344 COBORN S INC 2013 tax abatement payment 150 46500 $50,000.00 047359 MINNWEST BANK 2nd half TIF 2 -1 payment -Mills 157 46500 $14,317.81 047364 PFANNENSTEIN, HARVEY & CAROL 2nd half TIF 2 -2 payment - Me 158 46500 $1,767.49 047368 RETAIL THERAPY, LLC BFA grant - 111 College Ave N 150 46500 $22.39 047377 TRI- COUNTY ACTION PROGRAM INC housing grant [Schmotzer, Sta 150 46500 $1,335.00 047388 CENTURYLINK BUSINESS SERVICES Dec long distance telephone 150 46500 $3.59 047441 OSBERG, GARY 2013 EDA meetings 150 46500 $385.00 $81,718.13 N p o W N m L a � y Y E M C N rr ate+ u O E N C > p M CL O` L w E 0 -0 f0 E Q u m -0 ° M U m o N C d Q U U- _ f0 c0 ` C GJ +- C M C7 0 N 0 0 O M O ro i N m M N M .0 a o 3 H N 0 r M \ N N OLiO C O 3 f0 N O H L Y Y v m � o CD N N ri y N > u m N N Q OTC m ri ' a a�i � O E a` 3 z d 0 O V c 3 0 u Q a) i 0 a E 0 U 0 Q w N 00 L9 O O Lo CD O LO d E n v D 0 W O O O O O O O O� O�� O 0 0 O O O o In o o �n rn w r\ 00 n to Lq v r" 0o ..-1 lD lD 1D m furry M v O M M M to N 1 E LL 3 c O c o c « v - � - � `w 0 o o rn 0 m � u xq� O E t C, o 0 .2 C 0 M m vi6 TUN !� m o io r, m m r� J m 1p rn m .-r L v+ O1 eti I -4 M LI) V% to co v r, LO in '~ V o a M rn 00 m -1 Ol an M 00 M V In Ol V O O M q Lq r1 .--1 CD LM 00 C Lr r-I O O O O O O O O O� O�� O 0 0 O O O o In o o �n rn w r\ 00 n to Lq v r" 0o ..-1 lD lD 1D m furry M v O M M M to N 1 1-7 E LL W sM O c d a In c E 0 o o rn 0 N U C ., O E N 0 Q) 3> 0 C 0 M C) ui vi6 TUN !� m Z p LL m co J m m U mOr_ U 0 0 0 0 0 0 0 M M M M M M M Q Q Q Q Q Q Q ww w www 00 00 O O CD O LO a U Q W J Q W 1-7