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Home My WebLink About[05] Accounts Payable & Financial Reports,.rJ1 CITY OF ST. JOSEPH wv'm. cityo(stjoseph.com DATE: February 5, 2014 MEMO TO: St. Joseph Economic Development Authority FROM: Cynthia Smith - Strack Municipal Development Group Administrator Judy Weyrens RE: Accounts Payable January 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. Jan. Econ. Dev. Service 150 -46500 -300 $ 2,728.28 Dale Wick $2,200 services, $528.28 mileage EDA Doug Danielson Steve Frank Larry Hosch Gary Osberg Dale Wick Total *Plus invoices noted on enclosed check register. $ 2,728.28 For the year ending December 31, 2013 a total of 433.50 hours of service were provided. The overage (13.50 hours) will be carried over to 2014 as in previous years. Action: A MOTION is in order to approve the Accounts Payable. B. Financial Report: January 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. 1190PA MUNICIPAL DEVELOPMENT GROUP, INC. 25562 WILLOW LANE NEW PRAGUE, MN 56071 952 - 758 -7399 FAX: 952 - 758 -3711 staffc&municipaldevelopmentgroup .com INVOICE City of St. Joseph Attn: Judy Weyrens City Administrator PO 668 St. Joseph, MN 56374 Invoice Date 02 -10 -14 Payment Terms: 30 days Customer ID #: ISTJ14EDA Project Jan. Economic Development Services Amount: $2,200.00 Monthly contract fee 415.14 748 miles x.56 $2,615.14 Code to: 150 - 46500 -300 for general EDA Remit To: Municipal Development Group, Inc. 25562 Willow Lane New Prague, MN 56071 Dates -EDA Hours January 7, 2014 EDA Office Hours: C. Strack 7.00 Hours January 15, 2014 EDA Office Hours: C. Strack 8.00 Hours January 22, 2014 EDA Office Hours: C. Strack 9.50 Hour January 29, 2014 EDA Office Hours: C. Strack 8.00 Hours Total January 2014 32.50 Hours Total Contract Hours January 31, 2014: 46.00 Hours Thank youl We appreciated the opportunity to work with youl Check No. Principal Date: 10 St. Joseph Economic Development Authority Summary Treasurer's Report - Fund 150 January 2014 Fund 150, EDA Balance as of December 31, 2013 (unaudited) 117,419.64 Year to Date Revenue: Interest Earnings 528.26 DEED Housing Grant Proceeds - Ad Valorem Taxes 16.93 Total Revenue 545.19 Year to Date Expenditure Total by Project: Market Development 1,124.60 ** Business Development 479.35 ** Organizational Development 1,124.33 ** Infrastructure Development - ** Workforce Development - ** 2,728.28 Year to Date Expenditures by Object: Board Stipends - Staff Salaries - Workers Comp Premium - Software Support (522.33) Municipal Development Group (1,566.86) Legal/Engineering Fees - Telephone (116.10) Greater St. Cloud Development Investment (5,000.00) Business Round Table Outreach - Marketing - Advertising - Coborn's Abatement - CM Housing Grant Reimbursement (1,335.00) EDA Programs (1,161.42) Total Expenses (9,701.71) Fund Summaries as of January 31, 2014: EDA Fund Balance - Fund 150 - unaudited 108,263.12 Designated for Capital Programs 69,490.15 Designated for DEED Housing Projects 15,368.57 Undesignated 23,404.40 TIF 2 -1 Millstream Shops and Lofts Fund Balance - Fund 157 14,192.64 TIF 2 -2 St. Joseph Meat Market Fund Balance - Fund 158 (463.44) Revolving Loan Fund Balance - Fund 250 31,655.60 ** Detail available upon request CITY OF ST. JOSEPH EDA Balance Sheet Current Period: January 2014 02/04/14 2:40 PM Page 1 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 Loai 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 $30,853.05 $793.79 $0.00 YTD YTD Current FUND Descr Account Descr Begin Yr Debit Credit Balance FUND 150 Economic Development $0.00 $0.00 $0.00 - $29,035.23 Economic Development G 150 -10100 Cash $116,317.66 $545.19 $9,701.71 $107,161.14 Economic Development G 150 -10450 Interest Receivable $32.82 $0.00 $0.00 $32.82 Economic Development G 150 -10700 Taxes Receivable - Delinquen $1,961.95 $0.00 $0.00 $1,961.95 Economic Development G 150 -13113 Due From other Gov t Units $569.16 $0.00 $0.00 $569.16 Economic Development G 150 -15500 Due From Other Fund $500.00 $0.00 $0.00 $500.00 Economic Development G 150 -20200 Accounts Payable $0.00 $0.00 $0.00 $0.00 Economic Development G 150 -22204 Deferred Revenue - $1,961.95 $0.00 $0.00 - $1,961.95 Economic Development G 150 -24415 Design. Fd Bal - Capital Proj - $13,296.71 $0.00 $0.00 - $13,296.71 Economic Development G 150 -25310 Appropriated Fund Balance - $104,122.93 $9,701.71 $545.19 - $94,966.41 FUND 150 Economic Development $0.00 $10,246.90 $10,246.90 $0.00 FUND 157 TIF 2 -1 Millstream TIF 2 -1 Millstream G 157 -10100 Cash $14,115.17 $72.91 $0.00 $14,188.08 TIF 2 -1 Millstream G 157 -10450 Interest Receivable $4.56 $0.00 $0.00 $4.56 TIF 2 -1 Millstream G 157 -13113 Due From other Gov t Units $0.00 $0.00 $0.00 $0.00 TIF 2 -1 Millstream G 157 -20200 Accounts Payable $0.00 $0.00 $0.00 $0.00 TIF 2 -1 Millstream G 157 -25310 Appropriated Fund Balance - $14,119.73 $0.00 $72.91 - $14,192.64 FUND 157 TIF 2 -1 Millstream $0.00 $72.91 $72.91 $0.00 FUND 158 TIF 2 -2 Meat Market TIF 2 -2 Meat Market G 158 -10100 Cash $34.13 $2.36 $0.00 $36.49 TIF 2 -2 Meat Market G 158 -10450 Interest Receivable $0.07 $0.00 $0.00 $0.07 TIF 2 -2 Meat Market G 158 -20500 Due To Other Fund - $500.00 $0.00 $0.00 - $500.00 TIF 2 -2 Meat Market G 158 -25310 Appropriated Fund Balance $465.80 $0.00 $2.36 $463.44 FUND 15817F 2 -2 Meat Market $0.00 $2.36 $2.36 $0.00 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 Loai 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 $30,853.05 $793.79 $0.00 $31,646.84 $8.76 $0.00 $0.00 $8.76 $29,035.23 $0.00 $0.00 $29,035.23 $0.00 $0.00 $0.00 $0.00 - $29,035.23 $0.00 $0.00 - $29,035.23 - $30,861.81 $0.00 $793.79 - $31,655.60 $0.00 $793.79 $793.79 $0.00 IZ $0.00 $11,115.96 $11,115.96 $0.00 CITY OF ST. JOSEPH 02/04/14 2:41 PM Page 1 EDA Check Register CHECK # Search Name Comments FUND DEPART Amount 047470 GREATER ST. CLOUD DEVELOP CORP 2014 investment 150 46500 $5,000.00 047477 CENTURYLINK Jan 20 set 229, PD, WTP2 tele 150 46500 $11.12 047497 CRABTREE COMPANIES, INC. 2014 LaserFiche contract 150 46500 $522.33 047509 MUNICIPAL DEVELOPMENT CORP Dec 2013 BFA loan 150 46500 $36.82 047509 MUNICIPAL DEVELOPMENT CORP Dec 2013 Mtgs qualified projec 150 46500 $977.00 047509 MUNICIPAL DEVELOPMENT CORP Dec 2013 Downtown 150 46500 $147.60 047509 MUNICIPAL DEVELOPMENT CORP Dec 2013 website 150 46500 $147.60 047509 MUNICIPAL DEVELOPMENT CORP Dec 2013 business retention 150 46500 $294.93 047509 MUNICIPAL DEVELOPMENT CORP Dec 2013 organizational devel 150 46500 $1,124.33 047523 CENTURYLINK Dec/Jan T1 line 150 46500 $100.72 047543 TRI- COUNTY ACTION PROGRAM INC 2013 Draw #3 CMH grant Bru 150 46500 $1,335.00 047551 CENTURYLINK BUSINESS SERVICES Jan long distance telephone 150 46500 $4.26 $9,701.71 �3 CITY OF ST. JOSEPH EDA Expenditure Report Current Period: January 2014 02/04/14 2:41 PM Page 1 I`f 2014 January 2014 Account Descr YTD Budget 2014 Amt YTD Amt FUND 150 Economic Development E 150 - 46500 -101 Salaries $4,000.00 $0.00 $0.00 E 150 -46500 -103 Legislative Bodies $1,260.00 $0.00 $0.00 E 150 -46500 -121 PERA Contributions $0.00 $0.00 $0.00 E 150 -46500 -122 FICA Contributions $0.00 $0.00 $0.00 E 150 -46500 -123 Deferred Comp - Employer $0.00 $0.00 $0.00 E 150 -46500 -125 Medicare Contributions $0.00 $0.00 $0.00 E 150 -46500 -151 Workers Comp. Insur. Prem. $10.00 $0.00 $0.00 E 150 -46500 -200 Office Supplies $500.00 $0.00 $0.00 E 150 -46500 -215 Software Support $540.00 $522.33 $522.33 E 150 -46500 -300 Professional Services $28,000.00 $1,566.86 $1,566.86 E 150- 46500-303 Engineering Fee $2,000.00 $0.00 $0.00 E 150 - 46500 -304 Legal Fees $1,000.00 $0.00 $0.00 E 150 -46500 -321 Telephone $785.00 $116.10 $116.10 E 150 -46500 -322 Postage $350.00 $0.00 $0.00 E 150 -46500 -328 Marketing $3,000.00 $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 $5,000.00 $5,000.00 $5,000.00 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 $2,496.42 $2,496.42 E 150 - 46500 -622 TIF /Abatement Payments $50,000.00 $0.00 $0.00 E 150 -49300 -720 Transfers to Other Funds $0.00 $0.00 $0.00 FUND 150 Economic Development $130,595.00 $9,701.71 $9,701.71 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 -131 Health Insurance $0.00 $0.00 $0.00 E 157 - 46500 -132 Dental 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 -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 TIF /Abatement 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 -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 E 158 -46500 -125 Medicare Contributions $0.00 $0.00 $0.00 I`f CITY OF ST. JOSEPH EDA Expenditure Report Current Period: January 2014 02/04/14 2:41 PM Page 2 FUND 250 Revolving Loan Fund E 250 -46500 -300 Professional Services E 250 - 46500 -304 Legal Fees E 250 -46500 -317 Other fees E 250 - 46500 -434 Certification Fee E 250 - 46500 -455 Revolving Loan Proceeds FUND 250 Revolving Loan Fund $0.00 2014 January 2014 Account Descr YTD Budget 2014 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 $0.00 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 $0.00 $0.00 E 158 - 46500 -340 Advertising $0.00 $0.00 $0.00 E 158 -46500 -622 TIF /Abatement Payments $0.00 $0.00 $0.00 FUND 158 TIF 2 -2 Meat Market $0.00 $0.00 $0.00 FUND 250 Revolving Loan Fund E 250 -46500 -300 Professional Services E 250 - 46500 -304 Legal Fees E 250 -46500 -317 Other fees E 250 - 46500 -434 Certification Fee E 250 - 46500 -455 Revolving Loan Proceeds FUND 250 Revolving Loan Fund $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $130,595.00 $9,701.71 $9,701.71 10 CITY OF ST. JOSEPH EDA Revenue Report Current Period: January 2014 02/04/14 2:41 PM Page 1 B 2014 January 2014 FUND Descr SOURCE SOURCE Descr YTD Budget 2014 Amt YTD Amt FUND 150 Economic Development Economic Development 31010 Current Ad Valorem Taxes $130,095.00 $16.93 $16.93 Economic Development 33160 Federal Grants - Other $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 $0.00 Economic Development 36210 Interest Earnings $500.00 $528.26 $528.26 Economic Development 39201 Transfers from Other Funds $0.00 $0.00 $0.00 FUND 150 Economic Development $130,595.00 $545.19 $545.19 FUND 157 TIF 2 -1 Millstream TIF 2 -1 Millstream 31050 Tax Increment $0.00 $0.00 $0.00 TIF 2 -1 Millstream 33404 Market Value Credit $0.00 $0.00 $0.00 TIF 2 -1 Millstream 36210 Interest Earnings $0.00 $72.91 $72.91 FUND 157 TIF 2 -1 Millstream $0.00 $72.91 $72.91 FUND 158 TIF 2 -2 Meat Market TIF 2 -2 Meat Market 31050 Tax Increment $0.00 $0.00 $0.00 TIF 2 -2 Meat Market 36210 Interest Earnings $0.00 $2.36 $2.36 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 $2.36 $2.36 FUND 250 Revolving Loan Fund Revolving Loan Fund 36210 Interest Earnings $300.00 $120.24 $120.24 Revolving Loan Fund 39320 Revolving Loan Principal $7,095.00 $600.96 $600.96 Revolving Loan Fund 39321 Revolving Loan Interest $985.00 $72.59 $72.59 Revolving Loan Fund 39322 Revolving Loan Origination $0.00 $0.00 $0.00 FUND 250 Revolving Loan Fund $8,380.00 $793.79 $793.79 $138,975.00 $1,414.25 $1,414.25 B m Q � p o W N N C L m a) a � N C E a! d p O C -0 a0 a0.. 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