HomeMy WebLinkAbout[05] Accounts Payable & Financial Report •
CITY OF ST. JOSEPH
wwv.cityof stjoseph.com
DATE: March 19,2014
MEMO TO: St.Joseph Economic Development Authority
FROM: Cynthia Smith-Strack Municipal Development Group
Administrator
Judy Weyrens RE: Accounts Payable
February 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. Feb. Econ. Dev. Service 150-46500-300 $ 2,918.88
Dale Wick $2,500 services, $418.88 mileage
Total $ 2,918.88
EDA
Doug Danielson *Plus invoices noted on enclosed check register.
Steve Frank
Larry Hosch As of February 28, 2014 a total of 78.75 hours of service have been provided. Remaining
Gary Osberg balance for annual contract is 341.25 hours.
Dale Wick
Action:
A MOTION is in order to approve the Accounts Payable.
B. Financial Report:
February 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.
q
6.4 INVOICE
MUNICIPAL DEVELOPMENT GROUP,INC.
25562 WILLOW LANE
NEW PRAGUE,MN 56071 City of St. Joseph
952-758-7399
FAX:952-758-3711 Attn: Judy Weyrens
staff @municipaideveiopmentgroup.com City Administrator
PO 668
St. Joseph, MN 56374
Invoice Date 03-10-14 'Payment Terms: 30 days Customer ID#:
STJ 14EDA
Project Feb. Economic Development Services
Amount: $2,500.00 Monthly contract fee
$ 418.88 748 miles x .56
$2,918.88
Code to: 150-46500-300 for general EDA
Remit To: Municipal Development Group, Inc.
25562 Willow Lane
New Prague, MN 56071
Dates-EDA Hours
February 5, 2014 EDA Office Hours: C. Strack 8.00 Hours
February 12, 2014 EDA Office Hours: C. Strack 9.25 Hours
February 19, 2014 EDA Office Hours: C. Strack 7.00 Hours
February 23, 2014 C. Strack, MDG Office 1.00 Hours
February 26, 2014 EDA Office Hours: C. Strack 7.50 Hours
Total February 2014 32.75 Hours
Total Contract Hours February 28, 2014: 78.75 Hours
Thank you! We appreciated the opportunity to work with you!
Check No. Claditio, Sera-c5f6aci
Date: Cynthia Smith-Strack,Principal MDG
St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
February 2014
Fund 150,EDA Balance as of December 31,2013(unaudited) 112,485.64
Year to Date Revenue:
Interest Earnings 620.27
DEED Housing Grant Proceeds 12,860.00
Ad Valorem Taxes 16.93
Total Revenue 13,497.20
Year to Date Expenditure Total by Project:
Market Development 1,487.10 **
Business Development 1,587.40 **
Organizational Development 2,272.66 **
Infrastructure Development - **
Workforce Development - **
5,347.16
Year to Date Expenditures by Object:
Board Stipends (770.00)
Staff Salaries -
Workers Comp Premium -
Software Support (522.33)
Municipal Development Group (4,185.74)
Legal/Engineering Fees -
Telephone (177.63)
Greater St.Cloud Development Investment (5,000.00)
Business Round Table Outreach -
Marketing -
Advertising -
Coborn's Abatement -
CM Housing Grant Reimbursement (13,305.00)
EDA Programs (2,051.42)
Total Expenses (26,012.12)
Fund Summaries as of February 28,2014:
EDA Fund Balance-Fund 150-unaudited 99,970.72
Designated for Capital Programs 69,490.15
Designated for DEED Housing Projects 15,368.57
Undesignated 15,112.00
TIF 2-1 Millstream Shops and Lofts Fund Balance- Fund 157 14,204.09
TIF 2-2 St.Joseph Meat Market Fund Balance- Fund 158 (463.40)
Revolving Loan Fund Balance-Fund 250 32,354.36
**Detail available upon request
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CITY OF ST. JOSEPH 03/06/14 9:20 AM
EDA Balance Sheet Page 1
Current Period:February 2014
YTD YTD Current
FUND Descr Account Descr Begin Yr Debit Credit Balance
FUND 150 Economic Development
Economic Development G 150-10100 Cash $116,317.66 $13,497.20 $26,012.12 $103,802.74
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 Govt 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 -$4,934.00 $0.00 $0.00 -$4,934.00
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 -$37,151.57 $0.00 $0.00 -$37,151.57
Economic Development G 150-25310 Appropriated Fund Balance -$75,334.07 $26,012.12 $13,497.20 -$62,819.15
FUND 150 Economic Development $0.00 $39,509.32 $39,509.32 $0.00
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream G 157-10100 Cash $14,115.17 $84.36 $0.00 $14,199.53
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 $84.36 -$14,204.09
FUND 157 TIF 2-1 Millstream $0.00 $84.36 $84.36 $0.00
FUND 158 TIF 2-2 Meat Market
TIF 2-2 Meat Market G 158-10100 Cash $34.13 $2.40 $0.00 $36.53
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 $2.40 $463.40
FUND 158 TIF 2-2 Meat Market $0.00 $2.40 $2.40 $0.00
FUND 250 Revolving Loan Fund
Revolving Loan Fund G 250-10100 Cash $30,853.05 $1,492.55 $0.00 $32,345.60
Revolving Loan Fund G 250-10450 Interest Receivable $8.76 $0.00 $0.00 $8.76
Revolving Loan Fund G 250-11900 Notes Receivable $29,035.23 $0.00 $0.00 $29,035.23
Revolving Loan Fund G 250-20200 Accounts Payable $0.00 $0.00 $0.00 $0.00
Revolving Loan Fund G 250-22204 Deferred Revenue -$29,035.23 $0.00 $0.00 -$29,035.23
Revolving Loan Fund G 250-25310 Appropriated Fund Balance -$30,861.81 $0.00 $1,492.55 -$32,354.36
FUND 250 Revolving Loan Fund $0.00 $1,492.55 $1,492.55 $0.00
$0.00 $41,088.63 $41,088.63 $0.00
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CITY OF ST. JOSEPH 03/06/14 9:20 AM
Page 1
EDA Expenditure Report
Current Period:February 2014
2014 February 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 $770.00 $770.00
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 $0.00 $522.33
E 150-46500-300 Professional Services $28,000.00 $2,618.88 $4,185.74
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 $61.53 $177.63
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 $0.00 $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 $12,860.00 $15,356.42
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 $16,310.41 $26,012.12
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
1.3
CITY OF ST. JOSEPH 03/06/14 9:20 AM
Page 2
EDA Expenditure Report
Current Period:February 2014
2014 February 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 $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
$130,595.00 $16,310.41 $26,012.12
/ /
CITY OF ST. JOSEPH 03/06/14 9:20 AM
Page 1
EDA Revenue Report
Current Period:February 2014
2014 February 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 $0.00 $16.93
Economic Development 33160 Federal Grants-Other $0.00 $12,860.00 $12,860.00
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 $92.01 $620.27
Economic Development 39201 Transfers from Other Funds $0.00 $0.00 $0.00
FUND 150 Economic Development $130,595.00 $12,952.01 $13,497.20
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 $11.45 $84.36
FUND 157 TIF 2-1 Millstream $0.00 $11.45 $84.36
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 $0.04 $2.40
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 $0.04 $2.40
FUND 250 Revolving Loan Fund
Revolving Loan Fund 36210 Interest Earnings $300.00 $25.21 $145.45
Revolving Loan Fund 39320 Revolving Loan Principal $7,095.00 $602.46 $1,203.42
Revolving Loan Fund 39321 Revolving Loan Interest $985.00 $71.09 $143.68
Revolving Loan Fund 39322 Revolving Loan Origination $0.00 $0.00 $0.00
FUND 250 Revolving Loan Fund $8,380.00 $698.76 $1,492.55
$138,975.00 $13,662.26 $15,076.51
/6.
CITY OF ST. JOSEPH 03/06/14 9:20 AM
Page 1
EDA Check Register
CHECK
# Search Name Comments FUND DEPART Amount
047590 CENTURYLINK T1 line/20 sets 229#'s 150 46500 $61.53
047591 DANIELSON,DOUG 2013 EDA meetings 150 46500 $385.00
047594 GOTTWALT&GWOST CONSTRUCTION CDAP grant windows/siding[St 150 46500 $11,970.00
047596 HOSCH,LARRY 2013 EDA meetings 150 46500 $385.00
047611 TRI-COUNTY ACTION PROGRAM INC CDAP grant reimburse[Malme 150 46500 $890.00
047626 MUNICIPAL DEVELOPMENT CORP Jan EDA website 150 46500 $60.50
047626 MUNICIPAL DEVELOPMENT CORP Jan EDA marketing materials 150 46500 $302.00
047626 MUNICIPAL DEVELOPMENT CORP Jan EDA business retention 150 46500 $1,108.05
047626 MUNICIPAL DEVELOPMENT CORP Jan EDA organization develop 150 46500 $1,148.33
$16,310.41
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