HomeMy WebLinkAbout[05] Accounts Payable & Financial Report CITY OF ST. JOSEPH
www.cityof stjoseph.com
DATE: April 16,2014
MEMO TO: St.Joseph Economic Development Authority
FROM: Cynthia Smith-Strack Municipal Development Group
Administrator
Judy Weyrens RE: Accounts Payable
March 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. Mar. Econ. Dev. Service 150-46500-300 $ 3,023.60
Dale Wick $2,500 services,$523.60 mileage
Total $ 3,023.60
EDA
Doug Danielson *Plus invoices noted on enclosed check register.
Steve Frank
Larry Bosch As of March 31, 2014 a total of 110.75 hours of service have been provided. Remaining
Gary Osberg balance for annual contract is 309.25 hours.
Dale Wick
Action:
A MOTION is in order to approve the Accounts Payable.
B.Financial Report:
March 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.
6•6
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@municipaldevelopmentgroup.com City Administrator
PO 668
St. Joseph, MN 56374
Invoice Date 04-10-14 Payment Terms: 30 days ,Customer ID#:
STJ14EDA
Project Mar. Economic Development Services
Amount: $2,500.00 Monthly contract fee
$ 523.60 935 miles x .56
$3,023.60
Code to: 150-46500-300 for general EDA
Remit To: Municipal Development Group, Inc.
25562 Willow Lane
New Prague, MN 56071
Dates-EDA Hours
March 5, 2014 EDA Office Hours: C. Strack 8.00 Hours
March 6, 2014 EDA Office Hours: C. Strack 1.00 Hours
March 12, 2014 EDA Office Hours: C. Strack 8.00 Hours
March 19, 2014 EDA Office Hours: C. Strack 6.00 Hours
March 26, 2014 EDA Office Hours: C. Strack 9.00 Hours
Total March 2014 32.00 Hours
Total Contract Hours March 31, 2014: 110.75 Hours
Thank you! We appreciated the opportunity to work with you!
Check No. &r z € c —
Date: Cynthia Smith-Strack,Principal MDG
St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
March 2014
Fund 150, EDA Balance as of December 31, 2013 (Audited) 112,485.64
Year to Date Revenue:
Interest Earnings 712.96
DEED Housing Grant Proceeds 83,358.00
Ad Valorem Taxes -
Total Revenue 84,070.96
Year to Date Expenditure Total by Project:
Market Development 6,102.58 **
Business Development 3,056.14 **
Organizational Development 1,705.54 **
Infrastructure Development - **
Workforce Development - _ **
10,864.26
Year to Date Expenditures by Object:
Board Stipends -
Staff Salaries -
Workers Comp Premium -
Software Support (522.33)
Municipal Development Group (5,047.68)
Legal/Engineering Fees (76.50)
Telephone (142.05)
Greater St. Cloud Development Investment (5,000.00)
Business Round Table Outreach -
Marketing -
Advertising -
Coborn's Abatement -
CM Housing Grant Reimbursement (83,358.00)
EDA Programs (5,740.08)
Total Expenses (99,886.64)
Fund Summaries as of March 31,2014:
EDA Fund Balance- Fund 150 - unaudited 96,669.96
Designated for Capital Programs 63,673.57
Designated for DEED Housing Projects 15,368.57
Undesignated 17,627.82
TIF 2-1 Millstream Shops and Lofts Fund Balance- Fund 157 14,215.83
TIF 2-2 St.Joseph Meat Market Fund Balance- Fund 158 (463.42)
Revolving Loan Fund Balance- Fund 250 33,055.52
**Detail available upon request
CITY OF ST. JOSEPH 04/07/14 1:59 PM
Page 1
EDA Balance Sheet
Current Period:March 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 $84,672.94 $104,820.64 $96,169.96
Economic Development G 150-10450 Interest Receivable $32.82 $0.00 $32.82 $0.00
Economic Development G 150-10700 Taxes Receivable-Delinquen $1,961.95 $0.00 $1,961.95 $0.00
Economic Development G 150-13113 Due From other Govt Units $569.16 $0.00 $569.16 $0.00
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 $4,934.00 $0.00 $0.00
Economic Development G 150-22204 Deferred Revenue -$1,961.95 $1,961.95 $0.00 $0.00
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 $104,870.39 $89,054.71 -$59,518.39
FUND 150 Economic Development $0.00 $196,439.28 $196,439.28 $0.00
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream G 157-10100 Cash $14,115.17 $100.66 $0.00 $14,215.83
TIF 2-1 Millstream G 157-10450 Interest Receivable $4.56 $0.00 $4.56 $0.00
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 $4.56 $100.66 -$14,215.83
FUND 157 TIF 2-1 Millstream $0.00 $105.22 $105.22 $0.00
FUND 158 TIF 2-2 Meat Market
TIF 2-2 Meat Market G 158-10100 Cash $34.13 $2.45 $0.00 $36.58
TIF 2-2 Meat Market G 158-10450 Interest Receivable $0.07 $0.00 $0.07 $0.00
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 $0.07 $2.45 $463.42
FUND 158 TIF 2-2 Meat Market $0.00 $2.52 $2.52 $0.00
FUND 250 Revolving Loan Fund
Revolving Loan Fund G 250-10100 Cash $30,853.05 $2,202.47 $0.00 $33,055.52
Revolving Loan Fund G 250-10450 Interest Receivable $8.76 $0.00 $8.76 $0.00
Revolving Loan Fund G 250-11900 Notes Receivable $29,035.23 $0.00 $29,035.23 $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 -$29,035.23 $29,035.23 $0.00 $0.00
Revolving Loan Fund G 250-25310 Appropriated Fund Balance -$30,861.81 $8.76 $2,202.47 -$33,055.52
FUND 250 Revolving Loan Fund $0.00 $31,246.46 $31,246.46 $0.00
$0.00 $227,793.48 $227,793.48 $0.00
CITY OF ST. JOSEPH 04/07/142:00 PM
Page 1
EDA Expenditure Report
Current Period:March 2014
2014 March 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 $0.00 $522.33
E 150-46500-300 Professional Services $28,000.00 $2,428.80 $5,047.68
E 150-46500-303 Engineering Fee $2,000.00 $76.50 $76.50
E 150-46500-304 Legal Fees $1,000.00 $0.00 $0.00
E 150-46500-321 Telephone $785.00 $65.14 $142.05
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 $76,238.08 $89,098.08
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 $78,808.52 $99,886.64
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
CITY OF ST. JOSEPH 04/07/14 2:00 PM
Page 2
EDA Expenditure Report
Current Period:March 2014
2014 March 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 $78,808.52 $99,886.64
CITY OF ST. JOSEPH 04/07/14 2:00 PM
Page 1
EDA Revenue Report
Current Period:March 2014
2014 March 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 $0.00
Economic Development 33160 Federal Grants-Other $0.00 $70,498.00 $83,358.00
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 $125.51 $712.96
Economic Development 39201 Transfers from Other Funds $0.00 $0.00 $0.00
FUND 150 Economic Development $130,595.00 $70,623.51 $84,070.96
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 $16.30 $96.10
FUND 157 TIF 2-1 Millstream $0.00 $16.30 $96.10
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 $0.05 $2.38
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 $0.05 $2.38
FUND 250 Revolving Loan Fund
Revolving Loan Fund 36210 Interest Earnings $300.00 $36.37 $173.06
Revolving Loan Fund 39320 Revolving Loan Prindpal $7,095.00 $603.96 $1,807.38
Revolving Loan Fund 39321 Revolving Loan Interest $985.00 $69.59 $213.27
Revolving Loan Fund 39322 Revolving Loan Origination $0.00 $0.00 $0.00
FUND 250 Revolving Loan Fund $8,380.00 $709.92 $2,193.71
$138,975.00 $71,349.78 $86,363.15
CITY OF ST. JOSEPH 04/07/14 1:59 PM
Page 1
EDA Check Register
CHECK
Search Name Comments FUND DEPART Amount
047667 LHR HOSPITALITY MANAGEMENT deposit-I94 hotel market stud 150 46500 $5,250.00
047680 CENTURYLINK T1 line/20 sets 229#'s-Mar 150 46500 $61.53
047681 CENTURYLINK BUSINESS SERVICES long distance telephone FEB 150 46500 $3.61
047720 MUNICIPAL DEVELOPMENT CORP Feb EDA-meetings w/qualified 150 46500 $490.08
047720 MUNICIPAL DEVELOPMENT CORP Feb EDA-business retention 150 46500 $1,871.59
047720 MUNICIPAL DEVELOPMENT CORP Feb EDA-organizational develo 150 46500 $557.21
047732 CENTRAL MN HOUSING PARTNERSHIP CDAP draw#6 March admin fe 150 46500 $9,375.00
047741 PHILLIPP CONSTRUCTION CDAP draw#5 Schmotzer 150 46500 $9,000.00
047744 TONYS LIFETIME EXTERIORS CDAP draw#5 Kellner 150 46500 $19,939.00
047744 TONYS LIFETIME EXTERIORS CDAP draw#6 Bruno/Hoesche 150 46500 $32,184.00
047781 SEH,INC Feb EAW report for EDA 150 46500 $76.50
$78,808.52
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