HomeMy WebLinkAbout[05] Accounts Payable and Financial Reports : " CITY OF ST. JOSEPH
www.cityof stioseph.com
DATE: May 21,2014
MEMO TO: St.Joseph Economic Development Authority
FROM: Cynthia Smith-Strack Municipal Development Group
Administrator
Judy Weyrens RE: Accounts Payable
April 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. Apr. Econ. Dev. Service 150-46500-300 $ 2,982.44
Dale Wick $2,500 services$482.44 mileage
Total $ 2,982.44
EDA
Doug Danielson *Plus invoices noted on enclosed check register.
Steve Frank
Larry Hosch As of April 30, 2014 a total of 149.75 hours of service have been provided. Remaining balance
Gary Osberg for annual contract is 270.25 hours.
Dale Wick
Action:
A MOTION is in order to approve the Accounts Payable.
B. Financial Report:
April 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.
NOTE: At the previous meeting the EDA requested an update on the Small Cities Grant.
Thus far 17 property owners have had projects accepted. Just over $173,000 in grant
funds has been paid. An additional $200,000 is pending. This leaves approximately
$225,000 available for additional projects. All projects owner-occupied residential
rehabilitation.
INVOICE
MUNICIPAL DEVELOPMENT GROUP,INC.
25562 WILLOW LANE
NEW PRAGUE,MN 56071
952-758-7399 City of St. Joseph
FAX:952-758-3711 Attn: Judy Weyrens
staff@municipaldevelopmentgroup.com City Administrator
PO 668
St. Joseph, MN 56374
Invoice Date 05-10-14 Payment Terms: 30 days Customer ID#:
I
STJ14EDA
Project Apr. Economic Development Services
Amount: $2,500.00 Monthly contract fee
$ 482.44 861.50 miles x .56
$2,982.44
Code to: 150-46500-300 for general EDA
Remit To: Municipal Development Group, Inc.
25562 Willow Lane
New Prague, MN 56071
Dates-EDA Hours
April 2, 2014 EDA Office Hours: C. Strack 8.00 Hours
April 9, 2014 EDA Office Hours: C. Strack 7.50 Hours
April 16, 2014 EDA Office Hours: C. Strack 6.50 Hours
April 23, 2014 EDA Office Hours: C. Strack 9.00 Hours
April 30, 2014 EDA Office Hours: C. Strack 8.00 Hours
Total April 2014 39.00 Hours
Total Contract Hours April 30, 2014: 149.75 Hours
Thank you! We appreciated the opportunity to work with you!
Check No. Cynthia smith-S'frack
Date: Cynthia Smith-Strack,Principal MDG
St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
April 2014
Fund 150,EDA Balance as of December 31,2013 112,485.64
Year to Date Revenue:
Interest Earnings 844.09
DEED Housing Grant Proceeds 100,308.00
Ad Valorem Taxes -
Total Revenue 101,152.09
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 (7,669.75)
Legal/Engineering Fees (76.50)
Telephone (207.55)
Greater St. Cloud Development Investment (5,000.00)
Business Round Table Outreach -
Marketing -
Advertising -
Coborn's Abatement -
CM Housing Grant Reimbursement (92,358.00)
EDA Programs (6,141.61)
Total Expenses (111,975.74)
Fund Summaries as of April 30, 2014:
EDA Fund Balance-Fund 150-unaudited 101,661.99
Designated for Capital Programs 63,348.54
Designated for DEED Housing Projects 15,368.57
Undesignated 22,944.88
TIF 2-1 Millstream Shops and Lofts Fund Balance- Fund 157 14,234.02
TIF 2-2 St.Joseph Meat Market Fund Balance- Fund 158 (463.37)
Revolving Loan Fund Balance-Fund 250 33,770.51
**Detail available upon request
STJOSEPH, MN
Current Period:April 2014
YTD YTD Current
FUND Olscr Account Descr Begin Yr Debit Credit Balance
FUND 150 Economic Development
Economic Development G 150-10100 Cash $116,317.66 $101,754.07 $116,909.74 $101,161.99
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 $116,959.49 $106,135.84 -$64,510.42
FUND 150 Economic Development $0.00 $225,609.51 $225,609.51 $0.00
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream G 157-10100 Cash $14,115.17 $118.85 $0.00 $14,234.02
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 Govt 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 $118.85 -$14,234.02
FUND 157 TIF 2-1 Millstream $0.00 $123.41 $123.41 $0.00
FUND 158 TIF 2-2 Meat Market
TIF 2-2 Meat Market G 158-10100 Cash $34.13 $2.50 $0.00 $36.63
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 $2.50 $463.37
FUND 158 TIF 2-2 Meat Market $0.00 $2.57 $2.57 $0.00
FUND 250 Revolving Loan Fund
Revolving Loan Fund G 250-10100 Cash $30,853.05 $2,917.46 $0.00 $33,770.51
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 $2,917.46 -$33,770.51
FUND 250 Revolving Loan Fund $0.00 $31,961.45 $31,961.45 $0.00
$0.00 $257,696.94 $257,696.94 $0.00
STJOSEPH, MN
EDA Check Register
CHECK
# Search Name Comments FUND DEPART Amount
047787 BRAND BUILT HOMES,INC. CDAP rehab loan-Kuschel 150 46500 $9,000.00
047790 CENTURYLINK T1 line/20 sets 229#'s-Ap 150 46500 $61.53
047791 CENTURYLINK BUSINESS SERVICES long distance telephone March 150 46500 $3.97
047824 MUNICIPAL DEVELOPMENT CORP Mar-BFA loans 150 46500 $70.75
047824 MUNICIPAL DEVELOPMENT CORP Mar-mtgs w/qualified projects 150 46500 $330.78
047824 MUNICIPAL DEVELOPMENT CORP Mar-website 150 46500 $141.81
047824 MUNICIPAL DEVELOPMENT CORP Mar-business retention 150 46500 $2,007.97
047824 MUNICIPAL DEVELOPMENT CORP Mar-organizational developme 150 46500 $472.29
$12,089.10
STJOSEPH, MN
EDA Revenue Report
Current Period:April 2014
2014 April 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 $16,950.00 $100,308.00
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 $131.13 $844.09
Economic Development 39201 Transfers from Other Funds $0.00 $0.00 $0.00
FUND 150 Economic Development $130,595.00 $17,081.13 $101,152.09
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 $18.19 $114.29
FUND 157 TIF 2-1 Millstream $0.00 $18.19 $114.29
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 $2.43
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 $2.43
FUND 250 Revolving Loan Fund
Revolving Loan Fund 36210 Interest Earnings $300.00 $41.44 $214.50
Revolving Loan Fund 39320 Revolving Loan Principal $7,095.00 $605.48 $2,412.86
Revolving Loan Fund 39321 Revolving Loan Interest $985.00 $68.07 $281.34
Revolving Loan Fund 39322 Revolving Loan Origination $0.00 $0.00 $0.00
FUND 250 Revolving Loan Fund $8,380.00 $714.99 $2,908.70
$138,975.00 $17,814.36 $104,177.51
STJOSEPH, MN
EDA Expenditure Report
Current Period:April 2014
2014 April 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 $2,622.07 $7,669.75
E 150-46500-303 Engineering Fee $2,000.00 $0.00 $76.50
E 150-46500-304 Legal Fees $1,000.00 $0.00 $0.00
E 150-46500-321 Telephone $785.00 $65.50 $207.55
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 at 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 $9,401.53 $98,499.61
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 $12,089.10 $111,975.74
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
STJOSEPH, MN
EDA Expenditure Report
Current Period:April 2014
2014 April 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 $12,089.10 $111,975.74
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