HomeMy WebLinkAbout[05] Accounts Payable and Financial Reports fib
CITY OF ST. JOSEPH
vac cityof stjoseph.com
DATE: June 4, 2014
MEMO TO: St.Joseph Economic Development Authority
FROM: Cynthia Smith-Strack Municipal Development Group
Administrator
Judy Weyrens RE: Accounts Payable
May 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. May Econ. Dev. Service 150-46500-300 $ 2,877.72
Dale Wick $2,500 services$482.44 mileage
Total $ 2,877.72
EDA
Doug Danielson *Plus invoices noted on enclosed check register.
Steve Frank
Larry Hosch As of May 31, 2014 a total of 182.75 hours of service have been provided. Remaining balance
Gary Osberg for annual contract is 237.25 hours.
Dale Wick
Action:
A MOTION is in order to approve the Accounts Payable.
B. Financial Report:
May 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.
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 06-10-14 Payment Terms: 30 days Customer ID#:
STJI4EDA
Project May Economic Development Services
Amount: $2,500.00 Monthly contract fee
$ 377.72 675 miles x .56
$2,877.72
Code to: 150-46500-300 for general EDA
Remit To: Municipal Development Group, Inc.
25562 Willow Lane
New Prague, MN 56071
Dates-EDA Hours
May 7, 2014 EDA Office Hours: C. Strack 8.00 Hours
May 14, 2014 EDA Office Hours: C. Strack 8.00 Hours
May 21, 2014 EDA Office Hours: C. Strack 8.50 Hours
May 28, 2014 EDA Office Hours: C. Strack 8.50 Hours
Total May 2014 33.00 Hours
Total Contract Hours May 31, 2014: 182.75 Hours
Thank you! We appreciated the opportunity to work with you!
Check No. Cj/nttiia &nitI-Sitrack
Date: Cynthia Smith-Strack,Principal MDG
St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
May 2014
Fund 150, EDA Balance as of December 31,2013(Audited) 112,485.64
Year to Date Revenue:
Interest Earnings 1,060.89
DEED Housing Grant Proceeds 146,295.00
Ad Valorem Taxes -
Total Revenue 147,355.89
Year to Date Expenditure Total by Project:
Market Development 6,771.54 **
Business Development 6,232.53 **
Organizational Development 2,030.63 **
Infrastructure Development - **
Workforce Development - **
15,034.70
Year to Date Expenditures by Obiect:
Board Stipends -
Staff Salaries -
Workers Comp Premium -
Software Support (522.33)
Municipal Development Group (10,078.67)
Legal/Engineering Fees (76.50)
Telephone (320.13)
Greater St. Cloud Development Investment (5,000.00)
Business Round Table Outreach -
Marketing -
Advertising (63.00)
Coborn's Abatement -
CM Housing Grant Reimbursement (155,232.00)
EDA Programs (7,903.13)
Total Expenses (179,195.76)
Fund Summaries as of May 31, 2014:
EDA Fund Balance-Fund 150-unaudited 80,645.77 80645.77
Designated for Capital Programs 61,587.02
Designated for DEED Housing Projects 6,368.57
Undesignated 12,690.18
TIF 2-1 Millstream Shops and Lofts Fund Balance-Fund 157 14,264.72
TIF 2-2 St.Joseph Meat Market Fund Balance-Fund 158 (463.28)
Revolving Loan Fund Balance-Fund 250 34,859.01
**Detail available upon request
.7
STJOSEPH, MN
EDA Balance Sheet
Current Period:May 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 $147,957.87 $184,129.76 $80,145.77
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 $184,179.51 $152,339.64 -$43,494.20
FUND 150 Economic Development $0.00 $339,033.33 $339,033.33 $0.00
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream G 157-10100 Cash $14,115.17 $149.55 $0.00 $14,264.72
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 $149.55 -$14,264.72
FUND 157 TIF 2-1 Millstream $0.00 $154.11 $154.11 $0.00
FUND 158 TIF 2-2 Meat Market
TIF 2-2 Meat Market G 158-10100 Cash $34.13 $2.59 $0.00 $36.72
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 $2.59 $463.28
FUND 158 TIF 2-2 Meat Market $0.00 $2.66 $2.66 $0.00
FUND 250 Revolving Loan Fund
Revolving Loan Fund G 250-10100 Cash $30,853.05 $4,005.96 $0.00 $34,859.01
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 $4,005.96 -$34,859.01
FUND 250 Revolving Loan Fund $0.00 $33,049.95 $33,049.95 $0.00
$0.00 $372,240.05 $372,240.05 $0.00
5
STJOSEPH, MN
EDA Expenditure Report
Current Period:May 2014
2014 May 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 $2,408.92 $10,078.67
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 $112.58 $320.13
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 $63.00 $63.00
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 $64,635.52 $163,135.13
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 $67,220.02 $179,195.76
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
9
STJOSEPH, MN
EDA Expenditure Report
Current Period:May 2014
2014 May 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 $67,220.02 $179,195.76
1
STJOSEPH, MN
EDA Revenue Report
Current Period:May 2014
2014 May 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 $45,987.00 $146,295.00
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 $216.80 $1,060.89
Economic Development 39201 Transfers from Other Funds $0.00 $0.00 $0.00
FUND 150 Economic Development $130,595.00 $46,203.80 $147,355.89
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 $30.70 $144.99
FUND 157 TIF 2-1 Millstream $0.00 $30.70 $144.99
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 $0.09 $2.52
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 $0.09 $2.52
FUND 250 Revolving Loan Fund
Revolving Loan Fund 36210 Interest Earnings $300.00 $71.40 $285.90
Revolving Loan Fund 39320 Revolving Loan Principal $7,095.00 $907.22 $3,320.08
Revolving Loan Fund 39321 Revolving Loan Interest $985.00 $109.88 $391.22
Revolving Loan Fund 39322 Revolving Loan Origination $0.00 $0.00 $0.00
FUND 250 Revolving Loan Fund $8,380.00 $1,088.50 $3,997.20
$138,975.00 $47,323.09 $151,500.60
iI 1
STJOSEPH, MN
EDA Check Register
CHECK
# Search Name Comments FUND DEPART Amount
047879 BRAND BUILT HOMES,INC. DEED Reserve housing rehab- 150 46500 $3,000.00
047879 BRAND BUILT HOMES,INC. Draw#8 rehab grant-Kuschel 150 46500 $7,950.00
047880 CENTURYLINK T1 line/20 sets 229#'s 150 46500 $54.86
047881 CENTURYLINK BUSINESS SERVICES long distance telephone-Apr 150 46500 $7.36
047897 ST.JOSEPH NEWSLEADER,INC PH notice-Economic District 3 150 46500 $63.00
047908 BRAND BUILT HOMES,INC. draw#9 CDAP housing grant- 150 46500 $11,960.00
047908 BRAND BUILT HOMES,INC. DEED Reserve housing rehab- 150 46500 $3,000.00
047923 MINNESOTA HOME IMPROVEMENTS draw#9 CDAP housing grant- 150 46500 $5,425.00
047926 PHILLIPP CONSTRUCTION DEED Reserve housing rehab- 150 46500 $3,000.00
047926 PHILLIPP CONSTRUCTION draw#9 CDAP housing grant- 150 46500 $10,057.00
047932 TRI-COUNTY ACTION PROGRAM INC draw#9 CDAP housing grant- 150 46500 $445.00
047932 TRI-COUNTY ACTION PROGRAM INC draw#9 CDAP housing grant- 150 46500 $445.00
047937 CENTURYLINK T1 Line May 150 46500 $50.36
047948 SUNSET MFG CO.,INC. 15 flower brackets for light pol 150 46500 $1,125.00
047956 CENTRAL MN HOUSING PARTNERSHIP CDAP draw#10-admin fee 150 46500 $9,375.00
047959 GOTTWALT&GWOST CONSTRUCTION CDAP draw#10-Stamps 150 46500 $8,030.00
047974 TRI-COUNTY ACTION PROGRAM INC CDAP draw#10-Kuschel 150 46500 $250.00
047993 MUNICIPAL DEVELOPMENT CORP April EDA-business retention 150 46500 $1,988.39
047993 MUNICIPAL DEVELOPMENT CORP April EDA-mtgs w/qualified pro 150 46500 $573.52
047993 MUNICIPAL DEVELOPMENT CORP April EDA-organizational develo 150 46500 $325.09
047993 MUNICIPAL DEVELOPMENT CORP April EDA-website 150 46500 $95.44
$67,220.02
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