HomeMy WebLinkAbout[05a] Accounts Payable & Financial Report • CITY OF ST. JOSEPH
www.cityofstjoseph.com
DATE: October 17,2014
MEMO TO: St.Joseph Economic Development Authority
FROM: Cynthia Smith-Strack Municipal Development Group
Administrator
Judy Weyrens RE: Accounts Payable
Sept 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. Sept 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 Bosch As of September 30, 2014 a total of 315.75 hours of service have been provided. Remaining
Gary Osberg balance for annual contract is 104.25 hours.
Dale Wick
Action:
A MOTION is in order to approve the Accounts Payable.
B. Financial Report:
September 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 10-10-14 Payment Terms: 30 days Customer ID#:
STJ 14EDA
Project Sept Economic Development Services
Amount: $2,500.00 Monthly contract fee
$ 418.88 935 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
September 3, 2014 EDA Office Hours: C. Strack 8.00 Hours
September 10, 2014 EDA Office Hours: C. Strack 7.50 Hours
September 17, 2014 EDA Office Hours: C. Strack 8.50 Hours
September 24, 2014 EDA Office Hours: C. Strack 9.50 Hours
Total September 2014 33.50 Hours
Total Contract Hours September 30, 2014: 315.75 Hours
Thank you! We appreciated the opportunity to work with you!
Check No. C3ntIiia Smitti-Strack
Date: Cynthia Smith-Strack,Principal MDG
St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
June 2014
Fund 150, EDA Balance as of December 31,2013(Audited) 112,485.64
Year to Date Revenue:
Interest Earnings 1,090.48
DEED Housing Grant Proceeds 162,156.00
Ad Valorem Taxes _ 48,915.78
Total Revenue 212,162.26
Year to Date Expenditure Total by Project:
Market Development 7,251.30 **
Business Development 9,281.96 **
Organizational Development 2,379.44 **
Infrastructure Development - **
Workforce Development - **
18,912.70
Year to Date Expenditures by Object:
Board Stipends -
Staff Salaries -
Workers Comp Premium -
Software Support (522.33)
Municipal Development Group (12,585.98)
Legal/Engineering Fees (76.50)
Telephone (388.22)
Greater St. Cloud Development Investment (5,000.00)
Business Round Table Outreach -
Marketing -
Advertising (63.00)
Coborn's Abatement -
CM Housing Grant Reimbursement (171,093.00)
EDA Programs (9,273.82)
Total Expenses (199,002.85)
Fund Summaries as of June 30, 2014:
EDA Fund Balance -Fund 150-unaudited 125,645.05
Designated for Capital Programs 60,216.33
Designated for DEED Housing Projects 6,368.57
Undesignated 59,060.15
TIF 2-1 Millstream Shops and Lofts Fund Balance-Fund 157 29,711.98
TIF 2-2 St.Joseph Meat Market Fund Balance-Fund 158 899.90
Revolving Loan Fund Balance-Fund 250 35,199.85
**Detail available upon request
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EDA Revenue Report
Current Period:June 2014
2014 June 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 $48,915.78 $48,915.78
Economic Development 33160 Federal Grants-Other $0.00 $15,861.00 $162,156.00
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 $29.59 $1,090.48
Economic Development 39201 Transfers from Other Funds $0.00 $0.00 $0.00
FUND 150 Economic Development $130,595.00 $64,806.37 $212,162.26
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream 31050 Tax Increment $0.00 $15,487.70 $15,487.70
TIF 2-1 Millstream 33404 Market Value Credit $0.00 $0.00 $0.00
TIF 2-1 Millstream 36210 Interest Earnings $0.00 $4.56 $149.55
FUND 157 TIF 2-1 Millstream $0.00 $15,492.26 $15,637.25
FUND 158 TIF 2-2 Meat Market
TIF 2-2 Meat Market 31050 Tax Increment $0.00 $1,408.16 $1,408.16
TIF 2-2 Meat Market 36210 Interest Earnings $0.00 $0.02 $2.54
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 $1,408.18 $1,410.70
FUND 250 Revolving Loan Fund
Revolving Loan Fund 36210 Interest Earnings $300.00 $10.84 $296.74
Revolving Loan Fund 39320 Revolving Loan Principal $7,095.00 $308.30 $3,628.38
Revolving Loan Fund 39321 Revolving Loan Interest $985.00 $21.70 $412.92
Revolving Loan Fund 39322 Revolving Loan Origination $0.00 $0.00 $0.00
FUND 250 Revolving Loan Fund $8,380.00 $340.84 $4,338.04
$138,975.00 $82,047.65 $233,548.25
/C
STJOSEPH, MN
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EDA Expenditure Report
"`",itiwcP"""" Current Period:June 2014
2014 June 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 $2,507.31 $12,585.98
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 $68.09 $388.22
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 $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 $17,231.69 $180,366.82
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 $19,807.09 $199,002.85
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 $45.00 $45.00
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 $45.00 $45.00
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
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
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EDA Expenditure Report
Current Period:June 2014
2014 June 2014
Account Descr YTD Budget 2014 Amt YTD Amt
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 $45.00 $45.00
E 158-46500-622 TIF/Abatement Payments $0.00 $0.00 $0.00
FUND 158 TIF 2-2 Meat Market $0.00 $45.00 $45.00
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 $19,897.09 $199,092.85
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EDA Balance Sheet
Current Period:June 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 $212,772.00 $203,944.61 $125,145.05
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 $203,994.36 $217,153.77 -$88,493.48
FUND 150 Economic Development $0.00 $423,662.31 $423,662.31 $0.00
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream G 157-10100 Cash $14,115.17 $15,643.00 $46.19 $29,711.98
TIF 2-1 Millstream G 157-10450 Interest Receivable $4.56 $0.00 $4.56 $0.00
1112-1 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 $50.75 $15,643.00 -$29,711.98
FUND 157 TIF 2-1 Millstream $0.00 $15,693.75 $15,693.75 $0.00
FUND 158 TIF 2-2 Meat Market
TIF 2-2 Meat Market G 158-10100 Cash $34.13 $1,410.77 $45.00 $1,399.90
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 $45.07 $1,410.77 -$899.90
FUND 158 TIF 2-2 Meat Market $0.00 $1,455.84 $1,455.84 $0.00
FUND 250 Revolving Loan Fund
Revolving Loan Fund G 250-10100 Cash $30,853.05 $4,349.64 $2.84 $35,199.85
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 $11.60 $4,349.64 -$35,199.85
FUND 250 Revolving Loan Fund $0.00 $33,396.47 $33,396.47 $0.00
$0.00 $474,208.37 $474,208.37 $0.00
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JpL,PKl STJOSEPH, MN
CHECK
# Search Name Comments FUND DEPART Amount
048003 CENTURYLINK BUSINESS SERVICES May long distance telephone 150 46500 $3.13
048020 CENTURYLINK T1 line/20 sets 229#'s-June 150 46500 $61.54
048050 MUNICIPAL DEVELOPMENT CORP May BFA loans 150 46500 $21.88
048050 MUNICIPAL DEVELOPMENT CORP May mtgs w/qualified projects 150 46500 $348.81
048050 MUNICIPAL DEVELOPMENT CORP May website 150 46500 $130.95
048050 MUNICIPAL DEVELOPMENT CORP May business retention 150 46500 $2,027.55
048050 MUNICIPAL DEVELOPMENT CORP May organizational developme 150 46500 $348.81
048061 ST.JOSEPH NEWSLEADER,INC TIF report summary 158 46500 $45.00
048061 ST.JOSEPH NEWSLEADER,INC TIF report summary 157 46500 $45.00
048072 CENTURYLINK BUSINESS SERVICES long distance telephone-June 150 46500 $3.42
048087 MINNESOTA HOME IMPROVEMENTS CDAP draw#11-Staneart,Uph 150 46500 $15,300.00
048096 ST.JOSEPH LAUNDROMAT BFA Grant-Window install Sist 150 46500 $1,000.00
048098 TONYS LIFETIME EXTERIORS CDAP draw#11-Hoeschen 150 46500 $311.00
048100 TRI-COUNTY ACTION PROGRAM INC CDAP draw#11-Stamps 150 46500 $250.00
$19,897.09
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