HomeMy WebLinkAbout[07a] Accounts Payable & Financial Report !! CITY OF ST. JOSEPH
www.cityoistioseph.com
DATE: January 17,2015
MEMO TO: St. Joseph Economic Development Authority
FROM: Cynthia Smith-Strack Municipal Development Group
Administrator
Judy Weyrens RE: Accounts Payable
Dec. Financial Reports
Mayor
Rick Schultz
A. Accounts Payable:
Councilors Following are Accounts Payable for the EDA's Consideration.
Matt Killam
Bob Loso Payable To For Fund Amount
Renee Symanietz MDG, Inc. Dec 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.
Larry Bosch
Gary Osberg As of December 31, 2014 a total of 440.75 hours of service have been provided. Balance
Rick Schultz forward of 20.75 hours.
Dale Wick
Action:
A MOTION is in order to approve the Accounts Payable.
B. Financial Report:
December 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.
1
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
staffemunicipaldevelopmentgroup.com City Administrator
PO 668
St. Joseph, MN 56374
Invoice Date 12-10-14 Payment Terms: 30 days Customer ID#:
STJT 5EDA
Project Nov 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
December 3, 2014 EDA Office Hours: C. Strack 7.50 Hours
December 10, 2014 EDA Office Hours: C. Strack 7.50 Hours
December 17, 2014 EDA Office Hours: C. Strack 9.00 Hours
December 23, 2014 EDA Office Hours: C. Strack 7.50 Hours
December 29, 2014 EDA Office Hours: C. Strack 7.25 Hours
Total December 2014 38.75 Hours
Total Contract Hours December 31, 2014: 440.75 Hours
Thank you! We appreciated the opportunity to work with you!
Check No. C3ntI is &mit4-Strack
Date: Cynthia Smith-Strack,Principal MDG
St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
December 2014
Fund 150, EDA Balance as of December 31, 2013 112,485.64
Year to Date Revenue:
Interest Earnings 1,751.76
TIF/MIF Deposit 16,751.78
DEED Housing Grant Proceeds 271,636.00
Ad Valorem Taxes 69,947.38
Total Revenue 360,086.92
Year to Date Expenditure Total by Project:
Market Development 4,187.66 **
Business Development 22,776.02 **
Organizational Development 4,282.26 **
Infrastructure Development 110.10 **
Workforce Development - **
31,356.04
Year to Date Expenditures by Object:
Board Stipends (350.00)
Staff Salaries -
Workers Comp Premium (3.57)
Software Support/Office Supplies (547.61)
Municipal Development Group (25,985.86)
Legal/Engineering Fees (1,257.56)
Telephone (883.79)
Greater St. Cloud Development Investment (5,000.00)
Business Round Table Outreach (50.00)
Marketing -
Advertising (79.38)
Coborn's Abatement (50,000.00)
CM Housing Grant Reimbursement (286,636.00)
EDA Programs (17,138.38)
Total Expenses (387,932.15)
Fund Summaries as of December 31, 2014:
EDA Fund Balance- Fund 150-unaudited 84,640.41
Designated for Capital Programs 54,107.71
Designated for DEED Housing Projects 368.57
Undesignated 30,164.13
TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 157 17,945.37
TIF 2-2 St.Joseph Meat Market Fund Balance- Fund 158 (381.93)
Revolving Loan Fund Balance - Fund 250 39,420.83
**Detail available upon request
,./\,,,,,;),KA,,,Ai CITY OF ST. JOSEPH
EDA Balance Sheet
Current Period:December 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 $379,207.64 $411,384.89 $84,140.41
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 Inflow of Resources -$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 $411,434.64 $383,589.41 -$47,488.84
FUND 150 Economic Development $0.00 $797,538.23 $797,538.23 $0.00
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream G 157-10100 Cash $14,115.17 $37,316.14 $33,485.94 $17,945.37
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 $33,490.50 $37,316.14 -$17,945.37
FUND 157 TIF 2-1 Millstream $0.00 $70,806.64 $70,806.64 $0.00
FUND 158 TIF 2-2 Meat Market
TIF 2-2 Meat Market G 158-10100 Cash $34.13 $4,031.32 $3,947.38 $118.07
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 $3,947.45 $4,031.32 $381.93
FUND 158 TIF 2-2 Meat Market $0.00 $7,978.77 $7,978.77 $0.00
FUND 250 Revolving Loan Fund
Revolving Loan Fund G 250-10100 Cash $30,853.05 $8,576.55 $8.77 $39,420.83
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 Inflow of Resources -$29,035.23 $29,035.23 $0.00 $0.00
Revolving Loan Fund G 250-25310 Appropriated Fund Balance -$30,861.81 $17.53 $8,576.55 -$39,420.83
FUND 250 Revolving Loan Fund $0.00 $37,629.31 $37,629.31 $0.00
$0.00 $913,952.95 $913,952.95 $0.00
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onAtikkA-ilf‘I. CITY OF ST. JOSEPH
EDA Revenue Report
Current Period:December 2014
2014 December 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 $67.70 $69,947.38
Economic Development 33160 Federal Grants-Other $0.00 $47,375.00 $271,636.00
Economic Development 34150 TIF/MIF Deposit $0.00 $0.00 $16,751.78
Economic Development 34200 DEED Housing Reimbursem $0.00 $0.00 $0.00
Economic Development 36210 Interest Earnings $500.00 $51.24 $1,751.76
Economic Development 39201 Transfers from Other Funds $0.00 $0.00 $0.00
FUND 150 Economic Development $130,595.00 $47,493.94 $360,086.92
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream 31050 Tax Increment $0.00 $14,941.44 $37,066.72
TIF 2-1 Millstream 33404 Market Value Credit $0.00 $0.00 $0.00
TIF 2-1 Millstream 36210 Interest Earnings $0.00 $5.46 $240.25
FUND 157 TIF 2-1 Millstream $0.00 $14,946.90 $37,306.97
FUND 158 TIF 2-2 Meat Market
TIF 2-2 Meat Market 31050 Tax Increment $0.00 $2,015.71 $4,027.37
TIF 2-2 Meat Market 36210 Interest Earnings $0.00 $0.00 $3.80
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 $2,015.71 $4,031.17
FUND 250 Revolving Loan Fund
Revolving Loan Fund 36210 Interest Earnings $300.00 $12.66 $476.42
Revolving Loan Fund 39320 Revolving Loan Principal $7,095.00 $617.69 $7,311.53
Revolving Loan Fund 39321 Revolving Loan Interest $985.00 $55.86 $771.07
Revolving Loan Fund 39322 Revolving Loan Origination $0.00 $0.00 $0.00
FUND 250 Revolving Loan Fund $8,380.00 $686.21 $8,559.02
$138,975.00 $65,142.76 $409,984.08
1/
fiLS)skA,--' CITY OF ST. JOSEPH
EDA Expenditure Report
Current Period:December 2014
2014 December 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 $350.00 $350.00
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 150-46500-125 Medicare Contributions $0.00 $0.00 $0.00
E 150-46500-151 Workers Comp.Insur. Prem. $10.00 $0.00 $3.57
E 150-46500-200 Office Supplies $500.00 $0.00 $25.28
E 150-46500-215 Software Support $540.00 $0.00 $522.33
E 150-46500-300 Professional Services $28,000.00 $1,895.20 $25,985.86
E 150-46500-303 Engineering Fee $2,000.00 $247.46 $434.06
E 150-46500-304 Legal Fees $1,000.00 $823.50 $823.50
E 150-46500-321 Telephone $785.00 $122.24 $883.79
E 150-46500-322 Postage $350.00 $0.00 $0.00
E 150-46500-328 Marketing $3,000.00 $0.00 $50.00
E 150-46500-331 Travel&Conference Expense $150.00 $0.00 $0.00
E 150-46500-340 Advertising $500.00 $0.00 $79.38
E 150-46500-433 Dues&Memberships $5,000.00 $0.00 $5,000.00
E 150-46500-582 Computer Software $0.00 $0.00 $0.00
E 150-46500-588 EDA Programs $33,500.00 $51,503.40 $303,774.38
E 150-46500-622 TIF/Abatement Payments $50,000.00 $50,000.00 $50,000.00
E 150-49300-720 Transfers to Other Funds $0.00 $0.00 $0.00
FUND 150 Economic Development $130,595.00 $104,941.80 $387,932.15
FUND 157 TIF 2-1 Millstream
E 157-46500-101 Salaries $0.00 $0.00 $55.98
E 157-46500-121 PERA Contributions $0.00 $0.00 $4.06
E 157-46500-122 FICA Contributions $0.00 $0.00 $3.01
E 157-46500-123 Deferred Comp-Employer $0.00 $0.00 $0.94
E 157-46500-125 Medicare Contributions $0.00 $0.00 $0.70
E 157-46500-131 Health Insurance $0.00 $0.00 $9.15
E 157-46500-132 Dental Insurance $0.00 $0.00 $1.55
E 157-46500-133 Life Insurance $0.00 $0.00 $0.12
E 157-46500-134 Disabilty Insurance $0.00 $0.00 $0.77
E 157-46500-300 Professional Services $0.00 $0.00 $0.00
E 157-46500-340 Advertising $0.00 $0.00 $45.00
E 157-46500-622 TIF/Abatement Payments $0.00 $13,447.30 $33,360.05
E 157-49300-720 Transfers to Other Funds $0.00 $0.00 $0.00
FUND 157 TIF 2-1 Millstream $0.00 $13,447.30 $33,481.33
FUND 158 TIF 2-2 Meat Market
E 158-46500-101 Salaries $0.00 $0.00 $55.98
E 158-46500-121 PERA Contributions $0.00 $0.00 $4.06
E 158-46500-122 FICA Contributions $0.00 $0.00 $3.02
E 158-46500-123 Deferred Comp-Employer $0.00 $0.00 $0.94
E 158-46500-125 Medicare Contributions $0.00 $0.00 $0.71
E 158-46500-131 Health Insurance $0.00 $0.00 $9.15
E 158-46500-132 Dental Insurance $0.00 $0.00 $1.55
E 158-46500-133 Life Insurance $0.00 $0.00 $0.13
E 158-46500-134 Disabilty Insurance $0.00 $0.00 $0.77
E 158-46500-300 Professional Services $0.00 $0.00 $0.00
E 158-46500-340 Advertising $0.00 $0.00 $45.00
E 158-46500-622 TIF/Abatement Payments $0.00 $1,914.92 $3,825.99
FUND 158 TIF 2-2 Meat Market $0.00 $1,914.92 $3,947.30
/J7
EDA Expenditure Report
Current Period:December 2014
2014 December 2014
Account Descr YTD Budget 2014 Amt YTD Amt
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 $120,304.02 $425,360.78
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pAtA.SZKA-- CITY OF ST. JOSEPH
CHECK
# Search Name Comments FUND DEPART Amount
048630 JOVANOVICH,KADLEC&ATHMANN move Parkway from 11 to 150- 150 46500 $54.00
048665 CENTURYLINK BUSINESS SERVICES long distance telephone Nov 150 46500 $3.64
048685 CENTRAL MN HOUSING PARTNERSHIP DEED grant admin draw#18 150 46500 $9,375.00
048686 CENTURYLINK T1 line/20 sets 229#'s-11/28- 150 46500 $61.93
048697 PHILLIPP CONSTRUCTION CDAP Draw#18 partial,DEED 150 46500 $2,533.00
048697 PHILLIPP CONSTRUCTION CDAP Draw#18 partial,DEED 150 46500 $3,000.00
048700 SCHWEGEL COMMUNICATIONS INC change IP phone settings 150 46500 $56.67
048708 COBORN S INC 2014 Abatement payment 150 46500 $50,000.00
048716 JOVANOVICH,KADLEC&ATHMANN Nov Parkway Business Center 150 46500 $769.50
048721 MINNWEST BANK 2nd half TIF 2-1 payment Mills 157 46500 $13,447.30
048725 PFANNENSTEIN,HARVEY&CAROL 2nd half TIF 2-2 payment 158 46500 $1,914.92
048764 BRAND BUILT HOMES,INC. DEED grant draw 19-Anderso 150 46500 $18,000.00
048774 MUNICIPAL DEVELOPMENT CORP Nov Mtgs w/qualified projects 150 46500 $361.92
048774 MUNICIPAL DEVELOPMENT CORP Nov website 150 46500 $42.63
048774 MUNICIPAL DEVELOPMENT CORP Nov business retention 150 46500 $1,086.09
048774 MUNICIPAL DEVELOPMENT CORP Nov organizational developme 150 46500 $766.48
048774 MUNICIPAL DEVELOPMENT CORP Nov TIF 150 46500 $766.48
048777 OSBERG,GARY 2014 EDA mtgs 150 46500 $350.00
048779 PHILLIPP CONSTRUCTION DEED grant draw 19-Loehlien 150 46500 $17,467.00
048781 SEH,INC Nov Parkway Business Center 150 46500 $247.46
$120,304.02
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