HomeMy WebLinkAbout[06] Accounts Payable & Financial Reports . CITY OF ST. JOS�PH
WWW.CttyO(stjoseph.com
DATE: June 2, 2015
MEMO TO: St.Joseph Economic Development Authority
FROM: Cynthia Smith-Strack Municipal Development Group
Administrator
Judy Weyrens RE: Accounts Payable
May 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. May Econ. Dev. Service 150-46500-300 $ 2,930.1Q
Dale Wick Total a 2,830.10
EDA *Plus invoices noted on enclosed check register.
Doug Danielson
Larry Hosch A5 of May 31, 2015 a totai of 190.50 hours of service have been provided.
Gary Osberg
Rick Schultz Action:
Dale wiok 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 Clty 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 6-10-15 Payment Terms: 30 days Customer ID#:
STJ 15EDA
Project May Economic Development Services
Amount: $2,500.00 Monthly contract fee
430.10 748 miles x .575
$2,930.10
Code to: 150-46500-300 for general EDA
Remit To: Municipal Development Group, Inc.
25562 Willow Lane
New Prague, MN 56071
Dates-EDA Hou
May 6, 2015 EDA Office Hours: C. Strack 8.00 Hou
May 13, 2015 EDA Office Hours: C.�Strack 7.50 Hou
May 20, 2015 EDA Office Hours: C. Strack 8.00 Hou
May 21, 2015 EDA Office Hours: C. Strack 1.00 Hou
May 27, 2015 EDA Office Hours: C. Strack 9.25 Hou
Total Ma 2015 33.75 Hou
Total Contract Hours May 31, 2015: 190.50 Hours
Thank youl We appreciafed the opportunity to work with youl
Check No. C�nfG�ia Smif�i-���'GiCk
D1te: Cyntlua Smith-Strack,Principal MDG
St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
May 2015
Fund 150, EDA Balance as of December 31, 2014(Audited)
103,522.49
Year to Date Revenue:
Interest Earnings822.74
TIF/MIF Deposit-
DEED Housing Grant Proceeds47,301.00
Ad Valorem Taxes-
Transfers from Other Funds9,134.00
Total Revenue57,257.74
Year to Date Expenditure Total by Project:
Market Developmen1,128.09
t**
Business Development3,609.45
**
Organizational Development1,272.24
**
Infrastructure Developmen534.60
t**
Workforce Development-
**
6,544.38
Year to Date Expenditures by Object:
Board Stipends-
Staff Salaries(1,493.79)
Workers Comp Premium-
Software Support/Office Supplies(554.47)
Municipal Development Group(11,353.07)
Legal/Engineering Fees(1,016.70)
Telephone(328.47)
Greater St. Cloud Development Investment(5,000.00)
Business Round Table Outreach-
Marketing(157.64)
Advertising(149.58)
Coborn's Abatement-
CM Housing Grant Reimbursement(44,301.00)
EDA Programs(2,512.69)
Transfer to Other Funds(7,951.00)
Total Expenses(74,818.41)
Fund Summaries as of May 31, 2015:
EDA Fund Balance - Fund 150 - unaudited
85,961.82
82,494.40
Designated for Capital Programs
368.57
Designated for DEED Housing Projects
3,098.85
Undesignated
TIF 3-1 Central MN Credit Union Fund Balance - Fund 152
(2,346.51)
TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 157
13,542.10
TIF 2-2 St. Joseph Meat Market Fund Balance - Fund 158
(411.58)
TIF 2-3 Bayou Blues & Alley Flats Fund Balance - Fund 159
(4,012.70)
Revolving Loan Fund Balance - Fund 250
4,899.06
** Detail available upon request
EDA Balance Sheet
Current Period: May 2015
YTDYTDCurrent
FUND DescrAccount DescrBegin YrDebitCreditBalance
FUND 150 Economic Development
Economic DevelopmentG 150-10100 Cash$109,443.65$67,656.98$91,638.81$85,461.82
Economic DevelopmentG 150-10450 Interest Receivable$215.50$0.00$215.50$0.00
Economic DevelopmentG 150-10700 Taxes Receivable - Delinquen$1,316.15$0.00$1,316.15$0.00
Economic DevelopmentG 150-13113 Due From other Gov t Units$0.00$0.00$0.00$0.00
Economic DevelopmentG 150-15500 Due From Other Fund$500.00$0.00$0.00$500.00
Economic DevelopmentG 150-20200 Accounts Payable-$6,601.63$6,601.63$0.00$0.00
Economic DevelopmentG 150-20201 Salaries Payable-$35.03$35.03$0.00$0.00
Economic DevelopmentG 150-22204 Deferred Inflow of Resources-$1,316.15$1,316.15$0.00$0.00
Economic DevelopmentG 150-24415 Design. Fd Bal - Capital Proj-$53,041.94$0.00$0.00-$53,041.94
Economic DevelopmentG 150-25310 Appropriated Fund Balance-$50,480.55$91,854.31$74,293.64-$32,919.88
FUND 150 Economic Development$0.00$167,464.10$167,464.10$0.00
FUND 152 TIF 3-1 CMCU
TIF 3-1 CMCUG 152-10100 Cash$0.00$0.00$2,346.51-$2,346.51
TIF 3-1 CMCUG 152-10450 Interest Receivable$0.00$0.00$0.00$0.00
TIF 3-1 CMCUG 152-20200 Accounts Payable$0.00$0.00$0.00$0.00
TIF 3-1 CMCUG 152-25310 Appropriated Fund Balance$0.00$2,346.51$0.00$2,346.51
FUND 152 TIF 3-1 CMCU$0.00$2,346.51$2,346.51$0.00
FUND 157 TIF 2-1 Millstream
TIF 2-1 MillstreamG 157-10100 Cash$17,951.81$170.30$4,580.01$13,542.10
TIF 2-1 MillstreamG 157-10450 Interest Receivable$29.72$0.00$29.72$0.00
TIF 2-1 MillstreamG 157-25310 Appropriated Fund Balance-$17,981.53$4,609.73$170.30-$13,542.10
FUND 157 TIF 2-1 Millstream$0.00$4,780.03$4,780.03$0.00
FUND 158 TIF 2-2 Meat Market
TIF 2-2 Meat MarketG 158-10100 Cash$116.36$0.73$28.67$88.42
TIF 2-2 Meat MarketG 158-10450 Interest Receivable$0.25$0.00$0.25$0.00
TIF 2-2 Meat MarketG 158-20201 Salaries Payable-$17.52$17.52$0.00$0.00
TIF 2-2 Meat MarketG 158-20500 Due To Other Fund-$500.00$0.00$0.00-$500.00
TIF 2-2 Meat MarketG 158-25310 Appropriated Fund Balance$400.91$28.92$18.25$411.58
FUND 158 TIF 2-2 Meat Market$0.00$47.17$47.17$0.00
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
TIF 2-3 Bayou Blues/AllG 159-10100 Cash$0.00$0.00$4,012.70-$4,012.70
TIF 2-3 Bayou Blues/AllG 159-10450 Interest Receivable$0.00$0.00$0.00$0.00
TIF 2-3 Bayou Blues/AllG 159-20200 Accounts Payable$0.00$0.00$0.00$0.00
TIF 2-3 Bayou Blues/AllG 159-25310 Appropriated Fund Balance$0.00$4,012.70$0.00$4,012.70
FUND 159 TIF 2-3 Bayou Blues/Alley Flat$0.00$4,012.70$4,012.70$0.00
FUND 250 Revolving Loan Fund
Revolving Loan FundG 250-10100 Cash$39,469.77$13,719.45$48,290.16$4,899.06
Revolving Loan FundG 250-10450 Interest Receivable$63.29$0.00$63.29$0.00
Revolving Loan FundG 250-11900 Notes Receivable$21,723.72$0.00$21,723.72$0.00
Revolving Loan FundG 250-22204 Deferred Inflow of Resources-$21,723.72$21,723.72$0.00$0.00
Revolving Loan FundG 250-25310 Appropriated Fund Balance-$39,533.06$48,353.45$13,719.45-$4,899.06
FUND 250 Revolving Loan Fund$0.00$83,796.62$83,796.62$0.00
$0.00$262,447.13$262,447.13$0.00
EDA Expenditure Report
Current Period: May 2015
2015May2015
Account DescrYTD Budget2015 AmtYTD Amt
FUND 150 Economic Development
E 150-46500-101 Salaries$4,000.00$82.50$1,387.65
E 150-46500-103 Legislative Bodies$1,260.00$0.00$0.00
E 150-46500-121 PERA Contributions$0.00$0.00$0.57
E 150-46500-122 FICA Contributions$0.00$5.12$85.91
E 150-46500-123 Deferred Comp-Employer$0.00$0.00-$0.43
E 150-46500-125 Medicare Contributions$0.00$1.20$20.09
E 150-46500-130 H S A- Employer Contribution$0.00$0.00$0.00
E 150-46500-131 Health Insurance$0.00$0.00$0.00
E 150-46500-132 Dental Insurance$0.00$0.00$0.00
E 150-46500-133 Life Insurance$0.00$0.00$0.00
E 150-46500-134 Disabilty Insurance$0.00$0.00$0.00
E 150-46500-151 Workers Comp. Insur. Prem.$10.00$0.00$0.00
E 150-46500-171 Clothing Allowance$0.00$0.00$0.00
E 150-46500-200 Office Supplies$500.00$0.00$32.14
E 150-46500-215 Software Support$540.00$0.00$522.33
E 150-46500-300 Professional Services$28,000.00$857.94$11,353.07
E 150-46500-303 Engineering Fee$2,000.00$441.60$584.70
E 150-46500-304 Legal Fees$1,000.00$40.50$432.00
E 150-46500-321 Telephone$785.00$62.01$328.47
E 150-46500-322 Postage$350.00$0.00$0.00
E 150-46500-328 Marketing$3,000.00$0.00$157.64
E 150-46500-331 Travel & Conference Expense$150.00$0.00$0.00
E 150-46500-340 Advertising$500.00$0.00$149.58
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$375.16$46,813.69
E 150-46500-622 TIF/Abatement Payments$50,000.00$0.00$0.00
E 150-49300-720 Transfers to Other Funds$0.00$7,951.00$7,951.00
FUND 150 Economic Development$130,595.00$9,817.03$74,818.41
FUND 152 TIF 3-1 CMCU
E 152-46500-300 Professional Services$0.00$1,329.51$1,329.51
E 152-46500-340 Advertising$0.00$0.00$0.00
E 152-46500-622 TIF/Abatement Payments$0.00$0.00$0.00
E 152-49300-720 Transfers to Other Funds$0.00$1,017.00$1,017.00
FUND 152 TIF 3-1 CMCU$0.00$2,346.51$2,346.51
FUND 157 TIF 2-1 Millstream
E 157-46500-101 Salaries$420.00$0.00$0.00
E 157-46500-121 PERA Contributions$30.00$0.00$0.00
E 157-46500-122 FICA Contributions$25.00$0.00$0.00
E 157-46500-123 Deferred Comp-Employer$10.00$0.00$0.00
E 157-46500-125 Medicare Contributions$5.00$0.00$0.00
E 157-46500-131 Health Insurance$60.00$0.00$0.00
E 157-46500-132 Dental Insurance$10.00$0.00$0.00
E 157-46500-133 Life Insurance$5.00$0.00$0.00
E 157-46500-134 Disabilty Insurance$5.00$0.00$0.00
E 157-46500-300 Professional Services$0.00$312.51$312.51
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$4,266.81$4,266.81
FUND 157 TIF 2-1 Millstream$570.00$4,579.32$4,579.32
EDA Expenditure Report
Current Period: May 2015
2015May2015
Account DescrYTD Budget2015 AmtYTD Amt
FUND 158 TIF 2-2 Meat Market
E 158-46500-101 Salaries$420.00$0.00$3.83
E 158-46500-121 PERA Contributions$30.00$0.00$0.29
E 158-46500-122 FICA Contributions$25.00$0.00$0.17
E 158-46500-123 Deferred Comp-Employer$10.00$0.00$0.05
E 158-46500-125 Medicare Contributions$5.00$0.00$0.04
E 158-46500-131 Health Insurance$60.00$0.00$5.37
E 158-46500-132 Dental Insurance$10.00$0.00$0.89
E 158-46500-133 Life Insurance$5.00$0.00$0.07
E 158-46500-134 Disabilty Insurance$5.00$0.00$0.44
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$570.00$0.00$11.15
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
E 159-46500-300 Professional Services$0.00$162.51$162.51
E 159-46500-340 Advertising$0.00$0.00$0.00
E 159-46500-622 TIF/Abatement Payments$0.00$0.00$0.00
E 159-49300-720 Transfers to Other Funds$0.00$3,850.19$3,850.19
FUND 159 TIF 2-3 Bayou Blues/Alley Flat$0.00$4,012.70$4,012.70
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-$53.90-$53.90
E 250-46500-317 Other fees$0.00-$108.10-$108.10
E 250-46500-434 Certification Fee$0.00-$92.00-$92.00
E 250-46500-455 Revolving Loan Proceeds$0.00$47,000.00$47,000.00
FUND 250 Revolving Loan Fund$0.00$46,746.00$46,746.00
$131,735.00$67,501.56$132,514.09
EDA Revenue Report
Current Period: May 2015
2015May2015
FUND DescrSOURCESOURCE DescrYTD Budget2015 AmtYTD Amt
FUND 150 Economic Development
Economic Development31010Current Ad Valorem Taxes$94,595.00$0.00$0.00
Economic Development33160Federal Grants - Other$0.00$0.00$47,301.00
Economic Development34150TIF/MIF Deposit$0.00$0.00$0.00
Economic Development34200DEED Housing Reimbursem$0.00$0.00$0.00
Economic Development36210Interest Earnings$1,000.00$31.64$822.74
Economic Development39201Transfers from Other Funds$0.00$9,134.00$9,134.00
FUND 150 Economic Development$95,595.00$9,165.64$57,257.74
FUND 152 TIF 3-1 CMCU
TIF 3-1 CMCU31050Tax Increment$0.00$0.00$0.00
TIF 3-1 CMCU36210Interest Earnings$0.00$0.00$0.00
FUND 152 TIF 3-1 CMCU$0.00$0.00$0.00
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream31050Tax Increment$0.00$0.00$0.00
TIF 2-1 Millstream36210Interest Earnings$0.00$6.30$139.89
FUND 157 TIF 2-1 Millstream$0.00$6.30$139.89
FUND 158 TIF 2-2 Meat Market
TIF 2-2 Meat Market31050Tax Increment$0.00$0.00$0.00
TIF 2-2 Meat Market36210Interest Earnings$0.00$0.03$0.48
TIF 2-2 Meat Market39201Transfers from Other Funds$0.00$0.00$0.00
FUND 158 TIF 2-2 Meat Market$0.00$0.03$0.48
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
TIF 2-3 Bayou Blues/Alley Fla31050Tax Increment$0.00$0.00$0.00
TIF 2-3 Bayou Blues/Alley Fla36210Interest Earnings$0.00$0.00$0.00
FUND 159 TIF 2-3 Bayou Blues/Alley Flat$0.00$0.00$0.00
FUND 250 Revolving Loan Fund
Revolving Loan Fund36210Interest Earnings$300.00$14.54$320.25
Revolving Loan Fund39201Transfers from Other Funds$0.00$7,951.00$7,951.00
Revolving Loan Fund39320Revolving Loan Principal$7,095.00$625.46$3,114.72
Revolving Loan Fund39321Revolving Loan Interest$985.00$48.09$256.03
Revolving Loan Fund39322Revolving Loan Origination $0.00$470.00$470.00
FUND 250 Revolving Loan Fund$8,380.00$9,109.09$12,112.00
$103,975.00$18,281.06$69,510.11
EDA Check Register
CHECK
#Search NameCommentsFUNDDEPARTAmount
049225ALEXIS PROPERTIES, LLCRLF proceeds - Sliced on Colle25046500$12,000.00
049225ALEXIS PROPERTIES, LLCRLF proceeds - Sliced on Colle25046500-$120.00
049225ALEXIS PROPERTIES, LLCRLF proceeds - Sliced on Colle25046500-$445.50
049225ALEXIS PROPERTIES, LLCRLF proceeds - Sliced on Colle25046500-$27.60
049225ALEXIS PROPERTIES, LLCRLF proceeds - Sliced on Colle25046500-$46.00
049229CENTURYLINKT1 line/20 sets 229 #'s-May15046500$62.01
049246PREGO PROPERTIES, LLCRLF proceeds - 19 W MN St25046500-$46.00
049246PREGO PROPERTIES, LLCRLF proceeds - 19 W MN St25046500$35,000.00
049246PREGO PROPERTIES, LLCRLF proceeds - 19 W MN St25046500-$350.00
049246PREGO PROPERTIES, LLCRLF proceeds - 19 W MN St25046500-$553.40
049246PREGO PROPERTIES, LLCRLF proceeds - 19 W MN St25046500-$80.50
049272JOVANOVICH, KADLEC & ATHMANNApril RLF loans25046500$945.00
049272JOVANOVICH, KADLEC & ATHMANNApril Parkway Business Center15046500$40.50
049320MUNICIPAL DEVELOPMENT CORPApr TIF review15946500$162.51
049320MUNICIPAL DEVELOPMENT CORPApr organizational developmen15046500$356.31
049320MUNICIPAL DEVELOPMENT CORPApr business retention15046500$1,706.24
049320MUNICIPAL DEVELOPMENT CORPApr marketing15046500$75.03
049320MUNICIPAL DEVELOPMENT CORPApr website15046500$37.36
049320MUNICIPAL DEVELOPMENT CORPApr mtgs w/qualified projects15046500$225.09
049320MUNICIPAL DEVELOPMENT CORPApr BFA loans15046500$150.07
049320MUNICIPAL DEVELOPMENT CORPApr TIF review15246500$162.51
049320MUNICIPAL DEVELOPMENT CORPApr TIF review15746500$162.51
049321SEH, INCApr Parkway Business Center15046500$441.60
$49,857.74
m,
Bayou
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o
h
Pizza
ng
E
CMCU,
,
Gary's
d
ce
Sli
(482.10)
1,700.0043,759.0018,180.359,210.8010,126.35
80,794.40240,003.00
82,494.4
0
CodeNumberEquipmentBalance201520152015Balance
ProjectProjectReserveBudgetTransfersSpent2015
(7,678.97)
(423.16)
(6,239.11)(1,016.70)(7,678.97)(47,301.00)
5/31
5/31through
2,568.25
1,266.56165.194,000.00
4,000.0
0
Availablethrough
ED
A
18,500.0012,000.003,000.00
33,500.00
33,500.0
0
Plan
2014
Expenditures
Improvement
Budge
t
4,
December
(731.96)(165.19)
12/31/2014
1,700.0025,259.009,851.219,210.807,549.51
50,973.37287,304.00
CIP
52,673.3
7
CapitalFinal
Capital
Adopted
2015
2015
2013 CDBG Grant Development
Fund
BFA Grant/RLF Loan Program
Business Demolition Program
CSAH 2/3 Collection Street
General
Business Development/TIF
Parkway Business Center
Rental Conversions
Let's Go Downtown
Computer Software
EDA-1301EDA-1302EDA-1303
EDA-130EDA-130EDA-130EDA-130EDA-130EDA-130
778459
150-46500-582EDA150-46500-588
DepartmentAccount
TOTAL EDA CIP
A
ED
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