HomeMy WebLinkAbout[05] Accounts Payable & Financial Report CITY OF ST. ]OS�PH
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DATE: July 14,2015
MEMO TO: St.Joseph Economic Development Authority
FROM: Cynthia Smith-Strack Municipal Development Group
Administrator
Judy Weyrens RE: Accounts Payable
June Financial Reports
Mayor
Rick Schultz
A. Accounts Payable:
coun�ilors Following are Accounts Payable for the EDA's Consideration.
Matt Killam
Bob Loso Payable To For Fund Amount
Renee Symanietz MDG, Inc. June Econ. Dev. Service 150-46500-300 $ 2,715.05
Dale Wick Total $ 2,715.05
EDA `Plus invoices noted on enclosed check register.
Doug Danielson
Larry Hosch As of June 30,2015 a total of 208 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:
June 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.
�
���j INVOICE
MUNICIPAL DEVELOPMENT GROUP� INC.
25562 WILLOW LANE
NEW PRAGUE,MN 56071 Cliy Of St. Joseph
952-758-7399
FAX:952-758-3711 Attn: Judy Weyrens
staffc�municipaldevelopmentgroup.com City Administrator
PO 668
St. Joseph, MN 56374
Invoice Date 7-10-15 Payment Terms: 30 days Customer ID#:
STJ15EDA
Project June Economic Development Services
Amount: $2,500.00 Monthly contract fee
2$ 15.05 374 miles x .575
$2,715.05
Code to: 150-46500-300 for general EDA
Remit To: Municipal Development Group, Inc.
25562 Willow Lane
New Prague, MN 56071
Dates-EDA Hour
June 3, 2015 EDA Office Hours: C. Strack 8.00 Hour
June 24, 2015 EDA Office Hours: C. Strack 9.50 Hour
Total June 2015 17.50 Hours
Total Contract Hours June 30, 2015: 208 Hours
Thank youl We appreciated the opportunity to work with you!
Check No. C1��t�11Gt sYrl3��1-�frac�.
D8t@: Cynthia Smith-Strack,Principal MDG
U
St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
June 2015
Fund 150, EDA Balance as of December 31,2014(Audited) 103,522.49
Year to Date Revenue:
Interest Earnings 536.97
TIF/MIF Deposit -
DEED Housing Grant Proceeds 58,210.00
Ad Valorem Taxes 34,554.40
Transfers from Other Funds 9,134.00
Total Revenue 102,435.37
Year to Date Expenditure Total bv Proiect:
Market Development 1,193.14 *'
Business Development 5,756.10 **
Organizational Development 1,706.48 "
Infrastructure Development 1,016.70 '*
Workforce Development - "
9,672.42
Year to Date Expenditures bv Obiect:
Board Stipends -
Staff Salaries (1,651.23)
Workers Comp Premium -
Software Support/Office Supplies (554.47)
Municipal Development Group (13,002.72)
Legal/Engineering Fees (1,016.70)
Telephone (392.34)
Greater St. Cloud Development Investment (5,000.00)
Business Round Table Outreach -
Marketing (222.69)
Advertising (194.91)
Coborn's Abatement -
CM Housing Grant Reimbursement (55,210.00)
EDA Programs (3,293.86)
Transferto OtherFunds (7,951.00)
Total Expenses (88,489.92)
Fund Summaries as of June 30,2015:
EDA Fund Balance-Fund 150 - unaudited 117,467.94
Designated for Capital Programs 81,533.23
Designated for DEED Housing Projects 368.57
Undesignated 35,566.14
TIF 3-1 Central MN Credit Union Fund Balance -Fund 152 (2,596.51)
TIF 2-1 Millstream Shops and Lofts Fund Balance-Fund 157 28,454.11
TIF 2-2 St.Joseph Meat Market Fund Balance-Fund 158 929.80
TIF 2-3 Bayou Blues&Alley Flats Fund Balance-Fund 159 (4,262.70)
Revolving Loan Fund Balance-Fund 250 4,984.64
"'Detail available upon request
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CITY OF ST. JOSEPH 07/08/15 12:05 PM
Page 1
EDA Revenue Report
"' ' ' Current Period:June 2015
2015 June 2015
FUND Descr SOURCE SOURCE Descr YTD Budget 2015 Amt YTD Amt
FUND 150 Economic Development
Economic Development 31010 Current Ad Valorem Taxes $94,595.00 $34,554.40 $34,554.40
Economic Development 33160 Federal Grants-Other $0.00 $10,909.00 $58,210.00
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 $1,000.00 -$285.77 $536.97
Economic Development 39201 Transfers from Other Funds $0.00 $0.00 $9,134.00
__ __ _---- -
FUND 150 Economic Development $95,595.00 $45,177.63 $102,435.37
FUND 152 TIF 3-1 CMCU
TIF 3-1 CMCU 31050 Tax Increment $0.00 $0.00 $0.00
TIF 3-1 CMCU 36210 Interest 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 Millstream 31050 Tax Increment $0.00 $15,012.93 $15,012.93
TIF 2-1 Millstream 36210 Interest Earnings $0.00 -$55.60 $84.29
FUND 157 TIF 2-1 Millstream $0.00 $14,957.33 $15,097.22
FUND 158 TIF 2-2 Meat Market
TIF 2-2 Meat Market 31050 Tax Increment $0.00 $1,387.00 $1,387.00
TIF 2-2 Meat Market 36210 Interest Earnings $0.00 -$0.30 $0.18
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 $1,386.70 $1,387.18
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
TIF 2-3 Bayou Blues/Alley Fla 31050 Tax Increment $0.00 $0.00 $0.00
TIF 2-3 Bayou Blues/Alley Fla 36210 Interest 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 Fund 36210 Interest Earnings $300.00 -$99.74 $220.51
Revolving Loan Fund 39201 Transfers from Other Funds $0.00 $0.00 $7,951.00
Revolving Loan Fund 39320 Revolving Loan Principal $7,095.00 $627.02 $3,741.74
Revolving Loan Fund 39321 Revolving Loan Interest $985.00 $46.53 $302.56
Revolving Loan Fund 39322 Revolving Loan Origination $0.00 $0.00 $470.00
FUND 250 Revolving Loan Fund $8,380.00 $573.81 $12,685.81
$103,975.00 $62,095.47 $131,605.58
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i CITY OF ST. JOSEPH 07/08/15 12:04 PM
���Z�, /��, Page 1
Mr'�� �� L�• EDA Expenditure Report
••"`",��'"'"`Ph""° Current Period:June 2015
2015 June 2015
Ac�unt Desa YTD Budqet 2015 Amt YTD Amt
FUND 150 Economic Development
E 150-46500-101 Salaries $4,000.00 $146.25 $1,533.90
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 $9.07 $94.98
E 150-46500-123 Deferred Comp-Employer $0.00 $0.00 -$0.43
E 150-46500-125 Medicare Contributions $0.00 $2.12 $22.21
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. $50.00 $0.00 $0.00
E 150-4b500-171 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 $52233
E 150-46500-300 Professional Services $28,000.00 $1,649.65 $13,002.72
E 150-46500-303 Engineering Fee $2,000.00 �0.00 $584.70
E 150-46500-304 Legal Fees $1,000.00 $0.00 $432.00
E 150-46500-321 Telephone $785.00 $63.87 $392.34
E 150-46500-322 Postage $350.00 $0.00 $0.00
E 150-46500-328 Marketing $3,000.00 $65.05 $222.69
E 150-46500-331 Travel&Conference Expense $150.00 $0.00 $0.00
E 150-46500-340 Advertising $500.00 $45.33 $194.91
E 150-46500�33 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 $11,690.17 $58,503.86
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 $7,951.00
FUND 150 Economic Development $130,595.00 $13,671.51 $88,489.92
FUND 152 TIF 3-1 CMCU
E 152-46500-300 Profe�ional Services $0.00 $250.00 �1,579.51
E 152-46500-340 Advertising �0.00 $0.00 $0.00
E 152-46500-622 TIF(Abatement Payments $0.00 $0.� $0.00
E 152-49300-720 Transfers to Other Funds $0.00 $0.00 $1,017.00
FUND 152 TIF 3-1 CMCU $Q.00 $250.00 $2,596.51
FUND 157 TIF 2-1 Millstream
E 157-46500-101 Salaries $420.00 $0.00 $0.00
E 157-46500-121 PERA Contribudons $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 157-46500300 Profes�onal Services $0.00 $0.00 $312.51
E 157-46500-340 Advertising $0.00 $45.32 $45.32
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 $4,266.81
FUND 157 TIF 2-1 Millstream $570.00 $45.32 $4,624.64
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� CITY OF ST. JOSEPH 07/08/15 12:04 PM
Page 2
EDA Expenditure Report
•..'`"'�'"""�""'" Current Period:June 2075
2015 June 2015
Account Descr YTD Budget 2015 Amt YTD 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-%500-132 Denta!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 $45.32 $4532
E 158-46500-622 TIF/Abatement Payments $0.00 $0.00 $0.00
--.
FUND 158 TIF 2-2 Meat Market $570.00 $45.32 $56.47
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
E 159-46500-300 Professional Services $0.00 $250.00 $412.51
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 $0.00 $3,850.19
FUND 159 TIF 2-3 Bayou Blues/Alley Flat $0.00 $250.00 $4,262.70
FUND 250 Revolving Loan Fund
E 250-46500-300 Professional Services $0.00 $434.23 $434.23
E 250-46500-304 Legal Fees $0.00 $54.00 $0.10
E 250-46500317 Other fees $0.00 $0.00 -$108.30
E 250-46500�34 Certification Fee $0,00 $0.00 -$92.00
E 250-46500-455 Revolving Loan Proceeds $0.00 $0.00 $47,000.00
FUND 250 Revolving Loan Fund $0.00 $488.23 $47,234.23
$131,735.00 $14,750.38 $147,264.47
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���� 1 CITY OF ST. JOSEPH o�/08/15 12:03 PM
/1� Page 1
� '-"' EDA Balance Sheet
•"`",x�`4'""'�"°" Current Period:June 2015
YTD YTD Current
FUND Descr Account Descr Beain Yr Debit Credit Balance
FUND 150 Economic Development
Economic Development G 150-10100 Cash $109,443.65 $113,155.99 $105,631.70 $116,967.94
Ewnomic Development G 150-10450 Interest Receivable $215.50 $0.00 $215.50 $0.00
Economic Development G 150-10700 Taxes Receivable-Delinquen $1,316.15 $0.00 $1,316.15 $0.00
Economic Development G 150-13113 Due From other Gov t Units $0.00 $0.00 $0.00 $0.00
Economic Development G 150-15500 Due From Other Fund $500.00 $0.00 $0,00 $500.00
Economic Development G 150-20200 Acrnunts Payable -$6,601.63 $6,601.63 $0.00 $0.00
Economic Development G 150-20201 Salaries Payable -$35.03 $35.03 $0.00 $0.00
Economic Development G 150-22204 Deferred Inflow of Resources -$1,316.15 $1,316.15 $0.00 $0.00
Economic Development G 150-24415 Design. Fd Bal-Capital Proj -$53,041.94 $0.00 $0.00 -$53,041.94
Economic Development G 150-25310 Appropriated Fund Balance -$50,480.55 $105,847.20 $119,792.65 -$64,426.00
FUND 150 Economic Development $0.00 $226,956.00 $226,956.00 $0.00
FUND 152 TIF 3-1 CMCU
TIF 3-1 CMCU G 152-10100 Cash $0.00 $0.00 $2,596.51 -$2,596.51
TIF 3-1 CMCU G 152-10450 Interest Receivable $0.00 $0.00 $0.00 $0.00
TIF 3-1 CMCU G 152-20200 Ac�unts Payable $0.00 $0.00 $0.00 $0.00
TIF 3-1 CMCU G 152-25310 Appropriated Fund Balance $0.00 $2,596.51 $0.00 $2,596.51
FUND 152 TIF 3-1 CMCU $0.00 $2,596.51 $2,596.51 $0.00
FUND 157 TIF 2-i Millstream
TIF 2-1 Millstream G 157-10100 Cash $17,951.81 $15,190.91 $4,688.61 $28,454.11
TIF 2-1 Millstream G 157-10450 Interest Receivable $29.72 $0.00 $29.72 $0.00
TIF 2-1 Millstream G 157-25310 Appropriated Fund Balance -$17,981.53 $4,718.33 $15,190.91 -$28,454.11
FUND 157 TIF 2-i Milistream $0.00 $19,909.24 $19,909.24 $0.00
FUND 158 TIF 2-2 Meat Market
TIF 2-2 Meat Market G 158-10100 Cash $116.36 $1,388.69 $75.25 $1,429.80
TIF 2-2 Meat Market G 158-10450 Interest Receivable $0.25 $0.00 $0.25 $0.00
TIF 2-2 Meat Market G 158-20201 Salaries Payable -$17.52 $17.52 $0.00 $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 $400.91 $75.50 $1,406.21 -$929.80
FUND 158 TIF 2-2 Meat Market $0.00 $1,481.71 $1,481.71 $0.00
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
TIF 23 Bayou Blues/AII G 159-10100 Cash $0.00 $0.00 $4,262.70 -$4,262.70
TIF 2-3 Bayou Blues/All G 159-10450 Interest Receivable $0.00 $0.00 $0.00 $0.00
TIF 2-3 Bayou Blues/AII G 159-20200 Accounts Payable $0.00 $0.00 $0.00 $0.00
TIF 2-3 Bayou Blues/All G 159-25310 Appropriated Fund Balance $0.00 $4,26�.70 $0.00 $4,262.70
FUND 159 TIF 2-3 Bayou Blues/Alley Flat $0.00 $4,262.70 $4,262.70 $0.00
FUND 250 Revolving Loan Fund
Revolving Loan Fund G 250-10100 Cash $39,469.77 $14,405.11 $48,890.24 $4,984.64
Revolving Loan Fund G 250-10450 Interest Receivable $63.29 $0.00 $63.29 $0.00
Revolving Loan Fund G 250-11900 Notes Receivable $21,723.72 $0.00 $21,723.72 $0.00
Revolving Loan Fund G 250-22204 Deferred Inflow of Resources -$21,723.72 $21,723.72 $0.00 $0.00
Revolving Loan Fund G 250-25310 Appropriated Fund Balance -$39,533.06 $48,953.53 $14,405.11 -$4,984.64
._- _ - ,_
FUND 250 Revolving Loan Fund $0.00 $85,082.36 $85,082.36 $0.00
_._-- _ ------ ------, _---
$0.00 $340,288.52 $340,288.52 $0.00
/�
� CITY OF ST. JOSEPH 07/08/15 12:04 PM
�t� EDA Check Register Page 1
•��.it1'�T4p+r4+h i.,�n
CHECK
# Search Name Comments FUND DEPART Amount
049328 CENTURYLINK Tl line/20 sets 229#'s-]une 150 46500 $62.01
049329 CENTURYLINK BUSINESS SERVICES long distance telephone-May 150 46500 $1.86
049342 ST.JOSEPH NEWSLEADER,INC TIF reports advertising 150 46500 $46.25
049342 ST.JOSEPH NEWSLEADER,INC TIF reports advertlsing 157 4650� $46.25
049342 ST.JOSEPH NEWSLEADER,INC TIF reports advertising 158 46500 $46.25
049342 ST.JOSEPH NEWSLEADER,INC discount 150 46500 -$0.92
049342 ST.JOSEPH NEWSLEADER,INC discount 157 46500 -$0.93
049342 ST.JOSEPH NEWSLEADER,INC discount 158 46500 -$0.93
049359 JOVANOVICH,KADLEC&ATHMANN May RLF loan agreements 250 46500 $54.00
049363 MUNICIPAL DEVELOPMENT CORP May marketing materials 150 46500 $65.05
049363 MUNICIPAL DEVELOPMENT CORP May business retention 150 46500 $1,215.41
049363 MUNICIPAI DEVELOPMENT CORP May mtgs w/qualified projects 150 46500 $651.07
049363 MUNICIPAL DEVELOPMENT CORP May BdA grant 150 46500 $130.10
049363 MUNICIPAL DEVELOPMENT CORP May RLF loans 250 46500 $434.23
049363 MUNICIPAL DEVELOPMENT CORP May organizational developme 150 46500 $434.24
049384 BRAND BUILT HOMES,INC. reimburse CDAP#23-Schmitt 150 46500 $9,574.00
049403 STEARNS COUNTY AUDTTOR-TRFASUR TIF 3-1 certification 152 4650Q $250.00
049403 STEARNS COUNTY AUDTfOR-TREASUR TIF 2-3 certification 159 46500 $250.00
049406 TRI-COUNTY ACTION PROGRAM INC reimburse CDAP#23-Hewitt/Ho 150 46500 $1,335.00
$14,592.94
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