HomeMy WebLinkAbout[04b] October Finance Reports EDA Agenda Item 4 b
MEETING DATE: November 16, 2016
AGENDA ITEM: October Finance Reports
SUBMITTED BY: Finance
BOARD/COMMISSION/COMMITTEE/COUNCIL RECOMMENDATION: N/A
PREVIOUS EDA ACTION: None
BACKGROUND INFORMATION: Enclosed you will find the reconciled financial reports through
October 31, 2016. The ending undesignated balance shows a surplus of 37,126.43. The designated
project balance is$89,091.50.
The other funds reported include the TIF funds and the Revolving Loan fund. The TIF funds with deficit
balances will be covered by the EDA until TIF revenue is received to cover the deficits. The EDA has
three outstanding revolving loans. The current revolving loan fund balance is$23,535.82 [$21,036
available for new projects].
BUDGET/FISCAL IMPACT: For Information Only
ATTACHMENTS: Request for EDA Action—Finance Reports
EDA Financial Summary
EDA Balance Sheet
EDA Check Register
EDA Revenue Report
EDA Expenditure Report
EDA Summary CIP
REQUESTED BOARD ACTION: Consider accepted of the October financial reports.
St. Joseph Economic DeveUop0ent Authority
Summary Treasurer's Report - Fund 150
October 2016
Fund 158. EDA Balance anofDecember 31. 2815(4udited) 85.663.85
Year to Date Revenue:
Interest Earnings 1.418.35
T|F6AbotomontDopooit 7.508.00
T|F64botmmen1Fee 5.000.00
DEED Housing Grant Proceeds 49.425.00
AdValorem Taxes 56.540.31
Transfers from Other Funds -
Total Revenue 110.803.86
Year to Date Expenditure Total by Promect:
Market Development - °^
Business Development 7,838.53
Organizational Uava|mpmnant - °^
Infrastructure Development
Workforce Development -
7,638.53
Year to Date Expenditures by Obaect:
Board Stipends (218.00)
S1affSo|uriea/Tnaining (10.820.87)
Workers Comp Premium (51.34)
Software Support/Office Supplies (584.87)
Professional Services (7.310.00)
Loga|/EnginmaringFeeo (20.10)
Telephone (543.71)
Greater St. Cloud Development Investment -
Marketing
Advertising (584.90)
Coborn'mAbetement
CM Housing Grant Reimbursement (40.425.00)
ComputorHondwan/Sofbvmre (301.42)
EDA Programs -
Transfer hoOther Funds -
Total Expenses
Fund Summaries aeofOctober 31. 3U16:
EDA Fund Balance'Fund 15O '(0nauditmd) 12658650
Designated for Capital Programs 89.081.50
Designated for DEED Housing Projects 368.57
Undesignated 37.126.43
TIF 3-1 Central K0NCredit Union Fund Bu|onoe -Fund 152 (5^845.63)
TIF 44Fortitude Senior AptuFund Balance 'Fund 153 (1'331.75)
UF 2-1Millstream Shops and Lofts Fund Balance - Fund 15T 19^298.52
TIF 2'2 St.Joseph Meat Market Fund Balance ' Fund 15U (180.63)
TIF 2-3 Bayou Blues &A||ey Flats Fund Balance -Fund 155 (4.924.97)
Revolving Loan Fund Balance'Fund 25Q 23.535.83
°~Detail available upon request
-
CHECK
# Search Name Comments FUND DEPART Amount
051130 CENTURYUNK Oct T1 ||ne/28sets 2Zg#'y 158 10580 $50.05
051131 CENTURYUNKBUSINESS SERVICES Sept long distance telephone 158 10580 $4.91
051280 EULER3AND ASSOCIATES Country Manor abatement 158 10580 $322.58
051289 JOVANOVICU, KADLEC&4TURANN Millstream Shops/Lofts 157 10580 $135.08
051230 SENTRY BANK-CREDIT CARD Chamber mtg 158 10580 $4.08
$516.40
EDA Revenue Report
-
Current Period:October 2016
010 October 2016
FUND Descr SOURCE SOURCE Descr YTD Budget 2016 Amt YTD Amt
FUND 15OEconomic Development
Economic Development 31010 Current AdValorem Taxes $122,305.00 $0.00 $56,549.31
Economic Development 31000 Lodging Tax $0.00 $0.00 $0.00
Economic Development 33100 Federal Grants Other $0.00 $0.00 $49,425.00
Economic Development 34150 TIF/MIFDemsit $0.00 $0.00 $13,500.00
Economic Development 34200 DEED Housing Reimbursem $0.00 $0.00 $0.00
Economic Development 36210 Interest Earnings $1,250.00 -$60.50 $1,419.35
Economic Development 39201 Transfers from Other Funds
FUND 15OEconomic Development $133,015.00 -$60.50 $119,093.66
FUND 152TIF 3-1 CMCU
TIF 3-1CMCU 31050 Tax Increment $0.00 $0.00 $0.00
TIF 3-1 CMCU 36210 Interest Earnings $0.00 $0.00 $0.00
TIF 3-1CMCU 39201 Transfers from Other Funds
FUND 152 TIF 3-1 CMCU $0.00 $0.00 $0.00
FUND 153TIF 4-1Fortitude Senior Apts
TIF 4-IFortitude Senior Apts 31050 Tax Increment $0.00 $0.00 $0.00
TIF 4-IFortitude Senior Apts 34150 TIF/MIFDepm|L $0.00 $0.00 $15,000.00
TIF 4-1Fortitude Senior Ap$ 36210 Interest Earnings $0.00 $0.00 $0.00
TIF 4-1Fortitude Senior Ap$ 39201 Transfers from Other Funds
FUND 153TIF 4-1Fortitude Senior Apts $0.00 $0.00 $15,000.00
FUND 157TIF l-1Millstream
TIF 2-1 Millstream 31850 Tax Increment $37,888.08 $8.88 $21,538.67
TIF 2-1 Millstream 30210 Interest Earnings
FUND 157TIF l-1Millstream $37,275.00 -$9.78 $21,842J0
FUND 158TIF 3-2Meat Market
TIF 2-2 Meat Market 31050 Tax Increment $1,000.00 $0.00 $4,158.71
TIF 2-2 Meat Market 30210 Interest Earnings $5.00 -$0.10 $7.75
TIF 2-2 Meat Market 39201 Transfers from Other Funds
FUND 158TIF 2-2Meat Market $1,005.00 -$0.10 $4,160.46
FUND 159TIF l-] Bayou Blues/Alley Flat
TIF 2-3Bayou Blues/Alley Fla 31850 Tax Increment $8.08 $8.88 $8.80
TIF 2-3 Bayou Blues/Alley F|a 30210 Interest Earnings $8.08 $8.88 $8.80
TIF 2-3Bayou Blues/Alley Fla 39281 Transfers from Other Funds
FUND l5gTIF J-3Bayou Blues/Alley Flat $8.08 $8.88 $8.80
FUND 250 Revolving Loan Fund
Revolving Loan Fund 30210 Interest Earnings $350.00 -$I0.95 $233.13
Revolving Loan Fund 39201 Transfers from Other Funds $0.00 $0.00 $0.00
Revolving Loan Fund 39320 Revolving Loan Principal $I0,995.00 $730.89 $9,915.99
Revolving Loan Fund 39321 Revolving Loan Interest $1,010.00 $123.28 $1,347.32
Revolving Loan Fund 39322 Revolving Loan Origination
FUND 250 Revolving Loan Fund $I2,855.00 $843.23 $1I,485.44
$177,750.00 $772.70 $172,38826
St. Joseph
EDA Expenditure Report����
Current Period:October 2016
2010 October 2016
Account Descr YTD Budget 2016 Amt YTD Amt
FUND 15OEconomic Development
El5U-1650U-10lSalaries $18,985.00 $1,980.27 $14,149.47
El5U-1650U-103Legislative Bodies $1,300.00 $0.00 $210.00
El5U-1650U-13lPERAContributions $1,425.00 $148.52 $1,080.39
E150-405O0-1J2FICA Contributions $920.00 $110.94 $071.00
E 150-405O0-1J3Deferred Comp-Employer $385.00 $0.00 $9.37
E 150-40500-125 Medicare Contributions $215.00 $27.81 $303.09
E150-405O0-1]OH3A-Employer Contribution $790.00 $0.00 $789.50
E 150-40500-131 Health Insurance $4,190.00 $345.00 $1,725.00
E 150-405O0-1]2Dental Insurance $755.00 $87.64 $390.93
E 150-405O0-1]3Life Insurance $60.00 $2.53 $10.19
E 15O-1058O-l34D|sab|||yInsurance $175.88 $10.48 $10.06
E15O-1058O-l51Workers Comp.Inyur. Prem. $140.88 $8.80 $5134
E 150-10580-171 Clothing Allowance $60.88 $8.80 $8.88
E 15O-1058O-288Office Supplies $580.88 $8.80 $3.88
E 15O-1058O-215Software Support $530.88 $8.80 $591.87
E 15O-1058O-388Professional Sen|cey $3,880.88 $322.58 $7,318.88
E15O-1058O-383Engineering Fee $2,880.88 $8.80 $8.88
E 15O-4h50O-]04Legal Fees $1,000.00 $0.00 $29.10
E 15O-4h50O-]09Visitors Bureau $0.00 $0.00 $0.00
E 150-46500-321 Telephone $630.00 $54.96 $543J1
E 150-46500-322 Postage $350.00 $0.00 $0.00
E 150-46500-328 Marketing $2,000.00 $0.00 $0.00
E15O-4h50O-]31Travel&Conference Expense $245.00 $4.00 $359.57
E15O-4h50O-]40Advertising $500.00 $0.00 $584.90
E 150-16500-133 Dues&Memberships $0.00 $0.00 $0.00
E l5U-1650U-582Computer Software $0.00 $0.00 $301.42
E l5U-1650U-588EDA Programs $33,500.00 $0.00 $49,425.00
E l5U-1650U-632TIF/Abatement Payments $50,000.00 $0.00 $0.00
E l5U-1930U-730Transfers toOther Funds
FUND 150Economic Development $I23,015.00 $3,I08.57 $78,971.01
FUND l52TIF 3-1 CMCU
E15J-1058O-l81Salaries $0.88 $8.80 $181.27
E 152-10580-121 PERAConLr|bwL|ons $0.88 $8.80 $13.08
E15J-1058O-lZ2FICA Contributions $0.88 $8.80 $18.95
E 15J-1058O-lBDeferred Comp-Employer $0.88 $8.80 $2.82
E 152-10580-125 Medicare Contributions $0.88 $8.80 $2.55
E 15J-1058O-l32Dental Insurance $0.88 $8.80 $1.45
E 15l-4h50O-133Life Insurance $0.00 $0.00 $0.35
E15l-4h50O-134Disab1|\yInsurance $0.00 $0.00 $1.01
E 15l-4h50O-]00Professional Sunices $0.00 $0.00 $0.00
E15l-4h50O-]01Audit&Accounting Services $750.00 $0.00 $0.00
E15l-4h50O-]40Advertising $45.00 $0.00 $32.12
E 15l-4h50O-h22TIF/Abatement Payments $0.00 $0.00 $0.00
E 15l-4930O-720Transfers toOther Funds
FUND 152 TIF 3-1 CMCU $795.00 $0.00 $219.12
FUND l53TIF 4-1Fortitude Senior 4pts
E15J-405O0-1O1Salaries $0.00 $0.00 $0.00
E15J-405O0-1J1PEKAContributions $0.00 $0.00 $0.00
E15J-405O0-1J2FICA Contributions $0.00 $0.00 $0.00
E 153-40500-125 Medicare Contributions $0.00 $0.00 $0.00
E 15J-405O0-JOOProfessional Sarvices $0.00 $0.00 $15,961.25
St. Joseph
Current Period:October 2016
2016 October 2016
Account Descr YTD Budget 2016 Amt YTD Amt
E 153-46500-340 Advertising $0.00 $0.00 $370.50
E 153-46500-588 EDA Programs $0.00 $0.00 $0.00
FUND 153 TIF 4-1 Fortitude Senior Apts $0.00 $0.00 $16,331.75
FUND 157 TIF 2-1 Millstream
E 157-46500-101 Salaries $0.00 $0.00 $280.84
E 157-46500-121 PERA Contributions $0.00 $0.00 $20.76
E 157-46500-122 FICA Contributions $0.00 $0.00 $16.85
E 157-46500-123 Deferred Comp-Employer $0.00 $0.00 $2.50
E 157-46500-125 Medicare Contributions $0.00 $0.00 $3.94
E 157-46500-132 Dental Insurance $0.00 $0.00 $3.90
E 157-46500-133 Life Insurance $0.00 $0.00 $0.08
E 157-46500-134 Disabilty Insurance $0.00 $0.00 $0.26
E 157-46500-300 Professional Services $0.00 $135.00 $135.00
E 157-46500-301 Audit&Accounting Services $500.00 $0.00 $0.00
E 157-46500-340 Advertising $45.00 $0.00 $32.13
E 157-46500-622 TIFJAbatement Payments $34,000.00 $0.00 $19,377.60
E 157-49300-720 Transfers to Other Funds $0.00 $0.00 $0.00
FUND 157 TIF 2-1 Millstream $34,545.00 $135.00 $19,873.86
FUND 158 TIF 2-2 Meat Market
E 158-46500-101 Salaries $0.00 $0.00 $90.63
E 158-46500-121 PERA Contributions $0.00 $0.00 $6.79
E 158-46500-122 FICA Contributions $0.00 $0.00 $5.48
E 158-46500-123 Deferred Comp-Employer $0.00 $0.00 $1.40
E 158-46500-125 Medicare Contributions $0.00 $0.00 $1.29
E 158-46500-131 Health Insurance $0.00 $0.00 $0.00
E 158-46500-132 Dental Insurance $0.00 $0.00 $1.98
E 158-46500-133 Life Insurance $0.00 $0.00 $0.08
E 158-46500-134 Disabilty Insurance $0.00 $0.00 $0.26
E 158-46500-300 Professional Services $0.00 $0.00 $0.00
E 158-46500-301 Audit&Accounting Services $500.00 $0.00 $0.00
E 158-46500-340 Advertising $45.00 $0.00 $32.13
E 158-46500-622 TIFJAbatement Payments $4,000.00 $0.00 $3,950.77
FUND 158 TIF 2-2 Meat Market $4,545.00 $0.00 $4,090.81
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
E 159-46500-101 Salaries $0.00 $0.00 $301.55
E 159-46500-121 PERA Contributions $0.00 $0.00 $22.63
E 159-46500-122 FICA Contributions $0.00 $0.00 $18.20
E 159-46500-123 Deferred Comp-Employer $0.00 $0.00 $3.74
E 159-46500-125 Medicare Contributions $0.00 $0.00 $4.27
E 159-46500-132 Dental Insurance $0.00 $0.00 $8.28
E 159-46500-133 Life Insurance $0.00 $0.00 $0.93
E 159-46500-134 Disabilty Insurance $0.00 $0.00 $1.80
E 159-46500-300 Professional Services $0.00 $0.00 $268.75
E 159-46500-301 Audit&Accounting Services $750.00 $0.00 $0.00
E 159-46500-340 Advertising $45.00 $0.00 $32.12
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 $0.00
FUND 159 TIF 2-3 Bayou Blues/Alley Flat $795.00 $0.00 $662.27
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
St. Joseph
Current Period:October 2016
2016 October 2016
Account Descr YTD Budget 2016 Amt YTD Amt
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
$164,295.00 $3,243.57 $120,178.82
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