HomeMy WebLinkAbout[04b] Treasurer Report jiiA,-SRKA,'"i/j\tet
EDA Agenda Item 4(b)
CITY OF NT.JOSN.PH
MEETING DATE: January 18,2017
AGENDA ITEM: December 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
December 31,2016(before year-end audit entries). The ending undesignated balance shows a surplus of
$18,620.13. The designated project balance is $99,245.28.
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 at the end of December. In early January,the Sliced on College Ave
revolving loan was paid in full adding$8,600 to the fund. The current revolving loan fund balance is
$25,155.55 at December 31st
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 December financial reports.
St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
December 2016
Fund 150,EDA Balance as of December 31,2015 (Audited) 85,663.85
Year to Date Revenue:
Interest Earnings 993.78
TIF/Abatement Deposit 5,000.00
TIF/Abatement Fee 5,000.00
DEED Housing Grant Proceeds 67,425.00
Ad Valorem Taxes 106,711.52
Transfers from Other Funds -
Total Revenue 185,130.30
Year to Date Expenditure Total by Project:
Market Development - **
Business Development 7,638.53 **
Organizational Development - **
Infrastructure Development - **
Workforce Development - **
7,638.53
Year to Date Expenditures by Obiect:
Board Stipends (280.00)
Staff Salaries/Training (25,331.50)
Workers Comp Premium (51.62)
Software Support/Office Supplies (594.87)
Professional Services (7,310.00)
Legal/Engineering Fees (29.10)
Telephone (651.76)
Greater St.Cloud Development Investment -
Marketing -
Advertising (584.90)
Coborn's Abatement (50,000.00)
CM Housing Grant Reimbursement (67,793.57)
Computer Hardware/Software (301.42)
EDA Programs
Transfer to Other Funds -
Total Expenses (152,928.74)
Fund Summaries as of December 31,2016:
EDA Fund Balance-Fund 150-(Unaudited) 117,865.41
Designated for Capital Programs 99,245.28
Undesignated 18,620.13
TIF 3-1 Central MN Credit Union Fund Balance-Fund 152 (5,845.63)
TIF 4-1 Fortitude Senior Apts Fund Balance-Fund 153 1,168.25
TIF 2-1 Millstream Shops and Lofts Fund Balance- Fund 157 20,783.19
TIF 2-2 St.Joseph Meat Market Fund Balance- Fund 158 (181.98)
TIF 2-3 Bayou Blues&Alley Flats Fund Balance-Fund 159 (4,969.03)
Revolving Loan Fund Balance-Fund 250 25,155.55
**Detail available upon request
City of St. Joseph
EDA Check Register 01/09/17 10:04 AM
Page 1
CHECK
# Search Name Comments FUND DEPART Amount
051406 CENTURYLINK Dec T1 line/20 sets 229#'s 150 46500 $50.01
051407 CENTURYLINK BUSINESS SERVICES Nov long distance telephone 150 46500 $3.99
051437 COBORN S INC final tax abatement payment 150 46500 $50,000.00
051447 KENSINGTON BANK 2nd half 2016 TIF Shops&Lof 157 46500 $14,516.56
051475 BRAND BUILT HOMES,INC. DEED housing grant draw#37 150 46500 $368.57
051475 BRAND BUILT HOMES,INC. DEED housing grant draw#37 150 46500 $18,000.00
051484 DANIELSON,DOUG 4th quarter EDA mtgs 150 46500 $70.00
051525 ST.JOSEPH NEWSLEADER,INC PH Millstream Shops&Lofts 157 46500 $57.00
$83,066.13
0.1 City of St. Joseph
EDA Revenue Report 01l09/1710:05AM
Page 1
Current Period:December 2016
2016 December 2016
FUND Descr SOURCE SOURCE Descr YTD Budget 2016 Amt YTD Amt
FUND 150 Economic Development
Economic Development 31010 Current Ad Valorem Taxes $122,365.00 $50,162.21 $106,711.52
Economic Development 33160 Federal Grants-Clther $0.00 $18,000.00 $67,425.00
Economic Development 34150 TIF/MIF Deposit $0.00 $0.00 $10,000.00
Economic Development 34200 DEED Housing Reimbursem $0.00 $0.00 $0.00
Economic Development 36210 Interest Earnings $1,250.00 -$457.30 $993.78
Economic Development 39201 Transfers from Other Funds $0.00 $0.00 $0.00
FUND 150 Economic Development $123,615.00 $67,704.91 $185,130.30
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
TIF 3-1 CMCU 39201 Transfers from Other Funds $0.00 $0.00 $0.00
FUND 152 TIF 3-1 CMCU $0.00 $0.00 $0.00
FUND 153 TIF 4-1 Fortitude Senior Apts
TIF 4-1 Fortitude Senior Apts 31050 Tax Increment $0.00 $0.00 $0.00
TIF 4-1 Fortitude Senior Apts 34150 TIF/MIF Deposit $0.00 $0.00 $17,500.00
TIF 4-1 Fortitude Senior Apts 36210 Interest Earnings $0.00 $0.00 $0.00
TIF 4-1 Fortitude Senior Apts 39201 Transfers from Other Funds $0.00 $0.00 $0.00
FUND 153 TIF 4-1 Fortitude Senior Apts $0.00 $0.00 $17,500.00
FUND 157 TIF 2-1 Millstream
TIF 2-1 Millstream 31050 Tax Increment $37,000.00 $16,129.51 $37,660.18
TIF 2-1 Millstream 36210 Interest Earnings $275.00 -$77.54 $239.75
FUND 157 TIF 2-1 Millstream $37,275.00 $16,051.97 $37,899.93
FUND 158 TIF 2-2 Meat Market
TIF 2-2 Meat Market 31050 Tax Increment $4,000.00 $0.00 $4,158.71
TIF 2-2 Meat Market 36210 Interest Earnings $5.00 -$1.28 $6.56
TIF 2-2 Meat Market 39201 Transfers from Other Funds $0.00 $0.00 $0.00
FUND 158 TIF 2-2 Meat Market $4,005.00 -$1.28 $4,165.27
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
TIF 2-3 Bayou Blues/Alley Fla 39201 Transfers from Other Funds $0.00 $0.00 $0.00
FUND 159 TIF 2-3 Bayou Blues/Alley Flat $0.00 $0.00 $0.00
FUND 220 Lodging Tax
Lodging Tax 31600 Lodging Tax $0.00 $6,986.88 $7,669.14
Lodging Tax 36210 Interest Earnings $0.00 -$0.91 -$0.91
FUND 220 Lodging Tax $0.00 $6,985.97 $7,668.23
FUND 250 Revolving Loan Fund
Revolving Loan Fund 36210 Interest Earnings $250.00 -$94.79 $133.52
Revolving Loan Fund 39201 Transfers from Other Funds $0.00 $0.00 $0.00
Revolving Loan Fund 39320 Revolving Loan Principal $10,995.00 $410.17 $11,381.63
Revolving Loan Fund 39321 Revolving Loan Interest $1,610.00 $100.45 $1,590.02
Revolving Loan Fund 39322 Revolving Loan Origination $0.00 $0.00 $0.00
FUND 250 Revolving Loan Fund $12,855.00 $415.83 $13,105.17
$177,750.00 $91,157.40 $265,468.90
pAid9)1/4A-11/\- City of St. Joseph
EDA Expenditure Report 01/09/17 10:04 AM
Page 1
�..0"'" '°°p`"" Current Period:December 2016
2016 December 2016
Account Descr YTD Budget 2016 Amt YTD Amt
FUND 150 Economic Development •
E 150-46500-101 Salaries $18,985.00 $2,001.82 $18,453.11
E 150-46500-103 Legislative Bodies $1,260.00 $70.00 $280.00
E 150-46500-121 PERA Contributions $1,425.00 $150.14 $1,380.57
E 150-46500-122 FICA Contributions $920.00 $120.28 $1,112.36
E 150-46500-123 Deferred Comp-Employer $385.00 $0.00 $9.37
E 150-46500-125 Medicare Contributions $215.00 $28.12 $260.13
E 150-46500-130 H S A-Employer Contribution $790.00 $0.00 $789.50
E 150-46500-131 Health Insurance $4,190.00 $345.00 $2,415.00
E 150-46500-132 Dental Insurance $755.00 -$1.06 $483.51
E 150-46500-133 Life Insurance $60.00 -$5.80 $14.92
E 150-46500-134 Disabilty Insurance $175.00 $16.40 $49.46
E 150-46500-151 Workers Comp.Insur.Prem. $140.00 $0.00 $51.62
E 150-46500-171 Clothing Allowance $60.00 $0.00 $0.00
E 150-46500-200 Office Supplies $500.00 $0.00 $3.00
E 150-46500-215 Software Support $530.00 $0.00 $591.87
E 150-46500-300 Professional Services $3,000.00 $0.00 $7,310.00
E 150-46500-303 Engineering Fee $2,000.00 $0.00 $0.00
E 150-46500-304 Legal Fees $1,000.00 $0.00 $29.10
E 150-46500-321 Telephone $630.00 $54.00 $651.76
E 150-46500-322 Postage $350.00 $0.00 $0.00
E 150-46500-328 Marketing $2,000.00 $0.00 $0.00
E 150-46500-331 Travel&Conference Expense $245.00 $0.00 $363.57
E 150-46500-340 Advertising $500.00 $0.00 $584.90
E 150-46500-433 Dues&Memberships $0.00 $0.00 $0.00
E 150-46500-582 Computer Software $0.00 $0.00 $301.42
E 150-46500-588 EDA Programs $33,500.00 $18,368.57 $67,793.57
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 $123,615.00 $71,147.47 $152,928.74
FUND 152 TIF 3-1 CMCU
E 152-46500-101 Salaries $0.00 $0.00 $181.27
E 152-46500-121 PERA Contributions $0.00 $0.00 $13.60
E 152-46500-122 FICA Contributions $0.00 $0.00 $10.95
E 152-46500-123 Deferred Comp-Employer $0.00 $0.00 $2.82
E 152-46500-125 Medicare Contributions $0.00 $0.00 $2.55
E 152-46500-132 Dental Insurance $0.00 $0.00 $4.45
E 152-46500-133 Life Insurance $0.00 $0.00 $0.35
E 152-46500-134 Disabilty Insurance $0.00 $0.00 $1.01
E 152-46500-300 Professional Services $0.00 $0.00 $0.00
E 152-46500-301 Audit&Accounting Services $750.00 $0.00 $0.00
E 152-46500-340 Advertising $45.00 $0.00 $32.12
E 152-46500-622 TIF/Abatement Payments $0.00 $0.00 $0.00
E 152-49300-720 Transfers to Other Funds $0.00 $0.00 $0.00
FUND 152 TIF 3-1 CMCU $795.00 $0.00 $249.12
FUND 153 TIF 4-1 Fortitude Senior Apts
E 153-46500-101 Salaries $0.00 $0.00 $0.00
E 153-46500-121 PERA Contributions $0.00 $0.00 $0.00
E 153-46500-122 FICA Contributions $0.00 $0.00 $0.00
E 153-46500-125 Medicare Contributions $0.00 $0.00 $0.00
E 153-46500-300 Professional Services $0.00 $0.00 $15,961.25
E 153-46500-340 Advertising $0.00 $0.00 $370.50
City of St. Joseph
EDA Expenditure Report 01/09/17 10:04 AM
AA,../\,,,,,9KA-- � Page 2
J �
Current Period:December 2016
2016 December 2016
Account Descr YTD Budget 2016 Amt YTD Amt
E 153-46500-588 EDA Programs $0.00 $0.00 $0.00
FUND 153 TIF 4-1 Fortitude Senior Apts $0.Q0 $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 $0.00 $135.00
E 157-46500-301 Audit&Accounting Services $500.00 $0.00 $0.00
E 157-46500-340 Advertising $45.00 $57.00 $89.13
E 157-46500-622 TIF/Abatement Payments $34,000.00 $14,516.56 $33,894.16
E 157-49300-720 Transfers to Other Funds $0.00 $0.00 $0.00
FUND 157 TIF 2-1 Millstream $34,545.00 $14,573.56 $34,447.42
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 TIF/Abatement 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 $40.28 $341.83
E 159-46500-121 PERA Contributions $0.00 $3.02 $25.65
E 159-46500-122 FICA Contributions $0.00 $2.43 $20.63
E 159-46500-123 Deferred Comp-Employer $0.00 $0.62 $4.36
E 159-46500-125 Medicare Contributions $0.00 $0.57 $4.84
E 159-46500-132 Dental Insurance $0.00 -$2.77 $5.51
E 159-46500-133 Life Insurance $0.00 -$0.09 $0.84
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 $44.06 $706.33
FUND 220 Lodging Tax
E 220-46500-309 Visitors Bureau $0.00 $0.00 $0.00
FUND 220 Lodging Tax $0.00 $0.00 $0.00
AM
JitA.,9kA-1-1 City of St. Joseph 01/09/17 10 P4
Pagee
3
EDA Expenditure Report
Current Period:December 2016
2016 December 2016
Account Descr YTD Budget 2016 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
$164,295.00 $85,765.09 $208,754.17
2016 Capital Expenditures
General Fund Capital Improvement Plan-EDA
EDA Recommended:August 26,2015
Adopted December 7,2015
12/31/2015
Available through 12/31 through 12/31
Project Project Reserve -1;:'4k- �7-1 ',.4;:1•*:',� Grants/Aids Spent 2016
Department Account Code Number Equipment Balance ,,,,- 2016 2016 Balance
EDA 150-46500-582 EDA-1401 Computer Software 301.42 1,398.58
, A
EDA 150-46500-588 EDA-1402 Let's Go Downtown 43,339.50 t 'i. 1 43,339.50
EDA-1407 Business Development/TIF 8,205.84 0 c fi 12,500.00 7,638.53 36 567.31
EDA-1407 Parkway Business Center h i µ
EDA-1408 Business Demolition Program 6,710.80h6:4f ; 6,710.80
EDA-1403 BFA Grant/RLF Loan Program 2,627.67 � , $ s,,o,:.,,,, ,-;,-;,,, 12,627.67
EDA-1404 Rental Conversions a -
EDA-1405 CSAH 2/3 Collection Street . -
60,883.81 }' 0-
4 12,500.00 7,638.53 99,245.28
Olt -7:4: -4
TOTAL EDA CIP 62,583.81 1:1_i 12,500.00 7,939.95 100,643.86
EDA-1409 CDBG Grant Development 138,516.50 4 67,425.00 71,091.50
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