HomeMy WebLinkAbout[04b] Financial Reports
EDA Agenda Item 4b
MEETING DATE: February 20, 2018
AGENDA ITEM: January Finance Reports
SUBMITTED BY: Finance
BOARD/COMMISSION/COMMITTEE/COUNCIL RECOMMENDATION: N/A
PREVIOUS EDA ACTION: None
BACKGROUND INFORMATION: Enclosed you will find the reconciled, unaudited financial
reports through January 31, 2018. The ending undesignated balance shows a deficit of $29,993.28. The
designated project balance is $195,212.24. The designated balance includes 2018 capital budget of
$56,600. The budget is covered by property taxes that will not be received until June and December.
The undesignated fund balance is a surplus of $26,607 without showing the 2018 capital budget.
The other funds reported include the TIF funds, Lodging Tax, DEED CDAP Grant reimbursement 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 one outstanding revolving loan at the end of January for the
st
food co-op. The current, unaudited revolving loan fund balance is $68,999 at January 31.
BUDGET/FISCAL IMPACT: For Information Only
ATTACHMENTS: Request for EDA Action – Finance Reports
EDA Financial Summary
EDA Check Register
EDA Revenue Report
EDA Expenditure Report
EDA Summary CIP
REQUESTED BOARD ACTION: Consider acceptance of the January financial reports.
CHECK
#Search NameCommentsFUNDDEPARTAmount
052990CENTURYLINK BUSINESS SERVICESlong distance telephone15046500$9.41
053003SEH, INCAug Professional Plat15046500$696.00
053014CENTURYLINKDec T1 line/20 sets 229 #'s15046500$51.09
053019GREATER ST. CLOUD DEVELOP CORP2018 dues15046500$5,000.00
053052SENTRY BANK-CREDIT CARD2018 EDAM dues15046500$295.00
053052SENTRY BANK-CREDIT CARDJan EDAM conference-Haffner15046500$275.00
053052SENTRY BANK-CREDIT CARDJan Chamber mtg-Haffner15046500$4.00
053059BRIGGS AND MORGAN2017 Bayou Blues TIF2-3 ame15046500$1,000.00
053107SEH, INCDec Parkway Business Center15046500$87.00
$7,417.50
2018January2018
Account DescrSOURCYTD Budget2018 AmtYTD Amt
FUND 150 Economic Development
R 150-46500-31010 Current Ad Valorem Taxes31010$114,325.00$228.81$228.81
R 150-46500-33160 Federal Grants - Other33160$0.00$0.00$0.00
R 150-46500-34150 TIF/MIF Deposit34150$3,600.00$0.00$0.00
R 150-46500-36210 Interest Earnings36210$1,100.00$132.86$132.86
R 150-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
FUND 150 Economic Development$119,025.00$361.67$361.67
FUND 152 TIF 3-1 CMCU
R 152-46500-31050 Tax Increment31050$0.00$0.00$0.00
R 152-46500-36210 Interest Earnings36210$0.00$1.32$1.32
R 152-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
FUND 152 TIF 3-1 CMCU$0.00$1.32$1.32
FUND 153 TIF 4-1 Fortitude Senior Apts
R 153-46500-31050 Tax Increment31050$0.00$0.00$0.00
R 153-46500-34150 TIF/MIF Deposit34150$0.00$0.00$0.00
R 153-46500-36210 Interest Earnings36210$0.00$2.13$2.13
R 153-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
FUND 153 TIF 4-1 Fortitude Senior Apts$0.00$2.13$2.13
FUND 157 TIF 2-1 Millstream
R 157-46500-31050 Tax Increment31050$0.00$0.00$0.00
R 157-46500-36210 Interest Earnings36210$0.00$21.54$21.54
FUND 157 TIF 2-1 Millstream$0.00$21.54$21.54
FUND 158 TIF 2-2 Meat Market
R 158-46500-31050 Tax Increment31050$0.00$0.00$0.00
R 158-46500-36210 Interest Earnings36210$0.00$0.35$0.35
R 158-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
FUND 158 TIF 2-2 Meat Market$0.00$0.35$0.35
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
R 159-46500-31050 Tax Increment31050$0.00$0.00$0.00
R 159-46500-36210 Interest Earnings36210$0.00$0.00$0.00
R 159-49302-39201 Transfers from Other Funds39201$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
R 220-46500-31600 Lodging Tax31600$0.00$71.45$71.45
R 220-46500-36210 Interest Earnings36210$0.00$19.10$19.10
FUND 220 Lodging Tax$0.00$90.55$90.55
FUND 225 DEED CDAP Grant
R 225-46500-34200 DEED Housing Reimbursement34200$0.00$0.00$0.00
R 225-46500-36210 Interest Earnings36210$0.00$10.88$10.88
FUND 225 DEED CDAP Grant$0.00$10.88$10.88
FUND 250 Revolving Loan Fund
R 250-46500-36210 Interest Earnings36210$0.00$57.53$57.53
R 250-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
R 250-46500-39320 Revolving Loan Principal39320$0.00$0.00$0.00
R 250-46500-39321 Revolving Loan Interest39321$0.00$0.00$0.00
2018January2018
Account DescrSOURCYTD Budget2018 AmtYTD Amt
R 250-46500-39322 Revolving Loan Origination Fee39322$0.00$0.00$0.00
FUND 250 Revolving Loan Fund$0.00$57.53$57.53
$119,025.00$545.97$545.97
2018January2018
Account DescrYTD Budget2018 AmtYTD Amt
FUND 150 Economic Development
E 150-46500-101 Salaries$26,050.00$3,277.72$3,277.72
E 150-46500-103 Legislative Bodies$1,260.00$0.00$0.00
E 150-46500-121 PERA Contributions$1,955.00$245.83$245.83
E 150-46500-122 FICA Contributions$1,535.00$198.05$198.05
E 150-46500-123 Deferred Comp-Employer$0.00$0.00$0.00
E 150-46500-125 Medicare Contributions$360.00$46.32$46.32
E 150-46500-130 H S A- Employer Contribution$790.00$450.00$450.00
E 150-46500-131 Health Insurance$4,335.00$440.00$440.00
E 150-46500-132 Dental Insurance$420.00$39.34$39.34
E 150-46500-133 Life Insurance$25.00$2.53$2.53
E 150-46500-134 Disabilty Insurance$220.00$21.19$21.19
E 150-46500-151 Workers Comp. Insur. Prem.$130.00$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$0.00
E 150-46500-215 Software Support$775.00$0.00$0.00
E 150-46500-300 Professional Services$0.00$1,000.00$1,000.00
E 150-46500-303 Engineering Fee$2,000.00$783.00$783.00
E 150-46500-304 Legal Fees$1,000.00$0.00$0.00
E 150-46500-321 Telephone$675.00$60.50$60.50
E 150-46500-322 Postage$100.00$0.00$0.00
E 150-46500-328 Marketing$1,000.00$0.00$0.00
E 150-46500-331 Travel & Conference Expense$500.00$363.69$363.69
E 150-46500-340 Advertising$500.00$0.00$0.00
E 150-46500-433 Dues & Memberships$295.00$5,295.00$5,295.00
E 150-46500-582 Computer Software$500.00$0.00$0.00
E 150-46500-588 EDA Programs$56,100.00$0.00$0.00
E 150-46500-622 TIF/Abatement Payments$18,000.00$0.00$0.00
E 150-49300-720 Transfers to Other Funds$0.00$0.00$0.00
FUND 150 Economic Development$119,025.00$12,223.17$12,223.17
FUND 152 TIF 3-1 CMCU
E 152-46500-101 Salaries$0.00$0.00$0.00
E 152-46500-121 PERA Contributions$0.00$0.00$0.00
E 152-46500-122 FICA Contributions$0.00$0.00$0.00
E 152-46500-123 Deferred Comp-Employer$0.00$0.00$0.00
E 152-46500-125 Medicare Contributions$0.00$0.00$0.00
E 152-46500-132 Dental Insurance$0.00$0.00$0.00
E 152-46500-133 Life Insurance$0.00$0.00$0.00
E 152-46500-134 Disabilty Insurance$0.00$0.00$0.00
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$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$0.00$0.00
FUND 152 TIF 3-1 CMCU$795.00$0.00$0.00
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
2018January2018
Account DescrYTD Budget2018 AmtYTD Amt
E 153-46500-125 Medicare Contributions$0.00$0.00$0.00
E 153-46500-300 Professional Services$0.00$0.00$0.00
E 153-46500-340 Advertising$0.00$0.00$0.00
E 153-46500-588 EDA Programs$0.00$0.00$0.00
FUND 153 TIF 4-1 Fortitude Senior Apts$0.00$0.00$0.00
FUND 157 TIF 2-1 Millstream
E 157-46500-101 Salaries$0.00$0.00$0.00
E 157-46500-121 PERA Contributions$0.00$0.00$0.00
E 157-46500-122 FICA Contributions$0.00$0.00$0.00
E 157-46500-123 Deferred Comp-Employer$0.00$0.00$0.00
E 157-46500-125 Medicare Contributions$0.00$0.00$0.00
E 157-46500-132 Dental Insurance$0.00$0.00$0.00
E 157-46500-133 Life Insurance$0.00$0.00$0.00
E 157-46500-134 Disabilty Insurance$0.00$0.00$0.00
E 157-46500-300 Professional Services$0.00$0.00$0.00
E 157-46500-301 Audit & Accounting Services$500.00$0.00$0.00
E 157-46500-340 Advertising$45.00$0.00$0.00
E 157-46500-622 TIF/Abatement Payments$34,000.00$0.00$0.00
E 157-49300-720 Transfers to Other Funds$0.00$0.00$0.00
FUND 157 TIF 2-1 Millstream$34,545.00$0.00$0.00
FUND 158 TIF 2-2 Meat Market
E 158-46500-101 Salaries$0.00$0.00$0.00
E 158-46500-121 PERA Contributions$0.00$0.00$0.00
E 158-46500-122 FICA Contributions$0.00$0.00$0.00
E 158-46500-123 Deferred Comp-Employer$0.00$0.00$0.00
E 158-46500-125 Medicare Contributions$0.00$0.00$0.00
E 158-46500-131 Health Insurance$0.00$0.00$0.00
E 158-46500-132 Dental Insurance$0.00$0.00$0.00
E 158-46500-133 Life Insurance$0.00$0.00$0.00
E 158-46500-134 Disabilty Insurance$0.00$0.00$0.00
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$0.00
E 158-46500-622 TIF/Abatement Payments$4,000.00$0.00$0.00
FUND 158 TIF 2-2 Meat Market$4,545.00$0.00$0.00
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
E 159-46500-101 Salaries$0.00$0.00$0.00
E 159-46500-121 PERA Contributions$0.00$0.00$0.00
E 159-46500-122 FICA Contributions$0.00$0.00$0.00
E 159-46500-123 Deferred Comp-Employer$0.00$0.00$0.00
E 159-46500-125 Medicare Contributions$0.00$0.00$0.00
E 159-46500-132 Dental Insurance$0.00$0.00$0.00
E 159-46500-133 Life Insurance$0.00$0.00$0.00
E 159-46500-134 Disabilty Insurance$0.00$0.00$0.00
E 159-46500-300 Professional Services$0.00$0.00$0.00
E 159-46500-301 Audit & Accounting Services$750.00$0.00$0.00
E 159-46500-340 Advertising$45.00$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$0.00
2018January2018
Account DescrYTD Budget2018 AmtYTD Amt
FUND 159 TIF 2-3 Bayou Blues/Alley Flat$795.00$0.00$0.00
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
FUND 225 DEED CDAP Grant
E 225-46500-300 Professional Services$0.00$1,750.00$1,750.00
E 225-46500-340 Advertising$0.00$84.00$84.00
FUND 225 DEED CDAP Grant$0.00$1,834.00$1,834.00
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
$159,705.00$14,057.17$14,057.17
EDA
2,398.58
195,212.24
192,813.66192,813.66
Plan
2017
8,
2017
1/31
4,
August
Expenditures
Improvement
December
Capital
1/31through
Capital
Recommended:
2018
Adopted
Fund
EDA
General
500.00
56,600.00
56,100.0056,100.00
1,898.58
138,612.24
Availablethrough
136,713.66136,713.66
12/31/2017
CodeNumberEquipmentBalance201820182018Balance
ProjectProjectReserveBudgetGrants/AidsSpent2018
DepartmentAccount