HomeMy WebLinkAbout[04f] Treasurer Report •
CITY OFST.JOS'ra�M F' Council Agenda Item [04fJ
MEETING DATE: December 17, 2018
AGENDA ITEM: Treasurer's Report—November 2018/TIF and Abatement Payments
SUBMITTED BY: Finance
•
BOARD/COMMISSION/COMMITTEE RECOMMENDATION: N/A
PREVIOUS COUNCIL ACTION: None
BACKGROUND INFORMATION:
Cash/investment reconciled through November 30, 2018. Budget to actual reports attached for Council
review.
The cash and investment balance decreased$1,625,011 since the beginning of the year. Building and
development fees continue to exceed budget in 2018. The first and second half bond payments were paid
in. The second half state aids and tax settlement will be received in December. The negative cash
balances will be covered once the taxes are received.
The General fund spent 86%of the expenditure budget and received 62%of the revenue budget at the end
of November. As stated above,building permit revenue is exceeding the budget for 2018. As of the end
of November,the revenue exceeded budget by$121,353. By the end of November, 25 new single family
home permits were issued. Other permit revenue came from CSB projects, Country Manor 2nd year
development agreement payments, and 24 College North. Other general revenues are fairly consistent
with budgeted amounts. Police state aid came in $12,500 over budget to assist police expenditures.
Interest earnings are showing a deficit of$365. This is due to investments shown at market rate that .
fluctuates throughout the life of the investments. Some months will be positive, others negative. General
expenditures are within budgeted amounts with exception of the following departments: Planning and
Zoning(due to annexation and carry forward budget of the comp plan); Engineering(2019 street
feasibility will be reimbursed in 2019, developer costs will be reimbursed by the developers as their
projects progress); Maintenance Shop(lightning strike-costs covered by insurance); Ball Park(used
mower with reserved budget); Emergency Management(train new manager.
The Enterprise funds spent 93%(without depreciation)and received 66%of the revenue budget. The
utility bills represent 8.5 month's usage. Expenses represent eleven months. The water plant one
reconditioning project was completed in November. Expenses included in department 49420 include
project expenses that were funded with the 2017 water bonds. The plant shows over-budget for the
capital expenses. The Baker St lift station shows an overage. This is due to adding a permanent
generator to the site that was budgeted over a few years in the CIP. There have been a few water main and
storm sewers faulting in 2018. The repairs are over budged amounts. Also,water plant two was hit by
lightning. Insurance is reimbursing the repair costs. Other expenses are operational in nature.
Also included in the Treasurer's Report are the second half TIF and Abatement payments. The tax
settlement was received in early December. The payments represent the amounts received less
administrative and contracted fees. The payments are included in the bills payables.
BUDGET/FISCAL IMPACT: $66,111.69 TIF/Abatement Payments
ATTACHMENTS: Request for Council Action—Treasurer's Report
2018 Treasurer's Reports:
Cash Balances
Month End Revenue Summary
Month End Revenue Summary—General Fund
Month End Revenue Summary—Enterprise Funds
Month End Expenditure Summary
Month End Expenditure Summary—General Fund
Month End Expense Summary—Enterprise Funds
TIF/Abatement Payments •
REQUESTED COUNCIL ACTION: Accept the Treasurer's Report and TIF/Abatement payments as
presented.
City of St. Joseph 12/14/18 9:34 AM
Page 1
Cash Balances Only
Current Period:November 2018
MTD MTD Current
FUND Descr Account Begin Yr Debit Credit Balance
Last Dim 10100
General G 101-10100 $1,835,385.36 $31,252.51 $231,198.26 $1,014,098.72
Employee Retirement Reserve G 102-10100 $115,843.34 $0.00 $0.00 $122,343.34
Fire Fund G 105-10100 $521,806.17 $1,060.51 $18,378.19 $608,642.04
Cable Access Fee G 108-10100 $33,717.49 $594.68 $0.00 $4,532.63
Economic Development G 150-10100 $27,549.20 $15.76 $9,458.33 $6,320.07
TIF 3-1 CMCU G 152-10100 $2,759.65 $3.22 $0.14 $3,543.25
TIF 4-1 Fortitude Senior Apts G 153-10100 $2,136.02 $1.74 $0.08 $1,921.38
TIF 2-1 Millstream G 157-10100 $23,356.90 $21.33 $0.94 $23,482.57
TIF 2-2 Meat Market G 158-10100 $332.52 $0.35 $0.02 $389.42
TIF 2-3 Bayou Blues/Alley Flat G 159-10100 $119.95 $0.00 $1,250.00 -$2,574.86
State Collected Sales Tax G 200-10100 $961,315.04 $38,554.23 $257,910.94 $817,103.13
Park Dedication G 205-10100 $121,019.37 $107.55 $6,726.65 $76,907.84
Charitable Gambling G 215-10100 $2,084.77 $1.90 $0.08 $2,092.67
Lodging Tax G 220-10100 $20,177.02 $1,278.96 $1,801.14 $29,541.40
DEED CDAP Grant G 225-10100 $11,126.43 $20.50 $0.90 $25,090.87
Revolving Loan Fund G 250-10100 $205,554.66 $191.98 $8.46 $211,339.59
2016 CIP Bonds[govt center] G 301-10100 $17,890.40 $136.73 $226,627.28 -$76,101.05
2017A CIP Bonds[Gov Center] G 303-10100 $55,005.64 $3,106.72 $51,214.38 $101,067.87
2016 Street Impr[Field St] G 304-10100 $190,459.50 $98.94 $60,988.00 $46,040.09
2017B Impr Bonds[CBD Alleys G 305-10100 $44,961.76 $88.94 $39,511.42 $16,909.11
2018 Equip Certificates G 306-10100 $0.00 $117.89 $5,781.80 $200.94
2010B Refundin[Hill/Clover] G 333-10100 $108,556.26 $97,296.98 $139,629.68 $99,495.65
2011A CO Refund[Interior St] G 338-10100 $100,177.59 $10,712.68 $2.26 $21,599.52
2009B GO CIP Bonds G 343-10100 $10,633.34 $36.23 $61,126.60 -$21,249.47
2010B Street Impr[16th Ave] G 345-10100 $169,832.48 $165.79 $56,334.81 $126,179.51
2011A Pumper Truck Certificat G 346-10100 $27.97 $1.46 $0.06 -$9,620.57
2011A GO CIP Bonds[roof/gar] G 347-10100 $3,319.92 $0.49 $500.02 -$6,987.84
2013 Street Improve Bonds G 348-10100 $110,704.94 $106.23 $38,889.68 $78,065.78
2013 Equipment Certificates G 349-10100 $7,044.14 $33.38 $60,601.47 -$23,848.22
2014 Street Impr[ParkTerrace G 350-10100 $249,175.21 $8,324.95 $139,729.08 $160,253.90
2015 Street[Clinton/Northland] G 351-10100 $146,996.79 $5,174.76 $65,482.92 $138,898.63
2015 Equipment Certificates G 352-10100 $1,527.89 $73.36 $35,878.23 $44,882.69
2015 Abatement Bonds[Kenne G 353-10100 $20,204.35 $145.23 $131,073.90 $28,820.05
Debt Service Relief G 390-10100 $392,280.94 $0.00 $0.00 $274,256.58
Community Center phase I G 402-10100 $1,884.67 $2.25 $0.10 $2,469.22
2017 CBD Alley Improve ph 1 G 405-10100 $62,955.96 $0.00 $1,220.11 $40,168.73
2018 Equip Certificates G 406-10100 $0.00 $0.00 $13,454.72 $81,956.21
Capital Outlay G 490-10100 $347,121.83 $0.00 $0.00 $363,210.77
WAC Fund G 501-10100 $241,291.01 $420.78 $18.54 $480,546.95
SAC Fund G 502-10100 $6,318.77 $66.30 $2.92 $83,147.90
Water Fund G 601-10100 $670,381.85 $51,998.17 $682,645.99 $270,334.15
Sewer Fund G 602-10100 $2,345.84 $53,453.76 $322,106.83 $11,132.85
Refuse Collection G 603-10100 $257,764.40 $11,991.79 $26,385.34 $233,458.06
Storm Water Utility G 651-10100 $280,964.44 $2,484.33 $18,126.56 $242,290.79
Street Light Utility G 652-10100 $23,576.76 $2,870.97 $4,527.65 $30,325.13
Last Dim 10100 $7,407,688.54 $322,014.33 $2,708,594.48 $5,782,677.99
Last Dim 10200
General G 101-10200 $275.00 $0.00 $0.00 $275.00
Last Dim 10200 $275.00 $0.00 $0.00 $275.00
City of St. Joseph 12/14/18 9:34 AM
Page 2
Cash Balances Only
Current Period:November 2018
MTD MTD Current
FUND Descr Account Begin Yr Debit Credit Balance
$7,407,963.54 $322,014.33 $2,708,594.48 $5,782,952.99
City of St. Joseph 12/14/18 9:37 AM
Page 1
Council Month End Revenue Summary
Current Period:November 2018
2018 November 2018
FUND FUND Descr YTD Budget 2018 Amt YTD Amt
101 General $2,961,415.00 $30,078.52 $1,871,112.06
102 Employee Retirement Reserve $6,500.00 $0.00 $6,500.00
105 Fire Fund $342,995.00 $1,024.54 $345,197.86
108 Cable Access Fee $7,935.00 $594.68 $6,162.36
150 Economic Development $119,025.00 $15.07 $57,151.28
152 TIF 3-1 CMCU $0.00 $3.08 $21,670.69
153 TIF 4-1 Fortitude Senior Apts $0.00 $1.66 $17,563.06
157 TIF 2-1 Millstream $0.00 $20.39 $14,437.10
158 TIF 2-2 Meat Market $0.00 $0.33 $2,191.70
159 TIF 2-3 Bayou Blues/Alley Flat $0.00 $0.00 $148.25
200 State Collected Sales Tax $425,000.00 $38,554.23 $308,290.89
205 Park Dedication $35,240.00 $103.40 $11,946.68
215 Charitable Gambling $0.00 $1.82 $2.77
220 Lodging Tax $0.00 $1,277.82 $14,586.98
225 DEED CDAP Grant $0.00 $19.60 $15,779.44
250 Revolving Loan Fund $0.00 $183.52 $5,719.93
301 2016 CIP Bonds[govt center] $270,005.00 $130.70 $178,414.74
303 2017A CIP Bonds[Gov Center] $55,500.00 $3,102.02 $105,640.18
304 2016 Street Impr[Field St] $55,290.00 $94.58 $25,288.44
305 2017B Impr Bonds[CBD Alleys] $48,085.00 $85.02 $18,555.67
306 2018 Equip Certificates $0.00 $112.69 $17,235.54
333 2010B Refundin[Hill/Clover] $178,360.00 $97,291.30 $134,832.42
338 2011A CO Refund[Interior St] $118,950.00 $10,710.42 $62,710.82
343 2009B GO CIP Bonds $57,050.00 $34.63 $30,262.22
345 2010B Street Impr[16th Ave] $41,120.00 $158.48 $18,603.43
346 2011A Pumper Truck Certificate $43,660.00 $1.40 $33,983.08
347 2011A GO CIP Bonds[roof/gar] $23,035.00 $0.47 $72,197.52
348 2013 Street Improve Bonds $20,585.00 $101.55 $9,892.52
349 2013 Equipment Certificates $57,065.00 $31.91 $30,220.74
350 2014 Street Impr[ParkTerrace] $101,395.00 $8,313.37 $74,521.23
351 2015 Street[Clinton/Northland] $44,160.00 $5,166.84 $62,125.64
352 2015 Equipment Certificates $37,005.00 $70.13 $79,819.00
353 2015 Abatement Bonds[Kennedy] $160,185.00 $138.83 $160,732.96
390 Debt Service Relief $28,000.00 $0.00 $4,713.88
402 Community Center phase I $0.00 $2.15 $582.73
406 2018 Equip Certificates $0.00 $0.00 $271,460.40
490 Capital Outlay $77,320.00 $0.00 $39,985.17
501 WAC Fund $0.00 $402.24 $238,826.20
502 SAC Fund $162,500.00 $63.38 $76,789.72
601 Water Fund $1,281,170.00 $47,029.58 $803,513.05
602 Sewer Fund $1,421,370.00 $52,872.37 $958,735.47
City of St. Joseph 12/14/18 9:38 AM
Page 2
Council Month End Revenue Summary
Current Period:November 2018
2018 November 2018
FUND FUND Descr YTD Budget 2018 Amt YTD Amt
603 Refuse Collection $280,200.00 $8,872.46 $206,598.78
651 Storm Water Utility $60,940.00 $2,470.67 $40,448.33
652 Street Light Utility $80,815.00 $2,865.19 $61,863.80
$8,601,875.00 $312,001.04 $6,517,014.73
City of St. Joseph 12/14/18 9:37 AM
Page 1
Council Month End Revenue -General Fund
Current Period:November 2018
2018 November 2018
FUND FUND Descr SOURCE Descr YTD Budget 2018 Amt YTD Amt
FUND 101 General
101 General Current Ad Valorem Taxes $1,282,660.00 $424.62 $609,394.22
101 General Special Levy-City St.Joe $0.00 $0.00 $0.00
101 General State Sales Tax $0.00 $1.03 $39.50
101 General Gravel Tax $0.00 $0.00 $0.00
101 General Solar Production Tax $0.00 $0.00 $0.00
101 General Gas Franchise $31,210.00 $0.00 $21,868.62
101 General Electric Franchise $58,335.00 $2,006.96 $48,077.93
101 General Licenses&Permits $10,000.00 $0.00 $10,200.00
101 General Beer $1,950.00 $0.00 $3,205.44
101 General Liquor $29,135.00 $900.00 $28,066.24
101 General Outdoor Liquor Permit $1,775.00 $0.00 $3,130.00
101 General Gambling Permits $375.00 $40.00 $470.00
101 General Amusement/Hunt/Peddler/Golf $1,400.00 $980.00 $1,375.00
101 General Excavation Permit $500.00 $50.00 $550.00
101 General Cigarette License $675.00 $600.00 $662.50
101 General Cable Franchise Fee $34,000.00 $1,195.51 $26,264.53
101 General Building Permits $115,000.00 $4,809.30 $236,353.01
101 General Animal License $3,400.00 $40.00 $3,035.00
101 General Rental Housing Registration $30,305.00 $2,209.71 $32,760.83
101 General Federal Grants-Other $12,000.00 $0.00 $1,873.65
101 General State Grants and Aids $1,100.00 $79.70 $79.70
101 General Local Government Aid $989,464.00 $0.00 $494,732.00
101 General PERA Rate Increase Aid $1,541.00 $0.00 $770.50
101 General Police Training Reim $3,500.00 $0.00 $11,224.02
101 General State Municipal Funds Aid $50,000.00 $0.00 $56,098.00
101 General State Police Aid $62,000.00 $0.00 $74,527.32
101 General Other Grants/Aids $0.00 $0.00 $0.00
101 General Other Governmental Unit $10,000.00 $0.00 $10,000.00
101 General County Grants-Road Maint. $6,500.00 $0.00 $0.00
101 General Zoning and Subdivision Fee $5,000.00 $0.00 $7,175.00
101 General Land Use Deposit Fee $4,000.00 $0.00 $7,850.00
101 General Sale of Maps and Publications $50.00 $0.00 $25.45
101 General Assessments Search $4,000.00 $480.00 $6,120.00
101 General Special Hearing $5,500.00 $300.00 $2,600.00
101 General Administration Reimb $12,745.00 $0.00 $248.00
101 General Weed Cutting $500.00 $200.00 $400.00
101 General Admission Fee $1,000.00 $24.00 $24.00
101 General Shelter/Room Rental Fees $7,500.00 $400.00 $9,530.00
101 General Ball Field Donation $100.00 $0.00 $0.00
101 General Schneider Field Rental $1,500.00 $0.00 $1,325.00
City of St. Joseph 12/14/18 9:37 AM
Page 2
Council Month End Revenue -General Fund
Current Period:November 2018
2018 November 2018
FUND FUND Descr SOURCE Descr YTD Budget 2018 Amt YTD Amt
101 General Rents and Royalties $53,450.00 $5,089.40 $55,983.40
101 General Kennel Fees $500.00 $0.00 $117.00
101 General County Fines $40,000.00 $0.00 $24,772.58
101 General Policy Fines $15,000.00 $7,899.95 $23,172.10
101 General Accident Report Fee $1,200.00 $365.25 $1,565.75
101 General Seized Property $500.00 $0.00 $2,268.05
101 General Special Assessments $3,000.00 $0.00 $3,963.95
101 General Interest Earnings $20,000.00 $1,566.91 -$364.56
101 General Interest Charges $200.00 $0.00 $21.33
101 General Co-op Dividend-LMCIT $14,000.00 $194.18 $194.18
101 General Water Tower Antenna Lease $3,930.00 $0.00 $7,838.05
101 General Advertising $1,200.00 $200.00 $1,000.00
101 General Contributions-General $500.00 $0.00 $5,896.00
101 General Contributions-Parks $500.00 $22.00 $411.74
101 General Surplus Property $0.00 $0.00 $0.00
101 General Reimbursement $28,715.00 $0.00 $29,798.50
101 General Insurance Recovery $0.00 $0.00 $4,418.53
101 General Transfers from Other Funds $0.00 $0.00 $0.00
FUND 101 General $2,961,415.00 $30,078.52 $1,871,112.06
FUND 102 Employee Retirement Reserve
102 Employee Retirement Res Transfers from Other Funds $6,500.00 $0.00 $6,500.00
FUND 102 Employee Retirement Reserve $6,500.00 $0.00 $6,500.00
FUND 108 Cable Access Fee
108 Cable Access Fee Cable Franchise Fee $7,935.00 $594.68 $6,162.36
108 Cable Access Fee Transfers from Other Funds $0.00 $0.00 $0.00
FUND 108 Cable Access Fee $7,935.00 $594.68 $6,162.36
FUND 150 Economic Development
150 Economic Development Current Ad Valorem Taxes $114,325.00 $0.00 $53,866.15
150 Economic Development Federal Grants-Other $0.00 $0.00 $0.00
150 Economic Development TIF/MIF Deposit $3,600.00 $0.00 $1,500.00
150 Economic Development Tax Abatement Reimbursement $0.00 $0.00 $2,017.00
150 Economic Development Interest Earnings $1,100.00 $15.07 -$231.87
150 Economic Development Transfers from Other Funds $0.00 $0.00 $0.00
FUND 150 Economic Development $119,025.00 $15.07 $57,151.28
FUND 490 Capital Outlay
490 Capital Outlay Current Ad Valorem Taxes $77,320.00 $0.00 $36,485.17
490 Capital Outlay Federal Grants-Other $0.00 $0.00 $0.00
490 Capital Outlay Surplus Property $0.00 $0.00 $3,500.00
FUND 490 Capital Outlay $77,320.00 $0.00 $39,985.17
City of St. Joseph 12/14/18 9:37 AM
Page 3
Council Month End Revenue -General Fund
Current Period:November 2018
2018 November 2018
FUND FUND Descr SOURCE Descr YTD Budget 2018 Amt YTD Amt
$3,172,195.00 $30,688.27 $1,980,910.87
City of St. Joseph 12/14/18 9:36 AM
Page 1
Council Month End Revenue -Enterprise Funds
Current Period:November 2018
FUND 2018 November 2018
FUND Descr SOURCE Descr YTD Budget 2018 Amt YTD Amt
FUND 601 Water Fund
601 Water Fund Penalties and Forfeited Disc $8,110.00 $44.28 $7,454.87
601 Water Fund General Oblig. Bond Proceeds $0.00 $0.00 $0.00
601 Water Fund Transfers from Other Funds $207,000.00 $0.00 $0.00
601 Water Fund Contributed Revenue $0.00 $0.00 $0.00
601 Water Fund MDS Test Fee $12,250.00 $519.81 $8,403.79
601 Water Fund Current Ad Valorem Taxes $22,500.00 $0.00 $11,662.92
601 Water Fund Water Meter $5,000.00 $0.00 $17,600.00
601 Water Fund Connection/Reconnection fees $0.00 $0.00 $0.00
601 Water Fund Undesignated Funds $0.00 -$2,654.60 -$1,998.46
601 Water Fund Bulk Water $2,500.00 $59.05 $3,811.79
601 Water Fund State Grants and Aids $0.00 $0.00 -$48.00
601 Water Fund Water Fixed Charge $319,230.00 $16,366.32 $237,955.49
601 Water Fund State Sales Tax $0.00 -$492.93 -$2,822.18
601 Water Fund Usage Rate $635,545.00 $32,485.44 $494,282.79
601 Water Fund Special Assessments $400.00 $0.00 -$704.08
601 Water Fund Interest Earnings $33,250.00 $702.21 $680.64
601 Water Fund Amortization of Bond Premium $0.00 $0.00 $0.00
601 Water Fund Water Tower Antenna Lease $35,385.00 $0.00 $27,095.48
601 Water Fund Surplus Property $0.00 $0.00 $0.00
601 Water Fund Reimbursement $0.00 $0.00 $138.00
FUND 601 Water Fund $1,281,170.00 $47,029.58 $803,513.05
FUND 602 Sewer Fund
602 Sewer Fund Penalties and Forfeited Disc $7,500.00 $37.12 $7,138.84
602 Sewer Fund Other Governmental Unit $0.00 $0.00 $0.00
602 Sewer Fund Special Assessments $400.00 $0.00 $61.90
602 Sewer Fund Interest Earnings $15,000.00 $1,315.13 $1,544.66
602 Sewer Fund Amortization of Bond Premium $0.00 $0.00 $0.00
602 Sewer Fund Contributions-General $0.00 $10.00 $729.75
602 Sewer Fund Surplus Property $0.00 $0.00 $0.00
602 Sewer Fund Reimbursement $4,000.00 $0.00 $0.00
602 Sewer Fund State Grants and Aids $0.00 $0.00 -$39.00
602 Sewer Fund Contributed Revenue $0.00 $0.00 $0.00
602 Sewer Fund Sewer Fixed Charge $541,935.00 $22,768.01 $379,746.45
602 Sewer Fund Transfers from Other Funds $0.00 $0.00 $0.00
602 Sewer Fund Sanitary Sewer Use Service $852,535.00 $28,742.11 $569,552.87
FUND 602 Sewer Fund $1,421,370.00 $52,872.37 $958,735.47
FUND 603 Refuse Collection
603 Refuse Collect Penalties and Forfeifted Disc $5,700.00 $24.97 $3,152.06
603 Refuse Collect Contributed Revenue $0.00 $0.00 $0.00
603 Refuse Collect Reimbursement $1,850.00 $0.00 $1,608.29
603 Refuse Collect Contributions-General $0.00 $0.00 $0.00
603 Refuse Collect Special Assessments $200.00 $0.00 $12.40
603 Refuse Collect Refuse Collection Charges $269,450.00 $10,536.24 $179,897.03
603 Refuse Collect State Grants and Aids $0.00 $0.00 -$5.00
603 Refuse Collect Licenses&Permits $0.00 $145.00 $24,880.60
603 Refuse Collect State Sales Tax $0.00 -$2,046.15 -$3,316.58
603 Refuse Collect Interest Earnings $3,000.00 $212.40 $369.98
FUND 603 Refuse Collection $280,200.00 $8,872.46 $206,598.78
City of St. Joseph 12/14/18 9:36 AM
Page 2
Council Month End Revenue -Enterprise Funds
Current Period:November 2018
FUND 2018 November 2018
FUND Descr SOURCE Descr YTD Budget 2018 Amt YTD Amt
FUND 651 Storm Water Utility
651 Storm Water State Grants and Aids $0.00 $0.00 -$10.00
651 Storm Water Storm Water Develop Fee $4,000.00 $0.00 $2,698.00
651 Storm Water Storm Water Use Service $51,920.00 $2,243.45 $38,348.15
651 Storm Water Penalties and Forfeifted Disc $2,120.00 $2.44 $599.68
651 Storm Water Contributed Revenue $0.00 $0.00 $0.00
651 Storm Water Special Assessments $400.00 $0.00 -$1,392.95
651 Storm Water Other Grants/Aids $0.00 $0.00 $0.00
651 Storm Water Interest Earnings $2,500.00 $224.78 $205.45
FUND 651 Storm Water Utility $60,940.00 $2,470.67 $40,448.33
FUND 652 Street Light Utility
652 Street Light U State Grants and Aids $0.00 $0.00 -$2.00
652 Street Light U Other Grants/Aids $0.00 $0.00 $571.00
652 Street Light U Special Assessments $50.00 $0.00 $2.02
652 Street Light U Interest Earnings $400.00 $25.05 $381.28
652 Street Light U Contributions-General $0.00 $0.00 $7,000.00
652 Street Light U Reimbursement $3,000.00 $0.00 $0.00
652 Street Light U Usage Rate $76,365.00 $2,836.53 $53,333.22
652 Street Light U Penalties and Forfeited Disc $1,000.00 $3.61 $578.28
FUND 652 Street Light Utility $80,815.00 $2,865.19 $61,863.80
$3,124,495.00 $114,110.27 $2,071,159.43
City of St. Joseph 12/14/18 9:35 AM
Page 1
Council Month End Expenditure -Summary
Current Period:November 2018
2018 November 2018
Description YTD Budget 2018 Amt YTD Amt
General $2,961,415.00 $252,382.32 $2,591,762.04
Employee Retirement Reserve $0.00 $0.00 $0.00
Fire Fund $346,465.00 $18,342.22 $206,079.28
Cable Access Fee $7,935.00 $0.00 $36,000.00
Economic Development $119,025.00 $9,457.64 $76,904.51
TIF 3-1 CMCU $795.00 $0.00 $20,891.05
TIF 4-1 Fortitude Senior Apts $0.00 $0.00 $17,780.24
TIF 2-1 Millstream $34,545.00 $0.00 $14,365.84
TIF 2-2 Meat Market $4,545.00 $0.00 $2,136.16
TIF 2-3 Bayou Blues/Alley Flat $795.00 $1,250.00 $2,843.06
State Collected Sales Tax $1,110,000.00 $257,910.94 $537,376.04
Park Dedication $143,190.00 $6,722.50 $56,420.50
Charitable Gambling $4,500.00 $0.00 $0.00
Lodging Tax $0.00 $1,800.00 $5,800.00
DEED CDAP Grant $0.00 $0.00 $1,834.00
Revolving Loan Fund $0.00 $0.00 $35.00
2016 CIP Bonds[govt center] $273,345.00 $226,621.25 $273,242.50
2017A CIP Bonds[Gov Center] $55,070.00 $51,209.68 $59,471.45
2016 Street Impr[Field St] $63,950.00 $60,983.64 $88,879.71
2017B Impr Bonds[CBD Alleys] $46,745.00 $39,507.50 $46,644.38
2018 Equip Certificates $0.00 $5,776.60 $17,034.60
2010B Refundin[Hill/Clover] $144,350.00 $139,624.00 $144,248.00
2011A CO Refund[Interior St] $141,730.00 $0.00 $142,125.00
2009B GO CIP Bonds $62,745.00 $61,125.00 $62,250.00
2010B Street Impr[16th Ave] $62,755.00 $56,327.50 $62,655.00
2011A Pumper Truck Certificate $43,660.00 $0.00 $43,560.00
2011A GO CIP Bonds[roof/gar] $21,820.00 $500.00 $82,470.00
2013 Street Improve Bonds $42,870.00 $38,885.00 $42,770.00
2013 Equipment Certificates $61,300.00 $60,600.00 $61,200.00
2014 Street Impr[ParkTerrace] $164,535.00 $139,717.50 $164,435.00
2015 Street[Clinton/Northland] $71,050.00 $65,475.00 $70,950.00
2015 Equipment Certificates $36,850.00 $35,875.00 $36,750.00
2015 Abatement Bonds[Kenned $152,235.00 $131,067.50 $152,135.00
Debt Service Relief $141,000.00 $0.00 $122,809.93
Community Center phase I $0.00 $0.00 $0.00
2016 Imp Field St $0.00 $0.00 $0.00
2017 CBD Alley Improve ph 1 $0.00 $1,220.11 $12,127.43
2018 Equip Certificates $0.00 $13,454.72 $189,504.19
Capital Outlay $77,320.00 $0.00 $22,166.02
WAC Fund $200,000.00 $0.00 $0.00
SAC Fund $96,090.00 $0.00 $0.00
City of St. Joseph 12/14/18 9:35 AM
Page 2
Council Month End Expenditure - Summary
Current Period:November 2018
2018 November 2018
Description YTD Budget 2018 Amt YTD Amt
Water Fund $1,612,550.00 $677,677.40 $1,328,655.00
Sewer Fund $1,812,260.00 $321,525.44 $1,067,060.37
Refuse Collection $293,185.00 $23,266.01 $262,462.68
Storm Water Utility $256,345.00 $18,112.90 $106,667.75
Street Light Utility $80,975.00 $4,521.87 $60,986.11
$10,747,945.00 $2,720,939.24 $8,293,487.84
City of St. Joseph 12/14/18 9:34 AM
Page 1
Council Month End Expenditure -General Fund
Current Period:November 2018
2018 November 2018
Description DEPART Descr YTD Budget 2018 Amt YTD Amt
FUND 101 General
General Council $64,605.00 $9,102.01 $54,155.42
General Legislative Committees $5,945.00 $1,470.72 $3,228.93
General Ordinance&Proceedings $2,600.00 $172.89 $2,136.37
General Mayor $11,845.00 $782.53 $8,760.01
General Elections $2,500.00 $6,654.92 $8,178.69
General General Adminstration $269,605.00 $14,110.49 $230,143.78
General Finance $139,945.00 $9,361.19 $118,071.17
General Audit Service $30,000.00 $0.00 $27,750.00
General Assessing $24,000.00 $0.00 $24,579.83
General City Attorney $18,000.00 $752.50 $19,234.37
General Planning and Zoning $76,065.00 $5,730.69 $85,839.49
General General Government $38,960.00 $2,834.06 $33,244.40
General City Offices $38,510.00 $1,453.75 $42,718.73
General Cable Access $6,390.00 $718.61 $4,233.03
General Crime Control&Investigation $1,127,945.00 $68,987.28 $896,887.92
General Police Training $9,545.00 $2,018.78 $7,968.11
General Communication Service $12,780.00 $6,942.73 $17,094.84
General Automotive Services $57,360.00 $8,455.14 $43,798.32
General Building Inspec.Admistration $95,200.00 $7,768.34 $79,167.79
General Emergency Management $975.00 $7.25 $1,701.20
General Animal Control $815.00 $0.00 $403.99
General Street Maintanence $297,290.00 $49,215.09 $266,451.13
General Ice&Snow Removal $120,235.00 $3,695.26 $81,391.59
General Engineering Fee $35,000.00 $31,769.99 $70,566.11
General Street Cleaning $14,095.00 $1,468.60 $8,438.18
General Skate Park and Ice Rink $5,410.00 $632.10 $4,490.91
General Ball Park $1,750.00 $0.00 $3,878.60
General Maintenance Shop $26,475.00 $1,786.82 $30,646.22
General Park Areas $230,050.00 $10,371.02 $218,164.54
General Community Center $63,115.00 $6,119.56 $52,902.61
General Other Financing Uses $0.00 $0.00 $12,563.44
General Fire Protection $134,405.00 $0.00 $132,972.32
FUND 101 General $2,961,415.00 $252,382.32 $2,591,762.04
FUND 102 Employee Retirement Reserve
Employee Retirement Resery General Adminstration $0.00 $0.00 $0.00
FUND 102 Employee Retirement Reserve $0.00 $0.00 $0.00
FUND 108 Cable Access Fee
Cable Access Fee Cable Access $7,935.00 $0.00 $0.00
Cable Access Fee Other Financing Uses $0.00 $0.00 $36,000.00
City of St. Joseph 12/14/18 9:34 AM
Page 2
Council Month End Expenditure - General Fund
Current Period:November 2018
2018 November 2018
Description DEPART Descr YTD Budget 2018 Amt YTD Amt
FUND 108 Cable Access Fee $7,935.00 $0.00 $36,000.00
FUND 150 Economic Development
Economic Development Economic Development Authority $119,025.00 $9,457.64 $76,904.51
Economic Development Other Financing Uses $0.00 $0.00 $0.00
FUND 150 Economic Development $119,025.00 $9,457.64 $76,904.51
FUND 490 Capital Outlay
Capital Outlay General Adminstration $11,300.00 $0.00 $6,464.56
Capital Outlay Crime Control&Investigation $3,380.00 $0.00 $0.00
Capital Outlay Communication Service $4,875.00 $0.00 $0.00
Capital Outlay Automotive Services $13,595.00 $0.00 $2,459.25
Capital Outlay Emergency Management $1,500.00 $0.00 $0.00
Capital Outlay Street Maintanence $3,750.00 $0.00 $3,810.00
Capital Outlay Ice&Snow Removal $7,500.00 $0.00 $992.86
Capital Outlay Street Cleaning $2,750.00 $0.00 $0.00
Capital Outlay Maintenance Shop $5,000.00 $0.00 $0.00
Capital Outlay Park Areas $23,670.00 $0.00 $8,439.35
Capital Outlay Community Center $0.00 $0.00 $0.00
Capital Outlay Other Financing Uses $0.00 $0.00 $0.00
FUND 490 Capital Outlay $77,320.00 $0.00 $22,166.02
$3,165,695.00 $261,839.96 $2,726,832.57
City of St. Joseph 12/14/18 9:36 AM
Page 1
Council Month End Expense - Enterprise Funds
Current Period:November 2018
2018 November 2018
Description DEPART Descr YTD Budget 2018 Amt YTD Amt
FUND 601 Water Fund
Water Fund Bond Payment(P&I) $706,535.00 $637,377.50 $694,215.56
Water Fund Other Financing Uses $41,500.00 $0.00 $500.00
Water Fund Power and Pumping $28,925.00 $591.26 $5,794.26
Water Fund Purification-Plant 1 $31,170.00 $2,156.15 $277,528.92
Water Fund Purification-Plant 2 $85,300.00 $7,174.17 $75,014.08
Water Fund Distribution $10,000.00 $1,841.49 $18,872.06
Water Fund Wellhead Protection $3,000.00 $0.00 $0.00
Water Fund Storage-Tower 1 $15,890.00 $521.47 $5,572.21
Water Fund Water Maintenance $262,325.00 $25,829.01 $215,116.36
Water Fund Administration and General $27,905.00 $2,186.35 $36,041.55
Water Fund Depreciation Expense $400,000.00 $0.00 $0.00
FUND 601 Water Fund $1,612,550.00 $677,677.40 $1,328,655.00
FUND 602 Sewer Fund
Sewer Fund Bond Payment(P&I) $230,360.00 $178,954.00 $187,436.00
Sewer Fund Other Financing Uses $7,500.00 $0.00 $500.00
Sewer Fund Sanitary Sewer Maintenanc $209,845.00 $11,322.52 $131,010.32
Sewer Fund Lift Station-Baker Street $5,865.00 $364.98 $3,388.83
Sewer Fund Lift Station-Ridgewood/DBL $2,695.00 $97.58 $1,418.58
Sewer Fund Lift Station-Northland $4,665.00 $210.97 $1,011.60
Sewer Fund Lift Station-CR 121 $5,340.00 $428.09 $43,905.76
Sewer Fund Lift Station-Main $813,930.00 $128,008.68 $657,832.76
Sewer Fund Administration and General $32,060.00 $2,138.62 $40,556.52
Sewer Fund Depreciation Expense $500,000.00 $0.00 $0.00
FUND 602 Sewer Fund $1,812,260.00 $321,525.44 $1,067,060.37
FUND 603 Refuse Collection
Refuse Collectio Waste Collection $286,010.00 $23,266.01 $261,962.68
Refuse Collectio Other Financing Uses $500.00 $0.00 $500.00
Refuse Collectio Depreciation Expense $6,675.00 $0.00 $0.00
FUND 603 Refuse Collection $293,185.00 $23,266.01 $262,462.68
FUND 651 Storm Water Utility
Storm Water Uti Other Financing Uses $19,250.00 $0.00 $0.00
Storm Water Uti Administration and General $14,165.00 $1,099.83 $16,984.16
Storm Water Uti Storm Water Maintenance $107,930.00 $17,013.07 $89,683.59
Storm Water Uti Depreciation Expense $115,000.00 $0.00 $0.00
FUND 651 Storm Water Utility $256,345.00 $18,112.90 $106,667.75
FUND 652 Street Light Utility
Street Light Utili Street Lighting $80,975.00 $4,521.87 $60,986.11
FUND 652 Street Light Utility $80,975.00 $4,521.87 $60,986.11
City of St. Joseph 12/14/18 9:36 AM
Page 2
Council Month End Expense - Enterprise Funds
Current Period:November 2018
2018 November 2018
Description DEPART Descr YTD Budget 2018 Amt YTD Amt
$4,055,315.00 $1,045,103.62 $2,825,831.91
ALAIdlit CITY OF ST. JOSEPH
www.cityofstjoseph.com
Administrator
Judy Weyrens
December 31,2018
Mayor Kensington Bank
Attn: Tammy Simon
Rick Schultz 501 W St. Germain
St. Cloud, MN 56301
Councilors RE: TIF 2-3,Bayou Blues &Alley Flats,Tax Settlement
Anne Buckvold Dear Tammy,
Troy Goracke
Bob Loso In accordance with the Tax Increment Financing Agreement with the City of St.Joseph,
Dale Wick enclosed is a payment in the amount of$21.23 for the second half tax settlement in 2018 for
the Bayou Blues and Alley Flats project. This represents 90%of the increment received
from the district as noted in the Development Agreement.
If you have any questions or need additional information please feel free to contact me at
320-363-7201.
Sincerely,
CITY OF ST.JOSEPH
Lori Bartlett
Finance Director
cc: St.Joseph EDA
•
File(Tax Increment Financing—District 2-3,Payments,2nd Payment 2018)
•
75 Callaway Street East• Saint Joseph,Minnesota 56374
Email cityoffices@cityofstjoseph.com Phone 320.363.720I Fax 320.363.0342
City of St. Joseph Minnesota
Tax Increment Financing District No.2-3 Bayou Blues and Alley Flats(Collegeville Communities)
TIF District#167 PID:84.53867.0000; 84.53733.0152
Note Payment Schedule 84.53876.0000
Payment to: PROJECTED BUDGET
Kensington Bank ACTUAL PAYMENTS WILL DEPEND ON
ACTUAL TIF AMOUNTS RECEIVED!
Note Details
Amount of Note(starting principal) 642,000
Do Not Send Amortization Schedule to Note Dated 10-Nov-14
Bank when Payment is made. Schedule Semi-Annual Payment Dates 2/28,8/31
for City's internal reporting. Interest Rate 4.000/0
TIF Duration 19 years
Note Payment Schedule
r "Tir Rettelvett - -Payment - ' -Tc '_, Mt**
year P ' ;.1.,„_ . ..
Nov.2014642,000.00
May.2017 44.34 39.91 2017 - 39.91 39.91 642,000.00
Dec.2017 44.34 39.91 (12,800.09) 12,840.00 39.91 654,800.09
May.2018 148.65 133.79 2018 (12,962.22) 13,096.00 133.79 667,762.31
Dec.2018 2159 21.23 13,334.02 13,35525 21.23 681,096.33
May.2019 - 201D 13,621.93) 13,621.93 - 694,718.25
Dec.2019 - (13,894.37) 13,894.37 - 708,612.62
May.2020 - 2020 (14,172.25). 14,172.25 - 722,784.87
Dec.2020 - (14,455.70) 14,455.70 - 737,240.57
May.2021 - 2021 (14,744.81) 14,744.81 - 751,985.38
Dec,2021 (15,039.71) 15,039.71 - 767,025.09
May.2022 - 2022 (15,340.50) 15,340.50 - 782,365.59
Dec.2022 - (15,647.31) 15,647.31 - 798,012.90
May.2023 - 2023 (15,960.26) 15,960.26 - 813,973.16
Dec.2023 - (16,279.46) 11279.46 - 830,252.62_
May.2024 - 2024 _ (16,605.05) 16,605.05 - 846,857.67
Dec.2024 - (16,937.15) 16,937.15 - 863,794.83
May.2025 - 2025 (17,275.90) 17,275.90 - 881,070.72
Dec.2025 - - (17,621.41) 17,621.41 - 898,692.14
May.2026 - 2026 (17,973.84), 17,973.84 - 916,665.98
Dec.2026 - (18,333.32) 18,333.32 - 934,999.30
May.2027 - 2027 _ (18,699.99) 18,699.99 - 953,699.29
Dec.2027 (19,073.99) 19,073.99 - 972,773.27
May.2028 - 2028 (19,455.47) 19,455.47 - 992,228.74
Dec.2028 - (19,844.57), 19,844.57 - 1,012,073.31
May.2029 - 2029 _ (20,241.47) 20,241.47 - 1,032,314.78
Dec.2029 - (20,646.30) 20,646.30 - 1,052,961.07
May.2030 - 2030 (21,059.22) 21,059.22 - 1,074,020.30
Dec.2030 - (21,480.41) 21,480.41 - 1,095,500.70
May.2031 - 2031 (21,910.01) 21,910.01 - 1,117,410.72
Dec.2031 - (22,348.21) 22,348.21 - 1,139,758.93
May.2032 - 2032 (22,795.18) 22,795.18 - 1,162,554.11
Dec.2032 - (23,251.08) 23,251.08 - 1,185,805.19
May.2033 - 2033 (23,716.10) 23,716.10 - 1,209,521.29
Dec.2033 - (24,190.43) 24,190.43 - 1,233,711.72
May.2034 - 2034 (24,674.23) 24,674.23 - 1,258,385.95
Dec.2034 - (25,167.72) 25,167.72 1,283,553.67
May.2035 - 2035 (25,671.07)_ 25,671.07 - 1,309,224.75
Dec.2035 - (26,184.49) 26,184.49 - 1,335,409.24
May.2036 - 2036 (26,708.18) 26,708.18 - 1,362,117.43
Dec.2036 (27,242.35) 27,242.35 - 1,389,359.78
May.2037 - 2037 (27,787.20) 27,787.20 - 1,417,146.97
Dec.2037 (28,342.94) 28,342.94 1,445,489.91
Total 260.92 234.83 (330,773.27) 331,008.10 234.83
*Development Agreement notes:not to exceed$642,000 in principal payments.
**2015 Note: The project will be delayed a year due to lack of financing available.
Believe a one year extension will be requested in summer 2016. Schedule set up anticipating extension.
CITY OF ST. JOSEPH
•
www.cityofstjoseph.com
•
Administrator
Judy Weyrens
December 31, 2018
Mayor Kensington Bank
Rick Schultz 11 North Central Ave
Kensington,MN 56343
RE: TIF 2-1,Millstream Shops & Lofts,Tax Settlement
Councilors
Dear Sir or Madam:
Anne Buckvold
Troy Goracke In accordance with the Tax Increment Financing Agreement with the City of St.Joseph,
Bob Loso enclosed is a payment in the amount of$19,231.04 for the second half tax settlement in
Dale Wick 2018. This represents 90%of the increment received from the district as noted in the
Development Agreement.
If you have any questions or need additional information please feel free to contact me at
320-363-7201.
Sincerely,
CITY OF ST.JOSEPH
Lori Bartlett
Finance Director
cc: St.Joseph EDA
File(Tax Increment Financing—District 2-1,Payments,2"d Payment 2018)
•
75 Callaway Street East• Saint Joseph,Minnesota 56374
Email cityoffices@cityofstjoseph.com Phone 320.363.720I Fax 320.363.0342
City of St. Joseph Minnesota
Tax Increment Financing District No. 2-1 Millstream Shops and Lofts(Collegeville Communities)
TIF District PID-8453870-0000,84-53871-0001,84-53882-0000,
Note Payment Schedule 84-53883-0000,84-53872-0000,84-53874-0010
Payment to: PROJECTED BUDGET
Kensington Bank ACTUAL PAYMENTS WILL DEPEND ON
ACTUAL TIF AMOUNTS RECEIVED!
refinanced through Minn West Bank
Note Details
Amount of Note(starting principal) 467,000
Do Not Send Amortization Schedule to Note Dated 1-Jun-07
Bank when Payment is made. Schedule Semi-Annual Payment Dates 2/28,8/31
for City's internal reporting. Interest Rate 8.25%
TIF Duration 28 years
Note Payment Schedule
010t' ' ,1 -pain** Total
Co in Year. =` Pam.. x Payment e
June.2008 467,000.00
May,2009 3,200.00 2,880.00 2009 - 2,880.00 2,880.00 467,000.00
Dec.2009 3,200.00 2,880.00' - 2,880.00 2,880.00 467,000.00
May,2010 14,132.32. 12,719.09 2010 (0.00) 12,719.09 12,719.09 467,000.00
Dec.2010 18,231.20 16,408.08 - 16,408.08 16,408.08 467,000.00
May,2011 23,580.89 21,222.80 2011 1,959.05 19,263.75' 21,222.80 465,040.95
Dec.2011 15,054.43- 13,548.99 (0.00) 13,548.99 13,548.99 465,040.95
May,2012 23,897.09 21,507.38 2012 5,196.62 16,310.76 21,507.38 459,844.33
Dec,2012 13,587.95 12,229.16 (0.00) 12,229.16 12,229.16 459,844.34
May,2013 19,002.78 17,102.50 2013 0.00_ 17,102.50 17,102.50 459,844.34
Dec.2013 15,908.68 14,317.81 0.00 14,317.81 14,317.81 459,844.33
May,2014 22,125.28 19,912.75 2014 944.17 18,968.58 19,912.75 458,900.16
Dec.2014 14,941.44 13,447.30 (0.00) 13,447.30 13,447.30 458,900.16
May,2015 21,447.04 19,302.34 2015 372.70 18,929.63 19,302.34 458,527.46
Dec.2015 14,774.13 13,296.72 - 14,774.13' 14,774.13 458,527.46
Jan.2016 1,205.24 1,084.72 - 1,205.24 1,205.24 458,527.46
May,2016 21,530.67 19,377.60_ 2016 463.35 18,914.26 19,377.60 458,064.12
Dec.2016 16,129.51 14,516.56 - 14,516.56 14,516.56 458,064.12
Jan.2017 688.00 619.20 2016 - 619.20 619.20 458,064.12
May,2017 18,143.48 16,329.13 2017 - 16,329.13 16,329.13 458,064.12
Dec.2017 20,211.05 18,189.95 (705.20) 18,895.14 18,189.95 458,769.32
May,2018 14,384.98_ 12,946.48 2018 (5,977.75) 18,924.23 12,946.48 464,747.07
Dec.2018 21,367.82 19,231.04 60.22 19,170.82- 19,231.04 464,686.85
May,2019 - 2019 (19,168.33) 19,168.33 - 483,855.18
Dec.2019 - (19,959.03) 19,959.03 - 503,814.20
May,2020 - 2020 (20,782.34) 20,782.34 - 524,596.54
Dec,2020 - (21,639.61) 21,639.61 - 546,236.15
May,2021 - 2021 (22,532.24) 22,532.24 - 568,768.39
Dec,2021 (23,461.70), 23,461.70 - 592,230.08
May,2022 - 2022 (24,429.49) 24,429.49 - 616,659.58
Dec.2022 - (25,437.21) 25,437.21 - 642,096.78
May,2023 - 2023 (26,486.49) 26,486.49 - 668,583.28
Dec.2023 - (27,579.06) 27,579.06 - 696,162.34
May,2024 - 2024 (28,716.70)_ 28,716.70 - 724,879.03
Dec.2024 - (29,901.26) 29,901.26 - 754,780.29
May,2025 - 2025 (31,134.69) 31,134.69 - 785,914.98
Dec.2025 - (32,418.99) 32,418.99 - 818,333.97
May,2026 _ - 2026 (33,756.28) 33,756.28 - 852,090.25
Dec.2026 - (35,148.72) 35,148.72 - 887,238.97
May,2027 - 2027 (36,598.61) 36,598.61 - 923,837.58
Dec.2027 (38,108.30) 38,108.30 - 961,945.88
May,2028 - 2028 (39,680.27) 39,680.27 - 1,001,626.15
Dec.2028 (41,317.08) 41,317.08 1,042,943.22
May,2029 - 2029 (43,021.41) 43,021.41 - 1,085,964.63
Dec.2029 - (44,796.04) 44,796.04 1,130,760.67.
May,2030 - 2030 (46,643.88) 46,643.88 - 1,177,404.55
Dec.2030 - (48,567.94) 48,567.94 1,225,972.49_
May,2031 - 2031 (50,571.37) 50,571.37 - 1,276,543.85
Dec.2031 (52,657.43) 52,657.43 - 1,329,201.29
May,2032 - 2032 (54,829.55) 54,829.55 - 1,384,030.84
Dec.2032 - (57,091.27) 57,091.27 1,441,122.11
May,2033 - 2033 (59,446.29) 59,446.29 - 1,500,568.40
Dec.2033 (61,898.45) 61,898.45 1,562,466.85
May,2034 - 2034 (64,451.76) 64,451.76 - 1,626,918.61
Dec.2034 (67,110.39) 67,110.39 1,694,029.00
May,2035 - 2035 (69,878.70) 69,878.70 - 1,763,907.69
Dec.2035 (72,761.19) 72,761.19 1,836,668.89
May,2036 - 2036 (75,762.59) 75,762.59 - 1,912,431.48
Dec.2036 - (78,887.80) 78,887.80 1,991,319.28
Total 336,743.98 303,069.58 2,313.15 302,354.36 304,667.52
*Development Agreement notes:not to exceed$467,000 in principal payments.
**2009 Note: The increment was not collected in May due to an error in the Auditor's Office. The County fixed
the error and submitted payment for May 2009 on August 31,2009. Sent TIF collection to developer 8-28-09.
Correct TIF report for 2010-1st payment 7/1/09.
2011 Note: MVCH is tax increment scheduled to be paid at 90%to the District. Paid 2010 and 2011 reimbursements in 2/2012 for 2011 reporting.
Also corrected the Dec.2012 TIF reimbursement. Tax increment settlement recorded incorrectly in Dec.2010,corrected with audit.
CITY OF ST. JOSEPH
www.cityofstjoseph.com
Administrator
Judy Weyrens
December 31,2018
Mayor Fortitude Senior Living of St. Joseph, LLC
Attn: Fred Struzyk
Rick Schultz 410 Luella Street
Watkins,MN 55389
Councilors RE: TIF 4-1,Fortitude Senior Housing,Tax Settlement
Anne Buckvold Dear Fred,
Troy Goracke
Bob Loso In accordance with the Tax Increment Financing Agreement with the City of St.Joseph,
Dale Wick enclosed is a payment in the amount of$15,780.91 for the second half tax settlement in .
2018. This represents 90%of the increment received from the district as noted in the
Development Agreement.
If you have any questions or need additional information please feel free to contact me at
320-363-7201.
Sincerely, •
CITY OF ST. JOSEPH
Lori Bartlett
Finance Director
cc: St. Joseph EDA
File(Tax Increment Financing—District 4-1,Payments,2nd Payment 2018)
75 Callaway Street East• Saint Joseph,Minnesota 56374 •
Email cityoffices@cityofstjoseph.com Phone 320.363.720I Fax 320.363.0342
City of St. Joseph Minnesota
Tax Increment Financing District No.4-1 Fortitude Senior Housing
TIF District PID-
Note Payment Schedule
Payment to: PROJECTED BUDGET
Fortitude ACTUAL PAYMENTS WILL DEPEND ON
ACTUAL TIF AMOUNTS RECEIVED!
Note Details
Amount of Note(starting principal) 530,000
Do Not Send Amortization Schedule to Note Dated 1-Aug-16
Bank when Payment is made. Schedule Semi-Annual Payment Dates 2/1,8/1
for City's internal reporting. Interest Rate 4.49%
TIF Duration 16 years
Note Payment Schedule
time 'Tat Received Les la% Parttent Principal -Interest Total Prkithmt`
from Co,,. Atfrokt Year Payment Payment Payment frattettee.;
August,2016 530,000.00
May,2018 17,534.31 15,780.88 2018 (8,016.12) 23,797.00 15,780.88 538,016.12
Dec.2018 17,534.34 15,780.91 - 15,780.91 15,780.91 538,016.12
May,2019 - ' 2019 (12,719.095 12,719.09 - 550,735.2
Dec.2019 - (16,408.08) 16,408.08 - 567,143.29
May,2019 - 2020 (12,732.37) 12,732.37 - 579,875.66
Dec.2019 - (13,548.99) 13,548.99 - 593,424.65
May,2020 - 2021 (16,310.76) 16,310.76 - 609,735.41
Dec.2020 - (12,229.16) 12,229.16 - 621,964.57
May,2020 - 2022 (17,102.50) 17,102.50 - 639,067.07
Dec.2020 - (14,317.81) 14,317.81 - 653,384.88
May,2021 - 2023 (14,668.49) 14,668.49 - 668,053.37
Dec.2021 - (13,447.30) 13,447.30 - 681,500.67
May,2021 - 2024 (15,299.69) 15,299.69 - 696,800.36
Dec.2021 - - 14,774.13 14,774.13 696,800.36
May,2022 - 2025 a - 1,205.24 1,205.24 696,800.36
Dec.2022 , - (15,643.17) 15,643.17 - 712,443.53
May,2022 - 2026 - - - 712,443.53
Dec.2022 - - - - 712,443.53
May,2023 - 2027 - - - 712,443.53
Dec.2023 - (15,994.36) 15,994.36 - 728,437.88
May,2023 - 2028 (16,353.43) 16,353.43 - 744,791.31
Dec.2023 - (16,720.57) 16,720.57 - 761,511.88
May,2024 - 2029 (17,095.94) 17,095.94 - 778,607.82
Dec.2024 - (17,479.751 17,479.75 - 796,087.57
May,2024 - _ 2030 (17,872.17) 17,872.17 - 813,959.73
Dec.2024 - (18,273.40) 18,273.40 - 832,233.13
May,2025 - 2031 (18,683.63) 18,683.63 - 850,916.76
Dec.2025 - (19,103.08) 19,103.08 - 870,019.84
May,2025 - 2032 (19,531.95) 19,531.95 - 889,551.79
Dec.2025 - (19,970.44) 19,970.44 - 909,522.23
May,2026 - 2033 (20,418.77) 20,418.77 - 929,941.00
Dec.2026 - (20,877.18) 20,877.18 - 950,818.18
May,2026 - 2034 (21,345.87) 21,345.87 - 972,164.04
Dec.2026 - (21,825.08) 21,825.08 - 993,989.13
May,2027 - 2035 (22,315.06) 22,315.06 - 1,016,304.18
Dec.2027 - (22,816.03) 22,816.03 - 1,039,120.21
May,2027 - 2036 (23,328.25) 23,328.25 - 1,062,448.46
Dec.2027 - (23,851.97) 23,851.97 - 1,086,300.43
May,2028 - 2037 (24,387.44) 24,387.44 - 1,110,687.87
Dec.2028 - (24,934.94) 24,934.94 1,135,622.82
May,2028 - 2038 (25,494.73) 25,494.73 - 1,161,117.55
Dec.2028 - (26,067.09) 26,067,09 1,187,184.64
May,2029 - 2039 (26,652.301 26,652.30 - 1,213,836.93
Dec.2029 - (27,250.64) 27,250.64 1,241,087.57
May,2029 - 2040 (27,862.42) 27,862.42 - 1,268,949.99
Dec.2029 (28,487.93) 28,487.93 - 1,297,437.91
May,2030 - 2041 (29,127.48) 29,127.48 - 1,326,565.40
Dec.2030 - (29,781.39) 29,781.39 1,356,346.79
May,2030 - 2042 (30,449.99) 30,449.99 - 1,386,796.77
Dec.2030 (31,133.59) 31,133.59 1,417,930.36
May,2031 - 2043 (31,832.54) 31,832.54 - 1,449,762.90
Dec.2031 - (32,547.18) 32,547.18 1,482,310.07
May,2031 - 2044 (33,277.86) 33,277.86 - 1,515,587.94
Dec.2031 - (34,024.95) 34,024.95 1,549,612.89
May,2032 - 2045 (34,788.81) 34,788.81 - 1,584,401.69
Dec.2032 - (35,569.82) 35,569.82 1,619,971.51
May,2032 - 2046 (36,368.36) 36,368.36 - 1,656,339.87
Dec.2032 - (37,184.83) 37,184.83 1,693,524.70
Total 35,068.65 31,561.79 (231,511.88) 279,053.03 47,541.15
*Development Agreement notes:not to exceed$467,000 in principal payments.
**2009 Note: The increment was not collected in May due to an error in the Auditor's Office. The County fixed
the error and submitted payment for May 2009 on August 31,2009. Sent TIF collection to developer 8-28-09.
Correct TIF report for 2010- 1st payment 7/1/09.
2011 Note: MVCH is tax increment scheduled to be paid at 90%to the District. Paid 2010 and 2011 reimbursements in 2/2012 for 2011 reporting.
Also corrected the Dec.2012 TIF reimbursement. Tax increment settlement recorded incorrectly in Dec.2010,corrected with audit.
ALUM& CITY OF ST. JOSEPH
www.cityofstjoseph.com
Administrator
Judy Weyrens
December 31,2018
Mayor Harvey and Carol Pfannenstein
26— 1St Avenue NW
Rick Schultz P 0 Box 40
St. Joseph,MN 56374
Councilors RE: TIF 2-2,St.Joseph Meat Market,Tax Settlement
Anne Buckvold Dear Sir or Madam:
Troy Goracke
Bob Loso In accordance with the Tax Increment Financing Agreement with the City of St.Joseph,
Dale Wick enclosed is a payment in the amount of$2,041.50 for the second half tax settlement in 2018.
This represents 95%of the increment received from the district as noted in the Development
Agreement.
If you have any questions or need additional information please feel free to contact me at
320-363-7201.
Sincerely,
CITY OF ST. JOSEPH
Lori Bartlett
Finance Director
cc: St.Joseph EDA
File(Tax Increment Financing—District 2-2,Payments,2°d Payment 2018)
•
75 Callaway Street East• Saint Joseph,Minnesota 56374
Email cityoffices@cityofstjoseph.com Phone 320.363.720I Fax 320.363.0342
City of St. Joseph Minnesota
Tax Increment Financing District No. 2-2 St. Joseph Meat Market
TIF District#149 PID-84-53851-0000
Note Payment Schedule
Payment to: PROJECTED BUDGET
Harvey and Carol Pfannenstein ACTUAL PAYMENTS WILL DEPEND ON
ACTUAL TIF AMOUNTS RECEIVED!
Note Details
Amount of Note(starting principal) 100,000
Note Dated 21-Apr-11
Semi-Annual Payment Dates February 1st
Interest Rate 3.25%
Note Pa ment Schedule
' - r ' ` ' L * u7PfInterest oW r
Co Adore, , Year „....,:-AL,':.
- - 012 - - - 100,000.00
Dec,2012 - - - - 100,000.00
Jul ,2013 1,864.26 1,771.05 2013 146.05 1,625.00 1,771.05 98,228.95
Dec,2013 1,860.52 1,767.49 171.27 1,596.22 1,767.49 96,461.46
Jul ,2014 2,011.65 1,911.07 2014 343.57 1,567.50 1,911.07 94,550.39
Dec,2014 2,015.71 1,914.92 378.48 1,536.44 1,914.92 92,635.47
Jul ,2015 1,981.41 1,882.34 2015 377.01 1,505.33 1,882.34 90,753.13
Dec,2015 1,977,44 1,878.57 403.83 1,474.74 1,878.57 88,874.56
Jul ,2016 4,158.71 3,950.77 2016 2,506.56 1,444.21 3,950.77 84,923.79
Dec,2016 - 1,380.01 1,380.01 - 84,923.79
Jul ,2017 4,181.70 3,972.62 2017 2,592.60 1,380.01 3,972.62 80,951.17
Dec,2017 - 1,315.46 1,315.46 - 80,951.17
Jul ,2018 2,148.95 2,041.50 2018 726.05 1,315.46 2,041.50 78,909.67
Dec,2018 2,148.95 2,041.50 759.22 1,282.28 2,041.50 76,868.17
Jul ,2019 _- - 2019 1,249.11 1,249.11 - 76,868.17
Dec,2019 - 1249.11 1249.11 - 76,868.17
Jul ,2020 - 2020 1,249.11 1,249.11 - 76,868.17
Dec,2020 - 1,249.11 1,249.11 - 76,868.17
Jul ,2021 - 2021 1,249.11 1,249.11 - 76,868.17
Dec,2021 (1,249.11) 1,249.11 - 76,868.17
+, .v. 44 �. ... , i t
ALALloilat CITY OF STo JOSEPH
www.cityofstjoseph.com
Administrator
Judy Weyrens
December 31,2018
Mayor Central Minnesota Credit Union
Attn: Bernie Brixius
Rick Schultz 20—4th Avenue SE
PO Box 10
Melrose,MN 56352
Councilors RE: TIF 3-1,Central Minnesota Credit Union,Tax Settlement
Anne Buckvold Dear Bernie,
Troy Goracke
Bob Loso In accordance with the Tax Increment Financing Agreement with the City of St.Joseph,
Dale Wick enclosed is a payment in the amount of$19,471.71 for the second half tax settlement in
2018. This represents 90%of the increment received from the district as noted in the •
Development Agreement.
If you have any questions or need additional information please feel free to contact me at
320-363-7201.
Sincerely,
CITY OF ST.JOSEPH
Lori Bartlett
Finance Director
cc: St.Joseph EDA
File(Tax Increment Financing—District 3-1,Payments,2nd Payment 2018)
•
75 Callaway Street East• Saint Joseph,Minnesota 56374
Email cityoffices@cityofstjoseph.com Phone 320.363.720I Fax 320.363.0342
City of St. Joseph Minnesota
Tax Increment Financing District No. 3-1 Central Minnesota Credit Union
TIF District#168 PID-84-53798-0574
Note Payment Schedule
Payment to: PROJECTED BUDGET
Central MN Credit Union ACTUAL PAYMENTS WILL DEPEND ON
ACTUAL TIF AMOUNTS RECEIVED!
Note Details
Amount of Note(starting principal) $ 333,818
Note Dated 3/16/2015
Semi-Annual Payment Dates February 1st
Interest Rate 0.00%
Note Payment Schedule
d ' int Principal Interest -1 T° .
Co. Yew Payout Payer Pa _ .B.
Mar.2015 333,818.00
July, 2017 21,294.81 19,165.33 2017 19,165.33 - 19,165.33 314,652.67
Dec,2017 21,294.79 19,165.31 19,165.31 - 19,165.31 295,487.36_
July, 2018 21,635.21 19,471.69 2018 19,471.69 - 19,471.69 276,015.67
Dec,2018 21,635.23 19,471.71 19,471.71 - 19,471.71 256,543.96_
July,2019 - 2019 - - - 256,543.96
Dec,2019 - - - 256,543.96
July, 2020 - 2020 - - - 256,543.96
Dec,2020 - - - - 256,543.96
July, 2021 - 2021 - - - 256,543.96
Dec, 2021 - - - - 256,543.96
July, 2022 - 2022 - - - 256,543.96
Dec,2022 - - - - 256,543.96
July, 2023 - 2023 - - - 256,543.96
Dec,2023 - - - - 256,543.96_
July, 2024 - 2024 - - - 256,543.96
Dec,2024 - - - - 256,543.96_
July, 2025 - 2025 - - - 256,543.96
Dec,2025 - - - - 256,543.96
TOW _ $ ` $81$8014*.$ 7104. 4 $ 17,274.04, - $ 77,274444
ALAIM& CITY OF ST. JOSEPH
www.cityofstjoseph.com
Administrator
Judy Weyrens
December 31, 2018
Mayor
Rick Schultz CM St. Joe,LLC
122— 12th Ave N
St. Cloud, MN 56303
Councilors RE: Country Manor Senior Living Facility Tax Abatement
Anne Buckvold Dear Sir or Madam:
Troy Goracke
Bob Loso In accordance with the Tax Abatement Agreement with the City of St.Joseph,enclosed is
Dale Wick the payment in the amount of$3,401.76 for the second half abated taxes paid in 2018. The
amount represents 75%of the city's share of the construction portion of the market value.
If you have any questions or need additional information please feel free to contact me or
Judy at 320-363-7201. •
Sincerely,
CITY OF ST.JOSEPH
•
Lori Bartlett
Finance Director
cc: St.Joseph EDA
File(Tax Abatement/2016 Senior Housing/Tax Abatement Payments/2018 Abatement-2°d half)
•
75 Callaway Street East• Saint Joseph,Minnesota 56374
Email cityoffices@cityofstjoseph.com Phone 320.363.720I Fax 320.363.0342
Country Manor's Abatement
Payments begin by August 1,2018
for taxes paid In 2018
tax stmts City Portion City Portion City Portion 75%const taxes 1/2 Abated Due Due Date Date
Valuations TMV Land TMV Construction Taxable MV City Portion Land TMV Construction TMV calculated tax Abatement' Taxes for Pmt 1-Aug 1-Feb Paid Paid
2018 Valuation/Tax 11,085 1,475,915 1,487,000.00 $ 9,139.50 $ 68.13 $ 9,071.37 $ 9,139.50 $ 6,803.53 $ 3,401.76 2018 2019 7/26/2018 12/31/2018
2019 Valuation/Tax 11,085 3,280,615 3,291,700.00 $ 25,175.00 $ 67.82 $ 20,071.79 $ 20,139.61 $ 15,053.84 $ 7,526.92 2019 2020
2020 Valuation/Tax 886,800 (886,800) $ 5,450.51 $ (5,450.51) $ - $ (4,087.88) $ (2,043.94) 2020 2021
2021 Valuation/Tax 886,800 (886,800) $ 5,450.51 $ (5,450.51) $ - $ (4,087.88) $ (2,043.94) 2021 2022
2022 Valuation/Tax 886,800 (886,800) $ 5,450.51 $ (5,450.51) $ - $ (4,087.88) $ (2,043.94) 2022 2023
2023 Valuation/Tax 886,800 (886,800) $ 5,450.51 $ (5,450.51) $ - $ (4,087.88) $ (2,043.94) 2023 2024
2024 Valuation/Tax 886,800 (886,800) $ 5,450.51 $ (5,450.51) $ - $ (4,087.88) $ (2,043.94) 2024 2025
2025 Valuation/Tax 886,800 (886,800) $ 5,450.51 $ (5,450.51) $ - $ (4,087.88) $ (2,043.94) 2025 2026
2026 Valuation/Tax 886,800 (886,800) $ 5,450.51 $ (5,450.51) $ - $ (4,087.88) $ (2,043.94) 2026 2027
2027 Valuation/Tax 886,800 (886,800) $ 5,450.51 $ (5,450.51) $ - $ (4,087.88) $ (2,043.94) 2027 2028
2028 Valuation/Tax 886,800 (886,800) $ 5,450.51 $ (5,450.51) $ - $ (4,087.88) $ (2,043.94) 2028 2029
2029 Valuation/Tax 886,800 (886,800) $ 5,450.51 $ (5,450.51) $ - $ (4,087.88) $ (2,043.94) 2029 2030
2030 Valuation/Tax 886,800 (886,800) $ 5,450.51 $ (5,450.51) $ - $ (4,087.88) $ (2,043.94) 2030 2031
2031 Valuation/Tax 886,800 (886,800) $ 5,450.51 $ (5,450.51) $ - $ (4,087.88) $ (2,043.94) 2031 2032
2032 Valuation/Tax 886,800 (886,800) $ 5,450.51 $ (5,450.51) $ - $ (4,087.88) $ (2,043.94) 2032 2033
2033 Valuation/Tax 886,800 (886,800) $ 5,450.51 $ (5,450.51) $ - $ (4,087.88) $ (2,043.94) 2033 2034
2034 Valuation/Tax 886,800 (886,800) $ 5,450.51 $ (5,450.51) $ - $ (4,087.88) $ (2,043.94) 2034 2035
2035 Valuation/Tax 886,800 (886,800) $ 5,450.51 $ (5,450.51) $ - $ (4,087.88) $ (2,043.94) 2035 2036
2036 Valuation/Tax 886,800 (886,800) $ 5,450.51 $ (5,450.51) $ - $ (4,087.88) $ (2,043.94) 2036 2037
2037 Valuation/Tax 886,800 (886,800) $ 5,450.51 $ (5,450.51) $ - $ (4,087.88) $ (2,043.94) 2037 2038
Abatement is maximum$505,000. Maximum life of the abatement is 20 years,75%city tax abated.ISD 742 to pay 50%.
Abatement shall not exceed 10%of net tax capacity of the City or$200,000,whichever is greater(Abatement Limit).
*Abatement paid by August 1 and February 1 following the tax collection if taxes paid.
84.53475.0814 84.53494.0200
84.53475.0815 84.53494.0201
84.53475.0816 84.53494.0202
84.53475.0801 84.53494.0203
84.53475.0800 84.53494.0214