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Home My WebLink About[04b] Financial ReportsCITY OF ST. JOSEPH MEETING DATE: AGENDAITEM: SUBMITTED BY: June 16, 2020 May Finance Reports Finance EDA Agenda Item 4b BOARD/COMMISSION/COMMITTEE/COUNCIL RECOMMENDATION: PREVIOUS EDA ACTION: BACKGROUND INFORMATION: Enclosed you will find the reconciled financial reports through May 31, 2020. The ending undesignated balance shows a deficit of $25,921. The designated project balance is $22,826. The capital designated balance includes 2020 capital budget balance of $44,100. Without the capital budget, the net position is a deficit of $4,647. The EDA is mainly funded by tax proceeds. The first half tax proceeds are due in late June and early July. The other funds reported include the TIF funds, Lodging Tax, DEED CDAP Grant reimbursement and the Revolving Loan fund. There is one revolving loan for Krewe and Flour to Flower Bakery. The current revolving loan fund balance is $226,436 at May 31St, including $189,554 reserved balance from the EDA fund to be used for future economic development; $36,882 is available from the State's RLF fund for future loan requests. The City Council allowed Krewe to delay their RLF loan payments for three months due to the COVID-19 emergency declaration. A separate agenda item will review a new RLF loan request from Jupiter Moon Ice Cream. The Lodging Tax fund has a balance of $28,245 on May 311. A summary of their activity is enclosed in this report. Staff will monitor collections. The lodging tax revenue may decrease with the pandemic. With the State allowing sales tax collections to be delayed, lodging taxes are also delayed. The 2018 Housing Rehab grant administered by Central MN Housing Partnership has a balance of $78,378. Per Ed Zimny at the Partnership, there is an interested person applying for a project and opened the grant area to the phase 2 area. Ed is marketing the funds to both the phase 1 and 2 areas. Ed informed staff he is leaving the CMHP, his replacement is onboard and will be transitioning into his new role. Finally, please complete the 1St half of 2020 meeting stipends on the attached Expense Report. BUDGET/FISCAL IMPACT: ATTACHMENTS: For Information Only EDA Financial Summary EDA Balance Sheet EDA Check Register EDA Revenue Report EDA Expenditure Report EDA Summary CIP CVB Financial Summary Expense Report REQUESTED BOARD ACTION: Consider acceptance of the May financial reports. St. Joseph Economic Development Authority Summary Treasurer's Report - Fund 150 May 2020 TIF 4-1 Fortitude Senior Apts Fund Balance - Fund 153 6,344.60 Fund 150, EDA Balance as of December 31, 2019 (Auditeu, 29,665.29 40,700.12 Year to Date Revenue: TIF 2-3 Bayou Blues & Alley Flats Fund Balance - Fund 159 j) Interest Earnings 762.90 DEED CDAP Grant Fund Balance - Fund 225 TIF/MIF Deposit - 226,436.07 DEED Housing Federal Grant Proceeds - Abatement Reimbursement (School District) - Ad Valorem Taxes - Transfers from Other Funds - Total Revenue 762.90 Year to Date Expenditures by Object: Board Stipends - Staff Salanes/ Training (13,698.89) Workers Comp Premium - Software Support/Office Supplies (637.96) Professional Services - Legal/Engineering Fees (383.12) Telephone (548.23) Greater St. Cloud Development Investment (5,000.00) Business Round Table Outreach - Advertising - Abatement Payments (Country Manor) - CM Housing Grant Reimbursement - Computers (670.17) EDA Programs (23,618.88) Transfer to Other Funds - Total Expenses (44,557.25) Fund Summaries as of May 31, 2020: EDA Fund Balance - Fund 150 - unaudited, cash balance (3,094.23) Designated for Capital Programs 22,826.41 Undesignated (25,920.64) TIF 3-1 Central MN Credit Union Fund Balance - Fund 152 3,193.12 TIF 4-1 Fortitude Senior Apts Fund Balance - Fund 153 6,344.60 TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 157 29,665.29 TIF 2-2 St. Joseph Meat Market Fund Balance - Fund 158 215.44 TIF 2-3 Bayou Blues & Alley Flats Fund Balance - Fund 159 j) Lodging Tax Fund Balance - Fund 220 28,244.84 DEED CDAP Grant Fund Balance - Fund 225 44,377.16 Revolving Loan Fund Balance - Fund 250 226,436.07 City of St. Joseph 06/08/20 2:39 PM EDA Balance Sheet Page 1 Current Period: May 2020 CITY OF ST. JOSEPH FUND 158 TIF 2-2 Meat Market TIF 2-2 Meat Market G 158-10100 Cash YTD YTD Current FUND Descr Account Descr Benin Yr Debit Credit Balance FUND 150 Economic Development $0.00 TIF 2-2 Meat Market G 158-20201 Salaries Payable $0.00 Economic Development G 150-10100 Cash $29,584.19 $6,511.83 $49,490.25 -$13,394.23 Economic Development G 150-10450 Interest Receivable $159.80 $0.00 $159.80 $0.00 Economic Development G 150-10500 Accounts Receivable $0.00 $0.00 $0.00 $0.00 Economic Development G 150-10700 Taxes Receivable - Delinquent $2,089.77 $0.00 $2,089.77 $0.00 Economic Development G 150-13113 Due From other Gov t Units $5,589.13 $0.00 $5,589.13 $0.00 Economic Development G 150-15500 Due From Other Fund $10,300.00 $0.00 $0.00 $10,300.00 Economic Development G 150-20200 Accounts Payable -$4,727.88 $4,727.88 $0.00 $0.00 Economic Development G 150-20201 Salaries Payable -$205.12 $205.12 $0.00 $0.00 Economic Development G 150-22204 Deferred Inflow of Resources -$2,089.77 $2,089.77 $0.00 $0.00 Economic Development G 150-24415 Design. Fd Bal - Operations $0.00 $0.00 $0.00 $0.00 Economic Development G 150-25310 Unassigned Fund Balance -$40,700.12 $55,239.18 $11,444.83 $3,094.23 FUND 150 Economic Development $0.00 $68,773.78 $68,773.78 $0.00 FUND 152 TIF 3-1 CMCU TIF 3-1 CMCU G 152-10100 Cash $3,130.97 $62.15 $0.00 $3,193.12 TIF 3-1 CMCU G 152-10450 Interest Receivable $7.45 $0.00 $7.45 $0.00 TIF 3-1 CMCU G 152-10500 Accounts Receivable $0.00 $0.00 $0.00 $0.00 TIF 3-1 CMCU G 152-20200 Accounts Payable $0.00 $0.00 $0.00 $0.00 TIF 3-1 CMCU G 152-20500 Due To Other Fund $0.00 $0.00 $0.00 $0.00 TIF 3-1 CMCU G 152-25310 Unassigned Fund Balance -$3,138.42 $7.45 $62.15 -$3,193.12 FUND 152 TIF 3-1 CMCU $0.00 $69.60 $69.60 $0.00 FUND 153 TIF 4-1 Fortitude Senior Apts TIF 4-1 Fortitude Senior G 153-10100 Cash $6,229.11 $115.49 $0.00 $6,344.60 TIF 4-1 Fortitude Senior G 153-10450 Interest Receivable $19.71 $0.00 $19.71 $0.00 TIF 4-1 Fortitude Senior G 153-10500 Accounts Receivable $0.00 $0.00 $0.00 $0.00 TIF 4-1 Fortitude Senior G 153-20200 Accounts Payable $0.00 $0.00 $0.00 $0.00 TIF 4-1 Fortitude Senior G 153-20500 Due To Other Fund $0.00 $0.00 $0.00 $0.00 TIF 4-1 Fortitude Senior G 153-25310 Unassigned Fund Balance -$6,248.82 $19.71 $115.49 -$6,344.60 FUND 153 TIF 4-1 Fortitude Senior Apts $0.00 $135.20 $135.20 $0.00 FUND 157 TIF 2-1 Millstream TIF 2-1 Millstream G 157-10100 Cash $30,039.91 $575.38 $950.00 $29,665.29 TIF 2-1 Millstream G 157-10450 Interest Receivable $101.98 $0.00 $101.98 $0.00 TIF 2-1 Millstream G 157-10500 Accounts Receivable $0.00 $0.00 $0.00 $0.00 TIF 2-1 Millstream G 157-13113 Due From other Gov t Units $0.00 $0.00 $0.00 $0.00 TIF 2-1 Millstream G 157-20200 Accounts Payable $0.00 $0.00 $0.00 $0.00 TIF 2-1 Millstream G 157-25310 Unassigned Fund Balance -$30,141.89 $1,051.98 $575.38 -$29,665.29 FUND 157 TIF 2-1 Millstream $0.00 $1,627.36 $1,627.36 $0.00 FUND 158 TIF 2-2 Meat Market TIF 2-2 Meat Market G 158-10100 Cash $701.75 $13.69 $0.00 $715.44 TIF 2-2 Meat Market G 158-10450 Interest Receivable $3.10 $0.00 $3.10 $0.00 TIF 2-2 Meat Market G 158-20201 Salaries Payable $0.00 $0.00 $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 Unassigned Fund Balance -$204.85 $3.10 $13.69 -$215.44 FUND 158 TIF 2-2 Meat Market $0.00 $16.79 $16.79 $0.00 FUND 159 TIF 2-3 Bayou Blues/Alley Flat TIF 2-3 Bayou Blues/All G 159-10100 Cash $362.69 $48.12 $37.14 $373.67 TIF 2-3 Bayou Blues/All G 159-10450 Interest Receivable $2.37 $0.00 $2.37 $0.00 TIF 2-3 Bayou Blues/All G 159-13113 Due From other Gov t Units $41.27 $0.00 $41.27 $0.00 City of St. Joseph 06/08/20 2:39 PM Page 2 EDA Balance Sheet IL AAmfibillik Current Period: May 2020 CITY OF ST. JOSEPH FUND 220 Lodging Tax Lodging Tax G 220-10100 Cash $34,282.58 YTD YTD Current FUND Descr Account Descr Be:iin Yr Debit Credit Balance TIF 2-3 Bayou Blues/All G 159-20200 Accounts Payable $0.00 $0.00 $0.00 $0.00 TIF 2-3 Bayou Blues/All G 159-20500 Due To Other Fund -$9,800.00 $0.00 $0.00 -$9,800.00 TIF 2-3 Bayou Blues/All G 159-25310 Unassigned Fund Balance $9,393.67 $80.78 $48.12 $9,426.33 FUND 159 TIF 2-3 Bayou Blues/Alley Flat $0.00 $128.90 $128.90 $0.00 FUND 220 Lodging Tax Lodging Tax G 220-10100 Cash $34,282.58 $2,227.27 $8,265.01 $28,244.84 Lodging Tax G 220-10450 Interest Receivable $120.60 $0.00 $120.60 $0.00 Lodging Tax G 220-10500 Accounts Receivable $381.93 $0.00 $381.93 $0.00 Lodging Tax G 220-25310 Unassigned Fund Balance -$34,785.11 $8,767.54 $2,227.27 -$28,244.84 FUND 220 Lodging Tax $0.00 $10,994.81 $10,994.81 $0.00 FUND 225 DEED CDAP Grant DEED CDAP Grant G 225-10100 Cash $32,937.58 $11,439.58 $0.00 $44,377.16 DEED CDAP Grant G 225-10450 Interest Receivable $122.24 $0.00 $122.24 $0.00 DEED CDAP Grant G 225-25310 Unassigned Fund Balance -$33,059.82 $122.24 $11,439.58 -$44,377.16 FUND 225 DEED CDAP Grant $0.00 $11,561.82 $11,561.82 $0.00 FUND 250 Revolving Loan Fund Revolving Loan Fund G 250-10100 Cash $219,625.50 $7,071.66 $0.00 $226,697.16 Revolving Loan Fund G 250-10450 Interest Receivable $1,002.95 $0.00 $1,264.04 -$261.09 Revolving Loan Fund G 250-11900 Notes Receivable $52,500.00 $0.00 $52,500.00 $0.00 Revolving Loan Fund G 250-22204 Deferred Inflow of Resources -$51,373.70 $51,373.70 $0.00 $0.00 Revolving Loan Fund G 250-24415 Design. Fd Bal - Operations -$33,571.12 $0.00 $0.00 -$33,571.12 Revolving Loan Fund G 250-25310 Unassigned Fund Balance -$188,183.63 $2,390.34 $7,071.66 -$192,864.95 FUND 250 Revolving Loan Fund $0.00 $60,835.70 $60,835.70 $0.00 $0.00 $154,143.96 $154,143.96 $0.00 City of St. Joseph 06/08/20 2:40 PM EDA Check Register Page 1 ( I i ! OF ST. JOSEPH CHECK # Search Name Comments FUND DEPART Amount 056125 MIDCONTINENT COMMUNICATIONS May 2020 Telephone/Fiber 150 46500 $120.30 $120.30 City of St. Joseph EDA Revenue Report Current Period: May 2020 (-t7 Y OF S -T JOSEPH 06/08/20 2:41 PM Page 1 2020 May 2020 Account Descr SOURC YTD Budget 2020 Amt YTD Amt FUND 150 Economic Development R 150-46500-31010 Current Ad Valorem Taxes 31010 $124,530.00 $0.00 $0.00 R 150-46500-33160 Federal Grants - Other 33160 $0.00 $0.00 $0.00 R 150-46500-34150 TIF/MIF Deposit 34150 $0.00 $0.00 $0.00 R 150-46500-34160 Tax Abatement Reimbursement 34160 $0.00 $0.00 $0.00 R 150-46500-36210 Interest Earnings 36210 $1,000.00 $67.72 $762.90 R 150-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00 FUND 150 Economic Development $125,530.00 $67.72 $762.90 FUND 152 TIF 3-1 CMCU R 152-46500-31050 Tax Increment 31050 $0.00 $0.00 $0.00 R 152-46500-36210 Interest Earnings 36210 $0.00 $12.15 $54.70 R 152-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00 FUND 152 TIF 3-1 CMCU $0.00 $12.15 $54.70 FUND 153 TIF 4-1 Fortitude Senior Apts R 153-46500-31050 Tax Increment 31050 $0.00 $0.00 $0.00 R 153-46500-34150 TIF/MIF Deposit 34150 $0.00 $0.00 $0.00 R 153-46500-36210 Interest Earnings 36210 $0.00 $22.94 $95.78 R 153-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00 FUND 153 TIF 4-1 Fortitude Senior Apts $0.00 $22.94 $95.78 FUND 157 TIF 2-1 Millstream R 157-46500-31050 Tax Increment 31050 $0.00 $0.00 $0.00 R 157-46500-36210 Interest Earnings 36210 $0.00 $108.41 $473.40 FUND 157 TIF 2-1 Millstream $0.00 $108.41 $473.40 FUND 158 TIF 2-2 Meat Market R 158-46500-31050 Tax Increment 31050 $0.00 $0.00 $0.00 R 158-46500-36210 Interest Earnings 36210 $0.00 $2.59 $10.59 R 158-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00 FUND 158 TIF 2-2 Meat Market $0.00 $2.59 $10.59 FUND 159 TIF 2-3 Bayou Blues/Alley Flat R 159-46500-31050 Tax Increment 31050 $0.00 $0.00 $0.00 R 159-46500-36210 Interest Earnings 36210 $0.00 $1.35 $4.48 R 159-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00 FUND 159 TIF 2-3 Bayou Blues/Alley Flat $0.00 $1.35 $4.48 FUND 220 Lodging Tax R 220-46500-31600 Lodging Tax 31600 $14,000.00 $0.00 $1,222.29 R 220-46500-34409 Marketing 34409 $200.00 $0.00 $0.00 R 220-46500-36210 Interest Earnings 36210 $500.00 $107.86 $502.45 FUND 220 Lodging Tax $14,700.00 $107.86 $1,724.74 FUND 225 DEED CDAP Grant R 225-46500-34200 DEED Housing Reimbursement 34200 $0.00 $0.00 $10,692.71 R 225-46500-36210 Interest Earnings 36210 $1,000.00 $151.56 $624.63 R 225-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00 FUND 225 DEED CDAP Grant $1,000.00 $151.56 $11,317.34 FUND 250 Revolving Loan Fund R 250-46500-36210 Interest Earnings 36210 $2,000.00 $755.59 $2,600.21 R 250-49302-39201 Transfers from Other Funds 39201 $0.00 $0.00 $0.00 City of St. Joseph 06/08/20 2:41 PM EDA Revenue Report Page 2 _ . Current Period: May 2020 i ST. JOSEPH 2020 May 2020 Account Descr SOURC YTD Buds et 2020 Amt YTD Amt R 250-46500-39320 Loan Principal 39320 $6,860.00 $0.00 $1,700.04 R 250-46500-39321 Loan Interest 39321 $1,465.00 $0.00 $381.07 R 250-46500-39322 Loan Origination Fee 39322 $0.00 $0.00 $0.00 FUND 250 Revolving Loan Fund $10,325.00 $755.59 $4,681.32 $151,555.00 $1,230.17 $19,125.25 City of St. Joseph EDA Expenditure Report fiJILAMIN& Current Period: May 2020 CITY OF ST. JOSEPH 2020 May 2020 Account Descr YTD Buduet 2020 Amt YTD Amt FUND 150 Economic Development E 150-46500-101 Salaries $33,510.00 $1,691.04 $8,419.71 E 150-46500-103 Legislative Bodies $4,410.00 $0.00 $0.00 E 150-46500-121 PERA Contributions $2,515.00 $126.84 $631.49 E 150-46500-122 FICA Contributions $1,925.00 $101.20 $499.53 E 150-46500-123 Deferred Comp -Employer $455.00 $24.38 $1,151.88 E 150-46500-125 Medicare Contributions $450.00 $23.66 $116.80 E 150-46500-130 H S A- Employer Contribution $875.00 $0.00 $281.25 E 150-46500-131 Health Insurance $6,090.00 $316.88 $1,564.23 E 150-46500-132 Dental Insurance $415.00 $23.98 $118.06 E 150-46500-133 Life Insurance $25.00 $1.54 $7.59 E 150-46500-134 Disabilty Insurance $285.00 $14.81 $72.72 E 150-46500-151 Workers Comp. Insur. Prem. $215.00 $0.00 $0.00 E 150-46500-171 Clothing Allowance $70.00 $0.00 $0.00 E 150-46500-200 Office Supplies $500.00 $0.00 $16.74 E 150-46500-215 Software Support $1,445.00 $0.00 $621.22 E 150-46500-300 Professional Services $0.00 $0.00 $0.00 E 150-46500-303 Engineering Fee $2,000.00 $0.00 $383.12 E 150-46500-304 Legal Fees $1,000.00 $0.00 $0.00 E 150-46500-308 Community Programs $0.00 $0.00 $0.00 E 150-46500-321 Telephone $1,400.00 $120.30 $548.23 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 $1,750.00 $0.00 $540.63 E 150-46500-340 Advertising $200.00 $0.00 $0.00 E 150-46500-433 Dues & Memberships $5,295.00 $0.00 $5,295.00 E 150-46500-582 Computer Software $500.00 $0.00 $670.17 E 150-46500-588 EDA Programs $44,100.00 $0.00 $23,618.88 E 150-46500-622 TIF/Abatement Payments $15,000.00 $0.00 $0.00 E 150-49300-720 Transfers to Other Funds $0.00 $0.00 $0.00 FUND 150 Economic Development $125,530.00 $2,444.63 $44,557.25 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 E 153-46500-125 Medicare Contributions $0.00 $0.00 $0.00 06/08/20 2:41 PM Page 1 City of St. Joseph EDA Expenditure Report Current Period: May 2020 CITY OF ST. JOSE11II 06/08/20 2:41 PM Page 2 2020 May 2020 Account Descr YTD Budget 2020 Amt YTD Amt 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 E 153-46500-622 TIF/Abatement Payments $0.00 $0.00 $0.00 E 153-49300-720 Transfers to Other Funds $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 157146500-133 Life Insurance $0.00 $0.00 $0.00 E 157146500-134 Disabilty Insurance $0.00 $0.00 $0.00 E 157146500-300 Professional Services $0.00 $0.00 $950.00 E 157146500-301 Audit & Accounting Services $500.00 $0.00 $0.00 E 157146500-340 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 $950.00 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 158146500-122 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 159146500-121 PERA Contributions $0.00 $0.00 $0.00 E 159146500-122 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 $37.14 E 159-49300-720 Transfers to Other Funds $0.00 $0.00 $0.00 City of St. Joseph EDA Expenditure Report Current Period: May 2020 CITY OF ST. JOSEPH 06/08/20 2:41 PM Page 3 $193,410.00 $2,444.63 $53,809.40 2020 May 2020 Account Descr YTD Bud et 2020 Amt YTD Amt FUND 159 TIF 2-3 Bayou Blues/Alley Flat $795.00 $0.00 $37.14 FUND 220 Lodging Tax E 220-46500-300 Professional Services $3,000.00 $0.00 $3,750.00 E 220-46500-309 Visitors Bureau $9,200.00 $0.00 $2,250.00 E 220-46500-328 Marketing $2,000.00 $0.00 $1,703.35 E 220-46500-331 Travel & Conference Expense $0.00 $0.00 $561.66 E 220-46500-340 Advertising $500.00 $0.00 $0.00 FUND 220 Lodging Tax $14,700.00 $0.00 $8,265.01 FUND 225 DEED CDAP Grant E 225146500-300 Professional Services $12,500.00 $0.00 $0.00 E 225-46500-340 Advertising $0.00 $0.00 $0.00 FUND 225 DEED CRAP Grant $12,500.00 $0.00 $0.00 FUND 250 Revolving Loan Fund E 250146500-300 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 $193,410.00 $2,444.63 $53,809.40 ri H Illta Q O 7 C N O m L L 4 ID ri O e -f ei N p O � O Ol tT M O OJ 00 00 cri r4 G 00 O m C l0 01 rl O N Ch C N N m N N O N n m N 00 C > _ N ei N -' m�A ri H Illta Q O 7 C N O m L L 4 ID O O r` N O 14 N 3 E Q00 O O O N W O N UlUD O m C l0 01 rl O N Ch C N aa+ L C O I N cm ri C > _ N ` C CL ° -' m�A r.- �; �o W E d E N Q � m N ri FL E V 10 E v u ow +� EL O = cc -°o O O r` N O 14 N 3 E er-1 O O O � O UlUD O r tr0 O O N N C N O O r` N O 14 N 3 E W i+ y N C E d � O O W ui 7 O. E O U r L d � � noL Z W as co Ln O � v o e a c LO o co Y LO N N CL CL O O N M N N CC OD o0 N N Co le as � D W W 00 00 co � O) O w LO co co IT IT LO LO N ww CL U Q O W H O O O O � O UlUD O O O t C r- �i Ln rn rn a `m 00v W i+ y N C E d � O O W ui 7 O. E O U r L d � � noL Z W as co Ln O � v o e a c LO o co Y LO N N CL CL O O N M N N CC OD o0 N N Co le as � D W W 00 00 co � O) O w LO co co IT IT LO LO N ww CL U Q O W H O CVB 2020 Financial Summary As of May 31, 2020 Beginning Fund Balance 1-1-20 $ 34,785.11 Customer YTD Rev 2020 Interest Earnings $ 502.45 T-shirt Sales $ - Beanie Hat Sales $ - Rodeway Inn Lodging Tax $ 1,022.70 CSB Lodging Tax $ - Estates B&B Lodging Tax $ 199.59 $ 1,724.74 YTD Exp Vendor 2020 Bruno Press - social media campaign $ 3,750.00 Bruno Press - Joetown Logo $ - Explore Minnesota Conference $ 561.66 Rubinski Works - Videos $ 2,250.00 Website Hosting $ 1,703.35 Think Tourism USA - Magazine Ad $ - Minnesota Public Radio Ad $ - 87 Lumens - Event Photos $ - Krillan, Inc. -T-shirts $ - Krillan, Inc. - Beanie Hats $ - Newcomer Service - Magazine Ad $ - 5 8.265.01 Ending Cash Balance 5-31-20 $ 28,244.84 St Joseph Economic Development Authority Expense Report Name Pay Period: Date Event Location Mtg # Reimbursement Total CERTIFICATION: I DECLARE THAT THIS TIMESHEET IS ATRUE AND CORRECT STATEMENT OF MEETINGS WORKED AND THAT NO PART OF IT HAS BEEN PAID. Signed Date