HomeMy WebLinkAbout11.17.20
www.cityofstjoseph.com
St. Joseph Economic Development Authority
November 17, 2020
12:00 PM
** The meeting will be conducted via Zoom Meeting**
Join Zoom Meeting
https://zoom.us/j/94051956936?pwd=bHlzcDJtQVRGb25QbFNpOWl1MHVSdz09
Meeting ID: 940 5195 6936
Passcode: 960513
Dial by your location
+1 301 715 8592 US (Washington D.C)
+1 312 626 6799 US (Chicago)
+1 929 205 6099 US (New York)
+1 253 215 8782 US (Tacoma)
+1 346 248 7799 US (Houston)
+1 669 900 6833 US (San Jose)
1.Call to order
2.Public Comments
3.Approve Agenda
4.Consent Agenda
a.Minutes –Requested Action:Approve the minutes of October20, 2020.
b.Financial Report –Requested Action: Accept the October 2020 Financial Reports as
presented.
5.Waiving of Lodging Tax
6.Business/Development Updates
7.Board Member Announcements
8.Adjourn
75 Callaway Street East | Saint Joseph, Minnesota 56374
Email: cityoffices@cityofstjoseph.com | Phone: 320.363.7201 | Fax 320.363.0342
October 20, 2020
Page 1of 1
Pursuant to due call and notice thereof, the St. Joseph Economic Development Authority met on
Tuesday, October 20,2020at 12:00 PMat the St. Joseph Government Center.
Board MembersRick Schultz,Doug Danielson Troy Goracke, Larry Hosch
Members Present:
Members Absent:Dale Wick
:City AdministratorTherese Haffner, Finance Director Lori Bartlett
City Representatives Present
Others Present:CVB Director Mary Bruno
Schultz called the St. Joseph Economic DevelopmentAuthority meeting to order at 12:00PM
Agenda Approval:Goracke made a motion to approve the agendaas presented;seconded by
Danielsonand passed unanimously by those present.
:Danielson made a motion to approve the consent agenda as follows; seconded
Consent Agenda
by Hoschand passed unanimously by those present.
a.Minutes -Approvedthe minutes of August18, 2020.
b.Sept. Financial Report -Acceptedthe Sept2020Financial Reportas presented.
Convention and Visitor’s Bureau (CVB) Budget:Haffner presented the proposed 2021 CVB budget and
highlighted the following:
Employee CVB Director Wage: $750 per month
Website: $500
VideoMarketing: $2,000
Miscellaneous Marketing: $2,000
GreaterSt. Cloud Visitor Guide: $350
New Comer Ad: $200
Bruno discussed the proposed CVB budget and marketingefforts, including their signage plan. Bartlett
suggested the budget at $14,550 for 2021. Bartlett shared that the lodging tax collected was about
$16,000 annually but anticipated that would be down in 2021 but reserve funds could be used for
shortfalls. Danielson discussed the hardships that businesses have had due to COVID 19 and suggested
relief from the lodging tax.
Schultzmade a motion to approve the 2021 CVB budget at $14,550 with up to $2,000 of the
budgeted amount for marketing not requiring EDAapproval, seconded by Danielsonand passed
unanimously by those present.
Development Updates:
Haffner provided the following updates:
Jupiter Moon Ice Cream opened.
Knife River’s expansion continues.
th
, 2020.
The new Community Development Director Nate Keller will start December 7
Adjourn:Hoschmade a motion to adjournthemeetingat 12:47PM; seconded by Schultz and
passed by those present.
Therese Haffner
City Administrator
EDAAgenda Item 5b
________________________
MEETING DATE:November 17, 2020
AGENDA ITEM:OctoberFinance Reports
SUBMITTED BY:Finance
STAFFRECOMMENDATION:Accept the October 2020 Financial Reports.
PREVIOUS EDAACTION:None
BACKGROUND INFORMATION:Enclosed you will find the reconciled financial reports through
October30,2020. The ending undesignated balance shows a surplusof $40,924.The designated project
balance is $22,044.The capital designated balance includes 2020capital budgetbalanceof $44,100.The
EDA is mainly funded by tax proceeds. The first half tax proceeds were received inJune andJuly. The
final settlement is due in December.
The other funds reported include the TIF funds, Lodging Tax, DEED CDAP Grant reimbursementand the
Revolving Loan fund. There are threerevolving loansto Krewe and Flour to Flower Bakery; St. Joseph
Food Co-Op;and Jupiter Moon Ice Cream.The currentrevolving loan fund balance is $197,778.60at
th
October30, including $189,554reserved balance from the EDA fund to be used for future economic
development;$8,225is 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.
th
The Lodging Tax fund has a balance of $25,060onOctober30.A summary of their activity is enclosed
nd
in this report.Staff will monitor collections. The lodging tax revenue in the 2quarterdecreasedwith
the pandemic.
The 2018 Housing Rehab grant administered by Central MN Housing Partnership has a balance of
$78,378. Per Messina Owingsat the Partnership, there is an interested person applying for aproject and
openedthe grant area to the phase 2 area.Messinais marketing the funds to both the phase 1 and 2 areas.
There have been two applications received for fall work under this grant.
BUDGET/FISCAL IMPACT:For Information Only
ATTACHMENTS:EDA Financial Summary
EDA Balance Sheet
EDA Check Register
EDA Revenue Report
EDA Expenditure Report
EDA Summary CIP
CVB Financial Summary
REQUESTED BOARDACTION:Consider acceptanceof the Octoberfinancial reports.
St. Joseph Economic Development Authority
Summary Treasurer's Report - Fund 150
October 2020
Fund 150, EDA Balance as of December 31, 2019(Audited)
40,700.12
Year to Date Revenue:
Interest Earnings896.88
TIF/MIF Deposit-
DEED Housing Federal Grant Proceeds-
Abatement Reimbursement (School District)4,691.00
Ad Valorem Taxes64,330.33
Surplus Property (Sale of Outlot C)24,500.00
Total Revenue94,418.21
Year to Date Expenditures by Object:
Board Stipends(1,120.00)
Staff Salaries/Training(23,555.06)
Workers Comp Premium(162.37)
Software Support/Office Supplies(637.96)
Professional Services-
Legal/Engineering Fees(1,120.12)
Telephone(1,126.00)
Greater St. Cloud Development Investment(5,000.00)
Business Round Table Outreach-
Advertising(99.26)
Abatement Payments (Country Manor)(15,040.24)
CM Housing Grant Reimbursement-
Computers(670.17)
EDA Programs(23,618.88)
Transfer to Other Funds-
Total Expenses(72,150.06)
Fund Summaries as of October 30, 2020:
EDA Fund Balance - Fund 150 - unaudited, cash balance
62,968.27
Designated for Capital Programs 22,044.41
Undesignated 40,923.86
TIF 3-1 Central MN Credit Union Fund Balance - Fund 152 16,433.51
TIF 4-1 Fortitude Senior Apts Fund Balance - Fund 153 8,317.33
TIF 2-1 Millstream Shops and Lofts Fund Balance - Fund 15731,205.58
TIF 2-2 St. Joseph Meat Market Fund Balance - Fund 158330.16
TIF 2-3 Bayou Blues & Alley Flats Fund Balance - Fund 159(9,837.84)
Lodging Tax Fund Balance - Fund 22025,059.96
DEED CDAP Grant Fund Balance - Fund 22550,296.18
Revolving Loan Fund Balance - Fund 250197,778.60
Designated for Revolving Loan Program 8,224.69
Designated for Economic Development 189,553.91
11/12/20 2:15 PM
City of St. Joseph
Page 1
EDA Balance Sheet
Current Period: October 2020
YTDYTDCurrent
FUND DescrAccount DescrBegin YrDebitCreditBalance
FUND 150 Economic Development
Economic DevelopmentG 150-10100 Cash$29,584.19$100,209.34$77,125.26$52,668.27
Economic DevelopmentG 150-10450 Interest Receivable$159.80$0.00$159.80$0.00
Economic DevelopmentG 150-10500 Accounts Receivable$0.00$0.00$0.00$0.00
Economic DevelopmentG 150-10700 Taxes Receivable - Delinquent$2,089.77$0.00$2,089.77$0.00
Economic DevelopmentG 150-13113 Due From other Gov t Units$5,589.13$0.00$5,589.13$0.00
Economic DevelopmentG 150-15500 Due From Other Fund$10,300.00$0.00$0.00$10,300.00
Economic DevelopmentG 150-20200 Accounts Payable-$4,727.88$4,727.88$0.00$0.00
Economic DevelopmentG 150-20201 Salaries Payable-$205.12$205.12$0.00$0.00
Economic DevelopmentG 150-22204 Deferred Inflow of Resources-$2,089.77$2,089.77$0.00$0.00
Economic DevelopmentG 150-24415 Design. Fd Bal - Operations$0.00$0.00$0.00$0.00
Economic DevelopmentG 150-25310 Unassigned Fund Balance-$40,700.12$82,874.19$105,142.34-$62,968.27
FUND 150 Economic Development$0.00$190,106.30$190,106.30$0.00
FUND 152 TIF 3-1 CMCU
TIF 3-1 CMCUG 152-10100 Cash$3,130.97$22,627.36$9,324.82$16,433.51
TIF 3-1 CMCUG 152-10450 Interest Receivable$7.45$0.00$7.45$0.00
TIF 3-1 CMCUG 152-10500 Accounts Receivable$0.00$0.00$0.00$0.00
TIF 3-1 CMCUG 152-20200 Accounts Payable$0.00$0.00$0.00$0.00
TIF 3-1 CMCUG 152-20500 Due To Other Fund$0.00$0.00$0.00$0.00
TIF 3-1 CMCUG 152-25310 Unassigned Fund Balance-$3,138.42$9,332.27$22,627.36-$16,433.51
FUND 152 TIF 3-1 CMCU$0.00$31,959.63$31,959.63$0.00
FUND 153 TIF 4-1 Fortitude Senior Apts
TIF 4-1 Fortitude SeniorG 153-10100 Cash$6,229.11$28,535.76$26,447.54$8,317.33
TIF 4-1 Fortitude SeniorG 153-10450 Interest Receivable$19.71$0.00$19.71$0.00
TIF 4-1 Fortitude SeniorG 153-10500 Accounts Receivable$0.00$0.00$0.00$0.00
TIF 4-1 Fortitude SeniorG 153-20200 Accounts Payable$0.00$0.00$0.00$0.00
TIF 4-1 Fortitude SeniorG 153-20500 Due To Other Fund$0.00$0.00$0.00$0.00
TIF 4-1 Fortitude SeniorG 153-25310 Unassigned Fund Balance-$6,248.82$26,467.25$28,535.76-$8,317.33
FUND 153 TIF 4-1 Fortitude Senior Apts$0.00$55,003.01$55,003.01$0.00
FUND 157 TIF 2-1 Millstream
TIF 2-1 MillstreamG 157-10100 Cash$30,039.91$23,861.16$22,695.49$31,205.58
TIF 2-1 MillstreamG 157-10450 Interest Receivable$101.98$0.00$101.98$0.00
TIF 2-1 MillstreamG 157-10500 Accounts Receivable$0.00$0.00$0.00$0.00
TIF 2-1 MillstreamG 157-13113 Due From other Gov t Units$0.00$0.00$0.00$0.00
TIF 2-1 MillstreamG 157-20200 Accounts Payable$0.00$0.00$0.00$0.00
TIF 2-1 MillstreamG 157-25310 Unassigned Fund Balance-$30,141.89$22,797.47$23,861.16-$31,205.58
FUND 157 TIF 2-1 Millstream$0.00$46,658.63$46,658.63$0.00
FUND 158 TIF 2-2 Meat Market
TIF 2-2 Meat MarketG 158-10100 Cash$701.75$4,366.35$4,237.94$830.16
TIF 2-2 Meat MarketG 158-10450 Interest Receivable$3.10$0.00$3.10$0.00
TIF 2-2 Meat MarketG 158-20201 Salaries Payable$0.00$0.00$0.00$0.00
TIF 2-2 Meat MarketG 158-20500 Due To Other Fund-$500.00$0.00$0.00-$500.00
TIF 2-2 Meat MarketG 158-25310 Unassigned Fund Balance-$204.85$4,241.04$4,366.35-$330.16
FUND 158 TIF 2-2 Meat Market$0.00$8,607.39$8,607.39$0.00
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
TIF 2-3 Bayou Blues/AllG 159-10100 Cash$362.69$7,188.47$7,589.00-$37.84
TIF 2-3 Bayou Blues/AllG 159-10450 Interest Receivable$2.37$0.00$2.37$0.00
TIF 2-3 Bayou Blues/AllG 159-13113 Due From other Gov t Units$41.27$0.00$41.27$0.00
11/12/20 2:15 PM
City of St. Joseph
Page 2
EDA Balance Sheet
Current Period: October 2020
YTDYTDCurrent
FUND DescrAccount DescrBegin YrDebitCreditBalance
TIF 2-3 Bayou Blues/AllG 159-20200 Accounts Payable$0.00$0.00$0.00$0.00
TIF 2-3 Bayou Blues/AllG 159-20500 Due To Other Fund-$9,800.00$0.00$0.00-$9,800.00
TIF 2-3 Bayou Blues/AllG 159-25310 Unassigned Fund Balance$9,393.67$7,632.64$7,188.47$9,837.84
FUND 159 TIF 2-3 Bayou Blues/Alley Flat$0.00$14,821.11$14,821.11$0.00
FUND 220 Lodging Tax
Lodging TaxG 220-10100 Cash$34,282.58$9,885.27$19,107.89$25,059.96
Lodging TaxG 220-10450 Interest Receivable$120.60$0.00$120.60$0.00
Lodging TaxG 220-10500 Accounts Receivable$381.93$0.00$381.93$0.00
Lodging TaxG 220-25310 Unassigned Fund Balance-$34,785.11$19,610.42$9,885.27-$25,059.96
FUND 220 Lodging Tax$0.00$29,495.69$29,495.69$0.00
FUND 225 DEED CDAP Grant
DEED CDAP GrantG 225-10100 Cash$32,937.58$17,358.60$0.00$50,296.18
DEED CDAP GrantG 225-10450 Interest Receivable$122.24$0.00$122.24$0.00
DEED CDAP GrantG 225-25310 Unassigned Fund Balance-$33,059.82$122.24$17,358.60-$50,296.18
FUND 225 DEED CDAP Grant$0.00$17,480.84$17,480.84$0.00
FUND 250 Revolving Loan Fund
Revolving Loan FundG 250-10100 Cash$219,625.50$13,663.19$35,249.00$198,039.69
Revolving Loan FundG 250-10450 Interest Receivable$1,002.95$0.00$1,264.04-$261.09
Revolving Loan FundG 250-11900 Notes Receivable$52,500.00$0.00$52,500.00$0.00
Revolving Loan FundG 250-22204 Deferred Inflow of Resources-$51,373.70$51,373.70$0.00$0.00
Revolving Loan FundG 250-24415 Design. Fd Bal - Operations-$33,571.12$0.00$0.00-$33,571.12
Revolving Loan FundG 250-25310 Unassigned Fund Balance-$188,183.63$37,639.34$13,663.19-$164,207.48
FUND 250 Revolving Loan Fund$0.00$102,676.23$102,676.23$0.00
$0.00$496,808.83$496,808.83$0.00
11/12/20 2:16 PM
City of St. Joseph
Page 1
EDA Check Register
CHECK
#Search NameCommentsFUNDDEPARTAmount
056764BRUNO PRESSOctober 2020 CVB Social Media22046500$750.00
056856MIDCONTINENT COMMUNICATIONSOctober 2020 Telephone/Fiber15046500$114.80
056881JOVANOVICH, DEGE & ATHMANNRLF Loans - September 202025046500$399.00
056914LEAGUE OF MN CITIES INS TRUSTFinal 2019-2020 Audited Work 15046500-$1.75
056914LEAGUE OF MN CITIES INS TRUSTFinal 2019-2020 Audited Work 15046500$16.52
$1,278.57
11/12/20 2:17 PM
City of St. Joseph
Page 1
EDA Revenue Report
Current Period: October 2020
2020October2020
Account DescrSOURCYTD Budget2020 AmtYTD Amt
FUND 150 Economic Development
R 150-46500-31010 Current Ad Valorem Taxes31010$124,530.00$0.00$64,330.33
R 150-46500-33160 Federal Grants - Other33160$0.00$0.00$0.00
R 150-46500-34150 TIF/MIF Deposit34150$0.00$0.00$0.00
R 150-46500-34160 Tax Abatement Reimbursement34160$0.00$0.00$4,691.00
R 150-46500-36210 Interest Earnings36210$1,000.00$0.00$896.88
R 150-49302-36260 Surplus Property36260$0.00$0.00$24,500.00
R 150-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
FUND 150 Economic Development$125,530.00$0.00$94,418.21
FUND 152 TIF 3-1 CMCU
R 152-46500-31050 Tax Increment31050$0.00$0.00$22,483.65
R 152-46500-36210 Interest Earnings36210$0.00$0.00$136.26
R 152-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
FUND 152 TIF 3-1 CMCU$0.00$0.00$22,619.91
FUND 153 TIF 4-1 Fortitude Senior Apts
R 153-46500-31050 Tax Increment31050$0.00$0.00$28,225.87
R 153-46500-34150 TIF/MIF Deposit34150$0.00$0.00$0.00
R 153-46500-36210 Interest Earnings36210$0.00$0.00$196.48
R 153-49302-39201 Transfers from Other Funds39201$0.00$0.00$93.70
FUND 153 TIF 4-1 Fortitude Senior Apts$0.00$0.00$28,516.05
FUND 157 TIF 2-1 Millstream
R 157-46500-31050 Tax Increment31050$0.00$0.00$23,001.36
R 157-46500-36210 Interest Earnings36210$0.00$0.00$757.82
FUND 157 TIF 2-1 Millstream$0.00$0.00$23,759.18
FUND 158 TIF 2-2 Meat Market
R 158-46500-31050 Tax Increment31050$0.00$0.00$4,339.61
R 158-46500-36210 Interest Earnings36210$0.00$0.00$23.64
R 158-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
FUND 158 TIF 2-2 Meat Market$0.00$0.00$4,363.25
FUND 159 TIF 2-3 Bayou Blues/Alley Flat
R 159-46500-31050 Tax Increment31050$0.00$0.00$7,126.56
R 159-46500-36210 Interest Earnings36210$0.00$0.00$18.27
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$7,144.83
FUND 220 Lodging Tax
R 220-46500-31600 Lodging Tax31600$14,000.00$0.00$3,647.68
R 220-46500-34409 Marketing34409$200.00$0.00$0.00
R 220-46500-36210 Interest Earnings36210$500.00$0.00$735.06
R 220-46500-36230 Contributions - General36230$0.00$0.00$5,000.00
FUND 220 Lodging Tax$14,700.00$0.00$9,382.74
FUND 225 DEED CDAP Grant
R 225-46500-34200 DEED Housing Reimbursement34200$0.00$0.00$16,221.28
R 225-46500-36210 Interest Earnings36210$1,000.00$0.00$1,015.08
R 225-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
FUND 225 DEED CDAP Grant$1,000.00$0.00$17,236.36
FUND 250 Revolving Loan Fund
11/12/20 2:17 PM
City of St. Joseph
Page 2
EDA Revenue Report
Current Period: October 2020
2020October2020
Account DescrSOURCYTD Budget2020 AmtYTD Amt
R 250-46500-36210 Interest Earnings36210$2,000.00$0.00$4,528.64
R 250-49302-39201 Transfers from Other Funds39201$0.00$0.00$0.00
R 250-46500-39320 Loan Principal39320$6,860.00$999.96$5,436.59
R 250-46500-39321 Loan Interest39321$1,465.00$203.76$1,207.62
R 250-46500-39322 Loan Origination Fee39322$0.00$0.00$100.00
FUND 250 Revolving Loan Fund$10,325.00$1,203.72$11,272.85
$151,555.00$1,203.72$218,713.38
11/12/20 2:16 PM
City of St. Joseph
Page 1
EDA Expenditure Report
Current Period: October 2020
2020October2020
Account DescrYTD Budget2020 AmtYTD Amt
FUND 150 Economic Development
E 150-46500-101 Salaries$33,510.00$0.00$15,539.65
E 150-46500-103 Legislative Bodies$4,410.00$0.00$1,120.00
E 150-46500-121 PERA Contributions$2,515.00$0.00$1,165.49
E 150-46500-122 FICA Contributions$1,925.00$0.00$927.89
E 150-46500-123 Deferred Comp-Employer$455.00$0.00$1,251.89
E 150-46500-125 Medicare Contributions$450.00$0.00$216.99
E 150-46500-130 H S A- Employer Contribution$875.00$0.00$562.50
E 150-46500-131 Health Insurance$6,090.00$0.00$2,700.19
E 150-46500-132 Dental Insurance$415.00$0.00$203.99
E 150-46500-133 Life Insurance$25.00$0.00$13.83
E 150-46500-134 Disabilty Insurance$285.00$0.00$137.01
E 150-46500-151 Workers Comp. Insur. Prem.$215.00$14.77$162.37
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$737.00
E 150-46500-308 Community Programs$0.00$0.00$0.00
E 150-46500-321 Telephone$1,400.00$114.80$1,126.00
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$99.26
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$15,040.24
E 150-49300-720 Transfers to Other Funds$0.00$0.00$0.00
FUND 150 Economic Development$125,530.00$129.57$72,150.06
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$990.00
E 152-46500-301 Audit & Accounting Services$750.00$0.00$0.00
E 152-46500-340 Advertising$45.00$0.00$54.26
E 152-46500-622 TIF/Abatement Payments$0.00$0.00$8,280.56
E 152-49300-720 Transfers to Other Funds$0.00$0.00$0.00
FUND 152 TIF 3-1 CMCU$795.00$0.00$9,324.82
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
11/12/20 2:16 PM
City of St. Joseph
Page 2
EDA Expenditure Report
Current Period: October 2020
2020October2020
Account DescrYTD Budget2020 AmtYTD Amt
E 153-46500-300 Professional Services$0.00$0.00$990.00
E 153-46500-340 Advertising$0.00$0.00$54.26
E 153-46500-588 EDA Programs$0.00$0.00$0.00
E 153-46500-622 TIF/Abatement Payments$0.00$0.00$25,403.28
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$26,447.54
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$1,940.00
E 157-46500-301 Audit & Accounting Services$500.00$0.00$0.00
E 157-46500-340 Advertising$45.00$0.00$54.26
E 157-46500-622 TIF/Abatement Payments$34,000.00$0.00$20,701.23
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$22,695.49
FUND 158 TIF 2-2 Meat Market
E 158-46500-101 Salaries$0.00$0.00$46.48
E 158-46500-121 PERA Contributions$0.00$0.00$3.48
E 158-46500-122 FICA Contributions$0.00$0.00$2.78
E 158-46500-123 Deferred Comp-Employer$0.00$0.00$0.63
E 158-46500-125 Medicare Contributions$0.00$0.00$0.65
E 158-46500-131 Health Insurance$0.00$0.00$6.58
E 158-46500-132 Dental Insurance$0.00$0.00$0.45
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$54.26
E 158-46500-622 TIF/Abatement Payments$4,000.00$0.00$4,122.63
FUND 158 TIF 2-2 Meat Market$4,545.00$0.00$4,237.94
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$990.00
E 159-46500-301 Audit & Accounting Services$750.00$0.00$0.00
E 159-46500-340 Advertising$45.00$0.00$54.26
E 159-46500-622 TIF/Abatement Payments$0.00$0.00$6,451.04
E 159-49300-720 Transfers to Other Funds$0.00$0.00$93.70
11/12/20 2:16 PM
City of St. Joseph
Page 3
EDA Expenditure Report
Current Period: October 2020
2020October2020
Account DescrYTD Budget2020 AmtYTD Amt
FUND 159 TIF 2-3 Bayou Blues/Alley Flat$795.00$0.00$7,589.00
FUND 220 Lodging Tax
E 220-46500-300 Professional Services$3,000.00$750.00$7,500.00
E 220-46500-309 Visitors Bureau$9,200.00$0.00$7,477.88
E 220-46500-328 Marketing$2,000.00$0.00$3,528.35
E 220-46500-331 Travel & Conference Expense$0.00$0.00$561.66
E 220-46500-340 Advertising$500.00$0.00$40.00
FUND 220 Lodging Tax$14,700.00$750.00$19,107.89
FUND 225 DEED CDAP Grant
E 225-46500-300 Professional Services$12,500.00$0.00$0.00
E 225-46500-340 Advertising$0.00$0.00$0.00
FUND 225 DEED CDAP Grant$12,500.00$0.00$0.00
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$399.00$499.00
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$34,750.00
FUND 250 Revolving Loan Fund$0.00$399.00$35,249.00
$193,410.00$1,278.57$196,801.74
2,728.41
19,316.00 78,378.00
211,598.32
189,553.91208,869.91
10/30
670.17
25,454.17
24,784.0024,784.00
10/30through
Reimbursed100,247.00
500.00
44,600.00
EDA
44,100.0044,100.00
Plan
2019
9
2019
18,
16,
Award178,625.00
June
2,898.58
192,452.49
189,553.91189,553.91
Expenditures
Availablethrough
Improvement
12/31/201
December
Capital
Capital
Recommended:
Adopted
2020
Fund
EDA
General
Housing Grant Draw Down
Computer SoftwareBusiness DevelopmentBusiness Development
EDA-1401EDA-1402EDA-1402
CodeNumberEquipmentBalance202020202020Balance
P
ProjectProjectReserveBudgetGrants/AidsSpent2020
DepartmentAccount
EDA150-46500-582EDA150-46500-588RLF250-46500-588 TOTAL EDA CI
CVB2020FinancialSummary
AsofOctober30,2020
BeginningFundBalance112034,785.11$
YTDRev
Customer2020
InterestEarnings735.06$
TshirtSales$
BeanieHatSales$
FireworksDonations5,000.00$
RodewayInnLodgingTax3,254.16$
CSBLodgingTax$
EstatesB&BLodgingTax393.52$
$9,382.74
YTDExp
Vendor2020
BrunoPresssocialmediacampaign7,500.00$
ExploreMinnesotaConference561.66$
RubinskiWorksVideos2,250.00$
WebsiteHosting3,528.35$
ResPyroFireworks5,267.88$
ThinkTourismUSAMagazineAd$
MinnesotaPublicRadioAd$
87LumensEventPhotos$
Krillan,Inc.Tshirts$
Krillan,Inc.BeanieHats$
NewcomerServiceMagazineAd$
$19,107.89
EndingCashBalance10302025,059.96$