HomeMy WebLinkAbout1994/08/01 - ADMIN - Agenda Packets - Economic Development Authority - RegularAugust 1, 1994
EDA
TO:
THROUGH:
FROM:
SUBJECT:
Economic Development Authority
Charlie Meyer, Executive Director~
} ·5
Mac McBride, Finance Director /)l/
Lori Ziemer, Asst. Finance Director 7
July 1994 EDA Monthly Statement
)
The Combining Statement of Revenue and Expenditures, the Individual Statement
of Revenue and Expenditures and the Schedule of Investments provides in
summary form the financial position of the EDA.
Revenue collections reflect the May tax increment settlement received from
Hennepin County and interest received on investments which matured during
July.
Significant expenditures reflect construction associated with the Park
Nicollet parking ramp project, landscaping near South Oak Pond, and legal
services for April.
J
St. Louis Park Economic Development Authority
Combining Statement of Revenue and Expenditures
Budget and Actual
For Period Ending July 31, 1994
YTD BALANCE PERCENT
COLLECTED/ UNCOLLEC./ COLLECTED/
BUDGET EXPENDED UNEXPEND. EXPENDED
REVENUE
Tax increment
Rent
Interest
Transfers
Refunds & Reimburse
TOTAL REVENUE
)
EXPENDITURES
Administrative
Salaries
Employee benefits
Supplies & other chgs.
Leg a 1
Contractual
Planning
Total Administrative
Project Cost
Professional service
Legal
Environ. analysis
Public improvement
Relocation/demolition
Property acquisition
Environ. remediation
Referendum payment
Property Maintenance
Other services
Transfers
Total Project Costs
Debt Service
Bond interest
Bond interest
Transfer
Inter-govt., City
Bond agent fees
Total Debt Service
TOTAL EXPENDITURES
REVENUE OVER (UNDER)
EXPEND ITU RES
$3,100,740 $1,476,151 $1,624,589
4,680 2,730 1,950
639,005 545,545 93,460
129,673 (129,673)
3,744,425 2,154,099 1,590,326
84,520
17,278
4,647
3,560
110,005
108,200
75,000
2,000
7,392,000
692,500
824,800
22,860
8,000
504,000
840,000
1,344,000
33,976
7,132
1,941
703
43,752
43,423
2,921
4,318,724
484,133
11,802
2,260
523
50,544
10,146
2,706
2,857
66,253
108,200
31,577
(921)
3,073,276
208, 367
824,800
(11,802)
20,600
7,477
9,125,360 4,863,786 4,261,574
600,000 (600,000)
28,395 475,605
840,000
5,587 (5,587)
633,982 710,018
10,579,365 5,541,520 5,037,845
(6,834,940)(3,387,421) (3,447,519)
48%
58
85
58
40
41
42
20
40
58
146
58
70
10
7
53
6
47
52
50
J
1
St . Louis Par k Eco nom ic De v e lo p m ent A ut ho r it y
Ind iv id ual St a tem ent Of Rev e n u e A nd Ex pe nd it ur e s
For Pe r io d End in g Ju ly 31 , 19 9 4
7
REVENUE
Tax increment
Rent
Interest
Transfers
Refund/reimburse
TOTAL REVENUE
EXCELSIOR OAK PARK
BLVD VILLAGE
$940,952 $197,889
2,730
358,369 41,898
75,009
--------- -------
1,374,330 242,517
EXPENDITURES
Administrative
Salaries
Employee benefits
Supplies & other chgs.
Legal
Contractual
Planning
Total Administrative
Project Cost
Appraisal/survey
)
Legal
Environ. analysis
Public improvement
Relocation/demolition
Property tax
Acquisition
Referendum payment
Property maintenance
Other services
REVENUE OVER (UNDER)
EXPENDITURES
11,860
2,493
1,309
742
16,404
34,010
1,862
4,232,776
484,133
8,980
2,260
523
Total Project Costs 4,764,544
Debt Service
Bond principal
Bond interest
Transfer
Inter-govt., City
Bond agent fees
Total Debt Service
TOTAL EXPENDITURES 4,780,948
7,509
1,549
292
(90)
9,260
2,822
2,822
12,082
(3,406,618) 230,435
TRUNK CAPITAL
HWY 7 PROJECTS
$337,310
10,147
50,000
-------
397, 457
14,607
3,090
340
51
18,088
9,413
1,059
85,948
96,420
114,508
282,949
$
117,783
117,783
DEBT
SERVICE TOTAL
$ $1,476,151
2,730
17,348 545,545
4,664 129,673
22,012 2,154,099
600,000
28,395
5,587
633,982
=======
33,976
7,132
1,941
703
43,752
43,423
2,921
4,318,724
484,133
11,802
2,260
523
4,863,786
600,000
28,395
5,587
633,982
633,982 5,541,520
117,783 (611,970) (3,387,421)
J
2
ST . LO U IS PA RK ECONOM IC DEV ELO PM ENT AUTHO R IT Y
SCHEDULE OF IN VE ST M ENT S
July 31, 19 94
Date
In v e stm ent s --------------------
Institution/Type Yield Purchase Maturity Balance
---------------- -------- -------- -------
Dain Bosworth - Treas. 3.61 03-31-93 07-31-94 $1,000,000
Park National -C.D. 3.55 04-30-93 09-07-94 1,250,000
1st Banks - C.P. 3.44 12-30-93 09-26-94 341,206
1st Banks - Treas. 3.57 07-07-93 09-30-94 1,000,000
Park Investment - Treas. 3.49 10-01-93 11-15-94 1,000,000
Dain Bosworth - Treas. 3.61 11-15-93 11-30-94 1,500,000
Dain Bosworth - Treas. 3.65 11-15-93 12-31-94 1,000,000
Dain Bosworth- FHL 3.59 10-25-93 01-25-95 1,513,312
1st Banks - FNMA 3.90 12-01-93 03-10-95 2,332,350
1st Banks - FC 3.90 12-02-93 04-03-95 707,314
1st Banks NA - FHL 5.06 05-03-94 04-03-95 699,154
Park Investment - Treas. 3.25 01-10-94 04-30-95 1,500,000
1st Banks - Treas. 3.65 01-31-94 04-30-95 1,500,000
1st Banks - Treas. 4.44 03-08-94 05-31-95 700,000
Park National -C.D. 5.45 06-03-94 05-31.95 600,000
) Dain Bosworth - Treas. 4.90 04-15-94 06-30-95 1,000,000
Park Investment - FC 5.52 07-07-94 07-05-95 1,297,779
1st Banks - FHL 3.84 09-20-93 09-20-95 1,000,000
4M Fund Various Open 483,396
----------
Total Investments $20,424,511
----------
Legend: C.D. = Certificate of Deposit
C.P. = Commercial Paper
F.C. = Farm Credit
F.N.M.A. = Federal National Mortgage Assn.
F.H.L.B. = Federal Home Loan Bank
Treas. = U.S. Treasury Bonds
Gov't Agencies = Term U.S. Government Securities
3
V E N D O R CL A IM S
Ec o n o m i c D e v e l o p m en t A u th o r i ty -S t . L o u i s P a rk
A u g u s t L , 19 9 4
V e n d o r De s c r i p ti o n Am o u n t
A d o l f so n & Per:erson Inc.
Braun Intertec Corporation
Coop De Grass Inc.
Dahlgren Shardlow & Uban
Kraus-Anderson
Publicorp Inc.
Park Nicollet Ramp
Services
Services
Professional services
Park Nicollet Ramp
Services
$435,557.06
13,502.11
1,437.75
18,597.73
83,039.14
656.25
TOTAL $552,790.04
T
Account±ass Dee. ///24. asea <7/>3/
-----~~~---------- -----,''-----~--f-----
E x e cut iv e Directafo /4-,fr Dated
7
)
j