3.1. EDSR CHECK REGISTER 07-14-1997 BRC FINANCIAL SYSTEM CITY OF ELK RIVER
06/13/97 11:58 Check Register GL540R—VO4.40 PAGE 5
10 VENDOR CHECK# DATE AMOUNT
EDA BANK OF ELK RIVER #020407
010140 A T & T 1354 06/16/97 7.64
013625 DIVERSIFIED MARKETING RE 1355 06/16/97 1,238.18
022970 S A T OFFICE PRODUCTS IN 1356 06/16/97 18.25
024925 U S NEST COMMUNICATIONS 1357 06/16/97 59.81
BANK OF ELK RIVER #020407 1,323.88 ***
BRC FINANCIAL SYSTEM CITY OF ELK RIVER
06/27/97 10:31 Check Register 6L540R-VO4.40 PAGE 4
BANK VENDOR CHECK* DATE AMOUNT 0EDA NK OF ELK RIVER 1020407
0 142 A T 1 T NIRELESS SERVICE 1358 06/30/97 31.25
013670 DOHERTY, RUMBLE 8 BUTLER 1359 06/30/97 262.75
015565 GENESIS BUSINESS CENTERS 1360 06/30/97 500.00
015783 GREEN CO/HONARD R 1361 06/30/97 85.00
016240 HICKMAN/LARRY 1362 06/30/97 1,648.00
016545 HOUSE '8' CLEAN 1363 06/30/97 42.60
018460 LEAGUE OF MN CITIES-INS 1364 06/30/97 17.50
023280 SCHNAAB INC 1365 06/30/97 11.02
025595 NEDELL/6RETA 1366 06/30/97 658.00
BANK OF ELK RIVER 0020407 3,256.12 ***
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INFORMATION ONLY
STATEMENT OF FINANCIAL ACTIVITY
FOR THE EDA, MICRO AND DTED LOAN FUNDS
FOR THE PERIOD JUNE 30,1997
ID
ECONOMIC DEVELOPMENT AUTHORITY
1997 Month to Year to
Budget Date Date
Cash Balance $ 88,822
Revenues
Property Tax $ 82,440 $ - $ -
HACA 12,060 - -
Refunds& Reimb. - - -
Interest Income - 142 1,089
Total Revenues 94,500 142 1,089
Expenditures
Personal Services 46,600 17 10,936
Supplies 800 44 457
Other Services&Charges 45,350 4,414 17,680
Transfers 1,000 - -
Total Expenditures 93,750 4,475 29,073
• MICRO LOAN FUND DTED LOAN FUND
Month to Year to Month to Year to
Date Date Date Date
Cash Balance $ 284,848 $ 12,561
Revenues
Application Fees $ - $ 500 $ - $ -
Interest Income 2,026 4,156 90 943
Loan Payments 7,183 51,096 - 15,546
Total Revenues 9,209 55,752 90 16,489
Expenditures
Loans - 50,000 - -
Transfer - - 89,502 89,502
Total Expenditures - 50,000 89,502 89,502
Status of Micro Loans as of June 30:
Business Current Business Current
Alltool Grant Y Pomeroy Tool Y
Roma Tool Grant Y Designing Women Y
Second Generation Y Tescom Y
Indy Lube Y Larose Y
Beaudry Y Water Laboratories Y
• R&D Sales Y E R Automall Y
Carpe Kairos LLC Y T J Properties Y
Internet 5 Y Diamond City Bread Y
Lefebvre Leasing Y
INFORMATION ONLY
STATEMENT OF FINANCIAL ACTIVITY
FOR THE ELK RIVER BUSINESS INCUBATOR
FOR THE PERIOD JUNE 30, 1997
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Month to Year to
Budget Date Date
Cash Balance $ 55,211
Revenues
Rent $ 10,000 $ 472 $ 1,418
Transfer - 89,502 89,502
Total Revenues 10,000 89,974 90,920
Expenditures
Lease with Private Party 50,502 3,296 6,592
Leasehold Improvements 25,000 25,000
Signage 3,000 2,075
Genesis Business Centers 6,000 1,000 2,000
Contingency 5,000 43 43
Total Expenditures 89,502 4,339 35,710
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