6.0. EDSR 06-12-1995 f 0 eO i
STATEMENT OF FINANCIAL ACTIVITY v
for the EDA, Micro Loan and DTED Loan Funds
for period ended May 31, 1995
• ECONOMIC DEVELOPMENT AUTHORITHY
Year
Jan, 1, 1995 to Date May 31, 1995
Cash Balance 37,260.35 (32,743.72) 4,516.63
Month to Year to Month to Year to
1995 Budget Date Date 1995 Budget Date Date
Revenues Expenditures
Property Tax 73,850.00 - 2,086.97 Personal Services 42,200.00 111.92 386.16
HACA 12,050.00 - - Other Crgs&Sry 28,700.00 2,814.45 8,794.17
Interest Income - - 279.57 Contractual Services 9,100.00 - -
Total Revenues 85,900.00 - 2,366.54 Transfers 1,000.00 - -
Total Expenditures 81,000.00 2,926.37 9,180.33
Notes: Excludes$10,501.20 due to the City for reimbursement of personal service expenditures for EDA staff.
A payment of$24,843.68 was made to the City in 1995 to reimburse 1994 expenditures.
The Elk River Youth Hockey Association owes the EDA$10,390.44 for the Marquette study.
MICRO LOAN FUND
Year
Jan. 1. 1995to Date May 31, 1995
Cash Balance 185,415.17 (48,612.30) 136,802.87
Month to Year to Month to Year to
1995 Budget Date Date 1995 Budget Date Date
• Revenues - Expenditures
Application Fees 480.00 Loans 98,000.00
Interest Income - 2,842.56 (1,606.93) Total Expenditures - 98,000.00
Loan Payments 12,590.25 44,916.97
Total Revenues - 15,432.81 43,790.04
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 Woodsmen Quality Y
Beaudry Y Larose Y
R&D Sales Y Water Laboratories Y
Mork Clinic Y E R Automall Y
Americlnn Y T J Properties Y
DTED LOAN FUND
Year
Jan. 1, 1995 to Date May 31, 1995
Cash Balance 18,418.11 16,692.38 35,110.49
Month to Year to Month to Year to I
1995 Budget Date Date 1995 Budget Date Date
Revenues Expenditures
Application Fees - - - Loans - - -
Interest Income - 591.40 591.40 Total Expenditures - - -
Loan Payments - 2,590.98 16,100.98
• Total Revenues - 3,182.38 16,692.38
6/7/95 STMT.XLS