3.1. HRSR 01-05-2009ITEM ~ 3.1. ~ 3.2.
of
fiver
MEMORANDUM
TO: Housing & Redevelopment Authority
FROM: Debbie Huebner, Community Development Admin. Asst.
DATE: January 2, 2008
SUBJECT: December HRA Minutes
I was not able to have the December 15` regular minutes and December 15t'' special meeting
minutes completed in time fox the packet. I will email them to you as soon as they are
available for your review. Thank you for your patience.
1/02/2009 11:59 AM REGULAR DEPARTMENT PAYMENT REPORT
VENDOR SET: O1 CITY OF ELK RIVER
FUND 910 HRA
DEPARTMENT: 610 Housing & Redevelopment
INVOICE DATE RANGE: 1/01/1998 THRU 99/99/9999
PAY DATE RANGE: 12/08/2008 THRU 1/05/2009
BUDGET TO USE: CB-CURRENT BUDGET
ITEM # 3.~.cE: 1
-SANK: HRA
VENDOR NAME ITEM # G/L ACCOUNT NAME DESCRIPTION CHECK # AMOUNT
01-13845 CENTERPOINT ENERGY I-12052008 910 4-6100-4389 Utilities NATURAL GAS 720 MAIN 001598 10.12
VENDOR 01-13845 TOTALS 10.12
01-17440 CITY OF ELK RIVER 2-120208 910 4-6100-4322 Postage POSTAGE FOR METER 001599 3.19
01-17440 CITY OF ELK RIVER I-122908 910 4-6100-4101 Regular Pay REIMB SALARIES-OCT/D 001599 13,914.60
01-17440 CITY OF ELX RIVER I-122908 910 4-6100-4104 PERA REIMB SALARIES-OCT/D 001599 904.45
01-17440 CITY OF ELK RIVER I-122908 910 4-6100-4105 FICA REIMB SALARIES-OCT/D 001599 862.71
' 01-17440 CITY OF ELK RIVER I-122908 910 4-6100-4107 Medicare REIMB SALARIES-OCT/D 001599 201.76
01-17440 CITY OF ELK RIVER I-122908 910 4-6100-4108 Insurance REIMB SALARIES-OCT/D 001599 1,513.21
01-17440 CITY OF ELK RIVER I-122908 910 4-6100-4109 Workers Comp REIMB SALARIES-OCT/D 001599 59.20
VENDOR 01-17440 TOTALS 17,459.12
01-21633 HOULTON INVESTMENT COM I-011509 910 4-6100-4601 Principal 716/720 MAIN ST-DEED 001601 48,040.84
01-21633 HOULTON INVESTMENT COM I-011509 910 4-6100-4611 Interest 716/720 MAIN ST-DEED 001601 11,043.34
VENDOR 01-21633 TOTALS 59,084.18
01-23805 LEAGUE OF MN CITIES IN C-14537 HRA 910 4-6100-4109 Workers Comp WORKERS COMP AUDIT 001602 46.00-
01-23805 LEAGUE OF MN CITIES IN I-14555 HRA 910 4-6100-4109 Workers Comp JAN-MAR 2009 PREMIUM 001602 54.70
01-23805 LEAGUE OF MN CITIES IN I-14555 HRA 910 4-6100-4109 Workers Comp JAN-MAR 2009 PREMIUM 001602 4.50
VENDOR 01-23805 TOTALS 13.20
01-28972 P B S GRAPHIC ART & DE I-00653703 910 4-6100-4359 Publishing ELK RIVER QA NEWSLET 001600 713.55
01-28972 P B S GRAPHIC ART & DE I-00654203 910 4-6100-4359 Publishing OPEN FOR BUSINESS AD 001600 870.11
01-28972 P B S GRAPHIC ART & DE I-00654403 910 4-6100-4359 Publishing OPEN FOR BUSINESS CO 001600 1,430.30
DEPARTMENT 6100 Housing & Redevelopment TOTAL: 79,580.58
VENDOR SET 910 HRA TOTAL: 79,580.58
REPORT GRAND TOTAL: 79,580.58
BALANCE SHEET ITEM ~ 3.4.
NOVEMBER 2008 al} ge. 1
CITY OF ELK RIVER
As of: 11/30/2008 Balances
Fund Type: CU Component Unit
Fund: 910 - HRA
Assets
Acct Class: 1000 Current Assets
1010 Cash 373,905.14
1190 Notes Receivable 400,000.00
1310 Due From Other Funds 420,368.79
Acct Class: 1000 Current Assets 1,194,273.93
Acct Class: 1600 Capital Assets
1620 Buildings & Structures 720,000.00
Acct Class: 1600 Capital Assets 720,000.00
Total Assets 1,914,273.93
Liabilities
Acct Class: 2000 Current Liabilities
Building Purchase (non-current liability)** 355,668.54
Acct Class: 2000 Current Liabilities 355,668.54
Total Liabilities 355,668.54
Reserves/Balances
Acct Class: 2400 Fund Equity
2400 Fund Balance 1,535,755.79
2600 Change In Fund Balance 22,849.60
Acct Class: 2400 Fund Equity 1,558,605.39
Total Reserves/Balances 1,558,605.39
Total Liabilities & Balances 1,914,273.93
** =The City's financial system is on the modified accrual basis of accounting and the current financial resources measurement focus.
"Government funds, with their focus on current financial resources, do not report liabilities for the following. Unmatured principal and interest
of long-term debt" (GAAFR, page 174). The City records long-term debt related liabilities as part of the GASB 34 conversion entries and will
show up on your year-end accrual statements. What finance will do is manually insert the long-term liability in your balance sheet to more
closely reflect accrual accounting.
I 12-OS-2008 10:12 AM
910-HRA
FINANCIAL SUMMARY
CITY OF ELK RIVER
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: NOVEMBER 30TH, 2008
PAGE : 1 IT~ ~ 3 . 5 .
91.678 OF YEAR COMP.
CURRENT CURRENT YEAR TO DATE $ OF BUDGET
BUDGET PERIOD ACTUAL BUDGET BALANCE
REVENUE SUMMARY
HRA
TOTAL REVENUES
EXPENDITURE SUMMARY
Economic Development
Housing & Redevelopment
TOTAL Economic Development
TOTAL EXPENDITURES
REVENUES OVER/(UNDER) EXPENDITURES
372,450. 00 1,407. 22 197,603.98 53.06 174,846 .02
372,450 .00 1,407. 22 197,603.98 53.06 174,846 .02
372,450. 00 0. 00 174,754. 38 46.92 197,695. 62
450
372 00 0 .00 174,754. 38 46.92 197,695. 62
.
,
372,450. 00 0 .00 174,754. 38 46.92 197,695. 62
0. 00 1,407 .22 22,849. 60 ( 22,849. 60)
I 12-OS-2008 10:12 AM CITY OF ELK RIVER PAGE: 2
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: NOVEMBER 30TH, 2008
~ 910-HRA
I REVENUES
91.67 OF YEAR COMP.
CURRENT CURRENT YEAR TO DATE OF BUDGET
BUDGET PERIOD ACTUAL BUDGET BALANCE
HRA
Property Taxes
910-3-0000-3111 Current Ad Valorem Taxes
TOTAL Property Taxes
Intergovernmental Rev
910-3-0000-3322 MV Credit
TOTAL Intergovernmental Rev
Charges for Services
910-3-0000-3475 Building Rent
TOTAL Charges for Services
Other Revenue
910-3-0000-3621 Interest Income
TOTAL Other Revenue
Transfers In
910-3-0000-3947 Transfer - TIF
TOTAL Transfers In
I TOTAL HRA
310,150.00 0. 00 152,681 .01 49. 23 157,468.99
310,150.00 0. 00 152,681 .01 49. 23 157,468.99
0.00 0. 00 5,909 .13 0. 00 ( 5,909.13)
0.00 0. 00 5,909 .13 0. 00 ( 5,909.13)
7,800.00 650. 00 6,500 .00 83. 33 1,300.00
7,800.00 650. 00 6,500 .00 83. 33 1,300.00
2,000.00 757. 22 8,314 .78 415 .74 ( 6,314.78)
2,000.00 757. 22 8,314 .78 415 .74 ( 6,314.78)
52,500.00 0.00 24,199.06 46.09 28,300.94
52,500.00 0.00 24,199.06 46.09 28,300.94
372,450.00 1,407.22 197,603.98 53.06 174,846.02
TOTAL REVENUE
372,450.00 1,407.22 197,603.98 53.06 174,846.02
12-OS-2008 10:12 AM CITY OF ELK RIVER PAGE: 3
REVENUE & EXPENSE REPORT (UNAUDITED)
AS OF: NOVEMBER 30TH, 2008
910-HRA
Economic Development
Housing & Redevelopment
DEPARTMENTAL EXPENDITURES
CURRENT CURRENT
BUDGET PERIOD
91.67% OF YEAR COMP.
YEAR TO DATE % OF BUDGET
ACTUAL BUDGET BALANCE
Personal Services
910-4-6100-4101 Regular Pay
910-4-6100-4104 PERA
910-4-6100-4105 FICA
910-4-6100-4107 Medicare
910-4-6100-4108 Insurance
910-4-6100-4109 Workers Comp
TOTAL Personal Services
Supplies
910-4-6100-4201 Office Supplies
TOTAL Supplies
Other Services & Charges
910-4-6100-4304 Legal Fees
910-4-6100-4319 Other Professional Services
910-4-6100-4322 Postage
910-4-6100-4331 Travel, Conferences & Schools
910-4-6100-4359 Publishing
910-4-6100-4361 Insurance
910-4-6100-4389 Utilities
910-4-6100-4401 Bldg Repair/Maint Services
910-4-6100-4433 Dues & Subscriptions
910-4-6100-4437 Taxes & Licenses
910-4-6100-4440 Miscellaneous
TOTAL Other Services & Charges
Debt Service
910-4-6100-4601 Principal
910-4-6100-4611 Interest
TOTAL Debt Service
Transfers Out
910-4-6100-4720 Transfers
910-4-6100-4721 Transfer-General Fund
910-4-6100-4735 Transfer-EDA
TOTAL Transfers Out
54,900. 00 0.00 30,264.01 55. 13 24,635.99
3,550. 00 0.00 2,007.50 56. 55 1,542.50
3,400. 00 0.00 1,920.62 56. 49 1,479.38
800. 00 0.00 449.17 56. 15 350.83
5,750. 00 0.00 3,873.98 67. 37 1,876.02
150. 00 0.00 160.40 106. 93 ( 10.40)
68,550. 00 0.00 38,675.68 56. 42 29,874.32
0. 00 0.00 13.40 0. 00 ( 13.40)
0. 00 0.00 13.40 0. 00 ( 13.40)
10,000. 00 0.00 0.00 0 .00 10,000.00
55,000. 00 0.00 0.00 0 .00 55,000.00
500. 00 0.00 14.46 2 .89 485.54
0. 00 0.00 35.00 0 .00 ( 35.00)
16,000. 00 0.00 370.09 2 .31 15,629.91
3,050. 00 0.00 1,511.50 49 .56 1,538.50
1,200. 00 0.00 2,073.27 172 .77 ( 873.27)
0. 00 0.00 679.06 0 .00 ( 679.06)
400. 00 0.00 0.00 0 .00 400.00
0. 00 0.00 90.00 0 .00 ( 90.00)
0. 00 0.00 123.56 0 .00 ( 123.56)
86,150. 00 0.00 4,896.94 5 .68 81,253.06
91,900 .00 0.00 91,924.69 100 .03 ( 24.69)
26,250 .00 0.00 26,243.67 99 .98 6.33
118,150 .00 0.00 118,168.36 100 .02 ( 18.36)
86,600.00 0.00 0. 00 0.00 86,600.00
9,500.00 0.00 9,500. 00 100.00 0.00
3,500.00 0.00 3,500. 00 100.00 0.00
99,600.00 0.00 13,000. 00 13.05 86,600.00
TOTAL Housing & Redevelopment
372,450.00 0.00 174,754.38 46.92 197,695.62
TOTAL Economic Development
372,450.00 0.00 174,754.38 46.92 197,695.62
~ TOTAL EXPENDITURES
REVENUES OVER/(UNDER) EXPENDITURES
372,450. 00 0.00 174,754. 38 46.92 197,695. 62
0. 00 1,407.22 22,849. 60 ( 22,849. 60)