EDA Agenda 10-29-1991AGENDA
MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY
Tuesday, October 29, 1991 - 7:00 PM
City Nall
MEMBERS: Chairperson Ron Hoglund, Barb Schwientek, Bob Mosford,
Brad Fyle, Clint Herbst, Harvey Kendall, and Al Larson.
STAFF: Rick Wolfsteller, Jeff O'Neill, and 011ie Koropchak.
1. CALL TO ORDER.
2. CONSIDERATION TO APPROVE THE JULY 23, 1991 EDA MINUTES.
3. CONSIDERATION OF TO DISCUSS THE MAY 13, 1991 COUNCIL MINUTES.
a) GMEF GUIDELINES.
b) UDAG REPAYMENT INCOME APPROPRIATION
4. CONSIDERATION TO REVIEW LEGAL OPINION ON THE USE OF THE UDAG
REPAYMENT INCOME.
S. CONSIDERATION OF AN UPDATE ON THE AROPLAX CORPORATION PROJECT.
6. CONSIDERATION TO REVIEW THE GMEF REVENUE AND EXPENDITURE
ACCOUNTS.
7. OTHER BUSINESS.
B. ADJOURNMENT.
61
i
MINUTES
MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY
Tuesday, July 23, 1991 - 7:OOPM
City Hall
MEMBERS PRESENT: Chairperson Ron Hoglund, Barb Schwientek, Bob
Mosford, Clint Herbst, Harvey Kendall, and Al
Larson.
MEMBERS ABSENT: Brad Fyle.
STAFF PRESENT: 011ie Koropchak.
STAFF ABSENT: Rick Wolfsteller and Jeff O'Neill.
1. CALL TO ORDER.
Chairperson Ron Hoglund called the EDA meeting to order at
7:02 PM.
2. CONSIDERATION TO APPROVE THE APRIL 23, 1991 AND JUNE 26, 1991
EDA MINUTES.
Harvey Kendall made a motion to approve the April 23 and June
26, 1991 EDA minutes. Seconded by Barb Schwientok and without
additions or corrections, the minutes wore approved as
written.
3. CONSIDERATION TO REVIEW CITY COUNCIL ACTIONS ON EDA REOUESTS.
a) Aroplax Corporation GMEF Loan No. 003 - Koropchak
reported that at the July 8 City Council mooting, the
Council members roviewod the EDA approved GMEF Loan No.
003 for Aropiax Corporation. The council took no action
as they found the loan to be consistent with the GMEF
guidelines. Koropchak reported that the company is still
shopping for bank committmont with threo banks expressing
strong interest, one of which, is a local lending
institution.
b) Annual Activity and Financial Reports - Koropchak
reported that at the May 13 Council mooting, members
reviewed the reports and approved a motion acknowledging
the rocolpt and acceptance of tho annual GMEF roport.
C) GMEF Guidolinos and EDA Bylaws - Koropchak reported that
at the May 13 Council mooting, the Council approved a
motion amending the GMEF Guidelines and the EDA Bylaws as
recommended by the EDA. Ono job is oquivalont of 37.5
hours par weak, minimum foe of $200 but not to exceed
1.58 of total loan project, the City Attorney shall
review and/or prepare all contracts, legal documents, and
intercreditor agreements, and the EDA meeting time set at
7:OOPM.
d) UDAG Repayment Income Committment - Koropchak reported
that at the May 13 Council meeting, the Council approved
a motion authorizing a $90,000 commitment (only) of the
UDAG repayment income to the GMEF. The request by the
EDA was for an immediate appropriation commitment of
$90,000 with an annual appropriation commitment
thereafter of $27,000 over the next eight years.
e) Annual Appropriation of $200,000 GMEF Commitment -
Koropchak reported that at the May 13 Council meeting,
the Council approved a motion authorizing an additional
appropriation commitment of $48,000 from the Liquor Fund
thereby meeting the FDA's goal of a $200,000 annual GMEF
appropriation.
With the approval of the $30,000 GMEF for Aroplax Corporation,
with Council's approval of a $90,000 UDAG appropriation
commitment (only), with lending institutions greater
reluctance to approve commercial loans, and with the unknown
of 1992 GMEF Loan request; Barb Schwientek made a motion that
the EDA ask Mr. Wolfsteller to appropriate $100,000 for the
GMEF in the 1992 City Budget. The motion was seconded by Al
Larson and without further discussion the motion passed
unanimously.
4. CONSIDERATION TO HEAR AND REVIEW GUIDELINE COMPATIBILITY AND
LEGAL ACCOUNTABILITY OF THE UDAG AND GMEF FUNDS.
The EDA reviewed Mr. Weingardon's letter in reference to the
GMEF Guidelines and noted the necessity of an adequate notice
for holding meetings open to the public in accordance with
Minnesota Statutes. Also, the EDA noted all GMEF applicants
have a right to be present throughout the meeting.
In reference to the GMEF Guidelines, Definition of Public
Purpose, Paragraph 3, Mr. Woingardon suggests that paragraph
3 be re-writton as it currently appears to be anti-competitive
in nature. Suggestion as follows:
"To assist now or existing industrial or commercial
businesses to improve or expand their operations.
Consideration for loans shall take into account factors
Including, but not limited to, the nature and extent of
the business, the product or service involved, the
present availability of the product or service within the
City of Monticello, the compatibility of the proposed
business as it relates to the comprehensive plan and
I� existing zoning policies, and the potential for adverse
y,. environmental effects of the business, if any."
Bob Mosford made a motion for the EDA to amend the GMEF
Guidelines, Definition of Public Purpose, Paragraph 3, to read
as stated above and as written by Mr. Weingarden with
recommendation for the City Council to review and amend
accordingly. The motion was seconded by Al Larson and without
further discussion the motion passed unanimously. The motion
was passed because the EDA felt that Mr. Weingarden would be
in a better position to defend or represent the EDA or the
City if the necessity ever arose.
The EDA reviewed the letter from Mr. Weingarden in reference
to the use of the UDAG Funds. No action was taken.
5. CONSIDERATION OF AN UPDATE ON THE TWO GMEF LOANS..
Roropchak provided the EDA with a summary of the meeting held
between the Wright County State Bank, Tapper's Inc. and
herself. Lance summarized Tapper's first year of business in
Monticello as slow and tough due the economy, their move, and
their monthly lease payment of $3,000 for existing property in
St. Michael which ended June 1, 1991. All loan payments for
both Tapper's and Muller's are current.
6. OTHER BUSINESS.
None.
\I 7. ADJOURNMENT.
The EDA meeting adjourned at 8:00 PM.
011ie Roropchak, EDA Executive Director
N
Council Minutes - 5/13/91
After discussion, a motion was made by Shirley Anderson and
seconded by Clint Herbst to adopt a resolution calling for a
public hearing date of June 10, 1991, for the modification of
the Redevelopment Project Pian and existing TIF district plans
and establishment of a TIF District No. 1-12 and plan. Motion
carried unanimously. SEE RESOLUTION 91-11.
16. Consideration to receive and accent the Annual Greater
Monticello Enterprise Fund Report.
Council reviewed the status of the Greater Monticello
Enterprise Fund.
After discussion, a motion was made by Brad Fyle and seconded
by Clint Herbst to acknowledge the receipt and accept the
Annual Greater Monticello Enterprise Fund Report. Motion
carried unanimously.
D7Considerationto amend the Greater Monticello Enterprise Fund
(GMEF) Guidelines and Economic Development Authority (EDA)
Bylaws.
Economic Development Director, 011ie Xoropchak, reviewed the
proposed changes to the GMEF Guidelines and EDA Bylaws as
proposed by the Economic Development Authority.
After discussion, a motion was made by Clint Herbst and
seconded by Brad Fyle to amend the fund guidelines by noting
that 1) one job is equivalent to 37.9 hours per week;
2) establish a minimum fee of $200 but not to exceed 1.55 of
total loan project; 3) include a requirement that prior to
issuance of an approved loan, the City shall review and/or
approve all contracts, legal documents, and intercreditor
assignments; and 4) amend the meeting time for the Economic
Development Authority to 7:00 p.m. Motion to include request
that the EDA give consideration to preparing an amendment that
would allow the City Council to conduct a preliminary revs
of loan applications prior to final approval by the EDAJ.
Motion carried unanimously.
18 Consideration of dedicatinq Urban Development Action Grant
funds to the Greater Monticello Enterprise Fund.
011io Xoropchak reported that the City annually receives funds
from the Urban Development Action Grant program in the amount
of $27,971. The City will be receiving an annual payment in
this amount through December 1999. It is proposed by the EDA
that these funds be committed to future capital needs of the
Greater Monticello Enterprise Fund. Xoropchak noted that the
UDAG program requires that such funds be used for economic
Pago 8 �'Ia
8l -
Council Minutes - 5/13/91
development purposes and that committing UDAG funds to the
GMEF program is a use of UDAG funds that is common in other
cities.
After discussion, ation was made by Clint Herbst and 6 go.aa�
seconded by Brad Fyle�to authorize the commitment of UDAG
repayment income to the Greater Monticello Enterprise Fund. Tei 1,
Motion carried unanimously.
$335, 6L�
19. Consideration to authorize a commitment to maintaining a
beginninq balance of $200,000 for the Greater Monticello
Enterprise Fund.
011ie Koropchak reported that the Economic Development
Authority requests that Council maintain an annual beginning
balance of $200,000 for the GMEF program. By establishing a
commitment of $200,000 as the beginning balance annually, the
Economic Development Authority would have funds available to
make the program workable. Currently, there is no commitment
to maintaining a minimum balance or loan commitment level,
which limits the flexibility of the GMEF program. It was
suggested by Koropchak that the minimum balance of $200,000
could be achieved by appropriating the remaining balance of
the original $200,000 commitment, which is $62,000, plus the
appropriation of UDAG funding available at $90,000, plus an
additional appropriation of $48,000 from the liquor fund.
Koropchak reminded Council that the proposal does not require
that the funds be transferred to the EDA, it only provides a
commitment that those funds would be available in the event
that they are needed.
After discussion, a motion was made by Dan Blonigen and
seconded by Clint Herbst to approve an additional
appropriation from the liquor fund of $48,000 and authorize a
commitmonf to provide a beginning balance of $200,000. Motion
carried unanimously.
20. Consideration of renting or demolition of the recently -
acquired house adjacent to City Hall.
This item was tabled for further review by Council members.
it was suggested that each Council member visit the property
prior to further action on this matter.
21. Consideration of approval of plans and specifications for 1991
sealcoat project and authorization to advertise for bids.
A motion was made by Shirley Andorson and seconded by Dan
Blonigen to approve the specifications as drafted with the now
project scheduled and authorize advertisement for bids with an
anticipated cost of $4,500. Motion carried unanimously. a^^?✓
Page 9
GREATER MONTICELLO ENTERPRISE FUND
APPROPRIATIONS AND LOANS
Appropriations
1989 Liquor Fund Appropriation
1991 Liquor Fund Appropriation
Subtotal Liquor Fund Appropriation
1991 UDAG Fund Appropriation
Subtotal UDAG Fund Appropriation
TOTAL APPROPRIATIONS
Loans
1990
Tapper's Loan
1990
Mueller Loan
1991
Aroplax Loan
TOTAL LOANS
$200,000
4s 8,000
$248,000
9; 0,000
$ 90,000
S 88,000
$ 50,000
$ 30,000
GMEF APPROPRIATION BALANCE, October 23, 1991
• Request for 1992 Appropriations
0
$338,000
$168,000
$170,000
$100,000
250 East Broadway
P. O. Box 1147
Monticello, MN
55362.9245
Phone. (612) 295.2711
Metro: (612) 333.5739
Fax: (612) 295.4404
H
October 23, 1991
Mr. Paul Weingarden
Olson, Usset, Agan 6 Weingarden
Suite 590
6600 France Avenue South
Minneapolis, MN 55435
Dear Mr. Weingarden:
In reference to your letter of July 22, 1991, Ro: Use of
UDAG Funds. "If there already is a closeout agreement
which does not mention the use of these funds, I will
alter my opinion accordingly."
On July 23, 1991, I Supplied you with a copy of the Grant
Closeout Status Report and Financial Status Report, Grant
Closeout Aeroemont, Certificate of Project Completion,
and an Annual Post Grant Closeout Report. The EDA Ia
quarterly meeting to Tuesday, October 29, 1991, and I
await your altered opinion of the use of the UDAG
repayment income for their agenda. The EDA originally
requested the City Attorney verify the UDAG and GMEF
Guidelines for compatibility and legal accountability of
funds.
The EDA and City Council both amended the GMEF
Guidelines, Definition of Public Purpose, Paragraph 3, at
their respective meetings, July 23, 1991, and August 12,
1991.
Also, on August 23, 1991, 1 supplied you with information
in reference to your letter of August 14, 1991, Rot
Monticello 11RAlShingoboo Builders Development Agreement.
Mr. Weingarden
October 23, 1991
Page 2
I haven't received a copy of the corrected development agreement.
Please advise.
I look forward to hearing from you.
Respectfully,
CITY OF MONTICELLO(�
011ie Aoropchak
Economic Development Director
cc: Rick Wolfsteller, City Administrator
Filo
L
U
250 East Broadway
P. O. Box 1147
Monticello, 1\4N
55362.9245
Phone: (612) 295.2711
b:etro: (612).333.5739
Fax: (612) 295.4404
October 24, 1991
4tavm
t;e."th M-
tatoc;,,c,p
0. C—0
Mr. Alan Joles
Dan Otontgm
Community Planning and Development Division
Shrrtey Andmon
Dept. of Housing and Urban Development
Drad ile
220 South Second Street
Clint Herbst
Minneapolis, MN 55401
'Wm ""w,
Ria Woffirdle,
Re: UDAG Grant No. 8 -83 -AB -27-0103
A,amam .1 D—k4 ,
Recipient: City of Monticello
Jeff O'Neill
Closeout Agreement: Secretary of HUD, 9-18-85
PVicW,,
Mayor of Monticello, 9-26-85
John Sita
Budd.,ork,i
Dear Mr. Jolos:
Gary AnJem.
rso—o,KImn—.
In reference to the above grant, does the City of
aue Korvtc5a1.
Monticello have any further requirements as to the use
of the miscellaneous revenue?
If you have any questions, please call me at METRO
333-5739 or (612) 295-2711. Please advise, and I
thank you for your response.
Respectfully,
CITY OF MONTICELLO
011ie Koropchak
Economic Developmont Director
cc: Rick Wolfstollor, City Administrator
Filo ✓
41. ,.�
BPC
P:NANCIAL
SYSTEM
10/29/91
10:02:38
BAIAOC6
sheat
CITY
OF MONT:CELLO
66P
70, 1991
GLS70P-V06.00
PAGE
I
----FUND----
250 ECONOMIC DEVELOPMENT AUTM PD
ACCOUNT
BEGINNING
ACTUAL-THIS
ACTUAL-THIS
ENO ING
----------------------------
BALANCE
MONTH
YEAR
BALANC!
ASSETS
CURRENT ASSETS:
250.10101
CASH
2,277.06
1,1]1.29
9,730.39
12,001.1]
250.13103
OUB FROM LIQUOR FUND IGMBFI
0.00
110,000.00
110,000.00
1!0.000.
00
2!0.13106
DVB /ROM VDAG PUNA (GMBFI
0.00
90.000.00
90,000.00
90.000.00
350.16101
LONG TERM REC-TAPPERS
81,260.91
262.19[0.
1,121.
68CR
15.177.79
750.11102
LONG TEAM R9C-TMEAT6R
19,019.6]
90.12[9
101.
6f CR19,21!.
11
TOTAL NRACNT ASSETS:
179,957.66
200,801.29
207,596.26
717,0!1.90
TOTAL ASSETS:
179,157.66
200,691.29
207,590.26
311,0!5.90
LIABILITIES
-----------------------------
AND SUN D BALANCE
FUND BALANCE:
710.21201
RBS ►OR LOANO RECIIVARLE
177,190,60CR
0.00
0.00
I17,110.60[P
7!0.2!120
UNRESBRVRD/UNDBSIONATED FB
1]1,100.60
200,000.
DOCK
200,000.00CP
7!0.29101
RKVBNUB CONT RD"
111.697,79CR
901.29[9
1,676.76CP
:2,119.60CP
719 ,!3!.
65CP
750.71601
BEPENOI TURK CONTROL
7,239.15
20.00
760.00
2.179.15
TOTAL ►UND RALANC81
139,157.66CR
700,661.79[9
207,596.26CP
747,055.90CP
TOTAL LIADILITIEB AND PUMO BALANCE:
139,65/.66CR
200,611.29CP
207,599.2609
767,055.90CP
TOTAL PUNDI
0.00
0.00
0.00
0.00
BRC FINANCIAL
SYSTEM
C-'0 OF MOAGE L0
10/29/91 9:5]:00
R9VP0ue
Ootell
GU 1011
GL125 R-V06 .OB PACE
FOR THE
PERI00181
1 1 T
JAN 01. 1991 THROUGH 0EP 70,
1991
ACT MTD POSTED ACT
YTD POSTED
REMAINING
___________________________________
APPROVED FINAL
______________ ______________
BUDGET AND IN PROCE BE ANO
BALANCE PCC
SOURCE-JE-ID
_•____.....
VENDOR /CUSTOMER/EEPLANAT ION REF/REC/CHR__
______ ________________________ ______ ____________
______________ ____________
THUS ICE PROJECT
............... ..............
_IN _
AMOUNT
_BALANCE
___________ ______________
DESCRIPTION..WE
----------- .......
250 ECONOMIC
DEVELOPMENT Am FD
)
76210 INTEREST EARNINGS 10, 0!0.00
10,0!0.00 0.00
!79.27
10,21!.7] !
]-011l9l-]09
MUELLER/TAPPER PAYMENTS
900111
!81.62
TAPPED LOAN PAYMENT NCB.
J-021191-]/6
/E0 TAPPER/MUELLER PAYMT
910211
f00,f9
TAPPER IRAN PAYMT/MCSH
J-0]1191-972
MARCH MUELLER /TAP IEP PMT
910711
519.16
TAPPER LOAN PYMT/YC8B
J-091191.917
MUCLLCP/TAPIBA ARPIL PAY
910911
578.51
TAPPER LDAN PAYMF.RTC/NCSB
J-051591-501
MAY MUE LL6R/TAP18I PAYMT
910!1!
511,96
TAPPER LOAN PAY MT/NC 88
J-061191-527
SUNS TAPPLP PA YM[NT
910610
516.97
TAPPLP LOAN PYMT/N[9B
J-011191•!61
GEN JULV TAPP a R/MUELLER
910711
57!.79
TAPPER LOAN PAYM BNT
J-081191-583
AUG MUELLER/TAPPER PAYMT
910011
519.27
TAPPER LOAN PAYMENT
J-001591-590
CHANGE TAPPER INTEREST
910815
9,099.99-
CHANGE TO 250.16212
36211 IMTSREOT EARNINGS-THEATER
0.00
0.00 728.10
2,691.]1
7.66[.11- 999----•---•-1111
J-011191-109
MUELLER/TAPPER PAYMENTS
900111
112.30
MUE LLCP LOAN PAYM[NT
J-021191.786
►SB TAPPER/MUELLER PAYNT
910211
1]1.62
MUELLER LOAN PYMT/MCPS
J-091191-977
MUELLER/TAPPER ARPIL PAT
910611
]71.05
MUELLER LOAN PAYMT/UCSB
J-091191-911
MUELLER/TAPISR AR►IL ►AY
910611
170.91
MUELLER LOAN PMT/NCSB
J-051591-507
MAT HU 8 LL8R/TAPPER PAINT
910511
129.60
MUELLER LOAN PAYMT/YC8B
1.071191-l61
GEN JULY TAPPER/NUELLER
910711
739.29
MUELLER LOIN PAY EIC NT
J-001191-!0]
AUG MUELLER/TAPPER PAYMT
91DB 11
120.70
MUELLER LOAN PAVM6NIT
J-091591-625
GEN SEPT TAPPER/MUBLLBR
91001!
]20.10
MEULLBP/NCSB LOAN PYMT
76212 INTEREST SARNIMGS-TAPPERS
0.00
0.00 571.19
9,672.68
9,623.60- 999---•---••-1111
J-001591-590
CIUINCI TAPPER INTRIEBT
91001!
9,099.99
CHANGE FROM ]b 310
1.091591-625
GEN Be vT TAPPER
910915
517.19
TAPPLP/NCSB LOAN PYMT
TOTALI ECONOMIC DEVELOPMENT Am PD 10,850.00
10.050.00 901.29
1,078.26
1,011.19 /2-------
BRC FINANCIAL BYSTCM
CITY OF MONIICELLO
10/21/91 10:00:!1
Exp.
G.101.1 -rills 13..11
GL525R-V01.08 PRGE 1
FOR THE
PER 300101
JAN 01. 1991 THROUGH SEP 70,
1991
ACT MTD POSTED ACT
YTD POSTED
RE MA 111MG
ANAL BUDGET
ENCUMBERED AND IN PROCESS AND
IN PROCESS
BALANCE PCT
___ ..___._.....__
_-_ ---------- -----------
SOURCE -JE -ID VENDOR/CJSTOMER/EXPLANATION
------------ ------
_---------- --._---------- __-
REP/REC/CNK
------------------------ ---------------------
.... _---________-_ ___________
INVOICE P.O. [ 9
------ - - ..............
AMOUNT
__..__.-__._..
DESCRIPTION OJC
___-_--_.-_________--___ i
250 ECONOMIC
DEVELOPMENT AUTH [D
16501 ECONOMIC
DEVELOPMENT
3199 RISC PEOR BBIORAL 89RVICBB
1, !00.00
0.00 0.00
0.00
1.!00.00 0
1197 IMM 6iRVICINO Its
0.00
0.00 30.00
310.00
210.00- 999 ---------- lift
J -011191-7X1
MU[LL6R/TAPPER PA9NENTa
900111
20.00
TAPPER LOAN SERVICE [EL
J-011191-781
MUELLER/TAPPEP PAYMENTS
900111
20.00
MUELLER LOAN 9ERVICB ILC
J-021191-786
[EB TAPPEP/MUELLER PA TRY
910311
20.00
TAPRL9 LOAN SERVICE 1E6
J -021191-7X6
1EB TAPPEP/MUELLER PAYMT
910211
20.00
MUELLER LOAN B6 RVICE I68
"-071191-172
MAR CII MUELLER/TAPPER PMT
910711
20.00
TAPPER LOAN B9RVIC6 FEB
J-011191-177
NUELLLR/TAPPER ARPIL PAY
910111
30.00
TAPPEP LOAN SERVICE IEE
1-011191-177
MUELLER/TAPPER APRIL PAY
910111
20.00
MUSLEEP LOAN SERVICE f66
J-011191-177
MU6 LLE:/TAPPtR ARPIL PAY
910111
10.00
RUE LL9: LOAN 88RV1 C6 IEE
J-0!1!91-107
MAY KU e LLE R/TAPPEP PAYMT
910515
10.00
MUELLER LOAN Si:VICb ►E9
J-051591•507
MAY MUELLER/TAPPER PAYMT
910]1]
10.00
TAPP6: LOAN SEPV[[C IEE
J-061191-527
JVNB TAPPER PAYMENT
910610
10.00
TAPPtR LOAN 6ERVIC6 386
"•071191.561
GEN JULY TAPPER/MUELLER
910711
10.00
TAPPER LOAN SEP VI C9 IEE
"•071191-561
GEN JULY TAPPER/MUELLER910711
10.00
NUELL:1 LOAN "MCI ►E6
J-OB1291-567
AUG MUELLER/TAPPER PAT MY
910811
10.00
TAPPELOAN SERVICE /6i
J-061191-581
AUO MUELLER/TA PREP PAYMT
910611
10.00
XU&LLgR LOAN BIRVICi ►9E
J-091591-625
OEM 66 PT TAPPER/MUELLER
910915
10.00
TAP Pio IRAN SEP VICE IEE
J-091591-625
GEN ARPT TAPPER/MU6LLEN
910915
10.00
MUELLER LOAN BE:ViCX IEi
1799 MI9C OTHER EXPENSE
750.00
0.00 0.00
0.00
1!0.00 0
TOTAL: ECONOMIC
OSVLLOPMENT
3.350.00
0.00 30.00
310.00
7.010.00 10 -
TOTAL: ECONOMIC
O9VSLOPMENT AUTM 10
.,250.00
0.00 20.00
210.00
31010.00 IO -
BRC FINANCIAL SYSTEM
10/2:/91 10:0]:79
ECONOMSC DEVELOPMENT AOTH FD'
170.76210
INTEREST EARNINGS
270,76211
IRTER98T EARNINGS -TREATER
270.76212
INTER95T BARN NGS -TAPPERS
270.79207
TRANSFER ►ROM OTHER RINGS
ECONOMIC DBVELOPMLNT AVTH FD
TOTAL
J
CITY OP MOM ICLLLO
Revenue Bu00et MC[61Dee1 GL7AIR-V0/.08 PAGE B
------------------ ;:-ACTUAL DOLLARS_•- ------------- ----- ____-____------__---B U. TS-------------------
12-]1-1908 12.71-1989 12-]1.1990 09-70-1991 FINAL BUDGET 1992 REO U EST
____•________... 1..31-1989
_____•--"--- _____••_•----- ___________.__ -------------- ----.____..----
0.00 0.00 2,9:1.]2 771.27 10.170.00 600.00 ------------•
0.00 0.00 1f6.01 2,6:1.71 0.00 7,067.00 --------------
0
.00 0.00 0.00 9, 622.6d 0.00 6,]70.00 •------------•
0.00 0.00 11:,000.00 0.00 0.00 •------------• •---------
0.00 0.00 191.691.79 7,e7e.26 10,070.00 11.217.00 0.00
Fi
BRC FINANCIAL SYSTEM
CITY
OF nPE L13
10/29/91 10:05:17
Expenditure
Budget N0[keDset
GL741P•V09.08
PACE 1l
ECONOMIC DEVELOPMENT AUTN FO
_____________________ACTUAL
DOLLARS
-------------
.-------
--------------------
BU SYS -------------------
12-31_I9 BB
12-31-1959
____'---"-
12-31-1990
.......... _•__•-
09-30-1991
.......
FINAL BUDGET
..... _...... ••
1992 REQUEST
___.......... ...............
ECONOMIC DEVELOPMENT
250.16!01. ]399
MISC PRQFEBBIONAL SERVICES
0.00
0.00
1,621.01
0.00
1.500.00
1,500.00 •-------------
250.96501.9391
LOAN SERVICING FEE
0.00
0.00
190.00
290.00
0.00
360.00 •------------•
250.9fi !01.9799
M ISC OTHER BIPENE.
0.00
0.00
0.00
0.00
750.00
500.00 •-------------
250.96501.6202
INT BEP - F17ND DEFICITO
0.00
0.00
275.79
0.00
0.00
•---------••-• •------------•
ECONOMIC DEVELOPMENT
TOTAL
0.00
0.00
2.239.75
290.00
2,250.00
2,360.00
0.00
DEBT SIR ICE
'
250.97001.6202
INT EIP- FUND DEFICITS
0.00
0.00
0.00
0.00
0.00
•------------• •-------------
DBOT SERVICE
TOTAL
0.00
0.000.00
0.00
0.00
0.00
ECONOMIC DEVILOPNI7R AU'I97 FO
TOTAL
0.00
0.00
290.00
2,250.00
2.360.00
0.00
BRC FINANCIAL SYSTEM
10/21/91 10:23:15
----FUND---- 202 UDAG FUND
ACCOUNT
............................
ASSETS
CURRENT ASSETS:
203.10101 CASH
202.10101 INVESTMENTS
202. 1BI01 LONG TERM RECEIVABLES
TOTAL CURRENT ASSSTB:
TOTAL ABBETB:
LIABILITI18 AND FUND BALANCE
CURRENT LIAOILITI15i
202.20107 DUE TO EDA FUND 1GMIF1
TOTAL CURRENT LIABILITIEBi
TOTAL LIABILITIIB:
►UNO 6A4ANCI1
202.29201 p1. FOR LOAN. RECEIVABL9
202,35720 UNR9BIRVED/UMDIS IGNATED
202.79101 REVIM111 CONTROL
TOTAL FUND ALANCE.
TOTAL LIABILITIB. AND FUND DALANCI:
TOTAL FUND.
CITY OP MONTICELLO
11111- SB99L GL570R-V09.08 PAGE I
SEP 70. 1991
BEGINNING ACTUAL -THIO ACTUAL-TH15 ENDING
BALANCE MONTH YEAR BALANCE
_____••____••__--"'----------...............
-"........... ............... )
1,990.76
2,)70.95
20,9]8.55
22.961.91
91,0]0.01
0.00
0.00
91. 0.0.01
199.13
so
1,511.99GR
17, 77B.2/CR
105..99.53
292,150.70
7,3{0.27
299.391.11
293,158.20
770.96
7,290.27
299,390.91
0.00
90,OOO.00CR
90,000,00CR
90. OOO,OOCP
0.00
90,000.00CR
90,000.00[p
90, 000.00CR
0.00
9O,000.00CO
10,000,OOCP
90, O00,OOCP
198,162,9.CP
0.00
0.00
191, 112.IICP
77, 577.90
CR
90,000.00
10.000.00
12,922.03
16,117.21CP
170.96210.71CP
27, 611.11CP
293.118.20GR
89,231,09
12,759.77
309, 791.11CP
293,150.20CR
776.96CR
7,290,
21CR
299, 399.17CR
0.00
0.00
0.00
0,00
SRC rl ANCIAL SYSTEM ,,ct" Or ONTCELLO
70/16/91
2 " R.
o/ 4/91 9tsj:oo A-- CW,1.11�;q.lth 00t.11 GL VO4.06 PACE I
FOR rmc PERICO(S j AN 01. I I THROUGH SEP 30, 1991
ACT MTD POSTED ACT YTD POSTED REMAINING
APPROV90FINAL SUOCZT AND IN PROCESS AND IN PROCESS BALANCE PCT
------------------------------------------------- -------------- -------------- -------------- --------------
------- - --- --------
SOURCE -JE -ID VENDOR ICUSTOME M /ZX PLANAT: ON REr/REC/CHK rNvoics PROJECT MOUNT DESCRIPTION 0.11
------------
------ ------------------------ ------ -------------- --------------- -------------- ................. ......
202 UDAG FUND
36210 XWMUBT SAAM11033 13,925.00 13,925.00 778.96 1,110:.Il 6.D.1.13 51 -----
J:* 11591
BY PECStPTS I 123.49-
_ .""T C
AD 01 1 3 9 SIFT 13996
. ' 1 6:
J 72 AD UBT RECEIPTS "011s ADUST RECEIPT 3
R-01]191.361
013191.3bI
rU TILLM MY SYSTEMS 013966 90-D
SPOS:T 12
UDAO PA
T IN?
-022991-309 rLrILLMINT GYaTIMS 11:01D:10:IT 11 6.3.11 AD PAY KNT
R:0319 1:426 uLrILLMINT BY TEND INC ,06, .,0 �T 44 :17.20 UONO PAYMENT
P-041991-669
U,r ILLM ENT aYOTt"S 024156 DEPOSIT 68 10.9*VDAGPAYMENT
.-0I209I-419 FRI SYSTEMS 014197 coposly at 604.56 UDAO PAYMINT
A:061991:530 FULFILL" MY:T"rtS* ol:�"-2Po8IT'0' PAYMENT
R-071291-572
,29, 6 11 20 0 PAYMENT
.-o:l.': rULfILLKlNr:Y8TIM011411 DEPOSIT 144105.40UDGPAM
R-02391-61UL'ILL..wr T3B 016574 DEPOSIT 161 178,96 UDAO PAY.IRT
TOTAL: UDAO FUND 13.925.00 131925100 176.96 7,240.27 6,684.13 51
BRC FINANCIAL SYSTEM
CITY OP MONT ICELLO
IO/24/91 10:0]:59
Revenue
Budget YorA9Aeet
CLIAIR-VO4,OB PAGE 1
UDAG FUND
_____________________ACTUAL
DOLLARS-- -------------- .----
12-21-1986
............. _____________
12-21-1909
_____________
12-21-1990 09-20-1991FINAL
BUDGET
1992 REOUE ST
702.]6210
______________
______________
______________ _______________
INTBRBBT .11.i.GB
7,620.00
11,146.00
16,417.26 7,240.27
17,925.00
14,000.00 •------------• i
UDAG FUND
TOTAL 7,620.00
11,146.00
16,417.24 7,240.27
12,925.00
14.000.00 0.00