HomeMy WebLinkAbout4B - Treasurer's report
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TO: Mayor and City Council
FROM: Ralph Teschner, Finance Director
DATE: December 5, 2000
RE: December 1,2000, City of Prior Lake Treasurer's Report
11/1/00 12/1/00
FUNDS BALANCE RECEIPTS DISBURSEMENTS BALANCE
General 2,271,582.69 460,302.56 1,322,883.43 1,409,001.82
Sewer & Water 4,219,824.53 95,091.17 133,868.62 4,181,047.08
Storm Water 149,649.30 3,572.20 6,760.87 146,460.63
Cable Franchise Fund 102,488.41 1,019.10 0.00 103,507.51
Capital Park 847,620.50 16,992.32 88,403.75 776,209.07
Severance Compo 155,014.51 1,541.40 0.00 156,555.91
ED Fed Loan hnd 63,622.30 632.63 0.00 64,254.93
ED MN Loan Fund 10,643.13 641.35 0.00 11,284.48
DAG Special Rev. Fund 230,652.76 50,511.95 13,032.00 268,132.71
Tax Increment Fund 172,688.63 1,717.15 0.00 174,405.78
TIF #1-1 (keyland) 17,193.22 176.93 0.00 . 17,970.15..
TIF #1-2 (becker) 31,551.47 313.19 0.00 31,871.26
TIF #1-3 (amer/metro) 14,787.46 141.04 0.00 14,934.50
TIF #2-4 (commercial) 156,144.33 1,552.64 0.00 151,696.91
TIF #1..;.5 (e.m. products) 23,428.55 232.96 0.00 2-3,661.51
TIF #1-6 (nbc) 41,594.06 413.59 0.00 42,007.65
TIF #2-7 (award print'g) 16,429.59 163.31 0.00 16,592.96
TIF #2-8 (dave hansen) 20,314.32 202.00 0.00 20,516.32
Equipment Fund 617,716.07 6,123.21 1,922.46 621,916.82
Bllllding Fund 66,465.88 660.91 0.00 67,126.19
Construction Fund 1,004,082.81 9,491.25 49,575.16 963,998.90
Trunk Reserve 2,358,703.87 340,307.59 116,607.96 2,582,403.50
CoUeetor Street 1,575,319.08 84,662.08 5,240.56 1,654,740.60
Park Ref. Imp. '97 848,698.95 8,279.77 16,025.63 840,953.09
Debt Service 4,528,641.19 168,255.57 1,456,403.75 3,240,493.01
Agency Fund 388,000.00 15,000.00 21,000.00 376,000.00
Totals 19,933,463.61 1,268,004.53 3,231,124.19 17,963,743.95
INVESTMENT POOL... ..,$17,921,933.00
Investment Ratio... . 99.80%
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 4474230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLO$
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11:23 AM 121510O
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TO:
FROM:
DAm:
RE:
Mayor and City C01U1Cil
Ralph Teschner, Pinance Director
December 5, 2000
December 1,2000, City of Prior Lake BDA Treasurer's Report
11/1/00 12/1/00
FUNDS B~CE RECEIPTS DISBURSEMENTS BALANCE
:A
EDA Special Revenue 28,818.44 122.56 0.00 28,941.00
Totals 28,818.44 122.56 -0:00 - 28,941.00
GRAND TOTAL
$28,9:41.00
FUND DESCRIPTION: These funds are separate and segregated from
all City established funds for the purpose of
accounting only. They are reserved aQd'~ded
at the direction of~ Pd.or Lake Economic
Devel()pment Atqhority for specific economic
development,acdvitr as allowed by MN StatUte.
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16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
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Construction Fund - Construction Fund dollars represent unexpended bond proceeds whIch
are reserved to pay for improvement projects that have been approved by the City Council
on an annual basis. For the most partt these moneys are necessary to complete outstanding
construction contracts and related engineering and professional services.
Park Referendum Fund - Park Referendum Fund dollars represent unexpended bond
proceeds which are reserved to pay for improvement projects that have been authorized by
the City Counc,il and approved by the voters as a result of the referendum election
conducted during 1997. For the most p~ these moneys are necessary to complete
outstanding construction contracts and related engineering and professional services
associated with those identified park improvements.
Trunk Reserve Fund. - The Trunk Reserve Fund consists of dedicated revenue generated
from utility connecticm permits and acreage fees assessed at time of sewer and water
installation for the purpose of recovering trunk oversizing costs and central municipal
system improvements i.e.t wells lift stationst force mainst etc. These dollars are
programmed throughout the course of the cityts capital improvement plan.
Collector Street Fund - The Collector Street Fund consists of dedicated revenue generated
by fees associated with new development and new construction building permits for the
purpose of funding pedestrian related improvements i.e.t bikewayst sidewalkst trail systems
plus right of way acquisition along collector streets and occasional collector street links.
Debt Service Fund - The Debt Service Fund represents prepayments of special assessmentst
property tax collections and special levies needed to amortize the outstanding bonded
- indebtedness of the City. This fund balance is 100% reserved for the payment of bond
principal and interest..
DAG Special Revenue Fund - The DAG Fund is a special revenue fund to account for
project engineering and inspection fees that are collected as a result of a developert s
agreement contract. The fees are paid to the City by the developer when the contract is
executed at the time of final plat approval. These revenues are used to pay for legal
expenses and inspection services on developer installed utilities including sewert water and
street installation for newly approved subdivisions within the City of Prior Lake.
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