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4646 Dakota Street SE
Prior Lake, MN 55372
ECONOMIC DEVELOPMENT AUTHORITY AGENDA REPORT
MEETING DATE: April 17, 2017
AGENDA #: 4A
PREPARED BY: Casey McCabe, Community Development Specialist
AGENDA ITEM: EDA REVENUE & EXPENDITURE REPORT (3/31/17)
DISCUSSION: Introduction
The purpose of this Consent agenda item is to review the 2017 Revenue & Expendi-
ture Report for the EDA through March 31, 2017.
History
The EDA Commissioners requested monthly financial reports at each meeting. This
allows the EDA to view revenues and expenditures on a more frequent basis; quar-
terly reports were provided in the past.
Current Circumstances
Very few expenditures have occurred during the first two months of the year, includ-
ing legal ($320), training ($140), and memberships ($500). Revenues are minimal
until the tax levy is received by the City twice per year.
Conclusion
EDA members receive monthly financial reports of revenues and expenditures.
ISSUES: This document provides a summary of activities associated with costs as budgeted
by the EDA on a monthly basis.
FINANCIAL
IMPACT:
More frequent (monthly) reporting.
ALTERNATIVES: 1. Motion and a second, under the Consent Agenda, to accept the EDA 2017 Rev-
enue & Expenditure Report through March 31, 2017.
2. Motion and second to remove this item from the consent agenda for additional
discussion.
RECOMMENDED
MOTION:
Alternative #1
ATTACHMENTS: EDA 2017 Revenue & Expenditure Report (3/31/17)