07-24-2024 EDAM EDA Finance Team Meeting
Hutchinson Enterprise Center
11 :30 AM Tuesday, July 24th, 2024
Members present are in bold.
Economic Development Authority
Financial Summary through June 2024
MEETING MINUTES Operations
Cash Available $253,549
Members (bold = present) Reserved $56,736
Mike McGraw Unreserved $207,121
Jonny Block Economic Development Loan Fund
Mike Cannon Cash Available $233,740
Corey Stearns Zephyr Wind Services $40,194
Chad Czmowski FireLake Mfg. $26,214
Pat May Innovative Foam Balance (12/1/2025) $8,355
Jack Dagget
Jeremy Carter Downtown Revolving Loan Fund
Staff Cash Available $455,088
Loans Receivable $264,926
Miles Seppelt, EDA Director Capital Assets 201 329
Andy Reid, Finance Director Total Assets $1,068,836
MIF Loan Fund
Cash Available $6,358
MOXY Loan Receivable $3,816
Enterprise Center Fund
Cash Available $18,003
SHOPKO TIF District(TIF 4-5)
Cash Available $3,074
Interfund Loans Receivable $434,772
No July Meeting
[lack of quorum]
Respectfully Submitted,
Miles R. Seppelt
Economic Development Director