|
City of New Brighton Recommendations:
<br /> Fund Balance Analysis 1)watch Admin costs to ensure the Fund can pay debt service.
<br /> TIF 5 Printeran-Doratelle 2) Pro-1990 district: No additional funds available for pooling.
<br /> 3)Budget Mod: Not Recommended
<br /> General TIF District Information
<br /> Oripkral I Moderation
<br /> Dmtnct Type Reoe elopmen!
<br /> Project Ares
<br /> C4y approved 724/1984 12/13/'2011
<br /> Cert Request 9/26/1984 N/A
<br /> Certited 12/31/1984 N/A
<br /> Decerutes 12/3112011 12/31/2011
<br /> End of
<br /> Current District
<br /> Cumulative Projected Amid for
<br /> Original Modified Actual In Prior Actual Actual Actual Actual Projected
<br /> Budget Budget Total Years 2007 200e 2009 2010 2011 2012 2013
<br /> Beginning Fund Balance 0 238,304 160,720 82,316 53,567 (83,305) (0) (0)
<br /> Revenues
<br /> Tax increment 2,136,000 4,128,000 3,759,070 3,101,368 119,392 118,461 145,340 140,318 134,191
<br /> Tax Court Petitions (54,693) 0 (58,442) 3,749
<br /> MVHC 0 0 0 0 0 0 0 0 0
<br /> Inveebnent Earnings 0 1,500,000 1,323,768 1,309,393 11,988 4,465 (463) (782) (833)
<br /> Bond Proceeds 475,000 0 2E19,012 289,012
<br /> SalesfLeam Proceeds 50,000 300,000 272,564 272,564
<br /> Other 0 0 0 0
<br /> Tra rider In 0 0 94,800 94,800
<br /> Total Revenues 2,661,000 5,928.000 5,684,521 5,067,137 131,330 122.926 144,877 81,094 137,107 0 0
<br /> Expenditures
<br /> Landlbuilding acquisition 471.200 415,000 301,575 301.575
<br /> Sile Improvements 0 35,000 0 0
<br /> Public utilities 0 20,000 0 0
<br /> Other Qualifying Improvements 0 4,201,200 0 0 Only 2001C Deli Payment
<br /> Bond 11F 8 Pays 2001C
<br /> Principal 0 0 1,118,195 745,461' 54,632 113,961 113,941 90,200 0 0 0
<br /> Interest 0 428,400 173,855 0 30,341 55,738 48,317 36,753 2,706
<br /> Loan
<br /> Principal 0 0 0 0
<br /> Inteneat 0 428,400 1,883 184 1,699
<br /> Admin 647,000 400,000 412,589 217,288 23,911 31,631 4,136 86.226 49,397
<br /> County Admin 0 0 12,019 0 7.232 4.787
<br /> Other.Property Taxes 1,542,800 0 137 137
<br /> Other.Prei4 Other 88,572 88,572
<br /> Other:Printing&Publication 43 43
<br /> Other:Profemional Services 280 280
<br /> Transfer out 0 0 3,575,373 3.475293 100.080
<br /> Total Expenditures 2.661.000 5.928.000 5,684,521 4,828.633 208.964 201,330 173.626 217,966 53,802 0 0
<br /> Projected Ending Fund Balance 0 235,304 160,720 82,316 53,567 (83,305) 10) (01 10)
<br /> Beginning Cash Balance 0 230,838 158,728 80,736 52,001 0 (0) (0)
<br /> Net Rereneus less Expenditures 238,304 (77,564) (78,404) (28 749) (136,872) 83,305 0 0
<br /> Intertund Loan Principal 0 D 0 0 42,475 (42,475) 0 0
<br /> Changes in Balance Sheet (7,466) 5,474 412 14 42,396 (40,830)
<br /> Ending Cash Balance (0) 230,83e 158,728 80,736 52,001 0 (0) (0) (0)
<br /> O
<br /> Management Review&Analysis-Tax Increment Financing Districts February 2012
<br /> New Brighton, Minnesota Page 26
<br />
|