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City of New Brighton Recommendations: <br /> Fund Balance Analysis 1) Increase amount for pooled debt to bring down fund balance. <br /> TIF 6 10th St&1494 Prop 2) Pre-1990 district: Funds can be pooled for other projects. <br /> 3) Budget Mod: Not reoommended <br /> General TIE District Information <br /> Original I Modeieedon <br /> Distnct Type: Redevelopment <br /> Project Area <br /> City approved 4/26/1985 12J13/2005 <br /> Cert Request 6/18/1995 Nrik <br /> Certified 8/14/1985 N/P. <br /> Oecert6es 12/31/2011 12131/2011 <br /> End of <br /> Current District <br /> Cumulative Projected Acetd for <br /> Origins( Modified Actual In Prior Actual Actual Actual Actual Projected <br /> Budget Budget Total Years 2007 2008 2009 2010 2011 2012 2013 <br /> Beginning Fund Balance 0 462,289 665,027 97,028 185,686 392,049 0 0 <br /> Revenues <br /> Tax increment 3,200,000 5,000,000 4,501,243 3,266,073 209,464 229,945 269,996 262,550 263,215 <br /> MVHC 0 0 20,018 13,980 2,003 1,957 2,078 0 0 <br /> Investment Earnings D 500,000 149,929 94,693 28,956 20,513 507 1,338 3,920 <br /> Bond Proceeds 1,600,000 2,700,000 1,507,860 1,507,860 <br /> SaledLeaee Proceeds 0 600,000 713,342 576,112 137,230 <br /> Other: HACA 0 100,000 495 495 <br /> Trander In 0 600,000 1,063,629 1,063,629 <br /> Total Revenues 4.800,000 9.500.000 7,856,516 6,522,642 240.425 252.415 409,811 263.888 267,115 0 0 <br /> Expenditures <br /> Land/building acquisition 1,400,000 2,000,000 1,941,869 1,508,527 0 435.242 <br /> Site Improvements 0 35,000 0 0 <br /> Public utilities 0 20,000 0 0 <br /> Streets&sidewalks 0 5,000 0 0 _ --iincludes 2004A from MP 5 I <br /> Bond 0 <br /> Principe( 0 2,700,000 3,537,579 2,492,400 107,250 219,146 257,938 226,765 234,050 0 0 <br /> Interest 0 1,620,000 182,504 0 28,500 51,440 37,615 36.219 28,730 0 0 <br /> Loan <br /> Principal 0 0 0 0 <br /> Interest 0 1,620,000 529,654 529,654 <br /> Adman 100,000 500,000 375,467 542,414 1,861 3.725 20.314 I 12,7121 <br /> County Admin 0 0 3,254 0 3.254 N. <br /> Other: CBAdeveloper terminal 100,000 100,000 59,999 59,999 <br /> Other: OPUS-developer 0 628 828 I Admin and Transter to NINO <br /> Other: Pre40 other 0 9,378 9,378 /adjusted due to cash flow <br /> Other: Miscellaneous 6 6 <br /> Other: Printing L Publication 7 7 ! <br /> Transfer out 3,200,000 900.000 1,315,971 919.340 76 10,761 2,13f OI 383.6521 <br /> Total Expenditures 4,600,000 9,500,000 7,956.516 6,060,653 137,687 720,414 321,263 57,425 659.164 0 0 <br /> Projected Ending Fund Balance 0 462,289 666,027 97,028 185,6136 392,049 0 0 0 <br /> Beginning Cast,Balance 0 458,666 561,282 94,864 183,600 3139,804 0 0 <br /> Net Reveneus less Expenditures 462,289 102,738 (467,999) 88,558 206,463 (392,049) 0 0 <br /> krterfund Loan Principal 0 0 0 0 0 0 0 0 <br /> Changes in Balance Sheet 1.571 68 2,245 <br /> Ending Cash Balance 0 458,656 561,2,82 94,854 183,500 389,804 0 0 0 <br /> Management Review&Analysis-Tax Increment Financing Districts February 2012 <br /> New Brighton, Minnesota Page 34 <br />