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
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