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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 7 2050 Hwy 6 2) Pre-1910 district: Funds can be pooled for other projects.
<br /> 3) Budget Mod: Not recommended
<br /> General TIF District Information
<br /> Onginal I Modification
<br /> Distnct Type Redevelopment
<br /> Project Area
<br /> City approved 5/14/1985 12/13/2011
<br /> Cart Request 6/18/1065 WA
<br /> Certified 11/8/1865 WA
<br /> Decerhtes 12/31/2013 12/31/2013
<br /> End of
<br /> Current District
<br /> Cumulative Projected Acctd for
<br /> Original 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 0 164,426 166,219 179,388 200,288 139,732 130,073 149,106
<br /> Revenues
<br /> Tax increment 846,000 3,700,000 3,201,953 2,518,769 82,181 83,015 96,804 93,272 93,502 117,205 117,205
<br /> MVIHC 0 0 0 0
<br /> investment Earnings 200,000 1,000,000 830,159 605,170 8,386 5,817 2,664 3,187 1,397 1,301 2,237
<br /> Bond Proceeds 423,000 0 428,781 428,781
<br /> Sales/Lease Proceeds 0 300,000 253,179 253,179
<br /> Loan/Advace Repayments 0 0 0 0
<br /> Grants 0 0 0 0
<br /> Other 0 0 0 0
<br /> Transfer In 0 0 0 0
<br /> Total Revenues 1,469,000 6,000,000 4,714,072 4,005,899 90,667 88,832 99,468 96,469 94,899 118,606
<br /> Expenditures
<br /> Land/building acquisition 560,000 670,000 593,981 593,961
<br /> Site Improvements 0 30,000 0 0
<br /> Other Qualifying improvements 0 2,865,000 0 0
<br /> Bond 0
<br /> Principal 0 0 1,089,639 605,663 55,412 56,575 57,699 82,150 84,800 87,980 59,360
<br /> Interest 0 532,500 75,928 0 14,765 13,280 11,548 13,121 10,408 7,600 5,206
<br /> Loan
<br /> Principal 0 0 0 0
<br /> Interest 0 532,500 42,466 42,468
<br /> Admin 53,000 370,000 312,351 216,138 9,597 4,808 6,736 61,309 9,350 3,893 520
<br /> County Admin 0 0 3,020 0 2,585 435
<br /> Other: Printing&Publication 10,000 0 795 795
<br /> Transfer out 846,000 0 2,595,889 2-392.428 2C-3,461
<br /> Total Expenditures 1,469,000 6,000,000 4,714,071 3,851,473 79,774 74,663 76,568 157,015 104.558 99,473 268,547
<br /> Projected Ending Fund Balance 0 164,426 166,219 179,388 200,288 139,732 130,073 149,106 0
<br /> Beginning Cash Balance 0 153,316 164,015 178,1105 200,127 139,664 129,995 149,028
<br /> Net Reveneus less Expenditures 154,426 10,793 14,169 20,900 (60,556) (9,659) 19,033 (149,105)
<br /> Interfund Loan Principal 0 0 0 0 0 0 0 0
<br /> Changes in Balance Sheet (1.110) (94) 621 422 83 0 0 78
<br /> Ending Cash Balance 0 163,316 164,015 178,806 200,127 139,664 129,996 149,028 0
<br /> e
<br /> Management Review&Analysis-Tax Increment Financing Districts February 2012
<br /> New Brighton, Minnesota Page 40
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