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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 11 Trainor Enterprises 2) Pre-1990 district Funds can be pooled for other projects.
<br /> 3) Budget Mod: Possibly. TIF revenues should be dowdy monitored
<br /> General TIF District Information
<br /> Original I Modification
<br /> Distnct Type RedeA,elopment
<br /> Project Area I
<br /> City approved 5/13/1985 12/13/2011
<br /> Cert Request 3/3/1987 N/A
<br /> Certified 4/3/1987 N/A
<br /> Decertifies 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 - 187,913 201,343 214,404 229,732 233,331 240,404 251,850
<br /> Revenues
<br /> Tax Increment 100,000 900,000 752,154 506,159 28,985 32,393 37,929 28,461 36,521 40,853 40,853
<br /> MVHC - 586 586
<br /> Investment Earnings - 250,000 230,110 192,884 11,895 8,349 3,855 4.612 2,333 2,404 3.778
<br /> Bond Proceeds 50,000 - -
<br /> Trander In - - 50,000 50,000
<br /> Total Revenues 160,000 1,160,000 1,032,860 749,629 40,880 40,742 41,784 33,073 36,854 43,257 44,631
<br /> Expenditures
<br /> Land/building acquisition 50,000 95,000 50,000 50,000
<br /> Other qualifying improvements - 825,000 - -
<br /> Bond
<br /> Principal 233,478 73,617 18,304 18,688 19,094 27,125 28,000 29,050 19,600
<br /> Interest - 75,000 25,085 - 4,877 4,387 3.822 4,333 3,437 2,510 1,719
<br /> Loan
<br /> Principal - - -
<br /> interest - 75,000 1,283 1.283
<br /> Admin -
<br /> 80,000 46,814 37,624 4,269 4,606 1,533 (1,984) 344 251 171
<br /> County Admin - - 2,007 - 2,007
<br /> Other: Printing&Publication - - 978 978
<br /> Transfer out 100.000 - 673,205 398.214 - - 274.991
<br /> Total Expenditures 150,000 1,150,000 1,032,850 561,716 27,450 27,681 26,456 29,474 31,781 31,811 296,481
<br /> Projected Ending Fund Balance 0 187,913 201,343 214,404 229,732 233,331 240,404 251,850 0
<br /> Beginning Cash Balance 0 186,278 199,590 213,379 229,258 241,676 248,748 260,194
<br /> Net Reveneus less Expenditures 187,913 13,430 13,061 15,328 3,599 7,073 11,446 (251,850)
<br /> Interfund Loan Principal 0 0 0 0 0 0 0 0
<br /> Changes in Balance Sheet (115; 728 551 8.51E 0 0 (8.344)
<br /> Ending Cash Balance 0 186,278 199,590 213,379 229,258 241,675 248,748 260,194 0
<br /> O
<br /> Management Review&Analysis-Tax Increment Financing Districts February 2012
<br /> New Brighton, Minnesota Page 64
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