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City of New Brighton Recommendations:
<br /> Fund Balance Analysis 1) District currently has no outetending obligations or PAYGo payments.
<br /> TIF 9 Brightondale Senior Housing 2) Pre-1990 district Funds are available for pooling
<br /> 3) Budget Mod: Not recommended
<br /> General TIF District Information I Special Considerations:
<br /> Original Modtfeca?ion I 1) 2005 Session Laws,Ch.366,Sec.24-Allows pooling with TIF 531&TIF 13
<br /> District Type Housing
<br /> Project Area
<br /> City approved 12/19/1985 12/13/2005
<br /> Cal Request 12/27/1985 N/A
<br /> Certified 2/18/1986 N/A
<br /> Decertifies 12/31/2012 12/31/2012
<br /> End of
<br /> Current District
<br /> Cumulative Projected Auld for
<br /> Original Modified Actual In Prior Actual Actual Actual Actual Projected
<br /> Budget Budget Total Years 2007 2003 2009 2010 2011 2012
<br /> Beginning Fund Balance - 1,876,980 2,066,642 117,673 28,115 33,086 106,745
<br /> Revenues
<br /> Tax increment 1,220,000 2,700,000 2,358,868 1,902,439 71,916 65,556 73,121 74,357 78,849 92,630
<br /> MVHC - - -Investment Earnings - 1,000,000 1,037,258 816,057 126,704 91,101 1,690 308 331 1,067
<br /> Bond Proceeds 610,000 731,250 355,181 355,181
<br /> Other - - -
<br /> Transfer in - - -
<br /> Total R 1,830,000 4,431,260 3,761,307 3,073,677 198,620 166,667 74,311 74,666 78,180 93,697
<br /> Expenditures
<br /> Land/building acquisition 575,000 575,000 250,000 250,000
<br /> Bond
<br /> Principal - 731,250 397,619 397,619
<br /> Interest - 438,750 -
<br /> Loan
<br /> Principe - - -
<br /> Interest - 438,750 -
<br /> Admin 35,000 270,000 185,970 157,198 8,958 4,726 3,824 (740) 5,519 6,484
<br /> County Admin - - 2,880 - 2,445 435
<br /> Other Courier Service - 10,000 118 118
<br /> Other: Ramsey County Fees - - 31 31
<br /> Other: Muesli - - 6 6
<br /> Other: Printing&Publishing - - 7 7
<br /> Transfer out 1.220.000 1,967,500 2,914,677 392 718 2,100,000 158 000 70,000 193,959
<br /> Total Expenditures 1,630,000 4,431,260 3,761,308 1,197,697 8,958 2,104,726 164,269 69,696 5,519 200,443
<br /> Projected Ending Fund Balance (0) 1,876,980 2,066,642 117,573 28,116 33,086 106,745 (0)
<br /> Beginning Cash Balance 0 1,868,169 2,047,369 73,092 16,617 21,429 96,089
<br /> Net Rel.eneus less Expenditures 1,875,980 189,662 (1,948,069) (89,458) 4,970 73,660 (106 746)
<br /> interfund Loan Principal 0 0 0 0 0 0 0
<br /> Changes in Balance Sheet '811) (472) (26,1981 32,983 (15E1 0 11.656
<br /> Ending Cash Balance (0) 1.868.169 2.047,369 73,092 16,617 21,429 96.089
<br /> 131
<br /> Management Review&Analysis-Tax Increment Financing Districts February 2012
<br /> New Brighton, Minnesota Page 52
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