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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 /> 11F 12 Harstad Office Building 2) Pre-1990 district Funds can be pooled for other projects.
<br /> 3) Budget Mod: Not Recommended
<br /> General T1F District Information
<br /> Original I Modification
<br /> District Type Redevelopment
<br /> Project Area
<br /> City approved 2/27/1988 12/13/2011
<br /> Cert Request 3/4/1987 NIA
<br /> Certified 6/2/1988 WA
<br /> Decerlthes 12/31/2014 12/31/2014
<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 Totel Year 2007 2008 2009 2010 2011 2012 2013 2014
<br /> Beginning Fund Balance 0 324,101 333,222 367,661 393,313 380,262 393,716 395,843 438,222
<br /> Revenues
<br /> Tax increment 1,140,000 3,800,000 2,992,111 2,164,885 84,901 97,503 114,075 98,941 99,133 110,891 110,891 110,891
<br /> MVHC 0 0 0 0 0 0 0 0 0 0 0 0
<br /> InveslmentEamings 0 850,000 739,718 671,774 19,018 12,898 5,866 7,705 3,803 3,937 5,953 8,764
<br /> Bond Proceeds 570,000 0 0 0
<br /> Transfer In 0 0 470,000 470 000
<br /> Totel Revenues 1,710,000 4,650.000 4,201,829 3,306,659 103.919 110,401 119,941 106,646 102,936 114,828 116,844 119,666
<br /> Expenditures
<br /> Land/building acquisition 470,000 695,000 470,000 470,000
<br /> Other qualifying improvements 0 2,575,000 0 0
<br /> Bond
<br /> Principal 0 0 1,257,466 691,878 64,350 65,700 67,037 69,750 72,000 102,007 68,824 55,920
<br /> Interest 0 525,000 84,794 0 17,146 15,422 13,418 11,141 8,838 8,812 6,036 3,981
<br /> Loan
<br /> Principal 0 0 0 0
<br /> interest 0 525,000 0 0
<br /> Admin 100.000 330,000 210,447 142.084 13,302 4,850 1,312 38,361 8,635 881 604 398
<br /> County Admin 0 0 2,947 0 2,512 435
<br /> Other: Miscellaneous 0 0 96 96
<br /> Other: Printing&Publishing 0 0 7 7
<br /> Transfer out 1,140.000 0 2,176,072 1,678.493' 497.579
<br /> Totel Expenditures 1.710,000 4,660.000 4,201,829 2,982,658 94,798 85.972 84,279 119,707 89.473 111,700 75,464 667,878
<br /> Projected Ending Fund Balance (0) 324,101 333,222 367,661 393,313 380,262 393,716 396,843 438,222
<br /> Beginning Cash Silence 0 321,360 330,338 366,884 392,388 391,656 406,019 408,147 449,626
<br /> Net Rer.eneus less Expenditures 324,101 9,121 24,429 35,662 (13,061) 13,463 3,128 41,380 (438,223)
<br /> Interfund Loan Principal 0 0 0 0 0 0 0 0 0
<br /> Changes in Balance Sheet 1 117 842 12,229 0 0 0 '1.304)
<br /> Ending Cash Balance (0) 321.350 330,338 355,684 392,388 391,566 406,019 408,147 449,526 (01
<br /> Management Review&Analysis-Tax Increment Financing Districts February 2012
<br /> New Brighton, Minnesota Page 70
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