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City of New Brighton Recommendations:
<br /> Fund Balance Analysis 1) District has sufficient cash flows for pooled debt obligations.
<br /> 11F 14 Golden Pond 2) Pre-1990 district Funds can be pooled for offer projects.
<br /> 3) Budget Mod: Not Recommended
<br /> General TIF District Information
<br /> Original I Modification
<br /> District Type Redevelopment
<br /> Project Area
<br /> City approved 3/22/1988 12/13/2005
<br /> Cert Request 3/30/1988 N/A
<br /> Certified 6/16/1988 N/A
<br /> Decertifies 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 Total Years 2007 2008 2009 2010 2011 2012 2013 2014
<br /> Beginning Fund Balance 0 126,769 127,813 121,640 121,642 294,396 298,260 291,966 316,786
<br /> Revenues
<br /> Tax Increment 2,600,000 2,200,000 1,857,292 1,302,668 62,043 57,612 63,082 64,452 67,744 79,897 79,897 79,897
<br /> MVNC 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Investment Earnings 0 220,000 43,492 13,259 6,343 3,844 1,269 2155 2,944 2,982 4,379 6,316
<br /> Bond Proceeds 1,300,000 2,953,750 0 0
<br /> Grants 0 320,000 320,000 320,000
<br /> Otter. Administrative Fee 0 400,000 204,000 204,000
<br /> Ogler, Homestead Credit 0 0 440 440
<br /> Other: Reimbursement ofraloat 0 0 54,860 54.860
<br /> Transfer In 0 2.987.500 325.030 325,000
<br /> Total Revenues 3,900,000 9,081,250 2,806,084 2.220,227 68.386 61,466 64,361 66,607 70,688 82,879 84,276 86,213
<br /> Expenditures
<br /> Land/building acquisition 1,200,000 2,313,000 1,198,133 1,198,133
<br /> Bond 0
<br /> Principal 0 2,953,750 782,990 331,326 51,409 52,487 53,530 55,723 57,520 81,423 54,936 44,636
<br /> Interest 0 1,772,250 67,720 0 13,697 12,320 10,713 8,900 7,060 7,034 4,818 3,178
<br /> Loan
<br /> Principal 0 0 0 0
<br /> Interest 0 1,772,250 175,036 175,036
<br /> Admin 50,000 220,000 181,960 315,857 1,226 2,922 (1,997) (170,769) 2,253 706 703 31,059
<br /> County Admin 0 0 2,003 0 2,003
<br /> Ogler: Micro Consulting 75,000 50,000 281 281
<br /> Otter. Printing 8.Publication ExF 0 0 182 182
<br /> Transfer out 0 0 396.779 73.653 0 0 323,128
<br /> Total Expenditures 1,326,000 9,081,250 2,806.084 2.094,468 66,332 67,729 64,249 (106.146) 66,833 89,163 60.467 401,999
<br /> Projected Ending Fund Balance (0) 125,769 127,813 121,640 121,642 294,396 298,260 291,966 315,786 (0)
<br /> Beginning Cash Balance 0 124,866 126,816 120,978 121,308 294,041 297,896 291,612 316,432
<br /> Net Reveneus less Expenditures 125,759 2,054 (6,273) 102 172,753 3,855 (6,284) 23,819 (315,786)
<br /> titerfund Loan Principal 0 0 0 0 0 0 0 0 0
<br /> Changes in Balance Sheet (904) 435 228 0 C 0 364
<br /> Ending Cash Balance (0) 124,866 126,816 120,978 121,308 294,041 297.896 291,612 316,432 (0)
<br /> Management Review&Analysis-Tax Increment Financing Districts February 2012
<br /> New Brighton, Minnesota Page 76
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