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City of New Brighton Recommendations:
<br /> Fund Balance Analysis 1) Irmrease amount for pooled debt to bring down Sold balance.
<br /> 71F 15 Brighton Corporate Park 2) Pre-1990 dldrlct Funds can be pooled for other pre)ecta.
<br /> 3) Budget Mod: Not recommended
<br /> General TIF District Information
<br /> Origami I Modecatten
<br /> Distnct Type Redevelopment
<br /> Project Area
<br /> City approved 3/22/1988 12/13/2005
<br /> Cart Request 3/30/1988 N/A
<br /> Certified 6/2/1989 N/A
<br /> Decettifics 12/31/2014 12/31/2014
<br /> End of
<br /> Current Distriet
<br /> Cumulative Projected Aco/d for
<br /> Original Modified Actual In Prior Actual Actual Actual Actual Projected
<br /> Budget Budget Total Yeats 2007 2008 2009 2010 2011 2012 2013 2014
<br /> Beginning Fund Balance 0 214,600 231,744 312,666 266,342 191,730 207,736 239,043 270,334
<br /> Revenues
<br /> Tax increment 1,400,000 7,900,000 6,592,025 3,661,308 311,504 376,742 352,559 323,210 373,209 397,831 397,831 397,631
<br /> MVIiC 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Invesbnent Earnings 0 790,000 39,870 12,108 6,007 4,419 2,210 2.059 1.997 2,077 3,586 5,407
<br /> Bond Proceeds 700,000 6,675,000 3,401,086 3,401,086
<br /> SalaslLease Proceeds 0 2,000.000 1,735,390 1,735,390
<br /> Other. Homestead Credit 600,000 100,000 630 630
<br /> Other: Standby Letter of Credit 0 0 50,000 50,000
<br /> Other: Interest on Deposit with Ramsey Dla. 0 0 327 327
<br /> Other. Return of Escrow Acet Balance 0 0 3,530 3,530
<br /> Other. Developer Reimbursement 0 0 2,000 2,000
<br /> Other: Tax Deficiency Payment 0 0 6,891 6,891
<br /> Other. 1992 Other Revenue 0 0 1,800 1,800
<br /> Trander In 0 11,350,000 3,800,000 3.800.000
<br /> Total Revenues 2,700,000 29,016,000 16,633,649 12.676,070 317,611 381,161 364,769 326,269 376,206 399.908 401,417 403,238
<br /> Expenditures
<br /> Land/building acquisition 1,200,000 5,000,000 4,108,248 4,108,248
<br /> Bond
<br /> Principal 0 6,875,000 5,733,221 3,811,002 185,852 195,550 281,243 253,048 281,265 290,482 300,590 134,189
<br /> Inbred 0 4,125,000 514,729 0 112,195 100,656 101,221 59,857 48,614 38,337 29,752 24,097
<br /> Loan
<br /> Principal 0 0 0 0
<br /> inbred 0 4,125,000 1,623,847 1,623,847
<br /> Admire 50,000 790,000 850,169 654,549 2,220 4,144 2,326 67,541 37,321 39,783 39,783 2,500
<br /> County Admin 0 0 3,519 0 3,084 435
<br /> Other:Total 50.000 500,000 160,877 160,877
<br /> Transfer out 1,400,000 7,600,000 2,638,939 2.102.047 0 0 24,106' 512.786
<br /> Total Expenditures 2,700,000 29,016,000 16,633,649 12.460,670 300.267 300,360 411,982 380,881 367,200 368,602 370,126 673,672
<br /> Projected Ending Fund Balance 0 214,600 231,744 312,666 266,342 199,730 207,736 239,043 270,334 (0)
<br /> Beginning Cash Balance 0 200,166 214,366 273,361 266,466 199,767 207,763 239,070 270,361
<br /> Net Reveneus less Expenditures 214,500 17,244 80,811 (57,213) (55,612) 8,006 31,306 31,292 (270,334)
<br /> Interfurid Loan Principal 0 0 0 0 0 0 0 0 0
<br /> Changes in Balance Sheet 4.34.: (3.045) (21.815: 39,328 - 0 0 0
<br /> Ending Cash Balance (01 200,166 214.366 273,361 266,466 199,767 207,763 239,070 270,361 i_.
<br /> Management Review&Analysis-Tax Increment Financing Districts February 2012
<br /> New Brighton, Minnesota Page 82
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