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City of New Brighton Recommendations:
<br /> Fund Balance Analysis 1) Inerosw amount for pooled debt to bring down fund balance.
<br /> TIF 16 2121-23 Highway 8 2) Pro-1990 district: Funds can be pooled for other propsets.
<br /> 3) Budget Mod: Not recommended
<br /> General TIF District Information
<br /> Ori¢inar I Modification
<br /> Distnct Type Redevelopment
<br /> Project Area
<br /> Crty apprrned 9/27/1988 12/13/2005
<br /> Cert Request 10/14/1988 N/A
<br /> Certrtieo 6/27/1989 N/A
<br /> 0ecer1r5es 12/31/2015 12/31/2015
<br /> End of
<br /> Current District
<br /> Cumulative Projected Amid for
<br /> Original Modified Actual In Prior Actual Actual Actual Actual Projected
<br /> Budget Budget Total Years 2007 2008 2008 2010 2011 2012 2013 2014 2015
<br /> Beginning Fund Balance 0 23,266 31,461 36,367 43,302 49,436 60,813 49,262 64,886 66,083
<br /> Revenues
<br /> Tax increment 0 500,000 406,996 183,565 24,125 28,308 31,424 28,652 24,734 21,547 21,547 21,547 21,547
<br /> MVHC 0 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Investment Earnings 0 50,000 11,459 4,348 957 876 373 689 494 508 739 1,098 1,377
<br /> Bond Proceeds 600 000 875,000 175,000 175,000
<br /> Loan Proceeds 0 0 0 0
<br /> Sales/Lease Proceeds 265000 200,000 119,176 119,176
<br /> Other. Contract for Deed 0 0 5,500 5,500
<br /> Other. Rental Income 0 0 7,000 7,000
<br /> Other: Escrow Returned for Patio 0 0 5,721 0 5,721
<br /> Trenafer In 0 1,250.000 700.000 700.600
<br /> Total Revenues 866.000 2,876,000 1,430,862 1,194,689 30,803 29.184 31.797 29,341 26.228 22,065 22.286 22,646 22,924
<br /> Expenditures
<br /> Land/building acquisition 600 000 600,000 249,361 249,361
<br /> Bond 0
<br /> Principal 0 875,000 413,615 257,609 17,017 17,374 17,760 18,445 19,040 19,754 13,328 19,929 13,359
<br /> Interest 0 525,000 22,600 0 4,534 4,078 3,555 2,946 2,337 1,707 1,169 1,419 855
<br /> Loan
<br /> Principal 0 0 0 0
<br /> Interest 0 525,000 364,314 364,314
<br /> Admin 115,000 50,000 81,477 66,532 1.046 2,836 1,277 1,817 2,473 2,155 2,155 1.100 86
<br /> County Admin 0 0 2,260 0 2,260
<br /> Other:Total 0 100,000 45,787 45,787
<br /> Transfer out 150,000 200,000 251,438 187,73/ 63,707
<br /> Total Expenditures 866,000 2.876.000 1,430,862 1,171.334 22.697 24,288 24.862 23.208 23.860 23,616 16.652 22,448 78,007
<br /> Projected Ending Fund Balance 0 23,266 31.461 36,367 43.302 49.436 60,813 49,262 64.886 66,083 0
<br /> Beginning Cash Balance 0 23,194 26,697 36.412 43,462 41,268 42,637 41,076 46,710 46,907
<br /> Net Receneus less Expenditures 23,255 8.206 4,696 6.945 6,133 1,378 "1,561) 5,634 197
<br /> IMerfund Loan Principal 0 0 0 0 0 0 n 0 0
<br /> Changes in Balance Sheet (611 (5.8031 5.919 105 (8,338 0 C 2
<br /> Ending Cash Balance 0 23,194 26,697 36.412 43,462 41,269 42,637 41.076 46,710 46.907 0
<br /> Management Review&Analysis-Tax Increment Financing Districts
<br /> New Brighton, Minnesota
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