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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 /> TiF 17 County Road D/Interstate 2) Pre-1990 district Funds can be pooled for other projects.
<br /> 3) Budget Mod: Not recommended
<br /> General TIF District Information
<br /> Original i Modification
<br /> Distnct Type Redevelopment
<br /> Pro/ect Area
<br /> City approved 4/25/1989 12/13/2005
<br /> Cert Request 5/2/1989 N/A
<br /> Cenihed 6/8/1990 N/A
<br /> Decenifies I 12/31/2016 12/31/2016
<br /> End of
<br /> Current Diablet
<br /> Cumulates 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 2016 2016
<br /> Beginning Fund Balance 0 214,264 231,966 243,784 245,473 170,316 143,772 124,293 130,624 160,660 189,210
<br /> Revenues
<br /> Tax Increment 1,148,000 2,600,000 2,303,048 1,438,996 109,966 105,578 99,082 80,079 82,267 77,416 77,416 77,416 77,416 77,416
<br /> MVHC 0 0 0 0 0 0 0 0 0 0 0 0 0 0
<br /> InwtdmentEarnings 0 260,000 63,466 20,191 11,262 7,849 3,233 3,815 1,703 1,498 1,864 2,610 3,764 5,676
<br /> Bond Proceeds 0 2,000,000 700,000 700,000
<br /> Sales/Loam Proceeds 600,000 700,000 590,284 590,284
<br /> Other: 0 400,000 0 0
<br /> Transfer In 0 1,100,000 1,500,000 1.500.000
<br /> Total Revenues 1,748,000 7,060,000 6,166,798 4,249.471 121,228 113,427 102,316 83.894 83,970 78,914 79,280 80,026 81,180 83,092
<br /> Expenditures
<br /> Land/building acquisition 1,168,000 1,500,000 1,272,915 1,272,915
<br /> Bond
<br /> Principal 0 2,000,000 1,705,834 1,030,836 76,648 78,256 79,878 83,080 85,760 86,976 60,032 48,776 32,696 40,896
<br /> Interest 0 1,200,000 99,593 0 20,423 18,369 15,987 13,270 10,526 7,686 5,265 3,473 2,092 2,502
<br /> Loan
<br /> Principal 0 0 0 0
<br /> Interest 0 1,200,000 686,212 686,212
<br /> Admin 150,000 260,000 296,476 173,515 6,466 4,973 1,320 63,267 8,227 7,742 7,742 7.742 7.742 7,742
<br /> County Admin 0 0 2,876 0 2,441 435
<br /> Other:Total 250,000 100,000 46,933 46,933
<br /> Transfer out 180.000 800,000 1,045,959 824.796' 221.163
<br /> Total Expenditures 1,748,000 7,060,000 6,166.798 4,036,207 103,637 101,698 99.626 160,062 104.613 104,404 73,039 69,991 42,630 272,303
<br /> Projected Ending Fund Balance 0 214,264 231,956 243.784 246,473 170.316 149,772 124,283 130,624 160,660 189,210 0
<br /> Beginning Cash Balance 0 198,066 230,264 242,829 246,007 169,987 149,444 123,966 130,196 160,232 188,882
<br /> Net Reveneusless Expenditures 214,264 17,691 11,829 2,689 (76,158) (20,543) (25,490) 6,242 20,036 38,650 (189,210)
<br /> Interfund Loan Principal 0 0 0 0 0 0 0 0 0 0 0
<br /> Changes in Balance Sheet 14,498 746 489 139 0 0 0 0 0 326
<br /> Ending Cash Belence 0 198,066 230,264 242,829 246,007 169,987 149,444 123,955 130.196 160.232 188.582 0
<br /> ell Management Review&Analysis-Tax Increment Financing Districts February 2012
<br /> New Brighton, Minnesota Page 94
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