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City of New Brighton
<br /> Fund Balance Analysis
<br /> 11F 18 Remmelle,CBD West
<br /> General TIF District Information
<br /> Original I Modlrccitron
<br /> District Type Redevelopment
<br /> Project Area
<br /> City approved 4/24/1990 12/13/2005
<br /> Cert Request 4/27/1990 N/A
<br /> Certified 10/1/1992 N/A
<br /> Decertifes 12/31/2018 12/31/2018
<br /> End of
<br /> Current District
<br /> Cumulative Projected
<br /> Original Modified Actual Projected
<br /> Budget Budget Total 2016_ _ _2017 _ 2018
<br /> Beginning Fund Balance 476,967 696,708 664,798
<br /> Revenues
<br /> Tax Increment 412,100 6,400,000 5,632,854 240,608 240,608 240,608
<br /> MVHC 0 0 226,073 13,466 13,466 13,466
<br /> Investment Earnings 0 640,000 88,084 14.279 17,901 19.644
<br /> Bond Proceeds 3,685,000 5,162,500 335,666
<br /> Sales/Lease Proceeds 2,016,500 1,000,000 877,274
<br /> Loan/Advace Repayments 0 0 0
<br /> Grants 0 358,600 358,600
<br /> Other. Developer Fees 30,000 100,000 30,000
<br /> Transfer In 0 4,466,400 1,909,801
<br /> Total Revenues 6,143,600 18,127,500 9,458,352 268,353 271,976 273,718
<br /> Expenditure s
<br /> Land/building acquisition 4,030 000 3,500,000 2,312,198
<br /> Site Improvements 0 530,000 0
<br /> Bond
<br /> Principal 0 5,162,500 2,765,493 139,104 210,000 0
<br /> Interest 0 3,097,500 260,366 8,508 3,885 0
<br /> Loan
<br /> Principal 0 0 0
<br /> Interest 0 3,097,500 1,183,558 0 0 0
<br /> Adman 584,500 640,000 571,518 0 0
<br /> County Adman 0 0 7,180
<br /> Other.Total 700,000 100,000 63,816
<br /> Transfer out 829,100 2,000,000 2,294,223 0 0 928,516
<br /> Total Expenditures 6.143,600 18,127,500 9,458,352 147,612 213,885 928,516
<br /> Projected Ending Fund Balance (0) 596,708 654,798 (0)
<br /> Beginning Cash Balance 477,836 698,676 666,666
<br /> Net Reveneus less Expenditures 120,741 58,090 (654,798)
<br /> Interfund Loan Principal 0 0 0
<br /> Changes in Balance Sheet 0 0 (1,868)
<br /> Ending Cash Balance (0) 698,576 656,666 (0)
<br /> Management Review&Analysis-Tax Increment Financing Districts February 2012
<br /> New Brighton, Minnesota Page 101
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