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City of New Brighton Recommendations:
<br /> Fund Balance Analysis 1) Ingress*amount for pooled debtb bring down fund balance.
<br /> TIF 10 JLN Development 2) Pre 1990 district Funds can be pooled for other project:
<br /> 3) Budget Mod: Not recommended
<br /> General TIF District information
<br /> Original 1 Modification
<br /> District Type Redevelopment
<br /> Project Area
<br /> City approved 12/19/1985 12/13/2011
<br /> Cert Request 12/24/1985 N/A
<br /> Certified 2/18/1996 N/A
<br /> Decert ifies 12/31/2013 12/31/2013
<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 200E 2009 2010 2011 2012 2013
<br /> Beginning Fund Balance - 167,876 170,674 198,792 226,888 106,754 191,776 207,987
<br /> Revenues
<br /> Tax Increment 1,220,000 3,500,000 2,921,109 2,176,942 86,606 96,391 112,593 109,622 108,859 115,048 115,048
<br /> MVNC - - - -
<br /> Investment Earnings - 1,100,000 943,675 913,491 8,700 6,247 4,422 3,910 1,868 1,91E 3,120
<br /> Bond Proceeds 610,000 - 338,153 338,153
<br /> Transfer In - - - -
<br /> Total Revenues 1,530,000 4,600,000 4,202,937 3,428,686 96,306 102,638 117,016 113,632 110,727 116,966 118,16E
<br /> Expenditures
<br /> Land/building acquisition 575,000 575,000 300,000 300,000
<br /> Other qualifying Improvements - 2,797,500 - -
<br /> Bond -
<br /> Principal -
<br /> -
<br /> 980,517 498,327 55,198 56,356 57,532 61,84E 84,48E 87,648 59,136
<br /> Interest - 438,750 75,649 - 14,707 13,228 11,514 13,072 1E1,369 7,572 5,187
<br /> Loan
<br /> Principal - - - -
<br /> Interest - 438,750 14 14
<br /> Admin 35,000 350,000 257,233 158,594 12,703 4,836 5,871 58,289 10,886 5,535 519
<br /> County Admin - - 2,877 - 2,442 435
<br /> Other: Miscellaneous - - 43 43
<br /> Other: Printing&Publishing -
<br /> - 7 7
<br /> Trensferout 1.220.000 - 2,586,597 2,313,725' - - 11.560" 261312
<br /> Total Expenditures 1,830,000 4,600,000 4,202.937 3,270,710 82,608 74,420 88,919 153,636 105,735 100,755 326.154
<br /> Projected Ending Fund Balance 0 157,876 170,574 198,792 226,888 186,784 191,776 207,987 0
<br /> Beginning Cash Balance 0 166,722 169,326 198,202 226,892 186,924 191,916 208,127
<br /> Net Rereneusless Expenditures 157,876 12,698 28,218 28,096 (40,104) 4,992 16,211 (207,986)
<br /> Interfund Loan Principal 0 0 0 0 0 0 0 0
<br /> Changes in Balance Sheet 154) 659 594 136 D 0
<br /> Ending Cash Balance 0 156,722 169,325 198,202 226,892 186,924 191,916 208,127 0
<br /> Q
<br /> Management Review&Analysis-Tax Increment Financing Districts February 2012
<br /> New Brighton, Minnesota Page 58
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