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City of New Brighton
<br /> Fund Balance Analysis
<br /> TIF 28 Rice Creek Center
<br /> General TIF District information
<br /> Original 1 Modification
<br /> District Type Rede etopment
<br /> Project Area
<br /> City smarmed 4/28/1998 12/13/2005
<br /> Cert Request 6/10/1998 N/A
<br /> Certited 1/22/1999 N/A
<br /> Decertifes 12/31/2024 12/31/2024
<br /> End of
<br /> Current District
<br /> Cumulative Projected
<br /> Original Modified Actual Projected
<br /> Budget Budget Total 2016 2017 2018 2019 2020 2021 2022 2023 2024
<br /> Beginning Fund Balance 426,844 561.911 810,976 1,067,222 1,333,473 1,610,781 1,903,163 2.204,316 2.514.603
<br /> Revenues
<br /> Tax increment 5,500,000 8,500,000 5,464,539 244,058 244,058 244,058 244,058 244,058 244,058 244,058 244,058 244,058
<br /> MVHC 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Investment Earnings 0 650,000 406,700 12,775 16,857 24,329 32,017 40,004 48,323 57,095 66,129 75,435
<br /> Bond Proceeds 0 4,756,250 1,322,392
<br /> Sales/Lease Proceeds 0 0 28,722
<br /> Other: Required Local Contribution 275,000 5,000 238
<br /> Other: Misesllaaous 225.000 0 140
<br /> Transfer In 0 3207 500 0
<br /> Total Revenues 6,000,0130 17,318,760 7,222,731 266,833 250,816 268,387 276,076 284,062 292,381 301,163 310,187 319,493
<br /> Expenditures
<br /> Land/building acquisition 2,750,000 3,100,000 1,206,008
<br /> Site Improvements 700,000 250,000 50,534
<br /> Public utilities 650,000 450,000 0
<br /> Bond
<br /> Principal 0 4,756,250 1,981,374 117,008 10,074 10,950 9,198 6,570 C 0 0 0
<br /> Interest 0 2,853,750 302,218 3,554 1,614 1,083 569 167 0 0 0 0
<br /> Loan
<br /> Principal 0 0 0
<br /> Interest 1,000,000 2,853,750 117,812
<br /> Admin 715,000 850,000 165,476 204 162 108 57 17 0 0 0 0
<br /> County Admin 0 0 3,836
<br /> Other: Printing&Publication Exp 165,000 5,000 133
<br /> Other: Misulla 0 0 352
<br /> Transfer out 0 2,200,000 560,992
<br /> Total Expenditures 6,000,000 17,318,760 4,388,736 120,766 11,860 12,141 3,824 6,764 0 0 0 0
<br /> Projected Ending Fund Balance 2,833,986 661,311 810,976 1,067,222 1,233,473 1.610,781 1,903,163 2,204.316 2,614,603 2,833,336
<br /> Beginning Cash Balance 448,248 684,316 833,380 1,083,626 1,366,877 1,633,186 1,925,667 2,226,720 2,530,907
<br /> Net Reteneusless Expenditures 136,067 249,065 256,246 266,251 277,308 292,381 301,153 310,187 319,493
<br /> interfund Loan Principal 0 0 0 0 0 0 0 0 0
<br /> Changes in Balance Sheet
<br /> Ending Cash Balance 2,866,400 684,316 833,380 1,089,626 1,365,877 1.633,185 1,926,667 2,226.720 2.636,907 2,856,400
<br /> O
<br /> Management Review&Analysis-Tax Increment Financing Districts February 2012
<br /> New Brighton, Minnesota Page 161
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