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City of New Brighton Recommendations:
<br /> Fund Balance Analysis 1) This district has a zero sash Miens',while paying off ttn IFL This Is expected to continue until 2020.
<br /> T1F 29 BCPU South(Soo Line) 2) Budget Modi ication: Mot Recommended.
<br /> 3) City needs to have documentation for bonded debt expenditures inside the district for pooled debt
<br /> General TIF District Information
<br /> Original I Modification
<br /> District Type Redewlogment
<br /> Project Area
<br /> City approved 6/22/1999 12/13/2005
<br /> Cert Request 6/29/1999 WA
<br /> Certified 10/15/1999 N/A
<br /> Decenilies 12/31/2027 12/31/2027
<br /> End of
<br /> Current District
<br /> Cumulative Projected Acotd 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
<br /> Beginning Fund Belenee 0 • ,124,377( (128,028i _
<br /> Revenues
<br /> Tax increment 1,300,000 1,300,000 995,686 137,126 39,169 41.904 41,381 39,137 42,521 40,903 40,903 40,903 40,903
<br /> MVHG 0 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Investment Earnings 0 130,000 375 (385) (341) (1,155) '44) ('
<br /> Bond Proceeds 0 1,006,250 316,579 316,579
<br /> Other: Sales/Leese Proceeds 100,000 0 0 0
<br /> Other: Itequired Local Contribution 65,000 0 0 0
<br /> Other: Miscellaneous 35,000 1,412,500 0 0
<br /> Transfer in 0 0 0 0
<br /> Total Revenues 1,600.000 3,848.760 1,298,110 464,080 38,071 41,068 40,996 38,796 41,356 39,569 38,883 38,266 37,466
<br /> Expenditures
<br /> Land/building acquisition 400,000 400,000 280,207 280,207
<br /> Site Improvements 375,250 225,000 0 0
<br /> Public utilities 50,000 50,000 0 0
<br /> Streeb&sidewalks 125,000 125,000 0 0
<br /> Bond
<br /> Principal 0 1,006,250 455,192 168,326 23,472 24,468 26,142 27,960 29,352 34.944 35,340 35,664 39,924
<br /> Inbred 0 603,750 106,675 0 15,962 14,610 13,208 11,547 7,222 3.397 2,828 2,167 34,533
<br /> Loon
<br /> Principal 0 0 0 0
<br /> interest 309,750 603,750 122,255 53,567 3,785 4,127 4,822 4,382 4,613 4.969 5,115 5.287 5,510
<br /> Admin 240,000 130,000 50,826 38,101 1,099 2,885 1,220 483 0 0 0 706 3,961
<br /> County Admin 0 0 2,361 0 2.361 •Jeanne Vogt:
<br /> Other: Printing&Publication Exp. 0 5,000 187 187 /Spending Plan
<br /> Other: Courier Service 0 0 31 31 j Stuart/N6Ex
<br /> Transfer out 0 700,000 14,615 5.544 9.071 •
<br /> Total Expenditures 1,600,000 3,848,760 1,032,349 646,563 44.318 46,090 47,763 44.372 60,268 43,310 43,283 43,824 83,928
<br /> Projected Ending Fund Balance 266,841 (91.883) (98.130) 1103,162) (109,909) ;116,486) (124,377) (128.028) (132,328) (137,896) (184,368)
<br /> Beginning Cash Balance 0 0 0 0 0 0 0 0 0 0
<br /> Net Revencus less Expenditures 191.883) (6.247) (5 022) - ;5,576) - 73 651) (4.3001 )5 558) 17 472',
<br /> Intertund Loan Principal 94,623 8,555 17.356 (iC/$8`, 5,781 8.892 3.651 4,300 5.568 46,472
<br /> Changes in Balance Sheet i2.740) 12.30F =41 17,742 2051
<br /> Ending Cash Balance 266,996 0 0 0 0 0 0 0 0 0 0
<br /> Management Review&Analysis-Tax Increment Financing Districts February 2012
<br /> New Brighton, Minnesota Page 168
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