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City of New Brighton Recomm.ndatlons:
<br /> Fund Balance Analysis 1) This district has a zero sash balance,while paying off the IFL This Is expected to eondnue until 201
<br /> TIF 30 Brighton Village-Beisswenger 2) Budget Modification: Net Recommended.
<br /> General ThF District Information
<br /> Original I Modification
<br /> District Type Redevelopment
<br /> Project Area
<br /> City approved 11/25/2003 12/13/2005
<br /> Cert Request 12/16/2003 N/A
<br /> Certified 6/28/2004 N/A
<br /> Decertites 12/31/2031 12/31/2031
<br /> End of
<br /> Current District
<br /> Cumulative Projected Acco for
<br /> Original Modified Actual In Prier Actual Actual Actual Actual Projected
<br /> Budget Budget Total Years 2007 2008 2009 2010 2011 2012 2013 2014
<br /> Beginning Fund Balance 0 8,111) (1,438,119) (1,412,939) (1,31 11) (1,096,413) (1,394,036) (1,226,024) (1,056,744
<br /> Revenues
<br /> Tex Increment 7,700,000 5,677,091 6,141 58,231 86,631 155,321 274,067 242,700 242,700 242,700 242,700
<br /> MVHC 0 0 0 0 0 0 0 0 0 0 0
<br /> InvesbnentEamings 770,000 449,453 1,076 1,619 1,186 1,419 10,964) (13,940) (18,390) (21,115)
<br /> Bond Proceeds 4,000,000 0 0
<br /> Transfer In 300,000 0 0
<br /> Total Revenues 12,770,000 0 6,126,544 7,217 69,860 87,817 155,247 275,484 231,73i 228,760 224,310 221,685
<br /> Expenditures
<br /> Land/building acquisition 1,200,000 1,374,693 1,374,693
<br /> Site Improvements 600,000 0 0
<br /> Public utilities 800,000 0 0
<br /> Streets i sidewalks 600,000 0 0
<br /> Bond 0
<br /> Principal 4,000,000 0 0
<br /> Interest 2,400,000 0 0
<br /> Loan 0
<br /> Principal 0 0 0
<br /> Inbred 2,400,000 585,050 59,065 57,520 57,523 56,506 52,709 54,817 55.748 49,028 42,217
<br /> Admin 770,000 126,513 11,570 2,338 5,114 1,917 574 5.000 5.000 5,000 5,000
<br /> County Admin 0 2,501 0 2,066 435 Jeanne Vogt:
<br /> Other: 0 0 0 Spendng Pan-
<br /> Transfer out 0 469,542 0 469,542E Stuart/NBEx
<br /> Total Expenditures 12,770,000 0 2,668,288 1,446,328 59,858 62,637 60,489 63,718 529,359 607 48 64,028 47,217
<br /> Projected Ending Fund Belence 3,fii8,246 11,438.1111 (1.438.119) (1.412.939) (1,318,181) (1,096,413) (1,394,036) (1,226,024) (1,066,743) (881,376)
<br /> Beginning Cash Balance 0 0 0 0 0 274,347 0 0 0
<br /> Net Releneus less Expenditures (1,438,111) I) 25,180 94,758 221,768 :3) 168,012 170,282 174,368
<br /> Interfund Loan Principal 1,438,010 72 (25,434) (94,921) 52,709 23,276 (168,012) (170,282) (174,368)
<br /> Changes in Balance Sheet 101 (64) 264 163 (130)
<br /> Ending Cach Balance 3,668,669 0 0 0 0 274,347 0 e 0 0
<br /> Management Review&Analysis-Tax Increment Financing Districts February 2012
<br /> New Brighton, Minnesota Page 178
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