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City of New Brighton
<br /> Fund Balance Analysis
<br /> TIF 27 Ken's Market
<br /> General TIP District Inlormation
<br /> Origins) 1 MedUicstlon
<br /> District Type Redevelopment
<br /> Project Area
<br /> City approved 4/28/1998 12/13/2005
<br /> Carl Request 6/10/1998 N/A
<br /> Certified 1/22/1999 N/A
<br /> Decerti5es 12/31/2026 12/31/2026
<br /> End of
<br /> Current District
<br /> Cumulative Projected
<br /> Original Modified Actual Pfe)ealed
<br /> Budget Budget Total 2016 2017 2016 2019 Z020 2021 26 2024 2026 2026
<br /> 22
<br /> Beginning Fund Balance (232,551) (224,009) (215,270) (205.880) (145,292) (183,271) wa71 t163,677) (137,272) (119,689) (100,8761
<br /> Revenues
<br /> Tax increment 1550,000 1,400,000 754,977 27,190 27,190 27,190 27,190 27,190 27,190 27,190 27,190 27,190 27,190 27,190
<br /> MVHC 0 0 0 0 0 0 0 0 0 0 0 0 0 0
<br /> InveetmentEarnings 0 140,000 (74.923) (6,977) (6,720) (6,458) (6,176) (5,859) (5,498) (5,070) (4610) (4,118) (3,591) (3,026)
<br /> Bond Proceeds 0 775,000 0
<br /> Other: Developer Fee 7,500 10,000 2,000
<br /> Other: Required Local Contribution 42,500 0 0
<br /> Transfer In 0 350,000 0
<br /> Total Revenues 900,000 2,675,000 682.054 20,213 20,470 20.732 21.014 21,331 21,652 22,120 22680 23,072 23,699 24,164
<br /> ExpendiWros
<br /> Land/bullding acquisition 500,000 525,000 294,200
<br /> Site Improvements 127,000 25,000 0
<br /> Public utilities 0 65,000 0
<br /> Streets&sidewalks 15,000 0 0
<br /> Bond
<br /> Principal 0 775,000 42,560 1 328 1,909 2.075 1,743 1,245 0 0 0 0 0 0
<br /> Interest 0 465,000 11,436 387 306 205 108 32 0 0 0 0 0 0
<br /> Loan
<br /> Principe) 0 0 0
<br /> Interest 123,000 465,000 301,799 9 300 8,958 8,609 8,233 7,810 7,329 6,758 6,145 5 489 4.7E5 4 033
<br /> Admin 110,000 140,000 52,911 656 558 453 342 223 99 31 30 0 0 0
<br /> County Admin 0 0 2,990
<br /> Other: Printing&Publication Exp 25,000 5,000 136
<br /> Transfer out 0 210,000 56,767 0 0
<br /> Total Expenditures 900,000 2,675,000 762,799 11,671 11,731 11,342 10,426 9,310 7,425 6,789 6.175 6,499 4,786 4.033
<br /> Projected Ending Fund Balance (80,74) i224,009) (215,270) (205,880) (195,292) 1183,271) (169.007) 1153,677) (137.272) (119.689) 1100.876) (80.745)
<br /> Beginning Cash Balance 0 0 0 0 0 0 0 0 0 0 0
<br /> Net Remits less Expenditures 8,542 8,739 9,390 10,588 12,021 14,264 15,331 16,405 17,583 18,813 20,131
<br /> Interfund Loan Principal (8 542, (8,739) (9,390) (10,588) 15,331) (16,405) ,7,583) (18,813) (20,131
<br /> Changes in Balance Sheet
<br /> Ending Cash Balance 0 0 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 153
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