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City of New Brighton Recommendations:
<br /> Fund Balance Analysis 1) This district comedy has■sego Bash balans. District does hoes an IFL for cash tow imaa.
<br /> TIF 31 Northwest Quadrant(West Side) 2) Budget Modification: Not Recommended,but oxpendlhstss sthodd be nsonlrred.
<br /> 3)All MSS properties eurrondy exempt Sou Pay 2011.
<br /> 4) District should refrain from*Nursing any admin to this Naiad unless additional Increment Is generated.
<br /> General TIF Diatnct Information 2001 Laws
<br /> Original I Moddieatien CA306 Special Considerations:
<br /> Dlstnct Type Reds elopment 1) 1100 Session Laws,Ch.300,Sec,24-District Creation
<br /> Prc8oct Area 2) 2006 Session Laws,Ch.316,Sea 24-Aloud peolhm from TIF M,TIP 020,a TIF 026
<br /> City approhcd 12/14/2004 12/1302005
<br /> Cart Request 12/2311004 6/14/2006
<br /> Certified 9/30/2005 4/19/2007
<br /> Decerirfies 12/31/2031 12/31/2031 12/31/2035
<br /> End of
<br /> Current District
<br /> Cumulative Projected Acetd for I Fund 411 9 412, Total T1F Dialect a31 I
<br /> Original Modified Actual In Prior Actual Actual Actual Actual Project*d
<br /> Budget Budget Total Years 2007 2008 2008 2010 2011 2D12 2013 2014 2015
<br /> Beginning Fund Balance 0 i3-?.4202 .4,Oe3 655; (4.407,n04_j (5.051.5101 t3.551.5001 (4 3288.500) (4.741.3551 (5.€71.767( (6,325.555)
<br /> Revenues
<br /> Tax increment 23.500,000 58,200,000 8,054,070 2,511 166,275 9,894 61,411 154,915 116,276 137,065 321,901 321,901 321,901
<br /> MVNC 0 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Investment Eaming% 750,000 1,026,000 (20,511,594) 20,030 18,703 .i) (71,121) (113,436) (158,23S
<br /> Bond Proceeds 8,000,000 21,125,000 17,261,862 17,209,237' 52,625 0 0 0 0 0 0 D 0
<br /> Loan Proceeds 0 0 11,951,940 11,951,940 0 0 0 0 0 0 0 0 0
<br /> Specie'Aasaarnenls 0 0 0 0 0 0 0 0 0 0 0 0 0
<br /> SalsiLease Proceeds 5,500,000 16,660,000 2,639,372 1,071,550 1,268,010 299,812 0 0 0 0 0 0 0
<br /> LosnlAdvence Repayments 0 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Grants 0 1,030,000 5,133,938 81,428 1,590,621 2,406,806 172,600 882,483 0 0 D 0 0
<br /> Other: Plan Deposit 0 0 2,605 2,605 0 0 0 0 0 0 0 0 0
<br /> Other. Sale of Aggregate 0 750,000 202,695 0 176,680 0 19,105 6,910 0 0 0 0 0
<br /> Transfer In 0 1,200,000 20,610,413 0 449,102 2,949,251 565,715 560,025 1,083,662 1,057,420 739,764 1,333,491 813,707
<br /> Total Revenues 37,760,000 101,001,000 46,345,301 30,339,301 3,630,170 6,5111,405 616,306 1,623,036 1,162,423 1,151,200 010,644 1,641,066 677,361
<br /> Expenditures
<br /> Lendlbullding eequiattion 9,000,000 28,400,000 34,474,787 32,819,455 1,023,240 68,162 543.930 0 0 0 0 0 0
<br /> Sits Improvements 2,500,000 10,300,000 5,671,556 0 2,176,212 2,864,293 592,158 38,893 0 0 0 0 0
<br /> Public utilities 1,500,000 3,300,000 0 0 0 0 0 0 0 0 0 0 0
<br /> Betels i sidewalks 1,000,003 2,300,000 0 0 0 0 0 0 0 0 0 0 0
<br /> Bond
<br /> Principe 8,000,000 21,125,000 32,668,950 0 0 0 0 0 0 0 334,350 595,500 831,750
<br /> Interest 6,000,000 19,040,000 21,834,683 0 0 0 0 144,494 1,493,330 1,493,330 1,486,361 1,466,792 1,436,675
<br /> Loan
<br /> Principe' 0 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Interest 7,150,000 11,676,000 25,941,763 557,697 115,701 160995 193,953 92,087 46,093 61,173 77,689 114,904 141,215
<br /> Adman 2,350,000 5,820,000 1,843,504 126,351 386,366 478,066 118,584 206,282 0 9,595 22,533 22,533 22,533
<br /> County Adman 0 0 6,823 0 0 0 5,953 870 0 0 0 0 0
<br /> Other:Total 0 0 2,374,417 0 828,134 1,546,283 0 0 0 0 0 0 0
<br /> Transfer out 0 0 833,561 0 0 787,527 46,034 0 0 0 0 0 0
<br /> Total Expenditures 37,600,000 101,1161,000 126,660,044 33,503,603 4,620,653 6,1126,326 1,600,612 462,626 1,539,423 1,564,016 1,920,033 2,109,720 2,432,173
<br /> Projected Ending Fund Balance (80,304.743) (1.164.202) (4.063.685) (4.407,606) (6.091.510) (3,951.5001 14.128.500) (4,741.398) (5,671,787j (6,329,559) (7.784,3631
<br /> Beginning Cash Balance 0 0 131,721 0 0 0 0 0 0 0
<br /> Net Reveneus less Expenditures (3,164 2021 (899,483) (343,921) (684,304) 1,140,410 (377,000) (412,898) (930,389) (657,773) (1,454,804)
<br /> Interfund Loan Principal 2,892,514 1,132,365 823,947 345,868 (1,149,87" 377,000 412,898 930,389 657,773 1,454,804
<br /> Changes in Balance Sheet 271,688 (611.747) 338,436 9,460 0 0 0 0 0
<br /> Ending Cosh Balance 0 0 131,721 0 0 0 0 0 0 0 0
<br /> Management Review&Analysis-Tax Increment Financing Districts February 2012
<br /> New Brighton, Minnesota Page 191
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