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City of New Brighton
<br /> Fund Balance Analysis
<br /> TIF 31 Northwest Quadrant(West Side)
<br /> General 11F District Information 2004 Laws
<br /> Origins! I Modification Ch.3 6 6
<br /> Distnct Type Redevelopment
<br /> Project Area
<br /> Cdy approted 12/14/200C 12/13/2005
<br /> Carl Request 17/23/2004 6/14/2006
<br /> Certified 9/30/2005 4/19/2007
<br /> 0e0ert4e5 12/81/2031 12/31/2031 12/31/2035
<br /> End of
<br /> Currant District
<br /> Cumulative Projected I Fund 491•492: Total TIF District 031 1
<br /> Origins) Modified Actual Projected
<br /> Budget Budget Total 2026 2027 2028 2029 2030 2031 2032 2233 2034 2022
<br /> Beginning Fund Balance (22.3;3.25I.1 ,,__.195,407 117,67c,£1B) ,; .451,830) (47,553.7281 16,2,058,086) (58,534,351, -.._-<266) 3,3.667 (:5,213,56et
<br /> Revenues
<br /> Tax increment 23,500,000 58,200,000 8,054,070 321,901 321,901 321,901 321,901 321,901 321,901 321,901 321,901 321,901 321,901
<br /> MVHC 0 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Investment Earrings 750,000 1,026,000 (20,434.548) (869,378) (995,862) (1,130,118) (1,273,555) (1,426,912) (1,591.743) (1,765,031) (1,956,668) (2,120,501) (2,256,596)
<br /> Bond Proceeds 8,000,000 21,125,000 17,261,862 0 0 0 0 0 0 0 0 0 0
<br /> Loan Proceeds 0 0 11,951,940 0 0 0 0 0 0 0 0 0 0
<br /> Special Asessmente 0 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Sales/Leaee Proceeds 5,500,000 18,660,000 2,639,372 0 0 0 0 0 0 0 0 0 0
<br /> Loon/Advance Repayments 0 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Grants 0 1,000,000 5,133,938 0 0 0 0 0 0 0 0 0 0
<br /> Other: Plan Deposit 0 0 2,605 0 0 0 0 0 0 0 0 0 0
<br /> Other: Sale of Aggregate 0 750,000 202,695 0 0 0 0 0 0 0 0 0 0
<br /> Transfer In 0 1,200,000 20,658,111 0 0 0 0 0 0 0 0 0 0
<br /> Total Revenues 37,750,000 101,961,000 44,470,045 (547.477) (673,3611 (803.217) 1951,654) 0,105.011) 11,269,342) (1.444,1301 (1,634,767) 11.703,600) (1,934,695)
<br /> Expenditures
<br /> Landlbullding acquisition 9,000,000 28,400,000 34,474,787 0 0 0 0 0 0 0 0 0 0
<br /> Site Improvements 2,500,000 10,300,000 5,671,556 0 0 0 0 0 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 /> Streets&sidewalks 1,000,000 2,300,000 0 0 0 0 0 0 0 0 0 0 0
<br /> Bond
<br /> Principal 8,000,000 21,125,000 32,668,950 1,872,750 1,929,900 2,017,500 2,110,800 2,238,450 2,344,800 2,459,400 1,278,900 0 0
<br /> Interest 6,000,000 19,040,000 21,834,683 726,188 632,965 538,108 440,806 337,782 228,734 114,447 27,976 0 0
<br /> Loan
<br /> Principal 0 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Interest 7,150,000 11,676,000 25,835,684 1,047,203 1,215,849 1,394,857 1,586,105 1,790,582 2,010,356 2,245,406 2,496,923 2,715,367 2,896,827
<br /> Admin 2,350,000 5,820,000 1,843,504 22,533 22,533 22,533 22,533 22,533 22,533 22,533 22,533 22,533 22,533
<br /> County Admin 0 0 6,823 0 0 0 0 0 0 0 0 0 0
<br /> Other:Total 0 0 2,374,417 0 0 0 0 0 0 0 0 0 0
<br /> Transfer out 0 0 833,561 0 0 0 0 0 0 0 0 0 0
<br /> Total Expenditures 37,500,000 101,961,000 125,643,966 3.668,674 3,501,247 3,1171998 4.160.241 4,3119.347 4.606.423 4,541.7S0 3.1126,332 2.737.900 1919.360
<br /> Projected Ending Fund Balance 00,073,521) (33,185.407) (37,670.615) (42451.8301 (47.563.72*) (53.058.086) (58,934,351) (65.222.266) (70,683,366) (75,219,866) (80,073.921)
<br /> Beginning Cede Balance 0 0 0 0 0 0 0 0 0 0
<br /> Net Reveneus less Expenditures (4 216,151) (4,475,208) (4,751 2161 (5,111,895) (5,494,355) (5,876,265) (6,287,916) (5,461 099) (4,536,500) (4,85'
<br /> InterMto Loan Pnrx:rpa4 4,216,151 4,475,208 4,781,216 5,111,898 5,494,358 5,876,265 6,287,916 5,461,099 4,536,500 4,854,055
<br /> Changes in Balance Sheet 0 0 0 0 0 0 0 0 0 C
<br /> Ending Cash Balance 0 0 0 0 0 0 0 0 0 0 0
<br /> w Management Review&Analysis-Tax Increment Financing Districts February 2012
<br /> ;� I, New Brighton, Minnesota Page 193
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