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City of New Brighton Recommendations:
<br /> Fund Balance Analysis 1) This district eunnerdy hes a zero sash boluses. District does have an IFL for cash flow issues
<br /> T1F 32 Northwest Quadrant(East Side) 2) Budget Medileatlen: Not Resommendsd.
<br /> 3) All HIS properties currently exempt guru Pay 2011.
<br /> 4) District should refrain from Margin.any adman to this district unless additional inurement la generated.
<br /> General TIF District information 2006 Law.
<br /> Orlparl I Modaic.tbn Ch.366 itemsOublending:
<br /> Distnct Type Redmalopment 1) PAYGo Schedule for John Alan Miller
<br /> Protect Area
<br /> City spproled 12/13/2005 Special Consideration:
<br /> Cat Request 6/14/2006 1) 1998 Session Laws,Ch.399,See,24-District Crealion
<br /> Certified 4/19.2007 2) 2008 Seaton Lewis,Ch.399,See.24-Allows pooling from TIF p,TIF 820,&TIP e29
<br /> Deceilifes 12/33012032 12/31/2036
<br /> End of
<br /> Current District
<br /> Cumulative Projected Acetd for Fund 493 3 4114:Total TIF Distnct 1132
<br /> Original Modified Actual In Prior Actual Actual Actual Actual Protected
<br /> Budget Budget Total Years 2007 2004 2009 2010 2011 2012 2013 2014 2016 2016
<br /> Beginning Fund Balance 0 (60:,,218) (1.474,359) (2.618.381) )4115v,800) (4,433,418) 14.65?,7351 (4.8b3.101' )5.185.428, (5.456.b58i (5.78:.1041
<br /> Revenues
<br /> Tax increment 60,000,000 64,1300,000 6,245,523 0 19,021 0 117,211 267,553 223,913 223,913 223,913 223,913 223,913 223,913
<br /> MVHC 0 0 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Investment Earnings 1,000,000 1,048,000 (8,497,900) (1.688) (67,939) (12,682) (21,624) (2,356) (133,003) 139,732) (146,799) (154,975) (163,706) (173,493)
<br /> Bond Proceeds 20,500,000 23,375,000 9,273,334 9,273,334 0 0 0 0 0 0 0 0 0 0
<br /> Loan Proceeds 0 0 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Special Amassment, 0 0 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Sales/Lass Proceeds 5,428,000 5,428,000 1,634,377 11,540 1,570,038 44,342 7,457 1,000 0 0 0 0 0 0
<br /> Lo■n/Adva nee Repayments 0 0 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Grants 4,600,000 4,600,000 4,894,446 121,794 0 1,535,046 2,656,063 581,503 0 0 0 0 0 0
<br /> Other: Refund from AAA Cooper 0 0 40,955 0 40,955 0 0 0 0 0 0 0 0 0
<br /> Transfer In 0 0 2,364,316 0 159,836 1,318.547 0 885.933 0 0 0 0 0 0
<br /> Total Revenues 91,525,000 59,261,000 15,955,051 9.404,930 1.721,911 2.885,213 2.7E9.107 1,763.633 90.910 54.151 77.114 66.838 60.207 60.420
<br /> Expenditures
<br /> Land/building acquisition 11,900,000 11,900,000 3,571,029 779,967 1,795,590 2,740 469,436 524,196 0 0 0 0 0 0
<br /> Site Improvements 0 8,600,000 7,482,380 102,624 95,835 2,521,031 4,367,714 395,176 0 0 0 0 0 0
<br /> Public utilities 3,700,000 3,700,000 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Public parsing facilities 8,900,000 8,900,000 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Streetsiddewalks 2,800,000 2,800,000 0 0 0 0 0 0 0 0 0 0 0 0
<br /> Bond
<br /> Principal 20,500,000 23,375,000 2,766,050 0 0 0 0 0 0 0 25,650 29,500 48,250 100,800
<br /> interest 19,200,000 20,210,000 1,636,979 0 0 0 0 6,021 123,134 123,134 122,609 121,465 119,845 116,789
<br /> Loan
<br /> Principal 0 0 0 0 0 0 0 0 0 0 0 0 0 0
<br /> interest 11,800,000 12,810,000 11,174,007 96,570 28,819 75,776 96,897 196,845 176,420 180,941 105,703 193,324 202,692 214,335
<br /> Admin 6,000,000 6,460,000 1,292,932 164,762 220,804 212,960 152,941 113,943 15,674 15,674 15,674 15,674 15,674 15,674
<br /> County Admin 0 0 4,608 0 0 0 3,738 870 0 0 0 0 0 0
<br /> Other: Engineering 476,000 476,000 1,039,758 153,895 250,446 635,417 0 0 0 0 0 0 0 0
<br /> Other: Architect 0 1,568 0 1.568 0 0 0 0 0 0 0 0 0
<br /> Transfer out 0 9.471,761 8,890,380 0 581,381 0 0 0 C C 0 C C
<br /> Total Expenditures 56,275.000 *9.251.000 38.641,972 10,205,198 2,393,062 4,029,305 6.090,724 1,237,061 315,226 319,749 343,636 359,953 395,451 447,6115
<br /> Projected Ending Fund Balance 122.686.821) (803.2181 (1,474.3431 (2.618.381) (4,350,000) (4,433,415) (4,657,735) (4,893,3031 (6,165,326) (6,456,360) (6,753,104) (6,160.28.21
<br /> Beginning Cash Balance 0 0 9,107 0 (0) 0 0 0 0 0 0
<br /> Net Rewneus less Expenditures (803 218) (671,151) (1,144,012) (2,331 619) 516,582 (135,649) (141,527) (196,382) (234,189) (291,077) (356,652)
<br /> Interfund Loan Principal 587,470 1,193,231 548,113 2,519,564 (488,836) 135,649 141,527 196,382 234,189 291,077 386,652
<br /> Changes in Balance Sheet 215,748 (512.973: 586.792 = 27.74E4 C 0 0 0 0 0
<br /> Ending Cash Balance 0 0 9,107 0 v u 0 u - a
<br /> Management Review&Analysis-Tax Increment Financing Districts February 2012
<br /> New Brighton, Minnesota Page 203
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