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5. Assumptions <br /> V <br /> Many assumptions were utilized to prepare the projections and analysis as included within this report. <br /> • Fund balances shown are based on amounts as provided for December 31, 2020. <br /> • Pay 2021 and future tax increment revenues are based upon tax increment calculations, assuming 100% collections, as provided <br /> by Ramsey County property tax records. <br /> • Projected revenues do not account for additional development or inflation of existing values. <br /> • Projected revenues also do not account for decreases or increases in the tax rate or inflationary changes on taxable value. <br /> • Interest revenue is projected individually for each district based on beginning fund balance assuming 1% rate. <br /> • Interfund loan interest payments are based on individual district assumptions that include 4% of unpaid principal balance. <br /> 16 <br />