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,74 6. Summary of Individual Tax Increment Financing Districts
<br /> V
<br /> City of New Brighton, Minnesota
<br /> Tax Increment Financing(Redevelopment)District No.27
<br /> Ken's Market
<br /> Administrative Expenses Limit Test MN Statutes 469.176 Subd.3 Prior Years Current Projected
<br /> Expenses 2017&Prior 2018 2019 2020 2021-2026
<br /> Accumulated Admin Expenses 176,000 50,734 52,434 52,434 59,434 59,434
<br /> Accumulated Total Expenses 1,760,000 582,137 588,141 593,188 597,113 602,162
<br /> Allowable Admin 10% 8.7% 8.9% 8.8% 10.0% 9.9%
<br /> tooling Calculation Current Actual Projected
<br /> Projected Total
<br /> Pooling 2017&Prior 2018 2019 2020 2021-2026
<br /> Step 1: Cumulative Tax Increment - 855,852 481,240 522,616 554,880 589,254 627,491
<br /> Current Year - 41,376 32,264 34,374 38,237 228,361
<br /> Total - 855,852 522,616 554,880 589,254 627,491 855,852
<br /> Step 2: In-District Expenditures 75% 561,780 569,074 575,078 580,125 588,185
<br /> Current Year 7,294 6,004 5,047 3,925 5,963
<br /> Total 594,149 569,074 575,078 580,125 584,050 594,149
<br /> Maximum Allowable Expenses/75% 792,198 758,765 766,770 773,500 778,733 792,198
<br /> Return to County
<br /> Annual Qualifying Costs 25% 213,963 130,654 8,066 8,594 9,559 57,090
<br /> Less:Out-of-district spending
<br /> Admin (59,434) (50,734) (1,700) - (7,000) -
<br /> 2004B Bonds (39,028) (39,028)
<br /> 2012B Bonds (4,416) (4,416)
<br /> Cumulative Available Amount for Pooling 111,085 36,476 6,366 8,594 2,559 57,090
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