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6. Summary of Individual Tax Increment Financing Districts 38 38 City of New Brighton, MinnesotaTax Increment Financing (Redevelopment) District No. 32North Quadrant East SidePrior Years CurrentRevenues 2020 & Prior 2021 2022 2023 2024 2025-2036Accumulated Admin Expenses 7,927,600 2,292,001 2,292,001 2,292,001 2,292,001 2,292,001 2,292,001 Accumulated Total Revenues 79,276,000 4,564,631 5,428,602 6,156,423 7,023,635 7,934,207 23,152,586 Allowable Admin 10% 50.2% 42.2% 37.2% 32.6% 28.9% 9.9%Pooling CalculationPrior Years CurrentProjected Total Pooling 2020 & Prior 2021 2022 2023 2024 2025-2036Step 1:Cumulative Tax Increment - 22,863,218 4,276,958 4,276,958 5,138,564 5,867,056 6,734,267 6,734,267 Current Year - - 861,606 728,492 867,212 910,572 16,128,951 Total - 22,863,218 4,276,958 5,138,564 5,867,056 6,734,267 7,644,839 22,863,218 Step 2:In-District Expenditures 75% 26,076,066 26,076,066 26,676,759 27,086,516 27,341,789 27,341,789 Current Year- 600,692 409,757 255,274 232,687 999,666 Total 28,341,455 26,076,066 26,676,759 27,086,516 27,341,789 27,574,476 28,341,455 Maximum Allowable Expenses 37,788,607 34,768,089 35,569,011 36,115,354 36,455,719 36,765,968 37,788,607 Return to CountyAnnual Qualifying Costs 25% 5,715,805 1,069,240 215,401 182,123 216,803 227,643 3,804,595 Less: Out-of-district spendingAdmin (2,292,002) (222) - 1,145 - - - Transfers Out - Cumulative Available Amount for Pooling 3,423,803 1,069,018 215,401 183,268 216,803 227,643 3,804,595 Ending Cash Balance - - - - - 8,813,036 Available for Pooling (lesser of cash balance or cumulative pooling amount) - - - - - 3,423,803 ProjectedAdministrative Expenditures (MN Statutes 469.176, Subd. 3)Projected
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