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6. Summary of Individual Tax Increment Financing Districts 44 44 City of New Brighton, MinnesotaTax Increment Financing (Redevelopment) District No. 33Marv's Transmission SitePrior Years Current ProjectedRevenues2020 & Prior 2021 2022 2023 2024 2025-2033Accumulated Admin Expenses 88,750 44,192 43,856 43,856 43,856 43,856 43,856 Accumulated Total Revenues 887,500 216,714 239,867 261,809 283,752 305,695 503,179 Allowable Admin 10% 20.4% 18.3% 16.8% 15.5% 14.3% 8.7%Pooling CalculationPrior Years Current Projected2020 & Prior 2021 2022 2023 2024 2025-2033Step 1:Cumulative Tax Increment - 476,595 211,302 211,302 234,177 256,188 275,685 275,685 Current Year - 22,875 22,011 19,497 19,590 200,909 Total - 476,595 211,302 234,177 256,188 275,685 295,275 476,595 Step 2:In-District Expenditures 75% 608,993 608,993 620,227 630,845 641,084 641,084 Current Year11,234 10,618 10,239 9,869 78,640 Total 719,725 608,993 620,227 630,845 641,084 650,953 719,725 Maximum Allowable Expenses 959,633 811,991 826,969 841,127 854,779 867,937 959,633 Return to CountyAnnual Qualifying Costs 25% 119,149 52,826 5,719 5,503 4,874 4,897 45,330 Less: Out-of-district spendingAdmin (43,856) (44,192) 336 - - - (43,856) Transfers Out - Cumulative Available Amount for Pooling 75,293 8,634 6,054 5,503 4,874 4,897 1,474 Ending Cash Balance - - - - - (113,026)Available for Pooling (lesser of cash balance or cumulative pooling amount) - - - - - - Projected TotalAdministrative Expenditures (MN Statutes 469.176, Subd. 3)
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