FY2022

Tax Increment Financing (2601 - 2616) Fund Summary

2019

2020

2021

2022

2023

2018

Actual

Actual

Actual

Revised

Budget

Projected

Fund Balance, July 1

1,224,381 $

$

482,246

1,525,593 $

$

977,949

$

783,349

1,161,129 $

Revenues:

Other City Taxes TIF Revenues

4,125,528 $

2,459,216 $

2,564,840 $

3,434,710 $

2,593,203 $

3,993,833 $

Use Of Money And Property Interest Revenues

-

14,512

33,811

45,238

15,000

-

Sub-Total Revenues

4,125,528

2,473,728

2,598,651

3,479,948

2,608,203

3,993,833

Transfers In:

154,000 154,000

Transfers In

59,834 59,834

175,780 175,780

153,693 153,693

84,415 84,415

165,000 165,000

Sub-Total Transfers In

Total Revenues & Transfers In

4,279,528 $

2,533,563 $

2,774,431 $

3,633,641 $

2,692,618 $

4,158,833 $

Expenditures By Urban Renewal Area: City-University I

1,754,762 $

1,813,785 $

$

107,617 250,000 34,506

$

168,832

1,289,291 $

$

905,298

250,000 256,501 228,248

Sycamore & 1st Ave

-

-

-

250,000 264,196 183,151

Riverside Drive

249,474

256,501

254,146

Foster Road

-

-

-

-

Sub-Total Expenditures

2,489,511

392,130

418,306

1,545,792

1,159,444

2,511,132

Transfers Out:

1,853,269 1,853,269

TIF Debt Transfers Out Sub-Total Transfers Out

1,098,086 1,098,086

2,903,769 2,903,769

2,282,448 2,282,448

1,092,142 1,092,142

1,742,473 1,742,473

Total Expenditures & Transfers Out

4,342,780 $

1,490,217 $

3,322,075 $

3,828,241 $

2,251,586 $

4,253,605 $

Fund Balance, June 30

1,161,129 $

1,525,593 $

$

977,949 945,388 32,561

$

783,349

1,224,381 $

1,066,357 $

797,651 363,478

Restricted / Committed /Assigned

574,271 951,322

1,297,651 (514,302)

1,047,651

547,651 518,706

Unassigned Balance

$

$

$

$

$

176,730

$

% of Revenues & Transfers In

8%

38%

1%

-14%

7%

12%

Starting in fiscal year 2018 activity moved from Neighborhood and Development Services Department to Finance Department

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