FY24 Adopted Budget

City-University Project I (2603) Fund Summary

2020

2021

2022

2023

2024

2025

Actual

Actual

Actual

Revised

Budget

Projected

Fund Balance, July 1

$

(15,469)

$ (586,726) $

238,918 $

89,113 $

89,113 $

115,863

Revenues:

Other City Taxes TIF Revenues

$ 2,163,364 2,064,940 $ $ 3,190,434 3,072,887 $ $ 2,999,395 $ 3,325,738

Use Of Money And Property Interest Revenues

45,238

8,734

-

-

-

-

Intergovernmental

Property Tax Credits

-

32,561

43,812

-

-

-

Transfers In:

Transfers In

153,693

51,716

243,891

154,000

259,100

259,100

Total Revenues

$ 2,362,295 2,157,952 $ $ 3,478,137 3,226,887 $ $ 3,258,495 $ 3,584,838

Expenditures:

TIF Rebate

$ 1,289,291 $

699,472 $ 2,062,343 1,668,574 $ $ 1,773,674 $ 1,773,674

Transfers Out:

TIF Debt Transfers Out

$ 1,644,260 $

632,837 $ 1,565,599 1,558,313 $ $ 1,458,071 $ 1,811,164

Total Transfers Out

$ 2,933,551 1,332,308 $ $ 3,627,942 3,226,887 $ $ 3,231,745 $ 3,584,838

Fund Balance, June 30

$ (586,726) $

238,918

$

89,113

$

89,113 $

115,863 $

115,863

Restricted / Committed /Assigned

-

-

-

-

-

-

Unassigned Balance

$ (586,726) $

238,918

$

89,113

$

89,113 $

115,863 $

115,863

Sycamore & 1st Avenue (2604)

Fund Summary

2020

2021

2022

2023

2024

2025

Actual

Actual

Actual

Revised

Budget

Projected

Fund Balance, July 1

$

945,388 1,318,818 $ $ 1,159,892 $

959,892

$

-

$

-

Revenues:

Other City Taxes TIF Revenues

$

532,339

$

1,316

$

-

$

-

$

149

$

-

Total Revenues

$

532,339

$

1,316

$

-

$

-

$

149

$

-

Expenditures:

TIF Rebate

$

-

$

-

$

200,000 $

959,892

$

-

$

-

Transfers Out:

TIF Debt Transfers Out

158,909

160,242

-

-

149

-

Total Expenditures & Transfers Out

$

158,909 $

160,242 $

200,000 $

959,892

$

149

$

-

Fund Balance, June 30

$ 1,318,818 1,159,892 $ $

959,892

$

- - -

$

- - -

$

- - -

Restricted / Committed /Assigned

-

-

-

Unassigned Balance

$ 1,318,818 1,159,892 $ $

959,892

$

$

$

412