FY25 Proposed Budget

City-University Project I (2603) Fund Summary

2022

2023

2024

2024

2025

2026

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$

238,918 $

89,113 $

89,113 $

123,849 $

50,599 $

150,599

Revenues:

Other City Taxes TIF Revenues

$ 3,190,434 3,061,131 $ $ 2,999,395 2,999,395 $ $ 3,639,600 $ 3,997,500

Use Of Money And Property Interest Revenues

-

48,693

-

-

-

-

Intergovernmental

Property Tax Credits

43,812

2,497

-

-

-

-

Transfers In:

Transfers In

243,891

80,601

259,100

259,100

150,000

150,000

Total Revenues

$ 3,478,137 3,192,922 $ $ 3,258,495 3,258,495 $ $ 3,789,600 $ 4,147,500

Expenditures:

TIF Rebate

$ 2,062,343 1,592,349 $ $ 1,773,674 1,873,674 $ $ 2,378,200 $ 2,428,200

Transfers Out:

TIF Debt Transfers Out

$ 1,565,599 1,565,837 $ $ 1,458,071 1,458,071 $ $ 1,311,400 $ 1,719,300

Total Transfers Out

$ 3,627,942 3,158,186 $ $ 3,231,745 3,331,745 $ $ 3,689,600 $ 4,147,500

Fund Balance, June 30

$

89,113

$

123,849 $

115,863 $

50,599 $

150,599 $

150,599

Restricted / Committed /Assigned

-

-

-

-

-

-

Unassigned Balance

$

89,113

$

123,849 $

115,863 $

50,599 $

150,599 $

150,599

Sycamore & 1st Avenue (2604)

Fund Summary

2022

2023

2024

2024

2025

2026

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$ 1,159,892 $

959,892

$

-

$

-

$

-

$

-

Revenues:

Other City Taxes TIF Revenues

$

-

$

-

$

149

$

149

$

-

$

-

Total Revenues

$

-

$

-

$

149

$

149

$

-

$

-

Expenditures:

TIF Rebate

$

200,000 $

959,892

$

-

$

-

$

-

$

-

Transfers Out:

TIF Debt Transfers Out

-

-

149

149

-

-

Total Expenditures & Transfers Out

$

200,000 $

959,892

$

149

$

149

$

-

$

-

Fund Balance, June 30

$

959,892

$

-

$

- - -

$

-

$

- - -

$

- - -

Restricted / Committed /Assigned

-

Unassigned Balance

$

959,892

$

-

$

$

-

$

$

405