FY25 Proposed Budget

Riverside Drive (2615) Fund Summary

2022

2023

2024

2024

2025

2026

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$

49,151

$

54,423 $

54,423 $

62,705 $

55,255 $

55,255

Revenues:

Other City Taxes TIF Revenues

$

429,323 $

407,454 $

417,578 $

417,719 $

355,500 $

161,800

Use Of Money And Property Interest Revenues

-

7,604

-

-

-

-

Total Revenues

$

429,323 $

415,058 $

417,578 $

417,719 $

355,500 $

161,800

Expenditures:

TIF Rebate

$

263,387 $

246,670 $

264,196 $

264,196 $

194,500

$

-

Transfers Out:

TIF Debt Transfers Out

160,664

160,106

160,973

160,973

161,000

161,800

Total Expenditures & Transfers Out

$

424,051 $

406,776 $

425,169 $

425,169 $

355,500 $

161,800

Fund Balance, June 30

$

54,423 47,651

$

62,705 $

46,832 $

55,255 $

55,255 $

55,255 47,651

Restricted / Committed /Assigned

47,651 15,054

47,651

47,651

47,651

Unassigned Balance

$

6,772

$

$

(819)

$

7,604

$

7,604

$

7,604

Foster Road (2616) Fund Summary

2022

2023

2024

2024

2025

2026

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$

-

$ 123,055 $

240,087 $

247,678 $

373,808 $

500,108

Revenues:

Other City Taxes TIF Revenues

$

273,456 $

261,317 $

280,290 $

280,290 $

280,600 $

280,600

Use Of Money And Property Interest Revenues

-

7,369

-

-

-

-

Total Revenues

$

273,456 $

268,686 $

280,290 $

280,290 $

280,600 $

280,600

Expenditures:

TIF Rebate

$

135,977 $

143,724 $

154,160 $

154,160 $

154,300 $

154,300

Transfers Out:

TIF Debt Transfers Out

14,424

339

-

-

-

-

Total Expenditures & Transfers Out

$

150,401 $

144,063 $

154,160 $

154,160 $

154,300 $

154,300

Fund Balance, June 30

$

123,055 $

247,678 $

366,218 $

373,808 $

500,108 $

626,408 626,408

Restricted / Committed /Assigned

123,055

247,678

366,218

373,808

500,108

Unassigned Balance

$

-

$

-

$

-

$

-

$

-

$

-

408