FY26 Proposed Budget

Tax Increment Financing (2601 - 2616) Fund Summary

2023

2024

2025

2025

2026

2027

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$

811,156

$

186,089

$

481,172

$

867,240

$ 1,058,740

$ 1,035,140

Revenues:

Other City Taxes TIF Revenues

4,093,617 4,324,294

4,388,100 4,388,100

4,166,800

4,412,600

Use Of Money And Property Interest Revenues

58,129

90,876

-

-

-

-

Intergovernmental

Property Tax Credits

2,903

2,177

-

-

-

-

Sub-Total Revenues

4,154,649 4,417,347

4,388,100 4,388,100

4,166,800

4,412,600

Transfers In:

Transfers In

80,601

158,943

150,000

150,000

156,400

156,400

Sub-Total Transfers In

80,601

158,943

150,000

150,000

156,400

156,400

Total Revenues & Transfers In

$ 4,235,250 4,576,290 $

$ 4,538,100 4,538,100 $

$ 4,323,200

$ 4,569,000

Expenditures By Urban Renewal Area: City-University I

1,592,349 1,742,690

2,378,200 2,378,200

2,548,100

2,541,700

Sycamore & 1st Ave

959,892

-

-

-

-

-

Heinz Road

71,253

-

-

34,800

-

-

Riverside Drive

246,670

259,775

194,500

194,500

-

-

Foster Road

143,724

158,854

154,300

154,300

154,500

154,500

Sub-Total Expenditures

3,013,888 2,161,319

2,727,000 2,761,800

2,702,600

2,696,200

Transfers Out:

TIF Debt Transfers Out

1,846,429 1,733,820

1,584,800 1,584,800

1,644,200

1,740,000

Sub-Total Transfers Out

1,846,429 1,733,820

1,584,800 1,584,800

1,644,200

1,740,000

Total Expenditures & Transfers Out

$ 4,860,317 3,895,139 $

$ 4,311,800 4,346,600 $

$ 4,346,800

$ 4,436,200

Fund Balance, June 30

186,089

867,240

707,472 1,058,740

1,035,140

1,167,940

Restricted / Committed /Assigned

295,329

444,731 422,508

547,759 159,713

571,031 487,708

697,431 337,708

823,831 344,108

Unassigned Balance

$ (109,241) $

$

$

$

$

% of Revenues & Transfers In

-3%

9%

4%

11%

8%

8%

406