FY26 Proposed Budget

City-University Project I (2603) Fund Summary

2023

2024

2025

2025

2026

2027

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$

89,113

$

123,849

$

50,599

$

364,605

$

464,605

$

314,605

Revenues:

Other City Taxes TIF Revenues

3,061,131 3,205,160

3,639,600 3,639,600

3,611,100

3,857,500

Use Of Money And Property Interest Revenues

48,693

75,564

-

-

-

-

Intergovernmental

Property Tax Credits

2,497

1,872

-

-

-

-

Transfers In:

Transfers In

80,601

158,943

150,000

150,000

156,400

156,400

Total Revenues

$ 3,192,922 3,441,539 $

$ 3,789,600 3,789,600 $

$ 3,767,500

$ 4,013,900

Expenditures:

TIF Rebate

1,592,349 1,742,690

2,378,200 2,378,200

2,548,100

2,541,700

Transfers Out:

TIF Debt Transfers Out

1,565,837 1,458,093

1,311,400 1,311,400

1,369,400

1,465,800

Total Transfers Out

$ 3,158,186 3,200,783 $

$ 3,689,600 3,689,600 $

$ 3,917,500

$ 4,007,500

Fund Balance, June 30

$

123,849

$

364,605

$

150,599

$

464,605

$

314,605

$

321,005

Restricted / Committed /Assigned

-

-

-

-

-

-

Unassigned Balance

$

123,849

$

364,605

$

150,599

$

464,605

$

314,605

$

321,005

Sycamore & 1st Avenue (2604)

Fund Summary

2023

2024

2025

2025

2026

2027

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$

959,892

$

-

$

-

$

6

$

6

$

6

Revenues:

Other City Taxes TIF Revenues

-

155

-

-

-

-

Total Revenues

$

-

$

155

$

-

$

-

$

-

$

-

Expenditures:

TIF Rebate

959,892

-

-

-

-

-

Transfers Out:

TIF Debt Transfers Out

-

149

-

-

-

-

Total Expenditures & Transfers Out

$

959,892

$

149

$

-

$

-

$

-

$

-

Fund Balance, June 30

$

-

$

6

$

-

$

6

$

6

$

6

Restricted / Committed /Assigned

- -

-

- -

-

-

-

Unassigned Balance

$

$

6

$

$

6

$

6

$

6

407