FY27 Proposed Budget

Tax Increment Financing (2601 - 2616) Fund Summary

2024

2025

2026

2026

2027

2028

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$

186,089 $

867,240 1,058,740 $ $ 1,187,709 $ 1,024,009 $ 1,352,509

Revenues:

Other City Taxes TIF Revenues

4,304,864 4,591,299

4,166,800 4,176,700

4,609,100

3,858,454

Use Of Money And Property Interest Revenues

110,306

56,234

-

-

-

-

Intergovernmental

Property Tax Credits

2,177

1,451

-

-

-

-

Sub-Total Revenues

4,417,347 4,648,984

4,166,800 4,176,700

4,609,100

3,858,454

Transfers In:

Transfers In

158,943 158,943

182,620 182,620

156,400 156,400

156,400 156,400

190,000 190,000

190,000 190,000

Sub-Total Transfers In

Total Revenues & Transfers In

$ 4,576,290 4,831,604 $ $ 4,323,200 4,333,100 $ $ 4,799,100 $ 4,048,454

Expenditures By Urban Renewal Area: City-University I

1,742,690 2,528,122

2,548,100 2,658,000

2,575,100

2,331,000

Sycamore & 1st Ave

- -

6

- - -

- -

- - -

- - -

Heinz Road

34,791 201,991 161,334

Riverside Drive

259,775 158,854

40,100 154,500

Foster Road

154,500

154,500

154,500

Sub-Total Expenditures

2,161,319 2,926,244

2,702,600 2,852,600

2,729,600

2,485,500

Transfers Out:

TIF Debt Transfers Out Sub-Total Transfers Out

1,733,820 1,584,891 1,733,820 1,584,891

1,644,200 1,644,200 1,644,200 1,644,200

1,741,000 1,741,000

1,356,900 1,356,900

Total Expenditures & Transfers Out

$ 3,895,139 4,511,135 $ $ 4,346,800 4,496,800 $ $ 4,470,600 $ 3,842,400

Fund Balance, June 30

867,240 1,187,709

1,035,140 1,024,009

1,352,509

1,558,563

Restricted / Committed /Assigned

444,731

592,878

697,431

679,178

805,578

931,978 626,584

Unassigned Balance

$

422,508 $

594,830 $

337,708 $

344,830 $

546,930 $

% of Revenues & Transfers In

9%

12%

8%

8%

11%

15%

365