FY27 Proposed Budget

City-University Project I (2603) Fund Summary

2024

2025

2026

2026

2027

2028

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$

123,849 $

364,605 $

464,605 $

552,114 $

302,114 $

504,214

Revenues:

Other City Taxes TIF Revenues

3,205,160 3,793,482

3,611,100 3,621,000

4,053,000

3,339,200

Use Of Money And Property Interest Revenues

75,564

49,683

-

-

-

-

Intergovernmental

Property Tax Credits

1,872

1,248

-

-

-

-

Transfers In:

Transfers In

158,943

182,620

156,400

156,400

190,000

190,000

Total Revenues

$ 3,441,539 4,027,033 $ $ 3,767,500 3,777,400 $ $ 4,243,000 $ 3,529,200

Expenditures:

TIF Rebate

1,742,690 2,528,122

2,548,100 2,658,000

2,575,100

2,331,000

Transfers Out:

TIF Debt Transfers Out

1,458,093 1,311,402

1,369,400 1,369,400

1,465,800

1,198,200

Total Transfers Out

$ 3,200,783 3,839,524 $ $ 3,917,500 4,027,400 $ $ 4,040,900 $ 3,529,200

Fund Balance, June 30

$

364,605 $

552,114 $

314,605 $

302,114 $

504,214 $

504,214

Restricted / Committed /Assigned

-

-

-

-

Unassigned Balance

$

364,605 $

552,114 $

314,605 $

302,114 $

504,214 $

504,214

Sycamore & 1st Avenue (2604)

Fund Summary

2024

2025

2026

2026

2027

2028

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$

-

$

6

$

6

$

-

$

-

$

-

Revenues:

Other City Taxes TIF Revenues

155

-

-

-

-

-

Total Revenues

$

155

$

-

$

-

$

-

$

-

$

-

Expenditures:

TIF Rebate

-

6

-

-

-

-

Transfers Out:

TIF Debt Transfers Out

149

-

-

-

-

-

Total Expenditures & Transfers Out

$

149

$

6

$

-

$

-

$

-

$

-

Fund Balance, June 30

$

6

$

- - -

$

6

$

- - -

$

- - -

$

- - -

Restricted / Committed /Assigned

-

-

Unassigned Balance

$

6

$

$

6

$

$

$

366