FY27 Proposed Budget

Riverside Drive (2615) Fund Summary

2024

2025

2026

2026

2027

2028

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$

62,705 $

74,007 $

74,007 $

77,446 $

37,346 $

37,346

Revenues:

Other City Taxes TIF Revenues

419,300

360,155

162,400

162,400

162,800

125,954

Use Of Money And Property Interest Revenues

12,808

6,306

-

-

-

-

Total Revenues

$

432,108 $

366,461 $

162,400 $

162,400 $

162,800 $

125,954

Expenditures:

TIF Rebate

259,775

201,991

-

40,100

-

-

Transfers Out:

TIF Debt Transfers Out

161,031

161,031

162,400

162,400

162,800

163,300

Total Expenditures & Transfers Out

$

420,806 $

363,022 $

162,400 $

202,500 $

162,800 $

163,300

Fund Balance, June 30

74,007 47,651

77,446 40,100

74,007 47,651

37,346

37,346

- - -

Restricted / Committed /Assigned

-

-

Unassigned Balance

$

26,356 $

37,346 $

26,356 $

37,346 $

37,346

$

Foster Road (2616) Fund Summary

2024

2025

2026

2026

2027

2028

Actual

Actual

Budget

Revised

Budget

Projected

Fund Balance, July 1

$

247,678 $

397,080 $

523,380 $

552,778 $

679,178 $

805,578

Revenues:

Other City Taxes TIF Revenues

288,826

293,335

280,900

280,900

280,900

280,900

Use Of Money And Property Interest Revenues

19,430

23,697

-

-

-

-

Total Revenues

$

308,256 $

317,032 $

280,900 $

280,900 $

280,900 $

280,900

Expenditures:

TIF Rebate

158,854

161,334

154,500

154,500

154,500

154,500

Total Expenditures & Transfers Out

$

158,854 $

161,334 $

154,500 $

154,500 $

154,500 $

154,500

Fund Balance, June 30

397,080 397,080

552,778 552,778

649,780 649,780

679,178 679,178

805,578 805,578

931,978 931,978

Restricted / Committed /Assigned

Unassigned Balance

$

-

$

-

$

-

$

-

$

-

$

-

369