Master Proposed Book FY2023
Tax Increment Financing (2601 - 2616) Fund Summary
2019
2020
2021
2022
2023
2024
Actual
Actual
Actual
Revised
Budget
Projected
Fund Balance, July 1
$
(919,689)
1,525,593 $
$
977,949
$
783,349
1,421,525 $
$
(775,243)
Revenues:
Other City Taxes TIF Revenues
4,113,733 $
2,564,840 $
3,434,710 $
2,637,854 $
3,983,340 $
4,502,220 $
Use Of Money And Property Interest Revenues
-
33,811
45,238
8,734
-
-
Intergovernmental
Property Tax Credits
-
-
32,561
-
-
-
Sub-Total Revenues
4,113,733
2,598,651
3,479,948
2,679,150
3,983,340
4,502,220
Transfers In:
154,000 154,000
Transfers In
175,780 175,780
153,693 153,693
51,716 51,716
154,000 154,000
154,000 154,000
Sub-Total Transfers In
Total Revenues & Transfers In
4,267,733 $
4,656,220 $
2,774,431 $
3,633,641 $
2,730,866 $
4,137,340 $
Expenditures By Urban Renewal Area: City-University I
1,668,574 $
$
168,832
1,289,291 $
$
699,472
1,754,762 $
1,668,574 $
- -
Sycamore & 1st Ave Scott 6 Industrial
- - -
- - -
-
200,000
959,892
27,414
-
- -
208,967 264,196 143,454
Heinz Road
-
250,000 256,501 150,590
Riverside Drive
249,474
256,501
257,459
246,249 143,454
Foster Road
-
-
-
Sub-Total Expenditures
2,285,191
418,306
1,545,792
984,345
2,611,853
3,018,169
Transfers Out:
1,838,096 1,838,096
TIF Debt Transfers Out Sub-Total Transfers Out
2,903,769 2,903,769
2,282,448 2,282,448
1,108,346 1,108,346
3,866,701 3,866,701
1,730,552 1,730,552
Total Expenditures & Transfers Out
4,123,287 $
3,322,075 $
3,828,241 $
2,092,690 $ 1,421,525 $
6,478,554 $
4,748,721 $
Fund Balance, June 30
$
(775,243)
$
977,949 47,651 930,298
$
783,349 47,651 735,698
$
(919,689)
$
(867,744)
47,651
Restricted / Committed /Assigned
47,651
47,651
47,651
Unassigned Balance
$
(822,894)
$
$
1,373,874 $
$
(967,340)
$
(915,395)
%of Revenues & Transfers In
-19%
34%
20%
50%
-23%
-20%
Starting in fiscal year 2018 activity moved from Neighborhood and Development Services Department to Finance Department
410
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