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2013 Budget Summary
<br />Y-T-D
<br />2009 2010 2011 2012 07/31/12 2013 Change from 2012
<br />Actual Actual Actual Budget Actual Request Dollar Percent
<br />TIF # 1 (Fund 410):
<br />Revenues
<br />3101 Tax collections 1,493,611 1,632,309 1,946,350 1,687,621 880,759 1,687,621 - 0.00%
<br />3101 Tax collections - Mermaid 156,520 - - - - 0.00%
<br />3102 Taxes - delinquent (113) (316,204) (54,487) - 0.00%
<br />3103 Market value credit 1,022 1,130 - 0.00%
<br />3610 Investment income 41,887 6,183 22,568 10,000 (5,912) 6,000 (4,000) -40.00%
<br />3972 Transfer from other funds - - 0.00%
<br /> Total revenue 1,693,040 1,639,509 1,652,714 1,697,621 820,360 1,693,621 (4,000) -0.24%
<br />Operating expenses (4650):
<br />Contractual services
<br />3030 Other professional 2,212 2,818 3,846 4,000 4,000 - 0.00%
<br />4750 Property taxes (532) - 0.00%
<br />5220 Highway 10 redevelopment 20,261 1,200 - 30,000 30,000 #DIV/0!
<br />7050 Construction 3,664,138 653,111 2,169,844 1,504,027 1,205,285 2,340,490 836,463 55.61%
<br />8010 Developer PAG, principal 279,438 - 0.00%
<br />9900 Transfers out to EDA 24,634 24,660 35,893 109,675 - 107,501 (2,174) -1.98%
<br />9900 Transfers out to other funds - - - - - 0.00%
<br />Total contractual services 3,711,245 961,226 2,209,583 1,617,702 1,204,753 2,481,991 864,289 53.43%
<br />Net change in fund balance ########678,283 (556,868) 79,919 (384,393) (788,370) (868,289) -1086.46%
<br />Fund balance, beginning year 2,605,242 587,037 1,265,320 708,451 708,451 788,370 79,919 11.28%
<br />Fund balance, end of year 587,037 1,265,320 708,451 788,370 324,058 0 (788,370) -100.00%
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