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2012 Budget Summary
<br />2008 2009 2010 2011 2012 Change from 2011
<br />Actual Actual Actual Budget Request Dollar Percent
<br />TIF # 1 (Fund 410):
<br />Revenues
<br />3101 Tax collections 1,200,245 1,493,611 1,632,309 1,434,611 1,687,621 253,010 17.64%
<br />3101 Tax collections - Mermaid 166,058 156,520 - - 0.00%
<br />3102 Taxes - delinquent (113) - 0.00%
<br />3103 Market value credit 951 1,022 1,130 - 0.00%
<br />3610 Investment income 102,265 41,887 6,183 14,000 10,000 (4,000) -28.57%
<br />3972 Transfer from other funds 40,747 - - 0.00%
<br /> Total revenue 1,510,266 1,693,040 1,639,509 1,448,611 1,697,621 249,010 17.19%
<br />Operating expenses (4650):
<br />Contractual services
<br />3030 Other professional 3,463 2,212 2,818 2,000 4,000 2,000 100.00%
<br />5220 Highway 10 redevelopment 100,168 20,261 1,200 375,000 (375,000) -100.00%
<br />7050 Construction 276,499 3,664,138 653,111 1,829,287 1,504,027 (325,260) -17.78%
<br />8010 Developer PAG, principal 279,438 - 0.00%
<br />9900 Transfers out to EDA 171,262 24,634 24,660 107,139 109,675 2,536 2.37%
<br />9900 Transfers out to other funds - - - - - 0.00%
<br />Total contractual services 551,392 3,711,245 961,226 2,313,426 1,617,702 (695,724) -30.07%
<br />Net change in fund balance 958,874 (2,018,205) 678,283 (864,815) 79,919 944,734 -109.24%
<br />Fund balance, beginning year 1,646,368 2,605,242 587,037 1,265,320 400,505 (864,815) -68.35%
<br />Fund balance, end of year 2,605,242 587,037 1,265,320 400,505 480,424 79,919 19.95%
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