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2011 Budget Summary
<br />2007 2008 2009 2010 2011 Change from 2010
<br />Actual Actual Actual Budget Request Dollar Percent
<br />TIF # 2 (Fund 420):
<br />Revenues
<br />3101 Tax collections 148,957 128,125 143,266 151,698 154,335 2,637 1.74%
<br />3102 Tax collections - delinquent - - 1,116 - - - 0.00%
<br />3103 Market value credit 745 730 765 - - - 0.00%
<br />3610 Investment income 17,009 16,275 11,347 2,500 2,500 - 0.00%
<br />3680 Other revenue 100 25 - - - - 0.00%
<br />3972 Transfer from other funds 20,373 60,978 - - - - 0.00%
<br /> Total revenue 187,184 206,133 156,494 154,198 156,835 2,637 1.71%
<br />Operating expenses (4650):
<br />Contractual services
<br />3030 Other professional 5,311 1,375 1,240 1,200 1,200 - 0.00%
<br />4750 Taxes, Licenses, & Fees 2,546 - - - - - 0.00%
<br />7050 Construction - - 165,734 - - - 0.00%
<br />8010 Developer PAG, principal 36,536 34,412 37,358 38,452 46,753 8,301 21.59%
<br />9900 Transfers out to debt service/EDA 70,489 81,776 24,634 109,397 107,138 (2,259) -2.06%
<br />Total contractual services 114,882 117,563 228,966 149,049 155,091 6,042 4.05%
<br />Net change in fund balance 72,302 88,570 (72,472) 5,149 1,744 (74,762) -1451.98%
<br />Fund balance, beginning year 265,126 337,428 425,998 353,526 358,675 260,309 73.63%
<br />Fund balance, end of year 337,428 425,998 353,526 358,675 360,419 185,547 51.73%
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