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2010 Budget Summary
<br />Y-T-D
<br />2006 2007 2008 2009 09/30/09 2010 Change from 2009
<br />Actual Actual Actual Budget Actual Request Dollar Percent
<br />TIF # 1 (Fund 410):
<br />Revenues
<br />3101 Tax collections 1,177,356 1,211,260 1,200,245 1,213,988 697,819 1,213,988 - 0.00%
<br />3101 Tax collections - Mermaid 171,244 74,726 166,058 156,520 - 178,838 22,318 14.26%
<br />3102 Taxes - delinquent - 6,806 - 0.00%
<br />3103 Market value credit - 981 951 - 0.00%
<br />3610 Investment income 34,971 78,614 102,265 40,000 - 10,000 (30,000) -75.00%
<br />3615 Interest on notes 17 - - 0.00%
<br />3972 Transfer from other funds - 3,066 40,747 - 0.00%
<br />3983 Principal on notes 2,057 - - 0.00%
<br /> Total revenue 1,385,645 1,375,453 1,510,266 1,410,508 697,819 1,402,826 (7,682) -0.54%
<br />Operating expenses (4650):
<br />Contractual services
<br />3030 Other professional 1,041 6,665 3,463 1,000 938 1,000 - 0.00%
<br />4750 Property taxes 9,589 - - 0.00%
<br />5150 Repairs - street lights - - - 0.00%
<br />5220 Highway 10 redevelopment 780,248 601,359 100,168 12,055 100,000 100,000 #DIV/0!
<br />7050 Construction 18,629 - 276,499 3,500,000 2,424,397 765,000 (2,735,000) -78.14%
<br />8010 Developer PAG, principal - - - 0.00%
<br />8020 Developer PAG, interest 20,373 - - 0.00%
<br />8021 Internal loan interest - - - 0.00%
<br />9900 Transfers out to EDA 35,000 40,000 171,262 112,851 109,398 (3,453) -3.06%
<br />9900 Transfers out to other funds 157,814 174,493 - - 0.00%
<br />Total contractual services 1,022,694 822,517 551,392 3,613,851 2,437,390 975,398 (2,638,453) -73.01%
<br />Net change in fund balance 362,951 552,936 958,874 (2,203,343) (1,739,571) 427,428 (376,975) 17.11%
<br />Fund balance, beginning year 730,481 1,093,432 1,646,368 2,605,242 2,605,242 401,899 475,821 18.26%
<br />Fund balance, end of year 1,093,432 1,646,368 2,605,242 401,899 865,671 829,327 98,846 24.59%
<br />12/03/2009 10:19 AM73
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