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2012 Budget Summary
<br />Y-T-D
<br />2008 2009 2010 2011 09/30/11 2012 Change from 2011
<br />Actual Actual Actual Budget Actual Request Dollar Percent
<br />TIF # 1 (Fund 410):
<br />Revenues
<br />3101 Tax collections 1,200,245 1,493,611 1,632,309 1,434,611 890,855 1,493,611 59,000 4.11%
<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 1,448,611 890,855 1,503,611 55,000 3.80%
<br />Operating expenses (4650):
<br />Contractual services
<br />3030 Other professional 3,463 2,212 2,818 2,000 1,219 2,000 - 0.00%
<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 1,526,369 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 - 86,456 (20,683) -19.30%
<br />9900 Transfers out to other funds - - - - - - 0.00%
<br />Total contractual services 551,392 3,711,245 961,226 2,313,426 1,527,588 1,592,483 (720,943) -31.16%
<br />Net change in fund balance 958,874 (2,018,205) 678,283 (864,815) (636,733) (88,872) 775,943 -89.72%
<br />Fund balance, beginning year 1,646,368 2,605,242 587,037 1,265,320 1,265,320 400,505 (864,815) -68.35%
<br />Fund balance, end of year 2,605,242 587,037 1,265,320 400,505 628,587 311,633 (88,872) -22.19%
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