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2011 Budget Summary
<br />Y-T-D
<br />2007 2008 2009 2010 09/30/10 2011 Change from 2010
<br />Actual Actual Actual Budget Actual Request Dollar Percent
<br />TIF # 1 (Fund 410):
<br />Revenues
<br />3101 Tax collections 1,211,260 1,200,245 1,493,611 1,392,826 779,469 1,434,611 41,785 3.00%
<br />3101 Tax collections - Mermaid 74,726 166,058 156,520 - - 0.00%
<br />3102 Taxes - delinquent 6,806 4,310 - 0.00%
<br />3103 Market value credit 981 951 1,022 - 0.00%
<br />3610 Investment income 78,614 102,265 41,887 10,000 - 14,000 4,000 40.00%
<br />3972 Transfer from other funds 3,066 40,747 - - 0.00%
<br /> Total revenue 1,375,453 1,510,266 1,693,040 1,402,826 783,779 1,448,611 45,785 3.26%
<br />Operating expenses (4650):
<br />Contractual services
<br />3030 Other professional 6,665 3,463 2,212 1,000 2,017 2,000 1,000 100.00%
<br />5220 Highway 10 redevelopment 601,359 100,168 20,261 100,000 1,200 375,000 275,000 275.00%
<br />7050 Construction - 276,499 3,664,138 765,000 269,013 1,829,287 1,064,287 139.12%
<br />8010 Developer PAG, principal - 238,940 - 0.00%
<br />9900 Transfers out to EDA 40,000 171,262 24,634 109,398 - 107,138 (2,260) -2.07%
<br />9900 Transfers out to other funds 174,493 - - - - - - 0.00%
<br />Total contractual services 822,517 551,392 3,711,245 975,398 511,170 2,313,425 1,338,027 137.18%
<br />Net change in fund balance 552,936 958,874 (2,018,205) 427,428 272,609 (864,814) (1,669,217) -390.53%
<br />Fund balance, beginning year 1,093,432 1,646,368 2,605,242 587,037 587,037 1,014,465 1,088,387 185.40%
<br />Fund balance, end of year 1,646,368 2,605,242 587,037 1,014,465 859,646 149,651 (580,830) -57.25%
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