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Fund: 450 TIF District #5 Revenues
<br />Account
<br />Description
<br />2016 2017 2018 2019
<br />Description
<br />3101
<br />Tax increment collections
<br />1,555,982 1,631 162 1,670,873 1,711,275
<br />Estimated collections of incremental taxes on properties in the district
<br />1,555,982 1,631,162 1,670,873 1,711,275
<br />3610
<br />Investment income
<br />4,000 3,000 3,000 3,000
<br />Estimated interest earnings at 1.00%.
<br />1 :1
<br />4,000 3,000 3,000 3,000
<br />Fund: 430 Department: 4650 Economic Development
<br />3030
<br />Other professional services
<br />3,420 3,420 3,420 3,600
<br />1,580 1,640 1,640 1,703
<br />TIF administration and reporting fees
<br />5% of audit (2019 - $34,065, 2020 - $34,745, 2021 - $35,440)
<br />5,000 5,060 5,060 5,303
<br />8010
<br />Pay-as-you-go principal
<br />1,431 290 1,513,894 1,568,467 1,60 521
<br />Principal on a revenue note issued to promote a development. (Medtronic)
<br />1,431,290 1,513,894 1,568,467 1,606,521
<br />9900
<br />Transfer out to EDA Fund
<br />75,331 79,498 83,543 85,563
<br />Transfer to cover the EDA operating budget.
<br />75,331 79,498 83,543 85,563
<br />71
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