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Fund: 450 TIF District #5 Revenues
<br />Account Description 2017 2018 2019 2020 Description
<br />3101 Tax increment collections 1,631,162 1,670,873 1,711,275 1,760,734 Estimated collections of incremental taxes on properties in the district
<br />1,631,162 1,670,873 1,711,275 1,760,734
<br />3610 Investment income 3,000 3,000 3,000 3,000 Estimated interest earnings at 1.00%.
<br />3,000 3,000 3,000 3,000
<br />Fund: 430 Department: 4650 Economic Development
<br />3030 Other professional services 3,420 3,420 3,600 3,600 TIF administration and reporting fees
<br />1,640 1,640 1,703 1,738 5% of audit (2019 - $34,065, 2020 - $34,745, 2021 - $35,440)
<br />5,060 5,060 5,303 5,338
<br />8010 Pay-as-you-go principal 1,513,894 1,568,467 1,606,521 1,647,364 Principal on a revenue note issued to promote a development. (Medtronic)
<br />1,513,894 1,568,467 1,606,521 1,647,364
<br />9900 Transfer out to EDA Fund 79,498 83,543 85,563 88,036 Transfer to cover the EDA operating budget.
<br />79,498 83,543 85,563 88,036
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