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Fund: 450 TIF District #5
<br />Account Description 2018
<br />2019
<br />2020
<br />Revenues
<br />2021 Description
<br />3101
<br />Tax increment collections
<br />1,670,873
<br />1,711,275
<br />1,760,734
<br />1,760,734
<br />Estimated collections of incremental taxes on properties in the district
<br />1,670,873
<br />1,711,275
<br />1,760,734
<br />1,760,734
<br />3610
<br />Investment income
<br />3,000
<br />3,000
<br />3,000
<br />1,500
<br />Estimated interest earnings at 1.00%.
<br />3,000
<br />3,000
<br />3,000
<br />1,500
<br />Fund: 430 Department: 4650
<br />3030 Other professional services
<br />3,420
<br />1,640
<br />3,600
<br />1,703
<br />3,600
<br />1,738
<br />W Economic Development
<br />3,600 TIF administration and reporting fees
<br />1,772 5% of audit (2019 - $34,065, 2020 - $34,745, 2021 - $35,440)
<br />5,372
<br />5,060
<br />5,303
<br />5,338
<br />8010
<br />Pay-as-you-go principal
<br />1,568,467
<br />1,606,521
<br />1,647,364
<br />1,647,364
<br />Principal on a revenue note issued to promote a development. (Medtronic)
<br />1,568,467
<br />1,606,521
<br />1,647,364
<br />1,647,364
<br />9900
<br />Transfer out to EDA Fund
<br />83,543
<br />85,563
<br />88,036
<br />89,000
<br />Transfer to cover the EDA operating budget.
<br />83,543
<br />85,563
<br />88,036
<br />89,000
<br />1,657,070 1,697,387 1,740,738 1,741,736
<br />3.67% 2.43% 2.55% 0.06%
<br />Statutory decertification date: December 31, 2033
<br />23
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