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Based upon this,the total anticipated amount to return to the county is $2,127,781 <br />($1,224,441+$903,340),before any 2024 transactions such as admin or additional interest <br />revenue (we recommend not charging any admin to these districts or allocate any interest <br />earnings to these districts).Of this amount,the City will receive approximately $976,424.Once <br />these dollars are received from the County they are no longer considered TIF and the City can <br />deposit them into any City fund, including the General Fund to use at its discretion. <br />We are happy to review any final accounting before returning the funds to the County (which can <br />be done at any time).When you are ready to submit the dollars back to the County Auditor,we <br />recommend that you include a memo outlining the sources of the funds so that the County will <br />know how to redistribute the TIF.The City would receive the above noted amount in the second <br />half settlement if it is sent back prior to October 15th,otherwise it will receive it in the January <br />settlement if sent after this date. <br />Please make sure that the cash balances of TIF District 3 and Chandler are zero at year <br />end 2024 for financial reporting <br />Please contact Liz at 651-697-8519 with any questions or concerns. <br />29