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<br />159/807 GENERAL
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<br />EXHIBIT
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<br />ò
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<br /> PROPOSED
<br />ACCT. NO. ITEM 04/05 05106
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<br /> Beginning Fund Balance 1,082,707 1,532,275
<br /> Adjustment for Capitialized Interest* 850,000
<br /> ESTIMATED BEGINNING FUND BALANCE 1,082,707 2,382,275
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<br /> Tax Increment 6,587,435 6,876,389
<br /> Interest 645,029 565,467
<br /> ERAF Rebate 109,151
<br /> Rent 65,783
<br /> TOTAL REVENUE 7,407,398 7,441,856
<br /> TOTAL AVAILABLE WORKING CAPITAL 8,490,105 9,824,131
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<br /> Fixed Obligations
<br /> Transfer for Debt Service 1,940,501 1,802,256
<br /> Non-Subord. Tax Sharing (Mosquito Abatement Dist) 15,000 15,000
<br /> Subordinated Tax Sharing Payments 899,931 899,931
<br /> Sequoia Station Dev. Agreement 300,000 300,000
<br /> Additional School District Payment 42,321 42,321
<br /> ERAF Transfer 719,490 719,490
<br /> TOTAL FIXED OBLIGATIONS I 3,917,243 3,778,998
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<br /> Administrative Costs
<br />66410 Employee Services 1,103,002
<br />66410 Supplies & Services 397,215
<br />66410 Internal Services 157,124
<br />66410 Furniture & Equipment 20,000
<br /> Total Administrative Costs 1,551,477 1,677,341
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<br /> Program Operating Expenditures
<br />66429 Economic Development 229,110 211,304
<br /> Storefront Improvements 60,000
<br /> Total Program Operating Costs 289,110 211,304
<br /> TOTAL ALL COSTS 5,757,830 5,667,643
<br /> Subtotal I I 2,732,275 4,156,488
<br /> Operating Reserve (1,200,OOO)
<br /> 05106 Working Capital Transfer to Fund Capital Projects (2,874,597)
<br /> TOTAL WORKING CAPITAL BALANCE I 1,532,275 1,281,891
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<br /> *$850,000 can only be applied to debt service
<br /> **Based on current LAS calculation
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<br />05/06 Budget-RDA Proposed-Rev.
<br />7/13/200512:52 PM
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