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<br />Attachment 2
<br />Revenues and Expenditures by Scenario for Both RDA General and Housing Budget
<br />
<br />7C
<br />Page 11
<br />
<br />
<br />Scenario 4: Agency General Fund SERAF Take + Borrow Maximum Housing Tax Increment in FY 2009/10 and FY 2010/11+
<br />Deobllgate Project Funds
<br /> - ------- Fiscal Year --------. -----~--_....
<br />Item 2009/10 (1) 2010/11 (1) 2011/12 2012/13 2013/14
<br /> $3,563.277
<br /> (2) $1.217.359
<br /> $500,000 $500,000 $500,000 $500,000 $500,000
<br /> $4,074,094 $3,546,889 $3,004,167 $4,063,2n $5,841,010
<br />TAX INCREMENT AND OTHER REVENUE
<br />Gross Tax Increment $7,978,420 $8,168,619 $8.937.070 $10,970.214 $11.458,635
<br />County Waiver After Legal Aid Obligabon Paid $0 $0 $0 $0 $0
<br />Interest $35,813 $0 $0 $0 $0
<br />Borrow 09/10 Housing Tax Increment $2,530,036 $0 $0 $0 $0
<br />Borrow 10/11 Housing Tax Increment $0 $732, 764 $0 SO $0
<br />Other Revenue $6,000 $6,000 $0 . .. -~~_.- $0
<br />Total Tax Increment and Other Revenue $10.550,269 $8,907,383 $8,937,070 -. 510.970,214 . '$-~'-1.4S8.635
<br />ITotal Revenue $14,624,363 $12,454.272 $11.941.237 $15,033,491 $17,299,645
<br />Debt Service (3) $1,793,540 $3,004,883 $1,850,975 $2,991,075 $3,280,481
<br />Other Obligations (4) $5,5n,982 $3,303,222 $2,807,978 $2,902,541 $2,958,523
<br />Total Fixed Obligation $7,371,522 $6,308,105 $4,658,953 $5,893,616 $6,239,004
<br />Ok ofTatal Revenue 50% 51% 39% 39% 38%
<br />Total Available for Admin and Projects $7,252,841 $6,146,167 $7,282,284 $9,139,874 $11,060,641
<br />"o'TotaIRevenue 50" 49% 61% 61% 64%
<br />ADMINISTRATIVE COSTS
<br />Employee Services (5) $2,007,053 $2,081,284 $2,158,292 $2,238,148 $2,320,960
<br />Supplies & Services $403,939 $403,939 $403,939 $403,939 $403,939
<br />Internal Services S208,115 $218,752 $218,752 $218,752 $218,752
<br />Furniture & Equipment 50 -- .-- --~-- - $0 $0 $0
<br /> ---_." ---..--- --
<br />Total Administrative Costs $2,619,107 $2,703,975 $2,780,983 $2,860,839 $2,943,651
<br />% of Total Revenue 18% 22% 23% 19% 17%
<br />Remaining Balanee for Programs, Projects, Reslrves $4,633,734 $3,442,192 $4,501,302 $6,279,035 $8,116,990
<br />% of Total Revenue 32% 28% 38% 42% 47%
<br />PROGRAM OPERATING EXPENDITURES
<br />Downtown Development Programs $334,845 $336,025 $336,025 5336,025 $336,025
<br />Storefront Improvements $102,000 $102,000 $102,000 S102,000 5102.000
<br />Total Program Operating Costs $436.845 $438,025 $438.025 $438,025 $438,025
<br />PROJECTS
<br />Marina Area Planning Study $100,000 $0 $0 $0 $0
<br />DT Seasonal Banners & Decorations $50,000 $0 $0 $0 SO
<br />Hoover Mobility Project 5500 000 iQ iQ iQ ~
<br />Subtotal $650,000 $0 $0 $0 $0
<br />Operating Reserve $500,000 $500,000 $500,000 $500,000 $500,000
<br />REMAINING WORKING CAPITAL BALANCE $3,046,889 $2,504,167 $3,563,271 $5,341,010 $1,118,965
<br />% of T~tal ~enue 21% 20% 30% 36% 41%
<br />
<br />
<br />
<br />(1) FY 2009/10 beginning fund balance as of June 30,2009 with latest general ledger per Allison F and includes the $736,291 held in FY 07/08 ERAF. FY 2009/10
<br />and 2010111 gross tax increments and fixed obligations from Fraser and Associates; remaining figures from General FY 09/1 0 Budget prepared by Finance Dept.
<br />
<br />(2) Includes deobligaUon of projects approved in prior years 10 show Agency liquidity:
<br />
<br />Deobllgate
<br />Funds
<br />5415,057
<br />$450,000
<br />$50,000
<br />52,302
<br />5300 000
<br />
<br />Project
<br />Critical Pioneering Project
<br />Garage Fund Upgrade
<br />DT Banners
<br />Marshall Garage
<br />Transit Connection
<br />
<br />Current Balance
<br />$415,057
<br />5450.000
<br />$100,372
<br />$2.302
<br />$671 080
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