Fiscal Year 2019 Budget

127

2018 - 2019 Annual Budget

Community & Economic Development Tax Increment Financing (T.I.F.)

Division: Function:

Description of Services:

The Tax Increment Financing (TIF) fund accounts for the city's payments for development rebate agreements and to service existing debt the city has issued backed by TIF revenues. Development agreements are the primary incentive the city offers to business to locate within the community or to expand their current operations in the city.

Budget:

Actual

Actual

Original Budget

Revised Budget

Budget

Expenditures by Category

FY 15-16

FY 16-17

FY 17-18

FY 17-18

FY 18-19

Personnel Maint, Supplies, Services Capital Outlay Transfers

$

-

$

-

$

-

$

-

$

-

217,950

337,549

622,738

622,738

959,058

-

-

-

-

374,841 592,791

377,336 714,885

371,010 993,748

371,010 993,748

313,364

Totals

$

$

$

$

$

1,272,422

$

690,328

$

840,028

$

994,748

$

994,748

$

1,273,797

Dedicated Revenues

Expenditures by Category and Dedicated Revenue

$1,000,000 $1,200,000 $1,400,000

Transfers Capital Outlay Maint, Supplies, Services Personnel Dedicated Revenues

$- $200,000 $400,000 $600,000 $800,000

Actual 15/16

Actual 16/17

Budget 17/18

Budget 18/19