Full Text
Millcreek FY 2020-21 Tentative CRA Budget APRIL 13, 2020 ---PAGE BREAK--- FY 2020-21 Draft Tentative CRA Revenue Budget ---PAGE BREAK--- FY 2018-19 Actuals FY 2019-20 Estimated Actuals FY 2020-21 Tentative Budget % Change From Previous Year COMMUNITY REINVESTMENT FUND (CRA) REVENUES 201 Millcreek Center CRA 3110 Property Tax - - - 0.00% 3430 Rents & Leases - 90,000 - -100.00% 3610 Interest (Bond) - 130,000 50,000 -61.54% 3620 Misc. - - - 0% 3680 Loan Proceeds - 603,505 721,800 19.60% 3690 Bond Proceeds - 20,174,316 - -100.00% 3820 Use of Fund Balance - - 6,339,423 0% Total Millcreek Center CRA - $ 20,997,821 $ 7,111,223 $ -66.13% 202 West Millcreek CRA 3110 Property Tax 977,069 982,613 950,000 -3.32% 3610 Interest 5,288 5,000 5,000 0.00% 3620 Misc. - - - 0.00% 3820 Use of Fund Balance - 28,392 174,800 515.67% Total West Millcreek CRA 982,357 $ 1,016,005 $ 1,129,800 $ 11.20% Total CRA Revenue 982,357 $ 22,013,826 $ 8,241,023 $ -62.56% MILLCREEK FY 2020-21 COMMUNITY REINVESTMENT AGENCY (CRA) FUND TENTATIVE REVENUE BUDGET ---PAGE BREAK--- FY 2020-21 Draft Tentative CRA Expense Budget ---PAGE BREAK--- FY 2018-19 Actuals FY 2019-20 Estimated Actuals FY 2020-21 Tentative Budget % Change From Previous Year COMMUNITY REINVESTMENT FUND (CRA) EXPENSES 201-5310 Millcreek Center CRA 3100 Professional Services 500,000 400,000 -20.00% 4100 Administration - - - 0.00% 5100 Housing - - - 0.00% 5200 Tax Increment Commitments - - 0.00% 5300 Debt Expense 129,893 - -100.00% 5400 Debt Interest 603,505 721,800 19.60% 5500 Debt Principal - - 0.00% 6100 Miscellaneous 30,000 125,000 250,000 100.00% 7100 Reserve - 6,339,423 - 0.00% 7110 Land - 13,800,000 - -100.00% 8100 City Center Construction - - 6,139,423 0.00% Total Millcreek Center CRA 30,000 $ 20,997,821 $ 7,111,223 $ -66.13% MILLCREEK FY 2020-21 COMMUNITY REINVESTMENT AGENCY (CRA) FUND TENTATIVE EXPENSE BUDGET ---PAGE BREAK--- FY 2018-19 Actuals FY 2019-20 Estimated Actuals FY 2020-21 Tentative Budget % Change From Previous Year COMMUNITY REINVESTMENT FUND (CRA) EXPENSES 202-5310 West Millcreek CRA 3100 Professional Services - - - 0.00% 4100 Administration 19,630 39,000 38,000 0.00% 5100 Housing (20%) 98,150 196,500 190,000 -3.31% 5200 Tax Increment Commitments 164,592 177,000 180,000 1.69% 5300 Debt Expense - - - 0.00% 5400 Debt Interest - - - 0.00% 5500 Debt Principal - - - 0.00% 5600 Loan to City Center RDA - 603,505 721,800 19.60% 6100 Miscellaneous - - - 0.00% 7100 Reserve 669,986 - - 0.00% 7110 Land - - - 0.00% Total West Millcreek CRA 952,358 $ 1,016,005 $ 1,129,800 $ 11.20% Total CRA Expenses 982,358 $ 22,013,826 $ 8,241,023 $ -62.56% MILLCREEK FY 2020-21 COMMUNITY REINVESTMENT AGENCY (CRA) FUND TENTATIVE EXPENSE BUDGET