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Ogden City Redevelopment Agency Fiscal Year 2014-2015 Adopted Budget ---PAGE BREAK--- Summary and Narrative Of Line Item BUDGET FISCAL YEAR 2014-2015 The Line Item Budget may be reviewed in the Ogden City Recorder’s Office or in the Comptroller Division’s Office during normal business hours. Board Members Richard A. Hyer, Chairman Caitlin K. Gochnour, Vice-Chairman Bart E. Blair Neil K. Garner Doug Stephens Marcia L. White Amy L. Wicks Executive Director Michael P. Caldwell ---PAGE BREAK--- TABLE OF CONTENTS ADOPTED BUDGET 2014-2015 Resolution Adopting Intent Statement for Fiscal Year 2015 Map of Project Areas List of Project Areas Summary Charts: Sources of Funding Departmental Expenditures Revenue Summary Schedule of Appropriations Program Summary Ogden Redevelopment Agency Summary of Revenues and Expenditures Revenue Sources Expenditure Detail Fairmount District Summary of Revenues and Expenditures Revenue Sources Expenditure Detail CBD Mall District Summary of Revenues and Expenditures Revenue Sources Expenditure Detail South CBD District Summary of Revenues and Expenditures Revenue Sources Expenditure Detail Lincoln District Summary of Revenues and Expenditures Revenue Sources Expenditure Detail ---PAGE BREAK--- Table of Contents (continued) Washington Boulevard District Summary of Revenues and Expenditures Revenue Sources Expenditure Detail Lester Park District Summary of Revenues and Expenditures Revenue Sources Expenditure Detail Golden Links District Summary of Revenues and Expenditures Revenue Sources Expenditure Detail Park Boulevard District Summary of Revenues and Expenditures Revenue Sources Expenditure Detail 25th Street District Summary of Revenues and Expenditures Revenue Sources Expenditure Detail St. Benedict’s District Summary of Revenues and Expenditures Revenue Sources Expenditure Detail Union Gardens District Summary of Revenues and Expenditures Revenue Sources Expenditure Detail 12th Street District Summary of Revenues and Expenditures Revenue Sources Expenditure Detail DDO Economic Development Area Summary of Revenues and Expenditures Revenue Sources Expenditure Detail ---PAGE BREAK--- Table of Contents (continued) American Can District Summary of Revenues and Expenditures Revenue Sources Expenditure Detail Wall Avenue District Summary of Revenues and Expenditures Revenue Sources Expenditure Detail West 12th Economic Development Area Summary of Revenues and Expenditures Revenue Sources Expenditure Detail Hinckley Drive Economic Development Area Summary of Revenues and Expenditures Revenue Sources Expenditure Detail Ogden River Redevelopment Project Area Summary of Revenues and Expenditures Revenue Sources Expenditure Detail Hinckley Airport District Summary of Revenues and Expenditures Revenue Sources Expenditure Detail South Wall Economic Development Area Summary of Revenues and Expenditures Revenue Sources Expenditure Detail Trackline Economic Development Area Summary of Revenues and Expenditures Revenue Sources Expenditure Detail East Washington Urban Renewal Area Summary of Revenues and Expenditures Revenue Sources Expenditure Detail ---PAGE BREAK--- 1 ---PAGE BREAK--- 20. Recycling Education Program. The effectiveness of the City's recycling education program will be reviewed annually. An annual report will be provided to the Council as part of the budget process detailing the program, information showing the impact of the program, and the use of the funds appropriated for this purpose. 21. Roadway Reconstruction Projects. Roadway reconstruction projects that are B&C fund eligible are reviewed and approved annually. Recommendations for eligible projects are to be submitted to the Council with the proposed budget annually. 22. Tourism and Marketing. Transient Room Tax (Hotel Tax). Tax revenues collected from the Transient Room Tax will be restricted to a special revenue fund known as "Tourism and Marketing Fund." Expenditures from the fund are limited to 'return to retained earnings’ unless otherwise approved by the City Council. The Council will monitor the Ogden Weber Convention and Visitors Bureau contract to ensure compliance with the Agreement authorized by the Council on June 7, 2011, which provides the CVB with 30% of the Transient Room Tax to promote Ogden City as a destination. 23. Utility Fee Indexing. The calendar 4th quarter consumer price index from Wells Fargo Bank will be used to determine annual increases in utility rates. The measure to be used will be the percentage increase of the index for January in the year in which the budget is prepared over the index for January of the prior year or the most recent available. The Council must review and approve or deny the ordinance that increases the fees associated with this indexing. 24. Water Conservation Education Program. Pursuant to Joint Resolution 2012-3, educational or other programs designed to encourage the conservation and reasonable use of culinary water without waste will be pursued. An annual report will be provided to the Council as part of the budget process detailing such programs and the use of the funds appropriated for this purpose. Redevelopment Agency Board (RDA) Budget Guidelines Reports. Quarterly, annual, and periodic reports are to be provided as defined by the Board. The reports shall cover the following: x Periodic Reports - Information on Projects of specific interest to the Board x Quarterly Reports - Major projects - Status and progress for all projects - Financial position of each Project Area x Annual Report -Accomplishments -Financial position of each Project Area (audited) -Budget to actual comparisons for each Project Area Periodic Reports: The details of the periodic reports, as well will depend on the complexity of the specific project. The details and reporting frequency will be determined by the Board, with input from the Administration. Quarterly Reports: The quarterly reports regarding the status and progress for all open RDA projects are to include only information that update the Board regarding progress or challenges for the past quarter. The first time a project appears in the report, additional background information should be provided pertaining to the steps leading up to the establishment of the project. Annual Report: The Annual Report shall cover information for the prior fiscal year and shall include audited financial information. The annual report shall be presented at the Annual Meeting held in January. Financial Tracking of RDA Areas and Projects. The financial progress of each major RDA project within each RDA Area will be monitored. Summary reports will be submitted every April 1 and October 1. The Administration will provide information regarding all new projects as such projects are proposed. All reports should include the approved sources and proposed uses of funds to be expended (RDA and City). 2 ---PAGE BREAK--- Map of Project Areas 3 ---PAGE BREAK--- List of Project Areas REDEVELOPMENT PROJECT AREAS CBD MALL (1977). Created to facilitate the development of the Ogden City Mall. Site was approved in 2004 for a new mixed-use development now known as The Junction. The expiration date of the project area was extended by vote of the taxing entities committee from tax year 2014 to 2026. 25th STREET (1979). Created to assist in the redevelopment of the 25th Street national historic district. This well-known project area has become a hub for downtown activity. Expires 2015; except on Eccles Building (Hampton Inn) 2017. ST. BENEDICT MANOR (1981). Created to convert old hospital to a 100-unit apartment complex for seniors. Tax increment may only be used for recreation center purposes until 2015. UNION GARDENS (1981). Created to facilitate development of low income housing for the disabled and elderly at 3rd Street and Adams Avenue. Tax increment may only be used for recreation center purposes until 2015. WASHINGTON BLVD. (1983). Created to support redevelopment of the central downtown area, including construction of a 600-stall parking garage. Tax increment may only be used for recreation center purposes until 2015. LESTER PARK (1986). Created in support of developing residential inner-city housing. Beginning in 2012 tax increment may only be used for recreation center purposes until 2018. GOLDEN LINKS (1986). Created at the request of the Ogden Odd Fellows in support of a 1.4 acre not-for-profit housing project for the elderly and disabled. Beginning in 2013 tax increment may only be used for recreation center purposes until 2019. PARK BOULEVARD (1986). Created to eliminate blight in and around Park Boulevard near the Ogden River. Beginning in 2012 tax increment may only be used for recreation center purposes until 2018. 12th STREET (1987). Created to assist with the demolition of the old Weber High School property at 12th Street and Washington Blvd. in preparation of development of a commercial center. Beginning in 2016 tax increment may only be used for recreation center purposes until 2022. SOUTH CBD (1987). Created to facilitate improvement and expansion of an automobile dealership in the downtown area. Beginning in 2016 tax increment may only be used for recreation center purposes until 2022. 4 ---PAGE BREAK--- LINCOLN AVENUE (1987). Created to assist with redevelopment of a two-block industrial area in the northwest section of downtown. Beginning in 2018 tax increment may only be used for recreation center purposes until 2024. HINKLEY AIRPORT (1989). Created to encourage appropriate development on and around the Ogden Hinckley Airport. Expires 2021. FAIRMOUNT (1992). Created to assist in the redevelopment of the closed Volvo White GMC heavy truck plant. Beginning in 2018 tax increment may only be used for recreation center purposes until 2024. AMERICAN CAN (1999). Created to facilitate development of four blocks in the general vicinity between Washington and Wall near the American Can property. Expires 2017. WALL AVENUE (2000). Created to assist with the redevelopment of vacant warehousing and manufacturing space and to facilitate improvement of the vacant parcel on the 100 block of 25th Street as well as the Wall Avenue corridor. Expires 2018. OGDEN RIVER (2002). Created to facilitate redevelopment of the river neighborhood along the Ogden River between Washington Boulevard and Wall Avenue on the north boundary of the Central Business District. Expires 2019. URBAN RENEWAL AREAS EAST WASHINGTON (2010). Created to facilitate retail development on the east side of Washington Blvd. between 20th and 24th streets. Residential development may also be assisted as opportunities arise. Expires 2031. ECONOMIC DEVELOPMENT PROJECT AREAS DEFENSE DEPOT OGDEN (1998). Created to fund replacement of deteriorated infrastructure and construction of new infrastructure required to convert DDO to a manufacturing and business park. Expires 2019. WEST 12TH STREET (2001). Created to facilitate a major expansion of the Fresenius Medical’s manufacturing plant. Expires 2016. HINCKLEY DRIVE (2001). Created to facilitate expansion of the Williams International’s facility to manufacture jet engines. Expires 2016. SOUTH WALL (2012). Created to facilitate the attraction of new and the expansion of existing automobile dealerships along Wall Avenue. Expires 2022. TRACKLINE (2013). Created to facilitate the attraction of new commercial and manufacturing businesses to the otherwise blighted area known as the Ogden Stockyards. Expires 2033. 5 ---PAGE BREAK--- 694,800 78,600 15,000 4,734,850 13,220,250 18,743,500 17,440,000 10,000 1,293,500 18,743,500 INTEREST 0.42% OGDEN REDEVELOPMENT AGENCY 2014 - 2015 BUDGET FUNDING SOURCES CHARGES FOR SERVICES 3.71% 100% DEPARTMENTAL EXPENDITURES COMMUNITY AND ECONOMIC DEVELOPMENT 93.05% MISCELLANEOUS 0.08% OTHER FINANCING SOURCES 25.26% TAXES 70.53% COUNCIL 0.05% RDA 6.90% 100% FUNDING SOURCES CHARGES FOR SERVICES INTEREST MISCELLANEOUS OTHER FINANCING SOURCES TAXES DEPARTMENTAL EXPENDITURES COMMUNITY AND ECONOMIC DEVELOPMENT COUNCIL RDA 6 ---PAGE BREAK--- 0.86% 3.88% 2.69% 25.94% 29.58% 0.19% 6.55% 0.00% 0.94% 2.15% 0.48% 2.54% 6.95% 3.47% 0.16% 0.17% 0.04% 1.20% 0.08% 0.11% 0.86% 2.06% 9.10% 100% 18,743,500 WALL AVENUE TAX INC. DIST. 162,000 WASHINGTON BLVD. TAX INC. DIST. 386,000 WEST 12TH TAX INC. DIST. 1,705,000 ST. BENEDICTS TAX INC. DIST. 225,500 TRACKLINE ECONOMIC DEV AREA 15,000 UNION GARDENS TAX INC. DIST. 20,100 PARK BLVD. TAX INC. DIST. 30,100 SOUTH CBD TAX INC. DIST. 32,250 SOUTH WALL ECONOMIC DEV AREA 7,500 LINCOLN TAX INC. DIST. 475,200 OGDEN REDEVELOPMENT AGENCY 1,303,500 OGDEN RIVER REDEV PROJECT AREA 650,500 HINCKLEY AIRPORT 176,000 HINCKLEY DR TAX INC. DIST. 402,500 LESTER PARK TAX INC. DIST. 90,400 EAST WASHINGTON URBAN RENEWAL AREA 35,000 FAIRMOUNT TAX INC. DIST. 1,227,500 GOLDEN LINKS TAX INC. DIST. 800 AMERICAN CAN TAX INC. DIST. 505,000 CBD MALL TAX INC. DIST. 4,861,150 DDO TAX INC. DIST. 5,545,000 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET REVENUE SUMMARY 12TH STREET TAX INC. DIST. 160,500 25TH STREET TAX INC. DIST. 727,000 $18,743,500 DDO TAX INC. DIST. EAST WASHINGTON URBAN RENEWAL AREA FAIRMONT TAX INC. DIST. GOLDEN LINKS TAX INC. DIST. HINCKLEY AIRPORT HINCKLEY DR TAX INC. DIST. LESTER PARK TAX INC. DIST. LINCOLN OGDEN REDEVELOPMENT AGENCY OGDEN RIVER REDEV PROJECT AREA PARK BLVD. SOUTH CBD SOUTH WALL ECONOMIC DEV AREA ST. BENEDICTS TRACKLINE EDA UNION GARDENS WALL AVENUE WASHINGTON BLVD. WEST 12TH TAX INC. DIST. 12TH STREET TAX INC. DIST. 25TH STREET TAX INC. DIST. AMERICAN CAN TAX INC. DIST. CBD MALL TAX INC. DIST. 7 ---PAGE BREAK--- 2014- 2015 BUDGET OGDEN REDEVELOPMENT AGENCY REVENUE SUMMARY REPORT 2014 ADOPTED 2015 BUDGET 2013 ACTUAL OGDEN REDEVELOPMENT AGENCY - - 5,989 INTEREST 15,000 15,000 15,000 MISCELLANEOUS 1,288,500 1,306,000 1,605,723 OTHER FINANCING SOURCES 1,303,500 1,626,712 1,321,000 FAIRMOUNT TAX INC. DIST. 2,500 2,500 4,732 INTEREST 1,225,000 1,500,000 1,224,485 TAXES 1,227,500 1,229,217 1,502,500 CBD MALL TAX INC. DIST. 694,800 694,800 695,740 CHARGES FOR SERVICES 10,000 10,000 ) (25,582 INTEREST - - 17,714 MISCELLANEOUS 2,856,350 2,613,900 2,252,208 OTHER FINANCING SOURCES 1,300,000 1,750,000 1,294,441 TAXES 4,861,150 4,234,521 5,068,700 SOUTH CBD TAX INC. DIST. 250 250 131 INTEREST 32,000 57,000 32,446 TAXES 32,250 32,577 57,250 LINCOLN TAX INC. DIST. 200 200 2,857 INTEREST 475,000 435,000 476,532 TAXES 475,200 479,390 435,200 WASHINGTON BLVD. TAX INC. DIST. 1,000 1,000 1,606 INTEREST 385,000 550,000 376,053 TAXES 386,000 377,658 551,000 LESTER PARK TAX INC. DIST. 400 500 353 INTEREST 90,000 132,000 86,448 TAXES 90,400 86,800 132,500 8 ---PAGE BREAK--- 2014- 2015 BUDGET OGDEN REDEVELOPMENT AGENCY REVENUE SUMMARY REPORT 2014 ADOPTED 2015 BUDGET 2013 ACTUAL GOLDEN LINKS TAX INC. DIST. 50 100 4 INTEREST 750 2,100 749 TAXES 800 753 2,200 PARK BLVD. TAX INC. DIST. 100 100 119 INTEREST 30,000 65,000 28,863 TAXES 30,100 28,982 65,100 25TH STREET TAX INC. DIST. 2,000 2,000 2,695 INTEREST 725,000 750,000 723,448 TAXES 727,000 726,143 752,000 ST. BENEDICTS TAX INC. DIST. 500 500 883 INTEREST 225,000 250,000 220,644 TAXES 225,500 221,526 250,500 UNION GARDENS TAX INC. DIST. 100 100 79 INTEREST 20,000 20,000 23,768 TAXES 20,100 23,847 20,100 12TH STREET TAX INC. DIST. 500 500 639 INTEREST 160,000 160,000 160,044 TAXES 160,500 160,683 160,500 DDO TAX INC. DIST. 45,000 10,000 53,601 INTEREST 5,500,000 6,300,000 5,283,445 TAXES 5,545,000 5,337,046 6,310,000 AMERICAN CAN TAX INC. DIST. 5,000 5,000 4,732 INTEREST 500,000 600,000 494,709 TAXES 505,000 499,441 605,000 9 ---PAGE BREAK--- 2014- 2015 BUDGET OGDEN REDEVELOPMENT AGENCY REVENUE SUMMARY REPORT 2014 ADOPTED 2015 BUDGET 2013 ACTUAL WALL AVENUE TAX INC. DIST. 2,000 2,500 3,012 INTEREST 160,000 240,000 144,683 TAXES 162,000 147,695 242,500 WEST 12TH TAX INC. DIST. 5,000 5,000 6,026 INTEREST 1,700,000 3,000,000 1,687,469 TAXES 1,705,000 1,693,495 3,005,000 HINCKLEY DR TAX INC. DIST. 2,500 5,000 2,738 INTEREST 400,000 1,035,000 395,831 TAXES 402,500 398,570 1,040,000 OGDEN RIVER REDEV PROJECT AREA 500 - 2,269 INTEREST - - 111,401 MISCELLANEOUS 590,000 590,000 555,723 OTHER FINANCING SOURCES 60,000 130,000 55,922 TAXES 650,500 725,315 720,000 HINCKLEY AIRPORT 1,000 1,000 1,365 INTEREST 175,000 265,000 163,600 TAXES 176,000 164,965 266,000 SOUTH WALL ECONOMIC DEV AREA 7,500 30,300 - TAXES 7,500 - 30,300 TRACKLINE ECONOMIC DEV AREA 15,000 - - TAXES 15,000 - - EAST WASHINGTON URBAN RENEWAL AREA 35,000 - - TAXES 35,000 - - 18,743,500 GRAND TOTAL: 22,537,350 18,195,334 10 ---PAGE BREAK--- 0.86% 3.88% 2.69% 25.94% 29.58% 0.19% 6.55% 0.00% 0.94% 2.15% 0.48% 2.54% 6.95% 3.47% 0.16% 0.17% 0.04% 1.20% 0.08% 0.11% 0.86% 2.06% 9.10% 100% 18,743,500 WALL AVENUE TAX INC. DIST. 162,000 WASHINGTON BLVD. TAX INC. DIST. 386,000 WEST 12TH TAX INC. DIST. 1,705,000 ST. BENEDICTS TAX INC. DIST. 225,500 TRACKLINE ECONOMIC DEV AREA 15,000 UNION GARDENS TAX INC. DIST. 20,100 PARK BLVD. TAX INC. DIST. 30,100 SOUTH CBD TAX INC. DIST. 32,250 SOUTH WALL ECONOMIC DEV AREA 7,500 LINCOLN TAX INC. DIST. 475,200 OGDEN REDEVELOPMENT AGENCY 1,303,500 OGDEN RIVER REDEV PROJECT AREA 650,500 HINCKLEY AIRPORT 176,000 HINCKLEY DR TAX INC. DIST. 402,500 LESTER PARK TAX INC. DIST. 90,400 EAST WASHINGTON URBAN RENEWAL AREA 35,000 FAIRMOUNT TAX INC. DIST. 1,227,500 GOLDEN LINKS TAX INC. DIST. 800 AMERICAN CAN TAX INC. DIST. 505,000 CBD MALL TAX INC. DIST. 4,861,150 DDO TAX INC. DIST. 5,545,000 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET APPROPRIATIONS BY FUND 12TH STREET TAX INC. DIST. 160,500 25TH STREET TAX INC. DIST. 727,000 $18,743,500 DDO TAX INC. DIST. EAST WASHINGTON URBAN RENEWAL AREA FAIRMONT TAX INC. DIST. GOLDEN LINKS TAX INC. DIST. HINCKLEY AIRPORT HINCKLEY DR TAX INC. DIST. LESTER PARK TAX INC. DIST. LINCOLN OGDEN REDEVELOPMENT AGENCY OGDEN RIVER REDEV PROJECT AREA PARK BLVD. SOUTH CBD SOUTH WALL ECONOMIC DEV AREA ST. BENEDICTS TRACKLINE EDA UNION GARDENS WALL AVENUE WASHINGTON BLVD. WEST 12TH TAX INC. DIST. 12TH STREET TAX INC. DIST. 25TH STREET TAX INC. DIST. AMERICAN CAN TAX INC. DIST. CBD MALL TAX INC. DIST. 11 ---PAGE BREAK--- 2014- 2015 BUDGET OGDEN REDEVELOPMENT AGENCY APPROPRIATIONS BY FUND REPORT 2014 ADOPTED 2015 BUDGET 2013 ACTUAL OGDEN REDEVELOPMENT AGENCY 10,000 10,000 - COUNCIL 1,293,500 1,311,000 1,541,886 RDA 1,303,500 1,541,886 1,321,000 FAIRMOUNT TAX INC. DIST. 1,227,500 1,502,500 1,230,707 COMMUNITY AND ECONOMIC DEVELOPMENT 1,227,500 1,230,707 1,502,500 CBD MALL TAX INC. DIST. 4,861,150 5,068,700 4,258,607 COMMUNITY AND ECONOMIC DEVELOPMENT 4,861,150 4,258,607 5,068,700 SOUTH CBD TAX INC. DIST. 32,250 57,250 32,498 COMMUNITY AND ECONOMIC DEVELOPMENT 32,250 32,498 57,250 LINCOLN TAX INC. DIST. 475,200 435,200 478,559 COMMUNITY AND ECONOMIC DEVELOPMENT 475,200 478,559 435,200 WASHINGTON BLVD. TAX INC. DIST. 386,000 551,000 376,053 COMMUNITY AND ECONOMIC DEVELOPMENT 386,000 376,053 551,000 LESTER PARK TAX INC. DIST. 90,400 132,500 86,448 COMMUNITY AND ECONOMIC DEVELOPMENT 90,400 86,448 132,500 GOLDEN LINKS TAX INC. DIST. 800 2,200 753 COMMUNITY AND ECONOMIC DEVELOPMENT 800 753 2,200 PARK BLVD. TAX INC. DIST. 30,100 65,100 28,863 COMMUNITY AND ECONOMIC DEVELOPMENT 30,100 28,863 65,100 25TH STREET TAX INC. DIST. 727,000 752,000 620,769 COMMUNITY AND ECONOMIC DEVELOPMENT 727,000 620,769 752,000 12 ---PAGE BREAK--- 2014- 2015 BUDGET OGDEN REDEVELOPMENT AGENCY APPROPRIATIONS BY FUND REPORT 2014 ADOPTED 2015 BUDGET 2013 ACTUAL ST. BENEDICTS TAX INC. DIST. 225,500 250,500 221,524 COMMUNITY AND ECONOMIC DEVELOPMENT 225,500 221,524 250,500 UNION GARDENS TAX INC. DIST. 20,100 20,100 23,768 COMMUNITY AND ECONOMIC DEVELOPMENT 20,100 23,768 20,100 12TH STREET TAX INC. DIST. 160,500 160,500 160,682 COMMUNITY AND ECONOMIC DEVELOPMENT 160,500 160,682 160,500 DDO TAX INC. DIST. - 1,540,700 1,847,822 BUSINESS DEVELOPMENT 5,545,000 4,769,300 3,351,804 COMMUNITY AND ECONOMIC DEVELOPMENT 5,545,000 5,199,626 6,310,000 AMERICAN CAN TAX INC. DIST. 505,000 605,000 514,579 COMMUNITY AND ECONOMIC DEVELOPMENT 505,000 514,579 605,000 WALL AVENUE TAX INC. DIST. 162,000 242,500 102,852 COMMUNITY AND ECONOMIC DEVELOPMENT 162,000 102,852 242,500 WEST 12TH TAX INC. DIST. 1,705,000 3,005,000 1,794,284 COMMUNITY AND ECONOMIC DEVELOPMENT 1,705,000 1,794,284 3,005,000 HINCKLEY DR TAX INC. DIST. 402,500 1,040,000 402,715 COMMUNITY AND ECONOMIC DEVELOPMENT 402,500 402,715 1,040,000 OGDEN RIVER REDEV PROJECT AREA 650,500 720,000 3,795,624 COMMUNITY AND ECONOMIC DEVELOPMENT 650,500 3,795,624 720,000 HINCKLEY AIRPORT 176,000 266,000 164,887 COMMUNITY AND ECONOMIC DEVELOPMENT 176,000 164,887 266,000 13 ---PAGE BREAK--- 2014- 2015 BUDGET OGDEN REDEVELOPMENT AGENCY APPROPRIATIONS BY FUND REPORT 2014 ADOPTED 2015 BUDGET 2013 ACTUAL SOUTH WALL ECONOMIC DEV AREA 7,500 30,300 - COMMUNITY AND ECONOMIC DEVELOPMENT 7,500 - 30,300 TRACKLINE ECONOMIC DEV AREA 15,000 - - COMMUNITY AND ECONOMIC DEVELOPMENT 15,000 - - EAST WASHINGTON URBAN RENEWAL AREA 35,000 - - COMMUNITY AND ECONOMIC DEVELOPMENT 35,000 - - 18,743,500 GRAND TOTAL: 22,537,350 21,035,686 14 ---PAGE BREAK--- 4,138,000 22.08% 1,293,500 6.90% 5,934,800 31.66% 10,000 0.05% 7,367,200 39.31% 18,743,500 100% DEBT SERVICE GENERAL ADMINISTRATION & SUPPORT INTERGOVERNMENTAL EXPENDITURES OGDEN REDEVELOPMENT AGENCY 2014 - 2015 BUDGET PROGRAM SUMMARY BUSINESS DEVELOPMENT COMMUNITY DEVELOPMENT PROGRAM SUMMARY BUSINESS DEVELOPMENT COMMUNITY DEVELOPMENT DEBT SERVICE GENERAL ADMINISTRATION & SUPPORT INTERGOVERNMENTAL EXPENDITURES 15 ---PAGE BREAK--- 10,000 10,000 1,293,500 1,293,500 592,950 1,040,100 13,000 167,500 386,000 90,400 800 30,100 10,000 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET PROGRAM SUMMARY 2013 ACTUAL 2014 ADOPTED 2015 BUDGET GENERAL ADMINISTRATION & SUPPORT COMMUNITY DEVELOPMENT OGDEN REDEVELOPMENT AGENCY RDA OGDEN RDA GENERAL OPERATIONS 1,311,000 OGDEN REDEVELOPMENT AGENCY COUNCIL RDA BOARD 10,000 - 1,541,886 1,311,000 BUSINESS DEVELOPMENT FAIRMOUNT TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 875,325 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 37,600 LINCOLN TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT CBD MALL TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 1,600,300 SOUTH CBD TAX INC. DIST. TAX INCREMENT DISTRICTS 333,500 WASHINGTON BLVD. TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 551,000 366,481 376,053 LESTER PARK TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 132,500 GOLDEN LINKS TAX INC. DIST. 86,448 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 1,800 PARK BLVD. TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 300 TAX INCREMENT DISTRICTS 65,100 28,863 - 1,541,886 569,025 572,653 12,978 16 ---PAGE BREAK--- 15,000 225,500 20,100 88,500 75,000 23,000 57,000 139,175 310,500 643,000 176,000 6,000 25TH STREET TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 185,000 6,578 ST. BENEDICTS TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET PROGRAM SUMMARY 2013 ACTUAL 2014 ADOPTED 2015 BUDGET TAX INCREMENT DISTRICTS 250,500 UNION GARDENS TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 20,100 221,524 23,768 12TH STREET TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 89,975 DDO TAX INC. DIST. 90,432 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 1,470,400 AMERICAN CAN TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 53,804 TAX INCREMENT DISTRICTS 230,000 WALL AVENUE TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 146,700 140,902 835 WEST 12TH TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 1,400,000 HINCKLEY DR TAX INC. DIST. 132,245 164,887 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 876,700 OGDEN RIVER REDEV PROJECT AREA COMMUNITY AND ECONOMIC DEVELOPMENT - - TAX INCREMENT DISTRICTS 712,500 HINCKLEY AIRPORT COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 266,000 3,743,580 BUSINESS DEVELOPMENT (CONTINUED…) SOUTH WALL ECONOMIC DEV AREA COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 30,300 17 ---PAGE BREAK--- 11,250 27,125 4,138,000 356,325 3,821,050 153,300 - 357,000 65,000 1,182,125 - - 5,934,800 TRACKLINE ECONOMIC DEV AREA BUSINESS DEVELOPMENT (CONTINUED…) COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS - EAST WASHINGTON URBAN RENEWAL AREA COMMUNITY AND ECONOMIC DEVELOPMENT - DEBT SERVICE FAIRMOUNT TAX INC. DIST. TAX INCREMENT DISTRICTS - 6,591,356 9,275,300 - COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 357,175 CBD MALL TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 378,991 TAX INCREMENT DISTRICTS 3,468,400 25TH STREET TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 408,550 3,685,954 124,191 DDO TAX INC. DIST. BUSINESS DEVELOPMENT TAX INCREMENT DISTRICTS DEBT SERVICE 1,540,700 AMERICAN CAN TAX INC. DIST. 1,847,822 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 250,000 WALL AVENUE TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 250,000 TAX INCREMENT DISTRICTS 60,800 WEST 12TH TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 1,235,525 65,846 1,281,177 HINCKLEY DR TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS - OGDEN RIVER REDEV PROJECT AREA 311,674 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS - 7,983,720 7,321,150 38,064 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET PROGRAM SUMMARY 2013 ACTUAL 2014 ADOPTED 2015 BUDGET 18 ---PAGE BREAK--- 278,225 19,250 307,700 - 558,700 72,000 5,470,000 125,000 40,000 383,700 92,000 7,500 1,500 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET PROGRAM SUMMARY 2013 ACTUAL 2014 ADOPTED 2015 BUDGET INTERGOVERNMENTAL EXPENDITURES FAIRMOUNT TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 270,000 SOUTH CBD TAX INC. DIST. 282,691 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 19,650 LINCOLN TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 19,520 TAX INCREMENT DISTRICTS 101,700 GOLDEN LINKS TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 400 112,078 453 25TH STREET TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 158,450 12TH STREET TAX INC. DIST. 490,000 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 70,525 DDO TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 70,250 TAX INCREMENT DISTRICTS 3,298,900 AMERICAN CAN TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 125,000 3,298,000 123,677 WALL AVENUE TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 35,000 WEST 12TH TAX INC. DIST. 36,171 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 369,475 HINCKLEY DR TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 380,862 - TAX INCREMENT DISTRICTS 163,300 OGDEN RIVER REDEV PROJECT AREA COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 7,500 91,041 13,980 SOUTH WALL ECONOMIC DEV AREA COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS - 19 ---PAGE BREAK--- 3,750 7,875 7,367,200 18,743,500 TAX INCREMENT DISTRICTS - EAST WASHINGTON URBAN RENEWAL AREA COMMUNITY AND ECONOMIC DEVELOPMENT - TRACKLINE ECONOMIC DEV AREA TAX INCREMENT DISTRICTS - OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET PROGRAM SUMMARY 2013 ACTUAL 2014 ADOPTED 2015 BUDGET - INTERGOVERNMENTAL EXPENDITURES (CONTINUED…) COMMUNITY AND ECONOMIC DEVELOPMENT 4,918,723 4,619,900 GRAND TOTAL: 21,035,686 22,537,350 20 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES OGDEN REDEVELOPMENT AGENCY 2015 BUDGET 2014 ADOPTED 2013 ACTUAL OGDEN REDEVELOPMENT AGENCY REVENUES INTEREST - 5,989 - MISCELLANEOUS 15,000 15,000 15,000 OTHER FINANCING SOURCES 1,306,000 1,605,723 1,288,500 1,303,500 1,321,000 1,626,712 EXPENDITURES OGDEN RDA GENERAL OPERATIONS 1,311,000 1,541,886 1,293,500 RDA BOARD 10,000 - 10,000 1,303,500 1,321,000 1,541,886 21 ---PAGE BREAK--- - - - - 15,000 15,000 15,000 15,000 1,306,000 1,288,500 1,306,000 1,288,500 1,321,000 1,303,500 INTEREST GENERAL 5,989 4,122 Interest Income is any interest earned to positive cash balance 5,989 4,122 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET OGDEN REDEVELOPMENT AGENCY 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET OTHER FINANCING SOURCES TRANSFERS 1,605,723 - Transfers are money transferred into the Redevelopment Agency to make debt payments. 1,605,723 - MISCELLANEOUS OTHER 15,000 - Miscellaneous revenue is from the various districts to fund administrative costs. 15,000 - 1,626,712 4,122 OGDEN REDEVELOPMENT AGENCY TOTAL 22 ---PAGE BREAK--- 10,000 10,000 10,000 10,000 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES OGDEN REDEVELOPMENT AGENCY 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET - - 10,000 10,000 DIVISION SUMMARY COUNCIL COUNCIL CHARGES FOR SERVICES - - 10,000 10,000 RDA BOARD - - 10,000 10,000 - - 10,000 10,000 FUNDING SOURCES COUNCIL TRANSFER FROM OTHER FUNDS 23 ---PAGE BREAK--- 15,000 15,000 1,296,000 1,278,500 1,311,000 1,293,500 RDA CHARGES FOR SERVICES 566,163 330,791 565,000 575,000 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES OGDEN REDEVELOPMENT AGENCY 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET 1,541,886 330,791 1,311,000 1,293,500 DIVISION SUMMARY RDA OTHER OPERATING EXPENSE 705,723 - 746,000 718,500 LAND 270,000 - - - FUNDING SOURCES RDA MISCELLANEOUS TRANSFER FROM OTHER FUNDS OGDEN RDA GENERAL OPERATIONS 1,541,886 330,791 1,311,000 1,293,500 1,541,886 330,791 1,311,000 1,293,500 24 ---PAGE BREAK--- FAIRMOUNT DISTRICT 25 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES FAIRMOUNT TAX INC. DIST. 2015 BUDGET 2014 ADOPTED 2013 ACTUAL FAIRMOUNT TAX INC. DIST. REVENUES INTEREST 2,500 4,732 2,500 TAXES 1,500,000 1,224,485 1,225,000 1,227,500 1,502,500 1,229,217 EXPENDITURES TAX INCREMENT DISTRICTS 1,502,500 1,230,707 1,227,500 1,227,500 1,502,500 1,230,707 26 ---PAGE BREAK--- 2,500 2,500 2,500 2,500 1,500,000 1,225,000 1,500,000 1,225,000 1,502,500 1,227,500 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET FAIRMOUNT TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET TAXES PROPERTY TAXES 1,224,485 975,406 1,224,485 975,406 Property Taxes are assessed within the Fairmount Tax Increment District to fund improvements. INTEREST GENERAL 4,732 1,078 Interest Income is any interest earned to positive cash balance 4,732 1,078 FAIRMOUNT TAX INC. DIST. TOTAL 1,229,217 976,484 27 ---PAGE BREAK--- 2,500 2,500 - - 1,500,000 1,225,000 1,502,500 1,227,500 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES FAIRMOUNT TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 569,025 64,105 875,325 592,950 1,230,707 64,105 1,502,500 1,227,500 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT DEBT SERVICE 378,991 - 357,175 356,325 OPERATING TRANSFERS 282,691 - 270,000 278,225 TAX INCREMENT DISTRICTS 1,230,707 64,105 1,502,500 1,227,500 1,230,707 64,105 1,502,500 1,227,500 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME MISCELLANEOUS TAX REVENUE 28 ---PAGE BREAK--- CBD MALL DISTRICT 29 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES CBD MALL TAX INC. DIST. 2015 BUDGET 2014 ADOPTED 2013 ACTUAL CBD MALL TAX INC. DIST. REVENUES CHARGES FOR SERVICES 694,800 695,740 694,800 INTEREST 10,000 ) (25,582 10,000 MISCELLANEOUS - 17,714 - OTHER FINANCING SOURCES 2,613,900 2,252,208 2,856,350 TAXES 1,750,000 1,294,441 1,300,000 4,861,150 5,068,700 4,234,521 EXPENDITURES TAX INCREMENT DISTRICTS 5,068,700 4,258,607 4,861,150 4,861,150 5,068,700 4,258,607 30 ---PAGE BREAK--- 694,800 694,800 694,800 694,800 10,000 10,000 10,000 10,000 - - - - 2,613,900 2,856,350 2,613,900 2,856,350 1,750,000 1,300,000 1,750,000 1,300,000 5,068,700 4,861,150 CHARGES FOR SERVICES LEASE REVENUE 695,740 579,800 Lease Revenue records the revenue from leasing operation primarily at the Rec Center. 695,740 579,800 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET CBD MALL TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET MISCELLANEOUS SALE OF ASSETS 17,714 213,172 Sale of Assets revenue is generated throught the occasional sale of fixed assets 17,714 213,172 INTEREST GENERAL (25,582) - Interest Income is any interest earned to positive cash balance (25,582) - TAXES PROPERTY TAXES 1,294,441 1,132,398 Property Taxes are assessed within the Central Business District (CBD) Tax Increment District to fund improvements 1,294,441 1,132,398 OTHER FINANCING SOURCES TRANSFERS 2,252,208 - Transfers are money transfered in to the Redevelopment Agency to make payments. 2,252,208 - CBD MALL TAX INC. DIST. TOTAL 4,234,521 1,925,370 31 ---PAGE BREAK--- 10,000 10,000 694,800 694,800 2,613,900 2,856,350 1,750,000 1,300,000 5,068,700 4,861,150 SUMMARY OF DEPARTMENTAL EXPENDITURES CBD MALL TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET OTHER OPERATING EXPENSE 572,653 177,182 1,600,300 1,040,100 DEBT SERVICE 3,685,954 1,847,600 3,468,400 3,821,050 IMPROVEMENTS - 125,000 - - 4,258,607 2,149,782 5,068,700 4,861,150 4,861,150 4,258,607 2,149,782 5,068,700 4,861,150 FUNDING SOURCES DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 4,258,607 2,149,782 5,068,700 COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME CHARGES FOR SERVICES OTHER FINANCING SOURCES TAX REVENUE 32 ---PAGE BREAK--- SOUTH CBD DISTRICT 33 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES SOUTH CBD TAX INC. DIST. 2015 BUDGET 2014 ADOPTED 2013 ACTUAL SOUTH CBD TAX INC. DIST. REVENUES INTEREST 250 131 250 TAXES 57,000 32,446 32,000 32,250 57,250 32,577 EXPENDITURES TAX INCREMENT DISTRICTS 57,250 32,498 32,250 32,250 57,250 32,498 34 ---PAGE BREAK--- 250 250 250 250 57,000 32,000 57,000 32,000 57,250 32,250 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET SOUTH CBD TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET TAXES PROPERTY TAXES 32,446 47,633 Property Taxes are assessed within the South Central Business District (CBD) Tax Increment District to fund improvements 32,446 47,633 INTEREST GENERAL 131 29 Interest Income is any interest earned to positive cash balance 131 29 SOUTH CBD TAX INC. DIST. TOTAL 32,577 47,662 35 ---PAGE BREAK--- 250 250 57,000 32,000 57,250 32,250 SUMMARY OF DEPARTMENTAL EXPENDITURES SOUTH CBD TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET 32,498 - 57,250 32,250 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 12,978 - 37,600 13,000 OPERATING TRANSFERS 19,520 - 19,650 19,250 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE TAX INCREMENT DISTRICTS 32,498 - 57,250 32,250 32,498 - 57,250 32,250 36 ---PAGE BREAK--- LINCOLN DISTRICT 37 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES LINCOLN TAX INC. DIST. 2015 BUDGET 2014 ADOPTED 2013 ACTUAL LINCOLN TAX INC. DIST. REVENUES INTEREST 200 2,857 200 TAXES 435,000 476,532 475,000 475,200 435,200 479,390 EXPENDITURES TAX INCREMENT DISTRICTS 435,200 478,559 475,200 475,200 435,200 478,559 38 ---PAGE BREAK--- 200 200 200 200 435,000 475,000 435,000 475,000 435,200 475,200 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET LINCOLN TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET TAXES PROPERTY TAXES 476,532 383,847 476,532 383,847 Property Taxes are assessed within the Lincoln Tax Increment District to fund improvements INTEREST GENERAL 2,857 410 Interest Income is any interest earned to positive cash balance 2,857 410 LINCOLN TAX INC. DIST. TOTAL 479,390 384,257 39 ---PAGE BREAK--- 200 200 435,000 475,000 435,200 475,200 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES LINCOLN TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 366,481 - 333,500 167,500 478,559 - 435,200 475,200 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT OPERATING TRANSFERS 112,078 - 101,700 107,700 INTERAGENCY TRANSFERS - - - 200,000 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE TAX INCREMENT DISTRICTS 478,559 - 435,200 475,200 478,559 - 435,200 475,200 40 ---PAGE BREAK--- WASHINGTON BLVD. DISTRICT 41 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES WASHINGTON BLVD. TAX INC. DIST. 2015 BUDGET 2014 ADOPTED 2013 ACTUAL WASHINGTON BLVD. TAX INC. DIST. REVENUES INTEREST 1,000 1,606 1,000 TAXES 550,000 376,053 385,000 386,000 551,000 377,658 EXPENDITURES TAX INCREMENT DISTRICTS 551,000 376,053 386,000 386,000 551,000 376,053 42 ---PAGE BREAK--- 1,000 1,000 1,000 1,000 550,000 385,000 550,000 385,000 551,000 386,000 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET WASHINGTON BLVD. TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET TAXES PROPERTY TAXES 376,053 290,727 376,053 290,727 Property Taxes are assessed within the Washington Blvd Increment District to fund improvements INTEREST GENERAL 1,606 182 Interest Income is any interest earned to positive cash balance 1,606 182 377,658 290,909 WASHINGTON BLVD. TAX INC. DIST. TOTAL 43 ---PAGE BREAK--- 1,000 1,000 550,000 385,000 551,000 386,000 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES WASHINGTON BLVD. TAX INC. DIST. 376,053 - 551,000 386,000 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 376,053 - 551,000 386,000 TAX INCREMENT DISTRICTS 376,053 - 551,000 386,000 376,053 - 551,000 386,000 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE 44 ---PAGE BREAK--- LESTER PARK DISTRICT 45 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES LESTER PARK TAX INC. DIST. 2015 BUDGET 2014 ADOPTED 2013 ACTUAL LESTER PARK TAX INC. DIST. REVENUES INTEREST 500 353 400 TAXES 132,000 86,448 90,000 90,400 132,500 86,800 EXPENDITURES TAX INCREMENT DISTRICTS 132,500 86,448 90,400 90,400 132,500 86,448 46 ---PAGE BREAK--- 500 400 500 400 132,000 90,000 132,000 90,000 132,500 90,400 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET LESTER PARK TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET TAXES PROPERTY TAXES 86,448 73,818 86,448 73,818 Property Taxes are assessed within the Lester Park Distict Tax Increment District to fund improvements INTEREST GENERAL 353 49 Interest Income is any interest earned to positive cash balance 353 49 LESTER PARK TAX INC. DIST. TOTAL 86,800 73,867 47 ---PAGE BREAK--- 500 400 132,000 90,000 132,500 90,400 SUMMARY OF DEPARTMENTAL EXPENDITURES LESTER PARK TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET OTHER OPERATING EXPENSE 86,448 - 132,500 90,400 86,448 - 132,500 90,400 90,400 86,448 - 132,500 90,400 FUNDING SOURCES DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 86,448 - 132,500 COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE 48 ---PAGE BREAK--- GOLDEN LINKS DISTRICT 49 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES GOLDEN LINKS TAX INC. DIST. 2015 BUDGET 2014 ADOPTED 2013 ACTUAL GOLDEN LINKS TAX INC. DIST. REVENUES INTEREST 100 4 50 TAXES 2,100 749 750 800 2,200 753 EXPENDITURES TAX INCREMENT DISTRICTS 2,200 753 800 800 2,200 753 50 ---PAGE BREAK--- 100 50 100 50 2,100 750 2,100 750 2,200 800 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET GOLDEN LINKS TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET TAXES PROPERTY TAXES 749 600 749 600 Property Taxes are assessed within the Golden Links Tax Increment District to fund improvements INTEREST GENERAL 4 1 Interest Income is any interest earned to positive cash balance 4 1 GOLDEN LINKS TAX INC. DIST. TOTAL 753 601 51 ---PAGE BREAK--- 100 50 2,100 750 2,200 800 COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 300 - 1,800 800 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES GOLDEN LINKS TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET OPERATING TRANSFERS 453 - 400 - 753 - 2,200 800 800 753 - 2,200 800 FUNDING SOURCES DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 753 - 2,200 COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE 52 ---PAGE BREAK--- PARK BLVD DISTRICT 53 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES PARK BLVD. TAX INC. DIST. 2015 BUDGET 2014 ADOPTED 2013 ACTUAL PARK BLVD. TAX INC. DIST. REVENUES INTEREST 100 119 100 TAXES 65,000 28,863 30,000 30,100 65,100 28,982 EXPENDITURES TAX INCREMENT DISTRICTS 65,100 28,863 30,100 30,100 65,100 28,863 54 ---PAGE BREAK--- 100 100 100 100 65,000 30,000 65,000 30,000 65,100 30,100 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET PARK BLVD. TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET TAXES PROPERTY TAXES 28,863 47,725 28,863 47,725 Property Taxes are assessed within the Park Blvd. Tax Increment District to fund improvements INTEREST GENERAL 119 29 Interest Income is any interest earned to positive cash balance 119 29 PARK BLVD. TAX INC. DIST. TOTAL 28,982 47,754 55 ---PAGE BREAK--- 100 100 65,000 30,000 65,100 30,100 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES PARK BLVD. TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET 28,863 - 65,100 30,100 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 28,863 - 65,100 30,100 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT MISCELLANEOUS TAX REVENUE TAX INCREMENT DISTRICTS 28,863 - 65,100 30,100 28,863 - 65,100 30,100 56 ---PAGE BREAK--- 25TH STREET DISTRICT 57 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES 25TH STREET TAX INC. DIST. 2015 BUDGET 2014 ADOPTED 2013 ACTUAL 25TH STREET TAX INC. DIST. REVENUES INTEREST 2,000 2,695 2,000 TAXES 750,000 723,448 725,000 727,000 752,000 726,143 EXPENDITURES TAX INCREMENT DISTRICTS 752,000 620,769 727,000 727,000 752,000 620,769 58 ---PAGE BREAK--- 2,000 2,000 2,000 2,000 750,000 725,000 750,000 725,000 752,000 727,000 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET 25TH STREET TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET TAXES PROPERTY TAXES 723,448 536,934 723,448 536,934 Property Taxes are assessed within the 25th Street Tax Increment District to fund improvements INTEREST GENERAL 2,695 640 Interest Income is any interest earned to positive cash balance 2,695 640 25TH STREET TAX INC. DIST. TOTAL 726,143 537,574 59 ---PAGE BREAK--- 2,000 2,000 750,000 725,000 752,000 727,000 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES 25TH STREET TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 6,578 16,000 185,000 15,000 620,769 22,164 752,000 727,000 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT DEBT SERVICE 124,191 6,164 408,550 153,300 OPERATING TRANSFERS 490,000 - 158,450 558,700 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE TAX INCREMENT DISTRICTS 620,769 22,164 752,000 727,000 620,769 22,164 752,000 727,000 60 ---PAGE BREAK--- ST. BENEDICTS DISTRICT 61 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES ST. BENEDICTS TAX INC. DIST. 2015 BUDGET 2014 ADOPTED 2013 ACTUAL ST. BENEDICTS TAX INC. DIST. REVENUES INTEREST 500 883 500 TAXES 250,000 220,644 225,000 225,500 250,500 221,526 EXPENDITURES TAX INCREMENT DISTRICTS 250,500 221,524 225,500 225,500 250,500 221,524 62 ---PAGE BREAK--- 500 500 500 500 250,000 225,000 250,000 225,000 250,500 225,500 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET ST. BENEDICTS TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET TAXES PROPERTY TAXES 220,644 188,434 220,644 188,434 Property Taxes are assessed within the St. Benedicts Tax Increment District to fund improvements INTEREST GENERAL 883 114 Interest Income is any interest earned to positive cash balance 883 114 ST. BENEDICTS TAX INC. DIST. TOTAL 221,526 188,548 63 ---PAGE BREAK--- 500 500 250,000 225,000 250,500 225,500 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES ST. BENEDICTS TAX INC. DIST. 221,524 - 250,500 225,500 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 221,524 - 250,500 225,500 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE TAX INCREMENT DISTRICTS 221,524 - 250,500 225,500 221,524 - 250,500 225,500 64 ---PAGE BREAK--- UNION GARDENS DISTRICT 65 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES UNION GARDENS TAX INC. DIST. 2015 BUDGET 2014 ADOPTED 2013 ACTUAL UNION GARDENS TAX INC. DIST. REVENUES INTEREST 100 79 100 TAXES 20,000 23,768 20,000 20,100 20,100 23,847 EXPENDITURES TAX INCREMENT DISTRICTS 20,100 23,768 20,100 20,100 20,100 23,768 66 ---PAGE BREAK--- 100 100 100 100 20,000 20,000 20,000 20,000 20,100 20,100 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET UNION GARDENS TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET TAXES PROPERTY TAXES 23,768 19,526 23,768 19,526 Property Taxes are assessed within the Union Gardens Tax Increment District to fund improvements INTEREST GENERAL 79 12 Interest Income is any interest earned to positive cash balance 79 12 UNION GARDENS TAX INC. DIST. TOTAL 23,847 19,538 67 ---PAGE BREAK--- 100 100 20,000 20,000 20,100 20,100 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES UNION GARDENS TAX INC. DIST. 23,768 - 20,100 20,100 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 23,768 - 20,100 20,100 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE TAX INCREMENT DISTRICTS 23,768 - 20,100 20,100 23,768 - 20,100 20,100 68 ---PAGE BREAK--- 12TH STREET DISTRICT 69 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES 12TH STREET TAX INC. DIST. 2015 BUDGET 2014 ADOPTED 2013 ACTUAL 12TH STREET TAX INC. DIST. REVENUES INTEREST 500 639 500 TAXES 160,000 160,044 160,000 160,500 160,500 160,683 EXPENDITURES TAX INCREMENT DISTRICTS 160,500 160,682 160,500 160,500 160,500 160,682 70 ---PAGE BREAK--- 500 500 500 500 160,000 160,000 160,000 160,000 160,500 160,500 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET 12TH STREET TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET TAXES PROPERTY TAXES 160,044 132,395 160,044 132,395 Property Taxes are assessed within the 12th Street Tax Increment District to fund improvements INTEREST GENERAL 639 80 Interest Income is any interest earned to positive cash balance 639 80 12TH STREET TAX INC. DIST. TOTAL 160,683 132,475 71 ---PAGE BREAK--- 500 500 160,000 160,000 160,500 160,500 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES 12TH STREET TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 90,432 - 89,975 88,500 OPERATING TRANSFERS 70,250 - 70,525 72,000 160,682 - 160,500 160,500 160,500 160,682 - 160,500 160,500 FUNDING SOURCES DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 160,682 - 160,500 COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE 72 ---PAGE BREAK--- DDO DISTRICT 73 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES DDO TAX INC. DIST. 2015 BUDGET 2014 ADOPTED 2013 ACTUAL DDO TAX INC. DIST. REVENUES INTEREST 10,000 53,601 45,000 TAXES 6,300,000 5,283,445 5,500,000 5,545,000 6,310,000 5,337,046 EXPENDITURES TAX INCREMENT DISTRICTS 4,769,300 3,351,804 5,545,000 TAX INCREMENT DISTRICTS DEBT SERVIC 1,540,700 1,847,822 - 5,545,000 6,310,000 5,199,626 74 ---PAGE BREAK--- 10,000 45,000 10,000 45,000 6,300,000 5,500,000 6,300,000 5,500,000 6,310,000 5,545,000 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET DDO TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET TAXES PROPERTY TAXES 5,283,445 4,436,450 Property Taxes are assessed within the DDO Tax Increment District to fund improvements 5,283,445 4,436,450 INTEREST GENERAL 53,601 3,424 Interest Income is any interest earned to positive cash balance 53,601 3,424 DDO TAX INC. DIST. TOTAL 5,337,046 4,439,874 75 ---PAGE BREAK--- 1,540,700 - 1,540,700 - OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES DDO TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET 1,847,822 1,832,263 1,540,700 - DIVISION SUMMARY BUSINESS DEVELOPMENT BUSINESS DEVELOPMENT DEBT SERVICE 1,847,822 1,832,263 1,540,700 - TAX INCREMENT DISTRICTS DEBT SERVICE 1,847,822 1,832,263 1,540,700 - 1,847,822 1,832,263 1,540,700 - FUNDING SOURCES BUSINESS DEVELOPMENT TAX REVENUE 76 ---PAGE BREAK--- 10,000 45,000 4,759,300 5,500,000 4,769,300 5,545,000 COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 53,804 23,059 1,470,400 75,000 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES DDO TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET INTERAGENCY TRANSFERS 3,298,000 - 3,298,900 5,470,000 3,351,804 23,059 4,769,300 5,545,000 5,545,000 3,351,804 23,059 4,769,300 5,545,000 FUNDING SOURCES DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 3,351,804 23,059 4,769,300 COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE 77 ---PAGE BREAK--- AMERICAN CAN DISTRICT 78 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES AMERICAN CAN TAX INC. DIST. 2015 BUDGET 2014 ADOPTED 2013 ACTUAL AMERICAN CAN TAX INC. DIST. REVENUES INTEREST 5,000 4,732 5,000 TAXES 600,000 494,709 500,000 505,000 605,000 499,441 EXPENDITURES TAX INCREMENT DISTRICTS 605,000 514,579 505,000 505,000 605,000 514,579 79 ---PAGE BREAK--- 5,000 5,000 5,000 5,000 600,000 500,000 600,000 500,000 605,000 505,000 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET AMERICAN CAN TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET TAXES PROPERTY TAXES 494,709 388,769 494,709 388,769 Property Taxes are assessed within the American Can Tax Increment District to fund improvements INTEREST GENERAL 4,732 1,600 Interest Income is any interest earned to positive cash balance 4,732 1,600 AMERICAN CAN TAX INC. DIST. TOTAL 499,441 390,369 80 ---PAGE BREAK--- 5,000 5,000 600,000 500,000 605,000 505,000 COMMUNITY AND ECONOMIC DEVELOPMENT CHARGES FOR SERVICES 70,630 - 25,000 - OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES AMERICAN CAN TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET 125,000 514,579 41,181 605,000 505,000 OTHER OPERATING EXPENSE 70,272 41,181 205,000 23,000 DEBT SERVICE 250,000 - 250,000 357,000 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 514,579 41,181 605,000 OPERATING TRANSFERS 123,677 - 125,000 COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE 505,000 514,579 41,181 605,000 505,000 FUNDING SOURCES 81 ---PAGE BREAK--- WALL AVE DISTRICT 82 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES WALL AVENUE TAX INC. DIST. 2015 BUDGET 2014 ADOPTED 2013 ACTUAL WALL AVENUE TAX INC. DIST. REVENUES INTEREST 2,500 3,012 2,000 TAXES 240,000 144,683 160,000 162,000 242,500 147,695 EXPENDITURES TAX INCREMENT DISTRICTS 242,500 102,852 162,000 162,000 242,500 102,852 83 ---PAGE BREAK--- 2,500 2,000 2,500 2,000 240,000 160,000 240,000 160,000 242,500 162,000 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET WALL AVENUE TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET TAXES PROPERTY TAXES 144,683 104,424 144,683 104,424 Property Taxes are assessed within the Wall Avenue Tax Increment District to fund improvements INTEREST GENERAL 3,012 1,226 Interest Income is any interest earned to positive cash balance 3,012 1,226 WALL AVENUE TAX INC. DIST. TOTAL 147,695 105,650 84 ---PAGE BREAK--- 2,500 2,000 240,000 160,000 242,500 162,000 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES WALL AVENUE TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 835 11,910 146,700 57,000 102,852 17,543 242,500 162,000 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT DEBT SERVICE 65,846 5,633 60,800 65,000 OPERATING TRANSFERS 36,171 - 35,000 40,000 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE TAX INCREMENT DISTRICTS 102,852 17,543 242,500 162,000 102,852 17,543 242,500 162,000 85 ---PAGE BREAK--- WEST 12TH DISTRICT 86 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES WEST 12TH TAX INC. DIST. 2015 BUDGET 2014 ADOPTED 2013 ACTUAL WEST 12TH TAX INC. DIST. REVENUES INTEREST 5,000 6,026 5,000 TAXES 3,000,000 1,687,469 1,700,000 1,705,000 3,005,000 1,693,495 EXPENDITURES TAX INCREMENT DISTRICTS 3,005,000 1,794,284 1,705,000 1,705,000 3,005,000 1,794,284 87 ---PAGE BREAK--- 5,000 5,000 5,000 5,000 3,000,000 1,700,000 3,000,000 1,700,000 3,005,000 1,705,000 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET WEST 12TH TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET TAXES PROPERTY TAXES 1,687,469 1,804,088 1,687,469 1,804,088 INTEREST GENERAL 6,026 1,174 Interest Income is any interest earned to positive cash balance 6,026 1,174 WEST 12TH TAX INC. DIST. TOTAL 1,693,495 1,805,262 Property Taxes are assessed within the West 12th Tax Increment District to fund improvements 88 ---PAGE BREAK--- 5,000 5,000 3,000,000 1,700,000 3,005,000 1,705,000 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES WEST 12TH TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 132,245 - 1,400,000 139,175 1,794,284 7,200 3,005,000 1,705,000 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT DEBT SERVICE 1,281,177 7,200 1,235,525 1,182,125 OPERATING TRANSFERS 380,862 - 369,475 383,700 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE TAX INCREMENT DISTRICTS 1,794,284 7,200 3,005,000 1,705,000 1,794,284 7,200 3,005,000 1,705,000 89 ---PAGE BREAK--- HINCKLEY DRIVE DISTRICT 90 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES HINCKLEY DR TAX INC. DIST. 2015 BUDGET 2014 ADOPTED 2013 ACTUAL HINCKLEY DR TAX INC. DIST. REVENUES INTEREST 5,000 2,738 2,500 TAXES 1,035,000 395,831 400,000 402,500 1,040,000 398,570 EXPENDITURES TAX INCREMENT DISTRICTS 1,040,000 402,715 402,500 402,500 1,040,000 402,715 91 ---PAGE BREAK--- 5,000 2,500 5,000 2,500 1,035,000 400,000 1,035,000 400,000 1,040,000 402,500 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET HINCKLEY DR TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET TAXES PROPERTY TAXES 395,831 288,355 Property Taxes are assessed within the Hinckley Drive Tax Increment District to fund improvements 395,831 288,355 INTEREST GENERAL 2,738 728 Interest Income is any interest earned to positive cash balance 2,738 728 HINCKLEY DR TAX INC. DIST. TOTAL 398,570 289,083 92 ---PAGE BREAK--- 5,000 2,500 1,035,000 400,000 1,040,000 402,500 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES HINCKLEY DR TAX INC. DIST. 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT CHARGES FOR SERVICES - - 551,700 215,600 OTHER OPERATING EXPENSE - - 325,000 94,900 DEBT SERVICE 311,674 - - - OPERATING TRANSFERS 91,041 - 163,300 92,000 402,715 - 1,040,000 402,500 402,500 402,715 - 1,040,000 402,500 FUNDING SOURCES DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 402,715 - 1,040,000 COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE 93 ---PAGE BREAK--- OGDEN RIVER REDEVELOPMENT PROJECT 94 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES OGDEN RIVER REDEV PROJECT AREA 2015 BUDGET 2014 ADOPTED 2013 ACTUAL OGDEN RIVER REDEV PROJECT AREA REVENUES INTEREST - 2,269 500 MISCELLANEOUS - 111,401 - OTHER FINANCING SOURCES 590,000 555,723 590,000 TAXES 130,000 55,922 60,000 650,500 720,000 725,315 EXPENDITURES TAX INCREMENT DISTRICTS 720,000 3,795,624 650,500 650,500 720,000 3,795,624 95 ---PAGE BREAK--- - 500 - 500 - - - - 590,000 590,000 590,000 590,000 130,000 60,000 130,000 60,000 720,000 650,500 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET OGDEN RIVER REDEV PROJECT AREA 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET MISCELLANEOUS SALE OF ASSETS 111,401 - Sale of assets revenue is generated through the occasional sale of fixed assets. 111,401 - INTEREST GENERAL 2,269 713 Interest Income is any interest earned to positive cash balance 2,269 713 TAXES PROPERTY TAXES 55,922 79,810 Property Taxes are assessed within the Ogden River Redevelopment Area District to fund improvements. 55,922 79,810 OTHER FINANCING SOURCES TRANSFERS 555,723 - Transfers are money transfered in to the Redevelopment Agency to make payments 555,723 - OGDEN RIVER REDEV PROJECT AREA TOTAL 725,315 80,524 96 ---PAGE BREAK--- - 500 130,000 60,000 590,000 590,000 720,000 650,500 COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE - - 250,000 143,000 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES OGDEN RIVER REDEV PROJECT AREA 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET DEBT SERVICE 38,064 - - - LAND 20,375 - - - 3,795,624 444,866 720,000 650,500 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT IMPROVEMENTS 3,723,205 444,866 462,500 500,000 OPERATING TRANSFERS 13,980 - 7,500 7,500 TAX INCREMENT DISTRICTS 3,795,624 444,866 720,000 650,500 3,795,624 444,866 720,000 650,500 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT TRANSFER FROM OTHER FUNDS TAX REVENUE INTEREST INCOME 97 ---PAGE BREAK--- AIRPORT DISTRICT 98 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES HINCKLEY AIRPORT 2015 BUDGET 2014 ADOPTED 2013 ACTUAL HINCKLEY AIRPORT REVENUES INTEREST 1,000 1,365 1,000 TAXES 265,000 163,600 175,000 176,000 266,000 164,965 EXPENDITURES TAX INCREMENT DISTRICTS 266,000 164,887 176,000 176,000 266,000 164,887 99 ---PAGE BREAK--- 1,000 1,000 1,000 1,000 265,000 175,000 265,000 175,000 266,000 176,000 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET HINCKLEY AIRPORT 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET TAXES PROPERTY TAXES 163,600 131,061 Property Taxes are assessed within the Hinckley Airport Tax Increment District to fund improvements 163,600 131,061 INTEREST GENERAL 1,365 433 Interest income if any is earned on positive cash balances. 1,365 433 HINCKLEY AIRPORT TOTAL 164,965 131,494 100 ---PAGE BREAK--- 1,000 1,000 265,000 175,000 266,000 176,000 COMMUNITY AND ECONOMIC DEVELOPMENT CHARGES FOR SERVICES - - 91,000 - OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES HINCKLEY AIRPORT 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET OTHER OPERATING EXPENSE 164,887 - 175,000 176,000 164,887 - 266,000 176,000 176,000 164,887 - 266,000 176,000 FUNDING SOURCES DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 164,887 - 266,000 COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE 101 ---PAGE BREAK--- SOUTH WALL ECONOMIC DEV AREA 102 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES SOUTH WALL ECONOMIC DEV AREA 2015 BUDGET 2014 ADOPTED 2013 ACTUAL SOUTH WALL ECONOMIC DEV AREA REVENUES TAXES 30,300 - 7,500 7,500 30,300 - EXPENDITURES TAX INCREMENT DISTRICTS 30,300 - 7,500 7,500 30,300 - 103 ---PAGE BREAK--- 30,300 7,500 30,300 7,500 30,300 7,500 TAXES PROPERTY TAXES - - Property Taxes are assessed within the South Wall Economic Development Area to fund improvements. - - OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET SOUTH WALL ECONOMIC DEVELOPMENT AREA 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET - - SOUTH WALL ECONOMIC DEV AREA TOTAL 104 ---PAGE BREAK--- 30,300 7,500 30,300 7,500 COMMUNITY AND ECONOMIC DEVELOPMENT CHARGES FOR SERVICES - - 30,300 - OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES SOUTH WALL ECONOMIC DEVELOPMENT AREA 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET - - 30,300 7,500 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE - - - 6,000 OPERATING TRANSFERS - - - 1,500 TAX INCREMENT DISTRICTS - - 30,300 7,500 - - 30,300 7,500 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT TAX REVENUE 105 ---PAGE BREAK--- TRACKLINE ECONOMIC DEV AREA 106 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES TRACKLINE ECONOMIC DEV AREA 2015 BUDGET 2014 ADOPTED 2013 ACTUAL TRACKLINE ECONOMIC DEV AREA REVENUES TAXES - - 15,000 15,000 - - EXPENDITURES TAX INCREMENT DISTRICTS - - 15,000 15,000 - - 107 ---PAGE BREAK--- - 15,000 - 15,000 - 15,000 - - - - OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET TRACKLINE ECONOMIC DEVELOPMENT AREA 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET Property Taxes are assessed within the Trackline Economic Development Area to fund improvements. TRACKLINE ECONOMIC DEV AREA TOTAL - - TAXES PROPERTY TAXES 108 ---PAGE BREAK--- - 15,000 - 15,000 COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE - - - 11,250 OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES TRACKLINE ECONOMIC DEVELOPMENT AREA 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET OPERATING TRANSFERS - - - 3,750 - - - 15,000 - - 15,000 FUNDING SOURCES DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS - - - COMMUNITY AND ECONOMIC DEVELOPMENT TAX REVENUE 15,000 - 109 ---PAGE BREAK--- EAST WASHINGTON URBAN RENEWAL AREA 110 ---PAGE BREAK--- OGDEN REDEVELOPMENT AGENCY 2014- 2015 BUDGET SUMMARY OF REVENUES AND EXPENDITURES EAST WASHINGTON URBAN RENEWAL AREA 2015 BUDGET 2014 ADOPTED 2013 ACTUAL EAST WASHINGTON URBAN RENEWAL AREA REVENUES TAXES - - 35,000 35,000 - - EXPENDITURES TAX INCREMENT DISTRICTS - - 35,000 35,000 - - 111 ---PAGE BREAK--- - 35,000 - 35,000 - 35,000 EAST WASHINGTON URBAN RENEWAL AREA TOTAL - - Property Taxes are assessed within the East Washington Urban Renewal Area to fund improvements. TAXES PROPERTY TAXES - - - - OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET FISCAL YEAR REVENUE BUDGET EAST WASHINGTON URBAN RENEWAL AREA 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET 112 ---PAGE BREAK--- - 35,000 - 35,000 SUMMARY OF DEPARTMENTAL EXPENDITURES EAST WASHINGTON URBAN RENEWAL AREA 2013 ACTUAL 2014 7-MO ACTUAL 2014 ADOPTED 2015 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OGDEN REDEVELOPMENT AGENCY 2014-2015 BUDGET OTHER OPERATING EXPENSE - - - 27,125 OPERATING TRANSFERS - - - 7,875 COMMUNITY AND ECONOMIC DEVELOPMENT TAX REVENUE 35,000 - - - 35,000 FUNDING SOURCES DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS - - - - - - 35,000 113