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1 Ogden Redevelopment Agency Work Session: May 23, 2017 PROPOSED FY2017-2018 BUDGET - OGDEN CITY REDEVELOPMENT AGENCY Purpose of Work Session To Review and Discuss the Proposed FY18 RDA Budget Executive Summary The Administration will present the FY2017-2018 Redevelopment Agency Budget for discussion. Background Each year the Mayor, serving as Executive Director of the Redevelopment Agency, presents the RDA Budget at a meeting in May as required by state law. State law also requires that the annual budget be adopted no later than June 22. The Redevelopment Agency Board is comprised of all members of the Ogden City Council as Board members. The Chair of the City Council serves as the Chair of the Board. May 16, 2017 The Administration presented the FY18 RDA Budget. The Board accepted the budget for review and set a public hearing for June 6 for final consideration. Proposal The current proposal is to adopted the proposed FY2017-2018 RDA Budget totaling $20,456,000. The Mayor’s proposed Tentative Budget totaled $17,267,000. The Administration has submitted a proposed Schedule A that increases the budget to $20,456,000. The additional revenue is from BDO Lease Revenue to provide for purchase of properties in the Trackline and Ogden River Project Areas. The RDA is funded primarily through tax increment received from the various redevelopment districts. A contribution to the General Fund covers services provided to the RDA by City administrative staff. ---PAGE BREAK--- 2 Ogden Redevelopment Agency Work Session: May 23, 2017 A comparison of the FY2017 Adopted Budget and the FY2018 proposed budget shows the followings: The reduction in the Mayor’s proposed budget is due to expiration of two Redevelopment Areas in 2015: West 12th Street Hinckley Drive The Administration has proposed amendments to the Mayor’s budget totaling $3,189,000. If the proposed Schedule A is adopted the comparisons between FY2017 and FY2018 shows the following: New redevelopment areas currently being considered (Oak Den and Adams CRA’s), if approved, would not generate revenues until Fiscal Year 2019 or beyond. RDA Administration 744,900 $ 1,413,200 $ 668,300 $ 89.72% Tax Increment 15,930,125 $ 13,916,875 $ (2,013,250) $ -12.64% RDA Housing 1,432,875 $ 1,936,925 $ 504,050 $ 35.18% Total 18,107,900 $ 17,267,000 $ (840,900) $ -4.64% Adopted FY2017 Original Proposed FY2018 Amount Change % Change RDA Administration 744,900 $ 2,565,200 $ 1,820,300 $ 244.37% Tax Increment/Transfers 15,930,125 $ 15,953,875 $ 23,750 $ 0.15% RDA Housing 1,432,875 $ 1,936,925 $ 504,050 $ 35.18% Total 18,107,900 $ 20,456,000 $ 2,348,100 $ 12.97% Adopted FY2017 Amended Proposed FY2018 Amount Change % Change ---PAGE BREAK--- 3 Ogden Redevelopment Agency Work Session: May 23, 2017 The Administration has provided a spreadsheet summarizing the revenues and expenditures of the various RDA areas. In addition to the RDA’s operational budget, the RDA Board also has a budget of $10,000 for travel and education. This is an increase of $5,200 over the FY2017 budget. Questions 1. Please provide an overview of the distribution of RDA property tax and other revenue by district (Spreadsheet information). 2. Please identify the districts that will expire in the next three years. 3. What are the RDA projects most likely to come to fruition in the FY2018 Budget year? Board Staff Contact: Janene Eller-Smith, (801)629-8165 ---PAGE BREAK--- PROPOSED DISTRIBUTION OF FY 16RDA PROPERTY TA 3/7/17 Haircut NON HAIRCUT TOTAL TOTAL DISTRICT DVLOPER ALLOWBL Allocate to TRANSFER TOTAL DIST GENERAL HAIRCUT PROPERTY FY2017 FY2016 FY2015 OTHER DISTRICT DISTRICT DEBT DEBT OPERATING SPECIFIC DIRT DIST Recreation Housing and FOR GEN TOTAL BUDGETED DIST DISTRICT NBR PROP TAX AMOUNT TAX YTD Actual Actual Actual REVENUE REVENUE CONTINGENT PRINCIPAL INTEREST EXPENSES EXPENSES COSTS Center Ogden River ADMIN DISTRIB REVENUE NBR Difference AGENCY ADMIN 3120-2- - $ - $ - $ 1,413,200 $ 1,413,200 $ - $ - $ - $ - $ - $ 26,200 $ 700,000 $ 687,000 $ 1,413,200 $ 1,413,200 $ 3120-2- 1 $ HOUSING FUND 3900-2- - $ - $ - $ 1,936,925 $ 1,936,925 $ 246,300 $ 888,700 $ 111,300 $ - $ 240,625 $ - $ 300,000 $ 150,000 $ 1,936,925 $ 1,936,925 $ 3900-2- - $ FAIRMONT 3130-2- - $ 1,103,000 $ 1,103,000 $ 1,102,896 $ 1,181,192 $ 1,245,033 $ 46,000 $ 1,149,000 $ 46,000 $ 290,000 $ 19,575 $ - $ - $ 5,000 $ 788,425 $ - $ - $ 1,149,000 $ 1,149,000 $ 3130-2- - $ CBD MALL 3140-2- 1,223,300 $ - $ 1,223,300 $ 1,223,389 $ 1,374,317 $ 1,356,988 $ 2,957,500 $ 4,180,800 $ 192,425 $ 2,170,000 $ 728,375 $ 290,000 $ 800,000 $ - $ - $ - $ - $ 4,180,800 $ 4,180,800 $ 3140-2- - $ SO CBD 3150-2- - $ 63,300 $ 63,300 $ 63,333 $ 75,213 $ 67,153 $ 250 $ 63,550 $ 250 $ - $ - $ - $ - $ - $ 63,300 $ - $ - $ 63,550 $ 63,550 $ 3150-2- - $ LINCOLN 3160-2- 219,690 $ 146,460 $ 366,150 $ 366,150 $ 487,876 $ 499,882 $ 2,500 $ 368,650 $ 100 $ - $ - $ - $ - $ 10,000 $ 146,450 $ - $ 212,100 $ 368,650 $ 368,650 $ 3160-2- - $ WASHINGTON BLVD 3170-2- - $ - $ - $ - $ 400,656 $ 344,949 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 3170-2- - $ LESTER PARK 3180-2- - $ 97,500 $ 97,500 $ 97,534 $ 115,871 $ 93,413 $ 375 $ 97,875 $ 375 $ - $ - $ - $ - $ - $ 97,500 $ - $ - $ 97,875 $ 97,875 $ 3180-2- - $ GOLDEN LINKS 3190-2- - $ 600 $ 600 $ 605 $ 720 $ 713 $ - $ 600 $ - $ - $ - $ - $ - $ - $ 600 $ - $ - $ 600 $ 600 $ 3190-2- - $ PARK BLVD 3200-2- - $ 55,050 $ 55,050 $ 55,063 $ 60,005 $ 63,475 $ 200 $ 55,250 $ 200 $ - $ - $ - $ - $ - $ 55,050 $ - $ - $ 55,250 $ 55,250 $ 3200-2- - $ 25TH STREET 3210-2- 39,500 $ - $ 39,500 $ 39,583 $ 579,875 $ 674,224 $ 398,100 $ 437,600 $ 500 $ 430,000 $ 5,100 $ 2,000 $ - $ - $ - $ - $ - $ 437,600 $ 437,600 $ 3210-2- - $ ST BENEDICTS MNR 3220-2- - $ - $ - $ - $ 218,684 $ 200,370 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 3220-2- - $ UNION GARDENS 3230-2- - $ - $ - $ - $ 22,182 $ 23,762 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 3230-2- - $ 12TH STREET 3240-2- - $ 196,500 $ 196,500 $ 196,566 $ 202,469 $ 168,165 $ 500 $ 197,000 $ 500 $ - $ - $ - $ - $ - $ 196,500 $ - $ - $ 197,000 $ 197,000 $ 3240-2- - $ DDO (75%) 3260-2- 5,170,500 $ - $ 5,170,500 $ 5,170,696 $ 5,341,264 $ 5,243,040 $ 200,000 $ 5,370,500 $ 200,000 $ - $ - $ 100,000 $ 5,070,500 $ - $ - $ - $ - $ 5,370,500 $ 5,370,500 $ 3260-2- - $ AMERICAN CAN 3270-2- 566,150 $ - $ 566,150 $ 566,166 $ 611,397 $ 495,558 $ 5,000 $ 571,150 $ 100 $ 326,825 $ - $ - $ 131,000 $ - $ - $ 113,225 $ $ 571,150 $ 571,150 $ 3270-2- $ WALL AVE (100%) 3290-2 167,500 $ - $ 167,500 $ 167,670 $ 135,022 $ 136,371 $ 2,000 $ 169,500 $ 50,375 $ 75,000 $ 2,250 $ - $ - $ - $ - $ 33,500 $ 8,375 $ 169,500 $ 169,500 $ 3290-2 - $ WEST 12TH (70%) 3300-2 - $ - $ - $ 1,668,824 $ 1,879,558 $ 1,928,645 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 3300-2 - $ HINCKLEY DR (70%) 3310-2 - $ - $ - $ 184,710 $ 227,350 $ 309,869 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 3310-2 - $ OGDEN RIVER 3320-2 200,000 $ - $ 200,000 $ 209,980 $ 112,487 $ 109,193 $ 150,500 $ 350,500 $ 11,750 $ 150,000 $ - $ - $ 138,750 $ - $ - $ 40,000 $ 10,000 $ 350,500 $ 350,500 $ 3320-2 - $ HINCKLEY AIRPORT 3330-2 164,000 $ - $ 164,000 $ 164,358 $ 169,924 $ 162,172 $ 1,500 $ 165,500 $ 1,500 $ - $ - $ - $ 164,000 $ - $ - $ - $ - $ 165,500 $ 165,500 $ 3330-2 - $ SOUTH WALL 3340-2 78,200 $ - $ 78,200 $ 78,231 $ 30,848 $ 42,685 $ 100 $ 78,300 $ 52,050 $ - $ - $ - $ 26,250 $ - $ - $ - $ - $ 78,300 $ 78,300 $ 3340-2 - $ TRACKLINE EDA 3350-2 55,000 $ - $ 55,000 $ 55,195 $ 26,467 $ 25,725 $ 410,000 $ 465,000 $ 183,050 $ - $ 108,200 $ - $ 160,000 $ - $ - $ 11,000 $ 2,750 $ 465,000 $ 465,000 $ 3350-2 - $ EAST WASHINGTON 3360-2 36,000 $ - $ 36,000 $ 36,341 $ 25,918 $ 53,656 $ 100 $ 36,100 $ 28,000 $ - $ - $ - $ - $ - $ - $ 7,200 $ 900 $ 36,100 $ 36,100 $ 3360-2 - $ KIESEL 3370-2 - $ - $ 160,000 $ - $ - $ - $ - $ 160,000 $ 112,000 $ - $ - $ - $ - $ - $ - $ 32,000 $ 16,000 $ 160,000 $ 160,000 $ - $ Haircut Districts - $ 7,919,840 $ 1,662,410 $ 9,742,250 $ 11,447,290 $ 13,279,297 $ 13,245,040 $ 4,174,625 $ 13,916,875 $ 879,175 $ 4,330,525 $ 974,800 $ 392,000 $ 6,490,500 $ 15,000 $ 1,347,825 $ 236,925 $ 250,125 $ 13,916,875 $ 13,916,875 $ A 17,267,000 $ 5,155,325 $ 17,267,000 $ 17,267,000 $ - $ Mall Dist Other Revenue Interest 78,050 $ 98,910 $ July 17 Pmt 1781 Gobson Ave, due annually in July 15, 16, 17, 18, 19 Rec Center Lease 694,800 $ 78,810 $ Oct 17 Pmt 1810 Gibson Ave, due annually in Oct. 14,15,16,17 18, Theatre Lease - $ 48,250 $ Wheelright Miscellaneous 10,000 $ 20,340 $ Rightaid BDO 500,000 $ Gibbs Needs to be $357,000 Am Can for Debt 326,825 $ 246,310 $ Hair Cut 1,347,825 $ A 2,957,500 $ NOTES: Make sure American Can covers full debt payment Move additional housing funds from Wall Revenues Expenditures ---PAGE BREAK--- ---PAGE BREAK--- ---PAGE BREAK--- OGDEN CITY REDEVELOPMENT AGENCY State of Utah Summary and Narrative Of Line Item BUDGET FISCAL YEAR 2017 - 2018 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 Marcia L. White, Chairperson Richard A. Hyer, Vice-Chairperson Bart E. Blair Neil K. Garner Luis Lopez Ben Nadolski Doug Stephens Executive Director Michael P. Caldwell Compiled by: Department of Management Services David G. Buxton, Management Services Director Lisa Stout, CPA, Comptroller Camille Cook, CGFM, Deputy Comptroller 2 ---PAGE BREAK--- TABLE OF CONTENTS BUDGET 2017‐2018 Map of Project Areas 6 List of Project Areas 7 Summary Charts: Sources of Funding 10 Departmental Expenditures 10 Revenue Summary 11 Schedule of Appropriations 15 Program Summary 19 Ogden Redevelopment Agency Summary of Revenues and Expenditures 25 Revenue Sources 26 Expenditure Detail 27 Fairmount District Summary of Revenues and Expenditures 30 Revenue Sources 31 Expenditure Detail 32 CBD Mall District Summary of Revenues and Expenditures 34 Revenue Sources 35 Expenditure Detail 36 South CBD District Summary of Revenues and Expenditures 38 Revenue Sources 39 Expenditure Detail 40 Lincoln District Summary of Revenues and Expenditures 42 Revenue Sources 43 Expenditure Detail 44 3 ---PAGE BREAK--- Table of Contents (continued) Lester Park District Summary of Revenues and Expenditures 46 Revenue Sources 47 Expenditure Detail 48 Golden Links District Summary of Revenues and Expenditures 50 Revenue Sources 51 Expenditure Detail 52 Park Boulevard District Summary of Revenues and Expenditures 54 Revenue Sources 55 Expenditure Detail 56 25th Street District Summary of Revenues and Expenditures 58 Revenue Sources 59 Expenditure Detail 60 12th Street District Summary of Revenues and Expenditures 62 Revenue Sources 63 Expenditure Detail 64 DDO Economic Development Project Area Summary of Revenues and Expenditures 66 Revenue Sources 67 Expenditure Detail 68 American Can Summary of Revenues and Expenditures 70 Revenue Sources 71 Expenditure Detail 72 Wall Avenue Summary of Revenues and Expenditures 74 Revenue Sources 75 Expenditure Detail 76 West 12th Economic Development Project Area Summary of Revenues and Expenditures 78 Revenue Sources 79 Expenditure Detail 80 4 ---PAGE BREAK--- Table of Contents (continued) Hinckley Drive Economic Development Project Area Summary of Revenues and Expenditures 82 Revenue Sources 83 Expenditure Detail 84 Ogden River Redevelopment Project Area Summary of Revenues and Expenditures 86 Revenue Sources 87 Expenditure Detail 88 Hinckley Airport Summary of Revenues and Expenditures 90 Revenue Sources 91 Expenditure Detail 92 South Wall Economic Development Project Area Summary of Revenues and Expenditures 94 Revenue Sources 95 Expenditure Detail 96 Trackline Economic Development Project Area Summary of Revenues and Expenditures 98 Revenue Sources 99 Expenditure Detail 100 East Washington Urban Renewal Area Summary of Revenues and Expenditures 102 Revenue Sources 103 Expenditure Detail 104 Kiesel Community Development Project Area Summary of Revenues and Expenditures 106 Revenue Sources 107 Expenditure Detail 108 RDA Housing Fund Summary of Revenues and Expenditures 110 Revenue Sources 111 Expenditure Detail 112 5 ---PAGE BREAK--- Map of Project Areas 6 ---PAGE BREAK--- List of Project Areas REDEVELOPMENT PROJECT AREAS CBD MALL (1977). Originally created to facilitate the development of the Ogden City Mall. After exceeding its useful life, the Mall was demolished in 2002 and the site was approved in 2004 for a new mixed-use lifestyle center 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 and has been the recipient of numerous local and national awards. Expires 2015; except on Eccles Building (Hampton Inn) 2017. No sunset ordinance. ST. BENEDICT MANOR (1981). Created to convert the old hospital to a 100-unit apartment complex for seniors. Tax increment may only be used for recreation center purposes until 2015. Resolution to close the area and cease collecting tax increment was approved in 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. Resolution to close the area and cease collecting tax increment was approved in 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. Resolution to close the area and cease collecting tax increment was approved in 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. 7 ---PAGE BREAK--- 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. 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. HINCKLEY 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. The expiration date of the project area was extended by vote of the taxing entities committee from tax year 2017 to 2027. 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. COMMUNITY DEVELOPMENT PROJECT AREAS KIESEL (2015). Created for the purpose of supporting the redevelopment of historic buildings, strengthening Ogden’s employment and tax base, and creating a mechanism to support additional downtown parking. Expires 2025. 8 ---PAGE BREAK--- 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. 9 ---PAGE BREAK--- 746,800 158,275 165,000 6,454,675 9,742,250 17,267,000 13,916,875 10,000 3,340,125 17,267,000 COUNCIL 0.06% RDA 19.34% 100% 100% DEPARTMENTAL EXPENDITURES COMMUNITY AND ECONOMIC DEVELOPMENT 80.60% MISCELLANEOUS 0.96% OTHER FINANCING SOURCES 37.38% TAXES 56.42% INTEREST 0.92% OGDEN REDEVELOPMENT AGENCY 2017 ‐ 2018 BUDGET FUNDING SOURCES CHARGES FOR SERVICES 4.33% FUNDING SOURCES CHARGES FOR SERVICES INTEREST MISCELLANEOUS OTHER FINANCING SOURCES TAXES DEPARTMENTAL EXPENDITURES COMMUNITY AND ECONOMIC DEVELOPMENT COUNCIL RDA 10 ---PAGE BREAK--- 1.14% 2.53% 3.31% 24.21% 31.10% 0.21% 6.65% 0.00% 0.96% 0.93% 0.57% 2.13% 8.18% 2.03% 0.32% 11.22% 0.37% 0.45% 2.69% 0.98% 100% OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET REVENUE SUMMARY 12TH STREET TAX INC. DIST. 197,000 25TH STREET TAX INC. DIST. 437,600 AMERICAN CAN TAX INC. DIST. 571,150 CBD MALL TAX INC. DIST. 4,180,800 DDO ECONOMIC DEVELOPMENT AREA 5,370,500 EAST WASHINGTON URBAN RENEWAL AREA 36,100 FAIRMOUNT TAX INC. DIST. 1,149,000 GOLDEN LINKS TAX INC. DIST. 600 HINCKLEY AIRPORT 165,500 LESTER PARK TAX INC. DIST. 97,875 KIESEL COMMUNITY DEVELOPMENT AREA 160,000 LINCOLN TAX INC. DIST. 368,650 OGDEN REDEVELOPMENT AGENCY 1,413,200 OGDEN RIVER REDEV PROJECT AREA 350,500 PARK BLVD. TAX INC. DIST. 55,250 SOUTH CBD TAX INC. DIST. 63,550 SOUTH WALL ECONOMIC DEV AREA 78,300 RDA HOUSING 1,936,925 TRACKLINE ECONOMIC DEV AREA 465,000 17,267,000 WALL AVENUE TAX INC. DIST. 169,500 $17,267,000 DDO TAX INC. DIST. EAST WASHINGTON URBAN RENEWAL AREA FAIRMOUNT TAX INC. DIST. KIESEL COMMUNITY DEV AREA GOLDEN LINKS TAX INC. DIST. HINCKLEY AIRPORT LESTER PARK TAX INC. DIST. LINCOLN OGDEN REDEVELOPMENT AGENCY OGDEN RIVER REDEV PROJECT AREA PARK BLVD. RDA HOUSING SOUTH CBD SOUTH WALL ECONOMIC DEV AREA TRACKLINE ECONOMIC DEV AREA WALL AVENUE 12TH STREET TAX INC. DIST. 25TH STREET TAX INC. DIST. AMERICAN CAN TAX INC. DIST. CBD MALL TAX INC. DIST. 11 ---PAGE BREAK--- 13,603 11,200 15,000 15,000 1,812,650 1,387,000 1,841,253 1,413,200 ‐ 42,000 4,159 4,000 58,129 ‐ 1,181,192 1,103,000 1,243,480 1,149,000 739,935 704,800 (6,343) 78,050 767,749 ‐ 23,963,535 2,174,650 1,374,317 1,223,300 26,839,193 4,180,800 257 250 75,213 63,300 75,470 63,550 2,961 2,500 487,876 366,150 490,837 368,650 385 375 115,871 97,500 116,256 97,875 4 ‐ 720 600 724 600 201 200 60,005 55,050 60,206 55,250 INTEREST 1,500 TAXES 490,000 INTEREST 200 INTEREST 10,000 OTHER FINANCING SOURCES 1,937,225 TAXES 1,300,000 MISCELLANEOUS ‐ INTEREST 250 100,000 INTEREST 25 TAXES 725 60,150 150 TAXES 60,000 100,250 GOLDEN LINKS TAX INC. DIST. 750 PARK BLVD. TAX INC. DIST. TAXES CHARGES FOR SERVICES 699,800 3,947,025 SOUTH CBD TAX INC. DIST. MISCELLANEOUS 15,000 FAIRMOUNT TAX INC. DIST. TAXES 1,200,000 INTEREST 2,500 MISCELLANEOUS ‐ OGDEN CITY 2017‐2018 BUDGET REVENUE SUMMARY REPORT 744,900 INTEREST 6,000 OTHER FINANCING SOURCES 723,900 CHARGES FOR SERVICES 65,000 1,267,500 TAXES 68,500 68,700 LINCOLN TAX INC. DIST. 491,500 LESTER PARK TAX INC. DIST. INTEREST 2016 ACTUAL 2017 ADOPTED 2018 BUDGET OGDEN REDEVELOPMENT AGENCY CBD MALL TAX INC. DIST. 12 ---PAGE BREAK--- OGDEN CITY 2017‐2018 BUDGET REVENUE SUMMARY REPORT 2016 ACTUAL 2017 ADOPTED 2018 BUDGET 4,231 2,000 ‐ 396,100 579,875 39,500 584,106 437,600 1,008 500 202,469 196,500 203,477 197,000 53,674 50,000 ‐ 150,000 5,341,264 5,170,500 5,394,938 5,370,500 6,251 5,000 611,397 566,150 617,648 571,150 4,064 2,000 135,022 167,500 139,086 169,500 10,948 ‐ 1,879,558 ‐ 1,890,506 ‐ 6,940 ‐ 227,350 ‐ 234,290 ‐ 841 500 630,000 150,000 112,487 200,000 743,328 350,500 2,676 1,500 169,924 164,000 172,600 165,500 400,000 TAXES 169,000 OTHER FINANCING SOURCES 129,900 12TH STREET TAX INC. DIST. 175,600 INTEREST 600 TAXES 175,000 DDO ECONOMIC DEVELOPMENT PROJECT AREA 5,745,000 INTEREST WALL AVENUE TAX INC. DIST. 137,000 HINCKLEY AIRPORT TAX INC. DIST. WEST 12TH TAX INC. DIST. 1,904,000 HINCKLEY DR TAX INC. DIST. 605,000 1,000 AMERICAN CAN TAX INC. DIST. OGDEN RIVER REDEV. PROJECT AREA 512,050 25TH STREET TAX INC. DIST. 171,900 INTEREST 2,000 TAXES 40,000 MISCELLANEOUS 400,000 45,000 INTEREST TAXES 5,300,000 INTEREST 5,000 TAXES 600,000 INTEREST 2,000 TAXES 135,000 238,500 INTEREST 50 TAXES 112,000 2,500 INTEREST INTEREST 6,000 TAXES 1,898,000 TAXES 236,000 OTHER FINANCING SOURCES 170,000 13 ---PAGE BREAK--- OGDEN CITY 2017‐2018 BUDGET REVENUE SUMMARY REPORT 2016 ACTUAL 2017 ADOPTED 2018 BUDGET 252 100 30,848 78,200 31,100 78,300 (6,933) ‐ 5,000 ‐ 352,682 410,000 26,467 55,000 377,216 465,000 270 100 25,918 36,000 26,188 36,100 ‐ ‐ ‐ 160,000 ‐ 160,000 (2,867) ‐ 1,425,520 1,936,925 1,422,653 1,936,925 GRAND TOTAL: 42,504,555 17,267,000 28,100 TRACKLINE ECONOMIC DEV. AREA 276,000 SOUTH WALL ECONOMIC DEV. AREA INTEREST 100 INTEREST 100 OTHER FINANCING SOURCES 250,000 INTEREST ‐ MISCELLANEOUS ‐ OTHER FINANCING SOURCES 1,432,875 18,107,900 1,432,875 31,100 KIESEL COMMUNITY DEVELOPMENT PROJECT AREA INTEREST ‐ TAXES ‐ ‐ INTEREST ‐ TAXES 31,000 TAXES 26,000 TAXES 28,000 RDA HOUSING EAST WASHINGTON URBAN RENEWAL AREA 14 ---PAGE BREAK--- 1.14% 2.53% 3.31% 24.21% 31.10% 0.21% 6.65% 0.00% 0.96% 0.93% 0.57% 2.13% 8.18% 2.03% 0.32% 11.22% 0.37% 0.45% 2.69% 0.98% 100% 17,267,000 WALL AVENUE TAX INC. DIST. 169,500 TRACKLINE ECONOMIC DEV AREA 465,000 PARK BLVD. TAX INC. DIST. 55,250 SOUTH CBD TAX INC. DIST. 63,550 SOUTH WALL ECONOMIC DEV AREA 78,300 RDA HOUSING 1,936,925 LINCOLN TAX INC. DIST. 368,650 OGDEN REDEVELOPMENT AGENCY 1,413,200 OGDEN RIVER REDEV PROJECT AREA 350,500 HINCKLEY AIRPORT 165,500 LESTER PARK TAX INC. DIST. 97,875 KIESEL COMMUNITY DEVELOPMENT AREA 160,000 EAST WASHINGTON URBAN RENEWAL AREA 36,100 FAIRMOUNT TAX INC. DIST. 1,149,000 GOLDEN LINKS TAX INC. DIST. 600 AMERICAN CAN TAX INC. DIST. 571,150 CBD MALL TAX INC. DIST. 4,180,800 DDO ECONOMIC DEVELOPMENT AREA 5,370,500 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET APPROPRIATIONS BY FUND 12TH STREET TAX INC. DIST. 197,000 25TH STREET TAX INC. DIST. 437,600 $17,267,000 DDO TAX INC. DIST. EAST WASHINGTON URBAN RENEWAL AREA FAIRMOUNT TAX INC. DIST. KIESEL COMMUNITY DEV AREA GOLDEN LINKS TAX INC. DIST. HINCKLEY AIRPORT LESTER PARK TAX INC. DIST. LINCOLN OGDEN REDEVELOPMENT AGENCY OGDEN RIVER REDEV PROJECT AREA PARK BLVD. RDA HOUSING SOUTH CBD SOUTH WALL ECONOMIC DEV AREA TRACKLINE ECONOMIC DEV AREA WALL AVENUE 12TH STREET TAX INC. DIST. 25TH STREET TAX INC. DIST. AMERICAN CAN TAX INC. DIST. CBD MALL TAX INC. DIST. 15 ---PAGE BREAK--- - 10,000 1,826,174 1,403,200 1,826,174 1,413,200 1,242,854 1,149,000 1,242,854 1,149,000 26,925,771 4,180,800 26,925,771 4,180,800 75,467 63,550 75,467 63,550 489,955 368,650 489,955 368,650 116,240 97,875 116,240 97,875 722 600 722 600 60,200 55,250 60,200 55,250 311,391 437,600 311,391 437,600 60,150 25TH STREET TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 171,900 171,900 PARK BLVD. TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 60,150 100,250 GOLDEN LINKS TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 750 750 FAIRMOUNT TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 1,267,500 COMMUNITY AND ECONOMIC DEVELOPMENT 100,250 1,267,500 COMMUNITY AND ECONOMIC DEVELOPMENT 68,700 68,700 LINCOLN TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 491,500 491,500 LESTER PARK TAX INC. DIST. CBD MALL TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 3,947,025 3,947,025 SOUTH CBD TAX INC. DIST. OGDEN CITY 2017-2018 BUDGET APPROPRIATIONS BY FUND REPORT 744,900 COUNCIL 4,800 RDA 740,100 2016 ACTUAL 2017 ADOPTED 2018 BUDGET OGDEN REDEVELOPMENT AGENCY 16 ---PAGE BREAK--- OGDEN CITY 2017-2018 BUDGET APPROPRIATIONS BY FUND REPORT 2016 ACTUAL 2017 ADOPTED 2018 BUDGET 203,200 197,000 203,200 197,000 5,355,144 5,370,500 5,355,144 5,370,500 618,818 571,150 618,818 571,150 136,176 169,500 136,176 169,500 1,886,190 - 1,886,190 - 230,525 - 230,525 - 879,732 350,500 879,732 350,500 169,174 165,500 169,174 165,500 43,636 78,300 43,636 78,300 137,000 HINCKLEY AIRPORT TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 170,000 170,000 WEST 12TH TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 1,904,000 1,904,000 HINCKLEY DR TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 238,500 DDO ECONOMIC DEVELOPMENT PROJECT AREA 5,745,000 WALL AVENUE TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 137,000 605,000 AMERICAN CAN TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 605,000 175,600 12TH STREET TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 175,600 COMMUNITY AND ECONOMIC DEVELOPMENT 5,745,000 238,500 OGDEN RIVER REDEV. PROJECT AREA 512,050 SOUTH WALL ECONOMIC DEV. AREA COMMUNITY AND ECONOMIC DEVELOPMENT 31,100 31,100 COMMUNITY AND ECONOMIC DEVELOPMENT 512,050 17 ---PAGE BREAK--- OGDEN CITY 2017-2018 BUDGET APPROPRIATIONS BY FUND REPORT 2016 ACTUAL 2017 ADOPTED 2018 BUDGET 547,395 465,000 547,395 465,000 11,863 36,100 11,863 36,100 - 160,000 - 160,000 1,747,107 1,936,925 1,747,107 1,936,925 GRAND TOTAL: 42,877,734 17,267,000 RDA HOUSING 28,100 - 18,107,900 KIESEL COMMUNITY DEVELOPMENT PROJECT AREA COMMUNITY AND ECONOMIC DEVELOPMENT - TRACKLINE ECONOMIC DEV. AREA COMMUNITY AND ECONOMIC DEVELOPMENT 276,000 276,000 EAST WASHINGTON URBAN RENEWAL AREA 1,432,875 RDA 1,432,875 COMMUNITY AND ECONOMIC DEVELOPMENT 28,100 18 ---PAGE BREAK--- 4,102,000 23.76% 1,640,125 9.50% 5,305,325 30.73% 10,000 0.06% 6,209,550 35.96% 17,267,000 100% DEBT SERVICE GENERAL ADMINISTRATION & SUPPORT INTERGOVERNMENTAL EXPENDITURES OGDEN REDEVELOPMENT AGENCY 2017 - 2018 BUDGET PROGRAM SUMMARY BUSINESS DEVELOPMENT COMMUNITY DEVELOPMENT PROGRAM SUMMARY BUSINESS DEVELOPMENT COMMUNITY DEVELOPMENT DEBT SERVICE GENERAL ADMINISTRATION & SUPPORT INTERGOVERNMENTAL EXPENDITURES 19 ---PAGE BREAK--- 10,000 10,000 703,200 936,925 1,640,125 839,425 1,282,425 63,550 156,550 97,875 600 55,250 RDA HOUSING RDA OGDEN RDA GENERAL OPERATIONS 1,746,005 1,432,875 4,800 COMMUNITY DEVELOPMENT OGDEN REDEVELOPMENT AGENCY RDA OGDEN RDA GENERAL OPERATIONS 1,826,174 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET PROGRAM SUMMARY 2016 ACTUAL 2017 ADOPTED 2018 BUDGET GENERAL ADMINISTRATION & SUPPORT TAX INCREMENT DISTRICTS 485,000 ‐ 740,100 OGDEN REDEVELOPMENT AGENCY COUNCIL RDA BOARD 4,800 ‐ ‐ CBD MALL TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 1,057,025 SOUTH CBD TAX INC. DIST. 3,572,179 2,172,975 BUSINESS DEVELOPMENT FAIRMOUNT TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 211,000 480 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 68,700 LINCOLN TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT LESTER PARK TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 100,250 GOLDEN LINKS TAX INC. DIST. 20,000 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 750 ‐ TAX INCREMENT DISTRICTS ‐ 60,150 715,090 ‐ PARK BLVD. TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 20 ---PAGE BREAK--- 2,500 197,000 300,000 131,100 50,375 ‐ ‐ 150,500 165,500 78,300 343,050 28,000 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 2,000 8,341 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET PROGRAM SUMMARY 2016 ACTUAL 2017 ADOPTED 2018 BUDGET 25TH STREET TAX INC. DIST. 12TH STREET TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 175,600 DDO ECONOMIC DEVELOPMENT PROJECT AREA 35,000 2,727 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 145,000 AMERICAN CAN TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 56,244 312,800 HINCKLEY DR TAX INC. DIST. 132,245 TAX INCREMENT DISTRICTS 128,000 WALL AVENUE TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 2,000 130,318 OGDEN RIVER REDEV PROJECT AREA COMMUNITY AND ECONOMIC DEVELOPMENT ‐ WEST 12TH TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS TRACKLINE ECONOMIC DEV AREA 37,441 TAX INCREMENT DISTRICTS 84,050 HINCKLEY AIRPORT COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 170,000 819,168 ‐ 474,197 EAST WASHINGTON URBAN RENEWAL AREA COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 6,013 SOUTH WALL ECONOMIC DEV AREA COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 31,100 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS BUSINESS DEVELOPMENT (CONTINUED…) 169,174 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 2,500 21,800 21 ---PAGE BREAK--- 160,000 4,102,000 309,575 2,898,375 435,100 326,825 77,250 ‐ 150,000 108,200 1,000,000 5,305,325 1,102 ‐ BUSINESS DEVELOPMENT (CONTINUED…) KIESEL COMMUNITY DEVELOPMENT PROJECT AREA COMMUNITY AND ECONOMIC DEVELOPMENT DEBT SERVICE FAIRMOUNT TAX INC. DIST. TAX INCREMENT DISTRICTS ‐ 2,606,438 3,057,725 ‐ COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 346,900 CBD MALL TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 320,154 TAX INCREMENT DISTRICTS 2,890,000 25TH STREET TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 169,900 26,210,680 153,050 AMERICAN CAN TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 357,000 WALL AVENUE TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT ‐ TAX INCREMENT DISTRICTS 68,200 WEST 12TH TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 1,162,825 76,274 1,168,120 OGDEN RIVER REDEV PROJECT AREA COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 400,000 28,035,342 5,665,625 38,064 RDA HOUSING RDA OGDEN RDA GENERAL OPERATIONS 270,800 PROGRAM SUMMARY 2016 ACTUAL 2017 ADOPTED 2018 BUDGET OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET TRACKLINE ECONOMIC DEV AREA COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 67,898 22 ---PAGE BREAK--- 700,000 ‐ ‐ 212,100 ‐ ‐ ‐ ‐ ‐ ‐ 5,070,500 113,225 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 60,200 ‐ ‐ GOLDEN LINKS TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 722 ‐ WASHINGTON BLVD. TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 346,040 ‐ OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET PROGRAM SUMMARY 2016 ACTUAL 2017 ADOPTED 2018 BUDGET INTERGOVERNMENTAL EXPENDITURES FAIRMOUNT TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 435,600 280,500 489,475 25TH STREET TAX INC. DIST. SOUTH CBD TAX INC. DIST. 922,700 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS ‐ LINCOLN TAX INC. DIST. 96,240 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 12TH STREET TAX INC. DIST. 150,000 COMMUNITY AND ECONOMIC DEVELOPMENT 75,467 TAX INCREMENT DISTRICTS COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS PARK BLVD. TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS ‐ DDO ECONOMIC DEVELOPMENT PROJECT AREA ‐ LESTER PARK TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 168,200 TAX INCREMENT DISTRICTS 5,600,000 AMERICAN CAN TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 120,000 5,298,900 488,500 OGDEN REDEVELOPMENT AGENCY RDA OGDEN RDA GENERAL OPERATIONS ‐ ‐ 23 ---PAGE BREAK--- 41,875 ‐ ‐ 50,000 ‐ 13,750 8,100 6,209,550 17,267,000 WALL AVENUE TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT INTERGOVERNMENTAL EXPENDITURES (CONTINUED…) TAX INCREMENT DISTRICTS 66,800 WEST 12TH TAX INC. DIST. 57,175 COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 428,375 HINCKLEY DR TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT 585,825 6,195 TAX INCREMENT DISTRICTS 236,000 OGDEN RIVER REDEV PROJECT AREA COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 28,000 230,525 22,500 TAX INCREMENT DISTRICTS 5,200 EAST WASHINGTON URBAN RENEWAL AREA COMMUNITY AND ECONOMIC DEVELOPMENT 5,300 SOUTH WALL ECONOMIC DEV AREA COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS ‐ TRACKLINE ECONOMIC DEV AREA TAX INCREMENT DISTRICTS 6,300 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET PROGRAM SUMMARY 2016 ACTUAL 2017 ADOPTED 2018 BUDGET 5,850 COMMUNITY AND ECONOMIC DEVELOPMENT 9,009,814 7,206,775 GRAND TOTAL: 43,223,773 18,107,900 24 ---PAGE BREAK--- 11,200 15,000 1,387,000 1,841,253 1,413,200 1,403,200 10,000 1,826,174 1,413,200 6,000 MISCELLANEOUS 15,000 15,000 RDA BOARD ‐ 4,800 744,900 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES OGDEN REDEVELOPMENT AGENCY 2016 ACTUAL 2017 ADOPTED 2018 BUDGET OGDEN REDEVELOPMENT AGENCY OTHER FINANCING SOURCES 1,812,650 723,900 744,900 EXPENDITURES OGDEN RDA GENERAL OPERATIONS 1,826,174 740,100 REVENUES INTEREST 13,603 25 ---PAGE BREAK--- 6,000 11,200 6,000 11,200 15,000 15,000 15,000 15,000 - 1,136,875 723,900 250,125 723,900 1,387,000 744,900 1,413,200 FUND BALANCE/CARRYOVER INTEREST GENERAL 13,603 - Interest Income is any interest earned to positive cash balance 13,603 - OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET OGDEN REDEVELOPMENT AGENCY 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET OTHER FINANCING SOURCES TRANSFERS 1,812,650 85,000 Transfers are money transferred into the Redevelopment Agency to make debt payments. 1,812,650 85,000 MISCELLANEOUS OTHER 15,000 1,000 Miscellaneous revenue is from the various districts to fund administrative costs. 15,000 1,000 - - Fund balance carryover is the use of fund balance to help cover operating expenses for the RDA General fund. 1,841,253 86,000 OGDEN REDEVELOPMENT AGENCY TOTAL 26 ---PAGE BREAK--- 4,800 10,000 4,800 10,000 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES OGDEN REDEVELOPMENT AGENCY 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET ‐ ‐ 4,800 10,000 ‐ ‐ 4,800 10,000 DIVISION SUMMARY COUNCIL COUNCIL CHARGES FOR SERVICES ‐ ‐ 4,800 10,000 RDA BOARD ‐ ‐ 4,800 10,000 FUNDING SOURCES COUNCIL INTEREST 27 ---PAGE BREAK--- 1,200 1,200 15,000 15,000 ‐ 1,136,875 723,900 250,125 740,100 1,403,200 RDA CHARGES FOR SERVICES 602,385 431,025 740,100 703,200 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES OGDEN REDEVELOPMENT AGENCY 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET DIVISION SUMMARY RDA OTHER OPERATING EXPENSE 1,150,000 ‐ ‐ ‐ TRANSFERS ‐ ‐ ‐ 700,000 FUNDING SOURCES RDA INTEREST INCOME TRANSFER FROM OTHER FUNDS 1,826,174 606,300 740,100 1,403,200 OGDEN RDA GENERAL OPERATIONS 1,826,174 606,300 740,100 1,403,200 1,826,174 606,300 740,100 1,403,200 MISCELLANEOUS FUND BALANCE/CARRYOVER BUILDING ‐ 100,000 ‐ ‐ LAND 73,789 75,275 ‐ ‐ 28 ---PAGE BREAK--- FAIRMOUNT DISTRICT 29 ---PAGE BREAK--- 42,000 4,000 ‐ 1,103,000 1,243,480 1,149,000 1,149,000 1,242,854 1,149,000 1,267,500 1,267,500 EXPENDITURES TAX INCREMENT DISTRICTS 1,242,854 1,267,500 MISCELLANEOUS 58,129 ‐ CHARGES FOR SERVICES ‐ 65,000 INTEREST 4,159 2,500 REVENUES OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES FAIRMOUNT TAX INC. DIST. 2016 ACTUAL 2017 ADOPTED 2018 BUDGET TAXES 1,181,192 1,200,000 FAIRMOUNT TAX INC. DIST. 30 ---PAGE BREAK--- 2,500 4,000 2,500 4,000 65,000 42,000 65,000 42,000 - - - - 1,200,000 1,103,000 1,200,000 1,103,000 1,267,500 1,149,000 CHARGES FOR SERVICES DEVELOPER PAYMENTS - - Revenue received from developer in Fairmount Tax Increment District. - - TAXES PROPERTY TAXES 1,181,192 1,021,212 1,181,192 1,021,212 Property Taxes are assessed within the Fairmount Tax Increment District to fund improvements. OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET FAIRMOUNT TAX INC. DIST. 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET INTEREST GENERAL 4,159 - Interest Income is any interest earned to positive cash balance 4,159 - MISCELLANEOUS OTHER 58,129 - Miscellaneous revenue is from the various districts to fund administrative costs. 58,129 - FAIRMOUNT TAX INC. DIST. TOTAL 1,243,480 1,021,212 31 ---PAGE BREAK--- 2,500 4,000 65,000 42,000 1,200,000 1,103,000 1,267,500 1,149,000 485,000 839,425 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET TAX INCREMENT DISTRICTS 1,242,854 ‐ 1,267,500 1,149,000 SUMMARY OF DEPARTMENTAL EXPENDITURES FAIRMOUNT TAX INC. DIST. 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE ‐ ‐ 1,242,854 ‐ 1,267,500 1,149,000 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT DEBT SERVICE 320,154 ‐ 346,900 309,575 OPERATING TRANSFERS 922,700 ‐ 435,600 ‐ FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME CHARGES FOR SERVICES TAX REVENUE 1,242,854 ‐ 1,267,500 1,149,000 32 ---PAGE BREAK--- CBD MALL DISTRICT 33 ---PAGE BREAK--- 704,800 78,050 ‐ 2,174,650 1,223,300 26,839,193 4,180,800 4,180,800 26,925,771 4,180,800 3,947,025 EXPENDITURES TAX INCREMENT DISTRICTS 26,925,771 3,947,025 3,947,025 OTHER FINANCING SOURCES 23,963,535 1,937,225 TAXES 1,374,317 1,300,000 INTEREST (6,343) 10,000 MISCELLANEOUS 767,749 ‐ CBD MALL TAX INC. DIST. REVENUES CHARGES FOR SERVICES 739,935 699,800 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES CBD MALL TAX INC. DIST. 2016 ACTUAL 2017 ADOPTED 2018 BUDGET 34 ---PAGE BREAK--- 699,800 704,800 699,800 704,800 10,000 78,050 10,000 78,050 - - - - - - 1,937,225 2,174,650 1,937,225 2,174,650 1,300,000 1,223,300 1,300,000 1,223,300 3,947,025 4,180,800 BOND AND LOAN PROCEEDS 21,905,106 388,474 Bond and loan proceeds are generally specified for a specific purpose. Lease Revenue records the revenue from leasing operation primarily at the Rec Center. CHARGES FOR SERVICES LEASE REVENUE 739,935 362,530 739,935 362,530 OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET CBD MALL TAX INC. DIST. 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET MISCELLANEOUS SALE OF ASSETS 767,749 8,857 Sale of Assets revenue is generated throught the occasional sale of fixed assets 767,749 8,857 INTEREST GENERAL (6,343) 78,035 Interest Income is any interest earned to positive cash balance (6,343) 78,035 TAXES PROPERTY TAXES 1,374,317 1,171,269 Property Taxes are assessed within the Central Business District (CBD) Tax Increment District to fund improvements 1,374,317 1,171,269 OTHER FINANCING SOURCES TRANSFERS 2,058,429 500,000 Transfers are money transfered in to the Redevelopment Agency to make payments. 23,963,535 888,474 CBD MALL TAX INC. DIST. TOTAL 26,839,193 2,509,165 35 ---PAGE BREAK--- 699,800 704,800 10,000 78,050 1,937,225 2,174,650 1,300,000 1,223,300 3,947,025 4,180,800 BUILDING 194,314 ‐ ‐ ‐ COMMUNITY AND ECONOMIC DEVELOPMENT CHARGES FOR SERVICES OTHER FINANCING SOURCES TAX REVENUE INTEREST INCOME 4,180,800 26,925,771 1,181,313 3,947,025 4,180,800 FUNDING SOURCES DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 26,925,771 1,181,313 3,947,025 DEBT SERVICE 26,210,680 564,070 2,890,000 2,898,375 CHARGES FOR SERVICES 300,000 300,000 300,000 ‐ IMPROVEMENTS ‐ ‐ ‐ 500,000 26,925,771 1,181,313 3,947,025 4,180,800 SUMMARY OF DEPARTMENTAL EXPENDITURES CBD MALL TAX INC. DIST. 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET OTHER OPERATING EXPENSE 220,776 317,243 757,025 782,425 36 ---PAGE BREAK--- SOUTH CBD DISTRICT 37 ---PAGE BREAK--- 250 63,300 75,470 63,550 63,550 75,467 63,550 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES SOUTH CBD TAX INC. DIST. 2016 ACTUAL 2017 ADOPTED 2018 BUDGET 68,700 EXPENDITURES 75,467 68,700 68,700 SOUTH CBD TAX INC. DIST. REVENUES INTEREST 257 200 TAXES 75,213 68,500 TAX INCREMENT DISTRICTS 38 ---PAGE BREAK--- 200 250 200 250 68,500 63,300 68,500 63,300 68,700 63,550 OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET SOUTH CBD TAX INC. DIST. 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET TAXES PROPERTY TAXES 75,213 59,097 Property Taxes are assessed within the South Central Business District (CBD) Tax Increment District to fund improvements 75,213 59,097 INTEREST GENERAL 257 - Interest Income is any interest earned to positive cash balance 257 - SOUTH CBD TAX INC. DIST. TOTAL 75,470 59,097 39 ---PAGE BREAK--- 200 250 68,500 63,300 68,700 63,550 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE ‐ ‐ 68,700 63,550 OPERATING TRANSFERS 75,467 ‐ ‐ ‐ COMMUNITY AND ECONOMIC DEVELOPMENT OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET 75,467 ‐ 68,700 63,550 SUMMARY OF DEPARTMENTAL EXPENDITURES SOUTH CBD TAX INC. DIST. 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET TAX INCREMENT DISTRICTS 75,467 ‐ 68,700 63,550 75,467 ‐ 68,700 63,550 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE 40 ---PAGE BREAK--- LINCOLN DISTRICT 41 ---PAGE BREAK--- 2,500 366,150 490,837 368,650 368,650 489,955 368,650 SUMMARY OF REVENUES AND EXPENDITURES LINCOLN TAX INC. DIST. 2016 ACTUAL 2017 ADOPTED 2018 BUDGET OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET 491,500 LINCOLN TAX INC. DIST. REVENUES INTEREST 2,961 1,500 TAXES 487,876 490,000 491,500 EXPENDITURES TAX INCREMENT DISTRICTS 489,955 491,500 42 ---PAGE BREAK--- 1,500 2,500 1,500 2,500 490,000 366,150 490,000 366,150 491,500 368,650 OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET LINCOLN TAX INC. DIST. 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET TAXES PROPERTY TAXES 487,876 345,532 487,876 345,532 Property Taxes are assessed within the Lincoln Tax Increment District to fund improvements INTEREST GENERAL 2,961 - Interest Income is any interest earned to positive cash balance 2,961 - LINCOLN TAX INC. DIST. TOTAL 490,837 345,532 43 ---PAGE BREAK--- 1,500 2,500 490,000 366,150 491,500 368,650 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT OPERATING TRANSFERS 489,475 ‐ 280,500 212,100 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES LINCOLN TAX INC. DIST. 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 480 ‐ 211,000 156,550 489,955 ‐ 491,500 368,650 TAX INCREMENT DISTRICTS 489,955 ‐ 491,500 368,650 489,955 ‐ 491,500 368,650 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE 44 ---PAGE BREAK--- LESTER PARK DISTRICT 45 ---PAGE BREAK--- 375 97,500 116,256 97,875 97,875 116,240 97,875 LESTER PARK TAX INC. DIST. REVENUES INTEREST [PHONE REDACTED] ACTUAL 2017 ADOPTED TAXES 115,871 100,000 100,250 EXPENDITURES TAX INCREMENT DISTRICTS 116,240 100,250 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES LESTER PARK TAX INC. DIST. 2018 BUDGET 100,250 46 ---PAGE BREAK--- 250 375 250 375 100,000 97,500 100,000 97,500 100,250 97,875 OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET LESTER PARK TAX INC. DIST. 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET TAXES PROPERTY TAXES 115,871 90,981 115,871 90,981 Property Taxes are assessed within the Lester Park Distict Tax Increment District to fund improvements INTEREST GENERAL 385 - Interest Income is any interest earned to positive cash balance 385 - LESTER PARK TAX INC. DIST. TOTAL 116,256 90,981 47 ---PAGE BREAK--- 250 375 100,000 97,500 100,250 97,875 OTHER OPERATING EXPENSE 20,000 ‐ 100,250 97,875 SUMMARY OF DEPARTMENTAL EXPENDITURES LESTER PARK TAX INC. DIST. 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET 97,875 116,240 ‐ 100,250 97,875 FUNDING SOURCES DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 116,240 ‐ 100,250 OPERATING TRANSFERS 96,240 ‐ ‐ ‐ 116,240 ‐ 100,250 97,875 COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE 48 ---PAGE BREAK--- GOLDEN LINKS DISTRICT 49 ---PAGE BREAK--- ‐ 600 724 600 600 [PHONE REDACTED] BUDGET 750 EXPENDITURES TAX INCREMENT DISTRICTS 722 750 GOLDEN LINKS TAX INC. DIST. REVENUES INTEREST TAXES 720 750 725 4 25 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES GOLDEN LINKS TAX INC. DIST. 2016 ACTUAL 2017 ADOPTED 50 ---PAGE BREAK--- 25 - 25 - 725 600 725 600 750 600 OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET GOLDEN LINKS TAX INC. DIST. 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET TAXES PROPERTY TAXES 720 563 720 563 Property Taxes are assessed within the Golden Links Tax Increment District to fund improvements INTEREST GENERAL 4 - Interest Income is any interest earned to positive cash balance 4 - GOLDEN LINKS TAX INC. DIST. TOTAL 724 563 51 ---PAGE BREAK--- 25 ‐ 725 600 750 600 OTHER OPERATING EXPENSE ‐ ‐ 750 600 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES GOLDEN LINKS TAX INC. DIST. 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE COMMUNITY AND ECONOMIC DEVELOPMENT OPERATING TRANSFERS 722 ‐ ‐ ‐ 722 ‐ 750 600 600 722 ‐ 750 600 FUNDING SOURCES DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 722 ‐ 750 52 ---PAGE BREAK--- PARK BLVD. DISTRICT 53 ---PAGE BREAK--- 200 55,050 60,206 55,250 55,250 60,200 55,250 60,150 60,150 EXPENDITURES TAX INCREMENT DISTRICTS 60,200 60,150 PARK BLVD. TAX INC. DIST. REVENUES INTEREST 201 150 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES PARK BLVD. TAX INC. DIST. 2016 ACTUAL 2017 ADOPTED 2018 BUDGET TAXES 60,005 60,000 54 ---PAGE BREAK--- 150 200 150 200 60,000 55,050 60,000 55,050 60,150 55,250 OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET PARK BLVD. TAX INC. DIST. 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET TAXES PROPERTY TAXES 60,005 50,870 60,005 50,870 Property Taxes are assessed within the Park Blvd. Tax Increment District to fund improvements INTEREST GENERAL 201 - Interest Income is any interest earned to positive cash balance 201 - PARK BLVD. TAX INC. DIST. TOTAL 60,206 50,870 55 ---PAGE BREAK--- 150 200 60,000 55,050 60,150 55,250 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES PARK BLVD. TAX INC. DIST. OTHER OPERATING EXPENSE ‐ ‐ 60,150 55,250 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT COMMUNITY AND ECONOMIC DEVELOPMENT OPERATING TRANSFERS 60,200 ‐ ‐ ‐ 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET 60,200 ‐ 60,150 55,250 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE TAX INCREMENT DISTRICTS 60,200 ‐ 60,150 55,250 60,200 ‐ 60,150 55,250 56 ---PAGE BREAK--- 25TH STREET DISTRICT 57 ---PAGE BREAK--- 2,000 396,100 39,500 584,106 437,600 437,600 311,391 437,600 25TH STREET TAX INC. DIST. REVENUES INTEREST 4,231 2,000 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES 25TH STREET TAX INC. DIST. 2016 ACTUAL 2017 ADOPTED 2018 BUDGET 171,900 TAXES 579,875 40,000 171,900 EXPENDITURES TAX INCREMENT DISTRICTS 311,391 171,900 OTHER FINANCING SOURCES ‐ 129,900 58 ---PAGE BREAK--- 2,000 2,000 2,000 2,000 129,900 136,100 ‐ 260,000 129,900 396,100 40,000 39,500 40,000 39,500 171,900 437,600 FUND BALANCE/CARRYOVER ‐ ‐ Other financing sources is the use of prior year fund balance to cover costs. 25TH STREET TAX INC. DIST. TOTAL 584,106 65,228 TAXES PROPERTY TAXES 579,875 65,228 579,875 65,228 Property Taxes are assessed within the 25th Street Tax Increment District to fund improvements INTEREST GENERAL 4,231 ‐ Interest Income is any interest earned to positive cash balance 4,231 ‐ OTHER FINANCING SOURCES TRANSFERS ‐ ‐ Other financing sources are interagency transfers from Ogden City to help cover contract obligations. ‐ ‐ OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET FISCAL YEAR REVENUE BUDGET 25TH STREET TAX INC. DIST. 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET 59 ---PAGE BREAK--- 2,000 2,000 129,900 136,100 ‐ 260,000 40,000 39,500 171,900 437,600 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES 25TH STREET TAX INC. DIST. DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT DEBT SERVICE 153,050 6,048 169,900 435,100 OPERATING TRANSFERS 150,000 ‐ ‐ ‐ LAND ‐ 2,000,400 ‐ ‐ COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 8,341 145 2,000 2,500 311,391 2,006,593 171,900 437,600 TAX INCREMENT DISTRICTS 311,391 2,006,593 171,900 437,600 311,391 2,006,593 171,900 437,600 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE FUND BALANCE/CARRYOVER TRANSFERS 60 ---PAGE BREAK--- 12TH STREET DISTRICT 61 ---PAGE BREAK--- 500 196,500 203,477 197,000 197,000 203,200 197,000 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES 12TH STREET TAX INC. DIST. 2016 ACTUAL 2017 ADOPTED 2018 BUDGET 175,600 TAXES 202,469 175,000 175,600 EXPENDITURES TAX INCREMENT DISTRICTS 203,200 175,600 12TH STREET TAX INC. DIST. REVENUES INTEREST 1,008 600 62 ---PAGE BREAK--- 600 500 600 500 175,000 196,500 175,000 196,500 175,600 197,000 OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET 12TH STREET TAX INC. DIST. 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET TAXES PROPERTY TAXES 202,469 179,780 202,469 179,780 Property Taxes are assessed within the 12th Street Tax Increment District to fund improvements INTEREST GENERAL 1,008 - Interest Income is any interest earned to positive cash balance 1,008 - 12TH STREET TAX INC. DIST. TOTAL 203,477 179,780 63 ---PAGE BREAK--- 600 500 175,000 196,500 175,600 197,000 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES 12TH STREET TAX INC. DIST. 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET 203,200 ‐ 175,600 197,000 197,000 203,200 ‐ 175,600 197,000 COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 35,000 ‐ 175,600 197,000 OPERATING TRANSFERS 168,200 ‐ ‐ ‐ TAX REVENUE FUNDING SOURCES DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 203,200 ‐ 175,600 COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME 64 ---PAGE BREAK--- DDO ECONOMIC DEV PROJECT AREA 65 ---PAGE BREAK--- 50,000 150,000 5,170,500 5,394,938 5,370,500 5,370,500 5,355,144 5,370,500 5,745,000 5,745,000 EXPENDITURES TAX INCREMENT DISTRICTS 5,355,144 5,745,000 TAXES 5,341,264 5,300,000 DDO ECONOMIC DEVELOPMENT PROJECT AREA REVENUES INTEREST 53,674 45,000 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES DDO ECONOMIC DEVELOPMENT PROJECT AREA 2016 ACTUAL 2017 ADOPTED 2018 BUDGET MISCELLANEOUS REVENUE ‐ 400,000 66 ---PAGE BREAK--- 45,000 50,000 45,000 50,000 400,000 150,000 400,000 150,000 5,300,000 5,170,500 5,300,000 5,170,500 5,745,000 5,370,500 DDO ECONOMIC DEVELOPMENT PROJECT AREA MISCELLANEOUS OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET DDO ECONOMIC DEVELOPMENT PROJECT AREA 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET TAXES PROPERTY TAXES 5,341,264 4,735,860 Property Taxes are assessed within the DDO Tax Increment District to fund improvements 5,341,264 4,735,860 INTEREST GENERAL 53,674 - Interest Income is any interest earned to positive cash balance 53,674 - LOAN REPAYMENTS - - Loan payments received from Ogden River Redevelopment Project Area - - 5,394,938 4,735,860 67 ---PAGE BREAK--- 45,000 50,000 400,000 150,000 5,300,000 5,170,500 5,745,000 5,370,500 COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 56,244 14,860 145,000 300,000 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES DDO ECONOMIC DEVELOPMENT PROJECT AREA 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET 5,370,500 5,355,144 14,860 5,745,000 5,370,500 FUNDING SOURCES DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 5,355,144 14,860 5,745,000 INTERAGENCY TRANSFERS 5,298,900 ‐ 5,600,000 5,070,500 5,355,144 14,860 5,745,000 5,370,500 COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE MISCELLANEOUS 68 ---PAGE BREAK--- AMERICAN CAN DISTRICT 69 ---PAGE BREAK--- 5,000 566,150 617,648 571,150 571,150 618,818 571,150 TAXES 611,397 600,000 605,000 EXPENDITURES TAX INCREMENT DISTRICTS 618,818 605,000 605,000 AMERICAN CAN TAX INC. DIST. REVENUES INTEREST 6,251 5,000 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES AMERICAN CAN TAX INC. DIST. 2016 ACTUAL 2017 ADOPTED 2018 BUDGET 70 ---PAGE BREAK--- 5,000 5,000 5,000 5,000 600,000 566,150 600,000 566,150 605,000 571,150 OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET AMERICAN CAN TAX INC. DIST. 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET TAXES PROPERTY TAXES 611,397 521,200 611,397 521,200 Property Taxes are assessed within the American Can Tax Increment District to fund improvements INTEREST GENERAL 6,251 - Interest Income is any interest earned to positive cash balance 6,251 - AMERICAN CAN TAX INC. DIST. TOTAL 617,648 521,200 71 ---PAGE BREAK--- 5,000 5,000 600,000 566,150 605,000 571,150 CHARGES FOR SERVICES 126,050 ‐ 128,000 ‐ DEBT SERVICE ‐ ‐ 357,000 326,825 OTHER OPERATING EXPENSE 4,268 7,125 ‐ 131,100 COMMUNITY AND ECONOMIC DEVELOPMENT OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES AMERICAN CAN TAX INC. DIST. 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET OPERATING TRANSFERS 488,500 ‐ 120,000 COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE 571,150 618,818 7,125 605,000 571,150 FUNDING SOURCES 113,225 618,818 7,125 605,000 571,150 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 618,818 7,125 605,000 72 ---PAGE BREAK--- WALL AVE DISTRICT 73 ---PAGE BREAK--- 2,000 167,500 139,086 169,500 169,500 136,176 169,500 TAXES 135,022 135,000 137,000 EXPENDITURES TAX INCREMENT DISTRICTS 136,176 137,000 WALL AVENUE TAX INC. DIST. REVENUES INTEREST 4,064 2,000 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES WALL AVENUE TAX INC. DIST. 2016 ACTUAL 2017 ADOPTED 137,000 2018 BUDGET 74 ---PAGE BREAK--- 2,000 2,000 2,000 2,000 135,000 167,500 135,000 167,500 137,000 169,500 OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET WALL AVENUE TAX INC. DIST. 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET TAXES PROPERTY TAXES 135,022 150,777 135,022 150,777 Property Taxes are assessed within the Wall Avenue Tax Increment District to fund improvements INTEREST GENERAL 4,064 - Interest Income is any interest earned to positive cash balance 4,064 - WALL AVENUE TAX INC. DIST. TOTAL 139,086 150,777 75 ---PAGE BREAK--- 2,000 2,000 135,000 167,500 137,000 169,500 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES WALL AVENUE TAX INC. DIST. 77,250 OPERATING TRANSFERS 57,175 ‐ 66,800 41,875 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 2,727 3,865 2,000 50,375 136,176 9,415 137,000 169,500 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT DEBT SERVICE 76,274 5,550 68,200 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE TAX INCREMENT DISTRICTS 136,176 9,415 137,000 169,500 136,176 9,415 137,000 169,500 76 ---PAGE BREAK--- WEST 12TH ECONOMIC DEV PROJECT AREA 77 ---PAGE BREAK--- ‐ ‐ 1,890,506 ‐ ‐ 1,886,190 ‐ 1,904,000 TAXES 1,879,558 1,898,000 1,904,000 EXPENDITURES TAX INCREMENT DISTRICTS 1,886,190 1,904,000 WEST 12TH TAX INC. DIST. REVENUES INTEREST 10,948 6,000 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES WEST 12TH TAX INC. DIST. 2016 ACTUAL 2017 ADOPTED 2018 BUDGET 78 ---PAGE BREAK--- 6,000 - 6,000 - 1,898,000 - 1,898,000 - 1,904,000 - OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET WEST 12TH TAX INC. DIST. 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET TAXES PROPERTY TAXES 1,879,558 1,541,911 1,879,558 1,541,911 INTEREST GENERAL 10,948 - Interest Income is any interest earned to positive cash balance 10,948 - WEST 12TH TAX INC. DIST. TOTAL 1,890,506 1,541,911 Property Taxes are assessed within the West 12th Tax Increment District to fund improvements 79 ---PAGE BREAK--- 6,000 ‐ 1,898,000 ‐ 1,904,000 ‐ 1,886,190 3,500 1,904,000 ‐ OTHER OPERATING EXPENSE 132,245 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES WEST 12TH TAX INC. DIST. COMMUNITY AND ECONOMIC DEVELOPMENT CHARGES FOR SERVICES ‐ ‐ 132,250 ‐ DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT DEBT SERVICE 1,168,120 3,500 1,162,825 ‐ OPERATING TRANSFERS 585,825 ‐ 428,375 ‐ ‐ 180,550 ‐ FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE TAX INCREMENT DISTRICTS 1,886,190 3,500 1,904,000 ‐ 1,886,190 3,500 1,904,000 ‐ 80 ---PAGE BREAK--- HINCKLEY DRIVE ECONOMIC DEV PROJECT AREA 81 ---PAGE BREAK--- ‐ ‐ 234,290 ‐ ‐ 230,525 ‐ 2018 BUDGET TAXES 227,350 236,000 238,500 EXPENDITURES TAX INCREMENT DISTRICTS 230,525 238,500 HINCKLEY DR TAX INC. DIST. REVENUES INTEREST 6,940 2,500 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES HINCKLEY DR TAX INC. DIST. 2016 ACTUAL 238,500 2017 ADOPTED 82 ---PAGE BREAK--- 2,500 - 2,500 - 236,000 - 236,000 - 238,500 - OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET HINCKLEY DR TAX INC. DIST. 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET TAXES PROPERTY TAXES 227,350 173,318 Property Taxes are assessed within the Hinckley Drive Tax Increment District to fund improvements 227,350 173,318 INTEREST GENERAL 6,940 - Interest Income is any interest earned to positive cash balance 6,940 - HINCKLEY DR TAX INC. DIST. TOTAL 234,290 173,318 83 ---PAGE BREAK--- 2,500 ‐ 236,000 ‐ 238,500 ‐ OTHER OPERATING EXPENSE ‐ ‐ 2,500 ‐ 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES HINCKLEY DR TAX INC. DIST. ‐ 230,525 ‐ 238,500 ‐ FUNDING SOURCES DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 230,525 ‐ 238,500 OPERATING TRANSFERS 230,525 ‐ 236,000 ‐ 230,525 ‐ 238,500 ‐ COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE 84 ---PAGE BREAK--- OGDEN RIVER REDEVELOPMENT PROJECT AREA 85 ---PAGE BREAK--- 50 500 630,000 150,000 200,000 743,328 350,500 350,500 879,732 350,500 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES OGDEN RIVER REDEV PROJECT AREA 2016 ACTUAL 2017 ADOPTED 2018 BUDGET OGDEN RIVER REDEV PROJECT AREA REVENUES INTEREST 841 512,050 EXPENDITURES TAX INCREMENT DISTRICTS 879,732 512,050 512,050 OTHER FINANCING SOURCES 400,000 TAXES 112,487 112,000 86 ---PAGE BREAK--- 50 500 50 500 400,000 150,000 400,000 150,000 112,000 200,000 112,000 200,000 512,050 350,500 TAXES PROPERTY TAXES 112,487 183,845 OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET OGDEN RIVER REDEV PROJECT AREA 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET OTHER FINANCING SOURCES TRANSFERS 630,000 - Transfers are money transfered in to the Redevelopment Agency to make payments 630,000 - INTEREST GENERAL 841 - Interest Income is any interest earned to positive cash balance 841 - 183,845 Property Taxes are assessed within the Ogden River Redevelopment Area District to fund improvements. 112,487 183,845 OGDEN RIVER REDEV PROJECT AREA TOTAL 743,328 87 ---PAGE BREAK--- 50 500 112,000 200,000 400,000 150,000 512,050 350,500 LAND 399,195 ‐ ‐ ‐ DEBT SERVICE 38,064 ‐ 400,000 150,000 COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE 52,997 ‐ 84,050 150,500 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES OGDEN RIVER REDEV PROJECT AREA 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET TAX INCREMENT DISTRICTS 879,732 20,769 512,050 350,500 879,732 20,769 512,050 350,500 COMMUNITY AND ECONOMIC DEVELOPMENT IMPROVEMENTS 366,976 20,769 ‐ ‐ OPERATING TRANSFERS 22,500 ‐ 28,000 50,000 879,732 20,769 512,050 350,500 DIVISION SUMMARY FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT TRANSFER FROM OTHER FUNDS TAX REVENUE INTEREST INCOME 88 ---PAGE BREAK--- HINCKLEY AIRPORT DISTRICT 89 ---PAGE BREAK--- 1,500 164,000 172,600 165,500 165,500 169,174 165,500 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES HINCKLEY AIRPORT TAX INC. DIST. 2016 ACTUAL 2017 ADOPTED 2018 BUDGET 170,000 HINCKLEY AIRPORT REVENUES INTEREST 2,676 1,000 TAXES 169,924 169,000 170,000 EXPENDITURES TAX INCREMENT DISTRICTS 169,174 170,000 90 ---PAGE BREAK--- 1,000 1,500 1,000 1,500 169,000 164,000 169,000 164,000 170,000 165,500 - 2,676 Interest income if any is earned on positive cash balances. - 2,676 GENERAL INTEREST OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET HINCKLEY AIRPORT 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET HINCKLEY AIRPORT TOTAL 172,600 151,452 TAXES PROPERTY TAXES 169,924 151,452 Property Taxes are assessed within the Hinckley Airport Tax Increment District to fund improvements 169,924 151,452 91 ---PAGE BREAK--- 1,000 1,500 169,000 164,000 170,000 165,500 TAX REVENUE COMMUNITY AND ECONOMIC DEVELOPMENT OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES HINCKLEY AIRPORT 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET OTHER OPERATING EXPENSE 169,174 ‐ 170,000 165,500 169,174 ‐ 170,000 165,500 165,500 169,174 ‐ 170,000 165,500 FUNDING SOURCES DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 169,174 ‐ 170,000 COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME 92 ---PAGE BREAK--- SOUTH WALL ECONOMIC DEV PROJECT AREA 93 ---PAGE BREAK--- 100 78,200 31,100 78,300 78,300 43,636 78,300 INTEREST 252 100 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES SOUTH WALL ECONOMIC DEV AREA 2016 ACTUAL 2017 ADOPTED 2018 BUDGET SOUTH WALL ECONOMIC DEV AREA REVENUES TAXES 30,848 31,000 31,100 EXPENDITURES TAX INCREMENT DISTRICTS 43,636 31,100 31,100 94 ---PAGE BREAK--- 100 100 100 100 31,000 78,200 31,000 78,200 31,100 78,300 Property Taxes are assessed within the South Wall Economic Development Area to fund improvements. 30,848 67,605 OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET SOUTH WALL ECONOMIC DEVELOPMENT AREA 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET GENERAL 252 - Interest income if any is earned on positive cash balances. 252 - TAXES PROPERTY TAXES 30,848 67,605 31,100 67,605 SOUTH WALL ECONOMIC DEV AREA TOTAL INTEREST 95 ---PAGE BREAK--- 100 100 31,000 78,200 31,100 78,300 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES SOUTH WALL ECONOMIC DEVELOPMENT AREA 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET TAX INCREMENT DISTRICTS 43,636 ‐ 31,100 78,300 COMMUNITY AND ECONOMIC DEVELOPMENT 43,636 ‐ 31,100 78,300 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT CHARGES FOR SERVICES 37,441 ‐ ‐ ‐ OPERATING TRANSFERS 6,195 ‐ ‐ ‐ OTHER OPERATING EXPENSE ‐ ‐ 31,100 78,300 43,636 ‐ 31,100 78,300 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT TAX REVENUE INTEREST INCOME 96 ---PAGE BREAK--- TRACKLINE ECONOMIC DEV PROJECT AREA 97 ---PAGE BREAK--- ‐ ‐ 410,000 55,000 377,216 465,000 465,000 547,395 465,000 OTHER FINANCING SOURCES 352,682 250,000 INTEREST (6,933) ‐ MISCELLANEOUS 5,000 ‐ TAXES 26,467 26,000 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES TRACKLINE ECONOMIC DEV AREA 2016 ACTUAL 2017 ADOPTED 2018 BUDGET TRACKLINE ECONOMIC DEV AREA REVENUES 276,000 EXPENDITURES TAX INCREMENT DISTRICTS 547,395 276,000 276,000 98 ---PAGE BREAK--- - - - - - - - - - - 250,000 410,000 250,000 410,000 26,000 55,000 26,000 55,000 276,000 465,000 BOND AND LOAN PROCEEDS 352,682 (9,028) Bond and loan proceeds are generally specified for a specific purpose. 53,109 26,467 53,109 OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET TRACKLINE ECONOMIC DEVELOPMENT AREA 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET MISCELLANEOUS OTHER 5,000 - Miscellaneous revenue includes earnest money deposited by developers within the Trackline EDA . 5,000 - INTEREST GENERAL (6,933) - Interest income if any is earned on positive cash balances. Property Taxes are assessed within the Trackline Economic Development Area to fund improvements. TRACKLINE ECONOMIC DEV AREA TOTAL 377,216 294,081 TAXES PROPERTY TAXES 26,467 (6,933) - OTHER FINANCING SOURCES TRANSFERS - 250,000 Other financing sources are interagency transfers from Ogden City to help cover contract obligations. 352,682 240,972 99 ---PAGE BREAK--- 250,000 410,000 26,000 55,000 276,000 465,000 LAND (3,618) ‐ ‐ ‐ COMMUNITY AND ECONOMIC DEVELOPMENT CHARGES FOR SERVICES 189,031 6,490 ‐ ‐ OTHER FINANCING SOURCES OTHER OPERATING EXPENSE 40 50,000 ‐ 343,050 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES TRACKLINE ECONOMIC DEVELOPMENT AREA 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET 465,000 ‐ ‐ DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 547,395 158,382 276,000 547,395 158,382 276,000 465,000 DEBT SERVICE 67,898 100,178 270,800 108,200 IMPROVEMENTS 288,744 1,714 158,382 276,000 465,000 FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT TAX REVENUE OPERATING TRANSFERS 5,300 ‐ 5,200 13,750 547,395 100 ---PAGE BREAK--- EAST WASHINGTON URBAN RENEWAL AREA 101 ---PAGE BREAK--- 100 36,000 26,188 36,100 36,100 11,863 36,100 28,000 28,100 EXPENDITURES OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES EAST WASHINGTON URBAN RENEWAL AREA 2016 ACTUAL 2017 ADOPTED 2018 BUDGET EAST WASHINGTON URBAN RENEWAL AREA REVENUES INTEREST 270 100 TAXES 25,918 TAX INCREMENT DISTRICTS 11,863 28,100 28,100 102 ---PAGE BREAK--- 100 100 100 100 28,000 36,000 28,000 36,000 28,100 36,100 25,918 32,613 26,188 32,613 OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET EAST WASHINGTON URBAN RENEWAL AREA INTEREST GENERAL Interest income if any is earned on positive cash balances. TAXES PROPERTY TAXES Property Taxes are assessed within the East Washington Urban Renewal Area to fund improvements. EAST WASHINGTON URBAN RENEWAL AREA TOTAL 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET 270 - 270 - 25,918 32,613 103 ---PAGE BREAK--- 100 100 28,000 36,000 28,100 36,100 INTEREST INCOME OTHER OPERATING EXPENSE 6,013 85 21,800 28,000 36,100 11,863 ‐ FUNDING SOURCES DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS 11,863 85 28,100 OPERATING TRANSFERS 5,850 ‐ 6,300 8,100 11,863 ‐ 28,100 36,100 SUMMARY OF DEPARTMENTAL EXPENDITURES EAST WASHINGTON URBAN RENEWAL AREA OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET 28,100 36,100 COMMUNITY AND ECONOMIC DEVELOPMENT 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT TAX REVENUE 104 ---PAGE BREAK--- KIESEL COMMUNITY DEV PROJECT AREA 105 ---PAGE BREAK--- 160,000 ‐ 160,000 160,000 ‐ 160,000 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES KIESEL COMMUNITY DEVELOPMENT PROJECT AREA 2016 ACTUAL 2017 ADOPTED 2018 BUDGET KIESEL COMMUNITY DEVELOPMENT PROJECT AREA REVENUES TAXES ‐ ‐ ‐ EXPENDITURES TAX INCREMENT DISTRICTS ‐ ‐ ‐ 106 ---PAGE BREAK--- - - - - - 160,000 - 160,000 - 160,000 - - Property Taxes are assessed within the Kiesel Community Development Project Area to fund improvements. TAXES PROPERTY TAXES - - - - OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET FISCAL YEAR REVENUE BUDGET KIESEL COMMUNITY DEVELOPMENT PROJECT AREA 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET INTEREST GENERAL - - Interest income if any is earned on positive cash balances. - - KIESEL COMMUNITY DEVELOPMENT PROJECT AREA TOTAL 107 ---PAGE BREAK--- ‐ ‐ ‐ 160,000 ‐ 160,000 ‐ ‐ ‐ 160,000 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES KIESEL COMMUNTIY DEVELOPMENT PROJECT AREA 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET COMMUNITY AND ECONOMIC DEVELOPMENT OTHER OPERATING EXPENSE ‐ 379 ‐ 160,000 ‐ ‐ ‐ 160,000 DIVISION SUMMARY COMMUNITY AND ECONOMIC DEVELOPMENT TAX INCREMENT DISTRICTS ‐ 379 ‐ 160,000 OPERATING TRANSFERS ‐ ‐ ‐ ‐ FUNDING SOURCES COMMUNITY AND ECONOMIC DEVELOPMENT INTEREST INCOME TAX REVENUE 108 ---PAGE BREAK--- RDA HOUSING FUND 109 ---PAGE BREAK--- ‐ 1,936,925 1,422,653 1,936,925 1,936,925 1,747,107 1,936,925 1,432,875 1,432,875 INTEREST (2,867) ‐ OTHER FINANCING SOURCES 1,425,520 1,432,875 EXPENDITURES OGDEN RDA GENERAL OPERATIONS 1,747,107 1,432,875 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF REVENUES AND EXPENDITURES RDA HOUSING 2016 ACTUAL 2017 ADOPTED 2018 BUDGET RDA HOUSING REVENUES 110 ---PAGE BREAK--- - - - - 882,875 1,936,925 550,000 - 1,432,875 1,936,925 1,432,875 1,936,925 INTEREST GENERAL (2,867) - Interest income if any is earned on positive cash balances. (2,867) - 1,425,520 1,000,000 1,422,653 1,000,000 RDA HOUSING TOTAL FISCAL YEAR REVENUE BUDGET RDA HOUSING 2016 ACTUAL 2017 7-MO ACTUAL 2017 ADOPTED 2018 BUDGET OTHER FINANCING SOURCES INTERFUND TRANSFERS 1,425,520 1,000,000 OGDEN REDEVELOPMENT AGENCY 2017-2018 BUDGET Housing funds from the various RDA Districts are transferred to the RDA Housing Fund. FUND BALANCE/CARRYOVER - - Fund balance carryover is the use of fund balance to help cover operating expenses for the RDA Housing fund. 111 ---PAGE BREAK--- 882,875 1,936,925 550,000 ‐ 1,432,875 1,936,925 246,300 OPERATING TRANSFERS 630,000 ‐ 550,000 450,000 OGDEN REDEVELOPMENT AGENCY 2017‐2018 BUDGET SUMMARY OF DEPARTMENTAL EXPENDITURES RDA HOUSING 2016 ACTUAL 2017 7‐MO ACTUAL 2017 ADOPTED 2018 BUDGET FUNDING SOURCES RDA FUND BALANCE/CARRYOVER 1,747,106 2,124,840 1,432,875 1,936,925 DIVISION SUMMARY RDA OGDEN RDA GENERAL OPERATIONS 1,747,107 2,124,840 1,432,875 1,936,925 TRANSFERS IMPROVEMENTS 1,114,304 1,878,536 708,725 240,625 DEBT SERVICE 1,102 ‐ ‐ 1,000,000 1,747,107 2,124,840 1,432,875 1,936,925 COMMUNITY AND ECONOMIC DEVELOPMENT CHARGES FOR SERVICES 1,700 246,304 174,150 112