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37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 A B E F G H I J K L M FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 Total Beginning Cash Balance 1,100,000 $ 849,635 $ 425,416 $ 1,080,542 $ 3,071,324 $ 4,881,979 $ 7,287,546 $ Revenues Property Taxes 1 4,420,000 $ 4,641,000 $ 4,873,050 $ 5,116,703 $ 5,372,538 $ 5,641,165 $ 5,923,223 $ 35,987,677 $ State Entitlement Payment 148,194 148,194 148,194 148,194 148,194 148,194 148,194 1,037,358 Miscellaneous 25,000 18,750 18,750 18,750 18,750 18,750 18,750 137,500 Total Revenues 4,593,194 $ 4,807,944 $ 5,039,994 $ 5,283,647 $ 5,539,482 $ 5,808,109 $ 6,090,167 $ 37,162,535 $ Expenditures TIF Bond Debt Service (last yr use 1.5mill reserve) 1,783,824 $ 1,778,986 $ 1,778,886 $ 1,776,586 $ 1,780,933 $ 1,779,898 $ 1,973,170 $ 12,652,283 $ Semi-annual School Payment 1 650,000 682,500 716,625 752,456 790,079 829,583 871,062 5,292,305 Transfer to City Hall Fund 2 250,000 $1,500,000 737,142 2,487,142 Salaries and O&M 3 364,735 375,677 386,947 398,556 410,512 422,828 435,513 2,794,768 Business Rehab Loan 30,000 30,000 30,000 30,000 30,000 30,000 30,000 210,000 Land Purchase Urban Renewal Projects: Misc Urban Renewal Projects 15,000 15,000 15,000 15,000 15,000 15,000 15,000 105,000 High School TIF project 750,000 750,000 1,500,000 Depot Park million) (phase 2-4) 400,000 - 620,267 220,267 602,302 225,233 2,068,068 Ped-Bike bridge to Skye Park (Total ~$700k) 350,000 ? 350,000 Develop additional downtown parking $6,500,000 ? ? - Assist Private Developer - Boutique Hotel $515,000 ? ? ? ? ? ? - Assist Private Developer - Idaho Timber ? ? ? ? ? ? - Assist Private Developer - N. Valley Hospital ? ? ? ? ? ? - Assist Private Developer - Other Redevelopment ? ? ? ? ? ? - Downtown/O'Shaugnessy Restrooms 100,000 100,000 Other Real Estate Committee Land Purchase Options ? ? ? ? ? ? - Housing Authority 50,000 50,000 Chamber ($96k) $96,000 - Depot Park Snow Lot (phase 5 of depot park) $550,000 - Install/refurbish water & sewer lines throughout district ? ? ? ? ? ? - Miscellaneous - - - - - - - - Contingency 100,000 100,000 100,000 100,000 100,000 100,000 100,000 700,000 Total Approximate Non-Committed $7,661,000 - Total Expenditures 4,843,559 $ 5,232,163 $ 4,384,868 $ 3,292,865 $ 3,728,826 $ 3,402,541 $ 3,424,745 $ 28,309,567 $ Revenues less Expenditures (250,365) $ (424,219) $ 655,126 $ 1,990,781 $ 1,810,655 $ 2,405,567 $ 2,665,422 $ 8,852,968 $ Ending Cash Balance 849,635 $ 425,416 $ 1,080,542 $ 3,071,324 $ 4,881,979 $ 7,287,546 $ 9,952,968 $ 1 Assumes 5% growth per year 2 Assumes City Hall construction for $4,800,000 in 2014, $750k land already purchased. Current available, Apr '13, plus future impact fees = $2,313,000 3 Assumes 3% growth per year Prepared 5/10/2013 TIF Financial Plan July 2013 through July 2020