Page 316 - Keller FY20 Approved Budget

TAX INCREMENT REINVESTMENT FUND

FUND DESCRIPTION:
The Tax Increment Reinvestment Zone Interest and Sinking Fund accounts for the accumulation of resources for and the
payment of long-term debt principal and interest issued by the Keller Town Center TIRZ. TIRZ assessments are paid (assessed)
into the I&S fund from each of the participating entities. The TIRZ debt is considered self-supporting debt of the Tax Increment
Reinvestment Zone. In FY 2017-2018, the TIRZ ended and the fund balance moved to the general fund.

REVENUE SUMMARY

FY 2019-20
FY 2017-18 FY 2018-19 FY 2018-19 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)

Revenue-Tif Taxes/City $ 923,309 $ – $ – $ – $ –

Revenue-Tif Taxes/Kisd 3,117,970 – – – –

Revenue-Tif Taxes/Tarrant Co 335,976 – – – –

Revenue-Tif Taxes/Tccd 305,785 – – – –
Revenue-Tif Taxes/Tchd 315,915 – – – –

Debt Issuance-Refunding Bonds – – – – –

Interest Revenue-Investments 24,783 – – – –

Transfer From Debt Service 245,173 – – – –

TOTAL $ 5,268,911 $ – $ – $ – $ –
EXPENDITURE SUMMARY

FY 2019-20
FY 2017-18 FY 2018-19 FY 2018-19 Adopted Budget
EXPENDITURES BY CATEGORY: Actual Budget YE Proj. Budget Variance ($)
Personnel services $ – $ – $ – $ – $ –
Operations & maintenance – – – – –

Services & other – – – – –

Debt service 3,364,242 – – – –

Transfers to other funds 2,339,591 – – – –

Capital outlay – – – – –

TOTAL $ 5,703,833 $ – $ – $ – $ –

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