Page 120 - NRH FY20 Approved Budget

FISCAL YEAR 2019-2020
SCHEDULE 7 - SUMMARY OF REVENUES AND EXPENDITURES

TAX INCREMENT FINANCING FUND

ADOPTED REVISED ADOPTED
ACTUAL ACTUAL BUDGET BUDGET BUDGET
FY 2016/17 FY 2017/18 FY 2018/19 FY 2018/19 FY 2019/20

TAX INCREMENT FINANCING DISTRICT #1
REVENUES
Tax Increment Financing District #1 Taxes
City of North Richland Hills $45,432 $110,702 $95,408 $95,408 $0
Tarrant County Hospital District 18,164 37,547 38,178 38,178 0
Tarrant County College District 11,536 27,208 23,816 23,816 0
Tarrant County 0 36,325 41,507 41,507 0
Birdville ISD 115,882 121,009 0 0 0
Sub-Total $191,014 $332,791 $198,909 $198,909 $0
Other Funding Sources
Investment Income $3,313 $649 $11,440 $20,403 $20,403
Bond Defeasance / Refunding Proceeds 0 0 0 0 0
Appropriation of Fund Balance 471,719 433,935 0 0 0
Sub-Total $475,032 $434,584 $11,440 $20,403 $20,403
TOTAL REVENUES $666,047 $767,374 $210,349 $219,312 $20,403

EXPENDITURES & TRANSFERS
TIF #1 Debt Service $666,046 $659,532 $111,958 $111,958 $210
Bond Defeasance / Refunding 0 0 0 0 0
TOTAL EXPENDITURES $666,046 $659,532 $111,958 $111,958 $210
BALANCE $0 $107,843 $98,391 $107,354 $20,193

TAX INCREMENT FINANCING DISTRICT #2
REVENUES
Tax Increment Financing District #2 Taxes
City of North Richland Hills $1,896,052 $2,321,974 $2,610,197 $2,610,197 $2,910,684
Tarrant County Hospital District 811,368 976,874 1,115,729 1,115,729 1,244,834
Tarrant County College District 517,776 609,688 696,316 696,316 776,906
Tarrant County 879,200 1,022,008 1,213,025 1,213,025 1,353,388
Sub-Total $4,104,396 $4,930,544 $5,635,267 $5,635,267 $6,285,812

Other Funding Sources
Investment Income $1,938 ($22,497) $0 $0 $0
Bond Defeasance / Refunding Proceeds $0 $0 $0 $0 $0
Sub-Total $1,938 ($22,497) $0 $0 $0
TOTAL REVENUES $4,106,334 $4,908,047 $5,635,267 $5,635,267 $6,285,812

EXPENDITURES & TRANSFERS
TIF #2 Debt Service $2,346,287 $2,291,946 $2,232,753 $2,232,753 $2,175,579
Bond Defeasance / Refunding 0 0 0 0 0
Sub-Total 2,346,287 2,291,946 2,232,753 2,232,753 2,175,579
TOTAL EXPENDITURES 2,346,287 2,291,946 2,232,753 2,232,753 2,175,579
BALANCE $1,760,047 $2,616,101 $3,402,514 $3,402,514 $4,110,233

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