Page 115 - N. Richland Hills General Budget
P. 115
FISCAL YEAR 2020-2021
SCHEDULE 7 - SUMMARY OF REVENUES AND EXPENDITURES
TAX INCREMENT FINANCING FUND
ADOPTED REVISED ADOPTED
ACTUAL ACTUAL BUDGET BUDGET BUDGET
FY 2017/18 FY 2018/19 FY 2019/20 FY 2019/20 FY 2020/21
TAX INCREMENT FINANCING DISTRICT #1
REVENUES
Tax Increment Financing District #1 Taxes
City of North Richland Hills $110,702 $0 $0 $0 $0
Tarrant County Hospital District 37,547 6,066 0 0 0
Tarrant County College District 27,208 0 0 0 0
Tarrant County 36,325 45,949 0 0 0
Birdville ISD 121,009 0 0 0 0
Sub-Total 332,791 $52,015 $0 $0 $0
Other Funding Sources
Investment Income $649 $46,060 $20,403 $11,704 $14,050
Bond Defeasance / Refunding Proceeds 0 0 0 0 0
Appropriation of Fund Balance 433,935 0 0 0 0
Sub-Total 434,584 $46,060 $20,403 $11,704 $14,050
TOTAL REVENUES 767,374 $98,075 $20,403 $11,704 $14,050
EXPENDITURES & TRANSFERS
TIF #1 Debt Service $659,532 $111,857 $210 $210 $209
Bond Defeasance / Refunding 0 0 0 0 0
TOTAL EXPENDITURES 659,532 $111,857 $210 $210 $209
BALANCE 107,843 ($13,782) $20,193 $11,494 $13,841
TAX INCREMENT FINANCING DISTRICT #2
REVENUES
Tax Increment Financing District #2 Taxes
City of North Richland Hills $2,321,974 $2,627,216 $2,910,684 $2,901,452 $3,127,837
Tarrant County Hospital District 976,874 1,105,791 1,244,834 172,651 0
Tarrant County College District 609,688 671,841 776,906 710,023 833,226
Tarrant County 1,022,008 1,085,576 1,353,388 380,797 0
Sub-Total 4,930,544 $5,490,424 $6,285,812 $4,164,923 $3,961,063
Other Funding Sources
Investment Income ($22,497) $218,462 $0 $0 $0
Bond Defeasance / Refunding Proceeds 0 $0 $0 $0 $0
Sub-Total (22,497) $218,462 $0 $0 $0
TOTAL REVENUES 4,908,047 $5,708,887 $6,285,812 $4,164,923 $3,961,063
EXPENDITURES & TRANSFERS
TIF #2 Debt Service 2,290,223 $2,234,978 $2,174,304 $2,174,304 $2,106,960
Bond Defeasance / Refunding 1,724 1,229 1,275 1,275 1,481
Sub-Total 2,291,946 2,236,206 2,175,579 2,175,579 2,108,441
TOTAL EXPENDITURES 2,291,946 2,236,206 2,175,579 2,175,579 2,108,441
BALANCE 2,616,101 $3,472,681 $4,110,233 $1,989,344 $1,852,622
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