Page 19 - CityofRichlandHillsFY25AdoptedBudget

TAX INCREMENT FINANCING FUND (FUND 089)
DEPARTMENT
60/61TAX INCREMENT FINANCING
FY 2025 TO FY 2025 TO
FY 2022 FY 2023 FY 2024 FY 2025 FY 2024 FY 2024
DESCRIPTION ACTUAL ACTUAL ADOPTED PROPOSED $ CHANGE % CHANGE
PROPERTY TAX - TRANSFER IN $ 136,472 $ 157,524 $ 192,296 $ 240,291 $ 47,995 25.0%

INTERGOVERNMENTAL 39,102 37,125 53,349 65,309 11,960 22.4%

SALES TAX-TRANSFER IN FROM GF 72,655 117,965 75,000 120,000 45,000 60.0%
INTEREST INCOME - 23,882 - - - 0.0%

TOTAL REVENUE $ 248,229 $ 336,496 $ 320,645 $ 425,600 $ 104,955 32.7%
CAPITAL IMPROVEMENTS $ - $ - $ 320,000 $ 132,480 $ (187,520) -58.6%

TRANSFERS OUT $ 98,574 $ - $ - $ - $ - 0.0%
OTHER OPERATING $ 75,713 $ - $ 430,000 $ 30,000 $ (400,000) -93.0%

CAPITAL $ 11,683 $ 234,521 $ - $ - $ - 0.0%

TOTAL EXPENDITURES $ 185,970 $ 234,521 $ 750,000 $ 162,480 $ (587,520) -78.3%

BEGINNING FUND BALANCE 882,808 945,067 1,047,042 617,687
ENDING FUND BALANCE $ 945,067 $ 1,047,042 $ 617,687 $ 880,807
LINK REPLACEMENT FUND (FUND 103)
DEPARTMENT
FY 2025 TO FY 2025 TO
FY 2022 FY 2023 FY 2024 FY 2025 FY 2024 FY 2024
DESCRIPTION ACTUAL ACTUAL ADOPTED PROPOSED $ CHANGE % CHANGE

TRANSFERS IN FROM LINK FUND $ 25,000 $ 60,985 $ 25,000 $ 107,844 $ 82,844 331.4%

TOTAL REVENUE $ 25,000 $ 60,985 $ 25,000 $ 107,844 $ 82,844 331.4%
REPLACEMENTS $ 20,375 $ 24,789 $ 25,000 $ 31,500 $ 6,500 26.0%

TOTAL EXPENDITURES $ 20,375 $ 24,789 $ 25,000 $ 31,500 $ 6,500.00 26.0%

BEGINNING FUND BALANCE - $ 4,625 $ 40,821 $ 40,821
ENDING FUND BALANCE $ 4,625 $ 40,821 $ 40,821 $ 117,165
EMERGENCY OPERATIONS MANAGEMENT FUND (FUND 104)
FY 2025 TO FY 2025 TO
FY 2022 FY 2023 FY 2024 FY 2025 FY 2024 FY 2024
DESCRIPTION ACTUAL ACTUAL ADOPTED PROPOSED $ CHANGE % CHANGE
TRANSFERS IN FROM GF $ - $ 2,500 $ 2,500 $ 2,500 $ - 0.0%
TOTAL REVENUE $ - $ 2,500 $ 2,500 $ 2,500 $ - 0.0%
SUPPLIES $ - $ 1,582 $ 2,500 $ 2,500 $ - 0.0%
TOTAL EXPENDITURES $ 1,582 $ 2,500 $ 2,500 $ - 0.0%
BEGINNING FUND BALANCE $ - $ 918 $ 918
ENDING FUND BALANCE $ 918 $ 918 $ 918
SPECIAL EVENTS FUND (FUND 108)

FY 2025 TO FY 2025 TO
FY 2022 FY 2023 FY 2024 FY 2025 FY 2024 FY 2024
DESCRIPTION ACTUAL ACTUAL ADOPTED PROPOSED $ CHANGE % CHANGE
TRANSFERS IN FROM RHDC $ - $ - $ 53,046 $ 55,946 $ 2,900 5.5%
EVENTS DONATIONS - - 4,000 4,000 - 0.0%
TOTAL REVENUE $ - $ - $ 57,046 $ 59,946 2,900 5.1%

PERSONNEL $ - $ - $ 11,296 $ 14,196 $ 2,900 25.7%
OTHER OPERATING $ - $ - $ 45,750 $ 45,750 $ - 0.0%
TOTAL EXPENDITURES $ 57,046 $ 59,946 $ 2,900 5.1%
BEGINNING FUND BALANCE $ - $ - $ -
ENDING FUND BALANCE $ - $ - $ -