Page 20 - CityofRichlandHillsFY26AdoptedBudget
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TAX INCREMENT FINANCING FUND (FUND 089)
DEPARTMENT
60/61TAX INCREMENT FINANCING
FY 2026 TO FY 2026 TO
FY 2023 FY 2024 FY 2025 FY 2026 FY 2025 FY 2025
DESCRIPTION ACTUAL ACTUAL ADOPTED ADOPTED $ CHANGE % CHANGE
PROPERTY TAX - TRANSFER IN $ 157,524 $ 192,296 $ 240,291 $ 320,232 $ 79,941 33.3%
INTERGOVERNMENTAL 37,125 54,575 65,309 86,755 21,446 32.8%
SALES TAX-TRANSFER IN FROM GF 117,965 113,210 120,000 120,000 - 0.0%
INTEREST INCOME 23,882 35,731 - - (35,731) 0.0%
TOTAL REVENUE $ 336,496 $ 395,812 $ 425,600 $ 526,987 $ 101,387 23.8%
CAPITAL IMPROVEMENTS $ - $ 205,012 $ 132,480 $ 200,000 $ 67,520 51.0%
OTHER OPERATING $ - $ 423,780 $ 30,000 $ 50,000 $ 20,000 66.7%
CAPITAL $ 234,521 $ 11,178 $ - $ - $ (11,178) 0.0%
TOTAL EXPENDITURES $ 234,521 $ 639,970 $ 162,480 $ 250,000 $ 87,520 53.9%
BEGINNING FUND BALANCE 945,067 1,047,042 802,884 1,066,004
ENDING FUND BALANCE $ 1,047,042 $ 802,884 $ 1,066,004 $ 1,342,991
LINK REPLACEMENT FUND (FUND 103)
DEPARTMENT
FY 2026 TO FY 2026 TO
FY 2023 FY 2024 FY 2025 FY 2026 FY 2025 FY 2025
DESCRIPTION ACTUAL ACTUAL ADOPTED ADOPTED $ CHANGE % CHANGE
TRANSFERS IN FROM LINK FUND $ 60,985 $ 25,000 $ 107,844 $ 59,803 $ (48,041) -44.5%
TOTAL REVENUE $ 60,985 $ 25,000 $ 107,844 $ 59,803 $ (48,041) -44.5%
REPLACEMENTS $ 24,789 $ 35,985 $ 31,500 $ 64,000 $ 32,500 103.2%
TOTAL EXPENDITURES $ 24,789 $ 35,985 $ 31,500 $ 64,000 $ 32,500 103.2%
BEGINNING FUND BALANCE $ 4,625 $ 40,821 $ 29,836 $ 106,180
ENDING FUND BALANCE $ 40,821 $ 29,836 $ 106,180 $ 101,983
SPECIAL EVENTS FUND (FUND 108)
FY 2026 TO FY 2026 TO
FY 2023 FY 2024 FY 2025 FY 2026 FY 2025 FY 2025
DESCRIPTION ACTUAL ACTUAL ADOPTED ADOPTED $ CHANGE % CHANGE
TRANSFERS IN FROM RHDC $ - $ 53,046 $ 55,946 $ 63,946 $ 8,000 14.3%
EVENTS DONATIONS - 3,910 4,000 4,000 - 0.0%
TOTAL REVENUE $ - $ 56,956 $ 59,946 $ 67,946 8,000 13.3%
PERSONNEL $ - $ 7,827 $ 14,196 $ 22,196 $ 8,000 56.4%
OTHER OPERATING $ - $ 48,212 $ 45,750 $ 45,750 $ - 0.0%
TOTAL EXPENDITURES $ 56,039 $ 59,946 $ 67,946 $ 8,000 13.3%
BEGINNING FUND BALANCE $ - $ - $ 917 $ 917
ENDING FUND BALANCE $ - $ 917 $ 917 $ 917
