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EDA TIF DISTRICT #4 - PRESBYTERIAN HOMES Function: Economic Development Supervisor: Director of Finance and Administrative Services Fund#: 254 Activity#: 47308 Activity Scope TIF district No. 4, Presbyterian Homes, was established as a 15 year renewal and renovation district to facilitate the redevelopment of existing senor housing units and replacement of existing nursing home units. The first increment is scheduled to be received in 2014 with the districted expiring on December 31, 2029. Objectives 1. Utilize Rinds for Presbyterian Homes project per the development agreement. Is- 1. Ensure compliance with TIF laws for uses of available fluids. Measurable Workload Data None developed at this time. Budget Commentary No increment has been received as this district has not generated any income yet, but is expected to in 2014. The current budget at this tune consists of administrative charges. Budget SLin�iiiaiy Function:Economic Development Department: EDA TIF District#4 Pres Homes Appropriation Detail Actual Actual Budget Amended Year To Date Proposed %Change Activity FY 2011 FY 2012 FY 2013 FY2013 10/2412013 FY 2014 13 vs 14 Revenues Taxes - - - - - 95,200 0.00% Intergovernmental - - - - - - 0.00% Miscellaneous - - - - 2,500 - 0.00% Total Revenues $ - $ - $ - $ - $ 2,500 $ 95,200 0.00% Expenditures Total Materials and Supplies - - - - 3.522 - 0.00% Other Services and Charges - 973 300 300 18,158 7,500 0.00% Capital Outlay - - - - 5,36/ - U.UO% Total Operating Expenses - 973 300 300 27,047 7,500 0.00% Total Expenditures $ - $ 973 $ 300 $ 300 $ 27,047 $ 7,500 Fund Balance-January 1 - - (973) (973)' (973) (1,273) Excess Revenue Over Expenditure - (973) (300) (300) (24.547) 87,700 Fund Balance-December 31 $ - $ (973) $ (1,273) $ (1,273) $ (25,520) $ 86,427 - 10-