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Project Funding Details <br />LOL for portion of police officers (DT Safety Initiative) and Eliminate Downtown Urban Renewal District Tax Increment Financing <br />Note: In order to show the full picture of what happens over time in this scenario, this cash flow double-counts debt (principal) proceeds: first, as an amount available to <br /> <br />spend on projects, and second, as the debt is repaid over time. <br /> <br />Debt Pmts <br /> <br />$ In Millions FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20-31 Totals <br /> <br />SOURCES <br /> <br />Beginning Balance $0.0 $0.9 $0.5 $0.1 $0.1 $0.1 $0.0 $0.2 $0.3 $0.0 <br /> <br />Urban Renewal Tax Increment Funds* $2.4 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $2.4 <br />General Fund Revenue* $0.9 $0.9 $1.0 $1.0 $1.0 $1.0 $1.1 $1.1 $1.1 $9.9 $18.9 <br />Debt Issued $9.5 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $9.5 <br />Local Option Levy Proceeds $0.0 $0.7 $0.7 $0.7 $0.7 $0.7 $0.8 $0.8 $0.8 $0.0 $5.7 <br />GO Bond Property Taxes for Debt Service Pmts $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 <br /> Total Sources $12.8 $2.4 $2.1 $1.8 $1.8 $1.8 $1.9 $2.1 $2.2 $9.9 $36.5 <br /> <br />USES <br /> <br />LCC, VA, Farmers Market Project Costs $11.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $11.0 <br />Police Officers** $0.7 $0.8 $0.8 $0.8 $0.8 $0.8 $0.9 $0.9 $0.9 $0.0 $7.3 <br />Debt Issuance, Legal & Professional Services $0.2 $0.1 $0.1 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.0 $0.3 <br />Project Administration $0.0 $0.2 $0.2 $0.1 $0.1 $0.1 $0.1 $0.1 $0.1 $0.0 $0.7 <br />Debt Service $0.0 $0.8 $0.8 $0.8 $0.8 $0.8 $0.8 $0.8 $0.8 $9.9 $16.5 <br /> Total Uses $11.9 $1.8 $1.8 $1.7 $1.7 $1.7 $1.7 $1.8 $1.8 $9.9 $35.8 <br /> <br />Ending Balance $0.9 $0.5 $0.1 $0.1 $0.1 $0.0 $0.2 $0.3 $0.4 <br /> <br /> <br />Note: Numbers may not add due to rounding. <br /> <br />*See Attachment G for full description. <br />**One-time funds from termination of tax increment financing would be used to pay for officers in FY11. Levy proceeds would be received starting in FY12. <br />