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812 Urban Renewal Agency Downtown Debt Service
<br />Attachment A
<br />FY11FY11FY11FY11
<br />AdoptedSB1 ActionJune SB Revised
<br />Action
<br />I.RESOURCES
<br />BEGINNING WORKING CAPITAL
<br />4,718,491(119,431)04,599,060
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Taxes1,920,000001,920,000
<br /> Miscellaneous25,0000025,000
<br /> Fiscal Transactions4,500,00003,400,0007,900,000
<br />a
<br />Total Revenue6,445,00003,400,0009,845,000
<br />TOTAL RESOURCES11,163,491(119,431)3,400,00014,444,060
<br />II.REQUIREMENTS
<br />Non-Departmental
<br /> Debt Service150,00000150,000
<br /> Interfund Transfers1,030,000001,030,000
<br /> Intergovernmental Expend.8,740,00004,521,00013,261,000
<br />a
<br /> Reserve1,000,0000(1,000,000)0
<br />a
<br /> Balance Available243,491(119,431)(121,000)3,060
<br />a
<br />Total Non-Departmental11,163,491(119,431)3,400,00014,444,060
<br />TOTAL REQUIREMENTS11,163,491(119,431)3,400,00014,444,060
<br />812 Urban Renewal Agency Downtown Debt Service
<br />a)Recognize Urban Renewal Agency bond revenues in the amount of $3,400,000, reduce Debt Service
<br />Reserve by $1,000,000, reduce Balance Available by $121,000, and increase intergovernmental
<br />expenditures for parking garage bond refinancing by $4,521,000. This action is necessary in order to
<br />account for refinancing of the parking garage bonds in order to reduce interest costs.
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