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812 Urban Renewal Agency Downtown Debt Service
<br />FY12FY12FY12
<br />doptedSB1 ActionRevised
<br />A
<br />I.RESOURCES
<br />BEGINNING WORKING CAPITAL
<br />1,018,554(639,838)378,716
<br />a
<br />CHANGE TO WORKING CAPITAL
<br />REVENUE
<br /> Taxes1,785,00001,785,000
<br /> Miscellaneous31,000031,000
<br />Total Revenue1,816,00001,816,000
<br />TOTAL RESOURCES2,834,554(639,838)2,194,716
<br />II.REQUIREMENTS
<br />Non-Departmental
<br /> Debt Service370,000765,0001,135,000
<br />b
<br /> Interfund Transfers355,0000355,000
<br /> Interovernmental Expend.760,000760,0000
<br />g()
<br />b
<br /> Reserve1,000,000295,284704,716
<br />()
<br />a,b
<br /> Balance Available349,554349,5540
<br />()
<br />a
<br />Total Non-Departmental2,834,554639,8382,194,716
<br />()
<br />TOTAL REQUIREMENTS2,834,554(639,838)2,194,716
<br />812 Urban Renewal Agency Downtown Debt Service
<br />Beginning Working Capital Reconciliation:
<br />a) Decrease the budgeted Beginning Working
<br />Capital by $639,838, decrease Debt Service Reserve by $290,284, and decrease Balance Available
<br />by $349,554. This adjustment brings the FY12 Budgeted Beginning Working Capital in compliance
<br />with the audited FY11 actual revenues and expenditures as determined by Isler & Company, LLC,
<br />the City's external auditor.
<br />Debt Service Realignment:
<br />b) Decrease the Intergovernmental Expenditures budget by $760,000,
<br />decrease Debt Service Reserve by $5,000, and increase Debt Service Budget by $765,000. This
<br />adjustment moves the parking garage debt service budget from the Parking Services Fund to the
<br />URA Downtown Debt Service Fund due to bond refunding in May 2011.
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