CITY OF ELMHURST, IL

Transcription

1 CITY OF ELMHURST, IL 2018 PROPOSED BUDGET REDEVELOPMENT PROJECTS FUND (TIF I) The Redevelopment Projects Fund (TIF I) is used to account for the tax increment revenues used for the redevelopment of the City's downtown tax increment financing district. Revenue sources include property tax increment revenues and interest income. Capital outlay for land acquisition, streetscape improvements, parking improvements, facade renovations and other public improvements are the primary expenditures of the fund. 233

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3 CITY OF ELMHURST REDEVELOPMENT PROJECTS FUND {#310) Revenues and Expenditures And Changes in Fund Balance Fiscal Years Ended December 31 Revenues: Property Taxes, Net Other Income Interest Income Total Revenues Actual Actual Estimated 2,010,409 1,977,527 2,130,000 8,485 11,736 20,562 40,000 2,030,630 1,998,089 2,170, Proposed Proposed 2,223,400 2,490,000 46,000 28,000 2,269,400 2,518,000 Expenditures: Contractual Services Other Expenses Capital Debt Service Total Expenditures 98,827 81, , , ,390 1,502, , ,151 1,625,000 1,523, ,177 3,228,400 51,000 51,000 2,121,700 2,184, , ,000 2,832,700 2,465,700 Excess (Deficiency) Revenues Over Expenditures 507,256 1,275,912 (1,058,400) (563,300) 52,300 Other Financing Source (Uses): Transfers In I (Out) Transfers Out-Debt Service Total Other Fin. Sources (Uses) (498,455) (478,074) (478,000) (498,455) (478,074) (478,000) {989,100) (986,600) {485,400) (488,700) (1,474,500) (1,475,300) Excess (Deficiency) of revenues and other financing sources over expenditures and other financing uses 8, ,838 (1,536,400) (2,037,800) (1,423,000) Fund Balance Beginning of Year 4,739,443 4,748,244 5,546,082 4,009,682 1,971,882 Fund Balance End of Year 4,748,244 5,546,082 4,009,682 1,971, ,

4 CITY OF ELMHURST REDEVELOPMENT FUND REVENUES 2018 PROPOSED BUDGET $2,269,400 N w O'l Interest/Other Income $46, % Property Taxes $2,223, %

5 City of Elmhurst, Illinois Proposed Annual Budget For The Fiscal Year Ending December 31, 2018 CITY OF ELMHURST, ILLINOIS SCHEDULE OF REVENUES 2015 Actual Redevel. Proj. Fund Taxes Property Tax-Curr. 2,010,409 Sub-Total 2,010,409 Interest Income Int. Income 11, Int. - Undistributed Taxes Sub-Total 11,736 Other Income Rental Income TIF Surplus Distr 8,485 Sub-Total 8, Actual 1,977,527 1,977,527 20,562 20, Budget Estimated Projected Projected 2,024,000 2,130,000 2,223,400 2,490,000 2,024,000 2,130,000 2,223,400 2,490,000 12,000 40,000 46,000 28, ,100 40,000 46,000 28, , ,300 Total Redevelopment Proj. Fund 2,030,630 1,998,089 2,156,400 2,170,000 2,269,400 2,518,

6 CITY OF ELMHURST REDEVELOPMENT FUND EXPENDITURES 2018 PROPOSED BUDGET $4,307,200 Capital 15.3% $660,000 lnterfund Transfers 34.2% $1,474,500 Contractual Services 1.2% $51,000 N w 00 Other Expenses 49.3% $2,121,700 (1) Includes proposed transfer to the Parking System Fund for debt service payments for the Addison Avenue Parking Deck.

7 City of Elmhurst, Illinois Proposed Annual Budget For The Fiscal Year Ending December 31, 2018 Redevelopment Project Fund (TIF I) Actual Actual Budget Estimated Projected Projected Redevel. Projects Contractual Services Banking Expenses 1,005 1,018 1,000 1,000 1,000 1, Consultant Fees 4, Professional Services 97,822 76,043 50, ,000 50,000 50,000 Sub-Total 98,827 81,636 51, ,000 51,000 51,000 Other ExQenses Developer Incentive 10,000 27,908 45,000 45,000 20,000 20, City Centre, Inc. 324, , , , , , Other Expenses 167,786 3,350,000 1,060,400 1,664,700 1,714,700 Sub-Total 502, ,390 3,730,000 1,502,400 2,121,700 2,184,700 CaQital Outla Streetscape 181, , , , , , Utilities Relocation 500, , Other Public lmprov. 726,080 58, , , ,000 55, Facade Renovation 14, , , ,000 75,000 75,000 Sub-Total 922, ,151 1,675,000 1,625, , ,000 lnterfund Transfers Trans. To Parking System 989, , Trans. To Debt Service 498, , , , , ,700 Sub-Total 498, , , ,000 1,474,500 1,475,300 Total Redev. Projects Fund 2,021,829 1,200,251 5,937,995 3,706,400 4,307,200 3,941,

8 CITY OF ELMHURST INCREASE IN PROPOSED LINE ITEM 2018 BUDGET (January - December) Instructions 1. Provide explanation if increase (5) is in excess of 5% and more than $2,500 over the previous year's budget (2). Fund - Redevelopment Dept./Division - Redevelopment! Increase 2019 Account Code(#) Actual Budget Estimated Proposed (4-2) Proposed A) $326,482 $335,000 $397,000 $437,000 $102,000 $450,000 Account Description - City Centre Explanation - Pass through funds are collected by the Central Business District TIF {I) based on the property tax levied by SSA #6. Increase reflects levy increase proposed by SSA #6. B) Account Description - $0 $0 Tsf To Parking System $0 $989,100 $989,100 $986,600 Explanation - This reflects funding from the Central Business District TIF (I) for FY 2018 and FY 2019 Debt Service Payments for the Addison Deck. 240

9 CITY OF ELMHURST, IL 2018 PROPOSED BUDGET INDUSTRIAL DEVELOPMENT FUND (TIF II) The Industrial Development Fund (TIF II) is used to account for the tax increment revenues used for the development of the City's Lake Street tax increment financing district. Line of credit drawdowns (borrowings) were used to purchase approximately seven acres of land, where the individual parcels purchased could not be developed individually. Revenue generated from the sale of property and the property tax increment created from the development was used to repay the line of credit debt (the public benefit portion of Special Assessment #556 was paid off in FY 2005/06). TIF II terminated at the end of FY A portion of the redevelopment project area was released in FY 2016 and included in the new Church Road/Lake Street TIF District (TIF V). Funds in TIF II will be transferred to the Church Road/Lake Street Redevelopment Fund in FY 2016 and FY

10 CITY OF ELMHURST INDUSTRIAL DEVELOPMENT FUND (#320) Revenues and Expenditures And Changes in Fund Balance Fiscal Years Ended December 31 Revenues: Property Taxes, Net Interest Income Other Income Total Revenues Actual Actual Estimated 677, , ,700 7,919 12,743 1, , , , Proposed Proposed Expenditures: Contractual Services Other Expenses Capital Debt Service Total Expenditures 11,463 6,194 5, ,000 11, ,194 5,000 Excess (Deficiency) Revenues Over Expenditures 673, , ,700 Other Financing Source (Uses): Operating Transfers Out Total Other Fin. Sources (Uses) (3,000,000) (462,233) (3,000,000) (462,233) Excess (Deficiency) of revenues and other financing sources over expenditures and other financing uses 673,870 (2,467,208) (51,533) Fund Balance Beginning of Year 1,844,871 2,518,741 51,533 Fund Balance End of Year 2,518,741 51,

11 City of Elmhurst, Illinois Proposed Annual Budget For The Fiscal Year Ending December 31, 2018 CITY OF ELMHURST, ILLINOIS SCHEDULE OF REVENUES 2015 Indus. Dev. Proj. Fund Taxes Actual Property Tax-Curr. 677,414 Interest Income Sub-Total 677, Int. Income 7, Int. - Undistributed Taxes Sub-Total 7, Actual Budget Estimated Projected Projected 626, , , , , ,700 12, ,000 12, ,000 Total Indus. Develpmnt Proj. Fund 685, , , ,

12 City of Elmhurst, Illinois Proposed Annual Budget For The Fiscal Year Ending December 31, 2018 Industrial Development Fund (TIF II) Industrial Dev Contractual Services Banking Expenses 1,005 1,018 1, Consultant Fees Actual Actual Budget Estimated Projected Projected Professional Services 10,458 4,846 4,000 5,000 Sub-Total 11,463 6,194 5,000 5,000 Other Exi;ienses Other Expenses Sub-Total Cai;iital Outlall Land Improvements 100,000 Sub-Total 100,000 lnterfund Transfers Trans. To Church/Lake St. 3,000, , ,233 Sub-Total 3,000, , ,233 Total lndust. Dev. Proj. Fund 11,463 3,106, , ,

13 CITY OF ELMHURST, IL 2018 PROPOSED BUDGET RT. 83 COMMERCIAL DEVELOPMENT FUND (TIF Ill) The Rt. 83 Commercial Development Fund {TIF Ill) is used to account for the tax increment revenues used for the development of the City's Rt. 83 tax increment financing district. Future expenditures include debt service payments, administrative fees, and capital outlay for other public improvements. Proceeds from the 1998 general obligation bond issue and property tax increment revenues have funded the development of the Rt. 83 TIF district. 245

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15 CITY OF ELMHURST RT. 83 COMMERCIAL DEVELOPMENT FUND (#325) Revenues and Expenditures And Changes in Fund Balance Fiscal Years Ended December 31 Revenues: Property Taxes, Net Interest Income Other Income Total Revenues Actual Actual Estimated 493, , ,800 1,652 3,630 10,000 21,527 11,000 11, , , , Proposed Proposed 507, , ,000 11, , ,200 Expenditures: Contractual Services Other Expenses Capital Total Expenditures 4,706 3,910 4,000 16,500 1,225,000 21,206 3,910 1,229,000 5,000 5, , , , ,500 Excess (Deficiency) Revenues Over Expenditures 495, ,680 (719,200) (10,900) (29,300) Other Financing Source (Uses): Operating Transfers Out Total Other Fin. Sources (Uses) (81,442) (73,519) (71,400) (81,442) (73,519) (71,400) Excess (Deficiency) of revenues and other financing sources over expenditures and other financing uses 414, ,161 (790,600) (10,900) (29,300) Fund Balance Beginning of Year 11, , ,026 45,426 34,526 Fund Balance End of Year 425, ,026 45,426 34,526 5,

16 City of Elmhurst, Illinois Proposed Annual Budget For The Fiscal Year Ending December 31, 2018 CITY OF ELMHURST, ILLINOIS SCHEDULE OF REVENUES 2015 Actual Rt. 83 Comm. Redevel Taxes Property Tax-Curr. 493,639 Sub-Total 493,639 Interest Int. Income 1, Int. - Undistributed Taxes Sub-Total 1,652 Other Income Rental Income 21,527 Sub-Total 21, Actual 472, ,960 3,630 3,630 11,000 11, Budget Estimated Projected Projected 490, , , , , , , , , , ,000 11,000 11,000 11,000 11,000 11,000 11,000 11,000 Total Rt. 83 Comm. Redevel. Fund 516, , , , , ,

17 City of Elmhurst, Illinois Proposed Annual Budget For The Fiscal Year Ending December 31, 2018 Rt. 83 Comm Development Fund (TIF Ill) Actual Actual Budget Estimated Projected Projected Rt. 83 Com. Red. Fnd Contractual Services Banking Expenses 1,005 1,018 1,000 1,000 1,000 1, Consultant Fees 275 1,320 1,000 1,000 1, Professional Services 3,426 1,572 3,000 3,000 3,000 3,000 Sub-Total 4,706 3,910 5,000 4,000 5,000 5,000 Other Exenses Developer Incentive 16,500 Sub-Total 16,500 Caital Outla Prop./Land Acquisition Other Public lmprov. 1,225,000 1,225, , ,500 Sub-Total 1,225,000 1,225, , ,500 lnterfund Transfers Trans. To Debt Service 81,442 73,519 71,365 71, Transfer to Crp Prp 2014A Sub-Total 81,442 73,519 71,365 71,400 Total Rt. 83 Comm. Redev. Fund 102,648 77,429 1,301,365 1,300, , ,

18 CITY OF ELMHURST, IL 2018 PROPOSED BUDGET NORTH YORK STREET DEVELOPMENT FUND {TIF IV) The North York Street Development Fund (TIF IV) is used to account for the tax increment revenues used for the development of the City's North York Street tax increment financing district. Expenditures include economic development incentives, administrative fees, the purchase of property within the TIF district and other public improvements. Proceeds from the City's line of credit will fund development expenditures prior to the receipt of property tax increment. Projected fund deficits will be financed through future receipts of incremental taxes. 250

19 .GIWID!".E Tax Increment Financin District 4 RSEYAVE ,. \---r II I li3 a: :s;i :!wltw AVE tj I. I - 11.! xi---'---..,.---, I 'I I INDUSTRIAL DR N A I r--t u - :E 1iil l==l= I > ( - GRANTL P'll I' 111 dirrm ' m r II l 'I I- ;!!? VI :o,c( Z Z 1:J '<L l...j 0 ;;i; THIRD ST

20 CITY OF ELMHURST NORTH YORK STREET REDEVELOPMENT FUND (#330} Revenues and Expenditures And Changes in Fund Balance Fiscal Years Ended December 31 Revenues: Property Taxes, Net Intergovernmental Interest Income Other Income Total Revenues Actual Actual Estimated 298, , ,000 1,664,901 1,963, , , Proposed Proposed 745,000 1,125,000 33, ,640 1,500 5, ,500 1,278,640 Expenditures: Contractual Services Capital Debt Service Total Expenditures 113, ,458 26,000 2,230,688 1,638,680 75,000 29,453 33,979 70,200 2,373,451 1,785, , , ,500 41, , ,000 96, , ,300 Excess (Deficiency) Revenues Over Expenditures (410,302) (1,493,910) 142, , ,340 Other Financing Source (Uses): line of Credit Total Other Fin. Sources (Uses) 750,000 1,252, ,000 1,252,000 (200,000) (800,000) (200,000} (800,000) Excess (Deficiency) of revenues and other financing sources over expenditures and other financing uses (410,302) (743,910) 1,394, ,800 81,340 Fund Balance Beginning of Year (254,291) (664,593) (1,408,503) (13,703) 214,097 Fund Balance End of Year (664,593) (1,408,503) (13,703) 214, ,

21 City of Elmhurst, Illinois Proposed Annual Budget For The Fiscal Year Ending December 31, 2018 CITY OF ELMHURST, ILLINOIS SCHEDULE OF REVENUES 2015 Actual North York Redev Proi:i. Taxes Corporate 298, TIF Rebate Sub-Total 298,248 Grants Federal Grants Sub-Total Interest Interest Income Sub-Total Other Income Rental Income Sale of Property 1,664,901 Sub-Total 1,664,901 Bond Proceeds Letter of Credit Sub-Total Actual Budget Estimated Projected Projected 291, , , ,000 1,200,000 (55,000) (75,000) 291, , , ,000 1,125, ,000 1,252, ,000 1,252,000 33, ,640 33, ,640 1,500 5,000 1,500 5,000 Total North York Redevelopment 1,963,149 1,041, ,000 1,566, ,500 1,278,

22 City of Elmhurst, Illinois Proposed Annual Budget For The Fiscal Year Ending December 31, 2018 North York Redevelopment Fund (TIF IV} Actual Actual Budget Estimated Projected Projected North York Redev Contractual Services Banking Expenses soo 1, Consultant Fees 5, Professional Services 113, , ,000 25, , ,000 Sub-Total 113, , ,500 26, , ,500 Ca12ital Outlal Prop./Land Acquisition Other Public lmprov. 2,230,688 1,638, ,000 75,000 41, ,800 Sub-Total 2,230,688 1,638, ,000 75,000 41, ,800 Debt Service Interest 29,453 33,979 50,000 70, ,000 96, Principal - Line of Credit 200, ,000 Sub-Total 29,453 33,979 50,000 70, , ,000 Total North York Redev. Fund 2,373,451 1,785, , , ,700 1,197,

23 CITY OF ELMHURST INCREASE IN PROPOSED LINE ITEM 2018 BUDGET (January - December) Instructions 1. Provide explanation if increase (5) is in excess of 5% and more than $2,500 over the previous year's budget (2). Fund - North York Redevelopment Dept./Division - Commercial Development.! Increase 2019 Account Code (#) Actual Budget Estimated Proposed (4-2) Proposed A) $33,979 $50,000 $70,200 $100,000 $50,000 $96,000 Account Description - Interest Explanation - Increase in interest expense is due to additional draws on the line of credit for project costs associated with the redevelopment agreement. B) $0 $0 $0 $200,000 $200,000 $800,000 Account Description - Principal line of Credit Explanation - The proposed budget reflects principal payment on the line of credit due to projected property tax increment anticipated for the North York TIF (IV). 255

24 CITY OF ELMHURST, IL 2018 PROPOSED BUDGET CHURCH ROAD/LAKE STREET REDEVELOPMENT FUND (TIF V) The Church Road/Lake Street Redevelopment Fund (TIF V) is used to account for the tax increment revenues used for the redevelopment of the City's Church Road/Lake Street tax increment financing district. Expenditures include economic development incentives, administrative fees, and interest expense. Funds from the City's Industrial Development Fund (TIF II) will be transferred to the Church Road/Lake Street Redevelopment Fund (TIF V) in FYs 2016 and Proceeds from the line of credit will also fund development expenditures prior to the receipt of property tax increment. Projected fund deficits will be financed through future receipts of incremental taxes. 256

25 Church Road and Lake Street TIF District, l=j,1 1 wl 1 I' s I ts Q f =--. I02 a Feet w ,000

26 CITY OF ELMHURST CHURCH ROAD/LAKE STREET REDEVELOPMENT FUND (#335) Revenues and Expenditures And Changes in Fund Balance Fiscal Years Ended December Revenues: Actual Actual Estimated Property Taxes, Net 167,000 Interest Income ,000 Other Income Total Revenues , Proposed Proposed 350, ,000 1,500 1, , ,000 Expenditures: Contractual Services 23,997 30,500 Capital 4,500,000 Debt Service 1,700 Total Expenditures 23,997 4,532,200 50,500 50,500 1,500, ,000 40,000 55,000 1,590, ,500 Excess (Deficiency) Revenues Over Expenditures (23,875) (4,342,200) (1,239,000) 195,500 Other Financing Source (Uses): Line of Credit 1,000,000 Operating Transfers In 3,000, ,233 Total Other Fin. Sources (Uses) 3,000,000 1,462,233 1,200,000 (200,000) 1,200,000 (200,000) Excess (Deficiency) of revenues and other financing sources over expenditures and other financing uses 2,976,125 (2,879,967) (39,000) (4,500) Fund Balance Beginning of Year 2,976,125 96,158 57,158 Fund Balance End of Year 2,976,125 96,158 57,158 52,

27 City of Elmhurst, Illinois Proposed Annual Budget For The Fiscal Year Ending December 31, 2018 CITY OF ELMHURST, ILLINOIS SCHEDULE OF REVENUES 2015 Actual Church/Lake Redev Pro12. Taxes Corporate Sub-Total Interest Interest Income Sub-Total lnterfund Transfers Tsf From Ind. Dev. Fund Sub-Total Bond Proceeds Letter of Credit Sub-Total 2016 Actual ,000,000 3,000, Budget Estimated Projected Projected 115, , , , , , , , , , , ,233 23,000 1,500 1,000 23,000 1,500 1,000 2,400,000 1,000,000 1,200,000 2,400,000 1,000,000 1,200,000 Total Church/Lake Redevelopment 3,000,122 2,973,541 1,652,233 1,551, ,

28 City of Elmhurst, Illinois Proposed Annual Budget For The Fiscal Year Ending December 31, 2018 Church Rd./Lake St. Redevelopment Fund (TIF V) Actual Actual Budget Estimated Projected Projected Church Rd./lake St. Redev Contractual Services Banking Expenses Consultant Fees 3, Professional Services 20, ,000 30,000 50,000 50,000 Sub-Total 23, ,000 30,500 50,500 50,500 Caital Outla Other Public lmprov. 6,000,000 4,500,000 1,500, ,000 Sub-Total 6,000,000 4,500,000 1,500, ,000 Debt Service Interest 1,700 40,000 55, Principal - line of Credit 200,000 Sub-Total 1,700 40, ,000 Total Church/Lake St. Redev. Fund 23,997 6,100,000 4,532,200 1,590, ,

29 CITY OF ELMHURST INCREASE IN PROPOSED LINE ITEM 2018 BUDGET (January - December) Instructions 1. Provide explanation if increase (5) is in excess of 5% and more than $2,500 over the previous year's budget (2). Fund - Church Rd/Lake St Redevelopment Dept./Division - Commerical Redevelopment.! Increase Account Code (#) Actual Budget Estimated Proposed (4-2) Proposed A) $0 $0 $1,700 $40,000 $40,000 $55,000 Account Description - Interest Explanation - Proposed budget reflects interest expense on the line of credit for borrowing project costs associated with the redevelopment agreement in the Church Rd.flake St. TIF (V). 261

30 CITY OF ELMHURST, IL 2018 PROPOSED BUDGET STORMWATER FUND The Stormwater Fund is used to account for the proceeds of fees paid in lieu of meeting stormwater detention requirements for new public and private infrastructure improvements, home rule sales tax (25% of total as of July 1, 2016), General Obligation Bond proceeds and to account for transfers from the General Fund and the Capital Improvement Fund. Capital outlay for stormwater related improvements (including above ground storage at park and school district sites) are the primary expenditures of the fund. Expenditures for the comprehensive stormwater (flood control) plan and the acquisition of property have also been allocated to this fund. 262

31 CITY OF ELMHURST STORMWATER FUND (#305) Revenues and Expenditures And Changes in Fund Balance Fiscal Years Ended December 31 Revenues: Property Taxes, net Sales Taxes - Home Rule Interest Income Other Income Total Revenues Actual Actual Estimated 885,835 1,773,750 1,364 56,440 95,000 4,983 6, ,275 1,868, Proposed Proposed 477,750 1,806,000 1,851,000 23,000 40,000 50,000 50,000 1,879,000 2,418,750 Expenditures: Capital Debt Service Total Expenditures 1,648,703 13,762,782 17,224,000 62, ,535 1,711,475 14,228,317 17,224,000 2,566,000 5,100,000 2,566,000 5,100,000 Excess (Deficiency) Revenues Over Expenditures (1, 705,128) (13,286,042) (15,355,250) {687,000) (2,681,250) Other Financing Source (Uses): Transfers In Transfer Out Bond Proceeds Total Other Fin. Sources (Uses) 878,992 1,600,000 (178,996) (1,203,700) 4,269,665 25,902,021 4,269,665 26,602, , , ,000 (1,377,000) (1,945,250) 6,500,000 5,623,000 (1,445,250) Excess (Deficiency) of revenues and other financing sources over expenditures and other financing uses 2,564,537 13,315,975 (14,958,950) 4,936,000 (4,126,500) Fund Balance Beginning of Year 376,276 2,940,813 16,256,788 1,297,838 6,233,838 Fund Balance End of Year 2,940,813 16,256,788 1,297,838 6,233,838 2,107,

32 City of Elmhurst, Illinois Proposed Annual Budget For The Fiscal Year Ending December 31, 2018 CITY OF ELMHURST, ILLINOIS SCHEDULE OF REVENUES 2015 Actual Strmwtr Det. Proj. Fund Proertll Taxes Debt Service Sales Tax Home Rule Tax Interest Income Sub-Total Sub-Total Int. Income 1,364 Other Income Sub-Total 1, Miscellaneous 4,983 lnterfund Transfers Tsf From General Fund From Capital lmpr From Series 2014 Bond Proceeds Sub-Total 4,983 Sub-Total G.O. Bond Proceeds 4,000, Premium on LT Debt 269,665 Sub-Total 4,269, Actual Budget Estimated Projected Projected 477, , ,835 1,771,000 1,773,750 1,806,000 1,851, ,835 1,771,000 1,773,750 1,806,000 1,851,000 56,440 2,000 95,000 23,000 40,000 56,440 2,000 95,000 23,000 40,000 50,000 50,000 50,000 50,000 50,000 50, ,992 1,600,000 1,600, , , ,992 1,600,000 1,600, , ,000 25,000,000 6,500, ,021 25,902,021 6,500,000 Total Stormwater Det. Proj. Fund 4,276,012 27,723,288 3,423,000 3,468,750 8,879,000 2,918,

33 City of Elmhurst, Illinois Proposed Annual Budget For The Fiscal Year Ending December 31, 2018 Stormwater Fund Actual Actual Budget Estimated Projected Projected Stormwtr Det. Proj Ca12ital Outla:t Property/Land Acquisition 911,026 1,600,000 1,600, , , Storm Sewers 173,948 6,926,289 17,500,000 15,624,000 2,066,000 4,600, Land Improvements 1,474,755 5,925,467 Sub-Total 1,648,703 13,762,782 19,100,000 17,224,000 2,566,000 5,100,000 Debt Service Bond Issue Expense 62, ,535 Sub-Total 62, ,535 lnterfund Transfers Trans. To Debt Service 178,996 1,203,750 1,203,700 1,377,000 1,945,250 Sub-Total 178,996 1,203,750 1,203,700 1,377,000 1,945,250 Total Stormwater Det. Projects 1,711,475 14,407,313 20,303,750 18,427,700 3,943,000 7,045,

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