NAMPA DEVELOPMENT CORPORATION the Urban Renewal Agency for the City of Nampa FISCAL YEAR 2018 PROPOSED BUDGET

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1 NAMPA DEVELOPMENT CORPORATION the Urban Renewal Agency for the City of Nampa FISCAL YEAR 2018 PROPOSED BUDGET AN ESTIMATE OF REVENUES AND EXPENSES OF THE NAMPA DEVELOPMENT CORPORATION FOR THE FISCAL PERIOD BEGINNING OCTOBER 1, 2017 TO AND INCLUSIVE OF SEPTEMBER 30, 2018, AND NOTICE OF PUBLIC HEARING ON THE PROPOSED BUDGET BY THE NAMPA DEVELOPMENT CORPORATION. WHEREAS Idaho Code requires the Board of Commissioners, prior to passing the annual budget, to estimate the probable amount of money necessary for all purposes during the fiscal year and; WHEREAS, a proposed budget has been prepared that includes an estimate of revenues and expenses for FY 2018 which fiscal year runs from October 1, 2017 through and including September 30, 2018; THEREFORE, this classification and estimate will be entered into the official proceedings of the Nampa Development Corporation and also filed with the City of Nampa and that the Secretary to the Board will cause the same to be published in the Idaho Press Tribune, a newspaper published in said City and having a general circulation therein. CITIZENS are invited to attend the budget hearing on August 16, 2017, at 3:00 P.M. in the Council Chamber at Nampa City Hall Building located at rd Street South in Nampa, and may submit written or oral comments concerning the proposed budget for the Nampa Development Corporation. A copy of the proposed budget and planned projects for fiscal year 2018 is available in the City of Nampa Economic Development Office, 9 12 th Ave South, during regular business hours, 8:00 a.m. to 5:00 p.m. and the City of Nampa City Clerk s Office, rd St. S., Nampa, ID, during regular business hours, 8:00 am to 5:00 pm. ESTIMATED REVENUES FY 2014 ACTUAL* FY2015 ACTUAL* FY2016 ACTUAL* FY2017 BUDGET FY2018 Proposed GENERAL Property Tax Increment Revenue $3,408,690 $3,503,429 $4,159,377 $4,663,111 $5,240,853 Fund Balance $20,064,274 $6,227,140 $5,040,380 $3,000,000 $3,300,000 Parking Garage $0 $9,022 $35,281 $31,000 $39,100 Other $84,220 $136,314 $102,116 $0 $0 GRAND TOTAL REVENUES $23,557,184 $9,875,906 $9,337,154 $7,694,111 $8,579,953 ESTIMATED EXPENDITURES GENERAL General $211,742 $142,571 $729,244 $621,783 $816,730 Capital Outlay - Projects $13,810,143 $1,001,815 $10,589 $630,000 $1,000,000 Debt Service $3,258,108 $3,285,375 $3,287,145 $3,200,873 $2,836,298 Parking Garage $0 $51,804 $135,605 $102,518 $128,408 Other- $425,325 $0 $0 $0 GRAND TOTAL EXPENDITURES $17,279,993 $4,906,891 $4,162,583 $4,555,174 $4,781,436 *per audited financials Page 25 of 31

2 Nampa Development Corporation FY2018 GENERAL BUDGET DETAILS Object Code Description FY2018 Proposed FUND BALANCE Proposed Fund Balance 3100 USE of Fund Balance $0 Total Proposed Use of Fund Balance $0 OPERATIONS 5330 Operations & Special Supplies $3, Repair & Maintenance Building $3, Advertising & Legal Publications $ Marketing/Public Relations $ Insurance - Auto & Liability $1, Membership Dues (RAI) $1, Utilities $3, Property Tax $18, Contractual Services $67, Tax Rebates $697, Legal Fees $20,000 Total Operations $816,730 CAPITAL 7780 Urban Renewal Projects $1,000,000 Total Capital $1,000,000 DEBT SERVICE 8810 Debt Service Principal $1,400, Debt Service Interest $1,436, Debt Service Other Charges Total Debt Service $2,836,298 TOTAL EXPENDITURES $4,653,028 REVENUE 4000 FY 2018 Tax Increment Revenue $5,240, Delinquent Property Tax Revenue $ Circuit Breaker Tax Revenue $ Rental Fees $ Refunds & Reimbursements 4700 Interest Income Page 17 of 31

3 4800 Sale of Bonds 4801 Bond Premium Total Revenue $5,240,853 TOTAL REVENUE (includes use of fund balance) $5,240,853 Total Revenues $5,240,853 Total Expenditures $4,653,028 Total Net Transfers Net Total $587,825 Page 18 of 31

4 Nampa Development Corporation FY2018 GENERAL BUDGET EXPENSES Object Code Description FY2018 Expense Budget OPERATING EXPENSES 5630 Contract for City Services $43, Office Supplies/Printing/Forms/Postage $ Advertising and Legal Pub $ Marketing & Public Relations $ Memberships/Dues $1, Financial Audit $10, Insurance - ICRMP $1, Legal Fees $20, Rental Utilities $3, Rental Repairs and Maintenance $3, Rental Property Taxes $18, Trustee Fees for 2010 & 2013 Bonds $3, Arbitrage Compliance Fees - Bonds $3, bank/wire/courier fees $ Appraisal/Re-use appraisal $ Other Purchased Services $10,000 Sub-Total Operation Expenses $119, Valivue School District Rebate $697,369 Sub-Total Rebate Expenses $697,369 CAPITAL PROJECTS Urban Renewal Projects $1,000,000 Sub-Total Capital Projects $1,000,000 TOTAL OPERATIONS $1,816,730 DEBT SERVICE PRINCIPAL Bonds - Sept 2018 $1,000, Bonds - March 2018 $400,000 DEBT SERVICE INTEREST Bonds - March 2018 $413, Bonds - September 2018 $404, Bonds - March 2018 $309, Bonds - September 2018 $309,145 Sub-Total Debt Service Payments $2,836,298 TOTAL EXPENDITURES $4,653,028 Page 19 of 31

5 Nampa Development Corporation FY2018 GENERAL & GARAGE Budget Details Object Code Description FY2018 Proposed FUND BALANCE Proposed Fund Balance 3100 USE of Fund Balance $0 Total Proposed Use of Fund Balance $0 OPERATIONS 5330 Operations & Special Supplies $3, Repair & Maintenance Building $3, Advertising & Legal Publications $ Marketing/Public Relations $ Insurance - Auto & Liability $1, Membership Dues (RAI) $1, Utilities $3, Property Tax $18, Contractual Services $67, Tax Rebates $697, Legal Fees $20, Parking Garage $128,408 Total Operations $945,138 CAPITAL 7780 Urban Renewal Projects $1,000,000 Total Capital $1,000,000 DEBT SERVICE 8810 Debt Service Principal $1,400, Debt Service Interest $1,436, Debt Service Other Charges Total Debt Service $2,836,298 TOTAL EXPENDITURES $4,781,436 REVENUE 4000 FY 2018 Tax Increment Revenue $5,240, Delinquent Property Tax Revenue $ Circuit Breaker Tax Revenue $ Rental Fees $ Refunds & Reimbursements 4700 Interest Income 4800 Sale of Bonds 4801 Bond Premium Page 20 of 31

6 Parking Garage Revenue $39,100 Total Revenue $5,279,953 TOTAL REVENUE (includes use of fund balance) $5,279,953 Total Revenues $5,279,953 Total Expenditures $4,781,436 Total Net Transfers Net Total $498,517 Page 21 of 31

7 Nampa Development Corporation FY2018 GARAGE BUDGET DETAIL SUMMARY Object Code Description FY2018 Proposed FUND BALANCE 3100 Use of 2017 Tax Increments $89,308 Total Use of Fund Balance OPERATIONS 5330 Operations and Special Supplies $44, Insurance- Auto & Liability $ Telephone- Local $ Utilities $16, Property Tax $ Maintenance Contracts $57, Other Purchased Services $5, Advertising & Legal Pub $ Legal $4,000 Total Operations $128,408 TOTAL EXPENDITURES $128,408 REVENUE 4231 Parking Garage Revenue $30, Shared Expenses $9,100 Total Revenue $39,100 TOTAL REVENUE (includes use of fund balance) $39,100 Total Revenues $128,408 Total Expenditures $128,408 Total Net Transfers Net Total $0 Page 22 of 31

8 Nampa Development Corporation FY2018 GARAGE EXPENSES Object Code Description FY 2018 Expense Budget OPERATING EXPENSES 5330 Monitoring Services Contract $6,000 Ticket Stock, receipt paper, general 5330 supplies $4, Shared Expenses $4, Crane Alarm $ Can-Ada Security $5, Merchant Fees $4, Phone Lines/Data $ Electric $14, Gas $1, Trash/Sewer/Water $1, Property Taxes $ Facilities Maintenance Contract $57, Other Purchased Services $5, Repair and Replacement $20, Advertising & Legal Pub $ Legal Fees $4,000 Sub-Total Operations $128,408 TOTAL EXPENDITURES $128,408 Page 23 of 31

9 Nampa Development Corporation FY2018 Budget - Staffing Costs Title % of NDC Cost % Amount Quarterly Billing Amount Assistant Director 0.14 $13, $3, Secretary 0.3 $17, $4, Sub-Total: $31, $7, Finance Cost Allocation (flat rate) $6, $1, Sub-Total: $6, $1, TOTAL: $43, $10, Page 24 of 31