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Bonners Ferry Urban Renewal Association
2022-2023 Budget |
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L6- Original District |
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L8- South Hill West |
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ACTUAL |
ACTUAL |
BUDGET |
DRAFT L6 |
DRAFT L8 |
Total L6 & L8 |
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GENERAL FUND: |
FY 2019-20 |
FY 2020-21 |
FY 2021-22 |
FY2022-2023 |
FY2022-2023 |
FY2022-2023 |
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Revenues: |
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Beginning Balance |
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$
115,000 |
$
155,653.95 |
$ 161,035.00 |
$
- |
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Property Tax Increment |
62,787 |
68,744
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47,455
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48,390
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20,000
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Total Income |
$
62,787 |
$
183,744 |
$
203,109 |
$
209,425 |
$
20,000 |
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Expenditures: |
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Developer Reimbursement |
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$
20,000 |
$
18,000 |
$
20,135.00 |
5,800.00
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Capital Improvements/FLAP Reserve |
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126,644
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144,609
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$ 152,490.00 |
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Admin |
6,000 |
6,000
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6,000 |
$
5,000.00 |
1,000.00
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Accounting |
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3,000
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3,000 |
$
2,000.00 |
1,000.00
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Bank Charges |
39
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- |
$
- |
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Professional: Legal |
1,519 |
3,000
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3,000 |
$
2,000.00 |
1,000.00
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Rent/ Storage Expense |
500 |
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500 |
$
500.00 |
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City of Bonners Ferry Rebate |
20,000 |
20,000
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20,000
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$
20,000.00 |
10,000.00 |
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Audit |
5,150 |
4,500
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6,900 |
$
6,500.00 |
$
1,000.00 |
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Advertising Expense |
369 |
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200 |
$
200.00 |
$
200.00 |
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Office Expense |
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600
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600 |
$
600.00 |
- |
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Total Expenditures |
$
33,577 |
$
183,744 |
$
202,809 |
$
209,425 |
$
20,000 |
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Ending Balance |
$
29,210 |
$
- |
$
300 |
$
- |
$
- |
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BOND FUND: |
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Revenues: |
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Property Tax Increment |
$
56,401 |
$
56,401 |
$
56,401 |
$
56,579 |
$
- |
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Interest |
44
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150
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150 |
50 |
- |
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Total Income |
$
56,445 |
$
56,551 |
$
56,551 |
$
56,629 |
$
- |
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Expenditures: |
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Principal Payment on Bonds |
$
38,245 |
$
39,585 |
$
40,920 |
$
42,323 |
$
- |
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Interest Expense on Bonds |
18,092 |
16,966
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15,631
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14,306
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$
- |
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Total Expenditures |
$
56,337 |
$
56,551 |
$
56,551 |
$
56,629 |
$
- |
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Ending Balance |
$
108 |
$
- |
$
- |
$
0 |
$
- |
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Total Revenues |
$ 119,232 |
$
240,295 |
$
259,660 |
$
266,054 |
$
20,000 |
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Total Expenditures |
89,914 |
240,295
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259,360
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266,054
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20,000
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ENDING BALANCE |
$
29,318 |
$
- |
$
300 |
$
0 |
$
- |
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The adopted budget includes revenue and expenses for both
URA districts. |
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