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Bonners Ferry URA 2022-23 budget

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

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9B.News
Mike Weland, Publisher
mike@9b.news  

6931 Main St.
P.O. Box 1625
Bonners Ferry, ID 83805
(208) 295-1016

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