Title
Consider/Discuss/Act on the Fiscal Year 2015-2016 Annual Budget for Tax Increment Reinvestment Zone One (TIRZ No. 1 / Town Center)
Summary
MEETING DATE: August 31, 2015
DEPARTMENT: Financial Services
CONTACT: Rodney Rhoades
RECOMMENDED CITY COUNCIL ACTION:
• Approval of the FY16 Budget
ITEM SUMMARY:
• Expenditures are budgeted at $110,500.
• Planned revenues are $1,029,290 which will be added to fund balance.
BACKGROUND INFORMATION:
• TIRZ No. 1’s reporting period was adjusted to match the city’s fiscal year during the 2013 reporting period.
FINANCIAL SUMMARY:
• N/A
BOARD OR COMMISSION RECOMMENDATION:
• N/A