Title
Consider/Discuss/Act on the Fiscal Year 2013-2014 Annual Budget for Tax Increment Reinvestment Zone Number Two (TIRZ No. 2 / Airport TIRZ)
Summary
MEETING DATE: August 20, 2013
DEPARTMENT: Financial Services
CONTACT: Rodney Rhoades, Chief Financial Officer
RECOMMENDED ACTION:
· Approval of the proposed FY14 Budget
ITEM SUMMARY:
· Expenditures are budgeted at $10,000.
· Planned revenues are $322,226 which will add to fund balance.
BACKGROUND INFORMATION:
· Fund balance is critical for the issuance of future debt for larger scale projects within the zone.
- An allocation for relatively smaller economic development projects has also been made to provide for revitalization and development of underutilized properties.
FINANCIAL SUMMARY: N/A
BOARD OR COMMISSION RECOMMENDATION: N/A