I-1 - Preliminary Official Statement - UR Loan Agreement

Budget Summary 2022/23 2021/22 2020/21 Adopted Budget Re-Estimated Actual Revenues Net Property Taxes $2,951,446 $2,587,705 $2,255,773 TIF 1,658,308 1,610,206 1,500,572 Other City Taxes 78,719 3,600 2,067 License/Permits 412,212 403,730 583,919 Use of Money & Property 45,625 64,800 73,401 Intergovernmental 569,527 296,481 490,541 Charges for Fees & Services 2,839,950 2,470,525 2,504,486 Miscellaneous 81,200 82,100 122,858 Other Financing Sources 100,000 250,000 6,173,483 Transfers In 2,361,150 2,609,121 1,898,939 Total Revenues $11,098,137 $10,378,268 $15,606,039 Expenditures: Public Safety $852,384 $896,943 $585,265 Public Works 508,021 614,044 483,604 Culture & Recreation 440,653 428,862 388,317 Community & Economic Development 132,916 109,345 125,258 General Government 544,689 530,575 470,483 Debt Service 2,170,209 1,991,145 1,917,614 Capital Projects 1,933,000 1,850,000 2,075,673 Enterprise 2,981,572 3,656,340 2,384,134 Transfers Out 2,361,150 2,609,121 1,898,939 Total Expenditures & Transfers Out $11,924,594 $12,686,375 $10,329,287 Revenue & Other Sources Over (826,457) (2,308,107) 5,276,752 (Under) Expenditures/Transfers Out Beginning Fund Balance July 1 $7,409,364 $9,717,471 $4,440,719 Ending Fund Balance June 30 $6,582,907 $7,409,364 $9,717,471 Residential Development There were 73 single-family dwellings and 175 multi-family dwellings constructed in 2021. The status of residential subdivisions under construction, constructed or planned within the past three years is as follows: Total Number of Remaining Subdivision Number of Lots/Units Lots/Units Name Lots/Units Sold/Completed Available Hunt Club 240 60 180 Woodfield Ridge 5,6,7 71 66 5 Tiffin Heights 168 156 12 Pinnacle Lane 29 9 20 Ridge Way Heights 53 16 37 Prairie Village 58 31 27 Park Place 1,2,3 85 60 25 Tiffin Heights East 118 95 23 Madden Addition 76 14 52 Andersen Addition 26 0 26 – 16 –