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TIRZ Number Three Fund
TIRZ NUMBER THREE
Fiscal Year 2021-2022 Budget
In October 2013, the Town Council of the Town of Little Elm approved Ordinance No. 1175 designating a contiguous geographic area within the Town of Little Elm, as a Tax Increment Reinvestment Zone to known as Reinvestment Zone Number Three.
TAX INCREMENT FINANCING NO. 3
Revenues, Expenditures and Change in Fund Balance
BEGINNING FUND BALANCE Actual Amended Budget Estimated Budget
Adopted Budget Planning Years 2019 - 2020 2020 - 2021 2020 - 2021 2021 - 2022 2022 - 2023 2023 - 2024 2024 - 2025 2025 - 2026
$ 600,581 $ 1,003,443 $ 1,003,443 $ 1,076,757 $ 920,508 $ 790,546 $ 1,056,298 $ 1,481,087
REVENUES
Ad Valorem Taxes Sales Taxes Interest Earnings Other Agencies & Sources Transfers In
TOTAL REVENUES
$416,475 $409,415 $422,670 $433,061 $450,266 $855,318 $1,030,533 $1,063,219 111,186 95,958 115,000 119,600 123,188 126,884 130,056 132,657 11,210 10,000 7,556 8,500 8,500 8,500 10,000 15,000 - - 2,243 - - - - -
- - - -
- -
$538,872 $515,373 $547,469 $561,161 $581,954 $990,702 $1,170,589 $1,210,876
TOTAL FUNDS AVAILABLE $ 1,139,452 $ 1,518,816 $ 1,550,912 $ 1,637,918 $ 1,502,463 $ 1,781,247 $ 2,226,887 $ 2,691,963
EXPENDITURES
Economic Development Debt Service
TOTAL EXPENDITURES
Transfers Out
TOTAL TRANSFERS TOTAL EXPENDITURES INCLUDING TRANSFERS
$ 56,009 $ 294,940 $ 127,268 260,710 $ $ 255,967 $ 274,899 $ 291,650 $ 294,650
$ - $ 213,075 $ 216,887 326,700 $ $ 325,950 $ 320,050 $ 324,150 $
322,975
$ 56,009 $ 508,015 $ 344,155 587,410 $ $ 581,917 $ 594,949 $ 615,800 $ 617,625
$ $ 8,000 $ $ 13,000 $ $ 13,000 $ $ 13,000 $ $ 13,000 $ $ 13,000 $ $ 13,000 $ $ 13,000
