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Council Provided Information - 6/11/2024 FY2024 Adopted Budget Full Time Equivalent Changes from FY2024 Budget FY2025 Recommended Budget 9233 Central Business District      Revenue and Other Sources Tax Increment 24,644,694 2,621,013 27,265,707 Interest from Investments - 1,841,006 1,841,006 Transition Holding Account - 786,303 786,303 Total Revenues and Other Sources Budget 24,644,694 5,248,322 29,893,016 Expenses and Other Uses Operations Programs Taxing Entity Payments 9,621,707 1,572,608 11,194,315 TI Reimbursements 1,300,000 - 1,300,000 Internal Transfers - Debt Service 8,477,030 - 8,477,030 Property Management and Maintenance 1,075,000 52,250 1,127,250 Gallivan - Administration Assessment 372,775 12,672 385,447 Gallivan - Management & Maintenance Assessment 573,975 17,832 591,807 Gallivan - Programming 250,000 - 250,000 Internal Transfers - Administration Fund 2,464,469 262,101 2,726,570 Capital Reserves Programs & Projects Captial Reserves Project - Gallivan - Maintenance & Repairs Program - {PRJ-000057 Gallivan Repairs} - - 250,000 250,000 Captial Reserves Project - Gallivan - Planning Program - {PRJ- 000061 RDA - Gallivan Plaza Planning} -509,738 (509,738) - Captial Reserves Project - Infrastructure Improvements Program - {New Project: Japantown Construction Documents} - - 100,000 100,000 Captial Reserves Project - Infrastructure Improvements Program - {New Project: Gallivan Playground} - - 500,000 500,000 Captial Reserves Project - RDA Arts & Culture Program Program - {New Project: Japantown Art} - - 300,000 300,000 Captial Reserves Project - RDA Arts & Culture Program Program - {New Project: CBD Public Art Project} - - 150,000 150,000 Captial Reserves Project - Strategic Intervention Program - {New Project: Downtown for All} - -{Holding Account}- - 2,540,597 2,540,597 Total Expenditures and Other Uses Budget 24,644,694 5,248,322 29,893,016 Budgeted revenues and other sources over (under) expenditures and other uses - - 9243 West Capitol Hill      Revenue and Other Sources Interest from Investments - 384,332 384,332 Total Revenues and Other Sources Budget - 384,332 384,332 Expenses and Other Uses Capital Reserves Programs & Projects Captial Reserves Project - Housing Construction & Rehabilitation Program - {PRJ-000015 RDA - Arctic Court Infill Home Construction} - - 384,332 384,332 Total Expenditures and Other Uses Budget - 384,332 384,332 Budgeted revenues and other sources over (under) expenditures and other uses - - REDEVELOPMENT AGENCY KEY CHANGES FUND Page 1 FY2024 Adopted Budget Full Time Equivalent Changes from FY2024 Budget FY2025 Recommended Budget FUND 9234 Depot District      Revenue and Other Sources Tax Increment 5,422,435 770,663 6,193,098 Interest from Investments - 480,304 480,304 Transition Holding Account 1,805,473 (1,383,474)421,999 Total Revenues and Other Sources Budget 7,227,908 (132,507)7,095,401 Expenses and Other Uses Operations Programs Property Management and Maintenance 150,000 22,500 172,500 Internal Transfers - Administration Fund 813,365 115,600 928,965 Internal Transfers - Primary Housing Fund 1,084,487 154,133 1,238,620 Capital Reserves Programs & Projects Captial Reserves Project - Property Management and Maintenance Program - {PRJ-000064 RDA - Home Inn Rio Grande Maintenance} - - 500,000 500,000 Capital Reserves Program: Commercial Assistance Reserves - {Holding Account}-500,000 - 500,000 Capital Reserves Program: Infrastructure Improvements - {Holding Account}-3,680,056 25,260 3,705,316 Charges & Services - 50,000 50,000 Internal Transfers - Secondary Housing Fund 1,000,000 (1,000,000) - Total Expenditures and Other Uses Budget 7,227,908 (132,507)7,095,401 Budgeted revenues and other sources over (under) expenditures and other uses - - 9235 Granary District      Revenue and Other Sources Tax Increment 1,103,309 281,124 1,384,433 Interest from Investments - 198,730 198,730 Transition Holding Account 291,284 (126,198)165,086 Total Revenues and Other Sources Budget 1,394,593 353,656 1,748,249 Expenses and Other Uses Operations Programs Property Management and Maintenance 5,000 (5,000) - Internal Transfers - Administration Fund 165,496 42,170 207,666 Internal Transfers - Primary Housing Fund 220,662 56,224 276,886 Capital Reserves Programs & Projects Capital Reserves Program: Commercial Assistance Reserves - {Holding Account}-1,003,435 260,262 1,263,697 Total Expenditures and Other Uses Budget 1,394,593 353,656 1,748,249 Budgeted revenues and other sources over (under) expenditures and other uses - - Page 2 FY2024 Adopted Budget Full Time Equivalent Changes from FY2024 Budget FY2025 Recommended Budget FUND 9237 North Temple      Revenue and Other Sources Tax Increment 1,008,715 535,030 1,543,745 Interest from Investments - 158,829 158,829 Transition Holding Account 343,277 (93,385)249,892 Total Revenues and Other Sources Budget 1,351,992 600,474 1,952,466 Expenses and Other Uses Operations Programs Charges & Services - 50,000 50,000 Property Management and Maintenance - 50,000 50,000 Internal Transfers - Administration Fund 100,872 130,689 231,561 Internal Transfers - Primary Housing Fund 201,743 107,006 308,749 Capital Reserves Programs & Projects Capital Reserves Program: Commercial Assistance Reserves - {Holding Account}-543,277 (543,277) - Capital Reserves Program: Infrastructure Improvements - {Holding Account}-100,000 (100,000) - Capital Reserves Program: Strategic Intervention - {Holding Account}-285,490 576,322 861,812 Captial Reserves Project - Commercial Studies and Planning Program - {New Project: North Temple Property Reuse Planning} - - 300,000 300,000 Captial Reserves Project - Infrastructure Improvements Program - {PRJ-000086 North Temple School Construction Reserves} - {Holding Account}- 70,610 29,734 100,344 Captial Reserves Project - Infrastructure Improvements Program - {PRJ-000022 RDA - City Creek Daylighting Design Plan Budget} -50,000 - 50,000 Total Expenditures and Other Uses Budget 1,351,992 600,474 1,952,466 Budgeted revenues and other sources over (under) expenditures and other uses - - Page 3 FY2024 Adopted Budget Full Time Equivalent Changes from FY2024 Budget FY2025 Recommended Budget FUND 9232 Block 70 Community Reinvestment Area      Revenue and Other Sources Tax Increment 1,829,228 304,764 2,133,992 Transfer From CBD Eccles Debt Service RDA match 3,311,921 - 3,311,921 Transfer from CBD Eccles Debt Service Reserve Account 747,501 (293,359)454,142 Transfer From CBD Taxing Entity Payments 5,165,109 - 5,165,109 Total Revenues and Other Sources Budget 11,053,759 11,405 11,065,164 Expenses and Other Uses Operations Programs Eccles Debt Service 8,477,030 44,677 9,644,668 Taxing Entity Payments 548,768 11,405 560,173 Capital Reserves Programs & Projects Captial Reserves Project - Commercial Relocation Program - {PRJ- 000080 Bennion Jewelers Relocation} -100,000 (100,000) - Captial Reserves Project - Eccles - Maintenance & Repairs Program - {PRJ-000084 Regent Street Parking Structure Reserves} -{Holding Account}- 100,000 - 100,000 Captial Reserves Project - Eccles - Maintenance & Repairs Program - {PRJ-000085 Regent Street Maintenance} -80,000 - 80,000 Captial Reserves Project - RDA Arts & Culture Program Program - {PRJ-000082 Eccles Fundraising Fulfillment} -125,000 - 125,000 Captial Reserves Project - RDA Arts & Culture Program Program - {PRJ-000083 Eccles Theater- Operating Reserve for Ancillary Spaces} - 475,000 - 475,000 Captial Reserves Project - RDA Arts & Culture Program Program - {PRJ-000081 Regent Street Event Programming} -25,000 - 25,000 Captial Reserves Project - RDA Arts & Culture Program Program - {New Project: Reinstallation of "The Gulls"} - - 55,323 55,323 Total Expenditures and Other Uses Budget 11,053,759 11,405 11,065,164 Budgeted revenues and other sources over (under) expenditures and other uses - - 9238 North Temple Viaduct      Revenue and Other Sources Tax Increment 2,774,419 345,371 3,119,790 Interest from Investments - 35,975 35,975 Total Revenues and Other Sources Budget 2,774,419 381,346 3,155,765 Expenses and Other Uses Operations Programs Internal Transfers - Administration Fund 41,616 5,180 46,796 Salt Lake City Debt Service 2,732,803 376,166 3,108,969 Total Expenditures and Other Uses Budget 2,774,419 381,346 3,155,765 Budgeted revenues and other sources over (under) expenditures and other uses - - - Page 4 FY2024 Adopted Budget Full Time Equivalent Changes from FY2024 Budget FY2025 Recommended Budget FUND 9239 Northwest Quadrant      Revenue and Other Sources Tax Increment 1,398,548 1,101,561 2,500,109 Interest from Investments - 103,889 103,889 Total Revenues and Other Sources Budget 1,398,548 1,205,450 2,603,998 Expenses and Other Uses Operations Programs TI Reimbursements 978,984 771,092 1,750,076 Internal Transfers - Administration Fund 139,855 110,156 250,011 Internal Transfers - Primary Housing Fund 139,855 110,156 250,011 Capital Reserves Programs & Projects Captial Reserves Project - Infrastructure Improvements Program - {PRJ-000087 NWQ Shared Costs Reserve} -{Holding Account}-139,854 214,046 353,900 Total Expenditures and Other Uses Budget 1,398,548 1,205,450 2,603,998 Budgeted revenues and other sources over (under) expenditures and other uses - - 9240 Stadler Rail      Revenue and Other Sources Tax Increment 141,297 19,854 161,151 Interest from Investments - 7,593 7,593 Total Revenues and Other Sources Budget 141,297 27,447 168,744 Expenses and Other Uses Operations Programs TI Reimbursements 120,102 24,469 144,571 Internal Transfers - Administration Fund 7,065 993 8,058 Internal Transfers - Primary Housing Fund 14,130 1,985 16,115 Total Expenditures and Other Uses Budget 141,297 27,447 168,744 Budgeted revenues and other sources over (under) expenditures and other uses - - Page 5 FY2024 Adopted Budget Full Time Equivalent Changes from FY2024 Budget FY2025 Recommended Budget FUND 9241 State Street      Revenue and Other Sources Tax Increment 4,423,811 1,445,048 5,868,859 Interest from Investments - - - Transition Holding Account 1,364,709 (715,732)648,977 Total Revenues and Other Sources Budget 5,788,520 729,316 6,517,836 Expenses and Other Uses Operations Programs Charges & Services - 50,000 50,000 Taxing Entity Payments - 341,296 341,296 Property Management and Maintenance - 50,000 50,000 Internal Transfers - Administration Fund 442,381 43,379 485,760 Internal Transfers - Primary Housing Fund 182,405 129,237 311,642 Internal Transfers - School District Required Family & Workforce Housing 259,976 15,268 275,244 Internal Transfers - Secondary Housing Fund - 1,000,000 1,000,000 Capital Reserves Programs & Projects Capital Reserves Program: Commercial Assistance Reserves - {Holding Account}-1,239,049 (1,239,049) - Capital Reserves Program: Strategic Intervention - {Holding Account}-3,364,709 639,185 4,003,894 Captial Reserves Project - Infrastructure Studies and Planning Program - {PRJ-000051 RDA - Ballpark Next Redevelopment Strategy} - 300,000 (300,000) - Total Expenditures and Other Uses Budget 5,788,520 729,316 6,517,836 Budgeted revenues and other sources over (under) expenditures and other uses - - Revenue and Other Sources Tax Increment 2,653,781 376,934 3,030,715 Interest from Investments - - - Transition Holding Account 802,208 (525,705)276,503 Total Revenues and Other Sources Budget 3,455,989 (148,771)3,307,218 Expenses and Other Uses Operations Programs Charges & Services - 50,000 50,000 Taxing Entity Payments 331,388 14,580 345,968 Property Management and Maintenance - 50,000 50,000 Internal Transfers - Administration Fund 253,543 10,363 263,906 Internal Transfers - Primary Housing Fund 144,592 16,342 160,934 Internal Transfers - School District Required Family & Workforce Housing 120,786 21,352 142,138 Capital Reserves Programs & Projects Capital Reserves Program: Accessory Dwelling Unit Program - {Holding Account}-1,455,680 (1,455,680) - Capital Reserves Program: Commercial Assistance Reserves - {Holding Account}-500,000 (500,000) - Capital Reserves Program: Strategic Intervention - {Holding Account}-500,000 1,494,272 1,994,272 Captial Reserves Project - RDA Arts & Culture Program Program - {New Project: 9-Line Public Art Project} -150,000 150,000 300,000 Total Expenditures and Other Uses Budget 3,455,989 (148,771)3,307,218 Budgeted revenues and other sources over (under) expenditures and other uses - - 9231 9-Line Ccommunity Reinvestment Area Page 6 FY2024 Adopted Budget Full Time Equivalent Changes from FY2024 Budget FY2025 Recommended Budget FUND 9229 Block 67 CRA      Revenue and Other Sources Tax Increment - 365,771 365,771 Total Revenues and Other Sources Budget - 365,771 365,771 Expenses and Other Uses Operations Programs TI Reimbursements - 274,329 274,329 Internal Transfers - Administration Fund - 18,288 18,288 Internal Transfers - Primary Housing Fund - 36,577 36,577 Capital Reserves Programs & Projects Captial Reserves Project - RDA Arts & Culture Program Program - {New Project: Japantown Art} - - 36,577 36,577 Total Expenditures and Other Uses Budget - 365,771 365,771 Budgeted revenues and other sources over (under) expenditures and other uses - - 9246 Revolving Loan Fund      Revenue and Other Sources Loan Payments - Interest 30,000 50,400 80,400 Loan Payments - Principal 196,750 55,250 252,000 Total Revenues and Other Sources Budget 226,750 105,650 332,400 Expenses and Other Uses Capital Reserves Programs & Projects Capital Reserves Program: Commercial Revolving Loans - {Holding Account}-226,750 105,650 332,400 Total Expenditures and Other Uses Budget 226,750 105,650 332,400 Budgeted revenues and other sources over (under) expenditures and other uses - - 9230 Program Income Fund      Revenue and Other Sources Loan Payments - Interest 7,452 (1,452)6,000 Loan Payments - Principal 38,640 (5,040)33,600 Parking Structure Income 1,242,336 47,848 1,290,184 Rents 161,264 68,185 229,449 Total Revenues and Other Sources Budget 1,449,692 109,541 1,559,233 Expenses and Other Uses Operations Programs Charges & Services 355,000 102,500 457,500 Operating & Maintenance 330,000 33,000 363,000 Capital Reserves Programs & Projects Captial Reserves Project - Gallivan - Maintenance & Repairs Program - {PRJ-000057 Gallivan Repairs} -214,692 24,041 238,733 Captial Reserves Project - Infrastructure Improvements Program - {PRJ-000078 Sugar House DI Demolition} -550,000 (50,000)500,000 Total Expenditures and Other Uses Budget 1,449,692 109,541 1,559,233 Budgeted revenues and other sources over (under) expenditures and other uses - - Page 7 FY2024 Adopted Budget Full Time Equivalent Changes from FY2024 Budget FY2025 Recommended Budget FUND 9247 Secondary Housing Dev/Loan Fund    Revenue and Other Sources Transfer In from Depot District 1,000,000 (1,000,000) - Transfer In from State Street - 1,000,000 1,000,000 Total Revenues and Other Sources Budget 1,000,000 - 1,000,000 Expenses and Other Uses Capital Reserves Programs & Projects Capital Reserves Program: HDLP - Competitive - {Holding Account}- - 1,000,000 1,000,000 Captial Reserves Project - Other Housing Program - {PRJ-000088 Sunday-Anderson Senior Center - SLCO Partnership} -1,000,000 (1,000,000) - Total Expenditures and Other Uses Budget 1,000,000 - 1,000,000 Budgeted revenues and other sources over (under) expenditures and other uses - - 9245 Primary Housing Dev/Loan Fund     Revenue and Other Sources Loan Payments - Interest 2,379 3,441 5,820 Loan Payments - Principal 23,567 48,433 72,000 Transfer In from 9-Line 265,378 37,694 303,072 Transfer In from Block 67 North - 36,577 36,577 Transfer In from Block 70 - - - Transfer In from Central Business District - - - Transfer In from Depot District 1,084,487 154,133 1,238,620 Transfer In from Granary District 220,662 56,224 276,886 Transfer In from North Temple 201,743 107,006 308,749 Transfer In from Northwest Quadrant 139,855 110,156 250,011 Transfer In from Stadler Rail 14,130 1,985 16,115 Transfer In from State Street 442,381 144,505 586,886 Transition Holding Account - 507,505 507,505 Total Revenues and Other Sources Budget 2,394,582 1,207,659 3,602,241 Expenses and Other Uses Capital Reserves Programs & Projects Capital Reserves Program: HDLP - Competitive - {Holding Account}-1,000,000 1,684,859 2,684,859 Capital Reserves Program: School District Required Family & Workforce Housing - {Holding Account}-380,762 36,620 417,382 Captial Reserves Project - Housing Construction & Rehabilitation Program - {PRJ-000015 RDA - Arctic Court Infill Home Construction} - - 500,000 500,000 Captial Reserves Project - Other Housing Program - {PRJ-000088 Sunday-Anderson Senior Center - SLCO Partnership} -1,013,820 (1,013,820) - Total Expenditures and Other Uses Budget 2,394,582 1,207,659 3,602,241 Budgeted revenues and other sources over (under) expenditures and other uses - - Page 8 FY2024 Adopted Budget Full Time Equivalent Changes from FY2024 Budget FY2025 Recommended Budget FUND 9248 Westside Community Initative      Revenue and Other Sources Inland Port Housing 1,401,589 433,880 1,835,469 Transition Holding Account 433,880 (433,880) - Total Revenues and Other Sources Budget 1,835,469 - 1,835,469 Expenses and Other Uses Capital Reserves Programs & Projects Capital Reserves Program: Strategic Intervention - {Holding Account}- - 1,000,000 1,000,000 Capital Reserves Program: Wealth Building Housing Opportunities - {Holding Account}-1,135,469 (300,000)835,469 Captial Reserves Project - Wealth Building Housing Opportunities Program - {PRJ-000089 Neighborworks for Shared Equity Workforce} - 700,000 (700,000) - Total Expenditures and Other Uses Budget 1,835,469 - 1,835,469 Budgeted revenues and other sources over (under) expenditures and other uses - - 9236 Housing Development Fund      Revenue and Other Sources - - - Funding Our Future 1,840,000 750,000 2,590,000 Interest from Investments - - - Loan Payments - Interest 76,563 31,437 108,000 Loan Payments - Principal 144,390 59,610 204,000 Transfer In from North Temple Viaduct 1,700,000 (1,700,000) - Transfer In HOME Dormant Program Income Funds 6,476,014 (6,476,014) - Total Revenues and Other Sources Budget 10,236,967 (7,334,967)2,902,000 Expenses and Other Uses Capital Reserves Programs & Projects Capital Reserves Program: Accessory Dwelling Unit Program - {Holding Account}-1,000,000 (1,000,000) - Capital Reserves Program: HDLP - Competitive - {Holding Account}-7,836,967 (6,934,967)902,000 Capital Reserves Program: Wealth Building Housing Opportunities - {Holding Account}- - 2,000,000 2,000,000 Captial Reserves Project - Wealth Building Housing Opportunities Program - {PRJ-000089 Neighborworks for Shared Equity Workforce} - 1,400,000 (1,400,000) - Total Expenditures and Other Uses Budget 10,236,967 (7,334,967)2,902,000 Budgeted revenues and other sources over (under) expenditures and other uses - - Page 9 FY2024 Adopted Budget Full Time Equivalent Changes from FY2024 Budget FY2025 Recommended Budget FUND 9201 Redevelopment Agency Operations      Revenue and Other Sources Transfer In from 9-Line 253,543 10,363 263,906 Transfer In from Block 67 North - 18,288 18,288 Transfer In from Block 70 - - - Transfer In from Central Business District 2,464,469 262,101 2,726,570 Transfer In from Depot District 813,365 115,600 928,965 Transfer In from Granary District 165,496 42,170 207,666 Transfer In from North Temple 100,872 130,689 231,561 Transfer In from North Temple Viaduct 41,616 5,180 46,796 Transfer In from Northwest Quadrant 139,855 110,156 250,011 Transfer In from Stadler Rail 7,065 993 8,058 Transfer In from State Street 442,381 43,379 485,760 Total Revenues and Other Sources Budget 4,428,662 738,919 5,167,581 Expenses and Other Uses Operations Programs 35 RDA Personnel 2,756,779 413,517 3,170,296 Administrative Fees 1,000,000 - 1,000,000 Charges & Services 296,883 153,117 450,000 Operating & Maintenance 375,000 75,000 450,000 Allocation to Fund Balance - 97,285 97,285 Total Expenditures and Other Uses Budget 4,428,662 35 641,634 5,167,581 Budgeted revenues and other sources over (under) expenditures and other uses - - GRAND TOTALS      TOTAL Revenue 80,803,841 84,656,884 TOTAL Expense 80,803,841 84,656,884 Page 10