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2003-155-RES ACCEPTING/APPROVING PEDC FISCAL YEAR 2003 BUDGET
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2003-155-RES ACCEPTING/APPROVING PEDC FISCAL YEAR 2003 BUDGET
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Last modified
8/18/2006 4:28:22 PM
Creation date
11/4/2003 9:58:27 PM
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CITY CLERK
Doc Name
2003
Doc Type
Resolution
CITY CLERK - Date
9/9/2003
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<br />PARIS ECONOMIC DEVELOPMENT CORPORATION <br />Revenue Statement <br />2003-2004 <br /> <br />Anticipated Cash Position 9/30/03 <br />(These funds will be carried over to 2003/04 budget) <br /> <br />$528,411 <br /> <br />Revenue 2003 - 2004: <br />Estimated Sales Tax <br />Estimated Interest <br />Paris Packaging Payments <br />Total Current Revenue <br /> <br />$930,000 <br />15,000 <br />384.000 <br /> <br />$1.329.000 <br /> <br />Total Resources <br /> <br />$1,857,411 <br /> <br />Committed Funds: <br />Bond Debt Payments 388,972 <br />Hearne Street Extension 247,787 <br />Bank Debt Service ($1,000,000 over 5years) 220,998 <br />TCIM ($500,000 over 5 years) 25,000 <br />Audit 3,550 <br />Chamber of Commerce 202.719 <br /> <br />Total Commitment of Existing Funds $1,089,026 <br /> <br />Available Funds For Projects 2003-2004 $768,385 <br /> <br />Long Term Obligations (as of9-30-03): <br /> <br />Bonds Payable (over 15 years) <br />Bank Debt Service (over 5 years) <br />TCIM (over 1 year) <br /> <br />$3,595,000 <br />$1,000,000 <br />25.000 <br /> <br />Total Long Term Obligations <br /> <br />$4,620,000 <br /> <br />EXHIBIT .A.. <br />
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