Special Improvement District Assessment
This fund was established by Ordinance No. 4893 on September 16, 2019, to account for Property Assessed Clean Energy ("PACE") financing. PACE financing does not involve the use of city funds. The City's role in a PACE financing arrangement is limited to the levying of special assessments and transfer of the proceeds thereof to an outside lender.
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| Actual | Actual | Actual | Actual | Budget | |
|---|---|---|---|---|---|
| 2022 | 2023 | 2024 | 2025 | 2026 | |
| Revenue | ($) | ($) | ($) | ($) | ($) |
| Assessments | 117,306 | 117,306 | 112,279 | 112,279 | 117,306 |
| Other | - | - | - | - | - |
| Total Revenue | 117,306 | 117,306 | 112,279 | 112,279 | 117,306 |
| Expenditures | |||||
| Miscellaneous | |||||
| County Auditor Fees | 5,600 | 5,586 | 559 | 559 | 5,586 |
| Other | 106,120 | 117,306 | 111,720 | 111,720 | 111,720 |
| Total Miscellaneous | 111,720 | 122,892 | 112,279 | 112,279 | 117,306 |
| Total Expenditures | 111,720 | 122,892 | 112,279 | 112,279 | 117,306 |
|
Excess (Deficiency) of Revenues over Expenditures |
5,586 | (5,586) | - | - | - |
| Net Change in Fund Balance | 5,586 | (5,586) | - | - | - |
| Cash Balance, Jan. 1 | - | 5,586 | - | - | - |
| Add: Receipts | 117,306 | 117,306 | 112,279 | 112,279 | 117,306 |
| Less: Disbursements | (111,720) | (122,892) | (112,279) | (112,279) | (117,306) |
| Cash Balance, Dec. 31 | 5,586 | - | - | - | - |
| Less: Outstanding Encumbrances | - | - | - | - | - |
| Unencumbered Fund Balance, Dec. 31 | 5,586 | - | - | - | - |