Delaware County, Indiana
Actual and Estimated Fund Balances 2023-2030
Cedit County Share - 1112
| Index | ACTUAL | ESTIMATED | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | ||
| 1 | Operating Receipts: | ||||||||
| 2 | LIT Economic Development | $5,204,441 |
$5,561,027 |
$5,779,560 |
$6,487,473 |
$6,274,438 |
$6,648,228 |
$7,044,287 |
$- |
| 3 | LIT Supplemental | 321,808 | 554,961 | 1,103,420 | 439,740 | - | - | - | - |
| 4 | Earnings on Investments and Deposits | 2,542 | - | - | - | - | - | - | - |
| 5 | |||||||||
| 6 | Total Operating Receipts | 5,528,791 | 6,115,988 | 6,882,980 | 6,927,213 | 6,274,438 | 6,648,228 | 7,044,287 | - |
| 7 | |||||||||
| 8 | Operating Disbursements: | ||||||||
| 9 | Services and Charges | 5,579,822 | 5,005,530 | 5,713,727 | 5,000,000 | 5,150,000 | 5,304,500 | 5,463,635 | 5,627,544 |
| 10 | CEDIT Expenses Moved to General | - | - | - | - | - | - | - | (5,627,544) |
| 11 | Encumbrances | - | - | - | 142,211 | - | - | - | - |
| 12 | |||||||||
| 13 | Total Operating Disbursements | 5,579,822 | 5,005,530 | 5,713,727 | 5,142,211 | 5,150,000 | 5,304,500 | 5,463,635 | - |
| 14 | |||||||||
| 15 | Net Operating Receipts | (51,031) | 1,110,458 | 1,169,253 | 1,785,002 | 1,124,438 | 1,343,728 | 1,580,652 | - |
| 16 | |||||||||
| 17 | Other Receipts: | ||||||||
| 18 | Other Receipts | - | - | 427 | - | - | - | - | - |
| 19 | |||||||||
| 20 | Change In Fund Balance | (51,031) | 1,110,458 | 1,169,680 | 1,785,002 | 1,124,438 | 1,343,728 | 1,580,652 | - |
| 21 | Beginning Fund Balance | 1,220,406 | 1,169,375 | 2,279,832 | 3,449,512 | 5,234,514 | 6,358,952 | 7,702,680 | 9,283,332 |
| 22 | |||||||||
| 23 | Ending Fund Balance | $1,169,375 |
$2,279,833 |
$3,449,512 |
$5,234,514 |
$6,358,952 |
$7,702,680 |
$9,283,332 |
$9,283,332 |
| 24 | |||||||||
| 25 | |||||||||
| 26 | Operating Balance Percentage | 20.96% | 45.55% | 60.37% | 101.80% | 123.47% | 145.21% | 169.91% | |
| 27 | |||||||||
28
Notes:
29
Line 2 - Pursuant to HEA 1210 2026, CEDIT will expire at the end of 2028. Per the DLGF memo dated 7/17/26, the current distribution method based on levy will continue through 2029.
30
Line 2 & 3 - 2023 - 2025, the County received 100% of the CEDIT and Supplemental distributions from the cities of Albany, Eaton, Gaston, Selma, Yorktown, Chesterfield, and Daleville. 2026 through 2028, projections assume the County will continue to receive 100% of the CEDIT distributions.
31
Line 10 - Pursuant to HEA 1210 2026, expenses will be transferred to the General Fund beginning in 2030. The County may continue to expend funds from this fund until the balance is depleted.