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0 <br />0 <br />• <br />TIF No. 1 and No. 3 Estimated Ending Cash Balance <br />Cash Balance 5/31/95 <br />Debt Outstanding - Ref. Bonds <br />Transfers to Debt Service 2/1/95 <br />Library Bond Obligation <br />1995 Increment <br />Balance Available <br />$809,459.00 <br />- 371,020.00 <br />102,897.50 <br />- 51,000.00* <br />210,900.02 <br />$495,441.52 (excludes interest income) <br />NOTE: TIF District No. 1 was decertified on 12/31/94; TIF <br />District No. 3 will be decertified on 12/31/95. <br />* Represents 20 percent debt service coverage on the $255,000 library bond. <br />This bond is retired in 2007, at which time the $51,000 may be used for <br />another purpose. <br />SOURCE:EDA JUNE 1995 WORKSHOP <br />FINANCE DEPT <br />