HomeMy WebLinkAboutWilliams_Drive_TIRZ_Board_Agenda_9_17_2015_1278Notice of Meeting for the
Williams Drive TIRZ Board
of the City of Georgetown
September 17, 2015 at 4:00 PM
at City Hall 2nd Floor Conference Room, located at 113 East 8th Street, Georgetown,
TX
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If you require assistance in participating at a public meeting due to a disability, as defined under the
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contact the City at least four (4) days prior to the scheduled meeting date, at (512) 930-3652 or City
Hall at 113 East 8th Street for additional information; TTY users route through Relay Texas at 711.
Legislative Regular Agenda
A Overview of the 2015/16 Financial Report - Paul Diaz, Budget Manager
CERTIFICATE OF POSTING
I, Jessica Brettle, City Secretary for the City of Georgetown, Texas, do hereby certify that this Notice
of Meeting was posted at City Hall, 113 E. 8th Street, a place readily accessible to the general public
at all times, on the ______ day of __________________, 2015, at __________, and remained so
posted for at least 72 continuous hours preceding the scheduled time of said meeting.
____________________________________
Jessica Brettle, City Secretary
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City of Georgetown, Texas
Williams Drive TIRZ Board
September 17, 2015
SUBJECT:
Overview of the 2015/16 Financial Report - Paul Diaz, Budget Manager
ITEM SUMMARY:
This report satisfies state reporting requirements.
FINANCIAL IMPACT:
N/A
SUBMITTED BY:
Paul Diaz, Budget Manager
ATTACHMENTS:
Description Type
Williams Drive Financial Report Backup Material
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GATEWAY TAX INCREMENT REINVESTMENT ZONE 9/3/2015
2015/16 Financial Report
Base Value (Jan 1, 2007) 20,667,982$
Value (Jan 1, 2015) 28,235,513$
Tax Incremental Value 7,567,531$
2015 Tax Rate/per $100* 0.43400$
REVENUE TO TIRZ 32,843.08$
Tax Incremental
Historical Revenue/Reconcilement Rate Value
2008/09 1,829.00$ 0.35622 513,450
2009/10 -$ 0.35622 (951,179)
2010/11 6,590.21$ 0.35622 1,850,038
2011/12 11,860.30$ 0.38750 3,060,723
2012/13 17,736.55$ 0.41000 4,325,989
2013/14 29,154.88$ 0.43950 6,633,647
2014/15 27,098.41$ 0.43400 6,243,873
Interest Cummulative 454.29$
TIRZ Funds Earned 94,723.64$
Less: Reservations/Commitments
Williams Drive Rezoning (24,525.00)
70,198.64$
2015/16 Estimated Revenue 32,843.08$ 0.43400$ 7,567,531$
Projected TIRZ Fund Balance 09/30/16 103,041.72$
L:\Division\finance\budget\15_16\Tax Calc\TIRZ 2015 8.15.xlsx
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