Agenda - City of Dallas

Exhibit A
Maple/Mockingbird TIF District
FY 2011 Annual Report
City of Dallas, Texas
Maple/Mockingbird Tax Increment Financing District Fund
Reinvestment Zone Number Fourteen
As of September 30, 2011
Chapter 311.016 of V.C.T.A. requires the following information
as part of the annual report on the status of the TIF District.
Information is contained in detail on the attached
financial statements.
1. Amount and source of revenue in the tax increment fund established for the zone:
$25 Interest Income
$0 Ad Valorem Taxes (Collected in FY'2010-11 based on 2010 Certified Tax Roll)
$25 Total Revenue
2. Amount and purpose of expenditures from the fund:
$3,505 Administrative Expense
$0 Interest and fiscal charges
$3,505 Total Expenditures
3. TIF administrative costs associated with staff time spent are being accumulated for fiscal years 2009 thru 2011
and General Fund will be reimbursed for these costs starting in fiscal year 20011-12 upon collection of tax
increment by June of 2012.
4. a. Amount of Principal and Interest due-on outstanding indebtedness:
None.
5. Tax increment base and current captured appraised value retained by the zone:
Taxable Base Year Est. Captured
Taxing Jurisdiction Value 2011* 2008 Value Value 2011**
City of Dallas $170,250,969 $183,140,018 ($12,889,049)
Dallas County $170,250,969 $183,140,018 ($12,889,049)
Dallas Independent School District $0 $0 $0
Dallas County Hospital District $0 $0 $0
Dallas County Community College Dist. $0 $0 $0
*Taxable value shown for participating taxing jurisdictions. County values are approximate and will vary slightly
from the City value due to different exemption levels.
**Based on preliminary Taxable Value. The final values will be determined on February 01, 2012.
6. Captured appraised value by the municipality and other taxing units, the total amount of the tax
increment received, and any additional information necessary to demonstrate compliance with the
tax increment financing plan adopted by the governing body of the municipality:
A. Estimated tax increment shared by the municipality and other participating taxing jurisdictions:
Amount of
Assessment Estimated 2011
Taxing Jurisdiction Per $100*** Increment****
City of Dallas 0.55790 $0
Dallas County 0.13371 $0
Dallas Independent School District 0.00000 $0
Dallas County Hospital District 0.00000 $0
Dallas County Community College District 0.00000 $0
Total for all Jurisdictions $0.69161 $0
***Participation rates for City of Dallas are 70% for tax years 2009-2011, 85% for tax years 2012-2026 and 70%
for tax years 2027-2031.
***Participation rate for Dallas County is 55% for tax years 2009-2030.
****The Districtl began collecting increment in fiscal year 2009-10 for tax tax year 2009.
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B. The total estimated amount of tax increment to be billed for the 2011 tax year is $0.00. For the 2010 tax year,
the Zone collected $0.00 in increment.