HomeMy WebLinkAboutFY 2020 Glade Parks Annual ReportCITY OF EULESS
TIRZ #3 - GLADE PARKS DEVELOPMENT
ANNUAL REPORT FOR FISCAL YEAR ENDING 9/30/20
FY2020
Amount and Source of Revenue in the Tax Increment Fund:
Property tax collections
Tarrant County 446,040$
Tarrant County College District 165,420$
City of Euless 843,382$
Sales tax contributions
City of Euless 320,222$
Investment income 10,057$
Total revenues for fiscal year 1,785,121$
Amount and Purpose of Expenditures from the Tax Increment Fund:
Transfer to debt service 1,143,966$
Total expenditures for fiscal year 1,143,966$
Debt Service Requirements on Outstanding Debt as of FYE:
[Debt issued: by the City of Euless 2011, 2014 & 2015 Certificates of Obligation; loan by City of Euless 2018]
Principal 12,398,357$
Interest 3,252,310$
Total requirements 15,650,667$
Tax Increment Base and Current Captured Appraised Value
Retained by the Zone:
Tax increment base (TY2010) 19,758,821$
Current captured appraised value 243,137,188$
Captured Appraised Value Shared by the Municipality and Other
Taxing Entities and Total Amount of Tax Increments Received:
Taxing Unit
Base Tax Year
(2010)
Appraised
Taxable Value
Taxable Value -
Tax Year 2019
Captured
Appraised
Value Tax Year
2019
Tax Rate per
$100 FY2020
Property Tax
Revenue FY2020
Tarrant County 19,758,821$ 273,912,423$ 254,153,602$ 0.234000$ 594,719$
Tarrant County College District 19,758,821$ 273,912,423$ 254,153,602$ 0.130170$ 330,832$
City of Euless 19,758,821$ 262,896,009$ 243,137,188$ 0.462500$ 1,124,509$
This report submitted by:
Janina Jewell
Director of Finance
City of Euless, Texas