TIF – ANNUAL REPORT 2021 | Legal Notice
Posted in Tulsa World, Tulsa County, Oklahoma, September 30, 2021
PUBLIC NOTICE The following is a summary of financial information relevant to the Tulsa International Airport Development Trust Project Plan, for the fiscal year shown here. The report is available for public inspection during business hours at the Tulsa City Office. / s / Jeff Shaw Jeff Shaw Secretary Tulsa International Airport Dev Trust PROJECT PLAN FOR TULSA INTERNATIONAL AIRPORT DEVELOPMENT TRUST, INCREMENT DISTRICT NO. 9 ANNUAL REPORT FISCAL YEAR 2021 RATED VALUES TIF # 9 Base assessed value $ 16,792,693.00 Assessed value by increment $ 253,895.00 Total assessed base and increase $ 17,046,588.00 SALES TAX AMOUNTS TIF # 9 Tax Base Sales $ 4,021,846.80 Sales Tax Increase and Increase $ – Total $ 4,021,846.80 FINANCIAL REPORT AS AT JUNE 30, 2021 * Total Cumulative to Date Revenues Related to TIF TIF # 9 Increment ad valorem $ 57,344.31 $ 69,582.02 TIF # 9 Sales tax increase – $ 521,183.52 Investment income $ 5,191.91 $ 15,110.66 Total TIF income 62,536.22 $ 605,876.20 Expenses related to TIF Public improvements and infrastructure $ – $ – Development finance assistance $ 25,000.00 $ 25,000.00 Project implementation and contingencies $ 75,816.48 $ 170,318.68 Total expenses related to the TIF 100 $ 816.48 $ 195 318.68 Interest on debt ** $ – $ as – Outstanding June 30, 2021 $ – $ – PROJECT BUDGET EXPENDITURE AS AT JUNE 30, 2021 Bu dget *** Total remaining expenditure B Budget Public improvements $ 61,000,000.00 – $ 61,000,000.00 and assistance in financing infrastructure development $ 33,000,000.00 $ 25,000.00 $ 32,975,000.00 Investment implementation of the project and contingencies $ 4,000,000.00 170,318.68 $ 3,829,681.32 TOTAL $ 98,000,000.00 195,318.68 $ 97,804,681.32 Responsible for the implementation of the airport development: Interest disclosed in accordance with 62 OS § 857: NONE * Amounts are unaudited and are subject to adjustment and / or reclassification. ** Interest on debt paid directly from additional income. *** The budgeted amounts relate to all the districts of the TIF within the framework of the economic development project plan of the international airport of Tulsa. Please note that the financial report is on a cash basis.