EXHIBIT 1
Successor Debt
Agency Service Total
Beginning Available Balance 5,016,570 1,046,742 6,063,312 Revenue
Tax Increment 7,557,712 - 7,557,712 Investment Income - - - Refunds, reimbursements and others 7,025 - 7,025 7,564,737 - 7,564,737
Expenditures
County Admin Fee and tax entity payments
Administration & Overhead 102,097 10,000 112,097 Property Maintenance - - - Legal - - -
Property Taxes - - - City Indirect Costs - - - Capital projects - - - Debt Service - 7,441,775 7,441,775 102,097 7,451,775 7,553,872
Transfers
Transfer - Admin - - - Transfer - Low/Mod (SERAF payment) - - - Transfer - 231 Debt Service (7,451,775) 7,451,775 - Transfer - General Fund - - - Transfer - CIP - -
Transfer - CDBG (1,747,243) - (1,747,243) Transfer - Parking Authority - - - (9,199,018) 7,451,775 (1,747,243)
Net Annual Activity (1,736,378) - (1,736,378) Ending Available Balance 3,280,192 * 1,046,742 * 4,326,934
CITY OF STOCKTON
SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF STOCKTON FY 2023-24 PROPOSED BUDGET
*Excess funds will be retained by the SJ County Auditor-Controller and distributed to taxing entities (ie. County, City, schools, and special districts).