Source: Sherman Publications

Remove Images Lake Orion Village DEVELOPMENT AUTHORITY ANNUAL REPORT December 19, 2012 VILLAGE OF LAKE ORION DOWNTOWN DEVELOPMENT AUTHORITY ANNUAL REPORT FYE 06/30/2012 Pursuant of DDA Act 197 of 1975, TIFA Act 450 of 1980, and LDFA Act 281 of 1986 REVENUE Property Tax: $ 517,223 Intergovernmental - Local $ 63,490 Interest Earned $ 2,150 Other Revenue $ 110,696 Total Revenue $ 693,559 EXPENDITURES Community Development $ 448,943 Debt Service - Interest $ 12,000 Capital Outlay - net $ 1,276,345 Total Expenditures $ 1,737,288 INITIAL ASSESSED VALUE Real Property SEV $ 9,316,600 Personal Property SEV $ 916,800 Total Initial Assessed Value $ 10,233,400 CAPTURED VALUE Captured Real Property $ 25,245,160 Captured Personal Property $ 941,380 Total 2010/2011 Captured Value $ 26,186,540 TAX INCREMENT REVENUES RECEIVED From Village $ 271,853 From Township $ 145,705 From Intergovernmental-Local $ 163,155 Total Tax Increment Revenues Received $ 580,713 Source 2011-2012 Audit Michelle Lalla, Village of Lake Orion, Treasurer Publish: 12/19