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Home My WebLink About2023 Annual Financial Report - Carmel Redevelopment Authority 2 Qbhf (AFR) will fulfill this requirement. 2023 Annual Financial Report of the fiscal year. 303903135!3;4:;66!QN Hamilton County Qsjoufe; Submitted on 2/26/2024 8:57:00 AM Indiana State Board of Accounts CARMEL REDEVELOPMENT AUTHORITY every municipality and local government is required to provide electronically and in a manner Completion and submission of the Gateway IC 5-11-1-4 prescribed by the state examiner, financial reports for the fiscal year not later than sixty days after the close Per Annual Financial Report This document comprises all of the report outputs generated by Gateway, based on the information entered by the government unit and submitted by the government official as stipulated in state law. hbufxbz/jgjpomjof/psh Joejbob!Hbufxbz!Sfqpsu 3 Qbhf $0.00 End Cash & Inv Bal $164,845.78$475,814.13 Dec. 31, 2023 $1,285,985.33 $19,570,399.56$29,295,838.79$64,647,963.84 $115,440,847.43 $78,719.30 $880,679.22 $1,114,696.81$2,184,195.10$6,294,094.80 $72,310,075.19 $47,055,477.00$14,702,212.96 Disbursement -!Joejbob $543.33 $857,144.95$107,574.86$886,949.10 $3,118,600.23$8,199,415.91 $60,613,614.66 $47,443,386.28 Receipts 3134 Beg Cash & Inv Bal $78,175.97 Jan. 1, 2023 $422,397.64$469,544.25 $3,362,605.57 $19,182,490.28$40,879,451.52$62,742,642.73 $127,137,307.96 303903135!3;4:;66!QN Qsjoufe; Boovbm!Gjobodjbm!Sfqpsu!.! GRAND TOTAL Dbti!'!Jowftunfout!Dpncjofe!Tubufnfou Dbsnfm!Sfefwfmpqnfou!Bvuipsjuz-!Ibnjmupo!Dpvouz Local Fund Name2016 Project Fund2017 Project FundRedevelopment Authority Debt Service FundRedevelopment Authority Capital Projects Fund2018A Project Fund2021A Project Fund2022A Project Fund Local Fund Number900002900003900004900005900007900009900010 hbufxbz/jgjpomjof/psh Joejbob!Hbufxbz!Sfqpsu Governmental Activities 4 Qbhf $543.33 $543.33$543.33 $2,737.48 $12,267.10 $844,877.85$107,574.86$105,686.28$884,211.62 $857,144.95$857,144.95$107,574.86$107,574.86$886,949.10$886,949.10 $1,266,684.29$1,851,915.94$2,359,752.16$5,839,663.75 $3,118,600.23$3,118,600.23$8,199,415.91$8,199,415.91 $47,337,700.00 $47,443,386.28$47,443,386.28$60,613,614.66 -!Joejbob 3134 , Indiana 303903135!3;4:;66!QN Qsjoufe; 2023 Efubjmfe!Sfdfjqut!.! Earnings on Investments and DepositsOther Receipts/NA - Other Cash ReceiptsEarnings on Investments and DepositsEarnings on Investments and DepositsOther Receipts/NA - Other Cash ReceiptsEarnings on Investments and DepositsEarnings on Investments and DepositsOther Receipts/NA - Other Cash ReceiptsEarnings on Investments and DepositsOther Receipts/NA - Other Cash ReceiptsEarnings on Investments and DepositsOther Receipts/NA - Other Cash Receipts Detailed Receipts Dbsnfm!Sfefwfmpqnfou!Bvuipsjuz-!Ibnjmupo!Dpvouz Carmel Redevelopment Authority, Hamilton County Other ReceiptsOther ReceiptsOther ReceiptsOther ReceiptsOther ReceiptsOther ReceiptsOther Receipts 2016 Project Fund2017 Project FundRedevelopment Authority Debt Redevelopment Authority Capital 2018A Project Fund2021A Project Fund2022A Project Fund 2016 Project Fund Total Total 2017 Project Fund Total Total Redevelopment Authority Debt Service Fund Total Total Service Fund Redevelopment Authority Capital Projects Fund Total Total Projects Fund 2018A Project Fund Total Total 2021A Project Fund Total Total 2022A Project Fund Total Total hbufxbz/jgjpomjof/psh Joejbob!Hbufxbz!Sfqpsu Governmental Activities Governmental Activities Total 5 Qbhf $650.00$650.00 $2,142.50 $2,142.50 $12,800.00$70,425.18 $12,800.00$70,425.18 $140,969.55 $140,969.55 $1,114,046.81$2,182,052.60 $1,114,046.81$1,114,696.81$2,182,052.60$2,184,195.10 -!Joejbob $27,095,488.00$19,806,219.45 $46,901,707.45$47,055,477.00 3134 303903135!3;4:;66!QN Qsjoufe; Ejtcvstfnfout!cz!Gvoe!.! Services and ChargesCapital OutlaysServices and ChargesCapital OutlaysServices and ChargesDebt service - principal and interestOther DisbursementsCapital Outlays Professional Services Total Construction Total Professional Services Total Construction Total Professional Services Total Payments on Bonds and Other Debt PrincipalPayments on Bonds and Other Debt Interest Total Other Disbursements Total Construction Total Dbsnfm!Sfefwfmpqnfou!Bvuipsjuz-!Ibnjmupo!Dpvouz 2016 Project Fund2017 Project FundRedevelopment Authority Debt Service Fund 2016 Project Fund Total 2017 Project Fund Total Redevelopment Authority Debt Service Fund Total Redevelopment Authority Capital Projects Fund hbufxbz/jgjpomjof/psh Joejbob!Hbufxbz!Sfqpsu Governmental Activities 6 Qbhf $8,294.12$1,000.00$7,211.62 $8,294.12$1,000.00$7,211.62 $11,708.93$16,179.74 $78,719.30$11,708.93$16,179.74 $380,000.00$492,467.60$523,651.02$950,000.00 $872,467.60$880,679.22$523,651.02 $1,545,833.33 $2,495,833.33 $14,166,853.01 $14,166,853.01$14,702,212.96 303903135!3;4:;66!QN Qsjoufe; Other DisbursementsServices and ChargesDebt service - principal and interestOther DisbursementsServices and ChargesCapital OutlaysOther DisbursementsServices and ChargesDebt service - principal and interest Other Disbursements Total Professional Services Total Payments on Bonds and Other Debt PrincipalPayments on Bonds and Other Debt Interest Total Other Disbursements Total Professional Services Total Construction Total Other Disbursements Total Professional Services Total Payments on Bonds and Other Debt PrincipalPayments on Bonds and Other Debt Interest Total Redevelopment Authority Capital Projects Fund2018A Project Fund2021A Project Fund Redevelopment Authority Capital Projects Fund Total 2018A Project Fund Total 2021A Project Fund Total 2022A Project Fund hbufxbz/jgjpomjof/psh Joejbob!Hbufxbz!Sfqpsu Governmental Activities 7 Qbhf $132,516.17 $132,516.17 $3,649,565.56 $3,649,565.56$6,294,094.80 $72,310,075.19 , Indiana 303903135!3;4:;66!QN Qsjoufe; Standard Fund 900004 - Redevelopment Authority Debt Service Fund900005 - Redevelopment Authority Capital Projects Fund900002 - 2016 Project Fund900003 - 2017 Project Fund900007 - 2018A Fund900008 - 2021A Fund900009 - 2022A Fund 2023 Capital OutlaysOther Disbursements Construction Total Other Disbursements Total Fund Type Schedule Local Fund 900004 - Redevelopment Authority Debt Service Fund900005 - Redevelopment Authority Capital Projects Fund900002 - 2016 Project Fund900003 - 2017 Project Fund900007 - 2018A Project Fund900009 - 2021A Project Fund900010 - 2022A Project Fund 2022A Project Fund Carmel Redevelopment Authority, Hamilton County 2022A Project Fund Total Fund Type 3 - Debt Service4 - Capital Projects11 - Custodial11 - Custodial11 - Custodial11 - Custodial11 - Custodial hbufxbz/jgjpomjof/psh Joejbob!Hbufxbz!Sfqpsu Governmental Activities Governmental Activities Total $0.00 8 $972,000.00$855,000.00 Due in 2024 $2,060,042.00$6,070,000.00$4,820,000.00$3,932,000.00$1,555,000.00$2,175,000.00$1,815,000.00$2,290,000.00$1,285,000.00 Qbhf Principal $0.00 $6,070,000.00$7,062,000.00$4,720,000.00 $10,574,571.00$17,950,000.00$59,455,000.00$60,300,000.00$12,320,000.00$15,315,000.00$54,225,000.00 $121,679,000.00 Dec. 31, 2023 Balance as of Ending Principal $0.00 $858,000.00$830,000.00$885,000.00 $6,422,057.00$2,680,000.00$7,750,000.00$4,595,000.00$3,663,000.00$2,150,000.00$1,850,000.00$1,235,000.00 Reductions $0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00 , Indiana Additions 2023 $2,680,000.00$7,920,000.00$5,955,000.00 $16,996,628.00$13,820,000.00$22,545,000.00$60,285,000.00$62,450,000.00$13,205,000.00$17,165,000.00$54,225,000.00 Jan. 1, 2023 $125,342,000.00 Balance as of Beginning Principal 303903135!3;4:;66!QN Qsjoufe; Debt Statement - 2005 Performing Arts Center Redevelopment AuthorityCity of Carmel (Indiana) Redevelopment Commission Lease Rental Revenue Refunding Bonds of 2011 - Refi 2004 Road Bond West Clay2012B Lease Rental Multipurpose Redevelopment Authority2014 City of Carmel (IN) Redevelopment Authority COIT Lease Rental Revenue Bonds Series 2014BCity of Carmel Redevelopment Authority Lease Rental Bonds, Series 2016A (Public Infrastructure)City of Carmel Redevelopment Authority Lease Rental Bonds, Series 2016B (Economic Development Projects)Taxable Lease Rental Revenue Refunding Bonds, Series 2020BCity of Carmel Redevelopment Authority Ad Valorem Property Tax Lease Rental Bonds, Series 2022City of Carmel Redevelopment Authority Taxable Lease Rental Bonds, Series 2017C-2City of Carmel Redevelopment Authority LIT Lease Rental Refunding Bonds, Series 2017 Private PlacementAd Valorem Property Tax Lease Rental Bond, Series 2021City of Carmel Redevelopment Authority Lease Rental Bonds, Series 2019A-1 (LIT/SBT) Carmel Redevelopment Authority, Hamilton County Revenue BondsRevenue BondsRevenue BondsRevenue BondsRevenue BondsRevenue BondsRevenue BondsRevenue BondsRevenue BondsRevenue BondsRevenue BondsRevenue Bonds hbufxbz/jgjpomjof/psh Joejbob!Hbufxbz!Sfqpsu Governmental Activities Long Term Debt 9 $90,000.00 $450,000.00$719,000.00$405,000.00$275,000.00$455,000.00$360,000.00 Due in 2024 $3,185,000.00 $33,768,042.00 Qbhf Principal $315,000.00 $6,080,000.00$8,990,000.00$6,585,000.00 $10,765,000.00$30,630,000.00$22,400,000.00 $125,195,000.00 $580,630,571.00$580,630,571.00 Dec. 31, 2023 Balance as of Ending Principal $0.00 $90,000.00 $435,000.00$685,000.00$395,000.00$265,000.00$415,000.00$345,000.00 Reductions $35,548,057.00$35,548,057.00 $0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00 $0.00$0.00 Additions $405,000.00 $6,515,000.00$9,385,000.00$6,850,000.00 $11,450,000.00$31,045,000.00$22,745,000.00 Jan. 1, 2023 $125,195,000.00 $616,178,628.00$616,178,628.00 Balance as of Beginning Principal 303903135!3;4:;66!QN Qsjoufe; City of Carmel Redevelopment Authority Lease Rental Bonds, Series 2019A-2 (TIF/SBT)Taxable Lease Rental Revenue Refunding Bonds, Series 2020ACity of Carmel Redevelopment Authority Lease Rental Refunding Bonds, Series 2016C (Energy Center)City of Carmel Redevelopment Authority Taxable Lease Rental Bonds, Series 2016D (Midtown Phase 1A Projects)City of Carmel Redevelopment Authority Taxable Lease Rental Bonds, Series 2017A (Midtown South Project)City of Carmel Redevelopment Authority Lease Rental Bonds, Series 2017B-1City of Carmel Redevelopment Authority Lease Rental Bonds, Series 2017B-2City of Carmel Redevelopment Authority Taxable Lease Rental Bonds, Series 2017C-1 Revenue BondsRevenue BondsRevenue BondsRevenue BondsRevenue BondsRevenue BondsRevenue BondsRevenue Bonds hbufxbz/jgjpomjof/psh Joejbob!Hbufxbz!Sfqpsu Governmental Activities Long Term Debt Governmental Activities Long Term Debt TotalGRAND TOTAL : Qbhf 303903135!3;4:;66!QN Ending Cash and Qsjoufe; Investment Balance , Indiana 2023 Deficit Fund Balances - Fund Name Total deficit fund balances Carmel Redevelopment Authority, Hamilton County hbufxbz/jgjpomjof/psh Joejbob!Hbufxbz!Sfqpsu Enterprise Name 21 Qbhf Amount -!Joejbob (Receipts) Transfers In 3134 Fund 303903135!3;4:;66!QN Qsjoufe; Usbotgfs!Sfqpsu!.! Total Transfers In Amount Dbsnfm!Sfefwfmpqnfou!Bvuipsjuz-!Ibnjmupo!Dpvouz Transfers Out (Disbursements) Fund hbufxbz/jgjpomjof/psh Joejbob!Hbufxbz!Sfqpsu Total Transfers Out 22 Qbhf -- $8,750,025.06$2,738,277.98$6,584,983.71 $55,663,887.48$30,912,808.91$19,603,425.56$16,593,163.66$38,237,369.39$11,829,101.98 $67,152,190.52$73,244,618.74 $191,980,377.12$187,284,921.49 $429,781,533.08 December 31, 2023 Ending Balance as of ---------- Reductions $177,698.00$149,698.00 $177,698.00$149,698.00 $4,519,870.59 $4,519,870.59 --------- Additions , Indiana$976,283.81 303903135!3;4:;66!QN $2,259,428.56$4,282,734.28$3,765,942.82$1,519,502.01 $2,259,428.56 $10,544,462.92 -- Qsjoufe; 2023 January 1, 2023 $6,490,596.50$2,738,277.98$5,065,481.70 $60,183,758.07$30,912,808.91$19,781,123.56$12,310,429.38$34,471,426.57$11,002,516.17 $69,412,632.55$62,849,853.82 as of $191,980,377.12$187,284,921.49 $429,959,231.08 Beginning Balance Capital Assets LandConstruction in ProgressOther Non-Depreciable AssetsTotalInfrastructureBuildingsImprovements Other Than BuildingsMachinery, Equipment, and VehiclesBooks and OtherTotalInfrastructureBuildingsImpro vements Other Than BuildingsMachinery, Equipment, and VehiclesBooks and OtherTotal Carmel Redevelopment Authority, Hamilton County hbufxbz/jgjpomjof/psh Joejbob!Hbufxbz!Sfqpsu Government or EnterpriseGovernmental Activities - Non-Depreciable AssetsGovernmental Activities - Depreciable AssetsGovernmental Activities - Accumulated Depreciation Assets 23 Qbhf %1/11 Bddpvout Sfdfjwbcmf -!Joejbob 3134 %1/11 303903135!3;4:;66!QN Qbzbcmf Bddpvout Qsjoufe; Bddpvout!Qbzbcmf0Sfdfjwbcmf!Tubufnfou!.! Dbsnfm!Sfefwfmpqnfou!Bvuipsjuz-!Ibnjmupo!Dpvouz Hpwfsonfou!ps!Foufsqsjtf Hpwfsonfoubm!Bdujwjujft hbufxbz/jgjpomjof/psh Joejbob!Hbufxbz!Sfqpsu 24 Qbhf XXXXXX NO -!Joejbob YES 3134 303903135!3;4:;66!QN Qsjoufe; Qfotjpot!.! Dbsnfm!Sfefwfmpqnfou!Bvuipsjuz-!Ibnjmupo!Dpvouz hbufxbz/jgjpomjof/psh Joejbob!Hbufxbz!Sfqpsu 1. Please indicate if your unit offers any of these pension plans to your Employees. Check all that apply.Public Employees Retirement FundTeachers Retirement Fund1925 Police Pension Fund1937 Firefighter's Pension Fund1977 Police and Firefighter's Pension Fund 2. Does your unit have any other pension plans where the employer makes contributions to the plan or funds any part of the benefits?