This information is provided to outline and explain the financial reserves, known as fund balance, kept by the Grass Lake Downtown Development Authority. Specifically, this section is meant to identify any revenues from the Tax Increment Financing District (TIF) which have not been expended within 5 and 10 years of their receipt.

Please note these numbers are subject to change pending the annual Village of Grass Lake audit process.


While the primary source of revenue for the Grass Lake DDA is capture from the TIF District, there are several other sources of funding. Additional revenues include voted property taxes, grants, interest income, contributions, and proceeds from events. If the assumption is made the TIF revenues are spent first each year, the fund balance built up over the course of the previous 10 years is comprised entirely of Non-TIF revenues.