HomeMy WebLinkAbout10-00521 Financial Summary 4-26-2010OMNI
COMMUNITY REDEVELOPMENT AGENCY
FINANCIAL REPORT
March 31, 2010
ATTACHMENTS
1. COMBINED STATEMENT OF FINANCIAL POSITION — ALL FUNDS
2. COMBINED STATEMENT OF REVENUES AND EXPENDITURES
OMNI CRA
Combined Statement of Financial Position
March 31, 2010
Assets
Cash - Unrestricted'
Cash Reserved For Projects and Operations 2
Total Assets
Liabilities and Fund Balance
Account Payables
Audited Fund Balance FY 2009
Current Year Fiscal Year 2010
Total Liabilities and Fund Balance
Footnotes:
OMNI
$ 100,000
38,021, 306
38,121, 306
Cash - Unrestricted
This represents unspent income carried forward from year to year.
Available TIF funds
30,482,017
7,639,289
$ 38,121, 306
OMNI
100,000
100,000
2 Cash - Reserved For Projects and Operations
This portion of cash includes reserves authorized by the Board for specific uses.
These include specific projects and general administrative expenses to ensure
continuity of operations.
OMNI CRA
Combined Statement of Revenues and Expenditures
for the period ended
March 31, 2010
UMNI
FY 2010
FY 2010
FY 2010
APPROVED!
AMENDED
AS END
%of
BUDGET
OF Mar
Budget
Variance
SUMMARY
REVENUES
TAX INCREMENT REVENUES
8,238,547
8,238,547
100.0°%
-
CONTRIBUTION GOVTS-COUNTY
5,195,407
5,195.407
100.0%
-
OTHER REVENUES/CARRYOVER FB 2009
30,582,017
693.1660
2.3%
29,888,857
I
TOTAL REVENUES
44,015,971
14,127,114
32.1%
29,888,857
I
EXPENDITURES
1
COMMUNITY REDEV EXPENSES
43,199,571
6,487,825
15.0%
36,711,746
GENERAL GOVERNMENT
716,400
0.0%
716,400
BUDGET RESERVE
100,000
100,000
TRANSFER INTO FY 2010
TOTAL EXPENDITURES
44,015,971
6,487,825
14.7%
37,528,146
I
REVENUE LESS EXPENDITURES
7,639,289
1 I
File: OMNI Financial Report - February 2010 Agenda Presenter2on 4-26-2010.xls 4/15/2010