HomeMy WebLinkAbout10-00603 Financial Summary 5-13-2010OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
FINANCIAL REPORT
April 30, 2010
ATTACHMENTS
1. COMBINED STATEMENT OF FINANCIAL POSITION - ALL FUNDS
2. COMBINED STATEMENT OF REVENUES AND EXPENDITURES
OMNI CRA
Combined Statement of Financial Position
April 30, 2010
Assets
Cash - Unrestricted'
Cash Reserved For Proiects 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
OMNI
$ 100,000
37,273.644
37,373,644
30,482,017
6,891,627
$ 37,373,644
Footnotes:
Cash - Unrestricted
This represents unspent income carried forward from year to year.
Available TIF funds
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
Sri[ 30, 2010
OMNI
IFY 2011'0
FY 2010
FY 2010
APPROV,ED1
AMENDED
AS END
% of
BUDGET
OF April
Budget
Variance
SUMMARY
1
REVENUES
TAX INCREMENT REVENUES
8,238,547
8.233.547
1C0.0%
-
CONTRIBUTION GOVTS-COUNTY
5,195,407
5,362,435
112.8%
(667,028}
OTHER REVENUESICARRYOVER FB 2009
30.582,017
19,123
0.1%
30,562,894
TOTAL REVENUES
44;015,971
14,120,105
32.1%
29,895,866
1
EXPENDITURES
COMMUNITY REGEV EXPENSES
43,199,571
7,228.478
16.7%
35,971,093
GENERAL GOVERNMENT
716,400
0.0%
716,400
BUDGET RESERVE
100,000
100.000
TRANSFER INTO r Y 2010
TOTAL EXPENDITURES
44,015,971
7,228,478
16.4%
36,787,493
I 1
REVENUE LESS EXPENDITURES
6,891,627
I I
2 5/6/2010