HomeMy WebLinkAbout10-00623 Financial Summary 6-10-2010OMNI
COMMUNITY REDEVELOPMENT AGENCY
FINANCIAL REPORT
May 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
May 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
36, 758, 788
36.858,788
t Cash - Unrestricted
This represents unspent income carried Forward from year to year.
Available TIF funds
30,482,017
6,376,771
$ 36,858,788
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
May 31, 2010
OMNI
FY 2010
FY 2010
FY 2010
APPROVED/
AMENDED
AS END
%af
BUDGET
OF May
Budget
Variance
SUMMARY
I
REVENUES
TAX INCREMENT REVENUES
8.238,547!
8.238.547
100.0%
CONTRIBUTION GOVTS-COUNTY
5,195,407 j
5.195.407
100.0%
-
CHILDREN TRUST FUND CONTRIBUTION
1667,028 i
667.028
100.0%
-
OTHER REVENUESiCARRYOVER FB 2009
29,914,9891
37.964
0.1%
29,877.025
TOTAL REVENUES
44,015,971 I
14,138,946
32.1%
29,877,025
I
EXPENDITURES
I
!
COMMUNITY REDEV EXPENSES
43,199.571 ,
7.762.175
18.0%
35.437,396
GENERAL GOVERNMENT
716.400
0.0%
716.4C0
BUDGET RESERVE
100,000
100.000
TRANSFER INTO FY 2010
TOTAL EXPENDITURES
44,015,971
7,762,175
17.6%
36.253,796
I I
REVENUE LESS EXPENDITURES
6,376,771
1 I
2 6/3/2010