HomeMy WebLinkAbout10-01191 Financial Summary 10-14-2010OMNI
COMMUNITY REDEVELOPMENT AGENCY
FINANCIAL REPORT
September 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
September 30, 2010
Assets
Cash - Unrestricted'
Cash Reserved For Projects and Operations 2
Total Assets
Liabilities and Fund Balance
Account Payables
OM NI
100,000
35,188,558
$35,288,558
Audited Fund Balance FY 2009 30,482,017
Current Year Fiscal Year 2010 4,806,541
Total Liabilities and Fund Balance $35,288,558
Footnotes:
Cash - Unrestricted
This represents unspent income carried forward from year to year.
Available TIF funds
OM NI
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
September 30, 2010
OMNI
FY 2010
FY 2010
FY 2010
APPROVED/
AMENDED
AS END
% of
BUDGET
OF Sept
Budget
Variance
SUMMARY
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REVENUES
TAX INCREMENT REVENUES
8,238,547
8,238,547
100.0%
-
CONTRIBUTION GOVTS-COUNTY
5,195,407
5,195,407
100.0%
-
CHILDREN TRUST FUND CONTRIBUTION
667,028
667,028
100.0%
-
OTHER REVENUES/CARRYOVER FB 2009
29,914,989
75,328
0.3%
29,839,661
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TOTAL REVENUES
44,015,971
14,176,310
32.2%
29,839,661
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EXPENDITURES
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COMMUNITY REDEV EXPENSES
43,199,571
9,369,769
21.7%
33,829,802
GENERAL GOVERNMENT
716,400
0.0%
716,400
BUDGET RESERVE
100,000
100,000
TRANSFER INTO FY 2010
TOTAL EXPENDITURES
44,015,971
9,369,769
21.3%
34,646,202
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REVENUE LESS EXPENDITURES
4,806,541
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