HomeMy WebLinkAbout10-01311 11-18-2010 Financial SummaryOMNI
COMMUNITY REDEVELOPMENT AGENCY
FINANCIAL REPORT
October 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
October 31, 2010
Assets
Cash - Unrestricted'
Cash Reserved For Projects and Operations 2
Total Assets
Liabilities and Fund Balance
Account Payables
OM NI
100,000
29,051,568
$29,151,568
FY 2010 Unaudited Fund Balance 29,459,652
Current Year Fiscal Year 2011 (308,083)
Total Liabilities and Fund Balance $29,151,568
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
October 31, 2010
OMNI
FY 2011
FY 2011
FY 2011
APPROVED
AS END
% of
BUDGET
OF Oct
Budget
Variance
SUMMARY
I
REVENUES
TAX INCREMENT REVENUES
5,800,000
0.0%
5,800,000
CONTRIBUTION GOVTS-COUNTY
3,700,000
0.0%
3,700,000
CHILDREN TRUST FUND CONTRIBUTION
-
OTHER REVENUES/CARRYOVER FB 2010
35,547,424
-
0.0%
35,547,424
I
TOTAL REVENUES
45,047,424
-
0.0%
45,047,424
I
EXPENDITURES
I
COMMUNITY REDEV EXPENSES
44,327,424
308,083
0.7%
44,019,341
GENERAL GOVERNMENT
620,000
0.0%
620,000
BUDGET RESERVE
100,000
0.0%
100,000
TRANSFER INTO FY 2011
TOTAL EXPENDITURES
45,047,424
308,083
0.7%
44,739,341
I I
REVENUE LESS EXPENDITURES
(308,083)
I I