HomeMy WebLinkAbout11-00178 02-28-2011 Financial SummaryOMNI
COMMUNITY REDEVELOPMENT AGENCY
FINANCIAL REPORT
January 31, 2011
ATTACHMENTS
1. COMBINED STATEMENT OF FINANCIAL POSITION — ALL FUNDS
2. COMBINED STATEMENT OF REVENUES AND EXPENDITURES
OMNI CRA
Combined Statement of Financial Position
January 31, 2011
Assets
Cash - Unrestricted'
Cash Reserved For Projects and Operations 2
Total Assets
Liabilities and Fund Balance
Account Payables
FY 2010 Audited Fund Balance
Current Year Fiscal Year 2011
Fund Balance
Total Liabilities and Fund Balance
Footnotes:
OMNI
100,000
42, 634, 315
$42,734,315
$4, 395, 332
29,768,796
8,570,187
$38,338,983
7 Cash - Unrestricted
This represents unspent income carried forward from year to_year.
Available TIF funds
$42,734,315
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
January 31, 2011
OMNI
FY 2011
FY 2011
PPROVED`'.=
AS END
% of
I.UIDGE
OF Jan
Budget
Variance
SUMMARY
REVENUES
TAX INCREMENT REVENUES
BDO;Q[j0
5,336,988
100.0%
463,012
CONTRIBUTION GOVTS-COUNTY
7Q0400
3,852,638
104.1 %
(152,638)
CHILDREN TRUST FUND CONTRIBUTION
OTHER REVENUES/CARRYOVER FB 2010
54Z424',
35,581
0.1 %
35,511,843
TOTAL REVENUES
5 O47;424`
9,225,207
20.5%
35,822,217
EXPENDITURES
COMMUNITY REDEV EXPENSES
655,020
1.5%
43,872,404
GENERAL GOVERNMENT
000
0.0%
620,000
BUDGET RESERVE
`I_dOPQA.O.P:
0.0%
100, 000
TRANSFER INTO FY 2011
TOTAL EXPENDITURES
047 424-
655,020
1.5%
44,392,404
REVENUE LESS EXPENDITURES
8,570,187