HomeMy WebLinkAbout11-00552 06-27-2011 Financial SummaryOMNI
COMMUNITY REDEVELOPMENT AGENCY
FINANCIAL REPORT
May 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
May 31, 2011
Assets
Cash - Unrestricted 1
Cash Reserved For Projects and Operations 2
Total Assets
Liabilities and Fund Balance
Account Payables
Due to General Operating Fund
FY 2010 Audited Fund Balance
Current Year Fiscal Year201'1
Fund Balance
Total Liabilities and Fund Balance
Footnotes:
OMNI
$120,000
$35,461,740
$36,581,740
$4,395,332
$449,695
$29,768,796
$967,917
$30,736,713
'1 Cash - Unrestricted
This represents unspent income carried forward from year to year.
Available TIF funds
$35,581,740
OMNI
$120,000
$120,000
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 31,2011
OMNI
FY2011
FY2011
FY2011
APPROVED
AS END
% of
BUDGET
OF May
Budget
Variance
SUMMARY
REVENUES
TAX INCREMENT REVENUES
$5,336,988
$5,336,988
$1
$0
CONTRIBUTION GOVTS-COUNTY
$3,852,638
$3,852,638
$1
$0
CHILDREN TRUST FUND CONTRIBUTION
$413,563
-$413,563
OTHER REVENUES/CARRYOVER FB 2010
$29,768,796
$1,162,242
$0
$28,606,554
TOTAL REVENUES
$38,958,422
$10,765,431
$0
$28,192,991
I
EXPENDITURES
I
COMMUNITY REDEV EXPENSES
$38,238,422
$9,347,819
$0
$28,890,603
GENERAL GOVERNMENT
$600,000
$449,695
$1
$150,305
BUDGET RESERVE
$120,000
$0
$120,000
TRANSFER INTO FY 2011
TOTAL EXPENDITURES
$38,958,422
$9,797,514
$0
$29,160,908
I
REVENUE LESS EXPENDITURES
$967,917
I