HomeMy WebLinkAbout12-00173 02-27-12 BackupOMNI
COMMUNITY REDEVELOPMENT AGENCY
FINANCIAL REPORT
January 31, 2012
ATTACHMENTS
1. COMBINED STATEMENT OF FINANCIAL POSITION
2. COMBINED STATEMENT OF REVENUES AND EXPENDITURES
3. DETAILED CASH RESERVED FOR PROJECTS AND OPERATIONS
OMNI CRA
Combined Statement of Financial Position
January 31, 2012
OMNI
Assets
Cash - Unrestricted $100,000
Cash Allocated For Administration $1,033,174
Cash Allocated For Operations $320,701
Cash Allocated for Infrastructure $19,635,485
Cash Allocated for FY 2012 PAC Payment $2,513,119
Cash Allocated For Other Redevelopment Expenditures (Job $2,188,567
Creation, Quality of Life and Arts and Culture)
Total Assets $25,792,046
Liabilities and Fund Balance
Account Payables
Due to General Operating Fund $212,522
FY 2011 Fund Balance (Audited) $28,651,081
Current Year Fiscal Year 2012 (3,071,557)
Fund Balance $25,579,524
Total Liabilities and Fund Balance $25,792,046
OMNI CRA
Combined Statement of Revenues and Expenditures
for the period ended
January 31, 2012
OMNI
FY 2012
FY 2012
FY 2012
APPROVED
AS END
% of
BUDGET
OF Dec
Budget
Variance
SUMMARY
REVENUES
TAX INCREMENT REVENUES
$3,142,175
$2,764,456
$1
$377,717
CONTRIBUTION GOUTS -COUNTY
$1,980,954
_ $1,760,167
$1
$220,787
CHILDREN TRUST FUND CONTRIBUTION
$0
OTHER REVENUES/CARRYOVER FB 2011
$30,072,222
$10,214
$0
$30,062,008
TOTAL REVENUES
$35,195,361
$4,534,839
$0
$30,650,512
EXPENDITURES
COMMUNITY REDEV EXPENSES
$34,067,799
$7,363875
SO
$28,673,924
GENERAL GOVERNMENT
$927,552
$212,521
SO
$715,031
BUDGET RESERVE
$200,000
50
$200,000
TRANSFER INTO FY2012
TOTAL EXPENDITURES
$35,195,351
$7,606,356
$0
$27,5E18,955
REVENUE LESS EXPENDITURES
-$3,071,557
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