HomeMy WebLinkAbout12-00314 03-29-12 Financial SummaryOMNI
COMMUNITY REDEVELOPMENT AGENCY
FINANCIAL REPORT
February 2.9, 2012
ATTACHMENTS
1. COMBINED STATEMENT OF FINANCIAL POSITION
2. COMBINED STATEMENT OF REVENUES AND EXPENDITURES
OMNI CRA
Combined Statement of Financial Position
February 29, 2012
Assets
Cash - Unrestricted
Cash Allocated For Administration
Cash Allocated For Operations
Cash Allocated for Infrastructure
Cash Allocated for FY 2012 PAC Payment
Cash Allocated For Other Redevelopment Expenditures (Job
Creation, Quality of Life and Arts and Culture)
Total Assets
Liabilities and Fund Balance
Account Payables
Due to General Operating Fund
FY 2011 Fund Balance (Audited)
Current Year Fiscal Year 2012
Fund Balance
OMNI
$100,000
$780,218
$170,490
$18,632,752
$2,513,119
$2,524,522
$24,721,101
$252,956
$28,651,081
(4,182, 936)
$24,468,145
Total Liabilities and Fund Balance $24,721,101
OMNI CRA
Combined Statement of Revenues and Expenditures
for the period ended
February 29, 2012
OMNI
FY 2012
FY 2012
FY 2012
APPROVED
AS END
% of
BUDGET
OF Feb
Budget
Variance
SUMMARY
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REVENUES
TAX INCREMENT REVENUES
$3,142,175
$2,764,458
$1
$377,717
CONTRIBUTION GOVTS-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
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TOTAL REVENUES
$35,195,351
$4,534,839
$0
$30,660,512
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EXPENDITURES
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COMMUNITY REDEV EXPENSES
$34,067,799
$8,464,819
$0
$25,602,980
GENERAL GOVERNMENT
$927,552
$252,956
$0
$674,596
BUDGET RESERVE
$200,000
$0
$200,000
TRANSFER INTO FY 2012
TOTAL EXPENDITURES
$35,195,351
$8,717,775
$0
$28,477,576
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REVENUE LESS EXPENDITURES
-$4,182,836
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