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HomeMy WebLinkAbout10-01362 11-29-2010 Financial SummarySEOPW COMMUNITY REDEVELOPMENT AGENCY FINANCIAL REPORT October 31, 2010 ATTACHMENTS 1. COMBINED STATEMENT OF FINANCIAL POSITION — ALL FUNDS 2. COMBINED STATEMENT OF REVENUES AND EXPENDITURES SEOPW 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 FY 2010 Unaudited Fund Balance Current Year Fiscal Year 2011 Total Liabilities and Fund Balance SEOPW 100,000 17,515,183 $17,615,183 17,914,100 (298,916) $ 17,615,183 Footnotes: Cash - Unrestricted This represents unspent income carried forward from year to year. Available TIF funds 2 Cash - Reserved For Projects and Operations SEOPW 100,000 $100,000 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. SEOPW CRA Combined Statement of Revenues and Expenditures for the period ended October 31, 2010 SOUTHEAST OVERTOWN PARK WEST FY 2011 FY 2011 FY 2011 APPROVED AS END % of BUDGET OF Oct Budget Variance SUMMARY I REVENUES TAX INCREMENT REVENUES 6,400,000 0.0% 6,400,000 CONTRIBUTION GOVTS-COUNTY 4,000,000 0.0% 4,000,000 CHILDREN TRUST FUND CONTRIBUTION - - OTHER REVENUES/CARRYOVER FB 2010 23,727,070 0.0% 23,727,070 I TOTAL REVENUES 34,127,070 - 0.0% 34,127,070 I EXPENDITURES I COMMUNITY REDEV EXPENSES 33,407,070 298,916 0.9% 33,108,154 GENERAL GOVERNMENT 620,000 0.0% 620,000 BUDGET RESERVE 100,000 0.0% 100,000 TRANSFER INTO FY 2011 TOTAL EXPENDITURES 34,127,070 298,916 0.9% 33,828,154 I I REVENUE LESS EXPENDITURES (298,916) I I