HomeMy WebLinkAbout11-00244 03-28-2011 Financial SummarySEOPW
COMMUNITY REDEVELOPMENT AGENCY
FINANCIAL REPORT
February 28, 2011
ATTACHMENTS
1. COMBINED STATEMENT OF FINANCIAL POSITION — ALL FUNDS
2. COMBINED STATEMENT OF REVENUES AND EXPENDITURES
SEOPW CRA
Combined Statement of Financial Position
February 28, 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 Year 2011
Total Liabilities and Fund Balance
Footnotes:
SEOPW
$120,000
$28,642,724
Cash Unrestricted
This represents unspent income carried forward from year to year.
Available TIF funds
2 Cash - Reserved For Projects and Operations
$28,762,724
$254,268
$17,865,766
$10,642,690
$ 28,762,724
SEOPW
$120,000
$120,000
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
February 28, 2011
SOUTHEAST OVERTOWN PARK WEST
FY 2011
FY 2011
FY 2011
APPROVED ''
AS END
% of
BUDGET
OF Feb
Budget
Variance
SUMMARY
1
REVENUES
TAX INCREMENT REVENUES
$6,845,971s
86,845,971
$1
$0
CONTRIBUTION GOVTS-COUNTY
$4,865,405
$4,865,405
$1
$0
CHILDREN TRUST FUND CONTRIBUTION
$0
$0
OTHER REVENUES/CARRYOVER FB 2010
$17,865,766
$18,321
$0
$17,847,445
I
TOTAL REVENUES
$29,577,142
$11,729,697
$0
$17,847,445
I
EXPENDITURES
COMMUNITY REDEV EXPENSES
$28,857,142
$832,739
$0
$28,024,403
GENERAL GOVERNMENT
$600,000
$254,268
$0
$345,732
BUDGET RESERVE
$120,000
$0
$120,000
TRANSFER INTO FY 2011
TOTAL EXPENDITURES
$29,577,142
$1,087,007
$0
$28,490,135
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REVENUE LESS EXPENDITURES
$10,642,690
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