HomeMy WebLinkAbout11-00546 06-27-2011 Financial SummarySEOPW
COMMCUNITY REDEVELOPMENT AGENCY
:FINANCIAL REPORT
May 31, 2011
ATTACHMENTS
1. COMBINED STATEMENT OF FINANCIAL POSITION-- ALL FUNDS
2, COMBINED STATEMENT OF REVENUES AND EXPENDITURES
SEOPW CRA
Combined Statement of Financial Position
May 31, 2011
Assets
Cash - Unrestricted
Cash Reserved For Projects and Operations 2
Total Assets
Liabilities and Fund Balance
Account Payables
Due to General Operating Fund
SEOPW
$120,000
$26,624,961
$26,744,951
$449,695
FY 2010 Audited Fund Balance $17,865,766
Current Year Fiscal Year 2011 $8,429,490
Total Liabilities and Fund Balance $267441951
Footnotes.
1 Cash - Unrestricted
This represents unspent income carried forward from year to year.
SEOPW
Available TIF funds $120,000
120,000
.2 Cash - Reserved For Projects and Operations
This poriion of cash includes reserves authorized by the Board for specific uses.
These include specific projects and .general administrative expenses to ensure
continuity of operations.
1
SEOPW CRA
Combined Statement of Revenues and Expenditures
for the period ended
May 31, 2011
SOUTHEAST
OVERTOWN PARK WEST
FY 2011
FY 2011
FY 2011
APPROVED
AS END
% of
BUDGET
OF May
Budget
Variance
SUMMARY
REVENUES
TAX INCREMENT REVENUES
$6,845,971
$6,845,971
$1
$0
CONTRIBUTION GOVTS-COUNTY
$4,865,405
$4,865,405
$1
$0
CHILDREN TRUST FUND CONTRIBUTION
$0
$465,702
1 -$465,702
OTHER REVENUES/CARRYOVER FB 2010
$17,865,766
$50,559
$0
$17,816,207
TOTAL REVENUES
$29,577,142
$12,227,637
$0
$17,349,505
EXPENDITURES
COMMUNITY REDEV EXPENSES
$28,857,142
$3,348,452
$0
$25,508,690
GENERAL GOVERNMENT
$600,000
$449,695
$1
$150.305
BUDGET RESERVE
$120,000
$0
$120,000
TRANSFER INTO FY 2011
TOTAL EXPENDITURES
$29,977,142
$3;799,147
$0
$24,427,874
REVENUE LESS EXPENDITURES
$8,429,490
2