HomeMy WebLinkAbout11-00662 07-25-2011 Financial SummarySEOPW
COMMUNITY REDEVELOPMENT AGENCY
FINANCIAL REPORT
June 30, 2011
ATTACHMENTS
1. COMBINED STATEMENT OF FINANCIAL POSITION — ALL FUNDS
2. COMBINED STATEMENT OF REVENUES AND EXPENDITURES
SEOPW CRA
Combined Statement of Financial Position
June 30, 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
$24,828,468
$24,948,468
$476,212
$17,865,766
$6,606,490
Cash - Unrestricted
This represents unspent income carried forward from year to year.
Available TIF funds
2 Cash - Reserved For Projects and Operations
$24,948,468
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
June 30, 2011
SOUTHEAST OVERTOWN PARK WEST
FY
APPROVED
FY 2011
AS END
% of
FY 2011
,BUDGET
OF June
Budget
Variance
SUMMARY
REVENUES
TAX INCREMENT REVENUES
a,971
$6, 845, 971
$1
$0
CONTRIBUTION GOVTS-COUNTY
$4,865,405
$1
$0
CHILDREN TRUST FUND CONTRIBUTION
OTHER REVENUES/CARRYOVER FB 2010
$17
766
$465,702
$55,259
$0
-$465,702
$17,810,507
TOTAL REVENUES
9!I
$12,232,337
$0
$17,344,805
EXPENDITURES
COMMUNITY REDEV EXPENSES
$5,149, 635
$0
$23,707,507
GENERAL GOVERNMENT
BUDGET RESERVE
$476,212
$1
$0
$123,788
$120,000
TRANSFER INTO FY 2011
TOTAL EXPENDITURES
$5,625,847
so
$24,427,874
REVENUE LESS EXPENDITURES
$6,606,490