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HomeMy WebLinkAbout11-01104 11-28-11 Financial SummarySEOPW COMMUNITY REDEVELOPMENT AGENCY FINANCIAL REPORT October 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 October 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 FY 2011 Fund Balance (Unaudited) Current Year Fiscal Year 2012 Total Liabilities and Fund Balance Footnotes: SEOPW $120,000 $24,740,166 $24, 860,166 $51,260 $24, 808, 905 $0 1 Cash - Unrestricted This represents unspent income carried forward from year to year. Available TIF funds 2 Cash - Reserved For Projects and Operations $24, 860,166 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 October 31, 2011 SOUTHEAST OVERTOWN PARK WEST FY 2012 FY 2012 AS END % of FY 2012 OF Oct SUMMARY Budget Variance REVENUES TAX INCR EMENT REVENUES CONTRIBUTION GOVTS-COUNTY .,27-i, CHILDREN TRUST FUND CONTRIBUTION $0 OTHER REVENUES/CARRYOVER FB 2011 $25 36' 71 $288,465 $0 $0 $0 $5,188,446 $3,271,006 $0 $25,079,299 TOTAL REVENUES $3,627.246 $288,465 $0 $33,538,751 EXPENDITURES COMMUNITY REDEV EXPENSES $32020,. (9#' $237,205 GENERAL GOVERNMENT $1 000t9581 BUDGET RESERVE TRANSFER INTO FY 2012 $200,000 $51,260 $0 $0 $0 $32,389,053 $1,000,958 $148, 740 TOTAL EXPENDITURES 83 ,0 7, 4+ $288,465 $0 $24,427,874 REVENUE LESS EXPENDITURES $0 2