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HomeMy WebLinkAbout13-00211 Financial SummarySoutheast Overtown Park West Community Redevelopment Agency Financial Summary January 31, 2013 SEOPW CRA Combined Statement of Financial Position January 31, 2013 Assets Cash - Unrestricted Cash Allocated For Administration (Agency Administration, Outside Legal Counsel and State/Federal Lobbyists) Cash Allocated For Residential Developments/Real Estate Acquisition Cash Allocated For Future Debt Service Relating to the Residential Developments Cash Allocated For Other Redevelopment Expenditures (Job Creation, Quality of Life and Arts and Culture) Cash Allocated For Infrastructure Cash Allocated For Gibson Park and Indoor Basketball Court Total Assets Liabilities and Fund Balance Account Payables Due to FY 2012 Children's Trust Fund Contribution FY 2012 Fund Balance (Audited) Current Year Fiscal Year 2013 Total labilities and Fund Balance SEOPW $300, 000 $1,661,551 $11,263,229 $5,006,269 $7, 026, 984 $4,055,929 $4,509,658 $33,823,621, $0 $403,250 $25,490, 841 $7,929,530 $33,823,621 SEOPW CRA Combined Statement of Revenues and Expenditures for the period ended January 31, 2013 SUMMARY REVENUES TAX INCREMENT REVENUES CONTRIBUTION GOVTS-COUNTY CHILDREN TRUST FUND CONTRIBUTION OTHER REVENUES/CARRYOVER FB 2012 I 1 TOTAL REVENUES L I EXPENDITURES I COMMUNITY REDEV EXPENSES GENERAL GOVERNMENT BUDGET RESERVE I I TOTAL EXPENDITURES I I SOUTHEAST OVERTOWN PARK WEST FY 2013 APPROVED BUDGET $5,791,631 $3,709,255 $26,376,416 $35,877,302 $34,404,366 $1,272,936 $200,000 $35,877,302 FY 2013 AS OF 1/31/2013 $6,077,996 $3,709,255 $68,024 $9,855,275 $1,811,053 $114,692 $1,925,745 % of Budget $1 $1 $0 $0' $0 $0 $0 $0 r FY 2013 Variance REVENUE LESS EXPENDITURES $7,929,530 -$286,365 $0 $0 $26,308,392 $28,022,027 $32,593,313 $1,158,244 $200,000 $33,951,557 2