HomeMy WebLinkAbout13-00339 Financial SummarySoutheast Overtown Park West
Community Redevelopment Agency
Financial Summary
February 28, 2013
SEOPW CRA
Combined Statement of Financial Position
February 28, 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 Liabilities and Fund Balance
SEOPW
$250,000
$1,730,914
$10, 762,953
$5,006,269
$7,564,324
$3,884,507
$4,509,658
$33,708,625
$0
$403,250
$25,490,841
$7,814,534
$33,708,625
SEOPW CRA
Combined Statement of Revenues and Expenditures
for the period ended
February 28, 2013
SOUTHEAST OVERTOWN PARK WEST
FY2013
FY2013
FY2013
APPROVED
AS OF
%of
BUDGET
2128/2013
Budget
Variance
SUMMARY
REVENUES
TAX INCREMENT REVENUES
$6,077,969
$6,077,996
$1
-$27
CONTRIBUTION GOUTS -COUNTY
$3,709,282
$3,709,255
$1
$27
CHILDREN TRUST FUND CONTRIBUTION
$0
OTHER REVENUES/CARRYOVER FB 2012
$25,656,532
$68,024
$0
$25,588,508
TOTAL REVENUES
$35,443,783
$9,855,275
$0
$25,588,508
EXPENDITURES
COMMUNITY REDEV EXPENSES
$33,920,847
$1,909,574
$0
$32,011,273
GENERAL GOVERNMENT
$1,272,936
$131,167
$0
$1,141,769
BUDGET RESERVE
$250,000
$0
$250,000
TOTAL EXPENDITURES
$35,443,783'
$2,040,741
$0
$33,403,042
REVENUE LESS EXPENDITURES
$7,814,534
2