HomeMy WebLinkAbout13-00516 04-29-13 Financial SummarySoutheast Overtown Park West
Community Redevelopment Agency
Financial Summary
March 31, 2013
SEOPW CRA
Combined Statement of Financial Position
March 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 Liabilities and Fund Balance
SEOPW
$250,000
$1,515,681
$10,740,132
$4,826,269
$5,429,158
$3,853,825
$4,689.658
$31,304,723
$0
$403,250
$25,490,841
$5,410.632
$31 ,304.723
SEOPW CRA
Combined Statement of Revenues and Expenditures
for the period ended
March 31, 2013
SOUTHEAST OVERTOWN PARK WEST
FY 2013
FY 2013
FY 2013
APPROVED
AS OF
% of
BUDGET
313112013
Budget'
Variance
SUMMARY
REVENUES
I
TAX INCREMENT REVENUES
$6,077,969
$6,077,996
$1 1
-$27
CONTRIBUTION GOVTS-COUNTY
$3,709,282
$3,709,255
$1 1
$27
CHILDREN TRUST FUND CONTRIBUTION
$0
$25,574,746"
OTHER REVENUES/CARRYOVER FB 2012
$25,656,532
$81,786
$0
I I
TOTAL REVENUES
$36,443,783
$9,869,037
$01
$25,574,746
I 1
EXPENDITURES
I 1
COMMUNITY REDEV EXPENSES
$33,920,847
$4,129,404
$01
$29,791,443
$943,935
GENERAL GOVERNMENT
$1,272,936
$329,001
$0
BUDGET RESERVE
$250,000
$0
$250,000
1
TOTAL EXPENDITURES
$36,443,783
$4,458,405
$0
t $30,985,378
r I
REVENUE LESS EXPENDITURES
$5,410,632
1 I
2