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HomeMy WebLinkAbout13-00845 Financial SummarySoutheast Overtown Park West Community Redevelopment Agency Financial Summary June 30, 2013 SEOPW CRA Combined Statement of Financial Position June 30, 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/Debt Service 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 FY 2012 Fund Balance (Audited) Current Year Fiscal Year 2013 Total Liabilities and Fund Balance SEOPW $250,000 $1,238,723 $15,352,494 $4,524,056 $3,852,496 $4,255,922 $29,473,691 $0 $25,490, 841 $3,982,850 $29,473,691 SEOPW CRA Combined Statement of Revenues and Expenditures for the period ended June 30, 2013 SOUTHEAST OVERTOWN PARK WEST FY 2013 FY 2013 FY 2013 APPROVED AS OF %of BUDGET 6130/2013 Budget Variance SUMMARY REVENUES TAX INCREMENT REVENUES $6,077,969 $6,077,996. $1 -$27 CONTRIBUTION GOVTS-COUNTY $3,709,282 $3,709,255 $1 $27 CHILDREN TRUST FUND CONTRIBUTION 1 $p OTHER REVENUES/CARRYOVER FB 2012 $25,656,532 $30,266 $0 $25,626,266 TOTAL REVENUES $35,443,783 $9,817,517 $0 $25,626,266 I EXPENDITURES 1. 1 COMMUNITY REDEV EXPENSES $33,920,847 $5,435,854 $0 $28,484,993 $874,123 GENERAL GOVERNMENT $1,272,936 $398,813 $0 BUDGET RESERVE $260,000 $0 $250,000 TOTAL EXPENDITURES $36,443,783 $5,834,667 $0 $29,609,116 I REVENUE LESS EXPENDITURES $3,982,850 I 2