HomeMy WebLinkAbout14-00149 Financial SummarySoutheast Overtown Park West
Community Redevelopment Agency
Financial Summary
January 31, 2014
SEOPW CRA
Combined Statement of Financial Position
January 31, 2014
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 2013 Fund Balance (Audited)
Current Year Fiscal Year 2014
Total Liabilities and Fund Balance
SEOPW
$240, 000•
$2,580,251
$29,896,448
$7,678,463
$3,130,754
$5,251,559
$48,777,475
$0
$27,960,526
$20,816,949
$48,777,475
SEOPW CRA
Combined Statement of Revenues and Expenditures
for the period ended
January 31, 2014
SOUTHEAST OVERTOWN PARK WEST
FY 2014
FY 2014
FY 2044 H FY 2014
APPROVED
AMENDED
AS OF
% of
BUDGET
1/31/2014
Budget
Variance
SUMMARY
REVENUES
'TAX
INCREMENT REVENUES
$7,543,853
$7,543,852
100%
$1
CONTRIBUTION GOVTS-COUNTY
$4,687,456
$3,955,532
84%
$731,924
CHILDREN TRUST FUND CONTRIBUTION
0.06%
$0
OTHER REVENUES/CARRYOVER FB 2013
$28,703,530
$10,469,859
36.48%
$18,233,671
TOTAL REVENUES
$40,934,839
$21,969,243
54%
$18,965,596
EXPENDITURES
COMMUNITY REDEV EXPENSES
$39,336,688
$325,088
1%
$39,011,600
GENERAL GOVERNMENT
$1,358,151
$827,206
61%
$530,945
BUDGET RESERVE
r $240,D00
0%
$240 ,000
TOTAL EXPENDITURES
$40,934,839''
$1,152,294
3%
$39,782,545
l I'
REVENUE LESS EXPENDITURES
. $20,816,949
2