HomeMy WebLinkAbout05-01560 Financial SummarySOUTHEAST OVERTOWN PARKWEST AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
FINANCIAL REPORT
DECEMBER 31, 2005
ATTACHMENTS
1. COMBINED STATEMENT OF FINANCIAL POSITION - ALL FUNDS
2. COMBINED STATEMENT OF REVENUES AND EXPENDITURES
SEOPW CRA and OMNI CRA
Combined Statement of Financial Positions
December 31, 2005
Assets
1 Cash - Unrestricted
2 Cash related to Operating Activities
3 Cash related to Reserves and Other Accounts
Total Assets
Liabilities and Fund Balance
Account Payables
Audited Fund Balance - FY 2005
Current Year
Total Liabilities and Fund Balance
Footnotes:
SEOPW OMNI
Total
$ 576,042
294,625
4,668,422
5,539,089
$ 795,914
2,205,758
7,954,577
10,956,249
$ 1,371,956
2,500,383
12,622,999
16,495,338
1 Cash - Unrestricted
This represents unspent income carried forward from year to year.
Available TIF funds
Available from Bayview Tower land Sale
Available from JEJ Parking Lot (P-5) Mortgage Payoff
4,393,969 7,613,012 12,006,981
1,145,120 3,343,237 4,488,357
$ 5,539,089 $ 10,956,249 $16,495,338
SEOPW OMNI
29,298 795,914
505,000
41,744
576,042 795,914
2 Cash related to Operating Activities
This represents cash set aside for payment of projects awaiting for Board's approval and other community
redevelopment/general administrative purposes to ensure continuity of operations.
3 Cash related to Reserves and Other Accounts
This portion of cash includes reserves and other accounts authorized by the Board for specific purposes.
1
SEOPW CRA and OMNI CRA
Combined Statement of Revenues and Expenditures
for the period ended December 31, 2005
SOUTHEAST OVERTOWN PARK WEST
OMNI
FY 2006
FY 2006
FY 2006
FY 2006
FY 2006
FY 2006
REVISED
AS END
% of
REVISED
AS END
% of
BUDGET
OF SEPT
Budget
Variance
BUDGET
OF SEPT
Budget
Variance
SUMMARY
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REVENUES
TAX INCREMENT REVENUES
2,495,666
0.0%
2,495,666
5,372,708
0.0%
5,372,708
CONTRIBUTION GOVTS-COUNTY
1,714,153
1,714,153
100.0%
-
3,689,181
3,689,181
100.0%
-
OTHER REVENUES
4,111,500
6,738
0.2%
4,104,762
7,021,500
7,670
0.1%
7,013,830
TOTAL REVENUES
8,321,319
1,720,891
20.7%
6,600,428
16,083,389
3,696,851
23.0%
12,386,538
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EXPENDITURES
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COMMUNITY REDEV EXPENSES
7,548,763
575,771
7.6%
6,972,992
` 14,287,475
353,613
2.5%
13,933,862
GENERAL GOVERNMENT
196,514
0.0%
196,514
1,000,000
0.0%
1,000,000
BUDGET RESERVE
576,042
0.0%
576,042
795,914
795,914
TOTAL EXPENDITURES
8,321,319
575,771
6.9%
7,745,548
16,083,389
353,613
2.2%
15,729,776
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REVENUE LESS EXPENDITURES
1,145,120
3,343,237
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File: Financial Report - January 2006 Agenda.xls 2 1/12/2006