HomeMy WebLinkAbout06-00276 Financial Summary•
SOUTHEAST OVERTOWN PARKWEST AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
FINANCIAL REPORT
MARCH 27, 2006
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 February 28, 2006
Assets
1 Cash - Unrestricted
2 Cash related to Operating Activities
3 Cash related to Reserves and Other Accounts
Total Assets
SEOPW OMNI Total
$ 576,042 $ 795,914 $ 1,371,956
2,487,806 6,755,924 9,243,730
4,469,309 7,806,819 12,276,128
7,533,157 15,358,657 22,891,814
Liabilities and Fund Balance
Account Payables
Audited Fund Balance - FY 2005 4,393,969 7,613,012 12,006,981
Current Year 3,139,188 7,745,645 10,884,833
Total Liabilities and Fund Balance $ 7,533,157 $ 15,358,657 $22,891,814
Sootnotes:
•
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
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 February 28, 2006
SUMMARY
REVENUES
TAX INCREMENT REVENUES
CONTRIBUTION GOUTS -COUNTY
OTHER REVENUES
TOTAL REVENUES
EXPENDITURES
COMMUNITY REDEV EXPENSES
GENERAL GOVERNMENT
BUDGET RESERVE
TOTAL EXPENDITURES
REVENUE LESS EXPENDITURES
SOUTHEAST OVERTOWN PARK WEST
FY 2006
FY 2006
FY 2006
REVISED
AS END
% of
BUDGET
OF FEB
Budget
Variance
2,495,666
2,495,666
100.0%
-
1,714,153
1,714,153
100.0%
-
4,111,500
34,831
0.8%
4,076,669
8,321,319
4,244,650
51.0%
4,076.669
7,548,763
908,948
12.0%
6,639,815
198,514
196,514
100.0%
576,042
0.0%
576,042
8,321,319
1,105,462
13.3%
7,215,857
3,139,188
FY 2006
REVISED
BUDGET
5,372,708
3,689,181
7,021,500
16,083,389
14,287,475
1,000,000
795,914
16,083,389
OMNI
FY 2006
FY 2006
AS END
% of
Budget
Variance
5,372,708
100.0%
-
3,689,181
100.0%
_
45,057
0.6%
6,976,443
9,106,946
56.6%
6,976,443
381,301
2.5%
13, 926,174
1,000,000
100.0%
-
795,914
1,361,301
8.5%
14,722,088
7,745,645
File: Financial Report - March 27 2006 Agenda,xls.xls 2 3/8/2006