HomeMy WebLinkAbout06-00580 Financial SummarySOUTHEAST OVERTOWN PARKWEST AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
FINANCIAL REPORT
APRIL 24, 2006
ATTACHMENTS
I. COMBINED STATEMENT OF FINANCIAL POSITION - ALL FUNDS
2. COMBINED STATEMENT OF REVENUES AND EXPENDITURES
SEOPW CRA and OMNI CRA
Combined Statement of Financial Positions
March 31, 2006
Assets
1 Cash - Unrestricted
2 Cash related to Operating Activities
3 Cash related to Reserves and Other
Total Assets
Liabilities and Fund
Account Payables
Accounts
Balance
Audited Fund Balance - FY 2005
Current Year
Total Liabilities and Fund Balance
Footnotes:
SEOPW OMNI
Total
$ 551,042
1,510,000
5,400,471
7,461,513
$ 795,914
1,540,000
11,583,013
13,918,927
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
$ 1,346,956
3,050,000
16,983,484
21,380,440
4,393,969 7,613,012 12,006,981
3,067,544 6,305,915 9,373,459
$ 7,461,513 $ 13,918,927 $21,380,440
SEOPW OMNI
4,298 795,914
505,000
41,744
551,042 795,914
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 March 31, 2006
SUM MARY
REVENUES
TAX INCREMENT REVENUES
CONTRIBUTION GOVTS-COUNTY
OTHER REVENUES
TOTAL REVENUES
EXPENDITURES
COMMUNITY REDEV EXPENSES
GENERAL GOVERNMENT
BUDGET RESERVE
TOTAL EXPENDITURES
I I
REVENUE LESS EXPENDITURES
SOUTHEAST OVERTOWN PARK WEST
FY 2006
FY 2006
FY 2006
REVISED
AS END
% of
BUDGET
OF MAR
Budget
Variance
2,495,666
2,495,666
100.0%
-
1,714,153
1,714,153
100.0%
-
4,111,500
48,353
1.2%
4,063,147
8,321,319
4,258,172
51.2%
4,063,147
7,573,763
994,114
13.1%
6,579,649
196,514
196,514
100.0%
-
551,042
0.0%
551,042
8,321,319
1,190,628
14.3%
7,130,691
-
3,067,544
File: Financial Report - April 24 2006 Agenda.xls.xis 2
OMNI
FY 2006
FY 2006
FY 2006
REVISED
AS END
% of
BUDGET
OF MAR
Budget
Variance
5,372,708
5,372,708
100.0%
-
3,689,181
3,689,181
100.0%
7,021,500
45,057
0.6%
6,976,443
16,083,389
9,106,946
56.6%
6,976,443
14,287,475
1,1301,031
12.6%
12,486,444
1,000,000
1,000,000
100.0%
-
795,914
795,914
16,083,389
2,801,031
17.4%
13,282,358
6,305,915
4/102006