HomeMy WebLinkAbout06-00916 Financial SummarySOUTHEAST OVERTOWN PARKWEST AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
FINANCIAL REPORT
JUNE 26, 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 Position May 31, 2006
SEOPW OMNI
Total
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:
1 Cash - Unrestricted
This represents unspent income carried forward from year to year.
$ 551,042 $ 795,914
2,211,406 2,390,000
4,589,876 10,498,776
7,352,324 13,684,690
$ 1,346,956
4,601,406
15,088,652
21,037,014
4,393,969 7,613,012 12,006,981
2,958,355 6,071,678 9,030,033
$ 7,352,324 $ 13,684,690 $21,037,014
SEOPW OMNI
Available TIF funds 4,298 795,914
Available from Bayview Tower land Sale 505,000
Available from JEJ Parking Lot (P-5) Mortgage Payoff 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 May 31, 2006
SOUTHEAST OVERTOWN PARK WEST
OMNI
FY 2006 e
FY 2006
FY 2006
FY 2006 -''
FY 2006
FY 2006
REVISED . `i
AS END
% of
REVISED
AS END
% of
BUDGET :+.
OF MAY
Budget
Variance
BUDGET ..,.'
MAY
Budget
Variance
SUMMARY
REVENUES
TAX INCREMENT REVENUES
2,495,666
2,495,666
100.0%
-
5,372,708
5,372,708
100.0%
-
CONTRIBUTION GOVTS-COUNTY
1,714,153
1,714,153
100.0%
-
3,689,181
3,689,181
100.0%
-
OTHER REVENUES
4,111,500
84,159
2.0%
4,027,341
7,021,500
139,850
2.0%
6,881,850
TOTAL REVENUES
8,321,319
4,293,978
51.6%
4,027,341
16,083,389
9,201,739
57.2%
6,881,650
I
EXPENDITURES
COMMUNITY REDEV EXPENSES
7,548,763
1,139,108
15.1%
6,409,655
14,287,475
2,130,061
14.9%
12,157,414
GENERAL GOVERNMENT
196,514
196,514
100.0%
-
1,000,000
1,000,000
100.0%
-
BUDGET RESERVE
576,042
0.0%
576,042
...:795,914
795,914
TOTAL EXPENDITURES
8,321,319
1,335,622
16.1%
6,985,697
16,083,389
3,130,061
19.5%
12,953,328
I
REVENUE LESS EXPENDITURES
2,958,355
6,071,678
I
File: Financial Report - June 26 2006 Agenda.xls 2 6/1/2006