HomeMy WebLinkAbout06-01211 Financial SummarySOUTHEAST OVERTOWN PARKWEST AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
FINANCIAL REPORT
JUNE 30, 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
June 30, 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.
Available TIF funds
Available from Bayview Tower land Sale
Available from JEJ Parking Lot (P-5) Mortgage Payoff
$ 551,042 $ 75,000 $ 626,042
2,113,636
4,587,811
7,252,489
2,467,198 4,580,834
11,103,894 15,691,705
13,646,092 20,898,581
4,393,969 7,613,012 12,006,981
2,858,520 6,033,080 8,891,600
$ 7,252,489 $ 13,646,092 $20,898,581
SEOPW OMNI
4,298 75,000
505,000
41,744
551,042 75,000
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 June 30, 2006
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 JUNE
Budget
Variance
BUDGET
JUNE
Budget
Variance
SUMMARY
-
REVENUES
TAX INCREMENT REVENUES
2,495,666
2,495,666
100.0%
-
5,372,708
5,372,708
100.0%
-
CONTRIBUTION COOTS -COUNTY
1,714,153
1,714,153
100.0%
-
3,689,181
3,689,181
100.0%
-
OTHER REVENUES
4,111,500
104,386
2.5%
4,007,114
7,021,500
178,602
2.5%
6,842,898
TOTAL REVENUES
8,321,319
4,314,205
51.8%
4,007,114
16,063,389
9,240,491
57.5%
6,842,898
1
EXPENDITURES
I
COMMUNITY REDEV EXPENSES
7,573,763
1,259,171
16.6%
6,314,592
14,287,475
2,207,411
15.4%
12,080,064
GENERAL GOVERNMENT
196,514
196,514
100.0%
-
1,000,000
1,000,000
100.0%
-
BUDGET RESERVE
551,042
0.0%
551,042
795,914
795,914
TOTAL EXPENDITURES
8,321,319
1,455,685
17.5%
6,865,634
16,083,389
3,207,411
19.9%
12,875,978
I 1
REVENUE LESS EXPENDITURES
2,858,520
6,033,080
I
File: Financial Report - July 31 2006 Agenda.xls.xls 2 7/1712006