HomeMy WebLinkAbout06-01466 Financial SummarySOU'I'IIEAST OVERTOWN PARKWEST AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
FINANCIAL REPORT
AUGUST 31, 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
August 31, 2006
Assets
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
SEOPW OMNI Total
$ 551,042 $ 50,000 $ 601,042
1,755,204 2,200,580 3,955,784
4,801,464 9,509,714 14,311,178
7,107,710 11,760,294 18,868,004
4,393,969 7,613,012 12,006,981
2,713,741 4,147,282 6,861,023
$ 7,107,710 $ 11,760,294 $18,868,004
SEOPW OMNI
4,298 50,000
505,000
41,744
551,042 50,000
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.
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SEOPW CRA and OMNI CRA
Combined Statement of Revenues and Expenditures
for the period ended August 31, 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
% or
BUDGET
OF AUG
Budget
Variance
BUDGET
OF AUG
Budget
Variance
SUMMARY
REVENUES
TAX INCREMENT REVENUES
2,495,666
2,495,666
100.0%
-
5,372,708
5,372,708
100.0%
-
CONTRIBUTION GOUTS -COUNTY
1,714,153
1,714,153
100.0%
3,689,181
3,689,181
100.0%
-
OTHER REVENUES
4,111,500
161,784
3.9%
3,949,716
7,021,500
286,100
4.1%
6,735,400
TOTAL REVENUES
8,321,319
4,371,603
52.5%
3,949,716
_
18,083,389'
9,347,989
' 58.1%
6,735,400
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EXPENDITURES
I
COMMUNITY REDEV EXPENSES
7,573,763
1,461,348
19.3%
6,112,415
14,287,475
4,200,707
29.4%
10,066,768
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
1,657,882
19.9%
6,663,457
16,083,389
5,200,707
32.3%
10,882,682
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REVENUE LESS EXPENDITURES
2,713,741
4,147,282
.
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File: Financial Report - September 25 2006 Agenda.xis 2 9/7/2006