HomeMy WebLinkAbout07-00631 Financial SummarySOUTHEAST OVERTOWN PARKWEST AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
FINANCIAL REPORT
April 30, 2007
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
April 30, 2007
Assets
Cash - Unrestricted
2 Cash Reserved For Projects and Operations
Total Assets
Liabilities and Fund Balance
Account Payables
Audited Fund Balance - FY 2006
Current Year Fiscal Year 2007
Total Liabilities and Fund Balance
Footnotes:
SEOPW OMNI Total
$ 80,000 $ 100,000 $ 180,000
12,570,966 18,066,951 30,637,917
12,650,966
6,934,714
5,716,252
18,166,951 30,817,917
9,943,481 16,878,195
8,223,470 13,939,722
1 Cash - Unrestricted
This represents unspent income carried forward from year to year.
Available TIF funds
$12,650,966 $ 18,166,951 $30,817,917
SEOPW OMNI
80,000 100,000
80,000 100,000
2 Cash Reserved For Projects and Operations
This portion of cash includes reserves authorized by the Board for specific uses. These include specific
projects and general administrative expenses to ensure continuity of operations. Additionally, pursuant to
Resolution Number CRA-R-06-0045, passed and adopted on October 30, 2006, the SEOPW CRA has
committed to budget $30 million in TIF revenue over the next five years for the rehabilitation and construction
of low income, affordable, and workforce housing in the Overtown Community Redevelopment Area. As of this
date, $24,000 have been expended for this purpose out of the $746,744 budgeted for these specific projects.
1
SEOPW CRA and OMNI CRA
Combined Statement of Revenues and Expenditures
for the period ended April 30, 2007
File: Financial Report - May 2007 Agenda.xis
2 5/4/2007