HomeMy WebLinkAbout10-00299 Financial Report 03-11-2010OMNI
COMMUNITY REDEVELOPMENT AGENCY
FINANCIAL REPORT
February 28, 2010
ATTACHMENTS
1. COMBINED STATEMENT OF FINANCIAL POSITION — ALL FUNDS
2. COMBINED STATEMENT OF REVENUES AND EXPENDITURES
OMNI CRA
Combined Statement of Financial Position
February 28, 2010
Assets
Cash - Unrestricted'
Cash Reserved For Projects and Operations 2
Total Assets
Liabilities and Fund Balance
Account Payables
Audited Fund Balance FY 2009
Current Year Fiscal Year 2010
Total Liabilities and Fund Balance
OMNI
100,000
43,018,866
43.118, 866
30,482,017
12,636,849
$ 43,118,866
Footnotes:
Cash - Unrestricted
This represents unspent income carried forward from year to year.
Available TIF funds
OMNI
100,000
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.
OMNI CRA
Combined Statement of Revenues and Expenditures
for the period ended
February 28, 2010
OMNI
'FY 2010
FY 2010
FY 2010
APPROVED
AS END
%af
BUDGET
OF Feb
Budget
Variance
SUMMARY
I
REVENUES
TAX INCREMENT REVENUES
8,925,576,
8.238,547
92.3%
687,029
CONTRIBUTION GOUTS -COUNTY
5,597,328
L 5,195,407
92.8%
401,921
OTHER REVENUES/CARRYOVER FB 2009
33,193,8731
8,688
0.0%
33,185,185
1
TOTAL REVENUES
47,716,777
13,442,642
28.2%
34,274,135
I
EXPENDITURES
1
COMMUNITY REDEV EXPENSES
46.933,267
805.793
1.7%
46,127,474
GENERAL GOVERNMENT
1683,510 !
0.0%
683,510
BUDGET RESERVE
100,0001
100.000
TRANSFER INTO FY 2010
J
TOTAL EXPENDITURES
47,716,7771
805,793
1.70/
46,910,984
1 I
REVENUE LESS EXPENDITURES
12,636,849
1 I
File: OMNI Financial Report - February 2010 Agenda Presentei2an 3-11-2010.xls 3/5/2010