HomeMy WebLinkAbout10-01074 Financial Summary 09-20-2010OMNI
COMMUNITY REDEVELOPMENT AGENCY
FINANCIAL REPORT
August 31, 2010
ATTACHMENTS
1. COMBINED STATEMENT OF FINANCIAL POSITION — ALL FUNDS
2. COMBINED STATEMENT OF REVENUES AND EXPENDITURES
OMNI CRA
Combined Statement of Financial Position
August 31, 2010
Assets
Cash - Unrestricted 1
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
35,565,537
$35,665,537
30,482,017
5,183,520
$ 35,665,537
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
August 31, 2010
OMNI
FY2010
FY 2010
FY 2010
4P F,k OVED1
AMENDED
AS END
% of
BUDGET
OF August
Budget
Variance
SUMMARY
REVENUES
TAX INCREMENT REVENUES
236�5�d7
8,238,547
100.0%
CONTRIBUTION GOVTS-COUNTY
!7
5,195,407
100.0%
CHILDREN TRUST FUND CONTRIBUTION
667,028
100.0%
OTHER REVENUES/CARRYOVER FB 2009
51,856
0.2%
29, 863,133
TOTAL REVENUES
14,015,971-,
14,152,838
32.2%
29,863,133
EXPENDITURES
COMMUNITY REDEV EXPENSES
8,969,318
20.8%
34,230,253
GENERAL GOVERNMENT
,00
0.0%
716,400
BUDGET RESERVE
100,000
TRANSFER INTO FY 2010
TOTAL EXPENDITURES
44,015,971
8,969,318
19.0%
35,669,987
REVENUE LESS EXPENDITURES
5,183,520