HomeMy WebLinkAbout11-00049 01-24-2011 Financial SummaryOMNI
COMMUNITY REDEVELOPMENT AGENCY
FINANCIAL REPORT
December 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
December 31, 2010
Assets
Cash - Unrestricted 1
Cash Reserved For Projects and Operations 2
Total Assets
Liabilities and Fund Balance
Account Payables
FY 2010 Unaudited Fund Balance
Current Year Fiscal Year 2011
Fund Balance
Total Liabilities and Fund Balance
Footnotes:
OMNI
100,000
34,107,693
$34,207,693
$4, 395, 332
29,439,137
373,224
$29,812,361
Cash - Unrestricted
This represents unspent income carried forward from year to year.
Available TIF funds
$34,207,693
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
December 31, 2010
OMNI
FY 2011
FY 2011
FY 2011
APPROVED
AS END
% of
BUDGET
OF Dec
Budget
Variance
SUMMARY
REVENUES
TAX INCREMENT REVENUES
5,800,000;
100.0%
5,800,000
CONTRIBUTION GOVTS-COUNTY
3,700,000°
0.0%
3,700,000
CHILDREN TRUST FUND CONTRIBUTION
-
OTHER REVENUES/CARRYOVER FB 2010
35,547,424
700,097
2.0%
34,847,327
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TOTAL REVENUES
45,047,424
700,097
1.6%
44,347,327
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EXPENDITURES
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COMMUNITY REDEV EXPENSES
44,327,424
326,873
0.7%
44,000,551
GENERAL GOVERNMENT
620,000
0.0%
620,000
BUDGET RESERVE
100,000
0.0%
100,000
TRANSFER INTO FY 2011
TOTAL EXPENDITURES
45,047,424
326,873
0.7%
44,720,551
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REVENUE LESS EXPENDITURES
373,224
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