HomeMy WebLinkAbout11-00963 10-24-2011 Financial SummaryOMNI
COMMUNITY REDEVELOPMENT AGENCY
FINANCIAL REPORT
September 30, 2011
ATTACHMENTS
1. COMBINED STATEMENT OF FINANCIAL POSITION — ALL FUNDS
2. COMBINED STATEMENT OF REVENUES AND EXPENDITURES
OMNI CRA
Combined Statement of Financial Position
September 30, 2011
Assets
Cash - Unrestricted t
Cash Reserved For Projects and Operations 2
Total Assets
Liabilities and Fund Balance
Account Payables
Due to General Operating Fund
FY 2010 Audited Fund Balance
Current Year Fiscal Year 2011
Fund Balance
Total Liabilities and Fund Balance
Footnotes;
OMNI
$120,000
$30,155,754
$30,275,754
$600, 000
$29,768,796
(93,042)
$29,675,754
1 Cash - Unrestricted
This represents unspent income carried forward from year to year.
Available TIF funds
$30,275,754
OMNI
$120,000
$120,000
2 Cash - Reserved For Protects 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
September 30, 2011
OMNI
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FY 2011
FY 2011
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AS END
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Budget
Variance
SUMMARY
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REVENUES
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TAX INCREMENT REVENUES
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$6,336,988
$1
$0
CONTRIBUTION GOVTS-COUNTY
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$3,852,638
$1
$0
CHILDREN TRUST FUND CONTRIBUTION
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$413,563
-$413,583
OTHER REVENUES/CARRYOVER FB 2010
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$ 1,191813
$0
$28,576,983
TOTAL REVENUES
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$10,795,002
$0
$28,163,420
EXPENDITURES
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COMMUNITY REDEV EXPENSES
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$10,288,044
$0
$27,950,378
GENERAL GOVERNMENT
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S600,000
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BUDGET RESERVE
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$0
$120,000
TRANSFER INTO FY 2011
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TOTAL EXPENDITURES
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$10,888,044
$0
$28,070,378
REVENUE LESS EXPENDITURES;
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493,041