HomeMy WebLinkAbout12-00020 01-30-12 Financial SummaryOMNI
COMMUNITY REDEVELOPMENT AGENCY
FINANCIAL REPORT
December 31, 2011
ATTACHMENTS
1. COMBINED STATEMENT OF FINANCIAL POSITION
2. COMBINED STATEMENT OF REVENUES AND EXPENDITURES
3. DETAILED CASH RESERVED FOR PROJECTS AND OPERATIONS
OMNI CRA
Combined Statement of Financial Position
December 31, 2011
OMNI
Assets
Cash - Unrestricted $100,000
Cash Allocated For Administration $1,140,958
Cash Allocated For Operations $209,388
Cash Allocated for Infrastructure $19,450,017
Cash Allocated for FY 2012 PAC Payment $2,513,119
Cash Allocated for Other Redevelopment Expenditures $3,055,766
Total Assets $26,469,248
Liabilities and Fund Balance
Account Payables
Due to General Operating Fund $148,234
FY 2011 Fund Balance (Unaudited) $29,704,257
Current Year Fiscal Year 2012 (3,383,243)
Fund Balance $26,321,014
Total Liabilities and Fund Balance $26,469,248
OMNI CRA
Combined Statement of Revenues and Expenditures
for the period ended
December 31, 2011
OMNI
FY 2012
FY 2012
FY 2012
APPROVED
AS END
% of
BUDGET
OF Dec
Budget
Variance
SUMMARY
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REVENUES
TAX INCREMENT REVENUES
$3,142,175
$2,764,458
$1
$377,717
CONTRIBUTION GOVTS-COUNTY
$1,980,954
$1,760,167
$1
$220,787
CHILDREN TRUST FUND CONTRIBUTION
$0
OTHER REVENUES/CARRYOVER FB 2011
$30,072,222
$0
$30,072,222
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TOTAL REVENUES
$35,195,351
$4,524,625
$0
$30,670,726
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EXPENDITURES
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COMMUNITY REDEV EXPENSES
$34,067,799
$7,759,634
$0
$26,308,165
GENERAL GOVERNMENT
$927,552
$148,234
$0
$779,318
BUDGET RESERVE
$200,000
$0
$200,000
TRANSFER INTO FY 2012
TOTAL EXPENDITURES
$35,195,351
$7,907,868
$0
$27,287,483
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REVENUE LESS EXPENDITURES
-$3,383,243
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