HomeMy WebLinkAbout10-01192 Financial Summary 10-14-2010SEOPW
COMMUNITY REDEVELOPMENT AGENCY
FINANCIAL REPORT
September 30, 2010
ATTACHMENTS
1. COMBINED STATEMENT OF FINANCIAL POSITION — ALL FUNDS
2. COMBINED STATEMENT OF REVENUES AND EXPENDITURES
SEOPW CRA
Combined Statement of Financial Position
September 30, 2010
Assets
Cash - Unrestricted'
Cash Reserved For Projects and Operations 2
Total Assets
Liabilities and Fund Balance
Account Payables
SEOPW
100,000
24,589,169
$24,689,169
Audited Fund Balance FY 2009 16,483,835
Current Year Fiscal Year 2010 8,205,334
Total Liabilities and Fund Balance $ 24,689,169
Footnotes:
Cash - Unrestricted
This represents unspent income carried forward from year to year.
Available TIF funds
2 Cash - Reserved For Projects and Operations
SEOPW
100,000
$100,000
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.
SEOPW CRA
Combined Statement of Revenues and Expenditures
for the period ended
September 30, 2010
SOUTHEAST OVERTOWN PARK WEST
FY 2010
FY 2010
FY 2010
APPROVED/
AMENDED
AS END
% of
BUDGET
OF Sept
Budget
Variance
SUMMARY
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REVENUES
TAX INCREMENT REVENUES
6,270,714
6,270,444
100.0%
270
CONTRIBUTION GOVTS-COUNTY
3,955,532
3,955,532
100.0%
-
CHILDREN TRUST FUND CONTRIBUTION
454,707
454,707
100.0%
-
OTHER REVENUES/CARRYOVER FB 2009
16,640,974
1,050,328
6.3%
15,590,646
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TOTAL REVENUES
27,321,927
11,731,011
42.9%
15,590,916
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EXPENDITURES
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COMMUNITY REDEV EXPENSES
26,399,543
3,525,677
13.4%
22,873,866
GENERAL GOVERNMENT
822,384
0.0%
822,384
BUDGET RESERVE
100,000
0.0%
100,000
TRANSFER INTO FY 2010
TOTAL EXPENDITURES
27,321,927
3,525,677
12.9%
23,796,250
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REVENUE LESS EXPENDITURES
8,205,334
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