HomeMy WebLinkAbout12-00023 1-30-12 Financial SummarySEOPW
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
SEOPW CRA
Combined Statement of Financial Position
December 31, 2011
SEOPW
Assets
Cash - Unrestricted $100,000
Cash Allocated For Administration $1,100,961
Cash Allocated for Operations $492,695
Cash Allocated For Residential Developments $13,679,811
Cash Allocated For Other Redevelopment Expenditures $6,917,573
Cash Allocated For Infrastructure $4,776,944
Cash Allocated For Park and Open Spaces $5,241,470
Total Assets $32,309,454
Liabilities and Fund Balance
Account Payables
Due to General Operating Fund $148,234
FY 2011 Fund Balance (Unaudited) $24,808,905
Current Year Fiscal Year 2012 $7,352,315
Total Liabilities and Fund Balance $32,309,454
SEOPW CRA
Combined Statement of Revenues and Expenditures
for the period ended
December 31, 2011
SOUTHEAST OVERTOWN PARK WEST
FY 2012
FY 2012
FY 2012
APPROVED
AS END
% of
BUDGET
OF Dec
Budget
Variance
SUMMARY
REVENUES
TAX INCREMENT REVENUES
$5,188,446
$4,951,081
$1
$237,365
CONTRIBUTION GOVTS-COUNTY
$3,271,006
$3,147,216
$1
$123,790
CHILDREN TRUST FUND CONTRIBUTION
$0
$0
OTHER REVENUES/CARRYOVER FB 2011
$25,367,764
$0
$25,367,764
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TOTAL REVENUES
$33,827,216
$8,098,297
$0
$25,728,919
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EXPENDITURES
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COMMUNITY REDEV EXPENSES
$32,626,258
$597,748
$0
$32,028,510
GENERAL GOVERNMENT
$1,000,958
$148,234
$0
$852,725
BUDGET RESERVE
$200,000
$0
$200,000
TRANSFER INTO FY 2012
TOTAL EXPENDITURES
$33,827,216
$745,982
$0
$24,427,874
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REVENUE LESS EXPENDITURES
$7,352,315
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