CAFR 2016

Schedule 25

South Elm Street Redevelopment Fund Schedule of Revenues and Expenditures - Budget and Actual From Project Inception and For the Fiscal Year Ended June 30, 2016

Actual Current

Project

Prior Years

Total

Authorization

Year

To Date

Revenues:

Intergovernmental: EPA Brownsfield Assessment South Elm Street BEDI - 2005

$

600,000 2,000,000 2,600,000

$

600,000 2,000,000 2,600,000

$

$

600,000 2,000,000 2,600,000

Total Intergovernmental Revenue

Investment Income (Loss)

(5,181)

221

(4,960)

Miscellaneous: Rent

84,116

11,612

95,728

Total Revenues

2,600,000

2,678,935

11,833

2,690,768

Expenditures: Neighborhood Development:

South Elm Street Section 108 Project EPA Brownsfield Assessment South Elm Street BEDI - 2005

3,000,000 600,000 2,000,000

3,000,000 600,000 2,000,000

3,000,000 600,000 2,000,000

Total Expenditures

5,600,000

5,600,000

5,600,000

Excess of Revenues Over (Under) Expenditures

(3,000,000)

(2,921,065)

11,833

(2,909,232)

Other Financing Sources (Uses): Debt Issuances: Federal Loan Program - HUD

5,186,000 (2,186,000) 3,000,000

5,186,000 (2,186,000) 3,000,000

5,186,000 (2,186,000) 3,000,000

Payment to Escrow Agent for Refunding of Debt

Total Other Financing Sources (Uses)

Excess of Revenues and Other Financing Sources Over Expenditures and Other Financing (Uses)

$

78,935

11,833

90,768

Fund Balance - July 1

78,935

Fund Balance - June 30

$

78,935

$

90,768

$

90,768

-78-