CAFR 2017

Schedule 31

South Elm Street Redevelopment Fund Schedule of Revenues and Expenditures - Budget and Actual From Project Inception and For the Fiscal Year Ended June 30, 2017

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)

389

(4,960)

(4,960)

Miscellaneous: Rent

90,379

95,728

95,728

Total Revenues

2,690,768

2,690,768

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

(2,909,232)

(2,909,232)

(2,909,232)

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

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

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

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

Payment to Escrow Agent for Refunding of Debt

Transfer Out

(90,768)

(90,768) (90,768)

(90,768)

Total Other Financing Sources (Uses)

2,909,232

3,000,000

2,909,232

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

$

90,768

(90,768)

Fund Balance - July 1

90,768

Fund Balance - June 30

$

90,768

$

$

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