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CHANGES IN FINANCIAL POSITION
<br />PLAZA PROJECT AREA
<br />REVENUES:
<br />2008-09 2009-10 2010-11
<br />Actual Adjusted Proposed
<br />Property tax increments $ 2,220,141 $ 2,194,967 $ 2,170,118
<br />Use of money and property 224,771 118,428 67,437
<br />Other 124,416 118,119 128,978
<br />Total Revenues 2,569,328 2,431,514 2,366,533
<br />EXPENDITURES:
<br />Current:
<br />Salaries and benefits 289,964 66,570 66,222
<br />Contractual and other services 2,924,188 1,125,397 290,533
<br />Materials and supplies 666 1,250 1,250
<br />Capital Outlay 10,000 0 0
<br />Other Operating Costs 161,681 180,947 132,177
<br />Debt Service:
<br />Principal retirement 0 0 0
<br />Interest and fiscal charges 155,784 300,000 300,000
<br />Total Expenditures 3,542,283 1,674,164 790,182
<br />
<br />
<br />REVENUE OVER/(UNDER) EXPENSES (972,955) 757,350 1,576,351
<br />OTHER FINANCING SOURCES (USES)
<br />Operating transfers in
<br />Operating transfers out
<br />Total other financing sources (uses)
<br />REVENUES AND OTHER FINANCING SOURCES
<br />OVER (UNDER) EXPENDITURES AND OTHER
<br />FINANCING SOURCES
<br />0 0
<br />(1,340,397) (1,612,001) (1,610,700)
<br />(1,340,397) (1,612,001) (1,610,700)
<br />(2,313,352) (854,651) (34,349)
<br />FUND BALANCES:
<br />Beginning of year
<br />End of year
<br />4,341,935 2,028,583 $ 1,173,932
<br />$ 2,028,583 $ 1,173,932 $ 1,139,583
<br />
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