|
CHANGES IN FINANCIAL POSITION
<br />JOINT PROJECT AREA
<br />REVENUES:
<br />2008-09 2009-10 2010-11
<br />Actual Adjusted Proposed
<br />Property tax increments $ 2,910,463 $ 3,360,728 $ 3,084,576
<br />Use of money and property 665,989 132,821 113;000
<br />Other 56,456 2,100 0
<br />Total Revenues 3,632,908 3,495,649 3,197,576
<br />EXPENDITURES:
<br />Current:
<br />Salaries and benefits 474,953 330,877 333,588
<br />Contractual and other services 5,969,247 18,211,359 211,670
<br />Materials and supplies 3,166 3,650 3,650
<br />Capital Outlay 6,178,397 1,300,000 0
<br />Other Operating Costs 195,253 254,217 85,243
<br />Debt Service:
<br />Principal retirement 158,518 701,058 140,416
<br />Interest and fiscal charges 232,366 194,275 128,061
<br />Total Expenditures 13,211,900 20,995,436 902,628
<br />REVENUE OVER/(UNDER) EXPENSES
<br />(9,578,992) (17,499,787) 2,294,948
<br />OTHER FINANCING SOURCES (USES)
<br />Proceeds from issuance of debt
<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 />27,725,655 0 0
<br />0 0 0
<br />(4,596,895) (2,664,080) (2,618,178)
<br />23,128,760 (2,664,080) (2,618,178)
<br />13,549,768 (20,163,867) (323,230)
<br />FUND BALANCES:
<br />Beginning of year
<br />End of year
<br />2,760,859 16,310,627 $ (3,853,240)
<br />$ 16,310,627 $ (3,853,240) $ (4,176,470)
<br />
|