CRA Annual Report 20/21 | Page 48

City of Port St . Lucie , Florida Community Redevelopment Agency Schedule of Revenue , Expenditures and Changes in Fund Balance Budget and Actual For the Year Ended September 30 , 2021
Original Budget
Final Budget
Actual
Variance with Final Positive ( Negative )
Revenues Intergovernmental
$
2,261,550 $
2,402,993
$
2,316,697 $
( 86,296 )
Interest income
9,000
9,000
187
( 8,813 )
Other
20,600
20,600
15,048
( 5,552 )
Total revenues
2,291,150
2,432,593
2,331,932
( 100,661 )
Expenditures Economic environment
934,995
1,341,518
1,148,602
192,916
Capital outlay
-
-
115,326
( 115,326 )
Debt Service Principal
3,585,000
3,585,000
3,585,000
-
Interest
1,293,125
1,293,125
1,293,125
-
Total expenditures 5,813,120 6,219,643 6,142,053 77,590
Excess ( deficiency ) of revenues over ( under ) expenses
( 3,521,970 )
( 3,787,050 )
( 3,810,121 )
( 23,071 )
Transfers in
1,631,268
1,866,348
1,862,946
( 3,402 )
Transfers out
( 48,695 )
( 48,695 )
( 960 )
47,735
Proceeds from sale of assets
1,800,000
1,800,000
1,800,000
-
Total other financing sources ( uses ) 3,382,573 3,617,653 3,661,986 44,333 Net change in budgetary fund balances ( 139,397 ) ( 169,397 ) ( 148,135 ) 21,262 Fund balances , beginning of year 243,959 Fund balances , end of year $ 95,824
The notes to the financial statements are an integral part of this statement . 14