TABLE 2 : Schedule of Revenues , Expenditures and Changes in Fund Balance , Budget and Actual – Community Redevelopment Fund , Year Ended September 30 , 2021
|
Original
Budget Amount
|
Final Budget
Amount
|
Actual Amount |
Budget PY
Encumbrance
|
Budget CY
Encumbrance
|
Actual on
Budgetary
Basis
|
Variance with Final Budget Positive ( Negative ) |
Revenues
Intergovernmental ( SLC Ad Valorem Revenue )
Interest Income on Investments
2,261,550 2,402,993 2,316,697 - - 2,316,697 ( 86,296 )
9,000 9,000 187 - - 187 ( 8,813 )
Other 20,600 20,600 15,048 - - 15,048 ( 5,552 )
Total Revenue 2,291,150 2,432,593 2,331,932 - - 2,331,932 ( 100,661 )
Expenditures
Operating Expenditures 934,995 1,341,518 1,148,601 - - 1,148,601 ( 192,917 )
Capital Outlay - - 115,326 - - 115,326 115,326
Principal 3,585,000 3,585,000 3,585,000 - - 3,585,000 -
Interest 1,293,125 1,293,125 1,293,125 - - 1,293,125 -
Interfund Transfer 47,735 47,735 960 - - 960 ( 46,775 )
Total Expenditures 5,860,855 6,267,378 6,143,012 - - 6,143,012 ( 124,366 )
Excess of Revenues over ( under ) expenditures
( 3,569,705 ) ( 3,834,785 ) ( 3,811,080 ) - - ( 3,811,080 ) 23,705
Other Financing Sources ( uses )
Transfers In 1,631,268 1,866,348 1,862,946 - - 1,862,946 23,705
Proceeds from Sale of Assets ( Parks MSTU )
1,800,000 1,800,000 1,800,000 - - 1,800,000 -
Payment to Escrow Agent - - -
Total Other Financing Sources ( uses )
3,431,268 3,666,348 3,622,946 - - 3,622,946 ( 3,402 )
Net Change in Fund Balance
Fund Balance – beginning
( 138,437 ) ( 168,437 ) ( 148,135 ) - - ( 148,135 ) 20,302
- - 257,855 - - 257,855 257,855
Fund Balance - ending ( 138,437 ) ( 168,437 ) 109,720 - - 109,720 278,157
Source : City of Port St . Lucie Finance Department ( UNAUDITED ) 2021 ANNUAL REPORT COMMUNITY REDEVELOPMENT AGENCY
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