TABLE 2 : Schedule of Revenues , Expenditures and Changes in Fund Balance , Budget and Actual – Community Redevelopment Fund , Year Ended September 30 , 2022
|
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
2,472,299 2,578,842 2,676,434 - - 2,676,434 97,592
1,500 1,500 ( 8,715 ) - - ( 8,715 ) ( 10,215 )
Other 20,064 20,064 57,893 - - 57,893 37,829
Total Revenue 2,493,863 2,600,406 2,725,612 - - 2,725,612 125,206
Expenditures
Operating Expenditures 1,519,060 1,688,297 1,473,206 - - 1,473,206 ( 215,091 )
Capital Outlay - 469,912 469,912 - - 469,912 ( 0 )
Principal 3,770,000 3,770,000 3,770,000 - - 3,770,000 -
Interest 1,109,250 1,109,250 1,109,250 - - 1,109,250 -
Interfund Transfer 47,735 47,735 47,735 - - 47,735 -
Total Expenditures 6,446,045 7,085,194 6,870,103 - - 6,870,103 ( 215,091 )
Excess of Revenues over ( under ) expenditures
( 3,952,182 ) ( 4,484,788 ) ( 4,144,490 ) - - ( 4,144,490 ) 340,298
Other Financing Sources ( uses )
Transfers In 2,152,182 2,326,876 2,516,979 - - 2,516,979 190,103
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 )
3,952,182 4,126,876 4,316,979 - - 4,316,979 190,103
Net Change in Fund Balance
Fund Balance – beginning
- ( 357,912 ) 172,489 - - 172,489 530,401
- - 108,225 - - 108,225 108,225
Fund Balance - ending - ( 357,912 ) 280,714 - - 280,714 638,626
Source : City of Port St . Lucie Finance Department ( UNAUDITED ) 2022 ANNUAL REPORT COMMUNITY REDEVELOPMENT AGENCY
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