TABLE 2 : Schedule of Revenues , Expenditures and Changes in Fund Balance , Budget and Actual – Community Redevelopment Fund , Year Ended September 30 , 2023
|
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
2,833,279 3,608,462 3,713,068 - - 3,713,068 104,606
2,578 2,578 27,695 - - 27,695 25,117
Other - - 9,649 - - 9,649 9,649
Total Revenue 2,835,857 3,611,040 3,750,412 - - 3,750,412 139,372
Expenditures
Operating Expenditures 1,786,516 2,940,541 2,512,485 - - 2,512,485 ( 428,056 )
Capital Outlay - - - - - -
Principal 3,955,000 3,955,000 3,955,000 - - 3,955,000
Interest 687,625 916,125 916,125 - - 916,125
Interfund Transfer 49,689 49,689 49,689 - - 49,689
Total Expenditures 6,478,830 7,861,355 7,433,299 - - 7,433,299 ( 428,056 )
Excess of Revenues over ( under ) expenditures
( 3,642,973 ) ( 4,250,315 ) ( 3,682,887 ) - - ( 3,682,887 ) 567,428
Other Financing Sources ( uses )
Transfers In 3,261,247 3,659,564 4,074,948 - - 4,074,948 415,384
Proceeds from Sale of Assets ( Parks MSTU )
381,726 381,726 381,726 - - 381,726
Payment to Escrow Agent - -
Total Other Financing Sources ( uses )
3,642,973 4,041,290 4,456,674 - - 4,456,674 415,384
Net Change in Fund Balance
Fund Balance – beginning
- ( 209,025 ) 773,787 - - 773,787 982,812
- - 275,361 275,361 275,361
Fund Balance - ending - ( 209,025 ) 1,049,148 - - 1,049,148 1,258,173
Source : City of Port St . Lucie Finance Department ( UNAUDITED ) 2023 ANNUAL REPORT COMMUNITY REDEVELOPMENT AGENCY
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