TABLE 2 : Schedule of Revenues , Expenditures and Changes in Fund Balance , Budget and Actual – Community Redevelopment Fund , Year Ended September 30 , 2024
TABLE 2 : Schedule of Revenues , Expenditures and Changes in Fund Balance , Budget and Actual – Community Redevelopment Fund , Year Ended September 30 , 2024
|
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
4,061,397 4,491,376 4,456,511 - - 4,456,511 ( 34,865 )
16,832 16,832 99,316 - - 99,316 82,484
Other - - 331,175 - - 331,175 331,175
Total Revenue 4,078,229 4,508,208 4,887,002 - - 4,887,002 378,794
Expenditures
Operating Expenditures 2,962,446 3,764,697 3,543,369 - - 3,543,369 ( 221,328 )
Capital Outlay - - - - - - -
Principal 5,185,000 5,185,000 5,185,000 - - 5,185,000 -
Interest 687,625 687,625 687,625 - - 687,625 -
Interfund Transfer 52,120 52,120 52,120 - - 52,120 -
Total Expenditures 8,887,191 9,689,442 9,468,114 - - 9,468,114 ( 221,328 )
Excess of Revenues over ( under ) expenditures
( 4,808,962 ) ( 5,181,234 ) ( 4,581,111 ) - - ( 4,581,111 ) 600,123
Other Financing Sources ( uses )
Transfers In 4,808,962 5,031,509 6,343,887 - - 6,343,887 1,312,378
Proceeds from Sale of Assets ( Parks MSTU )
- - - - - - -
Payment to Escrow Agent - -
Total Other Financing Sources ( uses )
4,808,962 5,031,509 6,343,887 - - 6,343,887 1,312,378
Net Change in Fund Balance
Fund Balance – beginning
- ( 149,725 ) 1,762,775 - - 1,762,775 1,912,500
- - 1,046,254 1,046,254 1,046,254
Fund Balance - ending - ( 149,725 ) 2,809,030 - - 2,809,030 2,958,755
Source : City of Port St . Lucie Finance Department ( UNAUDITED )
2024 ANNUAL REPORT COMMUNITY REDEVELOPMENT AGENCY Page 21