TABLE 2: Schedule of Revenues, Expenditures and Changes in Fund Balance, Budget and Actual – Community Redevelopment Fund, Year Ended September 30, 2025
|
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
5,269,061 5,482,789 5,885,848-- 5,885,848 403,059
104,576 104,576 216,397-- 216,397 111,821
Other-------
Total Revenue 5,373,637 5,587,365 6,102,245-- 6,102,245 514,880
Expenditures
Operating Expenditures 4,555,609 4,967,632 4,566,542-- 4,566,542( 401,090)
Capital Outlay-------
Principal 11,160,000 11,160,000 5,445,000-- 5,445,000( 5,715,000)
Interest 564,750 564,750 421,875-- 421,875( 142,875)
Interfund Transfer 54,205 54,205 54,205-- 54,205-
Total Expenditures 16,334,564 16,746,587 10,487,622-- 10,487,622( 6,258,965)
Excess of Revenues over( under) expenditures
( 10,960,927)( 11,159,222)( 4,385,376)--( 4,385,376) 6,773,846
Other Financing Sources( uses)
Transfers In 10,960,927 11,140,622 4,790,924-- 4,790,924( 6,349,698)
Proceeds from Sale of Assets( Parks MSTU)
-------
Payment to Escrow Agent--
Total Other Financing Sources( uses)
10,960,927 11,140,622 4,790,924-- 4,790,924( 6,349,698)
Net Change in Fund Balance
Fund Balance – beginning
-( 18,600) 405,548-- 405,548 424,148
-- 2,814,750 2,814,750 2,814,750
Fund Balance- ending-( 18,600) 3,220,297-- 3,220,297 3,238,897
Source: City of Port St. Lucie Finance Department( UNAUDITED)
2025 ANNUAL REPORT COMMUNITY REDEVELOPMENT AGENCY Page 24