|
Exhibit E
<br />Budget Variance
<br />Debt Service and Capital Project Funds
<br />Cooley Ranch Project Area
<br />Expenses
<br />Debt Service
<br />Administration
<br />Pass Throughs
<br />Other
<br />Transfers to Cap Projects
<br />Transfers to LowlMod
<br />Sub -Total Expenses
<br />Capital Project Funds
<br />Beginning Cash Balance (7/01/98)
<br />Revenues
<br />Bond Proceeds (net)
<br />Trustee Interest Income
<br />Interest
<br />Rents
<br />Transfer In
<br />Sub -Total Revenues
<br />Expenses by Capitan Proiect
<br />Signage Program
<br />Marketing/Incentives
<br />TMI Property
<br />City Hall Annex
<br />Loans to Housing Programs
<br />Sub -Total Expenses
<br />Ending Cash Balance (06/30/99)
<br />$1,273,229 $1,405,709 $132,480
<br />$205,108 $356,952 $151,844
<br />$192 $25,775 $25,583
<br />$10,000 $0 ($10,000)
<br />$685,751 $2,158,107 $1,472,356
<br />$478,082 $549,136 $71,054
<br />$2,652,362 $4,495,679 $1,843,317
<br />$2,593,407 $965,943 ($1,627,464)
<br />$0
<br />Budget
<br />Actual
<br />Variance
<br />Comments
<br />$0
<br />$131,732
<br />$33,808
<br />($97,924)
<br />$0
<br />Debt Service Funds
<br />$43,512
<br />$0
<br />$2,158,107
<br />$2,158,107
<br />Revenues
<br />$2,235,427
<br />$2,103,695
<br />$350,000
<br />1$5,000
<br />Tax Increment
<br />$2,085,412
<br />$2,183,178
<br />$97,766
<br />Values did not decline as much as forecast
<br />Interest
<br />$124,550
<br />$0
<br />($124,550)
<br />Interest is now netted from DS Payment
<br />Sales Taxes
<br />$398,400
<br />$600,000
<br />$201,600
<br />Higher sales taxes from RVI M Site
<br />Other
<br />$44,000
<br />$1,712,500
<br />$1,668,500
<br />TMI deliquent taxes; RM delinquent taxes
<br />Sub -Total Revenues
<br />$2,652,362
<br />$4,495,678
<br />$1,843,316
<br />Expenses
<br />Debt Service
<br />Administration
<br />Pass Throughs
<br />Other
<br />Transfers to Cap Projects
<br />Transfers to LowlMod
<br />Sub -Total Expenses
<br />Capital Project Funds
<br />Beginning Cash Balance (7/01/98)
<br />Revenues
<br />Bond Proceeds (net)
<br />Trustee Interest Income
<br />Interest
<br />Rents
<br />Transfer In
<br />Sub -Total Revenues
<br />Expenses by Capitan Proiect
<br />Signage Program
<br />Marketing/Incentives
<br />TMI Property
<br />City Hall Annex
<br />Loans to Housing Programs
<br />Sub -Total Expenses
<br />Ending Cash Balance (06/30/99)
<br />$1,273,229 $1,405,709 $132,480
<br />$205,108 $356,952 $151,844
<br />$192 $25,775 $25,583
<br />$10,000 $0 ($10,000)
<br />$685,751 $2,158,107 $1,472,356
<br />$478,082 $549,136 $71,054
<br />$2,652,362 $4,495,679 $1,843,317
<br />$2,593,407 $965,943 ($1,627,464)
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$131,732
<br />$33,808
<br />($97,924)
<br />$0
<br />$43,512
<br />$43,512
<br />$0
<br />$2,158,107
<br />$2,158,107
<br />$131,732
<br />$2,235,427
<br />$2,103,695
<br />$350,000
<br />1$5,000
<br />($345,000)
<br />$350,000
<br />1•'$25,000
<br />' : ($325,000)
<br />$0
<br />$0
<br />$0
<br />$35,000
<br />$2,500
<br />($32,500)
<br />$0
<br />$500,000
<br />$500,000
<br />----------
<br />$735,000
<br />----------
<br />x $532,500
<br />--------- -
<br />($202,500)
<br />$1,990,139
<br />$2,668,870
<br />$678,731
<br />Exhibit "E"
<br />Higher sales tax reimbursements to City
<br />Prior years allocation included
<br />County Admin Fee
<br />Transfer of excess funds
<br />Higher sales and property taxes increase 20%
<br />Recommend suspension for cashflow
<br />Recommend reduction to 175K over 2 years.
<br />Obligatioins expected in FY 2000
<br />Completed roof/ac repairs in FY 1999
<br />Loan for Rancho Med solution
<br />
|