CRA Comprehensive Report - 2018 to 2024

FINANCIAL STATEMENTS (2022)

Daytona Beach Community Redevelopment Agency Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual – Community Redevelopment Agency Fund

Actual

For the year ended September 30, 2022

Original

Final

Amounts

Variance

REVENUES: Licenses and permits Intergovernmental Charges for services Income on investments

$

11,109 $

11,109 $

11,465

$

356

4,137,747 4,161,271

4,168,387

7,116 23,260 55,491 19,563 105,786

- -

- -

23,260 55,491 31,412

11,849

11,849

Miscellaneous Total revenues

4,160,705 4,184,229

4,290,015

EXPENDITURES: Current operating:

2,403,662 2,469,408

1,900,175

569,233

Economic environment Culture and recreation

- -

100,000

47,460 5,152

-

(5,152)

Tranportation

2,146,475 17,600,647

3,304,235 14,296,412

Capital outlay

Debt Service: Interest and fiscal charges

61,524

-

-

-

4,611,661 20,170,055

5,257,022 14,860,493

Total expenditures

Excess (deficiency) of revenues over (under) expenditures

(450,956) (15,985,826)

(967,007)

14,966,279

OTHER FINANCING SOURCES (USES):

61,524 15,669,727 3,220,680 3,208,871

-

(15,669,727)

Budgetary reserves, net

3,218,985 (2,892,771)

10,114

Transfers in

(2,831,248)

(2,892,772)

1

Transfers (out)

450,956 15,985,826

326,214 (15,659,612)

Total other financing sources (uses)

-

-

(640,793)

(693,333)

Net change in fund balance

FUND BALANCE: Beginning

15,816,121 15,816,121

15,816,121

-

$ 15,816,121 15,816,121 $ $ 15,175,328

$

(640,793)

Ending

- 37 -

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