FINANCIAL STATEMENTS (2020)
Daytona Beach Community Redevelopment Agency Reconciliation of the Balance Sheet of the Governmental Fund to the Statement of Net Position
As of September 30, 2020
Total fund balance for the governmental fund
$ 10,072,313
Long ‐ term liabilities are not due and payable in the current period and therefore are not reported in the funds. Prepaid bond insurance costs (to be amortized over life of debt) Deferred amount on refunding (to be amortized as interest revenue)
46,716 336,181 (75,917)
Unamortized bond premium Bonds, loans, and notes payable
(23,744,681)
(23,437,701)
Net position of governmental activities
$ (13,365,388)
The accompanying notes are an integral part of this financial statement. ‐ 19 ‐
DaytonaBeach.gov/Redevelopment
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