|
Annual Financial Report Excerpts
<br />Urban Renewal Agency of the City of Eugene, Oregon
<br />Where tax increment goes when 1 collected
<br />Debt Service Fund
<br />st
<br />-
<br />
<br />Schedule of Revenues, Expenditures, and Changes in Fund Balance - Budget and Actual
<br />For the fiscal year ended June 30, 2011
<br />(amounts in dollars)
<br />
<br />Actual
<br />
<br /> Actual
<br />Budget GAAP
<br />Budget Basis Adjustment basis
<br />Revenues
<br />Taxes 1,920,000 1,859,593 0 1,859,593
<br />Miscellaneous 25,000 46,409 (5,094) 41,315
<br />Total revenues 1,945,000 1,906,002 (5,094) 1,900,908
<br />Expenditures
<br />Debt service 150,000 27,851 0 27,851
<br />Intergovernmental 13,261,000 13,252,084 0 13,252,084
<br />Total expenditures 13,411,000 13,279,935 0 13,279,935
<br />Excess (deficiency) of revenues over expenditures (11,466,000) (11,373,933) (5,094) (11,379,027)
<br />Other financing sources (uses)
<br />Proceeds of debt issuance 7,900,000 7,900,000 0 7,900,000
<br />Transfers out (1,030,000) (746,411) 0 (746,411)
<br />Total other financing sources (uses) 6,870,000 7,153,589 0 7,153,589
<br />Net change in fund balance (4,596,000) (4,220,344) (5,094) (4,225,438)
<br />Fund balance, July 1, 2010 4,599,060 4,599,060 12,630 4,611,690
<br />Fund balance, June 30, 2011 3,060 378,716 7,536 386,252
<br />
<br /> $500,000 (to URA-Capital Projects Fund)
<br />Project Delivery Admin: $246,411 (to URA-General Fund)
<br /> $746,411
<br />8
<br />
|