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Schedule 25
South Elm Street Redevelopment Fund
Schedule of Revenues and Expenditures - Budget and Actual
From Project Inception and For the Fiscal Year Ended June 30, 2016
Actual
Project
Prior
Current
Total
Authorization
Years
Year
To Date
Revenues:
Intergovernmental:
EPA Brownsfield Assessment
600,000
$
600,000
$
$
600,000
$
South Elm Street BEDI - 2005
2,000,000
2,000,000
2,000,000
Total Intergovernmental Revenue
2,600,000
2,600,000
2,600,000
Investment Income (Loss)
(5,181)
221
(4,960)
Miscellaneous:
Rent
84,116
11,612
95,728
Total Revenues
2,600,000
2,678,935
11,833
2,690,768
Expenditures:
Neighborhood Development:
South Elm Street Section 108 Project
3,000,000
3,000,000
3,000,000
EPA Brownsfield Assessment
600,000
600,000
600,000
South Elm Street BEDI - 2005
2,000,000
2,000,000
2,000,000
Total Expenditures
5,600,000
5,600,000
5,600,000
Excess of Revenues Over (Under) Expenditures
(3,000,000)
(2,921,065)
11,833
(2,909,232)
Other Financing Sources (Uses):
Debt Issuances:
Federal Loan Program - HUD
5,186,000
5,186,000
5,186,000
Payment to Escrow Agent for Refunding of Debt
(2,186,000)
(2,186,000)
(2,186,000)
Total Other Financing Sources (Uses)
3,000,000
3,000,000
3,000,000
Excess of Revenues and Other Financing
Sources Over Expenditures and Other
Financing (Uses)
$
78,935
11,833
90,768
Fund Balance - July 1
78,935
Fund Balance - June 30
78,935
$
90,768
$
90,768
$
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