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1C)9 Community Development Fund Summary <br /> 1 1 C) The following table depicts the 2011 financial activity for the Community Development Fund for the fiscal <br /> 1,1,1 period ending September 30, 2011 (unaudited). <br /> 112 <br /> 2011 2011 % % <br /> Buffet Actual Actual Expect. Diff. <br /> Revenues <br /> Licenses&permits $1,022,324 $ 936,218 91.6% 68.1% 23.4% <br /> Charges for services - 68,032 n/a n/a n/a <br /> Fines and forfeits - 4,266 n/a n/a n/a <br /> Interest earnings 500 - 0.0% 0.0% 0.0% <br /> Miscellaneous 7000 319,122 455.9% 136.5% 319.4% <br /> Total Revenues $1,097,324 $1,327,639 121.0% 75.1% 45.9% <br /> Expenditures <br /> Community development 1,097,324 1,15103 105.0% 76.8% 28.2% <br /> Other - - n/a n/a n/a <br /> Total Expenditures $1,097,324 $1,151,663 105.0% 76.8% 28.2% <br /> 114, <br /> 115 Comments: <br /> 1 1 6 Community Development Fund revenues and expenditures are higher than expected levels due to the receipt <br /> 11��7 and expenditure of a $300,000 grant for the Sienna Green project. Exclusive of this grant, revenues and <br /> 1 I'" expenditures are trending better than expected. <br /> ,11,1 Ewa <br /> 12(,) The Community Development Fund is currently in poor financial condition with virtually no cash reserves. <br /> 1 2li An operating surplus is expected in 2011 which will offset the previous year's loss. <br /> 122 <br /> 12'1' <br /> Page 7 of 13 <br />