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109 Community Development Fund Summary <br /> 110 The following table depicts the 2011 financial activity for the Community Development Fund for the fiscal <br /> 111 period ending September 30,2011 (unaudited). <br /> 112 <br /> 2011 2011 <br /> Budget 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 5,000 - 0.0% 0.0% 0.0% <br /> Miscellaneous 70,000 319,122 455.9% 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 1,151,663 105.0% 76.8% 28.2% <br /> Other - - n/a n/a n/a <br /> 113 Total Expenditures $1,097,324 $1,151,663 105.0% 76.8% 28.2% <br /> 114 <br /> 115 Comments: <br /> 116 Community Development Fund revenues and expenditures are higher than expected levels due to the receipt <br /> 1 1 i and expenditure of a$300,000 grant for the Sienna Green project. Exclusive of this grant, revenues and <br /> 118 expenditures are trending better than expected. <br /> 119 <br /> 120 The Community Development Fund is currently in poor financial condition with virtually no cash reserves. <br /> 121 An operating surplus is expected in 2011 which will offset the previous year's loss. <br /> 122 <br /> 123 <br /> Page 7 of 13 <br />