HomeMy WebLinkAboutHEDRA 3rd Qt UpdateMEMO
TO: EDA Board
FROM: Charlene A. Stark, Finance Director
RE: 3rd Qtr Update
DATE: November 3, 2009
I have put together a brief report on the activity to date for the HRA and EDA program
activities through September 30, 2009.
Included is the following:
Balance Sheet
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Revenue and Expenditure Summary
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Program breakdown of expenses
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If there is any other information you would like to see or for more details on this report,
please feel free to call me at 651-480-2354.
Action
:
Informational only.
us
Balance Sheet for
City of Hastings Economic Redevelopment Redevelopment Authority
EDA
(Industrial Park)
HRATotal
FundFundAll Funds
9/30/20099/30/20099/30/2009
Assets
Cash951,724.96 79,710.23 1,031,435.19
Dedicated Cash-Revolving Loans21,108.31 - 21,108.31
Taxes receivable- (57.94) (57.94)
Accounts receivable3,798.17 - 3,798.17
Interest receivable- - -
Deposit Receivable- 100,000.00 100,000.00
TOTAL ASSETS976,631.44 179,652.291,156,283.73
Liabilities
Accounts payable35.51 19.42 54.93
Deferred revenue- (57.94) (57.94)
Due to other funds- - -
TOTAL LIABILITIES35.51 (38.52) (3.01)
Beginning Fund Balance995,639.44 204,691.93 1,200,331.37
Net Income (Loss)(19,043.51) (25,001.12) (44,044.63)
Ending Fund Balance976,595.93 179,690.81 1,156,286.74
FUND BALANCE PLUS LIABILITIES976,631.44 179,652.291,156,283.73
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