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Home My WebLink About03-11-10 V. a. EDRA Financial Statement – 4th Quarter 2009Balance Sheet for City of Hastings Economic Redevelopment Redevelopment Authority Assets Cash Dedicated Cash-Revolving Loans Taxes receivable Accounts receivable Interest receivable Loan receivable Deposit Receivable Due from other funds Prepaid Items TOTAL ASSETS Liabilities Accounts payable Salaries payable (Accrued from prev pay period) Deferred revenue (loans due in later yrs) Due to other governments Compensated Absences (Grossman) TOTAL LIABILITIES Beginning Fund Balance Net Income (Loss) Ending Fund Balance FUND BALANCE PLUS LIABILITIES EDA HRA (Industrial Park) Total Fund Fund All Funds 12131 /2009 12/3112009 12/3112009 955,310.00 92,969.00 1,048,279.00 (33,084.00) - (33,084.00) 31,311.00 3,865.00 35,176.00 5,256.00 - 5,256.00 3,823.00 346.00 4,169.00 520,112.00 - 520,112.00 - 100,000.00 100,000.00 4,452.00 - 4,452.00 164.00 6.00 170.00 1,487, 344.00 197,186.00 1, 684, 530.00 3,705.00 620.00 4,325.00 2,964.00 1,535.00 4,499.00 508,903.00 863.00 509,766.00 111.00 - 111.00 43,530.00 - 43,530.00 559,213.00 3,018.00 562,231.00 995,639.00 204,692.00 1,200,331.00 (67,508.00) (10,524.00) (78,032.00) 928,131.00 194,168.00 1,122,299.00 1,487, 344.00 197,186.00 1, 684, 530.00 Financial Statement for City of Hastings Econcomic Development Redevelopment Authority EDA HRA Industrial Park Total Fund Fund All Funds 12/31 /2009 12/31 /2009 12131 /2009 Taxes 252,665.00 32,373.00 285,038.00 LGAIMarket Value Credit/Grant - 1,750.00 1,750.00 Interest 20,864.00 1,945.00 22,809.00 Rental Income 750.00 13,735.00 14,485.00 Loan Interest 12,134.00 - 12,134.00 Other Unclassified (Loan repayments) 22,468.00 600.00 23,068.00 Total Revenues 308,881.00 50,403.00 359,284.00 Personnel Expenses 144,798.00 53,020.00 197,818.00 Supplies 554.00 - 554.00 Other Services & Charges 87,154.00 2,722.00 89,876.00 Miscellaneous-(Loans) 27,765.00 - 27,765.00 Capital (Trees) 8,691.00 - 8,691.00 Transfers Out Admin Charges 32,510.00 5,185.00 37,695.00 Special assessment 74,917.00 - 74,917.00 Total expenses 376,389.00 60,927.00 437,316.00 Revenues over Expenditures $ (67,508.00) $ (10,524.00) $ (78,032.00) HRA Programs Personnel Expenses Supplies Other Services for Charges Miscellaneous Capital Transfer Out Total EDA (Industrial Park) Programs Personnel Expenses Supplies Other Services for Charges Miscellaneous Capital Transfer Out Total 6206 6003 6004 6005 6008 6009 Residential Administration Rehabilitation Redevelopment Public Impr Loans TOTAL 144,798.00 554.00 13,301.00 154.00 483.00 32,510.00 191,646.00 154.00 144,798.00 554.00 681.00 73,018.00 87,154.00 27,283.00 27,766.00 8,690.00 8,690.00 74,917.00 107,427.00 681.00 73,018.00 83,607.00 27,283.00 376,389.00 Administration Business Development 53,019.00 2,722.00 5,185.00 60,926.00 0.00