Agenda - City of Dallas

Cityplace Area TIF District
City of Dallas, Texas
Cityplace Tax Increment Financing District Fund
Balance Sheet as of September 30, 2011 (Unaudited)
With Comparative Totals for September 30, 2010 (Audited)
FY 2011 Annual Report
Totals
Capital Projects Debt Service 2011 2010
Assets:
Pooled cash and cash equivalents $10,754,557 $8,602 $10,763,159 $16,172,053
Interest receivable $33,094 $26 $33,119 $83,894
Total assets $10,787,651 $8,627 $10,796,278 $16,255,946
Liabilities and Fund Balance (Deficit):
Liabilities:
Accounts and contracts payable $1,335,055 $398 $1,335,453 $114,999
Accrued liability $5,389 $0 $5,389 $5,389
Total liabilities $1,340,444 $398 $1,340,842 $120,388
Fund Balance (Deficit) $9,447,206 $8,229 $9,455,435 $16,135,558
Total Liabilities and Fund Balance $10,787,650 $8,627 $10,796,278 $16,255,946
($0) ($0) ($0) $0
Cityplace Tax Increment Financing District Fund
Statement of Revenues, Expenditures and Changes in Fund Balance (Deficit)
For Year Ended September 30, 2011 (Unaudited)
With Comparative Totals for Year Ended September 30, 2010 (Audited)
Totals
Capital Projects Debt Service 2011 2010
Revenues:
Tax increment-Governmental $0 $0 $0 $0
Tax increment-Intergovernmental $0 $0 $0 $0
Interest income $96,146 $43 $96,189 $368,994
Net increase (decrease) in fair value of investments ($8,328) $4 ($8,325) ($232,822)
Total revenues $87,818 $47 $87,865 $136,172
Expenditures:
Administrative expenses $67,211 $0 $67,211 $42,702
Non-capital outlay $1,747 $0 $1,747 $5,251
Capital outlay (1) $6,695,942 $0 $6,695,942 $2,386,184
Principal retirements $0 $0 $0 $5,400,000
Interest and fiscal charges $3,090 $0 $3,090 $221,858
Total expenditures $6,767,989 $0 $6,767,989 $8,055,995
Excess(deficiency) of revenues over(under) expenditures ($6,680,171) $47 ($6,680,124) ($7,919,823)
Other financing sources (uses):
Proceeds of bonds $0 $0 $0 $0
Transfer out $0 $0 $0 ($2,908,048)
Transfer in $0 $0 $0 $2,908,048
Total other financing sources $0 $0 $0 $0
Excess (deficiency) of revenues and other financing
sources over (under) expenditures and other uses ($6,680,171) $47 ($6,680,124) ($7,919,823)
Fund balance (deficit) at beginning of year $16,127,377 $8,182 $16,135,559 $24,055,381
Fund balance (deficit) at end of year $9,447,206 $8,229 $9,455,435 $16,135,558
(1) Capital outlay during the fiscal year was for the following projects:
Noble/Oak Grove/Howell Public Improvements $6,695,942
Katy Trail Public Improvements $0
Total Capital Outlay $6,695,942
Note: Fiscal year 2010-11 unaudited financial statements are based on 13th close numbers and are subject to review by
the City Controller's Office prior to approval by the City Council. In case of any material changes, TIF board will be
provided with the updated financial statements.
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