Agenda - City of Dallas

Exhibit A
Farmers Market TIF District
FY 2011 Annual Report
City of Dallas, Texas
Farmers Market Tax Increment Financing District Fund
Balance Sheet as of September 30, 2011 (Unaudited)
With Comparative Totals for September 30, 2010, 2009, 2008, and 2007
2011 2010 2009 2008 2007
Assets:
Pooled cash and cash equivalents $3,215,320 $2,566,856 $2,030,997 $1,423,809 $899,452
Interest receivable $9,671 $13,294 $11,010 $9,214 $12,199
Taxes receivable-delinquent $0 $0 $0 $0 $15,631
Less: allownace for uncollectible accounts $0 $0 $0 $0 ($5,471)
Total assets $3,224,991 $2,580,150 $2,042,007 $1,433,023 $921,811
Liabilities and Fund Balance (Deficit):
Liabilities:
Accounts & contracts payable $2,034 $8,065 $0 $0 $0
Advances from developers $2,496 $2,496 $2,496 $2,496 $2,496
Advances from City $4,491,169 $4,491,169 $4,491,169 $4,491,169 $4,491,169
Deferred tax revenue $0 $0 $0 $0 $10,160
Accrued liability $22,759 $22,759 $22,759 $22,759 $22,759
Total liabilities $4,518,459 $4,524,490 $4,516,425 $4,516,425 $4,526,585
Fund Balance (Deficit):
Fund Balance (Deficit) ($1,293,468) ($1,944,339) ($2,474,417) ($3,083,401) ($3,604,773)
Total Liabilities and Fund Equity $3,224,991 $2,580,150 $2,042,007 $1,433,023 $921,811
$0 $0 $0 $0 $0
Farmers Market Tax Increment Financing District Fund
Statement of Revenues, Expenditures and Changes in Fund Balance (Deficit)
For the Period Ended September 30, 2011 (Unaudited)
With Comparative Totals for September 30, 2010, 2009, 2008, and 2007
ITD 2011 2010 2009 2008 2007
Revenues:
Tax increment-Governmental $4,509,377 $691,405 $557,323 $591,515 $506,584 $466,849
Interest income $482,437 $19,136 $30,504 $37,858 $43,605 $63,311
Other revenue-developer reimbursement savings $217,974 $0 $0 $0 $0 $217,974
Net increase in fair value of investments ($3,585) $2,701 ($12,525) $10,319 ($6,771) $14,915
Total revenues $5,206,204 $713,242 $575,303 $639,693 $543,419 $763,050
Expenditures:
Administrative expenses $440,695 $60,336 $32,810 $20,329 $22,046 $51,740
Non-Capital outlay $470,943 $2,034 $12,415 $10,380 $0 $0
Capital outlay $5,492,432 $0 $0 $0 $0 $0
Interest and fiscal charges $1,058,458 $0 $0 $0 $0 $44,359
Total expenditures $7,462,528 $62,371 $45,225 $30,709 $22,046 $96,099
Excess (Deficiency) of Revenues over Expenditures ($2,256,324) $650,872 $530,078 $608,984 $521,372 $666,951
Fund balance (Deficit) at beginning of year
as previously reported $0 ($1,944,339) ($2,474,417) ($3,083,401) ($3,604,773) ($4,271,724)
Prior period restatement $962,857 $0 $0 $0 $0 $0
Fund balance (Deficit) at beginning of year, as restated $962,857 ($1,944,339) ($2,474,417) ($3,083,401) ($3,604,773) ($4,271,724)
Fund balance (deficit) at end of year ($1,293,468) ($1,293,468) ($1,944,339) ($2,474,417) ($3,083,401) ($3,604,773)
Note: Fiscal year 2010-11 unaudited financial statements are based on the 13th period close numbers and are subject
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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