Agenda - City of Dallas

Exhibit A
Vickery Meadow TIF District
FY 2010-2011 Annual Report
Appendix A – Financials
City of Dallas, Texas
Vickery Meadow 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 $1,135,753 $1,170,376 $1,690,463 $994,463 $0
Interest receivable $3,507 $6,100 $9,163 $6,445 $0
Total assets $1,139,260 $1,176,476 $1,699,625 $1,000,909 $0
Liabilities and Fund Balance (Deficit):
Liabilities:
Accounts and contracts payable $24,900 $0 $0 $0 $0
Due to general fund $0 $0 $33,788 $33,788 $9,953
Total liabilities $24,900 $0 $33,788 $33,788 $9,953
Fund Balance (Deficit):
Fund Balance (Deficit) $1,114,360 $1,176,476 $1,665,838 $967,121 ($9,953)
Total Liabilities and Fund Equity $1,139,260 $1,176,476 $1,699,625 $1,000,909 $0
$0 $0 $0 $0 $0
Vickery Meadow Tax Increment Financing District Fund
Statement of Revenues, Expenditures and Changes in Fund Balance (Deficit)
For the Period 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 $2,569,844 $989,073 $1,025,142 $555,630 $0 $0
Tax increment-Intergovernmental $539,345 $207,891 $214,950 $116,504 $0 $0
Interest income $68,419 $8,868 $25,272 $28,591 $5,688 $0
Affordable housing payment $1,000,000 $0 $0 $0 $1,000,000 $0
Net increase (decrease) in fair value of investments $3,075 $445 ($12,596) $20,005 ($4,779) $0
Total revenues $4,180,683 $1,206,277 $1,252,768 $720,730 $1,000,909 $0
Expenditures:
Administrative expenses $151,423 $53,492 $42,130 $22,013 $23,834 $9,953
Non-Capital Outlay $24,900 $24,900 $0 $0 $0 $0
Capital outlay $0 $0 $0 $0 $0 $0
Principal retirement $44,796 $44,796 $0 $0 $0 $0
Interest and fiscal charges $2,845,204 $1,145,204 $1,700,000 $0 $0 $0
Total expenditures $3,066,323 $1,268,392 $1,742,130 $22,013 $23,834 $9,953
Excess (Deficiency) of Revenues over Expenditures $1,114,360 ($62,116) ($489,362) $698,716 $977,075 ($9,953)
Fund balance (Deficit) at beginning of year
as previously reported $0 $1,176,476 $1,665,838 $967,121 ($9,953) $0
Fund balance (Deficit) at beginning of year,
as restated $0 $1,176,476 $1,665,838 $967,121 ($9,953) $0
Fund balance (deficit) at end of year $1,114,360 $1,114,360 $1,176,476 $1,665,838 $967,121 ($9,953)
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.
16