Agenda - City of Dallas

Exhibit A
Southwestern Medical TIF District
FY 2011 Annual Report
City of Dallas, Texas
Southwestern Medical 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 $1,060,561 $655,154 $346,040 $57,364 $186,739
Interest receivable $3,285 $3,462 $1,896 $328 $1,301
Total assets $1,063,846 $658,615 $347,936 $57,692 $188,040
Liabilities and Fund Balance (Deficit):
Liabilities:
Accounts and contracts payable $0 $0 $0 $0 $53,302
Advances from developers $0 $1,440,000 $1,440,000 $1,440,000 $1,440,000
Due to general fund $0 $0 $36,823 $36,823 $11,453
Accrued liability $0 $0 $0 $0 $68,758
Total liabilities $0 $1,440,000 $1,476,823 $1,476,823 $1,573,513
Fund Balance (Deficit):
Fund Balance (Deficit) $1,063,846 ($781,385) ($1,128,886) ($1,419,131) ($1,385,474)
Total Liabilities and Fund Equity $1,063,846 $658,615 $347,936 $57,692 $188,040
$0 $0 $0 $0 $0
Southwestern Medical 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 $958,045 $372,960 $318,029 $267,056 $0 $0
Tax increment-Intergovernmental $196,750 $76,240 $64,672 $55,837 $0 $0
Interest income $61,698 $5,662 $6,369 $3,595 $4,219 $26,566
Developer Participation & other revenue $1,481,970 $1,440,000 $0 $0 $31,260 $3,807
Net increase (decrease) in fair value of investments $7,694 $1,402 ($1,644) ($3,476) ($243) $6,446
Total revenues $2,706,156 $1,896,264 $387,426 $323,012 $35,236 $36,819
Expenditures:
Administrative expenses $160,548 $51,034 $39,924 $32,767 $25,369 $11,453
Non-Capital Outlay $0 $0 $0 $0 $0 $0
Capital outlay $1,481,762 $0 $0 $0 $43,524 $1,161,713
Interest and fiscal charges $0 $0 $0 $0 $0 $0
Total expenditures $1,642,310 $51,034 $39,924 $32,767 $68,893 $1,173,166
Excess (Deficiency) of Revenues over Expenditures $1,063,846 $1,845,230 $347,502 $290,245 ($33,658) ($1,136,348)
Fund balance (Deficit) at beginning of year
as previously reported $0 ($781,385) ($1,128,886) ($1,419,131) ($1,385,474) ($249,126)
Fund balance (Deficit) at beginning of year,
as restated $0 ($781,385) ($1,128,886) ($1,419,131) ($1,385,474) ($249,126)
Fund balance (deficit) at end of year $1,063,846 $1,063,846 ($781,385) ($1,128,886) ($1,419,131) ($1,385,474)
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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