RDAP-2010-09 - 2010-10-25A RESOLUTION OF THE DEVELOPMENT AUTHORITY OF PEARLANI
(DAP), ACCEPTING THE FINANCIAL REPORT FOR THE PERIOD ENDING
SEPTEMBER 30, 2010.
Section 1. That the Development Authority of Peadand, TX hereby
accepts the Financial Report for the period ending September 30, 2010.
TOM REID
CHAIRMAN
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DEVELOPMENT AUTHORITY OF PEARLAND
BALANCE SHEET
FOR MONTH ENDED SEPTEMBER 30, 2010
ASSETS:
Cash and Cash Equivalents
Money Market
Interest Receivable
Total Assets
LIABILITIES:
Accounts Payable
Total Liabilities
EQUITY:
Equity
Total Equity
Total Liabilities and Equity
4,784,398
2,749,493
7,533,892
7,533,892
7,533,892
7,533,892
DEVELOPMENT AUTHORITY OF PEARLAND
SCHEDULE, OF REVENUES AND EXPENDITURES
FOR MONTH ENDED SEPTEMBER 30, 2010
FY2010
ACTUAL
REVENUES
TO - DATE.
Contributions from TIRZ
13,391,813
Bond Proceeds
Interest
10,258
TOTAL
13,402,071
EXPENDITURES
Professional Services
11,033
Reimbursement to Developer
6,329,130
Issuance Costs
2,500
Bond Payments
Principal
1,760,000
Interest
2,439,260
Fiscal Fees
13,760
TOTAL
10,555,683
Net Change in Fund Balance
2,846,388
BEGINNING FUND BALANCE
4,687,503
ENDING FUND BALANCE
7,533,891