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Lots Fund Cash Flow Summary - September 30, 2006 |
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| Beginning balance |
$702,784.29 |
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Revenue: |
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Lot sales
(1955 parcels*) |
$61,315,600.00 |
Six percent
buyers premium |
3,678,936.00 |
| Interest income |
642,951.00 |
| Total revenue |
65,637,487.00 |
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| Expenditures: |
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| Realtor commission |
1,493,364.00 |
| Auctioneer's fee |
955,995.00 |
| County closing costs |
1,480,393.05 |
| Auctioneer's advertising |
209,950.00 |
| Appraisal fees |
50,000.00 |
| Telecom / other |
19,402.48 |
| City of North Port |
32,913,308.81 |
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School Board Donation |
5,000,000.00 |
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General Fund Repayment |
800,000.00 |
| Total expenditures |
42,922,413.34 |
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| Ending cash balance |
$23,417,857.95 |
*Listing of individual parcels
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