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-`/ _\( <br /> 1kiver FROM: LORI JOHNSON FINANCE DIRECTOR A6) <br /> DATE: JANUARY 5, 1993 <br /> SUBJECT: FINANCIAL UPDATE <br /> The HRA received $30,289 .82 in revenues in 1992 and had no <br /> expenditures bringing the HRA's December 31, 1992, cash <br /> balance to $93,091 .80. This balance excludes December interest <br /> receivable of approximately $200. 00 . <br /> The adopted 1992 Budget estimated tax revenues to be $29,500; <br /> this will be very close to actual Tax and HACA collections. <br /> On the expenditure side, $50,000 was budgeted for redevelopment <br /> activities and $41,500 was to be reserved for future projects. <br /> As was previously stated, the HRA did not incur any expenses in <br /> 1992 . <br /> 41, <br /> 720 Dodge Avenue N.W., Elk River, Minnesota 55330 (612) 441-7420 <br />