08-12-1996
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Agenda/C
.8-12-96
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AGENDA
CO:MMUNITY REDEVELOPMENT AGENCY
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Monday, August 12, 1996, at 1:00 P.M.
City Commission Chambers
112 S. Osceola Avenue
Clearwater, FL 34616
1. Call to Order
2. Approval of Minutes - July 15, 1996
3. New Business
a) Amended Budget For Fiscal Year 1995-96
b) Budget for Fiscal Year 1996-97
4. Executive Director Verbal Reports
5. Other Trustee Business
6.' Adjournment
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Community Redevelopment
Agency
Agenda Cover Memorandum
Item #: illiilil,~
Meeting Date: i:i!:::i:ii:i':i:ii:!:::,:::i::':;i,:i;:',:,',i:::;):'::::::;::':':,:::'11:,
SUBJECT:
Amended Budget for Fiscal Year 1995-96
RECOMMENDA TION/MOTION:
Approve the attached amended budget for fiscal year 1995-96 and authorize the appropriation
of the entire balance remaining in the eRA Trust Fund as of September 30, 1996 for
redevelopment projects that have been previously approved and those which will be identified
in the redevelopment plan.
1m and that the appropriate officials be authorized to execute same.
BACKGROUND:
· As in previous years, we are presenting an amended fiscal year 1995-96 budget for your
consideration and approval,
· The revenue budget has been amended to reflect changes in amounts already received or
amounts expected to be received.
. The expenditure budget has been amended to reflect the changes in operational costs primarily
due to staffing changes in the eRA office.
. We also recommend that the board authorize the appropriation of the entire balance remaining in
the eRA Trust Fund as of September 30, 1996 for redevelopment projects that have been
previously approved and those which will be identified in the redevelopment plan.
Reviewed by:
Legal
Budget
Purchasing
Risk M gmt.
Originating Department:
City Manager's Office
Costs:
N/A Commission Action:
o Approved
Total 0 Approvod w/Conditions
NIA 0 Denied
Current Fiscal Year 0 Continued to:
N/A
N/A
User Department:
Community Redevelopment
Agency
Date:
Funding Source:
o Capital
Improvement:
o
Operlltlng:
o
Other:
Attachments:
IS
ACM
N/A
Other
Advertised:
Submitt by:;, ft.
......
" , t.""
City Manager
o Printed on recycled paper
Paper:
o Not Required
Affected Parties:
o Notified
o Not Required
Amended Budget
Appropriation Code
o None
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City of Clearwater
CLEARWATER COMMUNITY REDEVELOPMENT AGENCY
Proposed Amended Operating Budget
Fiscal Year 1995-96
(1) (2) (3) Col3 - Coil
FY1996 FY1996
FY1996 yrD Actual Amended Difference
Budget 07/31/96 Budget Inc (Dec)
Revenues end Other Financing Sources:
Tax Increment Revenues:
Pinellas County 149,749 148,659 148.659 (1,090)
City of Clearwater 132,428 131,463 131.463 (965)
Downtown Development Board 26,960 26,960 26.960
282,177 307,082 307,082 24,905
Other Revenu9s:
Interest Earnings on Investments 15.000 46,434 60.000 45,000
Interest Earnings on Debt Reserve , 0.000 0 (10,000)
Rental Income - Garden Ave Garage 15.750 11 ,8 1 3 15,750 0
Rental Income - Station Squore Parking 6,000 4,644 6,000 0
Prior Years Working Capital 10,000 10,000 (10,000)
Downtown Development Board-Atrium 6,544 7,159 7.159 615
Other Income 50 318 400 350
Total Revenues 345,521 387,450 396,391 50.870
Expenditures:
Economic Development
Administrative 159,097 105,720 120.945 (38,152)
Miscellaneous 200 5 200 0
Saturday Downtown Parking - Street 1 5,000 12,500 15.000 0
Harborview Center Parking 6,360 5,300 6.360 0
Advertising 10,000 18.593 20.000 10,000
Prof Services 15,000 9,724 12.000 (3,000)
Downtown Development Board 26,960 26.960 26,960
TrBn~fars (IN)/Out:
For Fu;.ding Redevelopment Projects 3,978 34.960 30.982
For Debt Service Requirements
Fund 214 - 20% of Tax Increments 56,436 61,416 61.416 4,980
Additional Debt Service Funds Required 0
Reimburse General Fund. Adm expense 3,600 2,700 22,700 19,100
Reimburse General Fund. Jolly Trolley 50,000 41,667 50,000 0
Parking Fund - Checkers, Illc 4,850 4,041 4,850 0
Parking Fund - Garden Ave Garage 21 ,000 17,500 21 .000 0
Total Exponditures and Transfers Out 345.521 306,127 396.391 50,870
Excess of Revenues & Other Financing Sources
Over Expenditures and Transfors Out 0 81,323 (0) (0)
City of Clearwater
CLEARWATER COMMUNITY REDEVELOPMENT AGENCY
Administrative Expenditures
Proposed Amended Budget - Fiscal Year 1995-1996
(1) (2) (3)
FY1996 FY1996 (Col. 3 . Coil)
FY' 996 YTD Actual Amended Differonco
Expenditure Description Budget 07/3' 196 Budget Inc (Deo)
PERSONAL SERVICE
5101 Salaries & Wagos FT , 02,820 4,797 69.320 133,500)
5102 Salaries & Wages PT 30,296 0
5'04 Special Pay 0 20,000 0 0
5105 Overtime Salary 0 '01 0 0
5106 Vacation I.eave 0 9,365 0 0
5107 Sick Leave 0 ',640 0 0
5127 Holida\, Time 0 3,115 0 0
5201 Emp Life Insurance 14 6 10 (4)
5203 Emp SAMP Ufe Insurance 258 84 90 1'68)
5204 Emp Major Medical 4,620 2,044 2,050 (2,570)
5206 Emp Social Security 6,863 4,620 4.620 (2,243)
5207 Emp Pension 0 122 130 '30
5209 Workers Compensation 330 0 0 (330)
5210 Disability Insurance 360 177 180 1'80)
TOTAL 115,265 76,366 76,400 138,865)
OTHER OPERATING EXPENSE
5301 Professional Services ',000 1,000 1,000
5303 Contractual Services 1,000 5,767 8,500 7,500
5425 Postage 300 20 100 (200)
5432 Other Promotion Activities 750 356 500 (250)
5434 Printing & Binding , ,750 999 1,200 (550)
5441 Rontal . Equipment 6'0 763 1.000 390
5442 Rental - Building 5,400 4,500 5,400 0
5462 Equip Svc & Repair - Other 100 180 200 '00
5472 Emp Exp - Travel 5,880 1,014 7,080 1,200
5473 Emp Exp - Auto Allowance 650 93 100 (550)
5474 Emp Exp - Meals 100 0 ('00)
5501 Office Supplies 800 212 400 (400)
5504 Operating Supplies 2,350 718 1,000 (1,350)
5571 Membership & Subscriptns 2,500 ',073 1,200 (1,300)
5573 Training & Reference 2.000 320 500 (1,500)
TOTAL 24,190 17.014 28,180 3,990
INTERNAL SERVICE
5402 Document Reproduction 3,000 1,883 2,500 (500)
5403 Telephone SvcNariable 2,650 744 1,000 (1,650)
5404 Messenger Service 1,230 1,030 1,230 0
5406 Telephone Svc/Fixed 1,840 960 1,500 (340)
5407 Postal Service 1,800 442 700 (1,100)
5409 Insurance Admin 410 340 410 0
5410 Comput&r Info Svc 4,170 4,140 4,970 800
5413 Print Shop 1,200 13 200 (1,0001
5414 Purchasing Service 262 0 (262)
5416 Bldg & Maint.Variable 150 433 600 450
5420 Employee Relations 130 '10 130 0
5421 Utilities - Telephone 172 500 500
5422 Utilities. Electric 1.200 1,169 1,500 300
5423 Gas. Water & Utilities 600 779 1,000 400
TOTAL 18,642 12,215 16,240 (2,402)
CAPIT AL
5642 Furniture & Office Equipment 500 0 0 (500)
5658 Construction Materials 500 '25 125 (375)
TOTAL 1,000 '25 125 (875)
eRA Administrative Expense 159.097 105,720 120,945 138,152)
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Community Redevelopment
Agency
Agenda Cover Memorandum
Meetin:t:t:: 1111\111111
SUBJECT:
Budget for Fiscal Year 1996-97
RECOM M ENDA TION/MOTIO N:
Adopt the attached original budget for fiscal year 1996-97.
IB) and that the appropriate' officials be authorized to execute same.
BACKGROUND:
· The attached original budget for fiscal year 1996-97 is presented for your consideration and
approval.
· The revenue budget has been prepared based upon estimates received on taxable values and
assumes the payment of tax increment from the Downtown Development Board. In addition, the
interest income assumes that the 1986 eRA bonds continue to be outstanding.
· The expenditure budget has been prepared assuming that $50,000 is transferred to the City of
Clearwater to provide staffing for the CRA office. In addition, this budget assumes that the 1986
eRA bonds remain outstanding, therefore requiring an additional amount transferred to the Debt
Service Fund of $156,935.
o Funding of this budget requires a transfer of $89,911 from prior years working capital.
Reviewed by:
legal
Budget
Purch.,sing
Risk Mgmt.
Originating Department:
City Manager's Office
Costs:
N/A Commission Action:
o Approved
Total 0 Approved w/Conditions
N/A 0 Denied
Current Fiscal Year 0 Continued to:
N/A
N/A
User Department:
Community Redevelopment
Agency
IS
ACM
N/A
Date:
Funding Source:
o Capital
Improvement:
o
Operating:
o
Other:
Attachments:
Other
.~dVf)rtised:
,(Z;
Paper:
o Not Required
Affected Parties:
o Notified
o Not Required
Amended Budget
Appropriation Code
o None
o Printed on recycled peper
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0lI1OV96
City of Clearwater
ClEAAWA TER COMMUNITY REDEVELOPMENT AGENCY
Proposed Operating Budget
Fiscal Year 1996-97
(1 ) (2) (3) Col 3 - Col 1
FY1996 FY1997
FY1996 Year-ta-Oate Proposed Budget
Budget (9 months) Budget Inc (Dee)
Revenues and Other Financing Sources:
Tax Increment Revenues:
Pine lias County 149,749 148,659 129,800 (19,949)
City of Clearwater 132,428 131,463 115,390 (17,038)
Downtown Development Board 26,960 23,540 23,540
282,177 307,082 268,730 (13,447)
Other Revenues:
Interest Earnings on Investments 15,000 30,671 60,000 45,000
Interest Earnings on Debt Reserve 10,000 0 (10,000)
Rental Income - Garden Ave Garage 15,750 11,813 15,750 0
Rental Income - Station Square Parking 6,000 4,644 6,000 0
Prior Years Working Capital 10,000 10,000 89,911 79,911
Downtown Development Board.Atrium 6,544 7,159 7,160 616
Other Income 50 315 400 350
Total Revenues 345,521 371,684 447,951 102,430
Expenditures:
Economic Development
Administrative 159,097 102,516 46,320 (112,777)
Miscellaneous 200 5 200 0
Saturday Downtown Parking - Street 15,000 11,250 15,000 0
Harborview Center Parking 6,360 4,770 6,360 0
Advertising 10,000 12,679 10,000 0
Prof Services 15,000 9,572 10,000 (5,000)
Downtown Development Board 26,960 23,540 23,540
Transfers (IN)/Out:
For Funding Redevelopment Projects 3,978 0 (3,978)
For Debt Service Requirements
Fund 214 - 20% of Tax Increments 56,436 61,416 53,746 (2,690)
Additional Debt Service Funds Required 156,935 156,935
Reimburse General Fund - Adm expense 3,600 2,700 50,000 46,400
Reimburse General Fund - Jolly Trolley 50,000 37,500 50,000 0
Parking Fund - Checkers, Inc 4,850 3,637 4,850 0
Parking Fund - Garden Ave Garage 21,000 15,750 21,000 0
Total Expenditures and Transfers Out 345,521 288,756 447,951 102,430
Excess of Revenues & Other Financing Sources
Over Expenditures and Transfers Out 0 82,928 0 0
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City of Clearwater File: 188BUD_A
CLEARWATER COMMUNITY REDEVELOPMENT AGENCY 08/02/96
Administrative Expenditures 14:24
Proposed Budget - Fiscal Year 1996-1997
11 ) (2) (3)
FY1996 FY1997 (Col. 3 - Coil)
FY1996 Year.to.Date Proposed Budget
Expenditure Description Budget (9 months) Budget lno (Dao)
PERSONAL SERVICE
6101 Salaries & Wages FT 102,820 4,797 0 (102,820)
6102 Salaries & Wages PT 30,296 0
61 04 Special Pay 0 20,000 0 0
6105 Overtime Salary 0 101 0 0
6106 Vaoation Leave 0 9,365 0 0
5'07 Sick Leave 0 1,640 0 0
6127 Holiday Time 0 3,115 0 0
5201 Emp Life Insurance 14 6 0 ( 14)
5203 Emp SAMP Lifo Insurance 258 84 0 (258)
5204 Emp Major Medical 4,620 2,044 0 (4,620)
5206 Emp Social Security 6,863 4,620 0 (6,863)
5207 Emp Pension 0 122 0 0
5209 Workers Compensation 330 0 (330)
5210 Disability Insurance 360 177 0 (360)
TOTAL 115,265 76,366 0 (115.265)
OTHER OPERATING EXPENSE
5301 Professional Services 1,000 1,000 1,000
5303 Contractual Services 1,000 4,678 0 (1,000)
5425 Postage 300 20 300 0
5432 Other Promotion Activities 750 356 750 0
5434 Printing & Binding , ,750 999 1.750 0
5441 Rental- Equipment 610 656 1 .000 390
5442 Rental- Building 5,400 4,050 5.400 0
5462 Equip Svc & Repair - Other 100 180 200 100
5472 Emp Exp - Travel 5,880 321 5.000 (880)
5473 Emp Exp - Auto Allowance 650 93 650 0
5474 Emp Exp - Meals 100 100 0
5501 Office Supplies 800 212 800 0
5504 Operating Supplies 2,350 718 2.350 0
5571 Membership & Subscriptns 2,500 1.073 2.500 0
5573 Training & Reference 2,000 320 2.000 0
TOTAL 24,190 14,674 23.800 (390)
INTERNAL SERVICE
5402 Document Reproduction 3,000 1,883 3.000 0
5403 Telephone SvcNariable 2,650 729 2,650 0
5404 Messenger Service 1,230 927 1 .230 0
5406 Telephone SvclFixed 1,840 870 1 .840 0
5407 Postal Service 1,800 442 1.800 0
5409 Insurance Admin 410 306 600 190
541 0 Computer Info SVc 4,170 3,726 4,170 0
541 3 Print Shop 1,200 13 1 .200 0
5414 Purchasing Service 262 300 38
5416 Bldg & Maint-Variable 150 433 600 450
5420 Emplovee Relations 130 99 130 0
5421 Utilities. Telophone 172 500 500
5422 Utilities. Electric 1,200 1,067 2.000 800
5423 Gas, Water & Utilities 600 684 1 .000 400
TOTAL 18,642 11,351 21.020 2,378
CAPIT AL
5642 Furniture & Office Equipment 500 1.000 500
5658 Construction Materials 500 125 500 0
TOTAL 1,000 125 1.500 500
CRA Administrative Expense 159.097 102,516 46.320 (112.777)
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