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09-16-1996'J , 1� � ,I /' /! � � �� � <.: .� ' � 3 � i + a+.. �, . s. t 2 i s'�� r: x � . . .� . �S _ , .�, !`4 rj . �. i, i F ,� �. ' 4 e { � �. , = r r �. .. �. : �.; � . . ;. „. . . . . . e ��s . . . _ - .. > � v ��.. _: - ... � .-�` . . .: . � . . ., . �.> :,: :. . . . . . .. _ , ', S � {t s�, . ' . . . .. . . � . . . . . . � . . . � . . . � . . . . . ? . . _ .. . _.. . � ,... . . .. . - .. .. . , ' � . . . . . . . . . � . . . . �� M. � �� i . i.• f .. • �/ / � .� � _ a� s � s: �, -� t , , � , ,.: .� $ r� . .. ... .. .. .. � AGEIVI➢A Monday, '��.996, at 9:00 A.M. Cii�r Commission Chambers 112 S. Osceo�s Avenue Clearw�ter, FL 34616 1. �all �o �rder 2. Approv�l o� 1lRinut�� - Aug�ast 12, 1996 3. I�Tew B�siness �} Budget for Fiscal Year 1996-97 4. Exec�adve L7ir�tor �erba� R�ports 5. �thcr Trustee Business 6. ,Adjournn�ent � �. ' �zi� ..: . ` �' S' �;•i,a! J ♦, ` � � t�.�►�` Community Redevelopment Agency �.genda Cover Memo�andum SUB�lECi: Budget for Fiscal Year 1996-97 RECOMMEND�,T'IOnI/I�NOI'IOIV: Adopt the attached original budge� for fiscal year 1996-97. � and that the appropriate officia(s be authorized to execute same. BAGKGR�tJIti1D: Item +�: MeetinA Date: • The attached original budget far �iscal 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 paymen� of tax increment from the Downtown Deveiopment �oard . in addition, the interest incor�r�e assumes that the 1986 CRA bonds continue to be outstanding. 4�'he expenditure budget has been pr�pared a�suming that $71,000 i5 transferred to the City of �learwater to provide staffi+ng for the �RA office. in addition, this budget assumes that the `I9�6 C�A b�onds r�main outstanding, therefore requiring an additional amount transf�rred to the [�ebt Service Fund of $156,�35. • The proposed budget for Professiona! Services is compo�ed rr�ainly of estimated legal fees. • Funding of this buds�et requires a transfer of S 156,91 1 frarn prior years working capi#al. Reviewoed by: Originating Department: Costs: N�� Commission Action: Leqel City Man,aper's Office � Approved Budget Tota1 [7 Approved w/Conditfons Puechaain� N/A UBer Department: f�/A O Den3ed Risk Mgmt. M/A Community Redev�elopmc+nt Current Fisce! Year ❑ Cont3nued ta: Asencb Is M/A Funding� SourcA: ACM ❑ Capital Improvemenfi: Other Advertised: O Opermtlnq: Date: [] Attachments: Other: Paper: Amended Sudget Submitted by: C] Not F�aqutred �.ppropriation Code ,�--�� �� Affected Partie�: / `--G� +/�-�t' ��, O Notified ❑ None CIi�-Metta9aF �.n.-�i4 ❑ Not Raquired '� Princed on recycled paps� m City of Clearwater CLEARWATER COMMUNtTY REDEVELOPMENT AGENCY Proposed Operating BudQet Fiscal Yea� 1996-97 (1) Revenues and Other Financing Sources: Tax Increment Revenues: Pinellas County City of Ciearvvater Downtown nevelopment E3oard Othe� fievenues: Interest Earnings on Investments lnterest Earnings on Debt Resenre Rer�tal Income - Garden Ave Garage Rental Income - Station Square Parking Prior Years Working Capital Downtown Develapment Board-Atrium Other Income Totat Revenues Expenciitures: Economic �evelo�ment Administrative Miscellaneous Saturda�� Dawntown Parking - Street lia�borview Center Parking Advertising Frof Services Downtown Developmenr Board Transfers (I�I)/Out: For Fundin� Redevelopment Projects For Debt Service Requirements Fund 214 - 2096 of Tax Increments Additional Debt Servics Funds Required Reimburse General Fund - Adrn �expense Reimburse General Fund - Jolly Tr�olley Parking Fund - Checkers, Inc Parking F�rnd - Garden Ave Garage Tatal Expenditures and Transfers Out FY1996 Budeet 149,?49 132,428 282,177 15,000 10,000 15,750 6,000 10,000 6, 544 50 345,521 159,097 200 15,000 6,360 10,000 15,000 3,978 56,436 3,600 50,000 4,850 21,000 345,521 Excess of Revenues & Other Financing Suurces t7ver Exp�nditr�res and Transfers Ou# 0 121 FY1996 Year-to-Date (9 months) 148,659 i 31,463 26,960 307,082 30,671 11,81 � 4,644 10,000 7,159 315 371,684 142,516 5 1 1,250 4,770 12,679 9,572 26,960 61,416 2,700 37,500 3,537 15,750 288,756 13) FY1997 Proposed Budget 129,8Q0 1 i 5,390 23,540 2fi8,730 G0,000 0 15,750 6,004. 156,911 7.160 400 514,951 86,320 204 15,000 6,360 10,000 � a,000 23,540 � 53,746 156,935 77,040 50,0�0 4,850 21,000 614,95'i o9�ro6 Coi 3 - CoI 1 Budget Inc (Dec) (19,949) (17,038} 23,540 (13,4�7} 45,000 (10,000) 0 0 146,911 616 350 169,430 (72,77i) 0 0 0 0 (5,000) 23,540 (3,978j (2,690) 156,935 73,400 0 0 0 169,430 82,928 0 0 . City of Cloa�water CLEARWATER COMMUNiTY t�EDEVELOPMENT AGENCY Administretive Expenditures Proposed Budpet - Fiscal Yea� 1998-1997 (1) Exnenditure Descri�tion PERSONAL SERVECE 51 O1 Selaries & WaQea FT 5102 Seleriea & Wegea PT 5104 Spacial Pay 5105 Overtime Salery 5106 Vacation Leave 5107 Sick leave 5127 Haliday Time 5201 Emp Life Insurance 5203 Emp SAMP Life Inou�anca 5204 Emp Major Medic�l 5206 Emp Sociel Security 5207 Emp Pension 5209 Workers Compensation 521Q DiQability Insuranae TOTAI. OTHER OPERATING EXPENSE 530i Professiona) Services 5303 Contr�vtuel Services 5425 Posta�e 5432 Other Promotion Activities 5434 P►inting & Binding 544t Rentaf - Equipment 5442 R�ntsl - Building '5462 EQuip Svc & Repmir - Other 5472 Emp Exp - Travel 5473 Emp Exp - Auto Allawanco 5474 Emp Exp - Meals 5501 Office Supplies 5504 Opa�oting Supplies 5571 Membership & Subscriptns 5573 Training & Reference TOTAL INTERNAL SERVICE 5402 Document Reproductian 5403 Telephone SvcNariable 5404 Wiossanger Service 5406 Telephone Svc/Fixed 5407 Postel Service 540�1 Insurance Admin 54 f O Computer lnfo 5vc 5413 Frint Shop 5414 Purchsaing Service 5416 B{dg & Maint-Variable 5420 E�nployee Reletions 5421 Utilitiea - Teiephon� 5422 Utilities - Electric 5423 Gas, Wator & Utilities TOTAL CAPITAL 5642 Furniture & Office Equipment 5658 Conatruction M�terials TOTAL CRA Adrninistrative Expense FY1996 Budget 102,820 0 0 0 0 0 14 258 4,820 6,$63 0 330 360 115,265 1,000 300 750 1,750 6i0 5,400 100 5,880 650 100 800 2,350 2,500 2,000 24.190 3,000 2,650 1,230 1,�40 1,800 410 4,170 1,200 262 150 1�0 1,200 600 18,642 500 500 1,000 159,097 �.�..�.. (2) (31 FY1996 FY1997 Yeer-to-Date Proporsd (9 months) Bud�ot 4,797 30,298 20,000 10't 9,385 '! ,640 3,115 8 84 2,044 4,620 122 177 76,366 1,400 4,678 20 356 999 656 4,050 180 321 93 212 718 1,073 320 14,674 1,883 729 927 870 442 306 3,726 13 433 99 �72 1,067 684 1 1,351 125 125 102,516 .�.�.�.. ,� 0 0 0 0 0 O O O O O O O O 49,000 O 300 750 1,750 7 ,000 5,400 240 5,OQ0 sso t00 $00 2.350 2,500 2,000 63,800 3,000 2,660 1,230 1,840 1,800 600 4.17Q 1,200 300 600 130 S00 z,oao 1,000 21,�20 1,a0� 500 1,500 86,320 �� 09/09/98 16:09 (Col. 3 • Col 1) Budget Ir1C (D9C� (102.820) 0 0 0 0 0 0 I141 (258) (4,620) (8,883) 0 (330) (360) (115,265) 41,000 (1,000) 0 0 0 380 0 100 (880) 0 0 0 0 0 Q 39,610 0 0 0 0 0 190 0 0 38 450 0 500 800 400 2,378 500 0 500 t72,7771