12-01RESOLUTION NO 12-01
A RESOLUTION OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF
CLEARWATER, FLORIDA, ADOPTING THE CRA
FY2011/12 AMENDMENTS TO ANNUAL OPERATING
BUDGET; PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Community Redevelopment Agency (CRA) annual budget
requirements have been clarified and Section 189.418(3), of the Florida Statutes
require that CRA's adopt their annual budgets by resolution; now, therefore,
BE IT RESOLVED BY THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF
CLEARWATER, FLORIDA:
Section 1. Adopt the FY2011/12 AMENDMENTS TO CRA Operating Budget as
outlined on Exhibit A.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 14th day of May, 2012.
Approved as to form:
Pamela K. Akin
City Attorney
KEN BURKE, CLERK OF COURT
PINELLAS COUNTY FLORIDA
INST# 2012150488 05/25/2012 at 09:78 AM
OFF REC BK: 17593 PG: 901�02
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George N. Cretekos
Chairman
Attest:
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City Clerk
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Resolution No. 12-01
Community Redevelopment Agency
Mid Year Review
For the Six Month Period of October 1, 2071 - March 30, 2012
Revenues & Transfers In
Tax Increment Financing Revenues
338930 Pinellas County
381115 City of Clearwater
381116 Downtown Development Board
Total TIF Revenues
Other Revenues
361101 Interest Earnings
369901 Other General Revenue
Transfers In
381782 DDB Administration
381782 Loan Payment From DDB
381710 Cleanvater Auto Tax Credit
Reserves
389902 Allocation of Prior Year Reserves
Total Revenues & Transfers in
Exoenditures & Transfers Out
Operating Expenditures
530100 Professional Services
540300 Telephone Variable
540700 Postal Service
541500 Garage Variable
542200 Electric-Utility Charges
542500 Postage
543100 Advertising
543200 Other Promotional Activities
543400 Printing & Binding
547100 Uniforms
547200 Employee Expense-Travel
547300 Mileage Reimbursement
548000 Other Services
550100 Office Supplies
550400 Operating Supplies
557100 Memberships and Subscriptions
557300 Training and Reference
581000 Payments to Other Agencies-DDB
581000 Payments to Other Agencies - Ruth Eckerd
581000 Payments to Other Agencies - Blast Friday
582000 Aid to Private Organizations
Total Operating Expenditures
Debt Payments
Economy Inn - Interest on loan
Total Debt
Transfers Out
590200 Generai Fund- Administrative
590800 Downtown Redevelopment (94714)
590800 East Gateway Project (94849)
590800 Cleveland Street Maintenance (99968)
590800 Waters Edge (Opus) (94860)
590800 Marriott Residence Inn (94856)
590800 Restricted County TIF Funds
Total Transfers Out
Total Expenditures 8� Transfers Out
Excess of Revenues & Transfers In Over
Expenditures & Transfers Out
Budget Amendments to Operating Budget
2017/12 Revenue/ ' Mid i�i�Ir ' Mid Year
Adopted Expenditures ' Propc�sed ', Amended Amend
Budaet To Date �4mendmsrwls' Budaet Ref
728,362 715,575 (12,787) 715,575
770,267 756,740 (13,527) 756,740
144,252 141,720 (2,532) 141,720
1,642,881 1,614,035 (28,846) 1,614,035
120,000 61,997 120,000
62,170 31,085 62,170
7,848 7,848 7,848
417,432 (417,432) -
417,432 417,432
2,250,331 1,714,965 (28,846) 2,227,485
60,000 1,250 60,000
1,500 466 1,500
2,000 11 2,000
3,600 3,600
93
200 200
10,000 2,700 10,000
10,000 105 10,000
5,000 336 5,000
150 150
5,000 222 5,000
234 -
2,200 175 2,200
1,000 580 1,000
3,000 3,000
4,000 855 4,000
4,000 100 4,000
144,252 (2,532) 141,720
148,000 51,941 148,000
75,000 75,000 75,000
6,000 6,000 6,000
484,902 140,068 (2,532) 482,370
66,500 66,500
66,500 - 66,500
355,801 177,900 355,801
305,942 305,942 (26,314) 279,628
150,797 150,797 150,797
10,000 10,000 10,000
115,808 115,808 115,80$
32,219 32,219 32,219
728,362 728,362 728,362
1,698,929 7,521,028 (26,314) 1,672,615
2,250,331 1,661,096 (28,846) 2,221,485
- 53,869 - -
To recognize an adjustment to the original adopted budget for the Clearwater Auto tax credit. These funds were
unexpectedly received in September 2011 during the previous fiscal year.
To reduce the budget transfer to the Downtown Redevelopment project by $26,314 to compensate for the loss in
tax increment financing revenue for the fiscal year.