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13-02RESOLUTION NO 13-02 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA, ADOPTING THE CRA FY2013/14 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 FY2013/14 CRA Operating Budget as outlined on Exhibit A. Section 2. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 12th day of August, 2013. Approved as to form: Pamela K. Akin City Attorney — c(eo/(c ncrEe.os George N. Cretekos Chairman Attest: Rosemarie Call City Clerk Resolution No. 13 -02 Community Redevelopment Agency Approved Budget October 1, 2013- September 30, 2014 Exhibit A 2012 -2013 2013 -2014 Amended Proposed Budget Budget Revenues & Transfers In Tax Increment Financing Revenues 338930 Pinellas County 694,774 788,531 381115 City of Clearwater 705,801 761,541 381116 Downtown Development Board 132,183 142,573 Total TIF Revenues 1,532,758 1,692,645 Other Revenues 361101 Interest Earnings 100,000 40,000 369901 Other General Revenue Transfers In 381782 DDB Administration 63,724 63,724 381782 Loan Payment From DDB 7,848 7,848 381888 Interest from Fund 388 Clw Auto Tax Credit Reserves 389902 Allocation of Reserves Total Revenues & Transfers In 1,704,330 $1,804,217 Expenditures & Transfers Out Operating Expenditures 530100 Professional Services 60,000 60,000 530300 Contractual Services 540200 Document Reproduction - 540300 Telephone Variable 1,000 1,000 540700 Postal Service 1,000 500 541500 Garage Variable 3,600 542200 Electricity- Utility 1,000 1,000 542300 Gas, Water, Sanitation - 542500 Postage Advertising 200 5,000 200 5,000 543100 543200 Other Promotional Activities 5,000 5,000 543400 Printing & Binding 2,500 2,500 547100 Uniforms 150 150 547200 I Employee Expense - Travel 5,000 5,000 547300 Milage Reimbursment 1,000 1,300 548000 Other Services 2,200 2,000 550100 Office Supplies 1,000 1,000 550400 Operating Supplies 3,000 3,000 557100 Memberships and Subscriptions 2,000 2,000 557300 Training and Reference 2,000 2,000 581000 Payments to Other Agencies -DDB 132,183 142,573 581000 Payments to Other Agencies -Ruth Eckerd Hall 148,000 581000 Payments to Other Agencies -Blast Friday 75,000 75,000 582000 Aid to Private Organizations 6,000 6,000 Total Operating Expenditures 456,833 315,223 Debt Payments Economy Inn - Interest on Loan - Total Debt - Transfers Out 590200 General Fund- Administrative 376,603 364,088 590800 East Gateway Project (94849) 164,786 590800 Streetscape Phase 2 (92275) 590800 Cleveland Street Maintenance (99968) 20,000 590800 Waters Edge (Opus) 107,123 590800 Station Square DA 590800 Marriott Residence Inn (94856) 590800 Economy Inn Acquistion/ Demolition - 590800 Economy Inn - 590800 Restricted County TIF Funds 690,273 788,531 590800 Fagade Improvement Grant Fund - 590800 Downtown Redevelopment Fund (94714) 73,498 590800 CarPro Site (94862) - 590800 Affordable Housing Projects (94851) - 590800 Retail Attraction /Assistance (94852) - 590800 Cleveland Street Branding (94853) - 10,000 590800 Capitol Theatre Contribution (94870) 141,589 590800 Technology District Incentives ( 94872) 590800 Prospect Lake Retail Assistance Total Transfers Out 1,247,497 1,488,994 Total Expenditures & Transfers Out 1,704,330 1,804,217 Excess of Revenues & Transfers In Over Expenditures & Transfers Out