13-01RESOLUTION NO 13-01
A RESOLUTION OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF
CLEARWATER, FLORIDA, ADOPTING THE CRA
FY2012/13 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 FY2012/13 AMENDMENTS TO 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:
Pi N
Pamela K. Akin
City Attorney
geavie nclrkkos
George N. Cretekos
Chairman
Attest:
L‘;‘,1-0 aka.
Rosemarie Call
City Clerk
Resolution No. 13 -01
Community Redevelopment Agency
Budget Review
For the Nine Month Period of October 1, 2012 - June 30, 2013
2012/13 Revenue/
Adopted Expenditures Proposed Amended Amend
Budget To Date Amendments Budget Ref
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
690,273 694,774 4,501 694,774 1
729,974 705,801 (24,173) 705,801 1
136,709 132,183 (4,526) 132,183 1
1,556,956 1,532,758 (24,198) 1,532,758
100,000 34,251 100,000
381782 DDB Administration 63,724 47,043 63,724
381782 Loan Payment From DDB 7,848 7,848 7,848
381710 Clearwater Auto Tax Credit - -
Use of Fund Reserves
389902 Allocation of Prior Year Reserves
Total Revenues & Transfers In
1,728,528 1,621,900 (24,198) 1,704,330
Expenditures & Transfers Out
Operating Expenditures
530100 Professional Services 60,000 30,493 60,000
540300 Telephone Variable 1,000 633 1,000
540700 Postal Service 1,000 3 1,000
541500 Garage Variable 3,600 3,600
542200 Electric - Utility Charges 1,000 17 1,000
542500 Postage 200 200
543100 Advertising 5,000 5,000
543200 Other Promotional Activities 5,000 5,000
543400 Printing & Binding 2,500 1,327 2,500
547100 Uniforms 150 150
547200 Employee Expense - Travel 5,000 1,185 5,000
547300 Mileage Reimbursement 1,000 492 1,000
548000 Other Services 2,200 196 2,200
550100 Office Supplies 1,000 339 1,000
550400 Operating Supplies 3,000 73 3,000
557100 Memberships and Subscriptions 2,000 1,746 2,000
557300 Training and Reference 2,000 1,877 2,000
581000 Payments to Other Agencies -DDB 136,709 132,183 (4,526) 132,183 2
581000 Payments to Other Agencies - Ruth Eckerd 148,000 47,901 148,000
581000 Payments to Other Agencies - Blast Friday 75,000 75,000 75,000
582000 Aid to Private Organizations 6,000 6,000 6,000
Total Operating Expenditures 461,359 299,465 (4,526) 456,833
Debt Payments
Economy Inn - Interest on Loan -
Total Debt
Transfers Out
590200 General Fund- Administrative 376,603 282,456 376,603
590800 Downtown Redevelopment (94714) 93,170 93,170 (19,672) 73,498 2
590800 East Gateway Project (94849) - -
590800 Cleveland Street Maintenance (99968) - -
590800 Waters Edge (Opus) (94860) 107,123 107,123 107,123
590800 Marriott Residence Inn (94856) - -
590800 Restricted County TIF Funds 690,273 690,273 690,273
Total Transfers Out 1,267,169 1,173,022 (19,672) 1,247,497
Total Expenditures & Transfers Out 1,728,528 1,472,487 (24,198) 1,704,330
Excess of Revenues & Transfers In Over
Expenditures & Transfers Out 149,413
Budget Amendments to Operating Budget
1 To adjust budgeted revenue to actual TIF receipts.
To reduce the payment to the DDB by $4,526 and the budget transfer to the Downtown Redevelopment project by
2 $19,672 to compensate for the loss in tax increment financing revenue for the fiscal year.