RESOLUTION 06-01 - ADOPTING THE CRA FY2006/07 ANNUAL OPERATING BUDGET
RESOLUTION NO. 06-01
A RESOLUTION OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF
CLEARWATER, FLORIDA, ADOPTING THE CRA
FY2006/07 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 FY2006/07 CRA Operating Budget as outlined on Exhibit
A.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 15th day of August, 2006.
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Frank V. Hibbard
Chairman
Approved as to form:
lb41
Pamela K. Akin
City Attorney
Attest:
~1. J.l..AI.r._
Cy t ia E. Go1:rdeau'
City lerk . ..
Resolution No. 06-01
Community Redevelopment Agency Exhibit A
FY06/07 Budget
For the Period of October 1, 2006 - September 30, 2007
2005/06 2006/07
Amended Preliminary Difference
Budget Budget
Revenues & Transfers In
Tax Increment Financing Revenues
338930 Pinellas County 784,450 1,221,668 437,218
381115 City of Clearwater 734,887 1,114,721 379,834
381116 Downtown Development Board 114,445 167,543 53,098
Total TIF Revenues 1,633,782 2,503,932 870,150
Other Revenues
361101 Interest Earnings 15,000 15,000 0
Transfers In
381782 DDB Administration 51,099 53,143 2,044
381782 Loan Payment From DDB 7,848 7,848 0
Transfer from Surplus 350,000 0 -350,000
Total Revenues & Transfers In 2,057,729 2,579,923 522,194
EXDenditures & Transfers Out
Operating Expenditures
530100 Professional Services 50,000 75,000 25,000
540200 Document Reproduction 4,200 4,200 0
543100 Advertising 5,000 5,000 0
543600 Taxes 15,000 0 -15,000
547200 Employee Expense-Travel 5,000 5,500 500
548000 Other Services 200 2,200 2,000
550100 Office Supplies 1,000 1,000 0
550400 Operating Supplies 500 500 0
557100 Memberships and Subscriptions 2,000 3,000 1,000
557300 Training and Reference 1,500 3,000 1,500
571200 Principal Payment for Loan 120,402 120,402 0
571220 Interest Payment for Loan 11,739 4,000 -7,739
581000 Payments to Other Agencies-DDB 114,445 167,543 53,098
582000 Aid to Private Organizations 55,000 56,000 1,000
Total Operating Expenditures 385,986 447,345 61,359
Transfers Out
590200 General Fund- Administrative 191,253 253,141 61,888
590200 Clearwater Auto Site 350,000 55,000 -295,000
590800 Restricted County TIF Funds 784,450 1,221,668 437,218
590800 Fa~de Improvement Grant Fund 50,000 50,000 0
592400 Redevelopment Projects Fund 296,040 552,769 256,729
Total Transfers Out 1,671,743 2,132,578 460,835
Total Expenditures & Transfers Out 2,057,729 2,579,923 522,194
Excess of Revenues & Transfers In Over
Expenditures & Transfers Out $ $