17-03RESOLUTION NO 17 -03
A RESOLUTION OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF
CLEARWATER, FLORIDA, ADOPTING THE CRA
FY2017/18 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 FY2017/18 CRA Operating Budget as outlined on Exhibit A.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 5th day of September, 2017.
—G(eA rle tC' r
Approved as to form:
Pame a K. Akin
City Attorney
George N. Cretekos
Chairman
Attest:
LA ,4__/161
Rosemarie Call
City Clerk
Resolution No. 17 -03
Community Redevelopment Agency
Preliminary Budget
October 1, 2017- September 30, 2018
Exhibit A
2016 -17
2017 -18
Amended
Proposed
Budget
Budget
Revenues & Transfers In
Tax Increment Financing Revenues
338930
Pinellas County
1,041,374
1,197,190
381115
City of Clearwater
1,005,363
1,154,490
381116
Downtown Development Board
188,289
210,440
Total TIF Revenues
2,235,026
2,562,120
Other Revenues
361101
Interest Earnings
50,000
50,000
369901
Other General Revenue
Transfers In
381782
DDB Administration
66,950
68,624
Total Revenues & Transfers In
2,351,976
2,680,744
Expenditures & Transfers Out
Operating Expenditures
530100
Professional Services
60,000
60,000
530300
Contractual Services
10,000
15,000
540300
Telephone Variable
1,250
1,370
541000
Information Technology -Fixed
11,790
22,080
541600
Building & Maintenance Variable
1,000
1,000
542200
Electricity- Utility
1,000
500
542500
Postage
1,000
1,000
543100
Advertising
2,500
2,000
543200
Other Promotional Activities
1,500
1,500
543400
Printing & Binding
3,500
3,000
544100
Equipment Rental
2,500
2,500
547100
Uniforms
500
500
547200
Employee Expense - Travel
7,000
5,000
547300
Milage Reimbursment
1,500
1,000
548000
Other Services
4,000
3,000
550100
Office Supplies
3,000
2,000
557100
Memberships and Subscriptions
2,500
2,500
557300
Training and Reference
6,000
4,000
581000
Payments to Other Agencies -DDB
188,289
210,440
581000
Payments to Other Agencies -Blast Friday
100,000
100,000
Total Operating Expenditures
408,829
438,390
Transfers Out
590200
General Fund- Administrative
395,141
397,890
590800
Library Activation Project (94887)
100,270
97,890
590800
Downtown Gateway Project (94849)
169,109
174,930
590800
Downtown Beautification (99968)
25,000
25,000
590800
Restricted County TIF Funds
1,042,546
1,197,190
590800
Downtown Redevelopment Fund (94714)
1,081
830
590800
Downtown Marketing & Events (94853)
80,000
75,000
590800
Placemaking Activites (94889)
60,000
100,000
590800
Opportunity Fund (94893)
173,624
Total Transfers Out
1,918,147
2,242,354
Total Expenditures & Transfers Out
2,326,976
2,680,744