18-01RESOLUTION NO 18-01
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF CLEARWATER, FLORIDA,
ADOPTING THE CRA FY2017/18 AMENDMENTS TO
ANNUAL OPERATING BUDGET AND CAPITAL BUDGETS;
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 AMENDMENTS TO CRA Operating and Capital
Budgets as outlined on Exhibit A.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this t -J day of vu. i , 2018.
' Cke-Oft,tf\CrAt k0(
Approved as to form:
ti k"
Pamela K. Akin
City Attorney
George N. Cretekos
Chairman
Attest:
-TM = Rosemarie Call
City Clerk
Resolution No. 18-01
Community Redevelopment Agency
Mid Year Review
For the seven month period of October 1, 2017 - April 30, 2018
2017-18 Revenue/
Adopted Expenditures
Budget To Date
Mid Year
Amended Amend
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
Transfers in
381782 DDB Administration
Total Revenues & Transfers In
1,197,190 1,198,581 1,391 1,198,581 1
1,154,490 1,151,254 (3,236) 1,151,254 1
210,440 210,139 (301) 210,139 1
2,562,120 2,559,974 (2,146) 2,559,974
50,000 47,440 50,000
68,624 40,031 - 68,624
2,680,744 2,647,445 (2,146) 2,678,598
Expenditures & Transfers Out
Operating Expenditures
530100 Professional Services 60,000 7,000 (3,112) 56,888
530300 Other Contractual Services 15,000 1 (2,000) 13,000 2
540300 Telephone Variable 1,370 721 1,370
541000 Information Technology- Fixed 22,080 12,880 22,080
541600 Building & Maintenance Variable 1,000 1,000
542200 Electric -Utility Charges 500 67 500
542500 Postage 1,000 13 1,000
543100 Advertising 2,000 2,316 2,000 4,000 2
543200 Other Promotional Activities 1,500 1,248 1,500
543400 Printing & Binding 3,000 214 3,000
544100 Equipment Rental 2,500 622 2,500
547100 Uniforms 500 500
547200 Employee Expense -Travel 5,000 966 5,000
547300 Mileage Reimbursement 1,000 - 1,000
548000 Other Services 3,000 2,795 3,000
549000 Recruitment Expense - 258 258 258 2
550100 Office Supplies 2,000 193 2,000
552500 $1,000-$4,999 Mach & Equip 2,854 2,854 2,854 2
557100 Memberships and Subscriptions 2,500 1,023 2,500
557300 Training and Reference 4,000 798 4,000
581000 Payments to Other Agencies -DDB 210,440 210,139 (301) 210,139 1
581000 Payments to Other Agencies - Blast Friday 100,000 85,714 100,000
Total Operating Expenditures 438,390 329,823 (301) 438,089
Transfers Out
590200 General Fund- Administrative 397,890 232,106 397,890
590800 Library Activation Project (94887) 97,890 97,890 97,890
590800 Downtown Gateway Project (94849) 174,930 174,930 1,391 176,321 4
590800 Downtown Beautification (99968) 25,000 25,000 25,000
590800 Restricted County TIF Funds 1,197,190 1,198,581 1,197,190
590800 Downtown Redevelopment (94714) 830 830 (3,236) (2,406)
590800 Downtown Marketing & Events (94853) 75,000 75,000 75,000
590800 Placemaking Activities (94889) 100,000 100,000 100,000
590800 Opportunity Fund (94893) 173,624 173,624 173,624
Total Transfers Out 2,242,354 2,077,961 (1,845) 2,240,509
Total Expenditures & Transfers Out 2,680,744 2,407,784 (2,146) 2,678,598
Excess of Revenues & Transfers In Over
Expenditures & Transfers Out
Budget Amendments to Operating Budget
239,661
0 0
1 To adjust budgeted revenue to actual TIF receipts, and adjust the related payment to the DDB to match actual receipts.
2 To adjust the budget to reflect actual expenditure to date.
3 To increase the budget transfer of Restricted County TIF funds to the Downtown Gateway by $1,391 for the increase
To reduce the budget transfer to the Downtown Redevelopment Project by $3,236 to compensate for the loss in tax
4 increment financing. (item 1)
Community Redevelopment Agency
CRA Capital Improvement Project Fund
Mid Year Review
For the seven month period of October 1, 2017 - April 30, 2018
Project Amendments
Project
388-92839
388-94714
388-94849
388-94852
388-94853
388-94862
388-94866
388-94885
388-94887
388-94889
388-94893
388-94895
388-94896
388-94897
388-99968
388-99979
Total
Description
Budget Proposed;.
101112017 Amendments
Mid Year Actual Expenditures
Amended Project Open
Budget To Date Encumbr Balance Status Ref
Available Amend
Downtown Intermodal
Downtown Redevelopment
Downtown Gateway
Retail Attraction! Assistance
Downtown Marketing 8 Events
Car Pro Site
Economy Inn Debt
ULI Implementation
Library Activation
Placemaking Activities
Opportunity Fund (Business Attraction)
Gateway Mercado
Downtown Wayfinding
Pierce SU Washington Ave Prop Acq
Downtown Beautification
Storefront Improvement Program
Budget Amendments to Projects
46,078
1,448,384
1,722,402
21,837
102,009
11,394
407,606
532,598
139,116
134,099
1,775,298
527,190
250,000
0
119,835
197,032
7,434,879
1,067,020
(1,263,609)
(21,837)
46,078
2,515,404 24,090
458,793 188,850
102,009 21,771
24,046 35,440 14,233
407,606
532,598 38,471
139,116 39,873
134,099 8,770
1,775,298 55,000
527,190
250,000
265,000 265,000
119,835 6,776
197,032
70,620 7,505,500 397,835
46,078
2,491,314
269,943
21,837 0
7,194 73,044
21,207 0
407,606
6,809 487,318
99,243
125,329
600,000 1,120,298
527,190
250,000
265,000
113,059
197,032
657,047 6,472,455
1
2
C 3
4
5
To record a net increase of $1,067,020.37 reflecting the following amendments: 1) an increase of $1,072,465 representing prior year excess cash to bring
the budget in line with actual cash received in the project; 2) a budget decrease of $3,236 in City tax increment receipts; and 3) a transfer of $2,209 to 388-
1 94862, Car Pro Site for another year of environmental monitoring.
To record a net decrease of $1,263,609 representing the following amendments: 1) a transfer of $1,000,000 from 388-94849, Downtown Gateway, to
ENGF180001, Downtown Streetscaping, for the funding of Cleveland Streetscape Phase III as noted in the conceptual plan for Cleveland Streetscape Phase
III and the Festival Plaza approved by Council on January 19, 2017; 2) a budget increase of $1,391 in County tax increment receipts; and 3) a transfer of
2 $265,000 to 388-94897, Pierce SUWashington Ave Property Acquisition.
3 To record a transfer of $21,837.18 from 388-94852, Retail Attraction/Assistance, to 388-94862, Car Pro Site. (close project)
To record a budget increase of $24,046.18 representing transfers of $21,837.18 from 388-94852, Retail Attraction/Assistance; $2,209 from 388-94714,
4 Downtown Redevelopment.
To establish the project and record a budget increase $265,000 representing the following transfers: 1) $255,800 from 388-94849, Downtown Gateway, as
approved by CRA on October 16, 2017 (agenda item #17-3921); 2) $1,500 from 388-94849, Downtown Gateway, as approved by CRA on December 4, 2017
5 (agenda item #17-4064); and 3) $7,700 from 388-94849, Downtown Gateway, to provide funding for property maintenance. (see item 2 above)