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07-01 RESOLUTION NO. 07-01 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA, ADOPTING THE CRA FY2007/08 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 FY2007/08 CRA Operating Budget as outlined on Exhibit A. Section 2. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 4th day of September, 2007. ~~j/~ -E.I:i'nk V. Hibbard ' Chairman Approved as to form: J!JM Pamela . Akin City Attorney Attest: Resolution No. 07-01 Community Redevelopment Agency ~ .~--- ----~~~-------_.._-~~----~._._---_.._-------- ..._. u_~__.__._____fY07/081:J.~Jl.e.!___ ._____ .__ For the Period of October 1, 2007 - September 30, 2008 -- _....u .------..---------------1 -----r---- __________ _u__u_ _L_~.Q.Q6/()7_, 200!!Q!l_ ___ ___________________ 1 Amended _ J . - ----,--------suclge-t-- I Budget . .--- -i --- Revenues & Transfers In -- :ra~ IIl~rel1le.!ltF~n~ll~ng R~"enue!~_____ ___~~8~~ __ Pine lias County 381115 City of Clearwater____ 381116 Downtown Development Soard Total TIF Revenues Other Revenues ---3611 011 Interest Earnings -- Transfers In -------------- --- 381715 Capital Improvement Fund 381781 Special Program Fund 381782 DDS Administration -- ------- - ---- 381782 Loan Payment From DDS Total Revenues & Transfers In ___~1.J15d~~ 1,062,123 164,364 2,341,871 15,000 1,686,914 _ _~_819,747 53,143 7,848 4,924,523 __.._ u__ _ ..._....__,,__ Exoenditures & Transfers Out 1,057,837 1,014,085 158,971 2,230,893 100,000 o o 55,269 7,848 2,394,010 Exhibit A -- - -.- ...- ""O-iff,irence - I --. -------------.- -- -57,547 -48,038 -5,393 -110,978 85,000 -- -1,686,914 -819,747 .~~ ---.-----.. 2,126 o (2,530,513) -- -- Operating Expenditures =~}i%~L:--Wf.ir~;;:7:~~;~~;O:- --- ..... 75,000 85000_ 1~__ ---15:4~;8-201~0-~0r-i ~---.t+AoE~t-h1eeIr~s~~ei:rv\i-cxe~S~n~e~~ra;;el.------=:~__=--:-ji,= ..... t!i!1 .... '. :i!!! .---c:t=---- c ~J~~i -----~:;~~---- 1,~~*-___ - -5501001- -IOffice Supplies - - ____u -- r-1,OCJot ----Tooa ---61 - _~50400t__jQP.Elrating Supplies - +--.- -- 500r- ---------500-.-01 . ~ ~!5~!~O _-;embershiPs-~nd-sub:C~~P~:~s - - =_ ;_ __~:.~~ - _.~:QQ~~__:=:~-.==~~~-~_n____1J>OOC_-~ _ _~57}QQ __ . ..'T!<!iJ1ing ~nd Reference I 3,000 4,000 I . _J.,QQQ'_______ _..J712IO _ Principal Payment for Loan 120,4~__ 0' -120,402 571220 Interest Payment for Loan 4,000 0 -4,000 __._.__!5_8..1.O...JlO... _ Payments to Other Agencies-DDS 1~ 158,971 -5:393 --------- _ _158..2000 Aid to Private Organizations 56,000 6,000 -50,000 __ __ __H _ Total Operating Expenditures 447,166 295,671 -151,495 --- -----. -.-.----. Transfers Out 590200' 5~16ioor-- n__ ---t-- _ 5~0~QOt_ 590200 ----- 590800 -------- f-- 590800 -- --..--- --_._--- 590800 598800 General Fund- Administrative .. ECl.ll!Gatew~i'.Project~4849)____ 1Cleveland Street Maintenance (99968) T------------- .-----.--------. IClearwater Auto Site (99881) ... ~_stricte2.S;<>.unty TIF Funds Fa"ade Improvement Grant Fund Redevelopment Projects Fund CRA-Capitallmprovement Fund Total Transfers Out 253,141 o o --~---- 55,000 1,115,384 50,000 500,171 2,503,661 4,477,357 -- --.".- 293,726 40,585 "~-- ----.-.-- 50,000 50,000 ----.-.- ---- 10,060 10,000 -- 132,6591 77 ,659 --~ 1,057,837 -57,547 1 30,000 -20,000 --------- 524,117 23,946 -- 0 -2,503,661 2,098,339 -2,379,018 _ __ _ nm>.__ Total Expenditures & Transfers Out I -ExcessoTReve~s & Tra-ilsters.fn-over----+- ----1 --- I ---..---.-. --.-.----.----~.----.-.-"-- ---~-~---------------- -------.-----.---.-.~.--.- --..-- - '-- -- "-....--t- - ----- --- --------t-- ----~. ----.--- Expenditures & Transfers Out i $ . -- $--- ..- - , 1 ===-~==r~~~:~-=-_-=--==-~:=~______:~- .~.+---- - -.. .---- .--r___----- --~----.- ._--in~_..=~~.~ 1. County Restricted TIF - breakdown of transfers to projects: Cleveland sireelScape 11-(92269)$357,837;ciElarwater Auto .u_ site(99-SS-ff$300,000; StationSquare Park (94848) $400,000 - Total $1,057,837~ I --- .- 4,924,523 2,394,010 -2,530,513