19-03RESOLUTION NO 19-03
A RESOLUTION OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF
CLEARWATER, FLORIDA, ADOPTING THE CRA
FY2018/19 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 FY2018/19 AMENDMENTS TO CRA Operating Budget as
outlined on Exhibit A.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 16th day of September 2019.
Approved as to form:
Michael Fuino
CRA Attorney
George N. Cretekos
Chairman
Attest:
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To(' Rosemarie Call
City Clerk
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Resolution No. 19-03
Community Redevelopment Agency
EXHIBIT A
Third Quarter Review
FY 2018/19 Revenue/ Third Quarter
Adopted Expenditures Proposed Amended Amend
Budget To Date Amendments Budget Ref
Revenues & Transfers In
Tax Increment Financing Revenues
338930 Pinellas County 1,602,371 1,602,618 247 1,602,618 1
381115 City of Clearwater 1,539,879 1,779,126 239,247 1,779,126 1
381116 Downtown Development Board 274,651 274,822 171 274,822 1
Total TIF Revenues 3,416,901 3,656,566 239,665 3,656,566
Other Revenues
361101 Interest Earnings 50,000 159,842 149,850 199,850 2
Transfers In
381782 DDB Administration 71,026 59,188 71,026
Total Revenues & Transfers In
3,537,927 3,875,596 389,515 3,927,442
Expenditures & Transfers Out
Operating Expenditures
530100 Professional Services 100,000 57,098 100,000
530300 Other Contractual Services 64,900 2 (33,677) 31,223 3
540200 Postal Service 200 361 161 361 3
540300 Telephone Variable 2,000 2,216 2,000
541000 Information Technology- Fixed 24,020 20,017 24,020
541600 Building & Maintenance Variable 1,000 1,000
542200 Electric -Utility Charges 200 74 200
542500 Postage 500 (161) 339 3
543100 Advertising 4,000 - 8,188 12,188 3
543200 Other Promotional Activities 3,000 680 3,000
543400 Printing & Binding 3,000 1,860 3,000
544100 Equipment Rental 2,500 1,036 2,500
547100 Uniforms 1,000 181 1,000
547200 Employee Expense -Travel 7,500 1,474 7,500
547300 Mileage Reimbursement 1,500 379 1,500
548000 Other Services 3,000 407 3,000
548700 Relocation Expense - 2,236 2,236 2,236 3
549000 Recruitment Expense 400 (237) 163 3
550100 Office Supplies 2,000 487 2,000
550400 Operating Expense - 167 167 167 3
557100 Memberships and Subscriptions 3,000 3,245 500 3,500 3
557200 Official Recognition - 70 70 70 3
557300 Training & Reference 6,000 3,783 6,000
581000 Payments to Other Agencies -DDB 274,651 274,822 171 274,822 1
581000 Payments to Other Agencies - Blast Friday 100,000 100,000 100,000
Total Operating Expenditures 604,371 470,595 (22,583) 581,789
Transfers Out
590200 General Fund- Administrative 408,740 408,740 62,000 470,740 4
590800 Library Activation Project (94887) 97,260 97,260 97,260
590800 Downtown Beautification (99968) 25,000 25,000 25,000
590800 Restricted County TIF Funds 1,602,371 1,602,618 1,602,371
590800 Downtown Redevelopment (94714) 121,026 121,026 250,097 371,123 5
590800 Downtown Marketing & Events (94853) 100,000 100,000 100,000
590800 Placemaking Activities (94889) 200,000 200,000 100,000 300,000 5
590800 CarPro 31,530 31,530 31,530
590800 Pierce/Washington 250,000 250,000 250,000
590800 Streetscape and Trail Improvements 97,629 97,629 97,629
Total Transfers Out 2,933,556 2,933,803 412,097 3,345,653
Total Expenditures & Transfers Out 3,537,927 3,404,398 389,515 3,927,442
Excess of Revenues & Transfers In Over
Expenditures & Transfers Out 471,198 0 0
Budget Amendments to Operating Budget
1 To adjust budgeted revenue to actual TIF receipts, and adjust the related payment to the DDB to match actual receipts.
2 To adjust budgeted interest revenue to actual receipts to date.
3 To adjust the budget to reflect actual expenditure to date.
4 To increase the budget transfer to General Fund from CITY TIF funds to off set the cost of salary and benefits.
To increase the budget transfer to the Downtown Redevelopment project by $250,097 and Placemaking Activities by
5 $100,000 to compensate for the increase in tax increment financing. (item 1 & 2)