20-01RESOLUTION NO 20-01
A RESOLUTION OF THE COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF
CLEARWATER, FLORIDA, ADOPTING THE CRA
FY2019/20 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 FY2019/20 AMENDMENTS TO CRA Operating Budget as
outlined on Exhibit A.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 13th day of July 2020.
Approved as to form:
Michael Fuino
CRA Attorney
Fr. k V. Hibbard
airman
Attest:
tyL
Rosemarie Call
City Clerk
Resolution No. 20-01
Community Redevelopment Agency
EXHIBIT A
Mid Year Review
FY 2019-2020 Revenue/ Variance Mid Year
Adopted Expenditures Encmbmce YTD Act/Encmb Proposed Amended Amend
Budget To Date vs. Budget Amendments Budget Ref
Revenues & Transfers In
Tax Increment Financing Revenues
338930 Pinellas County 1,658,145 1,791,123 (132,978) 132,978 1,791,123 1
381115 City of Clearwater 1,841,094 1,988,861 (147,767) 147,767 1,988,861 1
338935 Downtown Development Board 286,023 302,603 (16,580) 16,580 302,603 1
Total TIF Revenues 3,785,262 4,082,587 (297,325) 297,325 4,082,587
Other Revenues
361101 Interest Earnings
369906 DDB Administration Reimburse
50,000 78,485
73,512
49,008
(28,485) 28,485 78,485 2
24,504 -
73,512
Expenditures & Transfers Out
Operating Expenditures
530100 Professional Services 100,000 25,650 54,825 19,525 100,000
530300 Other Contractual Services 70,000 - 70,000 70,000
540200 Postal Service 1,500 1 - 1,500 1,500
540300 Telephone Variable 3,360 1,810 1,550 3,360
541000 Information Technology- Fixed 22,960 15,307 7,653 22,960
541600 Building & Maintenance Variable 1,000 - 1,000 1,000
542500 Postage 200 - - 200 200
543100 Advertising 40,000 20,789 4,625 14,586 40,000
543200 Other Promotional Activities 10,000 5,902 - 4,098 10,000
543400 Printing & Binding 9,000 223 8,777 9,000
544100 Equipment Rental 2,500 866 1,634 2,500
547100 Uniforms 500 371 129 500
547200 Employee Expense -Travel 10,000 2,511 7,489 10,000
547300 Mileage Reimbursement 1,500 862 638 1,500
548000 Other Services 3,000 291 2,709 3,000
550100 Office Supplies 2,040 468 1,572 2,040
550400 Operating Expense 500 14 486 500
557100 Memberships and Subscriptions 5,000 4,148 852 - 5,000
557300 Training & Reference 6,000 6,973 (973) 2,000 8,000 3
581000 Payments to Agencies -DDB 286,023 302,603 - (16,580) 16,580 302,603 1
581000 Payments to Agencies -Blast Friday 100,000 42,857 57,143 0 100,000
Total Operating Expenditures 675,083 431,644 116,593 126,846 18,580 693,663
Transfers Out
590200 General Fund- Administrative 473,680 245,280 228,400
590800 Library Activation Project (94887) 99,640 99,640
590800 Downtown Gateway Project (94849) 186,291 186,291
590800 Restricted County TIF Funds 1,658,145 1,658,145
590800 Downtown Redevelopment (94714) 565,935 565,935
590800 Facade Program (99979) 250,000 250,000
590800 Economic Development -City (R2003) - -
590800 Housing -County (R2010) -
Total Transfers Out
174,252
132,978
473,680
99,640
186,291
1,658,145
565,935
250,000
174,252 4
132,978 4
3,233,691
3,005,291
228,400
307,230
3,540,921
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 expenditures to date.
To transfer additional TIF revenues and interest earnings to the following projects: $174,252 in City TIF/interest to P2003, Economic
4 Development - City; and $132,978 in County TIF to 82010, Housing - County.
1
Community Redevelopment Agency
CRA Capital Improvement Project Fund
Mid Year Review
For the eight month period of October 1, 2019 - May 30, 2020
Project
Description
Budget Proposed
10/1/2019 Amendments
Mid Year Actual Expenditures
Amended Project Open
Budget To Date Encumbr Balance Status Ref
Available Amend
94714 Downtown Redevelopment
94849 Downtown Gateway
94853 Downtown Marketing & Events
94862 Car Pro Site
94866 Economy Inn Debt
94885 ULI Implementation
94887 Library Activation
94889 Placemaking Activities
94893 Opportunity Fund (Business Attract)
94895 Gateway Mercado
94896 Downtown Wayfinding
94897 Pierce St/ Washington Ave Acq
99968 Downtown Beautification
99979 Storefront Improvement Program
R1901 Streetscape & Trail Improvements
R2001 Community Policing
R2002 Community Engagement
R2003 Economic Development- City
R2004 Economic Development- County
R2005 Infrastructure- City
R2006 Infrastructure- County
R2007 Transportation -City
R2008 Transportation- County
R2009 Housing- City
R2010 Housing- County
Total
Budget Amendments to Projects
7,280,233 (2,166,060) 5,114,173 5,114,173
2,449,366 (59,987) 2,389,379 2,389,379
355,443 (29,536) 325,907 325,907
410,576 10,914 421,490 421,490
2,073,000 (85,738) 1,987,262 1,987,262
1,000,000 (327,466) 672,534 672,534
494,660 (94,715) 399,945 399,945
535,042 (348,884) 186,158 186,158
1,775,298 (643,142) 1,132,156 1,132,156
627,190 (602,504) 24,686 24,686
500,000 (500,000) -
515,000 (257,792) 257,209 257,209
210,921 (101,664) 109,256 109,256
664,988 (336,372) 328,617 328,617
250,000 (250,000) -
914,986 914,986 47,923
1,996,578 1,996,578 700,191
688,242 688,242 65,040
101,664 101,664
500,000 500,000
97,629 97,629
152,371 152,371
2,201,078 2,201,078 1,247,000
867,063
1,296,387
623,202
101,664
500,000
97,629
152,371
753,000
19,141,717 859,605 20,001,322 13,348,773 2,060,154 4,391,317
C 1,2,3
C 4
C 5
C 6,7
C 8
C 9
C 10
C 11,12
C 13
C 14
C 15
C 16
C 17
C 18
C 19
20
21
22
23
24
25
26
27
28
29
To increase the budget by $497,974.59 representing excess TIF revenues representing excess cash from FY18 and FY19 to bring the budget in line
1 with actual cash received.
2 To record a transfer of $30,000 from 94714, Downtown Redevelopment to 94862, Car Pro as approved by the board on 11/18/2019.
To record a transfer of $565,935.00 from 94714, Downtown Redevelopment to R2003, Economic Development -City; and $2,068,099.99 from 94714,
3 Downtown Redevelopment to R2010, Housing -County. (close project)
4 To record a transfer of $59,986.68 from 94849,Downtown Gateway to R2002, Community Engagement and close project. (close project)
To record a transfer of $29,535.75 from 94853, Downtown Marketing & Events to R2002, Community Engagements and close project. (close
5 project)
6 To record an increase of $30,000 from 94714, Downtown Redevelopment as approved by the board on 11/18/19.
7 To record a transfer of $19,086.27 from 94862, Car Pro to R2003, Economic Development -City and close projec0.t (close project)
8 To record a transfer of $85,738.10 from 94866, Economy Inn, to R2004 Economic Development- County and dose project. (close project)
9 To record a transfer of $327,465.52 from 94885, ULI Implementation, to R2002, Community Engagement, and close project. (close project)
10 To record a transfer of $94,714.52 from 94887, Library Activation, to R2002, Community Engagement, and dose project. (close project)
11 To record a budget increase of $54,400 in revenues from the DDB to assist with program expenses.
12 To record a transfer of $403,283.70 from 94889, Placemaking Activities, to R2002, Community Engagement, and close project. (close project)
13 To record a transfer of $643,141.77 from 97893, Opportunity Fund, to R2003, Economic Development- City, and close project. (close project)
14 To record a transfer of $602,503.75 from 94895, Gateway Mercado, to R2004, Economic Development- County, and close project. (close project)
15 To record a transfer of $500,000 from 94896, Downtown Wayfinding, to R2006, Infrastructure- County, and close project. (close project)
2
Community Redevelopment Agency
CRA Capital Improvement Project Fund
Mid Year Review
For the eight month period of October 1, 2019 - May 30, 2020
Budget Amendments to Projects (continued)
To record a transfer of $257,791.50 from 94897, Pierce SU Washington St Prop Acquisition, to R2003, Economic Development- City, and close
16 project. (close project)
17 To record a transfer of $101,664.32 from 99968, Downtown Beautification, to R2005, Infrastructure -City, and close project. (close project)
To record a transfer of $336,371.85 from 99979, Storefront Improvement Program to R2003, Economic Development- City, and close project.
18 (close project)
To record a transfer of $97,629.00 from R1901, Streetscape & Trail Improvements, to R2007, Transportation- City, and $152,371.00 from R1901,
19 Streetscape & Trail Improvements, to R2008, Transportation -County, and close project. (close project)
20 To establish the project.
To establish the project and record a budget increase of $914,986.17 representing the following transfers: $59,986.68 from 94849, Downtown
Gateway; $29,535.75 from 94853, Downtown Marketing and Events; $327,465.52 from 94885, ULI Implementation; $94,714.52 from 94887, Library
21 Activation; and $403,283.70 from Placemaking Activities.
To establish the project and record a budget increase of $1,996,578.39 representing the following amendments: an increase of $174,252 in FY20
additional City TIF revenues; transfers of $565,935.00 from 94714, Downtown Redevelopment; $19,086.27 from 94862, Car Pro; $643,141.77 from
22 Opportunity Fund; $257,791.50, from 94897, Pierce SUVVashington Ave Prop Acq; and $336,371.85 from 99979, Storefront Improvement Program.
To establish the project and record a budget increase of $688,241.85 representing the following transfers: $85,738.10 from 94866 Economy Inn
23 Debt; and $602,503.75 from 94895, Gateway Mercado.
24 To establish the project and record a budget increase of $101,664.32 representing a transfer from 99968, Downtown Beautification.
25 To establish the project and record a budget increase of $500,000 representing a transfer from 94896, Downtown Wayfinding.
26 To establish the project and record a budget increase of $97,629 representing a transfer from R1901, Streetscape & Trail Improvements.
27 To establish the project and record a budget increase of $152,371 representing a transfer from R1901, Streetscape & Trail Improvements.
28 To establish the project.
To establish the project and record a budget increase of $132,978 in FY20 excess County TIF, and a transfer of $2,068,099.99 from 94714
29 Downtown Redevelopment to R2010, Housing - County.
3