The URL can be used to link to this page

22-02RESOLUTION NO 22-02 A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA, ADOPTING THE CRA FY 2022/2023 ANNUAL OPERATING BUDGET; PROVIDING AN EFFECTIVE DATE. WHEREAS, the Community Redevelopment Agency (CRA) annual budget requirements have been clarified and Section 189.016(3), of the Florida Statutes require that CRA's adopt theirannual budgets by resolution; now, therefore, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF CLEARWATER, FLORIDA: Section 1. Adopt the FY 2022/2023 CRA Operating Budget as outlined on ExhibitA. Section 2. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 12th day of September 2022. Approved as to form: Michael Fuino CRA Attorney Aix/A.4W Frank V. Hibbard Chairman Attest: Rosemarie Call City Clerk �%llll 111111111\0 \ Resolution No. 22-02 CRA - Projections for CIP 6 -Year Plan 2021-22 Amended Budget 2022-23 Estimated Budget County TIF 338930 2,233,848.00 8% 2,490,740.28 City TIF 381115 2,480,667.00 8% 2,845,543.72 008 381116 301,370.00 -11% 335,643.37 5,015,885.00 5,671,927.37 Other Revenue: Interest 361101 55,000.00 DDB Reimbursement 369906 78,748.00 5,149,633.00 Growth Factors Revenue 2022/23 3.0% 2023/24 3.0% 2024/25 3.0% 2025/26 3.0% 2026/27 3.0% 2027/28 3.0% Operating Expenditures: regular Operating Payment to DOB OTHER: (Blast Friday) Transfers: GF Admin Community Policing Transfers to Capital (CITY) Transfers to Capital (County) Growth Factors Operating % 2021-22 Amended Budget 266,570.00 301,370.00 55,000.00 81,504.18 2023-24 Estimated Budget 2,565,462.00 2,930,910.00 345,713.00 2024-25 Estimated Budget 2,642,426.00 3,018,837.00 356,084.00 5,842,085.00 6,017,347.00 60,000.00 60,000.00 84,760.00 88,150.00 $ 5,808,432 5,986,845.00 2022-23 Estimated Budget 254,200.00 335,643.00 619,274.00 691,422.00 252,550.00 266,703.00 1,476,021.00 1,769,724.00 '2,2`3', '8.00 r 44A* Personnel 4.0% Operating Expenses 2.0% 5,149,633.00 5,808,432.00 2023-24 Estimated Budget 259,280.00 345,713.00 2025-26 Estimated Budget 2,721,699.00 3,109,402.00 366,767.00 6,197,868.00 60,000.00 91,680.00 2026-27 Estimated Budget 2,803,350.00 3,202,684.00 377,770.00 6,383,804.00 Page 1 2027-28 Estimated Budget 2,887,451.00 3,298,765.00 389,103.00 6,575,319.00 60,000.00 60,000.00 95,350.00 - 99,160.00 6,165,497.00 6,349,548.00 6,539,154.00 - 6,734,479.00 2024-25 Estimated Budget 264,470.00 356,084.00 2025-26 Estimated Budget 269,760.00 366,767.00 2026-27 Estimated Budget 275,160.00 377,770.00 719,080.00 747,840.00 777,750.00 808,860.00 277,370.00 288,460.00 300,000.00 312,000.00 81994M00 1,866,217.00 1,913,572.00 1,962,014.00 5,986,845.00 6,165,497.00 6,349,548.00 2027-28 Estimated Budget 6,539,154.00 280,660.00 389,103.00 841,210.00 324,480.00 2,011,575.00 ::'2`,887,451.00 6,734,479.00 Capital Projects: R2001- Community Policing h° R2002 - Community Engagement R2003 - Economic Development -City Page 2 2020-21 % of revenue 2021-22 % of revenue 2022-23 % of revenue 2023-24 % of revenue 2024-25 % of revenue 2025-26 % of revenue 2025-26 Proposed Budget Estimated Budget Estimated Budget Estimated Budget Estimated Budget Estimated Budget Estimated Budget 252,550.00' .w" PD 500,000.00 500,000.00 266,703.00 PI 442,431.00 ,.25 442,431.00 25" 277,370.00. PD 454,985.00: 454985.00 25%: 288,460.00 166,554.00 466,554.00 R2005 - In 82007 -Transportation -C R2009 - Housing- C Jt20 O t 0u4 Total City: T"tal 4ounty , 476• 02100 100% 1,769,72400 100% 3;490.744=004p': -100%% 1,819,940.00 100% 300;000.00 PD 478,393.00 25% 478,393.00 s 25% 95,679.00 5% 95,679.00 ` 5% 765129.00 312,000'.00 490,504.00 490,504.00 98,101.00 98,101.00 280,3�2;�i 784,806.00 PD 25% 25% 30% 5% 0% 5% 10% 40% 60% 866,217.00 100% 1,913,57300 gp'100% 1962 01600 100% rG?10d 2,9,R8r9SQC)(0 100% 324,480 502,894 502,894 066,235 100,579 100,579 874S 804,630 2x471 2,011,575 2"887;4S1-!