23-01RESOLUTION NO 23-01
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF CLEARWATER, FLORIDA,
ADOPTING THE BUDGET AMENDMENTS FOR THE CRA
FY 20222023 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 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 AMENDMENTS TO THE FY 2022/2023 CRA Operating
Budget as outlined on Exhibit A.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 17th day of July 2023.
Bria4'i Aungs
Chairman
Approved as to form: Attest:
David Margolis
CRA Attorney
/ 7U Q
Rosemarie Call
City Clerk
Community Redevelopment Agency
Exhibit A
Third Quarter Budget Review for Fiscal Year 2022/23
2022-2023 Revenue/ 3rd Quarter
Approved Expenditures Proposed Amended Amend
Budget To Date Amendments Budget Ref
Revenues & Transfers In
Tax Increment Financing Revenues
338930 Pinellas County 2,490,740 2,302,789 (187,951) 2,302,789 1
338935 Downtown Development Board 335,643 335,643 335,643
Total TIF Revenues 2,826,383 2,638,432 (187,951) 2,638,432
Other Revenues
361101 Interest Earnings 55,000 114,731 35,019 90,019 2
Transfers In
381115 City of Clearwater (TIF) 2,845,545 2,810,526 (35,019) 2,810,526 1
381782 DDB Administration 81,504 61,128 81,504
Total Revenues & Transfers In 5,808,432 5,624,818 (187,951) 5,620,481
Expenditures & Transfers Out
Operating Expenditures
530100 Professional Services 130,000 6,500 (13,296) 116,704 3
530300 Contractual Services 50,000 1 50,000
540300 Telephone Service Charges - Variable 2,000 1,753 1,000 3,000 3
540700 Postal Service 5,000 25 - 5,000
541600 Building & Maintenance Variable 1,000 1,508 1,000 2,000 3
542500 Postage 200 74 - 200
543100 Advertising 20,000 1,860 - 20,000
543200 Other Promotional Activities 5,000 2,159 5,000
543400 Printing & Binding 2,500 739 - 2,500
544100 Equipment Rental 3,000 2,364 2,000 5,000 3
547100 Uniforms 500 286 500 1,000 3
547200 Employee Expense -Travel 5,000 4,901 5,000 10,000 3
547300 Milage Reimbursement 1,500 - 1,500
548000 Other Services 3,000 462 500 3,500 3
548700 Relocation Expenses - - 3,000 3,000 3
550100 Office Supplies 3,000 1,105 - 3,000
550400 Operating Supplies 1,500 259 - 1,500
557100 Memberships and Subscriptions 6,000 1,968 - 6,000
557200 Official Recognition - 296 296 296 3
557300 Training and Reference 15,000 10,962 - 15,000
581000 Payments to Other Agencies -DDB 335,643 335,643 - 335,643
Total Operating Expenditures
Transfers Out
590200 General Fund- Administrative
590800 Community Policing (R2001)
590800 Economic Development- City (R2003)
589,843 372,868
589,843
691,422
266,703
1,769,724
467,029
266,703
1,769,724
691,422
266,703
1,769,724
Total Transfers Out
Total Expenditures & Transfers Out
Budget Amendments to Operating Budget
5,218,589
4,994,196
(187,951)
5,030,638
5,808,432
5,367,064 (187,951)
5,620,481
i To adjust budgeted revenue to actual TIF receipts.
2 To adjust the budget to reflect anticipated revenues for the year.
3 To adjust the budget to reflect actual and anticipated expenditures for the fiscal year.
4 To reduce funding in transfers to capital to adjust for actual TIF received.
4
Community Redevelopment Agency
Capital Improvement Project Fund
Third Quarter Budget Review for Fiscal Year 2022/23
3rd Quarter Actual Expenditures
Project Approved Proposed Amended Project Open Available Amend
# Description Budget Amendments Budget To Date Encumb Balance Ref
C2105 Mercado -Downtown Gateway 927,795 65,000.00 992,795.00 85,500.00 842,295 65,000.00 1
R2001 Community Policing 769,253.00 769,253.00 422,817.96 - 346,435.04
R2002 Community Engagement 1,651,551.17 (65,000.00) 1,586,551.17 936,009.05 74,380 576,161.77 2
R2003 Economic Development- City 4,488,233.66 589,227.48 5,077,461.14 1,867,488.92 171,217 3,038,755.72 3
R2004 Economic Development- Count 1,773,261.85 - 1,773,261.85 1,491,299.91 30,210 251,751.94
R2005 Infrastructure- City 351,664.32 - 351,664.32 9,114.00 342,550.32
R2006 Infrastructure- County 2,870,000.00 2,870,000.00 2,369,743.50 500,256.50
R2007 Transportation -City 97,629.00 - 97,629.00 97,629.00
R2008 Transportation- County 1,196,459.00 (187,950.97) 1,008,508.03 - 1,008,508.03 4
R2009 Housing- City 1,476,021.00 1,476,021.00 1,476,021.00
R2010 Housing- County 4,506,181.99 4,506,181.99 1,250.00 4,504,931.99
Total 20,108,049.99 401,276.51 20,509,326.50 7,183,223.34 1,118,102 12,208,001.31
Budget Amendments to Projects
To add CIP to project list as this will be a CRA asset; and to recognize a transfer of $65,000.00 of City TIF revenues transferred from project
1 R2002, Community Engagement, to provide funding for art installations at the Mercado as approved on June 12, 2023.
To recognize a transfer of $65,000.00 of City TIF revenues transferred to project C2105, Mercado -Downtown Gateway as approved
2 on June 12, 2023.
To record a budget increase of $589,227.48 in TIF revenues transferred as part of prior year end closing. This will bring the budget in line with
3 revenues received.
4 To record a budget decrease of $187,950.97 in County TIF revenues to adjust for actual TIF received for the year.