24-03RESOLUTION NO 24-03
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF CLEARWATER, FLORIDA,
ADOPTING THE NORTH GREENWOOD CRA FY 2024/2025
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 FY 2024/2025 NORTH GREENWOOD CRA Operating
Budget as outlined on Exhibit A.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPT is 12th day of August 2024.
Bruce Recto
Chairman
Approved as to form:
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Resolution 24-03 FY 24/25
NGCRA
Attest:
Community Redevelopment Agency- North Greenwood
Fiscal Year 2024-2025
October 1, 2024- September 30, 2025
Exhibit A
2023-2024
2024-2025
Third Quarter
Proposed
Amended Budget
Budget
Revenues & Transfers In
Tax Increment Financing
338930
381115
388010
Revenues
Pinellas County
City of Clearwater
General Fund
Total TIF Revenues
156,641
190,848
3,000,000
387,226
473,000
3,347,489
860,226
Other Revenues
361101
Interest Earnings
Total Revenues & Transfers In
3,347,489
860,226
Expenditures & Transfers Out
Operating Expenditures
530100
Professional Services
10,000
50,000
540200
Postal Service
250
541600
Building & Maintenance Variable
1,000
1,000
542500
Postage
250
543100
Advertising
2,000
5,000
543400
Printing & Binding
3,000
3,000
547300
Mileage Reimbursement
574
548000
Other Services
1,000
3,000
550100
Office Supplies
2,000
2,500
550400
Operating Supplies
1,000
1,000
557100
Memberships and Subscriptions
2,000
2,000
557300
Training and Reference
2,000
2,500
Total Operating Expenditures
24,000
71,074
Transfers Out
590200
590800
590800
590800
590800
590800
590800
590800
590800
590800
590800
General Fund -Administrative
Residential Improvement Program -R2401
Business Improvement Program -R2402
Carlton Ave Rehab -R2403
Public Infrusture-R2404
Public Art & Culture -R2405
Housing -City R2406
Housing- County R2407
Mobility -City R2408
Mobility -County R2409
Economic Development- City R2502
90,426
500,000
1,100,000
500,000
700,000
200,000
76,422
78,321
78,320
91,558
363,386
94,599
109,613
129,996
Total Transfers Out
3,323,489 789,152
Total Expenditures & Transfers Out
3,347,489 860,226
Community Redevelopment Agency - North Greenwood
CRA Capital Improvement Project Fund
Fiscal Year 2024/25
Fiscal Year
Project Approved 2024/25 Amended Available Amend
# Description Budget Increase Budget Balance Ref
R2401 Residential Improvement Program 500,000 500,000 500,000
R2402 Business Improvement Program 1,100,000 1,100,000 1,100,000
R2403 Carlton Ave Rehab 500,000 500,000 500,000
R2404 Public Infrastructure 700,000 700,000 700,000
R2405 Public Art & Culture 200,000 200,000 200,000
R2406 Housing -City 76,422 76,422 76,422
R2407 Housing -County 78,321 363,386 441,707 441,707 1
R2408 Mobility -City 94,599 94,599 94,599 2
R2409 Mobility -County 78,320 109,613 187,933 187,933 1
R2502 Economic Development -City 129,996 129,996 129,996 2
Total 3,233,063 697,594 3,930,657 3,930,657
Budget Amendments to Projects
1 To recognize fiscal year 2024/25 County increment funds transferred to capital projects
2 To recognize fiscal year 2024/25 City increment funds transferred to capital projects