26-03RESOLUTION NO 26-03
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF CLEARWATER, FLORIDA,
ADOPTING THE THIRD QUARTER AMENDMENTS TO THE
NORTH GREENWOOD CRA FY 2025/2026 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 THIRD QUARTER BUDGET AMENDMENTS TO THE FY
2025/2026 NORTH GREENWOOD CRA Operating Budget as outlined on Exhibit
A.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 131h day of July 2026.
Brum Rector
Chairman
App as to .rm:
Owen Kohler
Interim CRA Attorney
Resolution 26-03 NG CRA Third
Quarter Budget Amendments
Attest:
Rosemarie Call
City Clerk
Community Redevelopment Agency
Exhibit A
Third Quarter Budget Review for Fiscal Year 2025/26- North Greenwood
2025-26
Revenue/
3rd Quarter
Approved
Expenditures
Approved
Amended
Amend
Budget
To Date
Amendments
Budget
Ref
Revenues & Transfers In
Tax Increment Financing Revenues
338930
Pinellas County Increment
478,753
466,251
$ (12,501.55)
466,251
1
381115
City Of Clearwater
603,026
593,551
$ (9,475.39)
593,551
1
Total TIF Revenues
1,081,779
1,059,802
(21,977)
1,059,802
Other Revenues
361101
Interest Earnings
68,000
65,983
31,000
99,000
2
Total Revenues & Transfers In
1,149,779
1,125,785
9,023
1,158,802
Expenditures & Transfers Out
Operating Expenditures
530100
Professional Services
25,000
16,860
(8,750)
16,250
530300
Contractual Services
-
6,750
6,750
6,750
3
540700
Postal Service
200
200
541600
Building & Maintenance Variable
1,000
1,000
542500
Postage
100
100
543100
Advertising
2,500
500
2,500
543200
Other Promotional Activities
-
279
2,000
2,000
3
543400
Printing & Binding
3,000
1,248
3,000
548000
Other Services
2,500
167
2,500
550100
Office Supplies
2,500
581
2,500
550400
Operating Supplies
1,000
1,104
300
1,300
3
557100
Memberships and Subscriptions
2,000
(300)
1,700
557300
Training and Reference
2,500
2,500
Total Operating Expenditures
42,300
27,488
-
42,300
Transfers Out
590200
General Fund -Administrative
100,000
91,558
-
100,000
590800 Housing County (R2407) 200,000 200,000 - 200,000
590800U Mobility -City (R2408) T -
4
590800 (Mobility -County (R2409) 278,753 278,753 (12,502) 266,251
590800
Economic Development -City (R2502)
528,726
528,726
21,525
550,251
4
Total Transfers Out
1,107,479
1,099,037
9,023
1,116,502
Total Expenditures & Transfers Out
1,149,779
1,126,525
9,023
1,158,802
Budget Amendments to Operating Budget
1
To adjust budgeted revenue to actual Increment 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 adjust funidng for actual Increment received
Community Redevelopment Agency
Capital Improvement Project Fund
Third Quarter Budget Review for Fiscal Year 2025/2026
Project Approved 1 Proposed
p Description Budget Amendments
3rd Quarter Actual Expenditures
Amended Project Open Available Amend
Budget To Date Encumb Balance Ref
R2401 Residential Improvement Program 526,410.89 526,410.89 419,092.80 93,335.44 13,982.65
R2404 Business Improvement Program 1,158,103.95 1,158,103.95 189,875.29 127,775.38 840,453.28
R2403 Calrton Ave Rehab 526,410.89 526,410.89 1,098.85 525,312.04
R2404 Public Infrastructure 736,975.28 (500,000.00) 236,975.28 - 236,975.28 1
R2405 Public Art & Culture 210,564.35 210,564.35 28,200.00 - 182,364.35
R2406 Housing- City 76,422.00 76,422.00 - 76,422.00
R2407 Housing- County 641,707.00 641,707.00 641,707.00
R2408 Mobility- City 162,202.00 162,202.00 - 162,202.00
R2409 Mobility- County 453,750.00 (12,502.00) 441,248.00 - 441,248.00 2
R2502 Economic Development- City 770,922.46 21,525.00 792,447.46 4,569.87 - 787,877.59 3
R2601 Container Villager - 500,000.00 500,000.00 86,000.00 414,000.00 - 4
Total
Budget Amendments to Projects
5,263,468.82 9,023.00 5,272,491.82 728,836.81 635,110.82 3,908,544.19
1 To record a transfer of $500,000 to create and fund project R2601, Container Village
2 To record a decrease of $12,502 in County increment received to balance the operating budget as amended.
3 To record an increase of $21,525 in City increment revenue transferred to balance the operating budget as amended.
4 To establish the project and record an increase of $500,000 transferred from R2404, Public Infrastructure.