26-02RESOLUTION NO 26-02
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF CLEARWATER, FLORIDA,
ADOPTING THE THIRD QUARTER AMENDMENTS TO THE
DOWNTOWN 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 DOWNTOWN CRA Operating Budget as outlined on Exhibit A.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 3b day of August 2026.
Bruce or
Chairman
Appy.,-+ as
App
op
Iwen Ko er
rm:
Interim CRA Attorney
Resolution 26-02 DT CRA Third
Quarter Budget Amendments
Attest:
RALL. (Itetit
Rosemarie Call
City Clerk
Community Redevelopment Agency
Exhibit A
Third Quarter Budget Review for Fiscal Year 2025/26
2025-26
Revenue/
3rd Quarter
Amended
Expenditures
Approved
Amended
Amend
Budget
To Date
Amendments
Budget
Ref
Revenues & Tran fers In
Tax Increment Financing Revenues
338930
Pinellas County Increment
2,878,256
2,844,280
(33,976)
2,844,280
1
338935
Downtown Development Board
397,975
-
(397,975)
-
2
Total TIF Revenues
3,276,231
2,844,280
(431,951)
2,844,280
Other Revenues
361101
Interest Earnings
300,000
285,321
125,000
425,000
3
Transfers In
-
381115
City of Clearwater Increment
3,627,420
3,625,312
(2,108)
3,625,312
1
381116
Downtown Development Board
-
397,431
397,431
397,431
2
381182
DDB Administration
90,365
60,243
90,365
Total Revenues &Transfers In
7,294,016
7,212,588
88,372
7,382,388
Expenditures & Transfers Out
Operating Expenditures
530100
Professional Services
181,840
9,390
(14,250)
167,590
3
53030D
Contractual Services
5,000
18,250
13,250
18,250
3
530500
Maintenance Contract
16,000
13,247
16,000
540300
Telephone Service Charges -Variable
4,000
45
4,000
540700
Postal Service
250
1
250
541600
Building & Maintenance Variable
2,000
2,000
542300
Utilities -Gas, Water, Sanitation
3,160
2,117
3,160
543100
Advertising
10,000
0
10,000
543200
Other Promotional Activities
-
777
1,000
1,000
3
543400
Printing & Binding
5,000
1,276
5,000
544100
Equipment Rental
7,000
2,223
7,000
547100
Uniforms
2,000
376
2,000
547200
Employee Expense -Travel
15,000
9,951
15,000
547300
Milage Reimbursement
1,000
1,000
548000
Other Services
5,000
(2,108)
2,892
3
550100
Office Supplies
5,000
1,859
5,000
550400
Operating Supplies
4,000
2,050
4,000
557100
Memberships and Subscriptions
20,000
5,732
20,000
557300
Training and Reference
20,000
17,412
20,000
581000
Payments to Other Agencies -DDB
397,975
(397,975)
-
2
Total Operating Expenditures
704,225
84,707
(400,083)
304,142
Transfers Out
590200
General Fund -Administrative
1,100,000
635,850
-
1,100,000
590200
Transfer to DDB
-
397,431
397,431
397,431
2
590800
Community Policing (R2001)
262,289
262,289
-
262,289
590800
Community Engagements (R2002)
250,000
250,000
-
250,000
590800
Economic Development- City (R2003)
1,000,000
1,000,000
125,000
1,125,000
4
590800 Economic Development-County(R2004) 678,256 678,256. 678256
590800 Transportation- City (R2007) 500,000 500,000 - 500,000
590800 Transportation- County (R2008) 200,000 200,000 (33,976) 166,024
5
5908061 Housing- City (R2009) 599,246 599,246 - 599,246
590800 Housing- County (R2010) 2,000,000 2,000,000 2,000,000
Total Transfers Out
6,589,791
6,523,071
488,455
7,078,246
Total Expenditures &Transfers Out
7,294,016
6,607,778
88,372
7,382,388
Budget Amendments to Operating Budget
1
To adjust revenue to actual increment revenue received.
2
To reciass revenues and expenditures to the correct codes to account for interfund transfers and adjus for actual increment
received.
a
To adjust the budget to reflect actual and anticipated revenues and expenditures for the fiscal year.
4
To adjust funding in transfers to capital to account for revenue amendments noted.
5
To adjust funding in transfers to capital to Increment received.