HomeMy Public PortalAboutCRA 20-01 Budget AmendmentCRA RESOLUTION 20-01
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF CRESTVIEW, FLORIDA, AMENDING
THE BUDGET TO MORE ACCURATELY REFLECT ESTIMATED
REVENUES AND APPROPRIATIONS. ; AND PROVIDING FOR
AN EFFECTIVE DATE.
WHEREAS, The Crestview Community Redevelopment Agency has determined that it is in
the best interest of the Agency to amend its budget for the fiscal year 2020; and
WHEREAS, the Agency's budget needs to be amended to reflect such change.
NOW THEREFORE, BE IT RESOLVED by the Crestview Community Redevelopment
Agency of the City of Crestview of Okaloosa County, Florida that:
1. The Budget is amended to accurately reflect estimated revenues and appropriations, a copy
of which is attached hereto.
2. This resolution shall take effect immediately upon its adoption.
PASSED AND ADOPTED IN REGULAR SESSION THIS 10_ OF _August, 2020
Nathan Boyles, Chairman
lizabeth M. Roy, City Cler CRA Director
RECEIPTS/RESOURCES (Budget Amendment)
FUND # Category Explanation/Vendor AMOUNT
670 Income Okaloose County 50,000.00
Interest CCB Bank (2,000.00)
Increase in tiff Okaloose County 1,347.98
Debt Recovery RE Development (4,500.00)
Carry Forward 19.89
44,867.87
EXPENDITURES (Budget Amendment)
FUND #
ACCOUNT# Explanation/Vendor AMOUNT
670 Legal Reduced Expenses (14,225.00)
Contract Next Site 6,600.00
Tower Sign Okaloosa County 50,000.00
Contract Sanitary Services 125.00
Grants Balance of Revenues 2,367.87
44,867.87
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Crestview Community Redevelpment Agency 2019-2020
Adopted
2019-2020 Beginning Balance (estimated)
Operational Revenue (estimated)
$ 1,151,611.00
TIF Funds - County
$ 75,000.00
TIF Funds - City
$ 145,840.00
Interest
$ 8,000.00
Miscellaneous Income FRDAP refund
$ 100,000.00
Miscellaneous Income County tower sign
Debt Recovery from RE Development (Winterfest)
$ 4,500.00
Amended
$ 1,151,630.89
$ 76,347.98
$ 145,840.00
$ 6,000.00
$ 100,000.00
$ 50,000.00
Total Projected Revenue for 2019-2020
$ 1,484,951.00
$ 1,529,818.87
Operating Expenses
Administrative Expenses
$ 1,000.00
$ 1,200.00
$ 3,500.00
$ 3,500.00
$ 3,400.00
$ 14,500.00
$ 50,000.00
$ 6,600.00
$ 1,025.00
$ 20,000.00
$ 100,000.00
$ 300,000.00
$ 50,000.00
$ 50,000.00
$ 525,093.87
$ 100,000.00
$ 50,000.00
$ 250,000.00
Supplies 52-00
$ 1,000.00
Administrative Assistance 49-06
$ 1,200.00
Memberships/Insurance 54-00
$ 3,500.00
Conferences/Training/Travel 56-00
$ 3,500.00
Marketing 52-03
$ 10,000.00
Contract Services
Legal Services =34-00
$ 22 000.00
Main Street Association 34-00
$ 50,000.00
Next Site (CRA Portion)
$ 900.00
Sanitary Services 34-00
Program Services
Blight Removal 63-00
$ 20,000.00
Bush House 63-00
$ 100,000.00
Park Segue Way 63-00
$ 300,000.00
Downtown Mobility Parking/Study 63-00
$ 50,000.00
Downtown Beautification 63-00
$ 50,000.00
Grants and Incentives 63-00
$ 522,851.00
Twin Hills upgrades 63-00
$ 100,000.00
Donation for tower sign
Entrance Signage 63-00
$ 250,000.00
Total Projected Expenses for 2019-2020
$ 1,484,951.00
$ 1,529,818.87
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