HomeMy Public PortalAboutCRA Resolution 2023-02 Budget 2023_24CRA RESOLUTION: 2023-02
A RESOLUTION OF THE COMMUNITY
REVEDEVELOPMENT AGENCY OF THE
CITY OF CRESTVIEW, FLORIDA ADOPTING A
BUDGET FOR FISCAL YEAR 2024, BEGINNING
OCTOBER 1, 2023 AND ENDING SEPTEMBER 30, 2024,
AND PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, the Community Redevelopment Agency of the City of Crestview is
required each year to adopt a budget for the next fiscal year; and
WHEREAS, any amendments to the budget may be accomplished within line items of
the budget with the approval of the Finance Director; and
WHEREAS, any amendments to the overall budget may be accomplished by the
Community Redevelopment Agency Board by a formal Resolution:
NOW THEREFORE, BE IT RESOLVED BY THE COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF CRESTVIEW, FLORIDA THAT:
Section 1: The Crestview Community Redevelopment Agency hereby approves and adopts the
budget for its Fiscal Year 2024, attached hereto as Exhibit A.
Section 2: The Budget approved and adopted by this Resolution will be effective October 1,
2023.
EFFECTIVE DATE: This Resolution will be effective immediately upon its adoption by the
Board of Commissioners of the Crestview Community Redevelopment Agency.
PASSED AND ADOPTED IN REGULAR SESSION THIS llth Day of September 2023.
CITY OF CR
Nathan Boyles, Chair
Attest:
M' ryan e ' chrader, City Clerk
EXHIBIT A - CRESTVIEW COMMUNITY REDEVELOPMENT AGENCY
2023-2024 BUDGET
Budget
2022-2023 Beginning Balance (estimated)
$ 328,611.00
Operational Revenue (estimated)
TIF Funds - County
$ 124,276.00
TIF Funds - City
$ 222,113.00
Interest
$ 3,000.00
$ -
Total Projected Revenue for 2020-2021
$ 678,000.00
Operating Expenses
CONTRACTUAL SERVICES
Mainstreet 34-00
$ 50,000.00
Downtown water 44-00
$ 1,500.00
Auditing Fees 32-00
$ 7,000.00
Legal Fees 31-01
$ 2,000.00
Office Rental
$ 100.00
Personnel Expenses 34-00
$ 38,400.00
ADMINISTRATIVE EXPENSES
Travel/Per: Diem 40-00
$ 2,800.00
phone/equipment 41-00
$ 700.00
Insurance
$ 2,000.00
Printing 47-00
$ 200.00
Office Supplies 51-00
$ 1,200.00
Operating Supplies 52-00
$ 3,000.00
uniform 52-01
$ 300.00
Rewards/recognition 52-03
$ 500.00
Fireworks, new Years 52-03
$ 9,000.00
Newspaper ad 52-03
Dues and Subscriptions 54-00
$ 1,800.00
Equipment 64-00
$ 2,000.00
Training 56-00
$ 500.00
Program Services
Downtown Improvements and upgrades 63-00
$ 150,000.00
Bush House 63-00
Grants 82-00
$ 386,000.00
Other Expenses/Transfers
Cost Allocation
$ 19,000.00
Total Projected Expenses for 2022-2023
678,000.00