TO: CRA Board of Commissioners
FROM: Gina Clayton, Finance and Operations Director
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: February 25, 2025
Title
CRA FINANCIAL REPORT - JANUARY 2025
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Recommended Action:
Recommendation
Receive and File.
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Background:
Attached are the January 2025 Financial Statements [1] Statement of Net Assets and [2] Statement of Activities with Budget vs. Actual (YTD).
Below are highlights of significant activities that occurred during the month of January:
1. Land Acquisition - Other (G/L 5610) - A payment was made in the amount of $653,972 for the acquisition of two parcels in the NW Neighborhood.
2. 95 SW 5TH Avenue Construction (G/L 6216B)- A payment was made in the amount of $171,847 payable to Ahrens Enterprises, Inc. representing pay application #21 for the construction of a new commercial building.
Attachment(s): Exhibit A - January 2025 Financial Statements
CRA Attorney Review:
N/A
Finance Review:
Reviewed and prepared by Gina Clayton, CRA Finance & Operation Director.
Funding Source/Financial Impact:
N/A