TO: CRA Board of Commissioners
FROM: Lori Hayward, Finance and Operations Director
THROUGH: Jeff Costello, CRA Executive Director
DATE: June 11, 2018
Title
FINANCIAL REPORT - APRIL 2018
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Recommended Action:
Recommendation
Receive and file.
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Background:
Attached are the April 2018 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 April:
1. West Atlantic Redevelopment-Land Acquisition (G/L #5120)- Payments totaling $256,609 were made for the following:
• $249,009 - Purchase of 47 SW 8th Avenue.
• $7,600 - Market value appraisals for various CRA properties.
2. Redevelopment Sites-Maintenance (G/L #6303)- Payments totaling $11,793 were made to the following vendors for maintenance services at CRA properties:
• $9,329 - Sod Unlimited, Inc
• $1,800 - Decon Environmental & Engineering, Inc.
• $664 - Miscellaneous
3. Downtown Marketing & Promo-DBMC (G/L #7321) - A third payment in the amount of $88,978 was made to the DBMC.
4. Debt Service-City National Line Of Credit (G/L #8608) - A payment was made in the amount of $29,213.
Attachment(s): April 2018 Financial Statement
CRA Attorney Review:
N/A
Finance Review:
Reviewed and prepared by Lori Hayward, CRA Finance & Operation Director.
Funding Source/Financial Impact:
N/A
Timing of Request:
N/A