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File #: 18-0013 CRA    Version: 1 Name:
Type: CRA Report Status: Agenda Ready
File created: 6/1/2018 In control: Community Redevelopment Agency
On agenda: 6/11/2018 Final action:
Title: FINANCIAL REPORT - APRIL 2018
Attachments: 1. Agenda Cover Report, 2. Financial Statement-April
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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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

 

Body

Recommended Action:

Recommendation

Receive and file.

 

Body

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