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File #: 18-0079 CRA    Version: 1 Name:
Type: CRA Report Status: Agenda Ready
File created: 8/9/2018 In control: Community Redevelopment Agency
On agenda: 8/15/2018 Final action:
Title: CRA FINANCIAL REPORT - JUNE 2018
Attachments: 1. Agenda Cover Report, 2. Monthly Financial Statement FY 17-18
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TO:                                           CRA Board of Commissioners

FROM:                       Lori Hayward, Finance and Operations Director

THROUGH:                      Jeff Costello, CRA Executive Director

DATE:                      August 15, 2018

 

Title

CRA FINANCIAL REPORT - JUNE 2018

 

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Recommended Action:

Recommendation

Receive and File.

 

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Background:

Attached are the June 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 June:

 

1.                     Tax Increment Financing (TIF) - TIF-City of Delray Beach (G/L #4005) - A Payment in the amount of $30,504 was made to the City of Delray Beach as a result of a decrease in the final taxable value from the Palm Beach County Property Appraiser’s office.

 

2.                     Tax Increment Financing (TIF) - Palm Beach County (G/L #4010) - A Payment in the amount of $21,258 was made to the Palm Beach County as a result of a decrease in the final taxable value from the Palm Beach County Property Appraiser’s office.

 

3.                     Redevelopment Sites-Property Insurance (G/L #6310)- A payment in the amount of $21,138 was made to Florida Municipal Insurance Trust.

 

4.                     Economic Development Initiative- Warehouse/Arts Incubator- (G/L #7440) - Payments for totaling $10,165 were made to the following:

                     Payroll & Benefits- $6,111

                     Program Expenses- $3,011

                     Office Expenses- $519

                     Utilities-$449

                     Business License- $75

 

Attachment(s): Exhibit A - June 2018 Financial Statements

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