TO: CRA Board of Commissioners
FROM: Lori Hayward, Finance and Operations Director
THROUGH: Jeff Costello, CRA Executive Director
DATE: December 11, 2018
Title
CRA FINANCIAL REPORT - SEPTEMBER 2018
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Recommended Action:
Recommendation
Receive and File.
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Background:
Attached are the September 2018 Financial Statements [1] Statement of Net Assets and [2] Statement of Activities with Budget vs. Actual (YTD). At its meeting of November 13, 2018, the CRA Board approved Resolution No. 18-08 Budget Amendment No. 2 for FY 2017-2018. The financial changes that are associated with the budget amendment are highlighted in yellow on the attached Monthly Financial Statements. Below are highlights of significant activities that occurred during the month of September:
1. City National Line of Credit (LOC) (G/L #4400) - A withdraw of $1,250,000 was made on the City National LOC for various capital improvement projects.
2. Downtown-DB-Master Plan-Downtown Trolley (G/L #5230) - Payments totaling $163,186 were made to the City of Delray Beach for the third and fourth quarter payments for the trolley services.
3. Downtown-DB-Master Plan-Parking Management Projects (CIP) (G/L #5235) - A payment in the amount of $329,359 was made to the City of Delray Beach for the improvements on E. Atlantic Avenue at the intersections of Venetian Drive and Gleason Street.
4. SW Neighborhood Plan-SW 3rd Ct, SW 4th St, 6th St, 7th Ave-Reconst. (CIP) (G/L #5351) - A payment in the amount of $39,306 was made to the City of Delray Beach for engineering design services.
5. SW Neighborhood Plan-SW Neighborhood Alleys (CIP) (G/L #5361) - A payment in the amount of $803,595 was made to the City of Delray Beach for construction of two alleys in the Southwest Neighborhood, west of SW 10th Avenue, between SW 3rd and 4th Streets, along with the installation of a watermain on SW 10th Avenue.
6. Osceola Neighborhood Plan-Osceola Park Neighborhood Plan Update (G/L #5510) - A payment ...
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