TO: CRA Board of Commissioners
FROM: Lori Hayward, Finance and Operations Director
THROUGH: Jeff Costello, CRA Executive Director
DATE: April 9, 2019
Title
CRA FINANCIAL REPORT - JANUARY 2019
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Recommended Action:
Recommendation
Receive and File.
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Background:
Attached are the January 2019 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. CRA Administration Sources- Reimbursement-Other (G/L #4750) - Reimbursements that total $31,330 included:
· SWA Grant for property demolitions- $27,029
· Property taxes- $2,430
· Block 60 audit fee- $1,210
· Lift rental for Hatcher Construction - $661
2. West Atlantic Redevelopment-Land Acquisition (G/L #5115) - Payments totaling $289,534 were made for the following:
· Purchase of 121 SW 10th Avenue- $241,185
· Purchase of 102 & 1311 NW 14th Avenue- $46,849
· Appraisals services- $1,500
3. Redevelopment Sites-Maintenance (G/L #6303) - Payments totaling $28,438 were made to the following vendors for maintenance services:
· Hatcher Construction - $14,978
· Johnson Controls-$7,609
· Thyssenkrupp Elevator-$1,228
· Raymond Graves & Sons Construction- $849
· Precision Building Products- $809
· Waste Management Inc.- $683
· United Rental/Hatcher- $661
· Island Air Conditioning - $656
· Home Depot- $636
· Carlson Fence- $274
· Miscellaneous - $55
4. Affordable/Workforce Housing Program-A-Guide Funding-Delray Beach Community Land Trust (DBCLT) - (G/L #6535) - A first quarter A-GUIDE payment in the amount of $65,388 was made to the DBCLT.
5. Community Resource Enhancement-A-Guide Funding- (G/L #7376) - A-GUIDE payments totaling $173,500 were made to the following nonprofit organizations:
· EPOCH- $27,750
· Delray Beach Historical Society- $31,250
· Delray Beach Library- $114,500
6. Economic Development Initiative- Economic Development Incentives- (G/L #741...
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