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 - FEBRUARY 2019
Body
Recommended Action:
Recommendation
Receive and File.
Body
Background:
Attached are the February 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 February:
1. CRA Administration Sources- Reimbursement-City (G/L #4700) - Reimbursements that total $135,156 included:
· NW/SW Neighborhood Sidewalk Project- $109,457
· Economic Development Staff - 1St Quarter (50%)- $25,699
2. West Atlantic Redevelopment- Project Development/Implementation (G/L #5120) - Payments totaling $31,266 were made for the following:
· PMG Associates, Inc- Economic impact report and analysis of the responses associated with the RFP for the SW 600-800 Blocks - CRA-owned West Atlantic Avenue properties- $28,800
· Hatcher Construction In-Kind Rent- $2,466
3. Redevelopment Sites-Maintenance (G/L #6303) - Payments totaling $20,184 were made to the following vendors for maintenance services:
· Rolling Door Industries, LLC- $12,690
· Sod Unlimited - $8,684
· Raymond Graves & Sons Construction- $475
· Carlson Fence- $274
· Waste Management Inc.- $231
· Island Air Conditioning - $200
· Miscellaneous - $130
· Journal Entry reclassifying expense to Economic Development Outreach/Communications for the West Atlantic Holiday Event in Dec 2018- ($2,500)
4. City Contractual Services- Housing Rehab Inspector- (G/L #7334) - A first quarter payment in the amount of $11,288 was made to the City of Delray Beach for the position.
5. Community Resource Enhancement-A-Guide Funding- (G/L #7376) - A-GUIDE payments totaling $256,250 were made to the following nonprofit organizations:
· OSS- $187,500
· Arts Garage- $68,750
6. Economic Development Initiative-...
Click here for full text