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File #: 18-0326 CRA    Version: 1 Name:
Type: CRA Report Status: Agenda Ready
File created: 5/8/2019 In control: Community Redevelopment Agency
On agenda: 5/14/2019 Final action:
Title: CRA FINANCIAL REPORT - March 2019
Attachments: 1. Agenda Cover Report, 2. FinStmt-March19
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:                      May 14, 2019

 

Title

CRA FINANCIAL REPORT - March 2019

 

Body

Recommended Action:

Recommendation

Receive and File.

 

Body

Background:

Attached are the March 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 March:

 

1.                     West Atlantic Redevelopment-Legal Fees-W Atlantic Redevelopment (G/L #5140) - Payments totaling $10,479 were made to Goren, Cherof, Doody & Ezrol, PA for legal fees which include $8,349 for negotiations with BH3 Management, LLC.

 

2.                     Downtown-DB-Master Plan-Downtown Trolley (G/L #5230) - A first quarter payment in the amount of $93,090 was made to the City of Delray Beach for the trolley services

 

3.                     Redevelopment Sites-Maintenance (G/L #6303) - Payments totaling $16,289 were made to the following vendors for maintenance services:

                     Sod Unlimited, Inc. - $8,684

                     Island Air Conditioning. - $3,561

                     MacLaren Signs Co., LLC - $2,011

                     Carson Fence- $273

                     Trust the Process Mobile Detailing, Inc. - $350

                     Raymond Graves $ Sons Construction- $905

                     Hulett Environmental Services, Inc.- $450

                     Miscellaneous - $55

 

4.                      Redevelopment Sites-Property Insurance (G/L #6310) - A third payment in the amount of $26,154 was made to Florida Municipal Insurance Trust.

 

5.                     Affordable/Workforce Housing- Land Acquisition - (G/L #6513) - A payment in the amount of $94,249 was made for acquisition of a property located at 242 NW 6th Avenue

 

6.                     City Contractual Services- Planning, IT, and Parking Manager- (G/L #7331) - A first quarter payment in the amount of $27,500 was made to the City of Delray Beach.

 

7.                     City Contractual Services- Code Officer (NW/SW Neighborhoods)- (G/L #7332) - A first quarter payment in the amount of $16,415 was made to the City of Delray Beach for the position.

 

8.                     City Contractual Services-Clean & Safe (G/L #7335) - A first quarter payment in the amount of $592,323 was made to the City of Delray Beach.

 

9.                     City Contractual Services- Fire Prevention & Life Safety Captain- (G/L #7338) - A first quarter payment in the amount of $36,789 was made to the City of Delray Beach for the position.

 

10.                     City Contractual Services- Engineering Inspector- (G/L #7339) - A first quarter payment in the amount of $17,266 was made to the City of Delray Beach for the position. 

 

11.                     Economic Development Initiative- Arts Warehouse Incubator- (G/L #7440) - Payments totaling $22,135 were made to the following:

                     Salaries, Taxes and Benefits- $18,066

                     Program Operations- $3,005

                     Advertising & Communication - $725

                     General & Administration- $339

 

12.                     Debt Service-Debt Bond Interest-Taxable Int (G/L #8610) - A loan payment in the amount of $26,352 was made.

 

 

Attachment(s): Exhibit A - March 2019 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