TO: CRA Board of Commissioners
FROM: Lori Hayward, Finance and Operations Director
THROUGH: Jeff Costello, CRA Executive Director
DATE: June 11, 2019
Title
CRA FINANCIAL REPORT - April 2019
Body
Recommended Action:
Recommendation
Receive and File.
Body
Background:
Attached are the April 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 April:
1. Downtown-DB-Master Plan-Swinton/Atlantic Intersection (CIP) (G/L #5253) - A payment in the amount of $180,499 was made to the City of Delray Beach for the project - consulting/design services.
2. Redevelopment Sites-Maintenance (G/L #6303) - Payments and a journal entry netted ($18,329) as follows:
• A journal entry of ($42,200) for maintenance and interior building alteration expenses was reclassified to the Arts Warehouse- (G/L #7386)
• Sod Unlimited, Inc. - $19,858
• Carson Fence- $273
• Raymond Graves $ Sons Construction- $1,282
• RSG, Inc.- $1,720
• Waste Management, Inc.- $683
• Miscellaneous - $55
3. City Contractual Services- Planning, IT, and Parking Manager- (G/L #7331) - A second quarter payment in the amount of $27,500 was made to the City of Delray Beach.
4. City Contractual Services- Code Officer (NW/SW Neighborhoods)- (G/L #7332) - A second quarter payment in the amount of $16,415 was made to the City of Delray Beach for the position.
5. City Contractual Services-Clean & Safe (G/L #7335) - A second quarter payment in the amount of $592,323 was made to the City of Delray Beach.
6. City Contractual Services-Project Engineer (G/L #7337) - A first and second quarter payment totaling $50,000 was made to the City of Delray Beach for the position.
7. City Contractual Services- Fire Prevention & Life Safety Captain- (G/L #7338) - A second quarter payment in the amount of $31,067 was made to the City of Delray Beach for the position.
8. City Contractual Services- Engineering Inspector- (G/L #7339) - A second quarter payment in the amount of $13,915 was made to the City of Delray Beach for the position.
9. Community Resource Enhancement-A-Guide Funding (G/L #7376) - A-GUIDE payment in the amount of $27,750 was made to EPOCH.
10. Green Market-Green Market Program (G/L #7381) - Payments totaling $10,675 were made for the following:
• Salaries, Taxes and Benefits- $7,416
• Entertainment- $1,375
• Signs, Banners and Advertising- $2,023
• Supplies & Materials, Admin & Operations- ($139)
11. Economic Development Initiative- Arts Warehouse Incubator- (G/L #7440) - Payments and a journal entry netted $64,159 as following:
• A journal entry of $42,200 for maintenance and interior building alteration expenses was reclassified from Redevelopment Sites-Maintenance-(G/L #6303)
• Salaries, Taxes and Benefits- $15,766
• Program Operations- $4,428
• Advertising & Communication - $46
• General & Administration- $1,338
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 - April 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