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File #: 18-0440 CRA    Version: 1 Name:
Type: CRA Report Status: Agenda Ready
File created: 8/30/2019 In control: Community Redevelopment Agency
On agenda: 9/10/2019 Final action:
Title: CRA FINANCIAL REPORT - JULY 2019
Attachments: 1. Agenda Cover Report, 2. Exhibit A - CRA Financial Report -July 19
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO: CRA Board of Commissioners
FROM: Lori Hayward, Finance and Operations Director
THROUGH: Renée Jadusingh, Esq., Executive Director
DATE: September 10, 2019

Title
CRA FINANCIAL REPORT - JULY 2019

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Recommended Action:
Recommendation
Receive and File.

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Background:
Attached are the July 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 July:

1. Tax Increment Financing (TIF)-TIF-City of Delray Beach- (G/L #4005) - A payment of $65,827 was made to the City of Delray Beach as a result of a decrease in the final taxable value from the Palm Beach Property Appraiser’s office for FY 18-19.

2. CRA Administration Sources- Reimbursement-City (G/L #4700) - Reimbursements that total $236,986 included:
· Venetian/Gleason Intersection Project- $211,216
· Economic Development Staff 3rd quarter (50%) - $25,770

3. Downtown-DB-Master Plan-OSS Facility (G/L #5201) - A payment in the amount of $17,800 was made to the City of Delray Beach for SOD replacement.

4. SW Neighborhood Plan-Meritt Park Playground & Poured-in-Place Surf (CIP) (G/L #5355) - A payment in the amount of $198,447 was made to the City of Delray Beach for Playground equipment.

5. SW Neighborhood Plan-Block 63 Alley (CIP) (G/L #5360) - A payment in the amount of $296,358 was made to the City of Delray Beach.

6. Redevelopment Projects-NW 5th Avenue Alleys (CIP) (G/L #6206) - A payment in the amount of $223,084 was made to the City of Delray Beach.

7. Redevelopment Sites-Maintenance (G/L #6303) - Payments totaling $16,812 were made to the following:
· Zimmerman Tree Service - $2,235
· Sod Unlimited, Inc. - $11,174
· Carson Fence- $2,600
· Waste Management, Inc.- $671
· Lowe’s - $421
· Island Air Conditioning - $230
· Miscellaneous - $91
· Adjustments to the account - ($610)

8. Carver Square - Corey Isle Housing Construction (G/L #6621) - Paym...

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