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File #: 18-0515 CRA    Version: 1 Name:
Type: CRA Report Status: Agenda Ready
File created: 1/3/2020 In control: Community Redevelopment Agency
On agenda: 1/28/2020 Final action:
Title: CRA FINANCIAL REPORT - OCTOBER 2019
Attachments: 1. Agenda Cover Report, 2. FinStmt-Oct19
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:                      January 28, 2020

 

Title

CRA FINANCIAL REPORT - OCTOBER 2019

 

Body

Recommended Action:

Recommendation

Receive and File.

Body

Background:

Attached are the October 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 October:

 

1.                     Reimbursement-Other (G/L #4750) - The Delray Beach Community Land Trust (DBCLT) was invoiced $10,063 for Palm Manors Apartments (managed by the DBCLT) property insurance expense.

 

2.                     Downtown-DB-Master Plan- Transportation Services (G/L #5230) - A payment in the amount of $48,463 was made to Freebee for October point to point transportation services.

 

3.                     Community Resource Enhancement-A-Guide Funding- (G/L #7376) - A first quarter A-GUIDE payment in the amount of $23,035 was made to EPOCH.

 

4.                     Debt Service-City-US1 Corridor Improvements (G/L #8606) - A payment in the amount of $210,075 was made to the City of Delray Beach.

 

5.                     Debt Service-City National Line of Credit (G/L #8608)- A payment was made in the amount of $417,430.

 

Attachment(s): Exhibit A - October 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