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File #: 18-0546 CRA    Version: 1 Name:
Type: CRA Report Status: Agenda Ready
File created: 2/7/2020 In control: Community Redevelopment Agency
On agenda: 2/25/2020 Final action:
Title: CRA FINANCIAL REPORT - DECEMBER 2019
Attachments: 1. Agenda Cover Report, 2. FinStmt-Dec 19 Final
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:                      February 25, 2020

 

Title

CRA FINANCIAL REPORT - DECEMBER 2019

 

Body

 

Recommended Action:

Recommendation

Receive and File.

 

Body

Background:

Attached are the December 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 December:

1.                     Tax Increment Financing - TIF- Palm Beach County (G/L #4010) - Fiscal year 2018-2019          revenue in the amount of $9,944,156 was received from Palm Beach County.

 

2.                     Downtown-DB-Master Plan- Transportation Services (G/L #5230) - Payments totaling $101,956 were made as follows:

                     First Transit- $53,493

                     Freebee- $48,463

 

3.                     Grant Programs- Site Assistance Grant- (G/L #7306) - A payment in the amount of $17,875 was made for a grant awarded to Studio 404.

 

4.                     Administration/Operations- Capital Outlay (G/L #8405) - Payments totaling $136,171 were made for the following services:

                     House Mover- $64,710

                     Foundation & Carpentry- $38,670

                     Site Work-$17,917

                     Fire Alarm- $8,062

                     Electrical Relocation- $2,825

                     Traffic Consultant- $1,500

                     Architectural Consultant- $787.50

                     Geotech Services- $685

                     Survey- $565

                     Civil/Structural Design and Construction Administration- $400

                     Miscellaneous- $50

 

 

Attachment(s): Exhibit A - December 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