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File #: 18-0597 CRA    Version: 1 Name:
Type: CRA Report Status: Agenda Ready
File created: 6/15/2020 In control: Community Redevelopment Agency
On agenda: 6/23/2020 Final action:
Title: CRA FINANCIAL REPORT - FEBRUARY 2020
Attachments: 1. Agenda Cover Report, 2. FinStmt- Feb 20
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO: CRA Board of Commissioners
FROM: Lori Hayward, Finance and Operations Director
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: June 23, 2020

Title
CRA FINANCIAL REPORT - FEBRUARY 2020

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Recommended Action:
Recommendation
Receive and File.

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Background:
Attached are the February 2020 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 February:

1. Downtown-DB-Master Plan- Transportation Services (G/L #5230) - Payments totaling $100,629 for transportation services were made as follows:
· Freebee- $48,463
· First Transit- $52,166

2. SW Neighborhood Plan- 10th Avenue Duplex Renovation (G/L #5346) - A journal entry in the amount of $54,161 was completed to reassign the expense to a separate project line (from Redevelopment Projects- Maintenance G/L#6303).

3. Affordable/Workforce Housing Program-A-Guide Funding-Delray Beach Community Land Trust (DBCLT) - (G/L #6535) - A second quarter A-GUIDE payment in the amount of $68,424 was made to the DBCLT.

4. Carver Square Housing Construction (G/L #6621) - A payment of $10,125 was made for a boundary survey and other legal documents.

5. Community Resource Enhancement-A-Guide Funding (G/L #7376) - Second quarter A-GUIDE payments totaling $308,035 were made to the following:
· Arts Garage - $68,750
· Delray Beach Chamber of Commerce - $10,000
· Delray Beach Historical Society - $18,750
· Expanding and Preserving our Cultural Heritage- $23,035
· Old School Square - $187,500

6. Economic Development Initiative-International Tennis Tournament- (G/L #7470) - A payment in the amount of $905,000 was made to the City of Delray Beach.



7. Administration/Operations- Capital Outlay (G/L #8405) - Payments totaling $16,028 were made for the following services:
· Hatcher Construction- $11,998
· Foundation & Carpentry- $1,540
· Engineering S...

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