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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

 

Body

 

Recommended Action:

Recommendation

Receive and File.

 

Body

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 Services- $2,490

 

8.                     Administration/Operations- Contractual Services (G/L #8409) - Payments totaling $22,115 were made for the following contractual services:

                     Plan Amendment- $16,125

                     Accounting Services- $5,681

                     Miscellaneous- $309

 

 

Attachment(s): Exhibit A - February 2020 Financial Statements