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File #: 18-0677 CRA    Version: 1 Name:
Type: CRA Report Status: Agenda Ready
File created: 10/19/2020 In control: Community Redevelopment Agency
On agenda: 10/27/2020 Final action:
Title: CRA FINANCIAL REPORT - AUGUST 2020
Attachments: 1. Agenda Cover Report, 2. Exhibit A - FinStmt - August 2020
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:                      October 27, 2020

 

Title

CRA FINANCIAL REPORT - AUGUST 2020

 

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Recommended Action:

Recommendation

Receive and File.

 

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Background:

Attached are the August 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 August:

 

1.                     Tax Increment Financing - TIF- City of Delray Beach (G/L #4005) - A payment of $24,130 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 19-20.

 

2.                     Reimbursement-Other (G/L #4750) - A reimbursement of $47,120 was received from the City of Delray Beach for the SW Neighborhood Alleys project.

 

3.                     Downtown-DB-Master Plan- Transportation Services (G/L #5230) - Payments totaling $171,873 were made as follows:

                     Freebee- $114,677

                     First Transit- $57,196

 

4.                     Carver Square Neighborhood /Corey Isle Workforce Housing (G/L #6622) - A payment of $39,224 was made to Synalovski Romanik Say, LLC for architectural services.

 

5.                     Community Resource Enhancement/ A-Guide Funding - (G/L #7376) - A-GUIDE funding payments totaling $256,250 were made as follows:

                     Delray Beach Historical Society- $31,250

                     Delray Beach Public Library- $37,500

                     Old School Square-$187,500

 

6.                     Administration/Operations- Capital Outlay (G/L #8405) - Payments totaling $25,171 were made to the City of Delray Beach for permit and impact fee for the Historic Wellbrock House.

 

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