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File #: 18-0763 CRA    Version: 1 Name:
Type: CRA Report Status: Agenda Ready
File created: 4/27/2021 In control: Community Redevelopment Agency
On agenda: 4/27/2021 Final action:
Title: CRA FINANCIAL REPORT - DECEMBER 2020
Attachments: 1. Agenda Cover Report, 2. Exhibit A - FinStmt - Dec 2020 FY 20-21
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:                      April 27, 2021

 

Title

CRA FINANCIAL REPORT - DECEMBER 2020

 

Body

 

Recommended Action:

Recommendation

Receive and File.

 

Body

Background:

Attached are the December 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 December:

 

1.                     Tax Increment Financing - TIF- Palm Beach County (G/L #4010) - Fiscal Year 2020-2021          revenue in the amount of $11,082,261 was received from Palm Beach County.

 

2.                     Areawide & Neighborhood Plans- Land Acquisitions- Other (G/L #5610) - A property located at 704 SW 4th Street was purchased for $251,956.

 

3.                     Redevelopment Projects - Carver Square Neighborhood- Corey Isle Workforce Housing (G/L #6622) - Payments totaling $512,428 were paid for Corey Isle Workforce Housing Project.

 

 

Attachment(s): Exhibit A - December 2020 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