TO: CRA Board of Commissioners
FROM: Lori Hayward, Finance and Operations Director
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: JULY 15, 2021
Title
CRA FINANCIAL REPORT - MAY 2021
Body
Recommended Action:
Recommendation
Receive and File.
Body
Background:
Attached are the May 2021 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 May:
1. Downtown-DB-Master Plan- Transportation Services (G/L #5230) - A payment of $33,463 was made to Freebee for point-to-point transportation services.
2. Redevelopment Sites- A-GUIDE Funding- DBCLT (G/L #6535) - A quarterly A-GUIDE payment in the amount of $57,404 was made to the Delray Beach Community Land Trust.
3. Economic Development- CRA Grant Programs- (G/L #7313) - Site Assistance Grant payments that total $62,453 were paid to the following:
• AGT Land, PA- $12,799
• Glavidia Hair Studio, LLC- $833
• Marion Associates- $48,822
4. Community Improvement- City Clean and Safe Program (G/L #73335) - A payment of $40,865 was made to the City of Delray Beach for decorative lighting maintenance, pressure cleaning, trash can liners and gardening supplies.
5. Economic Development - A-GUIDE Funding (G/L #7376) - Quarterly A-GUIDE payments that total $222,250 were paid to following:
• Arts Garage- $68,750
• Delray Beach Chamber of Commerce- $10,000
• Delray Beach Public Library- $117,000
• EPOCH- $26,500
6. Economic Development - A-GUIDE Funding (G/L #7415) - A Development Infrastructure Assistance Program grant payment of $66,470 was made to Prime Delray Hotel (Fairfield Inn).
Attachment(s): Exhibit A - May 2021 Financial Statements