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File #: 18-0861 CRA    Version: 1 Name:
Type: CRA Report Status: Agenda Ready
File created: 7/8/2021 In control: Community Redevelopment Agency
On agenda: 7/15/2021 Final action:
Title: CRA FINANCIAL REPORT - MAY 2021
Attachments: 1. Agenda Cover Report, 2. Exhibit A - FinStmt - May 2021 FY 20-21
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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

 

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Recommended Action:

Recommendation

Receive and File.

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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