TO: CRA Board of Commissioners
FROM: Lori Hayward, Finance and Operations Director
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: March 22, 2022
Title
CRA FINANCIAL REPORT - DECEMBER 2021
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Recommended Action:
Recommendation
Receive and File.
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Background:
Attached are the December 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 December:
1. Tax Increment Financing - TIF- City of Delray Beach (G/L #4005) - Fiscal Year 2021-2022 revenue in the amount of $16,098,526 was received from the City of Delray Beach.
2. Tax Increment Financing - TIF- Palm Beach County (G/L #4010) - Fiscal Year 2021-2022 revenue in the amount of $11,530,512 was received from Palm Beach County.
3. Affordable Housing- Single Family Home Sales (G/L #4060) - A Corey Jones Isle single family home was sold for $229,446.
Attachment(s): Exhibit A - December 2021 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