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File #: ID#21-9622    Version: 1 Name: FY20-21 Budget Amendments
Type: Action Item Status: Passed
File created: 8/18/2021 In control: Community Redevelopment Agency
On agenda: 9/13/2021 Final action: 9/13/2021
Title: Amend the operating budget for the Community Redevelopment Agency (CRA) for fiscal year 2020-2021, approve budget amendments to the CRA Capital Improvement Projects and adopt CRA Resolution 21-01.
Attachments: 1. CRA 20-21 Budget Amendment, 2. CRA 20-21 Budget Amendment-CAPITAL(r), 3. FY20-21 Amendment Resolution

SUBJECT/RECOMMENDATION:

Title

Amend the operating budget for the Community Redevelopment Agency (CRA) for fiscal year 2020-2021, approve budget amendments to the CRA Capital Improvement Projects and adopt CRA Resolution 21-01.

Body

SUMMARY: 

Revenue amendments in the operating budget reflect a net decrease of $4,849.  This includes the following decreases to the budget in line with the revenues received to date:

                     A decrease of $2,170 in County TIF revenues

                     A decrease of $2,593 in City TIF revenues

                     A decrease of $86 in DDB TIF revenues

 

Expenditure amendments in the operating budget reflect a decrease of $4,849.  This includes the following amendments:

                     A decrease of $2,763 in Printing and Binding

                     A decrease of $2,000 in Employee Expense-Travel

                     A decrease of $86 in Payments to Other Agencies- DDB

                     A transfer from Other Contractual Services to Professional Services in the amount of $25,000 to reflect actual expenditures to date.

 

The proposed amendments to the CRA Capital Improvements Project reflect a net increase of $221,931.27.  This includes the following amendments:

                     An increase of $221,931.27 in TIF revenues for capital project R2003 - Economic Development - City, representing a transfer from the CRA operating fund for project activities including non-governmental public facilities, redevelopment incentive grants, environmental remediation, commercial façade grants, and land acquisition.