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Home My WebLink AboutR-20-01 CRA BudgetCITY OF SEBASTIAN COMMUNITY REDEVELOPMENT AGENCY RESOLUTION NO. 20-01 A RESOLUTION OF THE CITY OF SEBASTIAN COMMUNITY REDEVELOPMENT AGENCY (CRA) ADOPTING A BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2019 AND ENDING SEPTEMBER 30, 2020; MAKING FINDINGS; AUTHORIZING AMENDMENTS AND TRANSFERS; PROVIDING FOR CONFLICTS; PROVIDING FOR SCRIVENER'S ERRORS; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Manager of the City of Sebastian has submitted a budget for the City of Sebastian Community Redevelopment Agency (CRA) for the Fiscal Year beginning October 1, 2019 and ending September 30, 2020; and WHEREAS, the budget includes the estimated expenditures necessary to carry out the functions of the CRA for the Fiscal Year beginning October 1, 2019, and ending September 30, 2020; and WHEREAS, the budget includes the estimated revenues to be received by the CRA during said period from all sources, including tax increment funding; and WHEREAS, the CRA has examined and carefully considered the proposed budget in a duly assembled meeting; NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BOARD OF CITY OF SEBASTIAN COMMUNITY REDEVELOPMENT AGENCY: SECTION 1. The City of Sebastian Community Redevelopment Agency does hereby adopt, confirm and approve the budget attached hereto as Exhibit "A" as the budget for the CRA for the Fiscal Year beginning October 1, 2019 and ending September 30, 2020. SECTION 2. The governing board of the CRA does hereby find that: (a) The budget adopted has been prepared in accordance with generally accepted accounting principles; and (b) The estimated revenues to be received by the CRA during the Fiscal Year beginning October 1, 2019, and ending September 30, 2020 from all sources, including tax increment funding and reserves, equals the total of appropriations for expenditures in the budget during said period; and (c) The budget will regulate expenditures of the CRA and no expenditures or contracts for expenditures shall be made except in pursuance of budgeted appropriations; (d) The budget is adopted in accordance with Section 189.418, Florida Statutes. SECTION 3: In order to effect an orderly year-end closeout of all financial books and records for the CRA, the City of Sebastian City Manager is hereby authorized and directed to increase the corresponding line item appropriations in the budget to the extent of those purchase orders which shall have been issued prior to September 30, 2019, but shall not have been filled prior to that date, and is authorized and directed to pay all such purchase orders upon receipt of the goods or services therein specified from the funds so appropriated. The City of Sebastian City Manager is hereby further authorized and directed to increase the budget appropriations to the extent of any unexpended balances from state, federal or other grants as of the end of business on September 30, 2019, and to the extent of any unexpended balances, whether or not encumbered, outstanding in projects or programs as of the end of business on September 30, 2019 and all such balances shall be appropriated to the corresponding accounts in the same funds in which they were outstanding as of September 30, 2019; and the City Manager shall be authorized to expend such appropriations for the purposes approved by the CRA in connection with such state, federal or other grants, and projects. The City Manager shall, prior to December 31, 2019, report to the CRA all such purchase orders, grants and projects. Corresponding changes in the anticipated revenue accounts are hereby authorized. SECTION 4: The City Manager is hereby authorized and directed to maintain and amend the budget so as to reflect the anticipated revenue and the appropriation of, and expenditure of, all grant funds and bond proceeds committed to, or received by the CRA subsequent to September 30, 2019, and prior to October 1, 2020, in accordance with the directions of the CRA as to the appropriation and expenditure of such grants and bond proceeds as and when received. The City Manager shall have the authority to transfer appropriations from one line item to another line item of the budget, so long as the total appropriations shall not be increased thereby. Transactions affecting total appropriations, other than those authorized herein in other sections shall require the prior approval of the CRA. Any such transactions are subject to any restrictive statutes or ordinances, including those authorizing the issuance of any outstanding bonds. SECTION 5: CONFLICTS: All resolutions or parts of resolutions in conflict herewith are hereby repealed. SECTION 6: SCRIVENER'S ERRORS: Sections of this resolution may be renumbered or re -lettered and corrections of typographical errors which do not affect the intent may be authorized by the City Manager, or the City Manager's designee, without need of further action of City Council by filing a corrected copy of same with the City Clerk. SECTION 7: This Resolution shall become effective October 1, 2019. The foregoing Resolution was moved for adoption by CRA Board member Doge . The motion was seconded by CRA Board member Iovino and, upon being put into a vote, the vote was as follows: Jim Hill, Chairman aye Linda Kinchen aye Bob McPartlan aye Ed Dodd aye Albert Iovino aye The CRA Chairman thereupon declared this Resolution duly passed and adopted on this 25`h day of September, 2019. CITY OF SEB IAN, FLORIDA_ By: Chairman ATTEST: = = ti anette Williams, City Clerk ' _ - _ Approved as to form and legality "fbr- the reliance b ity of Sebastian only: James ices, City Attorney EXHIBIT "A" FOR RESOLUTION NUMBER 20-01 CITY OF SEBASTIAN, FLORIDA 2019/2020 ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY City of Sebastian Community Redevelopment Agency was created by City Ordinance in 1995, pursuant to Section 163.387, Florida Statutes. The purpose of the Community Redevelopment Agency is the removal of blighted areas and the development of such areas, pursuant to the Community Redevelopment Act of 1969. COMMUNITY REDEVELOPMENT AGENCY REVENUES Code: 140010 Account Number Description TAXES 338200 Tax Increment Revenue - Sebastian 338200 Tax Increment Revenue - County TOTAL TAXES MISCELLANEOUS REVENUE 361100 Interest Income 361105 SBA Interest Earnings 362100 Rents and Royalties 366000 Contributions & Donations TOTAL MISCELLANEOUS REVENUE NON -REVENUE SOURCES 381001 Transfer from General Fund 389991 Fund Balance Carried Forward TOTAL NON -REVENUE SOURCES TOTAL RIVERFRONT REDEVELOPMENT Amended FY 15116 FY 16117 FY 17118 FY 18119 FY 18/19 FY 19/20 Actual Actual Actual Budeet Proiected Budeet 181,150 181,631 181,652 183,842 183,130 182,732 157,874 160,610 184,879 201,868 201,086 215,084 339,024 342,241 366,532 385,710 384,216 397,816 3,019 4,702 8,730 9,500 12,200 15,000 0 1,056 1,885 500 3,000 3,750 36,000 36,000 36,000 36,000 36,000 36,000 0 0 0 3,000 3,000 0 39,019 41,758 46,615 49,000 54,200 54,750 0 0 0 20,457 20,457 0 0 0 116,935 303,964 158,144 61,334 0 0 116,935 324,421 178,601 61,334 378,043 383,999 530,082 759,131 617,017 513,900 EXHIBIT "A" FOR RESOLUTION NUMBER 20-01 CITY OF SEBASTIAN, FLORIDA 2019/2020 ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY EXPENDITURES Code: 140051 Account Number Descriution OPERATING EXPENDITURES 533100 Professional Services 533120 Consultants 533201 Admin Svcs Provided by the GF 533400 Other Contractual Services 533425 Contract Mowing Services 534000 Travel and Per Diem 534315 Public Lighting 534320 Water and Sewer 534400 Rents and Leases 534686 R&M -Park Facilities 534699 Other Capital Maintenance Expense 534830 Special Events Expense 534920 Legal Ads 535310 Road Materials & Supplies 535410 Dues & Memberships 545450 Training and Education 535710 Non -Ad Valorem Taxes TOTAL OPERATING EXPENDITURES CAPITAL OUTLAY 606300 Improvements Other Than Buildings 606900 Infrastructure TOTAL CAPITAL OUTLAY GRANTS AND AIDS 820100 Fagade/Sign Improvement Program 820200 Sewer Connection Program TOTAL GRANTS AND AIDS NON-OPERATING 909101 Interfund Trfr to General Fund 001 909131 Interfund Trfr to CEP Fund 310 909132 Interfund Trfr to CEP Fund 320 909133 Interfund Trfr to CEP Fund 330 909363 Interfund Trfr to CEP Fund 363 909990 Unappropriated TOTAL NON-OPERATING TOTAL RIVERFRONT REDEVELOPMENT Amended FY 15/16 FY 16/17 FY 17118 FY 18/19 FY 18/19 FY 19/20 Actual Actual Actual Budget Proiected Budget 5,000 5,000 5,000 5,000 5,000 5,000 0 0 0 20,000 19,960 70,000 13,202 13,202 87,740 90,372 90,372 99,076 20,398 0 37,013 202,750 190,429 156,444 118,370 0 0 0 0 0 0 0 0 0 500 15,579 0 0 0 0 0 946 0 0 0 365 0 3,968 4,022 4,728 648 4,728 4,728 250 0 0 0 0 0 23,572 6,178 18,706 45,457 45,457 20,000 37,120 39,308 44,525 45,000 45,000 45,000 1,463 1,857 5,828 2,000 1,000 1,000 0 0 206 0 0 0 175 175 175 175 670 670 0 0 0 0 0 500 2,033 2,067 1,990 1,990 2,928 1,350 242,076 71,808 205,911 413,392 405,909 404,268 11,209 0 0 63,000 63,000 0 0 0 0 3,000 3,000 0 11,209 0 0 66,000 66,000 0 10,196 0 34,676 55,000 20,000 10,000 69,500 40,766 39,495 224,739 125,108 99,632 79,696 40,766 74,171 279,739 145,108 109,632 21,667 0 0 0 0 0 0 0 250,000 0 0 0 0 0 0 0 0 12,070 188,730 0 0 0 0 0 0 0 0 0 0 11,325 82,695 0 0 0 0 45,062 271,425 250,000 0 0 0 378,043 383,999 530,082 759,131 617,017 513,900