The URL can be used to link to this page

Home My WebLink AboutR-23-01 CRA BudgetCITY OF SEBASTIAN COMMUNITY REDEVELOPMENT AGENCY RESOLUTION NO.23-01 A RESOLUTION OF THE CITY OF SEBASTIAN COMMUNITY REDEVELOPMENT AGENCY (CRA) ADOPTING A BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2022 AND ENDING SEPTEMBER 30, 2023; 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, 2022 and ending September 30, 2023; and WHEREAS, the budget includes estimated expenditures necessary to carry out the fractions of the CRA for the Fiscal Year beginning October 1, 2022, and ending September 30, 2023; 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, 2022 and ending September 30, 2023. 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, 2022, and ending September 30, 2023 from all sources, including tax increment funds, equals the total of appropriations for expenditures and for reserves 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, 2022, 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, 2022, 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, 2022 and all such balances shall be appropriated to the corresponding accounts in the same funds in which they were outstanding as of September 30, 2022; 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, 2022, 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, 2022, and prior to October 1, 2023, 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 erors 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, 2022. The foregoing Resolution was moved for adoption by CRA Board member Nunn The motion was seconded by CRA Board member MCPartlan and, upon being put into a vote, the vote was as follows: Jim Hill, Chairman are Ed Dodd aye Bob McPartlan aye Fred Jones aye Christopher Nunn ave The CRA Chairman thereupon declared this Resolution duly passed and adopted on this 30'h day of September, 2022. CITY OF S TP ASTIAN, FLORIDA-' By: _ li hairman ATTEST: � / l��ii'l.Y.11tLl� - nette Williams, City Clerk 0 -� (/ Approved as to form and le y for the relianceby eCi IS a only: Mny Ano , Jr., Cit ttomey CRA RESOLUTION R-23-01 - EXHIBIT "A" CITY OF SEBASTIAN, FLORIDA 2022/2023 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 Amended Account FY 18119 FY 1920 FY 2021 FY 21/22 FY 2122 FY 2223 Number DcwHtdon Actual Actual Actual Budeet Proeeled Budect TAXES 338200 Tex Increment Revenue - Sebastian 183,130 182,732 215,305 197,927 192,932 190,290 3392M Tax Increment Revenue - County 201,086 220,508 242,367 233,714 192,832 190,290 TOTAL TAXES 384,216 403,240 457,672 431,641 385,664 380,580 MISCELLANEOUS REVENUE 361100 Interest lceome 9,791 2,426 1,267 3,000 4,000 61000 361105 SBA Interest Eandngs 4,310 2,656 200 1,780 780 1,719 362100 Rents and Royalnes 36,000 36.000 36,000 36,000 36,000 36,000 366000 Cunuibudmrs&Donations 3,000 0 0 0 TOTAL MISCELLANEOUS REVENUE 53,101 41,092 37,467 40,780 40,780 43,719 NON -REVENUE SOURCES 3810m Transfer turn General Ford 20,457 0 0 0 0 0 389991 Furl Balance Carried Fomard 49,709 0 0 317,216 82,658 0 TOTAL NON -REVENUE SOURCES 70,166 0 0 317,216 82,658 0 TOTAL RIVERFRONT REDEVELOPMENT 507,4M 444,322 495,139 789,637 509,102 424,299 CITY OF SEBASTIAN, FLORIDA 2022/2023 ANNUAL BUDGET COMMUNITY REDEVELOPMENT AGENCY EXPENDITURES Code: 140051 Amended Account FY I8/19 FY 19/20 FY 2021 FV 21122 FV 21122 FY 22/23 Number Description Actual Actual Actual Budget Pro ected Budeet OPERATING EXPENDITURES 533100 Pmfessiooal Services 5,000 5,000 5,000 5,000 5,000 5,000 533120 Consuhnn<s 19,705 256 0 0 0 0 533200 Audit Fees 0 0 5,000 5,000 5,000 5,000 533201 Admin Svcs Provided by the OF 90,372 99,076 99,725 92,655 92,655 62,431 5334M Other Contractual Services 192,224 124,774 96,195 100,282 99,942 99,942 534000 Tmvel and Per Diem 0 0 0 300 0 500 534120 Postage 0 126 7 100 0 0 534320 Water ad Sewer 365 0 0 0 0 0 534400 Rents and Lenses 5,480 4,217 4,302 4,300 4,302 4,950 534698 Other CPA Maintenance Expenses 0 0 0 12,245 10,000 10,000 534699 Maint Expanses 35,466 9,653 18,020 37,755 50,000 20,000 534830 Special Events Expense 43,460 41,210 32,125 50,000 50,000 50,000 534920 Legal Ads 569 121 279 Soo 300 300 535410 Duce & Memberships 670 670 795 795 795 795 545450 Training and Education 0 395 0 395 395 400 535710 Nan -Ad Valorem Taxes 2,928 1,396 1,478 1,500 1,582 1,600 TOTAL OPERATING EXPENDITURES 396,239 286,894 252,927 310,827 319,971 260,918 GRANTS AND AIDS 820100 F.K clo Sign lmpmvement Program 0 15,000 5,323 40,000 5,000 0 820200 Sewer Comteetion Program 111,245 24,424 0 0 68,366 0 TOTAL GRANTS AND AIDS 111,245 39,424 5,3n 40,000 73,366 0 NON -OPERATING 909132 Interfurtd Trfr to CV Fund 320 0 13,448 137,415 312,944 87,944 15,000 909363 hucalii n l Trfr no CIP Fund 363 0 0 36,890 125,866 27,821 0 909990 Unappmpdated 0 104,556 62,584 0 0 148,381 TOTAL NON -OPERATING 0 118,004 236,889 438,810 115,765 163,381 TOTAL RIVERFRONT REDEVELOPMENT 507,484 444,322 495,139 789,637 509,102 424,299