File #: ID 2024-294    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 9/3/2024 In control: Community Redevelopment Agency
On agenda: 9/11/2024 Final action:
Title: APPROVING FISCAL YEAR 2024-2025 ANNUAL BUDGET
Attachments: 1. RESOLUTION, 2. PROPOSED BUDGET FOR FY 2024-2025
Date Ver.Action ByActionResultAction DetailsMeeting DetailsAudio/Video
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TO:                     Margate CRA Chair and Members of the Board

 

FROM:                     Cale Curtis, CRA Executive Director

 

DATE:                     September 11,2024

 

 

Title

APPROVING FISCAL YEAR 2024-2025 ANNUAL BUDGET

 

Body

 

 

BACKGROUND:                                           The proposed budget for the fiscal year 2024-2025 was presented at the MCRA meeting held on August 20, 2024 and included revenue projections, operations expense projections, and current and proposed capital improvement projects. 

 

The proposed budget was revised to reflect the Board’s feedback and is attached for review and approval.

 

Per Statute 163, Part III, the annual budgets for CRA’s are required to be approved by September 30th of each year. 

 

 

RECOMMENDATION:                     Approval of the proposed MCRA annual budget for the fiscal year 2024-2025.

 

 

FISCAL IMPACT:                     As outlined in the attached budget.

 

 

CONTACT PERSON:                      Cale Curtis, CRA Executive Director