File #: ID 2025-309    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 11/3/2025 In control: Community Redevelopment Agency
On agenda: 11/12/2025 Final action:
Title: AMENDING FISCAL YEAR 2024-2025 ANNUAL BUDGET
Attachments: 1. RESOLUTION, 2. BACKGROUND: EXHIBIT A
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:                     November 12, 2025

 

 

Title

AMENDING FISCAL YEAR 2024-2025 ANNUAL BUDGET

 

Body

 

 

BACKGROUND:                                           With the close-out of the MCRA FY 2024-2025 budget, there was a balance remaining of $2,629,956 in the Operating Fund (140 accounts).  In accordance with Section 163.387(7) Florida Statutes, these funds have to be carried over to the current fiscal year’s budget and allocated to specific redevelopment projects and programs.

 

Attached is the budget amendment for fiscal year 2024-2025.

 

 

RECOMMENDATION:                     Approval

 

 

FISCAL IMPACT:                     The fiscal impact of the budget amendment for each Fund is detailed in Exhibit A attached.

 

 

CONTACT PERSON:                      Cale Curtis, CRA Executive Director