File #: ID 2020-413    Version: 1 Name:
Type: Resolution Status: Agenda Ready
File created: 11/3/2020 In control: Community Redevelopment Agency
On agenda: 11/12/2020 Final action:
Title: AMENDING FISCAL YEAR 2019-2020 AND 2020-2021 ANNUAL BUDGETS
Attachments: 1. RESOLUTION, 2. OTHER: EXHIBITS A & B
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, 2020

 

 

Title

AMENDING FISCAL YEAR 2019-2020 AND 2020-2021 ANNUAL BUDGETS

 

Body

 

 

BACKGROUND:                     The MCRA annual budget for FY 2020-2021 was approved by the Board at the MCRA meeting on September 9, 2020. With the close out of the MCRA FY 2019-2020 budget, there was a balance of $ 2,128,608 remaining in the Operating Fund (140 accounts).  In accordance with Section 163.387(7) Fla. Statues, these funds have to be carried over to the current fiscal year’s budget and allocated to projects and programs.                     

 

Attached are the budget amendments for fiscal years 2019-2020 and 2020-2021.

 

FY 2020-2021 includes a proposed amendment for SW 6th Street Improvements and additional funds allocated toward Land Acquisition.

 

RECOMMENDATION:                     Approval

 

 

FISCAL IMPACT: The fiscal impact of the budget amendment for each fund is detailed in attachments Exhibit A and Exhibit B to the resolution.                     

 

 

CONTACT PERSON: Cale Curtis, CRA Executive Director