HomeMy WebLinkAbout2015-09-08 CRA Board Special Meeting Budget Adoption AgendaAGENDA
COMMUNITY REDEVELOPMENT AGENCY
SPECIAL MEETING -BUDGET ADOPTION
TUESDAY, SEPTEMBER 08, 2015 -6:00 P.M.
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1.CALL TO ORDER/ROLL CALL
2.PUBLIC HEARINGS
1.RESOLUTION NO. 2015-CRA-005
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE COMMUNITY
REDEVELOPMENT AGENCY ("CRA") OF THE CITY OF DANIA BEACH,
FLORIDA, APPROVING THE CRA FINANCING AND IMPLEMENTATION PLAN
AND ADOPTING THE FINAL ESTIMATES OF REVENUE AND EXPENDITURES
FOR THE CRA FUND AND THE COMMUNITY GARDEN PATCH FUND FORTHE
FISCAL YEAR COMMENCING ON OCTOBER 1, 2015 AND ENDING ON
SEPTEMBER 30, 2016; APPROPRIATING FUNDS AS MAY BE NEEDED OR
DEEMED NECESSARY TO DEFRAY ALL EXPENDITURES AND LIABILITIES OF
THE CRA FOR SUCH FISCAL YEAR; PROVIDING FOR CONFLICTS; FURTHER,
PROVIDING FOR AN EFFECTIVE DATE.
3.ADJOURNMENT
Resolution approving the Dania Beach CRA Budget for Fiscal Year 2015-2016 and CRA Financing and
Implementation Plan (FY 2016-2020)
CITY OF DANIA BEACH
Agenda Request Item
Type of Request:
(Adopt Resolution, Adopt Ordinance (1st Reading)Adopt Ordinance (2nd Reading)
Award Bid /RFP, Presentation, Public Hearing)
Continued from:
Requested Action (Identify appropriate Action or Motion)
Resolution approving the Dania Beach CRA Budget for Fiscal Year 2015-2016 and CRA Financing and
Implementation Plan (FY 2016-2020)
Description of Action
Resolution approving the Dania Beach CRA Budget for Fiscal Year 2015-2016 and CRA Financing and
Implementation Plan (FY 2016-2020)
Purchasing Requests ONLY
Dept: Acct #: Amt:
Fund: (Select from: General, Water, Sewer, Stormwater, Grants, Capital)
Fiscal Impact/Cost Summary
Exhibits Attached
Memo from the CRA Interim Executive Director
Exhibit A Financing and Implementation Plan (2016-2020)
Exhibit B Fund 106 CRA FY 2016 Budget –112 CRA PATCH FY 2016 Budget
Resolution No. 2015-003 CRA Final Budget Adoption
To:Chair, Vice Chair and Board of Commissioners
From:Rachel Bach, Interim Executive Director
CC:Nicki Satterfield, Finance Director (CRA Treasurer)
Date:September 8, 2015
Re:Resolution approving the Dania Beach CRA Budget for Fiscal Year 2015-2016 and CRA Financing
and Implementation Plan (FY 2016–2020)
Background
In 2009, the Dania Beach Community Redevelopment Agency Board of Commissioners adopted an updated the
Community Redevelopment Plan which expanded the Redevelopment Area boundaries and provided specified
projects and strategies to address redevelopment. As a tool for implementation of the CRA Plan,the CRA creates
and updates a five-year financing and implementation plan (the “Finance Plan”) utilizing the CRA’s financial
resources and projecting future resources needed to to look forward in terms of future financing needs for
implementation.
The 1st year of the Finance Plan (FY 2016) serves as the budget for the CRA with FY’s 2017–2020 serving as the
strategic vision that guides future redevelopment planning. The following section provides an overview of the
proposed FY 2016 CRA and PATCH Garden budgets and a summary of the 5-Year Finance Plan.
Update
Attached as Exhibit “A”to the Resolution is the proposed FY 2016 -2020 Finance Plan. Attached as Exhibit “B”
is the proposed combined budgets for Funds #106, Community Redevelopment Agency and #112 PATCH Market
Garden. The following provides a brief summary:
Summary of 5-Year Financing and Implementation Plan (Exhibit “A”)
Revenues
City of Dania Beach
in lieu of tax increment (2016-2019):$3,804,203
pass thru for cost allocation (2016-2019): 1,133,420
contribution towards Arts/Seafood Festival (2016-2019): 40,000
MPO TAP Program (match): 150,000
Potential shift to a tax increment model (FY 2020):3,828,321
Broward County
Columbus Project: 1,128,143
MPO TAP Program (Multimodal Enhancements): 638,521
Other: 600,000
Community Event Revenues: 450,990
PATCH Revenues: 169,110
Investment Earnings: 7,400
Carryforward Fund Balance: 1,570,818
Total Sources: $13,520,926
Expenditures
Operations: $ 4,531,071
City of Dania Beach (pass thru for cost allocation): 1,423,820
Redevelopment Initiatives: 4,871,908
Total Uses: $10,826,799
Total Reserves: $ 2,694,127
Explanation of Plan Sources over the 5-year period
City of Dania Beach (in lieu of tax increment)
Represents funding (in lieu of tax increment) from the City of Dania Beach for operations/redevelopment
initiatives that benefit business owners, residents, and customers within the CRA.
City of Dania Beach (cost allocation plan)
Represents reimbursement to the City for administrative services provided to the CRA (e.g. finance
department for payroll, and vendor payment processing). This funding is essentially a pass-thru as revenues
collected from the City are transferred back out to the City to cover the cost allocation plan.
City of Dania Beach (contribution towards the Arts/Seafood Festival)
Represents contributions from the City towards the annual Arts/Seafood Festival.
City of Dania Beach (match towards MPO TAP Program)
Represents forecasted match funding towards the MPO TAP Grant for pedestrian and traffic calming
improvements in the Sun Garden Isles Sub-Area (actual amount will vary based on actual costs)
City of Dania Beach (tax increment)
Represents forecasted revenues from current and project development resulting in a shift towards a tax
increment model in FY 2020. This shift would leverage the growth in the CRA from general property
appreciation and new construction (e.g. Dania Jai Alai, The Place at Dania Beach, The Columbus Project,
Dania Pointe, etc.) to re-invest and stimulate further redevelopment. This is an opportunity for the CRA to
self fund the Redevelopment Trust Fund that can be negotiated in future fiscal years.
Broward County (Columbus Project)
Represents forecasted reimbursement funding through the Broward Redevelopment Program for the
Columbus Project. This program is funded on a reimbursement basis. As such, the City loaned the CRA
$1.1 million in FY 2014 to allocate towards allowable portions of the project (e.g. public parking). The
Finance Plan forecasts the allowable project expenditures (Columbus Project supporting schedule), the
reimbursement from Broward County under the Redevelopment Program, and the corresponding payback of
the City loan.
Broward County (Other)
Represents forecasted funding to be received from the County for eligible projects within the CRA area.
PATCH Revenues
Represents forecasted revenue collections from PATCH operations in FYs 2016-2020 (based on event
collection trends in FY 2015).
Investment Earnings
Represents investment earnings (i.e. interest) generated from the CRA’s cash balances.
Carryforward Fund Balance
Represents the carryforward of fund balance (i.e. unspent cash balance) within the CRA that is available for
investment in redevelopment projects.
Explanation of Plan Uses over the 5-year period
Operations
Consists of funding for CRA personnel, general operating expenditures, and professional redevelopment
services.
City of Dania Beach (cost allocation plan)
Please see description included under the “Plan Sources” section above.
Redevelopment Area Investment
Represents funding for redevelopment area investment over the five-year plan and includes the following:
Streetscape Enhancements 868,458$
Infrastructure Improvements 1,128,143
Housing and Neighborhood Stabilization 11,247
Redevelopment Initiatives/Business Development 475,000
Parks and Open Space 999,550
Marketing and Public Relations 235,000
Community Events 26,367
Reimbursement to City (Columbus Project)1,128,143
4,871,908$
Reserves
Represents the estimated reserves generated over the five-year period and totals $2.7 million. Reserves are
an integral part of the Plan and are necessary to cover deficiencies in revenue collection/forecasting as well
as provide flexibility to invest in redevelopment opportunities as they arise.
Fiscal Year 2016 Budget (1st year of Plan)–Exhibit “B”
Revenues
Revenues for the CRA total $3.2 million for FY 2016 and include the following:
City of Dania Beach
in lieu of tax increment:$ 880,000
pass thru for cost allocation: 279,170
contribution towards Arts/Seafood Festival: 10,000
Broward County
Columbus Project (1st milestone): 376,048
Community Event Revenues: 80,000
PATCH Revenues: 30,000
Investment Earnings: 2,000
Carryforward Fund Balance: 1,570,818
Total: $ 3,228,0361
Explanation of Revenues FY 2016
City of Dania Beach (in lieu of tax increment)
Represents funding (in lieu of tax increment) from the City for operations/redevelopment initiatives that
benefit the business owners, residents, and customers within the CRA.
City of Dania Beach (cost allocation plan)
Represents funding from the City used to cover the CRA’s portion of the cost allocation plan. The City of
Dania Beach completed a cost allocation plan during FY 2013 that is a model for allocating costs from the
City’s support functions (e.g. Finance Department for processing payroll and vendor payments) to its users
(of which the CRA is one). This funding is essentially a pass-thru as all revenues collected from the City are
transferred back out to the City to cover the cost allocation plan.
City of Dania Beach (contribution towards the Arts/Seafood Festival)
Represents a contribution from the City towards the annual Arts/Seafood Festival.
1 Please Note: This figure includes the total operating activity for both of the CRA Funds (Trust Fund and PATCH Fund) and ties to the
Finance Plan (Exhibit A of the Resolution). Excluded from this total is the $150,000 transfer from the CRA Trust Fund (expense within
Fund 106) into the CRA PATCH Fund (revenue within Fund 112). The interfund transfer represents an accounting transaction that
“grosses-up” the totals which does not accurately reflect the actual investment in the District. As such, the Finance Plan excludes the
interfund transfer activity to provide the CRA Board and stakeholders with an accurate reflection of anticipated investment within the
District. The budget (Exhibit B of the Resolution) does include the interfund transfer to allow for the administrative management of the
District.
Broward County (Columbus Project)
Represents forecasted reimbursement funding through the Broward Redevelopment Program for the
Columbus Project. This program is funded on a reimbursement basis. As such, the City loaned the CRA
$1.1 million in FY 2014 to allocate towards allowable portions of the project (e.g. public parking). The
Finance Plan forecasts the allowable project expenditures (Columbus Project supporting schedule), the
reimbursement from Broward County under the Redevelopment Program, and the corresponding payback of
the City loan. Specifically, FY 2016 includes estimated activity associated with the 1st milestone (e.g.
executed construction contract, approved plans, and all required development and permit approvals).
Community Event Revenues
Represents revenue collection for the Dania Beach Arts & Seafood Festival (over $79,500 was collected in
FY 2015).
PATCH Revenues
Represents revenue collection from PATCH operations (over $21,000 was collected in FY 2015).
Investment Earnings
Represents investment earnings (i.e. interest) generated from the CRA’s cash balances.
Carryforward Fund Balance
Represents the carryforward of fund balance (i.e. unspent cash balance) within the CRA that is available for
investment in redevelopment projects.The majority of carryforward is associated with the Columbus Project
($1.1 million).
Expenditures
Expenditures for the CRA total $3.2 million for FY 2016 and include the following:
Operations: $ 975,491
City of Dania Beach (pass thru for cost allocation): 279,170
Redevelopment Initiatives: 1,904,875
Total Uses:$3,159,536
Explanation of Expenditures FY 2016
Operations
Totals $975,491 for FY 2016 and consists of the following:
·Personnel ($454,291; represents funding for four full-time staff positions); and
·Miscellaneous operating expenditures, professional services, and promotional/event activities
including the Arts/Seafood Festival..
City of Dania Beach (cost allocation plan)
Represents reimbursement to the City for administrative services provided to the CRA ($279,170; e.g.
finance department for payroll, and vendor payment processing).
Redevelopment Area Investment
Represents funding for redevelopment area investment and includes the following:
Streetscape Enhancements
Gateway Signage $ 79,937
Infrastructure Improvements
Columbus Project $1,128,143
Reimbursement to the City for Columbus Project
1st milestone $ 376,048
Redevelopment Initiatives/Business Development
Façade Improvement Assistance $ 55,000
Redevelopment Initiatives/Bus. Dev. 20,000
Total:$ 75,000
Parks and Open Space
PATCH Operations $ 191,500
Park Improvements/Community Garden 3,000
Total:$ 194,500
Neighborhood Beautification $ 11,247
Marketing and Public Relations
Website Redesign $ 20,000
Marketing/Public Relations 15,000
Total:$ 35,000
Community Events
Vintage Motorcycle Festival $ 5,000
Total Redevelopment Area Investment:$1,904,875
Reserves
The FY 2016 budget includes an allocation to reserve totaling $68,500. Reserves are an integral part of the
Plan and are necessary to cover deficiencies in revenue collection/forecasting as well as provide flexibility
to invest in redevelopment opportunities as they arise.
Fiscal Impact
The DBCRA is not requesting any increase in revenues “in lieu” of Tax Increment from the City of Dania Beach.
The Financing and Implementation Plan for FY 2016 –2020 adoption is a guiding tool for future CRA funding.
Recommendation
Motion to approve.
City of Dania Beach
Community Redevelopment Agency
Prepared by: Office of the Executive Director 100 W. Dania Beach Blvd. Dania Beach, FL 33004 Phone (954) 924-6800 x3732 Fax (954) 921-2604 www.ci.dania-beach.fl.us
Financing and Implementation Plan
(2016-2020)
“Stimulating redevelopment activity in order to strengthen the
economic base of the redevelopment area”
1 of 13 09/03/2015
Exhibit A
Proposed Forecasted Forecasted Forecasted Forecasted
FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
Source (Revenue)
Carryforward
Carryforward of FY 2015 Appropriations 1,570,818$ 1,570,818$
Total Estimated Carryforward Balances 1,570,818$ 1,570,818$
Revenues
Tax Increment Revenue (TIR) Allocation 3,828,321$ -$ -$ -$ -$ 3,828,321$
Community Event Revenues 450,990$ 80,000 84,800 89,890 95,290 101,010
Intergovernmental Funding
Broward County:
Grant Proceeds (Columbus; public parking)1,128,143$ 376,048 752,095 - - -
MPO TAP Program (Multimodal Enhancements)638,521$ - - 638,521 - -
Other (unencumbered)600,000$ - 150,000 150,000 150,000 150,000
City of Dania Beach:
Contribution in-lieu of TIR
General 3,804,203$ 880,000 925,760 973,900 1,024,543 -
Arts/Seafood Festival 40,000$ 10,000 10,000 10,000 10,000 -
MPO TAP Match (Multimodal Enhancements)150,000$ - 150,000 - - -
Cost Allocation Plan 1,133,420$ 279,170 284,750 284,750 284,750 -
Miscellaneous Revenues
PATCH Operating Revenues 169,110$ 30,000 31,800 33,710 35,730 37,870
Investment Earnings 7,400$ 2,000 1,600 1,400 1,200 1,200
Total Forecasted Revenues 11,950,108$ 1,657,218$ 2,390,805$ 2,182,171$ 1,601,513$ 4,118,401$
Total Sources 13,520,926$ 3,228,036$ 2,390,805$ 2,182,171$ 1,601,513$ 4,118,401$
Use (Expenditures)
Expenditures
Operations
Dedicated Personnel Allocation (4 full-time positions)2,460,571$ 454,291$ 472,460$ 491,360$ 511,010$ 531,450$
Operating Expenses 2,070,500$ 521,200 375,920 383,420 391,080 398,880
City Cost Allocation Plan (transfer to General Fund)1,423,820$ 279,170 284,750 284,750 284,750 290,400
Subtotal - Operations 5,954,891$ 1,254,661$ 1,133,130$ 1,159,530$ 1,186,840$ 1,220,730$
Sub Area Initiatives
Streetscape Enhancements 868,458$ 79,937$ 150,000$ 638,521$ -$ -$
Infrastructure Improvements 1,128,143$ 1,128,143 - - - -
Housing and Neighborhood Stabilization 11,247$ 11,247 - - - -
Redevelopment Initiatives/Business Development 475,000$ 75,000 100,000 100,000 100,000 100,000
Parks and Open Space 999,550$ 194,500 195,330 199,230 203,210 207,280
Marketing and Public Relations 235,000$ 35,000 50,000 50,000 50,000 50,000
Community Events 26,367$ 5,000 5,150 5,300 5,377 5,540
Reimbursement to City (Columbus Project)1,128,143$ 376,048 752,095 - - -
Subtotal - Sub Area Initiatives 4,871,908$ 1,904,875$ 1,252,575$ 993,051$ 358,587$ 362,820$
Total Forecasted Expenditures 10,826,799$ 3,159,536$ 2,385,705$ 2,152,581$ 1,545,427$ 1,583,550$
Reserve
Redevelopment Project Contingency 2,665,527$ 60,000$ -$ 24,590$ 51,086$ 2,529,851$
Redevelopment Project Contingency (PATCH)28,600$ 8,500 5,100 5,000 5,000 5,000
Total Forecasted Reserves 2,694,127$ 68,500$ 5,100$ 29,590$ 56,086$ 2,534,851$
Total Uses 13,520,926$ 3,228,036$ 2,390,805$ 2,182,171$ 1,601,513$ 4,118,401$
Surplus/(Deficit)-$ -$ -$ -$ -$ -$
Notes:
Dania Beach Community Redevelopment Agency
Financing and Implementation Plan
Summary Statement by Project (1)
(1)Readers should refer to the Supporting Schedules for detailed information involving miscellaneous operating expenditure forecasts and Source& Use Statements for each Sub Area that specify the individual projects and associated funding sources.
Total
Investment
2016-2020
2 of 13 09/03/2015
Exhibit A
Proposed Forecasted Forecasted Forecasted Forecasted
FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
Source (Revenue)
Carryforward
Carryforward of FY 2015 Appropriations 1,570,818$ 1,570,818$
Total Estimated Carryforward Balances 1,570,818$ 1,570,818$
Revenues
Tax Increment Revenue (TIR) Allocation 3,828,321$ -$ -$ -$ -$ 3,828,321$
Community Event Revenues 450,990$ 80,000 84,800 89,890 95,290 101,010
Intergovernmental Funding
Broward County:
Grant Proceeds (Columbus; public parking)1,128,143$ 376,048 752,095 - - -
MPO TAP Program (Multimodal Enhancements)638,521$ - - 638,521 - -
Other (unencumbered)600,000$ - 150,000 150,000 150,000 150,000
City of Dania Beach:
Contribution in-lieu of TIR
General 3,804,203$ 880,000 925,760 973,900 1,024,543 -
Arts/Seafood Festival 40,000$ 10,000 10,000 10,000 10,000 -
MPO TAP Match (Multimodal Enhancements)150,000$ - 150,000 - - -
Cost Allocation Plan 1,133,420$ 279,170 284,750 284,750 284,750 -
Miscellaneous Revenues
PATCH Operating Revenues 169,110$ 30,000 31,800 33,710 35,730 37,870
Investment Earnings 7,400$ 2,000 1,600 1,400 1,200 1,200
Total Forecasted Revenues 11,950,108$ 1,657,218$ 2,390,805$ 2,182,171$ 1,601,513$ 4,118,401$
Total Sources 13,520,926$ 3,228,036$ 2,390,805$ 2,182,171$ 1,601,513$ 4,118,401$
Use (Expenditures)
Expenditures
Operations
Dedicated Personnel Allocation (4 full-time positions)2,460,571$ 454,291$ 472,460$ 491,360$ 511,010$ 531,450$
Operating Expenses 2,070,500$ 521,200 375,920 383,420 391,080 398,880
City Cost Allocation Plan (transfer to General Fund)1,423,820$ 279,170 284,750 284,750 284,750 290,400
Subtotal - Operations 5,954,891$ 1,254,661$ 1,133,130$ 1,159,530$ 1,186,840$ 1,220,730$
Sub Areas
City Center 461,367$ 40,000$ 105,150$ 105,300$ 105,377$ 105,540$
College Gardens 25,000$ 25,000 - - - -
Dania Beach Heights 25,000$ 25,000 - - - -
East Federal Highway 200,000$ - 50,000 50,000 50,000 50,000
Sun Garden Isles 44,184$ 44,184 - - - -
MPO TAP Program (Multimodal Enhancements)788,521$ - 150,000 638,521 - -
PATCH Community Garden 996,550$ 191,500 195,330 199,230 203,210 207,280
Columbus Project
Public Parking Improvements 1,128,143$ 1,128,143 - - - -
Reimbursement to City of Dania Beach 1,128,143$ 376,048 752,095 - - -
Agency Wide 75,000$ 75,000 - - - -
Subtotal - Sub Area Initiatives 4,871,908$ 1,904,875$ 1,252,575$ 993,051$ 358,587$ 362,820$
Total Forecasted Expenditures 10,826,799$ 3,159,536$ 2,385,705$ 2,152,581$ 1,545,427$ 1,583,550$
Reserve
Redevelopment Project Contingency 2,665,527$ 60,000$ -$ 24,590$ 51,086$ 2,529,851$
Redevelopment Project Contingency (PATCH)28,600$ 8,500 5,100 5,000 5,000 5,000
Total Forecasted Reserves 2,694,127$ 68,500$ 5,100$ 29,590$ 56,086$ 2,534,851$
Total Uses 13,520,926$ 3,228,036$ 2,390,805$ 2,182,171$ 1,601,513$ 4,118,401$
Surplus/(Deficit)-$ -$ -$ -$ -$ -$
Notes:
Dania Beach Community Redevelopment Agency
Financing and Implementation Plan
Summary Statement by Sub Area (1)
(1)Readers should refer to the Supporting Schedules for detailed information involving miscellaneous operating expenditure forecasts and Source& Use Statements for each Sub Area that specify the individual projects and associated funding sources.
Total
Investment
2016-2020
3 of 13 09/03/2015
Exhibit A
Proposed Forecasted Forecasted Forecasted Forecasted
Total FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
Source (Revenue)
Tax Increment Revenue (TIR) Allocation 5,540$ -$ -$ -$ -$ 5,540$
Intergovernmental Funding
Broward County:
Other (unencumbered)400,000$ -$ 100,000$ 100,000$ 100,000$ 100,000$
City of Dania Beach:
Contribution in-lieu of TIR 15,827$ - 5,150 5,300 5,377 -
Carryforward Fund Balance 40,000$ 40,000 - - - -
Total Sources 461,367$ 40,000$ 105,150$ 105,300$ 105,377$ 105,540$
Use (Expenses)
Redevelopment Initiatives/Business Development
Redevelopment Initiatives/Business Development 220,000$ 20,000$ 50,000$ 50,000$ 50,000$ 50,000$
Marketing and Public Relations 215,000$ 15,000 50,000 50,000 50,000 50,000
Community Events
Vintage Motorcycle Festival 26,367$ 5,000 5,150 5,300 5,377 5,540
Total Uses 461,367$ 40,000$ 105,150$ 105,300$ 105,377$ 105,540$
Surplus/(Deficit) - - - - - -
Dania Beach Community Redevelopment Agency
Financing and Implementation Plan
Supporting Schedule - City Center Sub Area
4 of 13 09/03/2015
Exhibit A
Proposed Forecasted Forecasted Forecasted Forecasted
Total FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
Source (Revenue)
Carryforward Fund Balance 25,000$ 25,000$ -$ -$ -$ -$
Total Sources 25,000$ 25,000$ -$ -$ -$ -$
Use (Expenses)
Streetscape Enhancements
Gateway Signage 25,000$ 25,000$ -$ -$ -$ -$
Total Uses 25,000$ 25,000$ -$ -$ -$ -$
Surplus/(Deficit) - - - - - -
Supporting Schedule - College Gardens Sub Area
Dania Beach Community Redevelopment Agency
Financing and Implementation Plan
5 of 13 09/03/2015
Exhibit A
Proposed Forecasted Forecasted Forecasted Forecasted
Total FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
Source (Revenue)
Carryforward Fund Balance 25,000$ 25,000$ -$ -$ -$ -$
Total Sources 25,000$ 25,000$ -$ -$ -$ -$
Use (Expenses)
Streetscape Enhancements
Gateway Signage 25,000$ 25,000$ -$ -$ -$ -$
Total Uses 25,000$ 25,000$ -$ -$ -$ -$
Surplus/(Deficit) - - - - - -
Dania Beach Community Redevelopment Agency
Financing and Implementation Plan
Supporting Schedule - Dania Beach Heights Sub Area
6 of 13 09/03/2015
Exhibit A
Proposed Forecasted Forecasted Forecasted Forecasted
Total FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
Source (Revenue)
Intergovernmental Funding
Broward County:
Other (unencumbered)200,000$ -$ 50,000$ 50,000$ 50,000$ 50,000$
Total Sources 200,000$ -$ 50,000$ 50,000$ 50,000$ 50,000$
Use (Expenses)
Redevelopment Initiatives/Business Development
Redevelopment Initiatives/Business Development 200,000$ -$ 50,000$ 50,000$ 50,000$ 50,000$
Total Uses 200,000$ -$ 50,000$ 50,000$ 50,000$ 50,000$
Surplus/(Deficit) - - - - - -
Dania Beach Community Redevelopment Agency
Financing and Implementation Plan
Supporting Schedule - East Federal Highway Sub Area
7 of 13 09/03/2015
Exhibit A
Proposed Forecasted Forecasted Forecasted Forecasted
Total FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
Source (Revenue)
Intergovernmental Funding
Broward County:
MPO TAP Program (Multimodal Enhancements)638,521$ -$ -$ 638,521$ -$ -$
City of Dania Beach:
MPO TAP Match (Multimodal Enhancements)150,000$ - 150,000 - - -
Carryforward Fund Balance 44,184$ 44,184 - - - -
Total Sources 832,705$ 44,184$ 150,000$ 638,521$ -$ -$
Use (Expenses)
Streetscape Enhancements
Gateway Signage 29,937$ 29,937$ -$ -$ -$ -$
Multimodal Enhancements (MPO TAP Program)
Design 150,000$ - 150,000 - - -
Construction 638,521$ - - 638,521 - -
Housing and Neighborhood Stabilization
Neighborhood Beautification 11,247$ 11,247 - - - -
Parks and Open Space
Park Improvements/Community Garden 3,000$ 3,000 - - - -
Total Uses 832,705$ 44,184$ 150,000$ 638,521$ -$ -$
Surplus/(Deficit) - - - - - -
Dania Beach Community Redevelopment Agency
Financing and Implementation Plan
Supporting Schedule - Sun Garden Isles Sub Area
8 of 13 09/03/2015
Exhibit A
Proposed Forecasted Forecasted Forecasted Forecasted
Total FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
Source (Revenue)
Tax Increment Revenue (TIR) Allocation 174,410$ -$ -$ -$ -$ 174,410$
Intergovernmental Funding
City of Dania Beach:
Contribution in-lieu of TIR (general)661,630$ 150,000 168,630 170,520 172,480 -
Miscellaneous
Operating Revenues 169,110$ 30,000 31,800 33,710 35,730 37,870
Carryforward Fund Balance 20,000$ 20,000 - - - -
Total Sources 1,025,150$ 200,000$ 200,430$ 204,230$ 208,210$ 212,280$
Use (Expenses)
Parks and Open Space
PATCH Community Garden
Professional Services 442,330$ 85,000$ 86,700$ 88,430$ 90,200$ 92,000$
Contractual Services (credit card processing fees)1,600$ 300 310 320 330 340
Communications (cell phones, etc.)5,200$ 1,000 1,020 1,040 1,060 1,080
Utilities (water)114,500$ 22,000 22,440 22,890 23,350 23,820
Utilities (electricity)1,000$ 200 200 200 200 200
Rentals and Leases (equipment)26,010$ 5,000 5,100 5,200 5,300 5,410
Promotional Activites 26,010$ 5,000 5,100 5,200 5,300 5,410
Operating Supplies (cost of goods sold)130,100$ 25,000 25,500 26,010 26,530 27,060
Operating Supplies (miscellaneous)249,800$ 48,000 48,960 49,940 50,940 51,960
Reserve 28,600$ 8,500 5,100 5,000 5,000 5,000
Total Uses 1,025,150$ 200,000$ 200,430$ 204,230$ 208,210$ 212,280$
Surplus/(Deficit) - - - - - -
Supporting Schedule - PATCH (People's Access to Community Horticulture)
Dania Beach Community Redevelopment Agency
Financing and Implementation Plan
9 of 13 09/03/2015
Exhibit A
Proposed Forecasted Forecasted Forecasted Forecasted
Total FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
Source (Revenue)
Intergovernmental Funding
Broward County:
Grant Proceeds (Public Parking)1,128,143$ 376,048 752,095 - - -
Carryforward Fund Balance
Contribution from the City of Dania Beach 1,128,143$ 1,128,143 - - - -
Total Sources 2,256,286$ 1,504,191$ 752,095$ -$ -$ -$
Use (Expenses)
Infrastructure Improvements
Public Parking 1,128,143$ 1,128,143 - - - -
Other
Reimbursement to the City of Dania Beach 1,128,143$ 376,048 752,095 - - -
Total Uses 2,256,286$ 1,504,191$ 752,095$ -$ -$ -$
Surplus/(Deficit) - - - - - -
Dania Beach Community Redevelopment Agency
Financing and Implementation Plan
Supporting Schedule - Columbus Project (Mile Marker 55)
10 of 13 09/03/2015
Exhibit A
Proposed Forecasted Forecasted Forecasted Forecasted
Total FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
Source (Revenue)
Carryforward Fund Balance 75,000$ 75,000 - - - -
Total Sources 75,000$ 75,000$ -$ -$ -$ -$
Use (Expenses)
Redevelopment Initiatives/Business Development
Façade Improvement/Merchant Assistance 55,000$ 55,000$ -$ -$ -$ -$
Marketing and Public Relations
Website Redesign 20,000$ 20,000 - - - -
Total Uses 75,000$ 75,000$ -$ -$ -$ -$
Surplus/(Deficit) - - - - - -
Dania Beach Community Redevelopment Agency
Financing and Implementation Plan
Supporting Schedule - Agency Wide
11 of 13 09/03/2015
Exhibit A
Proposed Forecasted Forecasted Forecasted Forecasted
Total FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
Growth Assumptions 2.00%2.00%2.00%2.00%
Professional Services 590,950$ 220,000$ 90,000$ 91,800$ 93,640$ 95,510$
Professional Services (legal)250,480$ 65,000 45,000 45,900 46,820 47,760
Contractual Services 104,090$ 20,000 20,400 20,810 21,230 21,650
Travel/Training 36,430$ 7,000 7,140 7,280 7,430 7,580
Travel/Training (Per Diem Expense Allowance)32,800$ 6,300 6,430 6,560 6,690 6,820
Communications (cell phones, etc.)10,400$ 2,000 2,040 2,080 2,120 2,160
Postage 15,600$ 3,000 3,060 3,120 3,180 3,240
Printing & Binding 15,600$ 3,000 3,060 3,120 3,180 3,240
Promotional Activities (Seafood Festival)910,700$ 175,000 178,500 182,070 185,710 189,420
Legal & Display Advertisements 20,800$ 4,000 4,080 4,160 4,240 4,320
Office Supplies 36,430$ 7,000 7,140 7,280 7,430 7,580
Operating Supplies (miscellaneous)6,210$ 1,200 1,220 1,240 1,260 1,290
Operating Supplies (software maintenance)7,800$ 1,500 1,530 1,560 1,590 1,620
Subscriptions & Publications 3,600$ 700 710 720 730 740
Memberships 28,610$ 5,500 5,610 5,720 5,830 5,950
Total 2,070,500$ 521,200$ 375,920$ 383,420$ 391,080$ 398,880$
Dania Beach Community Redevelopment Agency
Financing and Implementation Plan
Supporting Schedule - Operating Expenditures
12 of 13 09/03/2015
Exhibit A
Final Certified Forecasted Forecasted Forecasted Forecasted
FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020
ORIGINAL BOUNDARIES
City of Dania Beach
Actual/Forecasted Growth 9.0%4.3%2.5%2.5%2.5%2.5%
Existing Value:245,913,760$ 256,452,410$ 262,863,720$ 269,435,313$ 341,771,196$ 416,940,476$
New Construction:
Dania Jai Alai Project - - - 40,000,000 - -
The Place at Dania Beach - - - 24,000,000 - -
The Columbus Project - - - - 65,000,000 -
Pirates Inn Property - - - - - 48,000,000
San Soucy Project (250 units; E. Dania Bch Blvd)- - - - - 48,000,000
The Morrison Hotel (City Center)- - - - - 15,000,000
The Morrison Hotel II - - - - - -
Wyndham Hotel - - - - - -
Future Development - - - - - -
Taxable Value 245,913,760$ 256,452,410$ 262,863,720$ 333,435,313$ 406,771,196$ 527,940,476$
Base Year Value 172,715,440 172,715,440 172,715,440 172,715,440 172,715,440 172,715,440
Tax Increment 73,198,320$ 83,736,970$ 90,148,280$ 160,719,873$ 234,055,756$ 355,225,036$
Millage Rate 5.9998 5.9998 5.9998 5.9998 5.9998 5.9998
Gross Incremental Revenue 439,175$ 502,405$ 540,872$ 964,287$ 1,404,288$ 2,131,279$
Statutory Reduction 0.95 0.95 0.95 0.95 0.95 0.95
417,217$ 477,285$ 513,828$ 916,073$ 1,334,073$ 2,024,715$
EXPANDED BOUNDARIES
City of Dania Beach
Actual/Forecasted Growth 7.3%11.0%2.0%2.0%2.0%2.0%
Existing Value:316,080,540$ 350,720,370$ 357,734,777$ 364,889,473$ 372,223,982$ 379,706,202$
New Construction:
Dania Pointe (Phase 1: Retail)- - - - - 320,000,000
Dania Pointe (Phase 2: Residential)- - - - - -
Dania Pointe (Phase 3: Office/Hotel/Residential)- - - - - -
Future Development - - - 36,000 37,000 -
Taxable Value 316,080,540$ 350,720,370$ 357,734,777$ 364,925,473$ 372,260,982$ 699,706,202$
Base Year Value 383,273,470 383,273,470 383,273,470 383,273,470 383,273,470 383,273,470
Tax Increment (67,192,930)$ (32,553,100)$ (25,538,693)$ (18,347,997)$ (11,012,488)$ 316,432,732$
Millage Rate 5.9998 5.9998 5.9998 5.9998 5.9998 5.9998
Gross Incremental Revenue (403,144)$ (195,312)$ (153,227)$ (110,084)$ (66,073)$ 1,898,533$
Statutory Reduction 0.95 0.95 0.95 0.95 0.95 0.95
(382,987)$ (185,546)$ (145,566)$ (104,580)$ (62,769)$ 1,803,606$
Total Incremental Revenue (Original + Expanded 34,230$ 291,739$ 368,262$ 811,493$ 1,271,304$ 3,828,321$
Notes:
(1) Readers should refer to the accompanying Fiscal Notes as they are an integral part of the Financing and Implementation Plan.
(2) Assumes that contributing Taxing Authorities' millage rates will remain at FY 2016 levels throughout the forecast period.
Dania Beach Community Redevelopment Agency
Financing and Implementation Plan
Supporting Schedule - TIF Forecast
Budgetable Incremental Revenue
Budgetable Incremental Revenue
13 of 13 09/03/2015
Exhibit A
Dania Beach Community Redevelopment Agency
Fund 106: Community Redevelopment Agency
FY 2016 Budget
Exhibit B (Detail)
H I J=H+I
Amended Total FY 2016
Budget Revenues Budget
Fund Balance (beginning of year)
2,000.00 2,813.96 - 2,000.00 2,000.00
40,000.00 79,563.47 - 80,000.00 80,000.00
- 40,210.54 - - -
880,000.00 880,000.00 - 880,000.00 880,000.00
279,170.00 279,170.00 - 279,170.00 279,170.00
10,000.00 10,000.00 - 10,000.00 10,000.00
376,048.00 - - 376,048.00 376,048.00
30,000.00 30,000.00 - - -
1,699,429.00 - 1,315,328.00 235,490.00 1,550,818.00
3,316,647.00 1,321,757.97 1,315,328.00 1,862,708.00 3,178,036.00
H I J=H+I
Amended Total FY 2016.
Budget
Encumbrances/
Expenses Budget
287,007.07 231,900.64 - 298,795.28 298,795.28
6,000.02 4,126.39 - 6,000.02 6,000.02
- 92.30 - - -
- 2,379.19 - 6,000.00 6,000.00
- 30,670.93 - - -
17,675.79 16,944.72 - 18,286.35 18,286.35
4,248.61 3,828.53 - 4,419.52 4,419.52
34,720.05 25,330.81 - 36,102.48 36,102.48
12,619.97 10,190.47 - 11,084.64 11,084.64
78,464.88 56,488.00 - 71,928.62 71,928.62
1,607.23 1,607.23 - 1,673.15 1,673.15
293,454.00 293,454.00 - 220,000.00 220,000.00
65,000.00 65,000.00 - 65,000.00 65,000.00
20,000.00 20,000.00 - 20,000.00 20,000.00
6,000.00 6,000.00 - 7,000.00 7,000.00
6,300.00 - - 6,300.00 6,300.00
Fund 106 - Community Redevelopment Agency
REVENUE
Department 00 - Revenues
Division 00 - Non-Dep.
Account Account Description
FY 2015 (as of 8/25/2015)FY 2016
Capital Est.
Carryforward from
FY 2015
2016 Budget
Appropriation
Transfers &
Amendments
2016 Budget
Appropriation
Transfers &
AmendmentsAccountAccount Description
337-50-01 Grant Proceeds (Broward County; Columbus Project)
337-50-02
Grant Proceeds (Broward County; Health Foundation of
South FL)
381-00-01
Other Sources: Non-Operating Transfer from General
Fund (operations)
Other Sources: Non-Operating Transfer from General
Fund (Cost Allocation Plan)
Other Sources: Non-Operating Transfer from General
Fund (Contribution towards Arts & Seafood Festival)
12-13 Salaries and Wages Expense Allowance
12-14 Cell Phone Stipend
14-10 Overtime Regular
12-10 Salaries and Wages Full-Time
Capital Est.
Carryforward from
FY 2015
21-20 FICA Medicare
22-20 Retirement Contributions FRS Pension
15-15 Special Pay (Accrued Leave)
21-10 FICA Taxes
31-10 Prof. Services General
31-20 Prof. Services Legal
34-10 Contractual Services General
22-30 Retirement Contributions Deferred Comp. Match
23-10 Life and Health Insurance
24-10 Workers' Compensation Premium
389-90-01
Other Sources: Non-Operating Re-Appropriations
Appropriated Fund Balance
REVENUE TOTALS
FY 2015 (as of 8/25/2015)FY 2016
361-10-01 Interest and Other Earnings Interest Operating Interest
369-90-00 Miscellaneous Revenues: Seafood Festival
369-90-01 Miscellaneous Revenues (All)
EXPENSE
Department 52 - CRA
Division 01 - Admin
Activity 552 - Industry Development
40-10 Travel and Per Diem Training and Per Diem
40-20 Travel and Per Diem Expense Allowance
Exhibit B
1 of 5 09/03/2015
Dania Beach Community Redevelopment Agency
Fund 106: Community Redevelopment Agency
FY 2016 Budget
Exhibit B (Detail)
H I J=H+I
Amended Total FY 2016
Budget Revenues BudgetAccountAccount Description
FY 2015 (as of 8/25/2015)FY 2016
Capital Est.
Carryforward from
FY 2015
2016 Budget
Appropriation
Transfers &
Amendments
2,400.00 2,400.00 - 2,000.00 2,000.00
3,000.00 3,000.00 - 3,000.00 3,000.00
3,000.00 3,000.00 - 3,000.00 3,000.00
173,346.00 166,502.55 - 175,000.00 175,000.00
4,000.00 4,000.00 - 4,000.00 4,000.00
6,000.00 6,000.00 - 7,000.00 7,000.00
1,000.00 1,000.00 - 1,200.00 1,200.00
1,700.00 1,700.00 - 1,500.00 1,500.00
700.00 700.00 - 700.00 700.00
5,500.00 5,500.00 - 5,500.00 5,500.00
279,170.00 279,170.00 - 279,170.00 279,170.00
376,048.00 - - 376,048.00 376,048.00
181,000.00 181,000.00 - 150,000.00 150,000.00
- - - - -
20,879.00 - - 60,000.00 60,000.00
1,890,840.62 1,421,985.76 - 1,840,708.06 1,840,708.06
15,000.00 15,000.00 - 15,000.00 15,000.00
19,600.00 19,600.00 - 20,000.00 20,000.00
5,400.00 5,400.00 - 5,000.00 5,000.00
40,000.00 40,000.00 - 40,000.00 40,000.00
25,000.00 - 25,000.00 - 25,000.00
25,000.00 - 25,000.00 - 25,000.00
25,000.00 - 25,000.00 - 25,000.00
25,000.00 - 25,000.00 - 25,000.00
52,869.00 22,932.30 29,937.00 - 29,937.00
3,000.00 - 3,000.00 - 3,000.00
20,589.00 9,341.94 11,247.00 - 11,247.00
76,458.00 32,274.24 44,184.00 - 44,184.00
30,000.00 7,000.00 23,000.00 (3,000.00) 20,000.00
71,205.00 1,204.00 70,001.00 (15,001.00) 55,000.00
101,205.00 8,204.00 93,001.00 (18,001.00) 75,000.00
52-30 Operating Supplies Software
54-10
Books/Publications, Memberships, Subscriptions Books &
Subscriptions
52-20 Operating Supplies Miscellaneous
49-20
Other Current Charges/Obligations Legal & Display
Advertising
51-10 Office Supplies General
31-42 Prof. Services CRA - Redevelopment Initiatives
91-35 Intragovernmental Transfers Out Capital Projects Fund
91-00 Intragovernmental Transfers Out General Fund
91-00
Intragovernmental Transfers Out General Fund (Columbus
Project; Broward County Grant Reimbursement)
91-11 Intragovernmental Transfers Out CRA Patch Fund
Division 01 - Admin Totals
99-80 Other Uses Reserve for CRA
Division 02 - City Center
Activity 552 - Industry Development
31-41 Prof. Services CRA - Marketing/PR
48-10 Promotional Activities General
Division 02 - City Center Totals
Division 03 - College Gardens
Activity 552 - Industry Development
54-20
Books/Publications, Memberships, Subscriptions
Memberships
42-10 Freight & Postage Services Freight & Postage
47-10 Printing and Binding General
48-14 Promotional Activities (Seafood Festival)
41-10 Communications Services Telephone
63-41 Infrastructure CRA Streetscape Enhancements
63-41 Infrastructure CRA Streetscape Enhancements
Activity 552 - Industry Development
Division 03 - College Gardens Totals
Division 04 - Dania Beach Heights
Division 04 - Dania Beach Heights Totals
Division 07 - Sun Garden Isles
Activity 552 - Industry Development
63-41 Infrastructure CRA Streetscape Enhancements
63-43 Infrastructure CRA Parks Improvements
63-44 Infrastructure CRA Neighborhood Beautification
Division 07 - Sunny Garden Isles Totals
Division 08 - City-Wide
Activity 552 - Industry Development
31-10 Prof. Services General
31-42 Prof. Services CRA - Redevelopment Initiatives
Division 08 - City-Wide Totals
Exhibit B
2 of 5 09/03/2015
Dania Beach Community Redevelopment Agency
Fund 106: Community Redevelopment Agency
FY 2016 Budget
Exhibit B (Detail)
H I J=H+I
Amended Total FY 2016
Budget Revenues BudgetAccountAccount Description
FY 2015 (as of 8/25/2015)FY 2016
Capital Est.
Carryforward from
FY 2015
2016 Budget
Appropriation
Transfers &
Amendments
30,000.00 30,000.00 - - -
30,000.00 30,000.00 - - -
1,128,143.00 - 1,128,143.00 - 1,128,143.00
1,128,143.00 - 1,128,143.00 - 1,128,143.00
3,316,646.62 1,532,464.00 1,315,328.00 1,862,707.06 3,178,035.06
3,316,647.00 1,321,757.97 1,315,328.00 1,862,708.00 3,178,036.00
3,316,646.62 1,426,723.86 1,315,328.00 1,862,707.06 3,178,035.06
0.38 (104,965.89) - 0.94 0.94
Division 10 - Columbus Project Totals
EXPENSE TOTALS
Fund 106 - Community Redevelopment Agency Totals
REVENUE TOTALS
EXPENSE TOTALS
Fund 106 - Community Redevelopment Agency Totals
Division 09 - Phase I PATCH Bus Plan
Activity 552 - Industry Development
31-10 Prof. Services General
Division 09 - PATCH Bus Plan Totals
Division 10 - Columbus Project (Mile Marker 55)
Activity 552 - Industry Development
62-10 Buildings
Exhibit B
3 of 5 09/03/2015
Dania Beach Community Redevelopment Agency
Fund 112: CRA Patch
FY 2016 Budget
Exhibit B (Detail)
H I J=H+I
Amended Total FY 2016
Budget Revenues Budget
Fund Balance (beginning of year)
15,000.00 21,451.96 - 30,000.00 30,000.00
- 1,806.00 - - -
181,000.00 181,000.00 - 150,000.00 150,000.00
- - - 20,000.00 20,000.00
196,000.00 204,257.96 - 200,000.00 200,000.00
H I J=H+I
Amended Total FY 2016
Budget
Encumbrances/
Expenses Budget
- - - 85,000.00 85,000.00
99,334.00 99,334.00 - - -
150.00 206.08 - 300.00 300.00
100.00 651.88 - 1,000.00 1,000.00
21,850.00 21,630.13 - 22,000.00 22,000.00
400.00 105.40 - 200.00 200.00
5,150.00 4,454.57 - 5,000.00 5,000.00
1,960.00 - - - -
200.00 - - 5,000.00 5,000.00
21,000.00 20,582.96 - 25,000.00 25,000.00
45,856.00 44,950.80 - 48,000.00 48,000.00
- - - 8,500.00 8,500.00
196,000.00 191,915.82 - 200,000.00 200,000.00
196,000.00 191,915.82 - 200,000.00 200,000.00
196,000.00 204,257.96 - 200,000.00 200,000.00
196,000.00 191,537.95 - 200,000.00 200,000.00
- 12,720.01 - - -
EXPENSE TOTALS
Fund 112 - CRA Community Garden (PATCH)
Account Account Description
52-20 Operating Supplies Miscellaneous
99-80 Other Uses Reserve for CRA
Fund 112 - CRA Community Garden (PATCH)
REVENUE TOTALS
46-50 Repair & Maintenance (Grounds)
48-10 Promotional Activities
52-06 Operating Supplies Cost of Goods Sold (PATCH)
Account Account Description
Capital Est.
Carryforward from
FY 2015
FY 2015 (as of 8/28/2015)FY 2016
2016 Budget
Appropriation
Transfers &
Amendments
Fund 112 - CRA Community Gardens (PATCH)
REVENUE
Department 00 - Revenues
Division 00 - Non-Dep.
369-90-01 Miscellaneous Revenues (All)
369-91-01 Insurance Reimbursements
381-01-06 Other Sources: Non-Operating Transfer from CRA
389-90-01
Other Sources: Non-Operating Re-Appropriations
Appropriated Fund Balance
REVENUE TOTALS
FY 2015 (as of 8/28/2015)FY 2016
Capital Est.
Carryforward from
FY 2015
2016 Budget
Appropriation
Transfers &
Amendments
Communications Services Telephone
EXPENSE
Department 52 - CRA
Division 09 - Community Gardens (PATCH)
Activity 552 - Industry Development
31-10 Prof. Services General
34-10 Contractual Services General
34-20 Contractual Services Merchant Card Processing Fees
41-10
Division 09 - Totals
EXPENSE TOTALS
43-10 Utility Services Water
43-20 Utility Services Electricity
44-10 Rentals and Leases Equipment
Exhibit B
4 of 5 09/03/2015
CRA Staffing FY 2015-2016
1. Executive Director
2. CRA Manager
3. Economic Development Manager
4. Administrative Assistant/Specialist
Exhibit B
5 of 5 09/03/2015
RESOLUTION NO. 2015-CRA-005
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE COMMUNITY
REDEVELOPMENT AGENCY (“CRA”)OF THE CITY OF DANIA BEACH,
FLORIDA, APPROVING THE CRA FINANCING AND IMPLEMENTATION
PLAN AND ADOPTING THE FINAL ESTIMATES OF REVENUE AND
EXPENDITURES FOR THE CRA FUND AND THE COMMUNITY GARDEN
PATCH FUND THE FISCAL YEAR COMMENCING ON OCTOBER 1, 2015,
AND ENDING ON SEPTEMBER 30, 2016; APPROPRIATING FUNDS AS
MAY BE NEEDED OR DEEMED NECESSARY TO DEFRAY ALL
EXPENDITURES AND LIABILITIES OF THE CRA FOR SUCH FISCAL
YEAR; PROVIDING FOR CONFLICTS; FURTHER, PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the CRA Financing and Implementation Plan sets forth the prioritization of
financial resources required for the CRA to attain its redevelopment goals; and
WHEREAS, the budget for the Fiscal Year commencing on October 1, 2015, and ending
on September 30, 2016, has been prepared in accordance with the Financing and Implementation
Plan;
NOW, THEREFORE, BE IT RESOLVED BY THE DANIA BEACH
COMMUNITY REDEVELOPMENT AGENCY BOARD OF COMMISSIONERS:
Section 1.That the Board of Commissioners of the Dania Beach Community
Redevelopment Agency approves the Financing and Implementation Plan attached to this
Resolution as Exhibit “A”, and incorporated by this reference.
Section 2.That the budget for the Community Redevelopment Agency (inclusive of
the CRA Community Garden PATCH)as attached, marked “Exhibit B”,and incorporated by this
reference, is adopted as the final and approved budget for the Fiscal Year beginning October 1,
2015, and ending on September 30, 2016; included in this budget is a reconciliation of changes
to capital projects (i.e. defined herein as all Divisions except “01-Administration”) funding
between Fiscal Years 2015 and 2016.
Section 3.For all funds, appropriations for the 2014-2015 fiscal year which are
encumbered but unexpended as of the last day of the fiscal year shall be re-appropriated for the
same purpose for the 2015-2016 fiscal year. The CRA Executive Director, with assistance from
the CRA Treasurer, shall make the final determination on which encumbrances remain open (e.g.
ongoing initiatives and/or capital projects) and which encumbrances are closed (e.g. monthly
RESOLUTION #2015-CRA-0052
operations) as of the last day of fiscal year 2014-2015.
Section 4.For all capital projects, appropriations for the 2014-2015 fiscal year which
are unencumbered and unexpended as of the last day of the fiscal year, shall be re-appropriated
for the same purpose or project or reallocated pursuant to Exhibit “B”, or if complete, shall be re-
appropriated to a reserve account.
Section 5.That CRA staffing positions and capital expenditures reflected and
approved in the annual budget establish CRA Board consent over these areas and that all
additions to these items shall be approved through CRA Board approval of an amendment to the
approved budget.
Section 6.That this Resolution shall be in force and take effect immediately upon its
passage and adoption.
PASSED AND ADOPTED on September 8,2015.
ATTEST:
LOUISE STILSON, CMC MARCO A. SALVINO, SR.
CRA SECRETARY CRA CHAIRPERSON
APPROVED AS TO FORM AND CORRECTNESS:
THOMAS J. ANSBRO
CITY ATTORNEY