Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
R18-130
1 2 RESOLUTION R18-130 3 4 A RESOLUTION OF THE CITY OF BOYNTON BEACH, 5 FLORIDA RATIFYING THE 2018-2019 ANNUAL BUDGET 6 FOR THE BOYNTON BEACH COMMUNITY 7 REDEVELOPMENT AGENCY AND PROVIDING AN 8 EFFECTIVE DATE. 9 10 WHEREAS, the Boynton Beach Community Redevelopment Agency was created 11 by Ordinance of the City Commission pursuant to Chapter 163, Florida Statutes. The 12 Redevelopment Agency has been designated a Florida Special District; and 13 WHEREAS,Florida Statutes 189.016 provides that the proposed budget of a dependent 14 special district, with the concurrence of the local governing authority, may be budgeted 15 separately; and 16 WHEREAS, a local governing authority may,in its discretion,review the budget or tax 17 levy of any special district located solely within its boundaries; and 18 WHEREAS, a final budget of the Boynton Beach Community Redevelopment 19 Agency has been reviewed and considered by the City Commission for the ensuing year,with 20 detailed information, and the administrative staff of the City has made recommendations as 21 to the amount necessary to be appropriated for the ensuing year. 22 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF 23 THE CITY OF BOYNTON BEACH, FLORIDA THAT: 24 Section 1. The foregoing "Whereas" clauses are hereby ratified and confirmed as 25 being true and correct and are hereby made a specific part of this Resolution upon adoption 26 hereof. 27 Section 2. The City Commission of the City of Boynton Beach, Florida hereby C:AUsers\Stanzionet\Appdata\Local\Microsoft\Windows\Temporary Internet Files\Content.1E5\VAGZE6PO\Reso_- _Rati fy_CRA_Budget_(2018-19).Docx 1 ratifies the adoption of the Boynton Beach Community Redevelopment Agency's 2018-2019 2 Annual Budget. 3 Section 3. This Resolution shall become effective immediately upon passage. 4 PASSED AND ADOPTED this 20th day of September, 2018. 5 6 CITY OF BOYNTON BEACH, FLORIDA 7 8 YES NO 9 10 Mayor— Steven B. Grant 11 12 Vice Mayor— Christina L. Romelus 13 14 Commissioner—Mack McCray 15 16 Commissioner—Justin Katz 17 18 Commissioner—Joe Casello K 19 20 �v 21 VOTE 22 23 ATTEST: 24 25 I /� 26 27 Judith •�'yle, CMC 28 City Cl k 29 30 31 32 (Corporate Seal) 33 34 C:\Users\Stanzionet\Appdata\Local\Microsoft\Windows\Temporary Internet Files\Content.IE5\VAGZE6PO\Reso_- _Ratify_CRA_B udget_(2018-19).Docx CRA FINANCIAL OPERATIONS:Budget I ++f3, •: `( Ia grmd elO I Fr18/19 I FYIW2O I Fr20/21 I Fr21722 I Fr22123 I Fr23124 I Fr2426 I Fr25126 ' FY20I27 I FT377210 I Fr28Y19 I Fr213n0 1 Ine yeah ming etlmeiad PR from 500 Ocean and Ocean Ons) $12121,688 f 13,245.608.00 f 14,089,530.00 f 04,893,452.0 $15,717,374.00 f 16.511,298.00 $17,365,218.00 $18,169,140.0 f 19,013,082.00 f 19,836,964.00 f 20.880.906.00 f 13.245,608.00 Fund Balance Almond D Rollovers E - $ - $ - $ - $ - I - $ - f - $ - $ - E Preyed Fund-Rebase of Walking Capital t - $ - 9 - $ - $ - $ - $ - $ - f - - EWnatedAnnual Marina Revenue f 1,000,000 $ 1,000,000.00 $ 1,000,000.00 f 1,000,000.00 $ 1,000,000.00 $ 1,000,000.00 f 1000,000.00 $ 1,000,000.00 $ 1.000,000.00 f 1,000,000.00 $ 1,000,000.00 f 1,000,000.00 Tobi Residue $13,421,888 $13,24500.00 $14,089,530.00 $14,93,45200 $11717,374.00 8 18,54122820 8 17,315,218.00 $18,1.9,140.00 $19,013.08200 8 19.09,949 8 2000010100 f 13,24600.001 I REST SERVICE FUND I Obligated Debt Urns.(Rom(Rement of 20042005 Bonds) f 2,136,465 0 2,140,851.80 $ 2,137,821.60 $ 2,140,528.40 E 2,136,830.00 $ 2,135,817.40 $ 2,317,425.20 $ 2,319,093.00 $ - $ - $ - $ - AP115 0Pe1.bp Expenses(e60011as•3%/per yr) f 2,822,918 $ 2,907,605.54 $ 2,994,833.71 0 3,004,678.72 $ 3,177,219.0 $ 3,272,535.35 $ 3,370,711.72 $ 3,471,833.07 $ 3,575,988.0 0 3,683,267.71 f 3,793,735.74 $ 3,907,578.71 Marin Ope3Up Expenses $ 1,00,00 $ 1.00,00.0 $ 1,00.00.0 $ 1,00,00.0 $ 1,00,00.0 $ 1,00,00.00 8 1,000,000.0 f 1.00,000.00 E 1,00,00.0 $ 1,000,000.00 $ 1,00,01.0 $ 1,00,00200 Tool Debt II Operedrg Expe8.e. $ 5.99,39 $ 6,048,457.34 $ 6,132,655.31 S 6,225207.12 $ 6,314,049.08 $ 6,40,353.0 f 8,688,138.92 8 6,790,926.07 $ 4,575,988.06 8 4,683.267.71 0 4,793,766.74 $ 4.907,580.711 PROJECT FARO Contmetui 00dallon:Tea Ino.sos.nt Roved.Funding Aareerrmnt(URFA)Payment. Gr COW(47.5%10 Years) Year 949 8 530,000 0 556,500.00 $ - 8 - 0 - $ - f - f - 8 - $ - $ - $ 11A1-1.1erl(25%Years 6-10) Year70 $ 22,000 $ 23,10.0 $ 24,255.0 $ 25,467.75 f - $ - f - $ - $ - $ - 8 - $ - Seeboum Cove-Phase 1(50%-10 Veen) Year 80 $ 405,000 $ 425,250.0 f 446,51250 f 468,838.13 9 492,280.03 5 - $ - $ - f - $ - $ - $ - 5eabobn Cove-Phar II(50%-10 Tears) Tsar 50 5 170,00 f 178,500.00 $ 187,425.0 f 190,79625 f 206,636.06 8 216,967.87 f - f - f - $ - f - $ - Prerrw(75%Yr.1.5;25%Yrs 610) Year 40 0 80,000 f 64,00.0 $ 40,00.0 9 42.00.0 $ 44,10.0 f 46,30.0 $ 48,620.25 $ - $ - $ - E - $ - 50Oman(75%Vrs14,50%Yrs 5-7;25%Yn8-10) f - t 569,946.0 8 617,942.00 0 636,480.0 $ 655,575.00 f 450,161.0 $ 463.666.0 0 238,788.0 $ 245,952.00 8 253,330.0 $ 260,930.0 S - Ocean One-Phar One(75%Yrs 1-7;50%Yr.8) - f - $ - f - $ 40,264.0 f 495,178.00 $ 510,535.0 0 526,354.0 f 542,649.0 f 559.432.0 f 576,718.0 9 396,349.0 $ 396,349.00 Ocean Ons-Phase Two(75%Yrs 1.7;50%Yr.8) $ - f - $ - $ - f 391,417.0 f 40,520.0 S 415,986.0 $ 426,827.0 9 442,052.0 S 455,674,W $ 49,70.0 f 322,771.0 IToil TIRFA Padded 0 1,207,000 f 1,837,296.00 $ 1,318,134.50 8 1,619,046.13 f 2,285,184.09 f 1,827,488.87 f 1,454,628.25 $ 1,210,264.0 1 1247,436.0 $ 1,285,722.0 f 1,126,004.0 $ 719,120.01 -N9deY1F B2Wb9:RONA Fund Bwlgl0Almaden B9010011-D810,OP8/9Mg$TMFAeylp89) 8020020$ $ 5,39,851.9$ 6020,740.19 $ 0.818208.71 0 7,118.140.83 f 8,505,451.08 0 9222134.03 $10,107,94903 f 13,19,97.94 013,97,9429 814,740.153.26 9 7,818,907.29 NOTE:Dabbaae Dom Property APpbber received on 7/18/2011 charged mevlormly nd8a1ed mrmrnt rue TSOFA Prmma%Dom 01,201,600 to 01,207,00 Ovid mi 80.104,500 to bo added lo the Propel Fund foe 4Bocallon 1 Boynton Beach CRA General Fund-Budget Summary-FY 2018-2019 FY 2017-2018 V 2018-2019 vs.Prior Year Original Amended Year End 2018-2019 Increase/(Decrease) (REVENUES Budget Budget Estimate Budget Amount Tax Increment Revenue(TIF) $11,461,518 $ 11,461,518 $11,776,328 $ 12,421,686 $ 960,168 8%(a) Marina Rents&Fuel Sales $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ - 0% $ - 0% Fund Balance Allocation FY 16-17 $ 2,980,000 $ 2,980,000 $ (2,980,000) -100%(b) Total Revenues $12,461,518 $ 15,441,518 $15,756,328 $ 13,421,686 $ (2,019,832) -13% (EXPENSES CRA Board&Advisory Board $ 30,500 $ 30,500 $ 29,850 $ 30,000 $ (500) -2% Administration Executive Department $ 445,240 $ 445,240 $ 495,000 $ 514,533 $ 69,293 16% Finance Department $ 186,060 $ 186,060 $ 160,000 $ 189,408 $ 3,348 2% Planning&Development Department $ 115,290 $ 115,290 $ 114,000 $ 119,760 $ 4,470 4% Marketing&Business Development $ 167,620 $ 167,620 $ 147,308 $ 147,208 $ (20,412) -12% Business Promotion and Events Departmen $ 86,870 $ 86,870 $ 85,000 $ 68,065 $ (18,805) -22% Taxes,Employee Benefits,Compensated Absences,Workers Comp $ 367,938 $ 367,938 $ 327,614 $ 414,399 $ 46,461 13% Sub-Total $ 1,369,018 $ 1,369,018 $ 1,328,922 '$ 1,453,373 $ 221,121 16% Other General Fund Expenses Insurances $ 172,500 $ 172,500 $ 130,000 $ 172,500 $ - -4% Professional Services $ 274,000 $ 274,000 $ 227,000 $ 264,000 $ (10,000) 9% Buildings,Grounds,Maintenance $ 592,770 $ 592,770 $ 550,145 $ 723,545 $ 130,775 17% Marina Operations $ 1,000,000 $ 1,000,000 $ 1,000,000 $ 1,000,000 $ (0) 0% Information Technology $ 80,550 $ 80,550 $ 70,000 $ 79,500 $ (1,050) 25% Contingency $ 100,000 $ 100,000 $ - $ 100,000 $ - 0% Sub-Total $ 2,219,820 $ 2,219,820 $ 1,977,145 $ Z339,545 $ 119,725 6%(c) Total General Fund Operating $ 3,619,338 $ 3,619,338 $ 3,335,917 $ 3,822,918 $ 340,496 10% Operating Transfers Out Transfer to Debt Service Fund $ 2,140,955 $ 2,140,955 $ 2,140,955 $ 2,136,465 $ (4,490) 0% Transfer to Project Fund $ 6,701,225 $ 9,681,225 $ 9,681,225 $ 7,462,303 $ 761,078 -8% Sub-Total $ 8,842,180 $ 11,822,180 $11,822,180 $ 9,598,768 $ (582,650) -6% Total General Fund Expenses& Transfers Out $12,461,518 $ 15,441,518 $15,158,097 $ 13,421,686 $ (242,154) -2% NOTE:Administrative Costs As a%of General Fund 11% (a)Property values in CRA up 8.4% (b)Source:Cash analysis done in 2018-used to purchase property located at 115 N Federal Hwy,Boynton Beach,FL (c)Increase due to website redesign,cost allocation of medical clinic,Woman's Club maintenance costs and insurance, NovusAgenda and LaserFische software. 3 General Fund • EXECUTIVE DEPARTMENT- 01-51230 FY 2017-2018 FY 2013-2019 Original Amended Year End Change Incrl(Decr) SUMMARY Budget Budget Estimate Budget Amount I % (100 PERSONNEL SERVICES $ 384,900 $384,900 $438,803 5 449,303 5 64,403 17% 115 AUTO ALLOWANCE $ 5,220 $ 5,220 $ 5,220 $ 5,220 $ - 0% 225 CONFERENCES,MEETINGS $ 16,500 $ 16,500 $ 16,500 $ 16,900 $ 400 2% 226 MEMBERSHIP DUES $ 11,385 $ 11,385 $ 11,385 $ 11,085 $ (300) -3% 227 DELIVERY SERVICES $ 500 $ 500 $ 500 $ 500 $ - 0% 229 CAREER DEVELOPMENT $ 16,500 $ 16,500 $ 12,500 $ 19,500 5 3,000 18% 310 OFFICE SUPPUES $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ - 0% 315 POSTAGE $ 2,500 $ 2,500 $ 2,500 $ 2,500 $ - 0% 340 CELLULAR PHONES $ 2,880 $ 2,880 $ 2,880 5 3,420 $ 540 19% 355 SUBSCRIPTIONS $ 605 5 605 5 605 $ 605 $ - 0% 360 BOOKS&PUBLICATIONS $ 250 $ 250 $ 250 $ 500 $ 250 100% 400 EQUIPMENT COSTS $ 1,000 $ 1,000 5 1,000 $ 2,000 5 1,000 100% Total $ 445,240 $445,240 $495,143 $ 514,533 5 69,293 16% DETAIL 100 PERSONNEL SERVICES $ 384,900 $384,900 $408,400 $ 449,303 Salaries Executive Director 5 135,000 $135,000 5 135,000 $ 145,000 Assistant Director $ 118,500 5 118,500 $ 118,500 $ 123,240 MarketinglEventslEco.Devi.Asst. 5 42,500 $ 42,500 $ 42,500 $ 43,563 Administrative Services&Grant Manager $ 50,000 $ 50,000 5 50,000 5 51,100 Social Media and Communications Specialist 5 - $ - $ 23,500 $ 47,000 Overtime-Non-Exempt $ 2,500 5 2,500 5 2,500 5 3,000 Part-Time Employee(s) $ 36,400 $ 36,400 5 36,400 5 36,400 115 AUTO ALLOWANCE 5 5,220 $ 5,220 $ 5,220 $ 5,220 225 CONFERENCESIMEETINGSIWORKSHOPS $ 16,500 $ 16,500 $ 12,400 $ 16,900 Regional-Local Meetings&Seminars $ 3,500 $ 3,500 $ 2,500 $ 3,500 National Conference $ 6,000 5 6,000 $ 4,000 $ 6,000 State Conference 5 5,000 $ 5,000 $ 3,500 5 5,000 Mileage 5 2,000 $ 2,000 $ 2,400 $ 2,400 226 MEMBERSHIP DUES $ 11,385 $ 11,385 $ 11,385 $ 11,085 Urban Land Institute(ULI) $ 600 $ 600 5 600 $ 600 American Planning Association(APA 5 810 $ 810 5 810 $ 810 Florida Redevelopment Association(FRA $ 1,500 $ 1,500 $ 1,500 5 1,500 American institute of Planners(AICP $ 500 $ 500 $ 500 $ - Business Development Board(BDB) 5 2,250 5 2,250 $ 2,250 $ 2,250 Intl.Council of Shopping Centers(ICSC) $ 500 5 500 5 500 5 500 American Institute of Architects(AIA) 5 1,250 $ 1,250 $ 1,250 $ 1,250 Realtors Commercial Alliance 5 350 5 350 $ 350 $ 350 NAIOP Commercial Real Estate Association 8 625 $ 625 $ 625 $ 625 Multiple Listing Service&Realtors Assoc. $ 1,100 5 1,100 $ 1,100 $ 1,100 Realtors Association of Palm Beaches $ 1,000 5 1,000 $ 1,000 $ 1,000 Intl.Economic Development Council(IEDC) 5 500 $ 500 $ 500 5 500 Chamber of Commerce $ 400 $ 400 $ 400 5 400 FL Government Finance Officers Assoc. $ - $ - $ - $ 200 (FGFOA) 227 DELIVERY SERVICES $ 500 5 500 $ 500 5 500 229 CAREER DEVELOPMENT $ 16,500 $ 16,500 $ 16,500 $ 19,500 American Planning Assoc.Cont.Prof.Ed $ 3,000 $ 3,000 $ 3,000 5 3,000 Intl.Economic Development Council(IEDC $ 3,500 $ 3,500 $ 3,500 5 3,500 FRA Continuing Education $ 5,500 $ 5,500 $ 5,500 $ 5,500 AIA Continuing Educatlor 5 2,500 5 2,500 $ 2,500 $ 2,500 Florida Festivals&Events $ 2,000 $ 2,000 $ 2,000 $ 2,000 Administrative Staff Career Development $ - $ - $ - 5 3,000 310 OFFICE SUPPUES 5 3,000 5 3,000 5 3,000 5 3,000 315 POSTAGE $ 2,500 $ 2,500 5 2,500 $ 2,500 340 CELLULAR PHONES 5 2,880 $ 2,880 $ 2,880 $ 3,420 355 SUBSCRIPTIONS $ 605 $ 605 $ 605 $ 605 Florida Trend $ 250 5 250 $ 250 $ 250 South Florida Business Jouma $ 130 $ 130 $ 130 $ 130 Downtown Idea Exchange $ 225 $ 225 $ 225 5 225 360 BOOKS&PUBLICATIONS $ 250 5 250 5 250 $ 500 400 EQUIPMENT COSTS 5 1,000 5 1,000 $ 1,000 $ 2,000 Notes: Increase in personnel services due to added Social Media Specialist position 2 General Fund • PLANNING&DEVELOPMENT DEPARTMENT- 01-51440 FY 2017-2018 FY 2018-2019 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount I % 100 PERSONNEL SERVICES $ 75,000 $ 75,000 $ 76,650 $ 76,650 $ 1,650 2% 225 CONFERENCES,MEETINGS $ 29,820 $ 29,820 $ 29,820 $ 29,820 $ - 0% 226 MEMBERSHIP DUES $ 350 $ 350 $ 350 $ 1,350 $ 1,000 286% 227 DELIVERY SERVICES $ 300 $ 300 $ 300 $ 300 $ - 0% 229 CAREER DEVELOPMENT $ 4,300 $ 4,300 $ 4,200 $ 6,300 $ 2,000 47% 310 OFFICE SUPPLIES $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ - 0% 340 CELLULAR PHONES $ 720 $ 720 $ 540 $ 540 $ (180) -25% 355 SUBSCRIPTIONS $ 1,500 $ 1,500 $ 1,200 $ 1,500 $ - 0% 360 BOOKS&PUBLICATIONS $ 300 $ 300 $ 300 $ 300 $ - 0% 365 OFFICE PRINTING COSTS $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ - 0% Total $115,290 $115,290 $116,360 $ 119,760 $ 4,470 4% DETAIL 100 PERSONNEL SERVICES $ 75,000 $ 75,000 $ 75,000 $ 76,650 Salaries Development Services Manager $ 75,000 $ 75,000 $ 75,000 $ 76,650 225 CONFERENCES,MEETINGS,WORKSHOPS $ 29,820 $ 29,820 $ 29,820 $ 29,820 Regional-Local Meetings&Seminars $ 2,000 $ 2,000 $ 2,000 $ 2,000 Mileage $ 1,320 $ 1,320 $ 1,320 $ 1,320 Economic Development Conferences $ 1,500 $ 1,500 $ 1,500 $ 1,500 Community Workshops&Meetings $ 25,000 $ 25,000 $ 25,000 $ 25,000 226 MEMBERSHIP DUES $ 350 $ 350 $ 350 $ 1,350 Realtors Commercial Alliance $ 350 $ 350 $ 350 $ 350 Realtors Association of Palm Beaches $ - $ - $ - $ 1,000 227 DELIVERY SERVICES $ 300 $ 300 $ 300 $ 300 229 CAREER DEVELOPMENT $ 4,300 $ 4,300 $ 4,200 $ 6,300 Redevelopment Continuing Education $ 2,500 $ 2,500 $ 2,500 $ 2,500 Florida Redevelopment Association(FRA) $ 1,800 $ 1,800 $ 1,700 $ 1,800 Realestate education course $ - $ - $ - $ 2,000 310 OFFICE SUPPLIES $ 1,500 $ 1,500 $ 1,500 $ 1,500 340 CELLULAR PHONES $ 720 $ 720 $ 540 $ 540 355 SUBSCRIPTIONS-LoopNet $ 1,500 $ 1,500 $ 1,200 $ 1,500 360 BOOKS&PUBLICATIONS $ 300 $ 300 $ 300 $ 300 365 OFFICE PRINTING COSTS $ 1,500 $ 1,500 $ 1,500 $ 1,500 Notes: Increase due to career development increase for realestate license for Development Services Manager 4 BOYNTON BEACH CRA FY 2018-2019 MARINA MARKETING BUDGET- GENERAL FUND 01-57400-216 Marina collaborative with City of Boynton Beach A Project Seahorse summer camp CRA will be supporting the dive chaters $ 1,800 in the program B Promotional Collateral a custom brochure and promotional rack card for the $ 4,000 Marina includes print and creative C Coastal Angler Six(6) 1/4 page ads in Coastal Angler Magazine $ 2,070 10,000 circulation$345 an ad Florida Sport Fishing Three(3) 1/4 page ad presence in magazine and D Magazine website presence to promote the marina fuel docks $ 3,770 and marina merchants$1256.66 an ad Annual contract includes website presence on E Waterway Guide Waterway Guide.com 1/2 page ad in the annual hard $ 4,760 copy and magazine includes creative Annual contract includes a 1/4 page ad in Marina Life F Marina Life magazine quarterly and placement on the website with $ 3,400 a featured listing social media presence contract Discover the Palm Full page ad in the Discover the Palm Beaches G Beaches visitors book Visitors guide book located in all the Palm Beach $ 3,200 county hotel rooms to promote the Marina Total Marina Marketing $ 23,000 6 General Fund • INSURANCES-01-51410 FY 2017-2018 FY 2018-2019 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount I % 213 PROPERTY&LIABILITY COVERAGE $ 172,500 $172,500 $130,000 $ 172,500 $ - 0% Total $ 172,500 $172,500 $130,000 $ 172,500 $ - 0% DETAIL 213 PROPERTY&LIABILITY COVERAGE $ 155,500 $172,500 $155,500 $ 172,500 Property,General Liabiity,Crime, Inland Marina,Public Official& $ 120,000 $120,000 $120,000 $ 120,000 Management Liability,Auto,Excess Liability Storage Tank Pollution Policy(2 yrs.) $ 7,500 $ 7,500 $ 7,500 $ 7,500 Citizens Windstorm Policy $ 18,000 $ 18,000 $ 18,000 $ 25,000 Construction Policies $ - $ - $ 5,000 $ 5,000 Policy Contingencies $ 10,000 $ 10,000 $ 5,000 $ 15,000 Notes: Increases due to carrier estimates, inclusion of Church(1010 S Federal Hwy)coverage and windstorm coverage also Builder's Risk for Woman's Club roof 8 General Fund V I BUILDINGS&GROUNDS-01-51620 FY 2017-2018 FY 2018-2019 Original Amended Year End Change Incrl(Decr) SUMMARY Budget Budget Estimate Budget Amount I % 200 CONTRACTURAL SERVICES $ 3,045 $ 3,045 $ 3,045 $ 3,045 $ - 0% 201 PROPERTY TAXES&ASSOC.DUES $ 75,000 $ 75,000 $ 60,000 $ 75,000 $ - 0% 205 OFFICE RENTAL $100,725 $100,725 $101,600 $ 104,000 $ 3,275 3% 208 EQUIPMENT LEASES $ 20,000 $ 20,000 $ 19,500 $ 11,500 $ (8,500) -43% 209 PROPERTY MAINTENANCE COSTS $355,000 $355,000 $330,000 $ 490,000 $ 135,000 38% 224 SIGNAGE $ 15,000 $ 15,000 $ 12,000 $ 10,000 $ (5,000) -33% 325 ELECTRIC COSTS $ 12,000 $ 12,000 $ 12,000 $ 15,000 $ 3,000 25% 326 WATER COSTS $ 12,000 $ 12,000 $ 12,000 $ 15,000 $ 3,000 25% Total $592,770 $592,770 $550,145 $ 723,545 $ 130,775 22% DETAIL CONTRACTUAL SERVICES-Alarms/Pest 200 Control $ 3,045 $ 3,045 $ 3,045 $ 3,045 201 PROPERTY TAXES&ASSOCIATION DUES $ 75,000 $ 75,000 $ 60,000 $ 75,000 205 OFFICE RENTAL $100,725 $100,725 $101,600 $ 104,000 710 N.Federal Highway $ 94,000 $ 94,000 $ 94,000 $ 96,000 Storage Facilities $ 6,725 $ 6,725 $ 7,600 $ 8,000 208 EQUIPMENT LEASES $ 20,000 $ 20,000 $ 20,000 $ 11,500 Postage Meter $ 500 $ 500 $ 500 $ 500 Copiers $ 9,500 $ 9,500 $ 9,500 $ 11,000 Vehicle Lease/Maintenance/Fuel $ 10,000 $ 10,000 $ 10,000 $ - 209 PROPERTY MAINTENANCE COSTS $355,000 $355,000 $330,000 $ 490,000 General Repairs $ 25,000 $ 25,000 $ 25,000 $ 25,000 Janitorial Services $ 15,000 $ 15,000 $ 15,000 $ 15,000 Property Maintenance $200,000 $200,000 $200,000 $ 200,000 Woman's Club $ 90,000 $ 90,000 $ 90,000 $ 215,000 Hurricane/Property Contingency $ 25,000 $ 25,000 $ - $ 25,000 Vehicle Maintenance/Fuel $ - $ - $ - $ 10,000 224 SIGNAGE $ 15,000 $ 15,000 $ 12,000 $ 10,000 325 ELECTRICITY COSTS $ 12,000 $ 12,000 $ 12,000 $ 15,000 326 WATER COSTS $ 12,000 $ 12,000 $ 12,000 $ 15,000 Notes: Increase in CRA office rental per lease escalations. Increase in Property Maintenance due to acquisiton of Woman's Club, maintenance estimated based on schedule provided by seller.Increase in storage facility fees. 10 General Fund • INFORMATION TECHNOLOGY- 01-51650 FY 2017-2018 FY 2018-2019 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount I % 200 CONTRACTURAL SERVICES $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ - 0% 210 CITY IT SUPPORT $27,000 $27,000 $24,000 $ 27,000 $ - 0% 211 COMPUTER SOFTWARE&LICENSES $ 4,550 $ 4,550 $ 4,000 $ 3,500 $ (1,050) -23% 212 FINANCIAL&MARINA SOFTWARE MTN $29,000 $29,000 $22,000 $ 29,000 $ - 0% 330 TELEPHONE SYSTEM&DATA LINES $ 8,000 $ 8,000 $ 8,000 $ 8,000 $ - 0% 400 EQUIPMENT COSTS $ 9,000 $ 9,000 $ 9,000 $ 9,000 $ - 0% Total $80,550 $80,550 $70,000 $ 79,500 $ (1,050) -1% DETAIL 200 CONTRACTUAL SERVICES $ 3,000 $ 3,000 $ 3,000 $ 3,000 Financial Accounting Software Updates $ 1,000 $ 1,000 $ 1,000 $ 1,000 Maintenance of Phone System $ 2,000 $ 2,000 $ 2,000 $ 2,000 210 IT SUPPORT $27,000 $27,000 $24,000 $ 27,000 211 COMPUTER LICENSES&BACK UP $ 3,500 $ 3,500 $ 3,500 $ 3,500 212 SOFTWARE MAINTENANCE $29,000 $29,000 $29,000 $ 29,000 Incode Financial Software $10,000 $10,000 $10,000 $ 10,000 Marina Point of Sale Software(Scribble) $ 4,000 $ 4,000 $ 4,000 $ 4,000 LaserFische Software $10,000 $10,000 $10,000 $ 10,000 Novus Agenda Software $ 5,000 $ 5,000 $ 5,000 $ 5,000 330 TELEPHONE SYSTEM&DATA LINES $ 8,000 $ 8,000 $ 8,000 $ 8,000 400 EQUIPMENT COSTS $ 9,000 $ 9,000 $ 9,000 $ 9,000 Notes: Increase due to ILA with City for IT support and addition of software for Novus Agenda and LaserFische. 211 COMPUTER SOFTWARE&LICENSES Carbonite $ 800 Adobe Cloud $ 1,700 Social Media&General Administration $ 1,000 $ 3,500 12 General Fund • TAXES&EMPLOYEE BENEFITS FY 2017-2018 FY 2018-2018 01-59000 Original Amended Year End Change Incrl(Decr)I SUMMARY Budget Budget Estimate Budget Amount I % 151 FICA-SOCIAL SECURITY $ 46,558 $ 46,558 $ 42,104 $ 48,000 $ 1,442 3% 152 FICA-MEDICARE $ 10,889 $ 10,889 $ 9,847 $ 11,277 $ 388 4% 153 RETIREMENT PLANS 457(B)&401(A) $142,907 $142,907 $133,479 $ 173,854 $30,947 22% 154 WORKERS COMP INSURANCE $ 2,500 $ 2,500 $ 2,100 $ 2,500 S - 0% 155 HEALTH INSURANCE $ 99,000 $ 99,000 $ 99,000 $ 110,000 $11,000 11% 156 DENTAL INSURANCE $ 4,050 $ 4,050 $ 4,050 $ 4,500 $ 450 11% 157 LIFE INSURANCE $ 1,350 $ 1,350 $ 1,350 $ 1,500 $ 150 11% 158 LONG TERM DISABILITY $ 3,144 $ 3,144 $ 3,144 S 3,448 $ 304 10% 159 REEMPLOYMENT CHARGES $ 5,000 $ 5,000 $ - $ 5,000 $ - 0% 160 VISION INSURANCE $ 540 $ 540 $ 540 $ 600 S 60 11% 161 COMPENSATED ABSENCES $ 35,000 $ 35,000 $ 15,000 $ 35,000 S - 0% AVAILABLE FOR SALARY INCREASES $ 17,000 $ 17,000 $ 17,000 $ 18,720 $ 1,720 N/A Total $367,938 $367,938 $327,614 $ 414,399 $46,461 13% Notes: Increase due to potential salary increases,change in medical insurance(waiting to hear from the City)and increase in 457(B)&401 (A) contribution percentage amount CRA Board Approved 8/14/2018. 14 Project Fund • I PROFESSIONAL&OTHER EXPENSES-02-58100 FY 2017-2018 FY 2018-2019 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount I % 1202 CONTINGENCY $ 100,000 $ 100,000 $ 100,000 $ 100,000 $ - 0% 203 PROFESSIONAL SERVICES $ 325,000 $ 203,788 $ 158,810 $ 204,979 $ 1,191 1% 207 RENT EXPENSE $ 14,400 $ 14,400 $ 6,000 $ - $ (14,400) -100% 213 LEGAL SERVICES $ 125,000 $ 125,000 $ 125,000 $ 125,000 $ - 0% Total $ 564,400 $ 443,188 $ 389,810 $ 429,979 $ (13,209) -3% Funding Source I DETAIL I Rollover FY18-19 202 CONTINGENCY $ 100,000 $ 100,000 $ - $ 100,000 $ 100,000 $ - 203 PROFESSIONAL SERVICES $ 325,000 $ 203,788 $ 158,810 $ 204,979 Surveys&Appraisals $ 100,000 $ 50,000 $ 25,853 $ 100,000 $ 74,147 $ 25,853 Architectural Design Assistance $ 150,000 $ 150,000 $ 129,169 $ 104,979 $ 20,831 $ 84,148 Cottage District(a) $ 75,000 $ 3,788 $ 3,788 $ - $ - $ - 207 RENT EXPENSE-Police Base on MLK $ 14,400 $ 14,400 $ 6,000 $ - $ - $ - 213 LEGAL SERVICES $ 125,000 $ 125,000 $ 125,000 $ 125,000 $ - $125,000 $ 194,978 $235,001 Notes: (a)Cottage District moved to Infrastructure&Streetscape 2 Project Fund • ECONOMIC DEVELOPMENT 02-58400& HOUSING REHAB PROGRAM 02-58300 FY 2017-2018 FY 20182019 Original Amended Year End Change Incr/(Derr) SUMMARY Budget Budget Estimate Budget Amount I % (58400-444 ECONOMIC DEVELOPMENT GRANTS $ 519,158 $ 569,158 $ 514,802 $ 554,356 $ (14,802) -34% 58400-445 MARKETING PROGRAM $ 121,000 $ 71,000 S 71,000 $ 80,000 $ 9,000 -47% 58400-443 TAX INCREMENT REVENUE FUNDING AGREEMENTS(TIRFA) S 1,230,000 S 1,230,000 S 1,216,739 S 1,207,000 S (23,000) -5% 58300-420 HOUSING REHAB PROGRAM S 50,000 S - S - $ - $ - N/A Total $ 1,920,158 $ 1,870,158 $ 1,802,541 $ 1,841,356 $ (28,802) -17% Funding Source DETAIL I Rollover FY18-19 58400.444 ECONOMIC DEVELOPMENT PROGRAMS 58400-444 519,158 $ 569,158 $ 514,802 $ 554,356 $ 54,356 S 500,000 (Commercial Facade,Construction,Interior Build-Out,Rent Reimbursement) 58400-445 MARKETING PROGRAM $ 121,000 $ 71,000 $ 71,000 $ 80,000 $ - $ 80,000 TAX INCREMENT REVENUE FUNDING 58400-443 AGREEMENTS(TIRFA) $ 1,230,000 $ 1,230,000 $ 1,216,739 $ 1,207,000 Cornerstone-The Preserve(Year 4 of 10) $ 105,000 $ 105,000 $ 100,000 $ 80,000 $ - $ 80,000 Seaboume Cove-Phase 1(Year 6 of 10) $ 390,000 $ 390,000 $ 388,229 $ 405,000 $ - $ 405,000 Seaboume Cove-Phase 2(Year 5 of 10) $ 165,000 $ 165,000 $ 163,004 $ 170,000 $ - $ 170,000 Casa Costa(Year 9 of 10) $ 550,000 $ 550,000 $ 545,783 $ 530,000 $ - $ 530,000 Wal-Mart(Year 7 of 10) $ 20,000 $ 20,000 $ 19,723 $ 22,000 $ - $ 22,000 58300-420 HOUSING REHAB PROGRAM $ 50,000 $ - $ - $ - $ - $ 54,356 $ 1,787,000 4 Project Fund • PROFESSIONAL&OTHER EXPENSES-02-58100 FY 2017-2018 FY 2018-2019 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount I % 202 CONTINGENCY $ 100,000 $ 100,000 $ 100,000 $ 100,000 $ - 0% 203 PROFESSIONAL SERVICES $ 325,000 $ 203,788 $ 158,810 $ 204,979 $ 1,191 1% 207 RENT EXPENSE $ 14,400 $ 14,400 $ 6,000 $ - $ (14,400) -100% 213 LEGAL SERVICES $ 125,000 $ 125,000 $ 125,000 $ 125,000 $ - 0% Total $ 564,400 $ 443,188 $ 389,810 $ 429,979 $ (13,209) -3% - Funding Source DETAIL Rollover FY18-19 202 CONTINGENCY $ 100,000 $ 100,000 $ - $ 100,000 $ 100,000 $ - 203 PROFESSIONAL SERVICES $ 325,000 $ 203,788 $ 158,810 $ 204,979 Surveys&Appraisals $ 100,000 $ 50,000 $ 25,853 $ 100,000 $ 74,147 $ 25,853 Architectural Design Assistance $ 150,000 $ 150,000 $ 129,169 $ 104,979 $ 20,831 $ 84,148 Cottage District(a) $ 75,000 $ 3,788 $ 3,788 $ - $ - $ - 207 RENT EXPENSE-Police Base on MLK $ 14,400 $ 14,400 $ 6,000 $ - $ - $ - 213 LEGAL SERVICES $ 125,000 $ 125,000 $ 125,000 $ 125,000 $ - $125,000 $ 194,978 $235,001 Notes: (a)Cottage District moved to Infrastructure&Streetscape 2 Project Fund • ECONOMIC DEVELOPMENT 02-58400& HOUSING REHAB PROGRAM 02-58300 FY 2017-2018 FY 2018-2019 Original Amended Year End Change Incrl(Decr) SUMMARY.' Budget Budget Estimate Budget Amount % (58400.444 ECONOMIC DEVELOPMENT GRANTS $ 519,158 $ 569,158 $ 514,802 $ 554,356 $ (14,802) -34% 58400-445 MARKETING PROGRAM $ 121,000 $ 71,000 $ 71,000 $ 80,000 $ 9,000 -47% 58400-443 TAX INCREMENT REVENUE FUNDING AGREEMENTS(TIRFA) $ 1,230,000 $ 1,230,000 $ 1,216,739 $ 1,207,000 $ (23,000) -5% 58300-420 HOUSING REHAB PROGRAM $ 50,000 $ - $ - $ - $ - NIA Total $ 1,920,158 $ 1,870,158 $ 1,802,541 $ 1,841,356 $ (28,802) -17% Funding Source DETAIL ( Rollover FY18-19 58400-444 ECONOMIC DEVELOPMENT PROGRAMS $ 519,158 $ 569,158 $ 514,802 $ 554,356 $ 54,356 $ 500,000 (Commercial Facade,Construction,Interior Build-Out,Rent Reimbursement) 58400-445 MARKETING PROGRAM $ 121,000 $ 71,000 $ 71,000 $ 80,000 $ - $ 80,000 TAX INCREMENT REVENUE FUNDING 58400-443 AGREEMENTS(TIRFA) $ 1,230,000 $ 1,230,000 $ 1,216,739 $ 1,207,000 Cornerstone-The Preserve(Year 4 of 10) $ 105,000 $ 105,000 $ 100,000 $ 80,000 $ - $ 80,000 Seaboume Cove-Phase 1(Year 6 of 10) $ 390,000 $ 390,000 $ 388,229 $ 405,000 $ - $ 405,000 Seaboume Cove-Phase 2(Year 5 of 10) $ 165,000 $ 165,000 $ 163,004 $ 170,000 $ - $ 170,000 Casa Costa(Year 9 of 10) $ 550,000 $ 550,000 $ 545,783 $ 530,000 $ - $ 530,000 Wal-Mart(Year 7 of 10) $ 20,000 $ 20,000 $ 19,723 $ 22,000 $ - $ 22,000 58300-420 HOUSING REHAB PROGRAM $ 50,000 $ - $ - $ - $ - $ 54,356 $ 1,787,000 4 BOYNTON BEACH CRA FY 2018-2019 BUSINESS PROMOTIONAL EVENTS BUDGET EVENTS DATE 2 BUDGET 1 9 BOYNTON BEACH .Saturday&Sunday October 27.428,':201B $310,000 HAUNTED PIRATE FEST EventMarkSting $43,000 &MERMAID SPLASH EvBanners $8,500 E.Ocean Ave.(between Federal Hwy.and NE - ` . 3rd St.) Total Pirate Fest $361,500 ART DISTRICT EVENT Date:TBD 410 W.Industrial Ave. Total Art District Event $5,000 EvertMarketin9 $1,500 Tom Art District $6,500 HOLIDAY BOAT PARADE Friday,December 14,2018 $11,000 735 Casa Loma Blvd. Txventx .r $4,000 fiaei._ ,` Para $15,000 BLARNEY BASH Dates:TBD $35,000 E.Ocean Ave.(between Federal Hwy.and NE -' 3rd St.) Event MarketiEv0nt MalicOUNI $9,500 IOW Boat a $44,500 ROCK THE PLAZA Dates:TBD (FALL/WINTER) ' ° ` $18,000 Plazas:Sunshine Square,One Boynton, Ocean Palm Plaza December 2018,January 20119;February 2019 (SPRING/SUMMER) $18,000 Plazas:Boynton Harbor Marina,Ocean Plaza, Apra 2019,June 2019,July 2019 Casa Costa '.EventMarketing $9,000 Total-keel(the Plaza $45,000 HISTORIC WOMAN'S CLUB Valentine's Heart Ball-February 2019 $10,000 OF BOYNTON BEACH 80's Prom-May 2019 $10,000 1010 S.Federal Hwy. Event Marketing $5,000 TotaTilvoman's Club $25,000 Marina Dive/Tournament Event $10,000 EQUIPMENT&SUPPORT $21,500 Rollover from FY 17-18 $20,000 Sub-Total Events $477,000 Sub-Total Events Marketing $72,000 TOTAL COST OF EVENTS $549,000 FY 17-18 Funded Events: Budget Considerations: Budget based on overtime rate of$51/hr for BBPD Public Safety Open House-$3,000 versus standard detail rate of$42/hr Holiday Tree Lighting&Concert-$70,000 Holiday Parade-$12,000 Taste of Boynton event in June 2019-$10,000 MLK Celebration of Unity-$40,000 Music on the Rocks-$20,000 Kinetic Art Event in February 2019-$20,000 Movies in the Park-$18,000 6 BOYNTON BEACH CRA Sources&Uses of Funds Funding Available for Projects-FY 2018-2019 Sources of Funds General Fund Revenues Tax Increment Revenue("TIR") $ 12,421,686 Marina $ 1,000,000 Sub-Total Sources of Funds $ 13,421,686 Uses of Funds&Contractual Obligations(All Funds) General Fund-Operating Expenses $ 2,822,918 Marina $ 1,000,000 Debt Service $ 2,136,465 Sub-Total $ 5,959,383 Balance for Project Fund $ 7,462,303 Award Less:Project Fund DIFA Payment Contractual Obligations: Factor •Casa Costa $ 530,000 47.5% (Year 9 of 10) •Wal-Mart $ 22,000 25.0% (Year 7 of 10) •Seabourn Cove-Phase 1 $ 405,000 50.0% (Year 6 of 10) •Seabourn Cove-Phase 2 $ 170,000 50.0% (Year 5 of 10) •The Preserve-Cornerstone $ 80,000 75.0% (Year 4 of 10) •500 Ocean-Payable once project completed and on tax rolls. Anticipated in 2019&budgeted for payment in FY 19-20 $ - Sub-Total $ 1,207,000 Estimated Available Funding for Project Fund $ 6,255,303 Expenses 2 BOYNTON BEACH CRA TAX INCREMENT REVENUE ("TIR") ESTIMATE - FY 2018-2019 As of:June 29,2018 1. I ASSESSED VALUATIONS • FY 2017-2018 FY 20182019 ASSESSED VALUES $ 1,290,612,142 $ 1,351,302,263 (a) Estimate• As of:6129118 Chg.from Prior Year $ 60,690,121 4.7% 2. TAX INCREMENT REVENUE-ESTIMATED FOR NEW BUDGET YEAR • FY 2017-2018 I FY 2017-2018 Estimates Assessed Values $ 1,290,612,142 $ 1,351,302,263 Less Base Year Value $ 309,821,849 309,821,849 TIR Taxable Value $ 980,790,293 1,041,480,414 95%of Difference $ 931,750,778 $ 989,406,393 (Per Florida Statutes Chapter 163.387(1)(a) Assumptions Redevelopment Trust Fund) No Millage Change City&County Minute Rates City 7.9000 7.9000 County 4.7815 4.7815 %of Tax Increment Revenue Total TIR City $ 7,360,831 $ 7,816,311 62% County 3 4,455,166 $ 4,730,847 38% Sub-Total $ 11,815,997 $ 12,547,157 3.0%for True-Up $ 354,480 $ 125,472 1.0%for True-Up Net TIR $ 11,461,518 $ 12,421,686 • Budgeted Change from Prey.Year Amount $ 960,168 8.4% (a) The Property Appraiser will issue revisions to the CRA's taxable values at the end of June 2018,and in early October 2018,with a final certified tax value in mid-2019. The CRA's budgeted tax increment revenue will be based on the first, or May 25, 2018, "Estimates of Taxable Values"with a 1%deduction for the final Property Appraiser certified tax adjustments("true-up")in mid-2019. 2 BOYNTON BEACH CRA POSITION CLASSIFICATIONS & SALARY RANGES FY 2018-2019 POSITION FLSA(b) MINIMUM ;�^ MID-POINT t:; MAXIMUM .. _.�� i Executive Director E $ 110,000 x $ 135,000 $ 180,000 2 Assistant Director E $ 100,000 $ 120,000 r° $ 140,000 t 3 Finance Director E $ 85,000 $ 105,000 $ 125,000 4 Accounting and Finance Manger E $ 55,000 $ 75,000 'f $ 90,000 5 Development Services Manager E $ 55,000 �, $ 75,000 '4 $ 95,000 6 Development Services Specialist E $ 45,000 $ 60,000 $ 75,000 Marketing &Business Development y, Iti e.. er 7 Specialist E $ 45,000 $ 60,000 $ 75,000 8 Business Promotion and Events Manager E $ 45,000 $ 60,000 : $ 75,000 Marketing/Events/Business Development v-.41 9 Asst. - N $ 40,000 $ 50,000 $ 60,000 4 10 Social Media Communications Specialist ° E $ 40,000 $ 50,000 ,,jr.,:. $ 60,000 ii Administrative Services&Grant Manager E $ 45,000 $ 60,000 $ 75,000 12 Administrative Assistant f" N $ 40,000 `T $ 50,000 $ 60,000 (b)FLSA=Fair Labor Standard Act; E=Exempt; N=Non-exempl 4 BOYNTON BEACH CRA General Fund - Fund Balance Analysis (a)Audited Fund Balance 9/30/2017 $ 4,249,519 Less: 1. Committed Fund Balance - Self-Funded insurance Reserve (a) $ (454,874) 2. Working Capital -Oct-Dec 2018 $ (1,750,000) 3. Compensated Absences $ (100,000) 4. Prepaids (Insurance & Rent Deposits) $ (22,950) 5. Encumbrances $ (213,526) 6. Allocation of Unassigned Fund Balance from FY16-17 (d) $ (88,123) Sub-Total $ (2,629,473) Estimated Unassigned Fund Balance as of 9/30/18 $ 1,620,046 (a) Components of Self-Funded Insurance Reserve FY 2012-2013 - Resolution No. 14-01 $ 119,813 FY 2014-2015 - Resolution No. 16-02 $ 167,152 FY 2015-2016 - Resolution No. 17-01 $ 167,909 Total Self-Funded Insurance Reserve $ 454,874 Note: The annual audit of the CRA's financial statements for the fiscal year are completed by mid-January of the following year. At the completion of the annual audit, the Unassigned Fund Balance will be finalized and the CRA Board can allocate funding according to Florida statute as outlined below. § 163.387, Fla. Stat. Ann. (6) On the last day of the fiscal year of the community redevelopment agency, any money which remains in the trust fund after the payment of expenses pursuant to subsection (6)for such year shall be: (a) Returned to each taxing authority which paid the increment in the proportion that the amount of the payment of such taxing authority bears to the total amount paid into the trust fund by all taxing authorities for that year; (b) Used to reduce the amount of any indebtedness to which increment revenues are pledged; (c) Deposited into an escrow account for the purpose of later reducing any indebtedness to which increment revenues are pledged; or (d)Appropriated to a specific redevelopment project pursuant to an approved community redevelopment plan which project will be completed within 3 years from the date of such appropriation. 6 ROYSTON,BEACH CRA SALARY SCHEDULE AND RELATED PERSONNEL EXPENSES FISCAL TEAR 10162010 FICA TAXES SALARY 63% 145% LONGTERM RETIREMENT BENEFIT RETIREMENT NAME HIRE DATE POSITION FY18-19 SOC.SEC.MEDICARE AUTO HEALTH DENTAL VISION LIFE DISABILITY BENEFITS TOTAL COSTS BENEFITS TOTAL Michael Simon 03/0797 ExeaN a Dlnctor $135,000 $ 8,370 $ 1,058 $ 3,000 S 11,000 $ 450 6 60 1 160 S 832 $ 31.750 S 161,30 $15,282 $ 33,750 $ 194,30 Ttary Shutt 07/24/17 Assistant Director $123,240 $ 7,841 1 1,787 S 2,220 $11,000 $ 450 S 60 $ 160 5 492 $ 30,810 $ 177,860 $14,372 $ 30,810 S 177,850 Vicki 1151 12/20/10 Fiance Director $ 96,255 S 5988 5 1,388 S - S 11,000 5 150 1 60 $ 160 $ 491 S 24,064 $ 139,833 $12,151 S 24,084 S 138,833 Jobara Jenkins 0593/17 Accoa6ng and Ficancc Manager $ 67,115 $ 4,181 S 073 S - S 11,000 $ 450 1 0 S 150 $ 386 S 18,778 S 101,051 112,026 1 18.778 5 101,051 Theresa Utterbadc 04/13409 Dsvebyment Serene Manger $ 76,690 S 4,752 S 1,111 $ - S 11,000 S 450 5 60 S 150 $ 304 5 10,183 5 113,640 $11,904 $ 10,163 S 113,840 Renee Roberts 04/I6/I6 509.1 Media and Communications Specialist $ 47,000 $ 2,914 1 682 $ - $11,000 $ 450 $ 60 $ 150 $ 304 $ 11,750 $ 74,309 5 11.984 $ 11,750 $ 74,300 Tracy Smitr-Coffey 04/22/33 Marketing 8 Business Development Space. $ 62,713 $ 3,868 $ 90 S - 5 11,00 5 450 S 80 5 150 5 284 5 15,678 $ 95,133 $11,044 5 15,878 5 95.133 Mercedes Coppin 07/06/18 Bonen Pran5an and Events Manager $ 56,375 $ 3,405 $ 817 5 - $11,00 $ 450 5 0 5 160 S 226 $ 10,094 S 86,807 5 11,885 5 14,054 5 88,687 Asn Hussain 03/20/17 MarksiigEventa,Bueneu 0.velopnart Amstar $ 43,563 S 2,701 S 832 S - 5 11,000 $ 450 5 80 S 10 5 175 $ 10,891 S 0,822 S 11,836 5 10981 5 0,822 Bonnie Nckbc 1121/16 Adn6xstaM Service*Manage S $1,10 $ 3,168 5 741 5 - $11,000 5 40 $ 60 5 150 5 175 S 12,775 5 79,819 5 11,835 $ 12,775 S 78,619 Oven.. NcnEoeOpt Overtnw-NonEoempt $ - S - 5 - S - $ - 5 - 5 - $ - $ - 5 - 5 - $ - $ - 5 - • Pen-Tins PoeSons Up.3,20111r,-35 Hre/Week $ - S - $ - 5 - S - 5 - 5 - 5 - S - $ - $ - $ - 5 - $ - Available br Sake,/looser 518,720.27 S 1.161 5 271 5 - 5 - $ - 5 - S - S - 5 4,60 S 24,832 5 - 5 4,60 S 24,832 Round up $ 279.73 Total$ 778,009 1 48,219 $ 11,2n 5 6220 5110,600 $4,500 S 600 51,600 $ 3,446 S 194,432 51,166.928 5125,288 $ 104,432 51,156,926 RETIREMENT SALARY 487(6) 4011a) BENEFITS FY 18-19 7.0% 17.0% TOTAL EoeAA.Director S 136,000 5 10,125 23.625 33,70 Assistantakeclor S 123,240 5 0,243 21,587 30.810 Finance Director 5 98,255 5 7,210 18,845 24,064 Finance Specialist $ 67,113 1 5,033 11,746 16,778 Development Services Manager S 76,60 $ 5,745 13,414 19,10 Social Media and Communication Specialist $ 47,000 S 3,626 8,225 11,750 Marketing&Business DeriopnarOSpeaekr $ 82,713 S 4,703 10975 15,678 Special Events Coordinator 5 56,375 5 4,228 0,888 14,094 MktEvhBin 0.e Asentant S 43,03 5 3,267 7,824 10.881 Admmisbative Services Manager S 51,10 $ 3,833 8,943 12.775 Overtime-Non{rmpt 5 - $ - - SalryorWagelncreaeee 5 18,720 $ 1,404 3,278 4,60 Total$ 777,729 5 58.330 136,103 104,432 NOTE:Coy's contribution to General Employee*.Pension Fund•five yen canoe of 31.35%to 33.55%annually(source:City Finance Department NOTE:Total benefit cost• $ 314,40 8 : .,;-k .'''';',, aw . wry 3'aY.1 ._:142,111:172Y.' i!". <'.tb' 1r * 'z f_r..r ) 1.. - ;'''r'_« :e. 1. Sergeant Salary&Incentive(Diehl) 1 $ 92,763 $ 92,763 Salary,Education Incentive Sergeant Benefits-Pension 1 $ 44,443 $ 44,443 Pension Healthcare,Dental,Vision, Sergeant Benefits 1 $ 15,625 $ 15,625 Fica Officer Salary&Incentive(Paramore) 1 $ 62,781 $ 62,781 Salary,Education Incentive Officer Benefits-Pension 1 $ 30,078 $ 30,078 Pension Officer Benefits 1 $ 13,330 $ 13,330 Healthcare,Dental,Vision, Fica Officer Salary&Incentive(NEW) 1 $ 54,304 $ 54,304 Salary,Education Incentive Officer Benefits-Pension 1 $ 26,017 $ 26,017 Pension Officer Benefits 1 $ 12,680 $ 12,680 Healthcare,Dental,Vision, Fica $ - $ - 1 `' et wacr''''.7. as. Radio and Related Equipment 1 $ 2,000 $ 2,000 Bike Rack 1 $ 250 $ 250 Misc.Equipment-As needed 1 $ 2,500 $ 2,500 $ - Cell Phones Service Plan 3 $ 675 $ 2,025 Office Supplies/Misc Supplies 1 $ 2,000 $ 2,000 Paper,Pens etc.(includes printer/copier) Office Cleaning 1 $ 1,500 $ 1,500 Communication/Program Marketing $ 7,704 ILA Amount for FY 17-18 $ 370,000 NOTE:All amounts provided by Police Department with exception of Contingency and ILA amount for FY 2018-2019 Revised by CRA to include promotional/marketing materials and additional equipment. 7 Boynton Beach Community Redevelopment Agency FY 2018-2019 Budget- Personnel Personnel Position FY 2017-2018 FY 2018-2019 No. No. 1 Executive Director 1 1 2 Assistant Director 1 1 3 Finance Director 1 1 4 Finance Specialist 1 0 4 (a)Accounting and Finance Manager 0 1 5 Development Services Manager 1 1 6 Development Service Specialist 0 0 7 Marketing& Business Development Specialist 1 1 8 Special Events Coordinator 1 0 8 (b)Business Promotion and Events Manager 0 1 9 Marketing/Events/Business Development Assistant 1 1 10 Social Media Communications Specialist 1 1 11 Administrative Services Manager 1 1 12 Administrative Assistant 0 0 Total Personnel 10 10 (a) Title Change for FY 18-19 from Finance Specialist to Accounting and Finance Manager (b) Title Change for FY 18-19 from Special Events Coordinator to Business Promotion and Events Manager 5 Boynton Beach CRA Organizational Chart FY 2018-201.9 5�k z LL y R O. yyp FOIP • $z �', ,�rs�PILVIt mob 3t OevelopmentSevices oed u (uritunded) c 3 BOYNTON BEACH CRA SUMMARY-ASSESSED PROPERTY VALUES&TAX INCREMENT REVENUE Tax CRA Assessed Increment Property Values %Change Revenue %Change FY 1989-1990 $ 39,466,737 $ 183,535 FY 1990-1991(a) $ 74,997,745 90.0% $ 199,603 8.8% FY 1991-1992 $ 77,257,229 3.0% $ 204,449 2.4% FY 1992-1993 $ 73,396,553 -5.0% $ 158,859 -22.3% FY 1993-1994 $ 70,614,592 -3.8% $ 126,535 -20.3% FY 1994-1995 $ 71,929,663 1.9% $ 141,167 11.6% FY 1995-1996 $ 73,498,930 2.2% $ 158,398 12.2% FY 1996-1997 $ 74,712,938 1.7% $ 172,660 9.0% FY 1997-1998 $ 75,719,530 1.3% $ 189,808 9.9% FY 1998-1999 $ 78,410,383 3.6% $ 219,894 15.9% FY 1999-2000 $ 81,928,346 4.5% $ 261,389 18.9% FY 2000-2001(a) $ 317,835,353 287.9% $ 305,840 17.0% FY 2001-2002 $ 372,405,731 17.2% $ 945,685 209.2% FY 2002-2003 $ 407,644,247 9.5% $ 1,330,409 40.7% FY 2003-2004 $ 511,268,089 25.4% $ 2,500,726 88.0% FY 2004-2005 $ 631,521,600 23.5% $ 3,871,616 54.8% FY 2005-2006 $ 827,149,288 31.0% $ 6,076,347 56.9% FY 2006-2007 $ 1,132,404,172 36.9% $ 9,086,624 49.5% FY 2007-2008 $ 1,270,885,424 12.2% $ 9,520,342 4.8% FY 2008-2009 $ 1,131,010,840 -11.0% $ 8,159,941 -14.3% FY 2009-2010(a) $ 950,585,514 -16.0% $ 6,760,870 -17.1% FY 2010-2011 $ 825,305,342 -13.2% $ 5,637,827 -16.6% FY 2011-2012 $ 815,476,900 -1.2% $ 5,752,745 2.0% FY 2012-2013 $ 787,123,743 -3.5% $ 5,614,228 -2.4% FY2013-2014 $ 892,694,842 13.4% $ 7,022,119 25.1% FY 2014-2015 $ 1,000,248,846 12.0% $ 8,317,867 18.5% FY 2015-2016 $ 1,105,502,452 10.5% $ 9,585,902 15.2% FY 2016-2017 $ 1,187,947,268 7.5% $10,579,150 10.4% FY 2017-2018 $ 1,290,612,142 8.6% $11,461,518 8.3% FY 2018-2019 $ 1,351,302,263 4.7% $12,421,686 8.4% (a)CRA expansion 1 Boynton Beach CRA Debt Service Fund Budget Summary • FY 2017-2018 2018-2019 2018-2019 vs.Prior Year Original Amended Year End Increase/(Decrease) Dept.# Funding Source Budget Budget Estimate Budget Amount I % 49900 Transfers In from General Fund $ 2,140,955 $ 2,140,955 $ 2,140,955 $ 2,136,465 $ (4,490) -0.296 REMOVE Series 2012(formerly Series 2004&Series 2005A)-PNC Bank 59800-814 Principal $ 1,300,000 $ 1,300,000 $ 1,300,000 $ 1,331,000 $ 31,000 2.4% 59800-824 Interest $ 328,550 $ 328,550 $ 328,550 $ 295,270 $ (33,280) -10.1% Sub-Total $ 1,628,550 $ 1,628,550 $ 1,628,550 $ 1,626,270 $ (2,280) -0.1% Series 2015(formerly Series 2005B)-BB&T 59800-815 Principal $ 370,000 $ 370,000 $ 370,000 $ 380,000 $ 10,000 2.7% 59800-826 Interest $ 141,405 $ 141,405 $ 141,405 $ 129,195 $ (12,210) -8.6% Sub-Total $ 511,405 $ 511,405 $ 511,405 $ 609,195 $ (2,210) -0.4% 59800-830 Financial Agent Fees $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ - 0.0% Total Debt Service Expenses $ 2,140,955 $ 2,140,955 $ 2,140,955 $ 2,136,465 $ (4,490) -0.2% 1 Project Fund • PROJECTS&PROGRAMS-02-58500 FY 2017-2018 FY 2018-2019 Original Amended Year End Change Incrl(Decr) SUMMARY Budget Budget Estimate Budget Amount % 1460 NEIGHBORHOOD POLICE PROGRAM $ 372,000 $ 372,000 $ 372,000 $ 370,000 $ (2,000) -1% 470 COMMUNITY SUPPORT PROJECTS $ 125,000 $ 125,000 $ 92,923 $ 345,000 $ 220,000 176% 480 SPECIAL EVENTS $ 578,000 $ 578,000 $ 558,000 $ 549,000 $ (29,000) -5% Total $1,075,000 $1,075,000 $ 1,022,923 $ 1,264,000 $ 189,000 18% I DETAIL I Funding Source CLEAN&SAFE PROGRAM $ 422,000 $ 422,000 $ 372,000 $ 370,000 Rollover FY18-19 462 Community Clean Program $ 50,000 $ 50,000 $ - $ - $ - $ - 460 Neighborhood Police Program $ 372,000 $ 372,000 $ 372,000 $ 370,000 $ - $ 370,000 Neighborhood Sustainability-Code 461 Enforcement $ - $ - $ - $ - $ - $ - 470 COMMUNITY SUPPORT PROJECTS $ 125,000 $ 125,000 $ 92,923 $ 345,000 Community Caring Center Acquisition $ - $ - $ - I$ 250,000 I$ - $ 250,000 Business Incubator Support $ 125,000 $ 125,000 $ 92,923 $ 95,000 $ - $ 95,000 480 BUSINESS PROMOTIONAL EVENTS(a) $ 578,000 $ 578,000 $ 578,000 $ 549,000 Haunted Pirate Fest&Mermaid Splash $ 350,350 $ 350,350 $ 350,350 $ 361,500 $ 361,500 Art District Event $ - $ - $ - $ 6,500 $ - $ 6,500 Holiday Boat Parade $ 12,000 $ 12,000 $ 12,000 $ 15,000 $ - $ 15,000 St.Patrick's Day-Blarney Bash $ 34,461 $ 34,461 $ 34,461 $ 44,500 $ - $ 44,500 Rock the Plaza $ - $ - $ - $ 45,000 $ 45,000 Historic Woman's Club of Boynton Beach $ - $ - $ - $ 25,000 $ 25,000 Marina DivelToumament Event $ - $ - $ - $ 10,000 $ 10,000 Equipment&Support $ - $ - $ - $ 41,500 $ 20,000 $ 21,500 Holiday Tree Lighting&Concert $ 80,671 $ 80,671 $ 80,671 $ - $ - $ - Holiday Parade(City Run-CRA reimburses City) $ 12,000 $ 12,000 $ 12,000 $ - $ - $ - MLK Celebration of Unity $ 35,501 $ 35,501 $ 35,501 $ - $ - $ - Movies in the Park $ 25,111 $ 25,111 $ 25,111 $ - $ - $ - Music on the Rocks $ 24,906 $ 24,906 $ 24,906 $ - $ - $ - Public Safety Open House $ 3,000 $ 3,000 $ 3,000 $ - $ - $ - $ 20,000 $ 1,244,000 Notes: (a)Decrease in Business Promotional Events(Formerly Special Events)due to a change in event promotions. 5 Project Fund • CAPITAL OUTLAY-02-58200 FY 2017-2018 FY 2018-2019 Original Amended Year End Change Incr/(Decr) H SUMMARY Budget Budget Estimate Budget Amount I % 401 PROPERTY PURCHASES $ 766,435 $ 3,654,935 $ 3,435,526 $ 475,000 $ (3,179,935) -87% 404 CONSTRUCTION IN PROGRESS $ 200,000 $ 270,000 $ 270,000 $ 190,000 $ (80,000) -30% 405 SITE WORK&DEMOLITION FEES $ 73,957 $ 73,957 $ 66,315 $ 66,315 $ (7,642) -10% 406 INFRASTRUCTURE&STREETSCAPE $ 5,406,670 $ 5,599,382 $ 3,946,650 $ 6,461,444 $ 862,062 15% Total $ 6,447,062 $ 9,598,274 $ 7,718,491 $ 7,192,759 S (2,405,515) -25% Funding Source DETAIL I Rollover FYI8-19 401 PROPERTY PURCHASES $ 766,435 $ 3,654,935 $ 3,435,526 $ 475,000 $ 415,909 $ 59,091 404 CONSTRUCTION IN PROGRESS $ 200,000 $ 270,000 $ 270,000 $ 190,000 Woman's Club-Capital Improvements &Renovations $ 200,000 $ 270,000 $ 270,000 $ 150,000 $ - S 150,000 Marina-Open Space Construction& Southern Drive Lane Repair and Resurface $ - $ - $ - $ 40,000 $ - S 40,000 405 SITE WORK&DEMOLITION $ 73,957 $ 73,957 $ 66,315 $ 66,315 Site Work&Demolition $ 73,957 $ 73,957 $ 66,315 $ 66,315 $ 66,315 S - 406 INFRASTRUCTURE&STREETSCAPE $ 5,406,670 $ 5,599,382 $ 5,598,632 $ 6,461,444 Town Square Project $ 2,500,000 $ 2,500,000 $ 2,500,000 $ 3,700,000 $ - $3,700,000 MLK Corridor Redevelopment,CRA Property $ 1,200,000 $ 1,200,000 $ 1,200,000 $ 1,600,000 $ 1,200,000 $ 400,000 Ocean Breeze East $ 551,000 $ 567,500 $ 567,500 $ - $ - $ - FDOT/USI Project $ 125,000 S 230,000 $ 230,000 $ - $ - $ - Cottage District Project $ 70,000 $ 141,212 $ 140,462 $ 140,462 $ 140,462 S - Sara Sims Park $ 600,000 $ 600,000 $ 600,000 $ - $ - Future Development Projects $ - $ - $ - $ 883,712 $ 883,712 Model Block(a) $ 360,670 $ 360,670 $ 360,670 $ 137,270 $ 137,270 $ - $ 1,959,956 $5,232,803 Notes:Increases due to Town Square Project Original (a) Model Block Rollover $ 312,270 Reallocated as follows: To Model Block $ 137,270 To Property Acquisition $ 175,000 $ 312,270 $ 312,270 3 Project Fund V I PROJECTS&PROGRAMS-02-58500 FY 2017-2018 FY 2018-2019 Original Amended Year End Change Incr/(Decr) I SUMMARY Budget Budget Estimate Budget Amount I % 460 NEIGHBORHOOD POLICE PROGRAM $ 372,000 $ 372,000 $ 372,000 $ 370,000 $ (2,000) -1% 470 COMMUNITY SUPPORT PROJECTS $ 125,000 $ 125,000 $ 92,923 $ 345,000 $ 220,000 176% 480 SPECIAL EVENTS $ 578,000 $ 578,000 $ 558,000 $ 549,000 $ (29,000) -5% Total $1,075,000 $ 1,075,000 $ 1,022,923 $ 1,264,000 $ 189,000 18% I DETAIL I Funding Source CLEAN&SAFE PROGRAM $ 422,000 $ 422,000 $ 372,000 $ 370,000 Rollover FY18-19 462 Community Clean Program $ 50,000 $ 50,000 $ - $ - $ - $ - 460 Neighborhood Police Program $ 372,000 $ 372,000 $ 372,000 $ 370,000 $ - $ 370,000 Neighborhood Sustalnability-Code 461 Enforcement $ - $ - $ - $ - $ - $ - 470 COMMUNITY SUPPORT PROJECTS $ 125,000 $ 125,000 $ 92,923 $ 345,000 Community Caring Center Acquisition $ - $ - $ - I$ 250,000 $ - $ 250,000 Business Incubator Support $ 125,000 $ 125,000 $ 92,923 $ 95,000 I$ - $ 95,000 480 BUSINESS PROMOTIONAL EVENTS(a) $ 578,000 $ 578,000 $ 578,000 $ 549,000 Haunted Pirate Fest&Mermaid Splash $ 350,350 $ 350,350 $ 350,350 $ 361,500 $ 361,500 Art District Event $ - $ - $ - $ 6,500 $ - $ 6,500 Holiday Boat Parade $ 12,000 $ 12,000 $ 12,000 $ 15,000 $ - $ 15,000 St.Patrick's Day-Blarney Bash $ 34,461 $ 34,461 $ 34,461 $ 44,500 $ - $ 44,500 Rock the Plaza $ - $ - $ - $ 45,000 $ 45,000 Historic Woman's Club of Boynton Beach $ . $ - $ - $ 25,000 $ 25,000 Marina Divelroumament Event $ - $ - $ - $ 10,000 $ 10,000 Equipment&Support $ - $ - $ - $ 41,500 $ 20,000 $ 21,500 Holiday Tree Lighting&Concert $ 80,671 $ 80,671 $ 80,671 $ - $ - $ - Holiday Parade(City Run-CRA reimburses City) $ 12,000 $ 12,000 $ 12,000 $ - $ - $ - MLK Celebration of Unity $ 35,501 $ 35,501 $ 35,501 $ - $ - $ - Movies in the Park $ 25,111 $ 25,111 $ 25,111 $ - $ - $ - Music on the Rocks $ 24,906 $ 24,906 $ 24,906 $ - $ - $ - Public Safety Open House $ 3,000 $ 3,000 $ 3,000 $ - $ - $ - $ 20,000 $ 1,244,000 Notes: (a)Decrease in Business Promotional Events(Formerly Special Events)due to a change in event promotions. 5 Project Fund • CAPITAL OUTLAY-02-58200 FY 2017-2018 FY 2018-2019 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount I % 401 PROPERTY PURCHASES $ 766,435 $ 3,654,935 $ 3,435,526 $ 475,000 $ (3,179,935) -87% 404 CONSTRUCTION IN PROGRESS $ 200,000 $ 270,000 $ 270,000 $ 190,000 $ (80,000) -30% 405 SITE WORK&DEMOLITION FEES $ 73,957 $ 73,957 $ 66,315 $ 66,315 $ (7,642) -10% 406 INFRASTRUCTURE&STREETSCAPE $ 5,406,670 $ 5,599,382 $ 3,946,650 $ 6,461,444 $ 862,062 15% Total $ 6,447,062 $ 9,598,274 $ 7,718,491 $ 7,192,759 $ (2,405,515) -25% Funding Source I DETAIL I Rollover FY18-19 401 PROPERTY PURCHASES $ 766,435 $ 3,654,935 $ 3,435,526 $ 475,000 $ 415,909 $ 59,091 404 CONSTRUCTION IN PROGRESS $ 200,000 $ 270,000 $ 270,000 $ 190,000 Woman's Club-Capital Improvements &Renovations $ 200,000 $ 270,000 $ 270,000 $ 150,000 $ - $ 150,000 Marina-Open Space Construction& Southern Drive Lane Repair and Resurface $ - $ - $ - $ 40,000 $ - $ 40,000 405 SITE WORK&DEMOLITION $ 73,957 $ 73,957 $ 66,315 $ 66,315 Site Work&Demolition $ 73,957 $ 73,957 $ 66,315 $ 66,315 $ 66,315 $ - 406 INFRASTRUCTURE&STREETSCAPE $ 5,406,670 $ 5,599,382 $ 5,598,632 $ 6,461,444 Town Square Project $ 2,500,000 $ 2,500,000 $ 2,500,000 $ 3,700,000 $ - $3,700,000 MLK Corridor Redevelopment,CRA Property $ 1,200,000 $ 1,200,000 $ 1,200,000 $ 1,600,000 $ 1,200,000 $ 400,000 Ocean Breeze East $ 551,000 $ 567,500 $ 567,500 $ - $ - $ - FDOT/US1 Project $ 125,000 5 230,000 $ 230,000 $ - $ - $ - Cottage District Project $ 70,000 $ 141,212 $ 140,462 $ 140,462 $ 140,462 $ - Sara Sims Park $ 600,000 $ 600,000 $ 600,000 $ - $ - Future Development Projects $ - $ - $ - $ 883,712 $ 883,712 Model Block(a) $ 360,670 $ 360,670 $ 360,670 $ 137,270 $ 137,270 $ - $ 1,959,956 $5,232,803 Notes: Increases due to Town Square Project Original (a) Model Block Rollover $ 312,270 Reallocated as follows: To Model Block $ 137,270 To Property Acquisition $ 175,000 $ 312,270 $ 312,270 3 Boynton Beach CRA Project Fund-Budget Summary FY 2017-2018 2018-2019 2018-2019 vs.Prior Year Original Amended Year End Increase/(Decrease) 'FUNDING SOURCES Budget Budget Estimate Budget Amount I % 1.Rollover FY 2017-2018(see Budget Overview) $ - $ - $ - $ 2,229,291 $ 2,229,291 N/A $ - 2.Transfers in from General Fund $ - Other Financing Sources/Transfers In $ 10,006,620 $ 12,986,620 $10,833,765 $ 7,462,303 $ (5,524,317) -43% $ - 3.Other Revenue/Financing Sources: $ - 1.Cash Analysis-CRA Board Approved 4/10/201 E $ 2,980,000 2.Revenue from Sale of 711 N Federal Hwy $ 242,500 $ 242,500 N/A 3.Revenue from Sale of Ocean Breeze East $ 794,000 $ 794,000 N/A Sub-Total $ 2,980,000 $ 1,036,500 $ (1,943,500)N/A $ - Total Funding Sources/Revenues&Transfers In $ 10,006,620 $ 12,986,620 $10,833,765 $10,728,094 $ (2,258,526) 1% • FY 2017-2018 2018-2019 2018-2019 vs.Prior Year Original Amended Year End Increase/(Decrease) (EXPENSES Budget Budget Estimate Budget Amount I % Professional&Other Expenses Contingency $ 100,000 $ 100,000 $ - $ 100,000 $ - 0% Professional Services $ 325,000 $ 203,788 $ 158,810 $ 204,979 $ 1,191 1% Rent Expense $ 14,400 $ 14,400 $ 6,000 $ - $ (14,400) -100% Legal Services $ 125,000 $ 125,000 $ 125,000 $ 125,000 $ - 0% Sub-Total $ 564,400 $ 443,188 $ 289,810 $ 429,979 $ (13,209) -3% Capital Outlay Property Purchases $ 766,435 $ 3,654,935 $ 3,435,526 $ 475,000 $ (3,179,935) -87% Construction in Progress BWCC&Marina $ 200,000 $ 270,000 $ 270,000 $ 190,000 $ (80,000) -30% Site Work&Demolition Fees $ 73,957 $ 73,957 $ 66,315 $ 66,315 $ (7,642) -10% Infrastructure&Streetscape $ 5,406,670 $ 5,599,382 $ 3,946,650 $ 5,577,732 $ (21,650) 0% Future Development Projects $ - $ - $ - $ 883,712 $ 883,712 N/A Sub-Total $ 6,447,062 $ 9,598,274 $ 7,718,491 $ 7,192,759 $ (2,405,515) -25% Economic Development&Housing Rehab Program Economic Development Grant Programs $ 519,158 $ 569,158 $ 514,802 $ 554,356 $ (14,802) -3% Marketing Program $ 121,000 $ 71,000 $ 71,000 $ 80,000 $ 9,000 13% DIFA-Economic Development $ 1,230,000 $ 1,230,000 $ 1,216,739 $ 1,207,000 $ (23,000) -2% Housing Rehab Program $ 50,000 $ - $ - $ - $ - NA Sub-Total $ 1,920,158 $ 1,870,158 $ 1,802,541 $ 1,841,356 $ (28,802) -2% Proiects&Programs Clean&Safe Program(Clean,Police,Code) $ 372,000 $ 372,000 $ 372,000 $ 370,000 $ (2,000) -1% Community Support Projects $ 125,000 $ 125,000 $ 92,923 $ 345,000 $ 220,000 176% Business Promotional Events $ 578,000 $ 578,000 $ 558,000 $ 549,000 $ (29,000) -5% Sub-Total $ 1,075,000 $ 1,075,000 $ 1,022,923 $ 1,264,000 $ 189,000 18% Total Project Fund Expenses $ 10,006,620 $ 12,986,620 $10,833,765 $10,728,094 $ (2,258,526) -17% 1 General Fund • CONTINGENCY-01-51990 FY 2017-2018 FY 2018-2019 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount I 200 GENERAL FUND CONTINGENCIES $100,000 $100,000 $ - $ 100,000 $ - 0% Notes: Budgeted at approximately 1% of tax increment revenue. 13 General Fund y MARINA-01-51630 FY 2017-2018 FY 2018-2019 Original Amended Year End Change Incr/(Decr) SUMMARY Budget Budget Estimate Budget Amount % 200 CONTRACTURAL SERVICES $ 500 $ 500 $ 500 $ 500 $ - 0% 209 PROPERTY MAINTENANCE COSTS $ 25,000 $ 25,000 $ 25,000 $ 28,000 $ 3,000 12% 241 MARINA MANAGEMENT CONTRACT $ 181,435 $ 181,435 $ 181,435 $ 187,180 $ 5,745 3% 242 FUEL STATION OVERHEAD $ 29,500 $ 29,500 $ 29,500 $ 29,500 $ - 0% 310 OFFICE SUPPLIES $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ - 0% 325 ELECTRIC COSTS $ 8,100 $ 8,100 $ 8,100 $ 8,100 $ - 0% 326 WATER COSTS $ 15,000 $ 15,000 $ 15,000 $ 12,000 $ (3,000) -20% 327 GASOLINE&DIESEL CHARGES $ 727,465 $ 727,465 $ 727,465 $ 721,720 $ (5,745) -1% 328 DIESEL SALES TAX $ 12,000 $ 12,000 $ 12,000 `$ 12,000 $ - 0% Total $1,000,000 $1,000,000 $1,000,000 $ 1,000,000 $ (0) 0% DETAIL CONTRACTUAL SERVICES-Sea 200 Spill Contract $ 500 $ 500 $ 500 $ 500 209 PROPERTY MAINTENANCE COSTS $ 25,000 $ 25,000 $ 25,400 $ 28,000 241 MARINA MANAGEMENT CONTRACT $ 181,435 $ 181,435 $ 181,435 $ 187,180 OPERATIONS-Merchant 242 Fees/Phone&Data Line $ 29,500 $ 29,500 $ 29,500 $ 29,500 310 OFFICE SUPPLIES $ 1,000 $ 1,000 $ 1,000 $ 1,000 325 ELECTRICITY COSTS $ 8,100 $ 8,100 $ 8,100 $ 8,100 326 WATER COSTS $ 15,000 $ 15,000 $ 10,000 $ 12,000 327 GASOLINE&DIESEL CHARGES $ 727,465 $ 727,465 $ 737,065 $ 721,720 328 DIESEL SALES TAX $ 12,000 $ 12,000 $ 12,000 $ 12,000 Notes: Increase in Marina Mangement fee and property maintenance costs. 11 General Fund • PROFESSIONAL SERVICES-01-51420 FY 2017-2018 FY2018-2019 Original Amended Year End Change Incr/(Derr) SUMMARY Budget Budget Estimate Budget Amount I % 200 CONTRACTURAL SERVICES $152,000 $152,000 $122,000 $ 142,000 $ (10,000) -7% 201 LEGAL SERVICES $100,000 $100,000 $ 90,000 '$ 100,000 $ - 0% 204 OTHER PROFESSIONAL FEES $ 22,000 $ 22,000 $ 15,000 $ 22,000 $ - 0% Total $274,000 $274,000 $227,000 `$ 264,000 $ (10,000) -4% DETAIL 200 CONTRACTUAL SERVICES $152,000 $152,000 $122,000 $ 142,000 Audit Services $ 18,500 $ 18,500 $ 18,500 $ 18,500 Marina Audit&Tax Compliance $ 15,000 $ 15,000 $ 5,000 $ - Bond Indenture Compliance&Bond Continuing $ 10,000 $ 10,000 $ 5,000 $ 5,000 Disclosure Dissemination Services Financial Services including Marina Audit&Tax Compliance $ 35,000 $ 35,000 $ 35,000 $ 50,000 Website Hosting&Related Services $ 15,000 $ 15,000 $ 15,000 $ 15,000 Website Redesign&Maintenance $ 25,000 $ 25,000 $ 15,000 $ 20,000 Personnel Services $ 30,000 $ 30,000 $ 25,000 $ 30,000 Economic Development Financial Assessment $ 3,500 $ 3,500 $ 3,500 $ 3,500 201 LEGAL SERVICES $100,000 $100,000 $ 90,000 $ 100,000 204 OTHER PROFESSIONAL FEES $ 22,000 $ 22,000 $ 22,000 $ 22,000 Fire Inspections $ 500 $ 500 $ 500 $ 500 City HR/Payroll/Benefits ILA $ 14,500 $ 14,500 $ 14,500 $ 14,500 Medical Clinic-CRA Cost Allocation $ 7,000 $ 7,000 $ 7,000 $ 7,000 Notes: Combined Marina Audit&Tax Compliance with Financial Services 9 General Fund • Business Promotion and Events-01-57500 FY 2017-2018 FY 2018-2019 Original Amended Year End Change Incr/(Decry SUMMARY Budget Budget Estimate Budget Amount 100 PERSONNEL SERVICES $ 55,000 $ 55,000 $ 56,375 $ 56,375 $ 1,375 3% 225 CONFERENCES,MEETINGS $ 6,100 $ 6,100 $ 6,100 $ 6,100 $ - 0% 226 MEMBERSHIP DUES $ 500 $ 500 $ 500 $ 500 $ - 0% 229 CAREER DEVELOPMENT $ 2,500 $ 2,500 $ 2,500 $ 2,500 $ - 0% 310 OFFICE SUPPLIES $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ - 0% 340 CELLULAR PHONES $ 720 $ 720 $ 540 $ 540 $ (180) -25% 355 SUBSCRIPTIONS $ 250 $ 250 $ 250 $ 250 $ - 0% 360 BOOKS&PUBLICATIONS $ 300 $ 300 $ 200 $ 300 $ - 0% 400 EQUIPMENT&EVENT SUPPORT $ 20,000 $ 20,000 $ 20,000 $ - $ (20,000) -100% Total $ 86,870 $ 86,870 $ 87,965 $ 68,065 $ (18,805) -22% DETAIL 100 PERSONNEL SERVICES $ 55,000 $ 56,375 $ 56,375 $ 56,375 Salaries Business Promotion and Events Manager $ 55,000 $ 56,375 $ 56,375 $ 56,375 CONFERENCES,MEETINGS, 225 WORKSHOPS $ 6,100 $ 6,100 $ 6,100 $ 6,100 Regional-Local Meetings&Seminars $ 1,500 $ 1,500 $ 1,500 $ 1,500 Mileage $ 1,000 $ 1,000 $ 1,000 $ 1,000 State Event-related Travel $ 1,800 $ 1,800 $ 1,800 $ 1,500 Florida Redevelopment Association(FRA) $ 1,800 $ 1,800 $ 1,800 $ 1,000 226 MEMBERSHIP DUES $ 500 $ 500 $ 500 $ 500 Florida Festival&Events $ 500 $ 500 $ 500 $ 500 229 CAREER DEVELOPMENT $ 2,500 $ 2,500 $ 2,500 $ 2,500 Events Training $ 2,500 $ 2,500 $ 2,500 $ 2,500 310 OFFICE SUPPLIES $ 1,500 $ 1,500 $ 1,500 $ 1,500 340 CELLULAR PHONES $ 720 $ 720 $ 540 $ 540 355 SUBSCRIPTIONS $ 250 $ 250 $ 250 $ 250 360 BOOKS&PUBLICATIONS $ 300 $ 300 $ 200 $ 300 400 EQUIPMENT&EVENT SUPPORT $ 20,000 $ 20,000 $ 20,000 $ - Notes: Equipment&Event Support moved to the Project Fund 7 General Fund • MARKETING&BUSINESS DEVELOPMENT FY 2017-2018 FY 2018-2019 01-57400 Original Amended Year End Change Incr/(Decry SUMMARY Budget Budget Estimate Budget Amount I % 100 PERSONNEL SERVICES $ 61,035 $ 61,035 $ 62,713 $ 62,713 $ 1,678 103% 216 ADVERTISING $ 58,540 $ 58,540 $ 37,500 $ 40,000 $ (18,540) 68% 218 MARKETING/WOMAN'S CLUB COLLATERAL $ 5,000 $ 5,000 $ 5,000 $ 6,000 $ 1,000 120% 225 CONFERENCES,MEETINGS $ 5,900 $ 5,900 $ 5,900 $ 4,400 $ (1,500) 75% 226 MEMBERSHIP DUES $ 5,800 $ 5,800 $ 5,850 $ 5,850 $ 50 101% 227 POSTAGE $ 4,000 $ 4,000 $ 3,000 $ 4,000 $ - 100% 229 CAREER DEVELOPMENT $ 2,500 $ 2,500 $ 2,500 $ 2,500 $ - 100% 236 PHOTOGRAPHY&VIDEOS $ 15,000 $ 15,000 $ 15,000 $ 15,000 $ - 100% 310 OFFICE SUPPLIES $ 1,500 $ 1,500 $ 1,500 $ 1,500 $ - 100% 340 CELLULAR PHONES $ 720 $ 720 $ 720 $ 540 $ (180) 75% 355 SUBSCRIPTIONS $ 1,425 $ 1,425 $ 1,425 $ 1,005 $ (420) 71% 360 BOOKS&PUBLICATIONS $ 200 $ 200 $ 200 $ 200 $ - 100% 365 MARKETING PRINTING COSTS $ 6,000 $ 6,000 $ 6,000 S 3,500 $ (2,500) 58% Total $167,620 $167,620 $147,308 $ 147,208 $ (20,412) 88% DETAIL 100 PERSONNEL SERVICES $ 61,035 $ 62,713 $ 62,713 $ 62,713 Salaries Marketing&Business Development Specialist $ 61,035 $ 62,713 $ 62,713 $ 62,713 ADVERTISING-COMMUNITY/WOMAN'S 216 CLUB/MARINA $ 58,540 $ 58,540 $ 58,540 $ 40,000 Community Advertising $ 6,000 $ 6,000 $ 6,000 $ 7,000 Women's Club $ 10,000 $ 10,000 $ 10,000 $ 10,000 Marina $ 42,540 $ 42,540 $ 42,540 $ 23,000 218 MARKETING&WOMAN'S CLUB COLLATERAL $ 5,000 $ 5,000 $ 5,000 $ 6,000 225 CONFERENCES,MEETINGS,WORKSHOPS $ 5,900 $ 5,900 $ 5,900 $ 4,400 Regional-Local Meetings&Seminars $ 800 $ 800 $ 800 $ 800 Mileage $ 800 $ 800 $ 800 $ 800 State Marketing-related Conferences $ 1,000 $ 1,000 $ 1,000 $ 1,000 Visit Florida Governor's Conference(with City) $ 1,500 $ 1,500 $ 1,500 $ - Florida Redevelopment Association(FRA) $ 1,800 $ 1,800 $ 1,800 $ 1,800 226 MEMBERSHIP DUES $ 5,800 $ 5,800 $ 5,850 $ 5,850 Visit Florida $ 475 $ 475 $ 475 $ 475 Palm Beach County Convention&Visitors Bureau $ 3,000 $ 3,000 $ 3,000 $ 3,000 (represents 50%of cost to be shared with City) International Downtown Association(IDA) $ 1,725 $ 1,725 $ 1,775 $ 1,775 Gold Coast Public Relations Council $ 100 $ 100 $ 100 $ 100 International Festivals&Events Association $ 500 $ 500 $ 500 $ 500 227 POSTAGE $ 4,000 $ 4,000 $ 4,000 $ 4,000 229 CAREER DEVELOPMENT $ 2,500 $ 2,500 $ 2,500 $ 2,500 Florida Festivals&Events Training $ 2,500 $ 2,500 $ 2,500 $ 2,500 236 PHOTOGRAPHY,VIDEOS,PROMOTIONAL $ 15,000 $ 15,000 $ 15,000 $ 15,000 310 OFFICE SUPPLIES $ 1,500 $ 1,500 $ 1,500 $ 1,500 340 CELLULAR PHONES $ 720 $ 720 $ 540 $ 540 355 SUBSCRIPTIONS $ 1,375 $ 1,375 $ 1,314 $ 1,005 Palm Beach Post $ 425 $ 425 $ 527 $ 530 Sun-Sentinel $ 475 $ 475 $ 312 $ 475 Wall Street Journal $ 475 $ 475 $ 475 $ - 360 BOOKS&PUBLICATIONS $ 200 $ 200 $ 200 $ 200 365 MARKETING PRINTING COSTS $ 6,000 $ 6,000 $ 3,000 $ 3,500 Notes: Reduction in Manna Marketing 5 General Fund • I FINANCE DEPARTMENT- 01-51325 FY 2017-2018 FY 2018-2019 Original Amended Year End Change Incr/(Decr) I SUMMARY Budget Budget Estimate Budget Amount 1 % 100 PERSONNEL SERVICES $158,000 $158,000 $163,368 $ 163,368 $ 5,368 3% 200 CONTRACTUAL EXPENSES $ 250 $ 250 $ 250 $ 250 $ - 0% 201 BANK FEES $ 3,000 $ 3,000 $ 3,000 $ 3,000 $ - 0% 225 CONFERENCES,MEETINGS $ 10,450 $ 10,450 $ 10,450 $ 8,450 $ (2,000) -19% 226 MEMBERSHIP DUES $ 820 $ 820 $ 820 $ 1,300 $ 480 59% 227 DELIVERY SERVICES $ 500 $ 500 $ 500 $ 500 $ - 0% 229 CAREER DEVELOPMENT $ 5,000 $ 5,000 $ 5,000 $ 5,000 $ - 0% 310 OFFICE SUPPLIES $ 2,500 $ 2,500 $ 2,500 $ 2,500 $ - 0% 340 CELLULAR PHONES $ 1,440 $ 1,440 $ 1,440 $ 1,440 $ - 0% 355 SUBSCRIPTIONS $ 1,300 $ 1,300 $ 1,200 $ 1,300 $ - 0% 360 BOOKS&PUBLICATIONS $ 700 $ 700 $ 700 $ 700 $ - 0% 365 OFFICE PRINTING COSTS $ 600 $ 600 $ 600 $ 600 $ - 0% 400 EQUIPMENT COSTS $ 1,500 $ 1,500 $ 1,500 $ 1,000 $ (500) -33% Total $186,060 $186,060 $191,328 $ 189,408 $ 3,348 2% DETAIL 100 PERSONNEL SERVICES $158,000 $163,368 $163,368 $ 163,368 Salaries Finance Director $ 93,000 $ 96,255 $ 96,255 $ 96,255 Finance Specialist $ 65,000 $ 67,113 $ 67,113 $ 67,113 CONTRACTUAL EXPENSES-Florida Dept.of 200 Economic Opportunity $ 250 $ 250 $ 250 $ 250 201 BANK FEES $ 3,000 $ 3,000 $ 3,000 $ 3,000 225 CONFERENCES,MEETINGS,WORKSHOPS $ 10,450 $ 10,450 $ 10,450 $ 8,450 Regional-Local Meetings&Seminars $ 750 $ 750 $ 750 $ 750 Mileage $ 700 $ 700 $ 700 $ 700 Financial Systems Conference(INCODE) $ 4,000 $ 4,000 $ 4,000 $ 4,000 Florida Redevelopment Association(FRA) $ 3,000 $ 3,000 $ 3,000 $ 3,000 Budget Meeting $ 2,000 $ 2,000 $ 2,000 $ - 226 MEMBERSHIP DUES $ 820 $ 820 $ 820 $ 1,300 FL Government Finance Officers Assoc. $ 300 $ 300 $ 300 $ 400 (FGFOA) Government Finance Officers Assoc.(GFOA) $ 320 $ 320 $ 320 $ 500 Society for Human Resource Management $ 200 $ 200 $ 200 $ 400 227 DELIVERY SERVICES $ 500 $ 500 $ 500 $ 500 229 CAREER DEVELOPMENT $ 5,000 $ 5,000 $ 5,000 $ 5,000 Finance Certification Programs/Continuing Ed.)- GFOA/FGFOA $ 5,000 $ 5,000 $ 5,000 $ 5,000 310 OFFICE SUPPLIES $ 2,500 $ 2,500 $ 2,500 $ 2,500 340 CELLULAR PHONES $ 1,440 $ 1,440 $ 1,260 $ 1,440 355 SUBSCRIPTIONS-Financial Reporting Agencies $ 1,300 $ 1,300 $ 1,200 $ 1,300 360 BOOKS&PUBLICATIONS $ 700 $ 700 $ 700 $ 700 365 OFFICE PRINTING COSTS-Check Stock/1099s $ 300 $ 300 $ 600 $ 600 400 EQUIPMENT COSTS $ 1,500 $ 1,500 $ 1,500 $ 1,000 Notes: 3 General Fund 7 CRA BOARD&ADVISORY BOARD- 01-51010 FY 2017-2018 FY 2018-2019 Original Amended Year End Change Incr/(Decry SUMMARY Budget Budget Estimate Budget Amount I % 200 CONTRACTUAL EXPENSES $ 7,500 $ 7,500 $ 7,500 $ 7,500 $ - 0% 216 PUBLIC NOTICES $ 6,500 $ 6,500 $ 6,500 $ 6,500 $ - 0% 225 CONFERENCES,MEETINGS $15,000 $15,000 $14,500 $ 14,500 $ (500) -3% 227 DELIVERY SERVICES $ 750 $ 750 $ 600 $ 750 $ - 0% 310 OFFICE SUPPLIES $ 750 $ 750 $ 750 $ 750 $ - 0% Total $30,500 $30,500 $29,850 $ 30,000 $ (500) -2% DETAIL 200 CONTRACTUAL EXPENSES $ 7,500 $ 7,500 $ 7,500 $ 7,500 Board Minutes&City Staff Costs CRA Board $ 7,500 $ 7,500 $ 4,000 $ 4,000 Advisory Board $ - $ - $ 3,500 $ 3,500 216 PUBLIC NOTICES $ 6,500 $ 6,500 $ 6,500 $ 6,500 Board Meeting's&Legal Notices CRA Board $ 6,500 $ 6,500 $ 5,000 $ 5,000 Advisory Board $ - $ - $ 1,500 $ 1,500 CONFERENCES, MEETINGS, 225 WORKSHOPS(CRA Board) $15,000 $15,000 $15,000 $ 14,500 Florida Redevelopment Assoc.(FRA) $12,000 $12,000 $12,000 $ 12,000 Training,Workshops, Business $ 500 $ 500 $ 500 $ 500 Development Board FL League of Cities(shared with City) $ 2,500 $ 2,500 $ 2,500 $ 2,000 227 DELIVERY SERVICES $ 400 $ 400 $ 600 $ 750 310 OFFICE SUPPLIES $ 750 $ 750 $ 750 $ 750 CRA Board $ 600 $ 600 $ 600 $ 600 Advisory Board $ 150 $ 150 $ 150 $ 150 Notes: Decrease due to a decrease in conferences and meetings 1 PROJECT FUND ALLOCATION SPREADSHEET ICRA FINANCIAL OPERATIONS:Budget II FY 2018/2019 IA from the Sale of 711 N Federal and Ocean Broca East I $ 1,036,500 $ 1,036,500 Total Available FY 10-19 Project Fund Budget Allocation Amount $ 6,255,303 $ 6,255,303 $ 6,255,303 (1) (2) 13) (4) Equals(1)+(4) FY 17110... - Projects: ' end CRAABweject CRA SW (4)CRA BeardPreject TotalP Sct and Rebwrged ef' Recommendations es Recommardadonsfor Aloordions soot Nka(an9kdudi!g /1309615 . o(5RR01$ 511413019, 01112010 of y; •'., Town Square Project Funding $ $ 3.700,000 $ --3,7001000 $ 5700000 4! :.;'� MLK Corridor Redevelopment S 1,200,000 $ 400.000 $ .400,000. 2 ',.100,000 4. '1,5000 Property Acquisition 4 '418,209,(a) $ 59.091 $ 10,001, $ ;60,011 $ -- 5,000^ Model Block $ 1'37270 (a) S - $ $ '' 37,270 Cottage District Project $ 110.462 $ 1'40.462' Site Work and Demolition $, 66,315, S, {, 11 Economic Development Grants _$ ' 51,3581 $ 400,000 $ 400,000 S 500.0004 .354 Neighborhood Policing Unit $ ' $ 37Q000 $ 170,000 $ . 370,000 $ .310,000 Business Promotional Events $ 20,000 S 519.000 ,S 510,000 $ ct 519,009 $ $35000 Marketing-Business Assistance $ 10,00 $ -00,000 S - 0 S 00,000 $ 110, 0 Historic Woman's Club of BB(eataint.preplpaint) $ , $ 127.712 $ ,. 160,000 $ .1 Marina Harbor Master BldgJSlips/Site knprv. $ _ --40,000 $ Ig}g0 S `•4)0,000 ,'�'. Professional Development Services(Arch.,Eng.,etc.) S .979 6 25,000 $ 100,500' $ . 110,000 -: " 90 Project Related Legal Services $ _,-,. $ 125,000 1 .136,000 $ . ..-434,593 ,.,,,,,e Community Caring Center Acquisition $ S 250.000 $ :250000 $ "250000 '250,000 Community Caring Center Relocation _ � Proceeds from sale of 711 N Federal Hwy $ 8 Proceeds from sale of Ocean Breeze East 2 $ ` j',,„,,,,t-,',-,.„' x ,..:. Development of Future Projects $ $ $ .1,035.600 $ 005,712, $ "3p0,712 Nonprofit Grant-Business/Housing $ ;.„ MMMM $ _56.000 $ ' .116,000 $,r 9601)0,.. Marina Dive/Tournament Event $ .. - S 10,000 4 10,100 $ .10,500 .S ,.10 006 Contingency $ 100,000 $ - $ - $ S -100.000 S - S - S - $ - $ UnencumberedRolowAmountesof7M91I011 $ 2.229,291 $ - $ - $ - Total Amount Alocated. $ 4,170.503 $ 7,291,603 I$ 7,291,603 I $ 8,621,094 T1RFA Payments $ 1,207,000 Work down to zero $ 44,500 $ - 4 - $ 10,728,094 1' (a)Model Block Rollover leer ED suggestion) $ 312,270 Total Project Fund Reallocated es follows: Model Block-Remaining Rollover S 137,270 To Property Acquisition S 175,000 S 312,270 2