Item Coversheet

5919 MAIN STREET .  NEW PORT RICHEY, FL 34652 . 727.853.1016


TO:Members of the Community Redevelopment Agency
FROM:Crystal S. Feast, Finance Director
DATE:5/12/2020
RE:Review of Budget vs. Actual Summary - Page 28

REQUEST:
Staff requests that City Council participate in a review of the Budget vs. Actual Report of the Community Redevelopment Agency, as of April 30, 2020.  Staff also asks that City Council review and approve a Budget Amendment to the FY2019-2020 CRA Budget. 


DISCUSSION:
The Finance Director will provide a status update of the Community Redevelopment Agency's financials by reviewing a Budget vs. Actual Report, as of April 30, 2020. Subsequently, a Budget Amendment will be presented for review and approval. 


RECOMMENDATION:
Staff recommends approval of the Budget Amendment to the FY2019-2020 CRA Budget. 


BUDGET / FISCAL IMPACT:
If approved, $591,378 will be added to the CRA's FY2019-2020 Budget to be reserved for future use. 
ATTACHMENTS:
DescriptionType
Budget vs. Actual ReportExhibit
Budget Amendment & SupportBudget Amendment