Title
FY2012 Budget Resolution (B)
Explanation
Every September, the CRA Board adopts a budget for the next Fiscal Year. In preparation for budget adoption, each Advisory Board reviews a proposed budget and provides a recommendation to the CRA Executive Director that is then recommended to the CRA Board. The Fifth Avenue/Pleasant Street, Downtown and College Park/University Heights Advisory Boards have approved their respective budgets. The Eastside Advisory Board did not have quorum and was unable to approve their budget; however, appropriations to projects were made according to their approved strategic plan.
The budget is divided into five (5) general sections: 1) Revenues 2) Personal Services 3) Operating Expenses 4) Non-Operating Expenses and 5) Project Funding. Below are highlights from each section of the proposed FY2012 Budget for each Redevelopment Area:
1) Revenues
For FY2012, Tax Increment funding for the CRA (four combined Redevelopment Areas) is estimated to be $5,476,178, a decrease of 3.60% from FY2011.
2) Personal Services Expenses
Ten full-time employees and one temporary employee are included in FY2012. Most CRA staff provides shared-support across all CRA redevelopment areas in the functional areas of planning, project management, engineering, development finance, and budgeting. A portion of each staff person’s salary and benefits (i.e. Personal Services) is allocated to each redevelopment area, with the exception of the CPUH Project Manager, which is allocated 100% to the CPUH redevelopment area. Personal Services expense for CRA staff is $825,828.
Additionally, the CRA is supported by a City of Gainesville attorney and the City Clerk. Both spend a portion of their time directly supporting the CRA.
The total Personal Services expense for CRA is $909,138.
3) Operating Expenses
The total proposed FY2012 operating expense is $316,033. Operating expenses cover general overhead expenses that are requi...
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