Title
GCRA Fiscal Year 2021 Annual Report (B)
Explanation
The GCRA became a City of Gainesville department effective October 1, 2019. Per Ordinance No. 181001, sec. 2-407, the City of Gainesville and Alachua County Commissions must meet on or before April 1 of each calendar year to present an annual work plan and a report of the previous year’s activities.
This agenda item includes the 10 Year Reinvestment Plan and the Fiscal Year (FY) 2021 Annual Report, which summarizes the activities and year-end financials for FY 2021. This report will be distributed to the taxing authorities before the March 31 deadline and will be included on the February 15, 2022, GCRA Advisory Board and February 24, 2022, General Policy meeting agendas. The final presentation will be to a Joint City of Gainesville and Alachua County Commission meeting scheduled for March 2, 2022, to fulfill the agreement requirements between the two governing bodies.
Tax increment funds remain in the trust funds for the former Community Redevelopment Areas, and the GCRA will continue to report on those funds until they are spent to meet the requirements of F.S. Chapter 163. The Annual Report will be formatted as a mailer for easy distribution to the taxing authorities, district residents, and businesses. It will be posted to the GCRA website in perpetuity for accessibility.
Fiscal Note
None.
Recommendation
General Policy Committee hear a presentation on GCRA FY 2021 Annual Report and provide feedback.