CRA adopts fiscal year budget

[File Photo | News Bulletin]

CRESTVIEW — The Community Redevelopment Agency board has approved the final budget for the 2017-2018 fiscal year.

According to the final budget, projected revenue for the CRA during the 2017-2018 fiscal year is $1,333,387, which includes the 2016-2017 end-of-year balance forward in the amount of $1,144,387 and operational revenue in the amount of $189,000.

The year's expenditures will match revenue, and include $135,800 in CRA administration costs; CRA director education, training and conferences in the amount of $12,500; and CRA programs (economic revitalization, marketing, incentives and grants) in the amount of $1,185,087.

The expenditures are outlined as follows.

CRA ADMINISTRATION

  • Supplies: $5,000
  • Cellular service: $1,200
  • Contract services for the CRA director: $61,700
  • Legal services: $35,500
  • Accounting services: $5,000
  • Marketing: $11,000
  • Computer and website: $1,900
  • Meeting and travel: $15,000

CRA DIRECTOR TRAINING

  • Conferences, conventions and meetings: $3,500
  • CRA certification training: $5,000
  • Travel: $4,000

CRA PROGRAMS

  • Crestview Depot/welcome center: $150,000
  • Park segue and green park: $175,000
  • Dog park: $10,000
  • Land/building acquisition: $141,587
  • Mixed use residential/commercial development: $50,000
  • Asbestos mitigation: $30,000
  • Building code compliance upgrade: $30,000
  • Commercial investor property development: $55,000
  • Façade and building improvement: $50,000
  • CRA partnership incentive: $25,000
  • Low-interest CRA development loans: $50,000
  • CRA leasing incentive: $10,000
  • Parking, land, signage, buildings and security: $203,500
  • Community Development Block Grant/Grant matching, funding, leasing and partnerships: $205,000

CRA Commissioner Shannon Hayes made the motion to accept the budget Sept. 26, and Commissioner Doug Faircloth seconded the motion.

The budget was approved with all commissioners in favor, except Joe Blocker who was absent from the meeting.

This article originally appeared on Crestview News Bulletin: CRA adopts fiscal year budget