HomeMy WebLinkAboutMCRA-R-12-0003 04-26-12 Cover MemoMidtown Board of Commissioners Meeting
April 26, 2012
MIDTOWN
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Francis Suarez
and Members of the CRA Board
From: Pieter A. Bockweg
Assistant Director
Date: April 20, 2012 File: 12-00406
Subject: Amended FY2012 Special Revenue Fund
Budget and General Operating Budget
References:
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the Midtown Community Redevelopment Agency
("CRA") adopt the attached Resolution approving and adopting the Second Amended Special Revenue Fund
Budget and General Operating Budget for the fiscal year commencing October 1, 2011 and ending September
30, 2012.
JUSTIFICATION:
The Board of Commissioners, by Resolution No. MCRA-R-11-0006, passed and adopted on July 28, 2011,
approved and adopted the Special Revenue Fund Budget and General Operating Budget for Fiscal Year 2012
based on estimates of tax increment funds to be received in January 2012. The budget has been amended to
reflect the amount of tax increment funds actually received.
The Board of Commissioners, by Resolution No. MCRA-R-12-0001, passed and adopted on February 27, 2012,
approved and adopted the Amended Special Revenue Fund Budget and General Operating Budget for Fiscal
Year 2012 based the amount of tax increment funds actually received.
As requested by Miami Dade County and per the Interlocal Cooperation Agreement, dated June 30, 2005, the
Second Amended Special Revenue Fund Budget and General Operating Budget for Fiscal Year 2012, now
reflects the funds that were listed under line item "Other Grants and Aids", has been removed and allocated to
the line item for "Administration".