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HomeMy WebLinkAboutCRA-R-16-0010 Financial FormAGENDA ITEM FINANCIAL INFORMATION FORM CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENCY SEOPW CRA CRA Board Meeting Date; March 30, 2016 CRA Section: Finance SUPPORTING DOCUMENTATION Brief description of CRA Agenda Item: Authorizing a grant, in an amount not to exceed $250,000, to Headliner Market group, Inc. to underwrite costs associated with the production of the 2016 Overtown Music & Arts Festival scheduled to occur on July 23, 2016. Project Number (if applicable): DYES, there Account Code: are sufficient funds in Line Item: 10050.920101.531010.0000.00000 (SEOPW) Amount: $250,000.00 ❑ NO Amount Balance Amount Sufficient funds (Complete the following source of funds information): budgeted in the line item: $ in the line item: $ needed in the line item: $ will be transferred from the following line items; ACTION ACCOUNT NUMBER TOTAL Project No./Index/Minor Object From $ To $ From $ To $ Comments: Funds derived from a County grant awarded in 2013 in the amount of $20,000. Additionally, the Knight Foundation awarded $50,000 for the 2016's event. The remaining balance in the amount of $180,000 derived from 2016 TIF Revenue. Approved by: xecutive Director/Designee Veri cjby Financial urn der: U, Date: -3G 1 1 i APPROVAL Date: