GREATER LEESBURG

COMMUNITY REDEVELOPMENT AGENCY

AGENDA MEMORANDUM

Meeting Date: September 14, 2009

From: Kenneth L. Thomas, Director of Housing & Economic

Development

Jerry Boop, Finance Director, CPA, CGFO

Subject: Resolutions Amending the Budget for Fiscal Year 2008-09 and Adopting the Budget for Fiscal Year 2009-10 for the Greater Leesburg Community Redevelopment Agency

Staff Recommendation:

Staff recommends approval of the amended budget for fiscal year 2008-09 and the budget for the fiscal year 2009-10 for the Greater Leesburg Community Redevelopment Agency.

Analysis:

As reflected in Attachment A, Fiscal Analysis for the four year period ending on July 31, 2009, projects a small carryover approximating $53,000 of fund balance that can be spent in fiscal year 2009-10 for the Main Street component. As shown in Attachment B, the total Funding appropriation proposed for the GLCRA for fiscal year 2009-10 is $579,173. The projects planned for this fiscal year are as follows:

Establish goals and time frames for necessary improvements within the area
Identify funding sources to fund necessary improvements

Options:

Approve the amended budget for fiscal year 2008-09 and the budget for fiscal year 2009-10 for the Greater Leesburg Community Redevelopment Agency; or

2. Such other action as directed by the CRA.

Fiscal Impact:

A budget is necessary to appropriate funds.

Submission Date and Time: 9/11/2009 12:00 PM____

Department: ______________________

Prepared by: ______________________

Attachments: Yes____ No ______

Advertised: ____Not Required ______

Dates: __________________________

Attorney Review : Yes___ No ____

_________________________________

Revised 6/10/04

Reviewed by: Dept. Head ________

Finance Dept. __________________

Deputy C.M. ___________________

Submitted by:

City Manager ___________________

Account No. _________________

Project No. ___________________

WF No. ______________________

Budget ______________________

Available _____________________