CARVER HEIGHTS/MONTCLAIR AREA

COMMUNITY REDEVELOPMENT AGENCY

                            

AGENDA MEMORANDUM

 

 

Meeting Date:           September 12, 2011

 

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

                                    Jerry Boop, Finance Director, CPA, CGFO   

 

Subject:                      Resolutions Amending the Budget for Fiscal Year 2010-11 and Adopting the Budget for Fiscal Year 2011-12 for the Carver Heights/ Montclair Area Community Redevelopment Agency

 

 

Staff Recommendation:

Staff recommends approval of the amended budget for fiscal year 2010-11 and the budget for fiscal year 2011-12 for the Carver Heights/ Montclair Area Community Redevelopment Agency.

 

Analysis:

As seen in Attachment A, Fiscal Analysis for the four year period ending August 31, 2011, there will be approximately $1,259,402 available that can be carried forward and spent in fiscal year 2011-12.  As shown in Attachment B, the total funding appropriation proposed for the Carver Heights/ Montclair Area CRA for fiscal year 2011-12 is $270,942.  The projects planned for the fiscal year are as follows:

 

 

 

Options:

1.  Approve the amended budget for fiscal year 2010-11 and the budget for fiscal year 2011-12 for the Carver Heights/ Montclair Area Community Redevelopment Agency;

2.  Such other action directed by CRA

 

 

Fiscal Impact

The budget is necessary to appropriate funds and complete the activities approved by the Community Redevelopment Agency.

 

 


 

 

 

Submission Date and Time:    9/8/2011 7:06 PM____

 

Department: _Finance______________

Prepared by:  _Brandy McDaniel______                      

Attachments:         Yes____   No ______

Advertised:   ____Not Required ______                     

Dates:   __________________________                     

Attorney Review :       Yes___  No ____

                                                 

_________________________________           

Revised 6/10/04

 

Reviewed by: Dept. Head __JB____

 

Finance  Dept. ___________JB__                                     

                              

Deputy C.M. ___________________                                                                         

Submitted by:

City Manager ___________________

 

Account No. _________________

 

Project No. ___________________

 

WF No. ______________________

 

Budget  ______________________

 

Available _____________________