COMMUNITY REDEVELOPMENT AGENCY
Item No: 3A.
Meeting Date: September 10, 2012
From: Ken L. Thomas, Director of Housing & Economic Development
Bill Spinelli, Finance Director, CPA
Subject: Resolutions Amending the Budget for Fiscal Year 2011-12 and Adopting the Budget for Fiscal Year 2012-13 for the Greater Leesburg Community Redevelopment Agency
Staff recommends approval of the amended budget for fiscal year 2011-12 and the budget for the fiscal year 2012-13 for the Greater Leesburg Community Redevelopment Agency.
As reflected in Attachment A, Fiscal Analysis for the four year period ending August 31, 2012 projects a carryover approximating $325,631 of fund balance that can be spent in fiscal year 2012-13 for the Main Street component. As shown in Attachment B, the total funding appropriation proposed for the GLCRA for fiscal year 2012-13 is $360,431. The projects planned for this fiscal year are as follows:
1. Approve the amended budget for fiscal year 2011-12 and the budget for fiscal year 2012-13 for the Greater Leesburg Community Redevelopment Agency; or
2. Such other action as directed by the CRA
The budget is necessary to appropriate funds and complete the activities approved by the Community Redevelopment Agency.
Prepared by: ______________________
Attachments: Yes____ No ______
Advertised: ____Not Required ______
Attorney Review : Yes___ No ____
Reviewed by: Dept. Head ________
Finance Dept. __________________
Deputy C.M. ___________________
City Manager ___________________
Account No. _________________
Project No. ___________________
WF No. ______________________