The year's expenditures will match revenue, and include $135,800 in CRA administration costs
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CRESTVIEW — The Community Redevelopment Agency board has approved the final budget for the 2017-2018 fiscal year.
According to the final budget, projected revenue for the CRA during the 2017-2018 fiscal year is $1,333,387, which includes the 2016-2017 end-of-year balance forward in the amount of $1,144,387 and operational revenue in the amount of $189,000.
The year's expenditures will match revenue, and include $135,800 in CRA administration costs; CRA director education, training and conferences in the amount of $12,500; and CRA programs (economic revitalization, marketing, incentives and grants) in the amount of $1,185,087.
The expenditures are outlined as follows.
CRA ADMINISTRATION
CRA DIRECTOR TRAINING
CRA PROGRAMS
CRA Commissioner Shannon Hayes made the motion to accept the budget Sept. 26, and Commissioner Doug Faircloth seconded the motion.
The budget was approved with all commissioners in favor, except Joe Blocker who was absent from the meeting.