Jacksonville Beach CRA approves $24.9M year-end appropriations for downtown projects

The Jacksonville Beach Community Redevelopment Agency on Oct. 27 adopted Resolution 2026-01 to appropriate year-end funds for the Downtown Community Redevelopment District.

The appropriation implements a statutory requirement to allocate any remaining trust-fund balance at fiscal year end. Ashley, the agency’s chief financial officer, told the board that "this is the fiscal year 2025 year end appropriation, which is required by state statute." She said the agency projects a $24,900,000 fund balance at Sept. 30, of which about $18.5 million is tied to ongoing, awarded projects and about $6.5 million is for forward-looking projects over the next one to two years. Staff described items highlighted in the budget documents as "prospective" projects and noted examples such as engineering work for a phase project.

Board members asked staff to clarify the orange-highlighted items in the exhibit, and Ashley explained those items represent projects that are not yet awarded but are anticipated in the capital improvement program for 2026. The board used a roll call vote to approve the resolution. Recorded votes in favor included Ron Waddington, Megan Edwards, Todd Mosley, Kevin Myers and Gerard Pankow; the resolution passed.

The board’s approval directs staff to carry the specified appropriations into the downtown CIP and to publish the documentation as required by statute. Staff said the downtown allocations are consistent with the adopted capital-improvement program and the agency’s initial budget.

Agency staff and board members said they view the appropriation as a technical, year-end housekeeping action required to preserve funding and clarify which projects will be advanced next year.