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CRA approves budget amendment showing prior-year expenses, carryforward
Summary
The Cedar Key CRA unanimously adopted resolution CRA 2024/25-02 amending the prior fiscal-year budget to reflect approved projects, debt service, and a carryforward of $30,839.75; counsel presented exhibit figures during discussion.
The Cedar Key Community Redevelopment Agency unanimously adopted a resolution amending its prior-year budget to reflect project expenditures, debt service and a modest carryforward.
CRA counsel presented exhibit figures and explained the worksheet showing a project/expense total displayed in the materials as "$1,000,008.00 $2,849.68," saying the figure represents approved projects, expenses and debt service for the year. Counsel told the board the calculations show a carry-forward of $30,839.75 into the next fiscal year. After a motion and second, members voted to adopt CRA Resolution CRA 2024/25-02 unanimously.
Board members agreed to revisit project-level allocations in future amendments as actual obligated-but-unexpected funds finalize. "That's the total expenses that we're showing for the year, and that total expense number includes all of our debt service, plus the projects and projects and expenses that y'all approved," counsel said during the presentation.
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