Submitted By: Gus Gianikas
presenter
Presentation By: Aubrey Hale
end
Department: Growth Management
STAFF RECOMMENDATION (Motion Ready):
title
Approve Ocala Community Redevelopment Agency Fiscal Year 2022 Annual Report
end
OCALA'S RELEVANT STRATEGIC GOALS:
Economic Hub.
PROOF OF PUBLICATION:
N/A
body
BACKGROUND:
Section 163.371 of the Florida Statues (FS) specifies the annual reporting requirements for Community Redevelopment Agencies (CRAs). A CRA must file an annual report with the county or municipality that created the agency and publish the report on the agency's website. The report must include the following information:
1. Audit - The most recent complete audit report of the redevelopment trust fund as required in FS 163.387(8).
2. Performance data for CRA including the:
1. Total number of projects started and completed and the estimated cost for each project.
2. Total expenditures from the redevelopment trust fund.
3. Original assessed real property values within the community redevelopment agency's area of authority as of the day the agency was created.
4. Total assessed real property values of property within the boundaries of the community redevelopment agency as of January 1 of the reporting year.
5. Total amount expended for affordable housing for low-income and middle-income residents.
3. Plan Goals & Objectives - A summary indicating the extent to which the community redevelopment agency has achieved the goals and objectives set out in its community redevelopment plan.
The above three items are addressed in two separate documents.
Document 1 - Audit In previous years, the CRA audit and financial statements were done as a part of the City's Annual Comprehensive Finance Report. Starting in FY 2020, the CRA had a stand-alone, independent audit performed. The independent audit will be reviewed by the Audit Committee.
Document 2 - Performance Data & Plan Goals & Objectives These two items are contained in the attach...
Click here for full text