FY 2009 Clermont Community Redevelopment Agency
Annual Report
Fiscal Year Ending September 30, 2009
History
The Downtown Clermont Community
Redevelopment Agency (CRA) was created on FY 2009
May 27, 1997 through the adoption of Resolution Revenues
No. 950 by the City Council of the City of Taxes $ 308,761
Clermont, Florida. Investment Earnings 2,611
Total Revenues $ 311,372
Since its inception, the taxable value of the Expenditures $ 38,022
downtown redevelopment area has increased over Excess Revenues Over Expenditures 273,350
$38.4 million from just over $14.9 to over $53.3
million. Revenues in excess of $1.4 million have Beginning Fund Balance $ 907,346
been received to date funding various revitalization Ending Fund Balance $1,180,696
projects over the years.
Assessed ` Value Assets
v YILLG Cash & Cash Equivalent's $1,180,696
'60 '60 Investments 0
-
Total Assets $1,180,696
50
40 __. _ II Liabilities 0
20 _tri—i•i_ 30 Total Liabilities & Fund Balance $1,180,696
]0
i
o __,,_ , _-T----1.. Financial Update
1996 1948 2000 2002 2004 2006 2008 As of September 30, 2009 the CRA Fund had a
balance of $1,180,696. Revenues received in 2009
Project Information totaled over $311,000. Expenditures in 2009
The Streetscape project, intended to improve the included installation of decorative fencing around
Center Lake. The balance of funds is being
aesthetics and pedestrian access to the historic accumulated for the comprehensive streetscape
downtown area, includes the construction of new
sidewalks, landscape islands with native, drought project.
tolerant plant species, period street lights and
decorative intersection and cross walk designs. The detailed financial information related to the
Recent additional CRA is contained within the Comprehensive
features such as the Annual Financial
Report (CA FR) of the
relocation of all overhead • City of Clermont and
power lints underground
have been in the design has been audited by an
P_ ::
stage. In order to independent auditor.
minimize the disruption The chart above
to local businesses and includes a summary of
interruptions in utility revenues, expenditures
services, all the various
and fund balance for
2009
streetsc ape improvement 11"" �1 :��iir 1111111iiii01 l i Ml II
Fi
w ell l as Y thear as e assets of the
projects are being 1111 i I r' d. For more
consolidated into one Ill 11 11111.1 111ii',.
fun
comprehensive -ill• infor please refer
- - - -- to the City of Clermont
construction project ..+
scheduled to begin in CAFR.
2012.
i
Clermont CRA Annual Report Fiscal Year Ending September 30, 2009