CRA Comprehensive Report - 2018 to 2024

CRA (5 YEAR) COMPREHENSIVE REPORT DAYTONABEACH.GOV/REDEVELOPMENT

5 YEAR CRA Comprehensive Report | A | Return to Table of Contents

2 | MAYOR’S MESSAGE 3 | GENERAL CRA INFO 4 | CRA BOARD 5 | MISSION & GOALS 6 | OVERVIEW OF CRA AREAS 10 | BALLOUGH ROAD REDEVELOPMENT AREA Accomplishments, Priorities, Grants and 2023–24 Financial Snapshot 20 | DOWNTOWN REDEVELOPMENT AREA Accomplishments, Priorities, Grants and 2023–24 Financial Snapshot 34 | MAIN STREET REDEVELOPMENT AREA Accomplishments, Priorities, Grants and 2023–24 Financial Snapshot 54 | MIDTOWN REDEVELOPMENT AREA Accomplishments, Priorities, Grants and 2023–24 Financial Snapshot 66 | SOUTH ATLANTIC REDEVELOPMENT AREA Accomplishments, Priorities, Grants and 2023–24 Financial Snapshot 78 | FINANCIAL STATEMENTS (2019-2024) TABLE OF CONTENTS

5 YEAR CRA Comprehensive Report | 1 | Return to Table of Contents

MESSAGE FROM MAYOR DERRICK L. HENRY Community Redevelopment Areas (CRAs) are one of the most important tools we have to reinvest in Daytona Beach’s neighborhoods and commercial corridors. By law, every additional dollar of property tax value generated in a CRA must stay in the same area as it was generated. In Daytona Beach, our five CRAs – Ballough Road, Downtown, Main Street, Midtown and South Atlantic – together cover less than 4% of the city’s land area, yet they are our most promising opportunities for economic development. Our CRAs exist for one reason: to create places where people want to live, work, invest and visit. The careful stewardship of tax-increment funds is part of a long-term strategy to strengthen Daytona Beach’s economic foundation while honoring its history and culture. I am proud of the progress we have made together and

grateful to my peers on the CRA Board, our staff team, residents and our many community partners for their tireless work. We are investing in projects that position our CRAs for future growth. At the same time, targeted grants from hurricane recovery assistance for residents and small businesses to ongoing facade, landscape and commercial improvement programs are helping property owners upgrade buildings, preserve historic structures and bring new life to our commercial corridors. The Redevelopment and Neighborhood Services team, led by Director Ken Thomas, is committed to progress and has been intentional about addressing concerns and moving projects forward. We will continue to use every resource available to attract quality investment, support local businesses, expand housing opportunities and enhance quality of life in each of our redevelopment areas. Thank you for your continued support and belief in the future of world-famous Daytona Beach.

DaytonaBeach.gov/Redevelopment

GENERAL CRA INFO UNDERSTANDING FLORIDA STATUTE 163.370 Florida Statute 163.370 gives counties, cities and their Community Redevelopment Agencies (CRAs) the authority to improve areas that are underdeveloped or blighted. It allows CRAs to plan and carry out redevelopment projects, including: • Buying or leasing property within a CRA to support redevelopment efforts. • Repairing, rehabilitating or removing buildings and other structures. • Building or improving streets, utilities, parks and other public infrastructure. • Accepting grants, loans or contributions from public and private sources. • Conducting inspections, surveys or tests needed for redevelopment. 163.370 provides the tools for CRAs to revitalize communities, while ensuring transparency, fairness and compliance with legal requirements. PERMITTED AND PROHIBITED USES OF CRA FUNDS CRA funds are strictly limited to activities, projects and programs that are part of the approved community redevelopment plan. They cannot be used for: • Construction or expansion of administrative buildings, or police and fire facilities, unless specifically included in the redevelopment plan. • Publicly owned capital improvements or projects that were already scheduled under a previously approved capital improvement plan, unless they have been removed from the schedule and at least three years have passed. • General government operating expenses unrelated to implementing the redevelopment plan. • Projects or programs outside the redevelopment area, board-member compensation for serving on the CRA board, or any other uses not specifically authorized in the plan. CRA funds must be used for redevelopment-related purposes within the approved plan and cannot serve as a general funding source for routine government operations or unrelated public projects.

5 YEAR CRA Comprehensive Report | 3 | Return to Table of Contents

The City of Daytona Beach’s Community Redevelopment Agency (CRA) plays a key role in advancing revitalization efforts within designated redevelopment areas. The CRA Board, composed of the City Commission, works collaboratively to fund, implement and oversee projects that enhance quality of life and support economic development. Zone 1 Commissioner Monica Paris Zone 2 Commissioner Ken Strickland Zone 3 Commissioner Quanita May Zone 4 Commissioner Stacy Cantu Zone 5 Commissioner Dannette Henry Zone 6 Commissioner Paula R. Reed MEET THE CRA BOARD Members of the CRA Board Include: Mayor Derrick L. Henry

The board meets regularly to review budgets, approve projects and guide the implementation of redevelopment plans across Daytona Beach’s five Community Redevelopment Areas.

Citizens and staff are encouraged to stay informed and engaged. CRA meeting agendas, minutes and livestreams are available online. DaytonaBeach.gov/Agendas

The City of Daytona Beach City Commission serves as the Community Redevelopment Agency (CRA). The CRA is responsible for approving the annual CRA budget, funding redevelopment projects and programs and overseeing the implementation of the five adopted Redevelopment Plans. The CRA meets at least quarterly and may call special meetings or workshops as needed to carry out its responsibilities. All meetings are held in the City Commission Chambers at City Hall. CRA MISSION & GOALS

Staff Listing

Board Listing

Deric C. Feacher City Manager 386-671-8010

Downtown & Ballough Rd. Redevelopment: Meet first Tues. of each month Pete Zahn (Chair), Cherly Cook, John Tone Scott Lawson and Mark Karet

Ken Thomas, MPA, FRA-RA Director of Redevelopment & Neighborhood Services 386-671-8188 Michele Toliver, FRA-RA Redevelopment Project Manager 386-671-8185 Angela Armstrong, FRA-RA Redevelopment Project Manager 386-671-8196

Beachside Redevelopment: Includes Main & S. Atlantic Meet second Wed. of each month

Amy Pyle (Chair), Gary Koliopulos (Vice Chair), Tom Caffrey, Timothy Kostidakis, William Bittorf, Helen Humphreys, Laura Murphy and Vernon Weatherholtz (Ex-Officio) Midtown Redevelopment Meet second Tues. of each month Eddie Lake (Chair), Lynn Thompson (Vice Chair), Tangela Brown Hardy, Cathy Washington, Davita Bonner, Joan Sheppard and Renee Richardson

Phebe Fuqua, FRA-RA Redevelopment Project Manager 386-671-8127

5 YEAR CRA Comprehensive Report | 5 | Return to Table of Contents

Redevelopment A CRA

Ballough Ro Downtown Main Street Midtown Re South Atlan

VERMONT AV

GOODALL ST

BRADDOCK AV

REVILO BLVD

RIBAULT AV

CR 4050 (SILVER BEACH AV)

BOSTWICK AV

HILLSIDE AV

OCEAN DUNES RD

DUNDEE RD

Miles

TENNY DR

Redevelopment Areas CRA

5 CRAs REVILO BLVD VERMONT AV BRADDOCK AV GOODALL ST VERMONT AV

Ballough Road Redevelopment Area Downtown Redevelopment Area Main Street Redevelopment Area Midtown Redevelopment Area South Atlantic Redevelopment Area

RIBAULT AV

CR 4050 (SILVER BEACH AV)

BOSTWICK AV

HILLSIDE AV

REDEVELOPMENT AREA

The City of Daytona Beach includes five designated Community Redevelopment Agency Areas (CRAs). The boundaries of each CRA were established through a Finding of Blight study and are outlined in a Community Redevelopment Plan approved by the City Commission. These plans detail the specific redevelopment goals, policies and objectives for each area, as well as the projects and programs intended to drive revitalization.

Revenue generated from increases in property values within each CRA is reinvested directly back into projects and programs within the same area.

The City of Daytona Beach covers approximately 44,507 acres, with the combined total of the five CRAs accounting for 1,755 acres—less than 4% of the city’s total area.

5 YEAR CRA Comprehensive Report | 7 | Return to Table of Contents

Redevelopment Areas CRA

5 CRAs REVILO BLVD VERMONT AV BRADDOCK AV GOODALL ST VERMONT AV

Ballough Road Redevelopment Area Downtown Redevelopment Area Main Street Redevelopment Area Midtown Redevelopment Area South Atlantic Redevelopment Area

RIBAULT AV

CR 4050 (SILVER BEACH AV)

The DOWNTOWN REDEVELOPMENT AREA is located on the mainland, between the railroad tracks and the Intercoastal Waterway, between Fairview Avenue and South Street, as indicated on the following map in red: the City of Daytona Beach. This fund is numbered 132: Redevelopment – Ballough Road. Redevelopment Plan: Amended August 4, 2010 The finances of the Ballough Road Redevelopment Area are recorded in a separate fund in the general ledger of The BALLOUGH ROAD REDEVELOPMENT AREA is located on the mainland, between Second Street and Fairview Avenue, between Riverside Drive and the Intercoastal Waterway, as indicated on the following map in blue.

BOSTWICK AV

HILLSIDE AV

OCEAN DUNES RD

Daytona These

Beach

Map

Disc

maps an produced by the City of Daytona Beach They are provided for reference o and are not intended to show map s accuracy or all inclusive map featu were developed As indicated, the accuracy of the m has not been verified and it should used for informational purposes on Any possible discrepancies should brought to the attention of City Engine and or Development Services. Projection: GCS_North_American_1983. Map Produced by James R. Benderson, Principal P

DUNDEE RD

20Miles

TENNY DR

1 inch = 2.27 miles

The finances of the Downtown Redevelopment Area are recorded in a separate fund in the general ledger of the City of Daytona Beach. This fund is numbered 130: Redevelopment – Downtown. Redevelopment Plan: Amended August 4, 2010

DaytonaBeach.gov/Redevelopment

The MAIN STREET REDEVELOPMENT AREA is located on the beachside, between the Atlantic Ocean and the Intercoastal Waterway, between Oakridge Boulevard and International Speedway Boulevard, as indicated on the provided map. The finances of the Main Street Redevelopment Area are recorded in a separate fund in the general ledger of the City of Daytona Beach. This fund is numbered 131: Redevelopment – Main Street. Redevelopment Plan: Amended February 15, 2012 The MIDTOWN REDEVELOPMENT AREA is located on the mainland, between the railroad tracks on the east and extending to the west as far as Frederick Avenue to the west, between a little north of George W. Engram Boulevard to Shady Place, as indicated on the provided map in green. The finances of the Midtown Redevelopment Area are recorded in a separate fund in the general ledger of the City of Daytona Beach. This fund is numbered 133: Redevelopment – Midtown. Redevelopment Plan: Amended December 19, 2012 The SOUTH ATLANTIC REDEVELOPMENT AREA is located on the beachside, between International Speedway on the north, extending slightly south of Silver Beach Avenue to the south. It primarily runs along the Atlantic Ocean, as indicated on the provided map in orange. The finances of the South Atlantic Redevelopment Area are recorded in a separate fund in the general ledger of the City of Daytona Beach. This fund is numbered 134: Redevelopment - South Atlantic. Redevelopment Plan: Amended December 18, 2013

5 YEAR CRA Comprehensive Report | 9 | Return to Table of Contents

ACCOMPLISHMENTS BALLOUGH CORRIDOR STREETSCAPE & INFRASTRUCTURE (2020–2021) Location: Ballough Road Corridor, Halifax Harbor North Reconstruction and streetscape improvements included new sidewalks, ADA ramps, lane adjustments, resurfacing, drainage upgrades and enhanced safety lighting. Intersection improvements at ISB-Ballough provided gateway beautification and traffic flow improvements.

BALLOUGH STREETSCAPE/BEAUTIFICATION CRA Funds Allocated: $100,586 (2020) | $132,519 (2021) BALLOUGH BRIDGE/STREETSCAPE CRA Funds Allocated: $118,343 (2021) SWHTR-SICKLER DR. (SWEETHEART TRAIL) CRA Funds Allocated: $35,064 (2019) BALLOUGH RD BRIDGE MAINTENANCE CRA Funds Allocated: $16,257 (2020)

DaytonaBeach.gov/Redevelopment

FUTURE PRIORITIES BALLOUGH FOUR-POINT ROUNDABOUT Location: Ballough Road Corridor, Halifax Harbor North Planned to improve traffic flow and support mixed-use redevelopment. COMMERCIAL CORRIDOR REVITALIZATION Location: Ballough Road Corridor Facade upgrades and business support along Ballough Road. Attracted marine, arts, dining and entertainment concepts. PARCEL ACQUISITION STRATEGY Location: Ballough Road Corridor CRA exploring acquisition of parcels to pursue mixed-use entertainment areas, waterfront dining & nightlife, river-view housing, marina-side development and retail/cultural spaces. POTENTIAL HOLLY HILL CRA COLLABORATION Location: Ballough Road Corridor / Riverfront Areas Joint initiative to create a unified riverfront entertainment and economic corridor, including shared events, business recruitment, street and trail connectivity and waterfront tourism development

HOUSING & NEIGHBORHOOD REVITALIZATION Location: Ballough Road Corridor, Ridgewood, Canal/Riverfront Areas

Planning for mixed-use residential units along the river and canal, workforce and market-rate housing and blight removal/cleanup along Ridgewood benefiting the Ballough gateway. PUBLIC SAFETY & QUALITY OF LIFE Location: Ballough Road Corridor Safety enhancements including strategic lighting installations and coordination with Daytona Police for patrol alignment. Keith Gold Policing Survey recommendations implemented: increased visibility, strategic lighting, environmental redesign and business corridor monitoring.

5 YEAR CRA Comprehensive Report | 11 | Return to Table of Contents

BALLOUGH ROAD WATERFRONT REDEVELOPMENT ZONE Location: Ballough Road Corridor, Riverfront Areas Planned entertainment area with riverfront dining, rooftop venues, galleries, breweries, boutique retail and canal-front residential/mixed-use projects. MARINA VILLAGE & NORTH BEACH STREET CATALYST AREA Location: Marina Village / North Beach Street Target site for marine-based businesses, tech innovation and waterfront experiences. GRANTS BALLOUGH The Ballough CRA issued no grant expenditures from fiscal years 2015 through 2021. In fiscal year 2022, the CRA awarded a $5,000 commercial facade grant to Slowpaw LLC. In fiscal year 2023, Community Initiatives received two payments totaling $6,000. In fiscal year 2024, the CRA awarded a $6,498.50 landscape grant to Suncoast Non Emergency for Walter Hill. No grants have been issued to date in fiscal year 2025.

The cumulative grant total for the period is $17,498.50.

DaytonaBeach.gov/Redevelopment

5 YEAR CRA Comprehensive Report | 13 | Return to Table of Contents

FINANCIALS (2023/24)

The BALLOUGH ROAD REDEVELOPMENT AREA is located on the mainland, between Second Street and Fairview Avenue, between Riverside Drive and the Intercoastal Waterway, as indicated on the following map in blue.

The finances of the Ballough Road Redevelopment Area are recorded in a separate fund in the general ledger of the City of Daytona Beach.

This fund is numbered 132: Redevelopment – Ballough Road.

DaytonaBeach.gov/Redevelopment

REVENUES

The primary revenue of the Ballough Road Redevelopment Area is generated by the portion of property taxes determined by taxable property values above the base level of $9,086,882 established when the CRA was created in 1985, as generated by the City of Daytona Beach, Volusia County and Halifax Hospital. In FY 2023/24, the CRA’s TIF revenues totaled $258,302.68. The budgeted equivalent TIF revenues for the current year total $286,242.

$35

The provided chart indicates the total taxable value, segregated into the base and increment. The base represents the taxable value when the CRA was established in 1985.

$30

$25

Increment Base

$20

$15

$10

The area is scheduled to expire in 2036.

FY 2017/18

FY 2018/19

FY 2019/20

FY 2020/21

FY 2021/22

FY 2022/23

FY 2023/24

EXPENDITURES - FUND 132

The expenditures for FY 2023/24 included the following: • $95,421.05 for personal services and benefits • $42,905.01 for a developer grant – TIF agreement payment

• $20,285.33 for operating expenditures. The largest operating expenditures were for grant expenditures ($8,998.50), information systems internal charges ($4,862.19), car allowance ($3,078.75), employment services internal charges ($637.50), printing & binding ($532.76) and professional services - other ($500.00).

5 YEAR CRA Comprehensive Report | 15 | Return to Table of Contents

City of Daytona Beach, FL CRA Financial Summary Data FINANCIAL SUMMARY BALLOUGH

BALLOUGH ROAD

2019 ACTUAL

2020 ACTUAL 2021 ACTUAL 2022 ACTUAL 2023 ACTUAL 2024 ACTUAL 2025 ACTUAL*

INTERGOVERNMENTAL CHARGES FOR SERVICE LICENSES & PERMITS INCOME ON INVESTMENTS

97,721

107,219

113,404

116,686

124,265

138,577

145,901

- -

8,155

4,496

2,506

5,655

48,868

62,258

29,033

MISC

105,876 $

111,715 $

115,910 $

122,341 $

173,133 $

200,835 $

174,934

OPERATING

68,916 36,164

73,177 100,587

50,359 250,863

57,907

94,682

158,612

235,266

CAPITAL OUTLAY

105,080 $

173,764 $

301,222 $

57,907 $

94,682 $

158,612 $

235,266

ISSUANCE OF DEBT

TRANSFERS IN

91,393

96,083

92,100

92,225

106,018

119,725

140,341

TRANSFERS (OUT) - DEBT SERVICES

91,393

96,083

92,100

92,225

106,018

119,725

140,341

NET CHANGE IN FUND BALANCE

92,189

34,034

(93,212)

156,659 $

184,469 $

161,948 $

80,009

FUND BALANCE BEGINNING

City of Daytona Beach, Florida Budget Summary, Fund Level

1,448,480 1,540,669 1,540,669 1,574,703

1,574,703 1,481,491

1,481,491 1,638,150 1,638,150 1,822,619

1,822,619

1,984,567

ENDING

1,984,567 2,064,576.00

FUND SUMMARY

*As of 12/05/2025, FY 2025 amounts are preliminary and have not been finalized or audited REDEVELOPMENT - BALLOUGH ROAD

FUND NUMBER 132

ADOPTED BUDGET

AMENDED BUDGET

$388.7K

EXPENSE

REVENUE

YTD TOTAL

FINAL PROJECTION

YTD TOTAL

FINAL PROJECTION

Sources: 2019 2020 CoDB ACFR, 2021 - 2024 CRA Audited Financial Statments, 2025 Trial Balance Report

$24.9K

$124.8K

VARIANCE $

VARIANCE %

VARIANCE $

VARIANCE %

$263.9K

67.90%

$388.7K

100.00%

BURN RATE *

ENCUMBERANCES

YTD Expense by Category

225

2.13%

YTD Actual to Budget

$120,000.00

PERSONNEL SERVICES 79%

$100,000.00

CAPITAL 0%

$80,000.00

$60,000.00

OPERATING 21%

$40,000.00

$20,000.00

OTHER EXPENSES 0%

October

November

December

Actual

Budget

DaytonaBeach.gov/Redevelopment Executive Notes: 1. Majority of budgeted revenues are from Ad Valorem tax payments. Historically, these payments are not posted until December of the fiscal year. As of this report, they have not been posted. 2. Prior year project budget will be amended at a later date after fiscal year has been closed. As of this report the following projects has funds available to roll from FY 2025: 150903 - BALLOUGH STREETSCAPE/BEAUTIFICATION: $115,561.76 602308 - NORTH BEACH ST IMPROVEMENTS : $350,000.00

Projection Detail by Account PROJECTION DETAIL BALLOUGH

Adopted Budget

Amended Budget

Year to Date

Monthly Average

Projected Ending Balance

Variance Amount

Variance Percentage

Account Number

Account Description

132-150001-552-546999-000000 NON CAPITAL FROM CAPITAL 132-150001-552-561000-151006 LAND ACQUISITION 132-150001-552-565000-150903 CONSTRUCTION IN PROGRESS 132-150001-552-565000-151109 CONSTRUCTION IN PROGRESS 132-150001-552-565999-000000 CAPITAL OUTLAY RECLASSIFY 132-150001-554-561000-151006 LAND ACQUISITION 132-150230-552-512001-000000 REGULAR SALARIES & WAGES 132-150230-552-512004-000000 PERSONAL LEAVE PAYOFF 132-150230-552-522004-000000 GENERAL EMPLOYEE RETIREMENT 132-150230-552-522005-000000 STATE RETIREMENT 132-150230-552-522006-000000 DEFERRED COMP CONTRIBUTION 132-150230-552-523008-000000 GROUP HEALTH INSURANCE 132-150230-552-523009-000000 GROUP LIFE INSURANCE 132-150230-552-524001-000000 WORKERS' COMPENSATION 132-150230-552-531900-000000 PROF SERV - OTHER 132-150230-552-521001-000000 FICA TAXES 132-150230-552-523001-000000 AD & D 132-150230-552-532001-000000 ACCOUNTING & AUDITING 132-150230-552-534006-000000 DEMOLTIONS AND CONDEMNATIONS 132-150230-552-540001-000000 CAR ALLOWANCE 132-150230-552-541001-000000 CELL PHONE STIPEND 132-150230-552-543001-000000 UTILITIES - ELECTRICITY 132-150230-552-543003-000000 UTILITIES - WATER & SEWER 132-150230-552-546001-000000 MAINTENANCE AND REPAIR 132-150230-552-547001-000000 PRINTING & BINDING 132-150230-552-549401-000000 FACADE GRANT 132-150230-552-549501-000000 SAFETY ADMINISTRATION 132-150230-552-549502-000000 EMPLOYEE BENFITS ADMIN 132-150230-552-549503-000000 EMPLOYMENT SERVICES 132-150230-552-549702-000000 FIXED COST - INFO SYS 132-150230-552-551001-000000 OFFICE SUPPLIES 132-150230-552-555001-000000 EDUCATION AND TRAINING 132-150230-552-599001-000000 CONTINGENCY 132-600000-541-546999-000000 NON CAPITAL FROM CAPITAL 132-600000-541-565000-602308 CONSTRUCTION IN PROGRESS 132-600000-541-565999-000000 CAPITAL OUTLAY RECLASSIFY

- - - - -

- - - - - -

0.00%

255,767.00

255,767.00 100.00%

- - - -

0.00% 0.00% 0.00% 0.00%

255,767.35

32,799.51 32,800.00 14,002.37 4,667.46

76,193.01 (43,393.01)

-132.30%

0.00%

2,509.16 2,509.00

1,081.13 360.38

5,072.51 (2,563.51)

-102.17%

0.00%

4,601.77 4,602.00

2,834.20 944.73

13,726.27 (9,124.27)

-198.27%

300.00

300.00 100.00%

7.87

8.00

2.32

0.77

9.28

(1.28)

-16.00% -86.65% -14.05%

4,433.52 4,434.00

1,721.88 573.96

8,275.84 (3,841.84)

43.30 256.01

43.00 256.00

12.26

4.09

49.04

(6.04)

- - - -

256.00 100.00% 4,659.00 100.00% 250.00 100.00%

4,659.18 4,659.00

250.00

0.00% -57.46% -140.69% 32.80%

1,560.00 1,560.00

570.00 190.00 86.15 28.72 30.90 10.30

2,456.35 519.88 201.59

(896.35) (303.88)

216.00 300.00

98.41

- -

- - -

- -

0.00% 0.00%

548.00

548.00 100.00%

19,651.00 19,651.00

4,350.00 1,450.00

17,400.00 2,251.00

11.45%

132-150230-552-549402-000000 DEV GT-TIF AGREEMENT PAYMENT 49,038.55

49,039.00

49,039.00 100.00%

126.28 119.72 652.71

126.00 120.00

40.92 13.64 36.93 12.31

189.19 170.60 525.29

(63.19) (50.60) 127.71

-50.15% -42.16% 19.56%

653.00 113.55 37.85

10,500.47 10,500.00

- - - - - - - -

10,500.00 100.00% 350.00 100.00%

350.00

- - - - - -

0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

132-999000-599-599999-000000 RESERVES

Grand Total

388,690.40 388,691.00 24,882.61 8,294.20

124,788.84 263,902.16

As of 12/8/2025

Executive Notes: 1. Majority of budgeted revenues are from Ad Valorem tax payments. Historically, these payments are not posted until December of the fiscal year. As of this report, they have not been posted. 2. Prior year project budget will be amended at a later date after fiscal year has been closed. As of this report the following projects has funds available to roll from FY 2025: 150903 - BALLOUGH STREETSCAPE/BEAUTIFICATION: $115,561.76

602308 - NORTH BEACH ST IMPROVEMENTS : $350,000.00 151109 - BALLOUGH BRIDGE/STREETSCAPE $369,354.17 151006 - LAND ACQUISITION: $1,145,488.86 TOTAL TO ROLL: $1,980,404.79

* Burn Rate: The percentage of budget spent relative to the percentage of the fiscal year elapsed; tells you how quickly a fund is spending its approved budget compared to how far we are in to the fiscal year.

5 YEAR CRA Comprehensive Report | 17 | Return to Table of Contents

ADOPTED BUDGET BALLOUGH The City of Daytona Beach, Florida Ballough Road CRA - Line Item Adopted Budget Detail

Object *

Description

2026

512001 - Regular Salaries & Wages

$ 131,747.25 $ 10,078.66 $ 27,758.55

521001 - Fica Taxes

522005 - State Retirement

522006 - Deferred Comp Contribution 522006 - Deferred Comp Contribution 523008 - Group Health Insurance 523009 - Group Life Insurance 524001 - Workers' Compensation (IS) 523001 - Ad & D 531900 - Prof Serv - Other 532001 - Accounting & Auditing 540001 - Car Allowance 541001 - Cell Phone Stipend 543001 - Utilities - Electricity 547001 - Printing & Binding 534006 - Demoltions And Condemnations 549401 - Facade Grant DOWNTOWN CRA Account Number 549402 - Dev Gt-Tif Agreement Payment CITY OF DAYTONA BEACH, FLORIDA CRA PROJECT FUNDING

Executive Benefit - Ken Thomas Executive Benefit - Jeff Brown

$ $ $ $ $ $ $ $ $ $ $ $

250.00

50.00 31.62

$ 19,173.33

173.91

1,028.33 4,659.18

CRA AUDIT AND REPORT ACFR Demolition & Condemnations

250.00

4,680.00

723.00 300.00 548.00

REDEV - BALLOUGH ROAD ~ utilities - electricity REDEV - BALLOUGH ROAD ~ printing & binding

Grant Expenditures

$ 19,651.00 $ 49,038.55 Available Amount

Funds to reimburse Coquina Development LLC for portion of real estate taxes paid per TIF Project Desc. 2025 Rollover 2026 Budget

Project Number

2026 YTD Encumbered

549702 - Fixed Cost - Info Sys (IS) MAIN STREET CRA Account Number 131-150001-529-565000-602405 131-150001-552-561000-150904 551001 - Office Supplies 381005 - Transfer - General Fund 131-150001-552-565000-151406 131-150001-552-565000-152505 131-150001-552-565000-152506 131-150001-552-582000-152309 130-150001-552-565000-151925 130-600000-572-565000-601732 130-600000-541-565000-602601

151925 601732 602601

Beach Street Redevelopment Orange Ave Trail (Sun Trail) Beach St. Bat to Michigan PH2

$ 1,536,586.49 (1,258,945.00) $

$ $ $

- - -

$ 63,572.34

$ $ $ $

214,069.15 23,925.64 266,377.00 504,371.79

549501 - Safety Administration (IS) 549502 - Employee Benfits Admin (IS) 549503 - Employment Services (IS)

$ $ $

321.35 304.66

$ $

23,925.64

$ 1,526,105.00

$ 1,259,728.00

1,661.02

TOTAL PROJECT FUNDING

Internal Service - Information Technology (Updated 8/12/2025)

$ 10,500.47 Available Amount 350.00 $ 1,206,457.52 $ 3,018,166.53 $ 1,900,000.00 $ 5,200,000.00 $ $ 152,736.00 $ 146,916.00 - $

Project Number

Project Desc.

2025 Rollover

2026 Budget

2026 YTD Encumbered

OFFICE SUPPLIES

602405 150904 151406 152505 152506 152309

Main St Coquina Arch Repair

$ $ $ $ $

- - - - -

$ $ $ $ $ $

- - - - - -

$ $ $ $ $ $

- - - - - -

338005 - Increment - Ballough Rd Redev

Ad Valorum Calculation Ad Valorum Calculation East ISB Streetscape Land Acquisition

$ 1,206,457.52

60,586.53 2,957,580.00 $

Boardwalk Extension Main St Streetscape

$ 1,900,000.00 $ 5,200,000.00

Incentive Agreement Senor Frog

500,000.00

$ $

500,000.00 11,824,624.05

TOTAL PROJECT FUNDING

Total

BALLOUGH ROAD CRA Account Number

Project Number

Project Desc. Land Acquisition

2025 Rollover

2026 Budget

2026 YTD Encumbered

Available Amount $ 1,401,255.86

132-150001-552-561000-151006 132-150001-552-565000-150903 132-150001-552-565000-151109 132-600000-541-565000-602308

151006 150903 151109 602308

$ 1,145,488.86 $

255,767.00

$ $ $ $

- - - -

$ $ $ $

- - - -

Ballough Streetscape/Beautification Ballough Bridge/Streetscape North Beach St Improvements

$ $ $

115,561.76 369,354.17 350,000.00

$ $ $

- - -

$ $ $ $

115,561.76 369,354.17 350,000.00 2,236,171.79

Total

TOTAL PROJECT FUNDING

MIDTOWN CRA Account Number

Project Number * Project funding is available for reallocation based on Commission discretion 2025 Rollover 2026 Budget

Project Desc. Land Acquisition

2026 YTD Encumbered

Available Amount

152204 151213 152405

356,854.15

$ $ $

- - -

$ $ $

- - -

$ $ $

- - -

356,854.15

133-150001-552-561000-152204 133-150001-552-565000-151213 133-150001-552-565000-152405

West ISB Streetscape 847 Orange Ave

$ 1,980,606.46

45,067.41

$ $

45,067.41 2,382,528.02

TOTAL PROJECT FUNDING

Total

SOUTH ATLANTIC CRA Account Number

Project Number

Project Desc.

2025 Rollover

2026 Budget

2026 YTD Encumbered

Available Amount $ 1,066,570.09

152002 602201

South Atlantic CRA Streetscape Cornelia Young Improvements

$ $

992,823.09 $

73,747.00

$ $

- -

134-150001-552-565000-152002 134-600000-575-549000-602201

52,539.90

$ 22,735.04

$ $

29,804.86 1,096,374.95

TOTAL PROJECT FUNDING

Total

Project funding is avalibel for reallocation based on Commission discrecsion

AS OF 12/8/2025

DaytonaBeach.gov/Redevelopment

5 YEAR CRA Comprehensive Report | 19 | Return to Table of Contents

ACCOMPLISHMENTS DOWNTOWN

RIVERFRONT ESPLANADE <<

RIVERFRONT ESPLANADE (Ongoing) Location: Riverfront, Downtown Daytona Beach

What began as a community vision rooted in memory has become a reality with the grand opening of the Riverfront Esplanade. Re-imagined through the leadership and generosity of J. Hyatt and Cici Brown—alongside strong support from the City of Daytona Beach and its residents—the transformation was celebrated through a series of opening events that marked the official debut of the Esplanade’s southern section. Stretching from Main Street to Orange Avenue, the 22.5-acre linear park offers a wide variety of amenities and experiences. Visitors can relax in nature, enjoy riverfront views, or get active on the soft, blue-cushioned trail that runs the length of the park along the Halifax River. The southern portion, between International Speedway Boulevard and Orange Avenue, features an elaborate splash pad, botanical gardens—including a rose garden—a restroom facility, sculpted ponds with color-changing fountains and a venue lawn designed for community events.

Total Project Cost: $35,000,000 CRA Funds Allocated: $800,000, Annually (2019-2024) CRA Funds Allocated: $1.2 Million, Annually (2025)

STREETSCAPE ENHANCEMENTS (2020–2021) Location: Beach Street & ISB Gateway Streetscape improvements included widened

sidewalks, brick crosswalks, ADA accessibility upgrades, landscaping, benches, lighting enhancements and corridor beautification along Beach Street, South Beach Street and the ISB Downtown Gateway. These upgrades enhanced pedestrian safety, accessibility and the overall aesthetic of the Downtown CRA area.

CRA Funds Allocated: $20,000.00 (2020) $13,826.97 (2021) $180,327.30 (2022) $113,731.76 (2023) $225,937.05 (2024) $238,959.96 (2025)

STREETSCAPE ENHANCEMENT <<

FRAMEWORK LUXURY APARTMENTS Housing & Neighborhood Revitalization Projects Location: 400 S. Beach Street Construction of Class-A residential units will increase population density and economic activity in the Downtown CRA. Located on the Halifax River in the heart of downtown Daytona Beach, residents will enjoy sweeping water views and walkability to shops and restaurants—all only a short walk or bike ride to the world-famous Daytona Beach. This 6-story development has been designed to maximize views and provide abundant light to every unit. 400 Beach is currently under construction.

FRAMEWORK LUXURY APARTMENTS <<

CRA Incentives: Funded through Downtown CRA housing initiatives $7.5 Million

5 YEAR CRA Comprehensive Report | 21 | Return to Table of Contents

HOLIDAY ACTIVATION & PUBLIC PLAZAS (Annual) Location: Beach Street

CRA investments funded Christmas lights, tree-lighting ceremonies, fireworks and the activation of public plazas for pop-up markets, seasonal events and vendor opportunities, enhancing community engagement and vibrancy.

CRA Contribution: Approximately $10,000 (Annually)

ORANGE AVE. TRAIL (SUN TRAIL / SWEETHEART TRAIL) (2019-2024) Location: Downtown Daytona Beach Supporting bicycle and pedestrian connectivity.

HOLIDAY ACTIVATION DOWNTOWN <<

CRA Funds Allocated: $22,276.75 (2019) $27,048.11 (2020) $11,598.21 (2021) $844.93 (2023) $1,570.07 (2024)

INCENTIVE AGREEMENT BROWN & BROWN (2021-Present)

Incentive Agr. Brown & Brown 1 CRA Funds Allocated: $1,085,000.00 (2021) Incentive Agr. Brown & Brown 1 CRA Funds Allocated: $1,070,311.29 (2021) WIRELESS CAMERAS-PARKING LOTS (2020) Location: 140 N beach street

CRA Funds Allocated: $24,857.72 (2020)

ORANGE AVENUE TRAIL SWEETHEART TRAIL<<

DaytonaBeach.gov/Redevelopment

EV CHARGING STATIONS INSTALLED THROUGHOUT DOWNTOWN (2024) Location: Beach Street and Magnolia Avenue and City Hall Electric vehicle charging stations have been strategically placed on. Beach Street and Magnolia Avenue. Users need to download the user-friendly Blink mobile app on Google Play or the Apple Store and create an account to charge their cards.

CRA Contribution: $16,000

ACCENT DAYTONA – DELTA WEST Housing & Neighborhood Revitalization Projects Location: Former Baptist Church Site, Downtown

Development of 50 workforce housing units at 120% AMI integrated with commercial spaces, landscaping and pedestrian improvements to support mixed-income housing and Downtown population growth.

CRA Incentives: 80% of TIF until 2036.

ACCENT DAYTONA - DELTA WEST <<

5 YEAR CRA Comprehensive Report | 23 | Return to Table of Contents

PRIORITIES DOWNTOWN The Downtown Community Redevelopment Area’s top priorities for redevelopment, mobility and neighborhood improvements include several key initiatives. The 4-Point Roundabout is a major mobility improvement designed to support traffic flow between Downtown, ISB and Ballough. The project enhances pedestrian safety, reduces congestion and prepares roadways for increased development while laying the foundation for future mixed-use growth and event circulation. The Ridgewood Corridor Cleanup and Revitalization focuses on strategic cleanup and code enforcement along the Ridgewood gateway into Downtown. Priority areas include blight removal, landscaping and facade improvements, business activation and pedestrian safety enhancements. These efforts are intended to strengthen Downtown visibility and attract additional commercial activity. Transit solutions are also a central focus, including the expansion of Freebee microtransit and improved connectivity between. Beach Street, Esplanade, ISB, Ridgewood and the Ballough area. Parking and mobility strategies are being developed to support large-scale events, visitors and Downtown living, reduce vehicle dependency and enhance access for residents, employees and tourists. Additional recommended priorities for Downtown include public space pop-up event zones such as plazas and parking lots, waterfront redevelopment opportunities featuring dining, retail and mixed-use projects, support for Downtown housing including mixed-income, workforce and down payment assistance programs and activation of city-owned properties for both short-term and long-term redevelopment initiatives.

FRAMEWORK LUXURY APARTMENTS <<

DaytonaBeach.gov/Redevelopment

GRANTS DOWNTOWN FY 2021 – $30,742.00

• Commercial Facade Grant: 250 S. Palmetto / Kenneth Hunt – $2,775.00 • 2nd Payment Reimbursement: 201 W. ISB. / Sandeep V Patel – $2,690.00 • Lease Subsidy February: Pane di Capo US LLC. – $500.00 • Lease Subsidy March & April: Pane di Capo US LLC. – $1,000.00 • Grant Payout / Sign: 624 S. Ridgewood / WW Marshall LLC. – $5,000.00 • Historic Facade Grant / Painting: James G. & Virginia L. Ladesic – $1,200.00 • Lease Subsidy May: Pane di Capo US LLC. – $500.00

• Commercial Facade Grant: Brick & Mortar D&T LLC. – $3,195.00 • Lease Subsidy June / Final Payment: Pane di Capo US LLC. – $500.00 • New Signage Grant Paid in Full: 125 US 1 LLC. – $2,943.00 • Residential Facade Grant: 131 Loomis Ave. / Janina Kosciuczyk – $1,151.00 • Historic Preservation Grant: 510 S. Palmetto Ave. / James & Virginia L Ladesic – $5,288.00 • Historic Preservation Grant: 209 Cedar St. / Karlynn & Kevin Billings – $4,000.00 FY 2022 – $67,374.62 • Commercial Facade Grant: 210 S. Beach St. / Jack White Land Company – $5,000.00 • Leasehold Improvement Grant: 240 Beach St. / Mama’s Little Italy Inc. – $6,000.00 • Lease Subsidy Grant: 240 Beach St / Mama’s Little Italy Inc. – $500.00 • Business Facade Grant: 240 Beach St. / Mama’s Little Italy Inc. – $5,531.35 • Historic Preservation Grant: 230 S. Beach St. / Russell Karlberg – $2,821.00 • Leasehold Facade Grant: 230 S. Beach St. / Russell Karlberg – $6,000.00 • Unknown / Misc: Russell Karlberg – $778.50 • Commercial Facade Grant: 250 S. Palmetto / Kenneth Hunt – $2,775.00 • Commercial Facade Grant: 232 Bay St. / Rosie’s Italian Bakery Cafe – $2,861.93 • 2nd Payment Reimbursement: 201 W. ISB. / Sandeep V. Patel – $2,690.00 • Historic Preservation Grant: 230 S. Beach St. / Russell Karlberg – $1,722.50 • Lease Subsidy Grant: 240 S. Beach St. / Mama’s Little Italy Inc. – $2,000.00

• Commercial Facade Grant: 150 W. ISB. / Jo Anne Staley – $5,000.00 • Commercial Facade Grant: 146 S. Beach St. / Evanilia Capulli – $1,167.64 • Commercial Facade Grant: 426 S. Beach St. / The Foxtail Estate – $850.00

• Historic Grant: 320 S. Beach St. / Russell Karlberg – $3,214.25 • Historic Grant: 230 S. Beach St. / Russell Karlberg – $13,456.88

• Commercial Facade Grant: 146 S. Beach St. / Evanilia Capulli – $2,083.07 • Historic Preservation Grant: 230 S. Beach St. / Russell Karlberg – $2,922.50

5 YEAR CRA Comprehensive Report | 25 | Return to Table of Contents

FY 2023 – $139,527.90 • Reimbursement / Improvements: 128 Orange Ave. / Thomas Leigh Acquisition Corp – $75,000.00 • 3rd & Final Payment Landscape Grant: Sandeep V Patel – $2,690.00 • Grant Payment: Brown Riverfront Esplanade Foundation Inc. – $25,000.00 • Commercial Facade Grant: Salon 230 / Glenna Doyle – $5,000.00 • Hurricane Relief Services: TripleFit Inc. – $833.00 • Hurricane Relief Services: TripleFit Inc. – $833.00 • Commercial Facade Grant: 230 S. Beach St. / Russell Karlberg – $5,000.00 • Hurricane Relief Services: TripleFit Inc. – $833.00 • Commercial Facade Grant: 140 S. Beach St. / MAC II of Volusia LLC. – $5,000.00 • Fence: 426 Beach St / Abbey House Daytona LLC. – $2,400.00 • Commercial Facade Grant: 426 S. Beach St. / Abbey House Daytona LLC. – $5,000.00 • Historic Preservation Grant: 124 Live Oak St / The Coroneos Group LLC. – $6,938.90 • Commercial Facade Grant: 209 Cedar St / Jennifer Lynn Kent – $5,000.00

FY 2024 – $146,989.11 • Grant Paid in Full (All Applications 2023): Evanilia Capulli – $567.74

• Upper Floor Residential Grant: 110 N. Beach St. / Zenith Real Estate Solutions – $7,500.00 • Historic Preservation Grant: 426 S. Beach St. / Abbey House Daytona LLC. – $15,000.00 • Leasehold Improvement Grant: 110 N. Beach St. / Zenith Real Estate Solutions – $6,000.00 • Windows & Siding: 401 S. Ridgewood / 3rd Gen Investing LLC. – $20,000.00 • 202 Dr. MMB Blvd: Hunt House Vacation Homes LLC. – $9,000.00 • Fence: 426 Beach St / Abbey House Daytona LLC. – $2,400.00 • Small Project Grant: 132 W. ISB. / Workspace Collective – $9,567.00 • Historical Preservation Grant: 230 S. Beach St. / Russell Karlberg – $44,083.87

• Lease Subsidy Grant: 110 N. Beach St. / Kale Cafe LLC. – $4,500.00 • Lease Subsidy Grant: 114 N. Beach St. / Moxie Vintage LLC. – $4,500.00 • Small Project Grant: 201 W. ISB. / Sandeep V Patel – $5,937.50 • Small Project Grant: 132 W. ISB. / Workspace Collective – $10,433.00 • Small Project Grant: 126 W. ISB. / Workspace Collective – $7,500.00

DaytonaBeach.gov/Redevelopment

FY 2025 – $426,376.12 • One Table Community Dinner: Daytona Regional Chamber of Commerce – $2,500.00 • Commercial Incentive Grant: 110 N. Beach St. / Kale Cafe LLC. – $17,653.12 • 0% Commercial Incentive Program: 110 N. Beach St. / Kale Cafe LLC. – $61,111.00 • 0% Commercial Incentive Program: 250 Palmetto / Zanzibar Blu – $100,400.00 • Commercial Incentive Grant: 218 S. Beach St. / McK’s Tavern Inc. – $15,000.00 • 0% Commercial Incentive Program: 110–120 4th Ave / Jack White Land Co – $11,787.50 • Commercial Incentive Grant: 111 W. ISB. / Ronin Sushi & Bar LLC. – $15,000.00 • Commercial Incentive Grant: 150 S. Beach St. / Tom Cook Jeweler Inc. – $13,121.00 • 0% Commercial Incentive Grant: 218 S. Beach St. / McK’s Tavern Inc. – $50,000.00 • Document Filing / Misc: Simplifile LC LLC. – $46.00 • 0% Commercial Incentive Program: 248 S. Beach / 248 Beach LLC. – $50,000.00 • Lease Subsidy Grant: 214 S. Beach / Serra Doce LLC. – $4,500.00 • Business Incentive Program: 214 S. Beach / Serra Doce LLC. – $20,000.00 • Document Filing / Misc: Simplifile LC LLC. – $63.00

• Incentive Program: 126 W. ISB. / Workspace Collective – $50,000.00 • Small Project Grant: 250 S. Palmetto / Zanzibar Blu – $13,000.00 • Document Filing / Misc: Simplifile LC LLC. – $148.50 • Small Project Grant: 250 S. Palmetto / Zanzibar Blu – $2,000.00 • Document Filing / Misc: Simplifile LC LLC. – $46.00

City Commission Action (April 2024)

Approved expansion of the Redevelopment Grant Program, including increased grant amounts, eligibility for interior improvements and creation of a 0% interest loan program.

FIVE-YEAR TOTAL: $811,009.75

5 YEAR CRA Comprehensive Report | 27 | Return to Table of Contents

FINANCIALS (2023/24)

The finances of the Downtown Redevelopment Area are recorded in a separate fund in the general ledger of the City of Daytona Beach.

This fund is numbered 130: Redevelopment – Downtown.

REVENUES

The primary revenue of the Downtown Redevelopment Area is generated by the portion of property taxes determined by taxable property values above the base level of $49,000,577 established when the CRA was created in 1982, as generated by the City of Daytona Beach, Volusia County, Halifax Hospital and the Downtown Development Agency. In FY 2023/24, the CRA’s TIF revenues (excluding the Downtown Development Agency) totaled $2,125,815.96. The budgeted equivalent TIF revenues for the current year total $2,472,639. Traditionally, the TIF revenues generated by the Downtown Development Agency have been transferred back to the Downtown Development Agency. As such, these amounts are not included in the discussion of revenues or expenditures.

DaytonaBeach.gov/Redevelopment

$300

The following chart indicates the total taxable value, segregated into the base and increment. The base represents the taxable value when the CRA was established in 1982.

$250

$200

Increment Base

$150

$100

$50

The area is scheduled to expire in 2036.

FY 2017/18

FY 2018/19

FY 2019/20

FY 2020/21

FY 2021/22

FY 2022/23

FY 2023/24

EXPENDITURES - FUND 130

The expenditures for FY 2023/24 included the following: • $225,937.05 for capital expenditures related to the Beach Street Redevelopment project. • $172,337.80 for scheduled bond payments. The bonds will be paid off in 2028. • $1,570.07 for capital expenditures related to the Orange Avenue Trail (Sun Trail) project. • $149,210.04 for personal services and benefits • $1,301,939.96 for operating expenditures. The largest operating expenditures were for other contractual services ($815,459.59), grant expenditures ($149,989.11), projects ($1047,080.80), electricity ($54,756.53) and maintenance and repair ($22,484.14).

5 YEAR CRA Comprehensive Report | 29 | Return to Table of Contents

City of Daytona Beach, FL CRA Financial Summary Data FINANCIAL SUMMARY DOWNTOWN

DOWNTOWN

2019 ACTUAL

2020 ACTUAL 2021 ACTUAL 2022 ACTUAL 2023 ACTUAL 2024 ACTUAL 2025 ACTUAL*

INTERGOVERNMENTAL CHARGES FOR SERVICE LICENSES & PERMITS INCOME ON INVESTMENTS

601,605

646,313

724,746

1,077,598 1,142,132

1,258,555

1,401,093

- -

703

434

2,152 3,929

2,020

9,460

6,344

4,461

42,348

66,296

35,597

MISC

611,769 $

653,096 $

730,828 $ 1,082,147 1,186,500 $ $

1,324,851 $ 1,436,690

OPERATING

322,112 22,277

423,019 2,620,766

1,294,171 1,273,604

1,451,151

2,103,791

CAPITAL OUTLAY

27,048

25,425

180,327

275,607

227,507

238,960

344,389 $

450,067 2,646,191 $ $ 1,474,498 1,549,211 $ $

1,678,658 $ 2,342,751

ISSUANCE OF DEBT

159,281 873,818 (234,252) 798,847

TRANSFERS IN

515,085 (172,401) 342,684

529,325 (173,100) 356,225

539,007 (172,639) 366,368

772,344 (172,037) 600,307

985,222 (236,186) 749,036

1,222,141 (172,223) 1,049,918

TRANSFERS (OUT) - DEBT SERVICES

NET CHANGE IN FUND BALANCE

610,064 $

559,254 (1,548,995) $ $

207,956 $

436,136 $

395,229 $

143,857

FUND BALANCE BEGINNING

City of Daytona Beach, Florida Budget Summary, Fund Level

1,217,751 1,827,815 1,827,815 2,387,069

2,387,069

838,074 1,046,030 1,046,030 1,482,166

1,482,166

1,877,395

ENDING

838,074

1,877,395 2,021,252.00

FUND SUMMARY

*As of 12/05/2025, FY 2025 amounts are preliminary and have not been finalized or audited

FUND NUMBER 130

REDEVELOPMENT - DOWNTOWN

ADOPTED BUDGET

AMENDED BUDGET

$3.0M

EXPENSE

REVENUE

YTD TOTAL

FINAL PROJECTION

YTD TOTAL

FINAL PROJECTION

Sources: 2019 2020 CoDB ACFR, 2021 - 2024 CRA Audited Financial Statments, 2025 Trial Balance Report

$61.5K

$257.4K

VARIANCE $

VARIANCE %

VARIANCE $

VARIANCE %

$2.7M

91.34%

$3.0M

100.00%

BURN RATE *

ENCUMBERANCES

YTD Expense by Category

$210.4K

0.69%

PERSONNEL SERVICES 41%

YTD Actual to Budget

OTHER EXPENSES 0%

$- $100,000.00 $200,000.00 $300,000.00 $400,000.00 $500,000.00 $600,000.00 $700,000.00 $800,000.00

CAPITAL 0%

OPERATING 59%

October

November

December

Actual

Budget

DaytonaBeach.gov/Redevelopment Executive Notes: 1. Majority of budgeted revenues are from Ad Valorem tax payments. Historically, these payments are not posted until December of the fiscal year. As of this report, they have not been posted. 2. Prior year project budget will be amended at a later date after fiscal year has been closed. As of this report the following projects has funds available to roll from FY 2025: 601732 - Orange Ave Trail: $23,925.64 151925 - Beach Street Redevelopment: $1,536,586.49

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