PROJECTION DETAIL MIDTOWN
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:
152405 - 847 ORANGE AVE: $45,067.41 152204 - LAND ACQUISITION: $356,854.15 151213 - WEST ISB STREETSCAPE: $1,980,606.46 TOTAL TO AVAILABLE TO BE ROLLED: $2,382,528.02
3. Midtown CRA has the following major contracted/encumbered expenses: 022302 Debt Service - 2023 Midtown CRA $801,200, Remaining Life of Loan:
* 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 | 63 | Return to Table of Contents
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