CRA Annual Report - 2023 to 2024

$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 district 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).

2023-2024 CRA Annual Report | 19

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