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Major Changes <br /> Direction from the workshop included the following changes: <br /> Other Professional Services: The HRA eliminated the Historic Context Study in the amount of$20,000 <br /> and the Redevelopment Market Study of$20,000,both part of the priority projects established by the <br /> Mississippi Connections Downtown Plan. <br /> Contractual Services:At the August 26, 2013 HRA budget workshop,it was decided to reduce the grant <br /> leverage funds for the SCDP from$200,000 to $50,000. This is the amount that CHMP suggested would <br /> be sufficient. The HRA also decided to eliminate any funding for public art from the proposed$10,000. <br /> Any non-spent funds remaining at the end of the year stay in the HRA fund for future housing and <br /> redevelopment purposes/projects. If a non-budget item comes up in 2014 we can use the fund balance <br /> and make a budget amendment. <br /> As of June 30, 2013, the HRA has a cash balance of$849,513. <br /> Financial Impact <br /> The expenditure budget is $218,000. <br /> Attachments <br /> • Resolution Establishing the HRA Levy for Collection in Year 2014 <br /> • 2014 HRA Goals and Performance Measures (internal document used for budgeting process) <br /> • Proposed 2014 Budget Detail Spreadsheet <br /> • Proposed 2014 Budget Worksheet—Revenue&Expenditures <br /> • 8/26/13 Workshop packet <br /> 6 sr HRA 2014 Budget Memo <br />