Agenda 09/09/2025 Item #16L 1 (Budget Amendments to recognize carryforward in Bayshore CRA (1020) funds and Immokalee CRA Capital Fund (1026) and appropiate those funds into specific projects pursuant to the Community Redevelopment Plan)9/9/2025
Item # 16.L.1
ID# 2025-2793
Executive Summary
Recommendation that the Board of County Commissioners, acting as the Community Redevelopment Agency, authorize
necessary Budget Amendments to recognize carryforward in Bayshore CRA Fund (1020) and Immokalee CRA Fund
(1025), transfer those moneys along with reserve balances into Bayshore CRA Capital Fund (1021) and Immokalee CRA
Capital Fund (1026), and appropriate those funds into specific projects pursuant to the Community Redevelopment Plan.
OBJECTIVE: To ensure compliance with 163.387(7) Florida Statutes by appropriating funds to specific projects
pursuant to the approved Community Redevelopment Plan for the Bayshore/Gateway Triangle Community
Redevelopment Area (CRA) and Immokalee CRA.
CONSIDERATIONS: Section 163.387(7), Florida Statutes, requires that on the last day of a CRA’s fiscal year, any
moneys remaining in the CRA’s Redevelopment Trust Fund after the payment of expenses shall be:
• Returned to each taxing authority which paid the increment in the proportion that the amount of the payment of
such taxing authority bears to the total amount paid into the trust fund by all taxing authorities for that year.·
Used to reduce the amount of any indebtedness to which increment revenues are pledged.
• Deposited into an escrow account for the purpose of later reducing any indebtedness to which increment
revenues are pledged.
• Appropriated to a specific redevelopment project pursuant to an approved community redevelopment plan.
• The funds appropriated for such project may not be changed unless the project is amended, redesigned, or
delayed, in which case the funds must be reappropriated pursuant to the next annual budget adopted by the
Board of Commissioners of the community redevelopment agency.
Appropriating funds to specific projects pursuant to the approved Community Redevelopment Plan will achieve
compliance with Section 163.387(7), Florida Statutes, and allow the continued implementation of the Community
Redevelopment Plan, which includes significant investments in large scale infrastructure projects.
This item is consistent with the Collier County strategic plan objective to safeguard taxpayer money by promoting fiscal
stewardship and sound budget oversight.
FISCAL IMPACT:
Bayshore CRA Project Fund (1021) and Immokalee CRA Project Fund (1026) have been established to budget for
Collier County CRA projects. The budget actions will allocate funds to projects consistent with the approved
Community Redevelopment Plan.
For Bayshore CRA Fund (1020), reserves of $51,300 and unappropriated carry forward of $159,700 totaling $211,000
will be transferred to Bayshore Capital Fund (1021) and budgeted in projects as follows:
Project/Program Budget
Stormwater (50203) $211,000
For Immokalee CRA Fund (1025), reserves of $18,300 and unappropriated carry forward of $172,300 totaling $190,600
will be transferred to Immokalee Capital Fund (1026) and budgeted in projects as follows:
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9/9/2025
Item # 16.L.1
ID# 2025-2793
Project/Program Budget
First Street (50250) $190,600
GROWTH MANAGEMENT IMPACT: There is no impact to the Growth Management Plan.
LEGAL CONSIDERATIONS: This item is approved as to form and legality and requires a majority vote for CRA
approval. -HFAC
RECOMMENDATIONS: The Board of County Commissioners, acting as the Community Redevelopment Agency,
authorize necessary budget amendments to recognize carryforward in Bayshore CRA Fund (1020) and Immokalee CRA
Fund (1025), transfer those moneys along with reserve balances into Bayshore CRA Capital Fund (1021) and
Immokalee CRA Capital Fund (1026), and appropriate those funds into specific projects pursuant to the Community
Redevelopment Plan.
PREPARED BY: Charles Kammerer, Supervisor - Accounting, Corporate Financial & Management Services
ATTACHMENTS:
1. BA 1020
2. BA 1021
3. BA 1025
4. BA 1026
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