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Agenda 03/24/2026 Item #16L 1 (Review and accept the 2025 Annual Reports for the two community redevelopment component areas, Bayshore Gateway Triangle and Immokalee, and publish the reports on the appropriate websites)3/24/2026 Item # 16.L.1 ID# 2026-323 Executive Summary Recommendation that the Collier County Community Redevelopment Agency and the Board of County Commissioners review and accept the 2025 Annual Reports for the two community redevelopment component areas, Bayshore Gateway Triangle and Immokalee, and publish the reports on the appropriate websites. OBJECTIVE: To review and approve the two 2025 Annual Reports for each of the community redevelopment component areas and publish the reports on the appropriate websites (www.Bayshorecra.com and www.Immokaleecra.com) as required. CONSIDERATIONS: Florida Statutes section 163.371(2) requires that “. . . not later than March 31st of each year thereafter, a community redevelopment agency shall file an annual report with the county or municipality that created the agency and publish the report on the agency’s website.” The report must include the following information: (a) The most recent complete audit report of the redevelopment trust fund as required in s.163.387(8). If the audit report for the previous year is not available by March 31, a community redevelopment agency shall publish the audit report on its website within 45 days after completion. (b) The performance data for each plan authorized, administered, or overseen by the community redevelopment agency as of December 31 of the reporting year, including the: 1. Total number of projects started and completed, and the estimated cost for each project. 2. Total expenditures from the redevelopment trust fund. 3. Original assessed real property values within the community redevelopment agency’s area of authority as of the day the agency was created. 4. Total assessed real property values of property within the boundaries of the community redevelopment agency as of January 1 of the reporting year. 5. Total amount expended for affordable housing for low-income and middle-income residents. (c) A summary indicating to what extent, if any, the community redevelopment agency has achieved the goals set out in its community redevelopment plan. Attached are the Bayshore Gateway Triangle Community Redevelopment Area and Immokalee Community Redevelopment Area 2025 Annual Reports (see Exhibits A and B). Those reports provide detailed descriptions of the yearly activities of the redevelopment areas. Florida Statutes Section 163.387(8) requires community redevelopment areas with revenues or a total of expenditures and expenses in excess of $100,00 to provide a financial audit each fiscal year by an independent certified public accountant or firm. A financial audit of the 2025 CRA trust funds is included in the Collier County Annual Comprehensive Financial Reports (ACFR) and is not a part of these reports. Access to the ACFR is provided on the Clerk of Courts website and shall be published within 45 days of completion. The CRA Annual Reports support the Collier County Strategic Plan by documenting measurable redevelopment outcomes such as economic investment, infrastructure improvements, community partnerships, and fiscal stewardship that directly advance the County’s goals for economic vitality, sustainable growth, public infrastructure, and enhanced quality of life. FISCAL IMPACT: There is no fiscal impact associated with the approval of this item. GROWTH MANAGEMENT IMPACT: There is no growth management impact associated with this action. LEGAL CONSIDERATIONS: This item is approved as to form and legality and requires majority vote for Board approval. —HFAC RECOMMENDATION(S): That the Collier County Community Redevelopment Agency and the Board of County Commissioners review and accept the 2025 Annual Reports for the two community redevelopment component areas, Bayshore Gateway Triangle and Immokalee, and publish the reports on the appropriate websites. Page 6307 of 6641 3/24/2026 Item # 16.L.1 ID# 2026-323 PREPARED BY: Christie Betancourt, CRA Assistant Division Director ATTACHMENTS: 1. EXHIBIT B IMMOKALEE 2025 CRA Annual Report Final 2. 2024 Collier County CRA Statements 3. 2025 Collier CRA Annual Report 3.13.26 Page 6308 of 6641 2025 ANNUAL REPORT RCMA Lipman Family Campus Immokalee Fair Housing Alliance EXHIBIT B Page 6309 of 6641 Vision Statement A rural community that provides safe and affordable multigenerational living opportunities,interconnected pedestrian and transportation connections,a pristine environment,and a thriving economy that celebrates a diverse culture. Immokalee is a family-oriented community that supports a healthy lifestyle.It is attractive,environmentally sustainable and offers a full range of housing,recreation,and education opportunities to meet all residents’needs.Immokalee has a safe,well-connected network to walk and bicycle about town,as well as a roadway network needed to support the transport of goods and services.Business and job opportunities flourish in trade and distribution,agribusiness,and ecotourism. About Immokalee Collier County Board of Commissioners CRA & MSTU Members CRA Staff CRA & MSTU Boundary What is a CRA? What is a MSTU? Immokalee Area Master Plan Redevelopment Plan Strategic Plan Economic Development Housing Development Infrastructure Projects MSTU Maintenance Community Outreach Financial Reporting TABLE OF CONTENTS 1 2 2-3 4 5 6 7 8 9 1 0-1 1 1 2-1 4 1 5-1 8 1 9-21 22 23-25 26-29 Page 6310 of 6641 Transportation Immokalee is an unincorporated area in Collier County. Originally known as Gopher Ridge by the Seminole and Miccosukee Indians, Immokalee means “My Home” in the Mikasuki language, and also in Miccosukee, Mikisúkî or Hitchiti-Mikasuki, a Muskogean language. After starting as a cattle ranch town in the 1800’s, it has grown to a culturally diverse rural agriculture community rich in history. The community is known as the prime producer of winter vegetables for the eastern United States. U.S. Census Bureau’s American Community Survey (ACS) 2023, •Population –25,624 •Median age -30 years •Median household income $46,143 The Immokalee Regional Airport is a general aviation airport located one mile northeast of the central business district. The County-owned facility provides a great opportunity for business recruitment and economic diversification. •Collier Area Transit (CAT) provides local bus service and para-transit. •The main road through Immokalee is State Road 29. •Other important county roads through the region are CR 29A (New Market Road) and CR 846 (Immokalee Road). History Immokalee is the center of the region’s agriculture industry and home to many families who work the vast fields that produce a large amount of the United States’ fresh produce. The Collier County School Board is responsible for all public schools in Immokalee including five elementary schools, Immokalee Middle School and Immokalee High School. iTECH Technical College and Bethune Education Center provide additional training. RCMA Charter School and Pace Center for Girls are also in the community and provide alternative education programs. Ave Maria University is approximately 6 miles away in the community of Ave Maria.1 Community & Education Demographics Page 6311 of 6641 Immokalee Beautification MSTU Advisory Committee (January 2025 –July 2025) Bernardo Barnhart, Chair Jimmy Nieves, Vice-Chair Andrea Halman Cherryle Thomas David Turrubiartez Jr. Local Redevelopment Advisory Board (January 2025 –July 2025) Mike Facundo, Chair Lupita Vazquez Reyes, Vice-Chair Mark Lemke Anne Goodnight Estil Null Edward “Ski” Olesky Yvar Pierre Paul Thein 2025 COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS On March 14, 2000, the Board of County Commissioners adopted Resolution 2000 -83, declaring the Board of County Commissioners to be the Collier County Community Redevelopment Agency. Immokalee Community Redevelopment Advisory Board (Merged in August 2025) Mike Facundo, Chair Bernardo Barnhart, Vice-Chair Mark Lemke Anne Goodnight Yvar Pierre Paul Thein Lupita Vazquez Reyes Jimmy Nieves Oscar Lugo Edward “Ski” Olesky Estil Null Rick LoCastro District 1 Chris Hall District 2 Burt Saunders District 3 BCC Chairman Dan Kowal District 4 CRA Co-Chair William L. McDaniel Jr. District 5 CRA Co-Chair 2 Page 6312 of 6641 Bernardo Barnhart, CRA Vice-Chair William L. McDaniel, Jr. was born in Franklin, Penn., on March 25, 1961, the eldest of three children. His mother, brother (a retired Marine Corps staff sergeant) and sister still live in the Franklin area. A 1979 graduate of Rocky Grove High School, William enrolled at Clarion State University, where he majored in accounting and computer programming with a minor in economics. To pay for college, William worked as a carpenter. A job building a stable (Naples Therapeutic Riding Center) brought him to Naples in 1981, and he has lived in the area ever since. After moving to Naples, William became a licensed real estate salesperson and, in 1985, he became a licensed Realtor. He founded the Realty Company in 1987, which he manages today, focusing on the sale, management, and development of real estate in Southwest Florida. In 1998, he founded Big Island Excavating, Inc., a mining company with an office located in District 5 in eastern Collier County. The company, which William manages today, has operated mines in four Southwest Florida counties (Collier, Lee, Hendry, and Charlotte). In 1999, William was a founding director of Marine National Bank. When the company was bought by Old Florida Bank in 2003, William was selected to represent the shareholders and to serve on the new board of Old Florida Bank, until its sale in 2007 to the Bank of Florida. William currently owns and operates Lazy Springs Recreational Park and employs more than 30 people. Among his civic activities, William is currently the chairman of the Strategic Planning Committee of Goodwill of Southwest Florida and has served on the Board of Directors of that organization since 1998. He is the founder of and the current president of the Corkscrew Island Neighborhood Association. From 2007 until early 2009, he served as the chairman of the Board of County Commissioners-appointed East of 951 Horizon Study Committee. He also served for two years on the Board of County Commissioners-appointed Rural Lands Stewardship Overlay Review Committee. In 2013, he was appointed by Gov. Rick Scott to the Collier County Housing Authority and served on that Authority until his election as Collier County Commissioner on November 8, 2016. He was re-elected to the Collier County Board of County Commissioner on November 3, 2020,and August 20, 2024. William has two children: Kelley Marie, a graduate of Florida Gulf Coast University, and William III, who is a carpenter/contractor. In their free time, the family enjoys outdoor activities like hunting, fishing, and boating. CRA BOARD CO-CHAIR William L. McDaniel, Jr. District 5 CRA Board Co-Chair Chairman of Board of County Commissioners 1/11/22 to 1/10/23 Vice-Chairman to the Board of County Commissioners 1/12/21 to 1/11/22 Serves on the NACo Environment, Energy and Land Use Steering Committee (EELU) Serves on the Southwest Florida Regional Planning Council (SWFRPC) Public Safety Committee 1/9/18 to 1/8/19 County Government Productivity Committee 1/9/18 to 1/8/19 and 2021 Current Co-Chair of the Immokalee CRA ADVISORY BOARD CHAIR/VICE-CHAIR Mike Facundo, CRA Chair Mike Facundo, CRA Chair, born in Naples and raised in Immokalee. Mr. Facundo is currently working with Hoffman-Facundo Architects. He recently left Redlands Christian Migrant Association (RCMA) where he was employed for over 25 years. Bernardo Barnhart, CRA Vice-Chair, was born in Naples, Florida and raised in Immokalee. Mr. Barnhart has been in the banking industry for over 18 years and is currently the Vice-President of the First Bank of Immokalee. He serves on various boards. 3Page 6313 of 6641 CRA STAF F 4 Christie A. Betancourt, Assistant Division Director Christie was promoted to Assistant Division Director in July 2024. She has worked for Collier County for 25 years. She joined the team in 2008 and manages the day-to-day operations. Yvonne Blair, Project Manager Yvonne joined the lmmokalee CRA Team in September 2020. She has over 25 years of sales experience. She manages capital projects and maintenance activities. John Dunnuck, Facilities and CRA Executive Director John retired from the County in January 2026. He brought a long resume of public service and facilities expertise to this combined role as Executive Director of Facilities and Community Redevelopment Area. Yuridia Zaragoza,Operations Support Specialist Yuridia joined the CRA Team in October 2022. She is tasked with assisting with active community projects and providing the community with public meeting information. Yuridia was promoted in October 2024. Michael McNees, Facilities and CRA Executive Director Mike joined the CRA Team in December 2025. Before returning to Collier County, Mike previously served as Administrator for Collier County in the early 2000s. Page 6314 of 6641 CRA & MSTU BOUNDARY 5 The lmmokalee Community Redevelopment Area (ICRA) covers all of lmmokalee. The Urban designated area is a community of approximately 30 square miles, or ±17,116 acres; the Redevelopment Area boundary extends beyond the urban area boundary and contains a total of ±24,386 acres, including Lake Trafford and lands designated as Rural Land Stewardship Areas on the Collier County Future Land Use Map. Page 6315 of 6641 IMMOKALEE WHAT IS A How is CRA funding created? Property values in the CRA are capped,or frozen,at the assessed value for an established base year (2000).Thereafter, any tax revenues due to increases in property values in excess of the base are dedicated to the redevelopment area. The generated revenue is known as tax increment financing (TIF)and is used in the Immokalee CRA to leverage its redevelopment efforts.The 2000 frozen tax base for the Immokalee Community Redevelopment Area is $148,645,590. The tax value for FY 2025 was $536,200,016,which is a $387,554,426 increase in total property values since 2000.This incremental increase resulted in a TIF revenue of $1,360,500 for 2025. 6 Community Redevelopment Agency (CRA) refers to a public entity created by Collier County to implement the activities outlined under Chapter 163 of the Florida Statutes. The Board of County Commissioners (BCC), is the ex - officio governing Board of the CRA. On March 14, 2000, the BCC adopted Resolutions 2000 -82 and 2000-83, establishing the Collier County CRA and identifying two areas within unincorporated Collier County as areas in need of redevelopment. On June 13, 2000, the BCC adopted Resolution 2000 -181 adopting the Community Redevelopment. The Plan lays out the framework of goals, objectives, and strategies to support the community vision. The first amendment to the plan was approved on April 23, 2019. The second amendment to the plan was approved on May 10, 2022. In 2016, Resolution 2016-198 was adopted to revise the bylaws to clarify the membership and terms of office of the Immokalee Local Redevelopment Advisory Board. The purpose of this nine-member committee is to be the primary vehicle for community and professional input to the CRA for matters relating to the Immokalee Community Redevelopment Area. On May 27, 2025, CRA Resolution 2025-113 was adopted, creating the bylaws of the Immokalee Community Redevelopment Advisory Board, and partially repealing CRA Resolution No. 2001 -98, to replace the Immokalee Local Redevelopment Advisory Board and the Immokalee Beautification Advisory Committee. The Immokalee Community Redevelopment Advisory (CRA) Board will serve as the primary source of community input to the CRA and Board regarding the Immokalee Community Redevelopment Area and MSTU, and to make recommendations to the CRA and Board to further the goals of the Immokalee Community Redevelopment Area component of the Collier County Community Redevelopment Area Plan and MSTU. The Board is composed of nine voting members with two non-voting members. Terms are 4 years. Membership represents 2 Immokalee residents, 2 Immokalee Business/Commercial Property Owners, 1 Immokalee Non -Profit Representative, 1 Resident of the MSTU, 3 At-Large, and 2 Non-Voting members. Page 6316 of 6641 WHAT IS A A Municipal Service Taxing Unit (MSTU) is a funding mechanism where community members, with Board approval, assess themselves to make improvements to their neighborhood and/or community area and provide additional services based on community desire within a specific district boundary. The seven-member committee was established by Ordinance No. 11-39, as amended by Ordinance No. 20-47, to assist the Board of County Commissioners in the business affairs of the Immokalee MSTU District and prepare and recommend an itemized budget to carry out the business of the District for each fiscal year. The CRA serves as the administer and manager of the Immokalee MSTU. The Board desired to merge the CRA-created Immokalee Local Redevelopment Advisory Board and the Immokalee Beautification Advisory Committee into a single unified advisory committee, to advise the Board and/or CRA on matters pertaining to both the MSTU and the Immokalee Community Redevelopment Area. On May 27, 2025, the Board of Collier County Commissioners approved Ordinance No. 2025-27, an ordinance creating the Immokalee Community Redevelopment Advisory Board; providing for repeal of Ordinance No. 2002-52, as amended, which created the Immokalee Beautification Advisory Board. How is MSTU funding created? The MSTU’s enabling ordinance establishes the maximum millage rate that can be levied to implement the mission of the MSTU. Annually, the Board of County Commissioners approves the millage rate and budget to implement the yearly work plan. 7 Page 6317 of 6641 IMMOKALEE AREA MASTER PLAN (IAMP) 8 The Immokalee Area Overlay District Land Development Code (LDC) update advanced through a multi-year public and advisory process beginning with CRA discussions in March 2021 and an initial LDC workshop in May 2021, followed by consultant engagement with The Neighborhood Company in 2022 and multiple site visits, workshops, and board presentations throughout 2023 and 2024, including a White Paper, draft language, and revisions reviewed by the Development Services Advisory Committee. Although architectural design standards were temporarily tabled due to Senate Bill 250 and Loop Road Overlay considerations, revisions continued, including updated language for mobile food dispensing vehicles. The Immokalee Urban Area Overlay District (IUAOD) amendments (PL20240004278) were reviewed by the Collier County Planning Commission in March 2025 and the Board of County Commissioners in May 2025, with continuances as needed, and ultimately advanced to adoption hearings on October 28 and November 10, with a recommendation to approve an ordinance amending the Collier County Land Development Code to implement the Immokalee Area Master Plan, rename and revise the overlay district, establish subdistricts, and update uses, boundaries, and design standards. Page 6318 of 6641 Since the adoption of the 2000 Redevelopment Plan, much has changed within the Immokalee Redevelopment Area. In April 2019, the first amendment of the plan update focused on the Bayshore Gateway Triangle Redevelopment Area. On May 10, 2022, the Collier County Board of County Commissioners acting as the Community Redevelopment Agency (CRA), approved a second amendment to the Collier County Community Redevelopment Plan. Staff is continuing to work on the implementation schedule. Staff provides quarterly updates on the areas of focus which are Celebrating Culture, Economic Development, Housing, Infrastructure,and Implementation/Administration. The Community Redevelopment Plan anticipates that these 5 goals will be achieved through 26 corresponding objectives, and those objectives will be accomplished through the 109 corresponding strategies. THE REDEVELOPMENT PLAN 9 Goal 4.2.1 Celebrating Culture: Create a Cultural Destination. Goal 4.2.2 Economic Development: Strengthen the economic health of Immokalee. Goal 4.2.3 Housing: Provide a mix of housing types and price points for safe, high-quality dwelling unit options in Immokalee. Goal 4.2.4 Infrastructure: Maintain a high quality of life for all residents and visitors of Immokalee. Goal 4.2.5 Implementation/Administration: Maximize resources through collaboration between County, State, and Federal agencies to achieve the CRA goals and objectives. Page 6319 of 6641 Values Community Sustainability Inclusivity Innovation Collaboration Mission To deliver high-quality public services that drive economic growth, enhance quality of life through affordable housing, innovative programs, and sustainable infrastructure, while preserving our community’s heritage for generations to come. STRATEGIC FOCUS AREAS Infrastructure and Asset Management Objectives: Community Development Objectives: Quality of Place Objectives: Responsible Governance Objectives: IMMOKALEE CRA STRATEGIC PLAN 2026 Vision To be a thriving rural community, to live, work, and play. 1 0 Modernization Projects: Invest in the upgrading and modernization of infrastructure, including roads, utilities, and public facilities. Sustainability Efforts: Implement green initiatives and sustainable practices in all redevelopment projects to protect the environment and promote long-term resilience. Maintenance Programs: Ensure regular maintenance and upkeep of public assets to preserve their value and functionality. Community Engagement: Foster strong relationships with local residents and stakeholders to ensure community needs are met. Aesthetic Enhancements: Improve public spaces with landscaping, art installations, and beautification projects to enhance the visual appeal of CRA areas. Safety Initiatives: Collaborate with local law enforcement and community support to ensure public safety and reduce crime rates. Cultural Preservation: Promote and preserve the unique cultural heritage and history of Immokalee through events, education, and cooperative efforts. Economic Growth: Support local businesses through grants, incentives, and development programs to stimulate economic activity and job creation. Affordable Housing: Partner with developers and housing organizations to increase the availability of affordable housing options for residents. Education and Training: Provide resources and programs to enhance workforce skills and educational opportunities within the community. Health and Wellness: Promote initiatives that support the physical and mental well-being of residents, including access to healthcare, recreational facilities, and healthy lifestyle programs. Transparency and Accountability: Maintain open lines of communication with the public, providing regular updates on CRA activities, budgets, and progress. Fiscal Responsibility: Ensure prudent management of CRA funds, prioritizing projects that offer the highest community benefit and return on investment. Policy Development: Continuously update and refine CRA policies to reflect best practices and adapt to changing community needs and regulatory environments. Stakeholder Collaboration: Work closely with local governments, businesses, and non- profit organizations to align CRA goals with broader county objectives. Page 6320 of 6641 Planning and CRA Operations Recruitment and Retention Strategic Plan Budget Integration Public Health and Safety 24/hour Medical Facility (Private Sector) Immokalee Lighting Plan Community Programs @ Immokalee Pioneer Museum Cultural Preservation Historic Cemetery on Main Street Immokalee Pioneer Museum IMMOKALEE PRIORITIES 2026 Affordable Housing Aquatics Capital Program (Immokalee Sports Complex) Fields Initiative Immokalee Sports Complex (Fields) Williams Preserve Dreamland Neighborhood Park South Immokalee Park Immokalee Community Park Ann Olesky Park Erosion Control (Lake Trafford seawall) Parks & Recreation Master Plan Economic Development Immokalee Community Campus (Catholic Charities) Immokalee Regional Airport (IMM) Improvements 8 Aircraft Hangars (Private Sector) 1 2 Aircraft Hangars (Private Sector) Florida National Guard Readiness Center Security Enhancements Environmental Assessment Master Plan Land Acquisition Infrastructure First Street Pedestrian Safety Project Sidewalk Phase III Project - Eustis Avenue & West Delaware Avenue Lake Trafford Corridor Improvements Lake Trafford Road Sidewalk Improvements Lake Trafford Stormwater Improvements Lake Trafford Road Lighting Improvements Main Street (SR29 from 9th Street to East 2nd Street) Streetscape Project Little League Road Extension 1 1 Parks, Recreation and Lake Trafford Affordable and Workforce Housing Page 6321 of 6641 1 2 ECONOMIC DEVELOPMENT Immokalee (IMM) Regional Airport Land Use Data Based on 2020 Zoning designations, 69% of the property within the CRA is zoned agricultural. Two percent (2%) is zoned commercial and only 3% is zoned industrial. 26% is Zone for Residential (mixed) use. 2022 Redevelopment Plan Commercial Facade Grant Program: In accordance with the Immokalee Area Master Plan, the CRA continues to provide financial incentives to businesses in Immokalee via the Commercial Facade Improvement Grant program. The CRA implemented the Program in October 2008. Since that time, 17 facade grants have been awarded to local businesses for a total of $294,621.67. Eligible applicants may receive grant funding up to $20,000 as reimbursement, using a one-half to-one match with equal applicant funding for facade improvements to commercial structures. Pay your impact fees in installments over a 30-year term. Available for single-family, multi-family and commercial projects. Non-ad valorem special assessment on property tax bill. 5% fixed interest rate (2026 applicants). An approved agreement must be executed and recorded prior to issuance of a Certificate of Occupancy or payment of impact fees. Assessment is superior to all other liens, titles, and claims, except state, county, and municipal taxes. Call or email for complete program requirements. The Impact Fee Installment Payment Program: The program was extended for five years on July 25, 2023, by the Board of County Commissioners. Program details: On April 9, 2024, the Board of County Commissioners approved a 30-year Impact Fee Installment Payment Plan for Immokalee Fair Housing Alliance (IFHA) for $195,160.96 in impact fees for 16 affordable units in the first of two residential buildings. A second approval on August 26, 2025, authorized a similar 30-year installment plan for another 16 units in the second building, for an additional $195,160.96. Overall, IFHA received approval for 32 units across two buildings, with a combined total of $390,321.92 to be paid over 30 years. Page 6322 of 6641 DEVELOPMENT HIGHLIGHTS Heckman Commercial Center on N. First StreetWendy’s on N. 15th Street 1 3 IMMOKALEE DEVELOPMENT 2025 was a busy year for both business development and expansion, as well as infrastructure improvements in the community. Page 6323 of 6641 ECONOMIC DEVELOPMENT Immokalee Regional Airport (IMM) Planned Projects: 2026 –Security Enhancements –Automating the vehicle gate on County Road 846 on the southwest corner of the airport and the purchase and installation of a 100KW emergency backup generator. This project is 90% designed and will go out to bid in January of 2026 and must be completed by June 30, 2026. 2026 –Identification, Mapping and Survey of all IMM Airport wetlands. 2026 –Approximately 330 Acres of Land Acquisition for the ultimate Extension of Runway 9-27 to 10,000 feet, including the Runway Safety Area (RSA). 2027 –Engineering & Design of the 1,600-foot Extension of Airpark Boulevard followed by the construction in 2028. 2027 –Master Plan Update. 2027 –A “Need and Justification” analysis for the Extension of Runway 9-27 to 7,500 feet from 5,000 feet and possibly widening to 150 feet from its current 100-foot width with the design and construction in 2027 and 2028. 2028 –FDOT Right-of-Way land acquisition for new road connecting County Road 826 to State Road 29 and to State Road 82. 2029 –Relocation of current Taxiway Bravo (future Taxiway Charlie). Planned Projects Not funded by Collier County, FAA, or FDOT (Private Sector Airport Improvements): 2025 –Private Sector (GFTS) funded 4 new Aircraft Hangars 2026 –Private Sector (QE) funded 26 new Aircraft Hangars 2026 –Private Sector (GFTS) funded 12 new Aircraft Hangars 2026 –Florida National Guard Readiness Center 2026 –GFTS Master Development Agreement for 500+ acres of IMM development land. 2026 –Collier Mosquito Control District –Aircraft Hangar & Support 14 DEVELOPMENT HIGHLIGHTS Page 6324 of 6641 IMMOKALEE HOUSING DEVELOPMENT Immokalee Foundation Learning Lab 18-home Subdivision Foundation Learning Lab 18-home subdivision is currently under construction. Collier Enterprises donated the 8.3 acres of land for a housing subdivision that serves as a hands-on learning laboratory for students enrolled in Career Pathways: Empowering Students to Succeed program. BCB Homes is serving as the general contractor. At the July 13, 2021, BCC board meeting (Agenda item 16.F.10) the board approved a recommendation to direct staff to develop a workforce development grant agreement with The Immokalee Foundation, to offset development costs on the housing subdivision for the Career Pathways Learning Lab, in the amount of $500,000. The Immokalee Foundation completed its first home in 2021 and will complete the final and 18th home in 2026. Habitat for Humanity of Collier County Kaicasa Housing Development Kaicasa is located at the Southeast corner of lmmokalee, on State Road 29 as you enter the agricultural village from the south. The new affordable community sits adjacent to the existing subsidized housing built in the 1970s for local and migrant farm workers known as Farm Workers Village. Once complete, this neighborhood will boast nearly 280 homes, making it the largest Habitat subdivision in the country. Construction started in August 2022. The minimum income to apply is $35,000 and the maximum varies by family size and Habitat neighborhood. Habitat is accepting applications for this development. For more information, please visit: https://www.habitatcollier.org/communities/kaicasa/ 1 5 HOME OWNERSHIP NON-PROFIT AND PRIVATE DEVELOPMENT Page 6325 of 6641 IMMOKALEE HOUSING HOUSING (RENTAL) NON-PROFIT DEVELOPMENT 1 6 Pulte Foundation -Monarca The Nuestra Señora de la Vivienda Community Foundation and the Pulte Family Charitable Foundation is proposing up to 250 single-family homes, built to rent, and an early education center for roughly 250 students. On October 10, 2023, the Board of County Commissioners approved a rezoning ordinance for the PFCF/NSV Immokalee MPUD to allow up to 250 horizontal multifamily dwelling units, 170 of which will be restricted as affordable, and a 250-student early childhood education center, on 50±acres located northeast of the intersection of Westclox Street and Carson Road in Immokalee, in Section 29, Township 46 South, Range 29 East, Collier County, Florida. Sainvilus Subdivision 4.5-acre residential subdivision located at 1215 Forrester Ave. and 1300 Roberts Ave. W. The owner is proposing a new, safe, hurricane resistant, residential development of 27 single-family attached (two family) homes including a new road, drainage and utility infrastructure. Page 6326 of 6641 IMMOKALEE HOUSING HOUSING (RENTAL) NON-PROFIT DEVELOPMENT Casa San Juan Diego is a Multi-Family Housing Development Casa San Juan Diego is an affordable housing development located at 1343 Hancock Street in Immokalee. This is a partnership between the National Development of America, Inc., and the Diocese of Venice to develop 80 affordable rental units on 9.6 acres of land adjacent to Our Lady of Guadalupe Church. The project consists of two buildings, a clubhouse, a multi-use playfield, and a multi- use court. 1 7 Immokalee Fair Housing Alliance Housing Development The Immokalee Fair Housing Alliance proposed a housing development consisting of 8 buildings with 16 apartments each or 128 units in all. Construction will progress in phases. Housing units will be two and three-bedroom apartments ranging in size from about 750 to 950 square feet. Land clearing started in September 2021. A Signature Moment Wall Raising Ceremony was held on March 1, 2023. Construction continues to progress. For more information, please visit http://www.ifha.info/and they are currently out for bid. Page 6327 of 6641 IMMOKALEE HOUSING HOUSING (RENTAL) NON-PROFIT DEVELOPMENT 1 8 Immokalee Community Campus Mendoza Housing Development Property owner is proposing the construction of a two-story multifamily residential building. The proposed project will be developed in two phases and will include a total of 40 units, along with supporting infrastructure such as a parking lot, drainage system, landscaping, and lighting on 10 acres. Property owner is proposing +/-11.5-acre affordable housing development at the northeast intersection of Rose Avenue and School Drive in Immokalee, FL. It will feature three 4-story buildings with 230 total build-to-rent multi-family units (46, 92, and 92 units per building). Amenities will include a playground, clubhouse, pool, lake (pond), and two access points (one at the Rose Ave/ School Drive intersection and one at 13th Street SE). Infrastructure improvements will provide parking, sidewalks, utilities, and stormwater management. Onda Rose Multi-Family Housing Development AKA: Wave at Rose Property owner is proposing to rezone from C-4 –MSOSD Overlay and RMF-6 to a Mixed Use Planned Development (MPUD) to allow 100 multifamily rental dwelling units (±14 dwelling units per acre); and up to 91,300 square feet of gross floor area of limited C-4 Commercial Intermediate District uses. As part of the 91,300 square feet of commercial uses, the MPUD shall include a community center a minimum of 28,000 square feet in size; a medical clinic and associated medical uses a minimum of 25,000 square feet; and retail/commercial uses a minimum of 10,300 square feet. Housing development is identified as area 1 on rendering. Page 6328 of 6641 INFRASTRUCTURE PROJECTS 1 9 Main Street Corridor Streetscape This project area is 0.61 miles along SR29 from 9th Street to 2nd Street. It focuses on streetscape enhancements with design services, permitting, and construction oversight led by Johnson Engineering. The project design budget of $212,598 is funded by MSTU. However, the project has been on a stop-work notice since September 27, 2023, to allow evaluation of the SR29 Loop Road project and investigate the potential future conveyance of Main Street to Collier County. Lake Trafford Corridor Lighting Project The Lake Trafford Road Lighting and Safety Improvement project is currently under a stop-work notice as of April 10, 2024, to address utility conflicts. The project involves completing a lighting justification study to determine lighting requirements using LCEC equipment and conducting a corridor survey. It will be phased alongside the Collier County Transportation Division's bike lane and drainage improvement project along Lake Trafford Road, from Little League Road to Laurel Street. The design budget includes $149,930 from MSTU funds and $100,000 from CRA, with 43% of the design work completed to date. Page 6329 of 6641 INFRASTRUCTURE PROJECTS 20 Immokalee Sidewalk Project Phase III Phase III of the Immokalee Sidewalk Project continues progress toward a safer, interconnected pedestrian network, following the completion of Phases 1 and 2 in 2018 and 2021. This phase includes constructing 6-foot-wide concrete sidewalks and drainage improvements along Eustis Street (KNA Howard Way) and W. Delaware from South 5th Street to South 1st Street. The project, funded through a partnership between the Immokalee CRA and Immokalee Beautification MSTU, received a $987,000 federal appropriations grant. After completing environmental reviews and securing HUD authorization, the project moved into the bidding phase, with a contractor selection process finalized in late 2024. The Board of County Commissioners approved the construction agreement in early 2025. A Limited Notice to Proceed was issued in November with full Notice to Proceed to follow in 2026. First Street Corridor Pedestrian Safety Project The South First Street Lighting and Pedestrian Safety Improvement Project has progressed through key planning, design, and funding phases. Initially, Q. Grady Minor & Associates developed feasibility studies and conceptual plans, leading to the selection of Kisinger Campos & Associates (KCA) for design work. The project secured a $250,000 Community Development Block Grant (CDBG) in 2022, followed by an additional conditional award of $1,001,371 in 2024 for construction. Design refinements, including the decision to install full corridor lighting and GE luminaire fixtures, were approved after coordination with Collier County departments. To address right-of-way conflicts, the project is being phased, with Phase 1 covering non -conflicting areas and Phase 2 requiring acquisitions. A phased agreement structure was approved to ensure compliance with grant timelines. Park Initiative –Immokalee Sports Complex On June 11, 2024, the BCC approved a $4,000,000 capital project budget for the renovation of the Immokalee Sports Complex. This project includes soccer fields, providing for the conversion of two (2) existing grass fields to artificial turf, construction of an additional restroom facility, and addressing stormwater management issues. Page 6330 of 6641 Scope of Work: The project encompassed the design and construction of: •20 miles of concrete sidewalks •Bike boulevard network •Shared-use path •Street lighting (362 new poles installed) •Bus shelters •A new transit center •Landscaping and drainage improvements •Intersection upgrades and traffic calming retreats INFRASTRUCTURE PROJECTS PROJECT MANAGEMENT DEPARTMENT: TRANSPORTATION MANAGEMENT SERVICES 21 Project History and Milestones: February 8, 2022: The BCC formally awarded the contract for Project #33563 to Quality Enterprises USA, Inc. Funding Sources: Federal Highway Administration (FHWA) TIGER Grant: $13,132,691 County Matching Funds: $9,736,589 Total Project Budget: $22,869,280 Construction Timeline: Design began in 2022. Construction commenced in Area 1 in March 2023. Final completion was achieved in Spring 2025. Page 6331 of 6641 IMMOKALEE MSTU 22 Landscape Maintenance Contract Services of the Immokalee Beautification MSTU consist of managing the maintenance of all public areas along Main Street (SR 29) and First Street (CR 846) within the limits of the Immokalee Urban Area. A&M Property Maintenance, a local Immokalee vendor, has been providing great service by performing various maintenance and repair services, such as lawn mowing, sidewalk and gutter cleaning, landscape maintenance, irrigation system management, and installing banners and holiday decorations. Additional incidental services are performed on an as-needed basis such as additional trash pick-up, removal and replacement of plantings, and paver repairs. Christmas decorations are also installed under this contract. Monthly observation (walking) tours are conducted with the Contractor, CRA Staff, Public, and CRA/ MSTU Board members. Page 6332 of 6641 COMMUNITY PARTNERSHIPS 23 Community Meetings Collier Community Taskforce Meeting Residential Community Clean-up Coastal Clean-up (Lake Trafford) Immokalee Unmet Needs Coalition (IUNC) IUNC Housing Sub-Committee Interagency Committee Council Immokalee Eastern Chamber of Commerce Breakfast Meeting Cherryle Thomas Christmas Around the World Parade & Gala Committee Richard M. Schultze Family Foundation (RMSFF) Community Assessment Advisory Committee (CAAC) Collier County: Community Needs and Assessment (CAN) Report Florida Heartland Economic Region of Opportunity Capital Project Planning, Impact Fees and Program Management Code Enforcement Corporate Financial & Management Services Facilities Management Growth Management Housing Policy & Economic Development Parks and Recreation Planning & Zoning Public Utilities Public Services Road Maintenance Sheriff’s Office Solid Waste Transportation Management County Partnerships: Page 6333 of 6641 QUALITY OF PLACE COMMUNITY OUTREACH 24 Florida Army National Guard Readiness Center Groundbreaking Ceremony February 2025 Immokalee Water & Sewer District Groundbreaking for Carson Road Lift Station January 2025 Pinecrest Elementary School Leadership Day February 2025 Neighborhood Cleanup March 2025 Howard Way Roadway Name Change Celebration January 2025 Page 6334 of 6641 25 COMMUNITY OUTREACH CRA received Chamber Award April 2025 Lipman Backpack event August 2025 Chamber Member Recognition October 2025 TIGER Grant Ribbon Cutting Ceremony October 2025 Cattle Drive March 2025 Immokalee High School Alumni Event April 2025 Prospera Event February 2025 Christmas Tree Lighting event December 2025 Page 6335 of 6641 IMMOKALEE CRA TAX INCREMENT REVENUE 2001 -2025 26 Page 6336 of 6641 IMMOKALEE CRA OPERATIONS AND GRANTS 27 IMMOKALEE CRA OPERATIONS AND GRANTS (FY-25 BUDGET to Actual –CRA Operations and Grants Fund 1025,1026,1027, & 1028) On September 18, 2025, the CRA Board approved a budget amendment authorizing carry-forward in CRA Operating fund (1025) to the CRA Capital Fund (1026) to ensure compliance with 163.387(7) Florida Statutes by appropriating funds to specific projects pursuant to the approved community redevelopment plan for the Immokalee Community Redevelopment Area. In accordance with Florida Statutes section 163.371 (2), the annual report for the Immokalee Community Redevelopment Area (ICRA) has been filed with Collier County. This report includes information on activities for fiscal year 2025. In accordance with Florida Statutes section 163.387(8), the most recent complete audit report of the redevelopment trust fund will be published on the CRA website (lmmokaleeCRA.com) within 45 days after completion. The most recent audit 2024 is available online at www.ImmokaleeCRA.com. Page 6337 of 6641 IMMOKALEE CRA BEAUTIFICATION MSTU 28 IMMOKALEE BEAUTIFICATION MSTU (FY-25 BUDGET to Actual –Immokalee Beautification MSTU Fund 1629 Page 6338 of 6641 IMMOKALEE CRA MSTU MANAGED ROAD SEGMENT ROW 29 IMMOKALEE MSTU MANAGED ROAD SEGMENT ROW (FY-25 BUDGET to Actual –Immokalee Road & State Road 29 Fund 1011-163805 Page 6339 of 6641 Collier County Community Redevelopment Agency –Immokalee 750 South 5th Street Immokalee, FL 34142 www.ImmokaleeCRA.com 239-867-0025 Page 6340 of 6641 COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY  (A Component Unit of Collier County, Florida)  Financial Statements  Year Ended September 30, 2024   (With Report of Independent Certified Public Accountants)  Page 6341 of 6641 COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY  (A Component Unit of Collier County, Florida)  Table of Contents  Page  Independent Auditors’ Report .........................................................................................................................................  1  Management’s Discussion and Analysis  ........................................................................................................................... 4  Financial Statements:  Government‐wide Financial Statements    Statement of Net Position ................................................................................................................................. 10    Statement of Activities ....................................................................................................................................... 11  Fund Financial Statements    Balance Sheet – Governmental Funds............................................................................................................... 12    Reconciliation of the Balance Sheet of Governmental Funds to the Statement of Net Position ................... 13    Statement of Revenues, Expenditures and Changes in Fund Balances, Governmental Funds ....................... 14  Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of  Governmental Funds to the Statement of Activities ................................................................................. 15  Bayshore Gateway Community Redevelopment Agency Statement of Revenues, Expenditures and  Changes in Fund Balances, Budget and Actual (Budgetary Basis) ............................................................. 16  Immokalee Community Redevelopment Agency Statement of Revenues, Expenditures and Changes in  Fund Balances, Budget and Actual (Budgetary Basis) ................................................................................ 17  Notes to the Financial Statements ........................................................................................................................... 18  Required Supplementary Information:  Schedule of the CRA’s Proportionate Share of the Net Pension Liability, Florida Retirement System  Pension Plan, Last Ten Fiscal Years ............................................................................................................. 40  Schedule of the CRA’s Contributions, Florida Retirement System Pension Plan, Last Ten Fiscal Years ......... 40  Schedule of the CRA’s Proportionate Share of the Net Pension Liability, Retiree Health Insurance  Subsidy Program, Last Ten Fiscal Years ...................................................................................................... 40  Schedule of the CRA Contributions, Retiree Health Insurance Subsidy Program, Last Ten Fiscal Years ........ 40  Schedule of Changes in the Collier County Community Redevelopment Agency’s Total OPEB Liability  and Related Ratios ....................................................................................................................................... 42  Reporting Section:  Independent Auditors’ Report on Internal Control Over the Financial Reporting and on Compliance and  Other Matters Based on an Audit of Financial Statements Performed in Accordance With  Government Auditing Standards ....................................................................................................................... 47   Management Letter in Accordance with the Rules of the Auditor General of the State of Florida ..................... 49  Independent Accountant’s Report on Compliance Pursuant to Section 218.415 Florida Statutes ...................... 52  Page 6342 of 6641 CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global. See CLAglobal.com/disclaimer.  CliftonLarsonAllen LLP  CLAconnect.com  INDEPENDENT AUDITORS’ REPORT Executive Board Collier County Community Redevelopment Agency Collier County, Florida Report on the Audit of the Financial Statements Opinions We have audited the accompanying financial statements of the governmental activities and each major fund of the Collier County Redevelopment Agency (CRA), a component unit of Collier County, Florida, as of and for the year ended September 30, 2024, and the related notes to the financial statements, which collectively comprise the CRA’s basic financial statements as listed in the table of contents. In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the CRA, as of September 30, 2024, and the respective changes in financial position, and the respective budgetary comparisons for the Bayshore Gateway Community Redevelopment Agency Fund and Immokalee Community Redevelopment Agency Fund for the year then ended in accordance with accounting principles generally accepted in the United States of America. Basis for Opinions We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the CRA and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the CRA’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. Page 6343 of 6641 Executive Board Collier County Community Redevelopment Agency Collier County, Florida Auditors’ Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements. In performing an audit in accordance with GAAS and Government Auditing Standards, we: Exercise professional judgment and maintain professional skepticism throughout the audit. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the CRA’s internal control. Accordingly, no such opinion is expressed. Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements. Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about CRA’s ability to continue as a going concern for a reasonable period of time. We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit. 2 Page 6344 of 6641 Executive Board Collier County Community Redevelopment Agency Collier County, Florida Required Supplementary Information Accounting principles generally accepted in the United States of America require that management’s discussion and analysis, the schedules of the CRA’s proportionate share of the net pension liability and of CRA contributions, and the schedule of changes in the CRA’s total OPEB liability and related ratios be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with GAAS, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated March 10, 2025, on our consideration of the CRA’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the CRA’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the CRA’s internal control over financial reporting and compliance. CliftonLarsonAllen LLP Naples, Florida March 10, 2025 3 Page 6345 of 6641 COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY  (A Component Unit of Collier County, Florida)  Management’s Discussion and Analysis  (Unaudited)  This section of the Collier County Community Redevelopment Agency’s (CRA) financial report represents  management’s discussion and analysis of the CRA’s financial performance during the fiscal year ended September  30, 2024.  Please read the information presented here in conjunction with the financial statements and notes to  the financial statements which follow this section.   The CRA was created by the Collier County Board of County Commissioners on March 14, 2000, by Resolution  2000‐82.  The CRA has two redevelopment areas:  The Bayshore Gateway Triangle Community Redevelopment  Area and the Immokalee Community Redevelopment Area.  The Collier County Board of County Commissioners is  the ex‐officio governing Board of the CRA.    Financial Highlights  -The CRA’s assets and deferred outflows of resources exceeded its liabilities and deferred inflows of resources as of September 30, 2024, by $32,243,282. -The CRA’s total net position increased by $3,679,545 during fiscal year 2024.  The increase is primarily due to an increase in tax increment revenue as a result of an increase in property tax values. Overview of the Financial Statements  This discussion and analysis is intended to serve as an introduction and explanation of the CRA’s basic financial  statements.  The CRA’s financial statements include government‐wide and fund financial statements, as well as  notes to the basic financial statements.  This report also contains required supplementary information in addition  to the financial statements themselves.   Government‐Wide Financial Statements  Government‐wide financial statements are designed to provide the reader an overview of the financial position  of the CRA and are similar to private sector financial statements.  These statements are comprised of a Statement  of Net Position and a Statement of Activities and are found on pages 10 to 11 of this report.   The Statement of Net Position shows the financial position of the CRA as of September 30, 2024.  The statement  shows the CRA’s assets and deferred outflows of resources less its liabilities and deferred inflows of resources,  with the difference being reported as net position.  Changes in net position are useful indicators of financial  condition.   4 Page 6346 of 6641 The Statement of Activities follows the Statement of Net Position and reports the changes in net position over the  fiscal period.   All changes in net position are reported as soon as the underlying events that gave rise to the change  occur, regardless of the timing of the related cash flows.  Thus, revenues and expenses are reported for some  items, such as accounts receivable or accrued unused vacation leave, that will manifest themselves in cash inflows  and outflows, respectively, in future fiscal periods.  The CRA’s government‐wide financial statements present functions of the CRA that are principally supported by  tax increment financing (governmental activities).  The CRA has no business‐type activities.  Fund Financial Statements  A fund is a group of related accounts used to maintain control over resources that have been segregated to meet  specific objectives.  As dictated by generally accepted accounting principles, the CRA uses fund accounting to  ensure and demonstrate compliance with finance related legal requirements.  The CRA utilizes two funds for the  fiscal year ended September 30, 2024: the Bayshore Gateway Community Redevelopment Agency Fund and the  Immokalee Community Redevelopment Agency Fund.  Governmental funds, presented on pages 12 to 17, account for substantially the same functions as governmental  activities reported under the government‐wide Statement of Net Position and Statement of Activities.  The  difference is that the governmental fund financial statements focus on inflows and outflows of expendable  resources, as well as balances of expendable resources available at the end of the fiscal year, on a near term basis.   As such, these statements present a narrower view of financial condition, but are nonetheless useful in evaluating  the CRA’s near term financing requirements and available resources.   The CRA adopts an annual budget for all funds as described in Note 1 to the financial statements. Budgetary  comparison statements presented demonstrate compliance with the budget and provide an analysis of significant  budgetary variances (both original budget versus the final amended budget).  Notes to the Financial Statements  The notes provide additional information essential to a full understanding of the data provided in both the  government‐wide and fund financial statements.  The notes appear on pages 18 to 37 of this report.  5 Page 6347 of 6641 Government‐Wide Financial Analysis  The following are the CRA’s net position and changes in net position for the fiscal years ended September 30, 2023  and 2024, shown in condensed form:   2024 2023 2023‐2024 Current and other assets 21,485,347$     17,666,073$  3,819,274$     21.6% Capital assets, net 11,396,265  11,565,142  (168,877)  (1.5%)   Total assets 32,881,612  29,231,215  3,650,397   12.5% Deferred outflows of resources 115,181   133,737  (18,556)  (13.9%) Current liabilities 236,907   223,321  13,586   6.1% Long‐term liabilities 467,133   559,096  (91,963)  (16.4%)   Total liabilities 704,040   782,417  (78,377)  (10.0%) Deferred inflows of resources 49,471  18,798    30,673   163.2% Net position: Net investment in capital assets 11,365,545  11,565,142  (199,597)  (1.7%) Restricted 20,877,737  16,998,595  3,879,142   22.8%   Total net position 32,243,282$     28,563,737$  3,679,545$     12.9% Collier County Community Redevelopment Agency (A Component Unit of Collier County, Florida) Schedule of Net Position Total  Percentage  Change Governmental Activities Increase  (Decrease) The largest portion of the CRA’s net position is $20,877,737 in restricted net position for use in community  redevelopment. Restricted net position is subject to external restriction on how they may be used.    The CRA’s net position also includes $11,365,545 related to investment in capital assets such as land, building,  improvements other than buildings, infrastructure and machinery and equipment, net of depreciation and any  outstanding debt or payables related to the construction or purchase of the assets.  Capital assets are used to  provide services to the citizens within the CRA district and consequently do not represent spendable resources.   6 Page 6348 of 6641 2024 2023 2023‐2024 Revenues Program revenues:    Fines, fees and charges for services 307,344$       43,261$     264,083$     610.4% General revenues:   Property taxes (TIF)4,802,500  4,556,700   245,800    5.4%   Gain on sale of assets 115  361,423  (361,308)   100.0%   Interest earnings 974,971   530,580  444,391    83.8%   Miscellaneous 3,000  455    2,545  559.3%   Total revenues 6,087,930  5,492,419   595,511    10.8% Expenses   Economic environment 2,408,385  2,079,412   328,973    15.8%     Interest  on long‐term debt ‐   20    (20) (100.0%)   Total expenses 2,408,385  2,079,432   328,953    15.8% Increase in net        position before net transfers     3,679,545  3,412,987   266,558    7.8% Net appropriation from County funds ‐   122,019  (122,019)    (100.0%) Change in net position 3,679,545  3,535,006   144,539    4.1% Net position – beginning 28,563,737   25,028,731  3,535,006   14.1% Net position – ending 32,243,282$ 28,563,737$     3,679,545$      12.9% Collier County Community Redevelopment Agency (A Component Unit of Collier County, Florida) Schedule  of Changes in Net Position Total  Percentage  ChangeGovernmental Activities Increase  (Decrease) At September 30, 2024, the CRA’s total net position amounted to $32,243,282, as compared to $28,563,737 as  of September 30, 2023.  Net position changes as a result of operations, non‐operating revenues and expenses.    Property taxes increased $245,800 primarily due to an increase in the property values within the CRA district.   Tax increment revenues are a function of the increase in the assessed values of properties within the CRA  district above the base year valuation amounts, as well as the operating millage rate of each taxing district that  contributes.  Charges for service decreased due to the completion of the fire suppression and sidewalk projects  that were reimbursed in part by the Board of County Commissioners.  Interest earnings increased because of  overall economic improvement.   Economic environment expenses increased by $328,973, when compared to fiscal year 2023.  This is a result of  an increase in operating expenses of $535,105, and a decrease in payroll services by $76,759.    7 Page 6349 of 6641 Fund Financial Statement Analysis  As mentioned previously, the CRA utilizes fund accounting to ensure compliance with finance related legal  requirements.  Governmental Funds  Governmental funds provide information on near term inflows, outflows, and balances of spendable resources.   Unassigned fund balance is a useful measure of net resources available to be spent at the end of the fiscal year.   Governmental funds consist of two special revenue funds.    As of September 30, 2024, the CRA reported combined restricted fund balances of $21,300,269, an increase of  $3,819,549 when compared to prior year combined fund balances.  The restricted fund balance consists of monies  whose expenditures are externally constrained by grantors, creditors, binding law or enabling legislation.    The following were noteworthy activities and changes relating to the governmental funds for fiscal year 2024:  The Bayshore Gateway Community Redevelopment Agency was created to benefit blighted areas in the Bayshore  Gateway Triangle community. During fiscal year 2024, the Bayshore Gateway Community Redevelopment Agency  collected $3,584,100 in tax increment revenues, an increase of $235,200 from fiscal year 2023.  This increase is  due to the increase in taxable property values within the geographic boundary of the agency.  In addition, the  Agency received $136,800 in charges for services from a redevelopment project and $750,413 in interest earnings,  and $3,000 in miscellaneous revenue from a settlement.  Economic environment expenditures of $1,510,018,  mainly consisting of personal services and planning and consulting services within the district.  The Immokalee Community Redevelopment Agency was created to benefit blighted areas in Immokalee. During  fiscal year 2024, the Immokalee Community Redevelopment Agency collected $1,218,400 in tax increment  revenues, an increase of $10,600 from the previous fiscal year.  This increase is due to the increase in taxable  property values within the geographic boundary of the agency. In addition, the Agency received $170,544 in  charges for services, and $224,558 in interest earnings.  Economic environment expenditures of $539,986, mainly  personal services and general operating expenditures, were associated with the Immokalee Community  Redevelopment Agency.  Capital Assets  The CRA’s financial statements present capital assets in two distinct groups, those that are depreciated and those  not subject to depreciation.  Buildings, improvements, and equipment are examples of assets that are  depreciated, and land and construction in progress are examples of assets that are not depreciated.  The CRA’s  capital assets, net of accumulated depreciation, decreased by $168,877 from $11,565,142 at the end of fiscal year  2023 to $11,396,265 at the end of fiscal year 2024.  In addition, capital outlay expenditures of $125,614 were  made for bus shelters and road improvements in Bayshore Gateway Community Redevelopment district and  $92,763 of capital outlay were made for pedestrian safety improvements in Immokalee Community  Redevelopment district.  Additional information regarding the CRA’s capital assets can be found in Note 3 on page 25 of this report.  8 Page 6350 of 6641 Debt Administration  At September 30, 2024 the CRA had no change in total outstanding debt, from the previous year.  There are no  new leases or borrowings during the fiscal year.  The Constitution of the State of Florida, Florida Statute 200.181 and Collier County set no legal debt limit.  Further  information regarding the CRA’s long‐term debt can be found in Note 4 on page 25 of this report.  Economic Factors and Fiscal Year 2025 Budgets and Rates   The following factors were considered in preparing the CRA’s fiscal year 2025 budget:  A 1.5% increase in countywide taxable property values. Rolled back General Fund tax rate. A 3% cost of living adjustment along with an additional 1.5% to implement a merit‐based incentive program and 0.5% pay plan adjustment for targeted job classifications. A 7% increase to the health insurance premiums and continued cost sharing of 80% employer and 20% employee across all agencies (excluding Sheriff). Contact Information  This financial report is intended to give the user a general overview of CRA’s finances.  Any questions resulting  from review of this information may be addressed to:  Collier County Clerk of the Circuit Court and Comptroller  Department of Finance and Accounting   3299 Tamiami Trail East, Suite #403   Naples, Florida 34112‐5746  Our office may also be contacted via the internet at www.collierclerk.com.  9 Page 6351 of 6641 Governmental Activities ASSETS Current assets: Cash and investments 154,358$  Interest receivable 65,545  Due from other governments 13,374  Deposits 625  Inventory for resale 3,694,000  Total current assets 3,927,902  Noncurrent assets:  Cash and investments 17,557,445                 Capital assets:  Land and non‐depreciable capital assets  3,737,738  Depreciable and amortizable capital assets, net 7,658,527  Total noncurrent assets 28,953,710                     Total assets 32,881,612                 DEFERRED OUTFLOWS OF RESOURCES Deferred outflows of resources related to OPEB 5,392  Deferred outflows of resources related to pensions  109,789    Total deferred outflows of resources 115,181  LIABILITIES Current liabilities:  Accounts payable 115,643  Wages payable 38,641  Due to Collier County 30,794  Compensated absences 49,716  Total OPEB liability 1,416  Net pension liability 697  Total current liabilities 236,907  Noncurrent liabilities:  Compensated absences 12,429  Total OPEB liability 22,183  Net pension liability 432,521  Total noncurrent liabilities 467,133      Total liabilities 704,040  DEFERRED INFLOWS OF RESOURCES  Deferred inflows of resources related to OPEB 2,140  Deferred inflows of resources related to pensions  47,331    Total deferred inflows of resources 49,471  NET POSITION  Net investment in capital assets 11,365,545                 Restricted for: Community redevelopment 20,877,737                   Total net position 32,243,282$               The notes to the financial statements are an integral part of this statement.   COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of Collier County, Florida) STATEMENT OF NET POSITION SEPTEMBER 30, 2024 10 Page 6352 of 6641 Fees, Fines and Operating Primary Government Charges for Grants and Governmental Expenses Services Contributions Activities Primary Government:  Governmental Activities:  Economic environment 2,408,385$    307,344$             ‐$ (2,101,041)$  Total governmental activities 2,408,385$    307,344$             ‐$ (2,101,041)  General revenues:  Property taxes 4,802,500  Gain on sale of assets 115  Interest earnings 974,971  Miscellaneous 3,000    Total general revenues 5,780,586  Change in net position 3,679,545  Net position ‐ beginning 28,563,737  Net position ‐ ending 32,243,282$  The notes to the financial statements are an integral part of this statement.   FUNCTIONS/PROGRAMS  Program Revenues COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of Collier County, Florida) STATEMENT OF ACTIVITIES FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024  Net (Expense) Revenue  and Changes in Net  Position  11 Page 6353 of 6641 Bayshore Gateway Immokalee Community Community Total Redevelopment Redevelopment Governmental Agency Agency Funds ASSETS  Cash and investments 13,503,240$        4,208,563$           17,711,803$         Receivables:  Interest 50,469 15,076 65,545  Due from other governments 13,355 19 13,374  Deposits ‐ 625 625  Inventory for resale 3,694,000             ‐ 3,694,000              Total assets 17,261,064$        4,224,283$           21,485,347$         LIABILITIES AND FUND BALANCE Liabilities:  Accounts payable 99,412$                16,231$                115,643$               Wages payable 24,301 14,340 38,641  Due to Collier County ‐ 30,794 30,794  Total liabilities 123,713                61,365 185,078                 Fund balance:   Restricted for community redevelopment 17,137,351           4,162,918             21,300,269            Total fund balance  17,137,351           4,162,918             21,300,269            Total liabilities and fund balance  17,261,064$        4,224,283$           21,485,347$         The notes to the financial statements are an integral part of this statement.   COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2024 (A Component Unit of Collier County, Florida) 12 Page 6354 of 6641 21,300,269$       Land and other non‐depreciable assets 3,737,738$         Depreciable assets, net of $3,664,704 in accumulated depreciation 7,658,527          11,396,265         Compensated absences (62,145)$             Total OPEB liability (23,599)                Net pension liability (433,218)            (518,962)             5,392  109,789               (2,140)                  (47,331)                Total net position ‐ governmental activities 32,243,282$       The notes to the financial statements are an integral part of this statement.  OPEB deferred inflows  Fund balances ‐ total governmental funds  Certain liabilities applicable to the CRA's governmental activities are  not due and payable in the current period and accordingly are not  reported as fund liabilities.  Interest on long‐term debt is not accrued in  the governmental funds, but is recognized as an expenditure when due.  All liabilities are reported in the statement of net position.  Balances at  September 30, 2024 are: OPEB deferred outflows  Capital assets used in governmental activities are not financial  resources and therefore are not reported in the funds.  Those assets  consist of:   Pension deferred outflows  Pension deferred inflows  COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY RECONCILIATION OF THE BALANCE SHEET OF GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION SEPTEMBER 30, 2024 Differences in amounts reported for governmental activities in the statement of net position on page 10: (A Component Unit of Collier County, Florida) 13 Page 6355 of 6641 Bayshore Gateway Immokalee Community Community Total Redevelopment Redevelopment Governmental Agency Agency Funds Revenues: Taxes 3,584,100$           1,218,400$           4,802,500$            Charges for services 136,800                170,544                307,344                 Interest earnings 750,413                224,558                974,971                 Miscellaneous 3,000 ‐ 3,000  Total revenues 4,474,313             1,613,502             6,087,815              Expenditures: Economic environment Personal services 392,822                263,992                656,814                 Operating 1,117,196             275,994                1,393,190              Debt service Capital outlay 125,614                92,763 218,377                 Total expenditures 1,635,632             632,749                2,268,381              Excess of revenues over expenditures 2,838,681             980,753                3,819,434              Other financing sources (uses): Sale of capital assets ‐ 115 115  Total other financing sources (uses)‐ 115 115  Net change in fund balances 2,838,681             980,868                3,819,549              Fund balance at beginning of year 14,298,670           3,182,050             17,480,720            Fund balance at end of year 17,137,351$        4,162,918$           21,300,269$         COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE GOVERNMENTAL FUNDS FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 The notes to the financial statements are an integral part of this statement.  (A Component Unit of Collier County, Florida) 14 Page 6356 of 6641 3,819,549$         Capital outlay 218,377               Depreciation and amortization expense (387,254)             Compensated absences (16,172)$             OPEB expense (342)  Pension expense 45,387                28,873                 Change in net position ‐ governmental activities  3,679,545$         The notes to the financial statements are an integral part of this statement.   Certain amounts reported in the statement of activities do not require  the use of current financial resources and therefore are not reported as  expenditures in the governmental funds.  COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES Differences in amounts reported for governmental activities in the statement of activities on page 11:   FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 (A Component Unit of Collier County, Florida) Net change in fund balances ‐ total governmental funds  Governmental funds report capital outlays as expenditures.  However,  in the statement of net position the cost of these assets is allocated  over their estimate useful lives and reported as depreciation expense.  15 Page 6357 of 6641 Original Final Budget Budget Actual Variance Revenues: Taxes 3,584,100$           3,584,100$           3,584,100$           ‐$  Charges for Services 232,600                232,600                136,800                (95,800)  Interest earnings 44,600 44,600 485,504                440,904                 Miscellaneous ‐ ‐ 3,000 3,000  Total revenues 3,861,300             3,861,300             4,209,404             348,104                 Expenditures: Economic environment Personal services 581,900                581,900                392,822                189,078                 Operating 1,464,100             5,624,257             1,117,196             4,507,061              Capital outlay 1,783,500             9,035,822             125,614                8,910,208              Total expenditures 3,829,500             15,241,979           1,635,632             13,606,347            Excess (deficit) of revenues over      (under) expenditures 31,800 (11,380,679)         2,573,772             13,954,451            Other financing sources (uses): Transfers in 2,647,500             3,088,500             3,143,843             55,343 Transfers out (2,647,500)           (3,088,500)           (3,143,843)           (55,343)  Total other financing sources (uses)‐‐‐‐ Net change in fund balance 31,800 (11,380,679)         2,573,772             13,954,451            Fund balance at beginning of year ‐12,722,880           14,298,670           1,575,790              Fund balance at end of year 31,800$                1,342,201$           16,872,442$        15,530,241$         Reconciliation:   Net change in fund balance, budgetary basis  2,573,772$            Net change in fair value of investments 264,909                 Transfer in from sub‐fund (3,143,843)            Transfer out from sub‐fund 3,143,843              Net change in fund balance, GAAP basis 2,838,681$            The notes to the financial statements are an integral part of this statement.  COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY BAYSHORE GATEWAY COMMUNITY REDEVELOPMENT AGENCY STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (BUDGETARY BASIS) FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 (A Component Unit of Collier County, Florida) 16 Page 6358 of 6641 Original Final Budget Budget Actual Variance Revenues: Taxes 1,218,400$           1,218,400$           1,218,400$           ‐$  Intergovernmental ‐987,000                ‐(987,000)                Charges for services 92,800 1,344,171             170,544                (1,173,627)            Interest earnings 13,700 13,700 144,937                131,237                 Total revenues 1,324,900             3,563,271             1,533,881             (2,029,390)            Expenditures: Economic environment Personal services 258,900                266,310                263,992                2,318  Operating 400,000                903,000                275,994                627,006                 Capital outlay 612,300                5,752,736             92,763 5,659,973              Total expenditures 1,271,200             6,922,046             632,749                6,289,297              Excess (deficit) of revenues    over (under) expenditures 53,700 (3,358,775)           901,132                4,259,907              Other financing sources (uses): Sale of capital assets ‐‐115 115  Transfers in 542,700                763,400                840,729                77,329 Transfers out (542,700)               (763,400)               (840,729)               (77,329)  Total other financing sources (uses)‐‐115 115  Net change in fund balance 53,700 (3,358,775)           901,247                4,260,022              Fund balance at beginning of year ‐3,779,475             3,182,049             (597,426)                Fund balance at end of year 53,700$                420,700$              4,083,296$           3,662,596$            Reconciliation:   Net change in fund balance, budgetary basis  901,247$               Net change in fair value of investments 79,621 Transfer in from sub‐fund (840,729)                Transfer out from sub‐fund 840,729                 Net change in fund balance, GAAP basis  980,868$               The notes to the financial statements are an integral part of this statement.   COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY IMMOKALEE COMMUNITY REDEVELOPMENT AGENCY STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES BUDGET AND ACTUAL (BUDGETARY BASIS) FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 (A Component Unit of Collier County, Florida) 17 Page 6359 of 6641 NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  The financial statements of the Collier County Community Redevelopment Agency (CRA) have been prepared in  accordance with accounting principles generally accepted in the United States of America for governmental entities  (GAAP).  The more significant of the CRA’s accounting policies are described below.  THE REPORTING ENTITY  The CRA was established by Resolution 2000‐82 to benefit blighted areas in both the Immokalee Redevelopment  and Bayshore Gateway Triangle Redevelopment Areas.  These two redevelopment areas are geographically  separate and distinct.  The Board of the CRA (Board) is governed by the five members of the Collier County Board  of County Commissioners (County).  The CRA is considered to be a blended component unit in the County’s Annual  Comprehensive Financial Report.  GOVERNMENT‐WIDE AND FUND FINANCIAL STATEMENTS  The basic financial statements consist of the government‐wide financial statements and fund financial statements.   Government‐wide financial statements include a Statement of Net Position and a Statement of Activities.  These  statements report on the government as a whole and provide a consolidated financial picture of the government.   As part of the consolidation process, interfund activities are eliminated to avoid distorted financial results.  The  Statement of Net Position reports all financial and capital resources of the CRA’s governmental activities.   Governmental activities are those supported by charges for services, taxes and intergovernmental revenues.  The  Statement of Activities demonstrates the degree to which the direct expenses of a given function or segment is  offset by program revenues.  Direct expenses are those that are clearly identifiable with a specific function or  segment.  Program revenues include charges for goods or services that are recovered directly from customers for  services rendered and grants and contributions that are restricted to capital or operational use in a particular  program.  Taxes and other items not included among program revenues are reported instead as general revenues.   Separate financial statements are provided for governmental funds.  Major individual governmental funds are  reported as separate columns in the fund financial statements.  Since the governmental fund financial statements  are presented on a different measurement focus and basis of accounting than the government‐wide statements, a  reconciliation is provided which briefly explains the adjustments necessary to reconcile the results of governmental  fund accounting to the government‐wide presentations.  BASIS OF PRESENTATION  The following are reported as major governmental funds:  Bayshore Gateway Community Redevelopment Agency Special Revenue Fund – The Bayshore Gateway  Community Redevelopment Agency Special Revenue Fund is used to account for the receipt and  expenditures of tax increment revenues generated by the Bayshore Gateway Community Redevelopment  Area.  Immokalee Community Redevelopment Agency Special Revenue Fund – The Immokalee Community  Redevelopment Agency Special Revenue Fund is used to account for the receipt and expenditures of tax  increment revenues generated by the Immokalee Community Redevelopment Area.  18 Page 6360 of 6641 MEASUREMENT FOCUS AND BASIS OF ACCOUNTING   Measurement focus indicates the type of resources being measured such as current financial resources (current  assets less current liabilities) or economic resources (all assets and liabilities).  Basis of accounting refers to when  revenues and expenditures or expenses are recognized in the accounts and reported in the financial  statements.  The basis of accounting relates to the timing of the measurements made regardless of the  measurement focus applied.   The government‐wide financial statements are reported using the economic resources measurement focus and the  accrual basis of accounting. With this measurement focus, all assets and liabilities associated with the operation of  these funds are included on the Statement of Net Position and the operating statements present increases (i.e.,  revenues) and decreases (i.e., expenses) in net position.  Under the accrual basis of accounting, revenues are  recognized in the period in which they are earned and measurable, and expenses are recognized in the period  incurred.  Grant and similar revenues are recognized when eligibility requirements are met.    Governmental fund financial statements are reported using the current financial resources measurement focus and  the modified accrual basis of accounting.  With this measurement focus, only current assets and current liabilities  generally are included on the balance sheet.  Operating statements of these funds present increases (i.e., revenues  and other financing sources) and decreases (i.e., expenditures and other financing uses) in fund balance. Under the  modified accrual basis of accounting, revenues are recognized when they become measurable and available to  finance expenditures of the fiscal period.  Generally, revenues are considered available when they are collected  within the current period or within 60 days after the end of the fiscal year.  Grant revenues are an exception and  are considered available when eligibility requirements are met.  Primary revenues which have been treated as  susceptible to accrual include, where material, charges for services, interest earnings and intergovernmental  revenues.  Expenditures are recorded when the related fund liability is incurred.  Exceptions to this general rule  include accrued compensated absences, pension, other postemployment benefits and principal and interest on  long‐term debt.   CASH, CASH EQUIVALENTS AND INVESTMENTS  The CRA participates in the County’s pooled cash investment program.  Investment income is allocated to individual  funds based upon their average daily balance in cash and investment pool.  Investments in debt securities are  recorded at fair value based upon values obtained from an independent pricing service. Investments in Local  Government Surplus Funds Trust Fund (Florida Prime) are stated at fair value.  The County categorizes its fair value  measurement within the fair value hierarchy established in Government Accounting Standards Board Statement  No. 72, Fair Value Measurement and Application.  RECEIVABLES  The accounts receivables of the CRA are recorded net of allowances for uncollectible accounts, if any. All non‐user  receivables over one year old are recorded as uncollectible.  The CRA’s unbilled service revenues are accrued at the  end of the year by prorating actual subsequent billings.  INVENTORY HELD FOR RESALE  Inventory held for resale consists of real estate holdings which the CRA intends to sell.  The value of these properties  includes the original purchase price.  Inventory held for resale of $3,694,000 is classified as restricted, which  indicates that they do not constitute available resources.  19 Page 6361 of 6641 CAPITAL ASSETS  Capital assets purchased for use in the operations of the CRA are stated at cost.  Contributed collection systems and  equipment are recorded at acquisition value on the date of contribution.  Depreciation is provided using the  straight‐line method over the estimated useful lives of the assets ranging from 3‐20 years for equipment, 3‐30 years  for infrastructure, 20‐45 years for buildings, and from 4‐45 years for improvements other than buildings.  The CRA capitalizes expenditures with a cost of $5,000 or more and with a useful life in excess of one year.   Expenditures for maintenance and repairs are charged to operating expenses.  The cost of capital assets retired or  sold, together with the related accumulated depreciation, is removed from the accounts and any gain or loss on  disposition is credited or charged to earnings.  LEASES  The CRA follows the provisions of Government Accounting Standards Board Statement No. 87, Leases. This  statement establishes a single model for lease accounting based on the foundational principle that leases are  financings of the right to use an underlying asset.   As a lessee, the CRA recognizes a lease liability and an intangible right‐to‐use lease asset in the CRA’s financial  statements.  The CRA initially measures the lease liability at the present value of payments expected to be made  during the lease term.  Subsequently, the lease liability is reduced by the principal portion of lease payments made.  The lease asset is initially measured as the initial amount of the lease liability, adjusted for lease payments made at  or before the lease commencement date, plus certain initial direct costs.  Subsequently, the lease asset is amortized  on a straight‐line basis over the term of the lease.  The CRA monitors changes in circumstances that would require a remeasurement of its lease and will remeasure  the leases if certain changes occur that are expected to significantly affect the amount of the lease liability or lease  receivable.  ACCRUED COMPENSATED ABSENCES  The CRA follows the provisions of GASB Statement No. 16, Accounting for Compensated Absences. This statement  provides for the measurement of accrued vacation leave and other compensated absences using the pay or salary  rates in effect at the balance sheet date. It also requires additional amounts to be accrued for certain salary related  payments associated with the payment of compensated absences.  It is the CRA’s policy to allow employees to accumulate an unlimited number of hours of unused sick leave and a  limited amount of unused vacation leave during their employment.  On December 31, 2024, the CRA increased the  vacation limit from 440 hours to 500 hours.  Upon termination, CRA employees are only eligible for a payout of  unused vacation up to 500 hours.  Employees are not eligible for payout of any sick leave hours.  Accrued  compensated absences are recorded as liabilities in the CRA’s government‐wide financial statements.  ACCOUNTING ESTIMATES  The preparation of financial statements in conformity with generally accepted accounting principles requires  management of the CRA to make estimates and assumptions that affect the reported amounts of assets and  liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported  amounts of revenues and expenses during the reporting period.  Actual results may differ from those estimated.  PENSIONS  In the statement of net position, liabilities are recognized for the CRA’s proportionate share of each pension plan’s  net pension liability. For purposes of measuring the net pension liability, deferred outflows/inflows of resources,  and pension expense, information about the fiduciary net position of the Florida Retirement System (FRS) defined  20 Page 6362 of 6641 benefit plan and the Health Insurance Subsidy (HIS) and additions to/deductions from FRS’s and HIS’s fiduciary net  position have been determined on the same basis as they are reported by FRS and HIS plans. For this purpose, plan  contributions are recognized as of employer payroll paid dates and benefit payments and refunds of employee  contributions are recognized when due and payable in accordance with the benefit terms. Investments are reported  at fair value.   OTHER POST EMPLOYMENT BENEFITS (OPEB)  In the statement of net position, liabilities are recognized for the CRA’s total OPEB liability as determined by an  actuarial review of the healthcare coverage purchased by retirees to continue participation in the County’s self‐ insured health plan. The CRA is responsible for covering the excess of retiree claims over premium payments made  by retirees to the County, which creates another post‐employment benefit. OPEB expense is recognized  immediately for changes in the OPEB liability resulting from current year service cost, interest on the total OPEB  liability and changes of benefit terms or actuarial assumptions.  DEFERRED OUTFLOWS/INFLOWS OF RESOURCES  In addition to assets, the statement of financial position reports a separate section for deferred outflows of  resources.  This separate financial statement element, deferred outflows of resources, represents a consumption of  net position that applies to a future period(s) and so will not be recognized as an outflow of resources  (expense/expenditure) until then. The deferred outflows of resources reported in the CRA’s statement of net  position represent changes in actuarial assumptions, changes in the proportion and differences between the CRA’s  contributions and proportionate share of contributions and the CRA’s contributions subsequent to the  measurement date, relating to the Florida Retirement System (FRS) Pension Plan and the Retiree Health Insurance  Subsidy (HIS) Program.  In addition, deferred outflows related to the difference between expected and actual  economic experience relating to the FRS Pension Plan and the Other Post‐Employment Benefits Plan were reported.   These amounts will be recognized as increases in pension expense and OPEB expense in future years.    In addition to liabilities, the statement of financial position reports a separate section for deferred inflows of  resources.  This separate financial statement element, deferred inflows of resources, represents an acquisition of  net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until  that time. The deferred inflows of resources reported in the CRA’s statement of net position represent the  difference between expected and actual economic experience, changes in actuarial assumptions, net difference  between projected and actual earnings on investments, and changes in the proportion and differences between  the CRA’s contributions and proportionate share of contributions relating to the FRS Pension Plan, the Retiree HIS  Program and the OPEB Plan. These amounts will be recognized as reductions in pension expense and OPEB expense  in future years.   21 Page 6363 of 6641 NOTE 2 – CASH AND INVESTMENTS At September 30, 2024, the CRA had the following investments and maturities:  Investments Fair Value 1 Year 2 Years 3 Years and more U.S. Treasury Notes 1,463,114$       706,437$         756,677$     ‐$        U.S. Agency Securities 9,209,802    2,851,989   3,121,189  3,236,624   10,672,916$        3,558,426$          3,877,866$       3,236,624$        Investment Maturities Within: Reconciliation of cash and investments to the CRA’s financial statements, as of September 30, 2024:  Demand deposits 3,840,252$      Local government investment pools 3,198,635      Investments, including cash equivalents 10,672,916    Total cash, cash equivalents and investments 17,711,803$   Cash and investments: Current 154,358$         Noncurrent 17,557,445    Total cash, cash equivalents and investments 17,711,803$   INVESTMENT POLICY  Cash in excess of operating requirements of the CRA is pooled and invested in various investments as described  below.  Earnings from pooled investments are allocated to the CRA based on the percentage of each fund’s average  daily balance in the total pool.  Each fund’s individual equity in the County’s investment pool is considered to be a  cash equivalent since each fund can deposit or withdraw cash at any time without prior notice or penalty.   At  September 30, 2024 the CRA’s share of the cash and investment pool was $17,711,803.  Florida Statutes Chapter 218 and the County’s investment policy, which was adopted by Resolution 2014‐260,  govern the County’s investment practices.  The County is authorized to invest in obligations of the U.S. Treasury, its agencies and instrumentalities, commercial  paper, banker’s acceptances, repurchase agreements, certificates of deposits, Local Government Investment Pools  and the Florida PRIME, formerly the Local Government Surplus Funds Trust Fund.  The CRA has adopted the  provisions of GASB Statement No. 40, Deposit, and Investment Risk Disclosures.  CREDIT RISK  The County’s investment policy limits credit risk by restricting authorized investments to the Florida Local  Government Surplus Trust Fund (Florida PRIME), other Local Government Investment Pools rated AAAm/Aaa‐mf,  S1 or equivalent, local direct obligations of, or obligations backed by the full faith and credit of the United States  Government, U.S. government sponsored Corporation/Instrumentalities (except for Student Loan Marketing  Association), certificates of deposit collateralized by U.S. Government Securities or Agencies, fixed income mutual  funds collateralized by U.S. Government Securities or Agencies, domestic bankers’ acceptances rated “AA” or  higher, prime commercial paper rated “A‐1” and “P‐1”, tax‐exempt obligations rated “AA” or higher and issued by  state or local governments, NOW accounts fully collateralized in accordance with Chapter 280, Florida Statutes and  qualifying repurchase agreements.    22 Page 6364 of 6641 Florida PRIME is an investment pool administered by the State Board of Administration (SBA), under the regulatory  oversight of the State of Florida.  As of September 30, 2024, the CRA’s share of the County’s investment in the State  Board of Administration’s Local Government Surplus Funds Trust Fund Investment Pool was $403,062.  All of these  funds are held in the Florida PRIME pool.  Florida PRIME is rated “AAAm” by Standard & Poor’s Global Ratings  Services.  Florida Cooperative Liquid Assets Securities System (FLCLASS) is an intergovernmental investment pool established  pursuant to the Florida Interlocal Cooperation Act of 1969, as amended, (Section 163.01, Florida Statutes) and is an  authorized investment under Section 218.415, Florida Statutes.  FLCLASS is supervised by a board of trustees  comprised of eligible participants of the FLCLASS program.  As of September 30, 2024, the CRA’s share of the  County’s investment in FLCLASS was $1,375,235.  The FLCLASS Daily Liquidity Pool and the Enhanced Cash Pool are  both rated “AAAm” by Standard and Poor’s Global Ratings Services.  Florida Public Assets for Liquidity Management (FL PALM) is a common law trust organized under the authority of  the Florida Interlocal Cooperation Act of 1969, as amended, (Section 163.01, Florida Statutes) and Section 218.415  of the Florida Statutes.  FL PALM was created on October 22, 2010 by contract among its participating governmental  units and is governed by trustees.  The fund is an investment opportunity for State school districts, political  subdivisions of the State or instrumentalities of political subdivisions of the State.  As of September 30, 2024, the  CRA’s share of the County’s investment in FL PALM was $1,420,338 invested in FL PALM.  The FL PALM Portfolio is  rated “AAAm” by Standard and Poor’s Global Ratings Services.  All cash deposits are held in qualified public depositories pursuant to Florida Statutes Chapter 280, "Florida Security  for Public Deposits Act".  Under the Act, all qualified public depositories are required to pledge eligible collateral  having a market value equal to or greater than the average daily or monthly balance of all public deposits, multiplied  by the depository's collateral pledging level.  The pledging level may range from 25% to 150% depending upon the  depository's financial condition.  Any losses to public deposits are covered by applicable deposit insurance, sale of  securities pledged as collateral, and if necessary, assessments against other qualified public depositories of the  same type as the depository in default.  CUSTODIAL CREDIT RISK FOR INVESTMENTS  Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial institution, a  government will not be able to recover deposits or will not be able to recover collateral securities that are in the  possession of an outside party.   Custodial credit risk for investments is the risk that, in the event of the failure of  the counterparty to a transaction, a government will not be able to recover the value of the investment or collateral  securities that are in the possession of an outside party.  The County’s investment policy requires execution of a  third‐party custodial safekeeping agreement for purchased securities and collateral, and requires that securities be  held in the County’s name.  INTEREST RATE RISK  Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment.   The objective of the investment policy is to match investment cash flow and maturity with known cash needs and  anticipated cash flow requirements.  23 Page 6365 of 6641 CONCENTRATION OF CREDIT RISK  The investment policy establishes limitations on portfolio composition in order to control credit risk.  The policy  allows 100% of the portfolio to be invested in U.S. government guaranteed securities, 80% to be invested in federal  agencies and instrumentalities (excluding mortgage securities), 50% to be invested in State Investment Pools, 30%  to be invested in Certificates of Deposit, 25% to be invested in prime commercial paper, 25% to be invested in  Corporates and 20% to be invested in qualifying repurchase agreements and fixed income mutual funds.  The portion of the CRA’s portfolio invested in U.S. Government Agencies on September 30, 2024 is detailed as  follows:  Issuer % of Portfolio Federal Home Loan Bank 24.56% Federal Farm Credit Bank 5.63% Federal Home Loan Mortgage Corporation 14.42% Federal National Mortgage Association 3.66% Federal Agricultural Mortgage Corporation 2.75% Total U.S. Government Agencies 51.02% FAIR VALUE MEASUREMENTS GASB Statement No, 72, Fair Value Measurements and Application, sets forth the framework for measuring fair  value.  That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to  measure fair value.  The hierarchy gives the highest priority to unadjusted quoted prices in active markets for  identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3  measurements).    The three levels of the fair value hierarchy under GASB Statement No. 72 are described as follows:  Level 1 – Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in  active markets that the County has the ability to access.  Level 2 – Inputs to the valuation methodology include:  Quoted prices for similar assets or liabilities in active markets;  Quoted prices for identical or similar assets or liabilities in inactive markets;  Inputs other than quoted prices that are observable for the asset or liability;  Inputs that are derived principally from or corroborated by observable market data by correlation or other  means.  Level 3 – Inputs to the valuation methodology are unobservable and significant to the fair value measurement.   Unobservable inputs, if any, reflect the County’s own assumptions about the inputs market participants would  use in pricing the asset or liability (including assumptions about risk).  Unobservable inputs are developed based  on the best information available in the circumstances and may include the County’s own data.  The CRA has the following recurring fair value measurements as of September 30, 2024:  U.S. Treasury Notes and Bills classified as Level 1 of the fair value hierarchy were valued using prices quoted in active  markets for those securities.  As of September 30, 2024, the fair value of the CRA’s U.S. Treasury Notes and Bills  was $1,463,114.  24 Page 6366 of 6641 U.S. Agency obligations classified as Level 2 of the fair value hierarchy were valued using quoted prices for similar  assets in active markets for those securities.  As of September 30, 2024, the fair value of the CRA’s U.S. Agency  obligations was $9,209,802.  NOTE 3 – CAPITAL ASSETS  Capital asset activity for the year ended September 30, 2024, is as follows:  October 1, 2023 Additions Deductions Transfer‐in/out & CIP Reclassifications September 30, 2024 Governmental Activities: Capital assets not depreciated: Land and other non‐depreciable assets 3,644,975$   218,377$  ‐$      (125,614)$    3,737,738$       Total capital assets not depreciated 3,644,975    218,377  ‐     (125,614)    3,737,738     Capital assets depreciated and amortized: Buildings 57,471  ‐  ‐     31,592  89,063     Infrastructure 9,920,631    ‐  ‐     ‐   9,920,631     Improvements  other than buildings 1,134,252    ‐  ‐     94,022  1,228,274     Machinery and equipment 87,928  ‐  (2,665)    ‐   85,263       Total  capital assets depreciated and amortized 11,200,282   ‐  (2,665)    125,614   11,323,231   Less accumulated depreciation and amortization: Buildings 30,943  3,433   ‐     ‐   34,376     Infrastructure 2,902,604    330,687  ‐     ‐   3,233,291     Improvements  other than buildings 262,723    49,050    ‐     ‐   311,773   Machinery and equipment 83,845  4,084   (2,665)    ‐   85,264       Total accumulated depreciation and amortization 3,280,115    387,254  (2,665)    ‐   3,664,704       Total  depreciable capital assets, net 7,920,167    (387,254)   ‐     125,614   7,658,527     Total Governmental Activities capital assets, net 11,565,142$ (168,877)$ ‐$      ‐$       11,396,265$   NOTE 4 – LONG‐TERM OBLIGATIONS  SUMMARY OF CHANGES IN LONG‐TERM OBLIGATIONS  The following is a summary of changes in the CRA’s long‐term obligations for the year ended September 30, 2024:  October 1, 2023 Additions Usage September 30, 2024 Due within one year Compensated absences   45,973      35,563      (19,391)  62,145     49,716    Total 45,973$       35,563$       (19,391)$      62,145$       49,716$       25 Page 6367 of 6641 NOTE 5 – DEFINED BENEFIT PENSION PLANS  BACKGROUND  The Florida Retirement System (FRS) was created by Chapter 121, Florida Statutes, to provide a defined benefit  pension plan for participating public employees.  The FRS was amended in 1998 to add the Deferred Retirement  Option Program under the defined benefit plan and amended in 2000 to provide a defined contribution plan  alternative to the defined benefit plan for FRS members effective July 1, 2002.  This integrated defined contribution  pension plan is the FRS Investment Plan.  Chapter 112, Florida Statutes, established the Retiree Health Insurance  Subsidy (HIS) Program, a cost‐sharing multiple‐employer defined benefit pension plan, to assist retired members of  any State‐administered retirement system in paying the costs of health insurance.  Essentially all regular employees of the CRA are eligible to enroll as members of the State‐administered FRS.   Provisions relating to the FRS are established by Chapters 121 and 122, Florida Statutes; Chapter 112, Part IV, Florida  Statutes; Chapter 238, Florida Statutes; and FRS Rules, Chapter 60S, Florida Administrative Code; wherein eligibility,  contributions and benefits are defined and described in detail.  Such provisions may be amended at any time by  further action from the Florida Legislature.  The FRS is a single retirement system administered by the Florida  Department of Management Services, Division of Retirement, and consists of the two costs‐sharing, multiple  employer defined benefit plans and other nonintegrated programs.  An annual comprehensive financial report of  the FRS, which includes its financial statements, required supplementary information, actuarial report, and other  relevant information, is available from the Florida Department of Management Services’ web site  (www.dms.myflorida.com).  The CRA’s pension expense totaled $55,607 for both the FRS Pension Plan and HIS Plan for the year ended  September 30, 2024.   FLORIDA RETIREMENT SYSTEM PENSION PLAN   PLAN DESCRIPTION  The Florida Retirement System Pension Plan (FRS Plan) is a cost‐sharing multiple‐employer defined benefit pension  plan, with a Deferred Retirement Option Program (DROP) for eligible employees.  The general classes of  membership are as follows:  Regular Class – Members of the FRS who do not qualify for membership in the other classes.  Elected County Officers Class – Members who hold specified elective offices in local government.  Senior Management Service Class (SMSC) – Members in senior management level positions.  Special Risk Class – Members who are special risk employees, such as law enforcement officers, meet the  criteria to qualify for this class.  Employees enrolled in the FRS Plan prior to July 1, 2011, vest at 6 years of creditable service and employees enrolled  in the FRS Plan on or after July 1, 2011, vest at 8 years of creditable service.  All vested members, enrolled prior to  July 1, 2011, are eligible for normal retirement benefits at age 62 or at any age after 30 years of service, except for  members classified as special risk who are eligible for normal retirement benefits at age 55, if vested, or at any age  after 25 years of service.  All members enrolled in the FRS Plan on or after July 1, 2011, once vested, are eligible for  normal retirement benefits at age 65 or any time after 33 years of creditable service, except for members classified  as special risk who are eligible for normal retirement benefits at age 55 or at any age after 25 years of service.   26 Page 6368 of 6641 Employees enrolled in the FRS Plan may include up to 4 years of credit for military service toward creditable service.   The FRS Plan also includes an early retirement provision; however, there is a benefit reduction for each year a  member retires before his or her normal retirement date.  The FRS Plan provides retirement, disability, death  benefits, and annual cost‐of‐living adjustments to eligible participants.   DROP, subject to provisions of Section 121.091, Florida Statutes, permits employees eligible for normal retirement  under the FRS Plan to defer receipt of monthly benefit payments while continuing employment with an FRS  participating employer.  An employee may participate in DROP for a period not to exceed 8 years after electing to  participate, except those certain instructional personnel may participate for up to 10 years.  During the period of  DROP participation, deferred monthly benefits are held in the FRS Trust Fund and accrue interest.  The net pension  liability does not include amounts for DROP participants, as these members are considered retired and are not  accruing additional pension benefits.  BENEFITS PROVIDED   Benefits under the FRS Plan are computed on the basis of age and/or years of service, average final compensation,  and service credit.  Credit for each year of service is expressed as a percentage of the average final compensation.   For members initially enrolled before July 1, 2011, the average final compensation is the average of the 5 highest  fiscal years’ earnings; for members initially enrolled on or after July 1, 2011, the average final compensation is the  average of the 8 highest fiscal years’ earnings.  The total percentage value of the benefit received is determined by  calculating the total value of all service, which is based on the retirement class to which the member belonged when  the service credit was earned. Members are eligible for in‐line‐of‐duty or regular disability and survivors’ benefits.   The following chart shows the percentage value for each year of service credit earned:  Class, Initial Enrollment and Retirement Age/Years of Service:  % Value (per year  of service)  Regular Class members initially enrolled before July 1, 2011 Retirement up to age 62 or up to 30 years of service 1.60  Retirement up to age 63 or with 31 years of service 1.63  Retirement up to age 64 or with 32 years of service 1.65  Retirement up to age 65 or with 33 or more years of service 1.68  Regular Class members initially enrolled on or after July 1, 2011 Retirement up to age 65 or up to 33 years of service 1.60  Retirement up to age 66 or with 34 years of service 1.63  Retirement up to age 67 or with 35 years of service 1.65  Retirement up to age 68 or with 36 or more years of service 1.68  Elected County Officers’ Class 3.00  Senior Management Service Class 2.00  Special Risk Class Service from December 1, 1970, through September 30, 1974 2.00  Service on and after October 1, 1974 3.00  As provided in Section 121.101, Florida Statutes, if the member is initially enrolled in the FRS before July 1, 2011,  and all service credit was accrued before July 1, 2011, the annual cost‐of‐living adjustment is 3 percent per year.  If  the member is initially enrolled before July 1, 2011, and has service credit on or after July 1, 2011, there is an  individually calculated cost‐of‐living adjustment.  The annual cost‐of‐living adjustment is a proportion of 3 percent  determined by dividing the sum of the pre‐July 2011 service credit by the total service credit at retirement  multiplied by 3 percent.  FRS Plan members initially enrolled on or after July 1, 2011, will not have a cost‐of‐living  adjustment after retirement.  27 Page 6369 of 6641 CONTRIBUTIONS  The Florida Legislature establishes contribution rates for participating employers and employees.  Effective July 1,  2011, all FRS Plan members (except those in DROP) are required to make 3% employee contributions on a pretax  basis. The employer contribution rates by job class for the periods from October 1, 2023 through June 30, 2024 and  from July 1, 2024 through September 30, 2024, respectively, were as follows: Regular employees – 13.57% and  13.63%; Special Risk–Regular – 32.67% and 32.79%; County Elected Officials – 58.68% and 58.68%; Senior  Management Services – 34.52% and 34.52%; and DROP participants – 21.13% and 21.13%. The CRA’s contributions  to the FRS Plan were $60,982 for the year ended September 30, 2024.  PENSION COSTS  At September 30, 2024, the CRA reported a liability of $297,855 for its proportionate share of the FRS Plan’s net  pension liability. The net pension liability was measured as of June 30, 2024, and the total pension liability used to  calculate the net pension liability was determined by an actuarial valuation as of July 1, 2024. The CRA’s proportion  of the net pension liability was based on the CRA’s contributions received by FRS during the measurement period  for employer payroll paid dates from July 1, 2023, through June 30, 2024, relative to the total employer  contributions received from all of FRS’s participating employers. At June 30, 2024, the CRA’s proportion was  0.000769956%, which was a decrease of 0.000196066% from its proportion measured as of June 30, 2023.  For the year ended September 30, 2024, the CRA recognized pension expense of $48,541 for its proportionate share  of FRS’s pension expense. In addition, the CRA reported its proportionate share of FRS’s deferred outflows of  resources and deferred inflows of resources from the following sources:  Description Deferred  Outflows  of Resources Deferred  Inflows   of Resources Differences  Between  Expected and Actual Experience 30,090$          ‐$           Changes in Actuarial Assumptions 40,824     ‐         Net Difference Between  Projected and Actual Earnings  on Plan Investments ‐        19,797      Changes in Proportionate Share 14,950     6,702         CRA Contributions Subsequent to the Measurement Date 10,335     ‐         Total 96,199$          26,499$               Deferred outflows of resources related to pensions of $10,335, resulting from CRA contributions to the FRS Plan  subsequent to the measurement date, will be recognized as a reduction of the net pension liability in the year ended  September 30, 2025.  Other amounts reported as deferred outflows and inflows of resources related to pensions  will be recognized as an increase or decrease in pension expense as follows:  Year Ending  September 30 Amount 2025 (1,015)$     2026 52,891      2027 5,623        2028 (409)          2029 2,275        28 Page 6370 of 6641 ACTUARIAL ASSUMPTIONS  The total pension liability in the July 1, 2024, actuarial valuation was determined using the following actuarial  assumptions, applied to all periods included in the measurement:  Inflation 2.40% per year  Salary Increases 3.50% Average, Including Inflation  Investment Rate of Return 6.70%, Net of Pension Plan Investment Expense  Mortality rates were based on the PUB‐2010 base table projected generationally with Scale MP‐2021. The actuarial  assumptions used in the July 1, 2024, valuation was based on the results of an actuarial experience study for the  period July 1, 2018, through June 30, 2023.    The long‐term expected rate of return on pension plan investments was not based on historical returns, but instead  is based on a forward‐looking capital market economic model.  The allocation policy’s description of each asset class  was used to map the target allocation to the asset classes shown below.  Each asset class assumption is based on a  consistent set of underlying assumptions and includes an adjustment for the inflation assumption.    The target allocation, as outlined in the FRS Plan’s investment policy, and best estimates of arithmetic and geometric  real rates of return for each major asset class are summarized in the following table:  Asset Class Target   Allocation Annual  Arithmetic  Return Compound  Annual  (Geometric)  Return Standard  Deviation Cash 1.0% 3.3% 3.3% 1.1% Fixed income 29.0% 5.7% 5.6% 3.9% Global equity 45.0% 8.6% 7.0% 18.2% Real estate (property)12.0% 8.1% 6.8% 16.6% Private equity 11.0% 12.4% 8.8% 28.4% Strategic investments 2.0% 6.6% 6.2% 8.7%     Totals 100.0% Assumed inflation ‐ Mean 2.4% 1.5% DISCOUNT RATE  The discount rate used to measure the total pension liability for FRS Plan in fiscal year 2024 was 6.70%, which was  the same as in fiscal year 2023. The projection of cash flows used to determine the discount rate assumed that  employee and employer contributions will be made at the rate specified in statute. Based on that assumption, the  pension plan’s fiduciary net position was projected to be available to make all projected future benefit payments  of current active and inactive employees. Therefore, the long‐term expected rate of return on pension plan  investments was applied to all periods of projected benefit payments to determine the total pension liability.   PENSION LIABILITY SENSITIVITY  The following presents the CRA’s proportionate share of the net pension liability for the FRS Plan, calculated using  the discount rate disclosed in the preceding paragraph, as well as what the CRA’s proportionate share of the net  pension liability would be if it were calculated using a discount rate one percentage point lower or one percentage  point higher than the current discount rate:  29 Page 6371 of 6641 Description 1% Decrease in  Discount  Rate Current Discount  Rate 1% Increase in  Discount  Rate FRS Plan Discount  Rate 5.70%6.70%7.70% CRA's Proportionate Share of the FRS Plan Net  Pension Liability 523,917$     297,855$        108,481$      PENSION PLAN FIDUCIARY NET POSITION  Detailed information about the FRS Plan’s fiduciary’s net position is available in a separately issued FRS Pension  Plan and Other State‐Administered Systems Annual Comprehensive Financial Report. That report may be obtained  through the Florida Department of Management Services website at http://www.dms.myflorida.com.  RETIREE HEALTH INSURANCE SUBSIDY PROGRAM  PLAN DESCRIPTION  The Retiree Health Insurance Subsidy Program (HIS Plan) is a cost‐sharing multiple‐employer defined benefit  pension plan established under Section 112.363, Florida Statutes, and may be amended by the Florida Legislature  at any time.  The benefit is a monthly payment to assist retirees of State‐administered retirement systems in paying  their health insurance costs and is administered by the Florida Department of Management Services, Division of  Retirement.  BENEFITS PROVIDED   For the fiscal year ended June 30, 2024, eligible retirees and beneficiaries received a monthly HIS payment of $7.50  for each year of creditable service completed at the time of retirement, with a minimum HIS payment of $45 and a  maximum HIS payment of $225 per month, pursuant to Section 112.363, Florida Statutes.  To be eligible to receive  a HIS Plan benefit, a retiree under a State‐administered retirement system must provide proof of health insurance  coverage, which may include Medicare.  CONTRIBUTIONS  The HIS Plan is funded by required contributions from FRS participating employers as set by the Florida Legislature.   Employer contributions are a percentage of gross compensation for all active FRS members.  The FRS contribution  rate rates include a 2.00% HIS Plan subsidy for the periods October 1, 2023, through June 30, 2024, and a 2.00%  HISP Plan subsidy from July 1, 2024, through September 30, 2024, respectively, pursuant to Section 112.363, Florida  Statues.  The CRA contributed 100 percent of its statutorily required contributions for the current and preceding 3  years.  HIS Plan contributions are deposited in a separate trust fund from which payments are authorized.  HIS Plan  benefits are not guaranteed and are subject to annual legislative appropriation.  In the event the legislative  appropriation or available funds fail to provide full subsidy benefits to all participants, benefits may be reduced or  canceled. The CRA’s contributions to the HIS Plan were $8,361 for the year ended September 30, 2024.  30 Page 6372 of 6641 PENSION COSTS   At September 30, 2024, the CRA reported a liability of $135,363 for its proportionate share of the HIS Plan’s net  pension liability. The net pension liability was measured as of June 30, 2024, and the total pension liability used to  calculate the net pension liability was determined by an actuarial valuation as of July 1, 2024. The CRA’s proportion  of the net pension liability was based on the CRA’s contributions received during the measurement period for  employer payroll paid dates from July 1, 2023, through June 30, 2024, relative to the total employer contributions  received from all participating employers. At June 30, 2024, the CRA’s proportion was 0.000902362%, which was a  decrease of 0.000028854% from its proportion measured as of June 30, 2024.  For the year ended September 30, 2024, the CRA recognized pension expense of $7,066 for its proportionate share  of HIS’s pension expense. In addition, the CRA reported its proportionate share of HIS’s deferred outflows of  resources and deferred inflows of resources from the following sources:  Description Deferred Outflows   of Resources Deferred Inflows  of  Resources Differences  Between Expected and Actual Experience 1,307$       260$     Changes  in Actuarial Assumptions 2,396   16,025   Net Difference Between Projected and Actual Earnings on Plan Investments ‐      49     Changes in Proportionate Share 8,106   4,498     CRA Contributions Subsequent to the Measurement Date 1,781   ‐        Total 13,590$     20,832$       Deferred outflows of resources related to pensions of $1,781 resulting from CRA contributions to the HIS Plan  subsequent to the measurement date, will be recognized as a reduction of the net pension liability in the year ended  September 30, 2025. Other amounts reported as deferred outflows and inflows of resources related to pensions  will be recognized as an increase in pension expense as follows:  Year Ending  September 30 Amount 2025 (972)$        2026 (1,575)       2027 (2,576)       2028 (1,599)       2029 (1,680)       Thereafter (621)      ACTUARIAL ASSUMPTIONS   The total pension liability in the July 1, 2024, actuarial valuation was determined using the following actuarial  assumptions, applied to all periods included in the measurement:  Inflation 2.40% per year  Salary Increases 3.50%, Including Inflation  Municipal Bond Rate 3.93%  31 Page 6373 of 6641 Mortality rates were based on the PUB‐2010 base table projected generationally with Scale MP‐2021. The actuarial  assumptions used in the July 1, 2024, valuation were based on the results of an actuarial experience study for the  period July 1, 2018, through June 30, 2023.    DISCOUNT RATE  The discount rate used to measure the total pension liability for HIS Plan increased from 3.65% in fiscal year 2023  to 3.93% in fiscal year 2024. In general, the discount rate for calculating the total pension liability is equal to the  single rate equivalent to discounting at the long‐term expected rate of return for benefit payments prior to the  projected depletion date.  Because the HIS benefit is essentially funded on a pay‐as‐you‐go basis, the depletion date  is considered to be immediate, and the single equivalent discount rate is equal to the municipal bond rate selected  by the HIS Plan sponsor.  The Bond Buyer General Obligation 20‐Bond Municipal Bond Index was adopted as the  applicable municipal bond index.   PENSION LIABILITY SENSITIVITY  The following presents the CRA’s proportionate share of the net pension liability for the HIS Plan, calculated using  the discount rate disclosed in the preceding paragraph, as well as what the CRA’s proportionate share of the net  pension liability would be if it were calculated using a discount rate one percentage point lower or one percentage  point higher than the current discount rate:  Description 1% Decrease in  Discount  Rate Current Discount  Rate 1% Increase in  Discount  Rate HIS Plan Discount Rate 2.93%3.93%4.93% CRA's Proportionate Share of the HIS Plan Net  Pension Liability 154,094$        135,363$      119,814$         PENSION PLAN FIDUCIARY NET POSITION  Detailed information about the HIS Plan’s fiduciary’s net position is available in a separately issued FRS Pension Plan  and Other State‐Administered Systems Annual Comprehensive Financial Report. That report may be obtained  through the Florida Department of Management Services website at http://www.dms.myflorida.com.  SUMMARY  The aggregate amount of net pension liability, related deferred outflows of resources, deferred inflows of resources  and pension expense for the CRA’s defined benefit pension plans are summarized below:  FRS Plan HIS Plan Total Net pension liability 297,855$       135,363$       433,218$        Deferred outflows of resources related to pension 96,199    13,590     109,789    Deferred inflows of resources related to pension 26,499    20,832     47,331       Pension expense 48,541    7,066  55,607       32 Page 6374 of 6641 NOTE 6 – DEFINED CONTRIBUTION PLAN  The Florida State Board of Administration (SBA) administers the defined contribution plan officially titled the FRS  Investment Plan (Investment Plan).  The Investment Plan is reported in the SBA’s annual financial statements and  in the State of Florida Comprehensive Annual Financial Report.  As provided in Section 121.4501, Florida Statutes,  eligible FRS members may elect to participate in the Investment Plan in lieu of the FRS defined benefit plan.  CRA  employees participating in DROP are not eligible to participate in the Investment Plan.  Employer and employee  contributions, including amounts contributed to individual member’s accounts, are defined by law, but the ultimate  benefit depends in part on the performance of investment funds.  Benefit terms, including contribution  requirements, for the Investment Plan are established and may be amended by the Florida Legislature.  The  Investment Plan is funded with the same employer and employee contribution rates that are based on salary and  membership class (Regular Class, Elected County Officers, etc.), as the FRS defined benefit plan.  Contributions are  directed to individual member accounts, and the individual members allocate contributions and account balances  among various approved investment choices.  Costs of administering the plan, including the FRS Financial Guidance  Program, are funded through an employer contribution of .06% percent of payroll from July 1, 2023, to June 30,  2024, and .06% of payroll from July 1, 2024 to June 30, 2025 and by forfeited benefits of plan members.  The CRA  has an Investment Plan pension expense of $6,694 for the year ended September 30, 2024.  For all membership classes, employees are immediately vested in their own contributions and are vested after 1  year of service for employer contributions and investment earnings.  If an accumulated benefit obligation for service  credit originally earned under the FRS Pension Plan is transferred to the Investment Plan, the member must have  the years of service required for FRS Pension Plan vesting (including the service credit represented by the  transferred funds) to be vested for these funds and the earnings on the funds.  Non‐vested employer contributions  are placed in a suspense account for up to 5 years.  If the employee returns to FRS‐covered employment within the  5‐year period, the employee will regain control over their account.  If the employee does not return within the 5‐ year period, the employee will forfeit the accumulated account balance.  For the fiscal year ended June 30, 2024,  the information for the amount of forfeitures was unavailable from the SBA; however, management believes that  these amounts, if any, would be immaterial to the CRA.  After termination and applying to receive benefits, the member may rollover vested funds to another qualified plan,  structure a periodic payment under the Investment Plan, receive a lump‐sum distribution, leave the funds invested  for future distribution, or any combination of these options.  Disability coverage is provided; the member may either  transfer the account balance to the FRS Pension Plan when approved for disability retirement to receive guaranteed  lifetime monthly benefits under the FRS Pension Plan or remain in the Investment Plan and rely upon that account  balance for retirement income.  NOTE 7 – RISK MANAGEMENT  The CRA is exposed to various risks of loss related to tort; theft of, damage to, and destruction of assets; errors and  omissions; injuries to employees; and natural disasters.  A self‐insurance internal service fund is maintained by the  County to administer insurance activities relating to workers’ compensation, health and property and casualty,  which cover general, property, auto, public official and crime liabilities.  Under these programs, the self‐insurance  fund provides coverage up to a maximum amount for each claim.  The County purchases commercial insurance for  claims in excess of coverage provided by the self‐insurance fund and for all other covered risks of loss.    33 Page 6375 of 6641 Claim type County's Coverage Excess Carrier's Coverage $100,000‐$500,000  ($250,000 named storm deductible; 5% deductible of reported values per damaged building; no deductible cap) Auto liability claims $300,000 $300,001 ‐ $5,000,000 Employee health claims $1,000,000 $1,000,001 ‐ Unlimited Workers’ compensation claims $600,000 $600,001 ‐ Statutory Property and casualty claims $500,0001 ‐ $75,000,000 All divisions of the County, excluding the Sheriff, participate in this program.  Charges to operating departments are  based upon amounts believed by management to meet the required annual payouts during the fiscal year and to  pay for the estimated operating costs of the programs.  For the year ended September 30, 2024, the CRA was  charged $2,600, $89,507, and $6,300 respectively, for workers’ compensation, health and disability insurance, and  property and casualty self‐insurance programs.  Settled claims have not exceeded the insurance provided by third party carriers in any of the last three years.  NOTE 8 – OTHER POST EMPLOYMENT BENEFITS   PLAN DESCRIPTION AND BENEFITS PROVIDED  The CRA participates in a group health care plan that covers eligible retirees, and their dependents, of the Board of  County Commissioners (the Board) and all Constitutional Officers with the exception of the Sheriff.  The Board  administers the plan and establishes the benefits.  In accordance with Florida Statute 112.0801, employees who  retire and immediately begin receiving benefits from the FRS have the option of paying premiums to continue in  the County’s health insurance plan at the same group rate as for active employees.   The County offers an OPEB Plan that subsidizes the cost of health care for its retirees who have at least 60% of  eligible accrued sick leave remaining at the time of retirement and have completed 15 years of continuous service  with the Board.  In addition, the retiree must retire from the County, be at least 55 years of age or have completed  30 years of service under the FRS and be eligible to receive an FRS benefit with no break in time.   The County’s OPEB Plan is currently being funded on a pay as you go basis. No trust or CRA fund has been established  for the plan. The plan does not issue a separate financial report, however additional actuarial information regarding  the plan as a whole is disclosed in the notes to the financial statements of Collier County.  PARTICIPANT DATA   Inactive employees  or beneficiaries currently receiving benefits 0 Active employees 5 Total employees 5 34 Page 6376 of 6641 TOTAL OPEB LIABILITY  The CRA’s share in the County’s total OPEB liability of $23,599 or .20% was measured as of September 30, 2024,  and was determined by an actuarial valuation as of October 1, 2024. The following table shows the changes in the  CRA’s share of the County’s total OPEB liability for the year ended September 30, 2024.   Total OPEB Liability Balance, as of October 1, 2023 18,272$          Changes: Service cost 871          Interest 762          Changes in assumptions 4,960      Benefit  payments (1,266)       Net changes 5,327      Balance, as of September 30, 2024 23,599$          OPEB LIABILITY DISCOUNT RATE SENSITIVITY  The following presents the CRA’s share in the County’s total OPEB liability, as well as what the total OPEB liability  would be if it were calculated using a discount rate one percentage point lower or one percentage point higher than  the current discount rate:  Description 1% Decrease in  Discount Rate Current  Discount Rate 1% Increase in  Discount  Rate OPEB Plan Discount  Rate 2.81% 3.81% 4.81% Total OPEB Liability 25,572$             23,599$       21,820$        OPEB LIABILITY HEALTHCARE TREND RATE SENSITIVITY  The following presents the CRA’s share in the County’s total OPEB liability, as well as what the total OPEB liability  would be if it were calculated using a discount rate one percentage point lower or one percentage point higher than  the current discount rate:  Description 1% Decrease in  Healthcare Cost  Trend Rate Healthcare Cost  Trend Rate 1% Increase in  Healthcare Cost  Trend Rate Healthcare Cost Trend Rate 4.00% 5.00% 6.00% Total OPEB Liability 21,389$             23,599$             26,167$              DEFERRED OUTFLOWS AND INFLOWS OF RESOURCES RELATED TO OPEB  Description Deferred Outflows  of Resources Deferred Inflows  of Resources Changes  in assumptions 5,392$       2,140$             5,392$       2,140$             35 Page 6377 of 6641 Amounts reported as deferred outflows of resources and inflows of resources related to OPEB will be amortized over  5.69 years and will be recognized as follows:  Year  Ending September 30, Amount 2025 42$       2026 566    2027 886    2028 819    Thereafter 939    ACTUARIAL METHODS AND ASSUMPTIONS  Actuarial valuations of an ongoing plan involve estimates of the value reported amounts and assumptions about the  probability of occurrence of events far into the future.  Examples include assumptions about future employment,  mortality, and the healthcare cost trend.  Amounts determined regarding the funded status of the plan and the annual  required contributions of the employer are subject to continual revision as actual results are compared with past  expectations and new estimates are made about the future.    Calculations for financial reporting purposes are based on the benefits provided under terms of the plan as understood  by the employer and the plan members in effect at the time of each valuation and on the pattern of sharing of costs  between the employer and plan members to that point.  The projection of benefits for financial reporting purposes  does not explicitly incorporate the potential effects of legal or contractual funding limitations on the pattern of cost  sharing between the employer and plan members in the future.  Actuarial calculations reflect a long‐term perspective.   Consistent with that perspective, actuarial methods and assumptions used include techniques that are designed to  reduce the effects of short‐term volatility in actuarial accrued liabilities and the actuarial value of assets.   The actuarial methods are:  Actuarial cost method Entry Age Actuarial  The actuarial assumptions are: Discount rate 3.81% (Based on the 20‐year AA municipal bond rate)  Healthcare cost trend rate 6.5%, grading down to 5% over 6 years   Salary increases 3%  New employees None  The discount rate was changed from 4.09% to 3.81% based on the 20 year AA municipal bond rate.  Mortality rates were based on the Pri‐2012 Mortality Fully Generational using Projection Scale MP‐2021.  Since the most recent valuation, the following changes have been made:  The discount rate was changed from 4.09% to 3.81%.  The healthcare cost trend rate changed to reflect an initial trend of 6.5% grading down to 5.0% over a six‐ year period.   36 Page 6378 of 6641 NOTE 9 – INTERGOVERNMENTAL TRANSACTIONS  The CRA purchases services such as information technology, telecommunications and fleet maintenance from the  Collier County, Florida, Board of County Commissioners. The CRA is also allocated a portion of the County’s indirect  service charge. During the year ending September 30, 2024, the CRA purchased $175,732 of information  technology, fleet maintenance, and building maintenance services and paid $96,100 for the CRA’s portion of the  indirect service charge. Such amounts are included in operating expenses in the accompanying statement of  revenue, expenditures, and changes in fund balance.  NOTE 10 – COMMITMENTS AND CONTINGENCIES  SIGNIFICANT COMMITMENTS  The CRA has non‐construction related encumbrances for purchase orders involving goods or services ordered but  not received by the end of the fiscal year.  The non‐construction encumbrances as of September 30, 2024, were  $624,625.  There were no construction related commitments as of September 30, 2024.  NOTE 11 – SOURCE OF DEPOSITS AND PURPOSE OF WITHDRAWALS FOR THE AGENCY  Pursuant to Florida Statute 163.387, listed below is a summary of the sources and amounts of deposits to, and the  purpose and amounts of withdrawals from, the CRA funds for the fiscal year ended September 30, 2024:  Deposits Withdrawals Source  of deposits: Tax increment revenues 4,802,500$    Charges  for Services 307,344   Investment earnings 974,971   Miscellaneous revenue 3,000       Sale of capital assets 115    Transfers  in from County funds 3,984,572       Purpose of withdrawals: Salaries and benefits 656,814$       Other contractual services 933,468        Information technology 31,300   Maintenance 22,748   Indirect  cost reimbursement  to County 96,100   Miscellaneous 309,574        Capital 218,377        Transfers  out to County funds  for services 3,984,572       Total 10,072,502$ 6,252,953$    37 Page 6379 of 6641 THIS PAGE IS INTENTIONALLY LEFT BLANK  Page 6380 of 6641 REQUIRED SUPPLEMENTARY INFORMATION Page 6381 of 6641 2024 2023 2022 2021 CRA's Proportion of the Net Pension Liability 0.000769956% 0.000966022% 0.000870411% 0.000901357% CRA's Proportionate Share of the Net Pension Liability 297,855$          384,929$          323,863$          68,087$             CRA's Covered Payroll *450,441$          557,020$          414,394$          452,195$           CRA's Proportionate Share of the Net Pension Liability (Asset)       as a Percentage of Its Covered Payroll 66.13% 69.11% 78.15% 15.06% Plan Fiduciary Net Position as a Percentage of the total       Pension Liability 83.70% 82.38% 82.89% 96.40% 2024 2023 2022 2021 Contractually Required Contribution 60,982$            66,343$            41,756$            40,078$             Contributions in Relation to the Contractially Required       Contribution (60,982)             (66,343)             (41,756)             (40,078)              Contribution Deficiency (Excess)‐$ ‐$ ‐$ ‐$  CRA's Covered Payroll‐Fiscal Year*458,448$          536,695$          440,241$          450,711$           Contributions as a Percentage of Covered Payroll 13.30% 12.36%9.48%8.89% 2024 2023 2022 2021 CRA's Proportion of the Net Pension Liability 0.000902362% 0.000931216% 0.001051655% 0.000858718% CRA's Proportionate Share of the Net Pension Liability 135,363$          147,890$          111,387$          105,335$           CRA's Covered Payroll *450,441$          557,020$          414,394$          452,195$           CRA's Proportionate Share of the Net Pension Liability       (Asset) as a Percentage of Its Covered Payroll 30.05% 26.55% 26.88% 23.29% Plan Fiduciary Net Position as a Percentage of the total       Pension Liability 4.80% 4.12% 4.81% 3.56% 2024 2023 2022 2021 Contractually Required Contribution 8,361$              8,145$              7,308$              7,482$               Contributions in Relation to the Contractially Required       Contribution (8,361)               (8,145)               (7,308)               (7,482)                Contribution Deficiency (Excess)‐$ ‐$ ‐$ ‐$  CRA's Covered Payroll‐Fiscal Year*458,448$          536,695$          440,241$          450,711$           Contributions as a Percentage of Covered Payroll 1.82%1.52%1.66%1.66% * Covered Payroll consists of pensionable wages calculated as of the respective measurement date, restated for periods 2014 to 2017 pursuant to GASB No. 82, Pension  Issues . * Covered Payroll consists of pensionable wages calculated as of the respective measurement date, restated for periods 2014 to 2017 pursuant to GASB No. 82, Pension  Issues . * Covered Payroll consists of pensionable wages calculated as of the respective measurement date, restated for periods 2014 to 2017 pursuant to GASB No. 82, Pension  Issues . * Covered Payroll consists of pensionable wages calculated as of the respective measurement date, restated for periods 2014 to 2017 pursuant to GASB No. 82, Pension  Issues . Schedule of the CRA's Proportionate Share of the Net Pension Liability Schedule of CRA Contributions Florida Retirement System Pension Plan Last Ten Fiscal Years Last Ten Fiscal Years Retiree Health Insurance Subsidy Program Last Ten Fiscal Years Schedule of CRA Contributions Retiree Health Insurance Subsidy Program COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of Collier County, Florida) Schedule of the CRA's Proportionate Share of the Net Pension Liability Florida Retirement System Pension Plan Last Ten Fiscal Years 40 Page 6382 of 6641 2020 2019 2018 2017 2016 2015 0.000718781% 0.000762215% 0.000773684% 0.000761273% 0.000825305% 0.000744335% 311,530$          262,496$          233,038$          225,179$          208,390$          96,141$             287,162$          292,242$          285,447$          265,276$          272,635$          237,028$           108.49% 89.82% 81.64% 84.88% 76.44% 40.56% 78.85% 82.61% 84.26% 83.89% 84.88% 92.00% 2020 2019 2018 2017 2016 2015 28,955$            28,006$            25,163$            23,937$            23,726$            21,318$             (28,955)             (28,006)             (25,163)             (23,937)             (23,726)             (21,318)              ‐$ ‐$ ‐$ ‐$ ‐$ ‐$  288,369$          295,110$          285,307$          273,437$          286,312$          240,567$           10.04%9.49%8.82%8.75%8.29%8.86% 2020 2019 2018 2017 2016 2015 0.000964294% 0.000977511% 0.000662418% 0.000798507%0.000650646%0.000999160% 117,739$          109,374$          70,111$            85,380$            75,830$            101,899$           287,162$          292,242$          285,447$          265,276$          272,635$          237,028$           41.00% 37.43% 24.56% 32.19% 27.81% 42.99% 3.00%2.63%2.15%1.64%0.97%0.50% 2020 2019 2018 2017 2016 2015 4,787$              4,899$              4,736$              4,539$              4,753$              3,248$               (4,787)               (4,899)               (4,736)               (4,539)               (4,753)               (3,248)                ‐$ ‐$ ‐$ ‐$ ‐$ ‐$  288,369$          295,110$          285,307$          273,437$          286,312$          240,567$           1.66%1.66%1.66%1.66%1.66%1.35% 41 Page 6383 of 6641 2024 2023 2022 2021 Total OPEB liability Service Cost 871$           979$              1,777$          1,347$           Interest 762             667                 376                340                 Changes of benefit terms ‐ ‐ ‐ ‐  Differences between expected and actual experience 4,178         631                 (4) (33,428)  Changes of assumptions or other inputs 782             654                 (4,014)           156                 Benefit payments (1,266)        (1,282)            (1,381)           (1,273)              Net change in total OPEB liability 5,327         1,649             (3,246)           (32,858)              Total OPEB liability, beginning 18,272       16,623           19,869          52,727               Total OPEB liability, ending 23,599$     18,272$         16,623$        19,869$         Covered‐employee payroll 463,314$   537,993$       452,888$      411,503$       Total OPEB liability as a percentage of covered     employee payroll 5.09% 3.40% 3.67% 4.83% Notes to the Schedule Changes in Assumptions:  Change in the discount rate of 4.09% as of September 30, 2023 to 3.81% as of September 30, 2024. *Note: Information is required to be presented for 10 years. However, until a full 10‐year trend is compiled, the County will present information for only those years for which information is available. COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY (A Component Unit of Collier County, Florida) SCHEDULE OF CHANGES IN THE COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY TOTAL OPEB LIABILITY AND RELATED RATIOS Last Ten Fiscal Years* 42 Page 6384 of 6641 2020 2019 2018 2017 1,596$          945$              1,149$          1,108$           474                635                601                605                 ‐ ‐ ‐ ‐  ‐ (4,326)           ‐ (185)               32,989          1,697            (529) ‐  (1,219)           (1,378)           (1,296)           (1,248)  33,840          (2,427)           (75) 280  18,887          21,314          21,389          21,109           52,727$        18,887$        21,314$        21,389$         350,272$      322,211$      316,693$      257,364$       15.05% 5.86% 6.73% 8.31% 43 Page 6385 of 6641 THIS PAGE IS INTENTIONALLY LEFT BLANK  Page 6386 of 6641 REPORTING SECTION Page 6387 of 6641 THIS PAGE IS INTENTIONALLY LEFT BLANK  Page 6388 of 6641 CliftonLarsonAllen LLP  CLAconnect.com  INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS Executive Board Collier County Community Redevelopment Agency Collier County, Florida We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of the Collier County Community Redevelopment Agency (CRA) a component unit of the Collier County, Florida, as of and for the year ended September 30, 2024, and the related notes to the financial statements, which collectively comprise the CRA’s basic financial statements, and have issued our report thereon dated March 10, 2025. Report on Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered CRA’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of CRA’s internal control. Accordingly, we do not express an opinion on the effectiveness of CRA’s internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected, on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified. CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global. See CLAglobal.com/disclaimer.  47 Page 6389 of 6641 Executive Board Collier County Community Redevelopment Agency Collier County, Florida Report on Compliance and Other Matters As part of obtaining reasonable assurance about whether CRA’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the financial statements. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of This Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose. CliftonLarsonAllen LLP Naples, Florida March 10, 2025 48 Page 6390 of 6641 CliftonLarsonAllen LLP  CLAconnect.com  MANAGEMENT LETTER Executive Board Collier County Community Redevelopment Agency Collier County, Florida Report on the Financial Statements We have audited the financial statements of the Collier County Community Redevelopment Agency (CRA), a component unit of Collier County, Florida as of and for the fiscal year ended September 30, 2024, and have issued our report thereon dated March 10, 2025. Auditor’s Responsibility We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Auditor General. Other Reporting Requirements We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Accountant’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated March 10, 2025, should be considered in conjunction with this management letter. Prior Audit Findings Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding financial audit report. There were no recommendations made in preceding financial audit report. Official Title and Legal Authority Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in this management letter, unless disclosed in the notes to the financial statements. This information is included in the notes to the basic financial statements. CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global. See CLAglobal.com/disclaimer.  49 Page 6391 of 6641 Executive Board Collier County Community Redevelopment Agency Collier County, Florida Page 2 Financial Condition and Management Sections 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not the CRA met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific condition(s) met. In connection with our audit, we determined that the CRA did not meet any of the conditions described in Section 218.503(1), Florida Statutes. Pursuant to Sections 10.554(1)(i)5.b. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures for the CRA. It is management’s responsibility to monitor the CRA’s financial condition, and our financial condition assessment was based in part on representations made by management and review of financial information provided by same. Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations. Special District Component Units Section 10.554(1)(i)5.c., Rules of the Auditor General, requires, if appropriate, that we communicate the failure of a special district that is a component unit of a county, municipality, or special district, to provide the financial information necessary for proper reporting of the component unit within the audited financial statements of the county, municipality, or special district in accordance with Section 218.39(3)(b), Florida Statutes. In connection with our audit, we did not note any special district component units that failed to provide the necessary information for proper reporting in accordance with Section 218.39(3)(b), Florida Statutes. Specific Information As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)6, Rules of the Auditor General, the Collier County Community Redevelopment Agency reported: a. The total number of district employees compensated in the last pay period of the district’s fiscal year as 5. b. The total number of independent contractors to whom nonemployee compensation was paid in the last month of the district’s fiscal year as 1. c. All compensation earned by or awarded to employees, whether paid or accrued, regardless of contingency as $656,814. d. All compensation earned by or awarded to nonemployee independent contractors, whether paid or accrued, regardless of contingency as $30,558. e. Each construction project with a total cost of at least $65,000 approved by the district that is scheduled to begin on or after October 1 of the fiscal year being reported, together with the total expenditures for such project: None. f. A budget variance based on the budget adopted under Section 189.016(4), Florida Statutes, before the beginning of the fiscal year being reported if the district amends a final adopted budget under Section 189.016(6), Florida Statutes, as $18,330,479. 50 Page 6392 of 6641 Executive Board Collier County Community Redevelopment Agency Collier County, Florida Page 3 Additional Matters Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with provisions of contracts or grant agreements, or fraud, waste, or abuse, that has occurred or is likely to have occurred, that has an effect on the financial statements that is less than material but warrants the attention of those charged with governance. In connection with our audit, we did not note any such findings. Purpose of this Letter Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, the Executive Board, Collier County, Florida, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties. CliftonLarsonAllen LLP Naples, Florida March 10, 2025 51 Page 6393 of 6641 CLA (CliftonLarsonAllen LLP) is an independent network member of CLA Global. See CLAglobal.com/disclaimer.  CliftonLarsonAllen LLP  CLAconnect.com  INDEPENDENT ACCOUNTANTS’ REPORT Executive Board Collier County Community Redevelopment Agency Collier County, Florida We have examined the Collier County Community Redevelopment Agency’s (CRA)’s compliance with Section 218.415, Florida Statutes, regarding the investment of public funds and Sections 163.387(6) and (7), Florida Statutes, regarding community development agencies during the year ended September 30, 2024. Management of the CRA is responsible for the CRA’s compliance with the specified requirements. Our responsibility is to express an opinion on the CRA’s compliance with the specified requirements based on our examination. Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the CRA complied, in all material respects, with the specified requirements referenced above. An examination involves performing procedures to obtain evidence about whether the CRA complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the engagement. Our examination does not provide a legal determination on the CRA’s compliance with specified requirements. In our opinion, the CRA complied, in all material respects, with Section 218.415, Florida Statutes, regarding the investment of public funds; and Sections 163.387(6) and (7), Florida Statutes, regarding community development agencies during the year ended September 30, 2024. This report is intended solely for the information and use of the CRA and the Auditor General, State of Florida and is not intended to be, and should not be, used by anyone other than these specified parties. CliftonLarsonAllen LLP Naples, Florida March 10 ,2025 52 Page 6394 of 6641 2025 ANNUAL REPORT Painting by local artist, Sara Abalan page 7 EXHIBIT A Page 6395 of 6641 Vision Statement Promote quality of life and economic vitality with a mixed-income, urban, multi-modal community that welcomes visitors, cultivates the area’s artistic and cultural identity, uplifts unique local destinations, and finds balance with the natural environment. About the CRA Letter from Commissioner, Dan Kowal Collier Country Board of Commissioners Letter from Chair, Maurice Gutierrez CRA Advisory Board Members CRA Staff About the Artist on front Cover BGTCRA 2025 Highlights BGTCRA 2025 Projects Community Clean Ups Project Status Residential & Commercial Permits Private Development Community Events Holiday Celebrations About the MSTU Letter from Chair, Maurice Gutierrez MSTU Advisory Committee MSTU 2025 Maintenance Letter from Chair, Jack Bonzelaar Haldeman Creek Advisory Committee Haldeman Creek 2025 Accomplishments Financial Reports Great American Cleanup Special Gratitude & Appreciation TABLE OF CONTENTS 1 2 3 4 5 6 7 8-12 13-15 16-18 19-21 22-23 24 25 26 27 28 29 30-32 33 34 35 36-38 39 40 Page 6396 of 6641 For more information, please visit our website at: www.bayshorecra.com or call 239 - 252 - 8844 1 ELOPMENT AGENCY COMMUNITY REDEVELOPMENT AGENCY Th e Collier Cou n t y Com m u n it y Red eve lop m en t Agen cy (CRA) w a s e s t a b lishe d b y t he Collie r Count y Boa rd of Count y Com m ission e r s on Ma r ch 14, 2000, t h rou gh Re solu t ion 2000-82. Th e a gen cy oversees t w o red eve lop m en t a rea s : t h e Ba ysh ore Ga t ew a y Tria n gle Com m u n it y Red eve lop m en t Area (BGTCRA) a n d t h e Im m oka lee Com m u n it y Red eve lop m en t Area . Loca l Red eve lop m en t Ad visory Boa rd s w ere crea t ed in 2000 t o gu id e t h e im p lem en t a t ion of red eve lop m en t p la n s . Th e Ba ysh ore Gat e w ay Trian gle CRA (BGTCRA) sp an s a p p roxim a t e ly 1,800 a cre s a n d in clu d e s a m ix of r e s id e n t ia l a n d com m e r cia l p rop e r t ie s . The CRA is fund e d t hrough Ta x Incre m e nt Fina ncing (TIF), w h ich ca p t ure s t he incre a se in t a xa b le p rop ert y va lu es a b ove t h e frozen t a x b a se est a b lish ed in 2000 a t $288,081,106. Th e 2025 t a xa b le va lu e is e s t im a t e d a t $1,822,903,558, ge n e r a t in g a t a x in cre m e n t of $1,534,822,452. Th e p r im a ry source s of TIF r e ve nue includ e t r a nsfe r s from t he Ge ne r a l Fund a t $4,389,900 a nd from t he Un in corp ora t e d Are a Ge ne r a l Fund a t $998,000, b r in gin g t h e t ot a l TIF r e ve n u e for 2025 t o $5,387,900, r e fle ct in g a 15.7% in cre a se ye a r -ove r -yea r . Sin ce t h e a d op t ion of t h e 2000 Red eve lop m en t Pla n , t h e BGTCRA h a s se e n s ign ifica n t im p rove m e n t s , in clu d in g s t r e e t sca p e e n h a n c e m e n t s a lon g Ba ysh ore Drive, n ew p e d est r ia n p a t h w a ys, cr im e r e d u ct ion in it ia t ive s , d e m olit ion of sub s t a nd a rd housing, incre a se d r e s id e nt ia l a nd com m e r cia l d eve lop m en t s , fa ca d e im p rovem en t s , a n d t h e op en in g of t h e Nap le s Bot an ical Gard e n s . In 2019, t h e Boa rd of Cou n t y Com m ission e r s (BCC) a p p rove d t h e fir s t a m en d m en t t o t h e Red eve lop m en t Pla n , u p d a t in g t h e vision , p roje ct s , a n d im p le m e n t a t ion s t r a t e gie s for BGTCRA. In 2022, t he se cond a m e nd m e nt w a s a p p rove d , focusing on u p d a t es t o t h e Im m oka lee CRA sect ion of t h e p la n . Page 6397 of 6641 COLLIER COUNTY . COMMUNITY REDEVELOPMENT AGENCY EXECUTIVE BOARD Throughout the past year, the Bayshore-Gateway Triangle Community Redevelopment Area has made meaningful progress through strategic investments, infrastructure improvements, public safety initiatives, and expanded recreational opportunities. Each effort moves us closer to fulfilling the vision of the Community Redevelopment Plan while strengthening quality of life for residents and businesses alike. In January 2025, the CRA completed the acquisition of 2695 Francis Avenue, a 0.71-acre parcel adjacent to the existing Linwood Avenue stormwater pond. The Triangle has long faced drainage challenges, and this purchase builds upon prior land acquisitions to support future stormwater pond expansion and increased system capacity. This strategic investment advances long-term neighborhood resiliency and flood mitigation efforts, and the CRA continues to evaluate additional properties in the immediate area as part of a comprehensive stormwater improvement strategy. Infrastructure and resiliency efforts also moved forward on Danford Street, where staff worked closely with residents to address the longstanding road dip and associated drainage concerns. Planned improvements include regrading roadside ditches to ensure proper westward drainage and reconstructing select driveways to improve stormwater flow. To minimize environmental impacts and avoid mangrove removal that could delay permitting, staff will pursue a roadway cross-slope variance while maintaining the existing curb and gutter configuration. We finally broke ground on the long awaited 17-acre Bayshore to Sugden Park pedestrian boardwalk. This transformative project enhances access, walkability, and outdoor recreation, further strengthening the character and vibrancy of the community. Momentum also continued at Bayview Park. The County acquired seven properties, including three on Danford Street and four on Bay Street, to support the park's planned expansion. These acquisitions will expand boat launch parking, enhance park amenities, and help address neighborhood concerns related to congestion and traffic impacts. The County secured a $1,388,500 grant to assist with the purchase of the Bay Street properties, leveraging outside funding to maximize local investment. Public safety remained a priority. In response to the significant rise in e-bike usage within the BGTCRA and throughout Collier County, I brought forward amendments to the Pedestrian Safety Ordinance to establish clearer standards and expectations. The amendments require Class 3 e-bikes operated by individuals 16 years of age or older to use designated bike lanes when available and to follow all applicable traffic laws. They also prohibit the operation of e-bikes exceeding 750 watts on public property. The Board approved these amendments to promote responsible use, reduce potential conflicts, and establish clear, consistent guidelines for cyclists, pedestrians, and motorists. While countywide in scope, these updates are particularly impactful in active areas such as Bayshore, where multimodal traffic continues to increase. As we look ahead to 2026, I remain committed to advancing critical infrastructure improvements, enhancing public spaces, supporting responsible growth, and identifying new opportunities that improve the Bayshore-Gateway Triangle community. The progress made to date provides a strong foundation for the work still to come Da n ie l Kow a l District 4 Collier County Commissioner CRA Board Co-Chair 2 Page 6398 of 6641 Daniel Kowal District 4 BCC Vice Chair On March 14, 2000, the Board of County Commissioners adopted Resolution 2000-83, declaring the Board of County Commissioners to be the Collier County Community Redevelopment Agency. Chris Hall District 2 BCC Burt Saunders District 3 BCC Chair CRAB Chair MISSIONERS 2025 COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS William L. McDaniel, Jr. District 5 Rick LoCastro District 1 3 Page 6399 of 6641 COLLIER COUNTY LOCAL REDEVELOPMENT ADVISORY BOARD CHAIR his past year has brought excitement and changes to ongoing projects and staff. I was honored to return as Chair following the retirement of Karen Beatty, who served on our Advisory Board for many years. Her dedication and leadership will truly be missed. Our former Director, John Dunnuck, also retired, but not before presenting his vision for Bayview Park. His proposal was unanimously approved by our Commissioners to move forward with the park’s redesign. The collaboration between the MSTU and Parks & Recreation has been instrumental in many projects that benefit the Bayshore community, and their value is recognized throughout Naples. The Sugden Park connection project has been front and center this past year, we did the groundbreaking on February 2025 with an anticipated ribbon cutting projected for February 2026. Our Project Coordinator, Tami, has led the effort through various challenges, addressing unforeseen issues with careful attention to detail. We are all very excited to see this long-term vision becoming a reality. The redesign of Bayview Park builds on past concepts but has been updated to realign the entrance for better access and to hopefully provide some relief from traffic for the property owners on Danford Street. This remains an important long-term goal for our community. Even while focusing on these large projects, we have continued to engage the Triangle community and encourage residents to share ideas for future improvements. One example is a proposed sidewalk and lighting project from Commercial Drive to Airport Road on Linwood Ave, which will include a pedestrian crosswalk. This project will help address safety concerns for students and improve walkability within the neighborhood. Countless issues and safety concerns fill the days of our staff as they continue the work of redevelopment. I am honored to serve again as Chair, knowing I have the support of our Advisory Board and, most importantly, our neighbors. I have always believed that redevelopment should not mean overdevelopment, and I hope we can continue to keep that principle front and center. In closing, I would like to welcome our incoming Executive Director, Mike McNees, a longtime member of the Bayshore community. I also want to thank our staff and the community for their continued support of all things related to the Bayshore Gateway Triangle CRA. With gratitude, Maurice Gutierrez 4 Page 6400 of 6641 BGTCRA LOCAL REDEVELOPMENT ADVISORY BOARD Because of our dedicated, hard-working volunteer Board Members, the community redevelopment area has been improving and making significant changes that will forever have positive impacts on the health, safety, and welfare of our residents. We are so grateful for the years of voluntary service from all those who have served on our Board since the CRA was created in 2000. CRA ADVISORY BOARD MEMBERS CRA ADVISORY BOARD MEMBERS MSTU MemberBayshore ResidentAt-LargeAt-LargeGateway Triangle ResidentUS41 Business OwnerDavis Blvd Business OwnerBayshore Business OwnerAt-Large Maurice Gutierrez, ChairAl Schantzen, Vice ChairKristin HoodJames TalanoSteve RigsbeeRon Fowle, Jr.Sam Saad, Jr.Michael ShermanDon Romoser 5 Page 6401 of 6641 A STAFF CRA STAFF Left to Right John Dunnuck, Mike McNees Shirley Garcia, Kizzie Fowler & Tami Scott Shirley Garcia, Program Manager, has proudly served the community in the Bayshore Gateway Triangle CRA since 2008, She oversees daily operations including administration, budgeting for three funding sources, coordinating three advisory boards and their meetings, managing asset inventory, and coordinating CRA projects and programs. Her role also includes implementing process improvements, providing information to the public, and overseeing the maintenance of CRA-owned properties. Shirley holds a Bachelor of Science in Legal Studies from Hodges University and is a certified Florida Notary Public. Amy Patterson County Manager Ed Finn Deputy County Mgr Tami Scott, Project Manager II, joined the Bayshore Gateway Triangle CRA team in 2017. Tami’s primary role is to manage and facilitate construction projects within BGTCRA. Tami has 30 plus years of experience in construction, design and project management. She is a member of the American Institute of Architects, Royal Institute of British Architects, American Institute of Building Designers and is a licensed contractor. 6 Page 6402 of 6641 Sara Abalan The Natural Preserve in Naples Botanical Garden 2025 Acrylic on Canvas HE ARTIST COVER PAGE ABOUT THE ARTIST COVER PAGE webs ite : s araabalanpainter.com Ins tagram: s araabalan email: s araabalan@aol.com My work is guided by intuitive responses to the natural world and its ever- changing layers of complexity. This painting evolved over an eight-month period, shaped by many visits to the Naples Botanical Garden. While I did not begin with a specific location in mind, over time one particular spot along the Natural Preserve trail revealed itself, providing the visual references that anchored the composition. The physical experience of being immersed in a place deeply influences my work. Observing the constant movement, light, and vibrant wildlife creates an energy that seeps into my consciousness and emerges in unexpected ways on the canvas. Each painting becomes a journey — layered, organic, and full of discovery. I am honored to be part of the Bayshore Art District and its vibrant, growing community of artists. Thank you for the opportunity to contribute and to be a visible part of this creative community. My work can be viewed at Twist Gallery on Bayshore Drive or by appointment at my studio located at 2556 Barrett Avenue. 7 Page 6403 of 6641 8 BGTCRA Bayshore Boardwalk BGTCRA Bayshore Boardwalk Ground Breaking Ceremony February 2025 The CRA and MSTU are excited to bring this long-anticipated project to life. The boardwalk will serve as a remarkable recreational amenity while also creating meaningful pedestrian and bicycle connections to Sugden Park and, through Sugden Park, to East Naples Park. These connections will further enhance the Bayshore District as a vibrant place to live, work, and play. Page 6404 of 6641 The boardwalk and surrounding 17-acre site are envisioned as the heart of a future community gathering space—one that encourages additional investment and redevelopment our residents can take pride in. With its proximity to dining and entertainment destinations along Haldeman Creek to the north, as well as Del’s and the Naples Botanical Garden to the south, the boardwalk will help strengthen the area’s unique character and connectivity. The possibilities for the future of Bayshore are truly exciting. 9 From Vision to Reality: Boardwalk Construction UNDER CON STRUCTION U N D ER CON STRUCTION The promenade features a distinctive leaf pattern created with three different colored pavers. This design serves as an homage to the Naples Botanical Garden. The 17-acre parcel was originally considered as a potential site for the garden. Page 6405 of 6641 Aura coming online with Condos and Commercial “FINANCED IN PART BY U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AND COLLIER COUNTY COMMUNITY AND HUMAN SERVICES DIVISION" BGTCRA PROPERTY BGTCRA PROPERTY CDBG Land Acquisition The Collier County Community and Human Services Division (CHS) recently announced the available funds from the FY 2023/2024 and FY 2025/2026 grant application cycle for Housing and Urban Development (HUD) Community Development Block Grant (CDBG) in the amount of $1,388,500.00. CHS has offered BGTCRA the opportunity to apply for these funds to accomplish the goals and priority in support of the 2019 Redevelopment Plan Update. The initiative is designed to provide accessible open space for residents in accordance with the Redevelopment Plan, while also supporting future infrastructure needs and requirements. This approach is aligned with the County's Strategic Plan and Areas of Focus, thereby advancing key objectives related to long-term planning, sustainable growth, and community development. 10 Page 6406 of 6641 2695 Francis Ave| Temporary Employee Housing The Board of the Collier County Community Redevelopment Agency approved the purchase of the property located at 2695 Francis Avenue in Naples on December 10, 2024, for $1,349,000 to support the future expansion of the Gateway Triangle Stormwater Pond. While the site is being held for this planned infrastructure improvement, the CRA has partnered with divisions of Collier County to utilize the property for temporary workforce housing. The furnished units provide affordable accommodations for employees relocating to the area, requiring only a refundable deposit and a daily rate that includes utilities and maintenance. PERTIES BGTCRA PROPERTIES 11 Page 6407 of 6641 12 CATALYST PROJECT GRAND OPENING FOR THE Aura at Metropolitan Naples Luxury Living April 3, 2025 Page 6408 of 6641 ORITIES BGTCRA PRIORITIES Transportation Management Services Department is taking the lead on project management for these projects. Within the Bayshore community of the redevelopment area, Phase 1 stormwater improvements include three Streets: Becca Avenue, Pine Street and Weeks Avenue. Bolt Engineering was selected to complete the design, permitting and post- design services for this project. The total project cost is $9,195,036.95 . Project design began in November of 2021. At the time of print the Design for Beca ,Pine and Weeks design is at 90% completion. 2025 PROJECTS STORMWATER BECCA PINE AND WEEKS The CRA and Collier County are continuing their partnership in identifying and funding stormwater improvement projects. Two projects were initiated in 2021. LINWOOD WAY, BAYSIDE AND LINWOOD AVE Linwood Way and Bayside Street – Kissinger, Campo and Associates were selected to complete the design and permitting and post design services for this project. The total project cost is $257,542 and was approved by the project manager in November 2022. Work is anticipated to begin in first quarter of 2023. In June 2021, the CRA, in partnership with Collier County, purchased 2732 Frances Avenue in the Gateway Triangle area to facilitate future stormwater needs in relationship to the existing stormwater pond that was constructed in 2008. Both agencies contributed funds for the purchase and demolition of the existing structure. Demolition was completed in February 2022. The CRA continues to maintain the property until stormwater improvements are implemented. At the time of print Design for Linwood way is at 90% completion. Gateway Triangle Phase 1 Bayshore Study Area 1 Milestones Dates Construction Drawings Completed 3/31/2027 Procurement of Construction Contractor 9/1/2026 Commencement of Construction 9/30/2027 Milestones/Challenges to date: 1 -5-2024 Project Start Date: January 16, 2023 Completion Date: January 17, 2027 975 Total Completion Days 13 Page 6409 of 6641 BAYSHORE STORMWATER PROJECT AREA 1: PINE, BECCA, AND WEEKS STORMWATER IMPROVEMENTS BAYSHORE STORMWATER PROJECT AREA 4: GATEWAY TRIANGLE: LINWOOD WAY AND BAYSIDE ST STORMWATER IMPROVEMENTS 14 Page 6410 of 6641 REHABILITATION DESIGN SERVICES FOR: PINE TREE DR, ANDREWS AVE WOODSIDE AVE ROADWAY MAINTENANCE DESIGN: DANFORD ST 15 Page 6411 of 6641 To further implement the Community Redevelopment Plan, the CRA Staff continues to work with the residents to partner with Keep Collier Beautiful, Waste Management, and Solid and Hazardous Waste to ensure safe, clean and green waterways and where our sea life can continue to thrive in clean waters. Over 1 ton of waste was removed from our mangroves and waterways. We are so grateful for our partnerships with all the internal and external agencies as well as the residents who came out to participate. 16 KCB –Community Clean up Page 6412 of 6641 KCB – International Coastal Clean up ½ TON OF GARBAGE WAS PICKED UP & DISPOSED 17 BGTCRA volunteers gear up and are ready to clean our mangroves, swales and streets through Keep Collier Beautiful, Waste Management & the BGTCRA Great Teamwork! Page 6413 of 6641 To further implement the Community Redevelopment Plan, the CRA Staff continues to work with the residents to identify neighborhoods for community clean-ups in cooperation with Collier County Code Enforcement, The Collier County Sheriff’s Weekender program and Collier County Solid & Hazardous Waste and Recycling team members to coordinate free dumpsters provided by Waste Management as part of their community service contributions. As part of the CRA’s Priorities, we have collaborated with the Sheriff’s Office & Keep Collier Beautiful to ensure a clean, safe and healthy Neighborhood for everyone. 2 tons of Garbage was removed from the wooded area COMMUNITY CLEAN UP WITH PUBLIX, CCSO CRAAPRIL 7, 2025 COMMUNITY CLEAN UP WITH PUBLIX, CCSO & CRA APRIL 7, 2025 18 Page 6414 of 6641 BGTCRA Develop a Master Plan for improvements in the residential and Commercial area based on community input. Staff is currently working on a draft scope and will bring in consultants as required. Staff will coordinate with other departments to develop an action plan and coordinate a stormwater project off of Shadowlawn to Rock Creek in partnership with County Stormwater Capital Projects. Phase 1 – Commercial Area. Focus on stormwater/maintenance, parking and traffic issues. Phase II –Shadowlawn Corridor with Stormwater to Rock Creek in partnership with County BAYSHORE GATEWAY TRIANGLE COMMUNITY Staff continues to look for flood preventative measures that would enhance the area and add much needed infrastructure to areas of concern. Through continued partnership with the City of Naples to upgrade water infrastructure while improving flood preventative projects the area is getting the needed attention that improves the stabilization of the neighborhoods connecting to the commercial area. 19 Page 6415 of 6641 20 17 acre Boardwalk aerial view RA BGTCRA PROJECT STATUS REPORT The 2019 amendment to the Community Redevelopment Plan lays out the framework of goals, objectives, and strategies to support the overall community vision. Below are the six goals and the specific projects identified to implement the vision. Tax Increment Funds have been allocated to complete the projects. GOAL 5.3.2 – Land Use & Urban Design Promote a defined, harmonious, and urban visual and land use character tailored to the CRA area, cultivating its unique artistic and cultural identity. Projects Budget Allocation 50197 – Gateway Triangle Master Plan $500,000 Status: Program is currently in progress pending hiring a design professional 50256 – Community Safety & Clean Up $135,899 Status: Program is ongoing no less than 4 times a year. GOAL 5.3.3 – Public Space, Parks & Open Space Ensure accessible, activated, and well-maintained public spaces, parks, and open space. Projects Budget Allocation 50208 – 17 Acres Site Project Pedestrian Connection Design $3,598,662.76 $344,932 Status: Project initiated in 2022 and is currently under construction with an anticipated completion on Feb. 25, 2026 Page 6416 of 6641 PROJECT STATUS REPORT GOAL 5.3 – Infrastructure Provide effective infrastructure that preserves environmental and neighborhood design quality through coordinated improvement planning and funding. Projects Budget Allocation 50203 – Stormwater Project $9,195,036.95 Bayshore Phase 1 $673,324.91 Status: Initiated in 2022, partnership with Public Utilities and City of Naples for design and construction. This required a change order #2 to incorporate partnerships with the City and County Public Utilities. Gateway Triangle Phase 1 $345,566.50 Status: Initiated in 2022, design is at 90% in 2025. Estimated completion is September 2027. Stormwater improvements are ongoing to alleviate street flooding on Becca, Pine and Weeks GOAL 5.3.7 – Process Carry out CRA area planning and implementation efforts to engage and serve the various communities within the CRA area. Status: Ongoing administrative efforts including the hiring of an operational support staff to assist with Code complaints and continued monitoring of developments in the area to encourage quality development. Initiated Projects: 4 Completed Projects: 1 Stormwater Improvements on Linwood Ave, Linwood Way and Bayside St BGTCRA 21 Page 6417 of 6641 BGTCRA PERMITS | RESIDENTIAL 2025 brought new development to the residential community, and as the year ended it continued to increase. In 2025, over 586 residential permits were issued with a declared value of $39 million. South Bayshore Drive continues to thrive and provide new Residential Homes for families and new residents excited to move to Naples. We are making substantial progress on infrastructure improvements. Permits totaling just over $40 million were issued in 2025 for these projects. Pine Tree Residential New Residential Home ready for move inResidential house on Coco Ave 22 Residential Permits 1 - Building 2 - Demolition 1 2 Page 6418 of 6641 BGTCRA PERMITS | COMMERCIAL 3720 Grove Circle 3010 Tamiami Trail E 23 Commercial Building Permits were on the rise in 2025 with a total of 514 issued in the calendar year with a declared value of over $42 million. In 2025 Permits for the Grove came online for a mixed-use of commercial and Residential currently under construction has been positively impacting the commercial corridor in the redevelopment area. Page 6419 of 6641 BGTCRA PRIVATE DEVELOPMENT Rapid growth in Collier County, particularly in East Naples, has increased interest from developers and builders seeking to acquire land and meet the growing housing demand within the Redevelopment Area. The Gateway Triangle Catalyst Project marked a key milestone with its groundbreaking ceremony on January 10, 2025, launching a mixed-use commercial and residential development. 24 Page 6420 of 6641 25 We thank the local businesses within the BGTCRA for celebrating and supporting the district’s vision by hosting community events. COMMUNITY EVENTS COMMUNITY EVENTS TWiST Art Gallery and Studio Space. Offering Classes Art Studios for rent Page 6421 of 6641 26 Thanks to our local businesses within the BGTCRA who continue to celebrate every holiday and support the area’s vision by hosting these events for the community. HOLIDAY CELEBRATIONS HOLIDAY CELEBRATIONS Page 6422 of 6641 BAYSHORE BEAUTIFICATION BAYSHORE BEAUTIFICATION To improve coordination and efficiency in project management, BGTCRA assumed oversight of two Municipal Services Taxing Units (MSTUs) within its boundaries: the Bayshore Beautification MSTU and the Haldeman Creek Dredging MSTU. An MSTU is a special funding mechanism supported by property owners within a defined area. A special assessment is levied to fund improvements and services for the district, as authorized by an ordinance adopted by the Board of County Commissioners (BCC). The ordinance establishes the maximum millage rate, and the BCC reviews and sets the annual rate each year. The Bayshore Beautification MSTU was established in 1997 to install and maintain streetscape improvements such as enhanced landscaping, decorative lighting, signage, and other aesthetic features. The ordinance also created a seven-member Advisory Committee, appointed by the BCC, to provide recommendations on project implementation and the annual budget. The ordinance set a maximum millage rate of 3 mills per year and has been amended several times. The most recent amendment, adopted in October 2022, expanded the MSTU boundaries by 62 acres along South Bayshore Drive. The current millage rate is proposed to be reduced to 2.00 mills following a request from Toll Brothers to include its development within the MSTU. The development will add 92 high-end single-family homes to the district. The Haldeman Creek MSTU was established in 2006 to implement and fund future public waterway dredging requirements and establish an Advisory Committee. The ordinance also incorporated a millage rate not to exceed 3 mils per year. The Advisory Committee is a five-member committee appointed by the BCC to recommend project implementation and annual budget. The current millage rate assessed is 1.0 and has remained constant over the past nine years. 27 Page 6423 of 6641 RE BEAUTIFICATION DVISORY COMMITTEE BAYSHORE BEAUTIFICATION MSTU ADVISORY COMMITTEE We concluded 2025 with a bit of good fortune on our side—no hurricanes impacted our community. That alone allowed us to focus on continued recovery efforts from past storm events that affected our median landscaping and supporting infrastructure. Throughout the year, significant attention was given to restoring and protecting the investments made in the Bayshore Drive corridor. Staff determined that recurring issues with the irrigation systems serving the Bayshore medians were caused by compromised sleeves beneath Bayshore Drive due to saltwater intrusion. Working closely with contractors, staff completed the installation of new sleeves, wiring, and pumps to ensure that the recently installed plantings can continue to thrive. These improvements will help maintain the attractive and welcoming appearance of the corridor. Additional irrigation challenges were identified near the lakes surrounding the Sugden Park connection project. Testing revealed that salt levels in the water were too high to support irrigation use. As a result, the system was converted to utilize reclaimed water, providing a more reliable and sustainable irrigation source for the landscaping in that area. Safety and accessibility improvements were also made along Bayshore Drive. In front of the Village Marina, deteriorating paver sidewalks were removed and replaced with new concrete sidewalks accompanied by enhanced landscaping. As additional aging pavers along the corridor reach the end of their useful life, the Advisory Board will continue to monitor conditions and evaluate similar improvements where needed. Although South Bayshore Drive underwent roadway improvements in recent years, portions of the roadway have experienced accelerated deterioration due to heavy dump truck traffic associated with construction activity from two recently completed gated communities. While discussions were held with the developers to address the resulting damage, a resolution was not reached. As a result, the MSTU will begin evaluating options for roadway repairs and improvements in the coming years to maintain safe and reliable travel along this important corridor. Finally, we extend our sincere appreciation to our outgoing director, John Dunnuck, for his leadership, vision, and dedication to the Bayshore community. His work has left a lasting impact on the district. We also welcome our new director, Mike McNees, and look forward to the continued progress ahead. As always, we thank Shirley Garcia and Tami Scott for their tireless efforts in supporting the Advisory Board and helping move our initiatives forward. Respectfully, Maurice Gutierrez Chair, Bayshore Beautification MSTU Advisory Board 28 Page 6424 of 6641 MSTU ADVISORY COMMITTEE Advisory Committee Members Chair, Maurice Gutierrez Vice Chair, Susan Crum Nannette Staropoli Joanne Talano Branimir Brankov James Cascone Oscar Perez RE BEAUTIFICATION BAYSHORE BEAUTIFICATION 29 We extend our sincere appreciation to the members of the Bayshore Beautification MSTU Advisory Committee for their dedication, leadership, and volunteer service. Their commitment and thoughtful guidance continue to support the district’s beautification efforts and contribute meaningfully to the enhancement of our community. We are grateful for their time, expertise, and ongoing public service. Page 6425 of 6641 BAYSHORE BEAUTIFICATION MAINTENANCE BAYSHORE BEAUTIFICATION MAINTENANCE 30 Irrigation System Improvements In 2025, the MSTU replaced both the north and south irrigation pumps and controllers along Bayshore Drive. The previous equipment, which was original to the Bayshore renovation, had been in service for approximately 25 years and had reached the end of its useful life. The replacement project included new pumps, controllers, labor, and materials, with a total cost of approximately $125,000. The irrigation system along Bayshore Drive continues to utilize reclaimed water supplied by Collier County, supporting efficient and sustainable landscape irrigation. Page 6426 of 6641 Pedestrian safety remains a top priority along Bayshore Drive. Several sections of the brick sidewalks were repaired this year to improve walkability and reduce tripping hazards. The small landscape section at the bridge was replaced with reclaimed brick to create a safer, more consistent walking surface, and the sidewalk section at Viage Boat Storage was replaced with concrete to provide a more durable and stable pathway for pedestrians. BAYSHORE BEAUTIFICATION MAINTENANCE BAYSHORE BEAUTIFICATION MAINTENANCE 31 Page 6427 of 6641 MSTU staff is working to simplify the landscaping in the Bayshore Drive medians while maintaining their beauty. Sod is being removed and replaced with native grasses, dune daisies, and ice plant. These plants are low- maintenance, drought-tolerant, and will create a consistent look across all medians. 32Page 6428 of 6641 HALDEMAN CREEK The start of 2025 has been far better than 2024 for the MSTU, as we have experienced no hurricanes. We are truly grateful to Mother Nature for sparing our community. First, we would like to take a moment to thank Roy Wilson, former Chairman of the Haldeman Creek MSTU Advisory Committee, for his more than 20 years of dedicated volunteer service to the Haldeman Creek MSTU District. His leadership and commitment to our community are deeply appreciated. With the assistance of the Collier County Coastal Zone Management Division, we have addressed areas where residents reported debris and depth concerns. Obstructions have been removed as they are identified and located. In 2019, we engaged an engineering firm to conduct a detailed survey of current water depths compared to the original dredging completed in 2007 and subsequent surveys. The results indicated no significant changes in depth compared to the original 2006 survey data. In 2025, we retained Humiston & Moore Engineers to complete a new bathymetric survey. We are currently awaiting the results and look forward to receiving them in a more accessible, easy-to-understand format, as the previous report was highly technical and difficult for many residents to interpret. In the meantime, we continue to accumulate and responsibly manage funds so that we can implement future projects to maintain the depth objectives of Haldeman Creek. Our goal is to promote data-driven decision-making through performance management, continuous improvement, and measurable results to ensure the long- term health and navigability of our waterway. Jack Bonzelaar Current Chair 33 Page 6429 of 6641 MSTU ADVISORY COMMITTEE HALDEMAN CREEK HALDEMAN CREEK 34 We sincerely appreciate the dedication and hard work of our Haldeman Creek MSTU Advisory Committee members. Thank you for volunteering your time, sharing your expertise, and helping guide important decisions for our boating and waterfront community. Your service makes a meaningful difference! Haldeman Creek Advisory Committee Chair, Roy Wilson Vice Chair, Robert Wopperer Jack Bonzelaar Ed Kovach Bill Bynum Lori Gutierrez Page 6430 of 6641 CREEK MSTU HALDEMAN CREEK MSTU2025 ACCOMPLISHMENTS Keep Collier Beautiful, Waste Management, Solid and Hazardous Waste Division, and many volunteers within the CRA District participated with great pride, in the International Coastal Clean Up to remove trash and debris from the Haldeman Creek waterways and drainage Canal that leads into the Creek. Sincere appreciation to Naples Marina and Krista Oreck for providing their dock to the many volunteers as a drop-off site. The CRA public parking lot was utilized for Waste Management’s dumpster, and CCSO Weekender program coordinated collection to and from the dumpster. Bayshore Beautification MSTU Committee Member Susan Crum and Shirley Garcia, CRA Staff volunteered as “Co-Captains”. The Waste Management assisted by providing donated gloves, garbage bags and shirts to the staff to hand out. Special Thanks to the many volunteers from BGTCRA and around Collier County who stepped up and helped with the large amounts of plastics, metal, and debris clogging up our waters and is hazardous to our fish and their habitat. Together we removed over 1200 lbs of garbage. 35 VOLUNTEERS FROM INTERNATIONAL COASTAL CLEAN UP We sincerely appreciate the dedication and hard work of our Haldeman Creek MSTU Advisory Committee members. Thank you for volunteering your time, sharing your expertise, and helping guide important decisions for our community. Your service makes a meaningful difference! Page 6431 of 6641 BAYSHORE GATEWAY TRIANGLETAX INCREMENT REVENUES 2025 BAYSHORE GATEWAY TRIANGLE TAX INCREMENT REVENUES 2025 CRA OPERATIONS, CAPITAL PROJECTS, Debt Service and Grants Budget to Actual – FY 25 In 2025 the CRA Board approved a budget amendment authorizing carry-forward in CRA Operating Fund (1020) to the CRA Capital Fund (1021) to ensure compliance with Florida Statutes section 163.387(7) by appropriating funds to specific projects pursuant to the approved community redevelopment plan for the Bayshore Gateway Triangle Community Redevelopment Area. In accordance with Florida Statutes section 163.371(2), the Annual Report for the Bayshore Gateway Triangle Community Redevelopment Area (CRA) has been filed with Collier County. This report includes information on activities for fiscal year 2025. In accordance with Florida Statutes section 163.387(8), the most recent complete audit report of the redevelopment trust fund has been published on the CRA website (BayshoreCRA.com) within 45 days after completion. The most recent audit (2024) is available online at www.BayshoreCRA.com. 36 Variance to Adopted Amended Amended Description Budget Budget Actual Budget Revenues Beginning Balance -$ 13,305,989$ 13,446,600$ 140,611 Interest 42,400 42,400 596,610 554,210 Miscellaneous - - - - Tax Increment 4,655,900 4,655,900 4,655,900 - Mgt. Fee 216,800 216,800 214,806 (1,994) Grants & Reimbursements - - - - Land Sales - - - - Transfers 3,975,700 4,186,700 4,186,700 - Total Sources 8,890,800$ 22,407,789$ 23,100,616$ 692,827$ Less: Intrafund Transfers (3,975,700) (4,186,700) (4,186,700) - Net Sources 4,915,100$ 18,221,089$ 18,913,916$ 692,827$ Expenditures Personal Services 500,500$ 557,500$ 552,750$ (4,750)$ Operating Exp.364,200 377,718 259,070 (118,649) Capital Outlay/Projects 3,499,100 16,385,871 1,441,395 (14,944,476) Land Acquisition - - 1,359,108 1,359,108 Grant Programs 500,000 900,000 - (900,000) Debt Service - - - - Transfers 3,975,700 4,186,700 4,186,700 - Reserves/Est. Carry Forward 51,300 - 15,301,594 15,301,594 Total Uses 8,890,800$ 22,407,789$ 23,100,616$ 692,828$ Less: Intrafund Transfers (3,975,700) (4,186,700) (4,186,700) - Net Uses 4,915,100$ 18,221,089$ 18,913,916$ 692,828$ Bayshore/Gateway Triangle CRA FY-25 Budget to Actual - CRA Operations, Capital Projects, Debt Service and Grants Funds 1020 , 2020, 1021, 1022, & 1023 Page 6432 of 6641 BAYSHORE BEAUTIFICATION MSTUBUDGET TO ACTUAL– FY 25 BAYSHORE BEAUTIFICATION MSTU BUDGET TO ACTUAL– FY 25 37 Bayshore Gateway CRA Managed MSTUs Collier County, Florida FY-25 Budget to Actual - Bayshore Beautification MSTU Funds 1627 and 1630 Description Adopted Budget Amended Budget Actual Variance to Amended Budget Revenues Beginning Balance $ 1,260,100 $ 3,637,364 3,885,400 $ 248,036 Ad Valorem Taxes 2,349,000 2,349,000 2,362,045 13,045 Interest 17,400 17,400 207,318 189,918 Misc., TC & PA Trans --29,905 29,905 Advance from 1020 ---- Transfer from 1630 2,597,800 2,597,800 2,597,800 - Total Sources $ 6,224,300 $ 8,601,564 $ 9,082,469 $ 480,905 Less: Intrafund Transfers (2,597,800)(2,597,800)(2,597,800)- Net Sources $ 3,626,500 $ 6,003,764 $ 6,484,669 $ 480,905 Expenditures Operating Exp $ 695,200 $ 706,362 $ 375,103 $ (331,259) Capital Outlay/Projects 2,684,600 5,050,702 6,587 (5,044,115) Transfer to 1020 --0 Transfer to Fund 1627 2,597,800 2,597,800 2,597,800 0 Mgt Fee to CRA 125,500 125,500 123,630 (1,870.00) Cost of Tax Collection 62,900 62,900 62,377 (523) Reserves/Est. Carry Forward 58,300 58,300 5,916,971 5,858,671 Total Uses $ 6,224,300 $ 8,601,564 $ 9,082,469 $ 480,905 Less: Intrafund Transfers (2,597,800)(2,597,800)(2,597,800)- Net Uses $ 3,626,500 $ 6,003,764 $ 6,484,669 $ 480,905 Page 6433 of 6641 HALDEMAN CREEK MSTUBUDGET TO ACTUAL– FY 25 HALDEMAN CREEK MSTU BUDGET TO ACTUAL– FY 25 38 Bayshore Gateway CRA Managed MSTUs Collier County, Florida FY-25 Budget to Actual- Haldeman Creek MSTU Fund 1631 Variance to Adopted Amended Amended Description Budget Budget Actual Budget Revenues Beginning Balance $ 1,254,100 $ 1,262,513 $ 1,286,200 Ad Valorem Taxes 296,400 296,400 292,818 Interest 3,400 3,400 57,724 Misc., TC & PA Trans 3,931 $ 23,688 $ (3,582) $ 54,324 $ 3,931 $ 78,361Total Sources $ 1,553,900 $ 1,562,313 $ 1,640,673 Expenditures Operating Exp. $ 19,500 $ 62,772 $ 1,069 Mgt. Fee 11,300 11,300 11,183 Cost of Tax Collection 8,600 8,600 7,931 Reserves/Est. Carry Forward 1,514,500 1,479,641 1,620,490 $ (61,703) $ (117) $ (669) $ 140,849 $ 78,361Total Uses $ 1,553,900 $ 1,562,313 $ 1,640,673 Revenues Beginning Balance $ 1,286,200 Ad Valorem Taxes $ 292,818 Interest $ 57,724 Misc., TC & PA Trans $ 3,931 Total Sources $ 1,640,673 Expenditures Operating Exp. $ 1,069 Mgt. Fee $ 11,183 Cost of Tax Collection $ 7,931 Total Uses $ 20,183 Page 6434 of 6641 GREAT AMERICAN CLEAN UP GREAT AMERICAN CLEAN UP 39 Page 6435 of 6641 40 Evelio VargasLazaro Guerrero We extend our special thanks to our partners for their continued support and collaboration year after year. Facilities Management Elves ET BRISSON DETACHMENT #063 MARINE CORPS LEAGUE NAPLES “BAYSHORE RAIDERS” Stay in the know with what is happening in Collier County and within the CRA. Follow Collier County social media pages for the latest information visit our website, www.bayshorecra.com. Capital Project Planning Code Enforcement Communications Government & Public Affairs Corporate Business Operations Facilities Management Parks & Recreation Planning & Zoning Road Maintenance Public Utilities Transportation Management @colliergov@colliergov @colliercountyfl Register as Collier County resident. Bayshore Gateway Triangle CRA | Bayshore Beautification MSTU | Haldeman Creek MSTU | www.bayshorecra.com Page 6436 of 6641 Bayshore/Gateway Triangle CRA 3335 Tamiami Trail East, Suite 102 Naples, FL 34112 Page 6437 of 6641