f. A budget variance based on the budget adopted under Section 189.016(4), Florida Statutes, before

CRA Meeting · 2026-06-02 · agenda_item

The City of Ocoee Community Redevelopment Agency (CRA) is planning to adjust its budget for Fiscal Year 2025-2026. This adjustment is based on updated figures for tax increment revenues and carried-forward funds. The CRA is proposing to allocate an increase of $233,433 from the cash balance to the Bluford Avenue Streetscape project. Additionally, an increase of $192,647.05 in tax increment revenue will be added to the Reserve for Contingency. This budget amendment is scheduled for adoption by resolution on June 2, 2026. The work will involve financial adjustments and allocations for the Bluford Avenue Streetscape project. Contractors, suppliers, and service providers interested in future work related to the Bluford Avenue Streetscape project should reach out to the CRA Administrator to understand the project's scope and potential needs as plans develop.

FY26 Adopted Total Revenue

12325226

FY26 Amended Total Revenue

12820445.81

FY26 Adopted Cash Balance

8589433

FY26 Amended Cash Balance

8822866

Increase in Cash Balance

233433

FY26 Adopted Tax Increment Revenue

3625793

FY26 Amended Tax Increment Revenue

3818440.05

Increase in Tax Increment Revenue

192647.05

FY26 Adopted Interest Earnings

110000

FY26 Amended Interest Earnings

135438.13

Increase in Interest Earnings

25438.13

FY26 Amended Transfers In

43701.63

FY26 Adopted Reserve for Contingency

50000

FY26 Amended Reserve for Contingency

242647.05

FY26 Adopted Transfers Out to Fund 131

10568636

FY26 Amended Transfers Out to Fund 131

10871208.76

Orange County Payment Estimate FY26

1713353

City of Ocoee Payment Estimate FY26

1912440

Orange County Payment Actual FY26

1803695.00

City of Ocoee Payment Actual FY26

2014745.05

Rebate to Orange County Estimate FY26

214006

Rebate to Orange County Actual FY26

241108.50