D. Contractual, Construction, and Equipment Commitments

Community Redevelopment Agency Meeting · 2026-05-11 · agenda_item

The City of Pensacola Community Redevelopment Agency has outstanding commitments for contractual services and for the construction and acquisition of property, plant, and equipment. These commitments represent the difference between contract prices and amounts paid on contracts as of September 30, 2025. The total outstanding commitments for the Community Redevelopment Agency were $724,664. This item is currently under review as part of the agency's financial reporting. The work associated with these commitments could involve various construction and acquisition phases, including site preparation, material procurement, and equipment installation. Local contractors, trades, suppliers, and service providers are encouraged to reach out to the agency to understand the scope of these commitments and potential future opportunities before formal bidding processes begin.

outstanding commitments

724,664 $

Tax increment revenues

11,728,900 $

Charges for services

16,000 $

Investment earnings

582,380 $

Other revenues

16,850 $

Total revenues

11,744,900 $

General government expenditures

7,157,000 $

Total expenditures

7,157,000 $

Excess (deficiency) of revenues over (under) expenditures

4,587,900 $

Transfers (out)

4,587,900 $

Total other financing sources (uses)

4,587,900 $

Net change in fund balances

- $

Fund balances at beginning of year

9,430,619 $

Fund balances at end of year

13,432,471 $

Tax increment revenues

559,900 $

Investment earnings

36,084 $

Total revenues

559,900 $

General government expenditures

455,000 $

Interest

15,000 $

Total expenditures

470,000 $

Excess (deficiency) of revenues over (under) expenditures

89,900 $

Transfers (out)

89,900 $

Total other financing sources (uses)

89,900 $

Fund balances at beginning of year

773,227 $

Fund balances at end of year

825,511 $

Tax increment revenues

2,362,200 $

Investment earnings

155,511 $

Total revenues

2,362,200 $

General government expenditures

2,082,400 $

Total expenditures

2,082,400 $

Excess (deficiency) of revenues over (under) expenditures

279,800 $

Transfers (out)

279,800 $

Total other financing sources (uses)

279,800 $

Fund balances at beginning of year

2,558,762 $

Fund balances at end of year

3,703,469 $

Investment earnings

109,248 $

Total revenues

- $

Principal retirement

2,913,100 $

Interest

2,044,500 $

Total expenditures

4,957,600 $

Excess (deficiency) of revenues over (under) expenditures

4,957,600 $

Transfers in

4,957,600 $

Total other financing sources (uses)

4,957,600 $

Fund balances at beginning of year

4,168,535 $

Fund balances at end of year

4,097,348 $

Program Analyst phone

407-624-5797

Program Analyst phone

561-630-4922

Program Analyst fax

561-630-4923

Program Administrator phone

800-969-4382

Program Administrator phone

951-587-3500

Program Administrator fax

951-587-3510