City of Port St . Lucie , Florida Community Redevelopment Agency Notes to the Financial Statements For the Year Ended September 30 , 2021
NOTE 6 . CRA TRUST FUND
A .
CRA TRUST FUND
The Community Redevelopment Agency has responsibility for the tax increment districts . Pursuant to Section 163.387 , Florida Statutes , a Redevelopment Trust Fund serves to process the transactions relating to the tax increment district . The following schedule shows the amount and source of funds and the amount and use of funds for the trust fund during the fiscal year ended September 30 , 2021 , as well as principal and interest paid during the year on the debt which is pledged with tax increment revenues . The balance of the debt remaining is presented as part of governmental activities debt .
Source of Funds Date Amount City of Port St . Lucie Various $ 1,862,946 St . Lucie County 12 / 30 / 2020 2,316,697 Sale of Capital Assets Various 1,800,000 City of Port St . Lucie Utility Department Monthly 15,048 Interest Earnings Monthly 187
Total Deposits $ 5,994,878
Use of Funds |
Date |
Amount |
Debt Service - Principal |
1 / 4 / 2021 |
$ |
3,585,000 |
Debt Service - Interest |
Semi-annual |
|
1,293,125 |
Stormwater Utility Payment |
4 / 15 / 2021 |
|
8,962 |
CRA Operating Expenses |
Various |
|
1,139,640 |
City of Port St . Lucie - Indirect Costs |
Various |
|
960 |
Purchase of Capital Assets |
Various |
|
115,326 |
Total Withdrawals |
|
$ |
6,143,013 |
NOTE 7 . SUBSEQUENT EVENTS
The CRA has evaluated all subsequent events through the date of the independent auditor ' s report , the date the finanical statements were available to be issued .
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