City of Titusville
Community Redevelopment Agency
 

Annual Report
Fiscal Year 2017-2018

Downtown Community Redevelopment Agency

CRA Board Members:

• Walt Johnson, Chairman
• Dan Diesl, Vice-Chairman
• Jim Ball
• Robert Jordan
• Curt Leady
• Jo Lynn Nelson
• Sarah Stoeckel
• Christi Anderson – Resigned 2018

CRA Staff:

• Scott Larese, Executive Director, Community Redevelopment Agency 
• Richard Broome, City Attorney
• Kevin Cook, P.E., Public Works Director
• Bridgette Clements, Finance Director
• Terry Chevallier, Finance Manager
• Jenna Ryan, Finance Manager
• Wanda Wells, City Clerk 
• Peggy Busacca, Community Development Department Director
• Tim Ford, Redevelopment Planner 

Introduction

The City of Titusville’s Community Redevelopment Agency (CRA) was created by the State of Florida in 1982, and the Community Redevelopment Plan was adopted in 1984.  Since its creation, the Titusville Community Redevelopment Agency has played an integral role in the revitalization of the Downtown area and the surrounding community. The Downtown area has faced many challenges similar to those in other areas of Florida and the nation.  The vision of Titusville’s Downtown was established by residents who attended workshops in the 1980’s, 1990’s and 2000’s and determined a set of goals and priorities that have evolved over the years.  The original vision of the Redevelopment Plan still stands as a foundation for redevelopment in the Downtown and surrounding neighborhoods.
 
In an effort to provide residents and visitors with a memorable experience, the City envisions the addition of new mixed-use buildings on infill lots, new open space amenities, enhanced streetscape conditions, new public facilities, and regional storm-water parks.  Development standards will be aimed at increasing the area’s capacity to accommodate new growth while preserving the historic character of the community.  By combining these features with a smarter approach to growth, the City will realize a downtown that will attract sustainable growth and create a unique sense of place in which all residents can be proud.
 
 The Downtown CRA encompasses approximately 300 acres of land on the eastern edge of the City and is over a mile and half from its northernmost area at the municipal waterfront park and marina complex, to its southern terminus at Grace Street.  The CRA includes the Historic Downtown, or core area and a number of small neighborhoods.  The CRA is bounded by the Indian River waterfront on the east and north and by the Florida East Coast Railroad tracks on the west.  The CRA parallels the Indian River and includes over 1.9 miles of waterfront as shown on the map on the following page.

Tax Increment Financing Reviews

A history of the Titusville CRA Tax Increment Revenue per year since FY2005–2006 is found in Table-1 below.  Prior to FY 2005–2006 the Downtown CRA had a steady but low tax increment since its inception in 1982.  Over the past decade, the CRA’s tax increment revenue has been more volatile due to the impacts of both new development and economic conditions.

Table 1: Tax Increment Revenues by Year (Audited)

The Tax Increment Financing (TIF) revenues for the Downtown CRA increased substantially in fiscal year 2006 - 2007 due to the completion of the Harbor Pointe condominium complex.  The first building was added to the tax rolls in fiscal year 2006-2007.   This revenue allowed the CRA to complete projects that were not possible with revenues from the previous years.
 
The three remaining Harbor Pointe buildings were added to the tax rolls in fiscal year 2007 - 2008.  Due to the economic downturn and increased foreclosures, the revenue in fiscal year 2008 - 2009 decreased to $876,391.  The revenue for fiscal year 2009 - 2010 was approximately $792,703.  Revenues for the 2010 - 2011 fiscal year decreased further by almost nine percent (9%) to approximately $724,997.  Continuing the downward trend of property values within much of Florida, audited revenues for fiscal year 2011-2012 decreased eleven percent (11%) to $655,653.  TIF revenues in FY2012-2013 slightly declined, with a decrease of 3.8%. The reduction in revenues between FY2009-2010 and FY2012-2013 resulted in a greater percentage of revenues being dedicated to debt service, thereby limiting redevelopment projects that were being undertaken by the CRA during those years.  A 9.8% increase in the TIF revenues occurred in FY2013-2014.  FY2014-2015 TIF revenues continued trending positive with an increase of $12,311 or 1.76%.  The tax increment figure for FY 2015 – 2016 showed an increase of $54,471 or 7.65% from the previous fiscal year.  FY 2016-2017 tax increment revenues increased $27,155 in value or 3.5% from the FY 2015 – 2016 increment.  The FY2017-2018 Tax Increment revenues saw an increase of $74,148 or 8.5%.
 
 In 2011, the CRA authorized issuance of a Public Improvement Revenue Note in an amount not to exceed $2,535,000 to finance roadway and landscaping improvements in conjunction with the FDOT U.S. 1 project.  In February 2013, the CRA approved partial repayment of the loan for $850,000.  The repayment funds were the result of lower than anticipated projects costs. The CRA’s action produced a total savings of $1.27 million. The CRA also paid off the Commons Project Bond at a cost of approximately $95,000. The loan repayments reduced the annual debt service in FY2014-2015 from 34% to 19% of the Annual Revenues, thus providing more opportunities for capital projects in the future.  The percentage of annual debt service to annual tax increment values in FY 2016 – 2017 was further reduced to 17% due to a combination of the increase in tax increment values and debt payments.  Annual Debt Service in FY2017-2018 was further reduced to 15.7% of the Annual Revenue.
 

Fiscal Year 2017 – 2018 Capital and Non-Capital Projects

The Downtown CRA has continued with existing projects during the 2017 - 2018 fiscal year as well as new projects.  The Fiscal Year 2017 – 2018 Capital Projects included the following: 

• Main Street Streetscape/Coast To Coast Trail Downtown Connector Trail (under construction), 
• Julia & Nevins Court Yards Renovations  (under construction),
• New Downtown Decorative Streetlight Banners (completed),  
• Commercial Interior Building Renovation Grant Program (operational),
• Space View Park Monument Addition (completed),
• Hurricane Repairs (the Commons Parking Lot Lights – under construction),
• Electric Vehicle Charging Station at the Welcome Center (completed),
• Historic Walking Tour Panel Signs Replacement (completed),
• Welcome Center Directional Pole Signs (completed),
• Logo Bike Racks at City Hall and at the Marina (completed),
• Trail Counter (completed),
• Light Pole Holiday Decorations (Bows, Mini-lights, & Banners)(completed),
• Decorative Light Pole Hanging Flower Baskets (completed),

 More detail about these projects follows.

Main Street Streetscape — Coast-to-Coast Downtown Connector Trail

The original Main Street Streetscape project extended from Palm Avenue to Indian River Avenue.  The Main Street Streetscape project was presented to the CRA with options for improvements for pedestrians and bicyclists as part of a larger citywide trail system.  In October 2014, the CRA approved a plan with marked bike lanes, reconstructed sidewalks and landscaping.  The project was bid in the summer of 2015 with bids opened on August 4, 2015.  Bids came in over the budgeted $150,000 amount.  The project was rebid with alternatives, with bids due in October FY 2015-2016.  The CRA did not award the bid after Florida Department of Transportation (FDOT) plans to construct a cycle track on Main Street, from the FEC Railroad tracks to the intersection of Indian River Avenue and Garden Street as part of the Florida Coast to Coast Trail, became available.  These plans conflicted with the City’s streetscape plans and the CRA reprioritized the project as a trail improvement.  FDOT allocated design funds to the city to design the cycle track and the CRA and City Council appropriated impact fee funds, CRA funds and funds from other projects to construct the proposed cycle track improvements which included the repaving of Main Street and Indian River Avenue and the conversion of Main Street between Washington Avenue and Indian River Avenue to a one way street with parallel on-street parking spaces. The total estimated cost of the project was $673,000 with the CRA contributing approximately $166,000. Multiple meetings were held from April to August of 2016 with the public, the CRA and City Council to obtain advisability on the ultimate Main Street on-street parking design.  Construction of the trail started in FY 2015 – 2016 and continued through FY 2016 – 2017 with street paving, striping, trail lane painting, traffic signal revisions, signage, landscape preparation, etc. 

In FY 2018 portions of asphalt road on Indian River Avenue were removed, back filled with soil and curbed to create landscape islands that provided a road diet to Indian River Avenue and provided a protected, separate trail lane.  Landscaping was installed in November 2017.  A second coat of green and white trail lane painting was put down.  Fifteen (15) removable metal bollards for street and trail intersections to protect cyclists and pedestrians and to deter vehicle use of the trail lanes were ordered under a contract issued to Santa Cruz Construction, Inc., in the amount of $29,997.  The bollards were programmed to be completed in FY 2019. 

Indian River Avenue landscape island – trail buffer/road diet

   

Julia and Nevins Court Renovation

In July 2016, the CRA provided advisability on the renovation of the Nevins and Julia Courtyards.  In order to make the courtyard use more flexible and usable for events, visitors, and businesses, approval was granted to remove the existing courtyard structures and install shade structures and possibly the placement of tables and chairs. Demolition work on the existing courtyard structures began in January 2017.  In March 2017, the CRA recommended approval of the purchase of shade structures from REP Services from Lake Mary, Florida in the amount of $231,083.  Installation of the shade structures began in January 2018 and was completed by February 2018.  On January 9, 2018 a contract was awarded to SDV Services, LLC, from Titusville, Florida in the amount of $99,800 to remove the existing pavers and concrete bands in the courtyards and repave the area with concrete. The installation of electric receptacles in the courts for use during events was coordinated with the pouring of the concrete floor. After the completion of the concrete base and electrical receptacles, twelve (12) planters, four (4) trash receptacles, and five (5) benches were installed at the courtyards in June 2018.  Safety lighting and possibly festive/café lighting remained to be added to the courtyards to complete the project in FY2019.  A request for bids for decorative pavement markings was advertised during the fiscal year however the submittal date for bids was in FY2019.  Four (4) removable metal bollards were ordered with two (2) each to be placed at the east ends of the courtyards to deter vehicles from driving onto the courts from Mariners Way as part of a contract with Santa Cruz Construction (see Main Street Streetscape – Coast to Coast Downtown Connector Trail above).

Decorative Streetlight Pole Banners

With the conclusion of the 150^th Anniversary of Titusville’s incorporation as a City, the commemorative decorative street light pole banners were replaced with new banners promoting Titusville’s attributes of history, space, and nature.The cost of the 192 banners was $2,744.

      
New banners
 

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Commercial Interior Building Renovation Incentive Grant Program

In FY 2016 – 2017 the CRA created a Commercial Interior Renovation Incentive Grant Program to assist property owners and commercial tenants of older buildings to bring their structures up to current Americans with Disabilities Act (ADA), the Florida Fire Protection Code, and the Florida Building Code standards.  The Commercial Interior Building Renovation Incentive Grant Program helps to expand and improve under-used buildings to increase commercial and mixed use intensity, bring buildings up to code, assist small businesses in the CRA to grow and prosper, and to promote job creation in the district. This grant program offers financial assistance in the form of a reimbursable, 50% matching grant up to a maximum of $50,000 to the property owner or business owner for eligible expenses associated with the renovation and rehab of the following interior elements of commercial and mixed use building space:

• ADA requirements
• Florida Fire Protection Code requirements
• Florida Building Code requirements including:
  • Interior plumbing to meet code
  • Interior electrical system including lighting to meet code
  • HVAC system to meet code

Four (4) Commercial Interior Renovation Grant applications were submitted during the fiscal year. The total amount of grant funding approved was $111,888.50  Two (2) of the four (4) approved project applications were completed during the fiscal year with a total amount $ 33,791.50 of grant funds paid to applicants of the completed projects.  Two (2) of the approved projects were not completed during the fiscal year and carried over to FY 2018 – 2019, with one (1) being paid in October, 2018.

One (1) carry-over project from FY 2016 – 2017 was completed in FY 18 with a grant payment of $10,000. Another major carry over project, the Launch Now – Red Canyon Engineering application involving $5 million in renovations to the historic Walker Hotel - Apartments building and the First Federal Savings and Loan building located at 300 – 310 S. Washington Avenue was granted a two (2) year extension with completion to occur in 2020.

These renovation projects are a good example of how the grant program is helping to prevent deterioration of older historic properties in the CRA; stimulate interest and investment in the District; encourage the development of business and job growth; and encourage the utilization of existing business stock.

Spaceview Park Monument Added

The CRA funded the cost of adding a monument to Spaceview Park that memorializes the names of Space Shuttle workers.  The cost of the monument was $10,000.

Hurricanes Matthew & Irma Repairs (The Commons Parking Lot Lights)

Hurricanes Matthew in FY 2017 and Irma in FY2018 caused significant damage along Titusville’s waterfront.  The parking lot light poles at the Commons Parking Lot were damaged by the high winds of the two (2) storms.  A contract with Chrome Electric of Titusville in the amount of $170,800 was approved to remove the old and damaged light poles and replace them with fourteen (14) new light poles with L.E.D. lights.  The L.E.D. lights are brighter, contribute to the safety of downtown visitors, and are more cost efficient to operate. The wiring and light pole base work was completed during the fiscal year; however the light poles were not installed until FY19.

Electric Vehicle Charging Station

An electric vehicle charging station was purchased and installed at the Julia Street parking lot next to the Downtown Welcome Center. The charging station can charge two (2) electric vehicles at the same time.  The charging station helps to “Green” the CRA/Downtown and provides an amenity to electric vehicle users visiting the downtown.

Electric vehicle charging station at the Julia St. parking lot/Downtown Welcome Center

Historic Walking Tour Panel Sign Panel Replacements

Eight (8) interpretive display panel signs placed at historic locations in the downtown CRA area in FY 2002 – 2003 were replaced by new interpretive signs.  Two (2) locations also received new sign poles.  The panel signs were replaced due to age, weather, fading, gouges, needed wording updates and one (1) sign being damaged by a vehicle. The signs were fabricated and installed by the Spring Moon Company from St. Augustine, Florida at a cost of $11,400.

New Historic Walking Tour panel examples

Welcome Center — Julia Street Parking Lot Directional Pole Signs

The CRA contracted with the Dynamic Seven Sign Company of Titusville to fabricate two (2) metal directional pole signs for the Downtown Welcome Center – Julia Street Parking Lot.  One (1) sign was placed on Washington Avenue near the parking lot entrance drive and the other on Hopkins Avenue, near the Julia Street intersection.  The signs provide direction to the parking lot, the Welcome Center and the bicycle shop located at the site for residents and visitors to the Downtown.  The City’s Facilities staff installed the signs.  The cost to fabricate the signs was $920 each.

Logo Bicycle Racks

Five (5) Titusville logo bicycle racks were purchased by the CRA and installed by City Facilities staff during the fiscal year.  Two (2) of the racks were installed at City Hall.  One (1) of the racks was placed at the Downtown Welcome Center and two (2) were stationed at the City marina.  The bike racks provide places for cyclists to secure their bicycles, add to the City becoming bicycle friendly (see “Trail Town” designation below), and add to the character of the downtown/CRA with the Titusville brand logo infused on them.

Logo bicycle racks at City Hall and the Downtown Welcome Center

Trail Counter

To measure and monitor bicycle and pedestrian trail usage in the downtown, the CRA purchased an electronic trail counter (radar recorder).  The cost of the counter was $2,995.  The counter allows the CRA and City to be able to provide bicycle and pedestrian metrics on different segments of the trail on Main Street and Indian River Avenue in the CRA.  The CRA can use the metrics to track the economic impact of the trails in the CRA.

Pedestrian Light Pole Holiday Decorations

Per the direction of the CRA, pedestrian holiday decorations that included eighty four (84) red post bows, twenty one (21) vinyl green and red holiday light pole banners and 102 warm white mini-light sets were purchased at the cost of $5,892.50. The holiday decorations placed on the decorative pedestrian dual light poles in the downtown between South Street and Broad Street. The white mini-lights were so popular that merchants requested the lights remain up for the entire year.

Pedestrian Light Pole Hanging Flower Baskets

In FY 2017 non-CRA funds purchased and installed hanging flower baskets from the downtown’s decorative light poles on U.S. 1 from South Street to Broad Street.  Due to the difficulty in maintaining the vegetation in the hanging baskets, faux red and pink Morning Glory flowers were placed in the hanging baskets. The CRA Maintenance Funds paid for the flowers. The faux flowers save the CRA the cost and time involved in maintaining live vegetation.

Non-Captial Projects

The Non-Capital Projects that occurred over the fiscal year are as follows: 

• Bicyclist & Boater Friendly Business Program
• US 1 Corridor Streetscape Landscaping and Maintenance - Part Time Maintenance Worker,  
• Community Policing,
• Historic Preservation Board activities,
• Brevard County Tax Increment Policy Enacted,
• Sand Point Park Civic Center Study,
• Downtown Mixed Use (DMU) Zoning density increased,
• Community Redevelopment Agency Property Owners Workshop,
• Traffic Signal Box Art Program,
• Building Grants Program Expanded and Revised,
• Trail Town State Designation

Bicyclist- and Boater-Friendly Business Program

A Bicyclist & Boater Friendly Business Program was initiated by the CRA in August of 2018. This voluntary program was created to partner the CRA with businesses located in the CRA to attract bicyclists and boating tourists/visitors by publicizing that businesses in the CRA are bicyclist and boater friendly.  Bicyclists and boaters can bring business to the City as has been demonstrated in other communities around the nation.

CRA businesses that participate in the program are provided with downtown trail maps, a small window decal, and have their businesses listed as a ”Bicyclist & Boater Friendly Business” on the City of Titusville Downtown Bicyclist & Boaters Business Friendly Program web page and on Downtown Business Directory kiosk signs and maps.  Businesses in turn provide a number of services to bicycle and boating visitors.

Titusville Landscaping and Maintenance — Part-Time Maintenance Position Created

The CRA continued its funding of the general maintenance of the plantings, lighting and street furniture funded by the CRA along the US-1 corridor (Washington Avenue & Hopkins Avenue) and in the Titusville Downtown Commons area.  The maintenance provided by the CRA along the US-1 corridor is at a higher level of maintenance than provided by the Florida Department of Transportation and helps to protect the CRA’s investment.  The CRA also continues to fund the cost of irrigation and utilities along US 1.

New to Fiscal Year 2018, the CRA funded the creation of a part-time maintenance worker to perform a variety of duties that include but are not limited to, litter control, vegetation maintenance, garbage removal, painting, graffiti removal, reporting acts of vandalism, etc.  The position was needed due to the increase in the number of visitors to the downtown, many coming to experience the regional and national trails converging in Titusville.

Community Policing 

In June 2014, the CRA initiated a Community Policing program.  The program consists of law enforcement officers deployed on an overtime basis during varying days and times. Increased activities in the CRA District include business contacts, directed patrols, traffic details, community relations, neighborhood patrols and anti-burglary details. This is thought to be a more cost- effective method to provide coverage as needed, rather than one full-time officer who would have less flexibility to address issues as they arise. 

Program accomplishments for the fiscal year are listed below.   As the community policing initiative augments the Titusville Police Department’s regular presence in the CRA, only those activities conducted during the community policing details are provided. CRA Police Details totaled 505.25 hours and 100 specific days assigned for the fiscal year.

• Business Burglaries Investigated:   4 (3 arrests, one arrest for 2 businesses)  
• Residential Burglaries Investigated:  5  
• Vehicle Burglaries Investigation:  24
• Stolen Vehicles:  8 
• Robberies (no weapon) Investigated: 4
• Robberies (armed) Investigated:  1 
• Property Checks:  7
• Trespass after warning:  13 arrests
• Suspicious Persons, Vehicles, Incidents: 17
• Traffic Stops:  173
• Traffic Warnings:  148
• Reckless Drivers:  8
• Parking Problems:  5
• Vehicles Fled:  2
• DUI’s:  11 

A representative of the Titusville Police Department attends monthly Downtown Merchant Association meetings and held a crime prevention meeting for residents and property owners in the CRA district during the fiscal year.  The residents and property owners within the CRA have acknowledged the Community Policing program as a success.

Historic Preservation Activities

Based on a recommendation from the City’s Historic Preservation Board (HPB), the City Council approved a Historic Preservation Ad Valorem Tax Exemption Ordinance (Ordinance 1-2018) which grants a city ad valorem property tax exemption on the value of improvements made to locally designated historic properties for up to 100% of the improvement for a period up to ten (10) years. Since many of the existing eleven (11) locally designated historic structures and many potential local historic properties are located in the Community Redevelopment district, the ordinance may help to restore historic resources in the district.  The preservation of historic resources in the community redevelopment district adds to the City’s pride and creates pedestrian and visitor appeal, which provides economic development for the City.

Brevard County Tax Increment Policy Enacted

The CRA unanimously approved Resolution 27-2017 which enacted a policy where the CRA pledges that Brevard County’s Tax Increment (TIF) payment to the CRA will be first utilized for payment of the CRA’s Debt Service and the CRA’s Capital Improvement Projects (CIP).  Any remaining Brevard County TIF and City TIF shall be expended on qualifying projects in accordance to the CRA Plan and the Community Redevelopment Act of 1969, Part II, Chapter 163, Florida Statutes.

Sand Point Park Civic Center Feasibility Study

The Sand Point Park Civic Center Feasibility Study was put on hold during the fiscal year due to a lack of consensus on the design plans, the estimated cost of the project, and insufficient funds available at this time to fund the construction of a civic center at the site.

Downtown Mixed Use (DMU) Zoning District Density Increased

The CRA and City Council approved a Comprehensive Plan and Zoning Code amendment to increase the density of the Downtown Mixed Use (DMU), Downtown Sub-district from 20 dwelling units per acre to 30 dwelling units per acre.  The increase in density to the Downtown Sub-district of the DMU zoning district was recommended by the City of Titusville Economic Development Plan to encourage residential development in the downtown and to promote mixed-use development.  The Economic Development Plan determined that the existing 20 dwelling units per acre was insufficient to promote residential development and mixed use in the downtown.

Community Redevelopment Property Owners Workshop 

In January 2018 the CRA held a property owners workshop to obtain input and feedback on issues in the CRA.  The following items and issues were brought to the CRA’s attention: insufficient parking at certain locations; sidewalk connectivity; vacant buildings and storefronts; regional storm water facilities; safety lighting; street repair; improved maintenance of public and private properties; and façade and new construction grants needed.

Traffic Signal Box Art

The CRA partnered with the non-profit organizations, the Greater Titusville Renaissance (GTR) and the North Brevard Art League to create eight (8) vinyl art wraps to be placed on traffic signal boxes found on U.S. Route 1 in the CRA between Grace Street to the south and Garden Street to the north.  GTR and the North Brevard Art League solicited a call for art with Titusville history, nature and space themes.   The art work was approved by the CRA at their September 2018 meeting. Since U.S. Route 1 is a Florida Department of Transportation (FDOT) right of way, the signal box art work proposal was submitted to the FDOT as part of an Aesthetic Feature Agreement. The vinyl wraps were installed in Fiscal Year 2019.

Traffic signal box art – “Art Outside the Box” graphic examples

Building Grants Program Extended

During the fiscal year the CRA expanded its matching Building Grants Incentive Programs by drafting and approving a new Permit & Impact Fee Incentive Grant Program, revising the Commercial Interior Renovation Grant Program and reactivating and revising its Commercial Beautification Grant Program.  The Permit & Impact Fee Program provides a maximum $50,000 matching one to one grant to help offset the cost of permits and impact fees for new construction in the CRA.  The Commercial Interior Renovation Grant Program was revised to provide an additional $50,000 matching one to one grant for interior building renovations that provide residential and nonresidential mixed-use as an incentive for residential units to be added to the CRA. The Commercial Beautification Grant Program provides a $40,000 matching one to one grant for façade and exterior improvements to buildings in the CRA to improve the appearance of the CRA/downtown and eliminate blight.  The Grant Programs were further revised to provide payment of 75% of the grant award at project completion and the remaining 25% of the grant award with occupancy of the building at one (1) year after completion of the improvements as an incentive for building owners to have their buildings occupied and not sit empty.

Trail Town State Designation

The City of Titusville became the second city in the State of Florida to become designated a “Trail Town” by the Florida Department of Environmental Protection, Greenways and Trails Division.  With the convergence of three (3) major trails in the Downtown/CRA, the Coast to Coast Trail, the St. Johns River to Sea Loop Trail, and the East Coast Greenway Trail, Titusville and the CRA has become the major trail hub of East Central Florida.   Many of the amenities developed by the CRA have been created with the trail and trail users in mind.

New Private Construction

A goal of the City’s CRA Plan is to encourage private sector investment in the downtown.  New building construction and major renovation work to existing buildings helps the City in combating blight.  It also encourages others to reinvest in the CRA.  Here are some examples of new building and major renovation construction that occurred in FY 2017 – 2018 in the CRA District:

Financial Audit Information

The financial information for the Titusville CRA on the following pages is as reported by the independent auditing firm of James Moore & Company, 121 Executive Circle, Daytona Beach, Florida, 32114. The data was taken from the City of Titusville’s Comprehensive Annual Financial Report, Fiscal Year ended September 30, 2018.  The financial statement provides information on the Agency’s assets, liabilities, income, and operating expenses as of the end of fiscal year 2017 – 2018 in accordance with Chapter 163, Part III, Florida Statutes.

City of Titusville, Florida
Balance Sheet
Governmental Funds
September 30, 2018

The notes to the financial statements are an integral part of this statement.

City of Titusville, Florida
Schedule of Revenues, Expenditures, and Changes in Fund Balances
Governmental Funds
For the Fiscal Year Ended September 30, 2018

The notes to the financial statements are an integral part of this statement.

City of Titusville, Florida
Required Supplementary Information
Schedule of Revenues, Expenditures, and
Changes in Fund Balances - Budget and Actual
Downtown Community Redevelopment Agency Fund
For the Fiscal Year Ended September 30, 2018

The notes to the financial statements are an integral part of this statement.