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LEGAL AUTHORITY
Act 20-1992,
as amended, created the Company for the Integral Development of Cantera's Peninsula in San Juan, Puerto Rico. It was created as a public corporation that is to exist for 20 years or 5 additional years if extended by Executive Order. At the end of this time; it will cease to exit.
MISSION
Promote the integral development of the Cantera's Peninsula through the active participation of the current and future residents of the community along with the private and public sectors in the social, cultural, and economic development of PR.
ORGANIZATIONAL STRUCTURE
- Administration and Finances
-
Board of Directors
- Development of Community Projects
- Office of the Executive Director
PROGRAM
Cantera's Peninsula Communities Development
Program Description
This Program tackles the issue of poverty and looks to improve the life for the Cantera's Peninsula current and future residents. At the same time, it looks to create a sustainable community.
FISCAL YEAR 2012-2013 ADOPTED BUDGET
The adopted consolidated budget for Fiscal Year 2012-2013 is $9,531,000. This amount includes $349,000 from the Joint Resolution General Fund, $225,000 from Special Appropriations General Fund, $6,320,000 from Loans and Bond Issues and $2,637,000 from Other Income.
Operational expenses reflect an increase of $634,000 when compared to funds assigned in fiscal year 2011-2012, due to an increase in resources received from Other Income. These resources correspond to the development of socioecomic projects needed to conclude the work related to Cantera´s development. It also provides funding to develop environmentally friendly initiatives and foster eco-tourism.
Resources from the Joint Resolution General Fund will used to match payroll costs. It also has funds from a Special Apropriations to promote training and entrepreneurship opportunities through community organization and non-traditional education that advances and creates the skills needed to compete in a globalized world.
Other Income is generated from community initiatives, contributions from the Municipality of San Juan and from private businesses. Private businesses are required to contribute up to one third of the combined total of the funds provided by the Commonwealth of Puerto Rico State Government and the Municipal Government. These funds will be used to continue the development of activities that guarantee economic strengthening and community training.
The amount of $6,320,000 from Loans and Bond Issuance are included to continue capital improvements work. Examples of these projects include: the seven areas of economic opportunity with high potential for sustainable eco-tourist activity: business development, fishing, recreational sailing, lodgings management, sea craft management, and others that support the attainment of the socioeconomic objectives of the 9,972 people that live in this community.
SUMMARY OF AVAILABLE RESOURCES
| Consolidated Budget (thousands $) |
2010 |
2011 |
2012 |
2013 |
|
| Program |
|
| Operational Expenses |
Actual |
Actual |
Budget |
Adopted |
| Cantera's Peninsula Communities Development |
1,192 |
1,379 |
2,577 |
3,211 |
| Subtotal, Operational Expenses |
1,192 |
1,379 |
2,577 |
3,211 |
| |
| Capital Improvements |
| Cantera's Peninsula Communities Development |
7,865 |
13,978 |
18,314 |
6,320 |
| Subtotal, Capital Improvements |
7,865 |
13,978 |
18,314 |
6,320 |
| Total, Program |
9,057 |
15,357 |
20,891 |
9,531 |
| |
| Funding Sources |
|
| Operational Expenses |
|
| Joint Resolution - General Fund |
71 |
40 |
349 |
349 |
| Special Appropriations - General Fund |
211 |
0 |
225 |
225 |
| Local Stabilization Fund |
258 |
360 |
0 |
0 |
| Other Income |
652 |
979 |
2,003 |
2,637 |
| Subtotal, Operational Expenses |
1,192 |
1,379 |
2,577 |
3,211 |
| |
| Capital Improvements |
|
| Loans & Bond Issuance |
7,865 |
13,978 |
18,314 |
6,320 |
| Subtotal, Capital Improvements |
7,865 |
13,978 |
18,314 |
6,320 |
| Total, Funding Sources |
9,057 |
15,357 |
20,891 |
9,531 |
| |
| Expense Category |
|
| Operational Expenses |
|
| Payroll and Related Expenses |
780 |
952 |
1,053 |
1,036 |
| Rent and Utilities |
44 |
44 |
59 |
48 |
| Purchased Services |
101 |
100 |
133 |
148 |
| Transportation Expenses |
11 |
20 |
33 |
33 |
| Professional Services |
223 |
205 |
765 |
1,076 |
| Other Expenses |
13 |
40 |
482 |
842 |
| Equipment Purchases |
3 |
8 |
12 |
5 |
| Office Supplies and other Materials |
7 |
10 |
14 |
12 |
| Advertising and Media Expenses |
10 |
0 |
26 |
11 |
| Subtotal, Operational Expenses |
1,192 |
1,379 |
2,577 |
3,211 |
| |
| Capital Improvements |
|
| Capital Improvements Program |
7,865 |
13,978 |
18,314 |
6,320 |
| Subtotal, Capital Improvements |
7,865 |
13,978 |
18,314 |
6,320 |
| Total, Expense Category |
9,057 |
15,357 |
20,891 |
9,531 |
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