Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Home
My WebLink
About
Exhibit A SUB
THIS DOCUMENT IS A VIRGINIA KEY BEACH PARK TRUST SUBSTITUTION. THE ORIGINAL 2021-2022 Proposed Budget CAN BE FOUND AT THE END OF THIS DOCUMENT. Virginia Key Beach Park Trust 2020-2021 Adopted Budget 2021-2022 Proposed Budget 449000 Projected Revenue $ 812,000.00 $ 875,000.00 431000 Grants $ - $ 75,000.00 448000 2019 Ultra Music Festival $ 376,000.00 $ - 448000 2020 Ultra Music Festival $ - $ - 448000 2021 Ultra Music Festival $ 1,000,000.00 $ 448000 2022 Ultra Music Festival 489900 MDC Train Project $ 47,000.00 $ - 439000 City of Miami Contribution $ 300,000.00 $ 300,000.00 466000 Cash with fiscal agent $ 5,000.00 $ 5,000.00 Total Revenue Projected $ 2,540,000.00 $ 1,255,000.00 Object Code Projected Expenditures 2020-2021 Adopted Budget 2021-2022 Proposed Budget 512000 Administration Salaries $ 401,000.00 $ 399,300.00 513000 Park Salaries $ 208,000.00 $ 230,200.00 521000 FICA $ 46, 000.00 $ 48, 200.00 522000 Retirement Contributions $ 22,000.00 $ 25,000.00 523000 Health & Dental Insurance $ 55,000.00 $ 70,000.00 525000 Unemployment Compensation $ 5,000.00 $ 5,000.00 531000 Professional Services $ 1,000.00 $ 1,000.00 532000 Auditors $ 10,500.00 $ 10,500.00 534000 Other Contractual Services $ 246,000.00 $ 250,000.00 540000 Travel per Diem - $ 10,000.00 $ 10,000.00 541100 Postage $ 1,000.00 $ 1,000.00 541000 Communications & Related $ 5„000.00 $ 10,000.00 544000 Rent & Lease $ 55,000.00 $ 62,800.00 546000 Repair and Maintenance $ 50,000.00 $ 30,000.00 5471DO Printing & Binding $ 15,000.00 $ 10,000.00 548000 Promotional Expenses $ 25,000.00 $ 20,000.00 548100 Advertising $ 15,000.00 $ 10,000.00 549000 Other current charges & obligations $ 15,000.00 $ 10,000.00 551000 Office Supplies $ 5,000.00 $ 5,000.00 552000 Operating Supplies $ 50,0D0.00 $ 35,000.00 552200 Uniforms $ 3,000.00 $ 3,000.00 554000 Licenses, Subscriptions and Memberships $ 5,000.00 $ 4,000.00 663000 Improvement other than building (2019 Ultra) $ 286,500.00 $ - Reserve Cash wfFiscal Agent $ 5,000.00 $ 5,000.00 2021 - Ultra reserve Funds $ 1,000,000.00 $ - 2022 Ultra Music Festival $ 2,540,000.00 $ 1,255,000.00 FILE NO. 9478 - EXHIBIT A SUB VIRGINIA KEY BEACH PARK TRUST Budget Template FY 2021.22 Proposed Budget COVID-19 COVID-14 CDVED-19 FY 2017-18 Actual FY 2018-19 Actual FY 2019-20 Actuall FY 2020-21 Adopted FY 2020-21 Projection' FY 2021.22 Proposed Difference Notes Number of Full -Time Positions 5 6 6 7 7 6 1 Are any positions funded in other budgets? NO No NO No No No If so, how much is in this budget? 0 0 0 0 $0 $0 If so, how much is in the other budget? 0 0 0 0 $0 $0 Revenues Projected Revenue $634,218 $887,922 $418,752 $812,000 $525,000 5875,000 +563,000 Grants $13,350 $23,080 $127,842 $0 $0 $75,000 +$75,000 2019 Ultra Music Festival $0 $1,000,000 $0 $376,000 $0 $0 202D Ultra Music Fesitvai -Canceled $0 $0 $0 $0 $0 $0 2021 Ultra Music Fesitvai- Canceled $0 $0 $0 $0 $0 $0 2022 Ultra Music Festival $0 $0 $0 SO $0 $0 $0 City of Miami $300,000 $300,000 $300,D00 $300,000 $300,000 $300,000 $0 Cash with Fiscal Agent $26,127 $9,085 $2,000 $5,000 $5,000 55,000 $0 -$5,000 Miami Dade County Train Project $0 $0 $125,000 $47,000 $0 $0 -$47,000 Revenue Grand Total $973.695 $2.220.087 $973,594 $1,540,000 $830,000 41,255,000 $91,000 Expenditures Regular Salary and Wages $258,347 $335,334 $345,242 $401,000 $385,000 $399,300 -$1,700 Other Salaries /Park $128,599 $159,615 $201,967 $208,000 $185,000 $230,200 +$22,200 FICA Taxes $29,753 $37,653 $41,728 $46,000 $43,000 $48,200 +$2,2D0 Retirement Contributions -$433 S6,600 $15,014 $22,000 $19,000 $25,000 +$3,000 Life and Health Insurance $28,905 $47,585 $63,020 $55,000 $681000 $70,000 +$15,000 Workers' Compensation $0 $0 $0 $0 $0 $0 $0 Unemployment _ $0 $0 $0 $5,000 $3,000 $5,000 $0 Professional Services $800 $0 $2,000 $11000 $0 $1,000 $0 Accounting and Auditing $9,5D0 $9,500 $9,500 $10500 $9,500 $10,500 $0 Other Contractual Services $182,266 $312,811 $185,793 $246,000 $220,000 $250,000 +$4,000 Travel and Per Diem $6,509 $17,527 $11,039 $10,000 $4,000 $10,000 $0 Postage $291 $770 $1,026 $1,000 $500 $1,000 $0 Communication & Related $2,421 $2,067 $3,787 55,000 $9,000 510,000 +$5,000 Rentals and Leases $54,125 $44,536 $74,733 $55,000 $60,000 $62,800 +$7,800 Repair and Maintenance Services 529,104 $26,996 $29,811 $50,000 $25,000 $30,000 -$20,000 Printing and Binding Outsource $6,876 $18,047 $11,861 $15,000 $7,000 $10,000 -$5,000 Promotion Expense $25,687 $41,585 $27,561 $25,000 $15,000 $20,000 -$5,000 Advertisin& and Related Costs $14,150 $9,173 $4,964 $15,000 $5,000 $10,000 -55,OOO Other Current Charges & Obligations $11,247 $14,338 $4,613 $15,000 $4,0D0 $10'000 -$5,000 Office supplies $4,859 $8,349 $3,651 $5,000 $3,500 $5,000 $0 Operating Supplies $32,950 26 860 $60,630 $50,000 $25,000 $35,D00 15 000 Linftrms/clothing $22 $0 $1,978 $3,000 $2,000 $3,000 $0 Subscriptions, Memberships, and Licenses $4,366 $2,142 $4,457 $5,000 $3,000 $4,000 -$1,000 Equipment & Furniture $10,078 $9,735 $39,928 $0 $0 $0 $0 Improvement other than building $0 $23,080 $107,063 $286,500 $250,000 $0 -$286,500 Construction in Progress $0 $0 $81,715 $0 $0 $0 $0 Bud et Reserve -Cash with Fiscal Agent $26,127 $9,085 $2,000 $5,000 $5,000 $51000 $0 2022 Ultra Music Festival Reserve $0 50 $0 $0 $0 $0 $0 Expenditure Grand Total $866,549 $1,163,3B8 $1,335,081 $1,540,000 $2,350,500 $1,255,000 -$285,000 Revenues Minus Expenditures $107,1461 $1,056,699-$361,487-$520,500 $376,000 SUBSTITUTED. VIRGINIA KEY BEACH PARK TRUST Budget Template FY 2021-22 Proposed Budget - ` ,- „N COVI❑-19 COVID-19 COVI0-19 FY 2017-18 Actual FY 2018-19 Actuall FY 2019-20 Actual FY 2020-21 Adapted FY 2020-21 Projection I FY 2021-22 Pro osed Difference Not Number of Full -Time Positions 5 6 6 7 7 6 -1 Are any positions funded €n other budgets? NO No NO No No No If so, how much is in this budget? 0 0 0 0 $0oo $0 If so, how much is in the other budget? 0 0 0 0 $0 $0 RdveFlues Propected Revenue $634,218 $887,922 $418,752 $812,000 $525,000 $875,000 +$63,000 Grants $13,350 $23,080 $127,842 $0 $0 $75,000 +$75,000 2019 Ultra Music Festival $0 $1,000,000 $0 $376,000 $0 $0 2020 Ultra Music Fesitval -Canceled $0 $0 $0 $0 $0 $0 2D21 Ultra Music Fesitva€- Canceled $0 $0 $0 $0 $0 2022 Ultra Music Festival $01 $0 $0 $0 $0 $1,000,000 +$1,000,000 City of Miami $300,000 $300,000 $300,000 $300,000 300,000 $300,000 $0 Cash with Fiscal Agent $26,127 $9,085 $2,000 $5,000 $5,000 $5,000 $0 -$5,000 Miami Dade County Train Project $0 $0 $125,000 $47,000 $0 $0 -$47,000 Revenue Grand Total $973,695 $2,220,087 $973,594 $1,540,000 $830,000 $2,255,D00 $1,091,000 Regular Salary and Wages g $258347 , $335334 , $345242 , 1,000 $385,000 $ 399,300 -$1,700 Other Salaries/Park $128,599 $159,615 $201,967 $208,000 $185,000 $230,200 +$22,200 FICA Taxes $29,753 $37,653 541,728 $46,000 $43,000 $48,200 +$2,200 Retirement Contributions -$433 $6,600 $15,014 $22,000 $19,000 $25,000 +$3,000 Life and Health Insurance $29,905 $47,585 $63,020 $55,000 $68,000 $70,000 +$15,000 Workers' Compensation $0 $0 $ $0' $0 $0 $0 Unemployment $0 $0 $0 $5,000 $3,000 $5,000 $0 Professional Services $800 $0 2,000 $1,000 $0 $1,000 $0 Accounting and Auditing $9,500 $9,500 $9,500 $10,500 $9,500 $10,500 $0 Other Contractual Services $182,266 $312,811 $185,793 $246,000 $220,000 5250,000 +$4,000 Travel and Per Diem $6,509 $17,527 511,039 $10,000 $4,000 $10,000 $0 Postage $291 $770 $1,026 $1,000 $500 $1,000 $0 Communication & Related $2,421 $2,0 $3,787 $5,000 $9,000 $10,000 +$5,000 Rentals and Leases $54,125 $ ,536 $14,733 $55,000 $60,000 $62,800 +$7,800 Repair and Maintenance Services $29,104 26,996 $29,811 $50,000 $25,000 $30,000 -$20,000 Printing and Binding Outsource $6,876 $18,047 $11,861 $15,000 $7,000 $10,000 -$5,000 Promotion Expense $25,687 541,585 $27,561 $25,000 $15,000 $20,000 -$5,000 Advertising and Related Costs $14,150 $9,173 $4,964 $15,000 $5,000 $10,000 -55,000 Other Current Charges & Obligations $11,247 $14,338 $4,613 $15,000 $4,000 $10,000 -$5,000' Office Supplies $4, $8,349 53,651 $5,000 $3,500 $5,000 $0 Operating Supplies_ 950 $26,860 $60,630 $50,000 $25,000 $35.000 -$15,000 Uniforms/clothing $22 $0 $1,978 $3,000 $2,000 $3,000 $0 Subscriptions, Memberships, and Licenses $4,366 $2,142 $4,457 $5,000 $3,000 $4,000 -$1,000 Equipment & Furniture $10,078 $9,735 $39,928 $0 $0 $0 $0 Improvement other than building $0 $23,080 $107,063 $286,500 $250,000 50 -$286,500 Construction in Progress $0 $0 581,715 $0 $0 $0 $0 Budget Reserve -Cash with P-1 Ag-t $26,127 $9,085 $2,000 $5,000 $5,000 $5,000 50 2022 Ultra Music Festival Rese $0 $0 $0 $0 $0 $1,000,000 +$1,000,000 Ex enditure Grand Tota $866,549 $1,163,388 $1,335,081 $1,540,0001 $1,350,5001 $2,255,000 $715,000 $376,000 VIRGINIA KEY BEACH PARK TRUST SUBSTITUTEE 2021-2022 Proposed Budget Virginia Key Beach Park Trust 2020-2021 Adopted Budget 2021-2022 Proposed Budget 449000 Projected Revenue $ 812,000.00 $ 875,000.00 431000 Grants $ - $ 75,000.0 448000 2019 Ultra Music Festival $ 376,000.00 $ - 448000 2020 Ultra Music Festival $ - $ - 448000 2021 Ultra Music Festival $ 1,000,000.00 $ - 448000 2022 Ultra Music Festival $ 1 00,000.00 489900 MDC Train Project $ 47,000,00 $ - 439000 City of Miami Contribution $ 300,000.00 $ 300,000.00 466000 Cash with fiscal agent $ 5,000.00 $ 5,000.00 Total Revenue Projected $ 2,540,000.00 $ 2,255,000.00 Object Code Projected Expenditures 2020-2021 Adopted Budg 2021-2022 Proposed Budget 512000 Administration Salaries $ 401 00.00 $ 399,300.00 513000 Park Salaries $ 8,000,00 $ 230,200.00 521000 FICA $ 46,000.00 $ 48,200.00 522000 Retirement Contributions $ 22,000.00 $ 25,000.00 523000 Health & Dental Insurance $ 55,000.00 $ 70,000.00 525000 Unemployment Compensation $ 5,000.00 $ 5,000.00 531000 Professional Services 1,000.00 $ 1,000.00 532000 Auditors $ 10,500.00 $ 10,500.00 534000 Other Contractual Services $ 246,000.00 $ 250,000,00 540000 Travel per Diem - $ 10,000.00 $ 10,000.00 541100 Postage $ 1,000.00 $ 1,000.00 541000 Communications & Related $ 5,000.00 $ 10,000.00 544000 Rent & Lease $ 55,000.00 $ 62,800.00 546000 Repair and Maintenance $ 50,000.00 $ 30,000.00 547100 Printing & Binding $ 15,000.00 $ 10,000.00 548000 Promotional Expense $ 25,000.00 $ 20,000.00 548100 Advertising $ 15,000.00 $ 10,000.00 549000 Other current ch rges & obligations $ 15,000.00 $ 10,000.00 551000 Office Suppli $ 5,000.00 $ 5,000.00 552000 Operating Applies $ 50,000.00 $ 35,000.00 552200 Uniform $ 3,000.00 $ 3,000.00 554000 Licen s, Subscriptions and Me ershi s $ 5,000.00 $ 4,000.00 663000 ovement other than building (2019 Itra) $ 286,500.00 $ - Reserve Cash wfFiscal Agent $ 5,000.00 $ 5.000.00 2021 - Ultra reserve Funds $ 1,000,000.00 $ - 2022 Ultra Music Festival $ 1,000,000.00 $ 2,540,000.00 1 $ 2,255,000.00 SUBSTITUTED. Historic Virginia Key Beach Park FY 2021 - 2022 Revenue Projection COVID19 Weekend/Holiday Ent 195,565 M-F Entry 42,000 Pavilion Rentals 42,500 Film & Photo Shoots 10,000 Weddin s & Receptions 15,000 Cabin Rentals 1,500 MILK Day Parade, Egbe African is Great Festival, Cystic/Holiday Strides, Easter nd Activities VK Jouvert, Raomotion Fundraiser, Raelay Eve Bikini Sundayz, Bawl ouse of Creatives, Wre Keys, Rakastella, USst Car Show, Wet Fete WateJuly 4th Parade, Love Bg Phat Fish, JEEP Promotiot, HolidayReturnin Lar e Events Lights at HVKBteenth Event 210,000 Reggae Musi Festival, Community Music Fest plash Down Event, Holiday P p-Up Parties, Art Basel - Act vat" n, HBCU Spring Break BBQ, 77th riniversary Punic, Grassroots al of Music&Dance, SWARM Vri:s, New Lar e Events Fractal Beach 150,000 Give Miami Day, (2) Dine-n-Dash Historic Tours, Summer Back Packs, Harvest Festival, Black Ceasar Event, ArantsHumanitites, Rooftop fundraising reception, Mellon/FlU Grant, Florida Fundraising Campaign ; Events; IMLS, State of Florida 85,000 Key Bees Summer Camp 30,000 Camp Guaikinima 20,000 Rest of the World Soccer ademy 18,375 Biscayne Nature Center 1,000 HistoryMiami 1,000 Nature Postings 1,225 Historic Concessio Stand Operation Pop-up Vendors 35,000 Vending Machingg & ATM 2,000 Food Trucks &XVeekend Vendors 10,400 Trunk Town Larket 1,000 Hip Cam on- rofit & Scouting) 9,000 Total 875,000