HomeMy WebLinkAboutSEOPW-CRA-1996-11-18-Discussion Item 03New Rent (-23%) r `�
CITY OF MIAMI
COMMUNITY REDEVELOPMENT AGENCY
PROPOSED FY 1996-97 BUDGET - 23% CUT
FY '97
SEOPW
C.D.B.G.
0MNI
PROPOSED
TRUST
799610
TRUST
OBJ
DESCRIPTION
BUDGET
FUND
452227
FUND
OTHER
Salaries
& Wages:
010
Sala ries/Unclass
$366,462
$118,472
121,106
65,818
61,066
001
Salaries/Class
$0
$0
$0
$0
$0
012
Salaries /Part Time
$0
$0
$0
$0
$0
Sub -Total
$366,462
$118,472
121,106
65,818
61,066
Fringe Benefits:
100
Fica Taxes
$25,281
8,173
8,355
4,541
4,213
110
Rat Cont
130
Group Ins
150
Worker's Comp
Sub -Total
$25,281
$8, 773
$8,355
$4,541
$4,213
TOTAL PERSONNEL
$391,743
$126,645
$129,461
$70,358
$65,279
Fixed
Operating Expenses:
280
Prof Sery Accounting
$7,000
$0
$0
$0
$7,000
287
Advertising
$7,000
$0
$0
$0
$7,000
310
Court Cost & Fees
$750
$0
$0
$0
$750
420
Travel & Per Diem
$6,000
$0
$0
$0
$6,000
533
Postage
$1,000
$0
$0
$0
$1,000
610
Rent Equipment
$5,500
$0
$0
$O
$5,500
620
Rent Building
$27,500
$0
$0
$0
$27,500
640
Insurance Expense
$0
$0
$0
$0
$0
772
Property Maintenance
$0
$0
$0
$0
$0
773
Print Shop
$1,000
$0
$0
$0
$1,000
774
Comm Maintenance
$0
$0
$0
SO
$0
778
Motor Pool
$0
SO
$0
$0
$0
Sub -Total
$55,750
$0
$0
$0
$55,750
Page 1
4
New Rent (-23%)
Variable
Operating Expenses:
220
Prof Sery Appraisal
$4,500
$0
$0
$0
$4,500
230
Prof Sery Arch
$0
$0
$0
$0
$0
260
Prof Sery Legal
$45,000
$0
$0
$0
$45,000
270
Prof Sery Other
$50,000
$12,785
$20,539
$9,642
$7,034
340
Contractual Services
$0
$0
$0
$0
$0
475
Entertainment
$3,000
$0
$0
$0
$3,000
510
Telephone
$3,500
$0
$0
$0
$3,500
540
Ulitity Svcs - Electricity
$5,000
$0
$0
$0
$5,000
560
Utility Svcs - Water
$2,000
$0
$0
$0
$2,000
670
Repair & Maint./ 7th & 9th St. Malls
$25,000
$0
$0
$0
$25,000
690
Promo Activities/Brock.
$15,000
$0
$0
$0
$15,000
700
Office Supplies/Stationery
$3,000
$0
$0
$0
$3,000
722 1
Miscellaneous Supplies
$3,000
$0
$0
$0
$3,000
760
Books, Pub & Memb
$2,980
$0
$0
$0
$2,980
793
Ozalid Billings
$0
$0
$0
$0
$0
795
Police Id
$0
$0
$0
$0
$0
Sub -Total
$161,980
$12,785
$20,539
$9,642
$119,014
TOTAL OPERATING
$217,730
$12,785
$20,539
$9,642
$174,764
Capital Outlay:
840
Equipment New
$10,000
$0
$0
$0
$10,000
841
Office Furniture
$10,000
$0
$0
SO
$10,000
880
Capital Leases
$0
$0
$0
$0
$0
TOTAL CAPITAL OUTLAY
$20,000
$0
$0
$0
$20,000
TOTAL
ADMINISTRATIVE
BUDGET
$629,473
$139,430
$150,000
$80,000
$260,043
" New budget represents a 23% reduction in total budget amount and a 42% reduction in City
funding for the project.
Page 2
Justification
COMMUNITY REDEVELOPMENT AGENCY
PROPOSED REDUCTIONS IN THE BUDGET FOR FY 96-97
Minor Object and Description
533 Postage
610 Rent Equipment
620 Rent Building
VARIABLE OPERATING EXPENSES
Minor Object and Description
220 Prof. Svcs. - Appraisals
250 Prof. Svcs. - Legal
270 Prof. Svcs. - Other
CAPITAL OUTLAY
Minor Object and Description
841 Office Furniture
TOTAL REDUCTION
Original $
5%
Change
10%
Change
15%
Change
23% "
Change
11500
1,000
(500)
1,000
(500)
1,000
(500)
1,000
(500)
7,500
5,500
(2,000)
5,500
(2,000)
5,000
(2,500)
5,000
(2,500)
70,400
102,322
31,922
102,322
31,922
102,322
31,922
27,500
(42,900)
15,000
10,000
(5,000)
10,000
(51000)
4,500
00,500)
4,500
(10,500)
75,000
65,000
(10,000)
55,000
(20,000)
45,000
130 000)
45,000
(30,000)
150,000
93,078
(56,922)
68,078
(81,922)
42,966
(107:034)
50,000
(100,000)
15,000
15,000 0
10,000 (51000)
10,000 (5,000)
10,000 (5,000)
(42,500)
(82,500)
(123,612)
(191,400)
• New budget represents a 23% reduction in total budget amount and a 42% reduction in City funding for the project.
Page 1
Justification
Note: Postage, projected budget amount based on actual usage during 11 months of FY 95-96.
Note. Rent Equipment: we have recently purchased a fax machine and printer from funds identified in our FY 95-96 budget and have
been able to reduce monies required to rent equipment for this year.
Note: Rent Building: since we were not able to purchase a building in SEOPW, we will have rent space. Reduced rent amount is a result
of securing alternate office space.
Note: Prof. Svcs., Appraisals: appraisals are obtained in the process of acquiring and disposing of land. Since most of our activities for
the coming year will be disposition activities, the CRA will be able to recover most of these costs once land leases for housing
development projects are finalized. This account will, therefore function as an reserve account with the exception of $4,500.
Note: Prof. Svcs., Legal: we estimate that our requirements of legal services will decrease for FY 96-97, since the CRA has been duly
implemented and the transfer of City properties to the CRA and interlocals are practically all completed and executed. $45,000 is
the minimum amount we foresee requiring, but since we have numeours housing activities slated for this fiscal year, we may
require legal services in the amount of $55,000.
Note: Prof. Svcs., Other: We have accelerated our efforts in order to take advantage of HUD's EDI funding opportunity for 300 + units of
housing for homeownership in Overtown. As a result, we expect to be able to function with less assistance from outside
consultant during this fiscal year. A small adjustment was made to this minor object to accomodate one professional services
agreement for services we anticipate requiring during this fiscal year.
Note: Office Furniture: with the exception of archiving equipment, we will rely on surplus furniture to supplement our needs.
Page 2