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Home My WebLink AboutOMNI-CRA-R-02-0043OMNI/CRA ITEM 1A RESOLUTION NO. A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OMNI COMMUNITY REDEVELOPMENT AGENCY ("CRA") ACKNOWLEDGING RECEIPT AND ACCEPTANCE OF THE MONTHLY FINANCIAL STATEMENTS AS OF APRIL 30, 2002, AS PRESENTED BY THE CHIEF FINANCIAL OFFICER OF THE CRA. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are incorporated herein as if fully set forth in this Section. Section 2. The Board of Directors acknowledges receipt and acceptance of the monthly financial statements as of April 30, 2002, as presented by the Chief Financial Officer of the Section 3. The Resolution shall be effective immediately upon its adoption. omm/CRA '`� PASSED AND ADOPTED this 13th day of June 2002. ATTEST: PRISCILLA A. THOMPSON, CITY CLERK APPROVED AS TO FORM AND CORRECTNE-SSI: L" R@---V-I LARELLO , CIT ATTORNEY ou I/CRA R-02-43: ELF ARTHUR E. TEELE, Jr., CHAIRMAN Page 2 of 2 OMM/CRA SEOPW AND OMNI/CRA CITY CLERK'S REPORT MEETING DATE: June 13, 2002 Page No. I ITEM 1-A A RESOLUTION OF THE BOARD OF DIRECTORS SEOPW/CRA RESOLUTION 02-106 OF THE COMMUNITY REDEVELOPMENT OMNI/CRA RESOLUTION 02-43 AGENCY (CPA) RECEIVING THE MONTHLY MOVED: WINTON FINANCIAL STATEMENTS AS OF APRIL 30, 2002, SECONDED: GONZALEZ AS PRESENTED BY THE CHIEF FINANCIAL ABSENT: REGALADO OFFICER OF THE CRA. ITEM 2 A RESOL ION OF THE BOARD OF DIRECTORS SEOPW/CRA RESOLUTION 02-107 OF THE S THEAST OVERTOWN/PARK WEST MOVED: WINTON (SEOPW) OMMUNITY REDEVELOPMENT SECONDED: GONZALEZ AGENCY (CRA AUTHORIZING THE EXECUTIVE ABSENT: REGALADO DIRECTOR TOP GY PACK OFF THE CITY OF MIAMI'S FY '02-'0 CONTRACT WITH HJ ROSS FOR THE FULL CON CT AMOUNT OF $600,000 BETWEEN THE SEO W & OMNI DISTRICTS SUBJECT TO THE AVA ILITY OF SEOPW TIF AND GENERAL FUND FROM ACCOUNT NUMBERS 689001.550108, A 689004.550011. ITEM 2 A RESOLUTION OTHE BOARD OF DIRECTORS OMNI/CRA RESOLUTION 02-44 OF THE OMNI CO UNITY REDEVELOPMENT MOVED: WINTON AGENCY (CRA) AUTHORIZING THE EXECUTIVE SECONDED: GONZALEZ DIRECTOR TO PIGGY CK OFF THE CITY OF ABSENT: REGALADO MIAMI'S FY '02-'04 CO RACT WITH HJ ROSS FOR THE FULL CONTRAC OUNT OF $600,000 BETWEEN THE SEOPW & OMNI DISTRICTS SUBJECT TO THE AVAILABIL TY OF OMNI TIF AND GENERAL FUNDS F M ACCOUNT NUMBER 686001.590320.6.860. OMI M / CRA 02- 43 June 13, 2M CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM .> ITEM lA Chairman Arthur E. Teele, Jr. and June 13, 2002 Members of the CRA Board DATE: FILE: SUBJECT: Monthly Financial Statements as of April 30, 2002 Annette E. Lewis Rom, Acting Executive Director REFERENCES, Resolution, supporting documents ENCLOSURES: RECOMMENDATION It is respectfully recommended that the CRA Board of Directors approve the attached resolution receiving the monthly financial statements as of April 30, 2002 .BACKGROUND As a formality, the CRA provides each $oard Member with an updated monthly financial report for both the Southeast Overtown/Parkwest CRA and the Omni CRA which details the expenditures, revenues and funds balance of all accounts. z General Source: N/A Account Number: N/A GMM / CRA 02- 3 - a City of MLmi Commanity Redevelopment. Agency Unaudited Combined Balance 9baet no( 4/30/0 Preliminary NOM FT<t SEOPW 7IF General Ooeratias Rsdev. Pros CpmsaniN Prot. SEOPW Rcdev. SEOPW-Rede►.T, Tot* SEOPW oni, \ Revenues: . Taxes S 964,997 80I,316 - - - - 1,766,313 90016 Rentals - 7,455 40,882 - - - - 48,337 48,337 Interest oninvesunaft 16,192 47,649 11,059 23,187 - - - 99,097 $1,995 hrvestroeot (Gain/L-s) (3,727) ' (7,136) (6,799) (4,234) Transfer in frc ea cor comity Development - - - - - - - - - Contribution from General Fund - - 163,035 - - - 163,035 163,035 Offmotparlirg - - 375.000 - - - 375,600 375,000 Canyoarrfind balance - - - - - Contribution fran other governments 618,663 548,451 - - - - - 1,167,114 548,451 Saleofpmperty - 2,213,500 - - - - - 2;213,500 2.213,500 Contribution from offs ttafpad* - - - - - - . - - - - - _ Total revenue 1,596,124 3,611,236 209,177 393,952 5,809,490 4,213,365 Expenditures. Salariies and benefits 13,952 - 277,329 - - . - - 291,281 277.329 Operating (24,963) 491,430 776,591 - - - - 1,233,159 1,259,021 Laud - 104,747 - - - - - 104.747 104,747 Plan, property and equipment - _ - Cooshrrction'inprogress 267,713 374,937 - - - - - 642,649 374,937 Other 1,430,000 13.759 14,149 375,000 - - - 1.93t906 402.906 Budget reserve - .1,686,802 974,871 1,06%068 375,000 4,104,741 2,417,939 Other financing winces (-s . - - - - - Operating trmafas in - - - - - - - OpaahagtranSfaaOut Operating transfers in fiom local govetnrnent Excess (deficiency) ofrevemre and other financing aoaroes over(under expenditures o And other financing uses Z'ZI Fund balance (deficit), beginning ofyear yr� Equity transfers in (out) ` Faced balance, end of period (90.678) 2,636,365 (959,391) 18,952 - -� - 1,7041749 1,795,426 495,577. r 1,368,487 426,807 1,088,164 _ (276) (252,223) (5,913) 3,110,727 2,625,149 S ,9®0 �,004��ESES2 L 1,�107.117 �(276) �� (5,813) 4,815,472 4,420,573 T, Cky of Misnuf Community Redevelopsoad Apney Umo;dfted Comblised Balance filied as of 4/3OM2 Preliminary OMM SEOPW OMNYTIF SEOPW TIF Gee" Oneratlist Redev, Proi Community Prow. SE01W.-Rodew, SEOPW-Redry.Tre TQIAIS SEOPW only Assets: Project 699005 Project 670001 Project 689006 Project 705128 Cash, cash equivalents and investments S 397,405 4,627,850 (437,427) 4 1,096,019 (276) (252,223) (5,913) 4,815,534 4,429,129 Accounts receivable - 500,000 500,000 500,000 Allowance for accounts receivable - - Interest receivable 5,947 24,719 3,462 9,807 42,936. 36,988 Market pintaoss) investments 1,547 6,431 901. 2,291 11,171 9,624 Prepaid expense - - - Restricted saw - - - Total Assets 394,900 4.559,000 (433,964) 1,107,117 (276) (252,223) (9,913) 5369,640 4,974,741 Liabilities and Fund Balance Accounts payable 20 20 20 Prepaid income .554,148 Accrued liabilities - Total liabilities 554,148 20 554,168 554,168 Fund Balance: Reserved for encumbrances Undesignated 394,900 4,004,852 (433,084) 1,107,117 (276) (252,223) (5,813) 4,815,472 4,420,573 394,900 4004852 (433,084) 1,107,117 (276) (252223) (3,813) 4,815,472 4,420,573 Total Liabilities mg Fund Balances 394,900 4,559,000 (433,064) 1,107,117 . . . . . . P761 P2a23J (5.913) 5,369,640 4,974,741 • - Cash was adjusted to elladmate May 2002 activity reflected is the April 2002 SO Balance Sbeet aceouaft June 13, 2002 ITEM 1A RESOLUTION NO. OMNI/CRA R-U 2 - 13 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OMNI COMMUNITY REDEVELOPMENT AGENCY (CRA) RECEIVING THE MONTHLY FINANCIAL STATEMENTS AS OF APRIL 30, 2002, AS PRESENTED BY THE CHIEF FINANCIAL OFFICER OF THE CRA. 0 NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE OMNI COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble to this Resolution are incorporated herein as if fully set forth in this Section. Section 2. The CRA Board of Directors hereby acknowledge receipt of the monthly financials statements as of April 30, 2002 as presented by the Chief Financial Officer of the CRA. Section 3. This resolution shall be effective immediately upon its adoption. PASSED AND ADOPTED this 30th day of May, 2002. Priscilla Thompson Clerk of the Board APPROVED AS TO FORM AND CORRECTNESS: Alejandro Vilarello CRA General Counsel Arthur E. Teele, Jr., Chairman 02- 43