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Home My WebLink AboutOMNI-CRA-R-02-0048June 13, 2002 ITEM 1 RESOLUTION NO. OMNUCRA R O 2_ 48 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OMNI COMMUNITY REDEVELOPMENT AGENCY (CRA) APPROVING AN AMENDMENT TO THE FISCAL YEAR 2002 BUDGET (AMENDED BUDGET) ATTACHED HERTO AS EXHIBIT " A.", AND TRANSMIT TO MIAMI DADE COUNTY. 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 of the CRA approves the amended budget attached as Exhibit A and incorporated herein by reference. Section 3. This resolution shall be effective immediately upon its adoption. PASSED AND ADOPTED this 30th day of May, 2002. Arthur E. Teele, Jr., Chairman Priscilla Thompson Clerk of the Board APPROVED AS TO FORM AND CORRECTNESS: Alejandro Vilarello CRA General Counsel OMNI/CRA 02- 48 lectronic Excel Form vailable call 305-375-5143 sk for Tom =Y 01-02 begins October 1, 2001) fenues ity Tax Increment Revenue ounty Tax Increment Revenue arryover from prior year ether ,perating transfers in iterest earnings evenue Total xpenditures dministrative Expenditures: Employee salary and fringe Contractual services Insurance Audits and studies Printing and publishing Marketing Advertising and notices Travel Rent/lease costs Office equipment and furniture Other Admin. Exps (attach list) ►) Subtotal Admin Expenses aerating Expenditures: =mployee salary and fringe Contractual services Insurance Audits and studies Printing and publishing Marketing Special events Legal services/court costs Land/building acquisitions Infrastructure improvements Building construction & improves Debt service payments Redevelopment grants given out Redevelopment loans issued out Transfers out to others Other Oper. Expenses (attach list) 1) Subtotal Oper. Expenses :) Reserve/Contingency wendiiture Total (A+B+C) City of Miami Omni imunity Redevelopment Agency FY 2001 - 2002 Proposed Budget (round all dollars to nearest $100) FY 99-00 FY 99-00 FY 00-01 FY 00-01 FY 01-02 Budget Budget Budget Budget Budget Adopted Actual Adopted Projection Proposed $515,625 $517,335 $624,295 $624,295 $964,997 $317,382 $317,383 $403,172 $393,449 $918,663 $1,992,496 $150,000 $1,204,784 $1,200,000 $0 $0 $0 $0 $41,370 $94,438 $25,000 $47,557 $30,0013 $2,866,873 $929,156 $1,202,467 $2,270,085 $3,113,660 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $2,500 $500 $0 $0 $2,500 $0 $0 $0 $0 $0 $0 $2,500 $500 $2,500 $68,353 $37,505 $56,353 $32,171 $2,000 $0 $10,000 $0 $0 $2,450 $15,000 $1,653,710 $101,455 $43,600 $449,570 $2,349,513 $1,243,693 $1,166,427 $1,017,744 $1,430,000 $2,500 $196 $2,417,866 $1,382,653 $1,270,880 $1,499,681 $3,111,160 $449,007 $0 $68,047 $0 $0 $2,866,8731 $1,382,6531 $1,341,4271 $1,500,1811 $3,113,660 ash Position (Rev-Exp) Redevelopment Projects List FY 99-00 FY 99-00 FY 00-01 FY 00-01 FY 01-02 Planned Actual Planned Projected Proposed --, cts: act name;include begin/end dates -oject name;include begin/end dates oject name;include begin/end dates oject name;include begin/end dates iditional projects - attach list )tal project dollars here: Expenditures Expenditures Expenditures Expenditures Expenditures t I IF CITY OF MIAMI COMMUNITY REDEVELOPMENT AGENCY OMNI Project - 686001 Modified FY'01 FY'02 Budget Budge Source Revenues Taxes Real Current 624,295 964,997 Comr. From Other Govt. Cnty. 403,172 918,663 Allowance Property Appraisal Board (PAB) - Interest on Investment 25,000 30,000 Carryover Fund Balance 150,000 - Gain/Loss on Investments Transfer in/Impact Fees 341,400 341,400 Transfer in/Safe Neighborhood Grant 260,420 260,450 Transfer in/Florida Inland Navigation District 161,995 161,995 Intrafund Loan from SEOPW - - Reimb/City Bond Funding 2,500,000 Appropriated Fund Balance 1,200,000 1,200,000 3,166,282 6,377,505 Expenditures Salaries -Unclassified 51,496 - Social Security Contrib. 4,857 - Professional Svcs. Other 10,000 Advertising 2,500 2,500 Other Contractual Services 2,000 - Entertainment 2,500 2,450 Construction in Progress 1,243,600 4,917,555 Intergovernmental Charges 1,027,467 1,430,000 Allocation -City Clerk & Atty 15,000 Budget Reserve 68,047 - 2,402,467 6,377,505 Revised 05/2002 lV l 5/30120029:25 AM 00 CRA audit work papers CITY OF MIAMI OMNI REDEVELOPMENT REDEVELOPMENT AGENCY Balance Sheet Special Revenue Fund Assets: Equity in polled cash Due from other government Due from primary government Interest receivable Total assets Liabilities & Fund Balances Accounts payable Fund balance -undesignated Total liabilities and fund balance Balance as of Balance as of 09/30/00 09/30/01 533,567 502,357 663,895 531,736 - 425,683 7,322 11,814 1,204,784 1,471,590 - 276,003 1,204,784 1,195,587 1,204,784 1,471,590 01,AM/CRA 02- 48