HomeMy WebLinkAboutSEOPW-CRA-R-02-0106June 13, 2002
ITEM 1A
U`)"ti
RESOLUTION NO. SEOPW/CRA R-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SOUTHEAST
OVERTOWN/PARK WEST (SEOPW) COMMUNITY REDEVELOPMENT AGENCY
(CRA) RECEIVING 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
SEOPW 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
SEOPW/CRA
o2- 106
June 13, 2002
Chairman Arthur E. Teele, Jr. and
0. Members of the CRA Board
Annette E. Lewis
ROM: Acting Executive Director
CITY OF MIAMI, FLORIDA
INTER -OFFICE MEMORANDUM ITEM 1A
June 13, 2002
DATE: FILE:
SUBJECT: Monthly Financial Statements as of
April 30, 2002
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 Board 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.
General Source: N/A
Account Number: N/A
SEOPW / CRA
02- 106
? l 1
City of Miami Community Redevelopment Agency
Unaudited Combined Balance Sheet
as of
4/30/02 Preliminary
OMNI-11F
SEOPW-TIF General Operating
Redev. Pros Community Prot,
SEOPW-Redev. SEOPW-Redev.Tru Totals
SEOPW only
Revenues:
Taxes $
964,997
801,316 -
1,766,313
801,316
Rentals
-
7,455 40,882
-
48,337
48,337
Interest on investrnents
16,192
47,649 11,059
23,187
98,087
81,895
Investment (Gain/Loss)
(3,727)
(7,136) (6,799)
(4,234)
Transfer in from Con m mity Development
_
-
Contribmion from General Fund
163,035
-
163,035
163,035
Offstreet ping
-
375,000
375,000
375,000
Carryover fiord balance
-
-
-
-
Contribution from other governments
618,663
548,451
1,167,114
548,451
Sale of Property
-
2,213,500
2,213,500
2,213,500
Contribution from off street parking
_
-
Impact fees
-
Total revenue
1,596,124
3,611,236 208,177
393,952
5,909,490
4,213,365
Expenditures:
Salaries and benefits
13,952
- 277,329
-
29I,281
277,329
Operating
(24,863)
481,430 776,591
1,233,158
1,258,021
I.and
104,747 -
104,747
104,747
Plant, property and equipment
-
-
Constrnction in progress
267,713
374,937 -
-
642,649
374,937
Other
1,430,000
13,758 14,148
375,000
1,832,906
402,906
Budget reserve
-
- -
-
-
1,686,802
974,871 1,068,068
375,000
4,104,741
2,417,939
Other financing sources (uses):
-
- -
-
-
-
Operating transfers in
Operating transfers out
Operating transfers in from local government
Excess (deficiency) of revenue and other
financing sources over (under expenditures
and other financing uses (90,678) 2,636,365 (859,891) 18,952 - 1,704,749 1,795,426
Mund balance (deficit), beginning ofyear 485,577 1,368,487 426,807 1,088,164 Z (276) (252,223) (5,813) 3,110,727 2,625,149
I(DEquity transfers in (out) - - - - -
und balance, end of period s 394,900 4,004,852 (433,094) 1,107,117 (276) (252,223) (5,813) 4,815,472 4,420,573
l If 1
City of Miami Community Redevelopment Agency
Unaudited Combined Balance Sheet
as of
4/30/02 Preliminary
OMNI
SEOPW
OMNI-TIF
SEOPW-TIF
General Ooeratiop
Redev. Proi
Community Prop.
SEOPW-Redev.
SEOPW-Redev.Tru
Totals
SEOPW only
Assets:
Project 689005
Project 670001
Project 689006
Project 705128
Cash, cash equivalents and investments $
387,405
4,027,850
" (437,427) 4
1,096,018
(276)
(252,223)
(5,813)
4,815,534
4,428,129
Accounts receivable
-
500,000
-
-
500,000
500,000
Allowance for accounts receivable
-
-
_
Interest receivable
5,947
24,719
3,462
8,807
42,936
36,988
Market gain/(loss) investments
1,547
6,431
901
2,291
11,171
9,624
Prepaid expense
-
-
-
-
_
-
Restricted assets
-
-
-
Total Assets
394,900
4,559,000
(433,064)
1,107,117
(276)
(252,223)
(5,813)
5,3699640
4,974,741
Liabilities and Fund Balance
Accounts payable
-
-
20
-
20
20
Prepaid Income
554,148
-
Accrued liabilities
-
-
-
Totalliabilities
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
4,004,852
(433,084)
1,107,117
(276)
(252,223)
(5,813)
4,815,472
4,420,573
Total Liabilities and Fund Balances
394,900
415591000
Q (433,014)
1,107&117
(276)
(252,223)
(5,813)
52369,640
4,974,741
* - Cash was adjusted to eliminate May 2002 activity reflected in the April 2002 SCI Balance Sheet accounts.
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