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HomeMy WebLinkAboutSEOPW-CRA-2003-10-27-Discussion Item 2• OFFICIAL REPORT ITEM 2 OCT 2 7 2003 Harvey, Branker & Associates, P.A., CPA Consulting Firm: CRA Financial Summary through Month End September 30, 2003. • 0 ) 0 ® ITEM 2 OCT 2 7 2003 SOUTHEAST OVERTOWN/PARK WEST • 1 AND OMNI COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM 10) To: Chairman Arthur E. Teele And Members of the CPA Board From: Frank K. Rollason Executive Director Date: OCT 27 2003 File: Subject: Presentation of CRA Monthly Financial Status Report by Harvey, Branker, & Associates References: Enclosures: Monthly Financial Statement as of September 30th, 2003 Harvey, Branker and Associates, CRA Financial Consultants, present to the CRA Board of Directors the month -end financial statement as of September 30th, 2003. FKR/ap i ISCUSSE® The City0Miami, Florida Community Redevelopment Agency Monthly Financial Consolidated Revenue/Expenditures - Project As of September 27, 2003 SOUTHEAST OVERTOWN PARK WEST OMNI GENERAL OPERATING CRA TOTALS FY 2003 FY 2003 FY 2003 FY 2003 FY 2003 FY 2003 FY 2003 FY 2003 FY 2003 FY 2003 FY 2003 FY 2003 REVISED AS 27th % of Year End REVISED AS 27th % of Year End REVISED AS 27th % of Year End REVISED AS 27th % of Year End BUDGET OF SEPTEMBER Budget Projection Variance BUDGET )F SEPTEMBEI Budget Projechon Variance BUDGET OF SEPTEMBER Budget Projection Variance BUDGET OF SEPTEMBER Budget Projection Variance SUMMARY REVENUES TAX INCREMENT REVENUES 1,587.461 1.587,461 100,0% 1,587.481 - 2,014.417 2.014,417 1000% , 2.014,417 - - - - - 3,601.878 3,601,878 100% - 3,601.878 CONTRIBUTION GOVTS-COUNTY 1,014,952 970.494 956% 970,494 (44,458) 1,287,952 1,344,103 104.4% 1.344,103 56.151 - - - - 2.302.904 2,314,597 101% 2,314.597 11,6" OTHER REVENUES 2,732,313 152,539 5.6% 930.505 (1,801,808) 24,600 58,993 239.8% 58.993 34.393 2,014.784 152,893 7.6% 1,579.179 435,605 4,771,697 384,425 B% 2,568,677 (1,331.8100) TOTAL REVENUES 5,334,726 2,710,494 50.8% 3,488,460 (1,946,266) 3,326,969 3,417,513 102.7% 3,417,513 90,544 2,014,784 152,693 7.6% 1,579,179 435.505 10,676,479 6,280,900 59% 8,485,152 (1,320,117) EXPENDITURES PERSONNEL SERVICES - - - - _ _ _ - 983,134 752.886 76.6% 701,735 201.399 983,134 752,886 77% 781.735 201,399 OPERATING EXPENSES 1.458.007 640,274 43 9% 1,222.162 235,845 1,214,06D 275.579 22796 760,579 453.481 961,650 625,377 65.0% 715,377 246,273 3,633,717 1,541,230 42% 2,698.118 935.599 CAPITAL PROJECTS 3,143,647 956,152 30A% 1,677,277 1,466,270 52,850 586.910 11105% 586.910 (534,060) 20,000 150 12,350 7,650 3,216,397 1,143,212 411% 2,276537 939,860 GRANTS AND AIDS 190.000 45,849 241% 45,849 144.151 150,135 128.518 856% 131,018 19.117 - (2,830) (2,8301 2.630 340.135 171,537 50% 174.037 166.098 NON OPERATING 543,172 - 543.172 - 1,909,924 1,430,000 749% 1,909,924 - 50,000 38,752 77.5% 38,752 11,248 2,503,096 1,468,752 59% 2,491,848 11.248 TOTAL EXPENDITURES 5,334,726 1,642,275 30.5% 3,488,460 1,846.266 3,326,969 2,421,007 72.8% 3,388,431 (61,462) 2,014,764 1,414,335 70.2% 1,645,384 469,400 10,676.479 5,477,617 51% 8,422.275 2,254,204 REVENUE LESS EXPENDITURES 1.068,219 996,506 29,082 (1,261,442) 33,795 803,283 62,877 � 000 ' C CD (p� 8 u ■ . File: sept20ncialsxls �0/17/2003 Community Redevelopment Agency South East Overtown Park Monthly Financial - Budget vs. Actual Revenue/Expenditures - Project As of September 27, 2003 FY 2003 FY 2003 FY 2003 REVISED AS 27th % of Projection Year End BUDGET Enc OF September Budget SEPT. Projection Variance SEOPW - Ord 10039 Revenues 01 TAXES 100 CURRENT AD VALOREM TAXES 001 TAXES REAL CURRENT 1,587,461 - 1,587,461 100.0% - 1,587,461 - 03INTERGOVERNMENTAL REVENUE 377 ECONOMIC ENVIRONMENT 310 CONTR FROM OTHER GOVTS-COUNTY 1,014,952 970,494 95.6 % 970,494 (44,458) 383 OTHER PAYMENTS FROM LOCAL UNIT 235 OFF-STREET PARKING - 29,068 29,068 29,068 04 CHARGES FOR SERVICES 438 HOUSING 264 PROPERTY SALE - - - _ 06 MISCELLANEOUS REVENUE 601 INTEREST INCLUDING PROFIT ON 1 094 INTEREST ON INVESTMENT 60,000 118,615 197.7% 118,615 58,615 379 INTEREST INCOME -OTHER 148 749 GAIN/LOSS INVESTMENTS - (23,374) (23,374) (23,374) 607 RENT AND ROYALTIES 070 RENTAL PROPERTIES 28,082 28,082 28,082 08 NON -REVENUES 801 INTERFUND TRANSFER 140 TRANSFER FROM COMMUNITY DEVELO - - - - 807 OTHER NON -REVENUES 990 OTHER NON -OPERATING 2,672,313 778,114 (1,894,199) TOTAL REVENUES 5,334,726 2,710,494 50.8% 3,488,460 (1,846,266) Expenditures 10 PERSONNEL SERVICES 100 SALARIES & WAGES -FIXED 010 SALARIES -UNCLASSIFIED 200 FRINGE BENEFITS -FIXED 100 SOCIAL SECURITY CONTRIB 30 OPERATING EXPENSES 300 OPERATING EXPENSES -FIXED 280 PROFESSIONAL SERVICES - ACCT'G - - - - 602 INTEREST EXPENSE 67,000 - 57,675 57,675 9,325 400 OPERATING EXPENSES -VARIABLE 220 PROFESSIONAL SERVICES - APPRAI 30,000 10,000 8,200 27.3 % 18,200 11,800 250 PROFESSIONAL SERVICES - LEGAL 177,000 50,000 103,661 58.6% 153,661 23,339 270 PROFESSIONAL SERVICES - OTHER 1,108.207 471,888 453,649 40.9% 925,537 182,670 340 OTHER CONTRACTUAL SERVICES - O 75,000 50,000 16,594 22.1 % 66,594 8,406 760 BOOKS PUBLICATIONS MEMBERSHIPS 800 - 495 495 305 60 CAPITAL OUTLAY - 500 CAPITAL OUTLAY -VARIABLE - 810 LAND 15,000 14,636 97.6% 14,636 364 860 CONSTRUCTION IN PROGRESS 3,128,547 721,125 941,516 30.1% 1;662,641 1,465,906 80 GRANTS AND AIDS - 600 GRANTS IN AID - 940 OTHER GRANTS AND AIDS 190,000 45,849 24.1 % 45,849 144.151 90 NON -OPERATING 600 TRANSFERS TO OTHER FUNDS 951 CONTRI/TRANSFER TO DEBT SERVIC - - - 956 CONTRIBUTION TO SPECIAL REVENU 543,172 543,172 543,172 960 CONTRIBUTION TO TRUST & AGENCY - - - 996 BUDGET RESERVE - - - - - _ TOTAL EXPENDITURES 5,334,726 1,303,013 1,642,275 30.8% 643,172 3,488,460 1,846,266 • REVENUE LESS EXPENDITURES 1,068,219 ICD • Community Redevelopment Agency Omni Tax Increment Fund Interlocal Monthly Financial - Budget vs. Actual Revenue/Expenditures - Project As of September 27, 2003 FY 2003 FY 2003 FY 2003 REVISED AS 27th % of Projection Year End OMNI TAX INCREMENT FUND BUDGET Enc OF September Budget Aug - Sep Projection Variance Revenues 01 TAXES _ 100 CURRENT AD VALOREM TAXES 001 TAXES REAL CURRENT 2,014,417 2,014,417 100.0% 2,014,417 - 03 INTERGOVERNMENTAL REVENUE 377 ECONOMIC ENVIRONMENT 310 CONTR FROM OTHER GOVTS-COUNTY 1,287,952 1,344,103 104.4% 1,344,103 56,151 04 CHARGES FOR SERVICES 311 MAJOR DESC. NOT FOUND 754 CRA FUND T/OUT SEOPW - - - - 06 MISCELLANEOUS REVENUE 601 INTEREST INCLUDING PROFIT ON 1 094 INTEREST ON INVESTMENT 30,000 60,751 202.5% 60,751 30,751 749 GAIN/LOSS INVESTMENTS (5,400) (1,758) (1,758) 3,642 TOTAL REVENUES 3,326,969 3,417,513 102.7% 3,417,513 90,544 Expenditures 10 PERSONNEL SERVICES 100 SALARIES & WAGES -FIXED 010 SALARIES -UNCLASSIFIED 200 FRINGE BENEFITS -FIXED 100 SOCIAL SECURITY CONTRIB - - 30 OPERATING EXPENSES 300 OPERATING EXPENSES -FIXED 280 PROFESSIONAL SERVICES - ACCT'G 12,577 12,577 287 ADVERTISING 470 ENTERTAINMENT 5,000 5,000 400 OPERATING EXPENSES -VARIABLE 230 PROFESSIONAL SERVICES - ARCHIT 263,328 253,328 250 PROFESSIONAL SERVICES - LEGAL - - 270 PROFESSIONAL SERVICES - OTHER 589,895 350,000 134,080 22.7% 484,080 105,815 340 OTHER CONTRACTUAL SERVICES - 0 - - - - - 680 PRINTING/BINDING - OUTSIDE 15,000 - 606 4.0% 606 14,394 690 PROMOTIONAL ACTIVITIES 337,460 135,000 140,323 41.6% 275,323 62,137 760 BOOKS PUBLICATIONS MEMBERSHIPS 800 - 570 71.3% 570 230 60 CAPITAL OUTLAY 500 CAPITAL OUTLAY -VARIABLE 860 CONSTRUCTION IN PROGRESS 52,850 - 586,910 1110.5% 586,910 (534,060) 80 GRANTS AND AIDS 600 GRANTS IN AID 940 OTHER GRANTS AND AIDS 150,135 2,500 128,518 85.6% 131,018 19,117 90 NON -OPERATING 600 TRANSFERS TO OTHER FUNDS 951 CONTRI/TRANSFER TO DEBT SERVIC 952 CONTRIBUTION TO CAP PROJECTS - - - 996 BUDGET RESERVE 479,924 - 479,924 479,924 700 PRIOR YEAR'S APPROPRIATION 905 INTERGOVERNMENTAL CHARGES 1,430,000 1.430,000 100.0% - 1,430,000 - TOTAL EXPENDITURES 3,326,969 487,500 2,421,007 72.8% 479,924 3,388,431 -61,462 REVENUE LESS EXPENDITURES 996,506 29,082 • Community Redevelopment Agency General Operating Monthly Financial - Budget vs. Actual Revenue/Expenditures - Project • As of September 27, 2003 FY 2003 FY 2003 FY 2003 REVISED AS 27th % of Projection Year End BUDGET Enc OF September Budget SEPT. Projection Variance GENERAL OPERATING Revenues 06 MISCELLANEOUS REVENUE 601 INTEREST INCLUDING PROFIT ON 1 094 INTEREST ON INVESTMENT 8,500 8,500 749 GAIN/LOSS INVESTMENTS (1,200) (458) 38.2% (458) (742) 607 RENT AND ROYALTIES 070 RENTAL PROPERTIES - - - 08 NON -REVENUES 801 -INTERFUND TRANSFER 140 TRANSFER FROM COMMUNITY DEVELO (102,847) (102,847) 102,847 736 CONTR. FRM. OFFSTR. PARKING - - - - - 905 MAJOR DESC. NOT FOUND 193 CONTRIBUTION FROM GN.FD. 659,388 256,198 38.9% 403,190 659,388 09 INTERNAL SERVICE FUNDS 905 CONTRIBUTION FROM OTHER FUNDS 325,000 - - 356 CONTRIBUTION FROM TRUST AND AG 1,023,096 1,023,096 1,023,096 - TOTAL REVENUES 2,014,784 162,893 7.6% 1,426,286 1,679,179 110,605 Expenditures 10 PERSONNEL SERVICES 100 SALARIES & WAGES -FIXED 001 SALARIES - CLASS. PERM. FT 126,726 51,794 40.9% 51,794 74,932 006 EARNED TIME PAYOFF - - - - 010 SALARIES -UNCLASSIFIED 643,566 20,749 588,001 91.4% 608,750 34,816 200 FRINGE BENEFITS -FIXED 080 EXPENSE ALLOWANCE 42,000 - 8,308 19.8% 8,308 33,692 083 CAR ALLOWANCE 21,600 2,700 16,200 75.0% 18,900 2,700 100 SOCIAL SECURITY CONTRIB 64,268 - 48,169 75.0% 48,169 16.099 110 RETIREMENT CONTRIB. 5,000 - 2,492 2,492 2,508 130 GROUP INSURANCE CONTRIB. 45,000 5,400 21,445 47.7% 26,845 18,155 150 WORKER'S COMPENSATION 8,613 - 3,613 41.9% 3,613 5,000 160 UNEMPLOYMENT COMPENSATION, 8,211 4,355 53.0% 4,355 3,856 170 SEVERANCE PAY 14,150 8,158 57.7% 8,158 5,992 180 TUITION REIMBURSEMENT 4,000 351 8.8% 351 3,649 30 OPERATING EXPENSES 300 OPERATING EXPENSES -FIXED 280 PROFESSIONAL SERVICES - ACCT'G 165,000 30,000 76,525 46.4% 106,525 58,475 287 ADVERTISING 107,100 - 20,360 19.0% _ . 20,360 86,740 410 TRAVEL AND PER DIEM - TRAINING - - - 420 TRAVEL AND PER DIEM - OTHER 14,000 7,532 53.8% 7,532 6,468 470 ENTERTAINMENT 1,500 1,310 87.3% 1,310 190 495 PARKING EXPENSE 35,000 23,875 68.2% 23,875 11,125 533 POSTAGE 1,000 353 35.3% 353 647 560 UTILITY SERVICES - WATER - - - 610 RENT OF EQUIPMENT - OUTSIDE 35,000 27,330 78.1% 27,330 7,670 620 RENT BUILDINGS 99,150 99,148 100.0% 99,148 2 635 RENT OTHERS - - - 710 FOOD 8,000 5,660 70.8% 5,660 2,340 715 MOTOR FUEL 1,000 114 11.4% 114 886 400 OPERATING EXPENSES -VARIABLE 230 PROFESSIONAL SERVICES - ARCHIT - - - - 250 PROFESSIONAL SERVICES - LEGAL - (50) (50) 50 270 PROFESSIONAL SERVICES - OTHER 266,400 50,000 166,713 62.6% 216,713 49,687 289 SPECIAL SERVICES - MISCELLANEO 49,000 34,526 70.5% 34,526 14,474 330 TAXES - - - - - ICUSD Community Redevelopment Agency General Operating Monthly Financial - Budget vs. Actual Revenue/Expenditures - Project As of September 27, 2003 FY 2003 FY 2003 FY 2003 REVISED AS 27th % of Projection Year End BUDGET Enc OF September Budget SEPT. Projection Variance 340 OTHER CONTRACTUAL SERVICES - O 60,000 10,000 141,809 236.3% 151,809 (91,809) 510 COMMUNICATIONS SERV. TELEPH. O 20,000 • - 15,342 76.7% 15,342 4,658 534 DELIVERY SERVICES 7,000 795 11.4% 795 6,205 650 INSURANCE - LIABILITY 25,000 7,165 28.7% 7,165 17,835 670 REPAIR/MAINTENANCE - OUTSIDE 5,400 4,720 .. 87.4% 4,720 680 680 PRINTING/BINDING - OUTSIDE 38,600 4,187 10.8% 4,187 34,413 690 PROMOTIONAL ACTIVITIES - (21,829) (21,829) 21,829 700 OFFICE SUPPLIES 8,500 5,633 66.3% 5,633 2,867 722 MISCELLANEOUS SUPPLIES 5.000 108 2.2% 108 4,892 760 BOOKS PUBLICATIONS MEMBERSHIPS 10,000 4,051 40.5% 4,051 5,949 60 CAPITAL OUTLAY 500 CAPITAL OUTLAY -VARIABLE 810 LAND - - - - 840 EQUIPMENT - NEW 20,000 12,200 150 12,350 7,650 841 OFFICE FURNITURE - NEW - - - - - 843 EQUIPMENT LEASE -PURCHASED 860 CONSTRUCTION IN PROGRESS 880 CAPITAL LEASES 80 GRANTS AND AIDS 600 GRANTS IN AID 940 OTHER GRANTS AND AIDS (2,830) (2,830) 2,830 946 REHABILITATION GRANT AWARDS - 90 NON -OPERATING 600 TRANSFERS TO OTHER FUNDS 950 CONTRIBUTION TO GRAL FUND 956 CONTRIBUTION TO SPECIAL REVENU 700 PRIOR YEAR'S APPROPRIATION 901 PERSONAL SERVICES = 903 MATERIALS AND SUPPLIES 50,000 38,752 77.5% 38.752 11,248 996 BUDGET RESERVE - - - - TOTAL EXPENDITURES 2,014,784 131,049 1,414,336 70.2% 0 1,646,384 469,400 REVENUE LESS EXPENDITURES (1,261,442) 33,796 • �w