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HomeMy WebLinkAboutOMNI-CRA-M-03-0064ITEM 3 OFFICIAL REPORT Harvey, Branker & Associates, P.A., CPA Consulting Firm CPA Financial Summary through Month End October 31, 2003 UlVINJ I / CRA SEOPW/CRA o3-- 64 Q3- s The City of Miami, Florida Community Redevelopment Agency Monthly Financial Consolidated Revenue/Expenditures - Project As of October 31, 2003 SOUTHEAST OVERTOWN PARK WEST OMNI GENERAL OPERATING CRA TOTALS FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 FY 2004 REVISED AS OF %of Year End REVISED AS OF %of Year End REVISED AS OF %of Year End REVISED AS OF %of Year End BUDGET OCT 31 Budget Projection Variance BUDGET OCT 31 Budget Projection Variance BUDGET OCT 31 Budget Projection Variance BUDGET OCT 31 Budget Projection SUMMARY REVENUES TAX INCREMENT REVENUES 1,730,332 - 00% - (1,730,332) 2,195,715 - 00% - (2,195,715) - - - - 3,926,047 - 0% - CONTRIBUTION GOVTS-COUNTY 1,008,564 - 00% - (1,008,564) 1,774,495 - 0.0% - (1,774,495) - - - - 2,783,059 - 0% OTHER REVENUES 4,413,404 - 00% - (4,413,404) 713,064 - 0.0% - (713,064) 1,689,097 859 0A% 859 1,688,238 6,815,565 859 0% 859 TOTAL REVENUES 7,152,300 0.0% - (7,152,300) 4,683,274 - 0.0% - (4,683,274) 1,689,097 859 0.1% 859 1,688,238 13,524,671 859 0% 859 EXPENDITURES PERSONNEL SERVICES - - - - - - - - 1,084,959 12,552 12% 12,552 1,072,407 1,084,959 12,552 1% 12,552 OPERATING EXPENSES 2,068,402 52,140 25% 524,028 1,544,374 1,698,002 41,000 2.4% 787,000 911,002 544,138 32,174 59% 32,174 511,964 4.310,542 125,314 3% 1,343,202 CAPITAL PROJECTS 3,482,500 - 0096 1,158,000 2,324,500 53,000 3,000 57% 3,000 50,000 10,000 - - 10,000 3,545,500 3,000 0% 1,161,000 GRANTS AND AIDS 875,000 999 01% 999 874,001 547,500 - 00% - 547,500 - - - - 1,422,500 999 0% 999 NON OPERATING 30.332 - - 30,332 2,384,772 - 00% - 2,384772 50,000 27 01% 27 49,973 2,465,104 27 0°/ 27 TOTAL EXPENDITURES 6,456,234 53,139 0.8% 1,683,027 4,773,207 4,683,274 44,000 0.9% 790,000 3,893,274 1,689,097 44,753 2.6% 44,753 1,644,344 12,828,606 141,892 1% 2,517,780 REVENUE LESS EXPENDITURES (53,139) (1,883,027 (44,000) (790,000) (43,894) (43,894) (141,033) (2,516,921) File: OCT. 31 2003 monthly financials.xls 11/24/2003 Community Redevelopment Agency South East Ovenown Park Monthly Financial - Budget vs. Actual Revenue/Expenditures - Project As of October 31, 2003 SEOPW - Ord 10039 Revenues 01 TAXES 100 CURRENT AD VALOREM TAXES 001 TAXES REAL CURRENT 03 INTERGOVERNMENTAL REVENUE 377 ECONOMIC ENVIRONMENT 310 CONTR FROM OTHER GOVTS-COUNTY 383 OTHER PAYMENTS FROM LOCAL UNIT 235 OFF-STREET PARKING 04 CHARGES FOR SERVICES 438 HOUSING 264 PROPERTY SALE 06 MISCELLANEOUS REVENUE 601 INTEREST INCLUDING PROFIT ON 1 094 INTEREST ON INVESTMENT 749 GAIN/LOSS INVESTMENTS 607 RENT AND ROYALTIES 070 RENTAL PROPERTIES 08 NON -REVENUES 801 INTERFUND TRANSFER 140 TRANSFER FROM COMMUNITY DEVELO 244 CARRYOVER FUND BALANCE 807 OTHER NON -REVENUES 990 OTHER NON -OPERATING FY 2004 FY 2004 FY 2004 REVISED AS OF % of Year End BUDGET Enc OCT 31 Budget Projection Variance 1,730,332 0.0% (1,730.332) 1,008,564 0.0% (1,008,564) 30,000 0.0% (30,000) 80,000 0.0% (80,000) 3,404 0.0% (3,404) 4,300,000 0.0% (4,300,000) TOTAL REVENUES 7,152,300 0.0% (7,152,300) 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 60,000 60,000 602 INTEREST EXPENSE 67,000 67,000 400 OPERATING EXPENSES -VARIABLE 220 PROFESSIONAL SERVICES - APPRAI 100,000 0.0% 100,000 250 PROFESSIONAL SERVICES -LEGAL 150,002 0.0% - 150,002 270 PROFESSIONAL SERVICES -OTHER 1,520,000 471,888 40,745 2.7% 512,633 1,007,367 340 OTHER CONTRACTUAL SERVICES -O 171,000 - 11,395 6.7% 11,395 159,605 760 BOOKS PUBLICATIONS MEMBERSHIPS 400 - - 400 60 CAPITAL OUTLAY 500 CAPITAL OUTLAY -VARIABLE 810 LAND 1,000,000 - 0.0% - 1,000,000 860 CONSTRUCTION IN PROGRESS 2,482,500 1,158,000 0.0% 1,158,000 1,324,500 80 GRANTS AND AIDS 600 GRANTS IN AID 940 OTHER GRANTS AND AIDS 875,000 - 999 0.1 % 999 874,001 90 NON -OPERATING 600 TRANSFERS TO OTHER FUNDS 951 CONTRUTRANSFER TO DEBT SERVIC 350,000 - 350,000 956 CONTRIBUTION TO SPECIAL REVENU - 950 CONTRIBUTION TO GRAL FUND 346,066 960 CONTRIBUTION TO TRUST & AGENCY - 996 BUDGET RESERVE 30,332 - - - 30,332 TOTAL EXPENDITURES 7,152,300 1,629,888 53,139 0.7% 1,683,027 5,123,207 REVENUE LESS EXPENDITURES (53,139) (1,683,027) SE0wFnW/CRA OMM/CRA Community Redevelopment Agency Omni Tax Increment Fund Interlocal Monthly Financial - Budget vs. Actual Revenue/Expenditures - Project As of October 31, 2003 FY 2004 FY 2004 FY 2004 REVISED AS OF % of Year End BUDGET Enc OCT 31 Budget Projection Variance OMNI TAX INCREMENT FUND Revenues 01 TAXES 100 CURRENT AD VALOREM TAXES 001 TAXES REAL CURRENT 2,195,715 0.0% (2,195,715) 03 INTERGOVERNMENTAL REVENUE 377 ECONOMIC ENVIRONMENT 310 CONTR FROM OTHER GOVTS-COUNTY 1,774,495 0.0% (1,774,495) 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 48,000 0.0% (48,000) 264 PROPERTY SALE 652,224 (652,224) 749 GAIN/LOSS INVESTMENTS 12,840 (12,840) TOTAL REVENUES 4,683,274 0.0% (4,683,274) 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 109,000 109,000 287 ADVERTISING 10,000 10,000 470 ENTERTAINMENT 400 OPERATING EXPENSES -VARIABLE 230 PROFESSIONAL SERVICES - ARCHIT _ 250 PROFESSIONAL SERVICES - LEGAL 150,002 - 150,002 270 PROFESSIONAL SERVICES - OTHER 1,393,500 746,000 6,000 0.4% 752,000 641,500 340 OTHER CONTRACTUAL SERVICES - O - - - - _ 680 PRINTING/BINDING - OUTSIDE - - #DIV/0! 690 PROMOTIONAL ACTIVITIES 35,000 35,000 100.0 % 35,000 - 760 BOOKS PUBLICATIONS MEMBERSHIPS 500 - 0.0% - 500 60 CAPITAL OUTLAY 500 CAPITAL OUTLAY -VARIABLE 860 CONSTRUCTION IN PROGRESS 53,000 3,000 5.7% 3,000 50,000 80 GRANTS AND AIDS 600 GRANTS IN AID 940 OTHER GRANTS AND AIDS 547,500 0.0% - 547,500 90 NON -OPERATING 600 TRANSFERS TO OTHER FUNDS 951 CONTRUTRANSFER TO DEBT SERVIC - _ 952 CONTRIBUTION TO CAP PROJECTS 439,143 439,143 996 BUDGET RESERVE 515,629 - 515,629 700 PRIOR YEAR'S APPROPRIATION 905 INTERGOVERNMENTAL CHARGES 1,430,000 0.0% - 1,430,000 TOTAL EXPENDITURES 4,683,274 746,000 44,000 0.9% 7909000 3,893,274 REVENUE LESS EXPENDITURES (790,000) (44,000) ONM/f'RA SEO /CRA Community Redevelopment Agency General Operating Monthly Financial - Budget vs. Actual Revenue/Expenditures - Project As of October 31, 2003 FY 2004 FY 2004 FY 2004 REVISED AS OF % of Year End BUDGET Enc OCT 31 Budget Projection Variance GENERAL OPERATING Revenues 06 MISCELLANEOUS REVENUE 601 INTEREST INCLUDING PROFIT ON 1 094 INTEREST ON INVESTMENT 8,500 - - 8,500 139 REIMB. PR. YR. EXPEND. 859 859 749 GAIN/LOSS INVESTMENTS #DIV/0! - - 607 RENT AND ROYALTIES 070 RENTAL PROPERTIES - - 08 NON -REVENUES 801 INTERFUND TRANSFER 140 TRANSFER FROM COMMUNITY DEVELO 236,000 236,000 736 CONTR. FRM. OFFSTR. PARKING - - 905 MAJOR DESC. NOT FOUND - 193 CONTRIBUTION FROM GN.FD. 659,388 0.0% 659,388 09 INTERNAL SERVICE FUNDS 905 CONTRIBUTION FROM OTHER FUNDS 356 CONTRIBUTION FROM TRUST AND AG 785,209 - - 785,209 TOTAL REVENUES 1,689,097 859 0.1% 859 1,689,097 Expenditures 10 PERSONNEL SERVICES 100 SALARIES & WAGES -FIXED 001 SALARIES -CLASS. PERM. FT 133,062 1,644 1.2% 1,644 131,418 006 EARNED TIME PAYOFF - - - 010 SALARIES -UNCLASSIFIED 707,922 9,597 1.4 % 9,597 698,325 013 SALARIES - TEMPORARY 50,000 200 FRINGE BENEFITS -FIXED 080 EXPENSE ALLOWANCE 20,000 0.0% - 20,000 083 CAR ALLOWANCE 10,800 462 4.3% 462 10,338 100 SOCIAL SECURITY CONTRIB 65,000 755 1.2 % 755 64,245 110 RETIREMENT CONTRIB. 40,000 - 40,000 130 GROUP INSURANCE CONTRIB. 40,000 94 0.2 % 94 39,906 150 WORKER'S COMPENSATION 3,700 0.0% 3,700 160 UNEMPLOYMENT COMPENSATION 6,300 0.0% 6,300 170 SEVERANCE PAY 4,175 0.0% 4,175 180 TUITION REIMBURSEMENT 4,000 0.0% 4,000 30 OPERATING EXPENSES 300 OPERATING EXPENSES -FIXED 280 PROFESSIONAL SERVICES - ACCT'G #DIV/0! 287 ADVERTISING 25,000 520 2.1% 520 24,480 410 TRAVEL AND PER DIEM - TRAINING 50,000 - - 50,000 420 TRAVEL AND PER DIEM - OTHER 14,000 0.0% 14,000 470 ENTERTAINMENT 1,600 0.0% 1,600 495 PARKING EXPENSE 20,000 0.0% 20,000 533 POSTAGE 500 0.0% 500 560 UTILITY SERVICES - WATER 5,000 - 5,000 610 RENT OF EQUIPMENT - OUTSIDE 35,000 3,317 9.5% 3,317 31,683 620 RENT BUILDINGS 166,000 27,335 16.5 % 27,335 138,665 635 RENT OTHERS - - - - 710 FOOD 5,000 159 3.2% 159 4,841 715 MOTOR FUEL 400 0.0% 400 400 OPERATING EXPENSES -VARIABLE 230 PROFESSIONAL SERVICES - ARCHIT - - - 250 PROFESSIONAL SERVICES - LEGAL SEOPW/CIZA rrnrc .r 03 ,� 96 .A . r Community Redevelopment Agency General Operating Monthly Financial - Budget vs. Actual Revenue/Expenditures - Project As of October 31, 2003 FY 2004 FY 2004 FY 2004 REVISED AS OF % of Year End BUDGET Enc OCT 31 Budget Projection Variance 270 PROFESSIONAL SERVICES - OTHER 27,138 69 0.3% 69 27,069 289 SPECIAL SERVICES - MISCELLANEO 49,000 650 1.3% 650 48,350 330 TAXES - - - - 340 OTHER CONTRACTUAL SERVICES - O 40,000 80 0.2% 80 39,920 510 COMMUNICATIONS SERV. TELEPH. O 41,000 89 0.2% 89 40,911 534 DELIVERY SERVICES 2,000 0.0% 2,000 650 INSURANCE - LIABILITY 25,000 0.0% - 25,000 670 REPAIR/MAINTENANCE - OUTSIDE 10,000 (102) -1.0 % (102) 10,102 680 PRINTING/BINDING - OUTSIDE 6,000 0.0% - 6,000 690 PROMOTIONAL ACTIVITIES - - 700 OFFICE SUPPLIES 8,500 0.0% 8,500 722 MISCELLANEOUS SUPPLIES 1,000 0.0% 1,000 760 BOOKS PUBLICATIONS MEMBERSHIPS 12,000 57 0.5% 57 11,943 60 CAPITAL OUTLAY 500 CAPITAL OUTLAY -VARIABLE 810 LAND - - 840 EQUIPMENT - NEW 10,000 10,000 841 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 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 27 0.1 % 27 49,973 TOTAL EXPENDITURES 1,689,097 0 44,753 2.6 % 0 44,753 1,594,344 REVENUE LESS EXPENDITURES (43,894) (43,894) ONI IACg,A SEOPW/CRA 03- 64 03- W