HomeMy WebLinkAboutCRA-R-17-0045 Exhibit A-SUBFY 2018
FY2017
BUDGET
SEOPW GENERAL OPERATING TAX INCREMENT FUND BUDGET
PROPOSED
AMENDED
VARIANCE
BUDGET
BUDGET
REVENUES
CITY OF MIAMI -TAX INCREMENT (ORIGINAL BOUNDARIES)
$10,377,451
$10,525,607
($148,156)
MIAMIDADECOUNTY - TAX INCREMENT (ORIGINAL BOUNDARIES)
$6,515,446
$6,424,109
$91,337
CITY OF MIAMI -TAX INCREMENT (EXPANDED BOUNDARIES)
$643,508
$483,646
$159,862
MIAMIDADECOUNTY - TAX INCREMENT (EXPANDED BOUNDARIES)
$404,683
$295,185
$109,498
CITY OFMIAMI- TAXINCREMENT(PARKWESTADDITION)
$414,240
$363,837
$50,403
MIAMIDADECOUNTY- TAXINCREMENT(PARKWESTADDITION)
$261,143
$222,061
$39,082
CONTRIBUTION FROM THE CHILDREN TRUST FUND
$758,074
$753,293
$4,781
GRANT FROM EDA (FEDERAL GOVERNMENT)
$90,000
($90,000)
2017 UNAUDITED FUND BALANCE - 7/13/17
$26,915,529
$29,550,417
($2,634,888)
TOTAL REVENUE
$46,290,074
$48,708,155
($2,418,081)
REDEVELOPMENT EXPENDITURES
PROFESSIONAL SERVICES - LEGAL
$512,133
$245,561
$266,572
ACCOUNTING AND AUDIT
$31,000
$200
$30,800
PROFESSIONAL SERVICES - OTHER
$2,161,804
$2,786,731
-$624,927
OTHER CONTRACTUAL SERVICES
$568,519
$385,130
$183,389
LAND
$291,795
$1,316,794
-$1,024,999
INTERFUND TRANSFER (Grant)
$11,075,084
$8,787,323
$2,287,761
DEBT SERVICE PAYMENT
$4,521,875
$4,519,125
$2,750
CONSTRUCTION IN PROGRESS
$296,611
$327,630
-$31,019
OTHER GRANTS AND AIDS
$22,978,579
$26,889,825
-$3,911,246
TOTAL REDEVELOPMENT EXPENDITURES
$42,437,400
$45,258,319
($2,820,919)
REGULAR SALARIES
$1,158,306
$1,083,306
$75,000
FICA TAXES
$88,610
$82,873
$5,738
LIFE AND HEALTH INSURANCE
$173,014
$173,014
$0
RETIREMENT CONTRIBUTION
$107,329
$102,079
$5,250
FRINGE BENEFITS
$18,300
$18,300
$0
OTHER CONTRACTUAL SERVICE
$92,566
$92,566
$0
TRAVEL AND PER DIEM
$30,000
$30,000
$0
UTILITY SERVICE
$64,401
$64,401
$0
INSURANCE
$139,555
$139,555
$0
OTHER CURRENT CHARGE
$59,000
$59,000
$0
SUPPLIES
$12,000
$12,000
$0
OPERATING SUPPLIES
$12,000
$12,000
$0
SUBSCRIPTION MEMBERSHIP/TRAINING
$15,000
$15,000
$0
MACHINERY AND EQUIPMENT
$3,000
$3,000
$0
ADVERTISING
$35,000
$35,000
$0
RENTAL AND LEASES
$67,000
$67,000
$0
POSTAGE
$2,000
$2,000
$0
REPAIR/MAINTENANCE - OUTSIDE
$2,000
$2,000
$0
INTERFUND TRANSFER
$30,000
$30,000
$0
BUDGETRESERVE- ADMINISTRATION
$240,000
$240,000
$0
TOTAL ADMINISTRATIVE EXPENDITURES
$2,349,081
$2,263,094
$85,988
Revenue Shortfall Reserve
a) FY 2013 Carryover Fund Balance (Surplus)
$314,134
$314,134
-
b) FY 2014 Carryover Fund Balance (Surplus)
$512,015
$512,015
c) FY 2015 Carryover Fund Balance (Surplus)
$360,593
$360,593
-
d) FY 2016 Carryover Fund Balance (Surplus)
$316,851
$0
316,851
TOTAL REVENUE SHORTFALL RESERVE
$1,503,593
$1,186,742
$316,851
TOTAL FUND BALANCE
$46,290,074
$48,708,155
($2,418,081)
$0.00
2018 TIF Revenue $18,616,471
2018 Administrative Expenditures $2,349,081
%Administrative Exp / 2018 TIF Revenue 13%
2018 Budget Reserve $1,503,593
Total 2018 Budget $46,290,074
%2018 Budget Reserve / Total 2018 Budget 3%
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Description
Category
Reso#
Encumbrance
Amount
Remaining
Carry Over
2018
Professional Services -Legal
Amount
Expended
Balance
TIF Revenue
1
2015 Holland & Knight, LLC
Legal Services
15-0006
$200,000
$190,417
$9,583
$9,583
$0
a. to provide specialized
legal services to the CRA.
(Additional Funding derived
from a reimbursement of
the bond proceeds)
2
2016 Holland & Knight, LLC
Legal Services
16-0019
$200,000
$197,451
$2,549
$2,549
$0
a. to provide specialized
legal services to the CRA.
3
2017 Holland & Knight, LLC
Legal Services
NR
$200,000
$0
$200,000
$200,000
$0
a. to provide specialized
legal services to the CRA.
4
Holland & Knight, LLC
Legal Services
NR
$300,000
$0
$300,000
$0
$300,000
12018
a. to provide specialized
legal services to the CRA.
Accountin and Audit
5
2016 External Audit - Sanson
External Audit
13-0045
$31,000
$0
$31,000
$0
$31,000
Kline Jacomino & Company,
LLP
Professional Services - Other
6
Professional planning
Consultant
NR
$275,000
$0
$275,000
$275,000
$0
services in connection with
the preparation of the
"Overtown Special Area Plan
for Overtown Folk Life
village"
7
Update of DRI and Feasibility
Consultant
17-0011
$335,000
$95,000
$240,000
$240,000
$0
Study of Extending Life of
the SEOPW CRA/E.L. Waters
and Co.
8
Amended Redevelopment
Infrastructure
NR
$500,000
$0
$500,000
$500,000
$0
Plan/Feasibility Plan
(Planning)
9
Reimbursement to the CRA
Infrastructure
12-0006
$165,691
$0
$165,691
$165,691
$0
for expenses incurred in
(Planning)
obtaining and updating
SEOPW regional impact
development order in an
amount of $165,691.
Available funds for update of
DRI and Fesibility Study.
10
Available for Marketing
Public
14-0070
$30,000
$29,457
$543
$543
$0
Services -$115K out of
Relations
$200,000
$200K
Company
11
Radio Advertisements - AM
Advertising
16-0001
$16,000
$11,850
$4,150
$4,150
$0
1490 WMBM
12
2016 Available for Marketing
Miscus ellaneo
2017 Budget
$84,000
$80,122
$3,878
$3,878
$0
Services
Marketing
Expenses
13
Exclusive Management &
Job Creation /
13-0019
$200,000
$178,299
$21,701
$21,701
$0
Leasing Agreement with
Economic
16-0003
WLS, L.C.., Florida Limited
Develop.
Company D/B/A NAI Miami
Commercial Real Estate
Services.
14
Available funds for 2016
Administration
NR
$200,000
$0
$200,000
$200,000
$0
Property Management
Service
- Community Center
/
Contingency for Capital
Repairs (Shopping Center
and
Community Center)
$512,133
$31,000
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Description
Category
Reso#
Encumbrance
Amount
Remaining
Carry Over
2018
Amount
Ex ended
Balance
TIF Revenue
Professional Services - Le al
15
Leo A. Daly Company to
Consultant
15-0052
$400,000
$303,640
$96,360
$96,360
$0
perform architectural
services
16
Design 2 Form - 224 NW
Consultant
15-0051
$120,000
$54,435
$65,565
$65,565
$0
16th St and 1900 NW 2nd
Court
17
Financial Assessment
Consultant
16-0026
$6,000
$0
$6,000
$6,000
$0
Convention Center
18
Professional Services
Consultant
17-0027
$84,925
$0
$84,925
$84,925
$0
agreement with United
Architects, Inc. in an amount
not to exceed $84,925.40 to
provide architectural and
engineering plans the
remodeling and addition of
rooftop terrace at 925 NW
2nd Court.
19
Governmental
Consultant
17-0039
$32,500
$0
$32,500
$32,500
$0
representation lobbying
services - Colodny Fass
20
Available for Other
Administration
NR
$465,490
$0
$465,490
$465,490
$0
Professional Services - FY
2017 Budget - $571,367
Other Contractual Services
21
Available TIF Funds for
Quality of Life
NR
$25,000
$17,545
$7,455
$7,455
$0
Horsepower Electric, Inc. for
Streetlight Maintenance
(Outside Scope of Work -
Expenditures under $4,500).
22
Street Light Maintenance
Quality of Life
17-0002
$14,221
$6,019
$8,208
$8,208
$0
Agreement - Horsepower
Electric
23
Renewal Option with
Quality of Life
13-0029
$42,000
$41,700
$300
$300
$0
Howard & Howard for
Landscaping and Irrigation
Services.
24
Weed A Away - Landscaping
Quality of Life
16-0045
$50,000
$40,821
$9,179
$9,179
$0
Service
25
Funds to be expended for
Infrastructure
13-0005
$50,000
$14,113
$35,887
$35,887
$0
the demolition of unsafe
structures throughout the
Redevelopment Area.
26
For the installation of the
Administration
14.0002
$51,200
$51,143
$57
$57
$0
CRA's telephone system and
15-0002
other moving expenses in
connection with the CRA's
relocation at the Lyric
Theater.
27
St John - Monitoring
Affordable
Pursuant to St
$75,000
$45,000
$30,000
$30,000
$0
Compliance
Workforce
John
Housing
Development
(Capital
Agreement
Projects)
28
Available for Other
Contractual
NR
$477,432
$0
$477,432
$477,432
$0
Contractual Services
Services
(Contingency)
Subtotal
$4,630,466
$1,357,011
$3,173,455
$2,942,455
$331,000
Total Budget Amount (Professional Services - Legal, Accounting and Audit, Professional Services - Other and Other Contractual
Services)
NR - No CRA Resolution $2,433,585
R -CRA Resolution Passed $839,870
$3,273,455
$2,161,804
$568,519
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Description
Category
Reso #
Encumbrance
Amount
Remaining
Carry Over
2018
Amount
Expended
Balance
TIF Revenue
Interfund Transfer Debt Service
1
Grant to the City of Miami
Parks and
12-0045
$833,357
$0
$833,357
$0
$833,357
for the construction of the
Open Spaces
Gibson Park Project -First
Amendment to Grant
Agreement (Amortization
Schedule) -Fourth Payment.
2
FY 2017 Global Agreement
Global
2007 Global
$6,100,000
$5,207,467
$892,533
$892,533
$0
Payment (45%)
Agreement
I
Agreement
3
FY 2018 Global Agreement
Global
2007 Global
$5,200,000
$0
$5,200,000
$0
$5,200,000
Payment (45%)
Agreement
Agreement
4
Estimate Contribution to
Infrastructure
te
Inrlocal
$2,000,000
$0
$2,000,000
$0
$2,000,000
the City of Miami relating to
Agreement
the TRI Rail Project
5
Available funds for the
Quality of Life
15-0011
$700,000
$509,867
$190,133
$190,133
$0
creation of the Overtown
Police Unit.
6
2015-2016 Policing Services
Quality of Life
15-0057
$900,000
$737,637
$162,363
$162,363
$0
- City of Miami
7
2016-2017 Policing Services
Quality of Life
17-0004
$750,000
$461,376
$288,624
$288,624
$0
- City of Miami
8
2017-2018 Policing Services
Quality of Life
NR
$750,000
$0
$750,000
$0
$750,000
- City of Miami
9
2018 Contribution to the
Quality of Life
Interlocal
$758,074
$0
$758,074
$0
$758,074
Children Trust
Agreement
Debt Service Payment
10
Available TIF Revenue for
Affordable
14-0051
$4,521,875
$0
$4,521,875
$0
$4,521,875
the Third Loan Payment -
Workforce
Debt Service Reserve
Housing
Purchase of Land
11
Purchase of property and
Affordable
12-0012
$235,000
$223,556
$11,444
$11,444
$0
land located at 921 NW 2nd
Workforce
Court and 925 NW 2nd
Housing
Court.
12
Available for purchase of
Affordable
NR
$280,351
$0
$280,351
$280,351
$0
land
Workforce
Housing
Subtotal
$23,028,657
$7,139,902
$15,888,755
$1,825,449
$14,063,306
Total Budget Amount (Interfund Transfer (Debt Service), Debt Service, Purchase of Land and Interfund
Transfer (Grant)
NR - No CRA Resolution $7,880,958
R - CRA Resolution Passed $8,007,797
$15,888,755
$11,075,084
$4,521,875
$291,795
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Description
Category
Reso #
Encumbrance
Amount
Remaining
Carry Over
2018
Amount
Expended
Balance
TIF Revenue
Construction in Progress
1
Funds to be expended for
Infrastructure
14-0064
$2,000,000
$1,984,165
$15,835
$15,835
$0
the kitchen build -out of the
property located at 300 NW
11th Street, Miami, Florida.
2
Folk Life Club / Gallery
Job Creation /
14-0 446
$930,000
$956,939
-$26,939
$26,939
$0
(Pool Hall) located at 920
Economic
17-0009
NW 2nd Ave
Development
3
Renovation and
Job Creation /
13-0038
$1,550,000
$1,546,618
$3,382
$3,382
$0
rehabilitation of the
Economic
13.0042
Overtown Shopping Center,
Development
14-0065
1490 NW 3rd Avenue,
Miami, Florida. Additional
funding allocated in the
amount of $200K.
4
Repairs to the Black Police
nfrastructure
15-0050
$120,000
$116,564
$3,436
$3,436
$0
Precinct
/additional
funds
$55,000.
16-0032
5
Securing, prepping,
Infrastructure
14-0036
$30,000
$29,848
$152
$152
$0
demolation and painting of
building located at 925 NW
2nd Ave.
6
Securing, prepping,
Infrastructure
16-0044
$50,000
$9,255
$40,745
$40,745
$0
demolation and painting of
building located at 925 NW
2nd Ave.
7
Parking upgrades at the
Infrastructure
16.0033
$260,000
$0
$260,000
$260,000
$0
parking lots owned by the
CRA
Subtotal
$4,940,000
$4,643,389
$296,6111
$296,611
$0
Total Budget Amount Construction in Progress
NR - No CRA Resolution
R - CRA Resolution Passed $296,611
$296,611
$296,611
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Description
Category
Reso#
Encumbrance
Amount
Remaining
Carry Over
2018
Amount
Expended
Balance
TIF Revenue
Other Grants and Aids
1
Grant to MTZ Carver LLC to
Job Creation /
11-0034
$670,000
$663,108
$6,892
$6,892
$0
underwrite costs associated
Economic
with the rehabilitation of
Development
the vacant commercial
(Capital
structure at 801 NW 3rd
Project)
Avenue.
2
MT Zion Carver Repair and
Quality of Life
15-0041
$280,000
$83,033
$196,967
$196,967
$0
Renovation
(Programming)
3
St. Peters American
Quality of Life
NR
$226,537
$0
$226,537
$226,537
$0
Catholic Church - 40 Year
(Programming)
Recertification and
Improvements
4
Grant for the rehabilitation
Job Creation /
14-0030
$850,000
$667,540
$182,460
$182,460
$0
of the Dunn Hotel.
Economic
Development
(Capital
Project)
5
Add Funds Grant for the
Job Creation /
NR
$380,000
$0
$380,000
$380,000
$0
rehabilitation of the Dunn
Economic
Hotel.
Development
(Capital
Project)
6
Additional funding to
Affordable
13-0063
$450,000
$427,387
$22,613
$22,613
$0
People Helping People Self
Workforce
14-0045
Reliance, Inc. for the
Housing
17-0012
rehabilitation of property at
(Capital
210 NW 16th Street, Miami,
Projects)
Florida. 6 units
7
Housing rehabilitation
Affordable
12-0056
$13,265,175
$9,033,223
$4,231,952
$4,231,952
$0
agreements for the
Workforce
13-0068
associations of Town Park
Housing
14-0052
Village, Town Park South,
(Capital
an Town Park North /
Projects)
Available Funding for Other
Residential Developments.
Total Project Funding
$15Millions
7-1
Relocation of Town Park
Affordable
14-0052
$1,768,158
$1,179,476
$588,682
$588,682
$0
Project North/Project
Workforce
Reserve
Housing
(Capital
Projects
8
Bridge Financing - Grant
Affordable
Funds related
$75,000
$0
$75,000
$75,000
$0
Amount - Town Park North
Workforce
to the Town
Rehab Project
Housing
Park North
(Capital
Project
Projects
15-0004
9
Playground at Town Park
Affordable
16-0002
$67,500
$0
$67,500
$67,500
$0
North - To be reimbursed
Workforce
by Health Foundation of
Housing
South Florida, Inc. (Award
(Capital
Amount $75,000)(To date
Projects)
amount collected $67,500)
10
Town Park North -
Affordable
Assigned
$408,948
$0
$408,948
$408,948
$0
Contingency
Workforce
but not
Housing
encumbered
(Capital
pursuant to
resolution
Projects
11
Contingency for Town Park
Affordable
NR
$280,765
$26,325
$254,441
$254,441
$0
South and Town Park
Workforce
Village -Rehabilitation
Housing
Projects
(Capital
Projects
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Description
Category
Reso#
Encumbrance
Amount
Remaining
Carry Over
2018
Amount
Expended
Balance
TIF Revenue
Other Grants and Aids
12
Development Agreement
Affordable
14-0005-$3M
$3,000,000
$0
$3,000,000
$3,000,000
$0
with Overtown Gateway
Workforce
($2,264,185 were
Partners, LLC for the
Housing
allocated to 2017
development of Block 45.
(Capital
budget
administration,
Projects)
these funds will
be replenished
once 201717F
revenues are
collected in
December 2016)
13
Budget Reserve for
Affordable
14-0007 / Gran
$1,000,000
$0
$1,000,000
$1,000,000
$0
Settlement Agreement of
Workforce
Central Loan
Block 46. CRA's agreement
Housing
Indenture
to remit 50%of the tax
(Capital
increment revenues
Projects)
generated from the Project
to the Developer.
($1,500,000 in the
aggregate.)
14
Rehabilitation of an eight
Affordable
NR
$220,000
$0
$220,000
$220,000
$0
(8) unit apartment building
Workforce
located at 472 NW loth
Housing
Street.
(Capital
Projects)
15
Rehabilitation of Poinciana
Affordable
14-0007
$500,000
$460,031
$39,969
$39,969
$0
Village Residential
Workforce
Development/Settlement
Housing
Agreement of Block 46.
(Capital
CRA's commitment to
Projects)
funding predevelopment
expenses in an amount not
to exceed $500K, and the
CRA's agreement to remit
50% of the tax increment
revenues generated from
the Project to the
Developer. ($1,500,000 in
the aggregate.)
16
Construction of temporary
Infrastructure
13-0059
$120,000
$12,843
$107,157
$107,157
$0
parking at 276 NW 9th
(Capital
street, Miami, Florida to
Projects)
complement Carver
Apartments and Shoppes
development.
17
Renovation and
Job Creation /
13-0038
$200,000
$180,828
$19,172
$19,172
$0
rehabilitation of the Over
Economic
13-0042
town Shopping Center,
Development
14-0027
1490 NW 3rd Avenue,
(Capital
14-0063
Miami, Florida. Total grant
Project)
amount $500,000 (CRA-R-
13-0042). Out of this
amount $200,000 were
transferred to the
completion of the
renovation of the shopping
center/ Grant to Two Guys
Restaurant for relocation to
the new facility located at
the Over town Shopping
Center - $150,000) / Grant
to Caring Touch Barbershop
$100,000.
18
Renovation and
Job Creation /
15-0038
$400,000
$407,834
-$7,834
-$7,834
$0
rehabilitation of the Over
Economic
town Shopping Center,
Development
1490 NW 3rd Avenue,
(Capital
Miami, Florida. Loan to
Project)
VSMD 400K
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Description
Category
Reso#
Encumbrance
Amount
Remaining
Carry Over
2018
Amount
Expended
Balance
TIF Revenue
Other Grants and Aids
19
Funds to be expended with
Job Creation /
09-0039
$130,000
$61,593
$68,407
$68,407
$0
the interior build - out of
Economic
12-0038
three additional retail bays
Development
13-0058
at New Arena Square, 271
(Capital
NW loth Street, Miami,
Project)
Florida.
20
Development Mixed Use -
Job Creation /
15-0016
$48,000
$25,607
$22,393
$22,393
$0
Mt Zion Commercial Space-
Economic
($600,000)
renovations and tenants
Development
improvements-
(Capital
$150K"Groovin Bean Coffee
Project)
Bar, $4,169.73 Black Kultz,
$4,487.58 Nails
20-1
Brother Frazier's Ribs
Job Creation /
16-0021
$200,000
$49,288
$150,712
$150,712
$0
Economic
Development
(Capital
Project
20-2
Ultrina Harris - Overtown
Job Creation /
16-0020
$92,000
$50,575
$41,425
$41,425
$0
Shopping Center - Funding
Economic
Derived from CRA-R-15-
Development
0016
(Capital
Project
20-3
Groovin Bean - Funding
Job Creation /
15.0016
$150,000
$108,625
$41,375
$41,375
$0
Derived from CRA-R-15-
Economic
0016
Development
(Capital
Project
20-4
Gerald Graphics - Funding
Job Creation /
16-0007
$110,000
$107,692
$2,308
$2,308
$0
Derived from CRA-R-15-
Economic
0016
Development
(Capital
Project
21
Jackie's House Restaurant
Job Creation /
NR
$200,000
$0
$200,000
$200,000
$0
located at 1495 NW 3rd
Economic
Avenue - Funding derived
Development
from CRA-R-15-0016
(Capital
Project)
22
Grant to the City of Miami
Parks and
13-0030
$600,000
$556,153
$43,847
$43,847
$0
for additional funding
Open Spaces
relating to the design and
(Capital
construction of an indoor
Projects)
basketball gymnasium at
Gibson Park.
23
Grant to the City of Miami
Parks and
09-0012
$1,000,000
$891,346
$108,654
$108,654
$0
for the renovation of
Open Spaces
Gibson Park
(Capital
Projects
24
Installation of a Purvis
Quality of Life
14-0068
$112,000
102,065
$9,935
$9,935
$0
Young "Tribute" mural
(Programming)
Additional
alongthe Metrorail
Funds in the
guideway at NW llth
amount of
Street and NW 3rd Avenue.
$10K were
added.Funds
to be approved
on June 26,
2017 17-0040
25
2016 Grant to Human
Job Creation /
16-0008
$360,000
$357,889
$2,111
$2,111
$0
Resource Staffing of Miami,
Economic
16-0054
Inc., to manage and
Development
operate a job
(Programming)
creation/training program
that will provide
beautification and
landscape maintenance
services of various locations
.redevF!Ionmpnt
throughout the
area,
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Description
Category
Reso#
Encumbrance
Amount
Remaining
Carry Over
2018
Amount
Expended
Balance
TIF Revenue
Other Grants and Aids
26
2017 Grant to Human
Job Creation /
17-0013
$320,000
$75,341
$244,659
$244,659
$0
Resource Staffing of Miami,
Economic
Inc., to manage and
Development
operate ajob
(Programming)
creation/training program
that will provide
beautification and
landscape maintenance
services of various locations
throughout the
27
2018 Grant to Human
Job Creation /
NR
$320,000
$0
$320,000
$0
$320,000
Resource Staffing of Miami,
Economic
Inc., to manage and
Development
operate ajob
(Programming)
creation/training program
that will provide
beautification and
landscape maintenance
28
Professional services
Job Creation /
17-0010
$220,000
$21,818
$198,182
$198,182
$0
agreement with Circle of
Economic
One Marketing, Inc to
Development
perform venue operations
(Programming)
and management services
at the "OPAL".
29
Grant to Miami Dade
Job Creation/
13-0006
$300,000
$283,168
$16,832
$16,832
$0
College to underwrite costs
Economic
associated with the
Development
continued operation of the
(Programming)
Hospitality Institute Job
Training and Job Placement
Program.
30
2016 Grant to Miami Dade
Job Creation /
16-0023
$165,000
$135,456
$29,544
$29,544
$0
College to underwrite costs
Economic
associated with the
Development
continued operation ofthe
(Programming)
Culinary Institute Program
and Hospitality Institute.
31
2017 Grant to Miami Dade
Job Creation /
NR
$165,000
$0
$165,000
$165,000
$0
College to underwrite costs
Economic
associated with the
Development
continued operation of the
(Programming)
Culinary Institute Program
and Hospitality Institute.
32
Culinary Institute EDA
Job Creation /
NR
$900,000
$0
$900,000
$900,000
$0
Award ($900K)-To date
Economic
reimbursed amount is
Development
$810,000. Funds will be
(Programming)
used towards the operation
of the Culinary Institute
Program
33
2017 Grant to Hospitality
Job Creation /
17-0014
$300,000
$0
$300,000
$300,000
$0
Employees Advancement &
Economic
Training
Development
(Programming)
34
2014 Grant to New
Job Creation /
14.0027
$80,000
$77,949
$2,051
$2,051
$0
Washington Heights
Economic
Community Development
Development
Conference, Inc for the
(Programming)
monthly open-air market
that showcases various
local vendors on the 9th
Street Pedestrian Mall.
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Description
Category
Reso #
Encumbrance
Amount
Remaining
Carry Over
2018
Amount
Expended
Balance
TIF Revenue
Other Grants and Aids
35
2015 Grant to New
Job Creation /
14-0072
$110,000
$105,919
$4,081
$4,081
$0
Washington Heights
Economic
Community Development
Development
Conference, Inc for the
(Programming)
monthly open-air market
that showcases various
local vendors on the 9th
Street Pedestrian Mall.
36
2016 Grant to New
Job Creation /
15- 0056
$120,000
$128,281
-$8,281
-$8,281
$0
Washington Heights
Economic
Community Development
Development
Conference, Inc for the
(Programming)
monthly open-air market
that showcases various
local vendors on the 9th
Street Pedestrian Mall.
37
2017 Grant to New
Job Creation /
17-0003
$120,000
$37,164
$82,836
$82,836
$0
Washington Heights
Economic
Community Development
Development
Conference, Inc for the
(Programming)
monthly open-air market
that showcases various
local vendors on the 9th
Street Pedestrian Mall.
38
Grant to Suited for Success,
Job Creation /
15-0003
$50,000
$49,897
$103
$103
$0
Inc. for Training and
Economic
Professional Attire to Job
Development
Seekers.
(Programming)
39
Grant to Suited for Success,
Job Creation /
16-0022
$110,000
$98,609
$11,391
$11,391
$0
Inc. for Training and
Economic
Professional Attire to Job
Development
Seekers.
(Programming)
40
Grant to Suited for Success,
Job Creation /
17-0015
$112,000
$0
$112,000
$112,000
$0
Inc. for Training and
Economic
Professional Attire to Job
Development
Seekers.
(Programming)
41
Grant for 2015 Summer
Job Creation /
15-0015
$226,000
$209,428
$16,572
$16,572
$0
Youth Training Institute
Economic
Development
(Programming)
42
Grant for 2016 Summer
Job Creation /
16-0024
$205,000
$180,912
$24,088
$24,088
$0
Youth Training Institute
Economic
Development
(Programming)
43
Grant for 2017 Summer
Job Creation /
17-0029
$220,000
$98,656
$121,344
$121,344
$0
Youth Training Institute
Economic
Development
(Programming)
44
Grant for 2018 Summer
Job Creation /
NR
$220,000
$220,000
$0
$220,000
Youth Training Institute
Economic
Development
(Programming)
45
2017 Grant to Neighbors
Job Creation /
17-0017
$200,000
$18,178
$181,822
$181,822
$0
and Neighbors Association,
Economic
Inc.
to underwrite costs
Development
associated with the
(Programming)
continued operation of the
Business Incubator and
Development Program and
the
operation of the
Community Workforce
Training Program.
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Description
Category
Reso #
Encumbrance
Amount
Remaining
Carry Over
2018
Amount
Expended
Balance
TIF Revenue
Other Grants and Aids
46
2018 Grant to Neighbors
Job Creation /
$200,000
$200,000
$0
$200,000
and Neighbors Association,
Economic
Inc. to underwrite costs
Development
associated with the
(Programming)
continued operation of the
Business Incubator and
Development Program and
the operation of the
Community Workforce
Training Program.
47
Available funds for grant to
Job Creation /
Per Interlocal
$340,419
$0
$340,419
$340,419
World Literacy Crusade of
Economic
Agreement /
Florida, Inc. / Architectural
Development
16-0013
Services "Mama Hattie's
(Programming)
House"
48
Grant to Villas of St. Agnes
Infrastructure
14.0018
$150,000
$133,659
$16,342
$16,342
Condominium Association,
(Capital
Inc. to underwrite costs
Projects)
associated with the
installation of perimeter
fencing surrounding the St.
Agnes development.
49
Funds to be expended for
Infrastructure
13-0049
$185,000
$27,035
$157,965
$157,965
installation of the Lyric
(Capital
Plaza, located at 831 and
Projects)
841 NW 2nd Avenue,
Miami, Florida.
50
Grant to the Black Archives
Arts and
14-0003
$572,000
$562,517
$9,483
$9,483
$0
for Archival Collection,
Culture
Marketing and Cultural
(Programming)
Heritage Institute.
51
2017 Grant to the Black
Arts and
17.0042
$500,000
$0
$500,000
$500,000
$0
Archives for Archival
Culture
Collection, Marketing and
(Programming)
Cultural Heritage Institute
for 2017 calendar year.
52
2018 Grant to the Black
Arts and
NR
$500,000
$0
$500,000
$0
$500,000
Archives for Archival
Culture
Collection, Marketing and
(Programming)
Cultural Heritage Institute
for 2018 calendar year.
53
Commercial Lease
Administration
14.0002
$144,000
$138,000
$6,000
$6,000
$0
Agreement with the Black
/ Arts and
Archives for the lease of
Culture
office space for the CRA's
(Programming)
administrative offices. (For
two years)
54
2017 Grant to the Black
Infrastructure /
17-0041
$150,000
$0
$150,000
$150,000
$0
Archives for renovation of
Arts and
the Historic DA Dorsey
Culture
House./Loan
(Programming)
Reimbursement received
from the Black Archives
Foundation ($191,398).
55
2017 Funds to be used for
Arts and
17-0016
$225,000
$92,957
$132,043
$132,043
$0
the Overtown Music
Culture
Festival. Miami Foundation
(Programming)
Grant
56
2018 Funds to be used for
Arts and
NR
$225,000
$0
$225,000
$0
$225,000
the Overtown Music
Culture
Festival. Miami Foundation
(Programming)
Grant
57
Funds to rehab the building
Affordable
14-0061
$450,000
$415,117
$34,883
$34,883
$0
located at 240 NW 17th
Workforce
Street, Miami Florida-9
Housing
units
(Capital
Projects)
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Description
Category
Reso#
Encumbrance
Amount
Remaining
Carry Over
2018
Amount
Expended
Balance
TIF Revenue
Other Grants and Aids
58
2016 Holiday Tree Lighting
Arts and
17-0006
$21,736
$20,750
$986
$986
$0
Event
Culture
(Programming)
59
2017 Holiday Tree Lighting
Arts and
NR
$20,000
$0
$20,000
$20,000
$0
Event
Culture
(Programming)
60
Rehabilitation of"People's
Job Creation /
14-0075
$1,000,000
$812,093
$187,907
$187,907
$0
Bar B Que"
Economic
Development
(Capital
Project
61
Add Funds Rehabilitation of
Job Creation /
NR
$350,000
$0
$350,000
$350,000
$0
"People's Bar B Que"
Economic
Development
(Capital
Project)
62
Grant for construction of
Job Creation /
14-0076
$1,250,000
$60,077
$1,189,923
$1,189,923
$0
"Harlem Square"
Economic
Development
(Capital
Project)
63
Work readiness orientation
Job Creation /
16-0053
$15,000
$20,760
-$5,760
-$5,760
$0
and training sessions for
Economic
manufactures construction
Development
class held at the Lyric
(Capital
Theater
Project)
64
Work readiness orientation
Job Creation /
17-0007
$25,000
$15,500
$9,500
$9,500
$0
and training sessions for
Economic
manufactures construction
Development
class held at the Lyric
(Capital
Theater
Project)
65
Grant to the Black Archives
Arts and
13-0052
$66,000
$65,857
$144
$144
$0
for installation of visual
Culture
equipment.
(Programming)
66
Professional Services
Job Creation /
15-0024
$450,000
$444,167
$5,833
$5,833
$0
Agreement with Harold A.
Economic
Johnson Consulting - Miami
Development
World Center
(Programming)
67
Grant to Charles Lowell
Affordable
15.0020
$585,000
$0
$585,000
$585,000
$0
Realty Investment - 1767
Workforce
15-0055
NW 3rd Avenue -18 Units
Housing
(Capital
Projects
68
ST John 2nd Amendment
Affordable
Pursuant to
$100,000
$0
$100,000
$100,000
$0
Overtown Signage
Workforce
Development
Housing
Agreement
(Capital
Projects
69
2016 American Black Film
Arts and
NR
$50,000
$0
$50,000
$50,000
$0
Festival
Culture
(Programming)
70
2015 Annual Revolt Film
Arts and
15-0040
$150,000
$139,753
$10,247
$10,247
$0
Festival
Culture
(Programming)
71
2017 Art Basel
Arts and
NR
$140,000
$0
$140,000
$140,000
$0
Culture
(Programming)
72
2018 Art Basel
Arts and
NR
$140,000
$0
$140,000
$0
$140,000
Culture
(Programming)
73
Emergency repairsto the
Infrastructure
16-0048
$100,000
$0
$100,000
$100,000
$0
Former Law Office ofthe
(Capital
Honorable Judge Lawson
Projects)
Edward Thomas located at
1021 NW 2nd avenue.
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Description
Category
Reso#
Encumbrance
Amount
Remaining
Carry Over
2018
Amount
Expended
Balance
TIF Revenue
Other Grants and Aids
74
Grant in an amount not to
Arts and
16-0047
$85,000
$2,693
$82,307
$82,307
$0
exceed $235,000 ($150K
Culture
IMLS/$85K CRA) to the City
(Programming)
of Miami Black Police
Precinct and Courthouse
Museum.
75
Grant in an amount not to
Job Creation /
17-0025
$10,000
$0
$10,000
$10,000
$0
exceed $10,000, to World
Economic
Literacy Crusade of Florida,
Development
Inc - 2017 Girl Power
(Programming)
STEAM Summer Camp.
76
Grant to Nicole Gates and
Job Creation /
17-0026
$50,000
$0
$50,000
$50,000
$0
Karim in an amount not to
Economic
exceed $50,000, for the
Development
interior buid out of Lil
(Programming)
Greenhouse Grill located at
1300 NW 3rd Avenue.
77
Grant to Community Work
Job Creation /
17-0028
$150,000
$0
$150,000
$150,000
$0
Training Program, Inc. in an
Economic
amount not to exceed
Development
$150,000 for a job training
(Programming)
program.
78
Grant to Felicia and Derick
Job Creation /
17-0030
$352,000
$0
$352,000
$352,000
$0
Pearson, in an amount not
Economic
to exceed $352,000, for the
Development
interior build out of Code
(Programming)
Fever Miami located at 937
NW 3rd Ave.
79
Reserve to pay Gran Central
Infrastructure
Loan
$1,708,864
$0
$1,708,864
$1,358,274
$350,590
Loan $1,708,864
(Capital
Agreement
Projects)
80
Available for Other Grants
Job Creation /
NR
$140,078
$0
$140,078
$140,078
and Aids
Economic
Development
(Capital
Project)
81
Available for Other Grants
Job Creation /
NR
$675,568
$0
$675,568
$0
$675,568
and Aids
Economic
Development
(Capital
Project)
Subtotal 1
$42,902,7481
$19,924,1691
$22,978,579
$20,347,421
$2,631,158
Total Budget Amount Other Grants and Aids
NR - No CRA Resolution $5,081,623
R -CRA Resolution Passed $17,896,955
$22,978,579
$22,978,579
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Executive Director
$149,000
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Assistant Executive Director
$123,000
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Architect
$105,987
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Financial Officer
$104,906
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In House Legal Counsel
$88,000
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Marketing Coordinator
$66,837
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Grant Writer
$71,379
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$54,457
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$50,457
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$53,086
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$44 558
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$43,584
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Administrative Assistant
$45,526
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Office Assistant
$35,646
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$46,883
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$75,000
Regular Salaries
r $1,158,306
Fica taxes
$88,610
$88,610
Health/Dental/Vision
Insurance
Executive Director
$14,850
Financial Officer
$3,120
Other CRA Staff
$160,000
Employee's Contribution
-$4,956
Contingency
$15,000
Life and Health Insurance
$173,014
Retirement Contribution (457 Deferred Compensation and
Executive Director (Estimated Pension Contribution)
$50,025
Assistant Executive Director
$9,840
Financial Officer
$13,638
Administrative Assistant
$2 276
Agenda Administrator/Assistant to the Executive Director
$2,723
Assistant Financial Officer
$2,523
Project Inspector
$2,179
Architect
$5,299
Marketing Coordinator
$3,342
Grant Writer/Part Timer
$3,569
Office Assistant
$1,782
Business Coordinator
$2,654
Community Liaison
$2,228
Contingency for Salary Increases (COLA 3%) or Promotions
$5,250
Retirement Contribution
E $107,329
Car Allowance
Executive Director
$6,000
Assistant Executive Director
$2,400
Cell Phone Allowance
Executive Director
$2,400
Assistant Executive Director
$1,200
Financial Officer
$900
Administrative Assistant
Agenda Administrator
$900
Assistant Financial Officer
Project Inspector
$900
Architect
$1,800
Marketing Coordinator
$900
Grant Writer
Business Coordinator
$900
Fringe Benefits $18,300
ADP - Payroll Processing Fee (26 payroll periods X $150)
$3,900
Best Janitorial Supply (12 months x $365)
$4,380
Circle Security System (4 quarters X $175)
$700
ICMA Retirement - Annual Plan Fee
$250
Crystal Water
$800
Other Contractual Services - Contingency
$82,536
Other Contractual Services
$92,566
14
To include cost for travel out of the city for conferences and
$30,000
Travel and Per Diem
F$30,000
Black Police Precint
FPL-480 NW 11th St Black Police Precint
$12,000
Miami Water and Sewer - 480 NW lath Street Black Police Precint
$7,200
Oracle Elevator Service - Black Police Precint
$1,600
Community Center
FPL-300 NW 11th
$12,000
Miami Water and Sewer - 300 NW 11th Fire line
$600
TECO Gas -300 NW 11th
$3,000
Phone Service
$2,000
FPL- 250 NW 10th (Parking-4)
$1,200
FPL-153 NW 8th St parking
$12,000
FPL-1000 NW 3rd Avenue (Parking-3)
$3,043
FPL- Ward Rooming House (Account 27200-90022)
$1,758
Miami Water and Sewer -249 NW 9th Street (Ward Rooming
$1,000
Miami Water and Sewer - 250 NW loth St
$1,000
Contingency
$6,000
Utility Service $64 401
Auto Insurance (One (1) New Vehicles)
$3,000
Property Insurance/General/Liability Insurance
$121,555
Workers Compensation (Estimate)
$3,000
Long Term Disability Insurance for CRA Staff
$12,000
Insurance
$139,555
To include the cost of food associated to CRA Board $20,000
To include the cost of fuel. $3,000
To include the cost of miscellaneous supplies. $3,000
2016 Property Taxes Shopping Center $33,000
Other Current Charges F $59,000
To include supplies necessary for use in the operation of an $12,000
Supplies r $12,000
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To include other supplies not office related. Ex. Misc. Project
Operating Supplies
To include the cost of books, dues, memberships to
Subscription Membership/Training
To include the cost of office furniture
Machinery and Equipment
To include the expenses of placing advertisements in the
Advertising
Konica Minolta Copier (Black and White Copies and Color
Sharp Copier (Black and White Copies)(12 months x $323.04)
Office Grant Lease $6K (Lyric Theater) will expire on June 30,
Rental and Leases
To include the cost of stamps or other related item.
Postage
To include the cost associated to any office/truck repair.
Repair / Maintenance - Outside
To include transfer of funds to the City of Miami Office of the
Interfund Transfer
Total FY 2018 Amended Budget- Recurrent
Expenditures
m
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$12,000
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$12,000
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$15,000
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$15,000
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$3,000
$3,000
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$35,000
$35,000
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$3,000
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$4,000
$60,000
$67,000
$2,000
$2,000
$2,000
$2,000
$30,000
$30,000
$2,109,081
16
FY 2018
FY 2017
BUDGET
SEOPW GENERAL OPERATING TAX INCREMENT FUND BUDGET
PROPOSED
AMENDED
VARIANCE
BUDGET
BUDGET
REVENUES
CITY OF MIAMI -TAX INCREMENT (ORIGINAL BOUNDARIES)
$10,377,451
$10,525,607
($148,156)
MIAMI DADE COUNTY - TAX INCREMENT (ORIGINAL BOUNDARIES)
$6,515,446
$6,424,109
$91,337
CITY OF MIAMI - TAX INCREMENT (EXPANDED BOUNDARIES)
$643,508
$483,646
$159,862
MIAMI DADE COUNTY - TAX INCREMENT (EXPANDED BOUNDARIES)
$404,683
$295,185
$109,498
CITY OF MIAMI - TAX INCREMENT (PARK WEST ADDITION)
$414,240
$363,837
$50,403
MIAMI DADE COUNTY- TAX INCREMENT (PARK WEST ADDITION)
$261,143
$222,061
$39,082
CONTRIBUTION FROM THE CHILDREN TRUST FUND
$758,074
$753,293
$4,78
GRANT FROM EDA (FEDERAL GOVERNMENT)
$90,000
($90,0 )
2017 UNAUDITED FUND BALANCE - 7/13/17
$26,915,529
$29,550,417
($2,63 88)
TOTAL REVENUE
$46,290,074
$48,708,155
($2, O81)
REDEVELOPMENT EXPENDITURES
PROFESSIONAL SERVICES - LEGAL
$512,133
$245,561
$266,572
ACCOUNTING AND AUDIT
$31,000
$200
$30,800
PROFESSIONAL SERVICES - OTHER
$2,161,804
$2,786,7
$624,927
OTHER CONTRACTUAL SERVICES
$S68,519
$38 30
$183,389
LAND
$291,795
$1, 6,794
-$1,024,999
INTERFUND TRANSFER (Grant)
$11,075,084
787,323
$2,287,761
DEBT SERVICE PAYMENT
$4,521,875
4,519,125
$2,750
CONSTRUCTION IN PROGRESS
$296:611
$327,630
-$31,019
OTHER GRANTS AND AIDS
$22,978,S7
$26,889,825
-$3,911,246
TOTAL REDEVELOPMENT EXPENDITURES
$42,437, 0
$45,258,319
($2,820,919)
REGULAR SALARIES
$1, ,306
$1,083,306
$75,000
FICA TAXES
88,610
$82,873
$5,738
LIFE AND HEALTH INSURANCE
5173,014
$173,014
$0
RETIREMENT CONTRIBUTION
$107,329
$102,079
$5,250
FRINGE BENEFITS
$18,300
$18,300
$0
OTHER CONTRACTUAL SERVICE/ION
$92,566
$92,566
$0
TRAVEL AND PER DIEM$30,000
$30,000
$0
UTILITY SERVICE$64,401
$64,401
$0
INSURANCE$139,555
$139,555
$0
OTHER CURRENT CHARGE$59,000
$59,000
$0
SUPPLIES$12,000
$12,000
$0
OPERATING SUPPLIES$12,000
$12,000
$0
SUBSCRIPTION MEMBERSHIP/T$15,000
$15,000
$0
MACHINERY AND EQUIPMENT$3,000
$3,000
$0
ADVERTISING$35,000
$35,000
$0
RENTAL AND LEASES$67,000
$67,000
$0
POSTAGE$2,000
$2,000
$0
REPAIR/MAINTENANCE-OUTS$2,000
$2,000
$0
INTERFUND TRANSFER$30,000
$30,000
$0
BUDGET RESERVE -ADMINISTR$240,000
$240,000
$0
TOTAL ADMINISTRATIVE EX NDITURES
$2,349,081
$2,263,094
$85,988
Revenue Shortfall Resery
a) FY 2013 Carryover Fu Balance (Surplus)
$314,134
$314,134
-
b) FY 2014 Carryover nd Balance (Surplus)
$512,015
$512,015
c) FY 2015 Carryov Fund Balance (Surplus)
$360,593
$360,593
d) FY 2016 Car ver Fund Balance (Surplus) 1
$316,851
$0
316,851
TOTAL REVE E SHORTFALL RESERVE
$1,503,593
$1,186,742
$316,851
TOTAL FU BALANCE
$46,290,074
$48,708,155
($2,418,061)
50.00
2018 TIF Revenue
$18,626,471
2018 Administrative Expenditures
$2.349,081
%Administrative Exp / 2018 TIF Revenue
13%
2018 Budget Reserve
$1,503,593
Total 2018 Budget
$46,290,074
% 2018 Budget Reserve / Total 2018 Budget
3%