HomeMy WebLinkAboutExhibit ABUDGET SUMMARY
The Downtown Development Authority of the City of Miami, Florida
Fiscal Year 2022-2023
THE FINAL OPERATING BUDGET EXPENDITURES OF
THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI
ARE 33.67% MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES
Revenue Sources
Ad Valorem Tax Levy
Reimbursements
Total Revenues
Reserve and Carryover
Total Revenues and Balances
Operating Expenditures
General Expenses
Leadership, Advocacy and Operations
Urbanism
Enterprise
Total Operating Expenditures
Fund Balances and Reserves
Total Expenditures, Reserves, and Balances
GENERAL FUND
0.4681 Millage per $1000 $ 11,520,000
4,942,000
The tentative, adopted, and/or final budgets are on file in the office of the
above referenced taxing authority as a public record.
16,462,000
2,263,000
18,725,000
4,334,500
1,281,500
9,198,000
3,335,000
18,149, 000
576,000
18,725,000
Downtown Development Authority of the City of Miami
Budget Template FY 2022.23 Proposed Budget
FY 2018-19 Actual I FY 2019-20 Actual I FY 2020-21 Actual I FY2021-22 Adopted I FY2021-22 Projection I F I Difference I Notes
Number of Full -Time Positions
29
30
29
35
29
34
-1
5 positions to be hired: Urban
Planning, BD (2), Research and
Accounting.
Are any positions funded in other budgets?
Yes
Yes
Yes
Yes
Yes
If so, how much is in this budget?
$113,000
$118,000
$120,000
$120,000
$125,000
+5,000
CRA Reimbursement = $60,000
PIO Reimbursement = $65,000
If so, how much is in the other budget?
$113,000
$118,000
$120,000
$120,000
$125,000
+5,000
CRA Reimbursement $60,000
PIO Reimbursement = $65,000
Revenues
Ad Valorem Taxes
$8,775,932
$9,427,283
$9,904,090
$10,079,500
$10,079,500
$10,944,000
+864,500
Number based on 9591 of preliminary
collection on $11,520,000 (millage
.4681).
Grant monies
$132,165
$246,161
$389,597
$280,000
$280,000
$310,000
+30,000
Increase CRA Reimbursement
(Contract).
Other
$41,176
$49,966
$96,621
$1,815,000
$1,182,470
$4,632,000
+2,817,000
$65k PIO (City Agreement)
$3501, PitStop CRA (Agreement)
$5001, Business Incentives (City Reso)
$3,717,000 DRI Funds (City Reso)
Carr over Funds from Prior Years
$0
$0
$0
$1,403,0001
$769,840
$2,263,000
+860,000
Reserve and Car over
Revenue Grand Total
$8,949,273
$9,723,410
$10,390,308
$13,577,500
$12,311,810
$18,149,000
M,571,500
Expenditures
Regular Salary and Wages
$2,315,914
$2,333,237
$2,313,542
$3,000,000
$2,564,361
$3,150,000
+150,000
5 positions anticipated to be hired:
Urban Planning, Business
Development (2), Research and
Accounting.
Increases on COL, salaries, new
positions and onetime payment
supplements.
FICA Taxes
$168,100
$170,245
$170,499
$240,000
$205,149
$252,000
+12,000
Increases on COL, salaries, new
positions and one time payment
supplements.
Retirement Contributions
$149,140
$157,962
$161,269
$210,000
$179,505
$220,500
+10,500
Increases on COL, salaries, new
positions and onetime payment
Life and Health Insurance
$288,419
$291,411
$340,718
$500,000
$381,140
$600,000
+100,000
Increases on COI, salaries, new
positions and onetime payment
Workers' Compensation
$17,955
$21,611
$19,945
$25,000
$31,134
$35,000
+10,000
Increases due to cases during the year
(2 as of today).
Professional Services - Legal
$27,500
$30,000
$25,000
$60,000
$30,000
$60,000
0
Contract with the City of Miami.
Professional Services
$92,429
$58,891
$50,045
$80,000
$80,000
$100,000
+20,000
IT Consultant. New RFP 2022
Accounting and Auditing
$22,000
$22,000
$23,200
$25,500
$22,000
$30,000
+4,500
Annual Audit. New RFP2023
Other Contractual Services
$35,000
$50,952
$81,709
$120,000
$56,000
$180,000
+60,000
Intergovernmental Advocacy (State
and Federal).
Ambassadors' Program
$565,272
$714,460
$823,491
$980,000
$980,000
$980,000
0
Contract.
$77,948
$243,298
$250,000
$280,000
$280,000
$310,000
+30,000
Increase in contract (reimbursement).
CRA Team
$451,052
$504,163
$408,055
$615,000
$615,000
$665,000
+50,000
Additional costs related to workforce,
supplies and sanitation. Purchase of
DET Team and Supplies
new truck.
$0
$21,828
$0
$0
$0
$0
0
Included in DET Team and supplies.
DET Truck
NEATTeam
$154,9861
$180,000
$194,917
$195,000
$195,000
$195,000
0
Contract.
Information Centers
$37,500
$50,000
$50,000
$50,000
$50,000
$50,000
0
Contracts -2locations.
Program Management
$7,112
$300
$2902
$0
$0
$0
0
$0
$0
$25,252
$300,000
$300,000
$500,000
+200,000
Additional securityfor downtown,
quarterlyclean up events, street
pressure washing and other initiatives
to ensure downtown is clean and safe.
Security and Sanitation Program
$0
$343,379
$78,914
$1,075,000
$600,000
$876,000
-199,000
Implementation of 3 pitstop
bathrooms (2 more pending), includes
bayfront and Ferre Park bathrooms.
CRA reimburses their portion.
Pit Stop Program
Downtown Development Authority of the City of Miami
Budget Template FY 2022.23 Proposed Budget
FY 2018-19 Actual I FY 2019-20 Actual I FY 2020-21 Actual I FY2021-22 Adopted I FY2021-22 Projection I F I Difference I Notes
Number of Full -Time Positions
29
30
29
35
29
34
-1
5 positions to be hired: Urban
Planning, BD (2), Research and
Accounting.
Are any positions funded in other budgets?
Yes
Yes
Yes
Yes
Yes
If so, how much is in this budget?
$113,000
$118,000
$120,000
$120,000
$125,000
+5,000
CRA Reimbursement = $60,000
PIO Reimbursement = $65,000
If so, how much is in the other budget?
$113,000
$118,000
$120,000
$120,000
$125,000
+5,000
CRA Reimbursement $60,000
PIO Reimbursement = $65,000
Travel and Per Diem
$58,313
$20,446
$12,504
$60,000
$60,000
$80,000
+20,000
In -person conferences and meetings
(out of Miami).
Communications and Related Services
$103,518
$162,388
$171,782
$333,000
$283,000
$370,000
+37,000
Banners, Advertising, Collateral
(Advertising)
Materials, Videos, Promotional
Materials, Website.
Postage
$2,827
$759
$11,438
$5,000
$3,500
$8,000
+3,000
Postage, Couriers, etc. Annual Report
been sent via mail.
Utility
$26,582
$24,504
$22,046
$40,000
$30,000
$40,000
0
Common areas expense, phone,
Internet, etc.
Rentals and Leases
$257,758
$291,175
$274,474
$318,000
$329,500
$356,500
+38,500
Office and Storage rent/ Increase per
lease. Parking lease.
Repair and Maintenance Services
$3,204
$27,859
$10,939
$25,000
$25,000
$35,000
+10,000
Office cleanings/Repairs/Security
System / Miscellaneous items needed
for operation of the office.
Printing and Binding
$8,030
$7,803
$24,863
$35,000
$30,000
$30,000
-5,000
Copy Machines Usage
Advertising and Related Costs
$63,337
$132,757
$196,863
$0
$0
$175,000
+175,000
Calculated Strategies that include but
are not limited to: Influencer program,
new innovative ways to promote the
DDA and it's programs and initiatives,
etc.
Office Supplies
$24475
$28,605
$16,532
$25000
$25000
$30,000
+5000
Supplies for employees
Subscriptions, Memberships, and Licenses
$17,658
$33,705
$21,453
$25,000
$25,000
$25,000
0
Software & Licenses
Capital Projects and Purchases
$1,300,332
$969,374
$1,008,938
$1,630,000
$1,430,000
$4,207,000
+2,577,000
Master Plan 2050, BayWalk/RiverWalk
+Connections, Transportation and
Connectivity, Biscayne Green, Flagler
Street PIO Office, Utility Markings
Program, Avenue 3 activations and
Public Realm Improvements. Includes
DRI reimbursement line items.
All Other Expenditures
$38 829
$53 125
$0
$0
$0
$0
0
Please see detail below
Other Staff Benefits
$78,775
$65,087
$70,330
$97,000
$73,208
$112,000
+15,000
Cell hones, parking and passes.
Consultants
$79,823
$187,637
$59,352
$90,000
$90,000
$90,000
0
Expert Consultants such as: Human
Resources analysis, Research,
Communications and Advertising.
Additional Operational Expenses
$77,315
$52,504
$59,919
$97,000
$90,000
$105,500
+8,500
Meetings, Required Ads & Filings,
Office Equipment and program
management fees.
Insurance Cost
$19,821
$15,825
$21,236
$27,000
$25,313
$31,500
+4,500
Increases in insurances.
Professional Development
$46,691
$37,851
$20,684
$60,000
$60,000
$125,000
+65,000
Increased (per DDA Board direction) in
order to remain competitive and
retain talent during the great
resignation.
Small Business Grants
$6,900
$114,392
$290,056
$200,000
$200,000
$525,000
+325,000
Various grant assistance programs
(example: Flagler Construction,
Window Wrapping, Lighting and
FaSade Program, amongst others).
Targeted Programs &Activations
$175,252
$224,253
$1,002,318
$495,000
$590,000
$890,000
+395,000
Outdoor Dining/Restaurant Recovery,
Activations, Educational Initiatives,
Homelessness, and Downtown Dog
Spot.
Sponsorships
$475,075
$271,206
$671,928
$250,000
$250,000
$300,000
+50,000
Legacyand Competitive Grant
programs
Downtown Development Authority of the City of Miami
Budget Template FY 2022-23 Proposed Budget
FY 2018-19 Actual I FY 2019-20 Actual I FY 2020-21 Actual I FY 2021-22 Adopted I FY 2021-22 Projection I F I Difference INotes
Number of Full -Time Positions
29
30
29
35
29
34
-1
5 positions to be hired: Urban
Planning, BD (2), Research and
Accounting.
Are any positions funded in other budgets?
Yes
Yes
Yes
Yes
Yes
If so, how much is in this budget?
$113,000
$118,000
$120,000
$120,000
$125,000
+5,000
CRA Reimbursement = $60,000
PIO Reimbursement=$65,000
If so, how much is in the other budget?
$113,000
$118,000
$120,000
$120,000
$125,000
+5,000
CRA Reimbursement=$60,000
PIO Reimbursement=$65,000
Public Relations
$132,072
$146,492
$146,424
$215,000
$215,000
$185,000
-30,000
PR Contract and possible incidentals.
Research and Strategy
$46,420
$57,536
$37,311
$200,000
$75,000
$175,000
-25,000
Research Reports (3) and
Demographics Report / Yearly
subscriptions (databases)
Special Initiatives
$457,180
$641,290
$526,115
$1,245,000
$1,483,000
$1,850,000
+605,000
Business Development, Talent
Recruitment and Retention initiatives
and Business Incentives.
Permitting and Small Business Assistance
$0
$131
$6,500
$350,000
$350,000
$200,000
-150,000
Permitting clinic and other small
business initiatives.
Expenditure Grand Total
$7,910,514
$8,760,440
$9,703,463
$13,577,500
$12,311,810
$18,149,000
$4,571,500
Revenues Minus Expenditures 1 $1,038,7601 $962,9701 $686,845 $0 $0 $0 $0