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Home My WebLink About Exhibit AHistoric Virginia Key Beach Park FY 2022 - 2023 Revenue Projection Weekend/Holiday Entry 250,000 M-F Enta 15,000 Pavilion Rentals 42,500 Film & Photo Shoots 9,000 Weddings & Receptions 12,000 Cabin Rentals 1,500 Ragnar Relay Event, Bikini Sundayz, Beach Bawl, House of Creatives, Where are My Keys, Rakastella, Wet Fete Water Party, Love Burn, Grassroots Festival of Music and Dance, Big Phat Fish, Socavivor, Art With Me, We Belong Here, Rapture, Returninq Large Events Splashing Miami 300,000 Reggae Music Festival, Community Music Fest, Splash Down Event, Holiday Fair, Art Basel Activation, HBCU Spring Break BBQ, 78th Anniversary Picnic, SWARM Series, New Large Events Fractal Beach 150,000 Give Miami Day, (2) Dine-n-Dash Historic Tours, Summer Back Packs, Harvest Festival, Black Ceasar Event, Rooftop fundraising reception, Mellon/FlU Grant, Florida Fundraising Cam ai n ; Events; Grants Humanitites, IMLS, State of Florida 85,000 Key Bees Summer Camp, YMCA Summer Camp, Camp Guaikinima Summer Camp 80,000 Rest of the World Soccer Academy 18,000 Vending Machines & ATM 2,000 Food Trucks & Weekend Vendors 10,000 Total 975,000 VIRGINIA KEY BEACH PARK TRUST 2022-2023 Proposed Budget Virginia Key Beach Park Trust 2021-2022 Adopted Budget 2022-2023 Proposed Budget 449000 Projected Revenue $ 875,000.00 $ 975,000.00 431000 Grants $ 75,000.00 $ 50,000.00 439000 City of Miami Contribution $ 300,000.00 $ 600,000.00 466000 Cash with fiscal agent/Donations $ 5,000.00 $ 5,000.00 Total Revenue Projected $ 1,255,000.00 $ 1,630,000.00 Object Code Projected Expenditures 2021-2022 Adopted Budget 2022-2023 Proposed Budget 512000 Administration Salaries $ 399,300.00 $ 514,000.00 513000 Park Salaries $ 230,200.00 $ 345,000.00 521000 FICA $ 48,200.00 $ 65,750.00 522000 Retirement Contributions $ 25,000.00 $ 42,000.00 523000 Health & Dental Insurance $ 70,000.00 $ 85,000.00 525000 Unemployment Compensation $ 5,000.00 $ 5,000.00 531000 Professional Services $ 1,000.00 $ - 532000 Auditors $ 10,500.00 $ 10,000.00 534000 Other Contractual Services $ 250,000.00 $ 270,000.00 540000 Travel per Diem - $ 10,000.00 $ 12,000.00 541100 Postage $ 1,000.00 $ 500.00 541000 Communications & Related $ 10,000.00 $ 20,000.00 544000 Rent & Lease $ 62,800.00 $ 90,000.00 546000 Repair and Maintenance $ 30,000.00 $ 35,000.00 547100 Printing & Binding $ 10,000.00 $ 15,000.00 548000 Promotional Expenses $ 20,000.00 $ 35,000.00 548100 Advertising $ 10,000.00 $ 15,000.00 549000 Other current charges & obligations $ 10,000.00 $ 10,000.00 551000 Office Supplies $ 5,000.00 $ 5,000.00 552000 Operating Supplies $ 35,000.00 $ 43,750.00 552200 Uniforms $ 3,000.00 $ 3,000.00 554000 Licenses, Subscriptions and Memberships $ 4,000.00 $ 4,000.00 663000 Improvement other than building $ - $ - Hire Education Coord. & convert 2 part-timers to full time & Annual increases Hire 1 Park Lead and 3 part time park attendants & annual increase additional staff additional full time staff Reserve Cash w/Fiscal Agent -Donations $ 5,000.00 $ 5,000.00 $ 1,255,000.00 $ 1,630,000.00 Virginia Key Beach Park Trust Budget Template FY 2022-23 Proposed Budget COVID 19 COVID 19 FY 2018-19 Actuall FY 2019-20 Actuall FY 2020-21 Actuall FY 2021-22 Adopted FY 2021-22 Projection FY 2022-23 Proposed I Difference I Notes Number of Full -Time Positions 6 6 6 7 7 10 +3 Are any positions funded in other budgets? NO NO NO NO NO NO If so, how much is in this budget? N/A N/A N/A N/A N/A N/A If so, how much is in the other budget? N/A N/A N/A N/A N/A N/A Revenues Projected Revenue $887,922 $418,752 $701,707 $875,000 $925,000 $975,000 +$100,000 Grants $23,080 $127,842 $0 $75,000 $25,000 $50,000 -$25,000 Donations $9,085 $2,000 $0 $5,000 $5,000 $5,000 $0 2019 Ultra Music Festival $1,000,000 $0 $160,000 $0 $0 $0 $0 $0 Miami Dade County Mini Train Project $0 $125,000 $0 $0 $0 $0 $0 City of Miami $300,0001 $300,000 $300,000 $300,0001 $300,0001 $600,000 +$300,000 Revenue Grand Total $2,220,0871 $973,594 $1,161,707 $1,255,0001 $1,255,0001 $1,630,0001 1 $375,000 Expenditures Regular Salary and Wages $335,334 $345,242 $363,000 $399,300 $385,000 $514,000 +$114,700 Other Salaries /Park $159,615 $201,967 $160,000 $230,200 $235,000 $345,000 +$114,800 FICA Taxes $37,653 $41,728 $40,200 $48,200 $47,500 $65,750 +$17,550 Retirement Contributions $6,600 $15,014 $18,000 $25,000 $25,000 $42,000 +$17,000 Life and Health Insurance $47,585 $63,020 $74,000 $70,000 $72,000 $85,000 +$15,000 Unemployment $0 $0 $2,000 $5,000 $0 $5,000 $0 Professional Services $0 $2,000 $0 $1,000 $0 $0 -$1,000 Accounting and Auditing $9,500 $9,500 $9,500 $10,500 $9,600 $10,000 -$500 Other Contractual Services $312,811 $185,793 $176,000 $250,000 $245,000 $270,000 +$20,000 Other Contractual Services - Grants $0 $0 $0 $0 $0 $0 $0 Travel and Per Diem $17,527 $11,039 $2,000 $10,000 $8,000 $12,000 +$2,000 Communications and Related Services $2,067 $3,787 $9,004 $10,000 $13,000 $20,000 +$10,000 Postage $770 $1,026 $851 $1,000 $100 $500 -$500 Rentals and Leases $44,536 $74,733 $50,000 $62,800 $75,000 $90,000 +$27,200 Repair and Maintenance Services $26,996 $29,811 $33,000 $30,000 $25,000 $35,000 +$5,000 Maintenance -Landscape $0 $0 $0 $0 $0 $0 $0 Printing and Binding Outsource $18,047 $11,861 $6,000 $10,000 $12,000 $15,000 +$5,000 Promotion Expense $41,585 $27,561 $10,500 $20,000 $30,000 $35,000 +$15,000 Advertising and Related Costs $9,173 $4,964 $3,000 $10,000 $8,000 $15,000 +$5,000 Other Current Charges & Obligation $14,338 $4,613 $2,100 $10,000 $6,000 $10,000 $0 Office Supplies $8,349 $3,651 $3,000 $5,000 $3,500 $5,000 $0 Operating Supplies $26,860 $60,630 $44,000 $35,000 $23,720 $43,750 +$8,750 Motor Fuel $0 $0 $0 $0 $0 $0 $0 Uniforms/clothing $0 $1,978 $100 $3,000 $2,000 $3,000 $0 Landscape Related Supplies $0 $0 $0 $0 $0 $0 $0 Subscriptions, Memberships, and Licenses $2,142 $4,457 $2,452 $4,000 $3,000 $4,000 $0 Equipment & Furniture $9,735 $39,928 $0 $0 $7,365 $0 $0 Improvement other than building $23,080 $188,778 $153,000 $0 $14,215 $0 $0 All other Expenditure $0 $0 $0 $0 $0 $0 $0 Reserve Cash with Fiscal Agent $9,0851 $2,000 $0 $5,0001 $5,000 $5,000 $0 Expenditure Grand Total $1,163,3881 $17335,081 $1,161,7071 $1,255,0001 $1,255,0001 $1,630,000 $375,000 Revenues Minus Expenditures I I I I I I 1 $0