HomeMy WebLinkAboutComposite Exhibit 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 IY 2020-21 Actual I IFY 2021-22 Adopted I F1'2021-22 Projection I 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 9591of 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
$651, PIO (City Agreement)
$350k PitStop CRA (Agreement)
$5001, Business Incentives (City Reso)
$3,717,000 DRI Funds (CityReso)
Carryover Funds from Prior Years
$0
$0
$0
$1,403,000
$769,840
$2,263,000
+860,000
Reserve and Carryover
Revenue Grand Total
$8,949,273
$9,723,410
$10,390,308
$13,577,500
$12,311,810
$18,149,000
+4,571,500
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 one time payment
supplements.
FICATaxes
$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 one time payment
Life and Health Insurance
$288,419
$291,411
$340,718
$500,000
$381,140
$600,000
+100,000
Increases on COL, salaries, new
positions and one time 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 RFP 2023
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 work force,
supplies and sanitation. Purchase of
DET Team and Supplies
new truck.
DET Truck
$0
$21,828
$0
$0
$0
$0
0
Included in DETTeam and supplies.
NEATTeam
$154,986
$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
$2,902
$0
$0
$0
0
$0
$0
$25,252
$300,000
$300,000
$500,000
+200,000
Additional security for downtown,
quarterly clean up events, street
pressure washing and other initiatives
to ensure downtown is clean and
Security and Sanitation Program
isafe.
$0
$343,378
$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
Pit Stop Program
portion.
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).
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 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
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
$24,475
$28,605
$16,532
$25,000
$25,000
$30,000
+5,000
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,
Bay W alk/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
Cellphones, 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
$20,694
$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
Facade 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
Legacy and Competitive Grant
programs
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
subscri tions(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.
Downtown Development Authority of the City of Miami
Budget Template FY 2022-23 Proposed Budget
FY 2018-19Actual 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, SD (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
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 $7,910,5141 $8,760,4401 $9,703,4631 $13,577,5001 $12,311,8101 0
Revenues minus Expenditures 1 $1,038,7601 $962,9701 $686,8451 sol $0 $0 $0
Reset Form
CERTIFICATION OF TAXABLE VALUE
kal
FLORIDA
Print Form
DR-420
R. 5/12
Rule 12D-16.002
Florida Administrative Code
Effective 11/12
Year: 2022
County: MIAMI-DADE
Principal Authority:
Downtown Dev. Authority of The City of Miami
Taxing Authority:
DADE CO DOWNTOWN DEV AUTH
SECTION I : COMPLETED BY PROPERTY APPRAISER
1.
Current year taxable value of real property for operating purposes
$ 23,353,494,454
(1)
2.
Current year taxable value of personal property for operating purposes
$ 1,213,297,516
(2)
3.
Current year taxable value of centrally assessed property for operating purposes
$ 35,741,833
(3)
4.
Current year gross taxable value for operating purposes (Line 1 plus Line 2 plus Line 3)
$ 24,602,533,803
(4)
5.
Current year net new taxable value (Add new construction, additions, rehabilitative
improvements increasing assessed value by at least 100%, annexations, and tangible
personal property value over 115% of the previous year's value. Subtract deletions.)
$ 342,628,747
(5)
6.
Current year adjusted taxable value (Line 4 minus Line 5)
$ 24,259,905,056
(6)
7.
Prior year FINAL gross taxable value from prior year applicable Form DR-403 series
$ 22,006,052,233
(7)
8
Does the taxing authority include tax increment financing areas? If yes, enter number
of worksheets (DR-420TIF) attached. If none, enter 0
YES
❑✓ NO
Number
0
(8)
9.
Does the taxing authority levy a voted debt service millage or a millage voted for 2
years or less under s. 9(b), Article VII, State Constitution? If yes, enter the number of
DR-420DEBT, Certification of Voted Debt Millage forms attached. If none, enter 0
YES
❑✓ NO
Number
0
(9)
Property Appraiser Certification
I certify the taxable values above are correct to the best of my knowledge.
SIGN
HERE
Signature of Property Appraiser:
Electronically Certified by Property Appraiser
Date:
7/1 /2022 1 1:40 AM
SECTION II : COMPLETED BY TAXING AUTHORITY
If this portion of the form is not completed in FULL your taxing authority will be denied TRIM certification and
possibly lose its millage levy privilege for the tax year. If any line is not applicable, enter -0-.
10.
Prior year operating millage levy (Ifprior year millage was adjusted then use adjusted
millage from Form DR-422)
0.4681 per $1,000
(10)
11.
Prior year ad valorem proceeds (Line 7 multiplied by Line 10, divided by 1,000)
$ 10,301,033
01)
12
Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a
dedicated increment value (Sum of either Lines 6corLine 70for al/DR-420TIFforms)
$ 0
(12)
13.
Adjusted prior year ad valorem proceeds (Line 11 minus Line 12)
$ 10,301,033
(13)
14.
Dedicated increment value, if any (Sum of either Line 6borLine 7efor al/DR-420TIFforms)
$ 0
(14)
15.
Adjusted current year taxable value (Line 6 minus Line 14)
$ 24,259,905,056
(15)
16.
Current year rolled -back rate (Line 13 divided by Line 15, multiplied by 1,000)
0.4246 per $1000
(16)
17.
Current year proposed operating millage rate
0.4681 per $1000
(17)
18
Total taxes to be levied at proposed millage rate (Line 17 multiplied by Line 4, divided
by 1,000)
$ 11,516,446
(18)
Continued on page 2
DR-420
R. 5/12
Page 2
TYPE of principal authority (check one) ❑ County ❑✓ Independent Special District
19
(19)
❑ Municipality ❑ Water Management District
Applicable taxing authority (check one) ✓❑ Principal Authority ❑ Dependent Special District
20
(20)
❑ MSTU ❑ Water Management District Basin
21.
Is millage levied in more than one county? (check one) ❑ Yes ❑✓ No
(21)
DEPENDENT SPECIAL DISTRICTS AND MSTUs
I ,
STOP HERE - SIGN AND SUBMIT
22
Enter the total adjusted prior year ad valorem proceeds of the principal authority, all
dependent special districts, and MSTUs levying a millage. (The sum of Line 13 from all DR-420
$ 10,301,033
(22)
forms)
23•
Current year aggregate rolled -back rate (Line 22 divided by Line 15, multiplied by 1,000)
0.4246 per $1,000
(23)
24.
Current year aggregate rolled -back taxes (Line 4 multiplied by Line 23, divided by 1,000)
$ 10,446,236
(24)
Enter total of all operating ad valorem taxes proposed to be levied by the principal
25.
taxing authority, all dependent districts, and MSTUs, if any. (The sum of Line 18 from all
$ 11,516,446
(25)
DR-420 forms)
26
Current year proposed aggregate millage rate (Line 25 divided by Line4, multiplied
0.4681 per $1,000
(26)
by 1,000)
27
Current year proposed rate as a percent change of rolled -back rate (Line 26 divided by
%
(27)
Line 23, minus 1, multiplied by 700)
10.24
First public
Date:
Time:
Place:
budget hearing
g g
Commission Chambers at City Hall, 3500 Pan American
9/10/2022
10:00 AM EST
Drive, Miami, Florida, 33133 / Phone: 305-579-6675
1 certify the millages and rates are correct to the best of my knowledge.
Taxing Authority Certification
The millages comply with the provisions of s. 200.065 and the provisions of
either s. 200.071 or s. 200.081, F.S.
Signature of Chief Administrative Officer:
Date:
G
Electronically Certified by Taxing Authority
7/29/2022 3:39 PM
N
Title:
Contact Name and Contact Title:
IVONNE BERRIOS, CHIEF OPERATING OFFICER
H
CHRISTINA CRESPI, EXECUTIVE DIRECTOR
E
Mailing Address:
Physical Address:
R
200 S. BISCAYNE BLVD, STE 2929
200 S. BISCAYNE BLVD., SUITE 2929
E
City, State, Zip:
Phone Number:
Fax Number:
MIAMI, FL 33131
(305)579-6675
(305)371-2423
Instructions on page 3
CERTIFICATION OF TAXABLE VALUE
INSTRUCTIONS
DR-420
R. 5/12
Page 3
"Principal Authority" is a county, municipality, or independent special district (including water management districts).
"Taxing Authority" is the entity levying the millage. This includes the principal authority, any special district dependent to the
principal authority, any county municipal service taxing unit (MSTU), and water management district basins.
Each taxing authority must submit to their property appraiser a DR-420 and the following forms, as applicable:
DR-420TIF, Tax Increment Adjustment Worksheet
DR-420DEBT, Certification of Voted Debt Millage
DR-420MM-P, Maximum Millage Levy Calculation - Preliminary Disclosure
Section I: Property Appraiser
Use this DR-420 form for all taxing authorities except school
districts. Complete Section I, Lines 1 through 9, for each county,
municipality, independent special district, dependent special
district, MSTU, and multicounty taxing authority. Enter only
taxable values that apply to the taxing authority indicated. Use a
separate form for the principal authority and each dependent
district, MSTU and water management district basin.
Line 8
Complete a DR-420TIF for each taxing authority making
payments to a redevelopment trust fund under Section 163.387
(2)(a), Florida Statutes or by an ordinance, resolution or
agreement to fund a project or to finance essential infrastructure
Check "Yes" if the taxing authority makes payments to a
redevelopment trust fund. Enter the number of DR-420TIF forms
attached for the taxing authority on Line 8. Enter 0 if none.
Line 9
Complete a DR-420DEBT for each taxing authority levying either
a voted debt service millage (s.12, Article VII, State Constitution)
or a levy voted for two years or less (s. 9(b), Article VI I, State
Constitution).
Check "Yes" if the taxing authority levies either a voted debt
service millage or a levy voted for 2 years or less (s. 9(b), Article
VII, State Constitution). These levies do not include levies
approved by a voter referendum not required by the State
Constitution. Complete and attach DR-420DEBT. Do not
complete a separate DR-420 for these levies.
Send a copy to each taxing authority and keep a copy. When the
taxing authority returns the DR-420 and the accompanying forms,
immediately send the original to:
Florida Department of Revenue
Property Tax Oversight - TRIM Section
P.O. Box 3000
Tallahassee, Florida 32315-3000
Section II: Taxing Authority
Complete Section II. Keep one copy, return the original and
one copy to your property appraiser with the applicable
DR-420TIF, DR-420DEBT, and DR-420MM-P within 35 days
of certification. Send one copy to the tax collector. "Dependent
special district" (ss. 200.001(8)(d) and 189.403(2), F.S.)
means a special district that meets at least one of the
following criteria:
• The membership of its governing body is identical to that of
the governing body of a single county or a single
municipality.
• All members of its governing body are appointed by the
governing body of a single county or a single
municipality.
• During their unexpired terms, members of the special
district's governing body are subject to removal at will by
the governing body of a single county or a single
municipality.
• The district has a budget that requires approval through an
affirmative vote or can be vetoed by the governing body
of a single county or a single municipality.
"Independent special district" (ss. 200.001(8)(e) and 189.403
(3), F.S.) means a special district that is not a dependent
special district as defined above. A district that includes more
than one county is an independent special district unless the
district lies wholly within the boundaries of a single
municipality.
"Non -voted millage" is any millage not defined as a "voted
millage" in s. 200.001(8)(0, F.S.
Lines 12 and 14
Adjust the calculation of the rolled -back rate for tax increment
values and payment amounts. See the instructions for
DR-420TIF. On Lines 12 and 14, carry forward values from
the DR-420TIF forms.
Line 24
Include only those levies derived from millage rates.
All TRIM forms for taxing authorities are available on our website at
http://dor.myflorida.com/dor/property/trim
FOReset Form
ki
MAXIMUM MILLAGE LEVY CALCULATION
FINAL DISCLOSURE
FLORIDA For municipal governments, counties, and special districts
Print Form
DR-420MM
R. 5/12
Rule 12D-16.002
Florida Administrative Code
Effective 11/12
Year: 2022
County: MIAMI-DADE
Principal Authority:
Downtown Dev. Authority of The City of Miami
Taxing Authority:
DADE CO DOWNTOWN DEV AUTH
1
�ls your taxing authority a municipality or independent special district that has levied
ad valorem taxes for less than 5 years?
Yes
No
(1)
IF YES, a STOP HERE. SIGN AND SUBMIT. You are not subject to a millage limitation.
2.
Current year rolled -back rate from Current Year Form DR-420, Line 16
0.4246 per $1,000
(2)
3.
Prior year maximum millage rate with a majority vote from 2021, Form DR-420MM, Line 13
0.4840 per $1,000
(3)
4.
Prior year operating millage rate from Current Year Form DR-420, Line 10
0.4681 per $1,000
(4)
If Line 4 is equal to or greater than Line 3, skip to Line 11. If less, continue to Line 5.
Adjust rolled -back rate based on prior year majority -vote maximum millage rate
5.
Prior year final gross taxable value from Current Year Form DR-420, Line 7
$ 22,006,052,233
(5)
6
Prior year maximum ad valorem proceeds with majority vote
(Line 3 multiplied by Line 5 divided by 1,000)
$ 10,650,929
(6)
7
Amount, if any, paid or applied in prior year as a consequence of an obligation
measured by a dedicated increment value from Current Year Form DR-420 Line 12
$ 0
(7)
8.
Adjusted prior year ad valorem proceeds with majority vote (Line 6 minus Line 7)
$ 10,650,929
(8)
9.
Adjusted current year taxable value from Current Year form DR-420 Line 15
$ 24,259,905,056
(9)
10.
Adjusted current year rolled -back rate (Line 8 divided byline 9, multiplied by 1,000)
0.4390 per $1,000
(10)
Calculate maximum millage levy
11.
Rolled -back rate to be used for maximum millage levy calculation
(Enter Line 10 if adjusted or else enter Line 2)
0.4390 per $1,000
(11)
12.
Adjustment for change in per capita Florida personal income (See Line 12 Instructions)
1.0613
(12)
13.
Majority vote maximum millage rate allowed (Line 11 multiplied by Line 72)
0.4659 per $1,000
(13)
14.
Two-thirds vote maximum millage rate allowed (Multiply Line 13 by 7.70)
0.5125 per $1,000
(14)
15.
Current year adopted millage rate
0.0000 per $1,000
(15)
16.
Minimum vote required to levy adopted millage: (Check one)
(16)
a. Majority vote of the governing body: Check here if Line 15 is less than or equal to Line 13. The maximum millage rate is equal
to the majority vote maximum rate. Enter Line 13 on Line 17.
❑ b. Two-thirds vote of governing body: Check here if Line 15 is less than or equal to Line 14, but greater than Line 13. The
maximum millage rate is equal to adopted rate. Enter Line 15 on Line 17.
Unanimous vote of the governing body, or 3/4 vote if nine members or more: Check here if Line 15 is greater than Line 14.
El The
The maximum millage rate is equal to the adopted rate. Enter Line 15 on Line 17.
❑ d. Referendum: The maximum millage rate is equal to the adopted rate. Enter Line 15 on Line 17.
17
The selection on Line 16 allows a maximum millage rate of
(Enter rate indicated by choice on Line 76).
0.4659 per $1,000
(17)
18.
Current year gross taxable value from Current Year Form DR-420, Line 4
$ 24,602,533,803
(18)
Continued on page 2
Taxing Authority:
DR-420MM
R. 5/12
Page 2
19.
Current year adopted taxes (Line 15 multiplied byline 78, divided by 7,000).
$ 0
(19)
20.
Total taxes levied at the maximum millage rate (Line 77multiplied byline 18, divided
$ 11,462,320
(20)
by 7,000).
DEPENDENT SPECIAL DISTRICTS AND MSTUs
I
STOP HERE. SIGN AND SUBMIT.
21
Enter the current year adopted taxes of all dependent special districts & MSTUs levying
$
(21)
a millage . (The sum of all Lines 19 from each district's Form DR-420MM)
0
22.
Total current year adopted taxes (Line 19 plus Line 27).
$ 0
(22)
Total Maximum Taxes
23
Enter the taxes at the maximum millage of all dependent special districts & MSTUs
$ 0
(23)
levying a millage (The sum of all Lines 20 from each district's Form DR-420MM).
24.
Total taxes at maximum millage rate (Line 20 plus Line 23).
$ 11,462,320
(24)
Total Maximum Versus Total Taxes Levied
25
Are total current year adopted taxes on Line 22 equal to or less than total taxes at the
YES 0 NO
(25)
maximum millage rate on Line 24? (Check one)
I certify the millages and rates are correct to the best of my knowledge. The millages
Taxing Authority Certification
comply with the provisions of s. 200.065 and the provisions of either s. 200.071 or s.
200.081, F.S.
S
Signature of Chief Administrative Officer :
Date
I
G
N
Title:
Contact Name and Contact Title:
CHRISTINA CRESPI, EXECUTIVE DIRECTOR
IVONNE BERRIOS, CHIEF OPERATING OFFICER
H
E
Mailing Address:
Physical Address:
R
200 S. BISCAYNE BLVD, STE 2929
200 S. BISCAYNE BLVD., SUITE 2929
E
City, State, Zip:
Phone Number:
Fax Number:
MIAMI, FL 33131
(305)579-6675
(305)371-2423
Complete and submit this form to the Department of Revenue with the completed
DR-487, Certification of Compliance, within 30 days of the final hearing.
Instructions on page 3
MAXIMUM MILLAGE LEVY CALCULATION
FINAL DISCLOSURE
INSTRUCTIONS
General Instructions
Each of the following taxing authorities must
complete a DR-420MM.
• County
• Municipality
• Special district dependent to a county or
municipality
• County MSTU
• Independent special district, including water
management districts
• Water management district basin
Voting requirements for millages adopted by a
two-thirds or a unanimous vote are based on the
full membership of the governing body, not on
the number of members present at the time of
the vote.
This form calculates the maximum tax levy for
2022 allowed under s. 200.065(5), F.S. Counties
and municipalities, including dependent special
districts and MSTUs, which adopt a tax levy at the
final hearing higher than allowed under s.
200.065, F.S., may be subject to the loss of their
half -cent sales tax distribution.
DR-420MM shows the maximum millages and
taxes levied based on your adoption vote. Each
taxing authority must complete, sign, and submit
this form to the Department of Revenue with
their completed DR-487, Certification of
Compliance, within 30 days of their final hearing.
Taxing authorities must also submit DR-487V,
Vote Record for Final Adoption of Millage Levy. This
form certifies to the Department of Revenue the
vote on the resolution or ordinance stating the
millage rate adopted at the final hearing.
Specific tax year references in this form are
updated each year by the Department.
Line Instructions
Lines 5-10
DR-420M M
R. 5/12
Page 3
Only taxing authorities that levied a 2021 millage rate less
than their maximum majority vote rate must complete
these lines. The adjusted rolled -back rate on Line 10 is the
rate that would have been levied if the maximum vote rate
for 2021 had been adopted. If these lines are completed,
enter the adjusted rate on Line 11.
Line 12
This line is entered by the Department of Revenue. The
same adjustment factor is used statewide by all taxing
authorities. It is based on the change in per capita Florida
personal income (s. 200.001(8)(i), F.S.), which Florida Law
requires the Office of Economic and Demographic
Research to report each year.
Lines 13 and 14
Millage rates are the maximum that could be levied with a
majority or two-thirds vote of the full membership of the
governing body. With a unanimous vote of the full
membership (three -fourths vote of the full membership if
the governing body has nine or more members) or a
referendum, the maximum millage rate that can be levied
is the taxing authority's statutory or constitutional cap.
Line 16
Check the box for the minimum vote necessary at the final
hearing to levy your adopted millage rate.
Line 17
Enter the millage rate indicated by the box checked in Line
16. If the adopted millage rate is equal to or less than the
majority vote maximum millage rate, enter the majority
vote maximum. If a two-thirds vote, a unanimous vote, or a
referendum is required, enter the adopted millage rate. For
a millage requiring more than a majority vote, the adopted
millage rate must be entered on Line 17, rather than the
maximum rate, so that the comparisons on Lines 21
through 25 are accurate.
All TRIM forms for taxing authorities are available on our website at
http://floridarevenue.com/property/Pages/Forms.aspx
Reset Form
5 MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
FLORIDA For municipal governments, counties, and special districts
Print Form
DR-420MM-P
R. 5/12
Rule 12D-16.002
Florida Administrative Code
Effective 11/12
Year: 2022
County: MIAMI-DADE
Principal Authority:
Downtown Dev. Authority of The City of Miami
Taxing Authority:
DADE CO DOWNTOWN DEV AUTH
1
�ls your taxing authority a municipality or independent special district that has levied
ad valorem taxes for less than 5 years?
Yes❑
No
(1)
IF YES, a STOP HERE. SIGN AND SUBMIT. You are not subject to a millage limitation.
2.
Current year rolled -back rate from Current Year Form DR-420, Line 16
0.4246 per $1,000
(2)
3.
Prior year maximum millage rate with a majority vote from 2021 Form DR-420MM, Line 13
0.4840 per $1,000
(3)
4.
Prior year operating millage rate from Current Year Form DR-420, Line 10
0.4681 per $1,000
(4)
If Line 4 is equal to or greater than Line 3, skip to Line 11. If less, continue to Line 5.
Adjust rolled -back rate based on prior year majority -vote maximum millage rate
5.
Prior year final gross taxable value from Current Year Form DR-420, Line 7
$ 22,006,052,233
(5)
6
Prior year maximum ad valorem proceeds with majority vote
(Line 3 multiplied by Line 5 divided by 1,000)
$ 10,650,929
(6)
7
Amount, if any, paid or applied in prior year as a consequence of an obligation
measured by a dedicated increment value from Current Year Form DR-420 Line 12
$ 0
(7)
8.
Adjusted prior year ad valorem proceeds with majority vote (Line 6 minus Line 7)
$ 10,650,929
(8)
9.
Adjusted current year taxable value from Current Year form DR-420 Line 15
$ 24,259,905,056
(9)
10.
Adjusted current year rolled -back rate (Line 8 divided byline 9, multiplied by 1,000)
0.4390 per $1,000
(10)
Calculate maximum millage levy
11.
Rolled -back rate to be used for maximum millage levy calculation
(Enter Line 10 if adjusted or else enter Line 2)
0.4390 per $1,000
(11)
12.
Adjustment for change in per capita Florida personal income (See Line 12 Instructions)
1.0613
(12)
13.
Majority vote maximum millage rate allowed (Line 11 multiplied by Line 72)
0.4659 per $1,000
(13)
14.
Two-thirds vote maximum millage rate allowed (Multiply Line 13 by 7.70)
0.5125 per $1,000
(14)
15.
Current year proposed millage rate
0.4681 per $1,000
(15)
16.
Minimum vote required to levy proposed millage: (Check one)
(16)
a. Majority vote of the governing body: Check here if Line 15 is less than or equal to Line 13. The maximum millage rate is equal
El to the majority vote maximum rate. Enter Line 13 on Line 17.
❑ b. Two-thirds vote of governing body: Check here if Line 15 is less than or equal to Line 14, but greater than Line 13. The
maximum millage rate is equal to proposed rate. Enter Line 15 on Line 17.
c. Unanimous vote of the governing body, or 3/4 vote if nine members or more: Check here if Line 15 is greater than Line 14.
El The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17.
❑ d. Referendum: The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17.
17
The selection on Line 16 allows a maximum millage rate of
(Enter rate indicated by choice on Line 7 6)
0.4681 per $1,000
(17)
18.
Current year gross taxable value from Current Year Form DR-420, Line 4
$ 24,602,533,803
(18)
Continued on page 2
Taxing Authority:
DR-420MM-P
DADE CO DOWNTOWN DEV AUTH
R. 5/12
Page 2
19.
Current year proposed taxes (Line 15 multiplied byline 78, divided by 7,000)
$ 11,516,446
(19)
20'
Total taxes levied at the maximum millage rate (Line 17multiplied byline 18, divided
$ 11,516,446
(20)
by 7,000)
DEPENDENT SPECIAL DISTRICTS AND MSTUs
I
STOP HERE. SIGN AND SUBMIT.
21
Enter the current year proposed taxes of all dependent special districts & MSTUs levying
$
(21)
a millage . (The sum of all Lines 19 from each district's Form DR-420MM-P)
0
22.
Total current year proposed taxes (Line 19 plus Line21)
$ 11,516,446
(22)
Total Maximum Taxes
23
Enter the taxes at the maximum millage of all dependent special districts & MSTUs
$ 0
(23)
levying a millage (The sum of all Lines 20 from each district's Form DR-420MM-P)
24.
Total taxes at maximum millage rate (Line 20 plus Line 23)
$ 11,516,446
(24)
Total Maximum Versus Total Taxes Levied
25
Are total current year proposed taxes on Line 22 equal to or less than total taxes at the
Z YES NO
(25)
maximum millage rate on Line 24? (Check one)
I certify the millages and rates are correct to the best of my knowledge. The millages
Taxing Authority Certification
comply with the provisions of s. 200.065 and the provisions of either s. 200.071 or s.
S
200.081, F.S.
Signature of Chief Administrative Officer:
Date:
G
N
Electronically Certified by Taxing Authority
7/29/2022 3:39 PM
Title:
Contact Name and Contact Title:
H
CHRISTINA CRESPI, EXECUTIVE DIRECTOR
IVONNE BERRIOS, CHIEF OPERATING OFFICER
E
R
Mailing Address:
Physical Address:
E
200 S. BISCAYNE BLVD, STE 2929
200 S. BISCAYNE BLVD., SUITE 2929
City, State, Zip:
Phone Number:
Fax Number:
MIAMI, FL 33131
(305)579-6675
(305)371-2423
Complete and submit this form DR-420MM-P, Maximum Millage Levy Calculation -Preliminary Disclosure, to
your property appraiser with the form DR-420, Certification of Taxable Value.
Instructions on page 3
MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
INSTRUCTIONS
General Instructions
Each of the following taxing authorities must
complete a DR-420MM-P.
• County
• Municipality
• Special district dependent to a county or
municipality
• County MSTU
• Independent special district, including water
management districts
• Water management district basin
Voting requirements for millages adopted by a
two-thirds or a unanimous vote are based on the
full membership of the governing body, not on
the number of members present at the time of
the vote.
This form calculates the maximum tax levy for
2022 allowed under s. 200.065(5), F.S. Counties
and municipalities, including dependent special
districts and MSTUs, which adopt a tax levy at the
final hearing higher than allowed under s.
200.065, F.S., may be subject to the loss of their
half -cent sales tax distribution.
DR-420MM-P shows the preliminary maximum
millages and taxes levied based on your
proposed adoption vote. Each taxing authority
must complete, sign, and submit this form to
their property appraiser with their completed
DR-420, Certification of Taxable Value.
The vote at the final hearing and the resulting
maximum may change. After the final hearing,
each taxing authority will file a final Form
DR-420MM, Maximum Millage Levy Calculation
Final Disclosure, with Form DR-487, Certification
of Compliance, with the Department of Revenue
Specific tax year references in this form are
updated each year by the Department.
Line Instructions
Lines 5-10
DR-420M M-P
R. 5/12
Page 3
Only taxing authorities that levied a 2021 millage rate less
than their maximum majority vote rate must complete these
lines. The adjusted rolled -back rate on Line 10 is the rate
that would have been levied if the maximum vote rate for
2021 had been adopted. If these lines are completed, enter
the adjusted rate on Line 11.
Line 12
This line is entered by the Department of Revenue. The
same adjustment factor is used statewide by all taxing
authorities. It is based on the change in per capita Florida
personal income (s. 200.001(8)(i), F.S.), which Florida Law
requires the Office of Economic and Demographic Research
to report each year.
Lines 13 and 14
Millage rates are the maximum that could be levied with a
majority or two-thirds vote of the full membership of the
governing body. With a unanimous vote of the full
membership (three -fourths vote of the full membership if
the governing body has nine or more members) or a
referendum, the maximum millage rate that can be levied is
the taxing authority's statutory or constitutional cap.
Line 16
Check the box for the minimum vote necessary at the final
hearing to levy your adopted millage rate.
Line 17
Enter the millage rate indicated by the box checked in Line
16. If the proposed millage rate is equal to or less than the
majority vote maximum millage rate, enter the majority vote
maximum. If a two-thirds vote, a unanimous vote, or a
referendum is required, enter the proposed millage rate. For
a millage requiring more than a majority vote, the proposed
millage rate must be entered on Line 17, rather than the
maximum rate, so that the comparisons on Lines 21 through
25 are accurate.
All TRIM forms for taxing authorities are available on our website at
http://floridarevenue.com/property/Pages/Forms.aspx
z
0
i
a
kiln
FLORIDA
CERTIFICATION OF FINAL TAXABLE VALUE
Reset Form Print Form
DR-422
R. 5/13
Rule 12D-16.002
Florida Administrative Code
Effective 5/13
Provisional
Year: 2022
1 County: MIAMI-DADE Is
VAB still in session? Yes No
Principal Authority : Check
Downtown Dev. Authority of The City of Miami
type :
❑ School District County Municipality
ZIndependent Special District Water Management District
Taxing Authority: Check
DADE CO DOWNTOWN DEV AUTH❑
type :
Principal Authority MSTU
❑ Dependent Special District ❑ Water Management District Basin
SECTION I : COMPLETED BY PROPERTY APPRAISER
1.
Current year gross taxable value from Line 4, Form DR-420
$ 24,602,533,803
(1)
2.
Final current year gross taxable value from Form DR-403 Series
$ 0
(2)
3.
Percentage of change in taxable value (Line 2 divided by Line 1, minus 1, multiplied by 100)
-100.00 %
(3)
The taxing authority must complete this form and return it to the property appraiser by
time date
Property Appraiser Certification
I certify the taxable values above are correct to the best of my knowledge.
SIGN
HERE
Signature of Property Appraiser:
Date:
SECTION II : COMPLETED BY TAXING AUTHORITY
MILLAGE RATE ADOPTED BY RESOLUTION OR ORDINANCE AT FINAL BUDGET HEARING UNDER s. 200.065(2)(d), F.S.
If this portion of the form is not completed in full your taxing authority will be denied TRIM certification and possibly lose its millage
levy privilege for the tax year. If any line is inapplicable, enter N/A or -0-.
Non -Voted Operating Millage Rate (from resolution or ordinance)
4a.
County or municipal principal taxing authority
0.0000 per $1,000
(4a)
4b.
Dependent special district
0.0000 per $1,000
(4b)
4c.
Municipal service taxing unit (MSTU)
0.0000 per $1,000
(4c)
4d.
Independent Special District
0.0000 per $1,000
(4d)
4e.
School district Required Local Effort
0.0000 per $1,000
(4e)
Capital Outlay
0.0000 per $1,000
Discretionary Operating
0.0000 per $1,000
Discretionary Capital Improvement
0.0000 per $1,000
0.0000
Additional Voted Millage
0.0000 per $1,000
4f.
Water management district District Levy
0.0000 per $1,000
(40
Basin
0.0000 per $1,000
Are you going to adjust adopted millage ?
❑ YES
❑ NO
If No, STOP HERE, Sign and Submit.
Continued on page 2
Taxing Authority:
DR-422
R. 5/13
Page 2
COUNTIES, MUNICIPALITIES, SCHOOLS, and WATER MANAGEMENT DISTRICTS may adjust the non -voted millage rate only if the
percentage on Line 3 is greater than plus or minus 1 %. (s. 200.065(6), F.S)
5
Unadjusted gross ad valorem proceeds
$
5)
(Line 1 multiplied by Line 4a, 4e, or4fas applicable, divided by 1,000)
0
6
Adjusted millage rate (Only if Line 3 is greater than plus or minus 1 %)
per $1000
(6)
(Line 5 divided by Line 2 multiplied by 1,000)
0.0000
MSTUs,
DEPENDENT SPECIAL DISTRICTS, and INDEPENDENT SPECIAL DISTRICTS may adjust the non -voted millage rate only if
the
percentage on Line 3 is greater than plus or minus 3% (s. 200.065(6), F.S.)
7
Unadjusted gross ad valorem proceeds
$
7)
(Line 1 multiplied by Line 4b, 4c, or4d as applicable, divided by 1,000)
0
8
Adjusted Millage rate (Only if Line 3 is greater than plus or minus 3%)
per $1000
(8)
(Line7divided byLine2, multiplied by 1,000)
0.0000
I certify the millages and rates are correct to the best of my knowledge. The millages
Taxing Authority Certification
comply with the provisions of s. 200.065 and the provisions of either s. 200.071 or s.
S
200.081, F.S.
Signature of Chief Administrative Officer:
Date:
G
N
Title:
Contact Name and Contact Title:
CHRISTINA CRESPI, EXECUTIVE DIRECTOR
IVONNE BERRIOS, CHIEF OPERATING OFFICER
H
E
Mailing Address:
Physical Address:
200 S. BISCAYNE BLVD, STE 2929
200 S. BISCAYNE BLVD., SUITE 2929
R
E
City, State, Zip:
Phone Number:
Fax Number:
MIAMI, FL 33131
(305)579-6675
(305)371-2423
INSTRUCTIONS
SECTION I: Property Appraiser
1. Initiate a separate DR-422 form for each DR420, Certification of Taxable Value, and DR-420S, Certification of School
Taxable Value, submitted.
2. Complete Section 1 and sign.
3. Send the original to the taxing authority and keep a copy.
SECTION II: Taxing Authority
1. Complete Section II and sign.
2. Return the original to the property appraiser.
3. Keep a copy for your records.
4. Send a copy to the tax collector.
5. Send a copy with the DR-487, Certification of Compliance, to the Department of Revenue at the address below. Send
separately if the DR-487 was previously sent to the Department.
Florida Department of Revenue
Property Tax Oversight - TRIM Section
P. O. Box 3000
Tallahassee, Florida 32315 - 3000
All taxing authorities must complete Line 4, millages adopted by resolution/ordinance at final budget hearing.
Counties, municipalities, schools, and water management districts may complete Line 5 and Line 6 only when Line 3 is greater than plus or
minus 1%. (s. 200.065(6), F.S.)
MSTUs, dependent special districts, and independent special districts may adjust the non -voted millage rate only when Line 3 is greater than
plus or minus 3%. (s. 200.065(6), F.S.)
Adjusted millage rate must comply with statutes. The adjusted millage rate entered on Line 6 or Line 8 cannot exceed the rate allowed by other
provisions of law or the state constitution.
Multi -county and water management districts must complete a separate DR-422 for each county.
All TRIM forms for taxing authorities are available on our website at
http://dor.myflorida.com/dor/property/trim
z
0
i
a
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FLORIDA
CERTIFICATION OF FINAL TAXABLE VALUE
Reset Form Print Form
DR-422
R. 5/13
Rule 12D-16.002
Florida Administrative Code
Effective 5/13
Provisional
Year: 2022
1 County: MIAMI-DADE Is
VAB still in session? Yes No
Principal Authority : Check
Downtown Dev. Authority of The City of Miami
type :
❑ School District County Municipality
ZIndependent Special District Water Management District
Taxing Authority: Check
DADE CO DOWNTOWN DEV AUTH❑
type :
Principal Authority MSTU
❑ Dependent Special District ❑ Water Management District Basin
SECTION I : COMPLETED BY PROPERTY APPRAISER
1.
Current year gross taxable value from Line 4, Form DR-420
$ 24,602,533,803
(1)
2.
Final current year gross taxable value from Form DR-403 Series
$ 0
(2)
3.
Percentage of change in taxable value (Line 2 divided by Line 1, minus 1, multiplied by 100)
-100.00 %
(3)
The taxing authority must complete this form and return it to the property appraiser by
time date
Property Appraiser Certification
I certify the taxable values above are correct to the best of my knowledge.
SIGN
HERE
Signature of Property Appraiser:
Date:
SECTION II : COMPLETED BY TAXING AUTHORITY
MILLAGE RATE ADOPTED BY RESOLUTION OR ORDINANCE AT FINAL BUDGET HEARING UNDER s. 200.065(2)(d), F.S.
If this portion of the form is not completed in full your taxing authority will be denied TRIM certification and possibly lose its millage
levy privilege for the tax year. If any line is inapplicable, enter N/A or -0-.
Non -Voted Operating Millage Rate (from resolution or ordinance)
4a.
County or municipal principal taxing authority
0.0000 per $1,000
(4a)
4b.
Dependent special district
0.0000 per $1,000
(4b)
4c.
Municipal service taxing unit (MSTU)
0.0000 per $1,000
(4c)
4d.
Independent Special District
0.0000 per $1,000
(4d)
4e.
School district Required Local Effort
0.0000 per $1,000
(4e)
Capital Outlay
0.0000 per $1,000
Discretionary Operating
0.0000 per $1,000
Discretionary Capital Improvement
0.0000 per $1,000
0.0000
Additional Voted Millage
0.0000 per $1,000
4f.
Water management district District Levy
0.0000 per $1,000
(40
Basin
0.0000 per $1,000
Are you going to adjust adopted millage ?
❑ YES
❑ NO
If No, STOP HERE, Sign and Submit.
Continued on page 2
Taxing Authority:
DR-422
R. 5/13
Page 2
COUNTIES, MUNICIPALITIES, SCHOOLS, and WATER MANAGEMENT DISTRICTS may adjust the non -voted millage rate only if the
percentage on Line 3 is greater than plus or minus 1 %. (s. 200.065(6), F.S)
5
Unadjusted gross ad valorem proceeds
$
5)
(Line 1 multiplied by Line 4a, 4e, or4fas applicable, divided by 1,000)
0
6
Adjusted millage rate (Only if Line 3 is greater than plus or minus 1 %)
per $1000
(6)
(Line 5 divided by Line 2 multiplied by 1,000)
0.0000
MSTUs,
DEPENDENT SPECIAL DISTRICTS, and INDEPENDENT SPECIAL DISTRICTS may adjust the non -voted millage rate only if
the
percentage on Line 3 is greater than plus or minus 3% (s. 200.065(6), F.S.)
7
Unadjusted gross ad valorem proceeds
$
7)
(Line 1 multiplied by Line 4b, 4c, or4d as applicable, divided by 1,000)
0
8
Adjusted Millage rate (Only if Line 3 is greater than plus or minus 3%)
per $1000
(8)
(Line7divided byLine2, multiplied by 1,000)
0.0000
I certify the millages and rates are correct to the best of my knowledge. The millages
Taxing Authority Certification
comply with the provisions of s. 200.065 and the provisions of either s. 200.071 or s.
S
200.081, F.S.
Signature of Chief Administrative Officer:
Date:
G
N
Title:
Contact Name and Contact Title:
CHRISTINA CRESPI, EXECUTIVE DIRECTOR
IVONNE BERRIOS, CHIEF OPERATING OFFICER
H
E
Mailing Address:
Physical Address:
200 S. BISCAYNE BLVD, STE 2929
200 S. BISCAYNE BLVD., SUITE 2929
R
E
City, State, Zip:
Phone Number:
Fax Number:
MIAMI, FL 33131
(305)579-6675
(305)371-2423
INSTRUCTIONS
SECTION I: Property Appraiser
1. Initiate a separate DR-422 form for each DR420, Certification of Taxable Value, and DR-420S, Certification of School
Taxable Value, submitted.
2. Complete Section 1 and sign.
3. Send the original to the taxing authority and keep a copy.
SECTION II: Taxing Authority
1. Complete Section II and sign.
2. Return the original to the property appraiser.
3. Keep a copy for your records.
4. Send a copy to the tax collector.
5. Send a copy with the DR-487, Certification of Compliance, to the Department of Revenue at the address below. Send
separately if the DR-487 was previously sent to the Department.
Florida Department of Revenue
Property Tax Oversight - TRIM Section
P. O. Box 3000
Tallahassee, Florida 32315 - 3000
All taxing authorities must complete Line 4, millages adopted by resolution/ordinance at final budget hearing.
Counties, municipalities, schools, and water management districts may complete Line 5 and Line 6 only when Line 3 is greater than plus or
minus 1%. (s. 200.065(6), F.S.)
MSTUs, dependent special districts, and independent special districts may adjust the non -voted millage rate only when Line 3 is greater than
plus or minus 3%. (s. 200.065(6), F.S.)
Adjusted millage rate must comply with statutes. The adjusted millage rate entered on Line 6 or Line 8 cannot exceed the rate allowed by other
provisions of law or the state constitution.
Multi -county and water management districts must complete a separate DR-422 for each county.
All TRIM forms for taxing authorities are available on our website at
http://dor.myflorida.com/dor/property/trim
RESOLUTION NO. 025/2022
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE MIAMI
DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI,
FLORIDA ("MIAMI DDA") APPROVING THE PRELIMINARY ANNUAL
BUDGET OF THE MIAMI DDA FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 2022, AND ENDING SEPTEMBER 30, 2023; REQUESTING THAT
THE MIAMI CITY COMMISSION ESTABLISH THE MILLAGE TO SUPPORT
THE FINANCIAL REQUIREMENTS OF THE BUDGET; AUTHORIZING THE
EXECUTIVE DIRECTOR OF THE MIAMI DDA TO EXPEND FUNDS AS
PROVIDED IN THE BUDGET; DIRECTING THE EXECUTIVE DIRECTOR TO
FILE A DETAILED STATEMENT OF THE PROPOSED EXPENDITURES AND
ESTIMATED REVENUES FOR THE FISCAL YEAR BEGINNING OCTOBER 1,
2022, AND ENDING SEPTEMBER 30, 2023, WITH THE CITY CLERK OF THE
CITY OF MIAMI ("CLERK") AFTER ADOPTION AND ESTABLISHMENT OF
THE MILLAGE BY THE MIAMI CITY COMMISSION; AND FURTHER
PROVIDING THAT A COPY OF THIS RESOLUTION BE FILED WITH THE
CLERK.
WHEREAS, the Miami Downtown Development Authority of the City of Miami, Florida
("Miami DDA") has prepared a preliminary budget for the Fiscal Year beginning October 1, 2022,
and ending September 30, 2023, ("Fiscal Year"); and
WHEREAS, the Board of Directors of the Miami DDA has reviewed said budget on the
Estimated Tax Roll provided by Miami -Dade County; and
WHEREAS, the Board of Directors of the Miami DDA finds that the proposed budget is
necessary in order to further the objectives of the Miami DDA, as authorized by the Code of the
City of Miami, Florida, as amended;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
MIAMI DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are
adopted by reference and incorporated as if fully set forth in this Section.
Section 2. The preliminary budget of the Miami Downtown Development Authority
of the City of Miami, Florida ("Miami DDA"), as submitted by the Executive Director, is made
part of this Resolution, is hereby approved, and shall be known as the "Annual Budget of the Miami
Downtown Development Authority: Fiscal Year October 1, 2022, through September 30, 2023."
Section 3. The following appropriations for the Fiscal Year beginning October 1,
2022, and ending September 30, 2023, are hereby made for the purpose of financing the operations
and other legal and proper purposes of the Miami DDA:
8UDGET SUMMARY
The ✓ A-A�Wn E+ %WOpment Ata nW Of City of Mg— Fioridn
Ra Yew -022-2023
_GENERALFUNO
F-Ue 5-
-Ad Valc==-em Tax Levy 0."81 N INO. per 3MGQ S 11,520,000
Revnbursemenb 4.942,000
Total Revenues 16.462.000
Reserve and Canr 2.263.000
Total Revenues and Balancas 1&125,000
Operating Eapendtures
General Eaperczs
4,334,SW
leaderstpp,Advotatyand Operationx
1,281.500
16bWISM
9,199,W0
Enterprise
3,335.000
Total Open" Eapendnwes
1&149.000
Fund Balaraes and Reserves 576,000
TOM] Eapendnuses, R—ft, and Baftmes 1&715.000
The antative, adopted, mrdlo fiW budgeb are as fate inthe off" a4 the
above rote-4 w*K audwdty a: a pubAt —d,
Section 4. The Executive Director is directed to submit a copy of this preliminary
budget as well as this Resolution to the Miami City Commission and to request the Miami City
Commission to adopt said preliminary budget and establish the millage as authorized by law to
support the financial requirements of this budget.
Section 5. The Executive Director is authorized to expend funds, including new
salary rates, as provided in said budget, after adoption and establishment of the millage by the
Miami City Commission for the Fiscal Year beginning October 1, 2022.
Section 6. The Executive Director is directed to prepare and file with the City Clerk
of the City of Miami ("Clerk") a detailed statement of the proposed expenditures and estimated
revenues for the Fiscal Year 2022-2023, which shall be titled "Annual Budget of the Miami
Downtown Development Authority: Fiscal Year October 1, 2022, through September 30, 2023."
Section 7. The Executive Director is directed to forward a copy of this Resolution
and the attachments to the Clerk after adoption of the millage by the Miami City Commission.
Section 8. This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED this 15th day of July, 2022.
4_- _
Commissioner ManolO Reyes, Chairman
Christina Crespi, Executive Director
" A
Ivonne de la Vega
Secretary to the Board of the