HomeMy WebLinkAboutM-99-0619ttLi of fflia i, �.[rrrta
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k (, P.O. BOX 330708
3 INEORY_ ORAIEO * �;
MIAM1, FLORIDA 33233-0708
ARTHUR E. TEELE JR. "`'°�~"^. (305) 250-5390
COMMISSIONER --.-«- FAX (305) 250-5399
September 15, 1999
Mr. Donald Warshaw, Manager
City of Miami.
Miami Riverside Center
444 S. W. 2nd Avenue
Miami, Florida 33130
Subject: Budget Adjustments and Omissions
Dear Mr. Warsh4
Based upon my review of the City Budget (FY 2000), [ forward for your consideration
recalculations and adjustments as follows:
OMNI TAX Increment District $ 546,363
SEOPW Redevelopment Trust Fund $1,016,244
An insert for the first reading has been prepared for your convenience along with staffs
calculation supporting the amounts.
Additionally, the entire Community Redevelopment Agency was omitted under
"Authorities/Other Agencies" in the amount of $22,216,211. These budgeted amounts
r
were previously submitted by staff.
I will insure inserts reflecting the above amounts are made available during the first
reading of the budget as necessary recalculated.
Regards.
Sinc elykeeor.
Arthur.
Commissioner of District 5
enc.
C: Richard "Dick" Judy, Executive Director
Clerk of the Board
99- 619
(INSERT PAGE 12A)
APPROPRIATION SUMMARY
COMPARISON BY FUND AND SPENDING AGENCY
Adopted
SPECIAL REVENUE FUND 1998-99
Adjusted Amounts
OMNI Tax Increment District
SEOPW Redevelopment Trust Fund
AUTHORITIES/OTHER AGENCIES
Community Redevelopment Agency
Amended Estimated
199 - 1999-2000
$ 546,363
$1,016,244
$22,216,211
STAFF'S CALCULATIONS
OMNI TAX Increment District:
Base Year 1999 Tax Assessment $ 304,410,708
Preliminary Year 1982 Tax Assessment $(246.898.822)
Tax Assessed Increment $ 57,511,886
@ 95% $ 54,636,292
Divided by 1000 $ 54,636.29
Multiplied by City Milleage rate 10
Appropriation for OMNI Tax Increment District $ 546,363
SEOPW Redevelopment Trust Fund:
Base Year 1999 Tax Assesment $ 117,646,024 .
Preliminary Year 1982 Tax Assessment $( 78.305.502)
Tax Assessed Increment $ 39,340,522
@ 95% $ 37,373,496
Divided by 1000 $ 37,373.5
Multiplied by City Milleage Rate 10
SEOPW Tax Increment Revenues $ 373,735
General Fund Support $ 642,509
Appropriation for SEOPW Redevelopment Trust Fund$ 1,016,244
APPROPRIATION SUMMARY
COMPARISON BY FUND AND SPENDING AGENCY
SPECIAL REVENUE FUND
Community Development
Downtown Development Supplemental Fee
Distressed Neighborhoods
E-911 Emergency System
Environmental Storm Sewer Water Fund
Health Facilities Trust
Housing Conservation,
Impact Fee Administration
Law Enforcement Training Fund
Local Option Gas Tax
Miami Convention Center
Neighborhood Enhancement Teams
Rescue Services
Public Service Taxes
Fire and Police State Insurance Proceeds
*Parks - Developmentally Disabled
*Recreation Activity Consolidated
Fire Assessment Fee
Workforce Development
OMNI Tax Increment District
SEOPW Redevelopment Trust Fund
Total Special Revenue Fund
TRUST AND AGENCY FUNDS
Community Redevelopment Agency
OMNI Tax Increment District
SEOPW Redevelopment Trust Fund
Total Trust & Agency Funds
TOTAL CITY OF MIAMI BUDGET
AUTHORITIES/OTHER AGENCIES
Bayfront Park Management Trust
Department of Off -Street Parking
Downtown Development Authority
Miami Sports and Exhibition Authority
-- Can, rn #At �e �c� —V
For information purses only.
Adopted Amended Estimated
1998-99 1998-99 1999-2000
$ 15,655,000 $
15,655,000 $
42,247,325
18,000
18,000
18,000
-0-
-0-
5,306,934
1,344,000
1,744,000
1,364,160
9,000,000
9,000,000
8,962,242
-01
10,000
-0-
18,033,013
18,033,013
-0-
34,041
34,041
34,041
103,000
103,000
103,000
6,775,138
6,775,138
6,868,219
4,747,750
6,558,250
7,460,343
3,021,126
3,021,126
3,886,356
1,969,029
1,999,000
1,883,795
36,056,646
36,956,646
37,361,306
7,303,000
-0-
-0-
321,097
321,097
272,801
107,650
329,094
317,700
4,272,183
8,544,366
4,272,183
5,716,555
5,716,555
-0-
-0-
-0-
$ 114,477,228 $
114,818,326 $
121,647,805
846,879 -0- -0-
162,165 891,021 -0-
856,221 1,049,137 -0-
$ 1,865,265 $ 1,940,158 $ -0-
$ 457,963,389 $ 470,388,015 $ 470,398,924
$ 3,294,500
$
2,799,500 $
$ 10,07 7,166
$
10,0 7 7,166 $
$ 1,470,000
$
1,470,000 $
$ 650,000
$
690,000 $
• 2,923,500
10, 704, 221
1,686, 761
690,000
12 99- 619