HomeMy WebLinkAboutR-99-0623•
J-99-687
8/18/99
RESOLUTION NO.' 9 623
A RESOLUTION OF THE MIAMI CITY COMMISSION,
WITH ATTACHMENT(S), APPROVING AND ADOPTING
THE ANNUAL BUDGET OF THE MIAMI SPORTS AND
EXHIBITION AUTHORITY, IN THE AMOUNT
OF $735,000, FOR THE FISCAL YEAR
COMMENCING OCTOBER 1, 1999 AND ENDING
SEPTEMBER 30, 2000.
WHEREAS, Section 2-1020 of the Code of the City of Miami,
Florida, as amended, provides that the Miami Sports and
Exhibition Authority ("MSEA") establish a fiscal year which
coincides with that of the City of Miami and that the MSEA budget
request be submitted for approval by the City Commission; and
WHEREAS, on July 14, 1999, the proposed budget for the
fiscal year 1999/2000 was reviewed and...approved by MSEA; and
WHEREAS, the proposed budget, attached hereto, identifies
categories for compensation and benefits, administrative,
professional .and consultant services, and capital expenditures
totaling $735,000; and
WHEREAS, the categories reflected in the projected budget
comply with the required mandates which were established to
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SEP � 15 1999
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facilitate the development of public facilities necessary for the
expansion and promotion of professional and international sports,
convention and exhibition related activities, and other events
which contribute to economic and social growth in the City of
Miami, with the appropriate portion of Convention Development Tax
receipts and authority revenues being used to satisfy the demands
of said budget; and
WHEREAS, the Fiscal Year 1999-2000 proposed budget in the
amount of $735,000 represents a $45,000 increase over that of
Fiscal Year 1998-1999;
NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY
OF MIAMI, FLORIDA:
Section 1. The recitals and finding contained in the
Preamble to this Resolution are hereby adopted by reference
thereto and incorporated herein as if fully set forth in this
Section.
Section 2. The Miami Sports and Exhibition Authority
proposed budget for Fiscal Year 1999-2000, attached hereto and
- 2 - 99- 623
incorporated herein, is hereby approved.
Section 3. This Resolution shall become effective
immediately upon its adoption and signature of the Mayor.'/
PASSED AND ADOPTED this 15th day -of. September 1 1999.
JOE CAROLLO, MAYOR
Code Cuf3l:. G's�tir since the, iti i.,\fit".'` 'r�i 11:. it',:i'; ,; "; a `..
in accordance with Miami ,Uir� ieciisiaticr7 / +�cf.�
this legislation by signing it in the designated place provided, sa
becomes effective with the elapse of ten (10) days om the of 00mmi 'on action
regarding same, y0out the Mayor ereisi g to.
ATTEST: W e n, Chy Clerk
WALTER J. FOEMAN
.b
�i If the Mayor does not sign this Resolution, it shall become
effective at the end of ten calendar days from the date it was
passed and adopted. If the Mayor vetoes this Resolution, it
shall become effective immediately upon override of the veto by
the City Commission.
2 -— 6�a.B
MIAMI SPORTS AND EXHIBITION AUTHORITY
Proposed Operating Budget
FISCAL YEAR 1999-2000
Variance
DESCRIPTION
1998-99
1999-00
(Decrease)
Increase
I. COMPENSATION & BENEFITS
COMPENSATION AND BENEFITS
1 Executive Director & CEO "
85,000
85,000
-
2 Finance Director
49,500
54,450
4,950
3 Special Event Coordinator
-
35,000
35,000
4 Administrative Assistant
27,500
30,250
2,750
162,000 204,700
42,700
PAYROLL TAXES AND BENEFITS
-
5 Group Insurance
12,400
16,450
4,050
6 SS/Medicare Contribution
14,580
18,413
3,833
7 Retirement Plan
12,960
16,377
3,417
TOTAL COMPENSATION & BENEFITS 201,940 255,940
54,000
II. ADMINISTRATION
8 Business Meeting Expenses
5,000
5,000
-
9 Business Travel
10,000
10,000
-
10 Car Allowance/Cell Phone/Parking
3,000
3,000
-
11 Conference Registration
5,000
5,000
-
12 Contingencies
15,000
15,000
-
13 Courier/Delivery
1,800
1,800
-
14 Event Sponsorship
10,000
10,000
-
15 Fire Assessment, etc.
6,060
6,060
-
16 General Insurance
4,750
4,750
-
17 Memberships/Subscriptions
2,000
2,000
-
18 Metromover Taxes
3,850
3,850
-
19 Moving Expense
1,000
1,000
-
20 Office Equipment/Maintenance
2,500
2,500
-
21 Office Supplies
3,000
3,000
-
22 Postage
1,000
1,000
-
23 Printing
10,000
10,000
-
24 Promotions/Marketing
250,000
250,000
-
25 Telephone
5,000
5,000
-
TOTAL ADMINISTRATIVE EXPENSES 338,960 338,960 -
III. PROFESSIONAL SERVICES
26 Audit
35,000
20,000
(15,000)
27 Legal Support
50,000
50,000
-
28 Professional Services/Finance
5,600
5,600
-
29 Professional Services/other
50,000
50,000
-
TOTAL PROFESSIONAL SERVICES 140,600 125,600 (15,000)
IV. CAPITAL EXPENDITURES
30 FURNITURE & FIXTURES
3,500
3,500
-
31 OFFICE EQUIPMENT PURCHASES
5,000
11,000
6,000
TOTAL CAPITAL EXPENDITURES 8,500 14,500 6,000
TOTAL OPERATING BUDGET 690,000 735,000 45,000
` The City will be reimbursed for the Executive Director's --Christina Abrams'- time at $45,000 annually from "Professional Services."
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mydocbudget99-2000 sheet.3 8 9- 6123
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MEMORANDUM.
ibitd authority
To: Honorable Mayor and Members of the City Commission
From: Christina P. Abramson
Executive Director
Date: July 14, 1999
Re: Miami Sports and Exhibition Authority Fiscal Year 1999-00
Proposed Administrative Budget
RECOMMENDATION
It is respectfully recommended that the City Commission adopt the attached
resolution approving the Fiscal Year 1999-00 for the Miami Sports and
Exhibition Authority Administrative Budget for proposed operating budget
pursuant to Section 2-1020 of the City Code.
BACKGROUND
The Miami Sports and Exhibition Authority administrative Budget is funded
from certain allocated proceeds of the Convention Development Tax, levied
pursuant to Florida Statue 212.0305, and other Authority revenues.
Section 2.1011 of the City .of Miami Ordinance creating the Miami Sports and
Exhibition Authority requires that a) the City Commission on an annual basis
approve the Miami Sports and Exhibition Authority Administrative Budget
and b) that the Authority establish a fiscal year coinciding with that of the
City of Miami.
400 S.E. 2nd Avenue; Miami, Florida 33131 t305) 350-7861/Fax i3051 350-7867 2)
July 14, 1999
Honorable Mayor and Members
of the City Commission
Page 2
At its meeting on July 14, 1999; .the Miami Sports and Exhibition Authority
adopted a Proposed ..Fiscal Year 1999-00 Administrative Budget in ' the
amount of $735,00, which is attached hereto for your review. ' This budget
identifies the requirements for compensation and benefits, administration,
professional and consultant services, ,and capital expenditures for the
operations of the Authority and represents an approximately a 6% increase
over last years budget.
Actual expenditures are monitored on a monthly basis pursuant to Chapter
2-1015 of the Authority Ordinance. The Executive Director is required to
report on a monthly basis to the Authority and prepare a statement of current
and year to date expenditures in comparison to budget. In addition, a national
accounting firm will be retained to provide complete fiscal year 1999-00 audit
pursuant to section 2-1021 of the Miami Sports and. Exhibition Authority
Ordinance.
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