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HomeMy WebLinkAboutR-98-0151J-98-189 2/9/98 RESOLUTION NO.9 8 151 A RESOLUTION, WITH ATTACHMENT, APPROVING THE MIAMI SPORTS AND EXHIBITION AUTHORITY'S PROPOSED OPERATING BUDGET FOR YEAR ENDING SEPTEMBER 30, 1998, ATTACHED HERETO AND INCORPORATED HEREIN. WHEREAS, City Code provisions requires that the Miami Sports and Exhibition Authority (MSEA) establish a fiscal year coinciding with that of the City of Miami, and that the Operating Budget be submitted for appropriate consideration by the City Commission; and WHEREAS, on February 9, 1998, MSEA approved its 1997/1998 Fiscal Operating Budget; and WHEREAS, the proposed budget, attached hereto, identifies categories for compensation and benefits, administrative, professional and consultant services, and capital expenditures totaling $595,000; and WHEREAS, the categories reflected in the projected budget comply with the required mandates which were established to 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 other authority revenues being used to satisfy the demands of said Budget; IATTACHMENT (S)I CONTAINED CITY Coraamogw MEETING CW FEB 10 1998 8"Ok m LNa NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings 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 Operating Budget for year ending September 30, 1998, attached hereto and incorporated herein, is hereby approved. Section 3. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this loth day of February , 1998. XAVIER . SUAREZ, MAYOR ATTEST: 4ALTIE 0 50AN CITY CLERK PREPARED AND APPROVED BY: RAFAEL 0. DIAZ DEPUTY CITY Al W2268:CSK N EY 2- APPROVED AS TO FORM AND CORRECTNESS: J EL EDWARD AA^ELL I TERIM CITY AT ORNEY 9R- 151 c:Budget98 October MIAMI SPORTS AND EXHIBITION AUTHORITY Proposed Operating Budget FOR YEAR 97-98 DESCRIPTION Amount I. COMPENSATION & BENEFITS COMPENSATION AND BENEFITS Executive Director & CEO 85,000.00 Deputy Director 0.00 Finance Director 45,000.00 Administrative Assistant 25,000.00 Secretary/Bookkeeper 0.00 1 ss'900.00I PAYROLL TAXES AND BENEFITS Group Insurance 13,699.00 FICA/Medicare Contribution 10,850.00 Retirement Plan 12,400.00 Total Taxes & Benefits 36,94900 TOTAL COMPENSATION & BENEFITS II. ADMINISTRATION Business Meeting Expenses 5,000.00 Business Travel 10,000.00 Car Allowance/Parking slow.00'. Conference Registration 6,000.00 Contingencies 50,000.00 Courier/Delivery 1,800.00 VGII�.rIGIF 1lJ3U1'JZlIUG/IdlIGVViS T IdU. 4000.00 Memberships/Subscriptions 1,500.00 Metromover Taxes 3,850.00 Moving Expense 1,000.00 Office Equipment/Mental/Maintenance ,500.00' Office Supplies 2,000.00 Payroll Services 300.00 Postage 400.00 Printing 3,200.00' Promotions/Marketing & Business-A4Ivisory Council Trade, Tourism'& Transportation 160,000.00' Telephone 5,000.00 TOTAL ADMINISTRATIVE EXPENSES 324;55�.ti0 III. PROFESSIONAL SERVICES Audit 35,000.00 Legal Support 25,000.00 Professional Services/Finance 5,000.00 Two Interns 5,000.00 TOTAL PROFESSIONAL SERVICES 10,00000' IV. CAPITAL EXPENDITURES FURNITURE & FIXTURES 3,500.00 OFFICE EQUIPMENT PURCHASES 5,000.00 Tt-TAL CAPITAL EXPEN©IT-14RES. ' 6,500.00'i TOTAL OPERATING BUDGET 595,000.00 8- 151