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HomeMy WebLinkAboutR-98-0816J-98-888 8/14/98 RESOLUTION NO. 9 R - S 16 A RESOLUTION, WITH ATTACHMENT, ACCEPTING THE "CITY OF MIAMI BUDGET AND FIVE YEAR PLAN SUMMARY, REVISED - WITH OFF-STREET PARKING, MATRIX 'B', OPTION 1", DATED AUGUST 13, 1998, ATTACHED HERETO AND INCORPORATED HEREIN. BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The "CITY OF MIAMI BUDGET AND FIVE YEAR PLAN SUMMARY, REVISED - WITH OFF-STREET PARKING, MATRIX -B' , OPTION 1", dated August 13, 1998, attached hereto and incorporated herein, is hereby accepted. Section 3. This Resolution shall become effective upon 'LING or AUG 14 1998 R*wktdon No. 99 - 816 its adoption and signature of the Mayor.1/ PASSED AND ADOPTED this 14th day of August , 1998. JOE CAROLLO, MAYOR ATTEST: WALTER J. FO CITY CLE APP D TO F ORRECTNESS: NDRO"OVILARELLO ATTORNEY 856:BSS In ad0rdan0e with Miami Code See. 2-W, since the Mayor did not Indicate approval of this legislation by signing It in the designated place provided, said legislation novi becomes effective with the elapse of ten (10) days f the date of Commissi ction regarding same, without the Mayor e�fercl,�ing�� Walter man, City Clerk 1� 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 not be effective unless the City Commission overrides the veto. 9$- si6 CITY OF MIAMI, FLORIDA INTER -OFFICE MEMORANDUM Irc : GATE FILE Honorable Mayor and Members August 13, 1998 of the City Commission SLOJECT: Structural Deficit Solution FROM : 40 REFERENCES: Wald H. Warshaw City Manager ENCLOSURES: Pursuant to our discussion earlier this week I am enclosing two analyses, with three (3) revenue options, which satisfy the structural deficit of the City . It should be noted that the following revenue options noted below can be revised with the matrix provided to you earlier: 1) Property Taxes 2) Fire Fee 3) Solid Waste DHW/DMP/afa 98- 86 N O 0 0 z 0 v to 00 T CE I N I 1 to 0 M L a) Q E 0 U E 0 3) City of Miami DRAFT Five Year Plan Summary Revised - With Off -Street Parking Option 1 FY 1998 FY 1999 FY 20M FY 2001 FY 2002 FY 2003 Revised Estimated Estimated Estimated Fstimailed Estimated Budget Bud4es gu 9u et Bud Millage at 10mills - 4,T70,084 4,943,114 5.122,976 5.309,944 5,504,300 Staged Hiring - 2,000,000 - - - Unclassiliied Savings - 760,000 750,000 750.000 750,000 750,000 Solid Waste Fee - 1,700,166 1,830,948 3,138,768 4.708,152 5,100,498 Vehicle impoundment Program - 600,000 600,000 600,000 600.000 600,000 Operational Review - (600,000) Fire Fee - 6,829,444 10.890,194 12,551,411 13,289.729 13.289,729 Solid Waste Capital Needs - (1,662,592) (1,682,592) (1,682.692) (1,682,592) (1,682,592) - 14,367.102 17,331,664 20.480,563 22,975,233 23,561,935 94.271 728,088 798.449 663,497 710.555 Difference- Nn wa Statement on a single Fzmily Home Mintage at 1 o mills- Incnmmd by 2% annually S 29.00 $ 29.58 S 30_t 7 $ 30.78 S 31.39 Solid Waste Fees 26.00 28.00 48.00 72.00 78-00 37.00 59.00 68.00 72-00 72.00 Fire Fees $ 92.00 $ 116.58 $ 146.17 $ 174.78 $ 181.39 QverA InmQag on a Single Family Home Solid Waste Fees 214.00 216.00 236.00 260.00 266-� Fire Fees 61.00 83.00 92.00 96.00 96.00 8114198 3.33 PM �J d-16 City of Miami DRAFT Five Year Plan Summary Matrix B Revised - With off -Street Parking FY 19W FY 1999 FY 2000 FY 2001 FY 2002 F1" 2003 Revised Estimated Estimated Estimated Estimated Esitated pescriation $308,504.W ) Budslst 909e< $ 269,947.668 $ 279,028,877 $ 278,835;133 $ 280,446,688 $ 286,404,572 Revenues 308,504,940 2B5:849,832 296,700,417 302,328,811 307.809,999 31,4,691,(78 Expenditures Difference - S t ,90 ,164) i 7, 1, ) S {23: ) (27, 3, ) S (29. ,5ffi) Restatement $ - S 2,512,669 $ 3,588.727 S 4.739,903 $ 5; 967,073 3 2000 Forecast of Property Taxes - (2,000,000) (4,OOp,000) (4,000,000) ) Lease Revenues: Knight Center - (,000,000) (2,000,000) (2,000,000) ,2:000,000) Lease Revenues: off -Street Parking Center - 2: 12, S 11, ) 2 .09 .927 t_27 ,29t Sub -Total $ - S Revised S CWR Problem Revenues ;308,504,940 S 272,460,337 $ 276,617,f# $ 277,575:036 i 280,413,761 $ 2i56,681.863 venditures 308.504,940 285,549,832 296,700.417 302,328,811 307.809,999 3-4.691,078 Difference - S {7 ,31fl. {20, 1813} S (?A 753, 75) ( .396,238) 9 {28,009,215 Revisions f IlIfIgA v 3 - $ 4.385,226 S 5.925,532 S 6:100,000 S 6,200.000 Police - Grants 1 Attrition S - - 200,000 200,000 200,000 200,000 228,175 Professional Services - 28.175 28,175 28,175 28,175 Mayor's Budget Reduction 108,470 108,470 108,470 108:470 08,170 108,470 Cornmissionefs Budget Reduction - - (530,925) (530:925) (530,926) (530,925) (530,925) Construction Debris Fee - (108,924) (108,924) (108,924) (108,924) (108.924) Supplemental Waste Fens 2,275.000 2,317.000 2,410,000 2,294,000 2,213'0 DD Off - SOeet Parking Sub -Total S - S 97 ,7 S S, 8 1 96 General Fund urnma S3pg,�,g40 $ 274,095,488 $ 278,294,755 i 279,345,187 $ 282,067,912 $ 28B,255: 3D8,026,133 Revenues Expenditures 308.504.940 285,513,187 S 11,417,699 291,978,546 5 (13,683,791) 296,066,634 $ (16,721,"71 301,365,988 S (19.298,076) S (t9,771,119 Difference t - 196 Budget Reserve! Contingency (2,855.132) $14,272,831) (2,919,785) t (15,603,576) (2,960,666) $(19,682.113) (3,013,660) (22.311.736) (3,060.261 (22,851.380' Revised Structural Deficit t - 8114198 3.33 PM 98- 81 City of Miami Five Year Plan Summary Matrix B Revised - With Off -Street Parking FY 1998 FY 1999 FY 2000 FY 2001 FY 2002 FY 2003 Revised Estimated Estimated Estimated Estimated Estimated Description Budget Budget Budget Budget Budget Budget Rev./Exp. Rec./Non Revenues $308,504,940 $ 269,947,668 $ 279,028,877 $ 278,835,133 $ 280,446,688 $ 285,404,572 Expenditures 308,504,940 285,849,832 296,700,417 302,328,811 307,809,999 314,691,078 Difference - (15,902,164) (17,671,540) (23,493,678) (27,363,311) (29,286,506) Restatement Forecast of Property Taxes $ - $ 2,512,669 $ 3,588,727 $ 4,739,903 $ 5,967,073 $ 7,277,291 Rev Lease Revenues: Knight Center - - (4,000,000) (4,000,000) (4,000,000) (4,000,000) Rev Lease Revenues: Off -Street Parking Center - - (2,000,000) (2,000,000 (2,000,000) (2,000,000) Rev Sub -Total - 2,512,669 (2,411,273) (1,260,097) (32,927) 1,277,291 Revised Structural Problem Revenues $308,504,940 $ 272,460,337 $ 276,617,604 $ 277,575,036 $ 280,413,761 $ 286,681,863 Expenditures 308,504,940 285,849,832 296,700,417 302,328,811 307,809,999 314,691,078 Difference - (13,389,495) (20,082,813) (24,753,776) (27,396,238) (28,009,215) Revisions / Initiatives: Police - Grants / Attrition $ - $ - $ 4,385,226 $ 5,925,532 $ 6,107,366 $ 6,328,300 Exp Professional Services - 200,000 200,000 200,000 200,000 200,000 Exp Mayor's Budget Reduction - 28,175 28,175 28,175 28,175 28,175 Exp Commissioner's Budget Reduction - 108,470 108,470 108,470 108,470 108,470 Exp Construction Debris Fee - (530,925) (530,925) (530,925) (530,925) (530,925) Rev Supplemental Waste Fees - (108,924) (108,924 (108,924) (108,924) (108,924) Rev Off - Street Parking - 2,275,000 2,317,000 2,410,000 2,294,000 2,213,000 Rev Sub -Total - 1,971,796 6,399,022 8,032,328 8,098,162 8,238,096 General Fund Summary Revenues Expenditures Difference 1 % Budget Reserve / Contingency Revised Structural Deficit r= 8/17/98 2:55 PM $308,504,940 $ 274,095,488 $ 278,294,755 $ 279,345,187 $ 282,067,912 $ 288,255,014 308,504,940 285,513,187 291,978,546 296,066,634 301,365,988 308.026,133 919,785) (2,960,666) (3,013 Exp Rec Rec Rec Rec Rec Rec Rec Rec Rec Rec Non City of Miami Five Year Plan Summary Revised - With Off -Street Parking Option 1 FY 1998 FY 1999 FY 2000 FY 2001 FY 2002 FY 2003 Revised Estimated Estimated Estimated Estimated Estimated Budget Budget Budget Budget Budget Budget Millage at 10 mills - 4,770,084 4,943,114 5,122,976 5,309,944 5,504,300 Staged Hiring - 2,000,000 - - - - Unclassified Savings - 750,000 750,000 750,000 750,000 750,000 Solid Waste Fee - 1,700,166 1,830,948 3,138,768 4,708,152 5,100,498 Fire Fee - 6,829,444 10,890,194 12,551,411 13,289,729 13,289,729 Solid Waste Capital Needs - (1,682,592) (1,682,592) (1,682,592) (1,682,592) (1,682,592) - 14,367,102 16,731,664 19,880,563 22,375,233 22,961,935 Difference - 94,271 128,088 198,449 63,497 110,555 Impact Statement on a Single Family Home Millage at 10 mills - Increased by 2% annually $ 29.00 $ 29.58 $ 30.17 $ 30.78 $ 31.39 Solid Waste Fees 26.00 28.00 48.00 72.00 78.00 Fire Fees 37.00 59.00 68.00 72.00 72.00 $ 92.00 $ 116.58 $ 146.17 $ 174.78 $ 181.39 Overall Impact on a Single Family Home Solid Waste Fees 214.00 216.00 236.00 260.00 266.00 Fire Fees 61.00 83.00 92.00 96.00 96.00 8/17/98 2:55 PM City of Miami Five Year Plan Summary A Revised - Without Off -Street Parking FY 1998 FY 1999 FY 2000 FY 2001 FY 2002 FY 2003 Revised Estimated Estimated Estimated Estimated Estimated Description Budget Budget Budget Budget Budget Budget Revenues $ 308,504,940 $ 269,947,668 $ 279,028,877 $ 278,835,133 $ 280,446,688 $ 285,404,572 Expenditures 308,504,940 285,849,832 296,700,417 302,328,811 307,809,999 314,691,078 Difference - (15,902,164) (17,671,540) (23,493,678) (27,363,311) (29,2 6,506) Restatement Forecast of Property Taxes $ $ 2,512,669 $ 3,588,727 $ 4,739,903 $ 5,967,073 $ 7,277,291 Lease Revenues: Knight Center - - (4,000,000) (4,000,000) (4,000,000) (4,000,000) Lease Revenues: Off -Street Parking Center - - (2,000,000) (2,000,000) (2,000,000) (2,000,000) Sub -Total - 2,512, 69 (2,411,273) (1,260,097) (32, 7) 1,277,291 Revised Structural Problem Revenues $ 308,504,940 $ 272,460,337 $ 276,617,604 $ 277,575,036 $ 280,413,761 $ 286,681,863 Expenditures 308,504,940 285,849,832 296,700,417 302,328,811 307,809,999 314,691,078 Difference - (13,389,495) (20,082,813) (24,753,775) (27,396,238) (28,009,215) Revisions / Initiatives: Police - Grants / Attrition $ $ - $ 4,385,226 $ 5,925,532 $ 6,107,366 $ 6,328,300 Professional Services - 200,000 200,000 200,000 200,000 200,000 Mayor's Budget Reduction 28,175 28,175 28,175 28,175 28,175 Commissioner's Budget Reduction - 108,470 108,470 108,470 108,470 108,470 Construction Debris Fee (530,925) (530,925) (530,925) (530,925) (530,925) Supplemental Waste Fees - (108,924) (108,924) (108,924) (108,924) (108,924) Sub -Total - (303,204) 4,082,022 5,622,328 5,804,162 6,025,096 General _Fund Summary Revenues $ 308,504,940 $ 271,820,488 $ 275,977,755 $ 276,935,187 $ 279,773,912 $ 286,042,014 Expenditures 308,504,940 285,513,187 291,978,546 296,066,634 301,365,988 308,026,133 Difference $ - $ (13.692.699) S (16.000.7911 S (19.131.4471 S (21.592.0761 S (21.994.119 1% Budget Reserve / Contingency (2,855,132) (2,919,785) (2,960,666 (3,013,660) (3,080,261) Revised Structural Deficit $ - $ (16,547,831) $ (18,920,576) $ (22,092,113) $ (24,605,736) $ (25,064,380) 90 8/13/98 8:06 AM City of Miami Five Year Plan Summary Revised - Without Off -Street Parking Option 1 00 FY 1998 FY 1999 FY 2000 FY 2001 FY 2002 FY 2003 Revised Estimated Estimated Estimated Estimated Estimated Budget Budget Budget Budget Budget Budget Millage at 10 mills - 4,770,084 4,943,114 5,122,976 5,309,944 5,504,300 Staged Hiring - 2,000,000 - - - - Unclassified Savings - 750,000 750,000 750,000 750,000 750,000 Solid Waste Fee - 784,692 2,092,512 4,708,152 6,996,837 7,323,792 Fir@ Fee - 9,967,297 12,920,570 13,289,729 13,289,729 13,289,729 Solid Waste Capital Needs - (1,682,592) (1,682,592) (1,682,592) (1,682,592) (1,682,592) - 16,589,481 19,023,604 22,188,265 24,663,918 25,185,229 Difference - 41,650 103,027 96,152 58,182 120,849 Impact Statement on a Single Family Home Millage at 10 mills - Increased by 2% annually $ 29.00 $ 29.58 $ 30.17 $ 30.78 $ 31.39 Solid Waste Fees " 12.00 32.00 72.00 107.00 112.00 Fire Fees 54.00 70.00 72.00 72.00 72.00 $ 95.00 $ 131.58 $ 174.17 $ 209.78 $ 215.39 Overall Rates Solid Waste Fees 200.00 220.00 260.00 295.00 300.00 Fire Fees 78.00 94.00 96.00 96.00 96.00 8/13/98 8:06 AM City of Miami Five Year Plan Summary Revised - Without Off -Street Parking Option 2 FY 1998 FY 1999 FY 2000 FY 2001 FY 2002 FY 2003 Revised Estimated Estimated Estimated Estimated Estimated Budget Buda et Budget Buda et Buda et Budget Millage at 10 mills - 4,770,084 4,943,114 5,122,976 5,309,944 5,504,300 Staged Hiring - 2,000,000 - - - - Unclassified Savings - 750,000 750,000 750,000 750,000 750,000 Solid Waste Fee - 9,285,522 12,293,508 12,293,508 12,293,508 12,293,508 Fire Fee - 1,476,637 2,953,273 5,906,546 8.121,501 8,490,660 Solid Waste Capital Needs - (1,682,592) (1,682,592) (1,682,592 1,682,592 ( ) (1,682,592) - 16,599,651 19,257,303 22,390,438 24,792,361 25,355,876 Difference - 51,820 336,727 298,325 186,625 291,496 Impact Statement on a Sinale Family Home Millage at 10 mills - Increased by 2% annually $ 29.00 $ 29.58 $ 30.17 $ 30.78 $ 31.39 Solid Waste Fees 142.00 188.00 188.00 188.00 188.00 Fire Fees 8.00 16.00 32.00 44.00 46.00 $ 179.00 $ 233.58 $ 250.17 $ 262.78 $ 265.39 Overall Rates , Solid Waste Fees 330.00 376.00 376.00 376.00 376.00 Fire Fees 32.00 40.00 56.00 68.00 70.00 8/13/98 8:06 AM City of Miami Five Year Plan Summary Revised - Without Off -Street Parking Option 3 FY 1998 FY 1999 FY 2000 FY 2001 FY 2002 FY 2003 Revised Estimated Estimated Estimated Estimated Estimated Budget Budget Budget Budget Budget Budget Millage at 10 mills _ - Staged Hiring - 2,000,000 - - - - Unclassified Savings - 750,000 750,000 750,000 750,000 750,000 Solid Waste Fee - 7,781,529 9,939,432 11,639,598 12,751,245 13,012,809 Fire Fee - 7,752,342 9,967,297 11,628,513 12,920,570 13,105,149 Solid Waste Capital Needs - (1,682,592) (1,682,592) (1,682,592) (1,682,592) (1,682,592) - 16,601,279 18,974,137 22,335.519 24,739,223 25,185.366 Difference - 53,448 53,560 243,405 133,487 120,986 Impact Statement on a Single Family Home Millage at 10 mills - Increased by 2% annually $ - $ _ $ - $ _ $ - Solid Waste Fees 119.00 152.00 178.00 195.00 199.00 Fire Fees 42.00 54.00 63.00 70.00 71.00 $ 161.00 $ 206.00 $ 241.00 $ 265.00 $ 270.00 Overall Rates Solid Waste Fees 307.00 340.00 366.00 383.00 387.00 Fire Fees 66.00 78.00 87.00 94.00 95.00 8/13/98 8:06 AM Description Revenues Expenditures City of Miami Five Year Plan Summary Revised - With Off -Street Parking FY 1998 FY 1999 FY 2000 FY 2001 FY 2002 FY 2003 Revised Estimated Estimated Estimated Estimated Estimated Budget Budget Budget Budget Budget Budget $308,504.940 $ 269,947,668 $ 279,028,877 $ 278,835,133 $ 280,446,688 $ 285,404,572 308,504,940 285,849,832 296,700,417 302,328,811 307,809,999 314,691,078 Difference - (15,902,164) (17,671,540) (23,493,678) (27,363,311) ( ,506) Restatement Forecast of Property Taxes $ - $ 2,512,669 $ 3,588,727 $ 4,739,903 $ 5,967,073 $ 7,277,291 Lease Revenues: Knight Center - - (4,000,000) (4,000,000) (4,000,000) (4,000,000) Lease Revenues: Off -Street Parking Ce - - (2,000,000) (2,000,000) (2,000,000 ) (1,, Sub -Total - 2,512,669 (2,411,273) (1,260,097) (32,927) ,2777,29191 Revised Structural Problem Revenues $308,504,940 $ 272,460,337 $ 276,617,604 $ 277,575,036 $ 280,413,761 $ 286,681,863 Expenditures 308,504,940 285,849,832 296,700,417 302,328,811 307,809,999 314,691,078 Difference - (3,389,49) (20, 2,813) 24,753,775) j27,396,238) (28,009,215) Revisions / Initiatives: Police - Grants / Attrition $ - $ - $ 4,385,226 $ 5,925,532 $ 6,107,366 $ 6,328,300 Professional Services - 200,000 200,000 200,000 200,000 206,000 Mayor's Budget Reduction - 28,175 28,175 28,175 28,175 28,175 Commissioner's Budget Reduction - 108,470 108,470 108,470 108,470 108,470 Construction Debris Fee - (530,925) (530,925 (530,925) (530,925) (530,925) Supplemental Waste Fees - (108,924) (108,924) (108,924) (108,924) (108,924) Off - Street Parking - 2,275,000 2,317,000 2,410,000 2,294,000 2,213,000 Sub -Total 1,971,79E 6,399,022 8,032,328 $ 8,098,162 $ 8,239,09-6 General Fund Summary Revenues $308,504,940 $ 274,095,488 $ 278,294,755 $ 279,345,187 $ 282,067,912 $ 288,255,014 Expenditures 308,504,940 285,513,187 291,978,546 296,066,634 301,365,988 308,026,133 Difference S - S (11.417.6991 S (13.6R3.7911 S (1R 771 AA71 S (1Q 9QA n7A1 t 11Q 771 140' 1 % Budget Reserve / Contingency Revised Structural Deficit 8/13/98 8:05 AM City of Miami Five Year Plan Summary Revised - With Off -Street Parking Option 1 FY 1998 FY 1999 FY 2000 FY 2001 FY 2002 FY 2003 Revised Estimated Estimated Estimated Estimated Estimated Budget Budget Budget Buda et Budget Budget Millage at 10 mills - 4,770,084 4,943,114 5,122,976 5,309,944 5,504,300 Staged Hiring - 2,000,000 J - - - - Unclassified Savings - 750,0001 750,000 750,000 750,000 750,000 Solid Waste Fee (-1tty/wo. fX) - / 1,700,166 1,830,948 3,138,768 4,708,152 5,100,498 Fir6 Fee - 6,829,444 10,890,194 12,551,411 13,289.729 13,289,729 Solid Waste Capital Needs - (1,682,592) (1,682,592) (1,682,592) (1,682,592) (1,682,592) - 14,367,102 16,731,664 19,880,563 22,375,233 22,961,935 Difference Impact Statement on a Single Family Home Millage at 10 mills - Increased by 2% annually Solid Waste Fees Fire Fees Overall Impact on a Single Family Home Solid Waste Fees Fire Fees 94,271 128,088 198,449 63,497 110,555 $ 29.00 $ 29.58 $ 30.17 $ 30.78 $ 31.39 26.00 28.00 48.00 72.00 78.00 37.00 59.00 68.00 72.00 72.00 $ 92.00 $ 116.58 $ 146.17 $ 174.78 $ 181.39 214.00 216.00 236.00 260.00 266.00 61.00 83.00 92.00 96.00 96.00 ON'S I 8/13/98 8:05 AM City of Miami Five Year Plan Summary Revised - With Off -Street Parking Option 2 FY 1998 FY 1999 FY 2000 FY 2001 FY 2002 FY 2003 Revised Estimated Estimated Estimated Estimated Estimated Budget Budget Budget Budget Budget Budget Millage at 10 mills - 4,770,084 4,943,114 5,122,976 5,309,944 5,504,300 Staged Hiring - 2,000,000 - - - - Unclassified Savings - 750,000 750,000 750,000 750,000 750,000 Solid Waste Fee - 7,062,228 9,808,650 11,116,470 12,293,508 12,293,508 Fire Fee - 1,476,637 2,953,273 4,429,910 5,906,546 6,275,705 Solid Waste Capital Needs - (1,682,592) (1,682,592) (1,682,592) (1,682,592) (1,682,592) - 14,376,357 16,772,445 19,736,764 22,577,406 23,140,921 Difference - 103,526 168,869 54,650 265,670 289,541 Impact Statement on a Single Family Home Millage at 10 mills - Increased by 2% annually $ 29.00 $ 29.58 $ 30.17 $ 30.78 $ 31.39 Solid Waste Fees 108.00 150.00 170.00 188.00 188.00 Fire Fees 8.00 16.00 24.00 32.00 34.00 $ 145.00 $ 195.58 $ 224.17 $ 250.78 $ 253.39 Overall Rates Solid Waste Fees 296.00 338.00 358.00 376.00 376.00 Fire Fees 32.00 40.00 48.00 56.00 58.00 8/13/98 8:05 AM City of Miami Five Year Plan Summary Revised - With Off -Street Parking Option 3 FY 1998 FY 1999 FY 2000 FY 2001 FY 2002 FY 2003 Revised Estimated Estimated Estimated Estimated Estimated Budget Budget Budget Buda et Budget Budaet Millage at 10 mills _ - Staged Hiring - 2,000,000 - - _ _ Unclassified Savings - 750,000 750,000 750,000 750,000 750,000 Solid Waste Fee - 6,604,491 8,762,394 10,331,778 11,574,207 11,835,771 Fire Fee - 6,644,864 8,859,819 10,336,456 11,813,092 11,997,672 Solid Waste Capital Needs - (1,682,592) (1,682,592) (1,682,592) (1,682,592) (1,682,592) - 14,316,763 16,689,621 19,735,642 22,454,707 22,900,851 Difference - 43,933 86,045 53,528 142,971 49,471 Impact Statement on a Sinale Family Home Millage at 10 mills - Increased by 2% annually $ - $ _ $ _ $ - $ - Solid Waste Fees 101.00 134.00 158.00 177.00 181.00 Fire Fees 36.00 48.00 56.00 64.00 65.00 $ 137.00 $ 182.00 $ 214.00 $ 241.00 $ 246.00 Overall Rates Solid Waste Fees 289.00 322.00 346.00 365.00 369.00 Fire Fees 60.00 72.00 80.00 88.00 89.00 8/13/98 8:05 AM City of Miami Five Year Plan Summary Revised - Without Off -Street Parking Option 4 FY 1998 FY 1999 FY 2000 FY 2001 FY 2002 FY 2003 Revised Estimated Estimated Estimated Estimated Estimated Budget Budaet Budaet Buda et Budnet Bud et Millage at 10 mills _ _� Staged Hiring - 2,000,000 - - _ Unclassified Savings - 750,000 750,000 750,000 750,000 750,000 Solid Waste Fee - 10,462,560 10,462,560 10,462,560 10,462,560 10,462,560 Supplemental Waste Fees - 844,020 844,020 844,020 844,020 844,020 Fire Fee - 4,429,910 8,859,819 11,813,092 14,397,206 14,766,365 Solid Waste Capital Needs - (1,682,592) (1,682,592) (1,682,592) (1,682,592) (1,682,592) - 16,803,897 19,233,807 22,187,080 24,771,194 25 140 353 Difference - 256,066 313,230 94,966 165,458 75,973 Impact Statement on a Single Family Home Millage at 10 mills - Increased by 2% annually $ - $ _ $ _ $ $ - Solid Waste Fees 160.00 160.00 160.00 160.00 160.00 Fire Fees 24.00 48.00 64.00 78.00 80.00 $ 184.00 $ 208.00 $ 224.00 $ 238.00 $ 240.00 Overall Rates Solid Waste Fees 348.00 348.00 348.00 348.00 348.00 Fire Fees 48.00 72.00 88.00 102.00 104.00 8/14/98 8:20 AM w tX; City of Miami Five Year Plan Summary Revised - With Off -Street Parking Option 4 FY 1998 FY 1999 FY 2000 FY 2001 FY 2002 FY 2003 Revised Estimated Estimated Estimated Estimated Estimated Budget Budget Budget Budget Budq Budge Millage at 10 mills _ _ Staged Hiring - 2,000,000 - _ _ Unclassified Savings - 750,000 750,000 750,000 750,000 750,000 Solid Waste Fee - 10,462,560 10,462,560 10,462,560 10,462,560 10,462,560 Supplemental Waste Fees - 844,020 844,020 844,020 844,020 844,020 Fire Fee - 2,953,273 6,275,705 9,413,558 12,182,251 12,551,411 Solid Waste Capital Needs - (1,682,592) (1,682,592) (1,682,692) (1,682,592) (1,682,592) - 15,327,261 16,649,693 19,787,545 22,556,239 22,925,398 Difference - 1,054,430 46,116 105,432 244,503 74,018 Imaact Statement on a Single Family Home Millage at 10 mills - Increased by 2% annually $ - $ _ $ Solid Waste Fees 160.00 160.00 $ 160.00 - $ 160.00 160.00 Fire Fees 16.00 34.00 51.00 66.00 68.00 $ 176.00 $ 194.00 $ 211.00 $ 226.00 $ 228.00 Overall Rates Solid Waste Fees 348.00 348.00 348.00 348.00 348.00 Fire Fees 40.00 58.00 75.00 90.00 92.00 8/14/98 8:19 AM 0rr