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Home My WebLink AboutR-97-0678• J-97-655 9/15/97 RESOLUTION NO. 9 7- 678 A RESOLUTION, WITH ATTACHMENT, APPROVING AND ADOPTING THE ANNUAL BUDGET FOR FISCAL YEAR COMMENCING OCTOBER 1, 1997 AND ENDING SEPTEMBER 30, 1998, ATTACHED HERETO AND MADE A PART HEREOF, IN THE AMOUNT OF $675,525, EXCLUDING DEPRECIATION, FOR THE OPERATION OF GUSMAN CENTER FOR THE PERFORMING ARTS AND THE OLYMPIA BUILDING. WHEREAS, Ordinance No. 8435, adopted July 31, 1975, authorized the Off -Street Parking Board of the City of Miami to administer the facility now known as Gusman Center for the Performing Arts and the Olympia Office Building (the "Facility"); and WHEREAS, a budget is required to properly administer the Facility; and WHEREAS, a budget has been prepared by the Department of Off -Street Parking and subsequently reviewed by the Off -Street Parking Board ( "OSPB11) ; and WHEREAS, said proposed budget has been deemed acceptable by OSPB for the operation of said Facility for Fiscal Year 1997- NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: CM S3YQ1F °Ma op SEP 2 3 1997 Rewiution Na 97- 678 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 Annual Budget for Fiscal Year commencing October 1, 1997 and ending September 30, 1998, attached hereto and made a part hereof, in the amount of $675,525, excluding depreciation, to provide for the operation of Gusman Center for the Performing Arts and the Olympia Building is hereby approved and adopted. Section 3. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 23rd day of September 1997. JOE CARD MAYOR ATTES . WALTER MAN CITY CLERK APPROVED AS TO 7 RM AND CORRECTNESS: A, Q72NN � FPS , I I I CITY ATTO F/I W1872:BSS 9'7- 678 - 2 - • GUSMAIWLYMPIA ENTERPRISE FUND FISCAL YEAR 97198 BUDGET 96/97 97/98 Approved Proposed Comments Revenue Olympia Rental Concessions Equipment Gusman Produced Ticket Commissions Ticket Service Charges Front of House Miscellaneous Forfeitures Season Grants Contributions Total Expenses Salaries Benefits Maint - Prop Maint - Elev Maint - A/C Maint - Computer Maint - Alarm Repairs - Equip Cleaning - Hskpg Tools & Supplies Clothing Signs Maint - Other Security Telephone Light & Power Water Ins - W/C Insurance Equip Rentals Production Costs Audit Fees Consultants Bank Charges Postage/Courier Printing Office Supplies Computer Supplies Special Asses. Licenses Special Services Mgt Fee Bus. Svcs/Entertain Travel Business Dev. Publications Membership Fees Promotions Public Relations Advertising Total Profit/(Loss) 125,000 150,000 30,000 25,000 0 2,000 100,000 40,000 3,000 0 15,000 125,000 615,000 241,444 45,790 4,000 6,000 1,000 4,000 10.000 15,500 3,500 30,000 3,000 14,000 50,000 48,000 5,000 69,000 8,000 15,000 16,000 20,000 3,800 6,000 6,000 3,000 2,000 4,000 2,000 4,000 2,000 2,500 1,500 1,000 2,000 3,000 30,000 682,034 125,000 150,000 30,000 25,000 0 2,000 100,000 40,000 3,000 0 10,500 0 485,500 237,754 45,471 4,000 6,000 1,000 4,000 10,000 16,500 3,500 30,000 2,000 10,000 65,000 52,000 5,000 69,000 7,000 10,500 16,000 20,000 3,800 4,000 4,000 3,000 2,000 0 2,000 0 2,000 2,500, 1,500 1,000 2,000 3,000 30,000 675,525 (67,034) (190,025) Annual lease from Cornerstone (apartments & retail) 125 events x $1195 125 events Dade County Tourist Tax Grant Exempt(4 f/t)=$171,756 Nonexempt(4 p/t)=$65,998 f/t @ 23.15% P/T @ 8.65% Backstage Based on current bills Based on current bills Same as 95/96 Gusman programming (see Revenue "Season Grants") Accountant City of Miami contribution 9%= 678 42 TO: Honorable Mayor and Members of DATE: September 9, 1997 the City Commission City of Miami FROM: Clark Cook Executive Director Miami Parking System SUBJECT: Gusman & Olympia Enterprise Fund - Budget Approval FY 97/98 Enclosed is the budget for the Gusman & Olympia Enterprise Fund for fiscal year 1997/98. This budget was approved by the Off -Street Parking Board at its meeting of August 26, 1997. We respectfully request your approval of this budget at your meeting scheduled for September 23, 1997. CC:gtc:G&OBud97 Enclosure cc: Beverly Solomon Albert Manduca Paul Thompson David Willis 97- 6?R 1 0 TO: Edward Marquez, City Manager City of Miami FROM: Clark Cook Executive Director Miami Parking System DATE: September 9, 1997 SUBJECT: Gusman & Olympia Enterprise Fund - Budget Approval FY 97/98 Enclosed is the budget for the Gusman & Olympia Enterprise Fund for fiscal year 1997/98. This budget was approved by the Off - Street Parking Board at its meeting of August 26, 1997. Please place approval of this budget by the City Commission on the agenda for September 23, 1997. The budgeted deficit is $190,025. I have also attached the original of a memorandum to the Mayor and City Commissioners requesting their approval of the budget and a draft of the Commission Resolution. CC:gtc Enclosures cc: A. Quinn Jones, III Beverly Solomon Albert Manduca David Willis 97- 678 3 GUSM�B OLYMPIA ENTERPRISE FUND CAL YEAR 97198 BUDGET 96/97 97/98 Approved Proposed Comments Revenue Olympia 125,000 125,000 Annual lease from Cornerstone (apartments & retail) Rental --150,000 150,000 125 events x $1195 Concessions 30,000 30,000 Equipment 25,000 25,000 Gusman Produced 0 0 Ticket Commissions 2,000 2,000 Ticket Service Charges 100,000 100,000 125 events Front of House 40,000 40,000 Miscellaneous 3,000 3,000 Forfeitures Season Grants 0 15,000 0 10,500 Dade County Tourist Tax Grant Contributions 125,000 0 Total 615,000 485,500 Expenses Salaries 241,444 237,754 Exempt(4 f/t)=$171,756 Nonexempt(4 p/t)=$65,998 Benefits 45,790 45,471 f/t @ 23.15% P/T @ 8.65% Maint - Prop 4,000 4,000 Maint - Elev Maint - A/C 6,000 6,000 Maint - Computer 1,000 1,000 Maint - Alarm 4,000 4,000 _ Repairs - Equip 10,000 10,000 Cleaning - Hskpg 15,500 16,500 Tools & Supplies 3,500 3,500 Clothing Signs Maint - Other 30,000 30,000 Backstage Security 3,000 2,000 Telephone 14,000 10,000 Light & Power 50,000 65,000 Based on current bills Water 48,000 52,000 Based on current bills Ins - W/C 5,000 5,000 Same as 95/96 Insurance 69,000 69,000 Equip Rentals Production Costs 8,000 15,000 7,000 10,500 Gusman programming (see Revenue "Season Grants") Audit Fees 16,000 16,000 Consultants 20,000 20,000 Accountant Bank Charges 3,800 3,800 Postage/Courier 6,000 4,000 Printing 6,000 4,000 Office Supplies 3,000 3,000 Computer Supplies 2,000 2,000 Special Asses. 4,000 0 Licenses 2,000 2,000 Special Services Mgt Fee 4,000 0 Bus. Svcs/Entertain 2,000 2,000 Travel 2,500 2,500 Business Dev. 1,500 1,500 Publications 1,000 1,000 Membership Fees 2,000 2,000 Promotions 3,000 3,000 Public Relations Advertising 30,000 30,000 Total 682,034 675,525 Profd/(Loss) (67,034) (190,025) City of Miami contribution 97- 678 7