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Home My WebLink AboutR-92-0612J-92-665 9/23/92 RESOLUTION NO. 9 6' 612 A RESOLUTION, WITH ATTACHMENT (S), APPROVING THE ATTACHED FISCAL YEAR 1992-93 ADMINISTRATIVE BUDGET OF THE MIAMI SPORTS AND EXHIBITION AUTHORITY; FURTHER REQUIRING CITY COMMISSION APPROVAL FOR CHANGES IN LINE ITEM EXPENDITURES IN EXCESS OF $5,000.00. WHEREAS, the Ordinance creating the Miami Sports and i Exhibition Authority ("Authority") requires that the Authority i establish a fiscal year coinciding with that of the City, and i also requires that the City Commission approve the administrative fbudget to be submitted on City budget forms for appropriate consideration; and I WHEREAS, the Miami Sports and Exhibition Authority on September 9, 1992 approved its 1992-93 fiscal administrative budget; and WHEREAS, the attached forms identify categories for compensation and benefits, administrative, professional and consultant services, and capital expenditures totaling $1,061,069; and WHEREAS, the categories reflected in the projected budget comply with the mandate contained in the ordinance creating the Miami Sports and Exhibition Authority to facilitate the development of public facilities necessary for the expansion and promotion of professional and international sports, convention ATTACHMENT (S)I (b{dsAENED CITY CoreaSSION MEETING OF S E P 2 4 1992 Resolution No. 92- G 2 RESULUTION NU. A RESOLUTION, WITH ATTACHMENT(S), APPROVING THE ATTACHED FISCAL YEAR 1992-93 ADMINISTRATIVE BUDGET OF THE MIAMI SPORTS AND EXHIBITION AUTHORITY; FURTHER REQUIRING CITY COMMISSION APPROVAL FOR CHANGES IN LINE ITEM EXPENDITURES IN EXCESS OF $5,000.00. WHEREAS, the Ordinance creating the Miami Sports and Exhibition Authority ("Authority") requires that the Authority establish a fiscal year coinciding with that of the City, and also requires that the City Commission approve the administrative budget to be submitted on City budget forms for appropriate consideration; and WHEREAS, the Miami Sports and Exhibition Authority on September 9, 1992 approved its 1992-93 fiscal administrative budget; and WHEREAS, the attached forms identify categories for compensation and benefits, administrative, professional and consultant services, and capital expenditures totaling $1,061,069; and WHEREAS, the categories reflected in the projected budget comply with the mandate contained in the ordinance creating the Miami Sports and Exhibition Authority to facilitate the development of public facilities necessary for the expansion and promotion of professional and international sports, convention ATTACHMENT (S) CONTAINED CITY COMMISSION MEETING OF S E P 2 4 1992 Resolution No. 92- 612 and exhibition related activities, and other events which will 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 this budget; and WHEREAS, the fiscal year 1992-93 projected administrative budget totals $1,061,069 which is a $196,834 increase from the previous fiscal year; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY t OF MIAMI, FLORIDA: Section 1. The attached Miami Sports and Exhibition Authority Fiscal Year 1992-93 Administrative Budget is hereby approved. Section 2. City Commission approval is hereby required _ for line item expenditure changes in excess of $5,000.00. Section 3. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 24th day of 1992. ATTES VIER L. S Zr KAYOR MATTY HIRAI, CITY CLERK PREPARED AND APPROVED BY: APPROVED AS TO FORM AND n�nrranmwrcc+a . 1 i • fp, IU 1LCI TABLE OF CONTENTS 1L13 L 13 r SIGNIFICANT ACCOMPLISHMENTS L 13 r * Letter from the Chairman..........................................................1 13 r INTRODUCTION L* Description of Functions...............................................................4 ' * Goals & Objectives ........... N..........................................................6 1LEl * Organization Charts.......................................................................7 13 BUDGET RESOLUTION Lrl* r Transmittal Memorandum.........................................................13 * Proposed Resolution...................................................................15 r CITY BUDGET FORMS * Goals & Objectives..................N.................................................17 * Significant Accomplishments .N..................................................18 * Affirmative Action Status ....... N.................................................19 * Total Departmental Budget........................................................20 * Budget Summary NNNN.N.N...N..........N.N................NN................ 21 * Salaries and Wages;.N.N.NNN..N.N.N..N........NN.......NNNN..NN....NN22 * Fringe Benefits ....................... N.... N...................... NN..N... ...... .... 23 * Operating ExpenseSN.N......•N.•N.NN..N.N..N.......N........ .................24 * Professional Services ...N......... N........... N......................................25 * Capital Expenditures .N........... N.... NN..........................................26 1 PROPOSED BUDGET L0 r * Budget Comparison: 1991-92 vs. 1992-93...... ......................27 * Budget Notes .....NN..N..N.....N..........N.N........NN..NNN..N..N.1........iIV 1 r September 9, 1992 Honorable Mayor and Members of the Miami City Commission 3500 Pan American Drive Miami, FL 33133 Honorable Mayor and Members of the City Commission: Miller J. Dawkins, Chairman Dr. Kenneth Albano Bill Bayer Eli Wriberg Julio Gonzalez-Robuil, Sr. Neat Harrington Stephen S. Nuall Robed Rattner Mrs. Frankie Rolle J. Skip 81,xepard Steve suerez MNton Vickers Michael togby William Perry, III, Executive Director Christopher G. Korge, General Couneel I am submitting the attached operating budget for the Miami Sports and Exhibition Authority's fiscal year 1992-93. These budget projections have been reviewed and approved by the Miami Sports and Exhibition Authority's Board of Directors. The scope of services the MSEA wishes to be involved in and the increase of services, due in part to inflation, has caused us to increase the request for additional funding over last year. It is with great pride that I submit to you the Authority's fiscal year 1992-93 operating budget for review and approval, my first as chairman of the Authority. This budget has been increased for the first time in three years to allow the Authority to better carry out its mission of bringing sports, conventions and exhibitions to facilities in the City of Miami. In recent years, the Authority has placed an increased emphasis on convention activity. This activity will increase significantly under our new budget. This stems from our belief that there is a tremendous untapped market of organizations that would be interested in bringing their event to Miami. However, no one at this time is pursuing that market.... sports organizations. We are already working on two possible conventions that have shown an interest in coming to Miami in the next few years. Currently, our Convention Committee is deeply involved in two projects that will have a significant impact on Miami. The first is the development of a slick, four-color brochure that will highlight the downtown Miami hotels as a convention destination, not any one singular facility. All of the downtown hotels, plus the Miami Arena, have contributed to this brochure, which should be ready for distribution this summer. The second project the Convention Committee is heavily involved with is the Junior Chamber International World Congress, which is coming to downtown Miami in November. This international convention will bring in excess of 5,000 delegates to Miami for one week. The Hyatt Regency and James L Knight Center will be the headquarters for the convention. In " excess of 2600 hotel rooms have been reserved for the convention, more than 80% in downtown Miami. In addition, the majority of convention activities will take place downtown. This is the first time this convention has been held in the United States since 1976. 92- 612 �C i 300 Biscayne Boulevard Way, Suite 1120, Miami, Florida 33131 (305) 381-8261 / Fax (305) 375-0636 Honorable Mayor and Members of the Miami City Commission September 9, 1992 Page 2 Our convention activities continue to focus on two other long range projects that could have a significant impact on our City. They are the construction of a Permanent International 'Trade and Exposition Center and the proposed expansion of the Port of Miami to the FEC Property and „y Bicentennial Park. It is also anticipated that the Convention Committee will be looking into the feasibility of a convention/exhibition hall in the downtown corridor. One arena related project that has carried over from last year is the Art in Public Places requirement. The Call to Artist has been issued and ten artists are being considered for three separate arena projects. Nine are from Miami. In excess of 170 artists submitted bids on the od project. The theme of this project will be to highlight the historical significance of the Overtown area, in which the arena is located. c Sports remain a key area of interest at the Authority. There are numerous projects we are involved in that will have a significant impact on our community. Our dispute with the Miami Heat obviously required the majority of our attention in the past year. It is anticipated that the recently signed settlement of the dispute will prove to be very beneficial to the Authority in the long term. The Heat has relinquished some advertising rights *a in the Miami Arena, which can only enhance our efforts to bring additional sports franchises to the building. o r This will aid us in our efforts to bring indoor soccer, arena football and ice hockey to the arena. There are currently two professional hockey games scheduled to be played at the arena in the fall including the first -ever regular season game ever played in Miami. A project that the MSEA is most proud of is the development of Curtis Park. The new track is j of the highest quality and will be the future home of numerous track and field events. As you are aware, the track was dedicated by Florence Griffith Joyner during her appearance in Miami for the Miami Mile, an event the Authority played a significant role in staging. £ A second project of great significance is our work with the Miami Midnight Basketball League. c A program targeted toward high school drop outs and marginal students, the Miami Midnight Basketball League, in just its first season, is proving to be one of the most successful in the country. A project that carried over from last year is our involvement with the Miami Wheelers, our professional bike racing franchise. The Wheelers hosted two races in Miami this year, one being the National Cycle League World Title Race. Over 5,000 people turned out in downtown Miami last year for the Wheelers home race. In excess of 10,000 turned out this past February when the Wheelers revived the Great Coconut Grove Bike Race. The World Title Race, held this past July, was televised to a world-wide audience. 92- 612 �� 7 Honorable Mayor and Members of the Miami City Commission September 9, 1992 Page 3 Other carry-over projects include our involvement with the Northwest Express Track and Field Classic and Major League Baseball. The Northwest Express Track Club annually hosts one of the top youth -age track meets in the country. Many inner-city kids belong to this organization and have used their involvement with the track club as a stepping stone towards athletic careers at the University of Miami and other schools. As for Major League Baseball, we will continue to work with the Florida Marlins as they head for opening day next April. It is important to note _ that the Authority played a significant role in the initial Marlin season ticket drive. Our involvement also continues in efforts to bring the 1998 Goodwill Games to South Florida. Miami is one of four finalists for the Games, which could have an economic impact of $50-$60 o million for South Florida. A decision will be made in October. c The 1996 Summer Olympics will be held in Atlanta, Georgia and the Authority will be taking an active role in marketing the facilities that we have in South Florida to be utilized as a training site. The South Florida Sports Information Guide will be heavily used in this process. On the financial side, we recently completed the refunding of our Special Obligation Series 1992 bonds. This refunding will result in savings to the Authority of $550,000 up front and approximately $828,000 over the next twelve years. As you are aware, these bonds were used to construct the Miami Arena and renovate the James L. Knight Center and the Coconut Grove Exhibition Center. This savings coupled with revenue to be received from the newly enacted o Professional Sports Franchise Tax, will hopefully lead to the development of additional projects in the City. I look forward to answering any questions you have regarding this proposed budget and working with you on the many worthwhile projects the Authority is involved in. Respectfully submitted, ¢S Miller J. Dawkins VK•-w.�+ � Chairman cc: Dr. Kenneth Albano Mrs. Frankie Rolle Bill Bayer J. Skip Shepard Eli Feinberg Steve Suarez Neal Harrington Milton Vickers _ Steve Nuell Michael Zogby Robert Ratiner William Perry, III Julio Gonzalez Rebull, Sr. o�+ i Min/wguc43,ua1 C 2 MIAMI SPORTS AND EXHIBITION AUTHORITY DESCRIPTION OF FUNCTIONS i; ORGANIZATION The Miami Sports and Exhibition Authority (the "Authority") is an independent and semiautonomous agency and instrumentality of the City of Miami (the "City"), established by Ordinance #9662 (as amended), pursuant to Florida Statutes 212.0305. Section 56.6-10 of the City ordinance creating the Authority requires that: a) the City V Commission on an annual basis approve the Authority's administrative budget and b) that the - Authority establish a fiscal year coinciding with that of the City. The Authority's budget is funded mainly from proceeds of the Convention Development Tax. MISSION STATEMENT io To facilitate and promote activities, improvements and infrastructure necessary to expand and o6n I attract conventions, exhibition and tourism related activities, professional and international sports, o z _ as well as other events and programs which will contribute to economic and social growth in the City of Miami. 4 92 - 612 M W MIAMI SPORTS AND EXHIBITION AUTHORITY FY 1992.93 FUNCTIONAL COST '.T: � h}r; ••,� �} >`:;j+'i. '•' •'Y,.•%+4.. .: �:+Y{:;:;T••:ry 4':Q:•�'>.:y n +�T.; Administrative and 3 $214,120 20% Managerial Finance 1 $438,126 41% Marketing 1 $408,823 39% TOTAL 5 $1,061,069 100% PERFORMANCE INDICATORS * Creator of the Miami Midnight Basketball League. * Sponsor of annual NHL exhibition games at the Miami Arena. * Participant in bid to attract 1998 Goodwill Games to South Florida. * Refunded Special Obligation Series, 1992 bonds, resulting in significant savings to the Authority over a twelve year period. * Coordinated local governmental efforts to bring a Major League Baseball franchise to Miami. * Sponsor of the Northwest Express Track Club. * Sponsor of the Miami Wheelers Cycling Team. * Sponsor of the Miami Mile * Active in planning of 1992 Junior Chamber International World Congress. * Active in production of first -ever South Florida Sports Facilities Guide, a comprehensive inventory of South Florida sports venues. * Initiated development of new brochure highlighting downtown Miami as a convention destination. 5 92- 612 GOALS AND OBJECTIVES 1. Continue efforts to obtain funding from Metropolitan Dade County through the Professional Sports Franchise Tax. 2. Continue to evaluate involvement in efforts to construct a convention/exhibition hall in ` the City of Miami. 3. Assist events/tenants that utilize the Miami Arena. 4. Develop a strategy to retain the International Tennis Players Championships. 5. Pursue convention oriented events for hotels in the City of Miami. 6. Resolve outstanding issues with the Miami Heat and extend existing commitments to the Miami Arena. 7. Encourage consolidation of management of City owned facilities as a cost savings measure. 8. Continue efforts to bring additional sporting events on all levels to facilities in the City of Miami. " R. Develop a Winter Baseball League in the City of Miami. r� 10. Develop a source of revenue from events that receive support from the Authority. z 11. Continue development of youth centers in the City of Miami. 12. Continue pursuit of additional major league/professional sports franchises for the City of Miami. C.b �i r. 92- 612 6 a] w i NIAMI SPORTS AND EXHIBITION AUTHORITY STAFF ORGANIZATION CHART CITY OF MIAMI COMMISSION MIAMI SPORTS AND EXHIBITION AUTHORITY EXECUTIVE DIRECTOR MARKETING I I ADMINISTRATIVE MANAGER ASSISTANT SECRETARY I GENERAL COUNSEL I CHIEF FINANCIAL OFFICER staff.dwg NowilOm 139,09 VICE—CHAIRMAN BILL BAYER MIAMI SPORTS is EXHIBITION AUTHORITY COMMITTEE STRUCTURE CHAIRMAN MILLER DAWKINS SECRETARY/ TREASURER J. SKIP SHEPARD CONVENTION COMMITTEE MILTON VICKERS MIAMI ARENA to COMMITTEE zsD KEN ALBANO CONSTRUCTION COMMITTEE MIRE SOGBY VICE—CHAIRMAN STEVEN NUELL FINANCE COMMITTEE J. SKIP SHEPARD ART IN PUBLIC PLACES COMM. FRAME ROLLE SPORTS COMMITTEE KEN ALBANO MSEA COMN TrrEES :z -- Art in Public Places Committee Construction Committee P Mrs. Frankie Rolle, Chairperson Mike Zogby Eli Feinberg Milton Vickers Milton Vickers Miller Dawkins Victor Cohen, Miami Arena Rep. IN Finance Committee J. Skip Shepard, Chairman Kenneth Albano Eli Feinberg Mrs. Frankie Rolle Steve Nuell Miami Arena Committee Kenneth Albano, Chairman Mike Zogby Eli Feinberg Mrs. Frankie Rolle Robert Ratiner Bill Bayer Sports Committee Kenneth Albano, Chairman Steve Nuell Franlde Rolle Convention _Comm'tt tee Milton Vickers, Chairman Bill Bayer Neal Harrington J. Skip Shepard 9 2 - 612 9 300 Biscayne Boulevard Way, Suite 1120, Miami, Florida 33131 (305) 381-8261 / Fax (305) 375-0636 �r 11 MIAMI SPORTS AND EXHIBITION AUTHOItM COMMIT'I''EE STRUCTURE Art in Public Places Committee Mission: To assume a primary role in fulfilling the Authority's responsibility towards the Art in Public Places requirement at the Miami Arena. Accomplishments 1. Regular meetings with Dade County Art in Public Places Trust. 2. Issuance of Call to Artist. Received 170 responses. 3. Ten artists selected to submit detailed proposals for art work inside and outside the Miami Arena. Goals 1. Satisfy Miami Arena Art in Public Places requirement. Construction Committee Mission: To take a primary role in all construction related matters affecting the Authority; to oversee all construction projects of the Authority. Accomplishments 1. Assisted City of Miami in redevelopment of Curtis Park. 2. Monitored installation of new landscaping at Miami Arena. 3. Monitoring installation of new air conditioning controls at Miami Arena, which will result in significant cost savings. 4. Monitoring installation of safety materials on steps inside arena. Goals 1. Complete installation of air conditioning controls. 2. Complete installation of arena step safety materials. 3. Develop and implement plan to satisfy new ADA requirements. 10 92-- 612 s X. Convention Committee Mission: To take a primary role in the attraction of conventions and exhibitions to City of Miami facilities; to monitor and advise on the development of additional •r convention and exhibition facilities. Accomplishments 1. Driving force behind creation of a new four-color brochure highlighting downtown Miami hotels as a convention destination. 2. Assisted in planning for 1992 Junior Chamber International World Congress. Goals 1. Assist in development of a new convention/exhibition center in downtown Miami. 2. Significantly increase the number of conventions/exhibitions that utilize City of Miami hotels and facilities on an annual basis. Finance Committee Mission: To monitor and enforce spending and fiscal policies relating to the operations of the Authority; to advise the full Authority on all fiscal issues. Accomplishments OT 1. Monitored refunding of Authority's Series 1992 Special Obligation Bonds, resulting in savings to the Authority of over $500,000. 2. Monitors Authority's operating budget on a monthly basis. If Goals 1. To continue to monitor Authority's operations and ensure fiscal responsibility. ,.� Arena Committee Mission: To serve as liaison between the Miami Heat, Leisure Management Miami and other arena tenants and the Authority; to advise on all arena related issues that affect the operation of the Authority under the terms of the Miami Arena Contract. Accomplishments 1. Monitored negotiations between Miami Heat and LMM that eventually led to a settlement of the lawsuit. 2. Assisted in soliciting potential events for the arena. Goals 1. To work with arena management to bring additional events to the Miami Arena. 92- 612 r t Sports_ Committee Mission: To take a primary role in the attraction of sports events to the City of Miami facilities; to monitor and advise on development of additional sports facilities in the City. Accomplishments 1. Helped promote NAIL exhibition games at Miami Arena. 2. Assisted in promoting numerous local events, including: Miami Mile, Special Olympics, Miami Wheelers, Florida Law Enforcement Games, Northwest Express Track & Field Classic, etc..... 3. Assisted with kick-off of Florida Marlins season ticket drive. Goals 1. To work with City to improve Melreese Golf Course. 2. To attract additional sports franchises and events to Miami. 3. To continue working with existing events in the City of Miami. forms/comm-struct 12 am 92-- 612 ,NYC Chairman t MNler J. bewkins, bi. KffnWh Albano all BAW _ Ell Felnbffrg k Julb OonrANebel 1 NoM $. htuell — � p6beR peilklar Mre. !=rankle Haft o o J. Skip &board Miltton Vk�lire Mk hoe! t60by .. q wklImA P". "I, Executive blre6krr Chrleto W G. K *V, !Serbs! OXWIW k� 1 1 i I � ti Io C C) �nEl mo �G�C� O O O � O �nG�obORD ca��G�oQaRw MEMORANDUM TO: Honorable Mayor and Members of the City Commission FROM: William R. Perry, III 6� Executive Director Miller J. Dawkins, Chairman Dr. Kenneth Albano gill Bayer Eli F'ainb" Julio Gonzalez•Rebull, Sr. Neal Harrington Stephen S. Nuell Robert Rethier Mrs. Prankle Rolle J. Skip Shepard Steve Suarez Won Vickers Michael Zopby Willlem Perry, ill, Executive Dhectoi Christopher G. Korpe, General counsel DATE: September 9, 1992 RE: Nami Sports and Exhibition Authority Fiscal Year 1992-93 Proposed Administrative Budget. RECOMMENDATION It is respectfully recommended that the City Commission adopt the attached resolution approving the Fiscal Year 1992-93 Proposed Miami Sports and Exhibition Authority Administrative Budget pursuant to Section 52.6-10 of the City Ordinance. BACKGROUND The Miami Sports and Exhibition Authority Administrative Budget is funded from certain -- allocated proceeds of the Convention Development Tax, levied pursuant to Florida Statute 212.0305, and other Authority revenues. -* Section 52.6-10 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. At its meeting on September 9, 1992, the Miami Sports and Exhibition Authority adopted a Proposed Fiscal Year 1992-93 Administrative Budget 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. 92— '612 300 Biscayne Boulevard Way, Suite 1120, Miami, Florida 33131 (305) 381-8261 / Fax (305) 375-0636 R MEMORANDUM A TO: Honorable Mayor and Members of the City Commission FROM: William R. Perry, III Executive Director DATE: September 9, 1992 Miller J. Dawkins, Chairman Dr. Kenneth Albano 8111 sayer Eli Feinberg Julio Gonzalez -Rebuff, Sr. Neal Harrington Stephen S. Nuail Robert Ratinar Mrs. Frankie Aolle J. Skip Shepard Steve Suarez MMM Viokera Michael Zoqby WHliem Parry.111, Executive Dfrectoi Christopher G. KoMe, Oerrerat Counsel RE: Lam! Sports and Exhibition Authority Fiscal Year 1992-93 Proposed Administrative Budget. �• +,lul' L1� : II �� It is respectfully recommended that the City Commission adopt the attached resolution approving the Fiscal Year 1992-93 Proposed Miami Sports and Exhibition Authority Administrative Budget pursuant to Section 52.6-10 of the City Ordinance. ..� BACKGROUND The Miami Sports and Exhibition Authority Administrative Budget is funded from certain -* allocated proceeds of the Convention Development Tax, levied pursuant to Florida Statute 212.0305, and other Authority revenues. -* Section 52.6-10 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. At its meeting on September 9, 1992, the Miami Sports and Exhibition Authority adopted a Proposed Fiscal Year 1992-93 Administrative Budget 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. 92-- 612 300 Biscayne Boulevard Way, Suite 1120, Miami, Florida 33131 (305) 381-8261 / Fax (305) 375-0636 00 Honorable Mayor and Members of the City Commission Page 2 r Actual expenditures are monitored on a monthly basis pursuant to Chapter 52.6-5 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 a complete fiscal year 1992-93 audit pursuant to Section 52.6-11 of the Miami Sports and Exhibition Authority Ordinance. The fiscal year 1992-93 budget has been increased for the first time in three years to allow the Authority to increase its emphasis on attracting additional convention activity in the City of ^- Miami. The increase is primarily attributable to those line items that are affected by this increased effort to obtain additional conventions as follows: P- v'4?:;# ; y/ K�c¢t f. ¢..• 7/.+.' ''.,.;tf;'.•,:Y:,•.'1.+'a'+Yo•Y,(.+ t, n3';{i+••.:iv T>. 8.::+y it•{::iiT'+'sC::xxv, ^' },y4 4. \;\\ 'S :O ' '+ +7+ ,1+�?:y�>'i:'l�'\Q•$ .{f}+ry,K:. 'ti,•}\�T.\.+ 7l'4?;+K'' ?;k�i;'; ::,1,M,.,tia:;w,:e';r,.,+.^.;:t?;'yi,';t+,d,:Mh2?r»'fi;FTc.',.?cjC'S:;::YC :?Yg : \�'•: .. �'. {�i1>�#>ii 0"�T.•>�5:... + :•�'.;$iT.'?<••:{L';wti g i�i :ram' K: K�; •:yvv K+•. . y.h :v+Ir{:::{•: �':}'iY"•\`i;'•'•'•T?CT::•} ... T.i•r.»t:. \;:i �;;.+.:.:::.S;;i?.:.i{;?:S:.i;:y;:.}ATi•{n;:.j}•.Tv.}%ry:::::::.i;}; {��;;T i;{.j•:OT •.: •'.ri.: v.'+'. Professional Services $60,000 Event Sponsorship $35,000 Business Travel $33,500 Business Meeting $11,000 Expenses Audit $10,000 The accompanying notes to the proposed budget more fully explain in detail the items above listed and their respective impact on the budget. Although this budget reflects the best available information regarding administrative responsibilities and program development, a supplemental budget would be submitted for Miami Sports and Exhibition Authority and City Commission approval if future administrative or operational needs require. 14 92- 612 RESOLUTION NO. A RESOLUTION APPROVING THE ATTACHED FISCAL 1992-93 ADMINISTRATIVE BUDGET OF THE MIAMI SPORTS AND EXHIBITION AUTHORITY. WHEREAS, the Ordinance creating the Miami Sports and Exhibition Authority requires that the Authority establish a fiscal year coinciding with that of the City, and also requires that the City ... Commission approve the administrative budget to be submitted on City budget forms for appropriate consideration; and WHEREAS, the Miami Sports and Exhibition Authority on r— September 9, 1992 approved its 1992-93 fiscal administrative budget; and u WHEREAS, the attached forms identify categories for compensation and benefits, administrative, professional and consultant services, and capital expenditures totaling $1,061,069; and WHEREAS, the categories reflected in the projected budget comply with the mandate contained in the ordinance creating the Miami Sports .and Exhibition Authority 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 will 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 this budget; and WHEREAS, the total fiscal year 1992-93 proposed administrative budget totals $1,061,069 which is a $196,834 increase from the previous fiscal year. 15 92- 612 k " MR1 NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY 1r' OF MIAMI, FLORIDA: { Section 1. The attached Miami Sports and Exhibition �. Authority Fiscal Year 1992-93 Administrative Budget is hereby approved. PASSED AND ADOPTED this _ day of , 1992. i o:k XAVIER L. SUAREZ, MAYOR ATTEST: MATTY HIRAI, CITY CLERK .- .-� ...= %. r '' r i CITY OF MIAMI GOALS AND OBJECTIVES FISCAL YEAR 1992-93 r PAGE OF FUND: CITY OF MIAMI SIGNIFICANT ACCOMPLISHMENTS/ PERFORMANCE INDICATORS FISCAL YEAR 1990-91 DEPARTMENT: Miami Sports and Exhibition Authority 1. Refunded Special Obligation Series 1992 bonds, resulting in a savings of $550,000 up front and $828,000 over the next twelve years. 2. Created Miami Midnight Basketball League for marginal high school students. 3. Initiated development of new brochure highlighting downtown Miami as a convention destination. 4. Participant in planning for 1992 Junior Chamber International World Congress. 5. Participant in bid for 1998 Goodwill Games. 6. Promoter of annual NHL exhibition game at Miami Arena. 7. Participant in preparation of first -ever South Florida Sports Facilities Guide. 8. Coordinated Miami governmental involvement in effort to land Florida Marlins and active participant in initial Marlin season ticket drive. 9. Sponsor of Miami Northwest Express Track & Field Classic. 10. Sponsor of inaugural Miami Mile. 11. Sponsor of Miami Wheelers National Cycle League franchise. 12. Assisted City development of Curtis Park. Coordinated dedication ceremony featuring Florence Griffith Joyner. 18 92-d 612 pease nc 'IR 11 City of Miami Affirmative Action Status Miami sports and Exhibition Authority Monthly/Yearn October 1992 Job Categories i. Top Administrator *� Executive Director 1 Subtotal % of Total Employees __. Professionals a Chief Financial officer Marketing Manager % of Total Employees �! III. All Others Administrative Assistant Secretary Part Time Clerical Asst. v subtotal % of Total Employees Total Employees by Ethnic/Racial Categories Percent Female Employees % of Total Employees All Minorities i Women f % of Total Employees �f V 19 Jim MME 92- 612 _ CITY OF MIAMI TOTAL DEPARTMENTAL BUDGET FISCAL YEAR 1992-93 ' DEPARTMENT: Miami Sports and Exhibition Authority ' NON OPERATING TOTAL fRINGE OPERATING CAPITAL EXPENSES SOURCE POSITIONS SALARIES AND WAGES BENEFITS EXPENSES - FUNDS �- 10,600 849,069 80 CDT 5 229,768 69,785 223,916 315,000 162,000 50,000 212,000 20, Seat Use Charge 1 N O i I qrr 10,60Q 1,061,069 100 i - +T� :70OTAL 5 229, 768 69,785 385,916 365,000 ��R ( Ec� cooE PAGE OF {' DM8 1.5 .. _... CITY OF MIAMI GRANT BUDGET SUMMARY (EXCLUDING CAPITAL PROJECTS) NAME OF GRANT: FISCAL YEAR 1992-93 ry N M is:) FUND DEPARTMENT Miami Sports 6 Exhibition Authority CODE DIVISION CODE PROJECT NO. FUNDING SOURCE Florida Statute 212 CONTRACT PERIOD TOTAL FUNDING UNCOMMITTED BALANCE 9130192 ESTIMATED FOR 1992-93 (2) (3) (4) (s) CODE P22911) DESCRIPTION OMB FORM NO. MODIFIED BUDGET 1991-92 AS OF 3/,31/92 Bt)OrET REQUEST 1992-93 INCREASES (DECREASES) (4) - (3) = 5 031 Salaries and wages 5.2 205,150 ,768 24,618 050- 199 Other Pay 5.3 61,286 69,785 4# 8,499 001 199 TOTAL PERSONNEL SERVICES 266,436 299,553 33,117 799 Operational Expenses 5.4 590,300 750,916 160,616 800- Capital Outlay 5.5 7,500 10,600 3,100 200 899 TOTAL OTHER EXPENSES 597,800 761,516 163,716 001- 899 TOTAL EXPENSES 864,236 1,061,069 196,834 Matching City Funds TOTAL NO. OF POSITIONS 5.2 DM8 5.1 PAGE OF - CITY OF MIAMI GRANTS - SALARIES AND WAGES (EXCLUDING CAPITAL PROJECTS) FISCAL YEAR 1992-93 FUND DEPARTMENT Miami Sports 6 CODE DIVISION CODE Exhibition Authority NAME OF GRANT PROJECT NO.' FUNDING SOURCE CONTRACT PERIOD GRANT REOUEST 1992-93 O.M.B. 5.2 FOR t992-93 Florida Statute 212 (�) (2) (3) (4) (5) (6) - OBJECT CODE POSITION TITLE MODIFIED BUDGET I99I.g �� OF POS. BUDGET REQUEST 1992 93 I OF POS. INCREASE (DECREASE) I OF EXPLANATION A OF 92 (4) (3) _ (5) pOg, Executive Director 63,250 1 70,840 1 7,590 j Cheif Financial 51,700 1 57,904 1 6,204 ! Officer Marketing Manager 41,800 1 46,816 1 5,016 Administrative 29,700 1 33,264 1 3,564 >u Assistant Secretary/ Receptionist 18,700 1 20,944 1 2,244 PAGE TOTAL 205,150 5 229,768 5 24,618 CATEGORY TOTAL 205,150 5 229,768 5 24,618 DMEI 5.2 PAGE OF _ CITY OF MIAMI PAGE OF BUDGET JUSTIFICATION DETAIL FOR MOTORCYCLE ALLOWANCES, FRINGE BENEFITS, OTHER OPERATING EXPENSES$ NON -OPERATING EXPENSES, AND CAPITAL OUTLAY FISCAL YEAR 1992-93 FUND CDT DEPARTMENT MSEA MINOR OBJECT CODE ACCOUNT NAME _ DETAILED PROJECTED EXPENDITURE JUSTIFICATION DESCRIPTION OF ITEM QUANTITY OF ITEM FOR PURCHASE UNIT PRICE (QUANTITY X PRICE) PURCHASE/EXPENOITURE- Insurance 35,000 (Group, Health h Dental) FICA/Medicare 16,404 N Retirement Plan 18,381 w CL F-* i� TOTAL $ 69,785 FY 92 ADOPTED $ 619286 FY 93 REQUESTED S 69.785 INCREASE (DECREASE) $ 8,499 DMB 4.1 CITY OF MIAMI GRANTS • OPERATING EXPENSES (EXCLUDING CAPITAL PROJECTS) FISCAL YEAR 1992-93 D FNAMEOF ND DEPAI3TME:NT am Parts & CODE IVISION CODE _- - Exhibition Authority GRANT PROJECT NO. FUNDING SOURCE CONTRACT PERIOD GRANT REQUEST 1992-93 jD.M.B.5.4 FOR 1992-93 Florida Statute 212 _ 141 l51 isi MODIFIED BUDGET OBJECT DESCRIPTION 1991.92 CODE I I AS OF 3131192- office Rent Staff Parking Postage General Insurance Telephone Office Equipment Rental/Maintenanc office Supplies Courier -Messenger Business Travel Business Meeting Expenses Auto Transportati< Parking Printing Memberships/Subs. Public Relations/ Marketing Conference Regist Event Sponsorship • Contingencies 34,200 4,500 2,000 12,000 15,000 4,500 4,000 3,500 16,500 9,000 12,100 3,000 5,500 3,000 1,500 100,000 65,000 BUDGET REQUEST 1992.93 35,916 4,500 2,500 12,000 15,000 5,000 4,500 4,000 50,000 20,000 15,000 4,000 5,500 3,000 5,000 135,000 65,000 385,916 385,916 INCREASE (DECREASE) (4) - (3) = (5) 1,716 0 500 0 0 500 500 500 33,500 11,000 2,900 1,000 0 0 3,500 35,000 0 90,616 90,616 EXPLANATION PAGE OF. - Opp CITY OF MIAMI GRANTS - OPERATING EXPENSES (EXCLUDING CAPITAL PROJECTS) FISCAL YEAR 1992-93 FUND DEPARTMENT Miami sports & CODE DIVISION CODE Exhibition Authority NAME OF GRANT PROJECT NO. FUNDING SOURCE CONTRACT PERIOD GRANT REQUEST 1992-93 D:M.B_ 5.4 FOR 1992-93' Floridai Statute 212 OBJECT CODE DESCRIPTION MODIFIED BUDGET 1991-92 AS OF 3131192 BUDGET REOU£ST IM-93 INCREASE (DECREASE) N1 - (3) = (5) PROFESSIONAL SERVICES Legal Support 90,000 90,000 0 Audit 15,000 25,000 10,000 Professional 190,000 250,000 60,000 Services — Others N to EXPLANATION m OF _. _ a N O� _ CITY OF MIAMI GRANTS - CAPITAL OUTLAY (EXCLUDING CAPITAL PROJECTS) FISCAL YEAR 1992-93 FUND DEPARTMENT Miami Sports and CODE DIVISION CODE Exhibition Authority NAME OF GRANT PROJECT NO. FUNDING SOURCE CONTRACT PERIOD GRANT REQUEST 1992-93 D.M.D. 5.5 FOR 1992-93 Florida Statut 212 --- OBJECT MODIFIED BUDGET CODE DESCRIPTION 1991.92 AS OF 3131192 CAPITAL EXP. Furniture & 2,500 Fixtures Office Equipment 5,000 Purchase w I BUDGET REQUEST 1992.93 3,600 7,000 PAGE TOTAL 7,500 10,600 CATEGORY TOTAL 7,500 10,600 DMB 5.8 INCREASE (DECREASE) (4) - (3) _ (5) 1,100 2,000 3,100 3,100 (6) __- _ I EXPLANATION PAGE— I ... .-'w�Y'fi'6NIk�r°�fi'�r''�fu •GS6ik'i tali A�H7. 9�tti fe. $i mt:�r ,��.�.'A. I d M.", %NO EXHIBITION AUTHORITY 'AERATING BUDGET %NO SEPTEMBER 30,1993 35,916 4,500 500 10 0.000 000 L -u 19-Aug-92 Draft 6 MIAMI SPORTS AND EXHIBITION AUTHORITY PROPOSED OPERATING BUDGET FOR THE YEAR ENDING SEPTEMBER 30,1993 FUNDING I. COMPENSATION & BENEFITS: Compensation: Executive Director 63,250 70,840 7,590 Chief Financial Officer 51,700 57,904 6,204 Marketing Manager 41,800 46,816 5,016 Administrative Assistant 29,700 4264 3,564 Secretary/Receptionist 18,700 20,944 2,244 205,150 229768 24618 Payroll Taxes &Benefits: Group Insurance 29,933 35,000 5,067 FICA Contribution 14,940 16,404 1,463 Retirement Plan 16,412 18,381 1,969 61,286 69,785 8 499 TOTAL COMPENSATION do BENEFITS 268.436 299.553 39.117 11, ADMINISTRATION Office Rent 34,200 35,916 1,716 35,916 Staff Parking 4,500 4,500 0 4,500 �0 2,500 General Insurance 12,000 12,000 12,000 Telephone 15,000 15,000 0 15,000 Office Equipment Rental/Maintenance 4,500 5,000 500 5,000 Office Supplies 4,ODO 4,500 500 4,500 Courier & Messenger 3,500 4,ODO 500 4,000 Business Travel 16,500 50,ODO 33,500 40,000 Business Meeting Expenses 9,000 20,000 11,000 16,000 Auto Transportatlon/Parking 12,100 15,000 2,900 15,000 Printing 3,000 3,ODO 0 3,000 Memberships/Subscriptions 5,500 5,500 0 5,500 Public Relations/Marketing 3,000 4,000 1,000 4,000 Conference Registration 1,500 5,000 3,500 5,000 Event Sponsorship 100,000 135,000 35,000 Contingencies 65,000 65,000 0 52.000 TOTAL ADMINISTRATIVE EXPENSES 295,300 385,916 90.6161 223.916 Audit Support Professional Svcs - Other 90,000 15,000 190,000 90,000 25,000 250 000 0 10,000 60,000 90,000 25,000 200 000 39 000 TOTAL PROFESSIONAL SERVICES N. CAPITAL EXPENDITURES 295,000 365,000 70,000 Furniture & Fixtures Office Equipment Purchase 2,500 5,000 3,600 7,000 1,100 2,000 3,600 7,000 TOTAL CAPITAL EXPENDITURES 10,000 4,000 135,000 13.000 w 27 92612 C1 NOTES TO PROPOSED BUDGET Executive Director Position responsible for the overall administration and operation of the Authority and its staff. The director shall act as the Chief Executive Officer of the Authority. Subject to the policy directives of the Authority, the director shall have general supervision over and be responsible for the operation and maintenance of all authority properties, activities, and facilities. The director shall attend all meetings of the authority, furnish the authority a monthly report with respect to the operation, maintenance and financial condition of the authority, and shall from time to time have prepared and shall furnish such reports, audits and other information relating to said authority as may be required. The proposed salary is $70,840. r Chief Financial Officer Responsible for structuring and administering terms of municipal bond funds and loan r agreements, monitoring project funds, debt service and investments, including research into investment opportunities and report preparation. Liaison with other governmental entities in all matters pertaining to finances. Responsible for the monthly statements of operational revenues r and expenditures, and analysis of budget variance. Coordinates annual budget preparation and cash flow analysis of the Authority for both internal operations and special project funding purposes. Maintains computerized general ledger system for daily operations, payroll and capital projects. Coordinates Authority's annual audit conducted by an independent CPA firm, and prepares Responses to Auditor's Report to Management. Monitors local, state and other economic activities with potential to impact the Authority's projects and operations. The proposed salary is $57,904. Marketing Manaaer Responsible for monitoring the national profile of sports and convention facility development and/or renovation. Monitoring status of all professional sports leagues for expansion/relocation opportunities. Liaison with other governmental/civic organizations in regards to sports/conventions activities. Authority representative in all Authority sponsored/promoted _ events. Responsible for creating and maintaining a favorable public image for the Authority. Coordinates all Authority special projects and events. Responsible for bid preparation in attracting additional sporting events/franchises and conventions to Miami. Conducts field research related to new Authority projects. Office liaison with local and national media. The proposed salary is $46,816. Administrative Assistant Position provides direct administrative support to the Executive Director, Chief Financial Officer, Marketing Manager and Board of Directors. Oversees all of the organization's daily operations through the coordination of personnel matters, policies, work flow management and general office procedures. Additionally, the individual in this position serves as office manager. Other 28 92-- 612 responsibilities include the completion of reports to governmental agencies, coordinates payroll functions, maintains and processes documentation pertaining to employee benefit plans including group insurance, retirement plans etc. Designs, organizes and supervises specialized projects 0 as assigned by the Executive Director. The proposed salary is $33,264, Secretary/Receptionist Position is responsible for all aspects of clerical and secretarial duties including preparing the Authority's monthly agenda packages. Additionally this position is responsible for accounts payables, the recording of accounts receivables, prepares draws for Decoma Venture and Coconut Grove Exhibition Center. Other responsibilities include assisting the Chief Financial Officer with preparation of the budget, maintains and updates general office filing system. Operates and maintains all office equipment including computers, printer, copier, facsimile machine, typewriter, postage and meter scale, etc. The proposed salary is $20,944. 29 9 2 .-- 612 a PAYROLL TAXES & BENEFIT'S Group, Insurance The anticipated cost for group medical and dental coverage for full-time employees is $35,000. The amount budgeted reflects an increase of $5,067 from the previous fiscal year due to escalated insurance premiums and as a result of falling into a higher risk category. Health care costs have increased by 40-55% in the Dade County area over the past 18 months. FICA/Medicare Contribution The FICA/Medicare contribution is 7.65% of total employee compensation up to a ceiling of $55,500 per employee salary. The proposed FICA/Medicare contribution for 1992-93 is $1,463 over the previous year. Retirement Plan The proposed budget includes an 8% of total salary contribution per Authority employee. The anticipated contribution for 1992-93 is $18,381 which represents an increase of $1,969 over last year. ADMINISTRATION Office Rent Pursuant to a 2 year lease signed July 1, 1992 between the Miami Sports and Exhibition Authority and Dupont Plaza Center, the Authority is responsible for 2375 square feet of office space at a cost of $2,993 per month. The rent amount represents a 5% increase over last year. Staff Parking Projections are based on leasing parking spaces at the Dupont Plaza Center garage for office personnel. The cost of 5 spaces is $375.00 per month. The aggregate amount for the year is $4,500 which represents no change from the previous year. Postage The proposed budget amount for postage is $2,500. This amount includes the lease of an -. electronic postage meter, scale, and the purchase of stamps for general office correspondence and committee correspondence for Authority members. The amount budgeted for postage in 1992-93 is an increase of $500 over the previous year. 30 92- 612 '11 General insurance Premium payments of $12,000 are projected for the next fiscal year to provide insurance coverage for Authority operations. The insurance offers protection from Commercial Crime, coverage for employee dishonesty, Commercial Property for fire, Commercial Liability, Commercial Umbrella Liability for injury, and Workmen's Compensation coverage. This amount is unchanged from the previous fiscal year. Telephone The proposed budget amount of $15,000 includes all anticipated telephone expenses for general office operations, including charges from Southern Bell, BellSouth Mobility, and Micro Media long distance calling. This amount is unchanged from the previous fiscal year. .— Office EQuinment Rental/Maintenance The proposed budget amount of $5,000 includes the lease of photocopy equipment, an annual r- maintenance agreement on an electric typewriter, computer equipment, tape recorder for Authority meetings, photocopier, and facsimile machine. This amount represents an increase of $500 over the previous year's expenditures. Office Supplies The proposed budget amount is $4,500 for all general office, photocopy and computer supplies. This amount represents a $500 increase over from the previous fiscal year. Courier & Messenger The proposed budget amount is $4,000. This amount includes expenditures for local courier service, hand delivered documents and emergency deliveries, as well as Federal Express overnight deliveries. This line item represents a $500 increase over the previous fiscal year. Business Travel Expense The proposed amount of expenses for out of town travel is $50,000. This includes funds for airfare, hotel and meals for staff and Authority members. who travel on behalf of MSEA. The amount budgeted for travel is increased by $33,500 due to a projected increase in the effort to acquire additional conventions for the City of Miami. Business Meeting Expenses The proposed amount of $20,000 includes conference room rental and refreshments for monthly Authority, committee, and any other meetings, in addition to meals and supply costs for conferences related to MSEA projects. The amount budgeted for business meeting expenses is $11,000 over the previous fiscal year. This increase is attributed to the increased effort to acquire additional conventions for the City of Miami. 31 0 Auto Transnortation/Parkina Anticipated yearly expenditures for auto transportation parking are $15,000. This amount includes reimbursement for mileage at 27.5 cents per mile, parking and tolls for MSEA staff, R_ parking expenses for Authority members and guests attending meetings at MSEA offices, and yearly car allowance. The amount budgeted for auto transportation is $2,900 over the previous fiscal year. K- Printin The proposed budgeted amount of $3,000 includes MSEA stationery, business cards, professional printing costs and copies over the photocopy machine allowance . The amount budgeted is unchanged from the previous budget year. e- Membershiv/Subscriptions The proposed budget amount of $5,500 includes fees for membership in professional planning and management organizations that provide the Authority with resource material for projects and professional staff development, as well as subscriptions to local and professional publications, -� and electronic bulletin boards. The budgeted amount for membership/publications is unchanged from the previous budget year. Public Relations/Marketing The proposed budget amount of $4,000 provides funding for the Authority to develop special promotional materials related to Authority projects, City related projects highlighting Authority activity, and legal advertisements. This amount represents a $1,000 increase from the previous budget year. Conference Registration The proposed budget amount of $5,000 includes fees for staff participation in local and national meetings pertaining to Authority business, as well as enhanced education for professional development. The amount budgeted for conference registration is $3,500 over the previous year. This line item will be increased due to our efforts to acquire additional conventions for the City of Miami. Event Sponsorship -- The proposed budget amount of $135,000 is scheduled to provide funding by the Authority for the sponsorship of special events. This amount represents a $35,000 increase over the previous fiscal year. Event sponsorship has been increased to help the Authority meet the needs of the community. A heavy emphasis will be placed on bringing pre -Olympic events to Miami leading up to the Olympics in Atlanta in 1996. 32 92- 612 r s� Contineencies The proposed budget amount of $65,000 includes miscellaneous costs associated with Authority operations and unforeseen emergency expenses. This amount is unchanged from the previous fiscal year. Legal Support The proposed budget amount of $90,000 is for provision of legal support to the Authority. This amount is unchanged from the previous budget year. This category does not include any extraordinary legal expenses which may be incurred as a result of any disputes, future litigation ,., or employee representation. Audit The proposed budget amount of $25,000 is to retain a national certified public accounting firm to be retained for the annual Authority audit and to provide assistance with internal financial accountability. The budget amount represents a $10,000 increase from the previous fiscal year. Professional Services -Other .. The proposed budget amount of $250,000 is to cover costs that are periodically incurred for professional consultants and administrative support services. This amount also represents funds ^' that the Authority, with approval from the Board, can implement on research, topical studies, project proposals and miscellaneous costs incurred for the development of projects. Due to the importance of securing additional conventions for the City of Miami a majority of this funding will go toward this effort. Furniture & Fixtures The proposed budget amount of $3,600 is for the anticipated repair of existing furniture and fixtures. This amount is $1,100 over the previous fiscal year. Office Equipment Purchase The proposed budget amount of $7,000 is for the anticipated purchase of computer equipment and system upgrades. This amount represents a $2,000 increase over from the previous fiscal year. ,� 33 9 2 - 612 G BOARD OF DIRECTORS Miller J. Dawkins, Chairman Dr. Kenneth Albano, Vice -Chairman Bill Bayer, Vice -Chairman Stephen Nuell, Vice -Chairman Eli Feinberg Neal Harrington Robert Ratiner Julio Gonzalez Rebull, Sr. Mrs. Frankie Rolle J. Skip Shepard Steve Suarez Milton Vickers Mike Zogby William R. Perry, I1I, Executive Director Christopher G. Korge, General Counsel 92- 612 SEA—i 4---92 MON i ii � M S E Ai i ::��rt1�1 �1�1 i7)i l�l y ��:� 1(•,'i� (tj 1��( ),rhL; ��i �)� �;J'� Ij �11 MEMORANDUM TO: Lori Lutes, Legislative Administrator FROM: William R. Perry, )II v'r Executive Director DAIS: September 14, 1992 Wier bawkins,Ghairman Dr. Kennelh Albs6o 941 Bayer 0i Foinba%p JVfkI Qr,.+rdk±r•getault, sr. Neol Harringron $lephyn S. Wall Robert Rattner Mrs. Frankie Road J $Rile {jars ' Steve StrJrel M4A Vickers Mk:haM Zogby Wdlurm Retry, III, Exe';U0Ve Director �hnalnptpr G. Korge, General Counset RE: MjgMi Sports &.Exhibition Awbgrity Budget Resolution. Enclosed Is a copy of the 1992-93 Miami Sports and Exhibition Authority Budget Resolution that was approved by the full Board of Directors on September 9, 1992. Please include this as a discussion item on the September 24, 1992 City Commission agenda. If you have any further questions please feel free to contact me. enclosures WRY/wgWbudget.rw 92- 612 3(X) Bisc4m, Nxilmirci 1h,ty, Suitct'I'l:'t), Miami, Florida 3313,1 (105) .181-8261 / Kxx (.305) 37S-M36