HomeMy WebLinkAboutExhibit ABayfront Park Management Trust
Budget Template FY 2023-24 Proposed Budget
FY 2019-20 Actual
FY 2020-21 Actual
FY 2021-22 Actual
FY 2022-23 Adopted
FY 2022-23 Projection
FY 2023-24 Proposed
Difference
Notes
Number of Full -Time Positions
16
16
16
16
14
16
0
Are any positions funded in other budgets?
No
No
No
No
No
No
Revenues
i
Intergovernmental revenue
$3,735,869
$3,713,052
$0
$4,000,000
$5,000,000
$2,000,000
-$2,000,000
CRA funds for improvements at Maurice A
Ferre Park
General Revenues
$1,792,770
$1,661,591
$4,166,567
$2,747,833
$3,994,371
$3,654,629
+$906,796
Skyviewsurcharge revenues.
Special Events & Marketing Revenues
$1,024,652
$1,258,840
$2,188,931
$1,721,000
$4,048,712
$4,137,000
+$2,416,000
Ultra festival
Community donations
$0
$0
$0
$0
$88,000
$88,000
+$88,000
Reserve Transfer Funds
$0
$0
$0
$8,106,221
$0
$16,198,244
+$8,092,023
Additional funding to be used for capital
expenditure.
Revenue Grand Total
$6,553,291
$6,633,483
$6,355,498
$16,575,054
$13,131,083
$26,077,873
$9,502,819
Expenditures
General and Administrative
$769,115
$675,023
$612,525
$1,050,950
$643,407
$1,011,240
-$39,710
Special Events and Marketing
$611,805
$170,783
$1,340,236
$1,728,541
$1,580,952
$1,888,321
+$159,780
Increase of costs due ultra event
Repairs and Maintenance
$1,036,488
$1,032,340
$1,394,900
$1,676,012
$1,684,273
$2,058,760
+$382,748
Increase in security, and personnel.
Transportation Infrastructure Support
$0
$0
$0
$0
$0
$0
$0
Depreciation
$474,395
$469,552
$469,551
$469,551
$469,552
$469,552
+$1
Capital Improvements
$0
$0
$0
$11,650,000
$0
$20,650,000
+$9,000,000
Capital improvements at MAF & BFP
Expenditure Grand Total
$2,891,803
$2,347,698
$3,817,212
$16,575,054
$4,378,184
$26,077,873
$9,502,819
Revenues Minus Expenditures
$3,661,488
$4,285,785
$2,538,286
so
$8,752,899
$o
so