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Home My WebLink AboutExhibit ALittle Haiti Revitalization Trust October lst, 2023 to September 30th, 2024 Budget Revenues Annual Special Revenue $ 6,449,000.00 Other $ - Total $ 6,449,000.00 Expenditures Furniture (Desks, Chairs etc) $ 4,000.00 Office Equipment (Computers, phones, copiers printers etc) $ 6,000.00 Miscellaneous $ 1,000.00 Total $ 11,000.00 Regular Salary and Wages Fringe Benefits FICA Taxes - 7.65% Retirement Contributions - 8.00% Life and Health Insurance - 6.50% Workers' Compensation - 1.09% Total 205,000.00 $5,000 1,000.00 15,000.00 12,000.00 10,000.00 2,000.00 245,000.00 Professional Services - Legal Professional Services Accounting and Auditing General Liability Insurance Other Contractual Services Travel and Per Diem Communications and Related Services Postage Utility Rentals and Leases Repair and Maintenance Services Printing and Binding Advertising and Related Costs Other Current Charges and Obli Office Supplies Insurance - General Liability Operating Supplies 184,000.00 $175,000 $ 4,000.00 $ 4,000.00 $4,000 $ 2,000.00 $ 2,000.00 $ 1,000.00 $ 11,000.00 $ 1,000.00 $ 10,000.00 Clothing Uniform Motor Fuel Public Safety Supplies Subscriptions, Memberships, and Licenses $ 2,500.00 $2,500 Interfund Transfer Capital Projects and Purchases All Other Expenditures Budget Reserve Total $ 202,000.00 $ 4,269,500.00 ($186,500) $ 4,693,000.00 Assistance to businesses Closing costs/Down payment assistance $ 500,000.00 $ 500,000.00 Homeowner Rehab Program $ 500,000.00 Total $ 1,500,000.00 Expenditure Grant Total $ 6,449,000.00 Revenues Grand Total 6,449,000.00 Expenditures Grand Total Revenues Minus Expenditures 6,449,000.00 0 $4,451,000 $ 6,449,000.00 Little Haiti Revitalization 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 0 2 2 2 2 2 0 Are any positions funded in other budgets? No No No No No If so, how much is in this budget? $0 $0 $0 $0 $0 If so, how much is in the other budget? $0 $0 $0 SO $0 N/A Revenues 439000 Pmts Other Local U In Lieu 0 $0 $0 $100,000 $199,000 _] $199,000 $249,000 +$50,000 Contribution from City's General Fund 461110 Misc-Int & Pen -Investment $0 $512 $39,748 $0 $172,311 $0 $0 461300 Misc-Net Increase Decrease l $0 $0 -$67,552 $0 $30,374 $0 $0 466000 Misc-Contributions And Donat $0 $6,000,000 $0 $0 $0 $0 $0 $0 489900 Other-Oth N-optg Sour/Carryo $0 $0 $0 $6,100,000 $6,071,795 $6,200,000 +$100,000 Revenue Grand Total $0 $6,000,512 $72,196 $6,299,000 $6,473,479 $6,449,000 $150,000 Expenditures i MI Regular Salary and Wages $0 $0 $0 $149,000 $82,000 $205,000 +$56,000 Fringe Benefits $0 $0 $0 $1,000 $0 $1,000 $0 FICA Taxes $0 $0 $0 $11,000 $6,000 $15,000 +$4,000 Retirement Contributions $0 $0 $0 $12,000 $12,000 $12,000 $0 Life and Health Insurance $0 $0 $0 $10,000 $10,000 $10,000 $0 Workers' Compensation $0 $0 $0 $2,000 $2,000 $2,000 $0 Unemployment $0 $0 $0 $0 $1,000 $0 $0 Professional Services $0 $0 $0 $9,000 $1,000 $184,000 +$175,000 Accounting and Auditing $0 $0 $0 $4,000 $0 $4,000 $0 Other Contractual Services $0 $750 $0 $2,000 $5,000 $2,000 $0 Travel and Per Diem $0 $0 $0 $2,000 $0 $2,000 $0 Rentals and Leases $0 $164 $0 $1,000 $0 $1,000 $0 Insurance- General Liability $0 $0 $0 $0 $0 $4,000 +$4,000 Advertising and Related Costs $0 $0 $0 $11,000 $5,000 $11,000 $0 Office Supplies $0 $0 $0 $1,000 $0 $1,000 $0 Operating Supplies $0 $0 $0 $10,000 $10,000 $10,000 $0 Subscriptions, Memberships, and Licenses $0 $0 $0 $0 $0 $2,500 +$2,500 Equipment & Furniture $0 $0 $0 $13,000 $0 $11,000 -$2,000 All Other Expenditures $0 $0 $0 $0 $0 $202,000 +$202,000 Aids to Private Organization $0 $0 $0 $1,500,000 $0 $1,500,000 $0 Assistance to businesses, Closing Costs/Down Payment Assistance/Homeowner Rehab Program Budget Reserve $0 $0 $0 $4,561,000 $0 $4,269,500 -$291,500 Expenditure Grand Total $0 $914 $0 $6,299,000 $134,000 $6,449,000 $150,000 Revenues Minus Expenditures so $5,999,598 $72,196 $0 $6,339,479 $0 'Fund Balance $5,999,5981 $6,071,7951 $6,339,4791 Outside Agency Name Budget Template Revenues Revenue 2 Revenue 3 Revenue 4 Little Haiti Revitalization Trust FY 2020-21 Actual FY 2021-22 Adopted FY 2021-22 Projection FY 2022-23 Proposed Actuals Number of Full -Time Positions 2 2 2 2 Are any positions funded in other budgets? No No No No If so, how much is in this budget? No No No No If so, how much is in the other budget? No No No No Revenues Prior Year Fund Balance Prior Year Fund Balance City of Miami Proposed Contribution $6,000,000 $1,726,248 $1,726,248 $6,000,000 $100,000 $100,000 $199,000 Revenue Grand Total $6,000,000 $1,726,248 $1,826,248 $6,299,000 Expenditures 11 Regular Salary and Wages $0 $149,000 $0 $149,000 Fringe Benefits $0 $600 $0 $1,000 FICA Taxes $0 $11,399 $0 $11,000 Retirement Contributions $0 $11,920 $0 $12,000 Life and Health Insurance $0 $9,685 $0 $10,000 Workers' Compensation $0 $1,624 $0 $2,000 $ 41,066.09 Professional Services $0 $8,500 $0 $9,000 Accounting and Auditing $0 $4,000 $0 $4,000 Other Contractual Services $0 $1,500 $0 $2,000 $ 3,623.10 Travel and Per Diem $0 $1,500 $0 $2,000 Postage $0 $125 $0 Rentals and Leases $0 $850 $0 $1,000 $ 164.00 Printing and Binding Outsource $0 $250 $0 Operations Insurance $0 $2,395 $0 Advertising and Related Costs $0 $10,500 $0 $11,000 $ 3,135.91 Other Current Charges & Obligation $0 $250 $0 Office Supplies $0 $500 $0 $1,000 Operating Supplies $0 $500 $0 $10,000 Subscriptions, Memberships, and Licenses $0 $150 $0 Equipment & Furniture $0 $11,000 $0 $11,000 $ 5,246.26 All other Expenditure $0 $0 $2,000 Assistance to businesses $500,000 $0 $500,000 Closing cost/down payment assistance $500,000 $0 $500,000 Homeowner Rehab Program $500,000 $0 $500,000 Budget Reserve $4,561,000 Expenditure Grand Total $0 $1,726,248 $0 $6,299,000 $ 53,235.36 Revenues Minus Expenditures $6,000,000 $0 $1,826,248 $0