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HomeMy WebLinkAboutComposite Exhibit ARESOLUTION NO, 23-007 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE LIBERTY CITY COMMUNITY REVITALIZATION TRUST ("LIBERTY CITY TRUST") APPROVING AND ADOPTING THE FY2023-2024 MASTER PLAN AND ANNUAL BUDGET OF THE LIBERTY CITY COMMUNITY REVITALIZATION TRUST ("TRUST"), IN THE AMOUNT OF $833,092.00 FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2023 AND ENDING SEPTEMBER 30, 2024. Awl EMMA LADSON, CHAIR Approved by the Board of Directors of the Liberty City Community Revitalization Trust at its meeting of July 8, 2023. ELAINE H. BLACK PRESIDENT/ CEO STATE OF FLORIDA COUNTY OF MIAMI-DADE ) Subscribed and sworn to before me by ELAINE H. BLACK, President/Chief Executive Officer, as the official recordkeeper for the Liberty City Trust, who is personally My Commission expires: 4yµr u'•.•. IRIS -9JDSO' ?%^T sr^ Notary Pub.0 State of Florida y' �o: Comrr.issiar = GG 361713 `••?'oi cti My Comm. Ex:;,res Aug 1, 2023 Bondec through N P r I. Notary Assn. known to me or who produced as identification, on the /?V< day of otary Public, State of Florida EXHIBIT A LibertyTrust ���H�U���~^^^��~^ "Aug�� FY2023-24 Ri �mm�������.���^~� � General Fund - 500,000 Fund Balance C/o $ 181,092 Off -Street Parking $ 17,000 Anti -Poverty Contribution SYEPR/O(ZO21) $ - Anti -Poverty Contribution /SYEP2023\ $ VVynvvoodFundinQ $ - VVynxxomdR/O $ - Miami For Everyone $ 100,000 Parrot Jungle $ 35,000 Donations $ - Revenue Grand Total $ 1133,092 Regular Salary and Wages /512000\ $ 492,000 Fringe Benefits (516OOO) $ 5,000 FICA Taxes (S210UO) $ 37/638 Retirement . / ` ' � - 40,000 Life and Health Insurance (S23OOO) $ 55,000 Unemployment Compensation (S25OOO) $ 5,000 Professional Services (S31UOO) � Accounting and Auditing ( $ _ 12,0D00 Communications and Related Services $ 35/D00 Other Contractual Services (S34OOO) $ 95,000 Postage (541100) $ 400 Rentals and Leases /S44OOO\ $ 3,000 Insurance -General Liability (54SU13) $ 10,842 Printing and Binding /547OOO\ $ 2,500 Advertising and Related Costs (5481D0) $ 1,500 Other Current Charges & Obligation (S49OOO) $ 6,508 Office Supplies (561000) $ 8,462 Operating Supplies (562ODO) $ G'SOO Subscriptions, Memberships, and Licenses (SS4OOO) $ 750 Budget Reserve /8G6OOO\ $ - Expenditure Grand Total $ 833"O92 Liberty City Revitalization Trust FY 2023-24 Proposed Budget EXHIBIT "B" FY 2019-20 Actual FY 2020-21 Actual FY 2021-22 Actual FY 2022-23 Adopted' FY2022-23 Amended' FY 2022-23 Projection' FY 2023-24 Proposed Difference Notes Number of Full -Time Positions 5 5 +5 Are any positions funded in other budgets? No No If so, how much is in this budget? $0 $0 If so, how much is in the other budget? $0 $0 Revenues General Fund $ 199,000 $ 199,000 $ 199,000 5 500,000 $ 500,000 $ 500,000 5 500,000 +$301,000 Fund Balance C/O $ 87,762 $ 88,244 $ - $ - $ - $ - $ 181,092 Off -Street Parking $ 14,237 $ 5,600 $ - $ 17,000 $ 17,000 $ 17,000 $ 17,000 Other income $ - $ 3,821 $ 154,613 $ - $ - $ - $ - Anti -Poverty Contribution (YEP2019) $ - $ - $ - $ - $ - $ - $ - Anti -Poverty Contribution R/O $ 49,954 $ - $ - $ - $ - $ - $ - Anti -Poverty Contribution (YEP2020) $ 200,000 $ - $ - $ - $ - $ - $ - Anti -Poverty Contribution R/O $ - $ 88,185 $ - $ - $ - $ - $ - Anti -Poverty Contribution (YEP2021) $ - $ 125,000 $ - $ - $ - $ - $ - Anti -Poverty Contribution R/O $ - $ - $ - $ - $ - $ - $ - Anti -Poverty Contribution (YEP2022) $ - $ - $ 200,000 $ - $ - - $ - Anti -Poverty Contribution R/O - - $ - $ - $ - - $ - Interest $ - $ - $ 1,366 $ - $ - $ - $ - CRA $ - $ - 5 - $ - $ 60,000 $ 60,000 - Miami For Everyone (2023) - - $ - $ - $ 400,000 $ 300,000 $ 100,000 Wynwood Housing $ - $ - $ - $ - $ - - $ - Wynwood Housing R/O $ 500,000 $ 454,348 $ - $ 13,598 $ 13,598 $ 13,598 $ Parrot Jungle $ - $ 35,000 $ 34,500 $ 35,000 $ 35,000 $ 35,000 $ 35,000 +$500 Parrot Jungle R/O $ - $ - $ - $ 64,109 $ 64,109 $ 17,000 $ - $0 Donations $ - $ - $ - $ 1,000 $ 1,000 $ - $ - $0. $ - $ - $ - $ - $ - $ - $ - $0 Revenue Grand Total $ 1,050,953 $ 999,198 $ 589,479 $ 630,707 $ 1,090,707 $ 942,598 $ 833,092 $301,500 Expenditures Regular Salary and Wages $ 325,329 $ 303,765 $ 475,390 $ 335,613 $ 750,000 $ 749,500 $ 492,000 +$16,610 Other Salaries $ - $ - $ - $ - $ - $ - $ - $0 Fringe Benefits $ 2,600 $ 2,700 $ 2,600 $ 5,000 $ 5,000 $ 2,600 $ 5,000 +$2,400 FICA Taxes $ 24,701 $ 22,700 $ 34,690 $ 25,674 $ 52,020 $ 57,337 $ 37,638 +$2,948 Retirement Contributions $ - $ - $ - $ 37,500 $ 37,500 $ 11,131 $ 40,000 +$40,000 Life and Health Insurance $ - $ - $ - $ 50,000 $ 50,000 $ 18,180 $ 55,000 +$55,000 Workers' Compensation $ 333 $ 151 $ - $ - 5 - $ - $ - $0 Unemployment $ - $ - $ 464 $ 5,000 $ 7,500 $ - $ 5,000 +$4,536 Insurance -General Liability $ 3,986 $ 5,487 $ 9,711 $ 10,347 $ 13,500 $ 6,815 $ 10,842 +$1,131 Professional Services $ 16,833 $ 17,709 $ 19,125 $ 17,000 $ 17,000 $ 17,000 $ 17,000 -$2,125 Accounting and Auditing $ 7,800 $ 8,000 $ 8,200 $ 9,000 $ 9,000 $ 8,700 $ 12,000 +$3,800 Other Contractual Services $ 18,820 $ 95,821 $ 375,813 $ 87,223 $ 95,337 $ 40,170 $ 95,000 -$280,813 Other Contractual Services -Grants $ - $ - $ - $ - $ - - $ - $0 Travel and Per Diem $ - $ - $ - $ - $ - $ - $ - $0 Communications and Related Services $ - $ - $ - $ 25,000 $ 20,000 $ - $ 35,000 +$35,000 Postage $ - $ 38 $ - $ 350 $ 350 $ - $ 400 +$400 Rentals and Leases $ 1,147 $ 1,147 $ 1,109 $ 2,500 $ 3,000 $ 1,200 $ 3,000 +$1,891 Repair and Maintenance Services $ - $ - $ - $ - $ - 5 - $ - $0 Maintenance -Landscape $ - $ - $ - $ - $ - $ - $ - $0 Printing and Binding Outsource $ - $ 350 $ 100 $ 2,500 $ 3,500 $ 102 $ 2,500 +$2,400 Promotion Expense $ - $ - $ - 5 - $ - 5 - $ - $0 Advertising and Related Costs $ 703 $ 150 $ 150 $ 1,500 $ 1,500 $ 865 $ 1,500 +$1,350 Other Current Charges & Obligation $ 1,667 $ 474 $ 603 $ 5,000 $ 8,500 $ 1,041 $ 6,500 +$5,897 Office Supplies $ 1,803 $ 5,201 $ 13,826 $ 6,000. $ 9,000 $ 14,102 $ 8,462 -55,364 Operating Supplies 5 10,740 $ 500 $ 1,235 $ 5,000 5 7,500 $ 1,260 $ 5,500 +$4,265 Motor Fuel $ - $ - $ - $ - $ - $ - $ - $0 Liberty City Revitalization Trust FY 2023-24 Proposed Budget EXHIBIT "B" FY 2019-20 Actual FY 2020-21 Actual FY 2021-22 Actual FY 2022-23 Adopted FY2022-23 Amended FY 2022-23 Projection FY 2023-24 Proposed Difference Notes Number of Full -Time Positions 5 5 +5 Are any positions funded in other budgets? No No If so, how much is in this budget? $0 $0 If so, how much is in the other budget? $0 $0 Uniforms/clothing $ - $ - $ - $ - $ - $ 12,346 $ - $0 Landscape Related Supplies $ - $ - $ - $ - $ - $ - $ - $0 Subscriptions, Memberships, and Licenses $ 375 $ 100 $ 275 $ 500 $ 500 $ 250 $ 750 +$475 Budget Reserve $ - $ - $ - $ - $ - $ - $ - $0 $ - $ - $ - - $ - $ - $0 Expenditure Grand Total $ 416,836 $ 464,293 $943,291 $630,707 $1,090,707 $942,598 833,092 -$110,199 Revenues Minus Expenditures 634,117 534,905 (353,812) (0) $411,699