HomeMy WebLinkAboutExhibit AINTERFUND TRANSFER
$134,363
Available funds for administration in fiscal year 2024. (1% of total TIF collected $13,436,326)
$ 134,363
$ (40,000) Salary of Executive Director
$ (3,060) FICA
$ (8,400) Fringe Benefits
$ 82,903 Available for Other Administrative Expenditures
OTHER CURRENT CHARGES AND OBLIGATIONS $13,301,963
Available funds to be used to cover the annual debt obligation and carryover shortfall of past
debt service obligations (CDD's debt issued/Construction of Parking Garage and Plaza) over
available TIF revenues in past years.
2024's TIF COMPUTATION
Multiply By 95%
City Operating Millage - Current Year
County Operating Millage - Current Year
Gross Avalere (City)
Gross Avalere (County)
City Operating Millage
County Operating Millage
Adjustment By Value Adjustment Board
Divided By 1000
Multiply By 95%
City Operating Millage
County Operating Millage
Adjustment (City)
Adjustment (County)
City County
FY 2023-2024 FY 2023-2024
1,235,287,921 $1,235,287,921
(29,281,592) (29,281,592)
1,206,006,329 $1,206,006,329
1,206,006
1,145,706
7.5539
(39,147,608)
(39,148)
(37,190)
7.6665
$8,654,549
(285,119)
$1,206,006
$1,145,706
$5
-$39,147,608
-$39,148
-$37,190
$5
$5,240,459
(173,563)
$8,369,430 $5,066,896 $13,436,326
2
MIDTOWN CRA SPECIAL REVENUE FUND BUDGET
FY 2024
Proposed
Budget
FY 2023
Adopted
Budget
Budget
Variance
Revenues
ADVALOREM TAXES - CITY OF MIAMI
$8,369,430
$7,465,708
$903,721
ADVALOREM TAXES - MIAMI DADE COUNTY
$5,066,896
$4,566,702
$500,194
2023's CARRYOVER FUND BALANCE
$0
$15,882,606
$ (15,882,606)
TOTAL REVENUES
$13,436,326
$27,915,017
(14,478,690.90)
Expenditures
INTERFUND TRANSFER (Administration - 1% out
of FY 2023 TIF revenue)
$134,363
$120,324
$14,039
OTHER CURRENT CHARGES AND OBLIG
$13,301,963
$27,794,693
(14,492,730.26)
TOTAL EXPENDITURES
$13,436,326
$27,915,017
(14,478,691.00)
REVENUE LESS EXPENDITURES
$0
$0
($0)
1