HomeMy WebLinkAboutExhibitCoconut Grove Business Improvement District
FY '10 Budget Approved by Board 7121/09 (rev. 8/6/09)
Adopted
Budget
$ Footnotes
REVENUES:
Parking Waiver Revenue
321,000
Parking Surcharge Revenue
244,000
Special Events and Marketing Revenue
Sidewalk cafe fees
62,000
Special events supplemental fees
25,000
Banner fees
3,000
Other Income
-
Total Special Events and Marketing Revenue
90,000
BID Assessments
430,000 1
Contribution from Trust Fund
135,000
BID Interest
80,000
Other Financing Sources:
Contribution - General Fund (City of Miami)
100,000
TOTAL REVENUES:
1,400,000
OPERATING EXPENSES:
Sanitation
180,000
Security
251,500
Marketing
234,800
Event Development
102,000
Retenanting of Grove
- 2
Streetscave Development & Maintenance (Surcharge)
310,700 3
Parking Waiver Reserve
33,000
General & Administrative
288,000
TOTAL OPERATING EXPENSES
1,400,000
EXCESS OF REVENUES OVER EXPENDITURES
-
Footnotes
1. The BID Assessment of $450,000 has been projected at $430,000
to allow for possible bad debt.
2. Retenanting of Grove has been deferred to FY'11
3. Anticipate 15% less surcharge funds ($244,000); augmented by $66,700 in other funds for total $310, 700