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HomeMy WebLinkAboutExhibit SUBLiberty City Community Revitalization Trust SUBSTITUTED ITEM ORIGINAL CAN BE SEEN AT END OF Budget for Fiscal Year 2009 to 2010 DOCUMENT. 36% Reduction Fresident/ctu cell phone ana car montmy allowance. i ne President receives an allowance as follows: cell phone -$200 and $250 -car. Social security beneitts paid on payroll. This amount is contingent upon social security and FICA taxes paid on behalf of employees. Pension contribution for President/CEO only. 8% of annual salary Health insurance for staff members. Monthly premiums are paid in the amount of $3,557.00. Rates vary depending upon the add on and drop offs. Insurance Renewal is May 2010 $ 266,170 0 20,362 0 2000 0 Mail outs of correspondence and courier charges, overnight services 2,124 Rental of Copier and purchase of computer softwares, printers, etc. Liability coverage for the Trust and its Board Outside copying. Large volume Public notices for Board and committee meetings and community activities. 0 0 1,344 2,500 Liberty City Community Revitalization Trust Budget for Fiscal Year 2009 to 2010 36% Reduction Catering services for Board meetings, seminars, open houses a committees 3 ce Supplies for the LCT Used for other than supplies re: payment of legals, incidentals that are not specifically noted by other expenditures TOTAL $ 320,000 Liberty City Conuuunity Revitalization Trust Budizet - FY2009-2010 REVENUE - -� 332,000.00 Social Security (521000) General Fund Request $ 500,000.00 $ 500,000.00 Unemployment Compensation (525000) $ 500,000.00 Miami Parking Authority 15,000.00 15,000.00 15,000.00 Program General Income front Sale Proceedsz 2002 Neighborhood Initiative Grant',-, 5,400.00 5,400.00 Pension Contribution (522000) 9,000.00 125,000.00 125,000.00 125,000.00 2003 Neighborhood Initiative Grant 917,148.00 917,148.00 917.148.00 TOTAL REVENUE: _ $1,557,148.00 $ 500,000.00 5 1,057,148.00 $1,557,148.00 PROJECTED EXPENSES General Administration Cost Staff (513000) $ 332,000.00 332,000.00 Social Security (521000) 25,400.00 25,400.00 Unemployment Compensation (525000) 4,500.00 4,500.00 Group Health Insurance (523000) 30,000.00 30,000.00 Car Allowance (516000) 5,400.00 5,400.00 Pension Contribution (522000) 9,000.00 9,000.00 Travel and Per Diem (540000) 3,000.00 3,000.00 Lot Clearing (53 1000) Outside Contractual (534000) 0,000.00 30,000.00 Outside Printing (547100) 0.00 5,000.00 Office Supplies (55 1000) 6,500. 6,500.00 Food (549000) 6,200.00 6,200.00 Postage (541100) 3,500.00 3,500.00 AdvertiscmenUPublicN0tices (548 100) 8,000.00 8,000.00 Liability Insurance (545000) 15,500.00 15,500.00 Rent Equipment (544000) 13,000.00 13,000.00 Miscellaneous Supplies (552000) 3,000.00 3,000.00 $ 500,000.00 $500,000.00 PROJECT COSTS: Off -Street Parking Authority Parking Lots Maintenance 15,000.00 15,000.00 2002 Neighborhood Initiative Grant 125,000.00 125,000.00 2003 Neighborhood Initiative Grant 917,148.00 9917,148.00 TOTAL: 51.557148.00 i! 500.000,00 �1.057.i48.00 $15571400 Department of Off -Street Parking is contributing fiends to cover the cost of a contractual parking lot attendant to maintain the parking lots. Z These funds are derived fi-om the sale of the houses constructed by the Model City Trust. These funds are subject to be returned to HUD upon request. VM # 09-2829