HomeMy WebLinkAboutExhibit 3BAYFRONT PARK
MANAGEMENT TRUST
CAPITAL IMPROVEMENT BUDGET
FISCAL YEAR 2005/2006
BAYFRONT PARK MANAGEMENT TRUST
CAPITAL BUDGET
FISCAL YEAR 200512006
BOARD DESIGNATED FUND FOR CAPITAL IMPROVEMENTS
FIXED ASSETS & LAND IMPROVEMENTS
Challenger Memorial Lighting
Promenade Rehabilitation
Rehabilitation of Rock Garden
Purchase of Fixed Assets
LONG RANGE PLANNING CAPITAL IMPLEMENTATION
Perk Beautification
Park Signage
Park Lighting Upgrades & Additions
Park Design Upgrades & Rehabilitation
TOTAL CAPITAL IMPROVEMENTS
Requested
Budget
FY 2005/06
$ 2,500,000
$ 100,000
$ 150,000
$ 1,000,000
$ 75,000
$ 175,000
$ 250,000
S 250,000
$ 500,000
S 2,500,000
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Bayfront Park Management Trust Capital Improvement B Q
Notes to Proposed Budget for 2005/2006 ud�et
EXHIBIT 600
Board Designated Capital Improvement Fund: $2,500 000
Expenses
Fixed Assets and Land Improvements
Challenger Memorial Li htin Plan: proposed $100,000. These funds will be used to create
and install a lighting package for the Challenger Memorial, one of the most visiblea locations in
Bayfront Park.
Fla ler Promenade Rehabilitation Plan: proposed $150,000. These funds will be used to
rehabilitate damaged stones and re -grout the Flagler Promenade.
Rehabilitation of Ba front Park Rock Garden: proposed $1,000,Q00. These.
used to renovate and rehabilitate the Bayfront Park Rock funds will be
Garden, which dates from 1926 and is
the earliest design feature in the park.
Purchase of Fixed Assets: proposed $75,000. These funds will be used to replace and acquire
new equipment over $750.
Long Range Planning Capital Implementation
Park Beautification; proposed $175,000. These funds will be used for overall park
beautification, including new plantings and design elements.
Park Si na e: proposed $250,000. These funds will be used for a dis
tinctive and attractive
comprehensive directional and informational signage system covering Bayfront Park's
Park Li htin U rides &Additions: proposed $250 00 32 acres.
0. These funds will be used for an
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over -haul and upgrade of the lighting systems in Bayfront Park.
Park Desi n U rades & Rehabilitation; proposed $500,000. These funds will be used for
to
redesign and construction of new infrastructuresupport objectives identified through the Long
Range Planning process,
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REVENUES
GENERAL REVENUES
SPECIAL EVENTS & MARKETING REVENUES
MAINTENANCE REVENUES
TOTAL REVENUES
EXPENSES
ADMINISTRATIVE EXPENSES
SPECIAL EVENTS & MARKETING EXPENSES
MAINTENANCE EXPENSES
CITY OF MIAMI GRANT
TOTAL EXPENSES
3EPRECIATION EXPENSES
IET INCOME
)ARD DESIGNATED FUND FOR CAPITAL IMPROVEMENTS
TAL CAPITAL IMPROVEMENTS
TAL NET BUDGET
QD DESIGNATED RESERVE FUND
faction band on actual and known axpenaaa through Dec 31, 2004
BAYFRONT PARK MANAGEMENT TRUST
OPERATING & CAPITAL BUDGET SUMMARY
FISCAL YEAR 2005/2006
35
S
$
$
$
APPROVED
BUDGET
FYI
$ 744,500
$ 1,351,500
$ 1,045,000
$ 3,141,000
722,920
1,263,060
1,/55,020
$
$
$
$
PROJECTED
J
ACTUAL
FYI
$
$
737,190
1,497,000
1,045,000
$ 3,279,190
598,141
1,356,169
1,024,468
$ 3,141,000 $ 2,978,778
$ •
$
$ 2,500,000
$ 2,500,000 •
300,412
$
5
$
i
APPROVED
BUDGET
FYI
$ 855,200
$ 1,404,500
$ 1,152,000
$ 3,211,700
714,000
1,342,800
1,154,900
3,211,700
$•
$ 2,000,000
• $ 2,000,000
.$
$
1,000,000
AUDITED
ACTUAL
FYI
$ 787,201
$ 2,156,200
$ 1,145,000
$ 4,088,400
$ 572,059
$ 1,645,965
$ 905.033
$ 500,000
$ 3,623,057
$ 219,788
$ 245,558
REVENUES BY TYPE
REQUESTED BUDGET FY 05106
50%
CIGENERAL REVENUES
*SPECIAL EVENTS 8 MARKETING REVENUES
d MAINTENANCE REVENUES
EXPENSES BY TYPE
REQUESTED BUDGET FY 05/O6
46%
QAAMINISTRATIVE EXPENSES
*SPECIAL EVENTS d MARKETING EXPENSES
CI MAINTENANCE EXPENSES
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