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HomeMy WebLinkAboutCover MemoF t LnerShtp5 for d NEW MIAMI To: Honorable Mayor and Members 0th.. Ci .Tranissio From: Marva L, Wiley, President/CO Model City Community Revitalization ■ i ct Trust Tie. Approval of FY 2006 Annual Plan Date June 30, 2005 RECOMMENDATION It is respectfully requested that the City Commission adopt the attached proposed Annual Plan and Budget for the. Model City Trust's Fiscal Year 2005- 2006. BACKGROUND The attached presentsF budget 2006. the budget for Fiscal Year 20Cf5 , pleas notethe following changes from the prior year: ;i.. Car Allowance: The amount has been adjusted to be consistent with the $600/m,o of cellular phone and car allowances approved by the Board of Directors and the City Commission as part of the current President/CE0's compensation package. 2. Rent of Equipment: The Trust benefits from a citywide contract for copiers. This is the major use for this line item. The most recent contract reduced the costs and the projected annual costs are captured herein. 3. Group Insurance: The recent increases in the insurance costs are captured in this projection. 4. Lot Clearing: Because of the development activity anticipated during this fiscal year, I have substantially reduced the projections for Iot clearing expenses.