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.