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HomeMy WebLinkAboutExhibit 1Froposed Bucket FY 2005 - 2006 FY 2006 Budget Assumptions Revenues & Operating Expenditures . Grants & Contributions conservatively estimated at $650,000 . Staffing levels to increase by 9 full-time employees by the end of FY 2006 . Salaries/Benefits and other direct hiring cost related to the new employees - $393,171 • The Trust will extend it's current office lease thru December 2005 if necessary, then begin leasing a modular complex on the Park site. The Trust will save $171,000 over a five year term • Security cost at the Park increases from $70,000 in FY 05 to $100,000 in FY 06 • Planned Park opening date of November 2006 FY 2006 Budget Assumptions New Staff Positions & Salary Impact • Dir. of Collections - Nov. 05 - $64,615 • Exhibition Manager - Jan. 06 - $36,538 • Registrar - Apr. 06 - $22,500 • Grounds Keeper - Oct. 05 - $32,071 • Special Event Staff - Jul. 06 - $ 8,077 • Volunteer Cord. - Jul. 06 - $ 7,385 • Dir. of Education - Dec. 05 - $44,423 • Ed. Program Cord. - Jan. 06 - $32,885 • Administrative Assist. Oct. 05 - $24,000 Budget Assumptions — continued Capital Improvements • Professional Services includes $256,000 related to LORD Consulting for the museum design • Capital Projects of $550,000 will be funded by the Capital Campaign and other Grants • Remaining Homeland Defense and SNP Bond dollars available - Approx. $2.2m • County approved GOB Funding to be made available of approx. $2,0m in FY 05, $3.2m in FY 06, $5.3m in FY 07, and $5.0m in FY 08 • Capital cost related to the site improvements needed for the office move, approx. $116,000 Virginia Kett' 5eae1 rarkc Trust Revenues & Expenditures Fiscal Year 2006 Budget • Revenues: J Contribution from the City Of Miami Carryover Fund Balance Grants, Contributions, & Other Revenues Total Revenues • Expenditures: Salaries & Employee Benefits Professional & Technical Services J Property Services Other Services & Supplies Capital outlay Total Expenditures $1,354,441 583,385 650,000 $ 2,587,826 $ 910,480 371,000 260,726 445,520 600,100 $2,587,826 Budget by Cost Centers Fiscal Year 2006 vs. FY 2005 . Gen. Admin. . Park Ops. . Marketing . Museum & CC . Education . Development . Capital 2006 $564,083 $366,532 $321,003 $229,437 $102,277 $198,493 $806,000 2005 $582,327 $188,951 $321,003 $ 0 $ 0 $198,493 $791,000 Virginia Key 1eacI1 Paris Trust Fund Balance and Trend Fiscal Years 2001 Thru Budget 2006 Revenues: Contribution From The City Of Miami Carryover Fund Balance Income on Investments Grants, Contributions, & Other Revenues Total Revenues Expenditures: Salaries & Wages Other Employee Benefits Professional and Technical Services Purchased Property Services Purchased Other Services Purchased Supplies Property & Equipment Capital Outlay Budget Reserves Total Expenditu FY 2006 Budget Total FY 2005 Forecast Total FY 06 Bud. vs FY 05 Fcst. Total FY 2005 Revised Budget Total FY 2004 Actual Total FY 2003 Actual Total FY 2002 Actual Total FY 2001 Actual Total 1,354,441 900,980 453,461 900,976 715,000 565,000 565,000 333,149 583,384 825,160 (241,776) 824,384 379,603 498;154 309,824 - 1,172 (1,172) 5,000 8,591 5,833 8,599 2,237 650,000 74,270 575,730 650,000 503,675 7,550 50 - $ 2,587,826 $ 1,801,582 $ 786,244 $ 2,380,360 $ 1,606,869 $ 1,076,537 $ 883,473 S 335,386 693,927 407,967 (286,020) 437,546 368,571 259,767 176,000 12,788 216.,553 104,325 (112,228) 138,833 85542 50,401 37,502 2,292 371,000 322,544 (48,456) 361,260 86,837 250,259 103,170 - 260,726 159,356 (101,370) 202,036 90866 61,880 42,170 - 345,163 161,230 (183,933) 270,400 125,727 45,012 16,100 7,260 100,357 26,000 (74,357) 83,500 13,645 12,498 8,061 2,361 600,100 36,836 (563,264) 588,200 11,297 17,177 2,316 861 - - 298,585 $ 2,587,826 $ 1,218,198 $ (1,369,628) $ 2,380,360 $ 782,485 S 696,934 $ 385,319 $ 25,562 Revenues Less Expenditures Fund Balance Encumbered Available Fund Balance $ $ 0 S (0) $ 583,384 S S 583,384 $ (583,384) S (0) $ (583,384) Period End Full Time Staff 15 6 9 Z:1Riverside0/KBPTILRobinsonlBudget\FY 061FY2005_2006BUDdraft 1 1 $ - $ 824,384 $ 379,603 $ 498,154 S 309,824 S - $.... - $ _ $ $ -.. $ - $ 824,384 $ 379,603 $ 498,154 S 309,824 7 6 6 6 2 9/9/2005 1:18 PM Virginia Kcy Beach Park Trust Fiscal Year 2005 - 2006 Budget Revenues & Expenditures by Departments Revenues: Contribution From The City Of Miami Carryover Fund Balance Income on Investments Grants, Contributions, & Other Revenues Total Revenue Expenditures: Salaries & Wages Other Employee Benefits Professional and Technical Services Purchased Property Services Purchased Other Services Purchased Supplies Property & Equipment Capital Outlay Budget Reserves Total Expenditu Revenues Less Expenditure Total Full Time Staff - FY Year -End Z:1Riverside\VKBPTILRobinson\Budget\FY 061FY2005_2006f3UD_draft 1 FY 2006 Budget 116004 Total General Admin. 580239 Total Marketing & Special Park Ops. Events 580251 580247 Total Total Museum & Cult Center 580248 Total Education & - Capital Programming Devetopm't :;lmprovernl 580252 Total Total Total 1,354,441 236,699 366,532 321,003 229,437 102,277 98,493 } - 583,384 327,384 - - - 256;000. 650,000 - - - - - 100,000 f 556000 $ 2,587,826 $ 564,063 1 $ 366,532 J $ 321,003 1 $ 229,437 1 $ 102,277 I $ 198,493 1 $ 806,000,. 693,927 252,265 119.913 63,705 123,654 77,308 57,082 216,553 92,892 36,719 17,903 31.620 20,269 17,149 - 371,000 40,000 25,000 50,000 f 256i00ii 260,726 79,626 158,600 3,500 7,000 - 12,000 - 345,163 56,700 9,100 163,450 56,663 3,700 55,550 -;. 100,357 15,500 22,200 47,445 7.500 1,000 6,712:; - 600,100 27,100 20,000 - 3,000 - - 0;000 $ 2,587,826 $ 564,083 1 $ 366,532 I $ 321,003 1 $ 229,437 1 $ 102,277 I $ 198,493 1 $ 806,000.: $ - $ - Is - Is - Is - 1s - 1$ - 15 4 4 1 3 2 1 - 2 9/9/2005 1:18 PM Departmental Summary Fiscal Year 2005-2006 Consolidated Budget Budget IFY 2005-2006 Virginia Key Beach Park Trust Consolidated Budget Type Major Minor Minor Description 2006 Full Year Budget Gen. Admin. Park Operations Marketing & Special Events Museum & Cultural Center Education & Programming Developm't Capital Improvem't Revenue 601 094 INTEREST ON INVESTMENT - - - - - - - - 749 GAIN/LOSS INVESTMENTS - - - - - - - - 807 713 PRIOR YEAR-ENC.ROLLOVER 583,384 327,384 - - - - - 256,000 903 192 CONTRIBUTION FROM SPA - COM 1,354,441 236,699 366,532 321,003 229,437 102,277 98,493 - 905 988 DONATIONS 50,000 - - - - - 50,000 - 905 752 CAPITAL GRANTS & CONTRIBUTIONS -550,000 - - - - - - 550,000 905 333 OTHER REVENUES - GRANTS 50,000 - - - - - 50,000 - Revenue Total - 2,587,826 564,083 - 366,532 321,003 229,437 102,277 -198,493 806,000 Expense 1100 010 SALARIES - UNCLASSIFIED 680,927 239,265 119,913 63,705 123,654 77,308 57,082 - 012 SALARIES - PERM. PART-TIME 10,000 10,000 - - - - - - 013 SALARIES - TEMPORARY 3,000 3,000 - - - - - - tl_ :..... _ l _ ? 2Tr'_ .. 9;1l3 1;3O5'-- :" ' :Z. 08 : .$4 -..-v, 200 083 CAR ALLOWANCE 11,000 6,000 1,000 1,000 1,000 1,000 1,000 - 100 SOCIAL SECURITY CONTRIBUTION 51,123 17,622 9,007 4,809 9,460 5,914 4,311 - 110 RETIREMENT CONTRIBUTION 6,532 2,798 2,171 838 - - 725 - 130 GROUP INSURANCE CONTRIB. 90,405 29,520 18,450 7,380 15,990 11,685 7,380 - 150 WORKERS COMPENSATION 4,560 1,645 791 . 420 816 510 377 - 160 UNEMPLOYMENT COMPENSATION 10,214 3,589 1,799 956 1,855 1,160 856 - 180 TUITION REIMBURSEMENT 6,000 6,000 - - - - - - 185 FRINGE BENEFITS - OTHER 4,600 3,600 1,000 - - - - 214 PENSION CONTRIBUTION -OTHER - ED 16,118 16,118 - - - - - - 410 TRAVEL AND PER DIEM - TRAINING 16,000 6,000 2,500 2,500 2,500 - 2,500 - gaaleftMER.-M`a��.��-iVM=V,'BZ8'92`36,T`t9 , :,�.y�,,9p$ ._1y ,� 241;269 Z:.. . t149 . 300 230 PROFESSIONAL SERVICES - ARCHIT - - - - - - - - 270 PROFESSIONAL SERVICES - OTHER 356,000 25,000 - 25,000 - - 50,000 256,000 280 PROFESSIONAL SERVICES - ACCTG 15,000/�y� 15,000 - - - - - - �. � ., .' '�.� �,tii a I'- .1 .. iYt�71iN„w � .. a c*N.xa20vVid�� _ r....x ha, ¢oY .�4'"? .i. cam --n.�45i.WV. _"i ) - 400 340 OTHER CONTRACTUAL SERVICES - 0 129,500 22,000 100,000 3,500 2,000 - 2,000 - 610 RENT OF EQUIPMENT- OUTSIDE 21,000 6,000 - - 5,000 - 10,000 - 620 RENT BUILDINGS 45,426 45,426 - - - - - - 635 RENT OTHERS 8,800 6,200 2,600 - - - - - 670 REPAIRS & MAINTENANCE 40,000 - 40,000 - - - - - 801 SOLID WASTE SERVICES 6,000 - 6,000 - - - - - 835 LANDSCAPING 10,000 - 10,000 - - - - - 500 287 ADVERTISING 46,000 16,000 - 20,000 10,000 - - -_ 420 TRAVEL AND PER DIEM - OTHER 40,175 13,000 6,000 10,000 6,175 2,500 2,500 - 470 ENTERTAINMENT 6,100 2.000 300 600 600 600 2,000 - 495 PARKING EXPENSE 1,450 300 300 350 300 100 100 - Z:1RiversidelVKBPT1LRobinsonlBudget\FY 061FY2005_2006BUD draft 1 3 9/9/2005 1:18 PM Departmental Summary Fiscal Year 2005-2006 Consolidated Budget !Budget FY 2005-2006 Virginia Key Beach Park Trust Type Major Minor Minor Description 2006 Full Year Budget Gen. Admin. Park Operations Marketing & Special Events Museum & Cultural Center Education & Programming Developm't Capital Improvem't 510 COMMUNICATIONS SERV_ TELEPH. 0 4,900 2,400 500 500 500 500 500 - _. 530 TRANSPORTATION 4,250 - - 4,000 - - 250 - 532 ROAD TOLLS 5,000 5,000 - - - - - - 534 DELIVERY SERVICES 10,200 2,000 - 3,000 5,000 - 200 - 640 INSURANCE - PROPERTY 5,000 3,000 2,000 - - - - - 643 SPECIAL EVENTS INSURANCE 500 - - 500 - - - - 661 PUBLIC OFFICIALS LIABILITY 6,000 6,000 - - - - - 680 PRINTING/BINDING - OUTSIDE 62,500 5,000 - 35,000 7,500 - 15,000 - 690 PROMOTIONAL ACTIVITIES 75,000 - - • 45,000 10,000 - 20,000 - 727 PROMOTIONAL MATERIALS 40,588 - - 25,000 10,588 - 5,000 - 755 REPRODUCTION SERVICE 29,500 2,000 - 12,500 5,000 - 10,000 - 773 INTERNAL SERV CHGES PRINT SHOP 8,000 , - 7,000 1,000 - - $0001e. CM ir�.+ ' }0$� W4-iiOV ". 0YV1. 8.W 600 533 POSTAGE 52,657 1,500 - 44,445 2,000 - 4,712 - 540 UTILITY SERVICES - ELECTRICITY 6,000 - 6,000 - - - - - 560 UTILITY SERVICES - WATER 1,200 - 1,200 - - - - - 700 OFFICE SUPPLIES 10,000 10,000 - - - - - - 705 HOUSEKEEPING 1 SANITATION SUPP 1,000 - 1,000 - - - - - 718 PARTS AND MAINTENANCE SUPPLIES 3,000 - 3,000 - - - - - 722 MISCELLANEOUS SUPPLIES 16,500 2,000 10,000 1,500 1,500 - 1,500 - 760 BOOKS PUBLICATIONS MEMBERSHIPS 10,000 2,000 1,000 1,500 4,000 1,000 500 - :. Fes:_ ::-• '-' ='a'}. :. kRa i+ ..- . -. .. .. .. ...... a .. W.'.r .M5-M5i . n',V', b..-. .,_ _ 700 830 IMPROVEMENTS OTHER THAN BUILDING 550,000 - - - - - - 550,000 840 EQUIPMENT - NEW 36,600 13,600 20,000 - 3,000 - - - 841 OFFICE FURNITURE - NEW 12,000 12,000 - - - - - - 860 CONSTRUCTION IN PROGRESS - - - - - 885 CAPITAL LEASE -TELEPHONE EQUIP 1,500 1,500 - - - 800 978 BUDGET ADJUSTMENTS - - - . - - . 996 . BUDGET RESERVE - Expense Total 2,587,826 564,083 366,532 321,003 229,437 102,277 198,493 806,000 Revenues Over Expenditures -7 Total # of Full Time Staff C Fiscal Year -End 2005 15 Z:1RiversidelVKBPT1LRobinson1Budget\FY 061FY2005_2006BUD draft 1 4 9/912005 1:18 PM Budget FY 2005-2006 Virginia K Beach Park Trust Consolidated Budget - Revised E 010 SALARIES - UNCLASSIFIED Type Major GA GA GA GA GA GA 100 Minor 010 Minor Description SALARIES - UNCLASSIFIED Executive Director Executive Director - Bonus Non -Executive Bonus Finance Director Secretary/Receptionist Administrative Assistant 2 3 2 2 Oct Nov. Dec. Jan. Budget Budget Budget Budget Budget 4 Total General Administration 4 MCC MCC Total Park Operations Director of -Collections Exhibition,. Manager Registrar 7,749 11,624 7,749 7,749 775 1,162 775 775 518 939 711 857 5,228 7,841 5,228 5,228 1.846 2,769 1,846 1,846 1,846 2,769 1,846 1,846 17 962 27,105 18,155 18,301 7,840 11,760 7,840 7,840 8,077 5,385 5,385 18,301 18,308 18,377 27,575 18,718 2 2 2 3 2 2 2 2 Feb. Mar. Apr. May. Jun. Jul. Aug. Sep. Total Yr Budget Budget Budget Budget Budget Budget Budget Budget 7,749 7,749 7,749 11,624 7,749 7,749 7,749 7,749 100,749 775 775 775 1,162 775 775 775 775 10,074 857 864 933 1,409 946 1,049 1,049 1,049 11,179 5,228 5,228 5,228 7,841 5,556 5,556 5,556 .5,556 69,272 1,846 1,846 1,846 2,769 1,846 1,846 1,846 1,846 24,000 1,846 1,846 1,846 2,769 1,846 1,846 1,846 1,846 24,000 239,265 18 821 18,821 18,821 7,840 8,178 8,178 12,266 8,178 13,331 13,331 13,331 119,913 64,615 Total Museum 8,077 5,385 3,846 9,231 GA GA 12 12 1 Total Development ".`-SP�1:->`v�Hs�-ieetltl9 i 1 Total Events & Marketing 2 Total Education & Programing N&E Intern - HS 4,391 6,586 4,391 4,391 769 7154 4,769 4,769 4,231 7,692 385 577 385 385 5,385 5,385 5,385 3846 3,846 3,846 5,769 3.846 3,846 3,846 3,846 36,538 3,462 : 5,192+ 3,462: ` :..3,462 3,462 3,462 22,500 9,231 9,231 12,692 19,038 12,692 12,692 12,692 12,692 123,654 8.077 5,385 5,385 5,385 5.385 4,391 4,391 4,391 6,586 4,391 4,391 4,391 4,391 57,082 25147594M,4769 _-L,_. 4.789 _.. 7 18. ; * S,1i79.�,, ;f179 :, 079 ,.5,079 _; 63 705 1 4 769 4,769 4 769 7,619 5 079 5,079 5,079 5,079 63,705 AC 7,692 7,692 7,692 11,538 7,692 7,692 7,692 7,692 77,308 5,000 Intern - College Total Part-time 385 577 385 385 769 1,154 769 769 385 385 385 577 385 385 385 385 385 385 385 577 385 385 385 385 5,080 769 769 769 1,154 769 769 769 769 10,000 113 jTemp Help 250 250 250 250 250 250 250 250 250 250 250 250 3,000 Total Salaries 15 35,982 Full Time Staff - GA Full Time PO Full Time Staff - MCC Full Time -DEV Full lime Staff - SPE Full Time Staff -EDU Total # of Full Time Staff 100 100 100 100 100 100 SOCIAL SECURITY CONTRIBUTION - GA SOCIAL SECURITY CONTRIBUTION - PO SOCIAL SECURITY CONTRIBUTION - MCC SOCIAL SECURITY CONTRIBUTION - DEV SOCIAL SECURITY CONTRIBUTION - SPE SOCIAL SECURITY CONTRIBUTION - EDU Total Social Security GA, General Administration MCC, Museum Cultural Center SPE, Special Events Marketing 1,322 1,995 1,337 1,348 587 881 587 587 618 412 706 336 504 336 336 365 547 365 365 - 324 588 2,610 4,545 3,360 3,931 Salaries Detail 62,086 45,790 53,243 { 53,243 53,588 57,118 86,027 57,770 A 63,026 63,026 1 63,026 693,927 4 4 4 4 4 4 4 4 4 4 4 4 2 2 2 2 2 2 2 2 2 4 4 4 1 1 2 2 2 3 3 3 3 3 3 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 8 1 9_] 101 12 I 121 12 I 131 13 I 131 15 r 15 1 15 1 1,348 1,348 1,354 2,031 1,379 1,387 1,387 1,387 17,622 587 612 612 919 512 1,007 1,007 1,007 9,007 706 706 971 1,456 971 971 971 971 9,460 336 336 336 469 326 326 326 326 4,311 365 365 365 565 377 377 377 377 4,809 588 588 588 883 588 588 588 588 5.914 3,931 3,956 4,226 6,343 4,254 4,656 4.656 4.656 51,1231 9/912005 1:19 PM 130 -130 130 GROUP HEALTH INS BENEFIT- GA GROUP HEALTH INS BENEFIT- PO GROUP HEALTH INS BENEFIT - MCC GROUP HEALTH INS BENEFIT - DEV GROUP HEALTH INS BENEFIT - SPE GROUP HEALTH INS BENEFIT - EDU Total Group Health 130 130 130 110 _ 110 110 110 110 110 RETIREMENT CONTRIBUTION - GA RETIREMENT CONTRIBUTION - PO RETIREMENT CONTRIBUTION - MCC RETIREMENT CONTRIBUTION - DEV RETIREMENT CONTRIBUTION - SPE 2,460 1,230 615 615 2,460 1,230 615 615 615 2,460 1,230 615 615 615 615 4,920 5,535 6,150 2.460 2,460 2,460 2,460 2,460 2,460 2,460 2,460 2.460 29.520 1,230 1,230 1,230 1,230 1,230 1,230 2.460 2,460 2.460 18,450 1.230 1,230 1,230 1,845 1,845 1,645 1,845 1,845 1,845 15,990 615 615 615 615 615 615 615 615 615 7,380 615 615 615 615 615 615 615 615 615 7,380 1,230 1,230 1,230 1,230 1,230 1,230 1,230 1,230 1,230 11,685 7,380 7,380 7,360 7,995 7,995 7,995 9,225 9,225 9,225 90,405 1 212 212 212 212 212 318 -� RETIREMENT CONTRIBUTION - EDU Total Retirement( 373 560 1214 'EXECUTIVE RETIREMENT PLAN 373 373 373 1,240 1,860 1,240 1,240 1,240 1340 IPayroll Processing Cost @ 60.00 640 GA, General Administration MCC, Museum Cultural Center SPE, Special Events Marketing 212 318 198 229 222 222 222 2,798 2,171 132 132 132 725 152 152 152 838 6,532 1 132 152 222 384 364 1,001 677 677 677 677 1,240 1,240 1,860 1,240 720 800 960 960 960 1,040 1,040 1,040 Salaries Detail 1,240 1,240 1,240 15,118 1,200 1,200 1,200 j B58,106 1 f 11,760 9/9/2005 1:19 PM