HomeMy WebLinkAboutExhibit 3Bayfront Park Alanagenient Trust Operating Budget
Noes to 'roposod Budget for 2 106/2037
EXHIBIT 100 Administration
General 1:even ue
Casino Princesa Revenue
101 Boat Dock Income: proposed $5 ] 4,00.0. Use fee based on contractual agreement.
107 Valet Rental Jncome: proposed $90,000. Use fee based .on contractual -agreement.
109 Warehouse Rental Income: proposed $25,000. Use fee based contractual agreement.
Other Revenue
102 Carriage Income: proposed $18,000. Use fee based on contractual agreement.
103 Film and Video Location Rental: proposed $ ] 7.500. Projected revenue based on previous
year' s experience and discussions with film and video professionals.
104 Miscellaneous Revenue: proposed $15,500. Revenue based on previous year' s experience.
105 Concessions: proposed $20,000. Use fee based on potential agreements with park
concessionaires as recommended in the Trust's long range planning sessions.
106 Marouee Revenue: proposed $5,000. income based on projected revenue.
108 Interest Income: proposed $100,000. Income based on projected revenue from Trust funds
held in interest earning accounts.
13,0 Miami Parking Authority Management Fee: proposed $00. The inter -local agreement
between the Miami Parking Authority and the Trust was terminated on August 2002.
111 Tethered Balloon Income: proposed $270,000. Use fee based on •contractual •agreement.
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Administrative Expenses
1 101 Executive Director: proposed $120,000. The Executive Director provides overall
management for the Bayfront Park Management Trust.
1102 Administrative Director: proposed S80,000. Th•e Administrative Director assists the
Executive Director in the management of the Trust.
1102.3 Contract. Procurement. and Agenda Officer: proposed $60,000. The' Contract,
Procurement and Agenda Officer assists the Executive Director in the management of the Trust,
focusing on contracts with promoters, service providers and concessionaires, compliance with
procurement procedures and liaison with the City Agenda Office, and Trust agenda preparation.
] 1D3 Business and Finance Director: proposed $65,000. The Business and Finance Director is
responsible for Bayfront Park's finance, bookkeeping and accounting functions and assists the
Executive Director with the management of the Trust.
1103.] Bookkeeper: proposed S42,000. The Bookkeeper reports to the Business and Finance
Director and is responsible for daily maintenance of the Trust's financial records.
1103.2 Human Resources and Office Coordinator: proposed S40,000. The Human Resources
and Office Coordinator is responsible for managing all human resources functions of the Trust
and for coordinating office functions.
3 3-04 Administrative Assistant: proposed S38,000. The Administrative Assistant assists the
Contract, Procurement and -Agenda Officer with administrative functions for the Trust.
1 3-05 Receptionist: proposed $28,000. The Receptionist is responsible for Bayfront Park's front
office functions.
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11.06 Pavrolline Costs: proposed $90,000. These funds will be used for the payrolling costs of
the administrative employees.
1107 Health & Dental Insurance Contribution: proposed $46,000. These funds will be used to
purchase health and dental insurance for Trust administrative employees.
11'08 Life Insurance & Disability Contribution: proposed $2,500. These funds will be used to
purchase life and disability insurance for Trust administrative employees.
11,09 Executive Director' s Retirement Plan: proposed $15,650. These funds will be used for
the Executive Director' s retirement plan.
1109.3 Employee Retirement. Plan: proposed '$8,750. These funds will be used for a maximum
3% match to Bayfront Park administrative employees' contributions to a 401A (Excluding the
Executive Director).
1110 Master Planning Implementation Process: proposed $00.
1110.1 _Grant Writing Service Fees: proposed S10,000. These fundswillbe used to pay for
grant writing services for the Trust.
1111 Miscellaneous Expenses: proposed S10,000. These funds will be used for miscellaneous
purchases of goods or services required during the year.
1112 Computer Supplies and Software: proposed $3,000. These funds will be used to purchase
computer supplies and software, as well as associated true -up fees for licensed software.
1113 Courier: proposed $2,000. These funds will be used to procure courier services.
1114 Equipment Purchases: proposed $5,000. These funds will be used to purchase new office
furniture and equipment, including but not limited to computers, facsimile, copiers, scanners,
printers, etc.
1115 Equipment Rental/Maintenance: proposed S7,500. These funds will be used foroffioe
equipment rental, lease and maintenance contracts.
1316 Postage: proposed $2,200. These funds will be used to purchase postage.
3117 Printing: proposed $2,500. These funds will be used to procure printing services.
3338 Office Supplies: proposed $10,000. These funds will be used to purchase office supplies.
1119 Telephone. Cellular Phone. 4aa2er and Cable Services: proposed $35;000. Thesefunds
will be used to procure telephone, cellular phone, pager and cable television services.
1320 Sank Charges: proposed $1,000. These fundswil] be used for bank charges.
1121 Newspaper Public Notices: proposed S7,500. These funds will be used for public notices
required by City of Miami procurement procedures.
3122 Business Travel and Seminars: proposed $5,000. These funds will be used to support
Trust and staff business travel and seminars.
1123 Training & Conference Registration: proposed S5,000. These funds will be used forstaff
training and professional conference registration.
1124 Training &z Conference Expenses: proposed S5,000. These funds will be used for
expenses associated with attendance at training seminars and professional conferences,
1125 Meeting Expenses: proposed $4,000. These funds will be used for expenses associated
with the monthly Board Meetings of the Bayfront Park Management Tarsi.
3126 Membersh ips and Subscriptions: proposed'S3,000. These funds will be used for
memberships in professional organizations andsubscriptions to professional journals.
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1127 Business Expenses: proposed $3,000. These funds will cover expenses associated with
new business development in Bayfront Park, including meals and entertainment.
1128 Director's Liability Insurance: proposed S6,000. These funds will be used to purchase
Directors and Officers Liability Insurance for the Bayfront Park Management Trust.
1129 Property Insurance: proposed S15,000. These funds will be used to purchase Property
Insurance for Trust property not adequately covered by the City of Miami Self Insurance Fund.
3130 Premises Liability Insurance: proposed S15,000. These funds enable the Trust to purchase
liability insurance for Bayfront and Bicentennial Parks.
1.130.] Insurance Deductible: proposed S5:000. These funds cover the insurance deductible in
the event a claim is paid against the Trust's liability insurance.
1131 Accounting Services: proposed S00.
1132 Audit: proposed S25,000. These funds will be used to procure the .annual audit of the
Trust's finances.
1133 Marpuee Maintenance Contract: proposed S12.000. These funds will be used for the
marquee sign' s monthly maintenance contract.
1134 Marmite Non -Contractual Maintenance: proposed 500.
1135 Continency Funds: proposed S 10,000. These funds will be used for any unforeseen
expenses incurred during the year.
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