HomeMy WebLinkAboutMemoMI +iI 'p {ING AUTHORITY
INTER -OFFICE MEMORANDUM
TO: Pete G. Hernandez
City Manager
City of Miami
FROM: Art Nor_ega
Executive Direct-
Miami Parking Authority
DATE: August 10, 2006
SUBJECT : Gusman ig Olympia
Enterprise Fund
Budget Approval
FY 2006-07
Enclosed is the budget for the Gusman & Olympia Enterprise
Fund for the Fiscal Year 2006-07. This budget was
.approved by the Off -Street Parking Board at its meeting of
August 2, 2006.
Please place approval of this budget by the City
Commission on the agenda for September 12, 2006.
The budgeted deficit is $33.6,454. The increase of $95,674
from the -prior year is attributable to escalating property
insurance($73,4b2) and utilities costs ($18,000).
Increases in these specific areas are being experienced by
across the board by Public .and Private entities in the
State of Florida.
I have also attached the original of a memorandum to the
Mayor and City Commissioners requesting their approval of
the budget and a draft of the Commission resolution.
Enclosures
cc:
Marta Gomez -Chen
Maria Chiaro
Angela Smith