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Home My WebLink AboutExhibit 12Virginia Key bead) rar-ic Trust Fiscal Year 2007 Budget Revenues & Expenditures Marketing & Special Events 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 Total Expenditu Revenues Less Expenditure Total.Fuli. Time 5taii Explanation of Variance Please provide an explanation en the;FY 06-forecasted expenditures Total 1CTp expenditures thru April are' approximately $68 000." meaning over $200000 would be'expensed between May and September 06 FY 2007 Budget Total FY 2006 Forecast Total FY07 Budget vs FY06 Forecast Total FY 2006 Revised Budget Total FY 2006 Fcst. Vs FY 2006 Bud. Total 335,078 321,003 14,075 321,003 Ti- - µ_ -.. y� ,ram :..i- t-- x_'� ' __ �`... ,' a' •, ^, < $ 335,078 $ 321,003 $ 14,075 $ 321,003 $ - 74,375 66,769 (7,606) 63,705 (3,064) 4' 025, i 17 453. , :'i.... (2,.800) ,..W 17.;903 ..._450 25,600 17,650 (7,350) 25,000 7,350 ,, 3 500 `'73 SOU ;' ''ilrw .3,500 ._ 178,950 131,932 (47,018) 163,450 31,518 4 000 > & w336,874 , •,:d,. , 3874_ 47.,445 '' '10 571 ; $ 335,078 $ 274,178 $ (60,900) $ 321,003 $ 46,825 $ 0 $ 46,825 $ (46,825) $ - $ _ '46,825 1 1 - 1 - 1 Z:1RiversidelVKBPTILRobinsonlBUdgetlFY 071Marketing Template 07 6/12/2006 9:21 AM 2007 Full Full Year Oct. Nov. Dec. Jan. Feb. Mar. Apr. May. Jun. Aug. Sep- Year Budget Budget Bud. Bud. t Bud• Bud•= 8 •, Bud. Bud • B Jul. Budget Bud.' Buda Encumb. Bud•-.. Type Major Minor Minor Description Revenue 601 094 INTEREST ON INVESTMENT 749 GAINILOSS INVESTMENTS 007 713 PRIOR YEAR-ENC.ROLLOVER 903 192 CONTRIBUTION FROM SPA COM 905 988 OPERATING GRANTS & CONTRIBUTIONS 905 CAPITAL GRANTS & CONTRIBUTIONS OTHER REVENUES Expense 1100 010 SALARIES -UNCLASSIFIED 012 SALARIES - PERM. PART-TIME 013 SALARIES -TEMPORARY 200 083 CAR ALLOWANCE 100 SOCIAL SECURITY CONTRIBUTION 110 RETIREMENT CONTRIBUTION 130 GROUP INSURANCE CONTRIB. 150 WORKERS COMPENSATION 160 UNEMPLOYMENT COMPENSATION 180 TUITION REIMBURSEMENT 185 FRINGE BENEFITS - OTHER 214 PENSION CONTRIBUTION -OTHER - ED 410 TRAVEL AND PER DIEM - TRAINING 300 230 PROFESSIONAL SERVICES - ARCHIT 270 PROFESSIONAL SERVICES - OTHER 280 PROFESSIONAL SERVICES - ACCTG 400 340 OTHER CONTRACTUAL SERVICES - 0 610 RENT OF EQUIPMENT - OUTSIDE 620 RENT BUILDINGS 635 RENT OTHERS 670 REPAIRS & MAINTENANCE 601 - SOLID WASTE SERVICES 835 LANDSCAPING 500 287 ADVERTISING 420 TRAVEL AND PER DIEM - OTHER 470 ENTERTAINMENT 495 PARKING EXPENSE 510 COMMUNICATIONS SERV. TELEPH. 0 530 TRANSPORTATION . 532 ROAD TOLLS 534 DELIVERY SERVICES 640 INSURANCE - PROPERTY 843 SPECIAL EVENTS INSURANCE 861 PUBLIC OFFICIALS L.IABIUTY 680 PR1N11NGBINDING - OUTSIDE 690 PROMOTIONAL ACTIVITIES 727 PROMOTIONAL- MATERIALS 755 REPRODUCTION SERVICE 773 INTERNAL SERV CHGES PRINT SHOP 2:1Riversi sWKBPT1LRnbinsonlBudgetlF1' 071Markefing Template 07 335;078 35,936 335.078 35,936 74,375 = 5,573 5,519 2,231 10.090 15,000 45,000 45,000 5,000 5 923 5,519 2,231 10 1396 491 1 116 17, 8 000 - -:. 8 000 `0 000 2 000 1 000 1 000 ' 1 000 - - - 50 000 10m00 Marketing and Special Events 2 15,000 45,000 45 000 6/122006 9.21 AM Virginia Key Beach Park Trust Maroettrg 1L Special Events Type MejorlMinor 718 PARTS AND MAINTENANCE SUPPLIES Minor Description 722 MISCELLANEOUS SUPPLIES 780 BOOKS PUBIJCAT1ONS MEMBERSHIPS Full Year Budget :: _1,500 1 Oct. Budget Nov. Budget Dec. Jan. Budget Budget Feb. Budget Mar. Budget RAG Budget May. Budget 1,500 ,tun. Budget Jul. Budget Aug. Budget 2007 Full Sep. Year Budget Encurnb. Budget 1, 1.500 W 700 830 IMPROVEMENTS OTHER THAN BUILDING 640 EQUIPMENT -NEW 841 OFFICE FURNITURE - NEW 860 CONSTRUCTION IN PROGRESS 885 CAPITAL LEASE -TELEPHONE EQUIP aoo 978 BUDGET ADJUSTMENTS 998 BUDGET RESERVE Expense Total Revenues Over E pendkures.. • 335,076 35,936 42,573 30,436 42,136 43,636 35,536 19,836 ' 23,564 14730 17,730 11,230 17,732 - 335.078 Totar I of Full Time Staff 1 Y 1 1 1 1 1 1 1 L RivarsidaWKBP11LRobinsorOBudge1WFY 071Markeeng Template 07 Marketing and Special Events 8r12/2006 3 921 AM Revenues 10 12 Salaries - Unclassified Salaries -Penn. Part -Time Full-time staff Interns) ViLsinia Key gam.- . _xTru.t Fiscal Year 2007 Budget Marketing {335 076) Annual Funding from COM and Fund Balance See Salaries worksheet for individual staff details. Salary Budget assumes a 6.5% merit increase and 3.5COLA for each fulitime staff member. 74,375 13 83 Salaries Temporary Car Allowance Temp help as needed VKBPT staff vehicle reimbursements & ED car allowance 100 110 130 150 160 16D 185 214 270 Social Security 07.65% Retirement Contribution Group Insurance Contribution Workers Compensation Unemployment Compensation 260 Tuition reimbursement Fringe Benefits - Other Executive Retirement Plan Contribution 287 340 410 420 470 495 510 530 532 Professional Services - Conuullants Professional Services - Accounting Advertising VKBPT staff Social Secrity deductions Retirement fund for qualifying FT employees Health Benefits for VKBPT staff Workers' Compensation for VKBPT staff VKBPT staff unemployment compensation insurance Employee reimbursement for job related studies Other Employee Benefits Executive Director personal retirement fund 5,519 2;231 491 1,116 Social Security paid @7.65% on budgeted salaries cost Flat 3% of gross salary for qualifying employees. Budget assumes all staff will elect the minimum 3% employee contribution. Major medical, Dental, Vision, song -term disability insurance for permanent staff; estimates reflect VKBPT staff size, needs and requirements. Assumptions are monthly cost of $908 per fulltlme employee. and all employees will participate. Workers' Compensation Benefits for VKBPT staff; estimates reflect VKBPT staff size, needs and requirements. Based on total projected payroll Unemployment Compensation premiums as a percentage of total payroll Consulting services of a professional nature Audit Fees related to the annual audit of the Trust .000 Professlonal Services engaged for developmaut of sponsorship and website Other Contractual Services Travel and Per Diem - Training Travel and Per Diem - Other (Conferences) Entertainment Parking Expense Communication Services Transportation Road Tolls Print, Radio, and other media advertising General maintenance and operational service contracts VKBPT Staff or Trustee training sessions/conferences VKBPT Staff or Trustee sessions/conferences and business travel General business entertainment of non -employee Parking Ease related to local travel Cellular Telephone Services .000 .500 7-350 500 Print Media In major newspapers. Production of hennerslposters. Radio and tv media advertising Consulting service for Inc development of targeting variolts"ethnic groups Entertaining potential sponsors Thankyou junclaii Parking meetings, entertainment; general oftice`c niters for volunteers Group Transportation expenses related to staff events Miami -Dade County Toll Road at causeways 533 534 Postage Delivery Services General Postage Special shipping and delivery and overnight shipping services 2:1RiversideWVKBPT1LRobinsonlBudgetWY 071Marketing Template 07 Quarterly newsletters rrnalllrrgs. Mailing,invitations,marketing collateral material; flyers; brochues. - Marketing and Special Events 4 611212006 1:59 PM Tents, Lighting, etc and other equipment rentals related to 610 Equipment Rental -Outside Trust events 620 635 640 643 661 Building Rental Rent - Other Property Insurance Used only for rental of primary office space for the Trust Storage spare, other items Property Insurance for VKBPT office VKBPT Sponsored Special Special Insurance Events Directors Liability/General Workers' Compensation for LiabilityNVorkers' Comp VKBPT Directors & Trustees 670 Repairs & maintenance Routine repairs to property and equipment External design and printing of 680 Printing promotional materials Cost related to various promotional activities such as booths, parade floats, catering 690 Promotion! Activities for events etc. General office supplies for VKBPT staff 700 05 4-- Office Supplies Houskeeping/Saniiation Suppties for sanitation/cleanup Supplies of premises Parts & maintenance supplies 718 : Parts & maintenance Supplies for equipment Expenses that can not be readily allocated to any other category. Should be minor in 722 Miscellaneous Expenses amount Special give aways surtr as t- 727 Promotional Materials shirts, caps. bags, souvenirs. Copying & reproduction of existing materials - e.g. Kinkos, 755 Reproduction Services DVDs, VHS tapes etc. Books, Publications and 760 Memberships 773 Print Shop 801 Solid Waste Services Improvements Other than 830 Buildings Publications and subscriptions to any periodicals as well as membership to professional associations. Letterhead; Bus. Cards; Images, Signs, Posters produced internally by GSA Park Clean-up Park site Capital Improvements - 835 Landscaping General Grounds Keeping Z:VRiven:ideWKBPTU..RobinsonlEudgetlFY 071Marketing Template 07 Virginia Key 15ea,h r • Trust Fiscal Year 2007 Budget Marketing Marketing and Special Events 5 6112/2006 1:59 PM :iota! 0 Virginia Key ebead Trtiat Fiscal Year 2007 Budget Marketing Marketing and Special Events ZARiversideWKBP'11LRobinsonlBudgetTY 071Marketing Template 07 6/12J2006 1:59 PM