HomeMy WebLinkAboutExhibit 3FY 2007 Budget Assumptions
Revenues & Operating eratin Expenditures
• Operating grants and contributions are conservatively estimated at
$50,000
Full -Time staff to increase from 7 to 15 by the end of FY 2007.
• Salaries & Benefits impact of new full-time staff amounts to
approximately $390,000 over FY 2006 forecast.
■ Planned Park opening date of April 2007.
• The City of Miami Parks Department will incorporate the Park's
maintenance costs into it's FY 2007 Budget.
• The Trust's Park Operations Department would add 6 week -end
part-time employees whose functions would be related to the
operation of the mini -train and the park entrance at an estimated
cost of $35,000.
• Additional Park Operations costs of $50,000 is anticipated, and
related to Maintenance, Repairs, Security and other services.
Virginia Kej beack park Trust
FY 2007 Budget Assumptions
New Staff Positions & Salary Costs
• Position
• Dir. of Collections -
■ Exhibition Manager —
■ Registrar -
• Grounds Keeper -
■ Special Event Staff —
• Volunteer Cord. -
• Dir. of Education -
■ Ed. Program Cord. -
Hire date
Jun. 06
Jan. 07
Jan. 07
Jun. 06
Oct. 06
Oct. 06
Mar. 07
Jun. 07
FY 07 Budget
$ 73,850
$ 36,883
$ 33,197
$ 34,755
$ 35,000
$ 32,000
$ 31,731
$ 13,846
Virginia Ke beach rark Trust
Revenues & Expenditures Budgets
Revenues:
Contribution from the City Of Miami
Carryover Fund Balance
Grants, Contributions, & Other Rev.
Total Revenues
Expenditures:
Salaries & Employee Benefits
Professional & Technical Services
Property Services
Other Services & Supplies
Capital Outlay
Total Expenditures
FY2007
$1,680,955
396,298
50,000
$ 2,127,253
$ 1,165,861
117,000
292,000
504,393
48,000
$2,127,253
FY2006
$1, 354,442
486,238
650,000
$2,490,680
$ 828,480
261,854
236,726
438,120
725,500
$2,490,680
Virginia Key beacl, Park Trust
Budgeted expenditures by Departments
Fiscal Year 2007 vs. FY 2006 (Excludes Capital
Improvements)
• Gen. Admin.
■ Park Ops.
■ Marketing
• Museum & CC
▪ Education
■ Development
❑ Total
2007 Bud
$ 652,818
$ 564,903
$ 335,078
$ 266,449
$ 63,386
$ 244,619
$2,127,253 $1,781,825 $1,304,083
79
2006 Bud 2006 Fcst.
$ 664,757 $ 634,592
$ 347,858 $ 269,941
$ 321,003 $ 274,178
46,028,344
0
79344
$ 147,437 $
$ 102,277 $
$ 198,493 $
Virginia Key beach Park Trust
FY 2007 Budget Assumptions —continued
Capital Improvements
• Capital projects,_ funded by the Capital
Campaign and Capital Grants havenot been
included in this budget year.
• A separate Capital Budget listing planned
projects and assigned funding- will be
submitted for Board approval.