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MODEL CITY COMMUNITY REVITALIZATION DISTRICT TRUST
To: Honorable Mayor and Members of the City Commission
From: Elaine H. Black, President/C
Re: FY 2006-2007 Operating Budg
Date: August 18, 2006
RECOMMENDATIONS:
It is respectfully requested that the City Commission consider and approve the
attached FY 2006-2007 Budget for the Model City Community Revitalization
District Trust.
BACKGROUND:
The City Commission approved Ordinance No. 12082, with amendments,
creating the Model City Community Revitalization District Trust. Under Section
12.5-35 of that Ordinance, the Trust is required to submit a Budget pertaining to
the proposed fiscal year expenditures for the management, operation,
maintenance and capital expenditures for the year.
At the Trust Board of Directors meeting held Monday, August 21, 2006, the
Board approved the general fund request for fiscal year ending September 30,
2007. Attached please find the Model City Trust General Fund Request for FY
2006-07 with a copy of the approved resolution transmitting the budget to the
City Administration.
Please note the following in your review of this request:
1. The Model City Trust's year-to-date numbers on its 2006-2007
budget reflected a savings in the salaries column as a result of
salary adjustments and positions, i.e. salary reduction of
President/CEO and deletion of the acquisition coordinator
position. These two adjustments made a significant difference and,
in fact, it gave the Trust the ability to provide other significant
positions to move the Trust forward. The Model City Trust is now
under the direction of a newly appointed President/CEO, Elaine
Black confirmed by the City Commission on June 22, 2006.
2. You will note an increase in the amount of funds for advertising
and Contracting (outside). Based upon the experience of the FY
2005-2006 Budget Year, the Trust anticipates substantial advertising
costs to promote effectively the various solicitation documents that
are anticipated within the 2006-2007 budget year, i.e, advertisement
of RFPs, RFQs, and Public Notices. There is also a mirror image on
the increase cost of contracting outside vendors to do business with
the Trust as the Trust takes a different direction in its mission.
You will note that the FY 2006-2007 Budget request does not represent an
increase from the FY 2005-2006 budget. Please advise me of any additional
information or materials that may be needed as you consider this Budget request.