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HomeMy WebLinkAboutExhibitParking Waiver Revenue, FY 06 Revenue, & City of Miami General Fund Revenue, and Expenses Revenues Parking Waiver Revenue Less: Reserve (Contribution to Parking Waiver Trust Fund) Reimbursement of '05206 Contribution from Trust Fund (50% of $75K) Sub -Total Parking Waiver Revenue Encumbered revenue from FY 06 budget Unencumbered revenue from FY 06 budget Contribution from City of Miami General Fund Revenue Expenses Administrative Expenses Staff salaries and related insurance Office rem, equipment, and utilities Licenses, fees, dues, miscellaneous, website Management Fees (DOSP) & Minutes Sub -Total Administrative Expenses BID Formation Process BIC to BID consultants (FY '06 encumbered expense) BIC to BID Strategy Sessions and Marketing BIC to BID Contingency Fund Sub-Total'310 Formation Process Expenses Holiday Lighting (FY '06 encumbered expense) Parking Waiver Revenue Allocation for Matteting Total Parking Waiver Fund Expenses Balance -Parking Waiver Funds Coconut Grove Business 'improvement Committee BIC Operating Budget FY'07 October 2006 - September 2007 Approved by full BIC 9-15-06 1 $ 363,199 1 50% 5 (181,600) Coconut Grove Business Improvement Committee BIC Operating Budget FY'07 October 2006 - September 2007 Approved by full BIC 9-15-06 Parking Surcharge Revenue & Expenses Oct. '06 - Sept. '07 Refund to City from '05-'06 Total Surcharge Revenue Surcharge Infrastructure (37,500) $ 144,099 Expenses Street signage Street Ligtriing (20 yr.) Financing $ 125,272 Street & Sidewalk Maint. & Trash 25,710 Parking Study Contingency $ 200,000 I $ 495,01111 $ 115,800 22,300 12,700 36,000 $ 186,800 $ 75,000 10,000 10,000 95,000 50,272 $ 163,009 I $ 495,0811 $ 0 Total Surcharge Infrastructure Projects Balance of Surcharge Funds $ 244,172 r$ (8,265) 235,908 1 Special Events & Marketing Revenue & Expenses Special Events Supplemental Fees Sidewalk Cafe Fees Banner Fees Parking Waiver Rev. Allocation for Marketing Total Special Events & Marketing Revenues $ 55,000 Expenses 19,396 Total Special Events & Marketing Expenses 71,012 30,000 Balance of Special Events 60,500 and Marketing Fund $ 235,9081 0 $ 49,735 62,300 3,000 163,009 1$ 278,0441 $ 278,0441 $ 0 Parking Waiver Revenue, FY 06 Revenue, & City of Miami General Fund Revenue, and Expenses Revenues Parking Waiver Revenue Less: Reserve (Contribution to Parking Waiver Trust Fund) Reimbursement of '05-'06 Contribution from Trust Fund (50% of $75K) Sub -Total Parking Waiver Revenue Encumbered revenue from FY 06 budget Unencumbered revenue from FY 06 budget Contribution from City of Miami General Fund Non Revenue Front PWT •Fund _ Revenue Expenses Administrative Expenses Staff salaries and related insurance Licenses, fees, dues, miscellaneous, website Management Fees (DOSP) & Minutes Sub -Total Administrative Expenses Valet Paring Pilot Programs. BM Formation Process BIC to BID Phase I Consultant BIC to BID Phase II Consultant t Blf3 'hase irt;onst► tart BIC to BID Local Consultant PR firm for BID formation campaign Print budget for BID formation campaign Outside legal counsel for BID formation campaign BIC to BID formation process resident retenanting surveys f3tC t Y iD ... Sub -Total STD Formation Process Expenses Holiday Lighting (FY '06 encumbered expense) Parking Waiver Revenue Total Parking Waiver Fund Expenses Balance - Parking Waiver Funds Valet, Phase III and accrued 05-06 expenses Coconut Grove Business Improvement Committee BIC Operating Budget FY'07 October 2006 - September 2007 Modified 4-27-07 $ 363,199 50% $ (181,600) (37,500) Parldng Surcharge Revenue & Expenses Oct '06 - Sept. '07 Refund to City from '05-'06 Total Surcharge Revenue Surcharge Infrastructure 144,099 Expenses Street signage Street Lighting (20 yr.) Financing 125,272 Street & Sidewalk Maint. & Trash 25,710 Parking Study Contingency 200,000 115,800 27 500 12,700 36,000 _'p00':; 56401 $ 15,000 $ 15,000 $ -;70139 $ 5,000 $ 10,000 $ 10,000 $ 10,000 10,000 800 04g_00 $ 50,272 $ {0) Total Surcharge Infrastructure Projects Balance of Surcharge Funds Si 244,172 �$ (8,265) 235,908 $ 55,000 19,396 71,012 30,000 60,500 $ 235,908 0 Special Events & Marketing Revenue & Expenses Special Events Supplemental Fees Sidewalk Cafe Fees Banner Fees Pa('kiilg 1Naiverft v,,Jztlocatton for.Maiictbng fn lmilerr±tt revenue fiord PY.06-budget Total Special Events & Marketing Revenues Expenses Summer Media Campaign Finan l ynsen 'for1P",I Websne Cfeadon : Four h of n Grove. Ems, Holiday f orations Advertising 05-0s Media':Caimpalgn s ;Marketing Expenses Balance ofSperialEvents .. and Marketing Fund $ 49,735 62,300 3,000 163,009 15,605 $ 293,649 140,000 7,500 7,500 84,000 5,000 3,649 46,000 �.$, 293,649