HomeMy WebLinkAboutExhibit 3Community Redevelopment Agency
Midtown Miami
Tax Increment Fund
Fiscal Year 2008
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MIDTOWN MIAMI SPECIAL REVENUE FUND BUDGET
FY 2006
Approved
Budget-
Midtown
Special
Revenue
FY 2007
Approved
Budget-
Midtown
Special
Revenue
FY 2008
Budget -
Midtown
Special
Revenue
11
Revenues
ADVALOREM TAXES - CITY OF MIAMI
81,735
120,738
435,310
ADVALOREM TAXES - MIAMI DADE COUNTY
51,981
51,981
300,096
MISC - INTEREST
MISC - NET INCREASE IN FAIR VALUE
CARRYOVER FUND BALANCE
133,716
400,000
OTHER NON -OPERATING
" 41,708
20,000
20,000
TOTAL REVENUES
175,424
326,435
1,155,406
Expenditures
ACCOUNTING AND AUDIT
6,000
7,000
7,000
PROFESSIONAL SERVICES - APPRAt
'
PROFESSIONAL SERVICES - LEGAL, ,
PROFESSIONAL SERVICES - OTHER
20,000
OTHER CONTRACTUAL SERVICES
CONSTRUCTION IN PROGRESS
OTHER GRANTS AND AIDS
INTERFUND TRANSFER (City of Miami's
Contribution and 1% out of TIF revenue in FY 2008)
17,045
22,561
27,354
INTERFUND TRANSFER
BUDGET RESERVE
132,379
296,874
1,121,052
TOTAL EXPENDITURES
175,424
326,435
1,155,406
REVENUE LESS EXPENDITURES
-
-
-
1
Community Redevelopment Agency - General Operating (SEOPW, OMNI and Midtown)
Fiscal Year 2008
1
I
SEOPW, OMNI AND MIDTOWN GENERAL OPERATING
FY 2006.
Approved
Budget -
General
Operating
Fund
FY 2007
Approved
Amended
Budget -
General
Operating Fund
FY 2008
Budget -
General
Operating Fund
Revenues
CARRYOVER FUND BALANCE
508,000
419,000
400,000
OTHER INTERFUND TRANSFERS
22,561
27,354
OTHER INTERFUND TRANSFERS
'
1,196,514,,
, 1,400,000
1,400,000
TOTAL REVENUES
1,704,514
1,841,561
1,827,354
'
Expenditures
REGULAR SALARIES
951,000
1,028,270
836,156
OTHER SALARIES
90,500
96,835
52,000
FICA TAXES
60,000
64,200
68,850
LIFE AND HEALTH INSURANCE
45,000
48,150
65,200
RETIREMENT CONTRIBUTION
50,000
53,500
52,237
FRINGE BENEFITS
1
35,000
37,450
32,400
OTHER CONTRACTUAL SERVICE
13,085
14,001
13,730
TRAVEL AND PER DIEM
6,000
6,420
10,000
COMMUNICATIONS
10,000
10,700
8,908
UTILITY SERVICE
28,107
30,074
18,208
INSURANCE
1
15,000
16,050
23,800
OTHER CURRENT CHARGE
15,900
17,013
10,000
SUPPLIES
7,000
7,490
12,000
OPERATING SUPPLIES
10,000
10,700
8,000
SUBSCRIPTION MEMBERSHIP
1,200
1,284
1,000
MACHINERY AND EQUIPMENT
1,500
1,605
5,000
ADVERTISING
60,000
64,200
40,000
RENTAL AND LEASES
205,388
219,765
200,000
POSTAGE
1,000
6,070
6,500
REPAIR/MAINTENANCE - OUTSIDE
2,000
2,140
2,000
INTERFUND TRANSFER
38,000
40,660
35,000
BUDGET RESERVE
48,834
64,984
326,365
TOTAL EXPENDITURES
1,704,514
1,841,561
1,827,354
REVENUE LESS EXPENDITURES
-
-
-
2