HomeMy WebLinkAboutExhibitParking Waiver Revenue, FY 08 Revenue,
& City of Miami General Fund Revenue, and Expenses
Revenues
Parking Waiver Revenue
Less:
Reserve (10% Contribution to Parking Waiver Trust Fund)
Reimbursement of '05-'06 Contribution
from Trust Fund (50% of $75K)
Plus:
Revised Pkg. Waiver Augment
Sub -Total Parking Waiver Revenue
Contribution from City of Miami General Fund
Revenue
Expenses
Administrative Expenses
Staff salaries and related insurance
Office rent and utilities
Licenses, fees, dues
Miscellaneous
Website
Office equipment and office supplies
Management Fees (DOSP)
Sub -Total Administrative Expenses
Valet Parking Pilot Program
Holiday Lights maintenance
BID Formation Process
BIC to BID Phase III Consultant
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 retenarting surveys
BIC to BID Contingency Fund
Sub -Total 'BID Formation Process Expenses
Parking Waiver Revenue Allocation for Marketing
Parking Waiver Rev. Adjustment for Mktg.
Revised Parking Waiver Revenue Allocation for Mktg
Total Parking Waiver Fund Expenses
Balance - Parking Waiver Funds
Coconut Grove Business Improvement Committee
BIC Operating Budget FY '08
October 2007 - September 2008
BIC Approved Budget 9-6-07
$ 393,978
39,398 1
37,500 2
Coconut Grove Business Improvement Committee
BIC Operating Budget FY '08
October 2007 - September 2008
BIC Approved Budget 9-6-07
Approved by Miami City Commission 9-27-07
BIC Approved Budget Revision 8-7-08
Parking Surcharge Revenue & Expenses
Oct. '07 - Sept. '08
Refund to City from'06-'07
Total Surcharge Revenue
Surcharge Infrastructure
42,500
$ 359,580 Expenses
Horticultural Plantings & Maintenance
Holiday Lights
$ 200,000 Street Signage
Street & Sidewalk Maint. & Trash
Parking Feasibility Study -Grove Master Plan
Valet Parking Extension
Contingency
Total Surcharge
Infrastructure Projects
($
559,580
$ 115,800
45,000
3,000
3,000
13,500
12,000
36,000
$ 228,300
$ 50,000
$ 7,000
$ 15,000
5,000
10,000
10,000
10,000
10,000
14,800 8
$ 74,800
$ 140,189
$ 42,500
$ 182,689
3
4
7
$ 535,789 I
$ 16,791
Balance of Surcharge Funds
$ 287,000
$ 287,000I
30,000
102,644
55,000
20,000
30,000
46,966
2,390
$ 287,000
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
Expenses
Summer Media Campaign
Fourth of July Celebration
Grove Events
Holiday Decorations
Advertising
Total Special Events & Marketing Expenses
Balance of Special Events
and Marketing Fund
$ 25,011
62,300
3,000
182,689
$ 273,000
$ 176,500
7,500
84,000
5,000
I $ 273,000 I