HomeMy WebLinkAboutCover MemoBH.16
To: The Honorable Manual Diaz and rnem ers of the City of Miami Commission
From David Shorter, Executive Director
CC: Board of Trustees, Virginia Key Beach Park Trust, Pete Hernandez, City Manager,
and Michael Boudreaux, Director of Strategic Planning, Budgeting and Performance
Date: July 29, 2008
Re: Fiscal Year 2009 Operating Budget
Recommendation
The Board of Trustees of Virginia Key Beach Park Trust, (the "Trust") request that the City
Commission approve the General Operating Funds for the Fiscal Year 2009 in the amount of
$ 1,762,098
Budel2t Summar /
The $1,762,098 requested from the General Fund for FY 2009 is $445,942 hic her than the
$1,316,136 allocated in FY 2008. This increase is due primarily to the Trusts need to hire
necessary personnel who will be primary for the museum ensuring a building and location
which will become a must see destination for the City of Miami.
Assumptions made in the development of the FY 2009 budget are:
• Operating grants and contributions are estimated at $100,000
• Event Revenues are estimated at $106,000 (this is the first year the Trust will be
able to begin to trend annual income estimates for the park services.)
• The Park has special needs and priorities to ensure that capital improvements for
the park are maintained and secured and that formal national attention is given to
this location.
• The park will operate on a three hundred and sixty-three (363) day schedule from
7:00 am until sunset, closing only on Thanksgiving and Christmas Days.
• The park will have in FY08 permits which will allow swimming at the only beach in
the City of Miami.
The following are Significant Accomplishments in FY 2008
1. Park Grand Opening
2. Raising funds and Completion of the Boundless Playground.
3. Installation of a 1947 Allan - erschel carousel
4. InsbIlatici and operation cf the Mini -Train.
�. Signinie •a jreement or museum iesign and _selection of Exhibit Design Firm.
6. Completion of exotic removal
7. Execution of a vendor agreement for concessions
$ Multi collaboration with outside agencies which culminated with ;planting 1000 plants and
a second year summer program with the YMCA.
Maior abiectives for FY 2009.
The attached budget provides detailed information regarding the General Funds needed for
our FY '09 projects. It should be noted that there are numerous ongoing capital improvement
projects that are funded through Homeland Defense Bonds. FY'09 will see the completion
of the safe swimming permitting process also with the installation of the no boating and no
wake zones. The Trust has also been guaranteed through Congressman Meek full funding
to complete the Section 1135 project "Environmental Restoration". Also with the help of the
Army Corps of Engineers it is our assumption that a shoreline restoration project will come on
line. There is also collaboration with Clear Channel outdoor and radio to produce major
fundraising events at the park. FY09 should also be the year we break ground for the new
museum.
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