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HomeMy WebLinkAboutExhibit 1FY 2010 Approved ' FY 2010 Approved ;Amended FY 2010 Approved -Amended . FY 2011 : .Approved FY 2011 Approved • Amended Budget ;Budget 'Budget Budget Budget QMNI CRA, SEOPW CRA and MIDTOWN CRA Aug 6, 2009 Mar 11, 2010. Sept 27,:2010 'July 22,.2010 ' Oct 14, 2010 General General GENERAL OPERATING BUDGETS General ;General :: General - Operating .. -.Operating ; ._ -Operating . Operating . •Fund 4 .� _ , , _ _ ; Fund:... _[_Fund __ _ anQpeiating Fund .. Fund' . Revenues FY 2010 ESTIMATED CARRYOVER FUND $400,000 $445,078 $445,078 $900,000 $787,846 BALANCE -GENERAL FUND INTERFUND TRANSFER-SEOPW CRA - SPECIAL $5,271,317 REVENUE FUND (Funds to be used for FY 2010 reimbursement to the City of Miami) INTERFUND TRANSFER -MIDTOWN CRA - $34,213 $35,484 $35,484 $21,500 _ $21;500 SPECIAL REVENUE FUND (Estimated FY 2011 TIF revenue share for administration) . OTHER INTERFUND TRANSFERS-OMNI CRA $1,367,002 $1,538,784 $1,538,784 $1,200,000 _ $1,200,000 AND SEOPW CRA SPECIAL REVENUE FUND (Estimated FY 2011 TIF revenue shares for administration) TOTAL REVENUES $1,801,215 $2,019,346 $7,290,663 52,121,500 $2,019;346 Expenditures REGULAR SALARIES $884,210 $894,510 $894,510 $966,135 ., . $885,601 OTHER SALARIES $53,560 $53,560 $53,560 $52,000 ' $43;000 FICA TAXES $66,422 $68,430 $68,430 $73,909 .. $70,000 LIFE AND HEALTH INSURANCE $48,000 $101,200 $101,200 $105,000 '_., $126,387 RETIREMENT CONTRIBUTION $50,000 $75,000 $75,000 $75,500 $75;500 FRINGE BENEFITS $7,200 $8,400 $8,400 $9,600 .' ;. $7,580 OTHER CONTRACTUAL SERVICE $13,730 $13,730 $13,730 $13,730 .. -:-.$13,730 TRAVEL AND PER DIEM $8,000 $8,000 $8,000 $8,000 - . $2,500 COMMUNICATIONS 58,908 $8,908 $8,908 $8,908 - $6,500 SERVICE UTILITY_ $18,208 $27,808 $27,808 $27,808 . $27,808 INSURANCE $23,800 $23,800 $23,800 529,000 . ; .$29,000 OTHER CURRENT CHARGE $10,000 $10,000 $10,000 $11,500 :: -' $5,700 SUPPLIES $12,000 $12,000 $12,000 $12,000 - $12,000 OPERATING SUPPLIES $8,000 $8,000 $8,000 $8,000 ` =.1-$8,000 SUBSCRIPTION MEMBERSHIP $1,000 $1,000 $1,000 $1,500 '`-'.$1,500 MACHINERY AND EQUIPMENT $5,000 $27,000 $27,000 $5,000 ' $5;000 ADVERTISING $58,387 $58,387 $58,387 $30,000 _ $30,000 RENTAL AND LEASES $207,661 $207,661 $207,661 $207,661 .-$207,661 POSTAGE $20,000 320,000 520,000 $5,000 .-:_, $5,000 REPAIR/MAINTENANCE- OUTSIDE $1,961 $1,981 $1,981 $2,800 = -; $2,800 INTERFUND TRANSFER $50,0D0 $50,000 $50,000 $155,000 $50,000 INTERFUND TRANSFER -CITY OF MIAMI $5,271,317 BUDGET RESERVE $245,148 $339,971 $339,971 $313,449 :;$404,079 TOTAL EXPENDITURES $1,801,215 $2,019,346 $7,290,663 $2,121,500 ; $2;019,346 REVENUE LESS EXPENDITURES - - - - ifk /a �C 1 Revenues ADVALOREM TAXES - CITY OF MIAMI ADVALOREM TAXES - MIAMI DADE COUNTY CARRYOVER FUND BALANCE OTHER NON -OPERATING TOTAL REVENUES Expenditures PROFESSIONAL SERVICES - LEGAL ACCOUNTING AND AUDIT PROFESSIONAL SERVICES - OTHER OTHER CURRENT CHARGES AND OBLIG OTHER CONTRACTUAL SERVICES CONSTRUCTION IN PROGRESS OTHER GRANTS AND AIDS INTERFUND TRANSFER (Debt Service) INTERFUND TRANSFER (Administration) INTERFUND TRANSFER (City of Miami) BUDGET RESERVE TOTAL EXPENDITURES REVENUE LESS EXPENDITURES $6, 270,714 $3,955,532 $16,483,835 $611,846 $27,321,927 $265,574 $25,000 $1,152,608 $251,439 $430,114 $15,147,882 $3,505,609 $ 350,000 $822,384 $5,271,317 $100,000 S27,321,927 $6,400,000 $4,000,000 $23,727,070 $34,127,070 $204,275 $40,000 $1,015,360 $454,707 $246,256 $23,583,142 $7,139,851 $723,479 $620,000 $100,000 $34,127,070 tikx Note: At the February 28, 2011 CRA Board Meeting, there was a budget change passed and adopted in regards to the Interfund Transfer (Administration). This budget line item decreased from $620K to $600K. Nevertheless, the remainder of $20K was added to the budget reserve. 1 OMNj !ECIAL REVLM1I)EFUND-BUDG" f = .. - -- -; .._ttt :: _ _ FY 20i•0.- Approved: Amended - OMN! .": 5peciay -revenue" FY3011 APprov9ti Budget Of�NI SP. lal_..2 Revenue i� br . App799! st.= Kinehied BQdgei ` . DMt$J.. - Special Revenue Revenues AD VALOREM - CITY OF MIAMI $8,238,547 $5,800,000 =_=" 5 9$4 AD VALOREM - MIAMI DADE COUNTY $5,195,407 $3,700,000 ;'= $:3892F$ MISC -INTEREST GRANT FROM STATE OF FLORIDA $100,000 CARRYOVER FUND BALANCE $30,482,017 $35,547,424 ;; 2.9 768-79.6 MISC -NET INCREASE IN FAIR VALUE =`-___ TOTAL REVENUES $44,015,971 $45,047,424 `:438L958 22 Expenditures PROFESSIONAL SERVICES - LEGAL $180,597 $170,280 '138 it ACCOUNTING AND AUDIT $7,000 $18,000 ;. PROFESSIONAL SERVICES - OTHER S476,391 _ $377,165 -_ ; _$3fa6 819: INTERFUND TRANSFER (Administration) $716,400 $620,000 :+_ 00=QQ INTERFUND TRANSFER (City of Miami) $4,395,332 - _=— --- OTHER CONTRACTUAL SERVICES $98,715 $153,616 ' '_5Q5F$. OTHER CURRENT CHARGES AND OBLIG $6,162,318 $5,136,528 't$1:345865 PURCHASE OF BUILDING/LAND $2,839 990 $2 8355Z: CONSTRUCTION IN PROGRESS $29,065,747 $25,219,728 ?,$23;12-3 OTHER GRANTS AND AIDS $2,813,471 $10,412,117 = $7 17; _92 BUDGET RESERVE $100,000 $100,000 ; ; 6. 1.D0, TOTAL EXPENDITURES $44,015,971 $45,047,424 $ 958 422; REVENUE LESS EXPENDITURES - r ___ _ Note: At the February 28, 2011 CRA Board Meeting, there was a budget change passed and adopted in regards to the Interfund Transfer (Administration). This budget line item decreased from $620K to $600K. Nevertheless, the remainder of $20K was added to the budget reserve. I/Pr� t(p.3* 1 .•! • MIDTOWN ------ • ". Revenues ADVALOREM TAXES - CITY OF MIAMI ADVALOREM TAXES - MIAMI DADE COUNTY TOTAL REVENUES Expenditures ACCOUNTING AND AUDIT INTERFUND TFtANSFER (Administration 1% out of FY 2011 TIF revenue) OTHER CURRENT CHARGES AND OBUG BUDGET RESERVE Approved Midtwin - Special $2,392,877 $1,508,569 $3,901,446 $3,500 $35,484 $3,862,462 $1,600,000 $1,000,000 $2,600,000 $4,500 $21,500 $2,574,000 TOTAL 'EXPENDITURES REVENUE LESS EXPENDITURES $3;901,449 $2,600,000 1