HomeMy WebLinkAboutMCRA-R-07-0001 Legislation•
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City of Miami
Legislation
MCRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 07-00931
Final action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE MIDTOWN
COMMUNITY REDEVELOPMENT AGENCY ("CRA"), WITH ATTACHMENT(S),
APPROVING AND ADOPTING THE CRA'S PROPOSED GENERAL OPERATING
BUDGET AND TAX INCREMENT FUND BUDGET FOR THE FISCAL YEAR
COMMENCING OCTOBER 1, 2007 AND ENDING SEPTEMBER 30, 2008; AND
DIRECTING THE EXECUTIVE DIRECTOR TO TRANSMIT A COPY OF EACH
BUDGET TO THE CITY OF MIAMI AND MIAMI-DADE COUNTY.
WHEREAS, the Midtown Community Redevelopment Agency ("CRA") is responsible for
carrying out redevelopment activities within the Midtown Community Redevelopment Area: and
WHEREAS, as a prerequisite to carrying out Fiscal Year 2008 redevelopment activities, it is
required that the CRA Board of Commissioners approve the CRASs proposed Fiscal Year 2008
General Operating Budget and Tax Increment Fund Budget; and
WHEREAS, pursuant to Interlocal Agreements, a copy of each budget is to be transmitted to
the City of Miami and Miami -Dade County;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE
MIDTOWN COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI, FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted
by reference and incorporated herein as if fully set forth in this Section.
Section 2. The attached CRA General Operating Budget and Tax Increment Fund Budget for
the Fiscal Year commencing October 1, 2007 and ending September 30, 2008 are approved and
adopted.
Section 3. The Executive Director is directed to transmit a copy of each budget to the City of
Miami and Miami -Dade County.
Section 4. This Resolution shall become effective immediately upon its adoption.
APPRsVE. AS TO FORM AND CORRECTNESS:
JORGE L, ERNANDEZ
GEN tR L OUNSEL
City of Miami
Page 1 of 1
Printed On: 7/20/2007
Community 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
Revenues
ADVALOREM TAXES - CITY OF MIAMI
ADVALOREM TAXES - MIAMI DADE COUNTY
MISC - INTEREST
MISC - NET INCREASE IN FAIR VALUE
CARRYOVER FUND BALANCE
OTHER NON -OPERATING
TOTAL REVENUES
Expenditures
ACCOUNTING AND AUDIT
PROFESSIONAL SERVICES - APPRAI
PROFESSIONAL SERVICES - LEGAL
PROFESSIONAL SERVICES - OTHER
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)
INTERFUND TRANSFER
BUDGET RESERVE
TOTAL EXPENDITURES
REVENUE LESS EXPENDITURES
81,735
51,981
41,708
175,424
6,000
20,000
17,045
132,379
175,424
120,738
51,981
133,716
20,000
326,435
7,000
22,561
296,874
326,435
435,310
300,096
400,000
20,000
1,155,406
7,000
27,354
1.121,052
1,155,406
1
Community Redevelopment Agency • General Operating (SEOPW, OMNI and Midtown)
Fiscal Year 2008
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SEOPW, OMNI AND MIDTOWN GENERAL OPERATING
Revenues
CARRYOVER FUND BALANCE
OTHER INTERFUND TRANSFERS
OTHER INTERFUND TRANSFERS
TOTAL REVENUES
Expenditures
REGULAR SALARIES
OTHER SALARIES
FICA TAXES
LIFE AND HEALTH INSURANCE
RETIREMENT CONTRIBUTION
FRINGE BENEFITS
OTHER CONTRACTUAL SERVICE
TRAVEL AND PER DIEM
COMMUNICATIONS
UTILITY SERVICE
INSURANCE
OTHER CURRENT CHARGE
SUPPLIES
OPERATING SUPPLIES
SUBSCRIPTION MEMBERSHIP
MACHINERY AND EQUIPMENT
ADVERTISING
RENTAL AND LEASES
POSTAGE
REPAIR/MAINTENANCE - OUTSIDE
INTERFUND TRANSFER
BUDGET RESERVE
TOTAL EXPENDITURES
REVENUE LESS EXPENDITURES
i
FY 2006
Approved
Budget -
Generai
Operating
Fund
508,000
1,196,514
1,704,514
961,000
90,500
60,000
45,000
50,000
35.000
13,085
6,000
10,000
28,107
15.000
15,900
7,000
10,000
1,200
1,500
60,000
205,388
1,000
2,000
38,000
48,834
FY 2007
Approved
Amended
Budget -
General
Operating Fund
419,000
22,561
1,400,000
1,841,561
1,028.270
96,835
64,200
48,150
53,500
37,450
14,001
6,420
10,700
30,074
16,050
17,013
7,490
10,700
1,284
1,605
64,200
219.765
6,070
2.140
40,660
64,984
FY 2008
Budget -
General
Operating Fund
400,000
27,354
1,400.000
1,827,354
836,156
52,000
68,850
65,200
52,237
32,400
13,730
10,000
8,908
18,208
23,800
10,000
12,000
8,000
1,000
5,000
40,000
200,000
6,500
2,000
35,000
326,365
1,704,514
1,841,561
1,827,354
2